Bitcoin's Next Move After FED Decision... Transcript, AI Summary & Key Points

00:02 Welcome back to Cryptos Us. I am George. We're all George. Welcome to another market open stream. So, what happened yesterday with the FOMC press conference? Was it good? Was it bad? Let's talk about Let's talk about other things that's going on in the world. And of course, what does this mean for Bitcoin? Bitcoin's next move. Let's talk about that as well.

00:31 All right, let's do it, guys. Let's do it. Welcome, welcome, welcome. We are starting a day still holding above $80,000. So that is good despite some of the scariness that we've been you know obviously we've been seeing on the news and around the world um Bitcoin is still holding doing what it can to maintain 80k and yesterday I don't know if you call it good or bad let's just say neutral but there are a lot of big things happening today and you could see the US market is very red, including NASDAQ being down 400

01:20 points right off the bat. I'll get to that in a little bit. But yesterday, we had, of course, the FOMC press conference, okay, and no surprise, no rate hike. uh WH was very adamant about not giving any uh you know decision on on future hikes or not any future moves. He did not want to comment on it. Okay. But then he also made some comments about how you know things weren't tight enough.

02:00 I guess I don't know if he said that. I mean, it was a little cryptic, too. But overall, it was just, let's just say, he didn't get a lot of information. All right. He didn't want to give it on purpose. And I think that was the right move. I said that before the press conference. Um, you know, the the reporters are go press about, you know, upcoming rate uh rate hikes and how many there will be.

02:30 and and he was pretty tight lipped about it. So that was good. Uh but I think everyone knows including him um knows that inflation is still high. They need to do something about it. They can't just let it go out of control. So that is something that he and other governors are looking at. So that that's really what it comes down to, right? and the next FOMC meeting right now it's looking like there's a 83% chance of a hike and he has said that before where he anticipates there will be one more hike this year and that is

03:12 December unless something happens drastically between now and then obviously we have midterms coming up in a week okay and that could change things but right Now that's what it's looking like. So yeah, not a whole lot. Not a whole lot. Now why why is it down today? It's not really because what he said actually after the FMC meeting like things were just still doing quite okay.

03:43 Uh what is moving NASDAQ today is this Alphabet, Google uh their earnings was not as good as people thought. I mean they still made money hand over fist. Okay. Uh billions upon billions in the quarter like so like so many billions. But um their numbers came in weaker than expected and right now they're dumping 13%. 13%. That for for a company this size that normally doesn't happen.

04:25 They're one of the biggest companies on the planet still 3.4 trillion. But for for that that kind of dumping man not good. Not good. Uh the biggest issue Google faces and uh they hadn't had this problem before ever because Google has basically been a monopoly for searches. The biggest problem they face now are are the AI agents, right? The AI chat services like Chat GBT and Claude and and uh I was going to say Gemini, but that's theirs.

05:01 But then even Grock um you know for the first time I saw a graph for the first time in history their search earnings was below 50%. It's starting to dip like this because a lot of people just ask their AI agent stuff. They don't really Google search as much as before, right? So that that's the biggest worry for Google right now. and and uh and they never had this problem before because they they were monopoly.

05:32 No one uses Bing. No one uses Yahoo and they're just so dominant. But now they're starting to lose that position. So they're pivoting heavily into AI. They have their own models. Gemini 4 is their their newest one, but there's a new four carbon that they just released. Well, they announced they didn't release and it's looking pretty fantastic. So they're trying to catch up in a big way.

05:55 If you think about it, Google should be the dominant AI player because they have all the servers. They have all our data, right? If you use Gmail, if you use Chrome, if you use Google search, you use Google Docs, I mean, they they have all that information. They have the best information to train models with. So, they should be number one, but they really messed it up, so to speak, and let Anthropic and OpenAI dominate.

06:24 But yeah, they're the reason why we're going down today big time, and they're still going down even more. Microsoft did report, okay, but they actually reported good numbers. They topped all estimates and their cloud went up. Microsoft is not so much in AI but they have made huge investments in like open AI for example and uh and their cloud services do host for a lot.

06:55 I mean they've been renting out to these AI companies as well. So they're trying to they're trying to pivot as well. They have co-pilot which isn't that great. Uh they have uh get GitHub. Um they do own a lot of stuff, but anyways, they're actually green today barely because they actually beat all expectations. So that's good. So you have two opposites, two tech giants, one doing very, very well.

07:24 I mean, take that back. They're both doing very well. Uh but one came in above Expedition, one below. But the one below is what's dragging markets down today in a big big big way. Almost minus 500 for NASDAQ. So, it is what it is. There are still more tech giants that will be uh reporting. I don't know which ones for the remaining of this week. We could look at it during Q&A, but you still got Meta that's very heavily involved with AI.

07:57 You got Amazon that's also heavily involved with AI. And then, of course, you have Nvidia, the biggest player in the AI space. there are a lot of a lot of earnings. So, we'll look at that during Q&A. Uh going back to crypto, yesterday was actually another good day, another positive influ day. 137 million. So, despite the scariness, there are a lot of people and companies still putting their money into Bitcoin.

08:32 So, that's fantastic. That's three days in a row. three days in a row plus 100 million. Uh ETH continues to bleed minus 21 million. Same thing with soul and nothing for XRP. But you could see it's been red, but they're like little red, right? Like if you look at this, these are little little little red compared to massive greens. So it's kind of just like evens out.

08:59 ETH on the other hand is kind of bleeding more at this point. Just seems like a lot of people are losing interest in an alts and just turning to Bitcoin, right? And that that generally happens whenever there is any kind of weakness or fear FUD, you know, people turn to what they trust the most, which is Bitcoin. And I've always said, hold a lot of it, as much as you can, right?

09:31 And your portfolio probably more than 50% at this point because people will go back to what they trust during scary times, and it's Bitcoin. So, uh, looking pretty good. But we do have a big options expiration that is happening tomorrow. Okay. The last Friday of every month, we have huge options and futures expiration. And this is where the big boys tend to move prices to kind of fit their contract.

10:04 So, we'll see what happens. I don't have I don't have like the max pain because there's generally a max pain. The one point that where both sides loses, that's usually where it gravitates to. I don't have that. But could be a little volatile between today and tomorrow. Volatile could go both ways. It could go upwards, too. So, there is something that's big that's coming up tomorrow.

10:31 And October is almost over and we still haven't had that October moment. Are we going to get it in the next two days and put us back into the green? We will see. Bitcoin has moved mysteriously many, many, many, many times in the past, so it could still happen. Uh, unfortunately, we also had a lot of liquidations. Okay? Uh, and obviously this doesn't help, but I mentioned this time and time and time again.

11:12 These liquidations kill a lot of people. You can't recover and then you go on this vicious cycle where you try to make it back and then you make more mistakes. It's just really tough. But 24 hours 334 million wrecked once again. Be careful. Be careful. You want to do your two three fiveaxxes. Okay. 10 20 50 100. That's where you're asking to be liquidated.

11:43 Don't do it. And and it just hurts everyone else too. It's not just yourself because in cumulative then you get like a big long squeeze or something and it's no good. No good indeed. All right. What else is going on? Well, this is good, I guess. I don't know if it's good or bad, but Michael Sailor said the shareholders approved that all four of his preferred stocks, including Stretch, will now begin paying dividend daily.

12:23 Stretch was the the most aggressive one where it was paying every week. The other ones I think they were monthly and some are yearly because it was one after another after some didn't have to pay for like a year, some didn't pay for like quarters and months and and stretches the new one didn't have to pay for until every week. It was longer before. Now he's making it so all of them pay daily dividend.

12:55 I don't know how he's gonna do it, but he's doing it and he's been buying back a lot of Stretch. So, I guess he's been preparing for this. So, Stretch will start daily dividend payments in November, while the other ones will switch uh in the new year, 2027. So, interesting. Sailor keeps conventing. He keeps chatting with ChiaBT on new ideas, I'm pretty sure.

13:20 And uh this is the newest one. Pretty soon we're going to move to hourly dividends. No, I'm just kidding. We're not going to see that. Uh but outside of that, Bitcoin back mortgages coming to Canada. A lot of you guys are Canadians, okay? So you can put down your Bitcoin as collateral, but right now it's early. They haven't really announced like what the specific terms are, what the rates are and you know what if the Bitcoin that you put down goes down in value then do you need to add more?

13:56 Are you going to get margin called? So there are a lot of questions at this point but we are definitely moving in that direction and that's a good thing. I mean, you could put down things as collateral for for mortgages, for loans and stuff like that, but traditionally banks still do not accept Bitcoin as assets. So, moving in the right direction. Uh, what else?

14:23 What else? Well, looking at Bitcoin's chart, it's kind of like this. I mean, well, this is actually Hype's chart, but uh Bitcoin's chart is this. Sorry, wrong one. But, you know, it moves the same way. Basically, at this point, I did an interview with uh uh Milk Road yesterday. It's it's posted. I put a collaboration link on the channel. Um nice guy.

14:58 Didn't know about them. They're fairly decent. Um fairly big. And I talked a lot about hype. I mean, they just have a really good model and they have a good flywheel effect and so many are utilizing them to come out with perp trading. I just heard pumpf fun did even though they have nothing to do with trading. Phantom did it and made $20 million in a year.

15:21 So, a lot of people are getting involved with Hype and they have the most liquidity. So, Hype is doing very well, very well. And I think they'll continue to do very well. They got a really good model. This exactly what I'm trying to build for Clash, like this flywheel effect. And I don't have it like hype yet. If I did, we would be like at $10 billion already.

15:44 But, you know, project that could that can figure it out, have massive utility, massive users, massive volume, and then utilize that to create a flywheel effect for the underlying token. That's where you go see super success, right? So they have done really well. Uh but for Bitcoin, you know, Bitcoin has done very well too since since the beginning till now, right?

16:10 We're still going through one of those times where we're recovering. It's slow and sometimes it's it's rough. Um last, look at that last cycle when we're coming back up from 2022, 2023 leading to 2024. I mean, it's just like many, many, many months, many months of sideways until we finally broke out and then boom, we started moving, right? So, it's just one of those times.

16:38 It could be scary. It could be boring, but the ultimate strategy, the one that truly works is simply hold and DCA. That's it. That's it. That simple. All right. Uh there's really not much else. Um you know weeks back we heard about ledgers and how some being stole from this crypto billies guy, right? They had some kind of chip implanted in them and basically it cost $2.7 million for Singapore users and I don't know how many other people have lost money through it.

17:22 It's just an unfortunate situation. If you go get a hardware wallet, make sure you get it from the manufacturer, not from any third parties because that's what could end up happening. All right, that's pretty much it. Today is still not looking good because of Google. They're recovering a little bit. 12.8% around 13 something. So, it's something, but they're really dragging down everyone else.

17:53 Looking at the watch list, everything is green. The Bitcoin isn't that bad, actually. Bitcoin E, Soul, Sue, XRP hardly down, but everything else is just down big because of Google. All right, that's pretty much it. Let's do uh Oh, I was go I said I was go do uh earnings. What else? Who else is reporting? Oh, Amazon's reporting today. Intel's reporting today.

18:28 Big ones. Strategy is reporting today. O got some big ones. So, we'll see what Strategy whether they're making money or losing money. They're probably through their Bitcoin holdings, they're probably go lose some money. But um and then Intel, Intel, you know, not really relevant much these days, but still they're in they're in man, you know, chip production.

18:54 Amazon's a big one if you want to see if AWS is doing well. And then next week we have Apple, AMD, big, big, big players. And then the week after that, you have Cisco and Nvidia and Walmart. They got some big earnings coming up that could really swing markets for sure. Fizer, Exxon, I don't even know. AS technology. No, no idea who they are, but they're huge.

19:30 They're huge, too. All right. Q& A. Mad Hatter says, "Imagine Sailor got sick and decided to sell all the Bitcoin. What impact would that have? It would be disastrous." So, uh, hopefully that never happens. It'll be more disastrous than Shioshi waking up and selling all his Bitcoin. Sailor has that much power because all the institutions, all the Bitcoin treasury companies look at what he does.

20:30 But that's not gonna happen. It's just not. Apple released a 21,000 laptop. That's how Apple is getting involved with AI, selling hardware. They have no models. They're so behind. They're paying Google billions to have Gemini be their default AI with Siri. U but how they're trying to make up for it is with their MacBooks and Macs. you know, they're charging crazy amount for RAM.

21:02 If you want like I saw something like if you want 51 12 gigs of unified RAM, it was like a $15,000 upgrade. So the computer itself if you maxed it out was like at $22,000. you could buy a freaking car, you know, but they're doing that because they know a lot of AI enthusiasts want all the unified memory and uh and same thing with like the MacBooks and stuff.

21:32 They're just crazy amount that they're charging for RAM. Even though I know RAM has gone up in price, this is why like SKH Highix and Micron and all these guys, you know, they said they're sold out for years. They don't cost that much. Apple's just like trying to gouge everyone because that's the only thing they can do. Like I said, they don't have anything.

21:52 They don't have any AI models. They don't have anything to sell. So, they're they're kind of behind. It's It's the reason why it's the reason why I think Tim Cook stepped down. Like, he led them as much as he can through optimizations, efficiency with supply chain, and stuff like that. But the next CEO, he has to figure out what to do. And the iPhone duo not off to a good start.

22:20 A lot of complaints about cracking in the screen and stuff. And no one's really excited about a new iPhone anymore. So, they had to figure it out. And right now, they're trying to pivot into AI through selling a lot of hardware. But honestly, I I don't know how many people are really that excited about running their own AI models. uh first time here.

23:07 What's ask? Go look at it yourself. Askclash.ai. It's a intelligence platform for all things crypto and investing and really anything. ain't going to ask it anything. Uh this is like a summary of what was said yesterday by the Fed. The Fed held rates steady. He kept focus on persistent inflation. Fed will remain data dependent and will not prejudge upcoming meetings.

23:46 And the press conference was brief, 28 minutes. Wow. Wow. Press conferences are always like one hour long. So he basically he cut it in half. And the Fed plans to hold seven meetings instead of eight. So they're cutting out one one FOMC meeting next year, which is good. You don't need that many. Honestly, you probably just need six. One every two months.

24:12 That's it. Right. the the the indicators that come out like like CPI and stuff like that, they're lagging indicators. You need some time for them to kind of adjust, but basically he was very tight lipped. Didn't really say anything. Okay. And that's on purpose. He didn't want to lead the market into thinking one way or another, which is smart. So, yeah.

24:46 What's your take on Google's new custody services? I don't I'm not even aware of them. I never heard of any Google custody services. What is it like a new wallet or what? Yeah, Google's still not doing good. Freaking Google. Look at Look at that. Look at that drop. AI is making meetings faster. Yeah, I could take notes. It could prepare things for you.

25:56 Definitely. You know, I saw this interview about AI like basically um there was some guy there some no woman that was saying that in the future and it's kind of like that now but it's just going to be worse. In the future you're going to have two types of people. You're going to have the thinkers and then you're going to have the followers, right? And it's kind of like how society is already.

26:20 But because more and more people are starting to become more and more dependent on AI agents and chat bots and stuff like that uh or AI personal assistance, you go have generations grow up where they're just going to listen to AI. They don't need to think nor do they want to think. They will just become followers. Whatever AI says, they will follow.

26:41 And this this is going to only get worse. And then you have a small group of thinkers. the ones that can think, that can invent and and can question things, right? And those people will be the ones that are are going to be leading or ruling the world, right? So, and in some aspects, it's already like that. You already have the elites that are kind of doing that.

27:15 Um, but right now I think there's still more people that are critical thinkers that can think for themselves and can make decisions without relying on AI. But if you think about the next generation, they're they're growing up in it, right? They're it's just like the mobile revolution, right? Now, you can't meet anyone that doesn't have a phone, a mobile phone, and is glued to it.

27:41 the next generation is going to be so reliant on AI. That's like the AI revolution like generation. They're they're they're not even going to think. So if you think about that way, it's kind of it's kind of scary to think about where where society is heading to, right? The these are things that we watched in movies like these themes and ideas. We watch these in movies 20, 30 years ago and now they're starting to come true, right?

28:21 Iroot is another movie like that, right? Like in iroot, basically they had they create this big AI that leads society and everyone just thinks it's perfect until it's not. So now we're kind of kind of heading that direction. Flavio says, "AI definitely is not a great equalizer. AI gives smart people superpowers and morons less incentive to learn." That's exactly right.

29:06 You summed it up perfectly. So this this goes to what I was saying. You're gonna have a whole generation, new generation that are just so reliant on it, they can't do anything without it. They can't they won't learn. They won't have any reason to do anything really. Um and then you're going to have a small group that are thinkers and they're the ones going to be leading things and utilizing AI to do like great things.

29:31 So yeah, that's exactly what's going to happen. It's already happening. But you could do a lot with it. You could do a lot with it. You just have to figure out a lot of jobs are going to be lost in the next 5 to 10 years. For sure. This is the time to be maximizing earnings and savings. All right, not a whole lot of chat this morning. Uh, it's just kind of like one of those days, one of those depressing days because of Google.

30:45 We only got a few more days left of this month. Still a lot of great tokens on Clashpad. Still rewarding. Although the rewards have gone down a lot because the volume has gone down a lot. you know, whenever Bitcoin and macro conditions get a little scary, people stop buying and and trading, which is honestly it's a good thing for holding, but not not so good for rewards, but you know, still going up slowly.

31:24 I've generated a lot a lot of buying for Clash, right? And all the projects that are on here are still doing their thing to market and increase their social presence, which is good. So check out Clashpad if you haven't yet. You know, another thing I was thinking about is right now this is all soulbased, right? The next evolution is I may open this up to other chains like B&B or even base you know uh or arbitum so that you can launch tokens and and be on other chains not just soul although soul is still the dominant

32:07 chain but you know I'm thinking about that seeing I don't know if it's go if I could do the same kind of reward mechanism because that that depends on the LP P. So, I'll have to look into that. But that is something that I am thinking about right now. Uh, Clash Pick. Still a lot of games going on for those of you guys, you know, looking forward to some football this weekend.

32:38 NBA season started. Although I haven't watched any game yet. I just know that Cooper Flag is looking fantastic. A lot of people are hating on Wem because it seems like he did not progress in the off season. I don't know. He just like, you know, he's a 76 guy thinking he's 66. What he loves to do is shoot threes. You know, he just loves loves it. He needs to think like Shaq.

33:12 If he's like Shaq, yeah, I know he's not as big, but if he thinks like Shaq and he just stays in a paint on offense and defense, you can't stop him. You You really can't. He's too athletic and long. There's no one in the league that really can stop him, right? So, he he'll be averaging 40 points a game. Um, but yeah, that's not happening. and Front Line still making some big changes.

33:44 Um, some performance increases, uh, new store items, new bundles, and, uh, we'll introduce a lot more armor and mask and stuff like that, but the the people that are playing have gone up a lot in the last few days. I don't know what it is. I didn't really advertise much, but I am going to start advertising more. Um I think chatbt picked up on it because a lot of our sources like like one of the major source is from chatbt.

34:17 So I don't know chatbt is actually referring people to us. We get a lot of guests playing but if you guys like first-person shooters try front line. It's browser based. You don't have to install anything and the game play is amazing. It's really fun. There's a lot of people that are really hardcore into this and we do have a, you know, leaderboard. And for those of you guys that care about Clash, you do get Clash score by playing.

34:41 You can earn PC Clash also by playing. So, a lot of stuff. A lot of stuff. WBY can be Giannis, a better version of Giannis. A better He's already a better shooter than Giannis for sure. But Giannis started as a stick, too, when he entered the league. All right. He gained like 40 pounds of muscle. WBY could do that. I mean, I'm not saying it's easy. He's a 76 guy.

35:19 Naturally, he go be thin, but he could be hitting those weights and and getting big and bulky. Not not that big, but like if he got to Yiannis's like frame, like that kind of muscle at 76 with a 10 foot reach, it's it's game over. Even Giannis, when Giannis stands next to WBY, he he's like this. Like as dominant and as unstoppable Giannis is, WBY will be even more than that.

35:55 Like there's a there's like a six, seven inch difference between Giannis and WBY. Just think about that. That's the difference between like, I don't know, Harden versus Giannis. If you think about the height difference, Harden's like 6'4, 65. Giannis like probably 6'11, maybe a little bit under seven. But if you look at the height difference there, it's the same between Giannis and WBY, right?

36:25 So WBY just bulked up. He'd be unstoppable. The most unstoppable person in NBA basically. Stop shooting those threes. He loves taking like 13 threes in a game. All right, guys. To conclude, I mean, it is what it is right now. A little stale, a little boring. FOMC meeting didn't really change things. Porsche didn't really say anything. good or bad neutral today is led by unfortunately Google having a bad quarter lower than lower numbers than estimates.

37:18 So that's what's dragging things down. But you know what? Things could still turn around in a big way. We got a big options expiration tomorrow. We got some big earnings coming up tonight. So we'll see. All right. Stay strong, my friends. Go check out Clash Picks. Clashpad Front Line and uh have a good one. All right. Uh am I planning on adding more servers in Asia for Front Line?

37:47 Yeah, I was thinking about it. I could add Asian Asian servers and European servers, but right now I don't think the the volume justifies it. Everything is in the US. I think people are playing just fine. But if we do get a huge influx of people, then opening up more servers is definitely no problem. All right, take