Latest / CRYPTO 101 / Breaking News: Clarity Act Pushback from Coinbase, Bitcoin Bullish Reversal, & Mr Beast x Ethereum!

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Breaking News: Clarity Act Pushback from Coinbase, Bitcoin Bullish Reversal, & Mr Beast x Ethereum! · CRYPTO 101

0:08
[SPEAKER_01]: all right everyone welcome back to the crypto 101 run down presented by Gemini your bridge to the future of money and we hope everyone's having a good start to their year we are getting back in the swing of things doing these things on a routine basis once again uh i'm doing here by tvo of course we're gonna be running through all this and tvo there's a lot to talk about today we have the clarity act we have a lot of
0:33
[SPEAKER_01]: I think you could save, you know, it's pretty safe to say it's turmoil.
0:36
[SPEAKER_01]: You know, we have some people who agree, some people who disagree.
0:38
[SPEAKER_01]: Everyone wants it to pass, but they have different views about how it should be written.
0:43
[SPEAKER_01]: And so we're going to be talking about it.
0:45
[SPEAKER_01]: We're going to be breaking it down.
0:46
[SPEAKER_01]: We're going to be explaining everything that you need to know.
0:49
[SPEAKER_01]: The good, the bad, the ugly, everything in between.
0:51
[SPEAKER_01]: And of course, talk about the markets.
0:53
[SPEAKER_01]: I mean, Bitcoin's breaking out, altcoins are breaking out.
0:56
[SPEAKER_01]: We're seeing them get through critical resistance levels.
1:02
[SPEAKER_01]: And there's all sorts of metrics.
1:04
[SPEAKER_01]: I mean, we're also on the volume chart.
1:06
[SPEAKER_01]: I mean, we'll talk about this.
1:07
[SPEAKER_01]: We're seeing some of the highest green day volume that we've seen in nearly a year, about eight to nine months.
1:15
[SPEAKER_01]: So there's that to talk about as well.
1:17
[SPEAKER_01]: The market is moving and Teo.
1:20
[SPEAKER_01]: How are we doing then?
1:21
[SPEAKER_01]: We're doing it right now.
1:22
[SPEAKER_00]: Lock going on.
1:23
[SPEAKER_00]: There's just a palpable taste of things going on in the crypto market.
1:28
[SPEAKER_00]: And that's exactly why we do this show.
1:30
[SPEAKER_00]: I was talking to you before we went live.
1:32
[SPEAKER_00]: This is the perfect day for a rundown.
1:35
[SPEAKER_00]: So much to go over.
1:36
[SPEAKER_00]: There is momentum in the crypto market.
1:38
[SPEAKER_00]: Specifically Bitcoin.
1:40
[SPEAKER_00]: And you've had some really good.
1:42
[SPEAKER_00]: Green action over the last couple days since we last spoke basically.
1:45
[SPEAKER_00]: I know last week we had Brian on he said on the air He was feeling really bullish.
1:49
[SPEAKER_00]: You were kind of showing us the charts saying the same thing like hey There's different ways this can go, but I like I like what I'm seeing I know you've said that not only on the show, but inside the private community more in depth in your trading course and everything So it's good to see that price action come to come to fruition.
2:06
[SPEAKER_00]: So
2:07
[SPEAKER_00]: lots break down the prices which we'll do and then the clarity act had some huge breaking news updates with Coinbase and Brian Armstrong leading the way and coming out against it which is going to kind of push and pause the voting that they call it the markup of the bill.
2:23
[SPEAKER_00]: So a lot to break down here.
2:24
[SPEAKER_00]: I think I think we just kick it off with the what the people love and why you're here, Brendan the charts.
2:28
[SPEAKER_00]: I know you have a micro bull run course opening coming up in the next two weeks.
2:34
[SPEAKER_00]: I believe.
2:36
[SPEAKER_00]: So if anybody's interested in doing, I like Brendan just flopped up there the the charts.
2:41
[SPEAKER_00]: If you're interested in learning more with Brendan in the technical analysis space, he does have his six week program.
2:46
[SPEAKER_00]: So what I did is I've a link below in the show notes.
2:49
[SPEAKER_00]: and on YouTube.
2:50
[SPEAKER_00]: And it's not to sign up or anything.
2:52
[SPEAKER_00]: It's just to get alerted.
2:53
[SPEAKER_00]: You'll get Brendan's first alerts.
2:55
[SPEAKER_00]: And then when the course does open up, you'll get information on that as well.
2:59
[SPEAKER_00]: So check out the description again at no cost, just drop your email in to get the free updates from Brendan.
3:05
[SPEAKER_00]: And if you're interested in the information about the course, that's how you'll get it.
3:08
[SPEAKER_00]: But let's let's take a look at what the course is all about with some technical analysis on the green action we've seen this week, Brendan.
3:15
[SPEAKER_01]: Yeah, I mean, let's analyze the charts, man, I'm that coin's doing just beautiful things here.
3:20
[SPEAKER_00]: There's a couple of things that we look at that break through that line.
3:25
[SPEAKER_00]: You're talking about it.
3:26
[SPEAKER_00]: You just need a clean break.
3:27
[SPEAKER_00]: We're looking for it.
3:29
[SPEAKER_01]: We're we're we're getting it.
3:31
[SPEAKER_01]: We're literally getting it in real time, and it's fantastic.
3:34
[SPEAKER_01]: I mean, this is one of the things that we were looking at saying, hey, you were seeing breaking of the bearish structure of the short-term bearish structure.
3:43
[SPEAKER_01]: You know, just to give everyone a little bit of a recap, you have this 50 day moving average in the 20 day moving average.
3:49
[SPEAKER_01]: 50 is red.
3:49
[SPEAKER_01]: 20 is blue.
3:51
[SPEAKER_01]: 200 is yellow.
3:54
[SPEAKER_01]: And
3:54
[SPEAKER_01]: Yeah, the October 10th liquidation up here, we broke below the 50 and we rejected it and rejected it and rejected it and we kept trading below it until fairly recently and we saw price action get back above the 20 back above the 50 break back up to our primary resistance that we were in and then we came back and we tested them as support instead of as resistance and it's a huge turning point.
4:18
[SPEAKER_01]: That is what you call like a full break of structure.
4:20
[SPEAKER_01]: In fact, I like to call this the break hook and go, where you see a break of resistance, the hook retesting that resistance as now support, and then the go is the continuation to the upside afterwards.
4:32
[SPEAKER_01]: So you had the breaking of these moving averages, then turning into resistance and flipping.
4:36
[SPEAKER_01]: You also had what we call a short term golden cross, which is where you have the 20-day moving average,
4:43
[SPEAKER_01]: cross upwards over the 50-day moving average and so you have these shorter-term moving averages crossing back to the upside over one another and now instead of pointing down words they're pointing back to the upside ever so slightly and they're having the crossover.
4:56
[SPEAKER_01]: And then the third thing that really stood out here
4:58
[SPEAKER_01]: is that you saw a very clear rising level of support down in here with a very clear flat level of resistance up in here.
5:05
[SPEAKER_01]: You know, we hit the $94,000 level and then we came down to 80, then back up to 94, then back down to 84, then back up to 94 twice, then back up to 85, and you know, we essentially just continue to see price climb to higher lows as it squeezed into
5:25
[SPEAKER_01]: and technical analysis, you know, when we're looking at the charts, you call that an ascending triangle because pressure is squeezing to the upside from the buyers and, you know, while there's no guarantees, the majority of the time it breaks out to the upside.
5:39
[SPEAKER_01]: Can you see pressure build and build and build until there is this breakout moment to the upside?
5:44
[SPEAKER_01]: And so far, all these things have proven pretty right and pretty well.
5:49
[SPEAKER_01]: And we're seeing the upside breakout happen in real time.
5:51
[SPEAKER_01]: And so I'm really pleased with the chart.
5:54
[SPEAKER_01]: And I'll tell you what, this looks about as close as we can get to having confirmation of like a full blown reversal.
6:01
[SPEAKER_01]: I think when I'm looking for a reversal on Bitcoin here, I want to see the break of the downtrend.
6:06
[SPEAKER_01]: I want to see the break of the short term and bearish structure.
6:10
[SPEAKER_01]: I want to see the break into higher highs.
6:13
[SPEAKER_01]: I want to see us continue to see higher lows.
6:19
[SPEAKER_01]: And I want to see us come back from oversold territories.
6:23
[SPEAKER_01]: And we've seen all of that.
6:25
[SPEAKER_01]: You've seen Bitcoin now breaking out the higher highs.
6:28
[SPEAKER_01]: You've seen consistent higher lows.
6:30
[SPEAKER_01]: You have the break of the short term moving averages.
6:32
[SPEAKER_01]: You have them crossing back to the upside.
6:35
[SPEAKER_01]: And then on the indicators, you know, like the RSI, this thing's coming from deep oversold, the most oversold that it has been since August of 2023 on the daily chart.
6:46
[SPEAKER_01]: And that was a historic moment.
6:49
[SPEAKER_01]: If you look at it on the weekly, it was the most oversold that it's been since August of 2022.
6:53
[SPEAKER_01]: If you look at the MACD, it was the most oversold.
6:55
[SPEAKER_01]: It has ever been on Coinbase's exchange.
6:59
[SPEAKER_01]: And the fear and greed index was a ten, which is like historically a bottoming area that we've seen during the major pullbacks.
7:07
[SPEAKER_01]: And so all the data would would really lean us towards this idea, the Bitcoin is put in a reversal moment.
7:15
[SPEAKER_01]: And so, you know, we can never kind of come on here and say, it's guaranteed or it's absolute, because anything can happen, right?
7:21
[SPEAKER_01]: Literally anything can happen and it can make prices go back down and there's always going to be the off chance.
7:28
[SPEAKER_01]: But when I'm looking at the data now, I would say that the data is very clearly trying to point the overwhelming amount of evidence.
7:35
[SPEAKER_01]: So we'll put it that way is saying that there's a reversal being put in on Bitcoin and it's trying
7:42
[SPEAKER_01]: low that it's been in since around July and for all coins it's been a lot worse because with Bitcoin it kind of just went sideways from July to October for all coins they pretty much went down depending on the coin that you look at they pretty much started going down in July in that area and they just never stopped so then it had this like brief sideways consolidation
8:07
[SPEAKER_01]: But it looks like we're really reversing here.
8:09
[SPEAKER_01]: It does, and I think the market looks fairly good.
8:12
[SPEAKER_01]: You're seeing some altcoins that are still red on the day, which again is normal.
8:16
[SPEAKER_01]: Altcoins continue to lag behind a little bit, so I'm going to continue to watch that.
8:20
[SPEAKER_01]: Because they are still seeing some level of underperformance.
8:25
[SPEAKER_01]: There are days where they overperform and we've had a couple of those recently.
8:29
[SPEAKER_01]: My fear here is on the red days on the pullbacks, you know, how are they going to hold up?
8:32
[SPEAKER_01]: And on a daily today where bitcoins down about a half a percent, and you see the average all coin down multiples of that.
8:39
[SPEAKER_01]: It's again, not really what you want to see if you want all coins to actually outperform.
8:42
[SPEAKER_01]: You have XRP down two and a half percent, salon down two and a half percent, suede down three and a half, aero-droom down almost six percent.
8:51
[SPEAKER_01]: And then you get into the average altcoins, which are down around three to five percent across the board, while Bitcoins only down about a half percent.
8:59
[SPEAKER_01]: So, so we're gonna need to keep a close eye on altcoins, getting a little bit of negative volatility day today.
9:05
[SPEAKER_01]: But there's been some big winners here.
9:06
[SPEAKER_01]: I mean, you have Manero running just completely parabolic.
9:10
[SPEAKER_01]: You have dash running completely parabolic with it.
9:13
[SPEAKER_01]: I'm doing hundreds of percent.
9:15
[SPEAKER_01]: Another one that we've talked about on here pump pump that fun.
9:18
[SPEAKER_01]: Something I have exposure to rallying really hard off the lows up about 70% in the last three or so weeks.
9:25
[SPEAKER_01]: And so I've been keeping a close eye on that and you know just again coins across the board here trying to put in some reversals you see it kind of trying to break out of the top of this this pen it.
9:36
[SPEAKER_01]: You have Solana trying to break this range that it has been in as well.
9:40
[SPEAKER_01]: You have B and B trying to break to the upper range of what it has been in over in here.
9:45
[SPEAKER_01]: And XRP, which is one that we always get asked about, so I got to cover it.
9:48
[SPEAKER_01]: This thing has been in a big old downtrend for literally since July, like I was saying.
9:54
[SPEAKER_01]: And you see this very clear resistance line.
9:56
[SPEAKER_01]: And so I want to see this break for XRP.
9:58
[SPEAKER_01]: And then I think that there can be some nice upside.
10:01
[SPEAKER_01]: But it has to break that.
10:05
[SPEAKER_01]: like the factor that needs to happen and until it happens, you know, the odds are it's going to continue to underperform, because it has been underperforming in comparison to a lot of the other large caps.
10:17
[SPEAKER_01]: And so long as that trend line is there, it looks like it's going to continue to kind of be an underperformer.
10:22
[SPEAKER_01]: But I think once that bridge can get a really big breakout in this thing, and so it's worth keeping an eye on for sure.
10:28
[SPEAKER_01]: And then of course, you have pressure coming in from everywhere.
10:31
[SPEAKER_01]: You know, like the metals market,
10:34
[SPEAKER_01]: Just going crazy and so there's the thought that maybe the metal's market is stealing some of the Momentum away from crypto and there's been that talk on if that is the case then I do think again with crypto picking back up There could be a huge ketchup game that could very likely happen That's what we're seeing if you can't tell I'm pretty optimistic we're gonna get pullbacks
10:59
[SPEAKER_01]: And we're going to have times where there's red days.
11:01
[SPEAKER_01]: But the overall picture of the charts personally, I would say the overwhelming amount of evidence looks pretty good.
11:08
[SPEAKER_01]: Looks like a pretty good area of value, especially as we pull back.
11:12
[SPEAKER_00]: Yeah, and then we'll do, if you can zoom out, do a little off the cuff for me here.
11:19
[SPEAKER_00]: Can you go back to it?
11:20
[SPEAKER_00]: Bitcoin first broke 100k.
11:25
[SPEAKER_01]: Right in here, over here on this move.
11:29
[SPEAKER_00]: Yeah, so this is just me pulling this is classic table pulling something out of the hat here.
11:33
[SPEAKER_00]: I just feel like the the sentiment got so negative recently.
11:38
[SPEAKER_00]: as we've covered right and you can kind of see it's actually happened again right we broke a hundred we came back down we rallied up and then went through it's like is the is the sentiment around a hundred k even though we've broken it once before could that kind of euphoria come back once we break a hundred k where everybody it's kind of like that classic meme it's like the Bitcoin price was 120 k and it was like oh I'm not buying that
12:06
[SPEAKER_00]: And then it got, you know, and then, or no, sorry, it's the Bitcoin price is 82K.
12:10
[SPEAKER_00]: It's like, I'm not buying that crap and then it's like, oh, 120K.
12:13
[SPEAKER_00]: It's like, oh, I should have bought more when it was at 80 type of thing.
12:16
[SPEAKER_00]: It's like, I feel like we've reset expectations a little bit.
12:19
[SPEAKER_00]: It definitely for retail at least for that 100K.
12:22
[SPEAKER_00]: It's such a, you know, mental price target there.
12:25
[SPEAKER_00]: That when it breaks through and if it holds above 100, you know, 102 105, once it gets to 107, everybody starts panicking and piles in.
12:36
[SPEAKER_01]: Yeah, it does, and I think to your point, I see two resistance levels.
12:42
[SPEAKER_01]: I see a hundred K first.
12:44
[SPEAKER_01]: It's a psychological resistance level.
12:45
[SPEAKER_01]: You see it used to support a little bit in here.
12:47
[SPEAKER_01]: I think it makes sense around 99 to 100.
12:49
[SPEAKER_01]: After that, I do think we're kind of back off to the races.
12:53
[SPEAKER_01]: The only thing that I fear is you have this 200-day moving average, which is the biggest and arguably the strongest, but we'll see.
13:01
[SPEAKER_01]: It doesn't always have to be.
13:02
[SPEAKER_01]: And then you have the bottom of this consolidation range at all time highs.
13:06
[SPEAKER_01]: You know, this used to be the all time high resistance level.
13:09
[SPEAKER_01]: We broke it, used it as support for a long time before the break down happened.
13:14
[SPEAKER_01]: And so my only fear is coming back up towards this like 106 to 110 range.
13:19
[SPEAKER_01]: We know it was a pretty significant area when we were beneath it and when we were above it.
13:24
[SPEAKER_01]: And so as we come up into there, I think that could be a
13:28
[SPEAKER_01]: some rough waters, but other than that, you know, there's literally just, you know, a much smaller resistance around a hundred k, big resistance may be 106 to 110, and then you have all time high resistance, and that's really it.
13:41
[SPEAKER_01]: You know, there's a kind of maybe some other minor levels in there, but for the most part, you know, that's what we have.
13:47
[SPEAKER_01]: And I think that your right is that once a hundred casters breaking again, I think you start getting phomo and euphoria back.
13:54
[SPEAKER_01]: It's going to be headlines.
13:56
[SPEAKER_01]: It's going to be headlines.
13:57
[SPEAKER_01]: It's going to be people talking about it.
13:58
[SPEAKER_01]: There's going to be, you know, your favorite friend or uncle say, and I told you so.
14:03
[SPEAKER_01]: And you're going to see people on CNBC again and all over the news.
14:07
[SPEAKER_01]: And that's just the way that it goes.
14:09
[SPEAKER_01]: But I think you're you're pretty spot on.
14:12
[SPEAKER_00]: Yeah, and I think a piece of evidence that would actually add to that is how and I'll pull it my screen real quick and it's how the price action here is happening inside of crypto and it's uncorrelated and we've been uncorrelated for a while which we've covered obviously crypto leading it into the end of the year was going down, you know, kind of in an almost bear market like structure of falling pretty fast when they're right.
14:38
[SPEAKER_00]: the rest of the market was pretty stable and even continued to make all-time highs in crypto and Bitcoin didn't recover.
14:45
[SPEAKER_00]: Now we're continuing the divergence, but I think it's really healthy, you know, the S&P and Amazon and, you know, all those mags, sevens, they don't move like crypto does at the, you know, the velocity and,
14:56
[SPEAKER_00]: That it does, but when you see that stocks are having a bad day and a couple down days this week, which is the first down days of the year, really, and crypto continues to its positive momentum, I think that's really healthy, and that catch-up trade could kind of lead to that momentum trade of like, here's the swing trade, it's like, okay, is gold and silver going to go up forever, maybe.
15:19
[SPEAKER_00]: But I mean, that chart specifically silvers starting to look like a freaking hockey stick, and you know, when we do the TA, whether it's any project a stock or a meme coin, it's like when you start to get that hockey stick, you got to you got to be a little careful there and understand your trade right, so I think if the mag seven and the stock market, the macro started selling off and crypto continued to go down, that would be like a little warming for me, but I really like to continue divergence with the crypto strength here.
15:47
[SPEAKER_00]: And then I'll hand it off to you as I pull up the ETF data because it kind of just continues to back up the price action of strong ETF data, you know, on the back end of the 30 day chart here.
16:00
[SPEAKER_01]: Yeah, I mean, what we're seeing is there's always for people who do go through the chart program with me and we get to talk about it.
16:10
[SPEAKER_01]: One of the things that I always say in there is that you need to see two things on a breakout or a breakdown.
16:15
[SPEAKER_01]: You need to see volume and volatility.
16:18
[SPEAKER_01]: And another great way to kind of back up these ideas is look at the ETF and flows and these things were read for a bit and what we've started to see here is that over the last couple of days the amounts of inflows money coming in at the end of the day net money coming in is increasing day over day for the past three days and it's it's seeing a lot the net inflows I believe for yesterday
16:48
[SPEAKER_01]: That is a ton of money.
16:49
[SPEAKER_01]: In fact, can you hover over that that candlestick on the very right side of the chart on the most crazy one and see if it allows you.
16:57
[SPEAKER_01]: Yeah.
16:58
[SPEAKER_01]: So 800 and 40 million dollars in total net in total net flows.
17:05
[SPEAKER_01]: That's crazy.
17:06
[SPEAKER_01]: It's a lot.
17:06
[SPEAKER_01]: And so from the ETF standpoint, you're seeing that.
17:10
[SPEAKER_01]: We're we're seeing a lot of money come back in and people are getting excited again.
17:16
[SPEAKER_01]: So I like that there was one other thing I meant to show to you though and I forgot to show this on the charts.
17:24
[SPEAKER_01]: It kind of fits into these points, and maybe I can throw up a screen share real fast and then hand it back to you.
17:29
[SPEAKER_00]: Yeah, no, just last point, this is the last point on the ETF flow.
17:32
[SPEAKER_00]: It's kind of building off this hundred k is another mental barrier, but when it breaks, you can see what happens here.
17:38
[SPEAKER_00]: So I pulled the ETF flow out into the year chart, and you can see here, you know, if we correlate that to what we showed on the charts, we first broke a hundred k, right?
17:47
[SPEAKER_00]: Just absolute bananas from the ETFs.
17:50
[SPEAKER_00]: And then, you know, kind of had some big days, had some outflows, you know, we covered how it actually stayed pretty stable, which was amazing for these ETF holders to learn to, learn to hotdle with the volatility, but I don't know.
18:02
[SPEAKER_00]: I, I really do like the setup here on, on Bitcoin.
18:05
[SPEAKER_00]: And we've been talking about that since it's been down in the 80s.
18:09
[SPEAKER_01]: Yeah.
18:10
[SPEAKER_01]: We have this.
18:11
[UNKNOWN]: Yeah.
18:12
[SPEAKER_01]: There's good reason to want to watch it here.
18:14
[SPEAKER_01]: And I think that's the point that we're trying to make.
18:16
[SPEAKER_01]: From the charting perspective, the two things that I wanted to show is that number one, like obviously we're eating the volatility on the breakout and we already looked at that when we're looking at volume.
18:26
[SPEAKER_01]: We're seeing the highest levels of green day volume that we've seen on Bitcoin in a really long time.
18:33
[SPEAKER_01]: Almost a year and I said this at the beginning.
18:35
[SPEAKER_01]: And so let me just share my screen one more time here and I'll let everyone just see this because I think it's important for everyone to understand it.
18:42
[SPEAKER_01]: Let me add the volume back to my chart, but if you're looking at this, this is the highest level, so you have our green day volume right here
18:50
[SPEAKER_01]: coming up.
18:52
[SPEAKER_01]: And when you're looking at this throughout history, this is the highest level that we've seen since April of this year.
18:58
[SPEAKER_01]: It is the highest level of net green day volume or the highest amount of volume that we've seen on a green day since April.
19:09
[SPEAKER_01]: And you know what this date was?
19:10
[SPEAKER_01]: This was the two days that it was competing with is April 9th and April 7th.
19:16
[SPEAKER_01]: Or yeah, April 9th and April
19:18
[SPEAKER_01]: You know what those two days were, Tvo?
19:21
[SPEAKER_01]: That was the bottom of the market.
19:23
[SPEAKER_01]: We are now seeing the highest level of green day volumes that we've seen in the market, since the reversal right here, and then even competing with these candles and greater than these big green candles that we've seen right here.
19:37
[SPEAKER_01]: And so what does that tell me?
19:38
[SPEAKER_01]: Well, that tells me that again, I think it feeds into the idea of a reversal.
19:43
[SPEAKER_01]: We have not seen green day volume
19:52
[SPEAKER_01]: And so I think that goes a pretty big distance to say, hey, this is more evidence that this is a reversal in what we're seeing right now in terms of price action.
20:03
[SPEAKER_01]: So I was looking at that yesterday and doing a little bit of an analysis and it stuck out to me and I was like, man, this is looking really convincing.
20:10
[SPEAKER_01]: I think more people should know about it.
20:13
[SPEAKER_00]: No, I agree.
20:14
[SPEAKER_00]: I think where there's a lot of key data points that I think we've been covering for a long time on these episodes that again, it's you got to put in the research at all times when to for you and the price actions down.
20:25
[SPEAKER_00]: It's kind of what we try to preach of, you know, whether it's the podcast or if you want more access to the team and through the community, this is, you know, you make your best research and your best investments when you cover it full, you know, full steam ahead throughout the volatility, whereas
20:41
[SPEAKER_00]: You know, we see, you know, when the price action goes up and we're talking about if we do break through that 100k and keep going like more people are going to be in the community more people are going to be watching in the YouTube's in the podcast, but it's the core viewers and listeners that we all appreciate so much that, you know, come with us every week.
20:56
[SPEAKER_00]: that can kind of, you know, you got to do your own research, we're not personal financial advisors, we say all the time, but it's, you know, you got to plan your trades and trade your plan and part of that's, you know, getting the research done when things aren't going your way, when they aren't going your way or when they're sideways and a little boring.
21:11
[SPEAKER_00]: We've had a couple times, I remember, I was like, I think, you know, year and a half ago with a sum of that one sum, or we were like, what do we talk about?
21:18
[SPEAKER_00]: Like the price actually was sideways, there was no news.
21:21
[SPEAKER_00]: It was hard popping out episodes, but
21:23
[SPEAKER_00]: Just into the fall.
21:25
[SPEAKER_00]: I think we got the fall back on a lot of research that we did over that time that led us into that great run.
21:30
[SPEAKER_00]: We had on at the end of 24 to 25.
21:34
[SPEAKER_00]: But let's transition into the topic of the day, Brendan, is the Clarity Act.
21:40
[SPEAKER_00]: Something that we talked about basically we set the table up.
21:43
[SPEAKER_00]: So if you if you if you're new to this episode and you're not sure truly with the Clarity Act is go back and listen to that episode, Brendan, I did.
21:49
[SPEAKER_00]: a couple days ago and that can get you teed up because what we're going to talk about now is how the the clarity act is actually getting pushback and the biggest pushback has come from Brian Armstrong at a coinbase.
22:01
[SPEAKER_00]: So the clarity act was going up going into what's called a markup phase.
22:05
[SPEAKER_00]: I did take one class of political science at the University of Delaware.
22:09
[SPEAKER_00]: So you basically can call me an expert if you want, which I am clearly not those just to joke, but it's the
22:15
[SPEAKER_00]: you know the markup phase like hey there's little things we want to change but we're gonna try and push this forward to a vote.
22:21
[SPEAKER_00]: It was basically what was supposed to happen this week and Brian Armstrong came out yesterday and basically slammed the brakes on the Clarity Act and said Queenbase is going to have to withdraw its support for the Clarity Act.
22:33
[SPEAKER_00]: It's it's sent crypto Twitter buzz.
22:36
[SPEAKER_00]: I do think it was a big surprise.
22:38
[SPEAKER_00]: because we kind of covered this a couple days ago.
22:41
[SPEAKER_00]: I guess let's say let's let's point out why Brian Armstrong didn't want to do it.
22:45
[SPEAKER_00]: So let's pull up the tweet that you did with Ryan and Brian underneath talking about reviewing it.
22:50
[SPEAKER_00]: And then we can kind of reverse engineer of what we talked about on Tuesday when the odds of polymarket were skyrocketing.
22:58
[SPEAKER_00]: I'm sorry, that's skyrocketing.
22:59
[SPEAKER_00]: We're falling off a cliff and now it all adds up, right?
23:03
[SPEAKER_00]: Because
23:04
[SPEAKER_00]: we saw this push back in the afternoon or the next day after we recorded in the morning.
23:09
[SPEAKER_00]: So I thought it was really interesting to kind of tee up what we saw on X yesterday and then bring it back to Polymarket with the odds.
23:16
[SPEAKER_00]: So what were some of the points that you caught Brendan of why Brian Armstrong coined based don't want to support it and now kind of crypto Twitter seems to be rallying behind him a little bit.
23:27
[SPEAKER_01]: Yeah, so Brian came out and he had a couple of like key points, right?
23:31
[SPEAKER_01]: There's all these little things and stuff.
23:33
[SPEAKER_01]: The key points were he did not like the way that the Clarity Act viewed tokenization.
23:40
[SPEAKER_01]: Everyone seems to be pretty big on it.
23:42
[SPEAKER_01]: And he's like this just is bad for tokenization.
23:45
[SPEAKER_01]: And he was arguing this is just a defacto ban on tokenized equities.
23:49
[SPEAKER_01]: which he doesn't want to see and I would argue a lot of the banks also don't want to see that because if you look at what Larry Fink and JP Morgan and city group in Bank of American, all of them have talked about or written about, they are very clearly excited about these this area of tokenization as well.
24:06
[SPEAKER_01]: So I think they would even side with him on this.
24:09
[SPEAKER_01]: The other the big reason that I saw before we even get into the others was it's
24:15
[SPEAKER_01]: the way that it was looking to handle stable coin rewards and rewards on stable coins and anything similar to that nature.
24:25
[SPEAKER_01]: He even said that he think that it would kill those rewards.
24:30
[SPEAKER_01]: I mean, it would just really kind of destroy that side of the industry and that seems to be what people are the most hung up on.
24:37
[SPEAKER_01]: And then there's other things he argued that
24:40
[SPEAKER_01]: that it would have an erosion effect of the CFTC's authority and then the other one is that there would be
24:49
[SPEAKER_01]: issues with DeFi.
24:50
[SPEAKER_01]: He said that there would be DeFi, a prohibitions giving the government unlimited access to your financial records and removing your right to privacy, which kind of goes back to why we banned having a CBDC.
25:03
[SPEAKER_01]: And even if there's not a CBDC who can do stuff like that, this looks like it's still incredibly invasive.
25:09
[SPEAKER_01]: And so we want to make sure that we don't have that, because otherwise you just have way too much overreate
25:20
[SPEAKER_01]: like all of their privacy access removed, especially when it comes to your money, like you want to have what you buy all with your bank account and your credit card and just whatever you buy period, like not everyone needs to have access to all of that.
25:35
[SPEAKER_01]: And I understand like if you're doing something bad then you can go and view that but that's how the normal system works.
25:41
[SPEAKER_01]: This would essentially be giving the government and people like much much more access to your financial records and removing a huge layer of privacy and so he's coming out for all these different reasons to saying, hey, I don't like the way that it looks at stablecoins.
25:55
[SPEAKER_01]: I don't like the way that it looks at tokenization.
25:58
[SPEAKER_01]: I don't like the overreach that it has.
26:00
[SPEAKER_01]: And I also just don't like some of the like regulatory stuff in the way that this would handle the crypto market.
26:06
[SPEAKER_01]: I don't think that it does it justice.
26:09
[SPEAKER_01]: And because of that, you know, I think it needs to be revised.
26:12
[SPEAKER_01]: And so there's been a little bit of a back and forth.
26:14
[SPEAKER_01]: The one thing that I want everyone to understand because we talked about that the clarity acts a lot in our our Monday episode, Tvo.
26:22
[SPEAKER_01]: And we went over and we covered like what it was in the point of it there.
26:26
[SPEAKER_01]: Now there's been these changes.
26:27
[SPEAKER_01]: I still want to reiterate that
26:29
[SPEAKER_01]: almost everybody wants this thing to be passed.
26:33
[SPEAKER_01]: The one thing that we're disagreeing about here is what should be revised and what should be changed before it passes.
26:41
[SPEAKER_01]: So it's not a matter of people's thinking, oh, clarity act good versus bad.
26:45
[SPEAKER_01]: Everyone thinks it's good.
26:47
[SPEAKER_01]: They just think that there should be revisions done in different ways, right?
26:50
[SPEAKER_01]: And so that's what the big takeaway here is.
26:52
[SPEAKER_01]: In TV, can we have
26:55
[SPEAKER_01]: I don't know if we have a soundboard for this, but round of applause for us.
26:59
[SPEAKER_01]: Because on Monday, we were looking at the odds for the Clarity Act in 2020 or 2026 to pass.
27:06
[SPEAKER_01]: And we saw it 15% on air.
27:09
[SPEAKER_01]: And we were talking about it.
27:10
[SPEAKER_01]: We're like 15% just seems too low.
27:13
[SPEAKER_01]: It was January 13th, what was it?
27:15
[SPEAKER_01]: 11th or 12th or something like that?
27:17
[SPEAKER_01]: The start of January of the year.
27:19
[SPEAKER_01]: And the odds are at 15% because of one little piece of news.
27:23
[SPEAKER_01]: That doesn't make any sense, and the odds skyrocketed back up.
27:26
[SPEAKER_01]: I haven't checked them the day, but last I saw that they were at 55%.
27:29
[SPEAKER_01]: Try 61%.
27:30
[SPEAKER_01]: 61.
27:33
[SPEAKER_01]: No.
27:42
[SPEAKER_00]: unbelievable six of the year we were literally on air here on this drop right it was a 10 30 in the morning right we went live at 10 exactly 10 30 you could got it at 19 percent while we're if you watch the lives folks if you're tuning in when you can and available on YouTube like that's I mean that's some alpha 19 percent now you could trade out of that count you don't have to wait for this thing to clear you could trade out of that contract today if the liquidity's there which it probably is because it's in the news
28:10
[SPEAKER_00]: You could trade out of that for, yeah, I mean, double your money may be more, you know, to plus 300 about, so 2,300% of your money there, which is not a bad way to do a trade in a couple days.
28:23
[SPEAKER_00]: So, pure alpha here from the Crypto 101 pod, which we know we love to give, I know Brian McNut was in the live and owes us a couple beers, which will collect from him when we meet up soon in San Diego.
28:36
[SPEAKER_00]: So excited about that.
28:37
[SPEAKER_00]: but yeah again it's it's uh there's just so many these tools of uh you know the betting market's calcium polymark and everything that's why we talk about them in the shows because again it's it's it's leading the news we were on air monday seeing this and then the next day or two days later was I guess I think we recorded Tuesday so it was the next day was uh these odds were falling off a cliff and that's because you know coinbase you know there's there's people that know there's somebody always knows
29:07
[SPEAKER_00]: Somebody knows and started, you know, hammering this down, being like, Oh, coin base is going to pull, pull, they're support for it.
29:15
[SPEAKER_00]: And then obviously it's kind of evening out and we're seeing where the, the truth lies at 61% for getting this past this year, but I think I'm pulling up Robin Hood.
29:26
[SPEAKER_00]: Or do let's let's go why like so there's certain things in there around the stable coin yield.
29:30
[SPEAKER_00]: So what what does that mean for people who haven't heard us talk on the show before?
29:34
[SPEAKER_00]: So this this came out this week.
29:35
[SPEAKER_00]: So JP Morgan had record high net interest income.
29:39
[SPEAKER_00]: So $25 billion of net interest income.
29:42
[SPEAKER_00]: This is what they're trying to protect.
29:44
[SPEAKER_00]: Whether it's Goldman Sachs, Morgan Stanley, JP Morgan, you know, it's all it's all trying to protect this net interest income.
29:51
[SPEAKER_00]: If you're a bank and we've talked about this on the show how you don't get
29:55
[SPEAKER_00]: any yield, if you're just in a, you know, just a normal checking or savings account, you're basically collecting nothing for your money.
30:03
[SPEAKER_00]: And what, you know, I know what Brian Armstrong wants and what Vlad wants is to be able to offer a variety of on-chain solutions to be able to give you yield for your stablecoins.
30:15
[SPEAKER_00]: So they're worried about flight risk.
30:17
[SPEAKER_00]: I saw something that I retweet it.
30:19
[SPEAKER_00]: Let's see, we're going live here folks.
30:22
[SPEAKER_00]: I know it was Wolf, let's go, Scott Melker, let's give him a shout out, let's go to Wolf.
30:28
[SPEAKER_00]: It was some, he tweeted out some CEO, I think it was Bank of America, oh man, it's too a shout out.
30:34
[SPEAKER_00]: See, Bank of America says up to 6 trillion could migrate from U.S. banking system into stable coins if interest bearing stable coins are allowed.
30:44
[SPEAKER_00]: So again, it's it's not even that they don't want it to be a they don't want to give it either like you could say well they could just give this product as well if it passed right JP Morgan could offer it's yield you'll bearing stable point they don't want to do that because then they're going to be losing out on that 25 trillion dollars of revenue that they're bringing in.
31:03
[SPEAKER_00]: So I think that's the fight and I think it's always rich when you see Liz Warren fighting for the banks.
31:09
[SPEAKER_00]: So there's a lot of stuff in the news that Liz Beth Warren is working with Donald Trump together to cap credit card rates, which is a whole different subject we're not going to dive into here.
31:17
[SPEAKER_00]: But at the same time, she's going to help the little guy help the little guy, but at the same time, she's she's lobbying for the big banks to be able to keep their, uh,
31:25
[SPEAKER_00]: keep their yield.
31:26
[SPEAKER_00]: They're net interest yield.
31:27
[SPEAKER_00]: It doesn't want to give it to the people.
31:29
[SPEAKER_00]: So a little jekyll and hide there of politics as it always is.
31:33
[SPEAKER_00]: But Vlad tweeted this morning.
31:35
[SPEAKER_00]: I had it up.
31:36
[SPEAKER_00]: I might let me go back and find it.
31:37
[SPEAKER_00]: Vlad tweeted that it was not necessarily as volatile as Brian basically saying, hey, there's some things we could change.
31:46
[SPEAKER_00]: But basically still like you said,
31:56
[SPEAKER_00]: There's still some work to be done, but we see a path and are here to help the GOP and the Senate Bank and community get it over the line.
32:03
[SPEAKER_00]: So I think I think that kind of sums up.
32:05
[SPEAKER_00]: There's something very specific that Brian Armstrong seems to be fighting for and you have to remember again, he's looking for the best interest of Coinbase and its shareholders.
32:16
[SPEAKER_00]: But again, just a little back and forth here, we're in the political headlines.
32:20
[SPEAKER_00]: It is a block news all over business media.
32:25
[SPEAKER_01]: It is man, and so I think this, and I think it's a matter of time until this thing passes.
32:30
[SPEAKER_01]: Hopefully we do see it this year.
32:34
[SPEAKER_01]: I think the crypto industry clearly wants it to happen, where we're long and for it, and we're going to continue to cover it as time goes on.
32:42
[SPEAKER_00]: Yeah, it's a perfect segue.
32:44
[SPEAKER_00]: We'll close out this with a, you know, SEC chair pull Act in his video.
32:48
[SPEAKER_00]: It's about three minutes.
32:49
[SPEAKER_00]: We probably won't listen to it all, but it's basically saying, hey, all US markets will be on chain within two years.
32:54
[SPEAKER_00]: So some type of legislation, I think in this term has to be passed for that to happen.
32:59
[SPEAKER_00]: This is where the world's going.
33:01
[SPEAKER_00]: And then we need the guard rails to get it done, and so, you know, again, we're not in Washington lobbying, but we're just covering the news, but let's this is again, this is who's trying to set all this up and get it moving is the in the SEC compared to what Gary Ginza was a couple years ago, right?
33:17
[SPEAKER_00]: Let's hear what our SEC chair had to say on the top.
33:20
[SPEAKER_02]: tokenization is the idea of using them smart contracts or, or, you know, tokens on chain to be able to that represent, say, underlying security.
33:31
[SPEAKER_02]: So then that tokenized security is a security and would be subject to SEC rules by law.
33:39
[SPEAKER_02]: But the idea is that if it's on chain, on a blockchain, then there's much more transparency as to where it is, right now there's a bit of capacity as to who owns what and where the company usually doesn't even know where it's shareholder, who its shareholders are,
33:56
[SPEAKER_02]: where the shareholders were the shares reside.
34:01
[SPEAKER_02]: So tokenization has the benefit of potentially having instead of T plus one now trade date plus one for clearance and settlement.
34:13
[SPEAKER_02]: The prospect of maybe T0, now depending on the instruments and you know, there's we have to, you know, think about netting and all sorts of other things with respect to some instruments.
34:25
[SPEAKER_02]: But in principle, the idea of on-chain delivery versus payment and receipt versus payment, DVP, RVP on-chain, is a prospect of derisking the markets.
34:39
[SPEAKER_02]: making them much more transparent and then sure as far as clearance and settlement because it's always that's the the gap between clearance and settlement and then delivery and payment is the the real introduces risk into the system.
35:00
[SPEAKER_00]: So just the summary there is better faster that's that's the future of the financial system to get it on chain.
35:05
[SPEAKER_00]: I think everybody just
35:07
[SPEAKER_00]: It goes back to protecting your piece of the pie, right?
35:09
[SPEAKER_00]: Like why would these legacy banks want a change when they can literally do nothing?
35:15
[SPEAKER_00]: Do literally nothing and just collect that interest yield without giving anything back to the consumer?
35:21
[SPEAKER_00]: So it's fascinating times to really be covering this.
35:24
[SPEAKER_00]: I think it's changing literally the future as we know it and we're all here kind of breaking it down in real time.
35:31
[SPEAKER_00]: Any final thoughts before we move on, Ronan?
35:34
[SPEAKER_01]: Not that we're going to see a lot more of that this year.
35:36
[SPEAKER_01]: I think we're going to continue to see it grow.
35:38
[SPEAKER_01]: If that's how the chairman of the SEC views this stuff, I feel like we're in pretty good hands.
35:45
[SPEAKER_01]: So I love it.
35:48
[SPEAKER_00]: Yeah, no, but a couple more things to talk about specifically because we have a big YouTube a Mr.
35:53
[SPEAKER_00]: Beast anytime you can get in with Mr.
35:56
[SPEAKER_00]: Beast, you know, you know, you're making noise especially in the content world for those who might not be familiar with Mr.
36:02
[SPEAKER_00]: Beast in our audience because we have a you know huge audience that ranges from different age brackets.
36:07
[SPEAKER_00]: Mr.
36:07
[SPEAKER_00]: Beast is you could call him basically Mr. YouTube.
36:10
[SPEAKER_00]: He has cracked the code of YouTube.
36:13
[SPEAKER_00]: He is YouTube's largest creator.
36:15
[SPEAKER_00]: I mean, you can make an argument of like most successful creator of all time.
36:19
[SPEAKER_00]: There's tons of them, but Mr.
36:20
[SPEAKER_00]: Beast basically owns the YouTube algorithm, and if you're not familiar with him, you can look him up and just understand that this guy's created an empire off of his YouTube videos worth billions of dollars.
36:34
[SPEAKER_00]: And the most interesting, we bring this up.
36:37
[SPEAKER_00]: Like why are you talking about YouTube, Mr.
36:38
[SPEAKER_00]: Beast, what's going on?
36:40
[SPEAKER_00]: Well,
36:41
[SPEAKER_00]: We haven't talked about, you know, we always talk about bit more in bit mind staking.
36:44
[SPEAKER_00]: We haven't dove into a bit mind topic in a while, but this one is worth doing.
36:48
[SPEAKER_00]: Bit mind invests $200 million into the beast industries, which is Mr.
36:53
[SPEAKER_00]: Beast Company.
36:54
[SPEAKER_00]: Obviously it covers his YouTube.
36:56
[SPEAKER_00]: I mean, again, for those who don't know this guy, he has beastables, which is like, I believe a lunch, like a, you know, God, what's that old school lunchable?
37:06
[SPEAKER_00]: He made like a
37:09
[SPEAKER_00]: No, no, no, lunchables was when we were kids and they would you get a lunchable in your backpack and it would be like a little mini pizza not shows or whatever and that's he created his own brand of that now it's in stores he has a chocolate bar he has beast burgers he has this whole, you know, beast empire based off of his YouTube and it seems that.
37:29
[SPEAKER_01]: Yeah, go ahead.
37:30
[SPEAKER_01]: I was going to say the, the, the lunchables line is called luncheon Lee, um, and that's what they named it.
37:38
[SPEAKER_01]: And then he has a toy brand.
37:40
[SPEAKER_01]: And I heard that his toy and game brand or whatever was doing over, I think they said over a hundred or maybe over 200 million a year, which is crazy.
37:52
[SPEAKER_00]: Yeah, so in lunchlies partnered with Logan, uh, Paul and, uh, God, I can't remember that guy's name.
37:58
[SPEAKER_00]: TSI and prime energy.
38:01
[SPEAKER_00]: So again, we're getting a little bit into the millennial world here, but that's the future, right?
38:05
[SPEAKER_00]: I mean, I know Logan Paul's huge into collectibles.
38:10
[SPEAKER_00]: I think he's trying to sell right now like the most expensive Pokemon card in history.
38:16
[SPEAKER_00]: And that's the type of stuff.
38:17
[SPEAKER_00]: That's why it's timely and a bit mind going in investing in this.
38:21
[SPEAKER_00]: It's like, hey, eventually in their theory, all this is coming on chain.
38:25
[SPEAKER_00]: All this is coming to Ethereum, right?
38:27
[SPEAKER_00]: And so it's kind of an interesting investment for sure, but with everything, trying to come on chain, you know, the one of the biggest creators, and the biggest creator empire, trying to move that on chain.
38:40
[SPEAKER_00]: Like, if this is, we don't, we don't have the, um,
38:44
[SPEAKER_00]: We don't, we don't have the specifics of the deal, but my guess, and I'm, I'm leading a little bit here.
38:49
[SPEAKER_00]: Actually, you know what, this is Tivo real time producing.
38:54
[SPEAKER_00]: Let's go to a video.
38:56
[SPEAKER_00]: I saw Tom Lee here.
38:57
[SPEAKER_00]: I have not listened to this, but according to the title, I believe he's going to talk about the investments.
39:02
[SPEAKER_00]: Let's hear what Tom Lee has to say, hopefully he discusses this investment a little bit and we can get a little bit more insight.
39:09
[SPEAKER_03]: As you know, Bitcoin is the largest ethereum treasury company in the world, the largest holder of ethereum and it's our view that ethereum, which is a smart contract platform is the future finance where digitalization of not only dollars but stocks and equities is going to take place and over time that really lures what is a service versus what digital money.
39:36
[SPEAKER_03]: And that's where a collaboration and investment into beast industries makes sense.
39:43
[SPEAKER_03]: As you know, Mr.
39:45
[SPEAKER_03]: Beast is the number one content creator in the world is content is watched more than for each of his videos 252 million views a month, which is more than the Super Bowl.
39:56
[SPEAKER_03]: And really he is probably the iconic person for Gen Z, Gen Alpha, and arguably millennial.
40:02
[SPEAKER_03]: So he is probably one of the most important creators
40:06
[SPEAKER_03]: Beast Industries, according to Jeff housing bold, is planning to create a future platform of services, which includes digital items and even financial services.
40:18
[SPEAKER_03]: And that's really where a collaboration between Beast Industries and BitMine will make sense.
40:24
[SPEAKER_03]: So I think it's part of the sort of evolution of.
40:27
[SPEAKER_03]: digital platforms and money and I think it's really uniting the number one create in the world with the biggest ethereum platform in the world.
40:38
[SPEAKER_01]: It's fascinating.
40:40
[SPEAKER_01]: for people who don't know, Mr.
40:42
[SPEAKER_01]: Beast got his start.
40:44
[SPEAKER_01]: I think it's sick to say that.
40:46
[SPEAKER_01]: He got his start in crypto.
40:47
[SPEAKER_01]: And he was a big crypto guy or a big coin investor in crypto investor back in the day.
40:53
[SPEAKER_01]: And that's how he made like his first nice little chunk of money was getting in the crypto early and investing in trading crypto early.
41:02
[SPEAKER_01]: And a lot of people don't know that about him.
41:04
[SPEAKER_01]: But he's like, he used to be a pretty big crypto guy back in the day.
41:09
[SPEAKER_01]: So now it's kind of cool to see that the technology has evolved in such a way and it's going full circle and I think if there's anyone that could probably help them out here, it's like Tom leaves at the top of the list.
41:22
[SPEAKER_00]: Yeah, but well, that goes both ways.
41:23
[SPEAKER_00]: I mean, I'm thinking a little bit down the road here, but if they get some type of infrastructure set up that actually is going to work, which again, that's, you know, months, if not years down the road, having Mr.
41:35
[SPEAKER_00]: Beast on your team.
41:37
[SPEAKER_00]: And I mean, so you're saying, like, in theory, if they're going to set up all this, I think that's wild for Mr.
41:42
[SPEAKER_00]: Beast to be getting into digital payments stuff in general, but like when you have that type of capital, you can basically go whatever direction you want.
41:48
[SPEAKER_00]: And like you said, you got to start investing.
41:51
[SPEAKER_00]: So it's something that he's definitely passionate about because I was before he was even famous.
41:55
[SPEAKER_00]: So, you know, you're setting up all these guardrails and you took this investment from Tom Lee who, you know, is the biggest Ethereum, you know, strategy is is the Mr.
42:07
[SPEAKER_00]: Beast products going to go on Solana.
42:11
[SPEAKER_00]: probably not maybe you're like you're already leaning towards Ethereum.
42:16
[SPEAKER_00]: It seems so I just think it would be fascinating at some point again I'm sure Mr.
42:20
[SPEAKER_00]: Beast is going to keep doing what he does But at some point does he if he's taking this investment on does then he become an honorary board member of bitmind in three years
42:31
[SPEAKER_00]: I'm just throwing out, I'm just throwing out topics like how many times Mr. B's gonna want to make his videos forever is by broadening to some type of asset you know financial platform is that's something that he's super passionate about and then eventually whether it's a year three years five years is he gonna start getting more involved in talking about it because when he talks like Tom Lee said people listen more than the Super Bowl every month.
42:56
[SPEAKER_00]: That was a great stat more views than the
42:59
[SPEAKER_00]: So if this guy starts talking about crypto to again, the millennials down to Gen Z, I don't think you can be Steve.
43:06
[SPEAKER_00]: If that does happen, I think that's monomensely huge.
43:09
[SPEAKER_00]: I really do, because again, it's that transition to the next generation and if anybody has a bigger microphone to the next generation than Mr.
43:18
[SPEAKER_00]: Beast.
43:18
[SPEAKER_00]: That is a fact.
43:19
[SPEAKER_00]: You can find people that maybe have a similar one.
43:21
[SPEAKER_00]: There's tons of huge creators out there, but nobody has a bigger microphone.
43:25
[SPEAKER_00]: It's a people, let's call it just say 25 and under, then Mr.
43:29
[SPEAKER_00]: Beast.
43:31
[SPEAKER_01]: I would agree.
43:32
[SPEAKER_01]: I saw something that said one in 10 people had interacted with his videos in the last 30 days or something.
43:42
[SPEAKER_01]: Something like that, which is crazy.
43:43
[SPEAKER_01]: I mean, huge influence, obviously, big reach
43:47
[SPEAKER_01]: fascinating stuff man.
43:49
[SPEAKER_01]: I mean, crypto really is working its way into everything.
43:52
[SPEAKER_01]: And again, it just goes to show you how much more there could be.
43:54
[SPEAKER_01]: So I think the sky's the limit and there's a lot of different ways that these things could go and we're just I mean, it's a so maybe like cheesy to say this because you hear it all the time, but it does feel like we're just getting started and we're just scratching the surface.
44:07
[SPEAKER_01]: And there is so much potential and we say that and you probably hear it all the time, but like truly that is where my mind is at.
44:15
[SPEAKER_01]: And I believe it.
44:17
[SPEAKER_00]: Yeah, I agree.
44:17
[SPEAKER_00]: It's the same kind of sentiment we've been talking about with the negative price action, just the fundamentals of the space, just continue to grow.
44:26
[SPEAKER_00]: And you see that with the Clarity Act.
44:27
[SPEAKER_00]: Again, it's the number one talked about piece of financial news today.
44:31
[SPEAKER_00]: And then, you know, again, I know a lot of people that listen probably aren't as familiar with Mr. B's is like somebody like me and you are, but it is, it is huge to get that type of involvement if again, I think it has to.
44:43
[SPEAKER_00]: actually come to fruition for it to be a big deal, but the fact of taking that type of partnership, I think, is a big deal.
44:49
[SPEAKER_00]: And just the fundamentals for the space keep going, we're just getting started.
44:52
[SPEAKER_00]: But uh, longer episode than I thought today, I thought this is going to be like 30 minutes on the dot.
44:56
[SPEAKER_00]: We went, we went a little over because again, there's just so much to talk about.
45:00
[SPEAKER_00]: We had Brendan twice this week.
45:02
[SPEAKER_00]: Thank you Brendan so much for joining us.
45:04
[SPEAKER_00]: I know where I think we're going to be back next Friday.
45:07
[SPEAKER_00]: We had the technical analysis deep dive in the markets again for to kind of cover what you do in the trading course.
45:12
[SPEAKER_00]: So if anybody's
45:13
[SPEAKER_00]: training course, check the link below.
45:14
[SPEAKER_00]: We really appreciate everybody listening and watching.
45:18
[SPEAKER_00]: We hope you have a great rest of your day.
45:20
[SPEAKER_00]: And we are going to talk to you guys soon.
45:22
[SPEAKER_00]: All right, bye, everybody.