Latest / CRYPTO 101 / Crypto Rundown: Gold Is Crashing… But Bitcoin Isn’t — What Markets Are Telling Us

Transcript

Crypto Rundown: Gold Is Crashing… But Bitcoin Isn’t — What Markets Are Telling Us · CRYPTO 101

0:08
[SPEAKER_01]: All right, everybody, welcome back to the crypto rundown.
0:12
[SPEAKER_01]: Gold is crashing silver is crashing, but Bitcoin is outperforming.
0:16
[SPEAKER_01]: What is Bitcoin and crypto telling us?
0:19
[SPEAKER_01]: We're going to dive into the charts on this episode and look at it all.
0:23
[SPEAKER_01]: This is going to be your technical analysis breakdown for the crashing of gold silver.
0:27
[SPEAKER_01]: Bitcoin seems to be outperforming, especially in the month of March.
0:30
[SPEAKER_01]: And just all the crypto news, just, I mean, again, the fundamentals and the bullish news
0:38
[SPEAKER_01]: BlackRock bringing in a quarter billion dollars into their staking ETF and much more on this episode of the crypto run now.
0:44
[SPEAKER_01]: I am so pleased to be back with you guys.
0:46
[SPEAKER_01]: We missed last week due to the community summit that we were hosting, but we put out a lot of great interviews for you guys with Brendan carrying the load and those interviews.
0:55
[SPEAKER_01]: And we are fortunate enough to have Brendan with us alive today.
0:59
[SPEAKER_01]: Brendan, welcome back my friend.
1:00
[SPEAKER_01]: It's been about two weeks.
1:01
[SPEAKER_01]: So super happy to have you back and do in our show.
1:05
[SPEAKER_00]: I'm stoked to be back man.
1:07
[SPEAKER_00]: It's been too long.
1:09
[SPEAKER_00]: I haven't been able to peer as much, but it's like you said, I mean, we've been busy over here.
1:13
[SPEAKER_00]: There's a lot going on behind the scenes.
1:16
[SPEAKER_00]: We're working on a lot of things.
1:17
[SPEAKER_00]: If you're a community member, you know this.
1:19
[SPEAKER_00]: We've rolled out some really big upgrades and changes.
1:23
[SPEAKER_00]: We're excited to do it, man, and so we're just plugged in all these different places.
1:27
[SPEAKER_00]: We're juggling, but in the best way possible.
1:29
[SPEAKER_00]: And so I think today's episode is going to be a really good show of that.
1:33
[SPEAKER_00]: In fact, we had to go through for people who don't know.
1:35
[SPEAKER_00]: We put a list together at the very
1:38
[SPEAKER_00]: like start of the day or end of the prior day and we had to cut today's list short because there were so many different things going on.
1:45
[SPEAKER_00]: So the good news is that you'll get me twice this week.
1:48
[SPEAKER_00]: You get me Antiva together twice this week.
1:50
[SPEAKER_00]: We're going to be doing another one of these on Friday but we had to cut part of the list off because there was just so much to talk about.
1:57
[SPEAKER_00]: Tevo, you'll line this up with some really good things excited to dive in here.
2:01
[SPEAKER_00]: I mean, where do we even start?
2:02
[SPEAKER_01]: Well, let's start with a little housekeeping since we've been away for a one Murphy's law whenever we're, you know, not necessarily away.
2:09
[SPEAKER_01]: We're all both slammed with work, doing community things, which we love.
2:13
[SPEAKER_01]: But it was like one of the busiest news flows.
2:16
[SPEAKER_01]: I was like every day I was like, dude, we could have done three run-downs last week.
2:19
[SPEAKER_01]: So that's just the way it goes.
2:21
[SPEAKER_01]: I've been seeing a lot of chatter in the podcast side.
2:24
[SPEAKER_01]: Obviously, in the community side people know a lot of chatter on the podcast side,
2:29
[SPEAKER_01]: So we can announce now publicly Bryce has welcomed his second child with his beautiful wife and Bryce has been doing some paternity leave and then focusing on obviously the community being in the newsletters when he can But a little bit of paternity leave some family time for our fearless leader, which everybody
2:46
[SPEAKER_01]: would love to have and we wish him and his family the best I know he's having a lot of fun but his comeback is on the horizon coming soon in a couple weeks and then a little extra a little extra dessert for the community here which again the community knows is uh and we've been preaching this on the podcast to say price actions down but fundamentally
3:06
[SPEAKER_01]: We see a lot of bullet shoots, a lot of green shoots, and we kind of always set on this show.
3:11
[SPEAKER_01]: Like, hey, we're always looking for who's building in the space, and that's us.
3:14
[SPEAKER_01]: We're the builders.
3:15
[SPEAKER_01]: We keep putting out more content than ever.
3:17
[SPEAKER_01]: And we have a new, a new teammate that we will be introducing soon on the podcast.
3:22
[SPEAKER_01]: If you're in the community, you already meant him.
3:24
[SPEAKER_01]: His name is Hunter, and I'm, we're going to be kind of figuring out how we want to introduce him to the podcast.
3:29
[SPEAKER_01]: He's going to be working inside the community, like we always talk about.
3:33
[SPEAKER_01]: And then also we want to fold him into the podcast as well.
3:36
[SPEAKER_01]: super exciting stuff.
3:37
[SPEAKER_01]: We continue to build even though the price action hasn't gone our way.
3:41
[SPEAKER_01]: We're bullish about the fundamentals.
3:42
[SPEAKER_01]: So I just wanted to do a little house keeping there for the good people of crypto 101.
3:47
[SPEAKER_01]: A lot to discuss.
3:48
[SPEAKER_01]: Let's just dive into it.
3:49
[SPEAKER_01]: The first thing last week was the Fed.
3:52
[SPEAKER_01]: J. Powell, friend of the show, the Fed held rates.
3:55
[SPEAKER_01]: People were kind of wondering, or not wondering if that was going to happen.
3:58
[SPEAKER_01]: It was almost a guarantee 99% on the betting markets But there were more interested in the press conference the first Fed meeting since this war broke out the first Fed meeting since oil started to climb higher and Kind of as expected it was it was down the middle we're waiting on the data But I don't know there were people that said it was a dove's cut.
4:16
[SPEAKER_01]: I'm sorry a dove's hold
4:18
[SPEAKER_01]: I didn't see it that way.
4:19
[SPEAKER_01]: I thought the presser was a little bit more pessimistic in regards to what's going on overseas.
4:24
[SPEAKER_01]: And so, you know, the market wasn't a huge fan of that in the continuation of this, uh, I guess technically war and the straight of her moves being closed, uh, in the fear that these oil prices are going to creep into inflation.
4:38
[SPEAKER_01]: Um, so again, a hold, but what did you, did you get a chance to, I just kind of caught the quotes.
4:43
[SPEAKER_01]: I didn't get the tune into the full presser like we usually do,
4:47
[SPEAKER_00]: Yeah, you know, I was seeing very similar stuff.
4:51
[SPEAKER_00]: I don't think he was hawkish.
4:52
[SPEAKER_00]: I actually thought the meeting was better than expected.
4:57
[SPEAKER_00]: I think it was a little bit more dovish than expected, but not dovish in and of itself if that makes sense.
5:02
[SPEAKER_00]: But I thought his verbiage,
5:05
[SPEAKER_00]: And the way he worded things was better than I would have expected from a meeting like that.
5:09
[SPEAKER_00]: So I left it thinking, hey, this was really as expected, not a huge change.
5:16
[SPEAKER_00]: Nothing change in terms of rates.
5:18
[SPEAKER_00]: You know, one of the interesting thing the things though is that it looks like rate cuts or the odds for rate cuts are getting pushed out further and further and further.
5:28
[SPEAKER_00]: You know, a lot of people thought that we'd be getting them in spring, then it started looking like it was getting priced out the summer.
5:34
[SPEAKER_00]: Now it looks like it's getting priced out to fall.
5:37
[SPEAKER_00]: Maybe even priced in to next year.
5:39
[SPEAKER_00]: And so that that is and or was one of the things that I took away from this meeting is that we saw that the interest rate decision to to cut rates looks like it's being pushed and pushed and pushed.
5:51
[SPEAKER_00]: which people have it liked.
5:53
[SPEAKER_00]: And I think that we have a couple of catalysts here that are still affecting.
5:55
[SPEAKER_00]: I would say all risk on assets, but crypto specifically, right?
6:00
[SPEAKER_00]: And so to just briefly summarize those, you obviously have the geopolitical stuff that's going on, right?
6:05
[SPEAKER_00]: You have war.
6:06
[SPEAKER_00]: That's not, that's going to make people say, hey, I want to sit on my hands.
6:09
[SPEAKER_00]: I want to see how this all plays out.
6:11
[SPEAKER_00]: I want to be a little bit more safe.
6:12
[SPEAKER_00]: I just, you know,
6:12
[SPEAKER_00]: You know, you just don't know what's going to happen.
6:13
[SPEAKER_00]: It causes people to be more cautionary.
6:16
[SPEAKER_00]: So you have macroeconomic factors.
6:18
[SPEAKER_00]: You also have what's stemming from that is energy issues for rising energy prices.
6:23
[SPEAKER_00]: That's kind of a byproduct of the macroeconomic fears.
6:27
[SPEAKER_00]: So then you have energy issues in rising gas prices and energy prices and all of that.
6:32
[SPEAKER_00]: On top of that, you have the Fed, like you said, interest rate decisions being pushed out later, maybe we're going to get less cuts than we expected this year.
6:41
[SPEAKER_00]: There's also going to be a new federal reserve chairman.
6:43
[SPEAKER_00]: There's just a lot going on around interest rates and inflation and, you know, how this all is going to affect the overall economy.
6:50
[SPEAKER_00]: And so that hasn't effect on risk on assets like crypto.
6:53
[SPEAKER_00]: And then the final one here is continued.
6:56
[SPEAKER_00]: I guess a push for the Clarity Act and what we saw on that front is that there was news this morning talking about how stable coins in the yield around them will work wasn't super well received.
7:10
[SPEAKER_00]: I saw circle was down like circle stock was down like 20% today.
7:13
[SPEAKER_00]: And then obviously with everything else that's going on with war and energy prices and all these other things, well that then becomes a priority as opposed to the Clarity Act.
7:22
[SPEAKER_00]: So people are looking at other things and saying, hey, let's get this solved first, then we can circle back to the Clarity Act, which again, with that being kicked down the road, a lot of people were hoping that it would have been passed by now, and it's not, and so that's causing people in the crypto market to just be a little bit more cautious until I think a lot of these different catalysts and moving pieces and parts,
7:42
[SPEAKER_00]: start to get fixed.
7:44
[SPEAKER_00]: And so that's where I'm looking at here, Tvo.
7:48
[SPEAKER_00]: You know, with the Fed, again, I do think that that's a big one, but there's a lot of different catalysts that were we're waiting for.
7:57
[SPEAKER_01]: My apologies.
7:58
[SPEAKER_01]: I'm the, um,
7:59
[SPEAKER_01]: yeah there's there's just too much going on which is what at least on a macro level which we we've been covering but again part of this show is deep diving specifically into the crypto side of it which we do a lot and honestly which we showcased is crypto's been outperforming and you know there's plenty of cases to be made the the stats show like a crypto led the way down that's just a fact but recently especially in the month of march it's been outperforming so let's pull up the charts here uh we can just kind of go through again we're going to do a deeper
8:28
[SPEAKER_01]: in the live.
8:29
[SPEAKER_01]: I don't have a scheduled time yet.
8:30
[SPEAKER_01]: Brendan and I are going to get that up and I'll post it in our YouTube community on Twitter.
8:36
[SPEAKER_01]: So you can see.
8:37
[SPEAKER_01]: So but Friday we're going to do a deeper dive into the charts.
8:40
[SPEAKER_01]: But we'll do some some high level here and then we want to get a golden silver a look to so let's just do a little run down the charts.
8:46
[SPEAKER_00]: Yeah, I mean, you had Bitcoin outperforming about a week or so ago.
8:50
[SPEAKER_00]: You can see from March 9th, up until around March 17th year.
8:55
[SPEAKER_00]: You had about an eight day window where Bitcoin was able to appreciate about 15 to 16% to the upside.
9:01
[SPEAKER_00]: Had eight straight, seven to eight straight days of nothing but green daily candles.
9:07
[SPEAKER_00]: It was outperforming metals.
9:09
[SPEAKER_00]: It was outperforming large caps, equities, it was outperforming small cap equities.
9:14
[SPEAKER_00]: It was, I mean, literally outperforming everything.
9:16
[SPEAKER_00]: Moving upwards about 15% and this is all a lot of like stocks and stuff.
9:20
[SPEAKER_00]: We're actually falling during this period along side metals And so It wasn't up until last week that you started to see a little bit more downside from the crypto market again Coming off of a lot of these headlines coming off of a lot of the news You started to see it turnovers people were starting to get away from risk
9:37
[SPEAKER_00]: But I think the unique thing here is that people were looking at metals and metals have historically been used as a risk off play.
9:45
[SPEAKER_00]: They've turned into a little bit more of a risk on play in the last years.
9:48
[SPEAKER_00]: So as they've started to really gain some traction.
9:52
[SPEAKER_00]: But you mentioned gold, for example, you take a look at this.
9:55
[SPEAKER_00]: It's really started to suffer here over the last.
9:58
[SPEAKER_00]: you know, so many days.
10:00
[SPEAKER_00]: So if you take a look since March 9th, which is what we were looking at on Bitcoin, you know, medals over here have dropped over gold specifically as has dropped about 21 and a half percent.
10:09
[SPEAKER_00]: You look at silver, for example, since March 9th, similar story, it's down almost 30 percent here in the last two or so weeks.
10:17
[SPEAKER_00]: You can look at copper, which is another one that I like to follow.
10:20
[SPEAKER_00]: Similar story, you know, this thing has is dropped
10:25
[SPEAKER_00]: you know, maybe over 11 or 12 percent.
10:27
[SPEAKER_00]: So it's being a little bit more stable and a little bit less volatile.
10:31
[SPEAKER_00]: But you look at Bitcoin over these kind of same time periods.
10:35
[SPEAKER_00]: Bitcoin still green since the ninth.
10:38
[SPEAKER_00]: Even when you look at how much it's down off of its most recent high, from peak to trough, it's only about 11 percent.
10:44
[SPEAKER_00]: And you're seeing 20 to 30 percent on gold and silver respectively.
10:48
[SPEAKER_00]: So you have out performance here from Bitcoin.
10:50
[SPEAKER_00]: You can see similar things over with like the NASDAQ, for example.
10:54
[SPEAKER_00]: This thing's been falling pretty aggressively.
10:56
[SPEAKER_00]: If you measure it since the 10th NASDAQs fall in about six percent, the Russell representing the small caps.
11:02
[SPEAKER_00]: This thing's fallen about six and a half percent.
11:06
[SPEAKER_00]: You know, Dow Jones really trending aggressively to the downside here over the last, I would say almost a month now.
11:13
[SPEAKER_00]: You look at this thing since some of these dates.
11:14
[SPEAKER_00]: You know, it's down about six, six and a half percent as well.
11:17
[SPEAKER_00]: So it's really not like it's just isolated the crypto, right?
11:20
[SPEAKER_00]: It's easy for us to be in the crypto market and look at this and say, oh, well, you know, the crypto market's down.
11:27
[SPEAKER_00]: All coins are down.
11:29
[SPEAKER_00]: Everything related to crypto.
11:30
[SPEAKER_00]: It's down.
11:30
[SPEAKER_00]: Why is crypto down when it's really not just crypto?
11:34
[SPEAKER_00]: I think that's the hard part about what we're going through right now is it's
11:38
[SPEAKER_00]: Large cap equities, small cap equities, meaning stocks.
11:42
[SPEAKER_00]: It's metals of different varieties, whether it's gold, silver, copper, you name it, metals are all down, and on top of that, it's accompanied by crypto being down.
11:52
[SPEAKER_00]: Now, crypto again has actually performed quite well here.
11:55
[SPEAKER_00]: Over the last, you know, I would say this month, right, if we're looking at March.
11:59
[SPEAKER_00]: Um, cryptos actually perform pretty decently, holding value better, not seeing as much consistent downside, having some rallies, having some cell-offs, it's a little bit more mixed whereas everything else has been more, uh, one-sided or asymmetric to the downside.
12:14
[SPEAKER_00]: So, I think it's worth noting that, right?
12:17
[SPEAKER_00]: At least crypto has been gaining some traction, at least it's been getting some buyers.
12:21
[SPEAKER_00]: Sure, it's gonna see some selling pressure, but I think that's normal, right?
12:24
[SPEAKER_00]: At the end of the day, this is a risk on asset.
12:28
[SPEAKER_00]: In fact, it's towards the higher end of the risk on assets.
12:32
[SPEAKER_00]: So if you're seeing moves out of gold and silver and NASDAQ and the SMP and the Russell and Dow and all these other playbooks that are maybe considered risk, which I think you can throw medals into these days with how they've moved.
12:46
[SPEAKER_00]: Bitcoin typically sees more volatility.
12:49
[SPEAKER_00]: It's more risky.
12:49
[SPEAKER_00]: You have more risk, but you also have more reward with the upside and downside of volatility.
12:55
[SPEAKER_00]: So even with that, again, Bitcoin encrypt holding together quite well, holding its own here at least in recent weeks, which I think is a good sign.
13:04
[SPEAKER_00]: Now, the big question here, we'll talk maybe a little bit more about this on Friday because we just have so many other things to talk about today, which is, what are we going to do here with the crypto market?
13:14
[SPEAKER_00]: And one of the big things I'm watching,
13:16
[SPEAKER_00]: is the potential of a bear fly.
13:17
[SPEAKER_00]: We've seen moves down, followed by rising channels, move down, followed by rising channel, I moved down, followed by rising channel, and then another move down, which so far, this looks mighty similar to this move that we saw over in here.
13:31
[SPEAKER_00]: So I'm a little bit nervous thinking, hey,
13:35
[SPEAKER_00]: I would still say it's possible for us to get another move to the downside here.
13:38
[SPEAKER_00]: I would not write that out.
13:40
[SPEAKER_00]: It looks like it is something that is on the tables of real possibility.
13:43
[SPEAKER_00]: It doesn't mean it has to happen.
13:45
[SPEAKER_00]: But again, looking at the similarities between how this bear flag looked over in here, where we move down, rising channel, move down.
13:53
[SPEAKER_00]: This one looks mighty similar, where you have the move down, the same sort of rising channel, and I would just be
13:59
[SPEAKER_00]: aware that hey it's very possible for us to see another move to the downside so I'm just being a little bit cautious in case that reality becomes more likely.
14:11
[SPEAKER_01]: All great stuff man all great stuff and it's it's like you said it's kind of uh
14:16
[SPEAKER_01]: There's just so much information out there to break down.
14:18
[SPEAKER_01]: I know the S&P 500 started trading under its 200 day moving average.
14:24
[SPEAKER_01]: There's an old saying that nothing good happens under the 200 day moving average and then you can see those if you're in the
14:32
[SPEAKER_01]: technical analysis course that Brendan does you'll learn about these moving average in depth.
14:36
[SPEAKER_01]: You know, we talked about the golden cross.
14:38
[SPEAKER_01]: I think that was tower hyper liquid, which we'll get to next, but you know, the looking at a possible convergence there of some moving averages.
14:46
[SPEAKER_01]: So, something that you're going to want to keep an eye on from the technicals.
14:49
[SPEAKER_01]: And again, if you're interested in Brendan's trading course, as we say, it's not always open, but this is the week.
14:55
[SPEAKER_01]: Cohort is open.
14:56
[SPEAKER_01]: I have a link down there for everybody if they're interested
15:00
[SPEAKER_01]: technical analysis course with Brendan you get to interact with him live two days a week along with all the course materials so check it out if you're interested as we transition to the rest of the show we're going to bring up two more and I do I got to give our whole team credit I've been doing this a lot you know we we do it for both sides hey if we say something that didn't work out we'll let you know but credit to the team I mean we've been on the hyper liquid train and the tow train for a while and we've talked about it on this show
15:28
[SPEAKER_01]: But I just let people know how much hyper liquids not outperforming everything.
15:33
[SPEAKER_01]: We're going to talk next about hyper liquid.
15:35
[SPEAKER_01]: They had huge news last week.
15:36
[SPEAKER_01]: And then I moved around on the sheetbren and let's just do hyper liquid right into town.
15:40
[SPEAKER_01]: Because these are two outperformers.
15:41
[SPEAKER_01]: We've talked about them in the community for a very, very long time on newsletters.
15:46
[SPEAKER_01]: They've been calls.
15:47
[SPEAKER_01]: And again, that's the type of stuff that our community gets early.
15:50
[SPEAKER_01]: We talk about the first alerts with Brian and Joe inside your technical analysis course.
15:53
[SPEAKER_01]: The newsletters and everything.
15:54
[SPEAKER_01]: So if you're interested in that check the links below.
15:56
[SPEAKER_01]: But it's also something that we talked about on the podcast a lot recently, so you're getting huge alpha there too.
16:02
[SPEAKER_01]: So show us the out performance for hyperlique with then Tao and then we'll jump into the news.
16:06
[SPEAKER_00]: Yeah, hyperliquid crushing it.
16:08
[SPEAKER_00]: It's funny.
16:09
[SPEAKER_00]: You mentioned the S&P and NASDAQ and DAW are all breaking below.
16:13
[SPEAKER_00]: They're 200 day moving averages for the first time since the tariff crash.
16:17
[SPEAKER_00]: Right, you see it here on SPI or the S&P.
16:20
[SPEAKER_00]: You see it on NASDAQ and you see it over here on the Dow Jones.
16:23
[SPEAKER_00]: Well, you go over to Hyperliquid and it's the opposite.
16:26
[SPEAKER_00]: This thing has broken above its 200 day moving average.
16:29
[SPEAKER_00]: And it's holding above it.
16:30
[SPEAKER_00]: And it has been doing it for a couple of weeks.
16:33
[SPEAKER_00]: Uh, so far here, if you're looking at it since the end of January around the 21st, uh, Hyper liquids rallied 114% to the upside, making it break above that, that 200 day moving average.
16:46
[SPEAKER_00]: Now, I don't know many other assets that are up over 100% in the last, you know, let's say two or so months here.
16:53
[SPEAKER_00]: It's pretty rare, it's pretty unique to say, hey, in the last two months.
16:57
[SPEAKER_00]: and assets been able to outperform, you know, let alone outperform by seeing a 100 plus percent gain to the upside.
17:03
[SPEAKER_00]: It's huge.
17:04
[SPEAKER_00]: This thing has been seeing, and as everyone will see here in just a second, it has been seeing so much positivity, so much development.
17:12
[SPEAKER_00]: I think that the hyperlink with team has put on a masterclass of how to run
17:18
[SPEAKER_00]: and grow a crypto blockchain-based product or service or whatever you want to call it, right?
17:26
[SPEAKER_00]: In terms of a project, I think they have put on a masterclass of this is how you contribute value, this is how you get users, and this is how you use blockchain tech to create killer products that crush the competition.
17:40
[SPEAKER_00]: And that's what they've done.
17:41
[SPEAKER_00]: They've gained first
17:45
[SPEAKER_00]: They basically came out and said, hey, we're going to create this killer product in service.
17:49
[SPEAKER_00]: It's going to beat out the competitors.
17:51
[SPEAKER_00]: And then users will come.
17:53
[SPEAKER_00]: The more users that they're getting, the more money that it's bringing in, the more volume they get.
17:58
[SPEAKER_00]: They're using a lot of that to go towards buybacks of the token itself.
18:01
[SPEAKER_00]: The tokens going up.
18:02
[SPEAKER_00]: People are seeing it outperform.
18:04
[SPEAKER_00]: That gets more headlines.
18:05
[SPEAKER_00]: And they've done a great job of receiving what people want and acting upon that.
18:10
[SPEAKER_00]: And a really fast way.
18:12
[SPEAKER_00]: I think that's one of the most frustrating things is that other projects will take months or years to push out upgrades and they're saying, Oh, you want metals trading done.
18:20
[SPEAKER_00]: You want oil trading done.
18:22
[SPEAKER_00]: You went S&P 247 done.
18:24
[SPEAKER_00]: It's added.
18:25
[SPEAKER_00]: And we have a lot of news to go alongside this, but yeah, I mean, because of all this, I wanted to show the chart first to your Tvo because,
18:33
[SPEAKER_00]: there's again so many different moving pieces so many news articles to reference here but they've been trending up over a hundred percent in the last two months because of a lot of the things that we're going to talk about so yeah um interesting stuff you know they they reached up to around forty three forty four dollars it's the highest that they've been since around November of last year and overall chart looking pretty good one of the better looking charts
19:02
[SPEAKER_01]: Hell yeah, and then let's pull up our I guess let's just we'll go right into the conversation about hyper liquid and then we can circle back on the town chart before we after we talk about that so it's let's pull up the news we'll break it down obviously the price action and this is
19:18
[SPEAKER_01]: This is perfect because we've been saying on the show it's fun to metals are strong fun and this is for crypto as a whole it's like we see these fundamentals there's got to be some green shoots and then finally you're seeing something with real fun to metals that we've been covering on this show in our community for months and then now you're seeing price action follow so just huge news I want to
19:39
[SPEAKER_00]: So here's the first of them.
19:41
[SPEAKER_00]: The SMP 500 Dow Jones in Disease.
19:44
[SPEAKER_00]: The literal standard of performance for the stock market is going to be powered by hyperlink width.
19:50
[SPEAKER_00]: So this is big.
19:51
[SPEAKER_00]: What it's basically saying here is that the SMP Dow Jones in Disease are going to join here with hyperlink width.
19:59
[SPEAKER_00]: And they are going to have a perpetual contract for the SMP 500 that is going to run 247.
20:06
[SPEAKER_00]: Now, why is this a big deal?
20:09
[SPEAKER_00]: Because during, I was not even during, at any point in history, you could have only traded the markets during the weekdays.
20:18
[SPEAKER_00]: For a long time, it was during the weekdays, 930 to 4 to 5 PM, and that was it.
20:25
[SPEAKER_00]: Now, we have expanded beyond that Robinhood and other platforms have started having pre-market post-market extended hours.
20:32
[SPEAKER_00]: Futures contracts would run
20:36
[SPEAKER_00]: What this does is this is saying, no, no, no, no, no, you're going to be able to trade on a Friday night, a Saturday, a Sunday morning, doesn't matter.
20:44
[SPEAKER_00]: It's big because prior to this, you could never get exposure to the markets during the weekend.
20:49
[SPEAKER_00]: And because of this, a lot of really big catalysts would purposely happen on the weekend so that they wouldn't have some crazy market reaction.
20:58
[SPEAKER_00]: And there would be no other way to get exposure to these events, except through Bitcoin and other
21:04
[SPEAKER_00]: So what people would do is if it was good news, they'd go and buy a Bitcoin and Bitcoin would start ripping over the weekend.
21:10
[SPEAKER_00]: And then when the futures market for the stock market opens up on Sunday at 6 p.m. All of a sudden it gaps up to the upside.
21:19
[SPEAKER_00]: Now what you have is...
21:21
[SPEAKER_00]: If people want to go and get exposure to what's happening, they can do it through this hyper-liquid contract.
21:27
[SPEAKER_00]: They can say, okay, since it's trading for 24-7, if something happens on a Saturday night, I can go and I can trade the SMP-500 and get exposure up or down through this perpetual's contract.
21:40
[SPEAKER_00]: So it's a really big deal.
21:41
[SPEAKER_00]: This is the first step in making traditional indices and equities.
21:46
[SPEAKER_00]: 24-7 and having trading available 24-7.
21:49
[SPEAKER_00]: Now again, this is exclusive to Hyperliquid.
21:52
[SPEAKER_00]: You're not going to be able to go on to your normal broke bridge, you know, your fidelity, your Schwab, your Robin Hood.
21:59
[SPEAKER_00]: You're not going to be able to go on there and trade this kind of product.
22:03
[SPEAKER_00]: It's going to be exclusive to Hyperliquid.
22:05
[SPEAKER_00]: So again, they're crushing it here.
22:06
[SPEAKER_00]: They know what people want.
22:08
[SPEAKER_00]: They know how to offer what no one else can.
22:11
[SPEAKER_00]: And they're giving people not only what people have won it for a long time, but what they want at the same time.
22:17
[SPEAKER_00]: So it's big.
22:17
[SPEAKER_00]: It's the first, I would say it's the first real example of getting a 24-7 stock market in a 24-7,
22:29
[SPEAKER_00]: Um, let's go to the next one.
22:32
[SPEAKER_00]: And of course, chime in at any time to you about I'm going to try to just burn through these because we have so many to talk about.
22:39
[SPEAKER_00]: But here's the next one.
22:40
[SPEAKER_00]: Hyperliquid just became the most profitable chain on the planet in the last 24 hours.
22:44
[SPEAKER_00]: Hyperliquid has generated more fees than Ethereum, Solana, Bitcoin, and B&B combined with just 11 employees.
22:54
[SPEAKER_00]: No venture capital or marketing or any of these other things.
22:59
[SPEAKER_00]: 11 employees, and they're doing more than every, just about every other chain combined, which is a crazy thing to think about.
23:07
[SPEAKER_00]: So they're obviously seeing a astronomical level of success.
23:13
[SPEAKER_00]: If you go to the next slide here,
23:16
[SPEAKER_00]: This one just shows, so this is in regards to what they've been pretty flexible on.
23:22
[SPEAKER_00]: Hyperliquids now trading more oil, gold, and silver than crypto.
23:25
[SPEAKER_00]: So with their new HIP, that's essentially their latest upgrade and proposal, open interest surpassed $1.5 billion, which is an all-time high.
23:37
[SPEAKER_00]: Again, the 24-7 advantage is pulling in volume, people like the fact that they know that if they're trading on HyperLickwood, they can get in and out whenever.
23:46
[SPEAKER_00]: It doesn't matter if it's a night, day, weekend, weekday, people like the flexibility and the liquidity that a 24-7 market brings.
23:57
[SPEAKER_00]: And then, so they've been crushing it over here.
23:59
[SPEAKER_00]: Just real quick note before we change topics.
24:02
[SPEAKER_00]: they the ability here they started I was just saying hey you can trade crypto when we're going to add all these cool features we're going to make it easy to use we're going to make it seamless we're going to make it a good friendly experience the smart play that they've made is saying oh you guys want to trade other things well crypto is hot you can trade that metals were hot you can trade that now oils hot it's volatile okay here come trade oil on us
24:25
[SPEAKER_00]: They have done such a excellent job of saying, this is what's hot.
24:30
[SPEAKER_00]: We're not going to add it in a month from now a year from now.
24:33
[SPEAKER_00]: As soon as something's hot, you can trade it on there.
24:36
[SPEAKER_00]: No matter what it is.
24:37
[SPEAKER_00]: And now it even extends to the S&P, which is huge.
24:41
[SPEAKER_00]: I mean, yeah, what a crazy chart, looking at daily open interest.
24:47
[SPEAKER_01]: Yeah, it's not only, and then the comparison to the Binance has over 8,000 employees hyper liquid that you said has 14 and one of them processes more daily volume.
24:58
[SPEAKER_01]: It really is crazy just the momentum that we've seen in this protocol.
25:04
[SPEAKER_01]: And that momentum leads, you know, to stuff like this where gray scales filing the SEC to launch a new gray scale hyper liquid ETF.
25:12
[SPEAKER_01]: So again, that's that's the the momentum.
25:15
[SPEAKER_01]: Again, the fundamentals.
25:17
[SPEAKER_01]: This has been built.
25:17
[SPEAKER_01]: It's here.
25:18
[SPEAKER_01]: I think the thing is if you're going to, you know, just see the highlights of the tweets and the sound bites that we've heard over the last two weeks.
25:25
[SPEAKER_01]: you've missed the plot of getting the research before you know this is something that's been building for months and i think that's the cool thing about our team is you know we've written news letters about this and talked about it in the program before so to see everything kind of follow within that that almost break out of quote unquote hype and press uh... and things are going to follow and and again you gotta be careful you gotta watch out for those hockey sticks but you know this is kind of the stuff that seems to be unlocking more and more capital
25:55
[SPEAKER_01]: And even, you know, Jamie Crypto Diamond is saying, JP Morgan says hyper liquid is gaining traction.
26:01
[SPEAKER_01]: So it's hard to not look around and see a green shoot for hyper liquid to continue.
26:06
[SPEAKER_01]: But also you got to realize, you know, there's trades that go on and, you know, this has been, this price action's been having a lot of momentum recently.
26:15
[SPEAKER_00]: Yeah.
26:16
[SPEAKER_00]: It has, I mean, everyone's talking about it.
26:18
[SPEAKER_00]: Even JP Morgan over here, given it a little bit of credit.
26:23
[SPEAKER_00]: But they're coming for everyone's lunch, man.
26:25
[SPEAKER_00]: Again, we like them, you know, full disclosure.
26:26
[SPEAKER_00]: I have exposure to this.
26:28
[SPEAKER_00]: Yeah.
26:30
[SPEAKER_00]: But yeah, I mean, you know why, right?
26:32
[SPEAKER_00]: I mean, we're going over all the reasons why
26:34
[SPEAKER_00]: I do have exposure.
26:36
[SPEAKER_01]: So yeah, and then another one that's had the hype, the press recently, is Tao.
26:44
[SPEAKER_01]: So Tao, I've seen in the last two weeks, has been getting a ton of,
26:51
[SPEAKER_01]: I don't know if press is the right word, but it's just getting mentioned in the circles of very well-respected people in tech.
26:58
[SPEAKER_01]: You have Jason from the All-Inpodcast.
27:00
[SPEAKER_01]: I'll play that one next, and then this is Jensen Wong, the CEO of Nvidia, Nvidia had a big conference last week, and somehow Tao came into the chat between Chemoth and Jensen Wong.
27:16
[SPEAKER_04]: Let me ask you a question about open source.
27:18
[SPEAKER_04]: So we have these closed source models, they're excellent.
27:21
[SPEAKER_04]: We have these open weight models, many of the Chinese models are incredible.
27:25
[SPEAKER_04]: Absolutely incredible.
27:27
[SPEAKER_04]: Two days ago, you may not have seen this because you were busy on stage, but there was a training run that happened in this crypto project called BitTensor.
27:35
[SPEAKER_04]: Subnet 3, a managed to train a 4 billion parameter Lama model, totally distributed with a bunch of people contributing,
27:43
[SPEAKER_04]: access compute, but they were able to do it statefully in manager training run, which I thought was like a pretty crazy technical accomplishment.
27:51
[SPEAKER_04]: Yeah, because there's like random people and person gets to live here.
27:55
[SPEAKER_04]: Our modern version of folding on hold.
27:57
[SPEAKER_04]: Exactly.
27:58
[SPEAKER_04]: What do you think about the end state of open source?
28:01
[SPEAKER_04]: Do you see this decentralization of architecture as well and decentralization of compute, support, open weights, and a totally open source approach to making sure AI is broadly available.
28:14
[SPEAKER_05]: I believe we fundamentally need.
28:17
[SPEAKER_05]: models as a first class product, proprietary product, as well as models as open source.
28:24
[SPEAKER_05]: These two things are not A or B, it's A and B.
28:28
[SPEAKER_05]: There's no question about it.
28:29
[SPEAKER_05]: And the
28:30
[SPEAKER_01]: So that's one.
28:31
[SPEAKER_01]: You get them talking about it, um, you know, obviously Jamoth, uh, you know, huge in the All-In-Podcast and then his co-host to that is Jason, uh, Kala, Kala, Kanna, Kanna, Kanna, Kanna, Kanna, I believe I don't want to hopefully I'm not buttoring that.
28:45
[SPEAKER_01]: But he's, you know, so they've been talking about it on the All-In-Podcast, which I believe is one of the, if not the biggest business podcast, um, obviously tech-focused.
28:53
[SPEAKER_01]: Uh, and Jason's, you know, throwing out, uh, like said, Holy
28:59
[SPEAKER_03]: There's something there that could compound to, you know, a 500 billion dollar market capital, you know, town, which would be roughly, you know, if it's trading at two or three billions, put at 2.5 billion, that's a 200 x from here.
29:17
[SPEAKER_03]: That's my base case.
29:20
[SPEAKER_03]: Is I think we could be sitting here in town in five to 10 years could go 200 x.
29:25
[SPEAKER_03]: Now, you'll say like, well, how does Jake, I'll even come up with that number?
29:29
[SPEAKER_03]: Just historically, I've seen things of value when I see on, there's something there.
29:33
[SPEAKER_01]: I like that, Jake Cal, that's what I'm going to call for now.
29:35
[SPEAKER_01]: So, Jake Cal, you know, giving out a wild-based case there, a lot of hope, you've got to do your own research on that one.
29:41
[SPEAKER_01]: That's quite the call.
29:43
[SPEAKER_01]: And obviously, they have exposure, both of them, and then we're pumping some bags there.
29:48
[SPEAKER_01]: But,
29:48
[SPEAKER_01]: If you want to pull up the chart real quick, right and pull up towel, it's just it's had relative strength.
29:53
[SPEAKER_01]: And obviously there's been some success in some training models.
29:57
[SPEAKER_01]: And then again, if you're getting mentioned in interviews with the all-in guys and on the desk with Jensen Wong, the godfather of A.I., some people call him, you know, you're going to get some price action there.
30:11
[SPEAKER_00]: Yeah, I mean, it's up 121% in the last 41 days.
30:15
[SPEAKER_00]: It's hitting new multi-month highs as we speak here today.
30:20
[SPEAKER_00]: Today it's reaching its highest point that we've seen since November of last year.
30:24
[SPEAKER_00]: And once again, kind of like we said earlier, I mean, this thing's pushing above the 200-day moving average, where everything else is falling, but neither it's 200-day moving average, trading...
30:33
[SPEAKER_00]: around the lows, talent, hyper-liquid here doing a bit of the opposite and pushing higher to the upside.
30:41
[SPEAKER_00]: So I think that what this shows us is that real, true, good products, good services, good projects that are serving their purpose well, doing good at it, gaining users, gaining attraction,
30:58
[SPEAKER_00]: they are succeeding.
31:00
[SPEAKER_00]: You know, you've seen that here with Hyperliquid.
31:04
[SPEAKER_00]: You've seen it here with towel recently.
31:06
[SPEAKER_00]: You've seen it fairly recently.
31:08
[SPEAKER_00]: I would say even with Sky and a handful of other projects.
31:11
[SPEAKER_00]: You saw it earlier this year with Canton.
31:14
[SPEAKER_00]: And they're succeeding, well, and I think that there's a bit of an extra emphasis placed on this.
31:19
[SPEAKER_00]: I mean, the charts ripping, I think now what you want to see is, you know, now that we've broken that change of day moving average, you've broken these prior highs, I think most people would look at towel, and they would want to see this thing probably get a little bit closer to, you know, maybe back toward that.
31:36
[SPEAKER_00]: like 450, $500 level because that's something that I've been watching in the past and I have my own little chart on this guy over and here.
31:46
[SPEAKER_00]: But yeah, you know, I'd love to see this be able to retest a little bit higher towards some of the next level of prior highs, which would be 450, 450 or close to 500 bucks.
31:55
[SPEAKER_00]: I think that's the next major upside target.
31:58
[SPEAKER_00]: But
31:59
[SPEAKER_00]: You know, a lot of this is driven off the fundamentals alongside the technicals following what's happening.
32:04
[SPEAKER_01]: I love it.
32:05
[SPEAKER_01]: I know it's something that you cover a lot in your course of watching these charts and getting your own little custom widgets there, if you will.
32:12
[SPEAKER_01]: So if you're interested in that, check out the link for Brendan's trading course.
32:16
[SPEAKER_01]: We're going to do more TA on Friday and the live.
32:19
[SPEAKER_01]: I'll give you guys the time for that and we got a
32:21
[SPEAKER_01]: We got Columbus Ohio a son from Columbus Ohio and the chat many others we really appreciate by listening if you give a thumbs up If you're here that would really help push the video and if you're new on the bottom right hit the logo and some Strive we're gonna move on we got some more news some quick hitters and another video to play so let's continue on with the rundown I saw we've been talking and tracking the Ethereum
32:42
[SPEAKER_01]: Staking ETF, Black Rocks, Staking ETF as pulled in its first week, it did $254 million in assets under management, so that's awesome, you know, adding another 146, it's top the 100 million seed capital, so I think that's going to be really interesting, flows to continue to track, because honest, everybody
33:02
[SPEAKER_01]: in that is, in my opinion, looking for that long term, a whole collecting that staking dividend, and also kind of seeing that Ethereum and Bitcoin have been on a little bit of, you know, retraction, especially in this year, there's some long term conviction going into that fund is my guess.
33:21
[SPEAKER_01]: And some of them will keep tracking for you.
33:23
[SPEAKER_01]: Another big news flow last week was the SEC and CFTC issued guidance saying hey, most crypto assets are not securities and this is huge momentum For you know, basically getting some legislation done so I'm going to let you hear it from the the person himself SEC chair Paul Atkins.
33:43
[SPEAKER_01]: We have a clip here about a minute long.
33:45
[SPEAKER_01]: So let's take a listen
33:46
[SPEAKER_02]: what we have done is stood out all sorts of examples in this particular interprepated book release and setting up a process and a framework by which people and have certain TV or lawyers can give them an opinion they can come in and talk to us about things if they are unclear and unlike in the past they won't then do home after they've talked to us to be and find us a peanut on their grocery for something like that.
34:12
[SPEAKER_02]: So we're setting up a framework, this is just the interpretation, and so courts can deviate from that, of course, if they don't like our rationale, but what we're also going to follow up with here shortly is a proposed rule that will put a lot of this into effect and be much
34:37
[SPEAKER_02]: people do experimentation to see if they can develop a proof of concept, but then go forward with what your product might.
34:46
[SPEAKER_01]: So again, nothing has been passed, but they're creating these legal frameworks to then pass it through Congress.
34:51
[SPEAKER_01]: And this is the momentum that at least the crypto people are looking for, right?
34:55
[SPEAKER_01]: We want, I mean, there's obviously their different differential opinions of what exactly people want.
35:01
[SPEAKER_01]: But this is the stuff that we're looking for communication towards Congress towards Senate to start passing these bills.
35:07
[SPEAKER_01]: And again, this is the type of stuff that's going to help set up the Clarity Act.
35:11
[SPEAKER_01]: You see the Clarity Act at 67% today.
35:14
[SPEAKER_01]: It was me and you live one day, a couple months ago, where we went all the way down to 20.
35:19
[SPEAKER_01]: 20% live on air.
35:20
[SPEAKER_01]: And we said, probably, you know, again, not personal financial advice, but wouldn't be a good bet.
35:25
[SPEAKER_01]: if you want to take that at 20 on here we see it at 67% not that long later because last week there was more news coming out specifically around the clarity acts you can see Paul Atkins working on that type of framework there's leaks leaks coming out of the White House saying hey we're getting you know people on board for the clarity act to get past
35:44
[SPEAKER_01]: Again, what did you see out of that there's this no yield on stable coin balances that kind of came out and again, like you mentioned earlier in the show circle took quite a little nose dive on that because that could directly affect their business and I think there's going to be people in the in the crypto industry for both it's like, hey, this isn't what they want it is what they want, but it's part of the process of getting this clarity act pass and we've always set on the show.
36:07
[SPEAKER_01]: You know, we guess we want it to get passed in theory, but you know, these bills pass you really got a parse through the details to see what really gets passed.
36:15
[SPEAKER_01]: So what do you are reading the tea leaves Brendan with this clarity.
36:19
[SPEAKER_00]: You know, there's gonna be given take.
36:21
[SPEAKER_00]: That was another thing we mentioned is that there's likely going to have to be given take.
36:25
[SPEAKER_00]: Now, prior to this point, it's mainly been the bank saying, we want all the take.
36:31
[SPEAKER_00]: The crypto companies are gonna be doing all the giving.
36:34
[SPEAKER_00]: That started to shift, which is the good news.
36:37
[SPEAKER_00]: However, it looks like that is going to be one of the gives and takes.
36:41
[SPEAKER_00]: Is the way that stablecoin and yields are generated.
36:45
[SPEAKER_00]: So it doesn't surprise me too much.
36:47
[SPEAKER_00]: I know people are looking at that and it's a bit of a bummer.
36:50
[SPEAKER_00]: I'm circle coming off of a crazy good earnings call.
36:54
[SPEAKER_00]: Just, you know, what was it a few weeks ago?
36:57
[SPEAKER_00]: And seeing a lot of promise.
37:01
[SPEAKER_00]: I don't think all of that goes away.
37:03
[SPEAKER_00]: But again, there's going to be given takes when it comes to this thing passing.
37:08
[SPEAKER_00]: I would imagine that there's going to be more headlines, you know, cryptos going to have a lot of wins that comes out of this.
37:14
[SPEAKER_00]: But there's going to be a few things where the banks are going to say, hey, well, we're going to give you this, but we want a few things in exchange or vice versa.
37:24
[SPEAKER_00]: And that's just how it's going to be.
37:26
[SPEAKER_00]: So I think that, you know, obviously, that's probably the first big headline in regards to that.
37:30
[SPEAKER_00]: But I could see a few more coming down the line here, especially as this gets closer.
37:34
[SPEAKER_01]: Couldn't agree more.
37:35
[SPEAKER_01]: That's where we are.
37:36
[SPEAKER_01]: It's just to information gathering exercise, whenever, you know, whether it's a leak or an interview.
37:42
[SPEAKER_01]: It's kind of, you know, just kind of gathering the information as it comes, and obviously, you know, us in the space, we're going to try and digest it for everybody and educate.
37:52
[SPEAKER_01]: That's what we do.
37:54
[SPEAKER_01]: But we're not in these rooms, making these conversations and making the rules so it's hard for us to really know where this is
38:02
[SPEAKER_01]: we know that at least we would guess that the administration really wants to get some legislation passed before the midterms because I and again, I always say this, I really think it's a funny little joke, because I took one political science class in college, so call me a political expert, Brendan, but this this this award is not probably good for the administration long term and when you have midterms coming up in the fall in November, it's like hey,
38:31
[SPEAKER_01]: into the, you know, the agenda of what you guys are trying to accomplish, because again, not Democrat, not a Republican take, but, you know, $5 gallon of gas is not something that most people want going into the summer trying to plan their summer vacations.
38:45
[SPEAKER_01]: And we just, you know, we just want positive stuff.
38:48
[SPEAKER_01]: So they want to get this past, but again, you're, you're juggle in the big space.
38:51
[SPEAKER_01]: We've already covered how, you know, Jamie Diamond was,
38:54
[SPEAKER_01]: You know, maybe button heads with Brian, Brian Armstrong a little bit, but, you know, everybody wants their stay and we'll see where it lands.
39:01
[SPEAKER_01]: So a couple quick hitters before we wrap it up.
39:04
[SPEAKER_01]: I thought this was interesting.
39:05
[SPEAKER_01]: Polygon Franklin Templeton and Polygon when Franklin Templeton needed a blockchain to run the first U.S. registered government money fund.
39:15
[SPEAKER_01]: They chose Polygon Brendan.
39:17
[SPEAKER_00]: This was a strange surprise for me.
39:24
[SPEAKER_00]: has seen its fair share of fun, especially to founders and like bigger leadership figures becoming less involved in recent years, um, they're growth.
39:39
[SPEAKER_00]: Also, I think it's had a hard time keeping up.
39:42
[SPEAKER_00]: They've been one of the more harshly judged scaling solutions for,
39:49
[SPEAKER_00]: Ethereum, or alternative solutions, maybe we can call that for Ethereum, um, interesting.
39:55
[SPEAKER_00]: My thought process here is that, and it's funny, we actually speak to the Franklin Temple team.
40:02
[SPEAKER_00]: So maybe next time, TV, I was going to say that.
40:04
[SPEAKER_01]: We just did some episodes with, uh, Franklin Temple, and I don't remember them really bringing that up, which I
40:10
[SPEAKER_01]: was interesting.
40:11
[SPEAKER_00]: They didn't.
40:12
[SPEAKER_00]: They did not bring it up, which is peculiar.
40:14
[SPEAKER_01]: It's not his department.
40:15
[SPEAKER_01]: I don't want to throw his max, max, gocment.
40:18
[SPEAKER_01]: I believe he's more in the institutional management.
40:21
[SPEAKER_01]: Yeah, a great guy.
40:22
[SPEAKER_01]: So yeah, I don't want to be like, hey, maybe that's not his side of the business type of thing.
40:25
[SPEAKER_01]: But definitely interested in having somebody on firm Franklin tell what then to talk about that.
40:30
[SPEAKER_00]: Yeah, I was going to say, maybe we do my immediate thought process here.
40:34
[SPEAKER_00]: is maybe it's not like they're only choosing polygona.
40:37
[SPEAKER_00]: I think the issue with this article is obviously it's from Polygon, so they're gonna make it sound as good and exclusive as possible, right?
40:45
[SPEAKER_00]: It's biased, it's from Polygon.
40:47
[SPEAKER_00]: I thought process is if we talk to Franklin Tim, Franklin Templeton, is it going to be,
40:53
[SPEAKER_00]: Exactly the way that it's being phrase to us and pitch to us from polygon or is it going to be more universal in nature where Franklin's going to be like, oh, yeah, you know, we're talking and doing things with polygon, we're doing it with bays, we're doing it with a theory of main chain, we're doing it with salana, that's very much like what it could be and they are just one of the groups that they're working with.
41:12
[SPEAKER_00]: So just because and I think it's important to understand the wording in this it said, hey, they needed this to be done.
41:19
[SPEAKER_00]: They chose Polygon.
41:21
[SPEAKER_00]: That doesn't mean that they couldn't have also chosen base, the theory of mainnet.
41:27
[SPEAKER_00]: Salana doesn't mean that they could have not chosen everything else.
41:31
[SPEAKER_00]: It's just saying, hey, they chose this.
41:32
[SPEAKER_00]: So it's not an exclusivity.
41:34
[SPEAKER_00]: The word exclusive is not mentioned in there.
41:36
[SPEAKER_00]: And I would say we really have to pay attention to the wording of that.
41:39
[SPEAKER_00]: So that's immediately where my brain goes.
41:42
[SPEAKER_00]: Maybe it's different.
41:43
[SPEAKER_00]: Again, I think we can reach out to their team.
41:44
[SPEAKER_00]: Maybe get someone from Prangle and Temple,
41:47
[SPEAKER_00]: And talk more about this, but that does strike me as Interesting, again, we know that they love crypto.
41:55
[SPEAKER_00]: Franklin, Templeton, crypto fans.
41:58
[SPEAKER_00]: They want to support the industry.
41:59
[SPEAKER_00]: They have ETFs.
42:00
[SPEAKER_00]: We love what they're doing.
42:01
[SPEAKER_00]: We love their team had a lot of great conversations with them
42:06
[SPEAKER_00]: But we're going to have to find out some more information on this.
42:08
[SPEAKER_01]: Absolutely.
42:09
[SPEAKER_01]: When something will track and try to get maybe some interviews around a final thing that we excuse me, do have more information on is the card.
42:16
[SPEAKER_01]: We were talking about how MasterCard had all those partners that are rolling out.
42:20
[SPEAKER_01]: We showed the video of the MasterCard crypto credit card buying pizza and we were watching it.
42:25
[SPEAKER_01]: That looks like a MetaMask card.
42:27
[SPEAKER_01]: It wasn't a digital announcement tied to the video, but there was last week.
42:32
[SPEAKER_01]: So super cool, cool looking card there.
42:34
[SPEAKER_01]: If you're a MetaMask fan, for sure.
42:36
[SPEAKER_01]: And I guess this is all US users, including New York, can now use the base with MetaMask card.
42:43
[SPEAKER_01]: So really interesting stuff.
42:45
[SPEAKER_01]: Are you excited for it, Brennan?
42:46
[SPEAKER_01]: Tell me what you might look into.
42:49
[SPEAKER_00]: I am, I think the, it's hard, the credit card game is in the whole card game, credit or debit.
42:55
[SPEAKER_00]: It is hard to compete then.
42:57
[SPEAKER_00]: I think you really have to be a crypto native to want to use this.
43:04
[SPEAKER_00]: However, there's a time in a place, right Robin who just came out with their card, everyone's coming out with the card these days.
43:10
[SPEAKER_00]: I think the benefit of having a card like this is that if you can have tether in USDC and other cryptocurrencies, and I can go to the store, hit my card, swipe it, and pay for groceries or gas or clothes.
43:28
[SPEAKER_00]: And I can pay for all of this using my crypto currency wallet via this card, massive.
43:35
[SPEAKER_00]: What it does is it allows people to avoid a huge process of sending their crypto from their wallet to their exchange, selling it on the exchange, then sending that money from the exchange back to their bank account, then with that bank account money they use their credit card or their debit card, and then they pay for it.
43:52
[SPEAKER_00]: This removes
43:53
[SPEAKER_00]: so many different processes before that.
43:56
[SPEAKER_00]: And it's saying, no, you can just pay directly with your wallet.
44:00
[SPEAKER_00]: And that I think has always been one of the primary objectives of crypto is saying, hey, you can pay for anything natively, simply, seamlessly.
44:09
[SPEAKER_00]: And that's the kind of product,
44:12
[SPEAKER_00]: that's the kind of solution that this solves, which I think is you.
44:15
[SPEAKER_00]: So that in and of itself is massive for a lot of people.
44:19
[SPEAKER_00]: The other thing I would say is that if you're strictly looking at a credit card, you
44:25
[SPEAKER_00]: I don't know if this is gonna beat a lot of the cards out there.
44:28
[SPEAKER_00]: You look at a lot of like, if you're a decent spender, you know, you look at like the Chase cards or the American Express cards, they're probably better solutions.
44:36
[SPEAKER_00]: But if you're in that niche that I was just talking about where you have all this crypto in a wallet, I think it makes sense as having it as an option and it certainly saves you a lot of issues.
44:46
[SPEAKER_01]: And I think part of again, I don't know if this is specifically in Paul Ackon sandbox that he called it, but it's like we need the full regulation of when you're if you're using your crypto to pay is it attacksable then you know what what does this look like because you're going to get in my opinion.
45:03
[SPEAKER_01]: You might get more, a lot more people using it as, you know, if you can spend a little bit of Bitcoin or Solana or Ethereum or whatever, and it's not a true taxable income, you're going to get more people to do that, and then, you know, you could just buy some back, you know, if you use it, you buy it back, but if it's going to be flagged as a taxable income, you're more likely not to use that right, because then you're just adding some expenses on top of that and just making it more confusing.
45:29
[SPEAKER_01]: So just something that I think is, again, part of what we're looking for in the clarity of everything in this industry that's all moving so fast, but any, any final thoughts on MetaMask or anything before we wrap up running?
45:43
[SPEAKER_00]: No, you know, nothing else in regards to meta-mask, I just think that what we're seeing here is a lot of news flow and a lot of choppy price action.
45:52
[SPEAKER_00]: I think that now, more so than maybe not ever before, but for the great now, more so than in a really long time,
46:01
[SPEAKER_00]: We're seeing news and headlines affect the markets more than they have in recent history.
46:07
[SPEAKER_00]: The market itself is very emotional right now.
46:10
[SPEAKER_00]: It's very news driven.
46:12
[SPEAKER_00]: And because of that, a lot of these catalysts are pushing prices around and a really volatile choppy way.
46:19
[SPEAKER_00]: So I would just say, you know, until everything really starts to get settled, we talked about like four or five of the main catalyst at the very start of this episode, until those catalysts start to see solutions on the horizon, I would imagine that things stay somewhat choppy and maybe somewhat ugly until we get some of those solutions on the horizon and once we do, I think we we jet packed back to the upside, we saw this, uh,
46:46
[SPEAKER_00]: just the other day when it was yesterday, I think at the time of recording this where President Trump came out and said, oh, hey, you know, we're going to be wrapping down things and everything went like parabolic to the upside oil tank 10% S&P and NASDAQ sword to the upside Bitcoin, Ethereum and crypto sword to the upside it shows you whenever there is going to be an ending insight.
47:12
[SPEAKER_00]: We know what the market wants to do.
47:14
[SPEAKER_00]: We sold a huge upwards reaction.
47:17
[SPEAKER_00]: So it's just a matter of time and waiting until we get some of those assurances.
47:20
[SPEAKER_00]: And until then, again, I think we stay pretty choppy and buckle up because it's going to be bumpy.
47:26
[SPEAKER_01]: Yeah, great point on that tweet.
47:28
[SPEAKER_01]: It was a Monday morning, you know, totally reversed the futures.
47:30
[SPEAKER_01]: I think it was like a three percent swing on the S&P just from that tweet.
47:35
[SPEAKER_01]: So again, it's very similar to things that we've seen before.
47:38
[SPEAKER_01]: But I think it's important to note, I thought about putting them on the sheet and I didn't because it is part of the of
47:45
[SPEAKER_01]: you know, the macro environment where we are, but you can't necessarily, you can trade for that if you want, but anybody who says they know exactly when that's going to happen or I'm sure that are inside a trading, that's just how it is, you know, but you know, some average person that says they know when it's this macro driven, yeah, isn't true, but there's there's green shoots and there's places to be long term that when this does resolve,
48:10
[SPEAKER_01]: Yeah, we truly do believe we're going higher.
48:13
[SPEAKER_01]: But nothing we say can be personal, financial advice.
48:15
[SPEAKER_01]: We just call the friends talking crypto, but we believe and we can find some green shoots even in all the volatility.
48:23
[SPEAKER_01]: That's what this show is about.
48:24
[SPEAKER_01]: Education, finding opportunity, and having some fun.
48:26
[SPEAKER_01]: We really appreciate everybody joining us today on our Tuesday show.
48:31
[SPEAKER_01]: We'll be back.
48:32
[SPEAKER_01]: I think we're gonna push this to the community Friday.
48:34
[SPEAKER_01]: Might have an extra special guest, so I'll put the time out when we know in the community.
48:38
[SPEAKER_01]: Definitely something you might want to put in your calendars and join us for.
48:41
[SPEAKER_01]: We'll close out the week on a high note.
48:43
[SPEAKER_01]: But thank you everybody for joining us and we'll talk to you soon.
48:45
[SPEAKER_01]: Bye bye everybody.