💥XRP n 2 WILD MUST SEE STORIES💥

Brief Summary

This video discusses the prevalence of bots in crypto trading, recent inflation expectation declines, and a Bitcoin scam involving the hacked Twitter account of the Paraguayan president. It also touches on XRP price action and the overall state of the altcoin market.

  • Bots dominate crypto trading, influencing market movements.
  • Inflation expectations are declining, potentially benefiting the crypto market.
  • A Bitcoin scam via the Paraguayan president's hacked Twitter highlights security risks.

Viewer Comments and Questions

The presenter addresses a viewer's question about how we can be certain there are only 21 million Bitcoins. He explains that it requires faith in coding and technology, which can be daunting due to complexities like quantum computing. He draws an analogy to real estate, suggesting that as Bitcoin becomes fully mined, investors will seek alternatives, similar to how investors move to silver when gold becomes too expensive or to Russell 2000 stocks when blue-chip stocks become too expensive.

AI Trading Bots in Crypto

The presenter discusses a report indicating that nearly 90% of top traders on pump.fun and pump swap are likely AI trading bots. These bots are active for more than 18 hours a day, and one specific account traded over $100 million on pump.fun. The presenter suggests that bots dominate crypto trading, causing synchronized market crashes and similar-looking charts across different sectors like meme coins, utility tokens, and store of value assets.

Inflation Expectations Decline

Inflation expectations have declined across all horizons, according to the New York Fed. This indicates that consumers anticipate prices to decrease, which could free up more money for investments like crypto. Median expectations for inflation over the next 1, 3, and 5 years have all decreased.

Paraguayan President's Twitter Hacked

The Paraguayan president's Twitter account was hacked, and a Bitcoin scam was posted. The fake tweet claimed that Paraguay was making Bitcoin legal tender and establishing a 5 million BTC reserve. The presenter emphasizes the danger of such scams, especially when they appear to come from trusted sources like government officials. He also references a previous hack of the SEC website and reminds viewers to be cautious.

XRP Price Action and Market Analysis

The presenter analyzes XRP's recent price movement, noting a rise past 230 that it couldn't sustain. He compares XRP's chart to Stellar's, observing their similarities and reinforcing the idea that bots influence market-wide movements. Despite a recent increase in volume, the altcoin season remains soft. He also notes that exchanges are making money due to increased volume, regardless of price direction.

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Transcript

Full transcript of “💥XRP n 2 WILD MUST SEE STORIES💥”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 bots in crypto. This is something you gotta see because we always talk about it. But now we got some confirmation. We're also going to talk XRP price along with the big announcement. Yeah, that's an air quotes from the Paraguayan president. Inflation expectations have gone down. That's good for us. Price action. I say lots of naughty things. So here's your warning. Oh, do I got a video for you today. And look at the movement of XRP up on the screen. I seriously think this might be one of the wildest ones yet. But before we get into it, you know the deal. Your comments come first. Why? Because you, the viewer, matter most. I sincerely mean that. That's why I put your comments at the beginning of the video. I'm sure some people click through it. I'm sure

0:46 some people fast forward to it. I'm sure some people don't like it. Well, guess what? You matter most. That's why you take front seat. Martin Bir says, "Question. How do we really know that there's only 21 million BTC coins in circulation minus the 1.1 Satoshi has in his wallet and add all the BTC? We're not mining it. How do we know we're not getting scammed? Happy Monday." And dropping support on the channel. Well, thank you for the support. I'm going to zoom out and actually make this bigger. How do we know that Bitcoin is going to be it? I mean, think about it. Okay, let's look at this as like a real estate, okay? Oceanfront real estate, right? Once all the oceanfront or lakefront real estate is gobbled up, where do investors go next? They go to the next street back, right? So once all the BTC is gobbled up, where are players going to go? They're going to go somewhere

1:32 else. Gold has gotten crazy high for a while now. Where are players rotating their money? They're rotating into silver. You're starting to see silver pick up. When the Russell 2000 starts roaring, why is that? That's because blue chip stocks and all the other stocks out there are expensive and they don't have the value to them. So, people rotate in other things. In terms of how do we know that there's only uh 21 million BTC out there? Look, we got to put a lot of faith in coding. We got to put a lot of faith in stuff that's honestly above our knowledge base. I mean, are any of you out there like hardcore coders that can fully understand this stuff? What about the quantum computing thing? Yeah, seriously. Some of this stuff you just got to put your faith in tech and it's scary. But then again, like I said, zoom out, there's always going to be something new, right? So once BTC is

2:20 mined out, it's like what's next? And I think for me, that's the biggest one that I fear about the what's next because there's always a what's next, right? Uh oh, Shadwcknik, hopefully I said that right, says Estatos on Oh, United States, Estados, Unidos, thank you so much for that. I'm gonna save this one because it's gonna help me out with my pronunciation. Daniel Madero says, "This is the only channel I come to for daily updates. Thank you and choo choo." Thank you all. Bitcoin today at 108,770. ETH is 2583. Xia 230. We're going to talk price action. Why? Because we're at least at the 230 mark. Volume decent, but what do we need? Trump and

3:05 China. But first, let's get into the wacky and wild All right, you ready for it? I'm gonna I'm gonna have wacky and wild in the middle. I'm going to put some normal news. Then we're going to go wacky and wild and then we're going to go price. You cool with that? All right. Awesome. Happy Monday, by the way, everyone. Nearly 90% of top pumpf fun traders might be I a trading I gez AI trading bots. No kidding. No Sherlock. I'm pretty sure we think that crypto itself is filled with bots. According to new independent research, the overwhelming majority of top traders on pump.f fun and pump swap are AI trading bots. 93 out of the 100 highest accounts are active for more than 18

3:50 hours a day. Yo, it's snowing wherever they are. Even with the nearly 800 non-bot accounts trading for more than 10 million each, bots make up the overwhelming majority of activity. For real, I think we could agree that bots make up the overall majority of activity in crypto. Period. Think when BTC goes down, every other crypto at the same moment goes down with it. There's no way in hell everyone across the globe is like, "Yo, let's go on our apps and sell at the same time." No way. It's ruled by freaking bots. Everyone, let's keep learning. Uh, pump fun, the famous memecoin launchpad has been making a lot of headlines lately. Why? Well, guess what? because there's lots of money flowing into it. The reality though as

4:36 we've learned is most people are losing money on that. Specifically, Adam and this is the person who did the analysis on this considered any pumped up fun trader active for more than 18 hours a day to be a body. He claimed filtering these results was difficult as some top human traders average 16 hours a day. That makes sense because you need to sleep. And yes, I understand the whole concept of nose candy, but for real, if you're trading 18 20 hours a day, every day, you're a bot, dude. One specific account traded more than a hundred million dollars on pump.fund. Yo, that's nuts, man. The the reality is this. The market is filled with bots, algo trading, BS like that. That's why everything all crashes at the

5:21 same time. That's why like when you look at like the charts and stuff, they all look the same. They don't work in sectors. And and zoom out a little. All right. Meme is very different than utility, which is very different than store of value. Yet, when we get bad news, they all react the same. That's kind of messed up. I say, "All right, now on to like the the normal everydayish news. Inflation expectations declined across all horizons." The New York Feds, that's that's good because we're expecting prices to come down. That means the consumer is sensing some sort of relief. Consumers expectations for future price pressures improved across all horizons in May and household pessimism about the labor market eased as well. Oh, okay. That's good. Median expectations for inflation for 1, three, and five years ahead all decreased in

6:06 May. Uh here's that chart and it's all linked in the description below. Essentially, what's happening is people out there, me and you, are like, "Yo, prices we believe are coming down. We're seeing a little bit of softening of prices. Boy, do we wish they would go down even further. But we don't feel as if the future is as bad. Why is that important? Because if the retail trader out there is like, "Yo, inflation isn't going to bend me over." What do they have more money for? Crypto. Yes. Estados Unidos. Estados on. Thank you so much for that. I thought I would share that with you. Okay. Now, let's get back to wacky and wild. Paraguan president's ex account Twitter hacked shares a Bitcoin scam. Yo, you can't make this

6:51 up. What were to happen if Trump were to post something about Bitcoin XRP being legal tender? Oh dude. That already happened and it hasn't come true. This is what happened. Santiago Pñena had this tweet official. Paraguay makes Bitcoin legal tender. President Pena confirms 5 million BTC reserve plus bond access. The funny thing is this was a scam. It was all The worst part about this, okay, worst part about this is, could you imagine if a president said something like this? People are going to believe it. Big officials are going to believe. Remember when the SEC site got hacked with BTC? Yeah, this stuff is rampant. The hacks and schemes across crypto and across Twitter. So, not only now is it 90% bot

7:37 action, now we've got even more players out there getting hacked with BTC scams. Um, just be careful out there. It's just the hard part is is like presidents and leaders of countries like you kind of want to like trust their tweets. like trust what they say because I think like every politician's aing scumbag and you don't want to trust politicians but I think it's something where it's like like if they post something you want to believe that that's actually them and not like a scammer that hacked their account but I got to be honest with you Trump did say XRP solena BTC E strategic reserve guess what nothing burger and you know what we're June 9th right now still nothing burger overall in the crypto market

8:22 volume is coming back everyone at 31% over the last 24 hours to 110 billion. So, the exchanges are making money. I always highlight that because remember exchanges make money on volume whether the price goes up or down. Altcoin season still soft with 28 out of 100. Yeah, we've had some outflows here as of late, but when you zoom out, you can see the majority of it has been inflows. Specifically, XRP has had a wild and wacky 24 hours going from 222 past 230, but couldn't hold it. Let's zoom into those candlesticks and see what's happening right now. Now we're going to go to the 15minute variant. This is what I was talking about earlier. We did we broke the 230. We got to a high of 23137, but we've since pushed down to right around that 230 mark. It's it's it's frustrating and and I get it and

9:10 that's why I brought up the story with the bots on pump. Fun because if 90% of the traders on pumpf fun are bots, could we then extrapolate that 90% of the action in crypto is done by bots? I mean the reality is here. Let's you you all want to have some fun? Let's have some fun. Okay, so this is the XRP chart for the day. Let's do this. Let's pick uh Stellar. Okay, look. Go to Stellar's chart for the day. Oh my, do those look so so familiar where their valleys were here and their peaks were here. Holy crap. Every like they do. They all look the same. It's kind of gross, isn't it? So, you're seeing that action play out. But with XRP right now, we're still in the friend zone. Volume's at 2.7 billion. Choo choo. What? Well, wait.

9:57 We're not even at the outro yet. So, does the bot thing surprise you? No, it probably doesn't. Why? Because guess what? We see bots all over the damn place in crypto. It's frustrating because I see it in the comments. And trust me, I feel your frustration, too. Because all of a sudden, BTC does this, then everything else does this. All within seconds of each other. It's almost like if some magical miracle out there, people all of a sudden go, "Oh, I got the alert. I'm going to sell too." And we're like, "No, that's not how it works." But yet, that's what happens. And the majority of people in the comments like, "Yo, who's selling anyways?" And the reality is is think you've got all those activities. You go on like Coinbase and stuff where they're like, "Oh, 70% of people are buying." Well, then why is the price the way it

10:42 is? Think of the Sailor, BTC, Metaplanet, Riot Merror. They're all buying billions, billions, billions of BTC, but then all of a sudden poop sandwich, right? So, does the buying really matter or is it the bots and algos and the market makers that are making the action move here? So, you got that wild thing. Then you got the consumer expectations, which is a good thing because if consumer expectations are like, yo, inflation is going down. That means maybe in the future the retail market could come back in crypto. That would be good. What about though the presidente getting hacked? That's right. I mean, let's be real here. A lot of people go to Twitter and they're like, "Yo, some of our leaders share something. We believe that it's actually from them." So, all of a sudden, the Paraguayan president is like, "Yo, BTC

11:27 strategic reserve done. You want to get your piece of the pie, click on this link." And people are like, "Oh, wait a minute. So, our president now got hacked." Like, yeah, this is crazy. So, just be very careful out there because you never know. You might be promised a little XRP soul and aa strategic reserve and it might not happen because god that was promised how many months ago and we're still waiting for it. Overpromis and underd delivering. Yeah, that's probably what's happening right now. There you go. News on a Monday. Lots happening the rest of this week. So choo choo what? Well, you know the deal everyone. Choo choo biznachos. O in choo choo biznatur oz for the female and choo choo biz bluehaired giraffes. This is

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