🔮 OCTA: Halving Priced In? 📉or📈?
Summary
TLDRThe video discusses various topics including the impact of the Bitcoin halving on prices, the growth of the cryptocurrency market, the performance of different cryptocurrencies, and the role of developers in the success of a platform. It also touches on the increasing influence of digital currencies in the global financial system, the importance of ETFs in the Bitcoin market, and the potential future dominance of Bitcoiners in the digital space. The video emphasizes the importance of staying informed and making wise investment decisions in this rapidly evolving digital era.
Takeaways
- 🎉 Bitcoin's price may not be fully priced in, with significant events and developments still to come.
- 📈 The cryptocurrency market has seen substantial growth in users and transactions over the past 6 months, indicating a strong market trend.
- 💰 Despite large Bitcoin sell-offs, the price remains near all-time highs, showing resilience and continued interest in the cryptocurrency.
- 🚀 Upcoming Bitcoin ETFs are expected to bring in substantial investment, potentially impacting Bitcoin's price positively.
- 🌐 The Swiss National Bank argues against retail CBDCs, citing efficiency in current private banking systems.
- 🏦 Major US banks are profiting significantly from net interest income, contributing to the country's expanding debt.
- 📉 Housing market shrinkflation is leading to smaller homes being built as affordability continues to decline.
- 📊 Inflation metrics may not accurately reflect the real economic situation, with oil prices being a significant driver of inflation.
- 💹 Digital asset investment products have seen positive inflows, with Bitcoin and Ethereum leading the way in terms of investment.
- 🔄 Developer activity and repository growth are key indicators of a healthy and innovative cryptocurrency ecosystem.
- 🌐 Global liquidity is increasing, with China potentially playing a major role in fueling market liquidity.
Q & A
What is the main topic of discussion in the script?
-The main topic of discussion is whether Bitcoin has already priced in its future developments and the impact of various factors on its value, including onchain data, crypto developer activity, and macroeconomic trends.
What is the significance of the Bitcoin 'having' mentioned in the script?
-The term 'having' seems to refer to the Bitcoin halving event, which is significant because it reduces the rate at which new Bitcoins are created, potentially affecting the supply and demand dynamics of the cryptocurrency.
What does the speaker mean by 'top chains' in the context of developer activity?
-The 'top chains' refer to the most prominent and influential blockchain networks in the cryptocurrency space, which are important to monitor for developer activity as they can indicate innovation and growth potential within the industry.
What is the role of Central Bank Digital Currencies (CBDCs) as discussed in the script?
-The role of CBDCs is discussed in the context of a report from the Swiss National Bank, which suggests that there is no immediate need for a public CBDC due to the efficiency of current private sector payment methods. However, the introduction of a retail CBDC could potentially disrupt the traditional financial system.
How does the speaker view the current state of the housing market?
-The speaker views the current state of the housing market as experiencing 'shrinkflation,' where home sizes are getting smaller, and people are paying more for less. This is attributed to factors like rising prices and interest rates, which are affecting affordability.
What is the speaker's opinion on the performance of the biggest banks in the United States?
-The speaker criticizes the biggest banks in the United States for profiting significantly from net interest income, which they argue is at the expense of the government and individual depositors, contributing to the country's growing debt.
What does the speaker suggest about the future of the Tesla Supercharger Network?
-The speaker suggests that the Tesla Supercharger Network could become a hugely valuable business by 2030, with potential to generate substantial revenue from charging services, especially as the adoption of electric vehicles increases.
How does the speaker describe the impact of ETFs on the Bitcoin market?
-The speaker describes the impact of ETFs as transformative, noting that they have brought a significant amount of money into the Bitcoin space, contributing to an increase in Bitcoin's price and吸吸 the inflows of new investors.
What is the significance of the development activity in the blockchain space?
-Development activity in the blockchain space is significant as it indicates a robust and active developer community, which can suggest resilience, innovation, and growth potential for the platform. It's also a key indicator for investors to identify platforms with long-term potential.
What does the speaker mean when they talk about 'following the developers'?
-When the speaker says 'follow the developers,' they mean that tracking the activity and engagement of developers in a particular blockchain project can provide insights into the project's health, potential for innovation, and overall success in the market.
Outlines
🎉 Introduction and Bitcoin Market Analysis
The paragraph begins with a lively introduction to the video, setting a cheerful tone for the day's discussion. The main focus is on Bitcoin and its current market situation, addressing the common belief that Bitcoin's value has been fully priced in. The speaker intends to debunk this notion and promises an in-depth analysis, including a global tour of Bitcoin and other cryptocurrencies, onchain data, developer activity, and the impact of central bank digital currencies. The speaker also warns viewers about potential scams and emphasizes the importance of being cautious. The segment concludes with a discussion on upcoming significant events in the crypto space and a brief mention of a report from the Swiss National Bank on the potential destabilization of finance by retail CBDCs.
📉 Market Updates and Housing Market Insights
This paragraph delves into recent market updates, highlighting the significant number of imposters identified across various platforms, with a special mention of the speaker's authentic Twitter account. The speaker then transitions into discussing the housing market, noting the decrease in the average size of new homes due to affordability issues and rising rates. The conversation shifts to the Consumer Price Index (CPI), urging viewers to disregard the official numbers and focus on the real drivers of inflation, such as oil prices. The speaker also touches on the profits made by major U.S. banks, expressing concern over the implications of these profits on the country's debt and the banking sector's role in this scenario.
🚀 Positive Crypto Developments and Bitcoin Futures
The speaker shares positive developments in the crypto space, including growth in the number of users and transactions, as well as the increase in the total market capitalization. The discussion then moves to the performance of various cryptocurrencies relative to Bitcoin, with a focus on the past week's winners and losers. The speaker emphasizes the upcoming Bitcoin futures event and its potential impact on the market, referencing historical data to predict future performance. The paragraph concludes with an optimistic outlook on the potential for Bitcoin's value to reach new heights in the coming year, considering various factors such as supply, demand, and the role of ETFs.
💡 Developer Activity and ETF Impact on Crypto
This paragraph highlights the importance of tracking developer activity in the crypto space, as it can serve as an indicator of a platform's health and potential for growth. The speaker presents data on the number of repositories and sub-ecosystems for various blockchain platforms, noting the implications for community engagement, resilience, and innovation. The impact of ETFs on the market is also discussed, with a focus on how they have attracted new investors and increased spot volume. The speaker emphasizes the transformative effect of ETFs on the crypto landscape and the need for investors to be aware of these changes.
🌐 Crypto Payments and Market Correlations
The speaker discusses the role of crypto in payments, emphasizing the significant developments in this area and the emergence of certain blockchain platforms as leaders in this space. The paragraph also covers the correlation between Bitcoin and the NASDAQ, as well as the performance of various tech stocks. The speaker touches on the topic of Bitcoin miners, addressing concerns about the upcoming halving event and its potential impact on the mining industry. The discussion concludes with a look at the cloud services market, particularly the competition between Amazon, Microsoft, and Google, and the strategic investments being made in data centers to support AI and cloud computing.
🔋 Tesla's Future and Global Economic Trends
In the final paragraph, the speaker discusses the potential for Tesla to dominate the future of electric vehicle charging stations, drawing parallels with the current state of gas stations. The conversation shifts to the global economic landscape, with a focus on the increasing liquidity in the markets, driven in part by China. The speaker also mentions the digital power transition and the role of Bitcoiners in the future of cyberspace, advocating for less government interference and more individual empowerment through education and preparedness.
Mindmap
Keywords
💡Bitcoin
💡Halving
💡Onchain Data
💡Cryptocurrency Development Activity
💡ETFs
💡Stablecoins
💡Layer 2 Solutions
💡Cloud Services
💡Digital Power
💡Ethereum
💡Solana
Highlights
Discussion on whether Bitcoin has been fully priced in, with arguments suggesting it has not.
Emphasis on the importance of focusing on Bitcoin, onchain data, and crypto developer activity.
Updated report highlighting the current state of the cryptocurrency market and developer activity across top chains.
Discussion on the impact of central bank digital currencies (CBDCs) and the potential destabilization of traditional finance systems.
Warning about imposters and scams in the crypto space, emphasizing the need for vigilance.
Analysis of upcoming significant unlocks in the crypto market and their potential impact.
Critique of the major banks in the United States for profiting from government and consumer deposits.
Observation of the shrinking housing sizes due to affordability issues and the impact on the housing market.
Debunking of government-controlled CPI figures and the real drivers of inflation, such as oil prices.
Positive news on the growth of the crypto market, with user numbers doubling in six months.
Discussion on the inflows into digital asset investment products and the specific assets seeing the most investment.
Analysis of Bitcoin's historical price performance before and after the having, suggesting a positive outlook.
Predictions for Bitcoin's price based on historical patterns and current market conditions.
Explanation of how ETFs have changed the game for Bitcoin and the overall crypto market.
Insight into the correlation between Bitcoin and NASDAQ performance over the past 90 days.
Discussion on the importance of following developer activity and the impact on the success of a platform.
Analysis of the current state of blockchain payments and the dominance of certain platforms.
Update on the growth and development of layer two solutions and their impact on transaction volumes.
Predictions for the future of Tesla's Supercharger network and its potential as a major business.
Discussion on the competition in the cloud services market and the significant investments being made by major tech companies.
Final thoughts on the unstoppable nature of digitization and the shift towards digital power.
Transcripts
hello everybody to for day happy
birthday TN D Tesla thank you for all
you do in the community this is OCTA it
is Tuesday and we're going to talk
about is the Bitcoin having priced in
because a lot of people think it is I'll
show you it is not and let's jump in
we're going to take a big tour of the
world touch on a little bit of Bitcoin a
little bit of onchain little bit of
crypto developer activity by all the top
chains a very important thing that I
look at we got an updated report for you
all as well it shows you exactly where
the action is quick touch on
congestion the minor hash Wars who owns
all the gas stations how the world is
changing in this new digital era and so
much more thank you all for coming let's
go and of course none of this is ever
any investment advice
and but I'm going to start off by one
thing we have a little post here pale
blue dot says joined patreon recently
you've been a great help in me focusing
and tidying up my investments and
organize for the year ahead excellent
because less is more in investing if you
have a whole bunch of stuff as Warren
Buffett would say it means you don't
know what you're
doing be very targeted go for the
jugular as they say now we're going to
start with the the ugly news first of
all shout out to Benny Moria he has
identified
536 imposters of me across different
places Etc by the way my Twitter account
is pretty easy to find it's 200,000
followers with a little blue check mark
That's the only place I am and I will
never DM you okay if you ever get a
message from me it's not me I promise
you that cuz I don't have the time to DM
anybody
and Super Soul Man thank you for coming
so just remember be careful right there
the scammers are going for your bags
they're pretend to be me they're not
ever promise you that next big unlocks
we have some crazy big unlocks coming in
store for us over the next seven days
Ula that thing just dumps all the time
we
see Aptos is there again cyber is there
again Stark net is there again with big
dumps you can pause this and check out
yourself arbitrum and renders on the
list too I do o render but it's a tiny
0.2% unlock so it's not that big axi
Infinity another 7.8% unlock ape coin
that just unlocks all the time so you'd
want to be a bit of a and I love
Apes we don't ever want to ape into
apoin ladies and gentlemen that's the
unlock stuff and uh shout out to the
team in Switzerland they put together a
nice little piece about how Central Bank
digital currencies could destabilize
Finance this from the Swiss National
Bank Bank chairman says there's no there
is no need for a public cbdc due to
already efficient payment rails payment
methods banking in the private sector
Etc arguing that a retail Central Bank
digital currency could disrupt the
traditional Financial system I.E disrupt
Banks which is very interesting so shout
out to the Swiss banks and we know we'll
talk a bit at the very end of this video
about how everything is changing and how
governments are getting desperate so
stay tuned for that a little bit of cryp
cro macro stuff coming in now the bad
news got out of the ugly news pretty
quick this is kind of big profits you
make you think that should be in the
good news category but let me explain
why uh this is the amount of profits
that are made by some of the biggest
banks in the United States JP
Morgan by the way net interest
income the numbers are so big it's kind
of scary Bank of America City bank Wells
and the thing is and this is what people
don't understand these guys are
pocketing all the interest income that
they are getting from your
deposits and the government is paying
them that interest and they are not
paying that interest to
you it's unbelievable the government's
blowing up their deficits and these
banksters are the ones making all the
money congratulations to the big Banks
big profits bringing and exploding the
debt for the country as they lie in
their pockets and it's such
a a simple thing to see and View and
nobody complains about it it's like it's
just the normal way that the world is
and in my small brain I can't figure it
out now shrinkflation is also hitting
the housing market again this is bizarre
first of all housing affordability
continues to hit record lows as prices
rise along with rates but home builders
now their solution is simply to build
smaller homes with the average new home
about 2200 square ft that's down over
100 square ft uh in just one year and
250 square fet by the way the easy way
to think about square feet is like 2,200
fet is about 220 square m meters and
it's falling by 10 square met a year in
size and it's Fallen by 25 Square met
since 2016 250 square feet and the new
reality is people are paying more to get
less with all goods and services and now
that includes housing too but us houses
are pretty big anyway compared to some
European houses but at the same time
that's kind of Staggering now then we
have the CPI nonsense I won't spend much
time on this at all but all you need to
know is forget the numbers the
government can't count true inflation
has the real numbers the government
doesn't and the government also doesn't
control inflation 40% of inflation is
driven by the price of oil and oil is
now 85 bucks a gallon heading to 90
bucks or a barrel not a gallon barrel so
forget the CPI stuff but that rattles
markets now time for the good news as I
mentioned before 10 days to the having
Bonkers close only one more OCTA until
the having which is cool uh and some
crypto stats so far over the last 25
weeks cold that half a year 6 months you
can see the market app has more than
doubled in 6 months okay the users have
gone from 5.6 million users to nearly 10
million users across all the chains in
the past 24 hours which is awesome
remember one of the things we want to
get to is the path to 1 billion crypto
users in a month this is 10 million in a
day we're not far you know things can go
exponential real fast and things are
changing very fast too transactions from
40 million up to 70 million by the way
last week it was 80 million and last
week the total crypto Mark cap was 2.6
trillion now it's 2.69 so despite what
people might be feeling it actually was
a good week you may not notice it though
H let's look at money flow money also
flew into the space as well digital
asset investment products saw continued
positive sentiment uh pulling in about
646 Million last week and inflows to
date 14 billion dollar which is kind of
nice in terms of the specific assets
excuse my crude lines Bitcoin 663
million ethereum still bleeding down
22.5 million year-to year-to dat flows
are still positive for ethereum but for
such an asset it's been staggering how
bad it's been performing uh salana up 4
million Litecoin up 4.4 million and the
rest is kind of crumbs that isn't really
worth mentioning so that's the money
flow um fear and greed at 80 last week
it was 79 so extreme greed still Bitcoin
monthly
returns it's a bit sad so far but I did
promise you a good month of April and
you're going to get that but still so
far the month of April we are down 3%
but that will be fixed in very short
order remember 10 days to go and we're
going to talk about is the having prize
to in let's look at the last seven days
performance divided by Bitcoin ton the
big winner binance up xrp up as well
near protocol had a very good week the
rest of stuff eth down 5% Sal down 2%
cardano down about 2% Avalanche and
Aptos down
hard not sure why but anyway uh in terms
of dollars you can
see slight dip so Bitcoin down 3.7% for
the week uh eth 4.5% but taon up a huge
27% and and interestingly enough ton
actually pushed cardano out of the top
10 cryptos where it's been for the
longest time now cardano's number 11 and
it will continue in that trajectory
because of fundamentals that we look at
here not for any other reason but we'll
see if we're right now uh let's get on
to the Bitcoin having story 30 days
before and after having a cool little
chart from Koo and uh of course many
investors are concerned with short-term
performance and it's
still it boggles my mind literally the
price of Bitcoin was where it was two
days ago and people are losing their
minds as a really cool little meme on
Twitter it's like a picture of a cat
looking at a chart like this and there's
a tiny little tiny little Wick down
that's exactly what we have today but we
have to zoom out and look at the big
picture here all right so this is 30
days before the having and 30 days after
now 2016 did have a bit of a hiccup
after the having and it was down but
that was due to a macroeconomic sting
about 20 days after the having not
because of Bitcoin and we could get that
again but the point is after the having
Bitcoin does very well it also does very
well before the having we know over the
last 20 days we've seen new all-time
highs we've also seen some big dumpage
and the most amazing thing is massive
dumpage by grace
scale a ton nearly 5 billion dollar
worth of bitcoin dumped in the last 30
days and yet the Bitcoin price still is
very close to alltime highs that is
important to take in mind now zooming
into this it's a bit of a they should
have expanded this out a little bit but
they are the returns and the returns
will be positive 30 days after but
there's another window of time that's
also very interesting nine months after
the having why is that important not
only is a human gestation period but
it's where all the action typically
happens so if you go back to 2012 uh
with the exception of 2012 of course
that was crazy but remember Bitcoin went
from three bucks to like $100 or
something in a very short wind of time
2016 uh one year within one year added
300% within 9 months 85% last cycle one
year 5.42% but within nine months 430
per so the point is between now and
Christmas that's where probably the
majority of the Bitcoin price action
will happen
now we do know that because of the ETFs
and because of the ETFs that are coming
all over the world Australia Brazil
Vietnam Hong Kong representing China and
all the other places they are going to
suck in a lot of dollars and buy a lot
of Bitcoin it's going to be incredible
so we might have a great year after the
having as well so bear that in mind and
uh this never gets old it's another
rendition from of exactly what
happens now the current cycle little
purple ring there in the middle so you
can see it is where we are and the rest
are the historical charts of what
happens after the having and the answer
is Bitcoin goes up okay and that is if
the patterns hold but this time is
different because we have less Supply we
have diminishing liquid Supply we have
more money coming in we have an official
asset class and if if we take an average
of all of these going
forward Bitcoin could reach $450,000 a
year from now or
$270,000 if the cycle turns out to be
more like 2016 or if we applied the low
to high patterns in the table below we
could reach
350k and if we go completely crazy 1.8
million so I mean it's no matter what
way you skin it things are going to be
very exciting so stay healthy my friends
that's the advice now we have had this
sideways chop under the alltime high but
we're so close to the all-time high and
fireworks are coming soon per Bitcoin
magazine Pro not just me a lot of good
stuff happening and a lot of people are
saying stuff the comments are oh God I'm
so I'm so upset with grayscale and black
rock and all this type well first of all
gray scale yeah there was a lot of
shenanigans played for a long time but
they did bring a lot of money into the
Bitcoin space despite the fact that most
of them were speculators but black rock
and these ETFs have completely changed
the game if there were no ETFs approved
I guarantee you the Bitcoin price would
not be above 40,4 $42,000 we are $30,000
higher because of these ETFs and trust
me I analyze them every single day so
for those who say oh I don't like Black
Rock being in the space and everything
else it means well would you be happier
with the Bitcoin pric is $30,000
cheaper you got to you got to look at
this the money coming into the space is
actually good doesn't matter where it
comes from as long as they don't play
any funny games but what's crazy here is
Black Rock and Fidelity's to spotcoin
ETFs have set a record among the top
ETFs for the longest streak of
continuous inflows and they have also
outperformed 99.9% of all ETFs since
their Inception 59 days ago and their
success is attributed to the growing in
institutional interest in crypto and
Bitcoin inflation concerns the search
for Alpha the search for alternative
Investments
yada yada yada it is insane I think
Black Rock now has over 15 billion in it
and Fidelity has over 10 billion in it
these two are big okay again over 25
billion in two
ETFs when this article was written I
think was 59 days now it's 60 days
tomorrow will be 61 days we are going to
completely smoke $50 billion in inflows
this year which is way beyond my wild
streams when I started analyzing this
late last year I never thought 50
billion 50 billion was like my Super
Bowl
Target we're oh way over halfway there
in 60 days it's it's Bonkers anyway uh
let's talk about how these ETFs are
actually changing the game in terms of
some Unchained stuff from the team at
glass node here you see new investors
joining the market and in simple terms
for every investor who sells their coins
for profit there's another one buying
them often at a higher price and this
trend can be seen by looking at how much
the Bitcoin Market is owned by coins
that are less than 6 months old I think
they have 155 days as a key metric as
well for them and during the last two
big market upswings up to 95% of the
Bitcoin wealth was held by these new
investors because the Old Guard tend to
sell close to the top but since the
start of 2023 the number of new
investors has increased significantly
from 20% to 47%
and I think this is all attributable to
the ETFs so again the ETFs are changing
the game they are bringing a lot of
money in very very quickly and spot
volume is also rebounding as well uh
this wasn't the same case uh three or
four months ago and this is kind of like
the buy side versus sells side volume
and this is a tool that glass Note have
to identify spot cumulative volume Delta
cvd they call it this metric shows you
the net bias in the market take or buy
versus sell volume measured in USD and
again a ton of spot buying is happening
all this year all attributed to the ETFs
because retail was not on board up until
very recently looking at onchain data as
well okay Switching gears talk about old
coin we're at all season we're at 45
last week was 47 the performers over the
last 90 days Bitcoin is bang in the
middle 48.2% gain in 90 days not bad but
it's funny if you look at the bottom
performers you got Monero injective
optimism Lio arbitrum many of them
suffer from Bad token inflation which
keeps the price down that's why we look
at that very heavily here and on the
left side we have the mean coin
Revolution that's happening as well the
whiff and the Pepe doing very well but
at the same time other layer ones are
doing very well too Phantom is up there
and
uh Doge uh render near protocol binance
salana mint maker Unis swap Stacks have
all outperformed Bitcoin so it's been an
interesting time now I'm going to switch
gears I'm going to spend some time
talking about developers and development
activity because it's so critical I
always say follow the developers follow
the money follow the development
activity not in all cases does it result
in good performance because sometimes
developers be could be building the
wrong stuff but let's dig into this this
is one of our reports from our SCP
profiler big shout out to the
development team that keep this thing
alive and well plug in all the apis to
all the different systems to make it
real time and maintain those apis so it
is a large amount of effort but from a
development perspective here the number
of repositories and sub ecosystems
indicates a few things people always get
confused by this so first of all
community and developer engagement a
high number of repositories can suggest
a robust and active developer community
and the more developers the more
resilient the platform and the more
Innovative the ecosystem also growth
potential a significant number of sub
ecosystems indicates the growth
potential of a platform as it shows
active use and expansion then there's
another interesting thing too you got to
balance this stuff out maturity
establish platforms typically have more
repositories and sub ecosystem which can
indicate the level of maturity and
stability if you look at ethereum they
have a ton they have
125,000 repositories compare that to
cardano a fraction of that but ethereum
is a lot more complex a lot bigger a lot
more capable then you have Innovation
the emerging Technologies or new
improvements in blockchain space might
be reflected in an increase in the
number of repositories and Sub sub
ecosystem too an investment Focus too is
very important that's why I look at this
a lot for investors a vibrant ecosystem
can be a sign of a healthy platform with
great long-term potential now the top
three here you see is eth number one
number two salana and number three is
madic four is polka dot five is near
polka dot has been very confusing for me
for a long time because they have a ton
of developers a ton of activity but not
a lot of traction so the question is
what are they developing and why are
they not getting traction so just want
to share that with you all again it's
one of the main things you follow the
money you follow the users you follow
the developers and that helps you
identify winners early okay if you have
something with not a lot of development
activity be careful also be careful of
the reports you read because many
reports are created by bag holders who
are biased and they won't give you the
right information they'll say oh our
chain has the large larest number of
developers yeah no be careful what you
read be careful who you trust as well
now let's look at some Bitcoin NASDAQ
correlation Bitcoin over the last 90
days up 41.9 4% per this chart or should
I say since January 15 and the QQQ up
11.65% now breaking down another
interesting thing one of the top use
cases for crypto is payments and there's
been a radical development in the area
of payments for chains okay this is a
cool chart from a firm called Bernstein
and what they did looked at recently is
they looked at stable coin metrics and
the battle for blockchain payments which
I have always maintained it is the top
use case for crypto moving money fast
frictionlessly and salana is the red and
they are now the leading player for
blockchain payments and the big change
in the cycle has seen their dominant
share 43% the highest share of anybody
out there and that is a radical change
from where they came from just as
recently as September last year 2023
they weren't even the player it was all
um other players I can't make out those
colors I don't know which one's which um
Tron I think was big and ethereum was
big but it just shows you how fast this
whole Space can change crypto is very
fickle crypto is not loyal people will
go to the best cheapest fastest solution
all the time and somebody said yesterday
what do you talk about salana all the
time because people ask me to talk about
it and two because the consensus trade I
talk about stuff where money can be made
I don't talk about stuff where you can
lose money because that would not be
good for the audience I hope people
understand that next H speaking of
salana congestion despite the congestion
over the last week $40 million was
bridged two salana from other chains
mostly ethereum so yes there is
congestion but yes transactions are
still happening a lot of money is still
moving into the black hole and uh shout
out to base which is the proprietary
Layer Two from coinbase it's not a token
you can buy so don't buy a fake base out
there but a couple of things are
interesting about this from Jesse
Pollock is the tvl is now 4 billion
which is good it also ranks to be the
the third largest out there and they are
doing a ton of transactions 3 million
transactions in a day but remember
they're only running at 34 TPS whereas
Salon is running at 19900 TPS so despite
it doing very well and doing a lot of
transactions I think it's only
supporting 400,000 users but those users
are busy doing 3 million transactions
this thing is firing along at full speed
but 34 TPS is not not going to cut it
what's also interesting about bass it is
destroyed all the other layer twos madic
arbitrum optimism Etc and it came out
from obscurity and that's again crypto
is fickle make sure you're in the right
place at the right time because things
can change and do not hold things long
term because odds are the world will be
different tomorrow um okay now fixes per
mert friend of the channel who's been on
a couple of times uh a lot lot of
patches are coming in Salona 1.18 the
all the teams all the community all the
developers are working around the clock
to make sure this is released in 6 days
and the fixes will land and make it a
much more robust chain as well also if
you want to recap of all these videos
it's 10 cents a day on substack it's
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you get sometimes a lot of the stuff
that I write is always for free anyway
and the stuff that the community writers
put together you can at least read the
most important parts up front so it's
worth it even for free now stock market
over the last seven days you can see
here unusual all the big Tech names are
up and green but Nvidia was down 5% TSM
was up normally TSM and Nvidia go hand
inand uh great week so far for Tesla up
6% and it's up more in after hours right
now as we speak
despite very good production but not
very good delivery of vehicles in q1 we
know earnings will be rough but I expect
they may have a surprise up their sleeve
but remember markets are forward looking
and we'll talk about them in a little
bit as well meta up 3% Google 1% Apple
0.15% Microsoft 79% and I get a lot of
questions is Google worth buying right
now we'll answer that in a minute too
now speaking of miners everybody's
worried about Bitcoin miners what's
going on well hashw are going on this is
the aggressive minor hash growth across
some of the top players Marathon clean
spark Riot and Cipher and this is from
the powerful RV hope I pronounced that
correct but you can see here the public
Bitcoin miners uh especially marathon
and clean spark are
aggressively expanding their hash clean
Spork has gone from 6 xash to 164
actually per my numbers they're 17
already and Marathon have gone from
115.5 to
27.8 what's also very interesting too as
well You could argue that Marathon have
nearly twice the hash that clean spark
do but they mint almost the same amount
of Bitcoin and everybody ask me why is
that and the answer is because on
average clean spark has more modern Rigs
and if you have older rigs they're not
as able to churn out as much Bitcoin so
that's the simple way to think about it
but what's interesting as well about
this is everybody's worried about the
having block rewards will go from 900
Bitcoin a day down to 450 and that's
going to put on M pressure on Miners And
everybody's very
fearful of what will happen to the
miners after the having and rightly so
the miners that are inefficient and not
prepared and not growing their hash like
crazy with the latest and greatest rigs
with a very cheap cost of energy and
very low
sgna are not going to make it probably
those that can will take most and that's
just the way of the world excuse me so
be in the winners being in the leanest
and meanest miners that are out there
um also this is super
interesting people say people say oh my
God T Tesla bought a ton of h100s are
they getting into Bitcoin mining no no
no no no no they use this for compute
for their robots and wheels called cars
and Optimus and grock Ai and everything
else but literally 16 or six months ago
um I think Tesla had less than a fifth
of the h100s that meta Facebook has now
in terms of the private Cloud Tesla
already have more h100s than meta okay
because the public cloud is the orange
but the private cloud is what matters
and remember uh recently I mentioned
about two weeks ago Elon Musk came out
and said we're no longer comp compute
constrained that's why they bought a
truckload of these things and one of
elon's companies called xai believes
it'll be better than chat GPT 4 coming
in about six or eight weeks as well so
again just like Bitcoin mining AI is
also a compute race the more compute you
have the better off you will be as long
as you got something to compute on like
a real world AGI problem which Tesla has
as well and speaking of Tesla 2 who owns
the gas stations of the future it was
interesting to see Bloomberg coming out
with a very complimentary article and
what's hilarious about this is if you
know him very well that's Jim Farley the
CEO of Ford imagine being the CEO of
Ford driving your electric Ford Mustang
and having to go up to a Tesla charger I
mean it be
like it be like you making food but
having to eat somebody else's food or
you owning your own bar but having to go
buy drinks at somebody else's bar it
just again in my simple mind it just
seems wrong but this is what's happening
so the question is who will own all the
gas stations in the future and the
answer is no can touch the Tesla
Supercharger Network and the brand and
the feeling that you'd have in another
car having to put your hand on a Tesla
product watch a whole bunch of other
Teslas around you it's going to be
awkward but that's the domination that's
one of the that's the 12 line I don't
even include charging as one of the
lines but the 11 are the main business
lines but Bloomberg came out and said it
could be a huge business by
2030 they now have 57,000 super charges
globally they'll be growing that to we
don't know maybe 180,000 by 2030
probably more because they are adding
thousands every single week sometimes
very many a day and if you calculate the
actual money of charging Revenue at say
40 cents per kilowatt hour uh assuming
that each charger delivered 200 kilowatt
hours a day I think they do a lot more
than that by the way um they estimate
they could easily get you know $2
billion worth of charging Revenue
uh last year and with the revenue profit
margin on that it could be a very
substantial business so shout out to
Bloomberg
for sharing some
truth I guess it happens who knows now
Google Amazon
Microsoft this is a key area this is all
cloud services which is a huge chunk of
the Amazon and Microsoft business and
was supposed to be a huge chunk of the
Google business but you can see the
heavyweight is still Amazon AWS
Microsoft very close to being number two
and Google is not growing their market
share and gcp which is the Google Cloud
platform they had plans for that uh and
it's not taking off so the question is
you know Google Still Remains YouTube
search Etc and this part of the business
has not done well and Google have been
historically very poor in what I call
the enterprise side of the house
but the interesting news about this is
not only are Microsoft the biggest
company in the world today but they are
going to invest 3 billion do in data
centers in Japan next year and that's
the biggest investment in the country
and uh why are they doing that well they
also want to have local centers to drive
artificial intelligence compute same
thing that Tesla xai XI is doing in
London they're setting up a AI Center in
London too so again all those machines
need to be kind of close for the type of
service required or else you lose I
can't remember what it is is like a
millisecond every X number of miles so
if you got to go from say Europe to us
to get your computer it's just too slow
anyhow Global liquidity is perking up a
little bit it's like $20 billion not a
lot probably fueled by China but
remember liquidity is hitting the
markets you just don't see it because of
the Cano effect the money is going to
the banks Etc like we showed earlier not
into your pocket just yet but a lot of
money will be printed by China they've
said that going forward and finally a
little topic that I thought was very
interesting this week that I thought it
would be worthwhile just spending 60
seconds on KPM knowledge every minute
Preston
burn he wrote this is very funny and
it's exactly what went down Brazil says
to Elon censor these dudes on X Elon
says LOL no Brazil says fine we will
censor our internet so no one can access
your service and Elon says I has more
satellites than you censor this and what
tour deer said was we are witnessing a
transition from Geographic power to
digital power a decade in a decade or
two bitcoiners will rule the cyberspace
waves and widely employ censorship
thwarting strategies to project power in
the world and of course we know people
that have been talking about this for a
long time like Jason Lowry and others
and my comment was on this I we tweeted
this and said the world sprinting
towards digitization and it's
Unstoppable and governments can do
nothing about it so remember education
for all have your own Bitcoin have your
go bag it's time for Less government
interference and increased Liberty and
more truth and with that everybody
thanks for coming hit the like thank you
for being here thank you so much as well
we just saw I'm your huckleberry and
super soulman for coming wish everybody
a good Tuesday hope that wasn't too long
today a lot of news to cover and we got
done 30 minutes awesome and uh I hope
you leave here with a armed with a
little bit more intelligence but the
future's bright but make sure you blaze
your own trail thanks everybody have a
good
night
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