Bitcoin Is Quietly Preparing For Its Next Rally Transcript, AI Summary & Key Points

00:01 Welcome back to Cryptos Us. I am George. We're all George. Welcome to another market open stream. Today things are looking a little bit better. Just like yesterday, Bitcoin is quietly preparing for its next rally. So, let's talk about it. Let's talk about what has changed over the last few days and why things are looking better once again. Let's Let's do it.

00:29 Let's do it, guys. Welcome, welcome, welcome. Bitcoin is right around $80,000. All right, so I don't know, slightly better than yesterday. Yesterday seemed like we were we were heading lower, but you know, we found our footing. 80K is pretty important for us to hold, right? Right. It's one of those psychological levels since we've been there for a while.

00:57 We'll see what happens today. We have been holding like the last few weeks a couple times. We want to break down and nope, we held. So, we'll see what happens today. The US market is in green, so that is going to help. most things on my watch list is starting to be starting to move and starting to go upwards, but we'll see how the rest of the day goes.

01:23 NASDAQ is green right off the bat. That is good. Now, something that should help is tomorrow's FOMC press conference. Okay. Now, why should this help? because we're not expected to get a rate hike. We go get a hold. It's a 90.6% chance we hold. So, that's good. Now, depending on what he says, uh it could be, you know, hawkish or dovish. Uh he has no pow, but he has said some stuff in the past, okay, in his short stint that has spooked markets.

02:08 So, we'll see. And I think he recognizes that he is, you know, prior his prior life to this. I mean, very wealthy, made a lot of money. He understands what what moves markets. That's why he's been trying to go away. He he's been trying to make it so that the Fed doesn't lead markets, the forward guidance and all these things that he says, you know, moves markets.

02:34 He's trying to move away from. So, he's very aware of what's going on, right? So people study what he says during these uh Q&A sessions. So we'll see. But I do think the markets are pricing in that this will be a nothing burger that he is going to not hike tomorrow or him and other governors will probably get one more by the end of the year in December and that nothing else scary gets said.

03:03 But I guess we'll see. We'll see. I do like the way he speaks though. He addresses everyone by their first name. He looks at them directly. He has a nice demeanor. Like the way he approaches talking to people is something that everyone should learn, right? Like I like it it makes people feel like they're listened to and stuff. So I I actually if you listen to him talk, it is way different than how Pal used to do it.

03:29 Um anyways, Bank of Japan also going through this. they're expected to hold rates this week unless they do a sudden hike. I mean, they're they're a little bit different. Japan's currency is uh is in real trouble. They also their bond yield uh is skyhigh. I mean, you name it, they have all these problems, okay? Way worse than a lot of other countries.

03:55 So, we'll see. But the last time they raised didn't scare markets off, okay? The carry trade thing seems to have dissipated. But of course, no one wants to see rates from central banks go up across the board around the world, right? Holding is definitely preferable at this point. All right. Outside of these things, we still have a lot of tech earnings coming up, right?

04:27 uh something that is you know related to a lot of what's going on with earnings with AI with tech this came out Microsoft is offering buyouts to 60,000 employees so this is a huge thing this is not 6,000 60,000 and they say this is because AI is leading the push to efficiency and they don't need as many people anymore. So, we've been hearing about this.

05:05 Okay, so this definitely helps their bottom line. All companies that have figured it out how to integrate AI fully or partially and have figured out how to increase their bottom line or save their bottom line by improving efficiency, right? it. The companies themselves are going to do better. They're go grow and make more money and so forth. But we're seeing a lot of people now getting canned or bought out, right?

05:38 This is actually I read the details. It's very very generous. A 39month severance and two stock offerings or something. And I mean they're they're going to be well compensated, but still um you're going to see a lot more of this going forward. I I've been saying this for a while, for a couple months now. Almost no one sitting in front of a computer today will have a job in the next 5 to 10 years.

06:05 So you got to prepare for that. That is no joke. If you are working in front of a computer, okay, you're not doing some kind of laborous job. Most likely in 5 10 years you will not have a job nor will you ever get another job. So it's very very important between now and next 5 to 10 years to maximize your wealth or and or to figure out how to use AI to help you make more money or start a business or something.

06:36 Okay, this is no joke. AI is only going to get smarter and it's only been one year ever since I got into AI and started building just from February to now. So that's only eight months. The intelligent level and what an AI can do has probably gone up 5x. Now you multiply that 5x over the next year, two years, five years, 10 years, it's not going to stop.

07:08 The intelligence is doing this. So there's going to be a lot more of this. You got to prepare. Anthropic is also, you know, they're doing their IPO, right? Internal document to show that they're actually pretty healthy. There's a lot of lot of talk about AI bubble and how this is all fake. It's not going to lead anywhere. is just to glorify Google. It is certainly not.

07:29 If you have used it, if you have used any kind of coding, you'll know it is not. It could do so much more than Google searching. Uh and they're actually making like half a billion dollars per month right now. Cash flow is green. They're actually making money. They're not losing money. So, Anthropics IPO one day. I don't know which day this the ticker is actually going to go live.

07:54 uh maybe today, but but uh they're go they're going to be valued probably at two trillion once they do officially launch. Uh and then Nvidia also launch investing three billion in Meta. So all these big tech companies, they're all on AI. The only exception is Apple. They're sitting, they're just selling hardware, hopefully capturing the market, but they have no AI products, nothing.

08:25 And they compete with Nvidia as well because they have their own chips. So, we'll see if that strategy is right or not. But they're they're like the only big guys that are not really into AI in some significant way. I mean, even Amazon is because they have AWS and a lot of AI is hosted on there and a lot of DAPs and apps are on there. So, Yeah, lot of stuff.

08:52 Lot of stuff. So even though some of the tech uh stocks and you know the whole tech sector is selling off a little bit, it is definitely not a bubble and it will only continue. And I'm hoping there will be more companies in the future, okay? Or more projects that integrate AI and crypto together because the synergy is huge if you think about it. Anyways, moving on.

09:24 What else? Um, ETF, we had a reversal 110 million yesterday. So, that was that's good. Uh, ETH still did not have a man, ETH is horrible. Minus 88 million yesterday. Uh, Soul minus 8.2, XRP minus 3.6, but Bitcoin had a big comeback. So, again, Bitcoin leads the way. I think most of you guys know that now after this last cycle too many people right have discarded Bitcoin said I'm not going to make any money it's too big already I got to put all my money into alts this last cycle proved that is not the right strategy you

10:07 still have to hold a lot of Bitcoin because it is the big daddy okay has the most name recognition the first cryptocurrency and there are a lot of institutions and holders that continue to DCA and hold along the way, right? There's just a lot more faith and conviction in Bitcoin than some of the other alts. Not to say holding alts is a bad idea, but it's never a bad idea to hold a lot of Bitcoin.

10:43 Let's just put it that way. All right. Uh and Galaxy Digital Mike Novograt says now is the time to accumulate. Why? Improving price trends, resilient ETF demand, rising US debt support, and the patterns right now shown by Bitcoin's movement is very similar to previous recovery times right after crypto winter. Right? So, he's putting it all together and saying this is the right time to be accumulating.

11:17 And I I agree with that. I mean, I've been through almost every single cycle and every single time it's the same thing. When you hit bottom and you're recovering, you're not quite sure that you're recovering. And then you break through some milestones and you're like, "Okay, we're definitely recovering." But during those periods, just months upon months upon months of sideways movement, sometimes you retrace down a little bit and then everyone gets panicked again and said, "No, no, we're going to go make a new note and

11:48 no, we're not." And then, you know, you wait some more months and then finally recover and keep going every single time. It's never just a straight moonshot recovery right after bottom. That's that never happens. That's a slow gradual and then it builds up and it keeps going right. So very similar very similar them compared to previous recoveries. Uh Stone Axe I don't know who Stoneax but they live strugg 34%.

12:23 As new stock offering bolsters Bitcoin strategy. Well makes sense. They're basically them and everyone else. Bit mine metanet you know all these treasury companies. They're all figuring out, hey, we need to offer more shares just like strategy so that we can raise more money and buy more Bitcoin or ETH or whatever else, right? So, it's a new strategy and Sailor's kind of proving that it works even though his Bitcoin buying is erratic now.

12:50 hasn't been nearly as much as before, but he's proving that the system works as long as you can keep raising money and keep buying the underlying asset or buy the the preferred shares back to kind of stabilize things and that's why so many other people are doing it. It's kind of leading the way in that in that sector. Uh what else? Bitcoin heads for red October with four bullish signals.

13:21 Okay, here's the thing. If you look at our returns so far, we're about 4.3% down, right? Which isn't that much. We could certainly recover 4.3% by the end of this week. There is a large possibility that that will happen, but we'll see. Last year we also had a red October minus four, you know, 3.9%. So very similar. Okay, but we're not like deep deep red.

13:54 It's certainly not like June when we fell down 20% or February where we fell down 15%. Okay. So, we certainly recover and like I said, the signals, the patterns, all the things that I've been showing and looking at is very similar to previous times, previous cycles when we come off from winter bottom, right? It it's it's never a moonshot. It's always like rocky, but you're slowly trending upwards.

14:24 And that is what we're seeing. But after the FOMC meeting and a few tech earnings this week, we could s certainly be pushed upwards. And plus, I do think tech and AI is oversold as well. So, I think Wall Street will recognize that and come back. But we'll see. And let's not forget in less than two weeks, okay, like a one and a half week, we have midterms.

14:50 I don't have anything to show you guys for midterms, but the ones I've seen after midterms, like traditionally, Bitcoin starts skyrocketing. It's usually when Bitcoin actually finds a bottom. And then also stocks starts skyrocketing too after midterms. So, we'll see if that holds true this year as well. So, there are a lot of things in play, a lot of short-term things.

15:11 And then we have long-term things, too. Okay. So, this is showing that some long-term holders are selling, but that's actually a rally signal just like this chart, okay, that shows that Bitcoin held for more than 18 months have gone down. Shows some long-term holders selling because they lost faith. But normally that is what happens, okay, when you find a bottom recovery.

15:39 So, or recover. So, it's actually you could take it as a rally signal. Okay, that even some long-term holders capitulated. They couldn't take it anymore, but that usually precedes a rally, a recovery. So, that is good. That is good. And here is what it looks like when we do recover, right? You have 364 days of negative and then you start recovering back up.

16:16 It's not it's not exactly the same because this cycle we didn't go up nearly as much and we didn't go down nearly as much. But you know what? History doesn't repeat, but it tends to rhyme and it's looking exactly like that. All right. Outside of those things, uh, not not much else. Ripple fans, XRP fans may like this. Ripple gets its own trust charter.

16:55 So now, now they are a bank. Pretty soon you could walk into a Ripple bank. How crazy would that be, right? Ripple obviously has been making strides with a lot of a lot of things like tokenization and and smart contracts now, you know, with their stable coins as well. Uh so now I don't know what they're going to do. They're going to do they're going to do a lot.

17:28 They're going to be able to offer their own stable coins, probably offer their own securities, right? All one shop. So, pretty good. Pretty good. Uh, what else? The office of comproller is calling on community banks to become payment stable coin issuers. So, how weird is that? Like banks being told, hey, you guys should should issue stable coins. And none of them want to do that because they don't earn any yield or business by doing that, right?

18:07 Well, they could charge a fee, I guess, but um but that's something that they were the banks were fighting about with uh with the Clarity Act because they don't they don't they can't make any yield by holding people's stable coins and stuff and they can't borrow more money with people's stable coin, although that might change. Um but yeah, they're they're probably not too happy or thrilled about this.

18:35 All right. That's pretty much it. Uh, not a whole lot of movement today. We're above 80K again. It's kind of like a stale green day, although some are moving upwards. Uh, AMD is up 3%. Coin Robin Hood is up about 3% but Coinbase has turned red. Micro Strategy barely green. XRP after that news up about 2%. So it's kind of like a kind of stale day right before the FOMC meeting.

19:25 So that's the best way to best way to think about it. FOMC meeting. A lot of investors still kind of wary what Wars is going to say during his press conference. Is he going to be hawkish or doubbish? So far, he hasn't been very doubbish. You know, Trump appointed him with the understanding that, hey, his goal is to lower rates, right? and he's always been dovish on the things they have said, but you know, right now he hasn't been saying a lot of dovish things.

20:03 All right, that is pretty much it. Uh, Clashpad still paying out. Awesome. 665 soul still paying out. rewarding people for holding like CWD and FPS and all the other ones. Pot actually has been doing pretty well to holding. Baggy, you know, very active in Discord. GG. These guys are doing their thing and you're getting rewarded just simply by holding.

20:36 Uh Front Line updated it completely again. new store, new weapons, new maps coming. Trying to get some influencers to cover it. Um, and other improvements, explosion improvement, fire improvement, all this stuff really coming together. So, if you guys have time, jump in, play a match or two, get your friends, get your son, get your daughter, get your family members to play and spread the word.

21:10 All right. That's pretty much it. Let's do some kuna. Oops, wrong one. I love the new weapon add-ons for P Clash. I made a game so that it's not really uh you know paid to win. So almost everything introduced in the game you can earn with XP just by playing it, you know. So you level up and you get new weapons. Pclash. Okay, we made some changes with the PC class and this relates to um clash pickics people too.

22:49 So in uh in front line you could use your Pclash. Okay, so in front line you could claim it once a week. You get a hundred and then uh and then you can earn it in the game and you can earn up to 50 per day and you can also spend it in the store for items and stuff. But this relates to Clash Pix because I've changed it now that PC Clash doesn't start over every week.

23:16 Okay, you could actually accumulate it. And the reason for that is for front line and also for Clashpad because you could use PClash to upvote projects, right? So that is something new. But also something new is all of your accounts, okay? All of your wallets and everything that you have hooked up to your Clash project, you can only claim once. You can't send all of your Clash from one wallet to another to another to another and claim like like infinite amount of Pclash.

23:48 that has been shut down and some people were doing that and abusing it and I just recently discovered that um didn't really think that it mattered but on clash pickics you can win real rewards with clash by how well you do with plash so um I shut that loophole down but that's something for a flant line as well so and we do have our own FPS token too that you and spend.

24:17 But PC Clash is one of the ways that people can get rewarded um and play for free on Front Line, get earn earn stuff. I mean, and on Clash Pickics where you can play for free and make predictions. elections apparently negatively affect the market till about January. That's actually not true. I don't have it, but I've shown it before. If you look at Bitcoin cycle, all previous cycles, the turnaround point is exactly at midterms or election years and then it starts going up.

25:15 Um, obviously doesn't mean that it's always going to be like that, but historically that's how it's been. And the four-year cycle, you know, the having event always happens on an election year uh because it's every four years. I'm still wondering when Anthropic is going to drop their stock. Yesterday they filed stuff. You know, the numbers came out and they were actually pretty good in terms of all the companies, tech companies.

26:34 They have the second largest cash pile like a hundred something billion and Thropics numbers actually look really good and their models are the best. So we'll see we'll see how they do uh when they actually launch Is there a time frame from when Clash will be released? No. No, there isn't. I'm working very hard at it. So, just know that. But it's a massive game.

27:15 There are a lot of things at play. Even finding all the little mistakes here and there is tough. It's It's a game with, you know, 50,000 buildings and thousands of streets. and you know, thousands of parks and trees and and everything that you could think of. It's uh it's tough to kind of figure it all out. So, the the endeavor is massive. Um, but I'm learning a lot and a lot of stuff that I did in Front Line will carry over, which is good.

28:00 And there are stuff in Clash World that also carried over in Front Line. But it's going to be good. It's going to be good. I mean, I would say Front Line is really good. If you played any, you know, FPS game, come to Front Line. you'll you'll you'll see the you know similarities. It'll feel familiar but obviously we have made some great great improvements and we have our own things.

28:40 Get the class score up. Finally broke a th000 points today. Congrats. Congrats. Clash the clash points and clash project I told people don't ignore it try to accumulate it's going to help you in the future in some way right a lot of people still do not participate in anything sure they hold a lot clash but they don't do anything else besides that so um that's okay if you just want to hold in DCA you still get a you know point value and accumulate more But if you utilize our our projects, you're going to get even more.

29:20 So, I'll just say that Man, it's pretty quiet. No one's really saying anything. Um, if you guys haven't joined, you guys should join Discord. All right. So, I I'm in the Clash ones a lot. So, I posted like this one in games, but a lot of people are in here talking about Frontline, uh, you know, Clashpad, all the projects, you know, all the people that have launched, they're doing their thing to spread the word.

30:12 You know, our main chat just talks about random stuff, right? But we also have like normal chat, like general chat and and technical analysis for people that, you know, like to trade and stuff like that. There are other things in here. It's just generally speaking, I'm only concentrating on Clash right now. I mean, even Clash pickics I mentioned about yesterday I posted about, you know, the changes for PC Clash, right?

30:39 Because there are a lot of people that are making predictions on Clash Pics. So, I post that in there. The the upto-date information will always be in Discord first. I did post this video yesterday. This is an upcoming map and with one of our new rounds, explosive rounds. It is fantastic. It is fantastic and it looks great, too. I might as well just play it for you guys because we're here.

31:13 Let's see if I can get this going. Clean. One of the new things, one of the new match. >> Scratch one. Keep moving. >> Double kill. >> Eat that [ __ ] >> Bloodthirsty. Double kill. >> THERE. GOT ONE. I don't know how that's coming out. MY SCREEN IS DROPPED HIM, but I'll BE INTRODUCING [ __ ] DOWN. >> Double kill. >> Stay down, [ __ ] >> RUTHLESS. >> Enemy Anyways, just to show you guys a little bit.

32:27 >> Down. >> He's down. >> Double kill. Enemy kill. Triple kill. >> Pretty good stuff. Craig Clash poker. I could do that. I've been thinking about that. But uh it's still considered gambling. So even though if you think about it, like like poker is really skill-based. skill-based stuff are no longer considered gambling like prediction markets. So, technically speaking, poker should be allowed, but you know, there's too much stuff around it.

33:23 So, I was thinking about how to make uh online poker legit, but many people have tried, many people got in trouble and got like fined millions and millions of dollars and stuff like that. So, not something I want to get into right now. Did you guys not hear any of that? I have my desktop audio all the way up. Did you guys not hear the game? Anyways, it's jam-packed and with the sound and everything, it's awesome.

34:01 You guys should just go try yourself. Is top 55 to 70 class score important? It's not that you have to be in top 50 or top 70. The higher the score, the better. Just know that. So, you do what you can to raise your score. That's it. Just like DCA. It's like asking is 10 Bitcoin enough or 100 Bitcoin is enough. It's different for everyone. But the main thing is to just DCA.

34:32 Get as much as you can. It's the same thing, same concept. I hate it when I have to scope in to spray more accurate because that's how it is. That's built like that on purpose. When you ADS, when you zoom in, it's more accurate than if you're just firing. So, people have complained that it was too too good. So, I actually had to increase the kickback.

35:16 So, Hong, no, not going to be doing that. Yeah, I think poker sooner or later they're gonna allow poker again. Okay. because the government wants more money. Uh, and they're taxing a hell out of out of these services, which they should. If they're making money, they should contribute. But right now, it's still kind of iffy. So, I I would love to do a version of poker where um like I I've heard from people like poker houses, I guess they're allowed because the house doesn't take a cut of anything.

36:05 They actually just rent out seats. Okay? So, if you want to play, you're paying to have the right to sit down. That's it. But like the pot never gets distributed to the house. It's always distributed people. Like that kind of setup makes it legal um physically. So, I'm just wondering if online virtually if you could do it the same way and it'll be legal.

36:32 But again, you know, you could still get sued for it and you have to spend a lot of time to prove it and all this stuff. And there's always all these allegations of like uh of cheating in poker and stuff like that. I don't know. Just it gets kind of messy. All right. Well, I'll let you guys go. Overall, we're in a holding pattern right now. That's okay.

37:05 Nothing wrong with that. Nothing wrong with holding at 80K even though obviously going back to the mid 80s mid like 83 84 would be ideal but you know we got this FOMC meeting tomorrow we got more earnings and you know we got to get through those first but a lot of patterns are certainly similar to previous recoveries to previous rallies So stay strong, my friends. I'll see you guys later. Go check out Clashpad. Check out Front Line. Join our Discord. That's it. All right. Have a good one.