Latest / CRYPTO 101 / Crypto Rundown: Democrats Take Control — What Happens to Bitcoin & Crypto Now?

Transcript

Crypto Rundown: Democrats Take Control — What Happens to Bitcoin & Crypto Now? · CRYPTO 101

• 0:07
  [SPEAKER_01]: All right, everybody.
• 0:08
  [SPEAKER_01]: Welcome back to the crypto rundown.
• 0:11
  [SPEAKER_01]: It is Tuesday number 10.
• 0:13
  [SPEAKER_01]: We have some red on the board.
• 0:16
  [SPEAKER_01]: As you can see here on the screen right now.
• 0:18
  [SPEAKER_01]: The fear and greed meter is in fear.
• 0:20
  [SPEAKER_01]: It's been there now for exactly a week since the midterms.
• 0:24
  [SPEAKER_01]: The seven day on Bitcoin down 5% of the
• 0:27
  [SPEAKER_01]: Ethereum down 10, but good thing we have Hunter here so we can show us the way he's going to open up the charts for us very, very soon.
• 0:35
  [SPEAKER_01]: But the first thing that we would just wanted to cover, we talked about it last week on Friday.
• 0:39
  [SPEAKER_01]: It is a new reality for the political space in the US.
• 0:42
  [SPEAKER_01]: It is a new reality for the crypto space in the US.
• 0:45
  [SPEAKER_01]: Again, this show isn't about politics, but when it comes to crypto, it is very important to keep track of this.
• 0:51
  [SPEAKER_01]: And as a show that kind of brings on a lot of different personalities Hunter,
• 0:55
  [SPEAKER_01]: We wanted to get your take of, you know, we had John, I think it was election day or the Tuesday the day before last week.
• 1:02
  [SPEAKER_01]: But, you know, with the results and then Brian and I had to show last week after and it was more of kind of the hot, quick take of it with the Democrats sweeping the house and the Senate.
• 1:13
  [SPEAKER_01]: But there's been some information trickling out.
• 1:15
  [SPEAKER_01]: It's been really interesting to digest.
• 1:18
  [SPEAKER_01]: I brought up this sheet last week, but it's basically breaking down saying, hey, there's there's more pro crypto or neutral people specifically in the Senate than negative for crypto and the house as well because it is kind of a bipartisan issue.
• 1:34
  [SPEAKER_01]: And so I wanted to get your take on on the midterms and where you see legislation in the crypto industry going for the next, you know, two years.
• 1:44
  [SPEAKER_00]: Yeah, well you said it's been really kind of a bipartisan stance are ready in legislation and the results of this election will they've already been kind of known for the last several months so we've already had time to digest this and I really just say fall the money we've got a lot of institutional involvement from a legislation standpoint.
• 2:03
  [SPEAKER_00]: Okay, yeah.
• 2:04
  [SPEAKER_00]: There's probably an extended timeline now.
• 2:06
  [SPEAKER_00]: It's not going to be as early.
• 2:07
  [SPEAKER_00]: I think, you know, now, by next early, what January 3rd kind of the bills have to restart, I think the biggest issue is probably Elizabeth Warren and her may be heading the Senate banking committee.
• 2:20
  [SPEAKER_00]: I think that's what most people would probably be most worried about.
• 2:23
  [SPEAKER_00]: She's been kind of the harshest critics.
• 2:24
  [SPEAKER_00]: She's kind of part of the
• 2:25
  [SPEAKER_00]: old guard the old banking oligarch and so that's her she's kind of their voice and of course there's a battle of two different worlds right now as you have the tech
• 2:35
  [SPEAKER_00]: Silicon, new money, new banking system, and then you still have the old guard with, you know, Elizabeth Warren, Jamie Diamon, kind of all the other old heads of banking.
• 2:48
  [SPEAKER_00]: And so you have this clash of two worlds.
• 2:49
  [SPEAKER_00]: However, I think this is just really the only thing that we have to worry about is where's the money going?
• 2:55
  [SPEAKER_00]: We are seeing so much money flowing into ETFs, institutions, we're seeing the tokenization rails, which I know we're gonna talk a little bit about today,
• 3:05
  [SPEAKER_00]: So I have no problem with the legislation.
• 3:07
  [SPEAKER_00]: I have really haven't changed my stance.
• 3:09
  [SPEAKER_00]: I haven't really seen it as much of a big issue.
• 3:11
  [SPEAKER_00]: Anyways, I remember actually pretty much when I first came on and we talked about the Clarity Act.
• 3:16
  [SPEAKER_00]: I said I didn't think it was going to happen anyways until 2027.
• 3:19
  [SPEAKER_00]: So this isn't really changed anything for me.
• 3:21
  [SPEAKER_00]: I really has it and I know we're kind of on the precipice of some
• 3:27
  [SPEAKER_00]: Toppy, tipsy, toppy price action, but I'm still bullish right here.
• 3:32
  [SPEAKER_00]: There's a lot of fear and sentiment coming out.
• 3:34
  [SPEAKER_00]: This is exactly what happens.
• 3:38
  [SPEAKER_00]: And I'm not trying to sell or capitulate right now.
• 3:40
  [SPEAKER_00]: So from just to kind of tie that up from a legislation standpoint, literally has not changed at all in my viewpoint.
• 3:47
  [SPEAKER_00]: It's pretty simple.
• 3:47
  [SPEAKER_00]: Is that?
• 3:48
  [SPEAKER_00]: And my view has been the same really since earlier this year.
• 3:50
  [SPEAKER_00]: So.
• 3:51
  [SPEAKER_01]: Yeah, and you've been spot on with your your technicals guiding you along with your overall thesis of the market and that's why we appreciate having on your show and obviously inside the community with you and Brendan getting a ton more access to the charts and you guys and specifically when it comes to, you know, the election, the outcome, I think our whole team agrees.
• 4:12
  [SPEAKER_01]: Yeah, there's changes that's investing.
• 4:14
  [SPEAKER_01]: That's what it takes, anybody who's an Nvidia holder understands that things can change that you have to take into account when it comes to investing, any, you know, AI and video holders know exactly what I'm talking about.
• 4:25
  [SPEAKER_01]: We won't necessarily cover that on this show, but we brought it up last week at the end.
• 4:31
  [SPEAKER_01]: I brought up the Warren Buffett quote, it's just like, hey,
• 4:33
  [SPEAKER_01]: You know, the, the, the Trinish sometimes just got a dumbant down to be greedy when others are fearful and be fearful when others are greedy and so I think our team has really taken in and digested over the last week, the new results things are going to change that's all the more reason to be locked in with us on the podcast, give this a like bottom right subscribe and then obviously those are in the community.
• 4:53
  [SPEAKER_01]: You guys are getting tons.
• 4:54
  [SPEAKER_01]: of research from Hunter from Bryce Brennan, the entire team, and if you're somebody that is looking to be a part of that, we do have a specials.
• 5:02
  [SPEAKER_01]: So we are promoting our freedom coin, go down into the link, check that link below, read the right up from Bryce on the freedom coin.
• 5:09
  [SPEAKER_01]: This is the research that our team has done over the last week.
• 5:12
  [SPEAKER_01]: After learning about the Democratic sweep in the midterms, we took that note and went deep diving into the crypto industry, try to find what we think.
• 5:21
  [SPEAKER_01]: is going to be a project that is actually going to benefit from this environment.
• 5:26
  [SPEAKER_01]: The team did a great write-up on that.
• 5:28
  [SPEAKER_01]: So if you're somebody that's interested in getting in before the rest of, you know, the crypto space, once they learn where the puck is going, we think we have an awesome report based on the Democratic sweep.
• 5:39
  [SPEAKER_01]: So,
• 5:39
  [SPEAKER_01]: Growing down, click the freedom coin.
• 5:41
  [SPEAKER_01]: I think it's something like 97% off right now.
• 5:44
  [SPEAKER_01]: So if you're somebody that wants to deeper dive into the research, go check that out as Hunter and I continue on with the show.
• 5:50
  [SPEAKER_01]: Hunter, pull up the charts.
• 5:51
  [SPEAKER_01]: We're going to give the people a little bit of insight of where we are.
• 5:54
  [SPEAKER_01]: It's something that you've really been pounding the table for in this range is like, hey, feeling bullish, lean and bullish, but it's kind of a, it feels like we're at the maker break of the range that you've been talking about for a while.
• 6:09
  [SPEAKER_00]: right and you know the first scenario that we were kind of outlining over the last few weeks was of course are we going to make this higher low right around the semi-a-k we got a bit of you know resolution all the day after the midterms but it was a bit of a short squeeze and then now we're back down of course we need to let's just zoom back out all the way back to 2022 real quick just a kind of given example.
• 6:30
  [SPEAKER_00]: of where we're at right now.
• 6:31
  [SPEAKER_00]: Or what could possibly transpire here if history were to somewhat repeat from a price action standpoint, you can recall that this whole area looks very similar to the range that we've been in over the last since the beginning of February this year.
• 6:48
  [SPEAKER_00]: We've actually had a range high right here.
• 6:52
  [SPEAKER_00]: This is, I'm looking at 2022, but just wanna show the kind of similarities.
• 6:55
  [SPEAKER_00]: We spent about a month,
• 6:58
  [SPEAKER_00]: consolidating below that range high we broke above it.
• 7:01
  [SPEAKER_00]: And then that's exactly what we did.
• 7:03
  [SPEAKER_00]: And then we came back tried to bounce failed the bounce and came all the way back down below that initial low right here, which is Confluence with like our 74 or 75 K load that we just had and then we came all the way down touch that tune in and maybe an average and just impulse all the way back up.
• 7:22
  [SPEAKER_00]: We have a very similar price action.
• 7:23
  [SPEAKER_00]: Now it's not the exact same, but also price from a location standpoint from the low to the high at that standpoint or that moment in time actually moved down about.
• 7:37
  [SPEAKER_00]: to the 0.5 retracement right on the 200 day.
• 7:41
  [SPEAKER_00]: Okay, so let's fast forward.
• 7:42
  [SPEAKER_00]: Now that we have some of that context back there from back then, in 2022, and let's kind of see how is it similar from a fractal standpoint.
• 7:50
  [SPEAKER_00]: In other words, like a rushing dull, the same thing kind of happens over time in smaller time frames and larger time frames.
• 7:58
  [SPEAKER_00]: But what do you notice?
• 7:59
  [SPEAKER_00]: We have the range high right here.
• 8:04
  [SPEAKER_00]: What do we do?
• 8:05
  [SPEAKER_00]: We spend about a month or so, clearly not below it.
• 8:09
  [SPEAKER_00]: We break above it, okay?
• 8:12
  [SPEAKER_00]: We come down, try to bounce, fail the bounce, and possibly kind of move down into the 200-day moving average.
• 8:19
  [SPEAKER_00]: Wow, looks very, very similar.
• 8:21
  [SPEAKER_00]: You release similar.
• 8:23
  [SPEAKER_00]: I'm going to take the Fibonacci retracement from this low to that high and where do you notice right at that is your point five levels well so look I this week is you know pretty you know I would say pretty pretty important as we are literally bouncing off the level we've been watching it's been the this up train anchor VWOP it's the aim career VWOP from the beginning of the year you know similar you know all the same levels that I talked about last week right here coalescing
• 8:52
  [SPEAKER_00]: But it's just, you're, you're, you're really similar to how things happen kind of in 20, 22 from a price action standpoint.
• 8:59
  [SPEAKER_00]: So, you know, there is a lot of negative news.
• 9:02
  [SPEAKER_00]: Fear is getting pretty washed out and we're coming into support.
• 9:07
  [SPEAKER_00]: So, I, you know, I cannot predict the outcomes, and I said this in our chat with all the analysts.
• 9:12
  [SPEAKER_00]: I can't predict the outcomes, but I can predict how I'm going to react around outcomes.
• 9:16
  [SPEAKER_00]: And that's the most important thing, and that's what we do over here on the channel, of course, is we want people to be educated that when the scenarios come to play,
• 9:25
  [SPEAKER_00]: Now, we don't know exactly what's going to happen, but we know that, hey, this is an important area.
• 9:30
  [SPEAKER_00]: And if we want to maybe look for a long here, well, how do we naturally get involved with that?
• 9:35
  [SPEAKER_00]: Well, once we get kind of back above this low into the range, well, that's a pretty bull sign that we might have gotten a bounce from here.
• 9:43
  [SPEAKER_00]: And if we get back in here, then I would actually be
• 9:46
  [SPEAKER_00]: contemplating actually getting along for another impulsive move up.
• 9:50
  [SPEAKER_00]: Of course, we're going to have a few little areas of resistance to get through as we move because we still are in this lower high structure on the lower time frame.
• 10:00
  [SPEAKER_00]: So the short term trend of course is down.
• 10:03
  [SPEAKER_00]: But.
• 10:04
  [SPEAKER_00]: I would not be surprised if you end up just ripping back.
• 10:08
  [SPEAKER_00]: And then everyone is caught, is capitulating the selling right here.
• 10:12
  [SPEAKER_00]: Now, of course, this is just one area.
• 10:15
  [SPEAKER_00]: I had about three scenarios that I've outlined over the last few weeks.
• 10:18
  [SPEAKER_00]: We already went through scenario one.
• 10:21
  [SPEAKER_00]: Scenario two is the one we're out right now.
• 10:23
  [SPEAKER_00]: And then if we do lose this level, okay?
• 10:27
  [SPEAKER_00]: So going back and just looking at kind of our range at the moment, the volume profile.
• 10:34
  [SPEAKER_01]: Let's make this.
• 10:37
  [SPEAKER_00]: a little bit orange.
• 10:37
  [SPEAKER_00]: Okay.
• 10:39
  [SPEAKER_00]: If we do lose this level, I would expect probably a sharp move down into around the 67, 67K level with possibly a bounce.
• 10:49
  [SPEAKER_00]: And then you'd be looking for, does this hold as resistance?
• 10:55
  [SPEAKER_00]: That's what you have to really watch out for if we lose this level.
• 10:59
  [SPEAKER_00]: If not, then expect us to first try to get reclamation of this 75K level.
• 11:05
  [SPEAKER_00]: and then resistance here 7,700.
• 11:07
  [SPEAKER_00]: And then for me, if we get right above there, then I would just expect we do move up to at least a range high.
• 11:15
  [SPEAKER_00]: And that would be our last area of reclamation for the bulls that I would expect.
• 11:20
  [SPEAKER_00]: So this is kind of the path theme that we're looking at for Bitcoin.
• 11:24
  [SPEAKER_00]: Really very important right here to see how the daily kind of closes.
• 11:28
  [SPEAKER_00]: I'd say if we do kind of close back below,
• 11:31
  [SPEAKER_00]: Roughly around this low on the daily here about 72, 300.
• 11:36
  [SPEAKER_00]: I'd expect us to continue moving down.
• 11:38
  [SPEAKER_00]: And that way, I would not be interested in this long.
• 11:41
  [SPEAKER_00]: So that's something to take note of.
• 11:43
  [SPEAKER_00]: And that's Bitcoin.
• 11:44
  [SPEAKER_00]: The levels of the upside still remain the same.
• 11:47
  [SPEAKER_00]: It's going to be what I just showed you here for resistance wise.
• 11:49
  [SPEAKER_00]: And then major targets are still the yearly open at 87K.
• 11:53
  [SPEAKER_00]: We've got a level up here at 93K, 100K.
• 11:56
  [SPEAKER_00]: And then from there, we'll build contacts.
• 11:58
  [SPEAKER_00]: Last thing here on Bitcoin and then I just want to show Ethereum real quick because Ethereum is in a very interesting spot as well is that if we do lose this level.
• 12:06
  [SPEAKER_00]: and this is not to be doomer or anything, but this is to be, this is what we do out here, we provide every scenario.
• 12:11
  [SPEAKER_00]: As I speak about every single week, so that we're not emotional, if we do lose this point of control of this whole range, which is about 64,000, I would expect us to make new lows in this cycle.
• 12:22
  [SPEAKER_00]: And of course, that's gonna be, that would be a max-paint scenario, but the next levels I'd be looking at are gonna be about 53K and 45K to the next major major levels.
• 12:34
  [SPEAKER_00]: You know, irrespective of, I don't expect us to come down to make new lows, but I will say that irrespective, you know, this is that would be a large drop, but I still expect a massive cycle here.
• 12:47
  [SPEAKER_00]: coming very soon, but really going to be holding my breath here about this level and see if we do actually get some reclamation.
• 12:53
  [SPEAKER_00]: So then I really just show Ethereum real quick to tie this thing up a bit because it is coming into a very interesting position, very interesting zone.
• 13:01
  [SPEAKER_00]: Now, Ethereum did lose the 200-day moving average.
• 13:03
  [SPEAKER_00]: We did retested, but we're coming into actually the value area low right here, which is about 1900.
• 13:15
  [SPEAKER_00]: retracement.
• 13:16
  [SPEAKER_00]: We're actually bouncing right off that in that $2,000 level.
• 13:19
  [SPEAKER_00]: So I'm actually very curious to see how we trade around 1900 to 2000 as possible long entry.
• 13:27
  [SPEAKER_00]: So this is coming down to a pretty technical spot as this was the breakout point.
• 13:32
  [SPEAKER_00]: It is also the valueary low.
• 13:33
  [SPEAKER_00]: So we've pretty much done a full range rotation.
• 13:36
  [SPEAKER_00]: And so if this is coming up to an area support and bitcoins kind of at an area support, you know, I would be maybe monitoring and at least for a little
• 13:45
  [SPEAKER_00]: And wouldn't be too bearish at this level.
• 13:47
  [SPEAKER_00]: The time to be bearish was more so right around here when we came back into the value area.
• 13:53
  [SPEAKER_00]: And right now, the, you know, at while we're at support, can't be getting too bearish as that could be a bear trap.
• 14:00
  [SPEAKER_00]: So that's what I'm seeing on Bitcoin and Ethereum definitely at a full-crum point.
• 14:05
  [SPEAKER_00]: And then of course, just to kind of really tie it up, the whole market is, of course, looking at
• 14:11
  [SPEAKER_00]: Nasdech and the traditional side as the Nasdech has come below it's 200-day moving average and is now retesting it bearishly.
• 14:18
  [SPEAKER_00]: So there is a possibility that the Nasdech, the tech late in index, this is the QQQ that tracks that, could come down.
• 14:28
  [SPEAKER_00]: You know, a bit more into, you know, the 630 levels or so.
• 14:31
  [SPEAKER_00]: So that's about a, you know, they're 5% mover.
• 14:35
  [SPEAKER_00]: So however, as you'll note, if you, if you last week, I showed a chart from the Bitcoin related to Nasdech and I do think Bitcoin will absorb a lot of the downward pressure on Nasdech as money starts to flow into more risk on assets when we decide to turn.
• 14:49
  [SPEAKER_00]: And to top that off and throw up, we're not talking about the anthropic IPO too much today, but
• 14:55
  [SPEAKER_00]: They do have the ability to do their road show now if it's been 15 days past the S1.
• 15:00
  [SPEAKER_00]: I've mentioned in prior videos I can't imagine a market or a world where one of the biggest IPOs and history especially from the AI side as the AI trade has gotten very beaten up.
• 15:11
  [SPEAKER_00]: We can see that by coming down by looking to semiconductors and whatnot.
• 15:16
  [SPEAKER_00]: I can't imagine a world where they try to increase or get exe liquidity on their IPO and a very downward market so that's something to kind of keep in mind here and that's what I'm looking at guys so.
• 15:30
  [SPEAKER_01]: Yeah, awesome stuff, I think you the yeah, it's interesting to bring in andthropic.
• 15:36
  [SPEAKER_01]: You know, we don't necessarily focus too much on track five, but as we've covered, definitely this year within the last year to it's never been kind of more correlated, especially as the space writer right now, right?
• 15:49
  [SPEAKER_00]: The second, you know, just got to bring it up.
• 15:53
  [SPEAKER_01]: Yeah, anything that's happening in the markets as a whole when you're breaking records like SpaceX or inthropic looks to do, you know, you got to
• 16:02
  [SPEAKER_01]: You're going to take it into effect.
• 16:03
  [SPEAKER_01]: Because again, it's all about market cap, right?
• 16:05
  [SPEAKER_01]: Where's the capital going?
• 16:06
  [SPEAKER_01]: Where's the money going?
• 16:08
  [SPEAKER_01]: I mentioned in video earlier, a little tongue and cheek-wise, but there's a lot of money flowing out of there and, you know, for a number of reasons, first it was, you know, the Democrats win and the, uh,
• 16:18
  [SPEAKER_01]: You know, we're not going to build any data centers.
• 16:20
  [SPEAKER_01]: We're not going to need as many chips.
• 16:21
  [SPEAKER_01]: And then, obviously, this news with the CEO of Nvidia and a Chinese spies break ants.
• 16:27
  [SPEAKER_01]: It's very fascinating.
• 16:28
  [SPEAKER_01]: It's just very fascinating.
• 16:29
  [SPEAKER_01]: Overall, as we enter, just like you said, into that fear in that fear mode and don't be, uh, don't be alarmed.
• 16:35
  [SPEAKER_01]: We're in fear, but, uh, you know, you can dip into that extreme fear, kind of as this chart showed, at least this year, 2026 right here, we hit the extreme fear, uh, twice.
• 16:45
  [SPEAKER_01]: Um, and each time kind of on that bottom there, you do seem to rip higher as the price showed there and kind of as, you know, it's one of those data points.
• 16:54
  [SPEAKER_01]: You just got to bring it into however you like to trade or invest, but, you know, no matter what you're at the right spot.
• 17:01
  [SPEAKER_01]: the one on podcast to get all the tools and the information.
• 17:05
  [SPEAKER_01]: As we continue on, Hunter, we got to do some good news.
• 17:07
  [SPEAKER_01]: Let's bring some good news into it a lot.
• 17:08
  [SPEAKER_01]: So a lot of momentum in the space.
• 17:10
  [SPEAKER_01]: Can't can't tons.
• 17:11
  [SPEAKER_01]: Something that I know, you know, our team has talked about is really interesting.
• 17:15
  [SPEAKER_01]: Becoming the first tokenized U.S. stock to trade under the SEC's innovation exemption.
• 17:21
  [SPEAKER_01]: So canton becoming the first tokenized U.S. stock to
• 17:24
  [SPEAKER_01]: trade under the exception.
• 17:25
  [SPEAKER_01]: I think that's important because again, the SEC, the CFTC, they've basically laid these rules of the road, which, you know, in theory are going to be in play for the next two years, even though it's a democratic house in a democratic Senate, you know, they're allowing for companies to, you know, use this technology.
• 17:43
  [SPEAKER_01]: And so kind of part of the interviews that we did, um,
• 17:48
  [SPEAKER_01]: in July at the the tie conference with former CFTC chairman he was laying out it's like hey you know here's the rules of the road companies they want you know the good companies they want rules of the road to follow and so there could be like an interesting part of this journey of understanding the legislation the clarity act will come back and in the same former probably a different form is you know is the companies leverage these innovation
• 18:16
  [SPEAKER_01]: built into the system and then the question is I don't we don't answer but it doesn't become too big to then rip out too big to fail almost an interesting kind of side quest of that is like the prediction markets you know your cowshees and your polymarkets there's a lot of politicians starting to clam or like oh these these should be illegal we need to get these prediction markets out of there I think part of it's uh
• 18:41
  [SPEAKER_01]: You know, maybe it comes from a good place, but the other part is, you know, there's obviously a gambling lobby, the draft Kings and fandals of the world that one of those companies down.
• 18:49
  [SPEAKER_01]: So DC has always something going on, but canton having some success there with tokenized stocks.
• 18:57
  [SPEAKER_01]: And then this one charge on officially adding salana, avalanche and chain link.
• 19:02
  [SPEAKER_01]: You can trade if you have a Charles Schwab account to their crypto.
• 19:06
  [SPEAKER_01]: trading abilities and then I saw this for a Vax A Vax a token that I know we have not talked about a ton But the New York Stock Exchange Affiliated token our securities platform is going to use a Vax for their clearing and settlement Hunter We I know me and you we've never talked about a Vax Does this get you excited at all?
• 19:27
  [SPEAKER_01]: a little you may be from left field avalanche making some noise a little tease for everybody on the crypto loan podcast we had a v a t a that which is a avalanche treasury company that interview is going to go live next week with their CEO so he's going to kind of pitch out why they're an avalanche treasury company and has some great insight into what they're building but is this uh is this get you excited at all?
• 19:50
  [SPEAKER_00]: Well, it does, and it actually, you know, similar to the Kanton news.
• 19:54
  [SPEAKER_00]: It's, that they're gonna be using the infrastructure, so like the Kanton network is separate than the coin itself, Adelaan's, the chain, does something different, technically than the AVACs coin itself.
• 20:06
  [SPEAKER_00]: So I guess for people that are gonna be invested in AVACs, you just wonder how much settlement volume there will be and then how much,
• 20:14
  [SPEAKER_00]: actually will maybe fees come back to A-Vex holders because A-Vex A-Valanche is kind of an interesting chain as they have multiple different chain.
• 20:22
  [SPEAKER_00]: So people can kind of just like Cosmos work a little bit.
• 20:26
  [SPEAKER_00]: You can build your own chain on Adelaanche instead of it just being kind of it's with your C chain and your X chain or P chain.
• 20:34
  [SPEAKER_00]: It's been a while since I've actually looked into Adelaanche as well because it's been one of
• 20:40
  [SPEAKER_00]: I'm actually noticing a pretty interesting theme here, though, it's similar to like link stuff like objective, pit things that have been around actually from many cycles kind of or from previous cycles and then they got really, really hit.
• 20:55
  [SPEAKER_00]: It's like they've been building behind the scenes and now they're actually getting love again and I do think that they might actually be
• 21:01
  [SPEAKER_00]: Some of the winners and this next cycle as they kind of missed a cycle now.
• 21:05
  [SPEAKER_00]: They're back for the next one So right now from an egg is an a-vax holder for the coin itself Not necessarily excited at prices right here in its price section, but from the on rails the infrastructure play Certainly love it and once again Follow the money follow the infrastructure.
• 21:24
  [SPEAKER_00]: We're seeing that left and right.
• 21:26
  [SPEAKER_00]: So Can't get too caught up in the price swings
• 21:30
  [SPEAKER_01]: Yeah, fair point.
• 21:31
  [SPEAKER_01]: And then obviously tune in next week for the AVAD, the Avalanche Treasury company.
• 21:38
  [SPEAKER_00]: Follow the money.
• 21:38
  [SPEAKER_00]: That's what we do here.
• 21:39
  [SPEAKER_01]: And at least I think follow the money in the AITRAE lead you to San Francisco, follow the money, at least on the East Coast for crypto.
• 21:50
  [SPEAKER_01]: You end up in Miami.
• 21:52
  [SPEAKER_01]: Miami Day County will now accept Bitcoin for their property taxes.
• 21:57
  [SPEAKER_01]: uh, hunter, you and I, in the Tampa Bay area, do we need to do, do we need to move down to date counties so we can pay our property taxes with Bitcoin.
• 22:05
  [SPEAKER_00]: Either that, or we're going to have to set up some sort of pack, or a lobby here in Tampa, and it'll be you and I, we'll run it, and uh, yeah.
• 22:12
  [SPEAKER_01]: Honestly dude, there's a ton of people in Tampa in crypto.
• 22:15
  [SPEAKER_01]: There's some, you know, Kathy Wood arc is from here and just, um, the soul strategies, um, he, he left Max Kaplan, uh, he left soul strategies for the job, but he was in St. Pete, um, and I know that he tried to do a meet-up one time.
• 22:30
  [SPEAKER_01]: He sent me a list of all the crypto companies, uh, here, and then obviously, you know, a big presence with Raymond James and some more track-fi companies, but it is,
• 22:41
  [SPEAKER_01]: You know, okay under under utilized.
• 22:44
  [SPEAKER_00]: I think it's it's it's it is one of the highest population gross this metropolitanplex out of the whole U.S.
• 22:52
  [SPEAKER_00]: Instead of moving on to Miami, I think we'll bring that to Tampa as well.
• 22:55
  [SPEAKER_01]: Yeah, there we go.
• 22:55
  [SPEAKER_01]: We'll get some, we'll do our own lobbying.
• 22:58
  [SPEAKER_01]: What are you talking about?
• 22:59
  [SPEAKER_01]: It's needed.
• 23:00
  [SPEAKER_01]: And then something you brought for us.
• 23:02
  [SPEAKER_01]: You're on some CPI.
• 23:04
  [SPEAKER_01]: You're looking at some CPI data.
• 23:05
  [SPEAKER_01]: And then all eyes on the next month's Fed meeting on where we're going to go with interest rates.
• 23:12
  [SPEAKER_00]: Yeah, I just wanted to bring this up real quick because that was the big data today was the CPI came in pretty hot and you can see 0.3% month over month.
• 23:21
  [SPEAKER_00]: So once again, above forecast and continuously annualizes out at over that three 4% level, which is way above their inflation target.
• 23:30
  [SPEAKER_00]: So, you know, there's that's just the data and then the next one with the Fed watch, so I just wanted to show you that that's kind of why the market's been pulling back a bit today.
• 23:38
  [SPEAKER_00]: And pretty volatile as if you scroll down just a little bit the odds have been moving up about 30% 20 to 30% of our sins about two weeks or so ago.
• 23:48
  [SPEAKER_00]: So now what people been talking about today is actually there is a bit of.
• 23:54
  [SPEAKER_00]: Chance that there could be a double rate hike in other ways in other words a 50 basis points move and one of these next two meetings or so rather than just a 25 basis point move.
• 24:04
  [SPEAKER_00]: So that's a little bit that hasn't really been priced in yet And so you get that a bit of volatility that happened because of the CPI print today and that's what we were seeing as some of the The downward pressure today.
• 24:16
  [SPEAKER_00]: So I just wanted to at least bring that in to so people know because it's Tuesday CPI days usually a big big day so
• 24:22
  [SPEAKER_01]: Yeah, and don't fight the Fed is something that a lot of investors like to live by, so if there's some data coming in and it looks like the Fed might be looking to tighten its belt a little more.
• 24:33
  [SPEAKER_01]: Something that again, we're going to need to study, we're going to need to track as we always do on the Crypto101 pod.
• 24:37
  [SPEAKER_01]: Guys, you're going to get it here first.
• 24:39
  [SPEAKER_01]: Two run-downs a week plus all the amazing interviews again.
• 24:42
  [SPEAKER_01]: Check out below for some links to get more involved in the community if you're somebody's looking for that more research.
• 24:47
  [SPEAKER_01]: Get more of Hunter Bryce, Brendan, the entire team.
• 24:49
  [SPEAKER_01]: That's going to be all for today.
• 24:51
  [SPEAKER_01]: We'll be back on Friday with another rundown.
• 24:53
  [SPEAKER_01]: Thank you all for tuning in, but that's all for now.
• 24:56
  [SPEAKER_01]: Bye bye everybody.