Here’s EXACTLY Why Global Markets are Melting Down!

**Ran** (0:01)
All right, when you look at the Bitcoin price right now, it looks bad at 62,000. But when you compare that to what's happening on global markets out there, it's actually not as bad as it looks. And that's what I'm going to show you today, because what you can see on global markets is we're actually seeing a bit of a meltdown, right? It started off in, it actually started off yesterday with SpaceX, when SpaceX did this reversal, like look at this big reversal that SpaceX did on the one day chart. Now, the thing about this reversal is, yes, SpaceX went down 16 percent. The thing that I didn't realize is that when you take 16 percent of a $2.4 trillion market cap asset, that means that $400 billion of wealth was wiped out on SpaceX alone. Now, here's an interesting fact for you. Yes, it is $400 billion of wealth that was wiped out on SpaceX alone. When you translate that into how much Elon actually lost, and I went to ChatGPT and I said, how much of SpaceX does Elon actually still own? So Elon still actually owns between 42 and 43 percent of SpaceX, which means that he personally lost about $200 billion yesterday. Anyway, let's go back to the bloodbath. So SpaceX crashes yesterday, wipes out $400 billion of wealth on the markets. Probably the best place here is to go on the stocks bubbles. You can see that SpaceX wiped out about $400 billion worth of wealth. Then this morning, when we woke up, the Korean markets were reacting. They were down 10% or 9.99%. And then they were shut off by what they call a circuit breaker, which is an automated trading circuit breaker, which stops trading when prices are going up and down too quickly. Now, I wouldn't be too panicked about the South Korean index, North Korea, I don't know if they have an index, because it actually only brings us back to levels from the 27th of May. That's how quickly this index is actually going up. But that's what the bloodbath in Korea actually looked like. And then the same thing happened in Japan, and that's what the bloodbath in Japan actually looked like. Japan was down about 6.3%.
So you had SpaceX down, you had Korea down, you had Japan down.
Then you have the NASDAQ now. Look at the NASDAQ futures. Look, they look like they're going to open, or are they open? They are open now. Down 3% on the NASDAQ futures, and that is what the NASDAQ looks like. Let me just refresh that just to make sure we're getting the best view.
NVIDIA is down 3.11%. Google is down 4.9%. Amazon is down 5%. Apple is hardly down.
And a lot of others are down. Tesla is down. Microsoft is down. And a lot of other things are down. Let's talk today about why these prices are down and whether Bitcoin can actually withstand this kind of correction in the stock market, because I think we've all been waiting for this correction in the stock market. And I want to show you today why we are moving down so quickly and why we're actually getting into kind of dangerous territory when it comes to stock market. Of course, what the implications can be on crypto. So, if that sounds good to you, and it does sound good to me, let's get the show on the road, guys. Lots to talk about today. It's a red bloody day on the markets, bloody day in crypto, bloody day on the stock market, as you can see over here. Bloody day on the stock markets, bloody day on crypto, bloody day on crypto. Yeah, and bloody day in Asia. So let's get the show on the road, guys.
Guys, tell me in the comments how many of you are watching the soccer world cup. How many of you are quite immersed in it? I mean, look, I mean, I'm, you know, I'm South African, so I've been watching South African players. They drew one and they lost one. Miracle that they drew the last one. They were playing so badly, but now there is one more chance for us to actually get through. I'm kind of keen to know how many of you are, there's a guy here from Sweden, GM from Sweden.
Yeah. Tell me if you guys are watching the world cup. Tell me if you guys are taking bets in the world cup. Tell me if you guys, who you guys are supporting in the world cup. I've been messing around on Ran. I don't know if you guys know the platform, the Rain platform.
It's a prediction market. I'm not going to spend any time talking about the Rain token, but I want to show you, I want to actually show you the platform. The platform looks like this is a prediction market. It really has amazing odds and amazing liquidity on all the games. So you can basically go and take, I don't want to call it bets. You can take predictions on the game. You can go all the way up to the world cup winner, which right now, the world cup winner, 20% France, 14% Argentina, 14% Spain. So France is still the favorites, which means Killian Mbappe is 26 years old. Can you believe that? I mean, Messi is playing well, but he's not 26 Killian Mbappe is 26 years old. Anyway, if you want to take a trade on Ran, there's a link below. Go and check it out. If you are interested in prediction markets, I've been messing around with it. It's actually pretty cool. I'll be honest. Really, really cool.