Latest / CRYPTO 101 / Crypto Rundown: Bitcoin and Crypto Rip Higher on Fed Cut and China Trade Deal

Transcript

Crypto Rundown: Bitcoin and Crypto Rip Higher on Fed Cut and China Trade Deal · CRYPTO 101

• 0:08
  [SPEAKER_01]: All right, everyone, welcome back to the Crypto 101 run-down, presented by Gemini, your bridge to the future of money, and we are stoked to be able to be back here with all of you once again.
• 0:22
  [SPEAKER_01]: Man, let me just tell you what, the markets are ripping.
• 0:24
  [SPEAKER_01]: We have everything ripping, all of those risk on assets, especially the crypto market.
• 0:30
  [SPEAKER_01]: Just on a mission to Mars as we are coming in hot here on a Monday morning.
• 0:34
  [SPEAKER_01]: Bitcoin, back over 115,000, we have Ethereum over 41, almost 4,200, Solana, right around 200 bucks.
• 0:42
  [SPEAKER_01]: And the crypto market is seeing a nice rally towards the end of last week, going into the start of this week.
• 0:48
  [SPEAKER_01]: Especially over the weekend, we're getting a lot of buyers here on Bitcoin.
• 0:51
  [SPEAKER_01]: We're going to talk about why this is happening.
• 0:53
  [SPEAKER_01]: We have some really big crypto-related news.
• 0:55
  [SPEAKER_01]: Some really big news that's still going to be coming up this week that we want to make sure that you all are informed about.
• 1:01
  [SPEAKER_01]: And then some kind of like macroeconomic tradfinews that is bleeding over and really given the crypto market, the extra push that it needs to go back to all time highs.
• 1:10
  [SPEAKER_01]: So it's going to be a big breakdown.
• 1:12
  [SPEAKER_01]: It works out at the have all of you here.
• 1:14
  [SPEAKER_01]: All that we ask is that if you like the content, hit the like and subscribe button.
• 1:18
  [SPEAKER_01]: If you're coming in from audible or spotify or apple podcasts or iheart radio or any of those, and you want to see all the visuals that we're talking about on the screen.
• 1:27
  [SPEAKER_01]: then go over to our YouTube channel.
• 1:29
  [SPEAKER_01]: It's called the crypto 101 podcast over on YouTube.
• 1:32
  [SPEAKER_01]: And we have all of this content, of course, completely for free for you all to watch.
• 1:37
  [SPEAKER_01]: So, Tevo, what a week, man.
• 1:40
  [SPEAKER_01]: We are coming back here with some fiery vengeance.
• 1:43
  [SPEAKER_01]: I'm feeling, I'm feeling like a live right now.
• 1:46
  [SPEAKER_00]: Yeah, absolutely.
• 1:47
  [SPEAKER_00]: Good morning.
• 1:48
  [SPEAKER_00]: Good Monday to everybody.
• 1:49
  [SPEAKER_00]: I was telling you before.
• 1:50
  [SPEAKER_00]: It's my excuse me.
• 1:52
  [SPEAKER_00]: It's my flu game.
• 1:52
  [SPEAKER_00]: So Brendan's going to carry this one a little bit more than normal.
• 1:55
  [SPEAKER_00]: You know, just not feeling up to a hundred percent.
• 1:57
  [SPEAKER_00]: But couldn't miss the rundown Bitcoin crypto flying goldslide sliding.
• 2:03
  [SPEAKER_00]: I think somebody might have told you that last week that, you know, good to happen.
• 2:07
  [SPEAKER_00]: So we're going to cover that later in the show.
• 2:10
  [SPEAKER_00]: Thank you, TV might be trending on X. I haven't checked yet.
• 2:13
  [SPEAKER_00]: But yeah, there's a lot going on and we were here Friday with Brian and Joe.
• 2:16
  [SPEAKER_00]: We had a good, you know, a little bit of macro, a lot of meme coins, but there's stuff changing over the weekend.
• 2:22
  [SPEAKER_00]: We've got Ray cuts this week.
• 2:23
  [SPEAKER_00]: We've got China from China meeting could cut a deal here.
• 2:27
  [SPEAKER_00]: There's stuff leaking.
• 2:28
  [SPEAKER_00]: Scott Beson did the media rounds yesterday, which we're going to cover.
• 2:33
  [SPEAKER_00]: So just a lot of awesome stuff.
• 2:35
  [SPEAKER_00]: Yeah, great to be with you on a Monday.
• 2:37
  [SPEAKER_01]: Yeah.
• 2:38
  [SPEAKER_01]: Exactly, man.
• 2:39
  [SPEAKER_01]: You know, I could be wrong here, but I'm pretty sure I saw Tivo is Satoshi trending on X.
• 2:45
  [SPEAKER_01]: What?
• 2:46
  [SPEAKER_01]: It was, it was that.
• 2:47
  [SPEAKER_01]: I think crypto baggle, ethucalls.
• 2:50
  [SPEAKER_01]: Like I think all of those were, we're trending and I just saw a lot of pictures of your faces.
• 2:54
  [SPEAKER_00]: Hey, man, listen, yeah, did you see that is that real that polymarket is Trump Satoshi was like 59% I can't I check that has to be a joke, right?
• 3:03
  [SPEAKER_01]: Was that no it was real because CZ came out in an interview and he's like, I don't know Maybe Trump could be Satoshi and then the odd spiked and it was yeah, that's what happened I guess I was odd spike quickly because I was like well, how does that how does the head of him?
• 3:17
  [SPEAKER_00]: Sorry, a little off off tangent here before we jump into the charts, but how does that get paid out?
• 3:21
  [SPEAKER_00]: Like, it's just the rest of Trump's life.
• 3:23
  [SPEAKER_00]: And then if he ever passes away and it's not true, it's a no.
• 3:26
  [SPEAKER_00]: Like, how does that bet end?
• 3:28
  [SPEAKER_00]: You know what I mean?
• 3:29
  [SPEAKER_00]: It's one of those polymarket ones where you got to definitely read the fine print.
• 3:33
  [SPEAKER_01]: Yeah, first of all, I have no idea how it ends or when it ends.
• 3:36
  [SPEAKER_01]: I would imagine it won't end anytime soon.
• 3:39
  [SPEAKER_01]: And two, I thought about putting my entire net worth on the opposing side of that.
• 3:45
  [SPEAKER_01]: Because anybody who's in the crypto space just know that the likelihood of that is sub-001% like it's, yeah, anyway.
• 3:54
  [SPEAKER_01]: And it was the underdog, which I couldn't believe.
• 3:57
  [SPEAKER_01]: But we're here to talk about what's going on.
• 3:59
  [SPEAKER_01]: What's going on in some of these big catalysts behind the scenes?
• 4:02
  [SPEAKER_01]: We always like to kind of just open up things with the chart.
• 4:05
  [SPEAKER_01]: Again, we know we have a lot of catalysts to talk about, but we want to open up things on the charts here.
• 4:10
  [SPEAKER_01]: Just to kind of show this nice move that the crypto market has gotten, as we have a nice bump back to the upside.
• 4:18
  [SPEAKER_01]: So,
• 4:19
  [SPEAKER_01]: Listen, I mean, here's what we're seeing over here with Bitcoin.
• 4:22
  [SPEAKER_01]: We have Bitcoin coming in off of these lows of last week into honestly a pretty scary territory TV.
• 4:29
  [SPEAKER_01]: We were talking about this.
• 4:30
  [SPEAKER_01]: What we were seeing is a second failed breakout, a second fake out.
• 4:35
  [SPEAKER_01]: So we hit the all-time high, came down, failed breakout, came down, failed breakout again, came down, and we started breaking structure.
• 4:43
  [SPEAKER_01]: We're breaking that anchored V-wop, we are breaking the 200-day moving average, we're breaking down the lower lows as we saw, rejecting some of the short-term moving averages in here.
• 4:52
  [SPEAKER_01]: And it was a scary spot, especially when we started to see these lower lows come in below the 200-day.
• 4:58
  [SPEAKER_01]: And what we saw was there was just a tremendous amount of buyers.
• 5:02
  [SPEAKER_01]: They came in at 103.
• 5:03
  [SPEAKER_01]: This really was like the line in the sand.
• 5:06
  [SPEAKER_01]: And prices now back up about 11
• 5:12
  [SPEAKER_01]: 115k.
• 5:14
  [SPEAKER_01]: But it's not alone here.
• 5:15
  [SPEAKER_01]: I mean, you can go and you can see Ethereum.
• 5:16
  [SPEAKER_01]: Again, kind of in a scary situation as well.
• 5:19
  [SPEAKER_01]: Four failed breakouts.
• 5:21
  [SPEAKER_01]: Five if you count the one from 2021.
• 5:23
  [SPEAKER_01]: And after this, move down followed by a penant, which is not always a great thing to see.
• 5:30
  [SPEAKER_01]: But we bounced off of this.
• 5:31
  [SPEAKER_01]: We broke to the upside.
• 5:33
  [SPEAKER_01]: And now we're back at that 50-day moving average.
• 5:35
  [SPEAKER_01]: So again, some life kind of come in back in the altcoins.
• 5:38
  [SPEAKER_01]: Ethereum is up from October 10th about 20% to the upside.
• 5:43
  [SPEAKER_01]: Same story over here with Solana holding that 200-day moving average.
• 5:47
  [SPEAKER_01]: Unlike some of the other ones it didn't break.
• 5:49
  [SPEAKER_01]: It's up about 16% back to the upside.
• 5:52
  [SPEAKER_01]: And we're starting to see some of these other altcoins as well.
• 5:54
  [SPEAKER_01]: Obviously during the liquidation event, XRP's hold off big time, recovered quite well.
• 5:59
  [SPEAKER_01]: It's pushing back up now.
• 6:01
  [SPEAKER_01]: to this previous floor of around $2.70, we know it was bouncing off this a lot before.
• 6:08
  [SPEAKER_01]: You know, now we're kind of looking at this saying this could be a big resistance level, but overall, I mean, the big takeaways that altcoins are bouncing off of these lows.
• 6:17
  [SPEAKER_01]: You're going to have B&B over here bouncing as well off that 50-day moving average.
• 6:22
  [SPEAKER_01]: I mean, track in a couple of these other ones as well, such as like Athena and Hyperliquid.
• 6:28
  [SPEAKER_01]: And again, these things are back into a little bit of an uptrend.
• 6:32
  [SPEAKER_01]: Same thing with pump came down to around three tenths of a cent, and now it's up about 40 50 percent from those lows, and then of course, I'll look with you with just a fantastic rally around 40 percent as well, but we're saying all this because altcoins are seeing a pretty good bounce off of this.
• 6:50
  [SPEAKER_01]: and that's what we really want to see because obviously Bitcoin's been doing fine.
• 6:54
  [SPEAKER_01]: Bitcoin has been testing all time high after all time high.
• 6:56
  [SPEAKER_01]: It's all coins which have been lagging behind a little bit, but we're still kind of seeing a little bit of an uptrend here since September in terms of Bitcoin dominance.
• 7:06
  [SPEAKER_01]: So all coins still
• 7:07
  [SPEAKER_01]: a little bit weaker in comparison to Bitcoin, but we want to see this start to shift down so that altcoins can rally.
• 7:14
  [SPEAKER_01]: And we've said this a million times, but I truly do think the next big move for altcoins comes when the government comes out of their shutdown, the government's no longer frozen.
• 7:25
  [SPEAKER_01]: And we have the SEC start approving these altcoin ETFs.
• 7:28
  [SPEAKER_01]: I really do believe that that will be the catalyst kind of marking point.
• 7:32
  [SPEAKER_01]: four altcoins to go on some of these big runs that I think a lot of us are used to.
• 7:38
  [SPEAKER_01]: And so that's one of the big catalysts that I'm still watching out for.
• 7:41
  [SPEAKER_01]: So keep an eye out for that.
• 7:44
  [SPEAKER_01]: But I mean, listen, beyond that on the charts, you know, cryptocurrency and a nice rally, the other thing that we did see here is that, you know, talking about all risk on assets,
• 7:53
  [SPEAKER_01]: You know, we have the the triad farm markets gapping up after gapping up after gapping up off of some of these scares that we had and this kind of leads into some of the fundamental news that we're going to talk about, but the good news here is that again, risk on assets across the board, crypto stocks, you know, equities, you name it, we're seeing a lot of positive sentiment and this is what we want to see so that everything kind of can can really just continue this rally so far, but
• 8:22
  [SPEAKER_01]: Yeah, I mean, pretty electric here, Tiva, I even saw that a lot of the crypto related plays, you know, we've talked about, you know, now Gemini obviously publicly traded circle Robin Hood, a lot of these people, like I would say like secondary exposure forms of crypto coin base and other one, um, all seeing a pretty positive bump here on the day.
• 8:42
  [SPEAKER_01]: And it seems like anything that's kind of related to crypto is getting a push as well.
• 8:47
  [SPEAKER_01]: So.
• 8:48
  [SPEAKER_00]: Yeah, no, it's it's something to watch in the sense that there's a lot of news this week at the macro level, obviously, you know, you got to stand your toes with this administration.
• 8:59
  [SPEAKER_00]: they're going left they're going right you know China's in the dog house and we're making it deal with Canada now Canada's in the dog house we're making it deal with China so you know again that's again why hope people come here you know times a week to get their news because we're trying to stay at price for it for everybody but this week all eyes are on the U.S. China trade deal and then Chair Powell
• 9:20
  [SPEAKER_00]: is going to give an announcement on rate cuts as well which you know the consensus is that there's going to be another 25 basis point cut but could it be 50 probably not because my my thought is that again the odds are saying this as well but the thought behind it is we haven't really gotten much data so with the government shutdown and they're just kind of easing their way into the end of the year.
• 9:42
  [SPEAKER_00]: But, um, again, pop kind of showing us the way here.
• 9:45
  [SPEAKER_00]: He's thinking asset prices are going to go crazy.
• 9:47
  [SPEAKER_00]: You're going to the US China deals and now it's Fed cuts rates, uh, does that get everybody bold up or is, is everything, you know, with today's move and who knows what tomorrow and Wednesday brings at this point, but, you know, is this something that could get a little bit baked in over the course of the next couple days, uh, you know, something we'll have to keep keep an eye on.
• 10:06
  [SPEAKER_01]: Yeah, I mean, listen, it's going to be a massive week for, again, all risk on assets on the track by side, 35% of the SMP reports earnings this week, so massive earnings week.
• 10:17
  [SPEAKER_01]: You have the U.S. China trade deal stuff that's starting to come through, and we're going to talk about that in just a second.
• 10:23
  [SPEAKER_01]: And then, of course, we have Jay Powell talking about his rate cuts.
• 10:26
  [SPEAKER_01]: So,
• 10:27
  [SPEAKER_01]: Before we get into that, you know, we have it on the screen right here, US Treasury Secretary Besson says China is ready to make a trade deal, which would remove the 100% tariff.
• 10:37
  [SPEAKER_01]: Now, this was something that spoke the market for pretty much the last two or so weeks.
• 10:42
  [SPEAKER_01]: where people were nervous, right?
• 10:44
  [SPEAKER_01]: Because it was Trump was not gonna meet with G, then he was, then he wasn't, then he was, then there was no, there was a lowering tariffs, and then there was a big spike in them of, oh, it was gonna be over 100%.
• 10:58
  [SPEAKER_01]: And we've seen this back and forth of like, what is going on, are they communicating is something gonna get done?
• 11:04
  [SPEAKER_01]: Is there gonna be tariffs?
• 11:05
  [SPEAKER_01]: and now it looks like there is is probably a resolution insight.
• 11:10
  [SPEAKER_01]: And so that was a big kind of catalyst that caused this recent bump up that we saw and again everything related to the risk markets because China's such a big trade partner and such a big uh uh
• 11:21
  [SPEAKER_01]: just market in general, kind of in general.
• 11:24
  [SPEAKER_01]: And so when people were looking at this, they said, okay, you know, hey, it looks like it's getting resolved.
• 11:29
  [SPEAKER_01]: Huge bump, but we saw just kind of this rally come out in terms of the crypto market.
• 11:35
  [SPEAKER_01]: We saw a turnaround.
• 11:36
  [SPEAKER_01]: So this is a really good thing.
• 11:37
  [SPEAKER_01]: Again, we're hoping that this is going to get resolved here.
• 11:41
  [SPEAKER_01]: It seems like the only thing left.
• 11:43
  [SPEAKER_01]: It seems like everything's done from my understanding of it.
• 11:46
  [SPEAKER_01]: All the hard work is done.
• 11:48
  [SPEAKER_01]: It's just a matter of the two leaders getting together and like finalizing it and saying, okay, it's official.
• 11:54
  [SPEAKER_01]: So that's a good thing.
• 11:55
  [SPEAKER_01]: So we're seeing that.
• 11:57
  [SPEAKER_01]: And then the other half of this is Jay Powell.
• 12:00
  [SPEAKER_01]: Like you said, come in out this week and
• 12:03
  [SPEAKER_01]: announcing, hey, we're ideally going to cut rates again.
• 12:07
  [SPEAKER_01]: We have the inflation report last week come in lower than expected.
• 12:11
  [SPEAKER_01]: It was expected at 3.1%.
• 12:13
  [SPEAKER_01]: It came in at 3%.
• 12:16
  [SPEAKER_01]: So again, inflation, which is so funny because we've been talking about this since the tariff flows.
• 12:22
  [SPEAKER_01]: Of all these economists all these different people saying this is gonna cause inflation to go ramp in and it's gonna be this huge thing That we have to worry about and we're not gonna get right cuts and it was such in my opinion.
• 12:35
  [SPEAKER_01]: It was such a ridiculous
• 12:39
  [SPEAKER_01]: idea or theory, and you could tell pretty early on that when it stopped showing up, it wasn't going to be an issue.
• 12:46
  [SPEAKER_01]: And everyone just said, Oh, it hasn't come into effect yet.
• 12:48
  [SPEAKER_01]: One more month, one more month, one more month.
• 12:50
  [SPEAKER_01]: And it just never came around.
• 12:52
  [SPEAKER_01]: And I think finally, some of those people who have been crying for it.
• 12:56
  [SPEAKER_01]: are starting to fade into the background.
• 12:58
  [SPEAKER_01]: And it's just something that we just aren't likely not going to see.
• 13:02
  [SPEAKER_01]: And we continue to see lower than expected in pretty cool inflation prints for the most part, especially to the inflation that actually matters.
• 13:09
  [SPEAKER_01]: And I'm glad, really glad, that you pulled up true inflation because they show the true inflation rate.
• 13:14
  [SPEAKER_01]: And we've had them on the podcast as well, brilliant minds.
• 13:19
  [SPEAKER_01]: But yeah, true inflation at 2.48%.
• 13:22
  [SPEAKER_01]: that's pretty low that is genuinely pretty low especially when a couple of years ago it was almost at you well depending on when you looked but it was almost a 10% so yeah I mean this is coming down Tiva what are your thoughts on this I mean clearly it's going to be a big week luck going on yeah 100% I think the pull-up true inflation just because again we've found them on the podcast we've talked about it a lot and I I was kind of getting
• 13:46
  [SPEAKER_00]: Not I don't know if word was the right word, but I was getting intrigued when like we saw this we've been obviously we've had I think we had the no on the podcast before December of why we had them on the podcast like a year and a half ago, but like we saw inflation falling like a rock.
• 14:01
  [SPEAKER_00]: And again that that's a tool in the toolbox for how you know some of us on the team like to make decisions for investments and so it's kind of going off that you know in the earlier in the beginning of the year.
• 14:10
  [SPEAKER_00]: And then it got to the point definitely in March, April area where I was just like, you know, this thing's been nonstop going down, like the inflation has to tick up a little bit and at least bounce around.
• 14:21
  [SPEAKER_00]: So I thought it was interesting to see that actually happen and kind of understand the readings that it's to the data that goes into it because I know the, you know, with the government uses
• 14:31
  [SPEAKER_00]: There's a couple of things that are just, it doesn't make sense.
• 14:34
  [SPEAKER_00]: They need to go and change the model.
• 14:36
  [SPEAKER_01]: Yeah.
• 14:36
  [SPEAKER_00]: Like it was like housing.
• 14:37
  [SPEAKER_00]: It was used cars.
• 14:38
  [SPEAKER_00]: It's like used cars and cars like, okay, the race track that helps.
• 14:42
  [SPEAKER_00]: Grinks are gonna help car insurance.
• 14:44
  [SPEAKER_00]: And use cars.
• 14:45
  [SPEAKER_00]: It was crazy.
• 14:46
  [SPEAKER_00]: So it was trying to understand that.
• 14:47
  [SPEAKER_00]: And now that it's coming down, again, you're seeing the asset prices react to that a couple months later.
• 14:52
  [SPEAKER_00]: So it seems like it's finding its footing.
• 14:54
  [SPEAKER_00]: It's like a nice little TA chart here, right?
• 14:56
  [SPEAKER_00]: It's like made it's nice bottom.
• 14:58
  [SPEAKER_00]: Then it came back up.
• 14:58
  [SPEAKER_00]: And it's definitely ranging right now.
• 15:00
  [SPEAKER_00]: So, um, yeah, I just, I think it's something that you got to, you got to take into effect.
• 15:06
  [SPEAKER_00]: And I think the Fed seems properly balanced to keep cutting rates.
• 15:10
  [SPEAKER_00]: I heard some, you know, some economists say the other day.
• 15:12
  [SPEAKER_00]: Basically, if you take everything into account, the Fed's at neutral right now.
• 15:17
  [SPEAKER_00]: Oh, you know, they all agree that they're in a cutting stance.
• 15:21
  [SPEAKER_00]: So if you're in a cutting stance and in a cutting cycle right now, they're technically at neutral.
• 15:26
  [SPEAKER_00]: So more cuts are coming, but again, there's there's a lot more things.
• 15:30
  [SPEAKER_00]: It's not just rate cuts equal higher prices for assets.
• 15:33
  [SPEAKER_00]: Obviously, there's all the trade stuff and the tariffs and everything is going on.
• 15:36
  [SPEAKER_00]: So you got to.
• 15:36
  [SPEAKER_00]: You got to take all that into effect along with, you know, the AI trade and the crypto trade and all that stuff, so that's what we try to do is kind of take it all in, but it's Sounds like you got some work going on there, Brendan.
• 15:50
  [SPEAKER_00]: My guy was drilling over here.
• 15:52
  [SPEAKER_01]: I just scared me half the death.
• 15:55
  [SPEAKER_00]: That was wild.
• 15:59
  [SPEAKER_00]: But um, yeah, just trying to say whenever whenever I see a treasury secretary basin on TV, I get a little excited because usually he's he's the guy that's bringing like the good news for the markets.
• 16:13
  [SPEAKER_00]: Again, back in April when we had the tariff scare, they they had a lot of Nick and Besson.
• 16:20
  [SPEAKER_00]: and I can't remember the other guy slept my name but they they hid that guy the third guy he was going crazy on the tariffs and they they said hey you need to stop doing interviews mutton it kind of scaled back and best it was the leader of the voice and then he calmed the markets down so whatever you see on sunday which is just trash all bets on on every channel ABC and BC CBS as like all right this there's good news coming out this week for sure and then you're good bread and good
• 16:45
  [SPEAKER_01]: Yeah, I was just going to say we're going to have to probably just deal with it.
• 16:48
  [SPEAKER_01]: I'm sorry.
• 16:48
  [SPEAKER_01]: It's going to be a little bit loud.
• 16:49
  [SPEAKER_01]: I have no idea what's going on.
• 16:51
  [SPEAKER_01]: But clearly, a little bit of work.
• 16:52
  [SPEAKER_01]: But yeah, I mean, I think all of it's pretty valid.
• 16:56
  [SPEAKER_01]: And we can probably look at some of this selling pressure that is subsiding to you, though.
• 17:00
  [SPEAKER_00]: Yeah, let me pull that up.
• 17:01
  [SPEAKER_00]: I got that chart right here.
• 17:03
  [SPEAKER_00]: So bullish selling pressure has subsided.
• 17:06
  [SPEAKER_00]: So it's oil funding spot and perpetual.
• 17:10
  [SPEAKER_00]: So you can just see like,
• 17:15
  [SPEAKER_00]: You know, overall the sellers are kind of coming to an end.
• 17:19
  [SPEAKER_01]: Yeah, exactly.
• 17:20
  [SPEAKER_01]: And there's a couple of things to understand.
• 17:22
  [SPEAKER_01]: So there's three parts to this.
• 17:23
  [SPEAKER_01]: You have the black line, which is Bitcoin's price.
• 17:26
  [SPEAKER_01]: You have the
• 17:29
  [SPEAKER_01]: blue line which is going to be the spot cumulative volume delta.
• 17:33
  [SPEAKER_01]: This is essentially like how much spot market buying is happening versus selling that's happening and then you have the yellow line which is going to be their perpetuals CVD essentially just how much features buying versus selling has happened or is happening.
• 17:47
  [SPEAKER_01]: And so what we see here is when you put all of these on the chart, we're seeing a flattening out, which means that we're getting close to something happening, essentially like ideally a bottom in this scenario with this also kind of shows is that sellers are exhausted, which is why it's flattening out.
• 18:04
  [SPEAKER_01]: And ideally what this is an early indicator for is that there's a reversal kind of it play.
• 18:09
  [SPEAKER_01]: So we're seeing the bulk of the selling pressure kind of come to a slowdown or almost a stop.
• 18:15
  [SPEAKER_01]: And you could even argue that not only is the selling pressure stopped, but that it's starting to go back to the upside to that the buyers are actually coming back in and taking control.
• 18:24
  [SPEAKER_00]: Great stuff.
• 18:24
  [SPEAKER_00]: I just, sorry for everybody's listening live.
• 18:27
  [SPEAKER_00]: I got, I got, I don't think you can hear it on my end.
• 18:29
  [SPEAKER_00]: I have somebody on my floor doing drilling, Brendan's got drilling.
• 18:33
  [SPEAKER_00]: I mean, this is, it's almost comical.
• 18:34
  [SPEAKER_00]: I feel like I'm on a TV show right now.
• 18:36
  [SPEAKER_00]: but we'll keep moving on.
• 18:38
  [SPEAKER_00]: I guess this is my segment.
• 18:40
  [SPEAKER_00]: Gold slides, Bitcoin flies.
• 18:42
  [SPEAKER_00]: Thank you Tvo.
• 18:43
  [SPEAKER_00]: So if you tuned in last week, we pulled up this chart here.
• 18:46
  [SPEAKER_00]: And again, it's not necessarily a predictor, pass results, do not guarantee future performance.
• 18:51
  [SPEAKER_00]: But we've been, we've been telling the story of gold on this program.
• 18:55
  [SPEAKER_00]: And we're not, we're not anti gold.
• 18:56
  [SPEAKER_00]: I know Brennan holds gold.
• 18:57
  [SPEAKER_00]: I'm, I hold a little gold.
• 18:59
  [SPEAKER_00]: Like we're not anti gold.
• 19:00
  [SPEAKER_00]: We just do think that
• 19:01
  [SPEAKER_00]: you know long-term bitcoins going to be better in the future.
• 19:05
  [SPEAKER_00]: But there's some, you know, some study if you go and study the past year.
• 19:08
  [SPEAKER_00]: We showed it to you last week that hey, when gold goes on a great run.
• 19:12
  [SPEAKER_00]: And again, not anti gold, part of this part of this thesis was gold has to kind of go on a good run and lead Bitcoin.
• 19:20
  [SPEAKER_00]: And it did it in 2020 and then gold topped out and came down.
• 19:23
  [SPEAKER_00]: But when that happened, Bitcoin kind of ripped up,
• 19:25
  [SPEAKER_00]: and went, you know, absolutely parabolic afterwards.
• 19:29
  [SPEAKER_00]: And so we've seen nothing but this wild gold run.
• 19:32
  [SPEAKER_00]: It's one of those ones.
• 19:33
  [SPEAKER_00]: I haven't used this reference in a while, right?
• 19:35
  [SPEAKER_00]: And it's like the A-block B-block of all these finance channels, man.
• 19:37
  [SPEAKER_00]: I feel like gold has been on the A-block of these TV shows for the last.
• 19:43
  [SPEAKER_00]: I'm going to call two to three months.
• 19:45
  [SPEAKER_00]: Maybe longer, right?
• 19:46
  [SPEAKER_00]: It's just been a historic run for gold.
• 19:48
  [SPEAKER_00]: So congrats to the gold bugs this year.
• 19:51
  [SPEAKER_00]: But again, everything eventually nothing goes straight up forever.
• 19:55
  [SPEAKER_00]: And that's, we say that all the time.
• 19:56
  [SPEAKER_00]: All points.
• 19:57
  [SPEAKER_00]: You see that hockey stick.
• 19:58
  [SPEAKER_00]: You got to start thinking, okay, what's your strategy to make sure you're locking in some type of profit around risk mitigation when you start to see the hockey stick.
• 20:06
  [SPEAKER_00]: So we see, we see a hockey stick in gold right now.
• 20:09
  [SPEAKER_00]: And then again,
• 20:11
  [SPEAKER_00]: is it just a short little pullback is it going to keep rocketing you know we always say nobody has the crystal ball if anybody's telling you they do they're lying but we are seeing gold pullback you know is up at forty three above forty three hundred now it's just dip today below four thousand and then you can see today right Sunday last night the futures open market opens higher Bitcoin higher so is that is that the new trend right now we'll we'll have to see I don't
• 20:37
  [SPEAKER_00]: Um, it's something that is finalized yet.
• 20:40
  [SPEAKER_00]: So I can't take a full victory lap, but I will take a half.
• 20:42
  [SPEAKER_00]: I will take a half.
• 20:43
  [SPEAKER_00]: It's Monday.
• 20:43
  [SPEAKER_00]: It's my flu game.
• 20:44
  [SPEAKER_00]: I'm here for you.
• 20:46
  [SPEAKER_00]: Um, but I will, I will say that, you know, Bitcoin, at least in the short term since we've brought it up on the program.
• 20:52
  [SPEAKER_00]: Gold's been down and Bitcoin's been up at a pretty pretty, you know, volatile margin for a short period of time.
• 20:59
  [SPEAKER_01]: Yeah, and the idea here is that like, hey, I mean, we talked about it last week how much gold was up, right, having this 100% rally from its kind of prior highs that it broke out of from 2,000 to 4,000, it's a big move for metals a 100% move is a lot.
• 21:14
  [SPEAKER_01]: And so could there be this idea and again, cuters to you, you were the one who brought this up of could we see a bleed and gold, at least for a little bit and have that go into things like crypto and I think the answer there is yes and we're seeing that right gold's coming down aggressively and we're seeing that bitcoins rising aggressively once again here is so I'm kind of for the idea.
• 21:36
  [SPEAKER_00]: Yeah, and something that we'll continue to watch, it's one of those things we do this on the program a lot right we mentioned some kind of thesis and a call and we'll kind of maintain it and kind of come back to it and keep keep checking we do that, you know, Brendan makes it I make it or the meme coin guys we kind of revisit it.
• 21:52
  [SPEAKER_00]: So we'll put that on on the radar to keep revisiting whether it's right or wrong.
• 21:56
  [SPEAKER_00]: We'll we'll we'll be honest and that's what we're here to do is, you know, have some fun, but also keep ourselves honest.
• 22:03
  [SPEAKER_00]: And I guess with that, we'll move on.
• 22:05
  [SPEAKER_00]: We'll keep we'll keep track in that one.
• 22:07
  [SPEAKER_00]: We got
• 22:08
  [SPEAKER_00]: So I didn't see this brand.
• 22:09
  [SPEAKER_00]: You brought this up, but Mount Gox for payments post-pone one year.
• 22:12
  [SPEAKER_00]: No, Mount Gox related Bitcoin will be hitting the market until 2026.
• 22:17
  [SPEAKER_00]: Initial thought, what's your take on that?
• 22:20
  [SPEAKER_00]: Is this good for the price?
• 22:21
  [SPEAKER_00]: Because no big coins coming online, so they can't sell it.
• 22:25
  [SPEAKER_00]: Or is this we want more liquidity in the markets for people to use?
• 22:29
  [SPEAKER_00]: What's the take here?
• 22:30
  [SPEAKER_01]: Yeah, the take here is that this has been a pretty scary event where people are like, oh, all these big coins
• 22:37
  [SPEAKER_01]: into the market they're going to be given back to investors they're going to have to sell them off or they are going to sell them off and so people just viewed this as like one of those potentially big selling events and it's looking like hey this thing's getting pushed out you don't have to worry about it and so it's just known that they're positive catalyst where there should not be as much selling pressure as there wasn't anticipated beforehand so again just another kind of bullish catalyst here for Bitcoin
• 23:01
  [SPEAKER_00]: Yeah, I mean, I might as well punt it out as as long as you can then if it's, uh, it could be a negative market event again, I know we did the, uh,
• 23:08
  [SPEAKER_00]: was when the ETFs came live we were kind of tracking you know all the other ETFs obviously they were new so they had inflows and gray scale just had this massive outflow event that we were tracking for a while and then I remember we had the we had like a celebration day when we finally saw the the gray scale ETF had a at a green inflow so kind of seems like it might be something similar to that once these you know people that have had an evident their Bitcoin for almost a decade probably or get it back they're going to start
• 23:35
  [SPEAKER_00]: selling it off and makes sense, but you know, put it out a year with something to keep track of for sure.
• 23:42
  [SPEAKER_00]: But also, you know, every year you're put out, you're closer to the next having and, you know, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've, we've,
• 23:57
  [SPEAKER_00]: moving on.
• 23:57
  [SPEAKER_00]: We've got some coin base news as always.
• 24:00
  [SPEAKER_00]: I feel like Brian Armstrong is again, friend of the show, of course.
• 24:05
  [SPEAKER_00]: We're actually interviewing somebody from Coinbase this week, right?
• 24:07
  [SPEAKER_00]: Coinbase Echo a new program.
• 24:09
  [SPEAKER_00]: It's exciting.
• 24:11
  [SPEAKER_00]: So I know we're doing open C today.
• 24:13
  [SPEAKER_00]: We got some heavy hitters actually.
• 24:15
  [SPEAKER_00]: on the podcast coming up.
• 24:16
  [SPEAKER_00]: So good end of the year for guests, but Coinbase aims to move the entire startup journey on chains as Brian Armstrong.
• 24:24
  [SPEAKER_00]: I guess what he's relating to there is, you know, bring startups on chain, give the people the ability to, you know, buy some stock via the on chain, you know, rails, right?
• 24:36
  [SPEAKER_01]: I think it's even more than that, which I believe is happening, but they're looking with their most recent acquisition of Echo, which is what we're going to be talking about on the podcast either today or tomorrow, and then we'll upload it later, but essentially they're trying to bring the whole startup journey, funding journey like all of this on chain with their most recent acquisition, and I think that's what this is talking about, which is an interesting concept.
• 25:05
  [SPEAKER_00]: Well, buy us obviously with Robin Hood and the amazing Robin Hood call that we made on the show from $9 to $130.
• 25:14
  [SPEAKER_00]: But it felt like Robin Hood was kind of leading the way of kind of just constant innovation in releasing.
• 25:21
  [SPEAKER_00]: Like the way that Robin Hood built and released products so quickly, I felt like over the last year or two years, especially in crypto, was amazing.
• 25:28
  [SPEAKER_00]: And Coinbase was always the leader and the frontier of crypto.
• 25:34
  [SPEAKER_00]: Yeah, kind of trying to catch up, and they definitely have in their own way.
• 25:40
  [SPEAKER_00]: And I think Coinbase now, I think Brian Armstrong has kind of been reinvigorating.
• 25:44
  [SPEAKER_00]: I think Brian Armstrong and Vlad, you know, competitors, well, but I think there's mutual respect there and just trying to build out the space and come up with awesome need products.
• 25:53
  [SPEAKER_00]: And yeah, I mean democratizing finance for all and kind of getting, taking down the rails of like, yeah, why can't
• 26:01
  [SPEAKER_00]: the average person, you know, getting involved with some of these companies before the IPO.
• 26:05
  [SPEAKER_00]: Why can't we at least have the option or understanding of what's to invest?
• 26:09
  [SPEAKER_00]: Like, I can go right now.
• 26:10
  [SPEAKER_00]: There's a, I live in Tampa.
• 26:12
  [SPEAKER_00]: So there's a hard rock casino 30 minutes away.
• 26:14
  [SPEAKER_00]: If I wanted to, I could go and pull out my life savings from my bank account.
• 26:19
  [SPEAKER_00]: and go over there and spend 12 hours at a casino and do a redder black and lose everything.
• 26:24
  [SPEAKER_00]: So why can't I do the research and invest in companies that are trying to build our future?
• 26:30
  [SPEAKER_00]: I think that's a huge, you know, a huge miss for, you know, the retail investor and kind of, you know, they call us dumb money, but the retail investor has had a great decade and definitely a great five years.
• 26:43
  [SPEAKER_00]: So at least gives the opportunity, you know, we understand the risk in the education part.
• 26:48
  [SPEAKER_00]: But I'm continuing on just a couple quick hitters and again, we apologize for for the the sound today just a bad some bad luck there for some some support going on over at Brendan's neck of the woods.
• 27:01
  [SPEAKER_00]: But I'll take us home with a couple quick hitters.
• 27:04
  [SPEAKER_00]: Tom Lee post that bit mine achieved 2.8% of the total supply will extend something that we've covered.
• 27:10
  [SPEAKER_00]: They're going for 5%.
• 27:11
  [SPEAKER_00]: Bit mine is going for 5% of the total E supply.
• 27:14
  [SPEAKER_00]: They have reached 2.8% so they're more than halfway there, which is astounding.
• 27:20
  [SPEAKER_00]: They have 3.3 million teeth and I think the cool thing to watch with them and they've kind of leaked this out is they're working on a staking program.
• 27:27
  [SPEAKER_00]: So eventually they're going to stake all this teeth, put it back in the ecosystem, try to collect that the staking percentage, which for those who don't know is like a dividend with stocks and then they're going to be printing, you know, a ton of money for the staking income and then what are they going to do with that?
• 27:42
  [SPEAKER_00]: Or is it a flywheel?
• 27:44
  [SPEAKER_00]: Are they going to buy a more
• 27:50
  [SPEAKER_00]: who is doing the the treasury company for world coin.
• 27:53
  [SPEAKER_00]: Again, the volatility here for a stock is something you need to do the research and it's not personal financialized.
• 28:00
  [SPEAKER_00]: So you need to understand what bit mine is.
• 28:02
  [SPEAKER_00]: Definitely look at that price action because it is quite volatile.
• 28:05
  [SPEAKER_00]: But again, with timely at the helm, it's something that is is going to be newsworthy any time they do something.
• 28:11
  [SPEAKER_00]: But just thought it was good to check in and let everybody know that man.
• 28:15
  [SPEAKER_00]: They said 5% and I remember when we covered this right it was like the beginning of it called man 5% that that's pretty wild and and Here they are at 2.2.8% Brendan any thoughts on on Bitcoin
• 28:29
  [SPEAKER_01]: I'm sure he's like, what happens at 5% right?
• 28:31
  [SPEAKER_01]: That's kind of the big question because they're getting there so fast.
• 28:35
  [SPEAKER_01]: But no, it'll really, it's amazing.
• 28:38
  [SPEAKER_01]: So it's just a buying stop.
• 28:39
  [SPEAKER_00]: Yeah, you just, you just hotdle.
• 28:41
  [SPEAKER_00]: I guess that's what I guess the, that's the staking program is understanding.
• 28:45
  [SPEAKER_00]: once they get to the 5% and it's staked what are they going to do with the staking income does bit mine issue a dividend who knows maybe um that would kind of make sense if you're a ethereum treasury company in a ethereum gives back to its holders you might want to give back to your stockholder so that's an idea or they they sprinkle it between more Ethan more moonshots so again something more than to sell that because they're gonna if the staking
• 29:12
  [SPEAKER_01]: the dividend or whatever that they earn, the yield that they earn on straight is given to them in Ethereum.
• 29:18
  [SPEAKER_01]: So if they're going to give that back as a dividend to their customers, they have to take the Ethereum that they earned and sell it onto the market, which I think would be a good idea because they're good quality selling, which in the show.
• 29:30
  [SPEAKER_00]: That's a good point.
• 29:31
  [SPEAKER_00]: That's a very, very good point.
• 29:33
  [SPEAKER_00]: That, you know, Tom Lee and his quance are way smarter than being math.
• 29:37
  [SPEAKER_00]: But it would be something that I guess in the perspective, you would announce, right?
• 29:41
  [SPEAKER_00]: It's like, okay, we're staking X amount of youth, which is going to give us, you know, X percent, which we estimate, you know, quarterly will be X millions of dollars and we're going to take our, I'm sorry, X millions of youth, which equals this millions of dollars.
• 29:56
  [SPEAKER_00]: Like, we're not going to
• 29:56
  [SPEAKER_00]: every reward, we're not going to sell it all.
• 29:59
  [SPEAKER_00]: We're going to sell 20% of the reward and then so you're going to see us selling Ethan chain, but it's really just 20% of whatever reward 80% we keep 20% we distribute, you know, I don't know.
• 30:10
  [SPEAKER_00]: Some some type of announcements, slash education for the the investors, which I'm sure Tom will do because
• 30:17
  [SPEAKER_00]: you know he's a stand-up guy and another friend of the program.
• 30:20
  [SPEAKER_00]: Speaking of the friendly as friends of the program, CZ was in the news this week and after his pardon taken an absolute victory lap on the Trump tour.
• 30:28
  [SPEAKER_00]: CZ and Dana White, Uncle Dana there, doing a full UFC experience, rings side in his Binance Polo.
• 30:36
  [SPEAKER_00]: He's got a little, is that his, is that a UFC, because it has his picture on that.
• 30:42
  [SPEAKER_00]: So I don't know if that's like a press pass with CZ's photo on it, or is that his Binance company, like, ID, I don't know what that is.
• 30:50
  [SPEAKER_01]: I don't know.
• 30:52
  [SPEAKER_00]: Let me see if I can zoom in on it.
• 30:54
  [SPEAKER_01]: Because it's yellow, so I don't think it would be UFC.
• 30:58
  [SPEAKER_00]: I think that's hilarious.
• 30:59
  [SPEAKER_00]: I kind of, this was just a little tongue-in-cheek tweet, but again, he gets pardoned by Trump.
• 31:05
  [SPEAKER_00]: uh... a lot of people you know is a political thing everybody took their their sides appropriately but uh... i thought it was funny that you know i i didn't think this was just cz it uh... as at a at a ufc fight it's like he gets pardon and then immediately hits the press tour uh... with trump's inner circle uh... just thinking out loud maybe a bynance ipo coming soon you know i just i thought i thought that was a funny tweet uh... people seem to like that but yeah any any thoughts of cz uh... you know jumping right into the trump center circle
• 31:33
  [SPEAKER_01]: I have mixed feelings on CZ personally.
• 31:35
  [SPEAKER_01]: I think he has been involved in some sketchy things, probably some manipulation, but I mean, he's clearly one of the big leaders in crypto.
• 31:45
  [SPEAKER_01]: He has the arguably the largest exchange up there with Coinbase, so love him, hate him.
• 31:52
  [SPEAKER_01]: He's a leader in the space, and he does want crypto to succeed.
• 31:55
  [SPEAKER_01]: So you gotta respect that.
• 31:57
  [SPEAKER_00]: Yeah, and again, the fact that he's part now opens the doors for him to be a lot more involved at a professional level and a regulatory level, maybe then in the government.
• 32:07
  [SPEAKER_00]: again it's just news we're gonna keep bringing it to you guys we're gonna cut this one a little short today just because of the technical difficulties around the sound and some construction we do apologize for that but we appreciate everybody tuning in on a Monday and uh you know the market's ripping right now uh i think Brian and I are gonna try and do something around the fed rate cut on Wednesday if we do oppose it in the uh the youtube post let you know what time we're going live for that.
• 32:32
  [SPEAKER_00]: And then we'll keep everybody apprised for, you know, if there's any huge market movements, again, we'll try and get a second one in later in the week.
• 32:40
  [SPEAKER_00]: But we appreciate everybody tuning in.
• 32:42
  [SPEAKER_00]: I hope they have a great rest of your day.
• 32:44
  [SPEAKER_00]: And until then, we'll talk to everybody later.
• 32:47
  [SPEAKER_00]: All right, have a good day, everybody.
• 32:48
  [SPEAKER_00]: Bye-bye.