 Welcome digital asset news take a top stories and crypto and break them down into bite-sized pieces So today just the thumbnail suggests there is a rumble in the digital jungle and what's going on It's going to be a certain gold bug doing a debate against Alex Machinsky from Celsius I gotta tell you this is a perfect time for the gold bug as the market is dropping. So we're gonna talk about that We're also gonna talk about how Celsius is absolutely crushing it and the things are they're doing which is they're going to do a decentralized exchange Near free swaps and also some pretty big things coming on the pipe I'll take a look at the decentralized exchange for Cardano called Sunday swap and How I am not going to be a stake pull operator in it and why that actually happened and lastly We'll talk about how the mooch is pushing Bitcoin. So we're getting all that stuff But first there's two things you need to go over first the market and second of all that this is a Sponsored video. This is a sponsored video. We don't do too many of these. So when I do it I'm kind of excited and I just won't let you know it's sponsored by Celsius because they reach out to me after yesterday's video and said hey you want to talk about that that debate going down I was like, yes, I would and also would you like to talk about these other things that are going on? Absolutely, so this is a sponsored post by Celsius. Don't do them too much, but I'm glad to have them on board So let's first take a look at what's going on into the market. So today it is Wednesday the 18th I think and the mark cap is took a little tumble. I'll be honest They had 2.58 trillion somewhere on there Bitcoin price had been hitting that 60k mark and There have been some people pushing it pushing it pushing it as far as that 60k But if you keep hitting that that level support so many times eventually the floor gets weakened and it drops out So now we're at 59 five. Can we hit plan B's? projected Bitcoin price of 98k by the end of November who knows it's crypto just stick around you don't like the price It'll change and that's what we have and then over Last I don't know 24 hours or so. We've seen a little bit of a decline throw out everything around here No big losers avalanche is up 13 percent. It's pretty good crypto commas up 13 crypto comm just signed a Multi-year deal to rename the staple center for the Los Angeles sports arena to the crypto comm center They paid like I think 400 million dollars. First of all who uses staples anymore. I don't know if that's even open But besides that, I mean crypto comm is just going gangster just by getting all this information Out and just promoting and promoting putting that's good for the whole space. So good for crypto comm I should have picked up more though when I had a chance, but hey, you can't win them all and Also, just real quick as far as like on-chain analysis We can take a look at crypto quant Yes, that video will be out with me and the CEO went over on-chain analysis training I'll have it out. Hopefully today and We don't see too many miners selling off the exchange reserve keeps declining So people are taking their Bitcoin off of the exchanges. There was a massive outflow of Ethereum and I know some people said well, that's just cracking just moving things around. I'm like really cracking took off over 15 million one and a half million Ethereum Where they where do I don't know where it went to but that's where we've got enough even take a look at the hour and really break This down we can see that I mean it still continues to decrease now We're at 15.4 million as far as what is on the exchanges as far as Ethereum and just a yesterday We had over 17.6 million So I know some people said oh, but you understand because people are putting Ethereum back on the exchange I'm like that's not what this is talking about. This is the exchange reserve This is how much Ethereum is being taken out of the Market out of the exchange itself and we've seen a huge dip of people just taking it off And then of course if you want to say that it's cracking taken off Okay, but I mean if they took it off and in one end where do they put it? It should be back in their other wallets, but that's not what the data is showing us but could be wrong let me know what you think about in the comment section and Also take her by volume you again. We keep seeing that that 60k mark There's some whales people whatever you want to do. They're still trying to keep it at 60k That seems to be like like the bottom and then of course. This is the big one the leverage ratio and when we start to see a lot of leverage plays as far as like At this 0.2 level. That's all-time highs and we are pretty much and break this down by the hour We are pretty much at an all-time high as far as Leverage plays we can see right here. Actually, no, we just came down So if we take a look at leverage plays people longing and shorting Bitcoin This is on coin glass calm You can take a look at the shorts and the longs for every different exchange out there You've got people are shorting pretty heavy 52% just depends bit max 60% are going long. What are the other ones cracking? 78.9% people going long. I stand corrected. Look at that. So you gotta understand this in These in these markets when people do one specific thing way too much Like if people go way too long then you're gonna see a bunch of shorts and people short too much then just too Appetizing for people to come in there and whales come in there and just like oh, yeah I'm gonna liquidate you because I'm gonna go short. It just depends on what whatever you want to do So that is what is going on in the markets. Let me just think about that in the comments section Let's move on to the big piece which is the rumble and I'm looking forward to this. I must admit This is going on today at 3 p.m. Eastern Sanit time. There's the gold bug in the left then there's machenski and there is hosted by Michelle McCory from Kitco news and This is up right now. I tried to show it yesterday, but they didn't have it up So I'm gonna link this in the description of the video where it's gonna be live and you can you can submit your questions everything else which I will definitely be doing and This for me. I'm in Puerto Rico. So this will be 4 p.m. My time. So we've got I got like four hours or so But yeah, I can't wait to see what's going on. I have to tell you this Plays pretty well into the gold bugs favor because we just saw a pretty massive dip So he's gonna be talking about how there's this huge dip and it's a bubble and it's a bubble But you have to remember one thing The price of gold so if we take a look at the price of gold over the last 10 years Pretty much the same. I don't think it's really even keeping up with inflation now You can go back 20 or 30 years and yes, you could have made a killing But you had to wait for 30 years to do it So look don't get mad at me if you are a big gold like I own gold and I own silver I love it. There's no problem with it But I'm saying why can't you just open up and say, you know what? Maybe Bitcoin might be a good thing, especially with what has happened over the last I don't know 10 years as well because I can't even go back that far and coin get go This is in 2013. It was 120 bucks and now we're at yeah We took a dip But if you zoom out still looking pretty good and then even if you take a look at gold and like well It's store value store of value You still got to deal with inflation and if that is between 7 and 15 percent 15 percent is what people think of that at the Upper level 7 percent is pretty much the government thinks It's not keeping up with inflation. So I don't know where that store value narrative comes from They're all gonna say it's often in the distance So I'm curious to see how this all plays out and again, I cannot wait for this to actually happen So let me know what you think about where this is gonna go I will be there waiting patiently in the wings and we'll see how this debate all plays out interesting stuff also Because Celsius is a great sponsor thanks Celsius just so you know they have swaps coming up So you can do all the different swaps that you want to do Bitcoin for Ethereum the theorem for mana Anything you really want to do and it's for a very low-cost if not free So they're doing that also they've got these Celsius decks coming up. Yeah the centralized exchange. That's pretty great So I think Celsius doing the right thing. That's why I think some of that the tokens for Celsius looking pretty good and lastly just so you know Promo codes so if you have an account all you got to do is go to enter a promo code You put in whatever code that you want Confirm it and that's what you got to do and there's a bunch of them. You can transfer $100 worth of with a Bitcoin in you get $10 transfer 25,000 you get 500 you can do it with Binance coin cardano USDC and so on and so forth Also, if you don't have the Celsius app, I do I use all the time I've been using it for loans for the different properties. I've been purchasing here in Puerto Rico works out great Just go to the exchange of wall fees as a link in the description looks just like this and from there You can sign up. It says $20 here, but I think it could be more. I think it's like 35 or 45 now I'm not for sure. I gotta update this but the affiliate link short works just fine If you don't want to use the affiliate link, that's fine. Just go right to Celsius Hopefully you get the right one and don't get scammed, but you just won't get that that bonus So it's all up to you and that's what we have as far as the rumble the rumble the digital jungle and Celsius crushing it now the last two things which It's interesting nuances, but this is what happens. So Sunday swap is The decentralized exchange launching on Cardano They had a vote for who they wanted it to be for their stake pull operators because D news There's a bunch of information right there Is is a stake pull operator for your card on or Ada We threw our hat in the ring and said, yeah, we'd like to do that Now you had to vote for it and all he had to do was just transfer a specific amount within your exchange or within your wall Excuse me and it would vote for you and here's the winners that came up and you I want you to notice one thing Let me blow this up so you can see it This is how I did it. So you'll see on the on the Left-hand side rank one through 30 because they only took the top 30 then it says Ada voted 135 million 42 1041 but the votes were 134 So what does that mean that means that really what this came down to was this and that is when it says here How is my vote counted this one right in the center right here? How is my how is my vote counted? Your voting power is the amount of Ada controlled by the stake address which voted the start of epic 302 So even if We had a lot of people vote which we did and You can see us down here on the wait list D news had the seventh most amount of individuals vote for D news So I want to say first of all, thank you. I really appreciate you taking the time voting for D news You know taking just taking the effort just to say, okay I'm gonna transfer this very small amount within my wallet doesn't cost me that much just the transaction fee and I'll vote for D news Thank you. I mean that was great. I blown away, but so we had 737 individuals vote for us and If we were just going by that number we'd be number seven as far as rank. Yay. However, it doesn't work like that It works like this this one wave 7 sky and sky 2 they had 134 votes and they got a hundred thirty five million forty two thousand Ada power what that means is that roughly everyone these votes had a million Ada and That's a bummer. So that's that's something else. I mean, I will say this though Crypto capital ventures they had 2384 votes thirty five forty seven for ITC and then Paul had a ton 1307 and They don't have like super big pools, but they just had a lot of people vote for them But these ones right here they had a lot of whales and if you got a lot of a lot of Ada power That's really what happens and here on the waitlist. So we did not make it was a good try But that's how it goes now Sunday swap has not released the official Numbers yet. This is just was compiled by an individual so which you could check on the blockchain So we'll see how it all works out and maybe they come back and say no We're gonna do it something differently, but that's how it stands right now. Let me know what you think that was a Great way to do things as far as voting or what you thought anyhow, that'll be interesting in the comment section Which leads us to our last point. This is a good one the mooch Andrew scuramucci Comes out and says Bitcoin's going to 500,000. What the heck is going on this? I thought was pretty interesting and it made a lot of sense when he started talking about Kathy Wood from ARC investments so Scary moochie pretty much just said look Kathy Wood is correct And if you say he believes if ARC invest CEO Kathy would is correct and there are a billion wallets at the end of 2024 Into the middle of 2025. He expects that these coins will easily trade at 500,000 per coin remember you don't even have enough Bitcoin for every millionaire in our society to earn one coin and I just want to show you one little snippet Talking about a billion wallets This is the internet and crypto adoption and if you can take a look here that green Green is internet users So and then the blue line of course is crypto users and right now we are if you want to talk about You know the crypto adoption people actually using it. It's we're pretty darn early if you take a look at it like this as opposed to where The internet is now and where crypto could be in the next four years or so So if we compare that we're actually in 1998 internet bill and the next two three years We could be close to that Billion mark if it maintains that trajectory which it looks like it is doing right now So when mooch here talks about hey, I think we could reach 500,000 with with a billion wallets because of what Kathy Wood says I was kind of skeptical, but then when I saw this I'm like that makes a heck of a lot of sense I'll go for that and then to finish this up in September would double down or 500k Bitcoin price prediction says if we are right and Companies continue to diversify their cash into something like Bitcoin Institutional investors start allocating 5% of their funds into Bitcoin or the crypto We believe the price will be about half a million dollars JP Morgan said there's only 49 million millionaires based on US dollar fiat currency If that is true, there's only 49 million millionaires in the US alone That's not enough for every one of them to be a whole coin or so. Let's see how that works out anyhow That is what is going on with today's market. So look if you made all the way in I want to say thanks I appreciate it and everybody else I got to say again. Thanks so much for voting That was those huge I appreciate you taking the time just hey sometimes cards Don't land the way we want to but that is it for today So if you like today's video got a little value give it a thumbs out give it a like consider subscribing a lot of things are coming Out fast and furious. We'll see how it all goes, but that's it for today. So thanks so much. I appreciate it And I'll see you in the next one