 Great welcome to the last set news. My name is Robin today. We've got a lot of things to go over So let's just jump right in first thing I'm gonna talk about today is how the weekend went because we had a three-day how it's pretty tame and I gotta tell you I was actually wrong about The potential pitfalls of this weekend and we're talking about polishing gems and we're gonna do a thought exercise called what if Also, I'm gonna talk to you about just how heavily undervalued we are right now And then we're gonna take a look at historically about how July is for crypto over the last 11 years And is this going to be a really bad month or potentially a decent one? They look at another billion-dollar crypto platform crumbles over the weekend And we're talking about the great merges, which is probably why you're might potentially be here because that's thumbnail And then lastly putting the short-term in perspective and I gotta tell you the short-term in perspective It's not good. So we're gonna go over some Some good aspects about what's going on in our market and also some bad aspects I don't like to give everybody just a bunch of hope him because that does everybody know good You have to know both sides of these stories to give you a little bit perspective. So now the final will do a Q&A So let's commit to it the weekend It was pretty good. I mean look for the July weekend here for the states. Everybody had a lot of fun I'm sure of course just here in the US But for the for the markets itself, I thought there's gonna be some kind of some kind of big run on on these In our space and I think there's gonna be a little bit of a catastrophe, but in all honesty, it wasn't this is like can't be right Let me refresh this real quick Wow, look at that. Hey, I'll take it 953 billion and we're up a point and a half So again, I was I thought hey There's it might be a reason why these different platforms are shutting down either limiting withdrawals or stopping them all together But it looks like whatever may have been planned or was going on the background Either didn't didn't happen or just couldn't get pulled off. That's all I'll say about that Anyhow bitcoins up almost 3% of three great 1100s I think everybody's name everybody's up Ted is it cares polka dots down a little bit any big winners Wow Polygon up 10% congratulations polygon holders Again, if this is you there's these rules on always talking about and to see the last one where it says take profits maybe if You're up a percentage of points. Maybe 10% or 20 or whatever potentially is maybe we might be a not a bad idea Take some profits again on this on this Channel not investment advice. I'm just letting you know the the rules I tried to live by as staunch as possible So that's the weekend and then also we take real quick look at some on-chain data quickly We can take a look that as far as minor outflow for Bitcoin. You can't let me blow this up So here we are for the minor outflow. This is the last week and it's pretty much stable Let's take a look at the month in all honesty Bitcoin miners aren't really selling too much. There was a big sell on 21 June And then also in 15 of June when there's a big, you know dump and the price and let's take a look at a year Just curious Wow when the price went super high Which was 46,000 which wasn't that super high a lot of miners sold off and then over here Again 20th of June there was a big sell-off, but lately then pretty much the same thing So nothing relate to see there keep moving on Bitcoin exchange reserve keeps dropping meaning people are taking that Bitcoin off the exchange is that's usually a good sign However, Ethereum looks like there's an uptick of people taking Ethereum off. Maybe to pay for the upcoming gas fees I don't know take her by the arms stable Here's my favorite part leverage ratio goes up gamblers like to gamble good for you guys. Wow. Hey I think this is the all-time high for leverage ratio. I might be 0.3 anything above 0.2 is is pretty high So if you're going long or short, hey, good luck to you and then Market value to realize value is of course below one So typically a good time, but that's just that's just hearsay as for what it is So that's what's going on into the markets themselves. What I want to talk to you about though is a polish and Let's want to put this in perspective because I sent out a tweet this morning. Yeah this morning and I said a gem cannot be polished without friction one of the stoic said that I want to say Seneca Plato. I forgot But it's true, you know under diamonds are only made under pressure, right? So I said a gem can't be polished without friction and I said this could be Celsius Invest Voyager and we talked about our guy Simon Dixon trying to do a recovery plan and the response I got were pretty good People weren't too excited about it one said this which is pretty funny and also true You can't polish a turd and that's very true I think the jury is out on this and we are awaiting the verdict even though they both managed to turn this around they have a long row to hoe and Molino takes the spotlight and says you can't polish a turd But you can roll it in glitter and again, it doesn't really matter because a turd is a turd, right? So these are the things that were said, but I got to tell you I Know the sentiment is negative and I put it out there because I'm not gonna deny it I mean, this is a bear market going into potentially this big long crypto winter. I'm not for sure I just play the I just play the long game But I want you to take a step back and think about what if and here's a here's a here's a what if scenario So this was from digital asset updates Celsius network at a total of 120 million today on its Bitcoin back loan dropping its liquidation price to almost below Well below 5,000 which I thought was great. And then there's another Update from watcher guru Celsius network has paid off another 40 million In a Bitcoin loan dropping its liquidation price to $2,700 and if we take a look for the DeFi Explorer and the maker Dow We can see that yeah, there was a couple of big loans paid back Both on July 5th and 6.4 million die and collateral change was negative 2,000 wrap Bitcoin And this was looks like the Celsius wall and what's interesting to me is that they put in look at this Total collateral added plus die paid back 1.8 billion Value withdrawn 757 million sounds about right and then the CDP balance the current collateral value to debt 406 so still a bit of debt there But the thing is that they're paying it back and they were going slowly but surely the question I have the thing that I've Thought about is this if you're gonna go through bankruptcy Would you pay back your debtors? Or would you just go through bankruptcy like I deal with the courts? Sorry Charlie? That's it Maybe there's some other Pap and stance going on behind the scenes, but to me I take a look at these things and they're actually paying some things back Which means there is some liquidity going on and then just got me thinking I'm like, well, what if what if all these things that we're talking about We could actually Pull this off What if all the the negativity and the problems with these platforms which really started with Luna and then three arrows capital and the tentacles in it and we were able to Bail ourselves out like what we talked about with Simon Dixon I did a video about a week ago talk about the recovery plan. It was really good Simon we talked about us this weekend and Simon of course is the gentleman who runs Bank of the future early Bitcoin investor in 2010 Angel investor into small places like Coinbase and Kraken and Biff next and things like that and he goes look From the plan that we just came forward. We have a multi-billion dollar syndicate of investors interested in our recovery plan for Celsius Great sounds good. And then he also said just a little bit ago the sales to network community proposals are amazing I'm proposing some tweaks to the investor syndicate structure and tonight and remember I linked this in the description the The proposals that are being put out. They're all right here in Bank of the future and they're gonna ask you for your Your feedback and these types of things Is where the community gets to really have their voices heard so again? Thought to myself I go if this is reality and and we can see it and a light at the end of the tunnel What if we actually pulled ourselves out of this mess? What if we didn't need? Like the banks needed the the government to bail them out so long ago What if we were able to actually say, you know what? We don't need anybody. This is a decentralized area We just need our community and we're going to bail ourselves out. Nobody else needed. We know there's there was mistakes made We polish a little bit. Hopefully we get that those gems to come forward If we can do that and you can see everything rise from the ashes Where would crypto stop then because out of that catastrophe that just happened? Let's not Let's not make us a saint out of sinners. They made some bad mistakes boneheaded mistakes I might I might say but if you can pull yourself out and come out of this It's just one more stepping stone where we can say, you know what? I'm in the right place the right time and credit is gonna make it anyhow Let me know what you think about that in the comment section now. Let's just quickly go over How undervalued we actually are so this is a website. I like to peruse every so often this is Ben's web website into the cryptoverse and This caught my attention. Well, there's two things which was undervaluation. I didn't know we were 40 We are 47% undervalued from the fair market value price and you can see like it's never perfect I'll be honest with you right never perfect bull markets in 2017 You know, of course We're above the fair value because everything's overheated and it kind of comes down and it bounces around so we hit this fair value 12th November 2018 and then of course kind of goes down a little rebound Crypto winter for a while. We're underneath quite a bit. I would say and of course we go into another bull run December 2020 remember in 2020 they called a having big one having did pretty well 2021 then we were above this line as well and now just look a far down We are how undervalued we are just like we were undervalued over here and just where all and I can't tell you what to do I'm not your dad if I'm just saying this is where I was buying a lot of a lot of crypto right around these undervalued areas Because I was like I ought to probably bounce back I'm not in the business to lose the money. I ought to stick around for three five ten fifteen years Might be okay, and here we are again Undervalued one more time and that got me thinking about well How is this month gonna really play out because July? I don't know. I really don't know so I again Took a look at Ben's website and it's under the monthly returns. I love these I love this data Then smart guy good for him putting this together and he's got a crew of developers I believe but you can take a look at this aggregate from 2010 2022 so far so far if we take a look at what are the best months. We'll just look look down here overall this time January You know not too bad. I mean there's like For each year one two three four five there's five negatives and one two three four five six seven seven positive types of months and and they could be as high as 57% or just a minimal 13% and just go forward That's what matters. Go forward over here to July and in July you can see there's a lot of greens. There's a lot of greens For each year doesn't mean it's every time but you can see that even in 2019, which wasn't a great year We just talked about it negative 7% okay 2016 again not the greatest year actually that was kind of leading up to That was the big one having 2016 yeah Not so great. Not so great. That's a great however The last two years in the bull market not too bad So could this be potentially a pretty good month? Well statistically you take a look down here July average 8.9 plus minus 16% pretty good I will say this if you just take a look at these months. I personally Don't believe this July is gonna be anything great like a v-shaped recovery. It might pull out of grain. That'd be cute I'd be adorable, but I think it's gonna be anything fantastic But if you take a look at these these charts and take a look which ones are actually the best months just over time Just over time take a look at November all November's a sweet month and remember I think we hit 63,000 last year 2021 20 20 no 2020 2021 November Or October look at those 40% so if I was gonna do anything if I as I go out I'm gonna tell you October November pretty good months December not too bad, but then look at March 9.2 plus or minus 52% if I had to sell at any any points probably March October November just go from there and this is great saying About May sell in May and go away. Well, let me tell you I think the new one for us should be sell in March and go away. Those are pretty great months. Although April 4713% maybe it will be April. Anyhow, these are the things that we look at July I can't tell you anything fantastic, but statistically it's usually a green month Let me just think about that in the comment section. Let's get into the big stuff Another crypto platform crumbles and this is not a any small crypto platform. It's bald And this is from Darshan co-founder of bald official He is the co-founder of the company lending platform in India And he said this caught my eye I just had a lot of customers are nervous about your funds work entirely to ensure your financials are protected to that end We've signed an indicative term sheet with nexo to acquire up to a hundred percent Of said bald. So this is what's going on First of all, this is no slouch of a company. This is a billion assets under management. Nothing small nothing huge Nothing like a 10 20 billion or so but a lot And this is what's happening. London based nexo will begin to do diligence and plans to acquire up to 100% of the firm Client withdrawals will remain halted for now Doesn't that sound familiar with exactly what's going on with a lot of different Platforms right now And this is from nexo co-founder and tony trenchiff. He says we have to see what exactly is on their books It's going to take a little while Since we've the exclusive exploratory period. We're only looking For certain things are only ones looking at them right now A monday the crypto trading and lending platforms suspended all withdrawals trading deposits hired legal and financial devices for potential restructuring options again does this sound Strange to anybody or is this just the same? Song and dance happening yet again trenchiff said nexo could restructure or refinance vault depending upon how the due diligence process goes Evolved has some assets staked for longer periods something like uh, you know eith eith 2.0 Which can only be released after eith 2.0 or actually the merge happens whenever century that happens Uh Evolved has some assets staked for longer periods or has made investments for a long duration nexo Could take those and instantly provide liquidity great Because at some point it'll happen On the other hand if their assets have been lost nexo could potentially replenish them if it makes sense again If there's a massive losses Then why would nexo buy them out and then uh, then off they go from there as the why nexo is interested in vault trench has said Vault has huge traction in india and southeast asia which are important markets to us. I'm gonna say that one more time I'm gonna say it to you why As to why nexo is interested in vault trenchoff said vault has huge Traction in india and southeast asia which are important markets to us. What does that mean? That means that part of the reason why these other companies are buying up these smaller companies these distressed assets It's a very simple reason It's the cost to acquire new customers And if you've been in marketing a bit of business, you know that there's this metric And we take a look at how much it costs to acquire each individual customer And depending on how much it actually costs that's how much you give for affiliate referrals or to the marketing company Or all whatever you want to do with that money to acquire those new customers Sometimes it's hugely expensive But on the back end over time the lifetime value of those customers could be exponential Moving into the three five ten year plan. So for this for these guys are like, well, wait Maybe if we make a little bit of a loss Okay, I got it But in the long term, which of course that's what's crypto and digital assets is all about right now We're just pretty much speculating. Let's be honest But in the long term all these customers well, they already have inroads They already trust this brand if we go in there and actually get these distressed assets And maybe we have to put a little bit in that's okay Because now we have most of these customers now some will take off because they don't like what's going on But the cost to acquire customers might even be a little bit cheaper or on the back And they say look we want we're here for stability We want to acquire these people now as opposed to just getting you know marketing and try to push down the throats That I think is why you're going to see a lot of these different companies go. You know what? Okay, let's do this Let's pull the trigger because crypto if it really they do believe it's the future Which I think a lot of people do like let's let's uh, let's light this candle And let's just start acquiring businesses because It's going to path in the long run. We might take a hit in the short term But in the long run it's gravy So that and then of course bald as asses that are one billion like we just talked about Which leads me to my next point and we'll get out of here The great merges. This isn't just me just Coming up with crazy theories. I mean in all honesty. This is how big businesses work This is a great graphic from visual capitalists and it talks about amazon and how they just acquired just They just bought up everything and in the beginning they were taking massive massive losses massive losses To acquire these huge companies and look at that. What is this 2008 300 million audible? Well in 2000, that's a lot of money 250 million jungly 300 billion. I can't read that. So let's just look at the this is better So we take a look here quidzie Half a billion dollars in 2010 Amazon wasn't they were still struggling back then Soak half a billion three quarters of a billion for kiva twitch the streaming platform Almost a billion dollars pill pack ring man reading was almost a billion dollars I'm sure the sh that's pretty good zappos 1.2 and so on and so forth. So you have to understand that even before that in 2000 2008 9 10 when they're buying these small companies for 300 250 million dollars and so on and so forth They were taking massive hits But they didn't care because they're like we're on to something and we're gonna be the biggest one of the We're gonna be the biggest company because that's what these companies do and the cost to acquire these new customers Might have been a little more expensive or might have been less expensive But they didn't really care because they go if we just acquire these assets and absorb them into the brand that is amazon We will be a global leader And I think that's exactly what's going on right now for the smart companies that realize it and approve my points Just a little bit more facebook don't groan Don't hate because they did a great thing and that great thing was just acquire everybody And that's why they were You know well in the good days the the big part of the smp 500 I want to tell you how ridiculous this is as I scroll down So first of all, they bought about base for 200 000 in 2005 not a big deal, right? I'm not going to read all this stuff. But just look at this look at all these companies That they acquire 10 million 10 million as close and as close 70 million Sofa undisclosed and one billion for instagram. Okay, light box undisclosed probably a billion karma. Who knows Is the atlas hot hot studio? Yeah, and when I was scrolling this I'm like, this is a this is a joke This isn't uh, they didn't do all this but they did oculus vr 2 billion extended 20 million And it just goes on forever and ever and ever and ever sweet marion joseph Look at this forever a billion beat saber whatever giffy for a million forever Geez, okay, so finally I'm at the very end. So do you understand now? Why like these people like why would they I don't understand why they would you know buy up all these distressed assets? Because they want to be a global leader. I think to me that only makes sense Uh, I could be wrong, but that's where we're going and then just to Bring this home Remember binance is doing the same thing Here's they bought swipe io Binance jacks dap review was x which was the indian crypto exchange and then trust wallet That was just five. I think they did some more Not for sure the actual amounts and also I want you to pay real close attention to wonderfi. That is uh, kevin oliri's company They this is I think their third or fourth Crypto company they just acquired they want to be the global leader as well Wonderfi close the acquisition of crypto trading platform coinberry canadian crypto firm says I want more deals Let me read that one more time The canadian crypto firm says it's open to more deals for firms hit by the crypto winner See as retail investors. We think that everything's awful and for these guys This is Christmas What they do crypto marketplace closes 30 million acquisition of canadian crypto trading platform coin bear a monday after being admitted to trading on the toronto stock exchange the deal was approved by competition bureau canada, ontario securities commission and other provincial regulatory boards in addition wonderfi said it might purchase other crypto companies As the shakeout in the sector continues CEO ben samaru Told coin as he thinks other non-regulated crypto trading platforms might have similar issues as voyager Which had exposure to three arrows capital had a limit withdrawals pretty much. They're saying look We'll buy if you want to As a result wonderfi is being looking at potential deals for non-regulated exchanges both in canada and globally So when I hear people talk about uh This is awful and these things that are happening. I'm like just look what's going on behind the scenes I think there's a lot of people with a lot of money and they're just buying up things like it's a Candy spree and guess what's going to happen for quite some time and um, I think that's how Big businesses become massive businesses become global leaders become monopolies and I hate to say it You know people talk about decentralization, but This is the world we live in and that's just the truth So let me just think about that in the comment section. This is good for our market or bad I'd love to hear that perspective and uh, let's just finish off with some not so good news Sorry So that was a little hopium ish. I guess maybe I don't know But uh simon u from storm max had had a pretty good quote And if you're thinking that this short term is awesome, it's not awesome. It sucks and he was talking to uh patch patrick acumen on this one he says He and we're there talking about the potential recovery goes. Why? Macro outlook looks terrible. There's still problems with inflation. I think that's going to be still out of control there's still problems with supply chains there's still problem with Russia excursion and and the ukraine there's still problem with uh, Chinese lockdowns and everything that goes along with that And all the different problems so macro is looking pretty pretty bad Interest rates continue to creasing plus quantitative tightening Which is what the fed is doing right now us users get burned because they were lied to By platforms saying it was all fud. You know exactly what i'm talking about and people are going to pay for food rent Etc and over the top over the top regulations will be coming So says simon I hope he's wrong, but who knows I like I want regulation over the top regulation Probably gonna do it But unfortunately, I need to know the rules of the game so I can play the game and that's where it comes down to so Yeah, things look good in the long term in the short term Not gonna be that fantastic anyhow that takes care of the news for today Sorry to put you in a bad mood, but just the truth And I could be wrong and now it's your chance to sound off and tell me how wrong I am in the comment section And I'll answer all your burning questions right now. So if you got to take off adios. Thanks for stopping by I do appreciate you. I'll see you in the next one. Now. Let's jump into a little Q&A Let me get this rid of this thing Which is here All right Comments many many go see it