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00:29 Fed Meeting February 2023
01:19 This Would Be A Disaster For Bitcoin (FOMC Tomorrow)
02:33 Fed Rate Hike (This Week) Explained
03:41 When Will The Fed Pivot?
05:22 Elon Musk To Integrate Crypto into Twitter (NEW FOOTAGE)
07:34 Bitcoin Mining Difficulty GOING CRAZY
08:10 Why Secret Network (SCRT) Is Crashing?
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We we have to get No more than 25 basis points 50 would be I think a disaster uh we need to get 25 But we also need if you hold Bitcoin or Crypto pay attention the next Federal Reserve meeting is happening this week With the results coming in on Wednesday February 1st where the Federal Reserve Is likely to hike interest rates again Let's talk about what this means to you And me as crypto investors because the Federal Reserve is widely expected to Announce its eighth consecutive rate Hike this week at the policy meeting With this time fed officials likely to Approve a 0.25 percentage Point increase As inflation has started to ease and the Data that your own Powell is always Referencing every month at these Meetings is the latest CPI numbers we Reviewed exactly what this data said two Weeks ago the Bitcoin and crypto Market Is getting wild CPI data today I will Link this down below but we know the Latest report shows that the relation Rate is slowing to now just 6.5 percent Meaning these rate increases the ultra Aggressive seven in a row about to be Eight consecutive rate hikes in a row we Saw all last year in some sense is Working as the United States inflation Rate is seemingly easing no more than 25 Basis points 50 would be I think a Disaster uh we need to get 25 but we
Also need to get the messaging that not Only does the FED see that the That their policy is working but that They are very near the end of their Tightening not oh we have more work to Do I don't think the market will take Those words very well I think 25 basis Points is all they should do uh after by The way we got the December money supply Scott which is as you know something That I look at closely 2022. The slowest lowest growth of the money Supply since the Great Depression of the 1930s now that's something to think About we have the greatest inversion of The treasury yield curve in over 40 Years the most reliable single indicator Of a recession that's something to think About why would the FED want to continue And even increase the inversion of the Yield curve uh that's beyond me so a Federal Reserve rate increase will mean Less money in the system sort of a Suppression on all markets the stock Market the crypto market like we've been Seeing all year all of last year so Nothing new and this is the Fed Essentially incentivizing less money in The system to combat inflation now the Good news is that what the market hates More than a rate increase I would say is Uncertainty because the FED has told us In so many words they've hinted it to Expect a 25 basis point increase and
Because all last year they've been Pretty consistent on doing what they say They're going to do the majority of the Market has likely already priced this 25 Basis point increase in not if things Change if they choose to be more Aggressive and go up 50 basis points Instead of 25 that would be a huge Change from what they've been hinting And the market of course will be forced To react so if they go more than 25 Basis points 50 points 75 points highly Unlikely what the market is pricing in But if they do that would be bearish I Would expect the market to react Negatively now Elon Musk has just issued A new statement about integrating Cryptocurrency with Twitter before I Share that with you I do just want to Urge you as a crypto holder to Understand that even though the FED Seems to be slowing they're getting less Aggressive although still increasing Their rate hikes because right now Despite a consecutive decrease in the Last few months inflation still over six Percent this is the 25 year chart so we Can see that inflation is still at an Outrageous level Jerome Powell has Stated that he needs to see his goal is To see a two percent inflation we get Down to that by the end of this year so Even if we just increase maybe 25 basis Points at this meeting maybe and again
If we look at Uh the CME fed watch tool they are Pricing in 25 basis points this meaning And then one more 25 basis point Increase next meeting even if we see That the FED has hinted that they will Hold the line even if they don't Increase they'll just hold steady as Long as it takes holding rates at such a High level can just as easily break an Economy so to speak send us into a Recession just as easily as Ultra Aggressive rate hikes because holding Rates at this level does still Incentivize money out of the system it Incentivizes saving not spending the Minute Jerome Powell announces a pivot Their lessening rates that tells us that One we we might be entering a recession Officially I would say we're in one now But but the pivot is the ultimate Trend Change macro wise which hopefully we'll See mid to end this year the minute Jerome Powell makes this announcement on Wednesday I'll make a video I'll update You but we'll also look at his dialogue And his rhetoric and what he expects to Happen the rest of the year but while Jerome Powell is working on suppressing Crypto markets Elon Musk has never been More bullish on crypto markets breaking News Twitter has officially started the Regulatory process to add payment Features in the United States Elon Musk
Recently explained there's a role for Crypto in the future it's a no-brainer For Twitter to have payments in both Fiat and crypto here's the latest 90 Second clip So and like I do think there is a role For crypto In the future without speaking to any Big particular crypto coin Um as a means of ensuring that the Monetary system does not get Completely corrupted it essentially it Provides competition to the fiatric System [Music] Becomes um overly restrictive then Crypto will grow like basically the Better that the Fiat system uh works the The less prominent crypto will be and The worst the FPS system becomes the More uh crypto will grow are you Concerned about the moves towards Central Bank digital currencies I I don't think they know what they're Talking about No not really Um a lot of people a lot of people up There as the FTX and the Fallout there Was a ploy to push us toward that Centralization and the digital dollar Ball and flatten its face now Correct well yeah well there's I think They're complaining a few things first Of all all money is almost almost all
Money is digital already Um the the Fiat monetary system for Practical purposes consists of a series Of heterogeneous mainframes running uh Antiquated Cobalt that's the actual Money system by the way it's kind of Embarrassing [Music] Some rickety mainframes running ancient Kobo Um and running and doing everything in Batch mode Um that's the actual monetary stuff you Got monitoring system and and where the Banks create some their own Cryptocurrencies I think it's so much Irrelevant people will use the Cryptocurrencies that they think will Accrue value over time and not use the Ones that don't and speaking of network Use Bitcoin mining difficulty again hits A new all-time high the Network's Difficulty jumped another 4.68 on Sunday So bitcoin's hash rate is on an absolute Tear right now not only is the absolute Value at all time Highs but this is also The most aggressive 30-day increase ever So the network has never been stronger The support globally has never been Bigger and even though price right now Is in chop validation as it's been for Months more miners than ever are Actively aggressively trying to Accumulate at these levels
And many of you have been asking me to Cover this this was huge altcoin news on Twitter the secret Network which is a Privacy focused blockchain Quentin Tarantino launched nfts on secret Kevin Smith filmmaker launched nfts on secret Secret Network validator shuts down Nodes after leadership turmoil so an Internal conflict at the Privacy focused Seeker network has resulted in at least One validator thrown in the towel so What was this conflict the move comes Amid Revelations by secret Labs founder Guy regarding the secret foundation's Financial transparency On January 28th their founder guy made Public allegations that the foundation And its founder and CEO Tor Blair sold a Substantial amount of USD worth of Secret in late 2021 so he sold a bunch Of the token and didn't disclose he says This action was not disclosed in any Financial reports provided to the Community by the foundation which was Introduced by Tor as a non-profit Organization on several occasions so I Do like that the founder of the project Himself was The Whistleblower he found Out and he told the community of course This is a bad look for Secret in general But I'm glad this is coming to light and Tor Blair did Issue his own statement Saying that the withdrawals the money Was part of his share of vested tokens
This information is verifiable in our 2021 tax filing so the secret Network Blockchain keeps ticking will this Affect other node artists or directors Like in Tarantino like a Kevin Smith to Launch in the future we'll see like Always see you tomorrow
