Transcription
Hello friends, I hope you are doing well, that you are in shape, that you are full of energy. Very happy to see you again for this breaking news video this Saturday, September 6, 2025, with a somewhat mixed crypto market, unfortunately. It's a shame because yesterday Bitcoin and altcoins had pushed well, but as soon as the American employment figures were published, bam, it was a descent. Whether on the crypto markets or on the stock markets, it's not good at all. The employment figures came out so bad that we priced it in. In any case, interest rate traders are now pricing in one more rate cut for the end of the year. One for September 17th, one for October 29th, another for December 10th. And if the employment data for October, which will be released in September, are also bad, we could even have four rate cuts. The problem is why are the markets in the red when there are plenty of rate cuts to come? Well, because the American market, in any case, growth is becoming very, very, very ugly. And when growth is very ugly, it means that future company balance sheets are likely to be very ugly because if more people are working, there is more money to spend, and therefore more money coming into companies, and the balance sheets will be catastrophic. And so, you understand well why the markets are unfortunately turning a little bit red. Let's look at all of that. I invite you to give a little thumbs up and then type "ses fet sous net" and I invite you to hit the subscribe button to the channel "à Foufi" and I want everyone to subscribe to the channel "Foui". Let's go. Friends, first news this morning. Yes, it was ugly, it was violent too because Bitcoin has gained almost 5% this week. It went from 1092454250 to 11384, and unfortunately, after the American employment data, bam, it was a descent for everyone. Why? Because the market had predicted about 75,000 job creations for August, because here in September, for the August data, okay? And so unfortunately, only about 22,000 jobs were created, so nothing, absolutely nothing. So this is not good at all. Growth is slowing down, unemployment is rising, employment is completely crashing. We see that it's no longer just a weakness in employment data. It's a catastrophe in the US job market. And so, well, the US Federal Reserve, the central bank, says, "Yeah, yeah, it's okay, we'll cut rates." Trump is still insulting Powell in public on social media, calling him "Poel too late." He says, "Powell, it's Powell too late." Well, now it's too late. And after Trump's publication, which I shared on social media, the market made another red candle. Yes, when the president of the republic says, "Well, now it's too late to cut rates," it means the economy is doing so badly that, well, it's basically time to put out the fire. There's a fire, the American economy, and rate cuts. Let's hope it puts out the fire. However, it will take some time to put out the fire. As I told you yesterday, there are two types of rate cuts. A rate cut when your economy is not on fire. It's when inflation is heading towards 2%. Okay, you can have a weakness in the labor market, you cut rates again to gently restart everything, and then you have the labor market crashing, inflation is very high, and then you have no choice, you cut rates when everything is on fire. Well, and so that's what we have now, and that's why the markets are also correcting. Can they continue to correct next week? We'll see the opening of Wall Street on Monday, but you can tell it's not pretty. And since people don't have many jobs anymore and they can't find jobs and they spend less, well, the big companies, the big ones, it's not going to be pretty. There will be fewer iPhones and fewer Google phones bought too. This is likely to be reflected in the balance sheets, and all investors who check balance sheets every quarter to know what to buy and sell, well, if the next balance sheets are ugly, the stocks are likely to be ugly too. You understand? So cryptos are rising because they are heavily correlated to the Nasdaq, to tech stocks, cryptos unfortunately. Well, we also noticed extremely significant stablecoin flows in recent days. About 2 billion in liquidity. That is to say, traders are putting money from stablecoins aside. So there's good news. That is to say, since they are putting money aside, well, they are ready to buy. However, a catalyst is needed. Uh, the other thing, there's a small problem that's less pleasant, it's the open interest. For Bitcoin, which has exceeded 80 billion dollars, close to the all-time record. What is open interest? It's the number of open positions, meaning it creates volatility, it creates volatility upwards and downwards. Positions, well, it can be a lot of longs for those who think the market has found its bottom and is going to the moon, or short positions which can also cause short squeezes, and that's better because it's a rise. So for now, we feel that the market will still zigzag a bit. So we are waiting for a big catalyst too. Could it be the rate cut? Will the central bank's rate cut on September 19th be the catalyst too? Well, everyone will buy. It will go to the moon. Perhaps because there's also the "sell the news" effect because markets have been pricing in rate cuts for a long time. So when the rate cut happens, you might also have a little "sell the news." Well, in any case, as I showed you in the analysis video this morning, we'll talk about it again tonight, well, Bitcoin at some point will find a nice bottom and it will start again as usual. You just have to be patient. Second very interesting news, Tether, who understood everything, in my opinion. You'll tell me what you think. Tether, the issuer of USDT stablecoin, the largest stablecoin issuer in the world. Well, they are currently engaging in focus groups with mining groups to put even more capital from USDT into supply chains. They want to expose themselves more to gold, they want to diversify their portfolio, and it's normal to know that Tether already has some capital in gold but especially in Treasury bonds, and now they want to put more money into the entire gold deployment chain, meaning extraction, refining, trading. They will go into it a bit more. So, they currently have $8.7 billion in physical gold that Tether has bought, which is stored in Switzerland, and they want to add a little more. Why do they have gold? Because they have a stablecoin backed by gold called Tether Gold, XAUT. So it's a stablecoin that follows the price of gold. So you can get exposure to gold by buying, for example, Tether's stablecoin if you want. That's the idea. Otherwise, you buy gold stocks, you do what you want. Well, and so the market capitalization for Tether Gold is currently $1.4 billion. So it's very small. Well, and so they want to expand their portfolio a bit more, diversify it more. Why? Because in essence, Tether is $62 billion. They are doing well. And especially since they earn about 5 billion each quarter, you see. So they are doing very, very well. That's why everyone wants their stablecoin because they've understood that stablecoins make a lot of money. And out of the 160 billion, about 130 billion are held in short-term deposits, which are US Treasuries. So Treasury bonds are safe. They are safe. The US market, the US government will not go bankrupt. However, Treasury bonds can lose a lot in value. You see, be careful, we've already had problems with Treasury bond crashes, and that would be ugly. They are right to diversify. So they are thinking, well, we have a lot of Treasuries, maybe we'll go a bit more into gold companies along the entire supply chain. They are right, it's a good combo. You see Tether is increasingly interested in raw materials. In 2024, they also launched purchases of oil, and yesterday, Friday, they also increased their stake in a Canadian royalty company. So they want to move more and more towards gold. Is it crazy? No. Gold and Bitcoin make a good little duo. In essence, when Bitcoin is in a bear market, gold appreciates, and vice versa. In fact, it helps to smooth out Bitcoin's volatility to have gold. You have gold here in orange. Usually, it's Bitcoin. Here, it's gold and Bitcoin is in white. Now, it's certain that when Bitcoin explodes, it makes bigger gains than gold. However, when Bitcoin is not doing well, gold goes up. So you see, they cross, they fluctuate. So it helps to smooth out Bitcoin's volatility, to have gold. It's a very good combo, gold and Bitcoin. The problem is that gold, for example, you can't find it on a PEA. You have to look towards the Americans, you have to do a little CO. Well, it's less pleasant. However, there's Tether's stablecoin, which allows you to get exposure. And the last rather interesting news that makes us happy is the venture capital company called Sora Ventures. Well, it's actually an Asian company that announced a Bitcoin treasury fund of one billion dollars. Ah, that's good news. Well, it was yesterday during Blockchain Week. The founder of Sora Ventures is called Jaz F, who says, "We will be the very first Bitcoin treasury fund in Asia." Ah! Ah, but that's good news. Why is it good news? Because we know very well that Bitcoin treasury companies are mostly American, like MicroStrategy. They all took inspiration from MicroStrategy. MicroStrategy was the first, it was heavily criticized by everyone, by the media, by other companies, and after a while, it happened. Boom, companies did exactly like MicroStrategy. There are about 130, 160 Bitcoin treasury companies. However, on the Asian side, there's almost nothing, and it's good to see that. And so, will Sora Ventures be the very first here to set an example for other companies? It's still possible because often one is needed to show how to do it, to set an example so that others can see it, and then other companies can ask them for advice to do the same. So that's very good. It's true that there's a lack of Asian companies that could do Bitcoin treasuries, and this is the first. Let's hope it's the first of a long line of companies buying Bitcoin to put in their reserves. Friends, for the little news this morning. We'll meet again this evening, in the late afternoon, for the analysis video. Give kisses, have a good day. See you tonight. Bye bye.