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