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🚨CRYPTO TALK RADIO: ARE THE MARKETS SHOWING SIGNS OF A RALLY? 🐦⬛
Recorded: April 8, 2025 Duration: 2:08:43Space Recording
Short Summary
In a lively discussion, crypto enthusiasts debated the current market trends, highlighting a potential recovery phase characterized by institutional interest, bullish sentiment towards Bitcoin, and the impact of economic policies. Participants expressed optimism about the future of crypto, emphasizing the importance of understanding market dynamics and the potential for growth amidst ongoing volatility.
Full Transcription
Music Thank you. The Thank you. I I I I I I I I I I I I
I I I I I I
I I I I I
I I I
I I I I I I
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I singing songs about
I miss all
I miss all I miss all
singing
well I heard Mr. Young sing about it
Well, I don't need to put it down
Well, I hope Neil Young will remember
I saw that man don't need him around now
Sweet home Alabama, where the skies are blue, sweet home Alabama, but I'm coming home too. In Birmingham, they love to go now.
We all did what we did.
Now, Watergate does not bother me
Does your conscience call you tell the truth
Sweet home Alabama
Where the skies are blue
Sweet home Alabama, when I'm coming, when I'm coming, when I'm coming, Alabama. Thank you. All right, I gotta start it
No monologue just welcome welcome to the show I'll put on uh
Put on sweet home Alabama because uh, I feel like the markets uh
Deserve it today. I'm not saying this shit will continue.
I'm just saying today, just today, we can celebrate.
Who the fuck knows?
Actually, we can celebrate for the moment.
Who knows what happens in the next two to three hours.
Let's get right to it.
There's news that's popped off.
Markets the markets are
Markets on the green
And for you guys that are panicking
The ones that are saying we're so back
you haven't learned anything anyway let's bring people up hold on one second let me
just bring people up let's bring them oh my god we get to start off the show with landy today
landy good morning to you morning david how are you i'm good i'm good how's everything man
how the market's looking i didn't you know honestly i didn't really get to dive dive dive dive
really deep into the markets but i saw there like the ship pop up some of the things that i'm in i
saw it pop up a big green yeah nice and green yeah we'll see green like you just mentioned we'll see how long that lasts
yeah I really would like to see
you know how long we're going there
in terms of green
but I believe we'll turn around
but like I'm not
expecting it to happen in the next
few days
yeah I mean this is
right now,
it's a return to the mean
and the mean is to the upside.
So we just have to watch things pretty carefully.
Obviously, news is having an outsized effect
on markets lately,
but we're also seeing, you know,
a little bit of a cool down.
We're seeing VIX come down.
So that's just the volatility index
for those that may not know and traditional markets we even saw um well uh chinese markets
even had a little bit of a bounce not not as quite as big as what we're seeing here but markets you
know um they're they're doing what what you would expect after a pretty big crash. So we'll kind of see where things settle out.
I'm not getting too excited or too ahead of myself
with where things are going right now.
We have to kind of observe.
Same here.
Because tomorrow, this shit can go into the red.
Or like I said, even in the next hour,
shit can go into the red.
But I'm reading everything that's, I guess guess from outside that's been posted out here.
I don't know if this,
I don't know if maybe this prompted the markets to go green,
but I mean, again,
I wasn't up at five o'clock in the morning staring at this shit.
JP Morgan now forecast consistent,
consecutive rate cuts from the ECB over the next four meetings,
expecting a terminal rate of 1.5%.
I don't know if that helped propel the market a little bit today.
Listen, I woke up to Tesla being up.
That's what I woke up to.
The shit dinged and Tesla was up.
So I was like, okay, Tesla's in the green.
What else is in the green?
And obviously all the green that I saw was, like you said earlier,
was in the traditional markets, not in crypto.
But what I like, though, is there's a lot of good talk about crypto.
There's actually a lot of really good fucking talk about crypto.
So it's nice to see that crypto is slowly winning over um
the boomers and even like uh that guy the founder of uh not the founder but um
the current lead at uh vanguard who uh didn't it wasn't really fond of bitcoin in the beginning so
it wasn't really fond of Bitcoin in the beginning.
Yeah, I mean, this is, look, everyone's going to be a fan of Bitcoin.
The cheaper that it goes and the more that they can put in their treasury.
A lot was being made of the pause in buying out of strategy yesterday.
And I was like, with all the hand-wringing of like, has Saylor lost confidence?
And like all
this speculation came up overnight and i was like well um you know we've been through this before
with companies that pause buying while they feel out what's going on in the markets this is not a
especially with michael sailor this is not really anything new but everybody acts like it's new. Every day is a new day, I guess.
The $250 million USDC that was just minted out 30 minutes ago,
that should have some sort of effect on the market.
Yeah, probably. I mean, we'll probably see more minted throughout the
day if you're looking at live mints we got whale alert on no because that's it's
gonna get you the most up-to-date I have to I have it on my other phone.
Bernstein, managing $700 billion in assets, says Bitcoin has shown far more resiliency compared to past financial crises.
So again, good Bitcoin talk.
For me, yeah, it's great.
If you got into anything in the stock market, good for you. But me, I'm looking at this like, I like when TriFi starts talking nice about Bitcoin.
Again, let me just put this out there.
I can't stand institutions.
I hate the motherfuckers.
And we can agree to disagree, but I don't like them.
I just don't.
But that's not to say, hey, they're not allowed
to play in this playground.
But I don't
like them. I wasn't
cheering when they were coming in.
It's not because I'm a hater.
I just
don't believe this was made for them.
But it is what it is.
It's just because they know how to play the game better.
So they're not going to give people the same chance.
Well, you're not going to have the same chance
moving forward as you think you are.
So, you know, Bitcoin's at these levels,
even if it goes down to grab one up,
even to grab one up, one Bitcoin up,
would be probably very, very,
a very, very good thing for you and your, and your family in the future.
Yeah. Uh, just congratulated a friend yesterday, uh,
when he said that he had finally gotten to a whole Bitcoin, uh,
because that's actually,
sorry, it's going to, it's going to be more difficult over time.
So, I mean, I would cherish the pullbacks.
And for those that hate seeing price go down,
I mean, it's more opportunity to buy a very limited asset that's in high demand.
And, I mean, they're still coming through,
and all the bigger players are still
like looking at like outflows versus inflows.
There's your net flow between the two.
They're scooping up coins.
They're scooping up coins for Bitcoin, Ethereum.
I suspect that they're loading up the trucks
for the other bigger players,
your Solanas, your X xrps and everything else that
they've told you that they want to file for they've already filed for in terms of etfs
they're they're grabbing them up so and everybody gets really bearish when that
when price goes down just understand that there's bigger players buying
when you're selling you know it's funny former uh you mentioned ethereum uh former um uh head of digital assets for
vanik he said gab said that you know they laughed at me when i got into ethereum you
know he goes he loves bitcoin and stuff but he goes i remember we're getting into ethereum
and the and people really doubted that this shit would do anything and then Iran.
He's bullish on Ethereum.
Bitcoin and Ethereum, those are the two things that he's very bullish on.
Ethereum sitting at...
Where is Ethereum?
Ethereum sitting at...
Just over $1,500.
Man, this is...
Honestly, I got to tell you, man, i never thought it would be sitting at this price
never i i mean i i get this will hit me with the chart stuff i'm just saying i never thought it'd
be here i well you know it's not even the chart stuff i just kind of i've thought that it needed
to uh it needed to go into a bigger consolidation.
I've thought that since coming out of the bear market.
This sounds like chart stuff.
No, I just thought that it needed to consolidate.
There's other factors at play as well for Ethereum that have hampered its upside price movements.
But you had some really big sellers at 4 000 and above 4 000
like they were some of the biggest sellers yeah you know that that will have an effect
some some maybe uh for people's confidence some would say vitalik included um
that hey i'm just hey it happened um you know my my biggest thing though with this is this is the first time
in in the bull market that we see ethereum in the bull market as a pos and i've always wondered how
would this should work out especially with the upgrades and everything like how would
ethereum play out and um you know I'm just, I'm waiting.
Because I remember this in the last cycle.
It kind of like being, you know,
I remember people kind of like sitting,
like already burying the motherfucker.
And then it explodes out of nowhere.
So I'm just kind of like waiting here,
waiting to see when will ethereum
finally just you know take some Viagra or Cialis or whatever and enjoys taking and just
goes off the just ripping ripping I'm doing my ripping hard uh the upside, but it is what it is.
We shall wait patiently, man.
The whole economy, you got to wait for the entire economy.
These tariffs, Trump's coming out with not letting go of these tariffs.
By the way, I don't know.
I don't want him to let go of the tariffs.
You know, all this conversation about lift the tariffs.
I don't want him to lift nothing unless a deal is brokered to where the United States of America
is generating revenue
and there's fair trade.
I don't want none of the tariffs being lifted.
It makes no sense.
Ultimately, though,
you want to get to a deal
just because one thing is for sure.
Midterm elections are coming around.
The Republican Party has to be in a good position to go ahead and showcase that they actually did something through this entire time.
So I don't know.
I think if it goes on for too long, they lose.
They really lose because they don't have nothing to present.
And they're giving Democrats who don't have a message at all an opportunity to go ahead and take those seats.
Yeah, but here's the thing.
When you look at actual expenses for households, they're coming down.
That's what people actually care about right now is how much money is left over in their pocket after they go to the gas station or the grocery store.
That's where the American people have been getting hit the hardest.
And that is what is coming down in a very big way.
Now, granted, you know, oil is trying to find a low, but it's been skating ever since Trump got into office.
uh ever since trump got into into office or it's actually yeah ever since he got into office you
know it ran up on the way into inauguration day and then it's been in a dump off why because
we're back to drilling we're back to gas production so you know that's what people
are looking for and then when it comes to agriculture, there's a lot of AG that's down,
right? You got egg prices coming down, you've got staples coming down. And that's what people
care about at the end of the day. Most can look at the markets and understand that, oh yeah,
we've been here before, it will come back. But when it's constantly hitting them in their pocket every single day, everywhere they go, that's when people get upset.
And that's what we saw.
That was a big factor in his re-election.
So that's what I believe.
And that's the numbers supported.
Listen, again, this is what we voted for like if you're a trump you know you're a trump guy
if you're a mega guy if you're somebody who wanted change like this is what you voted for
so you can't complain it's one of those like you just cannot complain about anything that's
happening uh again the long-term effects is what i'm obviously excited about. If everything plays out the way it should play out.
Long-term, we become healthy, and it is what it is.
Hanak's here.
Obviously, Hanak's here to give his W-takes.
I'm pairing Hanak.
Hanak, what the W-takes, how are you feeling about the market right now?
Yeah, I'm definitely confused.
Good morning, David.
I hope everybody retweets this amazing space.
I mean, you're getting alpha.
You're getting information, bro, that you can't even get this.
You're not going to get this at Harvard, Stanford,
because those are freaking professors, bro.
Landy, David, these guys are on the front lines,
and they're not sitting behind some lectern. They're on the front lines and uh they're not sitting behind some
lectern like they're on the front lines putting the money on the line so make sure you follow
them and make sure you retweet the room um i'm very confused you know i have a question for you
guys because the market started moving up which is fine right on the other side of a of a colossal
you know crash the last last couple trading days.
But what I'm confused about is, didn't Trump give China a deadline by noon today to shift?
And if they don't, he's going to impose higher tariffs.
And yet the market doesn't seem to be worried about that at all.
So I'm genuinely just trying to ask, you know, and figure out, like, am I missing something here?
Like, are they pricing in that a deal will be struck that Trunk's bluffing?
Because he hasn't bluffed so far, and I believe him.
So I'm trying to understand what's going on.
I mean, the market needed meaner version no matter what.
And this is, it was a very big move, very big volatile move down.
So you're going to get lower term time frame, meaner version that looks like it's A-OK again, right?
Like that's positioning, right?
You've got sorts that are going to take profits at levels.
You're going to have positions closing out and liquidity rotating and all kinds of stuff happening.
You know, we even saw a little bounce in Chinese markets.
So, you know, it's still, it's all about how you end the day.
And that's what we have to look forward to is the end of day.
So, you know, mid-session.
And by the way, you do know that I used to be talking behind a lectern, right?
Like, that's the funny part about your comment but that was after you're coming that's that was
after you actually did some stuff right i would imagine you just get up there because you're
talking ahead uh i mean no um i was i was there because i was asked to be there um and then ended
up there for a long time but i just thought it was funny because like front lines and, and in the financial field,
a lot of people who are in the front lines are also at some point behind those
lecterns. So.
Yeah, you're right. That's a good point. Don't follow Lanny. Don't follow David.
They don't know jack about, you know, I'm just kidding.
He, he, he's, he's, you know, he knows what he's talking about. I'm just,
I'm just some little puppet. But I mean, the big thing thing is we don't know where things are going to go by this afternoon
or what's going to happen with the rhetoric.
Tough talk overnight.
Didn't really do too much.
Chinese markets turned a little green.
But, you know, yuan is still going down versus the dollar.
We still have some selling of bonds.
There's some things happening here fundamentally on the back end of things
that are going to be interesting going forward,
so we just have to watch and wait.
Yeah, I think we go lower.
I don't see China backing down this fast, this early.
I think they're going to make us bleed before they do.
And I just don't get it.
Like, I believe this man if he says
he's gonna stop on more terrorists because they're not caving man i i believe him i expect it so
yeah i mean in the short run i think we've got more pain but i don't i don't like china i don't
trust what they're doing i think they're you know they're dealing with somebody who isn't afraid of
them isn't bought by them isn't bowing down to them, isn't capitulated by them.
And I think it's the first time in a very long time they've had to deal with, you know, a politician, not a politician, but the head of the United States.
And really, who isn't afraid, like who can actually do things and is willing to pay whatever price to get us where we need to be so i'm bullish long term of course but um i'm very interested to see
this china versus u.s you know trade tit for tat
i mean trump is not going to lift or give extensions or exemptions to anybody anymore
on these tariffs um i'm just looking through all the news today. Right now, that's
popping off.
One that caught me was...
By the way, I'm not scared of China.
I don't
care. China relies on us.
I'm reading social media and some
people really think that we rely on China.
Okay, there are some companies
within the United States of America
that do, but
at the end of the day, we can
easily go ahead and
you know, like Apple is
about
or thinking about switching
to have their factories or have
their shit done in India
to avoid fucking tariffs.
So like there's ways around, there's ways to get around using China as the old and mighty,
like China needs us.
Like literally China needs us.
The one thing that was said yesterday that struck hard was here.
was here
China has this
surplus from the United States
of America, which can
which they can easily use towards
you know, which they
probably do, but towards their military and shit,
right?
Trump said he wants to stop that.
That shit caught me. Honestly,
I sat back, I was like, yeah,
that's an excellent reason
why you continue these tariffs and you make sure that they come to the table where you can negotiate
like a a real deal with this country who who else is let me ask you a question who else is
gonna buy chinese products like who's really buying Chinese products like the Americans do?
Nobody.
Here's what you're going to get as the pushback, though.
Well, listen, here's what you're going to get as the manufacturing facilities in China that account for all the exports going to other countries.
And the other 80%, who are they selling to? They're selling to us, just in a roundabout way.
Well, I mean, no, they're selling their exports directly going to other countries.
But here's the thing.
In terms of their production exports, you know, everyone that is hand-wringing about this and saying, no, no, no, we're in a weaker position are citing this 20% figure.
this 20% figure and failing to understand that a ton of American dollars are behind the corporations
that are exporting the other 80%. And it's a very large, it's about, it's about 40%. So you have
about 60% of their exports. If you were to trace back the money are American backed companies in
one way or another, either they're American owned and based here in the
United States where we've exported our production there, or they are Chinese private owned companies
and manufacturing that are exporting to these other countries. So a lot of people think that
they have like the gotcha. And if Trump did not have an upper hand, he would not just be as as as gung ho about screw you.
I'm going to keep slapping you with tariffs.
This has a few different effects, right?
Like who owns most of our debt, right?
It's China.
China.
And there are other countries, yes.
But China is is a big shareholder in our debt.
And the harder that things are for them, the more likely they are to do a swap in their treasuries, which is part of the pressure is the selling of treasuries that's keeping yields floating.
And I think that this is actually kind of assuaged
the Fed here. I would love to be a fly on the wall on their meeting yesterday
because we're seeing a dynamic situation that I think is being hyped up by the media.
And both Trump and Xi are utilizing the media megaphone to amp it up further,
because they have economic goals, and this isn't economic war. And trust me, Trump talked tough
at the end of his last administration about the origins of COVID. He was unafraid of going right
at them. And a lot of people thought
that that was kind of a ruse, that he was just attacking them because he was quote unquote racist
or this or that. It's like, look, now we know the truth about what happened over there. We also know
who was funding it, of course, but we understand who that was in conjunction with. And, you know, Trump felt like that was an attack on the United States.
I don't think, I think this is a much bigger thing than people understand.
There's much bigger things at play just beneath the surface here.
And economic warfare is the preferred way of doing things because we'd rather not just
have more actual warfare.
There's so much fucking news coming in trump's not to be played with though i'm talking like i
don't know like i think they i think they think that trump's going to fold but go ahead russell
what's going on they do they really do oh my bad good morning guys i was just gonna say
real quick do you guys ever think it could ever escalate to a hot war situation?
Of course. That's exactly where, you know, all roads will end up, but I don't think it'll be anytime soon.
Yeah, I don't see a war popping off between the United States and China.
states and china um yeah when when that taiwan thing happens you know i don't you know they're
protecting 2027 i definitely think that that's when you know things will happen but it ain't
because of us well let's be real too right like modern warfare is way more than just you know
like boots on the ground type army peeps right like there's drone warfare there's all this
covet this covet to fuck up the entire world yeah and then you know there's also like you know stuff like and this is not conspiracy right like
but like stuff like harp stuff that can control weather we see that like that happened in the
middle east recently a bunch of issues with that right so who knows what really is out there i
mean we're not talking about world war ii here we're talking about something that could be way
beyond even the type of technology we've ever seen right like so one of the bigger things that i i hope you
guys have been paying attention to is some of the people within trump's administration on the defense
side of things have said pretty clear you know they've echoed the sentiment that whoever makes
the drones rules the world right and who And who makes most of the drones?
China.
So there's strategic stuff.
It's more than just economic stuff.
There's strategic national defense reasons
why we want American companies coming back here,
why we want production coming back here.
It's far bigger than just the economic side of things and shrinking
the trade deficit. That is a very large piece of it, but there's also the strategic pieces.
And Trump has been about two big things, is protecting American sovereignty and strengthening
the military and reviving the economy and not just wall street right which
you know is really screwing people up because everybody's looking for the gotcha on the other
side of that well he's gonna make all the rich richard it's like look at the rich right now
they're taking the hit the hardest well you know what with the percents that i've looked at i don't think any of these uh rich uh elites that you
know what let's get away from rich i don't think the wealthy are taking any sort of hits because
like i i think they really are shorting the market i i really do believe that with other people's
money 100 portfolios yeah you have look there's you have
the rich individuals but when you look in aggregate at the distribution of you know you brought this
up with the distribution of stops and who owns most of the stock market right well you are going
to see hopefully a shift in that we've seen a little bit of slush in that but you know one
one crash does not beget a massive yeah we will
it's all about policy and enriching main street through additional policies not just tariffs
not just markets crashing but you know seeing where things go as policy develops over time
do you know the reason why the reason why the average part the reason why that's this isn't
going to change the wealth gap is actually only going to get worse as time goes on.
There's a lot of reasons. One culturally, we, you know,
this culture trains you and baptizes you in the doctrine of,
if you want to make more money,
you got to go trade your time for additional wages.
The principles of investing, the benefits of long-term thinking,
and seeing an ROI over the course of decades is not a value or a priority in this culture or economy.
And that's not going to change all of a sudden.
It's human nature, really, and culture is not going to change anytime soon.
I think it gets worse.
I think in the end...
There's no work ethic.
You know, we don't have people...
Exactly. There's no work ethic. You know, we don't have people. And it's very difficult to go work for a company these days and say like, hey, I want to retire here because I have the ability to move up.
By and large, if there's a large corporation, it's very difficult to move up.
So people job hop.
And part of that is because we don't have production here.
And a lot of people making the argument well okay well if we bring production
here it's going to raise costs and it's you know then you have to hire more here and at higher
prices and that's going to pass down to the consumer a lot of people aren't factoring in that
even with high tariffs coming over when you by the time it's tariffed and shipped when it's built
here you're about the same price anyway
or less here not to mention that we're on the cusp of a revolution in robotics and ai
and we're going to need people to service and build all those facilities service the robots
program the ais and all of the other little industries that are going to sprout up around that, that increase production here at home. And then you might have a future in some
of these corporations, again, if you actually want to go work a nine to five. That's probably
not the way things are headed in aggregate, because we're on a we're on the cusp of another
industrial revolution. But for the new age, with this kind of newer technology so we'd rather have
it here than let china go through their revolution and we get left out and then we're beholden to
them for everything that's produced so yeah i i think i don't see it man the average person
it is so the odds are only getting worse what's it what's so interesting to watch it's like
andrew's complaint yesterday
about, you know, just how difficult it is on the come up for this generation
compared to the last generation.
There's some merit to that, but we have an opportunity
that the past generations have never had, and that is Bitcoin.
And I'm telling you right now, bro, like just the more I spend time
reading, studying, learning this perfect engineered thing, perfectly engineered capital, the more I spend time reading studying learning this perfect engineered thing perfectly
engineered capital the more i realized like bro this is literally my way out i don't know where
else i'm going to be able to deploy capital know that there's a safety net underneath me because i
have a 16 year track record of them trying to destroy this thing with everything they hatched
they couldn't do it but we're still not in that mass adoption phase meaning you're past the risk part like for all of us in here right now you're past
that phase where we're wondering if this thing will actually survive no you you are blessed
because you we just had 15 years of history showing that they couldn't lose this thing but
we still have so much upside left 20 to 30 per year on average potentially over the coming two
decades you're not going to see that in real estate you're not going to see that in equities you're not going to see that outside of
maybe a business that you run that's ultra successful which is 0.001 percent of the planet
and yet you're sitting right here catching bitcoin at 70k before it hits 100 mil at the end of your
lifetime that is insane let's go with uh speaking of and, let's go with Andrew. Andrew, good morning to you.
Yo, what's good here, this motherfucker?
Yo, we are so fucking back in this bitch.
Put in shorts.
Put in the shorts.
Put in the shorts.
Put the shorts in.
What did you buy, Andrew?
Yo, I was, bro, I thought I top blasted the fuck out this shit, so I hit it with a hundred clip yesterday when we were on the show, um, our RFC, bro,
I'm up a fucking a hundred Solana right now.
I'm happy.
I'm happy.
I'm up a hundred Solana.
Um, fucking go.
Yo, Russell.
No, I was, yo, I don't top blast shit, but that, that was a good play.
But yo, the trenches are fucking cooking right now.
Like dude, yesterday was a couple cooks.
Um, today we're seeing like
things from pump.fun like getting over 50 million like this is really bullish for the whole ecosystem
and a whole and i i feel like this type of stuff like these types of things happening in the
trenches is what's gonna help bring back people to crypto help bring back you know certain
degenerates that think that oh hey i can put a hundred dollars into something and make a million out of it you know i really
bro i i think it's good when i see the trenches are like you know stimulated i just know that
but you know we might see a market we might see the market reverse who knows you know
that's what i'm thinking but yeah i'm happy how you guys doing yo i thought about this the other
day when i was looking at fartcoin i was
like who knew who would have known that fartcoin would be your hedge in your portfolio like holy
do you see the art coin right now bro do you see how much liquidity is in far coin like jeez from
me bro far coin looks so bullish right here bro like dude it's disgusting bro everything does
have you seen these charts
on all these memes? The leverage fund
that I have with fucking Farcoin is
that it's just, it's priceless, man. You can't beat
that shit, dude. Hey, real quick. I am not.
Can we talk about that? Can we talk about memes?
That's the problem with you guys. Can I tell you,
like, one
green candle, right?
If you go, I want you guys
to go listen to yourselves yesterday as, no, no, no, no, hold on, hold on.
I want you to listen to yourselves yesterday because all these shows are recorded.
I want you to listen to yourselves yesterday and exactly what you were saying yesterday.
Now I want you to listen to yourselves today.
to yourselves today. Play this
Play this back.
back. One
fucking green
candle and
everybody's, the trenches are back.
We're so
back. No, no, no, no.
Well, I hold Ethereum
no doubt about it. That doesn't mean
that's my only thing. I mean, like, that
sounds stupid. Let the man celebrate.
No, I'm just showing.
No, no, no.
No, no, no, no. No, no, no. 5% pump.
I'm talking 100%. No, no, no, no, no, no, no, no.
You were the same person who came in here.
Hold on, hold on.
Let's acknowledge Andrew here.
Andrew came in into this show yesterday.
Oh, yes.
Get him, David.
Andrew came in yesterday and said, we are now in the bear market.
Okay?
Everybody understand we're in the bear market. How are you going to tell me we're now in the bear market okay everybody understand we're in a bear market
how you go tell me we're not in the bear market what today comes in yo you here yo like yeah
trenches are back 50 mil market yo i know when the trenches are back they back yo i'm cooking oh my
god i did and the fork yeah i'm. It's just, it's so psychological.
Like, the people that are successful, I'm going to tell you right now, the people that are super successful, the people that, like, never get too high, never get too low.
They look at all this stuff.
They don't go against the market.
They just play the market.
And that's it.
They position themselves well.
And they're Gucci. but some of you guys i can save them no no no no no no no you came in here
talking about we're going to fucking three dollars bitcoin okay that's the conversation
you were having yesterday today today we're fully back. This is what scares me.
This is exactly what scares me.
When the fuck...
To be fair, David is right. You were so
bearish yesterday, bro.
You were trying to tell everyone we were in a bear market.
I came up yesterday. That's why I said, yo,
ETH, Bitcoin, that old people
boomer shit, that shit's in the bear market. The trenches,
we cooking over there.
I was like, yo,
don't pay me an RFC. I i said don't leave me on rmc
i'm up 100 y'all up three percent it makes sense i can't believe you made your you know david i
can't say much to this guy because while we were losing eight figures over here this guy made his
millions during the downturn i really can't say it worked the downturn now when they look they're
moving away from the bear market and they're now calling it the downturn there really can't say the downturn now when they look they're moving away from the bear market and then now calling it the downturn
I never said it was a bear
We're in a pause market David we're in a pause market
Yo, Andrew, I will smack the shit out of you. They would not use
Yeah, yeah
You said we were in a bear. We had a 78k Bitcoin. You're talking about a bear market. That's crazy
I am literally I have been sitting here trying to
figure out a word to use to describe this current pause in the market right because that's what i'm
really calling my mind is just like a pause like because i don't know like i've never seen
this before in terms of tariffs being pushed by trump this hard or any president taking a tad the entire world so
it's kind of like okay there's a pause going on there's a slight pause but i don't i don't think
we're in a bear i had all you motherfuckers in my dms forget about on this show and motherfuckers
in the dm and outside in the comments you stupid motherfucker this guy look at him right riding fucking trump's
dick look at him look at him go look at him go like sea biscuit like look at this motherfucker
and i'm like yo i mean like i'm just i'm just looking at numbers and shit bro like i'm just
putting it together i don't i don't believe we're in a bear no no no you old boomer first of all i'm
not a boomer and second i don't know maybe i should take that as a compliment i don't believe we're in a beard. No, no, no, you old boomer. First of all, I'm not a boomer.
And second, I don't know.
Maybe I should take that as a compliment.
Oh, no.
I'm not a boomer.
Half the boomers are dead.
It just makes me laugh.
Everyone calls them the boomers.
Most of the boomers are nearly dead.
I'm sorry to say it's the Gen Xs.
The Gen Xs is the generation that is coming on.
But, you know, I came up here to thank you for
for bringing me out David as well I came up here because I heard Andrew and I just wanted to come
up and say yes Andrew I love it go but you know what and then you came out with that what did you
call him the old old boom I don't know what you said but it just made me laugh but you know I was
so bullish yesterday I watched uh the Raoul Pal Real Vision. He was with
that. Oh, what's his name? Can't think of his name now. And I was so bullish. And I was in a
couple of groups and I went and I was like, yeah, really bullish guys watch this. And so many people
are just shitting on me. And I was just like, what is it? How you can't be bullish without
somebody bringing you down, you know, so you down. It's great because that
energy is infectious.
Just stay positive, guys.
We're so close. Nice one, Andrew.
My outlook hasn't changed.
I hope I know. My outlook hasn't changed.
What's your outlook?
We might have a little bear on our back.
Oh, here we go.
Oh, my God.
So what Andrew just did...
No, no.
What Andrew just did was... Check God. So what Andrew just did. No, no.
What Andrew just did was.
No, check this out.
What Andrew just did was he saved himself here, right? So tomorrow or later today, if there is a pullback, if there's any red, Andrew will say, listen, man, you know, even though I came on here and, you know, obviously I made 100 soul on a play.
You know, I still I was telling you guys, I still didn't think we were out of the, out of the woods.
Right.
If you play the recording, you can clearly hear me stated.
Yo, that is such a cop out, bro, man.
Holy shit.
Grow some balls.
Stand on business, bro.
I've been saying we're in a trading market.
We're in a trading market currently.
Shut the fuck up.
Everyone's taking a pause and we're all trading everyone pause and start trading all right that's what
we got to do get i can't i can't i can't let you people know you are literally exposing yourself
right now we're at a 78k bitcoin you were talking about a bear market yesterday we got the receipts
dog david delete the space you can't don't you know normally i defend you because you made your
millions in memes but now i gotta sit here and prosecute you man, this is it is what it is
I'm happy that everybody's happy kind of thing, but you know for me like I'm kind of like just sitting back and just
Watching the market and you know buying watching your mom fuck the eat. What the fuck is this a watch? It's like paint dry
David let me take you know along in the trenches, bro. Let me take you for a little ride along. Yeah, you guys took me for a ride along
Yeah, yeah, he's gonna have the whole fucking chat like listen listen
I got fucking deep coming in so you can slam it on his head, bro. Trust me like
I got fucking Dave coming in so you can slam it on his head, bro.
Trust me.
That's exactly what they do to you, bro.
It happens every fucking cycle.
Yo, David, don't worry about it.
Yo, yo, I got this right here, man.
This shit is a winner.
This is a cook right here, bro.
A cook right on your forehead.
Welcome to Crypto Talk Radio, man.
Are the markets showing signs of life
signs of a fucking rally or is this just like something to you know just keep us floating
right we're drowning but they just lifted us up a little bit so we can catch a breath here
and then we're gonna go back to the red um you just asked me am i staring at eth no i'm
actually staring at other shit within obviously the crypto ecosystem and outside of it to see if
i can just grab something here that is obviously i think it's over a lot a lot of this stuff i think
is oversold so like i'm trying to just i don't blame you one bit i'm just trying to speaking of
which can i just make a comment real quick on RFC?
RFC wrecked a whole bunch of fucking other charts, by the way, Andrew.
I don't know if you checked that out.
So there's always that, right?
So it's like, yeah, we got a runner, but what about all the other charts?
You got to sell those and get into the sweaty terminal and get into the next plate.
Let me tell you, y'all looking at your charts right now, right?
Y'all looking at your charts?
Which chart are you looking at that's up 100%? What chart are y'all looking at your charts right now, right? Y'all looking at your charts? Which chart are you looking at that's up 100%?
Which chart are y'all looking at that's up 100%?
None of y'all charts, all right?
We in the trenches.
We up 100%.
Bitcoin.
Bitcoin on the year.
Nah, I love Bitcoin.
Shout out Bitcoin.
I got my Bitcoin for a low.
Called it at 20K for the people.
I did want to point out that, look, I know that David, you're a fan of calling it a pause. We do have a term for pauses. We had a but could it be a start of one is what everybody's gauging right now?
I said this yesterday. seen so i i get the numbers and you should look at the numbers and the charts i i get all that stuff
but i'm looking like the the trump tariff shit is something that i've personally never seen and i'm
trying to so my mind is saying i don't give a fuck if this is recorded this is what i this is what
i'm thinking i've never seen a president come out here and an administration just fucking say, we're putting tariffs on all your motherfucking asses.
And we're not lifting them until you come to the table and you agree to our deals.
It's like right now, look, look what Trump's doing.
He told the EU you're buying $350 billion worth of energy to erase the deficit that we have here with you guys.
Hold on.
Are tariffs still going to...
I have a lot of questions. Are tariffs still
going to be in play?
Absolutely.
Some of his messaging, I love Trump,
but some of his messaging,
he gives the liberals, he gives the liberals a chance to rip apart something that he's doing, which we all know is good and beneficial for the United States of America. I like to call it, look, I'm a Republican, but I like to call it out as is, man.
We started with, we want to bring in revenue.
We're telling, we're forcing a nation like us.
We're forcing people to buy something from us.
The way he, the way he's put it out there to me, I don't,
I'm not here.
I'm going to get killed for this.
I don't fuck with that.
Let's make a deal let's make a deal obviously because a lot of these countries have been robbing
us but we can't force people to go ahead and like he's asking for countries to pay for shit
for countries to pay for that he wasn't around for and like i'm not i don't know how i feel about
that okay lanny i just want to say i'll tell you one thing real quick and i want you to cook bro
here's i'm looking for the bearish catalyst bro i don't want to be stupid blind and dumb here
i just don't see it all i see is bullish catalysts between legislation, pro-crypto administration,
rate cuts are 100% priced in for June.
And you know what happens every single time there's a rate cut, man.
I just don't see it.
Help me to see the bear case.
Okay.
Well, rates typically, like we saw two cuts last year, right?
Like we saw two cuts last year, right?
So rates being cut aren't always a bullish signal because it takes time for that.
Because it's all borrowing, right?
And it's refinance and like all that kind of stuff and rolling debt and that kind of stuff.
So you have to understand that takes a little while to make its way into the economy.
There's a few points that david made first off trump gives them ammunition and
sound bites so that he can beat them over the head with later when they are proven completely wrong
this has happened time and time again he did this throughout the he's done this throughout
uh his prior administration he's done it um, the entire time when he was
campaigning. Um, and, and he gets the media to discredit themselves. That's one of the reasons
why trusted media is at the lowest that it's ever been. That's why it's the whole, you know,
we are the news kind of thing that's occurring right now. So I'm not concerned about the sound
bites that he gives them. I don't really
care. It's going to have very little effect come midterms. Because even if we were to,
at worst case scenario, I pointed this out yesterday, where it's like, okay, look back
to the last time that tariffs were implemented. Talk about it caused about a month or so of sideways and down in markets
with 11% to 12% corrections. And then it was up, up, and away. That was the beginning of
2018. Around the end of 2018, right around the quarter turn, we had 90 days to find the low.
Traditional markets dumped off in aggregate 20% and in some cases over 20%.
So it was fine.
And then it was on to new all-time highs.
It was not the same for crypto.
What makes me confident, even if there was going to be a longer bear period,
also known as a full-blown bear market, which is not confirmed. For those that
think that it is, you're front running, it is not confirmed. I've been very clear about that.
But the chances of it becoming one are much higher now than they were before.
The difference here, especially in crypto, is that last cycle when we had a bear market where it took a year
to find the low, what was the environment? The environment was all negative towards crypto.
And it was all about it's dead. They're going to try to kill it. If they can't kill it,
they're going to go full on and control it. And it's possible that they could try to eliminate it entirely. There was all kinds of different things occurring on the policy side of the prior administration and in Congress that was all focused on attacking crypto.
time around, which should give you the confidence that even in poor price conditions in terms
of returns, that we're in a scenario and an environment where this is very highly desirable.
And not just by corporations, but from a policy side, it's desirable.
And from a technological side, it's desirable. And from a technological side, it's desirable. And even from a nation state side, it's desirable. So we have very different factors at play to be bullish about in the crypto space at large. happens in traditional markets or no matter what happens in terms of crypto markets, in terms of
cycle, we're already in a spot where we know that we're in an emerging asset class. And it's
something that we don't have a ton of resistance to now. We have more reasonable people in power
that want to see this succeed because there's a lot of money to be
made on the other side of it. And I mean, I'm not here saying like Andrew, that it's a full-blown
bear market. He might be right. He might be right. Maybe that was the top. A lot of people could be
right about that, but no one knows because it's not confirmed and we are getting conflicting signals it's like the same people saying that we're in a
recession if we had um big daddy larry come out yesterday and say what oh we're already in a
recession no we're not like just factually we're not like by all the the metrics that we measure
we are not in a recession at what point do you consider it a bear though what like that's what i'll get like y'all y'all be wanting to call a bear at 50k okay listen listen um no
first off that's not if you were to look at at just the charts in traditional markets we have
entered the the crash percentage of around 20 signal the bear but what i'm cautioning about
is look back to 2018.
It took 90 days to find a low, and then we were right back on marching new all-time highs.
That was a bear, technical bear, right?
And so people thought we were going to go into a long-form bear and reaccumulation.
We did not.
So and I think that's why David is saying pause and using that as the terminology.
It's a downtrend.
It's already a bear on like weekly timeframes.
Like that's already a given.
Landy, Landy, how much worse can it actually get though, right?
We just had Armageddon, insane the tariffs.
We have high rates.
And look how Bitcoin has performed in the middle of all this madness for four months, bro.
Well, Bitcoin was also the first one to break down before traditional markets broke their structure.
That makes my case.
Well, it was front-running the breakdown, right?
When you're looking at the bigger place, because crypto in general is so small as part of a portfolio,
what was the first thing that was rotated?
They rotated at the supports on Bitcoin, tanked it through the supports, and the same thing happened to the rest of the market, right?
And then you have now later traditional markets follow.
So the leading indicator in that case was not that Bitcoin was uncorrelated or because it's holding its low that it is, it is decoupling.
That's not true.
It's,
it was just leading in terms of the,
it's down 30%,
more than 30%,
right?
for crypto and a highly volatile asset,
you can't call it a bear market till you look at structure.
That's my point to you,
Andrew.
You can't look at it.
It's in,
it's in a weekly downtrend.
It's not in a monthly downtrend.
It's still in higher,
low structure.
But don't the best traders get ahead
of the trend though? Aren't the best traders
trying to get ahead of the trend? Yeah, that's why
I'm short, but I'm not out here declaring
I'm not out here declaring
at a bear market it's all over, pack it up,
go away, come back again another day.
And that's why your name won't be remembered.
That's why your name won't be remembered.
They're going to remember Big Sweaty
when Big Sweaty told them on 100 remembered. They're going to remember Big Sweaty when Big Sweaty told them on 100K.
They're going to remember you
when you tell them that the low is in
three months later after the low is in?
Good job.
Good job.
Because I was telling you
that it was going to come down last year.
So if you want to remember something,
remember that.
Bro, he just said there's levels to this.
That's what he just said.
I'm playing. Yo, Lenny definitely. I know you're playing i know i know um but i'm being i'm taking because i i really want to stress that when i hear david say pause when i hear bears everywhere
screaming that it's a bear market it's a bear market if you're talking about crypto alts still technically in a bear market alts are in a bear
market and um memes are in a bear market there's very few structurally that are in a bull market
there's there's next to none he said memes are in a bear market i don't i don't think memes are
in a bear market go look at the chart you retraced 90 yeah but those were those are bag holders those are that doesn't mean how
no he's no he's right he's right bitcoin is nasty but meme coins are in a depression i think we're
seeing them i think we're seeing meme coins decoupled run cycles we're seeing meme coins
decoupled from the from the market we're seeing a decoupling from bro we're seeing meme coins Yo, I think look, I think memes will come back.
But yeah, I agree.
I agree, though.
That's wild, man. That was a wild thing.
I guess you want to use the terminology bear fine. You want to use the common fucking words to describe the market and people will be like, what the fuck are you talking about, David?
But fine.
Fine.
Memes definitely are in a great depression.
are in a great depression i mean like there is no doubt about it man uh you know motherfuckers
I mean, there is no doubt about it, man.
and memes are on soup lines right now waiting to get that meal in but i i do believe that you know
the real memes will come back well i i do believe that i mean i just base it on dogecoin so like
you know if you want hope in your conviction plays like the real conviction plays and then you just look at
like something like dogecoin again i'm not comparing every single meme to it but you know
dogecoin has been uh has found a way to come back to life in every in every goddamn cycle so
so i i do believe the real memes will bounce back the tickers uh you're you're done you're done on
the tickers you're done i'm just letting you guys know maybe
one out of 20 000 tickers will go ahead and show a sign of life but that's about it man
those are zombie those are zombie plays
yeah they're all they're all screwed yeah i just came out with you terminology those are zombie plays
Because in order for them to survive, they need fresh blood. There you go
This is terrible zombie plays That was a coin. Do y'all remember that one? Zombie Eno at 21. Y'all remember that?
No, no, no. Hold on, hold on.
Yo, we got to pause right now real quick.
Something special just happened.
I just made a new fucking phrase, man.
Zombie tickers.
Why you got to do that, man?
No, because, like, think about it.
For real.
Zombies need fresh blood to stay alive.
All right?
Those tickers ain't getting that.
They're going to die.
They're dying.
Okay?
I'm really disrespecting the trenches right now.
What about the dead cat bounce?
I'm talking about the tickers that came out for the last fucking eight to nine months.
Okay?
One out of 20,000.
We'll see. We'll see a slight pulse okay that's generous i'm being nice
call them zombie tickers that's right zombie tickers that's what they're called
jesus yeah damn it's crazy because you can still you can still search them and then you see no
volume on them
You know, they're dead but all it takes is a little fresh blood
But you got because you got three people in the fucking in the fucking telegram
They're like yo, don't worry man
Working on this
So Landy, Landy, you're saying like bitcoins like when it comes to structure
You need to see bitcoin do these type of bearish activities for a longer time frame before you can officially call it a bear market.
Is that what you're saying?
I need to see a structural break on Bitcoin on a monthly time frame.
That's what I need to see.
And right now it's on a weekly?
It's on a weekly, yeah.
So hold on, hold on.
It's only just set up a reversal on the weekly.
Landy mentions bear.
A lot of people have been mentioning
bear if we are in the air quote i'm gonna give a this is you guys saying and not me but if we're in
are you saying a bear market or are you just saying in a or in bearish territory we're okay
no no we're in a bearish trend on the week okay we are in if we're if you were to look
at altcoins they are definitely in a bear market right they ran to their highs they dropped their
lows aggressively by in and even solana i mean it's it's it's down to 100 bucks i mean if you're
to look at that move i'm telling you i really want to say a lot of back to its ultimate you think a lot of them
you think a lot of them ran all of them my point is is that they never even left the bearish
territory they all moved with bitcoin as bitcoin dominance was moving they never even got their
pop and rotation my point about this is what i was trying to do is, is kind of quantify what,
what a pause is, because when you're saying pause, it's still technically in traditional markets,
they're going to, it's a technical bear market, but that just like in 2018, if you were to look
at 2018, it took 90 days to find the low. And then it was right back to new all time highs
that you could qualify as a deep correction called call the bear market as soon as it actually hit the lows,
and it was technically a pause because what did it do?
It marched right back to new all-time highs.
I don't disagree there.
For me, it's just like this cycle is so new.
Again, I'm not asking anybody to use my verbiage and shit.
I'm just looking.
I'm defining it
differently than a lot of you guys are that that's all like i'm looking at this like i believe that
the altcoins did not run like i get where you're coming from landy but like they a lot of these
things didn't like chain link they didn't hit us all-time high. You know, like... No alt season yet.
There's no alt season.
Aave didn't hit us all-time high.
My alt bags haven't popped, Landy.
There wasn't alt season.
It's just the liquidity was spread thin.
So that's why we didn't see the $100 billion market caps
we were expecting to see.
Listen, we're not...
I don't believe we even started yet.
Like, let this open... We haven't seen old season.
Okay, so hold on.
The tariffs come to an end, right?
By the way, let's recognize how fast Trump's moving.
Okay, let's fucking recognize how fast this administration's moving.
Motherfuckers don't understand.
You have vets on here who are professional traders for over 20 years saying,
yo, the fucking market
does not know what the fuck trump's doing and we're waiting like we are sitting impatiently
fucking waiting because like this is like the speed is crazy but we've never seen this a lot
of people like that i respect say like i haven't seen this before yeah people that are coming out
and saying then the next 90 days next 90 days we should see the
markets really recover because they that's when they believe that all these tariffs most of these
tariffs will be lifted especially with countries like south korea and who today is coming to the
table all these countries that are trying to make deals soon you'll see the markets react positively, but go ahead. One thing I just wanted
to land on is if we're in a bear market, then why not look at Bobo? That's what I wanted to say,
right? If you don't play something, right? Why not Bobo? Anyway, go for it, Andy.
Okay. So here's the thing. We know that we are going to recover. It is to what point do we see that recovery last?
Like, how far do things go? Because everything is measured in returns, right?
We're in a very high volatility environment where the dispersion of returns is very wide, meaning that you have implied volatility in a Six Sigma event, right? And typically,
those are, I'm not financial advice, you buy Six Sigma events, right? That's what you're seeing
yesterday and today, right? And it's all about how you structure your scaling in case it does
turn into something that could go further down,
right? It's, we're going to get a bounce. We're going to see price move back up. And I do think
90 days, that's a quarter, much like what I just said about 2018. So, so calling it a pause is,
is a good way to look at it right now. It's a matter of when things do come back up,
do they fail to make new all-time highs in the closing
if they just swing the all-time highs?
Or do they make lower highs and then drop the lows?
That's what we have to, we are not there yet.
And when you're talking about like long-form bear markets,
we're not even close to being there yet because this is the initial big move to the downside for traditional markets.
Altcoins, by and large, are already in a bear market.
You have some that have just broken structure and we have to see where they land in the next big pump.
And then you have Bitcoin that's still in a bull market.
So we have a lot of mixed signals. We've got numbers coming out that are foreshadowing or indicating or potentially
creating recession fears, but the numbers aren't there yet. We have all of these things. It's like
a perpetual edging. It's like a perpetual
edging. Like that's what this is. The market is perpetually edging all the participants right now.
And there are a lot of participants who chose to park capital ahead of this because they understood
that this is going to be a very volatile time in history and it could be very quick, right?
and it could be very quick, right?
And that is what things are still pointing to
as it stands right now,
is that this could end up like in 18
where it took 90 days to find the lows
and then it was right back on track
and we went into seeing new all-time highs.
The big thing in crypto is we did not get an alt season.
We got little mini alt seasons here
and there. Every time Bitcoin dominance decided to sneeze to the downside, Henock and Andrew,
we got some alts were holding up better. Bitcoin would hold the lows. And then what happened? We
saw alts rip and their Bitcoin pairs rip.
Now, of course, we did not see Ethereum Bitcoin rip. That's been the bigger outlier that is usually
where we see a lot of capital rotation to that starts to kick off alt season. We haven't seen
that yet. It's, I think, loading. I think that we are in, this is where you can start getting into
extended cycle theory and what's actually happening with maturing assets. Are we on the
same liquidity cycle and path? And that argument could go until the end of time because there's a
lot of points on both sides. But I can tell you that the mixed signals that the market's getting right now i would agree with david david's assessment that it is a pause to your point andrew could it be a
bear market um you're already in one bro if you're in alts like if you're in traditional markets
they've already declared it a bear market because of the correction but that does not mean
that it's going to be a long form one that's it and that's just think i think the problem people
are having to cycle i think everyone like just because new things are involved etfs black rock
and stuff like that they think like things are like different this time like you always hear
like things are different i don't think anything's different this time i think we're going to still
experience our four-year cycles until the end of time when
it comes to bitcoin and if that's true all right let me ask you start a bear if that's if that's
true when did that start when did the when if it's true then when did the when did the bull start
and when did it end bull started around when pepe got launched let me see so april of 2023 so you're looking at me
and saying the four-year cycle began april no no not april hold on hold on your market
i made a mistake one second let me let me take a look we had no fucking liquidity anyways to be
fine found when pepe launched if you're going off cycle theory andrew then it wouldn't be until the end of the year where we would actually see the highs right which means if you're doing four years for your
cycles you'd be looking at at q4 of this year and that's what everybody's still looking at right now
you we're in 2021 where were we in the first and second quarter?
It was literally the same.
It was horrible.
It was a brutal, massive correction, break of structure.
Everybody screamed bear market.
Bitcoin went sideways and saved all your alt bags on the way back up to essentially double top because we never saw a close above $65,000 on any timeframe higher than a daily.
We saw it on some medium-term timeframes, but not on a weekly, not on a monthly, obviously
not on a quarterly.
So that was your big run back up, sweep the highs and go into a bear market.
When we saw that failure, that's when we knew that there was a bear markets
on. This is a bearish. All of the fundamentals are pointing that way. All the liquidity is
pointing that way. It swung the highs. There's big divergences everywhere. And sentiment,
obviously, was not there either. My point is this. Even if you're a four-year guy,
which I don't know, whatever. But even if you are a proponent of the four-year, by anyone's metrics, let's use all-time high of 2021, November 2021, all-time high of 69K Bitcoin, just count four years from that moment, and you're still in the four-year theory.
Your theory. So like regardless of whether we're in a four year situation or not, they're like you're going to have to say that it's not over yet.
And there's still bullish catalysts. Here's what I'm seeing this cycle, regardless of whether it's four years or not.
What I'm seeing is bullish catalysts are driving this whole thing. Like summer of 2023, we were still supposed to be dead.
And then BlackRock said, nope, we're coming in. Right. Bullish catalyst. Then the ETFs hit beginning of 24, right?
And we ripped and we ran, right?
And then Trump got elected.
Oh, I'm sorry, hold on.
Then the rate cuts happened, Landy.
At the end of fall, Q3 and Q4,
Bitcoin broke to all-time highs
as well as Trump's ascension.
So bullish catalyst after bullish catalyst
after bullish catalyst.
Now let me do the inverse.
Go back to November 2021.
What had happened at that moment?
Why did we break down?
Why did things go down?
In part because of negative catalysts, right?
At that point, we'd already printed trillions of dollars.
We already took interest rates to near zero over the last year and a half from that moment.
We already ran up to new all-time highs.
Biden is in place.
The SEC hates us.
They're cracking down on crypto.
They're destroying this entire space. It was nothing but negative catalysts that drove that
downturn. So for me, I'm just looking around and going, bullish catalysts push us up,
negative catalysts push us down. Do I see rate hikes coming? I do not. Do I see additional
quantitative tightening coming? I do not. Do I see an anti-crypto administration? I do not.
Do I see massive adoption taking place before my very eyes? Yes, I do. Do I see rate cuts coming? I do not. Do I see an anti-crypto administration? I do not. Do I see
massive adoption taking place before my very eyes? Yes, I do. Do I see rate cuts coming? Yes, I do.
Do I see money printers coming? QE. Yes, I do. I see nothing but just bullish,
cattle-centered bull. Yes, the tariff thing was definitely like discombobulating. But my guy,
we have pretty much written through the worst of it at this point. I don't think the tariff thing
is going to be much worse than what we're seeing.
Even if it is worse than what we're seeing right now,
look how strong this thing is holding.
For all those reasons and more, I don't
see a big... I'm hunting. Believe me
when I tell you, I don't want to be a delusional retard.
I am hunting for negative catalyst
to make me go, we're headed down.
I just don't see it.
I see what you're saying for Q4.
I don't know.
It's just an interesting time to mark. Besides the four-year cycle, I'm also taking I just don't see it. As much as everyone hyped about him, I think he's a great president, but it's a regular dude. So if he decides to switch something up
or change certain policies,
I don't know.
I just feel like it'd be more beneficial
for him, and I've been saying this
for a while, for him to pump the market
towards the end of his term.
And that can't happen
if we see a pump in Q4.
How would that make sense?
We broke all-time highs twice.
We broke all-time highs twice under the Biden regime.
Once in November 2021, and then again at the end of his presidency.
So even if we have a – it doesn't – bro, this trend is not stopping.
Wait, but I don't get it.
So you guys think that we're really just going to extend into the golden bull?
Like we're going from the bull to a golden bull?
And we're not going to see a bear for the next four years?
Tell me the negative catalyst. You tell me
the negative catalyst. It's on you. It's the burden of proof
on you. You tell me what's coming that's going to
set this thing lower.
Okay, yeah, bro. You can look at me and say a black
swan event. You can always say that
in any market condition across all of
time, right?
That's not something that's like a normal
market occurrence
so yeah a black swan event like covid something you can never see coming or war something you
don't necessarily see coming although we kind of see what's happening with taiwan and this iran
thing but like bro outside of like a black swan event are there any negative catalysts coming
the middle class being completely abolished because of what's going on currently this ain't
even a middle class game bro the middle class wasn't going to send our charts higher anyway so besides the middle class being poor and they can't
pump bitcoin to 79k are there any other catalysts that you can think of negative cattle i know that
those are the only rule of three that i can really think of you're right so i don't know
well i'm not i'm not yeah and i'm not counting on the middle class to take Bitcoin to $180K.
They don't have billions of dollars, number one.
And number two, yes, a black swan event could take us out for a short period of time.
But, you know, they're just going to turn the money printers on.
We'll be right back to business as usual.
And we go to war, just like you saw with Russia and Ukraine, just like you saw Israel and Iran exchanging missiles last May.
War still has not slowed down this market.
You know, now America stepping into war, that is a little different. But, again, I just don't see that coming. And even if it is coming,
bro, it's a black swan event that no one can predict for. So outside of these nuclear black,
you know, black swan events that nobody can see coming, are there any negative catalysts that you
can see coming that were missing? Obviously, I missed the terrorists. I didn't understand
how massive and disruptive the terrorists would be. So I can look at you and go, my bad. I totally
missed that when I was, you know, running around with my pants off in november you know being crazy but
like do y'all see anything else that we're missing in terms of negative catalysts i'm hunting for
i'm just trying to think why people would buy bitcoin at these ranges right now with the way
the market's with the way the market's going i just that's that's why i'm trying to that's why like land are you buying bitcoin is anyone up here any bitcoin
max is currently buying bitcoin so so um look there's there's i have uh a spot buy that got
hit at uh 75 000 right but it's just an initial initial buy of a very large spread of bids that get larger,
the lower the Bitcoin could go, right? And I have worst case scenarios where I'm a max bidder,
and that's underneath the production cost floor for electrical cost, which is not as low as what
you're thinking it is. But could it get down to some of those levels?
Only if energy prices continue to drop
and we have majority mining here in the United States
with those energy prices and new power plant agreements.
Look, the biggest thing that you have to look at is time to low.
And that's how you gauge the strength of a bear market.
Time to low in 2018 was 90 days. And then we were in an uptrend
from there on out. And then you had in 2022, time to low was 324 days. And that is for traditional
markets because I do look to traditional markets first.
Time to low is 324 days, so a little less than a year to get to those lows.
So it's about the strength of that bear market.
And the conditions that Henok just laid out for you for the positive catalysts, especially for crypto, are very, very enticing.
The counterbalance to that is the negative potential catalysts in
traditional markets. That is why everyone's scared. That's why everyone's saying that this
is going to be the long-form bear versus a very short-term bearish period where we find a low
fairly quickly within a quarter, and then it's up, up, and away away marching back to the all-time high and higher that is
where this debate is but people who are calling it right now don't fucking know they are projecting
what they either want to see or what their metrics are telling them because it has not been confirmed
and we won't see it confirmed until we see the next big upside move the bull run at 20k the bull run at 20k wasn't confirmed for me but i
called the bull run you know i'm saying so i don't know okay i mean i'm not putting you as a
i love you dog but i'm not putting you as a technician in this market not yet but here's
what i'd say bro here's what i'd say the answer to your question around who's buying bitcoin at
these bro if i had if i have a number in my head that i know i'm gonna hit this cycle if i was right
there right now bro i'm literally debating am i gonna go 80 bitcoin or 100 i'm probably gonna
go 80 even though i hate myself for doing it because i really want to be 100 deployed but
i gotta listen to wiser heads but bro i would i'm gonna be buying bitcoin at a million i'll be
buying it at 3 million i'll be buying it at 500k, 250k. Why Andrew? To answer your question, because Bitcoin will be worth $150 million
per coin. It'll be worth $250 million per coin when your child is retiring. That's the reason
why, bro. Why buy Bitcoin when you can mine it in the trenches at a quarter of the price?
Why would I? bro i i don't
know anything about mining i'm not being for about mining i'm not creating my mining i mean like
like building like trading a bag like i think it's trading season like i don't know i i don't care
i don't care how y'all do it i just know that for me bro bitcoin is it i see a massive price
point on this thing for decades it's become pristine i said it's engineered capital it's
like we've never had anything
like this, bro. It is the first innovation to money that we've seen in centuries, at a fundamental
first principles level. So for those reasons, I will be buying this thing at a million. I'll be
buying it at 5 million. I'll be buying it at 15 million. I'll be shoveling every penny that I
possibly can on the other side of this bull run because it's going so much higher
and these levels bro is a miracle i cannot believe that i am this years old alive at this time in
crypto as deeply entrenched as i am bro they will be looking back at us and going you guys were the
freaking pioneers in crypto and y'all had an opportunity to get in that we never could have
i feel like the short-term risk to reward on bitcoin isn't aligning with my trading strategy right now.
Am I going to go buy a whole Bitcoin, an 80K for a 2X on the short-term instead of taking 10K
and getting into certain trend coins that are coming out?
Because obviously the trenches are not going nowhere and mining my Bitcoin through the trenches,
through small trades,
because I feel like we're in a trading cycle.
I just think...
I'm with you, bro.
I don't know.
That's just my opinion,
but I believe in Bitcoin, bro.
I wrote about Bitcoin like crazy.
I believe in Bitcoin.
Yeah, I believe you, bro.
I'm saying in the short run,
I'm with you, bro.
I'm using my skill set
and trading my time for money
through investing
and through my crypto media business, right?
But at the end of the day, when you and I are talking 40, 50 years,
because we're not going to be trenching five years from now.
I hope to God I'm not trenching five years, unless it's for fun.
But at the end of the day, bro, the goal is to take a bunch of capital
and park it in the one asset that will do a 1,500x over your lifetime
and another 120x in your kid's lifetime.
And you hand down Manhattan real estate cyber Manhattan real
estate you hand that thing down in an irrevocable trust to your kids so that when they retire at a
billion dollars per coin and you're sitting on a thousand of those bad boys bro that that's the
goal bro I mean I don't disagree with either one of your takes it depends on where you're at in
terms of building wealth it really does um I understand but that's that's kind of like when we're talking about bullish and bearish
structure or is is bitcoin in a bull market it absolutely is still our traditional market like
when we're when we're when you sit back and you take a look the reason why everybody's confused
about what's happening including the biggest players on the planet are sitting back and waiting and this kind of started with i i wanted to
to kind of quantify um david's thought process on on the pause because i i kind of agree if we were
to look at 18 um that 90 days to find the low i I would consider that a pause, even though it was a technical bear market for traditional markets. Now, crypto, it was in an environment where it was not a preferred
asset. It was not growing like it was even coming into 19 and 2020. We didn't have bigger players
putting it in their treasuries. Obviously know, obviously the biggest one at the time
that everyone got really excited about was Elon Musk, right?
So, you know, it's a very different environment
and it's a very positive environment for crypto in general.
And right now you're going to see a lot of fear.
But this narrative will pass.
We got, by next week week everybody's going to become
A tax attorney
Everybody on stage is going to be a tax attorney
So just be prepared
Alright we're all tariff experts
And macro economic experts today
We're going to be tax attorneys next week
Trump is going to eliminate capital gains
When I heard that miracle
Bro oh my god
When's the best time to pull out
That card though you know that's what
We got really thinking about like it's not
I don't think it's beneficial to pull out right now
What do you mean
Would you say that that's the Trump card
Literally like really that's the Trump card
Look at you look at Russell over here
Making jokes
Russell man he hit that you hit that so hard your inflection on your voice you hit that so
does the cox team media have their uh uh account have the hand up are they actually going to unmute
and say something or are they just saying i like bitcoin i like crypto or something what is this
let's let's see what happens uh good conversation by the way, the pause for me is I'm thinking about Bitcoin
and how I believe Bitcoin will do the same thing as gold did
when their ETFs were approved.
So the whole pause thing in my head is just like,
it's not only the tariffs.
I can turn this into a three-hour show to try to explain
why I use the word pause rather than... I can
say bearish. I guess I
can say bearish.
But I just feel like there's a pause
right now in the market before we
continue
to new all-time highs.
That's what you want to call a bearish bearish.
We get what you say, bro.
My analogy is a little bit, I get it.
Maybe I should speak like Landy right now.
That's the beautiful part about you can agree to disagree with me, and I'm fine with that.
I'm just looking at shit right now.
I got three monitors in the motherfucking room, and I look at this shit, and I'm like,
I just see something just a little bit different.
That's all. Just a little bit different different i'm not saying anybody's wrong here i'm just saying maybe i'm fucking wrong maybe i'm gonna maybe i'm gonna go right off a fucking cliff you know with
with my analogy you know but it's just like you know how gold you know how gold so here i guess
this is the best way to put it land Landy, you know how gold stopped?
It was in a bull market.
Yeah, it was in a bull setting, but it would pause.
It had these pauses within it, and then it kept on going. It's like, hey, I stopped off here to fucking refuel.
Now I'm going to continue to go.
Obviously, there are going to be people that fucking scale out. They're going to take profits.
They're going to do all this shit.
I just don't feel like we're in a
bear market.
Though, you did make points like,
hey, fucking memes are fucking 95%
down, bro.
What do you fucking call that?
These things are understandable
as a... I think I'm more so
I'm taking the entire ecosystem as a i i think i'm more so today i'm taking the
entire ecosystem as a whole when i'm speaking and not particularly going into sections of
our ecosystem and looking at the memes and the olds and and ethereum i'm just as a whole i think
that we're just at a pause and we're going to just continue going i don't know if bitcoin dominance comes down it
should i hope it does but you know i don't i don't know i don't i don't yeah i don't know why it would
there's no reason why there's nobody they're gonna be buying this thing up until 250k bro it's gonna
be gorgeous i get it but like at some point bitcoin does have to come down in order for everything to run.
It's just like, what point is that?
Does it even happen?
It's just like, again, I'm sitting back and just like, my mind is different this cycle.
Yeah, you know what?
Maybe I'm fucked this cycle when in terms of looking at things and I look at things a little bit differently.
By the way, we will end the show at 12.15
just because I do have to start a show at 1 p.m.
I have Leslie in here
and I feel like she's fucking staring through me.
Like she has those,
it's one of those staring through me
type of ordeals that are happening here.
By the way, I will have Jesus on today.
So we'll be going ahead and
talking about you know politics and uh you know obviously everything happened in crypto and and
like that so uh 1 p.m is the standard time that takes place and then 2 p.m you know how that
goes but go ahead we don't we don't i don't think we need bitcoin i think this is the one cycle or
we don't need bitcoin Bitcoin dominance to go down
Before all its run. I think just like we saw with memes running parallel to Bitcoin rising I think we're also gonna see alts running parallel to Bitcoin rising
I think rate cuts are gonna help significantly QE is gonna help significantly with that
And I think it's all gonna run at the same time
I think memes I think memes are gonna run with big uh with bitcoin because
memes will get retail in here after trump's done with all this that's happening
if people want to participate in crypto they're not going through the old coins first they're
going through memes and then after memes they'll make their you know they'll make the choice whether
or not they'll go into fucking XRP or they'll choose
Ethereum or they'll choose to get themselves into Bitcoin. I've seen this through two cycles already
in terms of like with Dogecoin. So, you know, people come in through Dogecoin and they ultimately
find themselves in Bitcoin. So I believe it's the memes that will run first once, you know,
i i believe it's the memes that will run first once you know the markets come back here and then
we can talk about your lovely old coins like algorand and fucking chain link polka doc kusama
i have a fucking name it all for you man ah they like well we could talk about that there will be
you know that period where people get in i I said this to a friend the other day that the meme coins are like getting a job.
You go to the trenches, you slog it out, you work your nine to five or your nine to nine
or your yeah, whatever it is.
And then you you you save up to buy your house.
That's your Bitcoin.
Maybe you pick up a few investments, a few corporations along the way, pick up a few stocks.
That's your alts.
And that's kind of what we saw.
It was Bitcoin and memes, right?
People are slogging it out in the trenches, making money, rotating it into Bitcoin, picking up a few alts here and there.
And I think that we might see that. I actually agree that Bitcoin dominance likely stays higher
and has more consolidation periods and doesn't go quite as low as it used to go. I could be
completely wrong, but that's just kind of because of the,
the bigger players that are involved, especially if you include nation states. So, and, and states
here in the United States. So that's kind of my take on it as well. We'll see. I mean,
no one really knows, but we all have fun ideas. And by the way, I actually lean more towards what
you were saying and, and kind of quantifying where you are with what you're saying with a pause.
I actually tend to lean more towards that in this kind of environment until proven otherwise.
Good morning.
Who's up?
Good morning, Jules.
Oh, what's up, dude?
You little bitches. you fucking little bitches
oh we're in the golden bull run i'm i'm about to you know what i'm breaking the glass i'm
bringing the cane back out fucking shitballs man oh we're in a golden bull run jules
price goes down 30 after pumping for two years
what is going on right now what are we so i i take it that we switched from
tariffs to are we in a bull run still those are the two topics
Those are the two topics.
Bro, I'm a retarded bull.
That's what I am right now.
Surrounded by gigabrain bears.
What the fuck is going on right now?
Not a bear.
I'm forever a bull.
I'm bullish on lower prices right now
i'm actually not like i only if it actually bitcoin's holding up pretty well right here so i thought we were rallying i really thought we were rallying why the fuck is it sold at 107
bro what the fuck i told you two hours ago this China deal that you know noon deadline
I don't get it, but I don't understand my rally. There's no reason to y'all fucking up my mean coin pump right now, bro
Yo, get yo get your boomer bags cuz y'all fucking up my mean coin pump
book
And Enoch what makes you think that we cannot go lower that bitcoin cannot go lower according to
you what makes me think that bitcoin cannot go to work is that what you said sir cannot cannot
go lower you said impossible for it to go lower or we have seen all everything so i don't think i
i don't think i said that we can't go lower i just just said that we are gonna go higher
We can't go lower gonna buy it up, bro. That's why we ain't going lower you feel me
Yeah, I'm not good
line right now
Yeah
The new black rock
Go to my I I am black.
And I got a... No, listen.
Go to my timeline.
Go to the search button.
Top right hand corner.
And type in the word lower.
Just go to my profile.
I thought that you were Asian.
Oh, no, no.
I'm chocolate, bro.
I'm as black as a...
You know.
I'm actually...
I'm not as black as a gay.
That's Hotel Jesus.
I'm just chocolate.
So here...
If I understand correctly, it's... We're not in a bull correctly We're not in a bull
We're not in a bear
It's like a Sega Genesis
We're on pause
We're in a bull run
Let me raise my hand
Look
I don't know
I don't want to use the word bear
I don't want to use the word bear
And I know a lot of people clip this up
no but you know what a lot of people will clip this up no but i'm gonna you know i don't give a
f because i know people will clip this up but they won't you know they won't clip up the whole story
they'll clip up a part of it so like it's like for me it's like yeah landy made some points is the fucking meme economy and in the in a bear market
yeah well being down 90 to 95 i think it qualifies for that so like but like as an entire
ecosystem are we in a in a bear market i don't believe so i believe that we are still in a in
a very bullish market but we're on pause right now because like i don't know to me like this is
very new territory for all of us anybody who says it's not it is nuts because like i mean
were you around when all these terrorists were getting hit on every country and every
other country where is now coming and bending the knee to go ahead and kiss the ring
like again like these are unprecedented unprecedented territories here for
me personally jiggle the power blow in the cart jiggle the power card blow in the cart please
bro i love the paul saying like i need that on a shirt bro like gee shit that shit no because like
this is the pause market man no but no no for real like if you think about like
is bitcoin is Bitcoin ever?
A lot of people think Bitcoin's going to retrace
from $2.50 to $3, bro.
To me, it's like, no, I actually think the opposite.
I think Bitcoin's going to continue
to keep going up and up and up.
But the way it goes up will be different.
It'll be different than what we're accustomed to seeing.
So I don't know.
I'm just like, I don't know.
My mind's wandering.
And I can be absolutely fucking wrong on everything that I'm fucking stating right now.
But this is what I'm thinking.
And I agree.
No one can say with absolute certainty something because we're at that point.
Well, unfortunately, we're at that point.
And I've noticed it on the Money Maxi stage.
I've noticed it on this stage.
People will say, even me, I'm like, fuck, are we talking about this again today?
In my opinion, instead of a pause, we're shifting gears.
And unfortunately, you have to let some things play out on charts if you're gonna do technical
analysis and that unfortunately just takes time but there is a difference between saying i know
with absolute certainty and then having conviction and what i want to know is who took your guys nuts
away like who who took the conviction away was it libra was it was a melania like oh my god
yo i yo i am such a bull tart like i'm probably the biggest bull tart in this world
i i am the biggest uh yo all right if anybody anybody who knows me knows that i am a bull
yo fucking bitcoin will go to three dollars i I'd be like, this is bullish, bro. What are you talking about?
This shit bullish as hell.
I will make a case at $2.15.
Like $2.15 Bitcoin.
I'd be like, yo, this is so bullish for everybody, bro.
You don't even understand.
I don't know, Jules.
I am extremely bullish on these kind of situations.
I'm trying to look for the silver lining here.
I miss that, David.
I'm not angry.
I'm just disappointed.
There's a hedge.
What are you talking about?
Yo, I'm not Andrew.
Yo, I'm not Andrew who comes into these rooms and he's like,
yesterday he comes into the radio show.
He's like, yo, this is a bear market.
We're done.
We're cooked.
Okay, we're all cooked. He comes in today. He's talking about market. We're done. We're cooked. Okay, we're all cooked that uh, he comes in today
He's talking about we're back boys
He was talking about a good
Bro's talking about a great depression yesterday. Okay, he's talking about we'll be back in like
2028
Today he comes back yo the trench is about to save the fucking trenches about to save the ecosystem
You know, I call those stickers
Yeah, you know, I'm saying I'm saying
You know you gotta be
We're gonna be up
The trenches that are more y'all didn't do y'all
Port you feel me like like listen, what's more money? What's more money? This is more money, man
This is more money. So you think that tariffs cannot lead the USA to a recession you think there is any chance?
No way
Why would a tariff lead the United States?
Recession you guys have been stealing from us for fucking decades. Okay, we need revenue
we need revenue the the the the you talking about because because if basically the companies in usa
do not play the game that trumps want them to to to play which means basically producing in usa etc
what's going to happen then if they will not be the the small people the the basically the poor
people the citizens are going to pay the price Because they are not going to decrease the price of their product. Are you French?
Yeah
Yeah, listen listen the French has been taking advantage of the United States of America for a very long time
Okay, and and that little president of yours, he's gonna wave that white flag again like they did in World War two
Okay, we're gonna
Surrender
You're gonna take on these tariffs
As long as I make my money man the problem, but the problem is like exactly you are going to be affected internally
We are not we're not gonna be affected. We're definitely not
Listen listen listen, We have tax cuts coming
Everybody forgets the tax cuts
We are going to have so much money
We're not going to know what to do with it
I'm speaking like Trump
We're going to have so much money
We are not going to know what to do with it
You motherfuckers
All you motherfuckers is your foreign aid
That we give out to you
All you motherfuckers
We pay for your fucking croissants
You understand? No, it's true. We pay for this shit. We can all make money currently, but it's more into like the short
The short shorting economy, you know, if you are not shouting right now, you make no money. But yes
Hey, hey, listen, I know you're probably a spy for your fucking government. Okay?
I already hear the language that you're fucking using.
Listen, the French ain't getting out of this.
Okay, what's his name? Macaron?
He's fucking macaroni. He's gonna bend the goddamn knee.
Okay, he's bending the knee.
You wanna make money?
Oh, he's... Come on. Mother motherfuckers can't survive without us you guys
I didn't call I didn't vote for him. I didn't
Smell it I smell it. I smell it. No, absolutely not man. I thought I voted for mine
Anybody who eats pigeons, I don't even trust them. I don't trust anybody who eats pigeons.
Okay, I could say the same for the hamburger eater, man. Oh, you're a disrespectful prick.
Yo, you got pigeons on the menu. You guys take pigeons from the street and you cook them up.
Come up
Go ahead look up anything in Paris, bro. Go ahead and look
Pigeon on the menu never see you gotta be kidding me. We don't fucking need
I saw huge agenda
Spread pushed all around the world by your country. That's what I have seen
Baby who were forced to change your sex
To do is crypto see like you check that out
We don't a we don't acknowledge that woke virus shit, okay?
Us real Americans, we don't fuck
with that bullshit, okay? So you should
acknowledge that you should not be eating dirty
pigeons off the streets and
cooking them up for tourists.
It has nothing to do, man.
What do you mean? It does. It's the same thing.
It's not, man. We do what we have to do.
We don't suck the dick off USA.
What is going on on I am here
Tariffs can lead to a recession. I mean, oh my god. Here we go. Here we go. This bullshit
Here goes the bullshit. Oh gosh
Fire me please fire me
Because of higher cost for businesses and consumers, this is what we discussed last night
Exactly
Inflation is down
Oh my god, retaliation from other countries
Inflation is down
Can we agree on a definition for a recession?
Investor uncertainty
Slower global growth
Inflation is down
I mean, a lot of y'all are down, right? It doesn't matter Inflation is down. I mean, a lot of y'all are down, right?
It doesn't matter. Inflation is down.
I'm really disappointed.
I can chat GBT's at, too. You know what I mean?
Like, these are numbers.
Inflation's down. Leslie,
I'm disappointed. Landy,
I'm trolling.
Oh, did I get you, too?
She's just reading off chat GBT.
This is one of those times where, like... Who's that that on a fucking who's that on a fucking intercom?
Who the fuck let up somebody on the intercom? Oh
Me no, not you somebody's on the fucking intercom
Jules are you disappointed at me? I don't like to have certain men disappointed at me David
Leslie I'm just a boy anyway Have certain men disappointed at me David
I'm just a fan anyway No, Frank you were dapper
Also going to increase their tariff for USA in the rest of the world
Y'all ain't gonna do nothing. No, y'all y'all are gonna bow your knee and kiss. Ah, we are going to
We are going to do that money. It's not me. It's me. I'm just telling you bro
This bro, we are gonna put so many tariffs. I'm not taking you know
I am signing an executive order to put another tower on fucking friends
To fuck up yourself
doing
What the fuck you are going to buy your perfume two times smokes
You perfume two times You say
Okay, you guys you guys need to shave your armpits i mean like you're waving
the white flag in world war ii you're gonna wave it again you're gonna wave it again when you're
gonna come to you are coming to the white house and you are gonna bend the knee you'll bend the
knee this is game of thrones we end up in that goddamn throne not you the craziest shit is
every country is like every country is like they don't want so go Jules
It's so insane. Y'all don't want smoke with us
We buy your shit man. Who's gonna buy that fucking
Coco Chanel
bitches
Now what the f but now I'm moving to buying more yeah, you know what here's a let me finish because the oil
You talking about recession
You're talking about recession
Finish up in the my room with no recession
Fire me. Oh, you know fuck. Oh this
And I just went and bought some coffee at Dunkin Donuts with points
Yeah, okay.
Can we keep Dunkin?
What about Yorktown, man?
In 1781?
Can we talk about that, man?
Yeah, hold on, hold on.
6,000 French soldiers.
Jules, why are we even talking about history?
What about that?
The only history you guys have
Surrendering White flags
Yo, you wouldn't have helped you you would still sing God save the king, okay
Wouldn't have helped you you would still sing God save the king, okay
Independence day that's each 4th of July
We should be taking Russia without Russia we would have fucking got killed off bro
Have
You don't want this
In English right now, we're not speaking French
That's all I
Have limited speakers in front of me
I need to add a hamburger
I mean
speakers
I'm calling you know what we're doing
Hey, you know what forget about the tariff to get about tariffs on France
We're making you the 54th state, okay
No, we don't want friends bro
Don't talk about
Democrats
Yo, you need to forget about your history
They are not made for that. You know what I mean?
Young men shave their legs. Who did that?
So David. David.
Yeah.
Real men don't shave their legs unless they're like lifeblocks or the sweaters.
Bitcoin to 50k? What about that?
Bro, like, listen, listen.
Another tariff is going to be hit on France.
Bitcoin to 50k, guys. Another tariff is going to be hit on France. What do you think about that? Bitcoin and pigeons can shit my mouth when I go to the beach.
Quite possible.
Weekly time frame RSI.
We are not below 30.
It's not oversold.
Where do you get that pigeon over noodles? Quite possible, guys.
Where do you get the pigeon over noodles?
Listen.
Where do you get all this courage from, man?
You can sit on top over there.
Yo, I can't believe that you here are from from France and you will not acknowledge that you guys eat pigeons like you do
Bro, is your macros?
Is your macros?
Why not you guys and you guys call it a delicatessen?
Like it's crazy
You do I could show you the menus.
Look, all I'm going to say is America...
I mean, I'm French because I love them.
All I'm going to say is
America made the hamburger better.
So, there's that.
The French just need to sit back.
Just chill a little bit.
Isn't the hamburger German?
Bro, the French created the hamburger?
That's not true, bro.
No, it's German. Whatever bro. That's no it's
Nobody knows what they create is fucking perfume
It's perfect
You want a croissant with some butter the cocoa Chanel bro They created fashion too, David. I mean, the stuff that you- Okay, hold on, hold on, hold on.
They get creeps probably test the people.
Hold on.
Oh, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait.
Pause on that.
If we're talking about crypto, they get-
Listen, listen, listen, listen.
All the fashion shows are not in France.
They're in fucking Madrid, okay?
Relax.
I don't know, damn.
Pause on that real quick, okay?
Ain't nobody wearing a fucking shirt.
They be spraying little kitty cats with fucking Chanel No. 5 right in their fucking face and shit.
In the Midwest, guys, the fashion show is...
We're going so down.
We are down so bad.
David, also, what's up with this pause shit?
I've never heard that before.
We're in a pause market?
Okay, so
the last year...
What nationality was that music?
Pause.
I'm trying to come up
with a word other than bear.
Ish.
All the things linked to a bear.
It's called a bull.
No, but like, you know, like we were hitting on some points today.
Landy hit on some points.
And like, I agree with these things, right?
Unlike the French who like wave the fucking white flags and eat croissants and and grow a little fucking
There's let me ask a question. Let me ask a question
Listen when we depend on us, you know, I don't know why you keep talking you depend on us
I can feel your pain
You seem to be angry
frustrated
In the world like you understand we're the richest country in the world, right?
You understand we're the richest country in the world
He said we were broke
No, we're not the richest, David
He's not angry
He's just a New Yorker
When we take over Canada and Mexico
I'm going to order to take over France as well. Okay?
When we take over your asses, okay?
If you can if you can take the the president gay Macron, that would be that would be nice man. No, no, no
No, see, you notice the trend with French countries Canada France you notice the trend with French countries, Canada, France? You notice the trend?
Can I talk about my transition?
They'll go for Democrats.
Which trend?
Think about their recent prime ministers.
I don't give a fuck about France.
I want to ask Landy or you about it.
Prime minister.
When were we technically in a bull market
Oh here we go
No no no
Jules we're not in a bear market
We're in a flaccid market
We're going to use humor instead of bear
It's going to be flaccid
What can we do to get the market up
A bunch of y'all need to take
Blue Chew or Viagra
Hey put something up here in French Who reads French a bunch of y'all need to take blue chew or viagra
Why do you absolutely want to label the market bull market or bear market? I'm the only thing that you should focus on is a market that went from 15 K to 109k what did you expect it's 1 million 1 billion of course the market needs to be
like a motherfucker from the mate so it's as simple as that jules you question yourself the
wrong question the matrix part two no no i'm asking let me finish with your thesis you you
just said it that's where i was going landy when did we have confirmation structurally in the market that we were in a bull market?
October of 2023.
And what was the price of Bitcoin when we had confirmation structurally that we were in a bull market?
$34,656.40 on the close.
My man.
And when were we technically, in retrospect, in hindsight, when did the bull market start?
Well, I mean, you can go lower term timeframes and you can declare that bull market started maybe on the higher low that tapped on, that retested the lows.
We changed structure back in February of 23.
And that's really when rubber hit the road.
And you would call that what, a transition period?
Yeah, you were getting early indications on the weeklies that if the weeklies were holding when we went sideways in 2023, we pumped off the lows and we went sideways, you know, right around, you know, $20,000, give or take, if you're going to take a mean average.
And if it was going to hold around that area, that we were likely looking at this transitioning on longer term timeframes, if it could continue up to the upside.
we actually here here is my here is my point yeah we don't have confirmation
Here is my point.
Yeah.
from a technical perspective that we're in a bear market we don't we haven't no right no no it's an
uptrend on the monthly it's a correction on the weekly could it turn into something else we won't
know until we see the next pumps and this is the confusing part for a lot of people right now
we're in i'm calling it not a
fucking pause I don't know where that fucking came from we're changing gears all right and
I'm looking at Bitcoin dominance I'm looking at the m2 money supply I'm looking at altcoins
fucking they're actually just hit a golden cross on liquidity. I'm looking at a lot of different things right now
that look more of signs towards a continued bull run
than a confirmation that we're in a bear market.
Here's my point.
The absolute certainty that I'm catching on the timeline
that we are in a bear market
when really we're in a transition period,
and Landy, you've talked about this a lot, the Q1 to Q2 transition period. And yet in that transition period,
this is all I'm disappointed with. In that transition period, people lost their fucking
nuts. That's all. I'm just like, damn, we were at a golden bull run just like three months ago.
So I just used the price of Bitcoin to say it wasn't until many months
later that we had confirmation that we were in a bull run and right now we don't have confirmation
structurally or in any way shape or form other than panic and emotions and projections of what
could happen we don't have any confirmation at all that we're in a
bear market, which is why David uses the word pause. It's like Sega Genesis. He feels like
we're in a pause. But my point that I'm trying to make is we're changing gears and the change of
gears isn't abnormal. There's so many things, the ETFs, the this, the that, the inflation, blah, blah, blah. And that's fine.
But there's so many signs pointing towards a continued bull run than there is any signs.
And it has nothing to do with the catalyst that Henock is talking about that are like social or
macro or anything like that. No offense. No offense, Henock. I'm just saying,
because a lot of people will put that stuff out there and it's not really like a solid thesis in to some degree.
There are so many. Are you kidding me? That he said. Hold on. The money printer.
But we don't know when that's going to happen, but we believe it's going to happen.
And you could use that in the background to say, OK, we've gone through a really long quantitative tightening
because of all the money that was printed in covet that we still haven't recovered from so we're
trying to get a handle on inflation and yet we've been doing that for three years so that's why i'm
looking like i don't understand why people are so confused and so that's why i'm labeling myself
not a paused bull a retarded bullarded bull. I still have conviction.
I don't know where all of your guys' and gals' conviction went, but I'm looking at shit and going, I don't see any confirmation.
I don't see really, other than price and fear in the market,
I don't see a structural breakdown.
I don't see any of that.
I see the beginnings of BTC structurally on its dominance about to top out,
especially if we rip up.
And then if Bitcoin dominance comes back down,
then we have our alt season.
Then we have all the other good things.
So, you know, I mean, there's way smarter people than me on TA and macro economy.
I love seeing all the meme coiners that are all of a sudden macro economists.
But I just want to take note that like technically
$16,000 Bitcoin was the beginning of the bull
or 18,000, 20,000.
But you didn't have confirmation until what?
25, $30,000.
There was a gear changing moment.
That's the moment that I think we're in right now
the gears are fucking grinding as we're shifting gears and all the signs are pointing towards that
more than we're in a bear market i feel like people sometimes their conviction outweighs their
thought process on like you know like we're all not gonna survive like the way our bitcoin is gonna survive like we're not gonna outlive our bitcoin i hope everyone knows that like you know like we're all not gonna survive like the way our bitcoin is gonna survive like we're
not gonna outlive our bitcoin i hope everyone knows that like you know what i'm saying so
like in my head i'm like i want to kind of live you know like celebrate my life use the
the gains i made on the cycles that i'm like guaranteed because of my lifespan then you know
i don't know i feel like that's a good thought.
No clue what you were saying, but I have a five of you.
You can't outlive your Bitcoin.
That's what I'm trying to say.
You can't outlive your Bitcoin, everybody.
So everyone's talking about they got conviction,
going to hold forever.
Like, what are you going to hold forever for?
Based on what you said, Jules, what does it does it change for example the previous bear market if you named it bear market or even pause because during war one world year we went down okay so the
overall trend was down so i don't i don't understand your uh yeah so on the opposite side
right of whether you have confirmation or not what I've just watched is how quickly people have shifted it to where into a bear market.
And I'll use a different analogy.
We have, and I know the French don't like guns.
They're pretty salty about that whole topic.
They're about to be out fucking 53rd, 54th state.
Don't worry about it.
We have a lot of bullets still left in the chamber
for a bull market
you don't know what that means bro
that's why
wrap it up one more minute
because I gotta go back
I gotta go live
stop interrupting
Jules please
nobody
ever interrupts Jules, please Lol
Ever
My god the French can come back tomorrow to get your asses whipped, okay
Get all the French in here man Really happy to see true crypto and to roast absolutely I will be more than happy to go ahead and moss you bro
I know you don't understand what I fucking just said, but I will moss you up in this motherfucker and head tap you
All right, and not that kind of heads happen
Yeah, that's right
Yeah, I know I know we're for people that don't play sports very weird. He saw my head
Frenchman. Yeah heads happen head tell you well, that's
Those words
Don't ever tell me that you don't eat fucking pigeons. Okay when it's on the goddamn menu. Okay when I was offered a pigeon
Okay, don't don't ever tell me
Okay, it just eats transgenic meats and it's all right, you know because
Room is not into the the shit that you're into okay and that you fantasize about but
You do not talk in my country. How about that?
Okay, this is a dictatorship up in this bitch
I am not triggered. I am not triggered my my B
My BPM is not fucking elevated at all. Blood pressure is still intact.
Okay?
Walking around smelling like straight up ass.
It's a dictatorship.
Freedom of speech.
And you're not getting back the Statue of Liberty either.
We want back the Statue of Liberty.
We want it back because America doesn't stand on those morals anymore.
You ain't getting shit back.
You ain't getting nothing.
You're not getting any.
You know what?
You know what?
When they start attacking you, you ain't getting none of our military support.
That's right.
I'm making the call.
I'm making the call right now.
I'm calling Pete and Trump.
CC, we, we, motherfucker.
And on that note,
you can tune in at 1 p.m.
It's the standard time.
The breakdown is going down.
Okay, it'll be live and direct.
Also, at 2 p.m.
It's the standard time.
We got two shows.
We got one on X.
It's called Money Max.
You tune in to them.
Okay, it's a good show.
They talk about crypto.
They break down crypto.
And then Mike talk about this shit
on their show.
Okay, then you got Hotep Jesus.
He's going to be on
the Kik Network doing
the Griff Report. He'll also be live
with me today at 1 p.m. Eastern Standard Time.
4 p.m. Eastern Standard Time.
You got Jules, excuse me,
Julie Kennes,
and she does Crypto News on YouTube.
Shout out to Julie.
And at 9 p.m. Eastern Standard Time, you have me doing the show tonight.
Tonight, nightly recap.
We'll recap the French and everything else that we talked about today and all the news.
Obviously, all the news.
And also to mention, there are two shows that I do like.
They're not on the network.
And, you know
i might get fined for this because leslie will probably find me for this but uh cousins got a
show i like cousins show he's cool they they took crypto all day long in there and then you got
at night you got he got noble and he's he's doing his thing he's he's uh you know the night
what else is there to do at night if you're up and you're not
fucking you know sleeping and you're fucking trying to make money out here and you're looking
for a crypto show there you go so there you go i did i want to hear anything i'm gonna get fined
for this too leslie's gonna find me i know it i know it she's told me already she's harassed me
about this um but i want to say that i do appreciate everybody i want to appreciate
everybody by the way today at 4 p.m though on x i'll be helping out co-hosting with sakasa
doing meme battles okay there's a meme battle going on um i'm gonna be watching i don't know
what i do i actually don't know what the fuck i'm doing but i'm going to be there okay i will be there because i like memes all right i like memes and i think we're in
a pause period there you go we're in a pause period with memes i love you guys i hope you
guys stay safe don't worry hey french don't frenchy don't get mad at me man it's okay man
don't worry we'll protect you don't worry we'll protect you
my grandfathers protected you they protected your family don't worry during world war ii
they protected y'all don't worry about it we got you we got you okay we got you all right on that
note uh yeah the tariffs went up yeah hanok, G Media went ahead and put it out there. The tariffs went up.
104% tariffs went into play on China.
China.
China.
That's right.
China.
It's, it's on.
It is on with China.
I'm sure they'll think of something else to fucking send over here.
They did COVID to us.
Maybe they'll send a bunch of fucking birds made in France over to the United States of America.
But on that note, love you motherfuckers.
My ass is out.
And by the way, Bobo Billions, Bobo Billions, Bobo Billions.
If you're talking about the bear market, then you go with the bear.
Bobo fucking billions.
