Bitcoin & Altcoins Are WAKING UP (Almost Time)

**SPEAKER_1** (0:00)
Welcome in to Discover Crypto, and not only to people that use fiat currency, we call poor, but also those who bought the Hunter Biden meme coin that came out this morning. This thing has rugged in, this might be record time.
Came out, it was trading around $120 billion market cap, and I saw it this morning, coming in at $850 million, only down by 99% on its first day of release. Shout out to Hunter Biden for releasing a meme token right before the vote on Clarity Act. It makes you really feel special, doesn't it, TJ?

**TJ** (0:34)
It does. It does. It's like, I don't, it really makes, it really shows how much of a joke this whole ethics thing is. I'm making all this big deal about ethics and Trump and the Trump family and all this different stuff. And then like you said, a week before they're supposed to vote on it, we've got a, you know, pure crime season, you know, joke of a coin launching, like you said, 98% down in the first couple hours. I don't even know how that's possible. I mean, it's just about as criminal as criminal can be, but hey, he's got to pardon, you know, so he can, you know, he can, he can do what he wants.

**SPEAKER_1** (1:08)
I mean, who wouldn't trust that face? He, this is a man that you can trust a legion of Valhalla on this.

**TJ** (1:15)
Well, and it's one of those, you know, like if somebody's down on this, I have no sympathy for you. I mean, maybe that's wrong of me to say, but you know, play stupid games, win stupid prizes, that whole deal. If you didn't learn from Melania and some of those other ones, and you thought this was going to be it, you know, like, I don't know what to say. But I would imagine most of the people watching the show are not buyers of this coin because you guys are smart and you guys are qualified investors and are savvy investors and you're doing good stuff. So but yeah, this is interesting. Like you said, you mentioned that right before the show. A week before Clarity Act, we've got this going. If you really think ethics is what is going to make or break Washington, then you're really not paying attention. So I don't think it's going to pass. I don't think it's going to matter. Big Money has found their way around Congress. Basically, Congress is just a bunch of paid shills anyway.
So, yeah, just another-

**SPEAKER_1** (2:15)
Amazing timing that he rolls this out a week before this. It is. I mean, that's the hilarity in this situation is that we have to wait for quite some time to get another vote on the Clarity Act if this September 15th meeting does not go through. And there's a lot going on, Monter. I mean, we're going to have some new economic data coming out over the course of this week.
And a lot of pressures on the Federal Reserve because of that, right? We're having the, basically, the Federal Reserve has their meeting very, very shortly. I wanted to show you the Fed CMA tool.

**TJ** (2:47)
Next week. Next week. 15th, 16th, or I mean, I guess it'll come out on the, I guess their meeting is beginning of next week. In the middle of next week, it actually drops.

**SPEAKER_1** (2:56)
But right now, it's leaning towards a rate hike.
Right now, it's leaning towards a rate hike. And this is where the big discussion, Warsh is going to raise rates next week. That's a big discussion right now on how risk assets will perform if we do see an interest rate hike come from Federal Reserve Chair Warsh. And now, also, a big chunk of the news, and kind of what we're highlighting, we knew was coming is the Golden Cross is starting to play out on Bitcoin. Bitcoin, this week, confirmed that Golden Cross, signaling a bear market low may be in. But history suggests a sharp pullback could come. First, crypto analyst, Kev Capital, on Tuesday noted Bitcoin's 50-day moving average has crossed that 200-day moving average after more than 300 days in a bear market. This is a pretty big deal, I would say, for Bitcoin. It does only happen once a bear market in these extreme lows. But you have to keep in mind, even in bull markets, this moving out will come into connection and actually touch, cross under, and keep the continuation to the upside of what we're currently going through right now. I'll move this X so you can see. The blue line is the 200 SMA, and the gold or yellow line here is the 50 SMA. We are just now crossing this level.