 All right, everybody welcome to the Monday live stream. Thanks for showing up. I appreciate it We got a lot of things to go over so again, let's just jump right in so today Another great day green day. Everybody talks about how fantastic it is and it is we've been we've been Crushed in these these this bear market for quite some time And of course we've been we've had quite a rally and nothing has felt so sweeter in the last seven days It seems like I mean look at this Bitcoin, which is one of these slowest moving ones one from 37,000 all at the 42,000 in a week that's amazing and I've always said I think somebody knows something Somebody knows something about the ETF. Somebody knows something about the macro Somebody knows something about it's going on the Fed because that is a heck of a response for one of the largest assets and the most Best performing assets out there. So we have that and before we get into the main story We're talking about altcoin or Bitcoin and altcoin rotations. I just want to just give a credit where credit is due El Salvador They just net a four million dollar Bitcoin profit after holding a loss for two years Okay, we hear the president of El Salvador. I mean he got Ripped by everybody except for of course Bitcoiners and he came out and said, oh, sorry Bank of England I told you so and for context what he was talking about is that the Bank of England actually put a report And they said they were worried about El Salvador's adoption of Bitcoin. They wanted to give them loans They wanted to put them in debt and of course the president said no, we're not gonna do that We're gonna go for Bitcoin and worked out pretty great and on top of that I think everybody's been talking about this Michael sailor. He's now again also somebody who's been laughed at by traditional finance And now he is 1.5. I think I saw another report where it's like 1.7 or 1.8 now Billion dollars in profit. So what does go with 1.5? Not bad for a couple years investment. That's micro strategy Moving forward and again when people take a look at this and they say, oh that that'll never work out And it worked out pretty well for him I think it's the same thing for people that are actually in our space Especially you who have been investing for the last two three five ten years for the same thing has been said as well and then also I just want to you make mention of one thing There's always going to be people who are going to be negative against your investments is true and of course it's it's a little bit Telling when you got one of the greatest investors out there Warren Buffett like the guy He's got great advice or great books a lot of information And he's the one that said hey, I wouldn't buy all the bitcoin the world for 25 bucks. It has no value Which funny enough Bitcoin has more value within the entire amount of berkshire hathaway and it's in the number 10 spot And I want I want you to notice one thing and that's gold up here at the very number one spot at 14.12 One two trillion dollars. That's a lot That's a lot and I think that at some point bitcoin's going to eat into that And congratulations to all the gold holders. I am one of those. I own gold and silver And we reach an all-time high but uh, the lord giveth and the lord taketh away And of course we had a nice little pump today, but then of course it goes back down Some people are calling gold an s coin, but you don't understand this is like A very very long long time coming and theatership I'm sure he's happy having to wait a decade to hit this again. So congratulations to all you all you gold holders But I still do think that bitcoin's going to eat into that in some way shape or form so Let's talk about this altcoin rotation or rotation into assets And this was actually from coin desk institutional traders are split between bitcoin and ethereum And this is a research case by by bit. I'm not going to go over the whole thing It's going to show you this nice little graph right here where institutional investors and we can hear it We can see it. We can feel it. We know that they want Bitcoin and on the second side they may say a little bit of ethereum and five percent are altcoins now there has been a massive Influx in investing especially into solana. There is a a lot of institutional investment into solana but I found it interesting that it's five percent of altcoins and I think that's That's where I think that we are the same traditional finance and of course crypto investors because We get into these these safe spots What whether that be of course the s&p 500 or indexes or commodities? And you put yourself in the gold and silver only or like for the crypto and digital assets We put ourselves in the bitcoin first and then it kind of flow into altcoins and I'll tell you and I'll get to that in a second but It is amazing to me that traditional finance says Sit up and take notice and I think I it's it's also telling because one of the largest asset managers on the planet black rock with Almost 10 trillion assets under management It won't start a bitcoin ETF. This is mohammed L arian president queen's college cambridge You'll know him because he's always on cnbc and he sent out a tweet today and he's not a big bitcoin guy He said look the prices of bitcoin oil and gold are attracting attention this morning over 41,000 will hit 42k It's been it's benefiting from a general risk on environment and a weak dollar. Why is there a risk on environment? It's because of the speech made by drone powell Where he said they're you know It didn't allude to the fact but people are assuming that he's going to cut rates and when they cut rates That gives us a little bit more of an inroad into those risky assets Black rock as a matter of fact put out a report and said that on the year That the fed usually cuts rates if you're in a money market account the yield usually is 4.5 percent or lower So you have to rotate your assets in a sense that will give you a better yield because it only keeps slipping 4.5 4 3.5 Maybe into riskier assets And he says here that it's a little bit more risky right now as people are rotating out Oil is lower brushing aside the initial reaction last week's news on production cuts And he says it's a general risk on environment and a weak dollar I thought to myself like is the dollar really that weak? We take a look at the Dixie here Which is against a a basket of five or so currencies. Let me just pop this out to like a three-year plot We can see that. Yeah, I didn't realize it was actually gone down as much We saw that the strength of the dollar in october 9 2022 was that it's a peak 113.31 113.31 I thought what's you know, I just thought it would you know ebb and flow But if we can see it now That actually it hit it was about below 100 on july And now we've come up to 106 and now we're coming back down to 103 So quite a bit of difference and he's right and then actually I want you to notice There's two interviews. We're gonna we're gonna take a look at it's only This one with l arian And then we've also got one from this is uh over on cnbc Joe mazolla was the director of charles schwa where you get into the rotation of assets But I just thought it was very telling that cnbc I mean, they're here to talk to mohammed about the fed target rates of inflation and And what's happening with with the fed itself when they're going to cut and over here with Joe mazolla for the charles schwa director of trading They talked about Rotating in the different sectors and just listen to this as they kind of just kind of go off the rails And sort of talk about more about crypto. So let me have you actually hear this the right way Let me pull this up share my screen The right way so you can actually hear it And I gotta tell you listen to this and don't and tell me if we're not early take a listen Bop bop bop bop bop bop chief economic advisor and a leon's and president of queen's college at caveridge university. I'm just happy you finally Got friendlier towards bitcoin at finally did that uh mohammed right and and you you found in the mid 20s I think you said it was going to get a catch a bit at that point. I think Yeah, but what a bid Yeah, I mean listen, right Hey mohammed. So we just heard that the atlanta feds at like 1 percent or something. So that 5.2 percent print um That's like ancient history. I guess already or should we view it that way No, I wouldn't call it ancient history. It's real It has benefited our economy, but it was also associated with a rundown of savings. That's why when you extract Okay, so he's going to talk about rundown savings He's going to talk about the massive amount of debt that we have in credit cards You know that america we have over 1.3 trillion dollars in debt right now and the average credit card in america $6,000 on credit. So it's something to take to take into account. We're talking about all these things But I got to tell you it was interesting how like they're here to talk about one thing and they're like Hey, how about that bitcoin? It's this it's the thing that really drives the narrative the next one We're going to take a look at is the charles schwaub gentleman who's responsible for investing and talking about selling into strength And rotating into different sectors. So again, it's about a minute or so to take a listen to this And again, he's here to talk about something different. They're like and they kind of pull him into crypto Who's out the year joining us is joe amazola. He's charles schwaub's director of trading and education and You know the last couple of weeks of of the year are always super super active and then you add in what's we're seeing in crypto right now And i'm curious what what kind of numbers you're seeing Hey, good morning. So I think this story Of the imx the investor movement index which we track on a monthly basis Is really one of kind of selling selling into strength and rotating into different sectors and that's what we saw in november We saw our clients kind of move out of some of the mega caps and take advantage of some of maybe that Underneath the surface that you're seeing overall in the markets We saw selling in communication services We saw selling in it and a lot of buying in health care energy and then consumer staples So that rotation that's kind of underlying the surface right now same thing that we're seeing here at td and schwaub What do you see about the crypto piece of this so how do you sort of Make sense of that Is that you think totally dependent on what the fed is doing or at least the perception of what the fed's going to do next year Well, you know, I still look at crypto as a trade. So I think that uh, it's a momentum trade and and What we tend to see is we don't see a lot of buyers of crypto at the bottom We see a lot of buyers of crypto at the top So when you start to see things kind of pushing into next levels That's where that kind of the retail interest really starts to pick up a bit Could it be a story in terms of what the fed's doing? That's a bit hard to tell but when you look at kind of the backdrop of what we've seen In the market as a whole let me think about this We we saw a 50 basis point drop in the tenure yield just uh in the last month alone so there's a lot of Uh, a lot of buying and a lot of excitement and maybe some of these names that had underperformed And I think that that's kind of what you're seeing some of the interest rent interest rate sensitive names You know the biggest name uh in terms of the buying from our clients Believe it or not was uh was realty income letter o and so Some of those stocks and and you know crypto to a certain extent Some of those interest rate sensitive names have really taken off in the last month And a lot of that just has to do with the changing macro environment I mean it looks like you know based upon what uh the cme fed watch tool is telling us That they're pulling forward rate cuts into potentially march and even potentially uh, june with around an 85 percent chance Yeah, so I mean it went a bit long. Sorry about that But you you you give what he's talking about here He's saying like look there's a rotation of capital and we go into these huge mega caps This is traditional finance and then we get into some smaller types of things He talked about uh technology and education and different things he said But it's the same thing here with with uh digital assets and crypto And we talked about this before is that everything kind of from her starts with bitcoin That's why you have a bitcoin dominance and then people sort of get out of bitcoin to take those profits because it's the safest thing They roll them into the altcoins They ride those altcoins up Then they sell them and they get back into bitcoin and bitcoin dominance goes up again And then if we take a look at it, it's a very simple thing and if you ever want to If you ever want to listen to somebody talking about bitcoin dominance, I know a guy His name's been count And uh, I think the next bit is going to be at least two hours And we can just see that of course You know the price action is doing pretty well But if we take a look at the bitcoin dominance itself just going back to may 2022 in the red Is bitcoin dominance and you just see that like let's just let's just go for recent So bitcoin dominance 45 It drops down a bit people get into also a bit And then it rides back up as we sell the alts and we take those profits Then we go back down and we go back down Because people are getting the alts and they sell them off and then just recently october And of course october 2023 everything is kind of especially like web 3 gaming has has gone out just Like gangbusters. I just interviewed kaggy he's big Into the web 3 blockchain gaming. He's got a youtube channel twitter great guy and we talked about he gave me his his his price but not a price predictions, but his The projects that he sees doing very well and why they're going to do well And I gotta tell you it's the same narrative. I keep hearing alt coins alt coins getting to those And i'm going to release that video tomorrow, but very telling about where things are going But you can see bitcoin dominance 53 percent then people got into alts yet again It goes it flows out of bitcoin and now look what we're doing here And we're going up into almost 53 percent for bitcoin dominance. So can it hit 60 percent? Yeah, maybe I don't really know but uh, I can just tell you that uh, I think As we get into more of this bull run, you're going to see more of this You're going to see especially I think bitcoin take a little bit of a flux Especially with the utf coming out I also think stacks will be pretty well because of their layer 2 And I think there's a lot of gains to be had but then they'll go into alts People will take the alts and move up and that's why I think it's important that everybody just pay attention To what's happening in the just bitcoin and the alt coin market because there are massive Gains out there and the other thing I like to look at real quick Is they can look at in the money There's a great website into the block and in the block we'll show you what's who's in and out of the money And really what it means is how long are people going to hold on? And until they actually want to sell or have to sell Some of these these plays like look at this bitcoin right now at roughly 40 48,000 that what it is let me see what are we at I can't be right 42 41,868 If we take a look at that How many people are in the money now, you know 87 of people are in the money. Why well That probably doesn't make any sense because people bought at 67 six nine thousand. How is that possible? It's because the same people that bought the top Also listened and said you know what I maybe I'll dollar cost average and I'll buy it at the bottom Towards the middle or towards whatever And they've lowered their cost basis enough to now Almost 90 of people are in profit That's why I like to take a look at this at this page because when there's more people in profit There's more people that want to like sell and get rid of stuff So you can see that like I say either cardano not too great out 55 of people are out of profit Dogecoin look at this almost 72. I'm actually dollar cost average dogecoin right now I'm dollar cost average and chain link and actually I did a video yesterday out of all the different creepers that I own Going from there ton coin amazing 66 percent polygon one of my other bigger holds Even up I don't think I'm actually in profit on this one now No, probably not because I bought it. It's uh some pretty high prices. It just happens die she but he knew he was out of profit bitcoin cash doing pretty good ok b I don't really like uh The exchange tokens after got burned so hard on the other ones immutable x rep bitcoin anyhow, you can find us over there and what the heck FTX token Let's get into that People are in profit FTX token. Let's see why so Here's the thing we just talked about the bullish case and we sound some pretty good things and looks pretty positive, right? That is happening. Let's take a flip side to that and some of these things I got to tell you I think people are setting themselves up for failure now. I can't tell you what to do I'm not a financial advisor. I'm not your dad but This is kind of ridiculous and if you're doing this Hey, good. Best of luck to you Tokens linked to defunct terra shoot 70 percent on bitcoin linking burn program So terra 2.0 and terra classic Gained more than 10,000 you today gains more than 10,000 percent. That's really sure Three tokens luna classic terra 2.0 and terra usd classic have jumped as much as 70 percent in 24 hours So if you think you're like a great trader There's always someone doing better and I don't know if they're manipulating it, but it doesn't make any sense to me Here's the terra luna classic and we take a look over the last 24 hours Almost 30 percent You know that in 30 days, it's up 265 percent terra luna classic. Am I telling you to buy terra luna classic? No I don't see the point of it. I I won't buy it probably because you know everybody that got burned, but hey everybody's out There's different. Here's terra terra 2.0 This is the new terra 2.0 chain. Check this out In 30 days, it's up 133 percent and then here's some of the nonsense ftx token or ftt Uh over 30 days. It's up 300 percent. So if you thought your tokens doing great or your crypto or even bitcoin It's getting beat by a token that is by a defunct exchange That is essentially in bankruptcy and the founder is headed to jail and is on suicide watch right now Hope it works out for you sam So with this one, why is this happening? Well, it's because The guy that's supposed to protect us harder gary ginsler said he would give the green light or potentially to starting up ftx again Unbelievable and this I think is a bad play, but again, you can do whatever it is you want to do So that is it for today. So look Some days I don't know why people do the things they do But I could be I could be looking at it's all wrong and that's why let's stick around you talk about it So look if you got to take off take off if you like today's video Give it a thumbs up consider subscribing. I'm going to talk about his time sense of