Bitcoin Faces Fed Decision Transcript, AI Summary & Key Points

00:01 Welcome back to Cryptos Are Us. I am George. We're all George. Welcome to another market open stream. Today we got to talk about this Fed decision. What is Fed Worsh and the governors? Where are they going to decide? Let's talk about it and let's talk about everything else that is going on. You got some bullish things going on. So, let's talk about it.

00:28 All right, let's do it. Welcome, welcome, welcome. We are starting out the day right under 81,000, which is a little bit higher than yesterday. Actually, we were like almost back to 82, but then we sold off a little bit because of the Fed decision. Now the US market is opening uh mixed but mostly green which is good. You know this is really a change from before like when when we still have POW like every single time like clockwork the day before you would sell off the day of it would like sell off and then like it's

01:14 just no good. no matter what he was going to say or what they were going to decide, you just have massive sell-off left and right. So, it is different now that yesterday was actually a pretty decent day. Today looks like it could be a decent day, but we will have to see what he says. Okay, most likely. Okay, it's almost guaranteed that there will be no rate hike today, but during Q&A, that's where it gets interesting.

01:43 these reporters, they press him, you know, on what's to come. What about December? But more importantly, what about 2027? Are we going to get a lot of hikes? I doubt he's going to have any guidance for 2027. It's probably prefable. Obviously, if he doesn't say anything, he doesn't say like, "Oh, we anticipate we're going to have four rate hikes in 2027."

02:08 He should just say, "You know what? It's too early. We will determine that in December. Then we are good until the December FOMC meeting, right? But the reporters, they will press, they will keep pressing him. Right now, this is why I said there's almost no chance we're going to get a rate hike today. 91% for hold, but we're at a 86% chance for hike in December.

02:39 And you know, who knows? Maybe the war comes to an end and oil drops down drastically. Then that number can go down to maybe 5050, you know, who knows? But yeah, that is what to expect today. There will probably be some volatility, but for the most part, markets are pricing in that nothing surprising is going to happen today. Nothing surprising will be said also.

03:11 So, we will we will see. And speaking of the war, Trump says it will end when I want it to. And the costs have ballooned up to $47 billion. It is quite a lot. Quite a lot to be in a war, that's for sure. But there are a lot of weapons companies that are probably making this much. Uh so it's like you spend it, but the money comes back, you know, and those companies have to pay taxes.

03:47 I don't know. I don't know what the the relationship is, but it's kind of one of those things, you know. It's like a circ circular financing. That's that's kind of what they say. It's the same thing if you think about Ukraine, right? Like we give Ukraine all this money. What do they do with it? They use it to buy American weapons. So it's like you lend it to them and then they they they in return use it.

04:11 So it's like, okay. Uh but anyways, that's what's happening. And uh I didn't know this, but Trump, I guess, negotiated with Russia to allow more diesel onto the market. So obviously Russia welcomes this because they they have been uh they've been banned from basically selling the oil everywhere, right? But this also makes it look like we're caving in in a way, right?

04:42 That we're actually negotiating with them to allow them to sell their diesel at this time because diesel prices are sky high, right? So this is kind of like a stock gap, a band-aid. Um, so both sides want this, but you know, in a way, if you look at it, if we really want to put those sanctions in place, we should not think about removing them just because it's convenient, right?

05:11 But we'll see. We'll see. Recently, I think Putin called for a meeting between Trump and President Xi. So maybe that leads to something something good. Who knows? Uh SK Highex, they had a crazy crazy crazy earnings like $700 billion or something like that. They're one of the largest memory makers on the planet. This is what I've been saying like people that are in infrastructure, memory, GPUs, hard drives, rack mount servers, storage, whatever, networking.

05:52 They're making money handover fist. So that's why this this AI bubble, you know, fear selloff doesn't really make a whole lot of sense. These companies are making so much money. It's crazy. Operating profit surged 632% from a year ago. 632%. That is insane. And Micron and others, they're going to be reporting the same thing. these guys are making so much money from AI that there is certainly not a bubble and there's certainly a lot more room for growth.

06:34 So just think about that and this is one of the reasons why I think tech is doing well today as well. Um, all right. Moving back to Bitcoin crypto. Uh, yesterday we had a pretty good Bitcoin inflow day. Plus 176 million. That's on top of the plus 110 million yesterday. So, we're seeing a good recovery. ETH, not so much. Still seeing outflow for whatever reason.

07:06 You still have this outflow. And then soul still had this outflow. XRP outflow. So Bitcoin is the only winner only winner. But if you look at the last 30 days, 90 days still overall net positive by a long shot. Okay. But you know sometimes market gets fearful and they sell off. It's just really that simple. But long-term holders continue to hold and DCA.

07:35 That is the ultimate strategy. That's really it. Van launches diversify ETF combining stocks, bonds, and Bitcoin together. Oo, that's nice. That's nice. So, basically, you don't you don't have to choose, right? You don't have to choose if you're just holding gold or stocks or Bitcoin or bonds in this case, right? So, there are more products coming out, which is good.

08:07 So people have more options and there is still more adoption happening. Brazil's largest bank, I mean recently their their election is very controversial. Their president got a fourth term. I don't know if that's gonna stand, but their biggest the biggest lender becomes the first bank to formalize crypto brokerage under new rules. So basically, they're going to allow crypto trading and custody starting today before even their deadline, which is the 30th.

08:48 So they're they're just like, "Yeah, let's do it. Let's do it." So this is going to open up crypto trading to hundreds of millions of people in Brazil. So that's good. So adoption is still happening right in front of our eyes. These are important things to recognize as we move forward, right? This is the reason why Bitcoin is gaining traction, why it has so much strength, why institutions are involved, right?

09:19 Because of the growth, the expansion, the adoption, everything. things that we've never had before. Even in 2021, we didn't have stuff like this, especially not in 2017. It was just 100% pure speculation. Uh Scott Bass also said the same thing speaking at a Ripple conference. He says the CFTC and SEC will both implement rules and basically fill the gap left by Clarity Act not passing.

09:53 basically saying we don't need clarity act and this is what I said before you don't need clarity act the two top agencies could take care of it whatever needs to be taken care of they can implement it new frameworks new regulations new laws maybe not new laws that needs congress approval but you know they could create new rules so and overall we know they're all very very bullish very pro- innov ation right now.

10:23 So overall, good good stuff. Uh I don't even know about this company. I never heard of them. Data Vault AI, they plummet 50% because they said a lot of their Bitcoin is held by some small exchange and they're not able to get it. Uh bit big economy bitconomi bitcoin bitomi I can't say that but basically they're stuck. Okay, so the the point being, okay, this is why, hey, if you're going to trust sexist centralized exchanges, you better trust the big boys, okay, like Coinbase or Kraken or Gemini, you know, these big guys

11:17 that has been around for a while. You don't put your Bitcoin, your 100 million whatever Bitcoin into some exchange that can go belly up or lock your funds. But more importantly also soft custody, right? Some of these guys could just simply store it in their ledger or co wallet or something like that. Maybe maybe not the super big guys. They for regulatory purposes they need to show it's being held by custodian, but for rest of you guys, you can do that, right?

11:52 So just be careful where you park your crypto so you don't end up like this. But then again, if you're self custody, you know, if you're own your own custodian, you got to be very careful with the password, with your recovery phrase, right? Make sure those are secure that you're not going to fall for some fishing attack or connect your wallet somewhere you're not supposed to, right?

12:19 So, you still got to be very, very careful even though you hold your own crypto, maybe even more so than holding within a big sex. So, just be careful. All right, last few things. This is what it's looking like right now. Right, we're waiting to break out of 87K. We have not been able to do so. And right now, we're hovering around 80, not too far down, but definitely in recovery mode.

12:53 And this is what happens during recoveries. It's not a straight shot upwards. You have a lot of these dips and valleys and and volatility along the way. And obviously, we're facing some macro stuff right now that I've been covering. We will get through it though. We will get through it. Like every single time we find a way and we recover just like 2022.

13:17 Look at it. We're stuck in the 20s below 20 for most of 2022. Okay. Until we recovered. It took years. It we didn't break out from 30 until like basically 2024. So, I mean the way we're moving now is way way way faster way faster than previous cycles. So, just know that. And here's one. Speaking of that bottom, pretty similar. History doesn't repeat, but it tends to rhyme, especially with these patterns, right?

14:01 It's not exactly the same, but it kind of looks the same and it kind of feels the same, but the timeline obviously is not the same. If you look at it in 2023, 2024, spread out over many, many, many, many, many more months than what we're seeing now. Yep. Yep. Yep. Just hold and DCA. That's it. That's it. Uh, Coinbase says their system was not breached, although one of their analytics vendor uh did get breached and lost some customer contact.

14:40 So, they're they're trying to figure out who, but overall, Coinbase is trying to say they're safe. They have not been breached. I mean, you're just hearing about this left and right. Bit just said that they were hacked through their employee system. Okay. And I got an email from someone yesterday that said they discovered they were hacked in September and they're finding out about it now and they're blaming AI.

15:02 I mean, you have AI hacking things left and right, right? So, what you got to be very very proactive and responsive and pay attention otherwise some vulnerability, some hack is going to happen. So hopefully these big boys that hold hundreds of millions to billions of crypto, right? Hopefully they're they're on top of it. They have good security teams that are scanning and patching and finding vulnerabilities 24 by7.

15:39 Otherwise, you're going to hear about some big breach and that would be no good. All right. Outside of that, uh, I saw the CFTC is suing Utah to block action against prediction markets. It's It's funny that states that are trying to block like prediction markets are getting sued and they're losing to the CFTC. So now they're they're forced to reopen.

16:08 It's kind of wild how that how that works. And speaking of prediction markets, clash picks, you got all the games. Look at all the NBA games, the upcoming NFL games this weekend, NHL, baseball, you name it. Even soccer. Lot of action. A lot of events for you guys to predict on on Clash Pics. So, there you go. And then, uh, Clash Pad still paying out rewards.

16:41 lot of activity in Discord. If you haven't checked it out, you should. And check out all the socials from everyone and and more improvements on front line. That's awesome looking soldier. And we got we got a little traction because, you know, look at it. We got a lot of guests ever since last night. You got a lot of guests coming in, which is great, right?

17:06 And it's a game that you can come in and play a few rounds and get out right quickly. So overall good and I'm still spreading the word and getting more attention to Front Line as well. All right, that's pretty much it. Let's do some Q&A. Unfortunately, NASDAQ and S&P turned red. It's kind of expected before FOMC meeting or press conference. You know, no one wants to be like going all out.

18:06 They're worried. They're worried that something might be said, but if nothing is said, everything is consistent, then, you know, the money flows back in. Where does Bitcoin needs to get by the end of the week for us to get a legitimate October? Hey, I'll settle for green. Green is good. That's all we need. We're not too far off. We're like down 5% or something like that.

19:39 So, let's see. No, we're only down 2.9%. Yeah. So, really, we just need to swing 3% and turn green, and that would make it four consecutive green months. So, we just need a little bit you should go on admit investing. They have a huge audience and they need someone with crypto mindset on there once in a while. I've never heard of that site uh that podcast.

20:14 I did go on um there's a podcast called Milk Road. They invited me. Um so I did an interview so I'm gonna post it later today. where Digo posted it later today. I'm going to put it, you know, in collaboration mode so you guys can see on my channel. So, we had a good conversation overall. Um, I never heard of this in Met investing. Let me let me see if I can pull it up.

20:57 He doesn't do a lot of videos. Oh, he does lives. He gets good audience for sure. He talks about Robin Hood, SoFi, it's all stocks. I don't know. I don't know if he wants to talk about crypto. Everything is about stocks. Seems like a lot of you guys listen to him. So, he must be very popular. I mean, I see he gets like 60k 50 60k on his videos, which is good.

21:34 But I don't know if he wants to talk crypto. A lot of stock people, just a lot of people in general, still very iffy about crypto, you know, still somewhat taboo to them. But hey, I'm I'm okay talking to anyone. Maybe if you guys join in on his lives or something, tell him that I'm okay to talk. You know, I could talk some crypto, maybe introduce his audience to cryptos are us and Clash and just just general crypto knowledge.

22:26 Hello from France. Welcome. Um, tell me how it is in France right now. Is it still very bad? I don't know. Sometimes you just hear you see these clips and videos and then all of a sudden they disappear. So it's like is it really that bad or it's just exaggerated? Uh, will Bitcoin hit 100K this year? We'll see after midterms if it does what it usually does, which is skyrocket.

23:18 So, you know, we'll see. So, what happened to the France guy? Exaggerated by the media. I live near Paris and it's fine here. Well, that's good to hear, Chris, because Yeah. You know, that's why sometimes you gota you got to take what you see with a grain of salt, right? Especially for media because they're selling clicks, they're selling views. So when you do that, you want to exaggerate things as much as possible.

24:07 Um, but yeah, if all France was under attack right now, I mean, I think you would hear about a lot more, right? I have a lot of friends in France. People are pissed about high prices, but people took advantage of situation, started chaos. That's always a thing. You always have people that start in chaos. They they ruin it for everyone. That's what they say about, you know, the the 8020 rule.

24:37 20% will ruin it for the 80%. And usually it's way less than that. It's more like 90 99 to one. You have that 1% that goes too crazy, goes out of control, and then it ruins it for everyone else, right? But that's why they say there's that 8020 rule, and it's pretty much true. Well, today you got like Memory Maker like Micron that's up about 5% because Highix had such a good report.

25:34 Uh Sandis is up about 4% although you could see both of them are really really really down. They were at like almost 2,000 and they're they're down like like 40% or something. You know, this is this is what I've been saying like all these that got oversold all these infrastructure companies like bargain right now. bargain. Someone wants to buy Wendy's for 1.4 billion.

26:26 Wendy's burgers are good. Wendy owns Arby's. Arby's is very underrated. People don't talk about Arby's enough. They're really good and different. Uh, Nosana. Yeah. So, they are like a GPU renting company, right? Uh, you can you can rent GPUs from them. It's good. It's good. I There's a few companies like that. There's a few companies like that. Like right now in AI, right, you have companies that are infrastructure where you can basically rent like a cloud node or something like that.

27:26 Uh you can rent GPUs or you could uh rent models, do inference, you know, stuff like that. They're all great. They're all like traditional stuff that it is like integrated crypto with, which is fine, but I'm really looking for like the next evolution where you're really using AI and you're really integrating with crypto, right? And coming out with some great product, some great DAP or some great game, something that really utilize the both and then uh that's where it explodes.

28:02 So, I'm trying to do that with Clash World. So, it's it's tough. It's tough, but I'm making big strides. Clash World is tough to get a GTA style game to be perfect and to have more features and have crypto integrated and have businesses and stuff like that. It's It's tough. I'm doing it myself. If I had like a team on this, like it would be really really fast.

28:33 But Front Line is almost perfected. Uh it's a really damn fun game. I I still can't get over the fact that like how do people play these other first-person shooters? Yesterday I spent another like hour trying to play Battlefield. Can't do it. Can't do it. There's this one one map where you you jump off a plane and you parachute down into this big village.

29:05 30 seconds after I touch down no matter what. Any direction I go, I get killed instantly. Have no idea where they come from and I die. And then you have to wait like 30 seconds before you revive. And then you get back in. Boom. You're done. And then the map is over. and I've just wasted like 10 15 minutes and I had to wait 10 minutes to get into the game.

29:31 And then I did the Vegas thing. Same thing. It's like you have a million people in there. They're all snipers and they're all crazy good. You can't practice. It's like I spent 30 minutes in there just basically dying, spawning, dying, spawning, dying. I I had like two hits, two kills, and I died maybe like 50 times. I don't get how anyone could have fun with any of those games.

29:56 Like, no casual player could go on and play and there's no practice mode, right? So, Front Line is so different. Maybe because we're new and we don't have all the sweats playing, but at least you could go and practice and actually play. And the bots are really good. They're they're so good, you can't even tell. They're not human. Um, but there's different skill levels and it's just so much easier.

30:17 So much. I don't get how anyone could play Battlefield. I haven't played the new Modern Warfare, so I can't comment, but I'm assuming it's the same thing. It's just you got a crazy amount of sweats in there that are playing and there's no way you could play. You can't parachute outside the village. It's part of the map. It's like a circle. There's nowhere to go.

30:50 like you can't casually play these firsterson shooters anymore. I mean on console maybe it's different. If you're playing campaign that's a different story, right? We don't have a campaign yet. I'm working on it. That's a different story. But multiplayer there's just no way you can do anything unless you're ultra super sweat. That's what they what that's what the young people say.

31:11 Sweat. Okay. Um, so but anyways, Front Line is pretty good. There's more maps pending and I pretty much perfected most things. Now it's just about getting people to get on and play and and spend and spending FPS, which in turns gets people to get rewarded and soul and in turn causes the flywheel effect on Clash. It's all part of the process in classroom.

32:09 Will there be dialogue when you approach people or hear or enter shop business? Well, when you approach people, yes, they they do have dialogue. But if you go into a shop or business and there's people there, then I imagine you could set automated messages or if the person's there, you could just talk to them, right? Like a real business. If they want to camp out in their store because they're selling something, right?

32:30 Then they could just type and talk to someone. I don't know if I want to open up voice maybe, but I think just just regular text chat would be fine. For Battleville 6, try deathmatch or domination. Smaller players. I don't know. Every single map that I try to go and play now seems like it's a 30 player or 60 player map. Like I just want to go into a map and just enjoy what they have.

33:05 I I don't mind if I just practice with bots. I just want to play like play for more than like five seconds without getting killed. You could do that in frontline. There's no problem with that. But I I can't do it with Battlefield. It's so frustrating. Like I just it frustrates me to just play like I with a game it shouldn't be like that. Will Clash World have land for sale?

33:32 I was thinking about it. There will be businesses for sale. I don't know if I want to sell land. It's a possibility. Why not? There's so many the the world is so big. Outside the city, there's a lot of farmland. There's a lot of mountains. So maybe I could allow those lands to be sold. But within the city probably just just um you know businesses like storefronts or existing businesses like car dealerships for example um stuff like That shooting range is not the same as a practice as a real map.

34:38 I want to play their Vegas map just with bots on easy level so I can get familiar with it. I could play it. I could actually dominate and win and feel good like that. I don't want to be in a shooting range. That's not practicing. Like I I want to practice in a real map. That's what you could do in frontline. Maybe you could do in Battlefield. I haven't figured it out.

35:04 I was on there looking through all the menus, everything. I couldn't find anything like that. I don't even see why you can't. I don't I don't even get it. All right. Not a whole lot. Not a whole lot today. We just got to wait for the FOMC meeting. That's going to come up at 2:00 p.m. Eastern, 100 p.m. Central where at least a decision is given. And then you got to wait another 30 minutes.

35:52 1:30 central time, 2:30 Eastern time where the press conference starts for an hour and I won't be streaming that. It's too boring for me. I'll probably watch in the background. Um, but yeah, most likely today there's not going to be any raid hike. But everyone's going to be asking about December and more importantly, what's going to happen in 2027. See, this is the estimation right now, right?

36:23 A lot of rate hikes. One, two, three, four, five, six before we peak at 4.6%. Then maybe we get some cuts, right? That's what people want to know about. What's gonna happen 20 to7? Are we gonna really have six rate hikes? That would be insane. That will definitely affect the recovery and markets overall, right? But I if he was smart, he would not answer that.

36:51 He would say that we haven't thought about it. Wait until December, then we can maybe give some guidance. But he have said he doesn't want to give guidance. So there you go. All right, guys. That is it. Have a good one. Go check out Clash Picks for all your sports and crypto predictions. Clash Pad to get rewarded with Soul just by holding. And check out Frontline.

37:31 A lot of good stuff on here, especially those of you guys that play first-person shooters. Try it out. You'll enjoy it. All right, have a good one. Take care. Bye-bye.