Latest / CRYPTO 101 / Crypto Rundown: Top 3 Dip Buys & Panic Sell vs Buy The Dip Strategy

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Crypto Rundown: Top 3 Dip Buys & Panic Sell vs Buy The Dip Strategy · CRYPTO 101

0:06
[SPEAKER_02]: Alright everybody welcome back to another crypto run-down list and crypto just crashed rebounded and left trader split Are we panic selling or are we gonna buy the dip we're breaking down the move the rebound and all the z-cash drama that everyone is talking about Because in a volatile market like this the difference between getting shaking out and a buying opportunity can happen fast
0:29
[SPEAKER_02]: So that's why we waited until Monday.
0:31
[SPEAKER_02]: There's a lot of blood in the streets on Friday.
0:33
[SPEAKER_02]: We tend to not jump in and do the hardcore volatility shows because you got to see how it evens out on the weekend.
0:39
[SPEAKER_02]: And sure enough, a little bit of a comeback.
0:41
[SPEAKER_02]: But Brian, I look behind me and the light is still on my friend.
0:45
[SPEAKER_02]: How was your weekend?
0:46
[SPEAKER_02]: And how are you navigating these volatile markets?
0:49
[SPEAKER_03]: Well, you know, you get the call for the rundown.
0:51
[SPEAKER_03]: You bring the permable on when it's needed most.
0:54
[SPEAKER_03]: And happy to be here in the markets, you know, Friday was a little bit of a downer of a day, certainly one of those days where I kind of wanted to not look at my phone and look at charts for a little while.
1:06
[SPEAKER_03]: and touch some grass as we like to say and see how the weekend was going to shake out and you're right uh... we we got some wash out there and in the stock market what the stock market on Friday was uh... and battered down as well you know i don't want to look at any portfolio's or think about the future of retiring on Friday but a little bounce back in the crypto market right now and again it's uh...
1:30
[SPEAKER_03]: It's an interesting time because there were some interesting trades out there.
1:34
[SPEAKER_03]: Even though I tried to peel away from the screens over the weekend, Tvo, there were certainly some interesting trades that were being shared in some groups that I'm in and just some friends batting some things back and forth.
1:45
[SPEAKER_03]: We're starting to find a little bit of stabilization here, but not out of the woods quite yet.
1:51
[SPEAKER_02]: Yeah, my internet's going in and out on me, but I agree with what you're saying.
1:55
[SPEAKER_02]: Nasdaq was what 3%, it was like the biggest one day move all year for the Nasdaq that was down.
2:02
[SPEAKER_02]: I'm gonna pull up coin market cap here, Brian, and let you take a look at it.
2:07
[SPEAKER_03]: Yeah, I can hear you, Steve.
2:08
[SPEAKER_03]: I got you.
2:09
[SPEAKER_03]: You know, a little bit of the Monday, the Monday tech glitches out there.
2:13
[SPEAKER_03]: Everybody's out there trying to check coin market cap and see what we are with prices.
2:17
[SPEAKER_03]: I don't blame them.
2:18
[SPEAKER_03]: and well, Tvo bounced on us, but why don't I share my screen a little bit?
2:24
[SPEAKER_03]: And I could show Coin Market Cap and exactly what's happening in the cryptocurrency market.
2:30
[SPEAKER_03]: And we can talk a little bit about that from that point on.
2:34
[SPEAKER_03]: So let me get set up.
2:36
[SPEAKER_03]: So I could talk with everybody here.
2:39
[SPEAKER_03]: And we can share the screen.
2:41
[SPEAKER_03]: Alright, Clean Market Cap right now, so hopefully everyone can hear me okay and you can see my screen.
2:46
[SPEAKER_03]: I don't have super-producer to tell me, but we're going to rock with it anyway, so Bitcoin right now right around that $63,000 mark.
2:54
[SPEAKER_03]: Let's say everyone, we flash below 60, things were looking pretty bleak there on Friday and particular, but we bounced back and right now sitting at like the 63, 64,000 dollar range a theorem with a little bit of a bounce back as well, you know, still down 14, 15% on the week, but you know, we're we're we're certain to stabilize, things are something to figure it out.
3:17
[SPEAKER_03]: I feel like the last time I was on the run down, and I was talking about salon and trading that $80 range.
3:21
[SPEAKER_03]: It just felt like it was in the channel.
3:23
[SPEAKER_03]: We lost it.
3:24
[SPEAKER_03]: Now we're kind of in the high 60s, but showing a little bit of a bounce back, but some of the clear winners out there on coins that we've talked about in the past are hyper liquid or the hype token.
3:36
[SPEAKER_03]: That that got all the way down.
3:38
[SPEAKER_03]: I think into the low 50s at one point.
3:40
[SPEAKER_03]: So now to see it kind of respond back into a 64-dollar range And still obviously is I think Friday was the first day.
3:48
[SPEAKER_03]: We've seen those ETFs the IPTFs have an outflow So we hopefully will see some more inflows, but it looks like it's a little bit of a strength
3:57
[SPEAKER_03]: And we're going to talk about it later in the rundown, unless you were kind of sleeping under a rock and I don't blame you because the markets were pretty rough there, Z-Cash, one of the most popular privacy coins out there had some interesting news out there and got all the way down to about 300 bucks.
4:16
[SPEAKER_03]: So we've seen the nice little bit of a rebound.
4:19
[SPEAKER_03]: We're going to talk a little bit more about that.
4:22
[SPEAKER_03]: Absolutely, but we're back.
4:24
[SPEAKER_03]: And we got actually Tevo back with Estevo.
4:26
[SPEAKER_03]: I just kind of rocked through the point market cap.
4:30
[SPEAKER_03]: How you doing over there with the internet?
4:31
[SPEAKER_02]: Good.
4:31
[SPEAKER_03]: It might come in through a little frozen on me, but I could hear you talking.
4:36
[SPEAKER_03]: So that's a win.
4:38
[SPEAKER_03]: That's all we need to do.
4:39
[SPEAKER_03]: That's all we need to do.
4:40
[SPEAKER_02]: Yeah, as long as you can hear me, we'll roll with it.
4:42
[SPEAKER_02]: Did you pull up the fear and greed?
4:44
[SPEAKER_03]: No, I was just, I just kind of went through some of the top macros out there in the, in the corn market cap, but we're looking at, but fear and greed, did we get all the way down?
4:52
[SPEAKER_03]: I think that we were in single digits for a while, huh?
4:54
[SPEAKER_02]: Yeah, I think we had extreme fear over the weekend.
4:57
[SPEAKER_02]: We got, we kissed 15s, we were looking at it last week.
5:01
[SPEAKER_02]: We were kind of hanging, obviously we broke neutral went down the fear, hit into that extreme fear.
5:06
[SPEAKER_02]: Obviously a lot of the price action makes a lot of sense.
5:08
[SPEAKER_02]: Everything was down.
5:10
[SPEAKER_02]: Bitcoin, Ethereum, Solana, and then even the high flyers broke, right?
5:13
[SPEAKER_02]: The ones we've been talking about on this program for a long time, your VVV is the hype, and then we're going to cover it later in the show with Z-Cash taking quite the tumble on some breaking news that we're going to want to cover, but let's focus on Bitcoin.
5:26
[SPEAKER_02]: Because they think it's important to kind of, when you see these huge volatile moves, obviously there's a lot of statistics we can start to pull back from in the history of bear markets,
5:37
[SPEAKER_02]: And as my internet just continues to beat me down, uh, I'm trying Brian, you might have to leave the show.
5:43
[SPEAKER_03]: Alright, well let's see if it figures this stuff out.
5:45
[SPEAKER_03]: Let's kind of talk about what was some of the biggest news out there right now.
5:49
[SPEAKER_03]: It was Z-Cash in exactly what happened.
5:53
[SPEAKER_03]: So I'm gonna give a little bit of a walkthrough for everybody.
5:56
[SPEAKER_03]: Of exactly what happened and opened up some links.
5:58
[SPEAKER_03]: And there was a pretty big rebound.
6:02
[SPEAKER_03]: It pretty big rebound in comparison to what happened, but I'm going to share my screen here and give everybody a little bit of a breakdown of what happened.
6:11
[SPEAKER_03]: So this is one of the biggest security scares that we've seen in years and the Z-Cash team, which is one of the better teams out there.
6:18
[SPEAKER_03]: I did respond in a pretty timely manner, but that did not cause just an absolute ripple effect through the crypto market causing a lot of concerns, but to kind of give a breakdown was exactly what's on the screen, there was a bug found in the orchid shielded pool, and it was alive since 2022, and that bug could let anyone create unlimited undetectable pretty much fake Z-Cash.
6:43
[SPEAKER_03]: with really not a lot of trace of it on chain.
6:46
[SPEAKER_03]: And if this bug sat hidden for four years.
6:49
[SPEAKER_03]: So in step of an individual, in step of the individual named Taylor Horms he was a white hat dev so he's hired by shielded labs.
7:00
[SPEAKER_03]: I mean, hats off to him for finding exactly what happened.
7:02
[SPEAKER_03]: He actually used the new Claude Opus 4.8 AI to find this exploit in TestNet and then pretty much disclosed it fully transparently on
7:14
[SPEAKER_03]: The same day when he pretty much got the information.
7:17
[SPEAKER_03]: We saw a ripple effect in the market We saw on June the second they had an emergency soft fork.
7:22
[SPEAKER_03]: They paused this orchard June third they had a hard fork that patched the circuit and network was back on line It was 100% stable.
7:31
[SPEAKER_03]: There's no funds loss It does seem like the 21 million cap is still in the 21 million Z cash is still legit But we're getting more information as it comes out, but it does seem like
7:44
[SPEAKER_03]: that the team reacted pretty quickly in a very strong way, but we saw a massive fall in Z-Cash.
7:50
[SPEAKER_03]: I mean, it was absolutely was the darling of the town for a long time there, and then we saw Z-Cash crash, and then over the past few days, my personal take on it was we really need to see what this market reactions gave go, because I think we saw it good on 60%
8:05
[SPEAKER_03]: Now they've had some recent upgrades, and then we talked about how they've been very transparent about it, and we've seen a pretty big rebound in Z-Cash recently, where about 42% of it rebounded, and the founders coming out and talking about it, and they even talked about a new upgrade called the iron wood upgrade.
8:25
[SPEAKER_03]: and that was proposed just a couple of days ago over the weekend and they're targeting that to be released in July and that's going to be a new shielded pool with extra audits and forms of verification and utilization of AI's and essentially the coins are all going to have to go through a public checkpoint so you can identify what's real and what's not so they do have a pretty strong
8:46
[SPEAKER_03]: fixed for this.
8:47
[SPEAKER_03]: It does seem there's an emergency response, the team acted very fast, but that didn't stop with some people absolutely getting wrecked with the coin.
8:55
[SPEAKER_03]: But if you held on or you were just watching it, there was certainly some volatility there that gave everyone the opportunity to buy in at Z-Cash and make a pretty quick profit.
9:06
[SPEAKER_03]: So it's been an interesting few days with Z-Cash and obviously that caused a lot of concerns here with the overall
9:14
[SPEAKER_03]: just crypto market just with the utilization of AI.
9:19
[SPEAKER_03]: So people started to kind of just like speculate and cause an unnecessary amount of fear if you asked me, but they did respond very quickly and moving forward where they see exactly what happens, but it will be exciting to see.
9:32
[SPEAKER_03]: Some other information out there that I wanted to share with everybody.
9:36
[SPEAKER_03]: I know we have some people we've talked about on the past We've talked about this stretch in the stretch dividend.
9:41
[SPEAKER_03]: We got Michael Sailor.
9:42
[SPEAKER_03]: It came out and he's saying that it looks like there is going to be moving from Monthly to send my monthly dividends.
9:51
[SPEAKER_03]: So that was a proved it looks like so everyone voted in so that gives us a little bit more wiggle room We're gonna see how that overall is going react and change things along lines and
10:01
[SPEAKER_03]: And we got another very interesting video.
10:04
[SPEAKER_03]: I don't know if I'm going to be able to get this video, the sound going because I was having some issues before, but let me at least bring up the tweet for everyone.
10:13
[SPEAKER_03]: Because we got Secretary, uh, Treasury Scott Pescent here talking about the US government has seized one billion of Iran's crypto.
10:22
[SPEAKER_03]: So it's just outright grab wall with some of them maybe typing it in right now and may not realize that a wall had been grabbed.
10:31
[SPEAKER_03]: So that's one interesting way to build a United States Bitcoin reserve is by seizing some walls within conflicts.
10:41
[SPEAKER_03]: I don't know if everyone's gonna be on board with it or not, but that's one way to continue to stockpile Bitcoin.
10:46
[SPEAKER_03]: And that's crypto holders were never too upset about that.
10:51
[SPEAKER_02]: Checking out some of the other things jump in Brian.
10:55
[SPEAKER_02]: We're going to see we're going to try and go no video just audio Plenty of people in the chat saying things were coming through great for you So if you guys could just throw a comment in there if I'm coming through at least clearly on audio We'll keep the show rolling here with my camera off
11:09
[SPEAKER_02]: But I just want to get, it's like one of those things the Scott Bessent quote of like season crypto and putting it in the reserve and they keep it's it's a funny narrative that we've been following for so long of just talking about the reserve building the reserve and there's been no like.
11:26
[SPEAKER_02]: No real verification of anything.
11:28
[SPEAKER_02]: It's really just a huge talking point.
11:30
[SPEAKER_02]: So if you had any other, like, how could we, is there any way to track this?
11:36
[SPEAKER_02]: CJA is telling us that we sound good.
11:38
[SPEAKER_02]: Happy Monday, CJA, front of the show, of course.
11:44
[SPEAKER_02]: It just, I can't believe how much of a talking point the Bitcoin reserve has been for the administration without any actions since the oval office signing.
11:53
[SPEAKER_03]: We need that reserve and I'm kind of I'm in I'm in the pool of any way we could build the reserve I'm pretty as long as it's like somewhat ethical I'm on board So I don't know exactly what's going on there, but I want to hear more talk about the reserve I think that's an exciting proposition for the United States and moving forward Obviously the speculation of it moves the price, but I do think
12:16
[SPEAKER_03]: There should be, you know, I look at Bitcoin as a global asset, and I think the United States should definitely have a reserve there, so anytime that we hear any additions or possibility to, you know, accumulate more, I'm on board with that.
12:30
[SPEAKER_03]: And Tivo, just to heads up, you sound a great without video.
12:33
[SPEAKER_02]: So we're going to come in and run, we're going to run audio only.
12:37
[SPEAKER_02]: Mom always said, face for radio, what are you doing on YouTube?
12:40
[SPEAKER_02]: So we'll keep the camera off for the rest of the show.
12:45
[SPEAKER_02]: But we need to make sure if you're just joining us, the light is on.
12:48
[SPEAKER_02]: The Bitcoin light, the Mona Lisa is on.
12:50
[SPEAKER_02]: A lot of people were asking if it worked anymore after that last Friday dip, but it is on.
12:57
[SPEAKER_02]: So let's, that video, yeah, we're going to pause the video.
13:00
[SPEAKER_02]: We won't share it, but I just was a quote of a Charles Schwab saying, okay, who's selling?
13:04
[SPEAKER_02]: And so obviously, we kind of covered how a lot of the old school whales were selling.
13:10
[SPEAKER_02]: They're Bitcoin around the 100K level, right?
13:12
[SPEAKER_02]: And so now, I think, an interesting kind of science to look for.
13:17
[SPEAKER_02]: That's kind of what I put here when I was building the show today.
13:19
[SPEAKER_02]: It's like, okay.
13:20
[SPEAKER_02]: Signs to look for when you're around the bottom.
13:23
[SPEAKER_02]: Again, we just definitely want to say in these high volatile times, nothing that Brian and I say on the show is financial advice for anybody, specifically, just some friends talking about the market, talking about crypto.
13:32
[SPEAKER_02]: But when you start to get these volatile moves to the downside, you can start to pull some research and see they go, okay, now that we're really down here, what are we looking for?
13:41
[SPEAKER_02]: Uh, if you could say quote unquote signs of a bottom.
13:44
[SPEAKER_02]: So let's try this audio only sharing my screen.
13:48
[SPEAKER_02]: Brian, can you see this?
13:50
[SPEAKER_02]: people in the chat let us know as well if you can see it.
13:54
[SPEAKER_02]: This pulling up this tweet will keep going.
13:57
[SPEAKER_03]: Looking good.
13:58
[SPEAKER_02]: All right so what we got here is the Bitcoin percentage of supply and profit and loss and this is basically what the
14:07
[SPEAKER_02]: Charles Swab was saying, it's like, okay, well, the people who are selling are the ones that have bought within the last year, so they're they bought Bitcoin at, you know, 120 110 190 and now they're getting shaken out.
14:19
[SPEAKER_02]: It's like, okay, listen, this was not the trade I thought I was getting into.
14:23
[SPEAKER_02]: I thought we were going to the moon.
14:24
[SPEAKER_02]: What is this thing?
14:26
[SPEAKER_02]: And it's definitely something we've talked about this before the same thesis of when the ETFs went live.
14:31
[SPEAKER_02]: Remember when the ETFs went live and there's a kind of the the
14:34
[SPEAKER_02]: the week or two weeks after, it was like a pretty big tip.
14:37
[SPEAKER_02]: It was kind of interesting to see.
14:39
[SPEAKER_02]: And you know, there's always going to be some type of test.
14:42
[SPEAKER_02]: And you don't get to, I've said on the show, probably a hundred times, not exaggerating.
14:47
[SPEAKER_02]: Like, you don't get to buy Bitcoin in a hundred K and ride it to 300.
14:51
[SPEAKER_02]: That's not really how it works.
14:52
[SPEAKER_02]: You probably have to get tested at some point.
14:54
[SPEAKER_02]: So the test is here.
14:56
[SPEAKER_02]: People, some people are, again, we're going to talk about SpaceX and raising
15:00
[SPEAKER_02]: But you know, maybe you want to take the tax loss because the AI, high fly trades are more sexy, but you're looking at it right now as the percentage of Bitcoin that's in profit and in loss.
15:10
[SPEAKER_02]: And it's just about to kiss I think actually that last move down officially put there's more people in loss.
15:17
[SPEAKER_02]: Then in profit holding Bitcoin right now and that consistently you look around 22 you can go back to 18 you go back to 15 that consistently Doesn't mark the bottom as soon as it happens here you can see it kind of plays around in a little bit and might pop out pop in So again, we might be in a grind it phase, which I know you've talked about a lot on the show of like hey we don't think the clarity act is really the only
15:43
[SPEAKER_02]: macro catalyst outside of you know rate cuts that that could maybe move this market Positively to the upside at a fast rate other than that we feel like we're chopping so that that thesis at least in my head continues here But um, we'll we'll move to the next data point next, but any thoughts on the Puff profit versus loss for holders
16:06
[SPEAKER_03]: No, this makes a lot of sense, and you can obviously tell if you don't believe in patterns, take a look at this, the pattern that's forming right here, and this does identify to just the guy that there's a lot of fundamentals in like, we're both like kind of vibe guys.
16:21
[SPEAKER_03]: Of course, and it does feel like we could consolidate and grind sideways for a little bit here.
16:27
[SPEAKER_03]: And then when I look at something like this chart, man, it looks like it's, it could do that for just a little while.
16:33
[SPEAKER_03]: But again, I'm, I'm, I'm the portable out here to you, though, like I am a huge believer in the future of a lot of this crypto and a lot of these apps that are utilizing crypto rails.
16:44
[SPEAKER_03]: And then we could even, we talked all the time about the AI opportunity, utilizing crypto.
16:49
[SPEAKER_03]: And I think this could just be a time where,
16:52
[SPEAKER_03]: You know, if you've missed some huge upswings and some of your favorite cryptos, it might be time to, you know, just start doll or cost averaging in not financial advice for anybody.
17:01
[SPEAKER_03]: But when there's panic and, you know, your friends and family are calling and asking you if Bitcoin's dad and cryptos dad and which I got a few of those phone calls over the weekends and just reassuring everyone that fundamentally we're going to be okay and we're going to be stronger than ever and I truly believe that.
17:20
[SPEAKER_03]: And I'll see everybody on the other side because I think there's going to be some green or pastures, but we might see some pain, but volatility's the name of the game right now.
17:29
[SPEAKER_03]: And there's a lot of liquidity flowing into like AI and attention into AI.
17:33
[SPEAKER_03]: And then we got this SpaceX IPO.
17:35
[SPEAKER_03]: I'm sure we could talk about, so there's a tension elsewhere, but it doesn't discount how impactful crypto is going to be.
17:43
[SPEAKER_02]: Yeah, the rails, you know, all roads as Tom Lee says Lee leads back to crypto, the payment rails of, you know, these agentic AI bots talking to each other, doing transactions.
17:54
[SPEAKER_02]: How's that going to happen?
17:55
[SPEAKER_02]: We certainly know where his bed is.
17:56
[SPEAKER_02]: We'll cover that in a second.
17:57
[SPEAKER_02]: But one more thing, while we're down here, clearly in the bear market, how I just, I love kind of circling back to the end of the year of 25 in the beginning of the year, how quickly
18:10
[SPEAKER_02]: the four-year cycle was dead was such the big talking point going into the end of the last year because everybody wanted to believe that there was going to be another blowoff top.
18:19
[SPEAKER_02]: I think all of us, you know, do you want to believe that?
18:22
[SPEAKER_02]: Yeah, I want to believe it.
18:23
[SPEAKER_02]: Yeah, you want it to believe it.
18:25
[SPEAKER_02]: It made sense again because the volatility, maybe you were expecting a little bit more gain and I think something that, you know, kind of Monday morning quarterbacking the whole thing is the the prediction market
18:39
[SPEAKER_02]: And then also the AI trade.
18:41
[SPEAKER_02]: I think if you had a, you know, if we could go and prove that multi-time lines exist in the world, there's a timeline where prediction markets don't exist and the AI trade doesn't happen for another cycle.
18:54
[SPEAKER_02]: And yeah, I mean, those crazy predictions of Bitcoin 250, 300, 500, you know, there's a, maybe there's a chance that they come true, because there's just a lot more liquidity looking for somewhere to go.
19:05
[SPEAKER_02]: But we live in the world we live in.
19:07
[SPEAKER_02]: and the talk of the four year cycle being dead and now the four year cycle is right on track uh uh if you're if you're looking at the timeline of history and another thing to look at when you're uh
19:19
[SPEAKER_02]: Perhaps of a bear is the 200 week moving average.
19:23
[SPEAKER_02]: Not the 200 day, Brendan Hunter, they love the 50, the 20, you know, for a quick momentum.
19:29
[SPEAKER_02]: The 200 day is a good one for a little bit more medium-sourm.
19:32
[SPEAKER_02]: How about the 200 week, Brian?
19:34
[SPEAKER_02]: Are you keeping tabs on the 200 week because when it dips below,
19:39
[SPEAKER_02]: uh... that is is the uh... traditionally at least for bitcoin and it's you know again i wouldn't say short history at this point but definitely not as long as uh... you know the s p five hundred per se but there's a famous quote from charlie monger of uh... buying good assets around the two hundred week moving average is the best way to to invest
19:58
[SPEAKER_02]: So are you watching the 200 weeks you find it interesting that we we got down there and what your thoughts and as like a data point of you know trying to figure out where the bottom might be for this thing.
20:13
[SPEAKER_03]: Yeah, I do keep tabs on it because I know a lot of our technical analysis guys do and it's a it's a pretty, you know, strong indicator and my surprise, you know, like branding and hunter a lot of TA things have seen them and talking them in person.
20:28
[SPEAKER_03]: I know they were talking about, you know, before the Z cash exploit just a couple of days before they were talking about how we were, it was look like we were going a little bit lower and, you know,
20:38
[SPEAKER_03]: from a TA perspective and then when you talk about like fundamentally I still think crypto has a huge path to grow but you know we're really looking for rate cuts in the clarity act you know there wasn't a lot that I felt like that could pull us out if we started to take a little bit dip down so so it's a it's a great indicator and it looks like it's right on point right now I do like where some of these
21:03
[SPEAKER_03]: prices are right now.
21:05
[SPEAKER_03]: You know, I don't know if we're gonna go much lower like it's tough to catch a falling knife.
21:09
[SPEAKER_03]: But there have been over the weekend, you know, I kept saying like I was good touch some grass, but I'll be lying if I didn't nibble on some certain coins that I really liked because I felt like it was just, you know, a little bit too much of a rush out the back door.
21:26
[SPEAKER_03]: I think there's some opportunity to rebound and we're seeing it.
21:30
[SPEAKER_02]: Yeah, yeah, definitely it definitely feels lost at the end of the time where that is what.
21:40
[SPEAKER_02]: Because I'm talking about knife because it's been seen.
21:44
[SPEAKER_03]: But I think I was recently from both Michael Seller and Tom Lee and I was reading about this earlier.
21:52
[SPEAKER_03]: And I will kick it off and we will talk about with Michael Seller exactly what was going on here with Seller and I believe everyone can see my screen.
22:02
[SPEAKER_03]: So as you can see, you know, it kind of went famous because last week because Seller sold what was a 32 Bitcoin.
22:08
[SPEAKER_03]: And now they went back out or two weeks ago, you know, he finally sold, causing a little bit of a spook in the market.
22:14
[SPEAKER_03]: Again, something that we've been seeing that, that spook the market.
22:18
[SPEAKER_03]: But then he went down and I think it said, what he bought 48 times the amount he sold buying another 1500 Bitcoin.
22:26
[SPEAKER_03]: So they're totals up to 845.
22:28
[SPEAKER_03]: And that wasn't the big buys out there.
22:31
[SPEAKER_03]: The big buy was,
22:33
[SPEAKER_03]: Big Daddy, friend of the show, Tom Lee, absolutely hammering Ethereum last week, doubling down in everything I just been saying at 213, 214, yeah, 213 million buying 126,000 Ethereum.
22:50
[SPEAKER_03]: And what was really interesting about this, and I'm going a little bit off the beaten path.
22:54
[SPEAKER_03]: For everybody, but I was doing some research around this bit mine usually gives an update.
22:58
[SPEAKER_03]: Hey, we bought this many.
23:00
[SPEAKER_03]: E, that this much value, and they talk about we feel like it's undervalued at this price because of X, Y, and Z.
23:06
[SPEAKER_03]: But they also talked, and I don't want to get the exact line wrong.
23:09
[SPEAKER_03]: So we could probably talk to another rundown by everyone to kind of take a look at it.
23:14
[SPEAKER_03]: They did talk about how Ethereum was such a secure network and I believe they mentioned actually what happened was E-Cash and just kind of endorsing why the security of Ethereum so important and almost like
23:30
[SPEAKER_03]: giving a reading between lines.
23:32
[SPEAKER_03]: I wish I had the exact quote up there.
23:33
[SPEAKER_03]: I was saying that like, we know how secure this is, how important this is, and you can see if there's issues kind of what happened and alluded some things going on with Z-Cash.
23:42
[SPEAKER_03]: So I found it very interesting that there's still very bullish on it.
23:46
[SPEAKER_03]: And Tom Lee putting his money where his mouth is,
23:48
[SPEAKER_03]: Teemo, you back with us or, uh, we're trying.
23:51
[SPEAKER_02]: I refuse to be denied.
23:52
[SPEAKER_02]: Listen, the market's trying to keep me down.
23:56
[SPEAKER_02]: Listen, I refuse.
23:58
[SPEAKER_02]: I will keep coming back all day because the chat's still here.
24:02
[SPEAKER_02]: Dude, the chat's still here.
24:04
[SPEAKER_02]: People are asking what we're nibbling on.
24:05
[SPEAKER_02]: We've got Hector from El Salvador here.
24:08
[SPEAKER_02]: El Salvador in the house.
24:10
[SPEAKER_02]: Holy whales here.
24:11
[SPEAKER_02]: Believe up in Canada.
24:12
[SPEAKER_02]: M Scotts here.
24:13
[SPEAKER_02]: Like, I'm not going to, I'm not going to be denied.
24:15
[SPEAKER_02]: I'm not going to be denied on a Monday.
24:17
[SPEAKER_03]: Can we, uh, can we talk about what we're nibbling on?
24:20
[SPEAKER_03]: I'm down to talk about is that what the people want to hear.
24:24
[SPEAKER_02]: I'll be very open to what I nibble on and I think you can, I think you give them a little bit of a sample because obviously when you're on, we want to obviously push people towards the community and so in the description below, if you're interested in getting Brian Joe's, you know, full portfolio and checking out momentum money makers, so you can get those first alerts on what they're looking at, what they're trading and you can kind of,
24:44
[SPEAKER_02]: Join them in the timeline so you can kind of be alerted when and what they're doing.
24:49
[SPEAKER_02]: Check out the link below and then Brian's going to give you a little sample because you're tuned into the live.
24:54
[SPEAKER_03]: Yeah, I mean, this is off the cuff right now, but I'll tell everyone, and this is not funny into advice, this is kind of what I've researched in certain tokens I love.
25:02
[SPEAKER_03]: So we're gonna talk about Tiva said it earlier.
25:05
[SPEAKER_03]: It's kind of the peas out there, prediction markets, perps, privacy of the three peas, and then we talk about the AI sector.
25:11
[SPEAKER_03]: Those are the four sectors that I'm like, really zoomed in on right now.
25:15
[SPEAKER_03]: And there's a few tokens that I've really liked, obviously, when hype or hyper-liquid,
25:21
[SPEAKER_03]: Took that dip and we've we've just talked about that token and it exhaustive amount But for good reason when it took that dip.
25:27
[SPEAKER_03]: I was nibbling on height because I still think it has legs to run Purps aren't going anywhere.
25:32
[SPEAKER_03]: I tell the great story make a ton of money So not finding it to advice but a token that I've certainly been tracking I think it was one of the best rebounders recently With this whole Z-Cash issue happening.
25:44
[SPEAKER_03]: I was a holder Z-Cash Tvo
25:46
[SPEAKER_03]: And I started to explore, and I was telling Joe this last week, and I started to explore, and this is like near and then, and near and their privacy sector and their platform.
25:57
[SPEAKER_03]: And I was actually really impressed with it.
25:59
[SPEAKER_03]: And then I saw during this kind of this washout of tokens.
26:03
[SPEAKER_03]: It's called near-intense, and I thought it was super smooth system.
26:07
[SPEAKER_03]: How you could deposit near, and you could utilize all these different decks, and it was just something that when I used to look into near in the past, it was completely different than what it was.
26:16
[SPEAKER_03]: So now I'm super interested in what they're doing in the near, and we got this privacy trade, because even though there's an exploit or a potential exploit with Z-cash, does not mean that privacy is not going to still be a major meta.
26:28
[SPEAKER_03]: and near had a very slick interface and it took a little bit of a beat down and I feel like it's one of the better fundamental products out there so I'm like in high if I'm like in near those are some two bigger caps caps out there and then there's a token we've talked about in many money makers I think we've talked about the rundown it's called open serve the ticker serve trades on our base and main net absolutely during this kind of
26:58
[SPEAKER_03]: And they're building something very special and we caught that VVB pretty early and talked about it in open service checking a lot of boxes for me and even during this downturn Tvo it was like flat of a market cap it was not getting hit hard and then just with this recent increase it's been doing well and I was actually a call I just recently gave to our community and it had a very I mean if you were in serve.
27:22
[SPEAKER_03]: It performed very well against all these other crypto so I'm kind of nibble in at that those those three tokens right now and kind of building a better position.
27:32
[SPEAKER_02]: I love it and again check the description for a below because that's how you get you know those choices and stuff that Brian and Joe are doing on a weekly basis you get the first alert so you can move with them again in the momentum money makers.
27:44
[SPEAKER_02]: The stuff that they're giving out is a little bit more for the experience trader per se and you got to move fast check out that link one dollar trial holy whale says they've joined and it's worth continuing love to hear that thank you so much.
28:00
[SPEAKER_02]: Thank you so much for joining.
28:02
[SPEAKER_02]: And then I'm going to ask for a thumbs up.
28:04
[SPEAKER_02]: We got 85 people in here.
28:05
[SPEAKER_02]: Man, can everybody throw some thumbs up on the stream.
28:08
[SPEAKER_02]: We are battling through the technical difficulties, but we do it for you.
28:12
[SPEAKER_02]: And somebody said, I think with CJ, he actually said he missed my mug so much he wants me to try to come back on video.
28:19
[SPEAKER_02]: So we'll see.
28:20
[SPEAKER_02]: We'll pop up and we'll see if we can finish off the show strong with some visuals with some visuals.
28:27
[SPEAKER_02]: We had a question in the comment and because you joined his live for anybody that's never joined his live join us because you can get your questions answered live on air.
28:35
[SPEAKER_02]: They wanted us to talk about, I think I talked about it with Brendan, but they wanted us to talk about the
28:40
[SPEAKER_02]: bitmines preferred stock with the 9.5% annual dividend that they're trying to push through here.
28:47
[SPEAKER_02]: So basically the similar to stretch kind of, we're circling back on our Tom Lee conversation, but I think the interesting thing is see how it plays out.
28:57
[SPEAKER_02]: Um, but also I believe the idea was funding the dividend via staking so you wouldn't have the situation which will cover next of sailor, you know, for casting that he's going to sell some Bitcoin, um, which he did and then buying some back, which he did will cover that next but Brian just want to get your take on the preferred stock here for bitmind.
29:19
[SPEAKER_03]: Yeah, it's structured a little bit different than what sailors doing, but uh, this, these financial, this is almost a full-time job getting into like the, the financial social economics like these different ways that people are utilizing stock or they're utilizing staking and how they could buy back more double down more.
29:39
[SPEAKER_03]: It's a complete, almost feels like a complete system where you, you need to really read in, in the details here, and fully understand of exactly what's going on.
29:47
[SPEAKER_03]: So if I know these about an expert of what they're doing here, but this does feel like it's a little bit different than what Tom, Michael Sailor's done, and a little bit safer, and I get in my understanding that correctly.
29:59
[SPEAKER_02]: I, you know, I, I, we were not finalizing some of that before any investment safe, especially these volatile times, but yeah, I think it, I think the way the headlines that I read it was trying to structure a similar, you know, offering like this, you know, stretchers here's a nice consistent dividend, but funding it from the staking.
30:19
[SPEAKER_02]: So it makes sense.
30:20
[SPEAKER_02]: If you think big picture, they published their thoughts bit-mind was the alchemy of 5% they want to get to 5% of the supply, and so once they're at, you know, now they're in the fours, right?
30:31
[SPEAKER_02]: So 5% is clearly reachable.
30:34
[SPEAKER_02]: So instead of using the, they stake a lot of it.
30:38
[SPEAKER_02]: So instead of using the staking rewards to continue to buy eat, they're going to offer this product, maybe to fund some dividends for this type of product to maybe make money in
30:50
[SPEAKER_02]: I think people forget the most with BitMind, which I think is a cool part of it that, you know, is a long-term play.
30:58
[SPEAKER_02]: It's all the other holdings that BitMind has.
31:00
[SPEAKER_02]: Microstrategy doesn't have it's on holdings, whereas BitMind has 8 co-orbs.
31:05
[SPEAKER_02]: They have the partnership with Mr.
31:06
[SPEAKER_02]: Beast.
31:07
[SPEAKER_02]: Yeah, and a lot of other things on their balance sheet.
31:10
[SPEAKER_02]: And so I think that's kind of the interesting thing for me and why I watch BitMind is like, okay, let's see.
31:16
[SPEAKER_02]: you know, the nav versus all their other assets because it's not just Bitcoin, like Microsoft strategy, they seem to be diversifying small, in a small way, amongst their obviously stockpile of ETH.
31:28
[SPEAKER_02]: A lot of news out of sailors camp, so obviously sold last week, he forecasted that and there's been plenty of debate on it.
31:37
[SPEAKER_02]: And then, you know, he goes and buy, I think he sold about 32 Bitcoin last week and then he goes and buys,
31:45
[SPEAKER_02]: one thousand five hundred fifty-day clean this week I don't know man I'm running I gotta give my take a couple episodes going all the thing like it just seems like it's buddy water over there like there's like what is the strategy?
32:02
[SPEAKER_02]: It's like things called strategy
32:05
[SPEAKER_02]: Obviously, there's going to be a ton of people that believe in what they're doing, and maybe long-term, yes, like you could convince me in a debate long-term, the short-term of telegraphing, selling smidges, you know, and then now buying a bunch more a week later, I think.
32:23
[SPEAKER_02]: It's not, I'm not following, I'm also not, you know, full, full stop, I'm not invested.
32:29
[SPEAKER_02]: I did buy some stretch and then I got a couple dividends out of it and then I was just like, you know, when he announced he was selling, I was just like, I don't want to be involved in this anymore.
32:38
[SPEAKER_02]: I kind of was in it for the experiment and I just kind of saw the writing on the wall that this thing was going to depague and go down a little bit.
32:48
[SPEAKER_02]: So I got out of that full full disclosure.
32:51
[SPEAKER_02]: I don't know.
32:51
[SPEAKER_02]: It was fun to be involved.
32:52
[SPEAKER_02]: But what do your thoughts on buying more than he sells?
32:57
[SPEAKER_02]: But like the 32 was just like, hey, I'm willing to sell Bitcoin was I think the tell and then now he's buying more Raising their holdings.
33:07
[SPEAKER_02]: I don't know.
33:08
[SPEAKER_02]: It's kind of it's fun to cover is like a journalist, but investing wise.
33:11
[SPEAKER_02]: I'm not really following
33:14
[SPEAKER_03]: think I would have liked it more.
33:17
[SPEAKER_03]: I mean I've been we've been seeing this for a while like Michael sailor like kind of like flip flopping back I mean he's like the ultimate giga chat about Bitcoin it's going to like the its numbers and obviously demands a ton of headlines and can move markets.
33:31
[SPEAKER_03]: But I think I would have liked it more because you pin it right where he sold 32 Bitcoin and I pretty much was just saying like, hey, I'm willing to sell this Bitcoin.
33:39
[SPEAKER_03]: I feel like that's a message he was saying to us.
33:42
[SPEAKER_03]: I would have preferred to him to have just like sold a billion dollars with a Bitcoin to been like, that's our dividend.
33:49
[SPEAKER_03]: Everyone chill out.
33:50
[SPEAKER_03]: I'll sell Bitcoin if I need to pay the dividend.
33:52
[SPEAKER_03]: There's billion dollars in the Bitcoin and then he goes and buys more.
33:55
[SPEAKER_03]: like he kind of like bought like just show these willing to sell big coinbows this like small amount which caused the market to react in a negative way I would have rather just him like it's just been like all right I'm gonna sell billion dollars to like you know have some cash on hand because you know people have been pointing that out and
34:14
[SPEAKER_03]: We would have still tanked from it, you know, but at least he would have had capture on here and to come to the dividend.
34:20
[SPEAKER_03]: That's my gut feeling from it.
34:22
[SPEAKER_03]: But I'm on the sidelines here.
34:24
[SPEAKER_03]: I'm not trying to buy microstrategy.
34:27
[SPEAKER_03]: I don't fully, I need somebody to explain to me.
34:30
[SPEAKER_03]: It's like it's up like 4% on the day.
34:32
[SPEAKER_03]: I need somebody to fully explain to me like why we would even be buying microstrategy here.
34:38
[SPEAKER_03]: Um, I personally, I would rather just probably own Bitcoin, you know, that's my personal take, but I would love any take from anybody in the chat or anybody, you know, engages with our community.
34:50
[SPEAKER_03]: I would love for them to like kind of drop what what the thesis is here.
34:53
[SPEAKER_03]: So I've, I've kind of taken a step back, but that's, that's, that's my, that's my take.
34:58
[SPEAKER_03]: Would you been more, would you been more satisfied if he, if he sold a billion dollars once more, it's like this is my cash to come in the dividend now, lay off what I do.
35:07
[SPEAKER_02]: Yeah, because my whole thing with all the different offerings that they started to do was I got lost in the sauce of the financial alchemy of like, wow, okay, so this one stock now has a bunch of other stocks that's trying to do different things and I get it because that's I get it in a way from an offerings perspective because it's what black rock was doing and there's a lot of other
35:29
[SPEAKER_02]: A lot of other offerings of, again, I don't understand.
35:33
[SPEAKER_02]: I'm not a mathematician behind the offering of the product, but they start offering these Bitcoin products where you get, like, capped upside.
35:39
[SPEAKER_02]: Like, oh, you'll get 30% of the upside, but then it's safe.
35:42
[SPEAKER_02]: It's like, you're capping the downside, too.
35:46
[SPEAKER_02]: So people were making the products around Bitcoin, so I get why he would want to get in there, but it just doesn't feel like,
35:54
[SPEAKER_02]: the community, it crosses over the communication of what you started doing to begin with.
36:02
[SPEAKER_02]: And there wasn't a, at least in my opinion, it's somebody that, like, journalistically covers the space.
36:07
[SPEAKER_02]: It kind of was like a hard left turn to never sell your Bitcoin to now.
36:12
[SPEAKER_02]: We're creating all these products, but still never sell your Bitcoin to now that I have all these products.
36:16
[SPEAKER_02]: Well, you can sell, you know, never buy more than you sell.
36:20
[SPEAKER_02]: is the thesis and so I agree with you is like it's a hard left turn but you're kind of like dipping your you're like oh well you're dipping your toes in right go full port be like sell the billion and say hey we created this product it's newer than the strategy and now I have to change my strategy to to accommodate this product here's a billion dollars that we sold for Bitcoin and we're putting it into these bonds that are going to crew it this and we're going to it's all
36:49
[SPEAKER_02]: the dividend.
36:50
[SPEAKER_02]: And the dividend is now covered for X amount of years.
36:53
[SPEAKER_02]: And just say, hey, like, I'm betting now I have the dividend covered for X amount of years, which will get us through the next cycle.
37:01
[SPEAKER_02]: And then now we're doing this money raise to start buying again, because it's low.
37:07
[SPEAKER_02]: It's underpriced.
37:08
[SPEAKER_02]: But it just feels like we're playing games.
37:10
[SPEAKER_02]: I don't know.
37:12
[SPEAKER_03]: It feels like we're kicking the can down the road a little bit and it's just like we really need like a big big price wing up to like he's just delaying it a little bit.
37:21
[SPEAKER_03]: So we guys see exactly what happens.
37:24
[SPEAKER_03]: I don't know if you saw I brought I think I brought up the link on the live chat because you know, I was just solo hosting this show when you were down and out, but I said, uh, sailor, um,
37:38
[SPEAKER_03]: moved it from is it up on the screen?
37:41
[SPEAKER_03]: Monthly to bi-monthly dividends so there is a vote so that you know it's the stretch dividends are going to be pushed out to semi-monthly now so that they're not even going to be issuing a monthly and he announced that today right before the show I threw on the sheet so that feels like another way to kind of like delay
37:58
[SPEAKER_03]: and gave yourself some wiggle room.
38:00
[SPEAKER_03]: So I guess what I'm going with this whole, this is cloudy or murky, whatever adjective you used to describe this when you brought it up initially, it's exactly what it is, um, wish them all the best.
38:12
[SPEAKER_03]: I won't be coins price to go up.
38:14
[SPEAKER_03]: I won't make a strategy to be one of the greatest stocks to ever perform because that's going to be good, but I'm on the sidelines.
38:21
[SPEAKER_02]: I agree.
38:21
[SPEAKER_02]: I agree.
38:23
[SPEAKER_02]: I want to get a hot take from you on the Z-cash thing because you're doing it's solo.
38:27
[SPEAKER_02]: What's your take on crypto haze?
38:31
[SPEAKER_02]: Oh my god.
38:32
[SPEAKER_02]: So just to do a lot.
38:34
[SPEAKER_03]: Arthur Hayes, you're talking about Arthur Hayes.
38:37
[SPEAKER_03]: Yeah, you know,
38:45
[SPEAKER_03]: I always really liked Arthur Hayes, and I feel like he's very smart at the original, and I have really followed a lot of his takes, I've followed him on X, and really liked his insight, and I've been in a lot of the same tokens around the same time as him, so I feel like he has a great post on the market, but it certainly feels.
39:05
[SPEAKER_03]: like he is like I don't want to say like showing or dumping on it yeah was it that it feels like he's just like hype's going to $150 and then dumping it whenever we whenever we have a little bit of a run-in and he's done it with quite a few tokens here recently and
39:24
[SPEAKER_03]: It's frustrating me and it feels like I can't take his like I everything he says now I kind of have to ignore I felt like it's very kind of like dumping on his followers almost and What's this Zach XBT thing?
39:38
[SPEAKER_03]: I love Zach XBT.
39:40
[SPEAKER_03]: I saw this trending, but I can't see it I need to bring it up.
39:43
[SPEAKER_03]: What's it saying there, Tvo?
39:45
[SPEAKER_02]: I mean, I think the summary is, you know, some of these people that start off and they have great content, they're great personalities, and they have a great pulse on the market, you tend to get a big following and then, you know, as years go on, maybe, again, I'm not accusing of this, but there's actually expertise of like, hey, you're, you're both posting to your followers and,
40:06
[SPEAKER_02]: you know you've already gotten in the position it's gone up so you keep posting about posting about it to get more people to come in and then while you're posting there's a quick turnaround between posting your thesis and showing everybody how good you're doing and then selling so that that's I think what uh
40:22
[SPEAKER_02]: You know, Zach XBT is saying, and then when you're dealing with that amount of money, you've got to be nimble.
40:27
[SPEAKER_02]: So like for for, you know, an Arthur Hayes defense, like, hey, you got to be nimble.
40:31
[SPEAKER_02]: Yeah, market, especially crypto changes on a dime at any time.
40:35
[SPEAKER_02]: Markets are now always open.
40:36
[SPEAKER_02]: So you got to be nimble.
40:38
[SPEAKER_02]: But then you can go back and get receipts and be like, well, you know, yesterday, you're telling people to buy the day you're selling.
40:44
[SPEAKER_02]: You didn't really forecast that.
40:46
[SPEAKER_02]: And then, you know, you're telling people to buy while you're still in, whereas you're going to, you're going to tell people to sell after you're all out.
40:53
[SPEAKER_02]: It is a, is a traditional thing.
40:55
[SPEAKER_02]: And so, you, I mean, again, you got to be careful this.
40:57
[SPEAKER_02]: I know there's a short seller.
40:58
[SPEAKER_02]: I can't remember the name.
41:00
[SPEAKER_02]: I don't want to get it wrong, but there's a short seller in the traditional market.
41:03
[SPEAKER_02]: So, I think, just got sentenced to, to doing this.
41:06
[SPEAKER_02]: Like, he was going on TV talking about his positions.
41:10
[SPEAKER_02]: And then, you know, you go, you get on these airwaves of national TV with a lot of prominence
41:15
[SPEAKER_02]: You know, people will dive into the trade with you and then he was like, he was going on TV and then like immediately closing out his trades because it would get, you know, a pop for his short calls or a downward pop if you will.
41:27
[SPEAKER_02]: So, you know, I think it's just, I bring it up not to criticize because I don't know the exact specifics of the receipt.
41:35
[SPEAKER_02]: That XBT saying, I did want to bring it up for our community to say, hey, that's not something really.
41:39
[SPEAKER_02]: that we do.
41:40
[SPEAKER_02]: We're more on the educational side, right?
41:43
[SPEAKER_02]: We're not making calls and then dumping on you and we're trying to more educate you on stuff that we see coming.
41:49
[SPEAKER_02]: And just to be careful out there because there are a lot of accounts that show a lot of stuff that don't have the education aspect or your education aspect involved in it or you're the best for you.
42:03
[SPEAKER_02]: It's a doggy dog world out there
42:08
[SPEAKER_03]: Yeah, I mean, yeah, I mean, we all want to give it like help and education and advice.
42:15
[SPEAKER_03]: It does feel like what, you know, Arthur Hayes, there's just been a lot of back and forth and then the whole Z-cash thing and then with high up in the near is what a lot.
42:23
[SPEAKER_03]: So I understand points of using these, I guess you could argue he's being fully transparent.
42:27
[SPEAKER_03]: He sells and he's like, I sold my position, but
42:31
[SPEAKER_03]: Yeah, I don't know.
42:31
[SPEAKER_03]: The timeings rough, you know, I don't love it.
42:34
[SPEAKER_03]: So I am certainly not copy trading or taking any advice from, you know, haze and what he's buying and what he's trading.
42:43
[SPEAKER_03]: I did see, I looked at the comments of one of his like hype, like,
42:51
[SPEAKER_03]: Tell me how many times like Arthur Hayes has done this and how accurate it was.
42:55
[SPEAKER_03]: And it's like he's called out like his position like this 11 times and he's only been right to of the 11 and you know, and I think he sold his hype at not the greatest level as well.
43:08
[SPEAKER_03]: If I remember correctly, because we've seen a little bit of a bounce back, but you know, it's everyone's decision of what they want to invest in and how they manage that investment and education is absolutely key.
43:20
[SPEAKER_02]: love it.
43:21
[SPEAKER_02]: So it's, uh, we're going to wrap up with some, uh, SpaceX talk around possible liquidity.
43:27
[SPEAKER_02]: But before we do that, let's circle back to this video, because I think it'll it'll tie into the conversation of the SpaceX possible liquidity suck.
43:34
[SPEAKER_02]: And it's the Charles Swab talking about, you know, who's selling Bitcoin.
43:38
[SPEAKER_02]: We tried to play the top of the show.
43:40
[SPEAKER_02]: We obviously had some technical difficulties, but a lot of people sticking around.
43:43
[SPEAKER_02]: So let's take a listen.
43:44
[SPEAKER_02]: Brian, just give me a thumbs up of this comes through clearly.
43:47
[SPEAKER_00]: Sweetie, answer
43:50
[SPEAKER_00]: Who is selling?
43:51
[SPEAKER_01]: primarily people who have acquired Bitcoin in the best year and a half.
43:55
[SPEAKER_01]: So some of the metrics that we track are the cost basis for ETF holders or ETF holders.
44:01
[SPEAKER_01]: That's about $83,000 today.
44:03
[SPEAKER_01]: We also have a metric for the average cost basis for any holder of Bitcoin.
44:07
[SPEAKER_01]: And this is called the active investor cost basis.
44:11
[SPEAKER_01]: It does not include what's been rewarded to miners.
44:13
[SPEAKER_01]: And so that's about $78,000 today.
44:21
[SPEAKER_01]: is $8.78,000, so if you think about it from that perspective, people in the past year and a half or so, they bought Bitcoin, they experienced a quick rally up to $126,000, and then quickly saw their entire investment get cut in half.
44:39
[SPEAKER_02]: So yeah, and people don't like to see that taking some tax loss for sure while they're watching this AI trade go absolutely Buku bucks and then as we approach this week and absolute monumental day in the markets looking like space access is going to go Thursday this week
44:58
[SPEAKER_02]: Wow, just it's gonna be the biggest IPO in history.
45:01
[SPEAKER_02]: Elon Musk is gonna be the world's first truly an era if I'm not mistaken as long as everything goes to plan.
45:09
[SPEAKER_02]: And so there's there's been some talk and one more thing on the Bitcoin cell-off as long as Brian said the top of the show, a lot of friends started texting me as well.
45:18
[SPEAKER_02]: Started getting the the punching bag of the Bitcoin guy and the crypto guy.
45:22
[SPEAKER_02]: So that's always a good sign when you're, you know, probably towards the bottom.
45:26
[SPEAKER_02]: And also I said on the show last week is like, Hey, Bitcoin's all over the A block in a negative way obviously with the recent price action and you know, it wouldn't Bitcoin gets boring and it just chops along.
45:37
[SPEAKER_02]: You know, really, it's not really talked about much on the airwaves of national television, but it's back in the A block.
45:43
[SPEAKER_02]: And again, I think that's another check in the box to, you know, trying to find a bottom plus all the stats that we talked about in the middle of the show.
45:51
[SPEAKER_02]: So with SpaceX coming, I'm super excited just to see it.
45:56
[SPEAKER_02]: It's truly in the markets, it's a legendary day, a historic day.
46:02
[SPEAKER_02]: I don't have a take.
46:05
[SPEAKER_02]: I think I guess long term it's going to be part you know eventually it's going to be such a big company that it will be in the S&P 500 so everybody will eventually have exposure this how do you want to play it um obviously if you can get shares before the you know the pre-IPO shares you probably roll the dice on that I'll say that at least for my perspective but buying it once it goes live I don't know man there's the I don't know I think
46:31
[SPEAKER_02]: You know, a lot of people are going to want to play for that big pop.
46:34
[SPEAKER_02]: They're going to want to trade around it.
46:36
[SPEAKER_02]: So I think that to me feels like the obvious player because, oh, no, I'm going to buy it.
46:41
[SPEAKER_02]: It's going to go up and then I'm going to make all this money.
46:43
[SPEAKER_02]: It just feels like one of those things, same side of the boat, same side of the boat.
46:48
[SPEAKER_02]: And then there's, um, again, there's some things underneath the hood that people got to understand is lockups.
46:53
[SPEAKER_02]: And so when our current shareholders of the pre-IPO stock able to sell, and I think that's a huge, I've been trying to do some research.
47:01
[SPEAKER_02]: There's a lot of data points on it, but I don't even think it's been like truly finalized.
47:06
[SPEAKER_02]: They keep moving like this stuff around.
47:08
[SPEAKER_02]: a lot.
47:08
[SPEAKER_02]: It's a unique IPO and I know for one thing I believe there's 5% of the float that's for employees and there's no lock-up.
47:15
[SPEAKER_02]: So 5% can be sold right away and then as I hand it off to you Brian, there's this first 20% of when you know when are people going to be able to sell.
47:25
[SPEAKER_02]: And that's to me like feels like an automatic sell.
47:28
[SPEAKER_02]: Like a lot of these people, a lot of these hedge funds and venture funds that have gotten in.
47:33
[SPEAKER_02]: at such a low price of this thing, a hundred axing, like it's kind of like the Bitcoin whales at a hundred k, and I'm sure there was some other reasons for that, you know, you have to ask the individuals.
47:45
[SPEAKER_02]: But for these funds, they're going to want to raise some money.
47:48
[SPEAKER_02]: There's all these hot uh, you know, there's going to be new AI.
47:52
[SPEAKER_02]: The companies that are going to be pre-IPO and, you know, you made your 100x50x, like, you're not going to stick around.
47:58
[SPEAKER_02]: And so I worry, I worry, if I, let me just say this for a hand it off to you.
48:03
[SPEAKER_02]: I do think there's probably a training opportunity in the first week, two weeks, three weeks.
48:08
[SPEAKER_02]: I would take, I'll, I'll say this, maybe at some point in the fall, like, I think it's going to trade below its IPO price at some point before the end of the year.
48:15
[SPEAKER_02]: I would take that on polymarket.
48:18
[SPEAKER_03]: Yeah, I think that's a pretty strong bet there's been indicators too.
48:21
[SPEAKER_03]: I mean, I just remember like the Facebook IPO, you know, it was like 31 32 bucks and it dropped all the way down to like in the teens.
48:28
[SPEAKER_03]: I remember that because I bought it and I was like, oh man, what was I thinking and it took like a full year to get back to what the IPO price is.
48:38
[SPEAKER_03]: I'm a huge space ex guy.
48:39
[SPEAKER_03]: I think it's a great idea.
48:40
[SPEAKER_03]: I think Elon.
48:41
[SPEAKER_03]: I think a lot of these people are brilliant Regardless of like what you take they're takes on they're doing some really big things out there And they even hold like 18,000 Bitcoin, so there's like even like a world here where that's like a small proxy play But I do think it's gonna be a pretty big liquidity suck.
48:59
[SPEAKER_03]: We might already be seeing quite a bit of liquidity You know people selling off risk asset
49:03
[SPEAKER_03]: Exposure because it's a new shiny toy in town space X and think it's hard to argue that won't be a successful company and even a successful stock, but I'm I'm I'm with you.
49:15
[SPEAKER_03]: I'm going to be on the sidelines.
49:17
[SPEAKER_03]: I kind of watch and see how it all develops and I will probably enter once it's blow the IPO price if that happens and I'm bet that's why I'm betting you know I'm not trying to get in on day one now I hope it works out for everyone.
49:30
[SPEAKER_03]: I also think there's a huge trading opportunity.
49:32
[SPEAKER_03]: I think Joe is telling me out quite a bit his strategy for it and he's a little bit more aggressive.
49:38
[SPEAKER_03]: You know getting some access to it.
49:39
[SPEAKER_03]: Maybe trading it
49:41
[SPEAKER_03]: I'm just going to be watching and there'll be a time I think I'll get an opportunity.
49:46
[SPEAKER_03]: There always is, man.
49:47
[SPEAKER_03]: Yeah, always an opportunity and there'll be a time when I'm like, all right, I think it's time for me to start acquiring some SpaceX.
49:55
[SPEAKER_03]: That's that's my core thesis right now and it feels like there's a little bit of a liquidity sucked from it and then we have open AI Anthropics.
50:03
[SPEAKER_03]: Those IPOs coming out this year as well.
50:05
[SPEAKER_03]: So risk on assets.
50:07
[SPEAKER_02]: uh... might get a little bit of liquidity suck due to this but i think long-term pretty pretty bullish for a lot of them yeah long-term agree uh... i agree on everything i think that you're already seeing it um... because again it makes sense like if you're going to go buy space acts like you can't really value space acts on its revenue right it's just it's a i don't even know how it's a human experiment more than and then a business right and then obviously kind of like
50:34
[SPEAKER_02]: If you watch some documentaries on the Apollo missions, how much the research from building those rockets and doing this stuff to get us to the moon became products that we used every day in the house.
50:49
[SPEAKER_02]: The microwave, there's so many things that siphoned off that you wouldn't think of.
50:54
[SPEAKER_02]: Like, oh, well, this part, you know, siphoned off and became this product line.
50:58
[SPEAKER_02]: So I think there's a lot of that.
51:01
[SPEAKER_02]: But from a revenue, a business perspective, it's going to be similar to Tesla, right?
51:06
[SPEAKER_02]: It's like Tesla right now, the, for the last five years is, you know, there's people that say Tesla's crazy, that evaluation doesn't make sense, and then that's what the bears are like, it's a car company, and the bulls are like, it's not a car company, it's a technology company, right?
51:18
[SPEAKER_02]: It's the future.
51:19
[SPEAKER_02]: So it's another one of those companies, you know, definitely will be a bullish signal of when the markets do in hot.
51:28
[SPEAKER_02]: Those stocks lead the way in a crazy way.
51:31
[SPEAKER_02]: And then like you said, there's always going to be opportunity because when, you know, liquidity gets tight or, you know, the markets roll
51:41
[SPEAKER_02]: voices of a recession or echoing through the economy.
51:45
[SPEAKER_02]: Like, those are the first things to lead the downside.
51:47
[SPEAKER_02]: So, definitely going to be used as a bet on the future, but also probably a trading instrument, if I'm not mistaken, and overall just a historic, historic time to watch this go live.
52:00
[SPEAKER_02]: Let's check one more time.
52:02
[SPEAKER_02]: We got Sherry, we've got Holy Whale, CJE, Paul.
52:07
[SPEAKER_02]: Glenn Jeffrey pretty good live today for a Monday David.
52:11
[SPEAKER_02]: What's going on everybody really appreciate before you head out Throw this video alike.
52:15
[SPEAKER_02]: We got 21 likes.
52:16
[SPEAKER_02]: We need 333.
52:17
[SPEAKER_02]: That's my lucky number for the day 33 Brian any final thoughts We covered a lot.
52:21
[SPEAKER_02]: We battled through the technical difficulties But hey, it's Monday and we're still here.
52:26
[SPEAKER_02]: You're not gonna keep us down
52:29
[SPEAKER_03]: the lights still on.
52:30
[SPEAKER_03]: I mean, you came in not looking great.
52:33
[SPEAKER_03]: You know, I talked to you right before pre-show.
52:35
[SPEAKER_03]: I was like, you're coming in hot.
52:38
[SPEAKER_03]: You're like the internet.
52:39
[SPEAKER_03]: I did.
52:40
[SPEAKER_03]: I did.
52:41
[SPEAKER_02]: I just did the people of visual.
52:43
[SPEAKER_02]: Like I had my camera off.
52:45
[SPEAKER_02]: I had my camera off like this and I sat down and I was just like,
52:50
[SPEAKER_02]: And I was like, there he is, oh, that's a tough one.
52:55
[SPEAKER_02]: You have it a tough day.
52:56
[SPEAKER_02]: What's going on?
52:56
[SPEAKER_02]: You sound awful.
52:58
[SPEAKER_02]: I was like, dude, the internet.
52:59
[SPEAKER_02]: I was like, I can't figure this thing out.
53:01
[SPEAKER_02]: I've been having trouble all morning.
53:02
[SPEAKER_02]: But like, the show must go on.
53:04
[SPEAKER_02]: We're show this.
53:05
[SPEAKER_03]: We're showing, man, and I think this is going to be an interesting, this is an interesting week.
53:11
[SPEAKER_03]: I'm probably not going to be trading a massive amount, but we're seeing a little bit of a bounce in the crypto market.
53:17
[SPEAKER_03]: We're seeing a little bit of life.
53:18
[SPEAKER_03]: I definitely zeroed in on some projects that have been showing that showed strength when we were getting that wash out.
53:24
[SPEAKER_03]: So I think we can take some really good metrics and, you know, build a cool watch list.
53:28
[SPEAKER_03]: And then obviously what's happening on the 12th of the SpaceX IPO, I'm not having a try to predict the
53:34
[SPEAKER_03]: But I'm going to be kind of all eyes on it and we make it some opportunities, but, you know, the permables here, I love where we're going.
53:43
[SPEAKER_03]: I think the AI sector is super hot right now, still the robotics and AI sector and the crypto is getting into great.
53:50
[SPEAKER_03]: I think that's going to be a next leg up, but it's also summertime.
53:54
[SPEAKER_03]: So everyone kind of enjoyed a little bit because I don't think we're going to get any major moves.
54:00
[SPEAKER_03]: It's just going to be really kind of building our watchlists, which projects are showing strength in these really volatile times.
54:06
[SPEAKER_03]: Because those are going to be ones where we get back in that bull market.
54:09
[SPEAKER_03]: There could be the ones that are really, I feel like almost life changing.
54:13
[SPEAKER_03]: So I'm watching and building some of those watchlists and just soaking it up, maybe it's summertime and the markets are volatile is ever.
54:21
[SPEAKER_02]: Yeah, and I appreciate everybody tuning in.
54:24
[SPEAKER_02]: Definitely for a down market, it's pretty good life.
54:27
[SPEAKER_02]: So excited to continue to make content for everybody out there.
54:31
[SPEAKER_02]: We'll keep you updated this week.
54:34
[SPEAKER_02]: Trying to get a second show and people are interested.
54:37
[SPEAKER_02]: We'll try and find, we'll do some more research of, I kind of like the motor and it's finding a bottom.
54:41
[SPEAKER_02]: We definitely
54:42
[SPEAKER_02]: We definitely, I thought, nailed kind of like, hey, we're in this chop zone and, you know, you could break up, but what's the catalyst there?
54:49
[SPEAKER_02]: Could break down if you break support.
54:52
[SPEAKER_02]: And then obviously, we broke to the downside and now you're kind of in the mode like, hey, let's do the research here.
54:57
[SPEAKER_02]: Let's try to see, you know, zooming out as we like to say in this show a lot, what has history taught us?
55:04
[SPEAKER_02]: That again, it's not, it doesn't, history doesn't repeat, but often it rhymes.
55:07
[SPEAKER_02]: So I think that's kind of the mode that the show's going to be in.
55:09
[SPEAKER_02]: So,
55:12
[SPEAKER_02]: And then obviously with momentum money makers you're gonna be fine and winters along the way So last call check the link below give this video a like we really appreciate everybody tuning in Thanks so much for everybody in the chat really active chat in a Monday We really appreciate it.
55:26
[SPEAKER_02]: We got some more great interviews coming this week and we'll try to get another rundown episode Thanks so much everybody that's all for now.
55:32
[SPEAKER_02]: We'll talk to you later