Latest / CRYPTO 101 / Crypto Rundown: Technical Analysis Special and Crypto Backed Mortgages are Here!

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Crypto Rundown: Technical Analysis Special and Crypto Backed Mortgages are Here! · CRYPTO 101

0:07
[SPEAKER_00]: All right, everybody, welcome back to the crypto rundown and happy Friday to everyone.
0:13
[SPEAKER_00]: We've got an awesome episode for you guys today.
0:16
[SPEAKER_00]: It is bloody in the streets, but that's okay.
0:19
[SPEAKER_00]: Because through all the fog of the markets, we will see clearly.
0:22
[SPEAKER_00]: Brendan is here.
0:23
[SPEAKER_00]: He is opening up the technical analysis.
0:26
[SPEAKER_00]: We are diving in deep with him today.
0:28
[SPEAKER_00]: We are starting with it right at the top of the show, no need to fret.
0:31
[SPEAKER_00]: And we also have, honestly,
0:33
[SPEAKER_00]: The fundamentals, the fundamentals of the crypto market as much as we say it here on this show week in and week out zoom out because there's some big news.
0:41
[SPEAKER_00]: We got Bitcoin back mortgages, big coins looking at quantum upgrades, tether signs with a big for accounting firm.
0:47
[SPEAKER_00]: That is huge news, Brendan's going to break that down with us and we've got a little fun quick hitters at the end of the show as always to leave you off Friday with a good note.
0:55
[SPEAKER_00]: Brendan, it's Friday.
0:57
[SPEAKER_00]: I'm feeling full life.
0:58
[SPEAKER_00]: I got the reconnect with a good friend of mine in old college and high school buddy.
1:03
[SPEAKER_00]: We got breakfast this morning.
1:04
[SPEAKER_00]: He's one of those people that when he gets a finally regained connect with someone you haven't seen in so long, you just get shot and injected full of life.
1:10
[SPEAKER_00]: So I'm feeling great.
1:12
[SPEAKER_00]: I'm super excited about it.
1:13
[SPEAKER_00]: Shout out to friend of the show at Shaz, but my friend, Brendan, it's great to be with you with you here.
1:18
[SPEAKER_00]: How are you doing?
1:19
[SPEAKER_02]: I'm doing good.
1:20
[SPEAKER_02]: TV, you know what?
1:21
[SPEAKER_02]: I'm ready to reconnect with.
1:22
[SPEAKER_02]: It's an old friend called all-time highs.
1:25
[SPEAKER_00]: I think we can all, I think we all want to reconnect with that friend.
1:32
[SPEAKER_02]: No, but all jokes aside here, you know, we got to make a little bit of light of the situation.
1:38
[SPEAKER_02]: We've been through this, we've been through worse, so quick little joke, hope everyone is having a good day, happy freaking Friday, everyone.
1:45
[SPEAKER_02]: And it's good to be here, you know, markets moving down pretty sharply to the downside here.
1:51
[SPEAKER_02]: I know I saw Bitcoin making price is just below 66,000 back into the 65,000 area.
2:00
[SPEAKER_02]: We have Bitcoin down about 4% on the day.
2:02
[SPEAKER_02]: Ethereum down about 3.5% salana down about 4% forish percent.
2:07
[SPEAKER_02]: XRP down about 2.5%.
2:09
[SPEAKER_02]: So a lot of crypto moving forward to the downside and seeing some new lows.
2:14
[SPEAKER_02]: at least local lows while the traditional side is getting hammered as well just so everyone knows you know i mean it's not just crypto that's been a big thing that i said you know silver down over 40% from the highs gold down around 20% from the highs nazz deck here just in the last like two or three days pushing four ish percent to the downside which is a lot for a large industry and now you have a lot of these these big indexes
2:42
[SPEAKER_02]: pushing below their 200-day moving averages.
2:44
[SPEAKER_02]: So there's blood everywhere, right?
2:45
[SPEAKER_02]: We kind of come in on an episode like this.
2:48
[SPEAKER_02]: A question we always get asked is why is crypto down?
2:52
[SPEAKER_02]: And it's really everything here.
2:53
[SPEAKER_02]: Everything's getting a bit of a beating to the downside.
2:56
[SPEAKER_02]: But we're going to break it down.
2:58
[SPEAKER_02]: We're going to talk about everything.
2:59
[SPEAKER_02]: A big point of this show is to talk about the fundamentals, the technicals, the news, the charts, the good, the bad,
3:07
[SPEAKER_02]: and that's what we're going to do here so we're not here to just talk about like the falling prices and we're here to talk about a lot of the stuff that's still happening but also the opportunity that comes that comes out of stuff like this while just being transparent that you know the market is is still falling with it so good to be here to you though excited for today's episode where do we begin my friend yeah you teed it up perfectly it's we you can only talk about the same reason why the macros been down you know day in and
3:33
[SPEAKER_00]: we uh we've covered it in plenty of rundowns before so we don't want to beat you know be dead horse here it's just it there's a fog there's a fog right now in the world there's a fog in the markets um and eventually we'll get through it uh and this is the time I saw somebody in the chat saying there's a lot of coins on sale we got a great chat today so we're not going to we're not going to focus um the show much on the macro we do that from time to time but we all know what's going on
3:56
[SPEAKER_00]: There's just a ton of fog.
3:58
[SPEAKER_00]: Nobody's seeing through it.
3:59
[SPEAKER_00]: But that doesn't mean that we can't stick to the basics.
4:02
[SPEAKER_00]: We can't stick to our education.
4:05
[SPEAKER_00]: We can't stick to our plans.
4:07
[SPEAKER_00]: And we can't stick to our strategies and try and find projects and assets that we think are mispriced.
4:13
[SPEAKER_00]: And that's what we're going to do today.
4:14
[SPEAKER_00]: Shout out to the chat.
4:15
[SPEAKER_00]: It's acting up here.
4:15
[SPEAKER_00]: We've got Michael East Coast, lobsters here.
4:18
[SPEAKER_00]: Beautiful.
4:19
[SPEAKER_00]: The one-armed bandits here.
4:20
[SPEAKER_00]: Michael's here.
4:21
[SPEAKER_00]: CJ E is here.
4:26
[SPEAKER_00]: They're here yet.
4:27
[SPEAKER_00]: Get in the chat.
4:27
[SPEAKER_00]: Let us know where you're watching from.
4:29
[SPEAKER_00]: I'm going to hand it off to Brendan.
4:31
[SPEAKER_00]: He's going to pulp the charts for you guys.
4:33
[SPEAKER_00]: And as we say on the show when he does the charts, if you're interested in getting involved in Brendan's trading group, where you get six weeks with him, you get to trade with him live two times a week plus all the education to tutorials on how to master the charts like him.
4:47
[SPEAKER_00]: It is that time where the charts, I'm sorry, the charts are coming up.
4:51
[SPEAKER_00]: It's that time where the, uh, the cohort is open to be put.
4:55
[SPEAKER_00]: So it comes around every, every couple months.
4:58
[SPEAKER_00]: Um, there's always people asking they want to get involved.
5:00
[SPEAKER_00]: It's like not yet.
5:01
[SPEAKER_00]: Not yet.
5:01
[SPEAKER_00]: It is open.
5:02
[SPEAKER_00]: It is open.
5:03
[SPEAKER_00]: There's in the description on YouTube and the podcast.
5:05
[SPEAKER_00]: If you're interested to get involved, there's a link for you to learn more about that.
5:09
[SPEAKER_00]: If you want more of the charts with Brendan, check it out.
5:13
[SPEAKER_00]: Brendan, let's do it.
5:14
[SPEAKER_02]: Yeah, we start on Monday, man.
5:15
[SPEAKER_02]: Start a new cohort, do back to you to popular demand.
5:18
[SPEAKER_02]: It's, uh, you can say it's the perfect time for it with the way that the market is moving right now.
5:22
[SPEAKER_02]: But.
5:23
[SPEAKER_02]: I mean you're right man, it's a lot going on here and one of the big things that we've been trying to hammer home on is that ever since the all-time high over here, it's been all-time highs right up in here, then move down, bear flag, move down, bear flag, move down, move down, much larger bear flag, move down, large bear flag once again.
5:45
[SPEAKER_02]: And so when we look at this move, right, if you're just looking here, move down, rising channel, move down, rising channel,
5:53
[SPEAKER_02]: This looks awfully similar to what we're seeing here and this is one of the things that we've brought up and not only in the communities, but we've tried to talk it a little bit more as I've been back on the run-downs.
6:03
[SPEAKER_02]: And I think it's important for people to pay attention to this, right?
6:05
[SPEAKER_02]: Because look at how similar are these two patterns.
6:08
[SPEAKER_02]: You know, look, and when you're looking at any kind of bear flag, there's different kinds of bear flags, but the ones that we see here is moved down followed by a rising channel.
6:17
[SPEAKER_02]: This is what we call a continuation pattern, because there's a move down, you get a pattern, and then you have continuation in that same direction.
6:25
[SPEAKER_02]: So my fear here,
6:27
[SPEAKER_02]: you know it's not guaranteed we're very catalyst driven very emotionally driven in the market right now but my fear here is that we can have this move down consolidation bear flag and then a deeper move which is something I think we have to rule as something that's on the table here like this is something that is very much possible and so
6:49
[SPEAKER_02]: I want to be aware of that, you know, I want to be a little bit conservative here with what I'm doing.
6:53
[SPEAKER_02]: I'm not doing anything too, too crazy, but I am looking at buying the dip because I think there's a huge dip buying opportunity that comes out of something like this.
7:00
[SPEAKER_02]: So I'm looking at this and saying, hey, you know, if we don't get any kind of reversal of the catalyst, right?
7:05
[SPEAKER_02]: There's four main catalyst going on right now that are affecting all of the markets, including the crypto market.
7:11
[SPEAKER_02]: The forming catalysts are the geopolitical fears, aka war, right?
7:16
[SPEAKER_02]: The second one is stemming from that, but the energy kind of crisis, rising energy prices, how that's going to affect businesses, how that's going to benefit the economy, and profits, and jobs, and everything else.
7:27
[SPEAKER_02]: Number three is going to be the Federal Reserve.
7:29
[SPEAKER_02]: Are they going to cut rates?
7:31
[SPEAKER_02]: Are they going to push those rate cuts further away?
7:32
[SPEAKER_02]: Which people don't want?
7:33
[SPEAKER_02]: Are they going to hike?
7:35
[SPEAKER_02]: You know, that's coming to the conversation.
7:36
[SPEAKER_02]: This is going to be a new Federal Reserve chairman soon.
7:39
[SPEAKER_02]: There's been beef between the existing chairman and the president.
7:43
[SPEAKER_02]: There's all these things going on within the federal reserve.
7:45
[SPEAKER_02]: Whole bunch of shenanigans.
7:47
[SPEAKER_02]: And so that's number three.
7:48
[SPEAKER_02]: And then number four is the fact that all these other things are happening, which has pushed the Clarity Act away from maybe some of these deadlines where people thought it was going to get approved.
7:57
[SPEAKER_02]: So now the clarity act, you know, that's how it's own drama, but now that's probably not prior already number one or two even our three now it's getting pushed down a little bit because there's just other things that are going on that are arguably more important and so
8:13
[SPEAKER_02]: those are the primary catalysts here.
8:15
[SPEAKER_02]: Until I think you start to see some of those get solved out, it seems like people are trying to sit on the sidelines.
8:20
[SPEAKER_02]: They are a little bit fearful and what that does to risk on assets, like Bitcoin and crypto and everything else is of course that can cause some selling pressure.
8:28
[SPEAKER_02]: So regardless of whether it's Bitcoin or if you look at the traditional side and you look at tech here, you know, this is falling off a cliff,
8:35
[SPEAKER_02]: You look at large caps like that, you look at small caps, it's the same story, you know, really falling here pretty aggressively, and a lot of things are just going beneath those 200 day moving averages again, you see it in the S&P 500 as well.
8:47
[SPEAKER_02]: So that kind of company by a few of those, those, those, those Trad 5 plays.
8:51
[SPEAKER_02]: but everything seeing some decent volatility to the downside.
8:54
[SPEAKER_02]: Now Bitcoin here looks like it's breaking through the bottom of this channel, which is not a great sign.
9:00
[SPEAKER_02]: You had a failed breakout here for Bitcoin, right?
9:03
[SPEAKER_02]: We failed to kind of fill in this gap in the zone.
9:07
[SPEAKER_02]: We barely hit a higher high.
9:08
[SPEAKER_02]: failed break out rejection of the top of the bear flag back through the short term moving averages and now it looks like we're falling through the floor of this bear flag in this falling channel now keep in mind you know this is what it looked like last time once you actually got to follow through it escalated quite quickly so my thoughts here is
9:28
[SPEAKER_02]: You know, we could maybe catch on the low 60,000s if we don't hold there.
9:31
[SPEAKER_02]: Then maybe we likely do go into the 50,000s.
9:35
[SPEAKER_02]: Now, that's as far as I would be looking here.
9:38
[SPEAKER_02]: I've seen people talk much further than that.
9:40
[SPEAKER_02]: I have a hard time believing that one of the common things I say on these calls is that just as when you're in a bull market, everyone always gives the super outlandish Bitcoin upside price predictions.
9:52
[SPEAKER_02]: But it's the same thing when you're in a bear market.
9:54
[SPEAKER_02]: You get these obscene down side price predictions for Bitcoin.
10:00
[SPEAKER_02]: So in a bull market, you're having people saying, oh, we're going to hit $10 million on Bitcoin.
10:03
[SPEAKER_02]: And in a bear market, you're having people say, oh, we're going to hit $10,000 again or something crazy.
10:08
[SPEAKER_02]: And they're almost always wrong in both directions.
10:11
[SPEAKER_02]: And so you have to look at a more conservative upside and downside target for what a lot of people think are going to happen.
10:17
[SPEAKER_02]: And that usually ends up being the reality.
10:20
[SPEAKER_02]: So I would just say, hey, you know, if you're in crypto right here, it is a possibility that we see more downside.
10:26
[SPEAKER_02]: My personal belief is that there's more upside risk as opposed to downside risk.
10:30
[SPEAKER_02]: I think obviously the trend is pointed down right now, but what I mean by that is if you're looking at how far Bitcoin has fallen off the highs, uh, it has fallen about
10:39
[SPEAKER_02]: 48%.
10:40
[SPEAKER_02]: So do I think that we have another 48% to the downside?
10:44
[SPEAKER_02]: I don't.
10:45
[SPEAKER_02]: But I certainly think that we have at least 100% or 48% to the upside, right?
10:51
[SPEAKER_02]: So if I thought which way are we going to see a 40% move first?
10:55
[SPEAKER_02]: Is it going to be upside or downside?
10:57
[SPEAKER_02]: I would lean towards downside.
10:58
[SPEAKER_02]: I think that there's more reward as opposed to risk.
11:01
[SPEAKER_02]: So even if we do go in the new lows, I would be a pretty confident of a buyer.
11:06
[SPEAKER_02]: We've shown charts before showing the statistical, based on historical analysis, the statistical likelihood that Bitcoin will recover off those lows and be profitable a year later.
11:16
[SPEAKER_02]: And the unique numbers here to watch out for is that when Bitcoin's at a 50% drawdown from all-time highs, the odds are that if you're buying at a 50% drawdown or a greater,
11:27
[SPEAKER_02]: You will have roughly a 93% chance of being profitable from that 50% or greater drawdown mode a year later.
11:36
[SPEAKER_02]: If it's at a 60% drawdown, the statistical likelihood that you're profitable a year later is 98% and if it's at greater than 70% the historical data would say a 100% of the time over the last I think like 10 to 12 years of data that you are profitable a year later.
11:52
[SPEAKER_02]: So again,
11:54
[SPEAKER_02]: I would want to be a buyer down here of Bitcoin me personally, even if it goes lower, that's kind of my thought process.
12:00
[SPEAKER_02]: As I'm going to do a little bit of dollar cost averaging, I'm looking really far out.
12:04
[SPEAKER_02]: I'm not saying next tomorrow, next week, next month, I'm saying maybe even, you know, not next year, like maybe even, you know, 2027, 2028, that kind of timeline saying, hey, it least a year, two years plus out.
12:17
[SPEAKER_02]: I think that we're in a significantly better spot than we are down here, and the long-term
12:24
[SPEAKER_02]: Final thoughts here, you know, as I just cycle through some large caps, Tvo.
12:28
[SPEAKER_02]: Everything else is coming down, you know, you have eat coming down a little bit, field push higher, salon a pushing down here, after a field push higher to kind of fill in some of those gaps in the charts as well.
12:40
[SPEAKER_02]: XRP remains as an underperformer here, which is unfortunate, but it's nothing too crazy.
12:46
[SPEAKER_02]: If you look at the history of this chart, this tends to either be 100 or zero.
12:51
[SPEAKER_02]: When it runs, it outperforms, and when it's not running, it's usually underperforming.
12:57
[SPEAKER_02]: So it goes through these cycles where it's parabolic, nothing for a couple of years parabolic.
13:01
[SPEAKER_02]: consolidates for a long time parabolic now it's coming back down off of these so it makes sense that it would be underperforming at a time like this.
13:09
[SPEAKER_02]: It's been in a pretty gnarly falling channel for a long time.
13:13
[SPEAKER_02]: I think eventually XRP is going to have its stay back in the sunlight and it's going to have a really big rally.
13:18
[SPEAKER_02]: But until then it's probably just going to remain an underperforming asset and, uh,
13:23
[SPEAKER_02]: You know, something to keep an eye out on as the market heats up, but until then, you know, paying a little bit less attention to it.
13:31
[SPEAKER_02]: Final ones that we talked about a lot here in recent weeks were hyper-liquid.
13:36
[SPEAKER_02]: We brought this up a lot.
13:37
[SPEAKER_02]: I mean, you know, we'll probably even bring it back up here today.
13:40
[SPEAKER_02]: Hyper-liquid doing pretty well, coming off of, you know, pretty fresh all time, or not all time highs, but recent highs in yearly highs.
13:48
[SPEAKER_02]: Still holding on fairly well, outperforming a lot of the market.
13:51
[SPEAKER_02]: You've seen similar kind of outperformance from Tao, which is coming back in as everything else is falling.
13:59
[SPEAKER_02]: But you see in a handful of these, you know, even TRX, which we don't talk about a ton, pushing back above that 200-day moving average for about a week or two now.
14:07
[SPEAKER_02]: So,
14:08
[SPEAKER_02]: I'm still a lot of cryptos out there that are doing fairly well, you know, you could also look at Sky and Morpho which had been uptrending for a little while here similar story with Morpho which, you know, is coming back down now, but How to pretty nice breakout, but yeah, a lot of cryptos acting up here and overall a lot of activity to you, though.
14:29
[SPEAKER_00]: Yeah, could you do?
14:30
[SPEAKER_00]: I got a question there, uh, teacher.
14:32
[SPEAKER_00]: Could you pull up the VWOP for us on Bitcoin?
14:35
[SPEAKER_00]: I always, that's a, that's a tool that I know, uh, Bryce likes, uh, and I always get excited when you guys talk about it, because I think it's a cool one.
14:41
[SPEAKER_00]: We're in this like, just no man's land.
14:43
[SPEAKER_00]: It's a cool one to bring up.
14:45
[SPEAKER_00]: And again, a VWOP is something you'd learn in the trading course, uh, and kind of get familiar with all the tools and widgets that Brendan uses.
14:51
[SPEAKER_00]: But break down some VWOP for me.
14:54
[SPEAKER_02]: Yeah, you know, it's interesting.
14:56
[SPEAKER_02]: I use VWOP a lot for my, for day trading.
15:01
[SPEAKER_02]: I don't use it, or, and then I'm sorry, I use VWOP a lot for day trading on like short-term time skills.
15:07
[SPEAKER_02]: And then I'll use the anchored VWOP a lot for everything else.
15:11
[SPEAKER_02]: So, I'll tell you what, let's do an anchor view.
15:14
[SPEAKER_02]: Yeah, it gives the anchor to me because I was going to say, I wouldn't really use it for like a deal.
15:18
[SPEAKER_02]: I wouldn't even really use the normal VWAP on a daily chart as much.
15:22
[SPEAKER_02]: But if we do an anchor view up here, that's what this orange line is on my Bitcoin chart.
15:27
[SPEAKER_02]: This is an anchor to the WAP from the all-time highest.
15:31
[SPEAKER_02]: And what it does is it kind of acts as a magnet.
15:33
[SPEAKER_02]: In fact, we can also do one from the prior lows.
15:36
[SPEAKER_02]: And I think that that would be a pretty good,
15:39
[SPEAKER_02]: Add in here.
15:40
[SPEAKER_02]: So it's funny that you ask this because I was just asked about this exact thing This morning or yesterday in one of the Q&A videos for one of the trading cohorts and they were asking like Hey, Brendan, how do you plot and use the anchored VWOP?
15:56
[SPEAKER_02]: Um, in my response was you always want to use it off of significant high and lows.
16:02
[SPEAKER_02]: So whether that's all-time highs, all-time lows, cycle highs, cycle lows, or even like swing highs, or swing lows, you can plot it off of those.
16:10
[SPEAKER_02]: And so if we're plotting it off of the cycle lows back in 2022, we are approaching that level.
16:15
[SPEAKER_02]: We've come close to this a couple of times, but we've always held above it.
16:19
[SPEAKER_02]: And from the all-time high, I think that's where you get a really convincing,
16:23
[SPEAKER_02]: argument of saying, hey, you know, we have touched this anchored VWAP several times and it's always been resistance.
16:31
[SPEAKER_02]: So we've kind of moved down, came into it, rejected it, came up, into it, rejected it, came up, fake out, rejected it, rejected it, rejected it, you know, came back up in here again, rejected it to the downside.
16:44
[SPEAKER_02]: And so this angered view off off the highs has been a huge resistance area moving forward.
16:49
[SPEAKER_02]: It moves a little bit more quickly than the 200-day moving average, typically speaking.
16:54
[SPEAKER_02]: And, uh,
16:55
[SPEAKER_02]: Yeah, it's currently sitting right around 85,000, which would be my upside target.
17:00
[SPEAKER_02]: I think if we're going anywhere, I think that that area makes the most sense around the mid-80s.
17:05
[SPEAKER_02]: And to the downside, you could look at this and it would say, hey, you know, if we're going to go to the Anchored V-Wop off of the cycle lows, that would be a little bit lower here for Bitcoin into the 50s, which I've been a big advocate of and saying, hey, it's not guaranteed, but it's a real
17:23
[SPEAKER_02]: for Bitcoin to get to, should we spell over a little bit more?
17:27
[SPEAKER_02]: So, yeah, I mean, that's my thoughts here.
17:31
[SPEAKER_02]: I do like the anger, the Wops, a lot.
17:33
[SPEAKER_02]: And I like the VWop itself a lot, but I would say I use it more for like day trading stuff.
17:37
[SPEAKER_02]: So if I'm gonna trade like a five-minute chart or a 15-minute chart, you'll see me use it more on there.
17:43
[SPEAKER_00]: No, thanks for bringing it up.
17:44
[SPEAKER_00]: I mean, man, when you put those two together like that, I mean, we are in, quote, right smack dab in the middle of that anchored view of sandwich almost in no man's land, if you will.
17:54
[SPEAKER_00]: So it makes sense again with just the macro man.
17:58
[SPEAKER_00]: It just it makes sense.
18:00
[SPEAKER_00]: All these, you know,
18:03
[SPEAKER_00]: any in any market and another thing this is a macro related but i was looking at like the vix and the vix is kind of in no man's land as well like sometimes for the traditional markets the vix is a measure of volatility right and there's the stats that you just gave i really enjoyed those stats you gave of buying bitcoin at fifty percent drawdown is ninety three percent profitable your later that was a great
18:23
[SPEAKER_00]: little stack but I really enjoyed that and I was I was looking at some stats from the VIX and it was like hey you know when the VIX hits I think the levels it's something in the 30s it's like if it's a 30 let's just call like a 32 or 35 if you buy the VIX and a 35 you know a year later there's a you know the probability of being profitable in those trades is the market's going to be higher is a lot higher and the VIX is just kind of hanging out in no man's land and like the 20s right now.
18:50
[SPEAKER_00]: And so you're not getting that, like if you go back to Liberation Day of last year and you can zoom out, like you're not getting that huge flush of the market where it's peak fear, right?
19:00
[SPEAKER_00]: And it's peak selling.
19:01
[SPEAKER_00]: And then that's the durable bottom for things to go higher.
19:06
[SPEAKER_00]: We're kind of in this, okay, we know the war's going on, everybody's supposed to, but we know it'll end.
19:11
[SPEAKER_00]: It can't go on forever.
19:13
[SPEAKER_00]: The oil can't go higher because everybody knows there's kind of like a Trump put
19:17
[SPEAKER_00]: But that means that nobody's getting into that max fear on the macro level.
19:21
[SPEAKER_00]: I think critters, certain stocks we covered crypto obviously, but like the software, there's so many projects and stocks down, you know, 30, 40, 50% in software and crypto.
19:32
[SPEAKER_00]: So there's certain areas that we've got an absolute nailed, but we just, that zoom out of the vix there kind of shows you just like, okay, maybe we haven't flushed this thing out yet.
19:43
[SPEAKER_00]: Thoughts on that credit and I kind of just was thinking that this morning before we hopped on.
19:48
[SPEAKER_02]: It's a real thought, you know, I was going through the same thing this morning, right?
19:53
[SPEAKER_02]: We're getting a breakdown.
19:54
[SPEAKER_02]: My thought is that usually you get this like big blow off moment.
19:59
[SPEAKER_02]: And we just have not quite gotten that yet.
20:04
[SPEAKER_02]: At least not in the traditionals.
20:07
[SPEAKER_02]: In crypto you can argue hey that move down that we we had in was it the start of February might have been it, but I think it's possible that we see a moment like that you see the vix go to 40 year above that or 50 and maybe then we get close to a bottom.
20:26
[SPEAKER_02]: You know, triathlete I'm not sure I think that it would it seems likely like that we have a little bit more downside.
20:36
[SPEAKER_00]: But your way it's the problem is it's a margin we said the jump of the show we're not going to talk to which macro this is the problem as and it's just frustrating to open up and be completely honest with the listeners it's like it is such a hard market right now because you're one tweet away.
20:51
[SPEAKER_00]: Yeah, really one tweet away.
20:55
[SPEAKER_00]: completely off sides and going back and you have the vix here looking at April and that absolute empire state building candle that was peak fear during the tariff drama and nobody knew what was going on and if you had the guy we covered it very well in the show me and you specifically we had a couple nice leaps I remember we saw through it and we're like this isn't gonna last but we didn't know and then eventually you just got caught on
21:19
[SPEAKER_00]: off sides and it feels I think the stakes are a lot higher here obviously when the fog of war but it's just you you're one tweet away from being completely off sides and whatever market you trade oil stocks crypto anything it doesn't matter you're one tweet away from being off sides and I think that's why that thick is just stuck in that no man's life.
21:41
[SPEAKER_02]: You're right.
21:41
[SPEAKER_02]: I remember that.
21:42
[SPEAKER_02]: I have it up on the chart here was a near 16% move to you though on Mazdaq.
21:47
[SPEAKER_02]: It was a 16% move from bottom to top over 2,600 points.
21:53
[SPEAKER_02]: And that was just like boom, one tweet happened everything reversed.
21:57
[SPEAKER_02]: And that's what I am skeptical of around this zone.
22:02
[SPEAKER_02]: You know, you go back to Bitcoin and anything.
22:04
[SPEAKER_02]: I think we're one post away from just everything reversing away from where it's.
22:10
[SPEAKER_02]: where it's at and breaking down further.
22:12
[SPEAKER_02]: So, you know, it's hard to say.
22:14
[SPEAKER_02]: I would say the technicals and everything are pointing, hey, we need to go lower, but at any moment, that post comes out and we're reversed.
22:22
[SPEAKER_02]: So, the markets are, again, we've said this.
22:23
[SPEAKER_02]: They're emotional, they're catalyst driven at the moment.
22:26
[SPEAKER_02]: So, I want to be a little bit careful because of that, but I'm very much willing to do some dollar cost averaging and buy this dip.
22:33
[SPEAKER_02]: And I think there's a long-term success that comes out of it.
22:36
[SPEAKER_00]: All right, great therapy session.
22:38
[SPEAKER_00]: Let's end on one.
22:40
[SPEAKER_00]: No, one more pull the charge one more.
22:41
[SPEAKER_00]: Watch your friend of the show is in the chat.
22:43
[SPEAKER_00]: He wanted the bandit.
22:44
[SPEAKER_00]: He wants XLM.
22:45
[SPEAKER_00]: So give it a little XLM TA and then we're gonna move on to the rest of the show.
22:49
[SPEAKER_00]: So I got a little bit of a hot take about XLM.
22:52
[SPEAKER_00]: A spicy spicy on a Friday.
22:54
[SPEAKER_02]: It's going to get spicy, you know, I apologize if you're fan of it.
22:58
[SPEAKER_02]: But to me, XRP is a better version of the XLM chart, and XRP is underperforming.
23:05
[SPEAKER_02]: So I just view XLM as even more so, just not something I want to touch at the moment.
23:10
[SPEAKER_02]: It behaves very similarly to XRP.
23:13
[SPEAKER_02]: You look at this thing over the last several years.
23:16
[SPEAKER_02]: The only difference is that XLM has failed to make higher highs and push up to the highs.
23:21
[SPEAKER_02]: You look at it since 2018.
23:23
[SPEAKER_02]: and then it's run in 2021, and then it's run over here in 2024, and it's continually making lower highs after each mega rally.
23:31
[SPEAKER_02]: Now, in between these mega rallies, it goes down, it consolidates after moving downwards a lot for a long period of time.
23:38
[SPEAKER_02]: And again, this is one of those assets that tends to underperform until it has a catalyst to do otherwise.
23:45
[SPEAKER_02]: Then it shifts gears, and it becomes an extreme overperformer.
23:50
[SPEAKER_02]: So that's the way that I look at this is it's it's see they're doing zero or a hundred it's either going parabolic you know here it did 3,000% you know here it did 2,500% here it did another 800% you know even this most little rally it got over here 130%
24:08
[SPEAKER_02]: It goes on these mega rallies, but in between those, it tends to be an underperformer, it tends to not do as well.
24:14
[SPEAKER_02]: And so I think until there is a reason to get in, until I see that catalyst for a reversal, I stay away from it.
24:21
[SPEAKER_02]: And then once it starts, you know, behaving
24:23
[SPEAKER_02]: Towards the upside again, I like to act on these.
24:27
[SPEAKER_02]: So again, me personally, I know XLM and XRP are different, but they just behave similarly.
24:32
[SPEAKER_02]: With XRP you get slightly less upside, but you also typically get less downside.
24:37
[SPEAKER_02]: And so I favor it a little bit more because of that.
24:40
[SPEAKER_00]: There it is.
24:42
[SPEAKER_00]: Love to hear it, um, along with some, uh, some grass clippings out by Brendan.
24:47
[SPEAKER_00]: It's Florida.
24:47
[SPEAKER_00]: It's springtime, baby.
24:48
[SPEAKER_00]: We got to cut the grass.
24:50
[SPEAKER_00]: Um, thank you for that.
24:51
[SPEAKER_00]: Again, if you guys are interested in what that segment was, Brendan's deep dive in the technical analysis.
24:56
[SPEAKER_00]: We have a six week course where he gets to learn, um, just the six weeks of all the process and the tools that he uses for charting, learn the ins and outs of it.
25:05
[SPEAKER_00]: It's the micro bull run course and you get live trading with Brendan twice a week for an
25:11
[SPEAKER_00]: cohort is open.
25:12
[SPEAKER_00]: You hear it all the time.
25:13
[SPEAKER_00]: Hey, it's not open.
25:13
[SPEAKER_00]: It's not open.
25:14
[SPEAKER_00]: It is open.
25:15
[SPEAKER_00]: Today is the day.
25:16
[SPEAKER_00]: Click the link in the podcast.
25:18
[SPEAKER_00]: Click the link in YouTube and check it out.
25:21
[SPEAKER_00]: I know Brendan would love to have you.
25:23
[SPEAKER_00]: Moving on, we got tons of fundamental news.
25:26
[SPEAKER_00]: Let's, uh, we had a nice little therapy session there.
25:29
[SPEAKER_00]: of how markets are acting but again guys just the fundamentals in crypto just keeps building and building and building the big one this week that we're leading off with it's coinbase is working on crypto just in general crypto backed loans crypto back mortgages are here increasing home ownership for millions of americans it's stuff that we've covered on the shy they we've been talking about
25:53
[SPEAKER_00]: different maybe some projects trying to do this and implement it but the the adoption is hard at a larger scale when you don't have the backings of somebody like Coinbase.
26:04
[SPEAKER_00]: So really interesting to see them roll this out by a home without converting your portfolio by using BTC or USDC as collateral for your down payment.
26:15
[SPEAKER_00]: Um, again, this is, uh, this is something that we saw as a headline, um, and again, like I just said we covered it before and you haven't seen too many people implemented.
26:24
[SPEAKER_00]: I know some have.
26:25
[SPEAKER_00]: I think we've even had them on the podcast, but there's such a bigger threshold to be able to do it and you had to have so much more holdings.
26:31
[SPEAKER_00]: I feel like something like this, especially with Coinbase is going to open the door to a lot more people being able to do it.
26:38
[SPEAKER_00]: and so you start doing the math like hey if you're somebody who's stacked sats for years and you're sitting on all the on all these gains and you don't like selling you don't want to sell your Bitcoin and you don't want to cause a taxable event of selling your Bitcoin to buy a property this seems like it's gonna unlock a lot of capital and again coinbase doing it I think rolls it out to the masses so bread and what did you see about this I know you might be dealing with a little lawnmower background noise but let's the best you can what what's your take on this
27:09
[SPEAKER_02]: I think that this matters more than people think, right?
27:11
[SPEAKER_02]: At face value, you might say, I don't know if I would do this, you'd be surprised how often someone wealthy, especially from the crypto side has asked to do this.
27:21
[SPEAKER_02]: I've seen it on YouTube channels, which maybe they're clickbaiting with this kind of stuff, but I've seen people in YouTube channels on different TV shows and different places.
27:31
[SPEAKER_02]: I know real-life experiences of talk to realtors and people have asked this.
27:38
[SPEAKER_02]: a real question, where I think that this gets asked to realtors more often than you might think.
27:45
[SPEAKER_02]: Now, it's obviously not a frequent occurrence, right?
27:47
[SPEAKER_02]: It's not an everyday thing, so I'm not trying to say that every single realtor is asking is being asked if they can pay in crypto every single day.
27:55
[SPEAKER_02]: It's not
27:55
[SPEAKER_02]: quite like that.
27:56
[SPEAKER_02]: But again, it's, I think it's somewhere in between where it's more frequent than the average person would expect, but it's not like every realtor is being asked about this every single day.
28:06
[SPEAKER_02]: It's a little bit of a happy medium there, but you're right, it's good.
28:09
[SPEAKER_02]: And what we see here is we're seeing a bridge
28:12
[SPEAKER_02]: happen between the payment systems and what people can actually spend and use their crypto one.
28:20
[SPEAKER_02]: We talked about it in the past couple of run-downs about MasterCard doing this and other groups doing this and they're saying, hey, you can go to the store where you can buy groceries and pizza and go to the restaurants and you can do all this and you can pay with your native cryptocurrency through these new cards that they're pushing out there.
28:36
[SPEAKER_02]: This is just the next step
28:39
[SPEAKER_02]: If you can go to the store and you can buy all these different things with your wallet via one of these cards, why can't you go and make bigger purchases as well because we obviously have the infrastructure and the tech for that and that's where this brings us.
28:54
[SPEAKER_02]: So I think we're reaching a really cool point where from an adoption standpoint, you can buy both really big and small everyday purchases with cryptocurrency without having to go through the whole process of selling it off and sending it to your bank and everything else like that.
29:10
[SPEAKER_00]: Yeah, again, it's just, it's access, it's opportunity.
29:15
[SPEAKER_00]: And again, I think as these roll out, I think it will be cool once they start getting used and obviously there's people that influence in the space and I wouldn't be shocked if some people start doing it and kind of maybe lifting the veil and showing you how the loan's working and maybe showing you the proper that they bought with it.
29:32
[SPEAKER_00]: That could be like a fun, you know, a fun thing to do.
29:35
[SPEAKER_00]: So we'll try and keep track of that and maybe there will be people
29:39
[SPEAKER_00]: You know, the first adopters, if you will, uh, be interesting to get to talk to them.
29:43
[SPEAKER_02]: Yeah, I was going to say if anyone in the chat knows anyone who's interested or has done this, let us now, would love to like have them on and talk to them about it.
29:51
[SPEAKER_00]: Yeah, 100%.
29:52
[SPEAKER_00]: 100%.
29:53
[SPEAKER_00]: Uh, some more Bitcoin news, Brendan.
29:55
[SPEAKER_00]: Uh, Bitcoin, uh, looks like they're, they're in the quantum news as well.
29:59
[SPEAKER_00]: It looks like the, uh, they launched a test net.
30:01
[SPEAKER_00]: So there's developers.
30:02
[SPEAKER_00]: There's people working on quantum.
30:04
[SPEAKER_00]: We always bring up when Ethereum is working on that stuff and other cryptos in the space because this quantum threat seemed to kind of catch a narrative of a mind of its own.
30:14
[SPEAKER_00]: Does anything stick out to you about this news to me?
30:16
[SPEAKER_00]: It's okay.
30:17
[SPEAKER_00]: It's just another headline in the news that there's developers and people working on it.
30:22
[SPEAKER_00]: Um, obviously, if it ever came to a decision like this, the, the larger meeting of the minds of the Bitcoin community would all have to get together and figure this out, which sounds like crazy task, but I always find it interesting when you get these little news flows that people are working on stuff.
30:38
[SPEAKER_02]: Yeah, this has been a huge ask for, I think people, right?
30:43
[SPEAKER_02]: The closer the quantum gets, the more people want to have something in place, to secure us against it.
30:49
[SPEAKER_02]: So we've seen Coinbase take initiative on this.
30:51
[SPEAKER_02]: We've seen a lot of projects take initiative on this.
30:54
[SPEAKER_02]: Now we're continuing to see this.
30:55
[SPEAKER_02]: And so this has been a real concern for people because
30:58
[SPEAKER_02]: the idea is that AI is going to help accelerate the time line of quantum.
31:02
[SPEAKER_02]: So even if we were, you know, 15, 30 years out before, you'll maybe now we're five to 10 years out or whatever it may be.
31:09
[SPEAKER_02]: You know what I'm trying to say?
31:10
[SPEAKER_02]: So that's the idea.
31:12
[SPEAKER_02]: And the fear is that, hey, if quantum gets here faster,
31:15
[SPEAKER_02]: It's going to be, it's going to take longer for Bitcoin to become more quantum resistance as opposed to companies, because companies have a centralized structure, and they have a CEO who's going to say, hey, we're pouring all of our resources into this because it's important.
31:28
[SPEAKER_02]: Bitcoin, however, has to have agreement and has to vote on this, and it's a little bit more of a drawn-out process, and then the whole process, you know, the whole thing is going to take even longer.
31:37
[SPEAKER_02]: So, I think that's the difference, as people want
31:41
[SPEAKER_02]: crypto and on these crypto projects to be proactive about this approach as opposed to being reactive because if it's reactive there's a chance that it could be too late and something bad could happen and no one wants that.
31:52
[SPEAKER_02]: That'd be a really, really bad scenario.
31:54
[SPEAKER_02]: So I think everyone's realizing the threat that's there.
31:57
[SPEAKER_02]: They're realizing that timelines are moving ahead of schedule.
31:59
[SPEAKER_02]: And they're getting in front of it.
32:02
[SPEAKER_02]: So I think from a fierce standpoint, this is something we saw a lot in the news I'd say over the last six months to a year or so.
32:07
[SPEAKER_02]: And now that it's been circulating around the news enough, there is actual action being taken to make Bitcoin more quantum resistant.
32:16
[SPEAKER_02]: And this is huge.
32:17
[SPEAKER_02]: Again, it gives me more security.
32:19
[SPEAKER_02]: It kind of gets rid of that whole argument.
32:21
[SPEAKER_02]: Anyone, this is a little bit of like one of my pet peeves.
32:25
[SPEAKER_02]: So I'm gonna rant here a little bit.
32:26
[SPEAKER_02]: I gotta have a little bit of copium.
32:28
[SPEAKER_02]: But one of my pet peeves is anytime I meet someone who is not super knowledgeable on crypto and they don't like it their gripe is oh well when quantum computing gets here it's going to Bitcoin's going to be the first thing to go it's going to break and it's going to be useless and it's like
32:46
[SPEAKER_02]: It's like they chat GPTed a line to say to someone that likes crypto.
32:51
[SPEAKER_02]: And then this is their copy-pasted response every time.
32:55
[SPEAKER_02]: So anyway, this will like, there's a million arguments you could be made that could be made as to how that's not necessarily the case.
33:03
[SPEAKER_02]: And how it's an oversimplification.
33:05
[SPEAKER_02]: But this would just be like the nail on the coffin to that being like, well, actually, that's not entirely true.
33:12
[SPEAKER_02]: Anyway, I digress, I think that, you know, regard this crypt is going to succeed.
33:17
[SPEAKER_02]: It's going to be here for a while, and quantum resistant upgrades are not anything new to crypto projects, as they've been working on this for a long time.
33:26
[SPEAKER_00]: Great points.
33:27
[SPEAKER_00]: Great points.
33:28
[SPEAKER_00]: Just to, before we jump to the next segment, backtrack to the mortgages, we had a question from art sink in the chat.
33:34
[SPEAKER_00]: I haven't seen that name in the chat before so welcome art hope you're subscribed But we always like to answer people in the chat that join us on Fridays.
33:42
[SPEAKER_00]: He asked us it just for these Bitcoin back to mortgages crypto back mortgages for the US and Canada Just US I did a quick research on the back end try to get a Google and an AI crossbreed
33:55
[SPEAKER_00]: of an answer so take this with a grain of salt but as of now what I'm seeing is this is just for the US market no official launch for Canada or anywhere else so this is going to be targeting the US market for these crypto back loans at least to start because obviously the regulation for that is going to be different maybe within sometimes each state if not each definitely obviously each country so
34:19
[SPEAKER_00]: just for the U.S. now, but we'll obviously keep tracking it, which is what we do.
34:24
[SPEAKER_00]: Some big news out of tether that I saw you were excited for, I mean, this is, this is big time.
34:30
[SPEAKER_00]: So tether signs up with a big for accounting firm for the first time ever for a full independent audit.
34:39
[SPEAKER_00]: I, so I, tethered people are sometimes always saying there's a lot of chatter where there reserves is it real, um, I know you're excited about this, Brendan, take it away.
34:49
[SPEAKER_00]: What are you looking for here?
34:51
[SPEAKER_02]: This is,
34:52
[SPEAKER_02]: Awesome.
34:53
[SPEAKER_02]: We have, you know, we've spoken to the CEO or not the CEO.
34:57
[SPEAKER_02]: I think it was one of the founders of Tether.
34:58
[SPEAKER_02]: We've talked to them.
34:59
[SPEAKER_02]: And it's everyone's biggest gripe has been, all Tether doesn't have the reserves.
35:06
[SPEAKER_02]: They're fake.
35:06
[SPEAKER_02]: They're fraudulent.
35:07
[SPEAKER_02]: They're sketchy.
35:08
[SPEAKER_02]: It's not really there.
35:09
[SPEAKER_02]: They would never get one of these things done because they're...
35:13
[SPEAKER_02]: faking the numbers in their offshore's.
35:15
[SPEAKER_02]: You name it.
35:15
[SPEAKER_02]: There's been a million things people have said, and they've gotten, you know, small audits, bigger audits, bigger ones, and then people always said, oh, they would never do a big four accounting firm.
35:24
[SPEAKER_02]: They would never do that because they would never pass it.
35:26
[SPEAKER_02]: And so Tather said, hold my beer, I'm going in, and it's doing it.
35:32
[SPEAKER_02]: And I think that this, I hope, I hope, right.
35:35
[SPEAKER_02]: I hope that this finally,
35:38
[SPEAKER_02]: shuts up, you know, to be blunt.
35:40
[SPEAKER_02]: I hope that this finally shuts up a lot of the tether-ified.
35:43
[SPEAKER_02]: Now, granted, I love USDC, too, right?
35:46
[SPEAKER_02]: I really do like USDC full disclosure.
35:48
[SPEAKER_02]: I've got exposure to circle.
35:50
[SPEAKER_02]: It's not like I hate or hate one and love the other.
35:52
[SPEAKER_02]: I like them both.
35:53
[SPEAKER_02]: I think that,
35:54
[SPEAKER_02]: In the past, it was sketchy, some of the things that have happened with Tether, but I think that they've come a long way in proven themselves since then.
36:02
[SPEAKER_02]: So this is huge news to everyone.
36:05
[SPEAKER_02]: It's funny.
36:05
[SPEAKER_02]: Almost anyone I talk to is in real life situations, who are, again, not super-crypto-native, but are someone into the space.
36:14
[SPEAKER_02]: They're always afraid of Tether.
36:16
[SPEAKER_02]: And,
36:18
[SPEAKER_02]: Maybe it's just because I've had, again, getting the talk to the founders in the team, maybe that's why I have more faith in them.
36:26
[SPEAKER_02]: But this is a big deal.
36:29
[SPEAKER_02]: I think that if they go through this and they get this comes out and everything's good,
36:36
[SPEAKER_02]: then this is a huge step for them.
36:38
[SPEAKER_02]: I don't know what kind of holes people can shoot into them anymore.
36:42
[SPEAKER_02]: You can say whatever you want about the past, again, they've had some sketchy moments in the past.
36:46
[SPEAKER_02]: But I think moving forward, if they get a big four accounting firm to go through and do a financial statement audit and they come out of it unscathed.
36:55
[SPEAKER_02]: I'm not sure what else people would want or what kind of excuses would be made.
36:59
[SPEAKER_02]: So this is a huge step for security of the entire industry.
37:02
[SPEAKER_02]: People have always said that Tethers are going to be a company that blows up and it's going to take crypto down with it.
37:08
[SPEAKER_02]: If this passes, it would seem that that whole argument becomes a lot less likely.
37:14
[SPEAKER_00]: Again, just great points, nothing to add other than stable coin usage as a whole is it just keeps like blowing out of the water.
37:22
[SPEAKER_00]: This is some USDC stats we've seen over 359% process, like usage of USDC that where it was a year ago.
37:32
[SPEAKER_00]: So stable coin demand isn't slowing down, we've heard this stable coin market just keeps growing and growing and growing and obviously the banks and the rails and part of the clarity act is what we're trying to figure out here is like hey how are these rewards?
37:48
[SPEAKER_00]: going to get dived out and I don't know what we talked about it me and you will on Tuesday right really oh we see the clarity act the odds are rising but then the tidbits coming out of why it's rising and the agreement does not seem to be going in favor of the people to be able to get their stable coin rewards nothing solid yet but again stable coins just keep growing anything else from the stable coin market catching your eye Brendan.
38:14
[SPEAKER_02]: Um, no.
38:15
[SPEAKER_02]: I would just agree.
38:16
[SPEAKER_02]: You're seeing it grow with teeth.
38:17
[SPEAKER_02]: You're seeing it grow on Salana.
38:19
[SPEAKER_02]: You're seeing stable coins grow everywhere.
38:21
[SPEAKER_02]: Uh, there's a lot of one in need for them.
38:24
[SPEAKER_02]: We're actually going to be talking to Salana's team next week.
38:29
[SPEAKER_02]: So stay tuned.
38:30
[SPEAKER_02]: The podcast will probably take two good ones next week.
38:32
[SPEAKER_02]: Two good ones.
38:33
[SPEAKER_02]: Coinbase, I mean, is this a spoiler alert?
38:35
[SPEAKER_02]: Tiva, don't get me in trouble for this.
38:37
[SPEAKER_00]: Well, they're not going to air next week.
38:38
[SPEAKER_00]: We're recording them.
38:39
[SPEAKER_00]: We'll air like the week after.
38:40
[SPEAKER_00]: But yeah, give the people a little sample.
38:42
[SPEAKER_02]: Yeah, so we got Coinbase and Salana next week.
38:47
[SPEAKER_02]: Two big names from both of those companies.
38:50
[SPEAKER_02]: And so we're stoked.
38:51
[SPEAKER_02]: We'll talk about stablecoins.
38:52
[SPEAKER_02]: And in fact, that was one of the requested topics for these podcasts where like guys, can we talk about stablecoins?
38:58
[SPEAKER_02]: I saw it in the PR notes.
39:00
[SPEAKER_02]: So we're going to talk about them a whole lot more stay tuned for those.
39:04
[SPEAKER_02]: And yeah, a little bit of a sneak peek.
39:06
[SPEAKER_00]: Yeah, back to the stablecoins.
39:08
[SPEAKER_00]: We got a stablecoin infrastructure, financial institutions, partnering.
39:13
[SPEAKER_00]: We got Visa and Canton.
39:15
[SPEAKER_00]: Visa and Canton seem to be partnering here as a super validator aiming to bring privacy, preserving blockchain payments and stablecoin infrastructure.
39:23
[SPEAKER_00]: So again, just it's just part of this news flow guys.
39:27
[SPEAKER_00]: These projects that
39:28
[SPEAKER_00]: We've now been talking and doing interviews, right?
39:31
[SPEAKER_00]: We interviewed Canton, we've talked about hyperliquid, we've talked about Tao, like it's there's a lot of just great fundamental news and some price action has followed through.
39:43
[SPEAKER_00]: Obviously, we've covered with hyperliquid and Tao recently.
39:46
[SPEAKER_00]: But that's why we this is what we do for you guys when we love it.
39:50
[SPEAKER_00]: We're in the reads research and trying to find bullish news One that hit the Bloomberg wire that we saw Franklin Temples and partnering with Ando to have all their ETS tokenized so people on Shane can enjoy the cheap beta tokenization is in a threat to ETFs.
40:07
[SPEAKER_00]: It's distribution
40:10
[SPEAKER_00]: So is the tokenization of everything really just a liquidity unlock, right?
40:15
[SPEAKER_00]: Getting more people involved.
40:17
[SPEAKER_00]: I think that's the highlight, that's the quick hitter.
40:20
[SPEAKER_00]: But then what does that look like?
40:22
[SPEAKER_00]: Like if you're tokenizing anything, everything and bringing liquidity, how does it actually tie into the actual asset that you're tokenizing?
40:30
[SPEAKER_00]: For like a mark from like a market cap perspective, I think that's,
40:35
[SPEAKER_00]: the most interesting thing of like, how is everything going to trade 24, 7, 365?
40:39
[SPEAKER_00]: How does it correlate?
40:41
[SPEAKER_02]: Yeah.
40:42
[SPEAKER_02]: It's a good question.
40:43
[SPEAKER_02]: And, you know, there's a couple different ways that they can go about this.
40:47
[SPEAKER_02]: It'll be interesting to see which one succeeds, which one becomes the go-to way.
40:55
[SPEAKER_02]: I think just giving people 24, 7 access is what a lot of people want, right?
41:00
[SPEAKER_02]: hyperliquid just partnered with the S&P to make 24 or 7 access to the S&P 500.
41:05
[SPEAKER_02]: That's a big deal.
41:07
[SPEAKER_02]: We're seeing this happen in other ways for other products now, kind of like what we're reporting on right now.
41:13
[SPEAKER_02]: I don't want to think we have all the answers to this, right?
41:16
[SPEAKER_02]: I wish we did and I wish we could come in and say, oh, you know, here's the answers and here's how this is going to play out and here's how it solves the liquidity stuff.
41:23
[SPEAKER_02]: Again, there's a couple different ways that this can go.
41:26
[SPEAKER_02]: And so we'll be bringing this back up and we'll be talking about it in the future.
41:30
[SPEAKER_02]: But I'm curious as well, Teevel.
41:33
[SPEAKER_02]: Nonetheless, it's a big deal.
41:35
[SPEAKER_02]: We're moving in the right direction.
41:37
[SPEAKER_02]: And I think that as we progress, we'll get more of those answers.
41:42
[SPEAKER_00]: was forward to keep getting answers.
41:43
[SPEAKER_00]: If there's speaking of answers, if you guys have any questions, we got two quick hitters and then we can do some questions.
41:48
[SPEAKER_00]: Let's see one that came in.
41:50
[SPEAKER_00]: So we'll do questions at the end throw them in the chat.
41:52
[SPEAKER_00]: That's how we'll wrap up on Friday.
41:54
[SPEAKER_00]: A couple fun ones to end with.
41:57
[SPEAKER_00]: Brenna, have you ever heard of the movie, Dune?
41:59
[SPEAKER_00]: Yes.
42:00
[SPEAKER_00]: So a fun little tweet I saw here was when Dune 1 and Dune 2, when the trailers were released, it marked a bottom of the bear market.
42:11
[SPEAKER_00]: If you pull up this tweet from Crypto Delayo here.
42:14
[SPEAKER_00]: So Dune, Dune part 1 was the bear market there and then Dune, Dune 2, the trailer released, got a nice little bottom there and now we just hit Dune 3, has been released.
42:25
[SPEAKER_00]: So maybe maybe some some hope you're in there if you want to add the Dune Trailers to your your charts your chart indicators we talked about the McRib now we're talking Dune Trailers a lot of grasping for hope you're here maybe this is a bottom well the real bottom doesn't happen to you though until we get another crypto bagel.
42:47
[SPEAKER_02]: So.
42:49
[SPEAKER_02]: I mean, you're in charge of that.
42:51
[SPEAKER_02]: That's something that you're in control of.
42:52
[SPEAKER_02]: When are we getting the next crypto?
42:54
[SPEAKER_00]: I don't know.
42:55
[SPEAKER_00]: I got to go back to the Northeast.
42:56
[SPEAKER_00]: I mean, that was like that was a summer vacation.
42:59
[SPEAKER_00]: Up north, we got those good bagels brought them to the beach.
43:01
[SPEAKER_00]: So I don't know.
43:02
[SPEAKER_00]: Hopefully, we bounced before then, but if you can eye out, we'll keep an eye out for a good bagel.
43:08
[SPEAKER_00]: I wanted to talk about this with everybody on our team, because I just want to fun take for everybody on it.
43:13
[SPEAKER_00]: You're the first one to talk about this on the pod.
43:15
[SPEAKER_00]: Me and you and I, I'm going to get
43:17
[SPEAKER_00]: definitely need to get Brian and Joe's take as well, but the the polymarket situation room.
43:23
[SPEAKER_00]: It seems as though polymarket is opening up a bar and they're going to call it the situation room.
43:31
[SPEAKER_00]: It's the world's first bar dedicated to monitoring the situation, so it looks like, I mean, this is clearly just a rendering.
43:38
[SPEAKER_00]: But they have the idea of hey, you're going to have all the news in the stock market and the business channels in the world news channels and sports I'm aiming you can tie easily into sports obviously and you're just going to have all the prediction markets You know all over the all over the walls
43:55
[SPEAKER_00]: and I was thinking about this obviously sports sports bar was a no-brainer for like sports and gambling but like think of all the big speeches you could have like it's you could have like a state of the union party and start you know you start placing your uh... your wages of what uh... what words are going to hit or how many times you know that you can have a party uh...
44:14
[SPEAKER_00]: we like to do the lives with the fed meetings when we can and watch the fed meeting live so maybe we could do a live from the situation room and they do that's what it's going to be I'm telling you come this this really ties into my bar stool roots of like part of the whole bar stool thing was that we are always live streaming the the the the sports betting yes that it was you know people would
44:38
[SPEAKER_00]: the bars, oh guys, the watching, yeah.
44:41
[SPEAKER_00]: We're all sweating, sweating your bets.
44:43
[SPEAKER_00]: And so like, there's a whole content on that's gonna grow from this as well for polymer.
44:48
[SPEAKER_00]: I think it's a great idea.
44:49
[SPEAKER_00]: Are you going to the situation room?
44:51
[SPEAKER_02]: Well, here's my, my gripe with it was fantastic idea.
44:55
[SPEAKER_02]: I'm a little bit bummed because we were talking inside of like our analyst groups and our internalist groups, like a couple of weeks before this came out.
45:03
[SPEAKER_02]: And we were saying, hey, you know what would be a really good idea?
45:05
[SPEAKER_02]: to open up a bar for the vetting markets and then they come out and they've done it.
45:11
[SPEAKER_02]: My only gripe is that YDC.
45:16
[SPEAKER_02]: You know how many better cities you could have this in?
45:19
[SPEAKER_02]: My brain immediately went to put this in Miami.
45:22
[SPEAKER_02]: I'm biased.
45:22
[SPEAKER_02]: You know we're both in Florida, but I think we can agree that by a side Miami would be great for this You have all like the finance gurus and grifters down there and like I just feel like you'd fit the the the total DeGenerate crowd down there.
45:36
[SPEAKER_02]: So you have all the Miami guys that would love this I also think obviously put it in New York for all the Wall Street people They would love this kind of thing.
45:44
[SPEAKER_02]: I'd even argue Chicago would be I think I think any three of those buyer
45:50
[SPEAKER_00]: I can't believe it's not New York.
45:53
[SPEAKER_00]: That's my take because I can't believe this is not in New York City.
45:57
[SPEAKER_02]: But love the idea, right?
45:58
[SPEAKER_02]: Love the idea.
45:59
[SPEAKER_02]: I think it's amazing.
46:00
[SPEAKER_02]: It's fire.
46:01
[SPEAKER_02]: It's exciting.
46:02
[SPEAKER_02]: I hope to be able to go to this thing.
46:05
[SPEAKER_02]: I also work with the JEE.
46:08
[SPEAKER_00]: CJEE says he needs one in Orange County.
46:12
[SPEAKER_00]: I don't know about that.
46:13
[SPEAKER_00]: I don't know where the town is going to be around after about the situation.
46:17
[SPEAKER_02]: Yeah, I don't know about Orange County.
46:19
[SPEAKER_02]: Maybe Vegas, Vegas could be a good one, too.
46:21
[SPEAKER_00]: Vegas, Vegas.
46:23
[SPEAKER_02]: I could see that.
46:23
[SPEAKER_02]: Like those, I think would be my top four.
46:26
[SPEAKER_02]: Hopefully they expand.
46:28
[SPEAKER_02]: Dude, we gotta send someone to this because I saw that they had a soft opening or something and that all the power was out.
46:35
[SPEAKER_02]: Did you see that?
46:37
[SPEAKER_00]: The situation room, dude?
46:38
[SPEAKER_02]: Yeah.
46:39
[SPEAKER_00]: No, I did not see that.
46:40
[SPEAKER_02]: Yeah, I saw people going through it and have all the screens are off.
46:44
[SPEAKER_02]: The power is out.
46:45
[SPEAKER_02]: People are just like standing there.
46:46
[SPEAKER_02]: But there's the power market order.
46:48
[SPEAKER_02]: Huh?
46:49
[SPEAKER_02]: It was the polymarket one?
46:50
[SPEAKER_02]: Yes.
46:51
[SPEAKER_02]: It was this exact one.
46:53
[SPEAKER_02]: Try to see if you can find the video.
46:55
[SPEAKER_02]: But there's people walking through it and like all the power is out in bartenders, like handing people drinks.
47:01
[SPEAKER_02]: And no one's really socializing.
47:03
[SPEAKER_00]: Oh, no.
47:04
[UNKNOWN]: Oh, no.
47:05
[SPEAKER_00]: The, oh, no, the viral much anticipated polymarket situation in the room is not going due to power.
47:11
[SPEAKER_00]: She's most of the TV's aren't working.
47:13
[SPEAKER_00]: The globe is though.
47:16
[SPEAKER_02]: Yes, and everything.
47:18
[SPEAKER_00]: No, we're going to have poor lady.
47:19
[SPEAKER_00]: Oh, we got a thread 7 p.m.
47:21
[SPEAKER_00]: Updates tells me the TVs will not be on tonight at all.
47:25
[SPEAKER_02]: Yeah, click on the picture.
47:26
[SPEAKER_00]: Yep, there it is.
47:27
[SPEAKER_00]: Oh, this is not.
47:28
[SPEAKER_00]: Oh, this is not look as fun as this.
47:31
[SPEAKER_00]: Oh, no, I'm saying this is not look like this.
47:34
[SPEAKER_00]: What is going on for all this going on it would never be that way in Miami power.
47:40
[SPEAKER_00]: No, okay, this is I before you brought this up.
47:43
[SPEAKER_00]: I was gonna be like, oh, man.
47:45
[SPEAKER_00]: This is so funny.
47:46
[SPEAKER_00]: My last thought on this was gonna be like the concept is so good.
47:49
[SPEAKER_00]: They better not have acid
47:51
[SPEAKER_00]: ah it was and they did they have to ask it a little bit
47:56
[SPEAKER_00]: 9 p.m. update.
47:57
[SPEAKER_00]: They close the bar, no picture.
48:00
[SPEAKER_00]: They close the bar and live music is ended.
48:03
[SPEAKER_00]: Things are wrapping up.
48:04
[SPEAKER_00]: I'm sorry.
48:05
[SPEAKER_00]: I missed this.
48:05
[SPEAKER_00]: Good catch.
48:06
[SPEAKER_00]: That's that's a great catch by you.
48:08
[SPEAKER_00]: That's pain.
48:09
[SPEAKER_00]: That's pain.
48:10
[SPEAKER_00]: The final report.
48:12
[SPEAKER_00]: What did they do?
48:13
[SPEAKER_01]: I'm going down here.
48:14
[SPEAKER_01]: I'm talking to folks here that are here at this event.
48:17
[SPEAKER_01]: This place is always packed as you can see.
48:19
[SPEAKER_01]: They really follow the two camps.
48:21
[SPEAKER_01]: I want them to be camps.
48:22
[SPEAKER_01]: is 80 TBS here that are not working.
48:25
[SPEAKER_01]: I want all of you around here.
48:27
[SPEAKER_01]: It looks like we too.
48:30
[SPEAKER_00]: The guys headphones and look.
48:32
[SPEAKER_00]: Ah, that's devastating.
48:36
[SPEAKER_00]: What a tweet.
48:36
[SPEAKER_00]: Who could have predicted?
48:39
[SPEAKER_00]: That's a flop, I don't know, that was my final point, was take your time and make this thing the real deal, not like a pop-up.
48:49
[SPEAKER_00]: That looked like a pop-up, that doesn't look like, that's probably what it was, like the odds of them, I thought they were like going for it, like buying a bar, running it, that seems like they partnered and were doing like a pop-up to see if it would work and the TV's didn't work, so that's a, that's a, that's a false, that's a false flag.
49:09
[SPEAKER_02]: Yeah, I mean, I think it's a fantastic idea because well, my thought is that they did the whole pop up grocery store right now they're doing this I think this could be a great business model they should someone should make this a business model.
49:23
[SPEAKER_00]: Anyway, yeah, all right, I'm just I'm kind of taking back this is why I love live shows because like I'm taking back that's like it kind of ruined my day.
49:35
[SPEAKER_00]: I don't ruin my day, because I'm, you know, me, I'm a nightlife guy, I like to go out.
49:38
[SPEAKER_00]: I like to be in the mix, and I have some hospitality experience, and like you said, it's such a great idea that he didn't execute on it.
49:47
[SPEAKER_00]: Hey, crypto 101's here to consult for the grand relaunch, so give us a shout, give us a shout.
49:54
[SPEAKER_00]: Bailor Bear says, is there any hope left for crypto?
49:57
[SPEAKER_00]: Come on, Bailor Bear, you're all the time with us.
50:00
[SPEAKER_00]: We know you listen to most of our episodes.
50:02
[SPEAKER_00]: How can you not have hope with all the fundamental news that we're talking about?
50:06
[SPEAKER_00]: Of course there's hope for crypto.
50:08
[SPEAKER_00]: Come on now.
50:10
[SPEAKER_00]: Question from Michael.
50:12
[SPEAKER_00]: Interesting.
50:13
[SPEAKER_00]: There's a lot of news going around about the Space X IPO.
50:17
[SPEAKER_00]: Who's going to do it?
50:18
[SPEAKER_00]: I think the Goldman Sachs.
50:19
[SPEAKER_00]: I saw was favored on polymarket slash kalshi for who's going to bring that IPO to market.
50:24
[SPEAKER_00]: I saw a cool thing that SpaceX wants to make sure the distribution is a little different, getting making sure retail gets some action to some of the shares pre IPO, which is cool.
50:36
[SPEAKER_00]: But will that correlate with Bitcoin?
50:39
[SPEAKER_00]: I think I have a take of, they're talking about the sport.
50:43
[SPEAKER_00]: It looks like space-excious now moving towards doing it.
50:46
[SPEAKER_00]: And open AI is another one.
50:48
[SPEAKER_00]: And I think that some of these IPOs could be a liquidity suck event.
50:54
[SPEAKER_00]: Just across the major markets as a whole, like not a long term thing, but just when these things go live,
51:01
[SPEAKER_00]: It's going to be crazy.
51:03
[SPEAKER_00]: I feel like, and I don't know which way it's going to go, but it definitely feels like there could be a lot of capital flowing to these huge, huge names.
51:12
[SPEAKER_00]: I don't think we've ever seen companies IPO at the level that these companies are going to go out the gate, right?
51:19
[SPEAKER_00]: Yeah.
51:21
[SPEAKER_02]: I think SpaceX, I could be wrong, but I think it's expected to be the
51:30
[SPEAKER_02]: or one of them, but I just looked at a chart of this.
51:34
[SPEAKER_02]: But yeah, it's expected to be like one of the largest, if not the largest ever.
51:37
[SPEAKER_00]: 1.75 trillion, which would make it the largest public debut ever.
51:43
[SPEAKER_02]: Holy cow.
51:46
[SPEAKER_00]: Yeah, man, it's kind of be crazy looking in this is just a quick search, but unconventional retail friendly IPO to raise 75 billion at a 1.75 trillion valuation filing late March, which there looks like they're working on and a listing is early as June of this year mid June of July of this year interesting.
52:10
[SPEAKER_00]: So that's definitely something we'll be watching.
52:12
[SPEAKER_00]: I mean, it falls into the tech macro space.
52:16
[SPEAKER_00]: It's going to be a cool event.
52:17
[SPEAKER_00]: So something that we will definitely track.
52:18
[SPEAKER_00]: But great question.
52:21
[SPEAKER_00]: Great question.
52:22
[SPEAKER_00]: Any thoughts?
52:24
[SPEAKER_00]: Any final thoughts, Brendan, before we close out?
52:27
[SPEAKER_02]: No, I think that's it for me, just buckle up, right?
52:30
[SPEAKER_02]: The market's pretty volatile.
52:33
[SPEAKER_02]: I would think that the choppyness in the volatility isn't going anywhere until we get that one specific post, but in the meantime, guys, buckle up.
52:42
[SPEAKER_02]: It's volatile out there, stay safe, and we're going to keep reporting on everything.
52:46
[SPEAKER_00]: Yeah, we'll be here through it all with you guys as we always are.
52:50
[SPEAKER_00]: We truly, truly appreciate it.
52:51
[SPEAKER_00]: If you're still in the live, give us a thumbs up if you're new bottom right.
52:54
[SPEAKER_00]: Hit the logo, subscribe.
52:56
[SPEAKER_00]: Final call over the weekend.
52:57
[SPEAKER_00]: It'll be open and then it'll close next week.
52:59
[SPEAKER_00]: The cohort starts on Monday for Brendan's live training course.
53:02
[SPEAKER_00]: So check the link for that.
53:03
[SPEAKER_00]: We always appreciate everybody tuning in with us, especially on a Friday afternoon.
53:07
[SPEAKER_00]: I really hope everybody enjoys their day.
53:09
[SPEAKER_00]: Enjoys their weekend, but that's all for now.
53:11
[SPEAKER_00]: Everybody, we'll talk to you later.
53:12
[SPEAKER_00]: Bye.