Latest / CRYPTO 101 / Crypto Rundown: Macro Volatility Hits Crypto...The Bullish News Under the News Flow

Transcript

Crypto Rundown: Macro Volatility Hits Crypto...The Bullish News Under the News Flow · CRYPTO 101

0:07
[SPEAKER_07]: all right everybody welcome back to the crypto 101 podcast presented by Gemini your bridge to the future of money and we got a good one today a lot honestly a lot to talk about it is one of those episodes where it's not necessarily a fun day as I introduce our guests for the run out day Brian.
0:25
[SPEAKER_07]: A lot of right out there, a lot of volatility, a lot in the news flow on the macro level, which is what we're going to talk about, I'm specifically the macro level, seems to be driving the markets right now, but we do have a ton of specific crypto content.
0:39
[SPEAKER_07]: The New York Stock Exchange is moving toward that 24-7 trading you heard it here first on the podcast a couple months ago when we saw the kind of smoke before fire there, but they're making some big announcements around chain links, you're going to listen to that,
0:55
[SPEAKER_07]: debating with the white house a little back and forth and a Brian might have a take on that uh... and then he talked about the twenty four seven trading for the stock exchange as well uh... jp morgan talking crypto vanguard is talking crypto uh... and then we talked on the episode last week with Brendan about the mister peace bit mind the i personally as somebody as you know uh... then in the content space in a variety of departments uh... think this is really fascinating so i want to hear brines take on that and then of course
1:24
[SPEAKER_07]: update momentum projects meme coins NFTs maybe even some trading card alpha now that we're in the NFL playoffs with Brian He was giving me a little tease maybe for the show, but Brian welcome excited to have you even though it's a red day But how are you my friend?
1:39
[SPEAKER_02]: Amen.
1:39
[SPEAKER_02]: It's great.
1:40
[SPEAKER_02]: Love doing the show with you.
1:41
[SPEAKER_02]: I do remember the last time I was on the run-down show.
1:44
[SPEAKER_02]: I was drinking the cool aid.
1:46
[SPEAKER_02]: I was loving life.
1:47
[SPEAKER_02]: I was like, hey, man, we're going to get to 100k.
1:49
[SPEAKER_02]: We're like 97, 98,000 Bitcoin.
1:53
[SPEAKER_02]: Things were just all falling into place.
1:55
[SPEAKER_02]: But we had a little bit of a pullback here, and I'm not too happy about it, but there's some reasons why.
2:00
[SPEAKER_02]: I think we can really point clear reasons why.
2:03
[SPEAKER_07]: truly not hard to find, but welcome to the chat.
2:05
[SPEAKER_07]: We're live on YouTube.
2:06
[SPEAKER_07]: We got Deb.
2:07
[SPEAKER_07]: We've got crypto low chiming from Florida grants out there a couple others.
2:11
[SPEAKER_07]: We appreciate everybody tuning in.
2:14
[SPEAKER_07]: The first thing we'll pull up, just like Brian said, it's not too hard to figure out what's going on here, but we do want to pull it up.
2:20
[SPEAKER_07]: It is quite the, uh, quite the red day here, um, and it has been across the board for crypto and the markets in general.
2:27
[SPEAKER_07]: I think I haven't looked up, uh,
2:29
[SPEAKER_07]: the in the last hour, but I know the S&P in the NASDAQ was down percent and a half to percent.
2:36
[SPEAKER_07]: Bitcoin down almost five Ethereum down six and a half.
2:40
[SPEAKER_07]: I saw them in narrow as down like 25 will a Fred day, red day, red day and then the fear and greed index is always a lagging indicator like we teach you at neutral 45 or 42 here.
2:52
[SPEAKER_07]: I guarantee you we'll be doing a live on Friday with Brendan unless this turns around quick.
2:57
[SPEAKER_07]: That's going to dip back into the fear, but anything on the coin market cap that you want to take a peek at Brian or just an overall take.
3:05
[SPEAKER_02]: be wolf.
3:06
[SPEAKER_02]: I mean, salon a down almost 12% on the week.
3:10
[SPEAKER_02]: And, you know, that's nothing fundamentally, but obviously when we get some news that's going to affect the macro markets and when we talk about those reasons, the stock markets down, cryptos down, crypto can get hit hard.
3:23
[SPEAKER_02]: And typically the smaller the market cap, the harder it's going to get hit.
3:26
[SPEAKER_02]: We talk about that all the time.
3:28
[SPEAKER_02]: That's been narrow.
3:28
[SPEAKER_02]: You just pointed that out to me.
3:30
[SPEAKER_02]: That's interesting.
3:32
[SPEAKER_02]: I'm not sure if you saw what was going on with Minero because that I do like the privacy coin meta Minero is an interesting coin, but there was like, I think it was like 252 million.
3:41
[SPEAKER_02]: I might be a little bit off that was like hacked And then they were buying Minero to essentially wash it from the privacy side of things So when we saw that big spike in Minero, I thought it had to lot to do with like, you know, a change from Z cash meta over to Minero But it seemed like it was the hackers
3:59
[SPEAKER_02]: that were washing the coins kind of bump the price up.
4:02
[SPEAKER_02]: But nothing, nothing against the project.
4:04
[SPEAKER_02]: Just I just had to point that out.
4:07
[SPEAKER_02]: Overall, we lost 90.
4:09
[SPEAKER_02]: We were holding 90 Bitcoin.
4:10
[SPEAKER_02]: I wasn't feeling too bearish, but 89 looks like we're bleeding out right now.
4:18
[SPEAKER_02]: uh... it could go this is a bit of pivotal couple days of my opinion uh... a lot of news out here we get talked about macro why said i i think we're were starting to bleed and why we did a pretty pretty quick turnaround here this all kind of started sunday night i think sunday night yesterday where we really started to dump and i will go over for through some reasons why
4:39
[SPEAKER_07]: Yeah, first off, it was Martin Luther King Day Monday.
4:42
[SPEAKER_07]: Markets were closed.
4:43
[SPEAKER_07]: We started to bleed into Sunday night, because they still do the futures, but obviously the market's being closed.
4:49
[SPEAKER_07]: The Bitcoin's a good liquidity for people that want to trade and be active 24-7, which again, we're gonna talk about in a second here with the New York Stock Exchange.
4:57
[SPEAKER_07]: But before we do that, we, there's just some macro headlines that we have to cover.
5:01
[SPEAKER_07]: There's a Supreme Court decision around Trump's tariffs.
5:04
[SPEAKER_07]: That thing keeps getting potted into Laid, which I think.
5:06
[SPEAKER_07]: more the more that gets delayed the more I'm like I don't know man that's it it's like people the markets are a forward looking mechanism right and it's like they can take bad news and digest it and the price action happens whether it's down usually it's down with bad news right or it's good news and the market goes up but I think what the market truly hates is not knowing and we're just in this absolute
5:29
[SPEAKER_07]: We'll do chili because it's the winner for those in the north.
5:31
[SPEAKER_07]: The winner out there in Denver, me and my dad.
5:34
[SPEAKER_07]: We always used to do a big chili cookoff for championships on day for football.
5:38
[SPEAKER_07]: So we just got this big chili brewing right now, Brian.
5:40
[SPEAKER_07]: We've got Supreme Court decisions.
5:42
[SPEAKER_07]: We've got Trump talking about Greenland.
5:45
[SPEAKER_07]: He wants to go obviously, you know, just talking about going in and I mean, like we need Greenland.
5:50
[SPEAKER_07]: Well, we'll buy it.
5:51
[SPEAKER_07]: Well, we'll take it over.
5:52
[SPEAKER_07]: It's just, again, the president of being the reality TV show star that he is is really inflaming the world order here of how he's talking about other countries and it's rubbing a lot of people the wrong way.
6:08
[SPEAKER_07]: And then there's this thing that he came out of, we didn't mention on the show yet, but this credit card cap rate, where he said, all credit card companies have to cap their rates at 10% and, you know, again, politics aside, just the business world does not like this at all.
6:24
[SPEAKER_07]: Obviously, these credit card companies make a whole entire business out of charging.
6:29
[SPEAKER_07]: You know, I think right now it's like 20 to 30% some cards and so again, the affordability crisis that we're having in this country is some might say well, capping credit card interest rates will help but what the business side of things in these companies are actually saying is actually this is gonna suck up quote unquote liquidity from the economy because you're not gonna, you're not gonna cap at 10%
6:53
[SPEAKER_07]: rate on somebody who has really awful credit what you're going to do is no longer provide them credit.
6:58
[SPEAKER_07]: So if you do force this in, again, this isn't my thought or analysis or take, this is just what I've been reading and trying to research into this topic was the credit card coming.
7:08
[SPEAKER_07]: Just like if you make this a law, like obviously, well, abide by the law, but it's not going to do what you think.
7:12
[SPEAKER_07]: You think it's going to help the little person pay less interest, but what it's really going to do is we're going to pull the credit from them.
7:18
[SPEAKER_07]: and then these businesses, again, we've showed you the charts how, you know, while assets have been hovering around all-time prices, the debt of this world has been hovering around all-time prices.
7:28
[SPEAKER_07]: So it is a volatile time to just be involved in planet Earth, which sometimes is hard to navigate.
7:36
[SPEAKER_07]: But I think it was important to kind of build that chili pot first Brian, anything stick out to you on what might be affecting this price action.
7:44
[SPEAKER_02]: We're throwing everything into this chili.
7:47
[SPEAKER_02]: We got kidney beans.
7:48
[SPEAKER_02]: We got cayenne pepper.
7:50
[SPEAKER_02]: Everything is getting thrown into this chili right now and it's becoming it's becoming a little bit of a hot mess It might be a little too spicy for everyone out there.
8:00
[SPEAKER_02]: You make some great points with the Supreme Court decisions.
8:03
[SPEAKER_02]: I think it's the third time they've pushed this back
8:07
[SPEAKER_02]: So it's it's it's sorry to frustrate me because I'm like either just don't make an announcement right now or stop making an announcement out of an announcement because the market will react pull the band aid off of you guy do something if not I'm not I'm not exactly sure but I would love to know some clarity behind the Supreme Court
8:25
[SPEAKER_02]: the Greenland stuff.
8:27
[SPEAKER_02]: This started what months ago and I almost thought I did.
8:30
[SPEAKER_02]: I thought it was a joke months ago, right?
8:33
[SPEAKER_02]: Yeah, I was like, yeah, let's buy some countries.
8:36
[SPEAKER_02]: Let's take control of some countries nicely, not out of any like, but now it's becoming an actual talking issue.
8:44
[SPEAKER_02]: We have like, Scott Percent coming out and talking about it.
8:47
[SPEAKER_02]: It makes sense from a military strategic point
8:55
[SPEAKER_02]: They're refusing to sell Greenland or give control to United States, and now Trump pretty much doubled down.
9:02
[SPEAKER_02]: He's like, well, if you're not okay, support it, I'm going to slap 10% tariffs on the EU on February 1st, and if by June 1st you're still not supporting it, it goes up to 25%.
9:14
[SPEAKER_02]: To leverage this Greenland deal.
9:17
[SPEAKER_02]: And I'm not sure.
9:19
[SPEAKER_02]: I don't want to get into politics behind this.
9:20
[SPEAKER_02]: Why we want it.
9:21
[SPEAKER_02]: Why we don't want it.
9:22
[SPEAKER_02]: What would the thought process is behind it?
9:24
[SPEAKER_02]: Because that's not what my expertise is.
9:26
[SPEAKER_02]: But these comments, we saw this happen in the trade war before with like China.
9:32
[SPEAKER_02]: When we're like another hundred percent of not the markets hate that.
9:35
[SPEAKER_02]: They don't like uncertainty.
9:36
[SPEAKER_02]: It's exactly what we're getting with this Greenland stuff.
9:39
[SPEAKER_02]: And we'll see how it all kind of shakes out.
9:42
[SPEAKER_02]: I think Trump's actually speaking tomorrow.
9:45
[SPEAKER_00]: Yeah.
9:45
[SPEAKER_02]: So that's going to be extremely interesting to see what the wild card is going to say in front of the world.
9:51
[SPEAKER_02]: But we've seen this playbook a little bit before.
9:55
[SPEAKER_02]: Where he threatens tariffs until he gets his way.
9:57
[SPEAKER_02]: I have no idea how this is all going to shake out.
10:00
[SPEAKER_02]: But I know as you're threatening our allies for tariffs,
10:03
[SPEAKER_02]: uh... the overall stock market uh... the crypto market especially because it can be more volatile it that it's going to dip it's going to go down it's probably going to see some recovery until we get some sort of either pro or con resolution just so the market understands what's going on seeing the playbook uh... back to the terrors i guess we're kind of approaching uh... ten months i guess from when that happened but
10:26
[SPEAKER_07]: I thought it was really interesting if we remember we called it right on this podcast of kind of picking who is the best mouthpiece to listen to and it was Scott Besson and I saw a clip this is just we didn't have it on the sheet but it just popped in my mind when we're talking about it he had a little snippet of from Davos here saying you know again same thing don't escalate the president Trump has a strategy so let's just hear what he's saying from
10:54
[SPEAKER_04]: Four years in, the Europeans are still financing the war against themselves.
11:00
[SPEAKER_04]: All right.
11:00
[SPEAKER_04]: Let's talk about it.
11:01
[SPEAKER_04]: But what I do want to say is the same thing that I said after liberation day on April set.
11:07
[SPEAKER_04]: There you go.
11:07
[SPEAKER_04]: Anyone take a deep breath.
11:09
[SPEAKER_04]: Do not escalate.
11:10
[SPEAKER_04]: Do not escalate.
11:12
[SPEAKER_04]: And President has a strategy here here.
11:15
[SPEAKER_04]: Hear him out.
11:17
[SPEAKER_04]: And then everything will be fine.
11:20
[SPEAKER_07]: Wait.
11:21
[SPEAKER_07]: I mean, it does seem like, and this is just pure speculation.
11:25
[SPEAKER_07]: It just does seem like that it's just such a new way of leading, we're so used to the White House and the presidential office just being so, so regal in a way, movie-like in a way, and this is not, this is not movies.
11:39
[SPEAKER_07]: This is not going to the theater and the Oscars and the popcorn and you watch the two of our film.
11:43
[SPEAKER_07]: This is reality TV social media style that the running this administration, where it's just staying in the news, new things, curveballs coming every day, there's not one event, it's every single day.
11:54
[SPEAKER_07]: I think that's actually a pretty good thought process of how to think of this, it's not a movie, it's like new age social media in your face reality.
12:02
[SPEAKER_07]: TV almost and I don't know I don't have I mean you can trust him you can not trust if it's hard it's hard playbook it's it's it's why you listen to this show uh and a perfect transition of we we try like we told this on the Brett Brian and I were a little not upset but we're just like man like
12:21
[SPEAKER_07]: we don't want to talk politics like we really don't but this it's just where this industry is right now it's just so just ingrained in the weekly flow of how this industry is going and growing um but let's let's be honest when when Trump took office and we were kind of we were all on board for that Trump trade like hey this is good for crypto the other the other party doesn't seem to be you know about
12:47
[SPEAKER_07]: Want to do this and on the campaign trail Trump's going to the Bitcoin conferences so we kind of all like hey This is good for our industry.
12:54
[SPEAKER_07]: This is good for our bags for lack of a better term and it was after the election day There was a huge shoot up in Bitcoin We've covered the Coinbase stock the Robinhood stock all the other you know Bitcoin stocks did really well However since he's taken office I believe it was one year one year ago to the day almost and and I'm gonna bring this up just to keep we got to keep everybody honest like we had some commenters like
13:17
[SPEAKER_07]: And again, because it's such a polarizing issue that we try not to be political of like these are political beliefs.
13:23
[SPEAKER_07]: We're just trying to tell the story of crypto and be a crypto community for everybody.
13:27
[SPEAKER_07]: And that's where it was.
13:28
[SPEAKER_07]: And it maybe it came across as positive Trump.
13:31
[SPEAKER_07]: But let's let's pull up the scoreboard now because it certainly is not.
13:35
[SPEAKER_07]: And for all those people that criticize us like,
13:37
[SPEAKER_07]: Hey, I'll say it like this is it's not working right now a year to the date Bitcoin down 13% eftown five sold down 50% we remember the mean coin craze on the bottom there you see Malania down 98.8% and Trump point down 82% you know I just take your pick there and so
13:57
[SPEAKER_07]: I think we've told this credit to me.
14:00
[SPEAKER_07]: Great take was if you want to win the midterms, if you want the crypto vote, which they leaned heavily on for the election, if you want that in the midterms, you've got to turn this story around, because this is going to start grinding.
14:12
[SPEAKER_07]: It already is grinding people.
14:14
[SPEAKER_07]: We're in the industry.
14:15
[SPEAKER_07]: We see it, and it's going to keep grinding people down.
14:18
[SPEAKER_07]: And if you can't turn this story around as a whole,
14:21
[SPEAKER_07]: Like, don't don't come tapping on the crypto industry for your votes, but any any quick hot takes there Brian.
14:29
[SPEAKER_02]: I mean, you nailed it.
14:30
[SPEAKER_02]: We're down and we're kind of down bad since this all went down about a year ago.
14:36
[SPEAKER_02]: Now we've seen our fair share of high points and you know, had our own celebrations and we had some opportunities to get out with some major profits.
14:44
[SPEAKER_02]: I'm still more bullish on the crypto industry than ever.
14:47
[SPEAKER_02]: Just when everybody knows that, I think there's a lot of reasons why to be extremely bullish.
14:52
[SPEAKER_02]: We're going to talk about it.
14:53
[SPEAKER_02]: But
14:54
[SPEAKER_02]: Fact is is that prices are down right now and I do think this the one thing is the the past administration They the big knock on them is that they weren't doing anything.
15:04
[SPEAKER_02]: They just nothing was happening We're just the feet stuck in the water just another 40 years now.
15:09
[SPEAKER_02]: It does feel like Trump's just doing all the things
15:12
[SPEAKER_02]: we're cutting credit card rates, we're buying countries, we're taking over, I mean it's just there's a lot going on right now, but the market's down and I agree with you is the midterms are going to be a big point upcoming and if you want support from the crypto industry or just overall the financial markets,
15:33
[SPEAKER_02]: Unless you're in gold and silver right now, heavy, you're probably feeling some pain.
15:38
[SPEAKER_02]: And I want to be like, man, they have a plan.
15:43
[SPEAKER_02]: They have a path here for us to succeed.
15:46
[SPEAKER_02]: We know this can turn around pretty quickly as well.
15:50
[SPEAKER_02]: This greenland stuff and just all the other items that we're going to talk about, it is only a couple pieces of news that could come out to really turn the market very bullish
16:04
[SPEAKER_07]: right and I don't want I think you teed up perfectly we still are bullish and that's kind of the part of the show where it's like hey we're getting all this out of the way just to say like if you don't think if you don't think I'm excited about where Bitcoin is at and starting to do my weekly buys like me and Brendan talk about all the time is
16:23
[SPEAKER_07]: There's there's just too much data to be like, all right, if you want to throw in the town now, you can, but then there's there's tons of positive news data.
16:30
[SPEAKER_07]: I'm going to bring up some Bitcoin stats.
16:32
[SPEAKER_07]: We've got a chain link stuff with 24 seven trading in this tokenization of the quote, quote, quote, the world.
16:38
[SPEAKER_07]: Coming on Shane seems to be the playbook of like, okay, well, what projects are actually going to bring utility to that happening and how can we take advantage?
16:47
[SPEAKER_07]: Let's pull up the Bitcoin stat here.
16:49
[SPEAKER_07]: So I thought this one was really fun.
16:51
[SPEAKER_07]: This is the first time in history that Bitcoin valuation against gold hits an RSI of 30 happened in the 2015 bear market 2018 2022.
17:01
[SPEAKER_07]: I can enlarge this a little bit.
17:03
[SPEAKER_07]: It's just kind of it's high lengths.
17:04
[SPEAKER_07]: You see the green, if you zoom in there, you can see the green, the green, the green on those is this is when the RSI hits 30 for Bitcoin valuation of gold.
17:14
[SPEAKER_07]: Over Bitcoin's timeline, it's like, okay, gold runs up and then Bitcoin catches up.
17:19
[SPEAKER_07]: So, you know, geez, gold and silver's been on absolute tear, but at what point,
17:25
[SPEAKER_07]: We'll Bitcoin catch up.
17:26
[SPEAKER_07]: How violent will it be?
17:27
[SPEAKER_07]: And I saw somebody kind of discussing it.
17:29
[SPEAKER_07]: It's like, it's not even a catch up trade as much as if it would be like a repricing.
17:35
[SPEAKER_07]: And so when this does happen again, we don't have a crystal ball, but like if this does happen, it's not it's not a slow catch up.
17:41
[SPEAKER_07]: It's more just saying, okay, this is a repricing.
17:44
[SPEAKER_07]: So I thought that was a fun, a fun stat.
17:47
[SPEAKER_07]: And then this came out the other day.
17:49
[SPEAKER_07]: New York Stock Exchange is building its 24-7 trading, which we've talked about on the program before, but it looks like they're going to partner and use chain link for it, which I think is a huge vote of confidence for chain link.
18:01
[SPEAKER_07]: And some really interesting news just around how fast, the NYSE seems to be going forward to this.
18:09
[SPEAKER_07]: I know we've talked about it before, but when they start choosing projects to build on top of it, you can tell it's kind of in the motions.
18:18
[SPEAKER_02]: This news is huge in my opinion.
18:20
[SPEAKER_02]: We have the New York shock exchange where the biggest financial players of the entire world and they're going on chain.
18:26
[SPEAKER_02]: I mean, there couldn't be a bigger vote of confidence for crypto.
18:30
[SPEAKER_02]: Now, there is this other side of this discussion where I've heard people argue that if stock to 247 is that going to hurt or replace crypto,
18:40
[SPEAKER_02]: I think I'm a strong know there and I don't want to spend the entire rundown talking why, but I think the key point here is very important.
18:49
[SPEAKER_02]: It's a New York shock exchange.
18:51
[SPEAKER_02]: It is starting to echo the same vibe of what we've always said in crypto.
18:56
[SPEAKER_02]: 24-7 trading on chain metrics.
18:59
[SPEAKER_02]: Transparency.
19:02
[SPEAKER_02]: They're moving forward.
19:03
[SPEAKER_02]: What blows my mind?
19:05
[SPEAKER_02]: I saw this chain link news.
19:07
[SPEAKER_02]: I'm a big fan of chain link.
19:08
[SPEAKER_02]: I think it's a very interesting coin.
19:11
[SPEAKER_02]: It's something I personally hold.
19:13
[SPEAKER_02]: But it's down 5% on this news.
19:16
[SPEAKER_02]: In better market conditions, this suckers up 40% a year ago, so you can see how big this overall macro news can really just depress even the most bullish headlines out there.
19:30
[SPEAKER_07]: I agree and I think that what was going on I'm sorry I didn't tee up what is happening in Davos this week.
19:38
[SPEAKER_07]: It is the world economic forum so it's all the richest of the rich people and the businesses and the banks and the politicians are all getting together.
19:48
[SPEAKER_07]: Um, to have this conference and it's a big amount.
19:51
[SPEAKER_07]: I call it mouthpieceing.
19:52
[SPEAKER_07]: It's just everybody has their speeches like you said Trump is tomorrow, but um, I think we have another clip here talking about token.
20:01
[SPEAKER_07]: Yeah, so the tokenization of stocks is good for crypto.
20:05
[SPEAKER_07]: It's Brian Armstrong who has been jockeying if you will with the White House recently over the crypto bill which we covered last week, but let's see what he is talking about in regards to tokenization.
20:15
[SPEAKER_00]: If everybody can do the same thing, what happens in the end?
20:19
[SPEAKER_00]: Um, customers win.
20:21
[SPEAKER_00]: New York Stock Exchange just announced it yesterday, uh, a new platform, but I imagine we'll compete with you to some degree, a new tokenized platform.
20:29
[SPEAKER_00]: Everybody seems to be introducing all sorts of programs that frankly look a lot like things that Coinbase does and I wonder just what you think the whole industry looks like, you know, a year or two or three from now in terms of what you're doing relative to whatever everyone's doing.
20:43
[SPEAKER_00]: And by the way, at the same time, you're trying to get into everybody else's business.
20:45
[SPEAKER_01]: Yeah.
20:46
[SPEAKER_01]: Well, I mean, I was thrilled to see that.
20:47
[SPEAKER_01]: I think New York Stock Exchange announcing their interest in tokenized equity is just one more data point.
20:52
[SPEAKER_01]: The crypto is updating the financial system and we want everyone to be able to do that and make our capital markets more efficient.
20:58
[SPEAKER_00]: But does it taste a vote away from everybody's business?
21:01
[SPEAKER_00]: If everybody can do the same thing, what happens in the end?
21:05
[SPEAKER_01]: customers win with competition.
21:08
[SPEAKER_01]: I mean, we shouldn't have policies being created in the United States that favor one set of companies over another.
21:15
[SPEAKER_01]: There should be clear rules of what's allowed what's not and then everyone competes.
21:17
[SPEAKER_01]: That's how the customer benefits.
21:19
[SPEAKER_07]: actually really like that sound bite to be honest because it kind of goes back to how you know some of these old guards especially the brokerages just haven't they haven't innovated and we've kind of especially as a crypto industry we've you know bash a little bit more van guard maybe than the others because they were really outspoken about the Bitcoin ETFs
21:37
[SPEAKER_07]: But we've talked on this program about even just their UI, like, yeah, you know, like these, some of these UI's haven't changed in 10 years, 15 years, and they're slow.
21:46
[SPEAKER_07]: And then so you have, you know, the coin bases of the world, the robinodes of the world, the weebles, like they're, they're bringing in fresh ideas.
21:53
[SPEAKER_07]: They're bringing in fresh UI's and they're growing with the times.
21:57
[SPEAKER_07]: like we you know we're all on our phones 24 seven so and you know the whole reason because of that is the UI is intriguing to to play with and be around whether it's games or content or anything like that's why the phone is so addicting and so these experiences with the money managers just feels like a picture of an old man in a tuxedo with a pipe you know just smoking and
22:25
[SPEAKER_07]: And so, you know, again, obviously Brian Armstrong once coined base to win the battle and have its, you know, be really successful and make all the money, but, but I agree with saying like, hey, like we want rules of the road here for everybody to be competitive because that's at the end of the day.
22:41
[SPEAKER_07]: That's what a free market is.
22:44
[SPEAKER_02]: Well said, I mean, you absolutely nailed it.
22:46
[SPEAKER_02]: And, you know, Brian, I've been popping up on the feet and the news quite a bit recently around the Clarity Act and obviously the market structure bill which kind of go hand in hand and how that's been.
22:59
[SPEAKER_02]: delayed and there's certain crypto industry leaders that want to still support the clarity act where it stands, but Armstrong gets come out and you know basically pulled support and I think that really ticked off the White House as well it seemed like to the point where Brian White House and Brian Armstrong had to go on Twitter and say no we were having great conversations I think it'll be a resolution but it sounds like the White House is kind of upset that Coinbase is pulling
23:24
[SPEAKER_02]: I I don't know enough details.
23:27
[SPEAKER_02]: I know a lot about it.
23:28
[SPEAKER_02]: I don't know enough details of the inner workings.
23:31
[SPEAKER_02]: I know it's around the stable coins in the yield and I'm I'm four yield in stable coins.
23:36
[SPEAKER_02]: And I think Brian Armstrong probably has the crypto crypto users, you know, he's representing us in an interesting way.
23:44
[SPEAKER_02]: But I see a lot of pro crypto people still supporting this.
23:48
[SPEAKER_02]: clarity act.
23:50
[SPEAKER_02]: I think that's another reason why we're seeing this price go down is that we're we're seeing a lot of uncertainty around the clarity act.
23:59
[SPEAKER_02]: And now we're having arms strong in the White House kind of go back and forth and this is happening in real time.
24:04
[SPEAKER_02]: We talk about it all the time.
24:05
[SPEAKER_02]: We literally see this news happening in front of us as it's going on in the price
24:12
[SPEAKER_02]: So I don't know, but that clip from Brian Armstrong was great and I'm pretty hopeful that we get everything worked out in this part of negotiating tactics, but we'll see.
24:24
[SPEAKER_07]: Well, if you peel back the onion layer by layer by layer, it starts to get more or bullish the more you peel back in my opinion, the surface layer is a little hectic and volatility, especially the macro layer.
24:34
[SPEAKER_07]: That's the first layer of this provisional onion and you keep peeling it back and peeling it back and I just continue to see bullish things and more adoption, which we're going to get to in a second.
24:44
[SPEAKER_07]: But I did want to give a shout out to everybody in the chat again.
24:46
[SPEAKER_07]: We have a friend from London, crypto.
24:49
[SPEAKER_07]: I've this crypto low all the way from London.
24:51
[SPEAKER_07]: That's unbelievable.
24:53
[SPEAKER_07]: to you all the way from London.
24:55
[SPEAKER_07]: Thank you guys, crypto lows, and here ask some questions.
24:57
[SPEAKER_07]: We'll get to the questions at the end.
24:59
[SPEAKER_07]: So pile them in there and also give it a like and subscribe if you're new.
25:03
[SPEAKER_07]: It really helps us grow the channel and we'll get to your questions at the end.
25:07
[SPEAKER_07]: Um, I mean, for this year,
25:10
[SPEAKER_07]: Our friends at Bitwise are saying that 99% of financial advisors who allocated to crypto in 2025 plan to increase or maintain their exposure.
25:21
[SPEAKER_07]: So we pulled this tweet from at Hogan.
25:23
[SPEAKER_07]: And again, this is research from our Bloomberg friends.
25:28
[SPEAKER_07]: Only 1% is looking to decrease.
25:30
[SPEAKER_07]: So again, there's more money coming in.
25:33
[SPEAKER_07]: And I had a second.
25:34
[SPEAKER_07]: Let's see.
25:35
[SPEAKER_07]: Let's run down these links here.
25:37
[SPEAKER_07]: The other one was J.P. Morgan, you love it.
25:40
[SPEAKER_07]: Jamie, Jamie, crypto diamond, your guy for, you know, they're saying that, hey, crypto inflows are likely to rise to more than 130 billion dollars a year.
25:51
[SPEAKER_07]: That's J.P. Morgan.
25:52
[SPEAKER_07]: Again, this is all stuff that's happening this week.
25:55
[SPEAKER_07]: This is all news that's coming up this week and the face of all this volatility.
25:59
[SPEAKER_07]: So it's hard not to continue to be bullish.
26:01
[SPEAKER_07]: I know at the top of the show a lot of people.
26:03
[SPEAKER_07]: And Brian kind of tried, you know, real did in is like, I like all this negativity, but we're still bullish.
26:08
[SPEAKER_07]: This is why these are the breadcrumbs that are leading us to this type of conviction.
26:14
[SPEAKER_07]: And none other than Vanguard, the one thing we just did on, I mean, Vanguard is for its value index fund is now buying micro strategy, which we always thought didn't make any sense.
26:26
[SPEAKER_07]: You couldn't go on and buy the Bitcoin ETFs.
26:29
[SPEAKER_07]: They wouldn't even do, you know, have them, but that their holders had huge, huge holdings of Vanguard as a clearinghouse.
26:36
[SPEAKER_07]: They had tons of shares of Vanguard.
26:38
[SPEAKER_07]: And now they're buying them for their value index fund.
26:43
[SPEAKER_07]: Again, the bread crumbs are there, maybe not at a macro level, which again is kind of keeping us down here, but that's what I found for this episode, Brian of bullish takeaways.
26:56
[SPEAKER_07]: Any thoughts?
26:57
[SPEAKER_02]: No, I think it's just us, we say it all the time.
27:00
[SPEAKER_02]: It's us zooming out a little bit, realizing our financial advisors, wealth managers, institutions.
27:06
[SPEAKER_02]: I mean, they're still very interested, and they're still buying the crypto Bitcoin, Ethereum, Solana.
27:13
[SPEAKER_02]: We're seeing a lot of interest there.
27:15
[SPEAKER_02]: We have the 401k allocations that are good come about.
27:19
[SPEAKER_02]: So when you zoom out, we're just so reactionary in the crypto world.
27:24
[SPEAKER_02]: And it's just what I was saying earlier is that we get this news, just shove down our throat that we're raising the, we have a tear for incoming because Europe isn't on board with us buying Greenland.
27:37
[SPEAKER_02]: So of course the prices go react, but when you zoom out and take a step back, you look stock exchange is going on chain 24 seven.
27:44
[SPEAKER_02]: They're embracing crypto.
27:45
[SPEAKER_02]: money manager, financial advisors, I got some really close friends.
27:49
[SPEAKER_02]: That I've asked them three years ago, they're thoughts on Bitcoin, they're financial planners, and money managers.
27:54
[SPEAKER_02]: They would laugh at my face.
27:56
[SPEAKER_02]: Now each and every one of them pretty much has some sort of exposure or I know they're looking to get exposure or at least when we talk.
28:02
[SPEAKER_02]: They have a sincere interest in learning more because they're getting educated by their firms about why crypto in blockchain is going to be a disruptive technology.
28:12
[SPEAKER_02]: So it's tough.
28:13
[SPEAKER_02]: Nobody loves volatility in the moment because it's gross.
28:17
[SPEAKER_02]: You know, we're down 5% of the chain link, but they send a huge partnership with New York.
28:21
[SPEAKER_02]: It doesn't make any sense.
28:23
[SPEAKER_02]: But this will all, this will all come out in the wash and things are going to be a lot more bullish down the line than they are today.
28:31
[SPEAKER_02]: But we can just see this.
28:32
[SPEAKER_02]: This is what we do.
28:33
[SPEAKER_02]: This is why we break it down.
28:34
[SPEAKER_02]: And this is why we have to keep a level head when we get opportunities to buy
28:43
[SPEAKER_07]: Yeah, and speaking of zooming out credit to friend of the show Ziggy at Ziggy always Just randomly.
28:50
[SPEAKER_07]: I think this was Sunday night.
28:52
[SPEAKER_07]: What's the time stamp here?
28:53
[SPEAKER_07]: 18.
28:54
[SPEAKER_07]: So yeah It was Sunday night when the future's open when we said the top of the show and everything started tankin He just he just tweets at us went and down zoom out by the dead boys.
29:04
[SPEAKER_07]: That's great So the shout out Ziggy as we do shit do say on the show a lot When in doubt you zoom out.
29:11
[SPEAKER_07]: That's how it works
29:14
[SPEAKER_07]: I wanted to get Brian's take on the Mr.
29:16
[SPEAKER_07]: Beast thing.
29:16
[SPEAKER_07]: So if you listen to our episode last week with Brendan, hit mine, invested in two beast industries, which was quite fascinating to hear, break down, just to keep covering the big coin.
29:30
[SPEAKER_07]: I mean, it's like automatic at this point.
29:32
[SPEAKER_07]: We don't even really talk about it that much, but bit mine, I believe, is about 75%.
29:38
[SPEAKER_07]: to their way, to collect and buy and hold 5% of the Ethereum supply.
29:45
[SPEAKER_07]: They're about 75% of the way they're, they're staking it, they bought more this week as they seem to every week.
29:52
[SPEAKER_07]: But I wanted to get your take on the Mr.
29:54
[SPEAKER_07]: Beast thing.
29:55
[SPEAKER_07]: I just find it fascinating from a content creator perspective.
29:58
[SPEAKER_07]: Obviously, he has these kind of goals.
30:01
[SPEAKER_07]: It sounds like to get into the finance industry.
30:03
[SPEAKER_07]: That's not a secret anymore.
30:04
[SPEAKER_07]: But, um, bit mind coming in and getting a stake and what, what are your thoughts off the jump there, bro?
30:11
[SPEAKER_02]: Yeah, what was it like a $200 million equity investment in the Beast Industries, right?
30:15
[SPEAKER_02]: Yeah, this was big news in my opinion.
30:18
[SPEAKER_02]: I love this.
30:19
[SPEAKER_02]: I know Mr.
30:20
[SPEAKER_02]: Beast, the file, it's like you said, it's pretty public about like Beast financial services and he's talking about rolling out a crypto wall and doing a lot of things in the world of crypto.
30:29
[SPEAKER_02]: And that should just make everyone right there very bullish on crypto on the long term, because we want the biggest content or creators in the world with hundreds of thousands, millions of views.
30:39
[SPEAKER_02]: That's excited for the world of crypto.
30:42
[SPEAKER_02]: Then we got good old Tom Lee.
30:45
[SPEAKER_02]: What yeah, you said 75% Yeah, I think I read they bought like 110 million dollars with the Ethereum 100 million dollars a week They're like 3.5% Ethereum and now they're taking some of their money and they're investing it into one of the biggest content creators Of all time probably the biggest content creator of all time so just with his massive audience in mainstream for crypto adoption
31:09
[SPEAKER_02]: I would love to know some details behind it.
31:12
[SPEAKER_02]: I know Mr.
31:13
[SPEAKER_02]: Beast, there's been a lot of rumors about what he's trying to build in the crypto world.
31:18
[SPEAKER_02]: I'm certainly going to be paying attention because I think this just goes to show another reason why we're bullish on this long term.
31:25
[SPEAKER_02]: That's a big investment.
31:27
[SPEAKER_02]: I know Tom Lee likes the $300 million around, but $200 million to a content creator.
31:32
[SPEAKER_02]: is a huge investment.
31:34
[SPEAKER_02]: What are your thoughts?
31:35
[SPEAKER_02]: I missed the show on Monday, so I don't know.
31:37
[SPEAKER_07]: Man, I just think that him being the biggest creator in the world, that's that was shocking.
31:45
[SPEAKER_07]: I didn't know this, but it was like, he gets more views in a month than the Super Bowl.
31:49
[SPEAKER_07]: So every month he gets a Super Bowl.
31:52
[SPEAKER_07]: Yeah.
31:52
[SPEAKER_07]: crazy and so I mean I think there's it's a two way street.
31:56
[SPEAKER_07]: I definitely don't think it means like oh my god like Ethereum's going to 10k tomorrow on this news.
32:00
[SPEAKER_07]: I think this is a slow burn almost like a fuse.
32:04
[SPEAKER_07]: I think this is a long fuse and if this works out and it's just like any business venture it could work.
32:10
[SPEAKER_07]: It could not but if this is something that if beast industries and beast financial is going
32:17
[SPEAKER_07]: You know, to try to do that, it's kind of like how X has been saying that X wants to do payments and X wants to do investing and all that.
32:23
[SPEAKER_07]: So it's like, how many of these will actually come up and be a player.
32:26
[SPEAKER_07]: It's hard to say, but if it does work in some way, it's hard not to think that a discussion, like two, again, 200 million dollars is just something you throw around like,
32:35
[SPEAKER_07]: that's sitting down and going through investor presentations and decks and you're sitting down with a lot of people that manage this type of capital and you're having these conversations of what's the future and so we're not privy to those conversations obviously we don't have a stake in this company but when you're talking about what is to come with this investment
32:54
[SPEAKER_07]: How could it not be based around building something on Ethereum right like that's just kind of the natural flow of like what I think that investment conversation was like I don't think Bitmind goes in and it could be again We do not know we don't have the transcripts of these conversations, but if Tom Lee sits down with Jimmy and his team and he's like, oh, yeah We want to build the next financial system on Solana like I don't think
33:18
[SPEAKER_07]: bitmines giving them $200 million.
33:20
[SPEAKER_07]: I think the conversation was around Ethereum and then I do have a little nugget here that I didn't prep you for, but I'm sharing this tab now, is that a fascinating retweet by Tom Lee from Chomoth, Chomoth from the all the all-in-podcast, like again a huge
33:36
[SPEAKER_07]: billionaire, you know, entrepreneurial multiple times over has been on everything from shark tank to have all-in podcast.
33:42
[SPEAKER_07]: No more business podcasts in the entire world is now saying, oh wow, it's so interesting that all this talk about beast industries is happening.
33:51
[SPEAKER_07]: Oh, by the way, I haven't really talked about this, but five years ago I invested in a series A that created beast, beast industries by bringing together all of Jimmy's various business interests under one in Brella.
34:03
[SPEAKER_07]: the beastables or the feastables or whatever they're called.
34:07
[SPEAKER_07]: The chocolate bars, the YouTube's, the this and the that, the Walmart partnerships.
34:11
[SPEAKER_07]: All that, oh, Trimoth randomly, apparently invested in this five years ago and he hasn't talked about it.
34:17
[SPEAKER_07]: So again, throw another huge big time investor.
34:20
[SPEAKER_07]: But I think the most important thing is I find it really fascinating that the last five years,
34:26
[SPEAKER_07]: I don't think this is necessarily connected as like Mr.
34:29
[SPEAKER_07]: Beast is, you know, producing the all-in podcast.
34:32
[SPEAKER_07]: But it is really interesting that that podcast is grown so much over the last five years and he's also invested in a YouTuber.
34:38
[SPEAKER_07]: Like, this content thing is, I've been saying this for years, which is why, you know, I was out in Hollywood and transition into the social media YouTube thing ended up at Barstall.
34:48
[SPEAKER_07]: I kind of saw where the puck I thought was going and it worked out.
34:52
[SPEAKER_07]: But this is where the puck's going.
34:54
[SPEAKER_07]: our president is reality start TV like it's all we thought it's like I'm serious we talked about it this episode early it's like guys this is where the pucks going if you're gonna sit there but go the YouTube guy wants to you know have a financial services here right oh the Twitter guy you know wants to turn it into a bank yeah right I'm like I don't know man
35:13
[SPEAKER_07]: these banks, these traditional guards, the old guard, might have been caught on their heels a little bit of where the future's going, how fast it's going.
35:22
[SPEAKER_07]: And so again, Tom Lee, huge megaphone and the investors, Jamoth, huge megaphone with the number one business podcast in the world that
35:29
[SPEAKER_07]: That podcast also has the cryptosar and AI's are on it right like start connecting the pieces of the puzzle and I know this was a little bit of a long ran I didn't necessarily have a plan.
35:40
[SPEAKER_07]: I was just connecting the dots in my head.
35:41
[SPEAKER_07]: It's like this is fascinating for this crypto storyline again The fuses long you know when will it be lit and how long will it take to go to blast off But if all those pieces connect of all these people that are huge investors control a lot of capital and then have this reach of influence
35:59
[SPEAKER_02]: it's it's a quite a story line this is why the MVP of the company this is why the MVP man you know it we talk about this a lot offline of how important you are because contents king people come to view content now through I mean how often do we talk about like hey we saw Bitcoin price or this news on CNN or CNBC
36:25
[SPEAKER_02]: Speaking never, we're like, oh, we found this great thread from Chumoth or Tom Lee on Twitter.
36:31
[SPEAKER_02]: Content is king right now.
36:33
[SPEAKER_02]: This is a huge investment and I love this move by Bitmind and Mr.
36:39
[SPEAKER_02]: Beast.
36:40
[SPEAKER_02]: I think it's just like, if there's ever a day that you're just like,
36:43
[SPEAKER_02]: Is this crypto thing really not going to work out?
36:46
[SPEAKER_02]: Like if you really have that go through your mind, you need to just kind of take a step back and be like, wait a minute.
36:51
[SPEAKER_02]: Like yes, yes, it's going to work out.
36:53
[SPEAKER_02]: It's going to be volatile, but there's a lot of smart will.
36:59
[SPEAKER_02]: well off very educated people that are doubling and tripling down on this.
37:04
[SPEAKER_02]: So seeing this $200 million investment from BMA or BitMine into Mr.
37:09
[SPEAKER_02]: Beast and then finding out that Chamoth was, you know, paying now $45 million or five years ago to help grow the business as well, just as a great point of why you're the MVP of the company.
37:21
[SPEAKER_07]: And I appreciate that.
37:22
[SPEAKER_07]: It's too kind, but I'll tell you else is the MVP.
37:24
[SPEAKER_07]: It's the absolute viewers on our live.
37:26
[SPEAKER_07]: We didn't promote it today to our email chain.
37:29
[SPEAKER_07]: So it's a huge attendance.
37:31
[SPEAKER_07]: That's all right.
37:32
[SPEAKER_07]: That's all I came in came and miss communicated.
37:34
[SPEAKER_07]: We'll do it later this week and we'll get a big audience in here.
37:36
[SPEAKER_07]: But we do have people and it's just been growing nonstop.
37:39
[SPEAKER_07]: I'm looking at the chart Brian.
37:41
[SPEAKER_07]: It's up into the right.
37:42
[SPEAKER_07]: Unlike the markets today, our viewers.
37:45
[SPEAKER_07]: We really appreciate you.
37:46
[SPEAKER_07]: They seem to have liked that rant about Mr.
37:49
[SPEAKER_07]: Beast and Bitmind.
37:50
[SPEAKER_07]: So give us a thumbs up, subscribe, and now it's time, you know, when you attend and why you attend for one Brian's here is the momentum money makers and FTE meme coins, all the fun stuff.
38:00
[SPEAKER_07]: We need an update from our guy Brian.
38:02
[SPEAKER_07]: It is time for that.
38:03
[SPEAKER_07]: And if you're interested in more and you want to learn more about their first alerts, check out the link below.
38:07
[SPEAKER_07]: It's for the momentum money makers.
38:09
[SPEAKER_07]: I put a link there for everybody.
38:10
[SPEAKER_07]: to get more information about Brian and Joe's private community.
38:13
[SPEAKER_07]: But Brian, let's start it off with a little little footy, a little footy.
38:17
[SPEAKER_07]: We got, I mean, Pengo, one isn't not in the news, pairing up with Premier League's man's city.
38:24
[SPEAKER_02]: Yeah, Manchester United or Manchester City.
38:27
[SPEAKER_07]: Oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no
38:41
[SPEAKER_02]: But no, no, just a city.
38:43
[SPEAKER_02]: I mean, yeah, when aren't they in the news?
38:45
[SPEAKER_02]: What we need is the price of Pengu to go up.
38:49
[SPEAKER_02]: But again, the best, the best comparison I can give everyone right now is the New York Stock Exchange made a huge announcement with Chainlink.
38:58
[SPEAKER_02]: A crypto that is well-vetted, bit out for years and years and years and years.
39:03
[SPEAKER_02]: uh is is one of the most part of the cryptos in the entire book.
39:06
[SPEAKER_02]: They make this huge announcement about how they're integrating with chain link in their down 5%.
39:12
[SPEAKER_02]: Makes no sense.
39:14
[SPEAKER_02]: Just as long as whoever from the Pudgy Penguin team is listening, if you're listening, just keep doing what you're doing because I know this is getting pop off at the right time.
39:22
[SPEAKER_02]: They're much bigger than a meme coin I say at all the time.
39:26
[SPEAKER_02]: Love to see this partnership.
39:28
[SPEAKER_02]: But
39:29
[SPEAKER_02]: We need to get this green wind and clarity acting the back seat and off to the races for to really take off.
39:36
[SPEAKER_07]: Yeah, our friend, our friend from London said be careful, Brian.
39:41
[SPEAKER_02]: Yeah, my bad, my bad there.
39:44
[SPEAKER_02]: Maybe he can vouch for me whenever I'm in London, be like, this guy doesn't know anything.
39:48
[SPEAKER_07]: I got some plugs.
39:49
[SPEAKER_07]: I got some plugs in the arsenal camp.
39:51
[SPEAKER_07]: I'll tell him that you're good.
39:52
[SPEAKER_07]: They won't catch it.
39:53
[SPEAKER_07]: They won't catch it.
39:54
[SPEAKER_07]: That's so good.
39:55
[SPEAKER_07]: All right, next news up, Polybarket is at all time high.
39:59
[SPEAKER_07]: Something that, again, it was you.
40:00
[SPEAKER_07]: You were the one of the first ones to be in this betting market stuff and saying that this was a super cycle.
40:05
[SPEAKER_07]: And it most certainly is, oh, my gosh.
40:08
[SPEAKER_02]: I mean, this is a bigger, super cycle than I was even imagining.
40:12
[SPEAKER_02]: I knew, I knew them integrating with sports as gay be big.
40:16
[SPEAKER_02]: I knew that we all knew that like an election times are going to be big, going into mid-terms
40:23
[SPEAKER_02]: But it's continuing to just dominate new cycles as well.
40:28
[SPEAKER_02]: I'm looking forward to this polytoken.
40:30
[SPEAKER_02]: I know we haven't had a lot of, we've heard there's CMO mentioned it several times, even recently, but we have no clear indication when that's happening.
40:39
[SPEAKER_02]: But as you can see, Google search is up for Pauling Market.
40:42
[SPEAKER_02]: I like the Google search like,
40:45
[SPEAKER_02]: metrics.
40:46
[SPEAKER_02]: I think it's a very interesting metric.
40:48
[SPEAKER_02]: I know a lot of people can knock it, but I think it gives a good sentiment of what people are thinking, what people are talking about, and then to just double down on that, I've had more questions about Pauli Market over the past few days than have had since the election, just from Normie's, like, my dad was asking me, hey, what's this Pauli Market stuff?
41:06
[SPEAKER_02]: I was like, thanks for tuning into the rundown, dad.
41:09
[SPEAKER_02]: But, uh,
41:10
[SPEAKER_02]: It's, it's, it's very interesting.
41:12
[SPEAKER_02]: It's continuing to grow.
41:13
[SPEAKER_02]: I even threw a link in down below there because we've seen some fluctuation with the clarity act here and it was a, it was a show.
41:22
[SPEAKER_02]: It's a rundown show when you and Brendan were on and you guys were talking about the clarity act being signed in 2020, six dipped all the way to 19% and I'm over here working on my one monitor.
41:32
[SPEAKER_02]: Her, you guys say that.
41:34
[SPEAKER_02]: And I'm like, wait, why?
41:36
[SPEAKER_02]: And I jumped over to Pauli Market, not finding extra advice by put my own wage on it, 19%.
41:40
[SPEAKER_02]: I'm still up on that trade and we did, we bounced back to like an 80% chance, but now we're back down to 40.
41:47
[SPEAKER_02]: So, feels low to me, but I get it with like, you know, the back and forth between the White House and Brian Armstrong.
41:55
[SPEAKER_02]: I guess we are more of a coin flip with this right now, but hats off to you and Brendan calling this out live.
42:00
[SPEAKER_07]: Yeah, you know, a couple people at beer.
42:02
[SPEAKER_07]: You know, some people in London at beer, you know, you had Brendan at beer.
42:05
[SPEAKER_07]: I remember that episode, well, it was just like, yeah, I mean, 19% I would take that action.
42:10
[SPEAKER_07]: That's going to move back, probably.
42:12
[SPEAKER_02]: You got this all over it.
42:13
[SPEAKER_02]: Hey, why don't you do it?
42:15
[SPEAKER_02]: Can I make that out of here?
42:16
[SPEAKER_07]: Again, I don't know.
42:17
[SPEAKER_07]: If there's people really like the sports stuff, maybe we could mix it into the show more, but there was a hot buy after that bonus industry for Patriots, the Super Bowl that I gave out on the betting markets as well.
42:29
[SPEAKER_07]: private text chat with you and and the guys uh the office so uh yeah i mean just again another another resource to use just for whether you're gathering news or you want to place wagers um our manager risk there's a lot going on there um i i've also seen pump fun on the timeline the pump fun kind of the tokens bouncing around it's back but the people are trying to build what you got
42:53
[SPEAKER_02]: Yeah, the pump fund stuff's really interesting.
42:55
[SPEAKER_02]: This is Alan, who just made an announcement here that they're now, I think it's $3 million.
43:02
[SPEAKER_02]: Yeah, $3 million in a coin start-ups back into their own platform.
43:06
[SPEAKER_02]: So it sounds like, I don't want to say they're moving away from meme coins, but it's interesting that they're introducing this $3 million build in public hackathon.
43:17
[SPEAKER_02]: So they want to bring this pump on the $3 million for people to build in public, posted on Twitter, do whatever they can.
43:24
[SPEAKER_02]: They're even incentivizing people to stream more, utilizing the pump,
43:30
[SPEAKER_02]: Interesting to see because I think pumped up fun is still a really interesting platform.
43:35
[SPEAKER_02]: I love to see that they're starting to
43:38
[SPEAKER_02]: I think that's out of the box, out of just meme coins, and then we're going towards a streaming and now they're taking three million dollars to have people build actual crypto projects in public.
43:50
[SPEAKER_02]: So we can all follow it.
43:51
[SPEAKER_02]: It probably has a lot to do with like metadata and how they've been doing some interesting things.
43:55
[SPEAKER_02]: But pump.fun with some big announcements here.
43:58
[SPEAKER_02]: And we'll go see how this is all going, shake out.
44:01
[SPEAKER_02]: I don't know what the dates are of this hackathon.
44:04
[SPEAKER_02]: I had it written down by, I don't see it in the thread here.
44:07
[SPEAKER_02]: by no it's happening soon.
44:09
[SPEAKER_02]: So they're trying to optimize their existing ecosystem and expand it with actual real world building projects.
44:16
[SPEAKER_02]: So this is they're moving a little bit out of the meme coin.
44:20
[SPEAKER_07]: Yeah, I mean, you got to, you got to adapt and build and bring utility.
44:25
[SPEAKER_07]: I think that's even something that you guys preach in the moment some, you know, money-makers community is, it's not, yeah, there's the memes and there's the culture of it and there's the trades and the action, but the ones that you guys seem to be super consistent on talking about are trying to build real things and be a part of real things, whether it's Puggie Penguin with
44:46
[SPEAKER_07]: the NHL or Puggy Penguin now with soccer and man's city and then our next topic is a wrecked drink, which I know you guys love, this is looks like they're at giant eagle, which is a chain of grocery stores in different places across the U.S.
45:01
[SPEAKER_02]: Yeah, bring that tweet up.
45:03
[SPEAKER_02]: So this guy this guy's a legend.
45:05
[SPEAKER_02]: I have no idea who it is and I'm Okay, speculated true because he has some proof there, but he by so you we've got 75 cases of Rectorink Johnny Eagle and then he got what 3.3 billion rex which was worth over 1100 bucks.
45:21
[SPEAKER_02]: So he got all those rex drinks free
45:24
[SPEAKER_02]: and made money.
45:25
[SPEAKER_02]: So that's that's the world of web 3 web 2 colliding where you buy a four pack of records in giant eagle for I think it was like 799 or something.
45:35
[SPEAKER_02]: You go there, you check out utilizing the base app.
45:38
[SPEAKER_02]: They give you a coupon to redeem and then you can you know essentially get rekt tokens which are worth real money.
45:46
[SPEAKER_02]: You can install it right there
45:49
[SPEAKER_02]: and a lot of people went after it.
45:51
[SPEAKER_02]: They exceeded their sales for good reason.
45:55
[SPEAKER_02]: I mean, when you're making money buying a product, if you're somewhat crypto savvy, no wonder you're going to exceed your sales, but they absolutely crushed it.
46:03
[SPEAKER_02]: And I think we'll see more and more brands continue to do this, but I love what Rex doing.
46:09
[SPEAKER_02]: It's kind of wrecked in Pengu or my two brand coins that I love.
46:12
[SPEAKER_02]: And it's great to see that this was such a huge success.
46:17
[SPEAKER_07]: Yeah, I mean, again, real products, real utility is something that the space probably needs now more than ever.
46:24
[SPEAKER_07]: Again, when the market's hot a year ago and all these meme coins are flying and you've got to pick and choose where you want to go.
46:29
[SPEAKER_07]: We remember the days of, you know, whether it was Trump launching his coins or they've ported only doing the greed stuff.
46:35
[SPEAKER_07]: That was, you know, a fascinating time.
46:38
[SPEAKER_07]: And it's not the first time that we've seen it.
46:39
[SPEAKER_07]: And my guess is it's not the last time that we've seen it.
46:41
[SPEAKER_07]: But the ones that make it through cycles are ones that bring utility and have have
46:47
[SPEAKER_07]: So I agree.
46:48
[SPEAKER_07]: I think it's a fascinating concept.
46:51
[SPEAKER_02]: Yeah, and that that last link I have, I threw on there.
46:54
[SPEAKER_02]: I think we should bring this chart up.
46:56
[SPEAKER_02]: I've never talked about this coin with our community.
46:59
[SPEAKER_02]: Uh, you and I actually know not that one.
47:03
[SPEAKER_02]: No, it's it should be linked on the sheet here under deck screener.
47:08
[SPEAKER_05]: Yeah, that's it.
47:10
[SPEAKER_05]: What?
47:11
[SPEAKER_05]: Get it to BFS.
47:13
[SPEAKER_02]: Yeah, I'm clicking and it's bringing up about 28 million dollar market cap.
47:17
[SPEAKER_02]: Oh, oh, do you have a different, I just see green for some reason.
47:20
[SPEAKER_02]: It's absolutely crashing run from 70 million to 28 million.
47:25
[SPEAKER_06]: On the day, I'm on the day chart.
47:26
[SPEAKER_06]: Let me go to the fifth year.
47:28
[SPEAKER_02]: Yeah, I go to like a 15 or an hour minute.
47:30
[SPEAKER_02]: So this is BFS token.
47:32
[SPEAKER_02]: This is not a recommendation to buy this token because it's how beast financial services.
47:39
[SPEAKER_02]: And there's been a lot of things going on in TikTok and Twitter right now where people are saying this is the Mr.
47:45
[SPEAKER_02]: Beast token for his financial services.
47:47
[SPEAKER_02]: I've also reached out to quite a few people when this was going up and it sounds like this is an absolute rug.
47:55
[SPEAKER_02]: I'm not sure, I don't want to be associated with it because I can't really find out what's going on.
48:00
[SPEAKER_02]: But I know he's claimed to not have any part of this token and it doesn't really line up.
48:05
[SPEAKER_02]: I think if it's truly like a token he wants to launch in the future, hope I do it in a much more methodical way, it's not going to be a stealth launch.
48:13
[SPEAKER_02]: But I'm looking at a different chart here, it went from earlier today, just a couple
48:23
[SPEAKER_02]: So it's absolutely fine.
48:24
[SPEAKER_06]: I thought they're sharing.
48:25
[SPEAKER_06]: I finally got a zoomed out to a five minute.
48:27
[SPEAKER_06]: All right.
48:27
[SPEAKER_06]: That's my fault.
48:28
[SPEAKER_06]: There we go.
48:29
[SPEAKER_02]: So this is why we have to be so careful in the meme coin world.
48:32
[SPEAKER_02]: We can all get caught up.
48:33
[SPEAKER_02]: And sometimes we get caught up in like a meta's running hot.
48:37
[SPEAKER_02]: It's an actual real product or a real meme or something going on.
48:41
[SPEAKER_02]: But there's just a tension there.
48:43
[SPEAKER_02]: So the price is just going off and you get all this foam moe.
48:46
[SPEAKER_02]: You want to buy in and then eventually the rug will get pulled from runder us or just massive amount of like insider tools.
48:52
[SPEAKER_02]: will take profit or just a meta dies off.
48:56
[SPEAKER_02]: This screams and this I put this on our sheet when it was at like 70 million.
49:01
[SPEAKER_02]: I was like we just got to look at this chart because it looks like a rug and when I clicked on it before you brought it up I was like all right pretty much confirmed it might be a rug because it lost 40 million dollars of a market cap and just about a few out in one hour here.
49:17
[SPEAKER_02]: So just just wanted to bring it up that it's
49:19
[SPEAKER_02]: Things can be real shaky out there.
49:21
[SPEAKER_02]: Things seem too good to be true sometimes.
49:23
[SPEAKER_02]: They probably are because this, this coin was getting a lot of attention on TikTok.
49:28
[SPEAKER_02]: It was getting picked up on Twitter, but any of like mine or circles or people that are really close to crypto weren't really that familiar with it.
49:35
[SPEAKER_02]: And then when we all started digging into it, we're like, man, nobody we know is associated to this.
49:41
[SPEAKER_02]: It just felt like a rug.
49:42
[SPEAKER_02]: I hope it's not for people's sake, but it doesn't look good right now.
49:48
[SPEAKER_07]: Yeah, no, well, thanks for bringing it up.
49:50
[SPEAKER_07]: I know I saw it in the in the mix on social media and sent it to you and be like, hey, what's what's going on here.
49:56
[SPEAKER_07]: I'm seeing a lot of this and you said it.
50:02
[SPEAKER_07]: Glad we get out there for the people be careful of this one again, not a recommendation of any sorts from any part of our team.
50:10
[SPEAKER_07]: But let's get some questions and then we'll end on a fun positive note to some questions from the chat.
50:19
[SPEAKER_07]: Do you think, again, nothing we say is personal financial advice are first one from crypto load.
50:23
[SPEAKER_07]: You think it's too late to invest in gold.
50:25
[SPEAKER_07]: Do you think it's going down soon or you think it's going to continue to go up again.
50:28
[SPEAKER_07]: We don't have a crystal ball, but I can bring up the price of gold for you.
50:33
[SPEAKER_07]: Again, this chart is starting to look like an old man.
50:37
[SPEAKER_07]: I know, man.
50:38
[SPEAKER_07]: Pretty freaking parabolic, man.
50:39
[SPEAKER_07]: I mean, it's especially on that one year, it's like 72.
50:44
[SPEAKER_07]: The five year here, pretty parabolic.
50:47
[SPEAKER_07]: I just think it's a good trade to get across the globe for when things are getting super volatile.
50:53
[SPEAKER_07]: Kind of like we talked about what I had on the chart there was, hey, when I'll bring this back up.
50:59
[SPEAKER_07]: It's the, it's kind of the Goldverse Bitcoin is like, hey, the valuation against Golds hitting RSI of 30, that means that gold is gotten so, you know, the prices pump so far for gold and Bitcoin's lagged behind and you can kind of see on this chart every time that happens, what happens, you know, I guess this is about a year to two years right here is a year and a half.
51:20
[SPEAKER_07]: So what happens every time that this RSI signal has triggered
51:29
[SPEAKER_07]: And when you when Bitcoin ripped it rips traditionally more than gold.
51:34
[SPEAKER_07]: So you can see here if I go back to the gold price and the We don't have bread in our chart master.
51:39
[SPEAKER_07]: Maybe I can get him to do a segment with us on Friday when he comes But if you come back for gold, yeah, the one year's 72 and the five year here is a 156 But you don't even need to go back
51:50
[SPEAKER_07]: to five years to get that type of return from Bitcoin.
51:53
[SPEAKER_07]: If you go to the five year on Bitcoin, yeah, it's at 178.
51:56
[SPEAKER_07]: But what if you were buying the dip when everybody was panicking and said the industry was over at 16 to 20,000 you have a 5x that's 500% returns, right?
52:06
[SPEAKER_07]: Oh, you know Bitcoin presents, again, the volatility is an opportunity is what this asset class has taught us.
52:13
[SPEAKER_07]: You know, you got to do your research and you got to pick and choose whether you're a buy whether you're hotling or you're hotling and buying the dip or you a trader, you got to figure out what that is for you and we can't, you know, personally financially advise you to what your strategy should be.
52:27
[SPEAKER_07]: But again, for five years, your five-year return is 156%
52:31
[SPEAKER_07]: back in 2022, you could have got a 500, you know, 500 percent of five bagger just by buying Bitcoin.
52:38
[SPEAKER_07]: So that's that's what this new age asset in the 21st seven trading and the volatility is given this space is is in comparison to gold.
52:48
[SPEAKER_07]: We can't tell you whether it's going to go up and down, but kind of I would say the stats and the research show at least for the lifetime of Bitcoin that there's there's some type of catch up and repricing and when it happens, it's quite volatile.
53:02
[SPEAKER_02]: Yeah, there's some stats out there where, you know, when gold and silver, especially when it starts to run run run run, there's always a catch up trade with Bitcoin a few weeks a month later.
53:13
[SPEAKER_02]: That's, I mean, I'm a crypto guy.
53:16
[SPEAKER_02]: I'm a digital gold guy.
53:17
[SPEAKER_02]: I'm not going to knock anybody by in physical gold.
53:20
[SPEAKER_02]: I mean, obviously, it's people are flocking to it because it's a safe haven and for all the macro reasons we mentioned above, you know, the overall market stock markets, tech stocks, crypto, everyone's getting a little scared so they're flocking to gold and silver, but I don't think that's going to last forever.
53:36
[SPEAKER_02]: I think it this is definitely time to shine.
53:38
[SPEAKER_02]: It's a great investment for a lot of reasons.
53:41
[SPEAKER_02]: It's scarcity and it's utility, but I'm a Bitcoin bull.
53:46
[SPEAKER_07]: Yeah, I think that's that's our take for for the show and the team overall.
53:51
[SPEAKER_07]: Bitcoin bulls from our friend and London.
53:54
[SPEAKER_07]: What crypto events you guys attending this year are would suggest attending?
54:00
[SPEAKER_07]: I know that I mean, we've been or I've been to consensus.
54:02
[SPEAKER_07]: I've always enjoyed consensus.
54:04
[SPEAKER_07]: I loved when it was in Austin.
54:05
[SPEAKER_07]: We didn't go last year's in Toronto.
54:07
[SPEAKER_07]: I believe this year is in Miami and we don't know there.
54:12
[SPEAKER_07]: We all know Tiva has been seen and spotted down in Miami from time to time, so that could be something that I might be attending.
54:19
[SPEAKER_07]: I believe that's in May, we'll keep you posted on that if we're going to make the trip down south to Miami, but the Bitcoin conferences are good.
54:27
[SPEAKER_07]: I know that one was in Nashville.
54:29
[SPEAKER_07]: two years ago's Nashville, maybe this year's Vegas.
54:33
[SPEAKER_02]: Yeah, Bitcoin.
54:34
[SPEAKER_02]: Yeah, I think it's again in Vegas, Bitcoin 2020, six in Vegas.
54:37
[SPEAKER_02]: So yeah, that wasn't good.
54:40
[SPEAKER_07]: Yeah, those those are the two big ones, I think.
54:42
[SPEAKER_02]: Yeah, I'm I'm personally going to eat Denver because I live in Colorado and got some connections, but I went last year.
54:49
[SPEAKER_02]: It was actually it was it was it's probably bigger for like builders and devs and hackathons, just a really strong Ethereum culture, but I really enjoyed it, but my two if I could just pick any would be the consensus because it's in Miami or
55:04
[SPEAKER_02]: you know Bitcoin in Las Vegas will be a lot of fun too.
55:09
[SPEAKER_02]: Those will be my top two, but I am I am going to go to eat Denver.
55:12
[SPEAKER_02]: So if anybody in the Chaska be at eat Denver, I need to know and you know buy a cup of coffee.
55:18
[SPEAKER_07]: Yeah, they asked about token the token events.
55:20
[SPEAKER_07]: I know they're all over the world.
55:22
[SPEAKER_07]: The different token ones.
55:24
[SPEAKER_07]: Yeah, I've heard great things about them.
55:26
[SPEAKER_07]: it's just again with everything that we do between the research and having our community and keeping everything up to date and doing the podcast, it is hard for us to take the team and take full week off and travel internationally.
55:39
[SPEAKER_07]: But I know Bryce, our fearless leader, Bryce, does a lot more kind of hitting these and reporting back to us, especially for the investor type ones.
55:49
[SPEAKER_07]: Like I know he got invited to New York City for like a specific investor type one.
55:55
[SPEAKER_07]: Well, obviously, anything that we do will report back and all that, but yeah, the token events are good, and I think if you attend any of those, you'll have a fun time.
56:03
[SPEAKER_07]: Well, end on a positive note here, shout out to stake in shake of all places.
56:08
[SPEAKER_07]: Have you ever been stake in shake?
56:10
[SPEAKER_02]: I have.
56:11
[SPEAKER_02]: I grew up in Pennsylvania.
56:12
[SPEAKER_02]: They had them out there.
56:13
[SPEAKER_02]: They're pretty good, man.
56:14
[SPEAKER_02]: Have you?
56:14
[SPEAKER_07]: You know, I have it.
56:16
[SPEAKER_07]: I haven't.
56:16
[SPEAKER_07]: I don't really get nothing.
56:19
[SPEAKER_07]: I mean, I've traveled over the country, so I've definitely seen them, but I've never ran in there, but I'm, it's all my radar now.
56:25
[SPEAKER_07]: Next time I see it, I'm going to, I'm definitely going to have to go.
56:27
[SPEAKER_07]: So they, they implemented eight months ago today, steak and shake launched.
56:32
[SPEAKER_07]: It's burger to Bitcoin transformation when we started accepting Bitcoin payments.
56:37
[SPEAKER_07]: Um, let's see, our same store sales of risen dramatically ever since.
56:41
[SPEAKER_07]: So they're again tapping on the Bitcoin community, sounds like they're coming in.
56:44
[SPEAKER_07]: They're enjoying some stakes.
56:46
[SPEAKER_07]: They're enjoying some shakes, uh, and, and the, uh, the Bitcoin sales that they make go into their strategic Bitcoin reserve, uh, but they've increased their exposure by 10 million.
56:56
[SPEAKER_07]: Um, so that's super exciting.
56:58
[SPEAKER_07]: It's a self-sustaining system.
57:00
[SPEAKER_07]: Again, they're, I think it's just genius.
57:02
[SPEAKER_07]: Obviously, we are Bitcoin bulls.
57:04
[SPEAKER_07]: So we think it's a good idea overall.
57:06
[SPEAKER_07]: But again, just a great marketing thing.
57:08
[SPEAKER_07]: A fun thing to do.
57:09
[SPEAKER_07]: You're joining the community.
57:11
[SPEAKER_07]: Um, and they do accept Bitcoin.
57:13
[SPEAKER_07]: Um, if you want to go buy a burger with some Bitcoin.
57:15
[SPEAKER_07]: And I think that kind of, uh, wrapping up on that.
57:19
[SPEAKER_07]: I think that is something that
57:21
[SPEAKER_07]: The administration could and should try to look into is maybe some tax-free transactions.
57:27
[SPEAKER_07]: If you want to go, like, allow businesses to accept crypto payments, or maybe the, you know, the Bitcoin Ethereum slot, whatever you want to pick some winners there, because we all know the administration likes to pick winners in these businesses and investments, but yeah, make it tax-free or something, make it, like, actual legal tender.
57:45
[SPEAKER_07]: I think that would be super exciting.
57:47
[SPEAKER_07]: People would love that.
57:50
[SPEAKER_07]: And if I don't thoughts there for steak and sugar, the overall take.
57:54
[SPEAKER_02]: I like steak and shake.
57:55
[SPEAKER_02]: I don't have any around me now, but I love what they're doing.
57:58
[SPEAKER_02]: I know probably more than I should about this whole strategic Bitcoin reserve and steak and shake.
58:03
[SPEAKER_02]: There was something that they in a handful, not a handful.
58:06
[SPEAKER_02]: Quite a few of the restaurants or it's like a diner setup.
58:09
[SPEAKER_02]: It's not so much fast, but it's like a diner setup.
58:12
[SPEAKER_02]: And you go in there and they saw it accepting Bitcoin at several of their stores.
58:18
[SPEAKER_02]: I think those those stores in particular were all up on an average of like 10 to 15 percent and they were taking a substantial amount of the Bitcoin that they got from sales and they were putting it in their strategic reserve.
58:31
[SPEAKER_02]: So not only did they put another 10 million into their reserve,
58:35
[SPEAKER_02]: they're taking some of the money and the stores that offer the Bitcoin sales are up.
58:39
[SPEAKER_02]: I think it's super unique.
58:41
[SPEAKER_02]: I think you're really attracting younger, crypto oriented, digital oriented, younger individuals.
58:48
[SPEAKER_02]: That's how you want then.
58:49
[SPEAKER_02]: Just because of this news, I get, I'm probably like one of the few, but just because of this news vibe, it's taking shape around me.
58:56
[SPEAKER_02]: I'd be going all the time because I would want to support it.
58:58
[SPEAKER_02]: I would not use my Bitcoin though because, you know, they're trying to steal my Bitcoin.
59:05
[SPEAKER_07]: yeah no doubt no doubt the uh i think it's gonna wrap us up awesome conversation uh uh 59 minutes approaching hour on the dot we really appreciate everybody tuning in from YouTube final ask if you're interested more in brine is community check out the link below for momentum money makers give us a like subscribe drop a comment after we're done the live here we'll get back to you
59:25
[SPEAKER_07]: And everybody listening, we always appreciate you as well.
59:27
[SPEAKER_07]: And we're going to see you guys later in the week for another live.
59:30
[SPEAKER_07]: I think Brennan's going to join us and we'll do a lot of technical analysis and break down the rest of the week's news.
59:35
[SPEAKER_07]: But that's all for today.
59:36
[SPEAKER_07]: Hope you enjoy the rest of your week and we'll talk to you soon, the vibe everybody.