Latest / CRYPTO 101 / BREAKING NEWS: Bitcoin & Stocks CRASH After Election Shock — What Happens Next?

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BREAKING NEWS: Bitcoin & Stocks CRASH After Election Shock — What Happens Next? · CRYPTO 101

0:09
[SPEAKER_02]: All right everybody welcome back to the crypto rundown.
0:13
[SPEAKER_02]: It is our election results show and grab that surfboard Brian because it is a blue wave a complete democratic sweep and I will say this not
0:25
[SPEAKER_02]: Super surprising in the sense that the betting markets got it right.
0:29
[SPEAKER_02]: Would you have to give credit to the cow shoes, the polymarkets, these betting markets were spot on once again to be used as a tool to get information for events before they actually happen.
0:39
[SPEAKER_02]: But I will say this.
0:40
[SPEAKER_02]: How blue it is.
0:42
[SPEAKER_02]: The dominant election results, I'll pull up a show here, like 54 senators, Democrat, 251 representatives for the house and 28 governors.
0:52
[SPEAKER_02]: It is a full
0:53
[SPEAKER_02]: Blue sweep and the most surprising thing wasn't that it was a blue sweep.
0:58
[SPEAKER_02]: It was it was there were some specific Democratic wins that really spun heads.
1:03
[SPEAKER_02]: It was Texas Specifically for the governor and then also Kansas so Kansas I believe having a Democratic senator possibly for the first time since 1933.
1:16
[SPEAKER_02]: I'm gonna fact check that when I sent handed off to you.
1:19
[SPEAKER_02]: I can't remember if it was the governor or the senator
1:22
[SPEAKER_02]: It was like the first time since the 1930s that that happened.
1:25
[SPEAKER_02]: And so we stand here at crypto 101, not to necessarily talk politics.
1:31
[SPEAKER_02]: We want to talk crypto.
1:32
[SPEAKER_02]: We want to talk markets with you guys.
1:34
[SPEAKER_02]: But there's been just a crazy volatile.
1:37
[SPEAKER_02]: 48 hours at first the day after the evening of the election stuff was going down things were selling off and then the next day after the election there was a pretty big rally you know there across the board the S&P of the Nasdaq Bitcoin crypto everything was rallying and people were like okay well
1:55
[SPEAKER_02]: The markets like gridlock gridlock allows the markets to know the rules of the road and then you kind of wake up on Thursday November fifth and you watch the tape and it is just an absolute bloodbath as you can see on the screen Bitcoin down 5% Ethereum down 7% on the day.
2:13
[SPEAKER_02]: And that's nothing if you go into the NASDAQ and you start pulling the sand disk to the world, the Western digitals.
2:19
[SPEAKER_02]: We're talking stocks that are down 15 to 20 plus percent.
2:23
[SPEAKER_02]: I believe the NASDAQ is looking to end the day on Thursday around 5% down may be more.
2:30
[SPEAKER_02]: It's not quite the end of the session yet.
2:32
[SPEAKER_02]: But Brian what I want to give it hand it off to you so with that said this show is going to be an overview So we're going to look at what's going on in the markets.
2:41
[SPEAKER_02]: We're going to peek at the fear and greed index And then we're going to try and break down what we're seeing specifically in the cryptosphere with this new reality that we have Where it's a democratic Senate and a democratic Congress with a Republican White House Trump's those two years Traditionally what that means is gridlock
2:59
[SPEAKER_02]: Sure, you can pass bills in the house in the Senate and they're going to get to the President's desk.
3:03
[SPEAKER_02]: He will veto them.
3:05
[SPEAKER_02]: It then goes back And you need a two thirds majority which that they don't quite have so it looks like there's going to be nothing Jurassic that's going to be passing the next two years, but it does open up a lot of scrutiny possibly a lot of hearings and the Democratic voice
3:21
[SPEAKER_02]: will be heard over the next two years.
3:23
[SPEAKER_02]: And so we've collected some information.
3:25
[SPEAKER_02]: Again, this is hot takes coming right off the press 24 hours after the election cycle here or with results.
3:31
[SPEAKER_02]: But we're going to show you both side of the story.
3:33
[SPEAKER_02]: Maybe there's some people thinking a little negative.
3:35
[SPEAKER_02]: We thought Trump was the crypto president.
3:38
[SPEAKER_02]: But we're getting some information that is really quite positive and quite interesting, at least that we want to digest and
3:50
[SPEAKER_02]: uh... your view today uh... in the markets with this volatility whiplash from green to red
3:56
[SPEAKER_01]: Yeah, hey, happy to be here on the show and not going to lie.
4:00
[SPEAKER_01]: I was pretty optimistic yesterday.
4:02
[SPEAKER_01]: You know, I was, I went on record with in our community, kind of like was loving that rebound.
4:08
[SPEAKER_01]: I felt like the midterms were over some uncertainty just around the midterm.
4:13
[SPEAKER_01]: Regardless, if it was going to be Democrats or Republicans taking over the house in the Senate, that just we were getting some clarity and it did seem like the market or specifically the crypto market, what I really zoom in on.
4:25
[SPEAKER_01]: Was it positive among that now was I was drinking the cool aid.
4:30
[SPEAKER_01]: I was there.
4:31
[SPEAKER_01]: I was at the stand Absolutely loving life, but now we have the Democrats have officially taken control of the house in the Senate And that's a major shift than what we've been accustomed to under the Trump administration We had an administration that was really largely in brace crypto push for regular authority clarity And tried to establish United States as a global leader in digital assets
4:54
[SPEAKER_01]: Now the question becomes what happens to all that momentum and we did notice that that momentum was kind of like telling off there with the whole clarity act.
5:05
[SPEAKER_01]: So now does the clarity act get another chance?
5:07
[SPEAKER_01]: Do we see more aggressive regulation?
5:11
[SPEAKER_01]: What does a divided government even mean for the industry?
5:15
[SPEAKER_01]: So there's a lot of now more uncertainty here.
5:18
[SPEAKER_01]: So yesterday, I was feeling pretty optimistic.
5:21
[SPEAKER_01]: I was like, OK, it seems like the crypto market was digesting just clarity of the midterms of who's going to hold the house and the Senate control.
5:31
[SPEAKER_01]: Now it seems like today we've taken a step back and looking at CoinMarket, it's gross.
5:37
[SPEAKER_01]: The board's kind of gross right now.
5:38
[SPEAKER_01]: We see a lot of right out there.
5:39
[SPEAKER_01]: I mean, I'm looking at hyperliquid right now.
5:41
[SPEAKER_01]: One of my favorite tokens out there
5:45
[SPEAKER_01]: bullish news around the New York Stock Exchange, and I could talk to him blue in the face about perks and tokenized stocks, and it's it's 78 bucks.
5:53
[SPEAKER_01]: It's down 16% on the week.
5:56
[SPEAKER_01]: I'm kind of surprised.
5:58
[SPEAKER_01]: how we've taken a step back, I didn't see this coming.
6:02
[SPEAKER_01]: I'll be the first one.
6:03
[SPEAKER_01]: Like I thought we would see a day like today, yesterday.
6:07
[SPEAKER_01]: So having kind of like a green day yesterday, it felt like we had a nice little bounce, kind of surprised that we woke up and we're seeing a lot more red today.
6:16
[SPEAKER_01]: Well, what's your take on kind of how this is all kind of broken out recently?
6:20
[SPEAKER_02]: Thanks for the lab since we did a little pre-show screening me and you have just like man.
6:24
[SPEAKER_02]: What are you really thinking here?
6:26
[SPEAKER_02]: And long-term, long-term.
6:30
[SPEAKER_02]: I truly still bullish on crypto, no doubt.
6:33
[SPEAKER_02]: Still bullish on AI, still bullish on tech.
6:36
[SPEAKER_02]: But I think...
6:38
[SPEAKER_02]: Um, I think the markets were even ready for the, uh, it to be a blue wave for the Democrat, um, sorry, democratic, you know, Senate and, and house, but there was, there was just a couple, uh, races that flipped, uh, blue.
6:53
[SPEAKER_02]: And just a fact check myself.
6:55
[SPEAKER_02]: Uh, first Kansas Senator since 1932, I was one year off.
7:00
[SPEAKER_02]: 94 years there hasn't been a blue senator in the state of Kansas and we have that now so stuff like that And then specifically the Texas the Texas governor is huge because I'm going on a macro level here I think what this mandate has done in these specific few races is it's a giant speed bump that the markets did not see And so the markets like certainty they were okay, okay gridlocks come in that's fine
7:26
[SPEAKER_02]: Um, but, you know, if Texas is still red, we can still get some legislation passed in the states in the individual states to continue this AI out and I truly think that our economy has a whole, um, and again, this is just my opinion.
7:40
[SPEAKER_02]: That's why we love crypto 101.
7:42
[SPEAKER_02]: We have so many and we're going to be bringing in everybody, Brendan, Hunter, Bryce Joe, Brian, everybody's going to be their opinion.
7:48
[SPEAKER_02]: Mine is.
7:49
[SPEAKER_02]: that the market no longer has a view into the next year, two years of the economy, because they don't know what's going to happen with this AI build out.
8:00
[SPEAKER_02]: I believe that a lot of the economy right now is tied to the AI build out.
8:05
[SPEAKER_02]: There's a lot of CapEx.
8:06
[SPEAKER_02]: You've heard that word if you've been listening to our show or any other show specifically about AI, the CapEx build out the CapEx build out.
8:13
[SPEAKER_02]: And so when you spend all this money on AI, eventually you need to see a return.
8:17
[SPEAKER_02]: And the markets have been fine the last two years have been like, okay, you need to invest, build, and invest build.
8:22
[SPEAKER_02]: And now it was time, I believe, this year next year, the next two years, there's going to be a huge winners and losers.
8:28
[SPEAKER_02]: Because we remember,
8:30
[SPEAKER_02]: a year ago, if you went on your earnings call and you said, hey, we're leveraging AI to do this, we're building AI to do that.
8:37
[SPEAKER_02]: You're stocking up 20%.
8:39
[SPEAKER_02]: Now this year, you need to start showing results.
8:41
[SPEAKER_02]: And so I think as a whole, the economy was going to hopefully start showing results from a lot of this AI build out.
8:50
[SPEAKER_02]: And now it seems that the build out could be
8:57
[SPEAKER_02]: In theory, we don't know, it's only one day, but in theory, there's going to be a lot of scrutiny around these data center buildouts, and a lot of these stock prices, the reason why the NASDAQ is falling off a cliff right now is because it was built on the AI buildout.
9:10
[SPEAKER_02]: Well, we have a compute shortage.
9:12
[SPEAKER_02]: We have a chips shortage, thus the chips stocks go up, thus the picks and shovels, the data stocks are going up.
9:18
[SPEAKER_02]: Well, if we don't, if we can't build more data centers to give more compute, then we don't need more chips and so we're unraveling that at least, again, this is on like a 24 30 48 hour scale, you got to zoom out on some of these charts right same with with Bitcoin, you zoom out.
9:36
[SPEAKER_02]: But this is what's going on right now.
9:38
[SPEAKER_02]: If you're somebody that listens to the show every day You know, this is what we do.
9:41
[SPEAKER_02]: We kind of break down what's going on So if you're in the trenches right now That's the why it's because the market's saying hey, are we unwinding this whole Shortage this whole compute chip shortage And that and why are we doing that?
9:54
[SPEAKER_02]: It's because the democratic party is going to have a lot of questions They don't want to necessarily build data centers.
9:59
[SPEAKER_02]: There's a ton of people pushing back on this AI build out
10:03
[SPEAKER_02]: Um, because they don't want it to take people's jobs.
10:05
[SPEAKER_02]: And, you know, you sit and you watch business television every CEO is tripping over themselves and say, no, this is good for the economy.
10:12
[SPEAKER_02]: This is good for job growth, you know, every industrial revolution that we've ever had has led to more jobs.
10:18
[SPEAKER_02]: This is just another one fair enough, but that's not how a lot of the people every day people think and the polls showed that I think it was a huge part of the ballot.
10:29
[SPEAKER_02]: Um,
10:30
[SPEAKER_02]: especially if there's some of those states like Texas.
10:32
[SPEAKER_02]: So that, that's rhyme, that's rhyme at.
10:35
[SPEAKER_02]: That's again.
10:35
[SPEAKER_02]: I know that wasn't crypto-specific, but I say this because we've, I think I had a tweet.
10:40
[SPEAKER_02]: Let me pull this up.
10:41
[SPEAKER_02]: It was from front of the show, Matt Hogan.
10:43
[SPEAKER_02]: He said, we're getting exactly what we
10:45
[SPEAKER_02]: what we wanted with crypto maturity, it was a crypto maturity tweet, I got to go to repost sorry here.
10:51
[SPEAKER_02]: He was basically saying, the reaction to a lot of these, here we go, credible signs of maturity.
10:57
[SPEAKER_02]: The assets that are directly impacted by the elections, salts are getting hammered, Trump coined the world, Liberty Phi, and AI linked minors.
11:04
[SPEAKER_02]: Well, assets that are not Bitcoin, Ethereum, and Solana.
11:07
[SPEAKER_02]: So he said this yesterday, before today's huge sell-off, we're Bitcoin, Ethereum, Solana, we're actually bouncing, right?
11:13
[SPEAKER_02]: They were green for the day.
11:15
[SPEAKER_02]: But then, yes, Trump was getting, the Trump coin was getting hammered worldwide.
11:18
[SPEAKER_02]: So, you have this maturity of assets that we've been preaching for years now, years.
11:23
[SPEAKER_02]: And so, you have that.
11:24
[SPEAKER_02]: But I think it's almost, it could be in a way, a double-edged sword where, you know, my personal belief is, I don't necessarily think Bitcoin's.
11:32
[SPEAKER_02]: going to rock it to 200k if the economy is showing signs of weakness.
11:37
[SPEAKER_02]: And so now it feels like we're in some type of weird holding pattern where you have to really listen to the politics of what's going on and we stand tight because we're going to go into that next.
11:48
[SPEAKER_02]: We have some leaks of what could be to come and then which we always do on this show.
11:53
[SPEAKER_02]: You got to look at the data of the economy.
11:55
[SPEAKER_02]: Um, we obviously are kind of in a, we raising some interest rates.
11:59
[SPEAKER_02]: We did a hold before the elections.
12:00
[SPEAKER_02]: Everybody's iron up.
12:01
[SPEAKER_02]: Is there going to be another increase in December when the Fed meets next?
12:06
[SPEAKER_02]: And, you know, I don't know.
12:07
[SPEAKER_02]: We got to start looking at the data.
12:09
[SPEAKER_02]: If, if, uh, if inflation is still running hot because of the war, um, yeah, they're probably, they're going to hike.
12:16
[SPEAKER_02]: But, you know, this, this election cycle was truly a referendum of, of, of, of the war.
12:22
[SPEAKER_02]: Um, and people,
12:24
[SPEAKER_02]: You know, kind of or looking around at our country being like, hey, we got interest rates going up, you know, the cost of living's going up.
12:30
[SPEAKER_02]: What are we doing all over the country?
12:32
[SPEAKER_02]: That seems to be at least what the vote has said.
12:34
[SPEAKER_02]: I'm not saying that's my personal opinion.
12:35
[SPEAKER_02]: That's what the vote is telling us.
12:38
[SPEAKER_02]: So it's an interesting time of data collection.
12:41
[SPEAKER_02]: And so if you have any outsized positions and the outsized positions are the one that have run up 100, 200, 300% these AI trades, right?
12:49
[SPEAKER_02]: Then you're going to start trading them off and coming back in.
12:53
[SPEAKER_02]: So that's kind of my take, uh, Brian as a whole.
12:56
[SPEAKER_02]: I know I went on a little bit of a tangent there, but it, but it, it shows like everything's down.
13:00
[SPEAKER_02]: Crypto, just like you said, down with the NASDAQ today.
13:03
[SPEAKER_02]: Crypto fear and greed index.
13:04
[SPEAKER_02]: Let's pull it up here.
13:06
[SPEAKER_02]: We're in fear.
13:07
[SPEAKER_02]: All right, you can hear it in my voice.
13:09
[SPEAKER_02]: I'm a little scared.
13:10
[SPEAKER_02]: We weren't that long ago.
13:12
[SPEAKER_02]: We were.
13:14
[SPEAKER_02]: Wasn't that long ago folks?
13:15
[SPEAKER_02]: Last month, you see it there, 67.
13:18
[SPEAKER_02]: greedy little piggies we were saying it for a month on the show where a month in greed whenever you're up there that high there's something around the corner that's going to get a knock you this is a boxing ring right investing it's 12 rounds it's not it's not a sprint it's not a sprint so you're you're getting a left to get some hammakers here and we got a we have new data that we need to start digesting and doing our research and that's where we are today.
13:44
[SPEAKER_01]: could just get fat hogs get slaughtered isn't that the saying and uh... that that was a great take their tea well i think i all the listeners really appreciate that i know i did we talked about before the show and it gave me some good insight on just on just what's happening over all i mean like you said the nazdex absolutely getting wrecked this is this feels like more than a crypto specific thing this is this is affecting the entire
14:12
[SPEAKER_01]: country, all markets involved right now.
14:16
[SPEAKER_01]: I do want to flip, and I know we have it on our sheet here, because I'm an optimistic person.
14:20
[SPEAKER_01]: You're an optimistic person.
14:22
[SPEAKER_01]: So I'll grasp on any sort of a hope-beom that we could get our hands on.
14:27
[SPEAKER_01]: Big hope-beom, God.
14:29
[SPEAKER_01]: You know, I like to just huff that hope-beom, like the meme, but I'm not blind either.
14:34
[SPEAKER_01]: You know, I definitely
14:41
[SPEAKER_01]: Uh, the conservatives, well, how do we want to say this?
14:45
[SPEAKER_01]: We're definitely pushing a more positive direction with crypto.
14:48
[SPEAKER_01]: But one thing I think we need to talk about is is, and I've said this for a long time is that crypto should not be.
14:56
[SPEAKER_01]: Crypto should be bipartisan.
14:59
[SPEAKER_01]: you know, I think blockchain and crypto should be bipartisan.
15:01
[SPEAKER_01]: I think both, I didn't like how it was getting so political and it was tough not to be political because we've got the Trump family making millions, billions, whatever you want off of like crypto and meme coins and of course there's Democrats on the other side that just despise that individual who were just salty at the entire crypto industry because of some of his actions and I was always like man.
15:24
[SPEAKER_01]: that I hate that something that I believe is such a disruptive technology is just from the nuts and bolts of it, make so much sense, whatever side you're on is getting affected by is so much by like Democrat or Republicans.
15:40
[SPEAKER_01]: So now we do have this change.
15:41
[SPEAKER_01]: We have this change in control with the house and the Senate.
15:45
[SPEAKER_01]: Obviously Trump's still in the White House, but there's going to be some bigger battles to be had.
15:51
[SPEAKER_01]: But I do want to kind of just go that bipartisan political support is still continuing to develop.
15:58
[SPEAKER_01]: I mean, this isn't every Democrat out there is against crypto and not anywhere close to that.
16:05
[SPEAKER_01]: And I'm hoping that
16:07
[SPEAKER_01]: Crypto just becomes overall more bipartisan, and we can push forward with a more fair and equitable way for everybody to be involved.
16:17
[SPEAKER_01]: I'll kind of let you get back to the sheet, but I think that's important to point out that there is a path here for things to still be, you know, going, yeah, it's the hope you've got there.
16:28
[SPEAKER_01]: That's what the phone now should be.
16:31
[SPEAKER_02]: Yeah, oh, good idea.
16:32
[SPEAKER_02]: Yeah, good idea.
16:32
[SPEAKER_02]: The, you know, uh, first clip here of, of laying out this storyline is, uh, Tom Lee, uh, friend of the show, of course, uh, literally going into his closet and he looked in and Brian, he saw his first green tie and he said, no, it's not, that's not green enough.
16:49
[SPEAKER_02]: And then he looked at his, he moved some clothes and then he's like, oh my second green tie, and that's not green enough and he kept going.
16:55
[SPEAKER_02]: He dug in his closet and he found the greenest, brightest tie.
17:00
[SPEAKER_02]: that you could find to go on air and pitch what's going on with this election outcome.
17:08
[SPEAKER_02]: So let's take a listen and then we have some more stats about crypto by far.
17:12
[SPEAKER_00]: You can talk about downstream AI applications and huge going to get scarce if everyone starts using tokens and then prices will go up and then we're going to talk about bottlenecks again.
17:22
[SPEAKER_00]: And of course, there's going to be many states that will welcome this investment.
17:26
[SPEAKER_00]: So I actually think the AI as the days pass, the AI traits very much alive.
17:33
[SPEAKER_00]: I think communities really do want money to come in and just on their terms.
17:37
[SPEAKER_00]: And I think it's really healthy to talk about AI safety, which was a voting issue.
17:41
[SPEAKER_00]: And then look at crypto is rallying because as you know, the Democrats are now pushing crypto legislation, which they opposed just before the midterm.
17:49
[SPEAKER_00]: Now they want to actually pass crypto legislation.
17:53
[SPEAKER_02]: This was a clip from yesterday before the the markets is a whole fell out of bed on Thursday, November 5th.
18:01
[SPEAKER_02]: But what he's referring to is kind of how the layout.
18:04
[SPEAKER_02]: So post midterm we've got, we're talking senators here, 51 senators across 31 states are pro-crypto.
18:11
[SPEAKER_02]: So that's 60.8% with at least one pro-crypto senator.
18:17
[SPEAKER_02]: You know, and you can see a interesting breakdown here, but the majority of the graph is at least
18:22
[SPEAKER_02]: we'll call it pro crypto are at least neutral no stance so there's some ground there plus skeptic plus neutral and then both skeptics.
18:30
[SPEAKER_02]: So really out of the 50 states you only have 12 that are both skeptics and you have some neutral to play with here.
18:36
[SPEAKER_02]: You have one in ones and then pro crypto.
18:39
[SPEAKER_02]: So there's a lot of conversation I think the summary of this chart.
18:44
[SPEAKER_02]: is there's a lot of conversation to be had around crypto.
18:47
[SPEAKER_02]: I don't think it's a a one off negative policy at all.
18:53
[SPEAKER_02]: I think there's actually some in I kind of let's see what what's the next one here.
18:59
[SPEAKER_02]: I don't want to get too far ahead.
19:01
[SPEAKER_02]: I want to hand it off to you with this tweet.
19:04
[SPEAKER_02]: after we so this is uh... this is uh... this is the house so now instead of senators this is the house uh... house democrats are handed off to you and then i do have a uh... take to wrap it all up but let's hand it off to you to talk about what's going on the house
19:17
[SPEAKER_01]: Oh, yeah, so is this the, sorry, I got a little distracted there with a message coming through and this is, um, there you go, so we just broke down again, there wasn't a specific legislation that the senators were proposing, but we just came from this.
19:32
[SPEAKER_02]: So, you know, basically saying there's an overwhelming majority of people that are pro crypto in the Senate and the Senate right now, there's an overwhelming majority of people that are either pro crypto or natural.
19:43
[SPEAKER_02]: And then obviously there are some skeptics.
19:45
[SPEAKER_02]: So then when you go to the house, the house is already talking about some legislation.
19:50
[SPEAKER_02]: The expand the crypto investor and consumer bill of rights amendment.
19:55
[SPEAKER_02]: So they want to work into the Clarity Act and impossibly start to amend it.
20:00
[SPEAKER_02]: So maybe the Democrats basically, the way I read this tweet, this news flow was they want to take the crypto ball.
20:08
[SPEAKER_02]: The crew, they didn't like the Clarity Act as it was delivered for 2025, obviously, that never got past the finish line.
20:17
[SPEAKER_02]: But now in these two years, is there a crypto football that they want to grab and start taking and running with?
20:24
[SPEAKER_02]: And so because there's two ways, and this is where the street divides.
20:27
[SPEAKER_02]: Number one is, we know, well, let's start with the possible the negative is,
20:34
[SPEAKER_02]: Um, in a way there there's one road of that if they want to take the crypto ball and run with it is because they want to go prosecute the fraud They want to expose Whether it's going after Trump his family world liberty five Trump coin whatever that is an avenue that they might want to take because they can make it very public They can call hearings And that's more of a when I say negative that's more of a putting the space in a negative light
20:58
[SPEAKER_02]: But at the same time that also opens up a lane because we know that crypto is a bipartisan issue to then bring about some hearings to bring about some amendments to bring about some legislation to possibly get it across the finish line it's a bipartisan issue and I bring this up because basically yes
21:17
[SPEAKER_02]: There's two years here where the Democrats have control of the narrative.
21:20
[SPEAKER_02]: They don't necessarily have control of the ball.
21:22
[SPEAKER_02]: It's going to be very hard to get things across the finish line and put into law.
21:26
[SPEAKER_02]: But they're going to have control of the control of the narrative in the sense that it's what's going to make news.
21:31
[SPEAKER_02]: You're going to start seeing headlines over the next 10 years of Democrats are pushing this and this past the house and this past the Senate.
21:38
[SPEAKER_02]: This is going to the president's desk.
21:40
[SPEAKER_02]: That's going to be a lot of the narratives from a political spectrum, but is it going to be for show, is it to make statements about, you know, more of it to make statements and to make noise, or, or is it more about, is it free flowing thought, Brian?
21:55
[SPEAKER_02]: Is it more about trying to get things across the finish line?
21:58
[SPEAKER_02]: Get things done because the most interesting point where I wrap it up and hand it off to you.
22:03
[SPEAKER_02]: It's two years from now.
22:04
[SPEAKER_02]: We're going to be covering the next election with the president on the ballot and Trump's not going to be in it.
22:10
[SPEAKER_02]: It's going to be a new Republican and who knows is going to be on on the Democratic ticket.
22:15
[SPEAKER_02]: But two years from now and let's just call it 18 months for now, 18 months for now.
22:21
[SPEAKER_02]: What are the Democrats going to have to show for them?
22:23
[SPEAKER_02]: Did they take these 18 months and did they just kind of make a lot of noise and try to prosecute people and say, Hey, they're criminals.
22:31
[SPEAKER_02]: They're crooks vote for us or did they say, Hey,
22:33
[SPEAKER_02]: you know, we realized, you know, we didn't have our messaging right four years ago, and we lost the presidential election, and then obviously two years ago, they didn't keep their promises.
22:45
[SPEAKER_02]: We're hearing and digesting all that it is that the people, the voices of the people, which is the most important part one, and are you going to try in these next two years to actually
22:55
[SPEAKER_02]: work across the aisle and get some things done, which is really interesting to think.
23:00
[SPEAKER_02]: And maybe I'm biased, but crypto seems like an actual topic that could be that across the aisle reaching that could get some stuff done because it is a bipartisan issue.
23:14
[SPEAKER_02]: So there's going to be tons of noise these next two years.
23:17
[SPEAKER_02]: Obviously we're not here for the noise, but when it comes to crypto,
23:21
[SPEAKER_02]: anything that that's getting talked about.
23:22
[SPEAKER_02]: We're going to want to listen to digest.
23:23
[SPEAKER_02]: And I do think there's a lane to get some legislation across because it is a bipartisan issue.
23:29
[SPEAKER_02]: And I think that's what our leaders in the space are kind of poking their heads out to say hey, this could be interesting.
23:35
[SPEAKER_02]: And then and sorry I said this twice, but as I hand it off to you.
23:38
[SPEAKER_02]: could the Democrats want to take the crypto ball and try to recruit the masses of the crypto sphere to come on to their side to vote for a candidate in in 20 28 because we saw how how well and how noisy it worked to 26 so i i don't know that's that's my high love this take like evercraft gonna come i feel like i feel like i'm a high school football player again and i'm getting recruited like maybe this is my opportunity to get recruited again
24:10
[SPEAKER_01]: It's a very interesting take and I like where you're going there because it's you're kind of saying that it feels like the Democrats have an opportunity of the next two years the next 18 months to really kind of not just just clog up a mess and make some empty promises and just stall everything.
24:28
[SPEAKER_01]: They have a real opportunity.
24:30
[SPEAKER_01]: to listen to what the people want if it's the crypto bros out there, it's just the American people and really just try to meet in the middle and reach across the aisle.
24:40
[SPEAKER_01]: And I love that take because Democrats are already discussing their own version of the crypto market structure legislation as we're just shown in that tweet.
24:50
[SPEAKER_01]: and it does look a little bit different than what Republicans have pushed.
24:54
[SPEAKER_01]: One of the biggest potential changes is giving the SEC more regulatory authority over the crypto industry and taking a potentially limiting some of the CFTCs rule.
25:05
[SPEAKER_01]: Rule.
25:05
[SPEAKER_02]: Rule.
25:08
[SPEAKER_01]: There's also discussions over consumer protections, proof of reserves, custody requirements and, of course, additional ethics provisions, because I do believe that that was just a big issue with Trump and being the president in how DP got into the crypto world and just started the profit off of it.
25:27
[SPEAKER_01]: It started to kind of rub a lot of people, even the crypto grows the wrong way.
25:33
[SPEAKER_01]: So I like your take here where you're saying that there's an opportunity for the Democrats to really just kind of meet in the middle show us that they really want to be proactive and if they do that they're going to probably rally more support for the presidential vote.
25:49
[SPEAKER_01]: in a couple years from now, but really the concern is whether this is gay meat regulatory clarity or if it's just gay be simply just more regulatory control.
25:59
[SPEAKER_01]: We've spent years trying to move away from regulation through enforcement.
26:04
[SPEAKER_01]: So here's the question, or Democrats guy build legislation that actually moves crypto forward, or are we going to be heading into this another prolonged, prolonged regulatory battle?
26:15
[SPEAKER_01]: And I think the answer here is that Democrats do have a real opportunity to be proactive, listen to people and show that they can get some stuff done, and they can meet in the middle, which would really install a lot of confidence, not only in that party, but into the, uh, the crypto industry.
26:35
[SPEAKER_02]: yeah it's a it's perfectly said there um it is it is just something that at least at this point uh a very well spirited show by by me and you to come out and try to give it like we're seeing it today I just feel like there's so much that's to to into the unknown yet which is why you know markets don't like that and so that's why you're you're seeing the volatility and we are recording this on Thursday afternoon and getting it out to you guys Friday morning
27:05
[SPEAKER_02]: I mean, dude, look at this.
27:06
[SPEAKER_02]: I just saw this come across.
27:07
[SPEAKER_02]: It was like the the biggest single day wipe out and stock market history, we're in the middle of a 2.0 trillion at the wipe.
27:15
[SPEAKER_02]: That's right now.
27:16
[SPEAKER_02]: It's just past just ticked.
27:17
[SPEAKER_01]: I mean, turn the circuit breakers on.
27:18
[SPEAKER_01]: My God, right?
27:20
[UNKNOWN]: Ha ha ha ha.
27:21
[SPEAKER_02]: Turn the circuit breakers on.
27:26
[SPEAKER_02]: But I just think it's important to understand that as I pull up another screen shot.
27:33
[SPEAKER_02]: I thought I had it.
27:33
[SPEAKER_02]: Here we go.
27:35
[SPEAKER_02]: People ask Warren Buffett how they want to be rich and they'll tell you how to become rich is Warren Buffett's close the doors and be fearful when others are greedy be greedy when others are fearful and so I know you know for for Brian and I you know we can we can a you know talk come on and talk about what's going on but at the same time, you know
27:56
[SPEAKER_02]: This isn't this isn't us running away.
27:58
[SPEAKER_02]: We're super long-term bulls and there's always opportunities inside these markets and especially with these, you know, the volatility, there's certain things that we like to look at.
28:11
[SPEAKER_02]: And so one thing that I know that we like to preach when the volatility gets super high is the daily income system.
28:18
[SPEAKER_02]: And so if you're somebody that feels like you're kind of trading and you got some stockpon, you're looking like,
28:25
[SPEAKER_02]: Now obviously you need to do your research and stay on top of that stuff during these volatile times, but another thing, the daily income system is something that we like to deploy, especially when times are volatile.
28:34
[SPEAKER_02]: So if you're somebody that's interested in that, go check out the link below.
28:38
[SPEAKER_02]: It's an informational video that I know Bryce put together for everybody.
28:41
[SPEAKER_02]: So go check that out as Warren Buffett keeps this on path.
28:44
[SPEAKER_02]: The guy always says, hey, I made my money when there was blood in the streets.
28:49
[SPEAKER_02]: You know who didn't blink when there was blood in the streets?
28:51
[SPEAKER_02]: Brian Michael Saler for stretch.
28:55
[SPEAKER_02]: Back to par.
28:56
[SPEAKER_02]: Give it up for him.
28:57
[SPEAKER_02]: I had to do it.
28:58
[SPEAKER_02]: We gave him his fair share with this thing was break.
29:01
[SPEAKER_01]: It's a round of applause back to Gar.
29:04
[SPEAKER_02]: Unbelievable.
29:06
[SPEAKER_02]: I know Joe Joe was in on that trade getting the, you know, he said in the 80's he was buying stretch.
29:13
[SPEAKER_02]: There were a lot of other people on the timeline that made some noise saying they were doing that that type of trade.
29:18
[SPEAKER_02]: uh... congratulations to them and congratulations to stretch making it all the way back good i think good for the industry overall uh... you know i think we took you know and fanfare to take some shots uh... you know i think i want pointy was selling right selling bitcoin to buy stretch um... so you know now that you're back to a dollar you're gonna continue buying bitcoin at a larger scale especially with this dip uh... remains to be seen but obviously a leader in the space uh...
29:48
[SPEAKER_01]: I mean, I was blasting Michael Seller in the stretch trade whenever it was well below par.
29:56
[SPEAKER_01]: So it's great to see it, it's great to see it comes back.
30:00
[SPEAKER_01]: And I think it still currently offers what like a 12% annualized dividend and strategy as a design the product.
30:07
[SPEAKER_01]: obviously trade around a hundred dollars per share.
30:10
[SPEAKER_01]: So when such trades blow a hundred dollars strategy is the ability to issue new shares and raise additional capital becomes a lot more difficult.
30:20
[SPEAKER_01]: So it fell substantially blow a par strategy ended up spending more than I think two billion buying back shares to stabilize the product.
30:28
[SPEAKER_01]: But now for the first time since I believe
30:36
[SPEAKER_01]: You know, the ultimate giga chat, Michael Saler, just right when you think he's dead.
30:41
[SPEAKER_01]: When people were calling lawsuits, I might have said this guy's very team to go to jail because of what he was promising.
30:49
[SPEAKER_01]: Complete bounce back.
30:52
[SPEAKER_01]: I'm not I don't want to call him by a cockroach, but you know how hard a cockroach is to kill you know It's the they scurried when the lights come on But when the lights are willing the lights come on and they're the brightest he's out there and we're back to 100 It's a pretty big story For recovery in my opinion.
31:09
[SPEAKER_02]: Yeah, yeah, he credit were credits do you got a love?
31:12
[SPEAKER_02]: I mean they say what if there's ever a nuclear War event when the in the world ended the last thing to survive would be the cockroach, right?
31:20
[SPEAKER_02]: You find a way
31:21
[SPEAKER_01]: Yeah, I mean, sailor's not going down without a fight, uh, you know, there was a lot of hate out there.
31:28
[SPEAKER_01]: I mean, is there a video?
31:29
[SPEAKER_02]: Remember the end of it was a rough one, that was a rough one, or is like some AI, peanut collada, girl, and a bayonth suit being like, yeah, I'm scratching.
31:39
[SPEAKER_02]: I'm in the, yeah, I'm on vacation.
31:41
[SPEAKER_02]: That was a tough one.
31:42
[SPEAKER_01]: And then they were clipping them with like on CNBC when he's like, yeah, I came up with the idea talking with chat GPT.
31:49
[SPEAKER_01]: I'm like Man, this guy is guys just an open book.
31:52
[SPEAKER_01]: He's just saying whatever But we're back.
31:55
[SPEAKER_01]: We're back over.
31:56
[SPEAKER_01]: We're at a hundred so it's a pretty big story For for sailor, so he's back at it.
32:03
[SPEAKER_01]: That's that's my take I'm not a buyer of stretch.
32:07
[SPEAKER_01]: I wasn't a buyer to 80.
32:08
[SPEAKER_01]: I'm not a buyer to a hundred
32:09
[SPEAKER_01]: But I don't want it to I don't want anything bad to happen and did just kind of reiterate I know we're talking a lot about the blue wave and market structure bills in the NASDAQs getting absolutely crushed right now and the crypto market's obviously falling that and getting hit.
32:25
[SPEAKER_01]: But I'm still as bullish as ever on crypto, on the path that we're on.
32:31
[SPEAKER_01]: It is it is truly in this cliche to say when we talk about zooming out because we kind of, we got to probably zoom out a little larger than we want right now, but
32:41
[SPEAKER_01]: I really believe in this industry and crypto and where we're headed.
32:45
[SPEAKER_01]: There's so many interesting things that we're developing in this space and there was just a few years ago when people were talking about how the United States was going to ban Bitcoin and outlaw Bitcoin and centralized exchanges were never going to be allowed.
33:01
[SPEAKER_01]: But now we have Robin Hood and the Coinbase is developing products and bringing in tokenized stocks.
33:07
[SPEAKER_01]: And there's no unraveling this, but I do believe that there's going to be a little bit of a clog here for a little bit while longer, but that could be some really nice opportunity.
33:19
[SPEAKER_01]: I've said that a lot, but I'm still a big believer in this space in where we're headed.
33:26
[SPEAKER_02]: it's a great it's a great way to end the show just two bulls make in the content haven't fun we always appreciate everybody who's in and watching these episodes listen these episodes week in and week you can ride with us on the passion that we have and I think you can understand more about the ebs and flows of the media that we try to cover for you guys because it's
33:46
[SPEAKER_02]: literally changes every day.
33:48
[SPEAKER_02]: And if you're so many that's new, I hope you can appreciate the passion and stick around for more types of content.
33:53
[SPEAKER_02]: If you're new, give this video a like bottom right, hit the logo and subscribe.
33:56
[SPEAKER_02]: We really appreciate everybody.
33:59
[SPEAKER_02]: Everybody listening.
33:59
[SPEAKER_02]: There's going to be so much more to cover for the weeks to come heading into the end of the year.
34:04
[SPEAKER_02]: We're going to be here to cover for you.
34:05
[SPEAKER_02]: We always appreciate you listening or watching, but that's going to be all for now.
34:08
[SPEAKER_02]: Bye, everybody.