So, oh food, three, two one stop the wreckage. Oh brother. What is going on hey? What's going on everyone very very excited to talk to you about crypto today, because we do have the final results. Let's say of powell talking with the senate this morning, lots of important information to go over there.

That will clearly have an impact on crypto, even a little bit of commentary related to stable coins, and then we also have some developments with citadel and some new investors. There that will relate to the world of crypto. We have to talk a little bit about some scams and then i have some like just little individual news headlines that i want to share with all of you and then i do have an announcement update for all of you regarding crypto cores and all that good Stuff, so that will be at the end but overall, as you're about to see crypto's starting to turn green starting to turn green and before i get into the reasons of why and everything, let me switch over to here, as you can see, green green green. If you take a look at the overall charts starting to bounce, i'm on the four hours starting to see this all turn around and if you're wondering how you can get a piece of that action check out.

Uh ftx acquired block folio check it out, pin to the top of chat. It's awesome. I've now been kind of getting underway with it. I love love love the ui, so i kind of like this ftx.

They also have their own like pro version, but check it out if you're on block folio for as much as you trade, you get a little bit of a bonus there and then also for their ftx pro you're gon na get like really really good transit. Uh transaction rates i mean compared to something like voyager. I know people have been complaining about like the wide spreads. Are they in the us not in the us, so something just worthwhile to check into.

But anyway, yesterday, when we looked at this, the market cap was around 1.8 billion, uh 1.9 billion, so we're up 100 billion. So we're almost we're here below that two billion dollar mark very, very, very nice, we're starting to see that bounce back round and that's exactly why you're seeing green green, green, green, green, so much green, literally the opposite of yesterday, where we saw so much red red Red red red so uh very excited to see this and i'm sure that all of us are enjoying a little bit of a relieve bounce in our crypto portfolios over the past week. Yes, there is still some red, so the short time frame over the past day, mainly because of what was said with pal and him still kind of being dovish and accommodative to the overall market, particularly high growth you're, seeing the bounce in the short time frame, and Hopefully, the momentum can continue where all these bubbles really go green for us. So here's what you need to know about what happened this morning and what to be prepared for for the remainder of this week.

All this stuff is incredibly important. Watch fed chair jerome powell testify so this happened at 10 am this morning, and this was his like opening statement. The federal reserve works for all americans, we know our decisions matter to every person, family, business and community across the country. I am committed to making those decisions with objectivity, integrity and impartiality based on the best available evidence and in the long-term standing tradition of monetary policy in dependence.

Well, he didn't say anything about him: gaslighting, the public on the word transitory, or anything like that. This is just one of those classic things that it all sounds really good like. It sounds really good like something that was written up by. I don't know some fancy schmancy copywriter, but in reality the important information is what is about to follow.

So his first comment - this is from powell this morning, when the senate was growing him, we probably remain in an era of very low interest rates. So this is interesting, uh, no pun intended as we're talking about interest rates because we're seeing a slew of information. Jpmorgan goldman, even some of the signaling from the federal reserve itself of raising interest rates, potentially three to four hikes this calendar year. Now you might be watching this and why does that matter to crypto? Well it matters because remember crypto in the risk curve.

It's it's risky, like crypto, is considered a higher risk asset class and higher risk asset classes, get a money inflow when things are super accommodative, when the market is being pretty dovish when money is cheap, all those things and that's exactly where we were this past year. Well, that's fair, then, to question of like: is it going to remain like that if things go a little bit more hawkish where it's not as much quantitative easing? In fact, we might have some quantitative tightening so with this. The fact that we're seeing a very low interest rate that says that, like you know we, the economy still has some room to improve, so we're going to stay a little bit dovish and that's exactly why crypto in the short term is reacting positively, because the more Dovish they are, that means more money stays in high growth options, so that's probably the main thing to take away, but there are some other important things that i want to share with all of you. So this is kind of new balance sheet is far above where it needs to be.

So if we take a look at the fomc meeting minutes, if you don't know what those are basically they i don't know similar to like when we were in school when they have these meetings. There's someone who takes all the notes, like the notes of the key things that were discussed in the most recent set of notes, they kind of talked about a new thing, so we knew tapering was coming. We knew that interest rate hikes were coming, but the thing that we thought was going to get pushed off for a bit all related to a balance sheet. Runoff aka balance sheet normalization, whatever you want to call, it doesn't really matter.

It's all the same thing that was very hawkish and it was a surprise. It was a surprisingly hawkish statement, conversation all of that and they kind of confirmed it here. He said: okay yeah, it's far above where it needs to be it's something to consider, but then he calmed people down. By saying this, we haven't made any decisions regarding balance sheet reduction.

We will talk about it again at the january meeting, so people are worried that in this talk, they're like yeah, no inflation is high. Just so you know one of the main inflationary, i guess metrics the cpi consumer price index that comes out tomorrow before the market opens 8 30 a.m on wednesday january 12th and then on thursday, the 13th we get the producer price index. So basically, we understand the inflation of the month of december for consumers, like you and me, and then also producers on thursday. So those are two very important metrics that the federal reserve is 100 looking into and considering so there was some concern that they're, like okay.

In the senate meeting is pal, basically just gon na double triple quadruple down on this concept of like yeah. No, we are actually going to do this balance sheet normalization as fast as we possibly can that's signaling being super hawkish and coming back to what we said earlier. That would mean money outflowing from high growth, higher risk asset classes such as crypto also well described by the nasdaq 100. Finally - and this one doesn't really relate to what we were just saying, but it is an interesting development.

Nonetheless, stable coins could coexist with a central bank digital currency, so this upcoming calendar year in the world of crypto. I think we're going to get more legal developments as it relates to stable coins, and particularly, i think, the howie tests and its interaction with ripple xrp and then in the world of stocks. I think we're going to get a lot of arguments and fighting with payment for order flow. I think all three of those things are going to be well discussed and well documented things throughout this next calendar year, but anyway, really summing up what we saw from the federal reserve today.

Pretty positive wall street bounces as tech stocks rise after powell's testimony, so crypto and tech stocks are going to be intimately tied together. So if you see the queues, the nasdaq 100 ripping higher and higher and higher, there's a good chance that crypto will, because both of those are considered to be that higher growth higher risk asset class. So these honestly, you could probably use them interchangeably you shouldn't, but like there there's enough of an overlap that they're going to be moving in a overall, similar direction. So, thus far today we're getting out unscathed.

Things, as i said, are looking pretty good we're seeing a lot of green. The queues are looking good, but remember we're getting that report tomorrow morning. 8. 30 a.m.

The cpi is coming in now. The things to pay attention to that is. If inflation is higher than expected, that's not good. That's not bueno be prepared for red volatility to the downside.

If vol, if the inflation comes in at expectation or colder than expected, that's going to be a good thing and look for things to rip higher and higher and higher. So those are kind of the expectations. I don't know what the number's gon na be. It's literally gon na it's the flip of a coin: either we're gon na beat or we're not gon na, be we're gon na find out once again, 8 30 pay attention to that.

If it comes in too hot, i'm expecting things to go down. If it comes in at expectations or a little bit cold, those are probably both good developments and i'd look for things to continue higher and higher and higher so moving on that's kind of the setup. But now i want to go over some interesting developments. Billionaire investor bill miller now has 50 percent of his personal wealth in bitcoin.

You know i feel like every day. Every other day we have another big wig, rich person who's like yeah, i kind of like. What's going on with crypto and they're investing, i mean for a billionaire to put half of his personal wealth into bitcoin. To me i mean that's, not the kind of guy who just does it on a fomo, a fomo.

I guess, like emotional decision, that that's someone who's probably talked to a lot of people in the know about. What's going on so for him to do that, i mean to me: that's some very bullish, signaling as a little bit of a word of warning. Just so you know there's a new scam going around and i guess, as when everyone's anyone's listening to me, i always figure. I should call this out to the audience, because i think it's going to be good ftc issues, public warning about new crypto atm scam.

So just so you know it involves the ftc, the federal trade commission. The scam has three key components: in impersonator qr code and crypto atms. The fraudsters are pretending to be public officials, law enforcement agents or employees with local utility companies. The impostors also utilize dating apps and pretend to be potential romantic partners and call victims to announce when you've won a prize.

So hey for anyone listening. I don't want anyone to get scammed. There's these scams. If you look at any of the comments on rumble or on youtube on twitter on reddit, there's always crypto scams, hey! What's at me, what's up like do this! Do that join this discord, join this telegram, be careful of crypto scrims, they run rampant and it breaks my heart when anyone does get scammed.

So it's one of those things if it sounds too good to be true, it is and also remember when it comes to any government they're not asking you to pay them in crypto that just doesn't really make sense. So, just a little bit of a word of warning there and moving on crypto scams are the top threat to investors by far says security regulators, so even the regulators are starting to pick up on the fact that these scams are running rampant. So just please please. Please, please be careful now i do want to talk about one interesting story that i discussed this morning.

I want to bring it up now, just because paradigm itself very much does relate to crypto. That's a vc firm, that's backing a bunch of crypto sequoia is a huge vc firm that is responsible for bringing many many companies public. I talked about this this morning. I wanted to bring it up just because paradigm now getting in bed with citadel securities, which means in a certain way or another.

There are now going to be crypto companies that are going to be getting into bed with citadel securities. So i thought i should call it out, but i will go into more detail in the afternoon stream following this one just because the the intersection is so wild. So we know paradigm deals with crypto. We know.

Sequoia is right here involved with robin hood, and we know robin hood's getting into crypto and then citadel securities is like the center of all this. I almost feel like uh, charlie, dane always stunning from philadelphia. I feel like i need to get that red twine and like tie and be like this connection to this connection without like feeling so crazy, but it is kind of nuts. This was back in january, uh, right after they took away the buy button, i'm referring to robinhood and sequoia just felt the need.

We did not pressure robinhood to halt the training of any socks. This rumor is completely false, a little bit sus, but anyway, the story line is paradigm and sequoia. Two massive vc firms to invest over 1 billion in citadel securities, that's kind of crazy. That is definitely kind of crazy, especially in world of crypto.

Not that long ago, ken griffin was basically saying that, like crypto was like an american, basically so a little bit of an interesting development there, and then i just found this to be super sus from sequoia itself, but moving on, let's do a little bit of a Rapid fire before we get to all the questions of just some interesting developments, so this came from fidelity. We see a second country buying bitcoin in 2022.. You know, i mean we know. El salvador did adopt it as its local currency in this past year.

I think this upcoming year there are going to be other countries. Even el salvador said that they're like we think other countries are following. I think the first one up to back could very well be turkey. They are currently battling a hyper-inflationary environment and people who have the local currency.

They don't want to see their net worth just drop because of the currency that they're in so to me. Uh, turkey's libra, like might be kind of going to the wayside, and they might be picking up some crypto in the short term uh. On top of that binance, the ceo we're confident that one billion plus people will start using crypto. In 2022.

I mean there's over seven billion people on this planet and the opportunity, then not only bitcoin but crypto in general, really offers uh. I honestly think this might be an underestimation, maybe not for 2022, but by the end of the decade. I think the ubiquitous nature of crypto will be very, very widespread in terms of sports, we're always getting these developments um with a lot of celebrities and athletes. But here's the newest one klay thompson did take part of his salary and bitcoin starting um, stating that bitcoin is the future of money.

I know there's been some nfl players that do this. I know that kevin durant got associated with crypto. We know that stephen curry did we know just like the golden state. I believe their jerseys are going to get sponsored.

We know that the staples center in l.a there's just so many ties between crypto and athletes, celebrities right now so just another one. To add to the list there i've been talking about this so so much, but i think this upcoming year might get a little rocky, depending on interest rates and inflation in the fed for crypto in general. But i do believe one field that will do exceedingly well. Exceedingly well is what i'm referring to as the new age of nfts and its intersection with gaming, and i just also think that you can't really have that without the metaverse, but check this out.

Nft's had a trading volume of 19.6 billion dollars last year, new nft marketplaces could take on open seas dominance this year, so openc dominates to the tune of 95 plus percentage of the nft volume, but there are a lot of new competitors. We've been discussing game stops kind of step into the world, trying to build out an nft marketplace. Ftx's has been used by a whole nother other list of celebrities, that's definitely gaining some steam. I think there's room to share like i think open seas.

Revenue will actually grow, but i think their market share is going to go down just because i think the field itself is going to continue to explode and i think then there's other ones who offer a lot of um. I guess products that demand some respect, so i think we're going to continue to see growth there, but this number 19.6 billion in 2021 with nfts. I think, by the time we get to the end of the year. It's going to be even more.

I think this is just going to continue to grow and grow and grow. I mean you're, seeing billions of just vcs like to me. The writing is very obviously on the wall that this is where we're trending, uh, socially, culturally, and also from a technology base. So much financial opportunities being represented right now, i'm more of a sad note, bitcoin magazine, it's a twitter account.

I recommend that everyone pay attention to and follow they're huge. They also have a youtube channel similar to me. In the past. They were banned, uh our youtube, with 60 000 followers just got banned, mid live stream with no warning deleted.

This is nuts. This has happened to me in the past multiple times, and this is exactly why shout out to everyone who's, paying attention on rumble right now. This is exactly why i am now officially multi-streaming on rumble twitch and on youtube more than happy to, because with rumble it's a guarantee that the moon gangs, community, our voice will not be silenced. The crypto cores is community.

Our voice will not be silenced. More than happy to do that, because it's just you're we're talking about markets, and you should always try to be mitigating risk simply being on youtube. The risk is way too high, i'm still on youtube, but i just don't want to take on the risk of the fact that i could just randomly get banned again or similar to bitcoin magazine it it's just too silly and so right now. Why would i not be on multiple platforms, especially when there seems to be a particular attack on if the fact that you're not mainstream media, but if you're talking about markets, whether crypto or stocks uh, they obviously don't like it, they in terms of especially live streaming.

The only ones that they seem to be particularly supportive of are gamers, but as soon as you're talking about markets when you're talking about insider trading when you're talking about any of the insidious manipulation. That's surprisingly, right when things start to lag like that's right, when you start to get warnings, it happens all the time i mean last week, every single video i posted the ads were actually limited, like all of a sudden they're like nope. This does not meet or like advertiser criteria. You cannot run ads on this video.

That was almost every single video of last week and i think the week before every single one was limited and then you ask why and they're like? Oh sorry, we made a mistake and then you're like well you're, making a lot of mistakes back to back to back, and i honestly think, if youtube particularly keeps trading treating their creators in that manner. There's going to be more and more people like me who are like hey, you know what more than happy to multi-stream to twitch, to rumble where you're just not worried about your voice being silenced. One final thing i have for you before: i um turn it over for some questions, so i've noticed that on this channel there it just - i don't want to prompt confusion, and i love crypto. I've talked about crypto for a year and now i'm more excited about talking about crypto than ever.

Simply because we know amc and jimmy are specifically in crypto and beyond that. Even if amc and jimmy weren't crypto represents such a cool opportunity not only for civilization, but also for your pockets, so i am not gon na stop talking about crypto, but my more, i guess, serious tone about really trying to get into crypto and teach what i Know about it and learn with all of you. It has prompted some confusion so because of that, i figure hey, not everyone who likes stocks likes crypto, not everyone who likes crypto like stock. Of course there is some cross pollination, but because of it, i'm just trying to like really get down on this confusion.

I went to the community and i asked you to vote. Do you want me to spin off crypto content as a separate channel now, if you're on rumble or twitch, you have to absolutely not worry about this at all. You can tune me out if you're on twitch, if you're on rumble everything will be as normal, but if you do enjoy youtube the most we just spun up crypto cores literally minutes ago. You could be within the first 100 subscribers um, so basically for the remainder of this week, we will be rocking with the normal crypto show right here on, like the crypto course channel or not.

Excuse me the mat course channel, but then, starting next week, all crypto related content will be separated in terms of youtube right here, but once again on rumble on twitch. You have to do absolutely nothing, however you're watching it right now is how you will be able to watch it next week, but in terms of youtube we are going to spin over to this channel. So let me just drop hang on. How do i even get this uh i'll? Give you this url, because i'm assuming since it's brand new, you won't be able to find it just so.

You know so here i'll post, that right there boom i'll post this right here boom and then i'll also get it onto twitch. So i just posted it in uh. We posted it in the chat of both uh there we go and one more right here. So if you are a crypto enthusiast uh, this is the place for you to be and what's kind of cool about it is.

I will be asking you: what do you guys want? Do you want me to do interviews? Do you want me to do vods? Do you want me to do live streams? Do you want me to do some sort of mixture of the three but uh just with this i'll, definitely be a little bit more active on like kind of the community tabs, and i just kind of want to create the content that all of you have the Most interest in, if you want to talk about dows, we could do that. If you want to talk about nfts, we could do that if you want to talk about metaverse, if you want to talk about meme coins that are exploding for me, it's just so it's so much fun. Let's see, i see everyone's already like how many we're already up to 137. That's awesome so anyway i'll be reminding you of this for the remainder of the week i'll try to make some sort of intro video today or tomorrow.

Just so there's some sort of content. Actually up there, but i just my goal is to cut down on the confusion. I know a lot of people come in here and they're like well hang on. Is he talking about socks on this because it's on his normal channel, so that type of thing? So this will be more obviously of a crypto, specific community and um all very specific to youtube.

Once again, if you're on rumble, if you're on twitch, you don't have to do a thing, because it's all going to come through on the exact same way that you're already watching it as we speak. So with all that being said, let's hop back over to the bubbles. I just like the bubbles, it's the most enjoyable one to watch, but we have a couple more minutes and uh more than happy to. Let's get some of these questions flowing.

I saw some already came through on rumble: hey matt ftx isn't available in my area of us. What are your thoughts on other options wanted to find a combo of exchange wallet that will work with a cold wallet. Eg, ledger, um, so a ledger. A cold wallet will be independent.

You just basically have to plug it in so as long as you own it somewhere in your hot wallet, you'll be able to send it over because, like you plug it into your computer um, so that shouldn't be really a problem, but i'm very confused. Ftx isn't available in my so with ftx, there's two different ones: they have ftx us which is equivalent to like say coinbase pro, and then they have block folio, which is probably equivalent to uh. Let's say robin hood: weeble voyager, like more of a phone app um right now. I just made my account on both of them.

I'm a big fan, very big fan of their ui. I think that's the most impressive thing, but then for people who are particularly worried about the costs and like also the spreads being a little bit wide, especially on something such as like, coinbase or voyager. That's where i think, ftx really shines, if you're looking for something to buy this dip or if you just want to see check it out both of them. It's pinned to the top of chat you can find those links and whatever the bonus is because there's different sign up bonuses for the two um.

You could check those out. Hey matt cut your satima sai tama. I think i'm saying it right. Saitama, am i saying it right? Did i finally figure it out saitama? I need either a thumbs up or a thumbs down, but i think my brain finally understood it.

Saitama saitama, i think i'm nailing it saitama. I think i am anyway. Um would love to have you on my channel for a saitama live stream this week, ugame just sent you a dm okay, ryan yeah i'll follow up. I think you said on twitter, so i'll make sure to look on twitter for that.

Oh look at all those thumbs up. Look at it. I finally did it this is, that has to be a good sign, saitama, that for it to finally click in. That's that's bullish.

That's a bullish signal for sure totally a bullish signal all right. What other uh questions do we have right now? What other questions all right shout out, ryan all right got the dm. I will, or you said, on twitter. Thank you.

Thank you all right and uh. Just to give you a little bit of it doesn't look like. There's many questions coming through uh today, the nft. Well, this is just like a crypto channel, we'll be talking about nfts metaverse.

We could do interviews with people um, but i can one here. Let me paste this again. It's right there um, so i just threw it into chat and let me once again throw it okay, it's already in the rumble chat just so everyone knows what is good, um and you'll know it's this one by the cool cyborg ape that we just had the Designer whip up - actually i really like this ape. This is big fan of this artwork um big fan of it, but just so you know it doesn't look.

Many questions are coming through so uh in the afternoon stream in the power hour stream. We will be talking about the dumpster fire of a situation that robin hood has found itself in, and we will also be diving more into the paradigm sequoia. I guess like investment into citadel, what that does and what that doesn't mean. So those will be the hot topics of discussion uh that we have going in the power hour stream love you bro, thanks for all your hard work shout out.

I appreciate that uh super. That's super nice of you. When does the amc nft come out, some of them have already been coming out. We have some of the spider-man ones.

We have the investor ones like they've already had like uh i i guess it depends on the specific one we're already up to 200. Someone said: that's wild 216.. This thing's cruising cruising cruising cruising any crypto games we'll be talking about that. I think we'll kick it off with axi, but the explosion in gaming, i think, will be fun.

Um, actually really really fun uh. So that will i mean that's something i'm personally interested in and i hope there is interest among all of you just because i would love to talk about some of these pay to play paid to play. Games all right. Sweet, sweet, sweet, awesome.

Well, that is it for today's crypto core stream uh remember for this week. We will finish it up, but then, starting next week, the crypto specific content will be kind of uh, segmented off, just to hopefully cut down on some of the confusion that we have right now, but, as always, i truly appreciate your support. Thank you. Thank you.

Thank you i'll catch you in the power hour stream and as always from me, and share best of luck in the markets. You.