WEBVTT

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<v Speaker 1>Let's get into a US treasury boom that is looming today.

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<v Speaker 1>I'm going to break it down for you. There is

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<v Speaker 1>a lot happening in the market. You've probably heard me

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<v Speaker 1>mention Uphold before, and there's a reason I keep talking

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<v Speaker 1>about them. Uphold makes it incredibly easy to bridge a

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<v Speaker 1>gap between your portfolio and the real world. This has

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<v Speaker 1>not been done before. Their Uphold debit card is the

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<v Speaker 1>best example of that. It lets you spend your crypto

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<v Speaker 1>four percent back in XRP on every purchase. It's the

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<v Speaker 1>easiest way to stack rewards on your daily spending. Download

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<v Speaker 1>the Uphold app for more and get started.

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<v Speaker 2>Let's just get right into it.

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<v Speaker 1>I want to lead off here with this tweet right here,

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<v Speaker 1>and this of course by Secretary Peasant, and he hits

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<v Speaker 1>on a couple of points here, and one of the

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<v Speaker 1>things is all centered around the Japan carry trade potential

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<v Speaker 1>and what this looks like. But we strongly support Japan's

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<v Speaker 1>decisive market and monetary steps to correct the substantial undervaluation

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<v Speaker 1>of the yen. This has been something that has been

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<v Speaker 1>and brewing, and it's something even I was tweeting about

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<v Speaker 1>earlier this week is watch his next moves, and his

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<v Speaker 1>next moves have started to move because you've got the

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<v Speaker 1>Japanese yen now hitting a forty year low, and if

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<v Speaker 1>Japan were forced to liquidate a meaningful portion of his

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<v Speaker 1>treasury holdings right now to fund the continued intervention, that

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<v Speaker 1>level of selling would undoubtedly.

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<v Speaker 2>Push treasury prices lower and yields higher.

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<v Speaker 1>So this is something that we've kind of looked at

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<v Speaker 1>in the industry for quite some time. If you go

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<v Speaker 1>in here and look at the chart, you can see

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<v Speaker 1>the amount of US treasuries held by investors in Japan.

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<v Speaker 1>Primarily you've got Japan leading their way, United Kingdom, China,

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<v Speaker 1>and Belgium top four, but the Japanese are the ones

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<v Speaker 1>that have the most exposure to US treasury. What does

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<v Speaker 1>all this mean when you consider the liquidity that could

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<v Speaker 1>pour into the market. All of this centered around one

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<v Speaker 1>or two things, and part of this is going to

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<v Speaker 1>be the connection between treasuries and the yen. Here, of course,

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<v Speaker 1>was an interesting photo that was taken, and it was

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<v Speaker 1>during a conference where Bessett basically made one note, I'll

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<v Speaker 1>zoom in onto it for you right there by the

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<v Speaker 1>end JPY five to ten bill. This is the point

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<v Speaker 1>I'm getting at, guys. We are maybe encroaching an area

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<v Speaker 1>of a market position, especially where Crypto was. And I'll

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<v Speaker 1>show you something on the chart that has an eerie

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<v Speaker 1>similarity that could mean we could be prepping up for

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<v Speaker 1>a run here. But before we do that, I want

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<v Speaker 1>to show you a couple of clips here. This is CNBC.

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<v Speaker 2>Take a look.

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<v Speaker 3>You're a slide dog when you wrote that down by

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<v Speaker 3>five to ten billion and the printing.

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<v Speaker 2>Looked so big. You've done this before?

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<v Speaker 3>Ham you where you know people are looking over your shoulder?

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<v Speaker 3>Did you need to be reminded of things to do?

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<v Speaker 3>Buy ten to billion? Five to ten billion and yen

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<v Speaker 3>tell me what was really going on there?

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<v Speaker 4>The second well, I just wanted to make sure that

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<v Speaker 4>all the reporters looking over my shoulder also knew the

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<v Speaker 4>symbol JPY for the Japanese.

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<v Speaker 1>Yet you have to look at this right here, and

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<v Speaker 1>that is Japan's wealth is now returning to Japan, and

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<v Speaker 1>it may be by any means possible. This of course

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<v Speaker 1>has been done and centered around the Bank of Japan.

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<v Speaker 1>This is why I think you saw best and a

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<v Speaker 1>good example of that right there. Further into this, this

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<v Speaker 1>is the interesting point right to in Japan's era of

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<v Speaker 1>low interest and rebuild the nation's wealth or continue yielding

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<v Speaker 1>to a current pressure of the United States at the

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<v Speaker 1>expense of Japan. So this is the challenge. And as

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<v Speaker 1>you guys remember, we've done a whole slew of videos.

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<v Speaker 2>I'll show you here in a minute.

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<v Speaker 1>But the point is is that Japan is very centered

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<v Speaker 1>around digital assets right now. It really matters because this

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<v Speaker 1>could be everything where we get the carry trade now

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<v Speaker 1>coming on chain. I want to play a clip for

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<v Speaker 1>you by Andre Jick that kind of goes into that

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<v Speaker 1>take a look.

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<v Speaker 4>And that is why. On July twentieth, Japan passed something

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<v Speaker 4>that's being called their version of America's Clarity Act, which

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<v Speaker 4>means crypto in Japan is now legally recognized as a

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<v Speaker 4>financial asset, which also means Japanese banks can now hold

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<v Speaker 4>those assets. But even more importantly, they're using crypto as

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<v Speaker 4>a means to offload their debt onto the world and

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<v Speaker 4>their own companies. Then August twenty twenty four, the Bank

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<v Speaker 4>of Japan increased interest rates by just a little a

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<v Speaker 4>quarter of one percent. The yen went up and a

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<v Speaker 4>part of that carry trade started to unwind, and in

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<v Speaker 4>one day, Japan's stock market went down twelve percent, the

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<v Speaker 4>worst day since nineteen eighty seven, and the US stock

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<v Speaker 4>market went down three percent. Millions of people here in

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<v Speaker 4>the US watched their portfolios lose money that day with

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<v Speaker 4>no idea what was happening. Nothing happened in the US,

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<v Speaker 4>but something was happening in Japan, all right.

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<v Speaker 1>So the point if you look at back in that area,

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<v Speaker 1>which was on August fifth, twenty twenty four, this is

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<v Speaker 1>what was going on in crypto, specifically big coin, and

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<v Speaker 1>you saw that master Wick where bitcoin dropped under fifty thousand,

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<v Speaker 1>and it happened for is a very short period of time.

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<v Speaker 1>We saw a little bit of a market correction. But

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<v Speaker 1>I want to show you something right here. This is

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<v Speaker 1>what happened after that. This is the liquidity flow that

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<v Speaker 1>we're talking about. This is maybe a scenario where Japan

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<v Speaker 1>could be leading its way. And the difference between August

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<v Speaker 1>of twenty twenty four and where we are right now, well,

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<v Speaker 1>Japan has completely architected a digital assets framework.

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<v Speaker 2>That is the big difference here.

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<v Speaker 1>So now they actually have a gateway and we have

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<v Speaker 1>put video after video talking about this. Guys, if you

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<v Speaker 1>have been following this, I mean it has been over

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<v Speaker 1>I don't know a dozen videos that we've been focusing

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<v Speaker 1>on for over the last year, focusing on where the

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<v Speaker 1>potential future of where this is heading, and right now

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<v Speaker 1>I think we are very close to it. Other things

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<v Speaker 1>right now, you've got to look at what's going on

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<v Speaker 1>in the traditional markets. Of course, is Blackrock, which is

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<v Speaker 1>getting much more active and in reference to two funds

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<v Speaker 1>that they've pretty much launched here somewhat in competition with

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<v Speaker 1>Strategy here, but they intend to qualify both of these

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<v Speaker 1>as eligible reserve assets for US payment stable coin issues.

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<v Speaker 2>This of course is all related to Genius Act.

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<v Speaker 1>You've got Blackrock doing this and dropping this today on

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<v Speaker 1>the week that we may or may not get clarity

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<v Speaker 1>as Blackrock knows something. Why are these tied so quickly

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<v Speaker 1>to exactly what the stable coin bill was really created around.

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<v Speaker 1>So remember this is both on Ethereum and on Solana,

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<v Speaker 1>And if you look at this right here, Solana kind

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<v Speaker 1>of showcases this Blackrock file with the sec The issue

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<v Speaker 1>at the token is fund shares on Solana fifteen trillion

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<v Speaker 1>in AUM assets under management. This is going to be significant,

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<v Speaker 1>and the push that this could put on the market,

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<v Speaker 1>including what Strategy was trying to do obviously with bitcoin,

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<v Speaker 1>may start to center around Solana and Ethereum.

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<v Speaker 2>Now, I want to show you one thing right here.

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<v Speaker 2>This is another example.

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<v Speaker 1>Something that happened with Strategy not too long and that

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<v Speaker 1>was the threat of the MSCI delisting strategy and the

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<v Speaker 1>potential impact. Notice that the ones that they're targeting right there, Metaplanet,

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<v Speaker 1>yellow Cake Strategy, all these Bitcoin and then even Sharplink,

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<v Speaker 1>which is e that's.

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<v Speaker 2>On the watch list. But this is the point I'm

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<v Speaker 2>getting at.

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<v Speaker 1>Maybe there is some sort of very unique or eerie

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<v Speaker 1>coincidence here that this is all coming together at this

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<v Speaker 1>time when in fact you've got Strategy selling more bitcoin

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<v Speaker 1>than it has ever sold ever and has not been

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<v Speaker 1>a buyer of bitcoin in the last several weeks, So

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<v Speaker 1>be on the lookout. Master is selling bitcoin every month

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<v Speaker 1>since June. Right there's the chart just to kind of

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<v Speaker 1>give you an example of it. Three big red weeks.

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<v Speaker 1>So this is the thing to continue to watch at

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<v Speaker 1>right now. And there has been a lot of analysis

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<v Speaker 1>on this that is kind of pointing in this direction.

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<v Speaker 1>So there may be a market vacuum that could be

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<v Speaker 1>fit by Ethereum and Salana.

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<v Speaker 2>So let's stay on ethereum real quick.

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<v Speaker 1>I want to showcase Ethereum over bitcoin and why this

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<v Speaker 1>might be a play.

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<v Speaker 2>Here's a clip. Take a look.

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<v Speaker 5>Crypto has been in a ridiculous bear market for a

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<v Speaker 5>very since since October, so we're coming up on ten

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<v Speaker 5>months now of bear market. Bitcoin bottomed, a lot of

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<v Speaker 5>other cryptos haven't, and that's very very true. I mean,

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<v Speaker 5>the dichotomy is there. I mean, we saw a rally

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<v Speaker 5>of ethereum versus Bitcoin last week. It kind of bounced

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<v Speaker 5>off the point zero three level and it's now point

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<v Speaker 5>oh two nine and a half or below. You know,

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<v Speaker 5>why does this matter. It's because, well, Tom Lee has

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<v Speaker 5>been buying while Salor has been selling, and so that's

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<v Speaker 5>probably the biggest reason for that. So it's you know,

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<v Speaker 5>liquidity does tend to trump things.

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<v Speaker 1>All right, so he does hit on it right there.

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<v Speaker 1>Liquidity is the big player and that is one of

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<v Speaker 1>the keystones of where Tom Lee has built his business around. Remember,

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<v Speaker 1>his situation is completely different than that of Strategy, which

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<v Speaker 1>is one where there are ar income and being able

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<v Speaker 1>to actually put that income to work, so completely different

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<v Speaker 1>situation here.

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<v Speaker 2>All right, so let's jump over to Ripple.

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<v Speaker 1>This course is Monica Long kind of hitting on her goal,

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<v Speaker 1>and Ripple's goals continue to become a full stack digital

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<v Speaker 1>asset infrastructure. A couple of moves they've made, of course,

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<v Speaker 1>one is investing in Xilo and the other is into Liquido.

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<v Speaker 1>Interesting name, as we may get a lot.

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<v Speaker 2>Of Liquido into the market.

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<v Speaker 1>But the point being is that this could be moving

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<v Speaker 1>in a direction that is now somewhat competitive with Blackrock.

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<v Speaker 2>As you can see.

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<v Speaker 1>Here, State Street was one of the Series A investors

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<v Speaker 1>with Zilo, and this is a big deal because that's

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<v Speaker 1>almost sixty trillion in assets under management. You look at

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<v Speaker 1>this right now, this is clear that we are talking

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<v Speaker 1>about Ripple trying to go head to head with some

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<v Speaker 1>of the biggest ones out there. Remember State Street being

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<v Speaker 1>why holding in there, But of course Blackrock also starting

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<v Speaker 1>to enter.

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<v Speaker 2>This place as well.

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<v Speaker 1>I want to play a clip for you though, because

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<v Speaker 1>this will get into maybe how the market will respond

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<v Speaker 1>to this, because this is the thing everybody's watching right now.

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<v Speaker 2>You're looking at what's going on in Japan.

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<v Speaker 1>You're seeing all of these major financial institutions in social

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<v Speaker 1>capital preparing for something?

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<v Speaker 2>What are they preparing for? Tom Lee sets it up?

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<v Speaker 3>You shook me. What was the draw down? You said,

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<v Speaker 3>I could have gotten to a six handle on the

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<v Speaker 3>S and P based on the numbers you were talking.

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<v Speaker 6>Yeah, something they'll feel like a bear market, you know,

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<v Speaker 6>ten percent kind of draw down.

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<v Speaker 3>That's what you thought that it did get down about

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<v Speaker 3>seventy two hundred, nowhere near six.

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<v Speaker 6>Now is that enough?

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<v Speaker 3>Now?

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<v Speaker 2>You know?

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<v Speaker 6>I think August is a month to recover. What how

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<v Speaker 6>June and July have been sort of flat months, but

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<v Speaker 6>earnings have your investments have gone up a lot, So

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<v Speaker 6>the stock market's kind of a coiled spring. So I

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<v Speaker 6>think the markets could actually rebound strongly this month, like

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<v Speaker 6>maybe we get to seventy eight hundred.

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<v Speaker 3>Is that forecast for the ten percent draw down still intact? Yes,

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<v Speaker 3>it is.

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<v Speaker 6>Yeah, So because as we start to look at twenty

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<v Speaker 6>twenty seven, there's a lot of the clouds that are

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<v Speaker 6>heading this year kind of lift. You know, the SpaceX

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<v Speaker 6>unlock will be behind us, and the market testing of

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<v Speaker 6>the new FED will be behind us, so I think,

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<v Speaker 6>and then of course there's already been a leverage online,

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<v Speaker 6>So I think twenty twenty seven could be one of

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<v Speaker 6>the best cheers for the stock mark.

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<v Speaker 1>All right, So Tom kind of hits a couple of things.

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<v Speaker 1>He says there that remember, and we've talked about this

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<v Speaker 1>before on the show, is that he's been anticipating a

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<v Speaker 1>pretty big drawdown. The drawdown they were kind of narrowing

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<v Speaker 1>in on wasn't as large as maybe as Lee as

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<v Speaker 1>thought it was going to be. Doesn't necessarily rule it

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<v Speaker 1>out just yet, but also positions August as maybe a

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<v Speaker 1>month for a recovery or at least heading into recovery.

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<v Speaker 1>He of course, key things here are always going to

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<v Speaker 1>be the macro headwinds that are facing this market, and

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<v Speaker 1>it also faces crypto. But with what's happening in Japan,

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<v Speaker 1>and now you add this in here, which is potentially

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<v Speaker 1>again this whip saw one oh one coming out of

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<v Speaker 1>the Trump administration. But Besst now says a deal with

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<v Speaker 1>Iran could be announced as soon as tomorrow. We've heard

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<v Speaker 1>this a lot of times, guys, I know that, and

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<v Speaker 1>the market in most cases is somewhat numb to this

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<v Speaker 1>right now. But if it were to occur, I'm just saying,

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<v Speaker 1>if we start to see that kind of adjustment, it

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<v Speaker 1>could be one of those things where Trump is finally

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<v Speaker 1>just fatigued and wants to get out of this last

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<v Speaker 1>point right here Trump, And this kind of makes me

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<v Speaker 1>think that that could be a possibility, because Trump's trying

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<v Speaker 1>to lay down deadlines that you know is not going

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<v Speaker 1>to be met. He may do that just in the

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<v Speaker 1>sense of having a slight win or trying to claim

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<v Speaker 1>a slight win. But the point is is that all

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<v Speaker 1>of this could start coming to a head. If it does.

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<v Speaker 1>Timing is eerie here because you've got what's happening in Japan,

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<v Speaker 1>You've got potentially the Fed now maybe looking at a

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<v Speaker 1>reposition on policy coming out later this year, and you've

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<v Speaker 1>got somewhat of a slowing economy. So there is a

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<v Speaker 1>lot of headwinds that are all starting to cross together

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<v Speaker 1>somewhat of a perfect storm here.

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<v Speaker 2>Guys. We're going to keep a very close eye on this,

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<v Speaker 2>so stay tuned.

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<v Speaker 1>If you like this video, hit like and subscribe, drop

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<v Speaker 1>a comment down below, and also join our free private

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<v Speaker 1>member group.

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<v Speaker 2>The link is in the description