Latest / CRYPTO 101 / Crypto Rundown: Crypto’s Hidden Winners Are Already Breaking Out

Transcript

Crypto Rundown: Crypto’s Hidden Winners Are Already Breaking Out · CRYPTO 101

0:07
[SPEAKER_00]: Alright everybody, welcome back to another episode of the crypto run-down.
0:12
[SPEAKER_00]: Listen, if you've been subscribed to the crypto 101 channel, you have been given a winner each week over the last month.
0:18
[SPEAKER_00]: Coming off of last week's episode, this week alone hype is up over 40% as the ETF momentum builds for hype.
0:27
[SPEAKER_00]: Then, it's continues to ride the AI trail coat tails, so today, we
0:31
[SPEAKER_00]: We're breaking down the top all coin knows that you need to know going off of what we've been talking about over the last month.
0:37
[SPEAKER_00]: So if you're new here, hit the bottom right right now, bottom right hit the logo, subscribe, give this video a thumbs up because you're in the right place.
0:44
[SPEAKER_00]: There's tons of crypto alpha going on and even though Bitcoin is facing some up and down tailwinds because everyone's watching what Bitcoin's doing and Ethereum's doing and wondering when the next big price movement happens there, there's a lot of momentum happening underneath the market.
1:00
[SPEAKER_00]: continue to break that down.
1:01
[SPEAKER_00]: Talk a little bit of altcoins.
1:03
[SPEAKER_00]: And then as the thumbnail showed you, there is one major thing that we think we want to watch out for for the Bitcoin and Ethereum trade.
1:11
[SPEAKER_00]: So we're going to break that down later in this episode as well.
1:14
[SPEAKER_00]: Welcome back.
1:15
[SPEAKER_00]: Brian, let's dive right in because again, the momentum that we've been seeing on some of the calls that we've been doing.
1:22
[SPEAKER_00]: Again, we write it up in the community.
1:24
[SPEAKER_00]: So if you're in the community, you've been getting the newsletters.
1:27
[SPEAKER_00]: You've been getting the content about this for now months about some of these projects that we've been writing up.
1:32
[SPEAKER_00]: And then if you just listen to the podcast, we've been talking about it over the last couple weeks.
1:36
[SPEAKER_00]: So again, depending on where you are in our community in the spectrum.
1:39
[SPEAKER_00]: It's kind of where you get this information in a timely manner, but let's pull up, let's pull up pipe because what a week for hyper liquid.
1:48
[SPEAKER_00]: Let's just pull up the chart, the one week chart, Brian, let us know what you're seeing, what you're feeling, obviously a lot of excitement when you can pull a winner out like this in a crypto winter like we have.
2:01
[SPEAKER_00]: So let's talk about it and then there's a lot of news around it.
2:03
[SPEAKER_01]: I mean, we've been talking about hype for, for well over a year now, man.
2:08
[SPEAKER_01]: I know within our community with crypto one-on-one communities, if you're part of our communities, you've certainly heard the ticker hype or heard about hyper-liquid, 11 employees, absolutely printing revenue, and it's been on a non-stop rocket ship upward, and it's been great, dude.
2:26
[SPEAKER_01]: I'm a hype boy.
2:27
[SPEAKER_01]: I sit on Friday.
2:27
[SPEAKER_01]: I was like, I really like where hype is.
2:29
[SPEAKER_01]: I said it the week before really like where hype is we're not trying to give these calls on the rundown because what we're trying to do on the rundown is just percent of everyone a little bit of information.
2:38
[SPEAKER_01]: Tell me about the market.
2:39
[SPEAKER_01]: Tell him what we're seeing, but it does feel like
2:43
[SPEAKER_01]: that weren't nail on some of these live on air.
2:46
[SPEAKER_01]: It's a good reason.
2:48
[SPEAKER_01]: Hype is absolutely smashing.
2:51
[SPEAKER_01]: I still, I still love hyper liquid.
2:53
[SPEAKER_01]: I mean, it's printed like a 40% candle this week.
2:56
[SPEAKER_01]: So I don't know if I would be like putting all my retirement into hyper liquid, but there is a clear path where this does not feel like the top.
3:04
[SPEAKER_01]: And everything, nothing goes up in a straight line and everyone.
3:06
[SPEAKER_01]: So there's gonna be days to get into it.
3:09
[SPEAKER_01]: But I'm starting to drink the cool aid, man.
3:11
[SPEAKER_01]: If flip salon is FTV, it makes a lot of revenue.
3:14
[SPEAKER_01]: It has great mechanics.
3:17
[SPEAKER_01]: It's just doing great, dude.
3:18
[SPEAKER_01]: Oh man, super producer, look at this guy.
3:21
[SPEAKER_00]: I got you.
3:22
[SPEAKER_01]: just throwing this up there.
3:23
[SPEAKER_01]: I messed it.
3:24
[SPEAKER_01]: It's just been a great project and it's not even open.
3:27
[SPEAKER_01]: The platform's not even open until the United States yet.
3:29
[SPEAKER_01]: People, so there's some unique things going on with Hyperliquid that you can actually leverage, you know, it's a perp site.
3:37
[SPEAKER_01]: It's an L1, but they're mostly known for their perps.
3:39
[SPEAKER_01]: And whenever gold and silver and all the oil were going crazy, people were going to Hyperliquid the long and short
3:46
[SPEAKER_01]: Now we have SpaceX IPO.
3:48
[SPEAKER_01]: It's kind of been the talk of the town recently and Hyperliquid was the first and I think Binion's just put it on their parps, but it was the first and only for quite a while we could actually get Exposure to the SpaceX IPO by longing and shorting it and all we want is people going there
4:05
[SPEAKER_01]: Messing around with hyperliquid platform because they take the fees and then they burn them It's just a really great project and I'm happy that we've called it out for a lot of our listeners I know a lot of people in the community and shout out everybody that is in our community because we wouldn't be here without you They they have exposure to it and we've been having some fun talking about it because How can you love this project?
4:27
[SPEAKER_01]: Especially when the price goes up.
4:29
[SPEAKER_01]: It's it's been great
4:31
[SPEAKER_00]: Yeah, like you said, the revenue, especially for the amount of people that's kind of something that I know you and I covered when we're talking about the Coinbase layoffs is how hyper liquid is doing this with so small employees and team members it's pretty crazy and I think the fact that you can't use it in the US is going to continue to be by design until until.
4:56
[SPEAKER_00]: the old guards get their peace, which is what they're doing, because what a week, what a week for the hype ETFs.
5:05
[SPEAKER_00]: So I know bitwise has one, I think is gray skill, it's the other one.
5:10
[SPEAKER_00]: What's T, H, P, Y?
5:11
[SPEAKER_00]: Who owns that one?
5:12
[SPEAKER_01]: Do we know off top my head?
5:16
[SPEAKER_00]: THP UI hyperlique and 21 shares 21 shares and bitwise the volume jumps 50% again yesterday just a ton of action in these ETFs We covered it up until the point when they went live
5:31
[SPEAKER_00]: They went live huge demand, huge demand, and Bitwise is really leaning into it.
5:36
[SPEAKER_00]: I'm working on trying to get Matt Hogan, the CIO of Bitwise back on the program, friend of the show, of course, and we want to get some information, because they're really pushing it.
5:48
[SPEAKER_00]: And as they showed, it's a new product of theirs.
5:50
[SPEAKER_00]: Obviously, it's something they believe in.
5:51
[SPEAKER_00]: I believe I saw 10%
5:54
[SPEAKER_00]: of all hyper-liquid purchase through the ETF 10% is going to be purchased by Bitwise and put on to their balance sheet.
6:02
[SPEAKER_00]: And Bitwise is known for trying to really get into the community like they did for the Bitcoin developer program for their ETF.
6:09
[SPEAKER_00]: I believe they're having a pizza day for Bitcoin, pizza day coming up.
6:12
[SPEAKER_00]: So obviously we're huge fans of Bitwise, they come on the program at least twice a year, so it's time to get them back on.
6:19
[SPEAKER_00]: And these ETFs, you know, when Bloomberg starts talking about it, you know, it's a successful launch.
6:25
[SPEAKER_00]: And so you got to start asking yourself, you know, with the revenues that we just showed earlier in the show.
6:30
[SPEAKER_00]: Let's see, up triple digits this year, hype is up triple digits this year, outperforming Bitcoin, ETH, B&B and Coinbase.
6:39
[SPEAKER_00]: not robbing it though.
6:40
[SPEAKER_00]: Love that.
6:41
[SPEAKER_00]: Well, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
6:57
[SPEAKER_00]: not personal financial advice for anybody to go use hyperlink with if you live in the U.S. but then we have multiple ETFs in the U.S. trading in the markets and people buying it up.
7:07
[SPEAKER_00]: I find that fascinating.
7:08
[SPEAKER_00]: It feels like the words out on this technology and people are gobbling it up as you can see from those ETFs.
7:16
[SPEAKER_01]: Yemen.
7:19
[SPEAKER_01]: It's a great product.
7:21
[SPEAKER_01]: We can go back and look at a lot of our past run-downs and well over a year we've been talking about hype and hyper-liquid and had a correction.
7:30
[SPEAKER_01]: We had ample opportunity to buy this in the 30s, a very long time, but we were kept saying, hey, the fundamentals are great.
7:38
[SPEAKER_01]: The revenue is great.
7:40
[SPEAKER_01]: They're a good product that they just are delivering on the product.
7:44
[SPEAKER_01]: It's just not like vaporware out there.
7:47
[SPEAKER_01]: Like, oh, we could do this or we might do this.
7:49
[SPEAKER_01]: No, they have a really great product.
7:50
[SPEAKER_01]: It's smooth.
7:52
[SPEAKER_01]: utilize their platform quite a bit.
7:54
[SPEAKER_01]: I stake hype on their platform and it's been a fabulous product.
7:58
[SPEAKER_01]: So I I'm a big believer.
8:00
[SPEAKER_01]: I don't know if I'd be like like I said slam and buying it at an all-time high today.
8:05
[SPEAKER_01]: But I think into the next bull run and this is not financial advice is just a guy talking talking coins and I have exposure to this.
8:11
[SPEAKER_01]: So I want everyone know I think we're going to 100.
8:14
[SPEAKER_01]: I think in the next bull run we're over a hundred dollar hype.
8:17
[SPEAKER_01]: That's just
8:18
[SPEAKER_01]: It feels like this, like Solana was kind of the darling, you know, for a very long time, and I still love Solana.
8:23
[SPEAKER_01]: But it's, it was a darling, especially in the bull run.
8:26
[SPEAKER_01]: I think hype could really steal some attention here.
8:29
[SPEAKER_01]: And then we got, we have a phropics IPO upcoming.
8:32
[SPEAKER_01]: We got open AI's IPO upcoming.
8:35
[SPEAKER_01]: And we're not going to be able to get exposure to that.
8:37
[SPEAKER_01]: I'd love to get some exposure to pay in phropic.
8:39
[SPEAKER_01]: But you know, I'm just some retail guy.
8:42
[SPEAKER_01]: But I can go on hyper liquid and leverage longer short.
8:47
[SPEAKER_01]: IPOs, pre-IPOs, once they get announced.
8:51
[SPEAKER_01]: So I think it's just a drive more attention and more demand.
8:54
[SPEAKER_01]: And they're not just sucking money out of their platform with 10,000 employees.
8:59
[SPEAKER_01]: Slick product.
9:00
[SPEAKER_01]: Great revenue.
9:01
[SPEAKER_01]: It's exactly what we're looking for in the crypto.
9:04
[SPEAKER_01]: And that's why we've been so hot on it.
9:05
[SPEAKER_01]: So I know there's a lot of listeners in on hype, and for good reason, and let's just ride this train.
9:11
[SPEAKER_01]: It's a killer ticker, man.
9:12
[SPEAKER_01]: I just love saying, hi, hi, hi, hi, hi.
9:15
[SPEAKER_00]: Yeah, it almost funny you say that as my momentum money maker my meme coin king.
9:21
[SPEAKER_00]: It kind of be being hype It kind of has a little bit of a meaning a meme of occasion ability Because again, I think that this is at the point now.
9:30
[SPEAKER_00]: You're not listening You're not You're not watching any finance channels and they're talking about hyper liquid yet, but I believe you will be
9:39
[SPEAKER_00]: Because I think that once this thing really starts to get integrated we saw that they announced a partnership with Coinbase I can only imagine I think you're going to see a lot more partnerships maybe with like the Nasdaq different companies around trading Citadel who know like who knows?
9:54
[SPEAKER_00]: I'd obviously don't have any information for that But you're going to start to see these partnerships and then it's going to start then once once the old guards pile up into the ETF and they get their partnerships and get their piece of a pot out of the pie Then you're going to see the roll out
10:09
[SPEAKER_00]: into trading in the US, exactly like the, um, it's going to be exactly like the, uh, betting markets.
10:16
[SPEAKER_00]: You're a polymarker.
10:17
[SPEAKER_00]: Remember, we were, we were on the polymarket betting market super cycle before we had any access in the US.
10:23
[SPEAKER_00]: And then all this sudden, you're next break in with how many different betting market apps you can use polymarket, uh, calcium, draft king's betting markets.
10:32
[SPEAKER_00]: This betting market, betting market, this betting market, that I feel like hyper liquid is kind of,
10:38
[SPEAKER_00]: That has the pathway paid for them via the betting market kind of super cycle that went on everybody's going to figure it out everybody's going to get the piece of the pie and then they're going to be it's going to be open season for the hyper liquid useification for the U.S. what do your thoughts on that take
10:54
[SPEAKER_01]: I love that take man.
10:55
[SPEAKER_01]: I could talk hyper liquid for the entire rundown.
10:58
[SPEAKER_01]: That's how much I love the take on hyper liquid and what they're doing my guy.
11:03
[SPEAKER_01]: It's a great, again, it's just a great product and good revenue and I don't think it's talked off.
11:10
[SPEAKER_01]: Again, I'm not buying it at all time high, but I think there's, there's some opportunity.
11:14
[SPEAKER_00]: I got a price discovery mode, believer.
11:18
[SPEAKER_01]: You know, maybe, maybe, maybe, I mean, I am, I'm not selling.
11:22
[SPEAKER_01]: I'll tell you that much, and I bought some yesterday.
11:24
[SPEAKER_01]: So again, not finding it to advice.
11:25
[SPEAKER_01]: I was getting kind of caught up in the photo and the group chats with my friends that aren't huge crypto savvy guys.
11:33
[SPEAKER_01]: I told them a couple months ago when they were, you know, they want to use the centralized exchange and hype just got listed on some centralized exchanges and they were like, hey, what's something other than like,
11:41
[SPEAKER_01]: the Bitcoin now is Tom the like you know hold on to and it was hype and you best believe I fired off some screenshots of the boys today so that does feel a little like top signal but again this could be price discovery and and you're right we haven't even it's just the tip of the iceberg it's not even being covered as much as it should be and I think we're going to start hearing more and more people in the standard outside of the
12:09
[SPEAKER_00]: Yeah, it's it's the tip of the iceberg because again remember we are in crypto winner and even though this chart is looking Possibly a little extended as it goes into all-time highs I think it's one of those things when you're in these and this is what we're gonna cover Later in the show's a little teaser when you're in these kind of macro environments We're nothing seems super clear.
12:28
[SPEAKER_00]: It's not a green light for all risk assets by any means in this interesting time
12:34
[SPEAKER_00]: uh... that again we'll discuss that a little bit but i think you're gonna have opportunities to get in here over over you know the course of some volatility so something to keep a look out for uh... we got some people in the chat here we got grant grant from tampa always love to see grant back in the chat as he's been on these been gone for a little bit could see grant could see dead out in Santa Barbara holy whale i believe up in canada
12:55
[SPEAKER_00]: Baylor bears here.
12:56
[SPEAKER_00]: Good to see the bear back.
12:58
[SPEAKER_00]: Who else is here?
12:58
[SPEAKER_00]: Let us know in the comments.
13:00
[SPEAKER_00]: Who is here watching?
13:01
[SPEAKER_00]: Where are you watching from?
13:02
[SPEAKER_00]: Let us know.
13:03
[SPEAKER_00]: And as always, give it a like.
13:04
[SPEAKER_00]: Subscribe bottom right if you're new.
13:07
[SPEAKER_00]: CJE, he says CJE, front of the show.
13:11
[SPEAKER_00]: Hype or VVV, which is Venice.
13:14
[SPEAKER_00]: Interesting questions, CJE, because if you want to talk price discovery,
13:19
[SPEAKER_00]: That's what's going on today in Venice Token, hitting an all-time high.
13:22
[SPEAKER_00]: Today, today, folks, a little volatile, like 24 hours up and down, up and down, breaking out here, a little one month, a nice little dip there, Venice, one month, 100 percent, one week, 30 percent, is Venice Token something that we talked about last week, Brian, could you remind me?
13:41
[SPEAKER_01]: Yeah, for sure.
13:44
[SPEAKER_01]: We brought up the chart.
13:45
[SPEAKER_01]: Hey, shout out to the Momeni money makers.
13:47
[SPEAKER_01]: Well, the whole the whole crew.
13:49
[SPEAKER_01]: We've been talking about this friend.
13:50
[SPEAKER_01]: We called this sucker on April the 16th at a $50 million market cap.
13:55
[SPEAKER_01]: It's market cap right now is a much higher, a much higher than that.
14:00
[SPEAKER_00]: 153 million.
14:02
[SPEAKER_01]: I mean, in Joe and I did a great job breaking that down in a lot of obvious reasons with the AI trade and privacy and the guy behind this aired Voorhees and CJ, I saw that comment come up when he goes, uh, VVV or hype, not gonna lie kind of, kind of gave me like, uh, the bubble got's a little bit because I wasn't sure how to answer it because not only did I buy a little bit of hype yesterday, I bought some VVV,
14:28
[SPEAKER_01]: Because I love, I love both these projects.
14:31
[SPEAKER_01]: There's three projects that I'm like pretty hot, I mean there's a lot of like meme coins and fast movers that we talk about weekly within a moment of money makers, but there's three projects that I've been pretty hot on for a very long time right now and that's
14:46
[SPEAKER_01]: That's been hyper-liquid, that's been Venice, and I really, I've, like, Z cash-free long time as well, and all three of them been performing, but yeah, Tivo, we talked about Venice on Friday, and it was a great opportunity to get in on it, and again, I still think this has room to run, and it kind of tells the same story as hype.
15:05
[SPEAKER_01]: Like, do I want to buy an all-time high, like,
15:07
[SPEAKER_01]: That's not my trading style to buy an all-time high, but I also hold a lot.
15:11
[SPEAKER_01]: So if I bought here and was just like, hey, I'm just going to hold this for a while.
15:14
[SPEAKER_01]: I feel completely comfortable because I think this has some serious fundamentals, has some good technicals, and I think we keep going, man, and I'm excited.
15:26
[SPEAKER_01]: So hype in VVV to answer CJ's question.
15:30
[SPEAKER_01]: If you're asking that question, I'd probably just split it 50, 50 down the middle, not financial advice, but that's the play I've been doing.
15:37
[SPEAKER_00]: Yeah, it's interesting here.
15:39
[SPEAKER_00]: I'd love to get their hunter, Brendan on the show, maybe we can break down some technicals next week when we have one of them on because you do have a little bit of like a head and shoulders here.
15:48
[SPEAKER_00]: So is momentum going to fade, but then it's token being tied to the eye trade.
15:54
[SPEAKER_00]: You know, is it going to go higher?
15:56
[SPEAKER_00]: We are in video just reported earnings.
15:59
[SPEAKER_00]: That was good.
16:00
[SPEAKER_00]: Obviously, there's the
16:01
[SPEAKER_00]: kind of the memory trade and the semi trade and the power trade all based around this AI things.
16:06
[SPEAKER_00]: So Venice is riding the AI co-tails.
16:08
[SPEAKER_00]: If there's a cool off, I mean you could definitely go see it kind of testing, we don't have the moving averages up, but going to test some support levels down in there.
16:15
[SPEAKER_00]: But again, doing your research, understanding what you want to own, you got to make your own financial decisions, but maybe that's an area to get in if there is a cool off period.
16:25
[SPEAKER_00]: something that will cover on the show, but more importantly, something that will cover inside the community, and you can get first alerted, like Brian said, you gave this out at a what market cap run?
16:34
[SPEAKER_01]: I'll write it on a 50 million.
16:35
[SPEAKER_01]: I mean, a bottom tick to write it on a 50 million.
16:37
[SPEAKER_01]: So let's just say between a 50 and a 75 million dollar market cap, it was April the 16th.
16:42
[SPEAKER_01]: I looked it up, uh, I looked it
16:50
[SPEAKER_00]: That basically down here and then you're 50, 50, 50, 50, 50, 50, 50 million.
16:56
[SPEAKER_00]: This is unbelievable call.
16:58
[SPEAKER_01]: And people ask, like, how did we notice that?
17:01
[SPEAKER_01]: Well, they have a great founder, a great story, a really great project.
17:06
[SPEAKER_01]: And we noticed that the AI trade was starting to pick up more and more people and that's not just in crypto That's just across the entire stock market.
17:13
[SPEAKER_01]: It's across everything anything with AI was starting to boom But for good reason in Venice had this story around being a privacy layer Connected with LLMs The partnerships in the narrative where he's is a great founder.
17:26
[SPEAKER_01]: So we kind of took all that information I still remember the the morning Joe and I sat down.
17:30
[SPEAKER_01]: I was like we like this VV token and credit to Joe He really liked it as well
17:35
[SPEAKER_01]: And we were like, man, we should make it a call and we've been riding it ever since I know our community's been happy with it, so I'm fired up for them and again, I still think
17:47
[SPEAKER_01]: that has room to run it, not to say it's not gonna correct and we're not gonna have a better buying opportunity.
17:52
[SPEAKER_01]: I think that's certainly on table because nothing goes up in a straight line, but it's just a great project.
17:57
[SPEAKER_01]: So those are two of my favorite projects right now in crypto and just to go even though Bitcoin, it's a lot in Ethereum run, this weird choppy section doesn't mean that there's not really great opportunity and this is why people need to be paying attention to what's happening in the crypto market
18:17
[SPEAKER_01]: What the heck everyone thinks some of these top also gonna do?
18:20
[SPEAKER_01]: I don't know if we'll have this complete alt-season where anything you buy is gonna go up but I think some top alt are just gonna absolutely rip.
18:28
[SPEAKER_00]: people are asking wins all coin season and again a final call for momentum money makers if you're somebody that wants this type of information if you want the first alerts to be able to go in and get those trades at the 60 million dollar again a little bit more risky got to be a little bit more involved into your research but if you want to join inside the community we have a dollar trial for Brian and Joe's momentum money makers as we do when they join the show.
18:50
[SPEAKER_00]: So scroll down in the description, check out that link for $1.
18:53
[SPEAKER_00]: You can get their entire lineup, their entire picks, and test out the Momentum MoneyMakers community.
18:58
[SPEAKER_00]: You see if those type of alerts and education is something that you'd be interested.
19:03
[SPEAKER_01]: Give it a look.
19:03
[SPEAKER_00]: These guys are unbelievably hot over the last six.
19:06
[SPEAKER_00]: It feels like two months now, which is just, you know.
19:10
[SPEAKER_00]: credit to you guys for doing that in kind of a macro sideways market.
19:14
[SPEAKER_00]: It's just been so interesting, right?
19:15
[SPEAKER_00]: Like software down, AI trade up Bitcoin, not necessarily down in the last month, but over the last over the year kind of Bitcoin down, Ethereum down, but like man, just some absolute winners.
19:26
[SPEAKER_00]: in both the meme department and you know Venice being an AI trade plus hyper liquid just absolutely you know dominating the revenue space of the trading market and if you're interested Robin Hood did just launch uh VVV which is Venice so if you're wondering and you couldn't find Venice token uh VVV now live on Robin Hood uh let's see 10,000 tokens which one was this?
19:53
[SPEAKER_00]: uh... this is this is from friday this is from friday uh... just pat all right sorry folks the pat on the back continues uh... if you tuned into the live last friday those six days ago we gave it at a teacall it was free to mint correct it was a free mint
20:09
[SPEAKER_01]: Well, it was 0.01 and you could admit three of them.
20:13
[SPEAKER_01]: It ran all the way up to 0.15.
20:16
[SPEAKER_01]: Just today, it's kind of gone down quite a bit because what we talked, check it out on Friday, but what we talked about is that we were still waiting for the mechanics.
20:24
[SPEAKER_01]: You burn this end of team.
20:25
[SPEAKER_01]: You can launch your own token.
20:27
[SPEAKER_01]: But just at the time, it was a new mechanics where the utilizing NFTs really innovative really interesting in Joe and I were like looking at each other on Friday.
20:36
[SPEAKER_01]: I think it was that it was during the show.
20:38
[SPEAKER_01]: It was still live and we both minted Max minted.
20:42
[SPEAKER_01]: I bought someone the secondary.
20:44
[SPEAKER_01]: I think the next day and it ran all the way up to 0.15 Ethereum, so a 15x from mint.
20:51
[SPEAKER_01]: Amazing.
20:52
[SPEAKER_01]: You know, I sold my position a few days ago because, you know, I say it all the time.
20:57
[SPEAKER_01]: Like if you're going to five, ten extra position, sell some.
21:02
[SPEAKER_01]: Take some profit so you can really ride it.
21:04
[SPEAKER_01]: I completely exited it.
21:06
[SPEAKER_01]: But I'll probably look to maybe get back in it at the right time.
21:09
[SPEAKER_01]: And it was, it was a good time to sell because it's, it's gone down since then, but still five extra mint.
21:16
[SPEAKER_01]: What if I told you that this Friday, we had an opportunity between a five and 15X everybody and their mother would pile into it.
21:24
[SPEAKER_01]: So anybody I know there's some people in our community that got into it, they heard about it on the run down because they messaged me.
21:31
[SPEAKER_01]: just we were kind of like, you know, patting ourselves on the back, everybody in the community, but congrats to anybody that got it.
21:37
[SPEAKER_01]: Very cool mechanics, but it just goes to show you.
21:39
[SPEAKER_01]: It's another reason why even though we're trading sideways with some of these bigger larger market caps, there's opportunity out there and it's not something to power on money into, but let's have some fun.
21:50
[SPEAKER_01]: It's time to pay attention because you can catch a five to 15 x as easy as just
21:57
[SPEAKER_00]: And then again, yeah, that was a great call.
21:58
[SPEAKER_00]: That's what you got a 15x just for watching the rundown on Friday.
22:01
[SPEAKER_00]: That's how cool this show is.
22:04
[SPEAKER_00]: We appreciate everybody tuning in live on the YouTube.
22:06
[SPEAKER_00]: Somebody said they're watching from my mother's house.
22:09
[SPEAKER_00]: Internet money man, thank you so much.
22:11
[SPEAKER_00]: Hopefully you took your shoes off because if you didn't, I'm sure you got a spanking.
22:16
[SPEAKER_00]: I'm moving on.
22:18
[SPEAKER_00]: We got to talk about some fears for Bitcoin as kind of we said in the title and in the thumbnail which Brian looked like an absolute Bitcoin superhero what what are the what's holding Bitcoin back people were wondering.
22:31
[SPEAKER_00]: we kind of had the momentum from the markup for the clarity act and then yeah there was a pop there especially in some crypto equities some altcoins but it wasn't sustained it was kind of a sell the news which we warned about nobody really knew how that might take off now it's kind of going to be a polymarkets in that range of like what the 60 65 to 70% range for the clarity act to actually pass if it's going to pass it looks like it's going to be June or July.
22:57
[SPEAKER_00]: So any any news or any of the Democrats that come out that could be a huge swing vote and start to support this thing.
23:04
[SPEAKER_00]: The odds are going to go up the momentum for the price action is going to go up, but we're not quite there yet.
23:08
[SPEAKER_00]: So from a macro level, the clarity act is still hanging over the crypto market and then it's something.
23:14
[SPEAKER_00]: that we haven't talked about luckily for three weeks now four weeks now because we just got so tired of it but when it comes to what's going on in the middle east I don't even know what to call it anymore that people call it the war but there's just there's there's shenanigans going on in the straight or her moves nobody really it's not fully unlocked and it's causing a lot of stress especially in the oil markets and so as that happens and
23:37
[SPEAKER_00]: you know kind of it starts to leak into that inflation data now's the point in time where okay if it happened and it was three four weeks not a big deal everything will kind of go on but now that this stuff has been lingering for six eight nine ten weeks it's starting to get to the point where this stuff is going to creep into the inflation data
23:55
[SPEAKER_00]: And we had a PPI CPI reading last week or yeah last week right, that was a little hot.
24:02
[SPEAKER_00]: And it's something that again, the Fed is that wants to in theory cut rates with the new Fed share is going to come in and look at this data and be like all right.
24:11
[SPEAKER_00]: I don't I don't know.
24:12
[SPEAKER_00]: I don't know if we can cut and then it doesn't even quite matter because if they decide that they want to go crazy and cut the bond market, the bond vigilantes as they're call are going to revolt and you're long into the curve is going to go up.
24:25
[SPEAKER_00]: which we've started to see that start to creep up.
24:28
[SPEAKER_00]: So I wanted to just say I pulled some some charts there for some some gas some pump prices here.
24:36
[SPEAKER_00]: And so this arrow here in 22 that was where we kind of the Russia Ukraine war started and it got all the way up here.
24:44
[SPEAKER_00]: Here's where we started for Iran and we've gotten all the way up here.
24:48
[SPEAKER_00]: So
24:48
[SPEAKER_00]: Where does this end is an interesting kind of, uh, guessing game that nobody truly knows.
24:54
[SPEAKER_00]: I'm not pretending to know.
24:56
[SPEAKER_00]: I'm just seeing that, hey, the data here, it's a surge.
24:59
[SPEAKER_00]: Gastling prices surge most ever after the start of the random work from kind of the flat line all the way up.
25:05
[SPEAKER_00]: So it's something that I think worth noting, especially in the airline industry.
25:09
[SPEAKER_00]: I know jet fuel is a cause of concern, especially over in Europe.
25:14
[SPEAKER_00]: So that's something that I'm tracking Brian.
25:16
[SPEAKER_00]: Is there anything specifically that comes to mind from the macro trade?
25:21
[SPEAKER_00]: So the Clarity Act, the inflation, what's your top kind of keeping an eye on for that Bitcoin Ethereum macro crypto trade?
25:29
[SPEAKER_01]: Yeah, I mean, I think the biggest thing here is the market doesn't love uncertainty, especially these bigger, bigger market cap coins, like the big coins, the Ethereum, like a lot of these major coins, everyone's like using is a safe haven, so they don't love what's going on, it's back and forth about long, what's going on with Iran, we got really great news around the Clarity Act last week.
25:48
[SPEAKER_01]: That was great news and that was a sell the news type of event we talked about it live.
25:52
[SPEAKER_01]: I think I had a purpose open if I remember correctly and I was like I'm closing this thing because I think we kind of peel back and we're just going to probably chop this this upper 70s range I wouldn't and we're really dependent on what's happening in the overall macro environment of news again and that doesn't surprise me and I I think institutional interest is still very very high in Bitcoin.
26:15
[SPEAKER_01]: I think there's a lot of paths
26:16
[SPEAKER_01]: for us to get to another all-time high, but we've said at a time, this does not strike me as the time where we're just gonna rocket ship up to $100,000.
26:26
[SPEAKER_01]: It's gonna be a little bit of a dogfight back to 90, back to 100, and we're gonna have funny, choppy weeks where we're all kind of just looking at each other like what's going on here, but nothing overall makes me feel fearful about where the crypto market's going or where Bitcoin specifically's going.
26:44
[SPEAKER_01]: I'm still a permable and bitcoin.
26:46
[SPEAKER_01]: I just see some other opportunities and some of these other coins that we've talked about right now and that's keeping some of my available funds on the sidelines where I might just buy bitcoin and hold down I'm trading a little bit more in some other opportunities until we see a clear path or get a resolution and I ran or we get a clarity act more momentum there.
27:06
[SPEAKER_01]: There's a path where we keep going but I think you broke it down
27:11
[SPEAKER_00]: Yeah, one thing that I'm keeping on I mentioned rates.
27:14
[SPEAKER_00]: I'll pull up this one, this chart that I found.
27:16
[SPEAKER_00]: So again, this is a longer term chart that dates all the way back into the beginning of 2023, as you can see, you know, it's kind of been in a range.
27:27
[SPEAKER_00]: This 30 year is getting a little ahead of itself.
27:30
[SPEAKER_00]: Even the 10 year hasn't broken out compared to its highs since 2023.
27:34
[SPEAKER_00]: The 30 year has and what that means for somebody that doesn't know what the 30 year is.
27:39
[SPEAKER_00]: Like, okay, the US sells debt to people.
27:42
[SPEAKER_00]: What's it going to cost?
27:43
[SPEAKER_00]: What percentage of a quote unquote return is going to be needed to buy the 30 year bond?
27:49
[SPEAKER_00]: And the prices are going up.
27:51
[SPEAKER_00]: And that's because obviously there's a debt crisis, you know, we've talked about that, how the U.S. is, you know, just continuously adds on debt.
27:59
[SPEAKER_00]: There's wars, there's inflation, there's fears.
28:02
[SPEAKER_00]: So is this thing creeps up?
28:03
[SPEAKER_00]: And then, I guess the average person, I feel like it doesn't truly understand that.
28:09
[SPEAKER_00]: Okay, Kevin Worsh is the new Fed chair, and yeah, he's mouthpiece that he wants to lower rates, but it's a committee.
28:15
[SPEAKER_00]: It's not one person that can go in and say, hey, this is what we're doing.
28:19
[SPEAKER_00]: it's he's the focal point definitely the mouthpiece of the fed for sure is the fed president but he doesn't have a lever that he can just pull automatically by himself he has a full committee chair pal is staying on as we covered and and he's going to be the punching bag for Trump so it honestly it's kind of not that this is a rate uh... fed chair podcast
28:41
[SPEAKER_00]: It's kind of a almost in a way you could give it a take that it's a little bit honorable Chair Powell to stay on because it gives it gives it gives will gives Worst cover to not have to cut rates or it's gonna get it's like, hey, like we're split and and because Powell staying on he's gonna probably be the punching bag
29:00
[SPEAKER_00]: for Trump because he's just for he's going to swear and I think Kevin works from Friday.
29:05
[SPEAKER_00]: So I think he gets a little bit of a runaway, a pal is going to be the punching bag, but there's no quick flip to lower rates.
29:11
[SPEAKER_00]: And then even if they do agree to lower rates in the economy is not a good standing inflation is not under control and the debt's not under control.
29:19
[SPEAKER_00]: the bond market could revolt so a lot of moving parts there not the most exciting thing to cover or watch but it's something I'm keeping my eye on because if the bond market really starts to rise risk assets uh definitely take a back seat in that environment.
29:34
[SPEAKER_01]: yeah well said man and i i think i think you made a really great point there about how people people might expect Kevin wars to come in and just like cut rates uh i highly doubt that's gonna be during his first meeting well it's sometime in mid-June and yeah you're you're right there that is honourable of Powell to stay on just so trump could hammer him on the background i mean that guy's got thick skin uh that's off the pile for just taking licks left and right by uh the most powerful man in the world
30:03
[SPEAKER_00]: Yeah, well, a purple try.
30:05
[SPEAKER_00]: Purple tie keeps him strong.
30:06
[SPEAKER_00]: I'm never for you to hold me.
30:08
[SPEAKER_00]: I would have took the other side of this trade, honestly.
30:10
[SPEAKER_00]: So like, you know, I know me and you had our futures.
30:12
[SPEAKER_00]: I did Coinbase and scaled out.
30:14
[SPEAKER_00]: You did Perps for Bitcoin.
30:16
[SPEAKER_00]: But if you would have told me that the Clarity Act Markup went well and there was no crazy, you know, hold up on it and it was going to vote in the Senate.
30:24
[SPEAKER_00]: I wouldn't have personally bet that Bitcoin would have been down 5% on the week.
30:30
[SPEAKER_00]: You know, hey, we patterned back a lot.
30:31
[SPEAKER_00]: I didn't see that one coming.
30:33
[SPEAKER_00]: Obviously in a range, still green on the month up to percent, but given given some of those gains back, and I thought it was cool.
30:41
[SPEAKER_00]: A good time.
30:41
[SPEAKER_00]: We talked about, hey, here's what we're seeing from a macro environment.
30:45
[SPEAKER_00]: There's a lot of macro headwinds.
30:46
[SPEAKER_00]: I think for Bitcoin right now.
30:49
[SPEAKER_00]: And it thought it was a cool time to bring up the crypto fear and greed because we've been in that neutral for over a month now, which is great.
30:56
[SPEAKER_00]: Uh, definitely climbing back from when we were in the, uh, the red there, but it's starting to lean towards, uh, back to a little bit of fear, which I find really interesting because again, it's the crypto fear and greed index, not just the Bitcoin one, and there's, there's, like we covered in the top of the show man.
31:12
[SPEAKER_00]: There's winners to be had, but the, the whole market itself.
31:16
[SPEAKER_00]: with the macro overhangs is starting to feel a little heavy as we go into the summer.
31:25
[SPEAKER_01]: I don't know it's it's kind of summer time too.
31:28
[SPEAKER_01]: What's selling me is always like.
31:30
[SPEAKER_01]: Oh, no, no, wait.
31:33
[SPEAKER_01]: Is that true?
31:34
[SPEAKER_01]: Probably to a point here.
31:37
[SPEAKER_01]: I'm not so my Bitcoin anytime soon in I agree with you.
31:41
[SPEAKER_01]: Did I expect it to be down 5% from the clarity act news?
31:44
[SPEAKER_01]: No, but I'm not overly surprised either.
31:47
[SPEAKER_01]: I still think there's a ways to go for us to.
31:50
[SPEAKER_01]: It's good.
31:50
[SPEAKER_01]: It's good.
31:51
[SPEAKER_01]: Like I said earlier, it's gonna be a battle getting back to 80, getting back to 90.
31:55
[SPEAKER_01]: I think we get there and I'm I'm comfy in my bag, especially Bitcoin, but there's some other opportunities.
32:01
[SPEAKER_01]: I'm certainly spending my time.
32:04
[SPEAKER_00]: Yeah, well, if he sold in May last year, that wasn't the right call, because May 1st, Bitcoin was around 95, and then, you know, an August 15th, or at 118, 120.
32:15
[SPEAKER_00]: So you didn't want to sell in May last year, specifically for Bitcoin.
32:18
[SPEAKER_00]: That's an old saying for the traditional markets.
32:20
[SPEAKER_00]: I actually think the data around that proves that that's not quite true.
32:24
[SPEAKER_00]: But um, there's just a lot going on.
32:25
[SPEAKER_00]: There's a lot with the macro.
32:27
[SPEAKER_00]: There's the new fed chair.
32:28
[SPEAKER_00]: We've talked about all these things on the show.
32:29
[SPEAKER_00]: It's stuff that we're watching.
32:31
[SPEAKER_00]: Um, it just feels, it feels like, uh, you know, being nimble.
32:34
[SPEAKER_00]: Being nimble is what momentum money makers is all about.
32:37
[SPEAKER_00]: Being nimble and changing your opinion and gathering the facts and getting educated is what it's all about in these markets.
32:43
[SPEAKER_00]: And you can't do it alone.
32:45
[SPEAKER_00]: And that's why we'd like to say, you know, hey, you're in the right place.
32:48
[SPEAKER_00]: We really appreciate everybody who always listens.
32:50
[SPEAKER_00]: So if you're new here,
32:51
[SPEAKER_00]: bottom right hit the logo subscribe if you're enjoying this episode live give us a thumbs up we've got uh we've got uh solid number of people here so i want to see some solid number of thumbs up uh and if you're interested in joining Brian's community with Joe uh the $1 trial is in the description as always as we continue on let's see who's in the chat let's see Baylor bears still there internet money what about uniswap they may be take on uniswap i mean that's like they kind of
33:21
[SPEAKER_01]: Yeah, I, you know, I don't want to speak to out of hand with the uni swap because I haven't looked at that chart or the price action recently.
33:28
[SPEAKER_01]: I mean, it's the number one decks on Ethereum.
33:31
[SPEAKER_01]: I mean, it's, it's not going anywhere, but probably need to kind of take a look at same things a little closer, personally.
33:38
[SPEAKER_01]: I think there's maybe some better opportunities out there, but not to say uni swap's not a great product.
33:43
[SPEAKER_01]: I mean, I use it all the time.
33:45
[SPEAKER_01]: I use it quite a few times yesterday.
33:47
[SPEAKER_00]: Yeah, just token-wise and using sometimes is a little different.
33:51
[SPEAKER_00]: I know we put out a chain link podcast and a lot of the comments where love chain link chain link labs token not quite.
33:58
[SPEAKER_00]: What we would have hoped for so interesting.
34:01
[SPEAKER_01]: It's kind of like it's kind of like the youth story, too, right?
34:04
[SPEAKER_01]: Like I love it and everything about youth and what's going on in the thesis, thesis behind it.
34:10
[SPEAKER_00]: Well, yeah, we'll get the job that we're doing here.
34:13
[SPEAKER_00]: You're jumping around, just to stick on Bitcoin one last point was an interview with Scott Melker out of consensus, I believe, where there's just making some noise on the U.S. strategic Bitcoin reserve.
34:24
[SPEAKER_00]: We covered it, and I think I went on a pretty long ran on that when I was like, listen.
34:28
[SPEAKER_00]: would love to see it not going to believe it until it happens uh... but the apparently there is a bill it has bipartisan support uh... and i think it's just around not selling the big one right it's like basically the same thing is the executive order no any any details you have brought
34:45
[SPEAKER_01]: You know, I thought it was interesting, and the reason why I kind of wanted to touch based on I thought it was interesting because it's, I believe it's co-led by a congressman, a Jared Golden, and he's a Democrat.
34:56
[SPEAKER_01]: So that's interesting.
34:57
[SPEAKER_01]: It has some bipartisan support.
34:59
[SPEAKER_01]: I haven't heard that a ton.
35:01
[SPEAKER_01]: I think the Bitcoin strategic reserve would be an absolute, I mean, that's what gets us, like, the rocket ship up to 100 grand.
35:10
[SPEAKER_01]: I think we have like 25 billion in holdings or something around those lines with the United States.
35:17
[SPEAKER_01]: It's good to see that it's still being talked about within these congressmen, we're getting bipartisan support.
35:22
[SPEAKER_01]: So we're going to see how this continues to develop.
35:25
[SPEAKER_01]: I want to see it happen more than anybody.
35:27
[SPEAKER_01]: I don't think it's going to happen.
35:29
[SPEAKER_01]: in the very near future, but it's great to see that it's being talked about, and I think it's even more impressive that we have a Democrat and a Republican that are trying to figure this out.
35:37
[SPEAKER_01]: They see the value of holding Bitcoin.
35:41
[SPEAKER_01]: If that's buying Bitcoin, I think once we get more support, there will be more talks about buying and adding Bitcoin to this strategic reserve, but we'll see how this all goes, but it's great to see being talked about still.
35:54
[SPEAKER_00]: Yeah, I just came up with like a little tin foil hat theory on on the whole reserve.
36:00
[SPEAKER_00]: Should I rip it?
36:01
[SPEAKER_01]: Yeah, man.
36:02
[SPEAKER_01]: I don't my tin foil, but get it out.
36:04
[SPEAKER_01]: Yeah, take it out, throw it on.
36:07
[SPEAKER_00]: So I was just running this through my head.
36:09
[SPEAKER_00]: I was like, all this, you know, the administration, the crypto and this in World Liberty Five and the Trump organization, the sons, the family getting so involved in it and like it came out of the gate hot and then we want to get the clarity
36:23
[SPEAKER_00]: bipartisan support so then what does that leave so then midterms come in the fall and you know if this space is in a good spot and clarity act gets past i think it's kind of what we said like what might hold up the clarity act and it's it's about you know rules of the road for families in government officials specifically probably aimed at the trump family um and and what they'll be able to do but like let's just say in a perfect world it gets past and
36:51
[SPEAKER_00]: the Trump family likes it, like in those last two years, you know, it's kind of a free for all, like in the theory, he's not going to get a third term.
36:59
[SPEAKER_00]: He kind of do whatever he wants.
37:02
[SPEAKER_00]: So is that the green is that the green light for him to just go crazy on the Bitcoin strategic reserve and build this little world liberty five, the Trump crypto army and all that, and then pump bags as he sails off into the sunset.
37:15
[SPEAKER_00]: The first time we saw that in the crypto space,
37:18
[SPEAKER_01]: I was getting, and if there's a president that would do it, he's currently the president of the United States, so it's not even, it's not even that far off of an actual tinfoil act.
37:28
[SPEAKER_01]: It's probably what's more likely going to happen.
37:30
[SPEAKER_00]: I was, I was all in, I was all just like, listen, if you want my vote in the midter's this fall, you better do something for me now.
37:36
[SPEAKER_00]: Now I'm like, oh man, no, he's waiting, he's going to get us on the back end.
37:41
[SPEAKER_01]: whatever story we can draft up to get this strategic reserve across the finish line I'm 100% in on but the point is is that if there's a guy that would probably do it it's Trump.
37:53
[SPEAKER_01]: I mean, it just is what it is.
37:54
[SPEAKER_01]: Love him right?
37:55
[SPEAKER_01]: I'm exactly what it is.
37:57
[SPEAKER_00]: True, and he's, you know, he's not trying away.
37:59
[SPEAKER_00]: I saw you wanted to talk about some U.S. regulators and Trump streamlining some rules for the Federal Reserve and FinTech.
38:07
[SPEAKER_01]: Yeah, Trump just signed this executive order that's pushing regulated the stream time stream line, uh, fintech rules and asking the fed to review access to payment rails for all these fintech and a digital asset firms.
38:20
[SPEAKER_01]: So that probably sounds extremely boring.
38:22
[SPEAKER_01]: It was kind of boring to even say, but it's actually a really big crypto infrastructure story.
38:27
[SPEAKER_01]: This is about where the crypto companies, stable coin issuers, uh, fintech platforms can move closer to the core banking system instead of relying completely on partner
38:38
[SPEAKER_01]: Now to be clear, this isn't mean every crypto companies get this fed master account tomorrow.
38:43
[SPEAKER_01]: They'll obviously be restrictions, bank pushback, regulatory safeguards, but directionally, this is a big deal.
38:50
[SPEAKER_01]: It shows the United States is moving towards integrating crypto into more of a traditional finance and keeping it instead of keeping it outside of the system.
38:59
[SPEAKER_01]: So it's great to see that they're still pushing in the direction we want.
39:05
[SPEAKER_01]: You know, I think it's certainly notable to say a little bit boring, but very important.
39:11
[SPEAKER_01]: So that's why it has to be talked.
39:14
[SPEAKER_00]: Appreciate you bringing it up because that did not come across my radar, but interesting stuff to stay a prize to which we do here at the crypto 101 podcast You got it.
39:23
[SPEAKER_00]: You jumped the gun a little bit.
39:24
[SPEAKER_00]: You got a little excited idea and I know you want to talk about e And there's a lot of news going around it specifically for bankless so bankless I guess maybe was
39:36
[SPEAKER_00]: uh... one of the top podcast in crypto definitely one of the first uh... and they they're pretty famous for uh... being big eithpools right and so there's uh... they're not i would i try i don't say this at a spite by any means i try not to watch
39:50
[SPEAKER_00]: No, I did this all at my career, like I just don't like to watch people that make content like we do because I want to have my own thoughts.
39:57
[SPEAKER_00]: I don't want to take thoughts from other people, so I don't consume a lot of that content.
40:00
[SPEAKER_00]: I'm not really familiar with the obviously I'm familiar with the brand and how big they are.
40:05
[SPEAKER_00]: I'm not familiar with as much the individuals.
40:07
[SPEAKER_00]: But a lot of people are leaving.
40:09
[SPEAKER_00]: It seems like Some people are leaving.
40:12
[SPEAKER_00]: There was root.
40:13
[SPEAKER_00]: There was selling of the eat washing their hands of eat people leaving I'm hearing rumors as a production person myself Seeing that some people got laid off So an interesting pivot here for the bankless team not sure where it ends up, but Brian I think you're somebody that's
40:30
[SPEAKER_00]: You know, probably more attuned to this whole team.
40:34
[SPEAKER_00]: So what do you see in and what's the takeaway before we dive into eat, which it leads to?
40:39
[SPEAKER_01]: Yeah, I've always liked David from Bankless, but he did it.
40:42
[SPEAKER_01]: Now, I mean, they were such evils.
40:46
[SPEAKER_01]: That's the thing.
40:46
[SPEAKER_01]: They were a huge evil.
40:47
[SPEAKER_01]: This is like Tom Lee status, evil to me.
40:51
[SPEAKER_01]: And when he said, I think I put on the tweet, I see that it's up, they sold the last of his teeth.
40:55
[SPEAKER_01]: That kind of hits hard because Bankless has been one of the loudest, etheline brands and crypto for years.
41:00
[SPEAKER_01]: So one of one of the guys says, I no longer hold teeth, it becomes a little bit of like, okay, exactly why don't you hold teeth and you make you feel a little concerned.
41:10
[SPEAKER_01]: I don't think this means that David hates Ethereum.
41:14
[SPEAKER_01]: From when I was seeing he's separating Ethereum, the network from the actual ethiaset.
41:20
[SPEAKER_01]: That's why I started talking about earlier.
41:22
[SPEAKER_01]: You were bringing up chain link and I'm a big chain link I too, but the price doesn't feel like it moves.
41:27
[SPEAKER_01]: for as much incorporation as it has in like all these institutions.
41:31
[SPEAKER_01]: And I do think it'll catch up.
41:33
[SPEAKER_01]: But the ethiasis struggle with narrative, it struggled with price performance, and then leadership urgency.
41:41
[SPEAKER_01]: So there's a little bit of that being said, and he kind of like leaned into talking about the leadership of youth in Vitalik.
41:49
[SPEAKER_01]: And Vitalik is a brilliant individual, and he's been talking more about a privacy push in youth,
41:56
[SPEAKER_01]: And I think privacy is a huge point, especially to the native chain.
42:01
[SPEAKER_01]: But without he hasn't really cared about the price of youth.
42:05
[SPEAKER_01]: You know, that's not, is that like the type of leadership that we want?
42:09
[SPEAKER_01]: Or do we want a guy that's more just like, hey, I want to improve in Matt work and make it the foundation.
42:13
[SPEAKER_01]: So David pivoted off of Eve.
42:15
[SPEAKER_01]: It's just something that we have to call out.
42:17
[SPEAKER_01]: I'm still personally trying to form my opinion on Eve.
42:20
[SPEAKER_01]: I still hold my Eve.
42:21
[SPEAKER_01]: I still love Eve and network.
42:24
[SPEAKER_01]: But he makes some good points that it doesn't feel like the price has moved.
42:28
[SPEAKER_01]: The way we wish it was going to move, especially with all the adoption of the network that we've seen.
42:33
[SPEAKER_01]: So it's super interesting to see that David Hoffman sold his teeth.
42:37
[SPEAKER_01]: What's your, what, what is your thoughts on if just right now and where we could go in the future?
42:44
[SPEAKER_01]: Because I know we talked about Tom Lee and everything is happening on Eve, but the price does feel like it feels a little suppressed.
42:52
[SPEAKER_00]: Yeah, it's hard to think about a more talked about project between Bitcoin needs, specifically when Tom Lee took down and started building BitMine.
43:08
[SPEAKER_00]: Yeah, it feels pretty critical to be constructive on the price action.
43:14
[SPEAKER_00]: Obviously, there's dips, but you know, I don't think you can go, in my opinion, I don't think you can go back down to, you know, the last bear market low full of, you know, and I think that would be hard to see and hard to come back from a narrative form.
43:33
[SPEAKER_00]: Yeah, it feels like it's interesting to have the Ethereum foundation and now all these dats and all these other companies and projects that are so integrated into Ethereum and have the Ethereum Foundation continuously sell Ethereum is like probably the biggest red flag for me.
43:52
[SPEAKER_00]: It's not individuals.
43:54
[SPEAKER_00]: It's the foundation itself kind of selling it, but they're selling it.
43:59
[SPEAKER_00]: I guess to people that they believe.
44:01
[SPEAKER_00]: you know, they kind of pick and choose who they sell to, it's not necessarily an open market sell.
44:05
[SPEAKER_00]: So that that's the only thing that raises the red flag for me.
44:08
[SPEAKER_00]: Yeah, it's hard.
44:11
[SPEAKER_00]: It's it's just hard when price action isn't going your way, but, you know, there's been a lot of different trades where, you know, you're you're not necessarily wrong.
44:19
[SPEAKER_00]: You're just early, but there's also people like you see from the bankless guys, you know, again, I don't think that's cutting a lost band.
44:26
[SPEAKER_00]: It means those guys made shit.
44:28
[SPEAKER_00]: Sorry, don't worry about the life-changing amount of money in that trade.
44:32
[SPEAKER_00]: So somebody like that, it's time to, you know, walk away with your winnings and go find your next trade or next big investment.
44:40
[SPEAKER_00]: But something like this that I saw is more interesting because Harvard, which wasn't, you know, a huge stake is 87 million.
44:47
[SPEAKER_00]: But they liquidated their their Ethereum position via the black rock Ethereum ETF.
44:53
[SPEAKER_00]: So, you know, and they just bought that recently, right?
44:56
[SPEAKER_00]: And they're trimming their Bitcoin ETF.
44:59
[SPEAKER_00]: So I don't know what, you know, a fund like that has a lot of people that manage it and make decisions in it.
45:05
[SPEAKER_00]: So maybe there's a leadership change in the fund and they don't believe in crypto.
45:09
[SPEAKER_00]: I don't have the specifics of why they're doing it, but it is interesting because they're selling it probably at a loss and it's newer, it's, you know, a newer investment for them, correct?
45:18
[SPEAKER_00]: So,
45:19
[SPEAKER_00]: it's uh, it's interesting to see that.
45:21
[SPEAKER_00]: But overall, I think the, the, the, the, the forecat, or sorry, the storylines there, I believe in kind of crypto being the future of money.
45:31
[SPEAKER_00]: And I think that even though the AI trade has taken the momentum and a lot of the liquidity,
45:37
[SPEAKER_00]: I think we've talked about this on the show how it circles back, right?
45:41
[SPEAKER_00]: All these AI agents that are going to be doing transactions on behalf of businesses and people, what's that settlement layer going to be?
45:51
[SPEAKER_00]: I don't think it's US dollars.
45:53
[SPEAKER_00]: And again, I don't have the answer, but I think this new crypto technology can be done in the language of these new AIs and it can simplify the transactions between them.
46:04
[SPEAKER_00]: I really like that storyline and think that a lot of this momentum can circle back into the crypto markets.
46:10
[SPEAKER_00]: It's just, you know, it's not when it's not your time, it's not your time.
46:14
[SPEAKER_00]: And the grass always looks greener and maybe you can time it right and run over to the other side of the green and hit some big trades, but you know, you can also get caught in the rotation and by the top, right?
46:26
[SPEAKER_00]: So,
46:26
[SPEAKER_00]: It's kind of where I am.
46:27
[SPEAKER_00]: I'm not making any drastic moves and I kind of believe in the research that, you know, we've done a team in the show.
46:34
[SPEAKER_00]: So stay and put because, you know, again, when you're getting wins like hyper liquid, when you're getting wins like Venice, you know, you know, you're in the right area, right?
46:42
[SPEAKER_00]: You know, you got it kind of in a way, kind of validates a lot of your decisions because, you know, you're still you're still hitting
46:53
[SPEAKER_01]: Yeah, to be clear, we're not, we're not bagging out like the bankless guys did on our eve positions.
46:59
[SPEAKER_01]: We're here, we're here with Tom Lee side by side.
47:02
[SPEAKER_01]: Certainly, there's some other tokens I've done well.
47:04
[SPEAKER_01]: Rumor has it that Harvard probably sold that eve positioned by the hype ETF.
47:12
[SPEAKER_00]: That's just a joke, that's just a joke.
47:14
[SPEAKER_00]: But, no, it's an inside baseball for us.
47:19
[SPEAKER_01]: Oh yeah, did you guys see this video at all?
47:21
[SPEAKER_01]: I had to put it on our sheet just because it's ridiculous.
47:24
[SPEAKER_01]: It's Tom Lee and the other individual is David Hoffman.
47:27
[SPEAKER_01]: You got to love AI.
47:28
[SPEAKER_01]: But that's what happens.
47:30
[SPEAKER_01]: That's what Tom Lee will do to you if you sell your eat.
47:33
[SPEAKER_01]: It actually found that because I was looking at David Hoffman of Bankless's Twitter page and what a beauty, man.
47:42
[SPEAKER_01]: He retweeted it, which is ridiculously funny, but Tom Lee just punishing you if you sell your ETH.
47:51
[SPEAKER_00]: Oh, yeah.
47:51
[SPEAKER_00]: I'm scared to sell my ETH after seeing this.
47:54
[SPEAKER_00]: That's pretty wild.
47:55
[SPEAKER_01]: My son, who's five years old saw me looking at that video today, and he goes, Did that guy's teeth get knocked out?
48:02
[SPEAKER_01]: That's a big E. No joke.
48:04
[SPEAKER_01]: I look right out of my go.
48:06
[SPEAKER_01]: Sure did.
48:06
[SPEAKER_01]: That's what happens when you sell your ETH.
48:08
[SPEAKER_01]: And he goes, what the ETH?
48:13
[SPEAKER_00]: Do not sell your eats as Tom Lee or I'm coming for you via the octagon, but yeah, just yeah so I mean we cover the news it's what we do and so yeah that's definitely not a you know little negativity around Ethereum, but
48:28
[SPEAKER_00]: You know, there's certain famous things that can be bottom signals.
48:32
[SPEAKER_00]: So I think that's a bankless selling their eat.
48:35
[SPEAKER_00]: I think it's something you put on the Ethereum chart, just as a note, and you come back to it three, six, and the year later and see, see what that looks like.
48:43
[SPEAKER_00]: For sure.
48:44
[SPEAKER_00]: And we'll continue to cover it.
48:45
[SPEAKER_00]: But yeah, I mean, friend of the show, Tom Lee, don't come at us.
48:49
[SPEAKER_00]: Well, we'll be in your corner.
48:50
[SPEAKER_00]: We're in your corner.
48:51
[SPEAKER_00]: We're in your corner any day.
48:52
[SPEAKER_01]: TV is a cop man.
48:54
[SPEAKER_00]: I'd be a good cut man, I think.
48:56
[SPEAKER_00]: We got some IPO news.
48:58
[SPEAKER_00]: This is something that again, we will continue to cover because I think from a liquidity standpoint, it's important when this stuff comes to the public markets, the retail want for this IPO is going to be crazy.
49:10
[SPEAKER_00]: So SpaceX officially filing and there, I think that's it's coming live sooner rather than later.
49:16
[SPEAKER_00]: I think this is getting done in the next couple weeks, if not month,
49:20
[SPEAKER_00]: via Goldman Sachs, a big payday for Goldman Sachs, sick ticker, G.S.
49:25
[SPEAKER_00]: for bringing this live.
49:27
[SPEAKER_00]: So SpaceX coming live and they have some Bitcoin on their balance.
49:30
[SPEAKER_00]: She don't they?
49:31
[SPEAKER_00]: They got more than a little bit Bitcoin man.
49:33
[SPEAKER_01]: They got almost 19,000 Bitcoin, the Treasury almost 1.5 billion with the B.
49:40
[SPEAKER_01]: And it's been unchanged since 2024.
49:43
[SPEAKER_01]: Hey, whoever's making the call and what to add to the Treasury at Space X, we need to get them on the show because they're price sitting pretty comfy with those buys from 24.
49:53
[SPEAKER_01]: That was really interesting for me to see that space X, it has all this Bitcoin in their treasury, but then you then you start putting the tin foil hat on you start thinking about it a little bit really tough to bring gold to the moon or Mars I should say you know odd easier to bring the future of money on a treasure.
50:14
[SPEAKER_00]: lot easier.
50:14
[SPEAKER_00]: A lot less weight.
50:16
[SPEAKER_01]: So yeah, who knows, but I thought it's super interesting.
50:21
[SPEAKER_01]: This SpaceX IPO is going to be absolutely huge news and we got more really interesting IPOs coming up this year.
50:27
[SPEAKER_01]: But they got, they got what?
50:30
[SPEAKER_01]: 18,712 Bitcoin in their treasury, which they haven't sold.
50:35
[SPEAKER_01]: So great to see it.
50:36
[SPEAKER_01]: And we'll see what happens here.
50:38
[SPEAKER_01]: Maybe they start maybe they start
50:44
[SPEAKER_00]: I like it.
50:45
[SPEAKER_00]: I like it.
50:46
[SPEAKER_00]: And yeah, I think that's going to be a pot.
50:48
[SPEAKER_00]: Get your popcorn type of IPOs coming up between SpaceX, OpenAI and Thropic.
50:54
[SPEAKER_00]: All those big big names seem to be coming to the plate.
50:58
[SPEAKER_00]: So something to watch, something to report on, which we will do.
51:02
[SPEAKER_00]: But kind of ties into our last point is like, what do you think about Bitcoin and Ethereum, the vibes are low,
51:09
[SPEAKER_00]: but i don't know it's still it's still mainstream we got Drake Drake dropped a bunch of new albums last week on stuff the ice man uh... so Drake wrapped about bitcoin in his new song dust uh... i'm a beat i'm a btc crypto big timer i think i think he even shouted out uh... was it sandbagman freed maybe just uh... yeah i mean it's all big coin still big coin still mainstream thought of what do you think Drake getting in there
51:37
[SPEAKER_01]: All right, this is kind of a hot take man, you know, we, we like Drake.
51:41
[SPEAKER_01]: You know, unbelievable artist makes me a little nervous.
51:46
[SPEAKER_01]: He's talking about Bitcoin because they have you ever seen those bets slips he's had.
51:50
[SPEAKER_00]: Yeah, it's tough, tough, tough.
51:52
[SPEAKER_01]: He's like he's like, have you ever seen the movie The Bronx Tale?
51:56
[SPEAKER_01]: Yeah, it's a there's a guy who do better on anything.
51:59
[SPEAKER_01]: They can't mush mush.
52:02
[SPEAKER_01]: You know if he if mush has a better on it Drake feels kind of like mush.
52:07
[SPEAKER_01]: I don't think and he's too small even though it's huge He's too small to take down Bitcoin himself, but I did see this.
52:13
[SPEAKER_01]: I was like, oh, this is so cool Drake's rapping about Bitcoin It's still mainstream then I was like, oh Drake's rapping about Bitcoin
52:27
[SPEAKER_00]: Yeah, but even even, uh, maybe Drake's just like Bitcoin where you're always down and out and dead, but then even the Toronto Raptors won the NBA championship, he won a lot of money on that.
52:37
[SPEAKER_00]: Great.
52:38
[SPEAKER_00]: All the way.
52:39
[SPEAKER_01]: So great call.
52:40
[SPEAKER_01]: And you only need one winner, man.
52:41
[SPEAKER_01]: You can't have 20 losers, but one big winner, and this is the winner we need him.
52:45
[SPEAKER_01]: I don't care about you.
52:46
[SPEAKER_00]: You're not wrong.
52:47
[SPEAKER_00]: You're just early.
52:48
[SPEAKER_00]: That's exactly what I said earlier.
52:49
[SPEAKER_00]: So, yeah, we don't know.
52:51
[SPEAKER_00]: For those who don't know, Drake's from Toronto.
52:53
[SPEAKER_00]: He represents the six big Toronto sports fan.
52:57
[SPEAKER_00]: And the Raptors won with quiet Leonard years ago, so yeah, I don't know Drake Drake's not at all loser when it comes to back redemption arc.
53:07
[SPEAKER_01]: He's so back.
53:08
[SPEAKER_01]: He's he's so back.
53:09
[SPEAKER_01]: I'm back on Drake with Bitcoin then just with that to honor drapter call But he really needs to stop sharing his bedding slips or we need to start count account or trading or counter trading.
53:19
[SPEAKER_01]: I'm
53:20
[SPEAKER_00]: fade them.
53:20
[SPEAKER_00]: Oh, let's see.
53:21
[SPEAKER_00]: We got Kevin Stanley in the chat.
53:23
[SPEAKER_00]: Unbelievable.
53:23
[SPEAKER_00]: Yeah.
53:24
[SPEAKER_00]: Manly the bandits in here.
53:25
[SPEAKER_00]: Go.
53:26
[SPEAKER_00]: ETC Harp is checking out late starting from the top.
53:29
[SPEAKER_00]: Yeah.
53:30
[SPEAKER_00]: Absolutely.
53:30
[SPEAKER_00]: Definitely go back.
53:32
[SPEAKER_00]: Watch this from the top when you can.
53:33
[SPEAKER_00]: Any final thoughts for the people.
53:35
[SPEAKER_00]: We did it a Thursday.
53:36
[SPEAKER_00]: Nice little early Thursday here.
53:39
[SPEAKER_00]: As we head into the holiday weekend.
53:41
[SPEAKER_00]: Any Memorial Day weekend or crypto advice for the people to enjoy their weekend.
53:47
[SPEAKER_01]: yeah get outside touch some grass you know it's a cliche thing to say but everyone should enjoy the weekend a little bit i don't think we're going to get a official sign off on the clarity actors strategic reserve over the weekend so unless you're absolutely glued to the charts in some momentum plays like i always am
54:06
[SPEAKER_01]: I get out there and enjoy it a little bit because we're going to be back with you next week.
54:10
[SPEAKER_01]: We're going to be talking about it all things crypto and I think everyone should kind of, you know, enjoy the holiday a little bit.
54:16
[SPEAKER_01]: Do you have any plans?
54:19
[SPEAKER_00]: I don't know, don't take it.
54:20
[SPEAKER_00]: It's getting a little hot.
54:21
[SPEAKER_00]: I mean, we're going to, we're going to go outside.
54:22
[SPEAKER_00]: We're going to hit the boats.
54:23
[SPEAKER_00]: We're going to rip some jet skis crush a couple beers.
54:26
[SPEAKER_00]: I mean, it's like it's just America, just America flag flying on one side, the Bitcoin Ethereum flag flying on the other side.
54:34
[SPEAKER_01]: Do you think you are the number one crypto personality if we like put a poll up on Twitter that people the regular person would want to go and have a beer with and party on a boat you would be my number one you're like my number one even outside the crypto circle man do you think if we opened up a poll you would just over David Hoffman would get smoked he sold on the earth yeah I don't know you'd have that you have that I'm not going to
55:01
[SPEAKER_00]: I'm not going to put uh, I don't know if I have the note notoriety of those other people.
55:05
[SPEAKER_00]: They obviously have bigger programs and social media reach for sure, but we've got the crypto nation community and that's all I need at the end of the day.
55:13
[SPEAKER_00]: So I don't know, I think I don't know about if I'd win the vote, I think our crew whoever came on my vote would definitely have the best time, I promise you that.
55:22
[SPEAKER_01]: Yeah, yeah, it is, you know, I think if we, if I could take one video, maybe you shot cutting a beard with the shirts, it's your speed.
55:30
[SPEAKER_01]: If you know, you know, Tvo, but I said, world record.
55:35
[SPEAKER_01]: So if we posted that with the tweet, you would have overwhelmingly win.
55:39
[SPEAKER_00]: Yeah, I actually Kevin's Kevin Stanley's in the chat.
55:42
[SPEAKER_00]: I don't know if he's still here, but Kevin saw this live.
55:45
[SPEAKER_00]: I hold the world record for fastest beer chugged on turn three at Taladega Speedway.
55:51
[SPEAKER_00]: So that's a fun fact for everybody.
55:54
[SPEAKER_00]: It's not the official Guinness Book World Record.
55:56
[SPEAKER_00]: You just have to pay them to come out and be there and it's the backwoods of Alabama, but it is a world record.
56:01
[SPEAKER_00]: It's just not a Guinness Book World Record.
56:02
[SPEAKER_00]: Turn three Taladega Chakun.
56:04
[SPEAKER_00]: I own it.
56:05
[SPEAKER_01]: I thought I could chug a beer man and then I saw you chug a beer once and I was like, holy smokes.
56:09
[SPEAKER_01]: That's like the guy bar stool, they just hired, that's like, does it for a living man?
56:14
[SPEAKER_01]: I was like, well, why is Timo not back there, man?
56:17
[SPEAKER_01]: He can do it.
56:17
[SPEAKER_01]: He can swing him with the best of them.
56:19
[SPEAKER_01]: But yeah.
56:20
[SPEAKER_00]: Yeah.
56:21
[SPEAKER_00]: No, we got, we got to get some, some more beers this weekend, Memorial Day weekend.
56:27
[SPEAKER_00]: I'm always down.
56:27
[SPEAKER_00]: I'm always down to hang out with even people in the space if we want to show him a good time.
56:31
[SPEAKER_00]: That's why.
56:32
[SPEAKER_00]: That's why we're not featured on the like consensus stages and stuff.
56:36
[SPEAKER_00]: I know we'd have too much fun that we know we'd bring the noise that's a problem.
56:41
[SPEAKER_00]: That's a problem.
56:41
[SPEAKER_00]: Too many.
56:42
[SPEAKER_01]: Too many hot picks too much fun.
56:44
[SPEAKER_01]: That's why we keep it in the house here with everybody in our community.
56:47
[SPEAKER_01]: That's why we keep it at the rundown.
56:51
[SPEAKER_01]: No, but I just hope every I love doing these rundowns here with you in the community and the chats fire and I think everyone should just enjoy enjoying the weekend again because we're going to probably have some fire picks on our next rundown.
57:03
[SPEAKER_01]: There's always something to talk about.
57:05
[SPEAKER_00]: Always something to talk about.
57:06
[SPEAKER_00]: It's super fun.
57:07
[SPEAKER_00]: Most people fade away in the summer.
57:08
[SPEAKER_00]: Not us.
57:09
[SPEAKER_00]: We'll still be around.
57:10
[SPEAKER_00]: We'll be making content.
57:11
[SPEAKER_00]: One final call if we just pump up the likes.
57:13
[SPEAKER_00]: I don't see enough likes there for the amount of people that are watching.
57:16
[SPEAKER_00]: Oh, my God.
57:17
[SPEAKER_00]: I need, I need to pump the likes, hit up the thumb, really appreciate everybody joining us and as always, everybody on the the audio as well.
57:25
[SPEAKER_00]: Thank you guys so much for being a part of our show, our community.
57:28
[SPEAKER_00]: That's all for us.
57:29
[SPEAKER_00]: We really hope you enjoy your holiday weekend.
57:31
[SPEAKER_00]: We'll be back next week, actually, hold on pause.
57:34
[SPEAKER_00]: A little sneak peek here, long weekend.
57:37
[SPEAKER_00]: We're going to slide out another piece of content.
57:39
[SPEAKER_00]: We're going to put out the wrecked interview that you did, you enjoyed it.
57:42
[SPEAKER_00]: So a little sneak peek in the people.
57:44
[SPEAKER_00]: We'll put out an extra episode, maybe Sunday for REC.
57:49
[SPEAKER_00]: Because we talked about it on the run down a lot.
57:51
[SPEAKER_00]: We can cover that next week too to promote it when it's out live.
57:53
[SPEAKER_00]: But for those that followed REC drinks in that storyline, and we definitely brought it up on the podcast a lot, we have an interview with REC.
58:03
[SPEAKER_00]: So we want to put that out to you guys.
58:04
[SPEAKER_00]: That's going to be Brian and Joe.
58:06
[SPEAKER_00]: So,
58:07
[SPEAKER_00]: Yeah, a little more a little more a day weekend treat for the community if you're traveling home and not too too hungover, you can enjoy wreck drinks and and hydrate there and get some energy from wrecked, but enjoy your holiday weekend guys.
58:19
[SPEAKER_00]: Hopefully everybody has a fun save time.
58:21
[SPEAKER_00]: Definitely go touch some grass, grill some dogs, flip some burgers, and we'll talk to you guys next week.
58:27
[SPEAKER_00]: That's all for now.
58:28
[SPEAKER_00]: Bye everybody.