[SPEAKER_02]: All right, everyone.
[SPEAKER_02]: Welcome back to the crypto rundown where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology.
[SPEAKER_02]: From the fundamentals and the news to the technicals on the charts, we spend the time doing hours of research so that you all don't have to, and then we package it perfectly, perfectly together, and under an hour.
[SPEAKER_02]: Typically speaking, we tried to.
[SPEAKER_02]: We bring it to you completely for free.
[SPEAKER_02]: So welcome back.
[SPEAKER_02]: It's good to have all of you here.
[SPEAKER_02]: We got another great week as crypto is pushing higher.
[SPEAKER_02]: I saw a Bitcoin is breaking through around a hundred and nineteen thousand this morning.
[SPEAKER_02]: ETH was getting up to around thirty nine hundred and peaked its head over that that's a big milestone all quins are sailing back to the upside in man.
[SPEAKER_02]: It's just another one of those weeks where there's just so much adoption and I know I know we come in here every single week and we say there's so much happening in this and that.
[SPEAKER_02]: But there seriously is, and we're at this super interesting point in crypto where everything is focused on growth and adoption, and a lot of this has to do with not only what we want as retail, but what's happening on the institutional side and over with in governments.
[SPEAKER_02]: And so we got a lot that we want to break down today, a quick little overview of what we're going to be talking about.
[SPEAKER_02]: is, again, just the growth that we are seeing, how everyone wants to stablecoin everyone's getting in on this action.
[SPEAKER_02]: There's more names that we need to talk about in today's episodes.
[SPEAKER_02]: There's trade deals coming in left and right, which is making these risk on investors come back to all different forms of traditional and decentralized risk on assets.
[SPEAKER_02]: There's recent trade deals from the EU, Japan, Indonesia, Philippines,
[SPEAKER_02]: And we got a big old week coming up pretty soon here from Mr. Jerome Powell.
[SPEAKER_02]: Will he cut rates?
[SPEAKER_02]: Will he not cut rates?
[SPEAKER_02]: We're going to talk about that.
[SPEAKER_02]: We're going to get some info.
[SPEAKER_02]: And a lot is hinging on this.
[SPEAKER_02]: It's also a big week for earnings.
[SPEAKER_02]: And on top of this, Ethereum is just shattering record after record.
[SPEAKER_02]: There's all new sorts of volume and inflow records, all these different these strategies, right, that are just accumulating as much Ethereum as possible.
[SPEAKER_02]: They're not slowing down.
[SPEAKER_02]: We want to look at some of the numbers on both these Bitcoin and Ethereum strategies.
[SPEAKER_02]: Galaxy is dumped about another nine billion dollars on Bitcoin.
[SPEAKER_02]: And the price barely even moved.
[SPEAKER_02]: We want to make sure that we walk all of you through the fear and greed index.
[SPEAKER_02]: And there's a little something special at the end for all of you who stick around.
[SPEAKER_02]: So welcome everyone.
[SPEAKER_02]: It's good to have you back.
[SPEAKER_02]: Quick reminder that this is our second week of doing by weekly episodes every single Monday and Thursday.
[SPEAKER_02]: Roughly around the ten AM area.
[SPEAKER_02]: So if you're a recurring member, it's good to have you.
[SPEAKER_02]: And of course, I cannot do this without my good buddy Tvo.
[SPEAKER_04]: Yes, good morning, bread and very excited.
[SPEAKER_04]: Week, great reactions last week.
[SPEAKER_04]: We had a great time in the chat last week.
[SPEAKER_04]: Good morning, everybody in the chat.
[SPEAKER_04]: Good morning to Neptune.
[SPEAKER_04]: Good morning to fits.
[SPEAKER_04]: Good morning to will.
[SPEAKER_04]: We have will in the chat as well.
[SPEAKER_04]: And my apologies.
[SPEAKER_04]: I'm coming through a little blurry.
[SPEAKER_04]: I'm on a, I'm on family vacation, but that won't stop us from doing another three episodes this week.
[SPEAKER_04]: We just might have a little bit weaker internet than we're used to, but there's a, there's a lot of,
[SPEAKER_04]: Yeah, I think a lot of macros stuff to talk about, which is going to lead.
[SPEAKER_04]: I know you're going to do a little forget the charts first to get us warmed up, but yeah excited to talk about
[SPEAKER_04]: Some rate cuts hopefully, but probably not this week.
[SPEAKER_04]: And then earnings, the macro earnings kind of going to set the table for the tech sector.
[SPEAKER_04]: But underneath the surface, we were just talking about it pre show.
[SPEAKER_04]: Yeah, Ethereum was kissing thirty nine hundred just a little kiss one night out just a little date.
[SPEAKER_04]: We got our home before midnight and then looking for a breakout.
[SPEAKER_04]: I think we're all kind of excited and waiting and hoping that's the trend that we're going.
[SPEAKER_04]: It's going to be exciting episode.
[SPEAKER_04]: The chat's already rocking this morning and let's get after it.
[SPEAKER_02]: Yeah, let's do it, man.
[SPEAKER_02]: I mean, she's what a freaking couple months it has been since April.
[SPEAKER_02]: It's just been a non-stop rocket ship essentially since April.
[SPEAKER_02]: It's been a series of good news, positive fundamentals, positive technicals, and it just doesn't starve.
[SPEAKER_02]: And over the weekend, we got one of the big things that I know that risk on investors were waiting for, which is a trade deal with the EU.
[SPEAKER_02]: Everyone thought, oh, it's never gonna happen with Japan.
[SPEAKER_02]: It's not gonna happen with EU.
[SPEAKER_02]: They're gonna keep getting pushed out.
[SPEAKER_02]: And what we've seen so far is like, you know, the bulk of the trade deals are done.
[SPEAKER_02]: You know, yeah, there's probably a few left out there.
[SPEAKER_02]: I know people are still looking at China and maybe how that affects the semiconductor markets and how that then affects crypto and miners and stuff like that.
[SPEAKER_02]: But beyond that, the bulk of the big deals are done and you look at what's happened.
[SPEAKER_02]: And so what this means is that a lot of these risk on investors are more comfortable investing because all of these fears that they had in the first half of the year are pretty much going away, right?
[SPEAKER_02]: I mean, you look at the fear of inflation.
[SPEAKER_02]: You look at the fear of maybe a new administration and what kind of policy changes can just happen.
[SPEAKER_02]: You look at the fear of all these trade deals.
[SPEAKER_02]: Are they actually going to happen?
[SPEAKER_02]: Are they going to resolve?
[SPEAKER_02]: Is it going to be good?
[SPEAKER_02]: Is it going to be bad?
[SPEAKER_02]: You will get just a lot of the different things that have happened.
[SPEAKER_02]: The AI scares the wars.
[SPEAKER_02]: And like just about everything has resolved for arguably the better.
[SPEAKER_02]: Um, and so when you look at the financial markets right now, especially risk on assets, people are saying, okay, well, what really do I have left to fear?
[SPEAKER_02]: And I think the only thing that you could maybe fear at this point is the fact that Jim Cramer is becoming increasingly more bullish on the crypto market.
[SPEAKER_04]: Did you just see that?
[SPEAKER_04]: Did you see the text that Bryce threw in the group chat?
[SPEAKER_02]: I saw it.
[SPEAKER_02]: Oh, I got it.
[SPEAKER_04]: God, he's coming.
[SPEAKER_04]: He's coming for the hood.
[SPEAKER_04]: I think we talked about that a couple weeks ago when he put it on his park your money.
[SPEAKER_04]: He made a new acronym called Park or something like that and it was it was hood was involved in that.
[SPEAKER_04]: It was like Palantir and a couple other you know park your money.
[SPEAKER_04]: Yeah, no, never don't say that Brendan don't throw in the towel listen Hey opposite take listen.
[SPEAKER_04]: It is fun to do the reverse cramer I know it works a lot, but he did name his dog in video like a decade ago So you know, you know, you know, they could and his dog has since passed RIP to that nice pop.
[SPEAKER_04]: I'm sure
[SPEAKER_04]: and in video has definitely broken out and is now like the number one stock that everybody wants to own, right?
[SPEAKER_04]: So he needs, he needs another one.
[SPEAKER_04]: Maybe he's do spin zone.
[SPEAKER_04]: I'm going to cut this and send this to Bryce.
[SPEAKER_04]: Spin zone, Bryce, maybe he's do hood to the moon, hood earnings this week as well.
[SPEAKER_04]: But I totally agree with you.
[SPEAKER_04]: I think the the tariff thing we remember like liberation day when everything was down the dumps and all these, all these,
[SPEAKER_04]: You know, the inflation, everybody's worried inflation is going to come.
[SPEAKER_04]: It's going to be crazy.
[SPEAKER_04]: It's a doomsday event.
[SPEAKER_04]: We're kind of on the other side of that.
[SPEAKER_04]: And I guess it kind of goes into our fed segment that's coming up as well.
[SPEAKER_04]: But the data's not showing that.
[SPEAKER_04]: And you know, everybody thought it would be the end of the economic free world as we knew it.
[SPEAKER_04]: And it seems to be not the case.
[SPEAKER_04]: So yeah, the kind of a bullish setup with a swing of sentiment like that.
[SPEAKER_02]: Yeah, it definitely is.
[SPEAKER_02]: And I think a lot of people mainly the institutional side got it wrong.
[SPEAKER_02]: And you know, let's just take a look at the charts before we go to deep into the rest of the fundamentals and the news.
[SPEAKER_02]: Because there's a lot that we're going to talk about there.
[SPEAKER_02]: We're spending a lot of time on it.
[SPEAKER_02]: I mean, let's just briefly look at the charts because as we were talking, prices are coming back in a little bit to the downside.
[SPEAKER_02]: and I'm seeing this with Bitcoin and Ethereum in here.
[SPEAKER_02]: So the first thing I want to highlight is we always like to start high level and talk about Bitcoin first.
[SPEAKER_02]: But price for the most part, we're getting a little bit of choppyness now.
[SPEAKER_02]: But for the most part, what we had seen here was a little bit of a bull fly kind of painting on Bitcoin.
[SPEAKER_02]: What I mean by this is we saw this nice move to the upside and since then you can you know pretty clearly tell hey we've been seeing lower highs and we were seeing for the most part higher lows with one little wick which was immediately bought up but there's a little bit of a squeeze that was happening in here and I think you could still argue that it is happening but a little bit of a squeeze on Bitcoin where this range is getting tighter and tighter and tighter and tighter
[SPEAKER_02]: And when you have this after a move to the upside, you know, we call this typically a bull flag via a penit, which is what we're getting.
[SPEAKER_02]: So price action is squeezing and getting tighter.
[SPEAKER_02]: And as this squeeze continues, we'll probably see a pretty decent sized breakout or breakdown.
[SPEAKER_02]: in the not so distant future, like I would imagine, you know, probably this week.
[SPEAKER_02]: So big old squeeze happening here on Bitcoin after our most recent all-time high of a hundred and twenty three K. And so keep an eye on this.
[SPEAKER_02]: It's going to be a pretty important level.
[SPEAKER_02]: If we break out to the upside, we could probably see the upper one, twenties, maybe even one, thirty for Bitcoin.
[SPEAKER_02]: To the downside, we probably come back to our recent all-time high, closer to maybe like a hundred and eleven hundred and twelve thousand.
[SPEAKER_02]: and there's some decent support down in there.
[SPEAKER_02]: For Ethereum, again, coming back down into, are coming to the downside a little bit.
[SPEAKER_02]: I mean, this guy pushed up to thirty nine hundred, thirty nine forty, almost, almost thirty nine fifty on Ethereum.
[SPEAKER_02]: So three thousand nine hundred and forty bucks, coming a little bit back to the downside now about two and a half percent, as it's coming right down to around thirty seven eighty.
[SPEAKER_02]: And so,
[SPEAKER_02]: Both of these, you know, seeing a little bit of a bump yesterday on that trade deal news.
[SPEAKER_02]: But as we've said before on Ethereum, like this is a massive area of resistance, like arguably one of the biggest ones that I think people need to pay attention to.
[SPEAKER_02]: We've come over here before, and what we've seen was that a theorium fell thirty percent.
[SPEAKER_02]: We came back up into this level at theorium fell forty five percent.
[SPEAKER_02]: We came back into this level at theorium fell over sixty percent.
[SPEAKER_02]: And so we have these really sharp rejections here, here,
[SPEAKER_02]: And here, where Ethereum has just been getting clobbered off of this thirty-eight hundred to around four thousand dollar level.
[SPEAKER_02]: And so we're still up in here.
[SPEAKER_02]: And I think that we need to look at this and say, hey, acknowledge the fact this is a big resistance.
[SPEAKER_02]: We've struggled with this a couple of different times.
[SPEAKER_02]: And as we move forward, we just need to like keep an eye on that, right?
[SPEAKER_02]: Because that is
[SPEAKER_02]: A huge level of resistance, so I don't want to be a dead horse here, but keep a close eye on this for Ethereum.
[SPEAKER_02]: Solana, another one's getting a little bit of a push.
[SPEAKER_02]: This guy pushed over to a hundred.
[SPEAKER_02]: Now we're retesting its previous high.
[SPEAKER_02]: It's another one I'm looking at.
[SPEAKER_02]: XRP coming off new all-time highs.
[SPEAKER_02]: This is a unique one, Tvo, because I saw that they're founder Chris Larson.
[SPEAKER_02]: had just sold another two hundred million or not.
[SPEAKER_02]: Yeah, around two hundred million dollars worth of XRP on to the markets as well.
[SPEAKER_02]: And I'm going to go on a little bit of a rant here, right, Tiva and here's the deal.
[SPEAKER_02]: I'm going to probably make some of the XRP army mad.
[SPEAKER_02]: It's all right.
[SPEAKER_02]: Let me be, and I want to be transparent, right?
[SPEAKER_02]: We talk about the good of XRP.
[SPEAKER_02]: We talk about the bad of it.
[SPEAKER_02]: I own it.
[SPEAKER_02]: I own this thing.
[SPEAKER_02]: I trade it.
[SPEAKER_02]: I've done it since,
[SPEAKER_02]: But I got a bone to pick with him, right?
[SPEAKER_02]: As someone who holds it, right?
[SPEAKER_02]: I'm not a fanatic about the fundamentals.
[SPEAKER_02]: The way that Chris Larson and some of the other like top exact team has sold off their XRP has got to be some of the most careless that I've seen in history.
[SPEAKER_02]: I was doing some research.
[SPEAKER_02]: Chris Larson is far ahead.
[SPEAKER_02]: It's not even close.
[SPEAKER_02]: He has sold off more of his own token as a founder.
[SPEAKER_02]: than any other crypto founder and it's not even close billions and billions of dollars of his token and it's so far above what anyone else has done and so here's the deal founders are going to take profits they're going to sell of equity that's a normal thing the part that frustrates me is the quantity that he sells and proportion to the market cap the fact that he has been in lawsuits over this and the real part and again that's all kind of whatever the real part that frustrates me is his
[SPEAKER_02]: disregard for that actual token holders.
[SPEAKER_02]: When you look at how this is typically done on the traditional financial side, they have to file a, I think it's called like a ten B five dash one plan or something like that.
[SPEAKER_02]: And what it does is it structures and it says you are going to sell it announces it first of all, publicly saying there's going to be this much sold.
[SPEAKER_02]: It's going to be sold over this period.
[SPEAKER_02]: It's very structured.
[SPEAKER_02]: And it's not typically something that impacts retail traders directly.
[SPEAKER_02]: This is done through other methods, OTCDAS, typically not someone going in market smashing onto a retail exchange.
[SPEAKER_02]: The difference here with what Chris Larson is doing is that it's unannounced, it's not predicted, it's spontaneous, and it's onto retail investors through these public exchanges.
[SPEAKER_02]: And so when he's market smashing and selling like this onto retail investors, that is something that drastically impacts price more, and it also impacts the holders like the average retail person.
[SPEAKER_02]: I've got a bone to pick here and I think that as we move forward in mature and crypto, it's not like solely going to be in XRP problem, but I think as a general rule of thumb,
[SPEAKER_02]: There needs to be a more structured and regulated way to do this, um, similar to how the triad farm markets have it.
[SPEAKER_02]: Because when you have these events and you look at this and, I mean, it's just getting slapped off the highs, twenty percent from an event like this.
[SPEAKER_02]: Listen, I'm not saying it can't go higher.
[SPEAKER_02]: I think it's going to hit you all time highs.
[SPEAKER_02]: I think it's going to go higher.
[SPEAKER_02]: This thing has a lot of momentum.
[SPEAKER_02]: I would be shocked if from here.
[SPEAKER_02]: We don't see new all time highs.
[SPEAKER_02]: The bone that I have to pick is like the carelessness or maybe just the lack of empathy is at the right word of him going and just smashing onto his own investors.
[SPEAKER_02]: So again, I think it's a little bit careless, but
[SPEAKER_02]: That's my life.
[SPEAKER_04]: No, I agree with you.
[SPEAKER_04]: And we definitely get churped.
[SPEAKER_04]: We get churped a lot from the cheap seats in the comments for, you know, when XRP rockets and hits all new time highs, and we accelerate it.
[SPEAKER_04]: We accelerate it.
[SPEAKER_04]: There was a week or two ago, right?
[SPEAKER_04]: We celebrate.
[SPEAKER_04]: We want everybody to win in the space.
[SPEAKER_04]: It's more just, it's always interesting.
[SPEAKER_04]: And we say this every time how, you know, kind of our average friends that aren't really in the space at all.
[SPEAKER_04]: As soon as they want to talk about crypto, they ask about XRP and like, you can't really figure out how that happens.
[SPEAKER_04]: And it's more exactly the reason you explained why we're like, hey, we're not super big fans of the project, not that you can't go get a W. I mean, look, last week alone in the chat five markets, you could have made, you know, a hundred, you know, a hundred percent, one X, two X, your money on what was crispy cream, GoPro, calls on all the short squeezes, but that doesn't mean that they're long term fundamental plays.
[SPEAKER_04]: So, you know, there's always opportunity
[SPEAKER_04]: Basically, everywhere, depending on where and how and when you're making your trades or even quote unquote bets.
[SPEAKER_04]: But this one, if you just do a little bit of studying or you listen to Brendan on the run down here, you're going to find some tidbits of the pitfalls of a project like this.
[SPEAKER_02]: Yeah, and like here's the deal.
[SPEAKER_02]: I think, again, they have a lot of really good positives about them.
[SPEAKER_02]: You look at the ETF catalyst coming up.
[SPEAKER_02]: It's probably going to be a massive W. You look at, um, they're marketing, right?
[SPEAKER_02]: I've always said, I think they have the best marketing team in all of crypto.
[SPEAKER_02]: I do.
[SPEAKER_02]: Um, because like you said, you know, you talk to anybody who's new in a crypto, they're going to bring up XRP, like their fans has to get what they do.
[SPEAKER_02]: Um, and again, I'm saying this has a holder, right?
[SPEAKER_02]: I own XRP.
[SPEAKER_02]: I'm not talking, I'm like anti-talking my bags here, but I think we need to be critical so that we can see better results for the future.
[SPEAKER_02]: So even as a holder, even as someone who wants to see this appreciate, I think we can be self-reflective and critical to say, hey, things should change so that the future can be better, right?
[SPEAKER_02]: So I don't want it to come off as all being bad and I'm just talking down on XRP or whatever now.
[SPEAKER_02]: I want to see things change so that
[SPEAKER_02]: The future can be even better for a project like XRP.
[SPEAKER_02]: Again, as a holder, as someone owns it, as someone who's actively traded this thing for what, like, freaking seven, eight years now, alongside a lot of other cryptos.
[SPEAKER_02]: Let's just do better.
[SPEAKER_02]: And again, it's happening with XRP, so we address it here.
[SPEAKER_02]: But this is for all the crypto founders, because there have been other people who've done similar stuff, not to the same scale.
[SPEAKER_02]: But I think as crypto becomes more successful, there does need to be a more structured
[SPEAKER_02]: and accountable way to sell off positions as a founder.
[SPEAKER_02]: So anyway, that's my little bit of a rant there.
[SPEAKER_02]: I mean, regardless, here's the deal.
[SPEAKER_02]: It's bouncing off the twenty day moving average.
[SPEAKER_02]: It's bouncing off an area near its previous highs.
[SPEAKER_02]: We're seeing a lot of love here and just overall the crypto market.
[SPEAKER_02]: I know we've been seeing a little bit of a retracement in stuff, but like you look at a lot of these coins and they still look relatively healthy.
[SPEAKER_02]: SPX breaking out, height breaking out,
[SPEAKER_02]: you know, bunk doing, you know, relatively well.
[SPEAKER_02]: You look at paying you in the run that this thing is had consolidating after a thousand percent move to the upside.
[SPEAKER_02]: Just everything.
[SPEAKER_02]: So we're seeing a lot of positives here.
[SPEAKER_02]: I don't want to focus too much on the negatives.
[SPEAKER_02]: What I did see that and I had a long conversation with some of my friends and I just had to get it out of my system.
[SPEAKER_02]: I was like, you know, there has to be a better way to do this moving forward.
[SPEAKER_02]: So that's my two cents there.
[SPEAKER_02]: But anyway, yeah, let's move on into some of these other topics.
[SPEAKER_02]: We can get away from the charts and stuff.
[SPEAKER_02]: Maybe the last thing I'll say here is just that Bitcoin dominance is back on its way down, right?
[SPEAKER_02]: We saw the Bitcoin dominance chart just smashed through the two hundred-day moving average.
[SPEAKER_02]: And we rejected it here.
[SPEAKER_02]: What was this last Thursday?
[SPEAKER_02]: So a nice little rejection of that two hundred-day moving average.
[SPEAKER_02]: And this is a little bit different from what we've seen in the past.
[SPEAKER_02]: My big concern is like we've owned like in this entire Bitcoin dominance run that we see.
[SPEAKER_02]: And when we see this about every four years, the last time that we saw this was back at the end of December.
[SPEAKER_02]: And we peaked our head through here, looked like we were gonna get a full breakdown, and then we broke back above and continued to the upside.
[SPEAKER_02]: So long as we don't see a fake out like this, it looks like it's the real deal for all queen season, which is a good thing.
[SPEAKER_04]: Yeah, something that everybody's kind of been waiting for have been excited for and like you said, you know, since we've been doing the show for years now.
[SPEAKER_04]: We've, we've raised the flag a couple times, but haven't seen it come to fruition, so it'll be interesting to see if that momentum continues.
[SPEAKER_04]: But kind of, kind of, you're just transitioning into kind of some news flow here in the macro Monday, we'll call it a big week for the Fed.
[SPEAKER_04]: So the Fed has their new rate decision or next rate decision on Wednesday.
[SPEAKER_04]: The odds of them cutting or slim slim to none.
[SPEAKER_04]: So it looks like it's going to be another hold.
[SPEAKER_04]: It was very funny last week.
[SPEAKER_04]: There was the president president Trump went to go visit the Fed and kind of went face to face with Jerome Powell.
[SPEAKER_04]: very very funny for those of you who didn't see it let me see if I can Trump power pull it up they had the the hard hats on there's like construction at the fed it's you know some billion dollar project and president could trump was visiting after
[SPEAKER_04]: basically berating pal on on Twitter for or X for the last what two three months.
[SPEAKER_04]: So they had this I won't play the audio here, but it was it was it was pretty funny to see them together.
[SPEAKER_04]: It was after they put the the hard hats off but
[SPEAKER_04]: they were there together last week kind of kind of a power move in the sense that now he's doing the right decisions this week but for the most part people think it will be a hold and you know I think there's more there's growing there's growing calling for lowering rates obviously there's a handful of people that want to do it and so I found a clip from from the bond king
[SPEAKER_04]: This guy, this guy goes on TV every time they cut rates.
[SPEAKER_04]: He's, you know, made his money in the bond market.
[SPEAKER_04]: But, you know, the, the, the ray cuts have turned political.
[SPEAKER_04]: And so when we kind of start to get that political noise, you want to cut through the noise and look for the signal.
[SPEAKER_04]: And I think the most interesting signal you can find is these people, uh, long time veterans of Wall Street that are starting to call for ray cuts.
[SPEAKER_04]: for certain specific reasons, and it's not because of their political bias.
[SPEAKER_04]: So I got a short clip here of Rick Reader, Rick Reader, the Bond King, and let's see what he has to say about the possibility of cutting rates.
[SPEAKER_04]: If I can find it, here we go, Rick Reader.
[SPEAKER_03]: at the housing market, particularly what impacts lower income.
[SPEAKER_03]: The people that borrow today are lower income, and they're adversely impacted by where these rates are.
[SPEAKER_03]: If we get the rate down, you actually can bring home prices down, you build more houses, you actually reduce inflation.
[SPEAKER_03]: So I think it's quite consistent to bring the interest rate down, even though the economy is operating in the pretty good level, where we're going is to a lower level inflation.
[SPEAKER_03]: And I think we can bring it down.
[SPEAKER_03]: I mean, think about inflation break even today depending on which part of the curve.
[SPEAKER_03]: are two and a half to two and three quarters.
[SPEAKER_03]: So the funds rate even if you bring it down to three and a quarter, you're still above the rate of inflation.
[SPEAKER_03]: So I think we have plenty of room to drop it even though the economy is operating well.
[SPEAKER_04]: And that's definitely something that we've been hearing for about a year now.
[SPEAKER_04]: We broke down the specific statistics around this inflation thing and we saw there was two top categories if you recall.
[SPEAKER_04]: It was car insurance.
[SPEAKER_04]: And it was housing.
[SPEAKER_04]: Now, car insurance rates, you could lower rates to zero.
[SPEAKER_04]: It really won't affect car insurance.
[SPEAKER_04]: But the housing market is affected by rates.
[SPEAKER_04]: You're going to unlock new supply.
[SPEAKER_04]: You're going to allow people that can't afford to buy who are renting, go buy, which will then also affect the supply of the rental market, which will make that more competitive.
[SPEAKER_04]: So I think that's a kind of a thought that's been going around now for
[SPEAKER_04]: About close to a year.
[SPEAKER_04]: I know Tom Lisa, the same thing.
[SPEAKER_04]: There's a lot of people on the on the training desk that, you know, think it's time to lower rates.
[SPEAKER_04]: And then obviously, pal kind of took the the tariffs into a consideration.
[SPEAKER_04]: Like, oh, we don't know what's going on.
[SPEAKER_04]: We're going to be dated a pen to dated a pen to dated a pendant.
[SPEAKER_04]: And you can kind of question that dated a pendant.
[SPEAKER_04]: Like if it was dated dependent, why did you cut before the election not after is an interesting take that you could, you could kind of ask.
[SPEAKER_04]: But now that, you know, it's dated dependent, you're waiting, you're waiting in these numbers, you know, inflation's still falling.
[SPEAKER_04]: Housing is the number one issue rates would directly affect that.
[SPEAKER_04]: So people think it's time.
[SPEAKER_04]: I just, I don't think they're going to see it this week.
[SPEAKER_04]: So it'll be interesting to see the reaction on, you know, financial X and crypto X. But we'll see that this Wednesday.
[SPEAKER_02]: Yeah, I mean, are they forward looking or backwards looking, you know, they used to be backwards looking now all of a sudden they're forward looking like it's it's it's a hard
[SPEAKER_02]: thing to justify, right?
[SPEAKER_02]: And we've talked about it before here, but I do think it's a hard thing to justify to say that they were back, were looking, and now they're forward-looking, and they teetor-totter on whatever fits the narrative to, and like Hannah, who knows.
[SPEAKER_02]: It does feel like it's becoming increasingly more political, and you're right that one of the biggest contributing factors to inflation has been housing, and Ray cuts would directly affect that.
[SPEAKER_02]: So, regardless, I just, it's hard to believe that we're gonna get them right now.
[SPEAKER_02]: That seems to be the unlikely scenario is that we do get rate cuts.
[SPEAKER_02]: You know, we bring this up and people are going to be like, guys, why are we talking about the housing market and rate cuts?
[SPEAKER_02]: Well, that's because historically when you look at rate cuts, it has a positive impact on the crypto market.
[SPEAKER_02]: So if we do get this, you know, the reason why we want the so bad is, you know, yes, could inflation drop and all these other good things happen.
[SPEAKER_02]: Yeah, but
[SPEAKER_02]: directly in the crypto market like we would probably have a pretty big rally off of something like that and historically speaking we tend to do.
[SPEAKER_02]: So when we're looking at this you know what it does is it essentially like unlocks liquidity it brings again more risk on people into the space and it allows the markets to usually go for a little bit of a run and so we want to see this for the benefit of crypto for the benefit of a lot of people and who knows I mean time will tell I think it's hard with
[SPEAKER_02]: It's hard to know for sure.
[SPEAKER_02]: After watching that interview with Trump and Jay Powell, it was, it was an uncomfortable watch.
[SPEAKER_02]: Just the whole, the way it went down with their mannerisms and everything, I was sitting there like kind of like cringing and I couldn't sit still.
[SPEAKER_02]: It was just hard.
[SPEAKER_02]: I felt uncomfortable watching it behind the screen.
[SPEAKER_02]: And my first response was like, ow, the TV.
[SPEAKER_02]: Say what?
[SPEAKER_04]: I was reality TV and it's finest.
[SPEAKER_02]: It was, it was.
[SPEAKER_02]: And I was coming out of that going, are we actually ever going to get rate cuts after something like this?
[SPEAKER_02]: Because they're going back and forth on how much these buildings cost and are they being good with the repairs and like hewnos.
[SPEAKER_02]: But anyway, I digress.
[SPEAKER_02]: It's still going to be a big week for earnings.
[SPEAKER_04]: No, hundred percent.
[SPEAKER_04]: And we had a Tim Tim in the chat saying that it was the best clip of the year.
[SPEAKER_04]: It's going to be up there.
[SPEAKER_04]: It was an iconic moment for twenty twenty five.
[SPEAKER_04]: And also Caleb Caleb's looking for a four K.E.
[SPEAKER_04]: which is exciting.
[SPEAKER_04]: So the chat's active.
[SPEAKER_04]: Thank you to everybody for tuning in.
[SPEAKER_04]: And yeah, so let's continue on to earnings.
[SPEAKER_04]: So I bring this up because I think it is crypto related to be honest.
[SPEAKER_04]: Big week for earnings.
[SPEAKER_04]: It's, you know, kind of the big week for tech and S&P five hundred.
[SPEAKER_04]: you've got Apple, you've got Amazon, and then specifically kind of what we're going to be looking at is we got Robin Hood.
[SPEAKER_04]: Robinhood on Wednesday, a fan favorite of the pot and then Coinbase on Thursday.
[SPEAKER_04]: So you have all this momentum in the markets, momentum in Coinbase stock, you know, has been making all time highs, Robinhood's been making all time highs.
[SPEAKER_04]: You've got Ray cuts and you've got earnings.
[SPEAKER_04]: So it's a quite the concoction for a mid summer week in the markets and with everything kind of at the all time highs.
[SPEAKER_04]: I mean, is this something
[SPEAKER_04]: for kind of robodood and coinbase a catalyst if these earnings are so high that it's going to send it higher especially coinbase I think is interesting because it will be and I guess this is kind of my take is it's their first earnings with the post chat GPT moment for crypto right to quote timely where you know the stable coins
[SPEAKER_04]: and circles rocketing and then all the center of is like oh wait the coin base has a huge percentage of circles revenue like oh now I got to buy coin base stock and it's like okay so that's going to be the first earnings session with that so I wonder if coin base on their call leans into the partnership with circle and you know other plans that they have for maybe a stable coin strategy
[SPEAKER_04]: and then obviously Robin Hood may be giving some more insight into their road map with the arbitrom tokenization and just getting some metrics around their whole platform as they're always innovating and I believe they're already announced their next big live event where they announce things is going to be in Vegas in
[SPEAKER_04]: In the fall, I want to say October, September, October.
[SPEAKER_04]: Okay, I definitely definitely coming up soon.
[SPEAKER_04]: And I believe it has something to do with like private banking for kind of private banking for all type of things.
[SPEAKER_04]: So that that probably has something to do with some type of in-house stable coin to be able to
[SPEAKER_04]: You know, earn yield on your sitting cash.
[SPEAKER_04]: So I think it's a very exciting time for obviously for crypto for companies that are involved in crypto, whether it's a Robinhood Coinbase or obviously these treasury companies.
[SPEAKER_04]: It's something worth noting, even though it's not pen goo or, you know, arbitrom or, you know, coin specifically like Brendan's T.A.ing.
[SPEAKER_04]: It's kind of, that's what we do here, we're trying to give you that whole crypto picture.
[SPEAKER_04]: And so I think I don't think you can ignore a week like this for earnings specifically with Robinhood Coinbase.
[SPEAKER_02]: Yeah, you know, I don't think you can't ignore it either.
[SPEAKER_02]: They've obviously both been huge players and huge advocates of crypto.
[SPEAKER_02]: You know, you look at all the stuff that Coinbase has done just with trading.
[SPEAKER_02]: You look at what Robin Hood has done with trading.
[SPEAKER_02]: You look at Coinbase with their base layer two on Ethereum.
[SPEAKER_02]: You look at Robin Hood now.
[SPEAKER_02]: Also going to be creating their own layer two on on arbitrom and tokenizing stocks and the public and private equity markets.
[SPEAKER_02]: And they both clearly play a huge role in where crypto is at these days.
[SPEAKER_02]: Um, yeah, you know, going to be a big week for earnings.
[SPEAKER_02]: I would imagine that as the crypto market does good, they do as well.
[SPEAKER_02]: And yeah, you know, bigger picture is I like what they're doing and how they're supporting crypto.
[SPEAKER_02]: And hopefully they go in the crush earnings this week.
[SPEAKER_02]: And if they do, I think it just reflects the current state of the crypto market.
[SPEAKER_04]: So we'll tell before we move on, we got fits fits in the chat long time listener, long time youtuber, long time chatter.
[SPEAKER_04]: Just had a question about a staking on Ethereum because obviously with Robinhood, I'm sorry, staking on Robinhood.
[SPEAKER_04]: They announced Ethereum, Solana, and he was wondering, is it safe to do?
[SPEAKER_04]: So obviously, if it's we tee that up with, it's not personal financial advice for you.
[SPEAKER_04]: You've got to do your own research, make your own decisions, but I personally feel confident doing a little bit of staking on Robinhood.
[SPEAKER_04]: I don't think you've got to take into effect not your keys, not your crypto, and then also spread it out a little bit.
[SPEAKER_04]: I wouldn't put all of anything on one
[SPEAKER_04]: Exchange are one cold wallet right so, you know, you might want to spread it around, but I think, you know, Robin Hood's made a lot of steps and a lot of strides to kind of come back from that black eye that they had with the GameStop saga and we've covered that so many times before.
[SPEAKER_04]: If you're interested on our takes, I know I did it with you.
[SPEAKER_04]: I've done it with Joe and Brian, and I think even Bryce is at some takes on it.
[SPEAKER_04]: So, not something we're going to rehash right now, but I personally do feel confident to participate in their staking program.
[SPEAKER_04]: It just wouldn't be my whole entire bags of salon and theorem.
[SPEAKER_02]: I think it's a good point.
[SPEAKER_02]: I take the same stance that I don't like to have all my eggs in one basket.
[SPEAKER_02]: And listen, if you tuned in to half the episodes that we make for these crypto rundowns, it's pretty evident.
[SPEAKER_02]: Me and Tvo, we like Robin Hood.
[SPEAKER_02]: We've had them on the podcast.
[SPEAKER_02]: We talk about them a lot.
[SPEAKER_02]: I think they're doing a lot of good.
[SPEAKER_02]: I think both of us are quite a bit of their shares and stuff.
[SPEAKER_02]: We want to be transparent, but it's because we really do like the platform.
[SPEAKER_02]: But we also tend to like keep it real.
[SPEAKER_02]: And that's the thing.
[SPEAKER_02]: I saw that
[SPEAKER_02]: Tim was saying man I feel at home Brendan's in here and he's wailing on on XRP when I'm coming in and it's true but
[SPEAKER_02]: You know what we like to do over here is just keep it as real as possible, right?
[SPEAKER_02]: If we own it, if we don't own it, you could go back and there's clips and I'm sure tweets of me just tearing apart Robinhood for stuff that they've done in the past, right?
[SPEAKER_02]: No holds bar.
[SPEAKER_02]: At one point I was so adamantly against like some of the stuff that they were doing and you could say the same with like XRP.
[SPEAKER_02]: Look at the past couple of weeks we've been hyping it up.
[SPEAKER_02]: talking about how bullish it is, how they're doing all these great decisions, one thing happens.
[SPEAKER_02]: Well, just because I own it, and just because they had made some good decisions, am I going to ignore some of the stuff that is stupid?
[SPEAKER_02]: Now, and I think that's why a lot of you tune in here is that we're bias in the sense that the whole crypto market is going to be up into the right.
[SPEAKER_02]: The whole crypto market is going to do good, but we also keep it real, because we want all of you to be informed of the good, the bad, everything in between,
[SPEAKER_02]: and regardless of bias and regardless of whether we own it or what?
[SPEAKER_02]: We're going to tell you the truth whether it is good or bad or whatever is happening.
[SPEAKER_02]: And so that's something that we try to, you know, really pride ourselves in is talking about like the good, the bad, and the ugly.
[SPEAKER_02]: But yeah, I mean, when you look at where we're at right now, you know, still, again, big picture is good, but we want to talk about everything.
[SPEAKER_04]: yeah and we've had plenty of times over the years where it was quite boring um and sad end of the downside right we were here through you know all the ups and downs and even the sideways stuff we've talked about before this even last breakout we had an episode where I said I don't want to I don't want to say this but I have to I'm bored with a hundred k
[SPEAKER_04]: Yeah, it was, you know, about six, seven and eight weeks ago now and looking out.
[SPEAKER_04]: Now we're in our new, our new next chapter, but, you know, as much as we want it to be up only, it won't be that and we'll be here to face the music when we're right, when we're wrong, or when we're bored, you know, we're here to just give you the news as it is.
[SPEAKER_04]: And those times we've said it multiple times before is, you know, when it's not super exciting, that's kind of the time to tune into these shows because that's where you get the real alpha that nobody else is really listening to.
[SPEAKER_04]: That's when you get the pen goo.
[SPEAKER_04]: eight weeks ago that's when you get the Ethereum narrative that we called eight weeks ago and and look where we are now now it's the talk of talk of the town you know you got everybody asking you know Ethereum's the next you know thing ten k fifteen k ethereum it's like well if you listen to our show eight nine weeks ago we we didn't necessarily tell you those price targets per se but we told you that that narrative was coming it was bubbling under the surface
[SPEAKER_02]: a hundred percent man and like just going back to this idea you know we've said we've had we've gone back and forth on salana we've gone back and forth on a theory and two because there was a time where like a theory was underperforming when we talked about this last week and we're like I think you came up and you're like what's the deal guys what's the deal at the area I'm a couple of months ago in the group chat in the group chat like under you know when it broke when it broke two caves like as I felt as I was like fellas are we still believers in everybody
[SPEAKER_04]: said we're going down with this ship and I was like, okay, just make it sure.
[SPEAKER_04]: Didn't want to be the only one left on the boat, but I had to ask the question.
[SPEAKER_02]: Yeah, exactly.
[SPEAKER_02]: So again, you know, we say all this because regardless of what project it is, regardless of where we're at in the market cycle, like there is times where Ethereum wasn't doing good things, there's times where Solano wasn't doing good things, there's times where Robinhood wasn't doing good things, there's times where XRP isn't doing good things.
[SPEAKER_02]: And we just bring it to you how it is in the moment, right?
[SPEAKER_02]: and so it's not this permanent negative stance but we just like to call how we see it and again bigger picture we think the whole crypto market and just about everything associated with it is is going to do pretty well and you know this week yes that includes XRP looking out zoom and out I think it's going to do well I think it's going to hit your all-time highs but
[SPEAKER_02]: Anyway, I brought this up because I wanted to tie it up into our point of like, hey, you know, we've said things about Ethereum in the past.
[SPEAKER_02]: We've obviously switched our stance on this as we've gone back and forth.
[SPEAKER_02]: But Ethereum's just crushing it at the moment.
[SPEAKER_02]: Absolutely crushing it.
[SPEAKER_02]: And what we've seen here is that their ETF volume and inflows have
[SPEAKER_02]: skyrocketed to just ridiculous levels and I think Tivo sharing it.
[SPEAKER_02]: Yeah, so you can see right there in the top left the Ethereum spot volumes and that's what in the last twelve months.
[SPEAKER_02]: I mean, look at it.
[SPEAKER_02]: It's gone.
[SPEAKER_02]: It's gone completely parabolic.
[SPEAKER_02]: Completely parabolic in the last a month or so here and so you measure it and its volumes are doing like double what it was previous double triple quadruple what it was previously doing in the first half of this year most of last year.
[SPEAKER_02]: So you know if you scroll down just a little bit one more
[SPEAKER_02]: There's this Ethereum spot ETF flows on the left side.
[SPEAKER_02]: And again, this is well, just parabolic in terms of what we've seen.
[SPEAKER_02]: And if you go to the last three months, there's a little button for it.
[SPEAKER_02]: Right below.
[SPEAKER_04]: Pretty much.
[SPEAKER_04]: Yeah, I got you.
[SPEAKER_04]: So scrolling down.
[SPEAKER_04]: There we go.
[SPEAKER_02]: I mean, look at this performance.
[SPEAKER_02]: I mean, we were going from seeing like, oh, hey, there's some days of like a hundred, two hundred million in flows.
[SPEAKER_02]: And now we're seeing days where there's like five, six, seven hundred million in in flows.
[SPEAKER_02]: And the statistic that came with this,
[SPEAKER_02]: is that had a number for this.
[SPEAKER_02]: But yeah, so Ethereum products hit seven point eight billion and year to date inflows.
[SPEAKER_02]: And we talked about this a little bit last week, but this surpasses the entirety of what they did in twenty twenty four.
[SPEAKER_02]: So what we've seen here just begin this massive, massive increase in inflows and I think last week was the second biggest week for Ethereum ETF inflows at just around one point eight, one point nine billion.
[SPEAKER_04]: Yeah, and it's setting records too.
[SPEAKER_04]: I think we talked about that last week.
[SPEAKER_04]: I did with Brian and Joe at the top of their show was, you know, Ethereum's the third fastest ETF to a certain number.
[SPEAKER_04]: The Bitcoin ETF is number one.
[SPEAKER_04]: And these these products as much as it was exciting when they were launched.
[SPEAKER_04]: I think even even the Bitcoin ETF obviously was so much hype when that went live.
[SPEAKER_04]: There was kind of a little bit of
[SPEAKER_04]: maybe quote unquote underwhelming statistics around it and the price action especially after the Bitcoin ETF was like a little bit of a sell the news event which was a great time to buy the dip was a great time to buy I think micro strategy to huge sell off to on this theory that everybody's gonna sell micro strategy to go into the ETFs and yeah it just takes time when we've covered that over the years it's like you know these huge money makers with billions and trillions of dollars under asset they can't
[SPEAKER_04]: They can't go buy these Bitcoin and Ethereum ETFs right off the jump right when they're alive right they need the statistics over six months a year.
[SPEAKER_04]: to study these products before they can offer them to their clientele.
[SPEAKER_04]: And so since that time period has now elapsed you're hearing more and more people and you're seeing more and more funds start to start to flow to them.
[SPEAKER_04]: So yeah, overall just something you love to see.
[SPEAKER_04]: I think the Ethereum staking, the Ethereum ETF staking is something we've been talking about right with Solana as well is something that we're hoping goes mainstream and then unlocks a lot more capital as well.
[SPEAKER_04]: you know we'll keep tracking it but it's definitely a good time glad you put it on the sheet to bring it back up again because you know as you're staring at that chart again that that's the three month let's go to the twelve month and I think that's you know they haven't even been around for about twelve months so you can see you can see that all that selling pressure on the left side there right right when it goes live all the old you know accumulation from all those funds that went into the tf a lot of selling and then
[SPEAKER_04]: Absolutely nothing here.
[SPEAKER_04]: A little bit of excitement.
[SPEAKER_04]: That was around, yeah, the election, the end of the year, run we had.
[SPEAKER_04]: And then absolutely nothing, nothing here.
[SPEAKER_04]: And you're starting to see it pick back up.
[SPEAKER_04]: But what do you think about this right now that we're staring this what now we're staring this question for you now that you're seeing this a lot of momentum on the right side of the chart there but not like the levels we saw in November December for inflows so what you know is that anything you take away anything from that or just just lines on a chart.
[SPEAKER_02]: No yeah I think that was like peak.
[SPEAKER_02]: Peak Cycle Peak Hype was around December.
[SPEAKER_02]: We were coming off the election stuff and all these new revolutionary ideas about how the government was going to adopt it.
[SPEAKER_02]: We were going to ease regulation and prices were skyrocketing.
[SPEAKER_02]: The stock market was skyrocketing.
[SPEAKER_02]: It was just like the peak of the hype cycle before the crash happened.
[SPEAKER_02]: And I think that that's what that represented.
[SPEAKER_02]: And now it's interesting because we're coming out of that, right?
[SPEAKER_02]: We had the crash already.
[SPEAKER_02]: So the likelihood that we're going to have another crash like that is pretty unlikely at this point, right?
[SPEAKER_02]: You look at how often the market's crash and encrypt.
[SPEAKER_02]: It's like, oh, you know, every like four years or so, you look at the track five markets.
[SPEAKER_02]: I think it's even like less often than that when you see like a pullback of like thirty plus percent.
[SPEAKER_02]: So I think that now what we're doing is we're back at the same level, but the crash just happened.
[SPEAKER_02]: So
[SPEAKER_02]: I think that what that what that does is it really smooths and paves the road ahead and say like, yeah, and we're just in a good spot.
[SPEAKER_02]: So that's what I read from this.
[SPEAKER_02]: I think that we can go higher.
[SPEAKER_02]: I think that we are going to go higher.
[SPEAKER_02]: I think that people have talked about in the chat, you know, oh, we're going to hit three k, four k, five k. I think someone at the beginning said, ten k seems bearish.
[SPEAKER_02]: I think ten k is like a realistic goal for
[SPEAKER_02]: Ethereum now.
[SPEAKER_02]: And I'm not saying that this is going to happen by the end of this month or anything like that's something that's going to take a little bit more time.
[SPEAKER_02]: But, you know, I think this argument of can eat hit four and five K can.
[SPEAKER_02]: Can I get back to the all-time highs just below five K?
[SPEAKER_02]: To me, I think that that is a likelihood.
[SPEAKER_02]: And this kind of ties into some of these other points that we're probably going to talk about, but like all these treasury companies, T-Vo, they're not slowing down.
[SPEAKER_02]: And there's more of them, we've talked about how they're coming out of the woodworks and they're adopting and they're buying and you know, sharpling just bought another almost three hundred million in teeth.
[SPEAKER_02]: Now they have around four hundred and thirty-eight thousand Ethereum in their, in their treasury, I believe.
[SPEAKER_02]: That's a whole ton of freaking money.
[SPEAKER_02]: You have met a planet.
[SPEAKER_02]: Or yeah, here, we'll put it on the screen for everyone.
[SPEAKER_02]: And you look at this and they're just buying and buying and buying.
[SPEAKER_02]: And this is constantly happening on the Ethereum side.
[SPEAKER_02]: You have the ether machine.
[SPEAKER_02]: You have sharp link.
[SPEAKER_02]: You have
[SPEAKER_02]: Bit-mind with Tom Lee, and then on the Bitcoin side, obviously you have strategy in Michael Sailer, you have meta-planet, you have all these other ones, and even the Bitcoin ETFs are accumulating in mass.
[SPEAKER_02]: And so meta-planet just added another ninety-two and a half million worth of Bitcoin.
[SPEAKER_02]: Our millions, sorry, worth of Bitcoin.
[SPEAKER_02]: And they're pushing their holdings up to around two billion dollars worth of Bitcoin.
[SPEAKER_02]: And so these treasury companies are buying and buying and buying the ETFs are very clearly buying retail traders are buying governments are adopting.
[SPEAKER_02]: We have our crypto report coming out.
[SPEAKER_02]: I think in.
[SPEAKER_04]: Think when tomorrow we're all the fed.
[SPEAKER_02]: Yeah.
[SPEAKER_02]: Yeah, I think that's happening.
[SPEAKER_02]: I'm actually surprised we we forgot to include that on the, uh, I mentioned it.
[SPEAKER_04]: We mentioned it last week.
[SPEAKER_04]: Yeah.
[SPEAKER_04]: We got to keep an eye on for that.
[SPEAKER_04]: But yeah, it's something we will be definitely be covering for Thursday's show.
[SPEAKER_04]: And we'll see what time it comes out on Wednesday.
[SPEAKER_04]: Maybe Brian Joe can touch on it, but yeah, we'll definitely have a full report of what goes out Thursday.
[UNKNOWN]: Yeah.
[SPEAKER_02]: Spot on, man.
[SPEAKER_02]: And so you know, the big takeaway here is that again, lots of adoption, big picture is very positive for the entire crypto market.
[SPEAKER_02]: And we're at this point where it's like,
[SPEAKER_02]: You know, what's really going to be able to drag us down significantly, right?
[SPEAKER_02]: You know, we're going to have these ups and downs.
[SPEAKER_02]: We're going to have pullbacks.
[SPEAKER_02]: That's natural.
[SPEAKER_02]: And crypto is historically more volatile than I think the traditional markets that people are more used to.
[SPEAKER_02]: So we're going to have some volatile pullbacks.
[SPEAKER_02]: But like what is really going to be able to like knock us off our feet?
[SPEAKER_02]: And, you know, I'm just not sure.
[SPEAKER_02]: I mean, you found an article to you, but I think talking about galaxy, right?
[SPEAKER_02]: And how
[SPEAKER_02]: They were dumping in, I mean, barely affected things.
[SPEAKER_04]: Yeah, exactly.
[SPEAKER_04]: And actually it's a two part here.
[SPEAKER_04]: So I posted, um, I randomly posted a, uh, well, not randomly.
[SPEAKER_04]: I'm always posting like cool videos and stuff on our ex, uh, people don't follow us.
[SPEAKER_04]: Make sure you follow us at crypto one on one pod.
[SPEAKER_04]: But last week I posted a video of Mike Novigratz and he did a segment.
[SPEAKER_04]: I think it was CNBC and he called for a hundred and fifty thousand dollar Bitcoin this year.
[SPEAKER_04]: So I posted and it gets a little interaction.
[SPEAKER_04]: The galaxy, you know, some people are getting bold up on galaxy stock now that it's traded on the New York Stock Exchange.
[SPEAKER_04]: So there's some bull posting for Galaxy and then right after I posted it a couple hours later that evening it was reported that Galaxy actually just dumped nine billion dollars worth of Bitcoin and we saw that evening you know Bitcoin fall off a little bit But it went down five percent and again you can't totally attribute that to just Galaxy, but you know
[SPEAKER_04]: The news comes out, Bitcoin goes down five percent and then the market actually literally gobbles up the dip and just rises back up to where it was.
[SPEAKER_04]: And so, you know, like you said, what's going to bring us down?
[SPEAKER_04]: Well, we just had an absolute, you know, dump on the market of nine billion dollars and the market just gobbled it up.
[SPEAKER_04]: And then so then that post that I had started people just started being like, Oh, he's shilling Bitcoin and selling.
[SPEAKER_04]: He's shilling Bitcoin and selling, you know, disgusting behavior from from galaxy for, you know, telling not he didn't he didn't say go by Bitcoin.
[SPEAKER_04]: He said it's price target price targets one hundred fifty k. Why are you selling everybody's like, Why are you selling?
[SPEAKER_04]: Why are you selling?
[SPEAKER_04]: I was like, Well, I put it in the rundown here and then I posted this on x next.
[SPEAKER_04]: Like everybody's mad because
[SPEAKER_04]: Galaxy dumped BTC last night.
[SPEAKER_04]: It's like if you listen to the full interview, he told you, you know, what he really thinks is going to outperform.
[SPEAKER_04]: And it's easy.
[SPEAKER_04]: So let's listen to his full takes.
[SPEAKER_04]: You get the full story.
[SPEAKER_00]: What do you make of some of the other coins?
[SPEAKER_00]: So ether we just had somebody on this week putting together a quote by an ether micro strategy of sorts in terms of a leverage debt that other people are going to be buying to also everything's getting tokenized.
[SPEAKER_00]: We've talked with stablecoins.
[SPEAKER_00]: Right now, if you could buy ether Bitcoin, what's to buy?
[SPEAKER_01]: I own both.
[SPEAKER_01]: Listen, ether's caught up a lot.
[SPEAKER_01]: It feels like if eth takes out four thousand, it goes into price discovery.
[SPEAKER_01]: And so we feel kind of destined to at least knock on the four thousand ceiling a few times.
[SPEAKER_01]: The narrative of ethers really powerful in the market was really short.
[SPEAKER_01]: And now we have not just, you know, one, we have two major eth Treasury companies and another one coming.
[SPEAKER_01]: You know, and they're raising capital every day and buying ether.
[SPEAKER_01]: And so there's not a lot of supply of it.
[SPEAKER_01]: And so I think Eve probably has a chance to outperform Bitcoin in the next three to six months.
[SPEAKER_04]: So there you have it right there, right?
[SPEAKER_04]: So that you go and see the selling of Bitcoin, but that same guy is telling you that he thinks Ethereum is going to outperform Bitcoin the coming months.
[SPEAKER_04]: So again, his galaxy going and buying a bunch of E right now.
[SPEAKER_04]: Obviously, they have a big moon bag of it.
[SPEAKER_04]: Maybe time will tell, maybe we'll see some purchases, or maybe it's just portfolio management, right?
[SPEAKER_04]: You know, Galaxy's been the game for so long.
[SPEAKER_04]: that maybe this was a price target to take off some exposure and let the Ethereum exposure run.
[SPEAKER_04]: But I just thought it was cool.
[SPEAKER_04]: It's cool interaction on the X timeline that got a ton of interaction.
[SPEAKER_04]: My first one, but I thought the full story of galaxies take there was to understand that they think for the next the rest of the year, at least that Ethereum is the lead bull here.
[SPEAKER_02]: I mean, it's hard not to be bullish on Ethereum.
[SPEAKER_02]: You look at all the topics that we talked about.
[SPEAKER_02]: You look at the charts.
[SPEAKER_02]: I agree with them.
[SPEAKER_02]: I think, again, we break four K and we go into an arguable price discovery mode for Ethereum.
[SPEAKER_02]: That is the big resistance to beat.
[SPEAKER_02]: And that's where all eyes, you know, even hits, right?
[SPEAKER_02]: You know, he's super successful, super wealthy.
[SPEAKER_02]: We're talking about like unfathomable levels of money and management and he's saying the same thing.
[SPEAKER_02]: So I agree with them and think we're a line and it's hard to not
[SPEAKER_02]: believe that Ethereum has a bit of ketchup to do.
[SPEAKER_02]: And when you, no matter how you look at it, right, you know, you look at Bitcoin dominance, you look at ETHBTC, you measure Ethereum's performance relative to Bitcoin in terms of price and percent.
[SPEAKER_02]: And it does seem undervalued, especially with all this adoption that we're getting.
[SPEAKER_04]: Yeah, I couldn't agree more.
[SPEAKER_04]: We have some some price targets from the chat.
[SPEAKER_04]: We've got a Tim Tim coming in at seven, five hundred for end of year.
[SPEAKER_04]: But he's hoping he's low.
[SPEAKER_04]: He's hoping his low D&T NFT.
[SPEAKER_04]: Twelve K fits says ten K by end of year and as Will said earlier, ten K is now bearish.
[SPEAKER_04]: It's what the bear is just saying.
[SPEAKER_04]: So we'll have to see, but we're going to we're going to document the journey for sure the entire rest of the year.
[SPEAKER_04]: So excited about it.
[SPEAKER_04]: I think it's, um, as we kind of come down here and wrap up, uh, I'm sorry if anybody can hear that there's a crying child in the background, but that's what family vacations are for.
[SPEAKER_04]: I'll try and edit that out if, uh, Brendan saying, no, okay, you guys can hear it.
[SPEAKER_04]: That's good.
[SPEAKER_04]: Shout out to sure microphones, friends of the pod for keeping us, uh, keeping us clean audio.
[SPEAKER_04]: The, um, time we do this, like every once in a while, Brendan, we like to pull our, you know, kind of, uh, the same tricks out of the bag every month or so.
[SPEAKER_04]: We revisit, you know, whether it's Google Trends,
[SPEAKER_04]: Um, and to money supply and we haven't checked out the fear and greed index in a while.
[SPEAKER_04]: So let's let's pull up our crypto fear greed index.
[SPEAKER_04]: We're sitting I've seen a couple of them.
[SPEAKER_04]: There's like seventy two, which is just a little bit agreed.
[SPEAKER_04]: This one, sixty seven, which is greed.
[SPEAKER_04]: Um, but not extreme greed.
[SPEAKER_04]: Not extreme greed or are high for the year.
[SPEAKER_04]: was back in November at eighty eight where it's sixty seven and we're at all time highs which I think overall is encouraging and make sense for the market right.
[SPEAKER_04]: You have some friends some friends some cousins starting to come in and ask about a theorem you know they need to put their put their beer money into a theorem so they can go make sure they have a fun year in college so you're getting a little bit of bull posting from a theorem.
[SPEAKER_04]: But you're not getting that I'm not getting over well with text messages from friends and family at about crypto even though.
[SPEAKER_04]: You know, big coins at a hundred and twenty, which I find hilarious.
[SPEAKER_04]: And, uh, and obviously Ethereum is making big moves.
[SPEAKER_04]: So you're starting to hear it on the news, right?
[SPEAKER_04]: This is what we like to do.
[SPEAKER_04]: We say, okay, the A block, the B block, starting to get that crypto talk back, the big coins, the Ethereum's.
[SPEAKER_04]: I think that is phase one.
[SPEAKER_04]: That makes sense for that sixty seven to seventy five greed.
[SPEAKER_04]: And then once you start getting to the eighties in the high eighties, that's when your friends and family are going to start calling and asking about it.
[SPEAKER_04]: So I do agree with the the sixty seven number here.
[SPEAKER_04]: What about you?
[SPEAKER_02]: Yeah, I would too.
[SPEAKER_02]: You know, we're just barely in that green category coming out of a little bit of neutrality.
[SPEAKER_02]: And when you look at like where we're at.
[SPEAKER_02]: especially in the bigger picture, you know, we're not in extreme greed.
[SPEAKER_02]: We're not extremely overextended despite prices being pretty close to all-time highs.
[SPEAKER_02]: And I think what that does is that paints the picture of like you look at in previous runs when we've been coming from a neutral zone into a greedy zone.
[SPEAKER_02]: That typically means that again, I think that there's more upside potential.
[SPEAKER_02]: You know, we're gonna have those ups and downs.
[SPEAKER_02]: We're gonna have retracements.
[SPEAKER_02]: We're gonna have pullbacks.
[SPEAKER_02]: But going back to the big picture that we always like to talk about,
[SPEAKER_02]: It does appear that with not just Bitcoin, Ethereum, with a lot of these cryptos, there just is more upside potential on the way.
[SPEAKER_02]: And one of the big questions that people have had here to you, though, is like, well, we're heading into this area, right, around a year and a half after the having how much further can we really go?
[SPEAKER_02]: And we're not quite there yet, right?
[SPEAKER_02]: You know, the idea is that we probably top out around the fall to winterish area, but
[SPEAKER_02]: You know, regardless of that, where we're right now, you know, I do think that there's potential for some more upside.
[SPEAKER_04]: Yeah, could degree more.
[SPEAKER_04]: And then there's people with takes kind of like Matt Hogan was shared over the year plus now.
[SPEAKER_04]: I think it's been to take it.
[SPEAKER_04]: This is the four year cycle.
[SPEAKER_04]: Could could be over with all this institutional adoption and the ETFs.
[SPEAKER_04]: People that are coming in for long and strong holds could this end that, you know, four years.
[SPEAKER_04]: Obviously, there's tons of macro issues that go into whatever cycle.
[SPEAKER_04]: is it going to end that mass dump for the crypto markets because you know the market caps are now so high and then traditional money's here in the the products that are there for the buy and hold for the long term it's something to consider as well but nobody knows and that that's kind of why we're here is is to you know go over the stuff with everybody each week
[SPEAKER_04]: And just educate people, but also learn as well along the way, and that's what we do together each week, and it's fun.
[SPEAKER_04]: I will say that yesterday, so this week, I'm traveling obviously, I'm at the family vacation at the Beach House.
[SPEAKER_04]: I'm in New Jersey, Brandon Jersey.
[SPEAKER_04]: you still live in your city so I love you know New York City pizza best in the world and then the bagels brand and the bagels for New Jersey New York the best so before I came down I had to go get a bunch of bagels and I was just sitting there yesterday and I made this bacon egg and cheese and I mean I just
[SPEAKER_04]: I first, you might be devastated.
[SPEAKER_04]: I'm a hundred percent sure.
[SPEAKER_04]: I bought the bagel.
[SPEAKER_04]: I bought the bagel and you might be looking at this and you're like, Oh, Tvo, why is this bagel on the crypto run down?
[SPEAKER_04]: And I think that this bagel, this bagel sandwich might be so good and so perfect that it could propel us to do all time highs this week.
[SPEAKER_04]: You heard me this week.
[SPEAKER_04]: I think we could break four K on a theorem this week, just because of this bagel sandwich.
[SPEAKER_04]: It was literally one of the best things I've ever eaten.
[SPEAKER_04]: It was magical.
[SPEAKER_02]: Well, yeah, I mean, I responded to your tweet and I said, I might have to go do it in a market smash of a hundred bit coin.
[SPEAKER_02]: And you challenged me.
[SPEAKER_02]: You said, like, met with the ratio, I think this is a two hundred BTC market smash.
[SPEAKER_02]: And I believe, unbelievable.
[SPEAKER_04]: Unbelievable.
[SPEAKER_04]: That seasoning around the the rim backside of that bagel, the crispiness of the bacon, the eggs, the perfect ratio of sarachis sauce.
[SPEAKER_04]: That is, that's a bagel sandwich.
[SPEAKER_04]: And that is, I'll be honest, that's a bagel sandwich that you can only get in the state of New Jersey with a quality bagel like that.
[SPEAKER_02]: Well, I mean, I'm looking a flight.
[SPEAKER_02]: I'll see you here in a few hours.
[SPEAKER_02]: I'll have to the run.
[SPEAKER_04]: Shout out to Tim.
[SPEAKER_04]: He says this seems like the Solana commercial moment.
[SPEAKER_04]: Remember, we put the Solana commercial moment on the chart for a Solana.
[SPEAKER_04]: He thinks this is a generational bottom for the crypto market.
[SPEAKER_04]: The bagel of that propelled us to new all-time highs.
[SPEAKER_04]: Well, let's be honest.
[SPEAKER_04]: We put it on the run down.
[SPEAKER_04]: We now have receipts.
[SPEAKER_04]: So we have receipts for the crypto I'm going to call it the crypto baggle and let's see how how the market does in the next week or so and it might it might it might become a thing might become a thing left to see.
[SPEAKER_02]: I mean I can put it on my chart on my salon a chart.
[SPEAKER_02]: I still have a giant arrow that says the salana ad and it marked the bottom.
[SPEAKER_02]: I still have it on my shirt to this day.
[SPEAKER_04]: I know I know.
[SPEAKER_04]: I know.
[SPEAKER_04]: Can you pull it out?
[SPEAKER_04]: Would it take a lot to pull it up or no?
[SPEAKER_02]: No, no, no, no, no, no, no, no, no.
[SPEAKER_02]: Give me a
[SPEAKER_02]: A couple of seconds here on August.
[SPEAKER_04]: Yeah, I might just get up just to tee up the listeners.
[SPEAKER_04]: So there was I can't even remember the ad.
[SPEAKER_04]: It was like kind of a cheesy ad, right?
[SPEAKER_04]: So Solana, what's out this cheesy ad on their solos and everybody shared it and was kind of kind of shit on it for better, better worst words to use.
[SPEAKER_04]: And you know, as when there was a down draft in the market, and I just remember jokingly saying to Brendan, like,
[SPEAKER_04]: This might be the bottom for Solana.
[SPEAKER_04]: This might be that we might have to put this on the chart.
[SPEAKER_04]: So as you can see here, as he's pulling it up, we put the Solana ad, and if you kind of go in the, you know, on the L or the L or the L or the first A, it would be the middle there, like that was the very, very, very close to the bottom.
[SPEAKER_04]: Do you have an exact day that we did it?
[SPEAKER_04]: Or is it just a general location?
[SPEAKER_02]: I don't have the exact A. The, let me see if I can,
[SPEAKER_02]: find out what it was.
[SPEAKER_02]: But I think it was like the very end of March.
[SPEAKER_02]: If I remember correctly, it was like mid to end of March.
[SPEAKER_02]: So it was like right around when price was trading it, I think like a hundred and twenty bucks.
[SPEAKER_02]: So it was like somewhere like right around in here, I think.
[SPEAKER_02]: And so it's like March.
[SPEAKER_04]: March, eighteen March, eighteen.
[SPEAKER_04]: Was it?
[SPEAKER_02]: Right here at a hundred and twenty three bucks essentially.
[SPEAKER_02]: And it's like, you know, what was at the bottom now?
[SPEAKER_02]: Not the exact bottom.
[SPEAKER_02]: But wasn't really close to the bottom.
[SPEAKER_02]: Yeah, it was.
[SPEAKER_02]: And you look at us going now from a hundred and twenty bucks up to, you know, a hundred and ninety bucks or two hundred bucks.
[SPEAKER_02]: Yeah.
[SPEAKER_04]: Tim once a big ol' emoji on the Ethereum chart now.
[SPEAKER_04]: So we'll see what we have it.
[SPEAKER_04]: We have it document.
[SPEAKER_04]: I don't want you to do that if it's going to confuse the people for the amazing coaching calls you do.
[SPEAKER_04]: And obviously you're trading course, which gets access to you every week.
[SPEAKER_04]: And just overall, there's people still listening.
[SPEAKER_04]: You know, we do this free multiple times a week because we love it and want to be with you guys.
[SPEAKER_04]: Um, but also, you know, check out the show notes below for some, uh, you know, information about our community and support the program, just like you do.
[SPEAKER_04]: If you are in the community, we thank you and if not, you know, like subscribe and we love having you on the, the bagel call.
[SPEAKER_04]: Ah, that's great.
[SPEAKER_04]: That's so funny.
[SPEAKER_04]: So we'll see the bagel.
[SPEAKER_04]: Well, the bagel send us to the moon.
[SPEAKER_04]: We'll have to, we'll have to see.
[SPEAKER_04]: We'll see how long now.
[SPEAKER_04]: The Bryce Paul call is probably a generational bottom.
[SPEAKER_04]: That one might never leave the chart.
[SPEAKER_04]: But yeah, if the bagel call doesn't work out and say a week or two, we might have to take that off the chart.
[SPEAKER_04]: But for now, excited to watch it, excited to watch it.
[SPEAKER_02]: Yeah.
[SPEAKER_02]: Well, time will tell to you about a time will tell.
[SPEAKER_02]: Man, in the meantime, we appreciate everyone for coming in here.
[SPEAKER_02]: Listen to us, Yapp, and talk about the crypto markets and banter back and forth.
[SPEAKER_02]: Again, regardless of what's happening here, we want to bring everything to all of you so that you understand the good, the bad, the ugly, everything that's happening in between.
[SPEAKER_02]: And you get it all completely for free.
[SPEAKER_02]: and typically an under an hour, which we're holding true to today as the saying goes.
[SPEAKER_02]: But yeah, no, we appreciate everyone coming in here.
[SPEAKER_02]: Thank you all for joining us.
[SPEAKER_02]: We really do appreciate the active chat box and everyone talk in and leave in comments and ask us questions and just having a good time with us.
[SPEAKER_02]: And it's all the listeners who are watching this back, which we know the bulk of you watch this back at a later point.
[SPEAKER_02]: We appreciate all of you as well.
[SPEAKER_02]: Stay tuned everyone.
[SPEAKER_02]: We got a lot more content coming your way this week.
[SPEAKER_02]: It's going to be action packed and we'll see all of you at the same time.
[SPEAKER_02]: Same place on Thursday for another crypto rundown.