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welcome back to cryptos are us I'm George we're all George so happy Friday today things are looking pretty darn good for Bitcoin and crypto we have several huge SEC news including one big dismissal that we got to talk about uh Gary's probably not feeling too good hearing about it so let's talk about what's going on to today why this dism missile is such a big win for all of crypto and let's talk about everything else that's going on today all right let's do it guys oh let me fix my screen here there we go welcome

welcome welcome we are starting out just a little bit under 99 ,000 in fact we were at 99 we were at like 995 just like 10 minutes ago Wall Street opened up I think they're going to try to digest what is going on and let's see what happens what is the big news for today well first of all wall Street's opening up kind of mixed uh NASDAQ a little bit up dial a little bit down but the big news or the big dismiss is this SEC has agreed to dismiss its case against coinbase now this

is pretty big for several reasons the reason why SEC sued coinbase in the first place first of all coinbase itself was very very very careful back in the day in terms of which coins it listed okay uh it was not uh the the offerings back in the day was not like what it is now now they're listing like memes left and right because Brian Armstrong's like hey if we're going to get sued you know we're just going to start listing anyways but back in the day they were very very very picky they didn't even have

cardano listed okay because they were afraid of getting sued and then they were send to Wells notice they tried to work with the SEC while Gary gunler was in charge they went and talked with the SEC several times and it seemed like it was all good until boom they were sued and it's been ongoing for many many many many years and they were sued for offering Securities okay while being unregistered and and for properly registering its crypto staking program because at the time Gary gunler also so considered any kind of staking a Securities product too

so basically back in the day anything was considered a security okay according to Gary uh even Stables stable coins uh yield anything is is is a security um so like Kraken for example was Su and Kraken like relented and gave up they didn't have the fun like coinbase did to fight uh paos was sued they relented they they gave up but coinbase did not they fought and good thing they did because now with a landscape changing basically they have done nothing wrong and bance might win too they were sued for the same thing and uh

they might win uh if dismisses that case too which most likely they will because of this judgment so this is pretty big this also Al has bigger implications because in the lawsuit they named a lot of specific coins at the time they thought were Securities uh which means now they they probably think those are not Securities so the whole landscape is changing we know that the SEC is being revamped in fact their new new enforcement unit is getting rebranded okay uh to something that's more you know not not as like daunting or scary they're calling

it a cyber and emerging technology unit they're not calling it like a task force like like it's a agency that's going to attack you they're trying to name it into something more friendly to work with projects okay to to not hinder Innovation to actually you know be somewhere that project could go to and actually not get sued okay so it's a it's a it's a totally change in mind set and I think this is going to be a big deal going forward right so I think this is a big deal for not only coinbase but

for all exchanges going forward it's a big deal for a lot of the crypto companies that were named um as Securities right and this sets this pav wave for others that have been sued for example Unis swap was sued probably that's going to get dismissed because recently they also said that anything that's decentralized is not in their purview they they voluntarily said that so that loss is probably to be dismissed the one against xrp probably the LA I mean against Ripple will probably be dismissed uh the one against binance that will probably be dismissed there

are a lot of pending ones probably will be dismissed and then speaking of stables they actually approved this one from a company I've never heard of but this stable is a new one called yields I guess that's that's the abbreviation for it uh that actually gives you a yield 05% yield this is approved by the SEC the very first one by by a company called figures market so if you're tired of holding a lot of tether or usdc and you're not getting anything by holding it this is actually pretty compelling that you can hold a

stable that actually gives you yield although it's very little but it's still something it's better than nothing and this is SEC approved which means they're probably pretty legit they have the Reserves to back up their Stables this also came out yesterday quite interesting quite interesting see again the landscape is certainly changing this definitely will would have not come out during Gary's regime in fact this was filed during Gary's regime of course it never was approved until now so that I mean a lot of big SEC stuff been happening um not just in the US Canada's

equivalent I guess of Us's uh osfi no I think they're they're not the equivalent but they're they're more like the I think it's more like the FDIC I I don't know what the osfi equ but they they're in charge of guidelines for banks uh because they recognize that crypto adoption is growing so they're basically sending guidelines for banks so that Banks could be more open to crypto businesses and accepting crypto I guess um or becoming crypto custodians so overall those are good good stuff good stuff indeed all right what else is going on well of

course Wall Street their appetite for ETFs keeps on increasing we did have pretty much a whole week of outflow but these ETFs will continue to launch here's another one Franklin Templeton offers a new one with Bitcoin and ethereum so you get exposure to both they will keep on coming in look at this the number of SCC filings that that mentioned Bitcoin and overall they will not stop and they will soak up more and more of the supply over time these ETFs will eat so much of the supply there's not going to be enough to go

around and yes one day they will drain out the OTC market right now it hasn't happened but in the future it will it will and that's compounding or I should say this is a compounding on top of that here's another state Iowa that wants to join in on the fund on top of the other 22 States now that are looking to introduce Bitcoin okay uh a Bitcoin strategic Reserve so you got every single state looking to get in so this is compounding on top of the ETFs and of course you have big daddy sailor with

strategy that continues to buy more and more and more and him and the other companies around the world that now have their own Bitcoin strategy that continues to raise and buy more and more and more and more in fact sailor just said hey I believe there's only one nation state that should buy up 20% of the supply I think it should be the United States I think it will be the United States that's kind of crazy though kind of crazy and I saw Vanek actually say that if the us because Trump mentioned about buying Bitcoin

and paying off the national deficit with it vanc predicted that if uh the United States was serious about that we would have to buy 25% of Supply if we did that eventually that would be enough to pay off the national deficit if you think about it that's pretty crazy first of all buying 25% of Supply is is doable uh right now at its current prices um but like you know like in 10 years 20 years if it could actually appreciate enough to pay off the national deficit that's crazy that's crazy um but by then you

know you don't want the government to sell off 25% of the supply at one time that would that would that would cause a massive crash uh but anyways that's uh that's interesting but I do think once the US starts stockpiling Bitcoin the other countries will follow too that's a no-brainer you know Russia and China's right behind Brazil and everyone else the Latin American countries Middle East especially Middle East European countries Asia they probably started ready everyone is going to be jumping in no doubt about it uh and by the way people have asked about this

but a lot of you guys want to go to the Bitcoin conference this year and this year is in Vegas so sailors go be speaking I will be attending and there's a lot of other people so uh so yeah if you're go go I do have a discount code so in the description I have a link if you want to go use my link and you'll get 10% off so people have asked that before if there's a coupon code there is and it's in Vegas this year so Vegas there's always a a glamour to that

the Sin City just want to let you guys know all right outside of that plug uh we got Sora Ventures that's kind of doing the same thing as micro strategy or strategy for Asia so like I said everyone's doing it everyone has their own Bitcoin strategy and will only increase and of course meta planet is doing it so you don't want to miss out right so now from a technal standpoint this bullish pennant that I've been talking about for a while is starting to play out you know we were on the bottom of the pennant

for a while we're starting to come back up and at some point we're going to break out of this pennant right it got a little scary for some of you guys seeing Bitcoin hang like at the 93 994 95 people were getting a little bearish but now we're back to 999,000 almost to $100,000 not so bearish anymore and here's the good thing it's not just Bitcoin I got something really good to show you guys about altcoins we have one person uh the found of crypto Quant that believes that allcoin season have started and here's the

reason he he's looking at the money flow okay I've already mentioned this this cycle Bitcoin is not led by retail so you're not going to see money flow from Bitcoin to the alts because the institutions that hold Bitcoin they're not going to sell off their Bitcoin to buy Alt they may put more money into let's say the salana ETF or the xrp ETF or cardano ETF but they're not going to be selling off their Bitcoin to go buy a meme coin or something like that but Kai is looking at like the money flow from the

stables and the Stables they're all going into alt they're not really going to bitcoin well at least at a 2.7 x ratio so almost 3 to1 favoring the alts and if this continues obviously you're going to see a massive amount of money go into the alts there are a lot of stables on a sideline still we're talking about over 100 billion dollar sitting in Stables right now waiting to come back in and then you got like the FTX distribution which is another 10 plus billion and all that coming in if they're all going into alts

this could be how altcoin season starts it's not rotating from Bitcoin into alts it's just Stables rotating into alts right and today we're seeing a pretty good recovery I Mex are didn't move today I'm surprised xrp didn't move today I would figure people think well if the coinbase case got dismissed the Ripple one should be dismissed pretty soon too I'm I'm surprised people have not made that correlation yet but I'm thinking people will soon uh sui's back up in a big way 350 Solana is recovering big way 178 uh aah algo link you know you

got a good good recovery today for memes too pretty good recovery overall today so yeah it's looking a lot better today um what else is there well for those of you guys that love memes and love D genen into memes uh even after all the controversy recently here's another one for you to look into Kanye uh do people still call him Kanye West I thought he changed his name anyways Kanye is going to be dropping his own um Meme and uh he's following in Trump's footsteps but he's only going to hold 70% instead of 80%

so it's going to be called easy the easy token and it's a way to bypass platforms like Shopify um so I don't know if that means you can use it to buy things or it's complete meme I I don't know I don't know the details yeah I don't I don't know the details but this is coming in case you guys wanted more memes all right that's it uh you know what let's see let's see a big one you know yesterday Wall Street dipped down huge yesterday that was minus like 5600 NASDAQ was down everything is

down but Bitcoin was up yesterday uh looking at today all the Bitcoin related stocks are up today too coinbase up obviously from the SEC news uh you got GameStop up Robin Hood up micro strategy up strike up everything is good all Bitcoin related stocks or crypto stocks up everything is still up today not as up as before but I do think the whales are back it could be binance themselves a couple days ago I reported uh or I reported someone reporting that binance is buying back I don't know how true it is we don't have

their addresses but I did want to look into it if binance is actually buying back what they sold off this would explain everything but I can't I can't prove it I can't look at it but someone is definitely buying back uh in a big way that's why yesterday we had a good recovery today we're having another good recovery and if the way we're going now you could be right back above $100,000 even by the end of today all right let's do some Q&A did I watch a game last night which game is it I don't

know which game you're referring to um a lot of people have been asking about Sonic Sonic actually has been going up a lot Sonic actually has been doing quite well I am not a hockey fan never been and uh no so I did not watch the game um Sonic actually has been moving pretty good up 16% today look at for past week been moving pretty good they they they are also having some kind of meme contest too so I'm wondering if that's the reason why the Canada win I mean when it comes to hockey like

like that's that's Canada's thing right if Canada lost that'd be pretty embarrassing that's like that's like the United States losing basketball in Olympics I don't think I'm I'm I'm just going to say this I don't think you're going to find any yeah I'm not I'm just not going to say it um I was going I was going to categorize a certain group of people not liking hockey but I decide not to but it's true um Fire Down Below our safe blue chips are safe blue chips no longer safe like render I don't I don't know

if anyone ever put render in a blue safe category um yeah I mean render's not gone it's still there I I don't know if I would consider a blue chip though Provine how do you make those uh Chinese Spanish video voiceovers uh I don't I just uh I just do them they're not AI I just I'm just really good um no I I have someone that does it for me hey Ming George why do you think bitwise and grayscale fight Doge ETF over Soul ETF I know why grayscale did it because gray scale wants to

just convert all their trust I don't know why B wise I don't know is they just want to take advantage being a first mover but too late great grayscale just files for everything because they want to convert all their trust because they you know all their clients had their uh their money in their trust for years like like you know years upon years upon years and now and they can't sell uh but after conversion to ETF they can so that's the reason why the last time I remember you talk about the ODS Market there was

about 144,000 yeah that's true I I don't I don't have a real good way of checking out the OTC market I wish I did but I don't but you know logic would dictate that at some point it's going to dry up there's only so many sellers you're not going to have infinite amount of sellers selling via OTC Joseph I have no idea what you're talking about no idea what am I drinking an Irish coffee no I'm not uh just black coffee I have the same black coffee that I buy I buy a K cup from

Costco the the breakfast kind you know you buy like a box of like 150 or something and I drink the same thing every single day and I don't really enjoy it but I just do it just so I get a caffeine fix but I don't really even think it helps me but I just do it out of habit Stefan BDC and gold in The Sovereign wealth fund well I agree with one part of that uh putting gold in that Sovereign wealth fund would be a mistake because gold does not move so why would you put

in that wealth fund Charlie welcome what are you buying these days are you sitting on dry powder at the moment um yeah I didn't buy a whole lot I bought a little xrp recently uh that's about it I've been just trading a lot honestly it's like Net Zero if anything probably net negative like I'll I'll do good one day and then I'll lose another day and I'll do a good one day and lose another day so it's like I don't know it's just not going anywhere Trail and see that is the most depressing coffee story

ever that's the reality though I think most people drink coffee they don't enjoy it they just do it because they need that fix I don't know I would enjoy coffee but I like my coffees to be like very sweet and cold and you know I can't be drinking like like a Frappuccino or iced coffee or something every day um so I just s with black coffee uh home sales drop sharply that's probably not going to help markets prices hit an all-time high for January why would prices hit all-time high for January why would price of

homes go up and January versus December is what I like to know uh it's up 4.8% from the year before up 3.5% just from December what people just like raise the prices of their homes tight Supply continues to pressure prices yeah I feel like this 29% of sales is either from like like big asset managers like Black Rock that's buying them up or home flippers uh like a normal person a normal household they're not paying all cash for their house um and this doesn't this doesn't even quite make a lot of sense according to this

the price went up because the supply is short that's why people raised the price of homes well if the supply is tight then then how are home sales dropping it sounds like the supply is tight so the market is hot but this is counterintuitive to that I don't know that doesn't make a lot of sense it does and it doesn't this is like basically it's self self uh imposed like this is caused purposely because of the tight Supply does a cyber truck have heated seats yes and ventilated seats Fernando it makes sense but it's self-imposed

home sales drop isn't because it's a bad economy it dropped because people purposely rais the price so the headline doesn't make sense so it it it's just like you should you should just say you should just make it like that like this headline and people read it is meant to scare people you should just say this this is reading like oh the economy is bad so home sales drop no if you actually read the article the economy is good there's just not enough there's not enough houses so people are actually raising the price of their

houses um because the market is so hot that's why they have they they they raise the price so much that's why it caused the home sales to drop so it's not because the economy is bad that's why it's it's a deceiving title and deceiving like data basically and then with that Bitcoin starts pumping see Bitcoin Bitcoin can't be fooled bitcoiners no better I don't know I still hear that uh Black Rock is uh buying up all these homes and then just renting them it could be because black rock is just buying all the homes and

then um artificially raising the prices too it could be because of that it's not that owners are actually real owners are raising the prices it's just black rock is buying up all the homes and raising prices that could be the case too Pat says I love black coffee but you have to buy better quality Brands the cheap ones taste bitter I drink Kroger's Private Selection that sounds expensive uh apparently it's Green Mountain repackage and sold for Less it sounds like a blue label type of black coffee I may have to try it if they sell

at Costco I think I seen Green Mountain before um if they sell at Costco I'll try it Fernando I bought BDC in January 2024 holding a like my home congrats you're up quite a lot Private Selection is to offbrand poor people coffee what what is like considered like the the rich people coffee like the the the really expensive coffee that you can buy Starbucks I guess uh no one really knows what the expensive coffee is uh are covered calls a big part of your investment uh not covered calls just uh uncovered calls and they're not

big part small part I have um I guess uh some uh a small amount of just open calls on Robin Hood because I think they're going to do very well this year but that's about it I don't think there's any consensus on what the best coffee is everyone's just throwing out random cof coffee names Kona I see a lot of people talking about Kona uh how often do you drive the Ferrari almost never especially now in the winter even not in the winter I hardly drive maybe once a month probably once every two months last

year I D I drove it less than like 50 miles I think overall I only have like 300 miles on it in two years the cat poop one seriously good I'm not going to buy a cat poo coffee I'm I'm not going to do it oh look at that bitcoin's coming back up 993 today we could break 100K again that would be really nice we haven't cracked 100K for a long time several weeks now uh I have it hooked up to a battery conditioner I made that mistake once and uh it completely died here's some

money for cat poop coffee I'm going to have to look that up I I don't know what you guys are talking about this copi Luwak partially digested coffee cherries which has been eaten and Def defis by Asian Palm cette uh who that's not a cat whatever that animal is a cette so so where do you get this kind of coffee one of the most expensive coffees in the world selling between 220 and oh no $1500 a pound in 2010 most customers are Asian especially those originating from Japan China and South Korea some coffee shops sell

a cup for $35 to $80 I'm going to have to try it some of these days uh one of these days Adam Bomb my go tokens never got converted V2 while sitting in eth based in RX wallet it might now screwed possibly I don't know if they have any any conversions left you have to check out with Gala man I don't know if they still have a open conversion they probably do they probably do just reach out to them where where do you even get this can you get this on Amazon I bet that's not

real $29 that doesn't sound real um I guess you could get it from this company right here I don't know if that's real or not not either you get the the nepresso I guess you could get it for $28 50 50 g i I don't know how much coffee you're going to make with 50 grams yeah I don't know how many cups you make with 50 GRS unless that's like one cup four cups that's not very expensive then maybe this is a scam hold be one the same price get 10 capsules that means 10 cups

for $35 that means each cup is $3.50 man that that there's something wrong there that this can't be what they're describing in Wikipedia it can't if if coffee shops are selling this for $35 to $8 a cup no there's no way you're getting it for 350 a cup here we go 50 50 Grands for $49 the other place was $29 I I don't know I don't know what what's real I'm not going I'm not going to buy it I'm not go buy it guys I'm G stick I'm GNA stick with crypto all right guys um

have a good one guys today's pretty good pretty good overall except the broader Market is not good um but you know big bitcoin's doing good crypto's doing good SEC is dismissing Cases left and right it's good overall for crypto so stay strong my friends uh tomorrow I have another crypto Cruise video for you guys tonight oh tonight dirty Deens with uh Josh so don't miss that uh tomorrow crypto cruise and Sunday walk and uh that's it that's it um Bitcoin conference tickets if you guys want 10% off make sure you click that link I don't

know what else there is I think that's it all right guys have a good one take care