Bitcoin’s $80K Moment of Truth… Will It Hold? 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. Happy Monday. Is today going to be a good day? Because over the weekend, a lot of red, a lot of redness. And same thing, last week it was just nothing but red. So what is this going to week bring to markets to Bitcoin to crypto and Bitcoin's 80K moment of truth will it hold?

00:37 Let's talk about all these things and what to expect this coming week. All right, let's do it, guys. Let's do it. Welcome, welcome, welcome. We are starting on a day right under $80,000 and we dip below uh last night all the way to about 793. Obviously we have seen this right? If you zoom out a little bit over here over here and if you zoom out more you know we've been through it.

01:11 It's just that things are getting a little scary once again. macro conditions seem to be holding us back and there's more or less momentum these days. So, are we going to hold that 80k? Are we go recover back up and get back to the mid80s? Well, this week, let's see. There are some big things happening this week. Very big things. the US market is opening green right now which is good but like I said last week was mostly red and uh and those factors didn't change really um one is oil is still elevated even though this

01:54 says it it it slides 2% it's still very very high. oil is crazy high right now and obviously that doesn't help with a lot of things like inflation and prices and all that stuff right so this is still ongoing and more importantly people want to know whether or not we will as a nation strike Iran last week it was reported that it was imminent that something big was going to happen right and then now you know again We're talking about is there going to be a deal or is this going to be done part of negotiations I guess

02:35 right before midterms we got Trump originally said that no tax before midterm but then last week it seemed like he was about to attack now seems like there's more more decision- making right so we'll have to see traditionally speaking after midterms markets blow up, okay, in a good way. Uh, usually after midterms, you see not only Bitcoin starts going up tremendously, but all markets go up tremendously.

03:10 That's normally what happens with a midterm. But this year, we'll see if that happens. Especially if the war continues or escalates afterwards, then that may change things. But these are things that are holding markets back right now. And of course a little bit of AI bubble fear uh that's spreading. So we'll we'll talk about that in a little bit. But also this happened.

03:38 Not that this is really affecting markets here, but a lot of people talk about how uh this was a shock in Brazil that their current their their current president just won a fourth term and a lot of people are thinking that there's something fishy going on with this. I I don't know too much about it, but I heard a lot of people talk about an accent and this morning too.

04:06 Uh outside of this this week we also have some big big things besides the macro stuff. We got a lot of big tech earnings. Microsoft, Alphabet, Amazon. Okay. Uh you got the memory chip maker, SK Highix as well, right? Last week there was AI bubble fear among many that think that you know things may be going down and AI and tech has been selling off. Let's see if that reverses.

04:40 Okay, because like I've been saying a lot of these tech companies that have reported they're making h money hand over fist. They're not stopping. They're not slowing down. The AI trade is only accelerating. But a lot of people are fearful. They're following the herd. They're selling off. I think we're going to see some big big numbers this week and that could turn things around.

05:08 We'll see. And also, we got unfortunately the FOMC meeting. Totally forgot about that. Yeah, we have the FOMC meeting this week, too. And that could affect things. But you know what? like right now uh right now it's it's pretty much a lock. So if we go to markets, let's let's look at it real quick. Let's bring up the calendar. Yeah, it's a 90% lock, meaning we're not going to get a rate hike.

05:39 Okay. Um but there is a possibility that Worsh may say something that people don't like. Okay, that there's a possibility with POW is always like that. Pow always make these comments that make you feel bearish and hawkish even though nothing is really being said or or there's no plans of hiking or anything like that. So, we'll see. This is also coming up this week.

06:11 Uh but the next one in December could be could be bad if we go if we get a rate hike. But I think that's already priced in. Honestly, markets already know that. Markets already know that we're not going to get a hike this week and then we're go get one next week, next month, two months from now, end of the year. Uh, but we'll see if he says something that really spooks or encourages the market.

06:40 You never know, maybe he says something good. Uh, yeah. So outside of Fed, macro, earnings, we got other stuff too. A lot of AI stuff. Enthropic is going to file today, I believe, for the IPO. I don't know when they're actually going to open up, but I think it's very, very, very soon. And that can also bring a lot of enthusiasm and I'm hoping they release their next model Fable 55 soon too.

07:17 So that could actually bring a lot a lot to the table. Okay. Um actually it could be today actually. I thought it was maybe later but it could be today. If it is today we'll see how well it does. SpaceX obviously when they IPOed it was enormous. over two 2.5 trillion after the first day or second day and then it came back down, but still uh this could be even more hyped up than that.

07:49 It sounds like it could be. So, we'll see. Uh Meta also announced that they're going to try to raise $95 billion to expand their AI. And you got some big companies like Broadcom, Nvidia, AMD, they're all interested. The funny thing is people don't realize Meta, I mean they have their AI models aren't that great. They have MetaMuse, which is a personal assistant that a lot of people do like, but uh one thing people don't know is Meta spent all their cash.

08:23 They actually have no cash. Unlike all the other giants out there like Microsoft or Apple, Amazon, they all have like hundreds of billions of cash. Meta actually burned it all because of everything they were trying to do with VR and AR. And now they're putting everything into AI. They spent like a hundred billion dollars already. They want to spend more.

08:46 So they're actually cash poor, which is why they're actually doing this. But seems like there are still a lot of interest. So, and Elon just raised $40 billion to buy more GPUs. So, it's going to get crazy. And Nvidia and AMD and all the hardware makers, they're set to make billions upon billions upon billions, which is why this is not going to stop.

09:15 So, we'll see. We'll see when the tech earnings come out later this week. A lot of stuff, a lot of stuff going on. All right, going back to crypto. Last week, we didn't end well. Okay, on Friday, we had a minus 142 million. Overall for the week, it wasn't bad. Okay, because we had some good days and then we had some bad days, you know. So, last week was a call at even.

09:41 Uh, ETH actually broke its trend. It had a plus 4 million. sold did not have a good Friday and XRP did. So, it was kind of even kind of even, but that was last week. We'll see what what this week brings with some of the fear and tailwinds that we're facing right now. Um, but there are some people that are quite bullish. There is one person. Okay. Uh so there's um options trading platform called derive that said one trader took a 68 million bet that Bitcoin will climb above $90,000 just after midterms.

10:35 There has also been increase in bets implying that market prices will top out by $100,000 by Christmas. So, do this person or these people that are betting so much on options, do they know something that we don't? Well, according to history, like I said, according to history, after midterms, that's when things usually get really, really good. Markets blow up, Bitcoin blow up.

11:07 So, I'm hoping these guys are right. I'm hoping they are right. $68 million in a single from a single person based on his option trades tells you a lot. He has a he has a lot of conviction, man. Even if you're a billionaire to lose 68 million on on a you know a bet like this is it's hard to swallow. So uh and there are many that are thinking $100,000 by another year.

11:38 So it can certainly happen. Okay, we know things can change very quickly for Bitcoin and crypto and markets, right? It seems like one week there's a big sell-off, another week there's a big recovery, and then we lead into a whole month of recovery. We have seen that time and time again. So, it's not too late. And this is the final week of October, even though it has not been up, but this week could change things again.

12:09 they could change things. Maybe a a ceasefire is announced. Maybe all the tech earnings are absolutely fantastic. Maybe Wars says something really good and positive. There are many things to look forward to this week and leading up to midterms, but we'll see. Here's something else that's interesting. 11 million Bitcoin has no known owner. And a lot of this, okay, a lot of this could be lost Bitcoin like keys lost, hard drive failures, stuff like that.

12:46 I mean, it it's a lot. Obviously, there are a lot of people that are staying anonymous and then you have Satoshi wallets and you have a whole lot, but 11 million is a lot. Okay, considering there's only going to be 21 million ever. So that's more than half, right? So a lot of people have speculated how much Bitcoin has lost. And I I've seen numbers saying anywhere from like 2 million to like 8 million.

13:16 It could be even higher than that. So if you think about that way, Bitcoin is even more scarce. There will be Bitcoin that will never be accessed ever again, considered burned, lost, whatever. It will never be traded. So if you think about that, there's actually less out there than most people think. Interesting. Interesting. Uh and that is why, you know, you have treasury companies that are loading up.

13:48 Strive buys another 6,182, bringing their total up to 43,000. A lot of treasury companies buying, buying, buying, buying. I don't think strategy bought this week. Um, but you got many that are buying because they realize it's scarce. And if you want to opt out of all the shenanigans with the world economy, with the US economy, and with fiat currency, then you opt into Bitcoin.

14:16 Um, what else? Retail inflow hit a six-month high. surprising but but it's true. There are people that are coming back paying attention finally drawing interest once again. So that is good. That is good. So we'll see. Yeah, this is just showing. You guys have seen a lot of charts like this, okay? I don't really feel like I need to show it again, but some people want that reassurance that hey, we're going to make some moves that we're recovering that this is normal.

15:07 Yeah, it's all of the above. Okay, we have seen this before. Drops in the past have been worse. Have we seen recovery stall a little bit? Yeah. Have we seen some scary times with banks failing or recession talks or market crashes or black swan events? Yeah, we've seen it all. We've seen it all. We even we even live through co Okay, all these times. But Bitcoin didn't care.

15:51 Bitcoin always found a way to get through it and recover and make a new high afterwards. So, not only do the lows get higher, but the highs get higher as well. And you could see where we are right now. So, it is not too late, it's not too early. is the perfect time to be getting in if you haven't or perfect time to continue the DCA, right? That's always there.

16:24 That's always the right right move. If you what when in doubt, just DCA, hold on DCA. That's all you need to do. All right. Outside of that, XRP ledger uh getting more tokenized shares. You know, this is going to be one of the big narratives going forward is tokenized stocks, tokenized anything on top of ledgers. Financial institutions love it and it is being allowed in the US.

16:57 So you're gonna see a lot of that 24 by7 trading and you could have tokenized IPO shares, preIPO, like preipo shares, you could have tokenized, I don't know, anything really, real estate, collectibles, uh, yield, staking, rewards, it could all be tokenized and it's going to bring a lot of volume to a lot of chains that really need it because there are too many ghost chains out there that really have no activity.

17:33 They have big market cap, yes, and that's what most people care about. But if you look at TVL, total value lock, very, very low and their activity, their volume is very, very low. Right? So the standouts, the ones that are truly building, bring activity, bring users, volume, liquidity, usage. They are the ones that are going to thrive in this coming bull market.

18:10 All right, looks like we're holding green and we may be gaining a little bit. Bitcoin is still where it is. A lot of things in my watch list red especially cryptoreated like Micro Strategy down 5% today. Uh Coinbase is down 5% today. Some of the tech sector is up, but man, they've been decimated. My Micron is only at 900. They were at like,300 or something recently.

18:46 Yeah, close to 1300. So, a lot of bargains out there. Including Bitcoin and Soul. Soul's holding on to 100. It was like 10 105 108 recently. So, down slightly. Yep. Yep. Yep. Yep. Uh yeah. Outside of that few updates on the Clash ecosystem. Well, not that much, but Clash Pix, a lot more people are coming on board, right? So, if you want to make predictions, do so on Clash Pix.

19:30 You could do it for free with PC Clash, which is given out, right? a lot of NBA stuff, NFL stuff, MLB, baseball, NHL, all sports, all crypto, everything, culture, finance, world events, all on here. Uh, Clashpad is still giving out rewards slowly but surely. And there are a lot of people that like to trade. a lot of bots and just impatient people. When they trade, those fees are collected and distributed to the holders.

20:05 Long term, this is going to win and be a lot more rewarding. Uh, and then lastly, I've been working very hard at Front Line, very, very hard. A lot of people are quite addicted and playing every day, which is good. And we'll start trying to get more gaming influencers to play and to show it off. But just there's there's so many so many things I added over the weekend.

20:34 I can't even I can't even comment on it. But like a new new heads up display for for everything. Achievements, rewards, uh stuff like that, new items, new maps, new store stuff. Okay. New loadouts, uh new guns. It's just everything just looks amazing. That That's me. That looks amazing. See, that's a new gun. Arc gun. I mean, we added a preview on here.

21:03 I mean, there there's just like everything you could think of. It's free to play. You can earn P Clash, which you can use on Clash Pix or here, vice versa. And there's a lot of things on here. All right, guys. Let's do some Q&A. Craig, welcome. Please do not at me when you want an answer, but don't at me. That is uh not fair to everyone else. Uh, but to answer your question, when the altcoin season actually happens, the soul 45x before I don't know.

22:20 I don't know. You're being too particular. You could ask you could ask Clash about that. Okay. What I do know is soul will go up a lot higher. I don't know if that comes before ETH doubles. They both have good traction, good momentum, institutional support. So, yes. Do you think we'll bottom then rally post? Yeah, I think this is part of bottom process.

22:55 80k, we've been trying to hold 80k for several weeks now. We like kind of dip below like where we are and then we recover quickly. So, we'll see. This could be that bottom, that 80k bottom where we bounce off of and then we recover. So, we will see. It just really depends on the macro conditions if they get worse, right? Obviously, this week if all these big tech companies have horrible earnings, Wars during his FOMC meeting gives very hawkish tone, you know, the war escalates, the the there's a strike that happens.

23:35 There are a lot of things that obviously could pull us down, but assuming those things don't happen, then there's no reason to think we can't hold and recover up. I wonder if Anthropic did file. AI lab lost 80.7 billion the first half of 2026. Yes, most of that is taxes though. Um, it doesn't say doesn't say if they're offering I I don't know. So, offering today or tomorrow.

24:56 I don't actually know, but it's going to be big. Whatever Whatever they open at, it's going to be big. Probably they're aiming for two trillion. So, that would make them a top five company already. That's what they're aiming for. I don't know if the market is going to go higher or not, but Enthropic is making all the right moves. That's all I can say.

25:22 All the other Chinese labs, they're so far behind now, you know, like maybe like three or four months ago, everyone's saying how the Chinese AI labs are go catch up. Ever since the Anthropic figured out how to stop them from distilling their models, they have gotten really bad. They got really bad. Kimmy just came out. Kimmy K31 came out. They paid all these people to say really good things.

25:49 It's nowhere close to Opus 55 performance. The usage is a lot worse. Um it's more like a Opus 5. It is barely better in 3.1. So I mean three. So all these companies, all their new models are not not doing well. So, it's clear that all of them were just distilling anthrop anthropic models before and now they can't and they can't really get better. So, if Fable 5i comes out, it's going to be like game over for everyone.

26:36 If I own Clash, do I get soul from Clashbad? No. Because Clash wasn't launched on Clashpad. You have to buy and hold the token that was launched in Clashbad like Front Line, like FPS or CWD, which is Clash World and the many others that are on there. I think privacy narrative will be big this cycle. I'm gonna go hard on Knight. Okay. I'm not so sure, but some of the privacy coins obviously have been doing very well.

27:15 Zcash being among them, right? So, you may be right, but I I don't see why it would stand out more this cycle than previous cycles, but you may be right about it. I'm going to look for more AI related stuff because AI is the future. So I think anything that is promising that is developing with AI or using AI in some creative manner or integrating it within their chain or or project, you know, those are ones that I think I'll be looking at.

27:55 Guerilla Investments with a big super chat. Why are industries complaining about tokenization of their assets? And is there any other dealerships other Lamborghini accepting crypto? Ferrari does. Ferrari does, but some of them don't even know how to do it. The main company does, but like the dealerships don't know. Why are industries complain about tokenization of their assets?

28:21 I don't know because they don't trust crypto yet. And some of it may be synthetic. some of the things that are tokenized. It's not official by them. Other people are just doing it. So, I could see why they would be pissed off. You know, that could be. But I haven't really heard about industry saying that they don't like being tokenized. But I could see, yeah, if you know like like coins, you could make coins of any brand, any company, any person if you wanted to, right?

28:51 And I could see how people could do that for certain industries when they're not ready or it's not official, you know, stuff like that. Yeah. in America, I don't think people realize how much power the dealerships have. So why what what makes Tesla really amazing and most people don't know is because they don't have dealerships. They have service centers and you could order things online, which if you think about anyone should be able to do, right?

29:37 Anyone should just order their car online and pick it out of dealership. That's not how it works. So I I had extensive talks years back with a Honda dealership, right, about this very same thing. Oh, why doesn't Honda just do that? Why didn't Honda just offer cars on their website that you could just buy? They were saying how all US automakers, right, they they work with these large dealership like groups, okay, that basically controls all these dealerships.

30:08 they work with a few of them and because of that relationship they can't piss them off and they can't go direct to consumer right it's a weird model it's like their hands are tied because of this relationship um and I don't know how that started or maybe the dealerships this you know these groups just got so big and they control so much but that's the reason you figure by now since Tesla has been doing it so long, right?

30:40 You should be able to order whatever car you want and just pick it up. No games, no negotiations, right? No markups, all that stuff should be out the window, but they still allow it. They still allow dealerships to do it because their hands are tied. So, the only thing they could the what he told me was the only thing they could do in terms of punishing a dealership directly, let's say a new car comes out and they just like mark it up by like $300,000, right?

31:15 The only thing they could do is remove their future allocations, meaning that they're go get less of some kind of special car or something. But like with a lot of these car brands, they don't have these halo cars, so it's not really something they could really do. Um, so that's like the only power. It It's really weird how car dealerships or car manufacturers in the US um yeah, it's just you wouldn't know unless you talk to someone in an industry.

31:46 Just it's just a weird setup. Uh Dow is coming up. NASDAQ is sliding down a little bit today. Who's playing today? a lot of games. Bulls versus Celtics. Mavs versus Heat. That's going to be a good game. That's could be a good game. Well, I don't know if Cooper Flag is still injured, but versus Giannis. That'll be good. Nuggets and Warriors. I'm not a hockey guy, but there's a lot of hockey stuff.

32:55 Got three, two football games. Cowboys and Eagles today. Yeah. and front line. Lot of people getting involved. Hopefully you guys do, too. Or your kids or whoever. You know, you may be too old and you're like, I don't play I don't play games anymore. Well, you should start. There's a lot of cool stuff. We have rewards for people, challenges, daily challenges, weekly challenges, obviously to store your loadouts, which you can configure.

33:36 There's three of them. There's infinite amount of stuff that we added, you know, like basically like a traditional game. This is like Call of Duty almost. Making it better every single day. New heads up displays, HUD changes, new maps, right? There are there are so many things and I'm working on new maps, too, uh, to bring out. So, there are a lot of good stuff on Frontline.

34:03 You could see right here, Grand Oh, you guys can't see it. It's covered up because of my camera, but there's a new Pine Shore that I'm working on. There's a Grand Hotel that I'm working on. These are enormous maps. Service Bay Depot is a huge map. 40 player map. River Ward, which I just released, is a huge 30 30 player map. These are all coming up. And again, I'm gonna try to get some influencers, gaming influencers to actually talk about it because recently Call of Duty just came out.

34:43 I want to hop on that bandwagon, get that momentum. A lot of good stuff. Probably can't play at work, but it is a browserbased game, so you could load it up on work and play. You don't really have to install anything. It does have to download some maps and assets, but you don't have to install anything and you'll probably bypass whatever security firewall that your company has if you want to risk that.

35:16 It's up to you. A lot of cool stuff though. All right, I guess that's it. Not a whole lot of questions, not a whole lot to talk about right now. We just have to see how the day plays out. Got a lot of things happening this week. Got that FOMC meeting. We got a lot of tech earnings. We got Anthropics IPO. Is that coming today or later today or tomorrow?

36:02 I don't know. I'm a big fan of Anthropic now. Before I wasn't. I was big Codex guy, big chip guy. But the last month or so, two months, two or three months have really changed my mind. They're they're really ahead. They really are. Uh but we'll see. We'll see if they can stay ahead or not. Chad GBT or uh OpenAI just raised $30 billion. So they're valued at 1.4 trillion.

36:30 We'll see anthropic what they do. All right, guys. Have a good one. Take care. Go check out Clashpad, Clash Pics, Front Line, Ask Clash, part of the Clash ecosystem. All right, guys. Have a good one. Take care.