Originally aired on August 18, 2023
In this episode of the O Show, host Wendy O discusses recent crypto market volatility and factors contributing to the price drops, including alleged Bitcoin sales by SpaceX. She debunks mainstream media misinformation and provides her technical analysis. Wendy also covers updates on the Ripple SEC lawsuit, Ethereum futures ETFs, Trump’s criticism of the Federal Reserve, and more crypto industry news. Overall, she aims to educate listeners, encourage independent research, and provide her candid perspective.
What are Wendy’s thoughts on the crypto market volatility?
- Wendy accurately predicted the Bitcoin price drop using technical analysis
- She gave price targets that ended up being precise
- The volatility is normal – Wendy is not worried about further declines
- She suggests good buying opportunities at lower price levels
What is Wendy’s take on the alleged SpaceX Bitcoin sales?
- She says the mainstream media story is false – SpaceX did not cause the latest Bitcoin drop
- The alleged sales happened last year, not recently
- OTC sales by institutions don’t affect the open market price
- She believes the media spreads misinformation about crypto
How does Wendy feel about Ripple and XRP?
- She notes Ripple faces more delays in the SEC lawsuit, but will keep fighting
- Wendy sees the extended case timeline and appeals as just legal tactics
- She expects Ripple to ultimately prevail against the SEC
- Wendy is bullish on buying XRP at current low prices
What is the SEC approving for Ethereum?
- The SEC will likely approve Ethereum futures ETFs soon
- This suggests the SEC views Ethereum as not a security
- It’s positive for Ethereum compared to Bitcoin futures ETFs only so far
- Wendy thinks it’s because Ethereum is more “green” than Bitcoin
What does Wendy say about central bank digital currencies?
- She notes Ripple will likely help with CBDCs
- Wendy likes Ripple’s tech but not CBDCs
- She believes CBDCs give even more control to governments
- Wendy values privacy and is cautious about CBDCs
What were Trump’s comments about the Federal Reserve?
- He said he would not reappoint Jerome Powell if president again
- Trump felt Powell raised rates too slowly
- Wendy agrees with Trump’s criticism of Powell
- She also dislikes Yellen and feels the administration mishandles monetary policy
How does Wendy feel about Elon Musk removing Twitter’s block button?
- She thinks this is a terrible idea
- As a woman in crypto, Wendy faces threats and doxxing
- Removing the block button enables more harassment
- This change makes Twitter less safe, especially for women
00:00 – Intro
00:05 – Volatility and market manipulation
03:40 – Just be a nice person
09:20 – The entire crypto market
09:40 – BTC price analysis
12:55 – XRP price analysis
16:00 – SpaceX market fud
20:35 – Largest Chinese property developer bankruptcy
24:55 – SEC to approve first ETH futures ETF
27:55 – No Grayscale decision today
28:25 – Important dates for spot BTC ETF applications
29:00 – SEC allowed to request appeal in Ripple case
31:00 – Ripple partners with Mastercard for CBDC push
32:30 – Tornado Cash community loses lawsuit
35:10 – Donald Trump would remove current Fed Chairman
37:35 – X to remove account blocking feature