 Hello everybody and welcome to the Friday live stream. So today is like a title and thumbnail suggest it looks like Bitcoin has done something that has never done and that is good news for people who are into the ETF and that big news is BlackRock Bitcoin ETF edges grayscale Bitcoin in daily trade volumes for the very first time Now before I get into this article, you would look at this and go. Oh, that's extremely bullish That means that everything should be going up and it's gonna be awesome than rainbows and mad No, so like today. Just so everybody knows Bitcoin is actually down zero point seven percent in the hour and in 24 hours is actually down 0.2% so even though we have some extremely bullish news. That's just the way the market goes However, the overall trend is where I'd like to see it. So here's what we have Grayscale Bitcoin trust ETF has dominated trading volumes in the first three weeks of the spot ETF And I gotta tell you I did not think that that actually get approved and it did and of course everybody thought it was gonna be fantastic I still didn't think it would be that great and it wasn't and here we are because of the fact that unfortunately grayscale had a lot of I'd like to say Cancerous investors and some of those would be the FTX trying to dump and you know having to get things back for their creditors Which is not there's no problem with that It is that we had to go through this whole process to get to where we are at today So while grayscale Bitcoin notch trading volumes of about 292 million on Thursday Black Rocks I share as Bitcoin trust saw saw volumes of a three hundred and two million dollars yesterday So this is extremely good news. We knew this would actually happen We knew that there at some point would be some kind of supply issues because some as some people would say a supply shock And we all pretty much know Where things are going now this is just a generalized assumption everything could go to zero, of course I have to say that yeah as a responsible Non-financial advisor. I have to tell you these things but I think again like we're in the right place at the right time and You know we take a look at this and we talked to this yesterday on the NFA live show Which this is from Tomas. Hey Apollo comm and it just there's an overall trend and it made sense It's like, you know, I know that it's not at 50,000 like some people thought it would I know It doesn't seem like we'll ever get back to the all-time highs I know it feels like the having that's coming up may not be a big event Trust me when I say this it was the exact same thing back in 2020 when we got the corona sickness and nobody thought We would ever hit all-time highs when Bitcoin was sitting at three thousand dollars in March of 2020 However, just seemed to work out. So yeah, again, there was a the trend as The the grayscale outflows order to decrease and this is going back to January 29th Of course, you know at a couple of days later and now here we are Right where we are supposed to be so let me just think about that in the comments section and before we talk about a Concerning issue about Bitcoin and electricity. I'll get to all that as an there's an emergency Declaration by the government and what they want to investigate. I just want to talk about Jupiter real quick and The narrative Jupiter if you don't know it is a Solana dex and I've been talking about it for a while it works quite well and There's a lot of dexes that work just fine I mean, I have no problems with any other dexes that are out there mim swap or trader Joe or you know I don't I mean I use them all because I have to get into some degenerate place. It's just the truth but There's always a narrative around These occurrences especially air drops and especially anything that's that's new and then and the narrative usually is at first. It's elation Everybody's happy and then it's this is the worst thing of all time and then we look deeper and we're like, oh, that's really how it's supposed to go So here's what we got Jupiter airdrop draws criticism, but support remains strong So if you don't know Jupiter if you had used the Jupiter dex before I think it was November 23rd 2023 using any kind of Wallet that you had if you had done that you were eligible for the airdrop I did not use Jupiter before that actually is orca a lot before I discovered Jupiter So I wasn't involved in this wish I would have but I still bought a little bit because I think I think Jupiter is gonna do pretty well Anyhow Jupiter team aim to use jupe as a cornerstone For DeFi 2.0 focusing on expansive growth ecosystem initiatives and a governance model that would evolve to incorporate Significant community decision-making. Well, that sounds good. I like that. Here's where things went wrong a key issues raised My observers set around the Jupiter teams method of offering jupe on the open market They say it has doubled as a capital raising strategy And this is Lord ashrick. No idea what this is but somebody on X that people were commenting on He said, yeah, we were literally bought into an old open market sale for jupe Basically open market equals fundraising only that rather than buy the seed round round ABCD seed pre-seed Private round we bought a freaking IPO'd on the stock market day literally Whatever he says. So, you know when you see this, you're like, ah Gotcha It's the worst thing of all time They're dumping on us and of course because that's the natural inclination trust me when I read this I'm like these sons of And I was like, maybe it is however. There's always two sides of the story So another ex user Jupiter team had put in Another ex user our Twitter user Stated that Jupiter team had put in a moon protection on the jupe token launch that prices would not exceed zero points Or 70 cents Intel the Jupiter team reached 100 million then bus they could dump on everybody people are participating in a sale That even realizing it the founder of Jupiter now Sure wrote an ex post the team would have received more funds had they opted for an over-the-counter deal or a regular IDO. All right They launched their token to ensure that airdrop recipients will be able to sell into a massive pool while prospective buyers would have their Assurance that there would be a big enough pool to absorb selling pressure from airdrops now reading right this right here You probably think to yourself There's you know, of course there's two sides every story, but that's just one person's opinion Of course, the founder is gonna come and you know go to bat for his team and then leave everybody out in the cold And I can see it however Blockwork research analyst Ren Yu Kong noted that much of the criticism around the Jupiter airdrop has been unwarranted Fundamentally Jupiter set a price and evaluation that they were willing to launch at in this case four to seven bucks or billion fully diluted value It's no different to investment bankers setting an IPO price Which essentially they're just guessing which a company is willing to sell shares at no one is forcing participants to buy If they don't like the valuation in the launch pool granted Maybe one of preferred more free market price discovery, but that's easier said than done This is the big thing when you're gonna get into stuff like this. Just know that airdrops are great It's free. We're gonna do an airdrop actually today over on my second channel Dan DJ And this will be the third airdrop with my row. I'm gonna give away 10,000 my row again, which were probably about thousand bucks So stick around I'll share that with you, but it really just comes out of this It's risky if you're gonna get into this just understand that there are people behind the scenes pulling lovers They may be pulling two three forward time and you'll never know exactly what's going on The only way to really get around this of course is to do as much research as you can And I know what you're thinking. I've done as much research I possibly can I still get screwed over and that's true And it's gonna happen So if you're an investor just know that these things will continue to happen And one of the safest things you can probably do is get into a project that you like Some of the people that you actually trust and hold on for dear life because it's only really what it comes down to Just sticking around for quite a long time But the last thing comes out of this all this stuff gets wiped away if the price is good How's Jupiter doing? But doing better than Bitcoin today. I'll say that it's up roughly almost 5 percent 4.4 So and that of course is over 24 hours. So even with all the controversy and things like that Hey, if you got in around 40 cents, what it was still doing pretty good. Now if take a look at seven days, I Had understood that actually the price at the beginning was 40 cents But coin get go has it a 74 cents. All right So maybe you didn't buy at the very top when it actually launched just weighed a little bit like a reasonable rational person What actually do You would have got it like 50 cents 60 cents. You've been just fine. Anyhow, I bought some somewhere around 60 cents And I'm happy. Let's see what actually happened. So let me just think about that in the comment section and then lastly I Really thought it was an interesting piece, which is you as the part of energy demand demands consumption stats from Bitcoin miners I find that interesting because sender Lummis from Wyoming came out and said that there is Some very delicate negotiations going on behind the scenes for stable coins and crypto legislation Then there was also a story about Senator Elizabeth Warren who comes out and states that she's going to Re-invigorate her campaign for the illicit activity that's being done by Bitcoin and digital assets And now we have this US Department of Engineers consumption stats. Why did they do this? Let's take a look So the survey which was filed as an emergency collection of data requests was authorized by the office of management and budget on January 26 And I linked this in the description. You can view it yourself if you're bored I suppose but yeah office of information regulatory affairs Cryptocurrency mining facility survey OMB approves the emergency request Consistent with requirements for emergency approval. I find it very odd that it's that Pressing but here we are so the OMB wrote this recognizing that this emergency collection is experimental and Provisional with the understood intention that EIA the energy investment authority That's not right. Yeah, the energy off the energy The energy efficiency office something like that wants to build to a new standard collection the only wrote in its approval Correct me the comment section. I know that I said that wrong We'll specifically focus on how the energy man for crypto mining is evolving identify geographic areas of high growth and Quantify the sources of electricity uses to meet crypto mining demand in 2022 lawmakers Clinton said Elizabeth Warren asked federal regulators to make crypto mining disclose their emissions and energy tax usage so coming all through this Somebody reading this from the outside would probably think themselves. Oh The energy office wants to know a lot of information about Bitcoin that can't be good it is I think a normal occurrence and If you look at it like that it looks pretty, you know, like, oh, maybe they're gonna try to crack down That's what everybody would think right but I will tell you if you look behind the scenes as to far as like because that's one of the biggest misnomers about how much electrical usage Bitcoin actually uses as opposed to the renewable resources and the resources that would just be wasted and Because of this actually put together this there was a form actually it was a Google slides and it was from a question that crypto tea put out and the whole This whole piece was all about why Bitcoin and crypto tea says I was speaking with a co-developer for a bank and asked him about Bitcoin He said the idea of losing all your money from a hack or corrupted hard drive is not worth the risk I said, that's why you don't store your keys on a computer He said so this is the future of digital tech and you want me to use a pen and paper And it bugged me a lot to think about like what would be the appropriate response and I I was gonna put this out on the weekend and I still will but there was just this one piece that I wanted to go With you which is electrical usage which is a 100% relevant to what we just talked about as far as the emergency From the OMB office, but they want to know the information. So this is the same thing going over over again This is the same thing that in 2017 Bitcoin uses more energy than most countries and it's destroying the environment. Well, first of all They're not that far off It does use as much as much electricity as a country I'm gonna this is from Cambridge Bitcoin electricity index and it says very clearly For the energy usage it is between South Africa Egypt and Poland and Malaysia Sitting right there. I think of the 26th it's spot somewhere around there. So that's true But it uses a boatload of electricity. However, just know this a lot of it is renewable use resources and then also More than a billion dollars a natural gas goes up and smoke every year through flaring and this flaring process You have two options. You can flare this for natural gas and blow it off into the actual Our environment, which is very detrimental Or you can capture those resources and use those for Bitcoin miners and the reason why this actually works out so well is because you can get Bitcoin miners and Move them into those areas to transport that into Bitcoin mining because the problem is ah That's what is yeah energy information administration. Finally, I got it If you take a look at it, there's three things here First of all to move energy from one source to another Did you know that more than 60% of energy used for elect for generation is lost in conversion So to get it from what you're actually doing to the homes or to the businesses of people you're losing 60% Anyhow, and I'm not gonna move my house right next to the through the actual centralized power grid It just does not gonna work, but I can't even move all my Bitcoin miners So in that situation energy that would have been lost Is now being used for Bitcoin mining fantastic also In the great set of taxes where I live roughly three months four months out of the year What they do is they use it extra energy and they actually pay for it And then as time goes on if it's too hot or it's too cold then they shut down and actually the Texas Energy office actually pays them to do so because they're using this excessive energy So yes, it does use a boatload of energy But it uses it in a conservative manner and lastly and I want to talk about this. This is a great piece When I'm talking about moving the Bitcoin miners to the location to actually use the excess of energy Which would all otherwise be wasted it can also do a Circular a circular economy through electrical usage and selling of Bitcoin to say port Different areas of the globe. This is what I'm talking about. This was a great piece from Bitcoin shooter and I linked his Profile in the description. This is about four minutes and it's gonna make this is gonna be crystal clear as to electrical usage Of why the energy demands of what it's used what it can actually do and why this form that is being asked by the U.S. Government it could be potentially a big nothing burger. So I want you to make sure that you hear this crystal clear Again, this is about four minutes. Just take a listen to this pretty good 400 million Africans live without electricity, but that's changing. I have three cats When using a machete for chopping that fodder out of use two or three hours to chop enough food for my cat But with these ten minutes It is very fast Time is so important most important most important our kids have been proved in their studies They couldn't study well because we were using candles and kerosene which will damage our eyes because of the smoke And we also see the benefit because We charge our funds well we watch TV things have been perfect a comfortable life How did they get power it starts with naturally running water which feeds into a hydro power plant Problem is it's normally not profitable to build a rural power plant like this My name is Thomas Pullman's I'm the co-founder and CEO of hydro box we produce power for the local community This site is located in Moranga County. That's in central Kenya We were producing power but back in the day only able to sell 40 percent and and of course economically That doesn't make any sense. I got to know Eric and I was talking to him about our challenge He said okay. What if we came in and we gave you a hundred percent usage right away our job at gridless is Bitcoin mining We'll walk in a 20-foot container with 130 miners in it we turn it on All of a sudden their finances are different just like the villager who's getting electricity for the first time And now they can envision a different future same thing happens with energy providers Immediately they can start thinking about the future and they can start thinking about oh, there's that other site I wanted to go and energize I have been able to get the money because I haven't been able to prove That I will be able to pay it back now. I can't there's at least 90 Locations that we've disqualified because they're simply not enough demands So if now Bitcoin mining can come in then all of a sudden it becomes viable for us to develop a project That's a fundamental paradigm shift for company like us. We win because we're mining Bitcoin The power generation group wins because they're finally financially viable and because of that more people can be connected to electricity Right away. It's absolutely phenomenal What are your goals in life? goals Expanding my farming, rearing chicken Another business is like welding before power. Were you thinking about these goals? No, no, no Impossible. Thank you so much. I'm happy for you. Thank you. I hope you grow your family very big. Okay, 20 kids, okay It's finally profitable to build rural power plants Thanks to Bitcoin mining as a result Electricity is coming to Africa All of a sudden our market has opened up to the entire African continent because the Bitcoin mining can basically come anywhere we go Then all of a sudden we can be developing 5100 200 300 megawatts if we deploy 300 megawatts in rural Africa Then we're able to change and impact lives between seven and ten million people Yeah, so and then it's gonna ask you, you know if you want to support the next next project Which I would like to do you can go ahead and do that in the link for Bitcoin shooter and those Those documents that he is producing there is a link in the description. You can follow him and go from there but again, this is all about just Trying to get as much information as we possibly can out to everybody that we possibly can especially when we're talking about You know when the US department comes out and says hey You guys using too much energy you want if we want to figure out just how much it is now We know that it's not just about taking a bunch of energy from everywhere and of course leaving people in the dark It's actually a very easy Topic to tackle anyhow, let me what you think about that in the comments and then lastly before we take off and do a little my row Freebie for everybody Good news for Celsius users. So this is from Ionic digital community Which apparently was one of the Celsius mining Operations and they are taken over the company now. They were rebranded to Ionic digital Celsius claim distribution in the US dollars will be distributed by issuing and mailing some Celsius creditors a check if in this category you should have received or should receive below the email and goes through all the different things That what you should actually do on top of that Celsius creditors you also have Venmo Distribution started some sales credit held the liquid crypto distribution through Venmo are confirming starting to receive their claim Coding distribution now. Let me make this clear. You're not getting today's prices Unfortunately, you're getting prices beforehand So overall generally you're gonna lose out But what is pretty good is that we're getting our funds back and I can met and I for one am ecstatic If you want more learn more about it I linked in the description Ionic digital community You can verify and follow them and figure out exactly what they want if you have not found or it have not Getting your information it would probably behoove you to follow these guys and fall along to get everything else Also, if you have other questions follow Simon Dixon and Aaron Bennett Those are the guys are the real ones with the real alpha and we go from there And now let's do a little Q&A and we'll go from there But if you're so inclined we're going to be doing a live giveaway in the next 17 minutes over on the Dan D gen channel for my row my row is one of the top three stable stable coins Excuse me. Nothing stable than my row meme coin on Solana ecosystem, and it's down a good 69 percent over seven days So congratulations if he took some profits or maybe it's not your opportunity to get in a little bit early as time goes on Excuse me not early, but as it takes a big dip. So we're gonna do a giveaway 10,000 my row. This will be our third one We've given away Two days ago three days ago we gave away 10,000 which was roughly about at that point like 1,400 bucks And then the day after roughly $1,200 and today it's worth whatever it's worth So that's just how it goes again as a link in the description follow over there But that's it for this piece. So look if I like today's video give it a thumbs up consider subscribing Or let me talk about his time-sensitive