 let's get into a little Q&A. Let's get out of these banners. There we are. So stupid it works like this, but problem is correct. I don't make the rules. I just report the rules. And I'm just a realist. I don't know what's going to happen. I just kind of just go, is the Fed going to keep raising rates? It's not the question of should they raise rates. They will raise rates. And we all know they are. They're already signaling they're going to do that. So it's not like what they should or shouldn't do. It's what are they going to do and how does that affect my portfolio? That's what they give to you guys. And you know what's great about you guys is because since we're in the bear market, like all the tourists are gone and all the people who really understand investing are here. So I don't get the stupid questions. Sorry. It's just true. I mean, if you're here now, you're pretty, you're bright enough to understand that this is a long game, not a short game. Yes, CryptoGolfer. It is. But I appreciate you. I do. Trust me. Any thoughts on algo in its future? If algo is done or good to continue to communicate during these low prices? I gotta tell you, there's a company. There's a group that is really into Algorand. And that is Anthony Scaramucci in Skybridge. They put a quarter of a billion dollars into Algorand. And when he was on the show, he talked to us about he said, the reason we do that is because we did our due diligence. We took a look at the project, the team behind the project and where things were going. And we have high conviction. That's going to be very well. So take it for what it's worth. I own a little Algorand, but I'm not presently accumulating right now. But I do still have some. That's a good point. Eastern Digital says BlackRock decided Bitcoin needed to drop. Look, BlackRock's offering that to their institutional clients. Wouldn't it be smart and wise to drop this as much as possible so they can get in as low as possible? And then a couple of years, they can say, we told you, we told you, look at that. This is the best performing asset and then we've actually offered. It is now 2025. And we just killed it. So you're welcome clients keep coming back. And that's, that only happens if you can push Bitcoin down as much as you possibly can. Because I think I, I think I know where I'm going. That's funny. Hydro Wales Mining Club. Sounds good. The Pope and Hillary Clinton hiding in bunkers. I'm not sure if that's correct. I cannot verify that. Best friends here. Beardy, the, the, the, the lone EOS investor. Ah, see, see, see. Vatican called an all fund three September. You're welcome meme. Appreciate it. Bullish on debtor's prison geo group. Is that the one that Burry invested into? That guy's been predicting the end of the world for 10 years straight after he got it right in 2008. You know, he's been wrong before. That guy's not, that guy's not 100% perfect. Actually, there was a video we did, we talked about the 10 times he was wrong. And he'll even admit it. But, uh, sure. Let's see what else. Are there any ETH pools? I don't run one. I don't really like, no, I gotta tell you, as far as like staking, Cardano knocked it out of the park. They did. You gotta admit, uh, there's no lockup periods and there's no slashing. You control your private keys. It stays in your wallet. You can stake it, unsteak at any time. And, uh, ratio between four and 6%. Oh, and by the way, I've got a couple, or we've got a couple of stake pools. You can find that link in the description. And, um, doing pretty good. Just trucking along. We've been up now for a year and a half. No issues whatsoever. And returning between, uh, for the industry averages four to six percent as we've been around for a long, I think we're like a 4.58% of what did they call it? Returning ADA, ROA. Not bad. Let's see. What's this? First closer. It looks like a proof of work fork is going to happen also. If so, we all get free money for the airdrop. I wonder how that would work. I wonder how that would work. Robert, start your pants, sell your house, sell your kidney, sell your kids and buy a Bitcoin. Easy, dollar-crossed average. Make it safe. Not financial advice. I've gone down that road before where I put a little bit too much too fast, and I missed a lot of opportunities. So, yeah. And see, this is the thing that concerns me. This right here. Remember, Teja, Rob, we already shut off our miners in the Netherlands with the power costs going 4X and growing. Look, all around Twitter, I'm pretty active over there. And I asked the same questions to all, uh, Europeans and people around the world, Australians, I'm like, what is the cost of power? Is it going up? Stagnant or going down? And every single person, every single person gives me some pretty scary numbers. 4X, 6X, 8X, and more. There's some people who have businesses that are like, I have to shut down. I can't even keep it up because electricity costs are so high. Even here in Texas, where essentially electricity has been pretty cheap for quite some time, my saw that my or our electricity bill, it's, it went up about at least another 50%. So there's some rumblings going on. And then in Puerto Rico, the houses over there, that went up dramatically. But that's just the ecosystem in Puerto Rico. So when I see stories like this or comments like this, like, how can these Bitcoin miners stay on? So they're going to have to stay off. They're going to have to sell because they're going to have to cover their just their overhead costs, right? Just to own, not own, but to rent out those facilities. And then that will, unfortunately, this is what I think will happen. Difficulty mining will go down. Then that'll lead to more place, more people or more mining operations to actually say, okay, well, we have cheaper power in the United States or in other places like, I don't know where they have cheaper power and they're going to start to rule the roost. And then all of a sudden the ones that they just can't stay open forever. So then those people will go up and then like, Ben Amartasia will say, okay, now whenever the cost of electricity goes down, now we can turn it on. But the other guys will be so far ahead, because they're able to mine it. I don't know. I just see a problem with energy, a big problem with energy. Crypto world says, merge will goon kill the entire crypto world. I cannot confirm or deny that. Yeah, some good news. Yeah, I got away from that for a while. I was doing a lot of negative stuff. So from now on, I'm trying to balance everything out because there's always good news and bad news. And I've been really focusing on the bad news because I get a little tunnel visioned. But there's good news out there. And I got to tell you between us, just between the 1500 people that are here. When I say that the bear market is for building, there are so many projects, good projects that are reaching out and talking about, okay, we're doing this, we're doing that, would you like to come on? Would you like to do this? I am more busy now about what's going on. And there's some, like I said, it's not new products. It's like existing products that are really big. I'm more busy now than I was in the bull market. Because the products that actually have things behind them are making a lot of strides and doing a lot of things. And of course, these types of shows where I can get those, get that information out. And that's what's up. I'm telling you, I think this next bull run is going to be pretty good. I'm not going to give you price predictions. I've learned my mistake the hard way on that one. And that's it. Ah, Matawe, Ajiabu, Atabu, I think I nailed that. Buy the rumor, sell the news, ETH merger will pump and dump in short term. I can't fault them for that logic. That does sound pretty true. That's not good. Jey and Chow, always good comments. Did the miners sell their Bitcoin reserves to pay off their bills? Heard some are six months backed up. If gas and electricity increase and winter comes, won't more minor companies declare bankruptcy 10K less Bitcoin? Well, you have to remember. So what did Bitcoin miners do? Well, they secured the network. They're actually able to mine the Bitcoin. But remember, for the difficulty, the difficulty rate actually goes down when there's less Bitcoin miners. So the ones that are actually keeping up, like I can't guarantee, but I'm pretty sure that the mining operation over there at Binance, they're probably pretty liquid. And some of the bigger ones, numbers one, two, and three, or maybe one of them fails. What does that mean? Well, then they shut down all their miners and they have to sell off their miners. Does that affect the Bitcoin price per se? Not a long term. But I think in the short term, what's going to happen? Of course, the difficulty rate goes down. That's the beauty of it. And then, of course, the other Bitcoin miners just fill in the gaps. Tell me where I'm incorrect, anybody who mines Bitcoin. I've been wrong before. So that's just how I see it. Again, if you mine Bitcoin, correct me. Good question. Simran, Rob, is this a good time to keep adding positions to Bitcoin ETH? And if so, what are your price targets for Bitcoin ETH by 2025-ish? You're playing with fire, Simran, by asking you those questions. Remember, I was the one who told you that Bitcoin was going to, or I thought Bitcoin was going to 150K in 2021. Did that happen? No. I thought that Ethereum was going to go to 10K. Did that happen? No. I thought Voyager, the VGX was going to go to 30 bucks. Did that happen? Not even close. Went to seven bucks from 29 cents, but whatever. So I'm not going to do these anymore and say where the price is going. I have no care in the world. Quite honestly, I know it'll probably go up from here in 2025 and three years. That's really what I care about. So to answer your question, is this a good time to keep adding positions to Bitcoin ETH? Well, I got to tell you, man, if we take a look at some metrics, first of all, the 12 multiples is telling us yes, but not only that. If we take a look at where's the MVRV there? If we take a look at MVRV score, this again is the same thing. Where's a good time to accumulate? Well, once in this green area, we're pretty fairly close to that. Does that mean we can't go lower than this? That's not what I'm saying. In actuality, let me show you this. We could go lower. We could go lower below the negative 0.4 mark, which I blow this up. This doesn't make any sense unless I show you. See this dip right here? This is below the actual green accumulation phase. This has only happened three times. It happened in 2018. Remember this? Let me go back. 2018. Well, the market cap, that's so low. Negative 0.4 in 2018. It happened also in 2015 when we marked the bottom. It also happened in 2011 when we marked the bottom. It still hasn't happened over here. Do I think it's a good time to accumulate? For me, yes. But remember, I still think we can go a little lower. What I do is I don't dump a bunch of money all the way in. I continue to dollar cost average, but it's less of a percentage, about 25%. 15% and 25% of what I usually do. What I'm waiting for is you can do what's called dynamic DCAing. I should probably show you what I'm talking about. As this starts to go down even lower, where are we? We're at negative 0.12. Once it goes to negative 0.2, I'll probably put about, instead of 15, 25%, probably about 50% of what I used to do. When it goes on a negative 0.4, it'll be 100% of what I do. When it goes down below 0.4, it'll be about 200% of what I usually dollar cost average previously. That's how I plan to play this game. Lastly, DCA will only tell you how to buy our dollar cost average in these things. It's great to buy the dips and keep dollar cost averaging, all that rah-rah stuff. Diamond hands if you believe in that. There's not a good way for you to say, when should I sell? Well, actually it does for the MVRV score. We take a look in here. Might be a good idea to start to sell off, sell off maybe around. How much was this? This is about Bitcoin. It's like, what was this? March 4th? That was almost over 60,000. Over here was 20,000. Over here, gee, my Christmas. Look at that. That was just way too high. There's something like that, but I'm looking at a couple of things. The MVRVZ score, Poe multiple, and of course, the good old-fashioned PyCycle Top. Once the PyCycle Top hits, for me, I'm going to be about 80% out. People might say, that's crazy. Well, if I would have done that last time, I would have sold at around 60,000 per Bitcoin. Aluna would have been a really great sell at that same point. Ethereum would have been around 4,000. So will I time the exact top? Nope. Don't care. Just want to get it somewhat right. So that's it. I hope I answered your question. It was a long-winded question, Rob. That's right. That's what I do here. I try my best. I try to pronounce somebody's name, and then I always say the same thing. Nailed it, even though I usually don't. It's a great question. Christopher Dalstrom says, this is good for Celsius mining difficulty decreases. Yes, it does. So if you think about this, correct me if I'm wrong, miners. But as miners start to turn off their rigs, then the difficulty mining for Bitcoin drops precipitously, depending on how many actually fall off. And that means that the ones that can actually afford to fire up those rigs and pay for electricity are going to mine more Bitcoin. And that's good for them. Now, there's a big thing that I will say about Celsius mining and that is this. I don't see them as being profitable, profitable for a bit of time. The cost of Bitcoin will have to actually either drop so they can get into a good point and then actually raise up because just chopping sideways, I don't think it's going to be a good thing. And I'm not the expert. You know who's an expert on this one? Well, Simon Dixon. Just listen to him. And then who's the guy? They're a minor YouTuber. Forget his name. But just listen to them. I'm not the guy to tell you all about Bitcoin mining. Chow. Do you think the four-year chart are outdated and that every cycle it comes shorter and shorter to the point where it'll be three years instead for bearable markets? So look, there was this other thing about remember this thing called extended market theory, extended cycle theory? I bought into that too. And I mean, that was from Ben into the crypto verse. Super smart guy, great guy. Can't say anything negative about him. Awesome is on the show every so often. But even he was like, yeah, that didn't work out. So to say now that it becomes shorter, you could say that, I guess, because the last time we hit a top was December 2017, correct. And then we hit a top again when? November 2021, right? 67,000? Correct me in the comments. So you can say it's by a month or so. That's okay. I don't really care so much about that. If it's by a month or a couple months, I'm all right. It still keeps me intact with the four-year cycle. And I think that everybody's calling for a recession. So maybe it will, maybe it won't be. That's 2023. That's chop sideways, born accumulation phase 2024. Maybe see some action then still accumulate. And of course, that is when there's a Bitcoin having. And then what happens if there's Bitcoin having? Well, so far, it's an all-time high. If that happens in October, I won't fault anybody for that. So it's a good question. Yeah, fellas, your prediction will cut in half. 100,000 Bitcoin by 2025. And Ethereum to 5,000 by 2025. I think, can everybody get on board with that one? Cardano, I think it's going to do quite well. About five bucks. At least 350. The all-time high was 297, I think. Johnny Grease, small DCAN. Dirty in the comments, constantly doing dad jokes. Bonjour from Africa. Hello. Let me see this, Cosmic. How's the electricity over there in Africa? You guys seeing a rapid rate in the price of electricity? Oil, what types of things? I'm curious. Nope, haven't heard of that. We heard of Go Money token. If I don't know it, I won't talk about it. Again, super biased. Another one, Roy. Nice mugshot with a sum of 2023, 2023, January. Where's the goods and market standings for your view? Ada and Bitcoin? Ada should be above a dollar. Bitcoin should be above 25,000. That's all I know. Should be. You know what? Let me show you something. Have you guys ever seen Ben's website? Into the cryptiverse? It's really good. I'm going to show it to you when I pull up the right thing. Here it is. So what's going to Ben's website? Well, it's not free. It's a paper, but I got to tell you, it's got all the data that you could possibly want and then some. And if you take a look at, there's one called the Tettle Crypto Market Cap and Trendline. It's an upper band and a lower band. So what does that mean? Well, what was the question? January 2023. Let's see where it could potentially could be. Let's dream a little bit. So January 2023. So the fair market value, just so you know, the red line is the fair market value, which we should be at 1.5 trillion. And actually over here, we should be at 1.77 trillion. And we are at a little less than that. 984. Hey, we broke 1 trillion. We're at 984 billion. That's a bummer. So just to Matt, just say it could go below the fair market value, just how it is, right? But if we extrapolate that out to, I believe it was January, right here? Well, the lower band, just so you know, is at 600. And this is January 2023. Oops, sorry. So the lower band, that's pretty bad. Five. Oh, sorry, January 2023, which would be over here, genius. No, it's right here. January 23, the lower bands is 616 billion, which would be a reduction of 300 billion so far. Fair market value, 2 trillion. But as you can see right now, we're below that. So let's just say we just chop sideways. Gosh, I don't know. 1.2 trillion, 1.3 trillion to be conservative. Hopefully it's not 612 billion, but it could just be. And here's the thing. Let's say it does go here. Let's say it does go here. January 23, it's the market cap is 623 billion. Where is Bitcoin at that price? About 14k, 13k, something like that? Would that be awful? I mean, for me, it wouldn't be. I'd be pretty damn excited. But then it's that, that's why like sometimes these bad news, it's not bad news. Because again, if we pull these things out and just take a look at the bottom value, I mean, 2024, fair market value is 6.25, 6.2 trillion. Let's say we're at 4 trillion. Would that be awful or 3 trillion? We'd be right back at the all-time highs. I mean, from beforehand. I know it sucked, but hey, if you could accumulate now a Bitcoin at 14,000, 15,000, you could accumulate Ethereum below $1,000. You could accumulate Cardano below a dime. Are you kidding me? I do that all day long. So that's the best thing I can give you, my man. And then also check out Ben's website. Link's in the description. It's a good website. Thanks, man. Hope to have a beer with everybody someday. Never skip a like day. It's true. What's your conviction of the possible recession? I think we're in a recession right now. How severe? It depends on how aggressive the Fed really comes down to. It's crazy that Jay Powell has so much power over the economy, but he sure does. So we'll see. And like James from Best Answers, he's right. They really shouldn't be raising it so aggressively. However, they are doing that. That's just how it is. And I think it's Jay Powell want to leave a legacy. He doesn't want to put it into a depression. He knew what it was back in the Volcker days. I know there's an argument against that, but I don't think he really cares so much about that. And I think the quantitative tightening is that this is the first time we're doing these things. We've been money printing forever. The quantitative tightening, there's a lot of things that we're going to learn here for the next one, as opposed to what we knew prior to this next recession. So maybe they get it right. Maybe they figure out a way to not look at data that's so retrospective, and that is actually going on right now. And they can make the assumptions and their moves at that point. They should really use trueflation.com. It's a pretty good website. And it's free. Good point. So Sweatcoin, just so you know, just kidding. Yeah, Sweatcoin's coming out. Not your... Okay, Dez is from Africa, I believe. Not yet, Rob, but food and gasoline is up. I can see that. Food, food for sure. You under the store lately? Yeah. Next ballroom, we're driven by institutions. I believe that's true. If you even if you look at the data from Coinbase, I think it's... I want to say 66% is institutions and 33 roughly is retail. And there's more of that just that institutions pay a lot less than us. Rookie numbers and the likes. Ben is great. You're welcome. Ben's website. Is there a link in the description? Just put that on AutoSend. Yeah, you're right. Simon Gustafson says this, what happens with Bitcoin when miners get stuck with 5 to 10 extra electricity costs? They're going to shut down. Mining difficulty is going to drop. And then places that have cheap electricity, wherever the heck that is, are going to rule the roost for a while. That's a great question. Robert, the second biggest risk of uranium, guess who owns 90% of the mines? I'm going to say either China or China. Bitcoin is dumping really. Let's take a look. I've been getting away. Hey, you what a timely video. It is dumping. Sweet Marion Joseph, look at that. Holy smokes, 19,000. Well, I guess the news is the news. There you go. What's surprising to me is that a theorem is still holding strong, $1,500. Again, like I told you guys, and I talked about this last Friday when I was in New York. Where did it go? At MBRB score, like I said, there was three big time lows. 2018, when it was below negative 0.4, 2015 and 2011. And we think this is the lowest part. Like I said, I don't. As a matter of fact, I think we can go down here. Why am I even, hold on. This will make sense in a second. Hold on. So if you, there, there, that's easier. Let me show this to you. We talked about this before. I don't want to scare anybody, but it is the data. Data is the data. So the last all-time high in the first cycle, the first four-year cycle, 2012, 13, 14, 15. You have an all-time high of 1,100 bucks, which is pretty good from like a five bucks. That's a massive run up. Then I went down by 85% to $172. And then the next cycle, which was 2016 and 2019, you had almost 20,000 and then dropped to $3,200, 84%. And that's why we're looking at those MBRB scores. And now with this one, the high was 67. The low has been 19,040. Or maybe 17,5 depending on the data that you look at. So that's between 71 and 75%. Which means I said, and I could be, hopefully I'm wrong, could be wrong just because it happened before it was going to happen again. That means that Bitcoin could go to 10K. And that's just looking at the cycles. But that doesn't mean it's going to happen. It just means that that's what happened before. That's all I'll say about that. But below 19,000, I wouldn't be surprised this week we go to 18,000. That's good for me. Is it bad to go all in at 18,000? I can't tell you that. Ben is now smiling going Grinch on the reverse. If you don't watch Ben's show, into the curve of reverse, it's great. His theory is that the Bitcoin dominance should go up. All coins will bleed out. He sees 95% going down. And we'll see. Remember, Ben's not perfect either. But I'm sure he's very happy if the Bitcoin dominance is going up. Simon Gustafsson says, electricity cost is forcing miners to sell only the business, so trust me, Bitcoin will go lower. Probably so. It's a good point. So that's what we were talking about before. If pooling the fourth largest Bitcoin mining operation on the planet has liquidity issues like we talked about, what do you think is happening with the other ones? Well, hopefully they socked away for any day. But unfortunately, when you get in those bull runs, and I'm guilty of this too, you start to think about, yeah, this could go up forever. I remember the big argument was Rob, people tell me, institutions are here to buoy the price of Bitcoin and crypto. And it'll never go down. It'll just be like small little peaks and valleys like in the traditional markets because institutions never sell. And I was like, hold my beer because I guarantee they're going to sell. Tesla sold, a bunch of institutions sold, MicroStrategy didn't sell. That's true. But they can't keep everything up forever. That's just how it is. Would you change your four-year model if sudden catalysts happen and boost Bitcoin on a K? Like Kamal ETI fed through the warranted. Yeah. And I'd be happy. And everybody'd be happy. And that's, see, J.M. Chad, that's why I still dollar-cost average. People say you shouldn't dollar-cost average to wait till it goes lower and lower and lower. I don't know. I'm not a genius. And no one knows exactly where we're going. So I'll just reduce my dollar-cost averaging. And if it goes up like Mr. Chalice here says, let's say an ETF gets approved. Let's say Gary, let's be honest. Let's say Gary gets fired. And then they put somebody in there. And then they approve it. And the Fed pivots and go, you know what, we're just raising rates too hard. We take a look at the data, not the retroactive data, the retrospective, and looking good. And then maybe Ukraine and Russia come to a deal and they say, look, you can take this chunk of land, but you're not going to get this. And let's have peace and go from there. Maybe, I don't know. Robert, I've heard from you a while. I'm very tempted to sell and see if I can rebuy here this month a lower price. You can do it. It's not my thing, but I can see why people would want to do that because they hear me talking about, oh, I could go to 10K or go to 14K. But remember, I'm just a guy in his mom's basement with a really nice green screen talking to his computer to you people. How many times has this guy been wrong? Plenty. So don't think just because I said something, it's going to happen. All the 30. Beardy got 52 steps than today, which means he walked back and forth in the refrigerator four times. That's pretty good. Beardy, those are rookie numbers. You got to get that up. Phantom comeback, perhaps. Hello, Azir. It's a nice beard. Have you heard of wax? Wax protocol? Yeah, it's great. Stash is always talking about. Crypto stash, always talking about how great it is. I've used it once or twice. Super cheap. Got a lot of tread and a lot of big names behind it. Big organizations. I think like, not DC, but I think Marvel and a bunch of other different places could do really well. I always got a good point here. I think it's the last leverage shakeout before pumping for eath merge. That's what a coincidence that you talked about that. Let me show you something. I was just looking at this and I wasn't going to bring it up because I didn't think it was relevant. That could be it. There's this website I use and it's called Crypto Quat. Let me show you the screen so you can see what I see. There's six I always look at. Bitcoin miner outflow, which you can see that 2021, this green spike. That's a lot. Exchange reserve looks like Bitcoin. The reserves means people are taking Bitcoin off the exchanges a little bit. Exchange reserve for Ethereum, same thing. Take your buy volume. Of course, as prices goes down, there's a lot of people buying up even down here. But what I want to show you is the Bitcoin estimated leverage ratio. Let me blow that up.