Latest / CRYPTO 101 / Crypto Rundown: The Bullish News in a Volatile Market & Passive Income in Crypto with Liquidity Pools

Transcript

Crypto Rundown: The Bullish News in a Volatile Market & Passive Income in Crypto with Liquidity Pools · CRYPTO 101

0:08
[SPEAKER_03]: Welcome back to the crypto run down where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology from the fundamentals and the news to the technicals on the charts we spend the time doing hours of research so that you all don't have to and then we come and we bring it to you completely for free in under an hour and man we're back with another episode
0:32
[SPEAKER_03]: And I'll tell you all what, you know, it's been a pretty exciting past couple of weeks in crypto.
0:37
[SPEAKER_03]: I know Bitcoin and Ethereum rivaled the old time highs.
0:40
[SPEAKER_03]: That was immediately followed by a decent size sell off, which brings us to where we are today.
0:47
[SPEAKER_03]: A lot of people are asking, what in the world's going on?
0:50
[SPEAKER_03]: Is the bull run over?
0:52
[SPEAKER_03]: Why are the markets shopping around so much?
0:54
[SPEAKER_03]: Can we recover back to the highs?
0:56
[SPEAKER_03]: And what are these driving factors?
0:58
[SPEAKER_03]: What are these catalysts behind the scenes?
1:02
[SPEAKER_03]: And well, that's exactly what we want to talk about in today's rundown.
1:06
[SPEAKER_03]: So if you're coming in, you're certainly in the right place, no matter where you all are coming in from, we know that you're in the right place today because we're going to be covering all of that and a whole lot more.
1:15
[SPEAKER_03]: And of course, I cannot do it without my good old buddy and friend and co-host over here, Mr. TV.
1:22
[SPEAKER_02]: And an awesome day, great Thursday to everybody.
1:25
[SPEAKER_02]: The chats already pop and man fits is here, classic.
1:29
[SPEAKER_02]: We got Rodney, we got Debbie and Noah and a couple other people trickling in.
1:34
[SPEAKER_02]: So an awesome afternoon session in the YouTube live community.
1:38
[SPEAKER_02]: And yeah, an awesome episode, a lot going on.
1:40
[SPEAKER_02]: There's a lot to talk about as always right now in the markets.
1:44
[SPEAKER_02]: There's upside, there's downside, there's volatility.
1:47
[SPEAKER_02]: So we're going to cover all that.
1:48
[SPEAKER_02]: We're going to cover the news and then we have a cool little a cool little tidbit at the end here that we haven't done before but like a basically a little intro tutorial about something that you are an absolute expert in which is liquidity pools and it's kind of the title that people were excited about we're getting some clicks from the community on the hidden strategy that page you daily in crypto so a normal run down episode to start and then if you're interested you stick around and Brendan's going to give you some absolute alpha
2:15
[SPEAKER_02]: of something specifically in the crypto markets that he is a expert in.
2:19
[SPEAKER_03]: Yeah, spot on man.
2:20
[SPEAKER_03]: You know, make sure everyone stays around to the end.
2:23
[SPEAKER_03]: We're going to be talking about liquidity pools and what that all looks like explaining it doing a little bit of a walk through over there.
2:29
[SPEAKER_03]: So I hope all of you are excited for that.
2:31
[SPEAKER_03]: But I mean, before that, you know, we're going to be looking at the charts.
2:34
[SPEAKER_03]: We're going to be walking through everything like Tivo said we got a bunch of new price predictions.
2:40
[SPEAKER_03]: different people pulling different kinds of data from banks to the government to people all over the place and even some new like listings and IPO rumblings from the crypto market so quite a bit that is going on here in the background and certainly a lot to talk about and I think the only proper way to start this off and we typically do it this way is just by looking at the charts because I think that's what people are ultimately
3:06
[SPEAKER_03]: I don't want to say the most concerned with, but that's what people really care about, right?
3:09
[SPEAKER_03]: You know, what's happening with my wallet?
3:11
[SPEAKER_03]: Is my money going up?
3:12
[SPEAKER_03]: Is it going down?
3:13
[SPEAKER_03]: What's really happening there?
3:15
[SPEAKER_03]: And I think that's what most people probably pay the most attention to, even with some of these other things that we're going to mention being just driving factors and pushing price up and down.
3:25
[SPEAKER_03]: If we take a look at what's happening on Bitcoin here first, let's put this on the screen for all of you.
3:31
[SPEAKER_03]: I mean, we can see, you know, hey, we're pushing down a little bit lower here.
3:34
[SPEAKER_03]: Bitcoin's back at around a hundred and twelve thousand.
3:38
[SPEAKER_03]: We're coming off that fresh all time high of a hundred and twenty four thousand.
3:42
[SPEAKER_03]: And now what we've seen here is that, hey, from top to bottom, Bitcoin's down about
3:47
[SPEAKER_03]: ten percent nine point eight percent to be exact, but it's down about ten percent from its recent all-time high that we hit last Thursday, I believe it was.
3:58
[SPEAKER_03]: Yeah, so last Thursday.
4:00
[SPEAKER_03]: And with this, you know, there's a couple of factors.
4:02
[SPEAKER_03]: I think number one, and we talked about this before, I don't want to be the dead horse, but for anyone that's new in any here for the first time, and you haven't heard me talk about this.
4:11
[SPEAKER_03]: All of the large market cap, you know, groups or projects were all hitting all time highs.
4:18
[SPEAKER_03]: And with that, they were all at all time high resistance levels.
4:22
[SPEAKER_03]: So Bitcoin, for instance, we broke out the new all-time highs here.
4:25
[SPEAKER_03]: We were retesting this previous all-time high resistance.
4:28
[SPEAKER_03]: We tapped it.
4:29
[SPEAKER_03]: We rejected.
4:30
[SPEAKER_03]: I think the big ones to watch out for is as we zoom out on Ethereum, it was tapping its previous all-time high over here for the first time since twenty twenty one.
4:40
[SPEAKER_03]: Pretty big deal.
4:41
[SPEAKER_03]: We know it's a monumental resistance level, but we also saw the exact same thing on the total two chart.
4:47
[SPEAKER_03]: This is the entire crypto market cap excluding Bitcoin.
4:51
[SPEAKER_03]: So this was hitting the all-time highs for the first time since you guessed it, twenty twenty one as well.
4:58
[SPEAKER_03]: Same thing goes for the total three, which is the entire crypto market cap excluding both Bitcoin and Ethereum, so a better representation of altcoins.
5:06
[SPEAKER_03]: And what do you know?
5:06
[SPEAKER_03]: This was tapping its all time high levels that we saw in twenty twenty one.
5:11
[SPEAKER_03]: We actually saw this tapped in twenty twenty four and at the very start of this year as well.
5:16
[SPEAKER_03]: And then we are pushing back up to this level.
5:19
[SPEAKER_03]: So we're talking about monumental levels of resistance specifically for the altcoin side of things as it's pushing in to, you know, it's all time high resistance level.
5:29
[SPEAKER_03]: And so when you look at that and the other thing is like it's not just like it's Ethereum, the total to the total three, we saw this happening with like a lot of other mainstream large cap altcoins coming up to all time high levels.
5:42
[SPEAKER_03]: We saw it with B and B fairly recently hitting above eight hundred bucks and pushing up to these levels.
5:49
[SPEAKER_03]: record levels for this thing pushing the all-time highs.
5:52
[SPEAKER_03]: We saw with XRP, which wasn't as recently, it was about a month or so ago, but this hit a new all-time high, marking a monumental point.
5:59
[SPEAKER_03]: We saw it happen with Trong, which is another large market cap crypto.
6:03
[SPEAKER_03]: It had a bit of a weird wick, but for the most part, pushing up to the all-time highs.
6:09
[SPEAKER_03]: And so whether we're looking at this one way or another, we've seen a lot of the large market cap cryptos within the last month or so,
6:18
[SPEAKER_03]: enter into this all-time high resistance territory.
6:21
[SPEAKER_03]: And guess what?
6:21
[SPEAKER_03]: When we go up to levels like that, sometimes we hit them and we cool off.
6:26
[SPEAKER_03]: It has been almost non-stop since April and the markets have been climbing and climbing and if you look at Bitcoin, it paints the picture pretty well.
6:35
[SPEAKER_03]: We've had one decent sized retracement since April.
6:39
[SPEAKER_03]: We bottomed out, we had this guy right in here where we retraced about.
6:43
[SPEAKER_03]: twelve and a half percent and other than that like that was really it since April and said now we're getting here is a similar retracement and we're not even down the same as we were over there so if we're going to drop twelve and a half percent this time it brings us back to around a hundred and eight maybe a hundred and nine thousand maybe we go a little bit lower maybe we go a little bit higher but structurally
7:08
[SPEAKER_03]: This is not anything that we haven't already seen before.
7:12
[SPEAKER_03]: In fact, if we zoom out in the greater scheme of things, well, we've seen much bigger retracements, right?
7:18
[SPEAKER_03]: And you know, it's not uncommon for us to see a thirty percent retracement like there, or a thirty percent retracement like here, or over and here where we've seen twenty plus percent retracements, or over here where we've seen a twenty percent retracement.
7:30
[SPEAKER_03]: And so they're all over the place.
7:31
[SPEAKER_03]: And so I say all this is because I'm not freaking out.
7:35
[SPEAKER_03]: I really don't think it's as scary as it is.
7:38
[SPEAKER_03]: And I think people are just a little bit more nervous now because they're seeing, oh, we hit all time highs, could to speed the top.
7:45
[SPEAKER_03]: And that's like the whole fear.
7:47
[SPEAKER_03]: That's kind of settling in right now.
7:49
[SPEAKER_03]: And I'll say, you know, as of right now, there's not
7:52
[SPEAKER_03]: Um, any evidence of that.
7:53
[SPEAKER_03]: And I typically TV show you this.
7:55
[SPEAKER_03]: I think about a week or two ago when we did another live stream, but I was like to look at like the monthly relative strength index on Bitcoin.
8:03
[SPEAKER_03]: And when I look at this, you know, it shows us in pretty simple fashion, where Bitcoin has topped out up and where it's bottomed out out in the past.
8:12
[SPEAKER_03]: And we're just not at that level yet.
8:15
[SPEAKER_03]: You know, we can see that, hey, you know, we always bought them out around here, around forty, we always top out around ninety.
8:20
[SPEAKER_03]: Well, we're coming off this bottom, but we're not nearly close to the top yet, at least according to this point.
8:26
[SPEAKER_03]: And it's been, I would say fairly accurate for every single market cycle since just about bitcoins inception, you know, going all the way back to two thousand eleven here.
8:35
[SPEAKER_03]: So
8:37
[SPEAKER_03]: You know, I'm looking at a couple of these different data points over on the charts.
8:40
[SPEAKER_03]: Again, you know, solid resistance level for us to acknowledge and respect.
8:45
[SPEAKER_03]: And we're going to see cell-offs in any kind of a run.
8:48
[SPEAKER_03]: But the way that I kind of look at this over on Bitcoin and stuff is like, hey, we might have a little bit more downside.
8:53
[SPEAKER_03]: I'm actually, you know, welcoming that.
8:55
[SPEAKER_03]: I'm not ruling it out.
8:56
[SPEAKER_03]: I'm not going to be one of those people that says Bitcoin's never going to go down.
8:59
[SPEAKER_03]: We could have, we could very well have more downside here on both Bitcoin and altcoins.
9:03
[SPEAKER_03]: And the truth of that is that any more downside on Bitcoin would probably result in altcoins seeing two to three x whatever Bitcoin does.
9:13
[SPEAKER_03]: So if Bitcoin sees another four percent to the downside, maybe altcoins see another eight to twelve percent to the downside is what I mean by that because they typically move it around a two to three x multiplier of whatever Bitcoin does.
9:28
[SPEAKER_03]: But you know how high level here, you know, I think we resume.
9:30
[SPEAKER_03]: I think we retrace a little bit more.
9:32
[SPEAKER_03]: We bought them out and then I think we resume to the upside.
9:35
[SPEAKER_03]: And the one thing that I've seen here TFO before I pass it off is like, people are already eager to buy the dip.
9:41
[SPEAKER_03]: Ethereum hit four K. It immediately recovered to almost four point four K. We saw similar things with like a handful of these different altcoins.
9:48
[SPEAKER_03]: Airdron peaked down to a dollar in twenty cents.
9:51
[SPEAKER_03]: The next day it was up to a dollar in forty cents.
9:53
[SPEAKER_03]: It was like a thirteen percent candle or something like that.
9:56
[SPEAKER_03]: You know, and I've seen this happen with like a handful of other alt's.
10:00
[SPEAKER_03]: Like, you know, we mentioned B and B. This thing retraced over the last week or so.
10:04
[SPEAKER_03]: And then it hit a new all-time high yesterday and this morning before selling off.
10:09
[SPEAKER_03]: So the buyers are still very, very eager to be accumulating.
10:13
[SPEAKER_03]: And I still think the big picture is fine.
10:18
[SPEAKER_02]: love it and and keep keep the chart up for me because i'm going to actually three a little curve ball here but let me tell you brand the chats bullish c.j.e.
10:25
[SPEAKER_02]: new all-time new all-time highs in September know a one forty five in October fits agrees new all-time high in September.
10:33
[SPEAKER_02]: Ed's bullish we have got a new guy William welcome William Williams looking for a little altcoin advice William we can't give you personal financial advice just a couple guys talking crypto but
10:43
[SPEAKER_02]: Instead of all those all coins, make sure you have a good Bitcoin piece of the pie as well.
10:46
[SPEAKER_02]: Don't forget about Bitcoin, but again, not personal financial advice.
10:49
[SPEAKER_02]: Obviously, you can tell Brendan and I love us some Bitcoin.
10:52
[SPEAKER_02]: Brendan, let me ask you to pull something up there.
10:54
[SPEAKER_02]: Can you pull a pallin tier and give me a peek to draw for the Palin tier pullback real quick?
10:59
[SPEAKER_02]: Because I think there's a better discussion here.
11:02
[SPEAKER_02]: So, Palin tier give me the percentage.
11:04
[SPEAKER_02]: What do you see?
11:05
[SPEAKER_03]: Twenty five percent in the last six trading days or eight days total.
11:09
[SPEAKER_03]: My god.
11:10
[SPEAKER_02]: My god.
11:11
[SPEAKER_03]: Is that a scam?
11:12
[SPEAKER_02]: Is that a meme coin?
11:13
[SPEAKER_02]: What is that?
11:14
[SPEAKER_02]: Is that an all-coin?
11:15
[SPEAKER_02]: Is that an all-coin?
11:16
[SPEAKER_02]: Obviously, Palantir is one of the high-flying stocks of this year and people love it.
11:20
[SPEAKER_02]: But I think there's, again, we, we do crypto.
11:23
[SPEAKER_02]: This is a crypto show.
11:24
[SPEAKER_02]: But I think what we do here from time to time went especially if people are new here.
11:27
[SPEAKER_02]: We zoom out.
11:28
[SPEAKER_02]: We say, hey, we're not comparing apples to apples when we look at Chad vibe, but there has been
11:33
[SPEAKER_02]: quite a little bit of a macro pullback of all these high flyers.
11:36
[SPEAKER_02]: Robin Hood, Palantir is the number one example.
11:38
[SPEAKER_02]: Palantir just did earnings about, yeah, seven, seven to eight days ago.
11:42
[SPEAKER_02]: And then it was a huge pop because they blew it out of the water as they have, you know, apparently last, you know, basically year, they won the highest flying stocks.
11:50
[SPEAKER_02]: But there's a little bit of a risk off, feel right now.
11:52
[SPEAKER_02]: And kind of like we teamed up earlier in the week when we talked about the jacks and whole meeting for Fed Powell, which is tomorrow, there's a little bit of a risk off.
12:00
[SPEAKER_02]: There's some people taking some profits.
12:03
[SPEAKER_02]: And again, you're seeing the volatility and the traffic market for the high flyers, you're seeing the volatility and the crypto markets, which is always there anyway, and I'll end on this, Brendan, if you would have told me that in in twenty, uh, in twenty twenty five, you're going to get a twenty percent pullback in Bitcoin, but it's going to still be above a hundred K. I think all of us would take that any day.
12:23
[SPEAKER_03]: Yeah, a hundred percent.
12:24
[SPEAKER_03]: And you made a good point of like, there seems to be this idea that, oh, why is crypto not doing good right now?
12:30
[SPEAKER_03]: It's like, well, anything that's associated with the risk on basket or the risk on asset pool, that's anything from, you know, indices, equities, crypto, you name it.
12:40
[SPEAKER_03]: Like they're all taken hits right now and you brought up Palantir, which is great.
12:44
[SPEAKER_03]: But like we're seeing this kind of across the board, anything that is kind of considered
12:48
[SPEAKER_03]: a bit more risk on like a lot of these assets are selling off and you see this like across the equities market so I'm not going to go through and show like every single individual equity but like you can see like double digit retracement and like a lot of these
13:04
[SPEAKER_03]: risk on equities and that whole side of things as well so it's not like it's just crypto take hard in knowing that it's just everything is kind of pouring back and I guess you could say everything's almost been running nonstop since April which has been
13:20
[SPEAKER_02]: It's been super fun.
13:22
[SPEAKER_02]: That's when we started doing, you know, recently we started doing two episodes a week, but right around, yeah, that April, you know, into the spring and summer is when our episodes went from like thirty, thirty, five minutes to every time we sat down, it was an hour.
13:35
[SPEAKER_02]: which has been super fun for us to do and give to you guys.
13:38
[SPEAKER_02]: And just while we're here, a quick pause guys.
13:40
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13:45
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13:47
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13:49
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13:50
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13:52
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13:54
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13:59
[SPEAKER_02]: And then I got some awesome stats around Ethereum.
14:02
[SPEAKER_02]: I'm about to bring up Brendan.
14:03
[SPEAKER_02]: But before we continue, it's going to be the end of our TA session Brendan unless you have anything else.
14:09
[SPEAKER_02]: Nope, good to go.
14:10
[SPEAKER_02]: So if you guys enjoyed that, Brendan and obviously is an expert in TA.
14:13
[SPEAKER_02]: I put a link down below in the description.
14:15
[SPEAKER_02]: If you're interested, go down.
14:17
[SPEAKER_02]: It's the third link down there and it is access to Brendan's trading course.
14:22
[SPEAKER_02]: He doesn't have it open all the time.
14:23
[SPEAKER_02]: So it's more of a waiting list and we'll let you know when that opens up.
14:26
[SPEAKER_02]: So if you're interested in doing that type of TA and trading with Brendan, of course around it and being live within multiple times a week like we do here for free,
14:35
[SPEAKER_02]: It's just more access to Brendan check it out third link below.
14:37
[SPEAKER_02]: But Brendan basically transitioning back into the rundown.
14:42
[SPEAKER_02]: All the volatility this week and we're kind of sitting there and I'm watching it go down.
14:47
[SPEAKER_02]: I don't love it, right?
14:48
[SPEAKER_02]: I don't love it.
14:48
[SPEAKER_02]: I'm just like, I don't get it.
14:49
[SPEAKER_02]: What's the narrative?
14:50
[SPEAKER_02]: That's kind of why I brought that Palantir example up.
14:52
[SPEAKER_02]: I'm watching Palantir fall off the roof.
14:54
[SPEAKER_02]: And I'm just like, well, I don't why Ethereum's going.
14:57
[SPEAKER_02]: I thought Ethereum had the narrative, right?
14:59
[SPEAKER_02]: I mean, Tom Lee's told me it's going to sixty thousand.
15:01
[SPEAKER_02]: It's the future of finance.
15:02
[SPEAKER_02]: Why is Ethereum falling like a rock?
15:05
[SPEAKER_02]: And I just saw this tweet out by by standard charter.
15:07
[SPEAKER_02]: I mean, this is a couple days ago where everything's dropping.
15:11
[SPEAKER_02]: And it's like Ethereum will hit twelve thousand and twenty six eighteen thousand and twenty seven twenty five thousand and twenty eight twenty nine per standard charter.
15:18
[SPEAKER_02]: And like, look at this, just my little tweet here.
15:20
[SPEAKER_02]: Why is everyone selling?
15:22
[SPEAKER_02]: What happened?
15:22
[SPEAKER_02]: What changed?
15:24
[SPEAKER_02]: And so I didn't know if you had any thoughts around that, or if you thought my language was appropriate in the sense that don't get caught up in these quick volatility moves that could be tied, you know, more to the macro than the actual asset.
15:38
[SPEAKER_02]: Like you got it.
15:39
[SPEAKER_02]: When you see these moves, the first thing I do is go
15:41
[SPEAKER_02]: trying to get research or talk to you or listen, you know, obviously we put on the podcast, but it's like I tried to do the research so immediately I go to the team and like, hey, was anybody seeing anything specifically around Ethereum specifically around aerodrome or is this some just some macro pullback.
15:56
[SPEAKER_03]: Yeah, I think that that's exactly what it is.
15:59
[SPEAKER_03]: It's just a little bit of like a natural pullback after running so much.
16:03
[SPEAKER_03]: And when it comes to predictions, you know, the way that I always like to look at predictions and like what people are saying and what it can actually achieve is that people tend to overestimate in the short term.
16:14
[SPEAKER_03]: And then on the opposite end, they tend to underestimate in the long term.
16:20
[SPEAKER_03]: So they overestimate the short term, underestimate the long term.
16:23
[SPEAKER_03]: And I think people are
16:26
[SPEAKER_03]: Easy to lose sight of what can be and what will be.
16:30
[SPEAKER_03]: You know, I was trading Bitcoin, you know, well under ten K, but everyone's like, could you imagine when it hits ten K?
16:36
[SPEAKER_03]: And then it did.
16:37
[SPEAKER_03]: And a hundred K was an even a thought.
16:39
[SPEAKER_03]: And people like, I don't know about that.
16:41
[SPEAKER_03]: It seems a little far fetched, maybe by twenty forty, maybe twenty fifty.
16:45
[SPEAKER_03]: Well, you know, then we went from ten K to twenty five, twenty five to fifty, fifty to a hundred, now we're about a hundred K still, even after all this stuff.
16:55
[SPEAKER_03]: And the same thing kind of goes for Ethereum, and I think with just a lot of crypto in general is that people were so concerned with the short term of what was possible.
17:03
[SPEAKER_03]: that just a couple years later, you know, it's well over a hundred K even after these pullbacks.
17:09
[SPEAKER_03]: And so I think they're right, you know, when when we look back at the years to come, I'm actually more confident in those estimates than I would with people saying, what are we going to be at, you know, tomorrow morning?
17:20
[SPEAKER_03]: I think those are actually harder to do is those like, what are we going to be at tomorrow, right?
17:26
[SPEAKER_03]: Because you know, you just never know anything can happen.
17:28
[SPEAKER_03]: And I think the one thing that's holding people back here is
17:31
[SPEAKER_03]: Well, A, right, we've won on this run and we're cooling off just a little bit.
17:34
[SPEAKER_03]: It's natural.
17:35
[SPEAKER_03]: It happens.
17:36
[SPEAKER_03]: It's part of any market.
17:37
[SPEAKER_03]: But two, I think people are stressed out.
17:40
[SPEAKER_03]: I think people are pulling their hair out, getting gray hairs over what's going to happen at Jackson Hole.
17:45
[SPEAKER_03]: And what in the world we're going to hear through Jay Powell's mic tomorrow?
17:48
[SPEAKER_03]: Because the odds were at like ninety something percent for a rate cut.
17:52
[SPEAKER_03]: Now they're falling in all sorts of uncertainty.
17:56
[SPEAKER_03]: We got the PPI data last week, and that was a little bit more of a scare that skewed the odds back to the downside.
18:03
[SPEAKER_03]: And crypto has been desperately hoping for a rate cut because if you go and you look at the historical performance of crypto during rate cuts, it does really, really well while the Fed is cutting rates.
18:15
[SPEAKER_03]: And so crypto has been hoping for it.
18:17
[SPEAKER_03]: They told us, hey, we're going to get multiple rate cuts this year.
18:19
[SPEAKER_03]: You know, here we are now about the push in the September, we're still not seeing any of them.
18:26
[SPEAKER_03]: I don't want to rant about it too much to you, but you know, we've talked about it before.
18:30
[SPEAKER_03]: They've gone back and forth between, oh, we're forward looking, we're backward looking.
18:34
[SPEAKER_03]: We're looking forward for data to come.
18:36
[SPEAKER_03]: We're looking backwards on data that has already happened.
18:39
[SPEAKER_03]: And I think people are just frustrated because they feel as if.
18:42
[SPEAKER_03]: And I'm going to try to keep as much bias as I can out of this.
18:44
[SPEAKER_03]: But like they feel as if the fet is become somewhat unpredictable or unreliable in the stance that like the term in these things.
18:53
[SPEAKER_03]: And you know, there's just frustration there.
18:55
[SPEAKER_03]: You can hear my frustration from it because I'm a criminal investor.
18:59
[SPEAKER_03]: I'm a risk on asset investor.
19:01
[SPEAKER_03]: You know, we want to see rate cuts because we're biased.
19:04
[SPEAKER_03]: Right, here's the deal.
19:04
[SPEAKER_03]: We want to make money.
19:05
[SPEAKER_03]: We want to see everything go up.
19:07
[SPEAKER_03]: So obviously, we're going to be biased towards the end of Ray cuts and I'm not saying it's an easy decision because it's definitely a hard job.
19:14
[SPEAKER_03]: But when you look at the past several years of what the expectation was going into the year, I was doing a study on this.
19:22
[SPEAKER_03]: Have you looked at I think I did twenty twenty two twenty twenty three and twenty twenty four I remember twenty twenty twenty twenty four specifically you know the rate cuts were always under expectations of what most analysts and what the fed like thought it was going to be and then it was less and then the next year it was less and then the next year it was less and then you know here we are in twenty twenty five and people have been going through this cycle where they feel like they're getting like
19:45
[SPEAKER_03]: baited by, you know, the bait's on the hook and then they're yanking it away right before a very eyes.
19:52
[SPEAKER_03]: And so people are just a little bit frustrated.
19:54
[SPEAKER_03]: And I think that that's the second half of what's happening with this price action as investors are like, all right, you know, we're going to take some risk off the table here because we're not completely sure what's going to happen.
20:09
[SPEAKER_02]: Yeah, it's been, I mean, it's just been unprecedented times, obviously, since COVID and just a huge liquidity injection into the country and the world, really.
20:17
[SPEAKER_02]: That's why we bring up the end to money supply so many times on this show for those who have listened.
20:22
[SPEAKER_02]: You know, I think we'll, we'll kind of move on, but it just sadly it has gotten political too, right, Brendan?
20:27
[SPEAKER_02]: It's like, it feels like it's needed.
20:28
[SPEAKER_02]: Yeah, it's never Democrat or a public in here on this show at all, but you could, you could make arguments on both sides for how the kind of Fed narrative has played out over the last year, plus.
20:39
[SPEAKER_02]: Um, and we've talked about that on the show.
20:40
[SPEAKER_02]: So we're not going to rehash it, but it's just something you have to monitor and that that's why we bring it up and again, like you said, we're definitely by towards wanting the cuts because it's an interest really has helped crypto, but um, it'll be interesting and it tees us up easily for next week.
20:54
[SPEAKER_02]: Um, definitely tune in tomorrow.
20:56
[SPEAKER_02]: If you're on social media and you're getting your finance news, um, we'll be tuning in, but uh, we're going to, we're going to let Fed Pau speak.
21:03
[SPEAKER_02]: It, it will be a clearing event.
21:05
[SPEAKER_02]: I think in some type of way, right?
21:07
[SPEAKER_02]: It's a clearing event either.
21:08
[SPEAKER_02]: It goes risk-only.
21:09
[SPEAKER_02]: Oh, it's dove-ish and we're risk-on, the market goes up, or it's a clearing event.
21:12
[SPEAKER_02]: Okay.
21:13
[SPEAKER_02]: Well, that was the bad news that the market was trying to digest, and maybe there's a flush.
21:17
[SPEAKER_02]: So again, we don't have a crystal ball.
21:19
[SPEAKER_02]: We can't tell you, but just to end up the fact that Friday is an interesting fed-speak type of day at this conference.
21:26
[SPEAKER_02]: It's basically a world-type stage for the Federal Reserve.
21:30
[SPEAKER_02]: So they'll be taking that.
21:31
[SPEAKER_02]: I think I did have one more stat on Ethereum we can do before we move on and this is just kind of again.
21:37
[SPEAKER_02]: We macro, we zoom out, we let you know, let's zoom into the crypto markets.
21:41
[SPEAKER_02]: Let's get back to the research because when I see Ethereum falling off a table and I'm like, what's wrong?
21:45
[SPEAKER_02]: Brendan, what's wrong?
21:46
[SPEAKER_02]: Is Ethereum did it go off lines?
21:47
[SPEAKER_02]: It shut down, did Vitalik or Dyer?
21:49
[SPEAKER_02]: What's going on and nothing, right?
21:52
[SPEAKER_02]: So, it's not, it's not a, it's nothing and it's not a crypto run down if we don't bring up Tom Lee and so he throws out this and he goes the last time we talked about on the show a couple weeks ago.
22:01
[SPEAKER_02]: So honestly, credit us credit us for bringing up Ethereum had low
22:08
[SPEAKER_02]: Bailability on exchanges, right?
22:09
[SPEAKER_02]: The Ethereum volume was low on exchanges.
22:12
[SPEAKER_02]: And I think we brought that up about two weeks ago.
22:14
[SPEAKER_02]: And so Tom comes out with this stat and says the last time that ETH was thirty dollars.
22:19
[SPEAKER_02]: I'm sorry, the last time ETH balances were this low on exchanges.
22:22
[SPEAKER_02]: The last time that this happened, ETH was thirty dollars.
22:25
[SPEAKER_02]: Thirty dollars for an ETH.
22:27
[SPEAKER_02]: And it went all the way to fifteen hundred.
22:29
[SPEAKER_02]: So again, I'm not saying, and I don't think Tom's necessarily saying that he's predicting those type of returns that quickly.
22:35
[SPEAKER_02]: But it's something
22:38
[SPEAKER_02]: I'm Lee is now the micro, I'm sorry, the micro strategy, micro sailor of Ethereum.
22:43
[SPEAKER_02]: I think we can both agree on that.
22:44
[SPEAKER_02]: And when he throws stuff like this, it is quite interesting.
22:48
[SPEAKER_03]: I mean, he's clearly watching the crypto run down because he knows it's the best thing on earth.
22:56
[SPEAKER_03]: I see a little dexter's died.
22:57
[SPEAKER_03]: You know, you're right.
22:58
[SPEAKER_03]: I mean, men, we did talk about this, you know, at least a week or two ago and exchange reserves are dropping for Ethereum.
23:05
[SPEAKER_03]: So this applies getting more and more rare.
23:07
[SPEAKER_03]: demand is ramping up.
23:09
[SPEAKER_03]: We just had the best Q-three ever for our theorium.
23:12
[SPEAKER_03]: We also just had the biggest month in terms of ETF inflows.
23:15
[SPEAKER_03]: We broke the single dairy record.
23:17
[SPEAKER_03]: We broke the single month record.
23:19
[SPEAKER_03]: We broke last year's records already.
23:21
[SPEAKER_03]: And there's increasing demand in a decreasing supply for Ethereum.
23:25
[SPEAKER_03]: And the more that it's used, the more inflationary it becomes.
23:31
[SPEAKER_03]: It'll actually start burning more than is coming out.
23:34
[SPEAKER_03]: Yeah, I listen.
23:35
[SPEAKER_03]: I think there's going to be some big things here for Ethereum.
23:38
[SPEAKER_03]: And again, when we look at all this stuff, again, short-term pain for long-term gain.
23:42
[SPEAKER_03]: Listen, we're going to go through ups and downs.
23:44
[SPEAKER_03]: Historically, August and September are two of the worst months for crypto.
23:48
[SPEAKER_03]: What we start seeing, though, is as we enter into October, or as I already saw people in the chat box saying, October, as we've nicknamed it, you know, we have October, we have November, we have the Santa Claus rally of December, and then we have three of the best months that follow two of the
24:04
[SPEAKER_03]: worst months.
24:07
[SPEAKER_02]: Shout out to Noah, our friend Noah with a super chat.
24:10
[SPEAKER_02]: Thank you Noah, Tom Lee, show us the way.
24:13
[SPEAKER_02]: He most certainly has many times before, especially with Bitcoin and a solid start to his Ethereum call.
24:20
[SPEAKER_02]: So it's again, it's something that we like to follow when we will be.
24:22
[SPEAKER_02]: If you have a question,
24:24
[SPEAKER_02]: tossing the chat we'll try to get to it eventually and thank you for that super chat my friend just some quick hitters here we've got a we've got sui trading on Robinhood brand and I know I know sui's somebody we've had on the pod before in the past um something I've seen you know broke heat talk about on the newsletters and you guys discussed it's probably been the uh coin of the week a couple times in the past it's it's uh it's it's it's a pretty big name I think to be added to Robinhood so again just kind of the momentum's pretty exciting
24:53
[SPEAKER_03]: Yeah, and it's cool to see them adding more and more features.
24:56
[SPEAKER_03]: Robin Hood, clearly a friend.
24:58
[SPEAKER_03]: We've had him on the podcast.
24:59
[SPEAKER_03]: We've talked about him quite a few times over here.
25:01
[SPEAKER_03]: They've also been adding some different kinds of like staking capabilities as well.
25:06
[SPEAKER_03]: So adding new altcoins, adding new crypto features.
25:10
[SPEAKER_03]: Uh, it's a growing trend that Robin Hood, which started out as Tradfie, has been doubling down on crypto and it's been doing doing well.
25:18
[SPEAKER_03]: And we think we're going to see more of this from not only Robin Hood, but of Tradfie as a whole.
25:24
[SPEAKER_02]: Yeah, well, what we're kind of on this is this wasn't on the run down, but we talked to, I slacked earlier, the Coinbase Dex launched.
25:30
[SPEAKER_02]: Do you have any insight into that?
25:32
[SPEAKER_02]: What, what?
25:33
[SPEAKER_02]: Again, I know he didn't really prep it, but I went on the other day and saw that that launch and it looked really interesting.
25:39
[SPEAKER_03]: Yeah, so the way that this is going to work is that Coinbase announced that they are going to be essentially natively integrating aerodrome.
25:51
[SPEAKER_03]: which is the primary decentralized exchange for the base ecosystem.
25:57
[SPEAKER_03]: And so this is really cool, like mutually beneficial relationship, where obviously Coinbase, we all know them, the exchange, they built the base layer two.
26:07
[SPEAKER_03]: And it quickly became one of the most popular layer two's, if not like the most popular layer two on Ethereum.
26:13
[SPEAKER_03]: And so Aerodrome said, hey, we're going to be one of the first builders.
26:17
[SPEAKER_03]: And what they built
26:19
[SPEAKER_03]: On base, the layer two, was a decentralized exchange and a hub where people can swap and trade and stake and provide liquidity and just support the overall base ecosystem.
26:32
[SPEAKER_03]: And so Coinbase saw this and said, well, hey, we only offer so many coins on here.
26:38
[SPEAKER_03]: Would have we just partnered with AeroDrum.
26:41
[SPEAKER_03]: thank them for supporting our ecosystem and blowing it up so much, doing it a lot of good service.
26:46
[SPEAKER_03]: What if we partner with them and we integrate it so that people could just come through the Coinbase exchange and have this ability built in to use aerodrome.
26:55
[SPEAKER_03]: So instead of having to send your funds from Coinbase to a wallet, connect your wallet to the decentralized exchange, go through the whole regular roll.
27:02
[SPEAKER_03]: What if you could just all do it inside of Coinbase itself?
27:06
[SPEAKER_03]: And that's kind of where this thought came from.
27:08
[SPEAKER_03]: So instead of getting access to two hundred different cryptos, like you see on the screen now, well, now if you go through the Dex option, you can get access to millions of different cryptocurrencies.
27:18
[SPEAKER_03]: And so it's a really cool feature that supports aerodrome.
27:21
[SPEAKER_03]: And listen, we've talked about them a lot.
27:23
[SPEAKER_03]: We even mentioned them already today.
27:25
[SPEAKER_02]: But yeah, we had aerodrome on the podcast a little bit ago, but it was when we first came out and we kind of eyed it up, you know, again, credit us.
27:38
[SPEAKER_02]: Okay, it's us.
27:39
[SPEAKER_02]: But yeah, I think that's super exciting.
27:42
[SPEAKER_02]: Obviously, again, a little call to action here.
27:44
[SPEAKER_02]: If you've been watching, we appreciate it.
27:46
[SPEAKER_02]: If you're new, subscribe.
27:47
[SPEAKER_02]: Bottom right, hit the logo.
27:49
[SPEAKER_02]: Give us a subscribe.
27:50
[SPEAKER_02]: Please like the video.
27:51
[SPEAKER_02]: It keeps us helping us do this stuff for free.
27:54
[SPEAKER_02]: And you want to subscribe and hit the bell because you want to be notified when we go live.
27:58
[SPEAKER_02]: And you want to be notified for tutorials.
28:00
[SPEAKER_02]: So Brendan, Brian, Joe, the whole team.
28:02
[SPEAKER_02]: They've made some awesome tutorials.
28:04
[SPEAKER_02]: And Brendan, I were talking that we got to maybe get some dex tutorials going here.
28:08
[SPEAKER_02]: uh... in the next couple weeks so if you're interested in learning about how to use coinbase to access millions of millions of different cryptos makes you subscribe and stay up to date but that that's the theme of the bullishness continues right so he's added a robin hood a theorem standard charter calls are we're going to you know thirty forty thousand whatever time least telling you the ethereum exchanges low the bullish momentum continues and that's no different in the regulation space as well which is what we're always
28:37
[SPEAKER_02]: I'm keeping a ear to the ground for.
28:39
[SPEAKER_02]: And so I pulled a clip, friend of the program, Cynthia Lumis, who's our basically number one Bitcoin politician probably besides the president of the United States.
28:49
[SPEAKER_02]: But she's the one that's always talking about the bills and pushing him forward.
28:53
[SPEAKER_02]: And she keeps talking about more market structure.
28:55
[SPEAKER_02]: It's going to be done this year.
28:56
[SPEAKER_02]: It's going to be done this year.
28:58
[SPEAKER_02]: So I thought it was, we haven't played clips in a while.
29:00
[SPEAKER_02]: So let's play a clip here as the bullish momentum continues.
29:04
[SPEAKER_02]: for market structure down in Washington, DC, around regulation.
29:12
[SPEAKER_00]: We are working a market structure with the goal of having it out of committee, out of the Senate, thanking committee by the end of September.
29:24
[SPEAKER_00]: The Ag Committee, the Senate Ag Committee, hopefully will work there part of it, the commodity futures trading commission part of market structure through the month of October.
29:36
[SPEAKER_00]: And we will have market structure to the President's desk.
29:40
[SPEAKER_00]: Before the end of the year, I hope it's before Thanksgiving.
29:44
[SPEAKER_02]: So again, just bullish news, we're keeping the momentum going down in DC.
29:49
[SPEAKER_02]: So when you see this negativity and the volatility, right, we're bringing you a standard chart, we're bringing you to Tom Lee, we're bringing you Cynthia Lillamis, and then one final clip here that I pulled is Brian Armstrong from Coinbase talking about a million dollar prediction.
30:02
[SPEAKER_02]: Let's tune in, Brendan, and then we'll break it down.
30:04
[SPEAKER_01]: The rough idea I have in my head is like, we'll see a million dollar Bitcoin by twenty thirty.
30:08
[SPEAKER_01]: And there's high error bars around these things, but you know, just to give you a couple of data points, right?
30:14
[SPEAKER_01]: We're starting to see regulatory clarity emerge in the United States, which I think is a bill weather for the rest of the G-twenty, have the genius act passed now for stable coins, but this market structure bill is being debated in the Senate, fingers crossed, something could happen by end of this year.
30:27
[SPEAKER_01]: That would be a huge milestone.
30:29
[SPEAKER_01]: The United States government now has a strategic Bitcoin reserve.
30:31
[SPEAKER_01]: So that is, if you ask me five years ago, that would have been kind of like vision board and someone would have said you're crazy like the United States government is not going to.
30:38
[SPEAKER_01]: especially hold Bitcoin, but if, you know, they do that, which there's not exactly what we do.
30:43
[SPEAKER_01]: I think a bunch of other countries are going to do that.
30:46
[SPEAKER_02]: Weaves.
30:47
[SPEAKER_02]: So I see everybody up again.
30:49
[SPEAKER_02]: I'm super producer.
30:50
[SPEAKER_02]: I try to give you the runway.
30:52
[SPEAKER_02]: I give you the volatility.
30:53
[SPEAKER_02]: I give you the charts with Brendan.
30:55
[SPEAKER_02]: We give you the news.
30:56
[SPEAKER_02]: We give you the standard chart of the e-th price predictions, the Tom Lee.
30:59
[SPEAKER_02]: We give you the regulation, end of your regulation from sitting senators, congressmen, men and women, and then we give you price targets from coinbase.
31:06
[SPEAKER_02]: It's all tied together.
31:07
[SPEAKER_02]: I just think this bullish narrative is still completely intact, Brendan, even though there's been some volatility.
31:13
[SPEAKER_02]: So what, what's your takeaway from those couple clips?
31:17
[SPEAKER_03]: Yeah, I mean, I think, listen, people are very optimistic about the future.
31:21
[SPEAKER_03]: And again, all this short-term crap does not affect what's going to happen in the years to come.
31:26
[SPEAKER_03]: It's very minor.
31:28
[SPEAKER_03]: We haven't seen anything that is devastating.
31:31
[SPEAKER_03]: It's just all sentiment driven right now, right?
31:34
[SPEAKER_03]: It's all emotional.
31:35
[SPEAKER_03]: It's all sentiment.
31:36
[SPEAKER_03]: There's nothing fundamentally that has changed.
31:38
[SPEAKER_03]: In fact, the fundamentals
31:40
[SPEAKER_03]: And these catalysts, these driving factors continue to get increasingly more bullish and more bullish.
31:47
[SPEAKER_03]: And that's what I really want people to be paying attention to here.
31:50
[SPEAKER_03]: And like on top of this, you know, I know we saw Goldman Sachs, like they came out and they're like, hey, we see stablecoins and the whole stablecoin market reaching trillions of dollars in market cap.
32:02
[SPEAKER_03]: And we have it up on the screen right now for everyone that's watching on YouTube.
32:07
[SPEAKER_03]: But this is a big deal.
32:08
[SPEAKER_03]: And we've seen other people talk about this as well.
32:10
[SPEAKER_03]: I think it was a Secretary Treasury Scott Besson said a couple months ago that he sees something similar where I forget the exact number.
32:19
[SPEAKER_03]: I think it was like three point seven trillion or something like that.
32:25
[SPEAKER_03]: I'm sure we can maybe fact check that real fast table, but basically he came out and was like, hey, I could see this reaching a market cap of like a few trillion dollars within the next, you know, I forget what the timeline was, but maybe the next like five to ten years or something like that.
32:40
[SPEAKER_03]: And so there is this.
32:43
[SPEAKER_02]: Three points stable market could reach three point seven trillion by the end of the decade Scott Besson says,
32:50
[SPEAKER_03]: And the next five years.
32:52
[SPEAKER_03]: So, you know, we have to think, you know, we're talking about the Secretary Treasury of the U.S., we're talking about Goldman Sachs, clearly a household name.
33:00
[SPEAKER_03]: They're paying people, you know, God knows how much money to do this stuff.
33:04
[SPEAKER_03]: And they're saying we see this as a really solid possibility.
33:07
[SPEAKER_03]: So you're hearing it from the banks, you're hearing it from the government.
33:10
[SPEAKER_03]: Doesn't make it true by any means, but
33:13
[SPEAKER_03]: You know, we're also just kind of trying to push this idea of like we think that this can be a multi trillion dollar industry in and of stablecoins.
33:21
[SPEAKER_03]: And so who's going to be the biggest beneficiary of that?
33:24
[SPEAKER_03]: Well, it's probably going to be some of these mainstream L ones.
33:27
[SPEAKER_03]: You know, you have to think Ethereum is probably number one on that list.
33:30
[SPEAKER_03]: I think it's hard to make an argument otherwise.
33:32
[SPEAKER_03]: And then anything that supports Ethereum as a layer one and as an ecosystem are probably going to benefit as well.
33:40
[SPEAKER_03]: And so there's some potential there.
33:42
[SPEAKER_03]: And the thing is like we're speculating now, we've done previous episodes on everyone who wants to integrate this.
33:50
[SPEAKER_03]: Like we have this a couple weeks back.
33:53
[SPEAKER_03]: where we listed all the different banks, all the different asset managers, all these different companies that have either filed or said that they want to file for some form of stablecoin integration, maybe even creating their own.
34:05
[SPEAKER_03]: And it's like all the big heavy hitters have already started doing this.
34:09
[SPEAKER_03]: The thing is, like, the integration itself hasn't even happened yet.
34:12
[SPEAKER_03]: So people are going to say, well, why aren't we well on our way already?
34:15
[SPEAKER_03]: And it's like, well, they haven't even integrated it yet.
34:18
[SPEAKER_03]: Like, we are literally
34:20
[SPEAKER_03]: getting in here before the race begins for stablecoins.
34:24
[SPEAKER_03]: It's like stablecoins exist, but all these household names and asset managers and all these different people, they haven't even begun to start using them in the ways that they want.
34:33
[SPEAKER_03]: And so they're at this regulatory process beforehand.
34:36
[SPEAKER_03]: And everyone's waiting to see, you know, what that's going to be like when we get there.
34:41
[SPEAKER_03]: So a lot of exciting things to come.
34:44
[SPEAKER_03]: And I think, again, it's something to keep an eye out on.
34:46
[SPEAKER_02]: Like, it's like Bryce said last night, he had a great tweet.
34:49
[SPEAKER_02]: He was like, we're still so early.
34:51
[SPEAKER_02]: The Clarity Act hasn't passed yet.
34:52
[SPEAKER_02]: We're from running institutions.
34:54
[SPEAKER_02]: They should have called it the early act.
34:57
[SPEAKER_02]: I love that.
34:58
[SPEAKER_02]: I was like, yeah, exactly.
35:01
[SPEAKER_02]: They should have called it the early act.
35:02
[SPEAKER_02]: I thought that was great from our fearless leader, Bryce.
35:06
[SPEAKER_02]: But I guess moving on a couple more quick hitters before your special presentation on not presentation, but just a little tutorial around liquidity pools.
35:15
[SPEAKER_02]: You're going to teach me that teach everybody else.
35:17
[SPEAKER_02]: The Cracking.
35:19
[SPEAKER_02]: Cracking expands.
35:20
[SPEAKER_02]: It's tokenized X stocks to Tron and latest expansion of the back partnership there.
35:25
[SPEAKER_02]: So this is just kind of an expansion on tokenized stocks, right?
35:31
[SPEAKER_03]: Yeah, it is, man, and they're doubling down on this.
35:34
[SPEAKER_03]: And we've seen a big push for tokenization in general.
35:37
[SPEAKER_03]: We saw Robin Hood come out and talk about doing this.
35:40
[SPEAKER_03]: We've seen a lot of tokenized infrastructure on Ethereum.
35:43
[SPEAKER_03]: We've seen a big push on Solana as well with, you know, ex-docs.
35:48
[SPEAKER_03]: And now you know, now they're expanding.
35:51
[SPEAKER_03]: to Tron here, which we talked about at the very beginning of the episode.
35:55
[SPEAKER_03]: And so tokenization, I think, is like the second of this.
35:59
[SPEAKER_03]: And I think it fits into this defined narrative, but you're seeing a huge push in like AI, stable coins, and tokenization.
36:07
[SPEAKER_03]: And those are like the big areas where like everyone is just salivating over these and what the potential of them could be in five, ten, fifteen years from now.
36:18
[SPEAKER_03]: And there's just a lot of exciting things that are happening.
36:22
[SPEAKER_03]: And because of this, I mean, it feels like crypto companies with all the mainstream adoption and attention and sentiment shifting, like the IPOs are coming out of the woodworks, Dvo have you seen this?
36:34
[SPEAKER_02]: Yeah, it's the IPO parade.
36:36
[SPEAKER_02]: Just in general, I mean, obviously we've covered circle.
36:40
[SPEAKER_02]: Another tech one, Figma went crazy bullish when crazy and they are getting a little air taken out of them, kind of along the same lines of the Palantir trade that we highlighted earlier, just some of these high flyers, we got to come back down to Earth a little bit, but there is a high appetite for IPOs right now in general, and specifically the all the crypto ones.
36:59
[SPEAKER_02]: have absolutely crush.
37:00
[SPEAKER_02]: So the IPO parade is starting cracking.
37:03
[SPEAKER_02]: Cracken's looking to get in it.
37:05
[SPEAKER_02]: Obviously we cover Gemini Gemini filed paperwork for it.
37:09
[SPEAKER_02]: Grayscale here.
37:10
[SPEAKER_02]: I got the Grayscale article.
37:11
[SPEAKER_02]: Grayscale's filing bit goes filing.
37:15
[SPEAKER_02]: I mean, this is it's it's literally like I said.
37:17
[SPEAKER_02]: It is the
37:19
[SPEAKER_02]: The IPO parade is on, I think, for TradFi.
37:22
[SPEAKER_02]: I think that's part of the play.
37:24
[SPEAKER_02]: We're holding interest rates.
37:26
[SPEAKER_02]: We're going to cut.
37:26
[SPEAKER_02]: There's going to be more liquidity.
37:27
[SPEAKER_02]: It's time to go public.
37:30
[SPEAKER_02]: Yeah, I think, again, these announcements just show it's more the same people.
37:35
[SPEAKER_02]: The appetite for crypto and TradFi is super high.
37:39
[SPEAKER_02]: And I think part of the clip we played with Senator Loomis is the regulation and the more clarity we have.
37:45
[SPEAKER_02]: Again, I don't think that's specific to one specific company IPO, but there's just still a lot of these investment firms that they want exposure to the alpha, but they can't go and buy Solana.
37:55
[SPEAKER_02]: They can't go and buy Ethereum or even some of them can't even go and buy Bitcoin yet.
37:59
[SPEAKER_02]: But that's why the Bitcoin ETFs have unlocked so much liquidity and the same thing will be true for altcoins.
38:05
[SPEAKER_02]: You just kind of need the framework, but if anything has showed us, and I've mentioned this on the show before, this is one of my kind of hotter takes and personal opinions is like,
38:13
[SPEAKER_02]: All coin season is already here in some areas.
38:16
[SPEAKER_02]: You just got to know where to look and some of that all coin season has happened with these crypto IPOs and just looking Robin Hood stock.
38:23
[SPEAKER_02]: We talk about that all the time nauseating, but like look at that stock.
38:26
[SPEAKER_02]: If you can, you could consider that almost like because it's got exposure to crypto, right?
38:30
[SPEAKER_02]: Same thing with circle.
38:31
[SPEAKER_02]: It's exposure bullish that rips super higher exposure to crypto.
38:35
[SPEAKER_02]: So
38:36
[SPEAKER_02]: The appetite is there and it's going to keep going.
38:41
[SPEAKER_02]: Any final thoughts to add to that?
38:43
[SPEAKER_03]: No, I mean, I think you're right.
38:45
[SPEAKER_03]: You know, the crypto market has matured a lot.
38:48
[SPEAKER_03]: There's a lot of different ways to get exposure now.
38:50
[SPEAKER_03]: There's a lot of different ways to make money.
38:53
[SPEAKER_03]: And we're seeing a lot.
38:54
[SPEAKER_03]: I'd say most sectors do really well, but you have to be a little bit more picky because the sector has grown so much.
39:01
[SPEAKER_03]: Now, if there's more of
39:05
[SPEAKER_03]: I don't know, there's more of a clear line between the winners and losers.
39:08
[SPEAKER_03]: And the crypto industry isn't so small where there's so few options where in a bull market everything does well.
39:14
[SPEAKER_03]: Well, now it's grown enough to wear like, hey, just because we're in a bull market and everything's doing pretty good, doesn't mean every single crypto, every single project, every single company is going to see equal gains.
39:26
[SPEAKER_02]: Love it.
39:29
[SPEAKER_02]: The last point here is, with all the bullishness going on and all the marching forward in the industry, you would think that, hey, it's time to educate.
39:39
[SPEAKER_02]: It's time to listen to the rundown.
39:41
[SPEAKER_02]: It's time to subscribe to Bryce, to Brendan and march forward with the crypto future.
39:48
[SPEAKER_02]: That's true, I'd say, for almost all of the crypto world and for the chat via industry, it's all true, except for one person, one name.
39:56
[SPEAKER_02]: And that's Vanguard, folks.
39:58
[SPEAKER_02]: I mean, good Lord, Vanguard coming out and suggesting a seventy percent bond and thirty percent stock portfolio for the next decade.
40:07
[SPEAKER_02]: I mean, I thought it was a troll, but I went and looked it up and apparently it's true.
40:11
[SPEAKER_02]: I mean, this is the same Vanguard folks that doesn't let you buy the Bitcoin ETFs, but you can buy micro strategy.
40:18
[SPEAKER_02]: Make that make sense to me.
40:20
[SPEAKER_02]: And they haven't changed that position in a year plus with all the bullishness going on and all the IPOs that there I guess you're allowed to buy right on their platform.
40:30
[SPEAKER_02]: You can go buy circle.
40:31
[SPEAKER_02]: You can go buy bullish.
40:32
[SPEAKER_02]: You can go buy micro strategy.
40:34
[SPEAKER_02]: Brendan what is what is like I can't believe they didn't put out a disclaimer that this isn't personal financial advice much less a joke.
40:42
[SPEAKER_02]: Seventy percent bond.
40:44
[SPEAKER_02]: Thirty percent stock.
40:46
[SPEAKER_03]: When you showed me this yesterday, I had to do a double check and I remember we were in a call with some of the other team and I was laughing hysterically.
40:55
[SPEAKER_03]: When I saw that they were suggesting seventy percent bond exposure, I
41:01
[SPEAKER_03]: It was flat.
41:02
[SPEAKER_03]: I still am.
41:03
[SPEAKER_03]: I'm reading it again.
41:04
[SPEAKER_03]: And I'm flabbergasted.
41:05
[SPEAKER_03]: Like borderline speechless.
41:07
[SPEAKER_03]: Seventy percent bond exposure is crazy.
41:11
[SPEAKER_03]: Crazy.
41:12
[SPEAKER_03]: How much do you want to grow your portfolio?
41:14
[SPEAKER_03]: That is the I want to match inflation growth.
41:16
[SPEAKER_03]: That is the I don't want to retire path.
41:19
[SPEAKER_03]: Like a seventy percent bond exposure.
41:21
[SPEAKER_03]: I've never heard of anyone ever having life changing experiences and going anywhere off of this.
41:27
[SPEAKER_03]: Like you'd be
41:28
[SPEAKER_03]: I feel like you would be better off doing a million different strategies and it's not even like it's risk free because then there's going to be parts where like there's going to be times where like your borderline not out pacing inflation and other things and like I don't know.
41:43
[SPEAKER_03]: I think the risk of going that risk off
41:47
[SPEAKER_03]: is like to me that's like higher risk right because you're so risk off they're almost not gaining anything and is that not a higher risk than than any anyway I'm gonna rant about it but like yeah and here's a deal they still won't add Bitcoin they still won't add crypto and they still won't do a lot of this stuff but I find it a bit
42:06
[SPEAKER_03]: I mean, dare I say I find it a bit hypocritical that people can get exposure and access to all these different crypto-related companies and exchanges and treasuries, but they can't trade the underlying assets even though they're clientele clearly once it and they're losing market share to the other asset managers that are offering it.
42:23
[SPEAKER_03]: It's hard to say and it's hard to find a reason as to why they wouldn't do this under modern regulation, under modern adoption.
42:31
[SPEAKER_03]: And when you look at the excess that black rock has had, that fidelity that has had, that all these other financial institutions that have launched Bitcoin and Ethereum ETFs, like spot ETFs, I mean, it has become the most successful ETFs in history.
42:46
[SPEAKER_03]: It has brought in so much money.
42:49
[SPEAKER_03]: We're talking about billions and billions of dollars in assets into their management system.
42:54
[SPEAKER_03]: And there's just, there has yet to be like the downside.
42:58
[SPEAKER_03]: And so when you look at Vanguard, it's like,
43:02
[SPEAKER_03]: I mean, we had a running joke here.
43:03
[SPEAKER_03]: We haven't in the notes still, which is like, if you don't want to make money, listen, listen to Vanguard.
43:11
[SPEAKER_03]: Anyway, I hate on this because again, I'm going to be biased here.
43:14
[SPEAKER_03]: I like to accept the fact when I'm biased, but like, if you're going to tell people, seventy percent expand a bond exposure and then not allow them to have exposure to Bitcoin.
43:25
[SPEAKER_03]: I don't know.
43:26
[SPEAKER_02]: I draw my line in the same end you give them and you're giving them the leverage ETFs.
43:30
[SPEAKER_02]: It's like you're getting to that level.
43:32
[SPEAKER_02]: Yeah, it's crazy.
43:33
[SPEAKER_02]: It's crazy.
43:34
[SPEAKER_02]: It's crazy.
43:36
[SPEAKER_02]: Um, but yeah, that made that literally made me laugh.
43:39
[SPEAKER_02]: I mean, it's like it's doubling down.
43:41
[SPEAKER_02]: It's like, oh, no, you can't get the Bitcoin ETF, which is up, you know, a hundred percent whatever.
43:46
[SPEAKER_02]: And then, but oh, yeah, please, like, suggest seventy percent bond with our bond department get out of your Vanguard.
43:52
[SPEAKER_02]: There was so funny.
43:54
[SPEAKER_02]: We did, we did Ells in the chat.
43:56
[SPEAKER_02]: It was Ells in the chat for Vanguard.
43:58
[SPEAKER_02]: The chat was going crazy.
43:59
[SPEAKER_02]: I was so funny.
44:00
[SPEAKER_02]: Shout out to the chat.
44:01
[SPEAKER_02]: Ells in the chat for Vanguard.
44:04
[SPEAKER_02]: But that's our news today.
44:05
[SPEAKER_02]: I mean, what's that?
44:07
[SPEAKER_03]: I'm gonna say, could you imagine being an investor over there and like coming back to your portfolio?
44:11
[SPEAKER_03]: And being like, all right, you know, what have we done in the last two years?
44:14
[SPEAKER_03]: It's like, okay, well, we're, we're, we're seventy percent in bonds.
44:18
[SPEAKER_03]: So we missed the code of your recovery.
44:20
[SPEAKER_03]: We missed the twenty-twenty-two recovery, twenty-twenty-three recovery.
44:23
[SPEAKER_03]: We missed the tear for recovery.
44:24
[SPEAKER_03]: We missed all these like monumental by the dip opportunity because we were in bonds.
44:29
[SPEAKER_03]: And then the, yeah, anyway.
44:30
[SPEAKER_03]: Yeah, could you imagine just going back as an investor and being like, whoa.
44:35
[SPEAKER_02]: Imagine if you were, imagine if you were like trying to, you had all your money in Vanguard and you had all your money in Vanguard and the Bitcoin ETFs came out and you're too scared to buy regular Bitcoin but you heard the ETFs came out and you're like, oh, I'd really like to buy the Bitcoin ETFs and get a little bit of exposure but you only have your money, your money in Vanguard and you learn that they're not gonna offer it and it's not happening.
45:04
[SPEAKER_02]: And you're just kind of bummed and you're like, all right, I guess well, maybe I should move my money out and or a portion of it to go figure out how to get it and you don't do that and then you just see Bitcoin rip like it has like that's got to be devastating.
45:16
[SPEAKER_02]: So hopefully those people have been listening to the rundown and made the move, but that that's a sad kind of thought too of like not giving people access like democratizing access.
45:25
[SPEAKER_02]: to finance for all like let them make their own decision it's fine if you want to be risk off and you only offer traditional stocks not tied to Bitcoin but then you got to take out microstrategy and it's definitely not fair to be offering three x Tesla bulls leverage and vix x x x contracts with three x leverage of the vix that's crazy like your whole thesis of not being able to not offering it to people to protect them is crazy it's crazy yeah
45:51
[SPEAKER_03]: Yeah, it just seems like a double standard and listen, you know, I'm sure Vanguard's a fantastic company to work at their gigantic, you know, I'm not saying the company's bad, but we listen, we're biased.
46:01
[SPEAKER_03]: We want them to be more consistent.
46:03
[SPEAKER_03]: We want them to be more friendly to crypto and, you know, we just want to see them do better at the end of the day.
46:09
[SPEAKER_03]: So that's the big takeaway.
46:11
[SPEAKER_02]: couldn't agree more and again an exciting kind of time for your tutorial bread and to give us kind of your your insight into liquidity pools but before I hand it off to you just one more time for everybody we got we have a hundred people been watching the entire time which is awesome we appreciate you guys and if you haven't yet I only see thirty four likes on the video please give this video a like it means a lot to us it helps us grow the channel
46:34
[SPEAKER_02]: subscribe if you haven't and with that said we really appreciate you tuning in and here's just kind of what everybody was tuned in for that join especially from the email uh Brendan you got some hidden strategies that can help you uh make money daily in crypto via liquidity pools so can you kind of teas up and give us a tutorial and we can all do a little learning together
46:55
[SPEAKER_03]: Yeah, a hundred percent, man.
46:56
[SPEAKER_03]: So as we get into liquidity pools here, I want to just talk to the audience and kind of walk them through what this is because liquidity pools are something that I have done for years and years now.
47:07
[SPEAKER_03]: And it's a really cool opportunity where you can earn, you know, semi-passive income in the crypto space for cryptos that you might potentially already hold.
47:17
[SPEAKER_03]: And so the way that this works is that most of us are familiar with market makers, right?
47:22
[SPEAKER_03]: They go,
47:24
[SPEAKER_03]: and they earn a percentage of the fees, right?
47:27
[SPEAKER_03]: If you go and you trade on Coinbase, they charge a fee, right?
47:31
[SPEAKER_03]: And they get the collect that fee because you're trading on their exchange.
47:35
[SPEAKER_03]: The same goes for crack and the same goes for all of these different exchanges.
47:38
[SPEAKER_03]: Well, the cool thing is that with most modern decentralized exchanges, you can actually be a part of that process.
47:47
[SPEAKER_03]: So you can collect a percentage of the fees that are generated
47:51
[SPEAKER_03]: on any specific coin pairing, on most specific coin pairings, that you're trading.
47:56
[SPEAKER_03]: So if you want to go on, you know, Uniswap and collect a portion of the fees for people who trade Ethereum to USDC, you can do that.
48:06
[SPEAKER_03]: If you want to go on to Radium and you want to collect a portion of the fees for people who are swapping in between Solana and USDC, you can do that.
48:16
[SPEAKER_03]: And so that's what liquidity pools are, is that you can go
48:20
[SPEAKER_03]: connect a wallet to these decentralized exchanges, and then you can contribute liquidity to specific coin pairings.
48:26
[SPEAKER_03]: Now, the more you contribute, the bigger portion of the pool that you get, and the more that you're going to be earning, right?
48:33
[SPEAKER_03]: So if people are going in their constantly transacting on radio, which is like one of if not the most popular decks on Salana,
48:41
[SPEAKER_03]: Then you can be earning a portion of all those transactions as they're happening over and over and over again.
48:47
[SPEAKER_03]: And so that's what liquidity provision is.
48:50
[SPEAKER_03]: And it's a way for you to go and contribute liquidity.
48:53
[SPEAKER_03]: So I just wanted to briefly walk people through this and we're going to have a lot more information on this in just a second.
49:00
[SPEAKER_03]: But as we go through a screen share, let me just also connect a wallet real fast.
49:08
[SPEAKER_03]: But as we throw this up onto the screen, that one will do.
49:11
[SPEAKER_03]: And we take a look at this, you can just see that if you go from swap to liquidity and you click on this, there's going to be all these different liquidity pools that are here.
49:23
[SPEAKER_03]: Now there's two kinds of liquidity pools.
49:25
[SPEAKER_03]: There are standard and there are concentrated pools.
49:29
[SPEAKER_03]: Standard pools are saying just no matter where the price is no matter what's going on, I'm always going to be contributing liquidity.
49:35
[SPEAKER_03]: However, you're going to typically be getting a lower reward for standard.
49:39
[SPEAKER_03]: Concentrated is saying I'm going to concentrate where I'm contributing liquidity into a concentrated range.
49:47
[SPEAKER_03]: The benefit of this is that you're typically your funds are going to be getting used as liquidity more and more because it's concentrated into a specific zone.
49:55
[SPEAKER_03]: And so you're going to be generating typically speaking more fees because you're concentrating where your liquidity is going to be contributed to.
50:04
[SPEAKER_03]: So standards everywhere concentrated is exactly how it sounds where it's concentrated into a specific range.
50:11
[SPEAKER_03]: You typically earn more in terms of a concentrated pool.
50:15
[SPEAKER_03]: The only downside is that if it goes outside of that bracket that you set, saying I'm only going to contribute liquidity on Salana between a hundred fifty and two hundred bucks.
50:25
[SPEAKER_03]: If it goes outside of that, then what happens is,
50:29
[SPEAKER_03]: you have to redo your liquidity pool.
50:33
[SPEAKER_03]: So you have to remove your liquidity, restart it back up, and you incur a bit of impermanent loss, which is a whole other factor as well.
50:41
[SPEAKER_03]: So if we're just growing through this, let's just go to everything, right?
50:44
[SPEAKER_03]: Radium.
50:45
[SPEAKER_03]: I'm sure most of us are familiar with what radium is, or probably used it.
50:49
[SPEAKER_03]: There's over, you know, well over two.
50:51
[SPEAKER_03]: .five billion dollars in TVL, and we can see it over the last twenty four hours.
50:56
[SPEAKER_03]: They've done over one point five billion dollars in volume.
50:59
[SPEAKER_03]: So if we have the opportunity to capitalize on this, that's a pretty good idea, right?
51:06
[SPEAKER_03]: So let's just go through here, or fast.
51:08
[SPEAKER_03]: And let's just see like, you know, what are some of these bigger pools?
51:11
[SPEAKER_03]: And obviously some of the big ones are going to be like Solana USDC and so on and so forth.
51:16
[SPEAKER_03]: So if we go and let's just do like the top ones by fees, like what pools are actually generating us the most.
51:24
[SPEAKER_03]: And so what I like to do in one of my favorite ones is Solana to USDC.
51:28
[SPEAKER_03]: We keep it simple here.
51:30
[SPEAKER_03]: And there's a couple of different versions of this.
51:32
[SPEAKER_03]: And so as we go through, we can see like, hey, you know, inside this liquidity pool, there's a hundred and fourteen million dollars.
51:39
[SPEAKER_03]: It's doing about a hundred and twelve million dollars a day and twenty four hour volume.
51:44
[SPEAKER_03]: And over the last twenty four hours, there's been almost forty five thousand dollars in fees generated that we can partake in.
51:51
[SPEAKER_03]: So if I'm going to go ahead and open this up, for example, you know, we can click on something like this, go to deposit and set up our own liquidity pool or join this liquidity pool.
52:01
[SPEAKER_03]: And the cool thing about these concentrated pools is, again, I get to set my specific range.
52:06
[SPEAKER_03]: So I get to use a little bit of technical analysis if I want to say, hey, I only want to be contributing liquidity
52:12
[SPEAKER_03]: you know, within this area.
52:14
[SPEAKER_03]: So maybe I want to zoom in a little bit more and say hey, the bottom end of this is I want to contribute liquidity at around a hundred and seventy bucks to the top end.
52:22
[SPEAKER_03]: I want to be contributing liquidity up to two hundred and ten bucks.
52:26
[SPEAKER_03]: And I can do that over here.
52:28
[SPEAKER_03]: Alternatively, I can just type in the numbers rather than just dragging it around.
52:32
[SPEAKER_03]: So if I want to contribute liquidity, I can say, hey, I want to contribute liquidity on Solana, a hundred, seventy bucks at the low end, two hundred and eleven bucks at the high end, and I can just type that in down here as well.
52:43
[SPEAKER_03]: So now what it's going to do is it's going to give me an estimated APR.
52:49
[SPEAKER_03]: So if I want to come in here, I'm just going to put a filler of like, let's just say I'm going to do this with one Solana.
52:55
[SPEAKER_03]: What it's going to do here is it's going to say, hey, you're estimated APR and this is variable.
53:00
[SPEAKER_03]: It's not permanent.
53:02
[SPEAKER_03]: So this will change and I'll explain why that's the case in a second.
53:06
[SPEAKER_03]: But it's going to say, hey, you're going to earn around a hundred and fifty percent a year in terms of your APR.
53:13
[SPEAKER_03]: And the reason why this changes is because, again, it's based off of trading volume.
53:20
[SPEAKER_03]: During periods where there's more trading, more volume, more stuff going on, you're going to be generating more fees, right?
53:26
[SPEAKER_03]: Because there's more volume and transactions happening.
53:29
[SPEAKER_03]: During times when there is less volume, this number will go down.
53:33
[SPEAKER_03]: So this can fluctuate.
53:35
[SPEAKER_03]: It is a variable APR.
53:37
[SPEAKER_03]: But during times of really hot activity, you're going to be getting more.
53:40
[SPEAKER_03]: During times of less activity, you will be earning a little bit less.
53:44
[SPEAKER_03]: But we can go and we can go back to this and look at all these different liquidity options.
53:49
[SPEAKER_03]: So if I want to do this for Solana, the USDC, I can do that as an option.
53:54
[SPEAKER_03]: If I want to do this with Solana to all these different mean coins, I can do that as an option.
54:00
[SPEAKER_03]: If I want to do this for a coin that I really like, I know some people like to maybe do this with radium.
54:05
[SPEAKER_03]: Well, I can just search and say, hey, maybe I want to contribute liquidity for radium even on the radium decentralized exchange.
54:12
[SPEAKER_03]: Well, I can type radium and it's going to come right up and it's going to give me a bunch of different options.
54:17
[SPEAKER_03]: You know, here I have some that are going to be generating
54:20
[SPEAKER_03]: Um, twenty percent.
54:22
[SPEAKER_03]: Um, and I have other ones in different polls and the cool things I get to go in here and actually choose which pull I want.
54:28
[SPEAKER_03]: And so there's lots of different options here for what we can do, right?
54:33
[SPEAKER_03]: Not only like can we do it for specific coins and have all these different pairings that we can contribute liquidity for.
54:39
[SPEAKER_03]: Um, but then there's also options within that.
54:42
[SPEAKER_03]: And we can choose like the APR of like what best suits us.
54:46
[SPEAKER_03]: So what I'll say here is that, you know, you will see like a lot of meme queens in here and I don't want people to like freak out and see, oh my goodness, this says, you know, let's just like click on this one for example and click the positive it's going to say like the APR was around like, you know, some crazy number down here like, two hundred thousand percent or something.
55:07
[SPEAKER_03]: The reason for this and I want to again be careful with people's expectations is because this is probably a meme coin that's super liquid.
55:15
[SPEAKER_03]: It's not doing a lot.
55:17
[SPEAKER_03]: And these are typically like the most risky ones to get into.
55:20
[SPEAKER_03]: So when people come over for liquidity pools and they see these things saying, oh, you could generate a hundred and sixty thousand percent APR.
55:27
[SPEAKER_03]: Well,
55:28
[SPEAKER_03]: You have to consider like, is this actually a reliable coin?
55:31
[SPEAKER_03]: Is it going to be inflating at a really, really high rate?
55:34
[SPEAKER_03]: Is this coin going to even be around by the end of the year?
55:38
[SPEAKER_03]: Is it going to be depreciating really fast?
55:42
[SPEAKER_03]: And things like that, right?
55:43
[SPEAKER_03]: So just because there's a high APR doesn't always mean that it's a good decision.
55:47
[SPEAKER_03]: And I like to err on the side of like caution and safety and sticking to more well-known pools or pairings.
55:54
[SPEAKER_03]: And you can always do that by like vetting by the size of the liquidity pool or the actual volume that's being done.
56:02
[SPEAKER_03]: So if you just want to look at some of the biggest liquidity polls over here, you'll see that there are some that are a little bit more familiar, some more normalized meme coins.
56:12
[SPEAKER_03]: And then there's also just normal coins where you have like salana to mu, salana to U.S.D.C., salana to fart coin.
56:20
[SPEAKER_03]: We have wif here, U.S.D.C.
56:23
[SPEAKER_03]: Tron, Bitcoin U.S.D.C.
56:25
[SPEAKER_03]: stuff like that.
56:27
[SPEAKER_03]: And so there are some more normalized memes and altquans as well.
56:32
[SPEAKER_03]: But as a general rule of thumb, I think the big question here is like, well, why liquidity pools?
56:38
[SPEAKER_03]: And as you can see, you know, if we're doing this with just a normal pool on Solana, for example, where we could be earning around
56:44
[SPEAKER_03]: Or again, give or take, it's going to fluctuate, you know, maybe fifty percent APR or a hundred percent APR.
56:51
[SPEAKER_03]: The reason why people would want to do this is because that's much better than staking, right?
56:56
[SPEAKER_03]: With staking, you might get several percent APR.
56:59
[SPEAKER_03]: It's going to be very hands-off.
57:02
[SPEAKER_03]: This is going to be a little bit different, where no matter what the market conditions are, this is really, really useful in choppy markets.
57:09
[SPEAKER_03]: Because if prices are going up and down and fluctuating and going sideways or even just trending in a direction, we'll be able to pocket money as people are trading these things.
57:21
[SPEAKER_03]: So I'll say the only situation where liquidity pools are not ideal.
57:28
[SPEAKER_03]: And is the one where there is one sided like asymmetric volatility.
57:33
[SPEAKER_03]: So say that you were to get in at two hundred bucks and over the next month it just goes either asymmetrically one way or the other up or down.
57:42
[SPEAKER_03]: That's the only time where liquidity pools really aren't great because you incur something called in permanent loss.
57:49
[SPEAKER_03]: And that's when it really doesn't work well.
57:51
[SPEAKER_03]: Again, as if it just goes absolutely parabolic in either the upper, the down direction, that's when they don't tend to work the best.
57:59
[SPEAKER_03]: And any other market condition with things are not just moving in a single shot direction.
58:06
[SPEAKER_03]: They work really well, especially during choppy periods, or any kind of semi-consistent periods, any trends.
58:13
[SPEAKER_03]: Look, people like to use liquidity pools because they can just constantly be earning fees and earning more and more of the tokens that they already want to be a part of.
58:22
[SPEAKER_03]: Now, the final thing I'll say here, Tivo, is that I use this word called in permanent loss and a lot of people aren't familiar with what that is.
58:30
[SPEAKER_03]: Well, when we come into a liquidity pool, typically the way that it works is that people contribute an even amount of liquidity.
58:39
[SPEAKER_03]: They're going to come in and say, I want to come in with a thousand dollars of Solana and a thousand dollars worth of USDC.
58:46
[SPEAKER_03]: So we call that a fifty-fifty pairing because you have an equal amount of Solana in USDC.
58:50
[SPEAKER_03]: Well, what happens when the price of Solana moves?
58:53
[SPEAKER_03]: Well,
58:54
[SPEAKER_03]: USDC isn't going to move because it's a stablecoin.
58:57
[SPEAKER_03]: Solana is a different story.
58:58
[SPEAKER_03]: It's not a stablecoin.
58:59
[SPEAKER_03]: Solana will fluctuate in value.
59:01
[SPEAKER_03]: So if the price of Solana goes up, it's going to try to keep you at a semi-even amount in distribution between how much you have in the liquidity pool and how much it's all worth.
59:14
[SPEAKER_03]: So if Solana's becoming more expensive, it's going to be subtracting Solana away
59:20
[SPEAKER_03]: and giving you and rebalancing you into more U.S.D.C.
59:24
[SPEAKER_03]: So if the price of Solana doubles in this theoretical scenario, then you'd be getting more U.S.D.C.
59:31
[SPEAKER_03]: and less Solana, right?
59:33
[SPEAKER_03]: Because Solana's going up in value.
59:35
[SPEAKER_03]: And so the poll is trying to re-distribute your tokens and say, well,
59:41
[SPEAKER_03]: We need to keep this somewhat balanced and because salon is appreciating, you need to have more USDC and less salonah to have this balanced liquidity pool position.
59:53
[SPEAKER_03]: And so that's what impermanent law says.
59:55
[SPEAKER_03]: Is it saying as things move away from where you started your liquidity pool position, it's going to be rebalancing you and there can be a little bit in there called impermanent law.
1:00:07
[SPEAKER_03]: which is like a slight loss that you can incur based off of that rebalancing in that movement.
1:00:12
[SPEAKER_03]: Now unless it's usually something really, really extreme, it's not something that is that bad.
1:00:18
[SPEAKER_03]: And the only people who get really hurt by impermanent loss are the people who either go in and they set up a liquidity pool range or like super, super tight where it's plus or minus like a couple percent.
1:00:30
[SPEAKER_03]: And they do this because if we go and we were to type this in over here,
1:00:33
[SPEAKER_03]: All of a sudden, my APR goes up to eight hundred and twenty six percent.
1:00:37
[SPEAKER_03]: People are going to say, oh my goodness, if I make it a plus or minus one or two percent range, then all of a sudden, I can make nine hundred percent.
1:00:47
[SPEAKER_03]: And they get really greedy with that.
1:00:49
[SPEAKER_03]: And then they zoom out and they say, well, what if it's plus or minus, you know, you know, eighteen percent or twenty percent or something like this, which is oops, and I messed it up.
1:00:59
[SPEAKER_03]: You know, you get the picture, you know, what if we change this to being a more broad range within the number goes down?
1:01:04
[SPEAKER_03]: And people don't like that.
1:01:07
[SPEAKER_03]: So sometimes people get greedy and they make their ranges too small or they get in right before there's just like a gigantic move in one direction and that gets people a little bit frustrated.
1:01:18
[SPEAKER_03]: But no, liquidity polls are really cool.
1:01:22
[SPEAKER_02]: Question right and from, yeah, from Mrs. Seely around the ranges, I started to cut you off, but like go back to the ranges there.
1:01:29
[SPEAKER_02]: where you're saying, don't be greedy, don't be greedy and go too small versus going too wide.
1:01:33
[SPEAKER_02]: How often do you update those?
1:01:35
[SPEAKER_02]: Was there a question from Mrs. Celie?
1:01:36
[SPEAKER_02]: How often are you updating those ranges?
1:01:38
[SPEAKER_02]: Is there a time where maybe you go a little smaller or you always keep it super wide?
1:01:42
[SPEAKER_02]: And I guess the second part is like, all right, we understand we don't want to go too risky.
1:01:47
[SPEAKER_02]: We want a nice wide range.
1:01:48
[SPEAKER_02]: Do you set the range and just leave it or is this something kind of like a trade with a stop loss almost that we need to monitor?
1:01:56
[SPEAKER_03]: So the way that I like to do this is I always like to pull up a chart.
1:02:00
[SPEAKER_03]: I think, you know, you don't need some technical analysis expertise to do this stuff.
1:02:06
[SPEAKER_03]: But if I'm going to be doing a liquidity pool and soul USDC, I'll pull up the chart and I'll say, OK, well, like, what has sold been within since the start of this year?
1:02:15
[SPEAKER_03]: So going back to February, you can see that, hey, on the high end, soles been around.
1:02:19
[SPEAKER_03]: Yeah, around two hundredish box, right?
1:02:22
[SPEAKER_03]: Maybe a little bit more.
1:02:23
[SPEAKER_03]: We peaked up a little bit higher here.
1:02:24
[SPEAKER_03]: But for the most parts since the start of this year, we are just above two hundred bucks on the high end.
1:02:29
[SPEAKER_03]: And on the low end, we are for the most part around a hundred and twenty bucks.
1:02:33
[SPEAKER_03]: So there's been a little bit of time periods where we were outside of this range.
1:02:37
[SPEAKER_03]: We can probably look at another chart to make this a little bit more clear.
1:02:40
[SPEAKER_03]: But there's a little bit of time where we were outside of this range right around here.
1:02:45
[SPEAKER_03]: But for the most part, we are trading inside of here.
1:02:47
[SPEAKER_03]: So what I would do is I would look at this and say, OK, well, maybe I'll put my top bracket, you know, a little bit above two hundred bucks.
1:02:55
[SPEAKER_03]: I'll put my bottom bracket around, you know, a hundred and twenty bucks.
1:02:58
[SPEAKER_03]: And that's where price has been.
1:03:00
[SPEAKER_03]: And so the longer that your liquidity pool is running, the better.
1:03:05
[SPEAKER_03]: And that's where I think a lot of people go wrong, is that they try to set these things up and relieve them running for like a couple minutes, a couple hours, maybe a couple days, and the real benefit of them comes when you have them up for weeks or months at a time.
1:03:20
[SPEAKER_03]: Because then you're having what would likely be very minor in permanent loss if you're not having the constantly rebalance and you're just generating fees over an extended period of time with very little downtime.
1:03:32
[SPEAKER_03]: And even if it goes outside of your bracket or outside of your range,
1:03:36
[SPEAKER_03]: It does not automatically force you out.
1:03:39
[SPEAKER_03]: So what I had actually had happened here recently is I had one of mine on like one of these dips where it went below my liquidity pool range position.
1:03:48
[SPEAKER_03]: So what I did was say, I'm not too worried.
1:03:50
[SPEAKER_03]: I'm going to leave my liquidity pools open and guess what?
1:03:53
[SPEAKER_03]: It came back up into my range and I started making money again.
1:03:57
[SPEAKER_03]: I started collecting fees.
1:03:58
[SPEAKER_03]: Now I'm not going to collect fees if it's outside of my range, but I'm not forced to exit the position either.
1:04:04
[SPEAKER_03]: So my liquidity pool came back into my range.
1:04:06
[SPEAKER_03]: It started printing money again and that's the way that it works.
1:04:12
[SPEAKER_03]: And so I think that answered the question, Tavo, of like there is this healthy balance between being too small and too big.
1:04:19
[SPEAKER_03]: And I certainly believe that.
1:04:21
[SPEAKER_03]: And if at any point you don't like your current position and you don't like your sizing or whatever, you withdraw it and you set up a new liquidity pool.
1:04:29
[SPEAKER_03]: And at any point you can come in here and you can go to your positions and, you know, earn your rewards.
1:04:39
[SPEAKER_03]: You can withdraw your rewards and they go right to your wallet.
1:04:42
[SPEAKER_03]: Yeah, it's a pretty cool way, especially when the market's chopping around, you know, this is a strategy for like while the markets are chopping around to earn a decent reward over here.
1:04:52
[SPEAKER_03]: And so my favorite ones to use, and I want to clarify here, some of my favorite liquidity pools to use are the ones that are like pushed by radium.
1:05:03
[SPEAKER_03]: You'll see over here, there's like occasionally like a tag, I think I saw one at the top, where it was not
1:05:10
[SPEAKER_03]: being like fully pushed by radium.
1:05:16
[SPEAKER_03]: And yeah, so here it says for instance that there's weekly rewards in BLB token, which is its own thing.
1:05:22
[SPEAKER_03]: And so it'll tell you like, hey, some of these rewards will be
1:05:27
[SPEAKER_03]: BLB token.
1:05:28
[SPEAKER_03]: So it's something to watch out for.
1:05:31
[SPEAKER_03]: And it's not that big of a deal at the end of the day, but I just want to make sure everyone's aware.
1:05:34
[SPEAKER_03]: So if you go to like this pool, you're going to be getting your weekly rewards in radium token, which I think people would probably prefer.
1:05:40
[SPEAKER_03]: But over here, people would get their weekly rewards in these BLB tokens, which I'm not even fully sure what that is, which is usually a little bit of a red flag.
1:05:50
[SPEAKER_03]: Yeah, I mean, listen, that's a liquidity pulls in a nutshell.
1:05:54
[SPEAKER_03]: is that you can go and you get to become the market maker, you get to earn fees on people trading.
1:06:00
[SPEAKER_03]: And you can do this on just about any decentralized exchange, uni swap, radium, aerodrome, pancake swap, you name it, you can do this.
1:06:11
[SPEAKER_02]: Wow, I mean, just an awesome breakdown of that.
1:06:15
[SPEAKER_02]: Thank you so much.
1:06:16
[SPEAKER_02]: I definitely learned a lot.
1:06:17
[SPEAKER_02]: That was kind of, I know.
1:06:19
[SPEAKER_02]: We've talked about it before and I've been kind of in the conversation around liquidity pools, but never kind of gone the walkthrough with you.
1:06:25
[SPEAKER_02]: So, I mean, that was fantastic.
1:06:27
[SPEAKER_02]: Literally, we still have our concurrent viewers up high around, you know, hundred people.
1:06:31
[SPEAKER_02]: So, a hundred, definitely, crimnation fans, plus the replay is gonna, you know, definitely get to see that and appreciate it.
1:06:39
[SPEAKER_02]: So, if you're interested in liquidity polls, guys, Brendan just gave you a great intro to it.
1:06:44
[SPEAKER_02]: Again, I put a link down below.
1:06:45
[SPEAKER_02]: So, if you go down to the description, click see more.
1:06:48
[SPEAKER_02]: The first link is Brendan's income strategy.
1:06:51
[SPEAKER_02]: for liquidity pools and, you know, he gave you a little tidbit there, something to get you started to keep learning.
1:06:57
[SPEAKER_02]: And again, it's not personal financial advice, but it's we're here to educate.
1:07:00
[SPEAKER_02]: And so if liquidity pools and kind of figuring out that that strategy to get some income for your crypto, go down, hit the description that first link, Brennan's income strategy, click the link to learn more.
1:07:11
[SPEAKER_02]: He's got a whole deep dive course that will, you know, give you that times, you know, basically a hundred of the information that you need to get started.
1:07:19
[SPEAKER_02]: So just one final time down there, check the link.
1:07:23
[SPEAKER_02]: And if you're interested, you can learn more.
1:07:24
[SPEAKER_02]: We'll wrap it up with some questions.
1:07:26
[SPEAKER_02]: If, thank you, Kevin, amazing information.
1:07:29
[SPEAKER_02]: Why don't we ask the chat?
1:07:30
[SPEAKER_02]: You guys have any questions?
1:07:31
[SPEAKER_02]: This has been an awesome attendance, an awesome chat, an awesome rundown.
1:07:35
[SPEAKER_02]: We got, of course, fits you're welcome for the info.
1:07:37
[SPEAKER_02]: We got like two minutes here, two minutes for some questions.
1:07:42
[SPEAKER_02]: Overall, I think Brendan crushed that presentation.
1:07:44
[SPEAKER_02]: Again, it's all about
1:07:46
[SPEAKER_02]: I think the most thing I took away was, again, figuring out and choppy markets where you can make your money, right?
1:07:51
[SPEAKER_02]: You're thinking an asymmetrical trades.
1:07:52
[SPEAKER_02]: The upside, the downside, whether you're buying protection, or going long, it sounds like an interesting time to kind of check out liquidity pools.
1:08:00
[SPEAKER_02]: If you think that the markets might be a little choppy, but the chat is not super active.
1:08:05
[SPEAKER_02]: No super questions.
1:08:06
[SPEAKER_02]: Here we go.
1:08:07
[SPEAKER_02]: What can we possibly, what can we do passively to earn?
1:08:11
[SPEAKER_02]: Well, Mrs. Lee, we just already went over that.
1:08:13
[SPEAKER_02]: The liquidity pools is the answer.
1:08:16
[SPEAKER_03]: Well, yeah, I'll say, you know, there's a couple different ways to earn passive income in crypto, you have staking, you have lending and you have liquidity pools.
1:08:24
[SPEAKER_03]: And I think those are the three big sources with lending.
1:08:29
[SPEAKER_03]: Listen, you can go and you can earn, you know, several percent, same thing with staking.
1:08:33
[SPEAKER_03]: You can go and you can earn several percent.
1:08:36
[SPEAKER_03]: The difference is that with liquidity pools, you're not looking at earning, you know, listen, five percent a year, ten percent a year, you know, you're going and trying to earn five percent a month, right?
1:08:49
[SPEAKER_03]: And so the goal is that, you know, you're going to be, you're going to have the potential to earn like ten times as much as you would.
1:08:57
[SPEAKER_03]: doing like a staking or a lending contract.
1:09:01
[SPEAKER_03]: And so that's like the big thing.
1:09:02
[SPEAKER_03]: So, you know, I think the original question was like, what can we do to passively earn?
1:09:07
[SPEAKER_03]: You have staking, you have lending, and you have liquidity pools.
1:09:11
[SPEAKER_03]: liquidity pools are going to be the most active of the three because, you know, who knows?
1:09:15
[SPEAKER_03]: For me, it's like someone also asked like, how often do I redo these ranges?
1:09:19
[SPEAKER_03]: For me, it's every couple months, right?
1:09:21
[SPEAKER_03]: I want to have my pools running for at least several months, you know, at least several weeks, typically several months at a time is ideal.
1:09:28
[SPEAKER_03]: And if they go longer than that, great.
1:09:31
[SPEAKER_02]: But I'd say a theory of violence and take there, a theory of liquidity pools of our salon.
1:09:39
[SPEAKER_03]: So this is something we talk about like really deep in the liquidity pool program, is that different blockchains and different exchanges are better for different people.
1:09:51
[SPEAKER_03]: We'll give a spoiler alert, just because you all are tuning in live and spoiler alert here is something that we definitely talk about inside of it.
1:09:57
[SPEAKER_03]: But if you want to learn more, go down to the link and click on it.
1:10:02
[SPEAKER_03]: But Ethereum is typically better for liquidity pools, contribution if you're a whale.
1:10:08
[SPEAKER_03]: If you have lots of money, and we break this down like what the exact numbers are, but if you have a lot of money, tens or hundreds of thousands,
1:10:17
[SPEAKER_03]: I like the low end of that.
1:10:19
[SPEAKER_03]: So anywhere from probably mid to high, ten thousands up to hundreds or millions or hundreds of thousands or millions of dollars, Ethereum's the better place for liquidity provision.
1:10:31
[SPEAKER_03]: They have bigger pools, bigger sizing, and it makes a little bit more sense.
1:10:36
[SPEAKER_03]: For anyone that's outside of that, you know, maybe you want to come into liquidity pool contribution with hundreds of dollars, thousands of dollars, tens of thousands of dollars,
1:10:45
[SPEAKER_03]: Then you can have all these other decentralized exchanges, which are probably going to be the better choice because you're going to be able to earn more on a lot of these other ones.
1:10:56
[SPEAKER_03]: So if you're using Radium, if you're using PancakeSwap, if you're using AeroGrem, if you're using all these different ones, you're typically going to be getting a higher reward.
1:11:05
[SPEAKER_03]: However, you're not going to be able to go in there as well and come in with like a million bucks on one of these things.
1:11:10
[SPEAKER_03]: So there is a little bit of nuance that you need to know if like this is the place based off of whatever your criteria is.
1:11:19
[SPEAKER_02]: food awesome stuff awesome information you have carried the show for the last twenty five plus minutes so let me in the show let me take that off your back guys we appreciate you watching what an episode an hour ten minutes please my last call to action please subscribe give the video a like if you enjoyed it helps us keep growing the channel the subscribe buttons either on the bottom or the bottom right the screen
1:11:40
[SPEAKER_02]: And then underneath the subscribe button, if you're watching, there's the description.
1:11:44
[SPEAKER_02]: Click the description.
1:11:46
[SPEAKER_02]: We got some links for there.
1:11:46
[SPEAKER_02]: Liquidity pulls.
1:11:47
[SPEAKER_02]: You just learned about them.
1:11:48
[SPEAKER_02]: If you're interested in Brendan's course, check out the liquidity pulls link.
1:11:51
[SPEAKER_02]: We do the trading all the time on here with TA.
1:11:53
[SPEAKER_02]: We got the link to his trading course if you're interested in that.
1:11:56
[SPEAKER_02]: If that's not what you're interested in, we got a free book for you.
1:11:59
[SPEAKER_02]: If you haven't read our book, it's completely free.
1:12:01
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1:12:03
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1:12:09
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1:12:10
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1:12:11
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1:12:13
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1:12:15
[SPEAKER_02]: We'll be back next week.
1:12:16
[SPEAKER_02]: We're going to recap the price action.
1:12:19
[SPEAKER_02]: We're going to recap Chair Powell from Jackson Hole and we're just going to keep chugging along here as the crypto markets continue to move basically higher from what we've seen recently and it's been fun to be with you.
1:12:31
[SPEAKER_02]: So thank you guys so much for tuning in and we're going to see you guys at the same place same time next week.
1:12:36
[SPEAKER_02]: Bye everybody.