 So before we start I will just like to say this and that is that I do not like doing price predictions. I feel like it gives people a false sense of security especially when we talk about what the price could potentially be and people kind of hang their hat on it and say well This is what it has to be because somebody said it now I think moving forward a lot of us realize how ridiculous that is but just take this with a grain of salt because some of these price predictions are Seriously crazy outlandish, but some are quite reasonable and we're gonna go over to what I would consider reasonable And why the outlandish ones could potentially make it but there's a lot of things to actually go through So but the first thing As we go through the markets, especially in These bearish times it seems like nothing ever is going to go our way things just chop sideways things bleed off and we have a problem with that and It feels like nothing's going to to rise and inversely when we are into a bullish market We think the same thing. Well, things will never go down It's gonna be awesome forever and it's just gonna keep going up and that's pretty much it And we can see this in the fear and greed index and you can tell like once we get into like extreme fear as The price has to drop off the planet You can just see that people like it'll never go up Then it goes up and people get a little bit hopeful a little bit spirited and then it gets this green point where you know The score is like Extreme extreme greed and people like it's never going down and it does that So right now we are as this is saying and look into Bitcoin. We are neutral I think it's a good time to give a little perspective and in reality For our market really what it is if we take a look at the trend line is That this is the fair market of value on the red the red horizon the red axis And we just see that for the majority of the time For the total crypto market. We are either above or below the fair market value It's not very stable and we see things that just go up and go crazy And we go below that but we're never really at this this red point for a fair market of value That's just the way it is So when we take a look at these these prices just again take things with a grain of salt and this was the Bitcoin price This is from my crypto crunch app. You can follow them. I think they have an account on Twitter, but this is on Instagram I don't really use Instagram that much, but these are the price predictions. They have Accumulated across the board and there's some that are just I think quite honestly ridiculous I mean a million dollars in 2024 for Kathy Wood All right, Mike Novogratz half a million Tim Draper's been saying 250,000 forever He said this is gonna happen last year and he's like well, maybe one more year And then we got Tom Lee who was up like a perma bull And I remember him all the way back when I first got in 2017 And he was saying that Bitcoin is gonna go into a million something crazy like that And then we have the things that are a little bit more somewhat realistic Robert Kiyosaki at him back All both at a hundred K and then the ones that I think are the most reasonable are the lower parts Jamie Diamond and JP Morgan and Arthur Hayes at 45 and 70 K respectively. So How can we quantify that? How can we take a look at it and see well? Is there anywhere that they could be you know in the ballpark? Well, it's quite easy. We take a look a little bit at the past and first of all just so you know the Bitcoin having is Little over 200 days away and time moves fast and before you know it This is gonna be less than a hundred days and see less than 30 days before you know it the Bitcoin having will actually be here The date itself is roughly April 17th 2024 So I know we think that you know things are really you know far away, but they're actually quite not So what I want to do is I want to take a look at again for your cycles Take a look back and I want to see We're gonna take a look at the last two cycles We're gonna take a look at the price of the having during those years and the havings happened on 2016 Happen in 2020 will action that happened 2012 as well the 2016 2020 and of course then 2024 And we're gonna take that and we're gonna see what the prices of the having years were as compared To the previous cycles all-time high So for 2016 we're gonna take a look at 2013 and for 2020 We're gonna take a look 2017 and that's where we can kind of take a look at where things are going so first things first The last or two cycles ago the all-time high Look at these prices. First of all, can you imagine this imagine this in? 2013 the price of Bitcoin was a hundred bucks 111 $106 somewhere around there. This was during the all-time high year went from a hundred and 10 X Just a little bit over a thousand dollars. It's okay. We have a thousand dollars That was the last or the two cycles previously in 2013 for the all-time high well, how did the The having year do well in all honesty was not a bad year in 2016 We were rough at the very beginning we're at 430 $430 so think of it this way You had an all-time high of the last cycle around a thousand so it was a little bit less than half We'll say roughly 40% right four hundred thirty dollars somewhere around there and from there To go all the way up it hit roughly the all-time high again Roughly a thousand dollars 966, but you know just splitting here is 971 and that was the all-time high for the having in 2016 previous cycle it was roughly a thousand and What's interesting to me is that roughly 40% of What it was for the all-time high now let's move forward here. We are in 2017 The all-time high for that was twenty thousand look at this We started with a thousand dollars roughly right after the 2016 We hit the all-time high or for the previous one 2013 and 20 X not a bad not a bad year Not a bad year to go into things and if we take a look here in 2020 Again, I find it interesting because Roughly a little bit more than half we'll say 40% 35% somewhere around there Because the previous all-time high was roughly 20,000 now we're looking at 7,000 So is a little bit less than half 35% 40% somewhere around there Correct me in the comments for the for the math mode off. I'm sure what we can see here for 2020 It went from 7,000 and this is the having year all the way up to Really a hundred fifty percent of what we were previously so in 2017 we had 20,000 the having year for the next cycle $28,000 so When we take a look at it And we see well, where can we potentially go for the next one because in 2024? Is it within the realm of possibility that we could actually go from the all-time high up? So what was the all-time high last cycle last cycle the all-time high? That's not right That's right roughly sixty seven thousand dollars Sixty seven thousand dollars pretty good year. I would say I would say So if we can take a look at the last two cycles again in 2016 It hit its all-time high at the end of the year For the previous cycle a thousand If we go over here, we actually went one and a half times 28,000 so in 2024 if we think about it in In 2024 For the last two cycles. I mean Jamie Diamond and JP Morgan. I could potentially be undershooting But again, these are all price predictions and nobody knows no one's got a crystal ball It's ridiculous to even think of it, but if we take a look at the last two cycles Arthur Hayes is pretty much Could be on point with Adam back and Robert Kiyosaki because remember one and a half times so it's either going to be a If I had to put if I had to be a gambler, which I kind of am some in crypto I would say Arthur Hayes is pretty good on for seventy thousand taking a look at 2016 and 2020 which was the previous all-time high, which is what we were at before 67 68,000 some around there's a 70,000 and of course the last one it was one and a half times So 70 one and a half using a quick math That's roughly a hundred and a hundred K and it sounds ridiculous when I first took a look at some like that first of all Like Robert Kiyosaki. I loved his books and things like that That's he's one of the reasons why I got into real estate, but I only saw this hundred K with Adam back I was like, there's no way there's no way that it could actually hit that in 2024 because why because we're on this trajectory right now Where everything's kind of chopping sideways and it's boring. We just don't believe anything Whereas opposed to you know, it's things go up so I can see how These four gentlemen could potentially be right now having said all that remember this When I started to do these price predictions beforehand in 2020 I thought it was a lock that Bitcoin gets 100k and it didn't didn't get near that 67,000 was it So take this with a grain of salt however If we take a look at Some of the big players Tom Lee Tim and Mike and Kathy. Where do they get these things? Where could this actually actually happen? Well If you think about it Our market cap is 1.1 trillion. I think we topped out around 3.3 trillion And if we just have some kind of allocation of other funds We could do pretty well it could go up to five trillion six trillion seven trillion this this little square right here is worth a hundred billion Here's Sam bankman freed March 22. He's worth 26 billion today. Actually, he's worth zero case in prison So this is actually from 2022 Actually, that's not true even though he's in prison. He's still got a bunch of our money, right? Well, I didn't use FTX, but it was one of the ones that actually avoided and Then back in back in the day in 2022. This was in November 28 2022 cryptos were 760 billion Currency here 8 trillion gold 12 trillion. Maybe if we could just I don't know shave off like Half a trillion there or so as people like they think themselves. Maybe I should diversify central bank balance sheets 28 trillion S&P 500 which I think people get disillusioned now with S&P 500 because I mean the annual Returns between 8 and 10% Maybe a that 36 trillion that is sloshing around in stocks. Maybe people go, you know what? just because you know black rocks and the institutions are coming in and fidelity and people like that and Maybe we should allocate a little bit more to the crypto market Global money supply 49 trillion stock markets 208 trillion and global debt 300 trillion Global real estate which is collapsing in China right now 326 trillion dollars Dish Household wealth 463 trillion again That's a lot of money. So all these things on derivatives 600 trillion something like that. So all this money right here if it could Actually find its way into Bitcoin and the greater Crypto market, I think we do quite well also on top of that pension funds I don't know if you've seen this. I don't think I've ever showed this to you guys But I mean if we had a bunch of I mean pension funds They have problems all the time Whether that be a solid or not So maybe if they take some of that and invest into something that like black rocks as hey, this is not a bad idea As far as the spot ETF that ever gets approved We're gonna see that like in America I'm not just America. Here we are for I mean Japan the government pension and investment fund of Japan is 1.7 trillion You gotta be kidding me. It's a lot Calpers thrift savings plan 774 that's all that's over 1.2 trillion as well Calster's rent 13 billion Norway 1.4 trillion. Maybe I mean all these ones Just imagine all these all of this. This is over 20 trillion dollars. I think it's over 30 trillion a matter of fact If we take something like this And they allocate a little bit to crypto-nigel assets, especially the big ones I think it actually quite do quite well and then lastly I know people will say well This is a lot of hope and this is kind of ridiculous and it might be you know, but at some point we have to kind of Broaden our focus to see what's really going on out there and just To see what could potentially be does this mean that this is gonna happen or we're not gonna see some major dips coming up No, and we actually talked about this yesterday And it was actually a very bullish. It was a very wasn't bullish. It was very positive Video that I put out and we took a look at if you right now are stressed out About your particular if your dollar cost averaging or investing I showed you like here's a way to take the stress out of and we took a look at Again, historically and we took a look at a lot of alts Ethereum Cardano, doge doge Solana polka dot polygon chain link near Everything you've promised think of I mean the top 30 or so 35 And just see like you can do this you can dynamic DCA you can do lump sum you can wait You can sit on the sidelines and there was a lot of data to show to take some stress out So I highly encourage you to take a look at that And then move forward anyhow that concludes it for that piece Let me know what you think about that in the comment section and to speak about alts There was a story that just came out which talked about how Ethereum is not is now inflationary and how awful it is and you know over the last 30 days It's been pretty awful as far as inflationary. There's a website called ultrasound dot money and as Ethereum transition from proof of work to proof of stake over a year ago now Yeah, you can see that the there actually is inflationary But that was the title of the stories about 30 days and it's inflationary But if we really rewind time and take a look at this well, not an hour. That's kind of But the last day Last day last 24 hours. They've had an increase of 1300 ETH. All right The last seven days man 6000 ETH slot, which I had some of that The last 30 days there almost 14,000 increase inflationary For Ethereum and we can see here, but I don't need to hear this little line here. It was deflationary for a bit But let's keep going the last year or so Three hundred seventy days It was inflationary in the beginning, but we can see here that Since February 2nd, it's been pretty massively deflationary as opposed to proof of work of what it was and You know if we go way way back We can see that There's a little bit of deflationary aspects to it But again, if you take a look at the story just like the third days, you're like, well, it is pretty inflationary So that's it. So on that one and we can know so you can also simulate the proof of work How bad it would be? We aren't too bad So that would I think a theorem will do. Okay, and then lastly just so everybody knows I get in questions about this Sweatcoin which is what I've been talking about for over a year now and the reason why is because I invested heavily into it And I'm super biased. I think we all know that's on this channel, right? So the launch was actually extended To October 17th and just so everybody knows Well, first of all, there's a link in the description Which talks about what sweat coin is and download and things like that I've been talking about this for about a year or so And it's one of those those projects that's been it's been a web 2 for over seven years I believe 140 million downloads. I think it has over 20 million downloads in web 3 itself and NFT token all that stuff, but when I was talking about it, it was a free app I'll skip that version. It's a free app to actually use and if you would have done this for a year A thousand steps would equal one sweat coin right now one sweat coin is worth less than a penny though And I think it topped out of like seven cents, but it'll probably go up in the next bull run But if you just would have downloaded the app and walked on it and done nothing You would have a decent amount of sweat coins on there because right now in September It went from a thousand steps to forty five hundred and that's gonna go to fifty five hundred and this is gonna be deflationary It's deflationary right now So on top of that they would give away a Tesla Model Y and then the thing that I wanted to To always bring up is this I know we always look at like this number go up if number goes up It's awesome if number goes down. It's awful That's not the way that we should look at things I mean look at pet bitcoin look at a lot of meme coins that are out there They do absolutely nothing but numbers went up and people thought it was awesome. It's not I Don't think so. Maybe I'm wrong But really what we should take a look at is unique active wallets the fees that are generated Who's using it developers? There's a website like to use DAP radar And you can see that some of these like kai ching. We talked about this as far as E-commerce and what they're using over there If we scroll down Sweat economy is number 16 And as far as the balance of what it's got actually got locked on it's 22 million Man, I'd be a lot for for some people think of this way pancake swap is 58 million locked up Second live is an app or is a is a game Pancake swap version 3 270 million so I mean For that an unique active wallets 38,000 in the last week or so Plus 12% these are the things that we should be looking at as far as like your people using it or not so just so you know because This is actually gonna happen on 70 in October if you're in the United States all those what coin did you have? you'll be able to transfer them over and Use within the app for real world value of funds So that is it for today Actually, you know what that's not it for today. Let me do this something like this. I got to show you something The app here's the sweat coin app because if you scroll down here See right there convert sweat coins to crypto. You got a you opt in if you're in America Countdown has begun now right now right next sweat for sweat coin Opt in and just put your email right there Dan I'll do that later So I'll put that in and then it'll just notify you so you can quick cover everything over I think I like about this as you actually use it. So look all this stuff Like I don't know what you're using but this stuff actually Where's one I wanted to get? The alpha brain 10 sweat coins. That's not bad. I got 7,000. What else they got? Was that a stone? I don't know what lingo pie is pixie mini power bank a Bluetooth speaker now whatever so that's it for the app itself And that's it for today. So look like today's video give it a thumbs up consider subscribing I'm gonna talk about his time sensitive as usual, but that concludes the news part You