📰 Don't Miss Out! Weekly News Roundup! 🌟

Summary

The video discusses the recent trends in the cryptocurrency market, highlighting the significant growth of Solana and Avalanche. It also touches on the stability of Bitcoin despite market fluctuations and the impact of retail investors moving from Bitcoin to old coins. The script emphasizes the importance of layer one and layer two technologies, decentralized exchanges, and the rapid development in the crypto space. It also mentions the success of SpaceX's Starship and the increasing US debt, warning about the potential economic consequences.

Takeaways

• 📈 The market has seen significant growth with Solana and Avalanche being the standout performers, both nearly 25% up for the week.
• 💡 Bitcoin experienced a 1% decrease but is still largely where it was a week ago, highlighting the short-term mindset of the market.
• 💰 The spot ETF flows show that US growth stocks and Bitcoin are the story of the year so far, with gold ETFs performing poorly despite gold prices reaching all-time highs.
• 📊 The new chart expansion to the top 75 digital assets demonstrates the performance of the top assets over the last 7 and 30 days, with meme coins and AI coins showing notable activity.
• 🚀 Solana's four-year anniversary was marked by record-breaking transactions and a strong developer ecosystem, positioning it well for future growth.
• 🌐 The fundamentals of layer one and layer two blockchains show significant activity with Solana and Avalanche leading in various metrics.
• 🔄 The rotation of retail investors from Bitcoin to altcoins is suspected to be due to the anticipation of the upcoming alt season.
• 🌐 The growth in TVL and DEX volumes indicates a healthy and active crypto market, with Solana's DEX volume hitting an all-time high.
• 🚀 Jupiter, a patient investment, has shown significant returns, breaking 1.7 billion in market cap and demonstrating the importance of waiting for the right investment时机.
• 🌐 The macroeconomic situation with Tesla and the US debt growth highlights the potential risks and opportunities in the market, urging investors to stay informed and prepared.

Q & A

What were some of the significant events in the cryptocurrency market during the week mentioned in the transcript?

The week saw notable events such as new records being smashed, Bitcoin being relatively stable, and standout performances from Solana and Avalanche, both of which were up nearly 25% for the week compared to Bitcoin.

What was the impact of the Dankong upgrade on Ethereum?

The Dankong upgrade led to a significant drop in Ethereum's value, as the news did not have the anticipated positive impact on the market.

How did Bitcoin perform compared to the last week mentioned in the transcript?

Bitcoin was down only 1% compared to the previous week, essentially remaining in the same position despite market fluctuations and investor reactions.

What is the significance of the new chart that was expanded to the top 75 digital assets?

The new chart provides a visual representation of the top 75 digital assets over the last seven days and 30 days, highlighting the performance trends and significant changes in the market.

What are some of the key metrics used to evaluate the performance of layer one and layer two blockchains?

Key metrics include TVL (Total Value Locked), stablecoin volume, developer commits, weekly active developers, daily active users, and daily transaction growth.

What is the significance of Solana's fourth anniversary mentioned in the transcript?

Solana's fourth anniversary is significant as it marks the growth and development of the blockchain, with notable achievements such as 276 billion transactions, 1,600 validators, and 254 million blocks.

How did Solana perform in terms of stablecoin volume transfer compared to other blockchains?

Solana had a stablecoin volume transfer of 25.35 billion, surpassing Ethereum's 24.71 billion, indicating its growing dominance in the stablecoin market.

What was the notable event for Jupiter that was discussed in the transcript?

Jupiter broke 1.7 billion in market cap, and its trading volume surpassed half a billion dollars, indicating significant growth and interest in the project.

What was the outcome of the legal case involving Craig Wright and his claim to be Satoshi Nakamoto?

Craig Wright was proven in court in the United Kingdom not to be the author of the Bitcoin white paper, nor the creator of Bitcoin, thus debunking his claim to be Satoshi Nakamoto.

What is the concern raised about the accelerating growth of US Government debt?

The concern is that the US Government debt is growing at an alarming rate, with trillion-dollar increases happening every 90 to 100 days, indicating a potential economic crisis and unsustainable fiscal policy.

What was the main point made about the impact of taxing the rich more heavily?

The main point is that when the rich are taxed more heavily, they may choose to leave and move to tax-free domiciles, which could result in less tax revenue for the government as they employ creative ways to avoid taxes.

Outlines

00:00

📈 Market Updates and Record Smashing

The paragraph discusses the week's market activities, highlighting the significant growth of Solana and Avalanche, both up nearly 25%, contrasting with Bitcoin's stability. It mentions the news of the week, including the Dankun upgrade and its non-impact on world hunger. The speaker emphasizes that despite Bitcoin appearing to be down, it's only down by 1% compared to the previous week. The paragraph also touches on the importance of ETF flows and the performance of various asset classes, with a focus on Bitcoin and US growth stocks. The speaker introduces a new chart featuring the top 75 digital assets over the last 7 and 30 days, noting the rise of meme coins and AI-related coins.

05:00

🚀 Sallana and Avalanche: Crypto Leaders

This paragraph focuses on the impressive performance of Solana and Avalanche in terms of developer commits, weekly active developers, and daily transaction growth. The speaker praises Solana for its record-breaking transactions,低廉的交易费用, and strong developer ecosystem. It also mentions the upcoming Fire Dancer project, which could potentially outperform competitors if successful. The paragraph further discusses the growth of stablecoin volumes on Solana and its DEX volume, emphasizing the network's scalability and accessibility. The speaker also addresses the community's role in Solana's success and the humility of its team.

10:01

🌐 Diverse Cryptocurrency Highlights

The speaker shares insights on various cryptocurrencies, including the success of Jupiter, which reached a market cap of 1.7 billion. The paragraph also covers the growth of NFT collections and the market cap surpassing $2.6 billion. It highlights the shift in focus from old to new projects, such as the flipping of Madic by Jupiter. The speaker commends Ryan sha Adams for his supportive stance on Solana's market cap all-time high and discusses the macroeconomic situation, including Tesla's market performance and the impact of FUD (fear, uncertainty, and doubt) on its stock price.

15:02

🚀 SpaceX Success and Economic Concerns

This paragraph discusses SpaceX's successful launch and the media's contrasting portrayal of the event. The speaker criticizes Reuters for its negative coverage and contrasts it with the positive reception in other outlets. The paragraph also highlights the rapid advancement of FSD 12.3, an AI-driven system, and its impressive capabilities in complex driving situations. The speaker expresses concern over the accelerating US national debt, which is increasing by a trillion dollars every 90 to 100 days, and warns of the potential economic consequences. The paragraph concludes with a discussion on the potential tax changes and their impact on the wealthy, suggesting that increased taxes may lead to tax evasion or relocation to tax-free domiciles.

20:02

💸 Inflation and Debt: Economic Implications

The speaker addresses the issue of inflation and the common misconceptions about its causes and control. It emphasizes that inflation is not solely controlled by the Federal Reserve and is influenced by various factors such as production costs and supply chain disruptions. The paragraph also discusses the acceleration of debt growth, with the US debt increasing by a trillion dollars every few months. The speaker warns of the unsustainable nature of this growth and its potential impact on the economy. Additionally, the paragraph touches on the tax system, noting that the top 1% and top half of taxpayers contribute significantly to tax revenue, and suggests that increasing taxes on the wealthy may lead to reduced revenue due to tax avoidance strategies.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, the speaker mentions that despite the market fluctuations and the rise of other cryptocurrencies, Bitcoin remains a significant player in the market, with retail investors sometimes moving their assets from Bitcoin to other 'old coins' in anticipation of market changes. The speaker also touches on the topic of Bitcoin ETFs and their impact on the cryptocurrency's performance.

💡Salana

Salana (SOL) is a high-performance cryptocurrency that uses a novel proof-of-stake consensus mechanism called Proof of History. It is known for its scalability, low transaction fees, and speed. In the video, the speaker highlights the significant growth of Salana, noting its rise in market cap and its strong performance in terms of transaction volume and developer activity. The speaker also emphasizes the potential of Salana due to its robust ecosystem and the upcoming launch of Fire dancer, which could further enhance its competitive edge in the market.

💡Avalanche

Avalanche is a blockchain platform designed for creating decentralized applications and custom blockchain networks. It is known for its high throughput, low latency, and ability to support multiple virtual machines. In the video, the speaker discusses Avalanche's strong performance, particularly in terms of daily active users and daily transaction growth, positioning it as a standout in the market. The speaker sees Avalanche as a significant player in the layer one and layer two space, contributing to the overall growth and innovation in the crypto ecosystem.

💡Fear and Greed Index

The Fear and Greed Index is a measure that gauges market sentiment in the cryptocurrency space, with readings indicating levels of fear or greed among investors. High readings suggest a euphoric market state, while low readings indicate a fearful market state. In the video, the speaker mentions covering the Fear and Greed Index in an earlier video, suggesting that it is a relevant metric for understanding investor sentiment and market dynamics.

💡ETF Flows

ETF Flows refer to the movement of money into or out of exchange-traded funds (ETFs). These flows can provide insight into investor behavior and market trends. In the context of the video, the speaker discusses the ETF flows for spot ETFs, highlighting the significant interest in US growth stocks and Bitcoin, and the notable performance of gold ETFs despite the gold price reaching all-time highs.

💡Layer One and Layer Two

In blockchain technology, 'Layer One' typically refers to the base protocol or main blockchain network itself, such as Bitcoin or Ethereum. 'Layer Two' refers to additional protocols or technologies built on top of the base blockchain to enhance its functionality, such as the Lightning Network for Bitcoin or Optimism for Ethereum. In the video, the speaker expresses a focus on Layer One and Layer Two technologies, indicating an interest in the foundational and enhancement layers of blockchain technology that drive the ecosystem's growth and innovation.

💡TVL (Total Value Locked)

Total Value Locked (TVL) is a metric used in the decentralized finance (DeFi) space to measure the total amount of cryptocurrency assets that are locked in smart contracts on a DeFi platform. It indicates the size and liquidity of the platform and is often used as a proxy for the platform's popularity and trustworthiness. In the video, the speaker mentions TVL in the context of evaluating the performance and attractiveness of different blockchain platforms, such as Salana and Avalanche.

💡Meme Coins

Meme coins are cryptocurrencies that gain popularity primarily due to social media hype and virality rather than utility or underlying technological innovation. They often feature a meme or joke as part of their branding. In the video, the speaker discusses the performance of meme coins, indicating that they have been a significant part of the market's activity, with some experiencing notable growth or attention over the past 30 days.

💡NFT (Non-Fungible Tokens)

Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership of a specific item or piece of content, such as art, music, or collectibles. Each NFT is indivisible and cannot be exchanged on a one-to-one basis with another NFT, unlike cryptocurrencies like Bitcoin which are fungible. In the video, the speaker touches on the NFT market, highlighting its growth and the significant market cap of NFT collections.

💡Macro Economic Indicators

Macro economic indicators are broad measures of the overall performance and health of an economy. They include metrics like GDP growth, unemployment rates, inflation, and consumer confidence. In the video, the speaker discusses macro economic indicators in the context of stock market performance and the increasing debt levels of the US government, expressing concern over the rapid acceleration of debt and its potential impact on the economy.

💡Inflation

Inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation and avoid deflation to keep the economy running smoothly. In the video, the speaker discusses inflation in the context of the US economy, suggesting that the Federal Reserve cannot control inflation despite its efforts, and that the rapid increase in money supply has led to rising prices.

💡Crypto Analysts

Crypto analysts are professionals who study and interpret data related to cryptocurrencies and the blockchain industry to provide insights, predictions, and investment advice. In the video, the speaker criticizes some crypto analysts for sharing selective or incomplete data, suggesting that they may omit key information that could affect the market's understanding and investor decisions.

Highlights

The week saw a lot of action in the cryptocurrency market, with new records being smashed.

Bitcoin was relatively stable, but other cryptocurrencies like Solana and Avalanche stood out with nearly a 25% increase.

Despite the market's volatility, Bitcoin only dropped 1% compared to the previous week.

The spot ETF flows showed that Bitcoin and US growth stocks are the story of the year so far.

The new chart expands to the top 75 digital assets, providing a visual representation of the market's performance over the last 7 and 30 days.

The presenter focuses on layer one and layer two technologies, dexes, and financial applications within the crypto space.

Solana has seen significant growth in terms of stable coin volume, developer commits, and daily transaction growth.

Avalanche also showed strength in daily active users and weekly active developers.

The presenter believes that retail investors are moving from Bitcoin to old coins in anticipation of the 'old season'.

Despite the liquidations caused by Solana's rise, the presenter remains optimistic about its future and the growth of the crypto market.

The presenter discusses the importance of early identification of winners in the crypto market and the success of projects like Solana.

Jupiter, a project the presenter has been watching, has shown significant growth and破了 1.7 billion in market cap.

The presenter talks about the macroeconomic situation, including the stock market's performance and the impact of Tesla's FUD machine.

The presenter highlights the rapid pace of evolution in AI and autonomous driving, specifically mentioning FSD 12.3's capabilities.

Craig Wright, who claimed to be Satoshi Nakamoto, was proven not to be the creator of Bitcoin in a UK court.

The US national debt continues to grow at an alarming rate, with a trillion dollars added every 90 to 100 days.

The presenter warns against the potential negative impacts of increased taxation on the wealthy, suggesting they may move to avoid taxes.

The top 1% of taxpayers in the US are responsible for a significant portion of tax revenue, and increased taxes may lead to their migration.

The presenter concludes by thanking the community and emphasizing the importance of staying informed and engaged in the market.

Transcripts

hello everybody it's been a long week

but there's a lot to share about what

we've just gone through this is what

happened this week and all the news you

missed a lot of good stuff too some very

interesting things that happened along

the way including a whole bunch of new

records that were completely smashed so

thank you all for being here thank you

for Mr hammer for being here to Pancake

panda and tnd D Tesla for moderating and

Tran let's jump in uh I covered all the

kind of fear and greed stuff in the

earlier video today so I'm just going to

talk uh just jump through and of course

this is always entertainment never

Financial advice thank you as well the

Great Escape and uh let's see first of

all everything's working a bit slow

today the market over the last

week obviously divided by Bitcoin is

flat but two big standouts salana and

Avalanche I'll talk more in detail about

those two today both up nearly 25% for

the week compared to bitcoin eth of

course tanking after the news of the

dankun upgrade which didn't solve world

hunger that's just how it works H in

terms of dollar terms again big big week

for salana big week for Avalanche and

although this is the crazy

thing you you you would believe that

Bitcoin literally got flushed down the

to toilet this week but compared to last

week it was only down 1% it's nothing

it's basically where it was a week ago

but people are freaking out that's how

the human short-term mind sometimes is

let's look at a little bit of bitcoin

news before we get into all the other

news too the spot ETF flows smoke all

others if you look at 2024 year to date

and remember these puppies they didn't

start in Earnest till the 12th of

January so they missed the first two

weeks that's it h one thank you uh but

us grow stocks and Bitcoins are the

story of the year so far corporate bonds

also a little bit up there notable Japan

Emerging Markets making some rare

appearances but gold ETFs are in the

gutter despite the gold price seeing

all-time highs is also very

interesting so again the big story of

the year so far really is these nine new

spot ETFs and I cover that enough every

single day so that's all I'm to say

today now let's look at this new chart

that we have here it's a new version I

decided to expand it to the top 75 with

the team thank you for all that they do

and this gives you a visual uh the first

block on the left is the last seven days

for the top 75 digital assets and on the

right the top 75 digital assets over the

last 30

days what's interesting about this hey

veget trador is literally two of my

biggest soul to positions are on on the

very top Jupiter and pith H salana is up

there as well in the top five Avalanche

is there I do not hold Avalanche or

can't read what the other one is and

then at the bottom it's a bit of a night

chart I need to figure out a way of

getting these things a little bit bigger

but over the last 30 days the big story

of things like the flakies and the

peppes and all the meme coin things

little bit of AI in there too and that's

basically all she wrote everybody the

market has been wild and crazy let's

look at what I tend to very much focus

on is things that I know layer ones

layer twos dexes you know Financial

applications things like that things

that I can relate to uh let's see what's

happening over the Deltas over the last

week I haven't shown this actually in

two weeks but I'm just going to cover

the the growth this is just the growth

not the winners but the change from week

to week which is a very good indicator

as well uh crypto companion I see your

question what would cause Bitcoin to

drop considering all the I I I going to

a drop out for this one CU this is what

I've been thinking about and I've

mentioned it many times last night I

think given the radical outperformance

of old coins I think many retail

investors are selling some of their

Bitcoin and moving directly to Old Coins

they're trying to get the jump on the

gun for old season that's the only

explanation I

have and despite that it doesn't matter

because Bitcoin is still going to go up

because the ETFs are suing in so much

that's a very good question and thinking

about that I think people are just

saying okay time for me to rotate from

Bitcoin into the alts with a heavy

listing on Sal alts and uh salana 2 and

I'll explain why that's happening

because I think people are catching on

now everybody who now makes YouTube

videos they're talking about the stuff

I've been talking about since last year

so it's kind of interesting but let's

look at some of the fundamentals for

layer ones and layer twos in terms of

tvl salana wins in terms of stable coin

volume salana wins in terms of

uh commits developer commits arbitrum

wins in terms of weekly active

developers Avalanche wins in terms of

daily active users salana wins and in

terms of daily transaction growth

Avalanche wins so you see Avalanche

there twice salono there three times

then you got a couple of other players

jumping in that's the State of the Union

there is a lot of activity happening

right now in crypto and it's very real

this time around not like 2020 when kind

of defi Etc was in its infancy now it's

real and we're smashing records all

across the board real fast let's jump in

and look at some more stuff first of all

I'm going to spend a second on this this

bit of a funny one too and anybody who

watches me in this channel know my focus

is identify winners early I spend an

Nord amount of time to do that whether

it be micro strategy or clean spark or

things like Tesla hasn't pumped it's the

only thing that's not that still hasn't

pumped but we'll talk about that a bit

in a bit too and how close you are to

something special happening but I'm

going to talk about salana because I was

mocked heavily in 2021 2022 because of

this okay I never wavered never deviated

from my strategy stack as much as I

possibly could and when we fell to eight

bucks that was literally almost organ

donation time but let's summarize what

happened so far just top M it is's

birthday four years old today yes couple

of things to point out here transactions

276 billion transactions over 1,600

validators 254 million blocks uh what

else is going on what can I come up with

uh fourth anniversary

um it's gone up the whole chain it's ET

has gotten much stronger since the whole

FTX crisis and that was just unfortunate

it performs now 20 times more

transactions per second then all other

modular chains combined ladies and

gentlemen all other chains it also is

the lowest cost and it's unlocking a lot

of special things now with fire dancer

on the horizon that's it if fire dancer

is a

success it's game over for the

competition

uh it also has the second largest

developer ecosystem and people this is

very funny it's like you know I always

talk about fake news and mainstream

media and stuff but the same thing

happens with so-called crypto analysts

they share dashboards and stuff but they

omit key

information so but we look at real data

anyway uh there's a lot of really good

Innovations coming on the way with

salana there's lots of projects now

moving over to

salana uh you know the renders of the

world Etc the whole deepin play user

experience is second to none and you can

see that from adoption when it comes to

speed transactions playing you got games

coming over from eth Etc it is scalable

it's accessible the product Market fit

with the applications a second to none

and I want to say thank you to the

community and all the great people the

toes the rajas the Mertz uh for all

being part of this as well and uh also

the humility uh of the crew they're not

arrogant they don't say oh our chain is

perfect this will be a breakthrough year

for us this no no no no they'll talk

about the problems every single day

so Salon help desk is here and this is

very sad

the because of the strength salana

nearly hit 200 bucks last night I

watching it live $200 but on its way to

$200 it destroyed 41 million in

liquidations people who were short red

means short and and those that were

short lost a lot of money so that was a

bit of sad news for that to happen on

the birthday but it's just crazy but

let's break down more uh information

stable coin volume

transfer 25.35 billion yesterday versus

ethereum 24.71 Tron 17 million binance 4

million Etc again Winner Takes most but

the winner is only just beginning that's

the crazy thing um saw Dex volume

biggest Day Ever yesterday $3.6 billion

and the monthly alltime high of 31

billion which is more than three times

the full year of 2022 and part of 2023

combined and you could argue considering

I always look at relative market caps

relative value tons and tons of metrics

to get to the heart of exactly what's

undervalued versus overvalued this even

at nearly 200 bucks considering the eth

market cap is still very undervalued and

Ox gumu agrees to pith one of my should

I buy videos pith breaks new alltime

high yesterday hit 115 actually after

this uh post as well crazy another one

that went crazy Jupiter Jupiter I waited

this is is very interesting play cuz I

super patient I was watching uh chart

for a month straight so we got our

airdrops I know a lot of people that got

like $20,000 worth of airdrops for free

it's it's it's it's hard to believe uh

and it's a very special

project I waited for a month for the

sellers to stop selling then I knew the

price would go up and then I bought at

46 cents and that's why you need to be

patient wait for the bottom to hit and

then jump in but Jupiter just breaks 1.7

billion in market cap and my thesis from

I should I my Jupiter solid video number

four or six I can't remember um was look

at Unis swap

look at what they're doing and how much

they're doing and look at their market

cap and look at what this puppy's doing

at a

fraction I think was at less than 130th

of the fully du to Mark cap it was a

no-brainer and here we are um and also

per volume on Jupiter breaks half a

billion dollars so you got all this

activity all across the board you got

meme coins launching and people trading

like mad men and women all over the

place and then another one uh nft

collections

which I don't know much about but nft

collection market cap surpass $2.6

billion crazy crazy crazy and we know a

lot of people in the community have

those madad things and all sorts of good

stuff also Jupiter flips madic polygon

madic which has been around for a long

time and as I've been saying as well out

with the old in with the new that's just

what happens as well um now this is a

shout out to Ryan sha Adams very very

there's some people really stepping up

and being very good and he's hardcore

eth guy but he said congrats to salana

on market cap alltime High I knew salana

would make it through the bare market

and likely stronger but I did not

anticipate it would return so fast and

with such ferocity so it was uh very

good for people to say that um because

many times people criticized uh bank's

team for being very anti- salana and

very Pro eth but to step up and say that

is a very cool thing uh in addition when

Circle Prince buys it's like Ivano says

when tether prints by well Circle just

printed 50 billion and that

transferred those USD C's over to

coinbase and of course they're going to

be buying something not the only one

buying something sailor will be buying

$600 million with worth of bitcoin

probably next week early he hopes he's

probably hoping the price stays down so

he can get it cheap now let's talk about

stock we talk about some other good

stuff and some macro too which is kind

of kind of horrifying macro piece I got

to show you but here you see the week a

lot of stuff pretty flat uh meta down 4%

Google up 4% Microsoft up Nvidia flat

basically Apple Tesla down 6% because

the fud machine is at Peak and I tell

you all the peak indicators for Tesla uh

and I know Tesla is not as low as 106

last year but you got all the peak

indicates you got all these so-call

expert money managers money Runners

selling and they're selling at the

bottom which is kind of crazy um and

then you got the analysts that know

nothing they get on TV and they talk and

they sound so stupid I mean they they're

just completely uninformed ignor ramises

and it's beautiful thing and people why

why are you so excited Tesla Sol Lis

because this is like a second bite of

the Apple that we had last year

to get the most important company on the

planet super cheap so it's again it's

people are saying it's like buying salon

at $8 it's exactly what it's like and

you'll find out soon too in terms of

relative value as well some interesting

ratios basically when you have a fast

growing company with a peg under one

it's a deal

okay that is what they call Deep value

Zone everybody PE ratios now per my

calculations 37.6 3 for a company that

has 12 different lines of business that

have four different scures colliding

together at the same time it's

magnificent it's dream so don't lose

Faith everybody as long as you got a

time frame of two to three years more

maybe 6 months more we don't know when

it's going to pop but it's going to pop

that I can assure you and and the guy

behind this thing the gateway to Mars

Elon Starship uh is a a huge success now

if you go to mainstream media you'll

hear it's a huge failure I'll talk more

about that too but that's kind of how

everything is so nuts so the test that

happened this week it got to orbit that

was the mission third Flight of the

heaviest thing man has ever put in the

sky in the history of the

planet got to orbit all engines worked

the super heavy flip and boost back burn

worked the hot stage separation worked

and the Starship supersonic re-entry

worked okay massive

success absolutely massive but when you

go to Reuters okay Reuters used to be

the kind of news outlet for real-time

news newspapers would license Reuters to

get their stuff to put in their

newspapers a day

later but Reuters have just had their

throat cut by a thing called X like it

or not everybody goes to X for realtime

news and Reuters is is dead or dying on

the van Vine sorry and you can see the

way they write stuff it's like you can

tell they really really hate hate Elon

okay they don't know anything about

space X or whatever Space X Starship

launched on third test after the last

two blew up 8 minutes later SpaceX

confirms loss of Starship at the end of

third test

flight

that's h anyway as Elon says Reuters is

the worst and they're all threatened by

him but that's what you want you know

thank you Jonathan you want to be in the

most hated assets because they tend to

do the best I did a video on that like

six months ago and uh it proves to be

right almost every time now speaking of

another huge

disruption FS 12.3 came out last night

uh people like AI driver have been

testing it it is unbelievable I watched

this video twice so about 12 minutes

long I'll drop a link below or just just

Google um FSD 12.3 you'll see it um but

it executes complex maneuver as well as

a human would it faces challenges like

things like road closures very tricky

intersections and it makes humanlike

decisions even earlier when you can see

a dog up the road 300 yards away 300 M

away and it slows down and deviates from

its course uh very very Advanced

decision-making very skillful and

complex driving situations handles

challenges beautifully stops early for

hazards and brings huge improvements now

the key thing about

this is not what it is it's where it

came from in such a short period of time

it's only the third release and it's

already light years ahead of the

first that is the key is the pace of

evolution we're close and anybody who

has this will say 20 24 is a year and

then then things will go crazy um now

another good news this week mankind

removed one of its nastiest

stains as Craig

Wright the lying sack of poop uh was

proven in court in the United Kingdom

shout out to the British legal system uh

the judge will prepare a very long

judgment but basically he said csw is

not the author of the white paper not

Satoshi not the creat of Bitcoin and did

not both of the Bitcoin

software but it's so clear I mean if

this scammer had half a freaking brain

he wouldn't dress like the tool that he

dresses like he dress like a cipher Punk

okay I shared in my morning video what

they actually look like in real life now

the bad news I did warn you about we

just eclipsed

34.5 trillion in debt literally a few

months ago we hit 33 now it's

34.5 okay okay we're adding a trillion

dollars of debt in every 90 to 100 days

so if this doesn't scare

you I don't know what will we're way

past the point of any return

okay it's like an S curve for AI or FSD

or anything else it's about to go really

really vertical not that it hasn't been

already it's about to go really nuts and

as I've been saying for

years okay to a lot of uh people moaning

in the audience I always said the FED

does not control inflation okay they can

destroy demand they can't control

inflation inflation is controlled by

things like the hoies and the Red Sea

and OPEC and shipping and cost of stuff

and when you print a lot of money even

in a stealth manner prices go up now the

FED is very upset because they've had

backtack prints that were higher than I

expected both the PPI and the CPI and

they don't know what to do so they are a

little bit miffed right now and uh

they're boxed in so what are they going

to do well first of all those who don't

believe in inflation this is from True

inflation you can see that US inflation

aggregated from the beginning of 2020 is

up

24%

okay that's how much you lost and having

that melting ice cube in your bank

account if you got

100,000 there you just lost that much in

the basement anywh who the what a lot of

people think like Wall Street Silver is

that the 2% inflation is going to go

away and they're going to change it to

3% as being their new inflation Target

to pretend they're doing a good job but

at the same time really cook the books

and start measuring things that are not

reflective of the actual true inflation

so be prepared for that you know even if

your loved ones don't trust or believe

in

Bitcoin share these images with them and

the penny will drop I hope I hope H and

shout out to my good friend who's had

$600,000 in his bank account for three

or four years from selling a

condo and he doesn't listen to me he'll

never listen to me because he he thinks

it's too much risk investing in Bitcoin

anyway I won't even show him the Bitcoin

chart now now back to Deb explosion this

chart was flying around the internet all

week chart I think was shared on X by

Robert Sterling and it's a color ful way

to grasp the acceleration of the growth

in US Government debt and each bar

represents a trillion dollars

okay these trillion dollar bars are

happening every 90 to 100 days now

okay we're going up real fast if this

was a stock you would want to own it and

uh another final piece of news as well

from the tax Foundation um I know

there's a lot of plans now to tax the

the rich even more but what they fail to

realize is when that happens the rich

just leave and they move to taxfree

domiciles they do not stick around to be

taxed to death and as a bit of

perspective the top 1% are ready to pay

20% 26% of all taxes and the top half of

taxpayers okay the top half of

taxpayers in a country of nearly 400

million people or 360 million people

it's only 75 million people pay 98% of

the tax okay so does like four people

that are dependent on every one person

for tax revenue and the bottom 50% pay

2% so again in this case The Winner

Takes most you could argue it's not a

good example but basically going after

the rich will result in earning less tax

revenue because they get creative ways

of avoiding taxes including leaving so

with that little bit of sad news I want

to thank you all for coming thank you to

everybody on patreon thank you to the

mods in the chat thank you to Sean

Donnelly and Jeff hammer and T andd

Tesla and have a good night everybody

I'm going to go work on the Q&A now uh

for tomorrow and uh it's a very

interesting one all the top questions

you've had from the week and enjoy the

weekend everybody I think as Rob says

touch the grass or touch the sand thanks

all for coming and I'll see you all

later

bye-bye

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for