OCTA: Crypto Carnage + Silver Linings🌟
Summary
TLDRIn this transcript, the speaker discusses various topics including the macroeconomic situation highlighting the correlation between increasing debt levels and artificially low yields. They delve into the world of cryptocurrencies, emphasizing Bitcoin's role and its recent price fluctuations, while also touching on Ethereum's post-Denton transition. The speaker shares insights on the growth of the crypto market, the influx of new users, and the significant inflows into digital asset funds. They also discuss the stock market's reaction to AI and bots, and the increasing relevance of electric vehicles and Bitcoin mining efficiency.
Takeaways
- 📈 The total debt to GDP ratio of the world's top economies correlates with lower yields, highlighting the necessity to maintain artificially low interest rates to avoid economic collapse.
- 💸 The SEC's settlement with Genesis for losing $900 million of client money in their Gemini earn program shows that regulatory protection for investors is not as robust as perceived.
- 📊 The California job growth data indicates potential inaccuracies in government-provided statistics, questioning the reported economic health.
- 🌐 Increasing debt levels are pushing for maintained low yields to prevent concerns over debt sustainability.
- 🚀 Despite a rough week for cryptocurrencies, Bitcoin ETF investments continue to pour in regardless of price fluctuations, signaling a change in investor behavior.
- 🔄 The growth of government jobs and healthcare jobs in the United States reflects the current job market trends, with technology advancements posing a future threat to these sectors.
- 🏦 The Ethereum network's gas fees have risen post-Denton, contrary to expectations, indicating ongoing issues with scalability and efficiency.
- 🔽 Bitcoin's dominance in the market is challenged by the growth of Ethereum and other blockchains, with daily active users and fees on alternative chains increasing.
- 💡 The adoption of blockchain technology, particularly on the Solana network, is skyrocketing, with one token surpassing the entire Ethereum blockchain in trading volume.
- 📈 The cryptocurrency market continues to grow, with the market cap doubling in 22 weeks and user numbers increasing significantly.
- 🚗 Tesla's advancements in electric vehicles and autonomous driving technology are revolutionizing the automotive industry, with the Model Y and Model 3 leading the way in production and adoption.
Q & A
What is the significance of OCTA Tuesday in the context of the transcript?
-OCTA Tuesday appears to be a regular event or meeting where the speaker discusses various macroeconomic topics, Bitcoin news, onchain updates, and other macro news related to the cryptocurrency and tech industry.
What does the speaker mean by 'the one chart in the world that'll tell you everything that's going on'?
-The speaker is referring to a macro chart that provides a comprehensive view of global economic conditions, suggesting it can explain the current state of affairs and the need for alternatives like Bitcoin.
What was the outcome of the Genesis incident involving Grayscale and DCG?
-Genesis, part of the Grayscale and DCG group, lost $900 million of their clients' money in their Gemini Earn program. To settle the case with the SEC, they agreed to pay $21.2 million.
What does the speaker imply about the SEC's role in protecting investors?
-The speaker implies skepticism about the SEC's role in protecting investors, suggesting that their actions, such as settling cases with financial penalties, do not necessarily safeguard individual investors' interests.
What is the significance of the debt to GDP ratio chart mentioned in the transcript?
-The debt to GDP ratio chart illustrates the relationship between a country's total debt and its economic output (GDP). The speaker highlights that higher debt levels correlate with lower yields, which can be critical for preventing economic collapse in debt-laden economies.
What does the speaker say about the growth of government jobs in the United States?
-The speaker notes that government jobs are the fastest-growing sector in the U.S., with healthcare jobs being the second fastest due to the aging population. However, they express concern about the future impact of automation and AI on these sectors.
What is the speaker's outlook on Bitcoin ETF investments?
-The speaker believes that Bitcoin ETF investments are a significant factor that's changing the landscape, with money coming in regardless of price fluctuations. They predict that the next 30 days will be particularly interesting for Bitcoin's price trajectory.
What does the speaker suggest about the future of Ethereum after the London Upgrade?
-The speaker mentions that Ethereum's gas fees have increased post the London Upgrade, which they find concerning. They also note that while there is anticipation for the Ethereum 2.0 upgrade, the current situation is not changing the world as expected.
What is the speaker's view on the comparison between monolithic and modular blockchains?
-The speaker believes that monolithic blockchains, which handle all functions in one platform, are outperforming modular ones. They argue for simplicity as the better solution, citing the success of chains like Solana as evidence.
What does the speaker say about the correlation between Bitcoin and the NASDAQ?
-The speaker notes that despite Bitcoin's price fluctuations, it has seen a significant increase over the last 90 days, outperforming the NASDAQ. They suggest that a lack of correlation between the two is generally favorable.
What is the significance of MicroStrategy's recent Bitcoin purchase?
-MicroStrategy has invested an additional $600 million in Bitcoin, bringing their total investment to over $7 billion. The company is leveraging its cash and Bitcoin appreciation to fund its strategy, which has resulted in nearly a 50% gain on their Bitcoin investments.
Outlines
🎤 Introduction and Macro Analysis
The video begins with a welcoming statement to the audience, acknowledging their participation in the OCTA Tuesday event. The speaker, Benjamin Krypto Clint Alexander T, expresses gratitude to the attendees and Patreon member Sarup STH. The agenda includes a macro chart analysis, Bitcoin and onchain news, and discussions on Clean Spark, Nvidia, and Tesla. The speaker emphasizes that the content is not financial advice. The video is sponsored by caffeine, and the speaker references the movie 'The Good, the Bad, and the Ugly' to frame the topics of discussion. The segment starts with an analysis of token unlocks and their impact on the market, highlighting the poor tokenomics of certain projects and the financial loss suffered by Genesis due to the Gemini earn program. The speaker also critiques the SEC's handling of investor protection and presents a chart illustrating the relationship between increasing debt levels and artificially low yields, emphasizing the fragility of the global economy and the cautious approach required by the Federal Reserve.
📉 Market Performance and Predictions
The speaker discusses the recent market performance, noting a rough week for cryptocurrencies, with Bitcoin and other digital assets experiencing losses. Despite the downturn, the speaker points out that ETF volume is high, suggesting significant buying activity by BlackRock. The discussion shifts to Bitcoin's performance before and after halving events, highlighting the ETF investments' consistent inflow regardless of price fluctuations. The speaker also mentions Bernstein's price target for Bitcoin and expresses anticipation for the next 30 days in the market. The segment concludes with a brief mention of Ethereum's post-Denton performance and the challenges faced by the platform.
🚀 Positive Developments and Records
The speaker shares positive news from the crypto market, highlighting the significant growth in the crypto market capitalization and user base over the past 22 weeks. The number of transactions has also increased, indicating a healthy onchain activity. Despite market volatility, the speaker notes that the fear and greed index remains in the 'extreme greed' territory, and Bitcoin has shown a positive monthly return. The speaker also discusses the GBTC premium and outflows, emphasizing the continued interest in Bitcoin despite market fluctuations. The segment ends with a mention of digital asset inflows, which have reached new records, reflecting the ongoing investment in the crypto space.
🌐 Blockchain Adoption and Network Growth
The speaker delves into the adoption and growth of various blockchain networks, particularly Solana, which has seen a significant increase in daily active users and transaction volume. The speaker highlights Solana's record-breaking fees and the substantial earnings for validators, surpassing those of Bitcoin validators. The discussion also touches on the cross-chain bridged assets to Solana, emphasizing the network's ability to attract funds from other chains. The speaker contrasts the performance of Solana with Ethereum and other blockchains, arguing for the superiority of a monolithic blockchain architecture. The segment concludes with a brief mention of the stock market's performance and the speaker's personal investments.
🔋 Electric Vehicles and Global Trends
The speaker discusses the growing adoption of electric vehicles (EVs), noting the increase in EV registrations as a percentage of the car market. The speaker criticizes the continued use of gasoline-powered vehicles and their environmental impact. The segment shifts to discuss the transition of gas stations to EV charging facilities, with Shell planning to convert 1,000 of its gas stations. The speaker also mentions the Tesla Model Y's production and the advancements in Tesla's Full Self-Driving (FSD) technology, expressing excitement for the future of autonomous driving. The segment ends with a mention of global liquidity trends and their impact on risk assets.
🎉 Closing Remarks and Thanks
The speaker concludes the video with a summary of the key points discussed and expresses gratitude to the audience for their engagement. The speaker reiterates the importance of the information shared and encourages the audience to stay informed about the developments in the crypto and tech sectors. The speaker also thanks the mods in the chat and signs off with a positive note, promising to see the audience again soon.
Mindmap
Keywords
💡Bitcoin
💡Macro Chart
💡Token Unlocks
💡Clean Spark
💡MicroStrategy
💡Ethereum
💡Rollups
💡Stablecoins
💡Electric Vehicles (EVs)
💡Global Liquidity
Highlights
OCTA Tuesday covers a wide range of topics including Bitcoin news, onchain analysis, and macroeconomic updates.
The importance of Bitcoin is emphasized in the context of global economic trends and the need for decentralized finance.
Token unlock events and their potential impact on cryptocurrency prices are discussed, highlighting the challenges of tokenomics.
Genesis and Grayscale's settlement with the SEC for a $21 million penalty is mentioned, illustrating the regulatory landscape.
A macroeconomic chart is presented, showing the correlation between increasing debt levels and artificially low yields.
The impact of government job growth statistics on the perception of economic health is questioned.
The rapid growth of government jobs and healthcare jobs due to an aging population is highlighted.
The potential disruption of AI and automation in the job market is discussed, with a warning for the future.
Bitcoin's price performance and the influence of ETF investments on its market dynamics are analyzed.
Ethereum's transition to Proof of Stake and its implications for the network's fees and user activity are examined.
The comparison between Ethereum and its layer 2 solutions like Optimism and Arbitrum in terms of user activity.
The growth of the cryptocurrency market cap and user base over the last 22 weeks is highlighted.
Despite market volatility, Bitcoin continues to show positive monthly returns, demonstrating resilience.
The significant inflows into digital asset funds, despite price fluctuations, are noted, indicating strong investor interest.
Salana's remarkable growth in daily active users and fees, surpassing Bitcoin in the latter, is emphasized.
The debate between modular and monolithic blockchain architectures is discussed, with evidence supporting the latter's success.
The stock market's reaction to AI and technology advancements is analyzed, suggesting a lack of understanding by Wall Street.
MicroStrategy's aggressive Bitcoin investment strategy and its impact on the company's valuation are highlighted.
Clean Spark's expansion in Bitcoin mining operations and its move towards becoming a major player in the industry.
Tesla's advancements in electric vehicles and full self-driving technology are discussed, with a positive outlook for 2024.
The increasing adoption of electric vehicles and the shift in the automotive market is noted, with EV registrations rising.
Global liquidity trends and their influence on risk assets are analyzed, with a focus on the continuous increase in liquidity.
Transcripts
hey everybody thank you all for coming
Benjamin Krypto Clint Alexander T andd
Tesla K8 everybody thank you for being
here and helping out and everything else
so it's OCTA Tuesday lot of stuff to
cover
and we're going to look at a macro chart
it's the one chart in the world that'll
tell you everything that's going on and
why we need things like Bitcoin we'll
cover a little bit of bitcoin news a lot
of onchain news a lot of other macro
news we'll talk about clean spark Nvidia
Tesla as well later on and see how
things are going out there in the crazy
world so thank you all for coming and of
course this is never Financial advice
and a shout out to a brand new patreon
member we have sarup sth been following
you for a while just joined patreon
today thank you so much thank you so
much for coming it's a fun party now
let's start with the ugly news we'll
start with our token unlocks first and
this whole video is brought to you by
lots of
caffeine I love this and for those who
don't know the good the bad the ugly is
a movie from my childhood so uh I just
think it's a good way to frame up topics
now let's look at the big unlocks uh
this week our IMX 92 million ID 131
million yield Guild games money grab
12.56 million these things are just
horrific horrific tokenomics compendium
scores Etc
uh optimism 882
million what is it Prime 41.75 million
and suie 7 million so they are the big
unlocks and they normally have an impact
on price Linda thank you for coming also
this is kind of funny remember we
starting with the ugly news to get the
bad stuff out of the way first this was
hilarious Genesis which is part of the
whole Kur fuffle with grayscale and dcg
and all that stuff but they lost 900
million dollar of clients money in their
Gemini earn program and to make things
okay they will pay 21 21 million dollar
to settle the case of the
SEC this is how the SEC protect
investors so if you think for a second
the SEC is protecting you they're not
okay moving on shout out to sanj as well
for this chart I absolutely loved it
best picture I've seen all year little
bit nerdy but it explains EX exactly how
everything is contrived okay I know
people don't want to spend too much time
macro I promise I get through this in 60
seconds what this is is an amazing
Insight toss away those basic
macroeconomic textbooks the real Dynamic
flips the script okay so on this chart
with increasing debt levels you'll see
it comes the push to maintain
artificially low yields that is interest
on debt and this chart pairs the total
debt to GDP ratio Beyond just government
debt of the world's top economies on the
x axis with their 10year yields on the Y
AIS and it's pretty
scary so let's break this down the big
takeaway the more debt you have that
corelates with lower yields and this
approach is critical to Stave off
concerns over debt sustainability and
avert collapse of the debt Reliant
economies of the world and the financial
systems it's just unreal we saw that
with Japan after seven years that said
they're no no longer going to fight Yi
curve control and stuff like this
everything is a house of
cards and this shows you the correlation
the more debt an economy has even though
they may need higher interest rates they
have to keep them low or else a thing
goes up in flames and that's why the FED
tomorrow are caught in a box they know
the economy is way more fragile than
they make out and they got to be very
careful with how they proceed so we'll
see what happens but while the FED is
still thinking about what they're going
to do that puts a bit of a lid on the
market let's look at this as well and
this is just government job data from
California only which is the fifth
biggest economy on the planet so think
of this like a big country but the point
is how the Govern government job growth
they pretend that everything's great
we're adding lots of jobs so here they
said uh you know they added I think an
initial job postings 325,000 new jobs
but really what they do is they correct
it back later and say oh sorry it was
only 50,000 in their Ro part-time jobs
so that's kind
of all the stats and information you get
from the government tends to be
erroneous at best now for all the jobs
that are being created in the United
States today the only that's growing the
fastest growing block here is the green
on the right government jobs and the
second fastest growing piece which is
only slightly positive is healthc care
jobs because of the Aging
population That's All She Wrote and
remember Bots and AI are about to
hit this is going to get very ugly very
soon
unless something radical happens anywh
who that's enough for the ugly news for
today let's get into the bad news uh
first of all it was a rough week out
there the last seven days divided by
Bitcoin Avalanche through a green for
some reason salana should be green too
because it did beat Bitcoin but this
model isn't working so there is an error
behind the scenes the rest we'll assume
is right in terms of dollar ter
terms you can see here this will
corrected in US dollar for the week
Sal's down 9% but bitcoin's down down
10% that shows you in the previous chart
I should have been positive anyway I
don't know why it's like that uh this
comes from a separate Source now you can
see a lot of red again Avalanche green
etc etc a rough week and Bitcoin as I
speak is
$64,000 not $65,000 per the the chart
but there is that little bit of a dip
now the ETF volume is very high which
tells me black rock is going to buy a
lot of Bitcoin tonight but we'll see
we'll know tomorrow morning now let's go
back to bitcoin and look at the having
action and this is a very simple little
chart of what happens to the Bitcoin
price pre having and after the having
now the first having it just went
Bonkers second having it was kind of
mixed a little bit muted a little bit of
dip after the fact third having kind of
up all the way it doesn't really tell
you the whole picture but as I always
say and I've been saying for 15 16
months now this time is different the
ETF Investments are changing everything
and by the way the ETF Investments tend
to increase when price is increasing and
slow down sometimes when price is drop
but with the Bitcoin ETFs it doesn't
matter the money is coming in every
single day price up price down it
doesn't matter people are just
allocating to it and we we'll see what
happens but I think the next 30 days is
going to be super interesting for us in
this prehab run and then it's going to
become super super hard with only 450
Bitcoin issued to to day and that is
simply not enough to sustain the
appetite of just ETFs alone as a lot of
other people buying as well in addition
Bernstein have a $150,000 price Target
in Bitcoin next year actually this year
and then next year I think even higher
or was that a different group one group
said 150 this year and 250 next year but
I I can't remember which one's which
anymore there's just so many people
coming out with $150,000 projections I
can't keep them straight my head so
anyway now let's talk about ethereum we
are a week in to the post Denon the big
widely awaited release the biggest thing
since the move to proof a stake let's
see how things are going down in ethland
h ethereum casts whoa they've gone up
that's not good that's the blue line on
the chart here and down on the bottom
right you'll see the arbitrum cost a
buck
21 um but sometimes 250 in the new world
they've actually gone up since tenun
which is kind of unbelievable H and
optimism fees were Buck 79 now that can
be as high as a buck 50 they've come
down a little bit but again as we said
it is not changing the world is not
fixing the problems and that's kind of a
big issue there people are still holding
out for the EF to come and that will
certainly boost price but nothing like
the type of volumes that are going into
Bitcoin because Bitcoin a different
cataly F all together and I will be
spending some time again talking about
monolithic versus modular blockchains
and I'll tell you I have the answer as
to which one's the winner and you'll be
surprised now let's talk about eth
versus
rollups cool chart from glass node here
uh this is the daily active user
dominance so eth have about
444,000 daily active users a day or
about 67% of the users of the whole eth
chain optimism have about 99.8% of users
about 66,000 a day and arbit from
164,000 daily active users about 24% of
the action so it's interesting a lot of
stuff still happens on ethereum not
necessarily using the rollups for
obvious reasons as well so that was the
bad news now time for some good news
lots of good news uh first of all 30
days to go cover this as well only four
more OCTA it's like the number of sleeps
Before Christmas exciting let's look at
some stats of what's happened since
started monitoring this 22 weeks ago
Madness in four weeks actually wow I
just realized I started doing this 22
weeks ago which coincides exactly six
months before the having that's why I
started tracking this because I believed
in a preh having run we are now four
weeks away from the having tada this
will be fun to see what these stats do
and these stats have gone Bonkers as
well the crypto Mark G is up 2x in 22
weeks but check out the users they went
from 5.6 6 million to nearly 10 million
9.6 million 9.7 million that's a big
jump of over 4 million new people and
we're seeing a lot of that with
activities on
chain and tons of transactions 63
million transactions versus 40 million
22 weeks ago that's all goodness fear
and greed 79 last week was 81 so still
extreme greed and Bitcoin monthly
returns
despite people freaking out thinking oh
my God it's a blood bath out there no no
no no no no no no we're still up 6% for
the month all right 6% on any other
Assets in a year is a good return I know
we had a crazy 43.9% in
Feb flat 1% in Jan but remember we have
11 days left of this month so I expect
some fireworks as well we got that kind
of flush out of the way yesterday I
covered this morning the big gbtc flush
old season 51 bang in the middle really
crazy and as
usual it's like every single week the
A's are at the bottom of the pile XMR
xrp and injective is there down 11% I
still own injective I have them sold
holding it to the bull and then on the
other side you got your whiff and your
Pepe and your your R weave fetch AI
sheep Theta render SOI the graph Etc all
beating Bitcoin but bitcoin's in the
middle of the road
today not too bad uh Mara the story for
the last for this year is don't hold the
X's um let's look at money funds and yet
I I'm almost tired of telling about new
records it almost sounds like cliche at
this stage another new record for
digital asset fun
flows last week was a record this week
is another one beating the prior week's
all time at 2.7 billion this week we had
2.9 billion of course this me last week
after the fact the data comes out on
Monday yesterday but I share it on
Tuesdays so shout out to the team at
coin shares so putting this
together
despite despite weakness in the price I
told you the money's coming in it
doesn't matter the people that are
buying Bitcoin don't care about the
price they just want to get some okay
it's a nuclear arms ways to get your
hands on this stuff let's look at the
breakdown here last week we had a huge
week for salana and it was about 25
million they gave back to 2.7 million
this week uh you can see the short
Bitcoin big winner 26.1 million people
expected things to happen so a lot of
money went into the short Bitcoin fund
ethereum bled 13.9 million and there was
about three billion into Bitcoin massive
amounts of money what else we had um
smart contracts did suffer a little bit
last week as I mentioned ethereum salana
polygon seeing outflows of 14 2 million
and six million respectively and the
rest is kind of little bit of money into
polka dot and cordano which is
interesting how they run counter to the
rest now let's look at the compendium
the view of the top 75 over the last
week and the last month the last week
the top five winners were Jupiter whiff
Avalanche salana and cfx the losers were
optimism Lio Bonk bsv and floky and the
month winners are whiff Pepe floi fi and
sheep and the users were arbitrum Caspa
Lio and Celestia Tada we always said
people say why aren't you buying
Celestia I said because the compendium
score is terrible that's why anyway uh
let's look at crazy more records we had
record daily active users for all chains
but salana 2.4 million users yesterday
Bitcoin 576,000 ethereum 455,000
base from coinbase 228,000
we have another view of this data as
well on uh the SCP profiler and here
what's crazy about this is salana has
four times the daily active users of one
of the next biggest players uh Bas is a
layer two
855,000 as we pull this report Bitcoin
604 a little higher than the one on the
previous report ethereum 497 ZK sync 300
orbit from 200 up from 160 appt to 181
all chains are growing that is for
sure but there's one where everybody is
going to now not only everybody going to
the that particular chain but also we
had Rec another record how many records
is this so far three I think thank you
again for every coming and I see you all
there on the chat another record flow 72
million in seven days bridged to salana
it left chains like ethereum
arbitrum uh a little bit from base a
little bit from optimism Etc but again
the black hole is still sucking in
assets from other chains and that was a
record flow in this cross chain bridged
World which is fascinating because now
you can have money and funds in a chain
and it's easy to move them out in the
past it wasn't so easy now it is and
that shows you how fast things can move
now what else oh another record salana
surpasses Bitcoin fees over the last
seven days this is ever happened in
history and normally Bitcoin makes a ton
more fees but salana has been on fire
another view of salana fees is up and to
the right nearly 5 million in fees a day
and a lot of people for years for years
and years and years said Sonic can't
make it it's too cheap the fees are too
low they can never make any
money check now they make it up in
volume okay Marty party salana validator
fuse jumped to 4.6 million from 30
313,000 in Feb just in a month we're
going nearly 12x because of the insane
volume on salana validators are now
making more than Bitcoin validators
which is crazy to think and Bitcoin
validators are going to make a lot in
fees as well coming up and uh this is
kind of a crazy statistic and it shows
you what's happening in the whole meme
world too one token just one token on
salana surpasses the entire eth
blockchain in trading volume in 24 hours
2.4 billion was
traded 2.4 billion that's 100 million an
hour it's Madness on a thing called
slurf and this volume is bigger than all
of the ethereum blockchain's 24-hour Dex
volume again that's the black hole and
that's how adoption happens product
Market fit all the stuff you've heard
before it's happening
um what else stable coin a new record
stable coin
inflow saw inflow of $88 million in the
last 24 hours into the chain and stable
coins which is
Big nearly 100 million that'd be nice to
have in your pocket wouldn't it and
going back to the same age-old debate
that I've been asking the question for
years modular versus monolithic debate
rages on you have a lot of people
thinking it's better to have more
complexity a separate execution layer a
separate settlement layer a separate
consensus and availability and data
availability layer or you can do it all
in one
platform so here
monolithic
clearly clearly from all the data I just
showed you is smashing it and again
because I believe in Simplicity simplest
solution wins here we go I for years I
was asking people which one wins and
nobody gave me an answer but now we know
so congratulations for waiting for that
question to be all this time but if you
ask other people they think it's better
to have more
colors uh notice the black and
simplicity what the color here
Simplicity okay now uh all these slides
every video I make turns turn into a
podcast and an email for actually 10
cents a day because like the community
writes them and I also write a couple
too when I'm feeling frisky and I've got
extra hours to burn uh I throw a few in
there that are normally very spicy and
interesting now let's look at the stock
market the last seven days the market is
irrational Nvidia showed off Bots Galore
yesterday and a Jensen hang video you
know live conference concert type thing
for
NVIDIA and the stock is down 2.74% for
the
week so I am convinced and we can see a
little bit of green no big moves Google
had a good rebound week
after the backlash of everything they
did before but I'm now entirely
convinced Wall Street has no clue about
AI AGI Bots or what is coming in the
very near future they have no clue but
you do and that means you're
ahead the me meroy thank you so much for
coming is that cc is that's Czech
Republic interesting currency I need to
check that up later now let's look at
Bitcoin NASDAQ correlation you can see
here despite Bitcoin being down it's
still up
63.2% over the last 90 days and by the
way the last 90 days began in the middle
of December so uh a lot has happened
since then and the cues are only up 10%
so we actually like it when there's no
correlation we don't like it when there
is correlation as well Ango thank you
for coming and another crazy news I
covered it again this morning so I won't
dwell on it
now Michael sailor did it again he went
out he took his spoke to the markets the
capital markets say hey give me your
cash I'll give you 0.65% interest to
2031 and then I'll give you the option
to buy some shares in
2031 you want to give me your cash for
no interest but the option to buy my
stock in the future and they say hell
yeah we will and now micr strategy owns
from hle 15 more than 1% of all Bitcoin
that will ever exist again I covered
this morning but really I think it's
kind of crazy to think that the funding
to blow another $600 million in Bitcoin
along with 30 million of excess cash
that mic strategy had they don't hold
any cash they're spending it immediately
on bitcoin and the cost of micr
strategies total Bitcoin Investments now
is about 7 and a half
billion and the current Mark cap is
exceeding 13 and half billion okay
they're up nearly
50% on their Bitcoin Investments and we
are early so this guy is going to look
like a hero as I always say wear your
seat belt if you own micro strategy
because it's a volatile ride and I'm
currently hedged I did sell some coals
against my position uh I think it's a
$22,000 coals for 288 bucks going out
about 40 days so we'll see it was a good
time to hedge but ready to cover them
real soon too now clean Spork another
interesting company clean spark is
heading to 17 xash on April 17th and
they are excited to announce the
construction of their recent doton
acquisition and it's nearing completion
and this will turn on a bunch more hash
taking them to 17 making them one of the
biggest players running the most
advanced and efficient Bitcoin mining
fleets in the world remember it's a
simple game all
right you got
to scale your hash as quickly as
possible with the most modern rigs that
are the most effective and efficient as
possible with the lowest energy cost as
possible the minor that does those three
together in simple terms wins Winner
Takes most and I can't wait to see how
this thing performs I know it's already
melted faces since two bucks and now
it's like 16 or something 1640 if I'm
not
mistaken I think it's going to go a lot
further so crypto Katana thank you for
coming long time no see and a little bit
of Tesla news too some interesting stuff
Happening Here Tesla Model Y is by far
the best OKAY model y units produced in
2023 1.37 courtesy of Sawyer Merit next
biggest car around the planet Earth was
Toyota Rav 4
989,50 the model 3 is ramping the new
one model Highland which is basically
you get about 60 to $7,000 worth of car
for
35,000 ask anybody even Jay Leno
couldn't believe how they were selling
it so cheap with so much in it crazy and
FSD is coming everybody who's gotten it
from Michael Dell to who knows who uh
are blown away by the human level of how
this AI drives cars in a humanlike
way not code neural Nets and it's
mind-blowing and uh as so Meritt says
here shock says the next 12x FSD beta
releases should bring unprecedented
progress Elon says it too and you know a
shock is very conservative he doesn't
exactly beat the drums on things but uh
it's going to be be incredible we are so
close 2024 is the year I'm 99% sure that
it will be cooked this year then we go
Gang Busters it's going to be very
exciting to be on the train and despite
what you read in mainstream media yes
and I know the petrol heads out there
they cringe it's like no we hate
EVS by the way I went to get a coffee
this
morning a lady that this massive
huge truck Ford truck with a an exhaust
pipe right about this big on the back of
it she went into the store and spent 5
minutes there left the car running and
the whole parking lot was just polluted
just from that
truck uh I think it's anyway off my
little soap box but EV registrations
accounted for 7.8% of the car market in
January 2024 versus
7.1% in
2023 and remember rates are high economy
is very shaky and that is a big jump to
go from 7.8 from 7.1 so we'll see
another fliping that's also happening
too uh sorer is on fire today uh shell
is to unload 1,000 gas stations and
pivot to EV charging we are upgrading
our retail Network and expanding
electric vehicle charging and
convenience offers in response to
changing customer needs it's happening
it's like uh owning a gas station soon
will be like owning a car dealership
there'll be too many of them and not
enough people using them
so fun story I nearly bought a gas
station in Brazil in the mid90s long
story we'll get back to that another
time but but it was it was between Bell
ronci and sa Pao and it was just
a complete Money Maker but that was in
the mid 90s things are a little bit
different now anyhow let's look at
Global liquidity still going up this is
crazy we had a big 50 billion last week
another 50 billion this week it's going
up which means it's going to bring all
the risk assets up that's why we watch
it carefully so everybody thank you so
much hope you enjoyed those 50 little
quick nuggets uh hit the like on the way
out appreciate the mods in the chat
thank you TD Tesla and a shout out as
well to meroy and everybody here Margie
and everybody else I will love you and
leave you and I'll see you see you all
later see you all tomorrow
[Music]
bye-bye
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