Crypto & Market Weekly Recap: Major Moves and Insights

Crypto & Market Weekly Recap: Major Moves and Insights

hey everyone I promis to make this quick I’ve been going eight hours straight now so I don’t know how much is left in the tank let’s talk about all the big news that you may have missed this week that’s important as well some crazy stuff crazy developments we’re going to talk about all crypto all the developments all the transactions all the speed all the changes although price didn’t change much for the week a lot of other stuff did we’ll talk about some new price targets for some assets we care about a lot little bit of macro stuff and uh what else some future stuff all the stuff we need to know thank you for coming and of course this is not Financial advice let’s talk about the week wrap first and shout out to bman and pancake Panda so the week in crypto divided by Bitcoin you can see here binance down after having a great week last week binance hit a new all-time high last week and then they mean revert because that’s what happens eth beat Bitcoin so did s so did xrp which is kind of bizarre for the week and in terms of redness though it was a down week Bitcoin fell 4.38% eth fell 3.1% sa somehow was positive for the week and binance down to 610 bucks but still way higher than it was at the beginning of the year and and ton coin was up a lot I have a question on that for the Q&A tomorrow if you’re interested in ton coin I will cover it now some of the big news I covered a little bit on the Bitcoin video this morning briefly but sailor believes Bitcoin can get a 24% compound annual growth rate over the next 10 years and that sounds exciting but it’s actually not I would not be happy with 24% kager per year not the way I invest but we’ll see uh but if you if you consider his I guess conservative 24% kager that means Bitcoin could go do an 8 and a half X by the year 2034 2033 to go to 575k not quite enough but we have another asset that could do an awful lot more we’ll talk about that in a minute uh let’s look at this cool new chart as well shout out to sanj that got it to me this is the ETF comparison and the number of invest and position size this was mindblowing for me this data I love data and this was interesting so if you look at forget grayscale I’m not interested in that but if you look at Black Rock and Fidelity Black Rock only have a 411 firms invested and their average buy is $7 million but Fidelity have less firms but a higher average buy of 9 million super interesting and the rest are kind of crumbs but the point is we are still still early this is not late 400 firms for a company like black rock in a world where there’s hundreds of thousands so again that was their big takeaway the average buy size as well interesting 7 million 9 million these are big big players and the amount of retail investors we would need to match some of these buyers would be a huge number I calculated the weekly ETF buys will be the representation of a weekly DCA from 80 million retail investors that’s how big these things are anyway Michael sailor is at it again he will be buying next week he issues stock at the speed of light and they convert that to bitcoin like within 24 hours I’d expect him to announce sometime next week that they have bought $700 Million worth of bitcoin so expect Bitcoin to be positive next week I believe so and also we have the new institutions like mat black and Japan we have sembler Adam Alto or sunale or Santa clar I don’t remember where they are somewhere in California but they are also stacking a little bit too so again this thing is scarce and sailor said he’ll be buying the top forever and he’ll be buying it at $8 million a coin that was the big excitement in Prague this week as well let’s look at the layer ones layer Twos for the week uh the big news is not much happened it was pretty quiet all layer ones and layer twos were down for tvl total value locked uh stable coin volume volum optimism one uh commits Cosmos one weekly active developers Cosmos one daily active users eth was up 10% that was good to see because eth have been a bit of a lered for a while and uh daily transactions salana up 18% because salana released version 18 and it’s way faster it’s twice as fast as the previous version and now more people are getting more transactions done we’ll talk about that in a minute too now eth news for the eth lovers out there you can see it’s becoming very quickly an Institutional game this is the institutional eth holding that’s happening right now and uh there is some buying happening and it was the second highest on record yesterday 298,000 eth that record daily buying was last September 11th 317,000 eth so again somebody is stacking ethere ahead of the eth ETF despite that price didn’t do much but it did beat Bitcoin probably because these Perma holders inflowing into the space and shout out to merch as well thank you Sam Dragon for coming I’m going to turn up my brightness so I can read properly sir and dragon and thank you as well coin dog and of course Tim pole appreciate you all um merch was on Twitter and he said that after version 1.18 I call it version 18 Sal is at almost 2,000 true transactions per second and this is with a bunch of known shortcomings in the transaction Pipeline and Mert’s optimistic guess is they will break 10,000 transactions by the new year that is 10,000 true transactions per second by the end of the year in six months that’ll be very very impressive iive um now other stuff that’s happening on salana and again I talk about the assets that have the most activity the most stuff going on in this case it’s all salana because that’s where all the transactions happen that’s where all the users are ladies and gentlemen that’s why we follow it salana is looking to push out the middleman on payments uh this is from salana floor they’re proposing uh that Merchants can eliminate the middleman by using Salon pay on their Shopify stores via Helo pay again when you talk about crypto probably in my opinion the biggest use case is payments absolutely huge and there’s tons of Legacy uh crypto players that are around there that base everything around payments you know the Stellar lumens and the xrps ETC wonder will salana be able to change the game and when you talk about cutting out the middleman cutting out the merchant Etc you are saving 3% on your sale and that can be huge to a retailer that lives on very thin margins if anybody here in the audience runs a restaurant or a retailer or whatever else you know how much 3% means to you and that’s why you see many restaurants now charging extra if you use a credit card and gito earned 72,000 saw in tips last week one dap on the network in just tips to accelerate a transaction crazy what’s happening with jto and in full to surgery I own jeto as part of my soul old position this is the what’s happening with G2 G2 here is in purple and you can see it is exploding now to 11 million staked sa out of nowhere October 2022 it had zero now it has 11 million it’s growing very fast far faster than anything else out there uh so that is very interesting and we have I think helius is there a little orange can’t even see it yet but soon you will be able to so that’s what’s happening with J also Jupiter continues to be beyond the black hole this is all the aggregator information you know a 1-in network kyber swap Etc all these other players uh ax aggregator Jupiter handles 72% that is beyond dominance across all chains as I always say Winner Takes most and it was very clear to me because I was looking for a Jupiter solution from my early days in crypto and it didn’t really arrive until late last year so well done thank you Dr s for coming too radium which is a big feeder it’s aggregated by Jupiter smokes Unis swap for the first time in 24hour volume radium protocol becomes the number one Dex again unisoft based in ethereum and that is big Unis swop has been around for a long time and this is just one deck on salana now beats Unis swap we were excited a month a few months back when Jupiter beat Unis swap for the first time now individual dexes on salana are beating Unis swap I hope get that let’s talk about stocks for a second a lot of uh cool news there it was a big week for AI and when you look at the top companies that are growing they’re all AI based as I’ve been saying since 2022 AI crypto that’s where it’s at Microsoft up big for the week Apple up 7% which is a monstrous amount Nvidia up about 6% too post split they had a 10 for one split on Monday and they’re up 9% for the week crazy crazy crazy uh meta is up Etc and by the way um yeah the the news between well we talk about it in a minute two Microsoft and Apple we’ll get to them I forgot I had a slide on that also the big news big big big news at least for me and people that really own disruption and get it is the Tesla vote Tesla revealed this morning that Elon musk’s pay package was approved by 72% of shareholders which is basically the same as the amount in 2018 whereas the judge said the shareholders were misled they didn’t know what they were doing anyway it’s ridiculous the judge doesn’t have leg to stand on corruptness we have to eliminate corruptness from the world as quickly as possible and Texas reincorporation the vote to move to Texas 63% which basically excluded and include sorry it included all non-votes too which is about 10 or 15 or 20% of the actual total amount of votes which is crazy people thought this would never pass it passed the revolution is happening the pendulum is swinging in the other direction against well I should say in towards things that are proper and good and of course Elon Musk having fun sending this cake to Delaware as a parting gift and by the way I know lots of companies that are looking to leave Delaware as well people say it’s a nothing burger for Delaware no no no no no no new companies are thinking about where they incorporate they are looking at place like Nevada and Texas they are not looking at Delaware anymore and those companies that are there where they have Executives that have stock based compensation plans they’re out they don’t want their future and their pay to be in the hands of some activist judge so we’ll see speaking of Tesla as well other good news the model 2 which they just released a new refresh model 2 which is by far the best bang for the buck vehicle on the planet as voted by top vehicle analysts you name them all the top people are blown away by how good this car is for the money uh it’s currently ranked number 10 in the world I forecast it’ll join the model y as being number one or top three within one or two years so watch this space uh everything is changing very very quickly in the EV space and no EVS are not dead people say they are but this is the last gasp of the ice and the hybrid in three to five years game over totally for sure now this was the most blowing mind-blowing thing from the actual shareholder meeting and Elon came out and said it is conceivable that Tesla achieves a $0 trillion market cap just based on Optimus and autonomy alone Optimus would probably be 25 trillion and FSD 5 trillion and Elon said he agrees with Kathy Wood’s Arc model for 8 trillion market cap by 2029 which is based on robot taxi just vehicle autonomy not Mega packs and not robots now if we do get to a 30 trillion market cap considering there about three billion shares outstanding it’s bunkers think about it’s a $110,000 share price okay if you take say 10 $10,000 from where it is today that’s I call it a 60 67x something like that and it’s funny because if you take thinking of numbers here quietly in my little head say it’s the 67x to get to you know add arc’s price with the 25 trillion that would take us to calculating right now yeah so that would be 30 trillion 10,000 a share that’s a 67x the current price but if you look at Bitcoin $67,000 is the price now you multiply that by 67x that means if Elon is right okay that would be a 67x on the stock price from today we don’t know when it’ll happen is it going to be 2030 20 32 2035 I don’t know but 67x on an asset is huge but for Bitcoin to match that it would have to go to $4.49 million and that’s interesting question is which gets to that level first okay that is Tesla to $110,000 a share or Bitcoin to 4 .49 million that’s why I own both by the way you know they’ll both do very well now uh there’s also some autonomy sorry about that little brain fart I’m trying to calculate the numbers in my head as I’m talking live Tesla is now testing autonomy in China Shanghai is allowing 10 Tesla vehicles to carry out tests of the company’s most advanced autonomous driving software to pave the way for its roll out in China and yes it’s pretty clear the robot taxi will be launched very close to a in China that’s their plan okay so even if it’s a little later in the US it doesn’t matter China is already a bigger market and speaking of disruption which is what this channel is all about this is a cool slide again I got from Sanjay Banks don’t like Bitcoin actually that changed because Bank of America did a pivot yesterday but anyway Banks don’t like Bitcoin taxis don’t like uber hotels don’t like Airbnb bookstores don’t like Amazon Cinemas don’t like Netflix and oil companies Etc don’t like Tesla Innovation and disruption is not liked it is hated as I talk about the most hated assets by the way every single one of these names there has been a point in my life where I’ve owned them all some I still own too BTC Maxim Mike thank you for coming now getting back to the disruption news this is the whole apple and Microsoft uh piece one fou swoop it’s better to be late and right than early and wrong I would argue with that I think if you don’t take chances you fall behind and there’s no doubt apple is behind they had a misstep with their EV the goggles are silly and the only other thing they’ve done is made the iPhone a different color and a little bit faster but now working with Microsoft I never thought I’d see the day with this is happening but it’s like a white flag I give up can’t do it on my my own so this partnership is very bizarre and both actually both Microsoft and Apple said they’re probably not going to make any money from it so why do it they’re just doing it to survive and yet the stock pumped a lot so that’s the market news speaking of markets and zombies as you know I’m love this thing called the zombie coefficient and this is the shocking statistic of the day 42% of us small cap companies are unprofitable and that is the most since 2020 pandemic when 53% of small caps were losing money and at the same time only 10% of the S&P 500 firms and 20% of midcaps are unprofitable and by comparison during the 2008 financial crisis 46% of small cap companies were unprofitable compared to 29% of the S&P 500 and this helps explain why the Russell 2000 has not achiev achieved any all-time high for over three years and that’s the longest streak since 2011 the index is now trading 21% below its peak and elevated interest rates are smashing small caps and they are struggling so this is a big problem this is kind of the like small business Etc and these small caps are a big part of the backbone of the economy and when they are weak it means there’s a bigger problem and high interest rates are smashing them as just a fact of Life ladies and Gentlemen by the way the other point to this is be in the big caps they do better they’re bigger better stronger but be in the winning big caps like some of the names we just mentioned too and shout out to Javier M uh he took his chain soul to the Argentinian government this guy he is the most radical leader on the planet he fired 5,000 government employees he eliminated 380,000 government regulations 12 of 21 cabinet posts he opened up the oil industry and shut down the ministry of Dei which is kind of interesting and yes some people didn’t like this but he’s doing this because Argentina had a problem has a problem and has had a problem for a very long time check this scorecard only after a few weeks this is unbelievable okay main man M he has now brought Argentina’s inflation rate down to its lowest level in a very long time dropping for the fifth consecutive month to 4.2% amid an austerity drive by President M and uh again the annual inflation rate has fallen from 133% in December to where it is right now not bad at all so this could be the playbook for new government leaders of the world to have smaller governments maybe maybe and be Pro Innovation and regulation very very important and final piece of news there is from Marty party there is a bank run on rubles in Russia and uh it is a big problem I think the Russian stock market as well had its worst day in a very long time it was kind of like their Black Friday so be careful at there if you have exposure in Russian rubles or Russian stocks stay away quick recap for the week hope you enjoyed it thank you all for coming everybody appreciate apprciate you all making it and I’ll see you all tomorrow for the Q&A I go back to working that right now thanks everybody thank you as well to TD Tesla and Shan dley for coming again twice two for two hope you enjoyed the two for today see you all lers bye-bye [Music]

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YouTube Timestamps for This Week in Crypto and Stock Market Updates
0:00 – Introduction 0:10 – This Week in Crypto/BTC 0:20 – Render Dark Green Up 38%, ETH Down 3%, Binance Up 4% 0:40 – This Week in Crypto/USD 0:50 – BTC Down 3%, SOL Down 0.5%, ETH Down 6%, ADA Flat, TON Up 3.4%
1:20 – Saylor’s Bitcoin Prediction 1:30 – 24% CAGR for Bitcoin Next Decade 1:50 – An 8.5x Increase Over 10 Years
2:20 – ETF Market Overview 2:30 – Early Stage for ETFs 2:50 – Comparison of BR and FBTC Firms and Buys
3:20 – Saylor’s Next Move 3:30 – Buying Bitcoin Next Week
3:50 – L1 and L2 Performance This Week 4:00 – TVL Down, SC Vol OP Commits, Cosmos WADs 4:20 – Cosmos DAU, ETH Up 10%, DTX SOL Up 18%
4:40 – Institutional ETH Inflows 4:50 – Second Highest Institutional Buying: 298K ETH 5:10 – Record Daily Buying: 317K ETH
5:30 – Solana (SOL) Updates 5:40 – Mert: SOL to 10K True TPS in 6 Months 6:00 – SOL Pushing Out 3% Middleman on Payments 6:20 – Jito Earns 72,000 SOL in Tips in a Week 6:40 – 11M SOL Staked on JTO 7:00 – Jupiter Dominates Aggregators with 73% Market Share 7:20 – Raydium Surpasses Uniswap in 24-Hour Volume
7:50 – Stock Market Performance 8:00 – NVDA Tops Out, TSLA Up 2.5%, AMZN Down 2.5% 8:30 – Tesla Vote and Big Week 8:50 – Elon Musk’s Comments on Delaware and IA Forecast
9:20 – Tesla’s Future Outlook 9:30 – Model 3’s Rank Over the Next 2 Years 9:50 – Elon on FSD and Bot Impact on Market Cap 10:10 – Tesla Testing Autonomy in China
10:30 – Market Disruption Insights 10:40 – Disruption as a Source of Alpha 11:00 – Apple and Microsoft Updates
11:20 – Zombie Companies Rise 11:30 – 42% of US Small-Cap Companies Unprofitable 11:50 – Comparison with S&P 500 and 2008 Financial Crisis 12:10 – Russell 2000 Index Performance
12:30 – Argentina’s Economic Update 12:40 – President Milei’s Austerity Measures 13:00 – Argentina’s Monthly and Annual Inflation Rates
13:20 – Conclusion and Future Outlook