💎 The Shocking Truth About Bitcoin's Price Today! 💰

Summary

In this Q&A session, the host discusses various financial topics, including Bitcoin debasement and its impact on prices, investment strategies for newborns, EV market trends, and potential market manipulation. He also addresses the growth of Solana versus Ethereum, the future of Bitcoin ETFs, and gives personal investment advice. The host emphasizes the importance of considering real value over nominal and staying adaptable in investment strategies.

Takeaways

• 🌐 The speaker is addressing an audience, likely in a Q&A format, and is discussing various topics including Bitcoin, investment strategies, and current events.
• 📊 A key topic discussed is the impact of currency debasement on Bitcoin's value, with an exploration of how to calculate Bitcoin's real price adjusted for inflation.
• 💡 The presenter shares a method to graph Bitcoin's growth in dollars while accounting for debasement, emphasizing the importance of considering real terms over nominal terms.
• 📈 The discussion includes an analysis of money supply (M2) and its correlation to Bitcoin's price, suggesting that an increase in M2 without a corresponding Bitcoin price increase can affect Bitcoin's real value.
• 🚀 The speaker highlights the potential for Bitcoin adoption to increase significantly, pointing out that the number of Bitcoin wallets has grown, indicating network value.
• 🔋 There's a debate on the future of electric vehicles (EVs), with the presenter arguing that EVs are set to surpass internal combustion engine vehicles in popularity and efficiency.
• 💸 The script mentions the concept of market manipulation in the context of Bitcoin prices and large buys, suggesting that retail investors are not yet participating heavily in the market.
• 👶 Advice is given on investing for a newborn, recommending starting early with long-term growth assets like Bitcoin and Tesla.
• 🏦 The presenter expresses skepticism about the identity of a large Bitcoin holder, referred to as 'Mr. 100', and discusses various theories about who it might be.
• 📉 There's a discussion about the potential impact of certain economic policies, like unrealized capital gains taxes, on the economy and investment strategies.
• 🚗 The speaker shares predictions for Tesla's upcoming events, including expectations for new vehicle models and autonomous driving technology.

Q & A

What is the main topic discussed in the script?

The main topic discussed in the script revolves around the concept of debasement and its impact on the value of Bitcoin, along with various other cryptocurrency-related questions.

What does the term 'debasement' refer to in the context of the script?

In the script, 'debasement' refers to the decrease in the value of money, often due to excessive money printing by central banks, leading to inflation.

How does the speaker suggest calculating Bitcoin's true price adjusted for debasement?

The speaker suggests calculating Bitcoin's true price by considering the increase in money supply (M2) and adjusting the nominal Bitcoin price to reflect the real value over time.

What is the significance of the 'M2 over Bitcoin' ratio mentioned in the script?

The 'M2 over Bitcoin' ratio signifies how much money supply (M2) is needed to purchase one Bitcoin. A declining ratio indicates that Bitcoin is gaining value relative to the money supply, suggesting debasement effects.

What is the 'cognitive biases' advice the speaker plans to discuss in a future video?

The speaker plans to discuss cognitive biases in a future video, advising viewers to ignore them and make decisions based on facts and data rather than emotional influences.

What is the speaker's perspective on electric vehicles (EVs) and their future?

The speaker believes that EVs are the future of transportation, stating that internal combustion engine vehicles (ICE) will be flipped in favor of EVs by 2026 or 2027 due to their superiority.

What is the 'meta's law' referred to in the script?

Meta's law mentioned in the script refers to the idea that the price of an asset should correspond to its adoption and usage in the market, implying that as adoption grows, so should the price.

What is the speaker's opinion on the current state of retail investment in Bitcoin?

The speaker suggests that retail investors are not currently active in the Bitcoin market, and that the current action is driven by institutional investors.

What advice does the speaker give for investing in Bitcoin for a newborn child?

The speaker advises investing early and consistently for a child, suggesting to buy Bitcoin and possibly Tesla shares, and to hold these assets for a long term, at least until 2028.

What is the significance of the 'Bitcoin wall' numbers mentioned in the script?

The number of Bitcoin wallets is used as an indicator of adoption. The speaker notes that despite an increase in the number of wallets, the price of Bitcoin has not risen proportionally, suggesting that the network value should be higher.

What is the 'Mr. 100' referred to in the script?

Mr. 100 is a pseudonym used in the script to refer to a mysterious entity or individual who holds a large amount of Bitcoin. The speaker discusses various theories about who Mr. 100 might be.

Outlines

00:00

🌟 Introduction to the Q&A Session

The speaker begins by greeting the audience and expressing gratitude for their participation in the Q&A session. Despite the time discrepancy due to the speaker's location, they emphasize that it's still Sunday in California. They introduce the agenda, which includes addressing the top questions from the week, with a focus on minimizing personal commentary and maximizing content. The speaker also humorously acknowledges technical difficulties with screen sharing and laptops before diving into the first question about debasement and its impact on Bitcoin's value.

05:04

📈 Debunking Debasement and Bitcoin Value

The speaker discusses the concept of debasement and its effects on currency value, using a desert island analogy to explain the relationship between money supply and the price of goods. They delve into the question of how to graph Bitcoin's growth in dollars while accounting for debasement. The speaker shares a meme to illustrate the impact of debasement on everyday purchases and then proceeds to a detailed analysis, showing that the real value of Bitcoin, when adjusted for debasement, is significantly higher than its nominal value. They use charts and data to demonstrate that the increased money supply, or M2, relative to Bitcoin's price, indicates growing value due to debasement.

10:07

🚗 Discussing EV Market and Adoption

Shifting gears, the speaker addresses the state of the electric vehicle (EV) market, noting a slowdown attributed to macroeconomic factors and industry-specific challenges. They predict that the internal combustion engine (ICE) will be surpassed by electric vehicles by 2026 or 2027, drawing parallels to Norway, China, and Denmark's progress. The speaker also touches on the media's portrayal of EVs, suggesting skepticism towards mainstream narratives and highlighting the success of companies like Tesla and BYD.

15:11

💸 Financial Advice and Investment Strategies

The speaker provides financial advice, focusing on long-term investment strategies suitable for a newborn child. They advocate for early investment in growth assets like Bitcoin and Tesla, suggesting the potential for significant returns over an 18-year horizon. The speaker also recommends staying adaptable and responsive to market changes, emphasizing the importance of not becoming too attached to a single asset.

20:20

🔄 Transitioning to Solana and Ethereum

The conversation turns to the comparison between Solana (SOL) and Ethereum (ETH), with the speaker noting Solana's superior performance in transactions and daily active users. They discuss the challenges institutions face in moving from ETH to SOL, despite SOL's advantages, and ponder the reasons behind Ethereum's continued popularity. The speaker also addresses the tokenomics and use cases for SOL, suggesting that it has significant potential for growth and adoption.

25:24

🚀 Bitcoin ETFs and Market Manipulation

The speaker explores the implications of Bitcoin ETFs on market manipulation, discussing the behavior of 'Mr. 100', a mysterious Bitcoin holder. They consider various theories about the identity of Mr. 100 and the impact of high-volume ETF transactions on Bitcoin's price. The speaker also shares their thoughts on the potential for retail investors to return to the market and the role of institutional investors in driving the Bitcoin market.

30:28

🌐 Global Economic Concerns and Predictions

The speaker expresses concerns about potential economic policies, such as unrealized capital gains taxes and price controls, which they believe could be detrimental to the economy. They predict that such policies could lead to a mass exodus of people and capital from countries enacting them. The speaker also shares predictions for Tesla's upcoming events and their expectations for innovation in the electric vehicle space.

35:31

📊 Analyzing Market Trends and Investments

The speaker analyzes various market trends and investments, discussing the performance of Bitcoin and Tesla stocks. They provide insights into the risks associated with MicroStrategy's debt and their strategy for holding Bitcoin. The speaker also addresses the potential impact of Bitcoin options on the market and their personal investment philosophy regarding optionable assets.

40:33

🏁 Wrapping Up the Session

In the final segment, the speaker wraps up the Q&A session by addressing a few last questions and thanking the audience for their participation. They express excitement for upcoming events and reiterate their gratitude to the viewers. The speaker also humorously comments on their own appearance and the potential for future sessions, signing off with well-wishes for the audience.

Keywords

💡Debasement

Debasement refers to the decline in value of a currency due to the increase in its supply. In the video, the concept is used to discuss the impact of money printing on the purchasing power of money. The host talks about how debasement affects the real value of Bitcoin, using it as an example to illustrate how an increase in money supply without a corresponding increase in Bitcoin's price can make Bitcoin appear to rise in value.

💡M2

M2 is a measure of the money supply that includes cash, savings, and time deposits. It is mentioned in the context of discussing how an increase in M2 affects the value of Bitcoin. The host uses M2 as a reference point to calculate the real price of Bitcoin by comparing the growth of M2 to the price of Bitcoin.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. Throughout the video, Bitcoin is a central theme, with discussions on its price, adoption, and its role as a store of value amidst currency debasement. The host analyzes Bitcoin's performance and its potential future value in real terms.

💡Inflation

Inflation is the rate at which the general price of goods and services is increasing, leading to a decrease in the purchasing power of money. The script discusses inflation in the context of currency debasement and its compounding effect over time. The host uses the term to explain the erosion of purchasing power and how it influences the price of Bitcoin.

💡Adoption

Adoption in the context of the video refers to the uptake and use of Bitcoin by a growing number of people. The host discusses the increase in Bitcoin wallets as a measure of adoption and how this growth in adoption should theoretically increase the network value of Bitcoin.

💡EV Sales

EV Sales refers to the sales of electric vehicles. The term is used in the script to discuss the future of transportation and the shift from internal combustion engine vehicles to electric ones. The host mentions a slowdown in EV sales due to various macroeconomic factors but also points out that EV adoption is still accelerating.

💡Market Manipulation

Market Manipulation is the act of artificially inflating or deflating the price of a security or otherwise influencing the behavior of the market. In the script, the host addresses the concept in relation to the price of Bitcoin and the potential influence of large institutional buyers on the market.

💡Cybertruck

Cybertruck is an electric pickup truck produced by Tesla. The term is used in the video to contrast the value and performance of electric vehicles with those of traditional internal combustion engine vehicles, like the Lamborghini Urus. The host uses Cybertruck as an example of the superior value proposition of EVs.

💡Investing for a Newborn

Investing for a newborn refers to the strategy of starting investment early in a child's life to take advantage of long-term growth. The host advises investing in long-term growth assets like Bitcoin and Tesla for a child, highlighting the power of compounding returns over an 18-year horizon.

💡Sui

Sui is a blockchain platform designed for scalability and efficiency in processing transactions. The term is used in the video when comparing it to Ethereum (ETH). The host discusses Sui's potential to capture a significant portion of Ethereum's market cap due to its superior performance and lower fees.

💡ETF

ETF stands for Exchange-Traded Fund, which is a type of investment fund and exchange-traded product. In the script, the host talks about the potential for a Bitcoin ETF and how it could impact the market. The discussion includes the possibility of institutional investors like Black Rock using ETFs to gain exposure to Bitcoin.

Highlights

Introduction to the Q&A session and the importance of sticking to a schedule.

Discussion on debasement and its impact on the economy.

Exploration of how to invest for a newborn baby and the strategy behind it.

Analysis of M2 divided by Bitcoin and the significance of this ratio.

Market manipulation theories and their effects on Bitcoin prices.

Comparison between Lamborghini and Cybertruck in terms of value and performance.

The impact of debasement on the real value of Bitcoin and how to calculate it.

The importance of considering real terms instead of nominal terms when investing.

Explanation of the lag between money printing and its impact on prices.

Discussion on the adoption of Bitcoin and its correlation with price.

Insights on the electric vehicle (EV) market and its future.

Thoughts on the potential slowdown of the EV industry and its implications.

Investment advice for a new parent and the benefits of starting early.

Comparison between Ethereum (ETH) and Solana (SOL) and their market dynamics.

Discussion on the potential of Solana to reach 50% of Ethereum's market cap.

The importance of not getting married to an asset and being ready to adapt.

Opinion on the impact of Bitcoin ETFs and their potential influence on the market.

Predictions for Tesla's 101 event and expectations from it.

Transcripts

hey everybody it's me I'm alive thank you all  for coming trying to stick to the usual schedule  

Sunday's Q&A day even though technically where  I am it's actually Monday but still it's Sunday  

in California so thank you all for coming let's  jump into this one this is uh again all the top  

questions from the week will be less of my face  it's like the Aussie Aussie man guy like this is  

my face he's very funny but anyway let's get into  the story a lot to cover and let me pop this up if  

I can not this no wrong screen H struggle to use  a laptop this day and age all right today we're  

going to talk about how debasement ravages super  interesting a lot a really cool question that came  

in and it's a question that I think about all the  time so super to have that we're going to talk  

about what how to invest for a newborn baby what's  the best thing to do uh we'll look at M2 divided  

by Bitcoin do travels thank you everybody for  being here so late at night but I guess we have a  

lot of people in Asia and India and Australia Etc  any we look at Sol versus sui Market manipulation  

theories and uh Lamborghini versus cybertruck  and so much more American beijinger thank you  

for coming I'm in your time zone and of course  this is not Financial advice I'm going to rip  

through this really quick because a lot of good  stuff and all the questions come from patreon  

so first question is from soulman and again this  is this is brilliant hi James very nice and very  

helpful mods thank you for shouting out to the  mods like American Beijing are here is there a  

way to graph out the growth of Bitcoin in dollars  minus the effect of debasement I'd like to see the  

net effect of adoption on bitcoin's price this is  a brilliant question and you know I I just want to  

take a second sometimes I say things and I  share data but people get upset I don't know  

why um I plan on doing a video in the future  about cognitive biases and how you should  

ignore them and how you should just stick to the  facts look at data and uh don't let anything else  

impact your decisions so this is the real scoop  on debasement this is a funny meme that somebody  

sent me yesterday I could afford groceries  four years ago and somebody doesn't believe it  

everything's everything's fine the same price DB  thank you for coming in Australia but I'm going  

to show you today mathematically how there is  a huge impact on debasement and also calculate  

the actual true price of Bitcoin today in real  terms not nominal terms you know people think go  

we need Bitcoin to hit 69k or 73k to get to a new  all-time high it's actually a very different story  

first of all and it's going to be I'm trying to  explain this as simply as possible as I can first  

of all and I also realized by the way there's a  large lag between money Printing and the impact  

on prices in grocery stores so for example if  if the FED prints a bunch of money or whatever  

or the treasury prints a bnch bunch of money H you  don't see the impact on prices until a year and a  

half later sometimes even longer um but here this  chart basically shows you if M2 Supply increases  

without a corresponding increase in bitcoin's  price the real value of Bitcoin may appear to  

rise since it takes more currency to buy the same  amount of Bitcoin so it's like if you have uh the  

simple way to think about that is if you have a  desert island and you have 10 apples and then a  

ship comes in and and you have $10 of currency on  the island you can basically say well each apple  

will go for a dollar that's simply how it works  but if somebody comes over and increases the money  

supply to $20 but there's only 10 apples the price  of an apple go to two bucks so that's the easy way  

to think about it now if you look at the M2 over  Bitcoin ratio this chart tracks how much M2 as  

a measure of money supply is needed to purchase  a Bitcoin and the declining ratio suggests that  

the Bitcoin is gaining value due to the relative  money supply indicating debasement effects and  

that's what we're going to break down here so I'm  glad you're asking this question first of all this  

is from true flation this is debasement over the  last three years since September 2021 okay it's  

now September 2024 and you can see let's call  it 26% for Simplicity and that's the compounded  

inflation rate like you might have inflation for  say 7% or 6 and a half% per year but it compounds  

and compounding is a miracle when you are on the  receiving end of it but not the other way around  

so that's the first piece of data I'm going to  look at second one is we've gone from 12 trillion  

of M2 money supply in the United States alone this  is just using US dollars to 21 trillion since 2016  

yeah that's a pretty let's call that nearly nearly  a doubling but what really kicked into high gear  

we've gone up 40% since c19 it's basically since  January 2020 so what I did was I took a whole  

bunch of these reference points because it's never  good to take just one point of data but take a  

few and I put together a simple table so I have on  the left here uh different time periods last three  

years we got 26% of debasement last eight years  57.14% of debasement and since January 2020 40%  

of debasement so you and I and I calculated the  average of each and then then brought it together  

to calculate the impact on the price of Bitcoin  and this is the magical slide here so if you  

assume the total debasement over the last three  years is 26% that means if the price of Bitcoin  

today is $64,000 which by the way it just pumped  to that was the number I assumed I was hoping we  

get to 64k we are at 64300 woohoo we're pumping  and I've got yes oh this is good news it's I this  

is going to sound really creepy but I think  when I'm here with you all most of the time  

the market goes up because of the Good Ju guu so I  appreciate you all but here let's look at the last  

three years if we assume 26% total debasement and  a bitcoin price is 64,000 that means the relative  

bitcoin price in real adjusted terms not nominal  nominal is dollars real adjusted is going back in  

time that would be $50,000 from three years ago  if we go to the last eight years it'd be $40,000  

and if we go since January 2020 it'll be $45,000  and the Staggering thing about that is we are very  

no matter which one you take we are very very far  from alltime highs people think oh we hit 74k or  

69k or whatever else no the real price is call it  45k as an a average of these that's the real price  

of Bitcoin given the amount of new dollars chasing  those apples on the island so I hope that's very  

clear for everybody and I hope that helps but  there's other countries around the world shout  

out to our Canadian friends us is a poop show  but Canada next level money printing too so  

um it's not just the us but other places too are  printing a lot of money and the final part of your  

question because this is also super interesting  and this is regarding meta's law you said how does  

Bitcoin adoption and price correspond so I use the  top and bottom indicator model here which has the  

amount of wallets and this is another example of  how lagging the Bitcoin price actually is in real  

terms so last time this chart hit an all-time high  of 69k we had 38 million Bitcoin wall wallets now  

we have 55 million Bitcoin wallets but the price  is only 64k so we have more wallets more adoption  

therefore the network value must be higher but  it's not and if you take that average calculation  

I did before right here Bitcoin prices about 45k  in real terms 45k but the amount of adoption is up  

over 50% so we have a long way to go ladies and  gentlemen if C law works if my calculations are  

right around real versus nominal we are far from  the true all-time high ladies and gentlemen and  

now it's a Bonafide asset class so I want to  thank you again and because my brain is still  

not perfect I don't remember uh soulman um thank  you brilliant question and this is the way we all  

need to think and yes if you think for a second  your blueberries are the same price as they were  

four years ago they're not not at all not by any  stretch thank you for the question soulman next  

question is from golf tragic hi James I'm hearing  that EV sales are down due to not entirely battery  

disposal issues are you able to shed some light  on this many thanks and hats off to the team and  

yourself thank you so much this is cool so  a couple of things that are going to happen  

and this is just reality and I I know I used to  be a petrol head my myself ride motorbikes work  

on cars I love stuff like that I didn't say I  used to when I was younger and I had time but  

ice will be flipped in 2026 on planet Earth that  means the majority of vehicles will be or maybe  

2027 but sometime uh and it's already happened in  Norway it's already happened in China it's already  

happening in Denmark different parts of the world  it's already happening ice will be flipped because  

electric cars are better cheaper faster sound  familiar that's what typically wins and uh this  

is a key chart as well that you will see more  and more of and you know the the traditional car  

companies that make internal combustion engines  are suffering hard right now now again I have to  

say one more time getting a little bit political  here mainstream media lies okay absolutely lies  

um and you just got to be careful what you believe  and what you hear all everybody's is going after  

Elon Musk no matter what industry it is Media  companies automakers Etc so just don't believe  

everything you read it's all garbage however  most battery electric vehicles are garbage this  

is also true but there are a couple of winning  companies Tesla byid Etc they make very good  

cars but there is an overall industry slowdown  driven by the macro which is terrible there's  

a recession in the Auto industry High interest  rates are merging them Etc but there's also trans  

happening and despite all this Bev adoption  is accelerating and the EV battery recycling  

industry is actually booming there's a couple  of players that are actually making making good  

money growing very fast so no uh don't worry about  it but the other thing that I do want to stress  

here is EVS are now cheaper and more comparable to  ice now I want to shout out to my brother-in-law  

uh this actual car is in the lobby of my hotel  and inspired the story and the other one is what  

I have and he said he prefers sports cars over  trucks and I said um well there's a little bit  

of a difference here and I just want to use  this as a simple example to make a point ice  

versus BV you got a Lamborghini Urus on the left  and a cybertruck on the right the Urus ranges up  

to $457,000 for the hybrid which is the stupidest  thing ever if you heard me say plug in H $47,375

6,000 wherever you are in Singapore it's even  more expensive you have and this dollar terms  

by the way not to 60 cyber truck 2.6 seconds the  Lamborghini eurus 3.1 to 3.5 seconds I don't know  

which one's which the hybrid is probably the  slower one but that is ridiculous and this car  

is 2200 kg or pounds lighter I don't know it's  no 1,000 kgr lighter it does have a higher top  

speed but it's slower so the question is  why would anybody buy a car like you might  

as well buy four cyber trucks and give one  to all your friends and family keep one for  

yourself and rather than buying a Lamborghini  and that's just an example of where we're going  

these companies that make these cars are going  to die and hybrids are a joke so don't believe  

media next question from Brian s uh interesting  to see you even get baffled by the non-movement  

of price when large buys occur the manipulation  is working apparently but for how much longer I  

don't think we will see retail numbers  we saw in the last three bull runs as  

they should have been here by now thoughts  a very very interesting uh question and it  

your question the reason I love doing Q&A every  single Sunday no matter what your questions make  

me think and it makes me come up with weird ideas  so I'm going to share one in a second but first  

of all retail is not here um and you can see here  retail has no cash in this chart as of March 2024  

basically the US retail investor has depleted all  their cash reserves they basically out of money  

and there has been you know as I I've been saying  the Bitcoin action is all institutional right now  

it's the big players it's the Michael Sailors  it's the ETFs the and they're they are the kind  

of players right now so yes retail has not arrived  yet and they normally come later in the Bull Run  

anyway it's the whales that do the action first  and the whales are definitely there the other  

thing to consider is my little conspiracy theory  time what if what if because the the way savings  

are measured for retail investors is to look  at people's bank accounts what if people aren't  

keeping cash anymore but they're buying Bitcoin  through ATMs or whatever else that's also a  

possibility um so maybe they're not saving in cash  or traditional means but they're pumping it D into  

Bitcoin but I doubt it I just don't see the data  for that right now um wow things are looking good  

out there in the market Bitcoin just went to $400  since I started Wooh 450 actually now the market  

game Market Maker games are being played you're  dead right there but you know they're doing things  

like buying Bitcoin simultaneously shorting the  carry trade stuff they're shorting the Futures  

to profit from Price drops they're setting price  floors uh binance does LW this gradually raising  

them to create the appearance of stability and a  lot of OTC is happening there's 400,000 Bitcoin on  

the C desks I think sailor just bought a bunch of  them um and others are going to buy them too but  

that is impacting the spot price significantly the  market makers are doing their thing as it were now  

that being said let's get back to Brass tax and  where we are today I had originally said in 2023  

that I expected the having Target was 42,000 we're  in the getting deeper into the posst having period  

and we're still kind of high at 65 645 646 now  as I speak so it's not catastrophically bad but  

again that translates to about 45,000 in old money  from the last Bull Run so we have a long way to go  

ladies and gentlemen but always think in real  terms not nominal terms think of the apples in  

the island as well so next I hope that helps as  well next question is from the Yorkshire men uh  

my partner and I recently had our first child uh  Team coffee love that in your non-financial advice  

what is your thesis when it comes to Investing For  Children and uh first of all congratulations the  

Yorkshire men on the birth of your first child uh  well it's it's funny I've noticed it's unlike in  

the US but in Asia there seems to be a lot of  pregnant women running around here anyway it's  

great to see and congratulations as Elon says  world needs more babies um now there's a couple  

of really good things working in your favor the  first one is starting early is a huge Advantage  

I always say getting early getting hard but when  you have h a child's life of say 18 years before  

they become an adult even investing a tiny amount  early a small regular contribution can grow to  

a massive amount over 18 plus years so you have  that huge ug Advantage so start now first of all  

uh focus on long-term growth assets Bitcoin Tesla  stuff like that um depending on your jurisdiction  

Yorkshire Manu could be in the United Kingdom  there could be tax advantage plans I'm not a tax  

adviser uh but check those out too maybe you can  get a tax write off and also I I remember in 2017  

my whole Spiel to my network is like if you have  a kid buy one Bitcoin if you got two kid kids buy  

two Bitcoins and of course nobody ever listened to  me uh and then they call me up seven eight years  

later why didn't I do that anyhow that's just  how it works but I know it's a lot right now  

to buy one Bitcoin per child but in 18 years it's  going to be a Sev digigit asset and uh that's one  

thing to really consider also um today you know  what I would do is just a couple of Tesla shares  

uh as much Bitcoin as you can get per kid um and  then just always always keep your tap dancing  

shoes on things can change and revise the strategy  as you need to but plan on holding these two  

things till at least 2028 uh and then the world  will be completely different the world is changing  

very fast right now as we speak so Yorkshire  man congratulations again hope this helps and  

uh starting early is massive very blessed um  Bitcoin is up 750 bucks since I started you  

guys are amazing and gals this from wolfin um hi  James recent eth price weakness has not resulted  

in a mass rotation into Saul as I would have  expected what are the barriers for institutions  

to leave eth and move to Saul also besides stable  coins what's the number one use case for Saul that  

will launch Mass adoption um good question now I  have done two very extensive videos with about 7  

nuggets on salana so I won't spend too much time  over the last two days I won't spend too much  

time on that at all but what what is this other  question that is more intriguing to me is why  

do people hold ethereum it's the same same flaw  in humans humans find it very easy to buy stuff  

but boy they have a hard time selling anything  and they always have a dream and they listen to  

targets I'm still seeing $20,000 eth Targets on  Twitter and stuff you know um the good things for  

eth why people hold it eth is established eth has  an ETF eth has supposed interest eth is supposed  

to be the institutional asset um all these things  kind of work in its favor but crypto is very  

tribal uh the eth Believers the eth Maxis like  the Bitcoin Maxis like all the other Maxis they're  

very very tribal very loyal and people listen to  them um and just in full disclosure here just so  

uh you can see my face as aie man says um humans  have a hard time selling and I am I I want to say  

this part just so I say it now I'm an alpha Maxi  right I don't care what it is if I can help people  

make money on it that's what I follow so that's  kind of where we are now let's compare um eth to  

Saul eth versus Saul I mean it already salana does  so much more it does 3,00% more transactions it  

has 1300% more daily active users the users do a  lot more on the Chain uh the fees are five million  

perent cheaper 5 million perc you can't make that  stuff up it's kind of uh crazy out there so the  

big question is as you say why not the rotation  because the way I look at it is this is from the  

SCP profiler you look at salana is about 22% of  the eth market cap but it does much more and even  

when you add up all the l2s as well it's still a  very small fraction and it does a lot more than  

all eth and the layer 2's combined so the time  will come and in fact I made a post yesterday  

on patreon I think I can't remember but I meant  to that I believe you know the relative from the  

saw upside model I very confident now that salana  has the potential of hitting 50% of eth market cap  

and that's a moving chart too from the sa upside  mod anybody can check it out online just Google s  

upside or go to trading View and there you'll  see uh where we'll go and if that does happen  

we're looking at least uh I think a $333 saw at  eth prices today at the 50% market cap East we're  

pretty much halfway there and we're going to go  a lot further by the way this also shows all the  

other top layer ones layer twos out there and uh  you know Tron cardano are pretty much the same and  

that's a mystery right there and and actually the  cardano is still a huge market cap because as I'm  

mentioned before humans have a hard time selling I  as I always say as well don't get married to your  

asset now I feel like I'm rambling a bit let's get  back to this the two biggest use cases uh for me I  

believe they are defi which is dex's decentralized  exchanges the news that came out over the  

last three days here in Singapore regarding Dex  capability mind-blowing uh stable coins basically  

turning dollars into digital dollars that are  frictionlessly transferable and then lending and  

borrowing um we'll talk more about that on DCA  tomorrow as well by the way and then payments  

sending and receiving money remittances that's  also a huge use case and that's you know things  

like payments coupons and stuff that people will  sniff out the ability to save money very quickly  

very quickly indeed uh and just watch for those  that's how we get to a billion users real fast if  

people can find a way to save a couple of dollars  they'll do it real fast all right next question  

uh from less ego more peace I love that name and  yes I'm all about peace by the way I do not like  

War so let's ego more peace we are aligned um  new here and loving it in patreon James I'm not  

yet sophisticated enough to follow all of your  trades I am 100% invested in Bitcoin Tesla and  

micro strategy am I making a mistake just to just  all for the next 10 years he talk about profit  

taking but I'm hesitant to time the market love  you man love you too um first of all never plan on  

holding anything that whole huddle thing is just  dangerous eliminate that from your mind uh a few  

things you need to consider always first of all  seasons change uh markets change we've got bull  

markets and bare markets and we are half more than  halfway through a bull market in my opinion right  

now also nothing goes straight up and sometimes  when things go to the Moon they choke out and they  

mean revert that's just how it works and rotation  is also key uh when you look at relative values  

of assets some things get overheated and that's  time to move out or hedge or sell or take some  

profit and put them into something that hasn't run  absolutely crazy also thesis change very important  

you could have a winning asset and then all of  a sudden like imagine Bitcoin is a brilliant  

asset and then all of a sudden there's a Bitcoin  killer out there H you got to be prepared for that  

you got to keep an eye on the market never ever  uh look away from things this kind of ties back  

a little bit to the first question about how to  invest for a newborn baby also narratives change  

you know we don't know what the next big narrative  is I'm in two right now which I believe are the  

two big ones and have been since 2022 they are  crypto and AI That's it uh but there could be a  

new narrative it could be um maybe a miracle drug  for cancer or something which could be massive or  

a lot of people are talking about the wovi um  weight loss stuff that could be a new narrative  

again things I don't see yet but anyway the world  also will be a very different place in the next 10  

years and even next year and then next 3 years so  always always always have your tap dancing shoes  

on hope that helps more peace shanz micro strategy  consistently purchases Bitcoin do you see a time  

where micro strategy will consider purchasing a  Bitcoin mining company uhuh excellent question  

and I always think about this too first of all by  the way and I'll I'll zoom out again um never have  

more than 5% in Bitcoin miners for the 100th  time they are so risky they always dilute you  

to death okay so just listen to me there people  that go 100% into minors and I like no what are  

you doing also the time to buy miners is in the  bare Market not halfway through the bull market  

unless of course they're really beaten down as  well like uh snagging some say clean spark at  

eight bucks the other day good idea that being  said H Never Say Never uh because who knows what  

could happen but if I was M Michael sailor and  we we think a little bit similarly um mining  

is a Cutthroat business miners are actually buying  Bitcoin now for example Marathon they are not just  

mining Bitcoin they're mining about 370 a month  if I'm not mistaken uh but they're also buying uh  

they're borrowing money to buy as well which shows  you even they're buying Bitcoin not just mining it  

and most miners struggle with profitability  the majority do they issue shares they issue  

debt and they've got to continually update their  infrastructure buy more rigs Etc pay more and more  

for electricity it's just a brutal business to  be in and it's a lot easier to borrow money at  

close to 0% and then buy Bitcoin at opportune  times then mine through Seasons that simple so  

would they ever buy one no I would be a mistake  if I was on the board of micro strategy I said  

never do that never in a million years and I know  Michael sailor is smart enough to know that too  

next question uh from Aaron uh first off thanks  for your tireless in-depth research on all things  

crypto taking your advice I'm always looking for  the next s killer well I'm going to correct you  

there first of all uh the next there hasn't been  one yet so my my research into finding the eth  

killer brought me to sa in early 2021 because I  wanted to protect my e bags which I don't have  

any any more because I found the replacement  the question is getting back to your question  

is there a AA killer so I just want to make sure  we got that vernacular correct uh I recently read  

an update on sui blockchain and their pilot fish  upgrade which promises to scale a higher TPS than  

Saul with fire dancer to me it seems like wishful  thinking but I want to be always paranoid with my  

positions brilliant ABP always be paranoid as  I say and a always be learning so you are on  

top of it and make sure you're on top of the  new tech are you still not interested in SOI  

because of tokenomics or is the next sub 1 second  finality they claim to have an pilot fish upgrade  

make it worth another look so very good I always  always have my eye on what's out there and I will  

be doing real soon hopefully in the next whenever  I can get some time in the next few days for sure  

I will be doing a detail salana versus soie face  off haven't done one of these in a while and while  

pilot fish shows promise it's still in development  and it's currently a proof of concept and uh it's  

kind of like linear scaling adding machines to  get to a very fast place in a short window of  

time um I think they call it scale out execution  we don't know if it works now I also say uh what's  

very important is a bird in the hand as we're two  in the bush right now fired Daner works it's up it  

they have not one but two different clients maybe  even a third that's available and these guys are  

hitting 1 million TPS already so the question is  uh where do we go from here and the other thing  

that's very very important is and I've said this  a few times before you could have the best chain  

in the world a kid could create a chain in their  basement and say from a Ai and it could be better  

cheaper faster than everything but if there's no  adoption it's a huge problem a lot of stuff needs  

to be built a lot of product Market fit deps uh  dpin stuff and that is not really there so back to  

your question um this is very important so salana  still has way more developers way more users way  

more transactions per user more stickiness of  the chain way more fees way more tvl way more  

tax volume and the question remains this is what  we have to look at and you've heard me say this  

for 3 years now what is the relative valuation  that's what I'll be looking at so if you have  

say oneth of all these things but you're 12th of  the price then you're very bloody attractive and  

that was my whole thesis I remember I remember  uh Charles hoskinson uh he mocked me on Twitter  

in 2021 it was hilarious it's like why why is  this guy mocking me I said my tweet was it's  

not mathematically logical for the market cap of  cardano to be x times that of salana that was just  

my my thesis because I value them based on all  these different factors like over 60 different  

factors and uh the same thing what I will do here  as well what is the relative valuation based on  

my crypto valuation methodology of sui versus  Saul if SOI is a relative value as I mentioned  

like I remember uh in the early days the value  of salana as a percentage of eth was a fraction  

of 1% and I'm like huh but they do 15% of what  eth does that doesn't make sense so that for  

me was an investment opportunity of course  it also the technology and things anyway uh  

that will be coming soon it is a bit of a heavy  lift but I promise to get it to you in the next  

couple of days okay so thank you for that next  question uh from jet one hey there everyone is  

it possible that Mr 100 is an institution like  Black Rock if yes can they sell their Bitcoin  

to ETF clients from their own bag hence the fact  that some days despite being high volume on ETF  

the price of Bitcoin doesn't move shout out oh  thanks for the shout out to T the puppy really  

appreciate the gesture and shout out to the team  I hope tjo is doing better H and our pleasure of  

course so quick update on Mr 100 and I know the  plot thiens and everybody's like Oh Mr 100 is  

just a cold wallet from up bit I know I know I  know but anyway there were many theories on this  

one of them was tether was Mr 100 now all of a  sudden tether is marked as wallet number nine  

and the bag size a week ago was identical the Mr  100 and tether had exactly 73,000 Bitcoin each and  

tether keeps on stacking then got 75,200 Bitcoin  Mr 173,880 so the question is is it tether I'm not  

sure now the other candidates for who Mr 100 is  and I'll get to why I don't think it's Black Rock  

in a second uh the five candidates so far Michael  Dell IGN wealth fund out of the Middle East tether  

scratch that maybe up bit exchange cold wallet  possible but unlikely considering the DCA action  

and some other Tech billionaire or huge series of  family offices or a conglomerate of Wall Street or  

I don't know we don't know it's it's it's super  interesting to watch their behavior but their  

behavior is they they were very rough at dcing at  the beginning and then they got really good and  

now they're doing some weird stuff so I don't know  and actually that being said let's see what the  

Bitcoin price is doing because yeah it uh fell a  little bit but that's okay so why I believe black  

rock would not risk playing this game all right  so first of all black rock is the biggest money  

runner on the planet they are the world's largest  and most reputable asset manager and they have a  

strong incent incentive to maintain integrity and  trustworthiness remember if you have no Integrity  

you cannot be trusted you are dead out there  dead very important you get one reputation in  

life second regulatory scrutiny uh these guys have  every lens accountant lawyer regulator looking up  

their butt okay so it's very difficult for them  to get away with stuff of course they probably  

play games on the side uh but they can't do that  also their long-term strategy is to win okay to  

get more assets if they lose their reputation  they lose their assets which is their business  

model so it doesn't fit with their long-term  strategy at all and then they make enough money  

from ETF fees from Market making and all that  type of stuff and you know I've been I've been  

the one calling out black rock for the longest  time about how they will go you know they will  

spend they'll take in a lot of money like billion  dollars in trading volume every day for a week or  

10 days and buy no Bitcoin or sell no Bitcoin so  they're definitely they're definitely playing the  

ARB definitely playing the market maker game but I  don't know what they're doing so anyway um that's  

the questions so far you got that pretty fast and  I want to share this real quick um and this week  

we helped uh we donated to the defense of animals  to help support mission to defend animals uh and  

the people that take care of them from abuses  and exploitation and of course DCA is tomorrow  

we I will be on um actually it'll be in about  10 hours I'll be back but we have a great agenda  

with Marty and Mando and I don't know if anybody  to help me now because the weird time zone and  

everything else but if anybody has a couple of  quick questions I just just hit me up here and  

let me know what you're thinking and a shout out  as well to American beijinger for being here with  

us as well um from Troy crypto let me try to blow  this up so I can read it what happens if the next  

election brings unrealized Capital 40 unrealized  capital gains uh and strict price rent controls  

will the economy collapse and survival become a  privilege in a broken system yeah and you know one  

of the things I I have opinions uh we people watch  my show because we are I don't want to use the  

word capitalists but we're kind of capitalists and  there's certain things that go against capitalism  

and they are unrealized capital gains taxes price  controls they just go fly in the face of logic and  

that is a big problem they've clearly said one  team has clearly said they have plans for some  

of this stuff if if unrealized capital gains were  to be approved stock market would be destroyed  

uh Venture Capital would be destroyed everything  would be destroyed people would flee the country  

they give up their passports and they go to Dubai  where they're just going like mad I was looking at  

some data yesterday um of all the people fleeing  place like the United States and the United king  

and they're moving to Singapore Switzerland Dubai  you know all these tax-free jurisdictions very  

very quickly uh so yeah I I think it would be I'm  hoping logic will prevail and that type of stuff  

can never happen that would just destroy destroy  the markets but after 2020 I've seen crazy things  

happen so nothing is beyond uh Tim Walsh says is  Peter Schiff Mr 100 no Peter shiff has no money  

that's why he sells gold for a living so can buy  emerging market stocks uh which has been a really  

bad trade over the last decade too by the way um  let me see aoll red thank you for coming you're  

in the B right I always thought you in the US  you're in the UK um General a abdell do you  

think eth will go up uh dramatically considering  that Saul might just eat its launch recycling the  

capital eth into Saul what are your thoughts so  a rising tide will float all boats eth will go up  

in fact I made a post last week again on patreon  I said selling eth at this level I think it was  

$2,200 would be a mistake and I don't even know  the price right now I don't even follow it that  

much but uh hang on a second where's eth eth is  2700 now so it went to 500 bucks it just it looked  

like a perfect bottom Hitting off is the 200 day  or I can't remember what what average it was the  

the chart the TA stuff I was looking at was just  a perfect bottom not to sell so uh everything will  

go up the question is what goes up faster and the  other thing I would like to mention here as well  

in investing there's always a shiny new toy in  the room don't chase it create a thesis get into  

winners and then stick with them but try not to  be distracted by The Shining you toy in the room  

and that's what some investors make mistakes and  they're always trying to it's good to be on the  

faster horse but not swap horses every few weeks  or few months unless you're tax fee jurisdiction  

and you're really good at it then you can get  away with it um Roy McDonald I thought that Mr  

100 was The brune Wealth brune wealth fund I've  heard Qatar I've heard um couple of other places  

you know the the the there's parts of the Middle  East that have a lot of oil money and they're  

looking to heavily diversify away from it too so  it wouldn't surprise me at all balled in the UK  

I could tell um let me see uh from Digi Bitcoin  I have a couple $240 Tesla options expiring in  

January 2025 should I roll them 240 yeah that's a  you we're running close so when you have so little  

time left unless there's a lot of volatility and  there has been quite a bit of volatility lately  

it depends on your cost basis if for example your  240s cost you 60 back in the day your break even  

is 300 can we get to 300 by January 2025 depends  how 1010 goes uh I would I don't the the Cliff  

of time value of options goes down like this  especially over the last 65 days 70 days you don't  

want to be holding that and we're getting close to  that window right now I would roll them while you  

still have time try to get a little bit deeper in  the money add a little bit of juice to it and try  

buy out till January 2026 not Financial advice  it's what I would do I sell short-term options  

I do not hold them or buy them um there's Angie  Torres I'm from California I usually see James 5  

in the morning nice to see you an evening update  thank you get some rest see you tomorrow morning  

yeah I might as well just stay here and wait for  DCA to start how about that much love to you too  

American beijinger um any 101 predictions uh  Anders macaw 1010 is October 10th that's the  

Cyber cab Tesla Robo taxi demo event I think it'll  be special I think Elon has a few tricks up a  

sleeve I think I do believe it'll be some type of  new fangled vehicle that will not have a steering  

wheel or pedals and it will drive autonomously and  pick up passengers I'm hoping that's the demo what  

this thing looks like it'll look pretty Space Age  I think it'll look something like the Cyber truck  

um if it's anything less than that it could be  a disappointment and it could be a sell to use  

event as well and remember 80% of the time these  things do end up being sell in USE events so watch  

for that uh Amy my back my back is the least of my  problems I had a stomach bug I had some pathogen  

from some piece of fruit or something here in  Asia and it wiped me out but I discovered a new  

weight loss plan too which is great um let me  see General abdell again are you more bullish  

on SOL since break point if so why what changed  first of all 70 massive product announcements  

launches multiple clients validators fire dancer  stuff that I did not expect to be brought forward  

so soon incredible limit orders in Jupiter per  limit orders um amazing so I'm super excited  

um eisenberger 1986 do you see any risks for  micr strategy in the future I asked because  

I can imagine that black rock wants to reach the  biggest bag of Bitcoin and doesn't want any of the  

big players how do you think about it well black  Rock's already bigger than micro strategy uh they  

eclipsed them about four or fiveth three three  months ago I think um second all the risk for  

micro strategy and by the way my biggest position  is micro strategy I got into trades in the bare  

Market that made one of them made about 19,000  per so I have very inflated size position still  

holding I still believe but I do not want them to  take on too much debt debt can be a killer and Too  

much exposure debt is a little bit dangerous now  I if they were buying debt and they were paying  

6 and a half% interest on it I'd lose my [ __ ]  I'd be very very worried because servicing that is  

crazy but they can actually service all their debt  because it's that a blended rate of about 0.84%  

they can service all of that at uh what they make  in their business so I'm not concerned but if it  

gets to a point where the debt servicing cost is  too high I will get very financially conservative  

and walk away uh Scott Robinson it's a bulletproof  golf card from what I hear yeah that's a good joke  

um micro strategy has been important oh yeah Gizmo  I bid options these are great questions I bit  

options are huge um James Van Stratton who is a a  legend on Twitter he made a post that he believed  

you know ibit options would be bad for Bitcoin  because every will just use paper Bitcoin yada  

yada but if you are an investor like me I do not  touch an asset unless it's optionable okay I don't  

feel comfortable with it you know and I I think it  was SAR or metap Planet uh when they announced a  

Bitcoin strategy I I made a like a trade alert on  patreon I said I can't buy this because there's no  

options uh but I would if I could and one of them  went up 500% in since April um but I don't invest  

in assets that aren't optionable so the point  and answer to the question is I bid options as  

I always said I actually expected them to get  SEC approval for options for Black Rock to get  

approval in April I was wrong they didn't get it  till September because whatever Larry fin wants  

from the SEC he gets again he's the biggest money  runner in the world second of all this will drive  

a ton of Bitcoin adoption there people like me  now now I can play with ibit I can buy ibit and  

protect my asset using options I think it's a huge  Tailwind uh other people like James F Stratton  

don't agree with me but uh you know if you run  big money you need options it'll be good and Don  

you make me happy too thank you for coming I'll do  one last question that I got to go um Larry thinks  

all ETF uh Gary gansler needs to go uh if we get a  regime change in the SEC we will immediately get a  

Sol ETF it's that simple but don't don't pin your  hopes to a Sol ETF we saw what happened with the  

eth ETF it's been you know $600 million bleedout  it's will not save your bacon as they say ladies  

and gentlemen and hey it's beardy and mbots and  wow I don't even know what time you guys all all  

the all the regulars are here oh my God Benny's up  and he's in Holland uh I I can't even tell anymore  

what time is exactly Sol does need an ETF I want  to thank everybody for coming love you all good  

to see everybody here and I'll see you all back  in hopefully if you can make it um it's going to  

be the usual 7 7:30 a.m. Pacific maybe 7:00 a.m.  Pacific that might be a slight time we got people  

in Portugal too um yeah thanks all have a good  night thank you as well too American beijinger  

it's going to be back on camera even though I  probably look awful good night everybody bye

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