Originally aired September 25, 2023
Wendy O kicked off the latest episode of her crypto show by welcoming viewers and giving a brief preview of some of the topics she would be covering. She started by joking about the state of the US economy, sarcastically claiming inflation was transitory and that Americans were financially healthy enough to handle rising costs of living. Wendy then polled the audience on whether they were buying the stock market dip, with results showing a split between yes and no votes.
After asking viewers to “smash the like button”, Wendy dove into analysis of recent crypto market performance. She noted gains by Chainlink and Aptos, but said bitcoin remained rangebound between $26K-$27K. Looking at the US Dollar Index chart, she predicted the dollar would see a massive dump soon after passing $106 based on historical trends.
Shifting focus, Wendy discussed the alarming rise in US bankruptcy filings, now at levels on par with previous financial crises like 2008. She cautioned viewers against overspending, arguing that car loans and credit card debt were partly to blame. Wendy stressed the importance of not buying expensive new cars or overusing credit in the current economy, favoring used cars and smart budgeting instead.
In other crypto news, Wendy covered a hack that drained $200 million from crypto mixing protocol Mixing. She then pivoted to expressing concerns about artificial intelligence, questioning why it faces little regulation compared to crypto. Wendy speculated trends towards AI and remote work could enable greater reliance on universal basic income and central bank digital currencies.
Additional topics included Coinbase receiving approval for a license to offer crypto services in Spain. Wendy suggested this shows failures by US regulators that are pushing crypto companies abroad. She also analyzed MicroStrategy’s recent bitcoin buys, noting they could signal a bottom given current prices.
Later segments covered an impending options expiry for bitcoin and ether, crypto companies like Bybit leaving the UK, Tether FUD, and drama involving crypto exchange Houbi. Wendy closed out by previewing upcoming events she will attend and thanking viewers.
What did Wendy say about the US economy and Americans’ finances?
- Joked that inflation was transitory and Americans could afford rising costs
- Sarcastically claimed Americans have no credit card debt or problems paying for housing
- Polled audience on whether they are buying the stock market dip
How does Wendy analyze the crypto markets?
- Notes Chainlink and Aptos gains
- Predicts dollar will see massive dump above $106
- Says Bitcoin rangebound between $26K-$27K
What warning does Wendy give about bankruptcy rates?
- US bankruptcies now at crisis levels seen in 2008 recession
- Cautions against car loans and credit card debt
- Stresses buying used cars and budgeting smarter
What are Wendy’s concerns about AI?
- Questions lack of AI regulation compared to crypto
- Speculates AI & remote work could enable UBI and CBDCs
What does Coinbase’s Spain license suggest?
- Shows failures by US regulators
- Pushing crypto companies abroad
How does Wendy interpret MicroStrategy’s recent bitcoin buys?
- Could mark bottom given current prices
- Relative to previous crashes and MicroStrategy averages
00:00 – Intro
01:25 – We are going live on Friendtech
05:40 – The entire crypto market
06:20 – US dollar index DXY
07:40 – BTC price analysis
12:00 – Stock market crash incoming?
21:25 – Be cautious
24:00 – Amazon to invest in AI / Artificial Intelligence
24:50 AI regulation
31:20 – Coinbase expands to Spain
32:20 – Crypto options set to expire Friday
33:50 – Vitalik Buterin moving $ETH
34:45 – Microstrategy buys more $BTC
36:10 – Possible Government shutdown
38:30 – Spot Bitcoin ETF applications update
40:00 – Our PARTNER Cherokee offers “trade claims”
42:10 – Huobi HTXhacked
43:10 – Go follow Ben on X & subscribe on YouTube
44:00 – Tether USDT FUD
45:50 – XRP price analysis