Crypto Chaos: Surviving Bank Runs and Stagflation

#Bitcoin #ETH #SOL #AVAX #ARB #OP $FRC $PNC #stagflation

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0:00 Intro
1:25 Bitcoin dominance has increased from 39.5% to 48.5% since the start of the year.
2:18 BTC drained from Exchages As First Republic Bank disintegrates, over $200M worth of Bitcoin was pulled from exchanges yesterday.
3:00 Top Assets YTD
4:05 DeFi protocol 0VIX was exploited via a flash loan attack that manipulated the price of an asset. The team has reached out to the hacker, but they remain silent.
4:45 L2 Retention Optimism and Arbitrum
5:50 AVAX has been removed from the K33 Vinter Quality index due to concerns about inflation and ownership concentration.
8:00 Solana Dex Volume back to Pre FTX Crash levels
8:55 Tesla has won the KBB 5 Year Cost to Own Award.
10:40 The Bank of England's chief economist has said that British households and businesses need to accept that they are poorer and stop seeking pay increases and pushing prices higher.
12:20 The US economy grew at a slower pace than expected in Q1 2023, raising concerns about stagflation. The Federal Reserve is expected to raise interest rates by 25bps at its next meeting on May 3.
14:00 What Stagflation Looks like
15:00 Sweden's retail sales fell by 13.4% in March, the most ever.
15:45 Debt is a response to productivity gains, which should be flowing to society in the form of lower prices. However, these productivity gains are instead being stolen and concentrated at the top through manipulation of money.
17:22 All Roads Lead to Bitcoin - Bitcoin offers a higher yield than savings and non-demand accounts. It is a more secure investment than fiat currencies. It is not subject to inflation.
Deposits in savings and non-demand accounts have fallen by nearly $2 trillion since the start of 2022.
18:00 Impact of Rate Hikes
18:50 Alarm Bells: Federal Home Loan Banks (FHLBs) provide short-term loans to member banks. In Q1 2023, FHLB advances hit an all-time high of $1.04 trillion.
20:00 The failures of Silicon Valley Bank, Signature Bank, Credit Suisse, and First Republic are a sign of the stress still pervading the US banking system.
21:52 Russia is trying to reduce its reliance on the dollar, which could lead to a shift away from the dollar as the world's reserve currency. If the BRICS currencies gain in popularity, it could lead to a decline in the value of the dollar.
23:39 Gold is the only option for emerging central banks.
23:30 The 2024 halving event is just around the corner, with less than 53,000 bitcoin blocks left.
Bitcoin's supply inelasticity reinforces its position as the only alternative to arbitrary, bureaucratic fiscal policy and never-ending debt monetization policies.

[redpillrepository]

Yes, James is such a tireless machine. Only someone who is fascinated and dedicated to markets puts out amazing material like this day after day after day 🤙

[SkylineBilip]

I can tell you as a Swede that one of the reasons that sales fell so hard is because the government decided it was a good idea to shut down nuclear power plants scross sweden because ”environment”. And then things happened across the world and our electricity bills went from 2.5 usd per day on avarage to 80 usd per day on avarage. Nobody could buy anything except pay their bills. Meanwhile they closed one of the remaining plants down for maintanence just as winter -22 began. Yay.

[stingerfist]

Thanks mate for your wealth of knowledge, UK supporter here, that comment from the Bank of England was pathetic to say the least I couldn’t believe my eyes, efforts are increasing to regulate crypto further to. New to crypto and your videos helped me a lot during my night shifts in Covid. I am hoping to enter the crypto-verse again after a period in the dark

[whimsythecrypto-hippy-wolf]

Thanks for that James, it was a really good summary of why BTC is so important!
I've put 10-20% of my disability pension into BTC & USDC/T (to use to buy BTC dips) for the last nearly 2 years.
God willing i will be able to acquire 1 whole BTC before its too expensive to do so!
With the final goal of being able to (hopefully)borrow against my bitcoin some day to buy land to be able to pass on to my children! 🙏
You've got to have a dream! ☺
✊

[JuliaB]

I love to see the younger generation egolessly show respect and appreciation for the people whom they admire, but young man, I don't think you realize that you are fast approaching the level of a Michael Saylor and the others. You are incisive and highly knowledgeable. I'm in awe of YOU. God bless. ~Julia B. in Florida, USA

[veshares]

James you’re a rockstar amongst rockstars

[piranhafish]

He is the Chief This explains a lot!!!!

[cristinenguyen]

Thank you James🥰thanks for all your work🙏

[jonEmontana]

Super scary global situation. Crazy how the markets discount all the contagion so much. Thanks for your hard work James ❤

[bertholdreimann]

And again: Greatful thanks for your incredible work for us! Unbelievably helpful! God bless you!

[steveo]

Counter points to a lot of the news and fear mongering throughout the main stream media and hit-starved youtubers. Great content James. Tha

[softstart]

This time I'm pumped just listening to this message. So nice to get it straight and not inflated BS. Thanks James for your continued efforts. 😊

[ambertraceyy]

When it comes to the amount of gold stored in vaults, central banks may simply lie, but not with Bitcoin. This is why I think countries will decide to use gold (and maybe oil or other commodities) to "back" their currencies rather than bitcoin. Pulling my money out from the banks and looking to invest more in the financial markets. If i cannot trust the banks, i can at least trust the financial markets. I hope!

[jeffwoo]

The man. Your very much appreciated!!!

[Bman]

Scary times for sure…glad to listen all the way through even though I missed attending “live” today! ✌️👏😊🙏 Keep up the great work and research James & IA team! 👊🙌

[ForgiveThemFather]

Love your work James thanks for helping me learn!!

[ameise]

Love your sweet soul and positive energy.

[saywhate]

Great content as always James. You always keep it real. Your content always come from a good place. Appreciate all that you do for the crypto community.

[Benemortasia]

Dangit at 10 o clock my time I most of the time the start of my walk home, i should switch that shedule :P

[JohnBoxer]

Hey James, here’s something you didn’t know, you mentioned Huw Pill in your segment, Huw is pronounced “Hugh”. Love this show!