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Tom Lee just said we're going to zero. Yes, that's Tom Lee, that guy. The question is, are we really going to zero and what exactly, according to him, is going to zero? Greetings, beautiful people, shalom , money masters. The crypto market froze in anticipation of the big events that were about to happen.
President Trump is giving mixed signals. Yes, ceasefire , no, not a ceasefire, forward, backward. I'll also talk about that, and also about the Treasury—yay-yay -yay, it's investing or buying back a huge amount of bonds today. What does this mean and what is the huge amount the US government spends on interest each year?
You can try to guess. This is a big number. It has a lot of zeros. Let us know in the comments. Just don't , don't, don't peek yet. I want you to guess right now. How much do you think the U.S. government pays out each year in interest rates, okay? Think about what you pay, you know, for your mortgage and all that.
And then think about what the US government spends. OK? They drove. Please read the disclaimer . So, now the crypto market has grown a bit . XRP rose 1%, price $1.36. Bitcoin at 77.5 thousand. Ethereum is a little below 2400. We have Sol, which was falling below $100, now back up to 141. HBAR is also up almost 2% on the day, while XLM added 0.68%.
XLM is still, you know, after that jump that we had, still moving in a similar way to XRP. A lot of times XLM and XRP for some reason, I think because they start with the letter X. That's not the real reason, but sometimes there are silly things like that. They trade similarly, or algorithms trade them similarly.
Similar, similar. A difficult word to pronounce. English is my second language, so I can be forgiven, right? If I'm wrong about some words. So it will be very interesting to see what happens today after a few days when the crypto market was quiet, and the week in general was not very active. I just decided to open a position on Arbitrum after, you know, a pretty good rise.
Maybe not the best entry point right now, but the reasons are that the Robinhood network is just going crazy and people are starting to realize that the Robinhood network exists, and big influencers, people who are famous in the crypto world. So, I decided to open a position. I updated the Money Maker Academy Discord about what position I was opening and explained why.
So if you are interested, you can join us at Money Maker Academy. She is already working. The course has been launched . We already have 40 lessons and I will be adding more every week. We'll have live broadcasts and all that . So join us at Money Maker Academy. The link is in the description below.
If you want to join my deals, okay? I make deals on BTCC. I opened a very good position there, but with low leverage, because I consider it a long-term position on ARB due to the potential of the Robinhood network. So, I opened a position with 10x leverage, that's not too much. We still have about $60,000 in profit on BTCC positions.
And if you're interested in joining me there, we have a $1,000 airdrop for new users who sign up. Many of you have already taken advantage of this $1,000 airdrop. You can also get a 10% deposit bonus if you deposit over 500 USDT. Don't think it's a small thing, okay? After all, if you deposit $10,000, you will receive a $1,000 bonus.
So take advantage of this bonus, and the total amount of bonuses can reach, it seems, $30,000. So check out BTCC today. This is my main exchange, in fact the only one I work with now. So if you're interested, the link is in the description below. In recent days, there has been a lot of conflicting information regarding President Trump, the situation with Iran, oil, and profitability.
Now Trump says the US now controls the Strait of Hormuz. Many ships will be loaded with oil. So far they have done very little to stop it. We are going to maintain this state of affairs. The price of oil has not yet fallen . If you look at oil and its prices, they haven't gone down yet. Still just below 90.
You can't see. A little bit below 90. 89, 91. But it's still higher than what we saw a few weeks ago when everything was good, there was a truce, and the price was 66. Of course, this can affect inflation. This could affect CPI and PCE figures. And of course, that will affect what the Fed potentially does.
Um, so that's something we need to take into account. As for other headlines, he may be considering declaring an end to the war. But there are conflicting reports from Reuters that this was said to some aides, but we don't know if that's true. By the way, everything that comes from Reuters should be treated with skepticism.
So we'll see if the war in Iran continues or not. And, of course , this will also affect the cryptocurrency market . I saw a headline that the US Treasury Department plans to buy back $ 12.5 billion in debt on September 3, which is today. And we have already received news that the Fed is going to double the volume of its buybacks.
Sorry, Ministry of Finance. And of course, some say that's why the cryptocurrency market jumped a few weeks ago. Or what was the date it happened? Well, the 20th, right? August 20. That was the reason. I still think it's because Trump was on stage with all the crypto figures, the algorithms started buying, pushed out the shorts , and we saw a big short squeeze rally, but now we're seeing the hype die down a bit and we're now waiting for the Clarity Act, but what's crazy is that the US government is now spending over $1 trillion a year, right?
This is the answer to the question I asked at the beginning, regarding interest. And tomorrow he starts redeeming his own debt. Yes? So, he's going to buy back 12 and a half billion in bonds. And, of course, if they have less debt because they are buying it out, then they pay less interest. It's a little confusing.
Where does the money to pay off the debt come from? I don't know. That sounds like a word that starts with "P," right? Ends with "I". I don't know what's going on with this. I'm not sure exactly how this works. Yes, they have debt, but now they are buying out 12 and a half billion of that debt. But what kind of money do they use, huh?
So let's see what comes of this. And when we look at that, and what's happening with the US and the huge debt, it's important to understand that the US government and any government in the world is not acting in your best interest, right? What is happening? The government, they only care about keeping the government running and them keeping their jobs.
They care a little about people, but not really that much, right? If they cared about people, there wouldn't be any taxes and there wouldn't be , well, you know? You would just get everything you need and not have to give anything in return, right? So, this is our job, right? Mine and yours, to secure our future.
Now, one way the US government actually gives you a tool. If you are in the United States of America, it provides you with a powerful tool. And it's called an IRA account. So, if you don't know what an IRA is, it's an account that you hold until retirement that provides huge tax benefits, where you can now buy cryptocurrency into an IRA using our partner iTrustCapital.
So, it's only if you are in the United States of America that you can buy stocks, gold, silver, and crypto. So, if you're thinking long term , right? If you are thinking long-term about your retirement and live in the US, it is an obvious choice to hold your assets in an IRA account, as this saves you huge amounts of money in taxes.
You have the option to pay a lot of taxes or not pay a lot of taxes. You would choose the second option, right? Here is an example. If you have a Roth IRA account that is part of an IRA, there is another option to open a Roth IRA account where you invest money, a maximum of $6,000 per year, and that is pre- tax money.
So, in that case, when you use a Roth IRA, you pay zero taxes on any capital gains, okay? Because it's pre- tax money. And in this example, $50,000 in profit would result in $7,500 in capital gains tax, and in a Roth IRA it would be zero. Think about it, if you invest for 20, 30, 40 years, it's not 50,000, it could be 5 million, 10 million, and then it's already a huge amount.
So, if you already have an IRA account, you can roll it over, and we have a contact person in the description of the comments section to help you with any questions, and you will receive a $100 bonus for funding the account . So if you're interested, the link is in the description below. Again, this is our partner, so I get a commission, it's a win-win situation for both of us .
So, we just talked about the potential rise in oil prices and what the CPI figures will be? What will inflation be? We are also looking forward to the labor market reports coming out this week— today, tomorrow, and it will be extremely important to see what happens and how the Fed responds in 2 weeks.
So I continue to remind you that in 2 weeks we also have a vote on the transparency law, as well as the Fed meeting in September. True? And now the possibility of raising rates exists, but Tom Lee comes forward and says: "No, I don't think so. I think differently." Let's listen to what he has to say.
Well, I know people are entering September with caution because markets are down, oil is up, yields are up, and everyone is talking about seasonality. I'm going to go against the majority , because I think everything points to September actually being a strong month for the stock market. I think, first of all, inflation concerns will probably subside this month.
We will get the employment report on Friday. Next week is the August CPI, and then, of course, the FOMC rate decision in September. I think the sequence of these events will show that inflation is weakening, and the chances of a September hike may actually drop to zero. So, very interesting thoughts from Tom.
Of course, he remembered everything I had said to him. But he believes the probability will drop to zero. In this scenario, he says, " Hey, interest rates are going to stay the same." Is this good for cryptocurrencies? Yes, of course, if interest rates rise, it's bad for cryptocurrencies. Money is becoming more expensive.
People are taking out fewer loans, spending less, and, of course, yields are already high—4.8%, as we saw yesterday. So why should people invest in high-risk assets? It is better to invest in 10-year bonds and get 4.8%. Why go to the stock market? Why go into crypto if this is happening and the rates are rising?
So September is historically not the best month for stocks and crypto because people, you know, have been in the sun too long. And it usually happens that October, November, December—the last quarter of the year— is usually a strong period. Historically, September is not the best time. So, this is going to be a very interesting month, as the cryptocurrency market had a nice jump at the end of August, entering September with huge events that could impact the crypto market.
It will be very interesting to see. Will we see momentum, or will we see what many predicted: one last sell-off in September, followed by a big rally at the end of the year after the midterm elections in November? I will be prepared for all such scenarios. I'll talk a little more about this in the Money Maker Academy Discord channel.
So, again , if you've already signed up for the pre-launch, there's an email waiting for you with a discount for everyone who signed up for the pre-launch. So look for it. It may be in the " Promotions" tab. Don't miss this, and if you have n't signed up for the pre-launch yet, you can still join us at Money Maker Academy.
The link is in the description below. Also be sure to check out BTCC and I Trust Capital. Thank you for watching. Hope to see you next time, and as I always say, let's make a lot of money.
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