$ICP SECURE BRIDGING | De-DOLLARIZATION | $GFI, Paypal, Gryphon Mining to PUMP

$ICP SECURE BRIDGING | De-DOLLARIZATION | $GFI, Paypal, Gryphon Mining to PUMP

[Music]
welcome back we are now Hearing in the
post Bitcoin having era of 2024 that
dollarization continues to accelerate
with Russia and China now 90% outside of
the dollar when it comes to Mutual trade
between the countries how is that going
to affect the dollar how is that going
to affect the world and these markets
that’s what we’re going to be discussing
in today’s video among many other topics
including internet computer secure
bridging we’re going to do an update on
Goldfinch the crypto GFI PayPal and
griphon or Griffon Mining and uh we’re
going to also be talking about other
Bitcoin mining companies and kind of
where this is all going because I
believe regardless if we do have
capitulation going forward we are
officially in the bull market after the
Bitcoin having period and there is going
to be a lot of room to make money in
many different areas that we’re going to
be talking about in today’s video
nothing I say is financial advice but
we’re be starting with the dollar right
we are now 34 and a half a little bit
more than 34 and a half trillion dollars
in debt this has slowed down a little
bit but as you guys know the overall
economy is not doing you know super
great we know a lot of businesses are
laying people off the borrowing is kind
of slowing down across the board until
the Federal Reserve does something and
are they going to do something anytime
soon I believe yes guys the the same
thing I said at the top of the 2021 bull
market we don’t we won’t know that we’re
in the bare Market until we are so the
further we go the closer we are and now
it’s opposite now that we’re in the post
Bitcoin having period of
2024 the the further we go the closer we
are to just going straight up so I
believe personally for my portfolio and
in my strategy
that not being in the market is probably
not the greatest choice right and now
listen I believe in diversification so
I’m in the market out of the market I’m
in crypto not in crypto
in other types of assets and so there
diversification can kind of protect you
so that if one area of the market goes
down for instance crypto and let’s say
the stocks go up well if you’re in
stocks and crypto you may have a little
bit of a dip in crypto but you’re going
to have a pump in stocks and so this is
how diversification can help out but
meanwhile Russia and China are
boycotting the dollar using their
National currencies for over 90% of
mutual payments now this is not being
widely reported in the United States
think that just people just don’t know
about what’s going on and by the way
don’t forget to give this video a free
thumbs up also hit that subscribe button
we upload every single day of the year
to bring you the latest happening in the
financial world every single day since
2018 I think that deserves a thumbs up
at least if not also a subscribe anyway
uh so yeah this is not being widely
reported in the US and a lot of people
in the US I don’t think fully understand
the the repercussions of all of these
sanctions that the US has been uh you
know putting on Russia right Russia is
still doing business they still are a
country and so if they’re doing business
with other countries and they can’t use
the dollar because of sanctions they’re
going to use other currencies and so
Russia and their Ally China have almost
completely ditched the US dollar to
settle bilateral trade instead using
their own currencies the Yuan and the
ruble according to the Russian foreign
minister more than 90% of mutual
payments between the two countries are
being done in their National currencies
so how does this the dollar well the
more countries that don’t use the dollar
they’re dumping dollars and so who are
they dumping dollars on the the people
who are using the dollars it’s the same
thing in crypto at the end of the bull
market the people who were in early they
start selling the assets for instance
Bitcoin top they’re selling the Bitcoin
granted the price will start coming down
in a bull market but who are they
selling it to they’re selling it to the
people who still believe Bitcoin is
going to continue to go higher even
though we were in a year and a half of a
bull market even even though we went 20x
in the price of the crypto there’s still
people who oh no no no bitcoin’s going
to go to a bazillion dollars this in the
next month right I I I was that way in
2017 I’m sure many of you guys felt that
those feelings at at at some point
during the the peak of the market uh
during previous cycles and so that’s
literally how markets work right and an
asset is valuable and used and held by
people and the less people who hold it
and use it the more the bag holders hold
it and then we we have a situation
where everybody’s fleeing the dollar
like think about Venezuela and we’re
going to be talking about Venezuela in
this next story because tether is vowing
to freeze assets after Venezuela looks
to crypto to bypass oil sanctions so
effectively in Venezuela they kept
printing money at a very exorbitant rate
and every time they printed they would
print more than they printed the
previous time and then it gets out of
control so much so that they had
hyperinflation they still have
hyperinflation and their their their
literal physical money is worth is it’s
not even worth the paper that they
printed on it’s literally worthless and
so you’ll see you know um art being made
with this money the money just thrown on
the street because it’s literally Valu
less right it’s kind of like a penny in
the United States right yeah the penny
does have value but it’s so minimal what
are you going to buy with a penny you’re
going to go collect pennies all day and
you know maybe have a dollar or two at
the end of the day it’s just not worth
it right and so this is what happens
when hyperinflation takes place and or
people dump the dollars and in my view
it’s part of the US’s fault because they
keep uh sanctioning these countries and
that forces these other countries to
leave the dollar not only does it Force
those countries to leave the dollar it
forces the countries that are um maybe
not sanctioned and doing trade with that
country to go off the dollar and we’re
seeing this happen happening with many
different countries right now and so who
is going to be left holding the bag of
dollars US US you and I and granted this
could take years and years but we are
seeing the inflation occurring right we
are seeing the rapid expansion of prices
going up dollar power going down uh
purchasing power going down people think
they’re richer because they’re making
more from wages but their wages are not
even keeping up with the rate of
inflation so a lot of these businesses
SL minimum wage laws they’re literally
just pushing everything up so for
instance if you go to $15 minimum wage
or $20 minimum wage every other position
has to be pushed up as well right so the
managers the supervisors the you know
whoever’s not getting paid minimum wage
they’re going to get bumped up a little
bit as well otherwise what’s the point
in working a higher level job if you’re
going to be getting paid the same amount
as the early entry uh worker right so
that pushes everything up but the power
of the dollar and people think that
they’re getting more money and the
businesses are like oh no we can’t
afford this but they’re also raising
their prices ridiculously and their
costs are not going up as much as
they’re raising it so it becomes a
situation
where the dollar is worth less but
people are making more and they think
that they’re richer but they’re actually
less than they were a few years ago
because of the rate of inflation this is
very important to understand especially
this is why people talk about Bitcoin
being a store of value right so if
you’re going through a hyperinflationary
period yeah you can convert some of that
Bitcoin into dollars that way you can
pay for things and transact and all of
that and live but if you hold it in the
Bitcoin the idea is that Bitcoin is
going to outpace that uh loss of
purchasing power for instance during the
last cycle a dollar is now worth maybe
you know 90 cents compared to what it
was maybe some people would argue even
less because of the rate of prices
increasing but let’s just say it it lost
10% of its value so a dollar is now
worth 90 cents compared to before the
last cycle meanwhile so that’s a 50%
drop in purchasing power or sorry 10%
drop in purchasing power so you’d
imagine on the other end you’re getting
a 10% increase but actually you’re
getting more with Bitcoin because
Bitcoin went from $3,000 or even
$110,000 at that mid bare market last
cycle all the way up to uh 70
$60,000 right that’s a 20x even a 10x 6X
this is still significantly more than
where the rate of inflation was anyway
moving on to this story tether is now
saying that block payments made to
sanctioned entities after sources
claimed Venezuela state-run oil company
is using usdt to facilitate oil exports
so tether is saying they’re going to
block these payments and this comes
after a report that uh Venezuela’s state
oil company was moving to stable coins
to bypass sanctions to go away from the
sanctions because the US is not letting
them transact in dollar something like
that and so tether says that they
respect the oact list and they’re
committed to working to ensure sanction
addresses are frozen promptly this comes
after The Exclusive Rutter report
claiming that the state-owned RO a
state-run oil company
pdvsa has has been using crypto to
facilitate their crude oil and fuel
exports um and that they’re facing new
oil sanctions reimposed by the us so I
mean the US is effectively forcing these
countries away from the dollar and so
they’re going to choose something else
right they’re not just going to
disappear and this is unfortunate
because the Americans are going to be
left holding the bag and this is not a
very good situation to be in um but we
will see we will definitely see this as
um we’re hearing that credit card
delinquency rates are increasing to 2008
levels that was the financial crisis
this guy who’s a research uh researcher
at bitwise Investments one of the
Bitcoin ETF issuers and they have some
other crypto funds he said credit card
Del delinquency rates at Discover the
credit card company the sixth largest
credit card issuer in the US just spiked
a 2008 levels that discovered credit
card delinquency rates jumped to 5.7% in
q1 for contacts delinquency rates into
2022 we at 1 and a half% this means that
delinquency rates meaning people who are
late on their payments right they
haven’t paid their bills that these
rates are nearly four times higher than
they were just two years ago consumers
are still spending at record levels even
as savings have been depleted is this
the canary and the coal mine of a credit
card debt bubble I think it’s really
just an overall debt bubble I mean
guys I go out to um eat maybe like few
times a week not necessarily like super
nice restaurants but also not like at
um like at Applebees or stuff like that
you like nicer you know family run
businesses I guess you could say
restaurants and they are all packed I
mean every day of the week they are
packed and this is in almost every area
that I’ve been in and so it’s like we’re
hearing that the economy is not doing
that great and people are not feeling
that they’re making enough money but
meanwhile they’re still spending right
go to the mall in the middle of the week
go to the mall it’s packed and matter
where you are and so this is an
indicator in my view that people are
still spending on credit okay so we’re
the dollars being devalued people are
just taking out credit they can’t make
they can’t afford enough but they’re
getting paid more so they feel richer so
they’re spending more but they’re really
not because they’re or make they’re
really not making more because the
purchasing power of the dollar is going
down and people don’t realize that and
so while this is all going on with the
dollar right we’re we’re still battling
whether the ETFs are going to be
approved for ethereum and other cryptos
because once ethereum ETFs are approved
there’s going to be more crypto ETFs
coming out and ethereum ETFs are
unlikely to be approved in May according
to a bank Standard Chartered and they’re
yet another Financial firm that’s saying
it’s not going to be approved I
personally don’t think that ethereum ETF
is going to be approved I think this
could potentially push the crypto
markets further down at least ethereum
further down maybe bringing us to that
capitulation point that I’ve been
talking about on this channel maybe not
I mean maybe we’ve already cap
capitulated and the capitulation was
just significantly less than most of us
anticipated right I don’t know I mean
personally I don’t think that the market
Cycles change that often I I think that
they definitely have rhythm and rhyme
but maybe we’re seeing a different super
cycle this this time I don’t know we’ll
have to wait and see but uh what do you
think do you think that the ethereum
ETFs are going to be approved in
May I don’t I think it’s going to be an
ongoing battle with the SEC once again
and uh yeah and meanwhile xrp Ripple
they’re still fighting with the
SEC I think they have some uh some like
court cases that are wrapping up but
anyway this user on X who says long-term
Crypt bull um 44,000 users she said I am
concerned The xrp Ledger Architects
allocated 80 billion xrp to Ripple for
the purpose of developing use cases for
the digital asset The xrp Ledger
launched in June of 201 12 how is the
ecosystem doing today now first of all
very uh interesting topic here because
what she’s going to be talking about is
how the effectively the the xrp treasury
funds are being spent and whether they
are actually doing anything to advance
the xrp network and also Advance the
usage of xrp this is the same
conversation that we’ve been having with
cardano over the last two years with the
project Catalyst treasury funding
mechanism where uh cardano’s ecosystem
was effectively up to this point over
the last few years paying out 50 million
Ada every three to four months so that’s
about um 1 to 200 million Ada per
year while the whole network of of
cardano was inflating by one and a half
billion Ada per year and so this project
Catalyst was funding these projects that
were supposed to be building on cardano
and here we are in 2024
Cycles after cardano launched and we
still basically don’t have
interoperability there we still don’t
have cross chain Bridges we don’t have
Smart contract usage on a large scale I
mean effectively if you look at the utxo
transactions most of the transaction on
the cardano network are just nfts
getting transferred back and forth which
you can set algorithms to do so it’s not
actual usage on the network and this has
been a big call out on this channel and
for from me for a long time and this is
one of the reasons I believe cardano is
not investible at this time because
there isn’t any um any Pathway to
Sustainable Building on the blockchain
through these grants and cardano is
talking about going into a fully
decentralized governance ecosystem which
I don’t have much faith in either when
they haven’t even gotten to the point
where their F I mean where is all this
200 million Ada over the last few years
where is it and so what I’ve explained
to my viewers is that in my personal
opinion and that’s all it is I could be
wrong so make sure you guys do your own
research and don’t just take what I say
as gold because I could be wrong but I
believe cardano and xrp are going to
exit the top 10 this cycle and you could
already see I mean xrp for most of its
existence was in the top five they want
the xrp secondary sales uh one from an
SEC perspective nothing happened to the
coin right and now we’re hearing that
their funding mechanism their grant
program may not be working either right
so xrp no cross chain communic ation no
smart contracts no interoperability
Bridges some of the same issues that we
have over with cardano right and so
let’s talk about xrpl grants she says we
are not privy to any of these
submissions or panel discussions held
when Ripple developers assess a
Project’s Grant application she says all
I know is merely Comm is uh as a mere
Community member and advocate of xrp
that things are not looking good for the
from a community perspective she said
let’s acknowledge the elephant in the
room developer activity on The Ledger
xrpl I’m just going to say xrp on xrp
could be better we have witnessed a few
projects either leaving or acknowledge
that they are building cross chain for
many reasons H same thing that we hear
in cardano she says every passing of a
new XLS which is uh The xrp Ledger
standard enables new use cases and
potentially new exciting projects for
the xrp ecosystem she says I I hope
projects will not need to migrate in
order to survive meaning they’re going
to have to leave the xrp ecosystem to
survive this is the same thing that
we’re seeing in cardano a lot of
projects that were born on cardano
exited to other blockchains she
continues here saying building in web 3
has many challenges uh suly put basic
things like setting up a bank account
can even be challenging banks are weary
if the word blockchain or crypto are
mentioned so you can imagine applying
for a bank loan most distributed Ledger
technology Builders bootstrap their
projects in order to realize their
business goals and dreams an issue of
trying to build on xrp is that Venture
capitalists apparently steer clear of
such projects mainly because Ripple is
seen as a steward of the xrpl being the
largest holder of the digital asset
around current uh 46 billion xrp are
currently locked in escrow and we talk
about escrow a lot nobody else in the
xrp Army talks about the escrow where
Ripple just keeps selling and selling
and selling and selling xrp and that’s
part of the reason the xrp price I
believe has not moved because of this
constant selling from Ripple and what is
Ripple doing with that money she said I
bring this all up because the reality is
that xrp although open source
decentralized blockchain still relies
heavily on Ripple for funding all of the
big projects building or associated with
xrp are dependent on not only the
funding but the resources that only
Ripple can provide including foundations
used to promote and support support the
ecosystem for instance the xrpl
foundation xrpl Commons Etc she says the
Optics are not looking good at the
moment when small legit Builder Grant
applications are being rejected without
any parent explanation or feedback
Goodwill goes both ways we’d love to
hear the community’s thoughts how can we
help improve things and attract and
sustain uh and support builders on The
xrp
Ledger I mean when I first read this
guys I really thought that they were
talking about card
because all of these issues are the same
exact things in the cardano ecosystem I
mean we have seen through even project
Catalyst cardano Builders who are were
ogs in the cardano ecosystem uh
literally saying we’re we’re done trying
to get money from the ecosystem because
nobody understood how it worked and
nobody understood why big prominent
projects weren’t getting funded but
these like brand new startups that
nobody ever heard of nobody knew the
team were getting all this funding and
again cardano used
is almost nothing compared to these
major blockchains and xrp in my view is
in the same situation they both have
this
27 Vibe right where they’re trying to do
the same things that happened in 2017
it’s all about hype and listen there’s a
very high possibility Ripple is going to
uh IPO at some point and the xrp Army is
going to be so excited about this but
unfortunately as Lark Davis says I
believe these two communities have bag
itis where they are not not seeing any
of this because their bags are so heavy
oh everybody loves xrp no nobody loves
xrp in fact just on this channel we have
a very wide reach in crypto any video
with xrp worst performing videos um and
you can see that the engagement is not
there right and this is across YouTube
and uh we’re starting to see the same
thing happening in cardano right we’ve
talked about this before on my channel
that my number one downvoted video is
cardano videos and it’s cardano
community that are down voting it based
on our research uh into some of these
things like we’ve done tests on the
channel to see like where the down
voting is coming from and so it creates
this Echo chamber where everybody in the
community which may not be a lot of
people it may just be a few people with
a lot of accounts making it seem like
there’s a lot of Engagement there’s just
nobody there right nobody’s nobody that
joined
crypto during 2020 or 20 21 or forward
are interested in xrp why because they
were in this legal limbo for many years
and ripple did nothing to grow the
ecosystem like what can xrp do that
other blockchains can wow it’s going to
be a crush chain transfer protocol for
crossb payments who cares polygon can do
that tether can do that usdc can do that
uh Dogecoin can do that ethereum can do
that every Layer Two on ethereum can do
that there’s no reason that you need xrp
now that Ripple on the other hand is a
business so they have these business
relationships with countries with
businesses with backend Integrations of
this technology to to run crossb
payments but at the end of the day none
of what Ripple is doing necessarily has
anything to do with xrp although they
say it
could that’s not investable it could
right let’s say Elon Musk said we’re
Tesla we’re we’re not going to we’re not
going to release any new vehicles until
we perfect
a vehicle I mean that could
take centuries literally and so what
they just don’t push anything out until
they until they’re ready to uh you know
have the perfect product that’s
completely
ridiculous and so yeah I mean xrp is in
this kind of weird situation uh I don’t
I don’t see how xrp is going to maintain
a top 10 position I mean it’s already
basically out of the top 10 and I think
it’s going to be out very soon but a
cryp that isn’t going to be leaving the
top 10 and probably is going to enter
the top 10 you guys know one of my
favorites internet computer protocol so
this new major milestone for internet
computer internet computer canisters or
smart contracts now serve as a
decentralized bridge Watchers for the ZK
cross Network so what in the ZK cross is
going on here well ZK cross posted this
at the end of April 2024 said ZK cross
network is proud to unveil our
gamechanging collaboration with the
internet computer we’ve
revolutionizing defi interoperability
and this is your first look they
continue saying we’ve completed a
milestone integration bringing
decentralized cross Chain Bridge
Watchers to the ICP canisters it’s a
Leap Forward in achieving true
decentralization what does this mean for
you think secure seamless value transfer
across web 3 with just one click you
heard that right the scoop is their
Bridge Watchers are now on chain thanks
to internet computer canister smart
contract that’s decentralized efficient
and as robust as it gets we’re talking
about Rock Solid security for your cross
chain transactions they said what is
live their integration it’s in the
testing phase ensuring every swap is
smooth as silk get ready to experience
the future of D5 with ZK cross network
and internet computer this is uh what
the integration is unique it’s onchain
transaction monitoring and TR
decentralization and don’t forget their
approach aligns with the internet
computer and dein’s vision of red
defining the decentralized ecosystem
together they’re not just Building
Bridges they’re building super highways
so integration of ZK cross deck on
internet computer will be next it’s
going to be a cross chain decentralized
exchange designed to transform how you
move value across web 3 imagine
optimizing value across web 3 with one
click no hassle no fuss just seamless
integration with a user-friendly
experience that’s out of the world this
world that’s ZK cross deck on internet
computer so more is is coming uh on this
obviously you guys know that the way
that internet computer is doing things
is very different than what we’re seeing
with a lot of other ecosystems and
blockchains uh you know from their
Bridge ability using chain key or chain
Fusion technology to this right
Integrations with these decks is that
are going to create more cross chain
liquidity and cross chain compatibility
there are I mean guys everything is not
super Rosy I mean I’m not like um like
this is my number one position in my
portfolio it’s not I mean personally
when I’m recording this video I don’t
even hold any ICP at this point a lot of
people have been asking about that
people saying that internet computer’s
paying me guys I don’t get paid by
anybody except for the people who are
members of this Channel and you guys
watching and I get AdSense from uh the
the ads on this channel but I’m not paid
by anybody right these are my
investment um thesis and strategy this
is what I’m doing in my portfolio do I
believe in Internet computer absolutely
do I hold it not right this second and
that has nothing to do with the
technology this strictly has to do with
where the market is where the macro
Market is as I’ve explained we don’t
know if we’ve already gotten to the
bottom of the market before we’re going
in the bull market but as we are moving
forward I do think that we’re closer to
the the straight up only in the markets
when that’s going to start nobody knows
and so I believe in diversification I
look at internet computer and part of me
says you know internet computer has
already 8X from the low to the $20 range
it’s a pretty big jump and having no
corrective phase but we also have to
keep in mind the supply structure of
Internet computer the fact that internet
computer is one of the only cryptos that
hit $800 before it hit $10 typically
it’s the other way around a crypto hits
$10 and
then
$300 internet computer hit $800 then it
hits $600 then it hit
$2.90 right so it actually went opposite
where the other assets go so there’s a
lot lot of as we call it bag holders
that are in with a dollar cost average
above $600 700 and so they’re kind of
stuck and so maybe the supply
situation being limited because people
aren’t incentivized to sell their coins
yet and the fact that there’s so much
interest in Internet computer maybe
internet computer is not going to take a
dip I mean I’m really waiting for under
$10 to Reby
in I don’t know if it’s going to hit
that and it may not but at the end of
the day if we’re going to go straight up
only regardless when we’re in that phase
does it matter if I buy a $2 or I buy a
$10 or I buy a $20 no
because if I bought at $20 and we go to
100 I still made 5x if I bought at $10
and it goes to 100 I made 10x right but
we don’t we don’t know when those
numbers are going to hit so again part
of trading and part of like playing the
market is dollar cost averaging in and
dollar cost averaging out and right now
I still think that we’re going to see a
little bit more of a dip in uh internet
computer but by the time you’re watching
this video Maybe not maybe I already
bought so as I say don’t make investment
choices based on what I say because I
could be wrong and by the time you’re
watching this maybe my thesis has
changed anyway moving on PayPal now
promotes low carbon Bitcoin mining with
a new research paper in a collaboration
with energy web and DMG blockchain they
introduced an approach to promote
environmentally sustainable practices in
Bitcoin mining the research backed
initiative encourages miners to utilize
low carbon energy sources by offering
Financial incentives and so yeah
obviously the financial incentive for
these Bitcoin mining companies and these
individual Bitcoin miners to use low
carbon and low energy or low um cost
energy this is I mean the incentive is
already there because keep in mind these
Bitcoin mining companies they have to
they have to spend less than they’re
earning and sometimes they don’t know
how much they’re going to make because
uh new Bitcoin fleets pop up new Bitcoin
mining companies pop up the difficulty
increases like there’s so many different
scenarios but there is one company that
is already 100% renewable and that is
gripon or griphon mining I calling a
gyon some of you guys are saying it’s
wrong how do you pronounce it Griffon
gyon people are saying it’s Griffon
gripon anyway I’m gonna keep saying gon
because it’s g p n that’s Fawn gray Fon
anyway I am very bullish on Bitcoin
mining companies I’m
actually I don’t know whether I’m more
bullish on Bitcoin mining companies or
the crypto Market itself I really am not
sure I personally believe that these
Bitcoin mining companies are going to do
extremely extremely well and I could be
wrong on this so make sure you guys do
your own research and by the way if
you’re up to this point in the video
don’t forget to give the video a free
thumbs up also hit that subscribe button
that way you never miss a new video we
upload every single day of the year to
bring you the latest happening in the
financial world so do me a favor hit the
thumbs up button if you think that this
information is important and valuable
and you want to help support the channel
financially click the join button down
below to learn more about how you can
become a channel member thanks to all of
our channel members the people who’ve
been supporting for a short period of
time and the people who’ve been
supporting for years right here on the
cryptoviser podcast thanks so much for
the support it really does help anyway
um so yeah this stock I am very bullish
on 100% renewable according to their
audits their team is fairly new they
have rapid expansion land and it’s a low
market cap stock right and I I in my
view all of the Bitcoin mining companies
are going to be minimum billion dollars
this cycle at some point minimum billion
dollars now I could be wrong on that I
don’t I I really don’t think so I really
don’t think I think it’s going to be a
billion dollar sorry yeah minimum
billion dollars so if we just look at G
Gund mining it’s 52 million we’ll just
say 50 million to keep the numbers round
that’s a
20x that’s at 20x from where we are
today just to get to a billion and if
you think about Riot platforms Marathon
digital these are two to5 billion dollar
in valuation so if gyon gets to A5
billion valuation during the cycle that
would say
1,000x sorry no 100x no I don’t know
let’s do the math right now 50 million
and we’re going to times that by 100
yeah five billion so if it get goes 100x
it’s going to be at the same market cap
of marathon digital in the early cycle
is that GNA happen I don’t know I think
a billion dollars I think personally
that’s baked in um and based on what
they’re doing from a you know uh
perspective
of renewable energy it costs them
significantly less money to mine than
most companies most companies in 2023
were in the60 and $70,000 range to
Bitcoin for them it was about $188,000
their their margins are very large and
they also just announced a stock buback
program so we know companies that
usually do stock BuyBacks it elevates
the price limits the supply hopefully
price goes up meanwhile PayPal which did
this research that we were just talking
about on low carbon emission Bitcoin
mining christoo chaffoy who is a trading
um basically a Trader who posts on X he
said I don’t like stocks but I like
PayPal for the first time in 2 and a
half years the price is consolidating
above the 200 day moving average on The
Daily it also the 100 day moving average
crosses with the 200 day moving average
this looks so pretty look closer see an
inverse Head and Shoulders send it to
154 and give me my
money and so I’m not a really big
chartist but an inverse Head and
Shoulder
would be a head and shoulders pattern
where you have like a little bit of a
low dip and then a high pump and then a
low pump right so you got the two
shoulders and the head in the middle so
an inverse would be this there’s a
shoulder there’s the head there’s the
shoulder now typically after these like
the way that I view this again I’m not a
chartist so the the way that I’m
explaining it is just my interpretation
but the way that I look at these on a on
a macro scale let’s actually pull up um
let’s pull a PayPal so I could show you
on a easier to view chart so when I zoom
out like this right on the six month you
can see that the trend is up right and
basically the way that I look for Trends
is this kind of thing it’s like a
stairwell it goes up it goes up drops a
little bit goes up drops a little bit
goes up drops a little bit the general
trend is higher even though there’s a
little bit of a roller coaster in
between now uh again this is not a
candle chart so it’s not as easy to see
what he’s saying um with the head and
shoulders but uh and by the way he’s
also looking at the daily I don’t know
what this is at so anyway it doesn’t
matter when I zoom out what I really
want to look for is again that Trend so
when I pull this out and you could see
that it looks like the bottom was
October 2023 which it was for most of
the market in crypto and we saw crypto
basically go much higher than this in
terms of growth uh I think that we can
actually compare this to let’s see if we
can compare it to bitcoin yeah we can so
yeah you can see that PayPal was
basically flat and in the negative over
the last one year compared to bitcoin
which is up
141% and so even up on the the year-to
date you can see PayPal basically flat
so we’ve had basically uh very little
movement in the price of
PayPal uh but the
trend has been higher and when we zoom
out there’s this huge gap
double Gap that needs to be filled here
right we saw this huge drop in July of
2023 where it went from $75 to
$6 over here in May it went from $75
down to $60 so those are big drops and
so typically when you’re starting to
reverse the trend you’re going to see
these kind of things happening upside
down not 100% uh basically meaning
instead of going down we’re going to go
higher here when that’s going to happen
I don’t know but but when you look at a
a more tradable chart with the bars and
the candles here this is much easier to
see kind of where the trend is look at
the flows of volume right look at the
moving averages you can see here the
blue
line um I think it’s the 50-day moving
average and what is the 200 day moving
average it basically shows you the
average and you can kind of see where I
think it’s up here yeah you can see the
cross here I think he’s showing this for
volume I think that’s what it is I don’t
even know what the bottom is but this
top here you can see that the moving
average right here is crossing the other
two moving averages and usually when you
see convergence like that it’s the
beginning of a trend either to the
upside or to the downside now the fact
that we’re entering a bull market in my
view the fact that PayPal does have
crypto Integrations and payments keep in
mind payments on PayPal are usually like
small businesses so if small businesses
are not doing that well they’re not
getting loans they’re not borrowing
money they’re not really expanding or
spending money you’re going to see
PayPal’s usage decrease and therefore
their profits decrease if all this turns
around and we start to see more money
being pumped into the ecosystem and the
Federal Reserve changing course
potentially we’re going to see a lot
more movement in these uh in these
prices of things so anyway we’re also
hearing not just about grion mining
doing stock BuyBacks but Kanan
executives are seeking to buy at least
$2 million in the company’s shares
following the having now a lot of people
don’t know about this company but Kenyan
is a stock that’s traded on the NASDAQ
$241 million it’s described as doing
business as Kanan creative known as
simply as Kanan is a china-based
computer hardware manufacturer
established in 2013 they specialize in
blockchain servers and Asic mini
microprocessors for use in Bitcoin
mining so uh yeah they’re they’re
looking to buy $2 million which is
really only 1% of the Stock’s market cap
but that’s still a pretty big number and
again they’re doing this post having on
buying Bitcoin stocks post having and I
think that we’re going to see extremely
good performance from these because
again right they’re the whole narrative
about Bitcoin and the Bitcoin having in
crypto all comes down to the Bitcoin
mining
cycle the Bitcoin having and who does
the Bitcoin having benefit the most
Bitcoin mining
companies anyway moving right along
Goldfinch posted this saying as members
of the tokenized asset Coalition we
applaud the Innovative steps towards
tokenization and finance education and
advocacy are key to navigating this
terrain together we can build a more
financial uh inclusive Financial
ecosystem and they link to this article
that basically talks about the next
Frontier and they talk about uh
tokenization it says the movement is
known as tokenization which proponents
argue will streamline the exchange of
various real world assets by tracking
them on ledgers that underpin
cryptocurrency it’s Trend that’s
beginning to raise a host of new policy
questions for Washington beyond the
dramatic day-to-day battles and so you
know Black Rock just recently launched a
tokenized fund we’re hearing a lot more
about this tokenization of real world
assets and Goldfinch is well positioned
for this right because they have
a a collateralized loan program on their
ecosystem
now a lot of people have been asking me
for updates on Goldfinch am I still
bullish on Goldfinch I mean
for the most part yes unless I make a
video that says I’m bearish on these
coins most of them that I’m bullish on
I’m going to be bullish on the whole
cycle we’re having a little bit of a dip
now uh I think I sold all my Goldfinch I
took profits out of the out of it
because again Goldfinch went from 38
cents to over $4 over $5 at some point
so more than uh more than 10x in the
value and so when you see these 10x is
and you’re like oh no we’re going higher
I’m just going to hold it’s like you you
can definitely do that but there’s a lot
of people are going to be taking profits
this entire cycle um so again I mean if
you are comfortable in the in the market
and non-emotional maybe you have a
trading account and a holding account
that way you can trade in one and just
hold in the other but generally speaking
I think it going much higher there are
some concerns about Goldfinch
specifically um the fact that they’ve
had a few loan defaults including a
recent one and if that continues these
loan defaults I mean this could be
really bad but
that I don’t think we necessarily have
to worry about at the beginning of a
bull run we definitely have to think
about at the end of a bull run because
think remember what happened with FTX
block by all of them that was all
loaning and borrowing to and from each
other just creating endless money and
when that mechanism stopped everything
crashed everything and so yeah I am
worried about that how that loan
situation is going to play out
especially in future loans that they
provide because I would imagine they’re
going to be creating more loans but
remember they do have some pretty big
backers including Circle and coinbase so
with that I hopefully you guys enjoyed
today’s video I’m doing a few of these
longer style videos to really break down
what I’m talking about and everything
doesn’t feel rushed because I know a lot
of you guys are trying to navigate this
Market the same way that uh I am the
same way that many other viewers are
trying to as well it’s very complicated
Market nothing is guaranteed we don’t
can’t like
predict 100% that something’s going to
or not going to happen in the markets so
a lot of it comes to diversification and
figuring out what is the most likely
scenario and really taking the risk most
people they’re just scared to they’re
like they
under guys there’s people watch my
videos that have never invested in this
stuff right they’re they’re scared they
don’t know what to do even even myself
right it is a very hard thing to press
that buy button on a on a crypto or on a
stock I mean ultimately you have to
start right I mean uh my first large
purchase of crypto I mean it was scary
and obviously I was very early in my uh
investing journey and I’m lost a lot of
money on that trade I think one trade I
made it was supposed to be for long-term
hold and I bought it and the next day it
crat by like 50% and I was devastated
devastated and so yeah there all I will
say is there’s going to be a lot of
people who leave this cycle with no
profits in fact a lot of people are
going to leave in the negative so make
sure that you put money side to pay your
taxes make sure that you don’t retrade
all of your profits because if you
retrade all your profits and then you
get in the red again it’s very hard to
come out of that especially once the
bull market is over and so with that
hopefully you guys enjoyed don’t forget
to give this video a thumbs up hit that
subscribe button that way you never miss
a new video and I’ll see you guys
tomorrow crypto on

MACRO MARKET ANALYSIS VIDEOS EVERYDAY SINCE 2018.

I don’t sell anything. I don’t have any programs for you to join. I will not message you on any platform. I’m not shilling anything. I post videos with my analysis of the global crypto and finance markets. Not financial advice.

X (Twitter): https://www.X.com/TheCryptoviser
I will NEVER message you on any platform, be aware of scammers!

*************
JOIN GEMINI CRYPTO EXCHANGE:
Using my link, get FREE Bitcoin after $100 purchase:
https://exchange.gemini.com/register?referral=bprpv4s9

Join COINBASE Cryptocurrency Exchange
Using my link, get FREE Bitcoin after $100 purchase:
https://www.coinbase.com/join/596288340f8b32023cf28007

Buy a LEDGER CRYPTO HARDWARE WALLET
Hold your cryptocurrency in cold storage, offline.
Use my affiliate link to let them know I sent you:
https://shop.ledger.com/?r=864c25f6ee43

*These are affiliate links*
*************

* SUPPORT THE CRYPTOVISER *
BECOME A CHANNEL MEMBER HERE ON YOUTUBE
CLICK JOIN TO LEARN MORE: www.youtube.com/channel/UCq41LOyktVBW_CaVi2WKKXw/join

————————————————————————————
This video, views and opinions expressed on The Cryptoviser Channel is NOT financial advice. DO YOUR OWN RESEARCH before investing your money. Making any investment is risky. This video is for entertainment purposes only. Videos may be uploaded on a delay and may not contain the most up to date information.
At the time this video was created, The Cryptoviser Channel is not affiliated with and not paid by any company discussed in the videos. If The Cryptoviser Channel does receive payment for advertising within a video, this description section and the video content will note that.
————————————————————————————

#crypto #bitcoin #investing