Latest / Panic Drop Podcast / Mo 19/10 | Daily Crypto & Macro News

Transcript

Mo 19/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Monday all,
• 0:03
  SPEAKER_01: and welcome back to your daily rundown of everything that moved in crypto
• 0:07
  SPEAKER_01: and markets over the past 24 hours.
• 0:09
  SPEAKER_01: Let's start with Bitcoin, because the big buyers are clearly getting itchy.
• 0:14
  SPEAKER_01: Michael Saylor hinted at another Bitcoin purchase for strategy,
• 0:17
  SPEAKER_01: saying they found room for more orange.
• 0:20
  SPEAKER_01: And Strive's CEO is dropping hints too, talking about stacking sats with double the horsepower.
• 0:27
  SPEAKER_01: El Salvador keeps going as well and now holds 7,807 Bitcoin, worth roughly $624 million.
• 0:36
  SPEAKER_01: Not everyone was buying last week though,
• 0:38
  SPEAKER_01: with Bitcoin ETFs seeing about 229 Here's a fun one for the bulls.
• 0:46
  SPEAKER_01: Bitcoin hasn't closed two Octobers in a row in the red since at least 2013,
• 0:51
  SPEAKER_01: so the clock is ticking on this month.
• 0:54
  SPEAKER_01: Over in macro, China's economy grew 4.5% in the third quarter, beating expectations.
• 1:01
  SPEAKER_01: On the geopolitical side,
• 1:03
  SPEAKER_01: President Trump warned that if Iran doesn't change its approach quickly,
• 1:07
  SPEAKER_01: the US will complete the mission against it soon,
• 1:10
  SPEAKER_01: and Washington is also threatening devastating retaliation
• 1:14
  SPEAKER_01: against European companies The EU restricts Starlink.
• 1:18
  SPEAKER_01: Now for a reality check on the US.
• 1:21
  SPEAKER_01: The national debt has more than doubled in 10 years to over $40 trillion
• 1:26
  SPEAKER_01: because spending grew 92% while tax revenue grew 65%.
• 1:31
  SPEAKER_01: Prices are up close to 40% in a decade.
• 1:34
  SPEAKER_01: Nearly one in five American families fell behind on debt payments last year,
• 1:39
  SPEAKER_01: and flying home for Thanksgiving now costs about $402 on average, up 31%.
• 1:46
  SPEAKER_01: We needed another reason to own scarce assets.
• 1:48
  SPEAKER_01: There it is.
• 1:50
  SPEAKER_01: In tech,
• 1:50
  SPEAKER_01: Anthropic is proposing an AI safety law that would let
• 1:54
  SPEAKER_01: the government block dangerous models,
• 1:56
  SPEAKER_01: and it plans to dedicate 20% of its shares to the public good
• 2:00
  SPEAKER_01: while Elon Donald Musk says X usage is at an all-time high,
• 2:05
  SPEAKER_01: and this week is a big one for earnings with Netflix and SpaceX on Tuesday,
• 2:09
  SPEAKER_01: then Tesla and Meta on Wednesday, so buckle up.
• 2:13
  SPEAKER_01: Meanwhile,
• 2:13
  SPEAKER_01: Americans are drinking less than ever with only 54% saying they drink alcohol,
• 2:18
  SPEAKER_01: the lowest in Gallup's history.
• 2:21
  SPEAKER_01: Maybe they're saving up for Bitcoin.
• 2:23
  SPEAKER_01: Over in altcoins,
• 2:24
  SPEAKER_01: Ethereum ETF saw about $320 million in net outflows last week and a new
• 2:31
  SPEAKER_01: The new DeFi protocol called Bitcoin Strategy wants to bring
• 2:34
  SPEAKER_01: the Strategy Treasury playbook on-chain with a fixed supply of 50 million tokens.
• 2:40
  SPEAKER_01: That's it for today.
• 2:41
  SPEAKER_01: If you enjoyed this, make sure to follow along and tune in tomorrow for another rundown.
• 2:47
  [music]