[Music] do you want fries with that red candles everywhere as BTC plunges and everyone gets wrecked can Bitcoin lead a recovery rally Trump tariff trigger trade War Canada and Mexico respond in kind to us tariffs while China mes its next move and markets tank in response Will trump walk it back or is there more to come alt season cancelled concerns around a global trade War wipe billions off crypto prices leaving everyone wondering if Trump’s inauguration was the top Born in the USA here’s why a recovery rally could be led by crypto built and and based in the United States and a look at last week’s top performers spoiler alert it ain’t pretty tweets of the week dates for your diary and much more besides this is the coin Bureau News live GM and welcome to another episode of the coin Bureau Weekly News live stream I’m your server today Nick and i’ would like to know what would you like to order guy welcome back below back below and K than below 100K yeah I see you’re lining up for your possible change of career exactly yeah they Mark a job ex you you’ve always been one to to plan ahead he was always my destiny was in Stars It Was Written in the Stars indeed my hat to that yeah okay folks well a lot has happened since uh since last we met last week um yeah we’re GNA get to talking about it soon um do you want a sentiment check in from the comments now Nick or do you want me to do it after after we’ve talked about Bitcoin let’s first get through the bitcoin news cuz I imagine what it’s like okay okay well it might surprise you actually it might surprise you um so yes obviously we’re going to be talking about the main reason why the markets are tanking today we will talk about Trump and his tariffs uh very shortly but of uh let’s start as we always do with a look at the Bitcoin price uh over the last week or so there’s um there’s quite a lot happened um before Trump went tariff trigger happy y so um Nick let’s get into it can we cast our minds back to last week when the only thing we had to worry about was deep SE a Chinese AI company can we do that I remember deep seek yeah ages ago hey wow we age so long um so obviously that was Monday last week and on that day we had casting back what happened we had a massive deleveraging event obviously um now this was uh we saw the biggest deleveraging in terms of CME Futures ever in terms of change in notional liquidations as well and then in terms of we also had the lowest funding rate on CME Futures since 2023 so so that’s what happened on the Monday um as as well what happened on the Monday we had news of saor buying you know as usual he’s one of his biggest buys for quite some time um which slightly boyed the market and things did start to recover um and speaking of Sailor actually this came out you in the week while we’re on it yes this is this this is the sort of thing I mean to be fair most of crypto Twitter was pointing out that that was screaming’s top signal yeah exactly in retrospect perhaps they were right I like FP and Elizabeth Holmes Etc um but there was some good news last week as well um the Czech Governor so we spoke about him about two weeks ago the Czech Reserve Federal Reserve Bank Governor he came out with and drafted a plan to allocate up to 5% of their 146 billion doar worth of reserves to BTC um so that would equate to about $7.3 billion of potential allocation dollars or or euros dollars yeah okay yeah dollars um and um because they used the check CR uh and of course Christine lagard was not tooo happy with us as one would expect yeah I mean that that’s that kind of is on brand thankfully for the checks they haven’t fallen into the Euro trap yet so um you know they’ve got their own currency so uh so the nation state adoption thing is is still still very much alive nation state Central Bank yes it’s still alive The Narrative is still strong so there that to look forward to um but of course last week a big event of course was the fomc meeting um yes and uh this was it was interesting because when it started um it the markets quickly tanked right Bitcoin itself fell and this was because there was initially a change in the announcement because it removed language that inflation that was previously there that inflation was moving toward its 2% goal and the markets then interpreted what does this mean does the FED think we not on that path or anything uh but then pal subsequently came out later and he said that the change in the policy statement language with respect to inflation was not done to send any sort of message so then the markets did recover out of fom out of the meeting itself okay yeah okay so yeah it was it was a fairly uneventful fed meeting and it was looking like it was going to be a fairly uneventful week it looks like it yeah and the Fred said he was going through a data driven approach and and there was an optimistic on policy in the economy and of course at that stage at that stage no negative comments about tariffs yet all that hold that thought Jerome that was that was all to come um we had the pce numbers last week as well the personal consumption expenditures IND uh this is the fed’s preferred measure of inflation um and that came in on expectations so on expectations yeah slly higher than last one though no real surprises that yeah slightly higher there so the numbers are still looking hot in terms of inflation okay then then and then came Friday now I’ve I’ve mapped this out for you guys in terms of the macro events and what’s happened over the past week uh on the Bitcoin uh for one hour chart there so we had the Deep seek then we had the fomc with that one C CLE that 1 hour candle that basically up and down and then came Friday tariffs took the market by surprise to an extent because they were kind of expecting potentially would come in March only or maybe it was going to be called off entirely and then over the weekend we just slided lower and then of course comes today or even this morning liquidations yeah this now take a look at this 2.23 billion in 24 hours which is may not even be that size it may even be bigger which we’ll get to but to put that into context this is a total crypto liquidations that’s bigger than the Luna event bigger than Co bigger than FTX we’ve just witnessed history that is wild but I want to just I want to just caveat that I I want to inject a note of optimism here which which may go down like a fart in the diving bell but let’s try it anyway we’ve just seen the biggest liquidation event in crypto’s history and Bitcoin is still as I speak at 90 just under $95,000 yeah so we have had a dip but you know for bitco okay Al different story but Bitcoin that that is that is pretty good I think yeah it is and actually you just mentioned before the stream that benzar who’s the CEO of bit there was probably way more than that yeah right because obviously there’s they moved so far so many API calls these tracking s sites didn’t pick it up so it was probably way more than that and Bitcoin is still holding up not so much for the Els but we’ll get to that um two interesting onchain stats that I wanted to show you guys today one of them these are both related to this um this spent output number um in terms of spent output the volume number so the first one is the size of wallets with spent outputs um that are less than wallets with less than 0.1 uh Bitcoin in terms of transfers the spent output output number in terms of transfers this has been falling since December which shows that smaller you know smaller retail investors are moving less coins less less of them coming into the market right now L uh if you assume that’s retail it’s not all bad though because if we look at um the spent output in terms of age now these are all wallets that have spent outputs that are older than seven years that have moved to an exchange so in previous PR periods of like um bull market tops you’ll see these uh spikes when that’s been all these older wallets are moving coins to the exchanges and we haven’t had that yet so the whales aren’t transf and the older long-term holders aren’t transferring yet which is a positive sign okay okay this is good we’re finding some positive some some positive got to get some got to get some silver line it’s always loud for the Silver Linings yeah absolutely absolutely okay so yeah so it’s been well it wasn’t such a bad we although I mean de deep seek now feels so long ago it feel inconsequential completely inconsequential yeah yeah but obviously yes these uh these tariffs which we’re going to um talk about in a moment are obviously the big story at the moment so what can what happens now Nick what can we expect really depends obviously what happens with tariffs uh tomorrow is an important date which we’ll also get to obviously this is when the the tariffs will be implemented against China and Canada is he going to go ahead with it so we’ll have to keep eyes out on that are they going to retaliate um the markets opening in the US in about two hours or so um Nasdaq futures and the rest of the markets are down so obviously if stocks continue falling we see the selloff continues the global selloff continues could look bad um on the positive note February is generally up month for Bitcoin historically about 14% we’re only three days into February folks and okay I mean it is a shorter month yeah it is a shorter month but and you know that’s the positive on the on the potentially like I W I want to know how many of those other februaries for the past 10 years or so coincided with a massive global trade let’s let’s let’s let’s count it as a as a positive optimistic SL yeah still got 26 days of February to go folks we can we can make it all back from here um Zoom when in Out zoom out this is where last uh January was the highest monthly close in terms of candle um you know in history for bitcoin price there at about 104k so on the long term it’s looking positive when that zoom out um we also have unemployment data on Friday important of course yeah NPS and unemployment those will obviously inform fed decisions which we’ll also get to um and um now of course if you guys want to know exactly what’s going on in the markets I will of course refer you to a the video that was was just published on coin Bureau trading a few hours ago by Aaron AKA mooning Papa now this video is absolutely crash crashing it right yeah basically um and it’s a really interesting video because eron’s thesis is obviously we could have bottomed and brave that’s a brave call let’s say is a bra especially in this market conditions and even braver than that he looked into altcoin dominance and thinks that could have also you know bottomed so he’s buying the dip on some altcoins um so if you guys want to check that out it’s well worth a watch um we’ll leave it link to below and of course if you want to subscribe to the coin training Channel we just broke through 75k subs 65k subs by the way well done to them so you want to subscribe here we go coin behold the QR code to the top right okay okay so uh that is that is the week in Bitcoin just done um I get the feeling this this week could be an interesting one sentiment check mate yeah let’s do a sentiment check so now I must say I’m surprised because last week actually the sentiment in the comments was was bad really this was when deep seek could had come out and changed everything this week I mean I’m not going to pretend I’m not gonna say it’s good necessarily but there seems to be there seems to be a slightly sort of more um push back against the bad news mentality I think they’re just in a different stage of grief they’ve been through maybe maybe uh Matthew who uh Tunes in regularly says wag me friends um registration account interesting name says Market will be fine um now we’ve got some more here not going to lie I’ve been in crypto since 2016 so I kind of got used to these dips we’ll recover as always um let’s all let’s all share a hug after this red red crash that’s nice that’s nice uh escape the matrix says a Bitcoin will be back bigger faster and stronger give it a couple of weeks yeah man yeah a lot can a lot can happen in a fortnite um Dev Luke who is a regular in the coin Bureau Discord um one of our CBC detectives actually says byy when there’s blood in the streets Warren Buffett reminding us of that good quote there um and Gan Francis says Ola jent Swindon sucks when you’re poor um what’s Swindon like when you’re rich rich I I interesting I haven’t been to Swindon so I don’t want to comment but I can’t imagine it’s it’s a long time since I’ve been to Swindon I’m not sure it’s the best place when but we’ll see but it’s h it sucks when you’re poor anyhow so I I must say like just sort of scrolling through the comments here I’m seeing I’m seeing a lot of people a lot of kind of by the dip sentiment a lot of people yet like some of those comments I read out it’s like we’ve been here before we have been here before yeah um so just just chill and you’ll be fine that’s cool man I I must say I kind of agree with that statement they’re learning those statements yeah man that’s cool yeah okay all right let’s talk about tariffs then um oh uh don’t forget to like And subscribe as well poor fa like ring ring the bell do all of that stuff um so let’s talk about the uh the incoming the incoming trade war in TR yeah so Trump and has been talking about tariffs for a while I mean he was big on tariffs in his last uh in his last term as president and actually he imposed tariffs um that Joe Biden actually kept yeah yeah a lot of these so and he was talking about it in his in his like campaign so it wasn’t necessarily I don’t know why I think the market thought he was just Bluster and they didn’t think he was going to follow through and especially as quickly as he has um so yeah many were hoping it was a threat uh but it turned out it wasn’t and on Friday he announced these tariffs on um three countries firstly Canada and Mexico 25% levy on Imports 10% only on Canadian energy and then 10% tariff on China as well an additional tariff um that that was kind of surprising to me because obviously Canada Canada Mexico um USA’s biggest neighbors well nearest neighbors uh big trading partners but also its biggest friends I mean you know Canada and the US are our allies yeah years go back years in terms of alliances and everything yeah China obviously much more of a geopolitical rival doesn’t see eye to eye with the US on a lot of things I can kind of understand uh imposing tariffs on China a lot more than I can imposing tariffs on on Two on Two staunch allies especially Canada I would say because I think that okay one of the the re rationale for the tariffs was okay border security right and potentially you know um illegal immigration and and drugs flowing across the border okay I mean you can argue whether that’s you how much of that’s in Mexico how much The Mexican government can actually stem that because it’s a question around how much of it is demand from the US that’s the biggest driver as opposed to supply but in terms of Canada less than % of the illegal drugs in America coming through Thea Canadian border doubt also in terms of immigration as well so you basically imposing tariffs on a country and the and the goal is to try and get them to clamp down on illegal immigration and drugs and they can’t really because it’s not a big enough flow so what are you what are you expecting them to do well yeah and I mean drugs drugs I mean the War on Drugs has been going on for decades and I mean one one of the most popular one of the best memes I’ve seen out there you know over the years is congratulations to drugs for winning the war on drugs you so I’m not I don’t quite see how imposing tariffs on imports from Mexico is going to stop the flow of illegal drugs over that border they’ve been they’ve been trying to stop it for for decades and they haven’t worked and as other as many people have pointed out you know this isn’t this isn’t a a question of Supply it’s a question of demand yeah there is a lot of demand for these drugs in the USA and impo imposing tariffs on you know mexic me on on legal Mexican Imports probably isn’t going to make that much of a difference yeah exactly even if he thinks it’s the government’s going to try and do something about it stop the Border it’s like you know they it’s a massive border and they don’t have the resources but especially back to the point of Canada right because what else can Canada do but respond right with totalit tariffs which is exactly what happened um and it actually galvanized a lot of support for for trau in Canada which is funny given how much of an unpopular prime minister he is yeah I mean this has been a bit of a gift to him politically exactly um but he would impose 25% tariffs on more than $105 billion of us Goods um Mexico is also considering Carousel retaliation so basically periodically rotate the US products that are being tariffed okay um and yeah so the Canada announced this as well and they’ve pinpointed the tariffs to particular products that are prod produced in um red States so stuff like bourbon cotton uh soybeans that kind of stuff so it’s interesting okay so they’re basically going after Trump’s base in in retaliation okay I mean this is the sort of thing that you can imagine will can can escalate if if if people if neither side is willing to back down um and that is going to result in higher prices for American consumers to say nothing of Canadian Mexican consu in fact consumers everywhere there is no way but other than to retaliate because like I said what can you do you’re just going to sit there and take it um and Trump really I mean he really wants Canada to become a 51st state and and as a Canadian citizen I’m pretty I can tell you I don’t think that Canadians want that as much as they don’t like their current government they don’t want to be the 51st state Canadian citizen or pre-american citizen that’s a good you’re pre-american Jesus we’re pre-rich and he’s pre-american um yeah I I I wonder what like obviously this has been talked about a bit as well um to say nothing of Greenland and all that um and the Gulf of America etc etc I I wonder whether the whole sort of State thing him him posting that um on Truth social and is that sort of part of flooding The Zone this whole sort of idea that you just you just make so much happen that the media can’t deal with they can’t decipher it yeah and it’s all like a shock and or approach and basically then walk it back potentially I maybe maybe hopefully that’s the strategy if there is a strategy at all I mean you’ve yeah you’ve got to imagine that uh that there is but um let’s see now obviously uh Canada and Mexico um have retaliated already well I I think Mexico is is going to I think the Mexican president is going to announce uh their their their measures their counter measures today but obviously the big one is China what is China going to do in response to these tariffs and I remind you that um yeah for some for some quite bizarre reason I think only 10% tariffs on China at this stage but maybe he’s leaving room to to ramp those up yeah he will and that will be way more consequential in terms of the value of trade that goes there um The Wall Street Journal is also not holding back on this um and of course they’re generally right leaning so it’s interesting uh they they’ve labeled this the dumbest trade war in history yeah it’s pretty SC it’s pretty scathing that pretty SC and it’s interesting as well because the especially as it relates to Modern Supply chains in terms of like for instance the production of let’s say cars in terms of the value add across the borders so for instance a car will be produced in you know Detroit and it goes across the border for components to be produced in Ontario comes back across the border and more been Bolt in Detroit it goes across the border back and forth across the border like a collection of five times every single time it’s doing that it’s adding some tariffs so imagine what it’s going to do to the cost of cars for instance right so other and that’s just cars right there’s so many Supply chains that are interwin intertwined between these different countries so it’s definitely going to add to inflation yeah yeah so I mean yeah like I say this is going to this is going to affect consumers everywhere and I guess that is a big part of why we’re seeing this this panic in the market you know people uh people assuming that um things are about to get a lot more expensive um should also point out that there uh Trump is also threatening tariffs on the EU I think he’s saying that they may uh they may be coming today um and France is already sort of uh uh preemptively striking back France I don’t think is quite as uh as as threatened by us tariffs on the EU as somewhere like Germany is they’re just catching Strays they’re sitting they worrying because Germany can’t like 70 % or so of the exports I think something crazy they just sitting there catching catching Strays as France and US trade Bobs yeah um the question of course is also Will trump retaliate with higher tariffs so now he’s threatened potentially to double it so he comes out to Canada and Mexico with 50% yeah and then what what happens we’re we’re in a pretty high stakes game here um so it’s going to be a fascinating week I think to see how these play out you know Will trump back down will these other countries fold yeah um I think you know I reading about it from trying to read about it from both sides you know obviously um a lot of people are very against these tariffs I have seen some interesting arguments in favor of them the the sort of primary one being that I think the feeling certainly in the Trump camp and I think in much of uh the US and the US government as it is um is that you know the United States pays an enormous amount of money for basically guaranteeing the security of much of the West and I know Trump feels very strongly that a lot of Western countries a lot of NATO countries don’t really contribute their fair share and he’s made it a central plank of his uh you know of his um policy over the next few years to correct that so this could be or you know perhaps this is the the sort of initial stage of going look this is what I can do um it doesn’t have to be like this but you guys are going to have to you know spend more on defense contribute more to Nato um and you know America is America is going to look out for number one yeah I Fair point but I assume there’s other ways to do it right you know there’s other less aggressive ways that don’t tank the global economy on global markets and everything and well and crucially crucially that hurt American consumers because I think this is what a lot of people have pointed out is that you know one of another thing that Trump promised was that he would bring prices down the price of eggs would go down at this break the price of eggs is is only gonna is only gonna go up it’s gonna be a lot of yeah inflation is definitely and people who don’t think this is going to be inflationary I’m sorry guys you live in a fairy tale man obviously if inflation goes up uh interest rates will have to rise in order to combat it um and as we’ve seen over the past couple of years Rising interest rates ain’t good for risk assets like crypto damn straight um for what it’s worth quickly um Goldman Sach believes that us tariffs on Canada Mexico and Canada will be shortlived so take of that what you may I mean yeah as again it’s probably something that he may walk back there is the hope that he stops before tomorrow but I don’t know if that’s going to happen but if it is shortlived uh it will be taken off again and it’s more of a negotiating tactic because I believe the US Mexico Canada um Trade Agreement is up for renegotiation next year so this could be part of his strategy for being like hard negotiator to the table look what I can do so hopefully there is um you know their likes inner tunnel is that he could reverse those we shall see okay okay so uh there you have it um I’ll I’ll send there’s a the arguments in the arguments in the comments are getting very heated um a lot of a lot of arguing over over Trump basically he’s divisive as ever surprise surprise another very divisive topic Al season Al season ah yes that long over that long you know overdue alt season the one we all waiting for we’ve been waiting such a long time we’ve been hibernating this winter waiting for the green shoots of that alt season to come and looks like we’re going to be waiting a little longer um if it comes at all if there’s one question I’ve seen asked time and time again in the comments of live streams like this and also in the comments of other videos we do it is when alt season um so let’s talk about it um I think let’s start let’s just quickly Define All Season okay so first I think it’s basically broadly when altcoin when altcoins rally broadly and Bitcoin dominance starts to fall very general definition um and back test in these conditions provides three distinct periods which were thought of as altcoin season in crypto’s history so this was the early ends of the ethereum Ico era between 2016 and early 2018 uh the first half of 2019 when many altcoins are performed Bitcoin and then of course most of 2020s defi summer uh through to crypto’s all-time high in November 2021 so those were the three dis stink periods when it met those criteria and of course there’s now lots of fud on Twitter around are we going to are we going to get an altcoin season how big will it be if it comes at all you know um and there is actually an altcoin season index uh which we’ve got here which is you know midling starting to get a little Frosty it picked up a lot earlier in end of December it picked up a lot and now it’s basically mid like almost mid um and uh there is of course BTC dominance um look at that wow look at that candle that is that is the sort of candle we would like to see on a lot of altcoins Benjamin K’s basically looking that chart he’s like dominance dominance is going up but it’s to look at that spike in dominance now yeah it’s basically on an uptrend it’s fell down a lot in December as people were thinking we’re going to be going towards the AL season and boom checks that out so Bitcoin dominance is rallying and then also um others market cap when this is excluding the top 10 altcoins it’s the smaller altcoins that’s just been for instance obviously it’s kind of related to the it’s obviously the inverse of Bitcoin dominance to a degree that is brutal not quite as brutal as eth BTC but that’s currently in the bottom of the Mariana Trench yes e eth BTC is is is at very high pressure depths um right now okay uh well it’s worth I I guess it’s worth pointing out the altcoin market has done a 4.4x in this cycle yeah um but Bitcoin is still as we speak around 210% ahead in relative growth and that is the widest gap of the bull run so far and um historically an altcoin season begins when altcoins outpace Bitcoin for 90 consecutive days which as in case you haven’t noticed has not happened yet I think we’d be lucky to get 90 consecutive minutes exactly oh man yeah okay so um so so why is this happening why are we seeing this weakness in alt coins any has anyone got an explanation well stand the folks over at Standard Chartered who love to throw out bitcoin price predictions like their candy um they have a few theories I mean one is that institutional investors are now driving Bitcoin to new all-time highs and institutional investors are way less likely to Pivot into altcoins or rotate into altcoins it’s also the vehicles through which they are investing ETFs don’t allow for easy rotation because they’re a different kind of product um so that’s one of the things and um so they also expect Bitcoin to reach 200k and by the end of 2025 and ethereum to 10K bold prediction guys bold prediction yeah especially e to 10K yeah gone on a limb there um but yeah I think they they do think that once BTC and eth solidify solidify their positions some Capital will trickle quote trickle so you know it’s like a little trickle down economics okay A little bit of a trickle down to altcoins okay but not the same intensity as past Cycles right so this th well according to standard chart at this time really is different I think it’s also worth noting um that this today Monday the 3 of February um this is day 799 of the Bitcoin bull market um now historically Bitcoin bull markets last for 1,000 days so we’ve got 2011 days for alt coins enjoy it to try and catch up to get that 90-day thing so exactly so yeah it that timeline is pretty tight you guys catch up um yeah I mean it’s also another reason I would say guys is like just look at this chart here um look at that so what are we seeing here so this is number of unique crypto tokens over time um yeah so basically new altcoins bear in mind okay so look at no the previous all-time high altcoin season was November 2021 right so that’s you look at where how many altcoins we had there look at where we are now like that’s just a massive fragmentation and just like saturation in the space yeah and not just saturation from from the perspective of tokens right projects but also attention like who you’re a new be come into the space right you’ve got now you’ve now got to take a look on where you going to invest you’re going to come as the retail is coming retail is coming they’re going to look at that they’re going to say what what version of Pepe do I have to buy 15 different versions I know yeah 10 of which are scammed it’s like or you know can you explain the difference between this layer one and the 10 other ones that are offering highly performant scaling so or the 738 layer ex um and also yeah like speaking about these layer ones and layer twos we’ve had a proliferation of layer twos last week we had what abstract everyone’s making a big thing about abstract P penguins and then also layer ones we’ve got some massive layer ones launching in the next two weeks right so we’ve got barain monad Nan Mega eth all of these massively highly value High valuation projects that are coming to Market hoping to compete for that mind share and also liquidity from investors and uh I’m telling you it’s going to be difficult with all this you know all these altcoins so it’s saturation Max I guess something that people need to think about then at this stage in the cycle given you know seeing what is happening to the altcoin market in general I think it’s time you know I often say sort of if you if you’ve got a crypto portfolio you kind of want an absolute Max of around 20 different Holdings um you know and because otherwise it gets so so difficult to keep track of everything I know a lot of people have a lot more than that um but you know it’s it’s really hard to keep track of of a really Diversified portfolio but I think now everyone however bit however Diversified their crypto portfolio is unless they’re just in Bitcoin or you know Bitcoin and a couple of others I think everyone needs to start looking and thinking right what are my highest conviction plays here presumably Bitcoin for for the vast majority of people what are my highest conviction altcoins because not everything is going to pump not everything is going to get the insane gains that we’ve seen in previous bull markets because of what Nick’s just been talking about because there is so much fragmentation there is so much to choose from okay the pie has grown but it has been divided up into just countless slices um and the chance of you know everyone jumping on on the particular slice that you hold is much less likely so what what do you most believe will do well 100% and it comes back to this question of diversification right um and there’s a good saying that goes like instead of having all your eggs in different baskets have all your eggs in one basket and watch that basket closely right so understand exactly what you hold why you hold it focus on it intently large focused bets on high conviction cryptos yeah um so what could trigger a particular Alin R if any any size um potentially retail hype and Retail flooding in How likely that is depending on the markets who knows Bitcoin year in its peak of course um narratives could be an interesting one and this is why it’s sometimes good to look at narratives because narratives are easy for retail to understand and invest in particular narratives as opposed to trying to dive into 10 different coins within a narrative um so AI is obviously had a lot of Mind share of course there was three weeks ago ages ago ages ago when AI was big three weeks ago three weeks ago I remember yes I remember the days when good old days you know when AI ex when um you know virtuals was killing it and don’t yeah don’t anyways okay so yeah we uh yeah we can we can still see that hype flooding back into particular sectors again I mean it’s interesting like rwa is real world assets there seems to be okay there’s not much hype out there at the moment but that seems to be having a moment now um if you can describe any crypto sector as having a moment so I think yeah I mean I think we will see we will see prices uh go back up we will see you know people return but obviously as we pointed out I think in last week’s stream Trump is long-term going to be good for the crypto Market but he’s going to be unpredictable and we’ve seen that uh amply displayed over the last over the last few days yeah only that we know for 100% certainty is unpredictability yeah okay let’s move on and have a look at the wall of fame and the Wall of Shame We R [Music] wall never ceases to amaz they wanted to put that one twice just to torture us twice the broke Back Mountain okay on here there oh that is that’s better that’s very good um I I like the fact that I’m I’m froo in that one I would be fro there definitely um okay for the wall of fame this week uh we have picked you find people because look at the state of the market look at all that red but here you guys are you’re watching the stream you’re still engaged you’re paying attention optimistic in your comments you know yeah okay not all of you are optimistic some of you oh really some of you are losing your minds in the comments but you’re still here and we applaud that so you guys you Giga Chads are the wall of fame yes round of Round of Applause for come yeah there we go the coin Bureau team applauds you all um meanwhile it’s should be fairly obvious who is on the Wall of Shame today uh it is none other than the person who was respon who just a couple of weeks ago was responsible for pumping all our bags and is now responsible for dumping two weeks ago we on a stream and we’re in make crypto gr again hats in Maga red and now I’m wearing another red hat you’ve gone from mag red Tod this [Laughter] Vol as he as he giveth so he taketh way uh so yes so there is Donald Trump On The Wall of Shame um let’s let’s hope that doesn’t become a recurring theme uh over the next few months because if Donald Trump does spend a lot of time on the Wall of Shame oh wow it’s GNA be it’s going to be an exhausting year y okay there is some optimism though about USA though and crypto the cryptos in the USA and this is the whole made inusa crypto narrative it’s a whole new narrative um which was apparently sparked by rumors and reports that Trump was considering more than just Bitcoin for the Bitcoin well he renamed it they didn’t call it the Bitcoin strategic Reserve anymore now it’s called the digital asset stockpile yeah and uh there was also rumors that he could potentially include cryptos that are made in America or based in America us-based cryptos as a result coin Gecko and coin market cap have actually got an entire category made in the USA uh and um you know so there’s been a lot of speculation around what sort of cryptos could be in this category what def fines they made in the America crypto yeah yeah and I mean not not so long ago under the previous regime under the previous SEC regime um a lot of cryptos were sort of quite Keen to downplay any uh any associations that they had with America and it is quite a broad because you know crypto is obviously is is a global phenomenon um so yeah I mean how do you define a US crypto is it one that’s that’s based in the US most cryptos have nonprofit foundations which happen to be based uh anywhere but the US usually but you know like the likes of Switzerland or the or the British Virgin Islands or wherever um or it could be American Founders American Founders and are they based in the US as well yeah exactly so that’s one of that’s uh some of the criteria they used and part of the this is actually kind of some speculation that I saw last week and apparently it was spurred by state statements made by Eric Trump at Bitcoin Mina and Abu Dhabi apparently a favorable taxes for us-based cryptos so essentially no capital gains tax for us-based cryptos which I think it’s quite a long shot to be honest guys let’s be real um because they will have how you’re going to implement that would have to require Congress right and then of course all the questions around using crypto for tax evasion becomes clear because people will just use crypto to go and you know capture gains um there could be holding period exemptions and that kind of stuff but any changes to the tax code will require Congress so let’s put that aside for now but there was a lot of speculation and we actually also have a video on the main Channel right now which you can check out but there was a lot of speculation around what coins could be considered made in the USA coins and as a result could benefit yeah well I think first up um xrp kind of kind of might be the most American crypto out there I mean I think so yeah for sure they’ve been there for the longest period they started in San Francisco you know all us-based founders team yeah um so and potentially listing on the US Stock Exchange so you know um I think it’s definitely got the U us pedigree yeah uh another one is hyera hedera hashgraph and it’s harar coin um this is uh also us-based um hadera has a sort of governing Council doesn’t it with some major corporations on it um including the likes of Google IBM and um Boeing yeah well let’s not talk about Boeing um but well all three of those um us us corporations as well so uh Hera’s uh us um us credentials are pretty strong yeah then there’s cardano interestingly now although the cardano foundation is based in Switzerland Charles hoskinson is of course a US citizen born in Hawaii he lives on a ranch ranch in Colorado buff buff bison right bison so I mean that you don’t get more American than that he he F he flies a Black Hawk exactly yeah I mean living on a living on a bison Ranch in Colorado and flying a black that’s that’s about as American you get yeah so yeah and he’s also apparently had talks with the with um Trump’s team or with the transition team so there could be things taking place there that many many people in The Cordon ecosystem are excited about yeah you don’t um I I I remember now that I I remember reading a while back that uh Charles was born in Hawaii you wouldn’t think if if you had to guess which state he’d been been in ha been born in Hawaii wouldn’t be top of the list would it yeah it doesn’t have the Hawaiian Vibe so what vibe do you think you would have what state do you think would make sense for Charles to be born well I kind of feel I I kind of feel maybe like North Dakota oh yeah like like one of the Dak one of the Dakotas yeah sort of Midwest I think he’s got that kind of vibe I think he’s got that sort of very long cold Winters sort of vibe yeah exactly why he chooses to live in Colorado on a ranch exactly exactly but there there you are people can surprise you okay and uh another couple of us-based cryptos obviously um that we’ve talked about a lot salana and suie yeah of course they both are based in the USA have founding teams predominantly from there of course um and well salana was the chain of choice for Melania and also Trump’s mcoin so yeah for what that’s for what that’s worth yeah so and and as Aptos as well both born out of uh meta um and yeah as you say largely uh largely us or us-based founding teams there as well so there are a lot of uh cryptos that can count as made in America you know American aligned um so these will be ones I think to watch if if you know if Trump doesn’t turn his back on the crypto industry entirely um it’s worth pointing out that world Liberty Financial which is Trump’s defi project um has been buying a lot of of crypto recently including it’s um made a big purchase of move move indeed so this is move token of the movement Labs which is um a project which we’ve also invested in last year um and uh it’s basically uh it’s it’s basically like a collection of lay TW in ethereum a network of move based chains um and this is potentially many people are wondering okay obviously this to a massive rally in the price of move and a lot of people were interested in move um and more specifically in terms of potentially their view on movement move based chains I.E move programming language based chains and this comes back to the speculation around Su eptos um and also Eric Trump apparently holds some sui and of course epto PayPal which is a big um you know backers a lot of backers on Trump’s Administration are from PayPal pedigree yeah P David Etc Elon Musk they were early investors in aptose so yeah um and if you guys want to know more about move or movement um I did an interview with the founder rousi on the coin more coin buau Channel over there so you can check that out that was a good that was a good chat that yeah exciting yeah interesting dude yeah you know he’s 22 years old like A4 billion dollar chain or something like 22 hate it when hate it when young people achieve so much it really puts really puts things in perspective doesn’t it he’s lit L almost half my age yeah and he started coding it and he’s literally started they they started developing it like in their in their living room in their dorm room um in University um and like in romen noodles like this Facebook kind of like story it’s really interesting so worth checking it out good for him yeah good for him okay and yeah as Nick mentioned earlier we did do we had do have a video on the main Channel as well uh talking about the whole speculation into US based altcoins uh a lot more in a lot more detail as well so check that out okay uh we need to give a shout out to our wonderful brand partners for this stream ah yes of course so guys if you are looking to buy the dip if you’re ambitious enough um and you’re looking left yeah if You’ got some dry powder and you want to buy the dip um I couldn’t think of a better place to do it then probably the biggest crypto exchange out there with the most selection of altcoins that’s of course binance and we obviously have an offer for you exclusive 20% off trading fees discount for life and then a $600 bonus so if you don’t have a binance account use the link in the description below to sign up and of course once you’ve bought your crypto you’re going to want to secure it in the most secure Hardware wallet there is and these are of course Ledger Ledger is another brand partner of ours there’s the stacks and the flex yeah it has a couple of fancy new devices out now which I am going to be doing uh an unboxing and setup video for soon yeah um but yeah check the do check them out so buy it on binance secure it on AER and leder as well has an offer just exclusively for coin Bureau viewers where you’ll be able to get a $10 um you know you can claim $10 a Bitcoin through a gift card once You’ bought the crypto once you bought the wallet you can claim $10 and Bitcoin and then it can be sent to you um from ledger so there you go you get $10 additional when you buy any of leder devices there using the link below can’t argue with that okay let’s have a look at last week’s top gainers um yes bizarrely enough there are actually some gainers some have seen gains over last week not very many of them um and a couple of them uh featured in last week’s top gainers so first up we have dexi this is the Dow launch pad yeah um now as much as I can I think we talked about this on last week’s stream as well they seem to have recently introduced staking yeah um and that is the that is the most obvious reason I can find for why it’s continued to pump I think a lot of people obviously buying dexi in order to stake it y um next up we have Mantra yeah the mantr is obviously an rwa protocol probably one of the top in terms of like uh growth in terms of price appreciation over the past two months uh rwa is of course hot right now we’ve actually got two rwa videos coming out on the main channel so keep your eyes peeled for that guys okay um and also remember um Mantra did this thing like two weeks ago uh with a tokenization initiative of about $1.2 billion worth of deac properties and deac is a massive developer here in Dubai yeah um so they actually getting this Real World Adoption with property which is interesting because you know that’s not most of the rwa cryptos are focused on tokenized treasuries tokenized stuff you know assets like credits and stuff like that property here and of course it wasn’t so long ago uh that Larry think of Black Rock um was calling for everything to be tokenized he wants to see everything tokenized and obviously that is good for real real world asset protocols like Mantra okay next up is hyper liquid hyper liquid um has been performing uh well compared to everything else over the last week or so um hyper liquid is being shilled all over the place on crypto Twitter it’s very Community Centric kind of project because of course and we’ve got a video on hyper liquid by the way guys to check it out but it was obviously no VC funding um it was all self-funded and it was a big Community airdrop and as a result there’s naturally going to be a lot of community members who are very bullish on it and the reason it’s probably held up as well is because you know I think that because a lot of the token suppliers with Die Hard community members and the hper liquid team themselves or then um it’s likely that um there’s not going to be anyone deciding to dump and of course I think from a perspective of exchange uh listing they don’t have a lot of exchange listings and that’s because of the fact that you know they are a massive competitor to centralized exchanges right they’re at high performance decks Futures exchange yeah yeah okay so that is hyper liquid and then uh last but not least this should tell you this should tell us a lot about where we are in the Market at the moment um the other big performer of last week was tether gold X um gold has just hit a new all-time high just over $2,800 an ounce Peter Shi is probably like you know Peter Shi is no doubt bathing in liquid gold at the um so yeah so uh obviously um gold seems to be the flight to safety of choice at the moment all right let’s have a look at some of the tweets from last week how about that I remember the little insert there we go slowly slowly becoming a professional operation this um okay uh first up was this tweet from uh sorry that wasn’t a comment on the on the wonderful um production team here at coin I’m saying slowly slowly I’m remembering to leave a again imag that snide comment you’re gonna get G get remember guys I didn’t make that comment guy did right so sorry sorry coin production team um okay this first one from froess froess please that’s um I don’t fear a man who shs a thousand tickers I fear a man who shs the same ticker a thousand times totally agree it’s one thing I’d rather someone who is able to Pivot regularly it’s fine if they do it all the time okay but someone who’s got so much uh like die hard that they’re going to hold this thing to the ground only sh one token never change never change their thesis that is a tricky one you know yeah yeah yeah okay uh let’s have a look at what we got next uh this one from W crypto I’m loving it The Hat to you sir yeah it it matches uh it matches what we got on your hat the Whi no no longer the sphere no sphere yeah okay uh next up we have this one uh oh this is one of ours we I quite like this so we posted it earlier today this good yeah that’s exactly it that’s the feeling it’s kind of a really funny comment one of our team rahee made like the guy on the right look like one of the old quelli guys yeah I suppose he I suppose he does a little bit you guys okay one thing for sure though the view that the waga on the right is kitten is nothing compared to he’s probably just watching his underwear like you know yeah yeah well manifesting manifest in the B crypto 2025 altcoin season dreaming of one day it’ll be a private jet okay next up this one now this is an interesting one no Nick talk us through what was here so this is interesting I saw this on the weekend this gains so much traction and attention like look at the engagement it’s crazy and people so it’s this guy he basically and i’ i’ follow I’ve seen his tweets many times before I know he basically does a lot of these um [Â __Â ] posts and kind of stuff and uh this basically was he says okay the tldr that he said he’s like um was a lead Market maker at jump and he had an NDA and now he’s allowed to speak about it and you know you can he he had this tactic where he painted the tape and on the weekends and how he used the weekends and how this tactic was used by jump to like trick retail and and he followed crypto Twitter accounts to see when they were talking about and he said my alias in Jump was Vincent van go and that isn’t because I lost my mind well that too but because I painted some of the best looking bear traps now obviously guys I me if you read that whole thing and the whole thing you can kind of sense that this is tongue and cheek this is [Â __Â ] and it was a bit of a lop um so it’s it just shows you like the fact that it got so much engagement it shows you how you know crypto Twitter is kind of like jumping on this thing quickly without actually doing the research but also what’s interesting here is that after this he got hit with a parody account okay so he used to have a gold gold check mark and all this kind of stuff and then I don’t know I assume jump because one of the people replied I mean he said you know you got to be careful because jump wouldn’t like this if it was a falsehood and they labeled him with a parody account now so be careful with um you know too much uh too aggressively making up stories on Twitter guys oh just another day on crypto Twitter okay and final tweet of the week is this one from fou it’s true it’s true ethereum is Canadian the equivalent of the the card USD pair is completely shut in the bed oh oh it wouldn’t be it wouldn’t be a live stream without um without uh dunking on ethereum a bit okay uh let’s have a look at some coins to watch this week yeah coins to watch so firstly uh pudy Penguins tomorrow is the final day you can claim there’s still 15% of the total Supply that remains unclaimed okay this is penu tokens um so if you guys have not claimed yet you may want to check your wallets was a very wide distribution so you may have some penu sitting there still a lot of penu out there to claim I guess I guess all penu holders all current penu holders um will not want them to claim because I believe any unclaimed penu gets burned yeah I’m I haven’t checked my wallet guys so if there’s any there gets burnt and you know credit to you you get you get some of so if pengu does does a massive leg lower you’ll know that Nick has just claimed his allocation okay uh another one to watch uh this coming week in fact uh its main net is uh being released in about 3 days time now this is a project that we here at coin Bureau have invested in uh this is nilon now this is one of the most anticipated launches of the year yeah another layer one so they’re basically all very all about privacy and like you know using private data and keeping data private on a distributed Network they use this thing called n message message compute they’ve been building for quite some time as well I think like three or four years so it’s very anticipate lots of people are excited about it but again it’s you know it’s another layer one launch so we’ll have to see how it goes and there was also a coinless sale I think and there was a campaign so yeah a good to watch well I bet they thanking Donald Trump yeah exactly uh yes so let’s see if that launches okay and some dates for the diary what have we got look forward to this well tomorrow we’ll see will the tariffs go through yes or no um or Will trump walk them back so everyone’s focused on that um tomorrow’s the day they will officially be implemented against Canada China and Mexico and then the 7th of February as we we alluded to it’s the unemployment numbers NFP day uh previous was 9 256k UM and expected this year this week on 175k and unemployment expected is 4.1% which is also previous so depending on where the number Falls um it will you know be informed fed policy potentially and a lot of people are focused on this of course because that is of course if it’s like stronger than usual it means more inclin to want to cut more rates right so okay the FED itself okay um so then uh yes and of course yeah watching watching whether we see anything happen with those tariffs y exactly okay let’s have some of your wonderful feedback the comment section is is is pretty PVP at the moment I have to say um so I’ll just uh scroll through some of the um this is an interesting one from atics guys I’ve been through three different cycles and I promise you this run isn’t over this is a ShakeOut right now these prices are crazy discounts and we’re going to fly from here this whole year he well depends what he is what is he talking about Bitcoin or altcoins that’s the question right yeah so atics I mean you may want to clarify mate because um Bitcoin definitely is the cycle isn’t over no no doubt yeah um and also I’ve seen theories out there as well and this is on the super long term right that massive tariffs and global trade Wars can be positive for Bitcoin because currencies of other countries that are being tariffed will have to they’ll be massively depreciated yeah obviously and inflation and all that and as people’s savings get decimated it’s a terrible thing but is they do get decimated then Bitcoin is one of the ways to store value right yeah is it Jeff Park one of the guys at bitwise I think that he had some interesting stuff we put it we should have put it in the Stream but he had an interesting uh thesis um some of which was on Twitter earlier about how talking about exactly what Nick’s mentioning how um you know this this tariff crisis if you want to call it that could actually be long-term good for Bitcoin okay um uh Sasha makes a good point Gary gendler is laughing all the way to MIT true quite possibly true um we talked about uh US and Canada being allies apparently we aren’t allies now I don’t know whether that’s from a Canadian or from an American um there certainly a bit of tension there is I was actually apparently there were two games this weekend um a hockey game and a basketball game and when they you were and they were both being played home in Canada right so it was a home team in Canada against a US team when the US Anthem came on they were all booing the um the anthem so I think they’re very happy there unanimously they’ve got behind their prime minister which is crazy in Canada given how much he was disliked yeah okay well yeah you imagine the booing of the US national anthem probably won’t go down terribly well in some sectors um uh the CP Martin makes a good point The Smoking Gun is China it is in an 800 billion Surplus us is in a 1. trillion deficit Trump is clearly trying to claw that back yes Trump has talked a lot about the US sort of trade deficit and how places like China and I think the EU are running surpluses against against the US and yeah this is a this is a big reason of why he’s implementing these tariffs yeah no it’s true but then yeah that’s that makes sense from those at least from China’s perspective they are a geopolitical rival yeah you know okay uh some more some more wisdom here haggendal says guys let’s remember BTC has dropped 30% from all-time high in the middle of a bull run years in the middle of Bull Run years yes this isn’t this isn’t no this isn’t too unusual okay I know we I know we’re in a bull run I know it doesn’t feel like it um but these sorts of drops we do see these even you know even in a longterm uptrend um da Malone says um hold me guy tell me everything’s going to be okay everything’s gonna be okay it’s gonna be fine it’s gonna be fine just chill I like the fact he asked me to hold him I’m too intimidating sorry man but am I just cold you don’t want my love okay fine guys whatever whatever guys maybe it’s uh maybe it’s because apparently coin beer and Nick looks like the kind of guy that convince you of eating a eating a salad at wi D I would anecdotally if you ever go out for a meal with this guy oh my word the S yeah he wants a salad the dressing has to be on the side no croutons yeah I need to get a breakdown exactly what’s in there sometimes I ask him to break down the macros as well unfortunately this can be quite of an inconvenience to my guests but I’m being me guys just word words from the words to the wise don’t don’t go out for dinner with Nick okay just don’t um he’s he’s wonderful company but I Telegraph this to a few hundred thousand people I’m not gonna go on a d just Trump just nuked the markets I just nuke Nick chances of ever finding happiness um sorry not sorry okay and f um this one from Kel sha guys do you expect the market to shed another 500 bill when the nysse opens in half an hour could be a little could be a little bumpy I guess in bit what is he referring to bitcoin here um 500 billion Bitcoin I mean I think that um look I mean obviously markets are selling off in you know before the open right they’ve sold off in Europe and everything and the Futures are selling off as well so it’s not like there’ll necessarily be that much more Carnage because you know they already selling in you know expectation of a sell off already so it’s already kind of pricing it in but it depends if big asset managers are rebalancing balance rebalancing books rebalancing their portfolios and then they could have way they’re selling their Equity at the same time as the Bitcoin we’ll see but it’s not you know I wouldn’t expect too much Carnage but it it’ll be interesting let’s hope so I don’t think we want anymore I think we’ve had quite enough Carnage the last few days I got to say as well Trump doing this over the weekend that’s a bit much yeah that’s a bit much I think a lot of us just wanted to chill I for one don’t like to spend too much time looking at looking at crypto prices over the weekend especially when they’re absolutely plunging so thanks for that Donald appreciate it appreciate it okay that is all we’ve got time for folks thank you very much for watching thank you for sticking with us on a day when everything is red but yeah you know we here guys wag me for sure man yeah we will be back next week so we will see you then cheers no B baby yes I absolutely need the bathroom he does look like a saw back your own love this live you guys are killing it great stuff best K guys keep it up thanks guys you Ro I love this you guys are killing it great guys keep it up thanks guys you [Music] rock I tell you man I’m just going to sell everything man I’m going to move to bar I’m just so sick of crypto man listen listen you need to chill you need to chill it’s all going to be fine it’s all going to be fine you just need to just need to calm down a bit go and get some go and get some McDonald’s treat yourself I well man wait are we still on guys can you cut that really
