Originally aired on October 2, 2023
In this episode of the O Show, Wendy O discusses a range of topics related to cryptocurrencies and the crypto market. She begins by speculating on the potential approval of Bitcoin spot ETFs in 2024 and the challenges faced by the SEC in regulating crypto assets. Wendy also addresses the lack of financial education among Americans and the importance of understanding investment vehicles like ETFs and 401(k)s. She then shifts the focus to the potential future price of Bitcoin, analyzing the current market trends and key levels of resistance. Wendy expresses her bullish sentiment towards Ethereum, predicting a potential price of $10,000 during the next bull run. She also tackles the issue of insider trading and unethical practices in the crypto industry, highlighting the case of Dianne Feinstein’s alleged involvement in trading and the potential influence of government officials on the market. Wendy shares her support for Binance in its legal battle with the SEC, arguing that the SEC’s claims of regulatory violations are unfounded. The episode concludes with updates on various projects and developments in the crypto space, including a new national ID program powered by blockchain in Brazil and the launch of tokenized money market funds on Ethereum by UBS Asset Management.
Potential Approval of Bitcoin Spot ETFs in 2024
- Speculation on the approval of Bitcoin spot ETFs in Q1 or Q2 of 2024
- Discussion of the differences between futures and spot ETFs
- Challenges faced by the SEC in regulating crypto assets
Lack of Financial Education Among Americans
- Low level of financial literacy among Americans, especially regarding investment vehicles like ETFs and 401(k)s
- Statistics on the lack of awareness about investment options in 401(k) accounts
- Importance of educating oneself about financial topics and investment strategies
Predicting the Future Price of Bitcoin
- Analysis of current market trends and key levels of resistance for Bitcoin
- Wendy’s bullish sentiment towards Bitcoin, predicting a potential price increase to $40,000
- Importance of remaining cautious amidst the volatility of the crypto market
Insiders Trading and Unethical Practices in the Crypto Industry
- Discussion of alleged insider trading by public officials, highlighting the case of Dianne Feinstein
- Ethical concerns regarding the influence of public servants on the crypto market
- Need for transparency and accountability in the industry
Binance’s Legal Battle with the SEC
- Support for Binance in its legal battle against the SEC’s claims of regulatory violations
- Discussion of the potential consequences for the crypto industry if the SEC wins the case
- Importance of distinguishing between investment contracts and trading on exchanges
Updates on Various Crypto Projects and Developments
- Announcement of the launch of a new national identity program powered by blockchain in Brazil
- Introduction of tokenized money market funds on Ethereum by UBS Asset Management
- Discussion of the FTX exploit and the recent transfers of funds
00:00 – Intro
04:30 – What’s happening with BTC?
05:00 – The entire crypto market
05:25 – BTC price analysis
10:30 – US avoids government shutdown
12:40 – Homeownership & renting affordability
13:55 – Public Servants = multimillionaires
17:55 – Huge lottery jackpot win
20:50 – ETH Futures ETFs launch
24:40 – Grayscale to convert trust to Spot ETH ETF
26:30 – Swiss bank launches project on ETH
27:50 – Crazy Blackrock idea or coincidence
29:30 – Satoshi identity update
31:30 – Wells Fargo sad story
32:10 – Binance vs SEC lawsuit updates
36:30 – Public Servants don’t do their jobs properly
39:00 – Why Ripple backed out of this deal
40:20 – Ripple CEO gets XRP tattoo
40:50 – Chainlink vs Ripple XRP
42:35 – Brazil launches Blockchain based digital ID
43:00 – Major token unlocks for October
43:55 – We are coming to Friend tech
47:10 – SBF FTX fraud updates
56:40 – Thoughts on Thor chain