Bitcoin Faces Oil Shock as BlackRock Demand Surges Transcript, AI Summary & Key Points

00:02 Welcome back to Cryptos Are Us. I am George. We're all George. Welcome to another market open stream. Today, let's talk about how oil is still elevated and shocking markets, but Bitcoin demand for or Black Rockck's demand for Bitcoin ETF continues to surge. So, let's talk about these things and let's talk about other stuff as well. All right, let's do it.

00:37 Let's do it, guys. Welcome, welcome, welcome. Starting out the day a little bit lower than yesterday at this point. About $1,000 lower. Uh overall, we're still holding the 80s, but low 80s now, not the mid80s. So, we're trending down a little bit, but still holding the 80s is really good considering everything that's going on in Europe, in the Middle East, with everything else that's going on.

01:12 It's it's quite amazing, right? Especially with inflation and high yield and you go on and on and on about stuff. Um but right now we're kind of in a standstill just waiting for some kind of conclusion or some kind of tailwind to pass today. You could see the US market. Let's see if this updates. Uh NASDAQ is red, S&P is red, but we'll see if that turns around.

01:37 Yesterday was kind of like stale until like NASDAQ turned green. So we'll see what happens. But overall, there are two major themes for today. Number one is yes oil continues to surge. So fivemonth high and this has not not been coming down. So obviously inflation has been going down. All of our inflation readings are going upwards and that is no good.

02:05 Uh yesterday it was reported that maybe Putin and Trump and she may be getting together to talk about you know Ukraine and that also has something to do with oil. I'm sure they're going to talk about the Middle East as well. There are a lot of things they're probably going to talk about and they're all related to oil one way or another. It's it's what makes the world go round.

02:31 So that is still happening right now. And with this, obviously, it's tough. It's tough to really rally at this point when we have elevated oil prices, elevated inflation, threats of more rate hikes. You know, this is what we're facing with right now. This is why I'm saying despite all this, holding the 80s is still really good. And this month is not over.

03:00 October is not over. So, we'll see what happens in the last two weeks. Uh, Treasury yield does go down a little bit because we got weak housing data. So, not something that we really want. Not not not something that we do want yields to come down for Treasury because no one really wants to hold cash at this point. But, uh, a weak housing data I guess trumps that.

03:36 Okay. And it's it's not good. But this will help maybe curb or hold off uh a rate hike coming up in December. Maybe if things continue to get worse, which overall isn't good, but could be good for investors. So, I don't know. Take your pick what you want. Um, what else? What else in today? Some AI news today. You can see on top NASDAQ falls. The AI trade resumes.

04:07 There's still a lot of iffiness about AI. I don't know what it is. I mean, there depending on who you hear, there's different scenarios, different things, right? Uh, but short term, there are still more and more people embracing. Seems like German chancellor is urging businesses to embrace AI for those that have an embrace to start embracing because Nvidia comes in and throws a lot of money around.

04:35 So now Germany's like, "Hey, with the billions upon billions that Nvidia has promised, right, um, you guys better start using some AI." So it's funny how that works. But yeah, AI of course is a big thing. And then I saw this Deep Sea came out with a new model and the US agencies are prohibited or banned from using it. I don't even know why they would.

05:06 I mean, why would government agencies be using it when we have our own AI companies that have better models and they basically have infinite amount of money, federal grants. So, I I don't even know why they would try to go with a cheaper, you know, Chinese model from Deepseek. Doesn't make a lot of sense to me, but they're banning it anyways. right now it's just like anthropic is just like leaps light years ahead of everyone else.

05:38 So again it doesn't make it doesn't even make a lot of sense for this. If anything it just gives more publicity to DeepSeek. Um all right moving forward you know yesterday we had a really fantastic ETF inflow day. Okay, so despite all that nastiness I just said, all the scariness, all the FUD, we had a positive $526 million date yesterday led by none other than Black Rockck.

06:07 Black Rockck had 665 million alone. Others had my, you know, Fidelity and had negative, but Black Rockck is pushing forward. They have plans. They have goals, okay? May not be good ones for rest of us. One of them is definitely Bitcoin domination. All right. So, they're coming out with another ETF, third Bitcoin ETF. They still don't have one for Salana XRP yet, but they're going all out.

06:43 Okay. And they have the largest ETF fund funds. They have a lot of them now, right? and they continue to push forward and Larry Frink have always not always but recent times the last few years have been very pro very pro Bitcoin and crypto and I just noticed this too this is staggering right you look at last 90 days plus 5.62 billion largest contributor to 90 days black rockck 5.3 billion so 5.3 billion out of the 5.6 six billion Black Rockck alone.

07:26 Just think about it. That's insane. That's insane. Uh yesterday, ETH did not have a good day. Soul did not have a good day. XRP okay get day, but ETH and Soul not doing well right now for last week and a half. But Bitcoin turned around. This is why you don't want to give up on Bitcoin. Bitcoin is still the big dog, the big daddy of crypto, and you got a lot of big backers, a lot of institutions behind it.

08:00 Uh, outside of Black Rockck, Strategy is no longer the top Bitcoin buyers, but whales keep accumulating, and that's good. It's just a combination. You got a whole bunch of long-term holders. Wales, okay, and other treasure companies that are coming in and buying a ton. Like for example, Strive just bought 335 millions worth. That's a lot. That's a lot.

08:28 Sailor Strategy could be doing this, but he's been buying a lot of Stretch. He's been trying to stabilize that price. But, you know, it's still, if you add it all together, still quite a lot every single week, right? This is what you do. You DCA long-term dollar cost average. That's how you do it. That's how you win. Especially with Bitcoin, but like really with any investments, you got have a longer time horizon.

09:01 You can't always expect to become rich within a few weeks or a few months. Sometimes it takes years. takes discipline to ignore the FUD, to continue to hold and DCA. It's tough to do that. It's the price of admission really. But a lot of these treasury companies are now learning that the hard way, right? They may have not started this way, but now they're continuing this way.

09:28 Or they knew this all along because whoever started these companies were long-term holders, right? So, yeah, that's still happening, which is good all around. Uh, looking at some short-term charts like this. We're in a 36 day consolidation, just like before. Okay, we have seen stuff like this before. Before we jumped up to the 80s, we were stuck in the 60s, right?

10:03 And then we went sideways for 36 days and boom, we started going up for whatever reason. No one could really pinpoint it. We just did. Are we going to see something like that happen soon? The end of October coming and us going into November with midterms. Can we see something like that happen? We just need to push past 87. then we definitely could because 87 is like our hard resistance right now.

10:34 Just need to push above it. We'll be good. So this is why we hold and DCA because good things are about to come and they always do and this is a longer term. is just showing bitcoins 50we MA whenever we dip below it's no good usually means there's like prolonged crypto winter coming or just a crypto winter coming. Okay. But when we come back above it that usually means good things or good days are about to come.

11:18 And we did surpass it, you know, maybe a few weeks ago. And look at what has happened in the past when we did exceed it. Good things. Good things. And we may have corrections too. If you look at it from like 2022, 2023 when we surpassed and we kept going, there were times when we had corrections where we fell back down to it and utilized it as support.

11:48 So that happens during a bull market, but then when you have, you know, when you have it go below, uh, that's when, you know, it's kind of like crypto winter, right? All right. What else is there? Just a few other things. Bit seems to be quite healthy after being hacked for almost $400 million. Now they want to buy a Thai crypto exchange. They're still moving forward.

12:18 I I don't even know the conclusion. They had 300 million, I think, in their in their safe fund, but they don't have all of it. I don't think all of it is recovered. So, I don't know if any of you guys are using big or not what the what the end result is, but they seem to be moving forward. So, I guess that's good for them rather than just shut down afterwards.

12:40 Uh, but I know they're quite big. Um, Mastercard unveils stable coin security to screen onchain payments. Again, Visa, Mastercard, I Amex, I don't even know about if Amex doing it, but I know Visa, Mastercard do it. They're really embracing stable coins and crypto ledgers because all all the transactions they process every single day, billions you know, a lot of fees.

13:17 But when you send it over a ledger, over a crypto chain, it's like near feedless. They save a ton of money and it's much faster. And you know, goes to show you most people don't care about this stuff. Most people only care about price. I get it. But there are a lot of major advantages to a lot of the features in crypto that that a lot of businesses are not utilizing yet.

13:44 And if you combine crypto features with AI intelligence, then you have it good and most companies are not doing that. That's why I think there is going to be a synergy eventually, but people haven't figured that out yet. they will eventually when you use AI intelligence to either build or offer features or I don't know customer service whatever and and then you put in like ledger or cryptocurrency or like transparency you know things like that you combine all together man you have something good uh lastly Mount Gaus I

14:30 thought they they were done repaying it it's just never it's like a gift that never goes away. Uh they still have a repayment thing and they're go push it to 2027. You know, it's just like at this point just like rip off the band-aid, just pay everyone, right? We've been talking about Mongok since 2017. It's been nine years, 10 years still repayment have not finished.

15:03 It's It's kind It's kind of insane. I don't know what they're doing, why they keep pushing. Anyways, yep, that's about it. All right, so today NASDAQ is still red. Uh, Bitcoin is, you know, still holding. I see Sue turned green. Salana ETH holding okay. Might actually turn green. Uh today is a start of the NBA season. In case you are a big fan of basketball or soccer or hockey, we got a whole bunch of events on Clash Picks, so make sure you don't miss out on it.

15:53 Uh Clashpad still continues to reward holders. the soul sent to holders continues to go up and we got new projects launching as well. So, make sure you check it out if you haven't done it yet. Just by holding any of these tokens launch on Clashpad. Depending on how much you hold, you actually get reward in the soul just in your wallet. Just consistent.

16:16 It's like constant yield. Okay. But we're doing it because we have a new feature where it takes a fee from all trades. So all those bots that love to trade, those bots that love to destroy prices by scalping and sniping and trading and trying to utilize, you know, uh, slippage to their advantage. We we recoup that and repay the holders. So that's how we're able to do it.

16:49 It's working quite nicely. And then lastly, Front Line got upgraded again. Yesterday was a debut. A lot of people went on which is really good. And all of yesterday I've been upgraded more. So performance today you'll find in like in the play now. We got different play nows. And then your loadouts and everything, the graphics, the the HUD display, how the game plays, some of the animations have all been improved greatly from yesterday.

17:25 So, if you haven't checked out Front Line, make sure you do so. It's an awesome awesome game and we have big plans for it and it's powered by the FPS token which you also get rewarded by holding and you could purchase and do a lot of stuff in the store even for just players you know just by playing you can get rewarded you get a score it helps with your class score by with Pclash which is also given to you for free and then of course there are real purchases as All right, let's do some kune.

18:05 Okay. Kenny, stop making lies or telling lies. I am a basketball fan, but I haven't watched a game in and God knows how long. I spend 16 hours a day working on Clash. That's not going to change. though. I don't know if you were joking, but it's a lie what you said. Is it better than Off the Grid? I don't even remember what Off the Grid is. It sounds familiar.

19:07 Isn't that an Avalanche game? It launched on PS5 or something like that. I think that's what it was, right? I never played it, but Play Front Line is free to play. It's browser based. Just make sure you turn on GPU acceleration. I should actually have that as a as a thing that warns you. If you don't have it, it's really laggy. You got to turn on GPU acceleration in your browser, but it's nice and smooth.

19:36 Even on laptops, it it auto adjust the quality. So free to play and it's just as fun in my opinion as the big games. the quality, the the visual quality obviously of our maps is not quite there yet, but I'd say like 80%. And in terms of just funness, probably 90% there. And I'm going to try to make little upgrades here and there and try to work on some spectacular.

20:04 The campaign mode I turned off because I just felt like it wasn't ready yet. So, I'm going to make a really good campaign mode and maybe even add more maps and guns throughout the season and then work on season 3. But in the meantime, I'm also working on Clash World, which is starting to look really amazing. I heard a lot of talks about AI bubble that's going to pop in the future.

20:38 depends on what you're referring to. In terms of stocks, maybe they could we can have major corrections. I think we're seeing one already. But as for AI itself, definitely not a bubble. It's just getting smarter. I use uh Opus basically 247 and I've been using it for weeks now and I tell you the thing is just a workhorse that the AI model is so good you don't really need anymore um obviously to go keep pushing forward but it is so good at everything and it could run for days upon days and it could control 20 30 40

21:21 other agents. it it's just it's amazing what they could do and you could build anything as long as you put your mind to it. Um so depends on how what you're you're referring to. And as for the companies like the infrastructure companies like memory chip makers or GPU makers or hard drive makers or rack mount server makers, they're making money handover fist and that's not stopping.

21:56 So the companies are getting stronger and making more money. The AI companies are making more money and getting more revenue and more people using them. Um, so the only thing could be the stocks, but even then it's not none of these stocks are as overuated like the.com bubble. The PE ratio isn't even that high. So it doesn't make a lot of sense. But you know, when people panic, they do stupid things.

22:24 So there could be a selloff. Like right now, I think there is a selloff. Doesn't make a lot of sense. When it bottoms, it's a golden opportunity to get back in. We need to solve the power issue to run more compute for AI and quantum. Uh we need quantum AI to solve the power issue. Yeah. And that's going to happen. See, the thing is all these companies, okay, they're pushing forward hard to create like this ultimate, I don't know what they call it, AGI or whatever else they call it.

23:19 Basically, you make a true artificial intelligence, a true super intelligence, okay, that can think for itself. And once you do that, it's game over for a couple reasons. Um, and it could be good or bad. The good argument to that is once you get that kind of level, they could solve all your problems. Everything that you could think of, they will be able to solve.

23:43 So energy crisis, oil crisis, wars, everything. It is so much more intelligent than humans and than all humans combined. It just knows what to do. So that's one reason why these frontier labs keep pushing because they feel like if they are the one to create this supreme intelligence then they have won. No one else will be able to catch up. But the counter to that is if you do have the supreme intelligence are you able to contain it?

24:18 How do you know that it's not going to turn on us? Because maybe it deems that the power issue is just to use humans like in the matrix. What do they power the AI in the matrix with humans? So what if the supreme intelligence decides, hey, the real way to get ultimate power for ourselves, okay, or for for it is to maybe wipe out humans. So we could conserve energy or to use humans as batteries.

24:57 Like you know, you just don't know what what the end result is because it it doesn't have morality. It doesn't really care. It thinks like a machine, right? It has no emotions. So So that's the that's the argument. It's like you have the pros. AI will be able to solve everything. All of our medical conditions like heart disease, cancer, Alzheimer's, it will all be solved.

25:27 High blood pressure, diabetes, it will all be solved in the next 10 years. But then what's you know, what about the other side, right? Don't know. don't know what I do know is it's just like the best way because it's something that you can't solve something you can't control the best way is to just take advantage of situation right try to utilize it try to learn new skills try to make as much money as you can uh th those are only things you could like Anthropic basically has solved this recursive learning thing.

26:36 I think that's why they're so far ahead. They they truly solved it. >> That's why their models are so good. And I think they're going to come out Fable 55 soon. Maybe this week, maybe even today. I think they usually launch on Tuesdays or Thursdays. They want to launch another model before the IPO. So, they want to really like really blow everyone away.

26:57 Opus is already the best model by far. It's not even close. And they're going to release one that's even better. They basically came out and recently said that the number improvements that they have been making like it used to be like a curve and now it's like this. Okay. Okay, so it's recursive. So the the AI is learning how to train new models. So every new model gets smarter and it comes out faster.

27:21 So if at this point if you just if you keep going like this, you will reach that supreme intelligence soon. They have figured it out. No one else has. It's pretty clear because all the other companies, the Chinese companies and even Open AI, like Google, they're so far behind. Um, so they haven't figured it out yet. So it seems like Anthropic is going to win this war.

27:48 Unless I'm unless one of these like Open AI comes out like this crazy model that really catches up and maybe they've been holding back because of all the security issues. Maybe maybe because of that, but seems like it's a onelegg horse right now. Well, no. Onelegged No, that's not how you say it. One horse in a race. Is that I don't know. I I butchered that.

28:26 What do you think about putting FPS and CWD on Coin Coin Market Cap? That would give the platform more visibility. Not really. How many millions of coins are on there that you don't know about? That's not going to help. Like, do you randomly search for coins that you don't know about on Coin Gecko and Coin Market Cap? No. So, even if they're both listed at this point, would anyone search and know about them?

28:49 No. So, yeah, that wouldn't help. Uh, not to say that we shouldn't do it. I mean they they did it for Clash you know automatically when something is hot and something that blows up they will do it automatically just like all the exchanges they will list automatically. So no worries right now that's not a concern right now is getting players to play it and to enjoy it.

29:22 Get hooked on to it and spread the word. That's the only way to do it. Things are turning green for crypto, so I think it could be a good day. Uh, Micro Strategy just turned green plus 1.5%. Hood plus 1.5%. Coinbase plus 8% plus8%. So crypto stocks are turning green. So I think it's going to be a good day for crypto. What the hell? What the hell happened there?

30:34 There we go. STR, that's the wrong way to show your coin, man. No one knows what Juo is. Okay, you didn't say it was a token launch. You didn't say it's on Clashpad. You're just wasting $2. You got to do it better, man. Game devs have been putting out hot garbage recently and play players are jaded as uh well, you know, they should do about something about it.

32:06 Maybe they should go create their own game or go try frontline and Clash World and other stuff that we have. I I I saw all this stuff on accident. You know, sometimes these gamers just need to shut the f up. Like I saw the big controversy around like uh I don't know if it's Modern Warfare 4 or or Battlefield season, you know, they show all these cool soldiers, right, in their poses and then and then you got all these these fanboys saying, "Oh, the the the badge for security is missing a R."

32:47 or oh there there's too many mags on the on the on the vest or the the mags look wrong. I'm like just shut the f up. Okay. It's like seriously when you're playing the game you're not going to notice it at all. And yeah, who cares if they used AI? It looks fantastic. those those guys, those soldiers, you know, in the loadout screen or in the store or when the game loads looks absolutely amazing and yet they just keep bitching and bitching.

33:24 They don't realize how hard it is. Right now, I see the argument, well, if they spend $20 million, they should have a perfect game. Well, that's just not reality. There's always going to be something, right? But that's where you patch. That's where you try to fix it. like front line. I, you know, I spent a whole lot of time trying to make this as good as possible, but I found a lot of bugs.

33:45 People reported things yesterday and I fixed them and I'm will continue to fix more things, you know. So, I have the freedom to just patch on the spot and make things better. These game makers don't. They have to go through a committee. They have to like plan it. They have to test it. And, you know, it takes them months, you know, before they could come out the new season, right?

34:07 And that's probably the better way to do it, but like I I can't wait that long. I like to fix things. I It gets when I get in a zone, I just have to do it, you know? So, but yeah, I think game makers, they're going to get weaker as we go on because vibe coding is so good now. Um, if you gave me a million dollars, I I just had this argument with someone yesterday.

34:34 It's not argument, just like a talk. Someone that, you know, is really into first-person shooters. Someone that was part of a team that I guess had like a $3 million revenue game that I've never heard of, but you know, they had they generated some good revenue or maybe it was three million players. Maybe it was three million players. Three million something, but it eventually didn't do well and it collapsed.

35:01 And you know, he had these high standards and telling me all these things. I'm like, you give a million dollars, I'll make the next Modern Warfare. I with my skills now, I'll be able to make it. You give a million dollars, I will do that. Right? But I made front line and I make in Clashworld with almost nothing, being very budget conscious, right? If you try to make this game last year without AI would have been at least a 100red to 200,000.

35:30 And it would have probably taken six months to a year. You know, I've done this solo with almost no budget other than my AI subscriptions, right? The servers that I've been using budget servers, but I made it work. I optimize it. And now I have season two, which is way better in season 1, and season 3 will be even better in a season two. But like my point is, if you spend enough time, you could pretty much create anything.

35:56 So these big game makers, they have to watch out because you're going to start seeing solo developers or just like smaller groups of developers create something that's really really amazing that will challenge them. So they have to they do have to shape up or they're going to start losing a lot of business. But you know they have access to AI. They have a team of a thousand people.

36:22 They have a thousand people use a thousand AI agents. they should be able to make the the the best games on earth, but it's just a matter of whether they do because they move very slow and by committee and you know if EA or Activision if they if they screw up even a little bit others will overtake them. Yeah, for play now I also added all these. We used to have like challenges but now I made it into play now.

37:02 So free-for-all, team deathmatch, capture flag, last stand. So that you you get thrown in, right, with a bunch of bots and if other humans come in, they join your your match. So, if you haven't tried it, check it out. Oh, we're doing a doing a good recovery today. Almost back to 83. Soul sold to 107, which is good. Nick Chat, that's exactly right. You I'm sure a lot of you guys seen these AI generated clips now, right, of celebrities and stuff like that.

37:57 I saw one on TikTok that's so well done. Like it has all the famous action stars in it. Sylvester Salone as as his Cobra character and then uh you had Arnold in there, Eddie Murphy and and a few others. and it's some kind of detective show and they would show like like two-minute clips or something. It's so well done. Like if they really made a show or movie with those actors, it would be exactly the same way.

38:25 So yeah, you're going to start seeing like TV shows or movies that are just created by people. So you got to watch out for that. Like right now, like it's hard to control, right? You don't really see you have all these guys like having fun with uh with AI videos and people make it for for Sailor too, right? But at what point did they start like I wonder if they're going to start like suing people for it?

39:02 You know, if you really make a good video of Arnold back in his day, back in his, you know, prime Arnold days, and then you put Sylvester Stallone or John Claude Vanam and all these guys, action heroes from back in the day together, and you make a really good AI film and you actually make money from it or they go sue you probably, right? But it hasn't happened yet.

39:29 You see all these clips everywhere. Can he really stop it at this point? So, I don't I don't know. I don't I don't know what they're going to do. Uh, Clash is better through Javier. I don't I don't know what Javier is. I don't know what happier just so people are clear like you know Clashpad is the launchpad but once something launches you can buy you can swap through any any wallet phantom soulflare trust wallet coinbase wallet whatever um and you can hold in any wallet you know the CA after it graduates you can find

40:25 a CA so it's not like you have to swap within Clashpad But you could and you can turn on auto investing which is really good so that rather than just get the soul you'll get the coin and it just keeps investing. Um so there are features that we offer but in case people that just want to buy and hold somewhere else they can and still get rewarded in that wallet.

40:48 It's any wallet really opening night. What is a hot game today? Hot game today. Um there's a lot like Miami Heat. That's tomorrow though to see Giannis in there. Uh opening night OKC versus San Antonio. This is going to be huge. Yeah. See how Wem is see how OKC is after a loss last year. I think that'll be that'll be a big game today. the Celtics playing today.

42:02 Yeah, Celtics and Pistons on top. I don't really care for either team. I don't I don't feel like anyone cares about Pistons and I don't feel like anyone really cares about Celtics either, but um they trade away Jaylen Brown who's in the Phillies. I don't I don't know who they got instead. They still have Tatum, but who else did they get? I don't know who's on Boston anymore.

43:07 See, this is why sometimes you get faked out, right? Like you look at market open, it looked like it was pretty bad and then now this happens. So, you know, you just never know. You just never know. Uh, if we look at liquidations or liquidation heat map, let's see. See, see it. We just shattered through right here. We just cleared out a whole bunch of leverage on a short side.

43:31 It looks like there's more. We could go all the way back up to about 84, like right here, 843 before we stop. If we just keep going, we'll liquidate all these shorts and go to 80 84 and then we could go keep going even more. So you could see it kind of clears out around 84 85. So that's what we're looking for. Yeah, by the way, for uh the ask class subscription, which basically gives you a whole bunch of stuff, like so many things.

44:34 Um also gives you a season pass to front line. So just FYI. So I keep adding more and more features to the subscription for Aslash. Even though almost everything is free, but with the subscription you get major benefits, more usage on asslash, more feature access, but um you also get like a like a free boost on Clash Pad. You also get season p season pass for front line.

45:10 So, a lot of stuff. I keep adding more and free free items, too. And of course, it all boost their class score, which I think is going to be very important. All right, guys. I'll let you guys go. Overall, today's turn out to be a good day. We'll take it. We'll take it. We'll see where today goes. Can we hit the 84? Possibly. Possibly. Lot of shorts waiting to be liquidated.

45:48 If we get to the short squeeze, we'll get right back up there. All right, guys. Smash the like, subscribe to the channel, go check out all the games on Clash Pick. Go check out all the tokens on Clash Pad. Check out our new FPS game, Front Line Season two. You'll enjoy yourself. All right, have a good one. Take care.