Latest / CRYPTO 101 / Crypto Rundown: Bitcoin Strategic Reserve News, A Coinbase Altcoin, & FED Week is Here!

Transcript

Crypto Rundown: Bitcoin Strategic Reserve News, A Coinbase Altcoin, & FED Week is Here! · CRYPTO 101

0:09
[SPEAKER_00]: All right, everyone, welcome back to the crypto run down where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology.
0:19
[SPEAKER_00]: From the fundamentals in the news to the technicals on the charts, we spend the time doing hours of research so that you all don't have to.
0:26
[SPEAKER_00]: And then we package it up, we bring it to you completely for free all in under an hour.
0:33
[SPEAKER_00]: Welcome back.
0:34
[SPEAKER_00]: It is September 16th, 2025, and it's good to have all of you here.
0:38
[SPEAKER_00]: There's a lot going on.
0:39
[SPEAKER_00]: There's a lot to talk about, and let me just say it is a massive week for the crypto markets.
0:45
[SPEAKER_00]: It's FOMC week.
0:46
[SPEAKER_00]: We have a lot to talk about.
0:48
[SPEAKER_00]: We're looking at a 98% chance of the fed cutting rates, which directly
0:54
[SPEAKER_00]: At least historically speaking, has been a huge upwards catalyst for the crypto market.
0:59
[SPEAKER_00]: So there's a lot to unpack, it's right around the corner.
1:02
[SPEAKER_00]: And fundamental adoption is increasing to levels that we might not have ever seen before.
1:08
[SPEAKER_00]: And I know
1:09
[SPEAKER_00]: every week we come in here we talk about all the stuff that's happening but it just keeps on escalating in the best ways possible.
1:15
[SPEAKER_00]: I mean just today we're going to be talking about how Coinbase is expanding with maybe launching a token for the base ecosystem.
1:23
[SPEAKER_00]: Google is collaborating with Coinbase for crypto payments.
1:26
[SPEAKER_00]: PayPal is getting in on the crypto payments.
1:28
[SPEAKER_00]: American Express is getting involved in all this.
1:31
[SPEAKER_00]: And of course, we have one of the biggest Ethereum applications Polymarket coming to the US.
1:36
[SPEAKER_00]: Now, there's a lot of other things happening.
1:38
[SPEAKER_00]: The crypto market is moving.
1:40
[SPEAKER_00]: Of course, we're going to take a look at the charts and all that good stuff.
1:43
[SPEAKER_00]: But before I get involved, I mean, Tevo, it's going to be an electric episode.
1:48
[SPEAKER_03]: Yeah, it's, uh, it's full go here.
1:51
[SPEAKER_03]: September's in full swing.
1:52
[SPEAKER_03]: The football's in full swing.
1:53
[SPEAKER_03]: The feds in full swing credits us a couple of weeks ago.
1:56
[SPEAKER_03]: We gave out, uh, that the cowboys just don't have it.
1:59
[SPEAKER_03]: They never have it.
2:00
[SPEAKER_03]: Cowboys over two.
2:01
[SPEAKER_03]: Uh, we were right there.
2:03
[SPEAKER_03]: And then, uh, congratulations to you.
2:05
[SPEAKER_03]: An absolute, uh, butt whipping and fantasy on me this week.
2:09
[SPEAKER_03]: Um, we're just gonna have to rebound.
2:10
[SPEAKER_03]: We're gonna have to be better.
2:11
[SPEAKER_03]: I forgot to set my lineup.
2:13
[SPEAKER_03]: So that's on me, brother.
2:15
[SPEAKER_03]: But congratulations to you and as we move in with the momentum of Fedweek a lot to line up I think that we've kind of covered it a little bit for the most part Last week in our shows nothing super crazy has changed so we're kind of all all eyes are on Wednesday But I think it could be a market moving event We definitely have some stuff.
2:35
[SPEAKER_03]: We're gonna touch on Secretary Decent had some comments As much as nothing's changed over the weekend
2:41
[SPEAKER_03]: The market certainly has expectations and kind of like we've said it feels like it's a clearing event So I think once the decisions made if it's on par with what everybody thinks 25 bips You're not gonna see anything too crazy right off the jump, but it's always about that press conference He gets on the mic and hit you with a good afternoon and it's just all
3:05
[SPEAKER_03]: how bets are off for the next 20 minutes as he speaks and takes questions so we're going to cover all that and more we actually surprisingly have a big episode today so a lot to talk about still we'll sprinkle a little fed in there but we'll definitely be back later in the week with a with a full update.
3:21
[SPEAKER_00]: Yeah, I mean, before we get started, have you seen and I guess we can say this to the audience.
3:25
[SPEAKER_00]: If you haven't seen the funny Fed memes, where your own power comes up to the stand, and it says, good afternoon, and then there's these like edits of the market going crazy and giant candles and rocket ships and all these things, you're missing out.
3:38
[SPEAKER_00]: There's some of the funniest means out there, so check them out if you haven't.
3:43
[SPEAKER_00]: Maybe we can find some and we'll...
3:45
[SPEAKER_00]: repose someone or Twitter or something, but if you haven't seen them you're missing out, but it's gonna be a big wheat nonetheless, and I think you cut it up really well
3:53
[SPEAKER_00]: so much to unpack the crypto markets moving a little bit read on the day here mainly for the altcoin market bit coins down a quarter of a percent so barely in the red altcoins though are a little bit more red across the board we're seeing red anywhere from around two to three percent for the average altcoin nothing too crazy but we have seen a couple of days of bleeding since that rally that we got last week kind of pushing us back towards the all-time highs on a lot of those
4:21
[SPEAKER_00]: which is something interesting and something that will impact.
4:23
[SPEAKER_00]: So, let's just kick things off with a little bit of technical analysis.
4:27
[SPEAKER_00]: We can see what's happening on the charts, and then we'll work our way into all the fundamental news as we normally do.
4:34
[SPEAKER_00]: So, here's what I'm seeing for Bitcoin and Ethereum over here.
4:38
[SPEAKER_00]: Bitcoin, you know, rallying back up towards the upside towards the, the, the, the, the, the later half of last week.
4:45
[SPEAKER_00]: We came down here.
4:46
[SPEAKER_00]: We broke some of the downward trend.
4:48
[SPEAKER_00]: And we moved back above the 20 back above this key trend line.
4:53
[SPEAKER_00]: And then even above the 50 day moving averages.
4:56
[SPEAKER_00]: Well, so now what we're seeing is again, a break in this downward structure that we had from the highs to the lower high.
5:03
[SPEAKER_00]: Lower low lower high, lower low lower high, lower low and we started to see a break as we are coming into this flat level of resistance And seeing a higher lows into a flat level of resistance So we are breaking out of this like an ascending triangle which is a canned chart formation a very bullish one And we kind of have seen this reversal back to the upside on Bitcoin so this has been a really good sign and what we're looking at now Is a little bit of bleed that's happening with Bitcoin where we're back above the 50
5:33
[SPEAKER_00]: We're holding above the 50, but we're kind of just bleeding to the downside just a tad.
5:39
[SPEAKER_00]: So what I'm looking for this week is what I call the slip dip in a rip, or even like a classic break hook and go.
5:45
[SPEAKER_00]: This is where we move up, and we hook back down into the prior resistance levels, and then we continue to the upside.
5:51
[SPEAKER_00]: Some people like to call this the slip dip in a rip where we broke out, and then we slip, we dip, and then we continue into the rip.
5:59
[SPEAKER_00]: And that's kind of the way that I'm looking at this week for the crypto market as I think with the FOMC meeting happening and the talk of interest rate cuts tomorrow, being a high probability, I think we can get some choppy price action here, you know, a little bit of a volatility that could come in here.
6:16
[SPEAKER_00]: And I want to be surprised if we have one of those slip dips and rips, where we have a sudden slip in price, we see it dip down and then the ax is a buying opportunity off of the dip to probably propel us further.
6:27
[SPEAKER_00]: It's kind of the way that I see this playing out.
6:28
[SPEAKER_00]: So we're holding the 50 so far on Bitcoin, which is a really great sign.
6:33
[SPEAKER_00]: But I want to be surprised if, you know, for a short period of time, we've got to dip down a little bit deeper, maybe we come back to 1-12, 1-13, see a retest of those levels.
6:42
[SPEAKER_00]: And then just depending on how we react, I think the markets can continue higher.
6:46
[SPEAKER_00]: Now, Bitcoin so far has been holding up.
6:50
[SPEAKER_00]: better than a lot of the other altcoins.
6:52
[SPEAKER_00]: You look at Ethereum, and I guess you could say, a lot of these altcoins rallied harder than Bitcoin, now they're losing more as well.
6:58
[SPEAKER_00]: So just volatility both ways is something that is happening.
7:03
[SPEAKER_00]: But if you look at Ethereum, I mean, this thing was pressing back into the highs over here.
7:07
[SPEAKER_00]: It hit almost 4,800 bucks, kind of tap this all-time high area.
7:12
[SPEAKER_00]: And now it's been bleeding out ever since Saturday hit.
7:15
[SPEAKER_00]: And we've seen it kind of coming back into these
7:18
[SPEAKER_00]: levels.
7:19
[SPEAKER_00]: So that's going to be another thing that kind of pay attention to over here is hey, as we're coming back down, let's keep an eye on this previous resistance zone.
7:28
[SPEAKER_00]: We know that it barcoded with around 44, 4500 being the ceiling of this for a long time.
7:35
[SPEAKER_00]: As we're coming back into this previous consolidation, I'd like to see this be used as support.
7:39
[SPEAKER_00]: So that Bitcoin can continue to the upside after something like that.
7:45
[SPEAKER_00]: So I'd be looking for that over here on Ethereum and, you know, generally speaking the last thing I'll say before I pass it off is just that a lot of these large cap altcoins are seeing a pressure build into the highs, right?
7:59
[SPEAKER_00]: I think that's the best way to put it.
8:01
[SPEAKER_00]: You see for the most part Bitcoin we zoom out over here, pressure coming from the downside and again we're pushing up towards the highs.
8:07
[SPEAKER_00]: You're seeing this over here on Ethereum.
8:10
[SPEAKER_00]: Again, pressure for the most part into the highs.
8:13
[SPEAKER_00]: Salana, for the most part, you know, of recent months ever since the pivot, pressure into these highs.
8:18
[SPEAKER_00]: You can see it with B and B at all time highs.
8:21
[SPEAKER_00]: You could see it with Tron, which is somewhere down here, again, pushing into these highs.
8:26
[SPEAKER_00]: So a lot of these large caps are leading the way.
8:29
[SPEAKER_00]: They are the ones applying pressure to the upside, but the large caps are typically the market leaders.
8:34
[SPEAKER_00]: So this is kind of what you want to see.
8:36
[SPEAKER_00]: and in every single market cycle you typically have large caps leading the way and it's this funnel effect where the market cycle starts with Bitcoin then large caps then mid caps small caps so on and so forth and we're at the stage of the market right now if we look at the BTC dominance chart where you know we've come down a lot but we're not as far as we have normally fallen and
8:58
[SPEAKER_00]: That just means that there could be more time in the cycle and there could be room for those mid and small caps to catch up and play out.
9:06
[SPEAKER_00]: But we might not be at that stage of the cycle yet, but I do think that it's still coming.
9:10
[SPEAKER_00]: So again, just a lot of attention over here on the large caps, lots of positive price action.
9:15
[SPEAKER_00]: We see him squeezing back into the highs.
9:17
[SPEAKER_00]: And for the most part, that's a good thing.
9:21
[SPEAKER_03]: Yeah, couldn't agree more.
9:22
[SPEAKER_03]: And kind of like we said at the jump of the show,
9:27
[SPEAKER_03]: is a clearing event, right?
9:29
[SPEAKER_03]: So the market's waiting, the market's already pricing in.
9:33
[SPEAKER_03]: So Scott, Scott Besson came out and said, hey, the market is already pricing in, 75 Bips by the end of the year.
9:39
[SPEAKER_03]: So how can you get to that number?
9:42
[SPEAKER_03]: There's, you know, are you gonna do 25 Bips over three meetings?
9:45
[SPEAKER_03]: Are you gonna do,
9:46
[SPEAKER_03]: 50 now and then a hold or you're going to do 25 now and then maybe a 50 at some point.
9:51
[SPEAKER_03]: Again, that's that stuff that you can't really forecast specifically, you know, event are meeting to meeting, but that's why this is such kind of a big event because not only you're going to get.
10:01
[SPEAKER_03]: the number of the rate so that everybody's basically saying it's going to be 25 bips but that's why I said it's so important to kind of listen to that press conference and you can get a lot from when he, you know, makes a statement and then answers questions, you know, I think Jerome tries as best to communicate.
10:18
[SPEAKER_03]: You can definitely disagree with the decisions or overall how the Fed's operated but
10:24
[SPEAKER_03]: I think he does try his best to communicate at where, you know, the fed governors are sitting and kind of give you the whole picture.
10:30
[SPEAKER_03]: So I do give him credit in that sense again.
10:32
[SPEAKER_03]: You could kind of disagree with the direction of where it's going, but he does communicate really well.
10:39
[SPEAKER_00]: Quick little reminder here.
10:40
[SPEAKER_00]: I know we got a lot of other things to talk about.
10:42
[SPEAKER_00]: If you're coming in from Spotify or Apple Podcasts or audible or anywhere else, and you're wondering what we're talking about on this screen here, over on YouTube, we're gonna have the charts, the articles, the data, all these different things, on screen on our YouTube channel.
10:58
[SPEAKER_00]: So if you wanna see all of that head over to the crypto 101 podcast on YouTube, check us out over there and that's where we're gonna have all of the visuals for what we're talking about.
11:09
[SPEAKER_03]: Just to build off that print and actually we have a special link for everybody.
11:12
[SPEAKER_03]: If you go down in the description, the first link I put for everybody, you're doing a one hour technical analysis session this Thursday.
11:20
[SPEAKER_03]: So one hour, basically, if you enjoyed that technical analysis piece.
11:24
[SPEAKER_03]: That Brendan does at the top of every episode even though we only do it for maybe five ten minutes tops.
11:28
[SPEAKER_03]: This Thursday If you're interested for free Brendan is doing a one hour session This Thursday again link below one hour technical analysis Questions you can you know type in Brendan will communicate and chat with everybody and it's yeah It's a really fun session So if you're interested in checking that out free this Thursday link below there check it out
11:51
[SPEAKER_03]: Um, but Brendan, any thoughts on the 75 bips or, you know, you're just, you're kind of again, we're waiting for the clearing event before we move on from that dog.
11:59
[SPEAKER_00]: Yeah, I mean, we'll see what he says.
12:01
[SPEAKER_00]: I would be in line with this, right?
12:04
[SPEAKER_00]: I've seen people talk about maybe even up to a hundred, maybe we get one 50 basis point cut and then we get, um,
12:15
[SPEAKER_00]: I don't know.
12:16
[SPEAKER_00]: Actually, I don't know.
12:17
[SPEAKER_00]: I don't know how I would divide it.
12:18
[SPEAKER_00]: I said that.
12:18
[SPEAKER_00]: I'm going to take it back.
12:19
[SPEAKER_00]: I think we could go up to 100 basis points.
12:22
[SPEAKER_00]: Maybe that's 150 basis point and 125 basis point.
12:25
[SPEAKER_00]: Maybe it's divided up into 325s.
12:28
[SPEAKER_00]: Regardless, I think this is accurate.
12:30
[SPEAKER_00]: I think a 75 basis point rate cut by the end of the year is the likely scenario.
12:35
[SPEAKER_00]: And I think what we likely see is probably three sets of 25 as the most likely scenario.
12:41
[SPEAKER_00]: But as of right now, we're sitting in a 98% chance of a rate cut.
12:45
[SPEAKER_00]: I think it's a 92% chance of a 25 basis point cut, and I think it's a 6% chance of a 50 basis point cut.
12:55
[SPEAKER_00]: But I think that that is the likely scenario for the end of the year, and I'll tell you what, I think that.
13:01
[SPEAKER_00]: three sets of 25 is probably best for the crypto markets.
13:04
[SPEAKER_00]: Because it gives people something to look forward to.
13:07
[SPEAKER_00]: And we always say, you know, crypto performs well during periods of rate cuts.
13:11
[SPEAKER_00]: I think rather than having it all come in at once in a single meeting and having nothing to look forward to after, it's better to kind of spread it out and say, okay, hey, we still have one other one to look forward to.
13:21
[SPEAKER_00]: We have another one to look forward to.
13:23
[SPEAKER_00]: And I think that it's pretty common knowledge that once Jerome Powell gets out of the fed,
13:28
[SPEAKER_00]: It's pretty likely we're going to see more rate cuts after that.
13:31
[SPEAKER_00]: So the more that we can shrink the gap in between the end of Jerome Powell's rate cuts, and then the next Fed chairman who's going to be in there, I think it gives people more hopeiam to look forward to, because they can constantly be looking forward to the next rate cut and being fed.
13:47
[SPEAKER_00]: And maybe hopeiam's not the right word, but you know what I mean here.
13:51
[SPEAKER_00]: It gives people something to look forward to.
13:53
[SPEAKER_00]: It gives them a catalyst to kind of look at and having that
13:57
[SPEAKER_00]: being dispersed over a period of time instead of all it once is probably the best way to go about it.
14:02
[SPEAKER_03]: Couldn't agree more to build on that point than we're going to move forward.
14:04
[SPEAKER_03]: This definitely isn't is an art.
14:07
[SPEAKER_03]: It's not a science.
14:08
[SPEAKER_03]: While there is all this data involved to it and there's a lot of arguments on either side of what to do and you have this governor's board.
14:14
[SPEAKER_03]: Everybody has their opinion.
14:16
[SPEAKER_03]: It truly is an art.
14:18
[SPEAKER_03]: And I couldn't agree with you more.
14:19
[SPEAKER_03]: I think that gradual, you know, let's cut.
14:21
[SPEAKER_03]: Let's cut, but let the 25 25 because if if you do that process of 25 25 and he has a strong thesis on why we're cutting and a strong voice on the economy being strong.
14:33
[SPEAKER_03]: Remember, we just had that jobs revision, so if you're doing the dual mandate of jobs and inflation, jobs is outpacing the worry right now.
14:40
[SPEAKER_03]: So he can talk about that, but he needs to keep a straight focus on kind of that discussion of why he's doing it, and the problem could be as much as, you know, maybe there's somebody out there that thinks like, no, we want 50 right away, cut the 50 bips.
14:54
[SPEAKER_03]: If you cut 50,
14:55
[SPEAKER_03]: And his verbiage is a little shaky on not feeling that confident.
14:59
[SPEAKER_03]: The market could totally roll out of bed because you got to remember.
15:02
[SPEAKER_03]: I mean, big coins up there.
15:05
[SPEAKER_03]: You just went through all those all coins that are approaching all time highs.
15:07
[SPEAKER_03]: We have the NASDAQ, the S&P's, you know, they got all time highs.
15:10
[SPEAKER_03]: So we're kind of priced to perfection.
15:12
[SPEAKER_03]: And even though there's this 50 bips and everybody's excited for cutting rates.
15:16
[SPEAKER_03]: And they think it's a green light for the markets, which it can be.
15:20
[SPEAKER_03]: If he's not confident and doesn't voice confidence in the economy, this I we could roll out a bed here even on a 50 bips if there's not confidence.
15:28
[SPEAKER_03]: So again, it's a clearing event either way and exciting.
15:32
[SPEAKER_03]: We're going to be here to break it down, but let's, well, I'm not good.
15:36
[SPEAKER_00]: I was just going to say for everyone that is curious because again, this will impact the crypto market in one way or another.
15:42
[SPEAKER_00]: That is going to be happening tomorrow at 2 p.m.
15:45
[SPEAKER_00]: these student time, which is when we're going to get the numbers.
15:47
[SPEAKER_00]: And then around 30 to minutes to an hour after, we're going to have Jerome Powell come out and actually talk about what they're thinking and walk us through their decision.
15:57
[SPEAKER_00]: So we get the numbers tomorrow, which is Wednesday at 2 p.m.
16:01
[SPEAKER_00]: and stay tuned for that.
16:03
[SPEAKER_03]: Yeah, we might stream it live.
16:05
[SPEAKER_03]: I know of Brian's free.
16:06
[SPEAKER_03]: I know you're busy, but if Brian's free, we might pop on, but then obviously me and you will be back Friday.
16:12
[SPEAKER_03]: To unpack everything that happened as well.
16:14
[SPEAKER_03]: So stay tuned.
16:14
[SPEAKER_03]: I post in the community if you're interested Maybe tomorrow.
16:17
[SPEAKER_03]: We might do a live stream.
16:18
[SPEAKER_03]: So keep a look out for that Speaking of things that affect the crypto markets.
16:25
[SPEAKER_03]: We didn't even put this on the sheet.
16:26
[SPEAKER_03]: I know I tweeted it and you saw it But there's there's some movement here on the Bitcoin strategic reserve.
16:32
[SPEAKER_03]: So this was without without a ton of specifics
16:37
[SPEAKER_03]: And there's reports coming out that Michael Sailer and multiple crypto executives are going to meet US lawmakers today, so help advance the strategic Bitcoin reserve bill.
16:47
[SPEAKER_03]: So again, this week we have rate cuts coming.
16:50
[SPEAKER_03]: We have the Bitcoin strategic reserve bill.
16:52
[SPEAKER_03]: I mean, all this is complete opium.
16:54
[SPEAKER_03]: I mean, turning on the gas, the gas mask of opium and just sucking it down.
16:59
[SPEAKER_03]: I, we've talked about this on the show of how we, you know, the if this reserve.
17:05
[SPEAKER_03]: if they ever do announce a meaningful buy and I know they're trying to do it in the budget neutral way, but I don't know.
17:13
[SPEAKER_03]: That feels like that feels like rocket fuel.
17:15
[SPEAKER_00]: Yeah, I mean, it does.
17:17
[SPEAKER_00]: And I think there's a chance that we get something.
17:21
[SPEAKER_00]: I know people are never going to be satisfied completely, but I think there's a chance that we get something, right?
17:25
[SPEAKER_00]: We hold all these different currencies and we hold all this gold and other stuff.
17:35
[SPEAKER_00]: Again, my whole argument here is it's hard to say that you're going to be the crypto capital of the world and that you want to inspire innovation all this stuff I think action speak louder than words and how do you prove it will you prove it with some sort of accumulation you can't say that it's going to be this next big thing and that you want to be the crypto capital world and then not do anything to like maybe a accumulator get your hands on more or inspire growth and so I think there needs to be more than just.
18:03
[SPEAKER_00]: an easier and easing of the regulatory environment.
18:06
[SPEAKER_00]: I think some sort of proof of accumulation shows that you're putting in your money where your mouth is and it doesn't have to be anything crazy but just something that people just want something and that's what we're looking for.
18:17
[SPEAKER_03]: Yeah, and then just there's there's there's just more bullish stuff on the timeline and before we get to that good morning to everybody in the chat Very active chat for a Tuesday morning one vision transition.
18:28
[SPEAKER_03]: He's back Rob's here East Coast lobster way down under the sea Noah blue grants here And then apex trading saying that my opium is copium.
18:38
[SPEAKER_03]: I don't know it's he is apex trading bearish Let us know apex trading.
18:41
[SPEAKER_03]: What do you think and for
18:42
[SPEAKER_03]: And then we have Robert as well.
18:44
[SPEAKER_03]: So good morning to everybody.
18:45
[SPEAKER_03]: We really appreciate it.
18:47
[SPEAKER_03]: Anybody else that's out there is throw your name in the chat.
18:49
[SPEAKER_03]: Let us know where you're from.
18:50
[SPEAKER_03]: And if you could, give us a like.
18:52
[SPEAKER_03]: It really helps the channel get pushed and grow.
18:54
[SPEAKER_03]: So toss us a like if you could.
18:56
[SPEAKER_03]: We really appreciate it.
18:57
[SPEAKER_03]: But as mentioned, more bullish news.
19:00
[SPEAKER_03]: uh... shish let me tell you tomley just keeps buying a theorem here's the dates of their a theorem holding uh... going back from july all the way through us a timber here's a timber fourteen uh...
19:14
[SPEAKER_03]: Yeah, that's about a 10 and a half.
19:17
[SPEAKER_03]: I mean, that's 20x and that's unbelievable.
19:20
[SPEAKER_03]: They just keep compiling.
19:22
[SPEAKER_03]: I know we talk about a lot on the show with BitMine, but there's also sharp link.
19:26
[SPEAKER_03]: Tom had his news bit yesterday where he was, I mean, I'll let you hear it for himself.
19:30
[SPEAKER_03]: But again, just absolutely pumping both Bitcoin and crypto and you can see there on the thing, financials and small caps, let's listen to Tom.
19:39
[SPEAKER_02]: I think they could make a monster move in the next three months, like, huge.
19:43
[SPEAKER_01]: If we were to say Ethereum Bitcoin, we try to bucket them into risk of earth assets or risk on-type assets, is it fair to look at them that way, we used to compare them correlation wise to the NASDAQ 100, is that the fair assessment for how these things trade in the coming months?
20:03
[SPEAKER_02]: Yes.
20:04
[SPEAKER_02]: Bitcoin is particularly monetary policy liquidy sensitive.
20:10
[SPEAKER_02]: Ethereum has elements of being sensitive to liquidity, but it's also part of this AI moving on to the blockchain and Wall Street moving on to the blockchain.
20:19
[SPEAKER_02]: And that whole stablecoin chat, CBT moment for crypto.
20:24
[SPEAKER_02]: So Ethereum,
20:28
[SPEAKER_02]: 1971 Wall Street, which was the dollar one off the gold standard, a lot of innovation.
20:32
[SPEAKER_02]: Ethereum essentially is a growth protocol, and that's where it's why Bitcoin is so aggressively acquiring Ethereum.
20:39
[SPEAKER_03]: And as I showed you before, they are quite aggressively acquiring Ethereum and again, that's just he's on national television multiple times a week telling this, you know, telling this theory and you know, I think the one thing you can appreciate if you don't like all the Tom Lee content you're getting on here, then at least you got to appreciate that he's saying it and he's doing it.
21:00
[SPEAKER_03]: We talk all the time about how these big
21:03
[SPEAKER_03]: You know old guards the J.P.
21:04
[SPEAKER_03]: Morgan's Goldman Sachs.
21:05
[SPEAKER_03]: They they tell you no blockchain crypto's bad crypto's criminals big coins a pet rock and then But meanwhile they're building and they're trying to get involved and so what I do appreciate about you know some of the fought leaders in our spaces as much as they talk about being bullish the Michael sailors the Tom Lee's they're buying and they're building
21:24
[SPEAKER_03]: And so, you know, I don't know if you have any thoughts or wrap up the topic here on Tom Lee, you know, continuously just engulfing Ethereum, but at least they're putting their money where their mouth is.
21:35
[SPEAKER_00]: Yeah, they are.
21:36
[SPEAKER_00]: And I don't have too much to add to that, but, you know, clearly it's a good thing.
21:40
[SPEAKER_00]: We're seeing Treasury companies continue to come up.
21:43
[SPEAKER_00]: There's a lot of them out there, but I think a bit mine in Tom Lee or probably one of the most aggressive ones alongside,
21:52
[SPEAKER_00]: probably Michael Sailor and Strategy for Bitcoin.
21:56
[SPEAKER_00]: I kind of see them as the strategy of Ethereum.
22:01
[SPEAKER_03]: couldn't agree more and you know there's buyers and there's builders and a huge builder is coinbase and and specifically coinbase has a protocol called base we've had Jesse Pollock on the program before who is the leader though I believe the lead engineer for base and we've always wondered and we've talked on the show you know this this base is taking off is there gonna be a coin and at the time when we had Jesse on and maybe it's time to get him back on I'll put that on like to
22:30
[SPEAKER_03]: But there wasn't a coin associated with base.
22:32
[SPEAKER_03]: And so you try to find that, you know, the alpha around that protocol.
22:37
[SPEAKER_03]: And we've had aerodrome on the podcast before, which was kind of a thought process of ours for one of the leading dexas of base is aerodrome.
22:45
[SPEAKER_03]: So we've had them on the podcast.
22:46
[SPEAKER_03]: So you could learn that.
22:47
[SPEAKER_03]: But the breaking news this week, coming from base, via Brian Armstrong and Jesse is that they're looking, they're looking into maybe building a token here.
22:57
[SPEAKER_03]: And I'm going to see this up for you, Brennan, and let you break it down.
23:00
[SPEAKER_03]: But if they do launch a base token, is it fair to say that this would be, quote, unquote, the official altcoin of Coinbase?
23:11
[SPEAKER_00]: I think it would be fair for that, because it's a unique situation.
23:16
[SPEAKER_00]: Up until this point, Coinbase and Brian Armstrong have said, we're not, we have no plans to develop a token at all.
23:23
[SPEAKER_00]: Not for base, not for anything, we have no plans of a token.
23:26
[SPEAKER_00]: And then that shifted yesterday when we got this news of them announcing both Coinbase, Base, and Brian Armstrong, all of them basically saying we're looking into exploring a token for the base network.
23:38
[SPEAKER_00]: And it doesn't come as too big of a surprise to me.
23:41
[SPEAKER_00]: I know that they kept saying, oh, we're not looking at this.
23:43
[SPEAKER_00]: We're not thinking about it.
23:44
[SPEAKER_00]: Well, clearly they are now and I think that that came with the
23:48
[SPEAKER_00]: gigantic success that basis seen.
23:51
[SPEAKER_00]: I mean, I would say it is the most successful layer to on Ethereum.
23:55
[SPEAKER_00]: I know you could measure it by different metrics, you know, some people like to look at activities, some people like to look at TVL and all these other things.
24:02
[SPEAKER_00]: I would say basis the most successful layer to on Ethereum.
24:06
[SPEAKER_00]: And it's also probably the most popular one.
24:09
[SPEAKER_00]: And when we're looking at it, it's hard to have that level of success and not start thinking about it token.
24:14
[SPEAKER_00]: So I think they're looking at it.
24:15
[SPEAKER_00]: They understand that they can capitalize on that.
24:17
[SPEAKER_00]: They can probably make more money from having a base token.
24:20
[SPEAKER_00]: You know, maybe they're getting more fees or whatever it is.
24:23
[SPEAKER_00]: And I think it's the smart move.
24:26
[SPEAKER_00]: Now, up until this point, everyone looked at AeroDrum, which was the number one application on base, the number one decentralized exchange, number one in TVL on base.
24:37
[SPEAKER_00]: And they said, this is the go-to way to get exposure to the base ecosystem.
24:42
[SPEAKER_00]: That is AeroDrum.
24:44
[SPEAKER_00]: This changes that a little bit because now people are going to have a base token that they can get exposure to.
24:50
[SPEAKER_00]: So we're not sure yet.
24:52
[SPEAKER_00]: We don't have full information out about this.
24:55
[SPEAKER_00]: About exactly how this token's gonna work is it gonna work similar to Maker, you know, where they have a token and a stablecoin.
25:01
[SPEAKER_00]: Is it just gonna be a normal crypto?
25:03
[SPEAKER_00]: Is it just gonna be a normal stablecoin?
25:04
[SPEAKER_00]: You know, we need to get clarification on a lot of those details, but it does throw a wrench
25:12
[SPEAKER_00]: into the whole process.
25:13
[SPEAKER_00]: And in a really good way, right?
25:15
[SPEAKER_00]: So there's a lot of positive things that are happening and going on here.
25:18
[SPEAKER_00]: But I mean, you have...
25:20
[SPEAKER_00]: Arguably, the biggest exchange in the world publicly traded on the New York Stock Exchange, and they're coming out with a token for their layer two, which is, in my opinion, the number one layer two on Ethereum.
25:31
[SPEAKER_00]: It's a really big deal.
25:32
[SPEAKER_00]: I can tell you what, I'm going to be watching this.
25:34
[SPEAKER_00]: I'm going to be paying attention to this.
25:36
[SPEAKER_00]: I like having exposure to the base ecosystem.
25:39
[SPEAKER_00]: I think Coinbase is going to be successful.
25:41
[SPEAKER_00]: I think the base layer two is going to be successful.
25:44
[SPEAKER_00]: And as we'll see with some of these other articles, like there's a lot that's being built.
25:49
[SPEAKER_00]: on base.
25:51
[SPEAKER_03]: Yeah, and then queen base, we were talking about it how I got access, but you was like a limited access to that, uh, I don't even know what to call it via queen base.
26:01
[SPEAKER_03]: They basically integrated aerodrome base, yeah, aerodrome base decks into just normal queen base.
26:07
[SPEAKER_03]: It was it was a very small rollout.
26:08
[SPEAKER_03]: I don't think everybody had it.
26:10
[SPEAKER_03]: but it's because I was asking you guys to Brian and yeah, it seemed like it was a limited roll out.
26:15
[SPEAKER_03]: But I think that's part of the thought process, right?
26:17
[SPEAKER_03]: It's like, you know, obviously they're leveraging aerodrome, they have a great relationship with them.
26:21
[SPEAKER_03]: But, you know, kind of that test roll out was like, hey, you know, everybody just feels comfortable with coinbase.com.
26:28
[SPEAKER_03]: can we somehow leverage our own token or in tokenomics to give people access to this entire, you know, altcoins fear just to do more trading, to then get more fees, to then make more money, right?
26:41
[SPEAKER_03]: It's like, I think maybe, I don't know, I don't want to say they underestimated themselves with base, but like, just like you said, it's the usage just through the roof.
26:50
[SPEAKER_03]: So you kind of got to step back and reassess the success of your project and see, again, how you can leverage it,
26:57
[SPEAKER_03]: Uh, as, you know, one of the leaders in the space and as a publicly traded company, the goal is to become bigger, become more profitable, but also deliver deliver more to the users.
27:08
[SPEAKER_00]: Absolutely, man.
27:09
[SPEAKER_00]: And it's interesting because Coinbase is going to be a big talking point of the next couple articles that we're going to talk about here.
27:16
[SPEAKER_00]: But what we've seen in recent weeks, I wouldn't even push it out longer than that in recent years or recent months, crypto has been really shining through, especially as centralized banking has started to fail and frustrate people in different ways.
27:35
[SPEAKER_00]: Brian Armstrong was talking about this as well.
27:37
[SPEAKER_00]: It's a really interesting tweet that I saw from just a couple of hours ago earlier this morning and he said the interest rate from most checking accounts is zero percent in Canada and that makes zero sense.
27:51
[SPEAKER_00]: So from today or you know from today
27:54
[SPEAKER_00]: All Canadians can now earn 4.1% uncapped rewards on USDC on Coinbase and up to 4.5% with Coinbase 1.
28:04
[SPEAKER_00]: And to me, number one is right, the point makes sense, 0% is a ridiculous, it doesn't make any sense in today's financial world, why you get 0% on a checking account, I know they're generally pretty low and they say I'll put it in a money market or on savings account or something else,
28:25
[SPEAKER_00]: Still, 0% is crazy.
28:27
[SPEAKER_00]: And to me, this looks like he's taking one out of Robin Hood's playbook.
28:32
[SPEAKER_00]: Because this is usually the kind of rhetoric and approach that Robin Hood takes.
28:36
[SPEAKER_00]: Is they say, oh, traditional banking, traditional, this and that doesn't make sense.
28:40
[SPEAKER_00]: Come to us, we'll give you 4%.
28:42
[SPEAKER_00]: Oh, by the way, it's available in Canada, and it's uncapped now.
28:46
[SPEAKER_00]: And I like the play.
28:48
[SPEAKER_00]: I like it.
28:49
[SPEAKER_00]: I think this is how you take market share away.
28:52
[SPEAKER_00]: as you target the pain points that don't make sense and that shouldn't exist anymore, and you cater to these people and you kind of beat them in the middle and you say, this doesn't make sense, it should have changed.
29:03
[SPEAKER_00]: They're not treating you right.
29:04
[SPEAKER_00]: Come over here and you can have a much better job.
29:07
[SPEAKER_00]: And then on top of this, clearly they've been integrating and we're about to get into this more, but they've been talking about the Coinbase card.
29:16
[SPEAKER_00]: and some of these extra services.
29:18
[SPEAKER_00]: And now they've been partnering up with all these other providers to say, you don't need them as much as you think you did.
29:25
[SPEAKER_00]: You don't need them as much as you used to.
29:28
[SPEAKER_00]: And so what we can see is that PayPal and
29:32
[SPEAKER_00]: all these different providers are getting into the space.
29:35
[SPEAKER_00]: And we've already seen the Coinbase card come out, but interesting enough, like even Google, we can probably throw this on the screen, even Google has started collaborating with Coinbase to add crypto payments to its new AI payments protocol.
29:51
[SPEAKER_00]: And this is a pretty big deal as well.
29:53
[SPEAKER_00]: And I mean, Steve, I don't know if you had a chance to see this, but
29:57
[SPEAKER_00]: I mean, Google is now, I think, what was it?
30:00
[SPEAKER_00]: The third company to reach a $3 trillion valuation?
30:04
[SPEAKER_00]: Yeah.
30:05
[SPEAKER_00]: I mean, obviously, Google needs no introduction, their household name, but even they're looking at crypto here.
30:11
[SPEAKER_00]: And they're saying, hey, who can we collaborate to do this the right way?
30:14
[SPEAKER_00]: Because us as one of the largest, most significant companies in the world, we want to add crypto payments to their new AI payments protocol.
30:23
[SPEAKER_00]: And they say, hey, Coinbase is probably the best person to do that.
30:27
[SPEAKER_00]: So kind of fits together here with the narrative that we were just talking about.
30:30
[SPEAKER_03]: Yeah, we had a topic on a couple weeks ago where we were, you know, the old guards were trying to block some stable coin legislation because, you know, these stable coin, the quick rails and the movement of money is what kind of gives that APR percentage, right?
30:46
[SPEAKER_03]: You're moving money more freely.
30:47
[SPEAKER_03]: There's less kind of rails behind it and they're offering some of the, you know, profits
30:55
[SPEAKER_03]: You know, kind of what Brian Armstrong was saying with banks in Canada and banks, you know, there's banks in Canada is 0% wild, but the banks in the US a lot of them aren't much better.
31:04
[SPEAKER_03]: If you just have a standard savings or checking account, you know, you're not getting, I don't even know if it's 1% some of these banks sometimes it's under that.
31:13
[SPEAKER_03]: And then again, like you're trying to use your money, I was trying to do a wire transfer for like a down payment on a property and it's a local bank that I grew up with.
31:23
[SPEAKER_03]: And you know, I have all this money in there and I'm trying to move it.
31:26
[SPEAKER_03]: I put it in there.
31:26
[SPEAKER_03]: I transferred everything in there out of my, you know, the Robin Hoods and the Coinbase is where I'm collecting these for to 4.5%.
31:33
[SPEAKER_03]: And I move it into this bank and I'm like, hey, I wanna get this move to this place.
31:38
[SPEAKER_03]: And they're like, oh, well, the wire transfer takes three days.
31:42
[SPEAKER_03]: And you gotta come and be in person.
31:44
[SPEAKER_03]: And you gotta sign these papers to move that amount of money.
31:49
[SPEAKER_03]: It was this whole process for this local bank.
31:51
[SPEAKER_03]: And I'm like, I don't even live there anymore.
31:53
[SPEAKER_03]: Like, what are you talking about?
31:53
[SPEAKER_03]: I got a flash and I got a fly to fill it up.
31:56
[SPEAKER_03]: Yeah, to do this, you crazy.
31:58
[SPEAKER_03]: Like, it's so archaic.
32:01
[SPEAKER_03]: It's so archaic and then on top of that you're not you're not you're making all this money off of people's You know savings and stuff and you're not giving back.
32:08
[SPEAKER_03]: I went on this rant weeks ago So this is the future.
32:11
[SPEAKER_03]: This is where it's going and luckily, you know again with this administration the legislation is slowly and surely getting pushed through
32:19
[SPEAKER_03]: But again, we've said this multiple times, but if these old guards aren't building, if they're not getting ready, like there's, there's a true takeover that could happen here with, you know, Coinbase looking in and thinking like this.
32:31
[SPEAKER_03]: Just thinking like this is correct.
32:33
[SPEAKER_03]: And then obviously Robin Hood has one of the highest APRs for their money market funds.
32:38
[SPEAKER_03]: And they're going to be rolling out the private banking it seems end of this year, maybe early next.
32:42
[SPEAKER_03]: So then, you know, you'll get to learn what their offerings are on the banking side.
32:46
[SPEAKER_03]: And there's going to be a number of other,
32:47
[SPEAKER_03]: companies and there's already tons of options where to get these higher APRs.
32:51
[SPEAKER_03]: So it's something that we're going to track and it's kind of really fun to talk about because again, everybody's always looking for the where's the 10x where's the 20x but if it's all about kind of that educational process of being smart with your money and again, we always say plan your trades and trades your plans but financially plan your life and start learning.
33:13
[SPEAKER_03]: how to operate and build wealth and some of the most smartest things of building wealth is where to where to hold, you know, your your your your stash, your cash, you can't be a hundred percent risk on all the time.
33:24
[SPEAKER_03]: Sometimes you got a raised cash and put it places and I think that's a huge part to
33:29
[SPEAKER_03]: You know, if you can start putting cashplaces and slowly accrue 20, 50, $100 a month for it just sitting there, you know, that that's something that can, I think, be a stepping stool.
33:39
[SPEAKER_03]: It's not going to change your life overnight or in a year, but it's a stepping stool to accruing and building wealth.
33:44
[SPEAKER_00]: Yeah, it is.
33:45
[SPEAKER_00]: And I mean, let's pull up the rest of these articles because we have pay pal on American Express getting in on this action.
33:51
[SPEAKER_00]: We'll want to talk about both of those.
33:53
[SPEAKER_00]: Um, but yeah, I mean, here it is on the screen for everyone just in financial giant pay pal to integrate Bitcoin and crypto into their P to P, uh, which stands for P to peer payment flow.
34:04
[SPEAKER_00]: Big deal, I mean, all the big payment providers they want to get in on this, clearly cryptos growing.
34:09
[SPEAKER_00]: The attention is just nowhere near, nowhere close to being done.
34:13
[SPEAKER_00]: I mean, we're close much closer to the beginning than we are to the end or the end goal and mission of this stuff.
34:20
[SPEAKER_00]: Because they're all saying, hey, we're announcing, we're going to be working on this.
34:22
[SPEAKER_00]: They're not saying it's like launched and finished and that it's, you know, at the end of it's a lifetime.
34:28
[SPEAKER_00]: I mean, they're all in the prepping, get ready, launching phases of this.
34:32
[SPEAKER_00]: And so there's a lot of exciting stuff that's happening here.
34:35
[SPEAKER_00]: And then if we go over to the next one, Tvo, and yeah, he's already got on the screen.
34:39
[SPEAKER_00]: American Express launches blockchain-based passport stamps built on base, the layer two that coined base, built in the one that we were talking about just a few minutes ago.
34:50
[SPEAKER_00]: And then this is gonna be allowing card holders to digitally collect and share important travel memories as customizable NFT stamps, which
34:58
[SPEAKER_00]: is an interesting idea.
35:01
[SPEAKER_00]: Honestly, not something I probably had on the playbooks, but still something that's kind of cool.
35:05
[SPEAKER_00]: So American Express here who's been again increasingly
35:10
[SPEAKER_00]: dipping their feet like more and more into the world of crypto and blockchain.
35:13
[SPEAKER_00]: Now they're launching this.
35:14
[SPEAKER_00]: I think this is kind of a cool feature.
35:16
[SPEAKER_00]: This idea that you can launch these blockchain-based passport stamps.
35:20
[SPEAKER_00]: It's all going to be built on base.
35:22
[SPEAKER_00]: And so these card holders can kind of collect and share these travel things.
35:27
[SPEAKER_00]: And this is something that I started doing recently with my friends.
35:30
[SPEAKER_00]: We have this app on our phone and I forget what it's called.
35:33
[SPEAKER_00]: But it basically, you like,
35:36
[SPEAKER_00]: You can like add people on this app.
35:37
[SPEAKER_00]: You can have friends and it's a giant map of the world and you like fill in all the countries that you've been to and so it says Oh, they've been to this many countries this many continents all over the world and you can kind of compare it with your friends and show off like oh I've been here and here and here and here and it's just like a cool little thing where people get to
35:55
[SPEAKER_00]: Um, share what they have done and what they're doing and this kind of just reminds me of that like you get like a little collectible You get like a little stamp saying oh, I went here and I did this and it's a memorable piece for maybe yourself or people that you're close with so I'm on board with it
36:11
[SPEAKER_03]: Yeah, I mean, and again, this is where the future is, the future is going on chain.
36:16
[SPEAKER_03]: And this sounds like a fun interactive thing, but I think we both see a future where our passports, the legal ones, everything's on chain.
36:24
[SPEAKER_03]: That human verification, right?
36:27
[SPEAKER_03]: It's that Ethereum story of when everything's AI and robots, how are we going to verify what's a human?
36:34
[SPEAKER_03]: And so on chain is where passports, IDs, titles, titles,
36:42
[SPEAKER_03]: You know, insurance is an ID card.
36:43
[SPEAKER_03]: I just that's I think that's where the puck is going.
36:46
[SPEAKER_03]: And again, that's fun as this is an interactive I think it's just the tip of the iceberg But it's all it's all based on positive regulation forward again.
36:55
[SPEAKER_03]: This is a marathon.
36:56
[SPEAKER_03]: It's not a sprint and as we've seen this this
37:00
[SPEAKER_03]: just the regulation of the first six to seven, eight months of this administration has been really great specifically for the crypto space.
37:09
[SPEAKER_03]: And kind of to the opposite of that, just a reminder of what we used to deal with.
37:14
[SPEAKER_03]: There was this news flow coming out last week of how, you know, when there's a transition period for, you know, politics.
37:22
[SPEAKER_03]: And so when it was known that, you know, Trump was coming in and there's that classic clip we loved on day one, I'm going to fire Gary Gensler.
37:28
[SPEAKER_03]: So the SEC knew that they were on their way out and there was many calls from executives like Coinbase.
37:35
[SPEAKER_03]: So Paul Paul here is the chief legal officer from Coinbase.
37:39
[SPEAKER_03]: So you got to remember when all these companies were basically getting, you know,
37:45
[SPEAKER_03]: the cold shoulder from from legislation and not only cold shoulder a lot of people were we're getting debanked right a lot of businesses that were in the crypto space we're getting debanked I know Gemini had a story of that I know you know not to get too personal but we know people that we're dealing with that.
38:01
[SPEAKER_03]: Um, and so there was a lot of calls as this was known that there was going to be a new SEC regime to, to hold all the documents.
38:09
[SPEAKER_03]: Don't delete anything, don't burn anything like we need to understand why this was so hard for us to get the conversation going, not just legislation pass, it seemed like it was anti-legislation, the Liz Warrens of the world.
38:22
[SPEAKER_03]: the war against crypto was moving so fast pace that there wasn't even a conversation.
38:28
[SPEAKER_03]: It was just kind of a war against them.
38:30
[SPEAKER_03]: So there were a lot of calls for people to say, hey, you know that you're going out of office.
38:34
[SPEAKER_03]: Don't do anything.
38:35
[SPEAKER_03]: Go, go, just leave the office, leave the door unlocked, leave the computer on, don't trash it, don't burn it.
38:42
[SPEAKER_03]: Now there seems to be,
38:44
[SPEAKER_03]: that there are a lot of documents that they were required to preserve and produce that, you know, Gary Ginsler might have been in a violation of the public trust that, you know, maybe there's some missing documents or deleted documents and so, you know, it will be interesting to see if there can be an inspection on this to see what happened.
39:03
[SPEAKER_03]: But I think it's interesting and it's always good to you know we're moving forward at such a fast pace But let's not forget where we were you know a year a year a year ago literally less than a year ago and we've had so much momentum But don't forget you know how we used to be kind of on the other side of the coin Yeah, I mean people forget fast.
39:24
[SPEAKER_00]: I mean we're coming off of a crazy bearish SEC
39:31
[SPEAKER_00]: All sorts of shenanigans that were happening.
39:33
[SPEAKER_00]: I know we have that funny video.
39:34
[SPEAKER_00]: Maybe we still have it.
39:36
[SPEAKER_00]: On day one, I will fire Gary Gensler.
39:39
[SPEAKER_00]: And we played that.
39:40
[SPEAKER_00]: We played that video way too many times.
39:44
[SPEAKER_00]: But it goes back and it shows, like there was just crazy stuff happening here.
39:49
[SPEAKER_00]: And I don't want to rant about too much, you know, I don't need in the politics and stuff.
39:52
[SPEAKER_00]: I mean, clearly there was stuff happening behind the scenes that just should have been absolutely wrong and illegal and it was negative for crypto as a whole.
40:00
[SPEAKER_00]: And I think all of us that are here, we want to see Crypto succeed, we want to see Crypto do well and grow, and there is interesting stuff that was happening that didn't allow to do that, and all that's gone now.
40:13
[SPEAKER_00]: So, Crypto is in a much better spot, if we have a much brighter future, I see people saying, all Crypto's top doubt it's done for.
40:20
[SPEAKER_00]: I don't think so.
40:21
[SPEAKER_00]: Personally, I think that there's a lot going on here beyond all the fundamentals, even if you look at the charts, I don't think we look all that bad.
40:28
[SPEAKER_00]: So maybe we have some dips and stuff here and there, but I don't know.
40:33
[SPEAKER_00]: Kind of like what Tom Lee said, I think it's hard to make an argument that the last three months of this year against September.
40:38
[SPEAKER_00]: Historically, the last 10 days of September.
40:42
[SPEAKER_00]: I believe are the worst 10 days in the entire market, in the entire year.
40:48
[SPEAKER_00]: So we're entering into the stretch where it's like, okay, if there's any time to be bearish, it's historically the last 10 days of September.
40:55
[SPEAKER_00]: But outside of that, you start coming into October, November, December, which are three of the most bullish months and oftentimes the most bullish period in crypto.
41:03
[SPEAKER_00]: So we're exiting from the most bearish to the most bullish and there's a little bit of a transition period that happens there.
41:11
[SPEAKER_00]: I have to stay optimistic as we're again kind of going through this bearish section of what usually is the market and I think we're going to come out okay.
41:20
[SPEAKER_03]: Yeah, no, couldn't agree more.
41:22
[SPEAKER_03]: We move forward.
41:24
[SPEAKER_03]: And that's, again, why we're here.
41:25
[SPEAKER_03]: We love what we do.
41:26
[SPEAKER_03]: We love the topics.
41:27
[SPEAKER_03]: So we get a little passionate about it.
41:28
[SPEAKER_03]: But the movement is forward.
41:31
[SPEAKER_03]: And we have one last topic.
41:32
[SPEAKER_03]: It's a super fun one.
41:34
[SPEAKER_03]: Before we jump into that, the chat just super active today.
41:37
[SPEAKER_03]: Man, Patrick from Oregon, curve from Denmark across the pond.
41:41
[SPEAKER_03]: Unbelievable, Kurt.
41:43
[SPEAKER_03]: Thank you for being here.
41:44
[SPEAKER_03]: Jeff from the Redlands, Ryan Boylands here.
41:46
[SPEAKER_03]: What a legend.
41:47
[SPEAKER_03]: and then Albert the Great is getting in the chat.
41:50
[SPEAKER_03]: Thank you guys all for being here.
41:51
[SPEAKER_03]: If everybody could just one last time, thumbs up, it really helps us through the channels, hit the thumbs up.
41:56
[SPEAKER_03]: Bottom right, if you're not, hit our logo and subscribe, we really appreciate it.
42:00
[SPEAKER_03]: And if you have any comments, if you're still here, sorry, if you have any questions, drop them in the comments.
42:05
[SPEAKER_03]: We'll answer a couple of questions here after our last topic if there are any.
42:09
[SPEAKER_03]: because we appreciate you guys being here.
42:10
[SPEAKER_03]: But last topic of the day, polymarket.
42:13
[SPEAKER_03]: We've talked about this on the show a couple times, especially with Brian.
42:17
[SPEAKER_03]: He's our big betting markets bull.
42:20
[SPEAKER_03]: Obviously, couchies in the US and polymarket, just got cleared to come to the US.
42:25
[SPEAKER_03]: I think this is one of the most fascinating things.
42:27
[SPEAKER_03]: And it is partly crypto-specific, right?
42:31
[SPEAKER_03]: But just overall, I think this is a,
42:35
[SPEAKER_03]: generational change to how we interact with the world's news, really.
42:40
[SPEAKER_03]: I really, really think so.
42:42
[SPEAKER_03]: We've seen such a huge change of the last decade with, you know, our normal news packages of 3, 6 and 10 of where do you get your news?
42:51
[SPEAKER_03]: Where do you watch it versus when social media has now completely, completely change the game of how you consume what's going on in the world?
42:58
[SPEAKER_03]: And this is the next step to that as well.
43:01
[SPEAKER_03]: And there's a lot of stuff on there that are crypto-specific, there's a lot of stuff on there that are finance-specific, like rate cuts.
43:07
[SPEAKER_03]: There's a lot of ways that you can use it to your advantage for gathering information, making decisions, and possibly even hedging.
43:15
[SPEAKER_03]: Not personal financial advice at all, but there's a lot of ways that you could possibly use this as a tool.
43:22
[SPEAKER_03]: So what are you looking at, Brendan?
43:23
[SPEAKER_03]: What are you the most excited about for prediction markets, specifically just in general, but also crypto-specific?
43:29
[SPEAKER_00]: Yeah, I mean, this one's interesting.
43:30
[SPEAKER_00]: Polymarkets built on Ethereum.
43:32
[SPEAKER_00]: It uses the Polygon layer two and it's fascinating.
43:37
[SPEAKER_00]: I mean, I think it's arguably one of the most successful applications ever built on crypto and it shows what it's capable of.
43:44
[SPEAKER_00]: It's this peer to peer betting market where instead of betting against the house you're betting against other people.
43:50
[SPEAKER_00]: And that's all that it is.
43:52
[SPEAKER_00]: So it tends to get the best odds for what is going to happen and what's likely to happen.
43:59
[SPEAKER_00]: So again, this is a blockchain very successful, very popular blockchain and crypto-based piece of tech that is coming to the US because of regulatory hurdles that are being torn down and I think it just opens up a bright future for all of crypto.
44:17
[SPEAKER_00]: I know we're all excited about this over here.
44:19
[SPEAKER_00]: Yeah, having a better market like this is.
44:22
[SPEAKER_03]: Yeah, and I think it's something that we've talked about with the team if it's, uh, if it's something like we should start to maybe make some content around.
44:30
[SPEAKER_03]: Number one, because it's fun, it's engaging, but, you know, I think there is a side to it where, again, I think it's a tool in the toolbox for kind of getting the bigger picture of what's going on.
44:42
[SPEAKER_03]: So it's something that we are going to stay at price to keep bringing you and yeah, we might we might even test out some content So I'll let you know when that's happening And if you're interested in joining checking it out, we always we always love literally having everybody in our community join us It's so fun again active chat.
44:58
[SPEAKER_03]: Let's see.
44:58
[SPEAKER_03]: We got a question from Albert the great to close out the show What are the fundamentals of the rate cuts tomorrow that traders should be aware of any insights?
45:10
[SPEAKER_03]: okay so the fundamentals of the rate cut i think we covered at the top of the show if you came in we can give you a quick summary but i think it's uh i think it's a clearing event so i i do think that it kind of sets the table for the next phase of of where these markets are going but it's purely based on
45:26
[SPEAKER_03]: It's not necessarily an upper it down.
45:28
[SPEAKER_03]: I think it's purely based on what he says in the press conference.
45:32
[SPEAKER_03]: So again, I think Brendan, I said at the top of the show, we're looking for 25 we want 25 bips and we want a confident Jerome Powell in the press conference.
45:41
[SPEAKER_03]: If he gives us 25 bips and then he gives us the confidence that, hey,
45:45
[SPEAKER_03]: We know we saw the jobs numbers, that's why we're going to begin this easing cycle again.
45:50
[SPEAKER_03]: We're doing cuts, but again, we're still going to read the data.
45:52
[SPEAKER_03]: We're confident of where we are, but we are in the cutting cycle.
45:55
[SPEAKER_03]: I think is the best case for this scenario.
45:58
[SPEAKER_03]: Again, 50 bips, scarce people, and just anything in the sense of whether it's zero cuts or 25 bips or 50 bips.
46:06
[SPEAKER_03]: If Jerome Powell comes and gives a spooky press conference and doesn't seem to have a lot of confidence, where he's going, the market will freak out.
46:14
[SPEAKER_03]: across the board at our near all-time highs.
46:17
[SPEAKER_00]: Yeah, that's what I've tried to tell people is that it's really the decision itself is pretty locked in.
46:24
[SPEAKER_00]: We know we're getting a rate cut.
46:26
[SPEAKER_00]: That is important, but we already know.
46:29
[SPEAKER_00]: The part that I think is really going to be essential moving forward, like the important part moving forward is what is going to be said after the decisions made.
46:38
[SPEAKER_00]: That's where I think 90% of the attention needs to be directed towards, and that's what we're going to be watching.
46:45
[SPEAKER_03]: Let's go and agree more what a morning what a live over 400 of you have joined the chat box with super active again, please last call for a like we had over 400 people in here, let's get let's get it to a hundred likes jam that like button subscribe if you haven't and again Thursday
47:02
[SPEAKER_03]: First link, check it below.
47:03
[SPEAKER_03]: Thursday, Brendan's doing his one hour live trading session.
47:07
[SPEAKER_03]: I know I'm going to be there.
47:08
[SPEAKER_03]: If you're interested in technical analysis and literally the perfect time to do it, the day after the Fed rate cut.
47:13
[SPEAKER_03]: So it's going to be, there's going to be a lot of action.
47:15
[SPEAKER_03]: We're going to have that clearing event.
47:17
[SPEAKER_03]: We're going to know what's going on.
47:18
[SPEAKER_03]: So if you want to spend one hour with Brendan specifically doing TA, check that link below.
47:23
[SPEAKER_03]: Brendan, any final thoughts, and then take us home.
47:26
[SPEAKER_00]: Yeah, I saw a couple people were asking how can they get in contact with us if they have questions for you directly or for the team is there a way that people can contact us to you know.
47:38
[SPEAKER_03]: Yeah, I mean, if you if you just want to talk about the episodes feel free to, you know, jump in the comments there and comment on the episode I'm our YouTube manager so I'm always answering the comments and the questions if you wanted more access to the team so if you want more access to Brendan check out that link below.
47:55
[SPEAKER_03]: for his one hour live stream, but if you want more access to price, Roheet, Brian, you know, Joe and our whole entire team.
48:02
[SPEAKER_03]: I think that next step is joining our community.
48:04
[SPEAKER_03]: I do have a $1 again in the description.
48:06
[SPEAKER_03]: Go down there.
48:07
[SPEAKER_03]: There is a $1 trial.
48:09
[SPEAKER_03]: So you can get that weekly newsletter.
48:11
[SPEAKER_03]: And basically you're just getting more early access to us our community and the things that we're thinking about and talking about that newsletter is goes out on Monday It's the earliest way to get our thoughts and then again all the other kind of tutorials and our model portfolio and you're just kind of getting the inner thoughts of the team as a whole
48:29
[SPEAKER_03]: And yeah, that's kind of our our private community that that we know and love so much and then you know If not if you're not ready for that you can kind of stick with us here on YouTube and you know Obviously we put out tons of content as well, but we just we love crypto and this is what we do 24 7365 And that you know, it's a testament to not just Brendan and I doing it, but our whole entire team of Bryce and Roheed and Joe and Brian
48:56
[SPEAKER_00]: you know this is this is crypto crimnation right crypto 101 and up in the entire team absolutely so lots of ways to get in contact with us of course follow us on x follow us on instagram follows on all of our other sources and social media channels and we look forward to keeping you all up to date on what's happening in the great world of crypto so hopefully i'm gonna see a lot of you this Thursday on that live trading session but to everyone else thank you all for joining in