Latest / CRYPTO 101 / Crypto Rundown: Retail Sells as Institutions Buy- What the Data is Showing Us!

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Crypto Rundown: Retail Sells as Institutions Buy- What the Data is Showing Us! · CRYPTO 101

0:07
[SPEAKER_03]: Alright everybody, welcome back to the crypto 101 podcast, presented by Gemini, your bridge to the future of money, and if you're here you're wondering why our crypto down, why are stocks down, why is gold down, is the world falling flat on its face, why are all of our assets down, we thought it was October, it wasn't now we're going for this Q4 rally, you're wondering if it's gonna happen, well you're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the right place, we're in the
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[SPEAKER_03]: We are going to break it all down for you.
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[SPEAKER_03]: As we do every single week, my name is Tvo.
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[SPEAKER_03]: Thank you for joining us on a Friday afternoon.
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[SPEAKER_03]: I'm also joined by Brian Brian.
0:37
[SPEAKER_03]: Welcome.
0:38
[SPEAKER_03]: We're wearing all black.
0:39
[SPEAKER_03]: You think we might be going to your funeral.
0:41
[SPEAKER_03]: But I know that's not the way that we think in these markets.
0:44
[SPEAKER_03]: We have
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[SPEAKER_03]: a huge sheet to run down with everybody today.
0:48
[SPEAKER_03]: A lot of opinions, a lot of educational stuff, and then just to keep the lawyers happy when the markets are volatile like it is today.
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[SPEAKER_03]: We're not your financial advisors, this is not personal financial advice, but we do have some thoughts and we do have some research and we've gathered all the media we can for you today and we're going to run everything down from
1:05
[SPEAKER_03]: stocks to crypto to the AI trade to the meme coins we got it all for you today.
1:10
[SPEAKER_03]: Brian welcome excited to do this with you today even though it's been a bloody week in the streets.
1:17
[SPEAKER_06]: Yeah.
1:17
[SPEAKER_06]: Been a little bloody.
1:18
[SPEAKER_06]: I wore black just because I want to feel slim today, not because we're going to a funeral.
1:23
[SPEAKER_06]: But we're going, we're going certainly have our own fair share of opinions on what's going on.
1:28
[SPEAKER_06]: And we're going, that's what people come here for me, with the permeables.
1:32
[SPEAKER_06]: We look on the bright side of things and we definitely have some bright things.
1:35
[SPEAKER_06]: We got some dark side of the talk, but overall just fired up to be here with you on this Friday.
1:42
[SPEAKER_03]: Yeah, I think we are the permables here and again it's the I do have a zoom out we say that all the time in the show we do have a link for that but we can we can kind of just start off with the macro points and so I think that the markets as a whole are now kind of getting an upset tummy for how long the government's been closed.
1:59
[SPEAKER_03]: And I don't know if you remember this, but we're going to talk about polymarketing in the show.
2:03
[SPEAKER_03]: I remember, uh, I threw out the 30 plus day government shutdown bet.
2:07
[SPEAKER_03]: Um, I just thought it would be a little bit more aggressive, uh, than it was a little bit more, uh, uh, uh, uh, uh, you know, good odds on that.
2:14
[SPEAKER_03]: But I also thought it was a little bit of like a hedge, right?
2:16
[SPEAKER_03]: Like, hey, if the government shutdown does last this long, the markets aren't going to like it at some point.
2:20
[SPEAKER_03]: And those first two weeks, it seemed like nobody cared.
2:22
[SPEAKER_03]: Now they're cutting flights.
2:24
[SPEAKER_03]: You know, now we're not getting jobs data for a month straight and so that kind of quote unquote flying blind in the far flying in the fog they can't see where they're going for the fed what's going on with the job's numbers is the economy healthy.
2:37
[SPEAKER_03]: Um, you know, I think the markets are starting to shake their fist over at the government and be like, hey, you got to get this figured out, you know, Democrat or Republican like, hey, we're all working here.
2:45
[SPEAKER_03]: like let's let's get this thing back open.
2:47
[SPEAKER_03]: So I think that has something to do with it.
2:49
[SPEAKER_03]: Another big macro thing that we could start off with is the AI short trade.
2:55
[SPEAKER_03]: It was what was the who's the famous guy from Michael Burry from the big short put on like a big short on Palantir and Nvidia.
3:03
[SPEAKER_03]: So that got people upset.
3:05
[SPEAKER_03]: There's just and again we are at all time highs.
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[SPEAKER_03]: So it's like there's there's a lot of stuff brewing in the markets.
3:10
[SPEAKER_03]: But crypto specifically
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[SPEAKER_03]: retails run around like a chicken with their head cut off but uh... the institutions aren't the institutions are still bullish they're still putting out bullish commentary uh... and we have a ton of that to bring to you today along with their own thoughts so i guess we can uh... will jump into a coin market cap brand i'm gonna bring that up on the screen and kind of handed over to you as we uh... we take a look at the fear and greed index dipping into fear and probably towards extreme fear at this point but what do you see
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[SPEAKER_06]: Dang, we're in a 21 right now.
3:42
[SPEAKER_06]: I was expecting a little bit of extreme fear because I think it was earlier today or maybe over the night.
3:48
[SPEAKER_06]: I think we dipped under a $100,000 and as everyone knows, that's such a key psychological number.
3:54
[SPEAKER_06]: For myself included, I want to see Bitcoin above 100 grand.
3:58
[SPEAKER_06]: I don't think fundamentally nothing is broken with Bitcoin, with Ethereum, with Solana.
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[SPEAKER_06]: We could map out a ton of reasons why we're as bullish as ever, but right now Bitcoin's sitting right around 102 actually feels okay because it's just an hour or two ago.
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[SPEAKER_06]: We were right around 100, so it does feel like we keep bouncing off that 100 mark.
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[SPEAKER_06]: Ethereum close to 3400, Solana right around 160.
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[SPEAKER_06]: We've been trending around this area for some time.
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[SPEAKER_06]: And if you watch the rundown, if you're part of our community, I've been pretty vocal that I believe that we were going to chop for quite some time in a pretty tight range.
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[SPEAKER_06]: I didn't really just think we were going to dip below 100 grand, maybe that's the permable in me not believing that.
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[SPEAKER_06]: But it doesn't feel as extreme fear as, you know, crypto Twitter, the timeline is what we're looking at a pretty strong, overall crypto market when we talk about the administration.
4:58
[SPEAKER_06]: We talk about ETFs.
4:59
[SPEAKER_06]: Of course, nobody likes volatility.
5:02
[SPEAKER_06]: I say, like in the present moment,
5:04
[SPEAKER_06]: I don't like volatility in the present moment either.
5:07
[SPEAKER_06]: I don't like to just go up to 126 down to 100.
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[SPEAKER_06]: It doesn't make me feel good, but really when there is volatility, there's opportunity as well.
5:17
[SPEAKER_06]: It's like I've been preaching, is that
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[SPEAKER_06]: The both thesis is still intact for digital assets, crypto, the United States becoming a crypto capital of the world.
5:29
[SPEAKER_06]: This is all real thoughts in what people are pushing out there and fundamentally nothing is broken, but retail is scared.
5:39
[SPEAKER_06]: My text message is blow up whenever we take nasty dips like this and I don't have a lot to say other than like, hey, just sit on your hands and dollar cost average in because overall things feel okay even if we had another 5 10% downward movement.
5:58
[SPEAKER_06]: I still feel okay about where we are in, like you said, Tivo, and I think you were Brendan, I watched your show on Monday, everyone's got to check that out as well, that you were saying zoom out, zoom out.
6:08
[SPEAKER_06]: And I think that's great advice.
6:11
[SPEAKER_03]: Yeah, again, Brendan, I talked to Brendan on the phone this morning.
6:14
[SPEAKER_03]: He, you wanted to give the listeners just a hello and say that, you know, we were talking about this on Monday, technical analysis wise, you know, hundreds huge, not just only technically, but psychologically.
6:25
[SPEAKER_03]: And then if that does break,
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[SPEAKER_03]: Um, you know, it's going to be an elevator down to, you know, that 90, 90 to 94 level.
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[SPEAKER_03]: Um, it's going to be that next level of support.
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[SPEAKER_03]: And then you can see down here, we have the tariff lows, which, you know, if it broke that, that would terrify everybody, but that's down in the 80s.
6:42
[SPEAKER_03]: Um, but again, for technically like as Brendan says, you know, if you take the fundamentals and your, your personal thoughts out of it, like some technical, um, the technicians of the world could say like, hey, you could, especially on a one year chart, you could test any of this at any time, um, depending on what's happening in the macro and the thesis towards big,
7:01
[SPEAKER_03]: coin.
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[SPEAKER_03]: So again, not saying that that's going to happen, but that's why we have such a, you know, diverse team between Brendan Brian, Joe, Bryce, Rohit, like we kind of try to give you guys all the angles we can.
7:12
[SPEAKER_03]: And then again, we have our own opinions and we hope we want to educate you and help you with yours.
7:17
[SPEAKER_03]: But, um,
7:18
[SPEAKER_03]: You know, yeah, I got the same text this week.
7:20
[SPEAKER_03]: I was out at a trivia night with the boys on Wednesday.
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[SPEAKER_03]: I got, you know, Tampa Terrence asking me what's going on with Bitcoin grant friend of the show.
7:28
[SPEAKER_03]: He's in the chat right now.
7:30
[SPEAKER_03]: He's asking me what, you know, when's this pudgy penguin, when's it gonna fly?
7:33
[SPEAKER_03]: So we're getting, we're getting the first one.
7:37
[SPEAKER_03]: We show up.
7:38
[SPEAKER_03]: I think that's credit to us is like, hey, we do two, three shows a week.
7:41
[SPEAKER_03]: So yes, when the volatility's high, you know, I don't think any of us have ever sat here and made certain predictions, especially in short timeframes.
7:49
[SPEAKER_03]: But again, it's it's the zoom out.
7:51
[SPEAKER_03]: I have a whole zoom out.
7:53
[SPEAKER_03]: uh... let's just hit that now and that we can go over the long-term holder thing but here i'm gonna share this so it's like let's get some perspective because i know we've been doing this show for a long time it's like hey even with the pullback that we're in right now today uh... bitcoins up three hundred percent since the ETF thirty months ago that's eighty percent annualized returns and so what i think the problem is is a lot of people you know
8:15
[SPEAKER_03]: they go chasing you know whether it's the leverage and we learned about this huge leverage wipeout was the largest in history for crypto not just two three weeks ago so again there's bodies going to be floating to the surface that needs to get worked through the system um but you know if you're a long-term holder and you're not playing around with leverage and you have the right allocation to pick coin
8:34
[SPEAKER_03]: Um, you know, I don't know.
8:36
[SPEAKER_03]: I, again, I hate, I hate turning on the charts and seeing red as well.
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[SPEAKER_03]: But again, I just hit that one year or three year chart and I'm like, oh, man, you know, really, really, really been crushing it.
8:46
[SPEAKER_03]: So I think we all need to zoom out.
8:48
[SPEAKER_03]: But let's, let's talk about, this was in the chat on Monday as well.
8:51
[SPEAKER_03]: You were in the chat.
8:52
[SPEAKER_03]: And we're talking about the long-term holders.
8:55
[SPEAKER_03]: So again, the macro risk is all just for anybody that's coming in late.
8:59
[SPEAKER_03]: We're talking about risk assets being sold off.
9:01
[SPEAKER_03]: Bitcoin's obviously leads the way with that.
9:03
[SPEAKER_03]: And then you saw the stock market follow.
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[SPEAKER_03]: We've got the government shut down.
9:06
[SPEAKER_03]: We've got the tariffs in the Supreme Court.
9:09
[SPEAKER_03]: We're also seeing some whales selling some Bitcoin.
9:11
[SPEAKER_03]: Basically, just saying, hey, I got what?
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[SPEAKER_03]: 50, 100x, 1000x.
9:15
[SPEAKER_03]: It's like it's time to sell some.
9:17
[SPEAKER_03]: So Brian, what kind of data were you seeing around that?
9:19
[SPEAKER_03]: because I thought that was really interesting to see these giant whales basically you're selling to the institutions at this point and so it's a it's a unique event.
9:29
[SPEAKER_06]: I mean that that's who they needed to sell to to be completely honest with you.
9:32
[SPEAKER_06]: These Bitcoin whales that were buying Bitcoin at like let's say $100 a pop.
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[SPEAKER_06]: They have more money than we could ever even dream.
9:40
[SPEAKER_06]: And they they probably most of them I could imagine didn't really want to sell
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[SPEAKER_06]: into a pump early on before ETFs because there wasn't enough liquidity.
9:49
[SPEAKER_06]: They would absolutely created the price.
9:51
[SPEAKER_06]: I think long-term holders I read was about $44 billion around $405,000 Bitcoin in the month of October.
10:00
[SPEAKER_06]: So there's certainly some huge whale holders that are selling into these ETFs obviously, but they needed the way around for the ETFs to come about to actually sell their bags.
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[SPEAKER_06]: and then there's the whole thesis behind the four-year cycle and a lot of these OG whales really, really believe in the four-year cycle.
10:19
[SPEAKER_06]: So with that, with the ability and the liquidity of these ETFs to actually finally take some major profits, it doesn't surprise me.
10:27
[SPEAKER_06]: In something with the ETFs, I think I saw trending, if I'm a little off, I apologize, but I think the break even price for a lot of ETF buys are like,
10:36
[SPEAKER_06]: 89,600.
10:37
[SPEAKER_06]: So we're sitting right around a hundred thousand dollars.
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[SPEAKER_06]: So you know, it's a pretty tight gap there with the average buying on these ETFs We're right around 90,000 bucks.
10:48
[SPEAKER_06]: It almost feels like that is a true built in floor.
10:51
[SPEAKER_06]: I personally don't think we're gonna go down that low But never say never.
10:54
[SPEAKER_06]: I really love the setup here for Bitcoin and in terms of these OG whales
11:00
[SPEAKER_06]: selling.
11:01
[SPEAKER_06]: I'm overall bullish on it because they're redistributing their funds.
11:06
[SPEAKER_06]: They're pushing this Bitcoin out to the masses, to more retail, to more institutions at the end of the day.
11:12
[SPEAKER_06]: We have less holders that have millions and billions of dollars of Bitcoin, finally taken some profit, distributing it around
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[SPEAKER_06]: around to different wallets and different holders across the world and they're going to eventually run out of Bitcoin to sell.
11:29
[SPEAKER_06]: And once that happens, there's gonna be way less sell pressure.
11:33
[SPEAKER_06]: So the month of October, $44 billion from OG wallets, we're sold in Bitcoin.
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[SPEAKER_06]: And I believe we only had about $4 billion in ETFs.
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[SPEAKER_06]: So that's a pretty big spread.
11:45
[SPEAKER_06]: And they can't do that every month.
11:47
[SPEAKER_06]: That's going to dry up.
11:48
[SPEAKER_06]: And I think it'll be off to the races
11:50
[SPEAKER_03]: it reminds me of uh... it reminds me of the gbtc uh... sell off because if we remember when the ETFs went live obviously there are ton of people that were in the gbtc and their fee was the highest on their thesis was hey we have all these people locked up they're not gonna want to sell because then you got to do the capital gain so they had this kind of compared all the other ones that came in really low obviously like bit wise and others that were like the lowest
12:15
[SPEAKER_03]: there's a pretty big delta there if you had a lot of you know Bitcoin in this vehicle so I think just in general it was a good liquidity event like you just said for that is like you know people are selling their GBTC and we're we would look up the I forget exactly what was a coin mark camera.
12:31
[SPEAKER_03]: There's that ETF website we're seeing the flows
12:33
[SPEAKER_03]: it was like all these flows were green green green green, you know black rock green bitwise green are green all these all these green inflows for ETFs and then there's just this huge red wick for GBTC and it took months I think for it to go eventually stop selling and go back to green but
12:51
[SPEAKER_03]: Um, could be similar here for the whales.
12:53
[SPEAKER_03]: Again, it's, and when you bring up the ETF, it's a great stat that it's up 300% but let's not forget when the ETF went live.
13:01
[SPEAKER_03]: Uh, similar to this GBTC soft, the ETF goes live was like a cell the news event.
13:05
[SPEAKER_03]: There was a pretty pretty solid little correction there for Bitcoin and kind of
13:09
[SPEAKER_03]: We were all sitting here on the show being like, yeah, this doesn't make sense to us, but again, price action can stay more crazy than you could stay liquid sometimes.
13:19
[SPEAKER_03]: And that's why you need to be careful and have your risk management and be careful of the leverage.
13:24
[SPEAKER_03]: And I found this meme, I tweeted it out, sometimes memes just kind of, you need memes in this world as a former meme, Navy, seal myself.
13:34
[SPEAKER_03]: I think it was, let me go and share this tab.
13:38
[SPEAKER_03]: So, basically, this is how 80% of crypto Twitter.
13:42
[SPEAKER_03]: Why does everybody feel miserable?
13:44
[SPEAKER_03]: And it's because this little top of the right of the pie is people who are winning on crypto right now.
13:50
[SPEAKER_03]: There's the Bitcoiners, Bitcoin heavy.
13:52
[SPEAKER_03]: They're up 300% like we said.
13:54
[SPEAKER_03]: People that caught the sole trade.
13:56
[SPEAKER_03]: You know, sole was trading at like, you know, $10 below at one point during the last bear market.
14:00
[SPEAKER_03]: We got the meme.
14:02
[SPEAKER_03]: We got the people in the trenches like Brian.
14:04
[SPEAKER_03]: If you're in the moment of money makers group and as always I got the link down in the description if you're interested in doing that.
14:10
[SPEAKER_03]: You know you get the first alert for all these memes.
14:12
[SPEAKER_03]: There was 20 November 23rd through March and then again last year at this time we were having a great meme season.
14:18
[SPEAKER_03]: And then some people smaller that got the hyper liquid and then.
14:21
[SPEAKER_03]: And then there's everybody else.
14:22
[SPEAKER_03]: So again, it's not an easy market.
14:25
[SPEAKER_03]: It's not meant to be easy.
14:26
[SPEAKER_03]: If it was easy, everybody would do it.
14:27
[SPEAKER_03]: Everybody would win at a huge level.
14:29
[SPEAKER_03]: That's why, again, we preach, especially for our community, is like, hey, we got to have some long-term plays here.
14:35
[SPEAKER_03]: And, you know, big coins, always been a big part of that.
14:38
[SPEAKER_03]: But any thoughts on this one, Brian?
14:39
[SPEAKER_03]: I thought this was pretty funny.
14:41
[SPEAKER_03]: It's funny.
14:42
[SPEAKER_03]: Honey, but it's true.
14:43
[SPEAKER_03]: It's like funny because it's really true.
14:45
[SPEAKER_06]: Yeah, that's pretty accurate.
14:47
[SPEAKER_06]: I mean, we preach, you know, I'm part of Moment of Moneymakers, and we do some very speculative buys every day, but the whole point is is to catch some big wins and rotate it back into the majors, into the big coins of theorems and solanas, because honestly, that's where the majority of everyone's portfolio, not financial advice.
15:06
[SPEAKER_06]: That's where the majority of everyone's portfolio should be in.
15:10
[SPEAKER_06]: I really love this setup for Bitcoin right now.
15:13
[SPEAKER_06]: I feel like the risk to reward here buying some Bitcoin is absolutely massive because even if we take another 10% down, which I don't think it's going to happen because we seem to be bouncing off of that 100k mark pretty strong, but even if we went to those channels like 92k, I think a lot of people are saying, doesn't feel all that bad.
15:34
[SPEAKER_06]: But in my personal opinion with 401k allocations, financial advisors talking about Bitcoin and crypto every single day with people the current administration will go on and on I feel like the risk to reward to just stack and Bitcoin right now feels like a great play something personally doing.
15:52
[SPEAKER_03]: Yeah, and again, long-term view versus short-term sell-off.
15:56
[SPEAKER_03]: It's kind of, you've got to decide what camp you're in.
15:58
[SPEAKER_03]: And it's a, you know, plan your trade and trade your plan.
16:01
[SPEAKER_03]: As Bryce always says, you got to decide where you are.
16:04
[SPEAKER_03]: And I know a lot of us, you know, we talk about different moves we're making, but we have a long-term account that, you know, we just don't touch, you know, I'm speaking for myself personally.
16:12
[SPEAKER_03]: And then I have, yeah, I have my options accounts.
16:14
[SPEAKER_03]: I have my all-coin account.
16:15
[SPEAKER_03]: And like,
16:16
[SPEAKER_03]: You got to figure out exactly how, you know, you want to do your risk management.
16:19
[SPEAKER_03]: But institutions, you know, again, retail, great transition there.
16:23
[SPEAKER_03]: Talking about institutions are bullish than ever, because yes, retail is scared.
16:27
[SPEAKER_03]: You can see it on the field, you see it on the price index.
16:29
[SPEAKER_03]: But again, I kind of agree with you.
16:32
[SPEAKER_03]: We're getting to that level where it's like, all right, if you're not selling after a 20 30% dip, like, well, what's changed with the fundamentals of Bitcoin?
16:41
[SPEAKER_03]: So why would I sell it at any point after this?
16:43
[SPEAKER_03]: Because if I'm riding,
16:45
[SPEAKER_03]: the dip on either buying or I'm just holding um and less the fundamentals change of the story which again we haven't seen yet you know I'm not I'm not too worried about it like you said I'm trying to stack some more but let's list let's hear from these institutions we know the retail is scared there's blood in the streets Warren Buffet always says buy blood buy when there's blood in the streets but let's listen to some institutions I actually have a clip from Matt Hogan here Matt Hogan talking about exactly this institutions being bullish so let's check that out
17:14
[SPEAKER_00]: What do you attribute to cell-off to and what's your outlook for the rest of the year?
17:19
[SPEAKER_04]: It's a really interesting time in the market because it's almost a tale of two markets.
17:24
[SPEAKER_04]: Crypto retail is in max desperation.
17:28
[SPEAKER_04]: We've seen leverage blowouts.
17:30
[SPEAKER_04]: We've seen issues with faults.
17:32
[SPEAKER_04]: We've seen issues with yield protocols.
17:34
[SPEAKER_04]: And the market for sort of crypto native retail is just more depressed than I've ever seen it.
17:40
[SPEAKER_04]: I think that market is close to a bottom.
17:42
[SPEAKER_04]: It's hard to find a crypto native investor still has much enthusiasm for the market.
17:48
[SPEAKER_04]: I think the market is shifting into an institutionally driven market, and interestingly, that market is still bullish.
17:55
[SPEAKER_04]: When I go out and speak to institutions or financial advisors, they're still excited to allocate to an asset class.
18:02
[SPEAKER_04]: But if you pan back and look over the course of a year, it's still delivering very strong returns.
18:07
[SPEAKER_04]: So my view of the market is we have to get through this retail flush out.
18:12
[SPEAKER_04]: We have to hit bottom from a sentiment perspective.
18:14
[SPEAKER_04]: I think we're very close to that.
18:16
[SPEAKER_04]: And then I'm optimistic that we rally into the end of the year and into 2026 as the institutional investors who are more maybe even killed about what's going on at a fundamental level in crypto, start to drive the market forward.
18:30
[SPEAKER_04]: So I'm optimistic, but we do have to finish this wash out of retail sentiment.
18:35
[SPEAKER_04]: And again, I think we're closer to the end of that than the beginning, but there, you know, there always could be a little bit more doubts.
18:43
[SPEAKER_03]: So that's friend of the program Matt Hogan, basically talking about exactly we are retail scaled, they're getting flushed out and institutions are bullish.
18:50
[SPEAKER_03]: Just confirm this week again, a true friend of the program at Hogan just scheduled him for two weeks.
18:57
[SPEAKER_03]: He was going to come on the program in two weeks with Bryce and Brendan.
19:01
[SPEAKER_03]: We're going to get a great interview for that.
19:03
[SPEAKER_03]: And obviously bring it to you guys.
19:04
[SPEAKER_03]: But, uh,
19:05
[SPEAKER_03]: We love the Bitwise team, I have some information around their soul ETF once we hit that on the rundown, so more from Bitwise in a little bit.
19:12
[SPEAKER_03]: But before we hit that, let's jump over to Charles Schwab again, another kind of old guard of the finance, you know, your Goldman Sachs, your Charles Swabs, your JP Morgan's, I think Charles Schwab and Franklin Templeton were really one of the, you know, the early adopters of the crypto Bitcoin thing, but they're, you know, they're rolling out products, let's hear from
19:36
[SPEAKER_02]: But we're having a lot of success in the crypto space.
19:39
[SPEAKER_02]: Our clients are engaged in it today.
19:41
[SPEAKER_02]: You look at the exchange traded products that are crypto related.
19:44
[SPEAKER_02]: Our clients actually own 20% of them.
19:47
[SPEAKER_02]: And our clients are coming to our research site 90% more than they were last year.
19:51
[SPEAKER_02]: So as a group, our clients are engaged in it very interested in it.
19:54
[SPEAKER_02]: And for most people, they're not actually going on to the blockchain to spend or use Bitcoin or other crypto currencies.
20:01
[SPEAKER_02]: And so for them, exchange traded product
20:04
[SPEAKER_02]: is a safe and comfortable way for them to invest.
20:08
[SPEAKER_03]: Overall, and we're just going to have more and more exchange straighter products, as you see, like I mentioned, the solely ETF, and there's many more kind of in the pipeline.
20:17
[SPEAKER_03]: But again, the institution bullish this rose on, rolls on, Kathy Wood buying more bitmind, bitmind buys more theorem this week on the dip.
20:25
[SPEAKER_03]: Obviously, that's Tom Lee's ethereum treasury company, and now
20:32
[SPEAKER_03]: uh... they're the twenty two hundred forty six million dollar bet the largest eith treasury company in the world um... they own over six and a half million shares so that's uh... again there's there was a lot more on the timeline as well we only have a certain amount of time that we can be on the show here with everybody but brine what's your what's your thoughts anything from bit wise to swapped to arc let us hear it yeah i mean institutions of buying and retails scared and that's that's the time for
21:02
[SPEAKER_06]: That's the time for us to kind of really reflect on what our goals here are at the end of the day and if we're true believers in this technology and the utilization and there's just so many reasons to be bullish about this.
21:14
[SPEAKER_06]: I mean, we haven't even gotten into the staking ETFs with Ethereum.
21:18
[SPEAKER_06]: I love this BM&R play, I am a holder of it, so photosclosure there, but Kathy Woods obviously a permable as well, so shout out, but I love the aggressiveness here, because I think once the Staking ETFs come about, and once we finally stabilize and start rebounding, this is good, look like a really smart move.
21:38
[SPEAKER_03]: Yeah, BMN and our bull over here as well, full disclosure, but, um, you know, we got tether buying more Bitcoin, uh, let's throw up this one.
21:48
[SPEAKER_03]: I'm kind of jumping around the sheet on us, but we got Robin Hood considering putting, uh, you know, some Bitcoin on their balance sheet.
21:55
[SPEAKER_03]: They saw Coinbase do that little press run last week after their earnings.
21:58
[SPEAKER_03]: We covered that on the show last week.
22:00
[SPEAKER_03]: Coinbase buying more Bitcoin buying some Ethereum for their balance sheet.
22:04
[SPEAKER_03]: Robin Hood now considering it.
22:06
[SPEAKER_03]: So again, I don't know man, it's hard to put into, I guess, words how bullish these institutions are again, all this legislation that's going on, all this stuff with the SEC in crypto and it's been such a huge 180 from what it was with the previous administration.
22:25
[SPEAKER_03]: into these big these big firms they don't build these products and start talking about this stuff to just ditch it you know three months later right this is a long-term play for them and again while the volatility can get some people in trouble especially if you're not doing right with your leverage and risk management um yeah i don't know this just feels like a speed bump on the road uh here but i think let's uh so we go
22:48
[SPEAKER_03]: kind of talking a little, no God, God.
22:51
[SPEAKER_06]: It's a great call out to you, though.
22:54
[SPEAKER_06]: These institutions aren't buying into Bitcoin and all these digital assets for a 15 to 20% win.
23:02
[SPEAKER_06]: You know, there's plenty of avenues for them to find a tons of wins out there.
23:07
[SPEAKER_06]: They're looking at this long term just like we all need to as well and retails extremely reactionary.
23:14
[SPEAKER_06]: that's something in institutions.
23:16
[SPEAKER_06]: That's what we call smart money at the end of the day.
23:18
[SPEAKER_06]: It retails so reactionary.
23:20
[SPEAKER_06]: We need to kind of take a seat back, just realize what our end goals are.
23:24
[SPEAKER_06]: I feel like when we, whenever I get these text messages from friends and they're like, hey, what's going on with crypto?
23:31
[SPEAKER_06]: I'm like, listen.
23:33
[SPEAKER_06]: not finding it to a vice-boys, but Bitcoin is absolutely on sale now.
23:37
[SPEAKER_06]: You're going to be looking at this a year or two years down the line when we're on the golf course and be like, dang, like there was a huge opportunity there.
23:45
[SPEAKER_06]: Remember when Bitcoin was just chugging along at a hundred grand?
23:48
[SPEAKER_06]: That's how back in the day, whenever I was in Bitcoin,
23:51
[SPEAKER_06]: Whenever we couldn't break 10,000, we got up to 14,000 and then we went back to 7,000 and it happened to 20,000.
23:58
[SPEAKER_06]: And it felt like that was just like such major moves.
24:01
[SPEAKER_06]: I was so depressed whenever we dip down under 20,000 again.
24:06
[SPEAKER_06]: Looking back on that, could you imagine having that opportunity go back in time, tapping yourself on the shoulder and just be like, hey, literally sell everything you have and buy Bitcoin to 20 grand.
24:17
[SPEAKER_03]: Yeah, no, as we were pounding the table that Thanksgiving was when I first started the company, but, you know, our first started here at that cryptocurrency 101, um, they're in FTX crash.
24:28
[SPEAKER_03]: What it's hard to join.
24:29
[SPEAKER_03]: But we built, we built back better the show and the crypto industry as a whole.
24:34
[SPEAKER_03]: But I think, um, I agree with you.
24:36
[SPEAKER_03]: And I think there's been a lot of, uh, this,
24:38
[SPEAKER_03]: You know, kind of the arms race like what's going to happen with the government say and think obviously the Trump announced the China deal.
24:46
[SPEAKER_03]: I kind of had a funny tweet on that.
24:47
[SPEAKER_03]: It was like, hey, inflation's down the China, you know, the China deals made in the markets go, you know, the markets wipe out.
24:55
[SPEAKER_03]: So obviously there's some macro stuff that the markets have not liked, but there could be this.
25:01
[SPEAKER_03]: There could be this like arms race is kind of the theory.
25:03
[SPEAKER_03]: I know you have a clip from Pantera Capital that we'll go to.
25:06
[SPEAKER_03]: But let's look at this.
25:07
[SPEAKER_03]: So the United States is the number one holder.
25:09
[SPEAKER_03]: China is the second holder and it's a pretty large gap from one to basically a tie there and then a big drop to three.
25:18
[SPEAKER_03]: So it's an interesting thing to watch here and it's like, okay, you know, if these governments especially China, I mean, the China things really interesting because we would cover on the show you know, two years ago that everything a three years ago, whatever this band.
25:29
[SPEAKER_03]: It's like Bitcoin's ban, no mining, Bitcoin's bad, and they were kind of even during that probably confiscating and quote unquote stacking via confiscation.
25:40
[SPEAKER_03]: And now you got to wonder if they're buying, I mean, they're definitely not going to tell, right?
25:45
[SPEAKER_03]: So you got to wonder what they're doing under the table.
25:47
[SPEAKER_03]: It's like a little bit of a poker game.
25:48
[SPEAKER_03]: Welcome to Bitcoin poker.
25:49
[SPEAKER_03]: Everybody here.
25:50
[SPEAKER_03]: I got my poker glasses on.
25:52
[SPEAKER_03]: We could throw it on for the second.
25:53
[SPEAKER_03]: We got a little Bitcoin poker going between the United States and China.
25:56
[SPEAKER_03]: And we said the same thing.
25:57
[SPEAKER_03]: It's like, is the United States going to tell everybody if they're going to start buying Bitcoin.
26:01
[SPEAKER_03]: I think eventually they would come out and say it.
26:03
[SPEAKER_03]: But it would probably be after after a big gain, right?
26:06
[SPEAKER_03]: Like, you know, this administration especially, they're not going to come out and say like, oh, we bought it at, you know, 110 and now it's 115.
26:13
[SPEAKER_03]: They're going to wait until it's 200 and then they really, yeah, we bought it at 90.
26:17
[SPEAKER_03]: type of thing.
26:18
[SPEAKER_03]: So I think that's something to look out for.
26:21
[SPEAKER_03]: You brought us a clip from Pantera Capital.
26:24
[SPEAKER_03]: So let me, let me tee that up and then we'll get your reaction for that after please.
26:32
[SPEAKER_05]: There are ever sereds in the US.
26:35
[SPEAKER_05]: We'll ultimately buy Bitcoin and because the other coins, but I would say at least start with Bitcoin.
26:40
[SPEAKER_05]: And so I think
26:42
[SPEAKER_05]: I think there's going to be norms race, right?
26:44
[SPEAKER_05]: And there'll be, like, Dr. Strangeless, she's at my shaft gap, right?
26:48
[SPEAKER_05]: Like, it's going to be a real race.
26:51
[SPEAKER_05]: And as you know, there's only 21 million.
26:53
[SPEAKER_05]: And if a bunch of people all want to buy a million each, so that enough to go around, right?
26:58
[SPEAKER_05]: And there again, that's why I'm so bullish.
27:00
[SPEAKER_05]: It's just not enough bitcoins to satisfy country's desires.
27:05
[SPEAKER_05]: I think the US has 200,000 bitcoins just, you know, from confiscations kind of a random one.
27:09
[SPEAKER_05]: And China has roughly the same.
27:10
[SPEAKER_05]: Yeah, and China has roughly the same.
27:12
[SPEAKER_05]: I mean, no problem seeing them wanting to buy a million bitcoins.
27:18
[SPEAKER_05]: You know, yeah, I mean, it's, oh, tiny compared to their balance.
27:22
[SPEAKER_05]: She's budget's all that stuff.
27:24
[SPEAKER_05]: And so if you have two, three, four, like say the GC wants to buy a million China wants to buy a million, maybe a restaurant wants to buy some.
27:30
[SPEAKER_05]: You asked, like, let's just squeeze up like a watermelon seed.
27:35
[SPEAKER_06]: But I say that all the time, people, that it's between countries and companies and millionaires and billionaires, we're going to be looking back and one big cooling feels outpriced for the normal person.
27:48
[SPEAKER_06]: 100 grams, but we're going to be looking back and you're going to be looking at people that actually hold a Bitcoin and just be like in awe of what they were able to accomplish and how they got that Bitcoin.
27:59
[SPEAKER_06]: And right now 100 grand it kind of feels like that way, but it's going to go so much higher because there's good just be a supply squeeze.
28:06
[SPEAKER_06]: And I do personally believe it's going to happen quickly.
28:08
[SPEAKER_06]: Once it starts happening, people start to get wind of it.
28:12
[SPEAKER_06]: It's not just going to be the United States and China.
28:14
[SPEAKER_06]: It's going to be Germany, Argentina, Ireland.
28:16
[SPEAKER_06]: It's going to be everybody flocking.
28:19
[SPEAKER_06]: And you know, that's that's when we're riding in your yacht.
28:22
[SPEAKER_06]: We're in poker glasses.
28:24
[SPEAKER_06]: Have fun.
28:25
[SPEAKER_03]: they had tough tough that you threw Germany on there's the third one.
28:28
[SPEAKER_03]: I don't know.
28:29
[SPEAKER_03]: They they sold others that that's always gonna be a fun meme to like go back and look at when Germany sold I think it was around like 50k they they just absolute bottom tick for for Germany shout out to them and then kind of just one final point on this I'll share uh, you know, again Politics aside this is the president of the United States talking about Bitcoin and what could be this uh, you know again when we're talking about an arms race, you know, are we participating who knows
28:55
[SPEAKER_01]: it states a Bitcoin superpower, the crypto capital of the world, and the undisputed leader in artificial intelligence, we're leading China by a lot.
29:06
[SPEAKER_03]: Yeah, he likes to parade all that stuff around, but it's hard to take the other side of anything that is parade it as a huge, you know, talking points last victory for this administration after year one, you see what they did.
29:24
[SPEAKER_03]: told Brendan I was like I thought it was an interesting pause point where, you know, they got into the office, there was a lot of stuff that went really, really fast, you know, the Bitcoin ETF that the, you know, the crypto reserve obviously the SEC's been working time with the crypto is our David Sachs.
29:39
[SPEAKER_03]: But they gave us a lot and then now I feel like they're going to kind of put us on the back burner for a little bit and then they're going to wait until next year.
29:47
[SPEAKER_03]: So a year from now, there's a, you know, the midterm cycle is huge for the house on the Senate and that's and again, even cryptos bipartisan, but I think they kind of put the crypto bros maybe a little bit in the back seat until they they want or need their votes again.
30:02
[SPEAKER_06]: Yeah, that makes, that makes a lot of sense never would I have imagined that I just hang on every word that comes out of, you know, the US government in their stance on a certain subject.
30:14
[SPEAKER_06]: I never thought I would be that guy, but I certainly am now.
30:18
[SPEAKER_03]: Yeah, and one final thing on the administration in the macro here's a thought and it's a little bit of a thought exercises like okay, you know, this shutdown's going on long enough can can headwinds eventually turn into tailwinds whether it's you know not having the data the government shutdown or canceling flights, you know,
30:37
[SPEAKER_03]: is it time, eventually it has to end, everybody agrees on that, but Trump's an old school guy, and you don't want everybody going to their Thanksgiving table talking about the government shutdown, and so I really think here in the next two weeks, you know, I personally think and I might be looking to get some odds on this for bet.
30:54
[SPEAKER_03]: For polymarket, my 30 day thing came true, which is great.
30:57
[SPEAKER_03]: Cash that out for some good money, but yeah, this thing's gonna get resolved the next week or two, because there's no way that this old school guy, he loves, he loves his, you know, the holidays and making a big deal in press conferences.
31:12
[SPEAKER_03]: He doesn't want everybody sitting down at the Thanksgiving table talking about the government shutdown, talking about how they couldn't get their flights, to go see their family.
31:18
[SPEAKER_03]: So I think this gets done sooner rather than later.
31:22
[SPEAKER_03]: Um, huge shout out to the chat.
31:23
[SPEAKER_03]: It's going ballistic.
31:24
[SPEAKER_03]: We've got Josh.
31:25
[SPEAKER_03]: We've got desk.
31:26
[SPEAKER_03]: We got Deborah.
31:27
[SPEAKER_03]: We got fits C. J. E. We got Grant Ryan and then Ryan boiling with an absolute, you know, double super chat.
31:36
[SPEAKER_03]: What a legend.
31:37
[SPEAKER_03]: Thank you so much Ryan.
31:38
[SPEAKER_03]: We always appreciate you having you here.
31:41
[SPEAKER_03]: Let's go, let's keep moving on here.
31:43
[SPEAKER_03]: What do we want to talk about, soul ETFs?
31:46
[SPEAKER_03]: So here's something that I personally love tracking, because we talked about earlier in the show when the Bitcoin ETFs came, and we had a little bit of a sell-off, the Ethereum ETFs came, nothing really happened.
31:57
[SPEAKER_03]: And then again, if you zoom out, obviously, Bitcoin, we showed you that, or since it came live, 300% Ethereum, a little bit more, kind of depends on your timeline there, I think, but if you bought that,
32:09
[SPEAKER_03]: Terrific dip as as Tom Lee's been kind of leading here.
32:13
[SPEAKER_03]: You can catch a good narrative And I feel like soul had it a year ago into January Where it hit its yearly high and then hasn't come back and now these I don't know I dare I say quietly Brian these salani ETFs are going live
32:28
[SPEAKER_06]: Yeah, I mean, there's there's too much fun elsewhere right now and so on it's just chatting along, ETFs are starting to open up.
32:35
[SPEAKER_06]: We're starting to see some nice inflow streaks.
32:38
[SPEAKER_06]: I'm a big fan of Solana.
32:39
[SPEAKER_06]: I think these ETFs are going to really help stabilize the price overall like it did and move the price in a really forward manner, you know, bullish on Solana and these ETFs are just another reason to be bullish on this entire sector.
32:54
[SPEAKER_03]: Yeah, and let's again from our friends a bit wise.
32:56
[SPEAKER_03]: I teased it.
32:57
[SPEAKER_03]: But we have this is fresh data.
32:59
[SPEAKER_03]: So 30 was that 30 million of inflows into Beesol just yesterday inflows every day for the last eight days since it's launched.
33:08
[SPEAKER_03]: That includes down day.
33:09
[SPEAKER_03]: So that's that's what's interesting.
33:11
[SPEAKER_03]: So it's that divergence of your seeing salon price go down.
33:14
[SPEAKER_03]: But for this again, this is one product.
33:16
[SPEAKER_03]: Beesol, but the inflows for Beesol are up.
33:19
[SPEAKER_03]: uh... over five hundred uh... million in total it's clear investors once salana exposure um... that has staking so again if you're interested in the salana ETF let's see i think we've talked about this on the show and i'm sure madhogan is gonna talk about it when he joins us but trying to get like a seven percent uh... staking reward um...
33:41
[SPEAKER_03]: zero percent fees for a limited time.
33:43
[SPEAKER_03]: Astros there so yeah you got to do your own research if that's what you want or you just want to buy your own salon and stake it.
33:48
[SPEAKER_03]: So many options but again, there's certain the reason why I think, you know, we're bullish on this permapoles as we like to say is like, hey, there's certain institutions in certain money managers.
33:57
[SPEAKER_03]: They can't go buy salon.
33:59
[SPEAKER_03]: It's not in their rulebook.
34:00
[SPEAKER_03]: So when these products start are being offered to, you know, again, it might take time.
34:04
[SPEAKER_03]: They might not be able to buy them on day one.
34:06
[SPEAKER_03]: They might have to wait.
34:07
[SPEAKER_03]: a month, two months or three to see how the product trades, but it opens the door to a lot more, you know, a lot more money.
34:15
[SPEAKER_06]: Yeah, for sure, for sure.
34:17
[SPEAKER_06]: And there's there's going to be a lot more ETFs coming about and you can tell that there's an appetite for Solana right now, even in a down market.
34:26
[SPEAKER_03]: Yeah, but even in a down market, uh, this is going to be our uh, uh, visions of hope.
34:32
[SPEAKER_03]: There's still, there's still stuff to be traded, uh, let's see.
34:35
[SPEAKER_03]: What do we got here?
34:36
[SPEAKER_03]: Coin Gecko data.
34:37
[SPEAKER_03]: This was brought you for privacy coins, Brian.
34:39
[SPEAKER_03]: What do you see in that privacy coin market?
34:41
[SPEAKER_06]: Yeah, I think I think I'll put that on here just to really talk a lot about privacy coins Of all this a few days ago.
34:48
[SPEAKER_06]: They've been kind of going parabolic on us and let's bring up a Z-Cash I might have linked an article or we could even look at the freaking Z-Cash
34:57
[SPEAKER_06]: chart, breaks a top 20 crypto list and hits $600.
35:01
[SPEAKER_06]: I'm looking at our coin market cap right now.
35:04
[SPEAKER_06]: It's $711.
35:07
[SPEAKER_06]: It is an absolute beast.
35:09
[SPEAKER_06]: In the last week, it's up almost 100%.
35:12
[SPEAKER_06]: I remember during last week's newsletter, I did.
35:15
[SPEAKER_06]: I wanted to touch base with our community because we had some great people within our community asking about Z-Cash and Z-Cash has been around forever.
35:24
[SPEAKER_06]: 2015, 2016, if anybody's curious, it's a privacy coin.
35:28
[SPEAKER_06]: It essentially keeps the center and the receiver anonymous on the blockchain.
35:33
[SPEAKER_06]: And we've had like certain agencies go after Moreno, but Z-Cash is just absolutely ripping in this down market.
35:41
[SPEAKER_06]: So you can see there's an appetite for these privacy coins.
35:44
[SPEAKER_06]: Last week in my in the newsletter, I think we're like 360 or something along those lines.
35:50
[SPEAKER_06]: I was telling the community.
35:51
[SPEAKER_06]: I was like, man, it's up to 100% on the past couple weeks.
35:55
[SPEAKER_06]: Yeah, I don't know how much more it has to go.
35:59
[SPEAKER_06]: I was like, I'd love to see a pull back.
36:01
[SPEAKER_06]: before I bought in and I watched it every day just continue to grind and it makes me salty a little bit because I'm not in the trade but I'm super happy for everyone because it's great.
36:15
[SPEAKER_06]: There's some people really capitalizing on the Z-cash trade.
36:19
[SPEAKER_06]: and i'm waiting for a pullback i'm just sitting here saying like that has to be a pullback nothing goes up in a straight line but this feels like this is about as close as it can get uh... to something just absolutely be shaping up into a straight line i would be looking at a short
36:37
[SPEAKER_06]: with any chart that looks like this, but it too scared.
36:41
[SPEAKER_03]: I'm too scared.
36:42
[SPEAKER_03]: You're basically right right here back to it's like 2018.
36:46
[SPEAKER_03]: I mean, obviously, then when it launched there and then, but you're looking at that 2018 high right about here.
36:52
[SPEAKER_03]: So,
36:53
[SPEAKER_06]: I still have a Z cash on one of my treasures, uh, just worn, I believe, from like 2018.
36:58
[SPEAKER_06]: So I'm, uh, I'm back to break even baby.
37:02
[SPEAKER_06]: But it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it
37:15
[SPEAKER_06]: Now I've always worried about overall regulation and if someone's going to slap their hands from a government standpoint with these privacy coins, but the charge just up into the right, and it's exhilarating.
37:28
[SPEAKER_06]: Shout out to anybody that's in this trade.
37:31
[SPEAKER_06]: I'm waiting to get in.
37:33
[SPEAKER_06]: I can't buy it here.
37:34
[SPEAKER_06]: I mean, it's up 400%.
37:35
[SPEAKER_03]: No, yeah, totally, but yeah, we love when people win.
37:39
[SPEAKER_03]: So the shout out to Z-Cash,
37:41
[SPEAKER_03]: another beacon of hope.
37:43
[SPEAKER_03]: There's the absolute we you called this on the pod last time we had you were just like, you know, the market's a little choppy, we're a little worried here.
37:50
[SPEAKER_03]: All we really need is for the McRib to come back because when the McRib to come back, Bitcoin flies.
37:55
[SPEAKER_03]: And then we had, we've just had some friends out on X friends of the program.
37:59
[SPEAKER_03]: I mean, it's going to shout out the Gary Oak.
38:01
[SPEAKER_03]: Everybody's tagging Gary Oaks all over it.
38:03
[SPEAKER_03]: Tagging us, it's happening Bitcoin explosion.
38:06
[SPEAKER_03]: You were in on it.
38:07
[SPEAKER_03]: Is this confirmed?
38:09
[SPEAKER_03]: I think people are like,
38:11
[SPEAKER_03]: I think people are guessing, maybe there's a leak here, 11, 19, the McRibbs come back.
38:17
[SPEAKER_03]: Is this confirmed?
38:18
[SPEAKER_06]: Uh, this is much confirmation as we get, but that's what we do in this world.
38:23
[SPEAKER_06]: That seems confirmed to me, who, there was actually somebody in the chat.
38:26
[SPEAKER_06]: I forget who it was.
38:27
[SPEAKER_06]: I need to go back.
38:28
[SPEAKER_06]: Shout out through whoever that is.
38:29
[SPEAKER_06]: If you're in the chat now, please call yourself out.
38:32
[SPEAKER_06]: He's like, all we need is the McRib to come back and I just literally laughed out loud.
38:37
[SPEAKER_06]: I had to mute myself because I was like, we need the McRib back because it is one of the strongest correlated.
38:44
[SPEAKER_06]: aspects of Bitcoin going parabolic when the McRib comes back into heck of a sandwich too.
38:50
[SPEAKER_06]: I'll be out there order in a couple Mike kids are like, oh, it looks gross and then they take a bite of it.
38:55
[SPEAKER_03]: I'm like, I know it's pretty legit.
38:57
[SPEAKER_03]: I got to make McRib that and again, we don't know the McRib that map here.
39:03
[SPEAKER_03]: So jump on and if you see the McRib in your location,
39:07
[SPEAKER_03]: let everybody know so that that's a little bit of hope again we're giving hope here but we're also giving out some winners so let's let's give credit to you i know you called uh... in your first alerts for the moment of money makers uh... of each is that anything to do with uh... anything to do with music or no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no
39:35
[SPEAKER_06]: few days and um you know this little alpha for everybody here.
39:38
[SPEAKER_06]: I threw it on the sheet because the more I dig deep into this project the more I like it The team shipping updates absolutely constantly.
39:46
[SPEAKER_06]: They're shipping a an actual card, but this Neil bank meta this crypto bank
39:52
[SPEAKER_06]: banking solution seems to be catching some steam.
39:56
[SPEAKER_06]: The reason this popped on my radar is because it's a real team, a ROM is the developer of it.
40:02
[SPEAKER_06]: It is real name.
40:04
[SPEAKER_06]: I can't pronounce for the life of me, but it goes by ROM.
40:06
[SPEAKER_06]: It's been very transparent.
40:08
[SPEAKER_06]: I love that.
40:10
[SPEAKER_06]: The Neobank sectors pick up steam and this is extremely undervalued compared to other competitors.
40:17
[SPEAKER_06]: So what's this like
40:20
[SPEAKER_06]: Um, not financial advice.
40:22
[SPEAKER_06]: I'm a holder.
40:23
[SPEAKER_06]: I'm continuously actually dollar cost averaging in on this because every time I look into it, there's something I like more and more.
40:31
[SPEAKER_06]: So I encourage everyone, hey, take a look at it.
40:34
[SPEAKER_06]: I'm not telling you to buy it.
40:35
[SPEAKER_06]: because I'm a holder, but take a look at it, it's a super cool project, and it's undervalued for what they're trying to build.
40:44
[SPEAKER_06]: Again, anything to go to zero, these are smaller market caps.
40:47
[SPEAKER_06]: This is a $30 million market cap, but there's a potential here for it to really take off.
40:53
[SPEAKER_06]: YouTube TV, you should look into it after the show a little bit.
40:55
[SPEAKER_06]: Do a little Twitter search.
40:57
[SPEAKER_03]: All right, well, we'll take it to dive, and then again, if you're interested in those first alerts, I do have the link in the description for everybody if you're interested in getting
41:04
[SPEAKER_03]: the newsletter and the first alerts from Ryan and Joe check it out below uh let's let's uh let's have some fun here people were saying in the chat they want the crypto bagel to the mick rib and the crypto bagel to drink could bring us to the hall if you had a crypto bagel for breakfast and the mick rib for lunch pick coin might be 200k by dinner
41:22
[SPEAKER_06]: that's good all right, what else are we seeing here a little pop pump fun we're still pumping out some pump fun yeah, I mean, this is another project if you're part of MMM, you know, I like what pump phones building I think it's a it's a good
41:39
[SPEAKER_06]: At the pump fund, it started as a Solana meme coin launch pad for anybody.
41:43
[SPEAKER_06]: It's curious in this, especially in this meme coin hot meta, which they're not going anywhere, but they're continuing to evolve, and they just announced spotlight in the Expans Pump.fun from really a meme coin platform, they had 850 billion dollars worth of revenue to now they're going to tokenize utility projects.
42:03
[SPEAKER_06]: essentially internet capital markets.
42:06
[SPEAKER_06]: I love this because this is expanding and enhancing their ecosystem.
42:11
[SPEAKER_06]: I think it gives a massive upside potential at the end of the day.
42:15
[SPEAKER_06]: So not only are they kind of the leader of memecoins that aren't going anywhere.
42:20
[SPEAKER_06]: Now they're bringing in this internet capital markets where you can tokenize utility projects.
42:24
[SPEAKER_06]: We know what they're trying to build what's streaming.
42:27
[SPEAKER_06]: I think I think pumped out funds continuing to ship
42:31
[SPEAKER_06]: Updates and products in innovation in a market that feels a little bearish.
42:36
[SPEAKER_06]: So it's one of my favorite tokens out there.
42:39
[SPEAKER_03]: Yeah, I love it.
42:41
[SPEAKER_03]: And speaking of launch pads looks like Coinbase might be doing some work.
42:44
[SPEAKER_03]: They're kind of teasing it a little bit, right?
42:47
[SPEAKER_06]: Well, something dinged on me there.
42:49
[SPEAKER_06]: I missed what you said.
42:50
[SPEAKER_03]: Oh, I was just this Coinbase video.
42:53
[SPEAKER_03]: It's like it's Coinbase looking to launch a launch pad here.
42:56
[SPEAKER_06]: I think so, man, I don't know what it's gonna look like.
43:00
[SPEAKER_06]: So we all know like the famous trader in Twitter personality, Kobe.
43:04
[SPEAKER_06]: He sold Echo or Sonar for $300 million to Coinbase and he has a pretty long tweet thread kind of talking about, you know, how he sees Coinbase integrating it and then all of a sudden, what?
43:17
[SPEAKER_06]: 11, 10, I believe, Coinbase is making a pretty big announcement.
43:21
[SPEAKER_06]: So is it a launch pad?
43:23
[SPEAKER_06]: It's something.
43:24
[SPEAKER_06]: So again, it's just another point out there that all these web three or huge billion dollar companies, they're not sweating, the 12% pullback.
43:36
[SPEAKER_06]: You know, they're building, they're innovating, they're continuing to develop this sector.
43:40
[SPEAKER_06]: We got the president talking about how we're gonna be the leaders of the crypto world.
43:46
[SPEAKER_06]: This dips a gift, and this is just another reason why.
43:50
[SPEAKER_03]: Yeah, well, people agree with you that this dips a gift, even though they might be pumping their own bags here there, we got CZ giving some full disclosure, full disclosure that he's buying some aster.
44:02
[SPEAKER_06]: Oh, yeah.
44:03
[SPEAKER_06]: Yeah, he sure is.
44:04
[SPEAKER_06]: And he sure is.
44:08
[SPEAKER_06]: I love hate relationship with CZ at the end of the day, but CZ buying aster.
44:15
[SPEAKER_06]: It's for everyone's who's curious.
44:17
[SPEAKER_06]: Aster is a perplexed similar hyper liquid, but it's found on Binance.
44:21
[SPEAKER_06]: Uh, what we'll see with this develops, but with him kind of like acknowledging that he's buying it with his own personal funds, there are a couple of weeks there.
44:29
[SPEAKER_06]: He couldn't shut up about Astor, it was just going parabolic.
44:32
[SPEAKER_06]: But I think they have something, uh, something up their sleeves.
44:37
[SPEAKER_03]: Yeah, and then I use you through this chart on it's actually fascinating to watch right now again you woke up this morning It was read across the board for stocks.
44:44
[SPEAKER_03]: It was read in crypto.
44:45
[SPEAKER_03]: There's a bounce going on right now Well credit to us for doing the show.
44:49
[SPEAKER_03]: I'm sure that's why it's happening we go live and you're just starting to see Let's start with the 24 hours.
44:54
[SPEAKER_03]: I mean file coin a hundred and twenty three percent that
44:57
[SPEAKER_03]: 82% let's see any other ones we know render up 50% render we used to you know I know we we had a good some good trades on render near we saw Z cash the graph 30% 30% 25% you know some of these guys we all know and love some of these we hold the last you have 20% so
45:17
[SPEAKER_03]: And then again, I know if we go out.
45:20
[SPEAKER_03]: I don't know, let's start there.
45:21
[SPEAKER_03]: Any thoughts here, you know, you put this link in before this kind of rip happened.
45:26
[SPEAKER_03]: Could be, you know, you don't want to get too excited in one hour, time frames are two hours, but, you know, Penn, you got off the map, too.
45:32
[SPEAKER_03]: It was down 3% now up, you know, 12%.
45:35
[SPEAKER_06]: Yeah, I think we're kind of finding a local bottom here at least I hope I hope that's the case at the end of the day just for all for all of us to enjoy our weekend a little bit, but it does feel like we touched the bottom and a lot of these major tokens out here.
45:52
[SPEAKER_06]: I'm pretty interested in the AI sector with crypto.
45:55
[SPEAKER_06]: I know Michael Burrie and I might not look eye to eye, but.
45:58
[SPEAKER_06]: I love the movie, the big short and he's smarter than I could ever dream to be, but he's also been like really wrong over the past years, like really, really wrong, like to the point where he stopped tweeting because he was getting heckled so much for being wrong, but
46:15
[SPEAKER_06]: He's got billions of dollars and I think a lot of these AI tokens out here have have potential to continue running I mean, I have my favorites out there like the towels and the renders and there's a ton out there And I think the integration of AI and crypto is especially going to be interesting as we continue to push forward And we have we have a lot of we talk about the arms race between us and other countries and the two things that keep getting mentioned is AI and crypto almost separately
46:43
[SPEAKER_06]: but they integrate as well.
46:45
[SPEAKER_06]: So it's a space I'm pretty interested in.
46:47
[SPEAKER_03]: Yeah, and again, this is just, you know, some quick gainers, but if you flip this to, you know, let's go seven days and see what everybody's looking like.
46:57
[SPEAKER_03]: Some, there are some still winners over this.
46:59
[SPEAKER_03]: Let's see cash, obviously, up there.
47:02
[SPEAKER_03]: ICP, internet computer, man, what a little legend they've been around forever.
47:07
[SPEAKER_03]: So there's still some winners, one inch network, damn, there's a year near, they're getting off the
47:13
[SPEAKER_03]: Yeah, interesting to see.
47:16
[SPEAKER_03]: Let's go out to 14 days.
47:17
[SPEAKER_03]: See what's going on here.
47:18
[SPEAKER_06]: I think this is always an interesting point too.
47:20
[SPEAKER_06]: Whenever you have such a down market Don't even want to say it's such a down market when you see a pullback and retails freaking out and Bitcoin's you know Teetering right around a hundred thousand a key number.
47:31
[SPEAKER_06]: They're like what projects are bouncing off of it?
47:34
[SPEAKER_06]: Which projects are thriving?
47:35
[SPEAKER_06]: That makes me always really interested, because you can tell, I mean, if they're getting bought up in a bear day or two like this now, what's going to happen when we really start to pick up?
47:46
[SPEAKER_03]: Yeah.
47:47
[SPEAKER_03]: All right.
47:47
[SPEAKER_03]: Let's wrap up.
47:48
[SPEAKER_03]: We got about 10 minutes left.
47:50
[SPEAKER_03]: Let's do.
47:50
[SPEAKER_03]: I see Puggy on here.
47:52
[SPEAKER_03]: We talked about that.
47:53
[SPEAKER_03]: Some Puggy news with virtuals, and then we'll go to prediction markets to wrap it up.
47:59
[SPEAKER_06]: Yeah.
48:00
[SPEAKER_06]: Puggy has an AI creator now that you can
48:04
[SPEAKER_06]: utilize like, you know, their IP, so virtual is on the base network.
48:11
[SPEAKER_06]: It is an AI agent platform.
48:13
[SPEAKER_06]: It's done pretty well.
48:15
[SPEAKER_06]: It's had its fair share of ups and downs, but recently it's been picking up steam.
48:19
[SPEAKER_06]: And again,
48:20
[SPEAKER_06]: I get it.
48:20
[SPEAKER_06]: Like, I'm a Pengu holder.
48:22
[SPEAKER_06]: I've recommended to Pengu to my friends in family and I'm my huge believer in this project.
48:29
[SPEAKER_06]: Still, that between gaming, there were a few crypto companies that absolutely make millions of dollars every single month.
48:37
[SPEAKER_06]: And that's not even just in the web three world.
48:39
[SPEAKER_06]: They sell toys.
48:40
[SPEAKER_06]: They have a retail sector.
48:42
[SPEAKER_06]: They're integrating with PGAI in creation.
48:45
[SPEAKER_06]: This IP is not going anywhere.
48:47
[SPEAKER_06]: this company's not going anywhere.
48:50
[SPEAKER_06]: So again, it's a project I'm still very bullish on, but I understand.
48:54
[SPEAKER_06]: Nobody likes volatility.
48:55
[SPEAKER_06]: Nobody likes to see huge red days, but sometimes when the bitcoins that Ethereum's a salons on the world take pretty big pullbacks, the higher risk assets like a pudgy will take an even bigger fall.
49:08
[SPEAKER_06]: But again, I'm kind of like, don't for this stuff.
49:15
[SPEAKER_06]: Okay, we're going to add some more to our back and we're going to continue going down that rabbit hole because I see a path for them to be even more successful than what we could dream and it's just another case where they keep shipping.
49:27
[SPEAKER_03]: well in either you know you're either a long-term holder and you can live with it or you know at one point I know the pudgy from the bottom I was up like 400% it's like you got to figure out how to you know do some risk management I did that and you end up selling some because your stop losses get hit but you what you did was your race cash and like hey if it goes higher I still have some of it goes lower you know now I got some cash we can yeah maybe buy a little bit more pengo who knows
49:53
[SPEAKER_03]: not personal financial advice, but that's something that I've definitely been ironed up along with some BMNR for sure when, you know, again, volatility is just really opportunity if you know what you're doing, but you gotta make sure you're educated.
50:06
[SPEAKER_03]: And that's why, again, if you guys are interested, we got all the links down there to join momentum money makers.
50:10
[SPEAKER_03]: Or if you want kind of the broader subscription, I know our guy came and hooked us up with a little $1 trial link down there as well.
50:17
[SPEAKER_03]: So check it out, guys.
50:19
[SPEAKER_03]: Yeah, I don't know.
50:20
[SPEAKER_03]: Now's the time where you need education information.
50:22
[SPEAKER_03]: So, you know, we appreciate you being here in the show, but also if you're interested in getting more check out those links.
50:27
[SPEAKER_03]: Let's finish up on some prediction markets, because again, the prediction market race, as we've been correctly predicting double, double prediction there correctly.
50:37
[SPEAKER_03]: Like, you've been all over this.
50:39
[SPEAKER_03]: We've been talking on the show.
50:41
[SPEAKER_03]: I don't want to click this from Bloomberg, but Gemini.
50:44
[SPEAKER_03]: Yeah, Gemini is a good Gemini is um Gemini's doing a prediction market shout out to Gemini Sponsor presenting Sponsor the crypto 101 podcast So we'll we'll definitely be keeping an eye on that and then Google had a big partnership with Calshy with Calshy That's huge and and Polymark it.
51:06
[SPEAKER_03]: Wow
51:06
[SPEAKER_06]: Yeah, yeah.
51:07
[SPEAKER_06]: I mean, they're not creating their own prediction markets, but they're using the data in their search results.
51:14
[SPEAKER_06]: So I say this to everyone, that's curious about prediction markets.
51:18
[SPEAKER_06]: We have what Robin Hood, underdog, crypto.com.
51:21
[SPEAKER_06]: Now Gemini, all these draft king's buys railroad.
51:25
[SPEAKER_06]: We have all these multi-million and billion dollar companies now leaning into prediction markets.
51:30
[SPEAKER_06]: It's kind of the meta of the world right now, but prediction markets are awesome.
51:34
[SPEAKER_06]: there for so many ways.
51:35
[SPEAKER_06]: If that's, if you're just
51:37
[SPEAKER_06]: Um, if you're just interested in utilizing prediction markets in a very, uh, you know, from the Wagerings standpoint, or if that's just from a straight data, we the New York Stock Exchange parent company, I see, he put up two billion dollars to get the data.
51:53
[SPEAKER_06]: Now we have Google findings rolling out Pauli market and Calshy prediction markets data and search results because the data is worth so much.
52:02
[SPEAKER_06]: And it's some of the most accurate data we absolutely have.
52:05
[SPEAKER_06]: and I can't get enough of it.
52:06
[SPEAKER_06]: I think I put it on the sheet.
52:07
[SPEAKER_06]: It doesn't matter if you show it, but I've been following the government shutdown odds recently on Polymarket, and I did see a huge spike because the other day, it looked like it was going to happen between the eighth and the 11th, and I saw this huge spike that after November the 16th.
52:26
[SPEAKER_06]: Still a tremendous amount of time away,
52:29
[SPEAKER_06]: Uh, I would love to see it happen.
52:31
[SPEAKER_06]: Like this government, I mean, I'm trying to get on an airplane eventually.
52:35
[SPEAKER_06]: They're cutting 10% of flights next week.
52:37
[SPEAKER_06]: And that's when the really guys started impacting people not even from like people getting around for vacation or traveling for Thanksgiving or talking about just like delivering goods and for losing flights.
52:48
[SPEAKER_06]: So I think this is going to.
52:50
[SPEAKER_06]: Take care of itself sooner rather than later.
52:53
[SPEAKER_06]: And if we if we're looking at Pauli market, they're saying 60% chance it's going to happen after November the 16th with a pretty spike recently.
53:01
[SPEAKER_03]: Yeah, that is interesting.
53:02
[SPEAKER_03]: But that that goes along with my thought of earlier in the show is like, hey, this is going to get done before Thanksgiving Which I guess at this point, you know, isn't isn't a huge like risk curve, but It makes sense it's time to get done.
53:14
[SPEAKER_03]: I kind of like the 12th through 15th a little bit, too.
53:17
[SPEAKER_03]: Maybe like Well, action, get a little hack on
53:21
[SPEAKER_06]: Not gonna lie, not gonna lie.
53:23
[SPEAKER_06]: Let's see, yes, let's just say 20 bucks.
53:26
[SPEAKER_06]: When do you $75?
53:28
[SPEAKER_06]: Not financial advice, but that's a fun little sweat.
53:32
[SPEAKER_06]: That's all I know.
53:33
[SPEAKER_03]: Yeah, having a little fun.
53:36
[SPEAKER_03]: Yeah, at least I finally got one prediction market thing right when I did the, about the 30 day, when it was low, man, and then just the odd spiked up.
53:45
[SPEAKER_03]: I didn't even wait for it to close.
53:47
[SPEAKER_03]: I just sold it, but it was like,
53:49
[SPEAKER_03]: That was the fun part of that.
53:50
[SPEAKER_03]: It was, you know, getting something right on polymarket couchy for once.
53:54
[SPEAKER_03]: But we like the big odds, Brian and I are risk takers.
53:57
[SPEAKER_03]: We like the big odds.
53:58
[SPEAKER_03]: We're going to kick it around for other five minutes or so.
54:01
[SPEAKER_03]: If we have any questions, throw them in the chat.
54:03
[SPEAKER_03]: We'll get you guys involved.
54:07
[SPEAKER_03]: We'll answer some questions from the chat.
54:08
[SPEAKER_03]: Just an absolute buzzing Friday.
54:10
[SPEAKER_03]: Any final thoughts, anything you want to, you know, go dive on the Twitter about Brian?
54:15
[SPEAKER_03]: I'll open four of them here before we close the show.
54:17
[SPEAKER_06]: Well, I'll tell you what, we're talking about prediction markets.
54:20
[SPEAKER_06]: I was absolutely dominating prediction markets for a couple of weeks.
54:24
[SPEAKER_06]: There are months.
54:25
[SPEAKER_06]: Positive P and L. I'm in the top 10% of P and L feeling great about it.
54:30
[SPEAKER_06]: And I have given it, Joe, back.
54:34
[SPEAKER_06]: Oh, they want they want sports.
54:36
[SPEAKER_06]: But me and the del, it started with the del, where blue hands.
54:41
[SPEAKER_06]: Oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no
55:01
[SPEAKER_06]: But we've had a little bit of a I should maybe just stay in my lane with the crypto predictions I feel like I'm really sharp on that side of things, but then when you start you know I'm starting to like dabble with some NFL and NCAA bets out there for some reason I just keep losing by half a point.
55:18
[SPEAKER_03]: Yeah.
55:19
[SPEAKER_03]: Yeah, well, apart for the course of if I'm sure if you look at our draft kings or Fandle accounts
55:25
[SPEAKER_03]: Um, but let's see, so we got fed decision, um, let's see, let's take that because that's one that's definitely been something some odd's changing here recently with, uh, definitely the data being dark.
55:38
[SPEAKER_03]: So what do we got here?
55:40
[SPEAKER_03]: Uh, what was this?
55:40
[SPEAKER_03]: 25 dips decrease was pretty high at one point.
55:44
[SPEAKER_03]: Halloween last week was 90% now it's dropping because we're not getting the data plus the Fed's Speak was pretty nasty of not knowing what they want to do and then no change 24% 75% still pretty high.
55:59
[SPEAKER_06]: Yes, they're pretty high, man.
56:01
[SPEAKER_06]: It was actually 60, 60 something percent yesterday, but I believe.
56:05
[SPEAKER_06]: And so it must have bounced back a little bit.
56:07
[SPEAKER_06]: Just goes to show you that you can get some opportunity out here.
56:10
[SPEAKER_06]: Yeah, it's 60, 66% just the other day.
56:15
[SPEAKER_06]: And so we're starting to cry back up again.
56:17
[SPEAKER_06]: I think we're getting 25 nips.
56:20
[SPEAKER_06]: I don't want to touch this, but I think we're still getting 25 bips.
56:23
[SPEAKER_03]: Yeah, it is interesting.
56:25
[SPEAKER_03]: I think the most interesting part is in 26, which is something that we'll be covering for sure.
56:30
[SPEAKER_03]: But I was thinking about this the other day was like, the next big storyline is the next fed share.
56:37
[SPEAKER_03]: And what's going to happen to the Fed?
56:39
[SPEAKER_03]: Obviously, the administration gets to choose who it's going to be.
56:41
[SPEAKER_03]: And that story is going to be told in 26.
56:46
[SPEAKER_03]: And it'll be awesome to cover and watch it.
56:48
[SPEAKER_03]: We know that they want to pack it with bunch of doves and get rates lower.
56:52
[SPEAKER_03]: But it'll be interesting to see how all that plays out.
56:55
[SPEAKER_03]: And we knew it was coming.
56:56
[SPEAKER_03]: And now, obviously, it's the year ends.
56:58
[SPEAKER_03]: And you're kind of seeing the timeline of when that will happen.
57:01
[SPEAKER_03]: And it's kind of coming into scope, if you will.
57:03
[SPEAKER_03]: And I think that's going to be a fascinating thing to watch out for.
57:07
[SPEAKER_03]: See how market triacts, see how the prediction markets react.
57:11
[SPEAKER_03]: But I do wonder if possibly,
57:14
[SPEAKER_03]: You know, I think the Fed is we said, it's a tough job.
57:16
[SPEAKER_03]: It's hard to do it.
57:17
[SPEAKER_03]: Perfect.
57:18
[SPEAKER_03]: If not impossible to do it perfect.
57:20
[SPEAKER_03]: So I have no personal, you know, thoughts of Fed share power.
57:24
[SPEAKER_03]: Then I thought, you know, I think he holds the position well and speaks well.
57:28
[SPEAKER_03]: You can disagree with them.
57:29
[SPEAKER_03]: That's fine.
57:29
[SPEAKER_03]: That's part of having opinions and doing your research.
57:31
[SPEAKER_03]: But at the same time, I think he holds himself well.
57:34
[SPEAKER_03]: But I wonder if at the end of his term is like, you know, again, he's going to be in the history books, no matter what.
57:42
[SPEAKER_03]: So, you know, how does he want to be seeing the history books?
57:44
[SPEAKER_03]: Is he going by the numbers or are there other people in the fed that we know have kind of a political agenda that, you know, both sides have political agendas, but it's like, dude, it's like,
57:53
[SPEAKER_03]: It's like a TV show almost.
57:55
[SPEAKER_03]: We'll be interested to see how it plays out and as his time comes to an end, I feel like personal feelings and politics might get more involved around decisions, knowing what's gonna happen after he leaves office if that makes sense.
58:08
[SPEAKER_06]: Oh, for sure.
58:09
[SPEAKER_06]: He's, he's a stop wearing that purple tie.
58:12
[SPEAKER_06]: I'm like gosh.
58:13
[SPEAKER_03]: 99% right.
58:14
[SPEAKER_06]: Yeah, I mean, he's just all over that purple tie.
58:17
[SPEAKER_06]: I'm on the wrong side every week, every month at me.
58:20
[SPEAKER_03]: Yeah, well, we didn't we didn't get any questions, but man the chat was buzzing from Ryan to fits to CJ.
58:26
[SPEAKER_03]: Don't forget Debra says go-hands.
58:28
[SPEAKER_03]: How about that?
58:29
[SPEAKER_03]: Hens homecoming this weekend.
58:31
[SPEAKER_03]: Got some of friends down in Newark, Delaware to go see the Hens win their homecoming game tomorrow.
58:36
[SPEAKER_03]: So we might have to get up some action.
58:38
[SPEAKER_03]: But great, great live.
58:40
[SPEAKER_03]: Any final thoughts, Ryan, before we sign off?
58:43
[SPEAKER_06]: Now, I mean, even though we're a little red and we're bleeding a little bit, still no reason for me to be overly concerned, it's just a lot of buddies and family friends and texting me what's going on and I'm giving them the answers and they don't like to hear what I have to say.
59:00
[SPEAKER_06]: I'm just like, time to keep dollar cost averaging in.
59:04
[SPEAKER_03]: hey but that's what we always say that's why you're here and we we you know we show up to the music whether it's red or green and we've been doing this for years and we're gonna keep doing it for years because it's truly what we love to do we appreciate everybody joining in but hey at least we face the music when it's red again zooming out I agree with you there's not that much to be worried here but there's gonna be a ton of stuff going into the end of the year uh... markets are gonna go down and there's gonna be tons of information but you're in the right place so please give it a like subscribe if you enjoyed the show
59:30
[SPEAKER_03]: Again, I put this on our post to let you know that we're going live.
59:34
[SPEAKER_03]: I'm trying to be better than that now that we're getting to the flow.
59:36
[SPEAKER_03]: We've got a lot more lives coming next week and through the rest of the year.
59:40
[SPEAKER_03]: We appreciate you joining my name's Tvo for Brian.
59:43
[SPEAKER_03]: This is the crypto 101 podcast.
59:44
[SPEAKER_03]: Hope you guys enjoy your weekend, but that's all for today.
59:48
[SPEAKER_03]: Bye bye everybody.
59:49
[SPEAKER_03]: Have a good one.