What's up, graham, it's guys here, so i had another video that was scheduled to post today, but that could wait because we got ta talk about what's happening throughout the entire stock and cryptocurrency market and the likelihood of seeing some pretty big gains and losses over these. Next few weeks is, everything goes absolutely bonkers. For instance, analysts now believe that bitcoin could search to a high of a hundred and seventy thousand dollars by the end of the year, zillow shuts down their home buying operation in a signal that some believe marks. The peak of the market, a new privacy change, is wrecking havoc throughout my favorite tech stocks and oh yeah, the topic of getting banned from trading that happened.

So, let's address, what's going on the biggest factor that could soon push bitcoin above 150 000, whether or not zillow has identified the peak of the market and the reason behind the trading ban, of which i promise has nothing to do with me. Starting an only fans account to post all of the tantalizing details of my portfolio yeah. I did that, but it's meant to be a joke kind of anyway. There's a lot we have to cover and as usual, if you guys appreciate all of this information being condensed down into just the facts, it does help me out tremendously.

If you hit the like button and also if you're brand new here feel free to subscribe, because i post new videos every monday, wednesday and friday that have to do with personal finance, investing and everything related to your money and making more of it. So, thank you guys so much now with that said, let's begin all right so first we should really talk about what's happening with bitcoin and the fact that throughout the last week it's been unstoppable, except on binance, where it briefly crashed 87 in three minutes and hit A low of eight thousand dollars, but i'll tell you why that happened in a moment anyway, after the immense popularity of the brand new futures traded, bitcoin etf, a brand new all-time high was reached at a whopping 66 974 dollars, although it doesn't stop there because now It's in danger of being too popular for its own good and being closed off. If nothing is done, yes seriously, see the bitcoin etf is a really really big deal. It marks the mainstream acceptance of being boomer, approved on the open market and in a way, some regulation is a sign that lawmakers take it seriously.

They intend for it to stay and they want to find every way possible to turn it into a money-making machine, and so the etf was born. However, this wasn't just any normal etf, where you buy into a holding company that then owns an equal proportion of bitcoin. As collateral, instead for this to gain acceptance from the sec, this etf operates as a futures contract, meaning you're buying into a holding company that buys contracts that promises to purchase bitcoin at a specified date and price in the future, and because of that, they were able To gain acceptance from wall street but as bloomberg says, that is also part of the problem as a futures traded etf, there's a limit to how many contracts you're able to hold every single month - and in this case it's 2 000, which, as you're about to see, Might not be enough! That's because in two days of trading, the futures traded etf hit almost 1900 contracts for october and they could soon reach the very maximum with still another 10 days to go now to get around. This limit they've started adding another 2 000 contracts for november, although almost immediately they amassed another 1400 contracts for that month, too, leaving them with very little room to move forward without either being oversubscribed or reaching the cap on how much they could do now.

Even though this is a quite unique situation that jp morgan warns could distort the market, the good news is that this means there is substantial demand for bitcoin on the open market, and it's way more popular than current regulation can handle. This should also spark a lot more competition between other futures traded etfs, which was scheduled to launch over the next few weeks, although when it comes to bitcoin, it doesn't quite stop there, because, with all of this excess demand could come an even higher price. At a 168 000, the founder of fundstrat tom lee says that he believes bitcoin could search to 168 000 by the end of the year. For two reasons, number one - a futures, traded etf - is very likely to pave the way for a traditional etf that buys and tracks the price of bitcoin, allowing individual investors to buy into it without having to store it themselves.

That would lead to a significant inflow of money into bitcoin that otherwise would be sitting on the sidelines, because most people have no idea how to buy it, which at this point, let's be real. It's pretty simple, even public.com, graham recently implemented cryptocurrency trading, and i made my first purchase there this morning. So if you want to join and get a free stock in the process worth all the way up to a thousand dollars use the link down below. In the description and second, as of right now, only a fraction of investors currently own cryptocurrency get this.

It was recently found that only six percent of u.s investors say they own bitcoin, that's it, but even throughout investors, between the ages of 18 and 49. Only 13 of them own bitcoin - that's really not that much when you compare that with the sea of other investments available for people to buy cryptocurrency still makes up an extremely small portion of liquid investments dwarfed by the size of both gold and art. Tom lee's analysis believes that the more mainstream it gets and the more people adopt it demands will far outstrip supply and the price will reach 168 thousand dollars before finding an equilibrium. On top of that, jp morgan says that the price of bitcoin could also be driven by something else, and that would be inflation, as they say.

We believe the perception of bitcoin is a better inflation. Hedge than gold is the main reason for the current upswing triggering a shift away from gold etfs into bitcoin funds since september, but they also warned that the initial hype with bitcoin futures could fade after a week. Although then, again, jp morgan has always been pretty salty. Over bitcoin so take that for what it's worth as for myself, both bitcoin and ethereum currently make up a little bit less than eight percent of my total portfolio and i'm buying into it on a regular basis.

Just like i would with any other stock. I'm also just transferring it over to block five, because at least they're paying me an interest rate on my money, whereas otherwise i would be earning nothing and by the way they're also offering up to 250 of the free bitcoin. When you go to blockbuy.comgram i'll. Just put the link down below in the description, so you don't have to go through all the extra work of typing it out, so it's all down there in the description enjoy and as far as why bitcoin dropped about 87 on binance in a few minutes.

Here's what you need to know summarized in about 20 seconds, even though they say this was caused by a bug in their trading algorithm. Most people believe it was due to a single individual dumping, a whole bunch of bitcoin all at once, and when binance didn't have the liquidity to absorb that much on the market, all at the exact same time the price dropped, stop losses were hit and it eventually Bottomed out at eight thousand dollars before quickly rising back up, it's a very unique situation, but had you had a buy order in at ten thousand dollars? You would have made a very quick 500 profit, but anyway, throughout the last year, i've taken cryptocurrency very seriously, and i see it as a great way to diversify your investments and hopefully not lose money like zillow. Listen at first, i was not going to talk about this, but given the sheer amount of comments asking me to talk about what's going on and whether or not this could be cause for concern, i'll give my take on things since after all, real estate is where I got my start and i have a feeling there's a lot more going on than meets the eye. Now this all started when zillow launched, what's called their.

I buyer program that allows homeowners to get instant cash offers if they want to sell their home. In fact, they believe this would be such a big market that they were about to lock in 450 million dollars worth of funding, to buy even more homes, but uh something changed. Some people might want to reference. A viral tick tock, which theorized that websites like zillow, were snatching up homes in an effort to control the market, but the reality is flipping.

Homes is just not as profitable as they expected. When i started looking into this, i was actually very surprised to see that these eye buyer programs were actively losing money at an average loss of forty thousand dollars for each home, bought and sold. Why you might ask? Well, the problem stems from how much they were paying for these homes in question, which i got ta say up front is a lot more than what you would expect for a totally virtual service. Now, even though zillow claimed that homeowners who turned down their eye, buyer offers only receive an average of 0.09 more on the sale by going the traditional route more recently, it was not only found that i buyers were paying an average of a hundred and four percent Of the home's market value, but they were also expanding the areas in which they purchased, leading them to even greater losses by the time the home is eventually sold on the market.

However, in this case, money was not the issue. Zillow is a very big company that could raise as much money as they want and burn capital for many many years before, even becoming an issue, but their biggest blockage was not that they thought the real estate market had peaked, but instead they claimed that it was Labor and supply shortages that made it impossible for them to fix and re-list homes as quickly as they would want. After all, if zillow buys a home and that home needs a light, remodel, zillow can't afford to wait an extra 12 weeks for flooring to arrive while the home sits, empty, collecting dust and accruing interest, property taxes and insurance along the way in real estate. Every single day a home sits empty, the more money is being lost and when zillow can't efficiently remodel and flip homes as quickly as they want, then the entire business model stops working.

Now, as a real estate investor myself, i never understood why they would want to get in the remodeling business to begin with it's an extremely time. Intensive localized market, that's very difficult to profit from on a large scale. These are not like widgets on amazon that you could buy in bulk at a discount and then sell for a profit. Every property is different, every remodel is different and managing renovations is just a logistical nightmare.

I figured they would just be doing this to harvest more data from active sellers, but given how much they're losing and the difficulty in sourcing materials, it makes sense why they would cease operations. Otherwise, no, i don't think this signals the top of the real estate market, but i do think it indicates just how severe the supply chain shortages are and how real estate is a lot more nuanced than most people. Think. But speaking of nuances, here is the biggest story of the day and that would be getting banned from trading.

That's right. For the first time ever, the federal reserve has banned officials from buying and selling individual stocks. After a recent controversy involving some potentially maybe insider trading, conflicts of interest having to deal with preferential treatment of printing a lot of money, see as it is right now, if you're an elected official you're free to buy and sell whatever you want. As long as you do not use private information to profit, on top of that, all of your trades must be disclosed within 30 days of purchase, even though technically the penalty is only 200 dollars.

If you don't do that, which is really not that bad, but here's where this begins to raise some eyebrows, two federal reserve presidents have recently retired early after some controversy about their recent purchases. Under a past disclosure, it was revealed that one of them purchased 27 individual stocks, valued at over a million dollars and companies that stood to benefit from the programs. The federal reserve was planning to inject a lot of money into in response to this on september 9th. They announced that they would be selling off their holdings as a show of good faith.

Even though, when you look at it, it appears as though they've sold near the all-time high and then they both retired early nice. But now new regulations were put in place to ban federal officials from buying and selling individual stocks, and instead they would limit their investments to both mutual and index funds that ride the entire market without any preferential treatment. That could be a conflict of interest now on special occasions. There can be exceptions to this as long as the person gives 45 days advanced notice to any purchases or sales and gets approval.

You're also going to be required to hold those investments for at least a year, and no purchases or sales will be allowed during periods of heightened financial market stress. As far as what i think of this, i'm all for it now, even though them buying stocks prior to a vote didn't violate any rules at the time it did look suspicious and when you're in the public eye. Perception is important, and you have to be especially careful with everything you do, even though their worst case scenario right now seems to be selling stocks at all-time highs and then retiring early. I do think it's a step in the right direction and by removing their ability to purchase and sell individual stocks, they might better ensure that our entire economy does well without picking any favorites.

And lastly, since my tech portfolio looks like the red sea today, that's primarily driven by a new tracking feature on apple that does not track you see as of right now, apple controls, a significant portion of the market in terms of your data that companies used to Benefit from see previously, if you were to download an app or go through one of their affiliates, that data would be visible for advertisers to see it allowed them to monitor their campaigns, use your information for retargeting and otherwise follow you everywhere. Until eventually, you bought their product with the new update users must voluntarily opt in to allow their data to be tracked, with a single switch 96 of users chose to opt out. The result is that advertisers have to spend a lot more money to reach the same person. They can't just effectively target the right demographic and now those stocks are plunging, with the expectation that they're not going to make as much money as a result.

Now it's really important to mention that this change doesn't just impact big businesses like google, facebook and amazon, but also small mom and pop businesses, who want to track who visits their website so that they might be able to retarget them in the future. With other offers, and since advertisers have to spend more money now to reach the same person, the result is that they are spending less because it's too expensive. Now facebook responded by saying apple's policy is benefiting their bottom line at the expense of businesses who rely on personalized ads to reach customers and grow their operations. I am a lizard person, even though apple says that this policy applies to everybody, including themselves, but that didn't stop the market from selling off and the expectation that data is invisible.

As far as my thoughts on this i'm kind of split right down the middle, because on the one hand, you should have a right to consumer privacy, but there's also an economy that relies on tracking data from one platform to another. In what i believe to be pretty harmless, and when you can't properly track data, you have no idea how effective your message is. Even facebook says that they're under counting how often campaigns are driving conversions by approximately 15, but i can't help but feel that, if apple clamps down, then advertising will ultimately find the new strategy that will work. Personally, i don't care if advertisers have access to my data because most of the time, it's just me getting retargeted with things that i've just purchased.

But i also wouldn't be surprised if apple had a very good reason for this in the future, and hopefully that involves smashing the like button for the youtube algorithm. So with that said, you guys thank you so much for watching. I really appreciate it as always make sure to subscribe and hit the notification bell feel free. To add me on instagram and on my second channel.

The gram stefan show i post there every single day - i'm not posting here. So if you want to see a brand new video for me every single day, make sure to add yourself to that and, lastly feel free to sign up for my daily newsletter called the hungry bowl down below in the description, let me know what you think of It thank you guys so much for watching and until next time.