 Great welcome to the last set news to get top stories in crypto right amount of bite-sized pieces So today just the thumbnail and title suggests we're going to take a look at the next correlation With what's going to happen with Bitcoin the entire crypto market? I believe it's going to happen on July 26 and 27th when it's all about the Fed, which is why I labeled the thumbnail WWFD, which is what would the Fed do? So we're going to take a look at that first thing we're going to take a look at though is my is my Favorite indicator and it's been highly accurate so far and we'll take a look at the markets take a look at the correlation part And then we're going to talk about why the heck? VG actually the Voyager token is up over 300% This week even though the actual platform is down Because they're not allowing out withdrawals or trades or anything else Then we'll take a look at how stick state regulators are coming for Celsius and then lastly we'll talk about how for some reason You guys my subscribers are being the pants off me and sweat coin Which I did not think was going to happen, but here we are and then at the very end we'll do a little Q&A So before we jump into all that let's take a look at what I call my favorite indicator thus far and my favorite indicator and you know, I'm not a TA person or anything like that, but There are boots in the ground and people who know a heck of a lot more than I do and who are privy to information That I will never know because they've been around since 2013 2014 and that indicator is Simon you and Simon you if you don't know is The creator founder CEO of storm x cryptocurrency has been around since 2014 and I just met Simon you face-to-face at the conference For consensus on June 9th 10th 11th, and I have to tell you just between us You know how there was a Celsius collapsed and The person that told me about that Was Simon and he was the one who told me at the conference. You've got to watch out for Celsius There's something wrong with it And he said I think it's gonna collapse and that was on June 10th when I won't I met him and then we went home I did the video on June 12th. It collapsed nine hours later And then before that he is also the one that told me about the lock-up periods for VCs and how they hate VCs and how when they did it for their program it's Was something they would never do again and so far the things that Simon's talked about has been pretty damn accurate Accurate than a lot of different indicators that I've had so far and then this one July 9th. He says many smart people are saying we saw the bottom But I don't think we're quite there yet billions got wiped off and billions more got stuck with Celsius Voyager It's gonna take a while to recover of course long-term on bullish That was July 9th when people were calling for Quote-unquote the bottom if we take a look at Bitcoin just real quick and oof not too bad today Actually, let's be honest. I'm too bad July 9th was somewhere around here 21,000 631 people like it's never gonna go below 20,000 again There's no way then of course we're here we go again, and then he's had some pretty good pretty good comments and He follows up with Celsius and things that are going on and then at the very last one This was pretty good actually he talks about how there's no state no state taxes before to post a record 21 8 billion budget surplus makes you think about the other states and he's got a point and then This one was interesting. I Genuinely believe we're getting close to the bottom Fettle before with the pivot some of the larger Asian countries have started already and it'll happen here again as well And then the last one the Fed is trying to replicate what a Volcker did but raising rates won't curb inflation My difference now is 20% entire money spike So if you're looking to follow one of my favorite indicators Simon you there's a link in the description Let's see looks something like this follow Simon you that is his Twitter account 100% free and Got a lot of great information. So that's what's going on with my favorite indicator Now let's take a look at just what the heck is going on in the markets And if you've been following the channel, you know, I Stopped dollar-cost averaging every day and I went to every week I bought a little bit of Bitcoin on Sunday, and I thought you know I think there's gonna be a little bit of a fluctuation with the CPI numbers and it did and people would they would Tell me but Robbie don't understand. It's totally priced in and that's it. That's cool. You know, we say well It's priced in I don't it depends on what you consider priced in because there was a pretty good rebound I must admit and this is even surprising to me again every time I think I know what the market's gonna do I'm proved wrong But if we take a look at Bitcoin just Bitcoin specifically and what actually happened today When those CPI numbers came out You can say there was quite a bit of a drop and I thought there was gonna be a drop I thought it was gonna be more Honestly, but it did recover and we almost went below 19,000 yet again 19,051 and then I snatched it up because I told you guys like watch the video I'm like I'm just gonna wait for the CPI numbers to come out and then instead of me dollar-cost and dollar-cost averaging every day I'm just gonna save up the money That I would have done every day for Bitcoin and just put it on today and that was right here on here I can't catch the bottoms. I'm not that smart not that fast not that good But I can catch it around here and I was okay with that and then maybe I mean Maybe it goes down again because I think the next big indicator, which we'll talk about a second is July 26, so again, you can you can do whatever you want to right? Who's your dad? I'm not it and I can't tell you what to do I can't give you financial advice. I'm just telling you what I do and Of course over the last, you know 14 days seven days It's just seven days. I mean, I could have kept buying every day on 21,000 21 511 216 20,000 583 but I said I'm just gonna wait and that's the hardest thing to do is just to wait and I had a discussion with somebody about this about you know dollar-cost everything was great But what I'm doing right now is value-cost averaging and it doesn't matter what I do do what you do You know if you're making profits then that's all the matters And I just wanted to save up instead of buying here and then just kind of buy around here and it worked out But did I do it perfectly? No, and I never will so that's what's going on in the market Let's see. I'm just curious to see how things went the whole day The I wonder if Ethereum broke a thousand just curious. Let's see And No held up. Wow held up 1021 and that's pretty much everything So if you're looking for some positive news, that's it because I mean the CPI numbers came out 9.1 and we still held up. So I gotta tell you I'll take the win and of course we take a look at the markets itself. They're doing quite nicely So again, if people say it's priced in, you know When I think priced in I think well, maybe it won't fluctuate too much But it did but it did rebound and then some people will say well, that's priced in some people say It's not priced in doesn't matter. All that really matters is are you making profits? Are you able to buy those assets? Are you living comfortably? Are you providing for your family? That's the big thing. So that's what's going on And also I did want to bring this up Real quick. This is the crypto quant charts and we can see that Bitcoin miners aren't selling too much Exchange reserves are still going down except for well a little bit for Ethereum And we know that once those things to get taken off It's good news, but I am just so still concerned about the estimated leverage ratio shorts and longs people going on leverage 2550 100x whatever craziness they do. It's still extremely high It's almost at an all-time high. All-time high was just a couple of days ago And now we dropped down a little bit, but that's that right there in the purple That's some heavy heavy leverage going on right now. And that's all you guys I'm not a trader, but there is one thing the Bitcoin market value versus realized value ratio. We're for the year. Let me blow this up. See if I can do this Anything below 1.0 is considered a bargain sale fire sale. Whatever you want to call it and over the last year You can see that we've gone below. We've been holding below that 1.0 since 12th of June. Holy smokes. And then we are almost at an all-time low for the year at 0.87 so again Would this be a bad time to buy? No, not really could it go down to 14? Sure, but then there's something you have to ask yourself Is Bitcoin? Inexpensive or cheap or is it overpriced? I think that's the bigger thing. Maybe you want to ask yourself So that's what's going on the market Now let's get to this part July 26 and 27th, and I think it's no mystery to what I'm talking about here CPI came in and it talks about the CPI for all urban consumers increased 1.3% in June Honestly, the ingest and base out raising 1% in May USB rule of labor statistics over the last 12 months all item index increases 9.1% Before seasonal so it's still high. Let's just say it's just still high But you have to understand a lot of these factors they're late indicators So it's not like they just did they just pulled this data, you know Just a couple of weeks ago. This has been an ongoing thing. I I Thought it would be high. It was interesting to see I didn't know was gonna be this high But here we are but we talked about this yesterday at great length We took a look at the housing market. We took a look just how much are actually on the market itself And what could potentially happen? We took a look at oil prices Which has been which have been dropping mostly because of the lockdowns in China and some other factors But you know, you have to understand it's all about inflation and there's a great website app.trueflation.com I think I put in the comments or in the description But just TRU flation.com and you can see that What the Fed is doing is kind of working. I mean, I'll take my hat a little bit now It's not as low as in September 2021 but over here. It's actually reducing just a little bit So maybe by next frame will be okay But that's not good enough for the Fed. What the Fed's gonna look at is those CPI numbers go, you know what? We need to Increase those basis points and everybody says that point seven five is built in But there's a lot of people who are saying, you know what after these CPI numbers and the and the and the rate of inflation Maybe they're just gonna say forget it. Let's just go a full point now If that happens then that means on July 26 and 27 when the Fed has their meetings and they come out and say We're going to raise it point seven five. I think probably no one's gonna be massively surprised It'll be a small dip, but if they go one full basis point Then that's the time that potentially you might want to sit back and go is this the time of dollar cost average or maybe just maybe Hold back a little bit and just wait. I know it's hard to do. It's easy to buy dips, right? We can do it all the time. It's easy Not so easy to sell we can do that I think the hardest thing to do investing is not buying up everything that you can get your grubby hands on Sometimes the hardest thing to do is just to wait and that's gonna come on This time frame July 26 27. That's what I'm doing. I'm not gonna buy any more crypto Maybe on a Sunday. Maybe this Sunday. I'll buy a little bit But I'm gonna wait until July 26 and stockpile a lot of cash and see what happens If they raise it up by point seven five doesn't move no big deal I'll just to play the cash then but if I if it does what I think they're gonna do which is go a full point That would cause a bit more volatility in the market prices will go down and then I can just scoop it up a little bit cheaper So that's what I'm gonna do. Let me know what you think about what you were going to do again I'm not your daddy do whatever you want to do. Let's go on to the next piece Voyager and the question is well, this is the question Question is what the heck is going on Voyager token is now Ranked 131 what they were like in the 300s 400s. Let me just click on Voyager token and see what the heck so in the last This day No way. Yeah. Yeah shoot. I got that wrong It went from 20 cents To 89 cents Voyager the Voyager token VGX. That's a lot. It's a big You know what would have been great is if you could have traded that however, let me just make sure here You could have bought it if you had access to Binance. Oh and Coinbase I forgot about that. See I forget about these things. You could have done it on Coinbase. Look at that Bit get nomin X and there's some other places. You could have done this see all trading pairs There's a lot of places FTX so That's a big thing the question is what the heck is going on because Last time I checked my app You're unable to withdraw or do any types of Any types of actions On the Voyager platform. So why is it up so much? So there's a couple of reasons First of all, they came out and they said that we're going to make all the posters whole it's gonna be great and We're going to be able to repay everybody pro rata. It's gonna be four different things. It's gonna be your crypto back It's going to be stock. It's going to be the VGX token one more thing. I forgot So that was nice, but then there was this article that came out I think this is part of the driver and it really comes down to degenerates Unfortunately, well depends on how you see it. You can see it as degenerate. You can see it as like fighting for the people I'll leave it up to you. I'm not gonna say it This is what's going on some digital journal Voyager digital set to receive financial boost from unknown crypto investment firm metal form labs I don't know who digital journal is it was just floating around on Twitter and I got a lot of traction Thousands of tens of thousands of different retweets and things like that. This is what we see people love a deal and they state after scanning the messages from all users who Hirmali users unable to use Voyager digital's app We found a Twitter account username at Metaform labs the team behind this account and tends to assist Voyager digital in securing Finances via a trading plan they have established. What's that plan? I'll get to that in a second. The account has been growing at a rapid pace since the team first announced their intentions Let's take a look. So this is Metaform labs at Metaform labs This is their Twitter account and maybe they're talking about Well, they were talking about Twitter weren't they? This is a Twitter account growing at a rapid rate. Okay 13-hundred followers, I guess that's great. I don't know. I mean sure and Who is Metaforms? It is a venture company incubating Crypto startups plus connecting them to well-known platforms and let's see here Let me see At yeah, we reach out to at Metaform labs. I want to make sure this is right Because I'm thinking about it. This doesn't make sense Metaform labs at Metaform labs. Okay And this is their thing on July 9th. They pin this will be orchestrating a major pump to five dollars for VGX on July 18th 2022 All right, that's their plan Everyone in crypto prepare yourselves for July 18th. Remember, we are all crypto brothers and sisters Everyone's in the same boat if it ran it well this guy's limit This seems sketchy at best. I'm just good. That's how I see it. Maybe I'm wrong But this is what they say given the benefit of the job We are not looking to this is right for Metaform labs. We're not looking to sympathize with Voyager digital However, their holders users and investors should not be hurt through an event that has shocked everyone. Well, I gotta agree there We will are we will are we are therefore combining our knowledge in crypto markets. We have built since 2010 Okay, let me just read that again We are therefore combining our knowledge in crypto markets. We have built since 2010 Announcing a July 18th event VR Twitter account, which we will be buying 50 million worth of both Vo YG, which is the stock And VGX, which is the crypto token This is an advanced message to users that lost hope And may allow the wider space to start seeing some positive news about Voyager Which may lead to growth in numbers on top of this reaching out to We'll be reaching out to Voyager digital after July 18th to help them With bridging over the 650 million deficit left by three ac collapse. First of all, this all seems very strange and God dang this thing It all seems very strange and they're pretty much just saying We're gonna pump the price. We're gonna pump the price. Can you trust those people? I don't know those people. Do you know those people? I'm not gonna partake in this. That's all I'm gonna say Will the price go up? Yeah, probably and could you get burnt potentially? So I'm just gonna say I'm putting it out there. So, you know, what's gonna happen I will not be partaking this let them do their thing But that just seems Not sustainable. That's all I'll say And that's probably why the price is going up because people like some crazy price action. Tell me where I'm wrong in the comments Let's move on Stay regular is coming for Celsius. I didn't think I don't think anybody Uh did not see this coming but here we go so US state regular say say it believes crypto under Celsius is deeply insolvent not a liquid insolvent Now there has been a lot of payoff of said debt From Celsius. They paid off a massive amount But the question is has anybody been able to withdraw any other funds from Celsius? I haven't maybe you have Let me know in the comments. This is what we got Vermont Department of Financial Regulations on Tuesday yesterday said it believes crypto lender is deeply insolvent and does not have the assets and liquidity to honor its obligations to customers or the creditors. They could be wrong but Time will tell Crypto lender has been involved in an unregistered securities offering selling crypto interest accounts to retail investors including investors in Vermont That's why they're involved Celsius also lacks a money transmitter license and until recently was opera operating largely without oversight. Well, that's true That's true for everybody actually due to its failure to register its interest account as securities Celsius customers did not receive critical disclosures about its financial condition Investing activities risk factors and ability to repay its obligations to depositors and other creditors So agency said has now joined a multi-state investigation of Celsius I can affirm that because I've also gotten a email from Texas securities commission asking me for information where also a ton of other People who have invested into Celsius and Voyager Are asking for the same information State securities in alabama, catechia, new jersey Texas in washington are investigating Celsius decision to suspend customers redemption. So That's what's going on. I'm not surprised. Of course, they're going to come down The question is how big are the fines they're going to have to pay and how deep will this go? And just uh, this is going to be a bumpy ride Lastly, I will remind everybody I will beg everybody yet again I'm not above begging This is the simon dixon recovery plan and uh, there was a lot of things that he put out He's been a show. He's been on cto larson a bunch of other people's show james's show And this is what's happening. They they put out three resolutions. They say that's not going to happen now because things are moving too fast And just so you know bank of the future Is the company from simon dixon it holds over five percent of celsius shares and therefore we believe This allows us to call a shareholder meeting as part of our statutory shareholder rights that legally cannot be ignored by the celsius board The only thing i'm asking from you to do is there's here first of all. There's a link. It's right here celsius form That's what i'm looking at Go here And just fill this out in the last parts the last section is what would you like us to consider in a recovery plan? Write whatever does he think it is because when they go meet with celsius and the board They want to bring this to them and say this is what your community who invested into your platform wants to be done Let's make this happen. Let the people be heard And you can put where you want to you could say simon's a jerk. I don't believe in whatsoever Sure, go right ahead or you can say i'd like this to happen like that to happen That's just for you and that's uh, what's going on with celsius and whatnot Let me just think about that in the comments and then lastly we'll get it done. Hey, we're doing pretty good Uh, i'm getting the pants kicked off me Just a bummer take a look at this So there's this app That i've been using and i think i've been talking about a lot. It's free 100 free and uh Again link in the description. I'll show it to you but the thing was is that I thought I would beat everybody with steps because I was walking a lot and all it is it's a free app you download it's been around three years They're going to transfer into crypto on september, but right now it's free. Whatever you walk You get these sweat coins every thousand steps you get it, you know, so many sweat coins If you use my link just know it's an affiliate link if you can't stand the fact that it's an affiliate link no big deal Just search sweat coin And it's for ios and android and you can download it. Hopefully it's the right one just saying anyhow, uh Shout out to morton hummel anderson VA and andy o'neill just for today are beating me But that's okay because this week i'm only down to 11 chi sheng sang morton hummel and michael anderson And then of course this month i'm ranked 20th. Jeez It sucks so That's what's going on and vader Vader lord has beaten me yet again. So what happens is at the end of the month If you guys beat me To the top three that beat me you get one of three things you can come on the show It's your choice you can come on the show And i'll interview and say how the hell did you beat me? Uh, and then we can also the second thing is a portfolio review If you want to do that or i give you a 50 sweat tokens. Whatever you want again It's free And it'll kind of motivate you to walk I have found myself going man i need to walk more because here it is Hey paul barone's on and there's my wife Okay, so anyhow, that's what's going on in the world today. Let me know what you think about all those things and then again Where did I go? ah The link for a sweat coin is in the description. It's right next to ben's crypt over a site, which is a great site. Check that out And uh, here's the link. That's an affiliate link Ben's website is non-affiliate link And then some other stuff down here. That's just data and information. Okay, so that's what's going on Thanks so much for sticking with me. I appreciate it. That concludes today's news