21 Burst results for "Jeff Ross"
Tech Path Crypto
"jeff ross" Discussed on Tech Path Crypto
"You brought up the S &P 500. The S &P and obviously the NASDAQ are driven heavily by basically the mega tech sector, right? The big tech stocks. They're the majority of the gains right now and everybody is still kind of hyped about AI and things like that. Those stocks tend to do well in basically any set of economic conditions except when we have slowing economic growth and slowing inflation. When you have that one-two punch, that crushes tech stocks. Right now we don't have that. We have more of a stagflationary type period and tech stocks can actually kind of hang in there during a stagflationary period. So that's how I would explain that with the market. Looking at the chart, I look back all the way into March of this year and even to where we are trading at right now at about $44.70. That's up 16%, 17% right now on the S &P. So with that being, I mean, because some people would look at that and say, all right, this does not look like a recession is coming. And you look at the indicators that we've had an extensive pressure from the Fed in terms of raising interest. Now you've got money market funds paying out considerable amounts of literally no risk yield. When do you think that strategy is going to start to shift for what's happening in the market right now? Because there's so much liquidity that's starting to come offsides here. Do you think we'll see maybe some liquidity come back into the market? Do you think everybody's going to continue to push for staying in these very conservative plays, whether it's money market or some of these bonds? I still think there's going to continue to be that real strong pressure to move to the left, move to the safe end of the risk curve, as you say. It's so enticing for people to get a basically perfectly safe 5% yield on these short term T-bills or just move into money markets. Money markets, which are kind of based on these T-bills, they all have this sort of 5 plus percent rate. That's very enticing to a lot of people. And so liquidity, I actually don't see a huge slew of new liquidity coming into the markets anytime soon. I think that's the last thing that Powell actually wants to do. And I don't think that they're going to revert back to flat out QE until their hand is forced. Basically until the markets seize, maybe there's some kind of more cataclysmic style event. And I would expect that to come from the commercial real estate and regional bank sector, which are intertwined. If something like that happens where it's a massive seizing of markets, then they would be forced to come back in and start doing QE. But until then, I don't think people should expect any type of significant liquidity. I think we're going to continue to see at best this crab sideways, choppy sideways movement in liquidity. And we've been, by the way, just for people who may not be aware of this, net liquidity in the United States is basically at the exact same level as it was back in April, late April of 2022. So we have been in this sideways crab market for quite a while. And I think we're just going to continue to see more of the same. Jeff, what do you make of some of the data that's coming in on U.S. commercial bank deposits? This is a good chart to kind of break down from Joe Consorti. And he hits on all the markers here, which is declining and flight of capital moving out of commercial deposits, which means that companies now are starting to park in these money markets. We're starting to see that kind of movement, which, again, starts to put a lot of money on the sidelines. Where does this stop? And how much more pressure are we going to see on the banking system around things like this? This continues to put a ton of pressure on the regional banks. I'm not worried at all about the major banks, the behemoths, the big four or five. They're going to be fine. This doesn't really affect them very much. It doesn't affect their bottom line, even though they are losing deposits, too. This really does affect regional banks. Americans aren't stupid. They can only put up with earning 0.1% in their bank savings account for so long before they start asking around and asking other people what do they do. People are starting to move them to brokerage accounts and putting them into money market funds. And even some of them are using treasurydirect.gov and they're buying T-bills. They're buying these 5% rates on these short-term treasuries. And so that's just what's happening, and that puts a ton of pressure on these regional banks. I think we're going to continue to see, in fact, increased usage of the bank term funding program and other emergency liquidity measures or spigots that the Federal Reserve provides for these regional banks. But again, all they're doing is continuing to kick the can down the road and at some point it will come to a head. And I think as the flight continues, I think we'll see more of that. I think we're going to see more regional banks struggle. I think we're going to see more of them using these liquidity patches that the Federal Reserve is providing. But we're definitely not through the woods yet. And as 2024 hits and more companies are forced to try to recycle their debts or roll their debt forward at these much, much higher rates, a lot of these businesses are going to start going down. We're going to see bankruptcies, I think, significantly increase in the coming 12 months. Well that's the one area that really concerns me is when you look at the potential. We've already seen a rise in the bankruptcy numbers to an escalated point that we haven't seen in probably a decade or so. And back to your point, when you continue to see a lot of pressure here because now you're talking about credit pressure, especially with small business, which really just creates another vacuum in the job market. And then we see those lagging indicators really start to pressure against the markets in general. And I don't want to be all doom and gloom here because I think there are some opportunities. I want to jump to kind of the next chapter here and that is talking about ETFs. And as we see some of the ETFs starting to flow into the market, obviously we've reported I think quite a bit here on what's happening with BlackRock, what's happening with ARK and many of the others who have really put themselves in a good position maybe to get an ETF approved. But what's new is the dates. Right now I'm looking here at the current dates. And if you look at kind of some of the scenarios that play out right now, you've got the iShares, BlackRock coming on October 17th. So that's here just around the corner. Also pretty much everybody, Van Eck, Bitwise, WisdomTree, almost everybody with the exception of the refiling by GlobalEx. So with this being the case, do you feel like this is the time in which Gensler might take an opportunity to go ahead and say, all right, we're going to go ahead and do a sweeping approval here? It's definitely. I hate making these predictions, because I can't get into Gensler's head and who knows what he's thinking. I know he wants to delay it, it seems like as long as possible, but there's a lot of mounting pressure on him and it just continues to build and build for him to approve these. And his excuses are getting smaller by the day or by the week as new news comes in. I don't like to make a conjecture. Could he approve them? Sure. To me at this point, it's about a coin toss. Will they get it all approved? I do think, by the way, to your point, they all will get approved within probably a week or two of each other. I think it's just going to be kind of one huge batch of approvals. If they do, I don't really see any major advantage to anybody as being the first mover. I think we're going to see quickly within three months, we're going to see maybe 10 to 15 of them being approved. And so it's just going to be whatever people, whatever product people see that has the lowest fees, things like that offers the best service. Will he do it? I don't know. If he does, I think it would provide a nice impetus. I don't think it is the impetus. Again, I just believe that liquidity is the lifeblood of markets. And if there is no underlying liquidity support, especially in an economy that's trying to grind to a halt and we're heading to these stagflationary conditions, I don't think anything is going to boom. So if we do get a big spike, say Bitcoin does get approved, we get these spot ETFs approved, I do imagine we would get a short term spike, but I would be concerned that it's going to fade quickly and head back down to lower levels. Yeah, this is kind of my position is with ETFs in general, especially a spot Bitcoin ETF is the timing of the market may not be perfect if in the case of where he's going to have to make a decision at some point, maybe even as early as Q1 of next year. But even at that point, we could be in a much deeper and more dire position economically that would only dictate a little bit slower action on an ETF for Bitcoin. Now, granted, it might be a great opportunity for BlackRock and others to be able to enter in some very interesting spots in terms of Bitcoin as a value. Additionally, you've got some other things happening in the ETF space. Here was James Safer from Bloomberg coming in. Hashtags is filed now for a spot ETH ETF joining ARK Invest and also VanEck. So now you've got Ethereum at the trough as well. Do you think that we could see an ETH ETF spot maybe come out at the same time a Bitcoin ETF spot comes out? Or do you feel like that's going to be more of a strategy for them to be longer down the line? Yeah, I think it's possible but unlikely, mainly because Gensler as the head of the SEC, he has cast doubts about Ethereum. He sees Bitcoin as kind of his own separate asset as a commodity. It's basically energy money. And then all of these other proof of stake cryptos as being, as we all know, right, he deems them securities, whether he's proven right or wrong in the in the court of law, we'll see that still remains to be seen. But he personally feels that way. And he has a lot of power currently, even though it's being chipped away. So if I had to guess, I would say it's not going to be approved as quickly as Bitcoin. I think they're going to put up a fuss. And there's still a little bit of a battle to be fought over is Ethereum an actual commodity or is it a security? I think that the case is closed already with Bitcoin, but I don't think it's closed with Ethereum. Yeah, one thing to note on the ETH, because I think for some of our audience, this was an interesting tweet that was just kind of breaking it down on and mainly because of the staking, risk free, you know, earning capacity of what ETH is doing right now, but it could generate rewards higher than the management fees, which would be kind of interesting around an ETF. So I don't know how that's going to play out, because these are obviously all new kinds of assets that are hitting the market, especially if Bitcoin and ETH come into an ETF. And I want to talk about how your strategy going forward. I want to show the Vale Shires, your latest blog post. So for you guys checking out a long term play on this, Jeff has done a really good job with this. Here's a tweet also I want to hit on. Sailor believes that there's three key factors that's going to drive Bitcoin to $5 million. Inevitable approval. He thinks the spot ETF is still a critical component. Banks now with the new FASB rules, bank holding Bitcoin, using it as collateral for loans, and then fair value accounting with the FASB rules that just got approved. So those three things are pretty big deals right now. And that would be very interesting. Now, the question is, is that's a much longer horizon, you know, with, and Sailor talks about this all the time, that these are very long horizons. What are your thoughts? Are these the three catalysts that you feel could be the thing to watch? I think they are. Yes, I do think they're really significant catalysts for sure. I think basically as you continue to break down the barriers of Bitcoin ownership for both individuals and for corporations and for nation states, for that matter, it will obviously more people are going to flood into it. It's just clearly to me, at least as a guy who studied it for eight years or so now, I just believe it's better money for a better world. So as the world catches on to that, more and more people will pile into it. So I think his his 5 million price target to me, I think, yeah, for sure, it's going to be there at some point, no time soon. I mean, I think we're looking 10 to 20 years out somewhere where we're talking about prices like that maybe sooner if things you know, go really well. The one thing I would add to that is basically when will the accounting rules change for individuals? It's a huge hassle right now to use Bitcoin. If you want to go to buy a coffee or buy whatever you want to do, trying to keep track of your cost basis is a massive hassle and getting taxed on it. I think what needs to happen at some point is the IRS needs to come out and say, you know what, we're going to treat it like a currency for tax perspectives. And I think there's going to be a two part thing. I think first, they're going to try to glean as many taxes as possible from people. So they're basically going to have a one time huge tax hit. I don't know how they'll do that. I don't want them to do that, but I think they will try to do that because they want their taxes. And then after that point, it will be treated just as a currency and won't be taxed for making these day to day purchases like it currently is. What do you make of the Grayscale win here recently against the SEC? This was a tweet kind of, you know, giving a little bit of light at the end of the tunnel for Grayscale holders, the Grayscale Bitcoin Trust holders. How do you think this plays out in the markets? Should BlackRock get the approval first? Because Grayscale is kind of setting in a time warp right now. They have like a 45 day window that has to occur. How do you think that plays out, especially with Grayscale being obviously could be getting approved as an ETF as well? Right. So that's interesting. And that's, you know, Grayscale is on its own different time schedule. So it would be sort of weird for them to get left out in the cold while these other spot Bitcoin ETFs got approved first. If I had to bet, I would say that it's going to be Grayscale first just because they've been through this process for so long. I would be frustrated if I were them if they got delayed while all these other ones got approved well ahead of them. So we'll see. Again, I don't have any, you know, inside information for what these guys are going to do. But I do think it was encouraging for these guys that basically the SEC got slapped down by the judge and it was decided to be, you know, arbitrary and capricious. I do think that definitely reset the stage and added some optimism. I'm very, you know, I've been I've been talking pretty pessimistically. I'm very optimistic for what's coming. So basically after the having the second half of 2024 and beyond, I think all of the pieces are coming together. All of the stars are aligned for a massive bull run once we get through basically this recession, once the central banks are supporting the markets again, once all of the infrastructure is in place and the SEC is basically has the back of Bitcoin and these spotted ETFs. I think it's setting the stage for some pretty impressive price action. But it's, you know, it's no time soon, not in the next couple of months. But if you have a time horizon of two plus years, I think you'll be well rewarded, especially if you're looking at today's prices. Yeah, for sure. That brings me on to the next topic, and that is how to play this from a longer time horizon. This was a piece done by Joe Consorti with you guys, I guess partnered with Veilshare, breaking down your September update. So I went through, we looked at this. I want to kind of scan down into some of the areas primarily into the your mode. So you've got your aggressive section here. You've got Adobe in here and on equities. Tesla's in here. We like some of these. Then you get into sound money, which is, of course, MicroStrategy and some of the Bitcoin miners, two thirds of a position right there. Veilshare, moderate position. Adobe, still Tesla. And then further into it, you get into the section of ultra conservative, both also a little bit different in terms of the layout. And then I want to get into the Bitcoin proxy, because this to me is the real question. When the ETFs pass, I mean, we're going to get an ETF approval. I feel like that's a done deal. How would you proxy from a strategy, especially with MicroStrategies, because at that point now you'd be essentially be able to go directly into a spot. Would that change your strategy of how you'd move forward on this? So, yeah, so I would definitely have to assess these as they become available, available products out on the markets. But I still think I'll lean towards MicroStrategy for a couple of reasons. One is that, first of all, it's run by the GigaChad, Michael Saylor himself, who is very fanatically pro Bitcoin. So that's one reason. Two is because there's no fees on it. Even the cheapest ETFs will have some sort of management fee. Only Microsoft has zero management fee. So that's another check in its favor. And then third, it's actually a bit of a leveraged way to play it. So if you believe in Michael Saylor's strategy of basically handing out equity in order to be able to increase his Bitcoin stack, as well as take out low interest rate loans to further leverage his Bitcoin stack, it has the potential and has shown so far to actually outperform Bitcoin versus these spot Bitcoin ETFs I think they will underperform just because of their management fee. So I'm most likely, at least at this point, to stick with MicroStrategy as my main Bitcoin proxy. Okay. Well, it's good to know these things because I think you're right. It is a completely different strategy and you're right. We don't know enough about what these products are going to look like in terms of fees, but also just the performance of how Bitcoin is going to respond in its own right of how the market pressures will kind of play into this. I want to play a clip for you. This is David Marcus who comes in from LightSpark. He's the CEO over there. And we've talked about LightSpark quite a bit, but he makes some statements here that I thought were interesting. I wanted to get your opinion on his statements. Let me play this clip for you. Where does this go? And does Bitcoin ever really become a currency? Which is what you talk about it becoming. Do you think the value of Bitcoin needs to or can move up if it's actually currency? Meaning I've always made the argument the currency problem is if Bitcoin is, if you think Bitcoin is going 30 or 50 or $60,000, there's no way I'm going to spend it on a, you know, a pizza or on anything, frankly. If I think it's going to go down, by the way, I might spend it immediately. So our view is actually that Bitcoin is not the currency that people will use to buy things. But a fragment of a Bitcoin on top of Lightning is like a small packet, data packet on the internet, only for value. And so you can exchange at the edges of the network and send dollars to someone that will receive Japanese yen on the other side, or send dollars to someone who will receive euros on the other side. And the actual net settlement layer that is used is basically Bitcoin, Lightning, and it settles in real time, cash final, and at a very, very low cost. Obviously, you know, LifeSpark, very active in development on the Lightning network. What David was talking about, former PayPal guy. He's talking about Bitcoin not being used as a form of cash. So it's really still a speculated asset, which the way I look at it. What are your thoughts on how and if Bitcoin starts to move into that zone? Do you think it ever will? I do think it will. But I think we're a long ways away from that. So I still think we're in kind of the price discovery phase of Bitcoin. And I think it has a long ways to go. What I mean by that right now, the market cap of Bitcoin is about 500 billion ish, a little under. I think we're going to be more interested in as a medium of exchange once it gets to sort of the 50 trillion level market cap somewhere between 10 and 50 trillion. At that point, I think a lot of these huge gains will be a thing of the past. It will become more stable at that point. And then also much more importantly, a couple of things. I think the whole second layer and third layer infrastructure will be built out. So it'll be much, much easier to use. It's still a hassle to use. There are people who get upset at me when I say that, but it's still it's tough, right? You still can't. And pay with it. And then what I talked about earlier, the tax treatment of it is still a huge hassle. So it needs to be treated as a currency by the IRS in order for people to be more willing to spend it. I tell people that people think people are only going to continue hoarding it because it is such a good store of value. I tell you though, for people who own a lot of Bitcoin, what they're waiting for, they will be enticed by higher prices. There is always a market for this. And so whether that means you're getting Bitcoin at 25,000 or you're waiting until it hits 250,000 or 2.5 million per Bitcoin. And at that point, we'll just be talking about and not Bitcoin itself. People will sell their Bitcoin for goods and services at some point in the future. And then one last thing I like to say, because it is this different kind of money, because it's an appreciating store of value versus fiat currency, which is a depreciating store of value, I believe it will make consumers much more discerning, right? You are not going to want to part with your Bitcoin unless you feel like you're getting a very good, good or service or house or whatever it is that you're buying. You're not going to be willing to trade your Bitcoin for a product or service unless you think it's very worthwhile.
Tech Path Crypto
"jeff ross" Discussed on Tech Path Crypto
"All right. So you guys don't want to miss this one today. We're going to be breaking into not only where the markets currently are, but also some long-term strategies that could be maybe something you want to look at around the potential, which most likely passage of ETFs and what that might look like long-term and how you play the market. We're going to dive in all that good stuff. My name is Paul Baron. Welcome back into TechPath. Let's get into it today with Dr. Jeff Ross. He's been on our channel many times before, so I want to welcome him back into the show. Hey, Jeff, how are you? Hey, Paul. I'm doing well. How are you doing? Excellent. Excellent. Thanks again for stopping in. All right. So, Jeff, I want to cue into a few things here. Obviously, this is a big week with a lot of releases of data. Obviously, the Fed is going to be digesting a lot of what happens this week, including CPI, et cetera. Headline CPI, I want to go over to this first story. Headline CPI expected to have spiked higher in August, but core rate is, of course, slowing just a little bit. And there's a few points they hit on in the article here. They expect the CPI to jump a little bit more in August or triple the pace of July's 0.2% increase. And then the core CPI is expected to have dipped to a 4.3% year-over-year pace in August from July's 4.7%. So, with that being the case, and you look at where the current status is, obviously, you get a chance to go into a lot of what's happening in the market with ValShare Capital, which is your own program. What are you guys seeing out there in terms of the pressure that CPI could or could not cause on the current market? Yeah, that's a great question. You know, I've got to say, I think this inflation is over. It was a nice time period, right, where we went from a CPI of about 9% down to about 3%. That was great, but I think that period is over now, and these metrics and these predictions are starting to show that more regularly. I think what's more likely to expect going forward, at least for the second half of this year of 2023, we're probably going to have choppy sideways. I think we're going to be range-bound somewhere between as low as maybe 2.5%, which would be great, up to about 4.5%, I think, which would be kind of not very surprising to me. You brought up the core CPI. That continues to fall. The reason that's falling, and the regular CPI is not, is because it strips out energy. So, as people have probably come to realize, oil is kind of going back into a bull market again. That's great if you're investing in oil, but it's rough if you use oil and gasoline and things like that, which most Americans obviously do. So, I would not be surprised to see CPI just continue to sort of hang around and linger at these higher levels for a while and be somewhat problematic. I don't see an easy fix for the Fed. I like to say regularly that the Fed actually, despite popular belief, they do not control inflation. They cannot just turn the switch off and on and say, okay, we want disinflation again. It's out of their hands. This is a market-based decision, and as long as oil and other commodities continue to rise, I would expect to see inflation rising or at the very least staying flat, staying stagnant for the near term.
Tech Path Crypto
A highlight from 1249. Bitcoin Portfolio Strategy Post-ETF Launch w/Dr. Jeff Ross
"All right. So you guys don't want to miss this one today. We're going to be breaking into not only where the markets currently are, but also some long -term strategies that could be maybe something you want to look at around the potential, which most likely passage of ETFs and what that might look like long -term and how you play the market. We're going to dive in all that good stuff. My name is Paul Baron. Welcome back into TechPath. Let's get into it today with Dr. Jeff Ross. He's been on our channel many times before, so I want to welcome him back into the show. Hey, Jeff, how are you? Hey, Paul. I'm doing well. How are you doing? Excellent. Excellent. Thanks again for stopping in. All right. So, Jeff, I want to cue into a few things here. Obviously, this is a big week with a lot of releases of data. Obviously, the Fed is going to be digesting a lot of what happens this week, including CPI, et cetera. Headline CPI, I want to go over to this first story. Headline CPI expected to have spiked higher in August, but core rate is, of course, slowing just a little bit. And there's a few points they hit on in the article here. They expect the CPI to jump a little bit more in August or triple the pace of July's 0 .2 % increase. And then the core CPI is expected to have dipped to a 4 .3 % year -over -year pace in August from July's 4 .7%. So, with that being the case, and you look at where the current status is, obviously, you get a chance to go into a lot of what's happening in the market with ValShare Capital, which is your own program. What are you guys seeing out there in terms of the pressure that CPI could or could not cause on the current market? Yeah, that's a great question. You know, I've got to say, I think this inflation is over. It was a nice time period, right, where we went from a CPI of about 9 % down to about 3%. That was great, but I think that period is over now, and these metrics and these predictions are starting to show that more regularly. I think what's more likely to expect going forward, at least for the second half of this year of 2023, we're probably going to have choppy sideways. I think we're going to be range -bound somewhere between as low as maybe 2 .5%, which would be great, up to about 4 .5%, I think, which would be kind of not very surprising to me. You brought up the core CPI. That continues to fall. The reason that's falling, and the regular CPI is not, is because it strips out energy. So, as people have probably come to realize, oil is kind of going back into a bull market again. That's great if you're investing in oil, but it's rough if you use oil and gasoline and things like that, which most Americans obviously do. So, I would not be surprised to see CPI just continue to sort of hang around and linger at these higher levels for a while and be somewhat problematic. I don't see an easy fix for the Fed. I like to say regularly that the Fed actually, despite popular belief, they do not control inflation. They cannot just turn the switch off and on and say, okay, we want disinflation again. It's out of their hands. This is a market -based decision, and as long as oil and other commodities continue to rise, I would expect to see inflation rising or at the very least staying flat, staying stagnant for the near term.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"Exchanges are being drained. Bitcoin is the cusp of true price discovery. That's a few exchanges. Is it, can we see all exchanges? Is that a glass mode thing? Yeah, I don't know if I have access to that chart. Let me try. Willy would know. Um, but I've heard it's everywhere. I'm sure it is after the last year. If it's not, it'd be done. It's basically, it's that root chart, isn't it? Rational root. Yeah. Well, we should definitely do this again. Love this. Yeah. And, uh, we'd love to have you over in the UK and, uh, sit down and chat again at some point, take you to a football match. I would love it. See some real football. That'd be great. Yeah, this is awesome. Uh, loved it. Uh, tell people how to follow your newsletter. Sure. So, well, so I'm most active on Twitter. My handle is at Valeshire Cap. You can find me there. Um, and then if you, you know, I, like I said, I manage, uh, money and run a hedge fund. Um, you could send me an email directly at info at valeshire .com or just check out valeshire .com, the website, and be happy to get back to you. Did you find it? Can't have it, fuckers. All right, see you later, man. Alrighty. What did you make of that one? I really enjoyed sitting down with Jeff. It's been long overdue. And while I didn't expect to get into or plan the medical stuff, I do think it's a very interesting topic of conversation. How people deal with medicines, how it's dealt with in the UK versus the US, different parts of the world. It's definitely a fascinating subject. Now, if you want to get in touch, you've got any questions about this or anything else, please do hit me up. My email address is hellowhatbitcoindid .com. And as I said, the football season starts on Tuesday, Real Bedford versus MK Irish. The league starts again. Here we go. We're going to go and try and win another league. All right. Have a great weekend and I will see you all next week.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"So what are some alternatives? And I think Bitcoin is just literally the most viable solution. I'm just hoping that government embraces it. And that's why it's encouraging to come back to your point that politicians, political candidates, even if they're not overly serious and they're not the front runners, they're still talking about Bitcoin and they're still pandering to this audience. That did not happen four years ago. So we are moving in the right direction. The fact that Larry Fink, who's the king of ESG, is officially on Bitcoin's side now, it literally changed the narrative in one day. That's what I think is the most important thing about Larry Fink. So what Harry said last night. And I agree completely with that. The shifted narrative the second he said that. And literally that day, a couple hours later, you know, not to dox, not to dox my father in law, but he's been very anti Bitcoin and kind of, you know, thinks it's funny that I've been into it and says, well, it's used by criminals and it's bad for the environment and it wastes energy. And I'm like, no, no, no. But but that's the narrative he has heard because people like Larry Fink and the big brokerage houses have been talking about that. That day he called and he was interested in Bitcoin for the first time, you know, and I think that's not unusual and I think it's not a surprise. So the fact that the narrative is changing is super encouraging to me whether or not a spot Bitcoin ETF gets approved. And you guys have probably noticed, too, but you just it's almost like all the headline, the headline machine just kind of got turned off and they're not talking about it anymore. You know, it's like it's like, you know, when it's, you know, it's like storms, you look across the horizon, storms and then the clouds part of the sun comes through. Yes, it kind of is like that moment. It is a bit misleading.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"They're going to stay hawkish and they're going to say, we don't want a repeat of the 1970s, so we can't get easy too quickly. I don't want to be known as Arthur Burns. I want to be known as Paul Volcker. And so I'm going to slay inflation. But I think he's going to overdo it. And so the longer they keep these tight and conditions, you know, to hawkish conditions, the more they risk more bank failures, slowing the economy too much. Economy doesn't like that. Risk assets, if they sense that, then the floor will drop out. And we could have a late 2008, early 2009 moment where everything crashes and we actually see actual deflation. That's not good. And that would cause them to quickly pivot, quickly lower rates. Go back to QE. You know, there'll be chaos everywhere. Blood in the streets. So how bad is deflation? Because there are people in the world of Bitcoin who say deflation is fine. Depends what we're talking about. So they're so and like Jeff Snyder talks about this, a lot of smart people talk about this. I have massive respect for Jeff Snyder, but I think he's wrong in this. He's wrong because he's correct in terms of government fiat. When you have depreciating currency, fiat currency, you have to have inflation to make it go. Deflation is the death knell of an inflationary currency and an expansionary credit based Keynesian system. Bitcoin is different. It's just built differently. It's an equity based system. It's designed to be deflationary or at the very least disinflationary. And so there are two different things. So what I what I've noticed is all of the people who are who seem like they're right there, you know, as Fosse would say, they're on the one yard line. They ran the ball all the way and then and they just can't quite get in the end zone. It's because they're stuck on this aspect. They're so used to the government fiat system that they can't imagine an entirely different system that's built on deflation. So I don't know if that makes sense.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"And then when the when the Treasury pays out, they do fiscal things like, you know, we're going to create projects or we're going to invest in something or we're going to give. Oh, perfect. Yeah. So that's the Fed's balance sheet. So Danny's just brought up a chart. So what you'll notice is it basically peaked in what, mid 2022. And then and then that's the quantitative tightening. So they're letting assets roll off. And then when that when you say roll off, what does that mean? So they just let them expire. So what they do is they buy treasuries and mortgage backed securities and they have end dates. And when the date ends, they just let it they take the money and let it OK, they don't they don't buy more. And this was the bank failure. That was the bank failure. So that was the bank term funding program that the regional banks have been accessing. So that's why you saw that spike. So I call those liquidity patches. It's when they see trouble and they see the system is getting shaky. Right. And it felt like the world was going to collapse at that point, or at least the banking system was going to collapse. They do these liquidity patches and that helps stave off a disaster. So that that interrupted it. But now they're clearly doing some QT again, although you'll notice it's not quite as steep as it was before. It's close. But it's if you get to go to June ish, see how just a little bit before I go left. Yeah. Right there. See how it flattens out right there. So that's more people using the bank term funding program as well. And the FHLB as well, which I can't remember that. So that's most likely regional banks feeling a bit of stress. Yes. So regional banks are feeling stressed. And the Fed is saying, we'll take that garbage that you have those long dated treasuries that we kind of forced you to buy a few years ago and forced you to buy. Whether, you know, the people have strong opinions either way.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"This is a great time to be dollar cost averaging, but just prepare yourself emotionally and mentally. We're probably going to go lower. I wouldn't be surprised if we got cut in half down to 20K and then it happened. Not that I know the future, but you can just kind of see where things are going. So how much clarity do you have right now? Not as much. So that's getting back to your question. Yeah, there are times. So so why don't I have clarity? Because the data is mixed and weird right now. Yeah. And so so around the world, there is a clear manufacturing recession going on. So let me back up. Everything changed with covid. And that's that's another major thing. I think of the economy and how stocks and bonds and things flow. They're always cyclical. Right. They're like a sine wave. And I used to I play guitar a little bit. It's kind of like a guitar string. What happened with covid? Somebody came and plucked it super hard. They pulled the string down and everything just crashed and came to a halt. Supply chains came to a halt. All of finance, small businesses got just decimated because of the what the government, you know, forced small businesses to do. We don't have to get into that. But then it creates this sort of shockwave, almost like throwing a rock into a pond or something. It creates these big waves. So there was this massive pull down and then we had this massive rebound. Right. And that was helped by the fiscal stimulus. So the government's like, OK, you all get free money. We're going to just plop tons of money into your account. And back then, I was like, what's this going to do? It's going to cause inflation, real inflation, price inflation to just go to the moon. You can't just give people a ton of free money without expecting prices to go up. So so we have now a limited supply of goods and services and people with tons of they're just flush with cash in their bank accounts.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"I was like, I need to disclose that. And then 2018 happened, 2018, everything crashed. So all of these cryptos, all these, you know, ICOs and all that nonsense. They dropped 90 to 99 percent, had no Bitcoin. And I got hit with just this gigantic tax bill in 2018 for my 2017 successes. But all that money was basically gone. All right. Although a lot of those gains. So I learned a big lesson there. So first of all, I realized, OK, that was really stupid. Second of all, then the block size wars were going on at that time, too. And I was one of those people, I was again on the outside, I didn't really know what was going on. I'm like, well, I don't know. That sounds kind of reasonable. Maybe we do need bigger block sizes. And then I heard that, you know, so all those arguments, we don't have to rehash all that. By 2018, at the end of 2018 and early 2019, I realized there's something to Bitcoin, like it just keeps sticking around and it turns out that the smaller block size was probably right for the decentralization aspect. So that makes sense to me. So now it's starting to get it. And then I think Safedean's book came out right around 2019. And then around that same time, Plan B's stock to flow model came out. And then if you remember, we had that spike where everybody was all excited. Everybody knew that the stock to flow model was the solution, new and right. And so the price spiked. And then we kind of came down again. I'm telling you, that's going to come back. You think so? Yeah. If what I think is going to happen over the next few months happens, it's going to be back in range. And I think he will be putting out a narrative of why, you know, underperformed for a year and a half. No one's going to take that seriously. I think some will. I think some people who are new will take it seriously.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"If you get diagnosed with cancer, that's going to require, you know, 10s of 1000s of dollars of treatment, you should have insurance for that. For basic stuff, you should not have insurance, you should break your finger, right? If you have a cold or you know, maybe you have COVID or not, you want to go get tested, because insurance should not cover that kind of stuff. So that's the first problem, you have to delineate what is a catastrophic event and what is just kind of routine health care. Routine health care should be paid, I believe, completely different than how it is now. Right now, the system is totally opaque, the patients don't know how much things cost, the doctors don't know how much things cost. You know, I tell people this, imagine going into McDonald's and saying, hey, I want a Big Mac and fries and maybe a Coke. And they're like, okay, and they just gave it to you and they're saying, we'll bill you in a month for that. And you'll be like, well, how much does it cost? And like, we'll tell you in a month. And you get a bill from the bun company, you get a bill from the burger, a bill from the cheese company. Exactly. And that's what happens. I just had some major health stuff back in December, I had this nose surgery because I couldn't breathe very well. And then it went bad and I got this face infection that was crazy. And I had to have all this stuff done. Then I had some clots in my arm that then went to my lungs. I had something called pulmonary embolism. And so that's dangerous. Yeah, I almost died. It was pretty wild. So I had a really rough, like three month stretch here a couple months ago. But so I got thankfully, you know, got past it. Thank you. Thank you, Lord. And but I got to see the system from the inside as well, right? So now I'm the patient. I'm sitting in this, this, you know, junky ER in our town, waited for like five hours to be seen. And I'm having severe, severe chest pain. Like I literally can't breathe. I'm telling them, I said, I'm a doctor, like I was telling the people, I'm a doctor. I don't, I don't, I don't speak in hyperbole generally. I'm telling you, this is the worst pain I've ever felt. I can't breathe. I feel like I'm going to die. Like I think I might die. This is how bad this is. And they're like, okay. And they sent me off in the waiting room. But you know, they started an IV, put a tag on my, on my, my wrist. And then I just sat there again. You don't know how much it's going to cost. Don't know who's going to see me, an ER doctor. And one of the times I went to the ER came to see me and said, hi, I'm not actually doing anything, but I'm in charge of the ER tonight. So I just wanted to, you know, say hi, everything good. And I said, yep, literally that was our encounter. I got a thousand dollar bill from her a month later, a thousand dollars. And I'm like, you literally, literally did nothing other than say hi to me, you know. But that's a scam. Yeah, it's all a scam. So again, opaque pricing filled with middlemen who, who benefit from the opaque pricing. How would I fix it? Like the first step I would do is make it so just you have legitimate pricing. The best doctors get paid the most to do the most complex procedures, right? Like you would expect for anything. If you want to buy a fancy car, whatever from a fancy dealership, the highest performance you would expect to pay more, you pay less for, you know, less quality doctors doing easier procedures, those kinds of things. And just be like, here's how much it costs. If you don't like that, go shop around. That's great, right?
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"Danny's just pulled up. Just 10 % of Britons think ministers have right policies on NHS. One problem, there's so many problems with the NHS. One of the problems is every election campaign, if you, every single party will say, we're going to give more money to the NHS. I'd love you to find, Danny, the increase in fund, the NHS budget over time. So I'm rambling lots of different things here. I've been speaking to people in the health care sector and been finding out why there's been massive increases in wait times in accident emergency, and big issues for, okay, so here we go. So 2008, in 2009, the NHS budget, I'm assuming that was billions, was 121 .5 billion. This year's going to be 180 billion. So that's a 50 % increase in 10, 12 years. I know you can account for some inflation, but that's massive. But in that time, waiting lists have gone up. And so when they said one of the big issues now is, when I was speaking to, I spoke to both a nurse who worked in an A &E, and I spoke to a paramedic. And they said, people think of the NHS now, like they think of Uber or Deliveroo, of any issue I'm going to phone up, I'm just going to try and get treated rather than wait for the doctor. And they're dealing with a huge amount of anxiety and panic attacks. And so they have a lot of people come to the hospital, like I've been with my SVTs, where they, there's nothing wrong with them. And so that's been a big issue. So I've rambled on for ages there. How would you fix healthcare? Well, I'll tell you how I wouldn't fix healthcare, because you know, I'm 48 now. So I've been around the block a few times. Looking good for 48, man. Yeah. Look, I feel old. Thank you. I feel great. Yeah, yeah. Check me out. That's right. So what I've been hearing since the 80s is that the solution needs to come from inside, right?
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"That's the kind of stuff I used to do. They'd be like, I just can't afford this procedure. I had some clients, I keep saying clients, I had some patients who would, you know, they would be just in tears. Like, I don't know what I'm supposed to do right now. I need to get this diagnosis, but I can't afford the many thousands of dollars, you know. So the healthcare system is so inefficient. And then there's people like me who just truly want to help people. But you're stuck in this system. And then like one other case in point, one of these patients who was just sobbing about how expensive the procedures are. And she was very angry with me because on the bill it says, Dr. Jeff Ross charged you, you know, $6 ,000 for this procedure. And I'm like, just so you know, here's how this works. I don't get $6 ,000. I don't get $6 ,000. Like, I actually got about $60 from that procedure. So if you want to talk about whether or not that's fair for me spending an hour to do this biopsy and getting paid 60 bucks, we can talk about that. I said, but you should be angry at the hospital. The hospital is charging you $5 ,000 for this room. You know, they're taking the fees from this. And then the insurers in between, it's all it's this whole opaque system where the insurers are dealing with the hospitals and the clinics and the doctors are left out of these negotiations. We don't know how much this patient, patient X is getting charged or patient Y and it's different for each patient based on their insurer, if they have it or not. It's just this crazy, opaque, ridiculous system. And because of these inefficiencies, the people in the middle, the insurers and the administrators, they're just siphoning off the money. And the doctor -patient relationship gets left off to the side. And that's almost a secondary event. Like that's what instigates the fees.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"Pretty much. Again, it's useful to think about it for driving, right? So people just still don't quite trust it. I have a Tesla, actually. I have a bunch of old, terrible cars, and then this fancy Tesla. It drives AI, excuse me, this full self -driving. It does it really well about 95 % of the time now. But about 5 % of the time, we almost do die, and we almost hit people, and we go over curbs a little bit. And so it's still learning. And I like to kind of test it. I know that each little mistake it makes, and probably my reaction, they're probably watching me freak out and grab the wheel and do something. So it still has some learning to do. But I think of radiology as the same. It's still going to do it. I think in general, it could already do lots of scan reading better than radiologists do. But it still makes some kind of glaring mistakes, and it's working on that. So as the database builds, it will get better and better. But I'm assuming radiologists also themselves miss some things. And there are times that maybe AI is finding something that the radiologist doesn't find. Absolutely. Yeah. That self -driving is kind of interesting. So if you're testing it, you still got to be pretty alert. Oh, yeah. So on the highway, no. I barely pay attention because it does so well. Like I go to Colorado Springs to Denver on a regular basis, and it's fantastic. And if you're in stop and go traffic, it's great. You barely need to pay attention because it just sort of keeps the distance from the car in front of you and changes lanes if it needs to. But when you're in a busy city, it's terrifying to use it. Right. And so if you're on the highway and you don't need to do anything, what do you do? I pay attention. Like, we all should. I do. It's easier to get distracted by your phone and do other things.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"So 2021, I retired again from teleradiology just at Vailshire, uh, and now fast forward to today. I'm actually, so I haven't done radiology for about a year and a half. I'm starting it up again in August, so actually next month, uh, to do it. And I'm going to, but kind of a part time, full time gig, and I'm going to hire another person for Vailshire to handle the front end, to do all the operations side of things, all the investor relations. And I'm going to be the guy in the background, just doing the investments, writing my newsletters, doing, you know, interviews, things like that. Uh, so that's where we are today. That's fascinating. What a journey. So you, I'll say it makes me that, that thing, uh, I try to get out, but they pull me back in California, keep getting dragged back into radiology. Um, so on the radiology side of things, when you do tele radiology, what exactly is it you're doing? You're remotely reviewing scan. So it's like, I'm one of the New York based radiologists that I just have my six computers on my desk and I'm seeing the same work list that they're seeing. So you're in, you know, in somewhere in New York, you go get an MRI or a CT scan, it pops up on a list. I can be in Colorado reading that study. Uh, you know, when's AI going to read that study soon? So I think the first specialty of medicine to go down to AI will be radiology. It just makes sense. It's just pattern recognition of images, way more complex than most people think it is. Just because you can, you can understand basic anatomy, but everybody is a little bit different. And then to see how different disease processes affect the body and then how, how does it affect it on CT? How does it affect it on the different sequences of MRI and there's tons of different sequences. What does it look like on ultrasound? What does it look like on x -ray? There's a lot more complexity to it.
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"So then came back, went to medical school, uh, and then, uh, moved from Minnesota where I grew up to Wisconsin, uh, did six years of residency. So that's training for radiology. And then I did a fellowship in something called interventional radiology, which is image -guided minimally invasive surgery. So most people don't totally know what that is, but it's like if you ever hear of people getting stents in their arteries, uh, or getting a catheter put in, maybe a port, uh, for chemotherapy. I was the guy who did that. I used to poke holes in people. And then if they had a cancer, like a tumor on their kidney, I would put a probe into it and then burn it or freeze it so they wouldn't have to get their whole kidney taken out. So minimally invasive surgeries, really cool stuff. So got I into private practice in 2008 in Colorado Springs, uh, became a partner a couple of years later in the group. And then, uh, cause I can't sit still, uh, got back into investing. So back in 2009, I started a blog teaching people how to invest on their own. Bull some Bitcoin. What's that? Bull some Bitcoin. Yeah, I bought some Bitcoin in 2000. Actually I bought in 2008. So I even front ran Satoshi, just kidding. Uh, no, I didn't know anything about Bitcoin at the time. So teaching people about it. I got picked up quickly by Seeking Alpha and The Motley Fool and used to write for them. And then I had, had built up enough of an audience of people who said, Hey, we like your style. Um, we like it that you're a doctor that I kind of focused on healthcare stocks and those sort of sorts of things back then. Um, they said, Hey, could you manage my money? I'm like, Oh, I'm just a doctor. I just do this for fun. This is kind of a little side gig. But planted a seed in my brain and I thought, do I really want to do this surgery stuff with being on call every fourth night for the rest of my life?
What Bitcoin Did
"jeff ross" Discussed on What Bitcoin Did
"We're sort of in a fourth turning period right now. It's probably actually going to end with a major war which none of us want. So what are some alternatives and I think Bitcoin is just literally the most viable solution. Hello there. How are you all doing? Are you having a good week? It's Friday. Happy Friday. I hope you're well. Four days time, the football season starts and I know not all of you love football, but Rel Bevitt is the Bitcoin team. We won the league last year. We kick off our season on Tuesday against MK Irish. Hopefully we're going to challenge for another title. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host Peter McCormack. And today we have Jeff Ross, the CEO and founder of Vale Show Capital on the podcast. Now I called up with Jeff in Nashville and this has been a long overdue show. Jeff is a diamond in the world of Bitcoin. A little bit of an underused resource, I think, but I absolutely love talking to him. Now we got into his background in medicine and the ever increasing role of AI, and then we switched gears and got into the macro, the state of the global economy and Bitcoin as a reserve asset. I know you're going to love this show. If you don't know Jeff, go and give him a follow. He is a legend of Bitcoin. Now if you have any questions about this or anything else, feel free to hit me up. You know where to get me is hello or what bitcoin did dot com. Hello. Yeah, so 75 hard. So I want to lose weight because I keep getting fat shamed.
Simply Bitcoin
"jeff ross" Discussed on Simply Bitcoin
"The time. <Speech_Male> You can find me, <Speech_Male> my handle is at Vale <Speech_Male> Shire cap, <Speech_Male> or you can also, <Speech_Male> you know, I run <Speech_Male> a hedge fund and <Speech_Male> investment advisory. <Speech_Male> That's at <Speech_Male> Vail share dot com <Speech_Male> if you're interested, you can <Speech_Male> actually shoot me an email directly <Speech_Male> if you're interested <Speech_Male> to know more about that <Speech_Male> info at Vale <Speech_Male> Shire dot com. <Speech_Male> And I just <Speech_Male> got to say Nico, thanks <Speech_Male> so much for having <Speech_Male> me again and having <Speech_Male> me on with Joe. I love <Speech_Male> doing these <Speech_Male> kind of things with Joe. He's <Speech_Male> brilliant and really <Speech_Male> fun to talk to. <Speech_Male> So thanks for <Speech_Male> having me <SpeakerChange> on. <Speech_Male> Always <Speech_Male> doctor Ross and hope to <Speech_Male> hope to have you on again <Speech_Male> in the future as well. So <Speech_Male> what about you, Joe? <Speech_Male> Where can people find you on the <Speech_Male> interwebs? <SpeakerChange> <Speech_Male> Yeah, my Twitter is <Speech_Male> at Joe Carlos Sari, <Speech_Male> probably <Speech_Male> easier way if you <Speech_Male> Google <Speech_Male> me, you'll see my <Speech_Male> firm, it'll pop up, <Speech_Male> amundsen Davis, I'm a <Speech_Male> partner there, and <Speech_Male> I didn't mention that <Speech_Male> I need to, <Speech_Male> that I specialize in <Speech_Male> litigated disputes <Speech_Male> involving <Speech_Male> commercial transactions, <Speech_Male> <Speech_Male> commercial entities, <Speech_Male> anything with <Speech_Male> respect to breaches of fiduciary <Speech_Male> duty, <Speech_Male> contract disputes. <Speech_Male> So if you have a litigated <Speech_Male> dispute and you're Bitcoin <Speech_Male> or please reach out, I'd <Speech_Male> love to help you and <Speech_Male> fight pretty hard for you <Speech_Male> in the courtroom. <SpeakerChange> <Speech_Male> Awesome. Well, <Speech_Male> gentlemen, thank you again <Speech_Male> for joining me on simply <Speech_Male> Bitcoin IRL. If you <Speech_Male> don't mind hanging out backstage <Speech_Male> for a second while I'll wrap <Speech_Male> it up. Guys, thank <Speech_Male> you so much for tuning in. <Speech_Male> Shout out to <Speech_Male> hard for you <Speech_Male> in the courtroom. <SpeakerChange> <Speech_Male> Awesome. Well, <Speech_Male> gentlemen, thank you again <Speech_Male> for joining me on simply <Speech_Male> Bitcoin IRL. If you <Speech_Male> don't mind hanging out backstage <Speech_Male> for a second while I'll wrap <Speech_Male> it up. Guys, thank <Speech_Male> you so much for tuning in. <Speech_Male> Shout out to <Speech_Male> the Bitcoin companies <Speech_Male> that make the show possible <Speech_Male> swan <Speech_Male> best place to build your Bitcoin <Speech_Male> stack. And of course, the <Speech_Male> biggest Bitcoin conference <Speech_Male> on the face of the Bitcoin <Speech_Male> 2023 <Speech_Male> will see you <Speech_Male> tomorrow for the live <Speech_Male> show, 1215 <Speech_Male> p.m. eastern <Speech_Male> <Advertisement> standard time. So you guys <Speech_Male> <Advertisement> tomorrow.
Tech Path Crypto
"jeff ross" Discussed on Tech Path Crypto
"All right, so welcome in to our live stream today. We're going to dive into Bitcoin. And I think in a way that you guys might like, we'll take a look at some of the macro pressures and then some of the outlook of how Bitcoin could be performing along with some other asset classes out there as well. My name is Paul bearer. Welcome back into tech path. Joining me today is doctor Jeff Ross coming in from Vail capital always love to have you on the show. Thanks for having me. Paul, I'm happy to be here. Yeah, absolutely. So, Jeff, I'm looking at your Twitter account. The last few times I've looked at your Twitter account, I did not see those icons. Those emojis. I have a fireball, a bull and a time clock here. I don't know if that's some sort of cryptic message that you're attempting to get put out there, but what are you doing over here on Twitter with that? Well, it is a cryptic message, actually. To me, it means bullish for now. It means as long as the music is playing, you've got to get up and dance, right? And so I think that it's clearly and we can talk about this obviously, but I think among risk assets when we're talking about Bitcoin and other such assets, it's clearly bullish for now. So there's lots of reason to be bearish, which I'm sure we'll get into that too. But yeah, that's why I'm positioned currently. Well, one of the positions that I look at because I'm still on the fence, I'm not completely sold in that we've got this under control and a lot of it comes from some of the market conditions, but also some of the macro effect. And it kind of revitalized my position. Again, when I saw these retail sales numbers, this is the January report right here. This was a release around February 15th yesterday.
Just Fly Performance Podcast
Ross Jeffs on Individualizing Speed Training by Understanding Concentric
"We have an awesome show for you lined up on individualizing factors and speed training. individualization has been one of my favorite topics to get into I feel like one of the most rewarding things that. Seems to happen throughout the process of coaching athletes is finding that athlete who just wasn't responding to the training that they had been given and looking at them, and and having the layers of awareness to understand where they're at and his into as an individual giving them the training they need and seeing them succeed. That is one of my absolute favorite things as a coach and. And that's why these podcasts on training individualization. I just enjoy them a ton, so Ross Jeff's. He was on the podcast back on episode, one forty, five, talking about trainers versus racers, which again is another element of individualization, basically knowing how to train athletes based off of how close they can get to their peak performance output in practice versus competition and how to train them correspondingly. Ross is currently working as a sprints jumps in hurdles coach at the aspire academy in Doha Cutter. He formally has worked in the Netherlands is the sprints and jumps coach. He's also coached under the guidance of Jonas Dodo within this speedwork system. Outside the track field Ross's worked with a number of athletes. From -rageous sports including tennis boxing. Olympic medalists from backs, basketball and rugby sevens, and Ross really has a full gamut of people that he's worked with. He's absolutely one of the most brilliant young coaches I've talked to. He's open-minded. He's curious. He has a huge tribe of mentors and I always learn things that are very applicable whether I reading his articles or obviously talking to him in these podcasts, so for the show today Ross is going to get into the idea behind on three types. Types of sprinting or three types of sprinting athletes and how to identify those, and then how those athletes ten respond best to training, and so I've seen a presentation that Ross did on this I was thoroughly intrigued, and unlike we have to do a podcast on this and so I'm super lucky to have him back and so we're going to get into that. We're going to get into three types of these three types of sprinting athletes identifying them and then how to train them. And whether you attract coach or not, there's a ton of gold in the show just in the sense that honestly if you're a track coach, a lot of times like if you're training jumpers, you may have a group that is almost more going to be close to one type. Were says a team sport. You're going to have a lot of types and so being able to just go through these ideas. It's going to give you a great new layers awareness, and this was an awesome show, so all that being said. Let's get onto episode two six with Ross Jeff's. Ross man awesome. Have you back? How how have you been? has there been any. I've been doing any online coaching in the midst of all this. What's what's happening in the world to track and field right now? Ed, you'll find, have me May Yeah, it's interest. Not Come in Cadillac up in about almost a year now so. Been in lockdown since. At Emma, so we've been there most fought training session close, so there's no, there's not much garnell. Plenty plenty of time was that where this presentation that we're GonNa talk about today was born. I'm sure that's been. It's been in the works right for a long time, but did that. Give you the free time to get all this together. Yeah. The James Baker whose who who runs fullness performance, and he's kind of been bugging me to kind of put together for a while, so it's the right time to do things. For sure I think sometimes when there's little bit more free time or downtown I know for me. It's been a lot easier to get a wider spectrum of guests on for sure on my own end with all this on the for the podcast, but I I was really still I know our our last time with the trainers versus racers was awesome. I mean it gave me so many things to think about an implement, and so I was super excited to see that you add the. New a new categorization, and of course we talked about this like no, not the goal isn't to put athletes boxes, per se, but just the more we can learn about how different outfits respond is is just so incredible and interesting to me and so. Let's kick this off. Let's to tell us about. Your your category, your categorization, concentric, elastic and metabolic maybe to start with the history of it, like where where did all this come from in terms of you? Your journey of deciding or or determining which athletes I know, track sprinters. We're talking about specifically, but which types of sprinters were responding to which types of training? So. Springtime into briefly set the scene fest. I think if you watch. The Olympics there are many commonalities inconsistencies around. Will faucets sprinters in the while. Technically, but there's also some variation, right and all too often this variation schroeck officer. As an idiosyncrasy oh. You know this athlete would run faster if they run like Basil D'Amato, isn't a nominee, so we shouldn't coalpit. Will actually might be inefficient for one person might be actually efficient for a number, and it's the same if you analyze training program I mean in this hundred meter final that it's going to be some very similar themes that coaches through the face, but that also be some very different themes. We know people have run. Teno running never more than two times I meet some of the way up to five hundred six hundred arrests so very early mccutchen career realized that Sanofi just one in very different need to the program that they were given an equal equally, they responded very differently to kind technical changes well. Her when this happens. Time and time again over to for years you start to see some click consistencies than pictures around what kind of profile you haven't is and then to go that people have been putting some ideas out on the topic around neuro. Typing in action type toilets fouts five typing stuff from Hank. Ulcers put some stuff out around muscular Hashtag as good a reset from the distance, running community around Ariel terrestrial runners, so it's kind of blended all these ideas and something that. into something I understand in seeing can apply on a consistent
Jared and Katie
Alec Baldwin gets brutally roasted on Comedy Central
"Alex true passion is always been the theater Alex loves to hit the stage because it can't press charges. hello. so this is the roast on Comedy Central of Alec Baldwin Sean Hayes as the roast master but of course you have regulars that show up season to season like comedian Jeff Ross he's done a lot of roasting and Jeff Ross had a few things to say about Alec Baldwin Alec is actually my neighbor in Greenwich Village which was a pretty safe neighborhood until you moved in. if you're a big star I watch you get arrested for punching a guy over a parking spot. six nine valley your car and help your brother's business. so are you in the movie Pearl Harbor which was worse than the actual Pearl Harbor. the roads are. they are not also Robert deniro was a roaster of Alec Baldwin and Robert deniro. as you can imagine didn't have a lot to that we could air because he likes to use the curse words but we added that get some of Robert deniro's best. thank you for inviting me to do this now rocky and Bullwinkle will be the most embarrassing thing about. and that was it that's all we got the right one. this app that the app was it was pretty bad now I what typically happens is that the person who is getting roasted in this case it's Alec Baldwin you they can they can roast the people who are roasting them so Alec Baldwin took the microphone and roasted some of the people who had been resting him. Jenner is an American gold medalist to change genders and somehow still manage to be the least