Latest / CRYPTO 101 / Crypto Rundown: XRP All Time Highs, M2 Money Supply for BTC is Working, ETH to $15,000?!

Transcript

Crypto Rundown: XRP All Time Highs, M2 Money Supply for BTC is Working, ETH to $15,000?! · CRYPTO 101

0:08
[SPEAKER_01]: All right, everyone.
0:09
[SPEAKER_01]: Welcome back to the crypto run down where we talk about everything that's going on in the great world of blockchain technology and crypto currency from the fundamentals and the news to the technicals on the charts.
0:21
[SPEAKER_01]: We spend the time doing hours of research so that you all don't have to and of course we bring it to you completely for free every single week.
0:30
[SPEAKER_01]: In fact,
0:32
[SPEAKER_01]: You all have been enjoying this so much.
0:34
[SPEAKER_01]: We've decided why do this one a week or once a week when we could do it twice a week.
0:38
[SPEAKER_01]: So a little bit of an update for everyone before we begin and get started here is we're going to have a little bit of a shift in the schedule.
0:46
[SPEAKER_01]: Now normally we do this every single Wednesday around ten a.m.
0:49
[SPEAKER_01]: And we're going to be changing that because we're going to be doing this now every Monday and Thursday.
0:54
[SPEAKER_01]: So you get two of these crypto run downs every week.
0:57
[SPEAKER_01]: completely for free.
0:59
[SPEAKER_01]: And those are going to be, again, roughly around ten a.m.
1:02
[SPEAKER_01]: every Monday and Thursday.
1:04
[SPEAKER_01]: So we've seen what all of you have asked for.
1:07
[SPEAKER_01]: We know the episodes had been running long and we decided, hey, let's break them up.
1:11
[SPEAKER_01]: Let's touch on this news in a much more time-sensitive way.
1:14
[SPEAKER_01]: And that's going to be the update moving forward.
1:16
[SPEAKER_01]: Now on top of this,
1:17
[SPEAKER_01]: You might have seen some of our other analysts, Brian and Joe also partnering with Tvo and getting different kind of market updates out.
1:24
[SPEAKER_01]: You're going to be seeing more of them as well.
1:26
[SPEAKER_01]: So overall, the content here is just going to be increasing, which means that there's no drawbacks to there being more content.
1:33
[SPEAKER_01]: So, man, we have an awesome episode in store for all of you.
1:37
[SPEAKER_01]: Just a little bit of a high level run down before we get TV on.
1:40
[SPEAKER_01]: Bitcoin is hitting new all-time highs.
1:42
[SPEAKER_01]: XRP is at new all-time highs.
1:44
[SPEAKER_01]: Theorium and Salana are just soaring to new major highs.
1:49
[SPEAKER_01]: Tom Lee is saying he could see Ethereum hit fifteen thousand dollars in the foreseeable future.
1:54
[SPEAKER_01]: He backs this up with some solid data.
1:56
[SPEAKER_01]: There's Ethereum treasure.
1:58
[SPEAKER_01]: He's coming out of the woodworks.
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[SPEAKER_01]: Just new ones that we're going to talk about.
2:01
[SPEAKER_01]: A lot of other positive Ethereum news and legislation pro crypto regulation is continuing to be passed with the Genius Act and on top of this.
2:12
[SPEAKER_01]: The M two money supply is just soaring in with this crypto's following and we finally feel a bit vindicated and finally here what we've seen is a huge revelation come out and regards to the strategic bitcoin reserve
2:27
[SPEAKER_01]: It was once said that the U.S.
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[SPEAKER_01]: had around four hundred thousand Bitcoin, then two hundred thousand.
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[SPEAKER_01]: And now there's a surprise, I guess, piece of information that's saying maybe we only have thirty thousand.
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[SPEAKER_01]: So we have a lot of stuff to talk about here.
2:38
[SPEAKER_01]: A lot of stuff to break down.
2:39
[SPEAKER_01]: Obviously, the crypto market is just exploding to the upside and Tivo.
2:44
[SPEAKER_01]: I mean, we were talking about this all last week over the weekend.
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[SPEAKER_01]: We were texting back and forth.
2:49
[SPEAKER_01]: And we just couldn't believe our eyes.
2:50
[SPEAKER_01]: I mean, yeah, we've been talking about this, but what a freaking move.
2:55
[SPEAKER_00]: Yeah, an unbelievable, really runs since the bottom of liberation day for all markets to be frank.
3:01
[SPEAKER_00]: And I know we've kind of touched on that over the last couple months, but nothing's been more exciting and more higher volatility, the upside than the crypto markets.
3:10
[SPEAKER_00]: And there's just so much that we've covered and I've preached this, I've preached this.
3:15
[SPEAKER_00]: Literally all the time when we're in the down and the boring phases and the choppy markets and again we've talked about it We don't hide anything our numbers go up when the price action goes up people are excited they're searching for it.
3:25
[SPEAKER_00]: They want to know what's going on
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[SPEAKER_00]: So now that we have everybody here because our numbers are ripping once again as excitement goes up.
3:33
[SPEAKER_00]: Guys, stick with us.
3:34
[SPEAKER_00]: Stick with us because it's never straight line up.
3:36
[SPEAKER_00]: There's always going to be volatility in the markets and I think Brian and I don't want to speak for you, but I think we have a very bullish view of the rest of the year.
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[SPEAKER_00]: Going into twenty twenty six.
3:46
[SPEAKER_00]: But I don't think it's going to be a straight line up.
3:47
[SPEAKER_00]: There's always these events and, you know, whether it's the Fed or some, you know, some inflation data, there's going to be something that we can't see over the next six months.
3:56
[SPEAKER_00]: That's going to give us a little bit of volatility.
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[SPEAKER_00]: Hopefully that volatility will be opportunity.
4:01
[SPEAKER_00]: But I think if you're here now and you kind of looked back maybe to the, like if you're a listener that came in in November, December and January and then you kind of got bored and faded out in April, March and May and now you're back.
4:14
[SPEAKER_00]: Maybe stick with us this time, because I mean, the absolute rivers that we've had on these episodes, both interviews, both we've talked about this, both interviews, again, the maples of the world and the people that we bring on, and then Pengue.
4:27
[SPEAKER_00]: I mean, me and you talked about Pengue, for months, for months, for months, literally, for like probably eight weeks, nine weeks, possibly in a row.
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[SPEAKER_00]: And you know, I mean, Pengue's up, three hundred percent.
4:42
[SPEAKER_00]: You're in the right place.
4:44
[SPEAKER_00]: We love you all.
4:45
[SPEAKER_00]: We're doing more, which is what everybody's been asking for.
4:47
[SPEAKER_00]: You teed that up great.
4:48
[SPEAKER_00]: We're going to be doing some summer vacation coming up.
4:51
[SPEAKER_00]: So we're kind of going to be jumping around a little bit.
4:53
[SPEAKER_00]: I think over the next three weeks, but we're going to be putting out as much content as we can after a week off for our big company get together last week.
5:01
[SPEAKER_00]: And then yeah, into the fall, the momentum is going to be high on this channel and on this podcast here in the right place.
5:08
[SPEAKER_01]: I mean, spot on man.
5:09
[SPEAKER_01]: I mean, where do we even begin with this?
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[SPEAKER_01]: I mean, I think we have to talk about prices first.
5:13
[SPEAKER_01]: I'll put up a little bit of a screen share just so everyone can see what we're talking about here.
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[SPEAKER_01]: If we look at the charts again, just very briefly, and what's been going on here, I mean, let's look at this Bitcoin hitting a new all-time high of a hundred and twenty three thousand last week while we were gone.
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[SPEAKER_01]: even now sitting right around a hundred and eighteen hundred and nineteen thousand a theorem just continuing to outperform Bitcoin.
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[SPEAKER_01]: This things exploding to the upside I mean look how many green candles has this been in a row to you though.
5:43
[SPEAKER_01]: I mean we've had one green candles since July.
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[SPEAKER_01]: We've had one red day since July eighth and that red day was half a percent red.
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[SPEAKER_01]: I mean if you look at this it's already up fifty two percent in the last two weeks with one
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[SPEAKER_01]: Red Day closing.
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[SPEAKER_01]: Salana, similar story here.
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[SPEAKER_01]: I mean, this thing's pushing back up to two hundred bucks.
6:06
[SPEAKER_01]: XRP is at all time highs right now around three dollars and sixty five cents.
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[SPEAKER_01]: Who he's been back on the rise.
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[SPEAKER_01]: Arrow drum has been back on the rise here in recent months.
6:16
[SPEAKER_01]: In a matter of where you look, you know, you could say the same thing about Avay and fart coin pushing towards the highs or like you said a little bit earlier.
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[SPEAKER_01]: We could look at Pengu, which I just had up here, a Pengu.
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[SPEAKER_01]: I mean, just non-stop at all-time highs as we're talking over here.
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[SPEAKER_01]: This thing's crushing it.
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[SPEAKER_01]: It's ripping and it's just performing.
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[SPEAKER_01]: And altcoins everywhere.
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[SPEAKER_01]: I mean, hype, another one, just all at the highs.
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[SPEAKER_01]: And everything, whether, you know, you like it, you don't like it.
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[SPEAKER_01]: Like everything in crypto is doing really, really well at the moment.
6:50
[SPEAKER_01]: And so tons of attention towards the crypto market.
6:53
[SPEAKER_01]: We're seeing a lot of things happen here and you know, we don't spend too much time on the charts today because we have some other stuff in store this week, but like
7:02
[SPEAKER_01]: Look at the Bitcoin dominance chart, TV though.
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[SPEAKER_01]: I mean, just briefly, we'll just take a look.
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[SPEAKER_01]: It's in free fall.
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[SPEAKER_01]: And we have talked about this so much.
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[SPEAKER_01]: We're going to go into much more depth on Bitcoin dominance a little bit later on in the week with some of our other things to stay tuned for that.
7:17
[SPEAKER_01]: Make sure you are stay tuned and you're signed up and all that could stuff.
7:21
[SPEAKER_01]: But I mean, the crypto market here is just in full on bullseys and altcoin season, whatever you want to call it.
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[SPEAKER_01]: It's here.
7:32
[SPEAKER_01]: And we've been trying to talk about this.
7:33
[SPEAKER_01]: We talked about a lot of the catalysts that we're going to cause this.
7:38
[SPEAKER_01]: And for a moment, people were probably looking at this and being like, you know, hey, all this good stuff's happening, but it's not moving price in this and that.
7:44
[SPEAKER_01]: And we were saying, well, yeah, it takes a little bit of time for people to actually respond and react to all these things that are happening.
7:52
[SPEAKER_01]: And now we're starting to see things shift in the high gear.
7:56
[SPEAKER_00]: If I could, if I could actually divert us a little something here, I mean, this just really sums up where we are right now in the markets.
8:05
[SPEAKER_00]: Just absolutely pure bullishness from Brendan.
8:10
[SPEAKER_00]: And I think we need, we didn't really have this on the sheet.
8:13
[SPEAKER_00]: I'm going to pull something off the bread.
8:15
[SPEAKER_00]: We need to have a minute.
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[SPEAKER_00]: We need to have a minute and we need to celebrate with our friends, friends of the program, obviously, of the XRP Army.
8:25
[SPEAKER_00]: XRP surface is a two hundred and fifteen billion dollar market cap today and as you kind of touched on at all time highs.
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[SPEAKER_00]: I know both you know hand up me and you not the biggest XRP fans per se but we we route for everybody in the markets and we route for everybody in crypto because because I think you know as it ties lifting all boats.
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[SPEAKER_00]: Um and an XRP is is something that for some reason gets gets retail, you know, they're not I don't have retail.
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[SPEAKER_00]: That's the right word.
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[SPEAKER_00]: The newer like.
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[SPEAKER_00]: Your friends come up to you aren't in crypto.
8:56
[SPEAKER_00]: This is for me specifically.
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[SPEAKER_00]: People who've never talked crypto with me, darn interested in crypto and then all the sudden the price action starts happening and they want to talk about it the first thing they talk about is XRP.
9:06
[SPEAKER_00]: And so I always am interested how that happens.
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[SPEAKER_00]: But I think we just we just got to give a moment for XRP and say congratulations and we're rooting for you.
9:15
[SPEAKER_00]: I didn't know if you had any thoughts on XRP.
9:18
[SPEAKER_01]: Yeah, I mean, listen, here's the deal.
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[SPEAKER_01]: You know, we cover everything.
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[SPEAKER_01]: The good, the bad, the ugly people get mad because I've had a history of saying the quiet part out loud when it comes to XRP and people got upset with me.
9:31
[SPEAKER_01]: Here's the deal.
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[SPEAKER_01]: I'm a trader, right?
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[SPEAKER_01]: Whatever, I think about it fundamentally, I trade the chart, I trade with Todd, I'm here to make money and not here to like marry the XRP relationship.
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[SPEAKER_01]: So when it comes to XRP, guess what, I own it, right?
9:47
[SPEAKER_01]: But I'm still going to talk about both sides of the story who good in the bad.
9:50
[SPEAKER_01]: And so it's funny because I've owned enough traded this thing since, twenty, seventeen on and off.
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[SPEAKER_01]: You know, whenever I do say something bad about it occasionally, or I call it out for some shenanigans, people come for my throat.
10:04
[SPEAKER_01]: But again, even at this moment in time, I have exposure to it, because I think that there is an opportunity there.
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[SPEAKER_01]: Now, regardless of the fundamentals, which I think are, again, on the rough side, the technicals and some of the fundamental catalysts outside of the core, you know,
10:21
[SPEAKER_01]: token or the core project itself.
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[SPEAKER_01]: The catalysts that are backing this, some of the news that is coming and will continue to come, is fantastic.
10:30
[SPEAKER_01]: You can't overlook it.
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[SPEAKER_01]: You can't overlook what they've been accomplishing and what they will probably continue to accomplish.
10:36
[SPEAKER_01]: And on top of that, like the price action speaks for itself.
10:40
[SPEAKER_01]: So regardless of whether you like their tokenomic structure or you like, you know, their, their history, I mean, how the execs have interacted with the coin, like, regardless of all that stuff.
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[SPEAKER_01]: You can look at the chart.
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[SPEAKER_01]: You can look at some of the ETF catalysts.
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[SPEAKER_01]: You can look at its like volume and, and how it's been trading here.
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[SPEAKER_01]: And it's been one of the better coins, which is why I've had exposure to it.
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[SPEAKER_01]: So you're right.
11:02
[SPEAKER_01]: I mean, see what we got to give it.
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[SPEAKER_01]: It's credit.
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[SPEAKER_01]: We got to give it some kudos here.
11:06
[SPEAKER_00]: There's one guy.
11:07
[SPEAKER_00]: I can't remember.
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[SPEAKER_00]: I can't remember his name.
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[SPEAKER_00]: I will find it.
11:09
[SPEAKER_00]: Hopefully he comes in the live sometime.
11:11
[SPEAKER_00]: There's one guy that like just absolutely barks at you for for XRP and so funny.
11:17
[SPEAKER_00]: I know.
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[SPEAKER_00]: But we love it.
11:19
[SPEAKER_00]: And you said you're a trader.
11:20
[SPEAKER_00]: I know I was in XRP the last kind of run up ahead.
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[SPEAKER_00]: I kind of got a got nice little rip on it.
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[SPEAKER_00]: And I sold out.
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[SPEAKER_00]: I'm not necessarily a holder.
11:28
[SPEAKER_00]: But I think that I think there's if there's one person who is also a world renowned trader of XRP is
11:36
[SPEAKER_00]: My old boss, Dave Portnoi, who, you know, credit to him is just somebody who dies into things.
11:43
[SPEAKER_00]: He's obviously one of the, the godfather's of the internet content game and he's he kind of saw the XRP army and wanted to be a part of it and bought in and then I guess.
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[SPEAKER_00]: I guess he sold it without necessarily saying on this program.
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[SPEAKER_00]: And then he kind of put out a PSA over the weekend that he was devastated sold out.
12:03
[SPEAKER_00]: So let's see what Dave Dave was saying about XRP this week.
12:08
[SPEAKER_00]: Unreal, Unreal honesty.
12:10
[SPEAKER_00]: And that's what Dave's known for, right?
12:11
[SPEAKER_00]: He tells it like it is.
12:12
[SPEAKER_00]: And man, I feel like Dave is
12:17
[SPEAKER_00]: He's had, so he's obviously had some winners.
12:18
[SPEAKER_00]: I mean, I think the guy in one of the hottest like gambling years last year in public history, he was riding like Scotty Schaffler on the golf wins and he won like millions and millions of dollars.
12:28
[SPEAKER_00]: But he always seems to be on the wrong side of the crypto trade, which is great for content numbers, obviously.
12:35
[SPEAKER_00]: And obviously it was proud to work for David.
12:38
[SPEAKER_00]: Huge fan of Dave, but maybe we could help him with some crypto tips.
12:44
[SPEAKER_00]: But yeah, you don't want to be the guy that gives them gives them the wrong tips.
12:48
[SPEAKER_00]: But shout out to the XRP Army.
12:50
[SPEAKER_00]: I think they deserve their moment on the program today to be quite honest.
12:54
[SPEAKER_00]: And it's a killer program.
12:56
[SPEAKER_00]: The viewers are here.
12:57
[SPEAKER_00]: The commenters are here.
12:58
[SPEAKER_00]: Let's give everybody a shout out real quick.
13:00
[SPEAKER_00]: Because this is what we want to do.
13:01
[SPEAKER_00]: We want to build our community and we appreciate everybody coming back.
13:03
[SPEAKER_00]: We got Trinity.
13:04
[SPEAKER_00]: We've got
13:05
[SPEAKER_00]: Nom Rada who's excited about an Ethereum update.
13:08
[SPEAKER_00]: Nom Rada that's coming next Ryan Boyle in classic D&T NFT here as well.
13:13
[SPEAKER_00]: Everybody seems to be excited for today's show and for the three times a week I'm seeing some clamoring for that.
13:20
[SPEAKER_00]: But the Ethereum update is what somebody asked for and lucky enough that is on the rundown as are as our next topic.
13:27
[SPEAKER_00]: So Brendan, I'll hand it off to you to TS up.
13:29
[SPEAKER_01]: Yeah, it's one of the big talking points of if not in the major talking point up today's episode and the you know like we said with XRP we tell you how it is we tell you how how we feel good and bad if you remember the first part of this year
13:45
[SPEAKER_01]: I didn't have a ton of good things to say about Ethereum necessarily, but, you know, that shifted a couple of months ago.
13:52
[SPEAKER_01]: And so, you know, matter which way you look at this, you know, again, we like to just be honest.
13:57
[SPEAKER_01]: And we've shifted towards being bearish on it, to being bullish on it.
14:01
[SPEAKER_01]: around the right time and also to you though a little bit of credit to you you know you got on one of the lead developers from a theory I'm like right towards the bottom and that was one of the tipping points for me I talked to him he helped me understand why they were making the decisions that they were making and that podcast was the thing that really turned me over the edge because I was dabbling on it like do I want to flip bullish yet
14:26
[SPEAKER_01]: And that was the point where I was like, all right, it's time and it was like right towards the bottom.
14:30
[SPEAKER_01]: So kudos to you for for getting them on here fantastic interview if you haven't seen it and yeah, I mean, if we just look at it, let me just time.
14:38
[SPEAKER_00]: Well, number one, I appreciate the the kudos there.
14:41
[SPEAKER_00]: That's how I try and structure the shows is obviously we want big guests the bigger the name the better obviously but like you know we meet and we talk like hey you guys interested in this here's the you know the inflows we have let's choose them and I just I even put this in the group chat hand up Ethereum was falling like a rock and and I'm a long term Ethereum holder and bull and and the proud love the project and and the mission and
15:04
[SPEAKER_00]: I just, I put in the group chat, the team group chat.
15:06
[SPEAKER_00]: I don't even remember this, but I just, I put it out there.
15:09
[SPEAKER_00]: I wasn't selling yet, but it was like Ethereum was dropping, you know, breaks two k, nineteen, eighteen, seventeen, eight, sixteen, and I'm just putting the chat to go, hey, is Ethereum dead?
15:18
[SPEAKER_00]: Like, you know, you guys are my shepherds.
15:21
[SPEAKER_00]: Bryce, you know, Brendan, you know, Brian Joe, where he are whole team.
15:25
[SPEAKER_00]: You guys shepherd me and help me guide and learn and educate to make my decisions.
15:30
[SPEAKER_00]: And I just, I needed a second opinion.
15:32
[SPEAKER_00]: I was like, guys, is Ethereum
15:34
[SPEAKER_00]: dead.
15:35
[SPEAKER_00]: Am I the only one holding these bags?
15:37
[SPEAKER_00]: Is this thing falling like a rock?
15:39
[SPEAKER_00]: And every single one of our analysts team said no, no, go in down with the ship.
15:44
[SPEAKER_00]: I don't believe in this move buying the dip.
15:46
[SPEAKER_00]: The whole nine yards.
15:47
[SPEAKER_00]: And I was like, OK, OK, I'm still a believer then.
15:50
[SPEAKER_00]: And then I know me and you kind of talked offline about how we play that, whether it's futures or options.
15:55
[SPEAKER_00]: And we started buying that dip.
15:56
[SPEAKER_00]: And it has been absolutely fruitful.
15:59
[SPEAKER_00]: Thanksgiving's not for a while, but if I might say a corner copia of profits were had if you were buying that dip and you know it's saying that I think that's the important part of you know watching the show subscribing if you haven't putting on the notification bells because
16:15
[SPEAKER_00]: There's a community sense.
16:16
[SPEAKER_00]: So if you want to be the community here on YouTube, or scroll down, check the links below.
16:20
[SPEAKER_00]: A Brendan has trading courses.
16:21
[SPEAKER_00]: We have crimp nation, which I know a lot of people in the chat are a part of crimp nation.
16:25
[SPEAKER_00]: It's all about having that community.
16:27
[SPEAKER_00]: So you're not out on an island trying to trade.
16:29
[SPEAKER_00]: You're not trying to make these decisions by yourself.
16:31
[SPEAKER_00]: And again, it's not personal financial advice of anything that we do, but it's all about community and sharing our own thoughts and ideas and educating each other.
16:39
[SPEAKER_00]: And that's the awesome part of what we do here and why we're passionate about it and love it so much.
16:43
[SPEAKER_00]: Without my team, without my crimnation team, I might have, of let go of the Ethereum bags, and that would have been an awful decision.
16:51
[SPEAKER_01]: No paper hands over here.
16:53
[SPEAKER_01]: I see people talking about it in the chat box.
16:58
[SPEAKER_01]: Let's talk about Ethereum, right?
17:00
[SPEAKER_01]: That's the talk of the town right now that we showed the chart.
17:03
[SPEAKER_01]: It is just sky high.
17:05
[SPEAKER_01]: Theory met thirty eight hundred.
17:07
[SPEAKER_01]: What is happening with the theorem?
17:08
[SPEAKER_01]: Well, there's a couple of things to understand here.
17:12
[SPEAKER_01]: Number one, the genius act was just passed.
17:17
[SPEAKER_01]: It's official.
17:17
[SPEAKER_01]: It's in law.
17:18
[SPEAKER_01]: We're going to show a video of that in just a little bit here, but
17:22
[SPEAKER_01]: I mean, if you look at what's been happening, not only is the genius act being passed, Ethereum's getting mass adoption.
17:27
[SPEAKER_01]: We're talking about tokenizing the whole stock market and the treasury market and all these different things on Ethereum.
17:33
[SPEAKER_01]: And that's been popularized by not only Robin Hood but other players.
17:38
[SPEAKER_01]: Then you look at these ethetresuries that are coming out of the woodworks.
17:41
[SPEAKER_01]: You have bitmind.
17:42
[SPEAKER_01]: You have sharp link.
17:43
[SPEAKER_01]: You have a new one that's called the ether machine.
17:46
[SPEAKER_01]: And it's partnered with, I think it's called Dynamics.
17:49
[SPEAKER_01]: and they just continue to come out and accumulate Ethereum.
17:54
[SPEAKER_01]: A couple of other things, you know, Aspet just raised another five billion dollars to buy Ethereum.
17:59
[SPEAKER_01]: Tom Lee's bit mine is now the number one corporate holder of Ethereum.
18:04
[SPEAKER_01]: They said that they want to accumulate around five percent of Ethereum supply.
18:09
[SPEAKER_01]: Acroctus filed for staking and it's Ethereum ETF and the Ethereum ETFs are hitting new all-time highs right now in terms of inflows.
18:17
[SPEAKER_01]: So like you look at Ethereum across the board and it's win after win after win and they're firing on a lot of the primary metrics that you would measure success from.
18:27
[SPEAKER_01]: Now on top of this, you know, going back to what Tom Lee, big, uh, big friend of the pot over here.
18:32
[SPEAKER_01]: We always like to reference him.
18:33
[SPEAKER_01]: I think he's a fantastic investor.
18:35
[SPEAKER_01]: He's a guy that I look up to.
18:37
[SPEAKER_01]: Obviously, extremely wealthy and successful in the triad farm markets, been very
18:41
[SPEAKER_01]: You know, pro-crypto, but he's been talking to how he thinks Ethereum is still way undervalued relative to where it could be.
18:48
[SPEAKER_01]: He is saying, hey, a ten-thousand dollar Ethereum is something that is a very real possibility given a lot of these adoption metrics that we just talked about, given a lot of what's going on, especially in regards to stablecoins in tokenization.
19:04
[SPEAKER_01]: If that continues the head in the direction that it is heading, he's like ten to fifteen thousand dollars seems reasonable.
19:09
[SPEAKER_01]: If you're going to have a multi trillion dollar stable coin industry, it's hard to have the underlying thing that empowers all that and makes all that successful to not be worth a couple trillion dollars, right?
19:23
[SPEAKER_01]: There's a reason why Nvidia is worth, you know, is the most valuable company in the world at four trillion over four trillion dollars.
19:29
[SPEAKER_01]: Why?
19:30
[SPEAKER_01]: It's because it empowers the AI industry.
19:32
[SPEAKER_01]: It empowers the gaming industry.
19:34
[SPEAKER_01]: It empowers computing and all these other areas that we view is successful.
19:39
[SPEAKER_01]: But it's like one of the primary pieces of technology that empowers and makes it all possible in the first place and the same way that Ethereum is empowering and making tokenization and stablecoins and all these other things possible in the way that we know them right now.
19:54
[SPEAKER_01]: Anyway, I'll stop yapping.
19:56
[SPEAKER_01]: Ethereum is one of the primary pieces of infrastructure here, but Tom Lee goes on and explains it for himself.
20:03
[SPEAKER_00]: Yeah, and before we play this, I know we reference Tom and a lot of similar people a lot.
20:07
[SPEAKER_00]: And obviously, those are our opinions, but you got to recognize and show some love for Tom Lee's office where he has a legit bed in the back.
20:14
[SPEAKER_00]: I mean, if that doesn't show you that this guy's putting in the hours, I don't know what will.
20:19
[SPEAKER_00]: So let's hear what Tom has to say.
20:20
[SPEAKER_00]: Straight from course is mouth.
20:23
[SPEAKER_01]: Yeah, and I like how we explained how you have to give these more software style plays as he labeled it, a higher multiple, because they are not directly interacting and dealing with customers and all this stuff.
20:35
[SPEAKER_01]: They're just providing the software or the base value.
20:38
[SPEAKER_01]: And it's a fantastic point.
20:41
[SPEAKER_01]: And so when you begin to understand that and that, if we are going to see, which we, by the way, this isn't even real.
20:48
[SPEAKER_01]: This is like, it's already happening that
20:51
[SPEAKER_01]: these banks and these companies.
20:53
[SPEAKER_01]: They've already applied for stablecoins.
20:55
[SPEAKER_01]: I think we've talked about Amazon, and I think Uber was another, and we've talked about Bank of America, and Doisha Bank, and all these other players, like JP Morgan and the list goes on, like there's a bunch of different groups that have already applied for stablecoins.
21:10
[SPEAKER_01]: And they're saying, like, please, like the genius act is going to be getting a pass.
21:14
[SPEAKER_01]: We want to get ahead of the ball here.
21:17
[SPEAKER_01]: And they've already begun filing for their own stablecoins.
21:20
[SPEAKER_01]: And again, they're almost all of them, if not all of them that I've seen so far, like all the infrastructures all on Ethereum.
21:27
[SPEAKER_01]: So I'm sure some will use USDC, some will use Tether, some will use some of the existing stablecoins, and might even be
21:35
[SPEAKER_01]: a scenario where they do a little bit of their own and a little bit of these other ones that are already around.
21:39
[SPEAKER_01]: But we're seeing massive adoption and if Ethereum is the infrastructure for that, you have a hard time believing that, you know, it can't get to some of these higher multiples.
21:49
[SPEAKER_01]: And I think
21:50
[SPEAKER_01]: previous to this right it would have been hard to say you know hey are we going to be able to hit a fifteen thousand dollar ethereum in the foreseeable future right we're not talking this week this month but you know maybe in the next year or two or something like that and I think previously you would have had a little bit of a harder time making that argument now when you're looking at corporate adoption of it again between both like financial institutions asset managers banks and even traditional
22:14
[SPEAKER_01]: Fortune, five hundred companies, I think now it's a lot easier to look at that and say, well, if they're providing the infrastructure to Amazon, to Uber, to, you know, Deutsche Bank, to City, to like whatever it may be, then it's like, okay, well, that makes a whole lot more sense.
22:30
[SPEAKER_01]: And that's really what we're looking at with some of these upside ideas in prediction.
22:35
[SPEAKER_01]: So, I mean, I don't have a lot else to say besides that on the Ethereum side.
22:38
[SPEAKER_01]: I mean, it's kind of speaking for itself.
22:41
[SPEAKER_01]: The last thing I will say is with a lot of this, you know, clearly,
22:45
[SPEAKER_01]: I'm always pretty optimistic and bullish, right?
22:48
[SPEAKER_01]: Maybe I'm biased because I've been working in the crypto space for almost a decade, right?
22:53
[SPEAKER_01]: But the one thing I'll say here is we're gonna have ups and downs.
22:56
[SPEAKER_01]: Right now we're clearly just parabolically asymmetrically moving to the upside.
23:01
[SPEAKER_01]: That will not always be the case, right?
23:03
[SPEAKER_01]: I always like to come level headed.
23:05
[SPEAKER_01]: We're not going to continue this momentum forever.
23:08
[SPEAKER_01]: We talked about one red day on Ethereum in the last two weeks.
23:12
[SPEAKER_01]: That is like the unlikely scenario.
23:15
[SPEAKER_01]: We're going to have pullbacks.
23:16
[SPEAKER_01]: We're going to have down days and cryptos notoriously volatile.
23:20
[SPEAKER_01]: And it'll probably hurt when it happens.
23:21
[SPEAKER_01]: However, I do think that the dips that we have here will be shallower and shorter lived than what we have seen in the last couple of years.
23:30
[SPEAKER_01]: And I think that the macro picture, the big picture here, has reversed from lower highs and lower lows trending downwards to a higher highs and higher lows trending upwards.
23:41
[SPEAKER_01]: And so when we do have these dips, even if they are a little bit scarier, I'm going to be a buyer.
23:46
[SPEAKER_01]: I view this as a buy the dip opportunity and that's the direction that I see the general crypto space, especially something like Ethereum heading into the foreseeable future.
23:56
[SPEAKER_01]: So a little bit of a note there.
23:58
[SPEAKER_00]: Yeah, and I think
24:01
[SPEAKER_00]: playing your trades and trade your plans.
24:03
[SPEAKER_00]: I think, you know, I know we've kind of, again, we get more specific of offline.
24:07
[SPEAKER_00]: Sometimes, me and you, but, you know, you've taught me through your trading course that I've taken is like, you know, set your stop losses.
24:14
[SPEAKER_00]: Like, don't, don't leave it to your emotions.
24:17
[SPEAKER_00]: And so as I've had some kind of plays where I was, you know, maybe quote unquote all in or a little over leverage, I said some
24:23
[SPEAKER_00]: I said some cell points not the whole bag but like you know just some take profit stop losses and some of them have gotten hit over certain projects that I that I've been on and I'm okay with that because it's taking some off the table and it's and I don't have to think about it.
24:37
[SPEAKER_00]: It's not an emotion
24:38
[SPEAKER_00]: It's just a technical, like, okay, I'm gonna let this ride, like if this keeps going parabolic to the upside, I'll be in it, but like here's, here's a little take profit zone that I'm gonna just set it in, truly set it in, forget it.
24:51
[SPEAKER_00]: And I did that for a bunch of stuff, and then, you know, over the last week or so, I think, you know, there's been, you know, some ups, downs, and they were pretty tight, because my bags were a little inflated, but yeah, some got taken off the table for me, but that's fine.
25:03
[SPEAKER_00]: And that's the way,
25:05
[SPEAKER_00]: That's the way it goes.
25:06
[SPEAKER_00]: And I still have a healthy exposure to the upside.
25:09
[SPEAKER_00]: It's just, you know, the motions of this thing on both kind of like my Ethereum story to the downside and to the upside, your emotions can take over.
25:17
[SPEAKER_00]: And you got to try to control that.
25:19
[SPEAKER_00]: And I think that's like a large glass tech that didn't forget it is a great way to do that.
25:22
[SPEAKER_01]: I mean, it's thought all in man.
25:26
[SPEAKER_01]: We can only talk about Ethereum so much here, but I think a really important topic that I came across this weekend was, well, what's happening with Bitcoin here?
25:35
[SPEAKER_01]: And there's a little bit of a flood.
25:37
[SPEAKER_01]: And what we've essentially seen, we're going to roll a clip here.
25:42
[SPEAKER_01]: But at one point in time, the cryptos are of the United States, David Sachs, came out and said, hey, like at one point in time, we had four hundred thousand Bitcoin
25:53
[SPEAKER_01]: owned by the U.S.
25:54
[SPEAKER_01]: And then earlier this year, it's like, hey, we're still trying to get a head count on this all, but it looks like we've sold off half of that down to around two hundred thousand dollars or two hundred thousand Bitcoin, not two hundred thousand dollars.
26:06
[SPEAKER_01]: He said, we went from four hundred thousand Bitcoin to two hundred thousand Bitcoin.
26:10
[SPEAKER_01]: And he's like, we sold off half of it.
26:11
[SPEAKER_01]: Like, what a blunder that happened prior to the new administration.
26:16
[SPEAKER_01]: This is a big deal because when the new administration came in with the crypto or Bitcoin treasury, they said the US has done selling the the days of the government selling off Bitcoin on to retail is over, which is a crazy concept, but now more evidence is coming out as they continue to dive into this.
26:36
[SPEAKER_01]: That not only did the US, you know, go from a four hundred thousand Bitcoin reserve at one point to two hundred thousand.
26:43
[SPEAKER_01]: Now it's looking like there's only twenty eight twenty nine thousand Bitcoin left, which means that
26:49
[SPEAKER_01]: they've sold almost double what was anticipated bringing the reserve from what was it again written down before and a thousand down to around twenty eight to twenty nine thousand which is a ridiculous ridiculous sell off and we'll talk about this a little bit after the clip I want to actually have David you know say his old speel and run us through it and then I'll give my opinion on like what this means for Bitcoin just for clarity that clip was from March seven earlier in the year
27:18
[SPEAKER_00]: And so now that the audit is happening, I don't think we have the results.
27:22
[SPEAKER_00]: There's some leaks that are coming out of saying that maybe we actually have less Bitcoin than that two hundred thousand dollars that he referenced there, but any like what have you seen from that?
27:31
[SPEAKER_00]: Because obviously just I just want to set the listeners.
27:33
[SPEAKER_00]: That's not something that was said this week.
27:35
[SPEAKER_00]: That was back on March seventh.
27:37
[SPEAKER_00]: And the executive order was signed to go do the audit so now that the audit is happening.
27:42
[SPEAKER_00]: There's again, like I said, maybe some leaks that we might have less.
27:45
[SPEAKER_00]: So what are you seeing, Brandon from your research?
27:47
[SPEAKER_00]: What are you hearing?
27:48
[SPEAKER_00]: And then obviously we hope that David Sachs will maybe release a full report at some point at our stockpile.
27:54
[SPEAKER_01]: Yeah, I mean, let's show my tweet that was attached to this because I responded to the new update here with a little bit of my own opinion on the matter.
28:04
[SPEAKER_01]: And what I said here and right below this is the report, but in the report, it talks about it, then I retweeted the report saying, if in all caps, because like Tvo said,
28:16
[SPEAKER_01]: David came out said we had four hundred thousand now it looks like we have two hundred thousand but we don't know and we're going to do an audit now these leaks are coming out from the audit saying like we only have twenty eight thousand uh... nine hundred eighty a bit when and so i responded by saying
28:32
[SPEAKER_01]: If, this is true, then it would explain why Bitcoin's price was suppressed for so many years.
28:39
[SPEAKER_01]: This would mean that the days of heavy selling are over and that the US has a massive game of ketchup to do in order to get back to what they were expecting to hold of two hundred thousand Bitcoin.
28:52
[SPEAKER_01]: The biggest buy orders are ahead of us.
28:54
[SPEAKER_01]: So if we look at this, and we say, and a lot of people wonder, why isn't crypto skyrocketing sooner?
29:00
[SPEAKER_01]: Why didn't it go on these crazy runs?
29:03
[SPEAKER_01]: Why did it keep seeing so many of these really harsh sell-offs time and time again?
29:10
[SPEAKER_01]: And it felt like we couldn't just break out to the upside.
29:14
[SPEAKER_01]: That was a real question on people's mind.
29:16
[SPEAKER_01]: And the answer here is because the government
29:20
[SPEAKER_01]: you know, assuming that this is all true, we know that they sold off two hundred thousand.
29:25
[SPEAKER_01]: But if it's true that they sold off almost four hundred thousand almost double that, then it would explain why the crypto market, why Bitcoin specifically was suppressed, why it kept seeing these sell-off events, why it kept like not being able to break out.
29:41
[SPEAKER_01]: And it's because essentially the government had been selling on the retail and you look at that and you got to think about that.
29:48
[SPEAKER_01]: We try to stay out of government's perspective on crypto and it'll like to be political but like if the government was mass-selling an asset on to retail traders on to retail investors like crazy it is crazy that they were selling billions and billions of dollars worth on to the average Joe like like you eyed the listeners
30:10
[SPEAKER_01]: And so when we wonder why Bitcoin wasn't able to do all these things, it's because the government had this one of the biggest stockpiles out of every holder in Bitcoin's history.
30:19
[SPEAKER_01]: And they were just flushing it out onto the order of books and OTC desk and to all this stuff.
30:24
[SPEAKER_01]: And it's, it's a wild thing.
30:26
[SPEAKER_01]: So I know I'm fired up and it gets me right up about it.
30:29
[SPEAKER_01]: But like if that's true, then again, it's a really crazy thing to think about in the past.
30:36
[SPEAKER_01]: The caveat here is that it's a really good thing going forward because the US says that it wants to be the crypto capital of the world.
30:43
[SPEAKER_01]: They say we're going to be the crypto capital of the world.
30:46
[SPEAKER_01]: Well, it's hard to do that with a supply of twenty eight thousand Bitcoin, right?
30:50
[SPEAKER_01]: If they were expecting to have two hundred thousand and they were complaining about that saying, all we sold off half of it, there's proposals out there that says the US needs to have a million Bitcoin.
31:00
[SPEAKER_01]: Well, the reality here is that if we are going to be the crypto capital of the world, and we want to catch back up to two hundred thousand, four hundred thousand, a million Bitcoin, then what does the US have to do now?
31:10
[SPEAKER_01]: Well, now they have to go buy.
31:12
[SPEAKER_01]: They're going to be buying it a much more expensive price, but they need to go in a choir Bitcoin, which would do the opposite, right?
31:20
[SPEAKER_01]: Because now what we've talked about to you, though, is that the Bitcoin supply on exchanges are low, the Bitcoin supply on OTC DAS are low,
31:27
[SPEAKER_01]: And if the US is going to go in a choir new Bitcoin here, then they would have to be doing some aggressive buying to get back to where they were at.
31:34
[SPEAKER_01]: And that would absolutely just send price.
31:37
[SPEAKER_01]: So we'll see once the full report is out, once we have the full picture, we'll probably get a better understanding of what's going to happen there.
31:45
[SPEAKER_01]: But if the US wants to truly go and catch up and be the crypto capital of the world, they'd have to go get their hands on a lot more Bitcoin.
31:51
[SPEAKER_01]: And yeah, imagine what that would do.
31:54
[SPEAKER_00]: The build on that point, this is what I think we're going to have fun doing more episodes a week, because we kind of have great conversation and we can build on it.
32:03
[SPEAKER_00]: And so to build on that point, again, I don't know, let's say I'm not to get political if we say that a lot, but like just to have a little fun, if everybody wants to take out their tin foil, if you want to wrap it around your head, make a little tin foil hat.
32:14
[SPEAKER_00]: If you want to go full bloom conspiracy theory, not friend of the program, not friend of the program, sandbake, and freed.
32:21
[SPEAKER_00]: uh... who got caught with huge huge fraud as we all know and have covered in the space was a huge donor to the uh... Biden presidential run and the democratic party so he you know he was a top ten that election cycle he had believed he was like five or six of the top ten donors of the whole cycle up there with you know George Soros is of the world and all that and so kind of building on that point of like well
32:44
[SPEAKER_00]: OK, the Democrat, you know, there was a lot of politicians that, you know, he was on Capitol Hill, a fighting for crypto policy, obviously, meanwhile committing all this fraud in the back door.
32:55
[SPEAKER_00]: But he was on, he was in DC.
32:58
[SPEAKER_00]: And there's all those pictures with him.
33:00
[SPEAKER_00]: I think he was, as I said, Maxine Waters and all those given our hugs and all that.
33:03
[SPEAKER_00]: And, you know, forty six million donated all but two hundred forty thousand going to Democrats.
33:08
[SPEAKER_00]: So then you kind of got to think not even that
33:12
[SPEAKER_00]: they would hate crypto or hate Bitcoin, but they were so close to this guy, then he falls down with the fraud of FTX.
33:19
[SPEAKER_00]: It could totally make sense of them just being like, all right, we got to get rid of all this crypto now and just start fire sailing it and offloading the government wallets during the back end of that administration, right, suppressing the price, like you said.
33:33
[SPEAKER_00]: So I thought that was just kind of building a point a little Tvo to a bit of a fun little tin foil hat thought theory there, but
33:41
[SPEAKER_00]: You nailed it.
33:42
[SPEAKER_00]: It would make sense because I know we've been on the program a lot over, you know, the years being like, you know, man, there's all this bullish stuff in the prices and moving and the, you know, even when the ETFs kind of first came online, I know it eventually worked, but just kind of all that bullishness leading up to it.
33:57
[SPEAKER_00]: It seemed like there were times where the price should be moving higher and faster and it wasn't.
34:02
[SPEAKER_00]: So, you know, hopefully our cryptos are David Sachs kind of, which what he wants to do is shine light on it.
34:07
[SPEAKER_00]: But yeah, there was, again, just a tie a knot on this subject is there's a lot of tweets and fun and all that stuff.
34:14
[SPEAKER_00]: So we're gathering and bringing it to you because, you know, like we said, we could, in theory, we could come up with a case that it makes sense.
34:20
[SPEAKER_00]: But nothing has been proven fact yet.
34:23
[SPEAKER_00]: So we're going to keep a close eye on it.
34:25
[SPEAKER_00]: And then obviously we'll bring it to you.
34:27
[SPEAKER_00]: Bring it to you again when we have more clarity.
34:30
[SPEAKER_01]: Spot on, man.
34:31
[SPEAKER_01]: And, you know, one thing that we missed, I totally skipped over it because I was getting into it.
34:36
[SPEAKER_01]: I mean, in massive news, back for Ethereum was the the genius bill passed.
34:40
[SPEAKER_01]: There's a big bunch of clips circulating around of
34:43
[SPEAKER_01]: of Trump like holding up the bill after he had signed it.
34:46
[SPEAKER_01]: But this is a huge deal for the future of crypto.
34:49
[SPEAKER_01]: We talked about it and how it relates to Ethereum.
34:51
[SPEAKER_01]: But this is a massive new stage of adoption and fits into the narrative that we just talked about of the US becoming the crypto capital of the world, not just in Bitcoin, but also in Ethereum and the structure and stablecoins and so many other things.
35:06
[SPEAKER_00]: Yeah, absolutely.
35:07
[SPEAKER_00]: Sorry.
35:07
[SPEAKER_00]: I was in the chat comments there.
35:09
[SPEAKER_00]: Do you need me to pull up the poll of the video?
35:12
[SPEAKER_01]: Yeah, let's just roll it.
35:14
[SPEAKER_01]: We don't have to watch the whole thing, but I'm just so all the listeners can see that it was happening.
35:19
[SPEAKER_01]: But it's a big deal.
35:21
[SPEAKER_00]: Yeah, I think I think we might have had a joke here.
35:23
[SPEAKER_00]: You know, me, I'm all in for a presidential joke.
35:27
[SPEAKER_00]: Yeah, it's a standup comedian.
35:29
[SPEAKER_00]: Yeah, that was exciting last week.
35:30
[SPEAKER_00]: I think there was some, some earlier in the week.
35:32
[SPEAKER_00]: I know we kind of missed last week.
35:34
[SPEAKER_00]: We had a lot of stuff going on with with the team out in San Diego, but there was there was a couple votes on it.
35:40
[SPEAKER_00]: We missed the first vote.
35:42
[SPEAKER_00]: And then I think Trump rallied the, the votes needed.
35:46
[SPEAKER_00]: I think he was up and
35:48
[SPEAKER_00]: kind of making calls and doing deals just kind of like he did for that one big beautiful bill just kind of figuring out how to get it across the finish line.
35:55
[SPEAKER_00]: So again, this stable coin, a lot of bullishness just around the whole space of and I think we've talked about it before of whether it's you know what Robinhood's doing on Shane or of the RWA's of the world.
36:08
[SPEAKER_00]: It's like
36:09
[SPEAKER_00]: that you can just kind of see where this is going and it's just unlocking liquidity for the most part in my mind.
36:15
[SPEAKER_01]: Spot on, man.
36:16
[SPEAKER_01]: I mean, there's so much going on.
36:18
[SPEAKER_01]: I think one of the other things that we had talked about was the end to money supply and you were the one to brought up brought this up to me this morning.
36:27
[SPEAKER_00]: Yeah, I think you just got to be honest with yourselves is we've we've talked about it.
36:32
[SPEAKER_00]: I don't think I consider me or you like an M to purest by any means, but it's something that that we track on the show.
36:40
[SPEAKER_00]: And I also see the other side of it.
36:42
[SPEAKER_00]: So crypto Twitter's kind of split.
36:43
[SPEAKER_00]: I think there's people that trade by this metric and, you know, we have to talk to them if they quote unquote goal all in on it.
36:51
[SPEAKER_00]: But there's a lot of pushback on it.
36:52
[SPEAKER_00]: It's like, Oh, this doesn't matter.
36:54
[SPEAKER_00]: This means nothing.
36:56
[SPEAKER_00]: But we kind of covered on that last rip, I'd say, what about four, and that's what it is, it's about a thirty day lag, right?
37:02
[SPEAKER_00]: So about four weeks ago, if you go back on our rundown section and go back about four to six weeks, we had a thumbnail in an episode that was kind of not dedicated, but the thumbnail is dedicated to M to money supply.
37:15
[SPEAKER_00]: You know, lo and behold that thirty day lag and you know where we're not only breaking through a hundred hundred ten k we're making new all-time highs so m two money supply bulls are vindicated so far but the chart as you can see here says we have more room to go so a continuing story a few and it's like
37:35
[SPEAKER_01]: Yeah, if we have so much more to go, you know, then we start looking at one seventy, like one fifty one seventy, maybe two hundred.
37:43
[SPEAKER_01]: Man, I hope we continue to climb because again, I'm gonna be a little bit biased here.
37:47
[SPEAKER_01]: I had my end of your prediction and I think like one seventy one eighty-ish.
37:54
[SPEAKER_01]: Oh.
37:55
[SPEAKER_01]: I hope we continue to climb, because over here, inside the team, he, Bryce, Roheet, T-Vo.
38:03
[SPEAKER_01]: We kick off the year with a friendly get-together of just like, you in review, what we're expecting in the year to come.
38:09
[SPEAKER_01]: We all give our Bitcoin predictions, and I'm selfishly, I think ending around one-eighty.
38:15
[SPEAKER_01]: So, a little bit biased here, but I hope we make our way up there.
38:18
[SPEAKER_01]: And it's possible.
38:19
[SPEAKER_01]: We have another, what?
38:21
[SPEAKER_01]: You know, we have another,
38:22
[SPEAKER_01]: Five months here.
38:23
[SPEAKER_00]: Yeah, so yeah excited that'll be a fun a fun year end episode if we keep the momentum going As we we have kind of this first half of the year and yeah, I think I don't know I kind of like part of me once go back and get the exact numbers and part of me likes to wait until like the week of I think we have to wait Okay, yeah, yeah, I think yeah, I think I'm at one sixty nine so that would be exactly the same two chart if if it followed exactly to a T I would be right up there as well, but
38:53
[SPEAKER_00]: I think, uh, yeah, if a listener's want to go back, it's the year end episode.
38:57
[SPEAKER_00]: It would have been published around like January first that week of a break Christmas, uh, New Year's break.
39:03
[SPEAKER_00]: Um, and Bryce had a hell of a target.
39:05
[SPEAKER_00]: So that's a little too, that's a little sample.
39:07
[SPEAKER_00]: If you want to go back and check for yourselves, go back to that year end episode and then you, you want to hear Brendan and my prediction, but you also, you definitely want to hear Bryce, Bryce was the bull.
39:15
[SPEAKER_00]: So I hope he's.
39:16
[SPEAKER_00]: I hope he's right.
39:17
[SPEAKER_00]: I hope Bryce is right as well.
39:18
[SPEAKER_00]: I hope he's right.
39:20
[SPEAKER_00]: But this all transitions into our last topic of basically kind of teeing it up.
39:26
[SPEAKER_00]: It's like kind of that.
39:28
[SPEAKER_00]: I don't know.
39:28
[SPEAKER_00]: I don't want to say that I don't want to say that the E were euphoria, but like there's there's a parabolic move right now going on across the crypto market in all phases.
39:38
[SPEAKER_00]: And it's changing the language of how people talk about it.
39:41
[SPEAKER_00]: And this is something that we've brought up before of
39:45
[SPEAKER_00]: Kind of that, how does Bitcoin get talked about in the business news flow cycle?
39:49
[SPEAKER_00]: Obviously, when it's going crazy, either up or down, it hits what we call the A block.
39:54
[SPEAKER_00]: And so I've covered this before, but like the A block is the top news story of the day, then you have the B block, which is the secondary story, and then you have kind of your backfill CD, whatever you want to call the quick hitters for the last part of the shows.
40:07
[SPEAKER_00]: You know, when Bitcoin's flying high and going parabolic, it leads the A-block.
40:10
[SPEAKER_00]: When, you know, it's kind of interesting, which like, I feel like it's right now is more of like a B-block spot.
40:17
[SPEAKER_00]: And it's been talked about kind of all year at this point, because it's both in the news price wise and politically.
40:22
[SPEAKER_00]: But there's always been, you know, I flip around all the channels.
40:26
[SPEAKER_00]: And there's always been people, Tom Lee, perfect example.
40:29
[SPEAKER_00]: You know, Tom Lee's been bangin' the table for one percent exposure since five thousand dollar Bitcoin.
40:34
[SPEAKER_00]: People call him crazy.
40:35
[SPEAKER_00]: And then slowly you start to see people talk about Bitcoin in a positive way or saying, yeah, I have exposure to Bitcoin.
40:42
[SPEAKER_00]: And now it's getting to the point where people are excited to talk about Bitcoin, they're even giving price targets.
40:49
[SPEAKER_00]: And so I pulled a clip here from, I'll share this tab.
40:53
[SPEAKER_00]: CNBC, this Steve, Steve Grosso, somebody that I enjoy kind of his takes.
40:58
[SPEAKER_00]: He's, I think he's on the show fast money in the afternoon.
41:04
[SPEAKER_00]: Somebody that's talked positively about Bitcoin in the past, but I've never heard his price target.
41:09
[SPEAKER_00]: head.
41:09
[SPEAKER_00]: You can see here from from the, uh, the expo so just quite a hard, high targets.
41:13
[SPEAKER_00]: Let's listen to Steve and the reason I'm sharing this and doing this because like he's a new voice.
41:18
[SPEAKER_00]: He's not somebody that you've seen all over your crypto x timeline.
41:22
[SPEAKER_00]: Be like, oh, they're Steve again, just talking about his wild Bitcoin prediction.
41:26
[SPEAKER_00]: This is newer.
41:27
[SPEAKER_00]: There's more people like this coming.
41:29
[SPEAKER_00]: I don't want to call him out of the woodwork per se, but there are starting to make noise about it.
41:33
[SPEAKER_00]: And that that's kind of
41:35
[SPEAKER_00]: Momentum that's that snowball that's just rolling getting bigger and bigger and bigger.
41:39
[SPEAKER_00]: So let's see what Steve has to say.
41:40
[SPEAKER_00]: And then we'll just flip on one of our favorites to do time to time is this market cap by assets list as Steve said they're kind of comparing it to gold.
41:49
[SPEAKER_00]: That's one thing again kind of the price targets and talking about it or one thing.
41:53
[SPEAKER_00]: But I think that was something that that comparison to gold right.
41:57
[SPEAKER_00]: I'm starting to hear that more and more.
42:00
[SPEAKER_00]: You know, because the Bitcoin's digital gold was always kind of it's like, oh, it's digital gold.
42:04
[SPEAKER_00]: It's digital gold.
42:05
[SPEAKER_00]: But now that's kind of taken that evolution of the next point of the conversation is like comparing the market caps and being like, okay, is Bitcoin a stock?
42:13
[SPEAKER_00]: Well, no, it doesn't have a CEO, right?
42:15
[SPEAKER_00]: It doesn't have a balance sheet.
42:17
[SPEAKER_00]: It doesn't have profits or losses.
42:19
[SPEAKER_00]: And it obviously got ruled as a commodity by the SEC.
42:22
[SPEAKER_00]: So it's not a stock.
42:23
[SPEAKER_00]: It's not a business.
42:24
[SPEAKER_00]: And so you can kind of see here in the top businesses of the world where it compares market capitalizing.
42:29
[SPEAKER_00]: Like, well, if it's not a business, then is it truly digital gold?
42:33
[SPEAKER_00]: Is it going to be compared to digital gold?
42:34
[SPEAKER_00]: And you can kind of see that market cap.
42:37
[SPEAKER_00]: differential and is their catch up to be made.
42:40
[SPEAKER_00]: And that's kind of a take that that seems to be getting more and more steam.
42:44
[SPEAKER_01]: Yeah, it is, especially if it's going to be classified as a commodity instead of a security, I think that well, that's like the natural way that it should gravitate, right?
42:54
[SPEAKER_01]: Is that it should gravitate?
42:55
[SPEAKER_01]: It should probably close that bank.
42:58
[SPEAKER_01]: It should probably close that gap and then be adopted more like he said from institutions, banks, governments, you name it even more in retail traders, portfolios.
43:09
[SPEAKER_01]: And I think that it'll continue to acquire more market share.
43:12
[SPEAKER_01]: And maybe it does deal a little bit of gold's market share.
43:15
[SPEAKER_01]: I think that's fine if it closes the gap.
43:17
[SPEAKER_01]: Like he said, he's not saying it'll co and accumulate to a hundred percent of what gold's market cap rate.
43:23
[SPEAKER_01]: Now is, but even if it goes, fifty percent of the way there, it's still a substantial, uh, substantial case for the upside-on pit coins.
43:33
[SPEAKER_01]: Yeah, I mean, listen to you, no matter what way you look at this, it's bullish, right?
43:39
[SPEAKER_01]: We were coming in here today saying, hey, we're going to split these up.
43:42
[SPEAKER_01]: We're going to do two a week now so that they're not an hour long.
43:44
[SPEAKER_00]: Unreal.
43:45
[SPEAKER_01]: Whoops.
43:46
[SPEAKER_01]: There's too much to talk about.
43:48
[SPEAKER_01]: And obviously, we love doing it.
43:49
[SPEAKER_01]: So we hope that you all enjoyed as well.
43:52
[SPEAKER_01]: Did I miss anything, Tito?
43:53
[SPEAKER_01]: Is there any other?
43:54
[SPEAKER_01]: No, he's just talking.
43:56
[SPEAKER_00]: I mean, just shout out, shout out to the chat.
43:59
[SPEAKER_00]: I mean, we got Rob's a new face here, but, you know, Ryan, DNT NFT Tyler fixed Patrick Kevin Stanley in the chat as well.
44:07
[SPEAKER_00]: Just an active Monday for the team, active Monday for the team.
44:11
[SPEAKER_00]: And we're going to be back multiple times this week.
44:13
[SPEAKER_00]: We are going to try and get our schedule.
44:15
[SPEAKER_00]: I put out a kind of a poll on our YouTube kind of posting page to see if you guys had any opinions.
44:20
[SPEAKER_00]: But we have a schedule, Brad and I are going to talk.
44:22
[SPEAKER_00]: We're thinking about doing consistently Monday and Thursday at ten a.m.
44:27
[SPEAKER_00]: Eastern.
44:28
[SPEAKER_00]: I know it's a little early for the West Coast.
44:30
[SPEAKER_00]: And then we're going to try and do some special ones.
44:32
[SPEAKER_00]: I talked with the team this week, Bryce, and you know, trying to get maybe, you know, I don't want to put a number on it, but try to get that.
44:39
[SPEAKER_00]: We did like an all-time high celebration.
44:43
[SPEAKER_00]: Not too long ago the last time Bitcoin at all time high and got you know, wrote heat on and Bryce in the whole team.
44:49
[SPEAKER_00]: We should try and do that more.
44:50
[SPEAKER_00]: So just this channel is going to be a lot more active.
44:52
[SPEAKER_00]: So if you're listening on audio, please join us on YouTube as well.
44:55
[SPEAKER_00]: And if you're live right now watching us, please like, subscribe, turn on that notification bell because we're going to be having a lot of fun stuff going on in this channel for the last, you know, five, six months of the year here.
45:06
[SPEAKER_01]: Now, you said it well, man.
45:07
[SPEAKER_01]: We appreciate everyone for coming in here.
45:08
[SPEAKER_01]: I like to give us that.
45:09
[SPEAKER_01]: We're going to have a lot more content coming out in the future.
45:12
[SPEAKER_01]: We're going to have new videos, new tutorials, new podcasts, new rundowns, more market updates.
45:18
[SPEAKER_01]: You name it here.
45:19
[SPEAKER_01]: Things are shifting in the high gear.
45:21
[SPEAKER_01]: We're going in the overtime.
45:22
[SPEAKER_01]: And it's also that we can provide not only more quality, but more quantity, but also better quality.
45:27
[SPEAKER_01]: for all of you so that you can get this in a very time sensitive manner as the updates are becoming increasingly more time sensitive as the market heats up.
45:36
[SPEAKER_01]: So thank you all for tuning in and we'll see all of you at the same time, same place next week.