🔮 OCTA: Halving Priced In? 📉or📈?

Summary

The 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

00:00

🎉 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.

05:01

📉 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.

10:02

🚀 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.

15:03

💡 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.

20:03

🌐 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.

25:06

🔋 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.

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 discussion revolves around the pricing of Bitcoin, its market performance, and the potential impact of the halving event on its future value.

💡Halving

Halving is an event in the life cycle of Bitcoin where the block reward is cut in half, reducing the rate at which new Bitcoins are created. This event has significant implications for the supply dynamics of Bitcoin and is often associated with changes in its price. The video discusses the anticipation and impact of the Bitcoin halving on market behavior and investor sentiment.

💡Onchain Data

Onchain data refers to the information that is recorded on the blockchain and can be used to analyze the behavior of network participants. This includes transaction data, the age of coins, and the number of active addresses. In the context of the video, onchain data is used to assess the health of the Bitcoin network and to make predictions about its future performance.

💡Cryptocurrency Development Activity

Cryptocurrency development activity refers to the work being done by developers to improve and expand the functionality of blockchain networks and their associated cryptocurrencies. This includes creating new features, fixing bugs, and enhancing the overall performance of the network. In the video, the level of development activity is seen as a key indicator of the potential for growth and success of a cryptocurrency project.

💡ETFs

Exchange-Traded Funds (ETFs) are investment funds and exchange-traded products that hold assets such as stocks, commodities, or bonds and are traded on stock exchanges. In the context of the video, ETFs related to cryptocurrencies like Bitcoin have a significant impact on the market as they provide an accessible way for institutional and retail investors to gain exposure to the crypto market.

💡Stablecoins

Stablecoins are a type of cryptocurrency that is designed to minimize price fluctuations by being pegged to a reserve of assets, often a fiat currency like the US dollar. They aim to combine the benefits of cryptocurrency with the stability of traditional money. In the video, stablecoins are discussed in the context of their growing use in the payments ecosystem, particularly within blockchain networks like Solana.

💡Layer 2 Solutions

Layer 2 solutions are technologies or protocols built on top of a blockchain to increase its scalability, efficiency, and speed. These solutions aim to address the limitations of the base blockchain layer by handling transactions off-chain, thereby reducing congestion and lowering transaction costs. In the video, Layer 2 solutions are discussed as a critical component for the future of blockchain technology and its adoption.

💡Cloud Services

Cloud services refer to the provision of remote computing services, where various IT services and resources are provided to users over the internet. These services can include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). In the video, cloud services are discussed in the context of major tech companies like Amazon, Microsoft, and Google, and their role in the growing market for AI and machine learning.

💡Digital Power

Digital power refers to the influence and control that entities have in the digital realm, often independent of traditional geographic or political boundaries. It encompasses the ability to shape digital spaces, influence online interactions, and project authority through digital means. In the video, the concept of digital power is discussed in the context of the transition from geographic power structures to those based on digital dominance.

💡Ethereum

Ethereum is an open-source, blockchain-based, decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It has its own cryptocurrency called Ether. In the video, Ethereum is mentioned as a leading platform in terms of development activity and its repositories, indicating a strong and active developer community.

💡Solana

Solana is a high-performance blockchain platform for decentralized apps and cryptocurrencies. It is known for its fast transaction processing speeds and low fees. In the video, Solana is highlighted as a dominant player in the blockchain payments space and as a platform with significant developer activity and growth potential.

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

also worth subscribing for free because

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