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Crypto Rundown: The Crypto CRASH: The Critical Levels During this Downturn · CRYPTO 101

0:07
[SPEAKER_03]: All right, everyone, welcome back to the crypto 101 run-down.
0:14
[SPEAKER_03]: Presented by Gemini, your bridge to the future of money.
0:17
[SPEAKER_03]: And we hope everyone's having a good week so far.
0:20
[SPEAKER_03]: We always do these rainers shine good or bad, bullish or bearish.
0:24
[SPEAKER_03]: We love coming in here and talking about what's going on in the markets.
0:27
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0:53
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0:55
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0:57
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1:07
[SPEAKER_03]: So it's good to have you.
1:08
[SPEAKER_03]: It is February 4th, 2026, and the market continues to move downwards.
1:15
[SPEAKER_03]: Getting some pretty deep moves here today.
1:17
[SPEAKER_03]: We have Bitcoin down to around $74,000.
1:20
[SPEAKER_03]: The area back to around 21, 2,200.
1:25
[SPEAKER_03]: Solana back beneath 100 bucks.
1:27
[SPEAKER_03]: That's at $93 here playing with fire XRP back to $1.50.
1:34
[SPEAKER_03]: uh, and the list goes on, you know, there's a few awkward ones that are holding strength, but obviously, you know, we're going to get into the charts and we're going to talk all about the the charts and the technicals as we always do, uh, but from the fundamental side here, Tvo, lots of other stuff going on.
1:49
[SPEAKER_03]: How are we feeling, man?
1:51
[SPEAKER_03]: Happy Tuesday.
1:52
[SPEAKER_03]: Yeah, I have to be Tuesday.
1:54
[SPEAKER_03]: Wednesday.
1:55
[SPEAKER_06]: Happy Wednesday.
1:56
[SPEAKER_06]: I've been out of it a little sick, but that's not going to keep us from bringing the rundown to the people again.
2:01
[SPEAKER_06]: Rainer Shine, sick or healthy, and the markets are looking a little sick as we're going to cover here sharply.
2:08
[SPEAKER_06]: You saw the title.
2:09
[SPEAKER_06]: It's the, you know, crypto crash, what's going on?
2:12
[SPEAKER_06]: Can you tell us?
2:13
[SPEAKER_06]: Can you show us in the charts?
2:14
[SPEAKER_06]: Obviously, there's a ton of macro news going on.
2:17
[SPEAKER_06]: Everything from politics to things outside of politics.
2:21
[SPEAKER_06]: And it's, it's, uh,
2:22
[SPEAKER_06]: it's not a fun time it's not always you know in the bull market and the prices are rocketing we've had a lot of blast on these episodes and we told it like it is and you know we're not going to hide from the fact that the markets down we're going to try and safer through this and do it together and continue to educate and I don't know that I guess safe to say in the sense that we're not going anywhere we're going to ride this thing out and keep on you know keep on educating and keep on trying to bring the good
2:50
[SPEAKER_06]: We've got we've got to do the technical analysis show again it is what it is but we do have some tidbits around the clarity act there's some timelines coming out Paul Akkins continues to push for the clarity act our 401k's next for Bitcoin and crypto We have some news on ripple the XRP Army will love that metamask and on doe and then we do have
3:12
[SPEAKER_06]: Some brighter days news at the end of the show, but you're going to have to wait for that at the end.
3:16
[SPEAKER_06]: We have some some news that will get everybody excited and maybe the savior of crypto is coming back.
3:23
[SPEAKER_06]: So we'll save that for the end of the show.
3:24
[SPEAKER_06]: But let's let's pull up the charts.
3:26
[SPEAKER_06]: We can kick it around and yeah, we got a good show.
3:29
[SPEAKER_06]: Good and form of show for everybody.
3:32
[SPEAKER_03]: That we do, let's go ahead and take a look at Bitcoin first over here and then we'll move on from there.
3:39
[SPEAKER_03]: But with Bitcoin, like we said, back in the $74,000 area.
3:44
[SPEAKER_03]: What this means is, hey, we're pushing into the lowest point that Bitcoin has been since pretty much November of 2024.
3:51
[SPEAKER_03]: it's it's deep water.
3:53
[SPEAKER_03]: And when we look at this off the high, you know, that means Bitcoin is down now over 42% from the highest.
4:00
[SPEAKER_03]: More it currently is it's around 40%.
4:02
[SPEAKER_03]: But peak to trough around 42% for Bitcoin on this
4:07
[SPEAKER_03]: retracement.
4:08
[SPEAKER_03]: And so the big question is like, why is this happening?
4:12
[SPEAKER_03]: And I think there's a couple of different things that we can look at.
4:15
[SPEAKER_03]: Obviously there's the October 10th liquidation event.
4:17
[SPEAKER_03]: We talked about that a lot.
4:19
[SPEAKER_03]: Largest liquidation event in history continues to have lingering effects.
4:22
[SPEAKER_03]: A lot of the bullish leverage was just wiped out of the market.
4:26
[SPEAKER_03]: And then on the dips that we have gotten, they continue to get wiped as they double down lower.
4:31
[SPEAKER_03]: Um, and it's just set up for a bit of a cascade to the downside as continual liquidation events happen.
4:38
[SPEAKER_03]: Uh, the other big things is that you can look at the strength of the dollar rising again, you know, the current administration came out, um, and with the new Fed Chairman, they're talking about new strategies and approaches based office history and what he believes, um, there is different people, I believe Scott
4:58
[SPEAKER_03]: of the U.S. talking about strengthening the dollar and then that's not necessarily a good thing for Bitcoin.
5:05
[SPEAKER_03]: Obviously, there's different like geopolitical and macro fears that are going on and so we kind of just put that all inside of one big case of maybe.
5:13
[SPEAKER_03]: But, right, we use the term FUD over here, which stands for fear, uncertainty, and doubt.
5:20
[SPEAKER_03]: And when it comes to the crypto markets, you know, this is not the new, you know, we've seen this kind of stuff happen.
5:25
[SPEAKER_03]: But as it continues on, you know, there's the fear of all these different things that are going on for more of like a macro geopolitical end, and then you also have the dollar strain.
5:35
[SPEAKER_03]: and what's happening with the new Fed chair.
5:37
[SPEAKER_03]: And I would put that in the separate pool and say, hey, that's another thing that people are looking at and just a little bit maybe more nervous about, you know, hey, what's gonna happen?
5:44
[SPEAKER_03]: How's this gonna play out?
5:46
[SPEAKER_03]: What's gonna go on?
5:47
[SPEAKER_03]: And so there's a couple of things that are working from like the fundamental side as to what's contributing to this.
5:53
[SPEAKER_03]: And I think that that's the big three.
5:54
[SPEAKER_03]: And if we were gonna add a fourth, I think you could say, hey, the Clarity Act.
5:58
[SPEAKER_03]: Everyone was looking at this thing getting past in January, I think at one point,
6:04
[SPEAKER_03]: percent chance, and then as we continued on, it didn't, right?
6:08
[SPEAKER_03]: And then not only did it not get passed, but then there was conflict between the banks, and then some of the U.S. crypto-native companies, and they had disagreements, and to now, you know, they have two different visions of what it should go for, and it's getting kicked down the road, and, you know, there's just fears, right?
6:26
[SPEAKER_03]: You know, it's like, hey, you know, things aren't necessarily moving in that direction that we thought it was.
6:30
[SPEAKER_03]: You're seeing ETF outflows.
6:31
[SPEAKER_03]: And again, it just all feeds into this idea of fear, uncertainty, and doubt, which we call fun.
6:38
[SPEAKER_03]: And so when we look at the charts here, we are coming back to a really important technical level to you, though.
6:45
[SPEAKER_03]: And from a technical standpoint, you can look at this and say, hey,
6:48
[SPEAKER_03]: Previously, this was Bitcoins all-time highs over here.
6:51
[SPEAKER_03]: Back in 2024, we are up here.
6:53
[SPEAKER_03]: We hit this area multiple times, toped out at it.
6:57
[SPEAKER_03]: And then eventually, you know, guess what?
7:00
[SPEAKER_03]: We retraced.
7:00
[SPEAKER_03]: We retraced pretty heavily.
7:02
[SPEAKER_03]: We retraced 35% to the downside.
7:05
[SPEAKER_03]: We've rallied to new highs, and then we came back and we tested this same all-time high resistance level as a new level of support, which is what we are seeing in here.
7:14
[SPEAKER_03]: Well, now we're coming back down to that exact same level.
7:17
[SPEAKER_03]: It was resistance in 2024, support in 2025, and now that we're coming back to it in 2026.
7:26
[SPEAKER_03]: it is still being used to support once again.
7:29
[SPEAKER_03]: And so we're kind of keeping a really, really close eye on this area because as we zoom in, there's kind of a little bit of risk to the downside, saying, hey, if we do zoom in on this, the risk is that if we break here, there can be another decent move to the downside.
7:45
[SPEAKER_03]: If we break here, there's a good chance Bitcoin goes to the mid-60,000 area.
7:51
[SPEAKER_03]: We're beneath the 200-day moving average, but we're beneath the 20 and 50-day moving averages.
7:55
[SPEAKER_03]: We're breaking down out of a massive consolidation and bear flag.
7:59
[SPEAKER_03]: And I think that the big thing that I'm looking at moving forward is saying if we look at the VRVP, which stands for the visible range volume profile,
8:09
[SPEAKER_03]: You can see on this guy that it essentially measures volume by price.
8:13
[SPEAKER_03]: Now usually you look at volume by time.
8:16
[SPEAKER_03]: You say, oh, how much volume was done in this candle.
8:18
[SPEAKER_03]: How much volume was done on this day, this week, this hour.
8:21
[SPEAKER_03]: This is different and it says how much volume has happened at a specific price area as opposed to the time.
8:28
[SPEAKER_03]: So it's on the right hand side of our screen.
8:30
[SPEAKER_03]: And it helps us work in these pockets.
8:33
[SPEAKER_03]: And what you tend to see is that the most consolidation and support or resistance happens in these pockets of volume.
8:40
[SPEAKER_03]: And so in between these pockets of volume, what you can see is that we kind of move from one area to the next very fast.
8:48
[SPEAKER_03]: So you can see that there is one big volume point of control rate around here, right in the 80s to 95 area.
8:53
[SPEAKER_03]: are 85, the 95, and that's where we consolidate it.
8:57
[SPEAKER_03]: But when we start breaking out of this range, you start seeing an acceleration to the next volume point of control.
9:04
[SPEAKER_03]: And so, you know, we're at a technical support here, but if you're looking at the next big volume level, that's more so in the mid 60s.
9:11
[SPEAKER_03]: You know, 67 over here, down to maybe, you know, I would say this says 65.
9:16
[SPEAKER_03]: I think it depends on how we graph it.
9:19
[SPEAKER_03]: But you get the picture of what I'm trying to say where it's saying, hey, you know, around this area, mid 60s, that's going to be the next big volume point of control, and if we break here, we could very easily kind of go down to the next one, which could be a little bit lower.
9:34
[SPEAKER_03]: So that's one of the technical things that I'm looking at on the charts and just again, you know, looking at it.
9:41
[SPEAKER_03]: we've received a lot of questions and a lot of thoughts and saying, is it time to buy the dip?
9:47
[SPEAKER_03]: Is it time to sell everything?
9:49
[SPEAKER_03]: Is it time to short, long, leverage, et cetera?
9:52
[SPEAKER_03]: And, you know, first and foremost, we cannot give you financial advice, we are not financial advisors.
9:57
[SPEAKER_03]: That's not what we're here to do.
9:59
[SPEAKER_03]: You know, what we're here to do is to get all of the news, all of the fundamentals, technicals, do all the research for you, and then present it, and then you can make your own decisions.
10:08
[SPEAKER_03]: You know, what I can say that I'm doing here is that, you know,
10:11
[SPEAKER_03]: I want to be a little bit more safe.
10:14
[SPEAKER_03]: A lot of us like crypto and we're in in the first place because we like volatility and we're here for a higher risk, higher rewards scenario and that's a big part of crypto.
10:23
[SPEAKER_03]: If you want low risk, you know, it's just not the area for you know, it's a Bitcoin is the lowest of the risk, but you know, that's an inherent part of the crypto market and it's always been like that.
10:35
[SPEAKER_03]: When we kind of look at the game plan, at least my game plan, you know, this is something where it's like, okay, I'm okay, dollar cost averaging or DCA and there's something like Bitcoin maybe some of the other large caps if that.
10:52
[SPEAKER_03]: But, you know, we're at a stage where it's like, I want to be a little bit more risk off until we get more information.
10:58
[SPEAKER_03]: We're coming off of new yearly lows yesterday.
11:01
[SPEAKER_03]: And so anytime we're coming off of new yearly lows, I'm saying, okay, well, we probably need a little bit more data, a little bit more candles to kind of print, and then we can get a better idea of where we're going from there.
11:12
[SPEAKER_03]: So I'm looking at this, you know, we're kind of still on the edge of a cliff, clearly in a downtrend, clearly in some bearish market environment.
11:20
[SPEAKER_03]: And am I okay accumulating because Bitcoin's down 40% from its highs?
11:24
[SPEAKER_03]: I am.
11:26
[SPEAKER_03]: I believe in Bitcoin long term, so if it's down 40% I'm okay picking some up historically when it's been down 40% or anywhere around that it's been a pretty decent buy.
11:36
[SPEAKER_03]: The other thing I'd say is, I don't want to use all of my drive-houter here.
11:40
[SPEAKER_03]: I don't want to liquidate all of my cash reserves.
11:43
[SPEAKER_03]: I don't want to start invoking and going along with leverage.
11:46
[SPEAKER_03]: I think that it has a time and a place, and I can get pretty aggressive with my trading style sometimes.
11:53
[SPEAKER_03]: But with where we're at right now, I want to make sure that, hey, if we have deeper moves down, if we have an extended bear market, I want to be able to factor that in.
12:04
[SPEAKER_03]: And for the higher risk things, I want to save the higher risk kind of all in stuff, you know, maybe mainstream alt coins, which are two to three times more volatile than Bitcoin.
12:13
[SPEAKER_03]: I'm looking to save that until we get a much more clear picture and right now the picture is not super clear right coming off of yearly lows yesterday on Bitcoin multi year lows for a lot of altcoins in the past couple of days so until we start to see a little bit of consolidation a little bit more data other than just today's candle which hasn't even closed yet.
12:34
[SPEAKER_03]: I'm just waiting to see, okay, you know, what does this picture look like?
12:37
[SPEAKER_03]: I'd much rather miss a little bit of the bottom, but know that it's a much higher chance of a reversal and continue to keep trying to bottom take it and catch the falling knife.
12:48
[SPEAKER_03]: And, you know, it's an easy way to get burned.
12:50
[SPEAKER_03]: So, that is one of the big things that I'm looking at over here on on Bitcoin.
12:55
[SPEAKER_03]: But,
12:56
[SPEAKER_03]: You know it's been a volatile time for everything to you.
12:58
[SPEAKER_03]: I mean it's not just Bitcoin.
12:59
[SPEAKER_03]: We've seen the volatility over here in the silver market You've seen it over here in the gold market as well.
13:06
[SPEAKER_03]: I mean you can see it over here happening and I mean this is the NASDAQ chart.
13:09
[SPEAKER_03]: How does how does gusting is that you know what back and forth chops and socktober Russell looking maybe a little bit better and stuff but just pretty much chopper negativity all over the place here and all of tech continues to get hit and
13:26
[SPEAKER_03]: Yeah, I mean, just a difficult time across the board, but you know, you're seeing some strength come back to the dollar and that's making people freak out.
13:35
[SPEAKER_03]: But a few cryptos have done well.
13:36
[SPEAKER_03]: And I just wanted to highlight these, you know, one of the things that we did see is hyper liquid here, rallying off of kind of the end of January.
13:44
[SPEAKER_03]: This thing being able to rally up about 68%
13:48
[SPEAKER_03]: And do quite well, you know, other ones like pump, which we've talked about over here, trending well off the end of December, you know, still up 36% one on a nice run, trying to hold these level of support, you know, syrup in recent months, doing okay, you know, not kind of back at the yearly lows, like some other crypto's are.
14:06
[SPEAKER_03]: Also shout out to UT available and shout out to us, looking at Canton, right?
14:11
[SPEAKER_03]: We've just did a podcast with the Canton team.
14:15
[SPEAKER_03]: ticker symbol cc and then we also just did another podcast with their immune who is like one of the big
14:23
[SPEAKER_03]: Backers of the Canton ecosystem and they run a treasury for Canton and they do a bunch of other things and that podcast is going to be going live in the coming weeks as well and so, you know, again, we're trying to give everyone as much alpha as we can.
14:38
[SPEAKER_03]: We've talked to the syrup team on the podcast, we've talked to the Canton team now twice in the last couple of weeks.
14:52
[SPEAKER_03]: We really are trying to do our best to make sure that we keep everyone in the loop, especially what is overperforming and holding pretty decent at a time where most things are bearish.
15:04
[SPEAKER_03]: Listen, that's what we're seeing.
15:05
[SPEAKER_03]: I just say, hey, you know, buckle your seat belt.
15:07
[SPEAKER_03]: Don't get too aggressive.
15:08
[SPEAKER_03]: Let's, let's give this a second to digest the move down.
15:12
[SPEAKER_03]: And let's wait to see what happens.
15:14
[SPEAKER_03]: But I'm okay doing some dollar cost averaging on Bitcoin itself.
15:18
[SPEAKER_03]: And, you know, there's clearly a lot of fundamentals of happening and we'll get into those and I think people will like what they have to hear around that front.
15:27
[SPEAKER_06]: Yeah, and I think I'll pull up, we didn't put this on the sheet, but I will pull up the we'll go through the fear green index is real quick we haven't looked at those in a while as you can guess extreme fear across the board no matter which one you like this one the alternative one is the looks like we've been in fear for about a month I know compare that to the our scroll down and then you can see I mean work clearly on the
15:53
[SPEAKER_06]: The low end historically of this fear greed index, but I think if we switch over to the coin market cap one last month, we were in neutral, and then I think I like this chart the best kind of the one year where it's the fear and greed kind of laid over across the big coin price.
16:12
[SPEAKER_06]: You can see we were
16:13
[SPEAKER_06]: We were down at a 10 with the Bitcoin price at 85k back in November coming off of that largest liquidation in crypto history.
16:23
[SPEAKER_06]: And then today we're at 14 with price at 78.
16:27
[SPEAKER_06]: Still room to run down on on the the downside.
16:30
[SPEAKER_06]: They're all time.
16:31
[SPEAKER_06]: This metric has never gotten below.
16:33
[SPEAKER_06]: Looks like it's never gotten below a 10 for the release.
16:38
[SPEAKER_06]: They're only given us
16:42
[SPEAKER_06]: So in the last three years here, we haven't gotten below a 10.
16:46
[SPEAKER_06]: My guess is we might go test that level for this, for this cycle here.
16:52
[SPEAKER_06]: So something to keep in mind, it is scary times.
16:56
[SPEAKER_06]: There is the blood in the street is when you buy.
16:59
[SPEAKER_06]: That's what Warren Buffet always says.
17:02
[SPEAKER_06]: But yeah, it just feels, it does feel a little different.
17:05
[SPEAKER_06]: Um, in the sense of there's so many more chess pieces on the board like it felt like back in the ftx days and we were here making content through those days
17:16
[SPEAKER_06]: It felt, it was very serious.
17:17
[SPEAKER_06]: It was very scary, but it was like, it was a bad actor that flushed everything out.
17:24
[SPEAKER_06]: Now it feels like, you know, hey, we never really got the answers to this October flash crash, right?
17:31
[SPEAKER_06]: So that could be a bad actor.
17:32
[SPEAKER_06]: I saw Kathy Wood blaming Binance specifically.
17:36
[SPEAKER_03]: I saw the OKX CEO also doing the same thing and going after Binance.
17:44
[SPEAKER_06]: Yeah, let me see if I can, let me see if I can find that clip.
17:47
[SPEAKER_06]: Well, it's not that long clip.
17:48
[SPEAKER_06]: It was like a 30 second clip, but she was, yeah, she blamed Binance.
17:52
[SPEAKER_06]: So you still have some, you know, singularity actors that are causing events, which, you know, people don't like.
17:58
[SPEAKER_06]: It just, there's so many more players on the board.
18:02
[SPEAKER_06]: And I guess that kind of rules into our next subject with with the clarity actors.
18:07
[SPEAKER_06]: We want all of this, you know, the Clarity Act and Getting Rules and the Regulation and Legislation pass through because we think it'll and make the space better, but at the same time, it is creating
18:21
[SPEAKER_06]: kind of a cloud of dragging the space into the political realm, what when, you know, we're not going to deep dive into every problem of the world today, but anybody who turns on the news or reads the newspaper for even just a minute can kind of agree that the world's just in an interesting place right now, and there's just so much news on a macro level.
18:42
[SPEAKER_06]: It's really hard to keep track of, and it kind of feels like Bitcoin and crypto are getting drawn in to that volatility as well, but we'll start, okay, we'll switch since we brought the Clarity Act, I'll bring, just talking to Brendan, number three will move after the Clarity Act.
19:00
[SPEAKER_06]: What's going on with the Clarity Act?
19:01
[SPEAKER_06]: Let's give everybody an update.
19:02
[SPEAKER_06]: I'm starting to see some whispers online, at least, and that's the best I can do, is there's some reports of Democrats and Republicans.
19:11
[SPEAKER_06]: First, it was Republicans really wanting it, obviously, because they have the White House and the administration, but the Democrats are starting to, it seems, like at least, reconvene to talk about the crypto market structure.
19:24
[SPEAKER_06]: I saw that kind of a,
19:27
[SPEAKER_06]: A fact of a matter that the Dems one is that they kind of want to put in some stops, some placeholders where, you know, maybe the president's family are just elected officials in general, uh, can't get too involved into the space and then I think, you know, obviously the Trump family will have some pushback on that with world liberty, fine, whatnot.
19:48
[SPEAKER_06]: But at least, I guess the conversation is going and growing.
19:52
[SPEAKER_06]: And this is something that the administration, we kind of brought this up on the show before the administration.
19:59
[SPEAKER_06]: I don't want to say needs it, but they need a win here.
20:02
[SPEAKER_06]: I think we've always kind of been, we always lean to pro crypto on this show clearly.
20:08
[SPEAKER_06]: That's a bias that I think we can all put our hand up and say over the last couple years in political cycles we've been pro crypto.
20:15
[SPEAKER_06]: But this, I think the administration is losing its pro crypto stance a little bit specifically with the price action.
20:23
[SPEAKER_06]: You know, you said you're going to do this said you're going to do the Bitcoin reserve said you're going to pass legislation.
20:28
[SPEAKER_06]: It's like, okay, you've kind of done a little bit of what you said, but you haven't brought it to the finish line.
20:33
[SPEAKER_06]: And then if you if you talk about price action, I mean the the extreme fear, the streets are in despair.
20:40
[SPEAKER_06]: So, if this is a cohort of people that you want to tap on, it's February, and the midterms are November.
20:48
[SPEAKER_06]: If you want to be a whole rally, if you want to go to the crypto conferences, the summer and go rally for, you know, senators and congresspeople for the midterm elections.
20:58
[SPEAKER_06]: You got to get some action going because this cohort is going to completely tune you out if you don't.
21:04
[SPEAKER_06]: So I think that's why it's important to see the Democrats starting to talk about this type of stuff.
21:09
[SPEAKER_06]: Obviously, the Republicans are interested and we've kind of covered the whole back and forth with Coinbase and the banks and there's a lot of stakeholders that want their say.
21:18
[SPEAKER_06]: So again, there's no finality of what this bill will look like and it's going to take a lot of time.
21:25
[SPEAKER_06]: And I do have a timeline clip here, Brendan.
21:27
[SPEAKER_06]: So I went on a little bit of a rant, but leading into this of what could be the timeline.
21:32
[SPEAKER_06]: Here's a clip from Patrick McKennery kind of laying out a timeline for you.
21:36
[SPEAKER_06]: So let's see what he says and then I'd love your thoughts.
21:40
[SPEAKER_00]: I think we not only get a market structure bill before the midterms.
21:44
[SPEAKER_00]: I think we get a market structure bill before Memorial Day.
21:48
[SPEAKER_00]: And I think the Senate will act before Easter.
21:51
[SPEAKER_00]: I think it comes together.
21:52
[SPEAKER_00]: There's a major emphasis on this.
21:54
[SPEAKER_00]: What we saw you heard from Patrick Witt about the group he brought together on yield.
22:00
[SPEAKER_00]: Crypto came in and said, look, we wanted to go shape.
22:02
[SPEAKER_00]: We actually want a reasonable compromise here on a reasonable approach to yield.
22:06
[SPEAKER_00]: And the bank sat there and listened and offered nothing.
22:10
[SPEAKER_00]: Well, that's not going to last long in Washington if the group that is holding it up the banking industry is unwilling to negotiate on something that has to be resolved to unlock market structure, I think.
22:25
[SPEAKER_06]: So it's awesome if you bring any thoughts.
22:27
[SPEAKER_03]: Yeah, I mean, I think it's, it's, he's makes a good point.
22:31
[SPEAKER_03]: I mean, it seems a little bit like if they're unwilling to negotiate at all, with the people who have been running the industry the entire time, and it, it seems a little bit unreasonable and they're kind of shooting themselves in the foot.
22:52
[SPEAKER_03]: JP Morgan going up to the CEO of Coinbase at Davos and saying like, what did he say?
22:59
[SPEAKER_03]: I think you went up to him and said your full of shit or something like that.
23:04
[SPEAKER_03]: And that was the beef in drama.
23:08
[SPEAKER_03]: I think that he's makes a good point in that video, and it's like the banks need to compromise some here, and that's just the way it is.
23:16
[SPEAKER_03]: They're the ones coming into this industry, and they're saying everyone else needs to compromise except for us, that doesn't make any sense.
23:23
[SPEAKER_03]: And I think that there's room for both sides to compromise some, but what do you have?
23:29
[SPEAKER_03]: Oh yeah, this is it.
23:31
[SPEAKER_03]: Jamie Diamond, the Brian Armstrong.
23:33
[SPEAKER_03]: I mean, yeah, this is like,
23:36
[SPEAKER_03]: I don't know.
23:37
[SPEAKER_03]: It gets me a little bit frustrated.
23:38
[SPEAKER_03]: The other thing I'd say about the first slide that we had up right before the video.
23:44
[SPEAKER_03]: Is that, you know, I think everyone can agree that having more crypto structure is good and I think the more I think also everyone should be okay with the idea of limiting politicians and how they trade anything right you look at like the stock market and you have Nancy Pelosi beating every single hedge fund every year and it's like these ridiculous numbers and you see it on both sides right.
24:08
[SPEAKER_03]: left or right doesn't matter they all do it right so it's not a political thing literally all of them do it I think everyone's okay having that but again if we're gonna do it in crypto let's do it in the stock market too like let's do it everywhere um because I think that's something that most people find frustrating when it comes to the actual mass market structure bill and all this stuff you know hey he's saying
24:30
[SPEAKER_03]: by Memorial Day.
24:31
[SPEAKER_03]: That is May 25th of this year.
24:33
[SPEAKER_03]: So if we can get market structure bills past my May 25th, I think he's right.
24:38
[SPEAKER_03]: It unlocks a lot of liquidity.
24:40
[SPEAKER_03]: It unlocks a lot of potential.
24:42
[SPEAKER_03]: There's a lot of stuff that can happen there, and it's a matter of time until
24:46
[SPEAKER_03]: We do get these past, right?
24:48
[SPEAKER_03]: And I think that's what a lot of people are waiting on.
24:50
[SPEAKER_03]: When are we going to get the market structure stuff passed?
24:53
[SPEAKER_03]: When are we going to get the Clarity Act passed?
24:55
[SPEAKER_03]: When are we going to get all of this going?
24:57
[SPEAKER_03]: Because there's so much potential for what happens afterwards.
25:00
[SPEAKER_03]: And that seems to be what people are hung up on at the moment.
25:04
[SPEAKER_06]: Yeah, and actually I'm glad you brought up the Jamie Diamond vs. Brian Armstrong.
25:09
[SPEAKER_06]: Jamie Diamond calling him full of shit is I think that that summarizes kind of where this market structure bill is, right?
25:17
[SPEAKER_06]: The banks don't want anything to change.
25:19
[SPEAKER_06]: These banks are, well, you know, making, you listen to an earnings call for JP Morgan.
25:24
[SPEAKER_06]: It's record profits, record revenue, record this, record that record stock price.
25:29
[SPEAKER_06]: Um, why would they want anything to change so that that's you got to think through that and then obviously, you know, whether it's, you know, Coinbase or Robinhood or anybody who's new on the block, you know, very profitable, very successful companies in the eyes of the average person, but they are the new kids on the block and that's the fact.
25:46
[SPEAKER_06]: So I thought it was an interesting take here from the canneries like, you know, hey, the imbalance in Washington won't last.
25:53
[SPEAKER_06]: If legislation is going to move, the banks need to come to the table.
25:56
[SPEAKER_06]: And so, you know, the administration kind of has to make a choice, right?
26:00
[SPEAKER_06]: It's like, hey, you know, we've taken the lobbying from all these banks over this year, but also we've taken tons of money from, you know, the coin bases and the Robin Hoods.
26:08
[SPEAKER_06]: And how many times have we seen Brian Armstrong, you know, doing his press hits from the rotunda of the Senate, right?
26:16
[SPEAKER_06]: And, um, Romney Times's Vlad been in Washington, D.C. most recently for the quote on quote Trump accounts, which is, um, we've talked about that on this show as how, you know, every new born child is going to be gifted $1,000 of, you know, S&P 500.
26:33
[SPEAKER_06]: You know, and whether it's a mutual fund or ETF, I'm not quite sure, but it's $1,000 invested in the S&B 500 via some format.
26:42
[SPEAKER_06]: And I think the consensus is that Robinhood might be the best platform for that to host these Trump accounts.
26:49
[SPEAKER_06]: So there's a lot going on in Washington for the crypto leaders, but the banks have been there forever.
26:55
[SPEAKER_06]: So it's like it's a little bit of a push in shove.
26:56
[SPEAKER_06]: There's a dance that's going on.
26:58
[SPEAKER_06]: And if there's any movement to be done, it has to be on the part of the bank, so it's an interesting story line that's going to keep unfolding.
27:09
[SPEAKER_03]: Yeah, I would agree.
27:10
[SPEAKER_03]: Again, it's the banks coming into a new industry.
27:14
[SPEAKER_03]: It's like you said they come out and they're like, oh, record profits, record this, record that.
27:18
[SPEAKER_03]: And then they're coming into a new industry that's not their own and expecting everything to conform to them.
27:24
[SPEAKER_03]: Well, that's just not always necessarily the way that it works, or at least the way that it should work, with them coming in here and being like, we set
27:33
[SPEAKER_03]: all the rules.
27:34
[SPEAKER_03]: It's like, okay, well, number one, you probably don't know what's best.
27:38
[SPEAKER_03]: Like, let's listen to the people who are the actual experts on the matter and have been doing it for a decade plus and let's hear out what they have to say and to not be willing to negotiate it all.
27:50
[SPEAKER_03]: Just, I don't know.
27:51
[SPEAKER_03]: I don't think it's the way it works.
27:53
[SPEAKER_03]: From what I understand is that, you know, even right now they're not super serious about it.
27:59
[SPEAKER_03]: I was talking to Bryce about this and he was basically saying that the word on the street is that they're not even sending in like the big dogs like the the presidents and the CEOs and the top executives aren't even the ones kind of going to get this resolved so they're kind of just like whatever.
28:14
[SPEAKER_03]: Um, which is frustrating right you wish that they're if that is true.
28:18
[SPEAKER_03]: You'd wish that they would show a little bit more urgency and sincerity.
28:23
[SPEAKER_03]: While you're seeing that from more of the crypto native side.
28:26
[SPEAKER_03]: So I don't know time will tell you made a good point earlier on I want to go back to this because I know we want to talk about.
28:33
[SPEAKER_03]: What's happening with Paul Atkins and his views on the Clarity Act and we'll get into that in just a second you make a good point that like we're heading in the midterms here And this is something I was literally just talking to a couple of my buddies about who are you know in the finance space as well and
28:50
[SPEAKER_03]: The big thing that we discussed is, hey, we're going in the midterms.
28:53
[SPEAKER_03]: Obviously, you know, it's going to be a political season around that.
28:56
[SPEAKER_03]: And one of the big campaign points and promises was, let's, you know, make the crypto industry and push it forward and let's do good by it and all these things.
29:04
[SPEAKER_03]: And when you look at how much it's down since,
29:08
[SPEAKER_03]: You know, a new administration took off is obviously from the fundamental end.
29:12
[SPEAKER_03]: I would say a lot of positive stuff has happened.
29:14
[SPEAKER_03]: But when you look at the actual performance, that's still going to leave a sour taste in someone's mouth.
29:19
[SPEAKER_03]: You can say, hey, we've done this in this and this and that.
29:21
[SPEAKER_03]: But at the end of the day, if people's money are cutting half with a lot of these things,
29:26
[SPEAKER_03]: They're going to be frustrated.
29:27
[SPEAKER_03]: So I think you made a good point of like something, there should be some level of urgency to say, hey, this stuff needs to get moving.
29:34
[SPEAKER_03]: It needs to happen.
29:35
[SPEAKER_03]: The market needs to start recovering some.
29:38
[SPEAKER_03]: Otherwise you're going to have frustration from those losses, bleeding, and probably affect some of the midterm results.
29:46
[SPEAKER_03]: Um, you know, obviously there's other things that are probably
29:49
[SPEAKER_03]: You know, arguably, more important than what the crypto market is doing, depending on how big of a crypto fan you are.
29:56
[SPEAKER_03]: But I think it's a good point.
29:57
[SPEAKER_03]: You know, I think that that should act as some sort of like urgent push to say, hey, let's get this thing back on its feet.
30:04
[SPEAKER_03]: Gold's hit new all-time highs, silver's hit new all-time highs, the stock markets coming off all-time highs, the M2 money supplies hit new all-time highs, and then you look at the crypto market and it's down, you know, what, 45 to 60 plus percent.
30:19
[SPEAKER_03]: And so I hope that that acts.
30:21
[SPEAKER_03]: That's kind of where my brain's at.
30:22
[SPEAKER_03]: I hope that that acts as a push to say, hey, let's get this stuff done and let's get it done fairly fast.
30:30
[SPEAKER_06]: So yeah, I'm going up something.
30:34
[SPEAKER_06]: Bring it up something random here, but like, you know, black rock fidelity and JP Morgan are building tokenized money market funds on Ethereum.
30:41
[SPEAKER_06]: So there's like a case, if it was a different, um, if there's a different position by the banks of like, oh, well, you know, all crypto rails are bad and this technology is crap and we shouldn't use it.
30:53
[SPEAKER_06]: That's one stance, but that's not the stance.
30:55
[SPEAKER_06]: It's like they're clearly using it.
30:56
[SPEAKER_06]: There's clearly efficiency of of this new era of technology that brings about better banking.
31:03
[SPEAKER_06]: And better banking in their mind means a more profits for them, but kind of, you know, the rally of the, you know, the Brian Armstrong's and the vlads is, you know, vlads named his company Robin Hood, right?
31:15
[SPEAKER_06]: Robin Hood of giving back to the people type of thing.
31:18
[SPEAKER_06]: And again, these people are making, you know, hundreds of millions of dollars if not billions.
31:23
[SPEAKER_06]: So, you know, don't cry for them by any means, but they are trying to at least give a new look of it.
31:29
[SPEAKER_06]: And I think that's the rally cry.
31:30
[SPEAKER_06]: of the average crypto investor and somebody that gets excited that wants to go to eat Denver, wants to go to consensus or wants to listen to this podcast, is they're just looking for a little bit of change and these products could give back.
31:46
[SPEAKER_06]: You know, maybe some percentage or a couple basis points are give you money markets where you can store your bank account your funds and get a little bit of yield because we talked about on this program is like, you know, hey, if you have your standard bank account at your local bank lake, you have money sitting there and it's not doing anything for you, but that bank can go out and lend it 10 times over.
32:05
[SPEAKER_06]: the lended back to you for an auto loan, the lended back to you for a mortgage and they're going to collect you know 6% on it and you're sitting there, you know, just struggling to get buy.
32:15
[SPEAKER_06]: So it kind of is just a storyline of is this a good technology?
32:21
[SPEAKER_06]: Is this something that's going to be used clearly?
32:23
[SPEAKER_06]: The answer is yes.
32:24
[SPEAKER_06]: And so the legislation around it is super important and the banks are fighting to keep and grow their profits, which is what they've always done.
32:34
[SPEAKER_06]: to see here.
32:35
[SPEAKER_06]: I do have a clip of Paul Atkins, kind of like you mentioned, of his take.
32:40
[SPEAKER_06]: So here was this is from last week.
32:42
[SPEAKER_06]: I'm not sure exactly what event this was, but let's let's tune in here for a minute and hear what Paul has to say.
32:48
[SPEAKER_04]: the SEC and likewise at the CFTC to make accommodations and Congress is giving us broad exempt of authority and so we can use it and we should use it.
33:00
[SPEAKER_04]: We're appropriate and then so we'll see what Congress comes up with but I do feel very strongly that notwithstanding what we do on a rulemaking side.
33:13
[SPEAKER_04]: You know, it would be, it's really crucial for Congress at this moment in time to step forward and come up with rules that, you know, legislation that can guide us and that can undergird our efforts because, you know, people come and go and commissions come and go and, you know, the last thing I'd like to see is to have, you know, something happened in the future that kind of abends a lot of the things that,
33:39
[SPEAKER_04]: We will have put into place that people then rely on and then, you know, the prospect of having rug pulled out from under them is not an attractive, you know, prospect.
33:52
[SPEAKER_04]: So anyway, so that's what's important about legislation.
33:57
[SPEAKER_06]: So Congress called a Congress let legislation guide us and then I do have another clip from Paul specifically talking about crypto and 401k's which we've talked about on the program before it seemed like it had a hot lead on maybe going through and then it kind of tapered off so I haven't heard anything about this for a while but this was on CNBC so let's take a listen.
34:16
[SPEAKER_01]: How do you think about crypto versus any other kind of investment for the average American family out there?
34:24
[SPEAKER_04]: Well, Andrew, a lot of people are already exposed to crypto and other sorts of assets like that through their pension funds and because they're managed by professional managers in those pension funds.
34:39
[SPEAKER_04]: So we're talking about the 401k's now where, you know, that I mean, we have to do things with respect to the different markets very carefully.
34:48
[SPEAKER_04]: We're focused right now on private securities, private equity funds and things like that.
34:55
[SPEAKER_04]: We're again, a lot of people are already exposed to those in their managed pension funds.
35:04
[SPEAKER_04]: And so we're looking to allow people to have access to those through it for 1K.
35:10
[SPEAKER_04]: Through the professional management of the what is allowed into their funds,
35:17
[SPEAKER_04]: but I think the time is right right to go forward with that.
35:24
[SPEAKER_06]: So as you can see from the price of action, that was at least a couple weeks ago.
35:28
[SPEAKER_06]: The sentiment stage true is like there is a lot of legislation going forth.
35:34
[SPEAKER_06]: I think it will be a positive catalyst.
35:35
[SPEAKER_06]: It just it feels like it's a very, very cloudy.
35:38
[SPEAKER_06]: It's just a fog you knew in the morning out there when it comes to where the space is going.
35:44
[SPEAKER_06]: When it comes to this clarity act and there was a lot of thought put into.
35:49
[SPEAKER_06]: You know, getting the market structure bill and getting 401k's and the Bitcoin strategic reserve.
35:54
[SPEAKER_06]: And again, the election had a lot of momentum.
35:57
[SPEAKER_06]: And mine, at the price, followed that momentum into and passed the election.
36:00
[SPEAKER_06]: We got to our all-time highs and it definitely feels like things have stalled in the progress point for crypto and wall things have stalled the macro environment.
36:11
[SPEAKER_06]: Um, has flipped, uh, you know, in regards to, you know, hey, are we going into this country and taking over, or is Iran going to attack in the, you know, all the stuff that you've seen on the headlines that we don't need to go into, destabilizes markets.
36:26
[SPEAKER_06]: And, you know, I think what we can, I'll save it for the next topic of, of some interesting Bitcoin takes, but your final thought on legislation peace-brand.
36:37
[SPEAKER_03]: Yeah, I mean, clearly it's wanted.
36:40
[SPEAKER_03]: I think it's needed.
36:41
[SPEAKER_03]: It's probably just a matter of time until we see it.
36:44
[SPEAKER_03]: The big hope of everyone that's encrypt the right now is how fast can we get it.
36:50
[SPEAKER_03]: That is everyone's hope.
36:53
[SPEAKER_03]: You know, can we get this as fast as possible?
36:55
[SPEAKER_03]: Because it is important.
36:56
[SPEAKER_03]: And so that's all that I'd say is, you know, hey, let's let's try to get this thing done as fast as possible.
37:01
[SPEAKER_03]: And I think the sooner that we get it, the sooner that the market can turn around and start getting.
37:06
[SPEAKER_03]: just a handful of bullish catalysts that just aren't possible yet and also gives people more security.
37:12
[SPEAKER_03]: It gives the institutions more security.
37:14
[SPEAKER_03]: It gives a clear line of what can and can't happen and how we can do things and operate.
37:18
[SPEAKER_03]: And so my hope here is that we get this done as soon as possible.
37:21
[SPEAKER_03]: And so time will tell, but that's what I'm looking out for.
37:26
[SPEAKER_06]: Nope, a great final point.
37:29
[SPEAKER_06]: Kind of transitioned to some Bitcoin thesis.
37:32
[SPEAKER_06]: So I'm gonna play a clip from Stephen McClurg, who is the CEO of Canary Canary Capital.
37:40
[SPEAKER_06]: And we've had him both on the summits.
37:43
[SPEAKER_06]: We've had him on the podcast, and I'll look to get him back because
37:46
[SPEAKER_06]: He had an interesting take and a call for this bear market one of the first ones that I saw online So let's let's hear him talk about this is back in November kind of a take of why he saw Bitcoin price Maybe heading to the downside and then we can discuss
38:03
[SPEAKER_05]: on the theme of Bitcoin and why that price has been down.
38:06
[SPEAKER_05]: There's really been three factors.
38:07
[SPEAKER_05]: One of them has been old wallets, whales that are selling.
38:10
[SPEAKER_05]: I know several people that bought Bitcoin at a dollar and said, well, when it hits 100,000, I'm out, some wild number.
38:17
[SPEAKER_05]: Well, we're there and they're selling.
38:19
[SPEAKER_05]: The other thing to keep in mind is the basis trade, which has been extremely important in the ETF and the coin.
38:25
[SPEAKER_05]: And that's been unwinding because the base of the greatest collapse.
38:28
[SPEAKER_05]: And now they're moving into things like XRP, Solana, Hadera, or some of the areas where there's ETFs and there's really good basis trades.
38:37
[SPEAKER_05]: And then the final thing is miners, miners or whales, and there's a big debate over the four-year cycle right now.
38:45
[SPEAKER_05]: And that four-year cycle really is the miners beginning to sell to pay their bills.
38:50
[SPEAKER_05]: And what's happened this last year that's made that cycle be a little bit off is that miners have set a sell or early due to AI causing energy prices to go up for data centers.
39:00
[SPEAKER_05]: So that means that this bottom medium size, the coin miners have to sell earlier than they have in previous circle of cycles in order to actually pay their bills and pay their energy bills.
39:14
[SPEAKER_06]: So I thought that was really interesting call, and then I'm pulling up his tweet next here.
39:20
[SPEAKER_06]: Um, he kind of refreshed this.
39:22
[SPEAKER_06]: He wanted to be wrong, but he did, uh, he kind of did call it back again.
39:26
[SPEAKER_06]: That clip was end of November, and then this tweet was, uh, that is referencing here was the beginning of December.
39:34
[SPEAKER_06]: So,
39:34
[SPEAKER_06]: Interesting, kind of as we headed into the year, there was two takes.
39:39
[SPEAKER_06]: He was on the other side of this.
39:40
[SPEAKER_06]: Of the four-year cycles, dead, the four-year cycles, dead.
39:43
[SPEAKER_06]: We're going, you know, the keep going.
39:44
[SPEAKER_06]: They were the rarer on to the end of the year.
39:46
[SPEAKER_06]: And then all of a sudden, now we're in a bear market.
39:50
[SPEAKER_06]: So, as again, the headlines are a part of what you need to do to get all your thoughts and education into make your decisions along with your technical analysis and a number of other things.
40:04
[SPEAKER_06]: uh... i thought steven kind of has been uh... right on and i really think that a.i.
40:10
[SPEAKER_06]: the a.i.
40:11
[SPEAKER_06]: and the mining thing i really found interesting it was something that i've never really thought of before until he mentioned it.
40:17
[SPEAKER_03]: Yeah, and he mentions right there.
40:19
[SPEAKER_03]: He says, my view is that Bitcoin is further to fall probably 60 to 65 k and that's what we are kind of saying earlier at the start of the episode, you know, I guess conveniently with this point is that there's a possibility right and that there's never a certainty, but there's a real possibility.
40:34
[SPEAKER_03]: that you see Bitcoin go back to the mid 60 thousand dollar area and he's talking about it from more probably the fundamentals and probably some technicals.
40:43
[SPEAKER_03]: We were talking about it just from the technicals.
40:45
[SPEAKER_03]: It still remains a possibility on the table.
40:48
[SPEAKER_03]: You know, keep that in the back of your mind.
40:51
[SPEAKER_03]: We hope it's not true.
40:52
[SPEAKER_03]: We hope it doesn't.
40:53
[SPEAKER_06]: You know, maybe you do because you want to do some buying, but yeah, you know, I just like, hey, I think of of making the prices for selling Bitcoin is interesting because if you relate it to something in the the traditional markets, I'm pulling up a just a quick Google chart of the tech software sector ETF.
41:13
[SPEAKER_06]: Um, so the past year, it's down 20% but in the last month alone, it's down 20% I thought it kind of tracked in the last year of like obviously everything crashed
41:22
[SPEAKER_06]: into the tariffs of last year and then rebounded, so did Bitcoin, but in the last month alone for an ETS and ETF, right, and this isn't a stock, this isn't crypto, this is an ETF, ETF, they're supposed to be much, much less volatile.
41:36
[SPEAKER_06]: So if you dive into the makeup of what's in this ETF, there's all these software stocks that are just crashing so hard and they're crashing so hard because
41:46
[SPEAKER_06]: The narrative right now is that AI is going to take out these software stocks.
41:50
[SPEAKER_06]: It's going to be so much easier to create different apps.
41:54
[SPEAKER_06]: So your sales forces of the world.
41:56
[SPEAKER_06]: I'm just trying to pull some out of my head.
41:57
[SPEAKER_06]: And you know, the Microsoft is caught up in this on like a 20% downturn.
42:02
[SPEAKER_06]: One of the top, you know, market cap stocks in the world.
42:04
[SPEAKER_06]: So.
42:05
[SPEAKER_06]: It's different, obviously, it's not the same, but it is a similar thought process of this AI disruption that nobody really saw coming back in 2021, even 22 FTX, that bear market for tech stocks as well.
42:23
[SPEAKER_06]: I didn't really hear anybody that AI narrative didn't really start until 23 and 24, I think, which was the catalyst to get us these all time highs for the stock market.
42:34
[SPEAKER_06]: But I thought the comparison to software was just interesting because there's a ton of volatility going on over.
42:42
[SPEAKER_03]: Yeah, spot on man.
42:44
[SPEAKER_03]: Well, let's, let's look at this XRP news is a ripple news because
42:50
[SPEAKER_03]: You know, the XRP Army they love us are the haters over here depends on the day right depends on the title We report all the news good and bad, so on the bad news days the hate us on the good and ones they love us It's a good news day, so it's time for all of you XRP fans to love us It's time for you to show your support XRP here adding hyper liquid to its prime bro grig platform and it's first defy integration
43:14
[SPEAKER_03]: This is pretty cool.
43:16
[SPEAKER_03]: I mean hyper liquids taken over and we talked, I think, what if a week or so ago or we talked to some point, they did a billion dollars in trading volume on silver alone and a single day, which was nuts.
43:29
[SPEAKER_03]: And they just continue to be used.
43:31
[SPEAKER_03]: They continued, I mean, they just dominate market share and stuff.
43:34
[SPEAKER_03]: They are a really good platform.
43:37
[SPEAKER_03]: I will be interested to see how this works because they're still not allowed
43:44
[SPEAKER_03]: Maybe they have a work around.
43:46
[SPEAKER_03]: Maybe they remove the things that aren't allowed.
43:49
[SPEAKER_03]: Maybe it's only for people outside the United States.
43:52
[SPEAKER_03]: You know, I'm not sure, but this is a pretty cool thing.
43:55
[SPEAKER_03]: And I would actually say it's a really good move.
43:58
[SPEAKER_03]: I bet you, you know, a lot of other major exchanges.
44:01
[SPEAKER_03]: People would love to see this on them, right?
44:03
[SPEAKER_03]: People would love to see a hyper-liquid directed integration on a lot of the other big exchanges.
44:10
[SPEAKER_03]: And people would enjoy it.
44:11
[SPEAKER_03]: You've seen direct
44:14
[SPEAKER_03]: direct kind of feeds from things like Jupiter and Coinbase, where they're saying, hey, will it you trade anything that you want on Solana on Coinbase now through a Jupiter dex integration or aggregator integration?
44:26
[SPEAKER_03]: We've seen it with aerodrums saying, hey, you could trade any token on base through aerodrum.
44:30
[SPEAKER_03]: I think a lot of people would love to see this.
44:33
[SPEAKER_03]: kind of integration with a lot of the other ones and so Ripple's doing it here.
44:38
[SPEAKER_03]: Again, I like this.
44:39
[SPEAKER_03]: I'm a fan of this.
44:40
[SPEAKER_03]: I think it's a smart move.
44:41
[SPEAKER_03]: I like hyper liquid and I think it makes sense as well.
44:45
[SPEAKER_03]: Just saying, hey, let's kind of bridge the decentralized side and the centralized side of the crypto industry.
44:51
[SPEAKER_03]: Let's bridge it together and then this allows everyone to kind of do what they want.
44:55
[SPEAKER_03]: So I'm a fan of this.
44:56
[SPEAKER_03]: I think it's a really good move and it was getting me thinking,
45:01
[SPEAKER_03]: They mention, uh, this is name, it's talked about somewhere in here.
45:06
[SPEAKER_03]: But the head of Ripple Prime, um, you know, that might even be a potentially.
45:13
[SPEAKER_03]: I know we might not have a connection, but that might be a good podcast.
45:16
[SPEAKER_03]: Guess is to get someone from over there on to talk about what they're doing and stuff, because I think it's a cool move.
45:23
[SPEAKER_03]: So time will tell, but,
45:27
[SPEAKER_06]: And then yeah, like we showed earlier.
45:29
[SPEAKER_06]: Michael Higgins.
45:31
[SPEAKER_06]: All right, I'll try and I'll try and find reach out.
45:34
[SPEAKER_06]: See if we can get somebody on, but um, kind of to your point of the charts was hyper liquid is, uh, holding up well when everything else is falling off a cliff.
45:43
[SPEAKER_06]: So, uh, interesting project, doing some good things, um, and then transitioning again to more people that continue to build
45:56
[SPEAKER_03]: that they did to have a smile on my face, um, inverted investing.
46:01
[SPEAKER_03]: It is good to see my friend.
46:03
[SPEAKER_03]: He's back.
46:04
[SPEAKER_06]: Yeah, right?
46:05
[SPEAKER_06]: Right.
46:06
[SPEAKER_03]: Right.
46:07
[SPEAKER_06]: In the program, bird investing was busy shorting this trash now.
46:11
[SPEAKER_06]: It's something.
46:11
[SPEAKER_06]: Yeah, but okay.
46:13
[SPEAKER_06]: Well, we'll give you that.
46:14
[SPEAKER_06]: Verde investing is a, is a commenter on the show.
46:16
[SPEAKER_06]: He's been around for a couple years.
46:18
[SPEAKER_06]: But,
46:19
[SPEAKER_06]: If I'm not mistaken in very investing, you were, you were, you know, you were bearish and shorting at 60K, 70K, 80K, 90K, 100K, 100, 100, 100, 100, 120, 130.
46:29
[SPEAKER_06]: So, you know, let's, let's, let's be honest here, we, we missed you, we're glad you're back, um, but I wouldn't say that you called the top when you were, you know, making nasty comments in the 75K range.
46:42
[SPEAKER_06]: So,
46:43
[SPEAKER_06]: We're back to where we were when you basically left the show.
46:46
[SPEAKER_06]: We haven't heard from you in months, brother.
46:48
[SPEAKER_06]: But we, uh, we are glad you back all all jokes aside.
46:50
[SPEAKER_06]: We, we love all our listeners, bears and bulls.
46:53
[SPEAKER_06]: It's what makes a market, um, so shout out to inverted investing.
46:58
[SPEAKER_03]: Yeah, no, it is, you know, we're glad to have you back.
47:01
[SPEAKER_02]: And that's the thing is like you trade there.
47:02
[SPEAKER_02]: It is honesty.
47:03
[SPEAKER_02]: He said he said very true.
47:05
[SPEAKER_02]: I got stopped out and I took the hit.
47:06
[SPEAKER_06]: There it is.
47:07
[SPEAKER_06]: That's well.
47:07
[SPEAKER_06]: We won't win honesty.
47:09
[SPEAKER_03]: And we all do, we all do, right?
47:12
[SPEAKER_03]: We all, we have all taken the hit.
47:13
[SPEAKER_03]: So we're not on here to say, we're always right.
47:16
[SPEAKER_03]: And we never take hits.
47:17
[SPEAKER_03]: It goes both way.
47:19
[SPEAKER_03]: So we love seeing you in here and we're at Investor.
47:21
[SPEAKER_03]: Obviously, we banter a little bit back and forth, and sometimes we're bullish in your parish and vice versa.
47:26
[SPEAKER_03]: But no, it's good to have you.
47:27
[SPEAKER_03]: And if you are making money off this short here, all the power to you, you're in great trade.
47:32
[SPEAKER_03]: But what we do hope is that we hope that you stick around when we are ripping next time.
47:38
[SPEAKER_03]: And we hope that you're profiting off of the all-time highs the next time around.
47:43
[SPEAKER_03]: But no, glad to see that you're doing well on a short, and it's good to have you back.
47:47
[SPEAKER_03]: Tevo, to your point, you know, talking about this meta-mask, on-do partnership, on-do is interesting, man, because they have been
47:57
[SPEAKER_03]: everywhere.
47:58
[SPEAKER_03]: Everywhere.
47:58
[SPEAKER_03]: You saw them in the background of a couple of those clips.
48:01
[SPEAKER_03]: They've been sponsors.
48:02
[SPEAKER_03]: They've been doing partnerships and connections and updates and upgrades and everything.
48:08
[SPEAKER_03]: However, the price action on their token has been brutal and it all comes down to tokenomics.
48:16
[SPEAKER_03]: They truly are.
48:17
[SPEAKER_03]: one of the best groups at what they do when it comes to tokenization and real world assets in all of that.
48:23
[SPEAKER_03]: They're one of the best groups at what they do when it comes to that.
48:26
[SPEAKER_03]: The issue comes and people are always like, well, if they're doing all this and they're so good at it, what about their tokenomics?
48:32
[SPEAKER_03]: Why are they suffering?
48:34
[SPEAKER_03]: Well, the tokenomics structures, oh, it's rough.
48:36
[SPEAKER_03]: When you look at their unlocks and how much they've inflated from different unlocks and those kind of events, it's a lot.
48:44
[SPEAKER_03]: I believe I don't have the number right in front of me, but I believe that they're last year there was an unlock.
48:49
[SPEAKER_03]: that was like almost what is like a somewhere like a 30 to 40 50% unlock in the supply just huge inflation events and so that's something that's been plaguing them down but they're back in here again from a fundamental standpoint they're doing a lot of good things and I think that they are one of the best
49:07
[SPEAKER_03]: top of the, you know, top of the list groups when it comes to tokenization, but Metamask partnering with Ando to offer tokenized US stocks ETFs and commodities.
49:19
[SPEAKER_03]: What does this mean?
49:19
[SPEAKER_03]: Well, this means that now from your Metamask, you are going to be able to trade things like US stocks ETFs and commodities from your Metamask account, thanks to Ando.
49:30
[SPEAKER_03]: That's a cool feature.
49:32
[SPEAKER_03]: That is a cool future.
49:33
[SPEAKER_03]: Again, we continue to see the world of the decentralized side and the centralized side kind of start bleeding together.
49:41
[SPEAKER_03]: We saw it happening with exchanges, we're seeing it happen with wallets and you're going to continue to see this, where they look more and more similar and you're able to trade more similar products.
49:53
[SPEAKER_03]: And from a
49:54
[SPEAKER_03]: Traditional financial standpoint.
49:56
[SPEAKER_03]: I think they're going to fall into this pool as well.
49:59
[SPEAKER_03]: You know, you know, with a lot of these old brokerages, oh, you could just trade stocks on them.
50:03
[SPEAKER_03]: I think that moving forward, you're going to start seeing all assets be traded everywhere.
50:08
[SPEAKER_03]: And so that'll probably make everything a little bit more competitive, but really cool update here from meta mask.
50:16
[SPEAKER_06]: Yeah, anything that you find cool.
50:19
[SPEAKER_06]: It's worth looking into in my mind, my friends.
50:21
[SPEAKER_06]: So,
50:21
[SPEAKER_06]: very good breakdown there something that we will continue, but, um, one more in the chat, Ziggy, Ziggy always said he finally caught a live, so Ziggy, thanks for joining us live, really appreciate it.
50:31
[SPEAKER_06]: Really appreciate everybody, if anybody's new, uh, you know, bottom right hit or uh hit our logo, give us a sub and if you can give the video a thumbs up, it helps us grow the channel and get new people.
50:41
[SPEAKER_06]: Um, bad news for inverted investing though, Brendan, I really bad news if you're in really bad.
50:49
[SPEAKER_06]: It is.
50:50
[SPEAKER_06]: Uh, you know, hold your breath here inverted investing because brother, the McRib is coming back and as we've told on this show and the McRib comes back historically, the price action of Bitcoin has increased, um, we'll pull up the chart here as a couple, uh, notions.
51:05
[SPEAKER_06]: So we're going to be looking in 2026 in April, apparently the McRibs coming back will
51:13
[SPEAKER_06]: Maybe it is the only thing that can save us, Brendan.
51:15
[SPEAKER_06]: I don't know, the price action has been so bad.
51:17
[SPEAKER_06]: So just a fun little tidbit there for the people that, you know, number one, if you're a McRib fan, congratulations.
51:25
[SPEAKER_06]: And hopefully for the Bitcoiners, we can turn this ship around with some good legislation news and some good fundamentals.
51:33
[SPEAKER_06]: And then of course, the McRib.
51:35
[SPEAKER_03]: Yeah, I was going through X this morning.
51:38
[SPEAKER_03]: And I was like, what catalyst are there?
51:41
[SPEAKER_03]: What's going on?
51:42
[SPEAKER_03]: And I kid you not.
51:43
[SPEAKER_03]: This is the first post that I come across talking about the McRib coming back and how it's bullish for Bitcoin.
51:50
[SPEAKER_03]: And I was like, oh my, well, the history kind of speaks for itself going back to 2020.
51:56
[SPEAKER_03]: And the McRib is the catalyst.
51:59
[SPEAKER_03]: So don't fade the McRib, long the McRib, that's what it says.
52:03
[SPEAKER_03]: This is going to be one of those things.
52:05
[SPEAKER_03]: Tebo, maybe we even plot this on the chart.
52:08
[SPEAKER_03]: We've had, what was it?
52:10
[SPEAKER_03]: We had the crypto bagel, we had the Bryce Paul call, and we had the Solana ad, and now it might be time for the McRib.
52:18
[SPEAKER_03]: The McRib bottom, I hope it happens.
52:22
[SPEAKER_03]: If it does, I will be going and getting McRib.
52:24
[SPEAKER_03]: I don't think I've ever had one.
52:26
[SPEAKER_03]: Ever.
52:26
[SPEAKER_03]: Uh, if we bought them out here, I will have to get a McRib, I might even have to refrigerate it and eat it on a rundown.
52:33
[SPEAKER_03]: If we skyrocket to all time highs from here, but
52:37
[SPEAKER_03]: Will the McRib Delos?
52:38
[SPEAKER_03]: That's the ultimate question that we want to leave everyone with today.
52:41
[SPEAKER_03]: You let us know.
52:43
[SPEAKER_06]: In the McRib, I'd have to go back and find the tweet.
52:46
[SPEAKER_06]: But I think the McRib came back in spring, summer, maybe.
52:52
[SPEAKER_06]: I don't want to say it was the exact April low, but there was a soft roll out of the McRib at some point between like May and June, and we went all the way up to, you know, one, twenty, two.
53:02
[SPEAKER_06]: You know, I sold 15-20% rips since the last time it came back.
53:06
[SPEAKER_06]: So it is, again, all jokes aside.
53:08
[SPEAKER_06]: It is a funny metric to throw in there.
53:10
[SPEAKER_06]: But hey, you know, if the clock, if it's not broken, don't fix it.
53:15
[SPEAKER_06]: So it's something that will keep tabs on.
53:19
[SPEAKER_06]: That was a fun live.
53:20
[SPEAKER_06]: We went way longer than I thought.
53:21
[SPEAKER_06]: It was, you know, tough, tough price action day.
53:24
[SPEAKER_06]: But guys, we don't, we don't hide.
53:26
[SPEAKER_06]: We're here, we're here for you, we're here for the community.
53:28
[SPEAKER_06]: We appreciate everybody that tuned into the live and all the listeners, you know, out there if you're struggling and looking at your bags and kind of downtrodden, you know, there will be there will be brighter days and will be here with you through that to bring you all the news, to bring you all the developments, you know, in the crypto space we really appreciate everybody listening.
53:47
[SPEAKER_06]: We'll be back later this week, I'm going to try and get Brian on maybe Friday or something.
53:51
[SPEAKER_06]: We'll put out another episode this week and we have tons of more awesome interviews of people building in the space like Brendan said a lot of bullish stuff going on that we're doing and interviewing and learning and we're going to bring that all to you.
54:03
[SPEAKER_06]: So appreciate everybody tuning in, hope you have a great rest of your day and we'll talk to you next time, but that's all for now.
54:08
[SPEAKER_06]: Bye, everybody.