Latest / CRYPTO 101 / Crypto Rundown: Where Is Smart Money Going Right Now? Crypto vs AI vs Cash

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Crypto Rundown: Where Is Smart Money Going Right Now? Crypto vs AI vs Cash · CRYPTO 101

0:07
[SPEAKER_01]: Alright everybody welcome back to another crypto rundown.
0:10
[SPEAKER_01]: Big money is making big moves.
0:14
[SPEAKER_01]: And you're in the right place today because we're gonna break it all down from the macro news which there is some to talk about at the top of the show to where the big money is going.
0:23
[SPEAKER_01]: And listen, we've talked about it on the show recently a lot.
0:26
[SPEAKER_01]: It's Morgan Stanley.
0:27
[SPEAKER_01]: The big coin ETF, there's reports that it's going live this week.
0:31
[SPEAKER_01]: Take that data along with a lot of other things that you're going to want to listen to in the show it is I don't you I don't want to say it's a fact Brian.
0:39
[SPEAKER_01]: I want to say I want to say there's like it's it's a fact.
0:44
[SPEAKER_01]: I'm sorry.
0:44
[SPEAKER_01]: I'm going to stay it's a fact.
0:46
[SPEAKER_01]: This is really big money is going.
0:47
[SPEAKER_01]: It's just a fact.
0:48
[SPEAKER_01]: I hate to use that language.
0:49
[SPEAKER_01]: But if you're a retailer that's selling and saying crypto is dead, which is all over the timeline recently.
0:56
[SPEAKER_01]: I have to think you might want to check this show out because it really does kind of tie together.
1:00
[SPEAKER_01]: All the things we've been talking about over the last couple weeks back with some data.
1:04
[SPEAKER_01]: So it's going to be super fun to talk about it.
1:06
[SPEAKER_01]: We've got a double dip this week, Brian and Tvo on Tuesday, Brian and Tvo scheduled to be promoted on Friday this week as well.
1:14
[SPEAKER_01]: So you got us twice this week.
1:17
[SPEAKER_01]: We had a great episode come out if you missed it.
1:20
[SPEAKER_01]: go back, it's with a coin bases ahead of global investment, which I mean, what a pull.
1:27
[SPEAKER_01]: David Duong, great conversation with him.
1:29
[SPEAKER_01]: He kind of explained why the four-year cycle in his mind is not acting like everybody thought it would by extending.
1:37
[SPEAKER_01]: So it was a great interview there and then a little tidbit for everybody.
1:40
[SPEAKER_01]: After we record today,
1:43
[SPEAKER_01]: Bryce Paul's backfokes.
1:45
[SPEAKER_01]: Bryce Paul is coming back from paternity leave super excited.
1:48
[SPEAKER_01]: We have a interview with KPMG one of the big five accounting firms unbelievable like this is what we're talking about Brian Wall Street's coming in.
1:56
[SPEAKER_01]: It's basically what we're going to talk about here.
1:58
[SPEAKER_01]: The big money continues to come in KPMG coming on the crypto 101 podcast.
2:02
[SPEAKER_01]: I'll tell you this when I started was an alley three and a half four years ago when I got brought into the team here.
2:08
[SPEAKER_01]: I never thought we'd be interviewing KPMG.
2:10
[SPEAKER_01]: I'll tell you that Brian.
2:12
[SPEAKER_01]: Welcome.
2:13
[SPEAKER_01]: How are you my friend?
2:13
[SPEAKER_03]: Hey man, I'm doing great.
2:16
[SPEAKER_03]: A lot of exciting things to talk about.
2:18
[SPEAKER_03]: Good to have good old Bryce back.
2:20
[SPEAKER_03]: There are fearless leader.
2:22
[SPEAKER_03]: Literally crushing it in more ways than one, a parenthood and then back into the trenches of the crypto market with us.
2:29
[SPEAKER_03]: So love to have them back.
2:31
[SPEAKER_03]: And I love to be here on the run down with you man.
2:33
[SPEAKER_03]: We'll have some fun.
2:34
[SPEAKER_01]: Yeah, absolutely.
2:35
[SPEAKER_01]: It's going to be a good one.
2:36
[SPEAKER_01]: Not promoted today, but if you are catching the live, give it a thumbs up and let us know where you're watching in from as always.
2:44
[SPEAKER_01]: But to start off the show, there is some macro news to talk about.
2:47
[SPEAKER_01]: We're just going to touch on it quick.
2:49
[SPEAKER_01]: You know, unless you're living under a rock, you've been seeing what's been going on over the weekend.
2:53
[SPEAKER_01]: Obviously with the Warren Iran.
2:54
[SPEAKER_01]: And there seems to be a deadline.
2:56
[SPEAKER_01]: So we're recording this at 2 PM Tuesday, April 7th.
2:59
[SPEAKER_01]: There is a deadline tonight that the President
3:03
[SPEAKER_01]: for, you know, hopefully some negotiations to happen or he's threatening another attack of some sort an aerial raider, whatever.
3:11
[SPEAKER_01]: Again, that's not why you come to this show, but just to touch on it.
3:17
[SPEAKER_01]: I think, you know, I guess the traditional market's closing two hours time, the deadlines at APM,
3:23
[SPEAKER_01]: I don't know.
3:24
[SPEAKER_01]: I mean, it's hard to, it's gambling at this point if you want to take what's going to happen on either side, right?
3:31
[SPEAKER_01]: We always say we don't have crystal ball.
3:33
[SPEAKER_01]: If anybody's telling you they do, unless they're inside the circle of the administration, they do not know what's going to happen by eight o'clock tonight, or what happens when we wake up tomorrow, or these, you know, are these threats backed by an actual plan?
3:45
[SPEAKER_01]: Is this just rhetoric?
3:47
[SPEAKER_01]: We don't know Brian anything to add, but it is something that we wanted to note on the top of the show because we're going to go over what's going on in the market.
3:54
[SPEAKER_01]: It's the price action today and what we see so we don't want to, you know, if something does happen later tonight in this episode is out, you know, we just want to clarify that, you know, there is a hard, a seemingly hard deadline tonight at EPM.
4:06
[SPEAKER_01]: Anything to add there, Brian?
4:07
[SPEAKER_03]: Yeah, I mean, you touched on it.
4:09
[SPEAKER_03]: You don't come here to learn about like, you know, the conflict of Iran and the United States, but obviously it's directly correlated to what we are doing every single day.
4:17
[SPEAKER_03]: And I do not want to make light of this situation because it's a terrible situation that's happening.
4:24
[SPEAKER_03]: Would like to be as far away from that as possible.
4:28
[SPEAKER_03]: I would probably be absolutely freaking out.
4:31
[SPEAKER_03]: Uh, if we heard this from anybody other than Trump and on's truth social because he gets a little bit crazy with those fingers every once a while saying exactly what's on his mind, but don't want to make light of Uh, essentially his threat to Iran.
4:46
[SPEAKER_03]: So we could see some volatile action right around this this deadline that he's posted.
4:51
[SPEAKER_03]: But the market overall.
4:52
[SPEAKER_03]: I know we're going to jump in hasn't seemed to really.
4:56
[SPEAKER_03]: react as sharply.
4:57
[SPEAKER_03]: You know, if this was months ago or when we first got into this conflict or even if it was another administration, we would probably, you know, take pretty hard on any sort of like hard deadline of essentially threatening to, you know, wipe the existence of a country that you're in war with.
5:15
[SPEAKER_03]: So it is not something to take lightly.
5:18
[SPEAKER_03]: I mean, this is the days.
5:20
[SPEAKER_03]: Things like this is the days when we, the fear and greed meter, we should be in that extreme fear.
5:25
[SPEAKER_03]: You know, we were, we were sitting at like a nine extreme fear a few months ago, and it didn't really make a lot of sense, but today with, with obviously some major geopolitical news that we're all kind of like, what the X can happen, we're sitting at a 35.
5:39
[SPEAKER_03]: So I guess my overall take is the market.
5:43
[SPEAKER_03]: I don't want to say it's not taking seriously because everyone should take this very seriously, but the market doesn't seem to be reacting to sharply with this deadline that's going to be happening, but it's definitely something we're going to want to keep close eyes on.
6:00
[SPEAKER_01]: It's hard to compare this to the tariff thing, which we have done on the show, because I think that's what the market is saying, is they've been so, you know, there's people, especially larger, traditional finance hedge funds that got caught so off sides during the tariff run that it's like, all right, he loves his rhetoric.
6:16
[SPEAKER_01]: We've seen him now for, you know, I guess this is year six of a president, you know, two terms, but year six dealing with him at the helm, and markets just, you know, they're
6:28
[SPEAKER_01]: And traditionally, I saw a stat that is for the S&P, but traditionally, over the history of war, the majority of the wars, going back to World War I, the markets have bottomed during the first 10% of the duration of the war.
6:44
[SPEAKER_01]: So, you know, obviously, some wars last, you know, a long time, you know, years, but there's other ones, obviously, in our history of different operations that have lasted months.
6:55
[SPEAKER_01]: And all that aggregate together, the price bottoms of the S&P in the first 10% so I think the only thing we could say on this one is, you know, with this type of, you know, conflict, it doesn't seem like it's going to last years or even possibly a year right.
7:15
[SPEAKER_01]: So the odds are that at least for the S&P history shows odds are the S&P should have bottom probably by now.
7:25
[SPEAKER_01]: But we do not know that we are not in the administration.
7:28
[SPEAKER_01]: We do not have any inside information.
7:29
[SPEAKER_01]: So let's just do what we do here.
7:31
[SPEAKER_01]: It's a crypto one on podcast.
7:32
[SPEAKER_01]: Let's talk markets.
7:33
[SPEAKER_01]: Let's talk news because even through this fog of war, big money is making moves.
7:38
[SPEAKER_01]: That's why you clicked on the thumbnail.
7:40
[SPEAKER_01]: That's what you want to hear.
7:41
[SPEAKER_01]: So let's dive into the price action.
7:43
[SPEAKER_01]: As Brian said, look,
7:44
[SPEAKER_01]: Across the one hour the 24 hour, you know minus 1% nothing really to sneeze at across the board.
7:50
[SPEAKER_01]: No big price movements at all So that leads us to be like, okay, well, what can we talk about there's a lot of stuff going on Around big money moves and let's start with the ETF flows Brian you pulled these stats all tea this up and hand it off to you
8:06
[SPEAKER_03]: Yeah, I mean, this is yesterday, and this is some of the biggest ETF flows that we've seen.
8:11
[SPEAKER_03]: I think in the last month and a half Bitcoin, as you can see, respectively, did about 471 million into a positive ETF flow yesterday, which is huge.
8:21
[SPEAKER_03]: It's a half a billion dollars.
8:22
[SPEAKER_03]: especially when we saw over, you know, a few weeks ago when the fair and green meter and we were all really nervous about things we were seeing a lot of our flows.
8:29
[SPEAKER_03]: Now we're starting to see a lot of it in flows.
8:32
[SPEAKER_03]: And then even Ethereum had over a hundred, I think it was $120 million in inflows.
8:37
[SPEAKER_03]: So this is the biggest inflows that we've seen in a month and a half.
8:40
[SPEAKER_03]: And there's a lot of indicators out there.
8:43
[SPEAKER_03]: You just mentioned the one about the S&P and it's correlated about hitting a bottom at the first 10% of like any sort of conflict.
8:50
[SPEAKER_03]: There's even some things I've read earlier today that Bitcoin's RSI is nearly perfectly copying the end of the 2022 bear market.
8:58
[SPEAKER_03]: So that's really interesting as well.
9:00
[SPEAKER_03]: So there's some indicators here and I'm not calling a bottom because who the heck knows?
9:05
[SPEAKER_03]: I mean, we literally had a sitting president make a pretty direct threat earlier today and I wasn't sure how the market was going to react.
9:11
[SPEAKER_03]: So I can't, this is a little bit different than other other cycles, but it does
9:17
[SPEAKER_03]: We're in this we're in this channel.
9:19
[SPEAKER_03]: We've been talking about in this chop zone and it does feel like it's going to take a lot to really wash us out.
9:24
[SPEAKER_03]: We're seeing we're seeing major players get involved and we're seeing these positive inflows, which is absolutely wonderful to see.
9:31
[SPEAKER_01]: Yeah, let's check out Ethereum to, uh, does you get any theory and stats.
9:35
[SPEAKER_03]: I think if this game all the way to the right, it doesn't come up on the thing if you go all the way to the right, but it's 120 million yesterday.
9:43
[SPEAKER_03]: got it.
9:44
[SPEAKER_03]: Yeah, 118 million.
9:45
[SPEAKER_03]: Yeah, we just saw right there.
9:47
[SPEAKER_03]: But, you know, so a lot of money has has flown, has gone into these ETFs.
9:54
[SPEAKER_03]: So like I said, 47 million, 120, respectively.
9:57
[SPEAKER_03]: And then I know Salon and XRP.
9:59
[SPEAKER_03]: They weren't coming up there.
10:01
[SPEAKER_03]: We're positive as well.
10:03
[SPEAKER_03]: And just another article to kind of just show the block picked up that this is single day inflow record in the last six weeks.
10:10
[SPEAKER_03]: And I know we had some massive inflows initially when the ETFs first came out, we were seen billion dollar days.
10:17
[SPEAKER_03]: But this just seemed like this just seemed like a really impactful number because I think the biggest part of it is is like, why are we seeing these major inflows?
10:28
[SPEAKER_03]: You know, there's not like a really big reason or catalyst that I'm like, oh, yeah, I was expecting to wake up to a half a billion dollars worth of inflows, especially with what we kind of been hearing around, you know, chopping this in the Clarity Act and we've been all this Iran conflict.
10:42
[SPEAKER_03]: So it certainly feels like smart money is trying to get more exposure to our favorite cryptocurrencies.
10:49
[SPEAKER_03]: And I'm here for it, bring it in, buy it up, bring the checkbook because it's time to do it.
10:54
[SPEAKER_01]: Yeah, it's interesting.
10:55
[SPEAKER_01]: You say that because it's an absolute seamless transition to this this is via river and coin desk post it posted it, but it's the I click that it's it's the change of ownership for Bitcoin in Q1226
11:12
[SPEAKER_01]: And to your point, it's some people are using these ETFs to buy up our favorite cryptos.
11:18
[SPEAKER_01]: Well, who's buying and who's selling in Q1?
11:21
[SPEAKER_01]: As you can see here on the right there, individuals are 62,000 selling businesses.
11:26
[SPEAKER_01]: Eat it up and then more, plus 69,000, governments are buying.
11:30
[SPEAKER_01]: It funds and ETFs are a vehicle that they're using there also in the positive.
11:35
[SPEAKER_01]: super interesting.
11:37
[SPEAKER_01]: This is Bitcoin specific.
11:40
[SPEAKER_01]: So surely obviously Sailor has a decent size a number in there for the businesses.
11:45
[SPEAKER_01]: But I think it's interesting to te up what you just said building off of your point, but also to kind of te us up for the next couple topics of where is this going?
11:56
[SPEAKER_01]: And it seems like
11:57
[SPEAKER_01]: big money continues to just pile in and set the guardrails and be there for when this art clarify if this clarity act passes I don't know man is this legislation going to be the launch pad and then clearing up the fog of war is it going to be a launch pad is it the fact that Bitcoin and Ethereum have actually been some of the best performers in this six you know five six week period of the fog of war it like you start kind of figuring it out
12:27
[SPEAKER_01]: It's it is looking like a good setup and I think we have to say hey, we're the crypto one on podcast Yes, maybe we're a little bias, but the numbers don't lie the numbers don't lie So we see the individual selling in Q1 businesses governments funds and ETFs They're buying and then who's who's launching who's launching you know crypto products
12:50
[SPEAKER_01]: the traditional finance the huge wall street.
12:53
[SPEAKER_01]: This is the big the one of the big dogs Morgan Stanley finally we saw a report.
12:58
[SPEAKER_01]: It's like it looks like the Morgan Stanley spot Bitcoin ETF could go live tomorrow.
13:03
[SPEAKER_01]: That's per blue per Bloomberg.
13:05
[SPEAKER_01]: Bloomberg, and when this goes live, it will be, if I'm not mistaken, Brian, the first Bitcoin ETF by a bank.
13:13
[SPEAKER_03]: I believe in this is spot, which is really interesting as well.
13:17
[SPEAKER_03]: This is spot Bitcoin.
13:19
[SPEAKER_03]: So this is going to be a huge signal in my eyes.
13:22
[SPEAKER_03]: Yeah, it's it's the first major Wall Street bank to offer a spot Bitcoin ETF.
13:26
[SPEAKER_03]: So this is going to open huge floodgates for massive Traditional finance inflows.
13:31
[SPEAKER_03]: This is something we've been talking about for over the past year year and a half is how big these big banks these big institutions are continuing to buy in a choir crypto And this is an absolutely huge move.
13:43
[SPEAKER_03]: I think again, it kind of goes a little bit under the radar
13:47
[SPEAKER_03]: because you know there's enough fun out there that people want to talk about but this is an absolutely huge move by Morgan Stanley.
13:55
[SPEAKER_03]: I love to see it.
13:55
[SPEAKER_03]: I think this is awesome that this isn't just another ETF.
13:59
[SPEAKER_03]: I think everybody needs to understand that because it's correlated with this spot Bitcoin.
14:04
[SPEAKER_01]: It's a great point and again I just I think Morgan Stanley is such a traditional and so people might not like this I guess but it's just the
14:15
[SPEAKER_01]: the amount of money that they manage, it's hard to equate to some of the smaller players on Wall Street.
14:23
[SPEAKER_01]: These are, you know, Morgan Stanley might be the firm to bring the space ex-IPO, right?
14:29
[SPEAKER_01]: Like we're talking about truly into truly these dollars and they're making, we cover this on the last show, but they're making sure that their spot ETF is the lowest fees
14:42
[SPEAKER_01]: Money managers are going to have no qualm of saying hey we're going to start allocating you to a little bit of Bitcoin We're going to use the Morgan Stanley one.
14:49
[SPEAKER_01]: It's the best in class the lowest in fees Oh something that we've said similar to the black rock ETF and have their money managers pitch the black rock ETF But they aren't the lowest in fees, but maybe they make the argument hey we were a leader in the space We're the first to market.
15:04
[SPEAKER_01]: We have the most secure.
15:05
[SPEAKER_01]: We have the most liquidity But I think that's that's the most
15:08
[SPEAKER_01]: Interesting thing, I think it will be the liquidity, right?
15:10
[SPEAKER_01]: It's like, hey, how much liquidity is in this spot ETF?
15:15
[SPEAKER_01]: Is it going to bring in options players?
15:17
[SPEAKER_01]: Is it going to bring in enough liquidity to be getting people in and out?
15:21
[SPEAKER_01]: Or is it more of a buy and hold play for a longer term?
15:25
[SPEAKER_01]: I don't know, it's it's fascinating to cover, but again, just to just to kind of recap, it's like, hey,
15:31
[SPEAKER_01]: Who's buying?
15:33
[SPEAKER_01]: Morgan Stanley wants to buy who's selling retail?
15:36
[SPEAKER_01]: Yeah, I don't know.
15:37
[SPEAKER_01]: I don't know.
15:37
[SPEAKER_01]: You don't always want to be on the same boat as retail, even though I will say retail is traded really well over the last couple beers as a whole.
15:43
[SPEAKER_01]: There's some really cool stats on that.
15:45
[SPEAKER_01]: And then just to add in, we talked about this last week with the Citadel wanting to become a crypto bank, I'm as they file for federal crypto bank charters, but it was just this graphic I saw.
15:55
[SPEAKER_01]: I just gave it a retweet because it really kind of just,
15:58
[SPEAKER_01]: Uh, it's, it's some, it gave it a summary so good with just, you know, a couple logos.
16:03
[SPEAKER_01]: It's like, who wants to become a crypto bank, Citadel, fidelity, Charles Swab, EDX.
16:07
[SPEAKER_01]: I'm like, man, crazy, crazy how far we've come for all this stuff.
16:12
[SPEAKER_01]: And I, I think it kind of goes to the point.
16:15
[SPEAKER_01]: If I, if we talk about it again, I'll bring this graphic back up.
16:18
[SPEAKER_01]: It's like, hey, who wants to own crypto, who wants to own this space?
16:24
[SPEAKER_01]: And this shows you businesses, governments.
16:27
[SPEAKER_01]: and the individuals are flooding out so it's it's an interesting it's an interesting dance but that that's kind of the topic here is like hey big money moves that's the title of the youtube video that's the title that's the thumbnail you saw so it's like hey who's making big money moves Morgan Stanley's leading the way this week but a plethora companies want to get into the space and continue to build so Brian what what are your thoughts on kind of the summary of
16:53
[SPEAKER_03]: Yeah, I mean, you nailed it.
16:54
[SPEAKER_03]: I mean, the proofs are in the putting right here.
16:55
[SPEAKER_03]: We're seeing big players, big institutions, big, big amount of juge amounts of money.
17:01
[SPEAKER_03]: I think Morgana Stanley is like 16,000 advisors or something I read earlier today.
17:06
[SPEAKER_03]: And I want to clarify, when we say spot Bitcoin ETF, that means the fund must hold a buy and hold real actual Bitcoin in custody to issue shares for it.
17:17
[SPEAKER_03]: So that's a tremendous name, a tremendous amount of advisors that are going to be involved.
17:24
[SPEAKER_03]: And there's other major brands out there that do that.
17:27
[SPEAKER_03]: You know, BlackRock does that, I believe, a fidelity does that gray scale, bitwise arc, you know.
17:33
[SPEAKER_03]: But it's great to see Morgan Stanley jump into that boat.
17:35
[SPEAKER_03]: And then these are just huge names here.
17:38
[SPEAKER_03]: When you show up that graphic of the bar graphic of institutions buying in retail essentially selling,
17:44
[SPEAKER_03]: I'll tell you this much.
17:45
[SPEAKER_03]: I'm trying to keep the boat afloat for us individuals.
17:49
[SPEAKER_03]: I'm dollar cost average again.
17:51
[SPEAKER_03]: I'm doing everything I can, but I'm only one guy out here.
17:55
[SPEAKER_03]: Not financial advice, but I do like to follow kind of where, you know,
18:00
[SPEAKER_03]: The business is the government, the funds and ETFs, the people that probably have a little bit more inside knowledge about some things, have a good grasp about some things, what's fun, what's not, and what they're doing.
18:11
[SPEAKER_03]: I don't think these businesses, governments, countries, millionaires, billionaires, funds, ETFs, wherever you want to go, are buying Bitcoin to sell tomorrow, to sell in a couple months.
18:21
[SPEAKER_03]: So this is getting zoom out long-term play.
18:23
[SPEAKER_03]: I get it nobody like volatility in the moment, but personally I feel like there will be a time when we we find that local bottom and then we start grinding back up grinding back up and then everyone started to pay attention a little bit those retail investors.
18:38
[SPEAKER_03]: Uncle Dawn in Pittsburgh, so you'll be calling me a little bit again, asking me if it's time to buy Bitcoin, but we're going to probably be all well in our way to that next rocket ship.
18:47
[SPEAKER_03]: I'm feel pretty good about where the market is to be honest with you.
18:50
[SPEAKER_03]: I wish the price is higher, but we got a lot of issues out there, shaking some dollars out, but it does feel like it's stabilized.
18:58
[SPEAKER_03]: And now we're getting more and more indications with these ETF flows with these major banks that want to become crypto banks.
19:05
[SPEAKER_03]: We've got Morgan Stanley's of the world getting involved.
19:08
[SPEAKER_03]: It's not like we're making this up.
19:10
[SPEAKER_03]: You know, we're not just like, you know, good on the most bullish headlines in crypto.
19:14
[SPEAKER_03]: This is really happening right now.
19:18
[SPEAKER_03]: It's happening right now.
19:19
[SPEAKER_03]: It should make everyone feel a little bit more comfortable holding their bags in my opinion.
19:24
[SPEAKER_03]: because this is smart money.
19:25
[SPEAKER_03]: This is people that really have an understanding of where the economy is going.
19:29
[SPEAKER_01]: Great points.
19:30
[SPEAKER_01]: I think, yeah, we're not Googling the best of the best crypto news to give to you.
19:35
[SPEAKER_01]: Where we do we scour it, we try our best and to this point on the individual selling one thing, a data point that I saw recently, probably a couple of weeks ago.
19:45
[SPEAKER_01]: was I can't remember if we brought it up on the show but it was the the prediction market odds that Bitcoin would fall under 50k this year and it rocketed upside I think it was like 60 65% which again is it's it's possible right a lot of the technicians were looking at what 42 is the next level if we break here we're going straight down to 42.
20:06
[SPEAKER_01]: So again, there's there's people that you know chart it and think and bulls and bears and that's what makes a market But I thought it was really interesting while we're you know the in the 60 to 70 range of Just the overwhelming majority now things are going below 50 and that kind of again as you've heard me say on the show I don't like to be on the same side of the boat is everybody else
20:27
[SPEAKER_01]: Um, and I think this kind of graphic that we have up still shows that is the individuals are selling Individuals are starting to bet we're under 50 so again could that happen?
20:36
[SPEAKER_01]: Absolutely.
20:37
[SPEAKER_01]: Absolutely But it starts to maybe be a crowded trade a little bit
20:42
[SPEAKER_01]: and as again Morgan Stanley's watching spot Bitcoin ETFs and then you know who else is buying nonetheless the Mike Sailor he's always buying right it's a perpetual buy this comment down here made me laugh by coin terminal this this isn't a position anymore it's a black hole
20:59
[SPEAKER_01]: That's like it's just it literally on repeat with this guy and then of course Tom Lee Tom Lee approaching Basically at 4% he's uh, you know, bitmind They have said that they are going for the alchemy of 5% They just bought another 4.8 million dollars of Ethereum this week as well.
21:18
[SPEAKER_01]: So
21:19
[SPEAKER_01]: Again, final reference to that graphic is who's buying businesses, governments, who's selling individuals.
21:27
[SPEAKER_01]: So again, we'll see that's what makes a market, the buys and sells, the bulls and the bears.
21:32
[SPEAKER_01]: And we'll see when the dust settles, it'll be interesting to see what the next major move is.
21:39
[SPEAKER_01]: We've been covering this, we've been saying it, hey, the fundamentals are leading, and the price is not, and so when that, when will that fund, our when will the price catch up to the fundamentals is something that we're always looking out for kind of changing changing tune here we'll go over to some stable coins, I saw that circle shows Salana to become ground zero for their stable coin min.
22:03
[SPEAKER_01]: So I thought that was interesting of circle choosing Salana.
22:07
[SPEAKER_01]: I feel like there's, um,
22:08
[SPEAKER_01]: You know, there's obviously tons of change to choose from, but it kind of, at least from the blue chip, you know, mega caps, mega cap standpoint, it's, you know, Ethereum versus Solana and circles had a lot of a lot in the news lately.
22:21
[SPEAKER_01]: So they chose Solana, does that get you excited, Brian, would it, or anything, or just kind of, is this no news, cool news, what do you feel about this?
22:30
[SPEAKER_03]: Yeah, this is cool news, man.
22:32
[SPEAKER_03]: I'm a Solana guy, too.
22:34
[SPEAKER_03]: You know, I see a lot of paths for certain blockchains to really carve out their niche.
22:39
[SPEAKER_03]: And this is great.
22:40
[SPEAKER_03]: Circles in absolute enormous company.
22:44
[SPEAKER_03]: So with them partnering with Solana, Solana's not going anywhere either.
22:48
[SPEAKER_03]: I mean, we usually, when we even talk about CoinMarket Cap, I talk about with our community, the three cryptos, there's some other ones.
22:54
[SPEAKER_03]: Obviously, but the three crypto is I really talk about our Bitcoin Ethereum and so on or to just get a frame of where the macro, where the majors are with the crypto market is for good reason.
23:05
[SPEAKER_03]: So to see a circle, make this adoption to the son of blockchain is amazing.
23:11
[SPEAKER_03]: So we're going to see how this continues to go.
23:12
[SPEAKER_03]: This certainly is not bad for our so on of eggs.
23:16
[SPEAKER_01]: No, we just had a conversation go out recently with the Sloan Foundation, so another great episode.
23:23
[SPEAKER_01]: I've been on a couple of rounds of how, you know, we're always looking for builders in this market, right?
23:27
[SPEAKER_01]: And the crypto 101 podcast is certainly continues to build.
23:30
[SPEAKER_01]: If that's a heavy, heavy hitters.
23:32
[SPEAKER_01]: uh... come on the program recently and staying with circle uh... they throw their hat in the ring uh... with a quantum resistance blockchain road map so this is all the rage right now it's the popularity of hey we've got answers to quantum we've got you know it's everybody's got a road map for quantum to break bitcoin and everybody's got a road map to protect themselves against quantum uh... again i think this is something that
23:57
[SPEAKER_01]: is worth keeping track of over the coming months and years because again it seems to be a narrative that is taken over our space and everybody in anybody is going to try and get kind of the sound bite out there that we have a quantum road map and then you know it's up to kind of the people that that are experts in this to kind of break it all down.
24:16
[SPEAKER_01]: Brian as our resident quantum experts does this get you get you excited.
24:20
[SPEAKER_03]: Yeah, I guess there's a lot of talk around this quantum computing for good reason it's something we really need to be taking seriously and it needs to be addressed and not just in the crypto markets across all of these, you know, platforms and companies, the one big difference between certain blockchains are more quantum resistant certain blockchains are a little bit farther ahead with their quantum resistance implementation.
24:45
[SPEAKER_03]: Bitcoin isn't the most vulnerable to quantum computing as well.
24:50
[SPEAKER_03]: Hopefully everyone can understand that.
24:52
[SPEAKER_03]: There's only a few million addresses that could actually be impacted, but the big problem with that and with this whole quantum computing with Bitcoin is that there's no CEO.
25:02
[SPEAKER_03]: We've talked about this around Bitcoin.
25:04
[SPEAKER_03]: They have solutions.
25:05
[SPEAKER_03]: Let's just use Satoshi's coins for instance.
25:09
[SPEAKER_03]: his millions of coins, people are like, well, that's an available address that could essentially, you know, get hacked through quantum computing and what's get happened and they do have paths.
25:18
[SPEAKER_03]: There's a path where they can fork the chain, there's a path where they could burn those tokens, there's a path and there's a path I guess they could figure out how to how to move them.
25:27
[SPEAKER_03]: But they have solutions here.
25:28
[SPEAKER_03]: The biggest issue is not so much
25:30
[SPEAKER_03]: the technical solution issue of making fixing this.
25:34
[SPEAKER_03]: It's more just the psychology of we need like everybody kind of needs to get aligned with how they're going to fix this.
25:41
[SPEAKER_03]: But I do believe that this will come to fruition in a lot of these implementations will come about with the more and more big players to get involved.
25:52
[SPEAKER_03]: the circles, the arcs, the cooling bases, the Ethereum foundations.
25:55
[SPEAKER_03]: We're here more and more people talk about it.
25:58
[SPEAKER_03]: It is not something I promise you right now.
26:00
[SPEAKER_03]: I will come on this rundown and tell you when we're supposed to be scared of quantum computing because I'm the quantum computing expert.
26:07
[SPEAKER_03]: That's a little tongue and cheek there.
26:09
[SPEAKER_03]: But I watched this space pretty closely because I do see this, this could be a threat in 2020, not in according to Google Research Paper 2030 to a lot of people, but there is a path, there's a solution here, and with all these big names, like I said, the arcs of circles to Coinbase is the Ethereum foundations, and there's way more people out there, they're taking this seriously.
26:31
[SPEAKER_03]: I think this is going to be a book on the right, or
26:34
[SPEAKER_03]: radar.
26:35
[SPEAKER_03]: We're going to get we're going to get over this and it's not like it's ever again.
26:38
[SPEAKER_03]: Never even happened.
26:40
[SPEAKER_03]: but it's a great headline.
26:42
[SPEAKER_03]: It's a great way to get clicks.
26:45
[SPEAKER_03]: scare people with quantum computing because nobody really fully, unless you go down fully understands what the challenge is with quantum computing and what the issue could be.
26:55
[SPEAKER_03]: And like I was saying earlier, Bitcoin's quantum challenges are more social than technical.
27:00
[SPEAKER_03]: It's not a technical issue.
27:02
[SPEAKER_03]: There's a handful of solutions they have.
27:04
[SPEAKER_03]: It's just everyone really needs to get aligned.
27:07
[SPEAKER_03]: And I think that's going to happen.
27:08
[SPEAKER_03]: There's enough big black rocks later thinks not going to let everyone, you know, he's going to call everyone in a room and be like, you're not allowed to leave until we have this figured out and I agree.
27:17
[SPEAKER_03]: That's going to happen.
27:18
[SPEAKER_01]: That's where I was going to take it was it's like, you know, as much as.
27:22
[SPEAKER_01]: The decentralization of the space is what brings in a lot of people and maybe that's why a lot of whales, you know, we've seen a lot of dormant wall, it's white right wake up and sell a lot of Bitcoin and maybe that's, you know, they they found their price and they're ready to get out maybe it's because, you know, some of these Wall Street people are coming in, they don't want to be a part of that.
27:41
[SPEAKER_01]: Um, that's a possibility as well, but I will say is for this quantum problem.
27:45
[SPEAKER_01]: It's like, dude, you got black rock.
27:47
[SPEAKER_01]: You got more than Stanley coming in now.
27:49
[SPEAKER_01]: We've got Franklin Templeton, Charles Schwab.
27:52
[SPEAKER_01]: It's uh, it's going to be these these businesses have to deal with the quantum threat on so many different levels.
27:59
[SPEAKER_01]: Just like any business will just like individuals will, right?
28:03
[SPEAKER_01]: It's all of our, you know, accounts of anything can, you know, be hacked by this stuff.
28:09
[SPEAKER_01]: So if it really is 2029, 2030, you're going to start seeing a lot of businesses kind of be thought leaders around this on how they're going to do it and how they're going to protect their own businesses and their own funds and their own online banking.
28:22
[SPEAKER_01]: Because again, once Bitcoin is a threat,
28:25
[SPEAKER_01]: the entire financial system is a threat.
28:27
[SPEAKER_01]: So these upgrades in this work and quantum is going to be going on nonstop.
28:31
[SPEAKER_01]: And then by that point, there's going to be stuff that even before it needs to be done, there's probably going to be test studies and there's going to be lessons learned and these these, you know,
28:42
[SPEAKER_01]: Tusions are like you said gonna lead the way and you know, yeah, it could there be a split Absolutely, but when when that time comes you're gonna be at least have all not all the information But a lot of information from all the thought leaders, you know the Michael Salars the world the Larry things the Morgan Stanley is to see where this thing lies and where it's going
29:02
[SPEAKER_01]: So again, I think it's a it's a time of learning.
29:05
[SPEAKER_01]: It's a time of growth and it's going to be exciting to cover and that's what we were what we're here to do a crypto 101.
29:10
[SPEAKER_01]: So any final thought.
29:13
[SPEAKER_03]: Yeah, my final thought is, is I would be a lot more concerned if people were just jamming crap down our throat telling us it wasn't something we needed to worry about or we're going to push this off.
29:24
[SPEAKER_03]: But there's people actively looking to solve the technical issue and it really from what I can tell there are some real solutions here.
29:32
[SPEAKER_03]: It's just getting everybody aligned.
29:33
[SPEAKER_03]: And I think just to reiterate what I said new said, I think with all these big name players there, that will happen.
29:40
[SPEAKER_03]: But it's a great way to get clicks on articles.
29:42
[SPEAKER_03]: It's a great way to get clicks on videos.
29:44
[SPEAKER_03]: We know that because because when people hear quantum computing and what it's scary, when you really look at it at face value, but when you dig into the details, they go away.
29:54
[SPEAKER_03]: There's a solution here.
29:56
[SPEAKER_03]: There's a solution to fix this and I think it's going to happen, but we'll be reporting on it, you know, uh, every time that I'm pretty much on here, you're on here, we'll be talking about it.
30:06
[SPEAKER_03]: I'm not getting caught off guard with any quantum computing crap.
30:09
[SPEAKER_03]: I'm working too hard.
30:10
[SPEAKER_03]: You know, it's fact.
30:11
[SPEAKER_03]: My Bitcoin distract my crypto.
30:13
[SPEAKER_03]: So we'll keep you in the loop as much as we can.
30:16
[SPEAKER_03]: But I think this isn't as big of a deal as what some of these articles are making it out to be, but we're starting to get some pro quantum articles too, like this right here.
30:25
[SPEAKER_01]: and be excited to learn about it because again it's the same thing what's more scary like learning about quantum computing and the effects it could have in the world or you know when you first learned about the government the money printer and inflation once you swallow that burger it's like hey you can learn anything to protect your your sovereignty and your funds so dive into it be excited for the future you know that that's kind of what we all got into the space work to begin with right so I think it's more more exciting than not and I
30:54
[SPEAKER_01]: And I think you got to be aware if you have any friends I would challenge anybody if you talk to them or bring up the quantum threat and somebody just immediately goes, oh, that's not a threat.
31:03
[SPEAKER_01]: It's all it's all just headlines.
31:05
[SPEAKER_01]: It's all just headlines an opinion to have but like I would challenge that person and and you know wonder why they don't even want to learn about it, you know what I mean.
31:15
[SPEAKER_01]: I think it might want to be careful if
31:16
[SPEAKER_01]: Yeah, many, whether it's an influencer or somebody you respect in the space or a friend that just, you know, brushes it off, I think it's something that you need to kind of keep tabs on and learn as, and I think the cool thing about this is there's obviously people who are way smarter than us, that understand this stuff that are going to be thought leaders, but I think everybody's learning together.
31:35
[SPEAKER_01]: Like the space is going to learn together.
31:38
[SPEAKER_01]: And again, again, there's probably going to be multiple thoughts around this.
31:42
[SPEAKER_01]: So,
31:42
[SPEAKER_01]: What better place to learn then here at the crypto one-on-one podcast as we all ways learn together keeping in the stable coin I'm going back to the poly market decentralized Market here.
31:55
[SPEAKER_01]: Let's see poly market is ditching US DC and launching its own stable coin.
32:00
[SPEAKER_01]: Did you see this?
32:01
[SPEAKER_01]: I thought you might like this.
32:02
[SPEAKER_01]: I put it on here today
32:04
[SPEAKER_03]: I did see this and I think I'm going through I don't want to get this completely wrong but I think they're going through some upgrades as well for this and they're going to like wipe orders and like I think if you have a they're going to like wipe order books clear for a while and uh if you have like a bot that'll probably get wiped out as well so it's a pretty big announcement it's probably fueling a lot of like speculation like how that they're
32:30
[SPEAKER_03]: but Pauli market's continuing to evolve.
32:34
[SPEAKER_03]: I think it's on the sheet somewhere, but they're absolutely printing money right now.
32:38
[SPEAKER_03]: These predictions markets, and there's a lot of controversy around them as well.
32:44
[SPEAKER_03]: We've touched about this as well, but yeah, this is a big upgrade here, and it's super interesting news, something we're going to be watching really closely.
32:53
[SPEAKER_01]: Yeah, I think I wonder, I wonder, I don't have any incineration, but once this stable, sorry, the clarity act goes through a lot of the focus is on stable coin rewards and what can you do with it?
33:05
[SPEAKER_01]: And I don't know if this would be kind of locked into a positioning for that to say, hey, we're actually going to launch our own stable coin because then we kind of have an insight, you know, and I'm not saying they have an inside track or not.
33:18
[SPEAKER_01]: But clearly, you know, the rise to start I'm that Shane and Pauli Markin just all betting markets are maybe there's people that have a little information for them.
33:27
[SPEAKER_01]: And it's saying, hey, this is what we think is going to be the rules of the road for stable coins.
33:32
[SPEAKER_01]: And then maybe that it's something that they can kind of like we saw on Kalshi, right Brian?
33:36
[SPEAKER_01]: It was like you can get some, uh, you can get some yield from your, your, uh, your account.
33:42
[SPEAKER_01]: And so maybe that's something they're looking at.
33:44
[SPEAKER_01]: Like, hey, once we figure out the rules of the road, the Clarity Act and Stablecoins, we could offer something while also making some money too.
33:50
[SPEAKER_01]: So again, I don't have an idea of what that could be other than some type of field of rewards for your idle cash or maybe the cash that you lock up for a debt that won't clear for a year.
34:02
[SPEAKER_01]: That would be interesting as well.
34:05
[SPEAKER_01]: So
34:05
[SPEAKER_01]: Stuff that again.
34:06
[SPEAKER_01]: We're just going to keep noting here whenever we see something worth talking about.
34:10
[SPEAKER_01]: That's what we do.
34:10
[SPEAKER_01]: We bring it up.
34:11
[SPEAKER_01]: And then funny enough, friend of the show is Jamie crypto diamond looking into prediction market something you threw on the sheet.
34:21
[SPEAKER_03]: Yeah, Jamie prediction and Diamond's back at it right here and it looks like they're interested.
34:27
[SPEAKER_03]: I mean, for good reason, these these prediction markets, everyone's calling right now, Jim and I, Coinbase, and you know, Love or Mercatum, he is saying that they're going to rule out.
34:36
[SPEAKER_03]: If they go in this direction, which if he's talking about it now, they're definitely going in that direction.
34:42
[SPEAKER_03]: Guys, most calculated interviewer of all time, either rolling out two sectors and I believe that sports in politics,
34:49
[SPEAKER_03]: You know what they're probably going after like the crypto trading on these prediction markets like Bitcoin's five-minute price Bitcoin's price by the end of the day.
35:00
[SPEAKER_03]: They get massive action.
35:02
[SPEAKER_03]: It's essentially perps What you're doing and and even that one of our live events we were just showing people polymeric outwork And we did a five-minute price action change and it felt like the everybody in the audience was like loving it It's just catching a lot of steam here and these prediction markets
35:19
[SPEAKER_03]: are still making money hand over fist.
35:21
[SPEAKER_03]: Yeah, is that the tweet from Tyler?
35:23
[SPEAKER_03]: Let me bring it up here.
35:25
[SPEAKER_03]: It's 65 million last week for Pauli Market, 293 last week for Calcy, and they're driving a billion dollars per week in crypto market volume.
35:36
[SPEAKER_03]: So it's a big driving factor.
35:39
[SPEAKER_03]: So if JPMorgan and Jamie Diamond are saying, hey, we're interested in prediction markets.
35:44
[SPEAKER_03]: They're interested because there's a lot of money there and there's an interest.
35:48
[SPEAKER_03]: So the prediction market super cycle still lives on
35:52
[SPEAKER_01]: uh... one of your calls one of your calls and unbelievable call you were really really related to stuff uh... and it's been fun it's been fun to dive in uh... and get some plays i know like you said when we had that in person uh... with with our uh... our team uh... the the audience was just locked into the you know what you guys do an hour like big coin price for an hour or was it five five minutes
36:17
[SPEAKER_03]: I think it was a five minute trade.
36:20
[SPEAKER_03]: I got to go back and do that.
36:22
[SPEAKER_01]: People were wondering how did it play out.
36:24
[SPEAKER_01]: I can't believe, so maybe it was an hour or something.
36:27
[SPEAKER_01]: I don't know.
36:27
[SPEAKER_01]: Maybe it was time to be like, do we win the bet?
36:30
[SPEAKER_01]: Did we win the bet?
36:32
[SPEAKER_03]: You're right.
36:32
[SPEAKER_03]: It was like three p.m. Eastern time or something.
36:35
[SPEAKER_03]: I remember Joe actually executed the trade on my account.
36:38
[SPEAKER_03]: And we did win whatever it was.
36:40
[SPEAKER_03]: But we didn't get all the order filled or anything.
36:42
[SPEAKER_03]: You know, we were doing it live.
36:43
[SPEAKER_03]: We were just showing people how it worked.
36:45
[SPEAKER_03]: And we took like a little vote in the audience and I find it into advice nobody was also didn't involve this as my own personal funds and They brought it we brought a winner, you know, and we'll probably do more fun things like that in person and utilize these prediction markets because
37:00
[SPEAKER_03]: it is it is gambling I mean I know like you know it is gambling to one point, but you know there's a lot of action there there's a lot of interesting ways to possibly farm a token they're making a lot of money they're bringing a lot of opportunities and then you can get some killer information on them so I love the prediction markets I do think that they probably need to you know knock off some like there's a few issues out there with insider trading and some of the markets that they open but you know
37:25
[SPEAKER_03]: someone more powerful and more involved in me will work all of that out.
37:29
[SPEAKER_03]: I'm just here for the the fun.
37:31
[SPEAKER_01]: We'll do it live.
37:32
[SPEAKER_01]: That's what we do here.
37:33
[SPEAKER_01]: We do it prediction markets with people.
37:36
[SPEAKER_01]: We do it live here on YouTube and we thank everybody for joining us.
37:39
[SPEAKER_01]: I had some people trickling in and out, really appreciate everybody joining the live.
37:43
[SPEAKER_01]: Again, give it a thumbs up if you can, bottom right if you're new, hit the subscribe button.
37:47
[SPEAKER_01]: We do this multiple times a week and we love everybody that joins us.
37:52
[SPEAKER_01]: Let's see, what else do we got here to cover?
37:55
[SPEAKER_01]: Well,
37:56
[SPEAKER_01]: I don't know.
37:57
[SPEAKER_01]: We might as might be one of our last shows because apparently Bitcoin's going to zero Brian.
38:02
[SPEAKER_01]: Once again, there's a viral clip.
38:04
[SPEAKER_01]: A new one.
38:05
[SPEAKER_01]: A new one.
38:06
[SPEAKER_01]: Diary of a CEO podcast.
38:08
[SPEAKER_01]: Really great listen.
38:09
[SPEAKER_01]: But there was a viral clip going around in the last 24 hours of this thesis of why Bitcoin's going to zero.
38:17
[SPEAKER_01]: And it was a little bit of a newer one at least one that hasn't circulated for a while.
38:20
[SPEAKER_01]: So let's tune in and then we can debate on the back end.
38:24
[SPEAKER_01]: I wanted to come back to something you actually said earlier, you talked about Bitcoin briefly.
38:27
[SPEAKER_02]: Yeah, I've heard you say that you think Bitcoin's going to zero.
38:30
[SPEAKER_03]: Yeah.
38:31
[SPEAKER_02]: Okay, this is worrying.
38:32
[SPEAKER_02]: I think I have some Bitcoin.
38:34
[SPEAKER_02]: You're an economist.
38:35
[SPEAKER_02]: Yeah.
38:35
[SPEAKER_00]: You're saying that Bitcoin is going to zero.
38:37
[SPEAKER_00]: Why?
38:38
[SPEAKER_00]: Because ultimately, because of its romance on the energy.
38:40
[SPEAKER_00]: I mean, I, you know, you're doing your next, your next cars are in Stacey Herbert.
38:44
[SPEAKER_00]: Did they met them at all?
38:45
[SPEAKER_00]: No.
38:46
[SPEAKER_00]: They were sort of the original prosthletises for a good bit coin and they're now living in, I think I'll solve it all, which is adopted bit coin as a form of currency.
38:56
[SPEAKER_00]: When they told me about Bitcoin, I could have bought it for a pound of a bit coin, which would have been a bloody, maybe wealthy than you have done that.
39:11
[SPEAKER_00]: So each transaction requires 10 minutes of computer processing time globally, but it looks of it, to actually create an extra Bitcoin.
39:21
[SPEAKER_00]: And that means it's too expensive for somebody to try to break the ledger.
39:25
[SPEAKER_00]: That means it's got a huge requirement for energy use.
39:28
[SPEAKER_00]: And I...
39:30
[SPEAKER_00]: believe knowing what I know from climate scientists that at some point we're going to realize we're using far too much energy on the planet.
39:38
[SPEAKER_00]: We've got to cut the energy consumption and the two ways you're things to cut out to reduce energy consumption, a crypto currency is an international travel.
39:48
[SPEAKER_03]: What a wrap up tell me tell me you could have bought Bitcoin at one pound and didn't you know tell me tell me that there's a little bit of hate there That's I make that's the number one.
40:00
[SPEAKER_01]: That's the number one thing about that argument.
40:02
[SPEAKER_01]: It's like, wait.
40:02
[SPEAKER_01]: This has been your thesis since Bitcoin was a dollar
40:06
[SPEAKER_01]: So yes, it's technically your wrong like you've already been proven wrong.
40:11
[SPEAKER_01]: We went up, you know, 120,000 since you had this thesis, so you're wrong and then just like on the back end for me, it's like, you know, you're so climate, the climate, you know, scientists say we're going to have to cut out international travel and
40:25
[SPEAKER_01]: Bitcoin that's like that's your two things internet like I can't go I can't go to Europe But I can't really do Euro summer and I can't have my Bitcoin this guy I don't know who he is.
40:36
[SPEAKER_01]: I should look I should have looked that up.
40:38
[SPEAKER_01]: That's a that's a ding-on-me Because clearly to be on a show like that you got to be somebody
40:44
[SPEAKER_01]: Um, but Brian break it down.
40:46
[SPEAKER_01]: You had a great tweet.
40:47
[SPEAKER_01]: Uh, you know, really put some time.
40:49
[SPEAKER_01]: And if you're not following us on on X.
40:51
[SPEAKER_01]: Make sure you do because we're always having a lot of fun on there.
40:53
[SPEAKER_01]: But break down your thesis.
40:54
[SPEAKER_01]: I'll try and find out who this guy is.
40:56
[SPEAKER_03]: Yeah, well, to start things off, this is why I go to crypto 101 podcast Twitter account to find information because I didn't even see that viral tweet going around until I got I alert from crypto 101 and I don't chime in a lot on Twitter because, you know, I save it for the rundown in our community, everything but this, this just kind of, uh,
41:16
[SPEAKER_03]: This got me a little bit because it's like 22 all over again, you know, let's scare some people with quantum computing and tell everyone that, you know, cryptocurrency and Bitcoin isn't green enough and it's taking all the energy away it's a real point, it's a fair point by this guy about energy and energy matters that's absolutely the truth, but Bitcoin mining is already running on over 50% of sustainable energy.
41:43
[SPEAKER_03]: So that's one big thing, and we're becoming more and more efficient with that power, getting better every single year.
41:52
[SPEAKER_03]: So the efficiency continues to keep getting better.
41:56
[SPEAKER_03]: We're already utilizing over 50% of sustainable energy, and what was the article?
42:01
[SPEAKER_03]: I looked on a Cambridge April 2020 25 study since one of the newest studies.
42:08
[SPEAKER_03]: So that means a ton whenever you're looking at this because we're using this 50% renewable energy which would have otherwise probably gone to waste at the end of the day.
42:19
[SPEAKER_03]: So this is a really interesting take by the economists that he's kind of going after cryptocurrencies and also will be very difficult.
42:26
[SPEAKER_03]: The US government and a lot of people around the world have been trying to kill cryptocurrencies for years when they realize they couldn't kill Bitcoin anymore.
42:33
[SPEAKER_03]: They started to embrace and get now we're seeing major institutions buying
42:36
[SPEAKER_03]: So, energy is, I think I put energy's proof of work, and efficiency keeps getting better every year, and big coins not going anywhere.
42:45
[SPEAKER_03]: There was even a really good tweet, a guy, Stella Blue, who also jumped in and talked about this as well, and what he said makes some really good points, but this tweet is absolutely overblown in my opinion.
42:58
[SPEAKER_03]: I'm not aligned with this, I understand how valuable energy is and how we need to become more efficient.
43:06
[SPEAKER_03]: But the banking system, gold mining, all these other legacy systems take up way more energy than Bitcoin could even dream.
43:14
[SPEAKER_03]: And they're not even utilizing all this sustainable energy that would go to waste of Bitcoin's using now.
43:20
[SPEAKER_01]: Great points.
43:21
[SPEAKER_01]: I love you calling out Stella Blue.
43:22
[SPEAKER_01]: We always appreciate when people interact.
43:24
[SPEAKER_01]: I told Stella Blue.
43:25
[SPEAKER_01]: I want to give him a shout out on the pod.
43:27
[SPEAKER_01]: So he says this is from a friend of the show, Stella Blue.
43:30
[SPEAKER_01]: He's not wrong.
43:31
[SPEAKER_01]: Fundamentally, however, Bitcoin can't be stopped, but he's on to something.
43:34
[SPEAKER_01]: And it's why Bitcoin is so valuable.
43:37
[SPEAKER_01]: Ultimately, Bitcoin is power and in the end energy will be money, which,
43:42
[SPEAKER_01]: is a, again, that's not a new take.
43:46
[SPEAKER_01]: It's something that I think at Elon Musk is kind of danced around that.
43:49
[SPEAKER_01]: And what we're seeing now with all these AI agents is that's what you're paying for.
43:53
[SPEAKER_01]: Your credits equal, you know, a run of your AI agent, which is based off the consumption of what's the energy a cost to run the AI agent.
44:02
[SPEAKER_01]: So this whole credit system, what's the future of money, money's energy?
44:08
[SPEAKER_01]: It's a great,
44:10
[SPEAKER_01]: Again, it's a great conversation to have and I think something that I really enjoyed Stella Blue saying at the end here is, you know, just kind of a great overall thing to look at the space.
44:20
[SPEAKER_01]: So plenty of smart people can care less about it and absolutely don't care, but more importantly,
44:25
[SPEAKER_01]: people hate change and having to learn something new.
44:27
[SPEAKER_01]: A secret of life is embracing the challenge of learning new things.
44:32
[SPEAKER_01]: We are still early, but the writing is on the wall.
44:35
[SPEAKER_01]: It's basically a great summary of this whole episode.
44:38
[SPEAKER_01]: What we just said was,
44:46
[SPEAKER_01]: again it's that you're not as early as day one clearly there's been plenty of other cycles but if you're somebody that's new into the space in the last year and maybe the price action uh you're looking at it and saying I'm going to take my ball and leave you know you got to make your own financial decisions no doubt but it is very interesting to be in a space before the Morgan Stanley's of the world before the black rocks came into the world right and so again embrace new things embrace the challenge of learning uh and it's going to be uh
45:13
[SPEAKER_01]: and you're in the right spot.
45:15
[SPEAKER_01]: I'll tell you, somebody's in the right spot.
45:16
[SPEAKER_01]: Asi Murray, Asi Murray said he's sub.
45:19
[SPEAKER_01]: Thank you, Asi.
45:19
[SPEAKER_01]: Where are you from, bud?
45:20
[SPEAKER_01]: Yeah, we got Andy.
45:22
[SPEAKER_01]: Andy's here from Liverpool.
45:24
[SPEAKER_01]: Um, and so, uh, I can't pronounce that one, but I know he's on Twitter because he was sending me new, uh, new art.
45:31
[SPEAKER_01]: Uh, what's that name?
45:32
[SPEAKER_01]: Chun.
45:33
[SPEAKER_01]: Chun was sending me old art that he says I should replace my Bitcoin Mona Lisa with something.
45:40
[SPEAKER_01]: I guess because I was getting yelled at in the last episode.
45:42
[SPEAKER_01]: So, friend of the show, Chun, great to see you guys in the chat, been really fun having everybody.
45:48
[SPEAKER_01]: Last point, we didn't get to it on the momentum, money makers update, but I saw that giant plushie, Pudgy Penguin, taking over, I don't know, is that New York City in the background?
46:00
[SPEAKER_01]: And then I just got peppered with ads for the giant hen-gooplush.
46:06
[SPEAKER_01]: Brian, are you getting one for the kids?
46:08
[SPEAKER_03]: I'm not, man, that thing's too big.
46:10
[SPEAKER_03]: I don't even know what I would do with it.
46:11
[SPEAKER_03]: Like, it's, you know, that is an aggressive size plushy.
46:16
[SPEAKER_03]: I'm sure people are buying it.
46:18
[SPEAKER_03]: I mean, this just goes to show you.
46:20
[SPEAKER_03]: We talk about this a lot that Pengu, the Pajji Penguans brand.
46:24
[SPEAKER_03]: It's one of my favorite, like, brand and meme coins out there.
46:27
[SPEAKER_03]: And it's certainly got whacked down with the rest of the market.
46:31
[SPEAKER_03]: But they're continuing to just
46:33
[SPEAKER_03]: produce content games videos TV series these giant plushies you're starting to see more more people about it and even back to our boy Stella blue that tweet I went to go look at his I just I just made him a friend on Twitter because I was kind of vibe and with the stuff he was talking about he's talking about health as well and then he had pengu in his title of that his ex account and I was like oh this is my guy
46:59
[SPEAKER_03]: It's so he had great take and love the same supporting the Pengu token, but this just goes to show you that the Pengu and teams They continue rolling stuff out a hand over fist and I love to see it We're in a bear market.
47:13
[SPEAKER_03]: We're in a market where you know We're talking about geopolitical stuff and on chain activity
47:18
[SPEAKER_03]: Feels as low as it's ever been it really does you know I'm a meme coin guy I'm a brand coin guy.
47:24
[SPEAKER_03]: I love myself some AI agents, but people aren't speculating as much because we're all just kind of watching the market What direction it's gonna go?
47:31
[SPEAKER_03]: But people still want to speculate I can guarantee you that and there's gonna be the next wave of momentum that we're all gonna be and I have some ideas of what that could be But I don't think Pengo is gonna be left behind.
47:44
[SPEAKER_03]: They're just too big of a brand right now
47:47
[SPEAKER_03]: and they continue to produce, you know, likable, strong content.
47:51
[SPEAKER_03]: That's not just focused on the crypto world.
47:54
[SPEAKER_03]: This is focused on, I mean, I guess, whoever wants to join Pudji, let me kick it back over to you and ask you where you put in your join Pudji.
48:04
[SPEAKER_01]: kind of won't.
48:05
[SPEAKER_01]: I think we will, we will set a price target.
48:09
[SPEAKER_01]: Let's pull up our pen good chart.
48:11
[SPEAKER_01]: Let's set a price target and if we hit, if we hit a price, if we hit a price, we're going to buy one or two pen good players.
48:21
[SPEAKER_01]: What are we going to do right now?
48:22
[SPEAKER_03]: I mean, I'll buy one if it's a price right.
48:25
[SPEAKER_01]: I'll buy one for sure.
48:26
[SPEAKER_01]: I'll buy one too.
48:27
[SPEAKER_01]: So one for one for the
48:31
[SPEAKER_03]: My wife's gonna kill that, if we're right, when this thing shows up, but I'll have to show her what our Pengu bag looks like.
48:37
[SPEAKER_01]: Penguins share this tab instead.
48:40
[SPEAKER_01]: Uh, and of course I hit the wrong tab.
48:42
[SPEAKER_01]: I hit close to it.
48:43
[SPEAKER_01]: Sorry.
48:43
[SPEAKER_01]: Juggling a lot here.
48:44
[SPEAKER_01]: It's hard to host cohost and do the production sometimes.
48:47
[SPEAKER_01]: But I try my best for the people.
48:50
[SPEAKER_01]: Uh, let's go one year.
48:51
[SPEAKER_01]: Woof.
48:52
[SPEAKER_01]: All right.
48:52
[SPEAKER_01]: We're building this base here.
48:54
[SPEAKER_01]: We're building a nice base where we found a floor.
48:56
[SPEAKER_01]: There's the menu plushie.
48:58
[SPEAKER_01]: Maybe should we do this live?
49:00
[SPEAKER_01]: Should we do this live on Friday?
49:02
[SPEAKER_01]: A little teaser.
49:03
[SPEAKER_01]: Anyway, think about it.
49:04
[SPEAKER_01]: And we do it live.
49:07
[SPEAKER_03]: All right, I like that.
49:08
[SPEAKER_03]: We're sitting right around $400 million mark a cap.
49:11
[SPEAKER_01]: Okay.
49:11
[SPEAKER_01]: So everybody is listening from the back end of the show.
49:15
[SPEAKER_01]: Brian and I are going to be back on Friday at 1 PM Eastern.
49:18
[SPEAKER_01]: I believe it's going to be pushed.
49:19
[SPEAKER_01]: We should have a little bit more of a lively or chat.
49:22
[SPEAKER_01]: Hopefully we have good news and the markets are green and there's some peace and love in the world.
49:27
[SPEAKER_01]: Because we all know that peace and love is much better than the alternative and it feels like we need some.
49:32
[SPEAKER_01]: So I'm hoping for a fun Friday and I think this could be a fun event.
49:35
[SPEAKER_01]: So if you're listening now, make sure you come if you can't join us live, comment on Spotify or go on our Twitter, let us know what price target you want Brian and I to buy a preview plush.
49:48
[SPEAKER_01]: And we will set that and then we'll figure it out live together on Friday.
49:52
[SPEAKER_01]: Once we hit it, Brian and I will be buying a Pengo plush.
49:55
[SPEAKER_01]: So a fun little game here for the Crypto 101 podcast.
50:00
[SPEAKER_01]: Any final thoughts Brian as we wrap up today.
50:03
[SPEAKER_01]: We got Ozzy from Canada.
50:05
[SPEAKER_01]: I asked for Ozzy's from Canada or lovely Naples from the North.
50:09
[SPEAKER_01]: We've got Liverpool across the pond another international show.
50:13
[SPEAKER_03]: We're just all over the globe, man.
50:16
[SPEAKER_03]: They're trying to get rid of the international travel.
50:19
[SPEAKER_03]: He's taken away two of our biggest, two of our biggest claims to fame here.
50:24
[SPEAKER_03]: Bitcoin.
50:25
[SPEAKER_03]: And then obviously when we go international together, we're going to be like celebrities.
50:29
[SPEAKER_03]: because there's so many people, we can't go anywhere.
50:32
[SPEAKER_03]: I mean, there's this boy.
50:33
[SPEAKER_01]: Yeah, this boy and I feel like we're going to start getting recognized in the street.
50:37
[SPEAKER_01]: There were the international men in mystery over here.
50:40
[SPEAKER_03]: This guy's trying to take that away from us.
50:41
[SPEAKER_03]: So it's making me even more angry at that clip.
50:44
[SPEAKER_01]: But that is not your final thought.
50:46
[SPEAKER_01]: That is our final thought.
50:47
[SPEAKER_01]: I should have found who this guy was before we started.
50:50
[SPEAKER_01]: So was Professor Steve Keene,
50:55
[SPEAKER_01]: Financial he so apparently Stephen Bart let it's not dire.
50:59
[SPEAKER_01]: No, Stephen Bart let's the host of the direvist CEO.
51:02
[SPEAKER_01]: Steve keen.
51:04
[SPEAKER_01]: So Steve keen is famous for predicting the 2008 crash.
51:08
[SPEAKER_01]: He's a professor, the world's first rebel economist to predict the 2008 financial crisis years before it happened based on his proprietary data software Rival, which I'm sure you want you to subscribe to
51:21
[SPEAKER_01]: He has spent over 30 years as an academic and is currently visiting scholar at the University of Amsterdam.
51:27
[SPEAKER_01]: So Steve likes to party.
51:30
[SPEAKER_01]: find Steve at the cost of the city center campus or is he in the red light district campus let me know Steve.
51:39
[SPEAKER_01]: But the professor again I I okay so you got to appreciate his perspective and given the respect that he deserves he did call apparently the 2008 crash but I will say they make movies about people who call crashes.
51:52
[SPEAKER_01]: when they put their money where their mouth is and we all know the famous Michael Barry movie the big short.
51:58
[SPEAKER_01]: I'm so interested to see if Steve Keene worked with those guys maybe they helped use the software not something I can research and find out immediately on the show.
52:08
[SPEAKER_01]: But again, just a little clarity of who that was saying that big coins going to zero.
52:13
[SPEAKER_01]: Maybe he did have a wonder if he did help those guys and they they pay to
52:20
[SPEAKER_03]: I need, I need more info.
52:21
[SPEAKER_03]: We need to get this guy on a debate podcast.
52:24
[SPEAKER_03]: You know, he's way smarter than I could ever dream, but I need to get him on a debate podcast because I need to know why plucked out, you know, he's picking on international travel and Bitcoin.
52:34
[SPEAKER_03]: Out of all the things that eat energy, that's what he's going after.
52:37
[SPEAKER_03]: It just seems, it feels like a, a, a, a, a, a, a, a, a with a capital F and his claim to fame was about 20 years ago.
52:47
[SPEAKER_03]: So,
52:47
[SPEAKER_03]: Uh, you know, if it was two years ago, some big call crash calls, maybe I'd be more receptive.
52:52
[SPEAKER_03]: I don't know.
52:53
[SPEAKER_03]: I'm a hater.
52:53
[SPEAKER_03]: I'm a hater on this guy a little bit.
52:55
[SPEAKER_03]: You know, I don't like anybody challenging when it doesn't seem like it lines up with the actual facts, but we'll we'll see.
53:02
[SPEAKER_03]: We'll see Steve.
53:03
[SPEAKER_03]: We'll see how this happens.
53:04
[SPEAKER_03]: Uh, I like the camp.
53:06
[SPEAKER_03]: I'm in.
53:07
[SPEAKER_01]: Yeah, I'm trying to think.
53:10
[SPEAKER_01]: I put a quick Google and it's Steve Keane make money on 2008 crisis call.
53:16
[SPEAKER_01]: Nothing came up off of a quick Google, but he did receive the Revere War in 2010 for his foresight.
53:27
[SPEAKER_03]: I mean, I'm not saying he's not a smart guy.
53:29
[SPEAKER_03]: He doesn't force out.
53:30
[SPEAKER_03]: Well, he's probably had some wrong picks out there as well.
53:33
[SPEAKER_01]: He's a paper professor.
53:35
[SPEAKER_01]: Steve.
53:35
[SPEAKER_01]: This is a deeper dive by you have to preface which AI you're using now Brian.
53:39
[SPEAKER_01]: I didn't know if you knew that.
53:41
[SPEAKER_01]: Now that we're international figures, you have to say which AI you're using.
53:46
[SPEAKER_01]: So this is.
53:46
[SPEAKER_01]: Google's deeper AI, Google AI, deeper dive here.
53:50
[SPEAKER_01]: Professor Steve Keen did not profit financially from the market, from a market bet, on the 2008 crisis, instead he famously lost, lost, uh-oh, I profiled way.
54:02
[UNKNOWN]: Steve!
54:02
[SPEAKER_01]: Steve Steve Steve I'm just prefacing which I am using Brian.
54:08
[SPEAKER_01]: I'm just saying he famously apparently not that famous Because we haven't heard about it, but according to Google he famously lost a hope high profile wager Regarding its impact on the Australian housing market
54:22
[SPEAKER_01]: While he correctly warned in 2005 that the rising private debt would trigger a global crash, his specific prediction at the Australian House prices would drop by 40% failed to materialize.
54:37
[SPEAKER_01]: the wager in November 2008 keen bet McGuire group strategist Roy Robertson that the housing price would plummet 40% prices instead reached new highs by late 2009 leading keen to officially lose the bet.
54:52
[SPEAKER_01]: The penalty as the loser keen had okay so it was a friendly wager keen had to complete a 224 kilometer trek from Cannebara to the summit of nine we're going to pronounce that
55:07
[SPEAKER_01]: Okay, so there's more of an academic bet.
55:10
[SPEAKER_01]: I guess so, but I don't know.
55:12
[SPEAKER_01]: He could have rode the big short and made a lot of money with that But he got his award.
55:19
[SPEAKER_01]: He leased an academic.
55:20
[SPEAKER_01]: He got his academic award.
55:21
[SPEAKER_01]: I'm not trying to pile on the Steve Keene here, but O for one with the big short O for two big coin out of dollar.
55:28
[SPEAKER_01]: So I don't know.
55:28
[SPEAKER_01]: I guess place your bets
55:31
[SPEAKER_03]: I'm not I'm not trying to I'm not trying to keep score here, but it sounds like he's down by two goals and He's in a little bit of trouble right now.
55:38
[SPEAKER_03]: That's that's not helping if that's not helping this case with me.
55:42
[SPEAKER_01]: Me a lot He's weren't it, but we'd love to have him on our show professor Steve Keene open invitation Healthy debate friendly debate
55:50
[SPEAKER_01]: We'd love to have him on because again, he's obviously super accomplished in his field and he's on the podcast diave CEO, which is a huge show So congrats to him On that appearance and congrats on going viral.
56:03
[SPEAKER_01]: That's what it's all about in the content game You poke and pull and push and and you got you got a little viral clip there, Steve.
56:09
[SPEAKER_01]: So again, we'd love to have you on the show
56:11
[SPEAKER_01]: That'll wrap us up for today.
56:12
[SPEAKER_01]: Brian took the over on the 30 minutes.
56:14
[SPEAKER_01]: Almost a double.
56:15
[SPEAKER_01]: We're pushing up on an hour.
56:16
[SPEAKER_01]: That's what we do here at Ryan and see about the buttery as voices on the internet.
56:22
[SPEAKER_01]: Whick writer says.
56:24
[SPEAKER_01]: He's an ingination interesting.
56:27
[SPEAKER_03]: Shout out to that buttery company.
56:29
[SPEAKER_03]: That buttery comment.
56:30
[SPEAKER_03]: We were joking about earlier between the show.
56:32
[SPEAKER_03]: Never was my Pittsburgh accent so nasally been called buttery, but whoever wrote that.
56:37
[SPEAKER_03]: Tivo shared that with me and I was like we we kind of get hung up on the hate comments every Morning awhile, but this is what I'm gonna put a smile on my face never in my life That's something I was gonna I was gonna leave a show with it.
56:50
[SPEAKER_01]: I was gonna leave off the show with it on Friday I still mic cuz it's Friday vibes and we gotta stop my hot
56:55
[SPEAKER_01]: But we'll end this show.
56:56
[SPEAKER_01]: Shoutout Holy Whale.
56:56
[SPEAKER_01]: We'll see if you listen to the whole episode today.
56:59
[SPEAKER_01]: But we're gonna start off with some positive vibes on Friday.
57:01
[SPEAKER_01]: We call on us butter voices.
57:03
[SPEAKER_01]: Unbelievable.
57:04
[SPEAKER_01]: We appreciate the love, especially after some harsh, harsh eight comments.
57:08
[SPEAKER_01]: But that's gonna do it all for us today.
57:10
[SPEAKER_01]: Hey, we had it done.
57:11
[SPEAKER_01]: It's on a different people stop in today, really appreciate everybody joining the live.
57:14
[SPEAKER_01]: Thank you as always for listening to the audio.
57:17
[SPEAKER_01]: We really appreciate you guys.
57:18
[SPEAKER_01]: We're going to be back Friday live at 1pm EST.
57:21
[SPEAKER_01]: We're going to cover some news hopefully it's a good vibes Friday, but that's all for today and we'll see you then.
57:27
[SPEAKER_01]: Bye bye everybody.