Latest / CRYPTO 101 / Crypto Rundown $300 Billion into Crypto as NFTs, Meme Coins & Bitcoin are Starting to Move

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Crypto Rundown $300 Billion into Crypto as NFTs, Meme Coins & Bitcoin are Starting to Move · CRYPTO 101

0:05
[SPEAKER_02]: All right, everybody, welcome back to the crypto rundown.
0:10
[SPEAKER_02]: Right now, most of the market is still positioned cautiously, but the data is starting to tell a very different story.
0:16
[SPEAKER_02]: Funding rates aren't overheated.
0:18
[SPEAKER_02]: Institutions like fidelity are starting to turn constructive.
0:21
[SPEAKER_02]: And some of the biggest buyers in the space are still accumulating at the same time.
0:25
[SPEAKER_02]: crypto added over three hundred billion dollars in market cap in just the last couple weeks.
0:31
[SPEAKER_02]: So the real question is, is the market still underestimating this move?
0:35
[SPEAKER_02]: We're going to break it down.
0:36
[SPEAKER_02]: We have tons of data points to talk about on this Monday morning.
0:39
[SPEAKER_02]: We have a lot of fun stuff to cover as well as a momentum market.
0:43
[SPEAKER_02]: momentum money makers market update with some winners that they had so this is going to be a full-fledged Monday episode.
0:49
[SPEAKER_02]: It's a lot.
0:50
[SPEAKER_02]: It's a lot.
0:50
[SPEAKER_02]: A lot of data around Bitcoin.
0:52
[SPEAKER_02]: A lot of data around the crypto markets and some absolute winners that we've been seeing.
0:56
[SPEAKER_02]: Did somebody say NFTs Brian?
0:58
[SPEAKER_01]: Oh, I know NFTs have been hot recently and I love I love it.
1:02
[SPEAKER_01]: I love me some NFTs.
1:03
[SPEAKER_01]: A guilty pleasure because you know that was some wild times in 2021.
1:08
[SPEAKER_01]: of games, cool communities, and people were writing off NFTs for dead for quite some time.
1:15
[SPEAKER_01]: I wasn't exactly an active buyer, but it looked like some buyer stepped up.
1:18
[SPEAKER_01]: We had some, we'll talk about later on in the show, but huge NFTs spike across the major blue chip collections.
1:25
[SPEAKER_01]: And this wasn't just a dollar or two.
1:27
[SPEAKER_01]: This was a tens and hundreds of thousands of dollars getting bought up in our very lovely J-panks.
1:34
[SPEAKER_01]: So I'm happy to see it.
1:36
[SPEAKER_02]: Yeah, there's a lot to cover this episode, really, is it's a Monday, just for the people watching live, just as an FYI, your friend Tivo is having some mighty mighty car troubles today.
1:47
[SPEAKER_02]: There's no power, there's smoke, there's no fire, but there could have been a fire, who knows?
1:52
[SPEAKER_02]: So just an FYI, to my coast, Brian, if I get a call, I might have to take that and you got to solo it for a couple minutes.
1:58
[SPEAKER_02]: So just don't alert all the live listeners out there, but let's jump right into it.
2:02
[SPEAKER_02]: Our quick macro update of the day,
2:04
[SPEAKER_02]: Again, the Iran that caught the ping pong, the volleyball back and forth back and forth.
2:09
[SPEAKER_02]: Iran offered the deal to the U.S. to open up the straight, the straights open.
2:13
[SPEAKER_02]: It's closed open.
2:14
[SPEAKER_02]: It's closed.
2:14
[SPEAKER_02]: Nothing's really changed there.
2:15
[SPEAKER_02]: The only thing that I pulled from the weekend or late last week that thought was interesting was, uh, tether froze 344 million dollars, and everybody was wondering what that was, because whatever.
2:26
[SPEAKER_02]: Tether, you know, does that, usually there's some type of nefarious activity going on, and it seemed to be tied to Iranian entities.
2:36
[SPEAKER_02]: So I thought that was really interesting, Scott Pesent came and kind of did a press conference and said, hey, it doesn't matter, you know, who you are, where you are in the world.
2:44
[SPEAKER_02]: If we find funds, whether it's on chain or not, like we're going to, we're going to, you know, put a stop to it.
2:49
[SPEAKER_02]: So I thought that was interesting.
2:50
[SPEAKER_02]: Did that catch your eye, the Tether freeze?
2:52
[SPEAKER_01]: Oh, yeah, for sure.
2:53
[SPEAKER_01]: Actually, one of our most recent podcasts, Joe and I did we we talked about with the guy last week talking about just regulations and compliance and just how transparent and unique blockchain can be and I get it from the standpoint of we love decentralization.
3:10
[SPEAKER_01]: Read them of money, but then you have this other world here where assets are getting frozen.
3:15
[SPEAKER_01]: And as you said, Tether executed the largest USDT freeze.
3:19
[SPEAKER_01]: What was it?
3:19
[SPEAKER_01]: 344, you said 344 million.
3:22
[SPEAKER_01]: A massive amount.
3:23
[SPEAKER_01]: The funds were obviously tied to these Iranian entities, following some illicit activities.
3:29
[SPEAKER_01]: And the move really enforces, I think everyone needs to realize is that Tether's growing compliance role.
3:35
[SPEAKER_01]: with regulators, aligns with really stop a sense push to, you know, stop these funding channels through crypto sanctions.
3:43
[SPEAKER_01]: So a big, big news in the crypto space.
3:47
[SPEAKER_01]: There's some people that love it.
3:48
[SPEAKER_01]: There's some people that hate it.
3:49
[SPEAKER_01]: And I see both sides of the sides of the cards here.
3:54
[SPEAKER_02]: Yeah, no couldn't agree more and it's something that we'll watch whenever you see that amount of money frozen.
3:59
[SPEAKER_02]: It's definitely you want to find out a reason why and yeah, obviously it makes sense, but yeah, Teather definitely in in bed with the US government at least a little bit and it kind of brings to the point of what we cover last week on Friday, right?
4:13
[SPEAKER_02]: Brian with the US government's running Bitcoin nodes trying to track that because you can't do that with Bitcoin.
4:18
[SPEAKER_02]: You can't roll back that.
4:20
[SPEAKER_02]: or freeze accounts.
4:21
[SPEAKER_02]: So I'm sure Iran loves Bitcoin, but as we showed, the US government is also interested in it.
4:26
[SPEAKER_02]: So when it comes to Bitcoin, let's start talking about the price action because I'll pull up Coin Market cap.
4:32
[SPEAKER_02]: We'll share this tab over here.
4:33
[SPEAKER_02]: Actually, you know what I saw.
4:36
[SPEAKER_02]: First thing jumped out was the fear and greed kind of pop back down to the neutral on the bottom end of the neutral.
4:40
[SPEAKER_02]: It's that we're creeping up to greed a little bit.
4:44
[SPEAKER_02]: This will share that.
4:45
[SPEAKER_02]: There it goes.
4:45
[SPEAKER_02]: You can see a kind of waterling back there.
4:47
[SPEAKER_02]: uh... seven day looking pretty flat uh... but we have a lot of data uh... at least i think you know me as brine is the resident uh... permable and quantum expert
5:00
[SPEAKER_02]: We have a lot of data that shows as the theme of April has been for this podcast, the saying the pain trade is higher.
5:08
[SPEAKER_02]: I've said that I think every episode now for at least every run out episode for the month and I want to bring back and pull up that clip.
5:15
[SPEAKER_02]: This is from April 10th, 12th week of April 10th.
5:21
[SPEAKER_02]: I might have my episode might have aired on podcast April 11th or 12th.
5:25
[SPEAKER_02]: I think I think the pain trade, I've been thinking about this before we came on.
5:28
[SPEAKER_02]: I think the pain trade is higher.
5:30
[SPEAKER_02]: Maybe a little double bottom there on the fear and greed.
5:33
[SPEAKER_02]: There I say.
5:34
[SPEAKER_02]: They're, I say, looks good.
5:37
[SPEAKER_02]: But let's go into what we were saying with the data.
5:39
[SPEAKER_02]: What are we seeing?
5:40
[SPEAKER_02]: What are people betting?
5:41
[SPEAKER_02]: Because if you remember, we were kind of, we brought this up.
5:44
[SPEAKER_02]: People were looking at Bitcoin to fall to 60,000, 50,000 will Bitcoin trade below 50,000, all the calcium deaths.
5:52
[SPEAKER_02]: It's starting to get to the majority.
5:54
[SPEAKER_02]: People thought like 50% under 50, 75% under 50%.
5:59
[SPEAKER_02]: So pain-traded tires, since you listen to that episode a couple weeks back, Bitcoin, depending on when exactly you listen to it, big coins up between 10 and 13% thus giving a check mark.
6:11
[SPEAKER_02]: We'll take the credit brine, the pain-traded tire, and then as we noted, we can share here kind of the one month of my pull and that up right at the one month.
6:20
[SPEAKER_02]: So we're looking like right in here, pain-traded tire, and then the episode aired, like right in this little dip here, and we crawl up.
6:28
[SPEAKER_02]: keep crawling up you love to see it and then as you shared here 45% chance of be Bitcoin crossing a hundred thousand this year so these odds it was a great it was a great thesis I think we had a week's back where we saw the bedding odds everybody's on the same side of the boat we just kind of were saying like I just it feels like people are under exposed to upside risk so what what are you what are you taking away since the last month of our thesis here?
6:55
[SPEAKER_01]: Now what are some things off?
6:56
[SPEAKER_01]: I could listen to that clip with those buttery voices all day every day, just to lay that out there and no, I mean, we've been calling it for months now.
7:05
[SPEAKER_01]: I mean, credit to you, Tvo, you've certainly brought this pain trade under the spotlight and Bitcoin, Bitcoin looks good right now, the overall crypto market looks good.
7:16
[SPEAKER_01]: We've had a little bit of a pullback today, but I think just yesterday we almost, we almost got to 80k, which is,
7:23
[SPEAKER_01]: Spectacular.
7:24
[SPEAKER_01]: I think last time we talked about the rundown, there was like a 50 or 60% chance that we were going to get the 90k now We're starting to hear that there's almost a coin flip to get to a hundred.
7:33
[SPEAKER_01]: So The the shorter's might be a little bit nervous here.
7:38
[SPEAKER_01]: I'm not sure what's happening, but I would not want to be on the short side of things I agree with you and we have a lot of data to cover here now.
7:46
[SPEAKER_02]: We also have a first ever
7:49
[SPEAKER_02]: Uh, most interesting live scenario where the tow truck company did not call me to schedule a time and let me know when they're coming and they're apparently outside as we speak live on air.
8:00
[SPEAKER_02]: Oh, rock and roll.
8:01
[SPEAKER_02]: So I'm going to go down there and I'm going to hand this off.
8:05
[SPEAKER_02]: I'm going to stop sharing or a Brian, you're not a share, right?
8:07
[SPEAKER_02]: So just go down.
8:08
[SPEAKER_02]: Keep going.
8:08
[SPEAKER_02]: Cover the, uh, why don't we, okay, here, reverse this, reverse this, Brian, take the lead on the momentum money makers update.
8:17
[SPEAKER_02]: Go down, talk about NFTs.
8:19
[SPEAKER_02]: Let's talk about the meme coins.
8:20
[SPEAKER_02]: Let's talk about the pen goo.
8:21
[SPEAKER_02]: You guys had some absolute winners.
8:23
[SPEAKER_02]: So again, as always, if you're interested in momentum money makers, there's a $1 trial in the description of the YouTube video and the podcast.
8:31
[SPEAKER_02]: Brian's going to give you an update of what's going on in that department along with some of their winners.
8:35
[SPEAKER_02]: Brian, that should buy me like five, maybe 10 minutes.
8:37
[SPEAKER_02]: I don't know what I need to do with these guys.
8:39
[SPEAKER_02]: I'm going to hand it off to you.
8:41
[SPEAKER_02]: And I will try to be back within like five, 10 minutes.
8:44
[SPEAKER_02]: That sounds good.
8:46
[SPEAKER_01]: And then we didn't pre-prop this at all, I guess there's no, there's no yes or no, but let's go, Tivo.
8:51
[SPEAKER_01]: I can't see you now, it's my show, the drag over for the NFL, but for the crypto little podcast, Brian McNutt, you're on the clock.
9:00
[SPEAKER_01]: Get out of here.
9:00
[SPEAKER_01]: We'll see if we share the screen correctly, everybody, but, you know, fired up to be here and talking with everybody today, I'm going to get over and share some screens when I get a moment.
9:12
[SPEAKER_01]: and show you exactly what we're talking about right now and one of the big things that we're looking at is the NFT market.
9:18
[SPEAKER_01]: The NFT market has passed $2 billion like Tivo said certainly there's been some interesting moves here within NFT so if you're a big fan of NFT like
9:34
[SPEAKER_01]: It just brought a lot of life and a lot of eyeballs to the crypto space so really great to see that it's popping back a little bit and things are starting to look good and some of the bigger winners out there I'm just getting bring it up here.
9:46
[SPEAKER_01]: Let's let's take a look at open see right now
9:50
[SPEAKER_01]: They're down a little bit today, but I mean, we got board apes getting close to 10 if again, pudgies are 5 if crypto punks 30 and a lot of these projects are the blue chip projects, you even saw subducks there that popped up here, right?
10:04
[SPEAKER_01]: I think they're a pretty big
10:06
[SPEAKER_01]: like 4,500 percent.
10:08
[SPEAKER_01]: So a lot of these projects are OG projects.
10:11
[SPEAKER_01]: These are projects that just developed and popped up this month or new myths.
10:17
[SPEAKER_01]: These are projects that have some sort of established community, some sort of a established story behind them.
10:22
[SPEAKER_01]: and people are behind get up and I'm I love to see it.
10:26
[SPEAKER_01]: I'm not going to say NFTs are back because it does feel like NFTs towards the end of a cycle or when they start to pick up we've noticed and this is by no means the end of a cycle.
10:37
[SPEAKER_01]: So starting to see a little bit more activity into the NFT markets.
10:40
[SPEAKER_01]: So I'm watching really closely so if you're part of our community, we'll probably be talking a little bit more about NFTs because there's just some really interesting things to talk about and they're they're super fun.
10:51
[SPEAKER_01]: If anybody has bought NFTs or shop trades or had a community or a bunch of friends at utilize or went through NFTs, you know exactly what I'm talking about and there's a lot of great projects out there.
11:02
[SPEAKER_01]: And we're going to take a look at meme coins as well.
11:05
[SPEAKER_01]: So not only of NFTs have been kind of popping up, but we've seen meme coin volume popping up.
11:10
[SPEAKER_01]: What's it say?
11:11
[SPEAKER_01]: 106% to 5.6 billion in one day.
11:15
[SPEAKER_01]: So NFTs are starting to show a little bit of, I mean,
11:20
[SPEAKER_01]: show a little bit of life recently and that's exciting because it's starting to look like it's we're a little bit more risk on and that typically starts to happen when Bitcoin in Ethereum and some of the crypto majors start to establish a nice foundation and people want a little bit more risk you know they're looking for a little bit more outreach we're starting to see NFTs wrong we're starting to see meme coins wrong and that's exciting because there's
11:48
[SPEAKER_01]: And if you're part of our private community, you know, we're always trying to find the best opportunities every single week and sometimes there's huge winners, sometimes there's our flat, sometimes there's losers, no one can bat a thousand percent, but there's been some really great opportunities and one in particular, I want to share with everyone.
12:06
[SPEAKER_01]: And this was a unique project because it's actually flashed pretty high.
12:11
[SPEAKER_01]: We called this last week to our community.
12:14
[SPEAKER_01]: So right around in this range, and this is spike.
12:17
[SPEAKER_01]: And if anybody's familiar with the Pepe meme coin, the artist behind Pepe is an individual named Matt Fury.
12:24
[SPEAKER_01]: And he's been well known in the crypto space for years.
12:27
[SPEAKER_01]: And he is the originator of that Pepe meme.
12:30
[SPEAKER_01]: And then the Pepe token, which ran to billions of dollars of market caps,
12:35
[SPEAKER_01]: was always made a very interesting.
12:37
[SPEAKER_01]: It's a token that seems to run with Ethereum because it's on the Ethereum chain.
12:43
[SPEAKER_01]: Well, I guess people within the space found a new interesting token in what spike is exactly and this cracks me up.
12:51
[SPEAKER_01]: because Spike is actually Matt Fury's first drawing, or at least they claim that he created this pink little dinosaur that he created in kindergarten.
13:01
[SPEAKER_01]: Don't ask me how people verify this, but what was really interesting to me and I brought to our community is that we saw a ton of whale wallet activity.
13:09
[SPEAKER_01]: We saw a lot of people within who bought Pepe early who had big bags of Pepe, were powering in the spike.
13:21
[SPEAKER_01]: metrics why we want to do evaluate this and why we recommend it to our community.
13:26
[SPEAKER_01]: So this is up about two three X, anybody in our community called around five million.
13:31
[SPEAKER_01]: It's sitting right around a 13 million dollar market cap again.
13:33
[SPEAKER_01]: I'm not saying jump in and buy this token today because to go from 13 to 30 it is a huge move that two X.
13:40
[SPEAKER_01]: But just wanted to show this that when there's a good story and there's a good narrative out there that certainly certain tokens can
13:51
[SPEAKER_01]: flipping over to another call we had recently and Joe did a great job talking about this again kind of the same time frame is this collector cards the cards token and they deal with RWA's they deal with physical cards I don't want to eat up too much of the time of exactly what they are but they're an actual company with real life mechanics leaning into the RWA market into the physical card market and as everyone knows that if you're
14:19
[SPEAKER_01]: in the space at all, or not even just crypto, just in collecting, you know, Pokemon is being huge, sports cards have been huge, outpacing a lot of different investments.
14:29
[SPEAKER_01]: This is another really unique way to get exposure to those cards, that is RWA's.
14:35
[SPEAKER_01]: Since another great call, Joe really highlighted this on our last newsletter, I love the call, I'll ran up all the way, as you can see, flashed up here
14:48
[SPEAKER_01]: I actually, again, not to go out by this, but this is a token that's generating revenue, that has a really great story, that has a good utility at the end of the day, and it's extremely interesting, and it's a token that I'm continuously looking personally to doll to cost average in, so I see major pullbacks.
15:07
[SPEAKER_01]: It always starts to catch my eye.
15:10
[SPEAKER_01]: So it's just a really interesting time here with risk economics.
15:15
[SPEAKER_01]: It's like I said, if that's meme coins, if that's NFTs, if that's really the entire market.
15:22
[SPEAKER_01]: And let's take a look at kind of what's going on in the meme coin market recently.
15:26
[SPEAKER_01]: Nothing really huge is popping out right now.
15:31
[SPEAKER_01]: We did have that asteroid token.
15:33
[SPEAKER_01]: We talked about briefly as well on past run-downs and past calls.
15:41
[SPEAKER_01]: This token, it might be the last run-down.
15:43
[SPEAKER_01]: This was actually from a girl who, unfortunately, she passed away, but she wrote very heart-thought-out questions the Elon about making asteroid.
15:53
[SPEAKER_01]: The logo or the mascot of Space X in Elon essentially just chimed in and said, okay, and when that happened we saw an absolute huge surge and we haven't seen a mean point like this run this hard and really a long time.
16:09
[SPEAKER_01]: And now we haven't heard Elon mentioned it since just mentioning okay, but right when he mentioned okay right here, we saw an absolute rocket ship and now it just looks to be consolidating pretty nicely.
16:19
[SPEAKER_01]: It could certainly get below a hundred or a hundred million dollar market cap, it could is less attention is being brought upon it.
16:28
[SPEAKER_01]: The token prices more likely to be down because people are going to rotate into other areas of interest, but why this is so interesting to me personally is what if.
16:38
[SPEAKER_01]: Elon and SpaceX actually create and use asteroid as the mascot.
16:44
[SPEAKER_01]: It gets the created story.
16:46
[SPEAKER_01]: It creates a buzz and we could also see another huge green candle, but we're really dependent.
16:53
[SPEAKER_01]: on Elon, really mentioning it, or possibly another way this could do really well is if the SpaceX IPO that everyone's really excited for, that is potential to be trillions of dollars, this IPO, that the IPO is wildly successful, this could be a very interesting beta play on that token as well.
17:14
[SPEAKER_01]: But I guess the point is, is that we're really seeing a lot of interesting opportunities if that's in NFTs, if that's in meme coins,
17:22
[SPEAKER_01]: And obviously, we talked a lot with our private community about the AI crypto sector and just all overall crypto.
17:28
[SPEAKER_01]: I talked about that all the time because I do believe that AI and crypto are going to be a new sector or or become a, it's already a established sector, a growing sector within the crypto market where we're going to get a lot more opportunity like Brian Armstrong has stated several times that he could see a world where there's more agents
17:49
[SPEAKER_01]: And I'm on board with that.
17:51
[SPEAKER_01]: I think that's a very, I don't think that's a hot take.
17:53
[SPEAKER_01]: I think that's a very intelligent call out because one person could have several different AI agents and as AI agents continue to develop, they're going to release tokens or they have new projects.
18:05
[SPEAKER_01]: So really risk on assets are starting to catch a little bit more of a bid and just flip them back over to CoinMarketCap.
18:13
[SPEAKER_01]: We've had some big winners here recently, and one that I want to call out here is good old penguins.
18:18
[SPEAKER_01]: Puggy penguins.
18:19
[SPEAKER_01]: What are they sitting at?
18:20
[SPEAKER_01]: Number four here, up 30% on the week.
18:24
[SPEAKER_01]: As you know, Tiva and I talk about the Puggy penguins team all the time.
18:27
[SPEAKER_01]: We talk a little about the penguin token, and they've been doing a lot of great things.
18:30
[SPEAKER_01]: And when Tiva gets back, we got to find out where we said we were going to go with buying those giant
18:37
[SPEAKER_01]: Puggy penguins plushies.
18:38
[SPEAKER_01]: I forget exactly what the floor was going to be when we actually bought those plushies, but hopefully we get there soon and up 30% we're definitely well on our way and I'm going to give you my thoughts while we wait for TV to come back about Pango the reason I like Pango I think they're doing some of the biggest things in web 3 in arguably in the web 2 just to standard world.
19:00
[SPEAKER_01]: massive amount of partnerships, massive amount of activations, even in a bear market, they're showing up, they're producing content, they're producing plushies, they're releasing mobile games, just there's a path here for Pengu to continue to live through past this cycle,
19:21
[SPEAKER_01]: But if we look at the chart, I mean, over the past month, it's been just up into the right.
19:25
[SPEAKER_01]: Just a straight steady grind up, which we love to see.
19:29
[SPEAKER_01]: So we really want to see what tokens, what certain meme tokens are.
19:33
[SPEAKER_01]: I don't even like to call this a meme token.
19:35
[SPEAKER_01]: I call this a brand token, but is it showing strength in a bull market?
19:39
[SPEAKER_01]: If it's showing strength in a bull market?
19:41
[SPEAKER_01]: Typically, it's a really good sign for things to come because once I'm sorry, we're showing China in a bear market when the bull market comes, this is the type of tokens that could pop off, but when we kind of zoom out here, you can see we've really found a bottom here,
19:57
[SPEAKER_01]: This is when, you know, the crypto majors were just getting absolutely waxed and then when we're starting to see some strengths, we're starting to carve right up to get back to this levels.
20:08
[SPEAKER_01]: It's going to be a lot of work, but there's absolutely an opportunity for us to get where we need to go.
20:14
[SPEAKER_01]: And just some of the other tokens out here that we, we always really like we've talked a lot about Bitcoin and it's pulling back a little Ethereum still above that $2000 mark.
20:24
[SPEAKER_01]: Well, on all these are just pretty steady.
20:26
[SPEAKER_01]: Everyone's just kind of sitting there.
20:28
[SPEAKER_01]: It feels like the retail short term sellers are kind of out of it or that people are rotating slightly into more risk on assets.
20:37
[SPEAKER_01]: Let's see if we can find actually the meme coin section here and see what meme coins have been popping off just recently over the past week or so for everyone.
20:49
[SPEAKER_01]: a lot of these yeah a few other ones so ape coin is a really interesting token as well similar to the Puggy penguins team so ape coin came out before Puggy penguins in as a connection with the body y'all club and everything they've built and those NFTs have run quite a bit I think board apes are up about 40%
21:09
[SPEAKER_01]: on the past couple weeks.
21:12
[SPEAKER_01]: And of course, a lot of these NFT projects I have tokens associated with them seem to be running.
21:17
[SPEAKER_01]: So something we always want to pay attention to.
21:20
[SPEAKER_01]: We got the SPX 16900, which has a very cult like community out there, not surprised to see that up a lot.
21:27
[SPEAKER_01]: Rect another really top.
21:30
[SPEAKER_01]: uh, brand coin.
21:31
[SPEAKER_01]: I love to call it.
21:32
[SPEAKER_01]: It's a token that I've always been a big fan of.
21:34
[SPEAKER_01]: I think it's one of the best founders in the space, uh, has been trending downward, but over the past week as the market's been bouncing back, we're starting to see wrecked come back as well.
21:45
[SPEAKER_01]: And then I just saw the moonbirds.
21:47
[SPEAKER_01]: Let's take a look at what Moonbirds is trading at right now, because Moonbirds is another top NFT project out there.
21:54
[SPEAKER_01]: And they have the burbed token.
21:56
[SPEAKER_01]: And yeah, this is, this is from the initial release, so not surprised there, but let's take a look at the month, yeah, you can kind of see there's been a little bit of a bump but a correction here, not nearly as a violent move as we saw with ape coin.
22:11
[SPEAKER_01]: And the Pengu token, but this is a token I'll probably have my eyes on because there's an acquisition with the moon birds team recently a few months back.
22:21
[SPEAKER_01]: They're building at the NFT projects.
22:22
[SPEAKER_01]: They didn't air drop for holders and I have a pretty good feeling that they're going to continue to utilize some utility around their token.
22:31
[SPEAKER_01]: So.
22:33
[SPEAKER_01]: Really to kind of wrap it all up in this meme point NFT world right now.
22:37
[SPEAKER_01]: It definitely feels like blue chip NFTs are making a comeback.
22:41
[SPEAKER_01]: A lot of the OGs in that space are coming back.
22:44
[SPEAKER_01]: They're bringing back more energy.
22:47
[SPEAKER_01]: And it's just an exciting time to be really in this entire area.
22:52
[SPEAKER_01]: I'm going to stop sharing here for a moment and kind of take a look at what else we have on our sheet down towards the bottom.
23:00
[SPEAKER_01]: We've had some really interesting calls here with that moment of money makers.
23:03
[SPEAKER_01]: So again, there's a link down below.
23:05
[SPEAKER_01]: If you want to jump in, check out our community.
23:07
[SPEAKER_01]: We're always talking about some of these high risk opportunities in the crypto space.
23:11
[SPEAKER_01]: If that's platforms and if T's if that's meme points, if that's AI, it's really wherever.
23:17
[SPEAKER_01]: the the puck's going.
23:19
[SPEAKER_01]: That's where we want to be.
23:20
[SPEAKER_01]: That's what we want to do.
23:22
[SPEAKER_01]: Just really let's take a look at the chat as well to see if anybody's in here calling it out.
23:29
[SPEAKER_01]: A little bit of people are asking what we're talking about right now.
23:31
[SPEAKER_01]: What we're talking about NFTs.
23:32
[SPEAKER_01]: We're talking about memecoins.
23:34
[SPEAKER_01]: Tiva's car currently has been down and out.
23:38
[SPEAKER_01]: So we're trying to work with him a little bit as he figures that out.
23:41
[SPEAKER_01]: I have a feeling he's going to be back very soon.
23:44
[SPEAKER_01]: Where's everyone from asking the chat because we always have we always have somebody from another country or another continent on here exciting stuff We have of the CC we're back baby port Elizabeth South so we got some we got some people all over the globe always love to see that
24:04
[SPEAKER_01]: and we will jump on over here, curious about what everyone's thoughts are of the market as well.
24:11
[SPEAKER_01]: So if you're following the crypto market as close as we are every single week, love to know kind of what you have your eyes on, what you want us to talk about certain tokens that maybe aren't of the norm outside of the Bitcoin and the Ethereum's and something that's caught your eye.
24:26
[SPEAKER_01]: Because that's what we're trying to do.
24:27
[SPEAKER_01]: We're trying to find the best opportunities in what we're giving at the present moment and there's been just a lot of interesting opportunity here.
24:37
[SPEAKER_01]: in the entire crypto space just with if you're if you're just interested and you want to hold on to the gold standards, the macros, the bitcoins, not many people will argue with you there, but again, there's a lot of fun opportunities as well.
24:52
[SPEAKER_01]: There's a lot of unique ways to earn yield.
24:54
[SPEAKER_01]: There's a lot of unique platforms.
24:56
[SPEAKER_01]: There's air drop opportunities because this crypto space is growing.
25:00
[SPEAKER_01]: It's evolving every single day.
25:03
[SPEAKER_01]: So we're going to jump in.
25:04
[SPEAKER_01]: We're going
25:07
[SPEAKER_01]: The tweets here that Tevo saved while he's still working out his car situation.
25:12
[SPEAKER_01]: And we are going to talk about the overall market capital we share my screen again.
25:19
[SPEAKER_01]: Take a look.
25:20
[SPEAKER_01]: So the market, the total crypto market cap is added 310 billion in just a month.
25:26
[SPEAKER_01]: And that just goes to show you.
25:28
[SPEAKER_01]: That there's interest here.
25:30
[SPEAKER_01]: You know, whenever we're in a really volatile period and just we're just getting waxed in everybody's kind of looking around like what's the next opportunity.
25:38
[SPEAKER_01]: What's going on with crypto is Bitcoin's dead got to realize that some of the best opportunities to buy some of the assets that you're really looking.
25:46
[SPEAKER_01]: you're looking into because I'm a big believer in the space, I'm a big believer in the crypto space, I'm a big believer in the web three space in how it's going to disrupt the entire world in so many different ways.
25:56
[SPEAKER_01]: And as the market starts to pick up, as people start to get more excited, which they should because it's such a disruptive technology.
26:03
[SPEAKER_01]: We start to see more money flowing, more liquidity flowing, and it just makes people more excited.
26:08
[SPEAKER_01]: It makes institutions who have been buying our bags when we're in the 60s, when we're in the 70s.
26:14
[SPEAKER_01]: They've just been acquiring, acquiring, and retail's left.
26:18
[SPEAKER_01]: We've talked about that on the rundown when retail leaves like that.
26:22
[SPEAKER_01]: We see more institutions continue buying.
26:25
[SPEAKER_01]: There's our guy, Tvo.
26:26
[SPEAKER_01]: I'm just verbally vomiting on about the market here.
26:28
[SPEAKER_01]: My guy, we start to see retail leave.
26:31
[SPEAKER_01]: Now, when the institutions start coming and when the institutions continue buying, we start to see the price going up and up and up.
26:39
[SPEAKER_01]: Retail starts to foam up back in.
26:41
[SPEAKER_01]: And that's when we start to see the crypto majors going up.
26:43
[SPEAKER_01]: That's when we start to see NFTs going up in meme points.
26:46
[SPEAKER_01]: Tvo, how's the car?
26:49
[SPEAKER_01]: It's a disaster out there, everybody.
26:51
[SPEAKER_02]: It's just, it's an absolute disaster.
26:54
[SPEAKER_02]: We don't know how much money we're having to buy the dip after this one's over, but any penny is under the couch, we'll go to it.
27:01
[SPEAKER_02]: I mean, did you play the video or no?
27:04
[SPEAKER_01]: No, no, I talked about number six or four and five and then you can go to seven.
27:10
[SPEAKER_02]: Okay, cool.
27:11
[SPEAKER_02]: Let's go down to seven.
27:13
[SPEAKER_02]: That's the answer.
27:13
[SPEAKER_02]: You go over the funding rates.
27:16
[SPEAKER_01]: Oh, no, I did not.
27:17
[SPEAKER_02]: Okay, so that's probably I did the momentum money maker stuff got it cool and then you went over just went over six I did not okay, so adding to that This is tough Funding rates.
27:34
[SPEAKER_02]: This is stuff.
27:35
[SPEAKER_02]: This is sent from front of the show fearless leader Bryce Paul.
27:38
[SPEAKER_02]: What we're seeing from a traders perspective is how funding rates
27:42
[SPEAKER_02]: or basically pretty low.
27:44
[SPEAKER_02]: And so when funding rates are low, traditionally there's a chart here that I found that they have these trading lines, a little warm up for Friday.
27:51
[SPEAKER_02]: So Friday we're gonna have Brendan we're gonna do a full technical analysis, micro bull run deep dive.
27:56
[SPEAKER_02]: But you can see here in this chart, it's been in this falling channel with similar metrics and then it looks like this 7834 finally pierced the upward sense of the channel.
28:07
[SPEAKER_02]: So if you pair that with how funding rates are sorry, I'm sharing the wrong screen.
28:11
[SPEAKER_02]: There's the channel.
28:12
[SPEAKER_02]: So we're peace ring it piercing out around 70,000 34 piercing out of that channel and then you pair that with this one, which I was just sharing is the funding rates were negative whenever you see these little red lines and the funding rates get negative you know you kind of chart that more often than not a solid time to buy at least there's at least you know the interesting thing is this last little blip here of red is major compared to
28:35
[SPEAKER_02]: going all the way back to October of 2023.
28:39
[SPEAKER_02]: So the traders are getting excited.
28:41
[SPEAKER_02]: Funding rates are negative.
28:43
[SPEAKER_02]: The bulls are on parade and when funding makes negative, that's basically a kindling.
28:47
[SPEAKER_02]: That's a kindling of what could explode higher when these short start piling in and the funding rates go higher or low.
28:56
[SPEAKER_02]: There's reason for whales to possibly be buying this dip.
29:00
[SPEAKER_02]: And it kind of just gives a lot of rocket fuel to the upside.
29:04
[SPEAKER_01]: If these bears and shorts get caught off side, yeah, I mean, we just talked about it with last week where the biggest whale buys 45,000 Bitcoin or something in one week were bought by whales, anybody that holds anywhere between 10 Bitcoin or 100 or a thousand Bitcoin.
29:19
[SPEAKER_01]: So, or 100, 100 Bitcoin a wall to a thousand and they've absolutely been gobbling it up.
29:25
[SPEAKER_01]: And one thing that we want to call out is when we hit pretty much Bitcoin's local all-time high
29:33
[SPEAKER_01]: They sold another buying back because they're probably looking for that next leg up.
29:37
[SPEAKER_02]: Yep, that's what everybody's looking for, especially when you got a big car built.
29:40
[SPEAKER_01]: way.
29:41
[SPEAKER_01]: Oh, man.
29:41
[SPEAKER_02]: I couldn't imagine like your boy.
29:44
[SPEAKER_02]: But the show must go on.
29:45
[SPEAKER_02]: That's the fun thing about life shows is truly anything can happen.
29:49
[SPEAKER_02]: Let's go over to a friend of the show Mike Novigrat from Galaxy had some some talks about is is sailor causing his own Bitcoin supply shock.
30:00
[SPEAKER_02]: Something that has been wildly debated is sailor continues to buy every week.
30:05
[SPEAKER_02]: Let's hear what Mike has to say.
30:07
[SPEAKER_02]: We can react and then go over what sailor bought this week.
30:12
[SPEAKER_00]: U.S. retail has come back, carried out a story, and you see it through the, yes, but most you see it through micro strategy.
30:21
[SPEAKER_00]: Sailor the wizard of micro strategy, micro stailer is back, and he is selling stock, and he is selling perpetuals, and he is buying Bitcoin, and his premium is expanding not contracting.
30:35
[SPEAKER_00]: What it means by now, you're
30:37
[SPEAKER_00]: 130 times NAV, his MNAV is one-thirty relative to the Bitcoinium, and so he can sell microstrategy and make money, you know, great yield, as he says, for his investors, he dilutes his new investors, current investors, and dilutes his new investors, and it's a
31:07
[SPEAKER_00]: a strategy that he has almost the only guy that actually has the strategy built in.
31:16
[SPEAKER_00]: You know, he had all these other debts that tried it, they all traded discounts.
31:20
[SPEAKER_00]: But Michael has managed to create this cult of people that trust him and that by micro strategy as their Bitcoin proxy, they buy it as micro strategy and it's working.
31:35
[SPEAKER_00]: And that is, I mean, he bought two and a half billion dollars a Bitcoin last.
31:38
[SPEAKER_00]: There's not enough supply to eat up a billion a month from my a billion a week from micro spell.
31:44
[SPEAKER_02]: There's not enough supply.
31:45
[SPEAKER_02]: There's not enough supply to go a billion a week.
31:48
[SPEAKER_02]: I don't think he's been doing a billion a week for the entire drawdown here, but most recently he's been doing a lot.
31:56
[SPEAKER_02]: And it might average out to that soon enough until the point where I remember last week we covered it was like 2.3 billion.
32:02
[SPEAKER_02]: This week it was a quarter of a billion, 225 million dollars of Bitcoin acquired for strategy.
32:11
[SPEAKER_02]: And then we can't forget, of course, after an epic rundown on Friday, front of the show, Tom Lee continues to buy Ethereum.
32:21
[SPEAKER_02]: Interesting point from Tom Lee's buys buying directly from the Ethereum foundation.
32:25
[SPEAKER_02]: Do you like or dislike that, Brian?
32:27
[SPEAKER_02]: I feel like that could be a pointed debate.
32:30
[SPEAKER_01]: Yeah, that's a good question.
32:32
[SPEAKER_01]: I'm neutral, I'm neutral about it.
32:34
[SPEAKER_01]: They're buying it from, I mean, it's better than the Ethereum Foundation, I guess selling on the open markets.
32:39
[SPEAKER_01]: So to, you know, diamond hands, Tom Lee of the Ethereum world here, but I could see both sides of the story that you, you know, the Ethereum Foundation selling Ethereum, but we don't know, we don't know why or how that is.
32:53
[SPEAKER_01]: And it's an over-the-counter deal, so it's going to have a little bit less impact on the price.
32:58
[SPEAKER_01]: But you know, hey, let's give it to Tom Lee, because I don't think he's selling anytime soon.
33:02
[SPEAKER_01]: He's the Michael Salor of Ethereum.
33:05
[SPEAKER_02]: Hmm, that's a fair point.
33:06
[SPEAKER_02]: That's a fair point.
33:07
[SPEAKER_02]: It's interesting to have two permables, if you will, on both Bitcoin and Ethereum.
33:14
[SPEAKER_02]: So for the Bitcoin, I mean, I feel like the supply shock thing is something that is obviously always a talking point in the crypto community, especially ramps up during the having.
33:26
[SPEAKER_02]: And I don't know, you can definitely play.
33:29
[SPEAKER_02]: You could have that bull bear argument where
33:32
[SPEAKER_02]: you know, why isn't and why hasn't it almost already happened like sailors buying at the ETFs holding strong inflows like we've covered on this show.
33:41
[SPEAKER_02]: So where is this supply shock and I think you can make the case that, you know, some might say, oh, it's happened.
33:47
[SPEAKER_02]: Look at the history of Bitcoin, but also I think you can make the case with these, you know, these trading deaths and these OTC deaths are maybe suppressing the price a little.
33:56
[SPEAKER_01]: Yeah, I mean, they're definitely a case there.
33:58
[SPEAKER_01]: I mean, back to Michael Sailer.
34:01
[SPEAKER_01]: He's absolutely in Bees mode, what did Novograt say?
34:04
[SPEAKER_01]: There's something 130 X premium to the nav.
34:07
[SPEAKER_01]: It crazy.
34:08
[SPEAKER_01]: And with US retail truly flooding in, like we hope there are, they're treating micro strategy as like one of their go-to Bitcoin proxies.
34:18
[SPEAKER_01]: So his weekly demand is now so massive.
34:21
[SPEAKER_01]: that there isn't enough supply left to absorb it, and that's what, that's what Nova grads is saying, but you're right.
34:26
[SPEAKER_01]: If you're buying over the counter, it's not going to affect the price as much.
34:32
[SPEAKER_01]: But again, I've been this as a long-term game.
34:34
[SPEAKER_01]: I guess we're talking more like we want these sales, these buys to, you know, shoot us out multiple percent every day.
34:41
[SPEAKER_01]: But I think this is getting distributed in places where probably
34:50
[SPEAKER_02]: Yeah, we're all waiting for that snowball, uh, because when it does happen and Bitcoin breaks through and goes to the bananas own, Papa's got a brand new van and we'll take that literally because my car is broken.
35:04
[SPEAKER_02]: That is the theme of this episode, if everybody joining his live, we truly appreciate it as we've bounced all over our normal rundown schedule.
35:13
[SPEAKER_02]: Uh, did the people enjoy the NFT momentum money maker segment Brian or a lot of winners there?
35:18
[SPEAKER_01]: Uh, I'm not sure.
35:19
[SPEAKER_01]: I hope that people enjoyed it.
35:20
[SPEAKER_01]: Yeah, there were some winners.
35:21
[SPEAKER_01]: I mean, there's some winners.
35:22
[SPEAKER_01]: I don't know how you can't be excited about where we could be going.
35:26
[SPEAKER_01]: The whole, the whole story team I was going is that we're starting to see more attention and risk on assets for a long time here.
35:33
[SPEAKER_01]: We were scrambling there wasn't a lot of action on chain.
35:37
[SPEAKER_01]: I was saying from multiple rundowns that like, hey, there's just not a lot of action on chain, but people want to, I don't want to say they want to gamble a little bit in certain opportunities with like meme coins in to NFTs to one extent, but as the market stabilizes and continues to grow people are looking to get into more risk on assets.
35:58
[SPEAKER_01]: and some people look at just the the crypto majors as risk on while myself is I look like that's one like that's like my nest egg you know it's not risk on enough so that's why I go over to the NFT memeworld and there's a lot of people like me as well and they're starting to pop off so it's exciting to see because I think it's just a snapshot to show where we could be headed uh because things could really start to move very very quickly in both
36:24
[SPEAKER_01]: the crypto majors, and in meme coins, NFTs, AI, all of the sectors.
36:30
[SPEAKER_02]: Yeah, I agree with you.
36:33
[SPEAKER_02]: I just, there's something to be said about these, uh, the semi-conductor trade, man, and the, the, the data center trade.
36:40
[SPEAKER_02]: I mean, these things are going crazy.
36:41
[SPEAKER_02]: So I feel like there's, uh, there's a wait for rotation, right, capital rotates, which I've been a huge proponent of.
36:48
[SPEAKER_02]: of why the Nasdaq, the S&P continued to go to all-time highs even though we went through a quote unquote war and we're looking in possible higher inflation and the market just keeps climbing these wall of worries to the upside and there's a lot of bears out there that are in despair.
37:02
[SPEAKER_02]: The bears are in despair.
37:03
[SPEAKER_02]: And they're wondering why the markets in total didn't fall out of bed during this and it's because the money just rotated right a little bit came out of tech a lot came out of software Bitcoin got tied up into the IGV and it rolled into you know some oil stocks and maybe some staples and now it's kind of reversing right you're starting to see it go into this semiconductor trade.
37:25
[SPEAKER_02]: the socks, ETF, the SMH, I'll just continue to rock at crazy numbers, 40% a month.
37:32
[SPEAKER_02]: So, you know, eventually in theory, like, you know, money rotates.
37:36
[SPEAKER_02]: So when that trade ends, where's the next wrist on asset?
37:38
[SPEAKER_02]: And I, I believe that crypto is lining itself up, Bitcoin, Ethereum.
37:42
[SPEAKER_02]: And other cryptos as well to to take the leap at some point once again and be the bell of the ball Because it's all just kind of rotating the money is got to go somewhere and and I like I like where cryptos setting up to possibly receive the next rotation for risk on
37:59
[SPEAKER_01]: Well said, man, I'm ready for risk on, bring it to us because that's it can get real crazy real quick and if you are paying it's close attention as everybody in our community, there's there's several opportunities every single week and that's why we love what we do and that's why everyone should tune in at the minimum.
38:18
[SPEAKER_01]: You got tuned into the rundown because I feel like the more consistent I've been doing this with Tevo every time I come away from a rundown, he gives me some hot tip and is doing great.
38:27
[SPEAKER_01]: So it's a reason to certainly watch the rundown.
38:30
[SPEAKER_01]: I would call out the Robin Hood trade again because it's just like the most epic of all time, but everyone's got sharpest in the chat because we talk about it so much, but it was just such a killer call at the time.
38:40
[SPEAKER_01]: Hey, talk about it.
38:42
[SPEAKER_02]: Be about it.
38:43
[SPEAKER_02]: I live in the robin hood trade as we speak of it for those that listen the for those who know you know but I think that we do a great job and we're honest you know the pain trades higher you got a free ten you know twelve percent ripper if you've been listening for a month there and we'll continue to cover that.
39:00
[SPEAKER_02]: I think a contentious point of debate, which we're going to dive into now, and we've covered on this show, we'll continue to cover it's a fluid debate, and I think some of the smartest people in the world and the smartest people in history, you have the ability to change your opinion, whether it's a trade, whether it's an opinion about anything, the food you like, the trade you want to do, anything.
39:20
[SPEAKER_02]: I think the smartest people in the world reserve the right to get new information and change their opinion, because a lot of the feedback we got in the
39:28
[SPEAKER_02]: We were all over Trump or Trump, Trump, Trump, and then they took it more politically than the crypto to me.
39:33
[SPEAKER_02]: And I thought we were pro-Trump, if you will, just for the crypto revolution that he was seemingly leading in the David Sachs of the world and went to bring regulation to the world.
39:44
[SPEAKER_02]: And the clarity acts of the world, and the genius acts of the world.
39:47
[SPEAKER_02]: And we're getting part of that, and we're getting not as great price action.
39:52
[SPEAKER_02]: We're seeing some things that you could, if you're the most straight down the middle person, you could say, hey, we got to bait this.
39:58
[SPEAKER_02]: A little bit of red flag here, like world liberty fire, the meme coins, and there's some gray areas going on right now.
40:04
[SPEAKER_02]: And so I think this is important just to have a healthy debate.
40:08
[SPEAKER_02]: The graphic for the Trump conference, which is this past Saturday, I believe in Marlago.
40:14
[SPEAKER_02]: Here's the graphic, the intent.
40:15
[SPEAKER_02]: I didn't get too much out of what came out of the meeting if you say, like not too many talking points, other than Trump saying the following, we're gonna circle back to this graphic, but Trump said a couple things, here's the first.
40:30
[SPEAKER_02]: is an obligation to make sure that all the industries do well.
40:34
[SPEAKER_02]: Cryptos are big industry feels an obligation, quote unquote, obligation to the crypto industry.
40:38
[SPEAKER_02]: He also says that Mara Logo, the gathering, excuse me, that banks won't derail the clarity act.
40:45
[SPEAKER_02]: So taking aside and saying the banks won't be the ones to derail that.
40:49
[SPEAKER_02]: Those are the two main things that came out of his weekend.
40:54
[SPEAKER_02]: uh... in florida and marilago crypto base before he took a flight to uh... dc and then there was some wild stuff that went on which i'm sure if you're any adult that reads a newspaper or watches the news you saw what happened there we're not going to talk about that um... but for the trump meme coin holders uh... what did you take away from those two let's start with the statements brine would you take away from those two statements the banks won't
41:24
[SPEAKER_01]: Yeah, we have to take it with a grain of salt right because Trump says a lot of stuff out there, you know, and he definitely puts it out there, work in the media, work in the people he's trying to appease, but I don't think there's any denying that he, in that same interview, I don't think it's showing on the clip, he really leaned into how it's an, it's an arms race with crypto and AI and it's against China, and I think that's a really important thing for people to understand that,
41:49
[SPEAKER_01]: Certain people within the administration and the powers within the crypto space look at this is a real arms race Like we want to be a world leader in AI We want to be a world leader in crypto And if you get behind any of those two early you might never catch up again So that's why I'm a big fan of these comments because yes
42:09
[SPEAKER_01]: I do believe that there's a lot of people who held crypto, he got the crypto vote, that he does owe us some sort of success.
42:18
[SPEAKER_01]: So it's good to hear that he's still talking about it, you know, within his administration, you know, if he went completely silent on it, that would sound alarms.
42:27
[SPEAKER_01]: And we've heard him go a little silent on it, but now he's coming back and he's saying that he really wants crypto success and he's cited a lot of different reasons why that's
42:38
[SPEAKER_01]: It's a huge deal, guys.
42:40
[SPEAKER_01]: I mean, we really want this clarity act to happen to in 26.
42:43
[SPEAKER_01]: And I've gone on the record several times saying is that we need this to probably happen before midterms.
42:48
[SPEAKER_01]: There's some people saying that, you know, it could get signed in May, be ready to roll.
42:53
[SPEAKER_01]: So fingers crossed that happens.
42:55
[SPEAKER_01]: But Trump definitely seems to even pick a side here.
42:58
[SPEAKER_01]: You know, I would, if you told me a few months ago, I would have said he would probably pick the side of the banks for some reason, just because the banking industry is so powerful, and he's probably so intertwined there.
43:10
[SPEAKER_01]: But he's really seems to be leaning in with the crypto people, and
43:16
[SPEAKER_01]: We'll see.
43:16
[SPEAKER_01]: We need to happen.
43:17
[SPEAKER_01]: We wanted to happen.
43:19
[SPEAKER_01]: So to put a ball on it, I think it's great that he's calling out crypto and AI success in a path to do that and he's also still talking about the clarity act because that's going to be a huge deal for the year 2026.
43:32
[SPEAKER_02]: Great points.
43:32
[SPEAKER_02]: He's cited verbally with the quote unquote crypto community against the banks, but what will what's being said behind closed doors and the meetings that me and you can't get into is the most important not necessarily the final quote on the tarmac before heading on to air force one.
43:49
[SPEAKER_02]: We need results.
43:50
[SPEAKER_02]: We need to see it.
43:51
[SPEAKER_02]: We brought up the odds last week.
43:54
[SPEAKER_02]: We did we dipped in.
43:55
[SPEAKER_02]: We covered it last week.
43:56
[SPEAKER_02]: We saw that.
43:57
[SPEAKER_02]: little flash crash down to the 30s and it was like 38.
44:00
[SPEAKER_02]: And I got in in the low 40s.
44:03
[SPEAKER_02]: So up to 40% officially in officially in on the crypto 101 podcast, not personal financial advice, definitely not investing advice, betting markets, basically gambling, but I am taking a side of the Clarity Act signed into law.
44:19
[SPEAKER_02]: I took two bets, right?
44:20
[SPEAKER_02]: I took the any time before 2026 and
44:26
[SPEAKER_01]: Oh, that you sent me the you to just further double down on this TV did send me the screenshot so I know this is verified He's in but I did not know that you have it with exposure to before August That's an interesting bet because I feel like it really has to happen before August.
44:43
[SPEAKER_01]: That's my vibe
44:44
[SPEAKER_02]: Clarity Act buys before 2027, which will be January 1st, 2027, or 31st, 2066, whatever.
44:53
[SPEAKER_02]: And then before August 1st, confirmed yes.
44:56
[SPEAKER_02]: I confirmed yes.
44:58
[SPEAKER_02]: So a little extra juice there as the kids like to say.
45:02
[SPEAKER_02]: Now speaking of kids,
45:05
[SPEAKER_02]: this graphic reminded me of for all the commenters that I was just pro trouble.
45:12
[SPEAKER_02]: Let me say what I think of this graphic.
45:13
[SPEAKER_02]: This graphic reminded me I think I was in like third grade and we had a presentation on the presidents and you had to bring in like a cardboard cut out of all the different presidents with a fun fact.
45:23
[SPEAKER_02]: And it was due Monday, you know, it was one of those, you know, third grade, it was like a one month project, you had one month to do it.
45:32
[SPEAKER_02]: And it was the Sunday night before it was due and I realized I didn't do it.
45:37
[SPEAKER_02]: And I didn't know what to do.
45:38
[SPEAKER_02]: So I just went to my mom and cried and I told her and she went to AC more arts and crafts Sunday evening like 5 p.m. and bought all the crafts and did it for me and yelled at me for waiting to the last minute.
45:52
[SPEAKER_02]: That's what this graphic looks like, a project that was due on Monday, you had a month to do it, and you didn't do it until the night before.
46:00
[SPEAKER_02]: What's going on here, Brian?
46:01
[SPEAKER_02]: What do you think of the graphic?
46:03
[SPEAKER_02]: What do you think of the, the people on it, fascinating?
46:06
[SPEAKER_01]: I was trying to get a really clear look here.
46:08
[SPEAKER_01]: I got to bring it back up.
46:10
[SPEAKER_01]: I was trying to get a clear look because it looks like that picture Trump just tracks me up.
46:16
[SPEAKER_01]: He's like this little orange guy in the middle there with a grumpy face.
46:19
[SPEAKER_01]: It just kills me.
46:20
[SPEAKER_01]: But there's some heavy hitters on that page, that's for sure.
46:23
[SPEAKER_02]: See Kathy Wood, see Kathy put a grand Cardone Tony Robbins in the building Tony Robbins dipping into crypto.
46:34
[SPEAKER_02]: I'm seeing say I adds to that guys first to everything to start marketing whatever gets you in the funnel sales funnel legend T are there We got Tim Draper, but then right next to Mike Tyson interesting do all right there
46:49
[SPEAKER_02]: I I need to see a clip of Mike Tyson actually being there.
46:53
[SPEAKER_02]: I think Pomp was on there is Pomp on there.
46:57
[SPEAKER_02]: I think he was
46:57
[SPEAKER_02]: Yeah, bottom left bottom left to embarrass you.
47:00
[SPEAKER_02]: Poms on there, so I don't really know.
47:03
[SPEAKER_02]: I don't take much from it.
47:05
[SPEAKER_02]: I know that the banking committee and the the reason that the Clarity Act might get held up is they want to add stuff into the Clarity Act that, you know, bands, politicians, and sitting presidents and their families from benefiting from things like meme coins and different things in the crypto space.
47:20
[SPEAKER_02]: So the problem with
47:23
[SPEAKER_02]: The Clarity Act is there's things that we really, really want out of it as the crypto community and then there's things and the president says he's pushing for it, but then the president and his family are also doing things that are raising red flags that the opposing side does not want to happen and wants to be put into law with the Clarity Act.
47:39
[SPEAKER_02]: even if the there's certain things like stable coins that are bipartisan issue there's certain actions that the administration seem to be doing um... that are are going to give the opposing side some ammo in my in my opinion again this is my personal opinion it does not reflect the opinion of crypto one one or you know crypto nation or anything it's i feel that the you're giving too much ammo to hold this thing up
48:03
[SPEAKER_02]: You're giving Elizabeth Warren too much ammo like this whole like buy the Trump coin to get access So you could make the case that this is access to a sitting president.
48:12
[SPEAKER_02]: How do you get access to the sitting president you buy his thing?
48:16
[SPEAKER_02]: You know the Trump coin whatever and I'm just and son obviously Was trying to did that successfully and got a part in out of it now.
48:23
[SPEAKER_02]: He's suing and he's unhappy But he got his partens
48:27
[SPEAKER_02]: So it just it seems there's a huge gray area and I only took one class of political science at the University of Delaware so I can't dive into it on an expert level of what constitutes access to a sitting president versus just a project that's the family has, you know, it's like it's such a gray area.
48:48
[SPEAKER_01]: Yeah, this is always been a worry of mine.
48:52
[SPEAKER_01]: They're not a major worry, but as deeper and deeper as the Trump family gets into crypto with their own meme coins, world liberty financial, with prediction markets, it makes crypto, which I 100% should be a bipartisan issue.
49:07
[SPEAKER_01]: Think Republicans, Democrats, independents, whoever you are, I think should really look equipped on the foundation of blockchain of how important it is to all these different industries and how important it is for us as a country.
49:19
[SPEAKER_01]: when you get somebody that's as polarizing and pretty much on one side hated as much as Trump and the Trump family and they're making millions and billions of dollars on meme coins and worldly financial and they have these like special dinners and deals that all of a sudden people that maybe that were on the left
49:38
[SPEAKER_01]: Now are like that were neutral crypto are now like yeah, we don't need this especially with him At the lead so I won't crypto to stay a bipartisan issue.
49:49
[SPEAKER_01]: I wouldn't be upset if Trump's Direct involvement with crypto would you know take a few steps back, but he still continued to endorse the crypto industry
49:59
[SPEAKER_01]: I don't know, I mean, Trump was like, he's launched 4 NFT projects, but it's not even the meme coin, like you want to say NFT projects, you don't want to just meme coins.
50:07
[SPEAKER_01]: So I think crypto needs to stay as bipartisan as possible.
50:10
[SPEAKER_01]: That's my personal opinion.
50:13
[SPEAKER_02]: Yep, I think we're on the same page there and you want people to come in and help, you want people to drive the conversation, which, again, and all fairness that they did, they started early with those executive orders, but we're looking, you know, two years coming about, two years in, heading to midterms, you know, that quote of, I feel the obligation for the crypto industry is like, he's going to want to tap on that base to go tell people to vote for whoever they want to vote for in the midterms.
50:36
[SPEAKER_02]: And I feel like the majority of us are waiting to be okay, but you've got to deliver on some of the things first, you know, the overall things executive meeting thing definitely put things in motion, but we got to get some things across the finish line and your boy needs it done before August first when it comes to the
50:52
[SPEAKER_02]: clarity acts as a that we will monitor for the crypto 101 podcast so I thought that was a fun conversation something will continue to talk about let us know your thoughts in the comments please everybody's opinions are welcome here at crypto 101 we love to hear it and we'll finish up with
51:11
[SPEAKER_02]: I thought this was, we'll save the X app, that's a quick hitter, so we'll hit that.
51:16
[SPEAKER_02]: The X app, we kind of covered, they dropped some new tags on X where you can do some charting.
51:22
[SPEAKER_02]: Covered that with Brendan and it was like, hey, they're not doing that just to show some technical analysis.
51:27
[SPEAKER_02]: Like, this looks like the kind of first roll out of something when it comes to X being the everything app and possibly being a money and banking tool, so there's some rumors that early testers,
51:39
[SPEAKER_02]: have been running in, I'm sorry, I've been using Elon Musk X money banking tool.
51:46
[SPEAKER_02]: So some some early users are reporting, these are just reports, 3% cash back, which makes me feel there's some type of credit card option, and then 6% interest on savings, which that is, that is huge.
51:58
[SPEAKER_02]: I mean, I don't know if that's a rolling rate of APR there, but that's that's definitely way above the industry standard for banking.
52:09
[SPEAKER_01]: And we had confirmation yet that there's crypto rails to this.
52:12
[SPEAKER_01]: I think I'm assuming there is, but is there a confirmation, no cover.
52:16
[SPEAKER_02]: I this has been pretty tight.
52:19
[SPEAKER_02]: I feel like it's like one of those things like everybody knows it's what he wants to do and we've covered it.
52:25
[SPEAKER_02]: I mean, at this point, it's got to be a year ago.
52:27
[SPEAKER_02]: It's hard to track time, just times, time, sometimes goes by so fast or so slow.
52:34
[SPEAKER_02]: But I feel like like we were reporting on X was getting their banking license in different states.
52:40
[SPEAKER_02]: Yeah, you were reporting on that, but it was a while ago, and that's when we K the thesis is like the everything at money banking, and then it went very, very quiet.
52:49
[SPEAKER_02]: There hasn't been much news until they rolled out these new cash tags, which has like technical analysis features to them, and then now these reports are people are are testing it and using it for real.
53:00
[SPEAKER_02]: So we will obviously continue to cover it.
53:04
[SPEAKER_01]: Yeah, I don't think this is going to be bearish for crypto at all.
53:07
[SPEAKER_01]: There's going to be some sort of, I mean, not confirmed.
53:09
[SPEAKER_01]: I imagine there's some sort of utilization here, which is just going to further drive attention and adoption.
53:17
[SPEAKER_02]: Yeah.
53:18
[SPEAKER_02]: And for our final topic and brace the bay, a dev proposed a new Bitcoin fork that would technically redistribute Satoshi's tokens.
53:27
[SPEAKER_02]: My God.
53:29
[SPEAKER_02]: I guess the thesis is, I looked,
53:32
[SPEAKER_02]: Did you see this, Brian?
53:33
[SPEAKER_02]: Yeah.
53:33
[SPEAKER_01]: Yeah.
53:34
[SPEAKER_02]: I can overview of it.
53:36
[SPEAKER_01]: I can toss.
53:37
[SPEAKER_01]: Yeah.
53:37
[SPEAKER_01]: Cover it.
53:38
[SPEAKER_01]: Yeah.
53:39
[SPEAKER_01]: Yeah.
53:40
[SPEAKER_01]: So this Bitcoin developers revealed this fourth proposal for a new e-cash network that would snapshot the current Bitcoin ledger and airdrop one to one e-cash tokens to every Bitcoin holder.
53:53
[SPEAKER_01]: So think like four Bitcoin would be equivalent of four e-cash.
53:57
[SPEAKER_01]: The plan leaves Satoshi's 1.1 billion, so Satoshi's 1.1 million Bitcoin untouched on the original chain, so there won't be any seizure, there won't be any redistribution, while his new side chain will add privacy features, drive-skating trailing, and a dev fund.
54:16
[SPEAKER_01]: But Bitcoiners are not really that happy with this.
54:20
[SPEAKER_01]: They're not feeling this E-cash fork at all.
54:23
[SPEAKER_01]: Um, there was, I was going through the, the replies a little bit and people were calling it theft.
54:28
[SPEAKER_01]: They've calmingism on blockchain and direct attack on property rights.
54:34
[SPEAKER_01]: Uh, we're, we're going to have to see people are trying to figure out a solution here.
54:38
[SPEAKER_01]: And I think that's the biggest.
54:40
[SPEAKER_01]: It's a whole big issue with the, with these OG coins and the fear of quantum, quantum computing.
54:45
[SPEAKER_01]: We've talked about this.
54:46
[SPEAKER_01]: It's not because we don't have a way to fix this.
54:50
[SPEAKER_01]: it's because there's no like CEO of Bitcoin.
54:54
[SPEAKER_01]: It's the beauty of it in a pain point of it as well.
54:56
[SPEAKER_01]: So people have to align with what we're going to do here.
55:01
[SPEAKER_01]: on the plus side, on the pro side of things, it's great to see that there's solutions here for Satoshi's coins and these other bitcoins.
55:09
[SPEAKER_01]: But on the negative, I get it, like your snap shot in the Bitcoin ledger and air drop in your your fork in Bitcoin, pure as a Bitcoin aren't going to love that.
55:17
[SPEAKER_01]: But something with constant computing and protections is going to have to happen.
55:21
[SPEAKER_01]: So this is interesting, I think they're trying to come up with solutions.
55:24
[SPEAKER_01]: I'm not sure if this
55:29
[SPEAKER_02]: Great breakdown.
55:30
[SPEAKER_02]: I think a top comment for sure would be once the coat.
55:34
[SPEAKER_02]: Once the toe she's coins are touched by anybody other than the original owner of the wallet, which I guess you know, or whatever has the passcode is is the end of a Bitcoin if there's a forced distribution, you know, that kind of goes against the principles there.
55:48
[SPEAKER_02]: And a great kind of tie-in to the top of the show where Tether froze, you know, 344 million.
55:53
[SPEAKER_02]: That's, you know, again, that's not what the Bitcoin network
55:57
[SPEAKER_02]: It's, uh, so yeah, I'm not, I'm not in on the e-cash.
56:01
[SPEAKER_02]: I mean, if you're going to give me a free air drop and then it takes off, I'm not going to not be devastated, but I don't think this is going to get a ton of, uh, ton of traction to you.
56:11
[SPEAKER_01]: I don't, I don't, I like to see if the people are thinking outside of the box and it's trying to solve solutions and I think that's how you do anything.
56:18
[SPEAKER_01]: You know, you get, you get the whiteboard out, you start figuring some things out, you get some pros, some cons,
56:24
[SPEAKER_01]: A plan here.
56:26
[SPEAKER_01]: I feel like Craig Wright should just step up and if everybody doesn't know Craig writes the with the ability in our offshore and billionaire that claim to be Satoshi for years I think Craig Wright needs to step up and move his Satoshi coin to prove everybody wrong I do not believe Craig Wright's actually Satoshi Don't sue me Craig, but I just don't believe it and He needs to step up.
56:48
[SPEAKER_01]: He needs to move the coins really prove everyone wrong here.
56:51
[SPEAKER_01]: You know
56:52
[SPEAKER_02]: Yeah, it would be interesting in our lifetime to see like one bit coin get moved from so she's wild and see what see how much everybody freaks out.
57:02
[SPEAKER_02]: Um, but yeah, it'll be, it'll be interesting to track again.
57:05
[SPEAKER_02]: I agree with you.
57:06
[SPEAKER_02]: I like seeing people thinking outside the box, but let's focus back on the quance and thinking outside the box.
57:12
[SPEAKER_02]: Maybe stay away from, let's how, how we can be distributed to she's coins.
57:18
[SPEAKER_02]: final thoughts for the day I hand up on me I apologize to everybody you know we always try our best year got the car issue thank you Brian for doing was that 15 minutes of solo work well done and blacked out everyone I'm not exactly sure what I said but I believe it but blacked out we I wasn't ready for my blacked out but that a money makers continue have winners man it is what it is it's awesome to see you guys have success and all types of
57:48
[SPEAKER_02]: check the check the link below check out the one dollar trial and then Brian I'm going to put you on the spot here but we do have a fed decision Wednesday might you have some time to hop on we haven't gotten alive for a fed decision uh... in a while maybe maybe Wednesday we spend one back up hundred percent of it is my last chance
58:08
[SPEAKER_01]: It's a bet, Jared Powell, not wearing a purple tie and just basically setting money on fire because you only wears a purple tie.
58:18
[SPEAKER_01]: A baby, first last presser.
58:20
[SPEAKER_01]: I love that.
58:21
[SPEAKER_02]: It's just a baby, right?
58:23
[SPEAKER_01]: It's nice.
58:24
[SPEAKER_02]: Well, they're at there's in theory, it should be, but then if worst doesn't get confirmed, then the current chair continues on.
58:32
[SPEAKER_02]: So that's another bet you can make.
58:34
[SPEAKER_02]: Um, but yeah, let's try and get that done.
58:36
[SPEAKER_02]: I know that the last couple.
58:38
[SPEAKER_02]: I think we've had like we had a summit and then we had our in person.
58:41
[SPEAKER_02]: So we've been missing, uh, the lives for the fed share, uh, a fed share of news conference, which is always fun.
58:49
[SPEAKER_02]: Um, and maybe we can have some fun there on Wednesday, make up for a little bit of a rocky episode day.
58:54
[SPEAKER_02]: Due to my doing, um, and we can cover some other fun stuff in that.
58:58
[SPEAKER_02]: So,
58:58
[SPEAKER_02]: Let's aim for that.
58:59
[SPEAKER_02]: I'll post something in the community if we lock it in, and then Friday, technical analysis with Brendan a deep dive.
59:05
[SPEAKER_02]: We will re-go over the funding rates with him, something that he's really interested in along with the technicals and the charts.
59:12
[SPEAKER_02]: So thank you all for tuning in.
59:13
[SPEAKER_02]: Again, my final apologies for not being the best of shows, but we try our best here, and we will rebound as we always do.
59:20
[SPEAKER_02]: Thanks everybody.
59:21
[SPEAKER_02]: Happy Monday.
59:22
[SPEAKER_02]: Enjoy your week, and we will talk to you again this week.
59:24
[SPEAKER_02]: Very, very soon.
59:25
[SPEAKER_02]: That's all for now.
59:26
[SPEAKER_02]: Bye bye.