 What visual asset news that could top stories in crypto and bring it on bite-sized pieces today? Just the thumbnail suggests this is going to be the catalyst to push Bitcoin to its all-time high as accrued upon by JP Morgan, Twitter CEO Jack Dorsey, and Michael Saylor with Michael Strategy. And that thing is hyperinflation but really comes down to it's just good old fear. So we'll take a look at what's going on there. Also the El Salvador IMF deal, which is going to be pushed about by Bitcoin. There was also a second Bitcoin ETF launch on Friday. Totally missed that so we're going to explore those options. And then lastly we'll talk about the reason why Chainlink is pumping is because the Associated Press is running a node now on Chainlink. So we'll take a look at all those things plus more but let's take a look at what's going on the market shall we? So today's pretty good day. It's Saturday. We had a little bit of a pullback on Friday with the Bitcoin ETF by ProShares but still solid. Market cap is above $2.5 trillion. Bitcoin price is $61,000. We keep bouncing off that $60,000 mark. And also some of that money that was flowing into Bitcoin and reached all the way to $67,000, it found its way into alts. And over the last 24 hours, I mean we've seen some pretty good price action. Ethereum went down a little bit, $4,000 but Binance Coin over the last 24 hours up a little bit, Cardano not so much, Polkadot a little bit here and there. And then Uniswap up a little bit, Chainlink up with the news, Litecoin up, Shiba Inu for whatever reason and so on and so forth. So over the last 24 hours for alts, not too bad. And there were some real big winners but the thing that I was looking at was this was the Bito, BITO that's a ticker name for this ETF. And we can see just tracking how things have been going. It started off with a bang and it was one of the highest traded ETFs of all time, the first, the second one. And it exceeded expectations and it started pretty well around 40, jumped all the way up to 42, 43. And then this was on the 20th of October. And then we just had a little bit of a slide after the first day and we opened up a little bit, then a trade a little bit lower, one little bit sideways. And then we ended up again sideways, then we opened up again on Friday, went down again, a little bit more of a dip here. And now we're below the initial price of the $40. So that's what's going on with the ETF. Me personally, I didn't think it was that big of a deal, but people put a big emphasis on it. So I was like, okay, but in all honesty, I don't really care about paper Bitcoin. I just don't. I care about a spot ETF. I care about us holding Bitcoin, the real physical one, but I don't really care so much about this. The only thing this is good for is exposure. And it's good to get it out there so people can go, well, the SEC approved it and they wouldn't lie to us. So it must be good. So on top of that, I also want to take a look at some charts, just a chart, I should say. I'm not a chartist as everybody knows, but I like to see this one thing and James always talks about this at invest answers and he sees just how the Bitcoin price is gobbled up at certain points. And it seems to me like that point is actually the $60,000 mark. And we can see it right here. We've been just kind of bouncing on this channel as far as the Bollinger bands right around 60,000. Everything just gets gobbled up even down here, even though it dips a little bit lower, we went sideways and even this candle here, this is today, 23 October. And we can see it just kind of went down to here and it was immediately got bought up and the bulls are like, no, it's not going to happen. And now we're, we're trading this very, it's very tight pattern. The RSI is right in the center. It's not overbought, oversold. And then the MACD, you can see there's a little bit changes here, but I just, I think we're going to trade in this channel for quite some time until this catalyst goes about. And what is that catalyst? Well, that brings me to our first story. Hyperinflation and good old fear. Look, I know people don't really talk about it, but fear is a, it's a great motivator. It works out pretty well and it gets people to do things that normally they wouldn't do. And this is what I'm talking about. So this was a pretty good article over a lot of things. So hyperinflation project Dorsey of Twitter CEO says this is going to change everything. Here's what's going on. Inflation is gradually kicking around the world. And some people say it's because of the lax monetary policy of the federal reserve and quantitative easing, which is just a bunch of, which a fancy word for money printing. And to, to make this point a little bit clearer, here's what we have as far as the purchasing power of the dollar. I know you've seen me trot this out every so often, but look, you can understand since the seventies, the purchasing power has just gone down and down and down. And the inverse is true as far as money printing. And down here as a little note to remind myself as of February 10th, 2021, there was 2.05 trillion worth of federal reserve notes circulation because they keep printing. And I know they, they're printing a lot more. So, and that was just in February. So if we can see the purchasing power goes down, well, why, well, why wouldn't it? We just keep throwing in money. So at some point, either they're going to have to raise the rates, taxes have to come in, or they're going to have to get these tricks or stop them, or they can just print to oblivion and we'll see what happens. I think it's either deflation or hyperinflation. One was two is going to be just awful. And then to prove my point just a little bit more, let's take it out to 1913. You can see that when your grandparents talked about how the dollar went far, they could buy like a car with a nickel. Well, they were right because back in the day, they could. And now of course today, this is in 2013 for Pete's Sakes. We've only got that. And then make this even more clear or simplify it. If you just take like a $20 bill in the 20s, you can buy a bunch of stuff for that, right? And then going forward, you can't buy too much. And I'm here in Puerto Rico, I can tell you right now, 20 bucks doesn't go anywhere with the taxes and the shipping and everything else. It doesn't buy squat. And of course, Bitcoin is the inverse true. Over the last so many years, one Bitcoin in 2011 couldn't buy anything. And then in 2017, it could have bought you, well, a mid-sized car, we'd say. And in 2021, who knows what it's going to do. So the inversion is happening here as far as the dollar and Bitcoin. But to get back to the article itself, to beat inflation, many experts and investors have advised investing in assets such as gold, silver, and of course Bitcoin. I am also investing into real estate. And also, I've been investing into art through masterworks where they do fractionalized share of artwork. There's again, link in the description. You can check that out because it's an uncorrelated asset. I like that part. And this was the big thing. In January 2021, the United States inflation rate was about 1.4%. 1.4%. I don't think it's true, but okay. But currently staggering around 5.4%. I still don't believe that's true. And you can talk to a bunch of different experts. There's one thing that two experts can agree on. And that is that the third one doesn't know what they're talking about. But in all honesty, if you take a look, if you just listen to some people around there, they think it's around 8%, 9%. Some people say as high as 13% inflation rate. And this is Charlie Bielow, or Baleo, excuse me. And he talks about inflation expectations in the US to rise even higher. So I don't believe that we're at 5.4%. I think it's much higher than that. And then also some concerning news. Data from Trading Economics reveals that G20 countries are also seeing a spike in inflation. Argentina, Canada, Germany, Spain, and many others. And we're going to see that again. I don't know if these are totally accurate, but it does show us that everybody's going up. On the right side, you got 3.3 for Spain. Now it's 4, 3.9 for Germany, 4.1. The one that's doing pretty good is India. It was 5.3. Now it's 4.35. So good for India. And then Turkey, Argentina. Jesus, crime and Christmas. That's a lot. And then Jack Dorsey here says, look, hyperinflation is going to change everything. It's happening. And I think we can see those all around. Just go to the grocery store. Go try doing kind of renovations. Go try to buy goods and services. And you can see it right away. I just saw a report that they're going to raise Social Security. I think it was like $5,000 or $6,000. And people are like, they're so happy. I'm like, don't be happy. That doesn't buy anything. I mean, it helps, but just the dollar's just getting weaker. Anyhow, to finish this up, Peter Thiel, the founder of PayPal, says he wish he would have purchased more Bitcoin. I feel like I've been underinvested in it. Bitcoin is the canary in the coal mine. It's the most honest market we have in the country. And it's telling us that this decrepit regime is just about to blow up. And if you believe some stories about Peter Thiel, he's been doing a lot of interesting things. One of those being that he led Silicon Valley's elite to buy doomsday bunkers in New Zealand. Just a story from Business Insider. I mean, the guy is a billionaire. So why wouldn't he do things like that? And I think that when you have something like that, you can see what could potentially happen. These are the worst case scenarios. Do I think the world's going to crash and burn an end? Not personally, I don't know. I know some of you do. Leave me your notes in the comments section. But I mean, there is a pretty big crash coming up if we keep doing the same things we do. So that's why I've invested into a range of assets and crypto being one of the biggest ones. And then lastly, this is from JP Morgan. We believe the perception of Bitcoin as a better inflation hedge than gold is the main reason for the current upswing, triggering a shift away from gold ETFs in the Bitcoin fund since September. And this was the whole reasoning behind what they talked about as far as why Bitcoins price went up. They didn't think it was the ETF at all. It's just the fear of hyperinflation and what is going on with the Federal Reserve as they continue to print and print and print. And I have to tell you, it scares me as well. So that's what we have for that article. I think as time goes on and people start seeing the same things happening, I think people will start to see more about cryptocurrency, digital assets, mostly Bitcoin, probably even Ethereum, and get out of that as their flight to safety. Anyhow, let me know what you think about that in the comment section. Let's go on to our next piece of this El Salvador IMF deal. This one was interesting. And it's why I wasn't really excited about the ETF, but I kind of was excited. And this was one of the reasons. So El Salvador aligns 1.3 billion IMF loan by using Bitcoin adoption to even the odds. So the list Rodriguez El Salvador central bank head, a late fears of the country's decision to adopt Bitcoin as legal tender may hinder the approval of a 1.3 billion loan from the IMF. And that's what they're all trying to do. They're like, look, yeah, we won against your advice, but your advice kind of sucked. And it actually worked out pretty well for us. And he says, look, we don't see any risks, perhaps upside risks. We've explained openly the IMF for us, Chivo, which is their app, which all the El Salvadorians are using to transfer and pay for things in Bitcoin. And Bitcoin is simply a payment method. El Salvador is banking on the increased Bitcoin usage in the country with President Bukeli saying that more than a third of citizens have begun using the asset as currency. The deal with the IMF is of importance to the debt-ridden country. It opens a door to international markets in 2022. So here's the thing. When I see this, it's important that the ETF works. It's important that the price of cryptocurrency, mostly Bitcoin, goes up because then when the IMF kind of looks at it and goes, okay, and I know there's a whole host of a slew of information behind all this of why they would not approve it or why they would, I get that the IMF is the IMF. But if we can just kind of show them a little bit, like, look, we know you're not on board with Bitcoin. We know your reasons. We know you're pushing your CBDC agenda. But look, we're just using it as like use of payment because the old way sucks and it's awful. And with the remittance payments and actually the transaction fees are eating us alive and we can't get out of debt. So just let us use just this Bitcoin, just this thing here, and we can also move on. Also, I think it's a good thing that they do this and they relay the information that, hey, we use Bitcoin, we know you guys don't want to, but look what it did for us. And this was, just so you know, that El Salvador bought Bitcoin on September 6th, September 7th, and also on September 20th. And when you break it down to that, they've got, this is Bitcoin Treasuries, or by Bitcoin world, the Bitcoin Treasuries. And you can see right here that as far as the countries go, you've got El Salvador at 700 right here. So when we take a look at that and we just break it down as the, as the, what they did as far as how they're, how they're doing and how they're making out. So they bought on the 6th, the Bitcoin price was 51,000. They bought 400. So if you take, you know, 51,000 times 400, that was around almost 20 million, 20.4 million somewhere around there. They bought some on September 7th. And this was a pretty ballsy move, honestly, by Bokehle. He, they bought on the 6th, it was 51,000. And then it dipped like crazy. And he said, Hey, we're going to buy the dip. And they did it. They, they bought the dip 43,150 Bitcoin at six, almost 6.5 million. Then it dipped again, September 20th. Remember these sweet days? They bought it again at 45,150. So the Bitcoin price today is, let's just say, I like round numbers, not that smart, 61,000. So if we take that and look at the difference, that's, they just made $4 million and she's like a month, month, something like that. Yeah. And let's just extrapolate that all the way down for the other two time points. So yeah, so if we take this in a month, they went 45678, almost they made like $9 million just on their great investment, as opposed to putting into the US dollar, which doesn't appreciate, which is hyperinflating potentially, and it is not doing much good. And especially with those remittance fees that they are getting charged with. So in all honesty, if the IMF takes a look at it and says, well, and again, yes, you're, Rob, you're so naive to think the IMF, I get it, I get it. But if they really take a look at it and just go look, it's just for payments. This is what we're doing. And it's actually a good hedge against advance going on. Makes sense to me. So this could be, again, I hope this is a, I hope things don't go well. I hope the people who in El Salvador, they're holding on to Bitcoin a little bit. And of course they have to transfer it over and, you know, pay for the things they have to, but really rooting for this one. And hopefully it'll show the IMF and the SEC that, hey, well, we're here to stay. So just keep approving the things that will allow us to grow. Anyhow, let me know what you think about that in the comments section. Let's move on to our second to last. We'll finish up with two good stories. Second BT, second Bitcoin ETF launch on Friday. This was a Valkyrie. Probably missed it. No idea what this was, but apparently Valkyrie launches the second ever Bitcoin futures ETF. Would have been, of course they wanted to be first, but they weren't. But hey, they got in their second. The Valkyrie Bitcoin strategy, as known as BT, BTF. I think it's BTFD, which I think we all know what that stands for by the F and dip, which began training today, today on the NASDAQ and as the second Bitcoin futures ETF to launch this week. The launch marks the second time ever that the SEC has approved an ETF focused solely on crypto, even adjacently via the futures markets. Issues have been falling since 2013, which is why I didn't think it was going to get approved. But we've got this one, and then we've got Banak coming on, I think next week or November, something correct me in the comments, but I know Banak's got approved. They're just waiting for the date to go on. So if we take a look at this, the ticker is BTF, how did everything do? Well, not so good. They started off pretty well around 25 somewhere on there, then just kind of slid down, traded sideways, and then started off around 2430. So still down from its all-time high, but again, it's a futures ETF. It's paper Bitcoin. I don't really care about it. I want it to do well. But again, I just am more interested in the spot ETF like most people are and what we can buy and hold because it's hard to manipulate that. I mean, it still gets done, but not as easy as this futures stuff. Anyhow, that's what we got. And then lastly, we'll finish up with a little good news, Chainlink and Associated Press. I actually stole this from George with a CryptoZoras because I was watching his stream today and I was like, oh, I should talk about that. So if you listen to George, you already know this one, but I thought it was a big news. I'm glad for Chainlink, probably because I own it and I'm super biased on this channel. I usually just talk about all the things that I own. That's just the truth. But here's what we got. Associated Press plans to launch Chainlink Node to publish data. So Chainlink Tech is the ideal way. This was actually a quote from the director of blockchain and data licensing, Dwayne. I'm not going to try it. So Chainlink Technology is the ideal way to provide smart contract developers anywhere in the world with direct on-demand access to APs, trusted economic, sports, and race call data. And that's from the director of Associated Press. The Associated Press said its primary reason for the shift to blockchain was trust, and that the on-chain data provided would be a publicly accessible, safe, and secure record of verified information that DAPS and smart contract users can tap into. And that's the big story. And I think it's a great story for Chainlink because that, of course, will drive the price up. But the other thing is it's amazing. It's good to me to see this because we have a real big problem with news not being real. And some people will say it's fake news. Some people will say it's just inaccurate news. And so if in some way we can try to vet out some of these news stories, I'm like, that's not real. Or that is that. And they can do something like that with the Associated Press as it's on the blockchain. There is some way that developers could kind of use AI to say, this is not real information. This is not right compared to something else. This is a win-win. And of course, win, of course, that's Associated Press comes in. So look, that is it for today. There's a lot of stuff going on, but it's a big day in the market. My big interest is what's going to happen on Monday, but we'll see. Also, catch us over on the DCA show. It's me, George Krippers-Arras and James The Best Dancers. That'll be tomorrow, Sunday at, I think, 1130 Central, 1230 Eastern, so on and so forth. But that is it. So look, if you liked today's show, give it a thumbs up. That helps tremendously. Also consider subscribing. Everything we talk about are time sensitive and things are going to start moving rapidly. So if you want to subscribe, this would be a good time to do so. Anyhow, that's it for today. Thanks so much. I appreciate it. And I'll see you on the next one.