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Is Bitcoin about to explode⁉️Traders explain‼️
Recorded: April 23, 2025 Duration: 1:01:12Space Recording
Short Summary
In a dynamic discussion, crypto enthusiasts explored the resurgence of interest in Bitcoin and the Squid Grow project, highlighting significant price movements and strategic partnerships. The conversation also touched on market trends, the importance of community engagement, and the potential for growth in the crypto space as traditional markets face uncertainty.
Full Transcription
Thank you. I'm sorry. My squid go loco My squid go loco My squid go loco
My squid go loco
I'm just gonna make that money
Make that money, money
I'm just gonna make your money
I'm gonna make your money, money, money
Look, me and Shiptoshi at the groceries
Both eating a four course with all the homies
No showboating in here, it's just the roadies
Holding that Squid Grow coin with all the OGs
A million tokens, that's loose change
No more BNB to eat, that's 2 Chainz
Fuck the flight for California, leaving on Tuesday
Tell Shib I need that Squid Grow for my toothpaste
Mike Miller drawing with the dead stroke
Got a Squid Grow, Squid walking while my leg broke
Every single fighter get their head blown
Just know I'm repping for New Zealand on on the mother fucking west coast the lamborghini not
the limousine one all black other color like vanilla cream ship got official squid dip with
the nicotine mix it in with sash got them heads going guillotine
I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not a money, I'm not Now he's liquidated Hating on the fucking who made it This is chess, not checkers
Only big steppers invested
We got unlimited weapons
And the effort of every single community member
We do this together
Squid stay ready for the war
No matter the weather
Both falls, fall calls when we eat out
Small talk, fall short when you speak loud
Only people listening are jeeps
Or are we proud?
Following each other in a meme that just bleeds out
and this is just the beginning anybody that faded squid is not debating and contemplating should i
just trade a daily or maybe just wait another day to make a decision and take a chance on the squid
and if it was up to me i put everything that i had and this is an actual fact we matter if you
better and i'm ranking a million i'm taking some profit at a billion for my kids this is what's profit
Also, I saw you guys had an artist drop a music video for you today which is pretty cool.
I listened to that by Sesh.
I'll pin that up in the Devotron for you.
So all the listeners here today go give a shout out to Sesh.
I'm going to put in that type of dedication to helping push the name out there and give us the vibes behind it.
It's pretty cool.
Shout out to Sesh, man.
He's done a couple fire videos for us and he, you know, he drops them randomly whenever, you know, he gets the inspiration to do so.
And I got to tell you, they're damn catchy.
I always listen to them a couple times over and over, man.
He's really sharp with his words.
Very, very humbled that somebody would take their time and drop a music video on track.
No, it's definitely awesome. And it's just marketing that you can't really pay for.
Shout out to Sesh.
That was a Sesh original.
I love his songs.
You guys go check it out.
I will pin his song and also his Twitter account up here for you guys to follow and support him.
But thank you.
Welcome back, everyone.
I'm excited to get this going today.
Let's make sure we have all our speakers up here.
But yeah, back in with another Salon Shop posted spaces. Markets are heating up again. We have
FOMO coming back. I mean, if you look at the ETFs, we had ETFs were bought a million dollars in which
I think even 38 million of them were ETFs. So if you look at stocks yesterday, we had 1.5 trillion
trillion dollars added back to the market. It feels
like there's been a change in sentiment for sure. So today we're going to go over Bitcoin's momentum,
macro shifts, and everything that's possibly affecting your bags. But before we jump into
all that, I want to introduce our guests. Funk's actually joining the panel today. He's going to
be helping us host future spaces,
so I'm super excited to have him today with us to join the conversation. Funk, if you want to just
do a quick intro for the audience so they can get to know you better, and then we can get going.
Yeah, absolutely. Thanks for having me on. I'm excited to be here. I'm excited to be
working with and for SilentSwap for the near immediate future. It's an amazing product with an amazing team
and an amazing owner there with Shib Toshi.
So I couldn't be more excited to be a part of it
and help host these spaces throughout the week.
So I'm going to be joining in, helping build momentum,
helping bring on new friends, new key opinion leaders.
I don't know what you want to call them, influencers, whatever,
as well as helping build the audience for these things
and make them a more complete and robust show
is kind of my hope over the near future.
So really excited for that.
Funny, whoever made that, it looks like Sesh made that sound clip there, but you clipped
our CMO.
I'm from CoinMerge Technologies originally.
We're still a functioning company, but yeah, A1 Strive over there is our CMO and he's kind
of featured in that little intro song, so that was pretty was pretty fun but yeah that's about it for me uh i'm excited to hear how
these uh the flow of these particular spaces go and see how i can add to it over the coming weeks
so looking forward to talking to you all i've been a squid girl holder by the way as well for many
many months actually over a year now so uh couldn't be more excited about that cryptocurrency as well
we've had a
great relationship with coin merge since the very very early days i'm happy to welcome you to the
team buddy yeah thanks man i couldn't be more excited i'm actually going to go to east toronto
with with y'all as well so i'll be seeing yeah yes you are yes you are last minute as always but
yes we're getting all the arrangements taken care of Happy that you're going to be out there with us.
Yeah, I'm excited, Funk. We're going to have great
spaces coming up.
But we actually, Shawdog, I know
we have you up on the panel. Do you know if our guest
is on their way or
we have the London Crypto Club coming today, right?
Yes, yes. They're supposed
to be attending, so I am waiting
on them to reply back worries we'll go
ahead and kind of get the conversation going then just get into market analysis and then if they do
come on they can just jump on but we have nft kid with us we have kings we have coin merge we have
star show everybody so we have a good panel and cal excuse me cal so i mean we could just start with honestly market talk everybody uh please share the space out like
comment if you have any questions or thoughts or topics you want us to talk about i'll be reading
the comments as you know our beautiful speakers at their opinions so i'll be checking them out
please make sure to leave and share the space so we get more people in here um but yeah i feel like
there's definitely been some shift in
sentiment, which is, I don't know if it's stemming from like the macro we see, the narrative shift in
macro. Trump seems to be overall, President Trump seems to be like easing up on everything. He did
a U-turn on the China tariffs and other things. And it just feels like the White House considers,
I actually saw that like breaking news a couple of hours ago when I was checking what's going on.
That was like White House considers slashing China tariffs to de-escalate trade wars.
So that could be why, you know, the market's easing up a bit and we are seeing the Bitcoin rally.
But I want to do a gut check with you guys first.
Where do you think we are in the cycle?
Is the bull market back?
Is it time to look at our portfolios again?
And I'll go to Cal first and then coin marriage and an nft kid so a few weeks back you know we were talking about the same topic and i
said that the trenches were kind of heating up people were talking again and we're still yet to
see like a major catalyst or a major token but there's some movement on Solana. There's some volume. The bridges are kind of pushing volume towards Solana again. You could also see a lot of volume going
towards BSC. So I think we're not quite there yet, but there is things in motion, right? People are
talking again, and we're going to have to see. The other thing to notice is that VC money. I would say
low risk. It's not as high risk as it is in the middle of the bull where everyone's throwing money
around, but there's low risk money that's being thrown around. There's small projects that are
being funded at the moment. I think what they're being judged on is a little different than in the
bull, right? Bulls, projects are being judged being judged on, you know, sentiment at the end of the day.
And nowadays, you know, they're being judged on much more.
Due diligence is much higher, right?
They're checking fundamentals, right?
So that's essentially what I'm seeing and hearing throughout the grapevine.
No, I do agree with you.
And I think actually that's like a good point of, you know, you mentioned a couple of things that you look for, you know, in terms of signals or metrics that kind of gives you the feeling of where the market's at.
But I'll go to Funk after that.
Funk, where do you think the cycle's at?
Well, I think what's interesting about this cycle is the Bitcoin dominance.
And it's kind of been unfortunate for us here in DeFi.
You know, I know my bags are stacked with altcoins, you know, shitcoins, if you want to call some of them that.
And when my pairs, which would be ETH and Salada, in some cases, some smaller kind of pairs, lesser known chains and stuff like that,
those aren't moving quite the same way that they did in the 2021 bull market.
And with that Bitcoin dominance, and we're seeing it again here, Bitcoin's at 93,000.
And what's Ethereum at?
It's at 1,700, 1,800, just kind of puttering along on Bitcoin's coattails.
So I don't think we've seen a major DeFi kind of boom like we did in 2021 throughout
this entire whatever you would call a bull market.
And I think the reason being is because retailers are squeezed. People are still struggling.
Hey, the stock market's down, too. So now people can't liquidate their stocks for crypto.
And because of all those different concerns, the average person is not running to the bank
to onboard money into DeFi. And until we see a lot of onboarding into DeFi, we're not going to see some of the booms that we saw with the alts where, you know, ETH would go up 2x and then your
favorite alt would go up 10x. Those are rare, although, of course, SquidGrow did do that this
last kind of mini bull cycle. But the other thing I did want to mention is that typically speaking,
all-time highs are about, I think it's like 18 months after the halving.
And I think that's kind of slated for September, October.
That's how it's worked every cycle so far.
18 months after the halving is when things hit their all-time high.
And that would put us, like I said, this fall.
And if you look at it with where the downward turn, where that kind of major crypto dump
happened around the time of
you know the tariffs and all that 18 months you know now we're seeing the trajectory go back up
and I'm hoping that we go to all-time highs in the next couple months well yeah I'm hoping for
that too and honestly it just takes one day of green candle in a bearish condition to make you
feel like you missed the entire bull market right I saw somebody tweet that and i was like that's so true but ship i see you
unmuting did you want to add something oh i think he was rugged actually he left the panel so um
but yeah honestly like i think the big question is right now right is this like a short squeeze
we're seeing or is it an actual momentum are we going to see bitcoin rally more than this
go to you know unexpected highs that we've never seen before.
But you had a lot of great points, Funk.
And Kings, I'll go to you to see where you think we're at.
Yeah, thank you, obviously. Appreciate it.
Hope everybody's having a great Wednesday.
Shout out to the whole Squid Grow team and family that's here.
But no, I think we've kind of have seen this this movement right throughout
these last few months where sideways sentiment's been a low and then we'll get like one day of
of good movement right uh and like i've been saying to people uh on these days like i haven't
been a buyer you know i don't buy i don't typically buy green candles or green days. You know, I look for those when there's blood in the streets.
I've been also saying that I was I sent a DM to Shib earlier kind of talking about this same thing is I still believe we have lower lows.
Like I still believe that institutions want to get the price a little bit lower personally.
But I do agree with, you know, the time frame.
I think we will be making a move here, hopefully, in the next, like, four to eight weeks.
Really start to make a move.
Really start to get some momentum and get headed towards new all-time highs.
And, obviously, those last two psychologies of the bowl cycle, which is, like, the FOMO and then the euphoria stage is where
you usually see your all-time high. But with everything and the way it's going, I'm not
going to confidently say this is the start to where we want to go. I think it's just what we've
kind of seen throughout these past few months where we have a good day. But I think we're
going to get there. I'm still extremely bullish on 2025.
I still think this is going to be a massive, massive year.
But one of the things also that was mentioned too
is it's extremely important.
You've got the true believers that are here
that are still left over after the cycles
for the last several cycles, right?
We definitely, definitely need new retail to come in
like it traditionally does during the bull cycle.
But like I said, I'm still bullish.
I still think the institutions would love to see it
get a little bit lower one more time
before we actually make a run.
I agree with all of you.
And I feel like everybody kind of shares the same sentiment of, you know,
based off of past history data, we might be, you know, at a point where we are going to see until
by September, October, some movement in the crypto market. But you know, the past week,
the big topic has been is Bitcoin decoupling. And I know we've touched on it before on this space,
but we've seen some, you know, movements that maybe we haven't seen before.
I mean, in the beginning, it was very disappointing to look at Bitcoin because gold was performing
really well.
Like it hasn't even performed like that in the past 40 years.
Right.
And then Bitcoin was just not following at all.
And then you see that gold started to kind of like, you know, be less on the run, but
stocks were doing bad, but Bitcoin was doing flat.
And now you see Bitcoin is pumping again. So I want to bring this topic back up and see where you guys stand this week
on the decoupling topic of Bitcoin from stocks and risk on assets.
Well, just real quick, can we mention that Squigrow is pumping wildly today?
And I'm really bullish about that. I think that's amazing.
And you guys have done so much with your team.
So I'm really happy to see it.
And yeah, just wanted to add that in there.
Up over 20%.
Yep, I know you guys saw it.
Hey, NFT kids, so when's your next fight?
Tell us about that.
You got a topic real quick.
Yeah, yeah, just real quick.
I'm fighting May 1st, so it's next Thursday in Dubai
for the token 2049 over there in Dubai.
So, yeah, I'll be out there again and repping Squid Grow,
all my stuff, got on my shorts, my robe, everything.
So go out there, get a knockout,
and then I'll be cornering sam alvey the next day
so he's fighting uh for the super heavyweight championship with karate combat so i'll be
repping square girl there you'll see me all over the place all the fight scene and looking to
connect with anyone out there in dubai in the next week and i'm excited i'm excited the last
couple months all been doing is training and crypto so it's been nice i've been keeping my head down keep it focused and uh yeah i'm ready to put it on let's get it let's get it wow let's
go i actually never see you on the panel nft kid i don't know why my phone just never shows you
it rugs with you for some reason but it's good to hear you it's good to see you're on the panel
and we're bullish on the fight have you already posted it feel free to pin it up here so people can see yeah yeah i could i could pin it up there yeah
i've been it yeah i'll do another post pin it up sounds good you're always repping and it was i
mean so exciting to watch you fight last time you know repping squid girl and it was a very very
nice victory you brought back home. So we are big fans.
But yeah, back to the market talk.
I want to go to Star Shell.
We haven't heard from you yet, Subdoggy, today.
How are you doing and how are you viewing the market today?
Look, I was telling all my friends to buy Bitcoin like two weeks ago, three weeks ago.
I don't think any of them listened to me.
And so, you know, you get to rub it in your face a little bit right now.
But other than that, I haven't been paying much attention, honestly.
I've been very busy.
But, you know, feeling a little vindicated well thanks for sharing and i know you're busy busy with silent swap so we appreciate you but i mean i guess one metric that oh yeah go
ahead shabby would love to no i was just gonna say on that topic and i hope my devs don't crucify me
and just quick update to the squid grow community community. We're currently front-loading resources into SilentSwap.
We're making our final push on development for that.
We're hiring developers, DevOps, backend,
just additional dev resources to help us push it to the finish line.
So we haven't really been given many updates recently to the community.
I've kind of learned some lessons uh you know in the past you know i i take great joy and kind of talking to the
community and what it is that we have going on but you know when those updates start getting held
over my head you know it's something i don't really appreciate it so we kind of hold back a
little bit but i will give that little tidbit right there we're making great progress on on
b2 silent swap and as i said we're front loading we're hiring right now so um yeah just looking
forward to the day where i can uh drop the date uh to the community and and start start pushing
it so there's a little tidbit for me thank you a little bit of alpha but they're definitely
working hard and excited to push v2 out you guys but um yeah i mean i guess
um one metric that i look at you know to kind of see regarding like especially like if the
altcoin season starting or not is the short-term holder realized price that's basically the level
which short-term holders break from losses to profit so when people go from losses back into
profits they're more
you know they tend to be more risk on so that's usually when like the altcoins usually run
and so that's one thing that i look at and i feel like we're you know bitcoin's doing well and after
the dominance goes down a bit i feel like we're going to see an altcoin line
uh what do you guys think about that are you you know are there certain altcoins you're looking at or conviction plays?
Yeah, I mean, I'll jump in here, like, because it was kind of to my point before. Yeah, if Bitcoin trades sideways for a while, and then the altcoins will start moving. But I am seeing, like I said,
like someone said, SquidGrow's up 22% on the day. I think I got in chat a little bit earlier and was hyping it, so I don't know if I had anything to do with that.
But regardless, I definitely was looking at that.
And then in addition to that, many of the alts that I'm in are actually up 10%, 15%, 20% with just a couple hundred bucks on ETH.
So what's weird is my alts have actually been running harder than ETH, which is pretty nice.
But again, ultimately, I do think when it comes to new retailers coming
into DeFi, they need to feel comfortable with their monthly bills. And so we'll have to see
if ultimately the economy takes an upswing where people are able to afford the inflation,
maybe wages go up or whatever else before we see a true alt boom like we saw last time.
boom, like we saw last time. I agreed. And I'm reading the comments, you guys read,
leave your questions, anything you want to ask the panel, leave it in there, and I'll bring it up for
sure. But yeah, I mean, I for me, personally, like, I want to know, like, what, you know, and I,
you know, we love SquidGrow and everything. But I want to know, like, one, you know, narrative
that SquidGrow focused on was basically, you know, with the product that we put out,
Salon Saw Privacy. And we think that it's a narrative that, you know, is not even just like
a trend, but it's a necessity, right, for businesses, institutions, but even for traders.
It's something that we've been exposed for a long time, but we've realized that, you know,
us as traders, I mean, Shib Toshi came up with this idea just out of his own frustrations, right? But so privacy, obviously, is something that I'm personally very
bullish on. And I'm watching the sector and the narrative very, very closely. But I want to know
what you guys are watching for this, you know, upcoming next six to nine months. And NFT kit,
I'll go to you. I want to know, NFTs, man, do you think they're making it back? Are you watching
the NFT market? Or what exactly are you interested in right now yeah no great question i think nfts are slowly
coming back especially as you could say blue chip type of nfts i've been uh buying some utes buying
some d guys nfts like that little pudgies i think are really good investment some of the some of the
off branches not the actual pudgy but i think the little pudgies will come up a lot they have some games and new development so yeah I'm just waiting you know like it's all cyclical and these markets they they come and they go but NFTs will get hot again I think they'll be hotter than before just because mostly a lot of people in crypto especially that want to do this social flex that's
why they like nfts the next social flex is has me as many of these bigger nfts
so when normies come in i'm just thinking it's really going to explode the next couple months
are crucial and a lot of nft projects are up especially the blue chip big ones right now
and yeah oh yeah i haven't been watching the nft market at all so nfts are pumping NFT projects are up, especially the blue chip big ones right now. And yeah. Oh yeah, I actually have an update.
I haven't been watching the NFT market at all.
So NFTs are pumping.
I see some Ordinals coming up.
I know the Ordinals community, they're definitely Bitcoin maxing.
And they have some big stuff coming up now.
And what else is coming up?
I mean, Ordinals are going to be playing a release project, the Wizards, the Taproot Wizards. Oh, yeah, yeah. I know there's a lot ofing. The Wizards, Taproot Wizards.
Oh, yeah, yeah.
I have fun of those, actually.
Bigfoot Puppets, other ones.
I know there's a lot of good ones.
That's cool.
Thank you for the update.
I actually haven't had time to look at the NFT market at all.
Cal, what you watching?
So, you know, I haven't been watching NFTs, that's for sure.
It's been like, you know, I think attention spans been split every cycle. And I haven't been watching NFTs, that's for sure.
I think attention span's been split.
Every cycle, we talk about altcoin season, altcoin summer, whatever you want to call it.
And every time a new cycle happens, there's thousands of more altcoins than the previous cycle. So I think over time, that attention span kind of splits between
all of them right I'm curious to see what a theorem does a kind of it's in
terms of its like competition right Solana's really taken a lot of that
market share I want to see it come back you know theorem is huge in terms of like, you know, institutional money, right?
Institutional money trusts Ethereum.
Does it trust everything else?
I don't know.
But I think this is kind of the last big cycle, if any, right?
If Bitcoin is adopted in a much bigger way this cycle
then you're going to
have less volatility in the Bitcoin market.
Which means less volatility in the rest
of the cryptocurrency.
That's kind of how I'm feeling.
I'm feeling like this is the last big bull.
And then for the rest
of it's going to match the stock market.
And I agree
with you, Cal.
I think we even touched on this, you know,
on one of the previous spaces.
I feel like there's just so much new sectors
that there's just going to be, you know,
viewed out differently
and maybe have their moments differently, right?
Like we even see that with the AI coins.
Like I see AI coins always having their own narrative
when there's NVIDIA earnings coming out,
like seven days prior, seven days after,
you see the movement on them where the rest of the market maybe is not even affected right and so gaming is
going to be separate and like you said i feel like there's just so many sectors with every bull market
it's just there's all these new innovation um so yeah we're scaling for sure and i feel like we're
going to have different times like it's not going to be the general this is the bull market and
everything's going to run at this point uh but you mentioned also you know um on-chain activity on solana going up and
everything i want to hear a little bit about about that from you guys i haven't you know seen i think
it was you or somebody else that actually mentioned it um what do you guys think do you think solana
is you know just gonna take back its dominance and you know go back to where it was or um do
you think it's up for grabs now yeah i don't think anyone learned their lesson and i think
the casino that is solana is probably going to open up again
hey yep i agree really so the first pump we see we're back at the casino you guys
all you need is one big token and they're kind of priming a few, right?
Not that I'm showing any of them, but there's a couple of them,
if you guys are checking the timeline, that are like, you know,
these big KOLs are trying to push them,
but they really haven't gotten traction yet
because there's a lot of mistrust in that space
there's a lot of mistrust when it comes to um all of that at the moment i think uh yeah
i'll i'll jump in on solana just uh really briefly. One thing to note, guys, is Solana is up from about $96 at the beginning of April.
Yeah, 2025.
All the way to $150.
So from $96 to $150.
And we saw this with BNB, where BNB was kind of a dead chain for a long time.
And yet BNB held value more closely to Bitcoin than any of the other pairs. It way
outperformed ETH. And obviously it had Binance centralized exchange backing it as well. But
because BNB held value so well, again, with Bitcoin, the chain kind of revived itself a
little bit. And I've seen a lot of activity happening on BNB. And so with the Solana pair really having
gone from 96 to 150 in this short time, that pair value, you know, rising tide raises all ships.
And it increases the value of people's liquidity pools. It increases the value of their wallet.
And of course, that alone is going to be an influence driving people to Solana. Solana
got adopted. There's no
way around it. It is an adopted chain. And although I've lost more money on Solana than any other
chain because the bots are so incredibly efficient at extracting value, and it's why I do try to
avoid Solana a little bit more. Nonetheless, it's adopted and it's an attention economy. And if the
tension's there and the volume's there and the money's there,
people see opportunity in that volume to make trades, to make money.
So if you want to look at a token that has 5K daily volume on a chain that has high gas fees,
or another one where it looks like it's got 100K, and hey, even if 95K of that is fabricated through, you know, volume bots that they can do on those chains, either way, people can't tell the difference sometimes. And so that's why it's going to be hard to beat that. But one thing that I do look for is base chain underneath Ethereum to kind of really be a competitor to that in terms of gas fees and being able to create volume and hype and energy. So I'm looking to base chain as well.
and being able to create volume and hype and energy.
So I'm looking to base chain as well.
And I agree with you.
I think, Funk, you said it perfectly.
I think that what we saw really was that Solana has been adopted
and it's getting tested, right?
I feel like the mistress that you guys mentioned is there,
but it wasn't like for the chain, right?
It was for the coins.
It was for the bad actors on the chain.
But, you know, no matter what, it still performs.
The tech is still there.
It's still cheap, fast, all the things that it was always promising, right?
And if anything, through like that casino era,
all we saw was that it truly like was able to handle the volume.
And even like the day that, you know,
Trump coin launched and things like that,
like those were just like truly tests for the network.
So that's how I viewed it.
But overall, I feel like there's mistrust mistrust you know everywhere right now because of like the
in the global situation right the markets like there's valuation problems with the companies
there's industry valuation issues trade valuation issues so i feel like we're kind of seeing
everything like a play out in the real time in terms of like wars between countries and how
they're going to value these things and that's why people are just uncomfortable and buying so much gold because like there's just you
know there's truly valuation issue and mistrust right now going on globally um but to bring it
back to the chains um i agree i feel like you know it was truly tested and adopted and that's one of
the main things that you need for a chain because these are all kind of theories right they're like
startups that telling you we can probably do this, but then until it's tested,
we don't know. Kings, go ahead. What did you want to say?
No, you know, kind of speaking about, you know, Solana. Like, obviously, everybody knows my
feelings on PumpFun. Like, obviously, to each their own, we all got to make our choices.
teach their own. We all got to make our choices. I look at it as like a negative for retail,
especially because it's a mass extractor. Like, let's be honest, if you look at how many projects
have launched, how much revenue has been generated, as well as how much money has been lost by
retail. I mean, it's been one of the biggest problems and issues why we are kind of where we are with you know a lot of retail either have lost almost everything or the few bucks they do
have left it's sidelined because they are so they're so scared you know because where do i
put it where do i trust to put it because let's be honest this year has been probably, at least from a point of view that I look at it from prior cycles and prior years,
is like extraction has been massively targeted at retail this year.
You know, we've seen it.
But obviously, you got a blockchain like Solana, a network like Solana.
It is going to be relevant because it has the backing of the VCs that are in the space and everything else.
And I think it's a chain that can be definitely bigger
than just known for pump-em and memes.
And I think that's what the team really wants
And I think that's what the team really wants to get going in the future anyways.
to get going in the future anyways.
Definitely.
And I feel like we all preach decentralization, right?
But that's what it's about.
Like, we have to make your own decisions.
You don't have to partake in the casino part of Solana.
You can have different investment appetites and different investment strategies.
But the fact is that we all preach decentralization.
But as soon as something goes wrong, then we want somebody to protect us and answer to us.
Right.
But I feel like it's just but for the masses that don't know much about crypto, you're right.
It's not it does.
It's not a great look.
It scares them off.
But yeah, I feel like it's just that not everybody really, truly appreciates and wants decentralization.
They just like the idea, in my opinion.
Well, just real quick.
I know it's been labeled as like a casino, but it's also like it is like an intro into crypto because you can have NFTs on there.
They have NFTs with 404s connected to RWAs, some real world assets with cabins with this project that I've been helping a lot.
So I won't even mention them, but I see some of them them in the crowd so there is some stuff going on in solana
but i do agree with what he's saying it is a mass extractor in a lot of ways but it is like it is
like a way for people phantom wall it's really easy solana is really easy to understand i feel
like uh i don't know it's it's kind of training wheels before you go to like ETH or MetaMask and you kind of mess around there.
You're kind of more, it's more serious money.
I think even the NFTs on ETH are just more stable.
And yeah, I think it's a good time for NFTs on ETH is my opinion.
Because I think you buy these blue chips right now and when things get hot in a couple of months, what is everyone going to do?
Everyone is up all this money.
I'm going to buy a big NFT
and they're already going to be up,
you know, 10, 20 times what they're at now.
So yeah, we'll see what happens.
Either way, whether you're on Solana, BNB,
Cardon, I mean, Solana, BNB, Bitcoin,
or whatever, Ethereum,
you're going to be able to swap your tokens
on SilentSwap in a private manner
and non-custodial.
perfect segue.
I love it.
Hell yeah.
Let's go.
Very organic,
right?
But you guys,
I want to change it up a little bit and I want to see if you guys have any
hot takes,
anything that you think,
you know,
should be talked about more,
but nobody's talking about it or anything that's like against the grain.
but I'll go to Cal first. Cause I feel like he is just he's a built-in hot take right
okay cal's cal's take a look okay i have one thing it'd be really cool if you were on spaces
and we could vote to see what we're actually doing you know we'll have a coffee meter who's
on coffee who's on adderall who's maybe coffee, who's on Adderall, who's maybe smoking weed,
who's completely sober.
You have to be honest too.
This is like scouts honor type of shit.
So if you're lying, you're lying to yourself.
So I think that's a hot take to see
what all the definitely products
these people are on on these spaces.
Because I've been on some spaces.
I'm like, I don't know what this guy's on.
He's on five different things. And I've been on some spaces where I'm like, I don't know what this guy's on He's on five different things and I've been on some spaces where I'm like, I think I know what what he's on
So it'd be cool just to see the speakers be a little transparent about what kind of products they're taking on the background
I'm pretty transparent, but not everyone is so well, I'm pounding Red Bull over here right now. So
Oh, there we go.
That's what I'm drinking.
Yeah, I'm on Diet Coke.
Yeah, until the economy gets better, I'm pure caffeine.
Just like three, four coffees a day.
Once my finances are in order, I'll switch over and we'll have more fun.
As long as I have caffeine and some nicotine gum, I'm a happy camper.
But don't try to send me messages before I've had those two things.
Because as some of my team know, I'm kind of cranky in the morning.
Who? No.
Shadok or King or give us a hot take or Funk.
Yeah, I'll jump in. My hot take is that I think the economy is going to explode. I think that one thing that I noticed just driving around is like gas prices. I'm like $2.63. When gas prices are like that, it's going to just vastly increase profit margins for the supply chain, things like that. And just for everyday consumers as well.
I know like egg prices are down.
I know like a lot of prices are down.
So my hot take is the we're at a low in the economy.
It's not going to be the Great Depression and that things are going to turn around massively.
So I don't know if that's a hot take or just a popular crypto take.
nice my hot take would be that the crypto market in 2025 is a tick is like a ticking time bomb
Nice.
of institutional formal and retail greed obviously with bitcoin dominance masking a brewing altcoin
bubble with bitcoin set to set record all-time highs, obviously with ETF hype and Trump's pro-crypto policies, you know, we got to be ready.
I mean, you're right. It's going to be a great year.
I mean, the administration's been very pro-crypto.
We've had some macro pressure, but hopefully that, you know, starts to ease up a bit.
But hopefully that, you know, starts to ease up a bit.
And actually, like, while we're on that topic, do you guys think that, you know, the tariffs easing up and everything that's happening right now with, you know, kind of backpolleting with China?
And, you know, Trump kind of mentioned the other day as well that he wasn't going to fire Jerome Powell.
Kind of that's something that he had hinted at before he might do.
So things like that, do you guys think that has had a big effect in the shift in
market narrative that we're seeing right now and i'll go to funk first yeah feel free uh yeah i
think that a lot of the tariffs were posturing and letting people know that uh you know the trade
relationships between various nations weren't really well balanced. And of
course, like a lot of Republicans hated that. Almost every single Democrat hated that. But
ultimately, the goal and hope in my mind is that we end up with better deals with these countries,
because obviously, we're in trade deficits with every single nation around the world.
And I think Donald Trump identified that as a problem.
Because if more money is going out than is being produced or coming in, we're just going to have to keep infinitely printing more money and inflation is going to increase infinitely,
you know, so and the debt ceiling kind of raises. So whether or not the tariffs have done anything
to damage those deficits or gotten people back to the negotiation
tables or gotten people to build new factories in America or even just got commitments from
other countries say, hey, we'll buy more U.S. products. All right. We'll try to make it more
balanced. If any of that can happen for the good, then that's then that's great, you know, obviously.
But on the flip side, you know, it did shock the economy short term.
And can we recover from that? Or are people just going to kind of continue the bearish pattern
because markets tend to do that? I mean, one thing we can agree on is that at least they
taught people what a tariff is. Like half the society didn't even know what was going on. And
now everybody's so educated and a tariff expert. I mean, one of the things is, I don't know if people notice this, but during the Biden
administration, during Obama administration as well, people talked about politics exactly
zero.
Like there were three times in the full four year span that anyone even talked about anything
to do with politics.
And at the very least, you could say the Trump administration has people talking about it
all the time, whether they're angry about it, whether they love it.
People are educating themselves on these topics and forming opinions and doing research and coming to different conclusions. But at least it's in the lexicon of every day.
And it might be making our country smarter as a result of it, or maybe making relationships
between people as they learn to listen to each other, if they're going to need to do, especially
Democrats, if they want to win an election, they're going to need to listen to people a little bit more.
So hopefully all those things are happening. Definitely. I agree with you. And I think
one major part of it is because he's doing such drastic changes where we hadn't seen before. I
think everybody was scared of like moving something and the rest of the thing breaks.
So I feel like he's really just like trying to, you know, rewrite the, you know, economy. And
I think we even talked on it on the last space, we are kind of away years away from having fully
manufacturing and automation and things like that in the US and kind of figure out, you know,
automation to kind of deal with like the labor cost changes in other countries. But I feel like
at least like you said, it gave us like a push of like hey this is
a problem that we're gonna have to deal with anyways in the future we need to get a head
start on this and so even if we're negotiating now and going to the negotiation table and we
know where we lag and where we have leverage that just helps us to kind of get more prepared and as
business owners realizing that it's better to kind of you know bring stuff back to the U.S.
and for the future sustainability and long-term sustainability. So I agree with you. I think it's actually making people think and
strategize a bit more, which is good. So even if he's like backtracking now, I feel like we've
already seen a little bit of results. Obviously, I'm not a macro analyst to know exactly, you know,
but that's kind of like what we've been seeing, right? What we can kind of draw conclusions on. But I want to also hear from Rob. Welcome to the panel. And do you have any thoughts you want to share with us?
with OG Peanut. He asked me to co-host, so I was over there co-hosting.
Tonight's my midnight squid talk at 1159 Pacific Standard Time.
I'm giving away an NFT, an OG ape in there.
She must be in the space to win.
It's my pinned post on my profile.
Go engage with it and be in space tonight
and have a chance to win the ugly ape um my thoughts is i got a lot
of thoughts but my thoughts about the market right now is yeah squid grow up 24 when i woke up this
morning um all my other bags are just slowly climbing um i am real bullish on Ethereum with the new updates coming out on May 7th.
And the news that Metallic's thinking about
swapping EVM to the RISC5
to increase the speed and lower the gas fees,
I think that's extremely bullish.
And so, yeah, I'm just glad I'm patient.
And I'm glad that I have a founder like Shiptoshi who interacts with this community.
That's awesome.
And I know you host a bunch of spaces, so you guys check them out.
And I know that you guys also do a Squid Girl community space.
So if you're in the Squid Girl community, make sure to check those out.
Super fun.
Kings also does good spaces.
So feel free to, you know, pin them up in the Jumbotron as well so people can find it for next time.
But, yeah, you guys, you talk about, you know, coins jumping.
And I know Squid Girl has been having a good day.
I also know, like, the Trump coin that I mentioned earlier jumped about 70% and I think
that's due to Trump kind of announcing that he's going to host an exclusive dinner for like the top
Trump holders. I wonder if Shib Toshi is going to be in that. No pressure. But yeah, it's just been
so many bullish news you're seeing. I mean, Bitcoin's been doing great, you guys. I mean,
like I really want to see if we're going to see, an all-time high that we haven't seen before.
I mean, it flipped Google and silver, and it became, like, the fifth.
Now we just need to pass, like, a few more, Apple and Amazon and others.
But do you guys think that's possible to happen in the next couple of weeks?
Are we going to see, kind of, being number one um in um global you know market
cap and global assets funk nftk and you guys i sorry i don't call on you because we usually
have a free-flowing conversation so you can jump in anytime add anything you don't have to raise
your hands but i'll go ahead and call you guys out if that helps kings i know you're unmuting
and then i'll go to Funk.
What was the question again?
Because I was still going to – I don't want to go back to the last question.
I was going to do it, but it cut out for a second.
No worries, and you can answer whatever you – you can answer the last question too.
Give us your thoughts on that before you go into this one. But I was saying, like, I'm just looking at how Bitcoin flipped Google Silver,
and it became, like, the fifth most valuable global asset.
I was wondering if you think within the next two weeks, we're going to see it pass Amazon and Apple and just become like the top three.
To be honest with you, I don't.
Not with what this is not financial advice.
Yeah, not financial advice.
Obviously, I, you know i i hope it does but i personally in my opinion i don't think it's going
to make it to the top three in the next couple weeks uh but i will say i believe that this year
uh when this market really does make that run i believe it will it will definitely be up there in
the top three uh just just from what you said in the next two weeks i don't think so but obviously it's a big thing it did flip amazon i was actually just looking at that's
funny you asked that question uh but i think it still has a long way to go to catch gold though
but it'll get there i think that it will eventually i think bitcoin will be
if i was to say you know on a conservative within the next decade, I think it could be number one.
I agree with you.
I mean, gold's been just crazy.
I mean, it hasn't done what it's done in the last six months,
in the past 40 years.
It's just taken everybody by surprise.
Very, very aggressive moves.
And I feel like it's just because, like, stocks were worried about tariffs.
Oil was worried about recession.
Gold has been kind of seen as an inflation hedge.
And the dollar even going down, I'm sure helps, you know, the gold.
But go ahead, Keith.
Keith, NFT kit, do we have you?
I was thinking hard about what I was going to ask.
I just forgot.
Like, sometimes it comes and it goes. My bad, man. Oh, that's what i was gonna ask but i just forgot like like sometimes it comes then it goes my bad man oh that's what i was gonna say okay it's back okay so how many x's
would we have to do from now bitcoin until we pass gold so are we like a 10x we have to like
10x where we're at or where are we at on that i just i think i think bitcoin was at 179 trillion and gold was
at like 1179 so about a 10x okay that a thousand well it depends too on if the price of gold comes
down because one thing that i was mentioning is obviously I think gold is absolutely pumping because everything else is going down.
And people don't trust that in any kind of nation's currency right now, there's so much international turmoil.
What about Bitcoin, Funk? Bitcoin was supposed to be the hedge against inflation. It was supposed to do what gold is doing now.
And so far it has been, right? And so that's why Bitcoin and gold are performing so absolutely well. But I think that like a lot, if stock markets start booming again and globally economy feels people feel more bullish on it, they're going to be taking their money out of their gold and putting it back into fiat and into the market.
Whereas I don't think they're going to be taking their money out of Bitcoin. So what we might end up seeing is gold coming down quite a bit and Bitcoin coming up.
So it doesn't need to quite do the 10x we're talking about.
Yeah, I'd like to step in here.
History has shown whatever the U.S. is in the stretch of a recession or has gone into a recession, people go to gold and dirt they buy property they buy land they buy gold
and they stockpile it because it's a secure asset digital currency is an unsecure asset to most
people um just like the stock market that's why they shipped to gold that's why they shipped to gold. That's why they shipped to properties and real estate
Because they know that it's gonna go up. They can hang on to it. They can sell it later
They can walk on the dirt and they can hold the gold if they really want to
So that's why they go they shift into that. That's why the prices always climb when the economy is going to shit per se.
And that's why we're seeing the shift into gold and into,
if you look at real estate,
the interest rates aren't great,
but people are still buying it because it's real.
They can walk on it.
They can hold it.
And that's why they can't hold Bitcoin.
That's why it's not trending as well as gold is right now.
But as we adopt more people into Web3,
you're going to see the climb in the cryptocurrencies
when there are bad times in the economy
than we will see in the real world assets, specifically as people start attaching real world assets to the blockchain.
I agree with you, Rob.
And honestly, the way that gold's been acting lately, it looks like the world's about to end because that's how good it's been.
Usually when everything's going wrong, like you said, people turn to gold or real estate and things like that.
But it's been crazy movement in the past six months to nine months.
But I think a big part of that also is China is on a massive gold buying spree.
They increased our holdings by five times.
But go ahead, Kinks.
I would say I don't know how much of it played a role, but I think it played a decent role.
I know one of the big problems for gold and what helped spike it was that everybody was trying to actually get their gold physically here in America,
because the majority of it comes from England.
And they were having to get taken out from England, bring to Switzerland, remelted and rebarred, and then shipped here,
which was typically like a one- to two-week process is now taking months.
So I think that, I mean, it played a decent role in it,
but, I mean, there's many different aspects.
But I remember I read an article, I think it was like a month or so back,
that was talking about that situation,
which had affected and started pushing the gold price up as well,
just because the demand was so high,
but people weren't able to get their hands on it.
In the timeframe, you usually can... you Is anybody talking?
That's what I was wondering.
I think he does.
He's rugging.
I was going to say.
Yeah.
It was a moment of silence for the Bitcoin pump.
But how's that call, Amari?
Can you guys hear me now?
Yes.
I can't even leave and come back.
I just went for my computer
and I guess that worked.
That's the problems of being a host, right?
I was like, I'm sure they can't hear me because no one's
talking. But thank you. Thank you. Everyone you everyone's stepping in someday we'll have good experience
on x bases i'm sure someday soon hopefully uh with bitcoin pumping those days are supposed to
um but we're almost done you guys it's the last few minutes of our space so i want to kind of do
what we do on every space and just like you. This week, if you have any trading strategies or things you're avoiding,
any tips you want to give to the listeners,
and they can be security, privacy tips, they can be trading tips,
whatever you think is good for the audience to take home with them.
Yeah, not financial advice,
but can anyone tell me how to accumulate more Bitcoin right now?
What should my strategy be?
Send me your C-phrase.
I think probably the best strategy
is to buy more of it.
My C-phrase is
abandon, abandon, abandon,
abandon, abandon, abandon,
abandon, abandon, abandon,
abandon, abandon.
I mean, just do the... Don't mess with the dev, okay? That's abandon, abandon. I mean, just do the...
Don't mess with the dev, okay?
That's what you get.
I know, I love Trump Doggy.
Just do the Michael Saylor Bitcoin playbook.
Just buy the top.
He ain't scared.
He knows where it's going.
Yeah, that's a good question.
Like, aside from dollar cost averaging averaging are you guys doing anything else i
know i know ship does a lot of leverage trading as well i've always been scared to do that um
but yeah if you guys have any sounds yes we can hear you oh yeah holy cow all right i don't know
what's going on but i updated my app before i joined and having all kinds of issues so
all right happy you can hear me. I'll just fall in.
Chip, you know they, you don't,
you can get rid of your dial up.
You know that, right?
I'm actually on Starlink, so I blame you.
Should we put some money together?
I'm going to meet Elon.
Well, I mean, it don't surprise me.
I mean, if you look at how the spaces operate,
you got to, I mean, Starlink too, you know.
I'm running, I don't know about you guys, but I'm using that AOL free trial from the CDs that they send me with my mailbox.
I don't know, you guys, but Starlink worked perfectly for me at Burning Man where I've never had service.
So I'm a fan um one thing that I forgot to mention earlier there is a account going around on x called
and uh launch my nfts with an s it is not affiliated with the platform launch my nft
I conversed with them in dms they said they he is no not affiliated probably a scammer
report it i blocked him and reported it so just looking out for everybody letting them to be aware
he has 46 000 followers so um yeah i'm hoping uh i save a bunch of people. Probably about $150 worth of followers.
Yeah.
Thank you, Rob,
for pointing that out to the community.
Oh, fuck.
Oh, my God.
I have not heard that in a long time.
All right.
Just remind me of Rooms.
Dude, I don't miss that. I don't miss that shit at all. All right. You just reminded me of Roomsday. Oh, dude, I don't miss that.
I don't miss that shit at all.
All right, I'm doing a throwback,
but yeah, man,
I just wanted to leave off
because just that question that was asked.
I'm looking at SquidGrow, man.
I'm looking that it is a 10X down
from four months ago,
and team like this,
products like these,
I'm looking forward to a 10X back up,
of course, not financial advice. And then what I also want to say is, hey, once you ride that 10X
back up, you get some profits out, what's the best way to keep those safe and secure?
Silent swap is going to help prevent tracking. You down from those things, I think technology
is going to get better and better, both from the government and otherwise, on being able to track wallets and things like that.
And, you know, we got into this space because we wanted privacy.
And that's why SilenceWap is so exciting to me when it comes to, you know, being able to protect that privacy that we all thought that we would get into crypto for.
And we're sorely soon found out that it is anything but private
unless you're using these tools.
So that's just what I wanted to mention
before we get off here.
Thank you, Funk.
Great points.
And for me personally,
like it's just another reminder
just being in another cycle
is buy when everybody's scared, right?
When the fear is high,
that's when I should be buying,
not when the top's in,
not when everybody's talking about it.
Mainstream media is talking about it.
And obviously, Bitcoin is a bit different right now.
Like Subdoggy said, people might have even buying strategies with Bitcoin when it's pumping so hard because we feel like it's going for a lot more.
But in general, with everything I just try to do, when everybody's crying, when everybody's scared, that's when I try to be buying.
And then you just kind of sit back and relax and you don't fumble into everything that you're seeing because, you know, there's popular things going on or everybody's talking about it on X.
But that's just personally me.
We got kill switch up before we kind of close the panel.
I want to hear from you.
We have just a minute or two.
Give us some advice.
Oh, yeah, I'll give I'll try to give some wisdom.
I don't know if I can give any advice, but this is a great panel,
so I think you guys are all very educated,
and a lot of people in space obviously are as well.
But, yeah, I mean, I think community is the biggest aspect,
and the one thing I definitely see with Silent Swap,
I definitely see with Squid Grow,
is a notice of the community being integral to everything that goes on. And I can just say
from my personal experience, the Skid Row community has been nothing but accepting and kind and
embracing for me, Kings, and, you know, the spaces that we do. And it's been absolutely nothing but
a pleasure to be ingratiated with the community. And, you know, I actually posed a question to the community last night from SilentSwap
from one of the interviews recently where it was talking about what's it going to take for mass adoption?
Is it going to take a company like Apple to do that, to do, you know, private blockchain in order for that to happen?
And we had a lot of interesting conversation about that.
And I just think it's always good to kind of challenge the status quo
and ask the difficult questions.
And I think it's important to kind of stay on that forefront of education.
And I would always encourage everybody to do the same and, you know,
always be doing your own research and staying ahead of the curve.
And if you're trading perpetuals you're
probably doing pretty good right now have a good day everybody
see that's the one thing i haven't yet perpetuals and i'm hoping that ship once you know finally
teaches me how to do it so i'm less scared but perpetual seems to be you know a lot of opportunity
for people but um i like what you said.
And personally, like in my investment appetite, I like to look at, you know, what are actually the fundamentals of whatever I'm investing in.
And if they're going to be around for three to five years from now, personally, I think, you know, privacy, like you said, is just a no brainer.
Everybody needs it.
Every institution business coming into the space is going to need some kind of protection based off of their standards.
institution business coming into the space is going to need some kind of protection based off
of their standards so like you said like that's just one factor of you know looking at the
fundamentals of what you're investing in and seeing if you actually you know believe in it
and if you think it's going to be around for a few years but I think it's a good place to wrap
things up huge thank you to everybody who tuned in and of course to every speaker here please
give a follow to everybody you liked hearing from and give us a follow because we will be back every week to bring you market updates and also tips and advice,
privacy, security, and obviously check us out if you're interested to protecting your
privacy a little bit.
It's fully non-custodial, so there's not much risk.
You're in control of your own coins and you get to have some confidentiality with your
on-chain transactions, and especially if you're a company or a builder in the space,
reach out to us.
We are able to custom, you know, to your specific privacy needs,
SDKs and APIs that would work for you.
So we're definitely excited to work with teams that are aligned with us
and just scale our platform, but also just, you know,
help the space get to mainstream and solve problems as a whole.
So I appreciate everybody and we will be
back again i will be keeping you guys posted if we're gonna do you know wednesdays from now on
or if we'll just go back to our regular slot on tuesdays but we got fun coming on and we got a lot
of great guests that we're booking for the upcoming week so um stay tuned we have exciting stuff
coming up and thank you everyone and i actually you, she seems to be in the listener.
So until next time, thank you, everyone.
Peace out. Thank you.
Host
SilentSwap.com
from
SilentSwap
SquidGrow™
from
SquidGrow
