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Crypto Rundown: The Bear Market is OVER?! · CRYPTO 101

0:07
[SPEAKER_00]: All right, everybody.
0:08
[SPEAKER_00]: Welcome back to the crypto rundown.
0:10
[SPEAKER_00]: Happy Friday.
0:11
[SPEAKER_00]: The bear market's over.
0:12
[SPEAKER_00]: It's done.
0:13
[SPEAKER_00]: It's gonna put and the bulls are on parade.
0:16
[SPEAKER_00]: Is this true?
0:17
[SPEAKER_00]: Is the crypto bear market over?
0:18
[SPEAKER_00]: Is the crypto bull market in full effect?
0:20
[SPEAKER_00]: Well, we've gathered the data.
0:22
[SPEAKER_00]: We've been talking about it now for a couple weeks.
0:24
[SPEAKER_00]: The price action isn't lying, but we're getting the underlying data that might be showcasing that and more people than not are now coming out and saying, hey,
0:32
[SPEAKER_00]: the bull markets here the bear markets over and here are the reasons why we covered this for months of you stayed with us all summer you know we were checking the boxes of seeing what might what might bring a bottom like all the different things we are covering with the check boxes of like hey this is a good sign of trying to form a bottom trying to form a bottom so let me bring up to start the show vanic talking about that there are 12 quantitative signals
1:02
[SPEAKER_00]: We're going to go right into it, but we're having some technical issues as we always do in live shows.
1:07
[SPEAKER_00]: Let's welcome and Brian.
1:08
[SPEAKER_00]: Brian, welcome to the show.
1:09
[SPEAKER_00]: Happy Friday.
1:11
[SPEAKER_00]: Is the is the is the bull market here?
1:12
[SPEAKER_00]: Is the bear market over?
1:13
[SPEAKER_00]: That's the theme of the day.
1:15
[SPEAKER_03]: you know what man hey happy Friday day everyone by the way thanks for joining us it's always uh we're we're here bare bull market all days every day whatever is happening outside we're absolutely weathering the storm and I mean again credit us love to give a little credit to the boys in the show it does feel like just give or take a couple weeks here Tvo we've been kind of preaching this you know um
1:39
[SPEAKER_03]: We have that chop zone through the summer and then when we're getting close and closer to the fall that we were going to start to grind out of this and grind Pretty slowly, which I think this is this is kind of where I thought it was going to be Personally, I'm in the camp that things are looking pretty good.
1:55
[SPEAKER_03]: I'm not ready to declare victory off I just won big week or two, but things are absolutely looking pretty positive and I do think once we get into the fall
2:04
[SPEAKER_03]: uh... i think that bull market's gonna kick off because we're seeing it in the trenches right now that you know people are out there people are talking more and more about crypto more and more about blockchain uh... people are deploying capital to risk assets exactly what we want to see and i i think it's i think it's going to be kind of a nutty fall
2:24
[SPEAKER_00]: I think so I think there's going to be volatility because if you stand at the end of the show we're going to talk a lot of bullish sentiment but there was a little little hawkish from the the fed that we're going to cover here out of Jackson hole at the end of the show but let's start with this we got the video uploaded shout out to the chat cool people in the chat so far let us know where you're watching from today live and we'll get back to the chat in a second but let's go to this the vanic 12 quantitative signals that show the bear the Bitcoin bear mark mic for strategy
2:51
[SPEAKER_02]: Sailor finally, you know, selling Bitcoin at what looks like the bottom looks like in, you know, to be a great kind of newspaper headline bottom, which goes along with our 12 out of 12 quantitative signals.
3:05
[SPEAKER_02]: You know, news flash, a lot of the leverage in the system has been brought onto regulated rails.
3:12
[SPEAKER_02]: So, you know, whether it's microstrategy or CME futures, you know, most of
3:19
[SPEAKER_02]: visible.
3:20
[SPEAKER_02]: And in the last cycle, when FTX and Celsius and three arrows, they all went bankrupt, that leverage was not visible.
3:29
[SPEAKER_02]: So, you know, I think it's a lot better right now.
3:33
[SPEAKER_00]: Great insight on the leverage being visible.
3:36
[SPEAKER_00]: And I think you say in that sailor checks, they're 12 bucks, the signals that they were looking for.
3:42
[SPEAKER_00]: And that's something that we talked about as like, hey, you got to do your own research, get everyone plans.
3:46
[SPEAKER_00]: But you know, you want to build this checklist.
3:48
[SPEAKER_00]: And we've certainly seen a lot of those this year, specifically this summer, they came pretty rapidly fast.
3:55
[SPEAKER_00]: I would throw the Clarity Act like being dead as one of those check boxes as well.
4:00
[SPEAKER_00]: That can just, you know,
4:01
[SPEAKER_00]: Finally flush out the last of the sellers, and I think the narratives are changing so if we go back and I'm gonna hand this off to you to Explain because you brought it to us, but the narrative on the way down was was the software apocalypse if those were call the IGV Had all the software companies and it was oh AI is coming AI can make any software You want like that with a prompt and you know sales force is useless crowd strike is useless anything that software at the OB is useless these stocks
4:30
[SPEAKER_00]: uh... went down like they were they were mean coins that that rug that rug the people uh... you know they're down twenty thirty forty fifty sixty i think he vince sales force may be on sixty seventy percent in months and then sure enough if you pull up the i g v which we can do uh... in a second
4:46
[SPEAKER_00]: I'll just pull that up right now.
4:47
[SPEAKER_00]: Let's see, the IGV stock, it's coming back.
4:51
[SPEAKER_00]: If I share this tab, let's see, the one month up 18.
4:55
[SPEAKER_00]: And this is an ETF.
4:57
[SPEAKER_00]: So this is to be up in a 17, 20% in a month, it is huge.
5:02
[SPEAKER_00]: And then six months, 32% year to date, six% but this was the depths of this, just a nice little double bottom there, obviously not too technical.
5:11
[SPEAKER_00]: And then if you zoom out, you can see what happened here over the last year.
5:14
[SPEAKER_00]: Just absolutely trashed.
5:16
[SPEAKER_00]: and bitcoin we kind of talked about this on the show in my opinion the bitcoin kind of got wrapped up in this software AI apocalypse because it was oh bitcoin and quantum quantum is going to break bitcoin it's going to be the end of bitcoin because of quantum and AI and now all of a sudden the narratives are starting to change quantum safe bitcoin transactions are happening on the main net so Brian what are you seeing here
5:37
[SPEAKER_03]: Yeah, this is a really interesting, really interesting Bitcoin specific story because one of the long-term pieces of fud, you know, fear uncertainty and doubt for everyone around Bitcoin has always been quantum computing.
5:50
[SPEAKER_03]: And so, start where just successfully mind what they're calling the first quantum safe Bitcoin transaction directly on Maynet.
5:58
[SPEAKER_03]: And they did it without changing Bitcoin's consensus rule.
6:02
[SPEAKER_03]: So there's been some
6:05
[SPEAKER_03]: Bitcoin devs and Bitcoin Maxis, and yet to kind of change the consensus rules.
6:09
[SPEAKER_03]: So they do it without changing the consensus rules.
6:12
[SPEAKER_03]: So now this doesn't mean Bitcoin suddenly becomes quantum proof overnight.
6:17
[SPEAKER_03]: I want that to be clear, but this is still experimental.
6:21
[SPEAKER_03]: It's not practical for these everyday transactions yet, and it only protects coins specifically moved into the setup.
6:28
[SPEAKER_03]: But what this really proves is that there's potential workable paths forward before quantum computing, even
6:35
[SPEAKER_03]: becomes a legitimate threat.
6:36
[SPEAKER_03]: We love this spread that quantum computing is going to be this threat like it's going to happen tomorrow.
6:42
[SPEAKER_03]: That's not the case.
6:44
[SPEAKER_03]: You're seeing a lot of people, what was like Coinbase and strategy, all these Gemini, they're all kind of teaming up, trying to figure out solutions for quantum computing before we actually need to worry about it.
6:55
[SPEAKER_03]: So I just thought this was great news.
6:56
[SPEAKER_03]: I mean that we saw Starquare, they're being proactive,
7:01
[SPEAKER_03]: They have one of the longest pieces of food and basically have a solution for it.
7:05
[SPEAKER_03]: Now it needs to get a little bit more sophisticated, needs to develop a little bit more.
7:09
[SPEAKER_03]: But great news to hear, and I just wanted to point it out because it's whenever we're in a bear market, everyone loves to point to quantum computing.
7:17
[SPEAKER_03]: So it's just a great path out of that flood my opinion.
7:23
[SPEAKER_00]: It's a great point again, it's all, it's all, I think the market, there's so many things and that's why our team is so great is we have, you know, you and Joe in the trenches, we have Hunter and Brendan, our technical analysis specialist, we've got Bryce, who's got his hands and expertise in everything across the, you know, the space of crypto and finance.
7:44
[SPEAKER_00]: and working and has those connections with the funds and the space of why the podcast is so big we got Rohit doing the research making the newsletter.
7:52
[SPEAKER_00]: That's what makes our team so special because the markets are so driven on many things.
7:56
[SPEAKER_00]: There's technicals, there's narratives, there's fundamentals and it all comes into play and that's why it was so unique.
8:03
[SPEAKER_00]: I think this summer and credits us for just grinding through and trying to find the positive
8:13
[SPEAKER_00]: but but it didn't it wasn't at the time it was like man this is is getting hard to but keep believing in the fundamentals uh... in front of the show tomley was right there with us and michael sailor now you know were starting to see that and it's happening at a face ripping pace and so that's why you want to come here uh... we appreciate everybody in the chat
8:31
[SPEAKER_00]: We appreciate everybody in the community, so again, if you want to get more involved in the community and you're looking for some of that insider research information that our team does check the link below.
8:40
[SPEAKER_00]: We're doing the Friday special, the number one coin to own.
8:43
[SPEAKER_00]: So if you want the research of Brian Bryce and the rest of the team on what we think is the number one coin right now in this hot market.
8:50
[SPEAKER_00]: Scroll down, check the link.
8:52
[SPEAKER_00]: We also got a bunch of other links there to get more involved and get into the community so you get access to us every single day.
8:58
[SPEAKER_00]: Now's the time, markets getting hot.
9:00
[SPEAKER_00]: We're going to be at pivotal points.
9:01
[SPEAKER_00]: There's going to be a lot of volatility, just like we talked about as I bring up coin market cap.
9:05
[SPEAKER_00]: You guys are greedy, greedy, little piggy's now.
9:09
[SPEAKER_00]: Agreed.
9:10
[SPEAKER_00]: We're extreme greed yesterday.
9:13
[SPEAKER_00]: 3D little piggies it changes so fast Brian everybody was scared to death and now we're rolling around in the pig pen with the greedy little piggies.
9:21
[SPEAKER_00]: I think it's cool because we hit the seven day here and we're past that week of extreme volatility to the upside for the you know we'll call it the 20 so only 1.6% for the 20 bitcoins been in a 1% range this week Ethereum a 2% range but we have some winners coming out this week salana what a week for salana
9:43
[SPEAKER_00]: the soul boys are happy yeah you want to go back to the YouTube video yesterday I know Brendan covered that and if you're in the communities he's he was iron-ups a lot on some technicals and then Z-Cash making a move to 20% on the week for Z-Cash that's a nice looking charred huh?
10:02
[SPEAKER_03]: I think it was on this show, if I remember correctly, when Z-Cash was like 385 and I was like, if that iron would upgrade, actually goes through, it's going to be a huge win and not financial advice for anybody, but I will talk about myself here a little bit, as I did push a pretty sizable bag into Z-Cash in like 450 range, when iron would start at the show strength.
10:25
[SPEAKER_03]: You start to see a lot of their movement from the
10:31
[SPEAKER_03]: We know people in the crypto space have short memories.
10:34
[SPEAKER_03]: We'll go fish memories and they fix the biggest exploit And that wasn't going anywhere, so it's absolutely rocketed up.
10:40
[SPEAKER_03]: It's actually one of my favorite all coins Without whole privacy narrative and now that they have this fully-ordered account I shouldn't say audited contract the poll is fixed I could see some big things for Z-cash in a in a bull market.
10:53
[SPEAKER_03]: So it's certainly interesting, but showing strength.
10:56
[SPEAKER_03]: So it's easy to say
10:58
[SPEAKER_00]: Yeah, it was it was great quality those levels and you know, if you were in the community and even just listen to the podcast it was something that you got so all the more reason to give this video like bottom right if you're new here subscribe turn on the bell for notifications so you can join us live as we do this every week if you want to catch us live and get active in the chat I see we got Las Vegas here we've got holy whales in there.
11:22
[SPEAKER_00]: jeans in there, dillins in there, uh, jean them in, what legend legends in the chat today.
11:28
[SPEAKER_00]: Let us know we were watching in from, uh, and anybody that's new.
11:31
[SPEAKER_00]: Let us know as well.
11:33
[SPEAKER_00]: Uh, we had the biggest move.
11:34
[SPEAKER_00]: Uh, I thought this was a cool fun stat.
11:36
[SPEAKER_00]: The single largest weekly game by dollar amount in Bitcoin history last week says Galaxy Research.
11:42
[SPEAKER_00]: That's a fun one.
11:43
[SPEAKER_00]: So the game was 14,775.
11:44
[SPEAKER_00]: And that's number one by a $3,000 mark.
11:45
[SPEAKER_00]: Obviously as the,
11:49
[SPEAKER_00]: You know, the price goes up.
11:51
[SPEAKER_00]: The percentage needed to move brings a bigger number as the law, you know, the basically the law of large numbers, but it still is a fun stat to track again the narratives are changing.
12:01
[SPEAKER_00]: And the price targets are going up.
12:03
[SPEAKER_00]: People know this firm Bernstein.
12:06
[SPEAKER_00]: and we've all heard of the burnstein bears the childhood book while we're gonna have to write another one called the burnstein bulls my goodness upgrading their price target here base case one twenty five by the end of twenty twenty six three hundred is a cycle peak by twenty nine and then here they come
12:22
[SPEAKER_00]: Can you hear it?
12:22
[SPEAKER_00]: Can you hear the foot steps, the batter?
12:25
[SPEAKER_00]: The $1 million bit coin price targets are back.
12:28
[SPEAKER_00]: The burn steam bulls come out of the way.
12:30
[SPEAKER_00]: Come in and have some porridge.
12:31
[SPEAKER_00]: Was the burn steam bears?
12:33
[SPEAKER_00]: I don't know what the burn steam bulls are serving up, but it's some high numbers here, Brian.
12:38
[SPEAKER_03]: Yeah.
12:38
[SPEAKER_03]: I mean, this is exactly what happens when the market turns six weeks ago.
12:42
[SPEAKER_03]: Everybody's lowering targets because that was the thing to do.
12:45
[SPEAKER_03]: Now, Wall Street's starting to raise them again.
12:47
[SPEAKER_03]: Bernstein, you know, 150,000 Bitcoin as a base case and their bouquet starts into what the 200,000 plus range.
12:55
[SPEAKER_03]: I kind of, I'm getting booed up.
12:57
[SPEAKER_03]: I'm starting to have my own theories where we could go in this next bull run, but it certainly seems like Wall Street's starting to raise the targets in
13:06
[SPEAKER_03]: That's never a bad thing because it's a trickle over to retail and I'm going to start to detect more and more text from the friends and family.
13:12
[SPEAKER_03]: That hasn't hit yet, so I don't think we're in a full bull run yet.
13:17
[SPEAKER_03]: Haven't gotten those texts yet, but I have gotten a couple people inquiring about crypto, but nothing like it could be.
13:24
[SPEAKER_00]: Yeah, I just, I actually just sent a text as we start the show because I was, you know, I gave some, some alts that were doing well as he cash was going up on them.
13:32
[SPEAKER_00]: Maybe he sent the text.
13:33
[SPEAKER_00]: And I was just like, man, my group chat absolutely murders me when, when Bitcoin goes down 50% and then everybody always asks, you know, what are what are you doing?
13:41
[SPEAKER_00]: What are you like?
13:42
[SPEAKER_00]: And I give it out.
13:42
[SPEAKER_00]: And then when it goes up, nobody, nobody can congratulate you.
13:45
[SPEAKER_00]: They only, they only get you on the way down.
13:46
[SPEAKER_00]: But the, uh,
13:47
[SPEAKER_00]: Yeah, I think I think we're due for some some flowers over hopefully the rest of the year and if you're following the burn steam bowls getting back over that 100k I think that's that's gonna be the shockers like everybody, you know, the panic buying happens in the mid 90s and then I could see one 25 It's been there before right I remember sitting in in my recliner.
14:08
[SPEAKER_00]: It was just one night.
14:09
[SPEAKER_00]: It was like the first time we broke a hundred and there was like 101
14:12
[SPEAKER_00]: 102, 103, 102.
14:14
[SPEAKER_00]: I was like, 107 in the blink of an eye.
14:17
[SPEAKER_00]: Oh, man, that was intense.
14:20
[SPEAKER_00]: You know, I think that happens again when we get back there.
14:22
[SPEAKER_00]: So exciting times again, just the stats are showing it.
14:25
[SPEAKER_00]: The price targets are going up.
14:28
[SPEAKER_00]: Wall Street is reacting ETFs have brought in 1.1 for billion and inflows this week.
14:34
[SPEAKER_00]: That's over 3 billion in the last nine days.
14:36
[SPEAKER_00]: We covered those flows with
14:42
[SPEAKER_00]: Charles Swab will all street again bulls on parade Charles Swab to add Salana avax chain link in trading to Swab crypto accounts this is what happened when price action goes the price targets go up everybody's stumbling to offer more offer more it's where the money's going
15:00
[SPEAKER_00]: something that we covered to go back again and hammer home the point around narratives was listen AI was the bell of the ball we've said that all summer long and just crypto wasn't hot and that's where the money went the flows go there's no there's people that base
15:16
[SPEAKER_00]: You know, there's funds that are purely moments of driven funds.
15:19
[SPEAKER_00]: They don't even matter what the company is.
15:21
[SPEAKER_00]: Like, game stop, you know, people would start investing in game stop and momentum funds because just it's just the rules required it to a point.
15:30
[SPEAKER_00]: So again, when the momentum comes back, there's certain flows and certain money that will chase it.
15:34
[SPEAKER_00]: And so you're seeing the price targets, you're seeing the flows, and you're going to see more of this of Charles Schwab, you trade, all these, you know, kind of legacy firms that have dipped their toes in are going to just
15:44
[SPEAKER_00]: go more and more and more until it feels like everybody's going to be in the pool.
15:49
[SPEAKER_00]: And any final thoughts on that, just the, you know, from a bird's eye view of Wall Street seems to be tripping over themselves to get back into the crypto narrative.
15:59
[SPEAKER_03]: Yeah, I mean, here's a clear line.
16:01
[SPEAKER_03]: Crypto distribution is quietly becoming normal now.
16:04
[SPEAKER_03]: You know, it's just becoming completely normal.
16:06
[SPEAKER_03]: We're talking about one of the biggest brokerage platforms in America, and they're not, they've already done the Bitcoin Ethereum side, but they're putting all coins directly in front of 10 to millions of traditional investors.
16:18
[SPEAKER_03]: And it's getting pressed, but it feels normal now.
16:22
[SPEAKER_03]: It's like, oh, okay, now they're offering, you know, soul and link.
16:26
[SPEAKER_03]: It just feels normal, and that's when you know,
16:30
[SPEAKER_03]: things are changing man.
16:32
[SPEAKER_03]: It's definitely a different vibe out there and I love to see it.
16:36
[SPEAKER_00]: Yeah, the vibes are high.
16:38
[SPEAKER_00]: Especially on a Friday the vibes are high.
16:40
[SPEAKER_00]: I don't even know how to see this one up.
16:45
[SPEAKER_00]: I think I'm just going to play it.
16:46
[SPEAKER_00]: It's hard.
16:47
[SPEAKER_00]: It's hard.
16:48
[SPEAKER_00]: It's hard to really get to it up.
16:58
[SPEAKER_01]: Bitcoin is the best asset.
17:01
[SPEAKER_01]: There is no, there is no second best asset.
17:09
[SPEAKER_00]: Bitcoin is the is what's going on on Twitter right now.
17:13
[SPEAKER_00]: Again, this is just for those listing on the pod.
17:16
[SPEAKER_00]: It's Michael Sailer.
17:17
[SPEAKER_00]: It's an AI video clearly.
17:19
[SPEAKER_00]: Michael Sailer walking down time square,
17:24
[SPEAKER_00]: bunch of the face like a like a marvel movie and flies out of the scene.
17:29
[SPEAKER_00]: Um, and this is all fun and game.
17:31
[SPEAKER_00]: So so I think somebody had had had had Tom somebody made Tom Lee beaten up sailor then sailor posted this this morning.
17:38
[SPEAKER_00]: They're both sharing it and laughing going back and forth.
17:40
[SPEAKER_00]: There's no bad blood.
17:42
[SPEAKER_00]: But this is what's going on on the timeline and this is this is what happens on the timeline when price action goes fun The memes are back.
17:50
[SPEAKER_00]: I've seen it on our own account.
17:51
[SPEAKER_00]: Maybe we'll we'll show some towards the end of the show But um, that's a salt brother.
17:55
[SPEAKER_00]: What do you think about these two?
17:58
[SPEAKER_00]: Meaming it up against each other
18:01
[SPEAKER_03]: yeah you you you love to see it it's always entertaining you've basically got too completely different treasury playbooks being tested in real time we got sale or sitting on a giant pile of cash now a war chest and waiting for opportunities and Tom Lee's still stepping up and stepping on the gas man Tom Lee's a max eatable when you love to see it buying beef he's staking beef Bitcoin versus the theory and but
18:25
[SPEAKER_03]: It's a passive reserve asset versus, you know, a productive yield-bearing treasury asset.
18:30
[SPEAKER_03]: I guess the question is going to be five years from now, which treasury model is going to look smarter.
18:36
[SPEAKER_03]: I bet probably both of them are going to probably do pretty good, but it will be certainly an interesting case to follow.
18:43
[SPEAKER_00]: Yeah, and I don't think he saw it, but this was the thumbnail I made for today, just Oh, amazing.
18:48
[SPEAKER_03]: There, I, I, I, I'm not, I watched the video before we got on here.
18:52
[SPEAKER_03]: And I wasn't getting duped to like the uncle I am on like, hey, when did this happen?
18:57
[SPEAKER_03]: I remember the video a few rundowns ago, you're like, dude, that's AI and I'm like, oh,
19:02
[SPEAKER_03]: Which was that I don't remember what was it was like the sailor call the sailor conference call with them all dancing in him And I was like what is going on and you got real serious like I Bride like this is a eye and I was like oh
19:21
[SPEAKER_00]: I didn't know that I did, you, you uh, took a look for me.
19:24
[SPEAKER_00]: I've always said as your friend, like I was, you know, you look amazing for your age, like you look 10, 15 years younger.
19:30
[SPEAKER_00]: You showed your age there a little bit on that one.
19:32
[SPEAKER_03]: Yeah, it was embarrassing, you know?
19:34
[SPEAKER_03]: I chop it around the boys and the trenches.
19:36
[SPEAKER_03]: I got some great friends and a little younger than me.
19:39
[SPEAKER_03]: I can put it on, but you know, we're all not batting a thousand.
19:43
[SPEAKER_03]: I got tricked by the AI bought their live on there, but made for a great segment.
19:48
[SPEAKER_00]: Yeah, for sure.
19:49
[SPEAKER_00]: And then I think one of the cool things or one of the cool things is as we do the show continuously is we got to be honest with the with the audience.
19:57
[SPEAKER_00]: We were covering it when stretch was down and under Paul.
20:02
[SPEAKER_00]: I don't think it's exactly about par yet, but we're allowed.
20:05
[SPEAKER_03]: Let's see.
20:05
[SPEAKER_03]: I can't seem to
20:06
[SPEAKER_03]: I was hammering them to, I mean, I was, but the amazing thing is a sailor just for selling Michael Shadji to get cash and he needed to do it, but the stock just kept staying flat and going up, which was amazing.
20:22
[SPEAKER_00]: We were covered in it here.
20:23
[SPEAKER_00]: It was a huge talking point at 74, you know, down 25% and there were a lot of people that stepped in and bought it credit to them.
20:29
[SPEAKER_00]: Even even there was a ton of people on the timeline I saw That had documentation of it of the dates in late June of of doing a stretch trade.
20:38
[SPEAKER_00]: I think some guy said There was somebody who got trashed.
20:42
[SPEAKER_00]: I couldn't find it, but he sold.
20:44
[SPEAKER_00]: He ran like a family office.
20:45
[SPEAKER_00]: He's like, hey, I'm selling a portion of my micron, which is crazy.
20:49
[SPEAKER_00]: uh... and moved it into stretch uh... as a trade and so he captured you know that twenty percent plus the two month dividend and it's a solid trade and then you know whether you keep it are traded out you know that that's uh... either here nor there for us to decide but uh... you know back at ninety it was at ninety eight yesterday i think so
21:08
[SPEAKER_00]: Yeah, it was back in 98 and it's close enough to par that I'd say that the stretch is back for now, especially with the price action.
21:16
[SPEAKER_00]: And so that's some good news for sailors, so all the more reason to be joking around online and then just some more.
21:22
[SPEAKER_00]: Here in the news, Tom Lee just keeps buying, they keep doing their basically weekly buys for millions, tens of millions of dollars.
21:29
[SPEAKER_00]: and then eethonic changes is hitting a fresh low.
21:32
[SPEAKER_00]: It hasn't been this low since 2016.
21:34
[SPEAKER_00]: It's some of the data that we're seeing coming out.
21:37
[SPEAKER_00]: So more people buying and this kind of makes sense in a way right after a huge shake out like this.
21:43
[SPEAKER_00]: There's plenty of people who sold.
21:45
[SPEAKER_00]: There's plenty of people that had its stake that on the stake to sell it and just say, hey, I'm done and that's what happens at the bottom, right?
21:50
[SPEAKER_00]: There's no more sellers left.
21:52
[SPEAKER_00]: So if you're buying eeth, you know,
21:54
[SPEAKER_00]: four weeks ago plus it's like hey if you're buying even staking you you don't really have any plans to sell right now and then again with the momentum maybe you get more inflows that's more of a momentum trades those people are looking to sell in the way up but uh... looks like a pretty solid runway for for bit coin in in ether any any final thoughts on that before we want to maybe pump the brakes a little bit for the viewers and give them a macro view of what else is going on
22:22
[SPEAKER_03]: Yeah, you know, this was a great call.
22:24
[SPEAKER_03]: You put it on the sheet and I didn't realize that that's how much eth we've seen on those exchanges.
22:29
[SPEAKER_03]: That's always a really good indicator because people are staking it.
22:33
[SPEAKER_03]: They are moving into custody.
22:34
[SPEAKER_03]: They're utilizing good and defy our now.
22:37
[SPEAKER_03]: So as ETF demand continues rising while this immediate syllable deeath keeps falling, you get in the ingredients for like a legitimate
22:48
[SPEAKER_03]: Supply squeeze.
22:49
[SPEAKER_03]: So you love to see it great stuff.
22:51
[SPEAKER_03]: I didn't realize that was the case until we started doing the show today So again something that everyone should be pretty excited about for for Eve
22:59
[SPEAKER_00]: Yeah.
23:00
[SPEAKER_00]: Again, the fundamentals for crypto are here.
23:03
[SPEAKER_00]: I really love the narrative that crypto is downstream from AI once all these basically legacy banks and all these exchanges and all the stuff are basically turning into software companies is what it looks like over the next 10 years or they need a new software component.
23:22
[SPEAKER_00]: to work with the AI both on applications for use security.
23:27
[SPEAKER_00]: So once everything's AI turns the banking sector into a true new and improved financial software sector, crypto is basically a shoe in for that.
23:37
[SPEAKER_00]: So, crypto is downstream from AI.
23:39
[SPEAKER_00]: I like that narrative.
23:42
[SPEAKER_00]: And so it feels like there's a lot of runway here, but that doesn't mean that there's not going to be volatility.
23:47
[SPEAKER_00]: It's not all the way up from here.
23:49
[SPEAKER_00]: Actually, just got alert.
23:50
[SPEAKER_00]: That's some $200 million in long seem to have been possibly liquidated.
23:56
[SPEAKER_00]: Let's see at the 24 hour.
23:58
[SPEAKER_00]: So you can see here, since we started the show, you know, a little red candle there.
24:03
[SPEAKER_01]: Nothing.
24:04
[SPEAKER_00]: to worry about too much there.
24:06
[SPEAKER_00]: But again, it's not a straight line up is what I'm trying to say.
24:10
[SPEAKER_00]: And I think there's something that happened this morning to keep an eye on here.
24:15
[SPEAKER_00]: So Jackson Hole is a very famous kind of economic summit that looks like the Federal Reserve Bank of Kansas City is hosting at the economic supportium.
24:27
[SPEAKER_00]: Kansas City Federal Reserve hosting a summit in Wyoming.
24:31
[SPEAKER_00]: So there's a little bit a little bit of fun fun there for you, but I turned it on.
24:36
[SPEAKER_00]: I was having my coffee and Mr. Worsh here, our new fetcher came up and the summer is on the right there, but I'll tell you why I knew where it was going.
24:45
[SPEAKER_00]: He he hopped on Brian and his
24:47
[SPEAKER_03]: first thing.
24:48
[SPEAKER_00]: He started talking about what a wonderful conference it is.
24:51
[SPEAKER_00]: Thanks for hosting.
24:52
[SPEAKER_00]: You know, I've been out here many times and I've had a lot of great hikes with many people out here and I'm like, I'm thinking my coffee.
24:59
[SPEAKER_00]: I'm like, hikes.
25:01
[SPEAKER_00]: What that's, he's like, yeah, just remember a very great hike.
25:05
[SPEAKER_00]: We talked about a lot, and I'm like, dude, why are you using the word hike so much?
25:09
[SPEAKER_00]: Like, what are you trying to do here to the market?
25:13
[SPEAKER_00]: He was trying to be like, slai, obviously, is like kind of leaning into signaling that inflation was too high.
25:21
[SPEAKER_00]: So here's the here's the cliff notes version of what was said today.
25:24
[SPEAKER_00]: Inflation remains too high, and the Fed's prominence focus should be on prices.
25:29
[SPEAKER_00]: The 2% target.
25:30
[SPEAKER_00]: is firm.
25:31
[SPEAKER_00]: So that means everybody's always wondered, like, well, it's 2% mean 2% because that's not where we've been recently.
25:37
[SPEAKER_00]: Clearly, it's a summer inflation date improved, but underlying trends have not meaningfully changed.
25:42
[SPEAKER_00]: The fed still has work to do, unless inflation returns to its target.
25:46
[SPEAKER_00]: Remember, the 2% target is firm and fixed.
25:49
[SPEAKER_00]: and it's not returning clearly at a sufficient speed.
25:52
[SPEAKER_00]: The labor market remains stable, consistent with full employment, broad financial conditions are not restrictive, a good majority favoring waiting before changing interest rates in July.
26:03
[SPEAKER_00]: So I think the summary here in the Polymarkat odds 15050 on this was,
26:08
[SPEAKER_00]: You know, what's the Fed's next move going to be clearly with jargon like this and talking about hikes that he enjoyed while being out in Wyoming?
26:17
[SPEAKER_00]: He's not looking to cut with this data here, so unless you see some crazy new data, the cuts are off the table.
26:24
[SPEAKER_00]: And I guess he's signaling to the market here that he's considering
26:28
[SPEAKER_00]: possibly hiking into the end of the year here, which is catching a lot of people off guard, especially being a Trump appointee and the administration not wanting that, which is good in a way, I guess, because the Fed is supposed to be, you know, it's not supposed to be partisan, non-biased, they're their own things, so even though he seemed buddy buddy with Trump going
26:53
[SPEAKER_00]: at least here signaling you know independent thought and that's that's what the feds supposed to be so i think that's fine um you know the the market likes to crawl walls of worry here but this is something to follow because a lot of people have one rule that they follow on top of all and it's don't fight the fed so something to watch here Brian as you're digesting this news what are you thinking?
27:15
[SPEAKER_03]: Yeah, I mean, if you're going to, if you're going to hike it, just do it already so we can get on with our lives in the market and digest it, but the interesting part is Bitcoin is still holding around that like upper 70s range.
27:28
[SPEAKER_03]: We didn't see this major flush out with this news.
27:31
[SPEAKER_03]: If crypto can absorb, but you know, I guess a hawkish fed and keep the ETF inflows.
27:37
[SPEAKER_03]: That tells you something that the strength of really the underlying bid.
27:41
[SPEAKER_03]: So kind of my opinion is, if that's what we need to do, then that's what we need to do, make it happen, and then I think it's, we're going to be off to the races.
27:50
[SPEAKER_03]: That's my personal opinion.
27:53
[SPEAKER_00]: Yeah, I couldn't agree more again.
27:54
[SPEAKER_00]: It's just that that's what this is at the end of the day.
27:57
[SPEAKER_00]: You can call it what it is trading and investing.
28:00
[SPEAKER_00]: There is a gamification to it and this is all part of the game and data gathering.
28:06
[SPEAKER_00]: So something that will monitor here.
28:08
[SPEAKER_00]: We have awesome Friday rundown per usual, but an international one.
28:12
[SPEAKER_00]: We've got Canada.
28:14
[SPEAKER_00]: We've got Liverpool.
28:15
[SPEAKER_00]: We've got Spokane, Washington.
28:16
[SPEAKER_00]: We've got Florida.
28:18
[SPEAKER_00]: We've got all the corners of not only the country, but the world out here with us today.
28:22
[SPEAKER_00]: I love seeing that from everybody.
28:24
[SPEAKER_00]: I guess we got to ask Brian, how are you celebrating your crypto gains that you had over the last week?
28:32
[SPEAKER_00]: Anything you're doing this week and anything fun, I think for me I'm going to go have a couple of beers.
28:39
[SPEAKER_03]: Oh man, what a good commercial or, you know, breakdown.
28:43
[SPEAKER_03]: This was, this was the best.
28:46
[SPEAKER_03]: No celebration of my end.
28:47
[SPEAKER_03]: I got a whole bunch of kids sports to, to make happen, but I love good old chain in this, when I saw this, this gave me some sincere laugh out loud, laugh out loud, wild vibes.
29:01
[SPEAKER_00]: Yeah, call to the crypto one on X we're back.
29:03
[SPEAKER_00]: We're sharing.
29:04
[SPEAKER_00]: We got the mean going again.
29:06
[SPEAKER_00]: The Korean one so good.
29:08
[SPEAKER_00]: Getting some numbies, too.
29:10
[SPEAKER_00]: I mean, I got 4,000 there, 14,000 there, six.
29:16
[SPEAKER_00]: Tom Lee coming out of the casket.
29:18
[SPEAKER_00]: This one crushed Margaret Bell, that one crushed.
29:22
[SPEAKER_00]: So come and come have some fun with us on X if you haven't yet.
29:25
[SPEAKER_00]: And then we'll wrap up the show.
29:27
[SPEAKER_00]: You know, you always see Brian and I, virtually, in different locations, but we had an awesome opportunity last week.
29:33
[SPEAKER_00]: We got to, to go to Red Rocks and be a part of a super cool concert.
29:39
[SPEAKER_00]: It's Brian and his lovely wife.
29:40
[SPEAKER_00]: We had a great time.
29:43
[SPEAKER_00]: My whole family was there, epic show, super fun time.
29:45
[SPEAKER_00]: So I thought the viewers might enjoy a little in real life, Brian and Tevo.
29:51
[SPEAKER_03]: I was I was hoping you were going to bring it up because I was going to start to bring it up if you weren't I'll tell you what this guy what he does Is one in a million it is absolutely White glove service for me there show me all around red rocks just
30:08
[SPEAKER_03]: Absolutely unbelievable.
30:09
[SPEAKER_03]: I have to thank you on air again because we had we had one of the best times we've had in years Your family is unbelievable a bunch of beauties just absolutely loved it and I mean Teabone real life man signed me up anytime you're around.
30:23
[SPEAKER_03]: I'm coming baby
30:25
[SPEAKER_00]: Yeah, we had a great time some many go off the night before some dinner funds and friends just want the viewers to know that we're all in on crypto all the time We do we do get together in real life and it is super fun.
30:37
[SPEAKER_00]: We had a blast.
30:38
[SPEAKER_00]: So that's gonna be all for today folks the We're gonna wrap it up there a little that we'll back in to YouTube there for everybody
30:47
[SPEAKER_00]: We really appreciate everybody listening.
30:49
[SPEAKER_00]: One last call.
30:50
[SPEAKER_00]: Check out the links below if you want to get more involved.
30:52
[SPEAKER_00]: It's the Friday rundown.
30:53
[SPEAKER_00]: So we need to like for you.
30:54
[SPEAKER_00]: And if you're new bottom right subscribe.
30:56
[SPEAKER_00]: That's all for today.
30:58
[SPEAKER_00]: We're going to see you all next week with some more awesome content.
31:01
[SPEAKER_00]: That's all for now.
31:02
[SPEAKER_00]: Bye everybody.