40 Burst results for "One Million"
Master Customer-Centric Copywriting - burst 5
"But even you do it once a week, commit and create your content calendar as many weeks ahead of time as possible. I work in batches for my own personal brand. I do that every quarter. I have one day when I just create content for my email. And another really good workaround for this is to create an automation, especially for people who are just signing up to your email list, which leads me to the second big mistake. So many brands focused on getting the sign up, getting that email address. And then nothing really happens after that, which is kind of a missed opportunity because I think it's like the first 48 hours when somebody just join your email list. They are most likely to work with you. They are interested in what you have to say. And they're just kind of waiting to be guided. So having or not having a welcome sequence. That's another big mistake I see people making. Boy, that's OK. So talk to me about that. What would a welcoming sequence look like? OK, so you need to think about your buyer's journey, right? So I have a problem. Let's say I want to lose weight and I am interested in a solution that gives me what I want, which is probably losing weight fast, but in a healthy way. And I go to Google or I scroll Facebook and I see your ad or I see your page on Google and it's promising. And I go to your website and I learn, I read your blog posts. And then there is a pop up or an opt in opportunity which says, hey, do you want to learn how to lose seven pounds in 30 days? Sign up here to get all my healthy weight loss recipes. You're never going to be hungry again or something like that. So I get that. Right. And my curiosity and my problem is satisfied to some extent. But that doesn't mean I'm going to be ready to buy something from you immediately. And it also doesn't mean that I'm going to be a loyal fan because you haven't done really anything beyond just satisfying my initial problem, which was the curiosity. How do I lose weight in a healthy way and maybe not be hungry? So most people, they just deliver that lead magnet, that freebie, and that's kind of it. Nothing else happens. The welcome sequence continues the journey. And you can continue that journey without being salesy, but by being customer centric. And there's plenty of strategies like what you should write in each email. Some people have three emails, five emails, seven emails. These are all automated, so they're not sent manually. And you can send them day after day or one each two days. It kind of depends on how fast it takes for someone to convert from email subscriber to first time customer. But in the beginning, if you don't have that data, you can just test it and test it with the frequency you're comfortable with. And that welcome sequence is like, hey, hi, so I see you. You've just signed up for this list of recipes, which is amazing. Congratulations on your commitment to finally get closer to your goal. But here's the thing. We've had one million people who got that PDF. And unfortunately, only a small percentage of them are actually using it, which is why over the next few days, we're going to share a few tips and we're going to walk you through some success stories for some of the people who have lost weight using our method. Make sure to open your next email. We're going to tell you more about tomorrow. And you can share valuable content like here are our most popular three videos that talk about this. Go watch them now. Another one could be like, tell me more about you. So what do you do? That's for segmentation and collecting customer information. Another email could be sharing success stories like here's what other people are doing right now. I know you've just signed up for this and you've maybe maybe you've already cooked one of those recipes.
Fresh update on "one million" discussed on Bloomberg Daybreak Asia
"Breaking story Greg Stor, a Bloomberg Supreme Court reporter with us. Bloomberg Washington correspondent Joe Matthew. with Along DC's most respected news team. Jack Fitzpatrick on Capitol Hill. Nick Wadhams the head of Bloomberg's national security teams. Bloomberg sound on with Joe Matthew. Brian T. Beck with Bloomberg national political reporters. Listen live weekday afternoons at one Eastern or on demand wherever you get your podcasts. Bloomberg Radio. Context changes everything. Access a vast selection of global fixed income securities at Interactive Brokers Bond Marketplace. Search their deep availability of over one million bonds globally. IBKR has no markups or built in spreads and low fully transparent commissions on bonds. BKR displays the highest bids and lowest offers received from the electronic venues they access. In addition, clients can interact with each other by placing bids and offers online to execute their trades. Learn more at ibkr slash bonds. The possibility of lung cancer
A highlight from Tucker Carlson for Vice President?
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, Dinesh D 'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24 -7 at snc .tv and on local now channel 525. Hey everybody to end the Charlie Kirk show. Benny Johnson joins the program to talk about the behind the scenes debate prep with Vivek Ramaswamy then Sean Davis as we talk about Israel divine and democrat party and the failure of the RNC. Email us as always freedom at charliekirk .com. Subscribe to our podcast. Open up podcast app and type in Charlie Kirk show. Get involved with Turning Point USA at tpusa .com. That is tpusa .com. Start a high school or college chapter today at tpusa .com. Buckle up everybody. Here we go. Charlie what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created. Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. Joining us now is Sean Davis CEO and co -founder of The Federalist. Sean I'm tired of losing. I'm sick of losing. I'm a big football fan. It's my weakness. I know I get a lot of hate mail for it. Oh it's woke. I don't care and one of the things about football is if you lose you get fired. At the RNC though if you lose you remain. Explain this to me Sean. I don't know it seems like that's almost a fact of politics anymore. Is it the watching these debates for example. Why on earth are people who hate us and hate people who read us and follow us and hate what we believe. Why are we letting them run these debates and attack our people. It would almost be like giving the Yankees front office the ability to interview anyone who's going to go and play for the Red Sox or like letting the Redskins and I still call them the Redskins and I always will. Letting the Redskins coach like pick who's going to play for the Cowboys. It's so dumb and yet we seem to do it debate after debate and year after year and I simply don't understand it at all. Yeah and so I want to play a piece of tape here. So Ronna McRomney was asked about her involvement in Virginia and it's always deflection. It's blaming other side and Larry O 'Connor who's a total superstar. I really like Larry. He's been in the movement for quite some time. He's so calmly and beautifully asked this question was like hey why wasn't the RNC more involved. His reaction afterwards is just epic. So let's play this piece of tape here. It's always somebody else's fault. It's never the national party's fault. Play cut 155. You don't let people lie about you and let it not let it go unanswered. Let it go unanswered and our candidates have got to do this. You can walk and chew gum at the same time. You can go and say this is where I stand. The Democrats are lying and now let's talk about crime, schools, border, fentanyl, and national security. I just want to clarify one quick thing though. The RNC had no involvement in these elections in Virginia per Governor Youngkin's request. We not well we were told in the summer they didn't need us that they had all the money and they were good. So now we've learned that the Virginia GOP chair Rich Anderson says that he asked the RNC to match the Democrats with one million dollars of a late cash infusion into the state. The RNC the only excuse they have is they can't raise money but that was supposed to be an thing. honest She said well we have no money but you're not raising any money because donors don't trust you the grassroots don't trust you. Sean help me understand. Yeah you've got two jobs as a as a party leader. You raise money and you set up state -by -state infrastructure so that the party can succeed which means by the way getting out to vote and setting up get out to vote infrastructure. So your your job is to supposed to raise a truckload of money and you're supposed to set up everything so that we can match the other side match the Democrats and how they get out the vote how they do ballot chase and all that. I've seen like I don't pay attention all that much to the fundraising so I won't I won't comment on that but it's been almost four years since a completely absurd election in 2020 when the Democrats just ran circles around us in in their absentee ballot chase their mail -in chase. I haven't seen a whole lot of evidence and that in states where we really need to win like Arizona and Georgia that either the state party or the national party is doing much of anything to make sure the Dems don't run in 2024 the exact same playbook they ran against us in 2020. So I'm I'm honestly kind of befuddled I feel like I'm watching office space watching the Bob's interview the employees and thinking what would you say you do here because I can't figure it out. So moving forward here Sean let's emphasize on the NBC news thing so we're after a very disappointing night and then Lester Holt and Welker are cross -examining our candidates just I want just the most objective way you could look at it what candidate do you think separated themselves from the other and who do you think missed an opportunity at that debate? Oh I thought Hveke was awesome I love how he came right out of the gate and trashed the moderators and basically said you're a whole bunch of Russian collusion hoaxers like who do you think you are that's how you handle these moderators and and I think Newt Gingrich was the one who who provided a perfect model for this he did it in during the 2012 primary where every time he got a question in one of these debates from a total left -wing hack masquerading as a journalist he just took him to town so you know your premise is garbage you're full of crap I think you're liars and here's what I'm going to talk about instead of the uh was fantastic um it's hard for me to say who the loser was in these because they kind of feel like loser debates to me and in the first place it's like watching the kids table so um I think the whole debate thing in it in and of itself we need to have a discussion about um but but I thought Hveke and the way he handled the moderators was great and I wish every single Republican from now until forever would treat these hack propagandists the exact same way. So I totally agree and I'll just say this you know Ron DeSantis received the first question and he gave his kind of typical and by the way he's the best governor in America I want everyone to be very clear I get hate mail when I say that Ron DeSantis remains the best governor in America he's not a good presidential candidate he's running a poor campaign it's the brutal honest truth and it's hard to watch he gives this fine answer you know I'm Ron DeSantis and people can't pay for gas and bah bah bye feel your pain yeah whatever Ron how awesome you were just you it was like a t -ball you could have went right after NBC news you could have just used them as the villain and the vague kind of picked up you know the trillion dollar bill that was laying right there and he called for Rana's resignation on top of it it was Rana's resignation the RNC is a bunch of losers we have a culture of losing and NBC news you guys are the complete worst and he got the headlines honestly he got the headlines across the head you know across the board and people really appreciate it because they want a fighter so let me ask you uh kind of shifting gears here Sean Joe Manchin not running for the senate the significance of this and how should we think about a potential no labels candidacy that is bubbling up with Millard Willard Mitt Romney and Mr. Manchin yeah so I got a kick out of Manchin's press release that he put out and said you know I've accomplished what I want to do in my career and I'm very proud of what I've done and and I have hopes of doing other things buddy you're retiring and not running again because you were going to get your butt kicked because you were Joe Biden's little laugh dog when you were supposed to be representing uh West Virginia voters so I think we need to be honest about why he's not going to be a senator again and it's because no one in his own state likes him the people who know him best don't want him as their senator anymore and and that's why he's not going to be running again so you bring up Mitt Romney uh man they are they are birds of a feather in that thing Mitt Romney's only the only consistent thing he has done his entire career in politics is run he gets in once and then he does such a poor job that everyone in the state hates him so he can't run again so he just finds like a new state to run you know he was a one -term governor in Massachusetts he got smoked in the presidential so he decided to move to Utah and run for senate there and no one likes him there anymore because he's a jerk uh and so what does he have left to do the only thing that Joe Manchin has left to do which is avoid any actual real job and just stay in politics and find a bunch of left -leaning voters who pretend they're independent but you can bilk and make a living off of so that's what's happening with Joe Manchin and I can't take this no label stuff seriously at all it's just a grift for a bunch of idiots who are hated by the left and hated by the right don't want to get a real job and have no home to go to go back to by the way Federalist you guys do great work it's really amazing just 30 seconds rip on the Federalist how are things going there you guys are one of the most important outlets in the conservative movement well you're very kind to say that thank you um the Federalist is uh it's an online media publication we do a lot of fantastic commentary original reporting our editor -in -chief is Molly Hemingway who literally wrote the book on on the rigged election of 2020 we unmasked the Russia collusion hoax we unmasked the Kavanaugh rape hoax and unlike a lot of many other publications that pretend to be on the right we actually love conservatives and we we love our readers and we love our voters and we want to be their voice and make them as loud as possible so people in Washington can hear them and not vice versa Sean uh stay right there we'll get right back and everyone check out federalist .com is the federalist .com correct the federalist .com yes sir hey everybody Mike Lindell has a passion to help you get the best sleep of your life he didn't stop at the pillow Mike Lindell has created the Giza dream bed sheets these sheets look and feel great which means an even better night's sleep which is crucial for your overall health Mike found the world's best cotton called Giza it's ultra soft and breathable but extremely durable Mike's Giza sheets come with a 60 -day money -back guarantee and a 10 -year warranty Mike's latest incredible deal is the sale of the year for a limited time you'll receive 50 % off the Giza dream sheets marking prices down as low as $29 .98 depending on the size go to mypillow .com promo code kirk that is mypillow .com promo code kirk including the my pillow 2 .0 mattress topper my pillow kitchen towel sets and so much more call 800 -875 -0425 or go to my pillow .com use promo code kirk my pillow .com promo code kirk Sean let me read this headline for you and we have a video to accompany it in a second will John Fetterman cost Joe Biden the election divisions among democrats over Israeli -Palestinian conflict have highlighted the fault with lines in the party John Fetterman's actions are unlikely to sway the presidential election Pennsylvania however it does show that there are fault lines in the democrat party first of all I'm not a fan of John Fetterman but the guy is a master class troll every republican could take a class in how to troll like John Fetterman is basically if reddit became a U .S. senator I don't know if you saw this video but it's just you know you have this guy that looks like cyclops walking you know in a hoodie with the Israeli flag walking did you see this video on the funniest thing I've ever seen and all these people are getting arrested honestly I respect that level of game and this his base he's trolling so Sean you know let's broaden this a little bit outside of just Fetterman doing the trolling is this which is um the fault lines the democrat party over Israel the Palestine issue I don't want to overplay this I think this is the most divided I've seen the democrats in recent memory am I right on saying that Sean I think you are and I think it explains why the institutional left why Joe Biden and the party leadership uh walk on eggshells on this issue which really shouldn't be a difficult issue um you know people shouldn't be rolling into Israel and murdering babies and raping people and filming it and bragging about it that's bad I feel like anyone who has a soul understands that's bad but unfortunately there's a significant segment of the left the far left um it hates Israel hates Jews and when they see party leadership uh like Joe Biden and anyone else uh say common sense things uh about Israel they lose their minds and that that explains everything about why the democrats are handling this as poorly as they are is it Joe Biden is terrified that he's going to lose the presidential election because he's going to lose Michigan because he's going to lose Dearborn Michigan that's that big thing explained everything it's everything that's going on it has nothing to do with principle they're just scared about what their loony left is going to do to them if they don't kowtow to Hamas yeah and it's just but also beyond that Sean there are radicalized white liberals that care about the Gaza issue as well it's not just the Muslim vote right this could impact on their college campus enthusiasm and you play that in with some Jill Stein Cornell West I mean there are serious fault lines in this forced democrat coalition oh absolutely the the hardcore uh white left uh is is every bit as anti -semitic as the uh the bread by the way in in left wing run universities who view the entire world through this oppressor oppressed colonialist victim uh perspective and so yeah your your most rabid anti -semites often on college campuses are these hardcore left -wing white radicals it's totally bizarre but if you watch the media you watch the media the only anti -semites on earth are on the right which is absurd if you have eyes and ears and a brain because it's clearly concentrated on the left final question Sean your just gut reaction Tucker Carlson vice president for Donald Trump I love it I love Tucker uh I think it'd be great it'd be great for America um he's one of the only people who who says all the things that we all think but aren't allowed to say he actually comes out and says it and uh I love him I think it'd be awesome I think we would win especially in a multi -candidate race we're gonna keep on building it out Sean thanks so much appreciate it thank you sir nobody Tucker is better in front of the camera than Tucker you're not gonna outwit him could you just imagine Tucker in a debate Tucker versus Cami Kamala Harris versus Tucker Tucker is ridiculously alert he's been harassed constantly and in an internet age as Joe Rogan famously said Tucker Carlson was built for the internet no personal scandals his laugh alone we know this at Turning Point USA you can you could fill up a room if you just announced Tucker so let's pretend Trump has to go to Fulton County and Jack Smith and he's tied up in all this court stuff wouldn't it make sense to have a vice president who could draw big crowds and draw media attention especially in a multi -candidate race everybody you want to win younger voters especially younger men Tucker Carlson you would win early 30 -somethings you would win the Rogan bros you would win the Andrew Tate people and honestly I think you'd win a lot of suburban women a lot of moms like Tucker they really do Tucker's smart he's well before I'll use it again the more he's attacked the stronger he gets they've tried to take Tucker out every possible way the government spied on him illegally Tucker doesn't care he's in a political moment that we're in doesn't that make sense I want to tell you about the Herzog Foundation we are partnering with them on some exciting stuff for years I've been talking about our nation's public schools and how they've been captured by progressive ideologues teaching things that directly contradict the values of American families especially true if you're family for those of you worried about the best educational path I want you guys to check out the Herzog Foundation they are the trusted source on American K -12 public education with a remarkable suite of resources for parents and grandparents thinking about making the switch from public schools to a Christian education check out their online their online deal the lion online publication to their podcast making the leap the Herzog Foundation offers a wide range of advice and information for Christian parents to make the best education decisions for your kids to learn more about how your family faith and community can flourish through a quality Christian education go to HerzogFoundation .com that's HerzogFoundation .com Joining us now is the legend Benny Johnson Benny is best known by hosting a legend you are a legend no no no I don't just I just don't throw praise unless it's earned okay I got to tell the whole story here and we'll get through it and Benny of course hosts the Benny show he's amazing we've done some really fun stuff at Turning Point USA and continue to and so but he's best he will be best when known the history books are written for being a debate coach so here I am about to take the stage at Freedom Night our Turning Point USA event and my phone is lighting up Vivek goes after the RNC Vivek goes I say what is going on because here I kind of put in the back of my mind I was like whatever you know you and Vivek were like doing somersaults off of jet skis or something you're like we're debate prepping running through the woods or I was like all right okay whatever and then as soon as I saw Vivek go after NBC News I said Benny it's Benny tell us the story Benny okay so what do I do professionally well like this has been something that I've had a tough time a question I've had a tough time answering my entire life I do pattern recognition and energy energy right like where is the base what is our energy what are the what are the patterns of the things that we hate the very most well we we hate an RNC that doesn't listen to us we hate a Republican party that won't build the wall that won't deliver for the base that delivers election wins for the RNC it is not the RNC that wins elections it is us who gets out and votes but we also hate the corporate press and so why don't we bundle both those two things into criticism of an RNC that is siding with NBC News to host a debate and ask the questions why are these debate hosts allowed to one rig another debate against Republicans why is the RNC celebrating NBC News as a debate partner when they went with Hunter Biden's laptop disinformation Russia disinformation against President Trump kneecap President Trump's why would we allow that like how like how cucked are we and how embarrassing is it for all of us that that we have to say this is our Republican party and why doesn't Rana just resign do us all a favor and simply resign and so I all I did all I did was bring those concerns to the person who I was making a documentary with that day the vague and um you know compliments to the vague he sort of so let's absorb them and and let's show the clip here so what with it because because it really was the shot heard around the world it was one of the most viral debate moments in the history of debates because Vivek said what we were all thinking Rana has a 99 disapproval rating every base every every base member all the donors I talked to they want her gone it is it transcends economic lines state lines nobody likes her unless they're on the payroll right and yet Vivek is the only one that and then NBC News on top of it this is behind the cut one fifty four because these snooty the snooty like uh persnippity moderators to be compared to Greg Gutfeld and then it'll throw off it'll throw them off their game so bad because you'll be like you you you people are clowns to us right like our base doesn't like you and it's nothing personal it's just you've earned it right you've lied to them that's right yeah yes so why are we yep be such a broken system now I want to brag on the vague because we're going to play some more here how many times Benny how many times have you and I texted or you know said good ideas to congressmen and senators they said yeah yeah they don't listen to us credit to Vivek for also being open -minded right that's a big deal that's exactly right and also Vivek who's certainly not short of podcast bookings said why isn't Elon Musk and Joe Rogan and Tucker Carlson hosting debate why isn't Charlie Kirk hosting a debate Charlie why aren't you have you been asked by the RNC to host a debate no I have been attacked by the RNC in the last couple weeks definitely not asked to host the debate but I I'm I'm thankful to even be included in that list that's that's very sweet but no what but what would like why not I mean that's in the little that's in the documentary that we put up we put up a 30 -minute documentary about that debate preparation which really was just us having a conversation right like energy absorption like like where's the base right now what do they want to hear because as much as we want to talk about the number of naval ships and Hugh Hewitt know how many ships do we got like people are really concerned about other issues and specifically inside of the party like you shouldn't get rewarded for lying to us and that's what the Republican party just said they rewarded Kristen Welker and NBC News who lied to us for three years and kneecapped President Trump who we put in office in spite of them trying to rig the 2016 election we put President Trump in office and they destroyed arguably his first term based on a lie and they have never apologized they have never said they were wrong they they then get rewarded by our own RNC and it allows me to ask the question again and again how cucked are we if we can't say you get no debates until you apologize to our base for lying to us about the Russian collusion hoax then we really don't have a party and so it was refreshing to see somebody actually say that from the stage and then to call for Rana to resign which by the way you want to talk about moving the Overton window because I you know you know me Benny I I pick fights all the time and I've been kind of like beating the drum you know why is Rana Mcromany still in there you know in our little corner here and you know we're having fun and next thing you know boom Vivek goes on stage it's like yeah why are you in charge exactly and who are you and it was I mean now it's mainstream completely mainstream here's cut 166 Benny did a documentary with Vivek before the debate here is the conversation behind the scenes of Vivek deciding he will call for Rana to resign play cut 166.
Fresh "One Million" from Sound ON
"Business dealings in order to address allegations of wrongdoing bloomberg's billy house has more on the offer that was submitted earlier today by hunter hunter biden was subpoenaed to appear for a closed -door deposition by the committee this is his response to that and the committee says they're not ready for a public hearing or testimony bloomberg's billy house reporting house oversight committee chairman james comer says biden is trying to play his by own rules global news twenty four hours a day and whenever you want it with bloomberg clients access a vast selection of global fixed income securities at interactive brokers bond marketplace search their deep availability of over one million bonds globally ibkr has no markups or built -in spreads and low fully transparent commissions on bonds ibkr displays the highest bids and lowest offers received from the electronic venues they access in addition clients can interact with each other by placing bids and offers online to execute their trades learn more at ibkr com slash bonds pop culture something that touches everyone how we fill our leisure time and how we enjoy ourselves particularly when you're talking about the famous people and big personalities in entertainment and tech there tends to be a need to sensationalize but what i enjoy is explaining to people how the things that they love get made come to be and how people make money off of it i'm lucas shaw and i cover the business of crop culture for bloomberg my job is to uncover how entertainment is changing explain what that means for you
Monitor Show 12:00 11-05-2023 12:00
"Interactive brokers clients earn up to 4 .83 percent on their uninvested instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. That's Moderna CEO Stefan Bunsell. And that's it for this hour of Bloomberg Best. I'm Ed Baxter. Stick with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Automakers have invested plenty in technology that has made old -fashioned car keys obsolete. Now these are just signals that travel between the key fob that you keep in your pocket and the car's computer system. Now the companies are going to have to spend more to stop high -tech thieves from intercepting those signals and using them to steal your car. Bloomberg cybersecurity reporter Jordan Robertson. So let's say you're sleeping in your house and you keep your keys where most people do, which is by the front door. That device is constantly sending signals. So hackers create these tools to intercept the signals. That's how they're pulling off some of these heights. Robertson says it's a never -ending battle. Just like hackers are always kind of one step ahead of defenders on computers and mobile phones and getting inside those devices. Now we've just kind of created the same problem in cars. After years of decline, car thefts have been on the rise since bottoming out in 2014. In 2022, U .S. vehicle thefts topped one million for the first time since 2007. Larry Kofsky, Bloomberg Radio. There's danger out there. It lurks on highways and quiet neighborhood streets. It's more likely to kill you than a shark and more terrifying than the biggest snake. Distracted driving claims lives every day. Every notification, swipe, social post, video or...
Fresh update on "one million" discussed on Bloomberg Daybreak Europe
"4 .39. Oil prices also on the front foot up 0 .01 % for Brent crude futures $80 .67. Those are the markets, Lizzie. Now to our top stories. Israel and Hamas have agreed to extend a ceasefire until Thursday morning as freed for the release of 150 Palestinian prisoners. The extended truce is expected to sustain the daily ratio of hostages and prisoners. released by both sides. Israeli Defense Forces spokesman Daniel Hagary says the war must continue until all hostages are freed. It is our duty it is our moral responsibility of the Israeli Defense Forces. It's why we fight and why we must keep on fighting until all our hostages are home. Daniel Hagary also said the IDF is morally obliged to recover all Israeli citizens held in Gaza. Now to the Bank of England The Deputy Governor Dave Ramsden says that UK inflation is becoming more home grown in his words and that it will be challenging to squeeze out of the system. Speaking in a Bloomberg TV interview from Hong Kong Ramsden said that interest rates need to remain higher for longer. Certainly from the perspective of the Monetary Policy Committee we do want to emphasize that based on where we see the economy going as of now based on our current forecasts we think monetary the policy is going to have to stay restrictive for an extended period. Dave Ramsden pointed out that the headline consumer price inflation is currently less than half of was what it a year ago but that's been driven down by a bigger fall in the energy component than the Bank of England was expecting according to the Deputy Governor. Saudi Arabia is asking fellow members of the OPEC Plus coalition to reduce their oil output. The nation has been making a voluntary production cutback of one million barrels a day since July and is now seeking further support. According to delegates some states are resisting the amid call disagreements over African quotas. The group was forced to delay its meeting last week after Nigeria and Angola raised concerns over their own production limits set out last June. Pressure to intervene in markets crude oil is facing the 23 nation alliance after a 17 percent drop And sources tell Bloomberg that the social media company Reddit is again holding talks with potential investors for an initial public offering. Bloomberg's Charlie Pellet has the story. Hopefuls are preparing for a long awaited reopening of the market for new listings. Sources say the San Francisco based firm whose users helped fuel the meme stock frenzy that made 2021 a banner year for companies is weighing an IPO as soon as the first quarter. Bloomberg News reported last year that Reddit was working with Morgan Stanley and Goldman Sachs on the listing and was considering a valuation of as much as $15 billion dollars. In New York, Charlie Pellet, Bloomberg Radio. Inflation in UK shops has fallen to a 17 month low as retailers fight to track shoppers ahead of the Christmas period. The British retail consortium said that inflation slowed to 4 .3 % from 5 .2 % in October. Well that's your top stories straight ahead here on Daybreak Europe we're going to be discussing the markets with Hannah Smith vice president of State Street Global Advisors ETF business that . . The world is more complex than ever but that complexity pushes me to look at the bigger picture. I'm Emily Chang and I cover tech, culture, innovation and the future of business for Bloomberg. At Bloomberg reporters like me dig into the context of a story so you understand how it impacts you. Because context changes how you see things, how you change things. Context changes everything.
A highlight from This Altcoin Will 20X OR MORE!! (Raouls All-In Trade)
"Look, we may not be at weekly highs, but we definitely should celebrate the week that we've just had. It was definitely the first week of the bull market where we can clearly say that we're in a raging bull market. And I think we're in the beginning of a bull market. But what's going to happen now is I think we're only about 25 % of the way into the bull market and the rest of this bull market goes up really, really, really fast. We've had the tame part of the bull market and the rest of the bull market goes up very fast. Now, a lot of questions. How high will we go? How long will this bull market run? What are going to be the top three, four, five coins that are going to perform in this bull market? That is what we're going to be discussing today. Today, I've got a massive, massive banter for you. I've got a big friend of the channel here joining us, Raul Paul joining us. And we're going to talk about everything to do with this raging bull market. Today is going to be a massive, massive, I'm going to say it again, massive show. So let's go. Let's do this. As I said, we're not at the weekly highs, but we've had an amazing week. And if I would have told you that Solana would be in the 40s or late 30s at the end of the week, you would have laughed at me. And if I would told you that Bitcoin would be around 35 ,000 or 34 ,000, you would have laughed at me. Yet, here we are, and we should be celebrating. We should be celebrating the month that we've had. We should be celebrating the week that we've had. But most of all, we should be celebrating the fact that, guys, we are finally, after 770 days, we are finally in the raging bull market. And today, we're going to talk only about one thing. We're only talking about the raging bull market, how long it will last, how big it's going to be, how much money we're going to make, how high Solana is going to go. And I think Raul Paul's got an amazing Solana prediction, and I wonder if it's anything similar my to prediction. But before we get into the main show, first of all, if you're not a subscriber to this channel, what are you waiting for? Subscribe. I'm going to wait. I'm going to wait. I'm waiting. Subscribe. All right, and if you are subscribed, just smash the Like button, especially if you like what we're saying here today. Smash that Like button. Obliterate it. Let's get into the meat and potatoes of the show. In fact, one more little announcement. If you haven't already voted in our winner Bitcoin competition, go and vote. Go and vote. So, if you want to win a Bitcoin, it's so simple. It's so simple. All you need to do is open a crypto banter account in any of our exchanges using any of our referral links. Ryan, Mal, Annie, Sheldon, any referral link that you want, even our school. And if you don't have an account, use these links over here to get the account. And you can get huge sign -up bonuses, $30 ,000 in buy, but that's obviously the main exchange that I trade on. $8 ,000 in BitGet, OKEx, CoinW if you're living in the States, BitGet if you're living in Canada. And then every account allows you for five votes, right? And you can only make one vote a week. So you better get there and start voting to get five chances to win one full Bitcoin. No one in the world is going to give you the opportunity to win one full Bitcoin so easily. Anyway, with that said. All right, let's get up onto the stage. Raoul, how are you, my friend? You're starting to feel like a bull market out there, hey? It is. I'm back in Little Cayman. That was bull market backdrop. So yeah, it does. That is the true story. That is the bull market backdrop. And we're back there again. I remember that. The pool table and the bar, real bull market stuff. But this week was like a week where, for the first time, I actually felt, you know what, we're back in that raging bull market territory, right? Yeah. And as you and I have talked about, I still think it's crypto spring. We're not yet in summer. But you're just getting the later stage of spring, where you start to have a few nice days in a row. And it starts to feel good. And you start to think about having drinks outside in the pub and doing things in the sun. So that's what that point. It usually really doesn't get going. This is usually the prequel. Usually doesn't get going until summer of next year, which is that kind of halving year. That's when it goes like this almost every day for 18 months. So I wanted to show you. It's not nice for once to come in and go, oh, my god, is that up that much? That was good. I must say, so the first thing is I read this quote, which says, an entire Bitcoin bear market is behind us, and an entire Bitcoin bull market is ahead of us. And I just think that that is so where we're at. But the same account, it's an account called Rec Capital. He says he believes that we're 26 .5 % into the bull market, which means that there's 75 % odd left of this bull market. I mean, if you look at his drawings, the first 76 .5 % is actually quite slow relative to the later stages of the bull market. That's right. I mean, if I were to ask you how far into the bull market you believe we are, is this a fair representation? Exactly. It matches the business cycle framework that I've been using, the halving cycle framework. I've been more erring towards a repeat of something like 2015 without that red herring of 2019. So I think we're at the stage where we're just kind of breaking out, then we're likely to finish the year strong, and then sideways for a while, sideways to down for a bit before it really gets going. So it's somewhere between the 2019 and the 2015 -16 cycle. And what do you think happened this week? Why this week all of a sudden did we get this wake up? Did something change? Did liquidity change? Did policies change? What was it that? I mean, is there anything, or was it just, we're just here, and that's it? It seems that there was some story that BlackRock had already bought some buffer so they can sell ETF when it comes out. But I don't think that's a lot, but there's clearly new capital come into the space. We saw it with CoinShares, a few others, starting to report inflows of capital. So that's new money going into the economy, and obviously, a bunch of board degens turn it into a lot of price rises. But then we had the other story that ignited, so Bitcoin had been strong anyway because of the ETF. ETH has been kind of, it was OK, but it's been pretty sideways for a while. The thing that really started igniting was both DeFi stuff. They came out of nowhere really rallying, and that's often early season stuff. And the other was obviously Solana. Yeah, well, so DeFi, you can see, if I look at the gains this week, you can see Solana is obviously the biggest. But then you do see the DeFi protocols. You see Aave, you see all the, I saw Uniswap had a run, and there it is to 10 .7%, Curve had a run. I want to talk a little bit about Solana. We will go into the macro, and we will talk about the macro. You were pretty bullish around Solana when we spoke last time. Now we've had the DevCon. I don't know how much you updated yourself around what happened at the DevCon. It was an amazing, amazing conference, let me tell you. I'm actually still here in Amsterdam. I'll tell you what I saw, and then maybe I'd love to hear your views. But for one, I saw that the community is absolutely thriving, and I came up with a metric of brains per square foot at the conference, brainpower per square foot at the conference. And from a brainpower per square foot at the conference, I don't think I've seen a conference like that since ETH DevCon in 2017, which is when the big brains of the Ethereum community actually arrived there. There were no retail investors. There was no Flaff. There was no one talking about price. They came out, and they spoke about real announcements. So every single announcement was a real announcement. Google was a real announcement. Visa was a real announcement. Render was a real announcement. AWS was a real announcement. There was no announcement that you could drill holes into. At the same time, they also came out with network upgrade announcements, which one of them was Fideancer, which is going to give them up to a million transactions per second. Everyone thinks that that's where it stops, but that's not where it stops. It takes it one step further because Fideancer is the last step in making Solana decentralized. Right now, there's only one Solana validator client, which is the Solana validator client that Solana wrote. Now, there's going to be a second one, which means that it's the first time that you've got a second validator client that can't be updated by the foundation, which means that it's really, really, really a decentralized protocol now that can do one million transactions per second on the main net without having to go into layer twos. So I'm leaving here. I'm leaving Amsterdam tomorrow, and I'm leaving here extremely bullish about Solana. Extremely, extremely bullish. The way I see it, if there's any protocol that is going to get that one consumer mass adoption app, it's going to be Solana. It's not going to be an ETH layer 2. That's how I'm leaving here. I know you weren't at the conference, but I'm keen to hear your views. So you're picking up exactly what my thesis has been, and that thesis has been growing for about a year and a bit about I think Solana's main thing is this consumer chain because it can do a lot. So obviously, when it sold off last year, I bought it all the way through. And then I started going down the fire dance a rabbit hole. And I'm like, OK, this is a game changer because jump trading who are building it, they have one constraint that they try and work to, which is speed of light. Because what they're trying to do is get that order in to the exchange and the prices out of the exchange as fast as possible ahead of all their competition. So there's that whole book, Flash Boys, about this, where it's all about the size and the quality of your fiber optic cable and how close you are to the exchange. And then it's how fast your computer is. So they fully understand this. And they've built it to be fast enough for high frequency trading. OK. Now, for people to understand what a million TPS means, Twitter is like 24 ,000 TPS. WhatsApp is like 40 ,000 TPS. It's like this is a order of magnitude. It's 20x what Solana does, which is already the fastest chain. So the applications that's going to come out of this are game changing. And it's kind of pushed apart the argument of the trilemma because it not only made it more secure, but cheaper and faster. So, OK, that's interesting because that was not supposed to be solvable. It feels to me like we're solving some of the blockchain trilemma. On top of that, compressed NFTs. To be able to create a million NFTs for $100 basically tells me that's ticketing, that's all sorts of stuff, receipts, anything. So you've created new business models that people don't understand exist yet. They're still thinking of, you know. I'm actually getting something out on my phone, which I managed to take at the conference. And I actually think I want to read this out to you. So if you want to mint 10 ,000 NFTs on Solana, it'll cost you $18. If you want to mint 10 ,000 NFTs in Ethereum, it'll cost you $30 ,855. If you want to mint 10 ,000 NFTs on Polygon, it'll cost you $52 .09. OK, so when you scale that up to 10 million, on Solana, it'll cost you $5 ,219. On Ethereum, it'll cost you $31 million. And on Polygon, it'll cost you $52 ,087. So this is, and this is before FireDancer, by the way. This is before you implement FireDancer, just to give you an idea of the power of this network. And this is why Visa are interested. This is why, you know, they're starting to have a lot of announcements, because what they've built now is something truly extraordinary. And the price is truly extraordinary, because nobody believed this. Exactly. They were so busy saying, it's a FTX token, it's a SAM coin, it's going bust, there's no devs. It was all bullshit all the way through. Yeah, yeah. Look, we were obviously buying, we were encouraging the community to buy, we were unpopular for buying. I mean, I showed the community the trades that we actually took. I'm interested, I mean, let's have some fun. And I'm not going to hold you to any price predictions. But when I look at the market cap of ETH, I think the market cap of ETH today, and I'm going to in the beginning of a cycle, you know, we can argue that this is probably the beginning of the altcoin cycle, the market cap of ETH is about $220 billion. The market cap of Solana is about $17 billion. So you know, under the assumption of going into a bull market, let's have some fun. And just like, where do you think Solana can go in the cycle? So how I've been thinking about it is looking at previous cycles, how high above the previous high goes. it So if we look at, you know, if you look at Solana now, or you can look at Ethereum in the previous cycle, I think of Solana very much like Ethereum in 2017. OK, let's get that chart out. So that is Sol, and Sol's going back, let's go back to, that's Ethan, let's go back to 2017. Let's go on a weekly, it'll just make it quicker and easier. Yeah. So 2017, ETH went to $1 ,640. The starting point was obviously the ICO, which was at a couple of cents, I think $0 .07, $0 .09. It went to about $1 ,640. The next cycle, it went up to, I think, $5 ,400. $5 ,000. Yeah. So it was like a 3x above the all -time high. Yes. So then what's the all -time high of Solana? It's about $250. Yeah. So you say, OK, a reasonable target would be 3x the all -time high. OK, so that would take Solana to $600, which is a 12x. Now, this is exactly my thesis. So hear me out, yeah. I think it goes further than that, potentially, but who knows, right? We've all learned from the previous bull market not to give price targets because people just want to beat you over the head with them. Yeah. I mean, we're just having some fun. I mean, just looking at some scenarios. For me, the way I looked at it, I said, look, if Solana just gets to 80 % of ETH, what ETH is now at the top of the cycle? And if that happens, Solana gets to call it a $180 million market cap, which is about, which is, I think today it's at a 15, so it's a 10x. So what you're saying in terms of $600, I'm saying probably $500, $400, $500. So I think the numbers are there or thereabouts. Yeah. And obviously, the numbers have changed dramatically, because when I started looking at this, it was trading at 20, like 20, and we've already gone up a lot since then. So these numbers keep halving every time we keep going up a lot. But yeah, my idea is somewhere between $500 and $1 ,000, just depending what that market feels like. Do you see a world, do you see the world like I see the world, I see like top of the cycle Bitcoin, Ethereum, Solana, and then everything else underneath it, the BNBs, the XRPs, the you know, the only one, the only one that I don't know is what's going to happen with stablecoins. But I think if we remove stablecoins, I kind of see it as like Bitcoin, Ethereum, Solana. I actually do too, which obviously means we're going to be blindsided by something else that's interesting that we didn't think of, you know, the Solana of this cycle. What is that going to be? I'm not good enough to pick those, you're better at picking the smaller stuff. I just, I'm, you know, with a macro bet like this, it's like so much easier, because like, it's so fucking obvious. You know, it survived a crisis, it launches, the tech goes massively improving, the community's good, the only on Solana narrative is very good. So, Tolly is one of the best thought leaders in the entire space. You're like, okay, this is, it seems like the highest quality bet. You know, I did a show earlier this week for my community. And you know, what I said is, you have like 500 days to make life -changing money in crypto. And when I say 500 days, that takes you to the top of the next bull market. And I said, look, the secret is that what you're going to do is you're going to have a fully diversified portfolio. You're going to put the majority of your chips into the tokens that you think are very safe. And this was the last ETF that we actually made, it was Bitcoin, Ethereum, Solana, and we put 50 % of our money into Bitcoin, Ethereum, Solana. But then we had a few that actually exploded, like Casper exploded. And the $200 investment became worth $101 ,000 and the Kujira $300 investment became a $92 ,000 investment. So, you know, if you did that, your $10 ,000 became worth $400 ,000. And that's, I think, the importance of placing some small bets on the ones that you're pretty scared of. Yeah. But the other flip side of that, as I said, you're better than me, is I end up with the shrapnel of shame sitting in my wallet of all of the things that I bought. And it's fine. It's like a VC. You don't know what's going to fly, what's not. I just never had any of those fly. So I've just got a bunch of shame sitting in various wallets.
Fresh update on "one million" discussed on WTOP 24 Hour News
"And faith based nonprofits across the state Governor Westmore in Maryland says one million dollars in emergency state funding is now available for religious institutions and local organizations to hire security personnel eligible organizations can seek up to forty thousand dollars in grant funding through the governor's office of crime prevention youth victim and services the additional funding comes amid tensions in the Middle East right now in fact the anti defamation league has recorded three hundred sixteen percent increases in anti -semitic incidents between October and November How about this for a Christmas present the brand new truck from Tesla WTOP's own Nick Ionelli is with shoppers in Montgomery County getting their first glimpse it's amazing I didn't know that it's gonna be as good as this the Cybertruck is now on display at the Tesla store at Westfield Montgomery Mall in Bethesda and it's impacting crowds of curious shoppers I gotta tell you I was amazed even from here just you look at the lights on it and it doesn't look like anything else I've ever seen this one is just a little too wild for me the style the shape it looks like a tank from the future with a huge windshield giant tires and a stainless steel exterior it doesn't have traditional headlights either just one long light that goes straight across the front at Westfield Montgomery Mall, Nick Heinelly, WTOP News Well, with Thanksgiving over the White House is hanging up its what? Holiday decorations and the Bidens are hoping that this sparkling holiday display will make visitors feel like kids all over again this year's theme the magic wonder and joy of the season and the First Lady says the decor in each executive mansion room open to the public is designed to capture pure unfiltered delight and imagination to see you know that this season this time of year through the wondrous sparkling eyes of children from a hallway decorated with oversized candy to Santa sleigh and reindeer in paper mache flying above the grand foyer just breathtaking the decor features several nods to the 200th anniversary of twas the night before Christmas's publication Sagar of agony Washington you are listening to 103 .5 fm and wtop .com hi I'm Brian and this is my little sister Vanessa hi we have been waiting for a place to call home for years because we don't have a forever family we only have each other to hold on to and I can't imagine being separated please think about adopting siblings like visit us adopt va .com to learn more adopt va .com there are more than 700 youth in Virginia waiting to be adopted right now they need
A highlight from 1450: I Expect Bitcoin ETF Approval By End of Month
"In today's show, I'll be breaking down the latest Bitcoin technical analysis. Also, Sam Bankman freed. He is found guilty on all seven charges in the FTX fraud trial. Quoting Max Kaiser, tough talk when it comes to the minor league drug Adderall ish corner like SPF, but where's all the bravado when Jamie Diamond gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? He makes great point. Also in today's show, Bitcoin to the moon. Send it. I'm going to be sharing with you the top five Bitcoin price predictions for twenty twenty four and beyond. That's what's up. Also, the latest from Cathie Wood of ARK Invest, also a twenty seven hundred percent Bitcoin price explosion is incoming courtesy of one catalyst, according to the BitMEX founder Arthur Hayes. We'll also be talking about breaking news. The Valkyrie CIO expects the spot Bitcoin ETF approval before the end of the month. 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 YouTube channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts dot net. Welcome, everyone. Today is podcast episode number fourteen hundred and fifty. Can you believe it? I'm your host, JV, and today is November 3rd. Welcome to Moonvember of twenty twenty three. Let's kick off today's show with our market watch as we do each and every day. We got Bitcoin up about a quarter percent, hovering just under thirty five thousand. We have Ether up point three percent trading at eighteen hundred dollars. Cardano, one of the top gainers, up five and a half percent and also XRP barely in the green. And if we are in doubt, they say you need to zoom out. Let's look at the one month. Wow, that's much more sexier, isn't it? Now we have Bitcoin up twenty seven percent for the month. We got ETH up about 10 percent. Solana is up almost 70 percent. Cardano up twenty three percent. XRP up fourteen percent. BNB up seven percent. Personally, I love it when everything in crypto is a winner. It don't get no sexier than that. And look at Chainlink up fifty two percent for the month. Good lord. And check it out. Coin market cap percent in just under one point three trillion with about forty five billion in volume in the past 24 hours. Bitcoin dominance pulled back a little bit, currently at fifty two point seven percent, and the ether dominance in the 16 percentage range for the first time I have ever seen that I could recall. It's currently at sixteen point nine percent as Bitcoin dominance continues to outpace the rest of the market, especially Ethereum. And checking out the top one hundred crypto gainers of the past twenty four hours for chain up fourteen and a half percent trading at three dollars and twenty cent and Oasis Network up twelve percent trading at six point two cents, followed by the trust wallet token up almost twelve percent trading at a dollar twenty three and checking out crypto bubbles so we can see the top gainers for the past week. Massive shout out to Emilio. I appreciate the super chat. Fam, you're way too kind. Much love, much respect. He just said you are amazing. Nah, I think you're amazing. And I appreciate the orange so we can orange pill more mofos and help change the world. Let's freaking go. Much love, fam. But as we can see on the crypto bubbles on your screen, we got a lot of gainers overall. That means the market cap is pumping and a rising tide rises all ships and checking out the crypto greed and fear index. We're currently rated a sixty five in greed. Yesterday was a seventy two last week, a seventy and last month a forty nine, which is neutral. So there you have it, my fam. What's your thoughts on the current Bitcoin price action? Let me know. Are you pumped up for Moomvember? I sure as hell am. Let's dive into our Bitcoin technical analysis for the day. Check out the charts with a Bitcoin price action is likely to go next. Bitcoin broke below thirty five G's baby after the November 2nd Wall Street open, as analysis warned of overheated derivatives. As you know, derivatives are financial tools of financial destruction. Yeah, for real. Now Bitcoin under does the post fed gains. We're currently tinkering just under that thirty five thousand, which is now back at a resistance. The highs had come on the back of the encouraging language from Jay Powell, the chairman of the Federal Reserve, who in a speech suggested the interest rate hikes might soon end. Now, the Fed opted not to change the rates at the latest meeting on the Federal Open Market Committee, which was November 1st quoting their press release. Recent indicators suggest the economic activity expanded at a strong pace. In the third quarter, job gains have moderated since earlier in the year, but remain strong and the unemployment rate has remained low. Inflation remains elevated and accompanying press release stated. They also shared here that the U .S. banking system is sound and resilient. Sure it is. Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remain uncertain. The committee remains highly attentive to inflation risk. We all know they're full of ish, right, to say the least. And quoting crypto analyst, Bitcoin breaks out, reaches a new yearly high, which is currently just shy of 36 G's. Now, not a massive breakout, but as long as we say above 34 .8, which we currently are, the next target is 36 .5 to 37 ,000. And the altcoins will follow after, which is typically what seems to go down. Now, down over a thousand from its highs. Bitcoin was worrying some with derivative markets, particularly in the focus, quoting Charles Edwards at Capriole Investments. All Bitcoin derivatives markets are overheated at present. This captures the perps, futures and options. Stay safe out there. And also, we have reacting popular trader school agreed that arguing it was now the spot market to charge of saving the Bitcoin price strength, as he shares here, something to be aware of when sizing up positions currently, when derivatives get hot. This puts increasing focus on spot market to support the current prices and the trend. That's right. In his own analysis, we also had material indicators concluding caution should be applied to the current Bitcoin trading environment, meaning expect more volatility ahead and uploading the snapshot of liquidity on the Bitcoin order book for the largest global exchange, Binance. It warned support levels were apt to disappear quickly. A form of a rug pull. So you have been warned. Newcomer support gaining liquidity at this time lay at both 34 and 33 .5. So there you have it, fam. Again, how many of you are currently bullish on that? King crypto. And with that being shared, now let's discuss our next story of the day. The latest from Michael Saylor. He was recently interviewed on the news and shared some very positive sentiment in the Bitcoin market. Also, he has been a dollar cost averaging and stacking stats. This week, the Bitcoin price came within a hair of thirty six. I think we hit like thirty five nine ninety during our watch party before abruptly reversing and correcting to thirty four to fifty. But after nearly a 30 percent run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalyst for the rally remain valid. Now, despite the intraday price action, which saw almost five percent drawdown, a number of analysts remain bullish on Bitcoin naturally, and some expect another gamma squeeze. If the Bitcoin price manages to push through the thirty six three hundred level, we're only like four hundred dollars off of that right now. Just FYI, permables like MicroStrategy CEO Michael Saylor appear unbothered by the whipsaw price action. And on November 1st, MicroStrategy announced the October purchase of one hundred and fifty five more Bitcoin for five point three million. As the outlines here in October, MicroStrategy acquired additional one hundred and fifty five BTC for five point three million bucks, now holding one hundred and fifty eight thousand four hundred BTC like, whoa, and what's the most mind boggling? Saylor didn't even get into Bitcoin until twenty twenty. So it goes to show you someone can come here in twenty twenty three and become an even bigger whale than Michael Saylor. In fact, the likes of the Black Rocks of the world put Michael Saylor to shame because we're talking about mega mega mega whales on a massive scale. And when asked about the upcoming Bitcoin having during an interview on Squawk Box, here's what he had to share. Most of the natural sellers of Bitcoin in the market right now are Bitcoin miners and they have to sell to cover their electricity bills and capital costs and retire their debt. That's about a billion dollars per month worth of selling into the market. The protocol forces that to be cut in half as of next April or late April. And he also says, so you're going to see twelve billion bucks of natural selling per year converted to six billion of natural selling a year and at the same time as things like the spot ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. How many of you are bullish? Let me know. Demand is going to increase and supply is going to contract. And this is fairly unprecedented in the history of Wall Street. That's what's up now is a pretty ideal entry point for Bitcoin, according to Saylor. Also, he was recently interviewed and I actually transcribed this video clip when he was speaking on Squawk on the street. And I feel this is very relevant. Here's what Saylor says for the industry to move to the next level. We need to migrate to adult supervision. We're going to need the big banks to become the crypto custodians. We're going to need Wall Street to take a role and we need to rationalize away from the one hundred thousand crypto tokens. You know, the yo yo coins that people are manipulating to Bitcoin. Bitcoin is an asset without an issuer. It is the one universally recognized protocol that is a commodity in the space. And so when banks on Wall Street and responsible custodians are managing Bitcoin and the industry takes its eyes away from all the shiny little tokens that have distracted and demolish shareholder value, I think the industry moves to the next level and we 10x from here. Now, what's another 10x from the current price action we're talking about roughly? What is that? Three hundred and fifty thousand dollars per BTC. Send it and let's frickin go. Also quoting him here, I think the liabilities or the early crypto cowboys, the crypto tokens, which are unregistered securities, the unreliable crypto custodians for the industry to move to the next level. We're going to need to migrate to adult super vision. And I shared with you the rest of that quote. So there you have it. Let me know if you agree or disagree with the one and only giga Chad Michael Saylor. Next story of the day. This is breaking news. SBF has been found guilty in all seven fraudulent charges. Yeah, this is wild. Yeah, here we go. I'm going to read all this to you. Former FTX CEO Sam Bankman Freed was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations, meaning it didn't take long. Bankman Freed was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. Good Lord. That's a lot of charges and it's just getting started. He'll be back in court in March to continue with some more charges to probably get guilty of. We'll return to the court for sentences by New York District Judge Lewis Kaplan March 28th. So that's the date is right before the having. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Now, Bankman Freed's crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum of 20 years sentence in a press conference outside the court, the New York Southern District U .S. Attorney Damian Williams called Bankman Freed's crimes a multibillion dollar scheme designed to make him the king of crypto, right? The Michael Jordan of crypto, the Warren Buffett of crypto and of one the biggest financial frauds in American history, Bankman Freed's attorney Mark Cohen said in a statement, we respect the jury's decision, but we are very disappointed with the result. Naturally, Mr. Bankman Freed maintains his innocence and will continue to vigorously fight the charges against him. Anyone here in the chat. We have over 200 people in the live. Anyone believe he is innocent? I am just curious if there's any outliers out there. Anyways, other key FTF execs, including former Alameda CEO Caroline Ellison, FTX co -founder Gary Wang and former engineering head Nishad Singh have all pleaded guilty to various charges and work with the government to testify against Bankman Freed in the five week trial. Now, Bankman Freed had pleaded not guilty to all the charges. And during his trial, he took the stand to maintain his innocence against the best wishes of his lawyers who told him to shut the what up, just saying, and marking the FTX November 2022 collapse as a number of big mistakes I made. He denied any wrongdoing in the FTX relationship with Alameda, attempting to distance himself from key decisions, which we all know is not true, according to the testimonies of their execs, Bankman Freed pinned the blame on Gary Wang for creating a function that allowed Alameda to trade funds on FTX that it didn't have and claimed he wasn't entirely sure what happened. Oh, I don't know what happened with Alameda's line of credit, which ballooned to billions in the collapsing crypto market of 2022. In his testimony, he also blamed Caroline Ellison for not focusing on risk management. How are you going to blame your ex? That's just why. Anyways, he didn't believe he defrauded FTX customers by taking over eight billion worth of their funds. Instead, he framed it as Alameda just borrowing from the exchange. Yeah, borrowing from investors without their permission is called stealing. I just wanted to point that one out. Now, Max Kaiser responded to this attorney who spoke out and he said, this is tough talk when it comes to the minor league, the drug Adderall ish coiner like SPF, but where's all the bravado when Jamie, the tapeworm diamond, the best the CEO, JP Morgan Chase, gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? You talk a good game, but you're no different than SPF. And I think Max makes some excellent points. The big dogs get away with this all the time, of course, but clearly there's levels to this ish, if you know what I mean. Now, what are your thoughts surrounding this case? How do you think this will likely continue to play out in March as they continue with the court trial facing more charges he's up against? Let me know, fam. I appreciate that. I got some very bullish predictions to share with you. In fact, I'm going to be sharing with you the top five Bitcoin price predictions for twenty, twenty four and beyond. Bitcoin continues to circle its highest levels in 18 months. Again, the annual high for the year is currently almost thirty six thousand dollars, but let's dive right into the predictions. First and foremost, Matrix Port predicts forty five thousand within two months. So two months from November would mean January. I could definitely see Bitcoin hitting forty, fifty thousand easy peasy before the halving. But let me know your thoughts. Now, that prediction came from Matrix Port, the crypto trading firm founded by Jihan Wu, himself a founder, a Bitcoin mining giant Bitmain in a blog post in late October. Matrix Port doubled down on a forty five thousand year end price targets. That's the Christmas target. Let's go, Santa, which is initially revealed in January. It was based on a handful of in -house models with Matrix Port also successfully predicting Bitcoin's October gains. Quitting them here, Bitcoin is breaking above the July thirty one five resistance showing that forty five is achievable by the year's end. And again, I think that's a very doable target. But let me know your thoughts. The next prediction comes from Bitcoin. They say new all time high pre halving. I also agree with that, especially if we get the ETF approval. I would anticipate above and beyond sixty nine thousand before the April twenty twenty four halving, but that's only if you know what I mean. We'll see how this plays out. The halving is a watershed moment. We all know the blocks of subsidies get cut in half for the miners in September. Bitcoin stated Bitcoin would surpass its current sixty nine thousand peak before April of twenty twenty four. Now they shared here, no, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all time high before the halving. No, Bitcoin is not going to one hundred and sixty G's because the magnitude of every pullback is large. This means it'll peak after the halving in twenty twenty four. And yes, the target price is around two hundred and fifty thousand dollars. I love that. That's right in alignment with Max Keiser's short term target of two hundred and twenty thousand. Now, they also shared this chart. Both the all time high and the post halving two hundred and fifty thousand target came courtesy of the Elliott Wave theory charting, which we cover commonly here in the show with Bitcoin mimicking the behavior from the previous cycles. And you can see their estimation of how the Bitcoin price is likely to rise is coming directly from Bitcoin. Now, Bitcoin did, however, make room for a total of four pullbacks. As outlined in this chart, you can see one, two, three, four. Before we hit the peak at five, quoting them here, there will be one pullback before breaking to a new all time high, followed by another pullback at around one hundred and twenty five thousand. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here. Now for the next one, three Bitcoin price models, one hundred and thirty thousand dollar target zone. That's right. Let's freaking go. Quoting CryptoCon here, I'm prepared for the lower prices, but the stars are aligning at one hundred and thirty for the Bitcoin this cycle. And the concept also hinges on the halving events and the next peak should come around four years after the sixty nine thousand dollar move in November of twenty twenty one. We all know everything is cyclical and Bitcoin every four years driven by the halving. Now the one million dollar question. How about a one million dollar Bitcoin price target leads us to Kathy Wood of ARK Invest, the CEO and chief investment officer, has joined former BitMEX CEO Arthur Hayes in doubling down on her seven figure price prediction when this could happen, understandably up for debate. But changing macroeconomic tides have emboldened what remains a daring Bitcoin price prediction. In October, Hayes maintained that the path to a one million dollar coin was in full effect thanks to the macro reality. Now quoting BlockWorks on the Margin podcast right here, this was shared actually on an interview. If people lose faith in the bond market and this fiat artificial construction we have created over the past 80 to 100 years, this global economy and how it has been structured, if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we have never seen before. He shared over in an interview and speaking of Kathy Wood, she was just on Bloomberg and here's what she shared when she was asked, what's a better hedge against inflation? Is it Bitcoin or is it gold? And very boldly she said, Bitcoin hands down, hands down is a hedge against both inflation and deflation. Yes, so is gold, but Bitcoin is digital. And if you look at the incremental demand we are going to see, but gold already has its demand. You know, it happened already, right? Bitcoin is new and institutions are barely involved in the young people would much rather prefer to hold Bitcoin than hold gold preach. So it's interesting that both gold and Bitcoin are hedges against deflation, but Bitcoin has been doing better recently preach and Bitcoin naturally will consider outpacing gold. I think it was Max Kaiser who said for every dollar, the Bitcoin price action increases. I'm sorry for every dollar, the gold price increases expect Bitcoin to go up by over $20 meaning it will continue to outpace gold by a factor of 20. Let me know if you agree or disagree fam. And we spoke about Kathy Wood and her a $1 million price prediction. In fact, she even has a bullish case scenario by the year 2030 of Bitcoin hitting $1 .48 million. Keep that in mind. But now let's discuss Arthur Hayes, the BitMEX founder predicting Bitcoin price to rally 2700 % taken us to $1 million per coin. And then we'll dive into the latest updates with the likelihood of the spot Bitcoin ETF being approved this month in November. According to the major asset manager, here we go. BitMEX co -founder Arthur Hayes is doubling down on a prediction. The Bitcoin is destined to reach the seven figure price. Hayes says that a monetary policy tool known as the yield curve control will act as the catalyst for Bitcoin to reach that 1 million Mark, a gain of around 2 ,700 % from the current level. Send it, let's go. Central banks use the yield curve control to influence the longterm interest rate level by buying longterm bonds as much as possible to prevent the rate from rising above the intended target. And according to Hayes, the entire U S government is enabling a loose monetary policy environment. Even as the fed continues tightening. Now the BitMEX founder first predicted seven figure Bitcoin earlier this year in March in that essay, which I covered here on the show. And at the time, he argued that China's loosening of his monetary policy would trigger Bitcoin to explode to $1 million per coin. Hayes also says the decision by the fed mid this week, uh, pause the rate hike interest rate suggests it's time to pump it up, pump, pump it up. And according to the BitMEX founder, the feds decision would trigger other central banks to also ease their monetary policy. Quoting him here over to you, BTC, let's go. I shall increase the pace of my rotation out of treasury bills and into Bitcoin and ish coins. Now that the fed had paused over two meetings, every other central bank has cover to print expect massive stimulus coming from China, Europe and Japan. So there you have it coming directly from crypto Hayes. Just blaze. Let's get it now for the moment you have all been waiting for. Let's dive into our featured story of the day and discuss a Bitcoin ETF being approved this month in November. And what would that mean for the crypto market? Let's break this baby down. We have Steven McClurg, the chief investment officer at Valkyrie investments has put forth a strong indication that a landmark approval from the U S SCC for a spot Bitcoin ETF can transpire by the month's end. Send it and let's go. The approval of the spot ETF is currently one of the biggest factors influencing the Bitcoin price as well as the entire crypto markets trajectory. You can say that again now alongside the financial giants such as black rock, the world's largest asset manager fidelity, which is about half the size of black rock. We got Vanek, we got Invesco, we got Valkyrie, one of the companies at the forefront of the battle with the SCC over the spot ETF. We also have grayscale. Don't forget the GBTC product. We have the firm managing to Bitcoin related ETFs at the moment. Now Valkyrie Bitcoin and ether strategy ETF and the Valkyrie Bitcoin miners ETF with a combined asset value of 51 .1 million at this time. And they also have active filings for spot Bitcoin ETF. Now McClurg, citing the latest amendments to Valkyrie spot, Bitcoin ETF app anticipates the SCC will issue another series of comments within the next weeks, potentially setting the stage for the approval of the 19 before rule changes by the end of the month. Send it quitting him here before anything else happens, we get a second round of comments and I believe we'll probably get those comments in the next one to three weeks. A late November approval likely means a February launch. So note that if we get the green light in November, it means the Bitcoin ETF would likely launch a few months later in February, which would be right in time again for the Bitcoin having. Now he also shared with ETF .com this interview suggesting a timeline for the SCCs response to these crucial amendments. He also argues the SCC can wait until January to ask the applicants to put the final touches on their S one filings. That's the other alternative scenario. Now Nate Geraci, host of the ETF prime pod explain that Valkyrie CIO suggests SCC can approve the 19 B fours exchange rule changes for the spot Bitcoin ETFs by the end of November and then the S one registration statements early next year. These don't have to be approved at the same time, so keep that in mind. Though they need both for the ETFs to begin trading. Now in recent weeks, the SCC has been actively communicating with ETF apps and disclose that the agency is carefully scrutinizing all spot Bitcoin ETF apps. The focal points of the SCCs inquiry have pertained to the comprehensive explanation of various risk disclosures, methodologies concerning index usage and net asset value computations, environmental risk inclusions, as well as detailed insights into custodial practices. Recent amendments to filings by entities such as BlackRock and VanEck have been augmented to eludicate how initial fun seating could be conducted and also note that BlackRock already began seeding their ETF back in October, which was last month. This is something that Larry Fink their CEO has already disclosed. Now because of that, industry experts remain cautiously optimistic. We have Matt Hogan, the CIO of bitwise asset management, highlighting lingering concerns, quitting him here. Market manipulation is still a potential stumbling block. Custody isn't a wrap, so there is still a lot of work to do, he stated. Now the anticipation isn't purely speculative. The man forecast suggests substantial interest. McClurg envisions about 10 billion bucks flowing into these products within the first one to two months post launch. While bitwise projects 50 billion in inflows within the first five years. I think that's extremely conservative. I could see trillions of inflows within five years, but hey, to each their own. Valkyrie revised its spot Bitcoin ETF filing October 30th a few days ago with an S1 registration statement submitted to the SCC outlining the Valkyrie ETF. The proposed fund shares are intended to be listed under the ticker BRRR on the NASDAQ stock exchange. Valkyrie updated their app and a part of a wider trend as several firms have similarly refiled their spot ETF apps signaling a concerted effort toward regulatory compliance and optimism for approval. Bloomberg ETF analyst, James Saferard identified these amendments as positive signals for progress and possible imminent approvals. Let me know which you think will get the green light first from the SCC. We all know it's imminent. We all know it's going to happen, but when is it going to be November? Is it going to be December? Could it be January? Could it be March? Let me know in the live poll we have on the screen. I have some bonus content to share with you before we dive into the live Q and A. This is from jury and Timur. Why is this so relevant? He is the head of macro at fidelity fidelity being a four and a half trillion dollar asset manager. He's the one who predicted a billion dollar Bitcoin price by the year 2038 and here's something he just recently shared. He shares some incredible threads I want to share with you. Bitcoin is volatile, but it's scarcity and adoption curve create the potential for it to be a high powered hedge against monetary shenanigans. I think of it as exponential gold and in this chart it shows you Bitcoin going past $1 .2 million per coin. That's pretty sexy. Gets me excited as he shares here. One of the attributes of Bitcoin is that it's a network asset and as such it's adoption curve has followed the typical S curve shape. We have seen many of the S curves throughout history and he continues here in the thread. The question, where is Bitcoin's journey along that S curve? A network assets value is driven by its adoption curve, so the slope of that curve matters a lot. Makes a good point. And when I first went down this rabbit hole in late 2020 it's adoption curve, which I defined as the number of non -zero addresses was very steep. It resembled the S curve for mobile phones during the 1980s and the 1990s, which was pretty promising. I'm going to read you a few more now. However, as the real rate narrative changed from dovish in 2020 to hawkish in 2022, the adoption curve flattened and it is now closer to the slope of the internet adoption curve from the two thousands and it has not made much progress since 2021. Now we also had some other threads which are very valuable. I'm just going to read the lead part of it with Bitcoin moving up. Once again, will its adoption curve accelerate as it did a few years ago and how does the macro trend on rates affect it? There's some very insightful data. If you want this, check the show notes below the video in the description. I'll include all of this. And he had one more good thread continuing the discussion from the recent thread on Bitcoin. I highly recommend you check this out because again, this is the head of macro over at Fidelity, one of the world's largest asset managers. So there you have it, my crypto fam and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in our live Q and a, and I look forward to seeing you on tomorrow's episode.
Fresh update on "one million" discussed on WTOP 24 Hour News
"Old is accused of opening fire on the three men in Burlington over the weekend as Saturday they were simply walking to the house of a relative of one of the victims the FBI is investigating the shooting as a potential hate crime this week shooting suspect Jason Eden is charged with three counts of attempted second -degree murder police found a pistol and magazine of bullets during a search of the suspects apartment which is across the street from the crime scene ATF tests have since connected that firearm to the casings that were recovered at the scene of shooting CBS News correspondent Errol Barnett North Korea's claims it is actually the first operational spy satellite it sent out has captured images we're told this morning of the White House among other sensitive US locations apparently reporter Alex Jensen says it comes within a week of its apparent launch assisted with suspected Russian support having already claimed to have received imagery of US military bases in South Korea and Guam North Korea's now been able to spy on the White House the Pentagon and aircraft carriers docked in the US according to state media but the North's not released any of these images fueling questions the new filing reveals apparently week this donations to the RNC Republican National Committee are way down the RNC reports having nine point one million dollars on hand as of October 30th that's about half as much as the Democrats reported seventeen point seven million Washington Post national politics reporter Isaac says that's he says there are several factors he thinks behind this on the small online donations side there's been a downturn not just for Republicans and not just for the RNC but really all online fundraising has really started to
A highlight from Solana Firedancer Launches! | MASSIVE Breakpoint Updates + RECAP
"Big today. announcements You guys are not going to want to miss this one. There's a lot of alpha here that you need to take into consideration if you're looking at Solana, but more importantly, if you're looking at crypto. Let's dive in deep. My name is Paul Baron. Welcome back into Tech Path. I want to kick off the show today with some clips out of Breakpoint that will give you guys kind of a framework. I want to just jump over to this first clip. Let's start here. Solana should have no single point of failure anywhere, and that includes at the protocol layer, that includes at the sort of human element. There shouldn't be any one team that the entire network is dependent on to push updates or to understand the protocol. In 2022, there was a single client. This was the validator software released by Solana Labs. Today, 38 % of mainnet runs JITO. This is an alternate client. They've made some changes to the original one. So it's really great to see not just the adoption, but also a second team that has pushed stuff to mainnet. Ideally, what we'd like to get, four separate validators written by four separate teams in four separate programming languages with optimal kind of even distribution of stake across mainnet. One team that is really helping us drive this forward is Fire Dancer. Early tests, early demonstrations have shown somewhere between 10x and 100x, sometimes more, improvement in some elements of the Solana stack. And I am really excited to announce that right now, first version of Fire Dancer is live on Testnet. All right, so big news there. Fire Dancer is live and this is huge because if you haven't covered or followed what's happening within the Solana ecosystem, I invite you to go back and watch our video on Fire Dancer where we break it all down. But if you go over to just the Fire Dancer Solana validator, this is where you can learn a little bit more about it. Over on GitHub, if you want to dive in a little deeper. Let's go over to another clip because this is where we get into kind of the litany of what this means for Solana overall. And the key thing here, I think, in general is all about speed and totally kind of sets it up here. Let's listen in. You will see like the difference between 98 % of the blocks arriving to 99 .5. And for somebody that, for you guys, you may not see that as a huge difference, but for the engineers working on this, it is a massive improvement. It's like 70 % better. That means that like maybe now could be the time where you can tighten that a bit. Maybe we can start setting block times to 300 milliseconds. Not promising that, and I'm sure Bizat is listening to this. He's like shaking his head. But when things start running very, very smoothly, you can push things to the next level. All right. So what he's talking about there is really kind of the improvements that are coming. And I would agree. I think the framework of what they're trying to build is all about transaction speed, and that's going to be, as you've probably heard me say before, the number one asset of Solana is going to be transaction speed and the ability to scale, because the need is going to be there as we start to look at not only movement in the NFT market, but around payments. Payment is going to be a big factor here. I want to go to the next clip here, which gets into the actual speed test with Fire Dancer deployed. Take a look. How fast is it? Incoming transactions getting processed. Early demos from the Fire Dancer team have showed the ability to process over one million transactions per second, per tile, per CPU core. Some people run 16 core machines. Some people run 32 core machines. This continues to scale to millions and millions of transactions that this is handling. No problem. Same story on the network outbound. These things will always get faster. They will always get cheaper, which means Solana's performance will always increase if we're only bound by the capacity of the hardware. This is not going to require a new scaling solution in two years or five years when Solana is running at hundreds of thousands of user TPS. It's just going to keep on going. When you think about what technology advancements we've made in compute power over the past two, three decades, I would put this one up there at one of the top 10 for sure. What they've been able to do is pretty amazing. Good stuff. Now the question is going to be, of course, timeline. ETA, because I think right now it's a very critical point. So let's listen in what they had to say. We've got Frankendancer on Testnet. Ultimate goal is to get a full FireDancer on Mainnet. The team is working on two efforts in parallel right now. Frankendancer, this FireDancer networking with the Rust runtime, this is a viable candidate for Mainnet. We can absolutely see Mainnet validators running this. Not yet. Not production ready. Don't yell low. Estimated timeline for readiness is the first half of next year to see Frankendancer on Mainnet. Super exciting. In parallel, the team is working on rebuilding the runtime. They're reworking the code that implements the consensus algorithm, hoping to bring this to Testnet later next year. I think the real question will be, how far will they go in this next year? Because they've leaped forward dramatically between Breakpoint last year when it was over in Lesmon. And I think now, this is good news, and we're probably going to see more and more releases throughout the week. Remember, I think two or three more days for Breakpoint. So a lot happening around Solana. It's obviously why you saw Solana take a little bit of a clip up the chart in the release of what they're doing right now on the Testnet. Let's take a look at this next clip. It goes into Solana's decentralization powerhouse and what it might mean for the project. Listen in. That makes Solana and Ethereum the only two major blockchains to have more than one live validator client. Woo is right. Yeah. And this is a pretty cool graph. So Jito went live just over a year ago in August 2022. And since then, stake has climbed up steadily until it's reached about 36%, 38 % today. This is massive, right? We have tons of distribution already on the Solana network and more to come. There are over 2000 block producing validators live on Mainnet today. The Nakamoto coefficient is the minimum number of nodes that would need to collude in order to halt the network. And on Solana, this is at 23. It's one of the highest amongst all proof of stake chains. No country has close to 33 % of stake running through it. On Solana, you see a lot of distribution when it comes to data center. There's some major networks out there that have more than 50 % of data center distribution on AWS. This is not a problem on Solana. No data center has anywhere close to 33 % of stake. What they just showed there is the validation that decentralization is real. It's not this kind of the pent up thing that you hear a lot about some blockchains. Solana is really one of those that's walking the walk. And I think that's going to be a big factor. Now, some of the other things that also you have to look into is the growth around ESG, carbon footprint, etc. They have an answer for that. Listen in. A couple of years ago, the Solana Foundation, we wanted to measure the carbon footprint of the Solana network. Solana became the first layer one smart contract blockchain to have its carbon footprint measured in real time. Yeah, there we go. This is awesome. So a single transaction on Solana is about the energy equivalent of 700 joules. That's less than the energy that it takes to do a single Google search. Real time carbon measurement is not the only climate positive thing happening on Solana. There's an incredible network of over 20 regenerative finance or refi teams that are building on the network. You have companies like WiHi, which are applying the lessons of deep into weather tracking. There's even someone in the group who is using helium hotspots to track lions in the Maasai Mara. Like it is really, really cool stuff. Even though I don't believe that we're seeing extension of this narrative, there's data out there that shows a little bit differently. And I want to showcase a couple of things here on Solana Climate. If you go over to SolanaClimate .com, you can see these charts. But I want to showcase the one right here on energy usage comparison of the Solana. She was referencing the one Google search 1 .67 transactions, essentially to equivalent of that 55 transactions for an hour of LED light bulb. And then further on down, 19 ,444 transactions for just a central air conditioning per hour. This is one central air conditioning. Imagine the billions that are being used out there right now. Then if you look further into it, it shows you the number of transactions that you can compete or complete around one Bitcoin transaction, which I thought was interesting. Let me kind of zoom in on that for you guys. 7 .7 million transactions for one Bitcoin transaction. These are the kind of things, when we look at real scalability, especially around payments, that are going to be the ultimate around what technology and blockchain is going to be used for the future of our finance system. Now, a couple of things I want to hit on ESG. This kind of defies the critics around private market fund size. These are all surging. So Solana will most likely get in the ESG basket when it comes to investors moving in. So from 2020 to 2022, there was a three -fold increase in annual capital raised for ESG funds, so growing from around 29 billion to 92 billion. More to the point, there's also been an increase in average fund size. This has also risen from 400 million in 2017 to 600 million last year, even though that's not a lot. So if we continue to see this kind of growth, could we see $100 billion growths in ESG, especially around the next layer of things like AI, compute power, what we'll see in the use of EVs, along with solar and wind technologies are going to make it. All those kinds of new technologies, like what ARK Fund invests in, kind of this next generation of innovation, ESG could be a big part of that. Solana's going to also kind of join in the crowd there. I want to jump over to why compressed NFTs continue to be a focus area that people are not, I don't think, giving enough credit to. Listen in. So there are 96 million NFTs that have been minted with state compression on Solana network. This is the number of NFTs that have been allocated on the Solana network. 2 .5 billion NFTs can be minted today without increasing the number of trees. And you can see exactly where state compression launched. In April of this year is when state compression went absolutely bonkers. $140 for a million NFTs dramatically changes the kinds of constraints and assumptions you can make when you're building products. Whether it's ticketing systems down the road when we get into major corporations utilizing NFTs in a big way, travel industry, retail industry for loyalty, all things that we could consider on the collectibles market, much less the in -game assets, all those kind of things flow into that. Don't forget, check out, we just did a big video drop of the Kleenasaurus guys. Their team came over. We did an interview with them. There's a lot happening on that project as well. So check out that video just over on our YouTube channel as you're watching right now. If you're not subscribed to the channel, make sure and subscribe right now. It's one of the things you're going to do to get additional alpha. It's also a great way for you guys to get involved to the PBN group. And of course, I want to jump over to another clip here because we're going to get into a little bit more detail around their, I won't say partnership, but the use of Amazon's AWS. Listen in. I would like to share with you the way to run Solana nodes on AWS, which is available now. And with a couple of commands, you can spin up a Solana node. And I'm happy to share with you that the AWS Activate program is now available through Solana Ventures. So if you are a startup and you join the Solana Ventures, up to $25 ,000 available for you to spend on AWS services throughout two years. I want to jump also over to this post right here from Solana talking about its partnership with BigQuery. This, of course, is again another partnership with Google Cloud. So just more news and more advantages, I think, going into the Solana ecosystem. One of the other things that I want you guys to kind of take query to, this was a video that we did quite some time ago on avalanches of a cloud. And this was the partnership with, of course, Amazon and their one -click capability of spinning up a validator. So the opportunity here, I think, when you look at what Avalanche has done away from what Solana has done, the point is that there is already kind of a roadmap direction of these partnerships with Amazon that I think are going to become even more and more critical in the future. So if you guys didn't catch that video, if you're a big Avax lover or you like what we're doing, that's one of the tokens we still have in our portfolio. It's one of the ones we really like going forward. Take a look at that video because it'll teach you a little bit more about their one -click process that they've done with Ava Cloud. Alright, another thing that I want to get into, this was Franklin Templeton, the investment house, talking about tokenized assets at breakpoint. So listen in. At scale, on -chain infrastructure costs at greatest one -twentieth of what it costs to run the existing TradFi infrastructure. So the cost savings are immense and when you look at that through the lens of a trillion dollar asset manager with basically institutional clients from all around the world, it matters at the end of the day. It's a significant savings. Yielding assets are better, whether it's a money market fund today or we all see where yields are probably destined to go. The medium -term thought at Franklin Templeton is let's get more funds on -chain. It's a money market fund today. Maybe we transact with a money market fund. It could be any kind of fund. Now what he said there is very important. The 20x cost savings is dramatic. If you applied that to any business out there, especially in the capacity of what we'll see in tokenized securities going forward, meaning much more of them, you're going to need heavy lifting from a blockchain much like what Solana's been able to do. So if you just look at, again, at tokenized securities right here, total value, 704 million right there, almost 5 .2 % in yields going. But if you look at the treasury products, right there's Franklin Templeton, a market cap of 312 million right now. So again, you can kind of see Solana usage, Polygon, Ethereum, a lot of this moving into the market around securities, around tokenized securities. So again, this is just another opportunity for how blockchain will be used. And this is one of the points that I argue a lot, I think, with not only traditional investors, but people in traditional finance is that forget about the crypto side of it. Just think about what the technology is doing and the kind of projects that are out there making and or enabling what we will see around tokenized securities of the future. It's going to happen, guys. It's going to happen for sure. We'll go to another clip. This is talking about Visa. Remember, we did a full video on Visa and the partnership, the test that was going on with Solana, why they selected Solana. Listen into this clip. You know, a lot of people were super excited about hearing about this pilot. Very kind of fundamental level from the Visa perspective, we're going to be chain agnostic and we believe in a multi -chain world. What's the must -haves as you're looking at payment use cases? So examples are like performance. And I think earlier talks about performance definitely demonstrate that there's things like security. And there's also things just more like less like less tangible, but things like do you have a strong developer ecosystem that matters quite a lot to us? One thing that they said there that I think is interesting, this being the Visa representative talking about a multi -chain world, this I think opens up the opportunity for other major projects to be included in what we'll see in terms of a really kind of a renaissance in payments. Because remember that payments have been controlled by what they call merchant validators, we'll call them, so to speak. But it's basically the merchant operators that handle the transactions between the retailer and these big banks. They're making a cut of that. They're the middlemen. This, I think, is a major light -year move ahead in payments if this actually works in this pilot. So this is a big one. If it goes through and Solana wins it, I think the interesting thing she stated there, obviously multi -chain, but the point being Solana right now out in front. So a big one for sure. Now let's talk about payments because this came from Solana developers' Twitter account. And it was mainly showcasing the vending machines over there. But the reason, and we showed this yesterday I think in one of our Solana videos, was the tap. And this was from Venta. Venta, we kind of showed some of the variations. But the point is that the technology for being able to use this directly to blockchain, again, just starts to accelerate the opportunity, loyalty cards, loyalty bands, loyalty whatever, out there in the terms of the future when it comes to retailers for quick payment, which is a big, big deal for merchant activations. And also the percentage of merchants that are trying to gain new loyalty members, meaning people that can get back to come back to their restaurant more often. So this is another big opportunity I think going forward. Let's go over to Visa and WorldPay. And what is the future there? Listen in. How do the organizations look at the potential threat to your core businesses? So I don't know how many people have gotten the wristband, but this is a very cool implementation. I have USDC loaded in this. I tap on the vending machine. It's not touching card rails. It's actually an on -chain transaction. So you could view that from a Visa and WorldPay perspective as very disruptive. How do you sell that in internally to be like, we're going to experiment in these businesses that could cannibalize massive fee revenue for us? I think it's a tough question and it's an interesting one. If there's a bunch of pinpoints in the world, they don't change. Whether it's blockchain or not, there's always going to be pinpoints, i .e. opportunities for us to tackle. So for those that are using the wristbands loaded with USDC, how did everybody get USDC? You may have used a card to buy the USDC, right? So I think depending on how things are structured, there's still very much a role for WorldPay and Visa and companies like us in the ecosystem. So you notice there was a couple of tells there. At least I kind of noticed that from the Visa's representative. She took a deep breath there. This is a major step forward in disrupting the transaction fees that happen in traditional credit card payment systems that are out there today. Now the question that the WorldPay guy talked to is, you got to go through banks and you're going to continue to do that to be able to onboard and on -ramp. But remember, it is very likely that we're going to start to see normalized stablecoin usage in banks and in traditional financial institutions. But the on -chain transaction capability, instead of the guardrails that are currently being used right now, which are about 30 years old, this revamps the entire thing. I think this is a great opportunity for companies like Visa, American Express, all those that can revamp their entire systems, much like when you look at what's happening in the scenario that Franklin Templeton talked about, which is revamping an old system that is 20x less expensive. These are the kind of things and advancements that are being made out there. So definitely a big one for sure. All right, listen, if you guys are not following Solana right now, let's go take a look at the chart. Kind of just run up the chart real quick and see where Solana is right now. Of course, some of this movement that we see right here on the 4 -hour, a lot of this has been the fire dancer announcement, which took Solana up to $36 right here. Will we see it continue to climb? I will tell you this. We were looking at sentiment this morning. This is one of the hottest sentiment trackings that we've done to date that I've seen, mainly because we've just seen so much activity. But does that mean that Solana is going to go to $40 right now? I think it's overheated. The question is whether I can hold at this point around $36. Love to get you guys' input on it, what you guys think. Drop some comments down below. Make sure and subscribe to the channel too because it's going to give you guys additional info. And if you're not in our diamond circle, make sure and get in there as well. It's one of the greatest places to catch additional content. If you want to catch me on X, it's at Paul Baron. Catch you next time right here on Tech Path. Thanks for watching.
A highlight from 1447: Max Keiser: Bitcoin will reach $10,000,000 per coin
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and this just in, there are now nearly 40 million Bitcoin addresses in profit, which is a new record. So congratulations and shout out to my long term hodlers. Also in today's show, as I shared, the Bitcoin white paper turns 15 years old today as Satoshi Nakamoto's legacy lives on. Let's go. Also in today's show, crypto asset manager Valkyrie amends their spot Bitcoin ETF filing. I'll be breaking down this latest update, as well as a Bitcoin rally to $50 ,000 per coin is now on the cards as the Bitcoin bull market arrives. According to top crypto analysts, I'll be sharing his timeline. Also in today's show, Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and price predictions and warns of suicide bankers that will destroy the world. Not only that, but Max Keiser gives Alex Jones a simple, very simple five question Bitcoin quiz for 10 ,000 Bitcoin worth $350 million in today's terms. I'll be breaking all this down for you. 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 YouTube channel at Cryptonewsalerts .net. Again, that's crypto news alerts dot net. Welcome, everyone, to podcast episode number fourteen hundred and forty seven of the Cryptonewsalerts pod. Today is Bitcoin's birthday, October 31st, 2023. Bitcoin is 15 years old and I'm your fearless host, JV. We have lots to cover, as we always do. So let's kick it off with our market watch. As we can see, you should be able to see Bitcoin barely in the green, holding on to thirty four thousand four hundred support. We also have ether barely in the green, a little bit of boring trading sideways action. But if we check out, you know what they say, when in doubt, zoom out. Right. Let's check out the seven day coin 360. Bitcoin's now up four percent. You got XRP up nine percent. Let's zoom out a little more and check out the one month price gains. Let's freaking go. This is a testament that October in full effect, Bitcoin is up almost twenty eight percent this month. Let's freaking go. That's pretty massive. And let's not forget, we're moving into moonvember tomorrow. So do you think we're going to surpass forty thousand? I think so. In fact, if I was a betting man, I'd bet on it. Now, if we zoom out, can we even zoom out a little more? Let's see here. Well, let's switch it up. Let's go to coin market cap dot com. We can see the crypto market cap currently sits at one point two eight trillion with Bitcoin dominance at fifty two point eight percent and the ether dominance at seventeen point one percent and checking out the top one hundred crypto gainers within the top or in the past twenty four hours. We got Celestia, which I've never even heard of before. Up sixteen percent. We got XDC up six percent trading at five cents, followed by TonCoin up five percent trading at five dollars and thirty three cents and checking out crypto bubbles. We can see the top gainers for the past week. We have a mixture. Some are in the red, some are in the green. And let's zoom out. Let's check out the weekly massive gains in the green. Let's check out the monthly. Wow. Incredible. Some of these alt coins are up 50, 60, 70 percent, which is pure insanity. E -Hacks is up one hundred and forty five percent. What about the annual? Holy moly. And let's check out the market cap plus the week and we can see Bitcoin and a big bubble at three point three percent, followed by ether at two point nine percent and checking out the crypto greed and fear index. We're currently rated at sixty six, which is greed. Yesterday, a sixty eight. Last week is sixty six and last month a forty eight, which is neutral. So there you have it, fam. Yeah. So let's kick it off with our Bitcoin technical analysis. Check out the charts with the Bitcoin price action is likely to go next. Here we go. Bitcoin's price trying to push towards the coveted thirty five thousand level. The current high for the year is thirty five thousand two hundred, but has so far been unable to progress. The rest of the crypto market seems to continue with its consolidation, with some of the alts performing better than others. So let's start with Bitcoin here. The Bitcoin price was trading above thirty four G's and seemingly pushing for the thirty five level. And right now we're right in between those two marks. Today, the price remains above thirty four, roughly thirty four five at the time of the live, but is unable to reach the coveted resistance level and is currently at a loss, but barely. We're, you know, kind of tinkering. And liquidation data is also interesting to monitor. According to Coin Glass, the total liquidations for the past twenty four hours are just short of one hundred million bucks. Most of these were long positions accounting for sixty three percent of the total. This shows that the bears were more dominant over the period. Now, the majority of the liquidations, as always, happened on Binance, which is the largest crypto exchange in the world, followed by OKEx and Bybit. And I'm curious, what's your go to recommended crypto exchange? Do you use Binance? Do you use OKEx? Do you use Bybit? Do you use Coinbase? Do you use Kraken? Let me know, fam. And let's now check out some of the technicals specifically for Bitcoin. Right now, as you can see, the oscillators on the left, we have three cell signals. We have seven neutral and one buy signal. And that one buy signal is the MACD, which you can see here on your screen. Now, if we scroll to the right a little bit, we can see for the summary, there's currently eight neutral signals. There's four cell signals and 14 buy signals, which is definitely a bullish indicator. And for the moving averages, which may be cut off on your screen, but I can read it to you. It shows you sell signals, only one neutral, only one. And we have freakin 13 buy signals right now. The market is ripe and ready for continuation of some momentum. So let's freakin go. Now, let's break down our next story of the day and discuss some technicals, which are definitely bullish for Bitcoin. As you can see here, there are now nearly 40 million addresses in profit. If you're one of those 40 million Bitcoin addresses in profit, make some noise in that live chat and let's freakin celebrate. I mean, that's a massive victory, to say the least. Bitcoin has more wallet addresses and profit than ever before. Despite Bitcoin's price being 50 percent below the all time highs. That's right. Right now, you can buy Bitcoin two for one special, but it's not going to last for long. So seize the moment, fam. The latest data is from on chain analytics from Glassnode showing a record number of addresses in the black. Bitcoin may be nearing 18 month highs, but its recent gains were already enough to spark the significant changes in investor profitability. Shout out to relaxing and meditation music. I the appreciate ten dollar super chat. Much love, much respect. Keep it coming. Let's go. Per Glassnode data, the number of addresses in profit as of October 30th was thirty nine point one million. This is the highest number ever recorded for the Bitcoin users and beats the previous peak of thirty eight point one million seen back in November of twenty twenty one. And does this date ring a bell? That's at the time we hit the all time high of sixty nine thousand. Now, at the time, Bitcoin itself traded at those all time highs and thus 100 percent of the addresses in existence with a non -zero balance were obviously in profit. And while the current spot price remains 50 percent lower than those levels, the total non -zero addresses now number forty eight point three million, as you can see here in this chart. And it's just likely to continue soaring and rising. Bitcoiners taking over the world. Yeah, I mean, in percentage terms and profit addresses, they have yet to match their performance in absolute numbers, but nonetheless, at 18 month highs of eighty one point one percent. Let's go. The tally has gone from 60 percent to over 80 percent over the past two months, as Glassnode shares here in the chart. And by contrast, addresses at a loss currently stand at just over nine million at their peak in December of twenty twenty two. Following the FTX meltdown, the total was over 20 million. Now, as reported, the past week has seen the Bitcoin price action pass multiple resistance levels while returning both the long term and short term hodlers back to profit. This in turn sparked profit taken at the much more speculative end of the hodler spectrum, especially as the market passed thirty four G's. Now for crypto analyst Van Stratton, research and data analyst at Crypto Insights Crypto Slate. This underscores the difference in mentality between the cohorts, quoting him here. Bitcoin has shown remarkable strength above thirty four thousand for the past five days while witnessing one of the strongest profit takings in the past two years for the short term hodlers. Now, long term hodlers have barely budged the six largest profit taking this year, but minimal in the grand scheme of things and accompanying the charts from Glassnode tracked these inflows to the exchanges from the long term hodlers and in profit to the short term entities as outlined here in these charts. Now, let's break down the 15 year birthday, the 15 year anniversary of Bitcoin. I mean, this is phenomenal that Bitcoin has been in existence for 15 years. Imagine if you would have knew about Bitcoin back on October 31st, 2008. Talk about a small circle. But yeah, today marks 15 years since the synonymous creator of Bitcoin, the one and only Satoshi Nakamoto, who Alex Jones claims Max Kaiser is maybe because Max holds as much Bitcoin as Satoshi. Who knows? But anyways, shared the Bitcoin white paper to the mailing list of cryptographers on October 31st, 2008. This was after the financial collapse, fam, and a date also annually celebrated as Halloween, quoting the the white paper here. I have been working on a new electronic cash system that is fully peer to peer with no trusted third party, as Satoshi famously said in the opening sentence before linking the document titled Bitcoin, a peer to peer electronic cash system. Holy moly. I mean, again, this is legendary. This is history in the making. You're witnessing firsthand the white paper proposed the decentralized system that could facilitate peer to peer transactions, which can solve the double spending problem often associated with digital currency in which it did. It proposed to achieve this via a network of nodes, validate and record transactions through the proof of work consensus mechanism, launching just two months later, officially on January 3rd, 2009. Satoshi's computer science breakthrough came on the back of other impressive developments in the cryptography and e -money spaces. The first reference cited the Bitcoin white paper is Wade's invention of B money, an electronic peer to peer cash system that never launched, but nonetheless played a key role in Satoshi's plans for Bitcoin and like Bitcoin B money. And I'm curious how many of you have ever heard of B money? We have all heard of B rabbit from 8 Mile, but B money, I've never heard of that one, proposed that participants in the system maintain a database of account balances, which keep track of the ownership of money. Transactions would be initiated and completed by a broadcast message to all participants, which would update the account balances of those involved in a specific transaction. In many ways, it could be seen as a precursor to the nose of the Bitcoin protocol, which keeps a record of the constantly growing blockchain. And I'm curious, how many of you run your own Bitcoin node? Let me know in that live chat. Fam, this process requires proof of work, a form of cryptographic proof in which one party proves to others that a certain amount of the specific computational effort has been expanded. Now, Satoshi implemented this into Bitcoin, citing Adam Back's invention of hash cash in 1997. Shout out to Adam Back, the creator of, I believe it's Blockstream, now, which incorporated proof of work to limit the email spam of denial of service attacks, as shared here by Crypto Leroy, the cypherpunks and fathers of Bitcoin, Hal Finney, he created the reusable proof of work. We got Adam Back, who created hash cash, Wei Dai, who created B money, David Shum, who created DigiCash. We have Nick Szabo, who created BitGold, Phil Zimmerman, who created PGP, Bram Cohen, who created BitTorrent, and Tim May, who is the crypto Antichrist Manifesto, and of course, the one and only Satoshi Nakamoto, who gets credited for the discovery of Bitcoin. Now, Bitcoin's timestamp server works by taking a hash akin to a unique serial number, a block transactions and time stamping, and when the block is added to the Bitcoin blockchain, which we all know. And as Crypto Shama points out here, also giving credit to everyone involved with some of the early developments for the technology that led to Bitcoin. So shout out to all of them, including Max Keiser. If you didn't know, Max Keiser has a patent, I believe the first one for digital currency back in the 90s. That's all on record, fam. So this is pretty amazing. Now, the genius in Satoshi was the puzzling of these pieces into a fully functional system. According to Lop, quoting him here, there is no single piece of the puzzle that I think is more important than the others. Nakamoto's genius was not any of the individual components of Bitcoin, but rather the intricate way in which they fit together and breathe life into the system. Preach. Now, mainstream media highlighted Bitcoin's increased use by criminals, which we know is nothing more than FUD. We got Senator Elizabeth Warren, also Cynthia Lummis pushing those FUD narratives, which suck. We also know Bitcoin became a legal tender in El Salvador, which was the country to adopt Bitcoin as a legal tender, which has been a game changer for their entire country. And I feel we're going to have many other nations lead in the footsteps of Bukele as well as, you know, El Salvador in adopting Bitcoin as a legal tender. So, yeah. Happy birthday, Bitcoin. I'm wishing you another successful hundred and fifty years after these 15 years. You know, the final Bitcoin is not going to be mine, I believe, until the year 2140. Crack me if I'm wrong, but that's a very long time from now. Now, let's break down our next story of the day. Valkyrie updated their ETF filing. We all know right now all eyes on spot ETF. So let's break down this latest development. Digital asset manager Valkyrie Investments, the latest firm to amend its spot Bitcoin ETF filing with the US SEC Valkyrie filed the updated spot Bitcoin ETF with the US SEC October 30th, which is yesterday, according to the SEC database. Now check it. The updated form as one registration statement from Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares represent units of fractional, undivided beneficial interest and ownership of the trust and are expected to be traded under the ticker symbol BRRR, just like money printer continue to go kind of cool on the Nasdaq stock market, quoting them here. The information in this prospectus is not complete and may be changed, according to Valkyrie, stating in the filing, adding the firm is not allowed to sell BRRR securities until the registration statement is officially effective. The amended filing comes about a month after the SEC delayed its decision on the Valkyrie Bitcoin Fund in late September. Meanwhile, Valkyrie's updated spot Bitcoin ETF joins at least six others recently amended spot Bitcoin ETF filings made by the following Bitwise, BlackRock, Fidelity, Grayscale, VanEck and ARK Invest. And according to online crypto ETF analysts, the ongoing Bitcoin ETF amendments can be translated as a good sign, definitely a good omen, in my opinion, of the progress and impending approvals. Valkyrie's latest spot Bitcoin ETF update is yet another evidence of movement happening behind the scenes. Bloomberg ETF analyst James Safart believes, quoting him here from X Update, Valkyrie joins the prospectus amendment train for the spot Bitcoin ETF. Things are still moving behind the scenes and following the recent amendments, at least five of the rest of the known spot Bitcoin ETF filers have not updated their filing. So expect them soon, including firms like Wisdom Tree, Invesco, Galaxy, Global X, Hashdex and Franklin Templeton. The SEC currently has a whopping eight to 10 filings at the desk of the chairman, Gary Gensler. But the million dollar question becomes, will Gary Gensler do anything about this and accept any of these spot Bitcoin ETFs? Congress is putting the pressure on Gary. He says you need to prove the spot Bitcoin ETFs immediately, with that key word being immediately. There's some deadlines that are due soon, including ARK 21. I believe it's January 10th. I personally feel we're going to get the green light from the SEC before the Bitcoin having creating the perfect storm. Let's move on to our next story of the day. We covered the ETF filing. Now let's discuss a potential $50 ,000 Bitcoin rally here incoming, according to crypto analysts, Michal Benday Pop, before I break down the latest with Max Kaiser recently on the Alex Jones show. Here we go. A widely followed crypto analyst believes Bitcoin has officially entered the bull market territory and is now primed for a rally towards $50 ,000 per coin. Send it and let's go. We got Michal Benday Pop, who shared on X that the Bitcoin bull market is here. I would agree. What are your thoughts, fam? Benday Pop predicts the Bitcoin will rally as high as $50 ,000 per coin in the coming months before witnessing a pullback and surging to a new all time high. Quitting the analysts here, I think we'll see Bitcoin hit resistance at 38 Gs, baby, but most likely will continue towards 45 to 50 ,000 per Bitcoin pre having after that consolidation and sideways action for a long period before we start making new all time highs. And this is the chart which you can see here in your screen, which if you analyze it, he appears to predict Bitcoin will see $50 ,000 in January of 2024. What is that? November or November's tomorrow. So December, two months. Send it. I love it. Right in alignment with Credible Crypto, who's predicting $48 ,000 in the next two weeks. Let's go. I hope they're both right. The halving, which had historically coincided with the Bitcoin bull run, slashes the Bitcoin mining rewards, as we all know, in half, which is slated for April 2024, under six months out. And for now, Benday Pop thinks Bitcoin's in the midst of a consolidation period and a dip below $33 ,000 is still on the table. Quoting him again alongside this chart, Bitcoin technically constructing a range here slight correction towards $33 ,300 and quickly bought up if the lower boundaries are reached. Probably sentiment will flip bearish the $32 ,800, but that would signal a great long opportunity touche. Now let's break down our featured story of the day and discuss Max Keiser, who was just recently interviewed on the Alex Jones show. He was invited back. And let me share with you a little the back story, just in case you don't know the back story. Now, back in the day, maybe it was 2014, many years ago, Max Keiser, being a kind hearted gentleman, went on the Alex Jones show and he gifted Alex Jones 10 ,000 Bitcoin. I don't know the exact value of the Bitcoin at that time, but I can tell you what the value of 10 ,000 Bitcoin is in today's prices. If you run the math, that is freakin 350 million dollars. Long story short, Alex Jones claims he lost the laptop that Max put the Bitcoin on. Therefore, he has none of it. So Max being the kind hearted gentleman he is, he said, let me come back on the show now. And he actually just released this episode yesterday. So this is brand new, breaking all these predictions and everything I'm sharing with you. And I'm going to give you a basic quiz on Bitcoin, Alex. And if you can answer these five questions, I will give you another 10 ,000 Bitcoin valued at roughly three hundred and fifty million dollars per coin. And so Alex invited Max on the show. They did the quiz. Here are some of the highlights of the show I'm going to be sharing with you. However, if you want to watch it live with me, we're going to be doing a live JV react session exclusively on Rumble after the show stream ends on YouTube. We're going to be watching it together where Max is quizzing Alex and I'll be reacting live to the video. It's something I've never done before. Live reacting to these videos, but I think it's going to be phenomenal considering it's brand new content. Many of you have never seen it before. So make sure you're following me on Rumble because it's going to be lit. But first and foremost, here are some of the highlights from this recent interview. I posted it yesterday exclusively. I was the first one to post the entire interview on X. I already got over 500 hearts, 166 retweets and over fifty two thousand people viewed it. Here's what I wrote. Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and warn of the suicide bankers that will destroy the world. And here are some of the quotes regarding his predictions when Alex Jones asked them, so where's Bitcoin going to go next? Where do we go from here? Here's what Max Keiser shared. All fiat money and gold eventually goes to effectively zero against Bitcoin because it's demonetizing gold. The same way gold demonetized silver, Bitcoin will be demonetizing gold. So sure, gold will be maybe two thousand, three thousand, four thousand dollars announced. But we're talking about Bitcoin eventually going to five million to ten million dollars per coin. So you're purchasing power in gold terms is almost basically nothing compared to what's happening in Bitcoin. Preach very powerful words. And there is another quote I believe that I shared here. Let's see if I can find it. I click back on here.
A highlight from 402 Tech Tools and Billionaires
"Hello, everyone. Welcome to episode 402 of the She Podcasts podcast. I am your co -host Jessica Kupferman with me as always, the lovely Elsie Escobar, who I think is wearing, is that a SpongeBob t -shirt? No, it's not. But that's a SpongeBob bod though. One of my favorite podcast upgrade. Oh, it's very dongle town, USA, Thunderbolt dock. Did you say dongle town? Yeah. I love that. Have you ever been to Intercourse, Pennsylvania? I have. No, I have not. In Lancaster, on the way to Lancaster, maybe right after, there's a series of towns, Intercourse, Bird in Hand, Blue Ball, and there's another one. They're all, I don't know why, they're all oddly sexual and yet they're named by the Amish. So it's weird. But yeah, Intercourse, I assume, means the intercourse of two roads. But it's Intercourse, Pennsylvania, which how can you not have a t -shirt that says Intercourse, Blue Ball, Bird in Hand? Like there's, oh, Paradise. Anyway, altogether, they tell a story. When you're 12, it's hilarious. You know, when you're 12, it's like, I need the t -shirt immediately. Yes. Anyway, I was just curious. OK, well, let's get started. We have something fun to talk about with you guys today. A new social media app. Can you believe it? I cannot believe it. I'm having a hard time believing it. And I listen. It has gotten now by the time when this comes out, I don't know how many people are going to be on it. But as of now, there's over 100 million. So it's not a small over one million small. If you consider that there's six billion people in the world. Well, yeah, but not in terms of social media. Like how many people are on, I think, six million Facebook. No, six. No, I can't remember how many people are on Facebook. Two point nine five billion billion. I knew it was. All right. One third of the world. Yes. Billion. Wait, two point nine is actually half half of two point nine five billion billion. So, yeah, 100 million is like, but it's like five days. I know in five days. Is that the fastest growing? Yes. Is it faster than Twitter grew? Because that was the fact. Yes, because I don't think like, yeah, for sure. When it first started, it grew like in an alarming rate. Yeah, but not to 100 million. Yeah, I guess that's true. It's neat in some ways and not. You haven't even mentioned what it is, though. I did. I said it's a new social media app called Threads. And then we started talking about how many people. Oh, I missed the called Threads part. So, yes, it's called Threads. I know Elsie wants to tell you all about. OK, Jenny says the world population is eight billion. Oh, sorry. Thank you. I'm glad I know that. OK, so three is like a little under half then. All right. Thank you very much. That's pretty amazing. Because that's like a lot it is. So, yeah. So so Instagram has come out with a new a new social media channel slash meta has right. Meta has it's a meta it's under the meta umbrella. And it is basically a Twitter replica.
A highlight from Top 3 Reasons for Solana PUMP (Best Crypto of 2024?)
"Today we're talking about one of the top performing altcoins from the last bull run, Solana. With a token price of under $2 at the start of 2021, Solana ran all the way up to $260 in November of that same year. There's no doubt many crypto traders made life -changing money with this project. The question now is can Solana do it again? Should it be in your crypto portfolio today or has it been forever tainted by FTX and SPF? That's what we're going to answer in today's video. By now we all know the story of how this once mighty ETH killer took a brutal bankman -free beat down after FTX collapsed. But is it all over for Solana or is there still some fight in this thing? Now if you ask one of the many die -hard Solana holders out there, they'll probably tell you that there is no need for a Solana comeback plan because Solana never went anywhere. And while there is some truth to that, it's also true that Solana is a long way from its glory days. After Solana put in its all -time high of nearly $260 on November 6, 2021, and then crashed hard when FTX went belly up. Finally found a bottom when it hit $10 in December of 2022, but since then it's been more or less range -bound between $15 and $25, with the current price around $25 at the time of this recording. It's over 100 % recovery from its lows and still a 10x from its January 2021 price. However, it's still down 90 % from its all -time high. So today I want to tell you about three key areas where I see Solana making bullish moves. If you want to understand what these new buzzwords mean and why they are relevant for the next couple years in crypto, be sure to stick around until the end of the video and hit that subscribe button. Before we dive in too deep, what is Solana? Well, the short version is that Solana is a layer 1 smart contract platform that uses a unique consensus algorithm called Proof of History to validate transactions. It's designed to promote high scalability, throughput, and speed above all else, not the FTX speed. Now, although speed and scalability are really important, they often come at the cost of decentralization and security. Vitalik's famous blockchain trilemma poses these as competing objectives for any blockchain ecosystem. Remember, there's always trade -offs when it comes to network architecture and design. Different blockchains are designed to do different things. I won't get into the weeds on this, but I think it helps to know what Solana is designed to prioritize. It's no secret that Solana was the favorite crypto project of crypto made off a polyamorous Bahama Beach boy, Sam Bankman -Fried. Sam and a lot of other VCs were heavily invested in Solana. FTX and Alameda Research were holding a combined total of about 58 million Solana, or about 11 % of the circulating supply at the time FTX filed for bankruptcy. SPF was a particularly vocal spokesman for the project, even firing off tweet storms to defend the project when it experienced frequent outages in 2022. Okay, that's a little bit of the brutal history, but what's the rest of the story? And what's still happening with Solana today? As I said, they're hyper -focused on the scalability. Solana has such a high performance that they claim to be enabling new classes of applications that were previously impossible. The Fire Dancer upgrade, a new validator client being developed by Jump Crypto, will increase Solana's speed to over one million transactions per second. One million. The upgrade is expected to arrive sometime in late 2023 according to the Jump Crypto website, and that's got to be bullish no matter when they release it. Not only that, but by certain metrics, Solana hasn't had to sacrifice security in order to achieve these incredible throughput speeds and volumes. Masari published a report in June analyzing decentralization amongst different chains and gave Solana an aggregate Nakamoto coefficient of 1 .9, higher than many of its competitors. I know everyone still remembers all the outages Solana had in 2022, but those incidents haven't recurred in a long time, and the ecosystem continues to grow anyway. The Solana Labs team, led by Anna Tolley, also laid out a six -part plan to improve the network in February of this year, and it's been hard at work implementing the plan already. I'll drop a link down in the comments if you want to take a closer look. A big part of the plan is something they call DPEN, or Decentralized Physical Networks. And I want to start with this because it's one of the most ambitious and revolutionary things going on in Web3 right now. The objective of DPEN is to make Solana the leader of the new physical internet of things. They started building this by getting Helium and Render Network to migrate over to Solana, and by launching Saga, the famous Solana phone we've all heard about but probably haven't used. Okay, so what exactly does this mean? Well, Helium is a decentralized and distributed internet network of user -run nodes, and Render Network is a protocol for distributed GPU rendering. So the idea is to create a decentralized tech infrastructure to compete with the centralized legacy systems. That's right, this shot is aimed directly at the tech power players that run the internet today. I'll admit, this is a bit of a long shot. However, while it may be a large undertaking, it solves one of the world's largest problems of digital governance. If Solana pulls this off, they would have a blockchain -powered version of the internet, a rendering network, and Web3 phones. And again, they're just getting started on this. Hard not to be bullish on a suite of product offerings like that. Especially if these start to gain any market adoption in the next full run. Another innovation that Solana rolled out recently is something called state compression. State compression is a cost -saving data storage solution that makes Solana even cheaper to use. The technicals of how it works are pretty elaborate, but they use Merkle trees to make it possible to mint one million NFTs on Solana for about $110. This takes a lot of friction and costs out of the equation for NFTs and should make them a much more attractive technology for projects and legacy businesses to adopt. You guys know that I'm pretty big into NFTs personally and even minted on Solana over two years ago. So I'm excited to see if this kind of scalability will take things to the next level. The next area I want to touch on might be the simplest, but also the most important, payments. Solana co -founder and CEO of Solana Labs Anatoly Yakovenko discuss how he and Solana are focused on this in a recent episode of the Validated podcast. I'm actually more focused on trying to do stuff that's obvious today. I think that's just like really, really, really important to try to get users to go do the things that already work at scale. And those are payments, very, very simple kind of thing. Let's send money to each other in a cheap and fast way without, you know, like around the world. And it's just such a better experience for anyone that generates user content. So the problem though, is that because it's such a pain to deal with finance on the web, these platforms are able to aggregate it, aggregate power by like creating these rails for a large number of content creators. They own the content, they own the creator's financial relationship between the creator and the user. They own that rail and they own that connection. And once they own it, the creator doesn't want to leave. It's like a, it's a kick in their revenues, right? They're not like working for themselves or working for Twitter or for TikTok or whatever, because all of the financialization happens through these platforms. In August Solana announced that it integrated with Shopify for USDC payments. This is a huge deal because Shopify accounts for over 444 billion of global economic activity. The cost of a SolanaPay USDC transaction is 0 .00025, which is way cheaper than the one and a half or two and a half percent fees that credit card companies charge and way faster as well. About a month later, Visa announced that it was expanding its stablecoin settlement capabilities with USDC on SolanaPay. Visa started pilot programs with merchant acquirers, WorldPay and Nuve. These companies process debit and credit card payments for businesses globally, and their clients may now use USDC stablecoin settlement instead of receiving fiat currencies. Now, if all that isn't enough to convince you to start calling Solana the comeback kid, then maybe this will. Solana has integrated with ChatGPT. I know that sounds like the premise of a Black Mirror episode or something, but they did it. There is now a plugin that will allow the AI chat bot to check wallet balances, transfer tokens and even purchase NFTs. The plugin is open source and can be downloaded from GitHub, and I'm sure it will only be used for good things. The Solana Foundation also announced it would increase funding for grants exploring Solana and AI to $10 million and claims have already received over 50 applications. I can't wait to see what they come up with. If you can't get enough of all things Solana, I recommend you check out their conference. The third annual Breakpoint Conference is being held from October 30th to November 3rd at the Solana campus in Amsterdam. The event will feature developer workshops and tons of interesting panels as well as keynotes from the like of Google Cloud, Circle and Star Atlas. Sounds like a great place to learn even more about the great Solana comeback plan. Okay, I know that was a lot, and truth be told, we're really only scratching the surface here, so the question still remains. Will Solana be able to be a top performer again? We'll have to wait and see, but it's clear that Solana Labs and their developer ecosystem have been hard at work this bear market, which is what you want to see from a project. There are almost too many developments, improvements, and innovations to keep track of them all. It looks to me Solana is still very much alive, but it's not clear yet just how much market share they're going to be able to claim and defend in the next bull run. There'll be new challenges for sure, but Solana has a pretty impressive suite of offerings and a lot of fiercely devoted fans and a strong team of VCs and developers. It'll be really interesting to see how things play out for them. All that being said, I do feel Solana is worth holding in your portfolio and accumulating for the next bull run, especially in the current price range. It's one that I hold in my personal portfolio, and I have high hopes through 2025. Finally, I'd like to say do your own research. I highly recommend checking out BitLab Academy. That's all I got for this one. Let me know down in the comments if you think Solana will claim the title of comeback king. In fact, give me your next bull market prediction. That's all we got, and we'll see you at the top.
A highlight from Anti-Bitcoin Forces SABATOGE Argentina's Javier Milei | EP 846
"Welcome to another episode of Simply Bitcoin Live! We're your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture, and medic warfare. We will be your guide through the separation of money and state. Speaking of the separation of money and state, it's one of those episodes, Javier Melí, who is currently the front runner to win the Argentinian presidency. He's being sabotaged left and right. Prosecutors charged him with the crime. They're using lawfare. And coincidentally, of course, a couple days before the election, the current government eliminated all income tax entirely. I wonder why they did that. You could say at this moment, at this moment, you could say that potentially, he is a threat to the system, a threat to the status quo, a threat to the government's ability to create money for free that everyone else has to work for. So very, very interesting times that we're living through, to say the least. And another thing that I wanted to bring up was the breaking news that was happening this morning. Cointelegraph reported that the BlackRockSpot ETF was approved. That turned out to be a total hoax. One million percent. But it was very, very interesting. Like when I was making the title for the video, I was like, BlackRockSpot Bitcoin ETF. Then 20 minutes later, it turned out to be a hoax. The price of Bitcoin pumped to 30K. I feel bad when it fell back down once again. And yeah, man. So crazy, crazy stuff. I think people, if you've never, I saw Steven Lipka tweet this morning. If you've never experienced a Bitcoin bull market because your class of 2020, well, this is what it feels like. It just took green candles all the way up. But I wonder who was behind that in Cointelegraph. They did it. They did release a tweet that said that they were looking into it. Whoever was behind that, if they did it on purpose, they could have made a lot of money very quickly. And I don't know. I don't know, man.
Monitor Show 19:00 10-13-2023 19:00
"With Bloomberg, you get the story behind the story. The story behind the global birth rate. Behind your EV batteries' environmental impact. Behind sand. Yeah, sand. You get context. And context changes everything. Go to Bloomberg .com to get context. And that is it for this edition of Bloomberg Best. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Now stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Israeli forces are reportedly inside Gaza searching for hostages before a possible ground assault. Israel has ordered one million civilians to leave northern Gaza to stay out of harm's way. Israel masked well over 300 ,000 reservists and several armored divisions near the border with Gaza over the past several days. While speaking in Philadelphia today, President Biden detailed how the U .S. is aiding humanitarian efforts. At my direction, our teams are working in the region, including communicating directly with the governments of Israel, Egypt, Jordan and other Arab nations and the United Nations to search support and humanitarian consequences for Hamas attack to help Israel. House Republicans are tapping Ohio Congressman Jim Jordan to be their party's nominee for speaker. Jordan was selected during a vote behind closed doors this afternoon. He defeated Georgia Representative Austin Scott, who made a surprise entrance into the race hours earlier. Health care workers across the country have reached a tentative agreement with Kaiser Permanente. Kaiser and the union have been locked in a labor dispute for months and workers led a three day strike last week. Now union members will vote whether to ratify the new pending contract.
A highlight from Tangem 2.0 Wallet Launches! | New Self-Custody Upgrades INTERVIEW
"Let's go into self -custody and talk about the pros, the cons, some of the companies that you guys could be looking at, and breaking down what self -custody does for you, maybe as a crypto investor or an NFT collector. We'll do all that for you today. My name is Paul Baron. Welcome back in the Tech Path. Joining me today is David Wolschner, who is Tangem's brand ambassador. Full disclosure, Tangem is a sponsor of our show. So, great to have you on the show. Thank you, Paul. It's a pleasure to be here, and thank you so much. Yeah. Let's get into a couple of things. I want to go over, first of all, some of the things that have happened in self -custody in general, and I think everybody that watches our channel, maybe if you're new out there right now, one of the things that occurred here in the past six, eight months is we had some big issues with hardware wallets. One of the big ones, of course, was Ledger. Ledger, of course, had some issues that came out. I won't go into the detail. If you guys want to see that video, go back and look at our channel. But when you look at what happened with Ledger, David, how much did that boost your business in general? Was that a good thing for you guys or was it a bad thing? First of all, I think it was a very bad thing for all the trust that we built up over the last decade in the complete blockchain and crypto industry. But long story short, for Tangem specifically, it was awesome. We were sold out within a couple of days, and it was really a tremendous amount of orders we received for our latest version, 1 .0 version. So all our warehouses in the States and everywhere in the world get completely emptied out by the customers so that we were forced to ship our cards, our hardware wallets directly from the main producer in Hong Kong. So yeah, it was good, yeah. OK. With that being the case, and you look at the issue of self -custody, because I think now I would say that most everybody has kind of recovered in the sense of they understand a little bit more and they're much more aware of the self -custody challenges that are out there. Explain to me some of the benefits that Tangem brings to the table versus, say, some of the hardware, physical hardware wallets that are out there. First of all, the biggest point is ask yourself, how long does it took you the very first time to set up your very first hardware wallet? So I mean, I can talk out of my own experience. It took me really hours to set up my ledger the very first time. I like ledger. It's a good device. It has a good haptic. It's a good product, honestly. But you're definitely going to keep yourself busy for hours and hours to understand, to get into, to do a deep dive, and also really know what you're doing there. And that is honestly the biggest point what Tangem is doing totally differently. We would like to be the bridge between 8 billion people and the blockchain industry. So self -custodial, as you already said, is one of the major and the biggest points we have to focus on if we want to be our own bank. I mean, Satoshi Nakamoto started with that great idea, be your own bank. And that is what we provide with the Tangem cards. It doesn't matter if you have the 1 .0 version or the 2 .0 version. That's a black card. You can see a little better. It is really absolutely simple to set up your hardware wallet. If you guys don't mind, just check out the Tangem YouTube channel and see that I have done a small test with a random stranger at the Walmart neighborhood store next to my house here and gave him a pack of the 1 .0 cards, told him, hey, buddy, if you can set that up in less than four minutes, they give you 50 bucks in Bitcoin and you get the card for free. And honestly, this guy had no idea what to do. He set that up in three and a half minutes. He got 50 bucks in Bitcoin and a fully qualified hardware wallet. So long story short, we make things more simple. And with our three card design, or let me say with our multi -card design, also absolutely secure. So honestly, nobody can hack this card. Right now, we have produced a little bit more than a million cards over the last years. So Tangem is a company from 2017 founded in Switzerland, and none of that one million cards ever get hacked, broke or just lost their ability to sign the transactions.
A highlight from How Rebecca Alvarez Story Built a Sexual Wellness Brand
"Ladies, gentlemen, welcome to the colorful world of Skittles. Skittles brings you a jolt of five fruity flavors in every bite, giving you the chance to taste the rainbow like never before. Break free from the ordinary day -to -day with the help of Skittles chewy candy. Skittles is a must in my candy jar, movie snack, even my secret to an afternoon pick -me -up. And I don't even care who knows it. Add a splash of joy to your day with Skittles. There's nothing better than fruity fun that tickles your taste buds. Taste the rainbow. I've been wanting to talk with Rebecca Albera's story for a while. She is an award -winning entrepreneur, sexologist, and intimate product developer. Three titles that do not often go together. But I'm glad we waited for this moment when, like many of my very favorite conversations, we find Rebecca and her company Bloomy, a wellness brand focused on clean, intimate care essentials, at an inflection point, asking the very familiar question, will what got us here get us to where we want to go next? Rebecca, finally, thank you so much for being here. Thank you so much for having me. I'm glad it worked. I'm so happy to have this conversation. Rebecca, among the things you say about intimacy is that so much of the root of intimacy is unlearning bad sex ed. What was the bad sex ed that you grew up with? My bad sex ed was actually no sex ed to start with. I definitely saw love, and my parents modeled that so well. But in terms of, like, in my community, in my school, did we have sex education? Not really, because it was abstinence -only education in high school. It's wild that someone goes from growing up in an environment that is abstinence -only to, I mean, by the time you are in college, you're very clear that you want to study sex and sexuality. I sit at the intersection of so many things, being Latina, a woman. I was a single mom at that time. I just felt like I could relate to so many people's intimacy journeys. And I wanted to create the spaces where we could talk about it. I didn't know exactly what it was going to look like. But yes, in college, I tell this story, you know, I was apprehensive about sexuality because my first year in college, I was actually assaulted. And I ended up transferring home. I ended up at Cal, a very liberal, very progressive school where I could take so many wonderful classes that were holistic, and I shared with people that it was very healing for me. I had great therapy. I had great all of that. But the education, it just transformed my life. When did it become clear to you that you are an entrepreneur? To be honest, I feel like I've always known this since I was little. I had that spirit of, oh, that should be a business. And why don't we have a solution? I would just see things differently than like the cousins I grew up with, I think. They would joke and say, why do you always have so many ideas? Why are you always so bossy? But it was just little. I was little and I was like taking initiative to create things. Talk me through the evolution of Blumey, because as I understand it, the original idea was a multi -brand marketplace. How did it morph from that concept to a place for education, advice on intimacy with a line of sexual wellness products? I had been in the industry for 10 years. I was working as a consultant for startups, helping them with their product development. And I was coaching both singles and couples, learning so much about intimacy challenges, intimacy goals, and really helping people in a lot of different ways, where at the end of so many of my sessions, my clients wanted solutions. They wanted the book, the product, the toy, the whatever it was. And so I would manually send this to them. I started creating a list, but it was a little bit like it was a lot of work on my end to always curate. And so what I did is I said, I'm just going to put these products that I recommend that are clean, because it's very important that these products be healthy, especially for these areas of the body, put them all on a page. And that was the beginning of Bloomie, where I had multiple brands. They were my favorite clean brands that I would recommend in the category. And then when I developed our first product with our team, it was called Bloomie Arousal Oil. We still sell it. It's a bestseller. That was just the beginning of a pivot for us. And that's why we fundraised and why we ended up really focusing on Bloomie's products, making solutions for products that I wish I had 10 years ago. The question I'm about to ask you seems particularly relevant given the timing of your and my conversation, but I want to take us back to April 2022. Your line is set to debut at Target and your funding falls short. How does that happen? Funding for women of color entrepreneurs is severely lower than what it should be. There is less than one percent of funding that is going to entrepreneurs of color and Latina founders. So I never use that as an excuse. But when I went out and I fundraised, I did everything by the book. I trained, I did accelerators, I did boot camps. I had a cis white male co -founder. I had everything you're supposed to, and I'm using quotes, to have. And we fell short. We wanted to raise two million. We raised one million. So what did I do? I ended up seeing that there is no standard for my industry. This is new. Intimacy companies were not being venture backed at that time. And I just realized I'm going to have to do things differently. So we crowd raised. We basically opened up part of our round to the community where they could invest one hundred or two hundred dollars minimum. We raised almost a million dollars that way, two different times. And then we also I took out personal loans. We had a few angels give us personal loans. I took out a line of credit. Like I did everything to make sure that we could have sufficient capital to meet the demands of going into retail. And even with that, I'll say when founders ask me, what does it take to go into retail? It's so big of a question. I want to sit down and go through things with people. But you have to estimate how much you're going to need to be on shelf, stay on shelf. That's even harder. Mark it and to not plan to be profitable right away.
A highlight from 1411: Bitcoin Will Hit $1,000,000 By This Date - Max Keiser
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. Welcome to the entire crypto fam. This is the number one daily Bitcoin pod. In today's show, Bitcoin price tracks $26 ,500 as Bitcoin speculator supply hits a 12 -year low. Also breaking news, Coinbase secures an AML registration from the Bank of Spain as well as analyst Willy Woo says this enemy of Bitcoin is rearing its ugly head. Once again, we'll also be discussing a classic Bitcoin indicator suggesting a 2024 bull run, says trader who called May 2021 collapse, Dave the Wave. Also, Max Kaiser slams crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, after he raises $80 ,000 in donations to fund his legal campaign. Max says get off the ish coin crack pipe as soon as you can. Max also says that XRP and ETH are both centralized ish. This is why they are both verboten in El Salvador, which virtually means forbidden. I'll also be sharing with you Max Kaiser's one million dollar Bitcoin price prediction as he says Bitcoin will be gold by a factor of 100 X as the altcoins will get shut down and go to zero. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. 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 YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .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. HODL.
A highlight from Could Oil and a Gov't Shutdown Screw Up Powell's Plans?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 22nd, and today we are talking oil, macro, everything that could throw the economy off. But before we get to that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. All right, friends, well, we are sort of continuing the macro story today that we picked up around Powell and the FOMC this week. And one of the questions that Powell was asked was about risks that threatened to knock the economy off course. Two that he mentioned that we're going to spend a little time on today include oil prices and a potential government shutdown. Let's start with oil first. The price of crude oil has steadily increased over the past four months. From a low of around $70 in June, oil reached almost $90 a barrel for the US -based WTI benchmark contract and $95 per barrel and $95 per barrel for international Brent crude earlier this week. The price increase for crude has driven US gas prices back above $3 .80 per gallon, the highest level since last October. Overall, gas prices have ramped up by 20 % since the beginning of the year, according to AAA. Now, there are a number of factors all contributing to steadily increasing oil prices since the June lows. The first is OPEC+. The economic group of oil producing nations led by Saudi Arabia and Russia have recently curbed output. Production cuts, which were agreed to late last year, have been gradually implemented over the past six months. In July, Saudi Arabia voluntarily cut an additional 1 million barrels per day from its production quota, about 10 % of its previous output. Existing production cuts across OPEC have already been extended into next year and analysts expect Saudi Arabia to extend their voluntary cuts until March. On Thursday, Russia further constrained supply by banning the export of diesel and petrol. Russia is one of the world's largest suppliers of diesel alongside their status as producing around 12 % of the global supply of crude oil. The International Energy Agency said last year that Russian refineries produce, quote, roughly double the diesel needed to satisfy domestic demand and typically export half their annual production. Analyst opinions focused on the simplest explanation for the ban, retaliation for sanctions. Henning Gloestien of the Eurasia Group said, Russia wants to inflict pain on Europe and the U .S. and it looks like they're now repeating the playbook from gas and the oil market ahead of the winter months. They're showing that they're not finished using their power over energy markets. The Kremlin said the ban was temporary and aimed at addressing rising energy prices in domestic markets. However, they gave no timeline on when the ban might be lifted. U .S. and European policymakers have largely banned the importation of Russian refined fuel since February, which has required Russian supply to be routed through third party regions including Turkey, North Africa and Latin America. Now, OPEC cuts over the past year were predicated on a weakening demand profile heading into this year. At the time they were announced, recessions were expected across Europe and the U .S. China was an open question with the potential of reopening pushed back in the midst of additional pandemic waves. But since then, the European economy is sputtering along, albeit with dismal manufacturing data out of Germany. The sanctioning of Russian supply has caused European demand to be displaced to other regions with refining capacity, largely India and the Middle East. In the U .S., recession has been continuously pushed off into the future and oil demand is now back at all time highs with no signs of slowing. Although the Chinese economy has hit some turbulence recently, oil demand remains robust. Analysts expect China's oil demand to remain high as Beijing secures strategically important resources. What's more, analysts expect China's oil demand to remain high as Beijing secures strategically important resources in part to mitigate geopolitical risks as well as to shore up its manufacturing and transportation industries. So with oil prices spiking, many are wondering whether the White House will once again intervene in markets using the Strategic Petroleum Reserve. Between November 2021 and September of last year, the White House authorized a number of SPR releases. The final policy saw one million barrels per day provided into the market over six months. A small amount of oil was restocked earlier this year, but the SPR still sits at a little over half its pre -pandemic level. Earlier this week, a headline circulated proclaiming that quote, Biden says depleting SPR is on the table. This was later found to be a hoax with no legitimate source, but it demonstrates how difficult high oil prices could be for the U .S. economy heading into election season. To wit, many saw the SPR release as a political decision rather than an economic decision heading into the 2022 midterms. In the private sector, U .S. oil inventories have recently hit 40 -year lows of 46 -day supply, well below the longer -term average of 65 days. And while August's inflation reports already showed a small uptick due to oil -related prices, the effect is expected to be more profound across this month. Dario Perkins, an economist at T .S. Lombard said, That said, it is important to keep these recent inflationary developments in context. We are not yet in danger of undoing 12 months of solid disinflationary progress, not even close. Others suggested that high oil prices would have a greater impact on growth rather than inflation. Maya Bhandari, head of multi -asset at BNP Paribas Asset Management said, It really impacts the growth side of the Goldilocks equation rather than the inflation side of things over the long term. Theory is that sustained high oil prices begin to eat into disposable income for households alongside higher costs of production for manufacturing and logistics. These combine to reduce growth and potentially tip the economy into recession. Overall, this situation in the oil markets has, to some, many parallels to the liquid natural gas spike in the winter of 2022. Prices in some markets rose more than tenfold, European energy companies scrambled to secure supply at any cost, and multiple firms went bankrupt due to the volatility in markets. This week, Bloomberg reported that the trading arm of French supplier Total Energies has played a major role in bidding up the price of U .S.-based oil. Their source claimed that the firm is paying a premium for physical U .S. barrels, pushing the spread against futures to levels not seen since last November. With all of that said, there are some signs that the oil market is beginning to cool off. On Thursday, Brent crude futures fell to $92 per barrel, which represented the third straight day of price declines, which is the longest streak in almost a month. Warren Patterson, head of Commodity Strategy at ING, said the Fed's hawkish messaging has quote, put some pressure on risk assets, including oil. The dollar index has risen by 0 .8 % since Chair Powell left the podium, a large enough move to weigh on asset markets. Patterson said he still expects Brent crude to move above the $100 mark in the near term, but that he doesn't anticipate the move will be sustainable. So that is the view on oil overall. The thing that I am definitely going to be watching more than anything else is the political dimension of this. We are now entering the period where everything, even more than usual, is going to be completely wrapped up in what it means for the election season. If prices at the pump keep trending up, it seems very likely that the Biden administration will be willing to do what it takes, including SPR releases, to get those prices down. But that's just something we're going to have to keep an eye on. Now what about that other factor that Powell mentioned? Well yes, indeed, my friends, the US government is once again hurtling towards a shutdown after efforts to pass a short term spending bill were scuttled on the House floor on Thursday. House Speaker Kevin McCarthy attempted to marshal Republicans to vote through a package to keep the government funded past the end of September. Closed door negotiations continued late into Wednesday night, but were apparently unconvincing. The bill currently being considered is the $886 billion Defense Appropriations Act. The bill was stifled in the House after five GOP representatives refused to allow debate to begin by voting against a preliminary procedural rule. Democrats also voted against the measure and appeared to taunt Republicans apparently reveling in seeing the GOP's slim majority descend into chaos. Among the Republican dissenters was Marjorie Taylor Greene, who opposed the inclusion of $300 million in funding to the Ukrainian war effort. On Thursday, Politico reported that Pentagon sources have said Ukrainian operations have been exempted from any shutdown, making that part of the dispute rather moot. McCarthy sent House members home on Thursday night to return to Washington on Tuesday. He told reporters after the failed vote, quote, two people flipped, so I got to figure out how to fix that. That wasn't the impression they had given us. Now, this was McCarthy's third attempt at bringing the bill to the House floor. The current proposal on the table is a 31 -day stopgap funding mechanism to forestall a shutdown to begin next weekend. McCarthy remarked on the change in tone in Congress among that extreme element of the Republican Party, stating that, quote, this is a whole new concept of individuals that just want to burn the whole place down. Now, even if a 31 -day stopgap is passed in the House, it seems unlikely to make its way through the Democrat -controlled Senate. The bill includes a 30 percent temporary cut to domestic agencies and immigration law changes, neither of which are likely to get the seal of approval from Dems. Senate Majority Leader Chuck Schumer said instead of decreasing the chance of a shutdown, Speaker McCarthy is actually increasing it by wasting time on extremist proposals that cannot become law in the Senate. House Democrat leader Hakeem Jeffries remarked that the situation was playing out as a, quote, Republican civil war. Now, if it comes to pass, this would be the 11th government shutdown since 1980. The logic is that hard -line positions that don't enjoy support in the Congress can be put directly to the American people by shutting down the government and drawing attention to the impasse. Republican Ralph Norman said last week that, quote, we're going to have a shutdown. We believe in what we're doing. The jury will be the country. Still, the record on government shutdowns doesn't really support that strategy. Not one of the 10 previous shutdowns resulted in the dissenting group extracting concessions. Typically, the American people quickly turn on the party they view as blocking access to government services over a petty squabble. Alex Conant, a Republican strategist, said, This is such a dumb fight because there's no principle that we're standing on here. It's just bad tactics. While the dispute is nominally over excessive government spending, with Republican dissenters pushing for funding to be reduced back to 2022 levels, the underlying problem is, of course, the level of discord within the Republican Party. McCarthy was voted in as House Speaker after a record 15 attempts. The process took four days and frequently descended into a farce. This was only the second time in the post -Civil War era that a House Speaker had failed to be elected on the first attempt. Conant noted the terrible optics of a government shutdown of the Republicans' own making heading into election season, stating that, quote, Biden didn't win because of his political skills and soaring oratory. He won because Republicans blew themselves up with Trump. I'm afraid we're seeing history repeat itself, with the GOP once again helping Biden by shooting themselves in the foot. Of course, never one to shy away from controversy, Trump fanned the flames on Wednesday, posting that, quote, Republicans in Congress can and must defund all aspects of Crooked Joe Biden's weaponized government that refuses to close the border and treats half the country as enemies of the state. He added that, quote, This is also the last chance to defund these political prosecutions against me and other patriots. They failed on the debt limit they must not fail now. Use the power of the person to defend the country. Now, zooming out and trying to get away from the politics of the situation, which obviously is not the focus of this show. The reason that this was brought up at last week's FOMC press conference is that a government shutdown would halt the publication of government data. This would include employment, inflation and growth statistics, which are currently playing a key role in guiding Fed policy. Now, given how much the Fed has said over and over again, their policy is going to be driven by data, presumably not having access to that data would be a fairly big deal. Yet in spite of that, Powell tried to put on a brave face, saying, If there is a government shutdown and it lasts through the next meeting, then it's possible we wouldn't be getting some of the data that we would ordinarily get and we would just have to deal with that. Now, by way of some history, the longest ever government shutdown lasted 35 days. The dispute was around funding for the border wall and quickly turned public sentiment against the Trump administration. Republicans controlled both the House and the Senate, but the administration failed to convince their own party to fund the wall. At the time, Democrat Senator Jon Tester called it the most stupid shutdown I have ever seen in my life. However, if this week's display is anything to go by, that 2019 shutdown could soon have some competition for that title. Now, what does this all have to do with the crypto sphere? Well, I think in many ways these are just exemplary of the state of politics in general. And given that, perhaps it's not surprising that former Senator Pat Toomey is not optimistic about the chances of crypto legislation being passed during this Congress. Just prior to retiring from Congress at the beginning of the year, Toomey introduced his own crypto bill, which focused on stablecoin regulations. Now, the House currently has two major crypto bills eligible to be brought for a vote. One would establish a stablecoin framework while the other introduces more broad crypto regulations. While speaking at a Georgetown Law Seminar on Thursday, however, Toomey said, I don't see a path forward in the Senate regardless of how the vote goes in the House. He added that of the two, he sees the stablecoin legislation as having the best shot. The sticking point will likely be Senate Banking Committee Chairman Sherrod Brown. While Brown has been outspoken about the risks of crypto and the need to bring the industry to heel, he has so far remained extremely quiet on exactly what form of legislation would meet his approval. And of course, any crypto legislation would need the support of Democratic senators to pass a vote to become law. Still, during an interview on Thursday, Coinbase Chief Policy Officer Faryar Shirzad said that she thinks that Brown's lack of commitment to a legislative position might actually be a good thing. Shirzad said, Now, last week, Brown wrote a letter to head regulators at multiple agencies urging them to use their existing powers to crack down on non -compliant crypto firms. This of course seems to be the clear intention, at least at the SEC. On Tuesday, the head of that agency's crypto assets and cyber unit, David Hirsch, warned that more enforcement actions would be coming against crypto intermediaries, including DeFi protocols. Still, Toomey, who serves now as an advisor to Coinbase, views stablecoin legislation as the solvable problem. At the moment, Democrats are pushing for the Fed to serve a central role in regulating issuers rather than granting oversight power to state regulators. This preference is believed to be driven by the White House. Toomey said, He thinks that senior Democrats will get on board once the White House is satisfied with the stablecoin proposal. Although that proposal might have to wait until after the election, as Toomey said in the next Congress, I think it's quite possible to get something done.
A highlight from GARY GENSLER ATTACKS STONER CATS NFTS & RIPPLE XRP WILL FIGHT SEC, HEDERA HBAR STABLECOIN STUDIO!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off with the SEC versus NFTs. Stoner Cats agrees to pay a one million dollar fine to settle SEC charges. The Hollywood superstar backed Stoner Cats NFTs has neither admitted nor denied the SEC's allegation that it issued an unregistered security. So once again, folks, we see regulation by enforcement by scumbag regulator Gary Gensler. They're not putting out the clear rules of the road. And we even have two commissioners that dissented from this enforcement action. So we see even folks within the SEC don't agree. But we know Gary Gensler has been running around with a false narrative saying everything in the crypto industry is a security and that it's breaking securities laws. But of course, he's not providing any guidance. And we saw even members of Congress question him. Tell us what is it, which crypto coins and tokens are securities? Is Ethereum a security? Is XRP is a security? He can't answer. Right. So we are dealing with nonsense. And, you know, the challenging part here is that he takes these settlements here because these companies don't have the capital to fight the government, to fight the SEC. You saw Ripple. It's they spent one hundred million dollars to fight the SEC. So many of these companies don't have that type of capital. So they settle just to get the SEC off their back. But unfortunately, you know, Gary adds this to his wins list. Now, the good thing is that Stoner Cats is not some major brand, you know, well -known. The defeat that the SEC took with Grayscale and Ripple and I think soon Coinbase, those are big names and well -known. So they carry more weight when, you know, Gary takes the loss. So let me give you the details here, guys. The U .S. Securities and Exchange has charged and settled with NFT issuer Stoner Cats, too, for allegedly offering an unregistered security. Without denying or admitting to the SEC's allegations, Stoner Cats, too, has agreed to cease and desist from offering the NFTs and pay a one million dollar fine. Stoner Cats, too, also agreed to destroy all NFTs in its possession and issue a notice of order on its website and social media channels, the SEC said. Now Stoner Cats, if you're wondering who is the Hollywood backers, it was issued by actors Ashton Kutcher and Mila Kunis. They released 10 ,000 NFTs in a highly anticipated drop in July 2021. The drop raised eight million dollars. Now, folks, you see how ridiculous this is, you know? So what does that make any artwork that's put out there on the Web, right? Let's say it's not in NFT format. Let's say it's baseball cards or sports cards. This is just ridiculous. The SEC is completely overreaching here. And don't get me wrong, they have a job to do to monitor these NFT prices and crypto projects because there are bad actors. But clearly they're going after the good actors and they're leaving many bad actors to do their thing. So this really sucks. Now, SEC Commissioners Hester Peirce and Mark Ueda issued a dissenting opinion Wednesday arguing the Howey test cannot be met. So clearly, clearly the SEC is divided here and we know the entire industry and even members of Congress are not on board with this nonsense. But Congress has to act. The onus is on them to get the rules in place because Gary is just going to continue his nonsense and he's trying to get that Treasury job. So he's just trying to rack up wins here to say, see, look at all the enforcement actions I took. Look at all the capital I got. And he won't give the details to say, hey, these guys were just trying to issue NFTs. He'll say, you know, they're scammers, they're hucksters, they're doing all kinds of bad activity. Right. So that's his narrative. So we got to fight, folks. And this is why we use social media to our advantage, contact your representatives and much more. Here's what Mark Ueda had to say. Analyzing investment contracts in this way carries implications for creators of all kinds. We're to apply these securities laws to physical collectibles in the same way we applied them to NFTs. Artist creativity would wither in the shadow of legal ambiguity. Mark summed it up really well there. This is really, really insane what the SEC is doing. And we got to keep fighting, folks. But scumbag regulator Gary Gensler continues. Now, interestingly enough, yesterday, some folks from Ripple were interviewed by CNBC. And here's the headline from CNBC. Ripple says it will fight the SEC lawsuit all the way through. Ripple said it plans to fight the ongoing lawsuit with the U .S. Securities Exchange Commission all the way through its president, Monica Long, told CNBC. Ripple is among the crypto companies such as Binance and Coinbase, which are being sued by the SEC for violating laws. So Ripple is going to continue fighting. You guys know there's going to be even the proper party at the end of the month of September. And I'm looking forward to that in New York City. I will be attending. I know some people are down on it because the prices are down. But look, if you have to understand the market cycles, right, what's playing out, everything's down. Bitcoin is down. Even a large, large part of the markets out there because of the macroeconomic factors of inflation, rate hikes and much more. So I'm glad to see that Ripple is going to continue fighting and I'm sure they're going to push for some sort of settlement. And we know the SEC is trying to appeal, but, you know, Ripple took the bigger slice of the pie from a victory standpoint where XRP token was intrinsically stated as not being a security. And I think the judge got it right there. It goes back to how we test the orange groves and the oranges that we get at our supermarket or orange trees in general are not securities by themselves, but rather it's the packaging. So that's the key. So the tokens themselves, not securities is just how are they being packaged? And don't get me wrong, NFTs could be, and I say could be in certain circumstances, securities, right? If they're packaged in a certain way. But we know if you just simply issue artwork and NFTs on the blockchain, that does not make them intrinsically a security. But Gary Gensler, we know he doesn't. He's trying to muddy the waters and cause confusion and just saying everything that's issued is a security. We know it's nonsense. Now, moving ahead, Flare, many of you hold the Flare tokens. If you're an XRP holder who participated in the Flare snapshot, you got a distribution of your Flare tokens. You continue to get that. I personally am doing that and I delegate my Flare tokens and I'm earning rewards. I'm doing the same thing for Songbird. You can of course invest in the Flare token if you want. Well, Flare is going to be moving to a staking model and they provided an update here saying we will soon enter phase two of three in Flare's transition to a staking model, opening new opportunities to delegate stake to validators and earn rewards. The date when staking can commence will be announced in the coming weeks. So if you're a Flare token holder, this is great news and I'm looking forward to this. If I can stake and earn more rewards, that'll be great. And you know, I'm not selling any of the earnings I get from delegation because we're in a bear market. I am just delegating, earning more tokens, and then when the bull market comes, I will be looking to take profits as the prices rise. Now speaking of prices rising and selling, a great platform to do so is on Uphold, which is a great platform. I've been using them since 2018. They're one of my go -to exchanges. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities and 37 national currencies. So that's different Fiat currencies, and you can swap easily between precious metals, cryptocurrencies, and these different 37 national currencies. So if you'd like to learn more about Uphold, please visit the link in the description. All right, folks, we got some very big Hedera HBAR news. So recently I interviewed Leemon Beard, who's one of the co -founders of Hedera. They're doing great things. I think this is going to be one of the blockchain projects that can really come out of this speculative crypto bubble and be one of the winners, right? If you look at the speculative bubble of the dot -com boom, you had your Googles, your Ebays, your Amazons, and a few others that came out that did really well. I think Hedera is one of them. And part of their governing council includes Google, Dell, IBM, Boeing, some of the biggest names. And just recently, Hyundai and Kia started building on the Hedera network. So huge news. So they tweeted out, we're excited to announce the Hedera stablecoin studio, the all -in -one stablecoin configuration issuance and management toolkit tailored for Web3 platforms, institutional issuers, enterprises, and payment providers alike. By leveraging Hedera, the network, and in collaboration with our partners, the stablecoin studio delivers a highly performant, seamless, and end -to -end stablecoin solution with proof of reserve, dedicated custodians, and network native KYC slash AML flagging. So this is pretty big. They said with Hedera, predictable fees, high programmability, and robust network of ecosystem partners, stablecoin issuance and management have never been simpler. Everything you need to build and configure stablecoins with ease. So this is a really great feature. Obviously, stablecoins are going to be a big part of the token economy and the ability to have your blockchain utilized for tokenization, whether it be CBDCs, stablecoins, NFTs, tokenization of real -world assets, and much more is going to be key to adoption because that's the future. So Hedera is ahead of the curve in many ways. And if you haven't seen my interview with Lehman Abir, be sure to check it out because we talk about the Hyundai -Kia situation. We talk about Xinhan Bank with their stablecoin on the Hedera blockchain being used to improve cross -border payments. So it's really, really big things happening here. I'm very bullish on HBAR. Now moving ahead, Coinbase, to integrate the Bitcoin Lightning Network in a bid to drive adoption, Coinbase CEO labeled Bitcoin the most important asset Tuesday following an announcement his company would integrate Lightning. Now Coinbase is a little bit late to the game here. There have been other exchanges like OKEx that integrated the Lightning Network. But more and more, I think, platforms are going to leverage the Lightning Network to help boost Bitcoin's ability to scale. Look, I don't think the Lightning Network is even there yet. We know the folks at Lightspark are trying to do something, Jack Mahler's strike, but it's not there. Look, Bitcoin is a great store of value, great hard money, great digital goal. I view it from that standpoint. And that's why I hold it in my portfolio. It has made me money. But for payments, not great. Not great at all. Now there could be great improvements to the Lightning Network where it gets global adoption and people start using it. But we are far from that. And we'll have to see what guys like Jack Dorsey's Cash App, David Marcus's Lightspark, Jack Mahler's strike, and these guys do because they've done it in small increments and small markets. But there's no major global adoption here where people are like, I'm going to go spend some sats. Don't get me wrong, it may be happening in, once again, small scenarios in El Salvador. But what about the rest of the world? People are opting more for stablecoins. So this is something that the folks who are building the Lightning Network have to figure out how to scale this thing and make it easy for people to onboard. So Coinbase looking to make a push here and get more adoption around Bitcoin, and it certainly makes sense. Bitcoin is definitely the brand that's well known. A lot of people come into the market via the Bitcoin asset, and then they usually go to altcoins after that. Now speaking of altcoins, Vitalik Buterin was speaking at Permissionless, the crypto conference in Austin. It's actually held by Blockworks. And he talked a bit about what's in the future for Ethereum. Now, some people listening to this may be very upset at Vitalik, Joe Lubin, Bill Hinman and so forth. And that's fine. You know, I understand I'm not the biggest fans of these folks as well. I do respect Vitalik as a coder and what he has built. I think folks can't ignore that. He did build a great platform. First mover advantage, the EVM is used by many other different blockchains. And there's been a lot of building on Ethereum. You can't deny that regardless if you hate it or you don't hold it. The facts are there from DeFi to NFTs and much more. And a lot of smart contract tech is being used and built around Ethereum. And he made some interesting statements as to what Ethereum is going to target next. So he said DeFi is cool. NFTs are a new primitive, but an extension of something that has a history and using crypto for payments is good, but also familiar. These are individual pieces that are designed to fit it into an ecosystem that's otherwise the same as before, Buterin said. He said what he's excited about is decentralized social, repeatedly name dropping Faircaster, a Twitter like protocol on the OP mainnet with a companion warp cast mobile app that is currently invite only alpha release. Along with Lens developed by Aave founder Stani Kulichov and running on Polygon's proof of stake chain, Faircaster and similar social experiences are using crypto tools to complete with centralized platforms. Let's see how far we can push things in that direction, Buterin said. But where I see the longer term feature here is it really can plug into all the other stuff that we've been doing as a space. So it sounds like he's trying to build like some sort of decentralized social platform that will include the tokenization, the entities, the DeFi and so forth. That makes sense. And as we head into Web3, just as people transition from Web1 to Web2 and even earlier versions of Web2 social platforms like Myspace and Friendster to eventually Facebook, Twitter and so on, we're going to see a transition from the Web2 social platforms into Web3 social platforms, especially as they become more easy to onboard and use. And there's a layer of rewards of tokens. And if people can legitimately earn tokens and get paid for their activity and it's on the block chain, it's verifiable, it's hard to hack and things like that. They will come folks. They will come. People will come, especially as data breaches continue with social platforms mainstream and other platforms as well. So interesting statements here from Vitalik. And I think we want to watch this closely because look, like I said, Ethereum has the adoption, has a lot of developers, has a lot of capital behind a lot of resources. So if there's any token that comes with these social platforms, I'm going to be looking into that and be looking into these platforms and seeing how I can capitalize on it to make a nice return. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button. Hit the five star rating on the podcast platforms. Don't forget to check out the merchandise store. Link will be in the description where you can buy the podcast branded gear as well as fire Gary Gensler T -shirts and hats and much more. Thank you for your support. And I'll talk to you all later. Bye bye.
A highlight from TBGP #408 Starfield Sales, Baldurs Gate 3 console, Mortal Kombat 1 JCVD, Alan Wake 2, Switch 2
"What's up, everybody? This is Carrick with ACG and I'm here with Citizen Sleeve. Longtime member. Very long time member. Five years, six years ago. Yeah. Oh, geez. Remember, Silver fell ill. Johnny fell ill and Abzi is on a work trip. So it's just him and I keeping the fires burning. Reg is making those games and Reg is making games. Yeah, it's like it's so weird, too, because sometimes we'll get six or seven who want to come on and I pare it down. And then this morning I woke up and I was like, I think pinging people and they're like, Johnny's sick. Silver's out. I'm like, oh, because Abzi told me he was out a couple days ago. Like, what am I going to do? I was going to do it by myself, but I wanted to get sleeve on here if he was able to, because he comes on occasionally. We talk about games and movies and he's a big Mortal Kombat fan. And now we know that Mortal Kombat is going to have Jean -Claude Van Damme. We're going to talk about that full circle. So I'm actually excited about that because it is full circle. Like, it's legitimately going all the way back around to the first time. The old style games from them, man. Finding that first one in the arcade was so crazy. Oh, dude. Every time I've seen like Source Street Fighter two for the first time, I remember seeing MK for the first time and then Killer Instinct for the first time. And that loud ass cabinet you could hear across the room that all of them fucking. Yeah. Oh yeah. You know, I always forget the sound of an arcade. The sound of an arcade is crazy. When you go in and you like all of the games merging together, it's just like show you. You almost need to acclimatize now when you go in. Like I've been in a few because we've got a town near us, which has got a ton of arcade. So I go in. Yeah. It's like John change. Oh my God. Overwhelming. And then you kind of click into it. You're like, oh, I remember we would be at the fair and we would just you would track down. You would be able to track down the arcade pure by sound. You know, there'd be like at our fair, there were like animal exhibits. There was zoo exhibits. There was all kinds of crazy stuff. People paint in your face. You know, you can get pictures, you could get all this and you would just hear very far away. Okay. It is 20 meters that way. Yeah. You'd hear somebody or whatever he says when he's doing somebody's doing a kick. And I was like, OK, we know we know where the arcade is. And then you would go. And I still remember the first time it went from 25 cents to 50 cents. And I was like, oh, no, half the games because we would spend almost all of our money. Like, we would just go there, nothing to eat, dry, desiccated husks of gamers to wet in in there, just playing. Love that shit, scribbled away, hunched over. Yep. If you guys get a chance, tweet out that we're doing this. Hopefully the alert went out, but it looks like it went out with the wrong thumbnail. But that's life. I don't even think I put the numbers on the thumbnail. So a lot of people won't know that. But I appreciate you guys spreading the word of this word. A million. We're almost at one million one hundred thousand subscribers. So thank you to all of the new subscribers as well. I know a lot of people don't check out the podcast as much as the reviews, but if you do, thank you for showing up. Definitely appreciate it. Let's just break into Starfield real quick. So Starfield, it released a couple of days ago, then, you know, released early access, then it released final to people to actually play, which is what you're doing now. And they said over five million or six million people were playing it. You know, you don't know the sales. I think six and one million concurrence is what feels tweeted out. Yeah, there was one million concurrent and that was early access. Yeah, dude, like, regardless if you like it or hate it, it's obvious. I mean, even if you just look at that, it's a success of some kind, especially with it being exclusive to them. Yeah, it was pretty interesting to see something that I noticed this morning, too. So I've continued to play it after beating it twice, the third time, actually. But for the review and I saw a lot of people sort of changing their ideas on the reviews, which was weird. There was a lot of even the people who were high, low, what have you. There was a lot of people were like, oh, I've continued to play it now. I like it more or whatever. I'm like, I should do a review then. I don't quite get it. I saw a couple of people say, no, now it's my game of the year. And I'm like, what now? I don't know if it's my game of the year. I'm not. I don't want to get in that conversation. That's a dumb conversation to have right now, but it was an odd process. What do you think about the first couple hours, though? You yourself. Okay, so I got it for early access. I paid the extra. I was off for a few days. I was not aware of that. I apologize. Okay. Yeah, yeah, yeah. Early access. But I haven't played a ton because you know me and I did what I always do. I made a character played three hours. I didn't like that character because I didn't like the traits I've chosen. So I started again. I started again. I did see that. I'm okay now. So I mean, about eight hours in, so not loads, but the opening is tedious as all fuck. Yeah, I think luckily short. Yeah. I mean, it's only I mean, I've rushed through it without paying attention. It was only 90 minutes until I was making a character. There you go. That's not it's not long or anything, but it's just like Bethesda have always struggled to have an open into a game that creates the sense of kind of open world that you're about to enter into. I think Fallout does it best because you have that moment when the door opens normally. Yeah. But like growing up as a baby in Fallout three and having a birthday party. I know the idea is to establish the world and you're this kid growing up in a vault, blah, blah, blah. I don't need an hour of it. Yeah, I don't need it. And then I like Oblivion, the dungeon even Patrick Stewart's King for the first time. That's really tedious. And all I ever did in the end with those games was I would get through that as quickly as possible, make a save just before I created the character and never, ever do it again ever. Yeah, right. But this one, I think, is the worst it's been for a long time. There's no moment of do you get in the ship and you fly off? And even that's a bit trite in terms of like, here's a chance for folks to get some resources. You're not going to use for however long following. Yeah, it's it's definitely slow. Thanks for all the chats and super chats, folks. It helps the channel. I'll read them in a bit. I would say that when you look at this game, it definitely is like I can get through it, but it doesn't have it doesn't solidify me in the world, even though those others I didn't like as much. They did. And they were like, so you do it once or solidify to understand. I didn't feel that way with this. And even though I've done and plus now three times, I still don't I'm still like I even come up with a couple ideas on my own. I'm like, I could have I'm not saying I could have done it better, but I would have loved to have seen some of the other ideas that these guys had had for a starting.
"one million" Discussed on My First Million
"And then i'm guessing 'cause i haven't listened to partout yet but i'm guessing that obviously it's going to turn up and he's gonna end up becoming the leader of the country but it was so crazy to me that he was unremarkable. Essentially till thirty it. Was that surprising to you. In the moment that you're talking about is like he was kind of like a mid level operative saint petersburg and i think the guy that he worked for lost an election. So he's like out of a job and he was going to go just like started. Judo jim in saint petersburg russia. Yeah because he's like pretty good just like he's like in scranton he's just a mid level assistant to the regional manager and then somehow becomes. Dwight became. That's sort of like what happened with putin mid level officer to president. Do you think ben that he is actually the richest person in.
"one million" Discussed on My First Million
"It. So i sampled your gym so i went to your house. Sample georgia wow amazing. And then i called you the other day. I was like yo. What are you using for the floor. And what are you doing. What are you doing for that. Gave me the the blueprint. Because i'm turning my garage into your garage. I i'm like that is a great. That was such an amazing feeling to work out there. I want to have that feeling on a daily basis. So dude it's cheaper than you think. I didn't even take. It's not even a lot of money but it's more like is more of having the clear vision of what you want and seeing yours was like. Oh now. I know what. I like and i just have some additional modifications. I'm like oh my daughter is too. She loves to come out when i'm working out. And she wants to work out with me side by side which is just like. She just wants to be she wants to do. Little things next to me so creating a little workout playpen where she can go in there with a little foam weights and do her thing while. I'm doing mine. So i'm like okay. I'm going to craft this lifestyle. It'd be what i want and that there's something to the sampling. And i really encourage people to find a way to sample it. If you want to know what kind of home you want airbnb something before. I did this chef thing. I hired a chef for one meal to cook dinner for like i had some friends in town is like oh let me hire somebody off craig's list to make one meal deal we can go out to eat but wouldn't it be cool for chef came to our house and did it and like the cost about the same of taking my friends out to a restaurant so let me just do that at home and it was amazing and so having that chef at the at the home was like a good way to test these things and so. That's my kind of challenge to anybody who has made it through this random episode which is like think about the shit that you have been telling yourself you want and figure out a way to go sample it like in the next week go rent the car go hang out at someone's house go shadow a co go. You know higher the chef for the day do do like the sample of figure out. Does it make you want it ten times war or ten times less because usually that's the reaction i have when i when i feel it for the first time real as i want it.
"one million" Discussed on My First Million
"But they like the feeling after the cleaners our here is like that's like a high for me i did. I don't know molly is but that's molly for me. I feel so good in my own home. It's amazing having food. Having fresh healthy food made i think that's that's a treat absolute treat for me. I i'm perfectly happy with a cleaner who comes every two weeks and i think we spent one hundred twenty one hundred th i don't remember but i'm also and i have kids of their best. Heroes fox gets destroyed. My sister cleans i think four times a day in her house is putting putting toys away every every four hours basically so it's crazy I don't know if people care about this. But i guess my point is trying to make is i think sam's lasota already like totally off the i think sampling. Your lifestyle super important. I'll give you one more story here that that helps so you know that added. I did a podcast from vegas. I said i was that somebody's home. Fifteen thousand square feet. Yeah i don't even know how. How many like ten ten to fifteen thousand square feet just unbe. It looks like a hotel. Basically and unbelievable they they have. They've lambeau and ferrari in a monster truck and all this other cool shit. They have all the toys a batting cage in the backyard. There's an infinity pool. That looks over the strip. There's everything you would want home. Big out elevator. All the crazy shit And so anyways. I when i was there. I had this feeling that i don't like that. I've thought i had slade this feeling but no we came back and it was like kind of jealousy is like the way i knew it was because i was like poo pooing like oh i don't need all this. I'm happy without all this. And i was kind of like in my head. China like almost say. Why didn't want these things. Because actually i feel bad. That i didn't have all these things like this weird psychology thing but the simple way of explaining it was like i felt these little hunger pangs of of envy of like. I want that and i was like oh. That's not a good feeling. And the shift i made was instead of feeling like oh you know these are things that i don't have but they have right like there's nothing wrong with them but i don't have these things and other people have them. Instead i looked at it differently. I was like Though the third day there. I gotta shift my mindset. I'm not trying to have this. Jealousy feeling in my my day is not a cool feeling for me so i was like all right. What am i gonna shifted to..
"one million" Discussed on My First Million
"That these marriages aren't always the best and so happy You know most. I would say like a very low divorce rate because like societally. It's like taboo against getting divorced so they just like even worse stay together. Unhappy is what most people do. And obviously some get divorced. Their's arranged marriage ideas. It's not great now. Counterpoint would be. I think in new york. There's a fifty three percent divorce rate. Also so you know. Maybe the whole dating thing doesn't work as well so that that's the that's a fair counterpoint. But i would say this idea of dating basically try before you buy is is really important in life and like these these tests that you've done for yourself or super important and i'm shocked more. People don't do them. I started doing them. And i'm like wow that's way better than this. I'll just have this idea in my head and it'll get so real in my head. And then when i finally do it on my gosh it was underwhelming. Sampled this beforehand and known that not does idea like What's an example like okay. I'll give you an example on the plus side. Sliver a hired a chef. I have a personal chef. I wanted a personal chef for a really long time. How much does that cost a month. Show how much does it cost me on this about three thousand four hundred dollars a month. three thousand five hundred dollars. Maybe thirty four hundred includes food that does not include foods on top. That's just like the service the service of having a private chef in my house and by the way worth it amazing fortunate to be able to afford it but like to me. I don't have a fancy car. I don't even have a fancy home. But i got a housekeeper who comes three days a week and i got a private chef and to me. That's like that's my version of luxury. That's you know. That's my version of lambeau. It's like lifestyle Does this person how everything does so. I have a chef as well for a minute but it was a little bit different more like meal. Prep does this person. Come and i paid way less a fraction of that right. I'm in the bay area to so yeah but my guy came two days a week and they would meal prep for me and i didn't like it ended up not using him and i made my own food tested them so to do the sample idea. I i even got the idea. Because i got to sample it. So my previous company monkey furniture you. You've been there before for lunch. I think probably the the investors behind us. They are kind of a billionaire family. The family they had a private chef in their home. But you know they were out and about all day working or they'd be at the office so they're chef would just come to the office and cook for all of us and so we company of like twenty people and cook this amazing spread and all of a sudden healthy food tasted good so immediately i was like holy shit. This is kind of amazing. I don't have to go out figure out what to eat every day. This guy just decide so this decision. I don't make he cooks healthy food. And it tastes like junk food or wow. That's amazing if i just ate this for all my meals i'd be way healthier than just my lunch and so so i got to sample it..
"one million" Discussed on My First Million
"It's amazing. I would love to go visit. But i would not want to do this myself. So i've actually done this a bunch of time. So there's a bunch of stuff that i wanted to my life and i was able to test it on a very small scale and i'll give you a few examples so for example I wanted to retire. And so i had the opportunity a couple years ago. I took six weeks off right. And i just took it off completely and by the fifth week i was like i can't retire. I have something to do. Another example is buying a fancy car. You can go and test these cars for right. It's a lot of money. It's a thousand dollars a day but you could testing two hundred thousand dollar car for two days. Is you get into this. Ferrari is so small. I cannot drive us up and down like a driveway. It's going to smack the ground and it's not fun. I'm stressed about this versus the stress of having it is actually not a good trade. Now that i feel it another example having a five thousand square foot home for the longest time i was. I want five thousand square foot house. So i went and rented a five thousand square foot house. I spent a lot of money. Maybe i think i did it in new york. I rented a fifty five hundred square foot house and it was like thirteen thousand dollars a month. A lot of money. No doubt about that but the house was way more expensive than that. And i got this house and i was like i cannot imagine having to fix all this crap. All the time exhausting. I can't do this. I don't want this or i'm only using the living room bedroom in this huge kitchen. Which i like. I don't need these six other bedrooms and anyway. I think that you could actually test. A lot of stuff and more people should do that. They should do so. I've got my rant for a second figure out like in college right so i think there's this crazy thing in society. Which is like over commitment and over specialization without dabbling. So your freshman. I remember at the end of my freshman year in college. I had to commit to a major like to is just figured out. Where the hell the bathroom is. I don't know what a major is. I don't know what the other majors could be. I know that. If i don't commit i'm going to be falling behind an off track it. I'm not going to have my credits on time. And i'm not gonna know what courses to take and i'm basically picking my career without even knowing what my career should be so forget what classes i'm gonna like these that my major sort of dictates what job i'm eligible for at the end and i think it's crazy and the same thing with people's first job. They just sort of pick a career track without dabbling and figuring out what they actually might like to do. The idea of dating is a amazing like my parents were arranged marriage so they they literally. My mom read an ad in the newspaper for my dad. Which said like you know. Six feet tall which is a slight lie. Five ten indian. What else engineer. Degree and good family basically the ad and she was like describe like every indian american. Good enough good enough to marry. Let's let's meats and then the parents met in this won t. We're having this one coffee meeting. We're having all right cool done deal. See the next time. I see you will be at the wedding. And that's how they got married and like you know really shocker..
"one million" Discussed on My First Million
"Opted ideas so anyway said juliette basically. Yeah he buys and by the way the ranch thought he was a restaurant because he was ordering so much fucking steak. They're like well certainly. You're a restaurant. Here's your wholesale price break and it just turns out. He's just a dude anyway so he really wants to build this ranch in the middle of nowhere because he's thinking about about one live anything he he tweeted out. This threat that i love is just just search is named julian and i'm building a ranch in the middle of nature and basically he's like. Why am i doing this. I wanna leave san francisco. I you know. I think it would be amazing. And he basically tweets out his plans. He's like. Here's where i'm looking. Here's the land. Here's how much it cost to build these like prefab home to build this podcast studio. I'm going to have like buy blink. You like this. I know this is right up your alley. So what did you think about this. Okay so this.
"one million" Discussed on My First Million
"And then he got six eight weeks and do it and he's like i can't even imagine eating sugar carbs again. I crave 'em at all. It sounds horrible by the way. That's a real thing from what i understand that. There's there's basically in your microbiome in your gut. There's all these basically these bacteria that live there and the bacteria fee of the different yeast and bacteria feed off of different substrate. Different different food. And so the more you eat carbs so imagine if what you're putting in his carbs the bacteria that thrived off of let's call it. Meat are gonna die out and activity of the thrive on. Carbs are going to proliferate. They're gonna spread they're gonna multiply and they're gonna they're gonna make up the majority of your gut and then if you decide to switch go low carb all of a sudden those bacteria are going to say we're the our food and in the craving you feel those carb cravings is not just like your mind being week. It's literally the gut bacteria that are signalling to your body. We need our fixed. We need our should or we're gonna die. What are you. are you reading about body stuff. Now how do you know all this. No i heard this once. I was fascinated by it. And somebody had told me this. And i looked into because bullshit and like i'll just say half the should. I read five years later. Trajectory bullshit so like with health. I feel like nobody knows anything. But in hearing this i was like. Oh that makes total sense. And that's how you get just like you get withdrawal pangs. If you stop caffeine the same exact thing happens with cars and when you know that that's what's happening you're like okay. I just need to ride you motherfuckers out like i just need to keep. I decided to hold you elza. Starve you guys out. And in seven days you'll be dead and the only bacteria left will be the ones that feed the stuff. I want to be eating. So.
"one million" Discussed on My First Million
"Started deteriorating deteriorating it was about to die and they did this gene editing stuff and he was able to re grow back his skin and a lot of people. But it's very controversial because you're doing a couple of things. You're kind of like playing god which i don't buy in but that's an argument people also yeah and also it's experimental and so the fda like very closely monitors the stuff ran. They'll say there's there's weird bio hacker fringe types. Who are interested in this stuff. And so it's all like controversy`l kind of but nonetheless it's cool so i'm trying to invest in. This company called mini circle. And they're making this new gene therapy that like increases muscle mass bone density helps you with insulin sensitivity. And does all this crazy shit to you but in order to get it done in america you gotta go to the fda and it's like this big process and so. They've moved their company to prospero. This peter thiel city in order to make all this should happen and they're doing their city or is this in.
"one million" Discussed on My First Million
"So listen to the gold digger podcast again goal like i've got goals to achieve something big get good name the gold digger podcast not gold digger. The gold digger podcasts. Wherever you get your podcast check it out. Okay did you. Did you know. I've done a very similar thing. Is i got a couple of like when you said you were doing this. I remember back when i did this. There's a group in the bay area that has called the inside inside circle. I think it's called and nonprofit they basically go into. It's like A men's group so for people who listen to this. That don't know what a men's group is. It's a key idea that's been around for a long time as many different flavors of this. There's some that are kind of business oriented. There's some that are our interests are changing your life. I forgot what's the what's the famous one of the bayer. that people think is a cult. Men's group know if you know the name of it could become a weekend thing you do But there's something yes something like that. Not not that. There's something like that so anyway. The men's group is where a bunch of men get together. They sit in a circle and talk about the feelings and talk about what's going on and they a and they have like a whole process. That's like basically helps people unpack. What's going on inside so that they when you unpack. What's going on inside. You're not carrying all this baggage around and then you you will act more like what you want to act because you don't have the sort of suppressed pent up stuff inside. That's my layman's version of. I'm there's a much fancier better way of explaining it so i went to folsom prison to the same same sort of thing day program you go in and this guy gino. He was kind of like you know you get pen. Pal buddy basically so you know you meet your buddy and he was in there. He's been in there since eighteen and he had murdered somebody when he was eighteen. And he's been in there for twenty years now thirty eight and he was like you know yeah. I did this horrible thing when i was eighteen. And like i'm in here for life. Basically like my whole life is basically in prison and he had a great great attitude about him. Funny guy he was you know he was just. It was kind of unreal. Because i had been you know kind of embarrassing admit it. But i had been kind of You know in my head. I just sort of wrote this off just wrote off people in prison. I think society writes off. And i had sort of just aim like yeah not not super interesting going in and meeting people who have murdered people before. But it's really not that simple. Let's you meet them. It's really not that simple to sort of like bucket people like that as good and bad and so you kind of kind of embarrassing. Even out loud sounds obvious but it was kind of a kind of a waiting moment and that we did we. Did these exercise where you're like..
"one million" Discussed on My First Million
"I believe the story is ten years ago. He was dating a woman and she volunteered at a prison and she was teaching. I think math like she got pulled into it. At san clinton's you live in san francisco and someone was like. Hey we need sorry. Someone was like chris. Can you come and talk about entrepreneurship to these inmates. I guess i'll go and he goes and they're like can you come again. Can you come again. He's the guy i guess. And then eventually he was like wow you know. This is a major problem. That i'm passionate and i care about. And so him and his wife. They started a thing where they go. Hey they went to a sacramento the capital california and they basically lobbied for this program. They go hey everyone will put up one hundred thousand dollars you know. They're talking to the politicians would. Would it be okay. If we did a cohort for entrepreneurship in san whitten. Through friends. they got in front of the right. People can approve and then they're like well. you know. Entrepreneurship is okay. But teaching the code is way better so he starts doing that and then he goes in his apple. I believe the trump the trump administration the coke brothers rich people to donate money and now they have this huge program. That's kind of amazing..
"one million" Discussed on My First Million
"He's a he's a you afraid of me and i was like as a yeah. I'm afraid he goes. That's your truth. Feel like actor. Rude aware that nobody could be what i want to days. Travel never look in on wednesday. Ramon was on so ramone. Ramon ramon is the best. Silverman came on and did his thing. He was the best good. I'm i'm happy for him. He's getting a bunch of wins right now and that makes me happy for him. Yeah you where were you say. You were doing something interesting. That's let me tell you. Come story yeah. Let me tell you what i did. So i found here with this program called the last mile. It was started by my friend chris ride blitz. Chris started he did a bunch of stuff. He was early at reebok. he's sixty five years old. He was an early employee. Reebok would you probably became very financially successful there. Then he started a company that he took public and then he started a vc fund. That i believe was quite successful. They were in on wish dot com and fielder things and he started this charity or nonprofit called last mile and the whole vision behind. This thing is basically. I'm not supposed to use the word inmates. They've asked me not to use the word inmates. But sometimes i'm still gonna use that word because that's what most people know what it means but basically prison inmates they are going to get. What do they want you to say. Well it's a good good terminology and good way of thinking but basically they're like well look we're trying to get them out of prison and intertwined said if they're going to be working and having a job. We don't want to refer to them as offenders as inmates but students started on but that would be confusing in this context. Okay yeah in this context. Yes and so. I'm going to kind of go against his rules in this context. So there's a million people in prison right and a lotta guys. Are there for ten twenty thirty years for manslaughter for doing whatever they're going to get out and whether you like whether you forgive him for the crime or not the fact is is that they're going to get out and so the last mile is teaching them how to code for about two or three years through a program and then helping them get jobs at like slack. I believe ebay things like that. And they've graduated. I think eight hundred people out of prison. The who what the program and none of them have gone back to prison. And i believe the average prison the average person who goes to prison. I think it's like a sixty five percent chance that go back to prison right. So the fact is that these guys like for example. I was with this one guy who basically he caught his wife cheating and they got into an argument. According to the news. I google that he she like went to fight him with the hammer. He grabbed the hammer and killed her and he was imprisoned for twenty years. And i.
"one million" Discussed on EV News Daily - Electric Car Podcast
"Now he didn't have comprehensive coverage on the car and it wasn't covered under is insurance and tesla wouldn't replace it so he went to the electrified. Gay marriage according to also dot com. They picked up the story. The bottom line is the independent repairs. so you might know the name rich ben. Well rich rebuilds his youtube channel. They went to his garage. It cost him seven hundred dollars because they were able to identify the part that had been broken and replace it. Because you can buy the pumps from tesla whereas if something small breaks tesla and then not the only ones that do this apple a much like they replace the whole module they look at it and case if we d sold to this part from the motherboard on your iphone and we put in a new resistant or something. It'll work again and it'll it'll cost of dollah but we it's a whole new poll of the phone. Now that is wasteful. it goes to landfill if it's not being recycled and of course for this chap he didn't spend sixteen thousand dollars on a whole new battery pack. He spent seven hundred dollars on the parts and he also made the point the when he detests well. If you are putting a new battery pack in for sixteen thousand dollars. I'll have the old one because i own it..
"one million" Discussed on Bloomberg Radio New York
"One million hard copies printed people lined up in the rain to get a bit of history. Bloomberg Stephen Engel has reported now that they're down to a skeleton crew because employees had quite a fear of more arrests and fearing for their Freedom Day two of the trial of several men charged under this China security law as well. U K Prime Minister Boris Johnson today marking the five year anniversary of the vote to Brexit, saying that U K is indeed established its independence from outside influence. US. FBI Director Christopher Wray in front of the Senate Appropriations committed today, says the agency strategy to stop Iran somewhere is working. Europe is getting a fresh warning about safety and getting people vaccinated. The Delta variant spreads UK reports most cases since the start of February in San Francisco. I'm Ed Baxter. This is Bloomberg. Alright, Paul back to you. All right, thanks very much. Said we're joined this half hour by Thomas Hayes, his chairman of Great Hill Capital, and Thomas. We did have to catch you off on your thought. A little earlier, you were talking about Alibaba, saying it's down for three key reasons. I wondered if you Care to expand on those? Yes, Chinese stocks at the whole, the whole basket really got hit several months back for a few reasons. First and foremost, was the arcade Goes Family office to Bill Wang Blow up there was an unwind of about 100 billion notional of Chinese stocks. And the ones in his portfolio. Baidu VIP shops Gsx Tencent Music entertainment were hit but also the ones that weren't in his portfolio. Like Baba JD X. Paying the entire group was hit with this unwind, which took many months with the prime brokers unwinding their hedges and their positions. The second thing is obviously the Chinese government regulation and crackdown. We saw $2.8 billion fine. Anti monopoly. Find to Alibaba. We saw a crackdown on the live streamers on the education providers. We saw a delay of the ant financial Ip I P o, uh And then, finally, of course, was inflation fears. So you saw the same with attack and yield sensitive groups in the United States with the 10 year yield went up from 100 basis points to 175 basis points within a period of six weeks earlier in the year. Attack and Chinese tech all sold off because long duration earnings became less valuable with with the fear of a higher discount rate. Now, Alibaba is a unique situation certainly best in class. If you look back since its IPO, it's traded at an average PE of 28 times. If you look forward to next year's earnings, it's trading.
"one million" Discussed on Conscious Millionaire Show ~ Business Coaching and Mentoring 6 Days a Week
"If if you just have community and people you care about and health and food and water got a rich life richness feeling really rich really alive. Bashful would again got malaria twice. Since i grew up in southern california with some pretty optimistic and outgoing parents specifically in the health capacity southern california. We awesomely think that green drink and meditation heals everything that was according to the doctor who told me. I had malaria the stupidest thing. He's ever heard of his life and he definitely definitely urged me to take the malaria medicine which i was stubborn about Because i really deeply believed. I could heal it if enough meditation in green drink. My body would naturally heal itself so him and i went a little bit of a debate for a couple of weeks. It got to a point that i was struggling to brief at fifty five thousand parasites per one red blood cell. According to him about six days left to live took the medicine. Luckily knock on wood got better And then came home and realized health was the greatest wealth in the entire world and it was interesting. It was a full circle reset over about a decade of my life. That went from. If i could just live like the music video. I really feel like i'd be living life to the fullest to my goodness. If i breathe life is beautiful. It's very interesting skipping my story because if you listen and i hope that you are fan if this is your first time i want to welcome you here. i've had some health. Challenges had a heart attack three years ago and my number one priority in life is health. Yep it's health. I'm primarily vegetarian You know eat very healthy foods. I do have green drinks. I have to confess you know now that you brought it up you know. I'm curious the smart path to your first million. What how do you define that. Because if you're listing chances are you either wanna to your first million are. You've already made at least a million or more and and you want to get to the next millions in some ways. It's the same principles absolutely so that smart path. We were talking about this prior to the show. Where i've been to vegas a few times in my life and i've sat at a blackjack table and watch people play this game. And they said there's an easy way to get the blackjack which is a jack and a ten kind of flip over and you go..
"one million" Discussed on KIRO Radio 97.3 FM
"Jobs report. The economy added just 266,000 new jobs last month. Many economists were expecting one million. The unemployment rate rose to 6.1% Bankrate senior economic analysts mark Camera, You have not had the improvement in the job market that we would have expected by now. We had thought that as of this report, the unemployment rate would be below 6%. Instead, it's slightly above And we did not get the number of jobs restored in the economy or added, And he says this does not help the long term outlook in our state. Unemployment claims were down last week, New claims were down almost 10% from the week prior. Total claims down. Just 1% in Texas legislators worked through the night on a bill to rewrite the States voting laws. Texas, already rated one of the hardest states to vote in an election experts say this bill will make it even harder. Vice president of Kent based Ari. I. Speaking out against those changes in Texas about is are we standing up for the things that we believe in? I think more and more consumers are looking to brands and two businesses to make their values clear with their actions. Ben Steel joined more than 50 business leaders, signing a letter opposing the change is concerned about Is when eligible voters are. It's made harder for them to vote, and we're seeing that a lot of places, and I think there's an attempt to politicize that. But we see it as a fundamental right, not a political issue. Ari. I has stores across Texas. First the threat of a special session from a bipartisan group of state legislators. Now Governor Jay Inslee faces more criticism for his ever changing reopening plans, while the head of Washington Hospitality Association appreciates the governor pausing any rollbacks. They want something more certain. Set a date. June 15th. It's time to fully reopen. Let's do it by June, 15th Anthony Antone says, setting a date like that gives everyone who wants a covert vaccine enough time to get 16 33. Now let's.
"one million" Discussed on My First Million
"All right. We live how do i look. You look fantastic you upgraded. I'm currently recording a wish. I could turn the camera around. But i don't want to screw it up but i'm sitting at my friend jack house in hawaii. I'm having a a week vacation. Congratulations well deserved yeah. It's cool just sky here but going to be here for maybe five days but it's all right. How's things going with you. Things are good. Did you see this thing that the guys who tweeted at us that were like do. We will pimp out your stream. Did you watch these videos that they made no. I've been flying. But they said they booked a ticket to austin. Are they actually going to my house. I don't know if they. I don't think they're waiting for us to be like yes or no but these guys applied very intelligently. I got credit so basically they saw that. We were trying to upgrade our stuff. And they're like we'll do this for you. We'll make it no hassle. I'll come to you. I will look it up and a few people tweeted something like that at us. And you're like kind of ring. It i guess and then these three guys are. I think they're like college seniors or something like that. I don't really know didn't look too far into it. But they sent us a video. They go watch. Here's what we're gonna do. And they recorded video. And it's looks like a casey nice that video the quality is like that and the editing style and storytelling is like that the a funny video it was basically telling us how they would put stream and they keep calling it like my first million to the moon and we're going to take this baby to the moon. Here's how we're going to do it. And so they did two things. He showed how his camera setup how they do it for their podcast and it looks awesome. Looks way better than ours then. The next day he sent us an edited clip of you telling the story of bumping into the silk road founder at a party girl or whatever and they edited like a little clip. They're like do. We'll pump out clips like these all the time. My first million to the moon baby. And i think good. They're good. they're really good. Both videos are really good. First of all let's hire them and second. Where did they send this to twitter. I've been flying since saturday. The it's on twitter. I sent you a link. Because i was like dude. Fuck yes this is like this is you know. It's like the opposite of job application. Normally you get a job. You put a job that you want to hire somebody to do x. And then some people will apply. And then you like kinda squinting you're like. I think this person was really going to be able to do it..
"one million" Discussed on Podcast Pontifications
"Available podcast thanks to anchor and still going strong like really strong new things rolling out from spotify right now so even though we might not like it. They're they're they exist. And that's kind of what clicked inside of my head. Clubhouse could do this the same thing. Clubhouse has right now ten million weekly active users not monthly active users weekly active users. Just think for a second. How simple and straightforward it likely would be four clubhouse to flip a switch and turn each club into a podcast and then automatically distribute that podcast to all the platforms same platforms. You're listening to this on the same platforms. Your show is listed on the same. Show that those one million brand new show is from anchor showed up on now. Why did i say it. The title of the show that these would come from clubhouse. Not podcasters doesn't that by default. Make these people who are producing. These shows podcasters. Well technically yes but practically no right. They're not interested in the geeky sides of things. Most of the people creating content on anchor of those one million new shows last year really probably don't consider themselves podcasters. I've called them. Pinos in the past linked to that episode podcasters in name only and i think that's what we're gipp. If in fact clubhouse does open up the floodgates on us and allow anybody. who's in a club to automatically have those episodes published as a podcast. Now as i've said before the next wave of podcasters are going to look very different than us. Those of us started back in two thousand four. Those who started in in the office or the early double digits teens area the twenties and thirties. We'll look totally different. I've said previously. Well maybe the future is that we're not thinking about ourselves as podcasters anymore. The new wave don't really consider this podcasters more importantly maybe they don't care.