 Just as a recap, Susie Binance came out and said, hey, I'm buying FTX because Sam reached out and he needed help. And that's what's happening. But if you want to stick around, we'll do some Q&A. If not, get out of here. If you liked the video, give it a thumbs up, like and subscribe, all the good stuff. Now let's get into my favorite part of the whole show, the Q&A. Let's go from there. All right, beardies here. What? Daniel Hayes, I love SPF and FT. Nothing wrong with that. I know some people hate Sam Begman-Freeway like a passion, but in all honesty, he did what he said he was going to do. Like when things got hairy, he made a really tough choice and said, he's going to reach out and go and grovel and beg probably and say, look, I do not want to go on the path of Voyager and Celsius. We are insolvent. We are illiquid. There are problems. Please help us out. I know sometimes people hate to, people hate to ask for help, but by asking for help, you really just are not giving up. That's really what it means. I think people who ask for help are stronger than the ones that can't. So in this situation, hats off to Sam for doing what he had to do to make that tough decision. This is a great question. Bronco Novak, what will happen out all the clients that FTX bought from Voyager? First of all, I don't know if that deal's going to go through, brother, because they're insolvent. They're illiquid. And now it really comes down to, well, this would be the other thing we're talking about, about monopolies. Holy sweet, Mary and Joseph. Think about this way. Now that Binance just picked up FTX, that deal still hasn't gone through. It's supposed to go through at the end of the month for Voyager. What does that mean? Well, now that deal, and I'm not a lawyer, but it would seem to me that that's not going to happen. So now that whole plan for Voyager is out the window. Now it comes to Binance. And Binance has the option now to go, you know what? Maybe I could make an offer. You can't make this up. Better than a novella. BNB still rising. Excuse me. Let's see here. Don't mind me. Don't mind me. Just doing something. Let's see. All right. All right then. Not that I did anything. Just saying. Ah, let's see. Hats off to yesterday. The guy scanned millions of FTX tokens. Cops asked me, first of all, did he scam you? You knew, and we all knew where these tokens were coming from. They're made of thin air. Pancakes, don't blame that guy for what you did. So if you got into a bunch of FTX, was it mine? Is it a proof of work? How many wallets own FTX? How concentrated is it? You knew all these things. Everybody knew all these things. The question was how much utility did the FTX or FTT token actually have? Did it actually, was it actually solid? Was it dispersed enough? I don't have any FTT. I don't know where everybody's coming from on this one. So. Binance is cancer and medicine for crypto. They play everyone. Perhaps Joe Black might not be too far off. I don't. Kasha's crypto says, Rob, do you have any tips for crypto tools specifically portfolio tracker, watch those curators? No, I just use a spreadsheet, just have everything there. And then as much as I tried to do, I take all the crypto off of the exchanges as much as I possibly can. I think, oh, Robert says, I think someone did SPF dirty. CZ accused him of lobbying behind his back. That's true. I doubt SPF did that. Perhaps, but whatever was said between CZ and Sam Bankman-Fried was what turned to the bridge when things went sideways, agreed? Again, you know how hard it is to go to somebody who, you know, maybe you don't like and maybe you think to yourself is the reason for the incredible downfall of your company? That's gotta be tough. Because let's be honest, it all started with Dylan Leclerc. He put a tweet and said, I think FTX may be insolvent. And he took a look between the liabilities and the assets. And they had 16 billion in assets and 8.1 billion in liabilities. The thing was, is a lot of it was locked up in Solana. And the big one was FTT or the FTX token. And in that situation, if it's locked up or you have a token that's created out of thin air and you own the majority of it, good luck selling it to get liquidity, right? So you got that happened with Dylan and then CZ comes out and says, we're dumping all our FTT tokens. And then within 24 to 36, I forgot what one long was, 24 hours or so. Now you have to go to the guy who may have potentially sunk your whole business and say, I'm doing this for the investors. I still say hats off to him for doing it. Texting Simon, I should. Simon's gonna be on, Simon Dixon's gonna be on the show pretty soon. I'm glad he's gonna come back. This should be a good show. I'd like to see what he has to say. Spokes says, do you know this means that CZ cannot buy Celsius now? You have to explain to me why. I'm not that smart. No honor among thieves. And Pickle's got a great point. It's all about the long game in the end. Battles versus wars, right? So right here, you know, we go along with the turbulence and of course the positivity's at the very end. Do we win the war? And the war, I guess for most people, be financial freedom, right? And I have to go to a nine to five job or just provide for their families or provide for next generations. So right now, sometimes you lose a battle here and there. I've done it myself. I got stuff stuck on Celsius and Voyager myself. And but in the long game, as we go through these turbulent times, I think there's better days ahead. And the reason why I say this because there's tremendous upside to crypto, just right now, again, it's not the projects that are the issue. It's the crap that's going on with the centralized exchanges. And it's why I'm always harping on you guys to get all your crypto off the exchanges. So you want to deal with this nonsense, right? We went through the Celsius and Voyager BS. So that's why I created those rules, which is right, the pickle is hiding from us and just go from there, right? Now third rule, nothing on exchanges. That's it. Yeah, Amy Johnson's not a good point. CZ is a supporter of DeFi. So I wonder if we'll all get a DeFi rally now that SPF won a power government. That's a good point. I think that's one of the bigger issues people were ticked off at Sam about was because he was a big donor to a lot of politicians and they didn't like that. And so now he's out of the picture. And Rob's got a point. Rob Blaze, that's a great name. It should be a crime for SPF to claim that there's no problem when there is a problem. Yeah, but no, actually you're right. It is true, Rob. Now you're right, it's true. You shouldn't say that, but I think as time has gone on, I think we all know since we're seasoned in this whole market, we knew the signs, we knew what time it was, we knew what ending it was gonna play out to. When Sam came out and said, everything's okay, there's no liquidity issues, we got this. Don't worry, everybody. The alarm bells went off and we're like, shoot, I gotta get all the stuff off and we did it. And that's when we saw the same thing happen with Alex Machinsky. I remember Alex was on my show and he was saying that we're gonna see all-time highs towards the end of the year. And I was like, what the hell are you talking about? And then everything went sideways. And then of course, the same thing was with Steve and Voyager, now here we are with SPF. So again, when everybody says, there's nothing to see here, folks, move along. There's no problems. That's when there's a big problem. That's when there's a big problem. The gray. I guess if someone is trying to be a pimp, they're overcommenting for someone this line of work. It's true. Funds are saffoo. The old Seasy one. Thank you, Henry. Thank you for listening. You saved me late last night. I saw your tweet and got out of bed, moved my stuff off FTX just to be safe. Thank you. You're welcome. I gotta tell you, like in a lot of investing vehicles, it's really a set it and forget it. Like the S&P 500, yeah, set it and forget it. Robin Hood, Dallacost, Average, Ban, Moffiko. Same thing with like being individual stocks, right? Over time, you should do okay. Depending on the stocks you pick, actually. But with crypto, it's not a set it and forget it. You gotta be really involved. And I made that mistake. If you're not involved, you lose money like crazy. And the pickle says ledger or tracer, all about user interface. People like tracer more for the user interface. I'm just used to ledger because I'm just have done it so long. But yeah. What was that dip and pump today? Norman, it really comes down to FTX becoming illiquid and Binance coming in and bailing them out. It's the fastest bailout I've ever seen in my life. You think, yeah, governments move fast for the great recession. In 2008, 2009, this one happened in less than an hour. Pretty amazing. Less than 24 hours. JH says it right. Me just chilling watch everybody freak that F out while everything here is on my ledger. And I gotta tell you, it actually comes out of this. This is, when you have a ledger and you do it right, you don't keep things on exchanges. This is essentially you watch this video or not. All right, that's good. And that's good enough. You get the point. The point is that, you know, if you just, it was the same thing with Bitcoiners who are anybody who had all their crypto on a ledger. That's the whole point. I used to say in the past, as I've progressed, I've figured this out. I used to say, you know, it's kind of complex to move things off of your, off of the exchanges and, you know, we should be used to, you know, the banks. So maybe it's just easier to leave it on there. Whoa, we all learned a lesson. So from here on out to the end of time, I'll be talking about this. Take your crypto off the exchanges. Don't leave it on there. And that'll be me forever. CZ is clever, I have to agree. Yeah, Liberty and Trust says, this is a non-binding agreement for CZ to acquire, probably, but not certain. Here's a question for everybody. Maybe Sam reached out and said, hey, help me, just say you're gonna buy it and go through it and we'll work some kind of back deal, right? So people can stop taking their money off of all, all their crypto off of our exchange. And then CZ's like, yeah, okay, we'll do that. And then they just don't go through with it. I guess that really wouldn't make sense either because then if they, if they went through that whole process and then CZ backs out, then I think there would still be a run of the bank. So this does sound legit. Okay, let's see. Imagine the panic, but it's going down. Facts, that's good. Seems like they're consulting all their stolen assets from Voyager. Hey, maybe we get a better deal from CZ, who knows? Mishinsky jail time, perhaps. Well, I don't care if he goes to jail or not. I just want all our crypto back. This is good. SVF will be given a cozy position that requires a bucket and broom and Binance HQ. Pretty good. Solana got saved. That's actually a pretty good point. Again, remember FTX had a ton of locks Solana. So thanks, I appreciate that. Wolfby says, well, if you have FTT in your ledger, it really doesn't help. That's true. Well, just like everything else, right? At least you don't go to zero. I mean, even if you had Luna on a ledger, I don't know if you could even put Luna on ledger. It still goes to zero, right? So what we have to understand, that's the risk that we're taking, right? There's no guarantee that everything can't go to zero. I think that's pretty ridiculous. I mean, considering like the reason that we talked about, especially with the government getting so big into it, and also, you know, the black rocks, the mass mutuals, the fidelities, so I don't get it. Oh, sorry, let me go down. Yep, I took my coach off FTX. Thank you for showing up. Thoughts on the Voyager deal? It's not gonna go through now. I mean, where's the money gonna come from from FTX? You know, so. I mean, that is through Alameda research, though. It's not, I'm not for sure if it's FTX or Alameda, because Alameda research is the financial arm. Nah, but they still don't solve it. When this, now that's a good question. Bruce says, when does Binance buy Coinbase? I think Coinbase is safe for now. I think just for their custody service, they make a ton of money off of that one. But that's a good question. My bigger question is this, is what's the next exchange that's gonna fold that Binance is gonna absorb? Binance could be, and you know what's funny? Wasn't it two or three months ago when we were always talking about, myself included, that Sam was gonna be the next Jeff Bezos for crypto? Could he's buying up everything? Well, guess what? That didn't come to pass. Just how it is. Everything you think the market can do one thing, it kicks you right in the teeth and says, no, I'm gonna go do something else. That's why it's great to diversify and dollar cost average, because you never know. Mike Mad says, any advice for a fresh starting crypto YouTuber? How long does it take for you to see success? Great question. And this is a question that all the OG YouTubers never answered, and for me, they're all a bunch of jerks. Just kidding. But I'll answer it for you. The thing they should do as far as YouTube is consistency. Just keep putting it out there. Just know that you're gonna sound like some of the people you watch, and that's okay. It's gonna take you for a while to find your voice. Once you find your voice, you'll be very different from everybody else. And that's, I think, when you start to see more subscribers when you find who you really are. The next thing is, if you're gonna do something like what I'm doing here and talking about the crypto or whatever else, use a product called StreamYard. Makes things a lot easier, very simple, very easy to use. Don't use OBS or stuff like that, cause it just kinda suck. And then the next thing is this, is that if there's three things you have to have, that's super important for every video. It's have good audio, have good audio, and have good audio. All this stuff in the background doesn't really matter. This is all green screen anyhow, so it doesn't matter. I know it looks, it's a green screen. I'm in my mom's basement. So just do that, and you should be, that's the best advice I can give. All right. Anyone changing it? I just texted him this morning, matter of fact. He's doing fine. Rob, if we did not weed out these con artists, this space will never thrive. CS, it needs to have consequences for the con artists. True. Here's a question for everybody. Would you like to see more regulation for crypto exchanges? So this stuff doesn't happen. Although, if you look at it, I mean, didn't we just have banks about a decade ago go insolvent? So, who cares? I still hold to the theory that we need regulation clarity. What's a security? What is a commodity, and what is a currency? And just go from there. And I know everybody's really bummed out about the library decision with the SEC. It looks like LBRY, they went through like a years, years long battle with the SEC. They just lost their case for the ICO. But don't worry, because I mean, is it the most awful thing in the world? I remember this. BRY's favorite crypto called EOS, went through the exact same thing. They lost their battle with the SEC. And what did they have to do? Well, they raised $4 billion, and they paid $24 million in fines. Woo, not a big deal. So that just happened, everybody forgets about this. It happened just like two and a half years ago. So that's it. I don't know if it's gonna be a big deal or not. So you gotta pay some fines and move on. That's the cost of doing business. That's it. Ooh, JR, Bitcoin dropping back below 20K. Let's see. Interesting, interesting times. Let me refresh. Yeah, you're right. Look at that. A pump, well, that makes sense, right? A pump and then people take profits and boop. Let's see what Binance Coin is doing. Ah, not bad. But jeez, I went from, really? 322 to 333. Yeah, people take them profits. Probably keep going up again. Hey, yeah, that's true. I should do this one. You need a new rule where there's smoke, there's fire. I say that phrase enough. So what about so, what about so? Great question. Let's see. Solana. Wow. That was a great question because apparently it's down 15%. Although it did pump, ah, this isn't anything. Hold on, is this in 24 hours? Went from $27 up to $30, like 27. So, ah, somebody who was probably a trader and made a bunch of money. James probably did that. Who knows? CZ could honor the Voyager deal. May have wanted to actually, yeah, perhaps. I don't know. I'm more interested in what they're gonna do with Celsius, honestly. FTX-US is still on Sam Bacon's present. Potentially, again, when we talk about the withdrawal process, Sam specifically said FTX-US is not affected. So maybe this doesn't affect them later on. But again, CZ Binance, and Binance is, they've already done a letter of intent to buy out FTX in completion. Not for sure if that's FTX-US. I wouldn't, I don't see why they wouldn't buy them both. If one's illiquid, you know, why wouldn't it be ever? I don't know. Diamond, good morning. But so Binance, boy, is out of Voyager. Yeah, can you make Mountain a mod? Ah, sure. Who's Mountain? And says they're just limiting retail competitions, scaring everyone off and buying it up. Yeah, it could be true. I gotta tell you, if you're a trader today, today would God send for you because you could have done some big damage. Made a lot of money in a little bit of time. I'm not that guy though. So Bruce says, did Voyager wipe you out? No, no, because remember, I mean, you understand that like on the way, like I don't just say these rules just to waste my breath, I do what I say I do. I don't do it to like the nth degree perfectly like I should have. But again, the rules where I talk about don't invest money, can afford to lose. That's a big one for me because I won a little bit too heavy in 2017. I make sure that I understand everything's a scam until proven otherwise. I don't leave anything on exchange as much as possible. So there was a timeframe when you buy something or when you can actually take it off, usually about 24 to 40 hours. And I just do it every day as much as I possibly can. And the next one where I talk about taking profits, I took some big profits and I always talk about diversification. I do that for a reason to protect myself. I'm not gonna just stay here for crypto for all time until it goes up. Maybe in 10 years, maybe Bitcoin is the world reserve currency and the Bitcoin maxes are correct. Maybe Ethereum is the underpinning for all the different aspects and all different businesses globally and all the ETH maxes are correct. I don't know. I don't know, I can't say for certain. So what I do is I diversify. So I take profits along the way. I still have my crypto. I have real estates. I have long-term rentals and short-term rentals. We still do a little bit of the Amazon business. We still do the staking with crypto. And of course, a couple of things we use iTrust. I use iTrust, not my wife, she doesn't wanna do it. iTrust capital for Roth IRA because it's tax free. That's what Peter Thiel did. And then I use Masterworks. I've got two paintings. I mean, they're fractional shares of paintings. One is a Banksy and one is a Basquiat. Couldn't tell you what a Basquiat is. Don't really care. Just know the price goes up because rich people are crazy and they love pieces of art. Anyhow, I'm up like 40% since I bought it in October. But this is what I talk about. I talk about diversification in these things because I don't wanna get trapped and just go, wow, I put everything into Luna and now here I am and will not be that guy. So you can choose to follow that advice or just go, no, Rob's an idiot and he's a boomer, not. And I'm just gonna do what I wanna do. Do what we wanna do, much dead. All right, SPF being on Connors? No, I don't really think so. I think you try to do the best thing that you could and didn't work out. But you know what? Here's what's great. There's a saying in crypto, don't trust verify, right? Don't trust verify. And with this, if Sam is a liar and he's a snake in the grass, he's the worst human being on the face of this earth, to me, it doesn't really matter per se because I use the services that he provides of the exchange. I don't leave my crypto on there. I take it off and that's it. It's just a transaction to me. It's not emotional, it's nothing else. I mean, FTX is pretty cheap. I'll be honest with you. So I don't really care what it is. I'm just here to do my business and move on. Rob, can we still donate to PR? Absolutely, definitely. After that, you know, last hurricane, we've had a lot of problems here with electricity and people need roofs. So there is a link in the description for protechos and they are a nonprofit organization. They're the ones that I donate to and they build roofs for people who are low income and it's an important service. I mean, have you ever not had a roof? I have, it sucks. And you can't get anything. And it's just all, and everything comes unusable. And especially in Puerto Rico, it rains all the damn time. So these are important things to consider to donate to. Again, link is at the very top of the description. I don't want them too big to fail. Yeah, me neither. Traders Paradise. Please like and subscribe, Bikki says. Hello from sunny Florida, construction site. Oh yeah, Jeff. Probably got his ear buds on. So Shravan Bingi says a good point. Well, today CZ's news markets are sure recovered. True. Do you think that market will go down again in the coming weeks or months? I think they would have gone down drastically if FTX would have gone down and SAB wouldn't have reached out to CZ and goes, man, we need help. Everybody here would have lost a lot of value in their portfolio. Whether you would have sold or not is up to you, but it would have happened and it would have changed everything, the trajectory. With Sam doing what he did today, it saved a lot of your portfolios. I'm just saying, that's just the truth. Whether Sam is the worst person on the face of the planet or whether he's a saint, I don't know what he is. But by him reaching out and CZ agreeing to it and doing these things, this saved a lot of things. Now, does that mean that we can't go down? There's a lot of uncertainty. There's a lot of uncertainty. So I can see, yes. However, hey, isn't today Super Tuesday? Today is the day for everybody to vote here in the United States for their favorite congressmen and women and senators. So we'll see. Republicans will probably week out or eke out a bunch of victories and probably the Senate and House representative will both flip, I think. That could be wrong, but that's good because now we can actually get some things done. I don't think it's Democrats. I don't really care. Some Republicans are just jerks and some Democrats are clueless just to how it is. But it's better when you have a little bit of division and you can actually get things done. Just true. Just a quick reaction to the news, back to normal. Jesse, is he doing anything? Yes, I love this place. It's awesome. I don't know where you're at, but here it's 76 degrees every day, between 76 and 82. Lucas says, Sam Bakemann Fried was the only person propping up Solana. That's not true. James does it. I'm just kidding, James. Ah, SPF was doing a great job with Solana. That is true. Now what's propping up Solana is that, you know, Lucas is a developer of some sort. You can answer this better than I can, but for Solana to be accepted for Google, Google Cloud Service, and then also they're gonna be using Facebook or Meta. It's gonna be using them for minting and selling NFTs on Instagram. It's pretty big. So that kind of helps. If it wasn't for those two things, I would probably agree with Lucas. Twitter is spicy right now. Twitter's, when is Twitter not spicy? Yeah, James is probably swimming in the back. If James is going live right now, I'd be shocked. I'm pretty sure he's trading like crazy. Simon is saying FDX should launch Kelvin. If everybody doesn't know, Kelvin is the new business model that Celsius is trying to do and it's not gonna work. Here's the thing. I need to play that video. Can I play it? Yeah, let me find something. So I know people will think that Celsius is going to reorganize and that's gonna be like the end all be all and it's gonna be awesome. That's not gonna happen. And it's just, it can't. There was, let's see if I can find this. I can't find it. Shoot, what was it? This was from the Voyager UCC comments. And I cannot, God, sorry my thread is flooded with the FTX issues, which makes sense. I wanna find this one second, everybody. One second. I know where I get it from. Hold on. So listen to this. So like people say, well, Celsius is gonna reorganize and the Celsius token is gonna bring us back. I think that's true. First of all, the American government is not gonna allow it. The Celsius token itself is a security and they're gonna say that, but this is the bigger issue. See, Voyager tried to do the same thing. And they talked to their legal counsel and they said, you're not gonna be able to come back from this. And the reason is because of this. Let me play this video. So this was the Voyager UCC Town Hall about the opportunity for Voyager to come back and just reorganize. And this is one of their legal counsel talking. So just take a listen, let me. Mainly because, yeah, there's always different permutations and different flavors that bankruptcy cases take. But specifically, I think what you're suggesting is that there may have been a way to sort of save the Voyager platform such that we didn't need to liquidate, which agreed. This basically is a liquidation. I mean, FTX is essentially acquiring customers and they happen to also be monetizing the crypto. There's no question there that that's effectively what's happening. The problem with, and this really goes to the standalone plan concept. Some of you may have heard that term being thrown around at the beginning of the case. That was the initial plan that the debtors had filed which basically called for Voyager to continue. What you have to understand, this is public information. You can look it up on every state's website. Voyager did not have the appropriate regulatory licenses that they needed to operate their platform in a number of states. And that is why a number of states, including New York, are investigating the company and probably some of the individuals. I don't know what they're doing exactly. It's the states that will do what they want. But it basically made it so that it would be virtually impossible to reorganize this company because you had a company that was operating illegally. They didn't have the licenses that they need to operate. And once you've already gone down that path, you can't just fix that and get the licenses. The states are gonna come after you. And so from our perspective, from the committee's perspective, there really was no way to sort of save the Voyager platform as you know it today because of this regulatory overhang. That was the big concern. I'm not sure if your Dell example was directed at some other construct, but if it was how we could have used creative crypto organizations like Dallas to sort of save the existing Voyager, it really wouldn't have worked. Okay, does that make sense? No, it makes sense. It makes perfect sense. You basically have another Voyager with states coming after them. Right, right, right. Yeah, well, I mean, what you just highlighted was news to me that they were operating illegally. Yeah, that's it. So again, I think we all know about the cease and desist from the different states here in the U.S. for Celsius and Voyager was right behind them. So people think that Voyager is gonna reorganize and I don't think it's gonna happen. Could be wrong. Let me know in the comments, but that's that. Moving on, what else we have here? Yeah, Gullfer's got the good point. Everyone's in love with Binance till they're the only one left. So yeah, that's how it's gonna be. And unfortunately, I think like again, just depends on like how long before it's a monopoly, how long before they can keep doing whatever they wanna do. These are the questions I asked. And then also now I gotta start using Binance U.S. So whatever, I still use Coinbase. Oh, I think they're still like Gemini. Yeah, you can still use that. Sailboi says, you must watch the Basquiat documentary. I will do that. Yes, RoboGenics. Yeah, thank you. There we go. Where's the reply from CZ? I don't know. SBF Pinocchio. Yeesh. So which one exchange do you trust? Heidi says, that's a great question, Heidi. You know which one I trust? None. And that's why I take all my crypto off. Very simple. I don't trust any of them. I just go for the ones they provide a service. I get to buy my crypto. I get to take the crypto off. Everybody's happy. Mm-hmm. Because James is okay. James is just fine. Look, the price for Solana still is the same. Just went up a little bit and went down. Hello, meme. Nice to see you again. Yeah. Rob followed your rules. Made some nice money on Luna. Yeah, I did too, until I lost everything. I took profits on Luna, but I started to delicose average again and lost all that. Taking out first my original investment. Perfect. Then taking profits. Sounds good as we bounce along. Finally losing a bit of profit as I was traveling when it went wrong. Yeah, I mean too. So again, I can't give you financial advice. This is just the things that I hear that work out pretty well for me. Yeah, I judge as the same thing. Why are we calling SPF the devil when he swallowed his pride and take care of investors but give Alex a pass? Alex literally calls people to take their own lives. Alex literally calls people down. Yeah, exactly. I don't give Alex a, no, not in this channel. Alex Michenski knew what was going on and you can see, let me pull this up. I think I had this question today. Let me find it. This is from Keith at CHAZZONKE. I should follow him. 13 year log, oh wow. 13 year logistician specializing in transportation, analytic analysis, business development, financial strategy. My hobbies are gaming, tech and econ. And this was just today. Cause I asked the question, cause I was asking the question about the Celsius short squeeze. I just don't get it. You know, why are we still doing this short squeeze? This guy, Johann says, dig a little deeper. Robin Michenski, insiders can't sell. Their tokens are locked up in the app. 95% of sell is locked up. Which is true. And then Keith answers it. The short answer is yes. If they withdrew from their platform prior to the freeze, such as these folks, unless we know their address is hard to determine if they did sell. But here's the thing. My question is this. Do you really think, I'm just gonna ask the question, do you really think Alex had no idea that his entire platform was about to implode? We know he already took off $10 million before it crashed. Do you think that he knew a little bit more before those 10 days? Maybe two weeks. Maybe a month. Maybe three months. Again, when he was on my show, two months before the collapse, he said, actually no, no, no. Even before that, he was on Stansbury Research. See, someone's trying to block me. He was asked months ago, what do you think the market is going? He said by the end of 2020, he said by the end of 2022, we're gonna reach all-time highs across the whole board. The market cap's gonna be huge. And everybody's like, what are you talking about? And the reason he had to say that was because he didn't want people doing a run in the bank, taking all their funds out. So if you're gonna tell me that you think that he didn't take more of it off or he didn't know what was going on, you're out of your mind. So again, I asked the question, why is a Celsius short squeeze? And they said, well, we're doing this because to punish the people who are shorting Celsius, which would be the Sand Bakeman Frieze and things like that. Okay, so they did this. They did this multiple times. Where are we? Celsius now ranked 105 for some reason on the why it's even ranked. So look, short squeeze probably right here. So, okay, congratulations, direct everybody. Okay, did it again, went down, maybe did a little bit here. You know, here we are, a little bit pumped here. So my question is, how long are you gonna keep punishing, you know, whoever it is that you're trying to punish? And I said, no, no, you don't understand because we're trying to keep value into the Celsius token and just keep going along and keep that Celsius dream alive. I just showed you why I don't think the Celsius organization is gonna work, which means I don't think the Celsius token is gonna work, which is I still think it's a security moving forward. Again, you guys can do whatever you wanted to do, but I still think you're doing exit liquidity for Moschensky and Co. Moving forward. And then people will say, well, you know, was there that many? Yes. That many addresses. Here's a part of it. And then looking for today's market cap just was listed here between 90, 30% total supply to insiders withdrew from app and had a control of. This doesn't include employees who got except for them. They could have withdrawn early as well. There was another one somewhere around here, which it was going on even before that. And, ah, this one. Keith again, I asked the question, like how long did they know? He said they knew pretty much every leader on the sofa was pulling out at the same time, shuffling in the custody accounts, Reddit withdraws, blue deposits. I've covered the financials fairly extensively. So you're welcome to read my past media covers. Reddit withdrawals. Hold on. Yeah, Reddit withdrawals. Excuse me. This goes back to 2021. Do-do-do. Look at these outliers here. Do-do-do-do-do-do-do-do-do. So just saying. Just, I'm just asking the question. Let me know what you think about that in the comment section. Bobby shouts. Off ramps are disappearing. Exactly, Bobby. This is the thing that does concern me. I mean, you can go to a Bitcoin ATM, but I'm not for sure. Somebody said that you can do it on limited one, on certain ones, but you have to have certain SIM cards. I'm not gonna play that game. Adios meme. Do your thing. So I'll just finish the big comments in Portugal. I guess the outcome must have been flowing. Mastermind. Very good. Hello from Fiatmine in Pennsylvania. Self-custee equals no counterparty risk. That's very true. Meta is using Sol? Yes. They're going to allow, not Meta, but the company that Meta owns, which is Instagram, it's going to allow Solana for NFT minting and selling. And you can check out Meta's Twitter account. I'll show it to you. Joe and Chow, always good question. So the country is shutting Bitcoin miners because of energy crunch is next. Where is the FTT and Sol take a huge dump? I write that Sam came out arrogant and then humble one CZ Binance bailout. All I got to tell you, like Sam Bakeman is not as arrogant, near as arrogant as, who is the lunar founder? That guy. Hi, welcome. Name escapes me for some reason. But I mean, that guy was a real jerk per se on, and he would put it on the Twitter accounts of have fun being poor and those types of things. And Sam wasn't that bad. I didn't see too much of it. But as far as what Jay and Chow are talking about, there is different bills trying to be passed in different parts of the United States for to eliminate Bitcoin miners because of the energy consumption. Now this is a nationwide in the US. This is just select areas. That's about it. Definitely not in Texas. Texas welcomes miners with open arms. I'd like to see some miners here in Puerto Rico. The electricity is super expensive though. And the only way it would work, I think would be solar. We got nothing but sun here, baby. Voyager is not DeFi. Voyager is not DeFi. And maybe meant to say dead DEAD instead of DeFi. Yeah, that is funny. Eric says, funny how FCX won by Voyager and their acquisition now they themselves should be inquired with my hands. Makes you, I think this is a good lesson for everybody, right? Is that as smart as you think you are and as sure as you think you are, I've done this before in the past where I thought that Bitcoin was definitely going 150K. Remember that price prediction? Wrong. Remember a theorem to 10K? Wrong. Remember the VGX token to $30? Wrong, wrong, wrong. I did get a couple. I did, Cardano, I thought I'd go to three, it did. Stayed up, I would go above 10, went to 15s in a minute. But it doesn't matter. However right you think you are, there's always a percentage of you're wrong. And in that situation, you need to hedge your bet and be humble enough to say, raise your hand, say, wow, I was really wrong on that one. I screwed that one up, but I'll try to be better next time and go from there. That's it, it can't be perfect. FTT is dumping hard. Oh yeah, if you got FTT token, sorry. Sorry for you guys. Let's see. I don't like to dance in people's graves, but I'm just curious. It's only down, that's not bad. It's only down 36% in an hour. Wow. All right, now it's 24 hours, excuse me. Whoa, look at this. Holy smokes, today's the eighth, right? Yeah, once that announcement, oh, son of a gun. Once that announcement came out of Pete, and people just started to dump on you. Look at that, the 22 bucks, $15, that's a bummer. That's a good one. I can see the US government investing in Binance because of the city nationality. Lord Smith, FTX US, I think so. I mean, you can still withdraw. I don't know if it's FTX and FTX US in that. That's a good question. Hello, Rob, thanks for this good comment. With all the issues that seem to be finally fragile on their stand, what are your thoughts about Nexo? I don't know, I don't use Nexo. I don't have any ties to it. I don't really know what's going on with that one. All they can say is be cautious of everything. Just like when we saw with Luna and Three Ores Capital, it was a contagion and it started to ripple throughout the entire crypto sphere. So we're on a bear market. We're seeing exchanges become insolvent. So just remember that your favorite exchange or platform is not safe. There's a big difference between the exchanges. Again, the platforms and the crypto projects themselves. Crypto products have nothing to do per se with the centralized exchanges, unless of course it's a utility token like an FTT or a Binance coin or a VGX token. So just be aware. That's all I'm trying to say. Jane's got a good point. For all we know, CZ is having trouble operating the US based on the SEC investigation last year. We're looking to get out, FTX goes to Binance and FTX US will acquire Binance US. Anything is possible. Yeah, it's true. We'll see. Doquan, that's what it was. Couldn't remember his name for some reason. Who's buying Soul? I bought some this morning probably because usually my, it's not true. I have these DCAs that get set off every day or every week, the thing on the crypto. I can't remember which one I did on that one. It shifts. Norman says, Mishinsky must be hard to have on the show and not be mad at him or whatever. He will never be on the show again. Why is Coinbase not working? Don't spread FUD unless it's verified. Hopefully Coinbase is still working. If someone used their Coinbase account until it's working, I don't think I could take another exchange collapsing today. Didn't Witterhint, Texas and Powerstop? Yeah, but that was like a 30 year storm, if they understand and the infrastructure was weak and they shored that up. That's what they say anyhow. So the issue is an electricity. We have tons of solar and wind, natural gas and of course oil, Texas. So the problem wasn't the electricity availability, it was the infrastructure within the electrical grid. And they went to repair that. Looks to be pretty good. And also remember that if there's a big, huge strain on the grid in Texas, the electric companies pay the miners to shut off their rigs and they gladly do it because they get paid for nothing essentially. So that's why Texas is, I think is leading the charge for Bitcoin mining. Breaking news, Ben acquires digital asset news. That would be a horrible acquisition for Ben. Let's see. Did anyone watch Ben's live site last night? I didn't see it. They laid cells at the end of the space. Yeah. Uh-oh, Solana's in a free fall. Da-da-da-da-da-da-da-da Solana. Where'd it go? Oh, there it is. Shoot, it is going down. That's not that bad. Probably want to see what I'm looking at. Solana. Yeah. Remember, $27, oh, it's going even lower, $26.05. That was 25, 73 in the early morning hours. So not a big deal. Let's, when in doubt, zoom out, right? In seven days? Okay, not that good. 14 days. It does look pretty bad. This, so when in doubt, zoom out. And now you have no doubt. Solana's eating concrete. Yeah, it's pretty bad. Oof, let's see, about one year. Oof. Well, okay. Let's do the max. See, that's not so bad. I'm just kidding, it is bad. $255, you wouldn't see that price since July 2021. Interesting. So yeah, oof, that's not going to be good for Solana holders. It's all because of Sam. Here's the big question then. If Solana's going down so much, was there a, how do I word this without people? I'll just say it. So with Solana going down like this, is this because of the problem with the tech? Was there a hack? Did it go down? Again, was there something that's, you know, with upper management? Did, you know, the project itself? No, but one of the biggest backers is just got insolvent. So I guess that would be it. The question then would be, do you still believe in Solana enough to keep buying it now that Sam is out the picture? Is that for you to say, not for me? Finance will get ready out of the U.S. Will that be good for Kraken and Gemini and Coinbase? Bitcoin's gonna blow up 19.4. That's great. Then I can put a tweet out and say, this is your last opportunity to buy Bitcoin below 20K. And like everybody else says, it's so dumb. Ah, VPN's on the U.S. just saying. Yeah, unless you wanna connect your Roku. I tried it that last night, could not do it. Ah, perfect. Kraken, thank you. I appreciate you. Coinbase is working. I just put in three buys. Well, three buys, yeah. Yeah, we'll take your money. Minus fine Coinbase. All right. I have 6K if FTX falls to four bucks. See, it's a ballsy play. Kucoin is good. I like Kucoin. FTT is dumping. Ah, Coinbase is not working. It's having connection issues. Coinbase is fine. Just put 10 bucks in Bitcoin. I guess it depends on where you're at. Coinbase is up and running. Only fans is up and running, that's good. Is the Voyager acquisition still gonna happen? No, probably not. But it depends. Edwin, it's not pretty bad. It's astronomically bad, dude. Is it? Again, is it? You know, be astronomically bad is a nuclear war. You know, be astronomically bad would be a global depression. You know, be astronomically bad is just a meteor speeding for Earth that's gonna wipe us all out. That would be astronomically bad. This is just Tuesday. So, not as bad as I think it is. He's okay, James is all right. I'll send him a text right now if everybody wants to. I think he's okay. He's probably buying up a ton, who knows. Who's buying FTX when it goes to zero? Good question, not me. I never bought it when it was up anyhow. LuxoCat, good one. This Binance FTX situation is only a letter of intent. What if that falls through? Well, if they do diligence, then this is a great point, Luxo. If they do their due diligence and Binance comes out and says, you know what? This is not in our financial best interest. We're gonna pass on this deal. Then you will see a pretty massive drop in the entire crypto market. That's what it is. Maybe Garth Soloway is right again and Bitcoin does go to 3K. Not to scare anybody, but that could be another black swan event. Again, does it really matter in the long run? Was there a double spend on Bitcoin? Was there a hack on Ethereum? No, it's just these stupid exchanges keep screwing things up. Bye-bye, SPFU Democrat. Soloway is still here because of Sam. Who knows if Sam is in trouble? I don't know. No, Garth Mike, my man. I just transferred out around 600 algo from Coinbase to a cold wall. All is fine for now, see? And there you go. 8K will be the lowest for Bitcoin? Yeah, maybe. No, just try Coinbase and got we're having connection issues. Drew Sragorn later. See, this is the thing, if you guys just take your crypto off the exchanges, not as like a panic rush like everybody's doing now, you can be like, like me, just like, well, good thing I did that. Just show up, write uniform, make it work. And that's it. And to finish this up, we've gone over an hour now. This is way too long. Lori's got a good point. It's irresponsible, both CZ and SPF to have this public alteration. We are their customers and they cause us to lose a lot of money. Could be. And that's it. This, I'm gonna end up with this with Tyler. SPF is going into insolvency issues, does not bode well for his, for this proposed crypto legislation. For his legislation, true. Senate will be hard pressed to listen to him now. Not only that, but think about it this way. If FTX does go down and CZ financed, and they say, you know what, if we filled a letter of intent, we thought it was gonna go good, but with the financials, dude, I do diligence and it's awful. Can't do it. It collapses. How fast do you think the government's gonna be like, okay, it's time to regulate. It's time to really crack down these exchanges. I mean, really, really crack down because we've seen Voyager, which state by state, we had cease and assist letters of Voyager. Celsius collapsed. Again, state by state, not all states, but we had a lot of cease and assist letters from the attorney generals. We need to regulate. And if FTX goes down, that's the trifecta, and that's gonna be really bad for this crypto market. Does that mean it's gonna collapse and go to zero? No, for me, just another opportunity because I gotta tell you, as bad as things are, I lived through the 2008, 2007, eight and nine financial collapse and everybody back then thought we were never gonna get out of it, it was gonna be the worst thing ever and we're gonna be in the dark ages. We didn't. Took a time, took two, three years, got out of it, and then we went through what? And then an economic expansion last over a decade. So it's gonna suck for a while. That's true. I will not sugarcoat it, but as time goes on, I'll just be staying on the course and of course, you can be along with me and see what happens. That's it. So look, everybody, we went really long today. Thanks for sticking with me. I appreciate it. If you liked today's video, give it a thumbs up, consider subscribing. A lot of things to talk about are time sensitive as you clearly have figured out. And that's it. So thank you so much, guys. I appreciate it. And I'll see you guys on the next one. Adios. Have a good rest of the day.