MASSIVE Bitcoin and Crypto PUMP! ($6.5B Options Expire)

[Music] [Music] [Music] [Music] E $38,000 Bitcoin guys markets are bullish We have options expiring potentially at The end of today we have Max paying Prices we have a ton of news but today Guys we're going to jump into all of That and what to expect for the bullish December guys it's time to discover Crypto [Music] Capital flight is coming to the United States the dollar is going to zero and That's what makes Bitcoin so special you Have to have gone through a couple Cycles to understand once the price is Able to clear this level the breakout is On its way this is your indication to Jump in [Music] Now guys we have a 30 8,248 Bitcoin right now it is going Crazy with markets markets are all green And today of course I have the fabulous Kelly joining me today how are you Feeling charts are bullish it's got to Be a good day hey you know what it's a Week of thanks and giving the market is Giving us thanks for being patient and Hodling all you getting chopped out from Your emotions telling you get in bitlab

Academy and learn about how you can use The strategies but I'm feeling grateful I'm happy to be back here with you I'm Excited for you to be joining today we Got okay let's look at the charts here a Bitcoin just going up crazy right now $ 38,2 48 ethereum now bed 21,000 or $2,124 B&B up to $235 up now 0.5% still kind of coming Back uh from all the fud with uh CZ this Week we have xrp 62 cents we have salana At $58 and for the top 10 guys those are Going to be like all kind of moving the Same but if we go to the 24 hours here Blur is still leading the network here At 64 cents in a new project that's kind Of starting to make up a storm it's it's A few days old it looks like it hasn't Been out for a week pyth network uh Which is going to be another Oracle play So welcome to the industry we need more Oracles we need more decentralization on That aspect I'm a huge fan of chain link But even Sergey nazarov says all the Time we need to see a little bit more uh Disruption in that industry so this has Actually been a huge mover behind the Defi industry like synthetics which is a Perpetual traded contract we have them Providing now data for more defi Protocols so it's really cool to see Them up 24% we have Mina still leading The industry with 75 cents now up 27 Cents in the last few days what are you

Watching have you seen any of these Cryptos are you holding on to these any Of these cryptos I know you're the TA Guy so well you know what I love about This is you talking about the Oracle Plays Chain Lake absolutely has uh just A strangle hold on cornering the market And in that Niche but when we're Thinking about anything that's going on In crypto we have to remember this is a Nent technology it's still very new and Every one of these different protocols As they come out uh when they lead the Way for instance like ethereum Leading The Way with smart contracts and having The the the the largest smart contract Ecosystem and being among the first to Do it then what we saw was cardono and Uh name all the other ones you know near Avac uh there's so many out there and What you could do is you could use a Road map of what ethereum did and where It was successful there was a lot of Speculation jumping into that those uh Those plays to to catch catch that Speculation Drive so same thing with When you see uh Chain Lake that has Performed so well and they are the Market lead in that there's going to be No way to tell if p uh pyth network is Going to endure in the next 10 years but What we can count on especially in Crypto is the speculative plays that Happen from it people are going to think

They miss chain link or think they Missed Bitcoin or think so there's going To be new money and speculative money That really plays into those kind of Narratives so it's always especially With how big these layer one uh Platforms are looking and TJ talks about A lot you talk about about a lot look at Those layer two options look at those Competitor options when they do come Onto the market because you can get at Least you can capture some of the Movement early on in those fields now I Would not recommend because you feel Like you missed any of these other ones That you throw 100% in this new thing no You throw some Capital into it be smart And if it explodes you take you rotate Your Capital into those large your Holdings In yeah look I think you said the key Word is speculation here you know you Never know which one's going to be that Mover and we do have a chain link Maxi I'm just kidding Marine though behind The cameras operating today here Drew How are you feeling about pyth are you Excited to see more oracles coming into This Market I know I am because just as You know Kelly said we need that Diversification and even though people Want to hold on to one asset that's just Not how this industry Works especially When the founder of you know projects

Like chain Leake are even saying that we Need more decentralization so where's Your head up I mean competition breeds Innovation you Know what I mean so that's the whole Thing that people got to keep in mind It's good to have competing networks That work harder and harder to be the Best oracles are going to be a huge play And you know we got to figure the way I Look at it is we have to play my focus Is on the datab based projects in Oracles first because I think that's the First thing we got to overcome to really See a mass adoption of crypto it's going To it's a pinpoint it's a funnel point Of information that needs to be worked On First and for for most and then all Of our favorite layer ones will benefit From that expansion so got to keep plus One for Drew brother I agree man and Guys make sure you smash that like Button today we're moving straight into The news here crypto markets are bracing For a $6.5 billion Bitcoin and ethereum Monthly expiry so what is ahead for These markets is this bearish because if You guys don't know I'm sure you've Heard the term max pain price and I mean You have so many different Traders out There so many different creators so many Self-proclaimed Financial gurus using New buzzwords to fearmonger or hopium You know putting on a gas just like you

Know whatever they need to to pump the Markets but 108k Bitcoin options of Notional value today 4.05 billion are Set to expire on November 24th which is Today guys so Happy Thanksgiving but With a put call ratio of 0.83 so what This means guys is we have a Max paining Points of around 33k so yesterday on the Stream and throughout this week I've Been showing a lot of the liquidations How about there's a range between 33k up To 34,800 and this essentially just means If prices move to that point if prices Move to that price point that is going To be the max pain and hurt the most Amount of retailer and Traders on the Market uh but that does not hurt one Person in particular which is going to Be the market makers they make a ton of Fees off that and they get in you know Kind of uh handsfree wipe themselves off In a mass amount of profit so we see 1.2 Million eth options of notional value 2 .48 billion are about to expire with a Put ratio of also 72 so very close to Bitcoin with its Max paying price at $1,700 which is significantly lower than The price here as it says in the chart Compared to bitcoin which is only I mean It's still $5,000 but for me I feel like That's really not that big of a move Like 38k down to 33k I still want to be Shocked like it does not take that

Amount uh that much money to push prices There's so little volume on these Exchanges market makers can move candles Very very quickly well I mean not only That the 33k level you know I was Calling for I don't want to say calling For it I was outlining it as an opport As a possibility for if price does move Down it would it would be an understood Area an expected area safely for Bitcoin To move down to that 32,000 to $33,000 Region because that's basically in the Region of where the previous Range High Was that we that we broke past in this Move now on the flip side of that tying Back in what you're what you mentioned Earlier with uh uh binance and and CZ consider okay we have an options Expiry it could push us down to 33k well My question is this if this massive doj Enforcement action comes down on Binance and 4.3 billion right it's easy Maybe going to jail it's this huge one Of those things that everybody thought Was going to be the worst things in History for what would happen if binance Had some huge doj action action didn't Move down at all so is an option expiry Going to move it down there I I I would I mean we're already see I don't believe So you know it's it's and and perfectly With the next article that leads into The Bitcoin Supply which there is less Supply than ever on these exchanges so

Would it shock me if I saw miraculously You know a bunch of billions of dollars Worth of liquidations get liquidated and Some Market maker run away with that With everything that's happening with CZ And Justin sun and the doj Investigations some billionaire trying To take their their money and run before Uh you know they get sought after uh not Necessarily but markets are extremely Bullish guys this is why we're so Excited in these markets Bitcoin again Breaking that 38k level but guys look at This Bitcoin Supply inactive for a year It's record high of 70% and what this Goes to show guys as this chart just Holds up further and further people are Waking up to the fact that these Three-letter agencies and these Regulators are not politicians it's not Politics it is straight up force and Just they're forcing us into policies And regulation uh by regulation by Enforcement that is why it's called that And this is you know not fading about it The the fud is not getting to us holders Are holding more and more longer term And we're seeing more and more adoption Worldwide so it is really bullish to see The fact that even though CZ got Attacked by the doj was forced to step Down if that happened in 2021 we keep Saying this that would have been Detrimental to these markets we would

Have seen way more volatility so I think That's where we're seeing it is po more People are like look Janet Yellen Gary Gendler everybody running the Federal Reserve we know they're going to print More money one day and we know that this Is the solution to that so well in Addition to all this you know where We're at within the market cycle also Changes the the the impact of different Types of narratives and how they going To affect the price of that asset in This case you know when FTX collapsed That was already after you know a year Plus of just cascading failures from Block by Voyager Celsius Luna I mean it Was the whole Market uh it was just it Was crazy and so that there was already A bearish fear and uncertainty and then When you get that sort of uh impact on An exchange failure that caused a Massive drop in price where we're at Right now you have to weigh this is Important everybody out there listen to This when you're doing technical Analysis fundamental analysis or just Trying to figure out what the hell is Going on in the market look especially With Bitcoin look at the Bitcoin having Cycles chart where I try to identify Where you're at in that cycle are you in A bare Market period uh you know are you In that accumulation period are you Going into the prehab period are you

Post just po having because depending on Where you're at in the market cycle the Impact of some sort of fud narrative Even if it's a true fud like the binance Thing is not a fake thing it's not just Like some fake sculpted fud I mean this Really happened the doj brought these Charges against but where we're at Knowing that we have Bitcoin spot ETFs On the horizon and some would argue that Maybe this is one of those things Clearing the way towards that oh it was Definitely clearing it you see it with The gra scale Bitcoin trust it's just it Just hit alltime high so we know Institutional investors are flooding in Here it was very clear you know this is Why I actually was talk talking about Larry Fink years ago being like okay Black Rock's here the money's here man Foreign entities they're screwed they're Going to get pushed out pretty pretty Quickly here and guys bitcoin's still Pumping 384,000 or 38,400 now make sure You keep smashing those likes to pump it To 39K let's get to 40K by the end of This stream but guys the grayscale Bitcoin trust has recently demonstrated A remarkable performance closing a Year-to-date high and marking a 266 increase year-to date for you guys Saying that you know we're not in a bull Run yeah this is for the the the Bitcoin Trust Bitcoin itself is up like 150 160%

Now like at what point will bears and Just people admit or the gim Kramers of The world that are just continuously Wrong each and every single day and Continue to validate the reason behind Why an economics degree means absolutely Jack poop uh in this industry it's just Time in the market uh when are they Going to admit it like markets are up Markets are good the recession didn't Come a soft Landing I still think we're It's it's out there it's coming because I do not trust Janet Yellen with all This transitor soft Landing any of that Stuff if you look at macros and Everything the markets are good right Now and in the same timeline as this Guys other crypto equities such as Coinbase and micro strategy fell short Of matching G btc's feet despite being On the cusp of reaching this year to Dates highs they have not managed to Breach this threshold now this is a Little bit bearish towards coinbase However what I do want to point out and I don't have the chart up here I'll try To pull it up for the end of stream for You guys guys since binance was attacked By the doj the Bitcoin inflows has been Flooding out of binance and directly Into Bitcoin it's completely doing this Like an inverted yield curve because It's just absolutely grabbing all of the The outflows from Bitcoin in the fun on

On binance uh which is good to see good To see on both sides uh huge Announcement though coming out of the Evolution of the World's Bank Perspective on Bitcoin mining this is Something I'm a huge advocate for I'm a Nerd for this guys and chat spam one if You think bitcoin's bad for the world And spam two if you think it's going to Change everything because I Fundamentally believe that Bitcoin is Not only the Mis most misunderstood Asset in the industry it is also going To be the world's greatest commodity and That is because of Bitcoin mining people Fade to Bitcoin mining all the time they Say this is bad for the environment they Say this is bad for production that it's Slow it's outdated and Bitcoin mining Not only is the most secure network out There it is able to capture an illiquid Market of negative energy and wasted Energy which is worth billions and Trillions of dollars globally and Convert all of those carbon emissions All of those wasted emissions and turn It into a net value Satoshi Nakamoto Planned this and called this all the way Back in 2010 when comparing it to Gold That is why I'm bullish on Bitcoin Mining not because some retailer wants To use it pay for his groceries I'm Bullish on it because we need fossil Fuels in this economy our infrastructure

We have railroads just completely Pushing trains over lick toxic waste That doesn't necessar have anything to Do with energy but it does with Transport But our infrastructure for our power Lines everything can't support renewable Energies and so we need a product we Need a solution that can allow us to Continue to mitigate carbon emissions And still print a mass amount of fossil Fuels as we develop this over the next 50 60 years and Bitcoin is that that U Is that solution yeah and I mean in Addition to all that if you really Whether or not you believe in global Warming or not I think we all believe That we want to have a clean plan right So whether or not you like you want to Have the argument there and if you do Want renewable energy to uh progress and Evolve to be more effect uh efficient And also integrated in more places the Number one means to make that happen is To make it financially incentivized to Do so if you really if you think you Hate Bitcoin you can share this with all Your friends and family that have this Argument if you think bitcoin's bad for The environment say and you want the Environment uh the evolution and Renewable energies to progress let them Know that all the things you just Mentioned not only drive the ability to

Harness lost energy because there's over 30% of the energy already produced each Year is just lost yeah so you can Literally do nothing produce no extra Energy and just utilize the stuff that's Already been been done but then in Addition to that we can Offset you know Basically energy uh grids like we saw in Texas when they're having the energy Grids completely overwhelmed by Landfills yeah like the landfills you Methane emissions that is like terrible For our environment we can convert that Into energy and help produce value and More Community Development there and This article shows this it explores the Evolution of central bank's views on Bitcoin mining guys you know the Greta Thumberg out there which in my opinion Is the Jim Kramer of climate change Announcements uh as well as you know CL Schwab uh the world economic Forum all These people guys they're highlighting Key milestones in shifting perspectives With a special focus on the recent Endorsement by the World Bank which Emphasizes the positive impact of Bitcoin mining on methane mitigation W I Got ahead of myself now Dennis Porter Right here really cool guy I got to Interview him once awesome awesome guy Got I had him on the show on my previous Podcast and really really smart talented Guy uh but he puts breaking news guys

Members of Congress write letter to the EPA scam sorry there's something in my Throat there over concerns with Bitcoin Mining's energy consumption uh and of Course Guys these Congress officials These are the Elizabeth Warren these are The Janet yell these are the people Screaming out and saying oh this is bad And they're just literally being fed by Their uh you know politicians and Lobbyist groups not you know they can't Thing for themselves and they Continuously show guys that over time One of the early criticisms of Bitcoin Mining was its perceived excess energy Consumption oh it consumes more energy Than the entire country of Sweden oh it Consumes more energy than all of Southern Africa and at the they don't Realize what energy it's consuming and They don't realize how this actually can Benefit and impact us in the future for Utilizing that energy is isn't Bitcoin Actually wasn't there a report that came Out recently when they did all the Audits of all these the faked reports That were done with the information that Bitcoin is actually uh among if not the Greenest most sustainable industry in The world now oh yeah they'll leave all That out yeah it's like 60% it's like Based off Renewables a lot of it's every Each and every guys as we approach a Bitcoin having right now transactions

For miners are extremely profitable and This is beyond bullish like if this Doesn't make you bullish I really urge You to research into Bitcoin mining and The adoption because as they get that Having come closer and once that having Takes place it forces miners to become More technologically Innovative it Forces them to find cheaper energy it Forces them to find negative energy Right they want the lowest cost of Production possible to secure that Network and as a technology advanced Guys as we can see here so did the Methods of Bitcoin mining what I'm Talking about right here some mining Operations began to utilize renewable Energy sources as Kelly just mentioned Such as solar and wind power to mitigate Their environmental impact a Groundbreaking development and the Evolving perspective on Bitcoin mining Came with the World Bank endorsement of Its role in methane mitigation in a Recent report the World Bank Acknowledged that Bitcoin mining could Be a major benefit in the efforts to Reduce methane emissions and this comes Right here to Simply Bitcoin looks like The World Bank sit's cruso energy which I talk about all the time on my channel Amazing people they're one of the Spearhead innovators in this industry a Lot of great projects out there uh they

Are directly working with the world Economic Forum they are directly working With the World Bank and some people that Might be a turnoff but the reality is is These people control that narrative so If we can get in and help you know kind Of punch that system that is exactly What they're doing here and the Perspective on Bitcoin mining guys is Evolving from skep skepticism to Acceptance and this guys I'm gonna end It here before we go to the next article Because I can talk about Bitcoin mining And it's very boring but it is so Bullish guys it's so freaking cool Because you have to realize what this Mean any country in the world this is a Solution from the economic Hitman Policies that China and the United States has embedded on all these Countries whether it's Ecuador Mali Indonesia Ukraine Israel wherever ever It is these economic Hitman policies we Continue to utilize and inbt these Nations as a lone shark Bitcoin mining Is geologically decentralized uh and That is a beauty of it it doesn't matter Where their gold Supply is it doesn't Matter what the natural resources is if It's hot if it's cold they can access This network and start to mine and Change their countries and you seeing This with El Salvador now in five years They're going to look like kings in my

Opinion in two years you're going to Have more countries right now I think we Have Argentina Pro President coming in As well this is something that can be Done anywhere Tonga Honduras Central African public they're all starting to Utilize this energy and it's extremely Extremely bullish on bitcoin's price but We're going to move to some ta here so Kelly if you got any final thoughts um I Mean let's just jump in the charts the Charts are looking excited by the way Everybody here I hope you're all having A a a great week and if not I hope I Hope this moments with Josh and I and us Here at Discover uh discover crypto help Can bring some positivity into your day Hit the like button drop your emojis in The chat if you got any there if you're Members shout out to all the members That are here but I want to talk a Little bit first about you talk you you Mentioned gbtc and this chart right here Is essentially this might like what is It just a purple line on it no this is a Premium you have positive premium and Negative premium why this is important Even if you're not interested in buying Gbdc which is the grayscale Bitcoin Trust this is essentially as uh Gary Cardone called it on one of the tweets He put out this is kind of like the Canary in the coal mine right now about Not just looking at the Bitcoin having

Chart not just looking at the market Cycle but looking at this negative Premium what does this mean this Negative premium means that you're Essentially getting more exposure to Bitcoin than you're paying for it's Basically you're buying Bitcoin at Extreme sales it's got all the way down To minus 48% so you can almost get two For one in your Bitcoin exposure on the Gbtc now the reason this is important is Because when we're coming into a stage Right now a phase uh this is like Bitcoin's growing up we're right at the Edge we're not we don't have a driver's License yet it's got its learner permit But you know what we have institutions Not only on the horizon they they're not Going to just start looking now they Have teams of people I'm seeing it in uh Industries across the world they're Hiring teams of developers and uh uh People that understand Bitcoin and Crypto to bring Bitcoin onto their uh Into onto their balance sheets yeah and We have the fair value accounting rules That have changed so now especially in The US they're not going to be worried About buying it in uh February having it Drop 10% and then it grow 200% but they Can only list a 10% loss so so this is It's becoming more attractive and Looking at this chart as long- winded as It seemed this shows you that people

Outside of the active crypto people all Of us DJs here together this is Institutions and the mom and pops and The retail the the interest is coming Back fromus 48 now to minus 9 uh this is Probably a little bit old here uh yeah But we're getting back to that level Where the the retail interest is coming Back in so what does this mean for where We're at right now well Bitcoin is Pushing up edging me I God I was waiting Where are we going we're going up baby Okay we're going up and we this line I've talked about it a lot it's a you Know all the way back to January and We're we're just fighting this is Everybody's fighting to get this up Because why because there are big money Players out there there is smart money There are whales there are there's so Much going on right now that I I I truly Believe they're struggling to not let The price run away before the Z And so we're seeing this chop back and Forth which if you are trading this and And and buying up here and then you sell Down here and then buying up basically Getting chopped out all you're doing is Allowing yourself to donate to people That already have a boat to buy a second Boat so be patient here because this Chop is going to happen a lot but I'm Watching this level right here because No structure has been broken yet I'm

Watching this 395 let's call it 40,000 And if we take this out I do think I do Think we're going to have another Explosive move up into the $ 45 $46,000 Range and the question is going to be do You think we're going to hit that golden Pocket up there the 48 to 50,000 I mean Anything's possible right now we're Watching this max pain price and the Option expiries today so if they don't Go through it shows it doesn't matter if We have Market imbalances or liquidation Grabs below us markets are bullish and The audience and the retail are just Tired of being silenc and being tired of Being pushed back from these Market Manipulators I think that's a big Driving Factor behind this and the Bullishness in these markets you know I I wish I was in the room when when I saw The people that were really behind the Pursuance of this you know of of these Crypto regulations guys you have to Realize these legislators when they're Going after like a CZ there's a lot of Bias to this I talked about this a Little bit yesterday you don't know if They're actually holding a competitive Currency you don't know if they're Holding ethereum or favoring salano or Favoriting uh you know xrp or any of That you have no idea who is actually Pursuing these regulations these doj People can literally be holders in the

Crypto market and or just further Anointing coinbase as Black Rock could It could be right and we don't know what That dark money or what's beyond the Scenes is really taking place but we Know the narrative and that's financial Institutions manipulated Us in the 90s They manipulated Us in 2000s they Propped up the real estate market they Completely printed in trillions and Trillions upon trillions of dollars Through Co we were lied to we were Censored all these different things took Place we're just exhausted and we know The solution uh but back to the charts I'll just keep ranting if we don't no Well I wanted to go back CU you we're Talking about where we're coming into The having and you're talking about Supply what this is what some this it's Going be a little bit of a lesson but we All need to hear this the most important Thing to understand how markets work is Supply and demand yeah the most Beautiful thing in Bitcoin in contrast To every monetary system that's ever Existed before Bitcoin market cap Matters market cap matters and Fiat gets Printed to to to zero always even back When they didn't have printers they had You know coins in Rome and they would Dilute the coins to having less and less And less of the actual the precious Metal that was in it so that's

Essentially print fake money with Bitcoin you have this not only do you Have the programmed reduction in Supply Every four years but we've Al we've also Seen this shift since the third having Back here uh back here at 2020 there's Been a shift this orange graph right Here is there's been a seismic shift Where there's actually uh less available Supply happening over time not only Because of the having but also because More people are seeing the long-term Potential of Bitcoin there's larger Holders uh I think think Bitcoin is Going to be something that people are Going to use for equity in the future I Think that Michael sailor is going to be One of those people that has a huge huge Holdings of of Bitcoin and is going to Use that to lend it out to borrow he's Going to make money on his Bitcoin not Only because it's going up in value but Because it's the best asset ever we're Seeing this seismic shift in addition to Having another reduction in Supply now I Do want to say that there's a lot of Things happening right now we have the Bullish setups for Bitcoin moving higher We have uh ethereum's also looking quite Good we're seeing volume this is very Important volume is agreeing with this Move to the upside so that doesn't mean That we can't get those flush outs to The downside because this is the

Ultimate chop Zone probably more than We've ever had in the history of Bitcoin Because so much is on the table coming Into this next having more than ever has With the institutions mom and pop we are Now in the Zeitgeist of the world yeah People are aware of this so every dip That happens from here I am a net buyer I do want to say you were giving a Giveaway at some point today right yeah So just quick reminder guys uh $1,000 in Cardano is going to be going out we're Choosing the winners Monday so make sure You guys go on the previous video or This video uh and just Spam 1K a in the Chat or in the comments below if you Guys aren in the live stream and Watching this later on uh to enter for That while choosing the wiers on Monday We'll be entering everybody manually so Make sure you guys spam 1K a in the Comments in chat and it is Black Friday So shout out right here we have a huge Deal going on for bitlab Academy join us In the academy you can get 50% off for Three months for the bit lab all access Or the pro this is how you understand How to read the charts how to trade but Also have access to the premium Discord And if you go I'm going to share this in The I'm going to share this link uh Control C in the uh chat here and if you All go and retweet this uh on Monday Show I will randomly draw and give three

People livetime access to bitlab academy Uh so go ahead and retweet that join use That code three for 50 for 50% off for Three months that's what I got there Let's jump back in there's so much more To talk about today let's H it so guys Next up we have the uh uh and famous Tom Emmer guys I subpoena for SEC chair Gary Gendler uh popping up on here crypto's Role over crypto rooll so essentially Tom Embers guys this is a congressman That has been providing an extensive Overview on the current state of Cryptocurrency Regulation and the role Of the US Securities and Exchange Commission let me go ahead and zoom in Here make sure I can get this over to The screen for you guys boom perfect Look at that look at that magic Emmer's Insight comes at a crucial time for Digital currency markets uh which has Seen increased scrutiny and involvement From federal Regulators a focal point of The interview was the potential subpoena Against SEC chairman Gary gendler he is Being attacked while Gary gendler Attacks us there is McKenry and a few Different congressmen and chairman that Are going after gendler and his Involvement in allegations uh with FTX a Major cryptocurrency Exchange Shifting The focus to the legislative landscape Em conveyed optimism about the progress Of various cryptocurrency bills in

Congress notably he mentioned a Bipartisan Bill to prevent the creation Of the Central Bank digital currency Which could mirror the surveillance Tools used in China uh and for you guys In chat really quick uh the fbba which I Work with Florida blockchain Business Association they actually are the ones That passed the anti- cbdc bill so if You guys are in fear of a central bank Digital currency I'm going to give you Guys some Alpha here a little bit be More worried about stable coins and pay Attention to that sector because while Everybody is scared of a central bank Digital currency we've already set up The legislation that that forces if the Feds ever want to launch their own Currency uh they have to sue the states And it would go through legisl all of This uh all of these politics and court Filings and everything and it could take Years for them to ever even be able to Issue such thing let alone States not Just completely Banning them in general So uh you know I'm not too concerned With the cbdc I want to watch out for The AML the kyc the on-ramps and Off-ramps uh as we've talked about a lot With usdc as they pushed out binance USD And competitors from the States you know What I got to say I'm grateful for today On this week of thanks and giving I'm Grateful that uh the shift that's

Happened over the last I would say Predominantly six years yeah where Complete negative pervasively negative H In governments and thoughts and and the Basically the mainstream media Narratives but now the discussions that Happened not just in the US but the World over on the flors of every Different Parliament Parliament Government bodies mainstream media and We have people I'm grateful for people In there like Tom emmer who are taking The charge in some meaningful Direction Rather than just listening to all the The the negative stuff that's out there Yeah 100% uh just Tom please stop inside Trading that's all I have to say uh you Know with our politicians but I agree It's it's this positive momentum in the Markets and you know that is where we're Coming in that's why we're getting Involved with web 3 policies in these Committees CU we are the people and we Need to represent the people you know People are very Progressive Libertarians In in the crypto sector they want free Markets and you realize you have to Realize that in a free market Institutions are allowed to compete too So we need to stand up and start Advocating and speaking out a lot more Loudly actually proactively uh focusing On this so I'm excited for it but guys a 100,000 Koreans to test unfortunately a

Cbdc uh not in the United States with The digital wand so there is Central Bank digital currency still coming out This is why people are very bullish on a Lot of these ISO tokens or tokens that Provide that inbank communication uh but In an effort to embrace digital currency South Korea is set to launch a pilot Program that will enable 100,000 Koreans To use digital deposit tokens uh based On the Central Bank digital currency as Reported by the Korean times this Initiative a joint operation by the bank Of Korea Bach and financial authorities Marks a significant step towards Integrating digital currency into Everyday Financial transactions uh under This pilot project set to commence in Late 2024 for for Christmas next year uh Selected participants can purchase goods And using deposit tokens issued by Commercial Banks functionally similar to Vouchers the recruitment of participants By the central banks uh is expected to Happen around September to October of The following year with the project Running out in three months now the bach Anticipates that a cbdc could Effectively address current challenges Faced by existing voucher systems such As those used during covid-19 or for Government's Child Care Grants uh this Digital approach could significantly Mitigate High transaction fees flow

Settlements post transaction Verification limiteds uh and fraud Concerns now what I want to say about Cbdcs guys there is benefits to them There is Pros there's just also a lot of Cons for example if you guys are going On unemployment and you guys can't get a Job in a high interest rate based Economy because you don't want to go Work three jobs that all pay $12 an hour Each and work overtime and just Completely break your own back uh the Central Bank could essentially be like Hey you know what we gave you this money Uh but it's they can put a programmable Expiration date on it and be like hey You have to spend it within three mon Months forcing you to spend in the Economy which is further fuels and buys News boats like you mentioned earlier For these elitist groups there's a lot Of programmable issues and control over All of your transactions Etc now the Pros to this and we do need digital Currency we need to move away from cash Cash is nasty first and foremost 95% of It has traces of feces on it it's Literally the most disgusting thing in The world again it's it's it's really Hard to track it's not cost- effective It's very bad to print it's very bad for The environment to uh to create and so There is this benefit of global trans Actions and crossb set settlement

Systems and unfortunately even though There's projects like the xrpl or Quan Or XTC that are focusing on these things Even through Bitcoin even through Ethereum uh there's again it's a free Market so if you want a free market that Means all players are going to play and There's going to be this kind of Level Playing Field uh and that's where we're Kind of you know just fighting back back Against all these cbdc challenges um and Yeah I don't know if you got any Thoughts on that but we me I agree and I I just want to shout out because you Know I'm I'm somebody that's that that's Held and traded and I still have some Long-term xrp Quant also at an Incredible price right now but one of The things that I am absolutely aware of Is that xrp and Quant are two great Examples while I like them both a lot Like I think they're great projects to Hold and trade and make money on I don't Have a huge vote of confidence that one Or the other or even either are going to Necessarily endure through when big Banking truly starts getting involved in The crypto we already saw JP Morgan uh Put out roll out their own coin doing You know Bill plus dollars in Transactions a day what's going to stop City Group what's going to stop uh deuts Bank what's going to stop you know the Bank of China what's going to stop every

Bank out there you know because the only Thing that's really holding back Swift And all these other things is the fact That they just chose to make that a twoe Twoe delay to so there's very small Changes that need to be made in the in The current system that will completely Displace the need for things like Quant And xrp so while I like them and I do Think they do have a chance of really Enduring into the future I don't think They're going to be this huge market Share like some like some people are Like xrp is going to displace Bitcoin Like well you don't understand how Supply and demand Works in because two Different levels there already tells you That that's not the case so the the Point with all that is cbdcs are going To be something that's integrated Governments are going to be getting in On this game big banks in the Traditional Finance system is going to Be competing as well once they get their Head yes I'm going to say it out of Their asses and realize that the the Digital blockchain technology is the Most Is the most impactful technology I think That's come around since the railroad 100% I I completely agree and we have a Lot more bullish news coming out today Guys we have silvergate Capital repaying All deposit liabilities in full as they

Close down this does show that you know That was uh sustained for sure at this Point now hand how big his hand is Compared to his head oh right here That's incredible yeah that's uh AI Right there right that's mid Journey Okay it's it's a little bit Disproportionate but what's not Disproportionate is I'm finally repaying Those deposits we have Genesis Attempting to recover $689 million from Gemini in a new lawsuit so Genesis this Comes after all the silvergate issues a Month after both companies were hit with A lawsuit from the nid dag the New York Attorney general uh Genesis Global has Sued Gemini trust and Associated users An attempt to recover over half a Billion dollars so the winlos twins Cannot get a break they you know got Just totally beat down by Mark Zuckerberg now they're being sought After by Regulators here uh which again Is looking for uh alleges that Genesis Global alleges that Gemini trust Received more than 689 million in Withdrawals in the 3 months before the Crypto lender filed for chapter 11 Bankruptcy so more sus things taking Place here but James office alleges Gemini and Genesis Capital inspired on Two fraudulent schemes with their gen Gemini earned product resulting Investors losing more than $1 billion in

November 2022 when withdrawals from the Platform were suspended and dcg digital Currency group uh coordinated with the Companies to perpetuate this scheme the Complaint alleges so we'll see how this Unravels uh if this actually ended up Being true uh I mean I'm just not going To say I would be shocked but of course Guys these are all allegations and Speculation uh so we have to wait for These proceedings to actually take place Um but again we just saw it happen with Binance so it's not something that would Shock Me in the industry and what's good Is we're not reacting to that news at All it's barely even scratch to the Surface Finance legal issues could Worsen as cftc gets more aggressive you Guys should expect this uh if you guys Haven't watched Charles hoskinson's uh Debut which I know it's in here in a little bit We'll get to it but essentially guys What's the next Focus for these Industries as you guys are investing in The cryptocurrencies and building your Portfolios for this next Bull Run you Need to realize what's being targeted Because that's going to let you Understand what is probably going to be The the sides of the industry that see The most amount of volume and Significant gain so right now they're Going after exchanges next is probably

Going to be non-custodial or it's going To be at least uh you know other stable Coin providers which could disrupt tvls It could disrupt uh you know amls and Onramps and off ramps in certain Projects Etc and then it's going to be The hot walls and dexes in my opinion They will probably purs or pursue uh you Know any exchange tie decentralized Exchange quote unquote well you know why That's absolutely a fact because I mean Just like we saw with Jerome Powell over The last two years it's one of the first Times in history I've seen the Government telegraphing exactly what's Happening he says we're going to be Raising throughout this year we're not Going to have any pauses and he did that For a year and a half and now with Janet Yellen she said I watched the whole Press conference and by the way shout Out to the exchange that I've never Heard of bance bance yeah uh bance she Said it probably 400 times uh it's just Like I don't you obviously are not aware Of anything is in this industry if You're calling it bonance but yeah she Telegraphed that her and I forget the Chairman of the cftc were saying that One of the areas that they're going to Be targeting is AML which is anti-money Laundering laws and that that brings Some focus and concern onto the Dex Ecosystem because Dex ecosystems by

Nature in some in some aspects are uh Quite very Anonymous right and the the The no kyc all these different things Are something that dexes are are known For so that that begs the question are We going to have any some any sort of Run again in the Dex ecosystem or is There going to be a shift away from you Know The Narrative of dexes being Something that we truly want to uh be Involved with in terms of an investment For the coin like for instance the uni Token or like what's going to happen to The volume there it I think it's going To see a progression of a mass influx as Binance and exchange dexes get pursued First uh because you'll probably have Non-custodial attacked first because That's kind of the immediate like like a Metam mask right like we're have a Little mini wave from we'll have a Little mini bull market maybe maybe the Last one for the next cycle and a half Or two yeah and you know the cftc came Out and said this we don't know there's Going to be a huge battle against this Guys between the DJ the cftc any Financial Regulators Etc but the CFC Said that they're going to pursue legal Action against crypto exchanges that Violate the country's trade laws Romero Emphasized that operating the US Mark Should be viewed as a privilege rather Than an inherent right emphasizing the

Expectation that all entities including Non- us companies will strictly follow The law now what's really important is That in his statement guys he also Stressed uh the issue of vpns uh and Potentially completely Banning those Making it maybe illegal for even you at Home to even access and utilize a VPN Network because they want complete Control over understanding who consu Customers are Etc uh and just having all Of your information sounds like yeah That sounds like uh little Authoritarianism right there brother but According to recent post by whale wire On X formerly Twitter uh the USC cftc Has also highlighted the far-reaching Implications of the ongoing binance case Uh saying Justin cftc says case against CZ and binance is just the beginning of An aggressive Pursuit uh which I don't Know if he got this from you know he Just decided to push that out but that's Is also going to get into Charles Hoskinson here for the cardano holders And what he tells us later in today's Live stream but substantial risk of Flight posed by ex binance CEO Prosecutors say in a filing seeking to Bar CZ from leaving the US they do not Want him to leave they do not want him To go to the UAE because they can't stre You know seek extradition uh you know And just kind of evade these policies

And laws but Zhao successively swayed Judge Brian uh to his side by arguing That he should be able to go back to the UAE because he already posted bail after Considering these arguments uh the judge Ruled that CZ is allowed to return to His home in the UAE pending sentencing Pursuant to appearance Bond secured with The collateral described above so again Just that story is unfolding we'll keep You guys up to date now here's Charles Hoskinson guys L CZ as greatest crypto Entrepreneur I don't necessar agree with A lot of the things he said in his Fireside chat because he's talking about CZ being this financial innovator Etc And you guys heard yesterday my thoughts On CZ I think you know uh all back Bad Actors are Bad actors and need to be Held responsible uh you know did he Bring a lot of crypto adoption of course But that he put growth versus compliance Which was more of a focus on the safety Of their investors uh 100% that's where They propped up a lot of the value and There's a lot of things early on uh that They need to be held accountable for is Binance a successful business today 100% I don't believe it's going to go Anywhere and I think that they have a Lot of a substantial amount of Revenue And have turned it into a really good Company but that doesn't mean everything That in the past is something that we

Should martyr or something that we Should idolize because this next cycle Guys whether it's CZ or the SEC they Both have their issues and one person Made billions off retail investors Believing in him as someone that's going To help regulate this industry which has Nothing to do with the United States uh And then of course the other side of That is we have Regulators that are just You know forcing uh favoritism on their Favorite cryptos and enforcing actions On people like CZ so not only not Favoritism on their favorite cryptos Only but also favoritism on their FA on Their uh their chosen Industries because If I don't want I don't want to say the Freeletter agencies I don't want to say Some of the things I'm going to say but You can figure it out there's some uh You know there's rugs down here and There's D rugs and there's laundering Money laundering and hundreds of Billions of dollars in the traditional Banking system JP Morgan and uh City Bank and every Traditional Bank out There hundreds of billions of dollars That are known to be money laundered Profits from those drug trades out there That is sanctioned by the US that's Sanctioned by you know what I mean by Sanctioned they're allowing it it's been Going on for a long time because it's a Chosen industry they have partners with

That's allowing them to profit on it so It's just it's just pretty crazy chat Here saying he sacrificed his freed for I just I just I mean I would say yes and Just like no you know I'm not going to Idolize it but you know there is what it Is but either way guys uh CZ or Charles Hoskinson uh kind of said what to expect In this fireside chat following the Eventful week that we saw binance pay $4.3 billion fine to the US uh and plead Guilty for criminal charges which is you Know where I I don't leave that out uh The card founder founder recalled the Days when people traded Bitcoin with Spreadsheets and used not so friendly Trading platforms such as Mount goau and Local Bitcoins rating cz's position Among other entrepreneurs who have Worked in the cryptospace hosit and Admitted he was one of the greatest Entrepreneurs of our time in the Industry the cardano founder believed That CZ rightly earned that title A as Binance under his perview moved Trillions of dollars worth of value uh And actually right here he calls this This is the end of the article but he Actually goes into let me scroll down Actually might not be the end of it it's The end of the era so there's a little Bit more here so calls it the end of an Era and what Charles hoskinson warns his Community is the progression of

Regulation it is the progression that Hey the old times that they were using Which was growth before compliance is no Longer going to be a thing it's going to Be compliance before growth and we need To start innovating and building tools That make sure as he mentions Decentralization's a scale he says this In a video a a topic that all a lot of These great innovators and I I believe Charles hoskinson is 100% Alle Legend in This industry you know a lot lot of the Industry was propped up about Decentralization breaking away from that Government com you know completely Cutting out that middleman and we have To realize that this is a complete scale As I mentioned earlier in the Stream This is a free market institutions can Come in and he's building a product that He talks about in it called Midnight uh I haven't looked too much into it but we Have to do things and innovate to make Sure that institutions don't come in and Monopolize this industry so the three Things guys here the three RIS that you Need to watch out next cycle uh and Charles hoskinson's perspective were hot Wallets of course exchanges uh and I Believe he said that decentralized Exchanges as well uh being targets from Financial regulators and you know I I Think that some could argue that you Know this this this idea that and you

Know it's brought up in in the doj press Conference as well and the evidence they Had against him is that as compliance Officer was basically they're having Conversations and it's better to ask for Forgiveness than it is to ask for Permission and I think one of the things That I do want to give CZ credit for Here is that I don't think even if You're on the other side of this and Think CZ did all all these bad things I Think what people are failing to realize Is that this is such a new asset and Such a new asset class that it's very Similar to when uh cars started becoming Available for instance in the UK and There was this worry uh you know when They had regulations for horses and cars And all this kind of stuff that all of a Sudden in order to have a driver's License and to own a car in the UK you Had to have three people walking with Flags in front of your car you had to Have an engineer in the car they're Basically regulating it into you had to Operate it very similar to where it Would it would not be even as effective As just having a horse so it was a Different type of Machinery it was a Different type of technology and then What happened very soon after that was That regulation went away and so these Rules that were in place from the Legacy Uh technology of the day which was

Riding a horse all of a sudden became Irrelevant to a car I think I think in Some ways a lot of people that really Understand blockchain and really Understand especially Bitcoin where Expecting that as these government Regulators started looking at this they Would see how different it was so Although these rules do Loosely exist For the traditional Finance system there Was at least some hope or speculation That clearly there's going to be a Different set of Regulation that's going To be developed for Bitcoin in the Crypto ecosystem so I don't think CZ was Just trying to break it and then ask for Permission or ask for forgiveness I Think there was some expectation that do You not see how brilliant this is this Needs a different set of regulations Yeah and I I I do think there's a side To that so my perspective is this and I Think this will make it a little bit Clear for my thoughts and how I think Guys and for you guys that don't know I'm Joshua Jake I'm here full-time now As a Creator I'll be moving out here in January helping host these live streams Uh but is it's it's honestly just late Stage capitalism at this point and my Issue with it is that CZ is a guy that Came into this industry saw this Innovation uh but unfortunately he came Into a system that was already broken

That was already corrupted there was no Regulation there is no clear path Towards regulation uh and of course you Know this is years and decades of what Have led up to this process the lack of Clarity the lack of Regulation the focus On lobbying from our politicians and Institutions monopolizing the industry We went from hundreds of government Contractors for military to five right Boen Boeing rathon lock locky Martin Etc Same thing with pharmaceutical companies Same thing with insurance companies same Thing with real estate compan it's going To consolidate again I believe in crypto And that's kind of like my perspective Is this and maybe it's a millennial Thought process is you know that's what I want to change people that are going To be leading innovators and thought Leaders and critical thinkers in the Space I I I can't prop up and hold Somebody as a messiah that was still Committing illicit activities and Knowing so when they could have and they Knew and understood that this industry Was already corrupted we need to make That better we need to pursue that and It was this you know is there a benefit To what they did and bring that crypto Adoption in of course of course but that Benefit in that road they decided to Choose 100% you cannot argue this there Is definitely thousands if not hundreds

Of thousands of people out there that Lost and lost money you know refinance Their homes Etc because of this road That we chose and so that's kind of the Next progression that's the next era I Believe we're evolving into crypto and I'm very bullish on this because I think We're molding out of that skin we can't Have the same repetition of crypto Influencers in 20121 or 2017 with my Years of experience in crypto guys it's Like we can't have these people Completely being VC PS popping up these Security tokens advocating for some 17-year-old kids nft project that's Anonymous lives in his mother's basement It's going to totally pull the plug on You know we need to approach that right Crypto adoption the right crypto Education and we need to start Representing ourselves because nobody's Done it for the last 50 years so that's That's kind of my head at that I got Something here too yeah go for it Brother all right so oh yeah here this Is all jacked up so all right the time Frames though you got to think about the Time Frames uh November 15th the Pentagon Failed its sixth audit for 4 trillion Dollar and the doj all of a sudden has This hill to dance on that they took out The big Batman CZ while all this is Going on and additionally black Rock's

Meeting in the background with coinbase And the SEC on the the spot ETF approval It just seems like they they uh they Have a very clear uh control and Demolition plan that they've executed And now they're going to dance on a till For a while um I'm a fan of the power of Decentralized problems you know being so Decentralized that it's hard to regulate And I think they were on the cusp of Being there um you know so there's that To keep in mind you like you have to Have the infrastructure to actually gut The systems if you intend to do so so Yeah and that that's why we're in crypto It's what makes me incredibly bullish on Bitcoin and the technology and the AI And all of this that is being built in Layer ones and layer I'm excited for the Tech and that's actually you know some People might think that's like fearful It's like scary it's like no I just That's that's the way I view the world This is the solution to a lot of these Problems it's a solution to fractional Banking it's a solution to corruption we Just need to make sure that this time in The same free market I believe in free Market that we make sure that these Institutions don't come in again and and Monopolize the industry but this leads Us into the next article here guys that SPF housed with ex Honduras president in Jail is trading mackerel and G giving

Crypto tips so SBF guys went from Trading customer funds to trading up Fish for haircuts in prison uh the Newspaper said that bankman freed Bankman fried curly-haired Q-tip dirty Looking uh anyways been placed in a Dormatory with Juan Orlando hermandez a Former Hondurian president who is Awaiting trial over acceptance of bribes For drug from drug traffickers both Appear to be on good terms and Hernandez Lawyers said that the two inmates have Had cordial conversations um The Wall Street Journal said that bankman Freed's Difficulties in accessing vegetarian Meals and ADHD medication in prison it Has been resolved so guys he's getting His his uh you know his his nice little Uh kale and his little asparagus and He's got his uh ADHD uh I don't I don't Even know what medications for that uh Cucumber I I feel like a a a AG like a Jail cell would be the perfect cure for ADHD CU there's not a lot to look at and Focus at so true maybe's just going Crazy in there but either way guys That's funny and uh you know again Though I I don't put it all on I don't Put it all onf I still think there's a Lot of people behind the scenes that Need to go with him uh but still hey ha I mean I completely agree I just I you Know how focused do you want to be when You're Yeah question yeah exactly

Exactly uh but we need to see his Parents in that box too guys moving on Here we have Montenegro Court clears Path for dwan's extradition to us or South Korea another Fallen uh scam Artist essentially that developed the Algorithmic stable coin which is why I Keep warning you guys about Justin sun With usdd because he also launched a Stable coin algorithmic wise right Afterwards and I do think that's the Next one to go but guys Quan expressed Consent for extradition to South Korea The courts couldn't Grant this request As the decision relied on the International law us authorities Established uh establishment of the Legal basis of extradition influenced The Court's decision on this destination Uh and guys this is just good for the Industry I think the prosecutors going After this is is it is actually healthy Guys this is going to clean up the Industry and make it a little bit safer But again we just have to make sure We're standing our ground and don't Allow these Regulators to enforce this Regulation there has to be a balance Here moving forward uh getting into some Altcoins here though guys I'm excited so What are modular blockchains uh you know That is a big word here this is Celestia A product that was pumping pretty Massively here over the last few years

But this is a blockchain ecosystem guys This is how you need to pay attention And research in these crypto markets Moving forward guys if you want to make Money in crypto a lot of the times you You really have to be early and so a lot Of these people that are coming in in 2021 or 2023 that are newer crypto Investors they're going to look at chain Links and xrps and top projects and say Oh well this is a dollar token it could Hit 30,000 like Bitcoin and the reality Is no a lot of us that made 50 25xs in This last Bull Run or the last few bull Runs you know we got in at these Products when there were just a few Million dollar market caps or maybe a 100 million Max and we saw the grow gr From 100 million to multi-billion Dollar Token price and so you have to take that Into account when you're moving into This next this next run and so this is a New industry new emerging Tech and just Like we had layer 2os layer ones metav Versus Trends there's always a narrative And this is one that's kind of expanding On these ecosystems many developers guys And researchers have committed countless Hours to creating an ideal framework for Their native token networks many of These networks are based on the original Blockchain design approach which one Chain handles everything otherwise known As monolithic blockchain I'm going to

Kind of Veer away from the tech make This as simple as possible for you guys But modular blockchains can specializ in Four different functions execution Settlement consensus and data Availability uh execution processes Transactions uh stuttering there but Settle secures the transactions of Destination a lot of s's there and Consensus validates a transaction's Authenticity and data availability in a Public storage of transaction data so What that says right there data Availability these are like oracles this Is new technology and as we innovate in The space a lot of these underlying Bas Layers are going to have the access the The storage and everything that they Need to operate unlike an ethereum that Needs a bunch of layer twos and all of These you know extra entities to help Provide that data and consumption to These change well it it kind of reminds Me of a different take on the the avax Model you know because avax has a split Three chain yeah three chain so so they Can change so they can basically funnel And segment the different types of Transactions or different types of Processes so you don't bottleneck Different types of transactions or speed On chain addition to also just all you Need to do is pop up another node and You you can scale nearly infinitely for

The speed there but this this is seems Like a the next Evolution that and That's one of the things all you all you Need to realize as much as you may like A certain chain this this space is far From being done growing so you might Find something like this this this right Here this chain right here wait six Months you're going to be something That's going to displace it with better Technology this is this is why we Diversify guys and you know it's funny Because Bitcoin coin was like pouted as This old like old disgusting technology For like ethereum and and 2017 icos Right that was like Bitcoin was old then In 2021 all of a sudden ethereum was old Tech and now in 2022 or 2023 or 2024 Maybe layer twos are going to be old Tech we have ZK rollups and all these Narratives but you realize that a lot of These products do perform very very well Guys and that's why you need to Diversify but here's some pros and cons Guys so modular blockchain architecture Thetic provide some major advantages one Of course guys scalability uh two they Can be more challenging to be uh build On compared to monolithic blockchains uh So that's actually the negative there But modular based lers are also designed To be highly flexible and promote Interoperability amongst other layer Ones and layer twos still a

Functionality that's really hard for the Industry there's a few blockchains out There touted as the internet of Blockchains uh but you know it's still Not this smooth process if you want that Mass scale adoption for uh D Decentralized applications built on These networks you need your grandma to Be able to just log into a phone and not Realize on the back end that application Is commuting communicating with you know Every other system out there in the World or a metaverse right you should be Able to go into metaverse and not have To bridge you know my nfts or tokens Over for 45 minutes it should be a Smooth seamless project and transition And that's what we're moving towards so Uh next up here guys we have optimism op Let me know if you guys hold this in the Chat guys let me know what your favorite Layer twos and layer ones are for this Next Bull Run here uh optimism price Increases reaches pivotal level and can It climb above $2 uh the op price has decreased under a Descending resistance trend line since It's all-time high did not break out of This key horizontal layer where there's A massive order block looking to be Filled here you have a thought on that One I mean yeah I have I pulled up the Chart as soon as we pulled up the story Yeah there's two order blocks that are I

Mean we're we're dancing right inside of It right now yeah um and I do think it's And I hadn't done I have not done TI on This in probably four months and as soon As I opened this up I already had that Line marked out the $2 level from Previous price action it's the previous Lows so it's it is a necessary sort of Next step when price does get up into This Zone I'm not going to be surprised If this does reject first find some Support and then continue through if it Does just blast through I expect if we Do come back down that it will be pretty Strong support but uh it is looking like It's trying to set up to push higher but First step is we can't if until we clear The doll9 area we can't obviously it Sounds like John Madden here what we Need to do is move the ball forward yeah Of course uh we need to break this Previous high before we start look into The $2 and Beyond definitely definitely But anything's possible again here guys You have optimism base you have so That's like this is the ecosystem right Now from coinbase that's being talked About a lot heavily so you know just pay Attention to all the Bitcoin layer or Not Bitcoin layer twos but any layer Twos and all coins out there layer 2 Network blast comes in third largest Holder staked ethereum amid pyramid Scheme allegations these continue to

Rise guys blast a new a newly introduced Ethereum layer 2 Network promising Native yield on ethereum and stable coin Holdings swiftly secured the position of The third largest holder of Stak ether In just three days post launch according To an data guys if you don't know where They yield comes from run away from it Okay if they cannot tell you why there Is yield being generated look guys these These systems need Revenue the miners The validators they need transactional Revenue to continue to support that Network so if there's any yield or Reward system just ask where that yield Is coming from ask where it's being Generated uh and seriously if you're Past that 5% Mark 5% apy just know the Risk factor just it's it's going Skyrocket there's a common phrase in That if you don't know where the yield Comes from it's it's from your liquidity It's from you it's kind of like this This greater fools Theory but you know There is functionalities out there with Like defi Landing protocols and Providing liquidity to networks where You're going to get these rewards and These apys just make sure guys when you See any of these new emerging things I I Was in 2021 I did the uh I went into the Mcoin trend for a little bit and I was I Did like the Olympus Dow the time Wonderland all those things that just

Blew up on avalanche's networks none of Them are around today uh and it worked We made tons of money but like then There's inevitable collapse like a Cascading effect because it turns out That you know they're all onomics don't Work so just be safe if you guys are Playing in these categories uh Personally again you guys might have Different thoughts I just I look at These as very high risk allocate a very Small P portion of your portfolio this Is the this is the type of token that You know in my opinion when you're going Out to like have a night out like Calculate that and if you're not going To go out that night and that's why you Want to use the trade you know you kind Of go for it yeah and it's one of those Things it's not something that you just Throw in like you think of it like a Savings account and I'll check it in Three years because the likelihood in Terms of you see the percentage of how Many of these have failed it's like more Likely than not not even be around Anymore and you're going to lose all Your Capital so rotate your Capital into Your long-term hold profits into Bitcoin And ethereum or your own remember if You're in this market and you have only Profits on paper and you never take Anything out to to manage your life to Buy your wife or your mother or your

Father a gift or to pay for life's ne ne Necessities then what do you even making Money for if it's only gamified where You see it on a number screen once and You take a screenshot of it the next day It's gone Rotate that capital and speaking of uh The compliance guys D5 protocol spool Rolls out compliance Focus V2 to court Institutions uh so defi protocols guys I'm very bullish on defi uh they are Starting to pursue that compliance there That we've been talking about all stream You have Unis swap guys price Skyrocketing as unop governance proposes More voting power uh and of course this Is uh you know just bullish in the sense That it's more delegation more Decentralization representing the you Know the not only that the community is Driving and growing bigger through Unis Swap but Unis swap is also going to get A lot more inflows uh just due to the Binance F we keep talking about this as Binance's uh you know BNB and pancake Swap continue to kind of be flooded by These networks you saw a lot of that Capital flow in towards these networks And I think Dex is still going to be a Huge moving Factor this year we have Pyth here guys we talked about this a Lot at the beginning of the stream Skyrocketing 28% after a very successful Air drop uh and pyth guys this is going

To be you know launching against high Expectations immediately captured the Market's attention and initially debuted With a a market capitalization of $765 million guys this this right here This is Bull Run activity this is bull Run this is Bull Run momentum you do not Have products launching at a near Billion dollar valuation uh you know in A bare Market it died down massively Immensely uh you were getting you're Lucky to see a meme coin go from like You know 0 to 500k when those things Were going from like zero to like two Three billion doll in a bull run um you Know I'm kind of like spraying there but We have uh pyth here guys air drop Strategy was a master stroke kind of sus Distributing approximately 250 million Tokens to its early adopters this move Rewarded loyal users and strategically Placed over $77 Million worth of pyth Tokens into the market huge impact guys Here uh continue to expand reach uh High High Fidelity data streets well this is Just looking like it's just going to Continue to move a little bit higher as We're in this bullish Trend here and of Course guys this is that Oracle play We're talking about providing data to New excuse me to Perpetual contracts uh That Starbucks is kicking in the Perpetual contracts uh with synthetics Here uh next up we have Sony will use

Blockchain technology entertainment Industry baby let's go based on the Collaboration with Asar Network and Sony Network communications a selection has Been made by only 19 projects out of More than 200 applications with this Collaboration the companies will work Together to develop a new blockchain Platform bringing a new Revolution to The entertainment world uh I'm excited For this and I've been I've been Speaking about this for a very long time I'm waiting for your your uh you know Just web 2 companies whether it's a Disney or it's going to be a Sony or Lionsgate whatever is deciding to come Into this Market just building their own Blockchain systems they're probably Going to be more towards that Centralized perspective but you know We've seen it in the past like Gala Games right this is a really big Studio That was trying to pursue the music Industry trying to pursue the film Industry also trying to develop games at The same time and I believe they're just Doing way too much you know it's it's That saying that doing too much uh it Could be too little and doing too little Can be too much and it's like at the end Of the day we don't necessarily uh you Know see any positivity coming out of This as they've been inside trading uh Customer funds for like uh the private

Jets they had the whole issues with the Nft scandals and so I've been just Expecting this guys and it is bullish For gaming it's bullish for the music Industry it's bullish for the film Industry I'm really excited to see what They're going to come in and build here And this is going to be a part and with The Asar Network which is extremely Bullish for them uh Star taale Labs a Prominent layer uh we have go for it Prominent layer in web 3 space is Partnered with Polkka dot based Aston Network and Joints entainment giant Sony For collaborative blockchain uh so St Star Star taale Labs join forces with Sony uh and they're looking to establish An Innovative blockchain system guys Here through a $18 million investment More bullish activity bullish for the Decentralized film industry Decentralized music industry Etc uh and Then wrapping up here guys we do have Well that was actually The Last Story Here today uh so we're going to take Some Q&A uh just to catch this up guys I Saw a lot of questions in some people Are asking me about the IFC I will not Be fighting the IFC guys you know I'm Obviously doing crypto RS plus with George but actually I'll be moving out Here and I was actually anticipating it I might be one of the influencers that Really instigated this fight to actually

Happen at an event here a few months Back but unfortunately uh the fighter I Was talking to and the people that you Know we were involved with there wasn't A competitor and now fortunately enough Guys I'm joining the team here full-time I'll be in Europe I'm doing a lot of Traveling and I'm going to Capitol Hill So while a lot of these influencers are Just Bo boxing up there you know looking Kind of lame except Rodney shout out to Rodney love you man I'm I'm excited for You to watch you uh I'm going to be Actually talking with some politicians And congressmen and pushing for web3 Policies at Capitol Hill around that Same time so I'm excited for it well you Know what there's uh some entertain some Uh crypto influencers out there that are Only in this for the entertainment Aspect of it we're here discover crypto Trying to bring True News true thoughts True be thought leaders in the space to Break down what's going on to bring uh To all you now I do see a question here Uh from CMG I can't remember where his Name is uh basically is asking about Selling I thought we never sell diamond Hands well the truth is here's the deal Taking profits doesn't mean you have to Fully take money out of the market you Can rotate meme coin profits into Bitcoin you can rotate uh you know if You have profits on some smaller altcoin

That's that's pumping say Caspa Caspa Had hu you know huge profits if you took Zero profits whatsoever out of that be Ready and okay if it does go to zero but Also be ready at some point to rotate Capital into another asset to to Diversify to allow profits from one Portion of your portfolio to help Broaden your diversification and have a A broader uh exposure to the market to Put yourself in a better safer position In the long run what what are your Thoughts on this idea of diamond hands Never sell I don't follow that at all Anymore yeah guys again coming from just As an influence industry for years at This point it's a lot of these products At pump 90% of the price valuation just Comes completely from speculation and Marketing so you know I have something I Call it the VC strategy I follow a 5025 25 rule that I actually learned from George way back when from crypto RS and Shout out to them I am excited for the IFC and everything by the way guys it's Going to be one of the it's going to be A really fun event fun to watch uh but You know for my portfolio I've Restructured that idea a little bit Where 50% and this is kind of just Because of how long I've been in the Market is Bitcoin eth and then polygon Madic which kind of fell into that Category just because of the gains the

Next 25% is just really your large caps And midcaps that's going to be my 500 to Billion dollar tokens up to around 10 Billion and I'm diversifying into Another five six of those tokens but the VC strategy of this comes to the 25% of That portfolio that last 25% where you Know a lot of people disagree with me on This but I've seen it firsthand from the VCS and how they move funds and Market These tokens out here I might be super Excited for play to earn gaming but the Reality here is guys I'm if I like one Project in that industry and I want to Go all in I I don't ever go all in on Like one play to earn game if I even Love it I hate every single one I'm Still going to diversify my funds into Like three four or five of those Projects just because it's the VC Strategy you don't know which one's Going to grab Twitter you don't know Which one's going to go viral you don't Know which one's going to have a massive Partnership with the Sony or anything Out there uh because obviously that Would be inside trading if we had that Knowledge so it's like know you want to Be Diversified in that and that last 25% I'm choosing three or four categories in That industry one of my favorites is Going to be Bitcoin layer 2os as well as Decentralized science which shout out to My community everybody in the chat I've

Seen a few people talk that or from our Discord uh you know we've seen like th% Gains at this point over the last year From that and that's because we were L Diversified into the ones I didn't like I was like you know we're just going to Shoot money into these just a little bit And you know of course that VC strategy Is now allowed us to exit and then Reaccumulate more in that 50 and 25% so I agree with you diversification is key Uh and you got to treat this as like Don't be in it for the tech ever if you Can learn one thing from years of Experience in crypto is it's never for The tech or else you know Bitcoin would Have you know again the most Misunderstood asset in my opinion which Has been marketed as as bad technology As slow as bad for the environment is Turning around 10 years later the oldest Crypto the safest crypto the most secure The best commodity on the planet um you Know of course that's kind of the ideas I have running into this yeah and it's Good to remember too you have to adjust Your strategy and account for the Different type of asset and how that Asset fits into its unique ecosystem for Instance yeah there's different types of Stocks and different things you can Trade uh on the traditional Market but You're not going to hold Chipotle the Same way you hold gold you're not going

To you know what I mean you're not going To hold Tesla the same way you hold some You know GameStop right these are They're they're they're traditionally Traded assets but they have different Long-term uh projections and also market Shares and also Authority within the the Different types of initi they have so I'm going to tra I'm going to treat my Bitcoin with a different type of Strategy that I am going to treat near And I like near protocol I'm going to Treat avac different than differently Than I'm going to treat ethereum I'm More likely to take profit out of avac And put it into ethereum because there's More of a likelihood because of the Strength of market share with ethereum To to endure long term than avax will And I love Avalanche but I'm going to Apply different strategies based on not Only the market cap but what is the Authority they have in the niches that They carry yes exactly and someone asked Up here we had NCR Legend what about uh R weave and price prediction uh you know Rwe again you want to just decentralize Your portfol well centr but diversify That uh portfolio so I'm going to pull It up here for you the token's going to Be ar guys it's up quite a bit here on The annually and yeah there you go thank You for going full screen on that 99% of The tokens in circulation uh and this is

Going to be a project uh that I believe This is going to be this isn't the Oracle this is going to be a Decentralized storage Network kind of Similar to filecoin 100% it is Describing itself as a collectively Owned hard drive that never forgets the Network primarily hosts the Perma web a Permanent decentralized web with a Number of community-driven applications And platforms so if you like the like Decentralized storage uh industry Decentralized storage and scalability Solutions are much needed ethereum and a Lot of these layer ones would not be Able to prosper without them and this Goes into that that that perspective a Lot of people that you know super big Fans of filecoin uh you know saw Billions of dollars in gains over the Last few years there's now more emerging Competitors and it's the same thing with Chain link xrp Maximus cardono Maximus Salon Maximus ethereum maximalist it's Like guys these are now billions upon Billions of dollars and you have to ask Yourself you know these people are Advocating for 20 30xs and we're now at A point where a 20 to 30X would mean a Lot of these networks are either the Same value as a Mastercard or VISA or a Newvia or you know uh you know just Massive massive massive companies and You have to just ask yourself is there

The revenue and the speculation that can Prof it up here or retailers going to do What they always do and get marketed to By VCS and VCS are going to take now the Billions of dollars they made and pour That now into a ton of other altcoins That's why guys VCS take profit and then Diversify into another 10 then take Profit and diversify into another 10 V Win because they are the beginning they Are the investors they're the early Investors they're the the pre Pre-allocation right and then they pay All the influencers all these companies Fox new all these all these multi Mainstream media companies to pump the Price of that token up they make a ton Of money they exit on you guys and they Rinse and repeat that process nine out Of 10 10 out of 10 times so that's you Know that's just the perspective and I'm Kind of going off there but so I want to Show uh before we wrap this out here in A second just to you said you wanted a Price prediction we'll look at our we This is a great opportunity to Understand how to look at these charts I Got it up here on the if you want to Throw it out there really easy way if You're trying to figure out where's Price going one it's always gonna go one Of three directions and you hate to hear That up Up and Up Up Up Up and Up Up and Away now so it could go up down or

Sideway right so how do you how do you Know where it's going to go looking at No other technical indicators look left On the chart we're coming up right into This order block Zone which is also the Previous highs if we do retrace I'm Looking for it to come down here to this Six uh this 625 Zone which also is an Order block right in this uh area right Here Alt J it's right in this Zone $7 if We do break up the next level we're Looking at is up here at this $13 Mark And it's more likely than not that if we Do break up into this Zone first off of Course we need to break this 943 if we Break that looking at the $13 range and Likely retrace somewhere down into the Zone back into the T $10 range and then I mean this is a newer project and I Think that because of where we're at in Market cycle and you just set it Perfectly allcoin has proven to be a Build a great ecosystem our weave is Growing like crazy and not only you have To realize it's not just a Project's Self growing but you have to see as the World becomes more digital and as we're Things take more data you can also look At the projective growth of the need of That type of Project's uh utility and The need for the utility of these Decentralized storage assets like R Weave and filecoin is only going to grow Over time and so not only is the

Community going to grow with it but you Can also expect the price to go up but It's going to chop along the way so it's Not going to go up only this does look Very bullish in the long term and I'm Excited for this yeah I agree but guys That's what we have for you guys today I Know it's a Thanksgiving weekend so we Appreciate everybody for tuning in today If you haven't already make sure you Guys check out the hit Network merch Guys we got amazing discover crypto Merch out there uh of course we got the Bit Labs with the uh the the the the Giveaway you did today do you still have That pulled up here I want to shout it Out one more time yeah yeah shout out It's up in the PIN tweet but if you head Over to bitlab academy.com you can sign Up there for the bitlab all access or The bitlab pro which has the you know They both have access to the premium Discord to the uh courses but then the Bit laap Pro also has indicators on this Right here if you uh the the link is Right here in the in the description but If you just go to bitlab academy.com you Can also put in this coupon code three For 50 that's 50% off for three months Come and join us get involved in our Discord join us uh in and basically Investing in yourself best investment You could ever make so you can look at These charts and draw those road maps

For yourself trade effectively and be a Part of our community and that's what we Got for you guys today thank you so much For joining me today Kelly chat we love You and we will see you guys this Monday