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🚨BITCOIN ATH & ETH AT 3K! CRYPTO WAKING UP!
Recorded: July 10, 2025 Duration: 1:31:52Space Recording
Short Summary
The crypto market is experiencing a bullish trend, with Bitcoin and Ethereum reaching new all-time highs and strong institutional interest driving growth. Discussions highlight the potential for an altcoin season as liquidity shifts and regulatory clarity emerges, setting the stage for significant market developments.
Full Transcription
Thank you. Music Thank you. Music Thank you. Music Thank you. Welcome, welcome, welcome mario nalphal roundtable space breaking news which it feels like it's
going to be persistent over the next coming weeks into the month's all-time highs going into those
uncharted territories for bitcoin at least ethereum is finally making its way back to that
three that coveted $3,000 mark
that has been at testing back and forth up and down over the last five years. But here we are,
markets feel like they're waking up all this bullish pressure that's been building. Looks
like it's breaking through the dams of the bears that just have tears in their eyes because, hey,
how can you how can you really fight this overwhelming bullish
land that's here?
But welcome, everybody, to another Mario Nolfo breaking news space here on the Roundtable
Space.
As you roll in, make sure you drop your comments down below.
Do you think this is a bull trap?
Where do you think price is going by the end of this month?
Give us some thoughts.
Give us some questions.
We'll try and rotate some of those things up here.
We've got a number of panelists that are going to be coming up as well.
A shout out to the entire IBC crew in the background that helped us pull this together.
We've got some great guests that are going to be rolling through here and a few as well.
And of course, the ones that are already here, my man, Druth.
How you doing, good sir? How you feeling?
I can't hear you if you're talking.
I can't hear him either, Kelly.
Hey, Drew, hop down and then hop back up.
We'll go to Crypto Billy.
Crypto Billy, a longtime friend of mine,
also building some incredible things within this space.
But I know he's one of those silent warriors.
I just want to point this out
because a lot of people get enamored
by somebody that's got 30,000, 300,000, 3 million followers.
And then you got guys you talk to that have 30 followers, 1,000 followers, 1,500 followers that sometimes have better alpha and a lot more history than other people in this space.
So with Crypto Billy, he's one of those individuals that's been building, stacking, and inspiring in this space for quite a long time.
Crypto Billy, how are you feeling about these prices with where we're at just following the 4th of July?
We've got a full moon coming in tomorrow.
I don't want to believe this has anything to do with the full moon,
but hey, it's a fun thing to talk about.
Markets are ripping.
How are you feeling, brother?
Thanks for coming up.
Yeah, brother, no problem.
Yay, those full moons, they've been playing out, you know?
So we laugh about it, but they have absolutely been playing out.
So we kind of joke in the trading spaces, a lot of spaces I'm on, but we've been tracking them.
It's amazing. I can't I don't understand it.
I don't see the technical analysis side, but they have been playing out.
I'm feeling great, Kelly. Thanks for inviting me up.
This is remarkable, Rip. We've all been so patiently waiting, right? Now,
we all got to be careful, too, because we never know. But all of the indicators, when you go out
and look at the weekly, the monthly, the daily, we've been waiting for this, right? And so I'm
really, even though I track Bitcoin,
have Bitcoin, own Bitcoin, big Bitcoin guy,
but I'm really more excited because ETH has woken up
and I think that's gonna mean some really good things
for a lot of the other alts as well.
And so, yeah, man, I'm excited, my friend.
I'm very excited.
I definitely agree with you there.
And just even for anybody that's out there tuned in, that's a Bitcoin maxi at minimum, you can at least relish in compassion
and empathy for everybody that's been doggedly holding altcoins and Ethereum wondering why this
market isn't doing them any favors. Well, Bitcoin's been the star of the show. It's on the government,
you know, wishlist. Now they're really moving forward towards legislation to get some things stacked.
We're seeing different nations around the world stacking.
It's real.
It's not a hypothesis anymore.
There is a race from corporations to stack, and it's going exponential.
I think it was 159,000 Bitcoin were bought up, eaten up by corporations and publicly traded companies in
quarter two alone, which is fantastic to see. And this is only just getting started.
But then on the flip side of that, you've got the other half of the market where,
again, back to the compassion, if you are Bitcoin maxi, this is why it's felt like a
bear market and sentiment in this market while bitcoin's been just performing incredibly but the rest of the altcoin sector has just been just you know basically thrown by the
wayside with all the capital flowing in the other spots i still think we're gonna have some major
moves in the altcoin market but bitcoin is the star of the show right now i want to throw it over
to uh first off druth to see if you got your mic working and then we'll follow you up with that
yeah hopefully it's working you can hear me right now is this thing on beautifully yes all right cool um yeah dude
altcoin season basically turned into a bad word there for a uh few months you know you felt like
a idiot for saying alt season you know talking about bitcoin going absolutely ballistic me and
you kelly we've been pretty adamant that we can see Bitcoin dominance go down and price can do just fine.
And really, you know, seeing this move for Bitcoin, it's not surprising.
You know, now we're going to be matching up pretty closely to that M2 money supply increase once again.
And, you know, it's been really kind of an incredible time for people that have had the ability and the conviction to stack more Bitcoin into their positions, more good projects, more good trades.
When we fell down to $75,000, there was a lot of pundits calling for this long-term bear market, some sort of absolute destruction, a new Great Depression was coming.
And I think they've been deemed the
panikins uh they're all probably screaming to the ceiling right now i mean the s&p 500 is moving to
new heights bitcoin moving to new heights and the plan for government printing has you know
basically sped up to levels that i really wish we'd never seen. But the more they
print, the higher Bitcoin goes. It really makes me wonder, like, where is the top for Bitcoin?
If they're just going to consistently print money, like, and it continues to follow this M2
global supply, where the hell is the top, man? It's absolutely incredible to see. And it is nice
to see Ethereum hitting that $3,000 level again, man.
I'm waiting for fireworks on alts.
Yeah, I definitely hear you there.
I actually shared a post I did earlier today, and I've been sharing this chart for the past two years.
It's from Rational Roots Bitcoin strategy platform where it basically shows an aggregated
global liquidity.
And I just highlighted there when you see an aggressive uptick in the global liquidity, which isn't just M2, it's People's Bank of China, it's the Bank of Japan, it's the Euro,
all those things, great British pound. And you can see that the uptick, which we've seen different
versions of this chart, but this just is just a very simple, you can see the uptick in the blue
wave on that chart that's up in the nest at the top, always front runs when you see massive moves up in the Bitcoin market. And what we've just seen, as Druth just pointed out, is not only
did we just get this big, beautiful bill, and we're not here to debate politics on this episode,
but we just got a big, beautiful bill. So as somebody that's in markets,
subtract your political bias entirely and say, how does this potentially affect liquidity? How
does this potentially affect certainty and uncertainty in markets? And not only do we get that big,
beautiful bill, apparently there's two or three more bills that are on the horizon,
which is only going to, yes, destroy the value of the dollar to Elon's points. However,
if you're in assets, then this is a bit of a godsend if you subtract the morality of what that means for
everybody else this is why we all get up here and say hey get invested because we want to make sure
people don't get left by the wayside by the destruction of the dollar but we got crypto face
in the house i know you don't have long typically i want to get to you and then a follow up with
ethan because i know ethan will be leaving here in a bit as well crypto face you've been making
some monster trades lately seeing this the swings in the wind here what's your sort of outlook from here my front my brother
thanks for coming oh thanks for having me is this thing on is this thing on you're good check check
i need more snare my headphone um so uh you know the turtle wins the race the turtle wins the race. The turtle wins the race. Um, this is the fourth year of the four year cycle,
you know, whatever fun new made up indicator of the year is probably good for this year,
which I think this year is that M2 money supply thing, you know, two cycles ago was the pie cycle
top. Um, it's, uh, you know, it's listen, it's, we got, we got what, five months, five months parabolic movement coming in, you know, probably November, December, as well as, you know, right now it's pretty good too.
So everything's going as it's supposed to, everything's going as it's supposed to.
We know this year is going to be, it's super volatile and dangerous um but the
price overall goes up and to the right and so um i don't know i guess we you know we told you so
we told you so uh these are these are the good times man long them bottoms long the bottoms
yeah this is well your meme coins get rid of your meme coins. Get rid of your, sell your dog with hat while you can
and put it into something that's not as bad.
Yeah, I hear that.
This is when you feel really good for those that were bold enough
to call a potential reversal on that move from 109,000 down to 77, 75, 74.
Are you just being a bull moon boy
but looking at some divergences looking at the vix looking at testing a previous range high and then
at bouncing are you lucky are you just sort of weathered in looking at these market cycles as
crypto fish just pointed out and yeah it's the i told you so's but this market at the same time
man this has been an interesting one for sure but we we got Ethan in the house too. I know you've been in the markets for some time, rode things all the way up and all
the way down, but also stuck around and we're able to get back in the fold, which I think everybody
has to pay a little bit of that tuition. So what's your thoughts on the market today, brother?
Yo, today's been a pretty good day, huh? Yo, I'm seeing these markets looking hella green right now.
been a pretty good day huh yeah i'm seeing these uh markets looking hella green right now and uh
sometimes i'm thinking ah we we get into the top we're getting too greedy but the good news is guys
i i got an uber today i got an uber today and he didn't talk about crypto so you know the uber
signal never fails if the uber driver ain't talking about crypto you keep buying simple as that so i just went um a
thousand lex a thousand x leverage today um i got liquidate immediately so i went long again but
we're up now um but in in other news bro i'm moving to dubai in 13 hours um that can't believe it
can't believe it man um i had a good day today with my uh my little sister i took her out as
like a bit of a goodbye day out and uh as
if i can't escape crypto i can't take one day out she was playing on the claw machine at the arcade
right and she wins a toy and i go oh what did you get she pulls out a board ape like plushie toy i
was like oh my god how how i can't i can't believe it can't escape nfts they're everywhere but yeah
um i'm bullish on the news um i'm bullish They're everywhere. But yeah, I'm bullish on the news.
I'm bullish on everything that's going on today.
I'm bullish on you, Kelly.
And I can't wait to see what happens next.
Well, I'm bullish on you and everybody that's tuned in here and showing up, everybody that's on the panel and everybody that's in the room.
Make sure you're following these folks that are on the panel because sometimes they pop
in and pop out relatively quick because a lot of these guys got a lot going on, as I'm
sure all of you that are listening here. So make sure you're giving everybody up here a follow uh but again
this is uh exciting i know it's been boring we were talking in the offices uh over hit network
how we were bored when it was uh you know consolidating above a hundred thousand dollars
even the people that have been in the market 10 years ago why isn't it moving and then you you're
like fuck i'm on the 15 minute chart let me zoom Oh, this is moving like a mofo. Let's have some patience because 64 days consolidating above 100k and the Bollinger bands constricting as tight as they did on the three day and the weekly. I mean, the big move was coming and the pressure is to the upside with all this liquidity and positive news. I mean, at least that's my thoughts, but throwing it back to back to you druth and we can move it around the room a bit yeah i mean you know we have all the positive in the
hopes and stuff like that but we also do have good indicators you know there's data sets like market
cypher like voomans all these things showed us it was time to back up the truck right when we were
at about 85 000 bucks as when i saw that cypher green, you know, we've only had those types of weekly green dots three times since September.
We had a green dot on the weekly in September of 23, again in September of 24.
And now we just had it.
We're at 85,000 bucks.
And it's really up to us, you know, if we're so focused on crypto and finding those right points to buy to understand these different metrics that we can use, there's some powerful tools out there that you can utilize to basically make sure you're not blasting tops in terms of spot holds and, you know We haven't really touched on the fact that as the Fed CME tool sits right
now, we're looking at two expected rate cuts, September and December. This year, October is
basically neck and neck as far as if they're going to give a Federal Reserve rate cut. It's about a
margin of 1% on either another cut. So we're basically looking at two to three
rate cuts so far this year. And I really, you know, I think that we have a kind of a three
headed Hydra of bullishness that we're staring down the barrel of right now. Because if we do
get three or more 25 base point cuts, if we do see further pressure from the housing authority in the United States,
$120 trillion asset class calling for Jerome Powell to resign, which I do think holds more
weight than even Trump asking or starting the narrative for Jerome Powell to resign. And
as you mentioned, Kelly, two more massive spending bills coming out of the house.
This is a three-headed hydra of absolute risk-on activity that I think we're looking at right now.
It's gone a little bit under-discussed.
You know, I don't want to be too bush and we get too, you know, I'm not really looking for $500K this cycle. But honestly, if I see all three of these things clip off i'm gonna be
looking above 200 000 you know i see we have caleb friends and he does some great work on the
markets caleb up on up here we have oh i just i think i lost him caleb does your microphone work
i want to get your thoughts he's still on here yeah i'm here what's's up, guys? Well, hold on. First off, hey, Caleb, before you go, I want to just give you a bit of props.
Caleb's been driving an aggressive, just actually, I don't want to say aggressive,
steadfast to the convictions that he's outlined for the last two and a half, three years
about what was going on with not only the Fed policy, with the Treasury,
with what's going on with bond yields and how all those play in not
only to stock markets, but also what's going on, especially with Fed cuts and the outlook going
forward in terms of labor market and all this. So a huge amount of respect for Caleb. I know,
I'm sure he's going to drop some alpha here. So Caleb, take it away. I'm not sure where you're
reporting from today, whether it's Bosnia or somewhere, but I know you're somewhere on the
ground. No, nah man i appreciate you
brother thank you for that and thanks for having me up um yeah i'm calling in from belgrade serbia
here for another few more days and i'm off back to bucharest um but look man i mean this has been
a fucking epic breakout after basically a six month plus consolidation the last time we had
something like this was back in q4 of last year and Bitcoin ran 47 percent over the course of a few months.
So if we run 47 percent from this breakout above 112, that basically gets us to like 150K plus.
So, you know, from that standpoint, it's pretty unequivocal.
We have to be raising price targets and looking to the upside.
There's nothing bearish whatsoever, folks, about the production of new all-time highs, because the production of new all-time highs is simply confirming to us that we are still in an uptrend.
And if you decide that you want to fight the uptrend, that's your prerogative.
But I'll tell you what, I'd rather be a goldfish trying to swim downstream, or excuse me, a salmon trying to swim downstream than a goldfish trying to swim upstream.
than a goldfish trying to swim upstream. So when the wind is in our sails and we're producing higher
highs and higher lows, I'm going to do every single thing that I can as an investor to align
with that trend and benefit from it as much as I can. So when we're getting this production of new
all-time highs, maybe I'm not necessarily buying this breakout, but I'm certainly not selling into
this breakout. I want to see if we can get to my price target here of $139,000 within the next one to three
months.
How am I getting to $139,000?
Go ahead and just draw Fibonacci from those January of 2025 highs to the April lows of
this year.
Make sure you have your chart in logarithmic scale and change the setting of your Fibonacci
to have your Fibonacci levels based on logarithmic scale.
You're going to get to exactly $138,500. So I'm rounding up, I'm calling it $139,000. But I just want to be
very clear, that's what my intermediate term price target is for Bitcoin based on this breakout move
is that we're going to get to $139,000 within the next one or three months.
I love it. Yeah, it's a great balance of thoughts on that,
you know, and great charts you've been sharing.
I actually shared one of those
that you shared a little bit ago
about, you know, even Bitcoin
on a more of traditional TA basis,
looking at the 200-day moving average.
It's still, you know, it's not frothy.
There's a lot of room to go,
especially if anybody looks at on-chain data.
There's a lot of signal that
if you compare to last cycle a bit, but a lot more like 2017
and the amount of room to the upside, whether you're looking at the separation on the NVRV
of short-term holder cost basis or just a general NVRV or the reserve risk.
The surprising thing to me has been this entire bull run all the way since January of 2023, the start of the run,
all the way through this year, the reserve risk metric has stayed in the asymmetric sort of zone
on the bottom saying that there's relatively, not relatively, there's a large more amount
of a reward versus risk. And this is on uh the strength of basically long-term holders
uh holders that never sell those types of wallets and the churn and the froth in other parts of the
market so it's been incredible to see how this market has developed especially with all the new
landscape with the administration but we got some more people in here uh i see we got victor uh how
you doing my friend good to see. Thank you for popping through.
What's your thoughts on the market right now with all this excitement? Do you think
we're anywhere near euphoria? Are we at the top of euphoria? Has euphoria not even started?
What are you feeling about where we're at in the market?
I think, first of all, thank you for having me, guys. This is a great question to be honest this bull run doesn't feel like previous bull runs it
it feels somewhat a little bit more bearish maybe a way to say that people are not overly excited so
saying are we in the euphoria phase yet doesn't seem like because the last time we've been in the
euphoria phase it really felt different that was like the moment where even I was second guessing if I should be holding, buying
more and then obviously regretting for not selling enough.
So I don't think so.
We're at this point just yet.
And this is a great moment in the history.
To be honest, what's interesting is that the government's buying is more probably hands are going to hold for longer as they accumulate that as reserves, giving this market a little bit more stability.
And to be honest, I feel like majority of the liquidity doesn't really have an easy entry in other like altcoins ecosystem, etc.
like altcoins ecosystem etc because they've got so much money to do so and for them bitcoin is
one of the things that they actually can slowly steadily be buying without pumping market to
infinity every single time even though i believe that is causing the pump partially this is one of
the reasons for it so yeah gonna be interesting trend to observe uh i expect people to anyways rotate from Bitcoin to the altcoins, and then we're going to have probably dedicated altseason.
At least I'm hoping for one.
I mean, out of watching on the timeline, I can say a lot of other people are also looking forward to the altseason.
And it seems like the attention is slowly shifting toward that.
So yeah, memes are not as good as they used to be.
So that's what actually gives
room to the altcoins because before i mean with the meme coin craze no one even cared for the
altcoins everyone wanted just to find the next thousand acts so today like everyone understands
that your chances and meme coins is much lower and i think they're looking for something more
practical even with a little bit less of the upside maybe like not a thousand I think they're looking for something more practical, even with a little bit less of
the upside, maybe like not a thousand X, maybe they're hoping for like 10 to a hundred. That
sounds a little bit more reasonable and ahead of many, and I understand them. So I would expect,
yeah, inevitably that the altcoin is going to also kick in. And then the meme coins probably
going to also boom after that and also in the ecosystem of the altcoins.
I definitely agree with you there.
I think, you know, just going over a few briefly of the narratives in the last 10 years, we
had the ICO craze back in 2016 into 2018.
And that was essentially the same as what we saw this last year with the token deployers
with Memecoins.
Everybody was looking, can I get this
early and ride a lot of value? The difference was in the ICO season, there was one, 10, 50,
maybe a hundred over the course of a period of time, which felt like a lot. But 2024,
there was some millions of meme coins that were deployed. So even if you just take off the
individual assets,
if you look at the amount of capital that flowed into them,
it was massive.
Massive amount of capital went into memes,
but very few of them really pumped.
However, where we're at now,
although Bitcoin is sort of the king apex of the market,
everything just changed, Drew, right?
With the Genius Act, with stable coins,
and with RWAs, with things like Ondo and other tokens that are actually realistically moving into tokenizing stocks and such, there's a whole different focus now in terms of what may be possible with altcoins, which is massive, but also limits the likelihood of the whole coin market cap going up on the same day like we saw in altcoins past.
Absolutely, man.
You know, this
is like we we've seen the Genius Act move through. We got a lot of regulatory framework being
solidified for stable coins. We've absolutely seen so far the beginning of a stable coin super
cycle. But I think what's being missed here is governmental and Wall Street level interest in the rewards of staking in crypto and that yield
that they can earn out of our industry and really expand our industry with it. And this is something
that I have talked to people that have experienced previously working inside the halls of BlackRock.
They and myself included were of the opinion that once we start seeing that toe
of Wall Street be dipped into the staking of Ethereum and even Solana, that was the nitrous
oxide that we needed to see to really start to get this engine cooking for altcoins and larger
institutional interest in these altcoin plays because of the yield that they can earn on it,
because of that cash that they can print on it.
Not to mention the stablecoins.
The Treasury is froving at the mouth to use stablecoins
to purchase Treasury bonds and extend Treasury purchases with those.
So this is a lot to think about.
It's a lot of information I'm throwing at you,
but these things matter when we're asking who the hell is the Grinch that stole alt season.
I think the Grinch just delayed alt season.
I think that if you only look at the alt season, really where the money has shifted so far is we're dealing with a more sophisticated Bitcoin holder that doesn't have to sell their Bitcoin.
They can take loans against it. And if you want to see the alt season graphs, go look at Circle and, you Circle and Coin, because these are the first beginnings where we have large-scale institutional interests.
But Crypto Billy, I see you got your hand up.
Let's get you up here.
What you got, brother?
No, no, man.
That's perfect.
So I was on a space with Charles Hoskison last night.
And you're right, Drew.
He was saying, and you can go listen to the space that was recorded.
It was kind of like a question and answer, so no given topic.
But he basically said the Clarity Act is the big one. A lot of attention on Genius Act, but he said there is billions of dollars waiting on that legislation to pass that's coming in.
to pass that's coming in, big companies waiting, just so there's some clarity, right, between the
CFTC and the SEC. And he says, when that happens, he said, there's billions of dollars,
you know, and he's going to be going to testify in August. As we know, XRP, Darlinghouse just did but he's going in August so he's
kind of plugged into what's going on
in the legislative world
in D.C. and so
he sounded like he had
first-hand knowledge
of just the billions and billions of
dollars in the company sitting on the sign
waiting for that Clarity Act of 2025
to pass so to your point
things have changed things have changed.
Things have changed, and we're all here to participate in it and to see it.
And good for us, right?
I mean, holding and being true to our values and beliefs in this.
So, yeah, man, I'm excited.
Yeah, I mean, there's so much excitement around all this.
I think it's important to also remember some risk mitigation and the funny thing about that
I think everybody on the stage would agree the biggest risk mitigation you could do right now is buying Bitcoin to get out of the dollar, right?
The question is what's your what's your time frame? Are you gonna be willing to buy if it dips a little bit?
Can you still add or hold but we got a bunch of people on the stage?
We got a great lineup here a lot of people on the stage. We got a great lineup here. A lot of people in the room, too.
Shout out to everybody that's tuned in.
Another Mario Nalphal breaking new space, breaking down what's going on with Bitcoin,
going into price discovery.
Ethereum finally back at that 3K level discussing what that means kind of for the alt market,
but then also what the landscape is looking like moving forward.
Make sure you're following all these panelists up on stage. Share this out to your friends.
Get involved in the comments.
We are checking those,
but we're going to continue rotating around the room.
I want to get over to BitPetro,
but I want to ask Caleb before we get there,
while we got you here,
you do such a great job with the broader markets
and some of the calls on the Fed rate cuts.
Of course, we want to talk about Bitcoin.
We want to talk about crypto,
but this monetary policy has obviously had a pretty big impact
on the sort of uncertainty and certainty, the risk in markets.
So a lot of people are starting to speculate on the moon boy side.
We might get this massive rate cut in July.
Other people say it's not even possible, likely to happen until September.
What's your general outlook on what you think is going to happen there?
Because that would obviously be a major driver for the markets if it were to happen sooner than expected or not.
Yeah, look, I hate to be the boring guy talking about rate cuts and the treasury market, but it
is an important point here. I think the amazing thing about it, actually, Kelly, is the fact that
the market keeps pushing out the expectation of rate cuts, and we still remain in an ultra strong
bull market across the entire risk spectrum.
So even though rate cuts have been pushed out as much as they have been, we're still
seeing industrial stocks make new all time highs.
We're seeing the S&P 500 make new all time highs.
We're seeing the NASDAQ 100 make new all time highs.
We're seeing semiconductors, software stocks.
Everything is making new all time highs.
Now, obviously, we have massive follow through here here with the price of Bitcoin reaching $116,000 tonight, right? So even though the market seemingly, so many investors have expected
that we need rate cuts in order to sustain this bull market, that actually has not been the case.
We can point to the simple fact that rate cuts keep getting
pushed out and we still remain in an ultra strong bull market. So I wanted to say that first,
because the point that I'm about to make now is might sound a little bit bearish for people who
didn't have that initial context, because my general assumption right here, right now,
is it's highly, highly unlikely that we're going to get any rate cuts within the next two to three
months. So my expectation right now is that the soonest we will ever get a rate cut,
based on what we're seeing in the economy right here, right now, is the September meeting.
But even right now, that seems like a fairly low probability to me at this point.
The whole thing, though, is it really doesn't matter, right? The market knows rate cuts are
eventually coming. In my opinion, that's all that's really important here. Whether it's in
September, October, November, December, I actually don't think it really matters that much yeah
great great points there at the end of the day bitcoin and assets in general are just sort of
bucking the trends i was speaking yesterday in the mario space and i said i would have hate to
been an economist that studied for years and years and you know had a mentor and then got thrown
into the market in the last let's say six years ago and then had to look at
the historical trends and look at this going I don't know what the heck this
mess is everything is different so it's very interesting but I'd love to get it
over to bit Petro always great takes here because one of the things that
hasn't even happened even with Bitcoin at this price is you know the issuing of you know
sovereign debt to buy bitcoin that's one thing but also the energy sector and also all these
things to come that only support a positive outlook here but i don't want to pigeonhole
bit petro on what to speak about but what's your thoughts here on the market brother thanks for
showing up thank you for having me and uh look the first thing I want to address is the lack of an alt season. I think that number one, it is apparent that Bitcoin adoption is happening at the institutional level and that altcoin adoption is not. I'd say reason number one, because the main reason driving pumps in any of these markets is
liquidity. And so where's the liquidity coming from? It's coming from TradFi pouring into Bitcoin.
What can I tell you about that? I can tell you I'm shocked at how many income call option strategies are now being built around the bitcoin complex that alone just let's
talk misty alone is what is it four billions after a billion under management in a year and a half
um that's pretty crazy um i i expect that there might not be an alt season because the alt season might be in TrapFi.
That the alts are TrapFi tokens that are being created that are doing exactly what TrapFi promised to do,
which is promise you yield on your Bitcoin.
And I have, you know, I'm not an ultra maxi.
You know, I'm not an ultra maxi. I lean maxi. But I got to tell you, the case for yield on alts and yield around alts is very, very shaky when you've got, you know, active market participants printing implied volatility as monthly cash flow, now weekly cash flow.
I lean maxi.
Applied volatility is monthly cash flow, now weekly cash flow.
You're going to have a really hard time not making that gap or making it over the gap of traditional finance
and the access of the normal person having to that versus a staking token.
Not saying that staking tokens don't have their place or
their value maybe they do maybe they don't what i am saying is that the tool that bitcoiners and
investors in crypto had been looking for was yield on bitcoin and it appears that traditional finance has really stepped up.
I definitely agree with you there.
And I want to highlight to Matt Hogan from Bitwise actually made a comment the other day
on one of the Mario Nallfall space, the morning financial space, the morning rundown or whatever,
that he's aware of within the last three months,
because obviously he's very on the institutional sort of track that he's really got eyes and ears
on the ground of what's going on there. Although ETFs were available last year, January 11th of
2024 to now, in the last three months-ish, he's aware of roughly $10 trillion in assets under management with access from registered
investment advisors that only recently have started to get the approval from their, basically,
their financial houses, from the different institutions, the different brokerages.
Because although these ETFs are legal, it still takes some time for the institutions
themselves to say, yeah, we're allowing you to recommend this to the clientele.
And he's saying roughly $10 trillion has recently opened up.
And this is just scratching the surface of, you know, the financialization of getting
these things pushed out.
And that's to your point, that to your point, you have the state situation right now where
you were mentioning about the SBRs and Texas has already has already passed it it's already been signed into law guess what
hasn't started purchasing anything the the sbr on the federal side hasn't started purchasing
anything how about 21 old boy hasn't started buying a thing how many billions dollars is he after ready to deploy this is gonna be hot
Yeah
There's no stopping this train for Bitcoin just like Lynn Alden says there's no stopping this train for the debt crisis that is going up
So that's why I'm here. It's why I'm excited
but I want to keep rotating around the room in fact since I just mentioned the
the registered investment advisors and all that capital that is coming in to the market and starting to get earmarked as a green light to
start talking to those clientele we also got joseph here who is also you know works uh you
know as a financial advisor i'm just curious your thoughts on the market now in crypto it getting to
the point that it is now on the world stage in addition to the fact uh of just the appetite in
your circles are you know what of just the appetite in your circles
are you know what are you feeling this within your circles outside of crypto when you talk
to people and also your own personal sort of thoughts on where the market's at
that's for joseph if you want to hop in
and joseph's not paying a baby his audio is not working so a drop down we'll bring you back up
so uh we're gonna pull up uh we got dennis porter here let's get dennis porter in the mix
dennis porter for those of you that don't know is uh part of the satoshi action fund and he is
silently working on behalf of every single one of you that's in crypto even if you don't hold
bitcoin the work that's being done on bitcoin is paving the way also in many ways for those in the altcoin sector. You know, legislative meeting with all the
legislatures on both sides of the aisle in Washington, D.C. and across the country. But
Dennis, markets above, you know, bull flag at 116,000, ETH back at 3K. It feels like there's,
It feels like there's only higher to go.
you know, only higher to go. What's your thoughts? Thanks for being here, brother.
What's your thoughts?
Thanks for being here, brother.
Glad to be on, and I appreciate the kind introduction.
A lot of great points were made.
I really love the point that was brought up by BitPetro talking about how a lot of this
buying hasn't even really begun.
Certainly, there's probably folks in the space who are starting to price that in.
But another thing that's going to start getting priced in here, and I think is making an adjustment on the way that investors calculate their positions in the
space is the movement of policy at the state and federal level. Particularly, I believe that
market structure legislation will be a big boon for the industry. For many, many years,
people have stayed on the sidelines waiting for these types of regulations to come for the space,
waiting for there to be proper guardrails. I mean, at the end of the day, people that are looking to drop a billion or $10 billion into Bitcoin,
they want to know that there's regulatory certainty around this space.
And we have not had regulatory certainty at any point in Bitcoin's history or in the crypto industry's history.
So having these rules of the road established so that very high net worth individuals feel confident in investing not only into Bitcoin and digital assets, but also into the companies and the infrastructure that is going to be built around this technology is making a stamp of approval before I bought it. I've been in Bitcoin since 2017. But there are a lot of folks that the government stamp of approval makes a
massive difference on their decisions to invest into the ecosystem. So I would also say that that
is making a big difference on how confident investors are feeling about Bitcoin and digital
asset investments. I couldn't agree more with you there. Yeah, there's the whole landscape is
changing, not only for people that have been in for a long time, but even the major players. And
BitVetro hit the nail on the head. We're all like, oh, my God, look how much capital is flown in.
It's like, guys, this is just like a pinprick in the side of a dam. There's about to be, you know,
nuclear bombs going off in that dam. And there's not going to be a dam any longer. There's capital
flowing into this market.
But we've got Wendy O in the house as well.
Wendy O, how are you doing on the West Coast?
Is it still the best coast?
I know the market is doing incredible
no matter where you're at.
Thanks for being here, sister.
What are you seeing on the market?
Thanks for having me.
Yeah, the West Coast is always the best coast,
even though it's a hot mess over here.
But it's just really exciting to see
everything start to move price-wise. I just hope that shorts don't get wrecked at $120,000 because, I don't know, I just
hope the market keeps going up and I hope we finally start to get an altcoin season. But at
the same time, I'm a little bit cautious too, just because we see all this excitement happen.
Bitcoin's kind of stealing the show this cycle. And then a lot of altcoins are not doing what
people are expecting them to do. And we're getting like minimal gains on altcoins, like 3%, 5%, 10%.
So hopefully things start going up and we actually get into this bull run. I personally think that
once we get a lot of these crypto spot ETFs approved, that will help. And then kind of what
Dennis was saying, we're supposed to get a lot of news regarding the laws and regulations and
new things happening.
I just hope that I hope that it doesn't take away the decentralized aspect of crypto.
And again, I'm always a big supporter of the accredited investor law getting abolished because I don't think it aligns with what we do in crypto.
Yeah, if accredited investors are so important, what happened to Enron, right?
We sell out for higher price, you know what enron right hey we sell out for higher price
you know i'm saying we're we sell out for higher price action you know so whatever oh my god well
it's been easy to bet against alts man i mean now i do see a pretty big uptick of eath interest from
blackrock investors i'm also seeing a ton of applications for staking on altcoins.
And yes, they're not here, but just the same as the Bitcoin strategic reserves are not here yet.
And the massive movement that that will cause, I think it's, you know, kind of short-sighted to
not acknowledge the, you know, not approved yet, but available in the future, in my opinion, staked Ethereum products.
We've seen Ethereum's transaction fees go from seemingly dead to parabolic. The market is at
a 50 in terms of fear and greed. And in my opinion, when those do go live, that's when
nitrous oxide gets poured into the gasoline of them.
And I do think that they're going to go live because the markets need to find and take advantage of these tools.
What do you got, Faith?
I am looking at the Ethereum weekly chart, and I can't believe I'm going to say this.
You better say something bullish, okay?
I need that $10,000 theory. Not financial advice, you guys.
I'm just delusional.
I can't believe I'm going to say this, but ETH looks like it might revisit its all-time high again.
I can't believe I'm saying this.
Yay, that means it's true.
ETH is looking good.
Money flow is just getting started coming in.
The RSI's are looking really good.
I was heavy shit-talking ETH for a long time.
But it's the obvious choice right now for investors because Bitcoin is still a high price.
So it's going to be back to, I think it's going to be back to Bitcoin and Ethereum.
I like Bitcoin and Ethereum cycle.
You know what I'm saying?
Like bring back the old 270 2017 feeling of
bitcoin ethereum um so yeah no this is looking good it's looking good there's also i forget what
i forget it was a it was a bitcoin or we used to be a bitcoin mining company but they recently
sold all of their their bitcoin on their treasury and swapped it for ethereum primarily because
um the the the CEO said that
there's more interest in Ethereum because their people think that there's going to be a lot more
upside, which does make sense if you look at it from what's, you know, like cost perspective.
But at the same time, like Bitcoin is just so completely different than all other altcoins.
And I don't know. I don't know exactly what's going to happen, but we are seeing a lot of
Ethereum treasuries being created and Ethereum being added on balance sheets and whatnot.
By the way, I think that was BitDigital, which trades under BTBT. I don't have any position,
but I just wanted to clarify on that. Yeah, I covered it on the show the other day.
We're covering so much stuff so fast that I can't remember all these companies' names.
Yeah, this has been an interesting, I mean, everybody just for a
moment, take a pause, think about the feeling and the concern or the question about the crypto
ecosystem June and July of last year to where we're at now. It literally is a different universe.
And, you know, Wendy, to your point, we were talking about in the studio the other day,
how it's like, you know, you kind of get, I'm not feeling disenfranchised, but you started
feeling bored with seeing headlines that perceptively weren't really moving the market,
but it wasn't one or two or 30. It was like 150 in the last three months. Right.
That's exactly like, cause I do, you know, I do content on all the other socials. I do like
Facebook and Instagram and Tik TOK and YouTube, all the stuff. And that a lot of people are so frustrated, like, especially
the XRP army, they're so frustrated because I'll make a video of like this, you know, this happened,
you know, this got approved, this is where we're out the lawsuit. And I'm like, this is all really
great stuff. Like all these ETF, the applications and whatnot, and all the progress that XRP is
making. Because again, it's a really, really big community. My personal opinion is the second biggest crypto as far as our most popular
crypto,
but like everybody's getting so fatigued and they're getting so tired of price
action.
And it's very hard.
You know,
I can tell they're exhausted all,
all the,
a lot of the different crypto ecosystems,
because a lot of these all coins are trading more like stocks as far as the
gains go.
And,
you know,
we really seen crypto stocks like the coin base. And what was was the other one um circle all those do incredibly well but people
are getting tired of the this price action well you know what i i understand all time pounding
the all-time highs is is like what we need to bring back all of the tired zombies who've gotten
scammed from the last three cycles of altcoin in crypto markets.
You know what I'm saying?
Like, we've gone through so many cycles.
Everyone's so tired of hearing about the same stuff, and their altcoin bags are down so bad.
It's like, man, pound these all-time highs so we can revitalize the zombies and then scam them again next year.
Oh, Jesus.
No, this is the thing, though though is just a lot of people when they
like i just feel like so many people are used to investing in like a 401k and they don't understand
the basics of trading or at least like profit taking and they don't understand that like they
think that they can hold on to a lot of cryptos for like five years ten years whatever it is and
that's okay if you think that but you still have to have an exit strategy like everybody for example
if we were to take a poll of all the Americans that are in the, listening to this space right now and ask them,
do you have a 401k? And when are you planning on taking profit of that? They're going to do it when
they, when they, when they legally can to benefit them the best way tax wise. So everybody has an
exit plan. It's just in crypto, for some reason, we have this stupid hold mentality. Again, I'm not
telling people they have to dump everything, but you should de-risk a little bit.
Well, you know, Wendy, to your point, BitPetro- Not Bitcoin, though.
Well, yeah, you're right.
But BitPetro brought up a good point earlier.
And I think CryptoFace said it as well.
This has felt very much overwhelmingly like a much more of an institutional and corporate driven cycle. And if that's the
case, it kind of makes sense why, especially you even look at Bitcoin, it's felt boring at times,
but then you look back in January, 2023, it was, you know, $15,700, $16,000. And it's gone from
$16,000 to a hundred over $116,000 in the matter of a year and a half, which is astronomical gains. But everybody saw the
stories from years past or even experienced some quick rips on this coin or that coin. And you're
just expecting that it's only 70% rips every other week. And this cycle has really humbled people in
terms of patience. Because even within that, we're acting like it's not moving fast. And it's still,
I mean,
one of the fastest growing assets in the asset classes in the history of the world. And we're
just mad that it's, you know, only 77% faster than the stock market instead of 3000%, you know,
but there's bigger players here. Well, but also too, though, is that people are like a lot, you
know, memes kind of took over the cycle, especially on Solana, which is great and and fantastic i'm happy for everybody that's making money you know over there i'm not playing
around with them too much but we're seeing a lot of the liquidity you know kind of reside in the
solana ecosystem and with the meme coins and stuff and a lot of those are just so quick in and out
they're completely different from the memes we we had on ethereum and defy summer of 2020 like at
least like those would sustain a couple months like Like you had time or even 30 days,
you had time to get in and to profit take and to kind of watch the market and
whatnot. But this cycle is just so much different.
And then plus we have AI and we have all these bots that just make it so much
easier to get in and out. And I personally think that, you know,
eventually there'll be a shift again, but it's going to,
it's going to take some time, but I got to go guys.
Thank you so much for having me.'ll join back again bye bring back the cycle again where it starts with bitcoin and then
ethereum and then the new scam shit tokens and so on and so forth you know what i'm saying
there's too many there's too many altcoins bitcoin and eth Ethereum cranked up a little bit of leverage.
It's easier to do it now more than ever.
Like it's easy to, it's much better, a much better idea in my opinion to get a good entry on Ethereum or Bitcoin in a bull run and turn the gas up like 3x, 4x leverage than hoping your Solana dog with hat token is going to do something because
you're never going to sell it yeah i love i love that uh that sort of approach uh and for anybody
if you don't know who crypto face is i'm going to behoove you right now uh make sure you give
him a follow you'll be entertained one because he's an entertaining guy but i i this isn't just
my personal bias this is kind of general uh, pretty broadly in the crypto community.
He's probably not only one of the best traders in crypto, but also across all markets.
He is a hell of a fucking trader.
Sorry for the language, but that's only.
And a great guy.
And a great guy.
Yeah.
Um, but there's a lot going on in these markets.
We've still got a lot more people up here on the stage.
Make sure you're following these speakers.
Everybody.
We got genuine articles in the house too.
Sin City Crypto, Crago.
We're going to be getting to all you guys.
Genuine articles.
I know you've been sitting there with the PFP staring at me off to the side for a bit now.
How are you doing?
What are you thinking about the market, brother?
I'm doing great.
I mean, I think events like this, like continuing to make new all-time highs,
is what's going to bring more participants back in the market, as a number of people have said. I don't think that meme mania is over.
I think it's just regrouping. And so some of the comments earlier about, okay, well, now let's
retreat to quality and stable things you can hold for a long period of time. I think if you're
betting against human greed and the desire to
get rich quick, you're probably on the losing end of that trade. I'm not saying that the way to win
that trade is to actually hold the assets themselves, but rather try to benefit from the
volatility and all the volume that's done, whether you're farming LPs on Meteora or using various tools like that or holding
the tokens of the launch pads themselves that profit so much from that activity.
But I think it's going to be headlines on things like Fartcoin that are going to really
get a lot of retail participation in the market, like people that are sidelined right now.
I mean, that markets itself. I mean, every time you have a talk show where somebody's talking
about FARC coin, making new all-time highs, like that's going to bring new participation
into the market. Uh, BTC all-time highs. Great. That's great for institutions in particular,
but more retail participation, it's going to be memes again.
Yeah. Unfortunately, uh, retail tends to buy the, the excitement the excitement uh and then sell on the smallest dip
and wonder why the market screwed them it's like the only thing that screws you in this market
as long as you're not in a meme coin the only thing that screws you in this market
really is if you have a lack of strategy or if your strategy is just emotion uh which is for
sure the case with 99 of people out there there. But we got Sin City Crypto in
the house. One of the best studios in the, I mean, God dang, they got a cool studio there in Vegas.
Sin City, how you guys doing? What's up, boys? Hey, you know, it's crazy. This was, I'm looking
at a tweet here from a trader. I'm not sure maybe you guys have heard of him but july 9th 6 a.m uh pacific
time said today's a great day to make a new all-time high for bitcoin and well bitcoin
closed at 109 187 and then we had july 9th at 1 p.m bitcoin hit a new all-time high and that
trader is crypto face dude this guy is a straight g crypto face man you are an absolute beast
so shout out to you brother and then uh man got some caleb in here crypto billy all you guys and
the rest that i haven't been able to share a stage yet or meet you uh great to meet you guys but what
an exciting time um i kind of agree with so i think it's twofold and i forget the gentleman
that was speaking earlier was talking about you you know, Bitcoin's not really going to bring in the masses or the retail.
Things like Farcoin.
I will tell you, the people with serious money, I'll give you an example.
A really good friend of mine, net worth probably three or four million.
My father-in-law, retired, gets a pretty big pension.
My mom's cousin, who owns like three mechanic shop.
These are the people that are reaching out and saying,
Hey,
are you still buying Bitcoin?
And really all they want to talk about is Bitcoin.
And then you have the other people,
the retail,
the average user who just nonstop,
you know,
they're either texting or talking about XRP or Cardano or
like the gentleman earlier mentioned, Fartcoin. So I think it's two pronged. And, you know,
I kind of agree with what Crypto Face said as far as market cycle and how money's flowing.
Although I do think it will stick to a similar cycle to some extent, but I think it's not going to be a, you know,
pray and spray to where you can literally blindfold yourself, take a dart and throw it at a dartboard and hit a 10x.
I think the alt season, as it moves from ETH to mid caps and low caps, is going to be a lot more concentrated than in the years past.
is going to be a lot more concentrated than in the years past. In the years past, you were able
to get away with the promise of what your project's going to do. We can do 100,000 transactions per
second. We'll be ready when institutions get here and when the users come. The users are here. The
institutions are here. So it's going to come down to what projects have the
infrastructure the liquidity and the users currently to support all these you know these
institutions and everyone coming on and so if you're if you're holding this is my advice to
anyone here listening if you're holding on to bags from previous cycles and you're hoping to get just your money back.
And let's say you invested in the top.
And that project is not one of doesn't fit the scenario that I gave you is not a salon is not an Ethereum is not any really any chain that has the infrastructure and the users and liquidity.
Don't wait for an all time high because there's going to be a lot of these altcoins. I
don't want to call them dino coins, but a lot of these altcoins will not make a new all-time high.
And so are they going to sit there and you're going to say, oh, you know, if it just goes up
by another 30%, if it just goes up by another 40%, I can break even. It won't happen. What
It won't happen.
What will probably happen is you'll be waiting forever because that day is never going to come.
will probably happen is you'll be waiting forever because that day is never going to come.
And so watch your portfolio.
Identify which ones you believe, A, have the infrastructure, B, have the liquidity, and are going in the right direction.
And institutions are actually looking to onboard onto their platforms.
And then as those old dino coins and the shittier ones that you believe or have identified are not going to make new all time highs when they pump, sell a little bit and then rotate it into those other alts on dips or rotate it into Bitcoin to keep things simple.
And so that would be my advice.
It was a little unsolicited, but I know I don't know how many might be, you know, a few people in here that maybe this is their first cycle.
But that is what I've been doing over the last two, three years. And so, yeah, man, it's super exciting. And
shout out to all the bears that were calling for the bear market when Bitcoin went from
1.0, what was it? 1.10, 1.12 down to 74. And also shout out to my friend Caleb,
112 down to 74 and also shout out to my friend Caleb who is who is nimble enough to be able to
identify trends and so when he came on our show a few weeks ago he talked about how he was flipping
bullish because of certain metrics and stuff he was watching so anyway a few months ago brother
this was in mid-april by the way this is why don't you the past few weeks we gotta run it back
bro what the hell man yeah come on dude let's run it back, bro. What the hell, man? Yeah. Come on, dude.
Let's bring it out. We'll connect after the, we'll connect after I'll give you,
I'll give you a, I'll send you an email, but yeah, man, I'm excited.
And a shout out to you guys. And thanks for bringing me up.
Thank you, bro. Appreciate it.
A hundred percent Kelly. Me and you were talking this morning.
We saw the 50% copper tariff rollout this morning.
We also saw a 50% tariff against Brazil,
a pretty large country, roll out last night
as Bitcoin is printing God candles.
This, you know, we need to ask ourselves.
We saw Liberation Day pull back.
Truth.
I think all the risk-off neurons
have just been completely burned.
People are like, screw this nonsense.
There's been such a risk chop back and forth of overwhelming bullishness.
And within 48 hours, complete relief from that bullishness and debarishness.
And then the flip-flopping back and forth.
And now we're seeing the markets just burning to new highs.
The V-shaped recovery we see on the S&P 500.
NVIDIA now just hit $4 trillion.
I was speaking with Deasy about this this morning also.
Everybody's wondering when retail is going to get in,
get excited about the market again.
They thought it was going to be $100K.
Maybe it's going to be $120K.
Maybe it has nothing to do with the K,
you know, what $100,000 plus market it is on Bitcoin.
Maybe it's when Bitcoin jumps and is the largest asset in the world, the only thing topping it being gold.
I don't know.
But I think there's an awareness that's happening in our culture now that's never existed before from social media that is heightened by the fact that we had COVID
in, you know, back, what, five years ago now? God, man, time flies. But COVID, because of the supply
chain, the logistics, the world shut down, and then the 80% of every dollar that's ever existed
being printed, we saw inflation rise in a way that everybody was affected in a dramatic way
very quickly. It wasn't like this burned up
over three years all of a sudden a year later they're telling us that inflation rose four percent
i'm like bro my my how am i spending as a single man a hundred and ninety dollars at the grocery
store for myself everybody realized that and social media there's talking about money printing
and we're talking about debt and so i think the awareness met with the change of culture around money and awareness within that people are like
screw holding dollars let's throw let's just ape into any asset we're aware of let's go
and uh i'm in it for bitcoin and uh some of the crypto out there but uh other people aren't aware
of bitcoin or crypto so they're throwing it into other stocks. But I'm excited about it.
Yeah, these are important metrics to focus on.
It's like it's a complete null, you know, dull reaction to major, major tariffs.
The markets are numb to this now.
And, you know, it created a great buying opportunity.
Liberation Day did that final nail in the coffin to get us down to 75K.
Great spot to trade up and out of.
But the dollar is losing
buying power very very quickly you know in a short amount of time if you had 100k well now you can buy
85 000 worth of stuff with it right so it's moving really really quickly i see ajt uh down in the
speakers pan he's had his hand up for a little bit of time uh let's check your mic and get you on up
what's going on how you doing man doing man? Doing good, brother. You sound good.
How are you feeling about these new all-time highs being set for Bitcoin? I love it. I love it.
You know, I'm more on the NFT side. I was the co-founder of Goblin Town. Obviously,
my PFP is a goblin. And now with like a meme coin with Gob that we launched like a few days ago.
Let's talk about bitcoin crypto let's
get away from yo yeah no no i'm not i'm just saying who i am i'm i'm not showing anything
but he's trying to chill he's trying to chill get him out of here get him out of here get him out
of here mario and vitamin but i'm i'm not uh uh yeah i think people are feeling a little bit
uneasy uh because every time it seems like we leg up um there's like a war or like something happens in the world um and so
uh i think like people are not sure if they should brace for like what has happened every single time
since we've started um you know the this new administration which is like it feels like
everything's going to go well and then it starts going down um and like i feel like when we're
starting to take some screenshots you should
start taking profits which i think everyone's sharing screenshots um but on on the other hand
it sort of feels a little different right it feels like real money's coming in or has been like put
aside for this and it feels like a lot of the things in the last six to seven months um of uh
like this administration is like that.
They were like,
you know,
sending rules or taking things away.
It feels like it's now all building up.
And if there's no new war and there's no massive drama thing,
it feels like this might actually be what we all expected when the,
when the,
when January started.
That's right.
It's the perfect time. The time, in my opinion right it's the perfect time the time in my opinion
it's the perfect timeline to burst into peak in november december again and then come january
february next year when real estate starts to take a big shit like right now real estate's kind
of like before panic um i think it's gonna be perfect. So like, I'm gonna capture my gains
and I'm gonna become a slumlord
for my crypto gains next year
when shit hits the fan.
I love that.
But you are right, AJT.
This time does feel different.
And then when I say that,
when I feel that,
it always gives me the heebie-jeebies
because I've wrecked myself in the past thinking that.
And we're seeing a lot of great things in this market that are different but there's a lot
going on. Caleb, back to you and then we want to get Discover Crypto in the mix. I just wanted to
say something really quick because you know Druth was talking about this with respect to the
purchasing power of the US dollar going down. I mean we're obviously celebrating the fact that
Bitcoin is making a new all-time high when priced in dollars. It is not making new all-time highs
when priced in euros. It is not making new all-time highs when priced in
euros. It is not making new all-time highs when priced in Japanese yen. It is not making new
all-time highs when priced in Swiss francs. It is not making new all-time highs relative to gold
or relative to the S&P 500. So again, as we're thinking about froth in this market, we actually
have the absence of froth in this market, right? It's like the pin post I have
up in the nest, right? So we're seeing a preponderance of evidence here that yes,
good things are happening to Bitcoin. We are confirmed to still be in this uptrend.
But if we're looking at a global basket of global currencies,
we are actually not even making new all-time highs yet.
Good thing no one cares about the franc, you know what I'm saying?
And you know, we need a weak dollar right now. we need a weak dollar right now with so much debt like the it would be horrible if the dollar gains strength like we need to figure some
shit out before the dollar gains strength again so i hope we keep pushing the dollar down we need
to keep that shit low yeah i hear i hear that but we got uh tj here uh discover crypto how you doing
brother the market keeps ripping.
We've been talking about the frustration on the content side, consolidating at 100K.
Altcoin's not moving, but here we go.
It feels like the crypto market's waking up.
What say you, sir?
Yeah, no, thanks for having me in.
Good stuff there, Caleb.
I was wondering how it was doing against gold.
I don't really care as much, like Faith said, about other currencies, but I would want to keep an eye on it against gold.
Both Bitcoin and gold are going to be doing well, I think.
One thing that got my attention,
I heard you say, Kelly,
and I've been hesitant to fully commit to this time it's different,
even though I've been feeling it's been different
for the last six months.
One thing that got my attention after the big, beautiful bill
is the fact that they came out and said
they plan to pass three more spending bills in the next year three more and there's going to be bigger and
there's going to be even more money and so yeah the dollar dollar is going to continue to be weak
but what's great is because the dollar is a reserve currency even though we're not making
new all-time highs in those other currencies nobody's paying attention we're making new
all-time highs in dollars and that's the advertising that the world's going to need you know it's that's what's going to make the headlines all across the
world when it hits two hundred thousand dollars one hundred eighty thousand dollars whatever the
number is as it keeps going up and up and up nobody's going to say oh but it didn't didn't
didn't make new all-time highs in euros because i mean i guess it will be by that point but
the advertising all around the world is going to be insane for Bitcoin. And really, you know, when you've got people like Peter Brandt out there pushing the gold chart saying we're going to be on a two year bull run for Bitcoin.
As long as we don't go below 107, I think is what he said.
And, you know, Larry Fink out there, you got Trump pumping everybody's bags and crypto is going through the roof.
I mean, the level of attention that's coming into this space
and real big capital, it's, it's, I mean, Ralph Paul was talking about a hundred trillion dollar
market very soon. You know, once you start to consider all stable coins and all sorts of stuff
like that. And I mean, the floodgates are open. I mean, I'm really starting to feel like,
you know, it's time to sit on your hands and just don't fuck it up. We did it.
We got here.
We've accumulated.
It's coming.
This is the changing of the world sovereign system, basically.
And all we got to do is just sit here for the next four years and watch the number go up.
I'm interested, though, Face, why you think real estate's going to dump.
Because I don't know if I see that.
And I've been hearing that for about 15 years, 12 years maybe, and it never really happens.
So I'm just curious to hear.
I don't know if that's a sidebar conversation. I don't want to derail this away from Bitcoin, but that was interesting to me.
Yeah, I just think prices are going to come down.
And then there's right now commercial real estate and also residential real estate.
There's a whole lot of sellers now, like the, the, the sellers market where everything is instantly listed and
gone is over. Um, and so there's a whole lot of inventory, but no one's like lowering their prices
yet. Um, yeah. And I agree. Once it gets over nine months of inventory, that's usually a pretty big
red flag
which is where we're sitting at right now yeah oh and so i think uh and you know maybe not you
know i don't know it's a house of cards now but i'm just i'm sticking with the four-year cycle
thing that's what i'm sticking to is that this year we'd have all-time highs and then something
happens and we start to sell off next year um and then it starts all over again you know
so yeah makes sense i just will i'll be really it depends i guess on what they do with rate cuts
if they start just going crazy with those uh in september or something like that i mean like
anything anywhere close to anything trump's saying i don't know if that i doubt they'll do that but
if they start cutting you know one two three percent that's gonna get wild
yeah any rate cut would pump us up for sure like any fucking these give us give us a couple point
two fives we'll definitely see and there's a huge pent-up demand of people wanting to move and and
you know buy stuff but they can't because they're in a good rate mortgage and so that's what it'll
be interesting once that gets back into the fours, like for a mortgage, right?
I'll be interested to see if the real estate market just takes a whole new second leg up.
Well, I was talking to you, TJ. It's like I hold a 30 year short against the dollar with the mortgage rate I locked up a while.
Absolutely.
You know what we see in the Federal Reserve rate cuts, obviously that helps the banks in their lending rates,
but mortgages seemingly more tied to the Treasury bond returns, the Treasury bond yields. And
that's the question in my mind is, can the Treasury bonds find buyers so that those yields
can go down and then we can find an equilibrium as far as that goes. Because these Federal Reserve rates, they're not going to, you know,
Peter and Jane who want to buy a new house,
and they're looking for a lower mortgage rate.
Really, I feel like the Treasury yield needs to stop offering such high rates
to see that, you know, interest rate come down.
That's just, and we face kind of a weird problem where, you know,
our job is, you know,
educators about crypto and Bitcoin. And there's a massive problem with unit bias for people on the
outside looking into Bitcoin, what it is that like, holy God, it's 110,000, it's $115,000 a piece.
TJ, you said something that I, you know, you said this a while ago, and I really think it's on us to start explaining how divisible Bitcoin is and how you can buy fractions of it.
And what was the term you had mentioned that we should start pushing?
I think it was like sats or bits, you know, talking to people that are on the outside looking in to get them out of that unit bias mindset.
Yeah, I think we're talking about bits instead of sats or you know but uh yeah it is it does blow
my mind i had literally explained it to somebody today i was like i hope you bought under eighty
thousand dollars and he's like who has eighty thousand dollars i'm like oh my god you don't
understand but um yeah it shocks me every day that how many people think you have to have you
have to buy a whole bitcoin but i think i will say i think a lot of the big uh you know
the sailors of the world and a lot of the the big bitcoin proponents are doing a decent job of
getting that message out there uh well it was interesting that they updated the bloomberg
terminal today to measure uh bitcoin in millions instead of uh you know hundreds of thousands or
whatever so that was sick uh yeah well i mean that's some foreshadowing. I mean, it just shows where they think we're going.
Yo, I'm not trying to interrupt.
I have to bounce, but thank you for having me, fellas.
It's good to see everyone.
And shout out to Caleb, Franz, and two, and everyone, too.
I'll be seeing your Twitter and everybody.
So thank you, guys.
I appreciate it.
All right.
See you, fellas.
See you, man.
Later, dude.
Later.
Appreciate you popping in here. Always dropping that knowledge. Great to have streams as well. Caleb as well. appreciate it of course we appreciate you
popping in here
always dropping that
knowledge great
that streams as well
Caleb as well
thanks for popping in
Crypto Billy
dropping in
genuine articles
Craig oh we're
going to get to you
here in just a moment
and Pat
I do want to also
just shout out
that we will be
wrapping up
probably here in
about 9-10 minutes
so we'll do it
once more
kind of around the room
talking a little bit more
Kelly can I pop in real quick before you pass it off?
Just real quick.
You know, that's what I do is build houses, right?
So when you got talking about that, I was like, man, I got to get my piece in here.
So look, so I'm on the board for a big home builder.
We build houses.
And I can tell you this to face his point is we've been buying down because we own our
own bank.
So we've been buying, using our own our own bank so we've been buying
using our bank to buy down mortgages right now i can tell you that there is some truth in what's
what we're seeing as home builders there's just a there's like a 16 increase in the inventory so
new home building we're seeing like an eight percent increase in inventory I don't see our prices going down whatsoever. We're raising new
construction home prices. So if the rates go down, I think you're right. We will probably,
TJ, probably get a pump. But we need, like crypto needs, we need rates to go down too. That's
really stalling out buyers from making that decision and jumping in.
So as it fits into crypto, I just had to throw that piece in there because we track this
daily, just like us in the crypto world tracking Bitcoin and the crypto news.
We're tracking this daily and it's been tough, man.
It's been real tough.
I don't see it getting any better in the near future.
We're kind of setting for the rate cuts and probably looking at September as well.
Sales have been really, really soft this year.
Yeah, I mean, that's a great point to make,
especially somebody that has two feet firmly planted
in the Bitcoin and crypto realm,
but also his entire life's work has been in the building
and understanding the housing market and banks.
So thank you for that, Billy.
I appreciate you sharing that. Everybody, make sure you're following crypto billy just so
you know he does uh about once a week sometimes once every other week or so these great discussions
about not just crypto but leadership and all kind of stuff so make sure you give him a follow
it's a billy guttales great great thing to pop into he's had all kind of people like charles
hoskinson all kind of people in there so make sure you give him a. Again, we are going to be wrapping up here soon. So I want to
make sure I hit some of these people that are on stage that haven't gotten a chance to speak yet.
Again, make sure you're following everybody. I do want to shout out also the IBC team in the
background that's able to help us pull these panels together and break in new spaces. Just
so you guys know, IBC has been around since 2017 and doing everything in the crypto realm,
everything from development to incubation to marketing to AI and development. If you are
interested in lending your talents to the team, not lending, I should say, you know, dropping a
resume to join the team, drop a message to the hosting account, the Roundtable Space account,
or the Mario Naufall account. Similarly, if you want to get involved as a sponsor on some of the things that we do, and you think you
might be a good fit, drop a DM, and our team will get with you. But with that being said,
let's go around the room. I'd like to get to Hinoch, because I know, Hinoch, you have an
interesting story, having been almost an overbearing meme coin guy for so long, but
God dang, you made some money, and you found your way into the Bitcoin realm. I'd love to, as quick as possible, kind of sum up that story and get that.
And then I'd like to get to Craig O and Pat.
I came to try to get rich quick and I got annihilated like Normandy, you know, in these
meme streets, but I survived for years.
There was a member in the dog community on the mother chain.
And he just said, hey, man, the statements you're making about Bitcoin is so remarkably inaccurate in light of memes.
And he just began to teach me.
Like Jedi Master began to teach me the way.
I've been in crypto for four years, like full time in the memes.
And I just never took the time.
And I think we were talking about memes earlier as a vector for retail.
I'm just not seeing a ton of interest in the average everyday person in Bitcoin.
It's always been that way for years in our space, of course.
But I am seeing an uptick in interest in memes.
And so I'm really interested to watch kind of what happened to me happen in the years to come.
As we go risk on, easy monetary environment rate cuts, QE, money printing.
So these memes are going to go. And a lot of people are going to get hurt.
But I'm looking forward to seeing people get orange-pilled on the other side.
It's been revolutionary for me, almost spiritual, to be honest,
and it's really changed my life.
And so I do think that memes have a place in the economy,
and it's going to be here regardless.
But my hope is that people get to experience that same journey.
It's been life-changing for me.
So you're saying a Solana meme coin orange-agey to bitcoin no no not solana dog dog on
bitcoin uh just there was a guy named landy in that community who's been in bitcoin since like
i want to say like 2011 and uh he just taught me he just taught me the value like how this works
um where it's headed the way it's engineered And it really actually changed my life. Right on, man.
I always appreciate hearing your thoughts
and appreciate it.
We had you on the BitLab the other day.
So thank you for that.
And thank you for popping up here.
And we're going to see a lot more of those stories.
Everything outside of Bitcoin
is a gateway drug towards Bitcoin.
That's definitely for sure.
But we've got Craig O in the house
with the awesome studio PFP.
Always love having you on the stage.
Let's get your thoughts to start wrapping up the space you know you've heard everything here what's your
take on what's where we're at and where we might be going thank you my friends appreciate you having
me up i uh you know look i think the market is is really heating up and i think an old coin season
is upon us is it is it a month is it two months is it six months away i don't i don't know but
very curious to see how this pans out also to w Wendy's point, a lot of people need to start really not only holding their crypto safer
and making sure that they don't get scammed out. You work for your bag, you pump your bag,
make sure that you safe your bag, S-A-F-E. And I'm actually put that in a new video.
I also put up there top because one of the other gentlemen know, if you start looking at it in sats, it's 2.1
quadrillion sats.
So when people start looking at the Bitcoin price as a whole and saying, oh, Bitcoin's
110, start looking at it in sats and start collecting.
And don't worry when the market's going up or down, just slowly DCA in, up or down.
Doesn't matter if Bitcoin's Bitcoin.
And appreciate you guys for having me up.
Always love having you.
Again, we got one more person to go.
I just want to call out a huge appreciation
to Caleb Franzen and Genuine Articles,
Craig O, Henok, Druth, my co-host here.
Always love, he and I work in the same building
here in Atlanta.
So always love working and sharing the discourse with him.
And of course the IBC team with the Roundtable Space
account you see here and the Mario Naufall account.
Make sure you're following all these panelists because they all share a wealth of information on the daily.
They also have some of their own platforms and other things they're doing.
So check out that.
Just give them a follow.
But we're going to wrap it out with Pat.
I think this might be one of your, at least with me, first time up here.
What's your thoughts?
Thanks for being here.
And you can close this out.
And then we'll throw to Drew. Hey, yeah i appreciate it thank you uh thank you for
having me up definitely my first time coming up speaking long time listener um yeah obviously the
market we everybody sees it it looks great uh one of the themes i've noticed in this entire
sort of space though is everybody talking about that sort of it feels different that uneasy feeling
nobody really knows uh and maybe it kind of went over it's been sticking with me since i heard it when vic at the start kind of mentioned that
the euphoria is not really there and immediately after caleb had mentioned you know the not the
lack of rate cut announcements and and we're seeing these pumps and whatnot i think honestly
that's where we're where everybody's seeing that sort of feeling where we're like well we don't
know where this came from.
It just kind of started happening.
We're a little uneasy, but then I think there's that small little voice
in the back of everyone's head going, oh, wait,
when they make those announcements, we're going to go a hell of a lot higher.
And I think, honestly, that's where this – everybody's been saying it.
We're delayed right now.
All the seasons have been kind of shifted to the left, if you uh but i i genuinely think that's maybe why we're all on edge and why people
are kind of unsure of what's coming but once those announcements are made i think that's when we're
really going to start seeing uh you know the retail that everybody wants to see in the and
these bigger changes and people are positioning themselves now for it and i think that's what's
kind of got us all not fully euphoric yet. I totally agree with you there. And I do want to say on the alt season thing, I think everybody
was expecting like crypto face alluded to earlier. What he was mentioning was the capital flow
rotation that has happened in previous cycles, Bitcoin, Bitcoin, ETH, ETH, and then the top
very large market caps, and then the rotation down into others. This cycle, we've got it a bit
different. We've got a lot of Bitcoin proxies we got treasury companies we have etfs uh so there's been a lot of focus there and
i and i think it was sin city crypto who said it beautifully uh early cycles people were betting
and speculating on the promise of what could happen and now it's starting to get it's getting
it's gotten to the point now it's put up or shut up what what's your business model are you if you're
if i was looking at you like a business, not a crypto,
are you profitable?
What are the outlines for looking forward?
And we're starting to see that,
especially with how things are getting integrated
with tokenization and AI and all these things.
But what a great space, great panel.
David, I see you requesting.
We're just going to be wrapping out right here.
But I want to throw it over to Druth
for you to give the closeout, my brother.
Absolutely, man. We should. We all saw this coming. We should. We have. We've seen it coming.
We've held up with Bitcoin's price above old school, previous all time highs in the light of
military conflicts breaking out, in the light of trade wars breaking out. And now we are moving on to the end
of this year with a three-headed hydra of bullishness. We're looking down the barrel of
rate cuts. We're talking, you know, all of the conversations going on at the Federal Reserve.
We're talking about all of these different aspects of it coming to a head at the same time frame.
Just get positioned, stay focused, stay in the know,
stay coming on these shows so we can discuss the inner workings of what is going on with Bitcoin and crypto right now.
Things, in my opinion, are about to get absolutely ridiculous.
So I'm super excited. Glad we got positioned ahead of time.
Glad me and Kelly have been yelling at the camera for the last three or four years trying to get people to wake up.
And honestly, I'm feeling great, man. I'm feeling great. It's a it's a beautiful day to be alive.
Absolutely. But we did get David Toddwell up here. He always has great takes. Let's throw it to David.
Let's throw it to you, David. Thanks for popping in here. I'm not sure we talked about everything going on in the market.
But why don't you give us your sort of encapsulation of feeling right now,
anything you think we should be looking out for,
and then we'll kind of close with your thoughts.
Look, I think there's a couple.
First of all, thank you very much for having me up, even at the close, Kelly.
And Caleb, it's good to see you.
And Drew, likewise to see you.
It's been a little bit a while until we've been around.
I think, first of all the
house of representatives having crypto week next week uh could be a good thing could raise uh the
level of um general uh awareness of the crypto sector certainly as it relates to the genius act
and clarity and a couple of other measures that they're going to go ahead and talk about, including IRS tax treatment of crypto sales, which I think are all very
important things, even though they're boring, but they're dollars and cents, and they make
a lot of difference to people's pockets.
On top of that, I think we're in in a risk on environment right now the stock market climbs
higher each day it's looking for a reason to to move higher but at the same time you've got the
issues coming down the pike with respect to the big beautiful bill which is going to raise the
deficit you know we're probably going to go ahead and on the long end of the interest rate curve, have rates higher for longer, even though on the shorter end, we're going to get Jay Powell or whoever's going to come in to replace Jay Powell as Fed chair, take rates down on the short end.
We're going to have a very steep curve sometime over the next one to two years.
Forgive me.
Sorry, I got the telephone call in the middle um it went there when the steep curve when
the curve starts to steepen and you know really a magnifying glass comes over the united states
dollar the united states balance sheet and the debt i think that crypto is really going to get its moment to really shine.
So at this point, I think that the gains are great.
We'll take them.
It'll keep going higher because of the risk on attitude of the market.
But frankly, folks, I don't think we've seen the validity and the genuine value of crypto
that we will see over the next one to two years when it starts the when the
u.s dollar and the u.s balance sheet starts to show its weakness uh and really crypto outshines
all other currencies in the world and i'm really excited about that folks yeah i'm super excited
about that too it's very an interesting spot i see, I'm not going to say the name,
but we had a funny sort of almost scammy person requesting
just based on their name.
And it just made me want to highlight this.
I'm going to share a post up in the top of the nest as we wrap out
because this is important for every single one of you
if you're in crypto and you're on X.
And if you're on this space, you're probably in crypto
and you're definitely on X.
I got a phishing scam email today from that.
Look, I almost clicked on it on some of the links.
It looked like a message directly from X.
And then I said, wait a minute.
These are never legit.
And I, you know, I just want to highlight for everybody.
If you get emails from customer service, from an exchange or from X or social media,
even on your car insurance warranty that you even haven't had
a car for 10 years. These are pervasive right now. Make sure you're not clicking on links.
Especially, I would call the company directly, not from the number in those emails, but
go to the website of the company that says they emailed you. Go to that customer service
number. Call that. Do not click on links in email. Especially, click on the name, the sender,
and you can see what the at is from. And on this one it says at x dash facility fake as hell so i
just wanted to just highlight that for everybody because if you've been building in this space if
you've been stacking only to on the days that we're going into price discovery give it all away
on just uh you know basically a complacent link click uh that would be terrible. And it also is very important
that you make sure you are using some form of cold storage or some very strident protective
and security measures, because this is a prime season for all those things going on, especially
as marketers rip into the upside. David, send it back to you. Yeah, I'm just going to go ahead and echo that actually. A very smart hedge fund manager emailed me yesterday about what was clearly a
phishing scam. And the person was like, this person contacted me about crypto. This hedge
fund person is not a crypto native person. Equity's, equities long short. Um, and it was just,
it was super clear to me that it was a phishing scam.
And this person almost succumbed to the siren song. Uh,
I believe the convergence of AI and crypto is going to lead to an incredible
incredible. We've already, we already know that it exists,
but there's going to be an incredible amount more of fraud that is going to be perpetrated on the boomers that are going to just get fleeced when it comes to a bunch of these situations.
That they are just hoping that somebody knows something that they don't know and so on and so forth.
It's just, please, please. I'm sure everybody on this space is very vigilant,
but please tell the folks that you know and you're in your circle of friends and so on,
you just got to be really on your toes.
Don't believe the hype when people go ahead and say incredibly outlandish things
like I've made a million.3 million on a trade
on a particular signal, or I make 50% on a monthly basis on my capital. In this case,
of this person that I spoke to yesterday, the person that contacted him said that they were
the goddaughter of Stanley Druckenmiller and sent who
is a legendary hedge fund manager and sent along a an AI um you know doctored image of her along
with Stanley Druckenmiller I mean it was just ridiculous folks please don't believe the high
if it's too good to be true it is not true hey david i i uh told my dad uh
you know when i took on this extra you know this role that i'm also doing with the mario nafal team
he went and added mario nafal three days later he calls me up he said hey man that mario guy's
really nice he uh sent me a message uh you know he's giving me some trading tips i said dad
that is not mario nafal uh and it's just like myself i'm not big
i've got about 45 000 people or something on x i think there's a hundred fake profiles of me
nobody's trading for you uh just be very smart right now as we go into boom season but with
that being said everybody we really appreciate every single one of you that's here we appreciate
y'all sticking through the mud of this market and tuning in here on another Mario Naufall breaking news space talking about the markets. There's going to be a lot of these going forward. It's about to get into boom season. Everybody up here on stage on this panel is all actively on different spaces sharing incredible alpha some varied opinions, which is what you need because nobody's got the answer. We love you. We appreciate you. And i think that's all we got for today unless druth you got any last words no man i mean i'm gonna try to sleep
tonight i don't know how the hell i'm gonna sleep tonight without refreshing my coin market cap and
my portfolios and being nuts and radicalizing grok but instead of all that you know what it's
a great day to be alive i'm feeling good Kelly we're going up that's it
everybody that's all we got for this one we'll see in the next one stay frothy these markets
are green do not do stupid stuff to uh throw it all away we love you we'll see you in the next one
adios muchachos Thank you.
