My dog D hop say it ain't so man, even though now Hollywood's over there. So he anyway you two team keeping clean What's going on is engraving here with another video and D hop done already appealed and lost the appeal So them six games is final. But anyway There's been a lot of commotion Amongst Raven's flock today. It's been a lot of conversation and what not even know how it goes like that every day It's always something to talk about But this is about another one of those stories that A lot of Raven's fans. They just it's like taking a knife and just twisting it when they hear about stuff like this cuz it's like Why why do you have to tell us? We didn't want to know Because it's one of those stories where the Ravens they came close. They were interested in somebody, but They just end up coming up short And the reason that this story is so interesting because it not only involves the Ravens coming up short But it involves the Steelers Stepping in front of the Ravens and taking what they apparently Wanted and that was mr. Calvin Austin the third Let's read the article from Peter King who was in the Ravens war room So he was in their draft room during the fourth round a round where they had was six Picks around where I did not think that there was no chance. No way that they're getting ready to use all six It's just not gonna happen. What do they do? They made it happen in a draft where I was like There's no way know how the Ravens are going to use 10 picks in this draft. It's not happening not a chance What did the Ravens do? They used 11 So they they won up me. So shout out to the Ravens for proving me all kinds of wrong But anyway to the article and pick 137 the Patriots took Bailey Zapp a quarterback from Western Kentucky So we a pick 138 right now a middle-round receiver Calvin Austin the third of Memphis a Smurphy guy who runs a 43 240 I ain't like that part. You ain't got a car. Nobody's Smurphy. You ain't got to do that But anyway a Smurphy guy who runs a 432 in the 40 was Baltimore's target here So they wanted Calvin also it was high its receiver time, baby All these fans been waiting for us to pick a receiver We getting ready to pick a receiver right here right now like it or not. That's who we're going with But guess who else runs a 432 Hollywood Brown though Austin's a small guy He was durable at Memphis playing 49 games in four years and averaging 16.3 yards per catch So the deep threat, right? The deep threat and the speedy deep threat smaller stature. It's like a Hollywood Brown It'd be an essential replacement so to speak now if he would have been the essential replacement so to speak I just wonder He would have been a fourth-round receiver. So, you know, that's dangerous territory right there It's very dangerous territory for him already if he would have got picked by the Ravens But I just wonder how he would be used Wonder if he would be used, you know, Rashad Bateman, he gonna get his but then after a shot Bateman That's the biggest question mark right now for me personally Like what are the Ravens gonna do as of right here the receiving call right here right now What are the Ravens gonna do after a Rashad Bateman? Who's gonna be the number two? Who's gonna be the number three to slot? What are they gonna do? I know a lot of people assume. Oh, yeah, definitely just do Devin Duvin They just gonna be the number two James crochet gonna be in a slot. I Don't know man. I don't know but hey, we will see but again back to the article. So Both this is where it got a little funky for me Baltimore is not a deep-throwing team thus Brown's frustration leading to his trade requests and The trade to Arizona, but the Ravens could use speed that Disagree with all of that except the last part the Ravens could use speed that because they certainly could but Baltimore is not a deep-throwing team Lamont will be looking for nothing but deep throws like nothing but That dude is always looking for the big play and they thought I'm down there too. He's trying it Like the Ravens they they certainly up their passing game a lot last year Even if it was by force they still did it they they made improvements They they made strides in the passing game and we hope that that continues this year too But we hope that the quality of it is better and the the quality of the Ravens health is better as well So we'll see how that goes But Baltimore is not a deep-throwing team wrong thus Brown's frustration leading to his trade requests in the trade Arizona So it say said Austin wasn't a must-have, but he was the next target He was Baltimore's guy. So the Ravens were all in on Calvin Austin the one-two-third They wanted him that was their pick. That was who they were gonna get with their next selection He said then over the tiny speaker News that the Pittsburgh Steelers were picking wide receiver Calvin Austin from Memphis. So they heard that Somebody said you gotta be kidding me Ravens on the clock 440 then 435 four minutes and 35 seconds the Casa had to think now He had an open trade office with Kansas City and the Jacksonville Jaguars And he could pull the trigger on either and he didn't love his options here But his expression didn't change her balls expression didn't change nor did Ozzy Newsom. See hey, there you go Just another reminder that Ozzy Newsom's he's still there too. He's still involved in all this draft stuff But anyway These things happen in the draft. Oh, yes, they do. They don't they not only happen in draft. They happen in a free agency Ravens are interested in the guy, but they know It just ends up coming up just short And hey, I'm sure there are plenty more of these stories throughout this draft alone Where Ravens might have wanted a guy, but then somebody else took them and it's like, oh, we were just right there but see this story is a bit different because They had an opportunity to get Calvin Austin earlier But they went to the punter That's what's been a lot of people's argument and the frustration today that they went with the punter first over the wide receiver and maybe If I'm having to try to think like the Ravens would think Maybe they felt like the punter was more of a sure thing than the wide receiver would have been I Don't know maybe that's just had a Ravens were thinking with this whole thing but anyway They pondered alternatives. They had two linebackers in one slower receiver with good grades left But they didn't love any of them. There was a tight end rated very close to collar Isaiah likely of coastal Carolina one of the best offensive tight ends in the college game last year the Ravens thought He might be able to do some receiver things lining up in a slot and outside as well as playing in line tight end So they said hardball said to Greg Roman How about likely find a spot for him and Greg Roman liked them. So boom They drafted them. They drafted Isaiah likely and I do like that pick Because he's in a position that the Ravens really value a lot tight end But he's somebody that is in a position where the Ravens need improvement wide receiver Now we know Ravens have I think like five tight ends on the roster right now. They got Nick Boyle Mark Andrews Josh Oliver Collar and likely if I'm missing anybody else, let me know I might be who knows But anyway, they got those five guys right now shout out to the burgers greasy burgers with great burgers I don't want another peanut store fries are really good. So shout out the five guys anyway They're not keeping five tight ends They're not I can see them keeping four Even though four be pushing it but I can see them keeping four now if they only keep three Some decisions have got to be made But if I I think if they only keep three then Boil and Oliver go Boil and Oliver go if they kept three tight ends They're not gonna cut Call it collar. They're not gonna cut likely They're not likely to cut like I know a lot of people been throwing around them corny likely jokes But I've been loving all of them. Um, so yeah, that is it's just a bit of a head scratcher there Uh, what they're gonna do how they're gonna operate Ravens like Ravens right now Um, they they have me just very in the dark. I don't know what to expect from now I know they signed a lot of undrafted free agent guys We got to go over there though their film over the next couple of days and go just piece by piece So y'all stay on the lookout for that But Ravens just have me just I do not know what they are going to do When it comes to wide receiver Some people thinking like hey, they could just use the guys that they got and run with that They could some people think like a Ravens got a big trade coming because there's no way they went through the draft like they did and Didn't it didn't address wide receiver at all, you know, I say it likely he gonna be a little receiver sledge tight end But they ain't they ain't addressed wide receivers. I was like, okay, maybe they do and some people like oh There's free agency too and I look at free agency and I'm like, oh, I Don't know man, I don't know So I'm just I'm curious and of course we all got to wait it out all together But yeah, I'm just I'm wondering like what's gonna be next. That's my biggest question. What's going to be next What's gonna be next? How are you gonna handle this?  You're gonna make a trade or you're gonna sign some free agents Or undrafted free agents to I know a lot of people been talking about the guy bolden Some people been talking about the guy I think is it Devin Williams? I forget his name But again, I got to go over all the undrafted free agents that they got but Yeah, man, we'll see we'll see but This was a very interesting story is a very interesting read and I like I said I saw a lot of conversation from a lot of people About it about everything surrounding it and I just wanted to give my little two cents on it So it is what it is the draft overall again the draft It was a good draft. It was a good draft the Ravens hit on a lot of Different knees they got some depth And they got a lot of steals like I said before that one of the words We kept hearing over and over and over and over and over and over steel steel steel Why does guys are still can't believe this guy dropped? I can't believe this guy sale available I can't believe the Ravens picked him. Oh, he was ready to super high on my board But the Ravens got him this low. Wow, that's crazy. And that's a great that that is a beautiful thing Ravens one of the biggest thing that they did this draft Was help really build the wall really build up that offensive line and build up the depth in the offensive line, too We're gonna talk about that in more detail probably later on this week, but the draft was good We're just missing missing that One spot and wondering what that next spot is gonna be who's gonna be The guy in that next spot, you know, Bateman Bateman gonna be there But who else is it gonna be? Is it gonna be Duvenay all that the young guys gonna get the opportunity To shine are they really gonna get it? Well, all the Ravens gonna find a veteran somewhere Like I said before I just I don't envision them going into next season Without a veteran without a veteran at wide receiver because these guys they all lack experience especially in the playoffs They all lack experience Shaw Bateman Tylen Wallace and again this and it's not that they couldn't But they have never stepped foot in a playoff game before they haven't Haven't stepped foot in a playoff game before playoff atmosphere. No, I Mean they haven't even played a full season yet He's the one of them. Of course, I know freak injuries happen with Shaw Bateman early on. He had his groin injury I think oh, was it his her no, what is the hernia groin? I forget. Oh, it's growing. Yes That's an area and then Tylen Wallace.  We did make the playoffs then but Yeah, man, y'all y'all remember that a quarterback could he couldn't even finish the playoff game He finished the playoff game Because you know Patrick McCarty was trying to play a little quarterback in that game too, but anyway, man I'm I'm very uh, I'm just excited man. I'm very excited to see how Ravens addressed this Um, cuz I'm just wondering I'm wondering I just do not know have no clue. No inclination is no nothing But that's what makes it so fun. I love y'all team keeping clean. I appreciate y'all. We have literally 1 million questions from subscribers We have just a lot like y'all sent a lot the patrons sent a lot of questions everybody else sent the Questions to the even it's a lot of questions. We will get through them. Appreciate y'all being patient. I love y'all Thank you anybody that has sent me a DM over the past couple days I'm not ignoring you. I just and backed up with everything like everything So just know that but thank you all for subscribing. Thank you all for supporting Um crazy that we are and every every time I probably shouldn't say that like every time I say that loud That's when I feel like it's talking super slow super slow. We're just fine. No rush But we are most at a 54,000 we are 53 as of this recording at 434 p.m. We are 53 subscribers away from 54,000 Y'all are crazy But I love y'all and I really appreciate the support and before I start getting emotional just thinking about just the crazy amount of support I'm gonna go ahead and get off now. I love y'all. We out


Hello, everyone. Sorry for the slight lag there. I welcome back to the market report with Cointelegraph. I am your host, Joe Hall, and we are joined again by our resident experts, Marcel Peckman and Sam Borgie. Now, Sam Borgie is a business editor at Cointelegraph, where he brings over a decade experience in economic analysis and financial market writing. Marcel Peckman applies over 17 years of experience trading derivatives, options and futures to the crypto derivatives markets. How are we doing today, gentlemen? Can't say I'm very good, Joe. Well, the test of the 18,000 Bitcoin, it looks so fake. It looks like it was a single entity propping the price up using the realist contracts. I don't see any real buyers out there. Even if you talk to long-time holders, if you ask them, are you buying here at $17,000, $18,000? He said, no, I already have a position if it drops to $15,000, $14,000. I'm going to add more, but other than that, I'm good. So I don't see any trigger for someone to be buying Bitcoin and Ethereum out loud here. So it looks kind of fake. Plus, we have all this binance fraud going on, which we're going to discuss later. So I'm not comfortable right now. Plus, I don't know if the world is going to end. I mean, a big recession is coming away or not. Some data, especially on the auto sector, looks ugly. There's people paying over $1,000 per month on auto payment. What are you guys thinking?   Am I right? Sam, how are you doing? Thanks so much for the intro discussion. Marcel, that's really set the tone for the discussion today. Sam, is the world ending with you in Canada today? How do you feel? Well, maybe the economic world is for a while. Things don't look good on the economy front. The US is in a technical recession that they redefined what that means. From the crypto market, from the Bitcoin market, I've been saying all along, we are probably in the process of bottoming out. When that bottom comes exactly, I don't know. It's very difficult to predict. No one really predicts the market bottoms and tops perfectly. I still think we're in a bottoming trend. We could go lower, but ultimately, I've just been cost averaging into BTC for a while now after having my core position. These levels for me are very attractive, but don't be surprised because things could always go lower in the crypto market. Now is the time to show whether you have the conviction to hold or whether you want to go do something else. Bitcoin hasn't changed fundamentally, so I feel confident about that. We are in a pretty nasty spot when it comes to the broader economy, the broader macro backdrop. Everything that's going on is not conducive to a rally in risk assets. The market still sees Bitcoin as a risk on trade. Unfortunately, that is the reality of the situation. I had it a couple of times personally this week where I read the news and I saw the Trabfi news and I saw the Trabfi markets and thought, oh God, Bitcoin's probably puked to 13 or 14k. Then I saw that it was still acting like a stablecoin around the 16k mark. Yes, there was, as I very accurately pointed out, there was the dip over on the 19th, actually my birthday yesterday, but it's since recaptured that 16k stablecoin range and hopefully we'll hold there for the next couple of weeks. We'll dive into this very shortly, particularly with the fiscal. Before we get up there, I just want to give a shout out to those that are watching in the chat right now. Hello Vikram, long time watcher. Good to see you again Raju Raju and Michael. Thanks for stopping by. It's good that you're here with us so we can talk you through what's going on in the crypto markets and the Bitcoin markets. Just want to make it very clear as well that we're giving away a one month subscription to Markets Pro, which is worth $100. So if you drop in a comment in the YouTube chat or if you take part in this conversation with us, then you might be in it to win it. Right, today's show. How does it go? First up, we have the weekly highlights video. Following that, we've got Meemtime, the best bit of the show, and then it's into market news updates in which we'll dive into the discussion we sort of touched upon just there. Following that, we've got a quick crypto tip. We've got Marcell's trading insights. I wonder what he's got in store for us today. And finally, we rounded up with Markets Pro, a coin watch catch up and the giveaway. So yeah, get active in the chat guys. Keep the conversation going because we want to help you understand what's going on in the markets because we are in it every day reading, writing, researching. Oh, and a quick reminder as well to get 20% off Markets Pro as there's a link in the description. So even if you don't win the competition this week, you can still get 20% off. Cool. All right then video team, let's kick things off with a roundup of what's gone in the week's news. It was actually a busy week actually looking back on it. I thought Matt of Kulot for Edward Snowden know for his tweet response to Elon Musk. I think the Twitter news has really dominated the news landscape the past week. And of course, congratulations or Felicity Davies to Argentina who won the World Cup on Sunday. We'll get on with the meantime guys. Who are you rooting for in the final? Did you both watch the final the FIFA World Cup? Marcel? Yeah, it was a great game. I think Argentina deserved, especially Messi. I think if you're French and you're disappointed, at least know that Messi is a guy that has been winning all the titles over the past three years. He's on top of his career and he deserved it. So not be sad if you're French. I was quite delighted to see France lose. I ticked that box for the World Cup. I hope that they would have lost sooner and I wanted to see a different World Cup final but it's nice to see the World Cup go back to South America. I always liked that. So I was happy. Great. Now I'm in the same I was happy to see France lose. Sorry to any French that you want it to go. I'm just saying. Right. Let's get on with meme time. I'm hoping that's set the time for this week's round of the memes. Eliana Musk. I don't get this one. What's going on here? I guess because he's leaving. He's stepping it down as CEO according to the poll and maybe Eliana Musk will you'll just change his gender and you'll still stay on as Eliana Musk. That's how I looked at it. I don't know. I guess there's levels to this that I'm just not getting. But he did. No. He said should I run? Go ahead. Yeah. He opened up. He opened a poll on Twitter saying I'm going to abide to this poll. So you guys are going to decide should I continue as the CEO or CEO of Twitter and 57% said no. It had over 17 million votes. So you cannot say that it was flawed or whatever bots because 17 million votes. But I do think that he already had set up his mind to be the chair member or whatever but not the day to day CEO. That's not his core business. If you get the value of Tesla and SpaceX you're talking about I don't know 600 billion dollars and Twitter is worth I don't know 30 billion dollars. So it doesn't make sense for him to be on the day to day operations. Yeah. It's more like a vanity trip, isn't it? And then the lock trading crypto FTX, Jennifer Aston. Oh, short, Jennifer Aston as well. I thought she looks great in her old age. Oh my. Who's this? The lead singer of? Is it the lead singer of a band from the 80s or 90s? Who is this guy? Red hopped chili peppers, maybe? No, that's my hair. But I know the guy you're thinking of. How do I google image search this guy? It's not like Kid Rock or something like that, is it? Anyway. Oh, have you ever had the scare where you wake up in the middle of the night and think, oh my god, where did you phrase? Did phrase. Nice. Yeah. This thing. Yeah. What was that? Who is going to who's going to pay $100 for an NFT of Donald Trump wearing a fantasy or come on guys. Especially when you can get free. Yeah. Yeah. That's even worse. But why don't you spend $100 buying Bitcoin Ethereum or some other coin that you studied and think that there's potential? That's not the future. That's not the future of finance, the NFT of an image of Donald Trump. Yeah. It seems to be a bit of a money grab. But no, I wasn't actually making a jab but you can right click save as the picture. But genuinely because the Donald Trump NFT was released as a sweepstake in US law, you have to give away those sweepstakes for free. So you can actually write a letter addressed to the headquarters of the NFT offices for Donald Trump, which is in New York. And you can basically say, you know, I would like to apply for the sweepstake as massively included provided you adhere to what they stated. One of the rules was you cannot write the letter with a black pen. So it genuinely is a, you can get this NFT for free and you can get the benefits of the NFT, i.e. Donald Trump, a trip to his Mar-a-Lago Gulf Resort without buying the NFT. So I thought that was quite funny. You know, there was technically a way to rug the entire process. You can also right click save as. Yeah. I'm just going to check the chat right now to see if anyone's saying hello to us. Michael, it's 3 a.m. on the other side of the world. Good stuff. And Georgie Toscano, 99 or George Toscano, 99. Sorry. He sends everything to his ledger just in case. That is good practice. Get your coins into cold storage ASAP Rocky in the second news story for this week. Okay. Gents, let's move on to the first story of the day, which is regarding whether or not we're going to go in Bitcoin. Marcel brought this up in the intro's spiel today. I might just share my screen here. So basically we're looking at that the Bitcoin price is hovering in a tight range. The Bitcoin analysts predict end to year for risk asset holders, which is the Santa Rally. The idea that perhaps in the run up to Christmas, we might get a run up in trad and also Bitcoin prices. But unfortunately it looks like we're having a grim end of year. And there's a couple of sections that I highlighted here just to discuss with Marcel and Sam today. Are we going to get capitulation? Or are we going to get a slow grind as this quote from crypto Tony listing really did sound like tea leaves. He said, so in 2023, I'm expecting Bitcoin to begin to form a bottoming the lower bound range we currently sit in a volume support around 11,000 to 9,000. So we're down to four figures. He said in a Twitter thread this weekend either that we capitulate or slow down is to be seen. Sam, this sort of flies in the face of your idea that we are bottoming. Is that for more relation, maybe down to this figure territory? Yeah. So I mean, as I mentioned, predicting the exact bottom is notoriously difficult. My general thesis has been a bottoming formation around this time in Q4 of 2022. Now, whether that happens in Q4 or in Q1 of next year, for me as a material, I think that the cycle has played out more or less like a four year cycle. So for me, anything sub 10K is pretty extreme, but one of the things that classifies a bottom is calls for extreme bearishness. And I mean, how much more bearish can we get? As I mentioned to the outside, things could always go lower, but right now I'm not picking any kind of bottom. I'm just cost averaging in. So Anon, I don't really care exactly when the bottom is because I'm not trading. Marcel will tell you about the trading aspect what the traders are doing. I'm simply investing in BTC as sound money. So I'm good either way. I'm glad to hear that. Marcel, are we at peak bottom? Are we at the peak bear market? Joe, I don't like to talk about short term, like two or three months, because for me, Bitcoin and cryptocurrencies is a long, long-term saving. It's like digital gold is a good start if you're a beginner. You won't see anyone going to a gold shop or to a bank to buy gold aiming for the next two or three months, because the oscillation price for gold doesn't happen that way. It happens over the span of five years, over the span of decades. And that's what I'm seeing in Bitcoin and cryptocurrencies right now. I'll explain that to you. For instance, CBDC, the central bank digital currencies, like every central bank in the world is saying that they're doing studies. Some of them like China already implemented in a few cities. And why do we want, do they want to do that?  So they know how much money each person has, what are the transactions that this person is doing. And more importantly, it can implement restrictions to the flow of this money. If you have CBDC, you can tell investors well, if you don't spend it for over 33 months, we're going to deduct 20%. Or we can say, well, 50% of your income, you can only spend on food or domestic companies. You cannot send it abroad. So it gives the central bank's total control of the population. So CBDC for me, it's the main trigger for Bitcoin and cryptocurrencies, which are decentralized. The second trigger would be, for instance, the United States, the more debt that the government has, the country has, which currently stands, I don't know, 32 or 34 trillion dollars, the more interest rates they're going to pay. And from what we are seeing right now, the debt levels continue to increase. So by the end of 2023, by the end of next year, they will be paying one trillion dollar of interest payments. The government is going to have to pay one trillion dollar just to cover the interest rates on the debt. So this spreading out effect of the debt, it's going to happen over the next two or three years. There's no way out of that. So the trigger is from here, CBDC and trillion dollar payment for interest rates on United States. So I don't know if it's going to happen in one year, two years, three years. So I completely agree with Sam. It doesn't really matter if the bottom is 14, 13, 16 thousand dollars, because what's going to happen over the next three years is what's going to set the tone for Bitcoin and cryptocurrency. And I do really think that 200 dollars is a conservative target, looking at the longer timeframe, like four years to eight years. Okay, okay. Fantastic analysis there. I mean, we've got a few comments in the chat just come through there. Firstly, we've got a identifier on the rock star that was pictured in the meantime. It was Iggy Pop. So a bit of pop culture knowledge important to stay in tune with mainstream. And the other was about whether or not 13,500 might be the bottom. Did you just mention it there Marcel and I missed it? Or could 13,500 be the bottom? It makes sense something around 14,000 dollars if you think that the top was 70,000. So the top to bottom would kind of match the ugliest bear market that was ever registered. And it makes sense if you were expecting a deeper recession on traditional markets. So you cannot say that well, the S&P is going down by 30% over the next two months, and Bitcoin is going to stay at $17,000. It's unimaginable. So if the stock market tanks, there's a good pretty good chance that Bitcoin will drop to $14,000 14k approximately. Okay. Okay. Good to know. And I'd just like to apologize to any viewers. There's a storm where I am at the moment in Portugal. And as a result, the internet gets a bit shaky at times or at least this is my understanding of the situation. Let's move on to the second article, which is the meat in our markets sandwich today. We mentioned it in the beginning whether or not Binance could be fud or not. I'm going to try to share my screen again to show the article. Now, effectively, the CEO of Binance, Xiaoping Zhao or CZ, as he's more commonly named, announced that he would acquire Voyager Digital, the defunct crypto exchange, which Cointelegraph reported about seven or eight months ago, became insolvent. Before we get onto the questions here, gents, Sam, who is this reporter here? I don't recognize this person on our team. Or is this supposed to be a Binance person? Who is it? It perhaps could be. I mean, is it Rachel Wilson with a haircut? I'm trying to work out what the arts team were doing here. Not quite sure. Okay. Either way, you can pick it up as an NFT if you are so that way inclined, as now all of Cointelegraph's articles are available as NFTs or at least the artwork is. Now, the real news here is that by April 18, 2023, Binance should have completed this deal with Voyager. We're going to discuss now whether or not they will complete on it. And they've also already agreed to make a $10 million deposit in good faith. Binance, of course, is one of the largest cryptocurrency exchanges, and $10 million should be a drop in the bucket for a group as large as them. Marcel, what do you make of this news here? Could this be a show of strength from this largest cryptocurrency exchange, and there's nothing really to it? Or are they genuinely looking at acquiring Voyager? Yeah, Joe, I don't know why, but it seems like CZ is tracking what Sam from FTX did step by step, trying to show a force. I would say that. So spending a billion dollars right now on the worst bear market that you had over the past six years, in a time that everyone is asking for regulators to be more harsh and to charge fines, even Binance itself is being investigated. Since 2018, it's nothing new, but maybe they have to pay a $100 million fine next month. And where is the money going to come from? If you're spending a billion dollars to buy a company, a troubled company, Voyager, it's not something that it's a cash call, that it's going to generate income for Binance. So I'm not familiar with bankruptcy procedures. So I don't know really what are the odds of recovering additional money. Maybe CZ had some insights to whether Tree Arrow's capital was hitting money or assets because they own Voyager over, I don't know, $400 million. So maybe it's a good play by CZ, but the timing right now, it doesn't seem good, doesn't seem fine with me. If he really has $1 billion stored in cash, he should be holding to that. So I think it's kind of odd the timing and deploying so much money in a business that doesn't generate cash flow. It sounds odd. It's funny, right? And yeah, that point about timing is crucial. I mean, CZ, if you follow his Twitter feed, for example, he's still promoting the fact that Binance is hiring, that Binance has been ready for this bear market for years, and they're really trying to show that we are robust, we are strong.  Do you think that this guy is telling the truth? Do you think that Binance really is in a good position right now to acquire these companies? Well, as Marcel mentioned, and I think I raised it a few weeks ago, I'm getting eerie parallels between SBF's behavior and CZ's behavior, everything from the sporadic tweets to the mixed messages to the audit potential issues. For me, what I found kind of odd was this whole talk about the clawbacks on FTX, and I think it was about 2.1 billion. I mean, whether the clawback happens or not is kind of immaterial. But why would he come out and say, well, if that were to happen, we'd let our lawyers take care of it? If you were in a better position, wouldn't that be reflected in your language? If somebody was coming to withdraw significant funds, or if you had to withdraw significant funds from your exchange and you're solvent and you're in a good position, you shouldn't have to resort to talking about your lawyers. So it's hard to say what goes on within Binance. I know we were talking about it before the show, and Marcel is absolutely right that it's very difficult to trust anything in crypto. Nothing is normal in this industry. The fact that we don't really know the corporate structure of Binance, the fact that you can't find key executives, the idea of trying to locate where their head offices is, where it's a complete mess, and that for me has more mirrors to previous shady business dealings that I've seen in the industry. So can I trust him? I personally wouldn't. I think he has a vested interest. I think he played a role in the bank run on FTX. I wouldn't trust what he's saying. Take it with a grain of salt. At the same time, I don't want to fud the whole situation. I'm just going by what he said and the incongruence with the entire picture of Binance being healthy. But overall, beyond that, I haven't seen any direct indications of any kind of solvency issues. Binance does go down. It's not going to be a positive for the industry. The fact that so many people are calling or want Binance to fail is another potential bottom signal for me. We were in the depths of despair so much that people in the industry are bringing it on. Let's add another layer of complexity and let's have the biggest exchange in the world go under. I'm not in that camp. I'm just trying to have a more nuanced position on Binance. But it's very difficult given the lack of transparency. Yeah. And it's funny, right? Because his behaviour as a CEO is to be that friendly, trustworthy face. He was bragging recently about how many selfies he took with people around the world at conferences. He is the guy that will pose for your camera, whatever. But behind the scenes, as you rightly point out, it's very hard to get concrete information about the financials, about the treasury, even about the headquarters, as you point out there, Sam. We just had a really good question through in the chat from Robert Santiago who said, considering all of the negatives, news about exchanges, which one do you use currently? For example, if you're looking to buy some Bitcoin or Ethereum or whatever you want to buy, what do you use? I mean, you could talk about this personally, I guess, gentlemen, or you could talk about what you think is the industry standard. Sam, in light of Binance being under fire, what would you use? Not necessarily recommend because I'm not sure we should be using those words, but what do you think people can use? In terms of exchanges, where to buy Bitcoin? Look, I've used in my life maybe seven or eight different exchanges over the course of my Bitcoin crypto career, whatever the hell you want to call it. I've been mostly using Kraken myself. Again, I don't work for Kraken. I don't have any association with them. For me, Kraken has always been a more secure exchange. I think you pay a higher fees, but in a lot of ways, as Jesse Powell just said, you get what you pay for. So for me, I haven't seen any real issues with Kraken. I've been using that exchange for years now with absolutely no issues. So that's what I use. There's another exchange in Canada that I use as well, but I wouldn't even recommend it given the background they've had before hasn't always been positive. I mean, if you look for any exchange, if it's a centralized exchange that has a good reputation or as good a reputation as you can have in the crypto industry, you could simply buy the Bitcoin there and then you could transfer it into cold storage, which is what I've been doing. So that's kind of been my approach, cost average in. From cost averaging smaller amounts, I might leave it on the exchange for a while, but after a few months, I'll transfer everything over. Just to kind of minimize my risk and to make sure that I don't have, I'm not overly exposed to one exchange. I do still use multiple exchanges. Binance isn't one of them and FTX wasn't one of them, thankfully. Yeah. I think plus one for Kraken. I think another thing that is in their favor is that they have lasted so long and Jesse Powell has been around the Bitcoin space. He seems to be more of a cyberpunk kind of character and he's weathered a few of those storms that the industry has seen, whereas the likes of Binance and FTX and other exchanges that went under recently, they were sort of born during the ICO boom and were created during this environment of sort of easy money, listing lots of tokens and a lot of these sort of pumps. So yeah, the fact that Binance has been going so long is probably a good note of encouragement and also the other key thing that Sam said there, if you're buying on exchange, you're not buying to leave it on an exchange, are you?   Marcel, do you have a personal preference here with regards to exchanges to help out our friend in the chat, Roberto? Personally, I recommend if you do trade, for example, futures contracts and options, you should spread across at least two exchanges so you don't get rugged all at once. Personally, I like to use Kraken. It's been here since 2011, so 11 years, almost 12 years in a row without hacks or stuff like that. So, I agree with you guys, but for derivatives, I use mostly Deribit because there's where 90% of the volume goes through on options markets and it has a good proof of reserves and liabilities for the exchange. Yes, they were hacked last month, $28 million, but they covered it was a hot wallet, it was less than 1% of the total holdings. They covered the loss. So, I think Deribit for derivatives is doing a great job. They have proof of reserves, proof of liabilities and Kraken for sport markets. Super, great stuff guys. And I think, yeah, Roberto, try a few things out of course, but remember the primary thing you're doing on an exchange, if you're just DCA-ing or cost-stabbering into Bitcoin is to withdraw off the exchange. So, make sure you know how to do that and educate yourself on that. And if you need some education, then Cointelegraph is the place to go. There's lots of handy guides on cold storage and how to manage your crypto in a safe way. Now, the third article today, this is probably one of the best headlines I've read this month. It's all about how Bitcoin has ditched the 16,000 dip as Leroy Jenkins, Bank of Japan flattens the dollar. For those of you who don't know who Leroy Jenkins are, Jenkins was. Welcome to the internet. It's a fantastic place to hang around. Leroy Jenkins came to fame. Actually, do you guys recognize or remember this meme, Sam Marcel? I do. Yeah, I do.  Oh, no. I mean, we can both have a go at explaining it. It was a World of Warcraft game, maybe nine or 10 years ago, that they're all prepping before they go into the fight. And they're giving out mana and trying to work out how to best allocate the resources, because it's a big battle. And then this guy, Leroy Jenkins, who it transpires, was actually high at the time. He just charged into the battle, sort of shouting, Leroy Jenkins! And it became very memed in a very popular video. And 10 years later, it's still been used on Cointelegraph headlines. It really has become sort of an evergreen piece of content from Leroy Jenkins. Is that a fair summation, Sam, of the Leroy Jenkins story? That was excellent. And it was funny. When Leroy charged, everyone was like, oh my god, oh my god, he charged, he's in, what are we going to do now? And the outcome wasn't very good for the group. Absolutely. And I think that then became like a secondary meme to the Leroy Jenkins thing, which was goddammit, Leroy, because everyone's swearing at the fact that he effectively ruined the battle. Anyway, internet meme culture aside, the article today is about how the Bank of Japan flattens the dollar. Now, this is not my wheelhouse when it comes to sort of financial markets and macros. So I'm really relying on the expert panel I have with me here today. So basically, dates from Cointelegraph Markets Pro, who you should definitely be subscribing to, and TradingView showed that the BTC USD, so Bitcoin US Dollar, returned to near $17,000 after falling 3% over the course of December the 19th. And this is shown on this great big wick down here. I'm going to make it a bit bigger on the 19th morning. What was going on there? Well, apparently, Japan seeming to follow the United States in attempting to take inflation had unleashed a can of worms, which would only become apparent later, they said. That's what happens when you artificially surprise the free market or suppress, perhaps as a typo, Arthur Hayes, former CEO of Exchange Bitmex, tweeted, likely intending to write suppress instead of surprise. There you go, there's your correction. Guys, what's going on here?  What's going on here? Why did Bitcoin dip so quickly? Why did it recover so quickly? And why is Japan? Why should we care about what's going on in Japan? So first of all, I don't think that yesterday's dip had to do with what Japan central bank did because it was later on the day from what I recall. But Japan looks for me that they folded after they bluffed. So they were saying that, yes, we're going to stop with the bond repurchase program. We don't think that inflation is a problem right now, but they reversed the trend. So they're increasing bond repurchase program. They're increasing interest rates. So they are scared about inflation. So kind of following what the UK, England did a month ago. So truth be told, everyone knew that those economies would not sustain themselves without heavy intervention. But they could not say that part out loud. They had to pretend, no, we're fine. No inflation is not a problem. No recession is not coming our way. They were live. And now these lives are being exposed. But the biggest question is how long can the US, the biggest economy in the world, sustain these tightening movements, so the raising interest rates and halting the bond buying repurchase program? Will US follow Japan and UK? Most likely, yes. When it's going to happen, we don't know. So until then, until the US bluff gets called, it's bearish for stock markets and consequently for crypto. So right now we remain bearish. Fantastic analysis. Okay, Marcel. And now in the article, just to go to the Leroy Jenkins bit, it says other responses were no less than Frank in their appraisal of Bank of Japan with Marty Bent, who is the founder of Crypto Media Company, TFTC or Tales from the Crypt. Oh, he won't like that. He'll say Bitcoin Media Company. He's one of those Bitcoin or crypto guys. He likened the move to the Bank of Japan having pulled off a Leroy Jenkins on the global financial system. Sam, please give you translate what Marty Bent means here. How has he pulled off a Leroy Jenkins on the global financial system? Well, I think the whole idea is that they made a move that people weren't expecting. Right. And I think that that is probably where the Leroy Jenkins reference comes to. I mean, it's very difficult to kind of predict where this is going to go. But this kind of introduces a new level of complexity, I think, in the market, given the fact that Japan has been trying to tame inflation. I think the global central banks have been taken a similar approach. But this seems to be a slightly different take than what we're seeing with the raising of interest rates that you're seeing. The Fed wasn't the first to do it, but they're the ones that are really leading the charge given just how correlated central banks seem to be with the Fed. Yeah, no, it does seem like the dollar or at least the Fed is pulling the strings for most markets around the world. And we're seeing these ricochets play off in small ways around the world. But ultimately, it's still the Fed that's there with the voodoo doll or the Pinocchio strings, whichever you want to look at it. Marcel, anything else you'd like to add in terms of analysis or context to this piece before we move on to the next segment? No, Joe. I think that it's a matter of sitting in wait. We're calling the central bank bluff. It's not something that's going to unfold in one or two months. We think that they're lying, that the economy is not in a big recession. They're moving go folks. So we just have to sit and wait. And when it happens, when they have to revert the trend, we call it pivot. So we start to buying bonds to protect the economy and the banks and the hedge funds. Then they're going to have to print more money. Then it's going to be a good time for Bitcoin. But you have to sit and wait. We don't know when it's going to happen. Okay. Okay. Good. Wise advice there. Fantastic. Okay. Let's move on to the next segment. But before we do, I just want to say hello to wrong again in the chat and Queen in the chat who's here for the exceptional care. That's always nice. We do like to take good care of you. And the following segment is all about just showing how much care we take with you. And it's all about a crypto tip. So this one is about taking your gains often. Now, these tips come courtesy of the market report and of markets pro. If you want to subscribe to markets pro, check out the link in the description down below as you can get 20% off. Now this week, we're talking all about taking your gains often. What does that mean? I'm going to explain to you right now. So as experts say crypto market participants should take gains frequently. When it's time to take profits, crypto investors are often faced with a dilemma that a crypto tokens price could sink or saw. So it's best to have a reliable strategy for profit taking. A lot of people nowadays just buy and hold for an indefinite amount of time. The hodl meme as it's known. And they're at the mercy of news, memes, celebrity tweets or FTX going up in flames, for example. So always establish a clear reason and goals for trading crypto in the first place and define your entry and exit points for trades. So before you even start clicking on Derabit, Marcel's exchange of choice or Kraken's sound exchange of choice, make sure you know why you're doing it and where your entry and exit points are. So that was our crypto tip of this week. Always helpful advice. And also remember that when you're taking your profit, think about what profit you're taking it into. Are you putting it into dollars? Are you putting it into pounds? Or are you putting it into Bitcoin? Also worth considering. Okey doke. As I say, don't forget to check the subscription box down below because there's 20% off-markets pro. Moving on swiftly, Marcel, I think the floor is now yours to take us through your crypto tip of this week. What do you have in store? Okay, Joe. Okay, Joe. So this week, we're going to talk about futures markets specifically about liquidations. It's a word here all the time. Well, $200 million liquidation moved the market down. But we need to understand what's happening out there and if that's really what's driving the market down. Pavel, if you can share my screen, please. So on December 15, the crypto futures markets face the $200 million worth of liquidations, which was the highest since the FTX collapse. So what does it mean? Liquidation means when leverage traders did not have enough margins deposited. So you can see that when FTX collapsed, we faced $550 million on one day and $340 million the next day. So roughly $900 million worth. And on December 15, we had $200 million, which is significant. Thank you, Pavel. So how does leverage trading and futures markets work? So for instance, a trader can deposit $1,000, $1,000 and buy $10,000 worth of Ethereum futures. It's a derivative contract. So he's betting that the price will go up. So he's using a 10x leverage. He deposited $1,000. He bought $10,000 of futures contracts. It means that if the price go up 5%, he gets paid 50% gains. Wow, that's magnificent. Everybody wants that. So what's the catch? The problem is if you're doing 10x leverage and Ethereum drops 10% at any point from your entry price, the position gets liquidated.  So firstly, how relevant was the $200 million liquidations on December 15? Essentially, not much because the open interest, the total in futures contracts of every exchange and every coin is roughly $21 billion. So it's less than 1% of the futures contracts were liquidated. But we should not dismiss that 1% for two reasons. First, when a leverage buyer is liquidated, the example I gave, each price goes down 10%. And the guy was using 10x leverage. So what happens? The exchange is forced to sell those contracts. The guy was long. He was betting on the price upside. So when he's liquidated, the exchange has to do a market order to sell those contracts in the market. So it causes additional downwards pressure. And second, if a huge chunk of open interest is fully hedged, which is the standard, not every leverage trader or futures trader is a degenerate gambler. Some are using for hedge. For instance, miners are selling Bitcoin futures so they can have the same price for the entire month. There's no oscillation in the price because he's selling future contracts. And there's the cash and carry. It's kind of a fixed income trade. You buy Bitcoin at Kraken or whatever exchange you like to use, Coinbase or whatever. And at the same time, you sell the futures contracts. So you try to get a small premium. It's a fixed income trade. It doesn't matter if Bitcoin prices go up and down. So I don't think that 80% of the open interest can be liquidated. It's not that. It's like 10% or 20% are degenerate gamblers. So when the price moves down, they're going to be liquidated. So it's a risk, but it's not a $20 billion risk. But there's no way to predict how long the bear market is going to last.   So be careful out there. If possible, avoid leverage at all costs, even if you are experienced trader. It's not a market that you can predict what's going to happen next week or next month. So you have to stay alive. You have to stay afloat. That's the most important thing to do during a bear market. So that was my tip for today. Fantastic myself. That was amazing. In particular, not everyone is a degenerate trader. Some of us are out there trading responsibly. Not myself personally. I don't have the skills for that. But that's why we've got Markets Pro to help people like me who really can't really work the way around a telephone, let alone a trading candlestick chart. And that's what we're going to switch to today. Thank you very much, Marcel, for that segment. Let's talk about this week's Market Pro report. This week, it's about a newsquake. This week's newsquake is called Leo or Leo token. It's not a star sign before you get into your study of constellations. This time we're talking about the token, Leo, because as we know, news moves the crypto market and the newsquake services by Cointelegraph Markets Pro helps traders, such as Marcel, such as you watching at home, to stay on top of important developments. So these newsquakes are automated alerts that instantly notify users when market-moving events happen. And thanks to them, Markets Pro subscribers often beat the crowd to the most important news of the day. And maybe people use leverage upon these news. They're free to do whatever they like, but as Marcel says, do trade responsibly and try to avoid leverage where possible. So Leo this week saw a large price movement on the heels of informative news. On December 15th, newsquakes informed the Markets Pro community about Bitfinex staking and a new version of the Bitfinex mobile app. As you may remember, Leo was the token that Bitfinex used to make investors hold again following the Bitfinex hack in which $80 million of Bitcoin that was stolen became $4 billion due to the increase in price over the past six years. Leo token was created off the back of that and clearly listing on Bitfinex, which is the sort of exchange that listed it in the first place, would help to boost the price. You would have got that information had you subscribed to Markets Pro. So soon after this newsquake, the token's price rose from $3.68 to $3.97, an increase of 8%. You buy $100 worth of Leo token, you've got yourself a nice $108 in return. And Leo, as I said earlier, is the utility token intended for use on the Bitfinex exchange. Following Leo token, we also have the Vortex score, which is our sort of grading system specific to Markets Pro. It's a very useful feature and it's an algorithmic metric, which we call Vortex. So it's a comparison between a current market and the social conditions of the market in the past. What does that mean in a nutshell? High score means that judging from historical data, the asset's current outlook is bullish for the next 12 to 72 hours. So very short trading periods. And a Vortex score of 80 and above within this context is considered confidently bullish. So we think the price is going to go up. Conversely, a low Vortex score below 30, for example, historically would mean bearish conditions on the horizon. So you probably want to long the 18 above and short the 13 below if you're into trading. This week, we saw a top gain at RAD, RAD token. Once again, see a remarkable price movement after a line of green Vortex scores. So the green Vortex scores are of course confident bullish. We think the price is going up. Early in the week, the token was trading at the $1.52 mark when high scores alerted market price subscribers of historically bullish trends for the token. A few days later, the price jumped to $2.19, a rapid 44.1% jump. So again, if you're there trading and you get these Vortex scores through, it's another tool as part of your trading toolkit that could give you the upper hand on the market. As mentioned a few times already, please subscribe to Markets Pro. And if you drop a comment in the chat, which is quite lively today, I'm just having a look through. We've got lots of people saying hello, such as Rong again and the Queen. You might win a Markets Pro subscription, which is worth $100 and therefore gain access to not only the Vortex score, but the Newsquakes alerts. Fantastic. Let's get back to the show and back to these fine gentlemen and their experiences with Bitcoin in the crypto markets. Now gentlemen, it's been a bit of a whirlwind week once more. Do you have any advice, tips or maybe some holiday cheer to share with the audience before we bring the show to a close? I'm really having a struggle with words this week. Sam, what do you think from Snowy Canada? What about some Christmas cheer? The Christmas cheer is that you shouldn't be advocating crypto to your family at this stage. I think those of you who were telling people to buy the top during Thanksgiving of 2021 probably aren't showing your face around the holiday table. Let's avoid that. We can talk about the economy, the financial markets, the great Ponzi, the imploding bond markets, all of that. And then you could potentially talk about how Bitcoin could save all these things, but never try to convince someone. That's what I've always said. Stake your claim, make your case, but don't try to convince anybody of anything. They'll figure it out for themselves or not. If you're a Bitcoin holder, I think that you're in a very good spot in the long term. Since we can't change the market dynamics now and since we're in the brutal bear market winter, just enjoy the holidays and don't focus too much on the markets. We'll have plenty of time in 2023 to dissect all of that. Enjoy the holidays in the New Year. Thanks. Fantastic. Nice note there. And yeah, just to hammer that point home, this isn't financial advice. This is just a couple of gents sharing information about what they see going on in the world and the fires and in some places the spots of light in this weird darkness. Right, Marcel, that got a little bit weird. What are your messages for this winter, this Christmas period? Well, Joe, first of all, my hearts and prayers for everyone in California. Looks like we had an earthquake, strong one out there a few hours ago. And secondly, my message is everyone has an agenda.  Everybody has an agenda. So you have to figure out stuff on your own. Yeah, so do your research. It's hard. It's not easy. I used to believe that US dollar was the biggest economy in the world and etc. And then when I started studying that 30% of the Americans live in poverty levels. They have no assets. They only have debt. If they don't have income for the next 30 days, they won't be able to pay their bills and they're going to be evicted. They're going to be living on the streets. So you cannot say that that's the wealthiest country in the world.  So stop believing everything people, television, the Twitter or whatever, she leads to you. Do your own research and happy holidays for everyone. Great advice. Everyone has an agenda, even me just saying. So watch what you read on on Twitter. Okay, fantastic. We've just got time before we wrap things up to announce this week's winner. Drum roll, please. And I think it's going to go to Michael. Where was Michael's Twitter handle? If not, please, please drop it in the chat or DM us on Twitter, and we can give you your markets prescription, which is fresh off the press and will include those vortex scores as well as the news quakes. Yeah, I think that's I think it's to Michael this week. Fantastic. Thank you to everyone who's tuning in from around the world. It's great to be with you during these rather dark times. It will get better. You know, humans have an amazing capacity to adapt to evolve and to flourish eventually. And we'll get there with tools like Bitcoin at our disposal. Thank you, Marcel. Thank you, Sam. I think this is the last show before Christmas. So happy Christmas.  I think we will wrap up and leave it there. So thank you so much, everyone, and Merry Christmas. I want sats for Christmas.


You know, 20 years ago, I came to this meeting, I said, come, we can walk on the moon and we cannot repair cartilage. I said, you know, we need to focus on this. We need to really develop approaches for that. 20 years later, we don't know how to repair cartilage. And it's a very interesting tissue because cartilage is not an easy thing to repair. But how close are we? I think now we are developing drugs that will delay osteoarthritis. So the goal is, you know, you're going to have a osteoarthritis cartilage damage. I'm not going to repair it. But I'm going to delay the joint replacement. I'm going to reduce your pain. I'm going to probably, you know, improve cartilage.  But I'm not going to be able to replace what you're born with. We have a lot of different meetings. I go to gene therapy meeting or stem cells meeting. But this one here is very unique because I have a lot of collaborators. And we used to have all the surgeons also with us here because the American Academy of Orthopedic Surgery and the Orthopedic Research Society used to be combined. But I think this is the main meeting for us. I mean, you know, all my best friend in science, the muscle expert, the bone expert, the cartilage expert, the tandem expert all come together here. And I always like to come to this meeting. But I think this really would change our mindset because when we're scientists, sometimes we think that, hey, we're going for the home run. We're going for the curing the disease. But at the end of the day, I think what we can do now is if I take someone at 50 years of age who has a steroid arthritis and if I treat them with the drug we're developing now and instead of having a joint replacement at 50, you got this first joint replacement at 60, it's a big deal. Because that's maybe the only joint replacement he's going to have in his life.


What's happened in Magnet Sights? So I thought I was done doing videos for today, but I have ran into the trailer for Street Fighter V, and it's supposedly only exclusively coming to the PC and PlayStation 4, yet another reason for me to get to PlayStation 4 other than the Batman and Arkham series coming out. I know a lot of y'all saying, Tyrone, just get it for your PC. I understand, I understand, but I just might want the PS4 for a bunch of other things also. I understand there's some hardcore PC games, but I need to point you to this video. Let's talk about this trailer. I cannot show it because it is getting taken down all over the place. They did not want it leaked, apparently. But it does. I'll post the link below so you can go check it out before it gets taken down on whatever this web page is, but it shows Chun-Li and it shows Ryu fighting amongst all these other different scenes of people in tournaments and stuff like that, you know, video game Street Fighter tournaments, and I'm telling you right now, they look crisp as hell. It looks good. Nice and detailed everything. Alright, and at the end, it does show Ryu hit a massive Hadoken.  It's nice. It even shows him hit the hurricane kick like a super hurricane.  So go check it out. Post your comments below. Let me know what you think about Street Fighter 5. And if you haven't subscribed to my channel yet, don't forget to subscribe to my channel because it's warmest subscribers, Hadoken.


Fort Ransom is a small place within the state of North Dakota, USA, that may hold an enormous, yet quietly held secret. In this small slice of the rural farming lands of the United States, lies a place known as Pyramid Hill, a small, modest pyramidal mound, which is very similar in shape and size to the curious pyramidal mound found in other parts of the world, such as Silbury Hill, a chalk pyramid within the UK. Long argued by a number of funded geologists as a mere natural formation, however, local residents along with historical accounts within the area have strongly disagreed with these conclusions since their predictable acceptance by the academic community. A vast portion of the surrounding population believe, including a number of specialist historians and archaeologists, that Pyramid Hill is in fact that of a man-made pyramid. What's more, they hold to the belief that it is the oldest pyramidal structure on earth. What makes this site the most interesting, we feel, however, and the reason for this video is the writing stone which was found nearby some centuries ago. Only very ancient cup and ring marks, and constructed to form some kind of communication, they have, however, remained undeciphered, they are incredibly intriguing, and are reminiscent of a hybrid between music and Morse code, yet all attempts to establish a translation of the pattern have been unsuccessful. Located in the Cheyenne River Valley, in southeastern North Dakota, pitted mysteriously cup and ring marked boulders, appear in Saskatchewan, South Dakota, Iowa, and many other sites all over the world. Just who created them remains a mystery. Was the writing stone left by the original builders of Pyramid Hill? If so, why is it an unknown language? Who wrote it? Is Pyramid Hill really the oldest pyramid on earth? By an unknown culture who clearly spoke and wrote a highly complex and as yet undecipherable language, perhaps one day we will find out the truth. So today is update time. Dr. Sam Osmanagic, please tell us about the connection of the Bosnian Pyramids to the cosmic internet. It's been since 2005 that we started the Bosnian Pyramid Project. It started as archaeological digging, but then we expanded to interdisciplinary scientific projects. Then, due to the energy properties that we've been investigating, that was the third aspect, and then we got the spiritual aspect and the self-feeling aspect. We realized that Pyramids are actually huge energy amplifiers using existing natural energy sources. This past week, Dr. Samir Osmanagic has returned from a 22-day expedition into the Cambodian jungle as a member of a controversial team exploring the underbelly of the Cochir Pyramid that has been discovered within the jungles. It was not initially made publicly clear what his work involved, or indeed if it was connected to his extensive and extremely controversial studies of the Pyramids within Bosnia. However, upon his return to the Bosnian side, he has revealed what he has been quietly confirming. Structural similarities have been discovered beneath the Great Pyramids. Characteristics which he believes will lead to a shift in our understanding of the function of all Pyramids here on Earth. A few months ago, we shared with you a video regarding the countless testimonies of people from all over the world who have experienced strange energy surges and beams of light when in the presence of these grand, ancient buildings. He is now convinced that the Bosnian, along with the Cochir Pyramid, contain all the characteristics needed to form some sort of free energy machine. The Pyramids' geometry, orientation towards the sides of the world, application of the sacral elements, the design of the water flows beneath them, the passages under the Pyramids, and the large presence of air are all designated sources for an electromagnetic generator. The first ten days of May 2017, Osmaniagic spent in Tibet. Besides visiting the Buddhist temples, his goal was also to visit the pyramidal mountain Kailash. The tour takes three days, and during which the distance covers a grueling 54 kilometer terrain, reaching almost 5,650 meters in altitude. Now back in Bosnia, the director of the archaeological Bosnian Pyramid of the Sun Foundation will host, together with a doctor, a group of 130 distinguished guests from Egypt, India, China, and other noted nations in a series of four seminars regarding his finds. Dr. Osmaniagish claims on the surface of, and underneath the Bosnian Pyramid of the Sun, archaeological digs have also found quartz crystals. The crystal is present in the underground tunnels also. A Finnish researcher, called Mika Virparanta, has also found 26 volcanic lines, leading to the Bosnian Pyramid of the Sun. Mr. Osmaniagish believes his research also shows the importance of the location of the pyramids in Vesoko. He said, My research and arguments that the pyramids were built worldwide, and that the oldest pyramids are also the most superior ones, has led to situations where Egyptologists have created a wall of hostility towards me. Our evidence, which indicates that the oldest and highest quality concrete on Earth can be found at the Pyramid of the Sun, and the existence of the large network of prehistoric tunnels, has resulted in written petitions being sent to the European Archaeological Association fighting against our research being made public. However, time and scientific arguments confirm that we were right and they were wrong. He also supports the ancient alien theory. He added, Life originated thanks to an intervention on our planet. Species on Earth change in the long term through experiments, where evolution plays a minor role. Yet, Homo sapiens are the result of genetic engineering, and of course, we are not the first nor the most advanced civilization in the history of the planet. I will keep you all posted. Simir Osmanagic, a Bosnian-American businessman now based in Houston, Texas, has long claimed that a particular and uncannily angled hill, long presumed as a natural formation, is actually the largest human-made ancient pyramid on Earth. The claims have predictably been met with hostility by those in the academic world who protect modern paradigm. His work has also been heavily criticized, not only as a hoax, but damaging to the other areas of Bosnia which are authentic and mainstream accepted ruins. However, regardless of these hostilities, Simir has continued his research and promotion of the area as a tourist attraction. Furthermore, what he has since discovered from numerous excavations is curious, clearly artificial, and massive ancient activities now hidden beneath several meters of strata. Not only have these discoveries of ancient masonry corroborated his ancient claim, but there is also evidence to suggest that incredible efforts were made to divert and control the flow of local water systems, channeling them into and beneath the structure. Regardless of these discoveries, mainstream sources continue to dismiss his claims, and indeed further supporting discoveries, continuing to retain a position of complete denial, claiming that, quote, there is no evidence that they were shaped by human construction. The European Association of Archaeologists has condemned the so-called Bosnian pyramids as a cruel hoax, along with various other scholars, end quote. There are others, however, who have looked into the research and indeed Simir's efforts in depth, and from this have come to realize that there is much about this curious hill still to be unraveled, and regardless of the skeptic's unrelenting hostility to said claims, they have discovered something rather extraordinary. According to radiocarbon dating, done on an artificially constructed tunnel which penetrates the pyramidal feature, if accepted by mainstream academics, they would also have to be dated at over 32,000 years old. Could this be the reason for such hostilities in regard to fully exploring the site? The tunnels found in Ravney Park 2 have been carbon dated by the Archaeological Park Bosnian Pyramid of the Sun Foundation. We have ourselves in the past explored the casing stones upon the great pyramids of Giza, these stones clearly of a much younger age than the stone in which they are now preserving. Severe erosion upon these earlier stones, we feel, may also be indicative of a similar age to that found at the Bosnian site. Simir commented on the latest find by stating, quote, according to the results of the examination of stalagmites found in the new tunnels, we discovered an antiquity of 26,200 years old. It means that these entrances and tunnels, which until now have remained hidden from the public, go deep into the past of the region. He continued, when we add the time needed to prepare the base for the creation of stalagmites and corrections for calibrated age to the radiocarbon age, we arrive at about 32,000 years. This is exactly the age of the Bosnian Pyramid of the Sun and the underground tunnels of Ravney. And they are all part of the same culture, concluded Osman Aghaj, speaking to Denevni Avaz. These discoveries, along with Simir's earlier work, regardless of the skepticism which predictably surrounds the site, we find highly compelling. We have in the past covered the astonishing discovery solely made by Dr. Sam Osman Aghaj within Bosnia, long thought to have merely been a hill, completely overgrown and neglected, with many locals even building upon and farming its inclines. Dr. Osman Aghaj, however, after studying the geology of the area, realized the reason for precise angles of this supposed natural formation, eventually confirming that it was indeed an enormous ancient pyramid, one that after long arduous research has been found to rival even those of Giza, indeed even its plateau, especially if one takes into consideration the following exposé. Regardless of constant mockery, objections, resistance, and dismissal he has predictably experienced from mainstream funded academia, Dr. Osman Aghaj has not only unearthed vast portions of this ancient structure, proving beyond doubt that it was indeed an ancient pyramid, but has also successfully penetrated its inner sanctum, along with many other highly intriguing ancient sites located within the local vicinity, all littered with stones that seemingly give off resonance frequencies that are not only being ignored by mainstream scientists, but baffling all those who valiantly decide to explore their features. Yet, thanks to Jock and Sam's continued efforts, our understandings of the incomprehensible, astonishingly true scale of this site has increased dramatically, and indeed the feat that whoever built it went through in constructing the site truly unbelievable. Jock spent 16 months as official videographer for the Archaeological Park Foundation, a Bosnian NGO nonprofit organization created by Dr. Sam Osman Aghaj, during which, and thanks to the considerable effort of hundreds of volunteers, who since 2010 have been involved in the backbreaking excavations of the site, and clearing many tons of rock and earth from the area, including the Ravni tunnels. Such tunnels are apparently widely known locally for their healing powers, which upon investigation, many alternative investigators have recorded unusual bio-electromagnetic energy levels within. Yet, Jock and Sam's most recent personal discoveries is the connection of these tunnels, located a fair distance from the pyramid itself, interwoven with all the local ancient sites, a result clearly intended by the past intelligence responsible for their creation. These tunnels backfilled 4,600 years ago, for reasons that many have postulated, was done to avoid further degeneration of the original civilization's work. Thus, we're clearly a conservation effort, that just like I have postulated on several other videos, are the purpose for the casing stones, which can still be found upon the Great Pyramids, were done by groups who clearly revered these sites. Furthermore, regardless of this connection of tunnels, Jock and Samir have also realized, thanks to these contributory excavation efforts, something truly astonishing regarding not only the Bosnian pyramid, but the entire surrounding area, which just like the pyramid, were long presumed to have been merely a natural geological landscape. However, all of the curious sites that have been found dotting the surrounding area, were not only undeniably man-made, but that the entire landscape was actually once carved out by hand or possibly machine. With the river Fonica, which runs through the entire site, masterfully designed to permanently remain placid, also man-made, and due to the fossilized stonework found, enabling this water's manipulation, according to Jock, indicates it could have possibly been completed millions instead of thousands of years ago, successfully creating a river which gently meanders through the site. Who built the Bosnian plateau? Who had such tremendous earth-moving and water manipulation capabilities? Seemingly many hundreds of thousands or possibly millions of years ago. As the investigations within the area continue, it is slowly growing into one of the most enormous, most compelling areas of evidence of ancient advanced lost civilization to be found anywhere on earth. Thank you very much to Jock for bringing all this astonishing information to light, furthering all of our understandings of their past capabilities, and as the research grows, so does the compounding proof of these past highly capable civilizations. We will, of course, keep you posted through our connections, a place that is undoubtedly highly compelling.