OCTA: Crypto Carnage + Silver Linings🌟

Summary

In this transcript, the speaker discusses various topics including the macroeconomic situation highlighting the correlation between increasing debt levels and artificially low yields. They delve into the world of cryptocurrencies, emphasizing Bitcoin's role and its recent price fluctuations, while also touching on Ethereum's post-Denton transition. The speaker shares insights on the growth of the crypto market, the influx of new users, and the significant inflows into digital asset funds. They also discuss the stock market's reaction to AI and bots, and the increasing relevance of electric vehicles and Bitcoin mining efficiency.

Takeaways

• 📈 The total debt to GDP ratio of the world's top economies correlates with lower yields, highlighting the necessity to maintain artificially low interest rates to avoid economic collapse.
• 💸 The SEC's settlement with Genesis for losing $900 million of client money in their Gemini earn program shows that regulatory protection for investors is not as robust as perceived.
• 📊 The California job growth data indicates potential inaccuracies in government-provided statistics, questioning the reported economic health.
• 🌐 Increasing debt levels are pushing for maintained low yields to prevent concerns over debt sustainability.
• 🚀 Despite a rough week for cryptocurrencies, Bitcoin ETF investments continue to pour in regardless of price fluctuations, signaling a change in investor behavior.
• 🔄 The growth of government jobs and healthcare jobs in the United States reflects the current job market trends, with technology advancements posing a future threat to these sectors.
• 🏦 The Ethereum network's gas fees have risen post-Denton, contrary to expectations, indicating ongoing issues with scalability and efficiency.
• 🔽 Bitcoin's dominance in the market is challenged by the growth of Ethereum and other blockchains, with daily active users and fees on alternative chains increasing.
• 💡 The adoption of blockchain technology, particularly on the Solana network, is skyrocketing, with one token surpassing the entire Ethereum blockchain in trading volume.
• 📈 The cryptocurrency market continues to grow, with the market cap doubling in 22 weeks and user numbers increasing significantly.
• 🚗 Tesla's advancements in electric vehicles and autonomous driving technology are revolutionizing the automotive industry, with the Model Y and Model 3 leading the way in production and adoption.

Q & A

What is the significance of OCTA Tuesday in the context of the transcript?

OCTA Tuesday appears to be a regular event or meeting where the speaker discusses various macroeconomic topics, Bitcoin news, onchain updates, and other macro news related to the cryptocurrency and tech industry.

What does the speaker mean by 'the one chart in the world that'll tell you everything that's going on'?

The speaker is referring to a macro chart that provides a comprehensive view of global economic conditions, suggesting it can explain the current state of affairs and the need for alternatives like Bitcoin.

What was the outcome of the Genesis incident involving Grayscale and DCG?

Genesis, part of the Grayscale and DCG group, lost $900 million of their clients' money in their Gemini Earn program. To settle the case with the SEC, they agreed to pay $21.2 million.

What does the speaker imply about the SEC's role in protecting investors?

The speaker implies skepticism about the SEC's role in protecting investors, suggesting that their actions, such as settling cases with financial penalties, do not necessarily safeguard individual investors' interests.

What is the significance of the debt to GDP ratio chart mentioned in the transcript?

The debt to GDP ratio chart illustrates the relationship between a country's total debt and its economic output (GDP). The speaker highlights that higher debt levels correlate with lower yields, which can be critical for preventing economic collapse in debt-laden economies.

What does the speaker say about the growth of government jobs in the United States?

The speaker notes that government jobs are the fastest-growing sector in the U.S., with healthcare jobs being the second fastest due to the aging population. However, they express concern about the future impact of automation and AI on these sectors.

What is the speaker's outlook on Bitcoin ETF investments?

The speaker believes that Bitcoin ETF investments are a significant factor that's changing the landscape, with money coming in regardless of price fluctuations. They predict that the next 30 days will be particularly interesting for Bitcoin's price trajectory.

What does the speaker suggest about the future of Ethereum after the London Upgrade?

The speaker mentions that Ethereum's gas fees have increased post the London Upgrade, which they find concerning. They also note that while there is anticipation for the Ethereum 2.0 upgrade, the current situation is not changing the world as expected.

What is the speaker's view on the comparison between monolithic and modular blockchains?

The speaker believes that monolithic blockchains, which handle all functions in one platform, are outperforming modular ones. They argue for simplicity as the better solution, citing the success of chains like Solana as evidence.

What does the speaker say about the correlation between Bitcoin and the NASDAQ?

The speaker notes that despite Bitcoin's price fluctuations, it has seen a significant increase over the last 90 days, outperforming the NASDAQ. They suggest that a lack of correlation between the two is generally favorable.

What is the significance of MicroStrategy's recent Bitcoin purchase?

MicroStrategy has invested an additional $600 million in Bitcoin, bringing their total investment to over $7 billion. The company is leveraging its cash and Bitcoin appreciation to fund its strategy, which has resulted in nearly a 50% gain on their Bitcoin investments.

Outlines

00:00

🎤 Introduction and Macro Analysis

The video begins with a welcoming statement to the audience, acknowledging their participation in the OCTA Tuesday event. The speaker, Benjamin Krypto Clint Alexander T, expresses gratitude to the attendees and Patreon member Sarup STH. The agenda includes a macro chart analysis, Bitcoin and onchain news, and discussions on Clean Spark, Nvidia, and Tesla. The speaker emphasizes that the content is not financial advice. The video is sponsored by caffeine, and the speaker references the movie 'The Good, the Bad, and the Ugly' to frame the topics of discussion. The segment starts with an analysis of token unlocks and their impact on the market, highlighting the poor tokenomics of certain projects and the financial loss suffered by Genesis due to the Gemini earn program. The speaker also critiques the SEC's handling of investor protection and presents a chart illustrating the relationship between increasing debt levels and artificially low yields, emphasizing the fragility of the global economy and the cautious approach required by the Federal Reserve.

05:00

📉 Market Performance and Predictions

The speaker discusses the recent market performance, noting a rough week for cryptocurrencies, with Bitcoin and other digital assets experiencing losses. Despite the downturn, the speaker points out that ETF volume is high, suggesting significant buying activity by BlackRock. The discussion shifts to Bitcoin's performance before and after halving events, highlighting the ETF investments' consistent inflow regardless of price fluctuations. The speaker also mentions Bernstein's price target for Bitcoin and expresses anticipation for the next 30 days in the market. The segment concludes with a brief mention of Ethereum's post-Denton performance and the challenges faced by the platform.

10:02

🚀 Positive Developments and Records

The speaker shares positive news from the crypto market, highlighting the significant growth in the crypto market capitalization and user base over the past 22 weeks. The number of transactions has also increased, indicating a healthy onchain activity. Despite market volatility, the speaker notes that the fear and greed index remains in the 'extreme greed' territory, and Bitcoin has shown a positive monthly return. The speaker also discusses the GBTC premium and outflows, emphasizing the continued interest in Bitcoin despite market fluctuations. The segment ends with a mention of digital asset inflows, which have reached new records, reflecting the ongoing investment in the crypto space.

15:04

🌐 Blockchain Adoption and Network Growth

The speaker delves into the adoption and growth of various blockchain networks, particularly Solana, which has seen a significant increase in daily active users and transaction volume. The speaker highlights Solana's record-breaking fees and the substantial earnings for validators, surpassing those of Bitcoin validators. The discussion also touches on the cross-chain bridged assets to Solana, emphasizing the network's ability to attract funds from other chains. The speaker contrasts the performance of Solana with Ethereum and other blockchains, arguing for the superiority of a monolithic blockchain architecture. The segment concludes with a brief mention of the stock market's performance and the speaker's personal investments.

20:06

🔋 Electric Vehicles and Global Trends

The speaker discusses the growing adoption of electric vehicles (EVs), noting the increase in EV registrations as a percentage of the car market. The speaker criticizes the continued use of gasoline-powered vehicles and their environmental impact. The segment shifts to discuss the transition of gas stations to EV charging facilities, with Shell planning to convert 1,000 of its gas stations. The speaker also mentions the Tesla Model Y's production and the advancements in Tesla's Full Self-Driving (FSD) technology, expressing excitement for the future of autonomous driving. The segment ends with a mention of global liquidity trends and their impact on risk assets.

25:07

🎉 Closing Remarks and Thanks

The speaker concludes the video with a summary of the key points discussed and expresses gratitude to the audience for their engagement. The speaker reiterates the importance of the information shared and encourages the audience to stay informed about the developments in the crypto and tech sectors. The speaker also thanks the mods in the chat and signs off with a positive note, promising to see the audience again soon.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central authority or bank. It is mentioned throughout the transcript as a significant topic of discussion, with various aspects such as its price, on-chain news, and its role in the broader financial landscape being highlighted. The speaker emphasizes the importance of Bitcoin in the context of macroeconomic trends and its potential as an alternative to traditional financial systems.

💡Macro Chart

A macro chart is a visual representation of economic indicators on a large scale, often used to analyze and predict market trends based on economic data. In the context of the video, the macro chart is presented as a tool to understand the current state of the global economy and the need for alternative financial systems like Bitcoin. The chart specifically shows the relationship between debt levels and interest rates, indicating how high debt levels lead to artificially low yields.

💡Token Unlocks

Token unlocks refer to the release of new tokens into the market, which can have an impact on the price and supply dynamics of a cryptocurrency. In the video, the speaker discusses significant token unlocks for various cryptocurrencies, suggesting that these events could influence market behavior and potentially affect prices negatively.

💡Clean Spark

Clean Spark is a company involved in the Bitcoin mining industry. The company's mention in the transcript highlights the growth and development in the Bitcoin mining sector, with a focus on efficiency and environmental sustainability. The speaker discusses Clean Spark's expansion plans, which are significant for its position in the market and the broader implications for the Bitcoin network.

💡MicroStrategy

MicroStrategy is a company that has made significant investments in Bitcoin, using it as a part of its treasury strategy. In the video, the speaker discusses MicroStrategy's continued purchasing of Bitcoin, indicating a strong belief in its long-term value and the company's strategy of allocating resources to digital assets over traditional cash holdings.

💡Ethereum

Ethereum is a decentralized platform that runs smart contracts and is used for the development of decentralized applications (dApps). In the context of the video, Ethereum is discussed in relation to its transition from Proof of Work to Proof of Stake with the Ethereum 2.0 upgrade, as well as its ongoing challenges with high transaction fees and the rise of layer 2 solutions like Optimism and Arbitrum.

💡Rollups

Rollups are a technology used in blockchain to improve scalability by bundling multiple transactions into a single one, which is then processed off-chain. In the video, rollups are discussed as a solution to Ethereum's high gas fees and network congestion, with Optimism and Arbitrum being examples of rollup-based layer 2 solutions.

💡Stablecoins

Stablecoins are cryptocurrencies designed to minimize price fluctuations by pegging their value to a reserve of assets, often a fiat currency like the US dollar. In the video, the speaker discusses the record inflow of stablecoins into the market, indicating a growing interest and trust in these digital assets as a store of value and medium of exchange.

💡Electric Vehicles (EVs)

Electric Vehicles, or EVs, are automobiles that use electric motors for propulsion. In the video, the speaker talks about the increasing adoption of EVs, highlighting the shift towards more sustainable transportation solutions and the impact this has on the automotive and energy industries.

💡Global Liquidity

Global liquidity refers to the overall availability of funds in the global financial system. High liquidity typically indicates that there is a large amount of money available for investment, which can influence the prices of riskier assets. In the video, the speaker notes an increase in global liquidity, suggesting a potential positive impact on risk asset prices.

Highlights

OCTA Tuesday covers a wide range of topics including Bitcoin news, onchain analysis, and macroeconomic updates.

The importance of Bitcoin is emphasized in the context of global economic trends and the need for decentralized finance.

Token unlock events and their potential impact on cryptocurrency prices are discussed, highlighting the challenges of tokenomics.

Genesis and Grayscale's settlement with the SEC for a $21 million penalty is mentioned, illustrating the regulatory landscape.

A macroeconomic chart is presented, showing the correlation between increasing debt levels and artificially low yields.

The impact of government job growth statistics on the perception of economic health is questioned.

The rapid growth of government jobs and healthcare jobs due to an aging population is highlighted.

The potential disruption of AI and automation in the job market is discussed, with a warning for the future.

Bitcoin's price performance and the influence of ETF investments on its market dynamics are analyzed.

Ethereum's transition to Proof of Stake and its implications for the network's fees and user activity are examined.

The comparison between Ethereum and its layer 2 solutions like Optimism and Arbitrum in terms of user activity.

The growth of the cryptocurrency market cap and user base over the last 22 weeks is highlighted.

Despite market volatility, Bitcoin continues to show positive monthly returns, demonstrating resilience.

The significant inflows into digital asset funds, despite price fluctuations, are noted, indicating strong investor interest.

Salana's remarkable growth in daily active users and fees, surpassing Bitcoin in the latter, is emphasized.

The debate between modular and monolithic blockchain architectures is discussed, with evidence supporting the latter's success.

The stock market's reaction to AI and technology advancements is analyzed, suggesting a lack of understanding by Wall Street.

MicroStrategy's aggressive Bitcoin investment strategy and its impact on the company's valuation are highlighted.

Clean Spark's expansion in Bitcoin mining operations and its move towards becoming a major player in the industry.

Tesla's advancements in electric vehicles and full self-driving technology are discussed, with a positive outlook for 2024.

The increasing adoption of electric vehicles and the shift in the automotive market is noted, with EV registrations rising.

Global liquidity trends and their influence on risk assets are analyzed, with a focus on the continuous increase in liquidity.

Transcripts

hey everybody thank you all for coming

Benjamin Krypto Clint Alexander T andd

Tesla K8 everybody thank you for being

here and helping out and everything else

so it's OCTA Tuesday lot of stuff to

cover

and we're going to look at a macro chart

it's the one chart in the world that'll

tell you everything that's going on and

why we need things like Bitcoin we'll

cover a little bit of bitcoin news a lot

of onchain news a lot of other macro

news we'll talk about clean spark Nvidia

Tesla as well later on and see how

things are going out there in the crazy

world so thank you all for coming and of

course this is never Financial advice

and a shout out to a brand new patreon

member we have sarup sth been following

you for a while just joined patreon

today thank you so much thank you so

much for coming it's a fun party now

let's start with the ugly news we'll

start with our token unlocks first and

this whole video is brought to you by

lots of

caffeine I love this and for those who

don't know the good the bad the ugly is

a movie from my childhood so uh I just

think it's a good way to frame up topics

now let's look at the big unlocks uh

this week our IMX 92 million ID 131

million yield Guild games money grab

12.56 million these things are just

horrific horrific tokenomics compendium

scores Etc

uh optimism 882

million what is it Prime 41.75 million

and suie 7 million so they are the big

unlocks and they normally have an impact

on price Linda thank you for coming also

this is kind of funny remember we

starting with the ugly news to get the

bad stuff out of the way first this was

hilarious Genesis which is part of the

whole Kur fuffle with grayscale and dcg

and all that stuff but they lost 900

million dollar of clients money in their

Gemini earn program and to make things

okay they will pay 21 21 million dollar

to settle the case of the

SEC this is how the SEC protect

investors so if you think for a second

the SEC is protecting you they're not

okay moving on shout out to sanj as well

for this chart I absolutely loved it

best picture I've seen all year little

bit nerdy but it explains EX exactly how

everything is contrived okay I know

people don't want to spend too much time

macro I promise I get through this in 60

seconds what this is is an amazing

Insight toss away those basic

macroeconomic textbooks the real Dynamic

flips the script okay so on this chart

with increasing debt levels you'll see

it comes the push to maintain

artificially low yields that is interest

on debt and this chart pairs the total

debt to GDP ratio Beyond just government

debt of the world's top economies on the

x axis with their 10year yields on the Y

AIS and it's pretty

scary so let's break this down the big

takeaway the more debt you have that

corelates with lower yields and this

approach is critical to Stave off

concerns over debt sustainability and

avert collapse of the debt Reliant

economies of the world and the financial

systems it's just unreal we saw that

with Japan after seven years that said

they're no no longer going to fight Yi

curve control and stuff like this

everything is a house of

cards and this shows you the correlation

the more debt an economy has even though

they may need higher interest rates they

have to keep them low or else a thing

goes up in flames and that's why the FED

tomorrow are caught in a box they know

the economy is way more fragile than

they make out and they got to be very

careful with how they proceed so we'll

see what happens but while the FED is

still thinking about what they're going

to do that puts a bit of a lid on the

market let's look at this as well and

this is just government job data from

California only which is the fifth

biggest economy on the planet so think

of this like a big country but the point

is how the Govern government job growth

they pretend that everything's great

we're adding lots of jobs so here they

said uh you know they added I think an

initial job postings 325,000 new jobs

but really what they do is they correct

it back later and say oh sorry it was

only 50,000 in their Ro part-time jobs

so that's kind

of all the stats and information you get

from the government tends to be

erroneous at best now for all the jobs

that are being created in the United

States today the only that's growing the

fastest growing block here is the green

on the right government jobs and the

second fastest growing piece which is

only slightly positive is healthc care

jobs because of the Aging

population That's All She Wrote and

remember Bots and AI are about to

hit this is going to get very ugly very

soon

unless something radical happens anywh

who that's enough for the ugly news for

today let's get into the bad news uh

first of all it was a rough week out

there the last seven days divided by

Bitcoin Avalanche through a green for

some reason salana should be green too

because it did beat Bitcoin but this

model isn't working so there is an error

behind the scenes the rest we'll assume

is right in terms of dollar ter

terms you can see here this will

corrected in US dollar for the week

Sal's down 9% but bitcoin's down down

10% that shows you in the previous chart

I should have been positive anyway I

don't know why it's like that uh this

comes from a separate Source now you can

see a lot of red again Avalanche green

etc etc a rough week and Bitcoin as I

speak is

$64,000 not $65,000 per the the chart

but there is that little bit of a dip

now the ETF volume is very high which

tells me black rock is going to buy a

lot of Bitcoin tonight but we'll see

we'll know tomorrow morning now let's go

back to bitcoin and look at the having

action and this is a very simple little

chart of what happens to the Bitcoin

price pre having and after the having

now the first having it just went

Bonkers second having it was kind of

mixed a little bit muted a little bit of

dip after the fact third having kind of

up all the way it doesn't really tell

you the whole picture but as I always

say and I've been saying for 15 16

months now this time is different the

ETF Investments are changing everything

and by the way the ETF Investments tend

to increase when price is increasing and

slow down sometimes when price is drop

but with the Bitcoin ETFs it doesn't

matter the money is coming in every

single day price up price down it

doesn't matter people are just

allocating to it and we we'll see what

happens but I think the next 30 days is

going to be super interesting for us in

this prehab run and then it's going to

become super super hard with only 450

Bitcoin issued to to day and that is

simply not enough to sustain the

appetite of just ETFs alone as a lot of

other people buying as well in addition

Bernstein have a $150,000 price Target

in Bitcoin next year actually this year

and then next year I think even higher

or was that a different group one group

said 150 this year and 250 next year but

I I can't remember which one's which

anymore there's just so many people

coming out with $150,000 projections I

can't keep them straight my head so

anyway now let's talk about ethereum we

are a week in to the post Denon the big

widely awaited release the biggest thing

since the move to proof a stake let's

see how things are going down in ethland

h ethereum casts whoa they've gone up

that's not good that's the blue line on

the chart here and down on the bottom

right you'll see the arbitrum cost a

buck

21 um but sometimes 250 in the new world

they've actually gone up since tenun

which is kind of unbelievable H and

optimism fees were Buck 79 now that can

be as high as a buck 50 they've come

down a little bit but again as we said

it is not changing the world is not

fixing the problems and that's kind of a

big issue there people are still holding

out for the EF to come and that will

certainly boost price but nothing like

the type of volumes that are going into

Bitcoin because Bitcoin a different

cataly F all together and I will be

spending some time again talking about

monolithic versus modular blockchains

and I'll tell you I have the answer as

to which one's the winner and you'll be

surprised now let's talk about eth

versus

rollups cool chart from glass node here

uh this is the daily active user

dominance so eth have about

444,000 daily active users a day or

about 67% of the users of the whole eth

chain optimism have about 99.8% of users

about 66,000 a day and arbit from

164,000 daily active users about 24% of

the action so it's interesting a lot of

stuff still happens on ethereum not

necessarily using the rollups for

obvious reasons as well so that was the

bad news now time for some good news

lots of good news uh first of all 30

days to go cover this as well only four

more OCTA it's like the number of sleeps

Before Christmas exciting let's look at

some stats of what's happened since

started monitoring this 22 weeks ago

Madness in four weeks actually wow I

just realized I started doing this 22

weeks ago which coincides exactly six

months before the having that's why I

started tracking this because I believed

in a preh having run we are now four

weeks away from the having tada this

will be fun to see what these stats do

and these stats have gone Bonkers as

well the crypto Mark G is up 2x in 22

weeks but check out the users they went

from 5.6 6 million to nearly 10 million

9.6 million 9.7 million that's a big

jump of over 4 million new people and

we're seeing a lot of that with

activities on

chain and tons of transactions 63

million transactions versus 40 million

22 weeks ago that's all goodness fear

and greed 79 last week was 81 so still

extreme greed and Bitcoin monthly

returns

despite people freaking out thinking oh

my God it's a blood bath out there no no

no no no no no no we're still up 6% for

the month all right 6% on any other

Assets in a year is a good return I know

we had a crazy 43.9% in

Feb flat 1% in Jan but remember we have

11 days left of this month so I expect

some fireworks as well we got that kind

of flush out of the way yesterday I

covered this morning the big gbtc flush

old season 51 bang in the middle really

crazy and as

usual it's like every single week the

A's are at the bottom of the pile XMR

xrp and injective is there down 11% I

still own injective I have them sold

holding it to the bull and then on the

other side you got your whiff and your

Pepe and your your R weave fetch AI

sheep Theta render SOI the graph Etc all

beating Bitcoin but bitcoin's in the

middle of the road

today not too bad uh Mara the story for

the last for this year is don't hold the

X's um let's look at money funds and yet

I I'm almost tired of telling about new

records it almost sounds like cliche at

this stage another new record for

digital asset fun

flows last week was a record this week

is another one beating the prior week's

all time at 2.7 billion this week we had

2.9 billion of course this me last week

after the fact the data comes out on

Monday yesterday but I share it on

Tuesdays so shout out to the team at

coin shares so putting this

together

despite despite weakness in the price I

told you the money's coming in it

doesn't matter the people that are

buying Bitcoin don't care about the

price they just want to get some okay

it's a nuclear arms ways to get your

hands on this stuff let's look at the

breakdown here last week we had a huge

week for salana and it was about 25

million they gave back to 2.7 million

this week uh you can see the short

Bitcoin big winner 26.1 million people

expected things to happen so a lot of

money went into the short Bitcoin fund

ethereum bled 13.9 million and there was

about three billion into Bitcoin massive

amounts of money what else we had um

smart contracts did suffer a little bit

last week as I mentioned ethereum salana

polygon seeing outflows of 14 2 million

and six million respectively and the

rest is kind of little bit of money into

polka dot and cordano which is

interesting how they run counter to the

rest now let's look at the compendium

the view of the top 75 over the last

week and the last month the last week

the top five winners were Jupiter whiff

Avalanche salana and cfx the losers were

optimism Lio Bonk bsv and floky and the

month winners are whiff Pepe floi fi and

sheep and the users were arbitrum Caspa

Lio and Celestia Tada we always said

people say why aren't you buying

Celestia I said because the compendium

score is terrible that's why anyway uh

let's look at crazy more records we had

record daily active users for all chains

but salana 2.4 million users yesterday

Bitcoin 576,000 ethereum 455,000

base from coinbase 228,000

we have another view of this data as

well on uh the SCP profiler and here

what's crazy about this is salana has

four times the daily active users of one

of the next biggest players uh Bas is a

layer two

855,000 as we pull this report Bitcoin

604 a little higher than the one on the

previous report ethereum 497 ZK sync 300

orbit from 200 up from 160 appt to 181

all chains are growing that is for

sure but there's one where everybody is

going to now not only everybody going to

the that particular chain but also we

had Rec another record how many records

is this so far three I think thank you

again for every coming and I see you all

there on the chat another record flow 72

million in seven days bridged to salana

it left chains like ethereum

arbitrum uh a little bit from base a

little bit from optimism Etc but again

the black hole is still sucking in

assets from other chains and that was a

record flow in this cross chain bridged

World which is fascinating because now

you can have money and funds in a chain

and it's easy to move them out in the

past it wasn't so easy now it is and

that shows you how fast things can move

now what else oh another record salana

surpasses Bitcoin fees over the last

seven days this is ever happened in

history and normally Bitcoin makes a ton

more fees but salana has been on fire

another view of salana fees is up and to

the right nearly 5 million in fees a day

and a lot of people for years for years

and years and years said Sonic can't

make it it's too cheap the fees are too

low they can never make any

money check now they make it up in

volume okay Marty party salana validator

fuse jumped to 4.6 million from 30

313,000 in Feb just in a month we're

going nearly 12x because of the insane

volume on salana validators are now

making more than Bitcoin validators

which is crazy to think and Bitcoin

validators are going to make a lot in

fees as well coming up and uh this is

kind of a crazy statistic and it shows

you what's happening in the whole meme

world too one token just one token on

salana surpasses the entire eth

blockchain in trading volume in 24 hours

2.4 billion was

traded 2.4 billion that's 100 million an

hour it's Madness on a thing called

slurf and this volume is bigger than all

of the ethereum blockchain's 24-hour Dex

volume again that's the black hole and

that's how adoption happens product

Market fit all the stuff you've heard

before it's happening

um what else stable coin a new record

stable coin

inflow saw inflow of $88 million in the

last 24 hours into the chain and stable

coins which is

Big nearly 100 million that'd be nice to

have in your pocket wouldn't it and

going back to the same age-old debate

that I've been asking the question for

years modular versus monolithic debate

rages on you have a lot of people

thinking it's better to have more

complexity a separate execution layer a

separate settlement layer a separate

consensus and availability and data

availability layer or you can do it all

in one

platform so here

monolithic

clearly clearly from all the data I just

showed you is smashing it and again

because I believe in Simplicity simplest

solution wins here we go I for years I

was asking people which one wins and

nobody gave me an answer but now we know

so congratulations for waiting for that

question to be all this time but if you

ask other people they think it's better

to have more

colors uh notice the black and

simplicity what the color here

Simplicity okay now uh all these slides

every video I make turns turn into a

podcast and an email for actually 10

cents a day because like the community

writes them and I also write a couple

too when I'm feeling frisky and I've got

extra hours to burn uh I throw a few in

there that are normally very spicy and

interesting now let's look at the stock

market the last seven days the market is

irrational Nvidia showed off Bots Galore

yesterday and a Jensen hang video you

know live conference concert type thing

for

NVIDIA and the stock is down 2.74% for

the

week so I am convinced and we can see a

little bit of green no big moves Google

had a good rebound week

after the backlash of everything they

did before but I'm now entirely

convinced Wall Street has no clue about

AI AGI Bots or what is coming in the

very near future they have no clue but

you do and that means you're

ahead the me meroy thank you so much for

coming is that cc is that's Czech

Republic interesting currency I need to

check that up later now let's look at

Bitcoin NASDAQ correlation you can see

here despite Bitcoin being down it's

still up

63.2% over the last 90 days and by the

way the last 90 days began in the middle

of December so uh a lot has happened

since then and the cues are only up 10%

so we actually like it when there's no

correlation we don't like it when there

is correlation as well Ango thank you

for coming and another crazy news I

covered it again this morning so I won't

dwell on it

now Michael sailor did it again he went

out he took his spoke to the markets the

capital markets say hey give me your

cash I'll give you 0.65% interest to

2031 and then I'll give you the option

to buy some shares in

2031 you want to give me your cash for

no interest but the option to buy my

stock in the future and they say hell

yeah we will and now micr strategy owns

from hle 15 more than 1% of all Bitcoin

that will ever exist again I covered

this morning but really I think it's

kind of crazy to think that the funding

to blow another $600 million in Bitcoin

along with 30 million of excess cash

that mic strategy had they don't hold

any cash they're spending it immediately

on bitcoin and the cost of micr

strategies total Bitcoin Investments now

is about 7 and a half

billion and the current Mark cap is

exceeding 13 and half billion okay

they're up nearly

50% on their Bitcoin Investments and we

are early so this guy is going to look

like a hero as I always say wear your

seat belt if you own micro strategy

because it's a volatile ride and I'm

currently hedged I did sell some coals

against my position uh I think it's a

$22,000 coals for 288 bucks going out

about 40 days so we'll see it was a good

time to hedge but ready to cover them

real soon too now clean Spork another

interesting company clean spark is

heading to 17 xash on April 17th and

they are excited to announce the

construction of their recent doton

acquisition and it's nearing completion

and this will turn on a bunch more hash

taking them to 17 making them one of the

biggest players running the most

advanced and efficient Bitcoin mining

fleets in the world remember it's a

simple game all

right you got

to scale your hash as quickly as

possible with the most modern rigs that

are the most effective and efficient as

possible with the lowest energy cost as

possible the minor that does those three

together in simple terms wins Winner

Takes most and I can't wait to see how

this thing performs I know it's already

melted faces since two bucks and now

it's like 16 or something 1640 if I'm

not

mistaken I think it's going to go a lot

further so crypto Katana thank you for

coming long time no see and a little bit

of Tesla news too some interesting stuff

Happening Here Tesla Model Y is by far

the best OKAY model y units produced in

2023 1.37 courtesy of Sawyer Merit next

biggest car around the planet Earth was

Toyota Rav 4

989,50 the model 3 is ramping the new

one model Highland which is basically

you get about 60 to $7,000 worth of car

for

35,000 ask anybody even Jay Leno

couldn't believe how they were selling

it so cheap with so much in it crazy and

FSD is coming everybody who's gotten it

from Michael Dell to who knows who uh

are blown away by the human level of how

this AI drives cars in a humanlike

way not code neural Nets and it's

mind-blowing and uh as so Meritt says

here shock says the next 12x FSD beta

releases should bring unprecedented

progress Elon says it too and you know a

shock is very conservative he doesn't

exactly beat the drums on things but uh

it's going to be be incredible we are so

close 2024 is the year I'm 99% sure that

it will be cooked this year then we go

Gang Busters it's going to be very

exciting to be on the train and despite

what you read in mainstream media yes

and I know the petrol heads out there

they cringe it's like no we hate

EVS by the way I went to get a coffee

this

morning a lady that this massive

huge truck Ford truck with a an exhaust

pipe right about this big on the back of

it she went into the store and spent 5

minutes there left the car running and

the whole parking lot was just polluted

just from that

truck uh I think it's anyway off my

little soap box but EV registrations

accounted for 7.8% of the car market in

January 2024 versus

7.1% in

2023 and remember rates are high economy

is very shaky and that is a big jump to

go from 7.8 from 7.1 so we'll see

another fliping that's also happening

too uh sorer is on fire today uh shell

is to unload 1,000 gas stations and

pivot to EV charging we are upgrading

our retail Network and expanding

electric vehicle charging and

convenience offers in response to

changing customer needs it's happening

it's like uh owning a gas station soon

will be like owning a car dealership

there'll be too many of them and not

enough people using them

so fun story I nearly bought a gas

station in Brazil in the mid90s long

story we'll get back to that another

time but but it was it was between Bell

ronci and sa Pao and it was just

a complete Money Maker but that was in

the mid 90s things are a little bit

different now anyhow let's look at

Global liquidity still going up this is

crazy we had a big 50 billion last week

another 50 billion this week it's going

up which means it's going to bring all

the risk assets up that's why we watch

it carefully so everybody thank you so

much hope you enjoyed those 50 little

quick nuggets uh hit the like on the way

out appreciate the mods in the chat

thank you TD Tesla and a shout out as

well to meroy and everybody here Margie

and everybody else I will love you and

leave you and I'll see you see you all

later see you all tomorrow

[Music]

bye-bye