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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
Ignition sequence starts 6 5 4 3 2 1 Zero lift off we have a Liftoff hey everybody this is the Digital asset investor and I here's what I'm dealing with I got plumbers upstairs I'm not talking too loud I I don't know What the they got going on but you you Could hear all sorts of noises going on Up there so just get ready okay it's Coming in the meantime let's talk about Our good old buddy Elizabeth Warren and This guy whoever he is my my colleagues And I are investigating how terrorist Groups like Hamas are able to gain Funding using cryptocurrency the US Needs to take action to address this Problem Well what I would be interested in is if She and her colleagues would investigate The cryptocurrency that flowed from FTX To the Ukraine and then back in the Pockets of all of y'all your buddies in Congress that's the investigation I Would like to see but see they're not Really talking about That then of course we had Hester Pierce Who used to be known as crypto mom on This channel but is now known as the Crypto Person at the SEC who could have blown The whistle but did Not join us to talk about crypto Regulation debates over ESG and so much More secd commissioner Hester Pur she is
One of two Republicans among the five SEC Commissioners good morning to you uh Love to get your sense of where you Think uh the state of some of these Regulations around crypto really stand Right now there's been so much Speculation even in the past several Weeks about where uh a Bitcoin ETF uh Might Land There was a moment as you uh I'm sure recall where a report came out Erroneously apparently uh that one would Be approved that would be the the Black Rock uh one but a view that given some Of the things that have happened in Court recently with the SEC losing uh That maybe the SEC is now more open uh To approving one of these types of uh Funds is It well good morning Andrew and I can't I can't say whether or not the the Commission is is ready to approve a Bitcoin exchange traded product I've Been thinking we should approve one for The Last 5 Years so the the logic for Why Havi me U the court case obviously Is is an important factor in the Landscape but um I can't guess as to my Colleagues approach to this topic but The reason I ask is there's a a sort of A speculative fever taking place Throughout Wall Street and other parts Of the crypto world that believe that Given uh those Court uh results or those Loss those losses if you will or
Specifically that one loss that it would Change the um thinking of the other Commissioners at the SEC you spend time With them you talk to them do you see Any shift in terms of that type of Thinking just even generally Speaking I I really can't speak to what We're going to do on the Bitcoin Exchange traded products I can say that Generally the agency has not been very Good when it comes to any thing related To bitcoin or other crypto assets and Look I hope that every day I every day I I hope that they'll wake up and they'll Think you know what we need to take a More productive approach that hasn't Happened yet but I'm of course hoping That it will but should I I I guess the Question is should the public take Anything away so basically I'm going to Say nothing and continue to say nothing And not actually help I'm just going to Say I wish I could help the fact that a Black rock or a Fidelity or somebody of That size scale perhaps Reputation uh is applying for these Things that that somehow is validating Uh this space in a way that perhaps Maybe some of the smaller firms that had Applied uh for such types of funds Earlier uh did Not well I think it's a reflection of The fact that that there are a lot of Firms that think the public is
Interested in these kinds of products Again you know people have to be careful About trying to read the Tea Leaves of What agencies are doing and I'm not Going to I'm not going to contribute to That I'm just going to say that you know Obviously we're seeing more and more Interest from firms in these products And and I hear a lot of interest from uh Investors in these kinds of products as Well okay so a bunch of nothing he he May as well have just interviewed me now I think John Deon lays it out here he Says one of two things one the SEC has Capitulated on the spot Bitcoin ETF an Approval before the end of the year or Certainly before the end of the first Quarter of 2024 is a certainty or this Is what I this is more what I believe or The SEC is Gathering of course it could Be either one but but with Gary's History he says or the SEC is gathering More information during these Discussions to come up with a different Reason for denying the spot ETF thus Creating the greatest head fake rug pull In SEC History um personally I wouldn't put Number two past the SEC or G Gensler in Fact if Larry Fink weren't one the one One of the applicants proponents I would Expect number two but with 10 trillion Assets under management his voice is Pretty loud well that and the fact that
He is the incumbents the the incum Remember this is what this has been About all along is Gary wants the Incumbents to win so the in if he hands The ETF to the incumbents they do win And that's been Gary's Mi Gary's mission From the beginning now this is uh Kathy Wood this is probably an older clip but I wanted to play it for you she got in Bitcoin at 2 $100,000 worth of bitcoin At 250 this ever since we went off you Can see why none of them will will Address the elephants in the room like The fact that the homeland security met With the four Satoshi she can't afford To exchange standard he said I may not It's a rules-based monetary policy Rules-based monary system and I said oh And he said I may not agree with the Rule because he was thinking more in Terms of inflation so you'd want a price Rule as opposed to store of value which Quanti he says but it's okay it's a it's A rule and we need to get back to this And I said to him AR how big could this Be and he said well how big is the US Monetary base now Bitcoin was $250 at That time so it was a roughly a $6 Billion Network value or market capap And I said how he said well he said How's the monitor I said it's $4.5 Trillion he said there's your answer I Said really and I immediately I I put a Lot of money especially our analyst
Chris bernis at the time I know Chris You know Chris um so our analyst uh he Was the one really doing the work on the Paper and hand selected uh um Yas uh Which has made us very happy but he um Your question again I lost that what was Your moment where you realize what You've explain so I I Put I don't think I've ever disclosed This before but I put $100,000 in $250 Yeah I don't know how many Bitcoin that Is uh was that 400 Bitcoin I don't even Know and I wasn't counting at the time All right and then you got this there uh Here's Fred raspo he was on um with Thinking crypto talking about a Potential Ripple SEC Settlement of all these losses for the Future of this lawsuit and the Settlement potentially being in the Works I think the SEC is trying to feel Ripple out as to what they're going to Pay or not pay I think what they're Going to try and do is they've got to do A delicate dance of trying to figure out How to convey we're actually willing to Pay more than we probably should if you Cut this off and we settle this now Totally finally and forever versus the Hardline approach which is you know yeah You've got something on paper right now Tentatively for 770 million-ish plus but We are going to fight that tooth and Nail we're going to get that reduced
That's going to get lowered you know It's it's which track do they want to go Down and I can see the merits to both Tracks there's settlement negotiations I Think that are happening and I think We're gonna get this done sooner rather Than later but we'll just have to See boy I hope he's right um now there's A lot of controversy going on we wait Till you see I I dropped it in my Private group those was a Twitter spaces I guess last night and I recorded a Bunch of it but it's basically around They were all arguing over this Automated Market maker and then well Shoot before I play this I'll play a Clip this guy well I yeah I think I can Play it this guy's accusing one of the Casino coin guys of being in this in a Three-letter agency doesn't have to mean Anything right they probably pulling the Data from somewhere else whatever if I Have a big customer like Ripple I'm Doing an audit for them I would make Sure that all my my public sources Reflect the correct information is this Really a downer I don't think so however It's it's something it's a fat question To ask sorry sorry Daniel that's pretty Much Lord what a sham that was So thanks for thanks very much for that Marketing exp like I mean could you Could you possibly be more employed by The Israeli
Government wow now I am certainly not Saying that anything like that's going On but I'll tell you this I've got TW It's 12 minutes of the most unbelievable I mean this guy is like hitting him with Everything he's got and um and and again I'm not I'm not saying anything about Those the casino coin guys I'm just Saying it was one in it was 12 minutes Of like my mouth wide open listening to This guy telling him that he's in a Three-letter agent I'm like what but I Put all of that in in my members group Folks because it belongs in there but This is the the amm is what got the Arguments started and here's there's a There's a there's voting going on is my Understanding that's not really my bag But here's kind of how about amm for Those who are not familiar with amm Protocols what an amm actually is well Amm uh as briefly mentioned stands for Automated market makers and uh uh am amm Algorithms have been widely adopted in Uh decentralized uh Finance defi uh Exchanges or for Texas uh decentralized Exchanges um different from order book Based exchanges with uh amm you don't Match a buyer and and a seller so when a Trade is is is executed there's there's No buyer seller pair instead on an amm The uh the trade is executed according To a conservation function or what we Call as bonding curve so the price
Between two assets uh is actually Algorithmically determined by this Bonding curve um so in that sense uh When an exchange user comes in and make A trade this person is actually not Trading with the with a so to speak Trading counterparty but instead this Person's trade is trading against uh the So-called liquidity pool and we have uh On the other side of the story we have The liquidity providers who AFF first And foremost p uh put some funds some Liquidity into into a pool a smart Contract pool and based on the state or The balance um of the reserves within The smart contract the conservation Function would automatically calculates What's the what's the next uh what the Exchange rate should be um as such uh With amm you can guarantee some kind of Uh this kind of continuous liquidity so You wouldn't uh and when an exchange User comes in uh he or she would not be Afraid that the order wouldn't be taken Because the order will always be taken Uh continuously the price will be Automatically determined uh by the Bonding curve uh yeah so that's Basically okay and then there was this Little clip also is the upcoming in fact Yesterday we released the amm amendment The automated Market maker based Decentralized exchange and well you Would say there are a lot of amms out
There but this one is not just an amm It's an innovation uh there is an Unprecedented auction mechanism feature That we have include we have in this amm That provides utility to all the Ecosystem participants and it really Solves one of the most critical problem In the amm today and that is the the um Problem of impermanent loss so our Auction mechanism reduces the impact of Impermanent loss which is beneficial for All the ecosystem participants including The liquidity providers the arbitragers As well as the Traders so I'm okay um And just a reminder the rest of this Clip right here it I'm going and I'm Going into the private group now but the Rest of this clip is in there and you're Not going to leave it there's 12 minutes Of like w it it got hot and this Derek Got him I'm not sure who this is but boy Did he go all right I'm the digital Asset investor I'm not an investment Advisor this is for entertainment Purposes only Please Subscribe hit the Like button and tell your friends and Family that these are some treasonous Bastards and they if there's any Goodness left in this country they need To pay thanks for Listening Oh
