Bitcoin at Crossroad: Breakout or Election Trap? Transcript, AI Summary & Key Points

00:02 Welcome back to Cryptos are Us. I'm George. We're all George. Welcome to another market open stream. We welcome November. Where is it? Upvember, pumpvember, whatever. Moonvevember. Let's talk about what to expect this week and this month. Is Bitcoin going to break out or is it being trapped? So, let's talk about these things and more. All right, let's do it, guys.

00:46 Let's do it. Welcome, welcome, welcome. We are starting out a day right under $78,000. A little bit better than 76, but still well below our 80s, 81, 82 that we were at. And this happened, of course, last week. We had a very bad week last week, but primarily led by that hack. And that is still ongoing right now in terms of trying to figure out how to stop the hackers from cashing out and other things that they did.

01:26 So, we'll see what happens this week, but obviously that caused a massive massive scare. Lots of liquidations, lots of selloffs, lots of withdrawals. On top of that, we had a tech selloff, too. So, it wasn't pretty last week. It wasn't the last week of October. Was not pretty, but we are in a new month and we have midterms coming up in less than a week and we are starting out the day in green, all green right now, which is really positive.

02:07 Uh, oil is coming down in a big way, down like 6% today. Okay. because of this comment that the US and Trump wants to end the war peacefully even though there's been a lot of threats, okay, about new attacks and now there's talks about using nukes. I don't know where that came from and I don't know why the US would ever ever consider using a nuke. It just doesn't make any sense in this case.

02:42 We wouldn't need to, but seems like both sides still trying to figure this out. And when this comes to a conclusion, it's going to be great for markets, right? So, uh, so that's one of the reasons why market is doing well. It could be a could be a relief bounce too because of last week. But also, we got a lot of other stuff to look forward to, including a big a big earnings report from Apple.

03:21 That's today. And then you got some others, okay? Uh like Marriott and stuff, but no one really cares. But AMD is reporting tomorrow. And then you got if you go down a list like Cisco, well that that's next week, but I guess just AMD and Apple. Whether they beat uh beat expectations will definitely lift either one will lift up the tech market and there's others to look forward to afterwards.

03:54 But I mean other uh other companies that MetLife Insurance, All State Insurance, Fizer, I don't know if anyone really cares about them, but we'll see. We'll see. So, yeah. So, we got that to look forward to. Who knows? Maybe Apple like breaks all records again. They seem to just, you know, the Apple heads, the loyal Apple people will just keep on buying new iPhones and keep on spending even though Apple's not in AI at all, but AMD definitely is selling as many GPUs as they can.

04:34 And there's others that will be reporting this week. And then we got couple economic data. uh jobs opening on Tuesday and then a payroll unemployment report coming up on Friday. So those things those things could affect markets too, but it could be in a positive way. If they can't if they come in weaker than expected, then it's going to help the markets, right?

05:06 So it's one of those things. If it comes in extremely weak, probably not going to help the market. But if they come in stronger, then it's not going to help the market either. So, what we're looking for is some weakness, but not too much weakness and not too much strength. So, that's what we're looking forward to. And we could probably get it. So, those are things that we're looking forward to this week.

05:27 And of course, we got the big midterms coming up. And I got some charts to show usually what happens after midterms. But yeah, last week we saw due to the hack, due to tech selloff, we had a major exodus of Bitcoin ETFs last Friday, minus 643 million, which sucks, but still overall we're net positive for last 30-day and last 90day. More importantly, uh, ETH had another minus 155 million.

06:10 Soul minus 11 million. XRP somehow got positive. Um, but horrible, horrible Friday and all last week. Again, like I said, just the timing and everything. So, it was a perfect storm of just badness. But, we're past that. We're in a new week, new month, and things can certainly turn around. Uh, and you know, I said this in my video yesterday, but if you put things in perspective, it's it's actually not as bad, right, as you would figure when you have a 6.3 billion hack, which is enormous, and then you have Binance losing

06:58 another $3.6 billion with withdrawals. You're talking about a large amount of money. Okay. over 10 11 billion dollars. But despite that, we fell down a little bit. You would figure we would fall down a lot more than that. I mean, just look at when some of the black swan events happened, you know, some of the other exchanges or bridges, you know, that went under or hacked.

07:28 We saw way more volatility than than now, right? And even with the ETF outflow, if you put it all together, it's actually way better than expected. Like honestly, if you put it all together, it's Bitcoin is strong. Way stronger than previous cycles, that's for sure. If all these things happened in the last cycle, we probably would have dropped like 30% instantly, but not this time.

08:00 So, it goes to show you there's a lot of support, a lot of institutional support. They're not making rash decisions like a lot of people, okay? Even though they are selling and stuff, but they're not like just dumping it all because of this. And of course, we have the ones that continue to buy and hold, which is the the right move. Sailor uh bought this week 811 Bitcoin and repurchased 28 million stretch and I think this week this week or this I think it's this week all strategy preferred shares pay daily dividend

08:42 daily dividend so could be very attractive for Wall Street investors right so that happens this week, I'm pretty sure. But the buying continues. Brian Armstrong, Coinbase also said they just added Bitcoin. Now they hold 18,000. So there are a lot of obviously Bitcoin treasury companies that continue to buy, but a lot of holders, a lot of institutions that continue to hold on DCA along the way.

09:15 That is why Bitcoin is so strong. And of course, long-term holders, too. Good stuff. Good stuff. Now, as for midterms, Bitcoin is holding on a few things like its 100 day moving average. Okay? And again, despite it all, the tech selloff, ETF outflow, the hack, and everything, we're doing very well. But here's the thing. What happens after midterms? This is what happens.

09:58 The last three. Okay. The last three, you could see what normally happens is good, very good, very positive. You go back to 2015 afterwards, little little sideways movement and then we went on a tremendous run in 2018. What happened? We had a huge recovery went sideways a little bit. COVID happened. But again, you could see the overall trajectory was much higher.

10:45 Okay, we went from 3,100 to 69,000. And the last time we had it, we went sideways for a little bit and then boom, we went from $16,000 all the way up to $126,000. So, are we going to see the same thing again? Right. Actually, you look at it every time. Every time you end up actually bottoming right around there, but you know, it might be a little might be a little different this year, but who knows, right?

11:31 They say history doesn't always repeat, but it tends to rhyme. And for the last three, it's been very, very good. Very good. It signals the bottom and then we start a huge recovery. So, can this carry us into the new year into 2027 in fullblown recovery mode? Breakout mode. certainly could happen. If you are a betting man or if you're on Clash Picks trying to make a prediction based on history, you would bet that we're going upwards, right?

12:15 Or predict I should say. Um, so yeah, so we got this to look forward to. Few other things. Yeah, even though everything has happened, we're above the 100week moving average. We're above the 50week moving average. So, Bitcoin is holding strong and maybe after midterms we start moving like this where we start recovering. We're still in the buy zone or the oversold zone or or recovery zone, right?

12:53 They're waiting to break out from that 70, no 87,000. Then we could head back into 90s, 100 very quickly and then that's when we start really moving. So looking forward to it. Looking forward to it. Outside of that, uh really not much else. Salana continues to do very well in terms of all the metrics at revenue, DEX volume, stable coin, market cap, everything is up up and up.

13:36 One of the reasons why I like Salana and they have institutional interest and they just upgraded so their chain is much faster, right? So good for Salada. Uh yeah, that's that's pretty much it. Uh a lot of still AI news. A lot of big models waiting to be released, including from Open AI. They're trying to get another 20 billion in new funding round.

14:07 They just closed one at 30 billion, evaluating them at 1.25 billion. and they're trying to get another 20 billion from Abu Dhabi, right? So, it's the thirst is is tremendous for AI. But in terms of models, there are supposed to be like three major new ones. If you look at the AI leaderboard right now, it's pretty much all dominated by Claude stuff. I mean, Claude stuff is just really good.

14:36 Uh some of the benchmarks are skewed or benchmaxed as they say, but Opus 55 no doubt is the best model there is. Fable 51 is really really good. Sada 55 is also very good. Um but you have Gemini and then you have GBT models like Astra and Soul. Kim just came out but honestly that's benchmarks to the moon. Um but GBT or OpenAI supposed to come out with 6.2 two Astra this week is supposed to be amazing.

15:07 I hear Opus 5.6 and Fable 5.5 are going to come out this week. Gemini already announced their Gemini 4 Carbon, which is supposed to be excellent. That may be coming out this week. So, this week we may get some huge AI models to come out. I'm looking forward to it. All right. That's pretty much it. Today is very very very green. Very green indeed, which is good.

15:40 Let's see if it translates to crypto. Uh, and looking at overall watch list, it's not everything. A lot of tech is still down. A lot of tech is still down. And Coinbase is down, which is weird. They're still down like 2% even though Micro Strategy is up. Google and SpaceX are up. But still vastly lower than before. What happened? There we go. So today is more like a Dow day, not a NASDAQ tech day.

16:21 All right, let's do some Q&A. Oops, wrong button. Yeah, honestly Salana should be a lot higher. We were just at like 115 or something, 120. I I don't think we hit 120, but Salana should be much higher based on usage, based on volume, based on revenue. It's the number one chain by far. So, it definitely should be better. But you know what? It's okay.

17:44 When things are down, that means you have more opportunity to load up and DCA. That's really the best way to think about it, especially with the good projects. Thoughts on hype? I like hype. I think I don't use it. I try not to play with leverage, but I think they're going to dominate really. They got the liquidity. They got the users. They're coming back to the US.

18:41 They're working with CFTC. I mean, and they got a great flywheel effect. So, I think I think they'll do very well. Is Clash World going to have day and night? Yes. Yes. But it won't be the same. It won't be one for one because then it'll be too boring. Uh it'll it'll have a celerated day. I don't know what that is, but it will have a celerated day. If I made a one to one where it was like just one minute equal one minute, a lot of people may not, you know, they might not want to spend time uh waiting hours for

19:29 something to happen or a whole day for something to happen. So, but it will have day and night. It'll just be much quicker. Will the hacks lead crypto space become centralized or more regulation? Why would it be more centralized? It would be less centralized. All the hacks are happening with centralized places like exchanges that have a lot of liquidity.

20:11 If the hacks do anything, they will make the the the ecosystem more decentralized. My biggest question when it comes to the future of any crypto is what is this technology doing today actually to prepare for quantum computing. No one's preparing for quantum computing because it's not here. You can't prepare for quantum computing. When it's ready, things will be built really quickly.

20:49 Um, but right now no one has access to it and it's not ready for prime time. But when it is ready for prime time, that's when it gets scary because that's when you combine AI with quantum computing and then you create a god level AI. So I'm actually hoping quantum computing stays stays kind of dormant for a while. Okay? because if we accelerate I'm sure they're they're using AI to accelerate quantum computing advancements but you know I think we got other stuff to worry about like treating disease you know wiping out

21:31 cancers and all this stuff which you know advancements in medicine I know that they're working on that would be huge and then other stuff that we But yeah, so yesterday I showed a demo of uh Clash World. So then I I started uh working on porting everything over to Unreal Engine and Unreal Engine makes everything look 10 times more realistic. Man, when it comes out, it's going to be good.

22:08 It's going to be really good. I mean, you guys saw the vastness of the city. Like, I I haven't come close to exploring the whole city. I jump from place to place to kind of double check things to make sure there's no errors and stuff. And there are a lot that I'm catching, but it's going to be so big. Um, but once it's upgraded to use Unreal Engine, it's going to look like lifelike.

22:36 It's going to be insane. it could actually compete with GTA 6 in terms of visual quality. Um, the only downside is you have to install it. But if you're go keep Clash World on in the background forever running because you have a business or something, then it makes more sense to do that. But I think you can also run it from a browser too. You just can't leave it on forever.

23:02 But I'm will figure that out. Yeah, something exciting. Pretty exciting. getting to the point where I'm almost close to squashing all the bugs and then I could start working on missions. Doesn't seem like there a lot of questions. See like there a lot of questions today. It's not going to be next summer, man. It's not going to be next summer. It It'll be done within a month.

24:16 Um, plus with the newer models coming out, I'm hoping that Opus 56 or Fable 55 comes out in the newer GPD models. Every model released now, you get more done. So, we'll see. We'll see. I think within a month I should be able to get done. I mean, GTA 6 PC doesn't come out until next year, like February, right? right? They're selling on console, but they're delaying the PC release on purpose because I don't think they want people to reverse engineer what they have.

24:49 Um, but people will figure out anyways. But, uh, yeah, I I'll have Clash Roy out before G6 on the computer for sure. Another game, Front Line, added a whole bunch of other stuff, too. So, people that haven't played yet should really do it. Added a whole bunch of new things, new looks, new weapons, new maps. So, here got you got good looking women in the game now.

25:38 You got some crazy looking armor in the game. Um, there's a whole lot of stuff that I added and I'm go work on campaign mode soon, too. So, if you guys haven't checked out front line, make sure you do so. Very fun. Very fun. I'm still trying to get the word out on this, too. Trying to do more ads, get some more influencers to talk about it, but it's tough.

26:06 It's like all these gaming influencers, all they talking about is Modern Warfare or Battlefield. It's hard to get them to try something new. But slowly and surely we're getting more and more players every day. So, this is also pretty good. It's actually a really good game. Really good game. Have you considered investing in local infrastructure so you can have Opus 5 capability locally unlimited?

27:07 You know what? After you use the Frontier models, Josh, the rest are all garbage. You know, I can't especially with game development. Can't use them anymore. It doesn't matter how cheap they are. It's like I I need I need that intelligence. So I I understand why I understand why like now like before I didn't because before when you're coding like regular stuff you code a website and code whatever you don't need frontier intelligence you really don't you midle low can do whatever but when you're trying to do intensive

27:49 intensive like modeling 3D modeling and designing and stuff it really takes is a really smart model. You can use a cheap model all day long and they will just won't get it. Like to replicate a fire for example or a fireball or smoke coming out of fire, you try to use a lower model, it just it can't do it no matter how long you you give it. So I no longer care about that.

28:13 And also the cost perspective and I was just looking at it to buy hardware to run your own AI makes no sense at all because these new models are so cheap with a subscription. It it makes no sense to get your own hardware. Um so the answer is no. I used to like I used to uh look uh to see, you know, how much uh like um like a 5090 was or like a R 9700 from AMD or something.

28:53 Kept thinking that I was go do some some local video generation or getting uh Nvidia Spark to run local models and stuff. Now I'm just just realized it's pointless. It's pointless. Why don't you make a game for YouTube playables? What's What's YouTube playables? You could just play on the browser for Frontline. Why Why do you need to go to playables?

29:29 I'm assuming that's kind of like a YouTube game store or something. I think when Clash World comes out, I'll I'll I'll put it on Steam. Um, but yeah, Front Line, I heard people put browser based games on Steam, too, but there's other like platforms you could put on and stuff, but I don't know how that's going to work, especially with crypto integrated, with wallet integrated.

29:57 I'm pretty sure they're all gonna be pretty iffy about it. You could rent really cheap like for development. I have a couple boxes rented um and those are dirt cheap. So if you're go do like if you're going and get any hardware for development, just rent it. So, I have two like boxes, one with a 3090 and one with a 5090 rented. And I'm paying like anywhere from 35 cents to 60 cents an hour.

31:33 So, you could rent it for a month, get everything you want done, and then that's it. Just let it go. Right? So, like renting development machines are just so much cheaper than actually buying the hardware to do it. Um, so that that is smart. Like again, all the stuff you don't need to buy it. You just rent it. Yeah, I deploy my own deep sea before, but what's the point?

32:14 What's the point? You you can you can get Deep Seek. You could use Deepseek for less than like a dollar a day. So, what's the point of buying any hardware? You buy a $4,000 machine, uh, Nvidia Spark, it's 4500 now. You need to use it for 4,500 days before you make back that that money. What's the point? Deep Deep deepseek is so cheap through the API, you'll never recover that cost.

32:52 So again, it's like what's the point? And there are many hosts, many providers that provide the the uncensored one. So So it basically doesn't refuse any request. So, it doesn't matter like if you're looking to use it for security or whatever. Um, they offer those models too actually near Near has um inference company called Near AI. They actually offer that.

33:37 So, it's actually really good if you want to like secure your sites or your contracts or your wallets or whatever. Uh, get one of those uncensored ones and uh they will they will do it. But, you know, I I I had a look over what I had in my sites and didn't really find anything huge. Um, but again with all the hacks that are happening, if you're like holding on major major amount of liquidity for people, you got you you got to be scanning all the time.

34:16 Like if you're exchange or you're a bridge or a wallet, you know, you got to be scanning for vulnerabilities like all day long because that's what the hackers are doing. All right, that's pretty much it. I'll let you guys go. We'll see what happens this week. A lot of big stuff. Earnings, midterms, jobs report, and it's November. a lot of big stuff that can move markets.

34:58 But here's the most important thing. Where is this? This is what we have to look forward to. So stay strong, my friends. I'll see you guys tomorrow. All right, take