Bitcoin Braces for an Inflation Shock 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. Today we got we got a important inflation reading and Bitcoin braces for shock. Let's talk about it. Why is inflation so high? What is the Fed and the government going to do about it? And let's talk about markets, of course, and Bitcoin and crypto. So, let's do it, guys.

00:37 Let's do it. Welcome, welcome, welcome. We are starting out the day just slightly lower than yesterday, although we trended up to 84K and we were holding there for, you know, throughout the night. basically was looking okay until we had this little dip. And unfortunately, that's because of the CPI reading that just came out. Overall, the US market right now is red, pretty red.

01:12 Not crazy red, but a little red. And it's due to this. You guys already know if you've been to a pump, gas is sky high. Even even just regular gas, okay, it's like $5. Like premium is like six or something or seven. If you're overseas in Europe, it's a lot more than that. Or Canada. I mean, it gas is crazy. Diesel is crazy. There are a lot of crazy things right now.

01:42 So CPI came in a little bit hotter than expected. We're getting we're inching closer and closer to 4%. Okay. And someone makes a good comment. Skinny cow says red hot CPI, you know, the numbers are cooked lower, too. Yeah. If we're measuring true inflation, this will be showing like 8 n 10%. Not 3.7. It makes no sense. Gas itself has gone up probably 50%.

02:18 You know, it used to be like $3 something a gallon not too long ago. Now we're at $5. I mean, just do the math. That's like 50%. So, is it really 3.7 annual? H, you know, it's debatable. Food is a lot more expensive. Everything is a lot more expensive. And obviously, it trickles down, right? Like mortgage rates 7 and a half%. It was low sixes not too long ago.

02:47 So obviously everything is ticking upwards and this is not helping markets right now. Uh and what's also not helping is you know the the Middle East and it just keeps on going forever. President Trump already said that he's not going to make any attacks um until after midterm. So kind of we're just kind of like waiting right now. But Iran and Saudi Arabia and others in the region they they still continue to go.

03:23 We know that a pilot was killed recently at the airport. Now, you know, oil facilities are being attacked and just ongoing forever. And this is not helping because it's keeping oil elevated and contributing to of course the high inflation that we are seeing right now. So I think you guys know this. We just have to wait it out. There are things in play that are holding us back, but not much we can do other than just continue the course and hot end DCA really take advantage of the situation.

04:04 take advantage of the low low prices, especially not for just Bitcoin, but for some of the big gap alts that are really really still down versus their all-time high, right? The best way to think about it is utilize the the opportunity we have to continue uh to DCA and DCA more. Outside of these things, uh this was big news yesterday. There was some employee.

04:35 They didn't say like he was actually a national of Saudi Arabia. They just said some employee planted a recording device in a conference room. They I don't know how OpenAI found it and uh and FBI got involved, arrested him and he's probably going to go to jail. But something about I think he asked chatbt about how to do it. I don't know if that's how they caught him, but I remember reading he used chatbt for advice in terms of how to plant a recording device in a conference room.

05:15 So So if you're if you're going to commit a crime, a serious crime, you probably shouldn't ask AI how to do it because they have all that information. And uh yeah, it probably needs some little common sense, you know. But anyways, that was uh swirling around yesterday. Uh outside of that, go to Bitcoin. Uh ETF flows. I got I still got to fix the one I asked Clash.

05:46 I forgot about yesterday. But we did actually have a positive inflow yesterday. 172 176 uh inflow for Bitcoin and 25 for ETH. So, and uh negative for soul, but overall we had a positive day. Okay, inflow is still kind of mixed. You have days where obviously Wall Street sells off, days they buy, but we pretty much recover fully from crypto winter. So there are a lot of holders even from the institutional side.

06:24 Okay. So that is still looking good. Obviously if we have more inflows will be even better. And Black Rockck continues to kind of lead this space. So that's good. Uh what else? Strive is raising 500 million to buy Bitcoin with a new preferred share class. Where do we hear this from before? Right. Seems like all the Bitcoin treasure companies are now following in sailor's footsteps once again.

07:08 Tom Lee is doing it. Strive is doing it. MetaPlanet is doing it. They're all coming out new preferred shares that give really, really, really high dividend. This one is giving 15%. It's a fixed 15%. That's crazy. The current one is already good at variable 13%. This is a fixed 15%. I think that's higher to stretch. So bottom line is these companies guess they think uh this is a right move.

07:46 Sailor has proven even during crypto winter even when it's bad he made it work and he's buying up those shares back and he's buying Bitcoin again. So Strive and others are like okay this is working. We're going to generate more money this way and we're going to use that money to buy Bitcoin. So yeah, so that's good. What else is good? Uh big banks like Standard Charter unlocks direct Bitcoin and Ether trading for fluent UAE clients, meaning wealthy wealthy wealthy clients.

08:25 Every bank is doing that. Even JP Morgan for their wealth advisory, they've been advising people to buy Bitcoin. I don't know about Ether, but Bitcoin for a while now. Okay, so they they kind of tell the regular folks one thing, but then they tell their wealthy folks another thing. So, just think about that. Uh, and as for where we are, I mean, nothing really has changed.

08:49 You guys know we're still holding the the 80s, the mid80s, and that's okay. That's actually a pretty important resistance around the 50-day MA. and we were here back in May. And we're actually using as support. We're not using it as a resistance because we broke above. We're using it as a support, which is a big difference, right? We're holding, we're consolidating all the scary macro stuff.

09:21 It's holding us back. Money is not flowing as much. But when we break out, and we will, and all you guys know this, we're prepping ourselves for a big breakout. And when that breakout happens, it's going to be tremendous. Just like all the previous times, we go through consolidation, we go through crypto winter, right? Sometimes it takes months, sometimes it takes years, but when you get that breakout, it is awesome.

09:52 And sometimes you get mini breakouts too. Sometimes you do get these mini breakouts and that's where we break through a certain level like liquidation level or something like that or resistance. So the next one will probably get us into the high 90s into 100K. We'll see. We will see if that is coming right before the end of October. We still have two full weeks and of course midterms.

10:29 So, we got about a month to make some moves. We'll see if that see if that's coming. Uh, all right. What else? Ripple add stripe own wallet to XRP ledger as AI payments pass 14 million. I still don't trust AI to make any payments. Okay. Uh, one app that Meta seems to have traction with is Muse. They have a like a AI assistant app, Muse. And one of the things I guess people like is you can have it like pay your bills or send an email for you or go buy things for you.

11:10 Um, but they're not really crypto payments or purchases. is they're just regular payments as long as you hook everything up. Uh I I still think that's kind of scary. I still want to be the person that hits, you know, pay or buy or whatever, right? But eventually all of us are going to have our own AI agents and they're going to do everything for us, including payments, right?

11:38 But it may take a while for majority people to get used to that. But Ripple is moving forward. Uh lastly, proposed 31.4% French tax and regulated stable coins could drive crypto traders offshore. That's fine. Anyways, France is not a big crypto country besides like Ledger being there. Um there's a ton of crypto kidnappings in France. I don't know why.

12:09 It's just like all these big names, they're they're kidnapped in in France. Uh it's it's one of the reasons why I don't want to go back to France ever. Um and plus whatever is going on. All the rioting and looting and everything destruction that's going on. I have really really no idea what's what's happening over there. Um but that's okay. Drive those drive those users to America.

12:41 as we improve our crypto frameworks, as we improve, I don't know the the agencies, their stance, what they allow, the rulings, everything that relate to crypto as they get improved, it's only going to help, right? And more and more people and companies will come aboard. That's what we want. That is what we want. All right, that's pretty much it. It's a low It's a low news day.

13:17 That's for sure. Uh Dow turned positive. You know, yesterday was kind of like this. It was like really red and it start turning positive. I'm hoping that's still the case. People are starting to get used to the fact that inflation is bad and it's not going to get any better anytime soon. And we're not going to get a hike this month. We will probably get it in December, but not this month.

13:40 So, I guess that's a good thing. Although, my watch list is still very red. There's only only Google and XRP is well, XRP is not green anymore. Everything is deep red. Well, let's hope that turns around. All right. Outside of that, Clash Pack continues. I don't know if we have any new tokens. Someone actually sent me someone actually sent me like an email.

14:13 I mean, there are people that are actually launching projects. There are a lot in our Discord. If you haven't gone to it, you should join and just join in on the fun. A lot of people working very hard to grow their socials and stuff, but there are new people that are launching as well and they're trying to build a legitimate, you know, project with it.

14:36 I thought I saw someone else that that sent me something about um building like games as well, which I think is a good idea. Games is pretty good. Um and that leads me into Front Line. A lot of people know that that is already out. It's a first-person shooter. You could already play it. We've been holding tournaments on it. But man, season two is going to rock everyone's world, man.

15:03 It is so good. Almost done. and I should be able to get it out this Friday. Today, uh later today, I'll I'll try to come out with a really cool trailer. It's pretty much is done. All the the maps are baking right now. There's one gigantic one that is in the works. Uh and I added another one yesterday. So, we're going to have basically 15 new maps. as much as like if you were purchasing Battlefield or or Call of Duty, uh maybe not as many cinematic scenes, but in terms of game play, everything we have is going to be

15:45 awesome. And I added some really cool things yesterday. Uh, I'm not going to tell you what this gun does, but there is a gun called Helius X1, and I got to tell you, this gun is kind of crazy. It's really crazy. So, added that. We also, for those of you guys that want some diversity, uh, we have a female now in the game. Uh, her name is Vega and you could customize her as well.

16:24 Uh, what was I trying to do? Trying to remove no mask there. So, we have a female now in the game that you could select. Very attire appropriate for military action. Um, and also we do have like other advanced things like a singularity grenade, and I'm not going to show you guys what that is, but that is insane. We got a drone. Someone asked about a drone, and it is crazy, too.

17:03 So, I I posted a preview shot in Discord. Again, this is another reason why you guys should join Discord. There are a lot of, like I said, a lot of projects that are uh obviously talking about what they're doing, all the socials and stuff, but I added this yesterday. This is what a drone will look like in the game, but it's going to look better. This is just like a demo.

17:27 Take a look. That's awesome. That is awesome. So, just to give you guys example of what's coming to Frontline Season 2. So, I think a lot of people are gonna be really crazy about it. And you know, you could also there'll be a lot of purchases. The point of the token FPS token is you can purchase things like new guns, new upgrades. There'll be new finishes as well.

17:57 So, if you wanted a gun to look a certain way, right, you can customize it and stand out from everyone else. There'll be certain things that you could redeem with PClash. Okay, so those of you guys that have PClash, that's pretty cool, Salana. Um, certain things, yeah, you could get just from playing the game through points. Certain ones you'll be able to purchase and certain ones you will only win if you play in our tournament and and win, right?

18:31 So, everything is going to be in here and it's going to be fantastic. I'm really, really, really, really excited about the debut of this. And of course, I'm working on this and Clashworld in conjunction like in both. So, this is what I'm spending all my time on, in case you guys are wondering. All right, let's do some Q&A. Got some music in the background.

19:29 Let's go. Turn that off. That is fully fully customizable. You'll be able to have a logo on your sleeve on your helmet. I think I'm not going to make it so that you could upload right away, but I I'll make it so that eventually you could do it mortal fali. Is that how you say it? You won't have to download the game over and over again. And plus, a lot of optimizations have been made.

20:20 So, you you download it once and it just basic caches in your browser unless you delete the cache and stuff. And even if that happens, it's not that bad. I made it so that it's like when you load into a map, it's about 30 seconds and that's pretty much it. And all the maps have been optimized. Um, and they're they're damn good-looking. I mean, they're they're so good-looking.

20:46 I sent it to some of my friends yesterday and uh and they didn't believe. They're like, "Whose game is this?" I'm like, "Yeah, this is this is legit. This is This is This is coming from the game, right?" I think besides this, I posted Yeah. like like this. This is real footage in the game. This is this is no joke. All the maps will be as beautiful as this.

21:18 Uh there'll be brand new maps and all the old ones have been updated like tremendously. So, no joke. Hands, weapons, how they reload, the sounds, sound effects, explosions, fires, all upgraded. This could be quite insane. I'll probably share more today. So join discord if you want to be informed. Joe train, are you opinion we can still make a new high all-time high this year?

22:12 Yes. Yes. We just need to break 100K, then it becomes very probable. And I don't think we're too far off from 100K. We just need a little push, a little push, some kind of catalyst, and it could come out of nowhere. Sometimes Bitcoin just goes up, a whole bunch of rich people decide to buy it and brings us up to the next level, and then we liquidate a lot of people, we head higher.

22:36 We just need to go above 100K and then we'll be good. If we could do that before midterms, then the Santa rally might carry us. But, you know, the war escalates or there's like crazy crazy inflation that continues and the war just never ends. And, you know, maybe then we're not, but then we got next year. Uh yeah, technology on on browser games have improved a lot.

23:18 I I'm using 3JS, so that's that's the one most people are using. There's nothing wrong with browser games. Um there are some crazy optimizations you can make. Like Front Line, basically when you load a map, it's done, right? Like you don't have to load all the maps simultaneously. And Clash World is so much harder because when you go in, you have to load the world around you and then the and then the world that's not around you, you have to like prep them to load because let's say if you drive into an area, it can't

23:52 just be blank, right? So getting Clash World to be optimized is is a challenge. We got thousands of, you know, NPCs walking around. We got hundreds of cars driving around and then not to mention like 10,000 buildings in the city. Um, so that that's a challenge, but getting closer and closer and closer. Once I get everything done, then I can work on the missions.

24:23 But right now, it's still kind of optimizing how things load. Do you think Stretch will ever DP peg again? There's no D peg. It's just like a It's just a number 100. It's not like stable coins. It's not like it has to be at 100. But if it's not at 100, basically shows that investors are losing faith in it. That's the only important thing. Not like stable coins.

24:58 Stable coins have to stay pegged at a dollar because they're backed by a dollar. And if it's not, if it's worth less than the dollar that backs it, then there's some serious problems. Stretch is not in the same realm of things. So, it just it should be at 100, but a lot of times it's not because investors are selling it off and losing faith in it. Stocks are not doing well right now either.

25:39 I think Bitcoin is actually holding the best. Stocks are taking a beating. Um I'm kind of afraid of my options right now. Um like Robin Hood is at 106. It was, you know, 120s. Now it's down like 20% almost 15 20%. Something like Micron is down from,00 down to 942. So we need that. We need that catalyst. And I know Trump wants it. Trump wants a rally before midterms.

26:15 That's why he's not making any attacks or anything. But it's kind of hard. It's kind of hard when the Fed is not helping. The Fed is not cutting. We're actually talking about hiking. Um, and you know, the war continues, right? So, these are things that are not productive to a market rally at this point. So we just got to wait it out. Take advantage of opportunity of the low low prices auto and DCA or jump in some new projects on Clashpad where you get rewarded by simply holding approaching 1500 souls soon.

27:07 that's given a soul given away as rewards for holding, right? So, those of you guys that believe in FPS, for example, you're getting rewarded for holding. Clash World, you're getting rewarded for holding. Clash World itself has almost given out a million, no, not a million, a thousand soul. It's kind of crazy. The site hasn't been operational for a month yet.

27:45 yesterday. I don't know if it's a scam or not. Like Floyd Mayweather launched a coin and then he deleted a post. So people are saying that he he was scammed. Like uh not scammed, uh he was h uh hacked. I don't know if that's true or not. Like if it was hacked, I don't think they would just delete the post. It seems like that was intentional. Like he was probably I don't know.

28:13 I don't want to say anything. I I don't have information, but I I do know that it was tweeted or posted on IG and then it was removed and the thing pumped and then it dumped afterwards. Too bad that wasn't launched on Clashpad. If that was, it would have generated probably a thousand soul of rewards for our holders just within those few minutes. Uh it's unfortunate, but I I welcome everyone to come aboard and actually launch something and build something for for their community or project.

29:05 Martisio, you have to have enough. Remember, you're getting an allocation from the total pot, right? So, if your allocation is small, it might be delayed. Obviously, with lower volume, you're going you're not going to have as much rewards. So, nothing is broken. Would you suggest dipping heavily discounted crypto stocks after recovering crypto over last month?

29:27 Anything related to crypto? Okay. But I I I myself I don't fully like what Sailor is doing. Like the money he's generating to buy Bitcoin and to buy Stretch is raised by selling strategy stock. So like for me, I wouldn't buy strategy stock. I don't think that's ever going to change. and that just adds insane pressure every week. But I like Hood. I like Robin Hood because they're in crypto and they have their own chain.

29:56 I think they're going to do really well. Coinbase, I think, is in the same boat now. They have stocks and they're going to get derivatives. Uh when the bull market comes, they're going to be a really good spot. So like stuff like that. Like mining stocks have been doing well because they pivoted to AI. So they're not really crypto like Bitcoin mining anymore.

30:15 So I don't know. I don't know what other stocks you're looking at, but they all follow Bitcoin. If Bitcoin does well, they're gonna do well. If Bitcoin doesn't, they're not. So, if that's the case, too, then you might as well just buy Bitcoin and hold Bitcoin. So, I don't know. So you gota you got to decide some of these mining stocks they you know they sold their facility or they sold off their miners to to get into AI play and some have made deals with Anthropic and others but um I don't Oh, well, at least the

31:20 liquidation's calmed down a little bit, but Still very high. 222 million. Yesterday was like 700 million. So no good. particip is also volume too, right? Not the volume is where the rewards come from. So if everyone's holding, which is good, and no one's trading, then there's also very little of rewards. The rewards are not coming out of nowhere. They're coming out of trading activity.

32:32 So if no one's really trading, then there's not going to be any rewards. What do you think the real inflation rate is? I don't know. It's hard. It's hard to say. It depends on what you measure. Everything broken in the CPI, like if you look at like all the categories that are broken up, those are handpicked categories that have like the most stability.

33:14 And in the past, they have removed stuff that doesn't have stability. I remember last year they removed like coffee or something just randomly. Most people won't catch that, but you know, they're they're selecting things that really never move. That's why it shows 3.7%. Right? They always discount like gas energy too because sometimes they you know they look there's a headline in core.

33:37 So core is discounting more volatile stuff like gas energy but or food energy but those are the most important things for most people. But anyways, um if you measure like real estate, it's at least 7%. At least if you're measuring other things, it's it's probably as much or more. I don't know. I think real inflation is more like anywhere from 5 to 10%.

34:11 Somewhere around there if you're measuring real things. Like obviously if you go to a supermarket, everything that you buy, fruits, vegetables, meats, you go out to restaurants, like it's expensive. There's nothing that's cheap. Um, so there you go. End of the year will shock people. I hope in a good way. I'm still hoping we get some kind of catalyst, you know, maybe some economic numbers come out and they're really good or something.

34:54 Even if they're fudge numbers, I don't know. Or Trump pulls something out of his hat, the war ends. I know he's trying to probably get that resolved before midterms. Um, but things can turn really quickly. October. It's named October for a reason because traditionally October is very green. Look at that. Like we have seen 11% 28% 40% you know goes down the list.

35:28 October is traditionally very very very green and we're actually in the green right now believe it or not. So we haven't really gone down. the alts have. But last year was weird. But you know, we'll see. Normally October only goes red in crypto winters, right? And I think we started crypto winter early last year. We started basically end of October, November, we went into crypto winter and then we didn't stop until basically I don't know, July of this year.

36:12 So, we'll see. I don't know about pro tournaments. I'm not going I'm not going to separate who's a pro, who's not. There would just be tournaments. That's it. I had to figure out how FPS be used in tournaments. I don't want to be like traditional crypto gaming where you just hand it out and they're all just sold off. It's not going to be like that. I don't I don't even have enough to hand out in that case either.

36:53 Like if I was going to do that, I would probably control like 50% of supply, which I do not. The Treasury has been buying, but that's it. Uh, I didn't even do a first buy when I launched. So, it won't be like that. We have to figure it out. Everything for FPS and CWD is going to be deflationary. It'll be a net negative with what's going on and coming versus what's coming in.

37:23 So, I still have to figure that out. annual raises is not even 3%. A lot of companies, they just give out a gift card. Uh, traditionally, it's supposed to be two to 3%. But a lot of people are not getting raises at this point. If you don't get a raise, I hate to say it. Like, if you have a corporate job, just be happy that you have a job. Like, I'm gonna say that.

38:09 I know that probably sounds bad, but be lucky that you have a job because in the next few years, you will not have one due to AI. AI is going destroy a lot of jobs. Destroy. Absolutely destroy. So, right now, companies are not only trying to figure it out, but they're trying to figure out how to replace your job with AI. So, if you stand out like a sore thumb, complaining that you're not getting enough money and you need a raise, guess who they're going to let go first?

38:44 I'm serious about that. AI is I mean, AI is so damn good. It's allowed me to make frontline like with these studios what would cost them 20 10 20 million and five years of development allowing me to do that in a month um with near near zero cost besides AI subscription cost. I mean, it's it's insane what you could do. Um, number crunching, programming, project management, engineering, architecting, system design, call centers.

39:30 I mean, I I can't think of really anything that can't be replaced with AI soon. So right now it's the time to really just maximize earnings. Maximize earnings as much as possible. Save and invest and harness your skills using AI as much as possible. That's what everyone should do. That's it. That's it. And prepare for the end. gameplay video from Clash.

40:14 I have I have well I have screenshots but I've been trying to perfect building destruction, fires, explosions in Clash World. A lot of it it's like it's so good that developing two games side by side is good because I get to pull from each other. For example, on Frontline, we didn't have destructible like cars and objects in the game. Okay, mo most FPS don't, you know, they have props like cars and stuff that you could shoot, but nothing happens.

40:46 But because I developed that for Clash World, now I pull that in front line. So any car in frontline, you could explode it and it looks fantastic and it's part of strategy now. So that was pulled from Clash World. But on the opposite side, I have all these soldiers that have these formations and how they act and stuff that is pulled into Clash World so that the police, they're smarter.

41:15 And then when the police, you know, when they're not enough and the military comes in, uh, they're basically like frontline soldiers. So it's really cool. It's really cool. optimizations made on one could be applied to other. So nothing is wasted. It's like all this knowledge and all these things that you built, they kind of just stack on each other.

41:39 And that's the same thing with anything else. Like if you start a business, it fails, you you you retain knowledge from that business. Even though it might be a failure, it didn't make you a millionaire, you know what not to do next time and then the next time after that and the next time after that. So nothing knowledge is really the most important thing and most most like millionaires and billionaires will tell you the same thing like if they had to start over again you know they could probably do it again with the

42:14 knowledge that they have really just that knowledge that they acquired and learned that's the most important thing. So now everything turned red again. Yeah, not not shaping up to be uh a recovery day today. Gotta Just got to brace for what what Wall Street does today. All right, I think that's pretty much it. I'm'll go back and work on stuff. Um, yeah.

43:29 So, today inflation reading no good. Inflation high, but in reality it's probably much higher than what CPI says. So, we just have to wait it out. We got to wait it out. Just think of it as a golden opportunity to continue to DCA with the low low prices. We're not going to be down here forever. All right, guys. That's it. Smash a like, subscribe to the channel, have a good one, guys. I'll see some of you guys in Discord, and check out Clashpad, FPS, CWD, and of course, Clash. All right.