Latest / CRYPTO 101 / Crypto Rundown: Bitcoin Squeeze Incoming?! The Technical Analysis and News You Need to Know

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Crypto Rundown: Bitcoin Squeeze Incoming?! The Technical Analysis and News You Need to Know · CRYPTO 101

0:09
[SPEAKER_03]: Alright everybody.
0:10
[SPEAKER_03]: Welcome back to the crypto 101 podcast.
0:14
[SPEAKER_03]: It is a special crypto rundown today.
0:16
[SPEAKER_03]: It is the July 4th spectacular.
0:19
[SPEAKER_03]: We've got me.
0:20
[SPEAKER_03]: We've got Brendan.
0:21
[SPEAKER_03]: We're going to be jumping right into the charts in just a second.
0:24
[SPEAKER_03]: Looking at the technical analysis as Bitcoin crawls back above 60,000 and overall in the markets it seems to be a little bit more.
0:32
[SPEAKER_03]: breath coming in the the days of these AI stocks and chip stocks just flying up all by themselves cooled off for now and the good news is the money is not running out of the market.
0:42
[SPEAKER_03]: The money is seems to be sprinkling across to a lot of other assets which is what we want to see.
0:47
[SPEAKER_03]: So we're going to jump into the charts right now.
0:49
[SPEAKER_03]: We've got a ton of other stuff to talk about before we fire up the grills for this July 4th.
0:54
[SPEAKER_03]: The fear and greed index we're going to show you that guys, the Bitcoin whales they're buying.
0:58
[SPEAKER_03]: You're going to want to listen to that.
1:00
[SPEAKER_03]: Robin Hood has some huge announcements you know me long time Robin Hood bull So that'll be fun to talk about they continue to build some news around Ethereum We love to talk about and then we had some awesome Super special super awesome high-end guest on the podcast this week from Coinbase Coinbase and sharp link and so we pulled some news That we thought related to those because those interviews are gonna come out next week
1:23
[SPEAKER_03]: We've got a jam packed episode with you.
1:25
[SPEAKER_03]: We're going to bring in Brendan.
1:26
[SPEAKER_03]: We do apologize before we bring in Brendan.
1:28
[SPEAKER_03]: He has some construction going on around his home.
1:31
[SPEAKER_03]: And I'm going to try my best to edit out the sounds the best I can.
1:35
[SPEAKER_03]: But he's our technical analysis experts.
1:37
[SPEAKER_03]: So we got to put him on.
1:38
[SPEAKER_03]: Brendan's going to jump into the charts.
1:39
[SPEAKER_03]: There might be some background noise again.
1:41
[SPEAKER_03]: We apologize for that.
1:42
[SPEAKER_03]: And then after that, we'll jump into the news.
1:46
[SPEAKER_01]: Yeah, exactly to do this, welcome back everyone.
1:48
[SPEAKER_01]: Good to have all of you here.
1:49
[SPEAKER_01]: Bitcoin having a pretty nice move back to the upside.
1:53
[SPEAKER_01]: So on the day here, we see Bitcoin up almost 3% we see Ethereum up about five and a half salana for XRP up about three and a half.
2:02
[SPEAKER_01]: Then all points here are pretty well.
2:03
[SPEAKER_03]: Do you want to cross pull up the charts?
2:06
[SPEAKER_01]: Yeah, yeah, yeah, we'll get into them for sure.
2:11
[SPEAKER_01]: But I don't know, totally fine, man.
2:14
[SPEAKER_01]: So much going on, Tvo.
2:15
[SPEAKER_01]: I excited to be able to be back with all of you.
2:19
[SPEAKER_01]: So I'll have to throw those on the screen right here.
2:21
[SPEAKER_01]: Let me just make sure that this is work and prop early for us.
2:27
[SPEAKER_01]: And then we are going to be good to go.
2:30
[SPEAKER_01]: So, yeah, I mean, this is what we're seeing.
2:33
[SPEAKER_01]: And again, apologies for any of the back noise bits there.
2:38
[SPEAKER_01]: But Bitcoin here, having this beautiful move back to the upside, right?
2:43
[SPEAKER_01]: We kind of hit new cycle lows on Tuesday night or Tuesday on Wednesday night.
2:49
[SPEAKER_01]: And that's what we saw over in here.
2:50
[SPEAKER_01]: And so if we zoom us in to a shorter time frame,
2:55
[SPEAKER_01]: You can see what this looked like, a Bitcoin taking that kind of very quick dive downwards, getting bought up aggressively off this new cycle low over around 57,700 bucks, and then getting that V-shaped recovery back to the upside here.
3:12
[SPEAKER_01]: So overall, pretty solid recovery, even though we kind of swept in the new lows,
3:18
[SPEAKER_01]: Bitcoin getting bought up pretty aggressively from those areas, which is what we like to see.
3:22
[SPEAKER_01]: So yesterday, obviously, the big buys were coming in.
3:26
[SPEAKER_01]: We saw it kind of happened yesterday.
3:28
[SPEAKER_01]: We bounced off this low about 4% to the upside.
3:32
[SPEAKER_01]: And then today, we're up another two and a half to 3%.
3:35
[SPEAKER_01]: This Bitcoin's recovered from around 57,700 back up to around 61,000 almost 700.
3:38
[SPEAKER_01]: So about $4,000 in buying pressure coming in here on Bitcoin.
3:48
[SPEAKER_01]: And what we see as the result of that is the whole crypto space is really, really rallying alongside this a theory and similar spot not quite cycle those but came down to that point and bounced very heavily off that so theory and bouncing from 1500 flat up to around 1700 dollars, which is where it's at right now and then salana over here as well, you know, going back up to 80 bucks.
4:15
[SPEAKER_01]: So you have, you know, XRP, an error drum up seven and a half and pump here, Tvo is we look back at pump 11 and a half percent hyper liquid, 5 percent to the upside, making a big old push.
4:29
[SPEAKER_01]: And so I like what I'm seeing here.
4:31
[SPEAKER_01]: I really, really am.
4:33
[SPEAKER_01]: And if we go when we look at the rest of the crypto market, there's kind of big winners left and right, you know, error drum up seven and a half percent
4:43
[SPEAKER_01]: Pendo up 6% pump up over 11% sky up 8% here and the list goes on.
4:50
[SPEAKER_01]: So across the board, crypto market really, really green.
4:53
[SPEAKER_01]: I think the key thing that I'm watching for here and the big thing that I'm going to be looking at moving forward is number one, we broke out of this really tight range that we were in.
5:04
[SPEAKER_01]: We saw Bitcoin just chopping around for about a week straight now what we're seeing is that it is breaking out of this a little bit we're going back to the 20 day moving average which we have struggled to break above.
5:17
[SPEAKER_01]: But you're getting a break out of this little consolidation, and we can see this even more clearly on a four hour time frame, but really just back and forth choppy price action here to you though, but we're breaking this to the upside after a failed break lower, so that was the one thing I was worried about is that obviously pressure was coming down here, lots of downside pressure, but you see it getting bought up again and again and again and even with this failure to go lower, um,
5:45
[SPEAKER_01]: That's a decent look, right?
5:46
[SPEAKER_01]: We tried, and at the time I was actually watching this, both Hunter and I were looking at this as it was happening in real time.
5:54
[SPEAKER_01]: It was a pretty gnarly, very quick, flash crash, but then the aggressive kind of, excuse me, the aggression came back in from the buyers.
6:02
[SPEAKER_01]: So I like this, um, failed break to the downside Bitcoin reversing back up here.
6:06
[SPEAKER_01]: Does it mean that there is an overall market reversal in effect now that we failed to go lower?
6:11
[SPEAKER_01]: Not quite yet.
6:12
[SPEAKER_01]: I think
6:14
[SPEAKER_01]: What we're basically seeing here is that it's it's a good first step in the right direction, but I think it's still too small of a move to really say oh my gosh that was it that was the market bottom.
6:27
[SPEAKER_01]: So you still have to be, I think, a little bit hesitant in here.
6:30
[SPEAKER_01]: Again, I'm liking it.
6:31
[SPEAKER_01]: The bulls feel like they're coming back here and keep in mind, Bitcoin's up 3% and if you go and you look at the Tradfice sector, Nasdaq's down 2%.
6:42
[SPEAKER_01]: So down 2% for Nasdaq and the Tradfice sector, up 3% for Bitcoin, that's not something that we've seen a lot of in recent weeks either.
6:51
[SPEAKER_01]: Where you have seen them become a little bit more uncorrelated,
6:56
[SPEAKER_01]: Typically when you see a big flush out in the traditional financial markets, you also get some follow-through on Bitcoin because risk all, excuse me, risk off assets are kind of moving collectively together.
7:07
[SPEAKER_01]: That's not what you're seeing here.
7:09
[SPEAKER_01]: If anything, you're actually seeing a transfer from what was those high risk plays in the traditional financial market over the last two days, you know, specifically with like,
7:18
[SPEAKER_01]: AI infrastructure and anything AI related or memory that are chip related like those look like they're selling off and risk is moving from those into crypto at least over the last two days.
7:32
[SPEAKER_01]: So I think if you are a crypto fan here that's a really positive development and I think it's one that we're going to have to keep, keep track of moving forward.
7:40
[SPEAKER_01]: But yeah, really solid day here for crypto to you though.
7:44
[SPEAKER_01]: The last one today is just yeah.
7:46
[SPEAKER_03]: No, go ahead, please, last thing.
7:48
[SPEAKER_01]: Yeah, yeah, I was gonna say last thing is just keep an eye as Bitcoin's moving back up to the mid 60,000's ish.
7:56
[SPEAKER_01]: That is where you have to watch out for a lower high.
7:59
[SPEAKER_01]: So we have maybe, you know, if we can break the 20, that's resistance one, move up maybe to the mid 60's.
8:04
[SPEAKER_01]: I think you're gonna have some resistance there.
8:08
[SPEAKER_01]: But I still keep an eye on this downtrend because, you know, two green days, it's not enough for us to say that there's a market reversal, especially not bouncing off of fresh lows.
8:17
[SPEAKER_01]: I'm tempered expectations, but overall, I like the vibe.
8:21
[SPEAKER_01]: Keep those charts up for a second.
8:23
[SPEAKER_03]: Is there a way you could pull up the Mag7 for me, Brendan?
8:25
[SPEAKER_03]: I don't know if you have that as a as an ability.
8:28
[SPEAKER_03]: Look, look for that real quick.
8:29
[SPEAKER_03]: And I want to give a shout-out to the chat.
8:30
[SPEAKER_03]: Well, he does that man.
8:31
[SPEAKER_03]: We have 70 plus feels good.
8:33
[SPEAKER_03]: I know the market's been a little up our down up and down, but mostly down lately.
8:37
[SPEAKER_03]: So I love seeing the the chat get a little active.
8:40
[SPEAKER_03]: Where's everybody coming from?
8:41
[SPEAKER_03]: We've got 70 friends and family members out there.
8:43
[SPEAKER_03]: Do as a favor.
8:44
[SPEAKER_03]: give this video like it really helps us grow the show make sure you're subscribed subscribe if you're not and let us know in the comments where you're watching in from a lot of people in the chat today holy whales up in Canada international show as we know we've got and time from uh... new york excellent uh... girl has it all says we go up before we go down that's jessica high jessica and just so brand new of the max seven up for me could find that so
9:11
[SPEAKER_03]: So you can kind of see that choppyness with what time frame we're doing.
9:15
[SPEAKER_03]: That's basically from the air, you know, down, up, down.
9:18
[SPEAKER_03]: You can kind of see that revergency.
9:20
[SPEAKER_03]: What I thought was interesting was you're showing kind of the NASDAQ being a little bit of a cool off, but that mag seven shooting up just a little bit.
9:26
[SPEAKER_03]: And I thought that was a huge kind of part of that rotation of capital because for the broader markets, as you know, I like to kind of get a look and I'm the vibe guy is I'm looking at the broader markets and saying, OK, well, when the chips trade and the AI trade
9:40
[SPEAKER_03]: is the money going to run out of the market or is it going to rotate.
9:43
[SPEAKER_03]: And I think we're seeing a really, really healthy rotation here with, you know, being 2% off of all time eyes around the S&P and the NASDAQ and, and these mag sevens, which are the hyper scalars, which again are spending all this money into the capex, into the chips, into the AI, you know, they could kind of get a slap on the wrist and say, hey,
10:01
[SPEAKER_03]: You're spending all this money and you have, you know, nothing to show for it.
10:03
[SPEAKER_03]: And that's not happening yet.
10:04
[SPEAKER_03]: So I think it's a super healthy rotation, which, again, in these trying times for Bitcoin, in my opinion, I'd love to hear if you agree is important for Bitcoin to see the overall market health and not have just the shoe drop.
10:17
[SPEAKER_01]: I can completely agree with you there, man, not a ton more to add, but I would just say, yeah, no, I think it is important to keep an eye on that.
10:24
[SPEAKER_01]: And I like seeing that there's a bit of divergence here happening with Bitcoin.
10:29
[SPEAKER_02]: Awesome.
10:30
[SPEAKER_03]: Yeah, so I'll kind of take it from here again.
10:32
[SPEAKER_03]: Brennan's got the background.
10:33
[SPEAKER_03]: So I'm gonna chime him in, definitely from time to time.
10:36
[SPEAKER_03]: Wanna give, we're gonna transition into the fear and greed index.
10:40
[SPEAKER_03]: And I wanna give one more shout out to the chat.
10:42
[SPEAKER_03]: We've got Atlanta.
10:43
[SPEAKER_03]: We've got Vancouver, Canada.
10:46
[SPEAKER_03]: One, we've got Tim from Indiana.
10:48
[SPEAKER_03]: What a Friday we have.
10:49
[SPEAKER_03]: We really appreciate everybody tuning in.
10:52
[SPEAKER_03]: If that type of technical analysis is something that you're interested, again, please give this video a like, subscribe.
10:56
[SPEAKER_03]: Check out the link below.
10:58
[SPEAKER_03]: Brendan has his trading cohort open next week.
11:01
[SPEAKER_03]: We put the link there for you guys if you're interested in getting more one on one time with Brendan with Hunter, you know, an hour, two hours a week live trading with them, plus their course to learn all the ins and outs of kind of what they are experts at.
11:13
[SPEAKER_03]: Check out that link below.
11:14
[SPEAKER_03]: As we move over to the fear in greed, we haven't done this in a while.
11:18
[SPEAKER_03]: I thought it was time to pull it up here.
11:20
[SPEAKER_03]: We'll
11:25
[SPEAKER_03]: we see extreme fear.
11:26
[SPEAKER_03]: So last week, 16, last month, 25 was still in fear.
11:30
[SPEAKER_03]: We've been bouncing around.
11:32
[SPEAKER_03]: Again, we haven't gone as low as we went back in February, but again, bouncing around extreme fear.
11:38
[SPEAKER_03]: We have not seen any type of just neutral even for a while now, which, you know, again, a lot of people like to say, this is the accumulation phase.
11:48
[SPEAKER_03]: So kind of keep in tabs on fear agreed, Brendan, if you want to jump in, if it's quiet, give me a thumbs up jump in, say
11:55
[SPEAKER_01]: Yeah, I mean, this is an important zone because the fear and greed when you when you see this thing go into the extreme fear territory, I think that's where the opportunity is historically a lot.
12:05
[SPEAKER_01]: The other thing is that when the fear and greed index gets under a 10, which we've already seen this cycle again, that's when you really want to start paying attention, we're coming out of extreme fear back in the just normal fear.
12:17
[SPEAKER_01]: But again, you don't where do you want to be a buyer do you want to be a buyer when everything's in extreme greed.
12:23
[SPEAKER_01]: Now, typically you want to be buying lower and you want to be buying when everyone else is trying to sell and freak out and worry about everything wrong that could happen.
12:33
[SPEAKER_01]: So if you scroll down just a little bit on this chart, you can kind of see where we're at based on historical lows and how this correlates to price action.
12:42
[SPEAKER_01]: And again, it's not saying it's perfect.
12:44
[SPEAKER_01]: But if you are looking at this from like a longer term value area,
12:49
[SPEAKER_01]: There are versions of this where you can see like way, way, way farther back.
12:52
[SPEAKER_01]: And again, you know, when you get into extreme fear, whether it's a local low or a swing low, you do tend to find some some sort of opportunity on these levels.
13:03
[SPEAKER_03]: Yeah, I think, let's see, does this bring it back?
13:06
[SPEAKER_03]: This is the one that I think you like if I share this one, right?
13:09
[SPEAKER_03]: Yeah, but back in time.
13:11
[SPEAKER_01]: Yeah, exactly.
13:12
[SPEAKER_01]: I mean, you look at this chart and you can say, OK, well, where were some of these dips, what shows you the tariff crash, the geopolitical crash, it shows you the 222 lows, the 2020 COVID lows, the 2018 bear market lows, the 2019 lows, like all these times where you get to that fear and greed index.
13:32
[SPEAKER_01]: And again, the sweet spot is typically been around the 10.
13:36
[SPEAKER_01]: That's where you see a lot of those bottoms kind of coming in.
13:40
[SPEAKER_01]: And it looks as if we're printing higher lows from that kind of initial point that we had for him.
13:45
[SPEAKER_01]: So we'll see, right?
13:48
[SPEAKER_01]: Can we go back lower, we can.
13:49
[SPEAKER_01]: But listen, I'm a long-term buyer down here.
13:52
[SPEAKER_01]: I think there's a long-term opportunity for long-term buyers around this area.
13:56
[SPEAKER_03]: Yeah, we've talked about that over the last couple of run downs is I have my automatic buys on again, just sprinkles on the Sunday again, we're not personal financial advisors, nothing we say is personal financial advice, but just you know, friends talking crypto, friends talking their own personal strategies is, you know, this is the areas where I I turn it on, I don't think about it and you know, I have a risk management plan because they're not huge buys, but it's just.
14:20
[SPEAKER_03]: It's just happening.
14:21
[SPEAKER_03]: We're down here and I'm not thinking about it.
14:24
[SPEAKER_03]: So it'll be interesting to see how those buys do again, three, six months a year from now.
14:30
[SPEAKER_03]: Again, I've seen this all over the timeline, Brendan, have you seen this where it's starting to people are starting to say there's the largest spike ever in whales holding Bitcoin.
14:39
[SPEAKER_03]: They're gobbling it up down here, which again, we kind of covered the opposite months ago.
14:44
[SPEAKER_03]: Again, these are all just kind of
14:46
[SPEAKER_03]: individual things that you probably want to put into your your theories of how you invest or how you trade.
14:52
[SPEAKER_03]: But this is definitely one of those things where I was like, oh, the whales were selling around a hundred hundred ten.
14:56
[SPEAKER_03]: It was interesting.
14:57
[SPEAKER_03]: And then now they're buying the the whales are buying down here at record numbers is the stats that I'm seeing.
15:04
[SPEAKER_01]: Yeah, I did go through this a little bit.
15:07
[SPEAKER_01]: I wanted to see some
15:12
[SPEAKER_01]: want to put them on the spot, but I wanted to see a little bit of a better data to kind of back this.
15:17
[SPEAKER_01]: I know CryptoQuant posts this, but this is from CryptoQuant.
15:20
[SPEAKER_01]: Excuse me, which is pretty reliable and so is Scott.
15:25
[SPEAKER_01]: You know, we love Scott.
15:28
[SPEAKER_01]: It would be curious like who these wallets are, which is something I was trying to do some digging on, but I don't have a ton of luck, but it makes sense.
15:39
[SPEAKER_01]: I think that largely I would agree with this and I would hope that that was the case again.
15:43
[SPEAKER_01]: if something is dipping down into that 50, 60% retracement territory, that's where you typically get the value.
15:51
[SPEAKER_01]: What we would want to see down here is a large spike of whales holding Bitcoin and being interested in Bitcoin.
15:56
[SPEAKER_01]: So I think it makes sense, right?
15:59
[SPEAKER_03]: I like your I'm not going to I'm cutting off a reason so I agree with what you're saying is like we post up these tweets We try to do our research if you're not going to say that you can verify this with our own research Let's not speak it out of our own mouths.
16:11
[SPEAKER_03]: I found a clip of Scott Explanning this so let's pull this up.
16:15
[SPEAKER_03]: It's only 40 seconds long and we'll see because he's referencing You know who's buying and whatnot.
16:20
[SPEAKER_03]: So let's take a look at this while
16:22
[SPEAKER_02]: retail and people who've bought ETFs are panicking and shooting their coins.
16:28
[SPEAKER_02]: I just want to show you the data of something I keep mentioning, which is this right here.
16:31
[SPEAKER_02]: 270,000 Bitcoin accumulated by whales at 59,000.
16:36
[SPEAKER_02]: Largest single accumulation spike ever recorded on chain bigger than the COVID bottom.
16:42
[SPEAKER_02]: Bigger than the FTX bottom.
16:44
[SPEAKER_02]: Right.
16:45
[SPEAKER_02]: So ETF outflows hit 4.5 billion in June, but the smart money, the whales who sold above 120 the huge wallets are now buying back in the largest size ever, which is something that we tend to see at the bottom of markets and not at the top.
17:03
[SPEAKER_02]: What but why all retail and there we go, right out of the horses mouth there.
17:09
[SPEAKER_01]: I think he's spot on about that, too.
17:10
[SPEAKER_01]: I think he's spot on with the keytake away there.
17:14
[SPEAKER_01]: That's what you'd expect to see.
17:16
[SPEAKER_01]: That's what you historically see.
17:18
[SPEAKER_01]: And again, the only reason why I say, if this is true, it's just because we haven't independently verified it, we love Scott.
17:25
[SPEAKER_01]: But just because we haven't gone and done our own independent research on it, if this is true,
17:32
[SPEAKER_01]: It's a really good sign.
17:34
[SPEAKER_01]: And that's why when I look where we're at right here and I say, hey, do we have the potential of more downside?
17:40
[SPEAKER_01]: Yes, but I want to be a long-term buyer here.
17:44
[SPEAKER_01]: So what that means is have I deployed all of my cash, all of my capital, unleveraged up here, mass exposure.
17:50
[SPEAKER_01]: The answer there is no, not quite yet.
17:53
[SPEAKER_01]: But do I want to be buying here and am I buying here?
17:56
[SPEAKER_01]: Yes, I went and I did that yesterday.
17:58
[SPEAKER_01]: I went and I picked up some Bitcoin.
18:00
[SPEAKER_01]: I picked up some ETH, I picked up some Solana.
18:02
[SPEAKER_01]: I went and I am a buyer down here.
18:04
[SPEAKER_01]: I even have leaps on the table, on the table, T-Vow.
18:07
[SPEAKER_01]: They talked about this options, please, where I am levered up, but I'm looking a year, two years out.
18:14
[SPEAKER_01]: So I'm not saying,
18:15
[SPEAKER_01]: Hey, the bottoms in, we're going to go straight up from here for the next day, the next week, the next month.
18:20
[SPEAKER_01]: That's not what I'm saying, saying, hey, a year, two years plus from now, do I think we have the potential to be a lot higher?
18:26
[SPEAKER_01]: I would say yes, and it looks as if the whales are saying the same thing, and that's why they're behaving like this.
18:32
[SPEAKER_01]: So it's a good sign.
18:34
[SPEAKER_01]: I mean, people always want to beat crypto down when it's, when it's, you know, in the gutter, they always want to say it's dead, they want to try to take it out with the trash.
18:43
[SPEAKER_01]: This happens every single bear cycle.
18:45
[SPEAKER_01]: Like it's nothing new to us if you've been around for a while.
18:48
[SPEAKER_01]: I just become accustomed to it, but the true value tends to come in the dips and it always happens when everyone thinks it's going to zero.
18:56
[SPEAKER_03]: right and to build on that point just moving down the sheet is people continue to build.
19:01
[SPEAKER_03]: Again, I think we'll get to one of our guests that we talked about later, but it's the the word.
19:06
[SPEAKER_03]: The buzzword crypto is becoming much more acceptable just in standard finance now.
19:11
[SPEAKER_03]: And Robinhood, just continues to build.
19:13
[SPEAKER_03]: I know this is stuff that you're super excited about.
19:16
[SPEAKER_03]: They're launching their main net.
19:18
[SPEAKER_03]: They're launching another earn.
19:20
[SPEAKER_03]: They're an earn product with a yield.
19:23
[SPEAKER_01]: Robinhood earn so let me let me pass it to you because I know you were super excited about some of this stuff Yeah, yeah, this was something I caught I think get the catch the entire presentation that they have But I was able to catch some of it.
19:35
[SPEAKER_01]: This has been a big deal right they've been working on this for a long time I think it makes sense with them.
19:40
[SPEAKER_01]: They're what a hundred billion dollar company.
19:42
[SPEAKER_01]: I think
19:45
[SPEAKER_01]: It makes sense that if they're going to build out all this tokenization, that they would have their own chain that's optimized to do exactly that and they partnered with arbitrum to do this.
19:54
[SPEAKER_01]: So that's essentially what they're doing here is they're going to say, hey, if you want to trade 24 seven, if you want to trade tokenize stocks, if you want to trade tokenize this or that or anything or even just earn yield, that is what we are going to enable you to do.
20:08
[SPEAKER_01]: and it's a big deal.
20:09
[SPEAKER_01]: Imagine if you can trade anything anytime anywhere.
20:13
[SPEAKER_01]: It's a really big deal.
20:14
[SPEAKER_01]: I would say it matters to us here in the States, but it's a really big deal if you're outside the United States.
20:19
[SPEAKER_01]: You can't get exposure to the Mag Seven, like most people would.
20:23
[SPEAKER_01]: I'm sorry, you can, but it's not easy, right?
20:25
[SPEAKER_01]: For us, we open up our Robinhood and we click by and it's just that simple.
20:29
[SPEAKER_01]: For other people, it's not that easy when you're in different parts of the world.
20:33
[SPEAKER_01]: So,
20:34
[SPEAKER_01]: What this will do is it should increase liquidity.
20:37
[SPEAKER_01]: It should also increase exposure, but allow more money to be transacted in these things.
20:41
[SPEAKER_01]: And I think that's whatever one wants.
20:43
[SPEAKER_01]: It's kind of a win-win.
20:44
[SPEAKER_01]: They're the ones serving the product and they're gonna be getting the attention so they win.
20:48
[SPEAKER_01]: And then I think us as users, we have more freedom, more variety, and hopefully enhance liquidity from this.
20:54
[SPEAKER_01]: And so I'm a big fan of what's going on here.
20:58
[SPEAKER_01]: The one thing that we did,
21:00
[SPEAKER_01]: Maybe talk about internally is are they going to be able to stay at a 7% yield on their stable going USDG?
21:08
[SPEAKER_01]: I don't think so over time, I hope so, right?
21:12
[SPEAKER_01]: I said, hey, I fully plan on taking advantage of this.
21:15
[SPEAKER_01]: Do I think that they're going to be able to hold 7% for forever?
21:17
[SPEAKER_01]: No, probably some of that's coming out of the marketing budget.
21:20
[SPEAKER_01]: They're probably only going to be able to hold it for so long.
21:23
[SPEAKER_01]: Will it go down maybe to?
21:24
[SPEAKER_01]: 4% or 5%.
21:26
[SPEAKER_01]: I would think so.
21:28
[SPEAKER_01]: That's kind of like what we saw with Robin Hood's original yield that they'll give you on cash, right?
21:34
[SPEAKER_01]: I think it used to be higher around like 4% or something and it's come down a little bit over the years, but and then there's offers that you can get to kind of increase your yield, but that's what I'm thinking here, Tvo.
21:45
[SPEAKER_03]: Yeah, it's again, they're just rolling out.
21:47
[SPEAKER_03]: I know Bryce was talking about.
21:49
[SPEAKER_03]: He was fooling around with the agentic trading options that they have.
21:53
[SPEAKER_03]: And it's just good to see.
21:54
[SPEAKER_03]: We've had Yohan curb rat on the show.
21:57
[SPEAKER_03]: Obviously, we want to keep the relationship with them when they look to get them back in the second half of the year as they continue.
22:03
[SPEAKER_03]: to work within crypto and AI and just be, you know, a future, the future of finances as they like to say.
22:09
[SPEAKER_03]: And it's awesome.
22:11
[SPEAKER_03]: It's cool to see that they continue to partner with crypto companies and build on crypto.
22:16
[SPEAKER_03]: And I think it's important to say all of this is built on top of the theorem, which I think is an interesting point.
22:22
[SPEAKER_03]: Because there's some more news out of Ethereum.
22:24
[SPEAKER_03]: This is something we've been slowly kind of covering and coming to the realization of like, hey, the Ethereum foundation is I don't know if checking out the right word.
22:33
[SPEAKER_03]: It's just the next evolution of Ethereum or the Ethereum foundation is having less of a finger.
22:39
[SPEAKER_03]: on the pulse of the day-to-day operations of it and it seems like a new kind of stakeholder has emerged with a thumbs up from Tom Lee here via this tweet.
22:50
[SPEAKER_03]: It's the Ethereum Institutional announcing Ethereum Institutional an independent non-profit dedicated to accelerating the institutional adoption of Ethereum.
22:59
[SPEAKER_03]: It's L2s, like Arbitrum and applications in overall ecosystem.
23:02
[SPEAKER_03]: So it's just, again, I thought this is something it will be interesting to follow how this, you know, evolves the stake, the stakeholder evolves and grows, but again, kind of this new era of youth continues to build as, again, price action has been sad, but I thought that this is good to cover.
23:21
[SPEAKER_01]: Yeah, it's about all in man.
23:23
[SPEAKER_01]: Sorry, let's get a little out over here.
23:24
[SPEAKER_01]: I'll hand it back to you.
23:25
[SPEAKER_01]: Oh, good.
23:26
[SPEAKER_03]: Oh, good.
23:27
[SPEAKER_03]: Well, so everything was built on eat.
23:29
[SPEAKER_03]: And then to kind of cover.
23:30
[SPEAKER_03]: Hey, there's more youth news, sharp link is buying.
23:33
[SPEAKER_03]: So sharp link bought 60 million worth of eat.
23:35
[SPEAKER_03]: They also bought some of their shares.
23:39
[SPEAKER_03]: They had an eight month pause.
23:40
[SPEAKER_03]: So you can't really, you know, you got to give at least the
23:44
[SPEAKER_03]: the the people over there thumbs up say hey it didn't buy anything on the way down but you're buying a nice little chunk at the bottom here i believe they also bought back some shares and we know this because we had the sharp link CIO on the podcast this week uh... Brendan and Bryce did a fantastic interview that's going to be coming out next week um... so again with all this ethereum news going uh... it's cool to talk to one of these dads and mat uh... chef field for cio
24:09
[SPEAKER_03]: of Sharpling joined us this week.
24:11
[SPEAKER_03]: So I thought that was a good teaser of hey tune in next week.
24:14
[SPEAKER_03]: We're going to have some really, really great guests.
24:16
[SPEAKER_03]: Another person that we had on from Coinbase.
24:19
[SPEAKER_03]: His name is John Dagestino.
24:21
[SPEAKER_03]: I want to make sure I say they're on John Dagestino.
24:24
[SPEAKER_03]: I'm going to start this clip here from 30 seconds.
24:26
[SPEAKER_03]: This is basically a sample of what we talked about.
24:29
[SPEAKER_03]: John, new friend of the show.
24:30
[SPEAKER_03]: First time on the podcast, the voice of Coinbase, he kind of said is Brian Armstrong's saw him speak at a conference and has elevated him to be the voice of Coinbase.
24:42
[SPEAKER_03]: You're going to see a lot of media hits from him.
24:43
[SPEAKER_03]: Here he is on CNBC.
24:45
[SPEAKER_03]: The morning before we recorded with him, let's hear what he has to say.
24:48
[SPEAKER_03]: I can kind of give a little sample of the full length, long form podcast with John and Green Day.
24:53
[SPEAKER_00]: Stuff that doesn't really make the front page of the news, but the other day we just did the first stable coin based payment for independent journalists to condense the time they take to receive money from their advertisements from 90 days to one day.
25:08
[SPEAKER_00]: we've seen things like Scottsoraneta, who goes on your show using blockchain and cryptocurrency to solve the problem of deepfakes of the artificial intelligence.
25:20
[SPEAKER_00]: We've seen over 40 countries commit to buying Bitcoin in some fashion for their national balance sheets or other.
25:26
[SPEAKER_00]: So, I'm seeing every day a day lose of new institutional investors that are interested in the asset class.
25:31
[SPEAKER_00]: So, I appreciate for folks who don't have that perspective, they're looking for some grand gesture or grand event.
25:38
[SPEAKER_00]: But for those of us who have the luxury of being on the inside, all we're seeing is steady growth even if the headlines don't match that.
25:46
[SPEAKER_03]: I love that.
25:47
[SPEAKER_03]: The benefits of being inside Coinbase, you know, again, when the negativity is so loud, it goes both ways on the upside when things are super bullish and there's FOMO everywhere, you know, Coinbase can't say a bad thing.
25:59
[SPEAKER_03]: Now when everything's bound and bad, you know, you don't hear any good news.
26:03
[SPEAKER_03]: So John kind of peeling back the walls for us and just really do that day of podcasting we did the other day with to two we did those interviews back to back.
26:11
[SPEAKER_03]: Man, it was so cool having coffee watching John on the CNBC and then having him on the pod.
26:17
[SPEAKER_03]: You know, that's what we do here.
26:18
[SPEAKER_03]: So again, the rundowns are awesome.
26:20
[SPEAKER_03]: We appreciate everybody listening to those and we love our interviews.
26:23
[SPEAKER_03]: And again, you know, we try to get the best of the best.
26:25
[SPEAKER_03]: And I really think next week is one of those halfway through the year prices are down.
26:30
[SPEAKER_03]: But this is where you need to do the research.
26:32
[SPEAKER_03]: So subscribe, hit the like.
26:34
[SPEAKER_03]: You're not going to want to miss those two coming out next week.
26:37
[SPEAKER_03]: Brendan, how's the noise over there?
26:38
[SPEAKER_03]: Anything you want to add?
26:40
[SPEAKER_01]: No, it's a little better.
26:41
[SPEAKER_01]: Sorry, it was unfortunate timing when you tried to loot me in, but no, I think it's great.
26:47
[SPEAKER_01]: You're right, what a killer week of podcasts shout out super producer Tivo for that one.
26:52
[SPEAKER_01]: Man, if you guys do not listen to the podcast normally, you got a tune in here over the next week or two.
26:56
[SPEAKER_01]: We have some really good ones coming out.
27:00
[SPEAKER_01]: But no, not a ton that add there.
27:03
[SPEAKER_01]: Awesome.
27:04
[SPEAKER_03]: We'll wrap up.
27:04
[SPEAKER_03]: I have one more quick hitter.
27:06
[SPEAKER_03]: The chat was super active today.
27:08
[SPEAKER_03]: It is July 4th weekend.
27:09
[SPEAKER_03]: We'll end with some questions.
27:11
[SPEAKER_03]: So if anybody has any questions, if they want to throw in the chat, please do so.
27:16
[SPEAKER_03]: You guys have stuck around for the entire show.
27:18
[SPEAKER_03]: We really enjoy it.
27:18
[SPEAKER_03]: I've got one more thing we can talk about.
27:21
[SPEAKER_03]: And then if there's any questions, please throw them in the chat right now.
27:26
[SPEAKER_03]: because I will look in the chat in about two minutes after we discuss this last point and we will have some fun in the chat before we break for a super fun fourth of July weekend.
27:36
[SPEAKER_03]: My final point, obviously friend of the show, Jamie crypto diamond.
27:42
[SPEAKER_03]: I kind of hinted at the beginning and I think John said this when we interviewed him is like hey crypto as a buzzword.
27:49
[SPEAKER_03]: it's just kind of like it's not as buzz buzz worthy anymore.
27:52
[SPEAKER_03]: It's just getting folded into traditional finance.
27:54
[SPEAKER_03]: It truly is a part of it.
27:56
[SPEAKER_03]: And you continue to see these things like JP Morgan says digital assets are moving into the core of the U.S. financial system.
28:02
[SPEAKER_03]: You know, obviously people prefer probably saying at these levels digital assets over crypto, but even crypto gets used from time to time.
28:09
[SPEAKER_03]: And then you're just still seeing some of these, you know, bigger companies that want to implement this stuff.
28:15
[SPEAKER_03]: And I thought this one was interesting for for AMX, a vice president of stable coin and blockchain partnerships and strategy.
28:22
[SPEAKER_03]: So it's just, it's one of those things.
28:23
[SPEAKER_03]: These projects have a lot of value.
28:25
[SPEAKER_03]: I think,
28:26
[SPEAKER_03]: Um, and Brendan, I love your thought if you could think of a company that's utilizing this publicly.
28:31
[SPEAKER_03]: I mean, I'm sure there's plenty of people building underneath the surface.
28:34
[SPEAKER_03]: I think it's Robinhood and we just covered in the show is like Robinhood is using this technology to try things to test things.
28:40
[SPEAKER_03]: Now, as the Robinhood mainnet going to be around forever who knows is Robinhood yield at 7% going to be available forever, probably not.
28:46
[SPEAKER_03]: I'm sure the 7% offer is more of a marketing introductory offer to try to get people in.
28:51
[SPEAKER_03]: But, you know, these companies, these more old guards, AMX, old guard, JP Morgan, old guard, they're using this verbiage, they're hiring people, they're not hiring somebody at 175 to 282 salary to build something that they think's not going to be here six months in a year.
29:11
[SPEAKER_01]: No, you're right.
29:11
[SPEAKER_01]: They're not.
29:12
[SPEAKER_01]: They're not going to hire a position that pays $200 to $300,000 for something that they think is going to be going here in New Year.
29:19
[SPEAKER_01]: And you're seeing this expand.
29:21
[SPEAKER_01]: There have been a growing number of like high ranking crypto hiring positions from the traditional financial world for a while now.
29:30
[SPEAKER_01]: It continues to increase.
29:32
[SPEAKER_01]: They are doubling down and it's something that I think we're just going to see more of.
29:36
[SPEAKER_01]: I mean, stablecoins
29:40
[SPEAKER_01]: and they're continuing to.
29:42
[SPEAKER_01]: I know that there was a big announcement yesterday.
29:44
[SPEAKER_01]: I guess we we forgot to put it in the sheet today, but it was about, um, oh, what was it?
29:50
[SPEAKER_01]: I think it was USD's zero or something like that and like Coinbase was blocking them, backing them, black rock was backing them and some other big groups were backing them and it was a pretty big deal.
30:03
[SPEAKER_01]: So keep an eye out on on all of this.
30:07
[SPEAKER_01]: Again, I don't think it's going anywhere bear markets happen.
30:10
[SPEAKER_03]: Is that anything to do with circle that news?
30:13
[SPEAKER_03]: I'm trying to find it.
30:14
[SPEAKER_01]: Well, it caused circle to tank.
30:16
[SPEAKER_01]: So you had the stable crypto currency for tether tank and then you had Open U.S. That was it.
30:23
[SPEAKER_01]: Thank you.
30:24
[SPEAKER_01]: Not U.S. T. Zero is open U.S. D. Yes, and it was backed by a bunch of really big players and because of that
30:33
[SPEAKER_01]: You know, you saw competitors just in free fall yesterday.
30:37
[SPEAKER_01]: I think circle felt like 17, 18% or something, but this is going to be a big deal.
30:41
[SPEAKER_01]: So again, what's happening here are people building are they doubling down.
30:45
[SPEAKER_01]: Absolutely.
30:46
[SPEAKER_01]: Yeah, look at this stripe visa master card coin base black rock like The NY standard like the behemoths.
30:56
[SPEAKER_01]: It's a behemoth.
30:57
[SPEAKER_01]: Wow.
30:58
[SPEAKER_03]: Yeah.
30:58
[SPEAKER_01]: IBM Google.
30:59
[SPEAKER_03]: Shout out to me finding my way to this.
31:01
[SPEAKER_03]: This is just pretty good live for this.
31:03
[SPEAKER_01]: Yeah, wow.
31:06
[SPEAKER_03]: Look at that.
31:07
[SPEAKER_03]: Yeah, that's a lot of names.
31:08
[SPEAKER_03]: That's a lot of names around the world.
31:10
[SPEAKER_03]: The common with bank of Australia.
31:12
[SPEAKER_03]: Intercontinental National Australia bank.
31:17
[SPEAKER_03]: Let's see.
31:17
[SPEAKER_03]: Citizens bank.
31:21
[SPEAKER_03]: at those polygons stellar interesting off to do some we can do some read up on this and maybe do a little bit more of a deep dive on it next week yeah fantastic well any of the
31:35
[SPEAKER_03]: Buckle up the only question I see in a chat, which is a good one from Holy Whale is clarity act on July 4th.
31:40
[SPEAKER_03]: Probably not.
31:41
[SPEAKER_03]: Probably not being that.
31:43
[SPEAKER_03]: That's two days away.
31:45
[SPEAKER_03]: So probably not the ads are slipping.
31:48
[SPEAKER_03]: So one month, it's down 15% we are at 40% right now, which again all time is kind of the lowest.
31:55
[SPEAKER_03]: It's been 42 was won.
31:57
[SPEAKER_03]: Yeah, it looks like 39 at one point back January 22nd.
32:03
[SPEAKER_03]: I think we were live on air that day.
32:05
[SPEAKER_03]: I remember that and we mean you and I was like, I'd buy that right there and then you could have sold it at 82.
32:11
[SPEAKER_03]: So back down to 40 obviously your timeframes a lot different that was you had a full year now.
32:15
[SPEAKER_03]: You have half a year for you know, clarity I signed in the law for this specific.
32:21
[SPEAKER_03]: bet I don't know I it feels here's my only thought we have no insight into what's going on behind closed doors in DC my only thought is I just see you know we're Robin Hood coming out with this you know 7% yield mechanism like what are they what are they debating like we're debating stable coin yield but then is there I guess what I'm trying to say is there ways around this like is there already rate ways around this because putting out a product like that
32:46
[SPEAKER_03]: To me, and maybe I'm wrong with to me feels like it would have to, you're waiting for the Clarity Act rules that are road before you kind of do what Robinhood's doing.
32:53
[SPEAKER_03]: But as an innovator, maybe like, hey, we're shooting and asking questions later.
32:57
[SPEAKER_01]: Yeah, you know, yeah, I'm not sure, I'm not sure, but I hope it does get past right.
33:05
[SPEAKER_01]: People are kind of saying, hey, there's a bit of a deadline.
33:07
[SPEAKER_01]: Like the thing needs to happen in July.
33:10
[SPEAKER_01]: The odds continue to fall because the closer we get, more doesn't happen.
33:14
[SPEAKER_01]: But we'll see you know does the crypto industry need the clarity act now, but it sure would be good for long-term structure and growth Yeah, totally.
33:24
[SPEAKER_03]: I'm sorry.
33:24
[SPEAKER_03]: I'm just trying I read this question from Andy I don't know if I understand it he says I have a meta question, but it's been random and you're in your mind ID you see blockchain is vertical or horizontal just my random thing I don't think I understand what that means my
33:41
[SPEAKER_03]: I'm going to say, blockchain is practice is just a quick, quick, Gemini, but blockchain is primary a horizontal technology, much like the internet or a database rather than solving just one specific problem.
33:54
[SPEAKER_03]: It provides fundamental architecture that can be a cried across virtually any vertical from finance and supply chain to healthcare real estate.
34:02
[SPEAKER_03]: I find it funny that it's a horizontal technology, but you can apply it to any vertical.
34:07
[SPEAKER_03]: So there you go, said both.
34:09
[SPEAKER_03]: fun little play on words there we got bandit shout out to bandit he's always in the chat awesome man I really appreciate you Brendan for doing this fourth-inch lie we want to get an episode out for you guys to listen to before the weekend during the weekend or if you want to throw us on the barbecue
34:25
[SPEAKER_03]: and entertain and educate your friends about the future of finance this is the place to do it.
34:29
[SPEAKER_03]: Thank you guys so much for an awesome live.
34:31
[SPEAKER_03]: One last call please give this video a thumbs up.
34:34
[SPEAKER_03]: We've missed awesome lives like you guys.
34:36
[SPEAKER_03]: We appreciate everybody being here.
34:37
[SPEAKER_03]: If you're new, bottom right hit subscribe and check below for the links.
34:41
[SPEAKER_03]: We've got Brendan's trading course.
34:43
[SPEAKER_03]: If you want more Brendan twice a week live for an hour.
34:46
[SPEAKER_03]: Each time check it out, you can also learn his six week micro bull run course.
34:50
[SPEAKER_03]: And then if not, check it out.
34:51
[SPEAKER_03]: We got a couple dollar trials there as well.
34:53
[SPEAKER_03]: If you want to get more involved
34:55
[SPEAKER_03]: Thank you guys so much, Brandon really appreciate you if battle them through with some of the noises, it really wasn't that bad And we will talk to everybody next week happy 4th of July have fun Be safe and we'll talk to everybody next week.
35:08
[SPEAKER_03]: Bye everybody