Nvidia CEO Is About To Crash Crypto? (What Comes Next) Transcript, AI Summary & Key Points

00:00 After Jensen Wong admitting to an affair with the alleged Chinese spy, independent investigation now underway. And for our purposes on this program, it's the investor base uh kind of grappling with what all this means. So, this is a very big week for cryptocurrency. BTC drops then rebounds as the Nvidia scandal sparks $1 billion in liquidations. And if you hold cryptocurrency, this affects you.

00:24 Not the Nvidia scandal so much, although yes, that affects all markets. We'll talk about it, but there's three big macro events that are about to happen that will affect the crypto market. Watch today's whole video so you understand everything. We know that Nvidia just opened an investigation after their CEO, Jensen Wong, had an affair with an alleged Chinese spy.

00:45 This was supposedly a businesswoman whose company was buying Nvidia's advanced chips. Traditional markets exploded today except for Nvidia. I guess that being the cost of cheating. And now the big question if you hold cryptocurrency is what comes next. Click subscribe to altcoin daily for one video per day keeping you informed on crypto. And with Nvidia, there's two things to understand timelinewise.

01:12 Number one, Nvidia is scheduled to have their earnings call November 17th. So that's in about a week. Expect volatility in traditional markets in this next week because Nvidia is the name brand of the AI trade and now there's instability on the future of the name brand. Nvidia has that earnings call in about 7 days. I will be watching. But number two, don't think this is new information about Jensen's affair.

01:41 It's new to me. It's new to the public. Yes. Which is why the stock market or which is why Nvidia stock dipped today. But this actually happened a year ago. So it's not ongoing. The government knew about this a year ago. >> I think where investors, if I'm being pragmatic, taking aside what's happened, US intelligence has known about this event, this affair since 2025.

02:06 Okay, we all wondered, remember last year or earlier this year, why wasn't Jensen invited to that Chinese meeting? Well, Trump knew about it in 2025. Again, Marco Rubio apparently had a briefing in ma March of 2026. And I think now we know why originally he wasn't invited. And so I think Joe talked about the earnings on on November 17th, but guess what happens on November 18th?

02:29 Yeah, >> his private congressional hearing the next day. And so I think this is going to be a must listen to call. I think Joe's absolutely right. >> So obviously the traditional markets rally today. Billions of shorts were liquidated for Bitcoin. Yet price remained pretty stagnant. It was just sort of like a buoy, a whipsoff effect. But generally speaking, markets hate instability.

02:50 So if there's instability on will Jensen still be the face, will he be fired from Nvidia, asked to step down from the board, or or what is the future of this company, good news can be priced in, bad news can be priced in, but if there's ambiguity, meaning instability, that leads to volatility. Now, I think something much bigger if you hold cryptocurrency is the CPI report.

03:13 That's tomorrow. By the way, I'm looking at the price of Nvidia and actually starting Sunday, starting over the weekend, the price started tanking. This is why you need a decentralized as well as a centralized exchange in your arsenal. Liquid is a decentralized exchange, meaning it's non-custodial. They don't hold your funds, number one, but two, they're open 24/7.

03:34 Meaning as news breaks on the weekend or after hours while the traditional centralized exchanges are closed, decentralized exchanges are open 24/7. This was Monday morning. As you heard about the Nvidia news, whether it was Sunday when it just happened or even a couple hours after, you were able to short the price over the weekend and win. Liquid Exchange is the preferred decentralized exchange of altcoin daily and a channel sponsor and anybody in the altcoin daily community to incentivize you.

04:05 Check it out. Sign up with referral code altcoin daily and get up to 10% off all fees lifetime as well as a $25 bonus with your first $100 deposit. You need to have a decentralized exchange in your toolbox. Link down below. Come trade with me. And that brings us to Tuesday's October CPI inflation data. This is coming out tomorrow. I believe this will have a much bigger impact on markets because this is what we're looking at.

04:32 US CPI which is inflation data is due tomorrow with markets expecting headline inflation to slow to.3% uh month over month from 6% previously. So the market expects inflation to come down inflation decreasing. No yearover-year figure is expected due to last year's government shutdown putting the focus on the monthly ratings only. So the government was shut down a year ago.

05:01 We won't get that data. will only get month-to-month and traders are pricing in roughly an 80% chance of a December FOMC hike. So, if the inflation data month overmonth is decreased by literally 50%, the market is still projecting one more rate hike in December. If the inflation data comes in hotter, higher than expected, expect markets to take that news negatively.

05:28 Probably this will go to 90 or 95% chance of a rate hike in December. Yet, if inflation data comes in cooler than.3% cooler than expected, then that's less chance of a hike, which markets like. And if you're invested in crypto, understand that fundamentals continue to get better while macro continues, at least in this next week, to get more uncertain.

05:50 Yet, fundamentals getting better. New York Stock Exchange picks Avalanche to settle tokenized stocks amid Wall Street's blockchain race. And this is a big win if you hold Avac token as Avalanche will serve as the core settlement ledger for the exchanges planned blockchain stock market. And this is the mecca. This is the New York Stock Exchange. Listen to the president and COO of Avalabs explain this landmark step.

06:20 At its core, what the New York Stock Exchange has decided to do is put the Avalanche blockchain at the center of their new infrastructure play for tokenized equities and 247 trading. M >> so if you think about the entire trade life cycle that first there's the issuance and the match there's a whole lot of stuff that comes afterwards that the New York Stock Exchange knows but a lot of your viewers might not know about clearing settlement cash collateral all the types of things that go into making equities trading

06:48 possible so that consumers or institutions that are trading equities are able to avail themselves of these markets by putting avalanche at the core of what they do the key pieces that come in post trade the settle ment and clearing piece which often takes time and trap capital happen instantaneously. And so without this infrastructure play the move to 247 markets which many exchanges around the world are trying to do would not be as feasible as what New York Stock Exchange is doing.

07:17 So it's a big milestone not just for the blockchain industry but for the equities industry more broadly. >> Do not make the mistake of thinking, oh crypto's over. No, crypto is truly just beginning in terms of the institutional bid and any macro instability, any heavy volatility, even a little whoop up and then big swing low in Q4. It's noise. Shortterm price action to me is noise when fundamentals are clearly headed up and to the right to me.

07:47 And it's not just avalanche. Hail a cab in New York and Injective might just pull up. We went from ringing the opening bell at NASDAQ to lighting up Wall Street and now thousands of taxis across NYC. Injective is taking over the financial capital of the world slowly and then all at once. And very good news for Chainlink, Salana, and Avac as of today.

08:15 Anybody trading on Charles Schwab, legacy financial system or I mean platform Charles Schwab. As of today, Schwab crypto clients can buy and sell Solana, Avalanche, and Chainlink in addition to Bitcoin and Ethereum. These new tokens are part of Schwab's plan to thoughtfully expand its digital asset offering. And Charles Schwab has millions, I believe, of legacy clientele.

08:41 Obviously, Bitcoin and Ethereum are going to be offered, but this is very bullish for the institutional bid for Solana, Link, and Avac. And very bullish news for decentralized AI, the most important chart for Bit Tensor in my opinion. 10.9% of tow issuance meaning the new coins that come on the market bitcoin as is issuance to issuance almost 11% of tow issuance is now being offset by demand generated through economic activity across the network the goal is 100% and we're moving in that direction so it's good to see

09:19 demand for bit tensor tao slowly and steadily pick up and not many people understand that the big centralized players like Anthropic are starting to take notice of BitTensor. Listen to Const the founder one of them of Bit Tensor explain that Anthropic is taking notice >> right now. They do have interest in what we're doing. We've seen what was it the CEO of Anthropic Clark reached out to us when we were doing centralized training and was interested in writing a paper on us.

09:46 He mentioned us in one of his blogs and I think they're happily aware of what we're doing but we don't pose a threat just yet. >> All of this is an ongoing story. Click subscribe if you're invested in crypto. for one video per day, keeping you informed.