Latest / CRYPTO 101 / Crypto Rundown: Where Are We in The Cycle, Facts Around Altcoin Season, & Top Meme Coin Trades Now!

Transcript

Crypto Rundown: Where Are We in The Cycle, Facts Around Altcoin Season, & Top Meme Coin Trades Now! · CRYPTO 101

• 0:07
  [SPEAKER_00]: Alright everyone, welcome back to the crypto run down where we talk about everything that's happening in the great crypto and blockchain markets.
• 0:15
  [SPEAKER_00]: From the technicals on the charts to the fundamentals and the news, we spend the time doing hours of research so that you all don't have to, and of course, we bring it to you all completely for free.
• 0:26
  [SPEAKER_00]: So if you're brand new here and this is your first time, welcome.
• 0:29
  [SPEAKER_00]: Make sure you check us out over on YouTube.
• 0:31
  [SPEAKER_00]: We're going to have lots of visuals that you can watch, lots of charts that you can see, lots of articles as well.
• 0:37
  [SPEAKER_00]: And the only way to view that is on our YouTube channel.
• 0:40
  [SPEAKER_00]: So if you're coming in from Spotify, Apple, podcast, audible anywhere else,
• 0:44
  [SPEAKER_00]: Check us out on YouTube.
• 0:45
  [SPEAKER_00]: We do these market updates and these run down to multiple times a week.
• 0:49
  [SPEAKER_00]: We also have all sorts of crypto tutorials, podcasts, episodes, special guests, you name it.
• 0:54
  [SPEAKER_00]: We're here to make sure that you all stay informed on everything happening in the crypto market.
• 0:59
  [SPEAKER_00]: And we've got a really great rundown in store for all of you today because we have on several other members of the analyst team.
• 1:07
  [SPEAKER_00]: It's going to be a special episode.
• 1:08
  [SPEAKER_00]: We're going to talk about just the overall state of the crypto market.
• 1:12
  [SPEAKER_00]: Where are we in this market cycle?
• 1:14
  [SPEAKER_00]: How much further can we have to go?
• 1:16
  [SPEAKER_00]: Are we in this full-fledged altcoin season and what altcoin should we be paying attention to?
• 1:21
  [SPEAKER_00]: And we want to dive into some of these narratives.
• 1:24
  [SPEAKER_00]: So normally on the show, we talk just about the news and some of the charts.
• 1:27
  [SPEAKER_00]: We're also going to be talking about what's happening in more of like the meme coincident things and the meme market and some of these more momentum plays.
• 1:36
  [SPEAKER_00]: So we brought in one of our specialists who focuses on that and we brought in another one of our analysts who is just heavily
• 1:43
  [SPEAKER_00]: You know, dove and into the fundamental side of things as well.
• 1:47
  [SPEAKER_00]: So we have a lot of different articles that we want to break down.
• 1:49
  [SPEAKER_00]: We have a lot of things in store for all of you.
• 1:51
  [SPEAKER_00]: And we say this ahead of time just so that you all can understand and expect what's to come here because it's going to be a little bit of a longer episode because there's so much to go through.
• 2:01
  [SPEAKER_00]: But I promise you it's going to be action packed and I want everyone to make sure that you turn those phones on silent.
• 2:06
  [SPEAKER_00]: You buckle up for this episode.
• 2:08
  [SPEAKER_00]: because it's going to be a big one.
• 2:09
  [SPEAKER_00]: So real quick, before we begin, we're going to be talking about a lot of really sensitive data.
• 2:14
  [SPEAKER_00]: So I want to go through a quick series of disclaimers and disclosures before we get into that and before we introduce the team.
• 2:21
  [SPEAKER_00]: So bear with me, everyone.
• 2:23
  [SPEAKER_00]: Before we begin here, nothing that we say is financial or investment advice.
• 2:27
  [SPEAKER_00]: We're not financial or investment advisors over here.
• 2:30
  [SPEAKER_00]: in all the content is strictly educational in nature.
• 2:34
  [SPEAKER_00]: Now, it should go without saying, but we have exposure to a bunch of different crypto assets and potentially even the ones that we're going to be talking about during this live session that we got going on right now.
• 2:45
  [SPEAKER_00]: All the opinions here are strictly our own.
• 2:47
  [SPEAKER_00]: They are not representations of any company.
• 2:50
  [SPEAKER_00]: And the crypto market is extremely risky in volatile, which is why you should never be trying to trade or invest or risk more than you can afford to lose.
• 2:59
  [SPEAKER_00]: And finally, be aware of scammers and impersonators.
• 3:02
  [SPEAKER_00]: We're never going to be DMing you about investment opportunities.
• 3:06
  [SPEAKER_00]: And we're never going to be trying to send you to any kind of third party messaging app like discord or WhatsApp or telegram or anything like that.
• 3:13
  [SPEAKER_00]: So stay safe, stay aware and buckle up everyone because it's going to be a big one.
• 3:18
  [SPEAKER_00]: But Tivo is our leading super producer over here.
• 3:21
  [SPEAKER_00]: Tivo go ahead and kick us off because we got just a time to talk about.
• 3:25
  [SPEAKER_01]: Yeah, it's fun to talk about on the ton of people are here.
• 3:27
  [SPEAKER_01]: Good afternoon, everybody.
• 3:28
  [SPEAKER_01]: If you're first time hearing my voice and seeing my face, some of you're from inside the community.
• 3:32
  [SPEAKER_01]: Greetings, my name's Tvo.
• 3:34
  [SPEAKER_01]: I'm the producer.
• 3:34
  [SPEAKER_01]: So I handle all the media around the podcast, the YouTube, come in some stuff in the community.
• 3:38
  [SPEAKER_01]: Like if you guys attended the crypto community summit and the hedge fund summit that we put on this week, you know, that's all my kind of behind the scenes work.
• 3:47
  [SPEAKER_01]: And that's why sadly Bryce isn't joining us today.
• 3:50
  [SPEAKER_01]: He, he was there all three days, which I'm sure some of you were as well.
• 3:53
  [SPEAKER_01]: That was a great event, but I kind of bring it with your kind of people that listen to the podcast obviously know who I am by now.
• 4:00
  [SPEAKER_01]: But if you're new, basically what I do is I'm always coming through X. I'm coming through the news.
• 4:04
  [SPEAKER_01]: I'm coming through the business television shows and I kind of put the show together that you guys are going to watch today called the crypto run down and we do it every week and it's basically just going to give you all the high level breaking news, all the great stuff that you need to know.
• 4:16
  [SPEAKER_01]: And it's a great add on to the awesome
• 4:19
  [SPEAKER_01]: And deep diving information that Brendan gives you with technical analysis and the charts, row heat gives you with his research every week with the newsletter and the team as they all pile in and create, you know, the coins of the week and the stuff that you read about each week and then obviously Brian and Joe are our crypto Navy seals aka the momentum money makers.
• 4:38
  [SPEAKER_01]: That's our full team here.
• 4:40
  [SPEAKER_01]: And this is kind of a special episode that we're really bringing everybody together.
• 4:43
  [SPEAKER_01]: You have the YouTube community, the podcast community, and now the crypto nation community kind of all converging onto YouTube.
• 4:50
  [SPEAKER_01]: So it should be exciting.
• 4:51
  [SPEAKER_01]: But we've got a couple great guests here.
• 4:53
  [SPEAKER_01]: We got Brian and Roheet Brian.
• 4:55
  [SPEAKER_01]: What's going on, brother?
• 4:56
  [SPEAKER_02]: What's up, everyone?
• 4:57
  [SPEAKER_02]: Happy to be here.
• 4:58
  [SPEAKER_02]: Fire it up.
• 4:59
  [SPEAKER_02]: We're going to talk about meme calling to get talk about NFTs.
• 5:02
  [SPEAKER_02]: We'll have a good time today.
• 5:04
  [SPEAKER_01]: and Roheed, how are you for out my friend?
• 5:06
  [SPEAKER_03]: I'm looking forward to talking about work at cycles where we are in this cycle right now.
• 5:11
  [SPEAKER_01]: Yeah, I think I saw Mrs. Seely asked already for a question about market cycles.
• 5:17
  [SPEAKER_01]: So it's coming up, it's coming up at the end of the show.
• 5:19
  [SPEAKER_01]: We got a lot of people in the chat.
• 5:20
  [SPEAKER_01]: Optimus, we've got DJs.
• 5:23
  [SPEAKER_01]: We've got David, along with some of our faithful people that are here each week.
• 5:27
  [SPEAKER_01]: Those are some new names that I saw.
• 5:29
  [SPEAKER_01]: So if anybody's new, before we jump right in on the bottom right of your screen, you're going to see our crypto one on one podcast logo.
• 5:35
  [SPEAKER_01]: If you don't mind hitting that, that's going to help you subscribe.
• 5:37
  [SPEAKER_01]: It's going to support the channel to help you keep bringing these free shows or and then if you haven't yet, give the video a like and we're going to jump right into it.
• 5:45
  [SPEAKER_01]: So I think the way we want to start off this show is
• 5:48
  [SPEAKER_01]: I think that we can all agree from from our team and just if you look at any chart like we're in a bull market it's been an awesome couple months it's been a great you know year plus especially the new year here obviously there's always going to be volatility but we're in a bull market guys and I think the last twenty four hours the biggest thing that I've seen is a lot of
• 6:08
  [SPEAKER_01]: a lot of politics political jargon but it's all geared towards the momentum of the crypto markets we really don't try to get to political on the show but when you are the most powerful country in the world and every every powerful person in this administration of the most powerful country in the world seems to be talking about crypto it's something that you should take notes we're going to run through a couple clips here a couple tweets and then we're going to have the team kind of bounce around a discussion of where we are in the bull market and how we feel this is
• 6:35
  [SPEAKER_01]: a little bit different with the momentum from the administration.
• 6:38
  [SPEAKER_01]: That's clearly the president of the United States kind of always has been giving his thumbs up to crypto and then yesterday, yeah, Treasurer's secretary Scott Basin.
• 6:46
  [SPEAKER_01]: So he was on TV and he actually said the quote that we're not looking to buy any Bitcoin and then the
• 6:53
  [SPEAKER_01]: The Twitter sphere got a hold of him and kind of made some noise.
• 6:57
  [SPEAKER_01]: And then he put out this tweet later in the day where the treasury is committed to exploring budget neutral pathways.
• 7:03
  [SPEAKER_01]: I'm to acquire more Bitcoin.
• 7:05
  [SPEAKER_01]: Brendan, I'm going to toss this to you first because we literally talked about this a couple of days ago on our other rundown episode.
• 7:10
  [SPEAKER_01]: We're wondering, you know, what's the plan?
• 7:12
  [SPEAKER_01]: Are they still working on it?
• 7:13
  [SPEAKER_01]: We haven't heard them talk about it for a while.
• 7:16
  [SPEAKER_01]: And I think that's was the initial pop of the sentiment was so negative when that TV clip him came out saying they're not doing anything.
• 7:23
  [SPEAKER_01]: And then sure enough, you know, four hours later, he has to tweet this out as a retraction because the, you know, the crypto party administration came knocking on his office.
• 7:32
  [SPEAKER_00]: Yeah, you know, I think there's, there's two sides to this.
• 7:34
  [SPEAKER_00]: There's this story where they came out and a lot of people had been hoping for this.
• 7:39
  [SPEAKER_00]: They have this expectation of
• 7:42
  [SPEAKER_00]: If we're going to be the crypto capital of the world, which is what they keep saying and flunting, they're pushing this narrative that we are going to be by far the most crypto-friendly crypto capital of the world, how can we say that?
• 7:53
  [SPEAKER_00]: And then say, we're not going to actually accumulate these assets, right?
• 7:57
  [SPEAKER_00]: We have no accumulation plan.
• 7:59
  [SPEAKER_00]: It seems a bit hypocritical.
• 8:01
  [SPEAKER_00]: And so people were getting a little bit frustrated.
• 8:03
  [SPEAKER_00]: And they were kind of barking at them a little bit saying, hey, let's accumulate these things.
• 8:07
  [SPEAKER_00]: Let's put our money where our mouth is.
• 8:09
  [SPEAKER_00]: And so that came out in the interview.
• 8:11
  [SPEAKER_00]: And I think they realized that.
• 8:14
  [SPEAKER_00]: And they're like, hey, you know, you all are right.
• 8:17
  [SPEAKER_00]: And people aren't asking for any kind of crazy thing.
• 8:19
  [SPEAKER_00]: You know, they're not saying we need to buy a trillion dollars worth of Bitcoin a year or anything absurd.
• 8:24
  [SPEAKER_00]: But they're just saying, hey, give us something that we can kind of look forward to and something that shows that, you know, we really do want to get serious about crypto and there's been a ton and I mean an absolute ton of work.
• 8:36
  [SPEAKER_00]: And that is kind of going towards the crypto industry, lots of great adoption.
• 8:41
  [SPEAKER_00]: And so people were looking at this, they barked in crypto kind of show.
• 8:44
  [SPEAKER_00]: Like, hey, we have some suena.
• 8:46
  [SPEAKER_00]: We have some power now.
• 8:47
  [SPEAKER_00]: And another example of that TV was we saw that happen with Google earlier this week, just about two days ago, where Google was talking about removing some crypto wallets and apps off the app store.
• 8:58
  [SPEAKER_00]: They got a ton of backlash instantly.
• 9:01
  [SPEAKER_00]: And they said, OK, like, whoa, like we didn't know it had this much
• 9:05
  [SPEAKER_00]: attention and power behind it.
• 9:07
  [SPEAKER_00]: And they saw how many people were upset about it and they said, hey, you know, we won't do it.
• 9:11
  [SPEAKER_00]: We'll use off of this thing.
• 9:13
  [SPEAKER_00]: And so I think what we can tell from both of these situations is that the, you know, call it the crypto army, the crypto community, whatever you want to say, you know, the investors behind crypto now.
• 9:25
  [SPEAKER_00]: are growing in size, but also like growing in power to like where we kind of have somewhat of a say behind this.
• 9:32
  [SPEAKER_00]: And I think it also helps that the administration, the current administration, they do seem to genuinely care about the crypto market.
• 9:40
  [SPEAKER_00]: At least through the actions and stuff that we've seen here in recent months, it's been really crypto-friendly.
• 9:46
  [SPEAKER_00]: You know, arguably, not even arguably, I'd say it's by far the most crypto-friendly adoption and regulation that we have seen in any presidency.
• 9:54
  [SPEAKER_00]: It's good to see that our voices are heard and I think that's something that a lot of crypto investors and crypto traders felt like they missed in previous years is they didn't feel heard and now the sudden you know we they say something the crypto industry responds they say hey thanks for your input on this let's come to a happy medium where we can kind of both win and have this win win situation so
• 10:19
  [SPEAKER_01]: Yeah, the past with Gary Ginsler, and we've had a lot of fun on the show with last year was the fire Gary Ginsler clips and all that.
• 10:26
  [SPEAKER_01]: Now the SEC is pro-crypto, right?
• 10:29
  [SPEAKER_01]: So the next thing or the final thing politically was if we share this is SEC Chair Paul Atkins.
• 10:34
  [SPEAKER_01]: This is literally this morning, people.
• 10:36
  [SPEAKER_01]: where Paul Atkins is saying, hey, you know, it was a longer quote of a TV hit that he did, but it's we're mobilizing to make America the crypto capital of the world.
• 10:45
  [SPEAKER_01]: So, you know, compare that to where we were a year or two, three years ago with Gary Ginsler, it's literally night and day.
• 10:51
  [SPEAKER_01]: So Rohit from your research and kind of diving into your expertise, you know, how have you seen the administration, you know, loosening up and really not even loosening is not the right word.
• 11:00
  [SPEAKER_01]: It's really guiding the crypto legislation into the future.
• 11:03
  [SPEAKER_01]: You know, is this the positive stuff and stuff that you're seeing in your research as well?
• 11:08
  [SPEAKER_03]: Yeah, there's been so much between like the stable coin legislation, especially with that, because after Bitcoin probably stable coins are the strongest park market fit.
• 11:18
  [SPEAKER_03]: for crypto and that could potentially replace much of the back end for her, a financial system.
• 11:25
  [SPEAKER_03]: I'm certainly for transfers of any kind, but yeah, not just that, even it sounds like more specific kinds by the SEC, CFTC, it's like it's all coming.
• 11:34
  [SPEAKER_03]: And it's like you said, it is a nine day contrast with the previous administration, which just
• 11:40
  [SPEAKER_03]: did everything possible to kind of scuffle industry, basically.
• 11:44
  [SPEAKER_03]: Like it didn't put out clear guidelines is like regulation through prosecution.
• 11:50
  [SPEAKER_03]: So it's it is a nine day difference.
• 11:52
  [SPEAKER_03]: Yeah.
• 11:53
  [SPEAKER_01]: Yeah, and then Brian anything to add on the discussion.
• 11:56
  [SPEAKER_02]: Yeah, I think the scope of certain news is interesting because it's it's almost a nothing burger in my eyes.
• 12:02
  [SPEAKER_02]: We've known that for a while.
• 12:03
  [SPEAKER_02]: That's that's been mentioned quite a bit in the past, but what we do know is that the United States is the current administration is taking steps to be so pro crypto.
• 12:14
  [SPEAKER_02]: It's outstanding.
• 12:15
  [SPEAKER_02]: So I'm a portable in this market.
• 12:18
  [SPEAKER_00]: I think it's a good like use it a really well Brian it's a bit of a nothing burger in the sense that this isn't anything that we didn't already know and people have
• 12:29
  [SPEAKER_00]: I don't know if gradies the right word.
• 12:31
  [SPEAKER_00]: People have become, they've started asking for a little bit much and people haven't been satisfied.
• 12:36
  [SPEAKER_00]: I think that with with what we've seen so far.
• 12:39
  [SPEAKER_00]: And I think that this is such a big milestone that people should be at least in some sense pretty satisfied with all the progress that we've made and all the progress that we've seen so far.
• 12:49
  [SPEAKER_00]: And people have kind of developed this mindset of like, well, we want all of our crypto to be tax-free.
• 12:54
  [SPEAKER_00]: And it's like, well, they never said they were going to do that.
• 12:57
  [SPEAKER_00]: Well, we want a steady accumulation of Bitcoin.
• 13:00
  [SPEAKER_00]: Well, again, they never said that they were going to do that.
• 13:03
  [SPEAKER_00]: We want this in that.
• 13:04
  [SPEAKER_00]: And there's kind of just been some unrealistic expectations of like,
• 13:08
  [SPEAKER_00]: The government should do this, we're expecting them to do this, but it's nothing that they've ever even like really talked about too much.
• 13:14
  [SPEAKER_00]: There's been some discussion I guess around the idea of budget neutral ways to accumulate Bitcoin, but you really haven't seen anything too formal come out and say we're going to do this or that and people are kind of running with these more lofty ideas and then they get upset when they don't come through and it's like, well, they never really told us that we were getting those in the first place.
• 13:34
  [SPEAKER_00]: And so I think people just in some sense do need to be appreciative of all the progress that we've seen so far and all the stuff that's still going on.
• 13:43
  [SPEAKER_00]: And also just understand, I mean, guys, we're eight months into this thing.
• 13:47
  [SPEAKER_00]: You know, there's another three over almost three and a half years to go.
• 13:51
  [SPEAKER_00]: There's a lot more that can and probably will be done.
• 13:55
  [SPEAKER_00]: And I know everyone just wants instant gratification.
• 13:57
  [SPEAKER_00]: And that's what we're seeing a little bit right now.
• 13:59
  [SPEAKER_00]: They want prices to be instantly up, which we
• 14:01
  [SPEAKER_00]: I've kind of seen, and we'll talk about that here in just a second, but they also want everything to happen in the first year, and that's just not realistic.
• 14:09
  [SPEAKER_01]: Yeah, there's been so much great progress.
• 14:11
  [SPEAKER_01]: And I think that's kind of a great segue into our next segment, which is going to be Brendan doing some technical analysis on the charts for us.
• 14:17
  [SPEAKER_01]: But you know, you can show us the price action, all that stuff going way back.
• 14:21
  [SPEAKER_01]: And I'm sure members, people that listen to the podcast, and then especially the members of crypto nation that have been riding along for a year or two, three years plus have, you know, have seen the benefits of what it takes to, you know, again, I've actually seen in the chat now Mrs. Seely saying, learn patience.
• 14:36
  [SPEAKER_01]: It's not going to happen overnight.
• 14:38
  [SPEAKER_01]: And we've got some new people.
• 14:39
  [SPEAKER_01]: We've got Robert.
• 14:39
  [SPEAKER_01]: We've got John.
• 14:40
  [SPEAKER_01]: So I know that our community is really, really strong.
• 14:43
  [SPEAKER_01]: And we see it inside of the community so much.
• 14:45
  [SPEAKER_01]: And that's why I think it's cool to kind of what we're doing today as converging them together.
• 14:49
  [SPEAKER_01]: But again, just one quick ask.
• 14:51
  [SPEAKER_01]: If you guys are new here on the bottom right of the screen, you'll see our logo.
• 14:54
  [SPEAKER_01]: Give it a click.
• 14:54
  [SPEAKER_01]: Give us a subscribe like the video as we just continue along.
• 14:58
  [SPEAKER_01]: And like Brendan said, there's no instant gratification.
• 15:01
  [SPEAKER_01]: But what do we say all the time, Brendan, right?
• 15:02
  [SPEAKER_01]: Zoom out and check out check out these charts.
• 15:05
  [SPEAKER_01]: So why don't you take it over?
• 15:06
  [SPEAKER_00]: Certainly, yeah, I mean, like Tivo said, we do these every single week.
• 15:10
  [SPEAKER_00]: So if you wanted to know and hit the subscribe button, join us.
• 15:13
  [SPEAKER_00]: We have a bunch of these crypto run downs in different market updates and stuff.
• 15:16
  [SPEAKER_00]: So we definitely want to all of you to tune in to those as well.
• 15:20
  [SPEAKER_00]: But yeah, I mean, let's take a look here over on Bitcoin first.
• 15:23
  [SPEAKER_00]: We always like to start high level.
• 15:25
  [SPEAKER_00]: Like Tivo said, zoom out, get the big picture first.
• 15:28
  [SPEAKER_00]: And then when you zoom in from there and we focus in on a couple of different areas, altcoins and niches.
• 15:34
  [SPEAKER_00]: But what we have here with Bitcoin
• 15:36
  [SPEAKER_00]: is that we just saw a brand new all-time high.
• 15:39
  [SPEAKER_00]: And this is something that we talked about internally and in some other places, but one of the big takeaways here is that Bitcoin hit a new all-time high and Ethereum tapped its all-time high area.
• 15:52
  [SPEAKER_00]: And the reason that we bring this up is because a lot of the major cryptos were at what we call all-time high resistance, right?
• 16:00
  [SPEAKER_00]: So when you have a technical level like on the charts here, the all-time high resistance level, especially when we tapped it before, rejected it, fell down, came back up and were retesting that previous high where we had rejected in the past.
• 16:12
  [SPEAKER_00]: And we saw this on Bitcoin, we saw this on Ethereum, and we've also seen this on what we call the total two and total three charts.
• 16:20
  [SPEAKER_00]: Now the total two chart is just saying, hey, if we add together the entire market cap of crypto, excluding Bitcoin, that's the total two.
• 16:28
  [SPEAKER_00]: The total three is the exact same thing.
• 16:29
  [SPEAKER_00]: It's the entire market cap of crypto, except excluding Bitcoin and Ethereum.
• 16:35
  [SPEAKER_00]: So when we look at these leading charts or these leading, you know, groups,
• 16:42
  [SPEAKER_00]: Those are the big dogs that we look at.
• 16:44
  [SPEAKER_00]: Those are the market leaders Bitcoin over here.
• 16:47
  [SPEAKER_00]: Again, like I said, happening that all time high resistance level, we know that it's resistance over here.
• 16:52
  [SPEAKER_00]: We saw a rejection of Bitcoin where it fell about ten percent or almost twelve thousand dollars to the downside in just about three weeks time.
• 17:01
  [SPEAKER_00]: You go over to Ethereum over in here.
• 17:04
  [SPEAKER_00]: It's the same thing.
• 17:05
  [SPEAKER_00]: We had tapped this thirty or this forty eight hundred level all the way back in November of twenty twenty one and we saw a big rejection up here in the past.
• 17:14
  [SPEAKER_00]: So when we have Bitcoin and Ethereum pushing up into all time high into their all time high resistance levels and we start to see a rejection, is that a bad thing?
• 17:22
  [SPEAKER_00]: Is it anything unexpected?
• 17:24
  [SPEAKER_00]: Absolutely not like this is a very historical technical level and it's a textbook move to see us respect resistance as resistance and we we see a little bit of a sell-off at it so when I'm looking at this I'm not panicking up here I'm not freaking out if anything it should have been expected and I was talking to one of our groups internally here
• 17:45
  [SPEAKER_00]: the other day, which I think some of you in the chat box were probably in there on Monday when we were talking about this.
• 17:50
  [SPEAKER_00]: And I was just saying, hey guys, exercise caution up here.
• 17:53
  [SPEAKER_00]: If we break through, we're in price discovery mode.
• 17:55
  [SPEAKER_00]: There is so much upside that can be had.
• 17:57
  [SPEAKER_00]: There's a ton of volatility.
• 17:59
  [SPEAKER_00]: However, where approaching all-time high resistance, be careful of a pullback before then.
• 18:05
  [SPEAKER_00]: And that was one of the big things.
• 18:06
  [SPEAKER_00]: And so I'm looking at this, it's not anything unexpected, it's not anything that I'm fearing.
• 18:11
  [SPEAKER_00]: And the truth of the matter here is that I think that, hey, as we pull back, we're gonna do what we kind of call like a slip dip in a rip, where we slip a little bit to the downside.
• 18:21
  [SPEAKER_00]: And we dip through that slip and then we rip afterwards.
• 18:25
  [SPEAKER_00]: And the realistic price targets for both Bitcoin and Ethereum and a lot of these different altcoins is that we probably pull back
• 18:33
  [SPEAKER_00]: to our previous highs, previous consolidation areas, or some of the main moving averages, like the twenty-day moving average, which is the blue line, the fifty-day moving average, which is the pink line, and maybe even on some of these altcoins, the two hundred-day moving average, which is the yellow line, but Bitcoin and Ethereum are far away from those, and I don't think those are going to be retested anytime soon.
• 18:54
  [SPEAKER_00]: But on Bitcoin over here, you know, we're kind of coming back down into this.
• 18:58
  [SPEAKER_00]: And we can already see that hey, we broke out of the highs on Bitcoin.
• 19:02
  [SPEAKER_00]: And we can see this very, very clearly on the weekly chart.
• 19:05
  [SPEAKER_00]: As we zoom out over here, this has been the reoccurring trend since, twenty, twenty, two.
• 19:10
  [SPEAKER_00]: And this has just been, again, nonstop.
• 19:12
  [SPEAKER_00]: And I want to patent this picture clearly for everyone that's watching.
• 19:16
  [SPEAKER_00]: Because we saw over here, hey, Bitcoin struggled up here.
• 19:18
  [SPEAKER_00]: It hit the high, rejected, hit the high, rejected on price.
• 19:22
  [SPEAKER_00]: But what did we do?
• 19:23
  [SPEAKER_00]: Well, we did this thing called a break hook and go where we broke through resistance, retested it as support, and then the go, which is the continuation to the upside.
• 19:31
  [SPEAKER_00]: So we are testing our previous highs as our newfound lows and support, and then we continue to the upside.
• 19:38
  [SPEAKER_00]: So we saw this happen at the reversal moment.
• 19:41
  [SPEAKER_00]: Going up a little bit higher, we consolidated for a little bit here, saw the breakthrough of this resistance, the retest as support right in here, and then more continuation to the upside.
• 19:50
  [SPEAKER_00]: What we zoom out next consolidation range, we see the same thing.
• 19:54
  [SPEAKER_00]: We are using this area right around seventy five k's resistance.
• 19:58
  [SPEAKER_00]: We break through it.
• 19:59
  [SPEAKER_00]: We retest it as support.
• 20:01
  [SPEAKER_00]: We continue to the upside afterwards.
• 20:03
  [SPEAKER_00]: Now it's nothing new.
• 20:04
  [SPEAKER_00]: You know, here we are a couple of years later still doing the same thing.
• 20:08
  [SPEAKER_00]: We are breaking through resistance.
• 20:10
  [SPEAKER_00]: And what do you know?
• 20:10
  [SPEAKER_00]: We are now consolidating above this area.
• 20:14
  [SPEAKER_00]: support.
• 20:15
  [SPEAKER_00]: So what I would be looking for, moving forward on Bitcoin is kind of the market leader is hey, as we come into this area around the previous all-time highs, around maybe a hundred and ten
• 20:28
  [SPEAKER_00]: In K, we probably start finding some support in there.
• 20:31
  [SPEAKER_00]: We have the twenty-day moving average at a hundred and six in K. It's shorter and a little bit weaker.
• 20:36
  [SPEAKER_00]: We have the fifty-day moving average at a hundred and fifteen thousand.
• 20:39
  [SPEAKER_00]: That's going to be a little bit of a stronger support.
• 20:41
  [SPEAKER_00]: And then we have lots of support as we come back down towards a hundred and twelve in that previous all-time high area on Dick Quinn.
• 20:49
  [SPEAKER_00]: Now, the same kind of thing goes and the same lesson goes for things like the total two and the total three charts.
• 20:55
  [SPEAKER_00]: We can zoom out on here and see, hey, we approached all time highs.
• 21:00
  [SPEAKER_00]: We tapped it, saw a little bit of rejection on that total two chart that I had said.
• 21:05
  [SPEAKER_00]: You can go to the total three chart, as I mentioned earlier, very, very similar story over here on but the total two
• 21:13
  [SPEAKER_00]: And excuse me, the total three as well.
• 21:17
  [SPEAKER_00]: So if we pull this up, this is going to show us a very, very similar story where we're coming up to these all-time highs.
• 21:24
  [SPEAKER_00]: We're tapping it and seeing some resistance.
• 21:27
  [SPEAKER_00]: A theory of as the same story as we kind of showed already a little bit earlier, we came up, we tapped the all-time high.
• 21:32
  [SPEAKER_00]: And now as we're coming back down here,
• 21:34
  [SPEAKER_00]: I want to see a retest of some of these previous consolidation ranges, some of the moving averages.
• 21:39
  [SPEAKER_00]: Maybe that means we dip a little bit more, but I think any kind of dips that we do get here are going to be presenting just fantastic, a potential buying opportunities to potentially buy the dip that.
• 21:53
  [SPEAKER_00]: So when I'm looking at this, you know, am I going to sell everything off and be scared up here?
• 21:58
  [SPEAKER_00]: Absolutely not.
• 21:59
  [SPEAKER_00]: You know, I'm quite the contrary.
• 22:00
  [SPEAKER_00]: I'm actually looking at where can I get long?
• 22:02
  [SPEAKER_00]: Where can I be buying the dip?
• 22:03
  [SPEAKER_00]: Because I think it's only a matter of time until we see new all-time highs on both Bitcoin and ETH.
• 22:08
  [SPEAKER_00]: And before I pass it back to the guys, sorry, there's so much to talk about.
• 22:13
  [SPEAKER_00]: You know, one of the really interesting things here is like people have asked us, you know, is the market cycle done?
• 22:19
  [SPEAKER_00]: And there's two data points that I want to just briefly look at.
• 22:22
  [SPEAKER_00]: And we always see the Bitcoin dominance go up and down to the same places, just about every market cycle.
• 22:30
  [SPEAKER_00]: So we see Bitcoin front run the market.
• 22:32
  [SPEAKER_00]: It moves ahead of all the altcoins.
• 22:35
  [SPEAKER_00]: Bitcoin dominance rises to around seventy percent.
• 22:38
  [SPEAKER_00]: And then it falls down to around forty percent.
• 22:40
  [SPEAKER_00]: And that's when altcoin season happens.
• 22:42
  [SPEAKER_00]: We saw this happen in twenty seventeen.
• 22:44
  [SPEAKER_00]: We saw this happen in twenty twenty one before it fell and this is where we're at right now.
• 22:49
  [SPEAKER_00]: Bitcoin dominance is just at around sixty percent.
• 22:53
  [SPEAKER_00]: It is nowhere near forty percent.
• 22:55
  [SPEAKER_00]: We topped out it around I think it was sixty six sixty seven percent so just below the norm.
• 23:02
  [SPEAKER_00]: But I think that's mainly because of how much the awkward industry has matured.
• 23:05
  [SPEAKER_00]: And so this would say, hey, there's probably more room to go in more time to run in the market.
• 23:10
  [SPEAKER_00]: The other thing I'd use to measure this is I'd go over to a Bitcoin chart.
• 23:14
  [SPEAKER_00]: I would pull up a monthly chart and I would go to the monthly RSI.
• 23:20
  [SPEAKER_00]: And what we can do on here is even if you're brand new to charting, you can look at this and say, well, hmm, you know, where does the crypto market typically top out at and where and when does it typically bottom out at?
• 23:33
  [SPEAKER_00]: Now again, you don't have to be any kind of a technical guru to look at this chart and say, well, hmm, you know, going all the way back to twenty eleven or yeah, twenty eleven.
• 23:43
  [SPEAKER_00]: We can see that well, we top out up here and we bottom out down here.
• 23:47
  [SPEAKER_00]: And when we top out and bottom out and top out and bottom out and top out and bottom out.
• 23:52
  [SPEAKER_00]: And it's in this exact same spot every single time, right?
• 23:55
  [SPEAKER_00]: We bottom out at around forty on the monthly RSI.
• 23:57
  [SPEAKER_00]: We top out at around ninety.
• 24:00
  [SPEAKER_00]: And it's nothing too crazy.
• 24:01
  [SPEAKER_00]: And so if we're looking at this chart and we're saying, well, is the market cycle done?
• 24:06
  [SPEAKER_00]: This would say, no, we have not come.
• 24:09
  [SPEAKER_00]: And who knows, maybe this is the one time that it fails.
• 24:12
  [SPEAKER_00]: But since Bitcoin's inception, this has always worked.
• 24:16
  [SPEAKER_00]: And it has always been proven true.
• 24:18
  [SPEAKER_00]: It doesn't mean it's guaranteed this time.
• 24:20
  [SPEAKER_00]: But as someone who has used this time and time again, cycle after cycle, I'm looking at this and the data's just saying the market top isn't in.
• 24:29
  [SPEAKER_00]: And I know people are going to say, well, you know, Brendan, what about a year and a half after the having?
• 24:33
  [SPEAKER_00]: We're still not even at that point yet.
• 24:35
  [SPEAKER_00]: And we're not quite there.
• 24:36
  [SPEAKER_00]: We're starting to get a little bit closer.
• 24:38
  [SPEAKER_00]: But you know, altcoins are firing Bitcoin dominance would say that there's more room to run.
• 24:42
  [SPEAKER_00]: And a lot of these altcoins are still, you know, really pushing.
• 24:46
  [SPEAKER_00]: And we're seeing a lot of upside from them.
• 24:48
  [SPEAKER_00]: You know, you look at arrow drone, which has been running here, just nonstop hitting a new high this morning.
• 24:54
  [SPEAKER_00]: I know in recent months, we've looked at things like Pengu, which Brian and Joe have put on our radar and talked a lot about this thing shooting up over a thousand percent hitting new highs.
• 25:06
  [SPEAKER_00]: Oiler is one that Roheet put me on, which has been running hundreds and hundreds of percent since the start of this year.
• 25:14
  [SPEAKER_00]: And a lot of altcoins are extremely high.
• 25:17
  [SPEAKER_00]: In fact, I would say most are
• 25:19
  [SPEAKER_00]: which is why we see like the total two and the total three and a lot of these other awkward charts at all time highs is because they are getting so much love and attention.
• 25:27
  [SPEAKER_00]: And, you know, final point, I keep adding on, sorry guys, I'm cheating.
• 25:33
  [SPEAKER_00]: vinyl point here is like a lot of large caps are at all time highs to XRP hit a new all time high B and B which is on here somewhere this thing hit a new all time high you can go over to try on this thing hit a new all time high had a little bit of a crazy week but this cycle this thing's hit a new all time high like a lot of these different altcoins are just all time highs galore left and right so I say all this because there's a lot of stuff to pay attention to there's a lot of stuff to look out in the charts and
• 26:02
  [SPEAKER_00]: Yeah, if you can't tell I'm a little excited about it all because I think that there's still a lot of good to look forward to.
• 26:09
  [SPEAKER_01]: Absolutely, man.
• 26:10
  [SPEAKER_01]: You crushed it.
• 26:10
  [SPEAKER_01]: Thank you for sharing all that.
• 26:11
  [SPEAKER_01]: I learned something new every time.
• 26:13
  [SPEAKER_01]: I really like the RSI, kind of that zoom out of RSI was fascinating and that was an awesome segment.
• 26:19
  [SPEAKER_01]: I'm in just for everybody listening.
• 26:21
  [SPEAKER_01]: Again, we appreciate you.
• 26:22
  [SPEAKER_01]: We do this all for free.
• 26:23
  [SPEAKER_01]: But if that segment with Brendan was something that you really enjoyed and really thought interesting, especially around the technical analysis and charting, if you scroll down in the description of our YouTube video, we just have a couple links there if you're interested in getting more involved in the community.
• 26:36
  [SPEAKER_01]: And I have a link there.
• 26:37
  [SPEAKER_01]: It's one, two, three, four.
• 26:38
  [SPEAKER_01]: It's the fourth link down there.
• 26:40
  [SPEAKER_01]: Is the mass of the charts in just six weeks.
• 26:43
  [SPEAKER_01]: And it's something that you can do with Brendan.
• 26:45
  [SPEAKER_01]: It's his trading course.
• 26:46
  [SPEAKER_01]: And you get access to Brendan plus coaching calls and all that.
• 26:49
  [SPEAKER_01]: So if you're more interested in learning how to do technical analysis, like Brendan can check out that link below as we move on.
• 26:54
  [SPEAKER_01]: But Rohit, I want to bring it to you.
• 26:56
  [SPEAKER_01]: He kind of ended on that total two and market caps and altcoins are popping off and you obviously give a great call with with Euler.
• 27:04
  [SPEAKER_01]: You know, are you an altcoin season believer?
• 27:06
  [SPEAKER_01]: Because let me show you this, right?
• 27:09
  [SPEAKER_01]: Coinbase institutional.
• 27:10
  [SPEAKER_01]: We all know Coinbase Coinbase institutional is literally calling for alt season.
• 27:14
  [SPEAKER_01]: September approaches the transition to a full scale alt season is likely.
• 27:19
  [SPEAKER_01]: Now, they didn't quite put the disclaimer there, but I'm sure their lawyer would like them to say that's not personal financial advice for anybody, but they're not the only one.
• 27:27
  [SPEAKER_01]: We got CME, CME group, the catch phrase, altcoin season is gaining significant traction.
• 27:34
  [SPEAKER_01]: So, you know, I know Brian specifically we're going to come to you next.
• 27:37
  [SPEAKER_01]: You live in the trenches, you live in the altcoin meme coin markets, but Rohit from your research is the altcoin season are the bubbles coming.
• 27:45
  [SPEAKER_01]: Can you feel the momentum for an altcoin season?
• 27:48
  [SPEAKER_03]: First of all, I think we'll get into it more when I do the part on cycles, but for me, like all coins season technically starts when eat is the strongest token.
• 27:59
  [SPEAKER_03]: And I think we're actually there.
• 28:00
  [SPEAKER_03]: Like it's already started to happen.
• 28:02
  [SPEAKER_03]: We haven't hit new all time highs yet, but I think we got within, I think, four percent.
• 28:06
  [SPEAKER_03]: And it's I think it's going to happen within weeks, I would say.
• 28:09
  [SPEAKER_03]: So yeah, I think technically we are in all coin season.
• 28:12
  [SPEAKER_03]: And like I said, I'll go into more detail in that later.
• 28:15
  [SPEAKER_03]: There's like a specific like in the past say two or three cycles has been like a specific sequence of events, but I would say we're in all coin season.
• 28:23
  [SPEAKER_01]: I like that.
• 28:23
  [SPEAKER_01]: I mean, as a producer, you have to love.
• 28:25
  [SPEAKER_01]: You have to love one of your host teasing a segment coming up later and stick into the script.
• 28:29
  [SPEAKER_01]: Brian, what do you see in the the meme coin market?
• 28:32
  [SPEAKER_01]: I know we've had a couple meme coin run downs and have gotten quite a little rowdy over the last month, six weeks with some absolute fun, some winners.
• 28:40
  [SPEAKER_01]: So I buy a set.
• 28:42
  [SPEAKER_01]: I know where you are, but tell the people, what do you see in the the all coin meme coin market?
• 28:47
  [SPEAKER_02]: Yeah, sure.
• 28:48
  [SPEAKER_02]: Some of these meme coins are absolutely fire right now popping off in ways that we we just dream about when we think about meme coins and just huge gains.
• 28:58
  [SPEAKER_02]: Of course, when we pull back in some of the majors, the Bitcoin, the theorems of the world, you can see a little bit tighter pull back in these meme coins.
• 29:06
  [SPEAKER_02]: But I'm, I'm, if we have a true alt-season, which I'm a huge believer in, I think that's coming very soon.
• 29:12
  [SPEAKER_02]: Love to hear what Rohit's saying about it.
• 29:14
  [SPEAKER_02]: I think meme coins are very fire hard.
• 29:17
  [SPEAKER_02]: And I do have some of my favorites out there, and I think they do very well.
• 29:20
  [SPEAKER_01]: Yeah, and I think basically what he touched on is kind of Ethereum leads the way.
• 29:25
  [SPEAKER_01]: And that's the perfect transition into the next phase of our discussion.
• 29:29
  [SPEAKER_01]: Ethereum basically has definitely had the leadership on a larger scale and just the momentum has been crazy.
• 29:35
  [SPEAKER_01]: And we've covered it on the run-down.
• 29:36
  [SPEAKER_01]: So this might be a little repetitive if you listen to week to week.
• 29:40
  [SPEAKER_01]: We've been huge proponents of tracking this Ethereum trade.
• 29:44
  [SPEAKER_01]: Um, we've been talking about it.
• 29:45
  [SPEAKER_01]: We've been charting it.
• 29:46
  [SPEAKER_01]: And then we've even brought in these Ethereum treasury companies, which have been absolutely going, you know, bananas.
• 29:51
  [SPEAKER_01]: And so for those who are new, kind of just to give them a little bit of a flavor, I do have a couple clips here.
• 29:57
  [SPEAKER_01]: So it's podcast favorite, Tom Lee, who again is kind of the, uh, he's now the Michael Salar, if you will, the Michael Salar of the Ethereum treasury strategy.
• 30:06
  [SPEAKER_01]: So I have two clips here.
• 30:07
  [SPEAKER_01]: I'm going to play about a minute or so at this one and then a second one.
• 30:10
  [SPEAKER_01]: This one, he's talking about kind of an end-of-year price target and why he's bullish on BMR.
• 30:14
  [SPEAKER_01]: So let's check that one out first.
• 30:16
  [SPEAKER_01]: I'm going to share a second, thirty minute clip here.
• 30:19
  [SPEAKER_01]: So that tease you up on his thesis, right?
• 30:20
  [SPEAKER_01]: Ethereum, the merging of TradFi and DeFi and using stable coins, he's a big believer in it.
• 30:27
  [SPEAKER_01]: And, you know, he's throwing out a ton of price targets, honestly, over the last two months.
• 30:30
  [SPEAKER_01]: They've range from seven, five hundred to ten k, eeth by the end of the year.
• 30:36
  [SPEAKER_01]: And this was the most bullish thing I could find in pull.
• 30:38
  [SPEAKER_01]: So it's the last thirty second clip where he discussed the possibility of a theory in flipping Bitcoin.
• 30:44
  [SPEAKER_01]: And it's really just one of those things that you got to hear.
• 30:47
  [SPEAKER_01]: So obviously that's a little age we've blown through that four thousand as we continue upwards.
• 30:51
  [SPEAKER_01]: And like I said, as price targets have gone from seventy five to two k.
• 30:56
  [SPEAKER_01]: guys eat flipping bitcoin i don't necessarily need the hot take on that the one thing i will point out is if a guy if you see that the guy is in the office and you're on a zoom with them and you can see the office in the back left and then you also see that that same man working hard has a bed in the right corner of his office i mean you're least got to take you at least got to take what he says you know a little bit seriously because he's most certainly putting in the hours
• 31:21
  [SPEAKER_00]: Yeah, I mean, listen, I think anyone who's a reoccurring member of the rundowns, you know that me and Tiva, we like Tom Lee, I definitely look up to him, I think he's an incredibly knowledgeable and obviously successful individual, so you know, maybe we're a little bit biased, but yeah, I mean, if you have a bed in your office, I don't even have a bed in my office, you know, right?
• 31:39
  [SPEAKER_00]: You know, we all work from home and we don't even technically have a bed in our office, but it's a whole new kind of commitment.
• 31:46
  [SPEAKER_01]: Yeah, and there's all those clips I've said before, but you know, back when Bitcoin was two, three, four thousand.
• 31:51
  [SPEAKER_01]: There's clips on him on national television and all the business channels basically saying, Hey, we should we should be putting one percent of our portfolios in Bitcoin and he would get basically, I don't even know, laughed at was the right words.
• 32:03
  [SPEAKER_01]: There were people that would try to lecture him and tell him that, you know, he was he wasn't being safe.
• 32:07
  [SPEAKER_01]: He was leading down up to the people of a wrong path and
• 32:10
  [SPEAKER_01]: people shouldn't listen to him and he's crazy it was it was more than just being laughed at it was scrutinized he was truly scrutinized and and he threw out that hundred thousand dollar price target back then so you know again the vindication of being right but also
• 32:26
  [SPEAKER_01]: When somebody has that type of success, you don't need to follow them blindly.
• 32:29
  [SPEAKER_01]: I don't think any of us follow anyone person blindly.
• 32:32
  [SPEAKER_01]: That's why at Cripp Nation, we have an entire team because we're getting, you know, all of our, you know, research and stuff and conversations and guidance from, from each other and working together as a unit.
• 32:43
  [SPEAKER_01]: I think that's, you know, one of the benefits to being a part of Cripp Nation, but the, you got to at least listen to him.
• 32:49
  [SPEAKER_01]: He deserves to be listened to.
• 32:51
  [SPEAKER_02]: Sign me a Fed, a hundred acts on Ethereum.
• 32:53
  [SPEAKER_01]: Yeah, I think anybody, anybody starting to lean or you lean in or you lean in for an eighth Bitcoin flip or is it too too early for those discussions for you?
• 33:03
  [SPEAKER_02]: That might be a little aggressive, but you know, I've exposure to both.
• 33:06
  [SPEAKER_02]: So I wouldn't be upset if that happened that when we talked about Bitcoin Ethereum a little bit bit coin biased.
• 33:13
  [SPEAKER_02]: But I love me some Ethereum for a lot of different reasons with their correlation with NFTs and meme coins and obviously have exposure to both.
• 33:21
  [SPEAKER_02]: It would be, it wouldn't surprise me, especially with all the stable coin legislation we have right now and a lot of, you know, whether smoke there's fire.
• 33:31
  [SPEAKER_01]: Yeah, and then row heat.
• 33:33
  [SPEAKER_01]: Just any thoughts on Ethereum, are you bullish on kind of the Ethereum inflows?
• 33:38
  [SPEAKER_01]: They're sorry, the Ethereum ETF inflows.
• 33:40
  [SPEAKER_01]: You know, what's your thought behind obviously it's an narrative driven, but also, you know, the fundamentals of it.
• 33:46
  [SPEAKER_03]: Yeah, like if you look at the supply and demand, the ETH ETFs and the public treasury companies already own eight percent of the total Ethereum supply, which is kind of crazy to think about, do you say eight percent?
• 33:59
  [SPEAKER_03]: Yeah, a percent is what the number I saw Holy cow.
• 34:02
  [SPEAKER_03]: And then kind of bit minor immersion, if they do have another, raising another twenty billion dollars, that by itself is like, just by itself, that one raised by one company is two and a half percent of the supply.
• 34:16
  [SPEAKER_03]: So it's like, to the extent there's not a ton of supply being offered and like there's pretty strong demand.
• 34:23
  [SPEAKER_03]: Like the, you, it's not hard to imagine what that will do to the price.
• 34:27
  [SPEAKER_01]: Yeah.
• 34:29
  [SPEAKER_01]: So then the next thing kind of I wanted to transition before we dive into Brian's topics was the narrative around it, right?
• 34:35
  [SPEAKER_01]: Obviously, the Ethereum has the narrative.
• 34:38
  [SPEAKER_01]: It's been, you know, the treasury companies in the price action, but not too long ago, if we go back to, you know, the end of the year of twenty four, and then obviously January, it felt like Solana kind of had that same narrative.
• 34:51
  [SPEAKER_01]: There was the wild meme coin craze.
• 34:53
  [SPEAKER_01]: We had Fartcoin.
• 34:54
  [SPEAKER_01]: We had Dave Portnoi doing greed one, greed two, greed three.
• 34:58
  [SPEAKER_01]: All that all that fun stuff which kind of you know got got Salana on its horse and Salana has these ETFs that are in the pipeline as well.
• 35:07
  [SPEAKER_01]: I'm gonna pull this up from friend of the program.
• 35:09
  [SPEAKER_01]: James Safe Hardy said you know all these Ethereum ETFs got delays to I guess this was end of day yesterday But but he basically said he suspects we won't see too many more of these and this is our Bloomberg intelligence guys been on our podcast before
• 35:26
  [SPEAKER_01]: You know, when James says these things, he basically feels like these are these are close to getting pushed through.
• 35:31
  [SPEAKER_01]: So my kind of question to the group that I'd love to kick around and there's no right answer.
• 35:36
  [SPEAKER_01]: Brendan, let's start with you is kind of that narrative flip that we saw from Solana now to Ethereum, Ethereum's the bell of the ball, if you will.
• 35:44
  [SPEAKER_01]: You know, once these Solana ETFs get pushed, you know, what are your thoughts on trying to figure out the fundamentals of plus the narrative around kind of these two, if you will call them blue chip altcoins, what are your thoughts around it?
• 35:56
  [SPEAKER_00]: Yeah, you know, we've seen this back and forth between Solana and Ethereum for about a year or two now.
• 36:02
  [SPEAKER_00]: And it's interesting because Solana has certainly been able to increase its market share.
• 36:06
  [SPEAKER_00]: Towards the end of last year, started this year, Solana was everything.
• 36:11
  [SPEAKER_00]: It's all people wanted to talk about.
• 36:12
  [SPEAKER_00]: It was all the hype.
• 36:13
  [SPEAKER_00]: It hit the new all-time high well before Ethereum did.
• 36:16
  [SPEAKER_00]: And there's a lot of attention.
• 36:17
  [SPEAKER_00]: In fact, even in the current day when you look at where Solana is and what it's doing and what Ethereum is doing, they really are almost specializing in two different things for two different markets.
• 36:28
  [SPEAKER_00]: And I think that there's a very high likelihood that the two co-exist together.
• 36:33
  [SPEAKER_00]: When you look at Solana people always like the town, oh, they have more activity.
• 36:37
  [SPEAKER_00]: They're doing more transactions every day.
• 36:39
  [SPEAKER_00]: They see more wallet activity, this and that.
• 36:42
  [SPEAKER_00]: And then you go and you look at Ethereum and you can say, well, Ethereum has more developers.
• 36:46
  [SPEAKER_00]: They have better developer stuff.
• 36:47
  [SPEAKER_00]: You could go and say, hey, they have a higher TVL over at Ethereum.
• 36:51
  [SPEAKER_00]: And you can say some of these other things.
• 36:52
  [SPEAKER_00]: You can say, hey, it's more decentralized.
• 36:54
  [SPEAKER_00]: And you can talk about it.
• 36:55
  [SPEAKER_00]: It's nodes and other things like that, right?
• 36:57
  [SPEAKER_00]: And so when it comes to Solana, you know, I'd say, hey, like when it comes to memes, things that are a little bit more personal, things that are more retail focused, even when it comes to deepen Solana kind of
• 37:08
  [SPEAKER_00]: takes the win.
• 37:09
  [SPEAKER_00]: You know, they're definitely more scalable, too.
• 37:11
  [SPEAKER_00]: And when it comes to Ethereum, I think that they favor institutional stuff a little bit more.
• 37:15
  [SPEAKER_00]: They are a little bit more reputable.
• 37:17
  [SPEAKER_00]: And they have a lot of the defy and RWA and tokenization market share and that side of things.
• 37:24
  [SPEAKER_00]: And so we've seen this back and forth between the two.
• 37:26
  [SPEAKER_00]: Now, all of the sudden, you know, there's all this news about Ethereum and it's way more hot.
• 37:31
  [SPEAKER_00]: than Solana is, but I think they're both good, and there's a place for both of these, and kind of just the natural stage of a market cycle, is that you go from one thing to the next, and we'll probably have a point in time.
• 37:44
  [SPEAKER_00]: We're all this said, everyone's talking about Solana over Ethereum, and then we're going to be talking about Bitcoin over both of them, and then we're going to be talking about the next thing over those, and it kind of goes full circles, what I'm trying to say.
• 37:55
  [SPEAKER_00]: So we see a lot of people come out, they're excited, they've every reason to do so.
• 38:00
  [SPEAKER_00]: At least here on the program, you know, we're not maxis.
• 38:02
  [SPEAKER_00]: We don't believe in just Bitcoin, just Ethereum, just Solana, just XRP.
• 38:09
  [SPEAKER_00]: We think that, you know, the bulk of the crypto industry can and likely will succeed together and they can serve different purposes, be used by different people and so on and so forth.
• 38:20
  [SPEAKER_01]: Yeah, it's a great point.
• 38:21
  [SPEAKER_01]: And then Rohe, just your thoughts on kind of the narratives and how you look at them.
• 38:25
  [SPEAKER_03]: Yeah, like I agree with Brennan said, I think there's enough space for several L ones to have a lot of activity, especially with bridging and interoperability.
• 38:34
  [SPEAKER_03]: Eventually, it's not going to matter what underlying chain your own.
• 38:37
  [SPEAKER_03]: I think consumers may be able to just all be abstracted away.
• 38:41
  [SPEAKER_03]: Ideally, that would be the case, because like when people use the internet now, they don't.
• 38:45
  [SPEAKER_03]: They're not familiar with a lot of the underlying technology that's involved.
• 38:48
  [SPEAKER_03]: And ideally, that would be the case, even with Web.
• 38:52
  [SPEAKER_03]: Three, everything just happened seamlessly under the hood.
• 38:54
  [SPEAKER_03]: So yeah, I agree with, but in there's opportunity for several different L ones to see activity and have a strong ecosystem.
• 39:02
  [SPEAKER_01]: Yeah, and then totally, you know, and my final tie on everything is you see these narratives change, you know, every quarter, every couple months, you know, at least every half a year, somebody becomes the bell of the ball.
• 39:14
  [SPEAKER_01]: It could be a meme coin, it could be, you know, an L one and L two, what, you know, it's just, and that's kind of the part of why we've been doing these weekly, now bi weekly or sometimes two to three times a week, because
• 39:25
  [SPEAKER_01]: the news flow and everything's changing so fast we went from doing these once a week and now we can do them two or three times a week and they're they're still coming out an hour you know long because there's so much news flow to consume but speaking of under the hood there overheat I was looking under the hood and I saw that this rock sold for a bunch of money and then I was like well I got to see what Ryan's talking about like Brian what do you eat rock going you know going for hundreds of thousands of dollars what's going on with eat rock
• 39:55
  [SPEAKER_02]: Yeah, the ethrock is in a ethereum NFT launched in I think December of twenty seventeen kind of an OG collection out there and it's sold for six hundred grand today.
• 40:07
  [SPEAKER_02]: So it feels pretty free if you ask me anybody that's going to fire in half a million into an NFT.
• 40:12
  [SPEAKER_02]: But you can just you can see there can be some capital that flows into NFTs, especially some of these older very OG collections.
• 40:20
  [SPEAKER_02]: So this was a surprise to wake up to.
• 40:23
  [SPEAKER_01]: Yeah, and it basically just tees off the the conversation that you're going to lead here as our, you know, moments of money maker and guys just just to tee up Brian and Brian and Joe Joe's not here today, but, you know, these guys are literally in the trenches and they're digging up
• 40:39
  [SPEAKER_01]: They're looking, you know, underneath the hood, the stuff that, you know, the average person doesn't know about the average person's probably not trading.
• 40:46
  [SPEAKER_01]: And they go and find these things.
• 40:48
  [SPEAKER_01]: They find the narratives.
• 40:49
  [SPEAKER_01]: They find the fundamentals and these things of rocket.
• 40:51
  [SPEAKER_01]: I mean, you guys have had some unbelievable calls.
• 40:54
  [SPEAKER_01]: And so basically, we have a list of stuff that we're going through here.
• 40:57
  [SPEAKER_01]: But Brian, you just tell me where you want to take it.
• 41:01
  [SPEAKER_01]: And I'd love for you to lead your segment here.
• 41:02
  [SPEAKER_01]: And we want to start with Moonbirds.
• 41:04
  [SPEAKER_02]: Yeah, I think you guys did a rundown show recently and somebody was asking about moombirds and they've absolutely popped off for a little bit of history behind moombirds was a Kevin Rose project got by a bought bought by yoga labs who are the board eight people and then recently was acquired again by an individual named Spencer a very prominent NFT trader
• 41:28
  [SPEAKER_02]: And he's really putting some, uh, he's backing behind these NFTs.
• 41:32
  [SPEAKER_02]: So these were well under an eighth in June, and they've run up all the way over three Ethereum.
• 41:40
  [SPEAKER_02]: So over twelve, fifteen thousand dollars.
• 41:43
  [SPEAKER_02]: And we're seeing some action in some not so much like newer mince every single day, but some of these OG Ethereum NFTs out there.
• 41:52
  [SPEAKER_02]: And what's really interesting is a Ethereum goes up.
• 41:55
  [SPEAKER_02]: These NFTs can go up as well in the amount of Ethereum.
• 41:59
  [SPEAKER_02]: So it's almost a double whammy.
• 42:01
  [SPEAKER_02]: So you're getting price action in the price of Ethereum appreciation appreciating.
• 42:06
  [SPEAKER_02]: And then these NFTs are also going up as well.
• 42:09
  [SPEAKER_02]: So whoever asked about moombirds, I'm obviously, I'm a big fan.
• 42:12
  [SPEAKER_02]: I got a little moombird.
• 42:14
  [SPEAKER_02]: a portrait back there, one of my artist friends made for me, I'm a holder, so not finding it to advice, but they've been doing some big things, and they're trying to play the same playbook if everyone knows of Puggy penguins.
• 42:26
  [SPEAKER_02]: Puggy penguins is one of the most prominent well-known NFTs
• 42:31
  [SPEAKER_02]: out there and they had a token drop recently.
• 42:34
  [SPEAKER_02]: What a few months back where actually one big Puggy got if you held their NFT got you about eighty thousand dollars worth of their Pengu token.
• 42:44
  [SPEAKER_02]: And a lot of people ask, how's that possible?
• 42:46
  [SPEAKER_02]: Well, if we've seen some big news out there, Tivo may be pulled up the ETF filing that we had Pengu and Puggy penguins get filed by Canary Capital here for an impossible ETF.
• 42:58
  [SPEAKER_02]: So it'd be the first of its kind where meme coin,
• 43:01
  [SPEAKER_02]: NFTs are actually connected to an ETF.
• 43:05
  [SPEAKER_01]: Yeah, and then just a note for all the viewers.
• 43:07
  [SPEAKER_01]: We actually, you know, if you haven't checked out the podcast, make sure you check out crypto one on podcast.
• 43:12
  [SPEAKER_01]: You can check it out on the YouTube.
• 43:13
  [SPEAKER_01]: Again, that bottom right is where you can subscribe.
• 43:16
  [SPEAKER_01]: So please click that and subscribe.
• 43:18
  [SPEAKER_01]: But also if you want us to the audio version, we have it on Spotify Apple.
• 43:22
  [SPEAKER_01]: And recently, I believe last week, we just put out an episode with the CEO of Canary Capital that Bryce and Brendan in and it was fascinating.
• 43:30
  [SPEAKER_01]: Obviously a larger conversation about
• 43:33
  [SPEAKER_01]: But I'd say I've solid fifteen to twenty of that was about specifically Pengue the ETF and just a deep dive on the kind of Puggie penguins and why you know the CEO of canary capitals you know more bullish on them than just a you know picture digital art of a penguin I mean that guy went into some deep dive on IP and you know why he literally chose to make sure the push for this ETF was going it was really fascinating conversation to check out
• 44:00
  [SPEAKER_01]: You know, I thought, you know, I thought of you the whole time, Brian is like, God, man, we went from Brian and Joe to, you know, pitching Pudgy Penguin months ago to now there's an ETF of this thing.
• 44:09
  [SPEAKER_01]: It's like, what a crazy ride.
• 44:12
  [SPEAKER_02]: Yeah, I mean, Pen goes evolved into a meme coin two point.
• 44:15
  [SPEAKER_02]: Oh, to be honest with you.
• 44:16
  [SPEAKER_02]: It's not just a meme coin anymore.
• 44:18
  [SPEAKER_02]: It's an identity.
• 44:19
  [SPEAKER_02]: They have major partnerships out there.
• 44:21
  [SPEAKER_02]: They're filing ETFs are ringing the NASDAQ Bell.
• 44:25
  [SPEAKER_02]: They even have an upcoming blockchain called abstract blockchain.
• 44:28
  [SPEAKER_02]: Well, the blockchain's out there.
• 44:31
  [SPEAKER_02]: So you can do a lot of different farming.
• 44:33
  [SPEAKER_02]: You can explore that blockchain.
• 44:35
  [SPEAKER_02]: And it's done very, very well.
• 44:38
  [SPEAKER_02]: with attracting new people to the space.
• 44:40
  [SPEAKER_02]: But one very interesting thing about it is that their TGE, their token generation event is actually coming up in Q four.
• 44:47
  [SPEAKER_02]: So it's starting to pick up a lot of steam.
• 44:50
  [SPEAKER_02]: There's a lot of meme coins that Joe and I talk about every single week within our community that we really like on abstract because as you trade meme coins on that platform,
• 45:00
  [SPEAKER_02]: you actually earn something called XP which will get you rewards for their token generation event.
• 45:06
  [SPEAKER_02]: So really interesting stuff coming out there and then I want to jump over and I want to talk a little bit about retcoin.
• 45:13
  [SPEAKER_02]: We've talked about wrecked quite a bit, Tvo, your big wrecked fan, Joe's a big wrecked fan.
• 45:18
  [SPEAKER_02]: We called that, fifteen, twenty million dollar market cap in our community months ago and now trading about four hundred and fifty million dollar market cap.
• 45:29
  [SPEAKER_02]: As you can see, kind of the famous flywheel.
• 45:31
  [SPEAKER_02]: So it's not just a meme point.
• 45:34
  [SPEAKER_02]: It was an NFT that developed, evolved into a meme point.
• 45:38
  [SPEAKER_02]: And now it's a wrecked brands where they're selling actual drinks in seven, eleven's goal is to sell one million drinks this calendar year and they're well in their way.
• 45:49
  [SPEAKER_02]: I think they're over seven hundred thousand sold.
• 45:53
  [SPEAKER_01]: Yeah, I remember kind of the whole journey of the wrecked you guys brought it on.
• 45:57
  [SPEAKER_01]: I remember you guys ordered the drinks and Joe was super excited about getting the drinks.
• 46:01
  [SPEAKER_01]: I mean, it was, you know, a call inside your community and then just, you know, look, you know, month six or six weeks later, then boom, like all time highs and it keeps going and they keep announcing partnerships, right?
• 46:11
  [SPEAKER_01]: I saw they
• 46:13
  [SPEAKER_01]: what they announced a partnership with base on the coin base team for for more beverages and it's kind of that same thesis.
• 46:19
  [SPEAKER_01]: I think the fly wheels a little bit different.
• 46:21
  [SPEAKER_01]: I guess then the pudgy penguins, but like you're basically kind of getting away.
• 46:25
  [SPEAKER_01]: Like you said, there's a new there's a new
• 46:28
  [SPEAKER_01]: Genesis of meme coins where these caterpillars have cocooned and now are turning into these beautiful butterflies where these these uh I don't even know what they're not tend to necessarily companies.
• 46:38
  [SPEAKER_01]: Maybe they are but like these coins these projects are reinvesting back into themselves back into the holders like I don't know if anybody's ever listened to Luke and that's the guy that started Puggie Penguins.
• 46:48
  [SPEAKER_01]: But you catch one of his interviews.
• 46:50
  [SPEAKER_01]: I mean it's hard to not root for the project because he just kind of reminds me of I think we talked about this before on of anybody follows banana
• 46:58
  [SPEAKER_01]: This event of bananas, but you remind me of like yellow talks Jesse it's like it's not about the business It's it's about the holders and the people in the community and I feel like Luke and that's has a has that vibe as well along with it seems the wreck team just kind of you know building something They're trying to build something instead of these you know the the greed ones of the greed twos of what Dave Portnoy was doing which are just like quick flips I mean there's something you know tangible behind it, which is awesome
• 47:24
  [SPEAKER_02]: And then rewarding their community in so many different ways.
• 47:27
  [SPEAKER_02]: If you actually buy a case of the wrecked drinks, you get the wrecked token, and you can earn hundreds of dollars for every case of wrecked drinks you purchase.
• 47:37
  [SPEAKER_01]: Yeah, that's awesome.
• 47:38
  [SPEAKER_01]: And then what was the basically before we go to your to beer call there, this anime azuki, I guess it's kind of the same thing where it's, it's not just meme pointers anymore, like tradvized diving into this stuff.
• 47:51
  [SPEAKER_02]: Yeah, I mean, that was really interesting.
• 47:53
  [SPEAKER_02]: And anime is the token that's connected to the Suzuki NFTs and they made a very interesting announcement just the other day where a Nasdaq listed digital media company is actually buying two point five million dollars worth of their token.
• 48:08
  [SPEAKER_02]: They're going to build out their IP, they're connected to gaming companies.
• 48:11
  [SPEAKER_02]: So you can just see they're trying to do what wrecked, what Puggy penguins has done in the past.
• 48:17
  [SPEAKER_02]: So I thought that was a really interesting call out to bring to the show for everyone.
• 48:21
  [SPEAKER_02]: It's not funny, it's supposed to go out there and buy this anime token.
• 48:24
  [SPEAKER_02]: They have a long way to go to become the next Pangu, but you can see this is kind of the new meta we're seeing with these meme coins and with a lot of these NFT companies.
• 48:34
  [SPEAKER_01]: Yeah, and it's all fascinating.
• 48:36
  [SPEAKER_01]: That's kind of why, you know, we go to you and Joe for those specific things.
• 48:40
  [SPEAKER_01]: So give us, I know we always kind of ask to check back and, you know, pen gooey've tracked and wreck drinks.
• 48:46
  [SPEAKER_01]: We've tracked, but you brought us today something that you made a call of recently that kind of came to fruition.
• 48:53
  [SPEAKER_02]: Yeah, this is just a token.
• 48:55
  [SPEAKER_02]: Now, I'm a big fan of just full disclosure.
• 48:57
  [SPEAKER_02]: I do own some of this token.
• 48:59
  [SPEAKER_02]: It's called Tibber.
• 49:00
  [SPEAKER_02]: It's connected to Ribbit Capital, or the actual founder of Ribbit Capital, or it was speculated when we made the call was speculated to be connected to him.
• 49:09
  [SPEAKER_02]: And it's Mickey Malky.
• 49:11
  [SPEAKER_02]: He's the founder.
• 49:12
  [SPEAKER_02]: This is a venture capital firm, twelve billion dollar powerhouse that's backed over thirty different crypto unicorn companies, including Coinbase.
• 49:23
  [SPEAKER_02]: And it's just a really interesting token if you ask me, as you can tell, it's a ribbit capital, timber is ribbit backwards.
• 49:31
  [SPEAKER_02]: But this was a stealth launch in January.
• 49:34
  [SPEAKER_02]: It's absolutely popped off.
• 49:36
  [SPEAKER_02]: I wouldn't even know how to approach doing TA on this chart because it feels like it's just up only really impressive stuff.
• 49:44
  [SPEAKER_01]: And when did you give the call, you said, May?
• 49:47
  [SPEAKER_02]: And May, it was about seventy million dollar market cap.
• 49:50
  [SPEAKER_02]: And there was rumblings, you know, finding the trenches that this was connected to Mickey Malka, who was a founder that was connected to Ribbit Capital.
• 49:59
  [SPEAKER_02]: You look at the title, it's Ribbit backwards, but no actual confirmation of this.
• 50:05
  [SPEAKER_02]: And something that's really interesting is it's actually connected to an AI agent as well.
• 50:10
  [SPEAKER_02]: We love AI in this world.
• 50:12
  [SPEAKER_02]: And that AI agent actually went out on its own and bought a crypto pun.
• 50:17
  [SPEAKER_02]: Crypto punks hit over two hundred thousand dollars recently with the AI agent went out and purchased its own crypto punk wanted to create its own digital identity and that's exactly what it did so it's a really unique project wanted to call it out this kind of the type of projects we try to look into on momentum money makers that have you know you just want to connect the dots and hope for the best
• 50:41
  [SPEAKER_01]: No, it was a great call.
• 50:42
  [SPEAKER_01]: Speaking of connected the dots, credit to me for taking Brendan's TA course, because look at me, I kind of know what I'm doing.
• 50:49
  [SPEAKER_01]: Again, this isn't an exact date, but if we use the measurement tool, Brendan, which you taught me, and we drag it up to the top here.
• 50:54
  [SPEAKER_01]: I mean, we're talking about about a
• 50:56
  [SPEAKER_01]: you know, five hundred thirty percent gain, uh, since mid mid May there Brian.
• 51:01
  [SPEAKER_01]: So that's the type of stuff that Brian and Joe are doing in their community.
• 51:04
  [SPEAKER_01]: And again, same thing.
• 51:05
  [SPEAKER_01]: If you're interested in learning more about Brian and Joe and getting the calls like he just showed you early.
• 51:11
  [SPEAKER_01]: If you guys go down the description and you click show more.
• 51:14
  [SPEAKER_01]: Again, I got a couple links for you.
• 51:16
  [SPEAKER_01]: This one is the one two three the the, um,
• 51:19
  [SPEAKER_01]: We got one, two, three, the fourth third link.
• 51:22
  [SPEAKER_01]: One, two, three.
• 51:22
  [SPEAKER_01]: Third link down there.
• 51:23
  [SPEAKER_01]: We've got the get immediate access to the mean coin portfolio and trade alerts.
• 51:28
  [SPEAKER_01]: It's just one dollar.
• 51:29
  [SPEAKER_01]: It's basically a dollar trial if you're interested in checking out Brian and Joe and getting more info on how you can get those type of calls and be a part of that community.
• 51:36
  [SPEAKER_01]: It is super fun.
• 51:38
  [SPEAKER_01]: But I guess transitioning on
• 51:41
  [SPEAKER_01]: We do have a row heat, so row heat.
• 51:44
  [SPEAKER_01]: Your section has we save the best for last because literally it was the number one thing in the chat box.
• 51:49
  [SPEAKER_01]: People wanted cycles.
• 51:50
  [SPEAKER_01]: They want to know where we are.
• 51:51
  [SPEAKER_01]: But where are we row heat?
• 51:53
  [SPEAKER_01]: Where are we going?
• 51:54
  [SPEAKER_01]: So I'm going to hand you off the reins.
• 51:56
  [SPEAKER_01]: I'm your producer.
• 51:56
  [SPEAKER_01]: You tell me when you want me to pull up your charts or if you want to do kind of an introduction to talking about cycles and then we can kind of open it up to the group and discuss.
• 52:05
  [SPEAKER_03]: Yeah, so typically with cycles at least historically like if you look at the past three cycles say they've been four stages like usually there's like one year of a sharp bear market downturn.
• 52:17
  [SPEAKER_03]: There's a year of going essentially sideways another year of going up a bed and then kind of a much more like
• 52:25
  [SPEAKER_03]: pitched feverish and political market in the fourth year.
• 52:27
  [SPEAKER_03]: And there's no guarantee that things repeat exactly like that, but my sense is that template will still roughly apply.
• 52:35
  [SPEAKER_03]: So it's interesting because like even in that fourth stage where you have a very strong
• 52:42
  [SPEAKER_03]: kind of feverish bull market.
• 52:43
  [SPEAKER_03]: There's usually a certain sequence of assets that rise most strongly.
• 52:49
  [SPEAKER_03]: So you usually Bitcoin leads the way initially and then after that, eq takes over after that, it's usually large cap tokens and then finally, like in the most fevered stage, it's like mid-small mid-cap tokens.
• 53:03
  [SPEAKER_03]: And then usually there's like a bear market after that.
• 53:06
  [SPEAKER_03]: So yeah, like if you bring up some of the visuals, we could even look at
• 53:11
  [SPEAKER_03]: Oh yeah, so so that yeah, just just shows you like they're the red is like the bear market.
• 53:17
  [SPEAKER_03]: You can see the blue sections are the essentially sideways up a bit.
• 53:21
  [SPEAKER_03]: The green, they call it their following the growth phase is up gently and then you have like a bubble or a very strong bull market.
• 53:31
  [SPEAKER_03]: And my sense is we're in that final phase now.
• 53:38
  [SPEAKER_03]: Usually six to eighteen months like that one year period after a Bitcoin having is a strongest period of a full market.
• 53:51
  [SPEAKER_03]: So we're in that now.
• 53:55
  [SPEAKER_03]: Typically, if this were to hold like the peak would be later this year, it's always hard to put like a precise state on it, but say in past cycles, it's usually been November, December, and then usually all coins have peaked about a month after Bitcoin did.
• 54:13
  [SPEAKER_03]: If you go down just one more, yeah, you can see we're lagging a little bit this time, but I was kind of set to catch up.
• 54:21
  [SPEAKER_03]: And as Bitcoin matures as an asset class, there's not going to be of course quite as much upside and there's going to be less volatility.
• 54:29
  [SPEAKER_03]: So one thing that threw off this cycle was the Bitcoin ETF.
• 54:34
  [SPEAKER_03]: It led to a high Bitcoin, like much earlier than usual.
• 54:39
  [SPEAKER_03]: So like I might have said already, but that there's that saying history doesn't repeat, but it rhymes.
• 54:46
  [SPEAKER_03]: So like you could get like a rough for your cycle, but it is also possible with the point in particular that it floats up a bit more that the bear market when it comes is much shall or just because there's so much institutional capital worrying down.
• 55:03
  [SPEAKER_03]: Let's see what's the let's see what the next.
• 55:07
  [SPEAKER_03]: visualists.
• 55:08
  [SPEAKER_03]: Oh yeah, the other thing is apart from the cycles.
• 55:12
  [SPEAKER_03]: It's maybe been a happy coincidence, but during the strongest part of the bull markets in the past, it's usually coincided with a significant increase in the M to muddy supply globally.
• 55:26
  [SPEAKER_03]: So I think basically with the M to muddy supply, if you shift it three months over, there's almost a point seven correlation between Bitcoin's price and that global
• 55:40
  [SPEAKER_03]: supplies.
• 55:41
  [SPEAKER_03]: You can see where that would put Bitcoin.
• 55:45
  [SPEAKER_03]: I think that's that would that be probably like a hundred seventy-ish thousands of so long graph maybe a little bit more.
• 55:52
  [SPEAKER_03]: Yeah, so that's pretty pretty bullish.
• 55:57
  [SPEAKER_03]: More than inflation Bitcoin seems to be most correlated with the money supply.
• 56:04
  [SPEAKER_01]: Yeah, we've covered the money supply.
• 56:06
  [SPEAKER_01]: I know Brendan and I have covered it for definitely last six weeks.
• 56:08
  [SPEAKER_01]: We always say, like, you know, this is something that a lot of people, especially on the Twitter timeline, a lot of people love it and call for it as soon as they see it and a lot of people think it's Fugazie, Fugazie.
• 56:19
  [SPEAKER_01]: But honestly, the M two bulls have been, have been quite right as this chart shows.
• 56:26
  [SPEAKER_03]: Yeah, because I think all assets are sensitive to liquidity, but crypto is especially
• 56:35
  [SPEAKER_01]: Awesome.
• 56:36
  [SPEAKER_01]: And then we got one more here is this kind of like a, you know, a top signal of crypto apps is that where this is going when you see the apps go up.
• 56:44
  [SPEAKER_03]: Yeah.
• 56:44
  [SPEAKER_03]: So the green line tracks like where coin bases app is ranked in the app store.
• 56:50
  [SPEAKER_03]: And typically when the market peaks, it's it's the number one app.
• 56:54
  [SPEAKER_03]: I think currently was in that chart, it's fifteen.
• 56:57
  [SPEAKER_03]: We didn't include Robinhood, but usually Robinhood is second.
• 57:02
  [SPEAKER_03]: I think it's seventeen now.
• 57:03
  [SPEAKER_03]: So it's like things are moving in the right direction though we haven't gotten to that peak frenzy.
• 57:09
  [SPEAKER_03]: And then the last chart at the bottom is the Google search popularity.
• 57:12
  [SPEAKER_03]: So usually when Bitcoin tops, it's somewhere between fifteen, a hundred in terms of like maximum search popularity.
• 57:22
  [SPEAKER_03]: And we haven't quite gone there yet either.
• 57:25
  [SPEAKER_03]: So like those are all like just completely different.
• 57:29
  [SPEAKER_03]: signals of where we might be in the cycle, where we're heading, and also kind of metrics to track for potentially when we are near or at a top.
• 57:41
  [SPEAKER_01]: Awesome.
• 57:42
  [SPEAKER_01]: Yeah, and this is this is all stuff that kind of goes into your research and you bring into the community and the VIP coaching calls and the newsletters.
• 57:49
  [SPEAKER_01]: And so as we kind of enter the last segment, everybody that's tuned in and man, we still got over a hundred people that live.
• 57:55
  [SPEAKER_01]: That's awesome.
• 57:56
  [SPEAKER_01]: We're going to do some questions.
• 57:57
  [SPEAKER_01]: So if you guys want to toss some questions into the side chat there on the right, we'll get to a couple and before we sign off.
• 58:03
  [SPEAKER_01]: And then obviously if you enjoyed that and enjoyed Roheets charts and his research,
• 58:07
  [SPEAKER_01]: Um, again, we kind of have the crimp nation community.
• 58:10
  [SPEAKER_01]: And I put a link down there if it's something you guys want to check out.
• 58:12
  [SPEAKER_01]: I'm so you can kind of get that weekly touch base with the team, get the research, get the newsletter.
• 58:18
  [SPEAKER_01]: Maybe look into joining our coaching calls where you get access to these guys, you know, weekly.
• 58:22
  [SPEAKER_01]: I'm in kind of again, take that next step, that next level to your crypto journey.
• 58:26
  [SPEAKER_01]: Again, if you go down the description, oh, my got some links there.
• 58:28
  [SPEAKER_01]: I made sure that this one was the first link on top, get a immediate access to the crypto before it was just a dollar.
• 58:34
  [SPEAKER_01]: and you're going to learn more about joining the community.
• 58:37
  [SPEAKER_01]: So appreciate you guys.
• 58:38
  [SPEAKER_01]: Again, drop some questions in there as we end.
• 58:41
  [SPEAKER_01]: Look to end this, but Brendan thoughts thoughts on the cycle thoughts on where we are before we answer some questions.
• 58:47
  [SPEAKER_00]: Yeah well I saw one question come in and it said do we think that a lot of the information that we talked about the adoption or the positives do we think that that can extend the cycle because you know as we chat about you know we typically see these top out around a year and a half after the having event and
• 59:05
  [SPEAKER_00]: I just wanted to echo in and kind of come in and talk about this a little bit more and say I do think it has the potential to right and I'm hesitant to say this time is going to be different because of all this because every single cycle everyone's always said it's going to be different this time and so far it hasn't
• 59:21
  [SPEAKER_00]: I think if there's any time for it, I think the best case is this time, right?
• 59:28
  [SPEAKER_00]: Because when you have sovereign wealth funds and countries and endowments and retirement funds and Fortune five hundred companies and the ETFs and banks and you have these treasuries and all these in the on top of that you have retail.
• 59:44
  [SPEAKER_00]: When you have all that happening, I think it does make the strongest argument
• 59:49
  [SPEAKER_00]: four things to extend in a bullish way and see more upside.
• 59:54
  [SPEAKER_00]: The other thing that I think a lot of people have looked over and I should have pulled up this information for us, but I think that we have the potential to extend because the supply shock is real.
• 1:00:04
  [SPEAKER_00]: And if you go and you look at the Ethereum and Bitcoin reserves on exchanges, they've been in freefall for a while.
• 1:00:11
  [SPEAKER_00]: And what that means is that the supply of Bitcoin and Ethereum specifically on exchanges and even in the OTC markets have seen charts of that.
• 1:00:19
  [SPEAKER_00]: They're dwindling, like they're drying up.
• 1:00:22
  [SPEAKER_00]: And so there's less and less that are available and that are going to be available.
• 1:00:27
  [SPEAKER_00]: And there's increasing demand as we've seen.
• 1:00:30
  [SPEAKER_00]: I mean, last month, for instance, I think there was over five billion dollars in that inflows.
• 1:00:35
  [SPEAKER_00]: We had a single day of the Ethereum ETFs, which did over a billion in inflows.
• 1:00:39
  [SPEAKER_00]: It was the highest that it's ever seen.
• 1:00:42
  [SPEAKER_00]: And so there's very clearly more demand and there's increasingly less supply.
• 1:00:48
  [SPEAKER_00]: And the thing about Ethereum, and I guess the part that makes it a little bit different from Bitcoin supply squeeze,
• 1:00:53
  [SPEAKER_00]: Bitcoin has the having which is making an increasingly harder to mind.
• 1:00:57
  [SPEAKER_00]: Ethereum has a little bit of a different consensus mechanism and for a long time for a period of years, Ethereum was deflationary and the more activity and the more attention that it sees, the more is being burned through one of their protocol updates.
• 1:01:13
  [SPEAKER_00]: And so the more activity now haven't looked at this data point lately, but the more activity that we get on the Ethereum, the more deflationary,
• 1:01:21
  [SPEAKER_00]: Um, it will become something at one point.
• 1:01:23
  [SPEAKER_00]: I think it was deflating it around like one and a half almost two percent a year, which is a crazy thing to think about on top of the supply issues on top of the demand creases on top of a lot of this stuff.
• 1:01:33
  [SPEAKER_00]: So, you know, it's a really long answer to you, but I think that if there's any argument to say like can the cycle extend and stuff
• 1:01:40
  [SPEAKER_00]: I think the answer there is like, yeah, there's a pretty, I would say a pretty good argument.
• 1:01:44
  [SPEAKER_00]: Now, I'm not going to come in here and say, oh, well, for certain, this time is obviously different.
• 1:01:48
  [SPEAKER_00]: I'm hesitant to do that.
• 1:01:49
  [SPEAKER_00]: I think for obvious reasons, but I think there's a really compelling argument that can be made to say that, hey, things can maybe not necessarily be entirely different, because I think that having will always play some sort of role in Bitcoin and all of crypto, but I think there's a pretty compelling argument to be made that maybe we do run longer this time around.
• 1:02:10
  [SPEAKER_01]: Yeah, and I think the extension of kind of what building on what you just said is like you really even if it is a bear market in the gains slow down like you really want to be selling everything during the most most pro crypto administration ever and then that kind of leads you into the next
• 1:02:26
  [SPEAKER_01]: and that's a
• 1:02:44
  [SPEAKER_01]: I think if anything, the crypto has kind of been a bipartisan issue.
• 1:02:47
  [SPEAKER_01]: Like I know, Democrat, Rokana is a great one.
• 1:02:50
  [SPEAKER_01]: I'm who has been, you know, huge for digital assets.
• 1:02:52
  [SPEAKER_01]: And it is, it is a bipartisan issue for the most part.
• 1:02:56
  [SPEAKER_01]: So it could be kind of another catalyst two, three years or now of just more crypto, kind of legislation going forward for the next round of senators, congressmen, and then I guess an eventual president of the United States.
• 1:03:09
  [SPEAKER_01]: So it's just super, super bullish to
• 1:03:13
  [SPEAKER_01]: to not want to fade this narrative right now.
• 1:03:15
  [SPEAKER_01]: I got a fun one from Ryan guys Ryan asked like what do you think a pie network.
• 1:03:19
  [SPEAKER_01]: So I actually have a funny story back when I was at bar stool.
• 1:03:23
  [SPEAKER_01]: Back when I was at bar stool during you know twenty twenty one like when everything was going crazy everybody like downloaded pie network and wanted to like
• 1:03:30
  [SPEAKER_01]: get you in their pie network and then you hit the button and all that stuff and then funny enough when I got here to crypto one on one we actually brought on pie network and interviewed them and to be to be quite honest you know nothing nothing that got us super super excited it's kind of more of I think in their words it's like a social experiment more than you know a financial instrument or investment
• 1:03:53
  [SPEAKER_01]: So if you're having fun doing pie network, that's great.
• 1:03:55
  [SPEAKER_01]: But I wouldn't, I personally wouldn't consider that a bag that I would be watching to go up because I don't think you can really sell it anywhere.
• 1:04:04
  [SPEAKER_01]: It's basically just a social experiment.
• 1:04:06
  [SPEAKER_01]: Anybody else have any funny, funny topics on pie?
• 1:04:08
  [SPEAKER_03]: I remember sending that out to friends like many years ago too because I think it's like almost like an MLM thing.
• 1:04:15
  [SPEAKER_03]: Like you got like part of rewards from the people you would send to.
• 1:04:19
  [SPEAKER_03]: So you had like an incentive to invite them and yeah.
• 1:04:23
  [SPEAKER_03]: But I don't know if there's any really utility to the network.
• 1:04:26
  [SPEAKER_01]: Yeah.
• 1:04:27
  [SPEAKER_01]: No, we'll wrap it up with this.
• 1:04:28
  [SPEAKER_01]: So how long?
• 1:04:29
  [SPEAKER_01]: How long does altcoin season usually last from James or friend James Williams?
• 1:04:33
  [SPEAKER_01]: I wrote you.
• 1:04:34
  [SPEAKER_01]: You want to you want to kick that around?
• 1:04:36
  [SPEAKER_03]: Yeah, so the rally in Bitcoin is usually about a year in terms of that transition from Bitcoin to Ethereum.
• 1:04:46
  [SPEAKER_03]: I would need to look into it.
• 1:04:47
  [SPEAKER_03]: I suspect probably about six, eight months because like the transitions tend to happen pretty quickly towards the end between like Ethereum to large cap tokens, large cap tokens to small and midcap.
• 1:04:59
  [SPEAKER_03]: the most frenzy part of the market's tend to be the shortest kind of so that that's worth keeping in mind where you're thinking about potentially taking some profits or just reallocate the big one or something more stable.
• 1:05:11
  [SPEAKER_01]: Awesome and then Brian you got a thought on how long all coincies and lasts and just any final thoughts for everybody.
• 1:05:17
  [SPEAKER_02]: Hope it lasts a long time, everyone.
• 1:05:19
  [SPEAKER_02]: Hope it lasts forever.
• 1:05:21
  [SPEAKER_02]: No, I think in all coincies in last few hundred days, actually, but I'm fired up for this all coincies.
• 1:05:27
  [SPEAKER_02]: And I don't want to talk about the end until we get into the thick of it.
• 1:05:31
  [SPEAKER_01]: Yeah, I like it.
• 1:05:32
  [SPEAKER_01]: And then Brandon, how about yourself?
• 1:05:34
  [SPEAKER_00]: Yeah, you know, I think an interesting data point is that we've seen all Quincy's and get progressively longer and longer over the years.
• 1:05:41
  [SPEAKER_00]: So in the different markets cycles that we've looked at, it does tend to actually get a little bit longer and it kind of feeds into this idea of could we extend longer this time around.
• 1:05:50
  [SPEAKER_00]: And again, I think it fuels this argument that that's a really, you know, likely possibility that we do see it extend a little bit more.
• 1:05:56
  [SPEAKER_00]: So, you know, what is that?
• 1:05:58
  [SPEAKER_00]: Is that through the end of this year?
• 1:05:59
  [SPEAKER_00]: Personally, I think so.
• 1:06:01
  [SPEAKER_00]: I don't really see the crypto market stopping through the end of the year.
• 1:06:03
  [SPEAKER_00]: I think if you would have asked me this four years ago, I would have said, I don't know, you know, you got to stick to this stuff.
• 1:06:09
  [SPEAKER_00]: Now I look at it.
• 1:06:10
  [SPEAKER_00]: And again, I think all the data says from the charts, right?
• 1:06:14
  [SPEAKER_00]: That's my specialities is looking at the charts.
• 1:06:17
  [SPEAKER_00]: All the data on the charts says that we're just not near that point yet.
• 1:06:21
  [SPEAKER_00]: So it's either A, everything goes into two hundred percent gear.
• 1:06:26
  [SPEAKER_00]: And we just skyrocket to where we need to be in the cycle ends on time.
• 1:06:30
  [SPEAKER_00]: Or B, we follow a normal pattern, a normal kind of movement cycle from here.
• 1:06:36
  [SPEAKER_00]: And we just have an extended cycle.
• 1:06:38
  [SPEAKER_00]: And that's what I'm leaning towards.
• 1:06:39
  [SPEAKER_00]: So again, I'd say through the end of this year, I would be optimistic.
• 1:06:45
  [SPEAKER_01]: Yeah, I couldn't agree more than I'm going to take us out after over an hour and ten minutes of live free content guys.
• 1:06:53
  [SPEAKER_01]: What an episode.
• 1:06:54
  [SPEAKER_01]: Thank you, Brendan.
• 1:06:56
  [SPEAKER_01]: Thank you, Rohit.
• 1:06:57
  [SPEAKER_01]: Thank you, Brian.
• 1:06:58
  [SPEAKER_01]: You guys bring just your hard work at efforts over not just weeks, but months and your true expertise and you know, you guys let me ran about what's going on in the news and
• 1:07:07
  [SPEAKER_01]: and X and bringing you guys some tidbits there, but I really rely on you guys for making sure that I'm educated and can build and bring the best show that I can.
• 1:07:15
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• 1:07:28
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• 1:07:34
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• 1:07:46
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• 1:07:50
  [SPEAKER_01]: But other than that, what an episode.
• 1:07:53
  [SPEAKER_01]: from what I see guys this did really well and I think we're gonna be doing more of these but nonetheless even if it's not the whole team we're doing you know content weekly with awesome interviews of people in the space from the crypto one-on-one podcast with Bryson Brendan and then we're doing run-downs with Brendan Brian Joe all the time so again we appreciate your time check out those links below before you leave stay bullish my friends and we'll see you all real soon have a great weekend everybody