my prediction now is that I think the markets
are bothering me and consolidating yep 100 and this is the time I think to start nibbling and
start getting ready to really rip the money in billionaires are buying assets again wait till you
hear their reasoning wait till you hear their why the Investments that one makes in this period
will probably be the best for many many years to come because they'll have the most asymmetric
upside I'm going to finish this clip in just a second but first make sure you subscribe to our
Channel we drop one video every day keeping you informed on the entire state of the cryptocurrency
market you'll be a whole lot smarter on crypto if you subscribe to our Channel taking a look
at Bitcoin before we play that clip from June until October has required patience but that
patience should be rewarded as we officially head into October and towards midterms finally
ethereum daily looking strong this is a great way to start October not to mention this what if
I told you that eth issuance is down 20x since the merge and goes deflationary every time
gas is over 15 gray bullish so billionaires are buying assets again here is why here's their
reasoning my prediction now is that I think the markets are bottoming and consolidating yep 100
and this is the time I think to start nibbling and start getting ready to really rip the money
in and I think there's enough signals every day that kind of like tell me at least that on the
margin it's time because I think the markets do a reasonably good job of digesting news and then
pricing the forward reality right like today's price is really everything we already know and so
the real guess is what's about to happen in the future and from my perspective the markets are now
starting to stabilize all the irrational Behavior is starting to exit the system the party is in the
last few hours volumes going down the alcohol is being taken away people are hanging around with a
little bit lights are coming on they're like I've been here a little too long and I think that
that's a very healthy process for an economy and I think that that's what's happening right
now so I'm constructive I'm a little bullish I'll go I'll go out on a limb I think you know
we could be three to five percent from the lows but we're more near the lows than the highs the
Investments that one makes in this period will probably be the best for many many years to come
because they'll have the most asymmetric upside and that was true in 2008 9 and 10.
It was true
in you know 2002 three and four you I mean you're talking incredible companies just in those two
periods think about this atlassian Tesla Uber Google Airbnb Uber Instagram WhatsApp incredible
businesses that have created tremendous value Gary Gensler the SEC square has just went on TV
this very morning to issue an update he's facing criticism the SEC is facing criticism from
their peers from the regulatory peers in the space particularly people over at the cftc saying
the SEC their approach is threatening the entire cryptocurrency ecosystem a better path would be
possible for crypto if the SEC was serious Gary Gensler in this clip from this morning responds
to exactly this the ultimate question is is the SEC actually doing us good are they protecting
us are they protecting the little guy that can consumer the user well the only way to answer that
is to actually talk about what exactly they're doing again just from this morning before I play
with that clip Kim Kardashian pays the SEC 1.26 million to settle ethereum Max charge so I want to
hear from you in the comments do you think the SEC did a good job with Kim Kardashian a middling
job or a bad job Kardashian failed to disclose a quarter million dollar payment she received to
publish a post on her Instagram profile promoting ethereum Max tokens with a link to the Project's
website this was the crime the order by the SEC finds that Kardashian violated the anti-touting
provision from a federal Securities Law this has been the case with other prominent cryptocurrency
security violations involving the SEC in the past Kardashian neither admitted or denied the sec's
findings but agreed to settle the charges this was broken down into about a quarter million in
discouragement as well as 1 million penalties Kardashian has also agreed not to promote any
crypto assets until 2025.
Did the SEC do good or did the SEC do bad I would say it errors on
the side of good right we don't want stuff like this happening around us but another way to think
about it Kim Kardashian has 330 million followers on Instagram and she was fined 1.2 million by
the SEC for Shilling a crypto asset to them Kim has a net worth of 1.8 billion that's the same
as somebody worth 100 000 receiving a seventy dollar fine I'm sure investors feel protected
now so is the SEC doing good they could be doing a lot more and that's not just coming from the
cryptocurrency community that's coming from the cftc Commissioners former Commissioners people
high up and Gary Gensler responds to criticism to opinions held by the cftc in this clip listen
to the question and listen to Gary's answer chair Gensler we had chairman rosston Benham from the
cftc on with us last week and he made the point that good man yeah the cftc should be regulating
all of these things when you start to build up I guess some case law of some examples of people
who have agreed to settle with you like this does that make the case more affirm that the SEC would
then be the place where these are all regulated look our agency is an agency that oversees this
basic bargain when a group of entrepreneurs is raising money from the public The public's
anticipating a profit they need disclosure full fair and truthful disclosure and that's the core
bargain in our Capital markets you get to take the risk but the person raising money or the persons
raising money has to disclose various information to you that seems how our Capital markets work
best the SEC is very good at this and that's what we do and the case law is clear on this the
law is clear new information continues to come out on stuff just like this every single day make sure
you subscribe we keep you updated every single day new info Alex machinski withdrew 10 million from
Celsius before freezing customer accounts before freezing user accounts and filing for bankruptcy
new reports indicate that the former Celsius CEO withdrew 10 million from The Firm yet Bitcoin
crypto just continues to power through Bitcoin lightning Network layer 2 capacity strikes 5 000
Bitcoin the growth in Bitcoin added to the layer 2 Lightning network has electrified over the past
year hitting 4 000 Bitcoin less than four months ago bear markets are for building out capacity
on the layer 2 Lightning Network despite macro economic headwinds and sluggish price action the
lightning Network the layer 2 payment solution for Bitcoin continues to flourish the Bitcoin
lightning Network reached a milestone capacity 5 000 Bitcoin 96 million in effect more and more
Bitcoin is being introduced to the lightning Network payments channels worldwide as Bitcoin
continues to support the growth of the network you'll love to see it you'll love to see bitcoin's
hash rate look like this while the UN is telling the world to Halt interest rate increases the
Bitcoin Network keeps on hashing the future is multi-chain not 20 or 30 chains but multiple
blockchains will succeed that's according to the Phantom Foundation CEO which blockchains
will succeed hey if any of us knew the future we'd all be rich chain link staking Early Access
eligibility app is now live as you know chain link is switching to proof of stake you'll be able
to stake your chain link if you're a holder an educator a builder you could get early access
to this here's how first of all with the chain link staking Early Access eligibility app now live
please be diligent about any potential scams about staking that may pop up the app only requires a
signature and not an on-chain transaction here is the criteria for chain Link's Early Access
period for chain link staking this December this is coming up in December you can start staking if
you're an educator if you're a builder or you're probably just a hodler and that's fine if you
hold 7 link between these dates you can start staking your link this December there's also a
general access phase after Early Access period ends the staking pool starts at 25 million link
and will scale to 75 million link over time note that early access provides an opportunity but
not a guarantee to stake when staking version 0.1 launches in December the pool is initially
capped it will be early access then open up to General access congrats to those who have met
Early Access criteria so much is happening in the world of cryptocurrency blink and you might miss
it Japanese prime minister just today says the government investment in digital transformation
will include metaverse will include nfts the Prime Minister of Japan since 2021 has said the
government will be making efforts to promote web 3 services including those dealing with non-fungible
tokens or nfts and the metaverse in an October 3rd speech before Japan's national diet the Prime
Minister said the government's investment in the country's digital transformation already included
issuing nfts to local authorities using digital technology to solve challenges in their respective
jurisdictions he also hinted at digitizing national identity cards in addition the Prime
Minister said the cabinet would promote efforts to expand the use of web 3 services and utilize the
metaverse and nfts great messaging around becoming more digital using nfts using web 3 a whole lot
better than let's just say Gary Gensler right Bank of Russia adds digital assets to banking
chart of accounts I guess we could do this in America if Gary Gensler would come around in
the SEC Central Bank of Russia has introduced digital assets including the digital version
of the Russian Ruble to the recently published draft of the new banking chart of accounts
in the future financial institutions will be able to provide data about operations with these
assets the docks are getting put in place people are making sure everything is good on the back
end because cryptocurrency is here to stay and if also get your tickets to the Future blockchain
Summit in Dubai October 10th through 13th we are speaking we'll see you there link below if you
want to be a part of the Revolution subscribe to our Channel we keep you updated on a daily basis
like the video if you got value see you tomorrow
