The Crypto Market is about to FLIP | RESET COMING

no way cars for coins coming dude you're

coming in right away before I talk about

my next segment what's up dude when you

were coming in as a speaker right now

dude welcome aboard man you are in my

streams like every freaking day man and

I know you're the guy who sold Bitcoin

or no you sold your car at 19 000 on

bitcoin or whatever because YOLO it into

Bitcoin what's up man welcome okay

waiting waiting for your mic I'll give

you a chance to set that up but there we

go I'm trying not to crash my car

hey what's up man Twitter space isn't

driving at least I'm assuming you're on

autopilot

Oh Yeah Yeah by autopiling me and

looking at my phone no Kevin yes I did

sell my car uh for crypto half ethereum

half Bitcoin I'm up 30 so uh it was a

911 turbo so it's doing pretty well up

30 grand

um but you know you're an amazing

Channel you've got me through the bear

Market kept my head on straight and uh

kept me buying stuff uh I went all in on

coinbase at thirty three dollars

it went all in so that's doing pretty

well

wow congratulations that's amazing so uh

clearly very uh uh very bullish on uh on

on crypto then despite all of uh the the

regulatory drama that this is maybe the

beginning of the end for the regulation

drama

well it's an asymmetrical BET right when

uh everything's low the Psychiatry tells

you to sell but if you're selling when

everything's low it's the opposite so

it's am I bullish long term yes I think

anybody who has a long time frame wins

so if you have a two three year time

frame It lines up with both the rate

cuts which you just spoke about coming

in March and the Bitcoin having which is

in April and typically the peak is one

year after so if your investment Horizon

expands to 2025

and you're buying crypto now safe

projects I think you're going to do very

well but I want to ask you Kevin uh do

you think the FED actually pauses I mean

continues pausing this time continues at

the same rates or to actually raise like

the market expression because they've

been expecting

doing whatever the market expects so far

right

yeah well it's it's a little bit of a

chicken or egg problem uh I'll answer

that let me first say regarding your

alignment I think that's a phenomenal uh

statement that you made this this idea

of I mean think about an alignment of a

low rate environment potentially again

in other words rate Cuts inflation being

gone probably the economy not being in a

recession the Bitcoin having and maybe

2023 is the year of Regulation hell but

maybe they finally figure it out and by

2024 you get crypto ETS you get

regulation and and you actually get

these companies that are able to recover

so I think you're completely right I

think that is a phenomenal uh argument

to make and I think that's awesome that

basically you were you were buying ETFs

and and then then at one point you

decided you know what this is this is my

time to strike and you dump those and

you bought crypto so congratulations uh

regarding the the Fed so I call it a

chicken or egg problem because as much

as the FED likes to say oh we just do

what the market projects you know we

just like to follow the market we don't

want to surprise the market

the FED creates the market essentially

they forecast hey you know what we might

be thinking two more rate hikes well

what do they do by saying that by saying

two or more even rate hikes like what

Jerome Powell did in Portugal you

guarantee one more rate hike and that I

think is what they were trying to do

they were trying to say look we we went

25 or we went for pause in June we don't

care that it is a historically stupid

idea I personally think this to hike

again after pausing I think it's idiotic

because you send the signal of the the

FED being inconsistent or not you know

having this stop start mentality their

argument is no no we're just trying to

stretch out you know that's the way

they're selling it we're trying to

stretch out these rate hikes uh but uh

yeah look we're at like a 90 chance of

getting this 25. uh after these two

reports we're still getting a

reiteration from well at least yesterday

after all the feds speak yesterday after

CPI we're still getting a reiteration of

the 25 so we're going to get to 25. but

it will almost certainly be the last

rate hike after the reports that we've

gotten so uh yeah I do think we're still

gonna get to 25 even though I disagree

with it even though I think it's

nonsense we're gonna get it

well Kevin you say half inflation battle

is managing expectations right so that's

exactly what they're doing they're

managing expectations they don't like

your Nike Swoosh recovery they don't

like these mean coins popping off like

Pepe uh which I do not recommend but uh

that's exactly what they're doing

they're just manage expectations they

want to keep things cool and they don't

want to you know mess up their their

whole plan because if expectations get

out of hand people are like okay we're

done we're done we're done let's all go

in let's all buy Lambos then they're

gonna go back and do the whole you know

they're gonna have to rock pools like

you say yeah you know it's actually very

interesting the they are so uh every

single time they speak they they talk

about how their biggest priority is get

making sure inflation is getting down

that that too many people are hurting

and what they're doing by saying this is

they're not actually talking to us in

finance they're talking to the regular

American who's like dude everything is

more expensive Cheesecake Factory the

grocery store everything's more

expensive the regular American doesn't

understand this inflation versus

deflation versus inflation they don't

understand that stuff and that's fine

let people be fearful it makes it

cheaper for us to buy the stocks we like

okay it's just the way it is our schools

don't educate people in finance it's bad

we should but we don't so anyway so

you've got most people who are

completely clueless about this stuff

and you have a fad that creates

headlines almost every single time they

have these rounds of fed speak going

we're gonna get inflation now this is

all we're gonna do we're gonna keep

going until we get it down and really

what they're doing is you're just

massaging those expectations down

because what they didn't do in the 70s

was care about expectations they didn't

even pay attention to them until 1981

when they finally realized and and you

can actually see this in transcript

conversations amongst fed members that

oh wow nothing we're doing is affecting

expectations maybe that's why we still

have inflation and then it wasn't until

you basically had Paul volcker stand up

and say the number one enemy is

inflation we will crush inflation no

matter what it takes now I'm gonna align

that with what I'm doing and raising

rates that's basically what the FED is

doing today they're like even though

behind closed doors into the finance

folks you know they're like this is

great like this is Goldilocks this is

fantastic inflation's going down we

might avoid a recession this is great

publicly they need to put on the face of

we will not stop until the job is done

you know maybe even though we're

basically there it's this is all

expectation massaging so you're 100

right with what you're saying you start

getting you know like the more I hear

people on social media leave me angry

comments that are like what do you mean

you know inflation is getting better and

it's transitory everything's still

expensive well first of all we know they

fundamentally misunderstand inflation

but second of all that is good the more

you have people like that the less

they're doing what you said and going

out buying Lambos and borrowing to spend

all their stuff and don't get me wrong

people are still spending like crazy

but you're 100 right with which sake

you know what's interesting uh

expectations is also like the main thing

of normal human relationships it just

goes back to normal psychology like any

time you upset your wife or piss off a

friend it's all about expectations

managing expectations you either tell

them you're gonna do something you don't

do it or you mess up uh you just it's

like I said it just goes back to

mismanaging expectations

we jump back to the compliance thing um

with regulatory with crypto yeah yeah

please please

it it really seems to me from everything

I'm hearing is that the main person is

holding back from actually putting

forward regulation is Gary ginsler and

if you listen very closely to what he

said during that CNBC interview that's

pretty famous and you've called him out

for that also I appreciate it is

the one little thing he said is uh

coinbase is doing too much so coinbase

is doing more than just trading crypto

they want a custody they wanna

um they have the staking services and

they have the Futures market now and

have all these products and I seems like

Jerry's really frustrated and Confused

uh or at least using that as a scapegoat

to not provide regulation because

they're doing so many different things

and actually yesterday he went on some

meeting he's actually given some

feedback about the ETFs saying that uh

people call them out say Hey you know

coinbase is using uh I'm sorry uh all

these ETFs are using coinbase for their

uh what is SAS I'm not sure what that is

it's uh it's like custody now everything

Market making custody it's everything

together

right so he's saying that uh he doesn't

trust coinbase he's saying that coinbase

is basically going to trade against you

on the back end and they're gonna mess

with you and and they're gonna it's

gonna be bad for the consumer so that's

what he's saying uh meanwhile at 2X

uh a 2X leverage ETF is approved does

that make sense Kevin so is leverage

safer than a spotty yeah not really no

no you're right so to break it down a

little bit

um what you have with coinbase uh or

sorry with the leveraged DTS is you have

Futures uh ETFs that are leveraged that

are approved and Futures are really

contracts they're they're not actually

Bitcoin they're just papers like you

have to kind of think about it as like

hey I'm sitting down I make a handshake

deal with you and let's go trade this

contract the Futures contracts have

existed for everything and there there's

a pretty clear path to getting those uh

approved uh and then getting leveraged

versions of those when it comes to what

you're talking about with coinbase it

actually makes me think that it's

entirely possible that if we get into

this bull cycle here you could actually

see coinbase end up having multiple mini

IPOs basically splitting the business

into multiple different things think

about how the main uh like the the

traditional markets work today you have

have an exchange which I I know

initially when we hear exchange it

sounds complicated but just think of an

exchange as uh you know like I always

think of RuneScape you go to the middle

of the Town Square and you got a bunch

of trading stalls and somebody's selling

bread and you walk up you're like yo I

want to buy some of your bread how much

is it and you're like oh my Bread's five

bucks and you're like I'm gonna walk

over there and get the bread for you

know 4.90 I'm Gonna Save myself 10 cents

that's a market that's how we get price

Discovery because we have individuals

representing the market and

participating the market participants so

we have an exchange which you know it's

kind of like the the vest I'm wearing

here the New York Stock Exchange that's

our traditional exchange then you've got

Market participants sitting on the floor

so floor Brokers and market makers they

work price Discovery then you have

actual brokers who are like your Robin

Hood that like you as a retail

individual essentially get access to

that Marketplace because you can't walk

into that Town Square you have to go

through a broker and basically what I've

just shown you is three different levels

here right the exchange the market maker

price Discovery uh and then the broker

uh and then the Brokers are custody in

your assets as well so you have these

three different layers with coinbase

it's all in one it's the exchange the

price Discovery and the broker all in

one and that's very different from

traditional finance and that leaves no

precedent for the SEC and no rules from

Congress so you kind of have Gary

Gensler you know which obviously almost

nobody in crypto likes because you know

especially in that famous CNBC interview

he's talking about how like what do you

mean digital dollar we don't need that

we already have one and it's called the

dollar right that kind of makes people

question his sincerity in general uh

although I don't know if he meant to say

that buddy I mean that's what he said

but anyway uh yeah look it's um it's

going to be a rocky ride over the next

year I mean we just heard about you know

what some uh one of the executives over

at Celsius getting arrested and new

lawsuit against Celsius so it'll be a

lot of cleaning up but once it's clean

it's it's gonna be uh it's gonna be

great for crypto once it's all cleaned

up

Kevin do you think the dollar is

competing with Bitcoin

I probably it's it's interesting because

there to some extent

both somewhat speculative uh assets I

don't think that somebody who looks at

Bitcoin as a digital gold would ever

invest in the dollar so that's not

somebody who is a competitor somebody

who doesn't like digital dollars would

invest not in the dollar they'd invest

in just gold probably so I don't think

you have competition there you certainly

have competition for trading and

speculation 100 you have that uh as far

as a means of exchange I you probably

have little uh reason to use Bitcoin at

this point unless you're using it as for

like for an international means of

exchange and really I'd say most of the

speculation in the dollar today is based

on how high rates will be and given that

we've had these two week inflation

reports you're seeing the dollar get

piled on in terms of ashore you know the

dollar really peaked around actually

about a year from now when inflation was

at Peak because people thought rates

would stay high for long the higher

rates are the more people are attracted

to buying our treasury bonds because

it's the safest instrument in the world

uh deemed risk-free and and people need

to buy the dollar to be able to get

access to those treasuries so I think

you have a lot of different competing

purposes for the different Assets in

fact you have almost an opposite purpose

to buy Bitcoin versus the dollar like

you go long Bitcoin when you short the

dollar uh so I suppose that would be an

interesting way to maybe say there's

some competition but they're certainly

not competing for the same thing

um in that regard because again as rates

fall risk assets are going to go up

which is great for crypto and the dollar

is going to go down because yields are

going down so um probably too too hard

to compare on a direct level but but

look if we just step back for a moment

and say is is there a competition

between the dollar and Bitcoin I think

when we look at it from the SEC level

yeah yes absolutely because that's where

you literally had Gary again so say what

do we need basically digital currency

for we have digital currency it's called

the dollar right so on that level there

is

I'd say that's where him and your I

don't want to say you're wrong but

there's a common misconception that

Bitcoin wants to be a digital currency

uh first of all it's not fast enough

exactly way too volatile so I'm not

gonna hold Bitcoin in my business bank

account and have employees to pay an

overhead so the whole idea that we don't

need we don't need a digital currency we

have digital dollar that's it just

really pisses me off and I apologize for

my uh no you should be pissed and

whether or not Bitcoin is seen as that

that actual digital currency replacement

I I agree with you that's that's not

really the argument I think more the

argument is like why is Gary saying that

right like what what really why does he

get to decide what really should be up

to Congress and Congress should be

deciding and regulating what the people

want if people want different options

for a digital assets then Congress

should create a framework for that it's

really just Congress that's way behind

here Congress is ultimately uh the the

the group or the institution that

decides this uh it's not going to be

some judge that somehow magically

figures out that digital assets belong

and how to regulate them although that's

just what the SEC is backed into because

of all the fraud that's occurred so they

have to file these lawsuits to try to

squeeze the industry to mitigate fraud

uh and uh and then hopefully spur

Congress to regulate that's at least my

thesis on what's going on but I agree

with you on 2024. there there are laws

in queue there are two me I think Pat

two means some other Loomis are working

on bills that are already presented and

they're still working on them but to go

back just one more thing um

from my experience we have sold cars for

crypto in the bull market right now

nobody's doing that they're selling cars

but what really happens in the

functional functional usage of crypto is

people speculate on bitcoin so they'll

use the dollars to buy Bitcoin they'll

use stocks by ethereum and you know more

risky low cap coins and then they're

gonna cash out into usdc which is a

circle product uh also uh heavily tied

coinbase uh so for me I see usdc as the

digital currency that's competing with a

dollar that can actually become a cbdc

in the future and that's built in

ethereum why I love ethereum so

practically speaking to say that big we

don't need a digital dollar is

I was competing with Bitcoin I'm sorry

it's just it's just crazy

um like I said like you buy very very

speculative highly volatile Bitcoin so

that with dollars so they can later put

into usdc and then you can send it

overseas or or buy a car or whatever

with it and that's the actual practical

use of crypto is that you put into

stable coins so number one has got to

start with stablecoin regulation which

is the first step you uh you know if I'm

holding usdc like my plan 2025 I'm

cashing out 90 to usdc paying my taxes

long-term capital gains and then I'm

gonna go back in when it crashes by 50

60 again 26 and return 2030 but

like you said it starts with regulation

and that's what coinbase wants and

eventually they're going to get it and

it's going to be a beautiful thing so

appreciate your time Kevin thank you

yeah absolutely and I completely agree

with you by the way I'm a big fan of

stable coins to the extent that they

have transparency and I think that's

what regulation will bring because right

now you know we we don't know still

today how I mean obviously we've seen

the ramifications of it but the amount

of Leverage on these cbdc's uh well

sorry not the CBC speeds we don't have

those yet the on on stable coins uh is

is is obviously an issue this is where

we get the rehypothecation that took

down block fi and Voyager which was

literally what we had the CEOs on and I

asked them about I go there's got to be

so much risk in these cable coins like

I'm personally still so frustrated I'm

looking back and like give us

transparency of the stable coins like I

want to like stable coins but there's no

way you're offering nine percent without

all this crazy re-hypothecation they're

like don't worry we have safeguards in

place yeah oh oops just give it all the

three arrows capital what's the same so

yeah true transparency there in a real

functional stable coin I'm all in

yep and no I don't trust tether just for

the record

nice that's awesome dude this has been

amazing thank you so much man

thank you Kevin I'll hop on anytime you

want thank you now I want you to know

this when it comes to AI time is what's

going to make you money and if you can

prove that value to an employer you'll

always be able to be employed so this is

another way of making sure that you

don't get replaced but

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