Election Mayhem Incoming🚨Is Bitcoin Ready?

0:00 Midterm mayhem is happening today. We'll break it down and get into what is the crux of where the market is heading. I want to thank our sponsor today. And that is Tangium where you guys can get into full self custody, very easy to do your secure crypto hardware wallet. And one of the things about Tangium that I think a lot of people misunderstand with self custody is the ease of use and also the ease of being able to get this set up for you. It's like a credit card works with your phone, always present. make sure to get a three card set. So you've got a backup, but you guys of course can use our link down below.

0:33 It's going to give you a 10% discount and they also have several offers from time to time. So always check what's going on over there on the website. This is the self custody to use. So make sure and check it out. Tell them we sent you. Let's start off though with this tweet. And the one I want to kind of focus on is the line list of items that are happening just this week. And remember this week, right before midterm elections, You've got the 26th U.S. market opens. This, of course, is after Trump is holding a tax on Iran.

1:04 You've got ADP employment data coming in. You also have the FOMC meeting this week. Also, Google and Microsoft earnings are happening. Then you have the PCE coming in late in the week, along with GDP data and, of course, Amazon earnings, which will be interesting to see. And then lastly, maybe one of the most important is the Bank of Japan's interest rate decision will be coming in on the 30th.

1:26 So all of this happening prior to midterms. You consider that, and then you look at the Fed decision. I want to go to the October, pretty much a lock that we're going to get a no change right now, holding at 91.5% for October 28th, which is happening this week. Could be the most boring Fed meeting if this is in fact going to be the case. The question though, is what he talks about going and what he's looking into for December. Because if you look at the December data, Now we're talking about an 80% almost potential of a rate hike of a quarter basis point. So this gets into a whole layer of things that how this market could flow midterms after a no change on the FOMC meeting and the Fed. Then, of course, midterms happen. And

2:16 then you've got this right here, which is the midterms themselves. Democrats, 65% chance of taking the Senate. We already see right now a 93% chance of the Democrats taking the House. So if we do get a blue wave, this starts to change maybe how this market will perform. If anything, it's going to settle the uncertainty because we will start to see things happening in D.C. that may actually charge in the side of a little bit more uncertainty. But I think the markets themselves will look at it from a settled point. and may be able to react to that.

2:49 If you look at midterm elections and post-market reactions, you could go back all the way to the 2018 elections where we had a little bit of a dip on Bitcoin and then boom, right there. Joe Biden, couple of weeks and then climbing. Well, here we are right now and we are moving into a midterm that could see a similar reaction. Even if you go back to Barack Obama, that was in 2014, market was down. And then the market went up. So I think that's the key here is you've got a lot of uncertainty of what is going to happen in D.C., not necessarily from a regulatory standpoint, but I think just in general, the country looks at it from a standpoint of are we going to start to see maybe some changes, whether it's on inflation or

3:36 how the market and the economy might react? And if we do see a change in the White House, things could be going in that direction. So you have a lot happening for sure. You have the Israeli Prime Minister, Netanyahu, has now repeatedly asked Trump for more public support ahead of Tuesday's elections. Elections around the world are now in distress and the White House is out there actually in a position where they could see this as somewhat of a sign of a desperation. And I think that's the question, is as we see these elections come in, how does this play out in the United States? Because it's happening in Brazil. And here is the real question. How does it happen next week here in the United States? So

4:19 Lula was declared the winner of Brazil's election. Bolsonaro comes in, completely rejects the results. And right after that, you get this, a pour-off in the Brazilian stock market. So that is the concern you have, is do you get some kind of major event, an October surprise that might happen in early November? Whether it's AI, infrastructure, threats, who knows what, do we get any kind of unusual activity around the midterm elections that could push the market down? Anthropic came in and actually revealed this, that Claude has already accessed Georgia voter information without any human authorization. This is just days before the midterm. That's the concern I have, is these kinds of antics that may cause things to either

5:07 slow down or get into a position where elections are questioned highly, like what we saw there in Brazil. You also have Bitcoin breaking below 80K. Many people concerned about Iran fears, but I think the real question is really midterm fears is what I fear is we are going to be facing this week. And still, as we're trading today, dipping into 79,000, Bitcoin has actually done it. One note in this article I want to hit on right here, along with the big week that's ahead, we've got Robinhood earnings happening on Tuesday. If you follow the Twitter right there, stars are aligning. There are seven assets coming in in four weeks, all starting tomorrow. So you can kind of see some familiar faces in there. Tan, Ando, a handful

5:51 of others, including Swee and Hedera, all making their way to Robinhood. So be on the lookout for some news around that. Another major potential. Fear and greed, though, is hovering right now at 43. My anticipation is this is actually much more bullish than I feel the market respects right now. I think it should be lower than this, but right now holding at 43 around fear and greed.

6:18 Other things you've got, Bitcoin down 7.3, gold down 7.5. These are the two worst performing major asset classes in in 2026 so far. However, if you go back and look at Bitcoin since 2011, still the highest annualized return. Many of you were not in it, but even gold is still returning 6.3% annually. And then gold also surged 63% in 2025. So it was one of the biggest, but also making a sharp decline here recently. So Those are two major classes. And I think many investors look at this and are concerned. These are the kind of things that start to set them back in how they put together a strategy, especially going into a post midterm timing.

7:03 Strategy hit the brakes on Bitcoin acquisition. And this went from a 1600 Bitcoin in one week to zero in just a month. So you can kind of see the line list of purchases there. They have definitely started to slow. Many people say, OK, well, that's because Bitcoin is starting to come down. We're looking for a new price entry. OK, sure.

7:24 But most of the time, Saylor is bearing very strategic around how he's acquiring Bitcoin. And timing really had not necessarily been an issue. You've got another major issue happening, and that is hackers just hijacked 70 different brokerages. And now you've got Japan's internet group confirming a major cyber attack on their desktop cloud. this, of course, starts to represent an issue that I'm still mostly concerned about, and that is the traditional finance ecosystem, banks, brokerages, etc., as well as mini pension funds, money market funds. These are vectors that I'm very concerned with around where AI and potential hackers that are AI-assisted really have a chance to start to cause a lot of mayhem going into this.

8:13 You have Claude, developer Anthropic, officially filing for its IPO, saw this go out and get the listing under the ticker ANT. And this, of course, is happening despite an $ 80. 7 billion net loss and $ 16 billion in the first half revenue. So you look at Anthropic, you compare that to what happened with SpaceX and And you're doing it at a time, really, that things are so volatile. I just don't know if this is the perfect time for Anthropic. I understand this is a space race or so much, you know, an AI race. But I just don't know if this is the right timing for this going to market. Again, I get that they're really trying to compete with what's going on with OpenAI. I want to go to a clip because these are the things to watch around this listing.

9:03 Take a look.

9:04 And it's shown, frankly, massive growth. Revenue in the first half of the year, $ 16. 3 billion versus $ 1. 2 billion a year ago. But a net loss of $ 80. 7 billion overwhelmingly distorted by accounting charges. There is no price. There is no target raise and thus no valuation yet. All of that in terms of the prelim offering is not in it.

9:29 Of course it's not. But the reality is that compute economics in 2023, compute was 10x what revenue was. And now compute is about 55% of revenue as of the first half of this year. So that's clearly improved, but it is making a big future bet. One thing I would just underscore, guys, to leave you with, there is nothing really in here for financials for the third quarter.

9:52 And so they're going to have to do an amendment, right? And we'll get an S1A nearer to that period in November where we'll learn about the country's current trajectory. But Q2 versus the reported Q3 revenue number of $ 16. 8 billion would represent decelerating top line growth. So we need to understand why that's happening. All right.

10:11 So the key thing here, understand why this, I think, is the race is on. You're going to have a handful of winners. Anthropic most likely will be one of them. The real question is, is how much damage does it do to the company if we continue to see these kind of slowed growth numbers that he's talking about? And I would agree with that. This is one that, again, I still had the concern with SpaceX. Yes, it came down.

10:34 We anticipated that. However, now it's started to rebound. Maybe that was a great opportunity for those. But remember, a lot of these investors, these early investors in many of these companies like Anthropic, like SpaceX, they have all of these opportunities of unlocks that start to damage this stock going forward. So be very cautious with any of these that we don't see real correlation to profitability or at least growth that is in line with costs. And that's the concern I have most around Anthropic. Other things you have to look at is you've got Korea even jumping into the mix here where South Korea is postponing its proposed 22% crypto tax. Again, remember this started back in 2020 and now they're moving the launch Instead of 27,

11:19 now it's 29. That will be a decade. This will be the fourth delay. So I don't know if it's going to happen for Korea at this rate. And why would you not be able to correlate this? Either one, they see a flight of tax revenue, or they have such an antiquated system being able to manage this that they just don't understand how to get there. Either one of those is bad, I think, for South Korea, especially around what we're seeing with crypto taxes. Google Co-founder Larry Page now has reportedly moved into a Miami home to avoid $ 15 billion in California taxes. Not surprising. We've already seen an exodus of most billionaires coming out of California, putting more pressure on the state. And I think this

12:03 is only going to continue right now for the state of California. I want to jump to this clip right here because this is Alex Karp. This is the Palantir CEO talking about, well, hey, listen, if you tax us, guess what's going to happen? Here we go.

12:16 Something that I think will happen in this country, which is some kind of crazy wealth tax. By the way, everybody here understands once you tax me. Everybody is going to be taxed at some point with a net worth of a million dollars. And, by the way, what people have underestimated is that extends the surveillance state, something people think I power, but I'm actually anti-power. Because to understand someone's net worth down to that level of granularity, you would need a very powerful product to look at all of their assets in real time. And how do you value those assets? And at what point are they sold?

12:49 I mean, this is your metier. It's much, much more difficult. But it's, well, it's difficult or it's much more punishing because you can just say, well, we're going to impute at the highest level, right?

12:59 So you could make it.

13:00 Very difficult and it could work. I don't think people have the competence to do that. And I don't want to be involved in that. Our products probably could do that.

13:06 All right. So what you had there with CARP, it almost looked at as though it was a threat. And that is in the essence of If there's going to be tax on the billionaires, we are going to go out after all of these individuals that potentially, and what he was talking about was evaluating assets for people that may or may not necessarily be a millionaire or even hold those kind of assets, but it could be valued at.

13:28 And of course, they're building all these AI products that most likely will be used to establish this. So something to consider as we start to see this happen, because it's going to happen real time. One other thing I want to get into, and that is the volatility of the market. Can you use it to your advantage? Take a look.

13:47 Last week, a lot happened. The market is broadening out. I know technology got hit really hard last week and month to date. And then I thought last week we got SpaceX and we had Meta and we're starting to see monetization. And I think you're going to see that this week with the other names that are going to be reporting as well. Earnings are running up 38 percent and revenues are running up about 11 percent. So I feel pretty good. I think you want to use the volatility to be adding.

14:13 30% jump in corporate profits is expected in the third quarter, but two companies, NVIDIA and Micron, account for 34% of that growth, those two companies alone.

14:23 All right, very centralized to the point of profitability, because many would say, well, hey, listen, we're seeing profits, but at the same time, it's very isolated into a handful of companies. But I think the point to watch is maybe after midterms, barring some crazy issue that occurs this week and early next, maybe the opportunity is here for the market to see an upswing. On another note, I want to hit on, and that of course is CZ is actually ringing the bell over at the NASDAQ exchange, amping up the BNB standard. This of course is a BNB standard digital asset treasury for BNB. I don't know if this is bullish or not bullish, but the point you have to look at BNB, a major force in global crypto communities is And many investors, this has been

15:10 a big one. Now you've got a DAT company trading on the U.S. Stock Exchange. Here, of course, was Tom Lee talking about this. And it was not necessarily Tom Lee, but within Fundstrat, Lee's company. But this was Mark Newton talking about it. And he says right now he thinks we're going to buy the tip in technology. And he thinks this is just another dip and it's the right time to buy. So What do you guys think? Is this the right time to buy? Anytime I see these kinds of market volatility areas, these are usually opportunities to try to add to something that you're very, you know, very faith, had a lot of faith in in terms of growth, whether it's tech, whether it's crypto, whether it is gold, whatever the asset class is. Many people look

15:53 at it in these kinds of times when you see these opportunities because they come from time to time as a great point in where you just add to your stack. If you like this video, hit like and subscribe, drop a comment down below, and also join our free private member group. The link is in the description.