WIADOMOŚCI ZE ŚWIATA KRYPTOWALUT 02.10.2026 Transcript, AI Summary & Key Points

00:03 Hello everyone, Filonieczny here. In today's video, we'll discuss the most important events that have taken place in the cryptocurrency world in recent days. But as usual, before we begin, please remember that everything you'll hear in this video is solely my personal opinion and is not intended as investment advice. So, let's begin. Currently, the market cap is $ 2.9 trillion, or nearly $ 3 trillion.

00:23 We've seen a slight decline over the past 24 hours, and Bitcoin itself is currently trading at $ 84,787. It's been slightly up over the past 24 hours. However, over the past seven days, let's just say it hasn't gained much. Looking at the Bitcoin chart over the past month, we see that for some time, roughly since September 23rd, Bitcoin has been stabilizing, trending sideways after the rather large increases we've seen and the recent double-dip.

00:57 Um, well, well, looking at XA, looking at various platforms that try to predict the future, it's interesting that investor opinions are divided. Some investors claim that Bitcoin is experiencing a slight pause before further growth. And the other half, very close to half, claims that Bitcoin will continue to decline, and even reach levels with the top five in front again.

01:27 And what happened was purely and simply a way to extract money from people who expect too-fast and too-large gains. Looking at it from, let's say, a technical perspective, Bitcoin has exceeded our 50-week high and also broken through a higher high, which I mentioned in previous videos. Also, from the perspective of, let's say, technical analysis, from the perspective of, let's say, analyzing charts, in this case, the cryptocurrency market, it means that we've already emerged from this bear market period.

02:06 When we have a higher high, it usually means that the bear market is over. And it works the other way around, too, when the bull market ends. What's more, we also closed a monthly candle. Yesterday, I waited specifically to record this video. By yesterday, we had also closed this, let's say, monthly period, a monthly candle, at a level above the May level.

02:32 Another thing I'd like to point out is that those who are still counting on levels with a five at the front, with a six at the front—y, I think they're being a bit inconsistent. Because, on the one hand, they're counting on these levels because the declines should continue, and, well, Bitcoin's bottom should have occurred in October. But on the other hand, if we wanted to be precise, Bitcoin's bottom should have been in five days, on October 6th.

03:05 Because if we look at the Bitcoin chart from this perspective —let's say from...well...maybe not the beginning, well, there's a high here, but it's not the calculated high, because it's not from the moment Bitcoin was created. But let's say at this high here on Coingeko, we can take a logarithmic chart. Anyway, looking at Bitcoin's behavior during bear markets, the declines typically lasted about a year.

03:32 Interestingly, in these two cases , the last two cases, they lasted exactly 365 days. The high occurred on December 16, 2017, and the low occurred on December 16, 2018. Similarly, here we had a high on November 10, 2021, and a low on November 10, 2022. So my point is that if we were to stick to this exactly, then considering that the high occurred on October 6, the low should also have occurred on October 6.

04:03 Well, what is it, like I said, in five days or even four days, depending on when you're watching this video? So now, what's the probability that Bitcoin, for example, will drop by $ 30,000 in five days? Of course, there's a chance, but it's very, very unlikely. I'd even be tempted to compare the declines that occurred right here at the end of the bear market.

04:32 These declines, which were caused by the events surrounding the collapse of the FTX exchange, were Bitcoin's magical collapse, right up to day 6, excuse me, November 10, when we should have hit a low of 20-something percent. Well, somewhere from around $ 20,000 to $ 15,000. You could say it was around 2325%. So even if I were to predict a somewhat demanding event, some sort of Black Swon, that would also drag Bitcoin down by a similar percentage, a drop from the current levels of 84,000, 85,000 by 22, 23, or 24%would

05:18 still drag us down to around 65,000 per unit. So, looking at it honestly, not only is there not enough time, but we could also say that some event would have to occur, some sort of Black Swon, that would drag us down even further than the collapse of the FTX exchange. And let me remind you, we were in truly negative sentiment here, and that was without ETF purchases.

05:49 Here, the ETFs are driving the price. So, of course, is it possible? It is possible. Is it highly probable? No. It's rather unlikely. And here, some people who want lower levels are already starting to talk about the potential bottom coming at the end of October, or maybe even in November. Sure. Okay, you can bet on something like that. But I'd also like to ask these people: does it make sense, um, because people who were chasing Bitcoin later because they didn't want to buy it when it was cheap enough, um, we knew at

06:26 every stage at the beginning of the bull market, when Bitcoin cost 3,000 and many people said it would be two, it would be 1,000? It turned out those levels didn't exist; Bitcoin started rising: four, drink. These people didn't want to buy Bitcoin because it was already cheaper. And then they caught it somewhere around 9,000 and 10,000 per unit, when Bitcoin dropped to 15,000.

06:47 If you've been in the market for a while, you probably remember these people shouting that it would be 12, 10. There were even some who said it would be 8, then it was 20. You can find these posts on my X, because I used to do surveys from time to time. At 20,000, these people said they were still waiting for 12, 8. At 25, they were also waiting for 12, 10, maybe not 8.

07:09 At 30, it was a very small group, but they were hoping that at least it would go back to, say, 20, and then they would buy. And these people were buying at 35,000. I would compare buying Bitcoin at around 80,000, considering that the bottom was around 60,000, to buying Bitcoin at 20,000, when the bottom was 15,000. Of course, from one bull market to another, Bitcoin grows less and less, but looking back and looking at it long-term, probably no one cried because they bought Bitcoin for 20,000 and not 15 in the context

07:48 of it reaching over $ 120,000 per unit. Um, and I think this risk reward for people who wait, that they have to buy Bitcoin cheaper at all costs, could backfire in the long run, because it could potentially turn out that they won't see it coming and squander the potential that's being projected over the next few years. Looking at what's happening around the cryptocurrency market, considering ETFs, considering pension funds, considering the possibility of more countries entering our cryptocurrency world, Bitcoin's

08:25 valuation in this cycle or in the coming years could be really high. I don't even want to talk about levels of , uh, $ 500,000 ares per unit, $ 600,000 ares per unit. And today I'll mention this at the end in the fortune-tellers section, because such predictions are already being made for the coming, uh, years, and the near future, right? For the next three years , yea, but even looking at the levels, let's cut it in half, Bitcoin still has the potential to make three x's.

08:53 And again, the question I think is worth asking, a sensible investor should ask themselves, is whether I prefer the bird in the hand in the form of these potential three x's or the pigeon on the roof in the form of four x's. Because really, this is a game for one x's. And now the question is: won't I regret it if it turns out that Bitcoin doesn't regress and I don't make three x's because I only wanted to make one extra?

09:25 I'd really focus more on whether there will be altcoins or not, because they offer much greater growth. If we don't scare the streets, if we have an influx of people who will invest through these traditional exchanges, or if cool ETFs for, let's say, these basic altcoins are created, then we can potentially see some greater profits here and accelerate our financial independence.

09:54 Statistically, at least that's how it's been so far, altcoins have grown five times on average, five times faster than Bitcoin. So when Bitcoin made one XA, altcoins made five times. When Bitcoin made three times, altcoins made 15 times. That was roughly the average of the top 100. So, yeah, invest however you want. I'm just trying to present my point of view.

10:24 Well, personally, I wouldn't be chasing a single XA. I'd be more interested in finding potential somewhere here, maybe in altcoins, if there's actually time for them in this cycle. Before we get to the world news, as is standard practice in every episode, I'd like to remind you about scammers impersonating me on various social media platforms: Facebook, Instagram, Telegram, and Discord.

10:49 That's not me, that wasn't me, and it will never be me. I don't have any of the other accounts listed here. I don't have backup accounts, because you often ask if I have a backup account. No, I don't have backup accounts. I only have these accounts. Today, I had an interesting situation: someone on Instagram called me a scammer on Discord, and I have my own altcoin pumping group on Discord, but I don't have Discord or any group on it.

11:18 I also know that there's a group on Telegram with supposedly 200,000 members called Filonieczny. That's not my group. I don't have Telegram either. I don't know how many times I have to repeat this until it finally sinks in. This is like the hundredth time. Apparently, it's not getting through. So all my official links are here. And that's it. Let's move on to world news.

11:44 Okay, so let's check out what's going on in the big world. And today's episode will be packed with information from this section. First up, Hormus, first up, our strait, which is causing our gasoline to go from 5.19 PLN to over 9 PLN. And well, we learn that it will potentially be opened within a few days. But with Trump, I've stopped paying attention to what he says, because it's completely pointless, and I especially wouldn't want to make investment decisions based on what he says, or even what's happening around him.

12:23 Because in this case, in this article I'm showing you, Iran stated that there's a chance it will be opened within seven days. But what did Trump do? Trump stated that he doesn't like this deal, this agreement, and that it probably won't be opened. It looks like we'll have oil supply problems, fuel problems in general, and energy problems in general for a long time.

12:56 It's also interesting that many European countries don't have sufficient reserves, don't have sufficient oil reserves, don't have sufficient gas reserves. Another interesting thing is that there's talk, and for now, whispers, slowly and quietly within the European Union, that countries with more gas, for example, should perhaps donate it as a form of solidarity to those without.

13:19 And you wouldn't guess, Poland, based on what's reported, has just about as much gas as we can have, as many as our storage facilities, so I guess they're 99%full. But the European Union is hinting that perhaps those countries with more should donate it to those with less. Well, it's quite funny that the European Union has caused us to close mines, we don't use coal, we don't generate electricity using coal, and we also have to use larger amounts of gas.

13:59 Now it turns out there's no gas. Well, they don't have it either, and they don't have it because of their stupid decisions, and because they don't have it, those who do have some should give it to them so that everyone doesn't have it equally. This brings back memories of communism, communism, and those, let's say, communist-era ideas. Let's all have nothing together.

14:19 Well, well, it's quite interesting. I've already mentioned in previous recordings that the United States has record-low oil reserves, and at the same time, record-high oil prices. Expensive oil, even if someone has an electric car, even if someone has a gasoline-powered car, well, expensive oil will still affect them, because expensive oil means expensive transportation, expensive production, and therefore high prices for various goods and services.

14:48 And after this news about the potential opening of the strait, we see that oil prices have recovered. Currently, it's priced at nearly $ 93/are. At some point during peaks, it reached around $ 105,106/are. Now, as I said, it's at $ 93. But again , because Trump stated that he doesn't like these conditions, we're seeing a slight rebound from levels with a figure eight ahead.

15:14 Well, here it was somewhere around, well, let's say, that figure eight has appeared. I think these problems will persist for a while , and we could potentially have a rather unpleasant winter, and then, as a result of the consequences, due to expensive oil, expensive gas, and expensive electricity, we'll have very serious problems in the spring when it comes to food and prices in general.

15:38 A separate video is about this potential crisis. I'll record why I see it, and I'll cover it very closely, separately, as there's already enough material here , and I think I'll leave it at that, as there's no point in extending this section. Moving on, here's the price of diesel fuel in the United States. It's at a record high, and I don't want to drop from that record level.

16:08 The average there is around $ 6.50, but there are states, like California, if I remember correctly, where gasoline can already cost over—excuse me, diesel can cost over $ 8 a gallon. These are truly very high prices, which will lead to the general collapse of businesses, the collapse of companies, and the collapse of transportation. And those companies that don't go bankrupt will, let's say, pass on prices to their products and services, resulting in high prices in stores.

16:46 The issue is so serious that Trump is even considering a complete ban on diesel exports from the United States. This already shows that things are rather bleak there, and he himself doesn't expect the Iranian issue to be resolved anytime soon. On CNBC News, we can find a very interesting chart showing the spike in oil prices, and fuel prices in general.

17:15 But here, we're more interested in oil from an economic perspective. And interestingly, it turns out that oil prices in the United States have increased by nearly 100%in just one year. We can also run this chart on a one-year basis. And you'll see it more clearly. Just a year ago, diesel fuel cost 3.71, now it's 6.39. Well, close to a 100%increase. This must translate into transportation.

17:43 Transportation must translate into the cost of, uh, products. Diesel fuel also doesn't translate into production, and all of this impacts people who are losing their jobs, people who don't have money , who have less and less of it. All of this impacts the growing debt of the United States, the increasing debt service burden on the United States, which is already the second largest burden in this country.

18:11 And since we're on the subject, let's touch on this topic. We have a cool website that shows us how it all breaks down in the United States. And it turns out that debt interest alone in the United States is second only. The United States is currently spending more on interest on debt, which belongs to who knows who, than on healthcare, hospitals, or national defense.

18:41 So, that's quite interesting. Now, considering that interest rates may be raised, the percentage will be even higher. Considering that we will have this debt, which will continue to grow, it may turn out that the United States will soon be the country that will, well, be the first to pay interest on debt, on this fiat currency. In the long run, this only shows us that gold, silver, Bitcoin, well, in this longer term, make sense.

19:15 The fact that we have a limited supply of gold, silver, or even Bitcoin, the fact that it can't be printed, and the fact that this currency will lose purchasing power, and therefore, and because of this high inflation, Bitcoin itself should be valued higher. Considering that more and more people understand how this money works and will want to somehow protect or save their, uh, assets, and, well, it may turn out that we're still relatively early in this Bitcoin experience, and people wondering whether to buy it for 80

19:53 or wait for 70 or 60, or even people who come to this market at 100,000, will be considered lucky in a few years for having bought it exceptionally cheaply. We can imagine people who didn't want to buy Bitcoin at $ 3,000, then at $ 4, $ 5, $ 6, $ 7, and then bought it at $ 8, feeling bad about buying it at $ 8. Today, it costs 80, 10 times more. Considering Bitcoin's potential and the fact that it could reach levels of $ 800,000 per unit, $ 1 million, $ 2 million, $ 3 million per unit, it's exactly the same percentage.

20:30 People who buy Bitcoin when it already costs $ 800,000 per unit will look at those who buy it at $ 80,000 today, just as people today look at those who had the opportunity to buy it at $ 8,000 per unit. Perhaps finishing up with the United States, let's move away from economics for a moment and move on to the cryptocurrency market itself. We learned that in Illinois, where, by the way, I spent a year of my life and where such a draft was created, an idea was developed to tax all cryptocurrency transactions, regardless

21:09 of whether they result in profit or loss. It's quite an interesting idea to take people's money. We already have similar solutions being implemented in the UK, for example. We have a tax on crypto transactions. We have another stupid solution in the Netherlands, like the one I mentioned earlier: a tax on unrealized profits, so this kind of stupid idea could definitely pass.

21:41 However, I think it's unlikely at the moment. Not as long as we have Trump. I think this bull market, considering, say, the next three years, is relatively safe. Even if he loses the midterm elections. We could end up in a situation similar to what's happening in Poland, for example. So, we'll have a president on one side, and then all sorts of clickbaiters somewhere in the Sejm, in the parliament, and they'll just argue with each other.

22:10 Contrary to appearances, this could even be positive for the cryptocurrency market, because both sides will be locked in, and some certainty in the market could lead to growth, because we'll be sure nothing will happen. Neither side will introduce anything, nor the other will introduce anything. And this could even be enough until the end, the tail end of the bull market, to higher valuations, and to a level where Bitcoin will be considered overvalued in the short term.

22:45 Okay. Well, we could have a situation like here in Poland, where, well, cryptocurrency was used to play a political game, trying to fight the other political party. There could also be similar scenarios, such as summoning Trump's children to various hearings. Why was Melania Coin created, why was Trump Coin created, and they'll want to fuel this negative PR?

23:12 But I think it'll be limited to the United States, and it won't be strong enough to scare off, say, ETFs, which could push this market to higher valuations in the long term. Well, because Black Rock or similar companies are behind it somewhere. In any case, potentially even a Trump defeat could help us in the long run. And since I mentioned ETFA, we learned literally just a moment ago that ETFs turned positive for the first time in 2026.

23:49 ETFs began selling in line with their cyclical pattern. On October 6th, the amounts of bitcoin held within ETFs began to decline, as I'll show you in the interesting facts section. And the amounts of bitcoin held within ETF addresses just kept decreasing, decreasing, decreasing, decreasing, and that's more or less how it continued throughout 2026. And these recent purchases, which began and ended simultaneously, and at least that's how it looks, without breaking through all the resistance lines like the 250-week mark,

24:28 breaking higher highs, have caused these purchases to result in, for the first time, a positive amount of bitcoin in ETF addresses in 2026, meaning a positive number. So, we can say that for the first time, we have a positive, as they say in the United States, amount of bitcoin for 2026, which simply means that more of these ETFs were bought than sold.

24:52 And this number of ETFs, the amount of bitcoin within ETF addresses in 2026, is growing. We have conflicts around the world, blockades of the Strait, expensive oil, and increasingly expensive products in stores and services as a result. Electricity is becoming increasingly expensive in Poland, probably one of the most expensive, if not the most expensive.

25:18 We have shortages of gas supplies, and a potential crisis is just around the corner. We have job losses due to AI and robotics. Factories across Europe are seeing massive layoffs. Meanwhile, the European Union is currently working on a new type of bottle. It's all because of EU regulations. The changes that have surprised consumers in recent months are just the beginning.

25:42 After the mandatory, attached caps, it's time for another visible revolution. Plastic bottles may soon look completely different. Does a less transparent bottle mean lower quality? What's behind the new European Union regulations? Also in times of crisis, in times of inflation, in times of ever-increasing debt, in times of armed conflict, in times of expensive raw materials, and yes, the European Union is currently working on a new type of bottle that will contain a bit more recycled plastic, which will make our lives

26:19 better. And since I mentioned inflation, you can find an article on bankier.pl from yesterday that has bad news for wallets. Inflation will spike again and exceed the National Bank of Poland's target. And on top of this rising inflation, which means a decline in the purchasing power of our money, comes another factor: consumer bankruptcies, which are reaching record levels.

26:45 New bankruptcy rules are already in the Sejm (lower house of parliament). The number of bankruptcies could increase by 24,000 this year. A record number is very likely if the current pace of consumer bankruptcy filings continues. Now imagine adding expensive oil, more expensive electricity, and more expensive gas— and that's production, of course. On top of all this, we'll add even higher taxes.

27:14 In fact, the coming months will be even worse. We could add the collapse of many businesses. We could add the layoffs of many people due to AI. Those who are unemployed won't buy, and if they don't buy, more businesses will go bankrupt. Most importantly, however, we'll have a new type of bottle in the European Union. Generally speaking, stepping aside for a moment, a little off-topic, sometimes I wonder why we live in such messed-up times, as if this were some kind of joke, as if someone were trying to make fun of us.

27:53 People often say that Bareja couldn't have dreamed up something like this. But it's true. If Bareja had wanted to make some crazy comedy, or if we wanted to make a comedy in the style of Monty Python, completely crazy, it would have been really hard to come up with things that, in theory, aren't comedy, but are fact. In times of crisis, in times of armed conflict, politicians are thinking about what a new bottle should look like.

28:20 Our politicians want to build swamps for hundreds of millions of zlotys. We wonder what kind of kennel, what size kennel a dog should have. We just learned that Wałęsa was illiterate. These kinds of things shouldn't happen in a normal world. They do, and people are generally okay with it. It's quite interesting. But without further ado, let's move on to the interesting facts, i.e., let's check out the most interesting events and news from the past few days.

28:50 First, let's continue the topic of ETFs, as I mentioned that ETFs magically, in line with cyclicality, as if they were playing to this very cyclicality, began giving us back bitcoin, and they started giving back those bitcoins exactly on October 6th, which marked the Bitcoin peak. And the interesting thing is that they started buying Bitcoin for us around August, and from that moment on, Bitcoin began to rise.

29:20 So thanks to those purchases I mentioned, we're already in the black in 2026. Well, if we were to look somewhere here, and the beginning of the beginning of the year, where we have the beginning of the year, we were somewhere around that level, and at the same time, we just broke higher levels for the first time. ETFs themselves have been buying for us recently, and interestingly, they're buying more and more.

29:45 Or at least, these buying peaks are getting bigger, and we can see that we're clearly climbing higher and higher each week. This is also a positive sign, showing that in the long run, things should be really good, considering how much ETFs bought Bitcoin this cycle. If we add to this the fact that more institutions will be entering, more funds, perhaps pension funds will finally join us, and considering that at the same time, we'll be seeing half as many Bitcoins appearing for all of this, and the amount of Bitcoin on

30:19 exchanges is also decreasing, then Bitcoin's growth potential is truly enormous in the coming years. Moving on to the topic of the impending crisis, we learn that Tesla is opening a new factory. A factory where it will build autonomous semi-trailer trucks, i.e., autonomous trucks. And what scares me personally is that 50,000 such trucks are supposed to be built per year.

30:45 Well, what does pi times the door mean, 1,000 such trucks per week, considering that a year has 52 weeks? And according to how I look at the world and the economy, that means 1,000 drivers per week will lose their jobs. Well, well, if we have 50,000 trucks per year and that's the demand, because that's the production, and it's calculated on some basis.

31:11 So if we have production at the level of 50,000 automated trucks per year, then for me that means 50,000 truck drivers will lose their jobs per year. And I think it will only accelerate. We see that Tesla's driverless taxis are already driving without any problems. You can find videos on YouTube where you can simply order a taxi. The Tesla arrives without a driver.

31:38 This car doesn't even have a steering wheel. Um, so looking at this, uh, that this technology is accelerating exponentially, uh, well, I can't really imagine why we'd be doing well and why this crisis wouldn't happen if we put it all together. After all, that's 50,000 more jobs a year, at least, unless some Chinese companies join in and produce this kind of equipment, which will be lost somewhere, right?

32:17 That's 50,000 people who won't have any money. Now, what's a truck driver going to do if they've been driving for 20 or 30 years? What's a truck driver going to do now who's 50 years old and theoretically has 15 years left in their career, and has been driving for, say, 20 years, and that's the only thing they've done? They're supposed to become some kind of AI expert, start coding.

32:41 What kind of job is that person supposed to get? Sooner or later, this type of problem will affect a very large segment of the population— drivers, taxi drivers. Yes, because here we're also talking separately, in addition to trucks, drivers in general, taxi drivers, all the people who drive for Uber, and so on. What are these people supposed to do?

32:59 What is a 55- year-old taxi driver or a 60-year-old taxi driver supposed to do in the last five years of their career if, for example, they lose their job at age 60? Should they start programming now, build some AI agents at age 60? What will happen here? This will certainly be very interesting. I can only tell you that this is not the time to waste money.

33:26 This is the time to save money, invest wisely, and multiply it, so as not to wake up with your hand in the pot. Moving on, we learned that the Secretary of Defense in the United States owns Bitcoin. We learned that he still keeps it on his Coinbase wallet. This is according to his financial statements. He owns somewhere between tens and tens of thousands of dollars in Bitcoin.

33:49 Tom Lee, on the other hand, owns more ethers than Bitcoin. He recently bought 17,362 ethers, which automatically made him the owner of 6 million ethers. Maybe not him personally, but his company. Nevertheless, this man is betting heavily on Ether. He's quite an interesting person because he missed most of his predictions. And of those last, let's say, last few years, he didn't miss a single one.

34:17 Maybe he was a bit more successful in earlier years. And what's interesting is that he's betting on Ether. By the way, he claims that Ether will reach 60,000 dollars per unit. In the case of Bitcoin, we also have a problem: a problem that needs to be monitored and may be growing, as Bitcoin's hash rate has been declining for some time. This means that more and more miners are abandoning Bitcoin mining because it's becoming less profitable.

34:44 We still have a potential halving ahead of us, which could mean that if Bitcoin doesn't grow enough, it will be even less profitable . The hope here is that some miners might actually say, "I'm going to screw this market, I'm not selling." Miners are both miners and speculators. For this business to function, we need to speculate a bit, selling less at lows, a little more at highs, and holding on a bit when we see potential.

35:13 It's not like everything you mine will sell immediately. This could potentially help us in some way. These last bitcoins that will be mined won't be readily dumped, let's say, on the market, until the price rises sufficiently. Because, well, it turns out that for many miners, mining Bitcoin is no longer profitable, and it's much more profitable for them to donate their computing power to artificial intelligence.

35:41 It turns out that contracts are signed with various companies for 15 or 20 years. The fees are already set in advance, so there aren't any major problems with that. And instead of bothering with, um, Bitcoin mining, miners decide to hand over their computing power to artificial intelligence, and because of that, let's just say, the network's security is declining a bit.

36:08 Well, maybe it hasn't dropped significantly over the three-year period. It might not seem terribly dangerous, but when we click "all," we'll see that the hash rate has dropped like this for a long, long time. Well, if we get a rebound, if the Bitcoin price keeps rising and we keep going up, well, no big deal. But if it turns out we're going to keep going down, down, down, then that contradicts what Bitcoin could be, or should be, at least a little.

36:40 And it may soon turn out that with this drop in Bitcoin's hash rate, we will have a very heavily centralized Bitcoin, which also limits security, which also increases the chance of a Bitcoin hack. For now, there's no tragedy. Of course, even if we look at it this way, we're at exactly the same hash rate level as, say, a year ago, so it's not a tragedy.

37:11 There's no tragedy, but if, let's say, this decline continues, things could get dangerous for us, as I said, at the end of this section, two rather interesting pieces of information, perhaps a little amusing, perhaps a bit revealing of how the world works today. First, we learn that Lloyd's is boasting that it will now conduct international transactions, including visas, using stable coins.

37:33 And why are they talking about this? First, they're talking about it because it's a bank, so the bank boasts about using blockchain technology and stable coins. And second, I'm talking about this because it's my bank. Well, I don't own this bank, but I use it. And I also used this bank for many years as a full-time employee. And interestingly, it was the first bank in the UK to terminate people's accounts, to close accounts simply because they were investing in cryptocurrencies.

38:01 This bank told people how they could spend their own money. And if you told the bank you were investing in cryptocurrencies, your account would be terminated. And now it turns out that the same bank that terminated people's accounts, the same bank that prevented its own clients from participating in the development of blockchain technology, is now boasting after a few years that it uses blockchain technology and will now conduct transactions using stablecoins.

38:31 And another popular bank in the US and the UK is joining it: HSBC, which is creating its own stablecoin, which will be called RedCoin. Let's move on to our stock market section. The most important news is that another stock exchange has been hacked. This time, it's the Bitget exchange. Well, this article says it was hacked for $ 170 million. In reality, the hack was twice that amount.

39:01 And again, why am I mentioning this? I use every opportunity I can to remind you not to keep cryptocurrencies on exchanges. Exchanges aren't banks, they're exchange offices. And just like if we want to buy dollars, we go with Polish złoty, exchange the złoty for dollars , and then take those dollars with us; we don't leave them at the exchange office.

39:23 It works the same way with cryptocurrencies—as the name suggests , currencies. And if we want to buy Bitcoin, we deposit our złoty, buy Bitcoin, and don't leave it on the exchange; we take it with us to secure wallets. We don't keep cryptocurrencies on any exchanges. On average, an exchange goes bankrupt every month. Every few weeks, an exchange is hacked, large or small.

39:48 This time, it was Bitget. Well, it claims it will return the money to its customers. These are hundreds of millions of dollars. But what if he didn't pay it back, what if he went bankrupt, what if he was hacked , let's just say completely, and suddenly it turns out we're in for a potential bull market, three years of growth or more, and you don't have your funds because you were lazy enough to keep them on an exchange?

40:10 So we don't keep our funds on exchanges. It's also worth praising the actions of various other exchanges, as we learned that other exchanges cooperated with the above-mentioned one to track these funds, preventing them from affecting other exchanges and being withdrawn. Here, for example, the people at Babita stated they were cooperating. They wrote that they were cooperating with Bitget, just to limit the potential for hackers to withdraw funds.

40:38 Meanwhile, in the United States, Coinbase can now legally settle derivatives, having received approval from the CFTC. There's a bit going on with the cryptocurrency market in the United States. The Clarity Act hasn't passed, but they've just stated that neither the SEC nor the CFTC will act to ensure this industry develops in the United States. And we're seeing the first signs, like this Coinbase license.

41:05 And finally, your favorite section, the Bitcoin section, where various analysts and forecasters predict project valuations for the initial launch of Tomle, as I've already mentioned. Tom Lee, who just bought another stack of Ether, claims that Ether will cost as much as $ 60,000 to $ 0.000 per unit. Other analysts claim that in this bull market, the price of Bitcoin will reach $ 500,000 per unit by 2030.

41:34 Mike Nowograd, in turn, claims we'll see 100,000 this year. Peter Brand ups the ante and claims that Bitcoin won't reach $ 500,000 by 2030 or 2029, and won't even reach $ 600,000. Is that highly probable? Considering the potential purchases of ETFs, the entry of pension funds, and perhaps people realizing over the past three years that money is getting thinner, we could see quite high valuations and a much bigger boom than we might have expected .

42:14 If this were to potentially coincide with a decline in the number of Bitcoins on exchanges, with this so-called Bitcoin supply shock, and it were to hit us now, well, there's a chance. But even realistically, as I told you, let's divide it in half. Let's divide these predictions in half. If we divide them in half, we have the potential for a three-fold increase from these levels.

42:36 And now for the question from the beginning of today's recording. Is it better to have three times the value in your pocket, or four times the value and wait for lower valuations at all costs? One investor who's waiting for Bitcoin to fall is Chiffi on Xie, who stated that the recent gains were nothing more than a trap for bulls, for people hoping for quick, immediate gains.

43:01 And now we'll have declines and a purge of those who are longing. According to him, we'll see 85, then 81, 78, 75, and then 70,000 per unit. And that's it. I hope you enjoyed this video, found it useful , and saved time. If so, of course, give it a thumbs up. Check if you're subscribed to this channel and have the bell clicked, because I'm learning that YouTube is removing these bells and unsubscribing from you because YouTube knows better what you should be watching.

43:34 And of course, please also write a very long comment for a better algorithm, for better positioning of this video, because it will help more people see it, and that will be good for all of us. Thanks again for listening. Until next time. Best regards. Bye.