Welcome back to the channel everyone today, i want to talk about the ceo of stocktwits and his thoughts on amc and gamestop and how the retail interest is still there in the meme stock frenzy and how amc will run in the new year. I also want to talk about the gamestop nft marketplace and how it will be even bigger than openc and will cause the gamestop squeeze so stay tuned and let's make some money, and now i want to dive straight in with the key information. So, let's start by hearing what the ceo of stocktwits had to say about gamestop and amc. Well, meme stock mania exploding this year, along with crypto with the reddit army, rocketing, amc and gamestock into the headlines, and the meme pioneers uh, absolutely snowballed with amc gaining ready for this 1200 and game stop spiking more than 600 percent.

So far this year enter stock. Twits, a social media platform for investors and traders. It was fueled by the storm and saw its network grow by 50 percent to 6 million users. This year alone we have a fox business exclusive stock.

Twit ceo rishi khanna joins us now, congratulations, rishi, lauren and thanks for having me on absolutely so what does 2022 look like when it when we're talking about the game? Uh, the the uh, the the popular meme stocks, like amc and gamestock, i mean they can't really rise anymore, or can they uh? You know, i can't tell you if they can rise anymore. I think the interest will absolutely remain in the engagement uh. You know kind of with the individual investing and trading community amc. I've been, you know, kind of really impressed all year that it's it's really had legs, and you know you could argue that the individual investor, you know saved amc in a lot of ways.

So i think the interest and engagement will be there. I think you know the other areas of individual interest like spax, you know could be interesting, given how many spats are coming up and expiring uh. You know kind of starting in q4 of next year, which means they got to start doing deals in q1 q2 if they don't want to lose their sponsor dollars. Now, there's a few really really interesting points in that interview that i wanted to pick up on.

Firstly, i just wanted to touch on the interviewer calling gamestop game stock, which i think kind of undermines the company and the movement a little bit. But i guess you can't really blame her because she probably doesn't have any clue what she's talking about now. The ceo of stock twits also said the retail interest will stay in meme stocks, more specifically amc and gamestop, and that's really really good, because it means we're going to continue to apply pressure to the hedges and to the institutions throughout the course of next year. As well at the end of the day, it doesn't cost us anything to hold our shares, but it does cost the money to hold their shorts and to reset those failed, delivers and everything else along the way.

Therefore, we can continue holding, but they can't continue holding their shorts and therefore, the more interest that we can drum up in amc and gamestop means the more pressure that will be applied to those hedges and ultimately, they will have to cover now. Obviously the ceo of stock twitch said he can't talk specifically about the price of amc in gamestop and what's likely to happen next year, which i think is kind of obvious, because obviously i'm guessing he's not qualified to give financial advice and obviously setting a specific amc. In gamestop price target is in some way giving financial advice, which he obviously can't do if he said that amc was going to run to xxx per share. He would obviously get sued by some of the big hedges or tracked down by the fcc for giving unqualified financial advice.

On top of this, because he's such a high ranking member of stock twits and probably has a lot of connections. Maybe he also has some insider knowledge, such as the true short position on amc and, obviously, if he gave that away or said that amc will squeeze well he's, probably gon na get tracked down by those big hedgies and those big institutions. But overall, i think this is brilliant news for the ceo of stock twitch to say that retail interest in amc and gamestop will absolutely be staying for 2022.. Also guys, if you didn't already know you can currently get up to 250 in free bitcoin, when you sign up for blockfi, using the link in the description below and make your first deposit with blockfi.

Not only can you just buy some bitcoin and leave it in your wallet, but you can also earn interest on your deposits to accumulate more and more and more bitcoin. That way, not only can you benefit from the rise in price of bitcoin and other cryptocurrencies, but you can also accumulate more and more so that you have more bitcoins block folks will offer a rewards credit card with an introductory rate of 3.5 cashback on your purchases. Also paid in crypto, so you can accumulate more and more and on top of that, when you've generated a massive profit on your investment. Instead of having to sell off your bitcoin and recognize all of those gains for tax purposes and potentially miss out on the next run-up, you can take out a crypto backed loan with blockfi, meaning they'll, give you cash and you still get to keep your bitcoin and Other cryptos - and i also want to talk about the worst performing hedge fund of 2021, which per bloomberg, is melvin capital suffering a 41 loss of their fund.

Now the really interesting part is this paragraph from a yahoo finance article. It says gay plotkins, melvin, capital management was one fund that got caught flat-footed, stunned by wrong-way short bets on companies, including amc and gamestop, which skyrocketed during the late january meme stock frenzy, his 11.5 billion dollar firm rebounded 28.5 from its january lows, though, is still down About 42 for the year through november, that means at one point: melvin capital was down around 70 percent of its fun because obviously 28.5 plus 42 percent is 70.5. Now 70 of 11.5 billion dollars is around 8 billion. Obviously, melvin capital took around a 2 billion dollar loan from citadel, and that means at their worst, their entire fund had shrunk to only one billion dollars in cash at the height of that january run-up and therefore, at one point, melvin capital must have literally been hours Away from going bankrupt, if they didn't get that two billion dollar loan from citadel - and i mean they're - not really out of the woods yet by any means being down 42 of the year.

So their fund has basically halved over the course of the year. And now, especially as the retail interest in amc and gamestop is expected to stay strong for next year, it wouldn't surprise me if amc and gamestop run again in 2022 and melvin capital. This time goes bankrupt and is forced to cover their shorts and obviously, when melvin does go bankrupt and is forced to cover their shorts, it will cause amc and gamestop to squeeze because they hold such large short positions and obviously, when amc and gamestop squeeze all other Funds will also be liquidated and bankrupted and will also be forced to cover their amc, short positions and, obviously, when all of those other funds are also liquidated, that's when the squeeze will really truly kick in for amc and gamestop, taking them both to unimaginable highs. Now i also want to talk about and compare gamestop to openc and talk about gamestop's new nft platform and how it will be bigger than open seas.

Where kurt says open c sucks. I still can't believe i paid 200 in gas fees or in ethereum gas fees to mint my nft. He said how is that sustainable on a larger scale and attractive to smaller creators? Answer it's not now. Obviously, gamestop is going to be built.

Around loot brings eco structure, which is a layer, 2 ethereum platform, basically meaning that, instead of 200 for a gas feed to mint an nft, it's more, like, i think, 35 cents to one dollar in gas fees. On top of this, gamestop has 55 million users, whereas openc only has 1.8 million users. Gamestop currently has a valuation of 11.5 or 11.75 billion dollars, whereas open seas is 10 billion dollars plus, so gamestop is over 20 nearly 30 times the size of open c. But yet the valuation is about the same, whereas really gamestop's valuation could potentially be 10 to 30 times its current position again.

That basically means that the gamestop stock price should be 10 to 20 to 30 times higher than it actually is at the moment. This is if gamestop converts even 10 of its power-up members to users, which would be 5.5 million gamestop nft platform users, the gamestop nft business valuation should be 30.5 billion dollars and gamestop should have a share price of 554 dollars, at least now. That's also not including all of the members currently registered on openc, which could transfer over to gamestop, and it's also not including any members of the crypto space that aren't registered on openc but might want to register on gamestop as it's a more friendly, well-known name. And it's potentially going to be even easier to register when gamestop released their nft platform and bring all of those millions of users to their nfc marketplace.

It will obviously cause the valuation of gamestop to go up, as many people will recognize what a great company is and will want to buy into the stock for their transition into their nft and cryptocurrency space. Pushing up that valuation will obviously push up that share price which will cause the shorts to suffer even more on their short plays, and they could end up getting liquidated and obviously forced to cover their shorts. I do think the gamestop nft marketplace is a brilliant catalyst for gamestop and obviously, if gamestop squeezes. First, amc is likely to follow after because, obviously, if gamestop squeezes, when those institutions get liquidated and forced to cover their gamestop, shorts, they'll also be forced to cover their amc shorts, which will obviously cause the amc squeeze as well.

Now gamestop are absolutely going head-on. With this nft platform and they've made some massive massive new hires gmedd.com has posted, saying: gamestop has amassed over 350 hires from tech giants such as amazon, microsoft and more. He says, since ryan cohen was placed on the board. The company has operated in silence while building the foundation to be a digital first technology pioneer, it says, read more in our november report with a hundred less hires just six weeks ago.

So, in six weeks, they've hired 100 new employees showcasing how the transformation is gaining momentum. You can see from the article this massive list of employees that have been approached from many other companies like chewie, amazon, zolly, arteza and many other companies as well, and their linkedin profiles showing the change to gamestop and when it happened. This is a massive list of employees and just shows that gamestop is serious about building out its technology team and finally, as it's coming up to tax season, i just wanted to remind you to be sure to declare all of your income for tax purposes from the Irs website be sure to declare all of your income from illegal activities. You know if you've got income from illegal activities such as money from dealing illegal drugs and that income must be included in your income on schedule, one for 1040 line a and also, if you've got any income from stolen property.

Because if you steal property, you must report its fair market value in your income in the year. You steal it unless it's the same year and you return it to its rightful owner. That's absolutely ridiculous that the irs disclose this on its website to make sure you declare all of your illegal income from selling drugs and from stealing property. I guess this is maybe to catch out the people that maybe aren't quite as smart and are likely to write down that they actually deal drugs on their tax forms.

Guys be sure to. Let me know down in the comments below what you think about the stock twix, ceo's thoughts on amc and gamestop and, as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and lean that notification bell, because that way, you'll be alerted when i upload a new video cheers.