Transcript for:
Trump Conviction and Crypto Market Insights

Donald Trump convicted, felony charges on 34 counts. This is unreal. Today we're going to talk about what happened and I'm going to tell you guys there has been an obvious new meme coin development out of this. I'm going to tell you today on which horse I'm placing my bets. I'm going to give you my thoughts on what's going on with this whole Trump and Biden ordeal, what the outcome is likely to be and I'm going to tell you what's been going on this week. Since I have not been here the past couple of days, it has been one hell of a week. I'm out here in Austin, Texas, as some of you might know, which has been extremely beneficial, but also extremely busy, hence why I haven't been making the videos. So today, guys, is going to be a quick one. It's Friday, and I hope that you guys have had a wonderful week. And if you're excited for this video, destroy that like button. What's up? My name is Kyle. I have been having a really good time out here at Austin, really, really busy, but mostly I'm here to make connections with a lot of people out here in the States who I haven't had a chance to do that yet because mostly I'm... I'm doing a lot of my business in the Middle East and in Asia, but this has been very fruitful so far. And the good news is that a lot of this will trickle back to you guys, the community, as it makes them relationships with them really, really impressive VCs that will help us with deal flow for things like Commonwealth Unpaid, and also some great projects, some startups that are completely under the radar, which has been exciting. and I will continue to tell you about those guys as they evolve. Hopefully we have a big announcement that is a result of some of these efforts in the next few days, early next week. So stay tuned for that, and let's get into it. So as you know, Trump was convicted on 34 counts, unanimously guilty charges. You know... I... So was this a is this a political thing? Of course. Now, if I think it's pretty safe to say that if Trump was not running for office, these charges would never have been pressed. And it seems like a clear attempt for the Biden administration to try to remove their opponent. However, you know, it's just getting incredibly dirty. And as you know, I don't really like to take sides in politics, but... The first time that I was actually interested in an election was the last time that Trump so the first time that Trump ran against Biden because it was so very clear that the mainstream media wanted Biden to win. It was heavily the media was heavily influencing that decision. Now, I'm always And I had no interest in either candidate before, nothing. And if we would have been flipped around the other way, if all the media would have been wanting Trump to win and Biden speaking poorly about him, then I probably would have thought the other way, right? But there always seems to be some sort of agenda. So the question is here, how is this going to affect the crypto markets? And we know that… Trump has been rallying a crypto army and a crypto narrative, which we're all for. And that was leading Biden into forcing his hand at becoming pro-crypto. But as we know, as we can see now, he has essentially vetoed the bill, the SB-121 we talked about last week, where... Essentially, banks and things like that could custody crypto. And it was a net positive for the space. And we thought that this would be political suicide for Biden. And I think now that they have this guilty verdict for Trump, that they have that problem taken care of. And so Biden can go back again yet to his anti-crypto stance along with Elizabeth Warren. That's what seems like to me is happening. Just my own two cents there. Take a look at this. This is kind of crazy. Mr. President, can you tell us, sir, Donald Trump refers to himself as a political prisoner and blames you directly. What's your response to that, sir? No. Boy, you can't make this straight out of a movie. Like, there's a whole lot of bits to watch this again. Like. President blames you directly. What's your response to that, sir? That's like, how do you say you did it without saying you did it? Like that. Anyway, I don't think that this is going to matter at the end of the day, right? I don't have a lot of information on this. I have not been paying too much attention, to be honest. I've been networking and building relationships and these kind of things. But from what I understand, it's probably not going to affect the outcome of the election, at least not to what maybe people had hoped. But if anything, this is going to fuel. people the it's going to fuel people to see that there is an attempt of manipulation uh for the outcome of this election and yeah so yeah trump has gotten where is it the 20 or 54 million dollars it's somewhere in here uh yeah now where is it Here, the Trump campaign has raised a total of $52.8 billion in the 24 hours following Trump's conviction. Basically, just saying that people, the general public is infuriated. They're shocked. And, you know, whatever happened to fair and honest elections? And, you know. I don't really want to talk too much more about the politics side of things. Let's talk about the potential overhang coming in the market as well. So we had Gemini who released from their earn program that they had $2.18 billion of assets back to the customers that was frozen before. And so there's probably some sell pressure that had come from that. And also we have this kind of news coming from Mt. We saw these $107,000 Bitcoin move. and people got freaked out about that, caused some of a sell-off, and that's, but you guys, this is not gonna happen likely until October 31st. So people saw the Bitcoin moving, they thought, oh my God, this is coming to dump on the exchanges, and it was offset fairly quickly. Now, this gives you an idea of you know, how it's probably not gonna be a very big deal because over the past five months, we've had over a million Bitcoin being sold into the market. And not only did we absorb it, no problem, but the price actually went up significantly since those one, uh, 1 million Bitcoin, not $1 million, but 1 million Bitcoin, uh, came into the market. So it was absorbed quite easily. And let's not forget that you have the FTX, uh, subsidy, the injection coming $15 billion. crypto coming into the space very soon. So overall, still very, very bullish. And let's not forget Vanguard coming into the space, which is like the biggest news ever. And to me, this is all you need to know, Vanguard. If you haven't seen that video I made on Vanguard last week on really how they own the world and they own BlackRock and they own the banks and the Fed. I mean, I didn't get into all of that, but if you know, you know. I mean... all the red is Vanguard and this is the top 500 companies in the world and they own the majority of them, right? So all the influence, all these kinds of things. So another thing that was bullish about Trump too, is that he was exploring asking some advisors from Bitcoin magazine, Hey, how could we maybe use Bitcoin to help get rid of some of the national debt from the U S dollar? this is how it starts slowly and then suddenly, right? And like I've been saying on this channel before, eventually this only way that you're going to be able to compete as a currency around the world or is those who don't implement are going to go through massive hyperinflation scenarios. And the countries will crumble. So this is a very smart move to do. It's what they should be doing. And we'll see what the outcome ends up being from this. And so the question might be, well, what happens if Trump actually goes to jail? Well, from what I understand is that you can still run for office in jail, even if you're in jail. And then of course, if he wins office, then he pardons himself and he walks out. It's a crazy, crazy time that we're living in, guys. It's hard for me to actually believe, but it's happening. And so we'll see. I want to just give you a quick announcement. Very happy about the Commonwealth launch. Exactly how I would like to see it go, slow and steady. Nice looking chart here moving forward. But the reason I wanted to mention this to you, and there's some big news from coming from Commonwealth next week as well, but you don't have to worry about the staking. The staking bonus that was going to come into it from the unsold tokens of the public sale have been changed now to allow... for the next 30 days, this thing can happen. So I just wanted to make that very clear because I know some of you guys were panicking that you have to have a mistake by now or by sometime tomorrow, but don't worry. We got 30 days, which is, we'll explain more of that as we go along. To be honest, I haven't been able to pay much attention to what's going on over here since ConsenSys, since it launched, but nonetheless, I'm very, very happy that it has been out here. And one of the most amazing things that has happened For me personally, the past couple of weeks with the Binance research report, you know, talking about the high FDV, low flow tokens, and then also speaking to some really great VCs that I respect a lot, you know, validating this kind of thesis around the circular token economy. And what we built at Commonwealth and Paid Network was very nice because I got to hang out with a lot of smart people who were on the same page as me as far as the way that you design things. and that was, it was just nice to be around that because usually people are not trust me. So when it comes down to the horse in the race that I'm, I'm looking at right now, uh, so I did buy some of this Trump mania. I shared it in the VVIP group not too long ago. And am I super impressed by the website the way it is now? No, no. Um, but I am told that this is that the, the, you know, I had. a friend of mine who I guess knows these guys and tells me that they're going to put a lot of effort into it around this whole rallying together as a Trump army. And you know, right now the whole Trump meme coin thing is there's like 50, 70, a hundred thousand variations of Trump right now. But of course the one that's doing the best is the one that we told you guys about a long time ago. Now at like $750 million, something crazy like that. The number one Trump coin is one that we called here at a very low market cap. so congratulations guys and i want to bring your attention to something quite significant do you remember when i made this video uh is that the unlin on linia an easy not easy but it's always a good idea to have exposure to what seems to be the defining meme coin in that ecosystem now it's true there's not a lot of attention around linia right now and so this this foxy which is literally And if you don't know the story about Linea, it was the same founder, Joe Lubin, who's also a co-founder of Ethereum. Listen to this kind of stuff. So you've got Gavin Wood, co-founder of Ethereum. And now you've got Joe Lubin, who's also a co-founder of Ethereum, who is a founder of ConsenSys, which created MetaMask, which is this little fox, the MetaMask fox over here. And that is a direct relationship and saying that, you know, you're going to be airdropped this foxy for people who use MetaMask. And so I expect that when ZK season comes, that you're going to be able to pick this up, this thing up right now. And it's only a $39 million market cap, not financial advice. I would say probably don't ape into this thing. Like do your own research. There's not much research as the meme coin. I just told you everything you need to know. So of course, that's a total gamble. Of course, there's a chance that Linea could, you know, not pick up any steam and that it could just all come, you know, crashing down. So because you see almost up a two X, up two X more than that. Actually now from when we talked about it, what I, it's, it's going through price discovery right now. So this is kind of the trajectory that we want to see is breaking through these resistance points. We don't have a whole lot of data here, but you know what I'd like to see this do. This is a daily chart. I like to see this close above what was this former resistance line over here. And then, you know, kind of continue to move upwards. it has had this pretty impressive pump over here since we talked about it. Actually, literally one, two, three, four, five, six. Like we seem to have covered it here seven days ago. So maybe it was some of the attention that we brought from here, but nonetheless, this is price discovery. So we just don't know where it's going to go from here. And like I said, this is the number one coin on Linea and ZK season is coming up. good reasons to be bullish here at uh you know sitting here at currently a 70 million dollar market cap compared to about 32 when we called it before so uh just want to remind you guys of that and now that we have more of a clear distinction of being able to break through the support level that we had over here that's a good indication. Now, to really get confirmation, we should see this resistance turn into support. Maybe it comes down, bounces off this, up again. Watch it closely, but I want to bring your attention back to it. Now, let's go back really quickly and look at this T-Mania chart. You can see that if you go to the daily, this has only been out for a few days, one, two, three, three days, and up only. So, you know, usually when you get these, meme coins that have a good amount of volume a good amount of traction uh you see kind of this run up you see a correction and then you see it uh that you see it consolidate for a while and then come back up so there's no rush on this right now uh i did buy some earlier today and i'm gonna be watching it closely right we go to you know we go to holder scan and we see like uh you know like like what how it's doing so let's see if we can just quickly find it over here here grab the contract address bam paste it in and let's see just so we can keep an eye on t-mania and someone just put it in yesterday, so we have no data. But over the next couple of days, we'll be able to see how it's doing from a user holder perspective and the growth. And so that's a wrap it up, guys. I hope that you have a great weekend. This is a short one, and yeah, I've been busy, but I will bring you more updates next week from the things that I've been working on this week, the meetings I've had, who I've met with. It's been all very very productive which is... I'm excited for it and so... And actually let me know in the comments guys... If this, if the markets still kind of are continuing to go sideways next week, what I'm thinking about doing, even though I'm pretty, I'm pretty, to be honest, I'm pretty tired about talking about meme coins. As I think that soon there's going to be, you know, soon when we get in this parallel stage, we're going to start going, I mean, meme coins will always be there, but they're getting pretty played out, right? So, um, I think that it's going to be good to start looking at where, where do you want to position yourself? Uh, you know, for when the, the more quality coins start pumping hard, because some of them are at great prices right now. And, uh, and so that's what I'll be looking at, but let me know if, if, so what I was thinking for next week is that maybe Monday we do a, how to, how to, how to find the next hundred X, you know, meme coin. And then we can, we can actually go. And, you know, usually when I bring meme coins to you guys, like. I've already either had some sort of conviction from watching Virality, and those are usually later stages, or if we've done quite well quite early, it's either myself that identified something quite often, like quite bullish that I liked, like, you know, like Tooker, for example, or whatever, or Wiff, you know, and then share that with my extended friends and family that have, you know, quite a bit of influence. So... What I want to do next week is I want to just go and look and use the tools that I would use to look for this kind of stuff, teach you guys how to do it. and then we will go blindly without any, any suggestions from anyone else, any, any of the kind of like inside circle. And we'll see if that we can learn from these tools that we use. And we'll make some trades live on the show. And maybe we'll do this for the whole week and see if we can actually make some profit considering that like the only things that are, that are really pumping for the past several months have been meme coins. So. That could be fun. But also at the same time, I want to talk to you guys next week about some of the updates that I made, the updates to what we're doing, the people I've met, the relationships, the kind of projects, announcements. If I can do those, I will share those. And also I'll be looking for the best buying opportunities to make sure that we are properly positioned when we inevitably see this next leg up. All right, guys. Have a wonderful weekend. See ya.