Latest / CRYPTO 101 / Crypto Rundown: Bitcoin Rips, Vanguard Flips, Bank of America Goes 4%, and Whales Reload

Transcript

Crypto Rundown: Bitcoin Rips, Vanguard Flips, Bank of America Goes 4%, and Whales Reload · CRYPTO 101

0:00
[SPEAKER_03]: Welcome to the Crypto101 podcast presented by Gemini, your bridge to the future of money.
0:14
[SPEAKER_03]: And welcome back from Thanksgiving break.
0:16
[SPEAKER_03]: We put it out our rundown with Brian and Brendan, a dynamic duo last week.
0:21
[SPEAKER_03]: And we said we were gonna wait and see what happens over the markets of the low liquidity weekend and Brian were back.
0:27
[SPEAKER_03]: You know, the bears said we were dead.
0:29
[SPEAKER_03]: We had a couple trying weeks here on the rundown and we had everybody stick with us.
0:34
[SPEAKER_03]: We said we checked how many times do we check, Brian?
0:36
[SPEAKER_03]: Is the light on?
0:37
[SPEAKER_03]: It's on.
0:38
[SPEAKER_03]: It's on.
0:39
[SPEAKER_03]: It's on.
0:40
[SPEAKER_03]: Listen, how bullish is this rundown?
0:42
[SPEAKER_03]: We'll do some ETF flows, even when price is going down, the ETF flows were coming in.
0:47
[SPEAKER_03]: Vanguard, the program that we predicted, sorry, we predicted on this program that one day they will flip.
0:54
[SPEAKER_03]: One day they will open the floodgates to Bitcoin.
0:56
[SPEAKER_03]: Today is that day folks.
0:58
[SPEAKER_03]: Bank of America is literally telling you they're giving you personal financial advice, which on this show you don't get personal financial advice.
1:04
[SPEAKER_03]: But Bank of America is giving you personal financial advice saying 4% buy Bitcoin, buy crypto.
1:10
[SPEAKER_03]: The FDIC is looking into implementing the Genius Act.
1:14
[SPEAKER_03]: Guys, there's so much Bitcoin and crypto news going on that even Elon Musk is talking about Bitcoin and how energy will be the future of money and business.
1:24
[SPEAKER_03]: is a practicing asset of energy equals money.
1:27
[SPEAKER_03]: We also have some and that's why Brian is here.
1:30
[SPEAKER_03]: We'll do those at the end of the show.
1:32
[SPEAKER_03]: And if we have some time, maybe we'll dive into the prediction markets because we've been having fun with that.
1:36
[SPEAKER_03]: Brian, welcome back to the show.
1:37
[SPEAKER_03]: I hope you had a great Thanksgiving.
1:39
[SPEAKER_03]: I hope you're ready for the holiday season.
1:41
[SPEAKER_03]: But guys, it's awesome to be here.
1:43
[SPEAKER_03]: It's a fun day when markets are up.
1:45
[SPEAKER_03]: The markets are ripping right now and Brian, how are you?
1:49
[SPEAKER_03]: Yeah, man.
1:50
[SPEAKER_04]: I'm doing great.
1:51
[SPEAKER_04]: We had an interesting movement with the prices over the past few days.
1:54
[SPEAKER_04]: I'll tell you that.
1:55
[SPEAKER_04]: It seemed like when we did our last run down, we kind of bought him ticked right around there and then we just kept climbing and I was loving it over the past few days and then yesterday we pretty much got just it was a sea of red out there and we were back to like $84,000 Bitcoin.
2:13
[SPEAKER_04]: And again, I'm a permable, so I wasn't overly concerned, but I don't like to see the market going south.
2:20
[SPEAKER_04]: I like when we're all ripping, when we're fun, when we're energetic, and then today, had some bullish news come out, some things that we've been talking about for some time, some catalysts, and what we're sitting above about a $92,000 Bitcoin, which
2:34
[SPEAKER_04]: uh... it it's kind of funny because uh... you we i feel great and ninety two thousand if you told me there's a couple months ago but wait we lost a hundred but uh... you know it's all relative at the end of the day there's a lot of bullish reasons out there and we'll get all of them today
2:51
[SPEAKER_03]: Yeah.
2:52
[SPEAKER_03]: I couldn't agree more.
2:53
[SPEAKER_03]: It's exciting to be here.
2:55
[SPEAKER_03]: And I'm I'm getting a reading that I'm getting some difficult difficulties on my end.
3:00
[SPEAKER_03]: I'm trying to juggle everything here.
3:03
[SPEAKER_03]: Brian, I am going to have to maybe refresh and jump out.
3:07
[SPEAKER_03]: I'm not quite sure yet.
3:08
[SPEAKER_03]: I'm waiting for a confirmation.
3:09
[SPEAKER_03]: But let's say I'm going to hand it off to you.
3:11
[SPEAKER_03]: If you want to pull a coin market cap on your end and just kind of give us the overview, I try to figure this out.
3:17
[SPEAKER_04]: Yeah.
3:17
[SPEAKER_04]: You want me to share the screen?
3:22
[SPEAKER_04]: Hold on, everyone, see when the producer goes down, you got to come in with the cape on here and I am ready to get a little share screen here for everybody.
3:31
[SPEAKER_04]: We're allowing some permissions.
3:36
[SPEAKER_04]: All right, there it is, look at that, man.
3:38
[SPEAKER_04]: It's like I've done this before.
3:39
[SPEAKER_04]: So looking at CoinMarket cap right now, good old Bitcoin, we just talked about it a moment ago.
3:44
[SPEAKER_04]: An over $92,000, absolutely stellar right there.
3:49
[SPEAKER_04]: We love to see that because as of yesterday, we were right around $84,000, and I was thinking of my head or we're gonna lose that support of 80, but we got some great news out there.
3:59
[SPEAKER_04]: There's a lot of reasons.
4:00
[SPEAKER_04]: We'll get talk about, we talk about all the time on the rundown.
4:03
[SPEAKER_04]: Why we're so bullish in the crypto market?
4:06
[SPEAKER_04]: But we're definitely chopping.
4:08
[SPEAKER_04]: We got some volatility out there in Ethereum recaptured that $3,000 mark and a good old Solana is closing in on $140.
4:17
[SPEAKER_04]: As of yesterday, I think it was right around $122 and 140 is a great number to see right now.
4:24
[SPEAKER_04]: So we love to see it, but this fear and greed meter still sit right around to 16.
4:29
[SPEAKER_04]: I'm not I don't think we should be in extreme fear.
4:32
[SPEAKER_04]: I think there's a lot of reasons that we should be very excited about what's happening right now in the market a lot of big pieces of news out there and as of yesterday, I wasn't sure if we could have a Santa's rally, but part of me believes that the Santa rally could still be on, but the market's a moving green and we love to see it.
4:53
[SPEAKER_03]: Yeah, Mike check Ryan, can you hear me?
4:55
[SPEAKER_03]: Am I coming in?
4:55
[SPEAKER_04]: You sound great dude.
4:58
[SPEAKER_03]: Yeah, I don't know what's going on.
4:59
[SPEAKER_03]: I think there's some type of recording issue, but that's what happens when you do live entertainment.
5:04
[SPEAKER_03]: Sometimes it works.
5:05
[SPEAKER_03]: Sometimes it doesn't.
5:06
[SPEAKER_03]: We'll push on.
5:07
[SPEAKER_03]: Yeah, I agree with you that the fear agreed index probably, you know, you're going to see a bounce up into the 20s probably here mid later in the week off.
5:15
[SPEAKER_03]: Brendan said he's interested in coming back on if you can find the time maybe Thursday so we'll just technical analysis with everybody.
5:22
[SPEAKER_03]: My bed is by that time you're going to see this thing in the 20s.
5:26
[SPEAKER_03]: Another note that we had was during the last dip, the actual, the ETFs last week so I did and all the Bitcoin ETFs were positive.
5:36
[SPEAKER_03]: So even though, you know, price went back down in the low 80s, people, you know, again, Tradify and study by from I bear and all the other ETFs that actually ended up with an inflow on the week, which I thought was was pretty interesting.
5:50
[SPEAKER_03]: And then this one right here, which I thought is worth bringing up.
5:55
[SPEAKER_03]: So what we have here is the number of wallets holding over a thousand bit coin just just went vertical.
6:02
[SPEAKER_03]: So you kind of, you can see that the disparity on the chart here, the green line is the number of wallets that are holding a thousand or more were low.
6:10
[SPEAKER_03]: And you kind of had that cross intersection, there's a little bit of offloading.
6:13
[SPEAKER_03]: We talked about how we, a lot of the whales were selling, whether it was just they've had enough profit in the radar roll or maybe you have some traders there,
6:22
[SPEAKER_03]: And then you can see even as price went up, the number of walls continue to offload and then just a absolute massive spike there to the upside and so you know that that's in my in my estimation that's the dip accumulation for a number of different whales this one.
6:41
[SPEAKER_03]: me as like all right that makes a lot of sense and this is it you know again it's never personal financial advice for the show Brian and I are not financializers just a couple friends talking crypto but that's a sign that people are starting to step in here.
6:55
[SPEAKER_04]: Yeah, I love to see this as well.
6:57
[SPEAKER_04]: And especially when we're still kind of in this this tax year of, you know, 2025, you know, you only have to wait 30 more days.
7:03
[SPEAKER_04]: The, you know, if you guys start buying heavy, you're back in the 2026.
7:07
[SPEAKER_04]: But this is great to see because we see this all the time.
7:09
[SPEAKER_04]: We were talking about that length about whale selling.
7:12
[SPEAKER_04]: They were selling into the ETF.
7:13
[SPEAKER_04]: So they were selling when we were at a
7:15
[SPEAKER_04]: $120, $110,000 Bitcoin.
7:19
[SPEAKER_04]: Obviously, it must have clicked over at a certain price right around that $80,000 range because as you can see, they started to gobble it up and I think that's a really telling sign.
7:29
[SPEAKER_04]: So what we saw over the past few days is that traditional finance, the ETFs had positive inflows,
7:36
[SPEAKER_04]: Tradify is buying and continuing to buy crypto and now we have these wallets that have millions of millions of dollars worth of Bitcoin that was selling pretty consistently.
7:46
[SPEAKER_04]: Now they decided to flip the script and they're buying it back up.
7:50
[SPEAKER_04]: Love to see it.
7:51
[SPEAKER_04]: I'm I'm very bullish on this.
7:52
[SPEAKER_04]: I don't think a lot of people are talking enough about this because it really shows that there could be some strength in the market right here.
8:00
[SPEAKER_04]: I don't again, not sure if we're out of the woods yet, but this is some very strong signs that
8:05
[SPEAKER_04]: I think there's probably 40% chance that we did hit that local bottom and we're going to rip up.
8:13
[SPEAKER_03]: Yeah, and everybody, I keep getting the questions of, you know, what happened and why Bitcoin's down so much, why scripted down so much.
8:19
[SPEAKER_03]: And there's a variety of reasons we've tried to cover at the best weekend with kind of the liquidity talking calmly.
8:25
[SPEAKER_03]: And then there was the, you know, Tom Lee is mentioning there was the glitch and somebody blew up and they won't name names.
8:32
[SPEAKER_03]: I hopefully eventually we get answers.
8:34
[SPEAKER_03]: I think there was something over the weekend too.
8:37
[SPEAKER_03]: The Japanese I believe Prime Minister talked about a little bit more of like a hawkish stance of possibly raising rates and ending free money and that spook some people and that that was kind of
8:49
[SPEAKER_03]: Again, all this bad news just keeps getting flushed in and flushed out.
8:52
[SPEAKER_03]: And I think, I don't know, Brendan might have some thoughts on on that as like a global liquidity call.
8:58
[SPEAKER_03]: But I don't know.
8:59
[SPEAKER_03]: I just feel like we've kind of hit that bottom where like, yeah, there's just going to pile on the negative news.
9:04
[SPEAKER_03]: And you got to see where it goes.
9:05
[SPEAKER_03]: And we're in this range of, you know, a could break to the downside of what 775, or we're up here in the 90s.
9:12
[SPEAKER_03]: You know, that's our band, I think, for the foreseeable future, and then if we can break above it, you know, 100K eventually will be the next magnet to the upside when we clear all this bad news out.
9:24
[SPEAKER_03]: But with that said, King of accumulating low, I'd like to take a little victory lap on this one with Vanguard allowing crypto ETFs starting today.
9:36
[SPEAKER_03]: So it is December
9:39
[SPEAKER_03]: I have a van guard account that that used to have a lot more money in it and I was part of the the plethora that was just transferring money out and it was partly protests, but partly because I just think that, you know, they weren't listening to the users that they were parading around that Bitcoin was a bad asset all while letting people buy micro strategy, which we've talked about on here never made any sense like, oh, you can't buy the Bitcoin ETF, but you can buy leverage.
10:07
[SPEAKER_03]: you know big coin treasury company never made any sense but they they finally bent the knee and before we kind of take it around it is something that you know we haven't covered lately because it's been kind of back you know back to our news but when this was going on I remember us really tossing this football around especially Brendan and I have just
10:27
[SPEAKER_03]: kind of going on a rant how it was ridiculous and they since then they've moved on, but I found a clip of their new seat.
10:33
[SPEAKER_03]: I'm sorry, I found a clip of their old CEO talking about Bitcoin.
10:37
[SPEAKER_03]: Now, you know, he's a longer round for reasons that are pretty obvious, but let's let's hear just the verbage, because I think this is early 24 when the ETS first went live and the old Vanguard CEO, the verbage around Bitcoin, just to see how far we've come, I think, of all the big
10:57
[SPEAKER_00]: Spot Bitcoin ETFs question came in.
11:00
[SPEAKER_00]: Hey, we know you're not offering one.
11:02
[SPEAKER_00]: Have you changed your mind?
11:03
[SPEAKER_00]: What would it take for you to change your mind?
11:05
[SPEAKER_00]: We don't plan to and we don't like we're not going to change our minds around this.
11:12
[SPEAKER_00]: unless the assay class changes before why first, well, we don't believe belongs, like a Bitcoin ETF belongs in a long-term portfolio, someone saved them to the retirement, speculative asset.
11:23
[SPEAKER_00]: That's exactly it.
11:25
[SPEAKER_00]: And the funds that we offer invest in assay classes that actually have underlying cash flow.
11:31
[SPEAKER_00]: So, like we mentioned, stocks, you're buying the four earnings of a company, right?
11:36
[SPEAKER_00]: And that bond.
11:37
[SPEAKER_00]: All right, as coupon and principle payment.
11:39
[SPEAKER_00]: Yeah, you're going to pay the value and you're paying me something for lending you the money.
11:42
[SPEAKER_00]: Think that.
11:43
[SPEAKER_00]: Right, so they both can be valued.
11:45
[SPEAKER_00]: And that's for us, we understand why they would rise up in a portfolio and the role to play and we can model them.
11:52
[SPEAKER_00]: Something like Bitcoin is just too volatile.
11:55
[SPEAKER_00]: And it's not a story of value.
11:57
[SPEAKER_00]: It hasn't been.
11:58
[SPEAKER_00]: And it's very volatile.
12:00
[SPEAKER_00]: When stocks got hammered in recent crises,
12:03
[SPEAKER_00]: Bitcoin wouldn't write with them.
12:05
[SPEAKER_00]: And so it is speculative, really tough to think about how belongs in a long-term portfolio.
12:12
[SPEAKER_03]: I don't think he's wrong in the sense that saying it's, you know, it's a speculative aspect that we all agree, you know, it is, in the sense of having it available and letting your customers educate, make their own decision, I think we think they work completely wrong.
12:26
[SPEAKER_03]: And then, you know, this was kind of the, the ETS were just coming out and, you know, they would kind of suck their hard stance of a no.
12:33
[SPEAKER_03]: And then it's, I think I'm fine to really interesting that they're going live.
12:37
[SPEAKER_03]: This week is
12:40
[SPEAKER_03]: Bitcoin ETFs are it's top source of revenue which I think is is uh you know congratulations to them I guess but it's just you could you could see why the CEO of Vanguard who made that statement is no longer the CEO of Vanguard.
12:54
[SPEAKER_04]: Yeah, I mean, this is pretty big news.
12:56
[SPEAKER_04]: I mean, Vanguard's an 11 trillion dollar asset manager and it reversed its long-time stance of anti-crypto and it's now embracing crypto.
13:04
[SPEAKER_04]: It's not just embracing Bitcoin in Ethereum.
13:07
[SPEAKER_04]: They're also offering ways to get the Solana and XRP ETF as well.
13:13
[SPEAKER_04]: So they didn't even just dip their toes in and say, hey, we got off of you a Bitcoin ETF.
13:18
[SPEAKER_04]: They're like, we're just giving you the full catalog right now, Bitcoin, Ethereum, Solana.
13:24
[SPEAKER_04]: a ripple.
13:25
[SPEAKER_04]: And I think it should be the persons, whoever puts their funds with Vanguard, it should be their decision if they want to invest in those assets or not.
13:37
[SPEAKER_04]: I'm big on now, big on decentralization and making our own decisions.
13:41
[SPEAKER_04]: So it's great to see Vanguard making this move.
13:44
[SPEAKER_04]: And it's an interesting time for them to make this announcement.
13:48
[SPEAKER_04]: Do you think this is a big reason why we're seeing this pump today?
13:54
[SPEAKER_03]: I think it, I mean, out of the, you know, test that like, what is it, I've just 7% pump on Bitcoin, just as Vanguard, but I think that it's telling of, you know, that this is, this is early innings again, I think in this, in this crypto story, I was thinking about this today.
14:13
[SPEAKER_03]: It's kind of more of a general rant.
14:15
[SPEAKER_03]: But it's like the this cycle specifically for crypto and Bitcoin has been paired with this AI super cycle kind of the 2022 lows of that bear market, you know, and whether it was the tech trade sell off all these massive tech companies went down, you know, 30 50% plus obviously the FTX and crypto crash.
14:36
[SPEAKER_03]: it all kind of had it has had a great couple years you know we're entering into this you know but third, fourth year of this bull market and we've kind of been side by side with the A.I.
14:46
[SPEAKER_03]: trade where I think you know maybe that's why some of just just again a thought thing tank series of like you know why didn't all points season come as much as it did.
14:54
[SPEAKER_03]: Well, you had all these new products, so people were funneling around the blue chips, but also there's been this AI trade that's taken a ton, a ton, trillions of dollars of liquidity from investment in the markets.
15:06
[SPEAKER_03]: And so kind of having those two stories side by side, it's a lot easier, especially for the old dogs just to say, hey, like we're going to stick with this AI trade.
15:15
[SPEAKER_03]: It's the hot and the thing.
15:16
[SPEAKER_03]: And when you have all your money in life's work inside of an account like Vanguard, you don't even have access to it.
15:22
[SPEAKER_03]: And you're listening to
15:23
[SPEAKER_03]: you know, they're financial advisors who are saying exactly what the CEO is saying and so now you can tell that all that tights turning and we've talked about kind of just the macro markets in general how you know we don't think the eye trade is quite in a bubble especially if you compare it to 2000 and then you got to bring into it to affect that hey if we're in the let's throw out you know baseball nine in the game right hey if we're in the third fourth fifth inning of the eye trade
15:48
[SPEAKER_03]: you're kind of in those early innings as well with bitcoin and crypto adoption again you're not in the first inning but but you know when you're getting vanguard to finally bend the knee and offer it you're not in the ninth and either
16:00
[SPEAKER_04]: Yeah, I mean, this is big news out there and there can still be some volatility in the price of Bitcoin in the crypto market.
16:07
[SPEAKER_04]: I even see somebody made a comment that Bitcoin may go down to $80,000 again.
16:12
[SPEAKER_04]: That's entirely possible.
16:14
[SPEAKER_04]: I don't think we're completely out of the woods yet, but it does feel like the pros or the bull case.
16:20
[SPEAKER_04]: feels a lot stronger than the bear case.
16:23
[SPEAKER_04]: Of course we could go down that could happen with macro news in just anything could happen out there.
16:29
[SPEAKER_04]: But when you talk about Vanguard Bank of America, the 401k options brokers offering it now.
16:36
[SPEAKER_04]: We got rate cuts coming next month more likely.
16:39
[SPEAKER_04]: Possible new fed chair.
16:40
[SPEAKER_04]: There's a lot of reasons to be bullish.
16:43
[SPEAKER_04]: about where we're headed in the future.
16:45
[SPEAKER_04]: So of course we could still go down.
16:48
[SPEAKER_04]: We could take a dip.
16:49
[SPEAKER_04]: But that's that's why when we get these major cell-offs.
16:52
[SPEAKER_04]: If it's fundamentally not something wrong, not something broken.
16:55
[SPEAKER_04]: I don't get too scared.
16:57
[SPEAKER_04]: I look at it as another opportunity to build my bag a little bit.
17:00
[SPEAKER_04]: Again, off financial advice is my own personal decision.
17:03
[SPEAKER_04]: But I'm very bullish on where we're headed.
17:06
[SPEAKER_04]: And there's a lot of traditional finance that looks like to be following us in the same way.
17:11
[SPEAKER_03]: Yeah, and again, building off you suck it in there, but the bank of America, uh, 4% recommendation for Bitcoin and crypto, uh, this just posted up today along with the Vanguard news and I tried to dive in to see if, uh, I wonder, let's just open up the article.
17:30
[SPEAKER_03]: Let's see what we can find here.
17:32
[SPEAKER_03]: I wonder if they get more specific, because obviously Bitcoin makes sense.
17:35
[SPEAKER_03]: Um, when they stay crypto, I wonder if they dive into that, um, at all, and get specific of obviously the Bitcoin ETF versus what all coins they could be recommending.
17:47
[SPEAKER_03]: I don't really see any.
17:49
[SPEAKER_03]: They're saying, you're me, I bet.
17:53
[SPEAKER_03]: Yeah, I'm seeing a lot of Bitcoin, uh, uh, ETF allocation, I guess he keeping that open ended, but I don't, I think this is bigger, dare I say this is bigger than Vanguard opening it up, maybe on the same level of
18:08
[SPEAKER_03]: like that that's a bold statement for percent i mean it feels like since we've been waiting and having like the madhogan's of the world back before the ts were live they've been coming on and saying hey it's like one percent we're trying to get everybody to one percent get off zero on a one percent and then you started hearing these you know one to five percent one to three uh... and then there is you know a couple people say more than that but
18:31
[SPEAKER_03]: When you start seeing Bank of America, a Vanguard, and we have some JPMorgan stuff coming up like, you know, again, the people that have been, you know, just anti this movement and this technology and is starting to come around and start talking differently, it is,
18:51
[SPEAKER_03]: You have to make your own decisions, but these shakeouts and these drawdowns just, you know, depending on how you decide to act on it just feels like, you know, you don't want to sell your bags to these these companies that come in and build products around and we've said it countless times of like building this stuff not to get rid of it in a year to five years like you implement.
19:12
[SPEAKER_03]: and implement these products, these are long-term plays.
19:17
[SPEAKER_04]: Yeah, you nailed it.
19:18
[SPEAKER_04]: I mean, big of America, I think I saw it was a two trillion dollar bank and wealth management company.
19:23
[SPEAKER_04]: I know it's definitely in the trillions, and they're not allowing their advisors to allocate in the recommending one to four percent Bitcoin starting in January.
19:31
[SPEAKER_04]: this is just another big headline and it's just another point to show that traditional finance and there's a bigger appetite for crypto and crypto assets moving forward.
19:43
[SPEAKER_04]: Sure, we'll have some short-term volatility where it's obviously going to react a lot harsher compared to some other markets, but I don't know.
19:51
[SPEAKER_04]: I'm not trying to sell my bags to banks right now.
19:54
[SPEAKER_04]: I'm in it.
19:55
[SPEAKER_04]: I'm in it if you're a while.
19:57
[SPEAKER_03]: And the run way is that.
19:58
[SPEAKER_03]: So you brought this up with great was, you know, the FDIC is looking to protect genius act and implementation framework this month.
20:07
[SPEAKER_03]: And so obviously the genius act has a ton of pro-crypto policies in it, mainly around stable coins and other crypto assets.
20:16
[SPEAKER_03]: When the FDIC, and that's the people that ensure your bank, right?
20:21
[SPEAKER_03]: So if you have a bank account, I think the number might be 250k.
20:23
[SPEAKER_03]: Don't quote me on that, but the FDIC, which is the government ensures your money in a bank up to a certain amount.
20:31
[SPEAKER_03]: So if something happens, the government's backing it.
20:34
[SPEAKER_03]: So the fact that the government is all the progenious act framework for bills that are getting past, the FDIC could, you know,
20:44
[SPEAKER_03]: start backing some banking products that are you know have stable coin rails crypto rails I know that's something that you know Scott Besson has been really interested in trying to get you know stable coins more into the system so again I think we're in the early endings of this stuff I saw a quote from Paul Ackens like I don't have it pulled but he was uh
21:04
[SPEAKER_03]: You know, again, building guard rails, giving crypto companies that it was like a crypto innovation type policy to allow crypto companies to IPO maybe easier than the average who should have to jump through.
21:19
[SPEAKER_03]: So again, trying to bring crypto more into the public markets.
21:22
[SPEAKER_03]: is all I'm seeing is that it's that differentiation of the fundamentals.
21:28
[SPEAKER_03]: So when you see price action falling like it has, so violently you start looking around and be like, well, what's changed like has my fundamental story and the belief in this, you know, system product technology is anything changed for you.
21:41
[SPEAKER_03]: And I think
21:42
[SPEAKER_03]: what we've tried to do on this show is like, hey, whoever at a crystal ball, whoever as a crystal ball would make trillions.
21:49
[SPEAKER_03]: Nobody has that.
21:50
[SPEAKER_03]: Even the big, you know, the big guys that everybody loves, the Tom Lees have been, you know, changing their price targets and timelines and nobody has a crystal ball, but what we've been trying to do for you here is gather all the information and try to bring it to you the best that we can.
22:03
[SPEAKER_03]: And from our vantage point, this fund, the fundamentals of our belief in this and I don't
22:10
[SPEAKER_03]: uh uh to chime in is like the fundamentals haven't changed we've just been underneath the covers yes the breaks action has been a word but the fundamentals of what we're looking for to keep moving this industry forward has has continued along in a positive way.
22:23
[SPEAKER_04]: Yeah, you knelted, Tivo, and the garner the days where we're opening up articles that say the United States is banning crypto and digital assets.
22:34
[SPEAKER_04]: I mean, that was the in past cycles, those were literal real headlines in what the United States was trying to do.
22:40
[SPEAKER_04]: Now we're opening up articles where the FDIC is proposing rules to implement the genius act.
22:46
[SPEAKER_04]: the support stablecoins through all of these non-bank and bank companies so we're embracing stablecoins with fed supervision making it so it's safer and it's a one-to-one backed asset so we don't have another Terra Luna collapse.
23:02
[SPEAKER_04]: At the end of the day what I'm trying to say is is that we're getting strong bullish news coming from our administration coming from the government we're building framework
23:10
[SPEAKER_04]: to really become a crypto leader.
23:12
[SPEAKER_04]: And again, the price doesn't always reflect that because it's still considered a risk asset.
23:18
[SPEAKER_04]: And it's volatile.
23:20
[SPEAKER_04]: In volatility, a sale time is not necessarily a bad thing.
23:23
[SPEAKER_04]: But when you just kind of peel back the layers of the onion and you're just really looking at the meat here.
23:28
[SPEAKER_04]: We have pro administration.
23:30
[SPEAKER_04]: We have the FDIC, the SEC now embracing crypto.
23:34
[SPEAKER_04]: We have the stable coin legislation.
23:36
[SPEAKER_04]: We have Bank of America, Vanguard, JP Morgan, all embracing crypto and crypto framework.
23:42
[SPEAKER_04]: They're not going to unravel this.
23:44
[SPEAKER_04]: two, three years down the line.
23:46
[SPEAKER_04]: This is moving forward.
23:48
[SPEAKER_04]: Maybe the price doesn't reflect it as strong as we would hope.
23:52
[SPEAKER_04]: But again, it's it's pretty obvious that we're trying to this entire country is trying to move forward and utilize blockchain and digital assets in a positive way.
24:02
[SPEAKER_04]: And like you said, we bring this to the show.
24:04
[SPEAKER_04]: We we do our own research.
24:06
[SPEAKER_04]: We have our own kind of gut feeling of what's happening.
24:09
[SPEAKER_04]: Nobody has a crystal ball, but it really
24:12
[SPEAKER_04]: the the the facts are is that we're moving forward as a country to embrace crypto it's very clear.
24:21
[SPEAKER_03]: Yeah, just before we move on, I'll just share something with the audience here.
24:25
[SPEAKER_03]: I have this thing on my desk when times get hard.
24:28
[SPEAKER_03]: I have the positive poo affirmations Brian.
24:32
[SPEAKER_03]: So when things get up sometimes you just need a positive poo affirmation.
24:37
[SPEAKER_03]: And so we've been talking about the price action has been killing us.
24:40
[SPEAKER_03]: Everybody's been feeling it.
24:42
[SPEAKER_03]: And sometimes it's hard to come on and make a show and give, you know, good vibes to the people.
24:47
[SPEAKER_03]: But I had this positive poo affirmation here, and I just were the other week, very before Thanksgiving.
24:51
[SPEAKER_03]: I grabbed one out, I opened it up, and I was just like, stay resilient.
24:56
[SPEAKER_03]: Every storm passes, he'd see there.
24:59
[SPEAKER_03]: Stay resilient, every storm passes from my positive poo affirmation.
25:04
[SPEAKER_03]: And I think it's a path to where the market is today.
25:06
[SPEAKER_03]: So thank you, positive poo's keeping me on track.
25:10
[SPEAKER_03]: Speaking of keeping everybody on track,
25:13
[SPEAKER_03]: Sailor making some moves and then we've got we've got a whole segment here on MSTR and MSTR raising Cash Brian cash is that you as dollars Brian?
25:26
[SPEAKER_04]: Yeah, I mean, he's he's stacked with a 1.4 billion dollars of a cash reserve.
25:30
[SPEAKER_04]: I think he announced it yesterday to help pay dividends in really to just have a runway there and you could look at this a couple different ways you could look at it is bearish you could look at it is bullish or just really I guess not one of two ways one of three ways or really just neutral this is neutral in my eyes.
25:50
[SPEAKER_04]: Even though I think they even bought like a quite $11 billion worth of Bitcoin as well So they're still buying Bitcoin.
25:57
[SPEAKER_04]: They're still holding Bitcoin.
25:58
[SPEAKER_04]: They're not selling their Bitcoin But Michael Seller as the giga-chat himself the permable of all permables
26:06
[SPEAKER_04]: is like, hey, there's volatility in the market.
26:08
[SPEAKER_04]: I'm not going to want to sell my Bitcoin to if we continue to bleed out for dividend.
26:14
[SPEAKER_04]: So he he put cash out, but it cashes over 1.44 billion and for dividends.
26:20
[SPEAKER_04]: And I think that gives him like 18 months of runway.
26:23
[SPEAKER_04]: I read somewhere along those lines.
26:25
[SPEAKER_04]: So it's probably just smart at the end of the day because he knows it's a ball to ask a class But he's continuing to buy Bitcoin and I'm sure if we had Michael Seller on the show right now He would give us a very elegant what reason why he's such a still a Bitcoin bull and reasons and you just say hey I'm putting a little couple billion to the side of his cash So we're not strapped, you know, and it makes a lot sense to me
26:51
[SPEAKER_03]: Yeah, I think the financial alchemy that's going on not just that micro strategy with all the other products of you know, I think it's I know strategies the main one and then they have all those products that's a little bit of my pay grade don't understand I've tried to look into them, but so I don't want to speak on how they work because.
27:08
[SPEAKER_03]: It's a little above my understanding, but I know that, you know, that's what this money's for saying, hey, I have these products that are giving out these high dividends.
27:16
[SPEAKER_03]: I'm raising enough cash to know that I can, you know, guarantee my commitments to the shareholders.
27:22
[SPEAKER_03]: Again, it looks smart if Bitcoin rallies back to what one, you know, 120 goes back to all time highs and then he's got all this cash for dividends and then he maybe could use some cash to go buy more Bitcoin or the stock rises.
27:38
[SPEAKER_03]: He's doing the financial alchemy that he does, again, if you're subscribing to the religion of Michael Sailer and Michael Strategy, you're definitely defending it if you're somebody that doesn't believe in it, you're saying that he's panicking, I'm with you, I'm neutral in the middle of your interest in his products, you have to go to your own research and see if that's somewhere you want to be.
27:59
[SPEAKER_03]: And if not, you can just, you know, buy Bitcoin and spot and stack your own sets.
28:07
[SPEAKER_03]: how I've always looked at microstrategy.
28:09
[SPEAKER_03]: I think it's, you know, he's obviously a godfather and leader of this base.
28:12
[SPEAKER_03]: So when he does something, it's worth noting.
28:15
[SPEAKER_03]: But you don't have to be all in with him.
28:18
[SPEAKER_03]: And I think, again, raising the money is, I'll say this on the business news channels, the Abelach yesterday with Sailor Tanich.
28:27
[SPEAKER_03]: But I don't necessarily feel it that way.
28:31
[SPEAKER_03]: I think the most interesting thing with some of this is that micro strategy stock is starting to actually trait below its net asset value on Bitcoin.
28:42
[SPEAKER_03]: So I saw this from again, our friends over at the Kobesi letter.
28:45
[SPEAKER_03]: Um, holdings 55 billion debt 8 billion cash reserves announced today, 1.4 billion, you know, debt plus cash 48 billion market cap 45 billion.
28:57
[SPEAKER_03]: So you're 3 billion off, um, could be inch, like this is the stuff that I like.
29:03
[SPEAKER_03]: Um, full disclosure as like a trader when I when I when I try and when I try and find kind of some of these asymmetric plays, I do like them.
29:12
[SPEAKER_03]: So this is now in my radar of seeing, um, again, if this gets a little bit wider, uh, you could have a little bit of quote unquote arbitrage, maybe with micro strategy.
29:22
[SPEAKER_03]: Obviously with some higher risk, but I played this really well, and I kind of give it up to Bryce, because he was kind of coaching me through the information on it, but it was when this is back in the the depths of The 2022 bear that we were just talking about earlier, a gray scale the gray scale trust is before it was ETF at one point it was trading at like a 50% discount of its big coin holdings
29:46
[SPEAKER_03]: And I was kind of talking with Bryce, he's educating on me, I was like, yeah, this is kind of, I like this, I like this type of play and I remember going in on the gray scale trust and I think Bitcoin went up, you know, 50% at one point in my gray scale trust went up 100% and then I did sell that off as kind of like a trade, but this is something to watch for me.
30:07
[SPEAKER_03]: So so any thoughts on that if the strategy market cap keeps bleeding lower than their Bitcoin holdings.
30:14
[SPEAKER_04]: No, I like that arbitrage opportunity, and again, there's still holding $55 billion worth of Bitcoin.
30:22
[SPEAKER_04]: So I do think the talking heads on the news, yesterday saying he was panicking, feels very clickbaity to me.
30:28
[SPEAKER_04]: They want you to watch, they want you, they want to, there's a lot of people pumping as much fear and uncertainty endowed as possible to us.
30:37
[SPEAKER_04]: Now, am I saying that Michael Sailer and Michael Shradji,
30:41
[SPEAKER_04]: They have a very high risk, very volatile way they're handling, you know, microshadget in their books and their money right now.
30:50
[SPEAKER_04]: I don't look at it as a bad thing that they have, you know, $1.4 billion in cash reserve, just to whether the storm, if we even get the storm, it doesn't seem all that bad.
31:00
[SPEAKER_04]: You're slightly hedging your bet, but you nailed it when you have holdings or what, 3.4 above the company's market cap, yeah, the keeps bleeding.
31:10
[SPEAKER_04]: uh... you gave a great example there that you know there will be an arbitrage opportunity so something keep our eyes on obviously but i'm really neutral with everything that's happening here i watch so many shows yesterday where people were just saying that this is the end for microshadji i don't know i'm not on that ban wagon
31:30
[SPEAKER_03]: Yeah, it feels like one of those things like Bitcoin's dead and then it comes back and I had a great trade earlier in the year than not crypto related was like the quantum computing stuff shot up and then it died and when it was dying I kind of around the tariff time I was like well this is only dying because everybody thinks the world's ending the world's not ending so this is going to be a fun little you know rebound trade and I went in on like regetti and all that stuff and again that flew back so.
31:56
[SPEAKER_03]: Again, you kind of got to understand your trades, your entries, your exits, but a big sentiment guy.
32:01
[SPEAKER_03]: That's my, you know, my main role here is gathering up all the sentiment and the sentiment that J.P. Morgan loved Bitcoin continues on as J.P. Morgan is moving Bitcoin into the bond market.
32:13
[SPEAKER_03]: creating a product here that's kind of giving you stuff that we've seen basically Michael Sailor do kind of taking this is why I put this here.
32:21
[SPEAKER_03]: Yeah, taking the Sailor Playbook and starting to offer it to their own people, right?
32:25
[SPEAKER_03]: Like hey, you're protected on the downside and you still get a little bit of the upside the volatility, you know, kind of financial outcome of these products around Bitcoin.
32:33
[SPEAKER_03]: And I thought it was interesting to put it right after the microstrategy discussion, because last week we talked about how, um, what was it, MSCI was kind of going after microstrategy and saying, hey, we might boot them out and not let them in, you know, some of our, uh, collection of companies.
32:51
[SPEAKER_03]: And,
32:51
[SPEAKER_03]: And now these people now J.P. Morgan's making products similar to strategy so like could you make a you know if we wanted to get out the tin foil I got my kitchen over there we go get some tin foil and like wrap our head around and you want to do like the conspiracy theory stuff is there is there a plot to try to take down strategy and Michael sailors so that J.P. Morgan and Jamie diamond can start offering the same products that that strategy does.
33:16
[SPEAKER_04]: Yeah, I could get on board with that.
33:19
[SPEAKER_04]: I could be convinced of that for sure because I think there's a lot going on between the sheets here, between what JP Morgan's planning, what sailors planning, we could speculate.
33:32
[SPEAKER_04]: till the days and we could speculate for two hours on the rundown here of exactly what this means and what they're trying to figure out.
33:39
[SPEAKER_04]: But the end of the day, good old J.P. Morgan, who was anti-crypto just a couple years ago, that was the anti-crypto year ago is now offering even more products out there, integrating Bitcoin and Jamie Diamonds a secret Bitcoin bull.
33:57
[SPEAKER_04]: I want to know what his personal holdings are.
33:59
[SPEAKER_03]: I think I said one time on the show was like, if there was, you know, in the prediction markets, if there was a that that Jamie diamond was not going to go to I'd take some action, I like that I like we would have to sprinkle that you would have got yeah we would.
34:17
[SPEAKER_04]: You got me loud.
34:18
[SPEAKER_04]: Pretty hard.
34:19
[SPEAKER_04]: Just I think it was a tweet from our crypto one and one podcast or something.
34:23
[SPEAKER_04]: It was a, you know, I've been stealing it from you, but Jamie, crypto diamond, every time we announce this something.
34:30
[SPEAKER_04]: And I've used that text message as to people when I was sharing the message, my uncle is a banker and he loves Jamie diamond.
34:38
[SPEAKER_04]: And when we found out that like he was calling it, it's not a pet rock anymore, it's the future.
34:43
[SPEAKER_04]: I love Bitcoin.
34:43
[SPEAKER_04]: I sent him the article and I'm like,
34:47
[SPEAKER_04]: I don't know.
34:48
[SPEAKER_04]: They're flocking to the money.
34:49
[SPEAKER_04]: Traditional finance is embracing crypto.
34:53
[SPEAKER_04]: It's clear.
34:54
[SPEAKER_04]: And I think in a couple years from now, we're going to look back on this and be like, man, wasn't that also obvious?
35:00
[SPEAKER_04]: Like at the time, it felt scary, but it's just so obvious.
35:04
[SPEAKER_03]: Right.
35:04
[SPEAKER_03]: And that's the perfect thought exercise for when FTX was going on and Bitcoin was 16, 18, 20, 25,000 and you know, I know I just started the company, you were just here, so we're all kind of, you know, in our own little cryptosphere is coming together to be a part of crypto 101 and.
35:24
[SPEAKER_03]: Well, it was a scary time, and but like again, we were kind of building towards the future and, you know, started to, you know, buy the nip and it was very scary just overall.
35:33
[SPEAKER_03]: And you're just like, now you look back at that time and really, I was so, like, what an obvious buy 22,000 for Bitcoin was.
35:43
[SPEAKER_03]: What are you talking about?
35:45
[SPEAKER_03]: Why wouldn't you Morgan again?
35:47
[SPEAKER_03]: Never do this.
35:47
[SPEAKER_03]: But why wouldn't you Morgan's the house back in 22 and buy everything you could?
35:51
[SPEAKER_03]: And it's like there's different levels and times and stuff like that of a fear and understanding and consolidation and then there's times of downwardness and there's times of the upward trend.
36:01
[SPEAKER_03]: And it feels like if you look back from that time period we are kind of due for like
36:07
[SPEAKER_03]: I don't know if it's a longer term consolidation, whatever you want to call it.
36:10
[SPEAKER_03]: But again, I've said on the program so many times, like you don't get to buy, if you're a new to Bitcoin, or any asset, like that's hot in the streets in video, any of the attributes, you don't get to come in and be like, okay, I'm on board now, I'm gonna buy this and ride it 300%.
36:26
[SPEAKER_03]: So in my theory that I've said as we approached 100K, it was like, hey, you have all these new people that are now being like, oh,
36:33
[SPEAKER_03]: It's back.
36:33
[SPEAKER_03]: It's good.
36:34
[SPEAKER_03]: The ETF's Black Rock.
36:35
[SPEAKER_03]: It's okay.
36:36
[SPEAKER_03]: I'm in again.
36:37
[SPEAKER_03]: I'm in again at 90.
36:38
[SPEAKER_03]: I'm in again in a hundred.
36:39
[SPEAKER_03]: I'm in again at 110.
36:41
[SPEAKER_03]: You've got to earn your stripes.
36:44
[SPEAKER_03]: I feel like that's where we are in the market right now.
36:46
[SPEAKER_03]: It's like everybody that might have threw in the towel when they bought at 69 and it went down to 18.
36:51
[SPEAKER_03]: They came back.
36:53
[SPEAKER_03]: They came back 90 to 110.
36:55
[SPEAKER_03]: And so they got to get tested again.
36:57
[SPEAKER_03]: You just, you got to get tested.
36:58
[SPEAKER_03]: But I'll tell you what, if you listen to the crypto 101 pod that you are in the right place to go through those tests be a part of the community if you're new bottom right hit our logo and subscribe and again, if you're on the podcast and you're interested in kind of learning more about our community or Brian's community, which we're going to cover momentum money makers a little bit.
37:14
[SPEAKER_03]: Check this out.
37:15
[SPEAKER_03]: We got some good offers if you guys want to get more involved with our team.
37:19
[SPEAKER_03]: But it's always interesting when Elon Musk talks about Bitcoin because he was kind of always one of the OG like, you know, the crypto people would turn to him for doge and just, you know, again, a one-point Tesla was accepting Bitcoin.
37:34
[SPEAKER_03]: So when he talks about Bitcoin, we listen.
37:35
[SPEAKER_03]: Let's look at the listen to the latest Elon quote.
37:38
[SPEAKER_01]: There's still some fundamental currencies if you will.
37:43
[SPEAKER_01]: that are physics-based.
37:45
[SPEAKER_01]: So energy is the true currency.
37:50
[SPEAKER_01]: This is why subbedcoin is based on energy.
37:52
[SPEAKER_01]: You can't legislate energy.
37:54
[SPEAKER_01]: You can't just pass a law and suddenly have the letter energy.
37:59
[SPEAKER_01]: It's very difficult to generate energy.
38:05
[SPEAKER_01]: Especially to harness energy in a useful way to do useful work.
38:13
[SPEAKER_01]: we'll probably we won't have money and probably we'll just have energy, you know, power generation as the de facto currency.
38:25
[SPEAKER_03]: So again, I'm not a huge positive statement, but always interesting.
38:29
[SPEAKER_03]: It certainly wasn't negative, and then I just find it always interesting when he kind of talks about Bitcoin.
38:34
[SPEAKER_04]: Yeah, I mean Elon Elon, you know, is a love hate relationship sometimes because he can just tweet some crazy stuff out like a doge dog riding, you know, rocket to Mars and you know, everyone's like, who is this guy?
38:50
[SPEAKER_04]: But then he said some very intelligent, well thought out things.
38:53
[SPEAKER_04]: And I think he makes some really good points there.
38:56
[SPEAKER_04]: about energy and how valuable energy is and why Bitcoin in its correlation with energy could, you know, just further enhances value.
39:07
[SPEAKER_03]: Yeah, again, just a lot absolute wildcard is everybody knows.
39:11
[SPEAKER_03]: But again, when he talks positively or negatively about Bitcoin, worth listening to when worth chiming in, let's talk about a theorem.
39:19
[SPEAKER_03]: I think this is something that we'll talk about a couple times over the next couple weeks.
39:24
[SPEAKER_03]: But there's the Fusaka upgrade coming on December 3rd.
39:28
[SPEAKER_03]: Again, there's a couple upgrades.
39:31
[SPEAKER_03]: I remember the last one was it pectoral, the pectoral upgrade.
39:34
[SPEAKER_04]: Petra.
39:36
[SPEAKER_03]: Yeah, so again, these upgrades come and go.
39:38
[SPEAKER_03]: They happen.
39:39
[SPEAKER_03]: I think it's you know, it's it's interesting to cover it more so after hopefully it goes successful and understanding what kind of brains there's usually a little bit of rumblings leading up to it nothing too crazy.
39:51
[SPEAKER_03]: But obviously, you know, Ethereum and Tom Lee's bet is kind of kind of taking the
39:57
[SPEAKER_03]: bringing everything on chain right everything from real estate to stocks and everything so, you know, I'm sure this upgrade has Something to do with kind of bringing if you scroll down here, you know the consumer apps faster safe for ED to use data scaling instant transactions mobile ready while it's
40:13
[SPEAKER_03]: Um, again, I think it's, we can maybe, who do you think on our team, maybe like, Rohit or Brendan give us maybe a full, more full breakdown of when this goes through and goes live, the most exciting parts of what they're looking for, so we'll try to bring that to you guys, but something to watch this week and hopefully it goes smooth.
40:32
[SPEAKER_04]: Yeah, this is, I think they're announcing this a DevCon 2025 in Osaka, Japan, and that's actually where the name comes from Fusaka.
40:40
[SPEAKER_04]: It's Fulu, it's the star that's linked to the consensus layer, and they pushed it together with Osaka where this big conference is happening.
40:48
[SPEAKER_04]: And just to really make it simple, what this upgrade's all about, and I don't know if we need to get that deep into it, but it's going to make faster transactions on layer 2s.
40:57
[SPEAKER_04]: It's going to make cheaper fees on these layer 2s.
41:00
[SPEAKER_04]: It's going to be better for developers.
41:02
[SPEAKER_04]: It's going to be a lot easier for node operators.
41:04
[SPEAKER_04]: It's going to be really business friendly.
41:06
[SPEAKER_04]: I kind of went down a rabbit hole here about the business friendly.
41:09
[SPEAKER_04]: How companies can integrate Ethereum much more easily into their systems, because it's going to have this common security standard.
41:16
[SPEAKER_04]: and it's with this all being said in one reason people love Ethereum it's going to stay decentralized.
41:23
[SPEAKER_04]: So with all these improvements, Ethereum's gay keep its core promise at no single person or company will control it, but we're getting all these great upgrades, cheaper fees, faster, better for developers,
41:35
[SPEAKER_04]: So, you know, pectoral was a big upgrade.
41:37
[SPEAKER_04]: This could be another big upgrade in, of course, with Ethereum and its correlation with stable coins and the Genius Act and the Clarity Act.
41:46
[SPEAKER_04]: This is great, and I was really curious where this name came from.
41:49
[SPEAKER_04]: That's why I looked it up, it's a Fulu and Osaka.
41:52
[SPEAKER_04]: So those two names together made the name, because when I saw this come out, I was like, who's coming up with these names?
41:59
[SPEAKER_04]: At least found the origin of where it came from.
42:03
[SPEAKER_03]: got to love that insight from our guy Brian just doing the deep diving research and that makes total sense again right like Robin Hood building on top of arbitrum to try to bring you know the stock market on chain need that everything needs to be faster everything the up time obviously you know Ethereum has the up time record is always being online but the um you're going to start building these apps and so that that connection and quickness between the layer two is is going to be pivotable and pivot cool.
42:30
[SPEAKER_03]: and then the gas fees is everybody knows if you've been around during a wild bull run the Ethereum gas fees or something that people start to complain about when they get a little too high.
42:41
[SPEAKER_03]: So that'll be interesting to see again when we're kind of in that bull cycle and uses that in all time high, how old the fees be.
42:50
[SPEAKER_03]: but we'll keep tabs on you for that again.
42:52
[SPEAKER_03]: We'll circle back on that later in the week and hopefully everything goes smooth for the Ethereum team.
42:57
[SPEAKER_03]: Brian, let's do some momentum money makers.
43:00
[SPEAKER_03]: Again, I remember, you know, MoNad was in the depths of this cell-off.
43:05
[SPEAKER_03]: You guys called MoNad, which was an actual winner.
43:09
[SPEAKER_03]: But we have some news around show, show mascot, show favorite Puggy Penguin.
43:15
[SPEAKER_03]: We're doing Puggy times the NHL.
43:17
[SPEAKER_03]: That's awesome.
43:18
[SPEAKER_03]: Look at that guy go, huh?
43:20
[SPEAKER_03]: What does he think?
43:21
[SPEAKER_03]: Is he a scorer or is he a bruiser?
43:23
[SPEAKER_03]: Looks like a scorer.
43:25
[SPEAKER_04]: He looks like a scorer, man.
43:26
[SPEAKER_04]: Nice little snapshot there by the guy, uh, probably put it right in the middle of the, uh, goalie's chest, but who's, who's, who's, who's gap.
43:35
[SPEAKER_04]: Uh, this is great news and I actually have from the draft king days, I have a relationship or had a relationship with the NHLPA and I don't even know if there's the same guys are still around, but they were always like really interested in NFTs and blockchain and crypto and kind of a cutting edge.
43:52
[SPEAKER_04]: So, I've actually, I was at the very first winter classic.
43:56
[SPEAKER_04]: It was in Pittsburgh, I'm a big Pittsburgh penguin fan.
43:59
[SPEAKER_04]: So, soft spot, no wait, maybe it was the second, it was the second winter classic, because I think the first one was in Buffalo.
44:05
[SPEAKER_04]: I went to the first one, the second winter classic, but really cool event for hockey people out there.
44:10
[SPEAKER_04]: It gets a lot of hype, a lot of diehard NHL people like myself.
44:14
[SPEAKER_04]: love to you know watch the winter classic it's on New Year's Day a lot of fun and again this just goes to show you how some of these pudgy penguins was in a failed NFT company that was acquired by luka nets that turned it into a global IP selling millions of dollars worth of toys I bought their most recent book they have a mobile game they have a meme coin
44:37
[SPEAKER_04]: They're integrating it in all sorts of facets of not just the web three world, but as you can see the web two world.
44:45
[SPEAKER_04]: And they send a huge partnership here with the NHL.
44:48
[SPEAKER_04]: So I'm again, don't have to just keep screaming from the mountaintops, even though it can be extremely volatile, because when Bitcoin takes a big leg down, of course, some of these...
44:58
[SPEAKER_04]: mean coins or smaller market cap coins are going to correct even harder, but they're not going anywhere They just signed a partnership with the NHL in the winter classic great job by the Puggy Penguin team I love what they're doing.
45:13
[SPEAKER_04]: I think their IP is one of the strongest IPs in the entire crypto world And again, I think we're gonna be looking back in a couple of years from now
45:21
[SPEAKER_04]: And be like, man, you remember us talking about Pengu and the Paji Pengu in token at the price it was at and what they were doing and now, you know, I don't want to say they're going to be the next Disney or anything along those lines, but if any web three company has a path to really, really pop off and continue moving.
45:41
[SPEAKER_04]: It's a pudgy penguin team and, you know, not finding it to advice, that's why I'm a holder of a lot of their assets as well.
45:48
[SPEAKER_04]: I'm just bullish.
45:50
[SPEAKER_04]: They know how to move the needle, Lucas, a great CEO, they're signing big partnerships.
45:55
[SPEAKER_04]: It's just another feather in their cap, why they're going to be successful.
46:01
[SPEAKER_03]: Yeah.
46:02
[SPEAKER_03]: Yeah.
46:03
[SPEAKER_03]: I mean, you can attest to this, uh, you know, the knife was falling.
46:08
[SPEAKER_03]: It was just bloody week after week after week.
46:10
[SPEAKER_03]: I just texted me to, I guess I got to buy some pen goo here.
46:14
[SPEAKER_03]: Like, it's all I could really do, uh, you know, but a little buy the dip action.
46:18
[SPEAKER_03]: And, um,
46:20
[SPEAKER_03]: Well, well, we're here.
46:21
[SPEAKER_03]: I saw this on the charts today, just I mean, this 24 hour off the bottom of the pen goo is pretty gnarly 30% and 24 hours.
46:30
[SPEAKER_03]: Again, people are commenting people love this thing, but again, for the month down 30% in a day up 30% this thing is super volatile.
46:39
[SPEAKER_03]: You know, a lower market cap than what most people are used to if you're trading, you know, big coins a lawn and theorems, you have to be very, very careful and certainly do your own research, but if you do zoom out, are we going to get our chart master Brendan on this one for a long turn TA at right here, don't hate it don't hate that support system little curl up there.
47:01
[SPEAKER_04]: Yeah, don't you little curl do not you know when Bitcoin loses a hundred thousand dollars and we're Speed running to 80,000 of course the Pengutokin is gonna get so high and be down 50% on the month That's why it's so important and I've bought way higher than this and I've bought lower than this and I've majority my bias It's probably been higher than this obviously, but that doesn't like determine it's it's one of the few like
47:27
[SPEAKER_04]: small microcap or meme coins we want to call it that when I buy it, I send it to a private wall and I don't really think about it at the end of the day.
47:36
[SPEAKER_04]: I'm just like, okay, I'm gonna continuously like kind of dollar cost averaging because I love what they're doing.
47:41
[SPEAKER_04]: I love the partnerships that they're creating.
47:43
[SPEAKER_04]: And I do believe that once we reclaim some all-time highs in some of the majors that you can see, Bitcoin moves 5% what's Pudgy Penguins do?
47:52
[SPEAKER_04]: It moves 30%.
47:53
[SPEAKER_04]: So you can catch some really nice numbers in some of these moves and they're still cooking.
48:00
[SPEAKER_04]: They're still doing some fun things out there.
48:02
[SPEAKER_04]: And again, I've talked about this on the show.
48:05
[SPEAKER_04]: They have the Pudgy Party game.
48:07
[SPEAKER_04]: It's on my iPhone.
48:08
[SPEAKER_04]: My kids can't get enough of it.
48:09
[SPEAKER_04]: It's a smooth fun game and I do believe that they'll probably integrate the Pengutoken in it eventually and continue to build it out.
48:17
[SPEAKER_03]: Yeah, and the memes is just it's fun again.
48:20
[SPEAKER_03]: Price goes up, it's fun to share the meme.
48:22
[SPEAKER_03]: Price goes down, it's fun to share the memes because it's like, hey, you're just during your little community, uh, suffering together.
48:29
[SPEAKER_03]: Oh, uh, yeah, but beyond we put you, we skate.
48:33
[SPEAKER_03]: get fast.
48:34
[SPEAKER_03]: It's the bar down.
48:37
[SPEAKER_03]: Pudges a bar down.
48:38
[SPEAKER_03]: It's not a brute.
48:39
[SPEAKER_03]: It's a bar down.
48:40
[SPEAKER_03]: You've got some information for the hype token to bring to the people here.
48:44
[SPEAKER_03]: Some interesting news happened recently.
48:47
[SPEAKER_04]: Yeah, well, there was, I don't want to call it fun, but the hype team got a pretty major unlock.
48:54
[SPEAKER_04]: I think we mentioned it on the rundown.
48:56
[SPEAKER_04]: I know I talked about it briefly with our community that the hype team, I'm a big hyper-liquid fan.
49:01
[SPEAKER_04]: I think it's one of the best perks platforms out there.
49:04
[SPEAKER_04]: We're getting easier ways to actually buy the hyper-liquid token, but there's this huge team unlock that was kind of hanging over our heads and they have some more unlocks coming up.
49:14
[SPEAKER_04]: But I believe it was 1.7 million hype was released in the first wave.
49:21
[SPEAKER_04]: So that's a substantial amount of hype even with their buybacks and their buybacks and bronze.
49:28
[SPEAKER_04]: Everybody was kind of like, what's this hype team going to do with this massive release of tokens?
49:36
[SPEAKER_04]: I mean, they all just became instant multi millionaires with this release of tokens.
49:40
[SPEAKER_04]: They don't have a huge team.
49:42
[SPEAKER_04]: I don't believe.
49:43
[SPEAKER_04]: So where they just completely dump it on us and it does feel like the hyperliquid team has made a lot of strong moves throughout this entire year in the in the bear market in the bull market.
49:55
[SPEAKER_04]: It just seems like it makes the right decisions and we got some good good news.
49:59
[SPEAKER_04]: They had minimal selling of this first unlock.
50:02
[SPEAKER_04]: I believe the bankless article that you're on right now said that they have 40% of it got restaked.
50:08
[SPEAKER_04]: So they restake 40% of what they actually got.
50:11
[SPEAKER_04]: They're doubling down and restaking it.
50:13
[SPEAKER_04]: 35% of it, they didn't even touch.
50:16
[SPEAKER_04]: They kept it in the spot value.
50:18
[SPEAKER_04]: And I think it was like 23% 24% that they sold over the counter, which was obviously gobbled up pretty quickly with the buybacks and burns.
50:27
[SPEAKER_04]: So the team took a little bit of a payday, which was deserved.
50:31
[SPEAKER_04]: That's why they set those things up.
50:33
[SPEAKER_04]: you know they've been building a product they they deserve to get a little bit of payday but they didn't dump this like a lot of other I don't want to name the companies out there but a lot of people would just take and just dump it on the market and move on no they restaked it they doubled down for another 40% kept 35% in spot and of course they sold some that got garbled up and didn't really affect the price so I'm still pretty bullish on the hype team but when it when I threw this in our sheep because I know we talked about hype in the past on the
51:01
[SPEAKER_04]: A lot of people are talking about these unlocks and what the team is going to do with it.
51:06
[SPEAKER_04]: At the end of the day, really a minimal selling.
51:08
[SPEAKER_04]: And I feel like it was pretty bullish.
51:13
[SPEAKER_03]: Hey, man, you're the, you're the reason we listened to the last time.
51:18
[SPEAKER_03]: You're the reason why I was subscribed to momentum money makers to get the information like this.
51:22
[SPEAKER_03]: This is stuff that's kind of buried in the news floor.
51:25
[SPEAKER_03]: You're not going to just find this on the timeline anywhere.
51:27
[SPEAKER_03]: This is a Brian and Joe's specialty.
51:30
[SPEAKER_03]: if that type of stuff is what you're interested in and you want the first alerts for this type of stuff like we covered the other week with moan ad going and rip in 50% off of their call while everything else was bleeding out.
51:42
[SPEAKER_03]: It's momentum money makers if you're somebody wants that quicker actionable information check the link below for their momentum money makers
51:49
[SPEAKER_03]: VIP.
51:50
[SPEAKER_03]: It is open and you guys can join Brian and Joe and get those first alerts or if you're interested in something a little bit more of like a first step at a crypto check out on the other links down there.
51:59
[SPEAKER_03]: We have dollar trial for crypto nation as well.
52:03
[SPEAKER_03]: To end the show let's have some fun with the the prediction markets.
52:07
[SPEAKER_03]: I know
52:08
[SPEAKER_03]: Just in general, there are some like creating that for how much money these guys are bringing in.
52:14
[SPEAKER_03]: You send me the link I'm going to pull it up now is with 10 billion in combined volume for these guys, calcium polymarket, just absolute bananas, types of volume and money sloshin around in these prediction markets.
52:29
[SPEAKER_04]: Yeah, this prediction market.
52:30
[SPEAKER_04]: So we got legal battles going on with the state of Nevada and Massachusetts.
52:35
[SPEAKER_04]: They're winning.
52:35
[SPEAKER_04]: They're losing these prediction markets aren't going anywhere anytime soon.
52:40
[SPEAKER_04]: I mean, for goodness sakes, we had the New York Stock Exchange parent company that I see, you know, put $2 billion towards poly market for their valuation.
52:49
[SPEAKER_04]: So,
52:50
[SPEAKER_04]: They're not going anywhere anytime soon.
52:51
[SPEAKER_04]: Why I thought this was so interesting is that $10 billion combined.
52:56
[SPEAKER_04]: I was like, okay, that's great.
52:57
[SPEAKER_04]: But that's one of the strongest months we've seen.
53:00
[SPEAKER_04]: And that's not during the election.
53:01
[SPEAKER_04]: These prediction markets were really hot during the election, during the presidential election.
53:07
[SPEAKER_04]: It's when it got a lot of steam.
53:08
[SPEAKER_04]: People are now still sticking around, still utilizing it.
53:12
[SPEAKER_04]: I know you're into it, my guy, because I'm getting more and more text messages of just absolutely firepicks of you getting in.
53:20
[SPEAKER_04]: So you're going to couchy.com here and there.
53:22
[SPEAKER_03]: Yeah, yeah, man, I've had some heaters.
53:27
[SPEAKER_03]: I might be overstepping my Fred, but the I'm fire on a ironed text to Brian Sunday.
53:33
[SPEAKER_03]: You're turning it.
53:34
[SPEAKER_03]: Hurty, I'm watching me at the press and Kevin, you know, Kevin has that comes on and just drops some tidbits about, you know, maybe being the Fed, the Fed choice, and I'm like, oh, I got a jump on this.
53:45
[SPEAKER_03]: Like, so I go down and it was like 50, 50.
53:48
[SPEAKER_03]: And he said, I can't remember exactly what he said.
53:52
[SPEAKER_03]: where I was like, you know, oh, like, there's rumors that you being the pick, had you feel, and then the way the way he answered the question, just to me, I was just like, he ain't shy away from that at all.
54:02
[SPEAKER_03]: Like, you know, most people in that situation be like, oh, well, you know, whatever the president's going to do, I can't really speak on to blah, blah, blah, blah.
54:08
[SPEAKER_03]: Like, he didn't say that.
54:10
[SPEAKER_03]: He said something that in my brain, I was like, 50, 50 coin flip, I'll take that any day.
54:14
[SPEAKER_03]: And then the odds jumped up this week to like 80% and so that was a great little arbitrage and I had the, you know, again, it's if I'm the person that's losing social media for the team.
54:26
[SPEAKER_03]: So I get a notice that Trump says he's going to announce the new Fed person in 2025.
54:32
[SPEAKER_03]: So I go to Calshy real quick and I take the 50 50 on it.
54:34
[SPEAKER_03]: and then it jumps up to 80.
54:36
[SPEAKER_03]: And then I did saw the the has a thing and I cashed out that at a win and dumped it into has it.
54:42
[SPEAKER_03]: And then Trump today says he's not going to announce it to January.
54:45
[SPEAKER_03]: Charly like I feel like I'm sharp right now.
54:49
[SPEAKER_04]: I'm sharp.
54:51
[SPEAKER_04]: I mean, Trump's on this roll cut.
54:53
[SPEAKER_04]: Trump's getting his rate cut thing for more likely.
54:55
[SPEAKER_04]: So he's like, all right, we won't embarrass you.
55:01
[SPEAKER_03]: Exactly, we covered that on the show and then so I did cash out has it today too, because between the two was like a hundred percent win.
55:09
[SPEAKER_03]: So I'm like, all right, I'm taking that out because what I have this week and we covered this I think two weeks ago, maybe in you, I put something there's the dealbook summit this week and best it's speaking.
55:21
[SPEAKER_03]: And we talked about this one on the show.
55:23
[SPEAKER_03]: You said you were riding with me.
55:25
[SPEAKER_03]: I thought we actually went.
55:26
[SPEAKER_03]: No, okay.
55:27
[SPEAKER_03]: Well, it's about Charlie.
55:29
[SPEAKER_03]: All right, we got this right.
55:31
[SPEAKER_03]: We gave this out two weeks ago.
55:33
[SPEAKER_03]: And it was what we'll Scott Beston's say during the dealbook interview.
55:37
[SPEAKER_03]: We took stock market and stablecoin.
55:40
[SPEAKER_03]: Now stablecoin hasn't moved.
55:41
[SPEAKER_03]: It's 24% still.
55:43
[SPEAKER_03]: However, we took stock market at 37% Brian.
55:46
[SPEAKER_03]: It's now up to 49%.
55:48
[SPEAKER_03]: I like it.
55:49
[SPEAKER_03]: I still have both open, not going to lie.
55:52
[SPEAKER_03]: I haven't, it's, oh, hell yeah.
55:53
[SPEAKER_03]: No, we're right, Matt, one to the, that's why I sold the other ones because I was like, all right, I'm going to let the best of one kind of roll out.
55:59
[SPEAKER_03]: And it's like, how does he not say stock market?
56:02
[SPEAKER_03]: How does he not say, how does he not say that we have the stock markets at an all-time hot?
56:10
[SPEAKER_03]: are having, I don't know if obviously it's not at an all-time high at the second, but he's going to say, hey, the stock market has made X amount of all-time highs this year under President Trump.
56:19
[SPEAKER_03]: That feels like a lay up at 50 to 50 to me, not financial advice.
56:23
[SPEAKER_03]: This is gambling.
56:24
[SPEAKER_03]: Now, stable coin at 24% is not a gimmie.
56:27
[SPEAKER_03]: I don't think that's a gimmie at all, but if they do, if they do, start talking about bonds.
56:32
[SPEAKER_03]: And so here's, here's my thought.
56:34
[SPEAKER_03]: There's a method to this madness, Brian.
56:35
[SPEAKER_03]: If you just think I'm just seeing here just
56:40
[SPEAKER_03]: Now, we've had the most success in the bond market since, I believe it was 2020, I forget exact date, but I've watched Best and Speak all the time.
56:51
[SPEAKER_03]: something that he is parading right now is how much success he's had in the bond market.
56:56
[SPEAKER_03]: And the future of the bond market for him is where he starts talking about stablecoin.
57:00
[SPEAKER_03]: So if the conversation goes into the bond market, he's going to hit stablecoins, I think.
57:05
[SPEAKER_03]: So I'll take after 25%, but I mean, to get to get stock market at 37% two weeks ago, sharp bet, because it's up to 49%, you could already pull out some winnings.
57:16
[SPEAKER_03]: If you wanted, we're going to let it ride.
57:18
[SPEAKER_04]: I'm looking at some of the other mentions he has has here.
57:22
[SPEAKER_04]: These are always fun.
57:23
[SPEAKER_04]: You know, the mentioned markets are fun.
57:24
[SPEAKER_04]: You know, I don't know how much of an edge there is.
57:27
[SPEAKER_04]: But you make some very compelling points.
57:30
[SPEAKER_04]: The only thing with the stock market that's going to kill me, and I think we talked about this when we mentioned it, is if he just says stocks, I'll write.
57:38
[SPEAKER_04]: Like he's like the stocks are at all time high.
57:40
[SPEAKER_04]: I'll break the computer right in front of everybody.
57:42
[SPEAKER_04]: I'll make the kids cry if he just says stocks.
57:46
[SPEAKER_04]: So that's a real threat there, but he's a classy guy.
57:50
[SPEAKER_04]: He wants to throw that stock market in there.
57:52
[SPEAKER_04]: He wants to verbally vomit on us a little bit more new stock market.
57:59
[SPEAKER_04]: I love both those plays, mentioned markets are fun.
58:02
[SPEAKER_04]: Again, it's hamburger money here that we're playing with.
58:06
[SPEAKER_03]: It does.
58:10
[SPEAKER_04]: I was literally just looking at that.
58:11
[SPEAKER_04]: It's up a little bit too,
58:18
[SPEAKER_04]: December 30, 10 a.m. Eastern time.
58:22
[SPEAKER_04]: Yep.
58:23
[SPEAKER_04]: Yeah.
58:23
[SPEAKER_02]: I don't have, so we watch it live with the screen live, so we get on on my mind.
58:29
[SPEAKER_04]: I mean, I'm fired up to get on YouTube.
58:32
[SPEAKER_04]: You just see me lose my mind that he says stocks and that stock market.
58:37
[SPEAKER_04]: See, recession is always so juicy, but I'm scarred.
58:41
[SPEAKER_04]: Ever since you made the recession about how I'm scarred from them.
58:44
[SPEAKER_03]: Yeah, no, I can't jump on that, but a 39% Yeah, how he said that,
58:51
[SPEAKER_04]: there's no signs of recession like that was the way up that was mean of j power just bully yeah you know he you know not not has it not has it he's a recession sometime he'll be our horse neck and twenty-six
59:08
[SPEAKER_03]: Yeah, yeah, never ends.
59:10
[SPEAKER_03]: Well, out of the phone, Brian, we just hit an hour.
59:12
[SPEAKER_03]: Thank you to everybody on YouTube.
59:15
[SPEAKER_03]: You two, everybody on the podcast and audio.
59:18
[SPEAKER_03]: I'll be back later this week with Brett.
59:19
[SPEAKER_03]: We'll do another episode.
59:21
[SPEAKER_03]: And we have an awesome interview out where you might shake the Fetch AI CEO.
59:28
[SPEAKER_03]: And that was a juice you won kind of going over all the ASI Ocean Protocols Rama of your interested in.
59:34
[SPEAKER_03]: Yeah, I coined space, and generally we talk about that, but then there's a lot of drama over that, and then Royce and Brendan to the Health and Interviews to go check that out.
59:42
[SPEAKER_03]: We appreciate everybody listening.
59:44
[SPEAKER_03]: Glad to see some green in the markets.
59:46
[SPEAKER_03]: Again, the light stays on folks.
59:48
[SPEAKER_03]: This is Crypto 101, with you to run down.
59:50
[SPEAKER_03]: We appreciate y'all, and then you all have good day, everybody.