Latest / CRYPTO 101 / Crypto Rundown: Major Levels On BTC, ETH, SOL, Nvidia Earnings & Crypto News!

Transcript

Crypto Rundown: Major Levels On BTC, ETH, SOL, Nvidia Earnings & Crypto News! · CRYPTO 101

0:09
[SPEAKER_00]: All right, everyone.
0:10
[SPEAKER_00]: Welcome back to the crypto run down where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology from the fundamentals and the news to the technicals on the charts.
0:22
[SPEAKER_00]: We spend the time doing hours of research so that you all don't have to and we bring it to you.
0:28
[SPEAKER_00]: in all under an hour completely for free and welcome back.
0:32
[SPEAKER_00]: It is August, twenty-eighth, twenty-five.
0:35
[SPEAKER_00]: We are bringing this month to a close and I'll tell you what.
0:39
[SPEAKER_00]: The crypto market is bringing the fire today.
0:41
[SPEAKER_00]: Bitcoin up one and a half percent pushing to a hundred and thirteen k.
0:45
[SPEAKER_00]: Ethereum up one and a half percent pushing back to forty six hundred salana absolutely a trailblazer pushing up to two hundred and fifteen bucks up five and a half percent and there's a lot to talk about so we're going to open up with the charts here we're going to see what's happening with this recent rally to the price or recent rally on the the price side
1:05
[SPEAKER_00]: But the fundamental news today is going to be out the door.
1:08
[SPEAKER_00]: There are so many different catalysts that we have to talk about.
1:12
[SPEAKER_00]: And I think everyone's going to find this probably one of the more interesting episodes that we've done in a couple of weeks.
1:19
[SPEAKER_00]: Not saying a lot because we've had some really, really interesting episodes.
1:23
[SPEAKER_00]: But there's just a lot of alpha that I think that you're going to be able to pick up from this.
1:27
[SPEAKER_00]: So real quick, before I begin here, let's just touch on a couple of these topics so that you all know what you're getting in yourself into over the course of the next hour.
1:35
[SPEAKER_00]: It also gives everyone a moment to join in on the live chat.
1:39
[SPEAKER_00]: So if you've ever wanted to catch these live, head over to our YouTube channel.
1:43
[SPEAKER_00]: It's where we share all of our screen shares, charts, news articles, data points.
1:48
[SPEAKER_00]: We put it all on the screen over there.
1:50
[SPEAKER_00]: We have lots of other great free content that you can get plugged into at the crypto one-on-one podcast on YouTube.
1:56
[SPEAKER_00]: So let's talk about these at a high level table.
1:58
[SPEAKER_00]: I mean, we have the M-two money supply coming back in a question.
2:03
[SPEAKER_00]: I saw people tweeting about how there's zero out of the thirty market cycle top indicators.
2:08
[SPEAKER_00]: And again, none of those have fired yet.
2:10
[SPEAKER_00]: We're saying we're zero for thirty for topping indicators.
2:13
[SPEAKER_00]: Solana continues to be the narrative at the moment.
2:17
[SPEAKER_00]: ETH is right behind it, a little bit of a flip there because ETH has been at the top of everyone's list.
2:22
[SPEAKER_00]: Now we're starting to see Solana come back in, institutional players are becoming increasingly more interested in it.
2:29
[SPEAKER_00]: And there's even some shots fired at Ethereum, Tom Lee.
2:33
[SPEAKER_00]: And it's not just them.
2:34
[SPEAKER_00]: I would say it's most altcoin holders.
2:37
[SPEAKER_00]: We're going to roll that clip, talk about it a little bit more.
2:40
[SPEAKER_00]: But the odds of Ethereum breaking out the new all-time highs on Polymarket are just astoundingly high.
2:46
[SPEAKER_00]: They are just really, really high.
2:49
[SPEAKER_00]: We want to show everyone the numbers there.
2:51
[SPEAKER_00]: Talk about that.
2:52
[SPEAKER_00]: There's new ETFs coming out.
2:54
[SPEAKER_00]: There's new forms of adoption.
2:55
[SPEAKER_00]: The United States is getting in on the action.
2:58
[SPEAKER_00]: We have a hyper liquid just blowing off the top, shattering records on the back end.
3:04
[SPEAKER_00]: Certainly shattering records on the front end when we're looking at just its overall price performance.
3:09
[SPEAKER_00]: And of course, we just had NVIDIA earnings and a special little surprise after that.
3:13
[SPEAKER_00]: So in action packed episode, Tvo, I hope you've buckled the seat belt.
3:18
[SPEAKER_00]: In fact, I hope we have like one of those rocket ship seat belts on where it like crosses over both sides of you locks you in the place because it's going to be an electric episode.
3:29
[SPEAKER_02]: Yeah, I couldn't agree more.
3:30
[SPEAKER_02]: Super happy to be here with you.
3:31
[SPEAKER_02]: Super happy to be on the rundown in super.
3:35
[SPEAKER_02]: Dooper happy that I know it's not crypto related, but football is back.
3:39
[SPEAKER_02]: It's a huge weekend.
3:41
[SPEAKER_02]: I'm ready on college.
3:42
[SPEAKER_02]: Yeah, college football's back NFL football.
3:45
[SPEAKER_02]: We back next Saturday.
3:46
[SPEAKER_02]: I mean, we're talking about
3:48
[SPEAKER_02]: just absolute nonstop action as we eye up October and go into the fall we've got football we've got gambling we've got crypto we've got you know hopefully some new all-time highs in the future as we end and we head into Q four the excitement is literally next level for me I was at you mentioned it pre-show with me
4:08
[SPEAKER_02]: where was I, you saw this cool sports bar.
4:10
[SPEAKER_02]: I was like, dude, it's this new spot, in the late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late late
4:36
[SPEAKER_00]: I have one question.
4:37
[SPEAKER_00]: I mean, I love football.
4:40
[SPEAKER_00]: Can I also watch crypto in there?
4:42
[SPEAKER_00]: That's the real question.
4:43
[SPEAKER_00]: I saw you shooting deer, you're watching sports, eating good food.
4:47
[SPEAKER_00]: Can I have a chart up in there?
4:50
[SPEAKER_02]: You know what, maybe maybe I could.
4:52
[SPEAKER_02]: I know the owner.
4:53
[SPEAKER_02]: He's a friend.
4:54
[SPEAKER_02]: He's a friend.
4:55
[SPEAKER_02]: He's an absolute visionary.
4:56
[SPEAKER_02]: I'll tell you that.
4:57
[SPEAKER_02]: This guy chases an absolute visionary.
4:59
[SPEAKER_02]: I'm going to ask him maybe maybe like a Friday, happy hour if there's some all-time highs.
5:03
[SPEAKER_02]: Maybe we could get the rundown streamed into ninety three.
5:07
[SPEAKER_02]: Just hey never say never never say never with the crypto run now never say never with Tvo but like that that spot I was there last night was unbelievable got me fired up for some football fired up to come on the podcast today and get everybody going the chat starting to get active here the viewers are piling in we've gotten awesome episode let's dive into it
5:26
[SPEAKER_00]: Yeah, let's dive into it, man.
5:27
[SPEAKER_00]: Well, let's just talk about these highs because we've been in a little bit of, I don't know, this weird state.
5:33
[SPEAKER_00]: We've been up them or down.
5:34
[SPEAKER_00]: We're up them or down in it.
5:35
[SPEAKER_00]: It feels a bit like a roller coaster.
5:37
[SPEAKER_00]: And I think most people were starting to get a little bit of whiplash from some of the price action.
5:43
[SPEAKER_00]: So if we just pull up the charts here and we take a quick look at what is happening.
5:47
[SPEAKER_00]: Well, we can see that, you know, everything's starting to recover a little bit here on the screen.
5:52
[SPEAKER_00]: So Bitcoin, again, having some of this whip lash, it feels like a roller coaster.
5:56
[SPEAKER_00]: We went up and then down and then up and then down and now we're going back up.
6:01
[SPEAKER_00]: And so all eyes are kind of back in this area specifically for Bitcoin because what we have here is we're pushing up.
6:08
[SPEAKER_00]: You know, this used to be a high turned into a low right here and right here.
6:12
[SPEAKER_00]: Now we're pushing back up into this area and people are curious.
6:15
[SPEAKER_00]: You know,
6:16
[SPEAKER_00]: Is this going to be a resistance zone again since it used to be support?
6:20
[SPEAKER_00]: And so we're watching this pretty closely, so far that does not look to be the case.
6:25
[SPEAKER_00]: That goings being pretty aggressive around thirteen k. It's a good sign.
6:29
[SPEAKER_00]: We have some of the key moving averages, just a little bit higher toward sixteen to seventeen k. It's going to be another pretty important zone to keep an eye out on.
6:38
[SPEAKER_00]: Beyond that, Teevo, I mean, the big level's a hundred and twenty three hundred and twenty four, basically the all-time highs.
6:44
[SPEAKER_00]: So, you know, give, I'm going to give everyone those three key levels, keep an eye out on, rate is, we kind of push towards the previous lows, the twenty and fifty-day moving average around sixteen to seventeen k, and then you have the all-time highs up here a little bit higher.
6:58
[SPEAKER_00]: So three little targets for the short to medium turn,
7:02
[SPEAKER_00]: You know, if we do start to reject it, we want to come a little bit farther down.
7:06
[SPEAKER_00]: At this point, you know, I would say it's probably the less likely scenario, but it's not something I'd completely roll out.
7:12
[SPEAKER_00]: You know, in previous months, I've been like hyper bullish, you know, kind of just a permabola approach.
7:18
[SPEAKER_00]: I'm easing off a little bit here.
7:20
[SPEAKER_00]: Again, I do think we resolve to the upside.
7:22
[SPEAKER_00]: I think the mid to long term is like we hit new all-time highs.
7:26
[SPEAKER_00]: In the short term, there's clearly a lot of choppy price action.
7:30
[SPEAKER_00]: And we always get this every August, every September.
7:33
[SPEAKER_00]: We get this choppy kind of bleeding effect to the downside.
7:36
[SPEAKER_00]: We get some nasty moves.
7:37
[SPEAKER_00]: It happens.
7:38
[SPEAKER_00]: It's just part of it.
7:38
[SPEAKER_00]: It's not the end of the world.
7:40
[SPEAKER_00]: I think we come out of this when we see a lot more upside afterwards.
7:43
[SPEAKER_00]: But I want to completely rule out this idea and say it's impossible for us to kind of test the lows, break a hundred and ten again.
7:50
[SPEAKER_00]: You know, it's certainly something that's still in the books.
7:52
[SPEAKER_00]: You know, and I say that because I'm not emptying out all of my dry powder here.
7:56
[SPEAKER_00]: I'm not going all in getting max leverage up on this stuff at the current prices.
8:02
[SPEAKER_00]: Cause there is just a little bit of risk that's still floating around out there.
8:06
[SPEAKER_00]: With that kind of risk, you know, I love the DCA.
8:08
[SPEAKER_00]: You know, I love to add on the dips.
8:10
[SPEAKER_00]: And so that's really the way that I'm looking at playing this.
8:13
[SPEAKER_00]: Ethereum's kind of in a similar boat.
8:15
[SPEAKER_00]: It's actually holding value better than Bitcoin.
8:18
[SPEAKER_00]: We saw Bitcoin was breaking to lower highs lower lows.
8:21
[SPEAKER_00]: Ethereum's still on a trend of higher highs higher lows.
8:25
[SPEAKER_00]: So it's kind of outperforming Bitcoin as we've seen Bitcoin dominance drop.
8:29
[SPEAKER_00]: But we've seen Ethereum kind of super glued to this twenty-day moving average ever since the breakout back here.
8:34
[SPEAKER_00]: We saw a breakout, bounce off the twenty breakout, brief break below it, but kind of bounce off this area.
8:40
[SPEAKER_00]: Come back, bounce off this area, come back, and that's where we're glued to right now is that twenty-day moving average.
8:46
[SPEAKER_00]: And we can see that Ethereum has this nice little trend line here of higher lows, higher lows, higher lows, and we want to see that theme continue.
8:55
[SPEAKER_00]: So as we have Ethereum right around this area, we want to see it hold the twenty-day moving average, hold these higher lows, and build pressure into this flat level of resistance around forty-eight to forty-nine hundred.
9:07
[SPEAKER_00]: And if we can do that, and if we can keep this theme up of like an ascending triangle like move, I think that we really do push pressure into the ceiling, squeeze it up there, and we have the likelihood of Ethereum breaking out.
9:19
[SPEAKER_00]: Now, if we start to roll over, Ethereum does have support as it comes back to around four K. We know that that's been a big support area, so it's not the end of the world if we do roll over a little bit.
9:29
[SPEAKER_00]: But Ethereum is looking hotter than Bitcoin.
9:32
[SPEAKER_00]: And one of the last altcoins that I want to talk about here.
9:35
[SPEAKER_00]: is, or one of the last cryptos, is hyperliquid.
9:37
[SPEAKER_00]: Because, or excuse me, I'll hyperliquid.
9:40
[SPEAKER_00]: Getting ahead of myself.
9:41
[SPEAKER_00]: Salana.
9:42
[SPEAKER_00]: Salana over here, doing fantastic.
9:45
[SPEAKER_00]: And, you know, this is one for the, the crimnation members.
9:49
[SPEAKER_00]: Shout out to all the crimnation members.
9:51
[SPEAKER_00]: If you are one, you would know that we wrote about this in the Sunday, or excuse me, in the start of the week newsletter around Monday, Tuesday.
9:58
[SPEAKER_00]: And we talked about this ascending triangle that had on the charts.
10:03
[SPEAKER_00]: And so far, you know, Solana's been outperforming both Bitcoin and Ethereum here this week.
10:08
[SPEAKER_00]: We've had this again, nice little awesome in triangle, where we've seen higher lows into a flat level of resistance, pressure of building towards the top end.
10:17
[SPEAKER_00]: And it looks like Solana's popping out.
10:19
[SPEAKER_00]: And the cool thing here is that there's some minor levels of resistance in between here and two, sixty one.
10:26
[SPEAKER_00]: But there's not a ton.
10:27
[SPEAKER_00]: I would say the next major resistance level is around two hundred and sixty bucks.
10:32
[SPEAKER_00]: And so I think Solana's looking fantastic right around here.
10:36
[SPEAKER_00]: It's breaking out to the highest level that we've seen since early February.
10:41
[SPEAKER_00]: And it's a new swing high.
10:44
[SPEAKER_00]: And so Solana here on the week so far, I think it was up four and a half percent on Tuesday.
10:50
[SPEAKER_00]: It was up another three and a half percent on Wednesday.
10:52
[SPEAKER_00]: And today it's up about five and a half percent just over that.
10:55
[SPEAKER_00]: So Solana looking really strong lots of attention there.
10:59
[SPEAKER_00]: We also have some positive catalysts that we need to talk about on both Solana hyper liquid chain link a couple of these others.
11:08
[SPEAKER_00]: We have chain link again, trying to push up to the highs, trying to pull a salana like move.
11:13
[SPEAKER_00]: It's up around almost nine percent on the day.
11:16
[SPEAKER_00]: And then you have hyper liquid, which we're going to talk about earlier, hitting new all time highs, pushing up towards the ceiling.
11:22
[SPEAKER_00]: And it looks an awful lot like the salana chart.
11:24
[SPEAKER_00]: And this is, you know, all three of these are backed by some pretty big fundamental catalysts that we'll dive into as well.
11:31
[SPEAKER_02]: I mean, I was thinking, I was thinking, so I could get off in three curveballs, thinking pull up, just pull up and video.
11:37
[SPEAKER_02]: I know we put that at the back end of the show, but just throw up the chart and then we can break down, you know, kind of the conversation around Nvidia reported earnings.
11:45
[SPEAKER_02]: Again, not a crypto, even crypto related stock, but Nvidia is such a big part of the stock market as a whole, right?
11:53
[SPEAKER_02]: Like if you literally, if you have a four o one K, your biggest position at four o one K is probably in video by no choice your own.
12:00
[SPEAKER_02]: It's the market's decision, right?
12:01
[SPEAKER_02]: It's just that S&P five hundred market standard allocation.
12:05
[SPEAKER_02]: So this stock when it has earnings is a main event for the entire market as a whole.
12:12
[SPEAKER_02]: I saw that they beat.
12:14
[SPEAKER_02]: It was a full beat.
12:15
[SPEAKER_02]: It was a good guide.
12:16
[SPEAKER_02]: And as you can see there on the chart, not really doing much.
12:20
[SPEAKER_02]: Um, but kind of just an interesting topic, which is why we put it on the sheet is like, okay, you can make the con, you can make the, um, you can make the theory that Bitcoin has been leading the stock market by like a month.
12:31
[SPEAKER_02]: That's kind of a narrative that's been trending, right?
12:34
[SPEAKER_02]: And so Bitcoin broke out to the upside.
12:36
[SPEAKER_02]: We hit our new highs and then the stock market, the down, the S&P, the NASDAQ, the Dow.
12:41
[SPEAKER_02]: everything followed three to four weeks later.
12:43
[SPEAKER_02]: So now is Bitcoin's kind of cooled off a little bit and then this cooling pattern that you just saw Brendan on the charts kind of showed you.
12:49
[SPEAKER_02]: Like, hey, we're bouncing in this range.
12:51
[SPEAKER_02]: Again, we don't have the crystal ball.
12:53
[SPEAKER_02]: We have our tools.
12:54
[SPEAKER_02]: We have our research to try to help, you know, you guys on the run now and especially inside the community with our newsletters where you get the first word.
13:01
[SPEAKER_02]: But it's we're kind of in this space.
13:03
[SPEAKER_02]: We're like, okay, what's the next catalyst for a leg up?
13:06
[SPEAKER_02]: What's the next cast for a leg down?
13:08
[SPEAKER_02]: is Bitcoin going to show the hand of the stock market in video could definitely show the hand for kind of the major moving averages.
13:17
[SPEAKER_02]: So what are your thoughts on the Nvidia earnings?
13:20
[SPEAKER_02]: What did you see Brendan and what are you thinking?
13:23
[SPEAKER_00]: Yeah, you know, it was a big deal because they're the largest company in the world for and a half trillion dollars in terms of market cap, which is just insane.
13:34
[SPEAKER_00]: So we're talking several times something like even Bitcoin and bigger than the entire crypto market combined.
13:41
[SPEAKER_00]: And it was a big deal, right?
13:42
[SPEAKER_00]: People look at them as kind of the leader and tech.
13:44
[SPEAKER_00]: They are essentially like the infrastructure play for AI to happen for all these other
13:51
[SPEAKER_00]: key components of the market to even be possible.
13:55
[SPEAKER_00]: And I looked at their earnings and they essentially beat on everything, right?
13:57
[SPEAKER_00]: They haven't, they've, I think they've beaten like twenty something out of the last, or they've only missed like two out of the last, like twenty something earnings or something like that.
14:06
[SPEAKER_00]: And they continue to grow at this fantastic rate.
14:09
[SPEAKER_00]: I think that their year over your growth was at like fifty percent or something, which is crazy in recent years.
14:18
[SPEAKER_00]: The only two downsides that I saw here that I think made people a little bit nervous were the data center revenue and the flood and uncertainty in the air around whether they're going to be able to sell the China and I think that had people a little bit spooked.
14:34
[SPEAKER_00]: And the data center like wasn't even bad.
14:36
[SPEAKER_00]: I think it was just the fact that they had it's been such the talk of the town.
14:40
[SPEAKER_00]: Everyone was looking at it and they came in at fifty or forty one point.
14:46
[SPEAKER_00]: They came in at forty one point one billion.
14:48
[SPEAKER_00]: Their expectation was forty one point two.
14:51
[SPEAKER_00]: So they missed by point one there.
14:53
[SPEAKER_00]: And people freaked out.
14:54
[SPEAKER_00]: And again, I think that that's just completely blown out of proportion because it was just so hyped up.
14:59
[SPEAKER_00]: I don't really see an issue there.
15:01
[SPEAKER_00]: Then there's the China stuff which already looks like it's coming to a resolution.
15:05
[SPEAKER_00]: I don't know, I think just valuations were high and so people wanted a reason to pet the cell at off.
15:11
[SPEAKER_00]: And the reason that we talk about this is because again, Nvidia supports a lot of crypto mining.
15:15
[SPEAKER_00]: They support a lot of just like infrastructure in general.
15:19
[SPEAKER_00]: They're kind of the leader of the tech space over on the track by side.
15:22
[SPEAKER_00]: And there's a little bit of a correlation between the two when you look at like risk on tech assets or risk on tech equities and risk on
15:31
[SPEAKER_00]: You know, cryptos, which is pretty much every crypto.
15:35
[SPEAKER_00]: There's a little bit of correlation there.
15:37
[SPEAKER_00]: But again, I looked at it.
15:38
[SPEAKER_00]: And the report, I think was minus the China uncertainty or the China flood and the data center revenue, which was like basically on par.
15:50
[SPEAKER_00]: It was really a good report.
15:52
[SPEAKER_00]: So I think people just wanted a reason to be bearish at the top.
15:57
[SPEAKER_02]: Yeah, I couldn't agree more honestly.
15:59
[SPEAKER_02]: I think it's it's just one of those things and it makes sense.
16:02
[SPEAKER_02]: It kind of pairs along with the Bitcoin pricing.
16:04
[SPEAKER_02]: We're just kind of chugging along here and there's always you know the possibility for some wild catalysts to the upside.
16:12
[SPEAKER_02]: I think for Nvidia, there's a lot of thought and debate around China and are we allowed to ship the top chips?
16:19
[SPEAKER_02]: I believe they're called the black well chips.
16:20
[SPEAKER_02]: Can we ship those to China?
16:22
[SPEAKER_02]: Is it a national security issue not to?
16:24
[SPEAKER_02]: Jensen Wong makes the argument that we should be shipping them the best technology because then they have to work on the American stack.
16:32
[SPEAKER_02]: So plenty to debate to go around there.
16:35
[SPEAKER_02]: But yeah, crypto-wise, I think it is all correlated.
16:38
[SPEAKER_02]: And that's what we try to do here on the run down.
16:39
[SPEAKER_02]: We bring you a little bit of everything.
16:41
[SPEAKER_02]: We've got before we go on to to our other topics here.
16:45
[SPEAKER_02]: We got some people in the chat one vision Ryan are literally I think Ryan's our number one commenter and a whole YouTube Ed from Central Florida's here good morning to everybody Everybody else in the chat please tell us where you're from let us know what you guys want to learn We could do some questions at the end also if you're not subscribed bottom right click our logo subscribe like the video if you haven't we really appreciate it
17:07
[SPEAKER_02]: And again, if you enjoyed that technical analysis section with Brendan check the links below.
17:13
[SPEAKER_02]: He has an awesome course where you can learn more.
17:15
[SPEAKER_02]: I put the link for you there or like we said, we called the Solana breakout in the newsletter earlier this week.
17:20
[SPEAKER_02]: If you want that type of first word action, there's a one dollar trial down there as well.
17:25
[SPEAKER_02]: But Brendan, the thought of where Bitcoin is going next, right?
17:28
[SPEAKER_02]: We can make the case for the upside where we are truly permanent bulls on Bitcoin.
17:34
[SPEAKER_02]: But at least we recognize that.
17:35
[SPEAKER_02]: You can make the case for the downside as well.
17:37
[SPEAKER_02]: But are we still believers in the M two money supply that is the number one question.
17:42
[SPEAKER_02]: You know, I love to bring this chart up when I see it when I see some price movement and then I see the M. Too Money Supply move up or down.
17:49
[SPEAKER_02]: I'm always just like, let's grab this chart.
17:50
[SPEAKER_02]: Let's bring it back.
17:51
[SPEAKER_02]: Is this this would be the biggest case for staying steady and a move to the upside because we haven't seen this discorrelation from from this chart in a while.
18:01
[SPEAKER_02]: The M. Too Money Supplies, you know, even with Bitcoin making it's, you know, a newer all-time.
18:05
[SPEAKER_02]: I've got long ago the M. Too Money Supply keeps rising.
18:08
[SPEAKER_02]: So, you know, your thoughts, do we still believe in this?
18:11
[SPEAKER_02]: And obviously, this is something we would like to track on the show.
18:14
[SPEAKER_02]: Chat, toss it in the comments.
18:16
[SPEAKER_02]: What do you think as well?
18:16
[SPEAKER_02]: But Brendan, let's toss it to you first.
18:19
[SPEAKER_00]: Yeah, I think so.
18:20
[SPEAKER_00]: The thing about the M.T.
18:21
[SPEAKER_00]: Money Supply is the more that you zoom in, the more unreliable it is.
18:25
[SPEAKER_00]: And the more you zoom out, the more reliable it is.
18:28
[SPEAKER_00]: So, over the long term, it tends to have a closer correlation as opposed to over the short term.
18:33
[SPEAKER_00]: We know that this can
18:34
[SPEAKER_00]: typically delay by several months.
18:37
[SPEAKER_00]: And even with that, you can see that there's a little bit of, we're kind of straining off the course just a little bit.
18:43
[SPEAKER_00]: But again, I think that when we look at the M to money supply, I think it's like a loose tool to use.
18:47
[SPEAKER_00]: Is it going to be my single point investment thesis?
18:51
[SPEAKER_00]: Now, right?
18:52
[SPEAKER_00]: I need other factors.
18:53
[SPEAKER_00]: I need other catalysts to be at work to kind of feed me information.
18:58
[SPEAKER_00]: And I want to use this as like a solo investment point, right?
19:02
[SPEAKER_00]: I want it based my entire investment off of just the M to money supply.
19:05
[SPEAKER_00]: I think it's a good thing to like look at and follow.
19:08
[SPEAKER_00]: And I do think that again, it works, you know, generally speaking over the long term.
19:13
[SPEAKER_00]: In the short term, we do see variations of it.
19:15
[SPEAKER_00]: We've seen it in the past.
19:16
[SPEAKER_00]: I think we'll see it at different points of the future.
19:19
[SPEAKER_00]: But again, the M two money supplies more so than where you look at this over like a long term picture.
19:25
[SPEAKER_00]: And that's where you get the most effective in this.
19:27
[SPEAKER_00]: So yeah, quick little reminder here for everyone is that this is not used for day trading.
19:32
[SPEAKER_00]: This is used for like macro moves at a very, very high level.
19:37
[SPEAKER_00]: And it should always be joined by other pieces of info.
19:41
[SPEAKER_00]: Yeah, I mean, I'd still say it's worth hauling.
19:43
[SPEAKER_00]: Certainly worth keeping a track of and I'm a fan of it.
19:46
[SPEAKER_02]: And of course, yeah, and of course, nothing that we talk about is personal financial advice.
19:50
[SPEAKER_02]: We're not personal financial advisors.
19:52
[SPEAKER_02]: You know, you got to do your own research.
19:53
[SPEAKER_02]: We're just here for educational purposes to talk about crypto and have some fun.
19:58
[SPEAKER_02]: But to your point of, you got to use your other data points, right?
20:01
[SPEAKER_02]: There's a ton of other data points.
20:03
[SPEAKER_02]: That's what, you know, you're an expert on Bryce's an expert on row heat.
20:06
[SPEAKER_02]: We had him on the program not so long ago.
20:08
[SPEAKER_02]: Talk about a data analyst and an expert that guys unbelievable.
20:12
[SPEAKER_02]: And that's kind of again what we do here is we get all of our information from all of our team that have a bunch of different data points and expert points.
20:20
[SPEAKER_02]: But when you talk about specific data points, you brought up an awesome tweet here about, you know, hey, here's thirty data points that we like to track.
20:28
[SPEAKER_02]: for market cycle tops, and we have seen zero of them.
20:32
[SPEAKER_02]: So walk us through the theory of these market cycle tops, and then I tried my best to zoom in here, maybe we could do one more, two more there, and then you could try and maybe point out a couple of your favorite that are on this list for the top thirty.
20:46
[SPEAKER_00]: Yeah, it's interesting because, you know, I want to clarify, these aren't necessarily indicators that I would call a topping indicator, like there's some topping indicators that I believe in that aren't on this list.
20:57
[SPEAKER_00]: There's some ones that I might not believe in that are on this list.
21:00
[SPEAKER_00]: And so there's a little bit of leeway here, but this is saying generally speaking,
21:04
[SPEAKER_00]: people like to look at these things as like general topping indicators, and zero of them have fired, right?
21:11
[SPEAKER_00]: There's been this argument online of like, is the crypto top gonna be in in the next month?
21:16
[SPEAKER_00]: Is this a place to be worried about?
21:18
[SPEAKER_00]: And this is saying that like, hey, none of these topping indicators that are pretty generally accepted are in and none of them are firing yet.
21:28
[SPEAKER_00]: And if you scroll down just a little bit,
21:31
[SPEAKER_00]: You know, we can take a look at some of these here, Tvo.
21:34
[SPEAKER_00]: And there's also sorts of different ones, right?
21:37
[SPEAKER_00]: And so you can have like the Bitcoin rainbow chart.
21:39
[SPEAKER_00]: You have the ETF, the BTC ratio.
21:42
[SPEAKER_00]: You have days of net out flows.
21:44
[SPEAKER_00]: You have the RSI, which I actually do like to use.
21:48
[SPEAKER_00]: You have the awkward season index.
21:50
[SPEAKER_00]: You have Bitcoin dominance.
21:51
[SPEAKER_00]: You know, a lot of the things that we do look at on here, and then you can see like short term and long term holder supply and like all this stuff.
21:59
[SPEAKER_00]: And none of these are really firing.
22:02
[SPEAKER_00]: Now, some of them are getting kind of close, you know, but really nothing's over like eighty percent for the most part.
22:07
[SPEAKER_00]: You have a few things around seventy percent, which is to be expected, right?
22:11
[SPEAKER_00]: We've had a pretty big run so far, so I would expect things that are
22:14
[SPEAKER_00]: You know, pushing around the fifty sixty seventy percent.
22:17
[SPEAKER_00]: I think that's normal.
22:18
[SPEAKER_00]: But even then that's saying, hey, we still have another thirty forty percent to go.
22:24
[SPEAKER_00]: And in terms of like time probably to the upside.
22:29
[SPEAKER_00]: And I would agree, you know, I think it's hard to look at the market right now.
22:33
[SPEAKER_00]: And again, from my perspective as an analyst, I just don't see the topping indicators there.
22:39
[SPEAKER_00]: I think the only one that you could try to argue is saying what we're approaching sixteen months after the having, that's a topping indicator.
22:47
[SPEAKER_00]: And we're not even there yet, but we are approaching it.
22:49
[SPEAKER_00]: So I think people could look at that, but other than that,
22:53
[SPEAKER_00]: If you're looking at like a technical perspective or any kind of data or anything like that, the topping indicator is just aren't there yet, right?
23:01
[SPEAKER_00]: I don't see them.
23:02
[SPEAKER_00]: It doesn't look like it on the chart.
23:03
[SPEAKER_00]: It doesn't look like it on the RSI.
23:04
[SPEAKER_00]: It doesn't look at it on like different moving averages or indicators or a lot of even like the fear and greed index and stuff.
23:11
[SPEAKER_00]: It just does not look like we have topped yet.
23:14
[SPEAKER_00]: And I think that this, again, gives people some good reassurance, helps paint the full picture.
23:20
[SPEAKER_00]: All coins aren't where people want them to be either.
23:23
[SPEAKER_00]: And I mean, adoption and stuff isn't slowing down.
23:27
[SPEAKER_02]: So yeah, actually, I wanted to bring up the fear and greed index.
23:34
[SPEAKER_02]: I thought I put it in the chart there.
23:35
[SPEAKER_02]: Maybe I accidentally deleted it, but now that you mentioned it, we got it right here.
23:39
[SPEAKER_02]: Let's pull it up.
23:41
[SPEAKER_02]: So on the back end of neutral there, tipping towards fear and extreme or yearly high was still in November.
23:50
[SPEAKER_02]: We didn't even get back up to that yearly high, which I find interesting as we were pulling those all time highs and the all coins started to move and that Bitcoin dominance dropped and we still didn't reach our extreme greed.
24:01
[SPEAKER_02]: which I think is is interesting and we're kind of tipping at that neutral point and I think the technical analysis showed that we're we're kind of building that short-term range again and yeah I mean if you break to the downside you're going to get into the fear category which I think is if you told us again let's go back a year right Brendan like if you said hey
24:23
[SPEAKER_02]: the Nikai trade we brought that up on the show many times before but I think that was August right so basically a year ago when we dropped down I think it was sixty maybe in the high fifties during the Nikai trade if you would have said hey a year from now you're going to be at neutral tipping into fear and Bitcoin's going to be a hundred and you know fifteen hundred and ten thousand dollars like I think every single one of us on the team and every single one of us in the industry and on watching on the live and the in the podcast would
24:51
[SPEAKER_02]: be super stoked if we were told that a year ago so i think it's pretty cool when when bitcoin can be above a hundred k and we can hit a fearsome i think that's uh... i think that's a testament to how far we've come
25:05
[SPEAKER_00]: Yeah, I think I would have been laughing.
25:07
[SPEAKER_00]: If you would have said, hey, Bitcoin's going to be around Fierzone at a hundred and ten K. I would have been like, you're crazy.
25:14
[SPEAKER_00]: What kind of story would need to happen for that to go right?
25:17
[SPEAKER_00]: But yeah, you know, everything is again fairly strong.
25:21
[SPEAKER_00]: We have these ups and downs and stuff.
25:23
[SPEAKER_00]: But like the big narrative right now, Tivo is
25:28
[SPEAKER_00]: I would say less so Bitcoin, Bitcoin dominance has been dropping.
25:31
[SPEAKER_00]: The big narratives have been around Ethereum and Solana, and a few altcoins as well, but the Solana narrative is just building again.
25:41
[SPEAKER_02]: which is.
25:42
[SPEAKER_02]: Yeah, and credit honestly credit to us.
25:45
[SPEAKER_02]: I think it's something.
25:46
[SPEAKER_02]: I don't want to pump my entire too much, but I believe it's something that I brought up a couple times over the last couple weeks where I've been I've been all in on the eighth trade me and you both we've talked about it for you know at this point six to eight weeks.
25:59
[SPEAKER_02]: We've talked, and we have a timely, a timely hater, if you will, coming up on the show.
26:05
[SPEAKER_02]: We have that clip, but we've pumped, we pumped bit mine and timely, and we showed you step by step.
26:12
[SPEAKER_02]: I think we're even a little early on the show if you watch every week, which is why I promote that of kind of showing you.
26:17
[SPEAKER_02]: This Ethereum narrative is building, it's going, and it's going to be a snowball going downhill, right?
26:22
[SPEAKER_02]: It's just picking momentum and it's growing.
26:24
[SPEAKER_02]: It's growing and then I think towards the top back end again, not that I sold out of everything.
26:28
[SPEAKER_02]: I'm still an youth believer, but I kind of started saying on the show, hey, when these narratives happen, you know, we got to remember like January there was the salon of the meme coin narrative.
26:39
[SPEAKER_02]: Um, and then Solana hit its all time highs and was rocketing in January as Ethan was pronounced dead.
26:44
[SPEAKER_02]: So now that nobody's talking about Solana and Ethereum has is the bell the ball.
26:49
[SPEAKER_02]: Like that narrative is basically what I was saying is odds are what's old is new again at some point in that narrative will flip.
26:57
[SPEAKER_02]: Um, and again, not that eats going to go back to being in the graveyard by any means, but Solana is probably going to pick up.
27:03
[SPEAKER_02]: pick up speed more than that at some point depending on when that changes when the money flow goes in once the money flow goes then then all the big names that are putting the money flow and are going to come out and say hey we're buying ethers sorry we're buying salana for these reasons and now we're seeing that with a panteric capital plans to raise up to a hundred I'm sorry one point two five billion
27:24
[SPEAKER_02]: to convert a public company into the Solana investment firm.
27:28
[SPEAKER_02]: Um, this crypto fund will acquire a NASDAQ listed company Solana co and it will accumulate soul.
27:36
[SPEAKER_02]: So it's basically the same play of bitmind, right?
27:38
[SPEAKER_02]: You're just taking this NASDAQ or, you know, a stock that's listed on the stock market.
27:44
[SPEAKER_02]: You're acquiring it as a vehicle in the stock market and you're just converting it into a Solana treasury company.
27:50
[SPEAKER_02]: Um, and then there was another one.
27:52
[SPEAKER_02]: would we have here with galaxy so this comes out and then a couple like literally a day later is like okay now the flood gates are open they must have gotten their position built and then uh... you know galaxy is partnering with canter Fitzgerald is acting as the lead banker um... for another soul you know another soul strategy fuel and speaking of soul strategy we've had them on the podcast before
28:14
[SPEAKER_02]: So, again, obviously Bitcoin, the easiest number one narrative to buy into across the board, and then, you know, Ethereum and Solana seem to be jogging for that number two position, and I think it'll just continue kind of a teeter like that, which is kind of interesting.
28:31
[SPEAKER_02]: What are your thoughts on it?
28:34
[SPEAKER_00]: Yeah, I mean, you're right.
28:35
[SPEAKER_00]: We talked about this a couple of weeks ago when we said, Hey, there's this balance mean back and forth between eats hot, soul's hot, eats hot, soul's hot.
28:43
[SPEAKER_00]: We talked about the beginning of the year, and now the second half of the year, and we said, it's going to go back and forth.
28:47
[SPEAKER_00]: And here we are, right?
28:49
[SPEAKER_00]: You know, so the narrative switch, one's hot, then the other one is, and it's it's
28:54
[SPEAKER_00]: going to continue to happen here.
28:56
[SPEAKER_00]: So, you know, we can be bullish on Bitcoin Ethereum and Solana and other cryptos.
29:00
[SPEAKER_00]: It's not this one winner takes all.
29:03
[SPEAKER_00]: We're not maxies over here.
29:05
[SPEAKER_00]: But I think it is interesting that we are starting to see these treasury companies expand and you have some pretty reputable sources here with Pantera and Galaxy being like
29:15
[SPEAKER_00]: gigantic, Chad, fine names and they're just gigantic players in general and they're coming out and saying we're choosing Solana for our
29:27
[SPEAKER_00]: for our deaths, right?
29:28
[SPEAKER_00]: The treasury companies.
29:30
[SPEAKER_00]: And yeah, I mean, we'll see.
29:32
[SPEAKER_00]: I think originally, you know, it makes sense with Bitcoin.
29:35
[SPEAKER_00]: And then I think it also makes sense with Ethereum with some of the stablecoin plays with Solana.
29:40
[SPEAKER_00]: Again, I love Solana.
29:40
[SPEAKER_00]: I have a ton of Solana.
29:42
[SPEAKER_00]: I think it starts making a little bit less sense with Solana.
29:45
[SPEAKER_00]: And then I think once we go past Solana, I think the treasury companies
29:48
[SPEAKER_00]: Dare I say, I don't think they make a lot of sense for some of these other altcoins outside of this.
29:53
[SPEAKER_00]: I think you can understand, hey, Salana's big infrastructure, Ethereum's massive infrastructure that coins the Godfather is completely decentralized.
30:01
[SPEAKER_00]: That makes sense.
30:02
[SPEAKER_00]: But I've started to see, and we've talked about it, treasuries with some of these other altcoins.
30:07
[SPEAKER_00]: And it's cool and stuff.
30:08
[SPEAKER_00]: I just don't know if it necessarily makes a logical sense to me.
30:12
[SPEAKER_00]: To each their own, I know people have their convinced on their favorite altcoin.
30:18
[SPEAKER_00]: But yeah, you know, I would be a little bit concerned moving forward.
30:21
[SPEAKER_00]: And here's my fear with these treasury companies.
30:24
[SPEAKER_00]: Is that we're starting to get a lot more of them?
30:26
[SPEAKER_00]: They're going to be competing with each other.
30:28
[SPEAKER_00]: And the way that I see this playing out is they're going to need to cater to the masses.
30:35
[SPEAKER_00]: They're going to say, hey, don't choose them, choose us.
30:37
[SPEAKER_00]: And how do they do that?
30:38
[SPEAKER_00]: How do they outperform all these other competitors if the space is becoming more, I don't know, more concentrated.
30:46
[SPEAKER_00]: I think the way that they do that is they start being more risky.
30:49
[SPEAKER_00]: They're going to say, well, we can generate more and we're better because we're generating more and they're going to take more and more risks.
30:54
[SPEAKER_00]: And my fear here is that eventually that leads to someone blowing up is that eventually people try to outperform.
31:02
[SPEAKER_00]: They try to offer things that aren't as realistic and it becomes unsustainable.
31:06
[SPEAKER_00]: And then all it takes is one or two of those to be stupid.
31:10
[SPEAKER_00]: get over leveraged, not be able to hold out through a bull market, or through a bear market, and then they blow themselves up.
31:17
[SPEAKER_00]: And that's like, my only fear with some of these treasury companies or deaths is they're being called now, is that I think that that's kind of the way that we're pushing ourselves towards.
31:26
[SPEAKER_00]: And we saw this happen before with exchanges.
31:29
[SPEAKER_00]: We've seen it happen with stable coins and different defy players in that
31:34
[SPEAKER_00]: You know the big one that comes to my mind is like some of the previous stable coins stuff that we saw and then that became unsustainable and then they were offering these yields of like oh you could earn three percent then five percent then ten percent then twenty plus percent on your stable coin returns and then that became unsustainable and a lot of those providers that were promising that they blew up and it kind of led us into some dark
31:58
[SPEAKER_00]: periods afterwards, and I don't want to see that happen with the dots.
32:01
[SPEAKER_00]: So my only hope here is that, hey, we don't get levered up.
32:04
[SPEAKER_00]: We play it a little bit smart.
32:06
[SPEAKER_00]: I know the space is going to get more concentrated, but I don't want to see them doing stupid things to kind of shine out.
32:14
[SPEAKER_00]: That's like the number one thing that I'm keeping my eye out on on these.
32:17
[SPEAKER_00]: And so far, it doesn't look like we're seeing that.
32:19
[SPEAKER_00]: Again, my fear here is that like you have really reputable names with Michael Sailer and Tom Lee and Galaxy and all these others.
32:28
[SPEAKER_00]: Those aren't necessarily the ones that I'm as worried about.
32:30
[SPEAKER_00]: It's the ones that come afterwards and they try to steal market share and they try to make a name for themselves.
32:35
[SPEAKER_00]: I think that's where there's going to be a little bit more risk.
32:39
[SPEAKER_02]: Yeah, and there's a lot of, again, I think the narrative once it starts, everybody's all in.
32:44
[SPEAKER_02]: And like you said, it just kind of popcorns from there and grows and grows and grows.
32:48
[SPEAKER_02]: And finally, I see a take against it.
32:51
[SPEAKER_02]: I mean, especially for a big name.
32:53
[SPEAKER_02]: So Jack Moller's a friend of the program, of course.
32:56
[SPEAKER_02]: And we've played a lot of clips over the years of him talking about Bitcoin.
33:01
[SPEAKER_02]: But this is the first time I think kind of people
33:04
[SPEAKER_02]: saw like an an anti-hot take, which you know, Jack's not afraid to give a hot take for sure.
33:09
[SPEAKER_02]: So let's let's tune in and see again without saying Tom Lee is kind of directing it at this, you know, Ethereum, you know, treasury strategy.
33:19
[SPEAKER_01]: What's funny about the narrative that these Ethereum treasury companies have created is my co-founders are the inventor of stable coins and we've created a Bitcoin treasury company.
33:28
[SPEAKER_01]: So I would wage to say that the inventor and the largest stable coin in the world probably has the market expertise that everyone else lacks and they don't even think in Ethereum treasury company is a good idea.
33:40
[SPEAKER_01]: So I think it's a highly questionable narrative.
33:44
[SPEAKER_01]: What's fun
33:45
[SPEAKER_02]: I like questionable narrative there, Brendan.
33:48
[SPEAKER_02]: I think, again, you got to take all the information in.
33:51
[SPEAKER_02]: That's what this shows about just to, again, see everything that's going on and break it down.
33:56
[SPEAKER_02]: And so you can question the narrative, but the only problem is, at least for now, I guess you can, you can question the actual validity of how it will work out in the end game.
34:04
[SPEAKER_02]: I think that's what Jack's doing, but our friend of the program, James Save, our post to this the other day, where the top holders of Ethereum
34:14
[SPEAKER_02]: uh... advisors are dominating the known holders and they're pulling away from hedge funds but just like again just all the big money in this is is is insane right now and it's all happened fairly recently with this run up i mean you see the investment advisors are are basically close close to a double there for the events investment advisors hedge funds brokerage private equity uh... then you can see kind of goes down there in the list is the exposure number drops
34:44
[SPEAKER_02]: You know, sometimes the narrative is louder than the fundamentals of maybe even the actual underlying technology is kind of the theory that Jack Mollers is pitching.
34:57
[SPEAKER_02]: But then again, you could make the case that the Tom Lee's the world and going on TV and all these podcasts clips that we've played is like pumping his, you pump your own bags, right?
35:07
[SPEAKER_02]: Everybody's always on TV, always pumping their own bags.
35:09
[SPEAKER_02]: We try to be a little bit more
35:11
[SPEAKER_02]: educational and manner and obviously identify our biases but uh... backmolors is a whole life in bitcoin and has his own company and you know that he that he's uh... partnered with people and launched and all that stuff and it's all based around bitcoin so you got to remember he might have a good point but he's also again quote unquote pumping his own bags but what's your thought around uh... the hot take there you might be on mute brand and i can't hear you
35:41
[SPEAKER_02]: Yeah, sorry.
35:43
[SPEAKER_00]: Um, you know, again, I understand this idea of a Bitcoin treasury company.
35:50
[SPEAKER_00]: I think, again, that one makes the most sense.
35:52
[SPEAKER_00]: It's completely decentralized.
35:54
[SPEAKER_00]: It's like we don't know who Satoshi is.
35:56
[SPEAKER_00]: We don't know who the creators are.
35:57
[SPEAKER_00]: It's the most decentralized of the bunch.
35:59
[SPEAKER_00]: It's the Godfather crypto.
36:01
[SPEAKER_00]: As I said, I think it makes the most sense for a Bitcoin treasury.
36:05
[SPEAKER_00]: However, I think people are looking at the infrastructure plays and they're saying, what could Ethereum be the infrastructure of moving forward?
36:14
[SPEAKER_00]: How big can stablecoins get?
36:16
[SPEAKER_00]: How big can tokenization get?
36:18
[SPEAKER_00]: How big can the infrastructure on Ethereum and those different sectors that we just talked about defying included?
36:23
[SPEAKER_00]: How big can those get?
36:25
[SPEAKER_00]: And if you truly do believe that stablecoins are going to be an integral part of society and companies and same thing with tokenization and defying stuff,
36:34
[SPEAKER_00]: Then I think it makes sense to have an Ethereum treasury based off of those.
36:40
[SPEAKER_00]: Now if you're looking at it from just outside of that, you don't believe in those narratives and you just think that
36:46
[SPEAKER_00]: at a high level, I think Bitcoin does make more sense in terms of a treasury outside of those.
36:51
[SPEAKER_00]: But again, if you believe in tokenization, if you believe in stable coins, if you believe in defy, and that those spaces are going to grow, we've seen a lot of banks, we've seen a lot of different financial groups, we've even seen the government come out and say that this can be a multi-chillian dollar market.
37:06
[SPEAKER_00]: If you believe that, which is good evidence as to why, then I think Ethereum Treasury makes sense, but for different reasons than the Bitcoin one, right?
37:15
[SPEAKER_00]: And so I think it all depends on your investment thesis, and that's what it comes down to here.
37:19
[SPEAKER_00]: It looks like Jack Mallers is looking at this
37:24
[SPEAKER_00]: investment thesis through the lens of like, what is Bitcoin at a fundamental level?
37:28
[SPEAKER_00]: And what is its role and how decentralized is it?
37:31
[SPEAKER_00]: And he's looking at it through that lens and saying, Ethereum doesn't hold the same macro approach.
37:38
[SPEAKER_00]: And he's right.
37:39
[SPEAKER_00]: It doesn't.
37:39
[SPEAKER_00]: But if you're looking at it through this investment thesis saying, what could the ripple effects of Ethereum be through DeFi and stablecoins and tokenization and these other things?
37:50
[SPEAKER_00]: What could that be in the next ten fifteen years then I think it makes more sense on that because Bitcoin doesn't have as much fundamental use case as Ethereum does but Ethereum doesn't have as much of a
38:03
[SPEAKER_00]: like decentralized, I would say like as much of a reserve asset and something that is as untenable as Bitcoin.
38:12
[SPEAKER_00]: So they're good for different reasons and I think that's fine, right?
38:15
[SPEAKER_00]: There's a reason why people like Ethereum for one reason.
38:17
[SPEAKER_00]: They like Bitcoin for a different reason and they're saying that they can be reserve assets or that they can be treasury assets for two completely different reasons.
38:25
[SPEAKER_00]: So that's my take on it is that like again, I think that these make sense if he has that belief
38:31
[SPEAKER_00]: by all means, you know, again, I like both.
38:33
[SPEAKER_00]: I have them both.
38:34
[SPEAKER_02]: I have a lot of both, so yeah, I think, like me and you both have a lot of both, but the show goes on in the sense that again, sharp link.
38:43
[SPEAKER_02]: I'm sure this sharp link keeps buying.
38:45
[SPEAKER_02]: They bought another fifty six thousand, uh, eat there around two hundred fifty two million.
38:51
[SPEAKER_02]: Obviously, you know, uh,
38:53
[SPEAKER_02]: bit mine and Tom Lee have have gotten to the point where they seem kind of sailor asking a once a week.
38:59
[SPEAKER_02]: Recently we'll see if that pace can keep up.
39:02
[SPEAKER_02]: There was some wild stat.
39:05
[SPEAKER_02]: I wish I had a chart for it.
39:07
[SPEAKER_02]: But anyway, you all just have, I'll try and find it maybe for the next show.
39:09
[SPEAKER_02]: There were some stat where his bit mine was a top ten traded stock in volume, which is insane considering, you know, if you go back again before this announcement of the ETH Treasury, it was not even close to sniffing any top one hundred two hundred list again, getting that trading and options premium and just the volatility around it going.
39:34
[SPEAKER_02]: pretty quickly like like microstrategy does as well so that that's again just something to keep an eye on the narratives and full swing and you know when it comes to the betting markets and and this is a great point of you pulling this up of the the odds of with the odds of theorem hits six k this year this is a interesting
39:55
[SPEAKER_02]: Just topic in general, I'm going to hand it off to you in a second for your thought around this specific one, but also just touch on how you think poly market, calcium, these these these betting markets are are coming into crypto and in kind of
40:10
[SPEAKER_02]: quick way where it's it's really becoming a part of the culture.
40:13
[SPEAKER_02]: It's really becoming part of possibly even the strategy.
40:16
[SPEAKER_02]: I mean, I know there's a lot more people smarter than me that are talking about, you know, how can you get some alpha here?
40:22
[SPEAKER_02]: How can you hedge?
40:24
[SPEAKER_02]: You know, all that type of stuff using these betting markets because a lot of time when things are announced, the price jumps in the markets before you could even open up your brokerage, especially in Tradify.
40:35
[SPEAKER_02]: But, you know, Brian Brian McNut and I were talking about this over lunch the other day was the
40:40
[SPEAKER_02]: You know, the betting markets, you can, you can kind of maybe get some alpha with a little bit more of a time window.
40:47
[SPEAKER_02]: If you're, if you're early to the news, so thoughts on betting markets overall, but first thoughts on this Ethereum wager of, you know, six K this year.
40:56
[SPEAKER_00]: Yeah, I mean, there's an eighty percent chance or eighty percent odds that we hit six k or sorry, we hit five k by the end of this year, fifty percent chance that we hit six k by the end of the year and you can see all the rest of the numbers on the screen as well.
41:10
[SPEAKER_00]: The thing about these betting markets is that they're usually the most accurate source of like what is likely to happen because these are peer to peer and they're not operated with like
41:22
[SPEAKER_00]: a casino at the back end or the house on the other end you're betting against other people which makes the odds the most reliable because it's all peer-to-peer betting so you're again it's just you versus other people and that's it and so it tends to be the less the least manipulated and the most reliable and we saw that happen especially with like the election and with rate cuts and with the like a lot of other key decisions and
41:47
[SPEAKER_00]: What this is saying is that there's almost a certainty to have eighty percent on polymarket is high for odds and so to say eighty percent is saying that we're gonna hit new all-time highs by the end of this year on a theorem it's saying it's extremely likely so again we stand by that we say hey new all-time highs are possible here for a theorem and it's even like
42:07
[SPEAKER_00]: borderline likely that we're going to go to six k which is well above that and so when we're looking at this price prediction of like what's possible this year again like new all-time highs are like the likely scenario we're saying that but we're also saying look at the betting market information if you don't believe it you can get insane odds you can go in at the twenty cent margin and load up and you're going to get paid big time right but the odds are right now the big queen
42:35
[SPEAKER_00]: It's new all time highs by the end of the year and it's good to see more information kind of pointing in that direction.
42:43
[SPEAKER_02]: Yeah, I think it's it's a it's a tool in the toolbox for both research and maybe maybe some alpha and again, I'm not somebody that can do the math on this, but there's probably some arbitrage opportunities.
42:58
[SPEAKER_02]: Just as kind of on the back half here as we as we change topics and continue on just shout out to the chat pretty active today, Brendan.
43:05
[SPEAKER_02]: We have Mrs. See Lee McCris first time here.
43:09
[SPEAKER_02]: We had another person Shumea might be pronouncing that wrong my apologies, but welcome.
43:15
[SPEAKER_02]: And then Tammy Tammy from Texas love that and Yeah, just just good vibes in the chat today.
43:21
[SPEAKER_02]: If everybody could just give a like
43:23
[SPEAKER_02]: uh... really helps us grow the show hit the light button subscribe and we do this multiple week um... but continuing on salute to the uh... salute to the link marines brand and act actually uh... a lot of news around them the first one is uh... bit wise is filed for an ETF that's exciting we always kind of track all the new dfs that are coming through
43:46
[SPEAKER_02]: I'm sure bit wise won't be the only one and I say that specifically because some news literally out of right before we hit live.
43:55
[SPEAKER_02]: I thought through this on here was a salute to the link Marines for for serving our great nation.
44:01
[SPEAKER_02]: So announcement here that the U.S.
44:04
[SPEAKER_02]: Department of Commerce partners with chain link to bring government macro economic data on chain now.
44:11
[SPEAKER_02]: I saw something earlier in the week yesterday maybe
44:14
[SPEAKER_02]: Our two days ago that it was announced that the government wanted to bring a lot of its data on chain that the reporting data like we talk about the CPI reports, CPI reports, all that stuff.
44:26
[SPEAKER_02]: We've had great debates on how accurate they are, but I think a first step would be interestingly enough to report them on chain and then you kind of work backwards from that in a sense, right?
44:35
[SPEAKER_02]: It's a first will report them on chain and then can we work backwards where we just start feeding the data
44:41
[SPEAKER_02]: on chain to be able to get real time updates and make sure that, you know, none of this, I don't know the guesswork that goes into that or the surveying that goes into that, but those numbers have been consistently wrong, especially the jobs data for a while with those corrections.
44:55
[SPEAKER_02]: So I think this is a step in the right direction.
44:57
[SPEAKER_02]: It's exciting.
44:58
[SPEAKER_02]: Obviously, great for chain link.
45:00
[SPEAKER_02]: You're getting ETF filings and then you're getting all this, you know, buzz around reporting the data.
45:06
[SPEAKER_02]: You know, what do you think?
45:07
[SPEAKER_00]: Yeah, I mean,
45:10
[SPEAKER_00]: Chainlink, we saw it on the chart earlier, and that thing had been just tearing, pushing up to a massive resistance.
45:17
[SPEAKER_00]: It's also if you zoom out on it, it's interesting.
45:19
[SPEAKER_00]: I don't want to go too deep onto this, but there's a giant penit when you lose zoom out to like a weekly chart, lower highs and higher lows, and it's squeezing, and it's been seeing a lot of attention, but this is also good stuff.
45:31
[SPEAKER_00]: Chainlink for people who don't know, they're the largest oracle in all of crypto.
45:36
[SPEAKER_00]: They're native to Ethereum, but they've been branching out since then.
45:39
[SPEAKER_00]: And they are a core part of the crypto ecosystem because of that.
45:44
[SPEAKER_00]: And they have the vast majority of Oracle market share.
45:50
[SPEAKER_00]: They are so dominant that the second place is like miles and miles behind them.
45:56
[SPEAKER_00]: And so they're getting, I think what they're seeing is kind of getting some of the recognition that they deserve here.
46:00
[SPEAKER_00]: for being such a dominant, reliable, oracle player.
46:05
[SPEAKER_00]: They're not always going to be the most flashy.
46:06
[SPEAKER_00]: They're not always going to be the most entertaining.
46:09
[SPEAKER_00]: But they're a core part of infrastructure in crypto as we know it.
46:13
[SPEAKER_00]: And it's cool to see them getting these kinds of deals and getting the love as well.
46:18
[SPEAKER_00]: So again, you know, I'm bullish on sharing link.
46:20
[SPEAKER_00]: I own some myself.
46:21
[SPEAKER_00]: So I want to disclose that.
46:22
[SPEAKER_00]: But yeah, now they're doing some good things.
46:26
[SPEAKER_00]: And I think it makes sense as to why they're getting some love and attention here.
46:31
[SPEAKER_02]: Yeah, there's a lot of attention just going around the crypto market still even when the price action is, you know, maybe in some eyes, you know, stalling out on Bitcoin, there's always stuff going on under the hood.
46:43
[SPEAKER_02]: This debt, just wow, this is me running the Twitter year, just wow.
46:47
[SPEAKER_02]: I mean, hyper liquid recorded three hundred and thirty billion in trading volume in July and beating out Robinhood.
46:57
[SPEAKER_02]: which they didn't compare, and I'm sure it was pretty close there, but man, people are hopping on to hyperlink, but I know that's something that the team has written about in newsletters, the team has talked about on the coaching calls.
47:09
[SPEAKER_02]: So I just got to hand that one off to you, you Brendan.
47:11
[SPEAKER_02]: I know you've been deep in the research of hyperlink would.
47:14
[SPEAKER_00]: Yeah, this is crazy because what we're now seeing is, I mean, you have it on the screen.
47:19
[SPEAKER_00]: They hit a record, three hundred and thirty billion in trading volume in July last month.
47:24
[SPEAKER_00]: And that beats what Robin Hood was doing.
47:27
[SPEAKER_00]: And we know Robin Hood, we talk about it all the time on here.
47:29
[SPEAKER_00]: It's like one of like the leading up and coming, I don't know if we can call it up and coming anymore.
47:34
[SPEAKER_00]: But one of the leading brokerages, especially in the States, and this is huge because hyper-liquid is crypto-native.
47:41
[SPEAKER_00]: And we talked about the hype token
47:43
[SPEAKER_00]: hitting you all time highs.
47:45
[SPEAKER_00]: It's a big deal because Robinhood is almost a hundred billion dollar market cap and HyperLick with last time I checked was around a sixteen billion dollar market cap.
47:57
[SPEAKER_00]: Now obviously there's other things that go into the market cap, right?
48:01
[SPEAKER_00]: How much revenue are they making?
48:03
[SPEAKER_00]: How much profit are they actually taking away from that revenue?
48:07
[SPEAKER_00]: what's their total users and stuff.
48:09
[SPEAKER_00]: There's a lot that goes into that.
48:11
[SPEAKER_00]: So I'm not saying because they're doing this, they should be valued as much as Robinhood.
48:15
[SPEAKER_00]: But it's certainly interesting to say like, hey, like
48:20
[SPEAKER_00]: People have been trying to argue that maybe hyperliquid is over-valued.
48:24
[SPEAKER_00]: And it's like, well, maybe it's not.
48:26
[SPEAKER_00]: If they're pulling these kind of numbers, again, we need to see what some of those other metrics look like.
48:30
[SPEAKER_00]: But maybe they're not.
48:32
[SPEAKER_00]: And I think that there's two things that we can look at.
48:33
[SPEAKER_00]: Number one, saying kind of comparing them the Robin Hood and saying, hey, if Robin Hood hit around a hundred billion dollar valuation in terms of market cap,
48:41
[SPEAKER_00]: hyper-liquid could probably get a fraction of the way there as well given these numbers and maybe some other statistics.
48:49
[SPEAKER_00]: Number two, I think the other thing that we can look at here.
48:53
[SPEAKER_00]: is the fact that hyperliquid is not available in the United States yet, which is arguably the biggest market for someone to get access to.
49:01
[SPEAKER_00]: So if they've gone this far and they don't have access to the United States, what if we see regulations ease up and they get access to it?
49:09
[SPEAKER_00]: Well, that could do wonders to their market cap because they're unlocking the most significant, largest audience.
49:16
[SPEAKER_00]: for their product and service.
49:19
[SPEAKER_00]: So I think there's a couple different ways to look at this.
49:21
[SPEAKER_00]: And I'm saying all this, I have no exposure to hyperliquid, but I'm a big fan of what they've been doing.
49:26
[SPEAKER_00]: And I think that there are positive catalysts that you can still look at to potentially argue that this thing can go a whole lot further than it's already at.
49:36
[SPEAKER_00]: And also, I think they have seventy five percent of the derivatives market share in crypto.
49:44
[SPEAKER_00]: So like three quarters of market share in the derivatives space is also hooked up by hyper-liquid.
49:50
[SPEAKER_00]: So again, very, very dominant there.
49:54
[SPEAKER_00]: Yeah, I mean, another one.
49:55
[SPEAKER_00]: We're watching.
49:57
[SPEAKER_02]: Yeah, a hundred percent.
49:58
[SPEAKER_02]: And I know the teams watching it very closely.
50:00
[SPEAKER_02]: You guys have been talking about that for a while.
50:03
[SPEAKER_02]: The whole team, the newsletters, the coaching calls.
50:05
[SPEAKER_02]: So shout out to you guys for being on top of that one as it continues to grow.
50:09
[SPEAKER_02]: Something that I saw that I wanted to bring up.
50:13
[SPEAKER_02]: It basically the topic is like banks have still you know lost the narrative right there they're losing the narrative of the people not that they even ever had it just reminds me of my
50:27
[SPEAKER_02]: You know, my meme here of Jamie Diamond just absolutely getting leaped by by Bitcoin here and just these these banks.
50:34
[SPEAKER_02]: They still, they're still trying to fight it underneath the surface.
50:38
[SPEAKER_02]: Obviously, there's all this bullish news that comes out these.
50:41
[SPEAKER_02]: Oh, JP Morgan's doing a blockchain here and city groups doing this and Wells Fargo's doing that, but Matt Hogan just really elevating
50:49
[SPEAKER_02]: the thought process here for this political report where banks are basically trying to stop the yield from crypto companies.
50:58
[SPEAKER_02]: So we'll scroll down here first.
50:59
[SPEAKER_02]: You know, these big banks in the reports of groups like American bankers associations, the ABA, as I'm sure all of you know it is.
51:08
[SPEAKER_02]: The ABA, they're lobbying, they're trying to get, uh, they want to block all crypto companies from paying yields to customers who hold stable coins.
51:16
[SPEAKER_02]: So like right now, I know that on Coinbase, if you hold their US DC product, I think you're getting like
51:23
[SPEAKER_02]: You're getting like a four point two or maybe a four point five yield percentage if you just you're holding those stable coins and that like these banks are are definitely probably starting to see outflows of of holding money in those accounts and that's with good reason because if you have any financial literacy at all and you're you hold a couple chase bank accounts as Matt Hogan friend of the program pointed out
51:44
[SPEAKER_02]: chase total checking none chase premiere plus checking zero point zero one chase sapphire checking zero point zero one chase secure checking none I mean that's the standard API for these accounts and again if you want
51:57
[SPEAKER_02]: You know, you want to keep your emergency fun.
51:59
[SPEAKER_02]: A lot of people need an emergency run, right?
52:01
[SPEAKER_02]: Like the general topic is the general amount is three months of three to six months of bills.
52:08
[SPEAKER_02]: Like God forbid if you lost your job or you got hurt or sick and couldn't work, you need at least three to six months of your bills.
52:14
[SPEAKER_02]: And those people need to put that somewhere where they can access it.
52:16
[SPEAKER_02]: So you can't lock it up in a five year T bill, right?
52:19
[SPEAKER_02]: You're leaving it in your checking and your savings account.
52:22
[SPEAKER_02]: And these accounts, these accounts are doing nothing for them.
52:25
[SPEAKER_02]: They're doing nothing.
52:25
[SPEAKER_02]: I mean, you could just go open your Coinbase account and it's, you know, throw it in some USDC and clip a four and a half percent.
52:32
[SPEAKER_02]: It's a no-brainer, but these banks are lobbying to try and stop it instead of just unlocking and giving back to the customers.
52:40
[SPEAKER_02]: I mean, man, you know me and you could ran on this all day, Brandon, but it's just frustrating.
52:46
[SPEAKER_00]: Yeah, it is.
52:47
[SPEAKER_00]: And I'm like, I've come to this realization and I've gone back and forth with my bank in recent years.
52:52
[SPEAKER_00]: And just the returns or whatever they offer me, whether it's like a checking savings on money market, everything.
53:01
[SPEAKER_00]: It's also unappealing.
53:03
[SPEAKER_00]: Like when they're telling me I can get two percent on my savings account, which I know is a little bit on the lower end.
53:09
[SPEAKER_00]: It doesn't even beat inflation.
53:10
[SPEAKER_00]: Like why would I want to keep my money in there?
53:13
[SPEAKER_00]: If I'm no I'm losing to inflation,
53:16
[SPEAKER_00]: every single year.
53:16
[SPEAKER_00]: I get a good one.
53:18
[SPEAKER_00]: Maybe I'm keeping up with inflation at that point.
53:21
[SPEAKER_00]: And it's doing nothing, but again, still like, do I really want the vast majority of my wealth gaining zero percent, two percent, three percent?
53:30
[SPEAKER_00]: I don't know.
53:30
[SPEAKER_00]: Again, I think they have a place in society.
53:33
[SPEAKER_00]: I think banking is important, and I don't think it's going to ever completely go away.
53:39
[SPEAKER_00]: Yeah, you know, I don't know, man.
53:40
[SPEAKER_00]: Again, I've started realizing that I can go to alternative sources and make sure that I get four to five percent on cash that's sitting there idle.
53:48
[SPEAKER_00]: And that sounds a whole lot more appealing than two percent.
53:53
[SPEAKER_02]: Yeah.
53:54
[SPEAKER_02]: And again, yeah, it's it's you need the banking rails of society.
53:58
[SPEAKER_00]: Yeah.
53:58
[SPEAKER_02]: I know there's a lot of people out there that are Bitcoin Maxis and like, oh, the bank's died.
54:01
[SPEAKER_02]: It's like,
54:03
[SPEAKER_02]: There's such a deeper conversation with this, but the whole world economy is built on top of all this leverage and loans and all that stuff.
54:09
[SPEAKER_02]: So like the banking is necessary.
54:11
[SPEAKER_02]: It's just it's all about being like, Hey, just be like a little less greedy share some of the yields share some of the percentages like give back to the people that helped build this great nation, this great world.
54:23
[SPEAKER_02]: Again, we could talk about it for hours, but it's important to know.
54:26
[SPEAKER_02]: And if you're somebody
54:27
[SPEAKER_02]: You know, I feel like to be honest, if you're listening to this podcast or with us on the YouTube, like you're financially educated more than most because you're tuning, taking time to tune into us.
54:36
[SPEAKER_02]: But man, no way you're money sitting.
54:37
[SPEAKER_02]: No, nowhere, nowhere it is.
54:39
[SPEAKER_02]: It's it's it's that we talk about make sure you do your research before investing in anything crypto stocks, whatever, but do your research where you sit your cash, too, right?
54:48
[SPEAKER_02]: Don't don't miss out on on the easy yield, the layups of the financial markets and there's a lot of awesome options out there right now.
54:56
[SPEAKER_02]: and it is stable coins become more prevalent, hopefully that only gets better.
55:01
[SPEAKER_02]: But what in episode, fifty-five minutes in, we're coming up on the hour, something fun, just an absolute, an absolute gem of a topic that's taken over the internet over the last ten days has been the Cracker Barrel logo.
55:17
[SPEAKER_02]: I'm an East Coast travel in the country type of guy.
55:20
[SPEAKER_02]: I fancy a good Cracker Barrel.
55:23
[SPEAKER_02]: I love the country store, the mercantile, you can get some Yankee candles, you get some flat jacks and some bacon.
55:30
[SPEAKER_02]: And I'm a big cracker barrel fan, they changed the logo, everybody was up in arms.
55:35
[SPEAKER_02]: Even the president weighed in, where you just kind of made sure that cracker barrel knew, like, hey, change this logo back and they did.
55:45
[SPEAKER_02]: So if you're on the side of wanting the original logo back, congratulations, everybody, we did it, good work and absolute
55:53
[SPEAKER_02]: just hilarious case study of brand management in marketing.
55:58
[SPEAKER_02]: But somebody, I know somebody in our X was just like, you know, put it on the chart.
56:04
[SPEAKER_02]: We're going to go higher.
56:04
[SPEAKER_02]: This is a catalyst.
56:05
[SPEAKER_02]: So what do you think the cracker barrel logo can do for us in the crypto markets, Brendan?
56:10
[SPEAKER_00]: Yeah.
56:10
[SPEAKER_00]: I mean, if you scroll down right there, it's from TM.
56:12
[SPEAKER_00]: It's the comment right under the picture.
56:14
[SPEAKER_00]: And he tweeted out of saying, guys, throw the logo on the chart.
56:19
[SPEAKER_00]: We need the rip from here.
56:20
[SPEAKER_00]: And we're like, hey,
56:23
[SPEAKER_00]: You ask us, we're gonna deliver.
56:25
[SPEAKER_00]: So we're deeming this the Cracker Barrel call.
56:29
[SPEAKER_00]: And I'm gonna share my screen here and we just gotta go over this.
56:32
[SPEAKER_00]: I mean, it's the Cracker, I think this happened on Tuesday, if I'm not mistaken.
56:37
[SPEAKER_00]: But what we've started to see here and let's throw this up on the chart again, I've plotted it.
56:43
[SPEAKER_00]: We have the Cracker Barrel call.
56:46
[SPEAKER_00]: This happened.
56:47
[SPEAKER_00]: What does it do?
56:48
[SPEAKER_00]: It rips up.
56:49
[SPEAKER_00]: Seventeen almost, eighteen percent to the upside.
56:52
[SPEAKER_00]: coming back a little bit here, but the cracker barrel call caused cracker barrel to rally almost eighteen percent to the upside.
56:59
[SPEAKER_00]: And we saw it nose dive here off the lows.
57:02
[SPEAKER_00]: So what does this mean for Bitcoin and Ethereum?
57:04
[SPEAKER_00]: Well, I'm not saying there's a, this is like correlated, but maybe it's not a coincidence here, Tvo.
57:11
[SPEAKER_00]: When did Bitcoin bottom, Bitcoin bottomed on Tuesday for the cracker barrel call?
57:16
[SPEAKER_00]: When did Ethereum bottom?
57:17
[SPEAKER_00]: It bottomed on Tuesday for the cracker barrel call.
57:20
[SPEAKER_00]: What about Solana?
57:21
[SPEAKER_00]: Solana bottomed and Solana is up, you know, sixteen percent since the cracker barrel call.
57:27
[SPEAKER_00]: So I'm just saying, maybe there's some correlation here.
57:32
[SPEAKER_00]: Cracker barrel gets their old logo back.
57:34
[SPEAKER_00]: The Cracker barrel call goes in the full effect.
57:37
[SPEAKER_00]: Solana's breaking out to new highs.
57:39
[SPEAKER_00]: Bitcoin and Ethereum have bottomed.
57:42
[SPEAKER_00]: There might be some alpha here and some sort of correlation between Cracker barrel.
57:47
[SPEAKER_00]: Bitcoin and Ethereum and Solana in the crypto market.
57:49
[SPEAKER_00]: I don't know.
57:50
[SPEAKER_00]: Look, listen, we have it plotted now.
57:51
[SPEAKER_00]: So we can always go back to Cracker barrel when it happened.
57:54
[SPEAKER_00]: And we know what's going to happen moving forward.
57:56
[SPEAKER_00]: So shout out to our, to our gent on X, who pointed this out to us, because I think he's on something.
58:05
[SPEAKER_02]: That's hilarious.
58:06
[SPEAKER_02]: Ryan just said, is it a stronger signal than the crypto bagel?
58:10
[SPEAKER_02]: I don't know.
58:10
[SPEAKER_02]: I don't know about that.
58:12
[SPEAKER_02]: I don't know about that.
58:12
[SPEAKER_02]: I don't know about that.
58:14
[SPEAKER_02]: I don't know about that.
58:15
[SPEAKER_02]: But it's all in the same direction.
58:16
[SPEAKER_02]: It's for the love of food.
58:18
[SPEAKER_02]: to give us the fuel to go higher bread.
58:21
[SPEAKER_02]: And I think I'm rubbing off on you.
58:23
[SPEAKER_02]: That was a great segment that you put together and I absolutely loved it.
58:27
[SPEAKER_02]: That's what we do here, guys.
58:28
[SPEAKER_02]: We have a ton of fun.
58:29
[SPEAKER_02]: And we also try to educate you and give you all the crypto markets.
58:32
[SPEAKER_02]: Absolutely rocking chat today.
58:35
[SPEAKER_02]: If you guys having yet, please give the video a like.
58:37
[SPEAKER_02]: It really helps us grow.
58:38
[SPEAKER_02]: Bottom right, hit the logo, subscribe.
58:41
[SPEAKER_02]: And then let's do a couple questions.
58:43
[SPEAKER_02]: We had two.
58:44
[SPEAKER_02]: One was I can't remember the exact name, but I remember the question.
58:47
[SPEAKER_02]: She was just like to be
58:48
[SPEAKER_02]: do we want to dive in on eth right now or is it too high do we want to wait again we can't give you like personal financial advice for your situation you need to do your own research and decide what's best for you but you know if you're not exposed and you want to yeah you want to you want to dip your toes in a little bit it's never bad I think kind of our educational process that's not personal financial advice obviously is you know you don't want to ever go on anything all in at once right you want to do your research figure out what
59:18
[SPEAKER_02]: land that you want to make for your trade.
59:20
[SPEAKER_02]: And then as Bryce has taught us, you're playing your trade and you trade your plan.
59:24
[SPEAKER_02]: So if you're not exposed, you might want to think about how to get exposed, but definitely, you know, take your time and do your research.
59:31
[SPEAKER_02]: And that brand, I think you'd agree with that, right?
59:33
[SPEAKER_02]: I would agree.
59:35
[SPEAKER_00]: I would agree.
59:35
[SPEAKER_02]: Love you.
59:36
[SPEAKER_02]: A little bit more Mrs. Seely.
59:38
[SPEAKER_02]: She's with us all the time.
59:39
[SPEAKER_02]: So let's give her some time here.
59:41
[SPEAKER_02]: She's a book reader.
59:42
[SPEAKER_02]: She said she got started on the book.
59:44
[SPEAKER_02]: Community member, longtime subscriber and listener of the pod.
59:47
[SPEAKER_02]: She actually has a pretty interesting question here.
59:49
[SPEAKER_02]: The issue of how the sex will get the CX will get super busy and clogged up during the bull run mania.
59:57
[SPEAKER_02]: Is it just best to swap into USDC and hang out and select activity mellows and then get your money out if you need it.
1:00:04
[SPEAKER_02]: Any tips for Mrs. Seely as a crimp nation member as well who you know when things get a little crazy in those gas fees and shit starts to start flying.
1:00:15
[SPEAKER_02]: What do you think?
1:00:17
[SPEAKER_00]: So usually when centralized exchanges, which is what they're referring to as a sex CEX, usually when those start getting clogged up like coinbase and stuff, you will see an increase in network activity on a lot of those other blockchains.
1:00:33
[SPEAKER_00]: So if you're trying to, if you're trying to transact on Ethereum during a moment like that,
1:00:39
[SPEAKER_00]: Ethereum's network fees are going to go up as well, and that can be pretty expensive.
1:00:44
[SPEAKER_00]: So I don't know if it's necessarily worth it to leave the centralized exchanges to only transact on decentralized exchanges in periods of high activity, because those are the periods where you're going to be getting charged the most on decentralized exchanges, specifically on Ethereum.
1:01:01
[SPEAKER_00]: If you do it on most other blockchains, fees are going to be pretty low.
1:01:05
[SPEAKER_00]: Outside of Bitcoin and Ethereum, they're going to be pretty low pretty fast.
1:01:09
[SPEAKER_00]: on most Ethereum layer twos, on most other layer ones like Solana.
1:01:14
[SPEAKER_00]: It's going to still be really, really cheap, so you're not going to have as much of an issue there.
1:01:17
[SPEAKER_00]: But in periods of high network activity,
1:01:21
[SPEAKER_00]: Typically fees do go up.
1:01:23
[SPEAKER_00]: So that's something to consider.
1:01:25
[SPEAKER_00]: Most of the time I think exchanges are fine.
1:01:27
[SPEAKER_00]: Now if you really want an order to get through and you can't get it thrown on a centralized exchange, then I think you can look at the centralized exchange as an option.
1:01:36
[SPEAKER_00]: Just again, be wary of the fees specifically with probably Bitcoin or Ethereum.
1:01:41
[SPEAKER_00]: Mainly Ethereum.
1:01:43
[SPEAKER_02]: Great stuff, man.
1:01:46
[SPEAKER_02]: That's gonna wrap us home.
1:01:47
[SPEAKER_02]: You answer the last question.
1:01:48
[SPEAKER_02]: I'll take it home.
1:01:48
[SPEAKER_02]: Guys, we appreciate everybody who tuned in today.
1:01:51
[SPEAKER_02]: Again, if you haven't on your way out, please like the video, subscribe.
1:01:55
[SPEAKER_02]: I'm gonna be back tomorrow with Brian that's gonna be at two PM Eastern.
1:01:59
[SPEAKER_02]: So we'll do a little meme coin mania.
1:02:01
[SPEAKER_02]: If everybody on the pod network, you're gonna get that as well, probably Saturday, but if you wanna join us live, it'll be Friday at two PM.
1:02:09
[SPEAKER_02]: Brendan, we appreciate all the knowledge you bring each and every week.
1:02:12
[SPEAKER_02]: I know we have Labor Day Monday, everybody, so we're not going to be here Monday.
1:02:17
[SPEAKER_02]: We'll definitely, depending on how crazy the markets are, maybe we squeeze into, we'll definitely do one, but we just really appreciate everybody who's been listening and growing, and we thank you guys for listening, and tune in next week.
1:02:31
[SPEAKER_02]: Our tune in tomorrow for me and Brian, and then we'll see Brendan again next week.
1:02:34
[SPEAKER_02]: Thanks, everybody, and have a great rest of your day.