🚨LIVE FOMC: Everything Changes Today

**SPEAKER_1** (0:00)
What's up, everybody? Disco fam, we've got the Fed decision, and we've got the press conference coming out here in just a matter of moments. But what are we seeing? We are seeing, Fed announced no rate change. So this was a very split, very split, most split Fed since a long time. So I think 2016, yeah, the Fed just had its biggest internal split since 2016 The Fed held rates at 35 to 375 today, but the vote wasn't even close to unanimous. And this is part of what is going on, not only in the Fed, but across the market. There's just a sense of completely not understanding what is going on in this market. The frustration of what's happening across everything in this market. And even so much as so, let me go ahead and find this. We've got Bloomberg actually saying, ask anyone on Wall Street whether the Fed is going to raise rates today. And the answer you'll likely get is, we really have no idea. So people across the market, I'm talking veterans of this market in traditional finance, crypto, major institutions, ETFs, the biggest players in the world are just kind of like, we don't know what the hell is going on. We saw on the show this morning with Drew, the discussion about the COSPI, the Korean index, the Korean stock market, basically having to hit the brakes, hit the switch the last couple of days in a row on what's happening on their market as it's drawn down a little over 44% since it's high. And I think this frustration is what everybody's feeling, this max uncertainty where we're seeing overwhelming indications of absolute moonshot possibilities and what we're seeing in the tech industry. But then that's coming at the same time, the same cost of where we're seeing the overvaluation in the Korean stock market and absolute moonshot happening there and then this massive pullback.
So the question is, are there overvalued instances across the board or is this something that is just a fleeting moment? Well, everybody is trying to figure out what the hell is going on. So now as we discuss that, let's actually also look at what's happening in the Bitcoin price. Because if you get down to the three minute time frame, and let's look at this, this is leading right into when that rate decision happened right here. And what we got, we got basically the flush out to the downside, the flush out back to the upside, and now coming back to find a little bit of an equilibrium. It's going to be interesting to see what plays out over the next couple of weeks into August, into September, because there's so much confusion in terms of what models we should be looking at historically, what we should be taking as an indication of where the market will go. Because when we're looking at the markets, I actually want to show you something. Let me pull it up. I did not have this prepared. We just got off our school. Actually, Drew's still doing the school call right now. He'll be hopping in here in a moment.
But I just wanted to show you, essentially, the frustration that everybody's feeling is also present in these charts. Because everybody said the four-year cycle is dead. However, when you're looking at this, we see we are exactly on target, exactly on pace for if we're specifically still following the four-year cycle. This purple line or this pink line, I should say, right here, this is the cycle that we're in, right here. We are right, literally, in the median of the price points if you overlay the last several cycles as to where we're at from the market cycle highs to where we're at right now, the price is following the exact same trajectory. So what gives? I think we all need to also remember, we all need to remember when you come back over here to this dashboard, that one thing that is not changing is that we actually just hit another all-time high in the M2. Now, this shows the global liquidity, not just the US M2. And what we're seeing here is the price action has been pulling back in the face of the global liquidity expanding. This is one of the reasons why I decided to jeep in pretty massively in the last 24 hours. And I figured two things.
And I made some pretty significant purchases on Bitcoin, on Aerodrome, on BitTensor. And the reason I stacked in heavily is because I feel like we are nearer to a bottom than not. That's one case. And the other thing is, I don't mind if the price goes lower. In fact, I hope it does because I'm still going to be minding my DCA strategy throughout all of August into September and likely, you know, pumpage into the end of the year. The question is, do we go another 15% down from here? 5%, 50%? In fact, let me ask everybody here in the chat. And again, we'll get Drew joining back us, joining back up here in just a few minutes. But where would you put the price point at in terms of the action between now and October 1st? Do you think we're going to have, you know, 5% drop from here? Do you think we've already bought them? Do you think we're going to have more than a 15% drop from here? Drop your comments there in the live chat. Let me see where you guys are all at on that, because it's very split. Neither one of you, none of you are right. And none of you are wrong. Because the market has no idea.