Latest / CRYPTO 101 / Crypto Rundown: The White House Crypto Report & JP Morgan Offers Crypto Rewards

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Crypto Rundown: The White House Crypto Report & JP Morgan Offers Crypto Rewards · CRYPTO 101

• 0:10
  [SPEAKER_01]: Alright everyone, welcome back to the crypto rundown where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology.
• 0:19
  [SPEAKER_01]: From the fundamentals and the news to the technicals on the charts, we spend the time doing hours of research so that you all don't have to and we bring it to you completely for free.
• 0:30
  [SPEAKER_01]: Happy freaking Thursday.
• 0:31
  [SPEAKER_01]: It's a big day in the crypto markets.
• 0:33
  [SPEAKER_01]: It's a big week as it normally is over here.
• 0:35
  [SPEAKER_01]: We got a lot of important topics that we wanted to discuss.
• 0:39
  [SPEAKER_01]: And starting right from the top here, I mean, lots of macro economic news.
• 0:43
  [SPEAKER_01]: We had FOMC.
• 0:44
  [SPEAKER_01]: We had big tech earnings.
• 0:46
  [SPEAKER_01]: Yet we still didn't get a right cut.
• 0:48
  [SPEAKER_01]: And the crypto markets responded accordingly.
• 0:51
  [SPEAKER_01]: On top of this, we just got the long-awaited White House crypto report.
• 0:56
  [SPEAKER_01]: We're gonna talk about all the juicy details inside of here.
• 0:59
  [SPEAKER_01]: It's a little bit of an oxymoron there, cause you'll find out as we get into it.
• 1:04
  [SPEAKER_01]: With maybe the lack of juicy details, but we're gonna talk about what was discussed inside of it.
• 1:09
  [SPEAKER_01]: However, there is a lot of other juicy material that we need to talk about, not only with JP Morgan continuing to jump on the crypto train partnering with Coinbase, making some big decisions and stepping in the right direction, but we're also seeing records broken on the Ethereum ETF side.
• 1:26
  [SPEAKER_01]: Michael Sailor coming out and saying that it is going to be a historic earning sessions for strategy and overall crypto adoption is pushing and continuing.
• 1:35
  [SPEAKER_01]: So, Tevo, we got another awesome rundown here at Lats to talk about.
• 1:40
  [SPEAKER_01]: Are you ready to do this thing?
• 1:42
  [SPEAKER_03]: And an exciting day, a cool little macro day to recap, FOMC will do that at the jump.
• 1:47
  [SPEAKER_03]: And then those big tech earnings that came out last night, absolutely crushed and are sending markets higher.
• 1:54
  [SPEAKER_03]: So I think there's a little bit of macro news to take us, take an antidote with, and even though necessarily not directly crypto related, I think it's a macro market discussion.
• 2:05
  [SPEAKER_03]: And then, yes, I'm really fun, you know, the crypto report, but some other really, really fun topics here on the back end that we're excited to get to.
• 2:15
  [SPEAKER_01]: I mean, let's kick off with the macros first.
• 2:17
  [SPEAKER_01]: This is just gigantic news because we had FOMC yesterday.
• 2:21
  [SPEAKER_01]: We have big tech earnings this week.
• 2:24
  [SPEAKER_01]: We have a lot going on.
• 2:26
  [SPEAKER_01]: And it's moving the markets.
• 2:27
  [SPEAKER_01]: And you know, it's, it's, the markets have been in a place where like, okay, you know, are we going to, are we going to pull back yet?
• 2:33
  [SPEAKER_01]: Is this the new norm where we just see green on green on green?
• 2:37
  [SPEAKER_01]: I think that the, uh,
• 2:40
  [SPEAKER_01]: If you're a meteorologist or on like a four week green streak or something like that, I read something saying that they were at nineteen days of consecutive net inflows or something along those lines, which is just a crazy number.
• 2:51
  [SPEAKER_01]: I'm having weeks and weeks of inflows, but on the macro side as well, we're seeing a lot going on.
• 2:59
  [SPEAKER_01]: The things that stuck out to us, we were texting about this yesterday as it was happening, Microsoft and Meta earnings came in and both of them just crushed.
• 3:09
  [SPEAKER_01]: They're spending more, but they're also seeing big growth and just about an increase to everything of importance.
• 3:18
  [SPEAKER_01]: So what does this mean and how does this affect crypto?
• 3:21
  [SPEAKER_01]: Well,
• 3:22
  [SPEAKER_01]: When we look back at liberation day, right?
• 3:25
  [SPEAKER_01]: Everyone is saying, oh, you know, the tariffs are going to affect this.
• 3:29
  [SPEAKER_01]: The changes in policy are going to do that.
• 3:31
  [SPEAKER_01]: It's going to be so bad.
• 3:33
  [SPEAKER_01]: There's going to be inflation.
• 3:35
  [SPEAKER_01]: There is fears about all these things and so far like everything has been wrong.
• 3:39
  [SPEAKER_01]: earnings they said earnings would get hurt earnings haven't been hurt they're growing yet like record rates these are some of the best earnings if not the best earnings that we have ever seen on text growing finances are growing you're having really no sign of inflation at least not thus far everyone said oh is going to happen and then they always say oh it'll be next month oh it'll be next month
• 4:00
  [SPEAKER_01]: It's August.
• 4:00
  [SPEAKER_01]: We're pushing into August tomorrow.
• 4:03
  [SPEAKER_01]: Really no heavy sign of inflation picking up really at all.
• 4:08
  [SPEAKER_01]: And so everyone who thought the market was going to crash, there's going to be a depression, there's going to be a rise in inflation, earnings reports are going to get hurt.
• 4:15
  [SPEAKER_01]: The crypto market was going to crash.
• 4:16
  [SPEAKER_01]: The people who said all this, they've been so incredibly wrong.
• 4:22
  [SPEAKER_01]: And we want to bring this to everyone's attention because what does this mean?
• 4:24
  [SPEAKER_01]: Well, a big tech is crushing it and we're not seeing any of these effects.
• 4:28
  [SPEAKER_01]: What does that mean for risk on investors?
• 4:30
  [SPEAKER_01]: And what does that mean for the crypto market?
• 4:32
  [SPEAKER_01]: Well, that's a positive sign.
• 4:35
  [SPEAKER_01]: It means, hey, there's probably more upside.
• 4:37
  [SPEAKER_01]: The warning signs that people thought would bring crypto lower and probably the tradify markets as well.
• 4:43
  [SPEAKER_01]: They're just not in sight.
• 4:45
  [SPEAKER_01]: I can't see them.
• 4:46
  [SPEAKER_01]: And we're seeing a lot of things push up to the upside.
• 4:49
  [SPEAKER_01]: So I think Bitcoin and crypto and all coins
• 4:52
  [SPEAKER_01]: They all have more upside potential here.
• 4:54
  [SPEAKER_01]: I think the only dark horse was with that FOMC rate decision that we had yesterday.
• 5:00
  [SPEAKER_01]: We've said, hey, rate cuts are historically a really good thing for the crypto market.
• 5:04
  [SPEAKER_01]: us over here, biously being towards the crypto markets.
• 5:08
  [SPEAKER_01]: We want to see rate cuts because we know it would send Bitcoin higher, it would send all coin higher, it would send everything, right?
• 5:14
  [SPEAKER_01]: Everything would probably see quite a bit of upside if we got rate cuts.
• 5:18
  [SPEAKER_01]: It's no surprise that we didn't get one yesterday.
• 5:20
  [SPEAKER_01]: The likelihood of us getting one yesterday was really, really low in the first place, but I think seeing earnings, crushing everything, crushing due so well.
• 5:30
  [SPEAKER_01]: and not get those cuts is just as infuriating.
• 5:33
  [SPEAKER_01]: And the big argument now is like, well, the economy is doing so well, we don't have to cut.
• 5:39
  [SPEAKER_01]: But I think that that's a double-edged sword, right?
• 5:41
  [SPEAKER_01]: Because, and we've ranted about this, I don't want to make this too big of a segment, right?
• 5:45
  [SPEAKER_01]: I want to keep it more crypto-related.
• 5:47
  [SPEAKER_01]: But, you know, for the fed to, to, to, to kind of bouncy ball or balance of being between, we're forward-looking, we're backwards-looking, we're data-looking, we're reactionary, we're actionary, and it just feels like,
• 6:00
  [SPEAKER_01]: they are saying whatever it is to fit the narrative that they want to push here and that's just the way that it feels right just from my bias perspective that's the way that it feels to say that they used to be backwards looking and now they're forward looking I'm not sure what to say here because so far we haven't seen the effects of inflation we haven't seen any companies like
• 6:22
  [SPEAKER_01]: struggle with this stuff.
• 6:23
  [SPEAKER_01]: And the biggest sectors here is the private sector.
• 6:26
  [SPEAKER_01]: It's the smaller sectors.
• 6:27
  [SPEAKER_01]: Large caps are doing great, but I think the rate cuts are needed to help the private sector and the smaller ones.
• 6:33
  [SPEAKER_01]: And that's where it would just help everyone out the most.
• 6:37
  [SPEAKER_01]: So you look at this, no rate cut yet again, but everything is as healthy as can be.
• 6:43
  [SPEAKER_01]: And I think that we can see
• 6:46
  [SPEAKER_01]: I think we can have a world where there's both rate cuts and a healthy economy and there's like healthy markets and rate cuts at the same time.
• 6:54
  [SPEAKER_01]: I think we're at a stage of like maturity and especially like where we're at right now where we could easily see both.
• 6:59
  [SPEAKER_01]: So, you know, a little bit of a let down definitely not a surprise, but I mean, what are your thoughts on this?
• 7:08
  [SPEAKER_03]: I really don't have much to add just because I think to your point,
• 7:12
  [SPEAKER_03]: It's not something to go over.
• 7:13
  [SPEAKER_03]: I really think that, yeah, it's confusing to try to figure out how the crypto markets, I'm not sorry, how the Fed is is making their decision.
• 7:24
  [SPEAKER_03]: The most interesting note was there was two descent opinions.
• 7:27
  [SPEAKER_03]: So the Fed governors are make up the board.
• 7:30
  [SPEAKER_03]: And usually, you know, every once in a while, like one
• 7:32
  [SPEAKER_03]: Fed governor might dissent and disagree with the decision.
• 7:35
  [SPEAKER_03]: This was the two two Fed governors dissented, which is the first time in over thirty years.
• 7:41
  [SPEAKER_03]: So you're getting to the point now and where, you know, even the Fed body, which is, you know, historic.
• 7:49
  [SPEAKER_03]: The governing body of monetary policy is making historic moves as well in the sense that two dissenting opinions.
• 7:59
  [SPEAKER_03]: I think that is actually more interesting than the decision itself.
• 8:04
  [SPEAKER_03]: But short and sweet here, this is really what the markets think of the Fed right now as a whole.
• 8:10
  [SPEAKER_07]: It doesn't matter what you think about.
• 8:19
  [SPEAKER_03]: That's that seals.
• 8:20
  [SPEAKER_03]: It exactly.
• 8:21
  [SPEAKER_03]: That's exactly why I pulled up that clip.
• 8:23
  [SPEAKER_03]: I didn't even think of that until you're talking and you're going to toss it to me.
• 8:26
  [SPEAKER_03]: I was like, well, what do I think?
• 8:27
  [SPEAKER_03]: And I was like,
• 8:28
  [SPEAKER_03]: The market doesn't matter.
• 8:29
  [SPEAKER_03]: The market doesn't care.
• 8:31
  [SPEAKER_03]: It's like pal.
• 8:32
  [SPEAKER_03]: The market was up all day.
• 8:33
  [SPEAKER_03]: Pal does his little Q&A and then I think it's just algorithm trading.
• 8:36
  [SPEAKER_03]: Honestly, they get a couple sound bites and they parse through the information and then there's this sharp sell off right after he does the Q&A and then tech earnings come out and we're up double digits.
• 8:47
  [SPEAKER_03]: So it's like, you know, it doesn't matter.
• 8:48
  [SPEAKER_03]: It does not matter what you think.
• 8:51
  [SPEAKER_01]: And like that's you look at it in like obviously retail once this obviously the private sectors want this anything that's not a large cap ones this it's clear the government wants this you look at like all the financial people even on CNBC even they're like at this point they're like what this is really still going on and even they're having a hard time believing it and it feels like it's like an auditorium of
• 9:12
  [SPEAKER_01]: everyone outside of the fed and maybe a few of the large cat players, which even they would benefit from, but everyone outside of the fed and they're just like, yeah, we don't care.
• 9:22
  [SPEAKER_01]: But I don't know.
• 9:23
  [SPEAKER_01]: Again, I'll withdraw from this.
• 9:26
  [SPEAKER_01]: That's the last I'll speak of it.
• 9:29
  [SPEAKER_01]: But you're right in the sense that after we saw this happen, there's a really sharp sell-off in crypto.
• 9:34
  [SPEAKER_01]: And I was looking at it and it was looking like a breakdown.
• 9:36
  [SPEAKER_01]: It was looking like it was going to send the slower.
• 9:38
  [SPEAKER_01]: The crypto market did not react well to not getting rate cuts once again.
• 9:42
  [SPEAKER_01]: And we saw a bit of a sell-off and it wasn't until the earnings came out that things started bouncing back to the upside and saying, OK, well, yes, we aren't getting the rate cuts we wanted, but at the same time, everything is doing very, very well on the flip side of that.
• 9:57
  [SPEAKER_03]: Yeah, and kind of another point of doing very very well.
• 10:01
  [SPEAKER_03]: These tech earnings came out last night and absolutely crushed a Microsoft meta.
• 10:07
  [SPEAKER_03]: I think the the standing point of Microsoft was there this the pure supply and demand.
• 10:12
  [SPEAKER_03]: of their cloud infrastructure, they're running into a supply problem.
• 10:15
  [SPEAKER_03]: And then when it comes to meta, obviously, they're huge bet on AI, where they're going out.
• 10:19
  [SPEAKER_03]: And everybody's seen the notes of them poaching top AI talent, giving them LeBron James type contracts.
• 10:25
  [SPEAKER_03]: We're talking a hundred million dollar contracts to come over.
• 10:29
  [SPEAKER_03]: And I feel like the bulls are going to are saying, you know, this is the
• 10:34
  [SPEAKER_03]: Second third inning of the AI revolution and the bears are saying actually you know this AI stuff isn't going to come to fruition and bring the value that the investment is is it's going to be a you know it's not ready yet type of thing too much investments going into it and you keep waiting for to see these capex numbers go down and maybe
• 10:52
  [SPEAKER_03]: You know, the profits come down because too much cat backs and I mean, dude, meta actually crushed it last night with cat backs rising.
• 11:00
  [SPEAKER_03]: So it's crazy.
• 11:01
  [SPEAKER_01]: It feels like everyone's crushing it.
• 11:03
  [SPEAKER_01]: You know, the only one that I've seen, maybe not too great with Spotify, but you have like, you know, obviously meta, you just had Microsoft, you had
• 11:15
  [SPEAKER_01]: Oh, man, who I just had a bunch of examples and now I'm brain farting on it.
• 11:18
  [SPEAKER_01]: But you had a lot of these these companies.
• 11:20
  [SPEAKER_01]: I know even like so if I even in the traditional space, they've been making a huge push for crypto.
• 11:26
  [SPEAKER_01]: We were talking about it in our group chat last night.
• 11:29
  [SPEAKER_01]: So if I was making a huge push into crypto and so far they've reaped the rewards of it.
• 11:33
  [SPEAKER_01]: They came out and they were crushing Robinhood.
• 11:37
  [SPEAKER_01]: who has been doing great and just seeing tremendous growth, again, making a huge push into the crypto markets, they crushed it as well.
• 11:44
  [SPEAKER_03]: Yeah, actually fun, fun fact from Robin Hood obviously, big Robin Hood bulls in general.
• 11:49
  [SPEAKER_03]: The only thing that Robin Hood missed on was their crypto revenue.
• 11:54
  [SPEAKER_03]: I thought that was really funny.
• 11:56
  [SPEAKER_03]: only because crypto's been so high.
• 11:58
  [SPEAKER_03]: I mean, it's just because I think the estimates got too high, but it's crushed on everything else and they missed one crypto revenue, which I don't know, is it shareholder?
• 12:07
  [SPEAKER_03]: I mean, as a crypto person, I'm kind of like damn, I wish they did better, but like at the same time, it means that their business is maturing so well.
• 12:14
  [SPEAKER_01]: It is, and I think with the crypto side, they kept raising the expectation and raising the expectation rate.
• 12:19
  [SPEAKER_01]: Because for a while, it was growing at an uncontrollable or an unsustainable rate.
• 12:25
  [SPEAKER_01]: And so they kept having these crazy raises on what they were expecting.
• 12:29
  [SPEAKER_01]: And eventually you get to a point where you're like, all right, it's going to be tempered back into reality.
• 12:33
  [SPEAKER_01]: And that's a little bit of what we're seeing now at the moment.
• 12:36
  [SPEAKER_03]: Yeah, and it's just that it's a quarterly estimate compared to like just go look at year over year for yeah a bunch of a bunch of different stocks and it's absolutely crushed but Robinhood year over years is unbelievable.
• 12:46
  [SPEAKER_03]: But we bring that up.
• 12:47
  [SPEAKER_03]: I think it's time to transition to what the people came for what they know what they love.
• 12:51
  [SPEAKER_03]: We're going to dive into the crypto part of it now.
• 12:52
  [SPEAKER_03]: We're going to start off with some technical analysis just to tie a bone at before I hand it off to Brendan the reason that we bring that up is to showcase number one just the macro environment of what's going on number two with all this tech earnings and the stock market flying high.
• 13:04
  [SPEAKER_03]: I personally think
• 13:06
  [SPEAKER_03]: It showcases how much this V-shaped rally off of the liberation day lows is truly is like one of the most hated rallies of all time because you have all this cash on the sideline and then you see these reports from the metas from the Microsoft's and these stocks are going up, you know, eight.
• 13:21
  [SPEAKER_03]: Nine, ten.
• 13:21
  [SPEAKER_03]: I think Meta was up eleven, twelve percent at the bell.
• 13:24
  [SPEAKER_03]: This is showcasing how much cash is on the sideline, waiting for these dips, waiting for it to come back into them because either they sold or they missed out.
• 13:34
  [SPEAKER_03]: I really think it's showcasing how much of a hated V-shaped rally this whole move was in general because these type of moves on this big of a stock with this market cap is an insane amount of money inflowing to it overnight offer earnings.
• 13:47
  [SPEAKER_01]: Yeah.
• 13:48
  [SPEAKER_01]: Now you're right, man.
• 13:49
  [SPEAKER_01]: And we always like to kind of show the link between the two and like what the macro economic environment looks like because I think that understanding how healthy that looks just bolsters the case for crypto because if you look at all these big companies, they all want in on crypto, right?
• 14:05
  [SPEAKER_01]: You look at
• 14:07
  [SPEAKER_01]: You know, we've talked about Uber and Amazon and JP Morgan and all these different publicly traded companies.
• 14:13
  [SPEAKER_01]: Like, they all won in on crypto and a lot of them have already started working with it.
• 14:17
  [SPEAKER_01]: So understanding that they have a lot of cash in the sideways on the sidelines, they're very successful and they're about to be spending increasingly more cash on the crypto market is an important thing to understand.
• 14:28
  [SPEAKER_01]: It's not like they're in a tough spot where they're like, maybe we won't be able to spend as much on crypto.
• 14:33
  [SPEAKER_01]: Maybe we'll have to dial back on R&D and development and other stuff.
• 14:37
  [SPEAKER_01]: No, it's like they are going all in on this and they're crushing.
• 14:40
  [SPEAKER_01]: So I just think that that accelerates the way that they're going to be looking at, handling and growing their crypto side of things, similar to how we said, like so-fi and Robinhood have done that.
• 14:52
  [SPEAKER_01]: Coinbase with a huge partnership with JP Morgan.
• 14:56
  [SPEAKER_01]: I'm sure we'll talk about that in just a few minutes here.
• 14:59
  [SPEAKER_01]: But yeah, you know, healthy on the track by side, especially as they see adoption.
• 15:06
  [SPEAKER_01]: Yeah, and Teva, you're muted for a second here.
• 15:09
  [SPEAKER_01]: Just.
• 15:10
  [SPEAKER_03]: Yeah, my apologies there.
• 15:12
  [SPEAKER_03]: The last down vacations.
• 15:13
  [SPEAKER_03]: We got the the whole family join some breakfast.
• 15:16
  [SPEAKER_03]: But the, um, I was saying, oh, we got a great JP Morgan segment, uh, teed up with everything from the news to hot takes to even some memes.
• 15:24
  [SPEAKER_03]: So we'll tease that, but let's give the people what they want, right?
• 15:27
  [SPEAKER_03]: And let's pull up the charts.
• 15:29
  [SPEAKER_01]: Yeah, let's take a quick look at the charts and see what's happening over here.
• 15:32
  [SPEAKER_01]: It is a fascinating time.
• 15:34
  [SPEAKER_01]: So we're getting a little bit of choppy price action.
• 15:37
  [SPEAKER_01]: Starting things off over here with Bitcoin still just consolidating a little bit nervous, Tivo.
• 15:44
  [SPEAKER_01]: Got to be honest with you, a little bit nervous.
• 15:46
  [SPEAKER_01]: It's not every day I come on here and I say that.
• 15:49
  [SPEAKER_01]: But what we're seeing here is lower highs over here on Bitcoin in a pretty stable level of support around a hundred and fifteen hundred and sixteen K.
• 15:58
  [SPEAKER_01]: Typically, this reminds me more of like a descending triangle.
• 16:01
  [SPEAKER_01]: I know it's not perfect, right?
• 16:03
  [SPEAKER_01]: It's not, but, you know, we're seeing ourselves kind of put pressure into the downside.
• 16:09
  [SPEAKER_01]: And so that tends to make me a little bit more nervous on the Bitcoin chart in the short term.
• 16:15
  [SPEAKER_01]: So what does that mean?
• 16:16
  [SPEAKER_01]: Well, maybe there's a possibility that we retest our previous all-time high area.
• 16:20
  [SPEAKER_01]: around a hundred and ten hundred and eleven k down a little bit deeper towards that fifty-day moving average.
• 16:27
  [SPEAKER_01]: I'm not rolling that out at a time like this.
• 16:30
  [SPEAKER_01]: And listen, I'd love to be wrong.
• 16:32
  [SPEAKER_01]: We are seeing Bitcoin kind of consolidate below this twenty-day moving average as it's seeing lower highs.
• 16:38
  [SPEAKER_01]: Think there's just a little bit of pressure building towards the downside here.
• 16:40
  [SPEAKER_01]: So we like to keep it on bias, right?
• 16:43
  [SPEAKER_01]: We always talk about the good, the bad, and the ugly.
• 16:45
  [SPEAKER_01]: But
• 16:47
  [SPEAKER_01]: Yeah, I mean, just looking at this, there could be a little bit of a push down here in Bitcoin.
• 16:51
  [SPEAKER_01]: And I'd love to be proven wrong.
• 16:53
  [SPEAKER_01]: I think any kind of higher high here above a hundred and twenty k and closing up there.
• 16:58
  [SPEAKER_01]: I think that that invalidates this idea.
• 17:01
  [SPEAKER_01]: But so long as we continue to see lower highs building into this flat support around a hundred and sixteen-ish thousand.
• 17:09
  [SPEAKER_01]: I think that that creates a little bit of a red flag here on Bitcoin.
• 17:12
  [SPEAKER_01]: So again, I'm very optimistic in the mid-long term.
• 17:16
  [SPEAKER_01]: I'd say I'm much more cautiously optimistic in the short term acknowledging, hey, maybe there's a couple percent of a retracement back down to a more reasonable point.
• 17:26
  [SPEAKER_01]: And then I think we have this kind of slip dip in a rip idea kind of coming out of that.
• 17:32
  [SPEAKER_03]: Everyone wouldn't be the first time we saw that slip dip in a rip.
• 17:37
  [SPEAKER_01]: Yeah, it wouldn't.
• 17:38
  [SPEAKER_01]: And like you look at a lot of these other legs up over here.
• 17:41
  [SPEAKER_01]: And like it just happens, right?
• 17:43
  [SPEAKER_01]: You know, we move up, we pull back.
• 17:43
  [SPEAKER_01]: We move up, we pull back.
• 17:45
  [SPEAKER_01]: We move up, we pull back.
• 17:46
  [SPEAKER_01]: We move up, bigger pull back.
• 17:48
  [SPEAKER_01]: We see a bigger move up.
• 17:49
  [SPEAKER_01]: And then we pull back.
• 17:50
  [SPEAKER_01]: And this is just the kind of thing that happens.
• 17:52
  [SPEAKER_01]: You know, over here on Bitcoin, we saw a twelve and a half percent retracement.
• 17:56
  [SPEAKER_01]: If we were going to see that again, it would bring us down to a hundred and seven K. Now, I don't know if we'll actually get down that low, but
• 18:05
  [SPEAKER_01]: I bring this up because retracements are normal.
• 18:07
  [SPEAKER_01]: They happen.
• 18:08
  [SPEAKER_01]: It's not a big deal.
• 18:10
  [SPEAKER_01]: And when they do happen, that's actually where I'm doing the bulk of my buying.
• 18:14
  [SPEAKER_01]: rather than buying.
• 18:17
  [SPEAKER_03]: We got Mike Lyon in the chat and he needs a slip dip and a rip t-shirt.
• 18:22
  [SPEAKER_03]: I actually don't hate that idea with a pretty good idea.
• 18:25
  [SPEAKER_03]: Yeah, I like that idea.
• 18:26
  [SPEAKER_03]: Like some kind of charting.
• 18:29
  [SPEAKER_03]: Make the candles some type of funny funny vibe and then have just like slipped dip and a rip underneath.
• 18:34
  [SPEAKER_03]: I kind of like that.
• 18:35
  [SPEAKER_03]: We might work on that for the the Christmas drop Mike.
• 18:37
  [SPEAKER_03]: Thank you.
• 18:39
  [SPEAKER_01]: Yeah, you know, exactly, man.
• 18:41
  [SPEAKER_01]: It's, I think that's a great idea.
• 18:42
  [SPEAKER_01]: In fact, I wish people would come into the chat and tell us stuff like that more often, because we just have these sayings, we're like, oh, slipped up in a rip, break hook and go.
• 18:50
  [SPEAKER_01]: And we say all these like crazy things.
• 18:52
  [SPEAKER_01]: And there's problems.
• 18:54
  [SPEAKER_03]: Yeah, shout out to Mike there, David's in the chat, Tim's in the chat as well.
• 18:59
  [SPEAKER_03]: And he said the bagel army's ready to go.
• 19:01
  [SPEAKER_03]: I am thinking if Ethereum hits that.
• 19:03
  [SPEAKER_03]: four thousand dollar number that I I'm gonna make a crypto bagel t-shirt just for myself if if we hit that I'll give it till can we give it to the end of the summer to break we'll say that the bagel call is that fair yeah I guess it can't go underneath though that's the problem it can't it can't test the hundred day but if we break four k and get up to that forty one forty two by the end of the summer I'm gonna make uh... the crypto bagel t-shirts all right if it's just for me I'll put them on sale but even if it's just for me
• 19:31
  [SPEAKER_01]: If it happens, you know, I don't know.
• 19:35
  [SPEAKER_01]: We'll do something funny.
• 19:36
  [SPEAKER_03]: Yeah, and then check out below if you're on YouTube.
• 19:40
  [SPEAKER_03]: We got the merch store up.
• 19:41
  [SPEAKER_03]: We got the Mona Lisa Bitcoin shirt.
• 19:43
  [SPEAKER_03]: A lot of fun stuff, but yeah, I think I'm going to make some new designs.
• 19:45
  [SPEAKER_03]: So we'll we'll put those in the queue.
• 19:49
  [SPEAKER_01]: Absolutely.
• 19:50
  [SPEAKER_01]: I love the chat box.
• 19:53
  [SPEAKER_01]: If you're not here live, it's awesome.
• 19:55
  [SPEAKER_01]: You should definitely join here live one of these days.
• 19:58
  [SPEAKER_01]: But let's move it on to Ethereum here.
• 20:00
  [SPEAKER_01]: Ethereum pushing up into that big resistance area right around four thousand dollars.
• 20:07
  [SPEAKER_01]: And what we're seeing over here is that again, we've said, hey, this is a big resistance.
• 20:11
  [SPEAKER_01]: We've come up here.
• 20:11
  [SPEAKER_01]: We've rejected thirty percent.
• 20:14
  [SPEAKER_01]: We've come up here, we've rejected forty percent, come back up, rejected sixty percent to the downside, and seen these really deep pullbacks.
• 20:21
  [SPEAKER_01]: We're still at resistance territory, we can continue to see that like after some of these really sharp moves upwards, all the sudden Ethereum struggling, and it's at this zone between thirty eight hundred and four k.
• 20:33
  [SPEAKER_01]: So if we can start seeing each start push above four thousand forty one hundred start closing up there it is essentially in price discovery mode with the only last resistance being the all-time high around forty eight hundred.
• 20:47
  [SPEAKER_01]: I'm still what looking at this pretty cautiously again cautiously optimistic is the name of the game here we've had a fantastic move retracement do happen where a massive area of resistance if we break through this then
• 21:01
  [SPEAKER_01]: The bulls are very clearly in complete control and the biggest resistance zone is behind us.
• 21:06
  [SPEAKER_01]: I am just trying a little bit carefully around here because we know what's happened in the past, but eventually I do think that this four K area is going to break.
• 21:14
  [SPEAKER_01]: I think it can break by the end of this year.
• 21:16
  [SPEAKER_01]: I'm just watching the sea.
• 21:18
  [SPEAKER_01]: Are we going to break it right now?
• 21:20
  [SPEAKER_01]: Or will we break it in a month or two or three months from now?
• 21:24
  [SPEAKER_01]: Keep an eye on Ethereum up here.
• 21:26
  [SPEAKER_01]: Again, I do think it's going to break.
• 21:28
  [SPEAKER_01]: It's just a matter of time.
• 21:29
  [SPEAKER_01]: It's not a matter of if it's more of a matter of when in my books.
• 21:33
  [SPEAKER_01]: And again, I'm always a trader.
• 21:35
  [SPEAKER_01]: So I look at this through a trading lens saying, do I want to buy at the resistance area where we've seen thirty, forty, and sixty percent pullbacks historically every single time?
• 21:46
  [SPEAKER_01]: You know, it sounds a little bit scary for me to buy at the absolute peak of the resistance level, but on pullbacks, Ethereum is something I'm still very, very bullish on, and especially if we break through and just disrespect that resistance.
• 22:00
  [SPEAKER_01]: But, and the thing is, Tivo, you know, we've seen a lot of positive sentiment on Ethereum just in general, like you look at it from the fundamentals and the technicals, and it feels like it's just winning.
• 22:12
  [SPEAKER_01]: It's just winning all around.
• 22:13
  [SPEAKER_03]: Yeah, it's definitely won the narrative, but again, it's we've talked about this many times, so not nothing to dive in deep again, but just the narrative is completely flipped because, you know, months ago, a couple months ago, right?
• 22:27
  [SPEAKER_03]: It was, it was the Ethan's dead, and I feel like the Ethan's dead, uh,
• 22:31
  [SPEAKER_03]: thesis was one the timeline for almost you know a year plus the Bitcoin was completely outperforming you know so harshly to the upside you know the people that were holding a theorem felt like
• 22:42
  [SPEAKER_03]: They were just missing out because Bitcoin's ripping so hard.
• 22:45
  [SPEAKER_03]: So that final drop below two K into that, you know, a fifteen hundred range was just devastating for people.
• 22:53
  [SPEAKER_03]: And the Ethereum dead thesis just made a lot of sense.
• 22:57
  [SPEAKER_03]: But now, you know, looking back on that, you feel, you feel super silly selling your theorem around that fifteen to eighteen hundred dollar range after seeing the
• 23:06
  [SPEAKER_03]: You know, tokenization efforts by Robin Hood, the Tom Lee, becoming on the board of Ethereum, you know, treasury company.
• 23:13
  [SPEAKER_03]: I think we got S-Bet coming up later in the show just keeps buying.
• 23:16
  [SPEAKER_03]: I think S-Bets buying the ETH every day.
• 23:18
  [SPEAKER_03]: So it's a narrative right now that's definitely hot in the streets.
• 23:23
  [SPEAKER_03]: And the continuation that will, I think, again, never personal financial advice, but will continue higher if that narrative stays strong and you continue to see the momentum around these.
• 23:33
  [SPEAKER_03]: Treasury companies and just kind of it being the talk of Wall Street.
• 23:37
  [SPEAKER_03]: Tying into the point that you sit on the top of the show.
• 23:38
  [SPEAKER_03]: It's not always super fun.
• 23:41
  [SPEAKER_03]: We love crypto and it's not super fun talking about FOMC and then obviously the Tradvice stuff, you know, meta and whatnot is not necessarily our lane, but it's cross pollinated now.
• 23:50
  [SPEAKER_03]: This isn't five, six, seven, eight years ago where you know, Tradvice and crypto weren't linked.
• 23:55
  [SPEAKER_03]: It's it's lockstep now.
• 23:56
  [SPEAKER_03]: So it's important.
• 23:58
  [SPEAKER_01]: Yeah, it is.
• 23:59
  [SPEAKER_01]: And, you know, we've seen other altcoins move here as well.
• 24:03
  [SPEAKER_01]: You know, obviously, I think the Ethereum narrative is one of the hottest.
• 24:06
  [SPEAKER_01]: When Ethereum's, I don't know, dominance was kind of added to low.
• 24:10
  [SPEAKER_01]: That's when we saw Bitcoin dominance high, but also Solana dominance was really high.
• 24:16
  [SPEAKER_03]: Before you, I got a question from Tim on, before we jumped to Solana.
• 24:19
  [SPEAKER_03]: So, Tim had a good point.
• 24:20
  [SPEAKER_03]: He's like, ETH had a tie as movement, but in like the middle of the night between like, you know, midnight and three AM.
• 24:27
  [SPEAKER_03]: So is he's wondering is that overseas buying?
• 24:28
  [SPEAKER_03]: You know, I don't think we know for a fact him.
• 24:31
  [SPEAKER_03]: So we can't, you know, tell you exactly what it is.
• 24:33
  [SPEAKER_03]: It could be overseas buying could be OTC desk buying.
• 24:36
  [SPEAKER_03]: It could be these companies, right?
• 24:37
  [SPEAKER_03]: They want to buy during low low volatility, right?
• 24:40
  [SPEAKER_03]: So they can get, you know, the price they want.
• 24:43
  [SPEAKER_03]: But Brendan, do you have any thoughts on that for Tim?
• 24:45
  [SPEAKER_01]: Yeah, it very well could be.
• 24:47
  [SPEAKER_01]: We've seen that in the past, especially when a lot of the Asian markets come online.
• 24:51
  [SPEAKER_01]: We have seen them go in by pretty heavily.
• 24:55
  [SPEAKER_01]: So I want to be surprised if that was the case.
• 24:57
  [SPEAKER_01]: I think in this event, like as of yesterday, specifically.
• 25:01
  [SPEAKER_01]: Again, going back to the tech earnings, we saw those happen in the after market and then we saw the future's market for NASDAQ and tech really pump overnight.
• 25:11
  [SPEAKER_01]: So I think that might be part of it for last night specifically is that we just had an overnight rally in tech and encrypt those specifically because of some of the stuff that we saw.
• 25:21
  [SPEAKER_01]: But yeah, you know, very well could be we've seen similar stuff happen in the past.
• 25:29
  [SPEAKER_01]: But yeah, I mean, if we want to keep it on and just, you know, just kind of look at the rest of the awkward market at a high level.
• 25:37
  [SPEAKER_01]: I sell Tim say, I owe printing and apology as I am also mad at XRP too.
• 25:42
  [SPEAKER_01]: I didn't hear the first part of the pod and I went back and I listened to it and it wasn't cool.
• 25:46
  [SPEAKER_01]: And this is in regards to what we talked about on Monday, just with Chris Larson, you know, allegedly selling off hundreds of millions of dollars of more XRP and
• 25:56
  [SPEAKER_01]: You know, it was a shame because XRP was crushing it, doing well all-time highs, just killing it.
• 26:02
  [SPEAKER_01]: And then this happens, you know, for, I don't know how many times this has happened, but quite a bit.
• 26:07
  [SPEAKER_01]: And, you know, even now it's kind of consolidating right around three bucks.
• 26:11
  [SPEAKER_01]: It is a little bit of a support zone, but you can see the effect that the selling pressure has had kind of just floating around its local low.
• 26:18
  [SPEAKER_01]: You can see it's a little bit further away from the highs.
• 26:20
  [SPEAKER_01]: Same thing with Solano though, and they didn't have the same kind of issue.
• 26:24
  [SPEAKER_01]: They're coming back into their previous highs over here trying to find some support above that two hundred-day moving average.
• 26:30
  [SPEAKER_01]: And the thing about ETH is like, it's just not seeing that level of selling.
• 26:33
  [SPEAKER_01]: You know, you look at ETH and it's rate below its highs.
• 26:36
  [SPEAKER_01]: You look at Bitcoin and it's similar ask where it's rate below its highs.
• 26:40
  [SPEAKER_01]: It's not until you get into some of these altcoins where they're seeing a little bit more selling pressure.
• 26:45
  [SPEAKER_01]: But that's just kind of typical given the stage of the market.
• 26:51
  [SPEAKER_01]: And yeah, I mean, Bitcoin dominance is climbing a little bit as well.
• 26:53
  [SPEAKER_01]: So overall, you know, it looks like the large caps are holding on a little bit stronger at the moment, but as Bitcoin dominance drops, which I think if we look at the big picture, I always like to show this, like if Bitcoin dominance does go back to forty percent, then I mean, all coins have a ton more upside potential.
• 27:14
  [SPEAKER_03]: Yeah, I think that's what everybody's been positioned for and waiting him going back as far as a year ago, right?
• 27:19
  [SPEAKER_03]: So Bitcoin dominance kind of like what we said about the eighth story is like Bitcoin is outperforming outperforming outperforming and kind of waiting for that, you know, segment of of the altcoin season is here.
• 27:30
  [SPEAKER_03]: But I know the teams really pulled up.
• 27:32
  [SPEAKER_03]: I was texting Bryce yesterday.
• 27:33
  [SPEAKER_03]: We're just kind of going back and forth.
• 27:35
  [SPEAKER_03]: Bryce is pulled up.
• 27:36
  [SPEAKER_03]: And, and I think anybody that's been here again long term, you know, again, you've had, you know, some winners get some losers and for the most part the market, you know, all boats have lifted higher, but you're kind of waiting for that, you know, break out.
• 27:48
  [SPEAKER_03]: And again, I think that narrative around Wall Street coming in is is kind of that capital that that starts flowing in and can can definitely lead as higher.
• 27:56
  [SPEAKER_03]: But the reason I believe Wall Street is in is that there's more than, you know, it's not just Wall Street, right?
• 28:05
  [SPEAKER_03]: It's the government side of things.
• 28:06
  [SPEAKER_03]: And so we had the crypto report come out yesterday from the White House.
• 28:11
  [SPEAKER_03]: And we were excited about this kind of going back two weeks ago when it was announced.
• 28:16
  [SPEAKER_03]: Well, we're going to break it fully down.
• 28:18
  [SPEAKER_03]: Let's start off with there was a there's a sixty second video I got here is kind of like the recap video.
• 28:23
  [SPEAKER_03]: They made I think it's just worth watching because again when the White House tweets something about crypto you probably want to check it out.
• 28:30
  [SPEAKER_03]: So let's watch this video then Brendan's going to dive us into the report and we'll kind of give some takes around what what we thought about it.
• 28:38
  [SPEAKER_06]: Cody Carbone, CEO of the Digital Chamber, Matthew Pines here, Executive Director of the Bitcoin Policy Institute.
• 28:43
  [SPEAKER_00]: This is an exciting and historic day for the crypto industry.
• 28:47
  [SPEAKER_05]: We're celebrating the release of a comprehensive digital loss report from the Presidential Working Group.
• 28:52
  [SPEAKER_06]: It's a market event in the history of America's approach to digital asset policy and Bitcoin in particular.
• 28:57
  [SPEAKER_00]: We have a blueprint that will unleash America's ingenuity and bring the innovation that has been offshore back into the United States.
• 29:07
  [SPEAKER_00]: making the United States a crypto capital of the world.
• 29:10
  [SPEAKER_04]: A massive shout out to President Trump, Bo Heinz, David Sachs, and all of the Asians he had, who contributed to this report.
• 29:17
  [SPEAKER_05]: We are so appreciative of this administration, this president, for prioritizing digital loss innovation and leadership, and ensuring that we are in the golden age of digital assets.
• 29:25
  [SPEAKER_04]: It is time that the U.S.
• 29:27
  [SPEAKER_04]: is the crypto leader of the entire world, and this report puts us on track to think of that.
• 29:35
  [SPEAKER_03]: So, initial thoughts for me to be completely honest to the listeners out there that trust us and asked us, we're getting tweets about it last night, you know, what are you seeing in the report?
• 29:45
  [SPEAKER_03]: Kind of kind of a lot of fluff, kind of a lot of fluff, not a lot to be excited about here, specifically in the report.
• 29:55
  [SPEAKER_03]: I think the positives are that it's front of mine, they're still doing events around it and they keep kind of, I feel like
• 30:00
  [SPEAKER_03]: They keep kind of punting a little bit like, you know, there's big stuff coming.
• 30:04
  [SPEAKER_03]: There's big stuff coming.
• 30:06
  [SPEAKER_03]: So eventually we really want to hear some kind of groundbreaking news and we're going to the next topical be the reserve.
• 30:12
  [SPEAKER_03]: We're going to touch on that.
• 30:13
  [SPEAKER_03]: But I want to toss it off to you.
• 30:14
  [SPEAKER_03]: I know you went through the report.
• 30:15
  [SPEAKER_03]: You know, technical analysis guy, you technically dove into this report.
• 30:20
  [SPEAKER_03]: What are you seeing?
• 30:21
  [SPEAKER_03]: What are your takeaways from it, even though it wasn't necessarily a groundbreaking day?
• 30:26
  [SPEAKER_01]: You know, here's the thing.
• 30:27
  [SPEAKER_01]: I think it was people felt as if it was a little bit more of a nothing burger because it wasn't as action area as people expected it to be and it was also just like it was a very high level and foundational.
• 30:42
  [SPEAKER_01]: So what do I mean by that?
• 30:43
  [SPEAKER_01]: It painted the picture for how they want to address and approach the crypto market moving forward.
• 30:49
  [SPEAKER_01]: So they talked about regulatory stuff.
• 30:51
  [SPEAKER_01]: They talked about how it's traded.
• 30:53
  [SPEAKER_01]: They talked about who regulates it and watches over it and how it should be treated as an asset.
• 30:59
  [SPEAKER_01]: They talked about stablecoins in their role in promoting dollar dominance.
• 31:05
  [SPEAKER_01]: They also just talked about some of these
• 31:08
  [SPEAKER_01]: verticals inside of crypto like defy like tokenization like Ando and I think chain link were mentioned in there and you know they talk about the role that this has with banks and in a tax society and how it's going to be taxed and a framework for like accountability and making sure that it is taxed properly.
• 31:29
  [SPEAKER_01]: They talked about
• 31:31
  [SPEAKER_01]: it, you know, the kind of staying away from CVDCs or central bank digital currencies, which is a good thing we don't want one of those.
• 31:39
  [SPEAKER_01]: They mentioned the idea of the Bitcoin reserve, which was probably the biggest thing that they talked about in there.
• 31:45
  [SPEAKER_01]: And just about like,
• 31:47
  [SPEAKER_01]: It was just very kind of policy and high level driven, like, how can we understand this, address this and use it moving forward?
• 31:55
  [SPEAKER_01]: But that was about it.
• 31:56
  [SPEAKER_01]: It was just them talking about it.
• 31:59
  [SPEAKER_01]: It was kind of like, if you went to a lecture of a politician who was going to talk about Bitcoin, that's essentially what it was.
• 32:06
  [SPEAKER_01]: Is it was them explaining and dissecting it without really doing a lot or having a lot come out of it?
• 32:14
  [SPEAKER_01]: And I think that's why people were frustrated
• 32:18
  [SPEAKER_01]: is that they wanted something more actionable.
• 32:22
  [SPEAKER_01]: You know, we wanted to know how much of crypto does the US actually own?
• 32:27
  [SPEAKER_01]: What does the US actually own?
• 32:29
  [SPEAKER_01]: You know, we wanted a more like detailed plan of like, oh, we own this much of Bitcoin, this much of Ethereum, this much of Solana, this much of XRP, this much of fill in the blank.
• 32:38
  [SPEAKER_01]: And we wanted a game plan.
• 32:39
  [SPEAKER_01]: Are we going to be, what is the game plan for accumulating more?
• 32:43
  [SPEAKER_01]: Are we going to accumulate more?
• 32:45
  [SPEAKER_01]: Like, what is the steps of doing this moving forward?
• 32:49
  [SPEAKER_01]: How is the US going to promote the growth of the stablecoin market to, you know,
• 32:57
  [SPEAKER_01]: essentially like back the dollar like are they're going to be uh... i don't know if like contractor grants are like are they going to be subsidizing the the growth of that sector uh... you know they've said they were going to be the crypto capital of the world are it will look what steps are we going to take to get there beyond just explaining that we're going to do it and again like people wanted actionable steps of like this is the next step we're going to be doing this growth is going to be promoted because of this that and whatever
• 33:22
  [SPEAKER_01]: And we just didn't get a ton of that in here.
• 33:26
  [SPEAKER_01]: It felt like very just
• 33:29
  [SPEAKER_01]: I think you're right to use the word fluff.
• 33:31
  [SPEAKER_01]: It was pretty fluffed up.
• 33:32
  [SPEAKER_01]: It was a really, really long report.
• 33:35
  [SPEAKER_01]: I went through the freaking thing.
• 33:38
  [SPEAKER_01]: I still have it actually pulled up here.
• 33:39
  [SPEAKER_01]: I think in total, it was a hundred and sixty-five pages or something.
• 33:46
  [SPEAKER_01]: So, did it need to be that long?
• 33:48
  [SPEAKER_01]: I know like in typical regulatory fashion, those things just are long.
• 33:56
  [SPEAKER_03]: Yeah, I mean, did you just said, you know, our sweet, sweet Brendan just dropped the word fricking live on the hair.
• 34:02
  [SPEAKER_03]: Like he was not happy kind of going through this and not getting any, not getting any value from it.
• 34:07
  [SPEAKER_03]: Um, I don't know.
• 34:09
  [SPEAKER_03]: Honestly, the only, the only tidbit is like,
• 34:12
  [SPEAKER_03]: I was sad that David Sachs wasn't really a part of it.
• 34:15
  [SPEAKER_03]: Yeah, and why wasn't he a part of it?
• 34:16
  [SPEAKER_03]: Right.
• 34:17
  [SPEAKER_03]: And so, dude, when they said this, I really thought there was going to be some type of press conference.
• 34:22
  [SPEAKER_03]: So huge, huge miss by me guessing on that to be honest, hand up.
• 34:26
  [SPEAKER_03]: And I think whenever there's going to be a huge announcement, David Sachs is going to be there.
• 34:30
  [SPEAKER_03]: So that's going forward.
• 34:32
  [SPEAKER_03]: I guess it would have been announced a day or two before, like, oh, David Sachs press conference at
• 34:38
  [SPEAKER_03]: to PM, you know, in the office with President Trump or whatever.
• 34:40
  [SPEAKER_03]: So that's what you're going to be looking for.
• 34:43
  [SPEAKER_03]: If there's going to be big news and I do have a clip here.
• 34:46
  [SPEAKER_03]: So I pulled a clip from Bo Heine.
• 34:47
  [SPEAKER_03]: So Bo Heine's kind of got interviewed on this and
• 34:53
  [SPEAKER_03]: kind of looking for an update on the reserve and so they basically my thought was a couple weeks ago right there was all that foot on the timeline of our did the US sell its Bitcoin and then it got debunked and then people were still flooding over it you know how much Bitcoin's the US hold so I thought at least in the report we would get that again another miss we did not and so I think that was a lot of the questions they're kind of doing this press run around the digital asset group
• 35:20
  [SPEAKER_03]: and it wasn't stated.
• 35:23
  [SPEAKER_03]: So I pulled this clip of bowhines getting asked about the Bitcoin reserve.
• 35:27
  [SPEAKER_03]: It is ninety seconds, but I think it's worth taking a look since, you know, we kind of got all excited about their support.
• 35:34
  [SPEAKER_03]: Again, in our opinion, a little fluff, basically, nothing burger, but this is the most recent thing about bowhines talking about the reserve.
• 35:41
  [SPEAKER_03]: So we'll listen to that, break it down, and then we can move on.
• 35:45
  [SPEAKER_03]: I would love to know, say, on a potential bit to coins, strategic reserve.
• 35:50
  [SPEAKER_02]: Look, we have it.
• 35:52
  [SPEAKER_02]: It's been established.
• 35:53
  [SPEAKER_02]: There's equity order in the SPR.
• 35:55
  [SPEAKER_02]: We also have this strategic national stock mile.
• 35:59
  [SPEAKER_02]: You know, I, or sorry, the digital asset, national stock mile.
• 36:01
  [SPEAKER_02]: I think that one we wanted to recognize Bitcoin for being unique and we talk about what that looks like and kind of the threshold.
• 36:08
  [SPEAKER_02]: that Bitcoin has created.
• 36:10
  [SPEAKER_02]: It's in the class of its own and everyone recognizes that.
• 36:13
  [SPEAKER_02]: But we also wanted to give credence to the work in the developments happening across other ecosystems.
• 36:17
  [SPEAKER_02]: And that's why we have the national stockpile alongside.
• 36:20
  [SPEAKER_02]: This actually requires some labor to get this set up properly, to build the infrastructure, to make sure that you're crossing your teeth and doubting your eyes to get this done the right way, and have long term success with it.
• 36:31
  [SPEAKER_02]: But I've said at Nazium, we do believe in accumulation,
• 36:35
  [SPEAKER_02]: obviously in budget neutral ways as the President's outline.
• 36:38
  [SPEAKER_02]: But there are countless ways that we can engage in that black on those that can be most expeditiously implemented.
• 36:44
  [SPEAKER_02]: And I think that, you know, people will be very pleased with the direction that we go in and we'll start moving on that in short order.
• 36:50
  [SPEAKER_02]: But obviously in this report, if you read the first digital assets, you know, we're tasked with creating a clear robust regulatory framework.
• 36:56
  [SPEAKER_02]: And so that's what we focus on here.
• 36:57
  [SPEAKER_02]: We understand the importance of this strategic bitcoin reserve or enormous fans of Bitcoin and the Bitcoin community and we wanted to deliver for them as well and I'm certain that we will.
• 37:07
  [SPEAKER_03]: So the basically the end of that clip, they said, how much Bitcoin does the US government hold and he said, we can't discuss that right now, which I think was, you know, a little bit, well, everybody was looking for out of this report, thumbs down from Brendan, but in the middle there, in the middle there, accumulation is on our mind and doing it in budget neutral ways is how we are going to execute on it.
• 37:29
  [SPEAKER_03]: I basically say, hey, we're still looking at this.
• 37:33
  [SPEAKER_03]: We're still going for it.
• 37:34
  [SPEAKER_03]: I do agree with the first part as much of fluff as it was.
• 37:39
  [SPEAKER_03]: You do have to create the framework.
• 37:40
  [SPEAKER_03]: You do have to create the systems to go and do this stuff.
• 37:43
  [SPEAKER_03]: So again, we're six, seven months into the administration now.
• 37:47
  [SPEAKER_03]: I think, again, zoom out, right?
• 37:50
  [SPEAKER_03]: We say that all the time we're looking at the charts.
• 37:52
  [SPEAKER_03]: I think maybe, you know,
• 37:54
  [SPEAKER_03]: the other side of the coin could be maybe we're being a little greedy and wanting more and more.
• 37:58
  [SPEAKER_03]: I mean, we've gotten a lot in six, seven months, especially from the regulatory side.
• 38:03
  [SPEAKER_03]: And so I agree.
• 38:05
  [SPEAKER_03]: I understand that setting up that framework and the governing bodies to execute on these things, especially when the government starts buying this stuff, it's gonna send, I guess in my opinion, to send the market into a frenzy, right?
• 38:17
  [SPEAKER_03]: When the US makes its first official Bitcoin purchase and they advertise that,
• 38:23
  [SPEAKER_03]: I don't know what could happen.
• 38:24
  [SPEAKER_03]: I think that could be a wild wild event.
• 38:28
  [SPEAKER_06]: So standard.
• 38:29
  [SPEAKER_03]: Yeah, it sets the standard.
• 38:30
  [SPEAKER_03]: It's a great way to put it.
• 38:31
  [SPEAKER_03]: And so again, at the end there as much as he said, Hey, are the last question I cut it off.
• 38:36
  [SPEAKER_03]: This is a long was, Hey, how much Bitcoin does the US hold?
• 38:39
  [SPEAKER_03]: You said, I can't discuss that right now.
• 38:40
  [SPEAKER_03]: That's
• 38:41
  [SPEAKER_03]: That's a question I think we would really like to know sooner rather than later, but maybe they're not discussing it because they're slowly accumulating it.
• 38:48
  [SPEAKER_03]: That's one side of the coin, the other side of the coin is maybe the accidentally sold some from the last administration.
• 38:54
  [SPEAKER_03]: So we're kind of in limbo again, back where we started there, but it's something that we need to follow, and even though it was a nothing burger, as soon as they do this type of report again, it's something that we have to follow.
• 39:04
  [SPEAKER_03]: So we'll bring it to you.
• 39:06
  [SPEAKER_01]: Spot on men, spot on and, you know, even in regards to what's happening with the crypto ETFs, there was some news overall in that table, right?
• 39:15
  [SPEAKER_01]: I think we got some framework.
• 39:17
  [SPEAKER_03]: For it's a great transition because again, as much as you get this report and it's a lot of fluff and nothing burger.
• 39:24
  [SPEAKER_03]: We're making the progress and so a friend of the program James Sayfardier and Eric from Bloomberg basically have been kind of piecing together how the SEC and the CFTC combined have basically laid the runway
• 39:38
  [SPEAKER_03]: For how these crypto ETFs are going to pass, so there's certain criteria that they're going to have to hit.
• 39:43
  [SPEAKER_03]: You know, from where they're, you know, what exchanges are on, I think the futures contract is a big thing.
• 39:49
  [SPEAKER_03]: And so if you can start to find a different altcoin projects that that hit these markers.
• 39:54
  [SPEAKER_03]: Then basically, the framework, if you can hit all them, then you have a green light for an ETF.
• 40:00
  [SPEAKER_03]: And so I think this was actually the most exciting news regulation-wise this week of these guys pulling this together.
• 40:07
  [SPEAKER_03]: But did you have any thoughts around it either, Brendan?
• 40:10
  [SPEAKER_01]: Yeah, I mean, this is what we've been asking for, right?
• 40:13
  [SPEAKER_01]: And this is what most people have been asking for.
• 40:15
  [SPEAKER_01]: And that was the one good thing that did come out of this report is that we're getting clarity.
• 40:19
  [SPEAKER_01]: All these companies who have wanted to adopt crypto, they said, just give, we're willing to do whatever, just give us clarity.
• 40:25
  [SPEAKER_01]: That was the big issue with Gensler is that these companies said we're willing to comply by like whatever you say, just let us know what
• 40:32
  [SPEAKER_01]: like what the lines are so that we don't cross them.
• 40:35
  [SPEAKER_01]: Now even with the ETFs, there's all these people filing saying, hey, we want ETFs, we'll make them compliant.
• 40:41
  [SPEAKER_01]: Just let us know what we need to do.
• 40:43
  [SPEAKER_01]: And that's what we're seeing a lot of here on both the ETF and on the White House summary side and that crypto report.
• 40:50
  [SPEAKER_01]: We're seeing like pretty clear standards for like, okay, if you want an ETF, if you want this and that, here are the standards and there's lines are becoming increasingly more clear and clear and clear.
• 41:02
  [SPEAKER_01]: And I think that what that'll do is help the adoption of a lot of these new different products and use cases and everything for it to be increasingly more integrated into the track market.
• 41:15
  [SPEAKER_01]: So that's the way that I view this.
• 41:17
  [SPEAKER_01]: I think it's it's not a bad thing to have clear regulation so long as it's the right kind of regulation and it looks like that's what we're getting here.
• 41:26
  [SPEAKER_03]: Yeah, and I think again, this is the things that had been moving basically super fast in that first six, seven months.
• 41:33
  [SPEAKER_03]: So it's stuff to get excited about.
• 41:35
  [SPEAKER_03]: And this is the floodgates.
• 41:36
  [SPEAKER_03]: I feel like our building.
• 41:38
  [SPEAKER_03]: I feel like these crypto ETFs and staking as well throw that in there into the pond of water that's built up on this dam.
• 41:45
  [SPEAKER_03]: And it feels like
• 41:47
  [SPEAKER_03]: This, I'll say Q four, you know, random Tvo prediction, which clearly for this crypto report did not come true.
• 41:54
  [SPEAKER_03]: So take it with a grain of salt, but I think Q four is kind of iron up here where these floodgates might open for these ETFs for the staking.
• 42:02
  [SPEAKER_03]: And I think it'll be a great time because it'll be exciting.
• 42:05
  [SPEAKER_03]: And then we can kind of get the rotation back of our favorite people in the space, you know, the Mad Hogan's of the world, bringing them back on and see what they're staying.
• 42:12
  [SPEAKER_03]: So I think I like the setup here.
• 42:15
  [SPEAKER_03]: I really do like the setup.
• 42:16
  [SPEAKER_03]: But kind of a transition here of people and floodgates opening and people buying in here and more and more things and products coming.
• 42:29
  [SPEAKER_03]: Let's just start off with a video, Brendan.
• 42:31
  [SPEAKER_03]: I mean, let's really just play this video.
• 42:34
  [SPEAKER_03]: And this is the CEO of JP Morgan folks.
• 42:37
  [SPEAKER_03]: And this is him and his thoughts on crypto and Bitcoin.
• 42:45
  [SPEAKER_07]: I've always been deeply opposed to crypto, to coin, et cetera.
• 42:48
  [SPEAKER_07]: You point it out to a true use case for it as criminals, drug traffickers, anti-money law and tax avoidance, and that is a use case, because it is somewhat anonymous, not fully, and because you can move money instantaneously, because it doesn't go through, as you mentioned, all these systems have built up over many years, or your customer sanctions, oh, fact, it's didn't get bypassed all of that.
• 43:11
  [SPEAKER_07]: If I were to the governments, I closed it down.
• 43:13
  [SPEAKER_07]: Okay.
• 43:14
  [SPEAKER_03]: I've always been deeply, and with that, ladies and gentlemen, we present to you.
• 43:19
  [SPEAKER_03]: Jamie Diamonds, JP Morgan, partners with Coinbase to enable credit card purchases on this platform and let Chase customers redeem points for not only USDC, but other crypto products via their platform, a huge day for crypto, a huge day for Jamie Diamonds, renowned hater of the crypto markets,
• 43:41
  [SPEAKER_03]: crossing the picket line and absolutely bending the knee.
• 43:44
  [SPEAKER_03]: Let's give him, let's give him a round of applause.
• 43:54
  [SPEAKER_03]: It's truly a bend the knee moment, Brendan.
• 43:58
  [SPEAKER_03]: Your first initial hot take thoughts.
• 44:00
  [SPEAKER_01]: Well, here's the deal.
• 44:02
  [SPEAKER_01]: JP Morgan has been going against what Jamie Diamond has thought about crypto for like at least a year or two now, like probably longer.
• 44:11
  [SPEAKER_01]: It's clear that he's had this very biased stance against it, and the JP Morgan, the actual company itself, even though he's at the forefront of it, they keep adopting it.
• 44:22
  [SPEAKER_01]: more and more and more and so it feels like they're padding on the back and they're being like okay like we understand your mad but we're gonna keep doing this and then this is just another example of that where they continue to adopt crypto regardless of what his stance is regardless of what he thinks this stuff's happening and it just goes to show i mean he talk about some of the most powerful people on the planet are like on earth like
• 44:46
  [SPEAKER_01]: You know, he's up there.
• 44:48
  [SPEAKER_01]: And if he is anti-crypto and he can't even stop his own company from adopting this stuff, what makes you think adoption is gonna happen and adoption isn't going to happen anywhere else, right?
• 44:59
  [SPEAKER_01]: So I'll say that again, if Jamie Diamond with all this influence and power can't even stop his own company from adopting crypto, how are you going to expect adoption to slow down and stop anywhere else outside of that, right?
• 45:12
  [SPEAKER_01]: I just don't think you can.
• 45:13
  [SPEAKER_03]: No, it's a bent.
• 45:14
  [SPEAKER_03]: It's a bend the knee moment.
• 45:15
  [SPEAKER_03]: I mean, he has to make some type of public statement at this point.
• 45:19
  [SPEAKER_03]: Next time he's on one of those panels are getting interviewed by the New York Times or whatnot.
• 45:24
  [SPEAKER_03]: He's been so negative and then to roll out a program that's backed by JP Morgan Chase that you're now redeeming rewards for, you know, it's not just Bitcoin, Brian, and it's all coins.
• 45:34
  [SPEAKER_03]: It's stable coins.
• 45:35
  [SPEAKER_03]: It's like, it's, I think it's huge.
• 45:37
  [SPEAKER_03]: I mean, I went on a little memes for yesterday.
• 45:39
  [SPEAKER_03]: You can see here he's getting knighted.
• 45:42
  [SPEAKER_03]: I can share, I can share this one here.
• 45:44
  [SPEAKER_03]: We have a Jamie Diamond walking and getting knighted by the other Bitcoin army here.
• 45:49
  [SPEAKER_03]: Rise.
• 45:51
  [SPEAKER_03]: And we bound to the chain.
• 45:54
  [SPEAKER_03]: Eton.
• 45:58
  [SPEAKER_03]: Rise.
• 45:59
  [SPEAKER_03]: What an absolute legend.
• 46:01
  [SPEAKER_03]: He's got his cloak there of all the different altcoins.
• 46:04
  [SPEAKER_03]: I mean, dare I say it.
• 46:06
  [SPEAKER_03]: Dare I say it alive on air.
• 46:07
  [SPEAKER_03]: Guys, Jamie Diamond has just become a crypto bro.
• 46:10
  [SPEAKER_03]: We might have to send him a slip dip and rip t-shirt.
• 46:13
  [SPEAKER_01]: I think that I would love as much as I would love to see him bend the knee and come out and say I'm all in on crypto.
• 46:20
  [SPEAKER_01]: I want to see Peter.
• 46:21
  [SPEAKER_01]: I think his name was Peter Zaihan, the guy who went on Joe Rogan and just trashed Bitcoin for like fifteen.
• 46:27
  [SPEAKER_01]: Oh man.
• 46:28
  [SPEAKER_01]: What happened?
• 46:29
  [SPEAKER_03]: We always say what happened to that guy.
• 46:30
  [SPEAKER_03]: It's not that clip around all the time.
• 46:31
  [SPEAKER_03]: I haven't seen him.
• 46:32
  [SPEAKER_03]: That's been tough.
• 46:34
  [SPEAKER_01]: He had a lot of hot takes on that podcast, but I think his hottest take obviously had to have been that
• 46:39
  [SPEAKER_01]: Crypto's worthless.
• 46:40
  [SPEAKER_01]: It's going to zero.
• 46:41
  [SPEAKER_01]: It's never going to do this in that.
• 46:42
  [SPEAKER_01]: And like, I just want to see an update on him and him just be like, yeah, it was wrong.
• 46:48
  [SPEAKER_01]: Unfortunately, things that a lot of the times, I think people are like, so ego struck by these events that they just won't.
• 46:55
  [SPEAKER_01]: It's like the same thing with, uh, with Peter Schiff, right?
• 46:59
  [SPEAKER_01]: Is he ever going to come out and say Bitcoin's a fantastic asset?
• 47:03
  [SPEAKER_01]: Probably not, but
• 47:06
  [SPEAKER_03]: Yeah, at least for at least for Shifty, he engages with the community and kind of like a trolling way.
• 47:12
  [SPEAKER_03]: So I'll give him credit there where, you know, he's very social media focused and smart and he's built his brand around it.
• 47:21
  [SPEAKER_03]: So he's gone to like he spoke at Bitcoin conferences, like I think his whole Bitcoin experience, even if he missed out on the investments, he's obviously a very successful guy.
• 47:30
  [SPEAKER_03]: and crushes it on social media and kind of has I think fun with it even though maybe in the beginning he was more serious about hating Bitcoin I think now it's more of a part of you know his branding exercise basically so I think
• 47:45
  [SPEAKER_03]: Oh yeah dude, I just, I need more.
• 47:48
  [SPEAKER_03]: Like this can't be the end of the story.
• 47:49
  [SPEAKER_03]: I really, I need more.
• 47:50
  [SPEAKER_03]: Like I need to hear from Jamie Diamond.
• 47:52
  [SPEAKER_03]: Like we're offering credit card crypto rewards.
• 47:57
  [SPEAKER_03]: I just, I need more.
• 47:58
  [SPEAKER_03]: I need to hear from him.
• 47:59
  [SPEAKER_03]: Cause you can't speak like that.
• 48:01
  [SPEAKER_03]: Like, okay, that was what two years ago that wasn't that long ago.
• 48:04
  [SPEAKER_03]: Like, oh, crypto, the only use case is it's for criminals.
• 48:07
  [SPEAKER_03]: It's like, okay.
• 48:09
  [SPEAKER_03]: Well, what, what are you doing?
• 48:12
  [SPEAKER_03]: Like, what are you doing with this credit card?
• 48:15
  [SPEAKER_03]: Um, I'm not even going to dive into, you know, there's there's some files and the sky that had an island and he was banked by JP more.
• 48:22
  [SPEAKER_03]: When I'm going to dive into that, we don't want to get this podcast flag, but um, I need more.
• 48:27
  [SPEAKER_03]: I need to hear from Jamie Diamond on it.
• 48:28
  [SPEAKER_03]: So we'll stay a prize and and keep it going, but um,
• 48:31
  [SPEAKER_03]: We got some hot takes to end the show here.
• 48:33
  [SPEAKER_03]: What do we run it?
• 48:34
  [SPEAKER_03]: No, go ahead.
• 48:35
  [SPEAKER_03]: Yeah, quick.
• 48:35
  [SPEAKER_01]: No, I just checked back on, I think his name is Peter's Zion, Zeehan.
• 48:40
  [SPEAKER_01]: I don't know how to pronounce that.
• 48:41
  [SPEAKER_01]: Yeah, how's he doing?
• 48:42
  [SPEAKER_01]: He's posting videos every single day still on his YouTube channel.
• 48:46
  [SPEAKER_01]: He's got about nine hundred thousand subscribers.
• 48:50
  [SPEAKER_01]: But posting every single day and it's usually like him deep out in the nature, just talking like geopolitics.
• 48:58
  [SPEAKER_01]: And he's still going strong.
• 49:00
  [SPEAKER_01]: I was going through all of his videos to see if he had anything related to crypto or Bitcoin or anything.
• 49:06
  [SPEAKER_01]: And there's just nothing.
• 49:08
  [SPEAKER_01]: Like the topic in all of geopolitics and crypto and all that, there's nothing in correlation to Bitcoin or crypto.
• 49:15
  [SPEAKER_01]: And so maybe that whole conversation is just buried forever.
• 49:21
  [SPEAKER_01]: But I see him talk about all these different things in the stock market and the tariffs and steel and aluminum and metals.
• 49:28
  [SPEAKER_03]: rates in jpe how and there's all these other videos but nothing about crypto so yeah you got to uh... i mean that's what you got to do you just got to keep pushing on you have a bad take i mean you got to give it wasn't a historically bad take but when you give bad takes we've all had them just kind of at least i guess we should he should acknowledge it and it because it's that bad of a take but you got to move forward so yeah
• 49:51
  [SPEAKER_03]: I guess as long as he's doesn't, I doubt he'll venture into the crypto lane anytime soon the way the way his channels look in its own way.
• 50:00
  [SPEAKER_03]: Yeah, that would be fun.
• 50:01
  [SPEAKER_03]: I'll be a good time.
• 50:02
  [SPEAKER_03]: Yeah, I'll be a good time to get him on.
• 50:04
  [SPEAKER_03]: But let's, I mean, dude, how about us pushing up a fifty minutes here, another epic epic two day we run down?
• 50:11
  [SPEAKER_03]: But we have fun.
• 50:12
  [SPEAKER_03]: And these things veer off where we don't necessarily expect it sometimes.
• 50:16
  [SPEAKER_03]: But let's do some quick hitters here.
• 50:19
  [SPEAKER_03]: Again, wrapping up with ease.
• 50:20
  [SPEAKER_03]: We kind of, you know,
• 50:22
  [SPEAKER_03]: This has been an eath bullish podcast now for about two months.
• 50:26
  [SPEAKER_03]: We gave you the narrative We saw Wall Street doing it with all these treasury companies and then the robin announced with arbitrum that layer two So let's just give you a little eath nugget and then we'll give you a Bitcoin nugget and then we're gonna get out of here and we're gonna see you next week So are also if there's any questions on the YouTube start dropping them in we can we can hit a couple maybe on our way out, but
• 50:47
  [SPEAKER_03]: Let's start with our eighth nugget Brendan ETF flows.
• 50:51
  [SPEAKER_03]: Unbelievable record.
• 50:52
  [SPEAKER_03]: I break in records here.
• 50:53
  [SPEAKER_03]: What do you see him?
• 50:55
  [SPEAKER_01]: and destroying.
• 50:57
  [SPEAKER_01]: We talked about it last week or maybe at the start of this week about how at the area had outpaste all of its inflows from the past twelve months and the first like three weeks of July.
• 51:07
  [SPEAKER_01]: Now you look at it and it's just completely blown away those numbers.
• 51:13
  [SPEAKER_01]: Ethereum is ending around five and a half billion dollars in net inflows for July.
• 51:19
  [SPEAKER_01]: Of course we still have today and there's still some time left.
• 51:22
  [SPEAKER_01]: But just a ridiculous amount.
• 51:25
  [SPEAKER_01]: And I think that if you would have said this at any other point before July, someone would have looked at you and said you're crazy.
• 51:32
  [SPEAKER_01]: You know, and I think the previous highest month that the Ethiopian flows have ever had was around like two billion.
• 51:40
  [SPEAKER_01]: you go and we're doing almost, we'll probably do almost triple that by the end of this month.
• 51:46
  [SPEAKER_01]: So if we see any kind of sustained buying pressure that is remotely close to what we have seen in the ETFs this month, if we see anything even remotely close to that for the rest of this year, ETH will be at new all-time highs.
• 51:59
  [SPEAKER_01]: That's my idea.
• 52:02
  [SPEAKER_03]: I love it, man.
• 52:03
  [SPEAKER_03]: I mean, I'm got nothing to add other than
• 52:07
  [SPEAKER_03]: the crypto bagel and the crypto bagel is a milestone sentimental moment for the theorem community for the crypto community is a whole the crypto bagel gave us belief gave us faith gave us strength when we weren't sure if we're going to be able to break this four thousand you ever get to work out don't make sure you eat make sure you hydrate make sure you fuel
• 52:29
  [SPEAKER_03]: The crypto bagel is giving us fuel to repelist all new all-time highs on the back of all the beautiful stats that Brendan gave you.
• 52:34
  [SPEAKER_03]: I think the stats are important.
• 52:36
  [SPEAKER_03]: The ETFs are important, but I personally think as we put on that chart, the crypto bagel might be the most important thing, uh, propelling us into Q four.
• 52:44
  [SPEAKER_03]: So we're going to, uh, keep that on the chart.
• 52:48
  [SPEAKER_03]: Uh, there might be some t-shirts available as well.
• 52:50
  [SPEAKER_03]: for the crypto baggle, but it's something that we're gonna watch, but I think just as important as all those stats is the baggle, but, you know, thank you for pulling those stats Brendan.
• 53:00
  [SPEAKER_03]: Let's do our Bitcoin nugget here.
• 53:02
  [SPEAKER_03]: So the Bitcoin nugget, obviously around Michael Sailer, as it is every week, Michael Sailer putting his dots every Sunday buying Bitcoin on the weekly it seems.
• 53:12
  [SPEAKER_03]: But he posted this last night, it caught my eye.
• 53:14
  [SPEAKER_03]: It said this will be the most important event in the history of strategy.
• 53:18
  [SPEAKER_03]: If you're interested in Bitcoin, our micro strategy or strategy, you should join.
• 53:22
  [SPEAKER_03]: And that's the earnings call today.
• 53:24
  [SPEAKER_03]: So this afternoon, five to six, thirty PM Eastern Thursday, July, thirty first.
• 53:29
  [SPEAKER_03]: A little bit of a teaser.
• 53:30
  [SPEAKER_03]: Again, I think we were let down by the crypto report.
• 53:33
  [SPEAKER_03]: So I'm not getting my hopes up here.
• 53:35
  [SPEAKER_03]: I have no idea what it might be.
• 53:37
  [SPEAKER_03]: I just feel like he usually doesn't promote the earnings call.
• 53:41
  [SPEAKER_03]: He just kind of does the graphic tweet where he gives you the stats around it and how much.
• 53:45
  [SPEAKER_03]: Bitcoin, they bought and the Bitcoin percentages and the stats around the operations of the company with Bitcoin.
• 53:53
  [SPEAKER_03]: He doesn't usually promote the call.
• 53:57
  [SPEAKER_03]: Do you agree with that statement?
• 54:00
  [SPEAKER_03]: Any thoughts of what this could be for historic earnings call?
• 54:04
  [SPEAKER_01]: I don't.
• 54:06
  [SPEAKER_01]: Maybe they have a new product or some sort of new data point or some sort of new accumulation plan.
• 54:14
  [SPEAKER_01]: I really don't know.
• 54:14
  [SPEAKER_01]: The sky's the limit.
• 54:18
  [SPEAKER_01]: Listen, you know, when it comes to treasuries, they are the founding treasuries, you know, they're the biggest, they're the number one out there that the earliest people who started doing it.
• 54:28
  [SPEAKER_01]: I don't know, they have been pretty innovative with new products, so maybe it's something along those lines.
• 54:32
  [SPEAKER_01]: Maybe it's like a new accumulation plan.
• 54:35
  [SPEAKER_01]: I'm like, oh, we're going to accumulate this much over the next year or five years.
• 54:40
  [SPEAKER_01]: I don't really know, but I'll definitely be keeping an eye on it because with someone of their size, you know, that it does have the potential impact to
• 54:49
  [SPEAKER_01]: to push things higher.
• 54:51
  [SPEAKER_03]: Love it.
• 54:51
  [SPEAKER_03]: And all right, we got two questions that came in.
• 54:53
  [SPEAKER_03]: We're going to hit them real quick.
• 54:54
  [SPEAKER_03]: So I'll lead it off.
• 54:56
  [SPEAKER_03]: Brendan, I'm going to toss it to you for a quick hit.
• 54:58
  [SPEAKER_03]: So we got Jason here.
• 55:00
  [SPEAKER_03]: Jason, what's going on, man?
• 55:03
  [SPEAKER_03]: Need to figure out what happened with this latest dip?
• 55:06
  [SPEAKER_03]: Are we just seeing a launch starting today?
• 55:08
  [SPEAKER_03]: Patterns started to show for Thursdays.
• 55:11
  [SPEAKER_03]: So I guess just a preface that Jason Brennan will give you a quick hot take.
• 55:15
  [SPEAKER_03]: Definitely go back when we're done with the live, go back to the beginning, beginning of the show like ten minutes in.
• 55:21
  [SPEAKER_03]: Brendan did technical analysis and kind of broke that down for you.
• 55:24
  [SPEAKER_03]: But just a quick thought for Jason, seeing anything specific to Thursday's Brendan or is this a launch pad higher?
• 55:31
  [SPEAKER_03]: I know you kind of broke it down earlier, but just a quick take there.
• 55:34
  [SPEAKER_01]: Nothing too specific that there is days.
• 55:36
  [SPEAKER_01]: I don't think there is days have any kind of like a significant.
• 55:40
  [SPEAKER_01]: You know, there is the possibility for a dip here, maybe a little bit lower.
• 55:44
  [SPEAKER_01]: I wouldn't be too surprised by it.
• 55:47
  [SPEAKER_01]: And I think that if we do get a dip, it is like the ideal by buying opportunity in my opinion.
• 55:53
  [SPEAKER_01]: kind of the way that I look at this is I would love to see a slip dip in a rip, but I wouldn't be surprised if something comes out Bitcoin just skyrockets higher and like I wouldn't be surprised by that either so you know it does look like pressure is building a little bit to like the short-term downside at the moment, but ultimately time will tell and at any moment the crypto market can just say screw that I'm becoming bullish and buyers flood in.
• 56:17
  [SPEAKER_03]: Yeah, couldn't agree more.
• 56:19
  [SPEAKER_03]: Thanks for tuning in Jason.
• 56:20
  [SPEAKER_03]: Please subscribe.
• 56:21
  [SPEAKER_03]: It's my first time seeing you in the chat.
• 56:22
  [SPEAKER_03]: Hope to see a lot more.
• 56:23
  [SPEAKER_03]: And for everybody still here, appreciate you guys listening.
• 56:26
  [SPEAKER_03]: Give the video a like.
• 56:27
  [SPEAKER_03]: It really does help.
• 56:28
  [SPEAKER_03]: It helps the channel grow.
• 56:29
  [SPEAKER_03]: Give us a like.
• 56:30
  [SPEAKER_03]: And if you're not subscribed, make sure you subscribe.
• 56:32
  [SPEAKER_03]: Turn on the bell because we're going to be doing these lives a lot more.
• 56:35
  [SPEAKER_03]: Like we have been the last couple weeks.
• 56:37
  [SPEAKER_03]: And then we've got a question from the serge salute salute to you the serge welcome have not seen you either before So the serge Brandon we're gonna help mount he's a little lost I'm so lost with investing just started of course bought in on all the highs
• 56:50
  [SPEAKER_03]: and just kind of riding the waves hoping to break even, or sell and re-enter.
• 56:56
  [SPEAKER_03]: So, uh, Sarge, welcome to investing, man.
• 56:58
  [SPEAKER_03]: Uh, you're in the right spot for, you know, definitely the crypto markets and getting kind of that one-on-one level to crypto.
• 57:04
  [SPEAKER_03]: Um, you know, the good thing is is that you started.
• 57:07
  [SPEAKER_03]: I think that's the most important thing.
• 57:08
  [SPEAKER_03]: You're, you know, you got a lot to learn, obviously.
• 57:11
  [SPEAKER_03]: And it's not always going to be straight up, but the best thing to do is starting.
• 57:15
  [SPEAKER_03]: And, um,
• 57:17
  [SPEAKER_03]: So, and his thing is, what are the top three cryptos expected to take off?
• 57:20
  [SPEAKER_03]: So, we can't really give those out to you because it can't be personal financial advice to you on the top three cryptos that you want.
• 57:28
  [SPEAKER_03]: I have one suggestion.
• 57:30
  [SPEAKER_03]: If you're interested, these are always going to be free.
• 57:31
  [SPEAKER_03]: We're doing these three, four times a week, so we want to see you here all the time.
• 57:35
  [SPEAKER_03]: If you're interested in kind of the portfolio of Brendan and Bryce and the team, if you scroll down, there's a link and we have a one dollar promo.
• 57:42
  [SPEAKER_03]: You can click that link and you can get, you know, our portfolio that we kind of recommend for beginners.
• 57:46
  [SPEAKER_03]: So scroll down check out that link if you're interested.
• 57:49
  [SPEAKER_03]: If not, we'll be here for you to kind of help educate you, but Brendan, any tips or tricks for the serge just starting out.
• 57:55
  [SPEAKER_03]: Just starting out here.
• 57:56
  [SPEAKER_01]: Yeah, you know, what I'll say here is serge is, yeah, like Tiva said, welcome.
• 58:00
  [SPEAKER_01]: It's good to have you, man.
• 58:02
  [SPEAKER_01]: My thoughts here are, number one, we, again, nothing we say here is financial advice.
• 58:08
  [SPEAKER_01]: But number two is when it comes to investing, typically speaking, my thought process the way that I like to play the market says, I,
• 58:18
  [SPEAKER_01]: don't like to buy all time highs.
• 58:20
  [SPEAKER_01]: It can be really scary and risky to come in at a time where we're at all time highs.
• 58:25
  [SPEAKER_01]: Now, I think if we pull back away from those a little bit or a lot, then it makes a lot more sense.
• 58:30
  [SPEAKER_01]: So generally the way that I like to put the markets, I'm a trader, you know, I do investing as well, but, you know, as
• 58:38
  [SPEAKER_01]: Bitcoin and crypto pulls back.
• 58:40
  [SPEAKER_01]: I think if you are new, number one, don't over complicate it.
• 58:43
  [SPEAKER_01]: You know, people will tell you all these crazy altcoins and stuff to get into.
• 58:47
  [SPEAKER_01]: I think stick to maybe the top ten top twenty cryptos at the most.
• 58:52
  [SPEAKER_01]: I really want to go to outside of that pool until you're really, really familiar with crypto and what you're getting yourself into.
• 58:58
  [SPEAKER_01]: But I think start high level.
• 58:59
  [SPEAKER_01]: You know, start high level.
• 59:01
  [SPEAKER_01]: wait for pullbacks to enter in, don't foam on at the all time high.
• 59:05
  [SPEAKER_01]: If it's, you know, if there's a pullback that's a different story, but also look at what is trending upwards.
• 59:10
  [SPEAKER_01]: The trend is your friend.
• 59:12
  [SPEAKER_01]: If something has not been trending upwards since maybe April, I would say maybe look for something that has been trending upwards since April.
• 59:19
  [SPEAKER_01]: We've had a really solid market rally across the board and both the traditional financial markets and equities, but also in crypto especially.
• 59:28
  [SPEAKER_01]: So most crypto should have been rallying since
• 59:32
  [SPEAKER_01]: April, like pretty pretty well.
• 59:34
  [SPEAKER_01]: So I'd also use that as a little bit of a compass.
• 59:36
  [SPEAKER_01]: Like, all right, how has it been performing since April?
• 59:40
  [SPEAKER_01]: Is it at all time highs right now?
• 59:42
  [SPEAKER_01]: Or is it pulling back a little bit if it's pulling back great?
• 59:46
  [SPEAKER_01]: And yeah, and then just don't over complicate it.
• 59:49
  [SPEAKER_01]: So those are some of my top tips for beginners.
• 59:56
  [SPEAKER_03]: Yeah, I think you're such a seasoned and successful trader that it's great to hear from you in your opinion.
• 1:00:05
  [SPEAKER_03]: But I also think that when it comes to just kind of getting started and involved, there's stats around buying all-time highs for the S&P and it's like if you buy every all-time high, the S&P, one, three and five years later, you're
• 1:00:18
  [SPEAKER_03]: you're up like, you know, eighty, ninety percent of the time, some crazy stats.
• 1:00:22
  [SPEAKER_03]: Same thing with Bitcoin, shorter history.
• 1:00:24
  [SPEAKER_03]: So you can't necessarily compare that history to this B-five hundred.
• 1:00:27
  [SPEAKER_03]: But you got to learn, you got to educate, and you got to find your strategy.
• 1:00:32
  [SPEAKER_03]: And we would love to be a part of your education process.
• 1:00:36
  [SPEAKER_03]: I think, you know, we got this YouTube channel, the podcast.
• 1:00:38
  [SPEAKER_03]: So you're in the right spot, subscribe, come back to our lives.
• 1:00:41
  [SPEAKER_03]: And again, check out those links below if you're interested in
• 1:00:44
  [SPEAKER_03]: learning more and getting more exposure to Brendan and the team as a whole.
• 1:00:48
  [SPEAKER_03]: Um, you know, that's what we do.
• 1:00:49
  [SPEAKER_03]: We're here every day doing this stuff.
• 1:00:51
  [SPEAKER_03]: So it's all about education and just, uh, you got to start somewhere.
• 1:00:55
  [SPEAKER_03]: So I think, you know, by taking the leap and getting started, you're in the right place, but just make sure you educate and make sure you learn about risk management.
• 1:01:03
  [SPEAKER_01]: Yeah, hundred percent now.
• 1:01:04
  [SPEAKER_01]: So, you know, I was saying one in doubt zoom out.
• 1:01:08
  [SPEAKER_01]: So if you're looking out of crypto that you hold, uh,
• 1:01:11
  [SPEAKER_01]: use that saying one end out go to a chart zoom out a lot if the asset is only depreciating over the long term over the last couple years it's probably not a great asset um the majority of the time
• 1:01:25
  [SPEAKER_01]: So use that as a, you know, use that how you will.
• 1:01:28
  [SPEAKER_01]: Again, nothing we say here is financial advice of any kind, but one endowed zoom out.
• 1:01:32
  [SPEAKER_01]: That's why we like Bitcoin.
• 1:01:33
  [SPEAKER_01]: So why we like a lot of crypto so much is because we can zoom out.
• 1:01:37
  [SPEAKER_01]: We can see, okay, hey, you know, regardless of the short term, they're going to have dips in this and that.
• 1:01:41
  [SPEAKER_01]: We like to buy them on dips because the long terms to the upside and I think that's where Bitcoin does so so well.
• 1:01:48
  [SPEAKER_01]: So
• 1:01:49
  [SPEAKER_03]: Yeah, wow, Brandon, another hour episode, unbelievable.
• 1:01:53
  [SPEAKER_03]: But yeah, it's the norm, and I think he's just trying to be a fun doing it.
• 1:01:56
  [SPEAKER_03]: And shout out to everybody in the chat, a lot of new names today.
• 1:01:59
  [SPEAKER_03]: I'm kind of half of me's super excited.
• 1:02:01
  [SPEAKER_03]: Half of me's a little sad, because I feel like we didn't see our normal DNT NFT and all the other friends that have been here literally every day.
• 1:02:08
  [SPEAKER_03]: Must be busy, busy Thursday, they're getting after it.
• 1:02:10
  [SPEAKER_03]: I'm sure they'll catch the replay.
• 1:02:11
  [SPEAKER_03]: But super pumped to see all the new names, guys, and a huge viewer count, huge,
• 1:02:18
  [SPEAKER_03]: you know chat interaction so if you're new here last call please like the video subscribe it helps a ton hit the notifications turn the bell on we're doing at least two days of these a week if not three with Brian and Joe it's it's been super fun two weeks we want to do it for two weeks but these episodes are so long it feels like we've been doing it more and and the the numbers man then I'm all you know me I'm all about the numbies the numbers have been super awesome so thank you guys
• 1:02:45
  [SPEAKER_01]: spot on.
• 1:02:46
  [SPEAKER_01]: Well, hey, we appreciate everyone coming in here.
• 1:02:48
  [SPEAKER_01]: We're going to continue to pump these out every single week.
• 1:02:51
  [SPEAKER_01]: Next week, I guess, there's a little bit of a caveat.
• 1:02:53
  [SPEAKER_01]: I'm not going to be around next week, but Tvo, you are.
• 1:02:57
  [SPEAKER_01]: Yeah.
• 1:02:57
  [SPEAKER_01]: Yeah.
• 1:02:57
  [SPEAKER_03]: Yeah.
• 1:02:57
  [SPEAKER_03]: Yeah.
• 1:02:58
  [SPEAKER_03]: I'm going to be around.
• 1:02:59
  [SPEAKER_03]: I might bring one of guests.
• 1:03:00
  [SPEAKER_03]: So we might have a guest on Monday.
• 1:03:02
  [SPEAKER_03]: So we might only do two again next week.
• 1:03:04
  [SPEAKER_03]: I might bring a special guest to do a rundown with and then definitely have one with Brian and Joe.
• 1:03:09
  [SPEAKER_03]: Maybe I'll tap Bryce if we can get him on.
• 1:03:12
  [SPEAKER_03]: I so busy, but we're going to have that great interview with Bryce on Tuesday.
• 1:03:15
  [SPEAKER_03]: I'm not sure exactly who it is.
• 1:03:18
  [SPEAKER_03]: So I can't tease that quite yet.
• 1:03:21
  [SPEAKER_03]: Maybe Franklin Templeton.
• 1:03:23
  [SPEAKER_03]: Franklin Templeton.
• 1:03:24
  [SPEAKER_03]: Hey, big, big.
• 1:03:25
  [SPEAKER_03]: Laser eyes.
• 1:03:26
  [SPEAKER_03]: Laser eyes on Benjamin Franklin for Franklin Templeton.
• 1:03:29
  [SPEAKER_03]: So yeah, a great week of content.
• 1:03:32
  [SPEAKER_03]: And enjoy your time, Brendan.
• 1:03:34
  [SPEAKER_03]: I hope the market's rip while you're gone.
• 1:03:36
  [SPEAKER_03]: And we get you, get you back.
• 1:03:38
  [SPEAKER_03]: Super excited to hear about your travel trip and continue on into the fall with a lot of momentum.
• 1:03:45
  [SPEAKER_01]: Likewise, man.
• 1:03:46
  [SPEAKER_01]: Well, thank you all for tuning in here.
• 1:03:48
  [SPEAKER_01]: We appreciate all of your time, and we'll see all of you next week in another video.
• 1:03:53
  [SPEAKER_01]: Take care.