Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Market Talk: BTC 96k soon!? Stocks hit new all time highs!? Melt up!?
Recorded: Jan. 12, 2026 Duration: 1:41:10Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored significant trends in the market, highlighting Monero's entry into price discovery, the impact of traditional market movements on crypto, and the potential for growth in privacy coins. With Bitcoin nearing $92,000 and the S&P 500 approaching 7,000, the conversation underscored the evolving landscape of cryptocurrency, driven by regulatory developments and shifting investor sentiment.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. . I'm a tear-beck-saur. Oh Let your grudges break your back! I Thank you. It's a true world, what are you to recall?
In the world that blame your fate, we took to the under,
and just grind yourself to the under, say, now you carry on.
All you care, all you care, all you care,
wait till you find it, I ain't talking to me. Oh and music I'm going to go. Thank you. Music um Oh, my God. I'm gonna fuck on Mario Pride! I
Yeah Mm-hmm. Mm-hmm. Cool. Mm-hmm. Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm.
Mm-hmm. Mm-hmm. Mm-hmm. Mm-hmm. Mm-hmm. yo what's going on guys naka what's going on prometheus david what's up y'all everyone in
the audience i hope you all had a fantastic weekend.
I hope you're all having a fantastic Monday or Tuesday.
And, man, let me tell you, about five minutes before the scheduled time,
I sat down on my desk, got everything ready.
And, like, the moment I sat down, man, I had the biggest Charlie horse that I probably have ever gotten, man.
And anyways, I chowed down an entire glass of, what would you say, Naka?
What's a Charlie horse?
A Charlie horse is when you get a hamstring cramp, either like when you sit down or you stand back up.
So I just forced myself to have some sparkling water.
I guess that helped out a little bit.
Right. I kind of had to crawl.
But are you not a water enjoyer?
No, I mean, I had sparkling water to help alleviate while I was, like, massaging my hamstring.
But anyways, man.
At least that's your excuse, right?
Yeah, yeah.
He was massaging his hamstring with a pornhub.
That's right, man.
That's right.
But anyways, man, some cool shit has happened over the last few days. Monero went into price discovery after like nine years, eight years, whatever it is. We also had White Whale blast through 200 mil, which is honestly insane. And dude, I'll say like, I think that's how a coin should be ran.
And, dude, I'll say, like, I think that's how a coin should be ran.
I don't think that's ever going to happen again for what it's worth.
Like, I think White Whale is kind of an anomaly.
I think it's almost the same playbook as what Pepe did.
Supply control at the very beginning.
And usually when that happens, there does tend to be a little bit more of opportunities later down the road a few weeks after that.
At least that's what the trend has been on chain for the last few years but uh we have the s&p marking
up towards 7 000 and man um the iwm we'll see if that thing actually has a blast off towards like
300 it hit a another all-time high today a slight marginal all-time high but still another all-time high today,
a slight marginal all-time high,
but still an all-time high.
Nonetheless, we also have the Fed balance sheet
also starting to trickle up again.
And we also have Jerome Powell
being prosecuted as a criminal.
And honestly, that all could have been avoided
if he just did Z zerp and qe
that that would have easily been avoided if we would have gotten all season over the last uh
three years perhaps that would have been avoided and it's pretty simple all he has to do is press
a few buttons on his computer screen and that's it right just press print after pressing one and a bunch of
zeros and he would have not potentially picked up the soap for diddy and spf it's it's really that
simple everyone's making such a huge deal out of this and the same thing with this new algorithm, like the X algorithm.
I don't really see any changes at all.
It all depends on how active you are.
And CT is never going away.
CT is always going to be alive and well. I don't think this platform is ever going to get rid of our niche little bubble, man.
And that's what I have to say about that. that's what i have to say about that that is what i have
to say about that but great start to the week btc hit close to 92k east soul it's kind of whatever
honestly um not much is happening on chain today at least not much well with the exception of like just a few random tickers um
it's just one ticker on soul it's an ai ticker called alch this thing is always creeping up
towards this macro high of uh i think it was from last summer it's insanely volatile but i mean it's
always has those like those like anomalies that just have this crazy volatility.
I have no idea what River is.
We talked about it on a show a few weeks ago.
That's also in Price Discovery.
I didn't buy anything of it, but it's just like...
I think Prometheus asked me about it.
It's like that stablecoin chain that Stable wanted to be, STBL.
that stable coin chain that um that stable wanted to be stbl um and i think arthur hayes's fund
maelstrom is uh is involved in it but other than that man we will see how this pal thing
ends up being it seems like the market doesn't really give a shit about it um it keeps marking
up but i would like to see the iwm actually blast off by like five six percent in a singular day i
think that would honestly like bring so much capital back into markets a lot of speculative
capital and you'd probably see uh kathy wood's arc absolutely rip face towards the new all-time
highs if you see that within the russell um's just that the Russell's been kind of a
psyop man over the last um over the last few years it just makes these small marginal highs
and then just gaps back down to like 200 or just under 200 but anyways guys that's kind of my
opening rant that's kind of my opening rant guys um I think the biggest elephant in the room is monero going into price discovery
personally i kind of like monero more than uh more than zcash um one like there's the reason why xmr
is so hard to buy now and it's so easy to buy zcash you can buy zcash and pretty much every single
major crypto exchange whether it's monero it's really it's
really not that easy to be honest it's not that easy and i think like i think you can buy it on
you can buy it on kucoin you buy it on kraken i think actually as well monero yeah yeah you can
also long it on hyper liquid oh no bro longing it and owning it is like two
different things in my opinion slide that leverage bar brother slide it far to the right
yeah i i i don't think z cash actually went into price discovery i think the all-time high for z
cash is like 1300 like 1300 or something like that um now the only thing is like is the market gonna behave
just as it did when zcash was outperforming throughout all of october where it just marks
up by the slightest bit and then everything just craters um i have not noticed that anytime xmr
catches any sort of bid.
I haven't noticed that at all.
I think this is the first time that Monero has even been trending since late 2017, early 2018.
So it has been a fat minute.
You probably have a whole new cohort of holders.
I know a bunch of major players left zcash i know one of the guys um is actually like trying to build a wallet that's built on zcash tech which is like the weirdest
thing ever but anyways guys if you guys can go ahead share the stream and all that stuff you
guys already know to do click the spaces tab you'll see the link above our profile pictures
hit the like button hit the Repost button.
All that good stuff helps bring more people into the room,
helps bring the show more out into the algorithm.
You guys always do such a great job.
But I'm going to go ahead and get started.
I'm going to pass it on over to Naka first, bro.
Naka, what's going on?
Could I jump the line?
I'm in the hospital right now waiting for a cat scan.
Oh, no problem, man.
What's going on?
You know, I was assaulted
randomly on the sidewalk
and fractured
my elbow.
Are you being for real?
Yeah.
Like you were assaulted?
Somebody just came
opposite me, a bigger
person, full force.
They lifted me off my feet by pushing my shoulders.
I went back.
And I'm not Neo, so I couldn't keep my balance.
And I hit my coccyx bone and my right elbow, which has a bone chip.
Oh, man.
Which city was this in?
I'm in Manhattan.
In Manhattan? that's crazy i was i was in man i was
in manhattan like last year and it does it does seem a little bit rough nowadays the demographics
have become much more well they let everyone out of jail when you commit a crime
people said do you do you did you get the did you get the recordings from the local businesses?
What are they going to do?
They're going to prosecute him so he can come and look for me and kill me because he's angry at me?
You know, I didn't die.
You can't report things.
Everyone goes to jail.
jail. It's crazy. It's crazy. Anyway, on a happy note, no, no, I don't have any pain in the elbow.
It's crazy.
It's crazy.
It's just the bone chip causes excruciating pain. So I think they just got to remove it.
It's like in that TV show Lawman where he broke his finger. He said, just cut the tip off.
his finger he said just cut the tip off don't try to you know grow it back anyway so i'll just be
brief um uh the the nasdaq is up less than the euro today you know powell doesn't matter uh trump
brought down the hammer on friday when he announced i'm going to be buying all the mortgages powell
could even find and he's trying to put a flattener on.
Mortgage rates are now 123 basis points, lower than last year.
Tomorrow was the peak of the cycle, 726.
It was 724 yesterday, you know, 364 days ago.
364 days ago.
So they're below the low of the rate cut initiation,
which was 611, 601 today.
And the adjustable is 568 or something like that,
with a low of 559.
And so without even any actual buying of the mortgage, we're tightening.
And that just speeds up. And you can see housing, Toll Brothers, I think it's a year high,
Rocket, obviously. They call me Rocket Man now. Rockets at a, you know, none of these are advice,
but it's a symbol of market expectations of mortgage activity.
And Powell has been rolling off mortgages up to $35 billion a month,
which makes it nearly impossible for most Americans to afford
because he sadistically is forcing the market to find a buyer other than him.
And the administration says, we're not playing that game anymore.
We're going to drive those rates down down and we're going to help people. And you, you know,
you're starting to see interest rate sensitives. Look at Lowe's. It's a big company. It's near its
52 week high. So I would not be encouraging anyone to fade interest rate sensitives. So that's really it.
When you see the euro up more than the NASDAQ, that's not impressive for the NASDAQ.
That's it for me.
Wish me luck.
And I hope you get better, David.
I hope it's not something...
Good luck.
I'm going to warn some people I know in Manhattan
because that is kind of scary.
It was wild.
He took a running start.
In the states where you can carry,
that shit doesn't happen.
I would not carry even if I could.
I'm afraid of guns.
I'm not afraid of guns.
If Manhattan's going to turn into Gotham City again, you probably should.
If I would have shot this guy, I would be in jail.
In fact, I had a key made today for a friend,
and I was across the street from where that guy got indicted for secondary murder
for shooting a guy that tried to stab him wearing a $300 t-shirt because the EBT card didn't work and he wanted a bag of
chips for his girlfriend and they put this bodega worker trying to defend his
own life second-degree murder you don't have to defend yourself could you imagine
if I shot the person okay i gotta go
thanks everyone thanks for coming on david and i hope you help you get better man geez me too
gosh naka what's going on bro all right bud well remember i asked like the show before last
if anyone thought monero looked good. You did.
Turned out it was good.
I didn't want to buy Resistance
though. That was like around $400.
We're around $599 now
at the moment. $595
to $600.
Jackis caught this one
at like $200 or something.
So he's done pretty well on that.
But I'm actually considering buying
the buying the pump like right now yeah at least you know what the trend is right yeah it's broken
it's broken out of a decade-long accumulation i think these are actually some of the safest buys
you can ever do it seems like the worst time to buy when it's like just got the lines going straight up but
that you know straight up plus just broken out of a range is like you're probably i mean something
very strange would have to happen that very rarely happens in ta for you to ever lose money on that
purchase i mean that doesn't usually even if you lose money at least it'd be more fun than trading the two thousand dollar range on bitcoin right now yeah but i'm actually like bitcoin bitcoin to me is boring
you know because like i think it's going to be a bitcoin bear market but maybe maybe privacy
coins have a run you know and monero like do you guys know so you guys know how much the price is
for monero right it's like 590 or something but do you know what so you guys know how much the prices from an arrow, right? It's like
$590 or something, but do you know what the supply is like how many Moneros are there in the world that you can have? I thought they didn't know
I thought it was hidden
There's like 18 million of them. There's less Moneros than there are bitcoins
So you're basically like, you know, you're buying, I mean, yeah,
okay, it's a little bit of a stretch, but, like,
you're buying Bitcoin at $500,
except it's bad.
You want to know who shilled Monero
at, like, $200
as well? Nick Fuentes.
He went on this, like, huge rant,
and he was, like, comparing BTC
to Monero, and it's, like, he was basically saying how, like, BTC to Monero and it's like he was basically saying how like BTC
has been overtaken by by Deep State like you have all these ETFs and all that stuff and it's like
it's no longer private like you actually have an invasion he actually actually had an invasion
of BTC by all these whales and like the original ethos for crypto is just gone right
supposed to be um private right it's supposed to be private yeah i mean the thing is bitcoin
bitcoin has never been bitcoin has never been private though right bitcoin is a fully public
uh coin anyone can see your sp, right? The thing that I think
Fuentes is kind of right about,
maybe sort of backs, because you get
a lot of... I remember people
shilling Monero to me in like 2015
or something.
I just wasn't into crypto.
You know, like,
Bitcoin
has been kind of like taken over by the suits. And there's been a string of, like, physical attacks against Bitcoin holders. There was a thing in France where the government employees at the tax authority were basically kind of like poor and poorly paid and they were selling people's uh because you'd have to do uh kyc to legally hold
bitcoin in france or in any country because of tax so these tax people would some of them would
sell your details to a gang and then the gang would visit your house and beat you up and cut
your fingers off and take your bitcoin right um so you know there's this kind of feeling that
crypto is bifurcating into either you just buy the ETF, right?
You're just like, I don't want to own the Bitcoin.
I don't want to actually have the risk of holding keys.
So I'm not going to buy it.
I'm just going to hold the ETF.
Or you have to go fully cyberpunk and you get Monero and then you don't tell the government about it.
get monero and then you don't tell the government about it it's private you don't get taxed and the
It's private.
government can't send criminals to go and cut your fingers off and stuff so if if that is what's
happening then you could have this situation where bitcoin just kind of like doesn't perform very well
because the thing is if if you only have the etf nobody's actually buying the underlying
the price action on the etf might not be very good and that can very quickly
you know start to start to spiral into like people being like well it hasn't had very good returns i'll see what happens and then
people who actually need crypto go and buy something that's kind of like more um that has better um
something that's kind of like more um that has better um cryptographic better crypto economic
properties which you could argue monero has the superior crypto economic property because it monero
is like properly fungible each monero is indistinguishable whereas bitcoins are tainted
um every sat is a unique basically every sat is its own unique little nft and you're kind of like
you know sending around these nfts that's what's going on underneath um so monero has better
fungibility and it has privacy uh and zed cash also claims the same so we we could be sort of
like um experiencing a sort of phase transition in the crypto market where we've had like 10-15 years of this kind of
weird halfway house where it's not really crypto because you're not really doing it like properly
like a cypherpunk like you're trading you know these supposedly decentralized coins on a
centralized exchange and nobody's actually using it for anything but it's all okay because the
number keeps going up right we could be approaching the point where that sort of like weird halfway house breaks down and you have to
either commit to, I'm going to be a cypher punk, I'm going to have my own keys, I'm going to hold
my own coins, I'm not going to tell the government about them, versus I'm going to be a boomer,
I'm going to allocate to some ETF that all the other boomers have told me to allocate to.
So it could be that.
It's at least a story.
I feel you on that, man.
Are you saying Bitcoin puppets are going to come back?
Jeez, dude, that was a weird time in the market, man.
I think that was honestly like the most frothy part of the cycle.
Like early 2024, like Q1 2024, I think that was like the peak as far as like excitement.
And man, what a time in the market.
I think they'll come back like next year in Q1 or like earliest the summertime.
Usually whenever there's like a wealth destruction event where people just get rinsed um that event being tremble melania it actually does take time for like a massive
cohort of people to win rather than a small sector of people like all the wins that we saw on chain
from april rather march all the way until geez like call it early october right when um what was that privacy thing that cz launched
bro i can't believe i'm from aster my gosh bro wow it's that seems like a lifetime ago and like
right when aster peaked i think it was only a small cohort of people rather than like so many people winning all at once throughout 2024.
And you had such a huge narrative, man.
You had the presidential election and all this like red tape that was going to get cut and the strategic Bitcoin reserve.
And all that stuff is out the window, man.
Maybe with the tariff relief checks or whatever,
whatever that thing is called, where like people,
I think households that make like less than $150 a year,
they're going to qualify for that stimmy.
And I would say probably like 10% of that probably goes into crypto.
If they actually do cut credit card interest rates,
like in more than half, I mean, that's like a huge freed up pool of capital that people are used to paying month
to month that they no longer have to pay on credit cards.
I don't know who knows if it's actually going to go through or not, but I know that's some
new news that I found interesting because I know like most credit cards are like what,
like 25, 28% interest and Trump saying he wants to cap it at 10.
So like that's like interest rates on credit cards, like people that are paying interest,
which if I had to guess, 75 to 80% of Americans have credit card debt that they're paying
interest on.
Like that gets cut in more than half if that actually goes through.
And he's saying by the end of the month.
So I mean, let's see if it happens.
But that's like another form of STEMI that's not actually money getting airdropped,
but it's money that, you know, your everyday consumer and American doesn't have to pay out of their pocket towards debt.
So that's also interesting to keep an eye on.
thing to keep an eye on and so trump basically he wants to be he wants to be someone that overturns
like the banking sector man he wants to be like the new um who was that who was that banker
prometheus in like the 30s um god i can't remember his name jp guessy say what jp guessy something like that yeah it was
like post post like great depression he bought he bought up like a bunch of assets uh like right
towards the bottom and um yeah i forget his name dude it escapes me right now. The Kennedy family?
Possibly, man. Possibly.
I know I'm right on the money with the statement that I said.
I just can't remember the exact family, but they made a boatload.
Anyways, I think Trump kind of wants to do the same thing, overturn the current monetary and fiscal policy and just go bazooka like 3AC on steroids.
Like I think Trump basically wants to be like 3AC, but for the stock market.
And I don't care what anybody says, bro.
If you see the IWM at $300, you see the S&P at $7,500, like BTC will go into price discovery.
World Liberty, which is trump's family
like defi hedge fund or whatever you want to call it they also just um applied for a banking charter
um last week so that's also wow as well wow chart looks really good i'm keeping an eye on it but um
yeah i think wl5 is like bottomed already yeah i think it's it's already
bottomed and it probably sends pretty hard even if the fdv is pretty stupid i i think it's like
i think it honestly outperforms eth um and soul like i think moving forward soul and eth just like
severely underperform um alpha plays because personally i think btc dominance this is like
one of the last times that we'll ever see btc dom above uh 60 um that's my dubious speculation
because bro crypto's been around for almost 20 years at this point and at some point like you
need something outside of like what the what the digital equivalent of the Dow Jones is.
And like BTC is always going to be king. Right. Just like, you know, over time, you can expect some some upside in the Dow Jones and the S&P.
But against the Nasdaq, absolutely not, man. That's what I think whatever altcoins survive and last like the next decade or two are going to be.
It's going to be like the Nasdaq, right?
The digital version of the Nasdaq.
And I think it's probably stuff like Hyperliquid, to be honest.
If nothing happens to Jeff and any of that stuff.
I'm not sure about PumpFun, man.
But like, I've got a feeling at some point, um,
something, yeah, I think something happens with pump fun.
Like, I don't know if they fix something internally or like they sell their equity to people in the U S I don't know, man.
But like that platform where they based out of, I have no idea, man.
where are they based out of i have no idea man no idea no idea but they're they do have equity
No idea.
investors which kind of is like the play if you're a private investor equity rules overall
i think binance had their equity round in like late 2018 early 2019 um and they used so much of that money to just prop up bnb that year it was
ridiculous but i i i think something happens with pump where it's like maybe they sell off to an
entity and you know they're not going to be chased by lawyers and be extra or any of that stuff
because the model works man the model works they were early
to that and the thing just works and i really don't think like there's going to ever be a
pump fun competitor i i i just don't i don't really see that happening man but um prometheus
what are your thoughts man to start off the week iwm once again doing that weird thing where it makes small marginal highs
s p looking to break 7 000 man um kind of just kind of kind of give me your thoughts man man
they're also going into price discovery and we're talking i mean monero crossed the chasm of 10 bill
and at least for myself i haven't really seen a trend where whenever you have something
crossed that amount, the market just implodes.
As a matter of fact, it's probably like inverse on-chain, right?
Where usually when you see an on-chain sender blast through 200 mil, it gives a signal to
the rest of the people that are on-chain like, all right, it's time to make money.
We even saw some smaller coins right like testicle
blasted through through 30 mil that was um that was the funny one i'm not gonna lie dude i forgot
who sent me that one but it was hilarious and it's kind of the same thing with centralized
exchange tokens right when you see something blast through 10 bill it kind of
sends a signal to some altcoins like hey you know it might be time for at least um a small like a
small rally right these these pumps on these uh valuations it's never it's never singular it's
usually like all right this coin pumps and then these batch of coins pump, right?
Look at Pepe, right?
Pepe pumped a little bit.
And whenever Pepe pumps, everything practically pumps.
So it's like, all right, let's kind of see the same thing with Monero now.
Feel free to give me your thoughts, bro.
Yeah, bro.
We are, I mean, broad market outlook real quick.
You know my thoughts from the higher time frame., like BTC needs to escape this range.
Um, this is horrible price action on the lower timeframe.
It's basically untradeable.
I mean, if you're fading, you know, any like 2000 point rally kind of in, in Bitcoin, um,
and just, you know, shorting it back down to like 90K. You've done pretty well.
I'm kind of sick of it. I did it last week and I'm now looking for a trending move,
whether that's above 92 or below 89. We'll see what happens. I don't have crystal ball. I don't
know for certainty where price uh is going to be trading
though you see the iwm breaking out to the upside the nasdaq looks fantastic uh equities are a whole
nother story equities look super super good and it's kind of one of those thing like things where
at what point is crypto going to going to follow to the upside, even if it's not necessarily some big outperformance or catch
up trade, just seeing some form of release from this pinned price. You'd expect it at some point
with how the indices are looking. Obviously, Monero has been talked about quite a bit thus far.
You can't deny Monero looks fantastic.
Louis Jackis and I picked some up in the fund.
It's been a great trade so far.
We expect it to continue to see further appreciation to the upside.
Do you have a target for how far that's going to run?
I personally would like to see above 720.
That's kind of like the first region I'm going to be looking. Obviously,
price will tell a different story, right? If we start to see price distribute around,
I don't know, like 690, let's say. And it's seeing signs of exhaustion and telling us to get out. I mean, there's probably going to be some heavy profit taking, but we're starting to get this kind of escapism, you know, in crypto that we have not seen in a long time.
Right. A big part of, you know, a big kind of piece of the pie in like 2017 specifically was like getting away from the institutional, you know, like Naka said, the suits, getting away from the institutions,
getting away from the governments, not worrying about, you know, quote unquote, like having to
pay taxes. There's like tornado cash, yada, yada, yada. And it seems like the space is kind of going
back to that way, right? Where, what do you, what do you think about buying the tornado token torn um not i am not like as of right now i'm not
really interested and the reason why is if we start to see liquidity kind of if we start to
see liquidity flow back in to that coin then sure but from like a use case perspective i also don't
understand like the i don't have a thorough understanding the fundamentals um of the coin itself if it plays a key purpose in the you know
functionality of that of tornado cash itself then and i mean the market cap is like 40 million or
something higher than i thought there'd be a lot less than that at this point that thing probably
blasts like if there was ever a 10x dude staring you in the face it's probably tornado cash man
um as far as like all coins i can just write how do you guys if the market reverses bro
if the market reverses if the market reverses hard and like they just turn the crime switch up on everything and this thing comes
back dude like it is a 10x staring you in the face um now with the clarity like so with like
the clarity with the clarity act the clarity bill it's like okay do we because i mean we understand
kind of the uh the the institutions right in the government now are like putting their sticky fingers and everything, you know, and for a tornado to come back, come back in a meaningful way.
I would be pretty surprised. I wouldn't be surprised. I would be shocked.
why i say that is because sure like retail at some point is you know we're probably going to
head back in that direction where you try to you know hide all your transactions all your money on
chain um you filter everything and wash it and yada yada yada uh but for the higher powers that
be to actually allow that to happen i'd be pretty shocked. If you start to see flows pick up in it, I don't see why it can't
be a good trade with obviously Monero popping off right now. Zcash kind of fumbled the bag
with the devs wanting to step away from the project. Whether or not Zcash is better than
Monero, that's a whole other discussion or topic. But we have this conversation. Once you lose momentum, it's really, really, really hard to get it back in the space.
And it seems like they lost some of it.
And you're now seeing people that have generated a bunch of wealth on Zcash wanting to compound that wealth and remove a lot of that risk that is kind of baked into Zcash right now.
And so they're fleeing over, running over to Monero. And it's a great tradecash right now. And so they're, you know, fleeing over, running over to Monero and it's, it's, you know, a great trade as of right now. I'm, I, you know, if you asked me
four months ago, if Monero would have done anything, I would have said, no, I'm, you know,
I'm pretty shocked, honestly, by the price action. But I mean, I get it. You're, you're seeing Trump,
you know, kind of paint, you know, paint the soon to be new Fed chairman into
a corner. There's obviously going to be massive, massive, massive currency debasement for the USD
moving forward. That Fed chair, the future Fed chair is most certainly going to have to
cut rates to appease Trump. We're going to be getting away from the whole data dependent narrative, I would assume.
And with that whole discussion, there then becomes the talk again of hyperinflation,
massive, again, massive currency debasement. If you're not holding assets, your money is probably just going to literally just degrade into the oblivion, right?
Into dust.
So, you know, that's a whole nother discussion.
Thing is, too, is Trump, or not Trump, Powell kind of acted as a stabilizer in the market,
largely, outside of Jackson Hole, where he did a fantastic job of reducing volatility
in the markets. People would go in and there was a big
talks of, oh, the Fed's going to do this, they're going to cut this, they're going to raise this,
yada, yada, yada. Powell's going to say X, Y, Z. And he almost every single time came in there.
And by the end of it, everybody had been lulled to sleep and nobody cared 24
hours later. And he did a great job, like I said, at reducing the volatility within the markets and
bringing certainty into a time which there was not. And this future Fed chair with how Trump
is kind of pinning that person in a corner is flipping that regime on its head as
of right now. And what I mean by that is they're not necessarily wanting to reduce certainty within
the markets. It's their approach is going to be entirely different from the norm in which we've
seen over the past, really since 23. So that's going to be interesting do the markets right now expect for inflation to ramp up in a
meaningful way due to that that's a whole nother question i look at again crypto and crypto just
looks like a piece of garbage on the side of the road that nobody wants to touch and nobody's even
interested in picking up um i remain within the camp You got to get above 92 and I need to see acceptance above
92. Like none of this 24 hour garbage like we saw last week where we got above it for like what
till the middle of Tuesday. And then you were back retesting highs and then you broke back
down below Wednesday. So that's kind of what I want to see
from Bitcoin. Man, hyperliquid showing a lot of weakness. If one of the prior front runners for
the majority of the cycle is now showing that level of weakness, what does that mean for
liquidity conditions? Because hyperliquid has been a great signal for the risk on markets.
When hyperliquid is doing well, generally for the risk on markets when hyperliquid is doing
well generally everything else is doing well or you can at least find things that are doing okay
and you can find some form of appreciation in whatever it is you're building or bidding excuse
me um xrp showing a lot of weakness again another prior runner within the cycle solana retracing
its move today.
It's just like the death of volatility right now in Bitcoin, it seems like.
So I'd love to see volatility within the markets.
I think that there's plenty of opportunities.
There are fantastic short opportunities within this market.
God forbid I say it, but Pepe looks fucking awful.
And then I look at what we've been talking about.
XMR looks fantastic, right?
So I don't know, man.
I don't know.
It's one of those things where I just kind of have alerts on both sides of the market. Whenever I get pinged, I'll look at price.
I'll kind of pay attention lightly for four or five hours.
And usually within that four or five hour time, as of right now, we're trading back within it so it sounds like you want to be a commodities chad bro you just want to
dude i'm on copper right now i i think copper looks fantastic and it's had a great day today
same with silver bro low key low key man like in a doomsday scenario i think people that have been
in crypto for like dude like 12 plus years man they've probably
rotated a lot of those gains and just bought in a lot of like hard assets like gold copper silver
um real estate probably yeah real estate probably a bunch of oil too because bro this entire
industry relies on aws if there's no aws dude there's no exchanges there's no wallets bro like
jeff bezos is kind of satoshi for like probably like 99 of the industry man
um because you're just not going to go back to this like peer-to-peer
uh exchange through obscure websites.
You're just not ever going to go back to that, man.
I've kind of wondered, if AWS goes down for two days,
where do you think, what prices are we going to wake up to, bro?
You know what I'm saying?
Well, if AWS goes down for two whole days,
you probably have bigger things to worry about like will twitter even work you know um aws runs most of the internet right um i mean i was i
was just looking at some of these like privacy transactions i was thinking something i was
looking at some of these privacy coin catch-up plays you know like what about verge like i know
that sounds crazy do you you remember verge? Yeah
They made a deal with uh with p-hub. That's when they talked right like january 2018
Was that was that the uh, that was the money show? Yeah, that was my gosh, naga you really are an inched bro
But uh, yeah, what it was verge I I think XVG was like the top gainer for, uh, for 2017.
Yeah. XVG was like the top gainer. And I think privacy coins are probably going to,
I mean, it's like, it's at like 0.6 of a cent right now. Um, with a market cap of like a hundred million so yeah but why buy that instead of tornado cash
bro i'd rather buy tornado cash because like dude when that website goes up dude you're probably
gonna have a bunch of people using it man i don't care what anybody says man like that thing
as i said like if they flip the crime switch on, dude, and people are able to use the service,
that thing is probably going to go to a billion dollars of market cap.
And they've tried running that back.
I think Monero Chan is trying to do something like that.
But you just have a bunch of these weird Fortnite cabal guys just pumping and dumping it within a small range um i also know there's umbra as well
that launched through metadal um it's just metadal launches are like you still need some
time for them to prove themselves and i think avici is probably like the only one that's uh
that actually has like a use case where like you see the team actually
making money um without dumping tokens i don't think the vc team even has tokens right now
they're not getting that until like certain market caps so anything that launches on chain as far as
like privacy and all that stuff there's usually like an underlying larp um whether
it's things like monero zcash and tornado like you're you kind of already know what the deal is
right um i i really doubt that there's going to be like some on-chain privacy token that
sends giga hard um you might have some things that just trickle back trickle up to the market
but like runs that we saw in previous cycles like tornado and now with zcash and uh monero from like
two cycles ago nah man i think you just have the people pressing the buy button are just
so different now people pressing the buy button think to themselves
hey if if i buy something at like five mil market cap and it's not at like a hundred
within seven days i'm gonna dump it and a lot of these tokens on chain they pico top man the moment they're compared to any other shitter right like the
moment you start seeing like popcat comparisons and weird fractals from coins that have nothing
to do with the new ticker like it's just topped man you should never compare an on chain ticker to anything before that anything at all and i think that's where like
a lot of these tickers peak like if you have something trading at five mil and then it's like
oh the moment it gets up above 10 mil it's gonna send and it's gonna be one gap up to 20 30 mil
that's when it tops man that's when it tops um so i don't know man privacy on chain like
i'd rather just buy some shitter like tornado cash because look at zcash dude it did nothing
for the entire cycle so those are just kind of my thoughts on that feel free to give your
i mean that cash that cash did nothing since it ever launched right like it's it's been a consistent
loser and then suddenly it like retired a couple of people just you know in a week
that's i think that's that's the beauty of this market man um yeah pepe didn't do anything after
it had that correction in the summer of 23.
It was just ranging between like 200 to 400 mil. And then it gapped up by like 15x from February all the way to May.
And that's the beauty of crypto, man.
That is the beauty of crypto.
I think that's why like people love love this market because you're always going
to have that whiff story pepe story four coin story ai16z story like those things aren't probably
ever gonna probably ever ever going to leave um and now like we're seeing that velocity that's
happened on chain to tickers that trade um on centralized exchanges right like
zcash and now monero and like who knows what's next right it'd be funny if they revived polka
dot like that'd just be like the funniest thing ever man um yeah prometheus what are your thoughts
man on like privacy on chain and all that stuff man um do you think
like we're ever going to see like a like a massive runner like we've seen in memes on chain
yeah i mean it would make sense you need obviously some form of liquidity to come back in a meaningful
way but it seems like it's going to be the next new narrative gearing up. And every new narrative always has that, like the first, first mover.
You know, if we look back for like the staking and airdrop farming kind of meta back at the end of 23, you obviously had Tia, that thing freaking crushed. Then you had the beginning of 24 with memes popping off, Pepe going ballistic to the upside,
freaking crushing and everything else that followed thereafter with, you know, memes on chain.
And then obviously with Tia, you know, there's plenty of other names that people were trying to
farm like bear chain and, you know plenty of others and then we go into
towards the middle the end of 24 you have the ai narrative pop off first mover was obviously goat
um after goat you then had your rotations into like ai 16z ray um the list kind of goes on and on and on from there. And then, you know, now in and then in 25,
you know, it's just kind of been a little bit of a sleeper fest. You did have base pop off for a bit
with the whole narrative that, you know, the base token launching and people are farming that airdrop
people still are farming that, you know, hope, hopefully or soon to be airdrop. People still are farming that, you know, hopefully or soon to be airdrop. People think they're going to print off that.
I was a fan of base for a little bit. 2025 was pretty lackluster, I will say.
There were runners, but it wasn't anything like 24 by any means. And as of right now, you know, it's okay, we're in 2026, beginning of 26.
I'd mentioned the space is kind of getting back to that escapism mentality that we were once in,
especially back in 2017. And if we're kind of back in that frame of mind, where maybe Zcash
is the catalyst that privacy needs to really pop off.
Maybe it's not.
Maybe it's going to be something else.
Maybe it's like some big macro news headline event that, I don't know,
something happens and for whatever reason,
everybody in the space runs over and seeks privacy things,
coins or projects or whatever, you know, just crypto related projects.
And you could see you could see it do very, very, very well.
You know, you're going to be probably seeing privacy runners on Solana do very well.
You're going to be seeing privacy runners on base do very well.
If the narrative starts to continue to pick up.
But I will say if Bitcoin nukes, nothing is immune to that. There's going to be things that hold up better than others,
but nothing is immune. Zcash was a little bit of an anomaly where you had, you know,
high timeframe or not high timeframe. You had, yeah, I mean, it was high timeframe pullbacks
and downtrends occurring in Bitcoin.
While Zcash was showing a tremendous amount of relative strength to the market.
And it was very much so like inverse the market.
They were doing something really funding with like spot and funding that had to have been because it was just like Bitcoin was red and that thing was up like 20%.
It just did not make any sense.
But regardless of that, that's a,
that's an anomaly within the market. And what you generally see, if you do see a broader market
pullback is everything else follows. Um, nothing is immune, like I said. So for that to happen on
chain, which I would love because generally it's a fucking great time being able to go on chain
and trade. Like it is such a great time being able to go on chain and trade.
Like it is such a great time staying up late, you know, scrolling through deck screen or texting the boys or girls,
sitting in, you know, the Discord chat, sitting in the Telegram chats.
I'll be honest, bro. I've never, I've never like had an, nevermind.
I shouldn't say that on a recorded space.
Yeah, yeah, yeah. Yeah, I recorded space. Yeah. Yeah. Yeah.
Yeah. I got it.
Yeah.
I got you.
but I mean,
really trading on chain is a,
a tremendous amount of fun,
you know,
you know,
getting the phantom wallet,
right.
Getting a deck screen or mobile app.
And then you're just like copy pasting addresses and trying to hit
like rotation after rotation it's a great time prometheus and and having ksi's music blast in
the background well no no and then also eating some lunch lee dude you know you got to go full
brain rot dude full solana bro brain rot you got do what you gotta do i mean whether you're listening to european hard style uh you're listening to some like anime stuff if that's
your vibe if you're listening to some like heavy metal if you're listening to i don't even know
what else if you're listening to some house music whatever it is that you vibe to uh throwing some
airpods in and trading on chain is so much fun it is just
when things are are running when things are not running it is it's atrocious like it's not fun
at all but when everything's hot it's there's not there's no better time to be in the market in my
opinion yeah i i feel i feel you on that man I really do. I think on-chain is probably going to get lit again, right as Powell leaves, in my opinion. And if the market's going to crater, it has to happen ASAP, bro. It actually needs to happen ASAP.
up um you're getting into that time period where it's like bro it's been 90 days since the top
like you know you have to see a gap down otherwise probably just going to be
a longer version of that crab that we saw in 2024 and bro i remember comparing comparing
if you compare the top right between like 110k of the inauguration and the October top of $126K, $125K, $124K, or something like that,
if you compare those two tops, it's almost the same exact thing as $69K in November of 2021 uh and 74k in march of 2024 and i understand that like you had a huge
bear market in between those two peaks but it's it's it's kind of like that same marginal all-time
high it's an all-time high but it's not really an all-time high and then you just crab around for a long time, right? And I would say, like, 80K is basically that base that we formed at 53, 54K, which was the low for all those months, with the exception of the yen carry trade, when we had that flash crash to, like, what was it, 45, 48, whatever it was.
And in between that chop, you did have some things happen on chain and since
the october top we have had some things on chain i think over the weekend we also had a sender on
bnb that hit like 150 mil or whatever and it's steezy's wife yee, I think. I don't know how to pronounce her name, bro. I don't know how to speak Chinese.
But it's basically like that giggle fund, the charity fund that CZ has,
but it's hers, right?
So it's like a female giggle fund.
And they tokenize it, and it's sent to like 150 mil but i don't really think many people are ever
going to um bridge back to bnb after they saw their friends get incinerated which was honestly
i've never seen that before man like you had the entire market crater and everything on Binance chain went down 90% in a single day.
That doesn't even happen on Solana, man. That kind of stuff has not even happened on Solana.
Like, they want to talk about, like, grape? Like, bruh, that happened on BNB, man.
That happened on BNB, man.
Yeah, that's going to be studied for cycles to come, man.
But, Louis, feel free to give some of your thoughts, man.
How are you seeing the market to start off the week, bro?
What's going on, Wavi? Can you hear me?
Yeah, loud and clear. Loud and clear.
Yeah, I i mean continued equity
strength is very very clear you know we saw all the whole fed debacle uh thing occur last night
equities were selling off hard in the after hours um and then didn't seem to care once the market
opened you'd think that would cause some sort of uncertainty
in the equity markets if the Fed chair is getting,
like Prometheus said,
someone has been stabilizing the market in a way,
issued with something like that.
But showing continued strength, right?
In the equity markets,
all the while crypto still crabbing, still ranging. So I would say if the longer
equities remain this strong, the more likely that the beach ball underwater, that is Bitcoin,
does probably see some relief to the upside. I feel like there's only so long that correlation
cannot really play out. We've seen it play out for the last month and a
half, two months, but eventually those flows will find their way back to Bitcoin and crypto,
in my opinion. The question is when, right? So like seeing things like the Russell, right? Like
you mentioned earlier, Wabi, breaking higher, making another marginally all-time high,
probably breaking higher, making another marginally all time high.
That's historically a risk on indicator for crypto at least, you know, but it's faked
us out a bunch of times over the last two years.
So I'm interested to see how we close the week, right?
It's only Monday.
I'm interested to see how equities actually hold up and hold on to these gains.
If they do, I really don't see why Bitcoin
isn't pushing back towards like 95, 96, 97, even 100K.
So kind of just watching that,
we're kind of stuck in a range,
really hard to trade at least a local price action.
There are some altcoins I'm looking at
that are providing some great swing long setups,
in my opinion. But obviously,
they need Bitcoin to do something here. So starting to lean a little more optimistic as far as
Bitcoin and crypto go, liking some setups I'm seeing out there. But again, that means nothing
if Bitcoin is still just ranging here or is just going to ultimately end up falling off a cliff here because last couple of weeks, I've been expecting, we have a whole bunch of untapped lows on
Bitcoin below us all the way down to like 80K. Historically, Bitcoin does not like to leave
those behind in some sort of macro bottom. So I've been expecting those to get taken out.
I haven't seen it yet, right? I haven't seen it yet. Probably a lot to do with the equity strength we're seeing out there.
So, you know, kind of stuck right now in kind of limbo here.
If equities remain strong, I think we could finally see a pop or a rally with playing.
But if they do stall, I would only think that bitcoin and crypto are
going to fall hard um again so kind of just waiting on that right i feel like every day
i come on here expecting something to change and it really hasn't changed yet um other than like
this major stock indexes um floating into price discovery and melting up here. So
we're going to find out soon, I think, if this melt up in equities is legit or not,
probably in the next week or so. So waiting on that really. Other than that,
not much else to do really. Just eyeing up some potential altcoins that are looking like they're
at value. And if we get that opportunity to hit some longs
and Bitcoin makes up,
I'll be quick on the trigger to allocate to some altcoins.
I feel you on that, man.
And I know we're sort of like trying to be optimistic on Monad
and there's still nothing to do there on chain.
Like there's nothing there that's trading
above a mil which is honestly it's honestly insane dude like why like at this point man like if you
can't at least crime something to like two three mil at the very least and like why would i ever
leave pump why would i leave pump fun no if i'm being for real like why would i ever leave seoul there's
no reason to man there's legitimately no reason to um and you know once monetary policy changes
in a big way with this new fed chair i don't really think people understand the magnitude
of what pump fun can do man um i think what we saw in Q4 of 2024, all those runners on Pump,
whether it was like memes or AI or whatever,
I think that was like a warm-up, man.
That was a warm-up.
When they turn on the 3AC mode is what I'm going to call it,
the Pump Pump will be studied, man. The pump pump will be studied.
Um, and speaking about memes, man, troll, troll looks pretty, pretty nice at value,
like between 20 and 30 mil. That's probably a billion dollar runner. Um, once like everything
starts to get in motion. Um, Ipe of course probably like goes to like 25
bill easily in my opinion but uh josh what's going on bro i i saw you drop off earlier so
i'm gonna pass the mic over to you bud how are you man yo yeah sorry about that brother phone
calls all happened at the time of twitter spaces i I'm like, damn, come talk about it on the Twitter space.
You know what I'm saying?
But no, good to see everybody here.
I heard quite a bit from just everybody just throughout periodically over the space here.
But I think there's a lot of just – everybody just understands the current market conditions we are in with both the liquidity constraints,
we are in with both the liquidity constraints, but as well as the performance of just risk
on assets that while they may seem like they're at the top of their cycle, it's like they're
breaking out of multi-decade structures.
I think it was what Nakamoto was talking about earlier.
And I think this comes from a lot of systematic stress.
I think what you're watching happen and unfold at the Federal Reserve with Jerome Powell
is just bringing more uncertainty back into the markets.
But, you know, more importantly, you're dealing with a giant monetary and fiscal policy shift from the Trump admin here.
And, you know, we're starting to look through polymarket. Polymarket's probably just the best way to stay up with the Supreme Court ruling.
But it does look like the tariffs are going to stay in place here.
like the tariffs are going to stay in place here. But there's so much happening on a global scale
now from a macro perspective, whether it's oil control, it's supply chains, it's Greenland,
it's Venezuela, there's a lot of noise. And so I think what really just matters right now
is everybody should just be asking themselves in the crypto space, what is going to bring retail
back? Because in my opinion, there's like one thing that's primarily been the driving factor of
retail leaving, and it's really been prediction markets.
It's, you know, crypto has become this massive institutionalized ecosystem, which was always
going to be the case.
You know, we went from an industry of saying F you to the feds, get rid of abolish the
Federal Reserve, get rid of the institutions, get rid of BlackRock, get rid of Fidelity,
screw Elizabeth Gorin, screwed Gary Gensler to now, man, I want the
government involved. They're hailing BlackRock. They're hailing Fidelity. They want them here.
They want the adoption. And with that just comes a real economic shift, both from a fundamental
perspective and a technical perspective with your markets. It's no longer a retail front.
And what we've seen from this administration is,
unfortunately, I really, I think everybody in this audience
should be praying the Clarity Act passes
because if the Clarity Act doesn't pass this month,
David Sachs not only failed us,
but the Trump administration failed us
in the sense that we were supposed to get regulatory certainty
for our institutional interest in adoption
so that way U.S.-based companies could start to really innovate again in the U.S. market.
And we're at a point where this has been delayed by Tim Scott and everybody, not necessarily
because of either one side party.
It seems like there's amendments from both fronts.
But ultimately, we're now at a position where if this doesn't get approved this month, I
think you have one more delay. But really, we're getting closer a position where if this doesn't get approved this month, I think you have one more delay.
But really, we're getting closer and closer to midterms.
And we're at a point where you might not get a Clarity Act or certainty in these markets until 2029 after the next midterm election.
So we're almost down to the finish line here.
I'm still very optimistic on the Clarity Act passing.
I think it's going to be incredibly beneficial.
But you have to also realize, like, even once the Clarity Act passes, or if it passes, it might cause a short term spike,
but it's not actually going to be fed into the market for years. I mean, it's just a piece of
paper at that point that's being agreed upon. It doesn't actually, you know, convert directly to
new allocation to 401ks to investments in the ecosystem or retail coming back, it's still a long road ahead
of us. And so, you know, for me, it's just following the liquidity right now, where is the
market, you know, you know, feeling the most demand, I think a lot of crypto investors need to
get rid of maximalism has no longer existed in terms of each ecosystem. I think that's been
pretty much, you pretty much almost completely killed
at this point. There's still obviously maximalism, but there's just maximalism within the altcoin
space, which is gold and these heavy metals are performing better than ever. 2026 is going to be
incredible for IPOs. I think you're going to see the tech sector and the AI sector continue to boom,
especially if you get the Clarity Act. And you're just looking at this
like new age of investments. And it's no longer the bullshit blockchain trilemma spiel that we
got the last 15 years with all these VCs that would go and raise, you know, hundreds of millions
of dollars to launch another L1 or another L2 that was barely faster, barely more decentralized.
barely more decentralized.
Did he cut off for any of you guys?
Yeah.
Yeah, I can't hear it anymore.
Yeah, Josh, you cut off, man.
We're not able to hear you if you're speaking right now.
able to hear you if you're speaking right now oh shit did i cut out completely yeah you've uh
you cut out for like 15 20 seconds man damn what did i cut out on sorry i got like i just looked
out blockchain dilemma vcs raising hundreds of millions oh yeah so my point to that was just
like these vcs are you, used to raise all this money
at the snap of a finger because of just either A, their network or B, you know, the actual
interest in the market.
And now these companies, I think I just heard Wabi talking about this right when I got into
the space is like these ecosystems, while they're raising significant, I know Monad
was a really one of those success stories, raising significant amount of money. Their ecosystems actually have no product that's
producing any revenue or real substantial returns and can't even hold a million dollar market cap.
And that just reflects the current state of the retail market, which I think has been absorbed by
primarily two places or two reasons. Number one is I do really fundamentally think prediction
markets have sucked out a lot of the retail interest.
You see a lot of the traditional ex-mean coiners.
They've either been capitulated out of the market because they held their stupid wolf coin to zero or they – I've switched to prediction markets.
They're interested in call sheet.
They're interested in sports betting.
And you have to move to where the interest is in the market.
And you have to move to where the interest is in the market.
I've been seeing this on Twitter a lot.
I know everybody on this panel has where the head of like algorithms at Twitter has been being targeted because these crypto content creators are saying that crypto is being suppressed on Twitter.
I don't think crypto is being suppressed at all on Twitter.
I think crypto is just fucking boring.
is just fucking boring.
People are exhausted.
People are exhausted.
All the soldiers got taken out
to the woodshed, man, and got their shirts
cleaned out on October 10th.
100% dude.
But like, it's not
just CT that's pissed off with Nikita.
It's like the whole of Twitter
is pissed off with him.
Because he's messing
up, not just CT.
Oh, I agree. I agree.
Most of our algorithms are literally just politics now.
It's like even if you mean for it to be or not to be, it just – I think that goes to where my point was leading, which is people are just going to always move to where the most monetization is.
And that is just nowhere to do with crypto right now.
It has everything to do with politics. They're very monetizable right now. AI is very, very monetizable right now. If you're on
YouTube, AI videos are crushing it better than ever with all these different AI applications,
the app mafia, et cetera. And I think that's just the point we're at is we need to figure out as
an industry, how do we get retail interested back in these products? And it's not about,
I've seen some of these founders.
My favorite ones are like, I don't mean to throw Cardano under the hood here, but like
Charles Hoskinson coming out and begging his users to use DeFi again.
It's like, you can't beg your community to use products that they fucking hate or don't
find useful.
And so that is where I think just in 2026, like I am paying attention to a new era of cryptocurrencies
and chains is I'm not betting on retail. I'm just going to bet on where the institutional interest
is. And I'm also going to focus on investments that may not be in crypto that are just institutionally
focused. And that is tokenization of stable coins. It's look, I think, I think all chains need to
move toward the deflationary economy. There should be no inflation, ultimately relating to
like actual revenue generating products. If these companies are raising hundreds of millions or
billions of dollars, you know, they shouldn't have an inflationary token. Like that's just not
going to benefit any holder in the long term. And so I think that's where I'm at. And I'm happy to
just open up the conversation there because I don't know what you guys have already addressed
in this conversation here today, but it's like crypto is in a pinnacle moment. We're like down against silver at like an all time low, you know, and that has meaning.
It means that, you know, this risk on high end of the curve is not looked at as attractive from the retail front.
Liquidity is starting to open back up, which I do believe is going to benefit retail.
going to benefit retail.
It really comes down to that Clarity Act.
But even moving forward into this year,
don't be those people that expect all of your altcoins
from 2024, 2022, 2021, 2019 to continue to perform
because they may not ever see all-time highs again.
Speaking of altcoins that are going to perform, what do you think about
Like Litecoin
Like I've seen a couple of people
Posting like
Well, you know
If Zedcash
If Zedcash can do it
If Zedcash can do it
If Zedcash can do it Why Zedcash can do it If Zedcash can do it
Why can't Litecoin do it right
And the thing is Litecoin has
The sort of privacy angle
Because they've got mimble wimble
On it the problem is the people who run it
Kind of retarded
They did the founder just say he wishes he never launched it
But that's kind of good though
Because you don't want the founder with big bags
Dude what if Vitalik said that
Would ETH actually
Let's hope not
The thing is
If Vitalik abandons Ethereum
Yeah
No no
If Vitalik abandons ethereum it's
but like you know satoshi light um abandoning litecoin is like not really much of a big deal
because he didn't really contribute much right he just like forked the bitcoin code and multiplied
it by four right like it's literally all it is um but yeah there's he's got a community now it's
got like some a little bit of development and the market's shifting towards privacy i'm just thinking like look we're in an environment right
now where we've seen the market has shown its hand two privacy coins two big privacy coins have
pumped right zed cash it's probably done like the pump was huge monero has pumped from a significantly higher base than zed cash but
nevertheless it has added a lot of market cap um it's probably added about the same amount of
market cap as zed cash actually it's just that zed cash was so much cheaper to begin with so it's
like what do you buy right i mean if you think there's going to be a privacy season what do you buy um i mean i was even i was looking through the privacy like uh coin page what about like
fucking pirate coin and you know like verge and stuff like that i mean like if that's what the
market wants at the moment you know um maybe we should go with it i'm i'm kind of bearish on most
other things though i agree with um you know what the
previous speaker was saying was it louis um was you know basically like a lot of this stuff is
fraud it's it's just like max extract like it's not going anywhere most of the altcoins are going
to zero but you know maybe there's a few that are going to get their day in the sun like Zed Cash and Monero just did.
I think there's also always
going to be metas.
A lot of Zaltcoins are still going
to and have chance at all-time highs too.
I just know that
the days of thinking Solana is going to go to $2,000
you probably shouldn't
be investing at this point.
You're just holding on to a lot of hope.
It's kind of just being... It's just meeting crypto with reality here. It's like the last two
years, you're really, it's like literally every market's outperformed crypto. Retail's completely
been eviscerated. And now it's going, okay, well, what is happening in these markets? What does the
Clarity Act do? The Clarity Act, in my opinion, doesn't really do anything that supports retail.
It just monopolizes these tokenization efforts from these massive institutions to take control over a lot of the middleman policies and insurance companies that interact between every single financial layer.
And so, you know, decentralizing governance for BlackRock doesn't benefit retail.
It just lowers their costs and increase the revenue on all fronts. So, you know, for me, it's going, okay, which ecosystem, obviously,
Ethereum is being built on, Solana is being built on, any single product that probably has ETF is
more or less going to do decently. But you have to really ask yourself, you know, which chains
are going to be the ones that are generating the most revenue off this new tokenization outlook.
And it's, you know, I don't have any answers for that.
I think one to watch and it's not, and I've held it back for this since 2018 or whatever
it was since the ICO, but Polygon is switching all the way to stablecoin revenue.
They're literally going away from ZK rollups.
It's like the ZKs were the talk of the industry two years ago.
And like now all of that time maybe was wasted, maybe it wasn't, maybe it was technological
advancements, whatever it is.
But it just goes to show you that these chains now, they realize it.
It's like if they don't shift towards this institutional interest and cross-border systems
and those pay-fight ecosystems, is they're going to be left in the dust by the people
that do.
I think that's just, that's all I'm saying moving forward. But I agree with you, Nakamura. There's going to be left in the dust uh by the people that do i think that's just
that's all i'm saying moving forward but i agree with you nakamo there's going to be privacy i
don't know if it's going to be privacy booms again maybe that is i think there's going to be another
ai boom like uh once there's a breakthrough on i don't know if any of you guys use like replit or
lovable or clod or any of these platforms but once there's like decentralized autonomous like
deployment mechanisms that tokenize their products,
which we're probably a year from,
I think that's going to be another industry to watch where you can like not be
a coder and in 30 minutes to an hour deploy an app on the app store.
You know, there's a lot of really amazing advancements that are moving forward.
I just think people were moving away from the GM GM shit on Twitter.
I think that's where
people want real information well i i don't think we're moving away from that i think it's just that
like you know that's gonna be it's gonna bubble away it's gonna it's always gonna be there it's
a form of gambling it's just that the industry is kind of you know um maybe not maturing but kind of like brewing in a way like
there are you know there are going to be people doing things in different parts of crypto right
and different parts will pop off at different times i think that's going to be like there are
people people are going to keep launching what does pirate chain chart we had Barry yeah in a comment pirate chain
Geez yeah, I was I was looking at part chain. I was like, you know, there could be some buried treasure
Hearties, you know, repeat that one more time dude
Are the hearties that could be some buried treasure here Oh my gosh man we need a pump
And we need a pump now
Donald Trump if you're hearing us
Please save us Donald Trump
Donald Trump please save us
But yeah I mean like you know
I think if the market
Wants to do a privacy season i mean people
people always talk about you know catch-up trades and sometimes it comes off sometimes it doesn't
um i think if monero had pumped first zed cash would have been an interesting catch-up trade
unfortunately it went the other way around monero was like the one with the big market cap
um but uh yeah i mean like maybe you know the sort of like self-destruction
of meme coins and crappy like vc alt coins is the kind of environment where finally things like
you know litecoin will actually pump because people are like oh you can use this you can
actually like pay for something with litecoin. It's also got a fixed
supply, so it's not going to get infinitely diluted by VCs. And I don't know about some of
the second tier or third tier stuff, like your pirate coins and tornado cash and stuff like that.
I mean, it's probably kind of a little bit hard to buy that stuff nowadays um but uh yeah i mean i i also agree that you know ai and prediction markets and stuff is going to be
a big deal um so on the ai side venice is quite interesting um they've launched a second token
which is usually a bit bearish um you can code up stuff on Claude code. Um, the problem with AI
and crypto is, um, a lot of people, um, can, you know, it's very easy to get an existing AI model
and put it on a website and then attach a crypto coin to it. And, you know, people have already
done that and it's not very useful. The crypto't really adding any value right it's just a way to it just becomes like a way to monetize hype
and people that that sort of works the first couple of times you do it and then you have a
season and everyone does it and you get a million copies and then it's boring and it's shit and it
all dies and i think that's basically where ai is at the moment, where you have a lot of AI cross with crypto projects where they've just taken an AI model and stuck a token on it and tried to shill it to retail.
And there isn't really any point.
It's like, what is the crypto adding?
A lot of people are starting to ask the question, what does crypto add?
Why does this need to be decentralized?
We already have AI, right? You can go to open AI to chat GPT to, you know, Claude from Anthropic and go to
Google. All of that stuff is centralized AI, right? Why do I need it to be decentralized?
What would the decentralization add for me? Right? Are you just trying to flog tokens to people,
right? Which is basically
what's happening. So until somebody sort of figures that out, it's maybe a little bit bearish.
I don't know. Maybe you'll get some stuff will pop just because stuff just always pops. It's
kind of like, you know, just happens. But I mean, for something really big to happen, I think
somebody needs to come up with a reason as to like, oh, this is why we need
a token for this thing. This is why it needs to be decentralized as opposed to like, hey,
you know, I've got an AI app and I want to flog you a token, which has basically been the story
for a lot of things. It's also kind of been the story with DeFi. Like it's 2025 you know defy summer happened like five years ago nearly six now
um sorry it's 2026 so yeah we've we're finished with 2025 so yeah defy summer was like six years
ago um and uh you know all those defy tokens like uni and link and you know all of that stuff do
those tokens do anything has anyone actually ever used a defy token
uh for anything like i don't think so anyone got any ideas about that
wait what was the question i mean is anyone over the last six years has anyone ever used a defy token like an ave token or a link token or a Uni token. Has anyone ever used any of those for anything other than speculation?
So this is the problem, right?
People build something
and they stick a token on it and they sell
the token to retail and they take the money
and that's it.
And the token's just down
only forever.
And it's kind of like
the AI tokens are starting to look a bit like that as
well yeah that's real man that's kind of my my my my thesis if like pump were to outperform like at
least you can like the token actually benefits from stuff right um and activity what do you get
does the pump does the pump token get you revenue
share on people's meme coin launches yeah so basically it's just a bunch of like buybacks and
um based on the fees that occur on pump swap that day and like the actual like pump pump platform
um that's kind of like the whole thing right so it's like imagine if the uniswap fee
fee feature actually got turned on right so yeah it's kind of like what but i mean like at least
at least with something like a monero right if you buy a monero token right you can actually use
that you can like use that to hide your wealth from the tax man, right?
I mean, I know it's kind of, you know, kind of crime, but, like, it's useful, right?
Whereas if you buy an Aave token or a Link token, what the fuck are you going to do with it, right?
The only thing you can do is sell it, and you're probably going to sell it for a lower price.
Yeah, unless you can, like, stake it in Ermeild our Yield but like we've seen that
Turn it yeah yeah
Remember remember what
Foss they made about link staking and then
It was like a complete shit show
What we really need is
ETH ETF staking
Because the
The boomers love some yield
So if that actually goes through
But like okay so you do
so suppose suppose they do etf staking right like what's the p ratio of ethereum at the moment is it
like 500 or something like who's gonna stake that i mean yeah okay sure you know you can you can stake
it you'll get almost no yield at all per per dollar staked. Is that really very exciting to be getting like, you know, one five hundredth of your money every year for staking it?
Yeah, if you don't have to lock it.
But if you do, yeah, I see what you're saying.
It's very volatile.
I get it.
Well, even if you even if you don't have to lock it right.
Like, you know, one five hundredth staking yield is kind of lame and you can get more on just government bonds
The only thing that would make that interesting is if you get a theory and price appreciation
Right. Yeah, because then you're getting the price of price appreciation and staking and you could say well
It's only a little bit of staking but you know, I I mean, if your ETH is going up like fucking 10x,
and you're getting like 0.2% yield, that's nice, right?
Yeah, it doesn't make sense right now,
but obviously, which doesn't seem like to most possible right now,
but if ETH does enter a multi-month rally that's longer than a week or two,
it'll start looking more enticing, you know, so.
Yeah, and I think we have some wins on our backs,
which is basically Trump saying to Powell,
if you don't do Zerp and QE, you're going to prison.
I think that's, oh man, dude, that's a Chad move.
I think that Xi Jinping did something back in the bottom of all markets in May 22,
where he would send any market analyst on TV,
if they were saying anything remotely bearish on the economy and markets,
they would be sent to prison.
So it's almost the same thing in a way right right yeah yeah i like yes investigation yeah but but it's pretty it's
pretty easy man you just turn you just click a few buttons on a computer and you know you make
people a bunch of money and like that's that's basically
it and of course it's not going to work that way right it's probably going to be a multi-month
process and um yeah i think pow leaves in what less than four months and less than four months
so it's not like anything crazy is going to happen uh outside of just like some small volatility but uh
go ahead famous last words not like anything crazy is gonna happen yeah
and then everything happens man yeah i feel like markets man i feel like we've had so many like
negative headline risks like war the fed Fed, you know, all this different, all these different
things go on, going on, like the market's just shaking it off. We just got more tariffs, by the
way, 25 minutes ago. Did we? 25% on any country that does business with Iran. That makes sense.
I feel like people don't really care about that. But yeah, the market's shaking a lot of this off,
a lot of these negative headline risks.
So until anything actually crazy does happen, I mean, I don't know.
We'll see.
Man, that really is ironic, isn't it?
Like no one cares about tariffs anymore.
But if it was last year around this time, the market would crater by 25%.
It's got to be a minimum of a three-digit tariff.
We just don't care.
Why not make it four, man?
Honestly, Trump's kind of a bitch for not doing four, dude.
I'm telling you.
That was one of my recommendations.
That's a really real thing, man.
But is there anything else that you guys want to say before I wrap up here?
We've been going for almost two hours now.
All right. else that you guys want to say before i wrap up here we've been going for like almost two hours now all right okay guys i'm gonna go ahead and wrap up josh naka prometheus louis um i think there were like two other people who came up today man i totally forgot um
wow i actually can't remember like who else was up here today but shout out to all the
speakers thank you guys so much for coming in and uh man shout out to you guys in the audience
there's um usually a slow usually like a slowdown in uh social media activity towards the end in
the beginning of a year and you guys i see a bunch of you regulars on here.
Thank you so much for showing up and talking shop
and for tuning in and all that stuff,
whether you're listening to the recording
or you're here live.
Thank you all so much.
And if this is your first time tuning in
and you enjoyed the last two hours,
close to two hours,
I think we've been streaming for about an hour
and 40 minutes
or so but you guys enjoyed all the discussions that uh were yapped about on here today whether
it was about stratify whether it was about price action narratives tickers or any of that stuff you
want to keep up with what we do here my name is wabi i go live here throughout the week at 3 30
p.m est i'm the host of market talk i'm usually joined by a nice set panel of speakers
and we talk all things markets whether it's trad fi crypto we talk narratives as i said price action
really anything that's tradable news all that stuff we cover it here and uh sometimes we go
off topic and it is what it is that's what makes the show entertaining. So if you want to keep up with what we do here, feel free to not only follow the BecauseBitcoin account and set notifications, but also follow the speakers.
Follow all the speakers up here.
And spaces are recorded, as always, as I stated before.
We also have other free content that you guys can tune into, like our YouTube show called Market Check, which is hosted at hosted at 11 a.m est and that show is also hosted throughout the week so that show is uh primarily
focused on all things charts so if you're interested in that check out that show so we
have free content for anyone that uh that loves to catch up on all things markets whether it's an
audio show whether it's something more uh visual
we have something for you all and for those that are looking for an inner circle community we do
have links to that in our bio featuring multiple channels covering all sectors of the crypto market
and stratify markets we have chats for really anyone that's uh enthusiastic about trading
markets private live streams and all of that good stuff featuring all of our analysts so
if you have any questions in regards to that you can send uh the because bitcoin account or any of
our affiliates like mines which is here on the stage as king wabi and we'll get back to you within
24 hours and you can check out some of our other products like our trading
terminal if you're a bit more advanced in the market link to that is in our bio as well so
we have something for you all we have free content we have premium products whether it's
communities or tools related and we also do strive to be one of the fastest pages
to post market news in real time.
So we have something for you all.
If you're just an average crypto enjoyer, just basic market enjoyer, you can send us a follow.
Give us a follow.
Excuse me.
Same thing with all of our speakers.
And with that being said, guys, God bless you all.
And we'll see you tomorrow at the same time. I want
to give a shout out to my Lord and Savior, Jesus Christ, for giving me another day of Health to
Talk Markets with you all. Thank you, Josh, Naka, Louie, Prometheus, and man, I'm sorry if I'm like
missing the name of like the other speaker that came up here. Apologies for that. But with that
being said, I'll see you all tomorrow at the same time at 3.30 p.m. ESC. Take care, everyone. Have a good rest of your day.
Bye-bye. Take care. .
Insights
P
