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Crypto Market Updates w/ AltCryptoGems
Recorded: Sept. 1, 2025 Duration: 0:29:33Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. right hi guys sorry to keep everyone waiting i hope you can all hear me hope you're all having
nice days nice evenings wherever you are in the world. Welcome to today's X-Space, hosted by MBitCasino. We're
glad that you've taken the time to join us once again. We do appreciate your time. Today,
we're again jumping into the hot topics surrounding the crypto space. We'll touch on the likes of
Bitcoin's continued but surprising stability, Solana's seemingly unstoppable momentum,
and the roles that fan favorites like XRP and Cardano are currently occupying.
So today, sorry, got distracted for a minute.
Today, joining us is Estul.
We spoke to him before.
He's a great guy.
He's a leading voice in the crypto community with a deep experience in creating content and trading
low-cap altcoins. We'll say hello to Westjul in just a moment. Before you do though, just a few
little reminders. Please check out the pin post. You'll find links to our community channels and
all the details of our 100% first deposit match, plus 100 free spins and first sign-up bonuses.
first deposit match plus 100 free spins and first sign up bonuses tag us or use the hashtags hashtag
mbit casino to keep the conversation going even after this space ends and if you've got any
questions pop them in the comments and we'll try and follow up after the space wraps up uh right
let's go s joe you've been waiting long enough man i hope you're okay we're going to kick this off
with a general question about the market how are you feeling about it right now is it gearing up for a move
or just consolidating what are your thoughts man hello my man my man good to be here once again
thank you very much for the introduction as well um i'm excited um and like you said it's good to
talk about the market quick update on what's happening and where we think things are heading.
So, I mean, diving straight into it, feeling on the market wise, it's kind of difficult at the moment, to be honest.
And the reason why I'm saying that is because it seems as if we had a very good run coming up and then all of a sudden we started to go down again.
it seemed as if we had a very good run coming up and then all of a sudden we started to go down
again and you still see that whenever we go down people sort of automatically go into a danger
mode or or they're you know sort of getting stressed out and saying oh wait everything is
going to be done here um whereas if you ask me i still think we are in a very good start of a bull
run um and i think we have a very good time ahead of us.
But nowadays it's just a bit, you know, summer is here still.
Summer is always usually a bit slow.
And it seems as if that's happening right now as well. And all the things are sort of gearing up towards, I'd say, mid-September, end-September,
whenever perhaps the money print is going to go on again in the U.S. as well.
And I think if you have all these things together, yeah, then we have enough catalysts to have Bitcoin and all the other stuff actually going to the moon, as we would say.
Well, I mean, I think it's fair to say that Bitcoin's definitely been stable.
But Treasury firms now hold close to a million BTC, Estrell.
Does this shrinking supply point to a stronger rally ahead, do you think?
Yeah, that's actually a good question.
And we're not just talking about Bitcoin here, but also, for example, Ethereum.
You see the ETFs, et cetera.
So much money has been coming into the crypto market in general because of all these ETFs. And I think that's also part of the reason why Bitcoin had its massive run that it's
been having for the past, yeah, what would you say?
Six months?
Yeah.
Yeah.
Six months.
Yeah.
Ish.
Ish.
And I mean, looking at the numbers and the volume that's coming in is, I mean, it's
staggering.
It's so much volume is coming in, whereas it's not just about the volume that's in now,
but it's also about what's now possible.
And what I mean with that is months ago, years ago, the only people that were in crypto was retail
and sometimes a company would actually enter it.
But now because of these ETFs, we have big institutions coming in.
We've got banks coming in.
I mean, I even see the Netherlands where I'm living right now is I see big sort of fund managers and stock brokers and
everything all of a sudden saying, hey, we actually are interested in crypto and let's see if we can
sort of supply our customers with some crypto knowledge and try to trade with them.
And that's only because of the ETFs that now that makes it possible for the bigger
institutions to come in. So, I mean, for sure, I think these things are a massive part of the
bull run that we've been having and that we are about to have, if you would ask me. But just a
bit more indirect, if you know what I mean. Well, lots of analysis saying that Bitcoin's bull run,
as we say, is only just starting.
And it's rally might stretch into the end of 2027,
possibly reaching up to 200K.
Do you think this is a fair redefinition of Bitcoin cycles?
I mean, I always find it very hard to mention a price.
Of course. Because in honesty, who would know? You know what I mean, I always find it very hard to mention a price.
Of course.
Because in honesty, who would know?
You know what I mean?
I mean, the 200K, the 150.
I've had people saying, yeah, we're going to go to 120, 130, 140K.
But I've also had some meetings with people that said we have to go to 400K or 500K.
So I find it very hard to say, you know, to name one price.
But, yes, I do still think that, yeah,
we will have a good run coming.
And the end of 2027 is also a bit dramatic, if you would ask me.
But I always said September 25,
I would be out of crypto for 90, 95%.
If you would ask me a year ago or two years ago,
when we're in that cycle.
I've been saying that publicly.
I've been saying it to my family, to my friends, you know, September 25, you need to get out
of it.
Whereas if you ask it now, I would definitely not say that you need to be out of crypto
by sort of September 25.
But I do still think that we have a run coming up, but you still need to sort of eventually take some profits in the coming three, six, possibly 12 months if we have that run coming up. So timing wise,
I'm off as well, but I'm perfectly fine if we're off three months or six months, because if we do
get that run going, you would be able to make so much money that it doesn't matter whether you're
off three months or six months, because the amount you will be making anyway is way more important than being three months late, if you know what I mean.
Yes, I do know what you mean. I want to just fire a few currencies at you and just see what your thoughts on this are.
So starting with Ethereum, this hasn't moved much price-wise, but stake-in and L2 growth.
Are we seeing it quietly strengthen its long-term position, do you think?
Yep.
Yep.
Yep, I agree.
Once again, ETH had a very disappointing run, as you said, in the beginning of the year,
especially compared to Bitcoin.
But I think that's also because of the ETFs that were generating so much volume into Bitcoin.
And now all of a sudden, you do see volume popping up into Ethereum.
You see people sort of saying, oh, wait, Ethereum is actually starting to do a run again.
So I do think more and more money is going to come into Ethereum.
So I'm a big fan of Ethereum.
I've always been.
And if you look at the inflow right now for ETFs, for example, you see, I mean, I don't know the exact numbers right now, but you see that Ethereum is having way more than Bitcoin at the moment. So yes, 100%, ETH had a disappointing run, but now it's starting to gain a bit of traction.
I think once it has enough traction, yeah, ETH is going to go way harder than Bitcoin and I am actually scaling heavily into Ethereum right now.
Okay, interesting. Solana now then, but I mean, are people still talking about that in 2025?
What do you think is fueling its staying power compared to like the other smart contract platforms?
Compared to like the other smart contract platforms.
I mean, I'm not that much of a fan of Solana, in honesty.
And the reason, I mean, don't get me wrong.
I like Solana.
I like the chain.
I like the fact that you're able to get a wallet quite easily and you're able to trade quite easily.
Don't get me wrong on that.
But not a fan being, I feel there's other opportunities that would be better.
And the reason what I mean with that is
you've got smaller tokens that I think
would have a higher chance of having a bigger reward.
And going at the tokens with around the same market caps
or the same sort of risk level,
I still think other tokens would do better.
So looking at, for example, BNB,
which is a tiny bit higher than Solana,
if I were to invest my money into something and I'd say, which one of the two would you be choosing?
I'd always choose BNB over Solana right now because Solana had a hype.
It had a run.
It had the meme coins.
It had the sort of presidents and then celebrities launching their tokens on the chain.
And I feel like everyone's kind of done with it.
So, yes, I still think Solana is going to be here, here but I just don't it's not my cup of tea right now
okay I really love to hear your thoughts on all of these as jewel I really do
and like coin now I want to chat about very briefly just celebrating another
halving is it becoming more of a niche payments coin or do you think it's can
still be relevant in trading yeah i mean usually whenever we something
with with light coin here in the office we say that's not a dino coin um it's it's it's been the
same story it's it's comparing to other tokens i think it will still have its value because there
are still a big sort of community behind it um i also think it's here to stay because of all the
things that they've been developing and the things that they're doing. But once again, comparing it to other tokens right now
that do have some sort of hype or are creating a new chain or are doing something more than just
having the hype behind it and what they've been doing for the past years,
I would still invest my money into another token.
would still invest my money into another token okay um well bitcoin cash has had quieter years
let's say um at least when compared to btc how do you see uh bitcoin cash bch do you see it
carving out a role as a faster payments network or do you think this is one that's just going to fade
i mean the the thing that you mentioned here with the payments network i think it one that's just going to fade? I mean, the thing that you mentioned here with
the payments network, I think that's an issue with crypto. And what I mean with that is,
you remember the time when we were saying Bitcoin is going to take over the world because we're all
going to pay with Bitcoin. Cards are going to go away, cash are going to go away, and we're all
going to do it with Bitcoin. You remember those times. And? Of course, yeah. And hopefully you still have believers and you still have people saying that.
But the issue here is that I feel like people buying Bitcoin right now want to hold their Bitcoin because it goes against inflation.
It's an investment.
It's pretty much digital gold.
And people want to hold their Bitcoin for the future.
So that's like a contradiction where, one, you have people saying it's going to take over the world because we're all going to pay with Bitcoin.
But the issue is no one really wants to sell that Bitcoin.
So how are you going to make that work that people are going to pay with it?
And I feel that's the same thing with Bitcoin Cash, where if their goal is to have everyone pay with Bitcoin or with Bitcoin Cash, then I feel like people wouldn't do it because they want to invest in crypto right now
and they want to go against inflation and want to have more of that crypto instead of actually
using it to pay. So I think that's the issue that we're having here. Yeah, I was speaking to a
friend of mine recently, S. Joel, and he was just adamant. I mean, a lot of people would agree with
this, but he was adamant that Tether is still absolutely the king of stablecoins.
But with things like regulation heating up, do you think USDT will stay dominant?
Or could USDC and others take over?
I think USDT still has a very good run ahead.
So I think it is going to stay the biggest one for the near future.
But I do see, for example, USDT picking up quite a bit of pace here.
And for example, if you were to ask me, whenever I have to on-ramp or off-ramp or transfer over some money from some crypto to fiat,
usually I'd have USDT. I would send that over to an exchange and then off-r some crypto to fiat, usually I'd have USDT.
I would send that over to an exchange
and then off-ramp it to fiat.
Now, if I do that, as I always did,
I send some USDT and then I get the message saying,
we do not accept USDT anymore.
And then the issue is you cannot swap it there.
So then you have to withdraw that USDT back to your wallet,
swap USDT on your wallet to USDT, and then move it over to the exchange and then be have to withdraw that USDT back to your wallet, swap USDT on your wallet
to USDC, and then move it over to the exchange and then be able to off ramp it. And in all honesty,
it's such a hassle because you have to swap, you don't have to send it to the exchange. It takes,
I don't know, 10 minutes. Then whenever you want to withdraw it, you have to wait again for the
confirmations on the exchange. You don't have to do all the verifications. You have to do the two
factor authentication,
the mail, et cetera, et cetera.
So doing this step takes like half an hour to an hour.
And at some point I'd be saying, you know what?
I don't care.
Let's just go with USDC completely.
So I don't have this issue anymore
and I can just instantly send USDC and that's it.
So I do think USDC still has a good run,
but I feel like the other ones are eventually
gonna catch up if they don't do anything with the regulations, to be honest.
Good, solid answer. I'll be on the phone to my mate straight after this to sell him your take on it.
Right, we're moving on to Ripple now, Esthul. Ripple has cleared some, let's say, well-documented legal hurdles. However, what's the next milestone for XRP?
Global payments adoption or maybe something else?
What are your thoughts?
Yeah, I mean, the fact that Ripple obviously is being used for,
for example, third world countries where there's so much corruption in the world,
let's be honest, and then the fact that people are able to send money easily
without having to pay 40% to their government or their bank or whatever is exactly what
ripple is made for and what it's needed for um so i'm very happy that it's there and that it is
able to actually you know people are able to use it that way um i actually had a sort of story where
last week i was talking to someone who didn't really do anything in crypto and then
i spoke with them and they said oh what do you do in crypto and they were very interested and they
said yeah i bought some ripple and i can't remember when but like years ago and he said yeah i made
like a 15x on it and i was thinking looking back at all the stuff that we've been doing and we've
been trying to buy and sell and trade and whatever. I felt like he might have done better than what we've been doing for the past years,
where all he did was simply buy Ripple and then wait for it to go.
So I'm not that big of a fan of Ripple, but I do really like what they're doing.
And I do feel like people, the newcomers that will be coming into crypto are a fan of Ripple.
And because of that, it's there and still so big. so i'm going to neutral it if you would ask me okay mom um i want to talk about
one of the fastest and cheapest coins out there xrp um it still isn't widely used in gambling
do you think casinos are missing out on an opportunity here, Esthul? Or is the hesitation justified, do you think?
The gambling part on XRP, you mean?
Yeah.
I don't know, actually.
I think it's too regulated, to be honest.
Let's be honest, because gambling is still very, it's not easy to do.
I mean, you guys know about this as well, obviously.
Of course.
So it's not easy to do anything because of that.
Some projects or some tokens or whatever would say it's not easy to do anything because of that. Some projects or some tokens
or whatever would say
we're not going to be
focusing fully on that
because it's so hard to do.
And I feel like that's the issue
why, for example,
tokens like 6RP
or the other ones
aren't that big into it.
Whereas obviously Solana
was a lot easier for it.
You know, it's just easy.
You create a wallet,
no real sort of idea
of what's behind it.
And then we have the
pump.fun and all these things, which, you know, you could see as gambling as well.
So I think that's the main issue, if you were to ask me here.
So if people weren't necessarily looking for it for casino use and they wanted XRP, not just as a payment method, but as an investment,
what role do you think it could realistically
play in a portfolio over the next couple of years i mean xrp has the hype let's be honest quite a
few people know about xrp um and them having the you know winning the actual case here um really
has helped them i think because it was like a would you say, like a sword hanging above their head for the past years.
And it feels now as if the sword sort of has been removed.
So I think that's very good for them.
And in a portfolio, I feel like if we do get the run going on,
like the actual bull run going on in the coming 3, 6, 9, 12 months,
then usually Bitcoin starts to run first.
Then obviously we've got money flowing into Ethereum.
And once that's done, you've got money flowing into the bigger altcoins.
And I feel like if that's going to happen, the money is going to go into XRP.
The money is going to go into BNB.
It still is going to go to Solana.
So I think at times like this, you need to have these type of tokens in your portfolio
because, yeah, at those points, you want to get the 2x and 3x on these before moving over to the smaller ones.
So that's usually how I do it as well.
You got Bitcoin.
You then obviously have Ethereum.
Then you got the very high caps like 6RP.
And then eventually you go over to the mid caps and then the low caps.
And I feel like you don't need a 100x on all these tokens.
All you need is a 2x on Ethereum and a 3x on XRP and then like a 5x on a Bitcoin.
And then all of a sudden you've made life-changing money here.
Yeah.
BNB, S.Jule, it's still central to one of the largest ecosystems in crypto.
But do you think it's undervalued given
binance's scale or are you of the opinion like others that it's fairly priced
um that's a good question actually it's a tough one it is it is a tough one um i would be going
a bit more towards the underpriced um of view, if you were to ask me.
Reason being, it's a huge coin, obviously.
It is, I mean, looking at it right now, it's nearly 120 billion market cap, so it's enormous.
But Binance is enormous as well.
And it's quite funny, actually.
I was talking with a friend about this last week, and it feels as if Binance is on an ivory tower right now,
where people said, you know what, Binance had to leave the US,
or they had to leave these, blah, blah, blah.
But if you look at the volume that is happening in crypto,
and then you compare that volume from Binance towards the others,
Binance is on another league.
It's on its own level, if you know what I mean. So because of this, they still have so many people using Binance towards the others, Binance is on another league. It's on its own level, if you know what I mean.
So because of this, they still have so many people using Binance.
They've got so much volume going through Binance that they're the biggest player in the entire space.
And if you look at it that way, then having a token for it and being able to do things on the chain,
and being able to do things on the chain,
being able to do things on the platform, being able to do things on Binance itself,
being able to do things on Binance itself,
it is then still only the fifth token out there.
So then it's still quite small, if you were to ask me.
Yeah, okay.
Well, I think you did a good job of answering that,
considering how difficult we thought it was going to be.
Yeah.
Listen, virtually every conversation I have with anyone nowadays,
AI pops up. And I think we've been chatting long enough this afternoon without me mentioning it so let's let's talk about
that for a moment it's it's the hot buzzword everyone's talking about ai it seems to be
getting more crazy and more crazy do you see any realistic overlaps between AI and you know major assets like Solana or ETH or ADA?
I do see some overlaps. I'm not too sure about those tokens but I actually have a
I've got a real use case with AI. And because I have that I sort of was amazed by the fact
that we've got crypto and AI working together and actually being used. So what sort of use case was here was that we had a complete overhaul.
I'm not sure if I told you this already, but we had a complete overhaul in our branding like a month ago or two months ago.
Everything had to be made in 3D.
So rendering it takes a long, long time because we had the animations and every frame needs to be sort of rendered. So the processing power that was needed
to actually have all the entire branding made was huge.
So the design agency where we went with,
they've got some supercomputers,
they've got some very big computers standing there,
but still because of all the animations
that they had to make for us,
what they actually used was the project render.
So they bought render tokens and they used those tokens
to have computing power by the project called Render.
And because of that, they were able to render all the animations
and all the sort of designs that we needed within less than a day.
Whereas if they had to do it all with their own computers,
it would take two to three weeks.
So this was actually a,
and obviously Render is a very big AI project
because they do it because of AI,
where they say, you know what,
your PC has a tiny bit of CPU or GPU power left to be used.
So it's, when we had this, I was like,
wow, we actually have a real use case for a crypto and be a project that's using AI.
So for sure, I think it's going to this is only the start and it's going to get bigger and bigger and bigger.
And I actually had a real use case, which opened my mind, if you know what I mean.
Yeah, incredible. I mean, I think it's going to be a very exciting time, also it should be approached with caution all ai yeah
i think yeah i agree i agree okay that's true we're getting close to the end i got one last
question for you if you could pick one mbit supported coin to hold until the end of the What would it be and why?
Do you guys support Sui by any chance?
What's that? Sorry, I didn't hear
I'm breaking up very slightly
Can you hear me okay?
Yeah, I can hear you
But it's a tiny bit of a robot
I'd say I'm not too sure if you guys accept Sui Can you hear me okay? Yeah, yeah, I can hear you, but it's a tiny bit of a robot.
I'd say if you go, I'm not too sure if you guys accept Sui, but if you do, right now, a couple of tokens that I'm very hyped for, especially in the way that we're at right now, is obviously Sui, the chain itself. I really like the Sui team, what they're doing marketing-wise, chain-wise.
So that would be a big one.
It seems there's a lot of hype behind Hype.
Quite funny here.
Hype, Hyperliquid.
The token, which is having a good run, it seems.
Obviously, CRO, the token of Kronos, had a very good hype lately with Trump announcing
that they want to work together.
So I think all these things combined, those would be some tokens that I'm looking at right now.
So we go from ETH, we go from BNB,
eventually over to HYPE to SUI.
Yeah, and then a bit, you know,
further down the mid caps and then eventually low caps.
I love it.
Hey, listen, I'm asking the questions here,
but I'm making notes as well.
I think you're so insightful, that's true.
You really are, man.
Thank you so much for talking to us again.
Really appreciate it
and hopefully we'll get
to talk again soon.
Thanks very much, man.
Absolutely, absolutely.
I appreciate you having me here
once again in the casino.
I mean, all the stuff
that you guys are doing,
I'm excited for it
and let's hope we do get
that bull run going
in a couple of months
or in a couple of weeks even.
I appreciate you having me again
and yeah, on to the next one.
Nice one, man.
And to everyone listening,
thank you so much for joining us.
Do me a favor, follow Alt Crypto Gems.
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