so I think that's why it's all coming to a head this week I mean to me it's it's a very important week cuz we know you it's hard to catch a falling knife as you're pointing out support levels are being broken markets around the world are crashing including crypto they called this a falling knife so if the knife is falling and you want you're you like catching falling knives I know you so the question is at what point do you catch the said knife the question is do we keep dipping or is now the time to buy comment your opinion below curious to see see what you think I think a lot of this depends on whether Financial conditions in the US start to tighten so many experts right now are calling for emergency rate Cuts this may surprise me I'm calling for 75 basis point emergency cut in the FED funds rate with another 75 basis point cut indicated for next month at the September meeting and that's minimum let's say the JP came out and before September an emergency meeting he comes out and he lowers the rate does the market rip or does the market say oh my goodness it's worse than we even thought I'll tell you I think that there is mass manipulation going on right now you think that we're going further south on this Market don't you I do Stewart last night at around 12:05 if you follow astrology the uh Mercury is in retrograde mainstream media is not reporting what really caused this crash we will that's why you subscribe for daily videos keeping you informed on everything going on in crypto so what really caused this crash to happen it wasn't Satoshi every time something like this happens I always see the uninformed saying Satoshi wallets are active Satoshi is selling and while we do see old wallets reactivated from time to time Satoshi Nakamoto is not selling his coins and it isn't Black Rock everybody is saying that these ethereum ETFs have been a failure black rock is pulled out black rock is selling that's not the case I see value in having an ethereum ETF as I said these are just start stepping stones towards tokenization and I I really do believe this is where we're going to be going the ethereum ETFs have been less successful than Bitcoin but they are still some of the most successful ETFs in history they are approved and that's significant because they are approved ethereum like Bitcoin has entered in to a new paradigm I was a skeptic yes I you know I was a proud skeptic and I studied it learned about it and I came away saying I believe Bitcoin is legitimate so Black Rock isn't selling quite the contrary Black Rock hasn't sold a single sat Black Rock Fidelity Grace scale not even Michael sailor has sold on this dip onchain data confirms this amazing the class of buyers in these ETFs they buy and then they hold kamla and Joe are not cracking down they haven't really signaled any change from their previous stance we do know Kamala seems more interested in being more fair than Joe on crypto but we'll see I can imagine what can be and be unburdened by what has been so no these two are not the reason for today's dip Donald Trump is not the reason for today's dip the most famous man in the world says he in fact wants to support crypto for too long our government has violated the cardinal rule that every bitcoiner Knows by heart never sell your Bitcoin right never sell your Bitcoin and so as the final part of my plan today I am announcing that if I am elected it will be the policy of my Administration United States of America to keep 100% of all the Bitcoin the US government currently holds or acquires into the future we'll keep 100% the fact is the mainstream media is presenting you with many boogeymen right now most aren't getting it right the real reason crypto markets are crashing are as follows and make sure you follow for daily Market updates today's dip was caused by number one the Japanese stock market crash the Japanese stock market just suffered the big biggest single one-day drop in years since 1987 the only reason why the Japanese Market has up so strongly in the last two years is because the Japanese y has been very very weak once it reverses you got to get out right and I think they're all getting out right now as a result of that so an indication of whether the Japanese stock market is going to do well or not it's just looking at the Yen and today you have the Yen falling down to what one appreciating to 146 which basically means that there is still a lot more pressure on the Japanese stock market unfortunately this has reverberating consequences that we're seeing throughout the world what else caused today's crash war in the Middle East Iran is threatening War Israel is threatening War bombing two schools Israeli officials are bracing for potential attack from Iran in retaliation for recent assassinations of the top Hezbollah and Hamas leaders the attack could reportedly come as early as today and in fact there are rumors that BB netanyahu's cabinet is revolting on him so uous times in the Middle East causing stuff like this to happen in addition a weak us jobs report has been released us hiring felt sharply in July a setback for the economy tie this in to the lack of Fed rate Cuts now rate cuts are still expected as early as September maybe multiple rate Cuts this year a reduction in our policy rate could be on the table as soon as the next meeting in September rate Cuts will happen and when they do I expect a a huge rebound some experts are even calling for emergency rate Cuts right now before September listen to this this analyst teaches Finance at Wharton School of Business also he is the chief Economist at Wisdom Tree interesting thoughts here this may surprise be I'm calling for 75 basis point emergency cut in the FED funds rate with another 75 basis point cut indicated for next month at the September meeting and that's minimum the FED funds rate right now should be somewhere between you know 3 and a half and 4% let me give you very simple logic of my position here at the June meeting the FED has said that the long run fed funds rate when inflation reached 2% and unemployment has come up to 4.2% should be 2.8 that's the normal 2.8 is the normal Fed funds rate well on Friday we blew up across the employment number we're at 4.3 that even argues for a lower one now as far as inflation we're at 2 and a half% we've gone down 90% towards the Target on the inflation rate we've we've overshot the Target on the employment those are the two Targets explicitly mentioned by the Federal Reserve all right and how much have we moved the FED funds rate zero that makes absolutely no sense whatsoever let's say that jpow came out and before September an emergency meeting comes out and he lowers the rate does the market rip or does the market say oh my goodness it's worse than we even thought it it it it rips it it welcomes it absolutely because it's so far behind the curve right now and big picture this dip was caused by overall weakening momentum in the uptrend of crypto it's important to realize that there is no fundamental flaw in Bitcoin or crypto that would cause this instead this is just a reaction to external temporary factors the question is buy now or wait try and catch the falling knife or wait for lower lows expert analyst Tom Lee listen to his thoughts bring in Tom Lee managing partner head of research at funstra Global advisers as well as a CNBC contributor in times like this in the past it always would help to know uh Tom whether it's a a sharp scary Spike down which a lot of times uh the other side looks just like it or people are hoping for that so much that they don't see that it might have longer to go do you do you get the feeling that this is not going to be a major selloff uh for now I think it is the former that you described you know we have over 3 days suddenly markets reversed and you know Japan down over 20% and as you're pointing out the NASDAQ could even you know decline further um declines like that are generally symmetric but you have to watch the vix and when the vix Peaks and start starts to roll over and fall down the recovery can be just as quick it does seem like as we look back a lot more this is because of the surprise hike from Japan and the the the sort of knock on effects from there if that is the primary source of the reaction I know it's going to be tumultuous for markets but for the US economy it's not necessarily bad news and I think that's why we can balance the last time the vix was at this level was April 2020 so for an investor that tells us kind of where we are which is we know markets are nervous and they have to unwind but it's not been a bad time to be thinking that there is an big opportunity on the other side because once the vix starts to calm down and markets have already corrected we know that there's opportunity right knowing that of course it's August as you point out I spent a lot of time talking to Mark Newton our technical strategist over the weekend and I think that there is a reprieve coming this week like who knows it could even be today right we could open down huge and then after 11:00 a.m. we could reverse higher but I kind of agree with Joe that this is still August and I think that markets traction really doesn't come back till October so between now and October it's maybe a range-bound market at best but there'll still be opportunities there you go please do not be fooled by anything else don't be fooled by the misinformation that's out there I actually sent this video to my friends who always worry dur during times like this you should too people need to know this I actually bought the dip but this is a Continuing Story we'll have more on this tomorrow this week so make sure you subscribe because we keep you updated on the whole crypto Market on a daily basis crypto currency is the future so I'll see you tomorrow hey if you're going to token 2049 in Singapore in September and you want to be a part of a great side event that we'll be a part of we're going to be part of this I'm going to leave a link to this in the description sign up for this join us this is the side event to be at web 3 with Toby and Brent this is going to be so big and and so worth it they're not even plugging it as a side event they're saying this is going to be the event to be at but token 2049 is great in general so hopefully we see you at this