Latest / CRYPTO 101 / Crypto Rundown: JP Morgan Chooses Bitcoin as the Best Asset?!

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Crypto Rundown: JP Morgan Chooses Bitcoin as the Best Asset?! · CRYPTO 101

0:08
[SPEAKER_02]: Alright, everybody.
0:09
[SPEAKER_02]: Welcome back to the crypto rundown.
0:12
[SPEAKER_02]: JP Morgan, Jamie Diamond.
0:14
[SPEAKER_02]: They are choosing Bitcoin.
0:16
[SPEAKER_02]: You saw the thumbnail.
0:16
[SPEAKER_02]: You saw the title.
0:18
[SPEAKER_02]: We're going to break it all down for you with some interesting research data that JP Morgan put out today.
0:23
[SPEAKER_02]: It's their long term return outlook.
0:26
[SPEAKER_02]: They put out what they think is going to be the best performing asset over the next 10 years.
0:31
[SPEAKER_02]: And the answer is shocking us all.
0:33
[SPEAKER_02]: Crypto Twitter is all over.
0:35
[SPEAKER_02]: It compares Bitcoin, US Reets, US stocks, US bonds, gold, and cash.
0:39
[SPEAKER_02]: And a couple other assets.
0:41
[SPEAKER_02]: And it kind of does a projection of the 10 year base case.
0:44
[SPEAKER_02]: And Hunter, welcome back to the show.
0:46
[SPEAKER_02]: JP Morgan and Jamie Diamond.
0:48
[SPEAKER_02]: Our showcasing that Bitcoin is possibly the best projected compound annual return over the next 10 years, really interesting stuff, much better than a pet rock, you can see Michael Salars all over it, crypto, Twitter, can't stop talking about it, give me your initial thoughts.
1:06
[SPEAKER_02]: What are your thoughts?
1:08
[SPEAKER_01]: Well, first of all, JP Morgan, a long time over 100 year friend of the show, Jamie Diamond more recently, but both of the big friends of the show.
1:17
[SPEAKER_01]: Well, this is obviously really, really important, really, really awesome, because these type of reports go out to wealth managers, and they do their long-term allocations.
1:25
[SPEAKER_01]: Now, of course, not necessarily a contrarian, but to also kind of give all of the data here.
1:31
[SPEAKER_01]: They're showing the returns, but there's also, you got to look at the annualized volatility as well.
1:36
[SPEAKER_01]: Even though the combat annual returns are better than the other asset classes that they are forecasting, the annualized volatility is like 55% so when you look at it at like a sharp ratio, in other words when you look at it from a return excess of cash divided by the annualized volatility or the cash rate is going to be your risk free rate, the federal target fund rate.
1:57
[SPEAKER_01]: You get down to like a 0.12 ratio and all the way up to like diversified hedge funds being about like 0.29.
2:04
[SPEAKER_01]: So,
2:05
[SPEAKER_01]: you know it's very very interesting that the returns itself and if you look at it also the arithmetic return is like 21 or so percent.
2:12
[SPEAKER_01]: So the reason why there's such a big discrepancy between like the compounded and the return, the arithmetic is because of the large drawdowns.
2:20
[SPEAKER_01]: But
2:21
[SPEAKER_01]: Nonetheless, if you're looking 10 to 15 years on the future, and you have JP Morgan, which has been around one of the longest standing banks, of course, and they're definitely gearing up to add crypto more into their model portfolios.
2:34
[SPEAKER_01]: Now, they're not in their model portfolios yet, but at least there are, there are already selling research to other wealth managers so that they can make those decisions, you know,
2:51
[SPEAKER_01]: family offices and other institutions like that that use these reports for their long-term allocation.
2:58
[SPEAKER_01]: And so now that we have Bitcoin kind of in the mix, I only see this as, you know,
3:03
[SPEAKER_01]: The institutional game we've been talking about really over the last few months, and even I bit BlackRock's ETF had the largest amount of inflows it's has since October 2025.
3:16
[SPEAKER_01]: You see the institutional game really rearing up, and institutions are always kind of building in the background while everything is depressed.
3:25
[SPEAKER_01]: And I think that that's what they've been doing for a long time.
3:27
[SPEAKER_01]: I think all the firms out there, I think Larry Fink, you know, famously several years ago, was a hater of Bitcoin and I was like, I know I don't believe you guys.
3:36
[SPEAKER_01]: I don't believe what you say.
3:37
[SPEAKER_01]: I'll believe what you do.
3:38
[SPEAKER_01]: So once they put out, you know, action, what this is actionable data that can be actually people can put those numbers into their models and then generate their kind of asset locations for their clients.
3:49
[SPEAKER_01]: And so I see this is definitely a boon to the crypto world.
3:54
[SPEAKER_02]: Yeah, I agree, do as they do as they do, not as they say has been said.
3:59
[SPEAKER_02]: We've talked about on the run-down for a long, long time and great, great job breaking that down, pointing out that yes, there's the volatility breakdown and this is a long-term projection, not nothing set in stone for sure, but yeah, to put out this report with a
4:22
[SPEAKER_02]: you know Bitcoin and we're going to talk about theorem next believe it or not is just crypto is integrating into the financial you know the financial services realm and it's not going anywhere I think that's the most really important distinction and I think we're going to be getting a lot of the storyline over you know it's been happening nonstop for the last couple years and it's going to continue to wrap up and there's going to be a huge distinction of
4:47
[SPEAKER_02]: You know, crypto use cases and how the financial systems are going to integrate this in a good way and a regular way and then there's going to be a huge divide here what I think after this midterm election of, uh, you know, bad actors, they're really going to go after the bad actors.
5:03
[SPEAKER_02]: And again, we covered it.
5:03
[SPEAKER_02]: I know me and you talked about it with the Bank of America and the money laundering that, you know, huge, huge amount was uncovered.
5:10
[SPEAKER_02]: But I think what's going to happen here if, if,
5:12
[SPEAKER_02]: You know, I'm not trying to pick politics aside here.
5:16
[SPEAKER_02]: I'm not trying to pick aside, but what the, what the betting markets are showing is stuff that we cover on the show.
5:20
[SPEAKER_02]: What probably market showing us is the house and the Senate is probably the odds are this is going to flip.
5:25
[SPEAKER_02]: And then when that flips, you know, there's going to be a lot more hearings and a lot more investigations and some legislation, not necessarily is going to go through in the law, but investigations are going to start.
5:34
[SPEAKER_02]: And I think there's going to be a lot of people that want to investigate the crypto arena.
5:38
[SPEAKER_02]: because there's a lot of great actors and there's a lot of technological advances and totalization, there's a lot of stuff that's not going anywhere and if anything, I think the bipartisan ship might push this stuff forward, there's going to be good stuff, but there's also going to be some looking under the covers under the bed for some bad actors and I think that's going to get if you want to talk about maybe the Trump meme coin dinners and understanding how that all works of who's donating the most to the president via meme coins and
6:09
[SPEAKER_02]: and stuff like that.
6:10
[SPEAKER_02]: So there's going to be a huge distinction, a line in the stands going to be drawn here in the next couple of years of, you know, innovation that's not going anywhere and bad actors.
6:19
[SPEAKER_02]: So I think that's something to watch.
6:20
[SPEAKER_02]: But when it comes to the innovation that's not going anywhere, it's not just Bitcoin that's leading the Shedia for JP Morgan.
6:27
[SPEAKER_02]: JP Morgan also announced the USD deposit token, which is now live on Ethereum.
6:32
[SPEAKER_02]: It extends from base to Ethereum L1, giving institutional clients native
6:37
[SPEAKER_02]: that sits alongside the assets collateral and counter parties they transact with already.
6:42
[SPEAKER_02]: So again, another layer of Ethereum just getting integrated, getting used.
6:47
[SPEAKER_02]: It's exciting.
6:48
[SPEAKER_02]: It's exciting stuff.
6:49
[SPEAKER_02]: Is this particular fancy?
6:51
[SPEAKER_02]: I know it's a, you know, stable coins is not most exciting stuff.
6:54
[SPEAKER_02]: But again, using these networks to use is something that, you know, is just showcasing this is the the future of the technology.
7:01
[SPEAKER_02]: The adoption is there.
7:03
[SPEAKER_01]: Exactly, and it's just a ladder half of you said that's really the most important thing because this deposit token is not a stable coin It's actually it's backed by a user's deposit So and the stable coins are backed by reserves and a non-bank you know institutions So there they are separate and different, but the thing is is that
7:22
[SPEAKER_01]: just utilizing the Ethereum network as Ethereum has definitely become the venue for on-chain institutional finance going forward.
7:31
[SPEAKER_01]: So yeah, so I see this more, you know, kind of bullish for Ethereum than really obviously JP Morgan and their company, but it just seems that there are a lot of permission to Rails kind of being built behind the scenes with these banks.
7:46
[SPEAKER_01]: And your respective of if it's,
7:48
[SPEAKER_01]: flowing into maybe the stablecoin market or what not is that they are validating the technology.
7:54
[SPEAKER_01]: They are validating the tech that's going to be used for the foreseeable future until we decide to come up with some other crazy technology that we don't even know about yet, which will be web 4, right?
8:07
[SPEAKER_01]: But web 3 for now for the long time, I think, you know, this just is once again institutions throwing their hat into the ring wanted to play the game in, um,
8:18
[SPEAKER_01]: Yeah, I mean, stable coins are kind of sexy though because stable coins are really going to be the big driver of liquidity cash money markets have always been that way and kind of the traditional broker standpoint.
8:28
[SPEAKER_01]: So I think as long as we start getting capital on chain.
8:33
[SPEAKER_01]: That's so when in my book doesn't have to be much more difficult than that.
8:37
[SPEAKER_02]: Yeah, it's a very, it's a very simple, the use cases are here.
8:41
[SPEAKER_02]: They're being used, they're being adopted at all levels.
8:45
[SPEAKER_02]: And JP Morgan publishing the report is taken, crypto Twitter by storm.
8:50
[SPEAKER_02]: And it'll be interesting to see if this makes the rounds on the business networks.
8:54
[SPEAKER_02]: We've been kind of busy this week.
8:56
[SPEAKER_02]: Heads down, making content, a little tease for everybody all announced her.
9:00
[SPEAKER_02]: our new episode coming out early this week because we had such a big guest on to going to listen to the rest of the show to find out who that was.
9:06
[SPEAKER_02]: We just finished recording with Brendan today.
9:09
[SPEAKER_02]: Before we pop the charts, Hunter get ready.
9:11
[SPEAKER_02]: We're going to swing to you in a second.
9:13
[SPEAKER_02]: Let's take a dive.
9:14
[SPEAKER_02]: Look at that fearing greed.
9:15
[SPEAKER_02]: 50 50 right on the number here.
9:18
[SPEAKER_02]: as we head into the back half of October.
9:23
[SPEAKER_02]: It certainly hasn't been in October that we all would hope and love to cheer for.
9:29
[SPEAKER_02]: But it is an interesting area, an area of consolidation.
9:33
[SPEAKER_02]: I saw some some stuff from, what was it?
9:36
[SPEAKER_02]: I think there's maybe a golden cross on strategy, which is really interesting.
9:40
[SPEAKER_02]: I think Bitcoin might be bouncing off the 50 day, which is what you're going to show us in a second here and give us the
9:46
[SPEAKER_02]: the charts.
9:47
[SPEAKER_02]: Um, but again, last month was greed.
9:48
[SPEAKER_02]: We were in greed for a while.
9:50
[SPEAKER_02]: We're kind of joking.
9:51
[SPEAKER_02]: I always make that joke.
9:52
[SPEAKER_02]: Uh, a color.
9:52
[SPEAKER_02]: But he greedy little pigies when we get into that greed for a while.
9:55
[SPEAKER_02]: Uh, and a good little reset here.
9:57
[SPEAKER_02]: And it's always interesting to find the reset for these fear and greed indexes based on where the charts are based on where I'm moving average.
10:04
[SPEAKER_02]: So I was fighting fun when we hit that 50 point mark right on the dot there, five though, as I handed it off to you, honoured it to show us some charts, a little bit quite action, and then we got some more topics to talk about.
10:19
[SPEAKER_01]: that we do my friend and you know it's a wonderful day to be alive of course as always uh... never forget that um... you know we need to always remember big picture we cannot get lost in the weeds here because really yes since we were talking last Thursday i you know not really a lot has changed um... it's kind of funny you know when you are head down doing kind of content and all stuff it it's almost like the natural flow of the the market knowing like when
10:46
[SPEAKER_01]: to be taking action when not to, and I really right now, I don't feel like it's much of a place to be taking a lot of action.
10:52
[SPEAKER_01]: There's just kind of a lot of indecision in the market right now, of course, with the mid-terms coming up, and FOMC next week, and just some big macroeconomic events, it being the fall, being the spooky time of the year, the veil between the three of us is thin.
11:06
[SPEAKER_01]: So, you know, things are up and down, and then there's a clash of, kind of, you know, multiple realities out there at the moment.
11:11
[SPEAKER_01]: So,
11:13
[SPEAKER_01]: My reality though, and my opinion is that, look, we talked about this last week.
11:17
[SPEAKER_01]: We had a bullish and gulf in candle of the prior quarter.
11:20
[SPEAKER_01]: I mean, that's about, the name literally says bullish and gulfing.
11:25
[SPEAKER_01]: I mean, the bull ate the bear, ate Q2 bear price action, and we closed above that high.
11:31
[SPEAKER_01]: And now, yeah, we've pulled back relatively four to five percent from the opening price of the month.
11:38
[SPEAKER_01]: All right, so this is our monthly candle.
11:40
[SPEAKER_01]: And yes, we've rejected at the 20 month moving average.
11:43
[SPEAKER_01]: We've been battling with the yearly open at 87, 500, extremely technical levels, nothing that's too scary.
11:52
[SPEAKER_01]: I mean, at the moment we're still bouncing around this prior range high, which was the prior
11:59
[SPEAKER_01]: We closed above it on multiple time frames on the quarterly on the monthly and the big one was really the two week that I've been watching for it ever since we've really closed above on the two week as this was a swing high on the two week in this whole little range that we've been watching.
12:15
[SPEAKER_01]: this whole range right here right ever since we kind of had our first cell off and then what we would maybe describe as our capitulation and our capitulation low in which we never close back below this low as you can see all these were just wicks and then we got our move to the other side of the range.
12:31
[SPEAKER_01]: So of course, you know, some, some might be out there looking at this could just be a long extended range and you could come back and trade, you know, abs and flows.
12:40
[SPEAKER_01]: That's not really my, my stance at the moment.
12:42
[SPEAKER_01]: I do think there's a possibility we could retest maybe, you know, 767778 and
12:48
[SPEAKER_01]: you know, under maybe a little bit more dire circumstances or maybe a more of an uncertain blow to the midterm elections or a shock, you know, rate, a hike or whatever, whatever you may have that can't be foreseen just through probabilities and statistics and prediction markets, you know, then maybe you do get a move back down to 7072 or to retest the, you know, massive point of control we have and the top side of the range.
13:12
[SPEAKER_01]: That's not my base case.
13:19
[SPEAKER_01]: of the anchor view off from the all-time high, which is this white line, so the anchor volume would have a price, which has been almost retested, but it sits around 79k.
13:34
[SPEAKER_01]: And then what I also mentioned last time, just our prior, I mean, our yearly value area high, which is around 78.5 as well.
13:43
[SPEAKER_01]: So, you know, for me,
13:45
[SPEAKER_01]: Um, if we do continue to kind of range here and pull back, say we get another liquidity grab in a swipe between the lows, you know, I'm really going to be looking at this being our next swing long opportunity.
13:57
[SPEAKER_01]: I say right now, maybe we're not at the exact swing long spot.
14:01
[SPEAKER_01]: This is still more for kind of day trades.
14:03
[SPEAKER_01]: Maybe we get another move back above 84k like this and then come back down for the bigger move.
14:08
[SPEAKER_01]: I think that's more likely at the moment with how things are gearing up.
14:14
[SPEAKER_01]: rejecting on lower time frames when I say lower time frames like on daily's on for our candles, you know, seeing kind of wicks, rejections, rejections, and so it seems like, you know, maybe price is ready to blast off yet, and it's still kind of in this range bound environment.
14:31
[SPEAKER_01]: And so I think, you know, if you're a bear, you hope for this to really hold and be that long-term kind of deeper pull into these lows.
14:40
[SPEAKER_01]: That's not my base case at the moment, but there's always a non-zero chance to anything can happen.
14:46
[SPEAKER_01]: So I would be remiss not to at least discuss both sides as that would be naive.
14:52
[SPEAKER_01]: I also believe that, you know, we could continue and come back down and actually see something like, uh, I don't want to forecast too much as once again, we don't want to get too beholden by certain bias or get stuck in the meat of things.
15:05
[SPEAKER_01]: But we do see this a lot where we call it a three drives pattern.
15:08
[SPEAKER_01]: And now it's not exactly a three drives pattern because a three drives pattern has specific ratios, um, um, um,
15:17
[SPEAKER_01]: to abide by, but it's more so just the thought of it like this, this, and then you get one more sweeps the low and then you get your move up.
15:26
[SPEAKER_01]: And during that time, what you get is if I can, my, our style will come up here and then I change the bottom here, the relative strings index, strength index, not strange index.
15:38
[SPEAKER_01]: And I change it to yellow, so you can see it, you know, what we would hope
15:44
[SPEAKER_01]: And it's switched to a daily.
15:45
[SPEAKER_01]: As you kind of build a bit of divergence going into that low, and which you hit this massive support zone that needs to hold really for these bulls to get their bull markets started early.
15:56
[SPEAKER_01]: And as momentum is slowly, but surely tilting up.
16:00
[SPEAKER_01]: So you get a bit of a bullish divergence.
16:02
[SPEAKER_01]: And then that would be, I think, the swing-long opportunity right there if we get it.
16:07
[SPEAKER_01]: You know, maybe a little bit deeper down in the 76k possibly, um, but that's what you would be kind of looking for.
16:13
[SPEAKER_01]: And there is some symmetry here.
16:14
[SPEAKER_01]: So if we do kind of get a pullback from this rejection at the moment or, you know, where we kind of invalidate this would be if we did come back above the high, then we have a different set up all alone.
16:25
[SPEAKER_01]: But that's kind of what I'm looking at here on the lower or shorter time frame, but just remembering to zoom out that
16:37
[SPEAKER_01]: a transitioning market.
16:39
[SPEAKER_01]: You have sectors in the traditional markets, you know, flowing to different money flowing to different sectors.
16:45
[SPEAKER_01]: You know, money has been coming out of a lot of tech.
16:47
[SPEAKER_01]: It's semiconductor starting to flow into some sort of financials and other asset other sectors.
16:52
[SPEAKER_01]: And we see an oil go up.
16:53
[SPEAKER_01]: Well, when we have stuff like that, when we have transitioning markets, you have a lot of chop.
16:59
[SPEAKER_01]: If we're transitioning really from a bull,
17:04
[SPEAKER_01]: Well, we're going to have some volatility, some chop, but if we the more we zoom out, the more smooth price action and candles get, and then you just look at it and you're like, hmm, well, this is just kind of a pretty healthy two to three week pullback, uh, not really more than 10% and we see that all the time in Bitcoin.
17:23
[SPEAKER_01]: I mean, even over here, you know, this was even probably even more choppy, but, you know, even down here when we made the low, we had a two week pullback.
17:31
[SPEAKER_01]: So we have kind of a two week pullback, and I think, you know, we probably get some resolution, a bit of resolution going into the end of the month, but of course, the midterm election is usually in the first week or two of the year, I believe it's the six or eight or something this year.
17:44
[SPEAKER_01]: So we will have that, of course, to watch out for.
17:47
[SPEAKER_01]: But,
17:48
[SPEAKER_01]: Uh, my, my targets to the top on Bitcoin, you know, nothing has changed.
17:52
[SPEAKER_01]: It's going to be the yearly open again.
17:55
[SPEAKER_01]: It's going to be this 92 to 93K level.
17:57
[SPEAKER_01]: It's going to be above the prior high in 200K and then one 11 and then all the way to new highs.
18:03
[SPEAKER_01]: So all of that stays the same regardless if we get pullbacks to any of these levels.
18:09
[SPEAKER_01]: And of course, the only way.
18:11
[SPEAKER_01]: this whole kind of bull narrative changes is if we start to come back below the, you know, there's 64,000 level from this range.
18:19
[SPEAKER_01]: Then you really open up maybe the possibility that we do come down to see the 53 or that other big level is around 40 to 45.
18:27
[SPEAKER_01]: But once again, those are very low probabilities at the moment, but those are kind of all the scenarios that I as an analyst are seen, doesn't mean I'm necessarily completely right or I'm trying to be dogmatic, necessarily about it,
18:41
[SPEAKER_01]: to have a plan for every scenario so that I'm not caught off-guard and I'm not emotional.
18:47
[SPEAKER_01]: That's really the number one thing here, especially with trading and long-term investing.
18:51
[SPEAKER_01]: Of course, we are here for a long-term, long-term approach with very positive optimistic attitude.
18:58
[SPEAKER_01]: And I think we do have this market structure possible shift.
19:02
[SPEAKER_01]: And so we do want to see, we are above the 50 week, which is this pink line.
19:07
[SPEAKER_01]: And as long as we're above trying to get that, we're kind of above the bull market support.
19:11
[SPEAKER_01]: As that was, you know, support here, support here, and then when we broke down from here, it's when we kind of entered the bear market.
19:18
[SPEAKER_01]: So now we're back above it.
19:19
[SPEAKER_01]: And that's another kind of
19:21
[SPEAKER_01]: indicator or gauge of the bull market itself and then I, you know, and let's see it interesting enough we can look at Ethereum to real quick because this when we talked about last week actually the exact thing that I kind of had been outlining played it played out wanted to see it come down take these lows.
19:43
[SPEAKER_01]: All right around the 20 350 level because.
19:49
[SPEAKER_01]: They had not been taken and so these lows were very dirty.
19:53
[SPEAKER_01]: You could say there's liquidity that builds up below it and then we get my favorite pattern which we talk about on the channel.
20:01
[SPEAKER_01]: And through all of our products, a quite a lot is the swing failure pattern where you get, you know, and this needs, it's not necessarily fully confirmed because it probably needs to come back up, but you just get that large wick down to create liquidations.
20:14
[SPEAKER_01]: And then you get those liquidations, price gets instantly bought up, closes back in the range, and then now you're just back in your range.
20:21
[SPEAKER_01]: And so it's seen maybe dire for just a little bit of time, but in reality,
20:25
[SPEAKER_01]: nothing really changed just a quick little blip and if you were asleep at the time you would have known anything difference if you were you know long at this point but the thing is
20:34
[SPEAKER_01]: With Ethereum, though, is we had a pretty, very technical balance right here at this level.
20:40
[SPEAKER_01]: As this was that massive node, we had this line, you know, protruding out to about 23, 20, and that's exactly where we balance.
20:48
[SPEAKER_01]: And so we really don't want if they're going to come back below this low, as then it will probably test a bit deeper into where I could imagine, you know, maybe to the top side around.
21:00
[SPEAKER_01]: you know, 2150 and then a little bit deeper, maybe 20 to 50.
21:03
[SPEAKER_01]: So kind of this little zone here, which would also be the 0, 618.
21:12
[SPEAKER_01]: Well, that would be a little bit lower.
21:13
[SPEAKER_01]: But nonetheless, we would be below the 0.5.
21:17
[SPEAKER_01]: And when we look at the stuff, we'll be called price location.
21:20
[SPEAKER_01]: Now, where is price in relation to a leg?
21:24
[SPEAKER_01]: Well, usually when it gets down to about the 50% retracement level, that's when it enters kind of a discount zone.
21:31
[SPEAKER_01]: So that will line up with the, so I'm on the three-day here.
21:36
[SPEAKER_01]: That will line up with the 200-day moving average.
21:38
[SPEAKER_01]: So.
21:39
[SPEAKER_01]: That's a, you know, very important level.
21:41
[SPEAKER_01]: Of course for Ethereum doesn't mean it will get down there, but if we do come back below this.
21:47
[SPEAKER_01]: This 2320 level, I would expect maybe we do reconnect with the 200 day on Ethereum.
21:53
[SPEAKER_01]: Otherwise, we get back above.
21:55
[SPEAKER_01]: really the 2450, but you can see that we're starting to have the 20 day cross below the 50 day.
22:01
[SPEAKER_01]: So short-term trend is getting a little bit wonky and a little bit choppy.
22:07
[SPEAKER_01]: So nonetheless, you know, if we do hold from here, then I do foresee we start to go the other side of the range, otherwise around 2150 on Ethereum, but still bullish.
22:18
[SPEAKER_02]: It's an interesting slot spot here.
22:20
[SPEAKER_02]: If you could entertain me, I don't know if you could pull these up real quick.
22:23
[SPEAKER_02]: Just do the real quick.
22:24
[SPEAKER_02]: Just do the S&P 500.
22:25
[SPEAKER_02]: Yes.
22:29
[SPEAKER_02]: And then just, you know, on the zoom out here, you can see basically, you know, we're right here at all time highs and then flip on, let's see, who's been a loser recently, core weed throwing core weed.
22:40
[SPEAKER_02]: So that's be five push at all time highs, core weed falling off the table here, approaching a, wow, I mean, wow, what's that.
22:49
[SPEAKER_01]: So I had a lot of analysis on this one because this was a, this was a, this was a,
22:54
[SPEAKER_02]: a short that was given to you by the insiders they were selling like crazy before this started moving back down here um yeah this is just oh I mean this is nasty right now but um I put my point is this I am going to have to do the analysis on it that's okay on the crypto 101 but we're uh I'll take over because there's a there's a term that's going off is we're just in this bear bull market paradox
23:18
[SPEAKER_02]: where, you know, the underlying the SV500 at all time highs, we obviously have ridden the AI trade recently this year to highs, you know, obviously if you bought some of these AI's the AMD, you could have bought Core, we've had a certain point, the AMD's of the world.
23:33
[SPEAKER_02]: the western digital's, I mean, what was its sand disc was a huge winner, right?
23:38
[SPEAKER_02]: You know, these high flyers that we were sitting here in crypto world being like, man, like those things are flying and Bitcoin crypto weren't doing that well.
23:47
[SPEAKER_02]: And then, you know, the roles reversed in Q3, crypto was the best performing asset.
23:52
[SPEAKER_02]: These stocks started to fall off the table here.
23:55
[SPEAKER_02]: Um, so it's an interesting spot again.
23:57
[SPEAKER_02]: You got to do your own research to understand, but there's a lot of churn going on in the market and I've said it.
24:03
[SPEAKER_02]: I'm a big like don't fight the Fed type of guy and and I kind of saw, you know, the inflation numbers and the Fed trying to make their mark is the new Fed saying, hey, you got to, you know, believe in us.
24:11
[SPEAKER_02]: We were trying to do the right thing.
24:14
[SPEAKER_02]: There's just a lot going on in the market as we head into midterms as we head into the year and so I don't think it's a bad spot at all I think it's a great spot to you know understand what you own do your research But I find it just that I love the term that bear bull market paradox where you're looking around Things are falling off the table.
24:32
[SPEAKER_02]: You're looking around things are falling all-time high Falling or reaching all-time highs and I just find that interesting where we are with Bitcoin with Ethereum
24:42
[SPEAKER_02]: And, you know, same thing with some altcoins, some altcoins are taken off, right?
24:46
[SPEAKER_02]: We had our popcorn season, if you will.
24:49
[SPEAKER_02]: But I think that kind of encapsulates where we are with crypto is, you know, we're leading the way down, but we had our huge rally, huge deal in the way up, everything else is going to lay down.
24:59
[SPEAKER_02]: And so there's just so much going on, so much churn.
25:02
[SPEAKER_02]: that it's just really interesting, and it's a great time to continue your education, continue, you know, understanding what you own.
25:11
[SPEAKER_02]: And if you're somebody that's interested in kind of learning more about the high flyers of the meme coin communities, you know, Brian and Joe with that popcorn season, they're finding tons of winners.
25:21
[SPEAKER_02]: We actually have a video in our description if you guys want to go down and click on it.
25:25
[SPEAKER_02]: It's a little video we put together to understand how we pick those high flyers on, you know, those meme coin predictions that, you know, Brian and Joe have come on to talk about, you know, the 35X, 10X winners that they found.
25:36
[SPEAKER_02]: So if you're interested in their philosophy, how they find those winners, deep diving into the crypto trenches, go down and click that link.
25:42
[SPEAKER_02]: But Hunter, just to hand it back off to you, what are your thoughts on that bearable market paradox of, you know, some things are high flying, all-time highs, some things are falling off the table.
25:51
[SPEAKER_02]: And it feels like Bitcoin Ethereum are kind of just right around the middle there.
25:55
[SPEAKER_01]: right playing a little bit of monkey in the middle here you know um and that's that's the thing and that's what I was kind of saying when we're in these transitioning markets it's it can be kind of a very choppy time um because for the bears we're like at the late stage bear market if for the bulls we're at the very beginning of the bull market so you kind of just have this colliding of two worlds and this rapture of two worlds happening um so
26:19
[SPEAKER_01]: I think, you know, going into the fall, of course, with the uncertainty of midterm elections around this, it's like, we have been holding up very well here in the crypto market.
26:28
[SPEAKER_01]: I, you know, my stance is bullish now.
26:31
[SPEAKER_01]: It was a neutral, you know, over a month ago, and then we closed back above the highs.
26:35
[SPEAKER_01]: It's like, okay, I'm on it very bullish yet, but I'm definitely bullish.
26:38
[SPEAKER_01]: I'm still in a position where I want to buy pullbacks, but I'm, you know,
26:44
[SPEAKER_01]: knowing that there's going to be some volatility and from an investing standpoint, you know, not financial advice, just realize that I don't want to get too caught up in the daily EBS and flows right now, because there is a lot of chop.
26:55
[SPEAKER_01]: It is up and down, but in the end, it's just going around and around.
26:58
[SPEAKER_01]: So like, I think you're having, you know, when you have, say the small calves kind of pull back, you have tech move back, well, money,
27:07
[SPEAKER_01]: There's a reason why money has terms related to water, liquidity, currency, banks.
27:13
[SPEAKER_01]: It's because it has to stay in constant motion.
27:17
[SPEAKER_01]: And that's what a lot of people don't understand as money never sleeps.
27:19
[SPEAKER_01]: It just moves somewhere else.
27:21
[SPEAKER_01]: So I think, you know, as long as Bitcoin is staying buoyant, now they're water term, then it'll find also the liquidity from elsewhere.
27:31
[SPEAKER_02]: It's great breakdown.
27:32
[SPEAKER_02]: And there's a lot moving in the crypto markets to track that liquidity.
27:36
[SPEAKER_02]: JP Morgan's not the only one.
27:38
[SPEAKER_02]: We got Charles Schwab.
27:39
[SPEAKER_02]: We've talked about this a while ago.
27:40
[SPEAKER_02]: They announced they're doing this, but they officially rolled out Schwab crypto, allowing 40 million clients to buy Bitcoin directly.
27:47
[SPEAKER_02]: inside their swab accounts.
27:49
[SPEAKER_02]: And I thought this was interesting, Hunter Switzerland, the financial market super advisory authority say that five times fast.
27:56
[SPEAKER_02]: That's what's been said in some market.
27:58
[SPEAKER_02]: Some advisory authority has approved the countries first Bitcoin ETC.
28:03
[SPEAKER_02]: Switzerland.
28:04
[SPEAKER_02]: What that's all about got a quick clip here.
28:07
[SPEAKER_00]: It's financial regulator Fidma has approved its first retail ETF that invest directly in Bitcoin with other providers also seeking approval.
28:16
[SPEAKER_00]: The approval requires custody safeguards and clear risk disclosures while Fidma warns that investors still face Bitcoin's high volatility.
28:24
[SPEAKER_02]: I mean, Switzerland, you might not think is a huge country, but a huge financial country in the world.
28:30
[SPEAKER_02]: So we really find that interesting, again, it's just more doors being unlocked.
28:34
[SPEAKER_02]: But I hope that was worth bringing up just because Switzerland is a hub of the financial world.
28:40
[SPEAKER_01]: Yeah, definitely, and that's the main thing.
28:42
[SPEAKER_01]: I know they had some other crypto related products on their stock market, I believe, already, but this is the first Bitcoin ETF.
28:53
[SPEAKER_01]: What's again, I don't really want to belabor at this point.
28:56
[SPEAKER_01]: It's just more institutions.
28:57
[SPEAKER_01]: And then now kind of sovereign kind of governments, you know, getting involved.
29:02
[SPEAKER_01]: I don't believe they have a reserve yet, but you feel like these are kind of the natural progressions to that for like a government, to start creating kind of the on rails for their institutions.
29:13
[SPEAKER_01]: And then, you know, see that as proof of concept.
29:15
[SPEAKER_01]: And then maybe you start seeing more governments purchase Bitcoin, you know, as a reserve asset.
29:23
[SPEAKER_02]: yeah it's great point in the as we all remember in the wolf of Wall Street where he flies to uh to switch to try and hide all his cash so under uh if Bitcoin is the next.
29:34
[SPEAKER_02]: I was foreshadowed and there foreshadowed crypto aren't they yeah a little bit a little bit Bitcoin probably could have been helpful there for the uh Jordan Belfort uh the character based off of a wolf of our the real person based off of Wall Street.
29:48
[SPEAKER_02]: It's got some interesting, fun news that is related to the podcast, Aero jumping a little bit today.
29:55
[SPEAKER_02]: Ahead of their new protocol launch, so we actually just finished a podcast with Alex Cutler who's the CEO of Aero, and it was a great conversation, they're rolling out.
30:10
[SPEAKER_02]: They obviously have had so much news of this launch leading up to integrating with Robinhood.
30:16
[SPEAKER_02]: Robinhood chain and a lot of other things that they've announced, but the official protocol launch goes up.
30:22
[SPEAKER_02]: I believe it's the edge of a manager of merger, I believe it happens tomorrow.
30:27
[SPEAKER_02]: October 21st.
30:27
[SPEAKER_02]: Yeah, tomorrow Wednesday, October 21st.
30:29
[SPEAKER_02]: We just had him on the podcast literally right before I got on record of this.
30:33
[SPEAKER_02]: And they asked that we this is good.
30:35
[SPEAKER_02]: It's the first media that they've done since before for the launch.
30:40
[SPEAKER_02]: They wanted us to script the one to wonder roll it out.
30:43
[SPEAKER_02]: as it comes out on Wednesday or Thursday, so I'm going to get down and edit this podcast for us.
30:47
[SPEAKER_02]: Get that out first thing Thursday morning.
30:49
[SPEAKER_02]: So if you're somebody who is interested in learning more about Arrow or you're an arrow holder already, you're going to want to tune into that with Brendan and Alex Cutler from Arrow.
30:59
[SPEAKER_02]: Just really all things Arrow Jerome obviously emerged with Arrow Jerome and just kind of talked about how much where they've come from and they're road map moving forward as this launch goes.
31:09
[SPEAKER_02]: So super.
31:10
[SPEAKER_02]: Super exciting for the podcast channel to be able to get an interview like that the day before launch and then be the first basically, you know, media entity that's going to roll this out.
31:21
[SPEAKER_01]: Yeah, that's awesome.
31:22
[SPEAKER_01]: Yeah, fan and air jump here.
31:24
[SPEAKER_02]: Yeah, I think definitely full full disclosure, something that we both have exposure to.
31:29
[SPEAKER_02]: I don't want to speak for you.
31:31
[SPEAKER_02]: I definitely do.
31:32
[SPEAKER_02]: And I know it's been in the, just in the community for a long time.
31:36
[SPEAKER_02]: I remember when it first came out, there was a newsletter on it.
31:38
[SPEAKER_02]: I mean, this was a long time ago.
31:40
[SPEAKER_02]: So it's all the more reason to get involved in the community, go down, check the links below.
31:46
[SPEAKER_02]: This is the time.
31:46
[SPEAKER_02]: It's time to stay educated as we head into the end of the year.
31:49
[SPEAKER_02]: There's going to be some there's going to be some type of movement Some way right on or we can kind of see it on the charts.
31:55
[SPEAKER_02]: There's going to be a resolution of something going on So you're going to want to stay locked in and if you're new here check the bottom right hit or our logo You can subscribe and please give this video like drop something in the comments.
32:07
[SPEAKER_02]: Let us know what you're thinking about
32:09
[SPEAKER_02]: We really appreciate everybody tuning in.
32:12
[SPEAKER_02]: Again, we have that aero-drome interview coming out on Thursday.
32:15
[SPEAKER_02]: We'll be back on Friday with another rundown.
32:17
[SPEAKER_02]: It is a full week of content here at Crypto 101.
32:20
[SPEAKER_02]: We always appreciate everybody tuning in.
32:22
[SPEAKER_02]: Thanks so much for tuning in and we will talk to you later this week.
32:26
[SPEAKER_02]: All right, goodbye, everybody.