Latest / CRYPTO 101 / Crypto Rundown: This Gold vs Bitcoin Stat will Shock You & Coinbase's New Products

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Crypto Rundown: This Gold vs Bitcoin Stat will Shock You & Coinbase's New Products · CRYPTO 101

0:08
[SPEAKER_02]: All right everybody welcome back to the crypto rundown sponsored by Gemini your bridge to the future of money and we have a fun one with you as you can see I am on the road.
0:19
[SPEAKER_02]: I am home in Delaware where it all began Brian OG crypto one one listeners will remember the basement in Delaware when I first came on
0:27
[SPEAKER_02]: this show we're not in the basement we're getting a little holiday palm tree with some lights here to remind me of my home back in Florida but it's a great day it is a Christmas week happy a Hanukkah to everybody that just celebrate I believe Hanukkah just ended Merry Christmas happy quans everybody celebrating the holiday season we appreciate you taking the time to listen but we actually have an interesting episode there's a lot of stuff going on per usual a little bit of price action we can look at corn micro cap for but a lot of news flow
0:52
[SPEAKER_02]: which will break down with my friend Brian who's joining us today.
0:55
[SPEAKER_02]: Brian welcome to the show and thanks for doing it with me on the holiday week here.
0:59
[SPEAKER_01]: Yeah, man.
0:59
[SPEAKER_01]: No doubt about it.
1:00
[SPEAKER_01]: You know, me, I absolutely love eating it up with you on the rundowns and it might not be the light that we normally see every time we do these podcasts, but that's still counts.
1:11
[SPEAKER_01]: There's Christmas lights back there.
1:12
[SPEAKER_01]: Still count the light is still on.
1:14
[SPEAKER_01]: No doubt about that.
1:17
[SPEAKER_01]: So why don't we roll it, why don't we roll it a little bit Tiva why don't you pull a coin market cap and we can take a look at exactly what's going on in these markets because there's been a little bit of a little bit of chop
1:30
[SPEAKER_02]: a little bit of shop here in the near obviously with the listeners just bear with me on some producing stuff.
1:35
[SPEAKER_02]: I don't have my normal setup, my monitors, my mic stand, so doing my best here to give you all an episode, but there might maybe some technical difficulties at some point and we'll figure that out as we go, but you see that coin market cap up there for you, Brian.
1:48
[SPEAKER_01]: Yeah, I got him in a super, super, super producer Tvo's going to carry us through this a little bit.
1:54
[SPEAKER_01]: Yeah, it doesn't matter what state we're in.
1:56
[SPEAKER_01]: We're always bringing out the most banger content, but the get going Bitcoin right around 80 to 88,000 bucks.
2:03
[SPEAKER_01]: I think we touched around 90 a little yesterday.
2:06
[SPEAKER_01]: We touched a little 90 today, but keeps getting rejected.
2:09
[SPEAKER_01]: And it's, it's what we've been saying over the past couple weeks.
2:12
[SPEAKER_01]: It's been chopping a chopping a lot and there's really not
2:15
[SPEAKER_01]: many reasons why even though we're getting a tons of bullish news there's not a lot of reasons why I think we're going to find those new all-time highs over the next week or two for that beloved saint is rallying even though stocks are starting to turn pretty positive here I think they were actually in the in the fear and greed meter they're actually in the greed meter and crypto of course is still floating around in that fearful moment but
2:41
[SPEAKER_01]: Ethereum, just a shade below 3,000, Salana, about 124, again, it's a decent amount off those all-time highs that we were desiring and we were absolutely loving over the past couple months, but no real major concerns personally for me.
2:59
[SPEAKER_01]: It's just that standard correction that's standard washout.
3:02
[SPEAKER_01]: Now we're getting this, we're getting it a heart of this holiday season.
3:05
[SPEAKER_01]: A lot of people
3:09
[SPEAKER_01]: just kind of taking a breather out there.
3:11
[SPEAKER_01]: So not a lot of major catalysts that think are going to come through to get us over to a hundred or some wild number, but we've seen crazier things happen, but I think we're going to probably chop in this area for quite some time.
3:24
[SPEAKER_02]: Yeah, that seems to be the consensus heading into the end of the year.
3:28
[SPEAKER_02]: But always a fun thing at the end of the year is low liquidity.
3:31
[SPEAKER_02]: Or it can be fun, it can be fun one way, it can be not as fun the other way.
3:34
[SPEAKER_02]: You got to be careful when there's low liquidity.
3:36
[SPEAKER_02]: A lot of people, especially bigger hedge funds, taking off this week.
3:39
[SPEAKER_02]: So more importantly, like when the stock market has those half days, the flows are pretty slow.
3:45
[SPEAKER_02]: with a little liquidity, but as we know Bitcoin 24-7 trading, so it can kind of go either way.
3:53
[SPEAKER_02]: I remember that flash crash on Thanksgiving.
3:56
[SPEAKER_02]: I was back in like 20 and I think it was 22.
3:59
[SPEAKER_02]: Thanksgiving.
3:59
[SPEAKER_02]: I mean, there's just like sat down Thanksgiving table and think fell off a cliff.
4:03
[SPEAKER_02]: So, you know.
4:04
[SPEAKER_02]: always always on edge going to the holidays with one eye on the screen, but hopefully nothing too crazy happens unless it's to the upside.
4:12
[SPEAKER_02]: I'll put up the fear and greed index.
4:14
[SPEAKER_02]: Last month we hit a 10 extreme fear.
4:16
[SPEAKER_02]: Always interesting.
4:17
[SPEAKER_02]: Now we're in this fear range of the you know, 20 to 20.
4:20
[SPEAKER_02]: to 30, nothing, no price action that we've seen that's going to crawl us out of and get us to neutral any time soon.
4:27
[SPEAKER_02]: Everybody's pretty fearful and something that we haven't looked at in a while, Brian, that I wanted to pull up was the Bitcoin trends.
4:35
[SPEAKER_02]: This was something that I personally really like.
4:37
[SPEAKER_02]: I think a lot of people on the timeline.
4:39
[SPEAKER_02]: uh... say that it's not uh... it's not useful anymore because everybody knows what bitcoin is and i i i disagree because on the way up we saw that interest started spiking you know you know back when we're going to the sixties and eighties and the nineties especially the hundred you know the first time it that it was it was a good gauge and it i felt validated because this metric did work
4:58
[SPEAKER_02]: And I have it on a 12 month right here so you can see it got to on on the 12 month scale it got to the 100 bit coins in the blue And that was to the negative side and in October on the back end so Again, it it peaked because of negativity which I think is good and you kind of like to see the interest drop down Especially on on both sides if it's going up too crazy if there's this huge rip in the markets in the interest piles high
5:24
[SPEAKER_02]: usually when that pile high comes is when you see a big drawdown and same thing to the downside if there's a you know a big drawdown and everybody's googling what's going on with Bitcoin what's going on with Bitcoin and that that kind of peaks interest to maybe some long-time holders that add a little bit of crypto or a little bit of Bitcoin they're going to start selling because everybody thinks this the sky's falling and so same thing I think it's a good thing to see that trending down right now and just let Bitcoin kind of be as quiet as it can.
5:50
[SPEAKER_01]: Yeah, you know, I'm a big fan of the Bitcoin trends too, dude.
5:54
[SPEAKER_01]: I think it's a pretty good, you know, pulse on exactly whatever one's looking at.
5:58
[SPEAKER_01]: I get it that everyone knows what Bitcoin is.
6:01
[SPEAKER_01]: Everyone knows what crypto it.
6:03
[SPEAKER_01]: Well, not everybody.
6:04
[SPEAKER_01]: I was actually buying a cup of coffee earlier this morning, super early after the gym and I'm my Gemini card.
6:09
[SPEAKER_01]: And the guy looks at it and he goes out, do you pay what Bitcoin out of this or what?
6:14
[SPEAKER_01]: I was like, no, it's rewards.
6:16
[SPEAKER_01]: And then he just started talking my year off about Bitcoin and the drive through.
6:20
[SPEAKER_01]: and couldn't have known less and he was like oh no I'm gonna sit I'm gonna sit down and learn some more about it and I did it I gave a shout out I go if you really want to learn more about Bitcoin and everything's kind of the crypto world and you check out the crypto 101 podcast so I was out there boots to the street trying to bring one
6:43
[SPEAKER_02]: Okay, I don't know just one more person on the boat.
6:47
[SPEAKER_02]: You're saying one more in Chinese one more person on the boat here to join the the crypto one-on-one part and a natural non-advertising way shout out to the Gemini credit card man and we appreciate Gemini They just reopt for another round of presenting sponsorships.
7:03
[SPEAKER_02]: So you heard that at the front of the show
7:05
[SPEAKER_02]: Um, they're back in a big way and we really really do appreciate it.
7:08
[SPEAKER_02]: So if you're interested in like Brian said just buying cups of coffee Going to the grocery store and earning some, you know Bitcoin or are they if I think 50 other cryptos that are in that rewards program check out the links below for the Gemini credit card But I think here here's a I sent you this.
7:23
[SPEAKER_02]: I know that we're gonna save that one for later.
7:25
[SPEAKER_02]: Here's one pull and up
7:26
[SPEAKER_02]: at the end of the day all momentum names are down and so obviously Bitcoin led the way and then we always find that Interesting both ways because at certain points in the last year or two, Bitcoin's kind of outperformed on the way up in a way It's it's led the way up and then the stock market would follow that was a lot of analysts were saying like oh Well Bitcoin had a 510% move to the upside so now I'm looking for the NASDAQ to follow 5%
7:48
[SPEAKER_02]: And then Bitcoin obviously recently is falling out of bed and the stock market as a whole has not has not joined it What's happened in the stock market is is a broadening so your high-flying momentum names have come down I'll cover that that's what's on the screen in a second But it's the money hasn't come out of the stock market.
8:06
[SPEAKER_02]: It's actually rotated.
8:08
[SPEAKER_02]: It's rotated to health care It's rotated to you know discretionary and and travel leisure
8:14
[SPEAKER_02]: So I think that's a really good sign for the health of the market.
8:18
[SPEAKER_02]: Is that like liquidity is not getting pulled.
8:20
[SPEAKER_02]: It's not going into bonds.
8:21
[SPEAKER_02]: It's not going into cash.
8:23
[SPEAKER_02]: But in the crypto market like there's that doesn't really exist, right?
8:27
[SPEAKER_02]: There's no discretionary side of crypto.
8:29
[SPEAKER_02]: It's either kind of.
8:31
[SPEAKER_02]: Bitcoin is your discretionary, right?
8:32
[SPEAKER_02]: It's like Bitcoin all coins mean coins and then stable coins.
8:35
[SPEAKER_02]: So Bitcoin is in theory is as low risk on as you get, which obviously we've seen that the market as a whole designates Bitcoin still as a risk on asset.
8:45
[SPEAKER_02]: So I thought it was interesting just to pull this up because you could see Bitcoin, you know, at this point exactly, we don't have bread in here to do the chart thing where you grab the exact percentage down.
8:54
[SPEAKER_02]: I don't know if you know it off the top of your head, but we're in a 30 to 35% correction.
8:58
[SPEAKER_02]: Oracle 48% Luleum and down 52% She's get some new uh, get some new uh, jogging pants there Brian.
9:06
[SPEAKER_02]: Iron down 56% that's the Bitcoin minor in video down 20% Microsoft 14 meta 18 netflix down 30% big correction there.
9:16
[SPEAKER_02]: I on Q 46% core we've 65% so you can see kind of what we've talked about on the show recently is you know some of the money that we thought might go into the crypto craze of this bull cycle has been spread out into this AI the AI build out core we've AI data centers right iron taking their uh you know the big coin mining company that's thing going to sell their power to the a-trade
9:38
[SPEAKER_02]: circle stable coins down 73% and then obviously you have BM and R down 81% from its high.
9:45
[SPEAKER_02]: So the sky isn't falling just for Bitcoin, the sky is falling for momentum names.
9:51
[SPEAKER_02]: And again, the money hasn't come out of the market, which I think is the best side because if people get too scared and you know, too freaked out, they're pulling their money out of the market, they're going into the settlement funds, the money market funds are buying bonds.
10:04
[SPEAKER_02]: And that's not happening yet.
10:05
[SPEAKER_02]: So I think
10:06
[SPEAKER_02]: It's kind of that middle ground of this this trade, but any thoughts on the the momentum names here, Brian.
10:13
[SPEAKER_01]: Yeah, I mean, it's brutal numbers there by some really key players in the industry.
10:19
[SPEAKER_01]: But I think you said it really well, Tivo is the money is not getting pulled out of the market.
10:24
[SPEAKER_01]: It's just rotating and I do believe once things settle down.
10:28
[SPEAKER_01]: It's always going to find its way back into a lot of these names and a lot more risk on assets.
10:33
[SPEAKER_01]: Really, really not much more to say than it's not just Bitcoin and the crypto market.
10:38
[SPEAKER_01]: It's down.
10:39
[SPEAKER_01]: It's a lot of different momentum trades.
10:42
[SPEAKER_02]: Yeah, and this cycle run for Bitcoin has seen, you know, upwards of 500 plus percent gains from the bottom of the FTX collapse.
10:51
[SPEAKER_02]: And since then, we've had multiple 30 plus percent corrections.
10:56
[SPEAKER_02]: You can see in the summer of 24, 34% right after the new year here in 25.
11:01
[SPEAKER_02]: This year alone, we saw 32% and then obviously on the back end of 25 year, it looks like the numbers 36%.
11:06
[SPEAKER_02]: And then it's kind of bounce off the bottom there a little bit so far, at least.
11:11
[SPEAKER_02]: So I think if I could, if I could give a quick shout out, because it kind of relates what we're talking about and pulling it up right now, shout out to Mick.
11:22
[SPEAKER_02]: Mick from Australia DM the DM the Twitter account for crypto 101 today and just said He's been on his crypto journey for two years early days for him, but he just wanted shout out and say thanks for the podcast He comes to the crypto 101 podcast loves the interviews loves the rundown He says it keeps him grounded and reminds him to zoom out
11:41
[SPEAKER_02]: And that's why I want to do that.
11:42
[SPEAKER_02]: Number one to say thanks for Mick all the way from Australia.
11:45
[SPEAKER_02]: Merry Christmas to where we're happy holidays to whatever you're celebrating down there down under in Australia, our friend Mick.
11:51
[SPEAKER_02]: But he says zoom out.
11:51
[SPEAKER_02]: That's what we do on the show, right?
11:53
[SPEAKER_02]: We're the fundamentals.
11:53
[SPEAKER_02]: We're giving you the news flow.
11:55
[SPEAKER_02]: But you got to zoom out because it's been a great journey over the last two plus years.
11:59
[SPEAKER_02]: A lot of positives.
12:00
[SPEAKER_02]: And when you get tied up into these 30 plus percent corrections, everybody feels it is not fun at all.
12:06
[SPEAKER_02]: But again, it's been a part of your journey if you've been with us, you know, for the last year, two years and whatnot listening to the show.
12:14
[SPEAKER_01]: Our next subscribers with these drawdowns, I'll tell you that, my day, you know, it is never, hey, a couple of grades, a couple of grades in the beard.
12:23
[SPEAKER_01]: Yeah, it's, you know, it's never fun to live in a super volatile world like this.
12:28
[SPEAKER_01]: especially when you're in the middle of a draw-down or some sort of volatility, but again, we say it all the time, zoom out, nothing's broken.
12:37
[SPEAKER_01]: Fundamentally, Pickling's actually looked as strong as it's looked in a long time.
12:42
[SPEAKER_01]: I mean, a lot of adoption, a lot of interest.
12:45
[SPEAKER_01]: There's no shortage on news.
12:46
[SPEAKER_01]: We talked about this on last rundown.
12:48
[SPEAKER_01]: It's the last bear market we were in, like,
12:50
[SPEAKER_01]: 2022, or when it was like clearly a bear market, it was just, we were just like watching paint dry.
12:57
[SPEAKER_01]: It wasn't a lot of news, wasn't a lot of hype.
13:00
[SPEAKER_01]: But right now, every day, we're talking about like the Clarity Act coming through FedRATE cuts, new Fedchairs.
13:07
[SPEAKER_01]: I mean, I think even today I saw that Trump's media company added 40 million, 40 million dollars worth of Bitcoin.
13:15
[SPEAKER_01]: So there's a lot of reasons to be bullish and excited about the future.
13:19
[SPEAKER_01]: But in the moment, right now, we're in a drawdown, and that's exactly what it is.
13:24
[SPEAKER_01]: But these aren't that unordinary.
13:27
[SPEAKER_01]: I mean, this happens a lot, and it's gonna happen again.
13:31
[SPEAKER_02]: Yeah, I couldn't agree more and shout out to the chat here before we get into our next topic that builds off of that.
13:38
[SPEAKER_02]: We got, you know, damn holiday week here.
13:40
[SPEAKER_02]: We got about a hundred people tuning in live appreciate everybody here.
13:44
[SPEAKER_02]: I know we got Grant Grant is driving from Palm Beach back to Tampa.
13:48
[SPEAKER_02]: Shout out Grant.
13:49
[SPEAKER_02]: We have West Coast or I guess that's a different name Michael Michael's here.
13:53
[SPEAKER_02]: But I remember I guess he's the lobster.
13:58
[SPEAKER_02]: These coast lobster.
13:59
[SPEAKER_02]: Anybody else that's here getting the chat tell us where you're from and how you're doing today, and if you could just give us a like And if you're new bottom right hit the logo and subscribe, but Brian some really interesting stuff I sent you this thread that I'm gonna pull up here next It's the Goldberg's Bitcoin debate and when yeah
14:17
[SPEAKER_02]: I think we got to be as humble as we can, as Bitcoiners here, you got to say, hey, listen, gold one in 2025.
14:22
[SPEAKER_02]: It is what it is when it comes to price action.
14:25
[SPEAKER_02]: But was really, really interesting if we want to, if we want to scroll down and follow this thread with me, if you're watching on YouTube, this is something that truly nobody called.
14:34
[SPEAKER_02]: So do a little history first here in the thread.
14:36
[SPEAKER_02]: So 2013 gold crashed 28%.
14:39
[SPEAKER_02]: And then when that crash happened, 25 billion dollars got redeemed and was sold in an investor panic.
14:45
[SPEAKER_02]: 2025 Bitcoin drops 10% and 2020, I'm sorry, 2025 Bitcoin is dropped 10% we've had a, you know, an off year for Bitcoin here.
14:53
[SPEAKER_02]: 25 billion dollars of inflows has happened.
14:57
[SPEAKER_02]: So even though the price has gone down percentage wise, the inflows are up, which means the dip is being bought.
15:03
[SPEAKER_02]: And we, we know who's leading the big names.
15:06
[SPEAKER_02]: We talk about them all the time, but it's an interesting idea around psychology.
15:10
[SPEAKER_02]: Again, it's not as big as a drawdown, 28% in 2013 for gold versus 10%
15:15
[SPEAKER_02]: but it it seems it could hint at a new age of you know that's a fifty billion dollar swing from minus twenty five billion dollars twenty five billion of revisions to twenty five billion in flows that's fifty billion in the opposite direction um so we got the twenty twenty five leader board i bit rank six overall with twenty five billion dollars in that inflows the only negative performer on the board so i bet it's down for the year everything else on the board is
15:44
[SPEAKER_02]: Just I think that's really telling to kind of the fundamentals and the narratives that we've been kind of bringing to the show brine is like the price action hasn't been following the fundamentals, but traditionally if you ask any Especially big tech investor, it's hey, the story the fundamentals are going to lead lead the price and eventually the price catches up, but it's the fundamentals and the storyline of building out tech and building out the future that that kind of leads the way
16:10
[SPEAKER_01]: Yeah, this isn't about Bitcoin beating Gold's price.
16:13
[SPEAKER_01]: It's about behavior.
16:14
[SPEAKER_01]: Like you said, in 2013, Gold faced real stress.
16:17
[SPEAKER_01]: Investors panicked and they pulled out capital.
16:20
[SPEAKER_01]: And now in 2025, when Bitcoin faced real stress, institution stepped in and they bought aggressively.
16:27
[SPEAKER_01]: Really the same type of drawdown, but a completely opposite direction.
16:32
[SPEAKER_01]: And what that personally tells me is Bitcoin cross that, like you said, the real psychological threshold, and it's no longer being treated as a speculative trade or momentum asset.
16:43
[SPEAKER_01]: It's being treated like infrastructure, something institutions allocate to deliberately.
16:48
[SPEAKER_01]: They rebalance in during volatility, accumulate when the prices are under-disressing under pressure, and the most important signal here wasn't the price action, it's the flows, and the flows are showing convictions, especially conviction and Bitcoin.
17:04
[SPEAKER_01]: So to just kind of wrap it all up, markets talk through price, institutions talk through flows, and flows just told us Bitcoin isn't on the watch list anymore, it's basically in the portfolio.
17:17
[SPEAKER_02]: Yeah, and then here I'll pull up this as like a visual for people.
17:20
[SPEAKER_02]: So here's the the top inflows for ETFs for the year.
17:25
[SPEAKER_02]: And you know, as you can see here, I bet represents Bitcoin down 10% everything else on the leaderboard has a positive year to date.
17:31
[SPEAKER_02]: Which again overall for price action if you're going purely off percentages is not a good vote for Bitcoin, but I mean that the fact that it's down 10% with this type of inflow It just kind of tells you like hey, this is the vote of the institutions.
17:45
[SPEAKER_02]: This is the vote of Kind of the future in a way right because it probably is I can't guarantee this brand.
17:51
[SPEAKER_02]: I'd have to look it up, but my guess would be this probably one of the newest I bit like for how old it is right and
17:59
[SPEAKER_02]: It's probably one of the youngest options on this list, so it's something that we've said it's so many times BlackRock, when BlackRock's putting the time to not only invest in the product, but market it.
18:14
[SPEAKER_02]: This is something that they're planning for the next five, 10, 20 years.
18:17
[SPEAKER_02]: This isn't a six month play for them.
18:19
[SPEAKER_02]: and continuing on with the institutional side.
18:23
[SPEAKER_02]: I mean, friend of the show, Jamie crypto diamond himself.
18:26
[SPEAKER_02]: JP Morgan is exploring crypto trading for institutional clients.
18:30
[SPEAKER_02]: I know that's, you know, you want to your favorite friends of the show.
18:33
[SPEAKER_02]: Jamie crypto diamond, but it just continues.
18:35
[SPEAKER_02]: It just continues with JP Morgan, Brian.
18:38
[SPEAKER_01]: Yeah, I mean, they're jumping in.
18:40
[SPEAKER_01]: I mean, they were calling Bitcoin Pet Rock just a few years ago now that are out telling their investors to allocate more assets to crypto to start paying attention.
18:49
[SPEAKER_01]: They've been buying.
18:50
[SPEAKER_01]: They've been offering this to their clients.
18:53
[SPEAKER_01]: And it's really an exciting time.
18:56
[SPEAKER_01]: And this bleeds opportunity, my eyes.
18:59
[SPEAKER_01]: I feel like
19:00
[SPEAKER_01]: Every time the market's ripping and we're at $120,000 Bitcoin and we're all just so happy.
19:06
[SPEAKER_01]: You know what my number one feeling is is I'm underexposed.
19:10
[SPEAKER_01]: I wish I had more.
19:11
[SPEAKER_01]: I really feel that way.
19:15
[SPEAKER_01]: And it's this is our opportunity to daughter cost average in.
19:18
[SPEAKER_01]: Do I think we could bleed a little bit lower?
19:21
[SPEAKER_01]: That's always a possibility.
19:22
[SPEAKER_01]: We could go down another 10%.
19:24
[SPEAKER_01]: to 80,000 in rebound up.
19:27
[SPEAKER_01]: But I think in the long run, we're definitely going to beat all time highs and Bitcoin.
19:32
[SPEAKER_01]: I think we're going to be very happy because you could just see the smart where the smart money's flowing.
19:37
[SPEAKER_01]: You just showed the gold versus Bitcoin debate.
19:40
[SPEAKER_01]: I think that's so telling.
19:41
[SPEAKER_01]: gold had one of its best years of all time.
19:45
[SPEAKER_01]: Bitcoin was down slightly, but they both attracted very similar institutional interests.
19:51
[SPEAKER_01]: So what happens whenever gold starts to cool off when we all realize it's just a gold shiny rock and people are more interested in what's happening in the Bitcoin world.
19:59
[SPEAKER_01]: I think Bitcoin and those inflows are going to absolutely pop off.
20:02
[SPEAKER_01]: And it doesn't scare me that much.
20:05
[SPEAKER_01]: This is what we're chopping.
20:07
[SPEAKER_01]: We're kind of getting rid of some of the short sellers.
20:10
[SPEAKER_01]: We're establishing a strong base.
20:13
[SPEAKER_01]: This happens all the time.
20:14
[SPEAKER_01]: 30, 40% drawdowns aren't that uncommon, unfortunately.
20:19
[SPEAKER_01]: And that's why a lot of us are in this market.
20:21
[SPEAKER_01]: Volatility, we can use this to our advantage.
20:24
[SPEAKER_01]: So I'm personally dollar cost averaging in.
20:27
[SPEAKER_01]: Because every time we hit a new all-time in Bitcoin, the number one feeling I have is,
20:32
[SPEAKER_01]: Well, my number one feeling good, this is great.
20:34
[SPEAKER_01]: The number two very close is, I wish I had more.
20:38
[SPEAKER_02]: Right, I mean, volatility is opportunity.
20:41
[SPEAKER_02]: Those are words that I've listened and learned.
20:45
[SPEAKER_02]: And it takes a couple of shots on the chin before you can learn and harness that volatility as opportunity.
20:53
[SPEAKER_02]: But I certainly do believe that as well.
20:56
[SPEAKER_02]: Moving on to this because I think this is important to bring up another thing that we have not talked about is the M2 monies fly global liquidity Vership Bitcoin for a while basically last two years.
21:07
[SPEAKER_02]: This thing has been tied at the hip usually M2 money supply Leading Bitcoin by a little bit and Bitcoin catches up, but that has not been the case.
21:14
[SPEAKER_02]: This is definitely the widest gap.
21:16
[SPEAKER_02]: It's been in recent memory
21:19
[SPEAKER_02]: And there's a lot of people on the timeline that think this is, you know, this is true religion, that it's always going to catch up.
21:26
[SPEAKER_02]: That seems to have faded.
21:27
[SPEAKER_02]: So I think it's important to to bring that up to even when it's not going your way.
21:30
[SPEAKER_02]: But it's hard to see these charts being this far apart.
21:34
[SPEAKER_02]: In my opinion, I think it's hard to see these charts being this far, far apart for for too long of a time.
21:39
[SPEAKER_02]: So maybe I'm too comes back in.
21:41
[SPEAKER_02]: something as a lagging indicator that you know we didn't see coming or you know eventually I think Bitcoin starts to at least move towards catching up to this but important to bring up even when it didn't go as planned for a lot of the crypto crypto bulls on the timeline
21:56
[SPEAKER_01]: Yeah, this chart, which is a few months ago, whenever we were right, absolutely mirroring it on that move to the upper right hand corner there, we were all like this is going to set us up.
22:06
[SPEAKER_01]: This is exactly what we want to see.
22:08
[SPEAKER_01]: It's mirroring M2.
22:10
[SPEAKER_01]: But of course, it didn't work out that way.
22:12
[SPEAKER_01]: Again, it's just one of many metrics out there.
22:15
[SPEAKER_01]: I think Bitcoin could close that gap very quickly in the right conditions.
22:21
[SPEAKER_02]: Yeah.
22:21
[SPEAKER_02]: Well, again, just something to monitor.
22:23
[SPEAKER_02]: I think, um,
22:25
[SPEAKER_02]: It almost seemed like I do agree I was everybody was following this for so long that when that green line took off to the top right The end of the summer, you know, it was everybody was like all right here.
22:34
[SPEAKER_02]: We go the run into the end of the year The you know a lot of a lot of fundamentals where they're not just this chart.
22:39
[SPEAKER_02]: I'm that was making people bullish in the year and then obviously October October 10th or whatever the exact day was for that largest liquidity
22:47
[SPEAKER_02]: drain and crypto history set us back and continues to set us back and disrupts the underlying fundamentals of of the the bullish narrative for sure.
22:55
[SPEAKER_02]: Um, but just something just some I thought was, you know, good to bring up because you can't just bring stuff up when it works.
23:01
[SPEAKER_02]: Again, you got to get the whole picture, which is why it's only one data point.
23:04
[SPEAKER_02]: It's not, you know, the only data point.
23:06
[SPEAKER_02]: something that is exciting for the space kind of something we knew was coming was Coinbase had a big announcement last week.
23:13
[SPEAKER_02]: They're doing stocks.
23:15
[SPEAKER_02]: They're trying to do the all-in-one.
23:17
[SPEAKER_02]: The all-in-one platform stocks prediction markets, Dex asked us the whole nine yards.
23:23
[SPEAKER_02]: Let's let Brian, you know, CEO of Coinbase, Brian Armstrong telling his own words.
23:31
[SPEAKER_00]: Recap.
23:32
[SPEAKER_00]: There's everything we shift in the second half of this year at Coinbase.
23:35
[SPEAKER_00]: First, you launch everything exchange.
23:38
[SPEAKER_00]: You can now trade multiple asset classes on Coinbase, equities, prediction markets, millions of crypto assets, token sales, simple derivatives, anywhere any time.
23:47
[SPEAKER_00]: Next, Coinbase is not just a trading platform, we're building it to power your entire financial life.
23:53
[SPEAKER_00]: Today, the announced Director-Pause is been unstaking during back loans, updates to our product and a redesigned peer-to-peer payment experience.
24:02
[SPEAKER_00]: We've also shared an AI-powered advisor designed to help you manage your financial life.
24:07
[SPEAKER_00]: Next, we shared what we're building for businesses and developers.
24:12
[SPEAKER_00]: When based business is now out of beta, and available to everyone, and we shared a number of updates to our fast growing and based developer platform, the speed of APIs designed to integrate from
24:23
[SPEAKER_02]: uh, a mystery action for you, Brian, tossing it to you.
24:27
[SPEAKER_01]: And yeah, I mean, I felt this pretty closely.
24:29
[SPEAKER_01]: This happened Wednesday night.
24:30
[SPEAKER_01]: It was an interesting live stream, obviously, bullish for anybody in the space.
24:34
[SPEAKER_01]: Great for Coinbase.
24:36
[SPEAKER_01]: I think the 24-7 stocks and equities super interesting.
24:40
[SPEAKER_01]: We pretty much knew that we could come out with a prediction market because it's a prediction market super cycle.
24:45
[SPEAKER_01]: They're going to be offering salon-based assets.
24:47
[SPEAKER_01]: He talked about the AI assistant.
24:50
[SPEAKER_01]: It was just a plethora of announcements.
24:52
[SPEAKER_01]: And it's exactly what he said there.
24:54
[SPEAKER_01]: They wouldn't become the everything app.
24:56
[SPEAKER_01]: And I think Robin Hood is doing that as well.
25:00
[SPEAKER_01]: Coinbase is well on their way.
25:01
[SPEAKER_01]: They're embracing this on-chain data, the blockchain, the world we're moving into.
25:08
[SPEAKER_01]: And this is exciting, great for Coinbase.
25:11
[SPEAKER_01]: It's super exciting for anybody that's by holds on to their stock.
25:16
[SPEAKER_01]: It's super exciting for our entire industry.
25:19
[SPEAKER_01]: I think there's just even more to come.
25:23
[SPEAKER_01]: They're trying to be bigger and better out there.
25:25
[SPEAKER_01]: And I have a feeling that they're going to be pretty successful becoming the everything app.
25:30
[SPEAKER_02]: Yeah, it's interesting where this everything app has kind of taken over, you know, bias take here, but it sounds a lot like Robinhood.
25:40
[SPEAKER_02]: I mean, everything from the AI portfolio manager, you know, and kind of, you know, it is like, I know, obviously Brian Armstrong's done events and live, you know, live shooting the trip before, but that whole set up there is very similar to what Robinhood's been doing like every quarter now for, for a while and for their big announcements and whatnot.
25:59
[SPEAKER_02]: there's uh... you know there's room for multiple people in the space for sure uh... definitely don't think coin bases going anywhere but i i i i will say i think it's harder like you originally went to coin base for crypto right it was uh... you know where i first went to go to you know start buying multiple cryptos and all that stuff you know way back in the day so
26:19
[SPEAKER_02]: I understand the concept I just think if you you think like when I think Coinbase I think crypto Robinhood started is just kind of like all right the online app brokerage and then the game stopped thing and it was kind of like a gambling In a sense you were going there for more leverage options and then it's kind of
26:36
[SPEAKER_02]: It feels like maybe Robinhood is like grown up with its users in a way and matured with them in a way while still offering crypto and all types of leverage and all that stuff.
26:47
[SPEAKER_02]: But it feels like if you can get somebody hooked on their UI and it's a good experience like your users are growing up with you and you're doing multiple things where it's Coinbase it felt like it was always like, well Coinbase is my crypto only account.
27:00
[SPEAKER_02]: And then to kind of get them now in the stocks and stuff, I think there's a little bit like it better be a great experience of great UI because I just think the, you know, the bar, the barrier to entry is is going to be a little bit higher whereas Robinhood is kind of always just offered everything to begin with.
27:16
[SPEAKER_01]: It turns like a guy who bought Robin Hood's stock in the teens.
27:20
[SPEAKER_01]: That's what that thing is.
27:23
[SPEAKER_02]: That's not lie to the viewers' brine.
27:25
[SPEAKER_02]: It was $9.50.
27:26
[SPEAKER_01]: That's not lie to the viewers.
27:32
[SPEAKER_01]: We're going to see a lot of these things.
27:33
[SPEAKER_01]: I think Gemini is gonna roll something out similar as well.
27:37
[SPEAKER_01]: They'll have a prediction market.
27:38
[SPEAKER_01]: They'll have stocks.
27:39
[SPEAKER_01]: They'll have equity I think we'll have a lot of players in the space.
27:42
[SPEAKER_01]: I agree with you kind of Robin Hood paved the way for this vision Coinbase is unique as well because they have what they hold the custodian for a ton of ETFs
27:55
[SPEAKER_01]: They hold a lot of the cryptos for a lot of these ETF holders, so there's going to be a lot of players in this space, and I think that a lot of them can be very, very successful.
28:06
[SPEAKER_01]: I agree with you, it does feel like Robin Hood kind of started this off and kind of gave us that appetite there for what they're building isn't everything gap.
28:15
[SPEAKER_01]: But we're going to see a lot of these companies roll out and do this, but overall,
28:20
[SPEAKER_01]: What this all points to is a bullish case for crypto and blockchain and on-chain trading to succeed.
28:28
[SPEAKER_01]: We're finally going to be like, we're going to queue to what we have 24-7 stock trading.
28:34
[SPEAKER_01]: It's about time.
28:35
[SPEAKER_01]: I think that's from a technical standpoint or technology standpoint.
28:39
[SPEAKER_01]: We've been able to do that for a long time.
28:42
[SPEAKER_02]: Yeah.
28:43
[SPEAKER_02]: And again, love coin-based bullish coin-based, I think what you just said, I want them to focus even more on real world use cases for blockchain.
28:53
[SPEAKER_02]: And obviously, we all love base and integrating base and working inside the ecosystem to be a part of this.
29:00
[SPEAKER_02]: I think that's where the leadership of
29:02
[SPEAKER_02]: of him and Vlad and all those top CEOs that are pro-crypto will be doing for many many years to come.
29:09
[SPEAKER_02]: So super exciting from Coinbase.
29:11
[SPEAKER_02]: Obviously we have a ton of their people on from all different.
29:14
[SPEAKER_02]: We had Coinbase ventures recently, Coinbase Echo recently.
29:17
[SPEAKER_02]: They're building so many cool things.
29:19
[SPEAKER_02]: And they're on the forefront of that, you know, bridging real-world use cases.
29:23
[SPEAKER_02]: So a lot of more fun stuff from Coinbase to go.
29:28
[SPEAKER_02]: The link is bringing up an ad here, but you want to touch on the draft king's release for the prediction market's app Brian
29:34
[SPEAKER_01]: Oh yeah, yeah, that might have been the link that I shared a little bit fire or so Walnut but essentially we we've been talking about prediction markets on every single rundown Joe and I talk about it all the time.
29:45
[SPEAKER_01]: We have Vlad from Robinhood just recently calling it a prediction market super cycle for good reason because everybody's talking about prediction markets recently and draftings shout out on old employer.
29:59
[SPEAKER_01]: We knew it was going to happen eventually
30:02
[SPEAKER_01]: that they were going to be interested in prediction markets for a for a plethora of reasons that they get access to all 50 states.
30:08
[SPEAKER_01]: They get contracts to everything for other things other than sports.
30:13
[SPEAKER_01]: And they rolled out prediction markets.
30:15
[SPEAKER_01]: Now they have a whole new app, draft Kings prediction markets, and they're going to rival what Pauli market is doing out there.
30:22
[SPEAKER_01]: And again, it kind of feels like
30:25
[SPEAKER_01]: everybody in their mother right now is coming out with the prediction market.
30:28
[SPEAKER_01]: There's going to be a few that succeed, but again, prediction markets are not going anywhere.
30:35
[SPEAKER_02]: Yeah, and, you know, I'm a hot-take connoisseur, as you know, I think that draft King's is a little late, a little late, and I know that there's legal reasons behind it, but having having an
30:51
[SPEAKER_02]: I think what could be exciting, I think, where they do have a leg up and calcium polymarketer doing this, trying to hire our market slash partner with different creatives.
31:00
[SPEAKER_02]: Obviously, draft Kings has a huge reach, which is with its gambling content creators, the huge deal with bar stool.
31:07
[SPEAKER_02]: So, can you get the Dave Fort noise in the big cats of the world into this type of stuff, possibly?
31:13
[SPEAKER_02]: I think it'll be a huge initiative for sure.
31:15
[SPEAKER_02]: And so that maybe that's a
31:20
[SPEAKER_02]: people to download the app, but I think, and it goes back to my analogy that I set on this show many times that this is going to be like the gambling app when everybody had a gambling app, you know, obviously penned, failed, and you know, failed with barstool, they failed with the SPN, and I penned spent like $2 billion and has no gambling app Ryan, like just the money's disappeared, I guess it's
31:45
[SPEAKER_02]: It's actually in in the Florida Keys with Dave's new a beautiful house there But yeah the pen pen lost that race, but draft King's won that one right draft King's is the king if you will in Fandle to up top So now this whole thing it's an interesting I think it's really interesting how it was a spend to the bottom for gambling apps
32:08
[SPEAKER_02]: and draft king's in fan dual one and then this prediction market super cycles basically come out of nowhere and is now coming at them on a different angle, which I just I find fascinating just from a business perspective.
32:21
[SPEAKER_01]: But yeah, you know, sorry, you caught out importantly though and I know one of the first tweets I saw was portnually actually saying everyone used draft king's prediction app, especially here in Florida.
32:34
[SPEAKER_01]: And yeah, it was just exactly to see him call that out.
32:37
[SPEAKER_02]: No, because obviously when he's in Florida, like myself, it's hard rock bet only, and hard rock bet's not really a great experience to be quite honest, unless they want to sponsor the pot.
32:50
[SPEAKER_02]: they do, I love hard rock bad, if they don't, I don't like hard rock bad, of course.
32:55
[SPEAKER_02]: But yeah, not the best experience, sports betting wise, so yeah, you maybe download, maybe I'm gonna be a drag, who knows, maybe I'm a draft king's prediction market guy, sooner or later, who knows.
33:06
[SPEAKER_02]: But I think just to kind of move on, I have some quick hitters here, some government quick hitters, if you will, let me see where's Riverside here, got lost in the sauce here on the producer end.
33:18
[SPEAKER_02]: Some government quick hitters.
33:21
[SPEAKER_02]: David Sachs, David Sachs, kind of throughout a tweet.
33:25
[SPEAKER_02]: I think I might have it that lost it here.
33:29
[SPEAKER_02]: Here we go.
33:30
[SPEAKER_02]: David Sachs, David Sachs, kind of thanking some people in government.
33:35
[SPEAKER_02]: And basically saying that the Clarity Act is coming up in January, looking for it to be confirmed.
33:41
[SPEAKER_02]: We think that as a team and as a community, I think I've heard, you know, kind of Bryce talk about it a lot is once the Clarity Act does get passed.
33:50
[SPEAKER_02]: It's kind of green lights.
33:52
[SPEAKER_02]: Obviously a lot more stable coin usage and kind of kind of give it the green light for a lot more liquidity to get into the crypto ecosystem, which we think is bullish for Bitcoin and Ethereum Is that something you agree with Brian or kind of a take on the Clarity Act passing is bullish
34:08
[SPEAKER_01]: Yeah, of course.
34:09
[SPEAKER_01]: It's designed to clearly define when crypto assets of securities versus commodities.
34:13
[SPEAKER_01]: It gives builders, it gives investors, it gives institutions clear regulatory rules.
34:18
[SPEAKER_01]: Instead of the enforcement buy lawsuit type of vibe.
34:23
[SPEAKER_01]: So when we get more clarity, hence the clarity act when we get more regulatory rules, it's going to make
34:29
[SPEAKER_01]: more institutions, more builders, more people attracted.
34:32
[SPEAKER_01]: So I think it's actually one of the bigger catalysts we've seen the year 2026 and it could help us get us out of these choppy waters.
34:41
[SPEAKER_02]: Yeah, and then before we move on to our next quick hit, I want to give a shout out to the chat.
34:45
[SPEAKER_02]: We got Danny from Maple Valley, Washington, Frank, I don't know, sorry, Frank, that's the name.
34:53
[SPEAKER_02]: Amy, Amy's from New Jersey, Arizona Bob, Arizona Bob, happy holidays to all, thank you, Bob.
34:59
[SPEAKER_02]: And then we got a couple questions, which we'll get to at the end.
35:02
[SPEAKER_02]: So if you're on the live and you haven't given us a thumbs up.
35:04
[SPEAKER_02]: If you're new, bottom right hit the logo to subscribe and drop in your questions.
35:09
[SPEAKER_02]: We'll get to those at the end of the program.
35:12
[SPEAKER_02]: But our next quick hitter is as I saw, I thought this was interesting, kind of came out of nowhere.
35:16
[SPEAKER_02]: Sanitor Lumus, Cynthia Lumus is going to retire.
35:19
[SPEAKER_02]: She was one of the first really active kind of voices on Twitter, I thought of Crypto Twitter to be really pro Bitcoin and to be at all the conferences and kind of rallying a lot of troops.
35:30
[SPEAKER_02]: So we thank her for her service, but I think it's interesting that she's she's
35:36
[SPEAKER_02]: tapping out.
35:36
[SPEAKER_02]: Do we see her going, uh, she could be at the board of Gemini soon enough, uh, you know what, what, what private job she can be taking.
35:43
[SPEAKER_01]: You think no joke whenever I saw that on the sheet.
35:47
[SPEAKER_01]: And I was like, oh, I saw trending.
35:49
[SPEAKER_01]: I was like, that's a bummer because she's been pushing so hard.
35:52
[SPEAKER_01]: And then I was like, it's only a matter of time until she has a seat at the Coinbase table.
35:56
[UNKNOWN]: Oh,
35:57
[SPEAKER_02]: Yeah, no doubt, no doubt in my mind, I think she'll still be well-involved in the industry unless she just wants to ride off into the sunset in Wyoming, which I'm sure is a beautiful place of her home state.
36:09
[SPEAKER_02]: And then again, we mentioned this before, but all eyes are on the announcement for the new Fed share.
36:14
[SPEAKER_02]: I was trading it on the prediction markets.
36:16
[SPEAKER_02]: I did actually really well, right?
36:17
[SPEAKER_02]: I got the, uh, I had the, uh,
36:21
[SPEAKER_02]: I was trading I was I was kind of using the prediction markets to its full potential because I bought something I saw a tweet that he was gonna announce it before the end of the year bought that really quick It's shot up.
36:31
[SPEAKER_02]: I ended up trading out of that because I saw that it was Kevin has it had an interview and then he kind of gave a little like Yeah, I'm a front runner.
36:38
[SPEAKER_02]: So I put it on him his odd shot up and then I was like, oh man I just you know, I did the right thing.
36:43
[SPEAKER_02]: I sold out of this bought that and then I ended up selling out of that as well
36:48
[SPEAKER_02]: and both those trades ended up falling apart and went to zero so that was the right way to to use those prediction markets because I got out of them which was uh which was good because we all know I've had some uh had a couple losers as well on the way and trying to figure this stuff out but always fun always fun when dabble in the prediction markets but new fed share I think I saw something today actually
37:08
[SPEAKER_02]: uh... he's gonna announce at the first week of january prime and then yeah the the race is kind of heated up it originally was has it was out in the lead and now it's kind of tied up between him and another and i think there's a third and there's well
37:20
[SPEAKER_01]: Yeah, I mean, that's that's gonna be a big announcement as well Trump's hand picking another fedcha.
37:25
[SPEAKER_01]: He picked power, right?
37:26
[SPEAKER_01]: Trump, Trump.
37:27
[SPEAKER_01]: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah
37:48
[SPEAKER_02]: Yeah, that's definitely going to be something to watch for, um, and kind of something that I've seen, uh, kind of, uh, trackify talk about now is really interesting.
37:58
[SPEAKER_02]: So there's there's kind of been this narrative that the new fetcher is going to come in and slash rates because that's what Trump wants.
38:03
[SPEAKER_02]: I've actually seen a counterpoint of that is that the market always tests a new fed share.
38:09
[SPEAKER_02]: I don't have the charts with me, maybe it's something we could try and find for early in the year.
38:12
[SPEAKER_02]: But it was something about each time a new fed share is instated.
38:15
[SPEAKER_02]: So not only being named, but after they get named, it takes a couple months, I believe, to go through the process, confirm them and get them into the job.
38:23
[SPEAKER_02]: But there was a stat of how the market every new Fed share that comes in within the first year the market quote unquote test them to see what type of Fed put There is so that's not a bullish bullish argument for the markets as a whole with a new Fed share necessarily coming in so I thought that was interesting kind of style See if I can dig up some stuff for earlier in the new year with some charts around that to showcase that That wouldn't be for Bitcoin specifically that'd be for more the S&B 500
38:52
[SPEAKER_02]: but uh let's do let's let's end the show we got we got Brian here in the holidays Brian's our momentum money makers with Joe uh that's the two legends in the uh in the crypto trenches as we like to call so he's gonna give us some uh some meme coin news some updates they've been given out winners left and right going into the end of the year even though Bitcoin hasn't treated us well
39:11
[SPEAKER_02]: So down in the down in the description, I put a link if you're interested.
39:15
[SPEAKER_02]: I think it's like a I think it's a $3 trial or $1 trial or something for momentum money makers So if you're interested in joining Brian and Joan getting the first alerts for these trades that they do Check the description below Brian.
39:25
[SPEAKER_02]: What do you got for us today?
39:27
[SPEAKER_01]: Yeah, I think what did we put on the sheet here?
39:30
[SPEAKER_01]: The six seven coin.
39:31
[SPEAKER_01]: All right.
39:31
[SPEAKER_01]: This is, uh, me.
39:32
[SPEAKER_01]: Oh, man.
39:34
[SPEAKER_02]: Let's look for the holiday season though.
39:37
[SPEAKER_02]: Perfect for the holiday season because everybody's going home.
39:40
[SPEAKER_02]: I got my little cousins.
39:40
[SPEAKER_02]: I'm going to go see later today.
39:42
[SPEAKER_02]: They're going to be hitting me with the six seven all night.
39:44
[SPEAKER_02]: I'm sure.
39:45
[SPEAKER_01]: It's not stopping, and my kids, I got four kids, and if I say anything, we're watching football yesterday.
39:54
[SPEAKER_01]: The score was seven, nothing, somebody, and then somebody scored a touchdown when six, seven, three of my four kids ran in, they go.
40:01
[SPEAKER_01]: 67, 67, and is ridiculous as it is.
40:06
[SPEAKER_01]: It is just absolutely one of the most memeable things now.
40:10
[SPEAKER_01]: Did you see that women's college basketball game where the score was 64?
40:16
[SPEAKER_01]: Yeah, the 64 is something
40:22
[SPEAKER_02]: And it was like, uh, at least one of their multiple ones, but there's one that was like a field trip for kids, the whole stadium was filled with like, you know middle school aged kids and they went absolutely nuts.
40:33
[SPEAKER_01]: Yeah, and there was a Christmas show.
40:35
[SPEAKER_01]: I saw it's trending out there where he keeps kids were doing Christmas carols and they sang this whole song around 67.
40:42
[SPEAKER_01]: Well, where I'm going with this is a 67 actually hit a pretty interesting metric.
40:48
[SPEAKER_01]: If this was January of last year, this is a multi billion dollar meme coin and we're all probably getting rich because it's going up only.
40:58
[SPEAKER_02]: Yeah, I agree with that.
40:59
[SPEAKER_02]: This happened.
41:00
[SPEAKER_02]: No, I just I totally agree with what you just said.
41:02
[SPEAKER_02]: I was like, this is one of those things that if it happened, you know, January last year or this year, earlier in January, I think this thing would have flew.
41:12
[SPEAKER_01]: Yeah, it would absolutely smash, but with that all being said, it's not trading 25 million dollar meme coin in a market where it's there's not a lot of hot meme coins out there.
41:24
[SPEAKER_01]: So it's certainly a my short list to keep an eye
41:27
[SPEAKER_01]: just because has this lore continues to grow around 6-7 you either love it you could love it you could hate it no matter what it doesn't feel like it's going anywhere uh it's just literal brain rot and we've all had our own fair share of brain rot whenever I was a kid I used to scream your mom at people and it was up from the two from the TV commercials
41:51
[SPEAKER_01]: it's every generation has it.
41:53
[SPEAKER_01]: This is six seven for some reason.
41:56
[SPEAKER_01]: Is it right now?
41:58
[SPEAKER_01]: So it's an interesting meme going to keep rise on because if it continues to grind upwards, it could it could be bullish for the trenches.
42:07
[SPEAKER_01]: So it's something I'm watching.
42:09
[SPEAKER_02]: Yeah, now you guys are, you know, always first alert in your trench.
42:13
[SPEAKER_02]: Your trench watching has been second to none this year alone.
42:20
[SPEAKER_02]: But even in the back end of the year, you guys are still picking some good ones.
42:23
[SPEAKER_02]: So if you're interested in momentum money makers again, check that link below to get more information about how you get those first alerts from Brian
42:31
[SPEAKER_02]: uh... any anything else to wrap the show and then the last thing uh... brine i have one more here and then we'll do some questions so if you have some questions throw them in i saw ted from jacksy saying go jacks my god a playoff run from the jacks this year uh... let it look good they look good they look good they're going to have to run into uh... mac jones up in the wingland so not sure but ted thanks for joining us and anybody there's any questions i saw we had one from robber will get to that
42:54
[SPEAKER_02]: If anybody else has one before we end the show, hop in, last call for questions, but Brian, what was, see, Rex, you guys, I know you love Rex, Rex rewards and stores right now.
43:05
[SPEAKER_01]: Yeah, you know, it's, uh, some interesting announcements there with Rect.
43:08
[SPEAKER_01]: It sounds like you're, you're, you're going to be able to buy the rectorings in giant Eagle, uh, I'm from, uh, the Pittsburgh area.
43:14
[SPEAKER_01]: So everybody out there knows giant Eagle and you'll be able to actually claim these rewards.
43:19
[SPEAKER_01]: So it's going to be interesting how this world of these brand coins you go in, you buy a physical product and you can go out and you can claim the coin.
43:28
[SPEAKER_01]: So I'm still pretty bullish on Rect overall.
43:30
[SPEAKER_01]: I got the Rectat.
43:32
[SPEAKER_01]: And I have to not to correct you by half to make a call out.
43:35
[SPEAKER_01]: Mac Jones is no longer.
43:37
[SPEAKER_01]: Oh, sorry.
43:39
[SPEAKER_01]: Sorry.
43:40
[SPEAKER_01]: It's Drake's May, the savior of my lady.
43:44
[SPEAKER_02]: Drake, yeah, you say, you know, it's the correct it's the correct call.
43:47
[SPEAKER_02]: It's the correct call.
43:47
[SPEAKER_02]: Sorry, early early day here on a Monday.
43:50
[SPEAKER_02]: Got the flight.
43:51
[SPEAKER_02]: I'm not in my, uh, I'm not in my thing.
43:52
[SPEAKER_02]: And I'll do sports media anymore.
43:54
[SPEAKER_02]: So I guess that's a mistake.
43:56
[SPEAKER_02]: I'll have to I'll have to own, but
43:57
[SPEAKER_02]: Uh, yeah, great man that Drake made you that guy's throwing darts last night darts.
44:02
[SPEAKER_01]: He looked he looks good and then Trevor Lawrence, uh, who wasn't that said, uh, Ted from Jack's man, they look good.
44:09
[SPEAKER_01]: I've, I've kind of hated on Trevor Lawrence over the past few years and I think everybody out there has, but he's looked good.
44:16
[SPEAKER_01]: His game yesterday was great.
44:18
[SPEAKER_01]: So, uh, just pivoting a little bit to sports.
44:21
[SPEAKER_01]: It doesn't feel like there's any clear cut.
44:24
[SPEAKER_02]: winner out there for a super bowl winner out there so it's anybody's ball game right now and it could be anybody and there's good as anybody yeah no doubt we'll we'll get some prediction market football taco and once the playoffs hit but we had a question from let's see Robert are you concerned about Morgan Stanley preventing crypto collecting companies such as MSTR so I guess he's referring to
44:51
[SPEAKER_02]: not just offering the stock, but that M-M-S-C-I, you know, including in the kind of the passive flows of the fear included in, you know, the Nasdaq 100s, the Nasdaq 200s S-B-500s.
45:04
[SPEAKER_02]: I personally, I think if they did get banned, it would be a big drawdown specifically for that stock.
45:13
[SPEAKER_02]: for the overall narrative.
45:14
[SPEAKER_02]: I'm personally not concerned.
45:16
[SPEAKER_02]: I mean, it could be one of those things where it gets a life of its own for for some type of drawdown, but I don't think I think it would be an easy by the dip opportunity for me personally.
45:26
[SPEAKER_02]: If that was the only news around it.
45:28
[SPEAKER_01]: Yeah, I think that's a pretty good call out.
45:31
[SPEAKER_01]: Wall Street's not anti Bitcoin.
45:34
[SPEAKER_01]: It's like pro structure and the structure currently favors like ETFs over these crypto heavy operating companies right now.
45:43
[SPEAKER_01]: I wouldn't be overly concerned.
45:45
[SPEAKER_01]: We'll see how that shakes out, but it would cause the price to go down if there was an announcement there for sure.
45:52
[SPEAKER_02]: Yeah, and we've talked about microstrategy and obviously Michael Sailor, friend of the program is done a ton of stuff for the, I call it the alchemy of microstrategy just all their offerings is like really confusing it's it's too confusing for me to really understand all those different derivative plays and the the yield bearing plays and all the stuff that they do offer he calls himself a Bitcoin operating company and they have a ton of offerings now.
46:19
[SPEAKER_02]: they started raising cash for their yield-bearing products and it has gotten a little a little crazy whereas at least for now and things could change but like a bit mind being at B.M.N.R.
46:30
[SPEAKER_02]: is just like, hey we're stacking, we're not selling it, we're going to stake it and that's staking is going to, you know, that's an easier process to kind of understand.
46:38
[SPEAKER_02]: So specifically for MSTR, there seems to be a lot more going on underneath the hood, which could give maybe a little bit more scrutiny around it, right?
46:47
[SPEAKER_02]: Because there's just a lot going on underneath that umbrella.
46:51
[SPEAKER_02]: So something to watch, but again, you shouldn't have all, you know, it's not personal financial advice for anybody ever on the show, but you shouldn't have all your eggs in one basket, no matter what it is, whether it's MSTR, you know.
47:05
[SPEAKER_02]: or I bit or BMNR anything so you know that's kind of what we preach here is kind of understanding what you own and planning your trades and trading your plans so that was the only true question we got except let's see East Coast Lops here saying that
47:20
[SPEAKER_02]: Larry think wants to buy it put everything on the blockchain on all the Bitcoin and he's going to Charles Schwab and he's going to own everything and we own nothing so yes that is some some some some quotes we've seen running around on the internet is you'll you'll nothing and be happy is the new world orders trying to to tweet that out sometimes so
47:40
[SPEAKER_02]: own your heart assets and understand what you own, but Brian, and any final thoughts for the people heading into the holiday week here.
47:46
[SPEAKER_02]: It is Monday, December 22nd.
47:49
[SPEAKER_02]: This is going to be our last live for the year.
47:51
[SPEAKER_02]: So we appreciate everybody tuning in.
47:53
[SPEAKER_02]: I wanted to give you a chance to say goodbye everybody and thank them, this holiday season.
47:58
[SPEAKER_01]: Yeah.
47:59
[SPEAKER_01]: I mean, it's been an interesting year.
48:01
[SPEAKER_01]: That's for sure.
48:02
[SPEAKER_01]: We saw some major wins in the crypto world, major adoptions and institutions and smart money's flowing in.
48:09
[SPEAKER_01]: Like we always say on the program, you certainly want to zoom out, especially in these volatile times.
48:15
[SPEAKER_01]: But nothing fundamentally is broken here.
48:18
[SPEAKER_01]: I personally as bullish as ever.
48:20
[SPEAKER_01]: I'm starting to continuously dollar cost average in.
48:28
[SPEAKER_01]: we're all going to absolutely love it and to be very happy.
48:31
[SPEAKER_01]: The direction we're moving in.
48:33
[SPEAKER_01]: But with that all being said,
48:36
[SPEAKER_01]: If you start to feel some pressure out there, you know, maybe, maybe peel away from, you know, crypto Twitter and don't get too wrapped up into the charts of the price action right now, because I do believe we're going to chop for a couple more weeks.
48:50
[SPEAKER_01]: Things could get funky, but there's tons of bullish things happening, like the Clarity Act administration could go on and on, but just happy that everyone's out here learning wanting to be involved in the crypto space
49:04
[SPEAKER_02]: Yeah, it's been really fun to get the Spotify Rapps and the DM that I shared from Mick from Australia earlier, just a lot of participation from the community.
49:12
[SPEAKER_02]: The show is grown and we can't do that without you guys.
49:15
[SPEAKER_02]: Just a full heartfelt thank you of tuning in even when the price action goes down.
49:19
[SPEAKER_02]: We still have our core listeners that we know we'll be celebrating with when we get back to the top and get back to those all-time highs.
49:25
[SPEAKER_02]: And that's when you know the listenership really doubles and triples and quadruples and I always say like hey I see the numbers.
49:31
[SPEAKER_02]: I see that you guys are going away when the price action goes down But this is where you learn this is where the volatility gives you the opportunity and you make those, you know Hopefully life-changing decisions in a good way that that get your portfolio on the on the better side of being in picking winners
49:46
[SPEAKER_02]: But we really appreciate it.
49:47
[SPEAKER_02]: You guys have helped in this show and grow and you've made it fun for all of us from Bryce to Brendan to Joe Brian and even Rookie when he comes on.
49:53
[SPEAKER_02]: We all really do thank you and me as the priest of this show.
49:57
[SPEAKER_02]: I can't thank you guys enough for tuning in.
49:59
[SPEAKER_02]: So I hope everybody has had a great holiday season.
50:02
[SPEAKER_02]: These next couple weeks Merry Christmas.
50:03
[SPEAKER_02]: Happy Honk.
50:04
[SPEAKER_02]: Happy Kwanza and Happy New Year to you all.
50:07
[SPEAKER_02]: We really appreciate it and we're going to talk to you guys soon.
50:09
[SPEAKER_02]: But for now that's all goodbye everybody.