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Market Talk - BTC hits 107k!Price discovery soon!? Melt up starting?
Recorded: May 19, 2025 Duration: 1:51:22Space Recording
Short Summary
The crypto market is experiencing a bullish resurgence, with Bitcoin hitting $107,000 and Ethereum reaching new highs. Tokens like Kita are witnessing explosive growth, while discussions indicate a strong sentiment for risk-on assets as the market anticipates significant price movements in the coming weeks.
Full Transcription
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Music
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Music Music Oh ladies and gentlemen welcome back to market talk brought to you by because bitcoin
dear ladies and gentlemen btc about 12 hours ago 15 15 hours ago, hit $107,000 and change.
Roughly about a grand or so from its previous all-time high.
That is insane, guys.
On a weekend, the S&P, about 170 points away from price discovery.
About 170 points away from price discovery.
Earlier today, we hit new, fresh, local highs on the S&P from its bottom that we called out here on this show at $4,800 live on Spaces.
That's insane, guys.
That's insane, guys.
ETH, even ETH hit new highs from its lows at just below 2,800.
Things are about to ramp up in ways we have never even dreamed of.
And I understand, you know, the current sentiment of, hey, we're about to enter the summertime.
Summer isn't usually fruitful.
Well, we can invert that and think on how sentiment was in Q4 of last year, when a lot of people, including myself, were talking about how Q1 of 2025 was going to be legendary.
And it was anything but legendary, at least for the Bulls, right? We kind of had to
pivot a little bit after the inauguration date. But nonetheless, here we are, coming back from a
massive crash where the S&P and the McNasdaq had a massive, unpredictable slide to the downside in six weeks. Ladies and gentlemen,
the VIX went to almost 70, the highest that it's ever gone since the GFC. The VIX went even higher
than it did back in August of last year. And then all markets globally proceeded to melt up.
And now we find ourselves in the same situation.
We have the Fed injecting back into the Treasury market.
And I understand a few guys in suits want to correct everybody on how the optimists are talking about what the Fed is doing,
saying that they're not actually injecting,
they're doing this and that or whatever.
But the price is front-running what the Fed is going to do eventually, right?
So who cares if you're wrong or right,
as long as you're making money, right?
Just want to throw some humor out there.
But nonetheless, guys, I hope you all had a fantastic weekend um and i hope you guys are off to a great start of your
day wherever you are truly i want to thank everyone that's tuning in right now live to the show or uh
listening to the recording hope you guys can can hear me well um yeah i uh had google fiber optic internet
or at&t fiber optic internet one of those things uh to help out with the streams quality and all
that stuff but guys i want to welcome donnie up here i want to welcome prometheus up here shout out to prometheus once again kita continues to blast off into price
discovery this thing is almost at a dollar uh it's trading at almost 300 mil market cap
we call that out here on spaces rather prometheus did here on these spaces when it was trading
at sub 10 mil and you know there's something to say about these markets.
Usually every other quarter you have your new batch of winners.
And since the cycle began, since FTX blew up, you really don't have that many tickers
that trend for more than a quarter or two against majors.
That's the biggest thing, right?
The chart of your altcoins, the chart of our all coins truly is not the
usd pair but it's btc pair that is what tells the story but uh i really don't want to make my
opening introduction that long so i want to pass it over to the panel we're gonna have a great show for you guys things are flashing in these markets
usually only see these things probably once every four years uh this setup looks very reminiscent
to when btc crossed 40k 45k in q3 of 2021 if you guys remember that it was a second leg
of the bull market or perhaps we can compare
it to if you're a believer in extended cycle theories uh with what's going on with the
business cycle and all that perhaps going into the summer of 2017 where eth led kind of relaxed a
little bit and then the broader all coin market went went crazy. And we saw that happen. We've seen that happen over the last week and a half.
ETH has been leading against majors.
You chart ETH against Hype.
You chart ETH against Sui.
Chart ETH against Sol.
ETH is actually leading for the first time since Q1 of last year.
And we all remember the fruitful marking conditions that we all had.
So nonetheless, guys,
if y'all can go ahead and share
some love to the space, as you
guys always do, and for
those that don't know, the best way that you can show
some love to the space is
by clicking the spaces tab, and once
you guys do that, you'll see our
beautiful profile pictures,
and right above that, you'll see a little link
that says x.com
slash i slash spaces you guys are bullish smash up the like button if you guys want to see prices
go extremely high to the point where anyone that's not exposed has dire consequences and risks
of going through financial catastrophe smash up the like button smash up the retweet
button the repost button whatever you want to call it we need to get as much people in here as
possible the people have to know that financial catastrophe is incoming for those that are not
hedged via allocating towards crypto hold at least some btc right if you're not confident in alts hold
yourself some bitcoin hold yourself some hey hold yourself some dow jones even right but
nonetheless guys um i hope you all enjoyed the song that I was playing, by the way, when I started up the spaces.
It's the Superman soundtrack that was playing in the latest Superman trailer.
That song is truly a beautiful one, man.
That movie is going to be fantastic.
And it's actually going to stay true to who Superman is, right?
It's not going to be the stoic superman with no emotions right uh not not
not a diss to henry cavill he definitely has the look but when that when you think of superman you
really just don't think of someone who has the attitude of an angsty emo adolescent kid with no
confidence and cries all the time but either either way, we're going to go ahead
and talk some markets. I'm going to pass it on, as always, to Donnie. So Donnie, brother, every
single week, prices trend higher. We're talking about the melt-up. I'm on my profile, on my
personal profile, trying to warn people that a major move is incoming to these markets and if you're not
doing whatever it takes to be allocated to this market you will perhaps suffer some dire
consequences now there's many things that you know when you think of the crypto market you think of the crypto market, you think of pain, right? The pain of buying high, the pain of not holding.
But the biggest pain of them all is not being fully risked on and not being as allocated as you can be when markets absolutely rage pump to the upside.
That is the biggest pain when you think of crypto.
So, brother, hope your weekend was great
looking forward to the stream and
Yeah, the next hour is gonna be absolutely fantastic
Talking markets with with with the crew in the audience. It's gonna be entertaining. It's gonna be massive
This is an emergency
Bitcoin meeting We are at the cusp of price discovery and what a way to ramp up things across this market by blasting through 110
blasting through 4k on eth over the next couple of weeks when people are conditioned that the
summer is going to be crazy and i even
think there's a huge chance we might even go into price discovery for the bitcoin price
this weekend during memorial day so what are your thoughts man thanks for coming on brother i'm sure
it's going to be fantastic as always hey bro yeah i'm just as fired up as you are, man. Like the market's just been playing out from the low, kind of exactly how we were thinking
it would.
People are still very much offside, worried, scared, all this kind of stuff.
And the backdrop remains the same.
It remains probably as bullish as we've ever seen it.
You've even got, you know, Trump and the administration publicly going out telling you
they're reverting back to the deficit, which is the biggest kind of sign that's in front
of you right now, just saying, hey, risk markets up this year.
You know, you should literally be like taking what they're saying for what it is, because
they have, you know, they have led the market up and down and back up again, exactly to what it is because they've you know they have led the market uh up and down
and back up again exactly to where it is and you know we've been saying they couldn't handle what
they were trying to push through before whether that was just kind of like a playbook to get the
market down and then send it higher or not who knows maybe they were actually trying to go that
aggressive from the start but we knew you know if things continue to get worse and they continue to have that same
uh posturing around you know tariffs and this new playbook it's eventually going to crack right and
they did so you know they're coming out now saying all this kind of stuff which basically is that
inflationary setup that um we've been mentioning of you know back to a large deficit now they want
to continue with uh tax policies a bunch of other uh you know market to a large deficit now they want to continue with uh tax policies
a bunch of other uh you know market positive things to just send this thing flying this year
right and that's the playbook right now so you know i dropped a video last night of scott
bestin literally mentioning that and they're going to try outpace um you know, their debt to GDP ratio by essentially having an economic boom.
So in one way, shape or form, they're literally telling you that this is a risk on market and they're pushing for that and there's no stopping it.
So I don't know if you're like overthinking one hour, four hour, eight hour, 12 hour daily charts.
You're just not seeing the bigger picture. So, you know, even if you have to weather the storm, if you're sideline, you have to
buy the dip now, or, you know, because if you buy it now, you know, you didn't buy the bottom. So
therefore you have a little bit of downside risk, right? I feel like you're eventually going to
capitulate way too late when it feels nice and comfortable, right? Nice and price discovery,
which is just not how you should approach it.
So I don't know.
To me, it's very, very clear from the bottom
how this has incrementally developed
that we're literally going higher this year
and there's nothing you can do about it.
And it's just really exciting to see
because it's even better than I had expected.
I didn't think that they would revert this much back to the default plus more. And the fact that they're openly saying this now in public
is just extremely bullish. Even in the short term, we've got a 90-day pause on these tariffs
and whatnot. And you keep getting these little hints around kind of uh again that playbook that they're running now even just that spur alone i think is going to be a lot higher than people
expect right people are very very very very conservative right now uh and you know the algo
is just feeding bears non-stop and we've just seen this before every breakout every single time the
algo will just feed you bearish news after bearish news. These people just drawing
lines to the downside. They've got absolutely no clue how a market even moves up or down.
It's just insane. And then you get 100 DMs being like, is it over? Is it over? To me,
everything just looks giga bullish. I can't say it any more than that it's insane um but yeah it's super exciting and I think
like you said Wabi I would I would argue pretty strongly like
within it's tricky the timing is always tricky but I would say within within the month of May
there's probably a decent chance of heading to that 115 120k I would actually be more confident in 120K if we actually did quickly scoop 99.5 to 97.5-ish, that area.
A lot of breakout longers, nice little demand zone there,
and a nice retest of that level.
I'm sure it's highly liquid to fill some buys
for a big push-up to like 120K plus
over the next couple of weeks or so.
But I think once you break that high,
you've essentially started the uptrend in the price discovery.
I don't think you're going to mess around at those highs too much.
I think you're headed for higher over June,
and it's going to be a pretty strong uptrend.
So we'll see how this month finishes up,
but everything's looking great to me.
And the playbook just keeps incrementally confirming, right? That's literally what you
wanted. And, you know, there's a whole bunch of other macro stuff that we can talk about that are
also leaning even long term positive, right? Because they're being forced to act, especially
in the treasury market. That's kind of like the main thing now can get a lot deeper into that but essentially you know it's just it's just looking like
that super highly inflationary setup with kind of like a potential for an extended run not even
extended run it's just that we've been delayed so long that it's going to feel like it's extended
we've been delayed so long that it's going to feel like it's extended but just too many things
are lining up man like it's it's crazy to see and you know what better way for uh trump to go
into the midterms than you know economic and market boom and then that's clearly the playbook
so i don't know strap in hold your bags and i think we're literally going vertical
yeah that's something that hasn't happened in a while, where markets are raging in price discovery during a midterm year.
2018, we were melting down.
2022, we were melting down.
2014, markets were actually raging, though.
And crypto was in quite the bear market during that time you know what's what's
crazy donnie is that uh some of the people that like tune into the space whenever i say like what
the treasury is doing right in the most low iq left curve way possible uh there are some people
that said they do you know that mean that says actually with the nerd with like the
glasses and all that stuff and then they post these comments saying like oh check out my long
form thread the fed's not actually doing kiwi and then you just you know explain uh in broader terms
what i stated they're like oh see that's i agree with that that's exactly see, that's, I agree with that. That's exactly what's, that's exactly what's going on.
I told you, I told you.
And it's like, they're just agreeing with what I'm saying, but you explain it, right?
I explain things in a left curve way, straight to the face.
And then you give, you know, a more broader educational explanation of what's going on,
right?
Some of the people are just really nasty even when
we're pumping which just further emphasizes the melt up that's coming right like i remember during
the space that we were holding in february and march where i was saying prices are going to melt
down all coins are going to get destroyed and all you heard was zoom out zoom out zoom out but then
when it's actually time to get extremely bullish a lot of those people unfortunately they blow
their stacks they blow themselves to zero like purposely and you know we've been calling these
emergency spaces over the last six weeks because that's what it is like this is the next
leg up in the cycle we're talking like q3 of 2021 uh we're talking q2 of 2017 right those
second legs of the of a bull market where things really really go absolutely nuts, man. And it's quite astonishing to see,
but that's actually what you need.
People getting blown out as sacrifices.
And, you know, there are people that are trying to, like,
overcomplicate this and say that, you know,
the test of 107K was similar to the november 2021 top and it's
sort of like it's not that's it's not the same like 2021 in november we had the fed saying that
they were going to raise rates cpi started coming in hot um but you know this is truly going to be a hated rally because people
people got blown up and destroyed yeah btc is sniffing stimulus bro i've been saying that from
the bottom and you know it's one of the best forward-looking uh markets in the world it is
It is the best.
the best so you know it can see what's coming a lot of people are smart they're positioning for it
So, you know, it can see what's coming.
A lot of people are smart.
They're positioning for it.
And, you know, I think we're going way higher than people think based off of what's been happening.
Like, honestly, Scott Besson pivoting to this is just if you're not like cut everything else out.
Just hearing that, I was just like, whoa, they're about to turn it up.
It's that simple.
Yeah. they're about to turn it up it's that simple yeah I have a bunch of new people
messaging me about macroeconomics
and about the Japanese
40 year bond
like what the heck
are you on about
that's what you need to go higher
you need literally these algorithms
to feed these people fear
and they just keep capitulating.
And then you shoot up to like 120
and people will be like,
okay, that's a deviation of the high
and now we're going to this point.
Boom, 150.
It's just every time.
It's just so much more than just the chart
and you overthinking all this stuff.
It's literally so much deeper than that.
But then when you hear scott bison say that
you can just fully lift curve it he's giving you the answers in the exam that's pretty much what
just happened yeah and i i think like the next top that's probably going to come in is when like you
know when i post those things where it's like oh the treasury market this and that qe is about to
happen and all that.
Like basically a bunch of bullish propaganda.
And then you just have like a bunch of Bitcoin maxis with the laser eyes,
like act super hostile and talk about this bunch of macro stuff.
And it's like, dude, you say you love BTC, but like you waste your time playing with your balls
on someone's podcast wondering if you should press the buy button on
Coinbase or not. And it's actually that simple. It's buy or sell, no in between, no emotions.
And we all know that Bitcoin over time goes to infinity against pretty much any other asset that's trading right now that trades above a bill plus
in the equity markets especially. Most companies within the stock market really don't make it
after five years. There's a reason why the MAG7 has outperformed most low caps over the last decade plus, really.
And the IWM has struggled for a very, very, very long time.
But IWM, we'll give it some grace.
It does have those periods of outperformance, sometimes for a couple of weeks, sometimes a couple of months.
And that's really the next phase that we want to be looking out for, right,
when IWM actually has another break in going towards price discovery.
But, you know, you're right, man.
People do want to overcomplicate it with Scott Bessett and all that stuff.
When someone says they're essentially saying to go out and buy risk assets, Trump is
telling you to go buy risk assets. They're like, no, I need a bigger explanation. I can't think
for myself. I want a thousand different people to say the same thing in order for me to have some
conviction to both the upside and the downside. And that's what makes this market entertaining,
don't you think, man? There's no other market that has such lively commentary facts literally facts but um again
like as much as you know we're trying to kind of give our viewpoint on the bullish narrative uh
the fact that so many people are just repelling it just adds to you know the playbook here if
everyone was agreeing right now like oh we're going 150 plus just adds to you know the playbook here if everyone was agreeing
right now like oh we're going 150 plus this summer then you know technically you should be worried
there must be something else that we're not seeing but like from the bottom bro from the bottom it
was like recession now q4 is 100 bullish like we were literally talking about that way, way in advance, way in advance,
right? Before even that bottom was even forming. We're talking about how they're pushing this
narrative of recession now, Q4 100% bullish. And it's just the complete opposite. Again,
it's more likely going to be gigasend right now. And as you can see, nobody's accepting that.
To more likely we top out going into Q4, whether it's a local top or cycle top still yet to be determined.
But it's literally been like that since we mentioned it probably late February.
Yeah, man. And I think the most surprising part of this all is just how quickly the equity markets have rallied.
You look at the daily on
the S&P, it is a V-shaped recovery. You look at some stocks like Hoodstock, which once again
is our chosen stock to repeat the NVIDIA story from 2023, the MicroShedgy story from 2024.
That is my personal pick for the year.
It's Robinhood stock for the equity markets.
I think that's the darling baby of the year.
And I guess for those that have been around in markets for a bit longer, it would be the
equivalent to what Tesla stock was in 2020 and the first half of 2021, where everyone
in the equity markets was focused on these singular
names during these times.
But yeah,
Hoodstock has done phenomenal off the low as well,
man.
And that signal, like hood and coin
bouncing pretty aggressively,
people bidding that, it tells you risk
appetite is returning to the market, right?
And then people in disbelief with a rally on the SPX,
literally a V-shaped recovery in like record time,
back to the highs pretty much.
The whole run up,
we were literally on spaces with the TradFi bros
and they were like,
what were they saying?
Some company is like,
they've got a short like 5,300
and they've won 99% of their trades.
What do you think about that, Donnie?
Bro, I literally don't pay attention to that. Yeah, I don't pay attention to that and then they were saying uh retail you know and this was the
narrative that was being spun is retail bought the bottom in record amounts therefore we have
to revisit the load like if there's there's no better narrative than that to keep you sidelined
like that was just such a good one and they were like using that as like you know as a confluence
as to why we need to revisit the low and it just keeps going higher and higher and it was literally
just global liquidity back at all-time high you know pushing into price discovery and you're
having risk renewal via the trump put incrementally confirmed literally risk appetite global liquidity
the two main drivers of the
market whatever percentage you want to give that you know people say it's 60 percent uh the driver
of the market whatever those are the two main important things that we're just telling you that
it's bullish yeah man it kind of sucks that the spaces that we were doing on Friday cut off. I went back inside my building, and then when I came out the elevator,
it just cut off just like that, man.
And we were talking about how the weekend
was going to be insane.
And every weekend has been insane in this market,
in particular, since the S&P bottomed out at 4,800.
And we're not just
talking about a recovery. The S&P rebounded over 1,100 points in five weeks from those lows.
So as we've been saying, whenever you have these insane downturns in the equity markets in such a
quick period amount of time rather than you know the
slow and controlled demolition that happened in 2022 the markets inverse that kind of price action
and far exceed that downside man you usually have these big institutional players rushing in at first
and people want to call it retail because of some website they use
retail does not come in until things are in price discovery man like when the s p is in price
discovery when the nasdaq is in price discovery when bitcoin is in price discovery when you see
you know coinbase going up on the app store things like moonshot gaining back traction the
Robin Hood app gaining traction again in the App Store that is when you know
retail is here right but for the most part we can we can agree that a lot of
them got washed out during the whole Trump coin fiasco with all those memes
popping up all those derivatives and of, the volatility in this market in just two weeks can destroy people to the upside and the downside, right?
Which is kind of why whenever we have these discussions, there are people that start in crypto, but then they get their heads too wrapped around with what's going on in macro and
they kind of lose sight of the bigger picture and there is no greater enemy than yourself when you
try to overthink things uh now what's that term man uh paralysis by over analysis right um you
remember when naka was up here at like 78k when we started bouncing there was like
there was this whole discussion
that was very very very
entertaining man we love Naka
okay but some of the stuff
that
that was discussed
during those lows
were quite entertaining man
but nonetheless man I want to get those lows were quite entertaining, man.
But nonetheless, man, I want to get some thoughts from some of the other speakers.
Evan had his hand up, so we're going to do Evan.
And then Prometheus, who currently right now is surviving a tornado.
I hope he survives, man.
He's throwing up some emojis there.
But Evan, what's going on, man?
I think you tried to speak during last space, but I was wrapping up.
I think it was on Thursday or something like that.
But nonetheless, man, welcome back to the show.
How are you feeling about everything, man?
All good, man.
Yeah, I really appreciate you having me on.
Always great.
Always an honor to speak. know um i'm feeling good man i mean last time i'm looking i was just looking at cnbc and it's like a negative thing from uh jp um obviously jp morgan jamie diamond
and um also ray dalio as well and it's actually it could have been those two names that were
really negative i remember on cnbc at the bottom of S&P 500 or was it Bitcoin?
I don't remember in the end of 2022. And there's also, I think if you look back,
somebody had a YouTube video I watched on it. Paul Tudor Jones as well, I think you said last
week. Okay. I gotcha. I gotcha. Thanks. And then in 2020 as well. So I mean, generally,
not always, they could be right. I mean, it's not always going to be 100% wrong. Anything could
happen. You should never be too determin deterministic but usually this is an area where
you could keep going and when we look at fear and greed when we look at kind of how i chart things
out i mean i think i know some other people are saying 120 you know within the next month
um to two months yeah my kind of my the way i'm mapping out 120k would be you know based on
technical analysis by the end of june would be a good goal for 118 120k you know that general area ETH could be a little bit tougher to say because you have a lot of
momentum on ETH I mean ETH versus Bitcoin looks like a damn good chart right now like that's a
really good chart so I think ETH could be anywhere from 3200 within the next you know end of June
you know next month that area or maybe I mean call me crazy but maybe even up to
4 000 i mean that could really run if you do see you know similar momentum that we do see in
especially bull market years in the four-year cycle if you still believe you know that's relevant
which i uh i definitely do um i wanted to mention i mean the big thing i'm sure you guys have been
talking about i've heard you guys talking about it is you know market or what the monetary policy
what the fed will do and if it's interesting because last year last september you saw the um i believe it was the double rate cut in
september and that kind of part of that is what sometimes the rate cuts go either way you know
sometimes sometimes we think rate cuts are going to help us out and they you know make us dump
throughout history but if it's like last year you saw a lot of altcoins run in quarter four and you
know that was with those
rate cuts. So if you do see that, and it could change, maybe we see the rate cut in July. But
if you do see that rate cut in September, that could be really, you know, what helps out legacy
alts a lot or dinosaur alts, you know, whether you like them or not, you know, because we saw
Ethereum essentially jump, you know, about 100%, was 80%, something like that in the last in the last 30 days about
so i mean don't tell me you know your cardano or you know some of these other alts can't in quarter
four jump two three four x and some of them may be a new all-time highs from that so that's kind
of how i'm mapping it out i mean i think you're typically you always see a summer low we'll
probably see a summer low i would guess j July, August, in all likelihood, probably nothing terrible.
You know, if it goes up to 120K, what would a 20% or 30% correction be?
Let's see on my chart here.
I mean, 20% would bring you back to 95K.
That'd probably be enough fear.
And then we, you know, with that rate cut in September, then we keep coming up and maybe
make new all-time highs and, I mean, get up to 150.
People have talked about 200.
I think that's a little bit too optimistic, but 130, 140, 150.
150 is a huge Fib level.
That's my guess.
Impossible to exactly predict, but that's my guess if you follow the four-year cycle.
And then the last thing I'll say here is, I mean, if Bitcoin get up to 150,
I don't see why ETH can't make a new all-time high and get up to a huge Fib level,
which would be at 7,300.
I mean, it could peak out at 6k if you
follow the four-year cycle the best time to dca out and this has always been the way um since
probably 2013 start to dc out from october and be all the way out at the end of december it's always
that three-month period so yeah i think the uh the 1618 is right now at like 138 137 just like that and and uh from the bottom
from 15k like 15.3 that we hit on thanksgiving in 2022 um i think the 1618 on linear, I don't really pay attention to log.
My only caveat to that is like, we are at the bottom of the business cycle. And we're probably
still going to cut when Powell leaves. And I truly think that in the equity markets next year, you're going to see something like 2014, where we just absolutely rage pump in Q4 during those midterm years.
And I'm sure you remember, Matt, Bitcoin was sliding off a doorknob, falling cataclysmically in Q4 of 2014, while Yellen was pumping money into the system.
2014, while Yellen was pumping money into the system, just take a look. Look at the Nasdaq in
December of 2014 and overlay it against Bitcoin. The Nasdaq was up only, man. And that's just my
dubious take, man. I think equity markets are going to go crazy next year as well. And I wouldn't be shocked to see the S&P above
7,000 in Q4 of next year. I wouldn't be shocked at all. But Matt, did you want to say something?
I saw you came off mute there, brother. Yeah, I think that I'll go back to Donnie's point.
I'll go back to Donnie's point.
Just the right here and right now for this quarter and this year,
I have no idea what bears are looking at.
I have no idea what the doomers are so scared of.
You've got CPI inflation back to 2021 levels and cooling.
You've got unemployment, U.S. labor hanging in strong.
Initial jobless claims had a teeny spike to 225 or 230 initial jobless claims a week, but that's
nothing. That's very average. That's very healthy. The unemployment rate itself had an unexpected
tick down this last month in a report that no one was expecting.
You've got the Trump administration pivoting, capitulating, changing their mind, whatever you want to call it.
But they're definitely going back on all the tariff everyone scare.
they're um they're finding compromises they're finding deals um you know whether you are for it
They're finding compromises.
They're finding deals.
or against it like you have to admit that uh no one's talking about 50 percent tariffs 100 percent
tariffs 300 percent tariffs anymore it's like okay maybe it's a 10 here a 30 there or oh you get an
exemption for exemption for iphones exemption chips, exemption for cars, exemption.
There's all sorts of reasons why companies are still going to knock it out of the park next earnings.
And by the way, this past earnings, they were meeting and beating all across the board too.
So I just, you know, I'm squinting really hard to find something that to be bearish
about um but i i don't i'm not following any of the bear thesis uh that over the weekend uh you
would you would think that this was um a prime opportunity to pump especially for bitcoin but
over the weekend what was trending 84k 84k was trending
over the weekend like you gotta like you know be careful out there and and don't get uh don't get
too excited there's a there's a correction come coming because of i don't know the some popular
accounts were draw were drawing lines and that was good enough that uh matt matt not to interrupt but not to interrupt but there were popular
accounts that thought boden would make a new all-time high this year and in q4 of last year
and now wanted to paint macro fears and we saw that at the bottom we've seen that at the bottom
during huge inflection points we We saw that last month.
We saw that last August.
We saw that when FTX blew up.
You have crypto bros and Bitcoin laser-eyed people turning into macro folks.
They're just spreading fear into people and not making trades.
And then when we go into price discovery, we always see that post, Matt.
We always see this long form post saying,
oh, I'm taking a break.
The last few months have been really rough on me.
I need to take some time to do some inner development work.
And it's like, man, all you had to do was just click a button.
Yeah.
And put the damn phone down.
It's always that damn phone isn't it matt
i i feel like the latest i think i feel the latest bear take and i think donnie spoke on it and
others too but everyone's comparing this to the double top of 2021 now everyone's comparing this
to like oh just you wait you're gonna have have a fake all-time high breakout on Bitcoin.
And then it's just going to be a negative 75% bear market.
Just you wait.
And it's just like, where?
Why?
Just because?
Just because?
I mean, we were watching inflation go from 4% to 5% to 6% to 6.5% throughout 2021.
That was 2021.
Inflation was going up and up and up up we don't see anything like that this year we're like is it is it u.s jobs no is it inflation no is it bad earnings for
uh your company your nasdaq and the s&p 500 companies no is it tariffs no uh that's all
getting like deals are getting signed uh negotiations are being made exemptions
are being given out uh i i just don't see it so i don't know maybe it's just it's a really it's a
really boring summer doldrum and that's and that's something to get bearish about matt it's all the
soft data the soft data i mean it's gotta be really soft. It's like melting ice cubes. No, no.
I don't mean that.
So there's two types of economic data.
There's the hard actual dollar data, and then there's the sentiment data, like the household
survey.
Those things, the Michigan Consumer Sentiment Survey, Ford inflation expectations, all
those are printing record lows.
So the survey data, which is literally like,
they dial up like 150 people and they ask them,
where do you think inflation's going?
Where do you think the job market's going?
That's what I mean when you say soft data,
the soft data is all in the toilet.
And there's a partisan bend too.
Like if you go out and pull Democrats.
Yeah, if you pull Democrats,
the data's in the toilet.
It looks terrible.
Now, I mean, obviously that's not consistent with the hard data.
The hard data shows things are relatively good.
But if you look back historically, and again, if you look back, it's not necessarily always the case.
Different times can call for different reactions.
But historically, the soft data has pretty much always led the hard data.
Yeah, but what, like a year in advance like it's hard for me to get all scared and bearish
just because i agree maybe 2026 is maybe 2026 is a bad year but that's over half a year away
you know like we can be so early as to just be wrong we said this in the last space there's like zero
legitimate reason to be bearish like i don't i don't quite understand it where i disagree with
like the meltdown folks because i think there's plenty of reasons to have a choppy choppy market
no no there's not going to be a choppy market man we've been telling you every single day since the
lows we say uncle joe we need you to well you guys you guys listen just just for the record a
week and a half ago in a space you said we were we're moving to all-time highs like we're yes
we've been stuck in the same range for two weeks now so like no no we we made we made uh i think
we're gonna make actually donnie in a space said he thinks we it's a recorded one about a week and
a half ago he said he thinks that we get to a new all-time high in Bitcoin by the end of June, which is
the choppy market.
I mean, that's pretty reasonable.
I mean, wait a minute, Joe.
That's not a melt-up. That's a choppy market.
You were bearish from the moon.
Joe, I saw you...
Hold on real quick. Joe, I saw
yourself tweet out that, hey,
Bitcoin just made a new all-time
weekly high, which is... That's weekly high which is that's legit like
that's not for sure like i i listen i this morning i picked up uh at the end of uh june you know i'm
biggest trade i put on and like since basically the bottom when i bought the bottom in real time
and tweeted it out i put on a massive position with call options for 610 on spy for the end of june um 627 contracts i picked up
a bold one of them at 550 or 450 contract so i have i have a massive position on the on there
and it's already you know in the black quite a bit here um sounds like you agree then no i mean
six six ten is a three percent move higher by the end of june That's not exactly 7,000 in the S&P. I am very bullish
here. I think stocks, Bitcoin, gold even, I think everything's moving higher. The problem is that
you got a lot of people that own junk. You own a lot of these altcoins, which I think are not
going anywhere this summer. The alt season is not mature. I mean, even look at ETH BTC. ETH BTC still looks like trash.
So like, I think the problem is you have the,
you have to own the right assets.
So, I mean, even if you look at,
and again, these guys are like,
they're fixated on the cycle.
Like, oh, this is what happens in the cycle.
And we see overwhelming indications
that this actually is performing very differently
than any prior cycle in bitcoin's history joe i think the s p gets to 8 000 next year man
i mean i feel like i feel like every cycle has a different flavor i i don't remember any one cycle
repeating a previous one they all have their own distinctive characteristics.
I think it's most different for alts. Bitcoin has kind of held, I mean, it's more delayed,
but Bitcoin had its typical 30% correction that you see in somewhat of the beginning of the
post-halving year. Bitcoin's more normal. Alts are very underperforming, very weird,
but I mean, you could kind of blame monetary policy on it and you know
i mean let's be real alts are kind of becoming more like penny stocks which we know a lot of
them you know as the speculation gets less more institutional you know interest gets into it in
the etfs and stuff more of the big money is going to speculate on eath they're going to speculate
in bitcoin and the other alts that are going to have more, you know, bigger potential of ETFs.
They're not going to speculate on, you know, smaller market caps. And then the other stuff that's hard to predict, Trump with the meme coin and all that stuff.
And that's just unpredictable stuff.
That's just whack.
That's kind of also hurt legacy alts a bit, too, I would say.
You know what?
I mean, big money is actually exiting positions on ETH.
Galaxy sold its entire bag of
eith okay like the notion that big money is going to speculate on eith show me a reliable data point
for that because there isn't any you know what's an altcoin that many people are kind of fading in
legacy it's hyper liquid um on bloomberg some dude in a suit was talking about hype and i personally think hype flips bnb
and uh it's actually one of the few products in crypto you can see
its revenue inflows and outflows and it's outperforming a lot of these uh bigger centralized
exchanges so um get yourself some hype joe get yourself some hype i Joe. Get yourself some hype.
I'm good.
I'm good.
For my DJ, my call options will print way more money than any of that.
So it's like I would rather own call options on Spy, the greatest companies in the world.
I'd rather lever that position.
And I think that's going to print serious cash by the end of the day.
Joe, buy some Collide and Kida, bro.
It'll be just fine.
Collad?
What did you say?
What was that?
Collateralize.
Check out Collat.
I don't even know what that is.
C-O-L-A-T.
Check it out, brother.
It's like collateral but with a K.
I'm just kidding.
I don't know.
Why would I know? on guys so so so kita is like this uh
revolutionary tech where the uh ex google ceo put in like 17 mil uh prometheus called that out
at like five mil market cap it's now trading at like 300 now and um that's pretty much it that's the thesis brother that's
the thesis shout out i mean look shout out to prometheus man what a call what a call well go
i just think there's no there's there's no reason to be i think bearish here i really don't um i
think that we had a huge correction across all asset classes.
You can be optimistic here. It doesn't mean we're going to get a Koosh-style melt-up that
he's been calling for for like three years. It's not the way markets work, especially with
derivative complex in place that tampers volatility. You could see a slow, steady grind
higher across asset classes for the summer, which I think is great.
It's going to be a lot of fun.
Yeah, I think, if anything, people are going to be surprised that we don't have a sell in May and go away in summer doldrums like you saw in 2024, 2023, 2022.
Because of the, to your point, Joe, the massive correction we saw in all markets and in Bitcoin in the spring. That massive deleveraging, liquidations, forced sellers, all the above,
that has cleared out a lot of the money that couldn't take it, people who couldn't hold on.
So I think that the summer move could
be quite unexpected and definitely not bearish bitcoin before the bitcoin conference any sort of
hype or rumor mill or unexpected bullish news you want to be long bitcoin before it not not fading
man isn't the conference now just like a bunch of old people
just gathering around isn't that what the conference is no no no nothing but actually
young ladies actually that's all the only people that come to the bitcoin commerce well yeah
young women joe look under under under 30 that's that's all that allow joe joe look i know i have
long hair but you just called me a young lady.
What's going on here?
You aren't going.
You said you weren't going to go because I challenged you a basketball game,
and you said, oh, I'm not going to go.
So I have to play the gladiator dude in a basketball game.
Yeah, I know.
I couldn't believe it.
Punter Jeff and Larry Lepard, that's my basketball team.
Oh, no.
I predict not a single shot gets thrown
You're going to get punched in the face by Larry
Before anyone even takes the first dribble
I don't think that's going to happen
We're going to have a cordial game
We're going to have a handshake before it begins
Okay
We have Gary on the panel Gary, what's going on man welcome how was your weekend
hey guys just uh yeah my weekend was good it was awesome actually
um really enjoying the what bitcoin's doing here i think it's behaving very very well
um what are you guys talking about?
Really just markets, banter, stuff like that.
Bobby's dubious speculation.
Exactly.
Dubious speculation.
That's what it's called.
I never understood what that means, but I can repeat it.
It sounds good. Didn't Ben uh didn't one of the uh
didn't ben cowan come up with that term i thought it was a clever term actually a nice yep it's a
good liability term right uh joe i mean to say that oh wow that would give you some legal coverage
wouldn't it joe yeah just just like everybody who says this isn't financial advice but then
proceeds to tell people
to buy what is it kleptocracy coin what are you what did you say what was it promedious klepto
oh yeah come on that's another coin it's a whole other asset i'm not buying clap coin okay
yeah clap l3s joe clap l3s oh Joe. Clap L3s. Oh, no.
What that means.
But this is – we joke, we laugh, but this is inevitable.
I mean, the longer the Bitcoin bull market continues, you're going to only see market caps go up.
It is what it is.
After this many cycles, I'm just kind of numb to it. You can't fight it.
It's just natural inevitability.
Does anyone know what happened to Dr. Jeff?
I haven't seen him in like two minutes.
He's on Noster.
He's on the Noster platform because he got offended.
I don't know if you know this, Wabi, but whenever I scroll through my'm getting bumped i can't even open the app in public
because i'm getting bombarded with pornography graphic images all over the place i literally
that's all i i can't even get away from i have to block unsubscribe and like all this crap just
keeps getting pushed at me it's awful it's terrible this app joe i do i do yeah i see zero that joe look i do that i don't know what you're
talking i do that i do that only pushes collapse i do that whenever someone doesn't agree with
the melt up anyone that like expresses pornography no never i've never i've never watched pornography
in my entire life never but i was
saying you know this is a recorded space you realize that right might need to give like a
free cyber security consult because like i i truly see zero that joe and i mean okay well i don't
know what's going on with my twitter's awful there's a whole bunch of larry the part and and
like it's horrible it's just that you can put it you can in the mute the mute
um feature for words is very powerful you can actually mute a whole bunch of forced graphics
how do you do that it's that middle-aged man demographic algo yeah it's got him hooked up on
that middle-aged man oh no never disclose your real life age look Look, Joe, this is what you do, right? You go on my personal profile, and then I'm going to put something on the nest,
and you're going to have to retweet this, all right, just to clean up your algo.
So this is the grand debut of Mr. BB.
It's what you got him doing.
Of Mr. BB, right?
And it says, we should not care where market prices are right now.
Be patient and hodl.
We the people know exactly where they are headed, and it's a lot higher than here.
It's going to be way higher than anyone could have ever dreamed, so we have to dream, and we have to dream big.
Believe me.
Who's that?
Is that supposed to be you?
Is that you in the box? box no no it's it's
it's mr bb i i made it with chad who's mr bb who's mr bb like you know the the symbol we have
for our profile picture right i basically told chad gpt make this into a mascot and he's and he's on stage yelling and there's a Bitcoin
chart going up behind him so he's basically a question about this cuz I
I've been wondering this for years well why did you name the show because Bitcoin
well I don't know I never I never got that like what does that mean it sounds
like an incomplete phrase Joe I have the answers to questions that people don't
even know how to ask um but i've answered this tons and tons of times and you've tweeted about
this tons and tons of times over the last few years um i never got an answer that's what i'm
trying to figure out i know gary wants to know we were in a space over the weekend and i was
talking to fred krueger and he like, why is it called Because Bitcoin?
He was asking.
I don't have an answer.
Who's like Freddy Kruger from Nightmare on the 2?
Yeah, the 80s villain.
Can you tell me what the answer is?
Prometheus, why don't you answer it, man?
I feel like I've answered this question so many times, man.
Bobby, I think you got it down, bro.
You got the script in
your head man come on dude no no no no no because i mean you can understand why it's difficult
because people come in here and they probably think they're going to hear about bitcoin
and hear like you know somebody talk about why they should buy bitcoin and they hear about
you know clap coin and they don't they get really confused uh dude prometheus he's flooding your bags man no joe it's collat joe it's not clap
collat coin collat collateral okay but can you can somebody just answer the question
because i don't know the answer all right so basically
okay what's going on i actually i actually i actually said
the reason why i said the reason why um but i mean if you want me to say the uh the answer again. Basically, because of Bitcoin, we know about markets and all that stuff. We all
started because of Bitcoin, right? We all started buying BTC myself, and I have the receipts and
everything. I started buying BTC in December of 2017. And then through that, I started to
explore more stock markets, altcoins, all that stuff, learning explore more stock markets all coins all that stuff learning about
monetary policy and all that um and it's all because of bitcoin or so effectively because
of bitcoin you guys became shit coiners like what is that what's the shit coiner joe alt
coiners excuse me but what does that mean i just i i literally just click buy and sell
on a piece of code on an exchange or a Dex, and that's it.
I don't call myself a Bitcoiner.
I actually find that term pretty cringe.
Yeah, pejorative.
I get it.
I get it.
It's really weird.
I've met some of these people online, I mean in person, and they're really stuck up.
And they say some of the cringiest things ever i hear i hear
and when you and when you meet them in person it's like you don't know how to look someone in
the eye you don't know how to shake someone's hand properly it's just a fugazi like this whole
like laser-eyed crew thing it's just whack it's fucking weird and i think it's well to really
really it throws people off right like i agree with you you got people like a bunch of
angry old people that got into the space in like 2023 they think they're super cool because they're
on a space and it's like you're over complicating it you throw all these macro things it's like
dude all you do is click a buy or a sell on coinbase. Like, like no one is special because they bought Bitcoin in 2012
when we were still in high school or because they've traded markets for 30 years. Like,
that's what repels people from the space, right? And through these shows, we like to make it
first and foremost entertaining because everyone knows that bitcoin is going to go up over time
against most assets definitely against the stock market definitely against gold but people like
to trade other things like if i just talked about bitcoin this space would only have 80 people
and i would have like the freddy kruger guy uh or michael say or whatever, and we'd just be talking about Satoshis and the
minor situation that you would not be used to argue about.
You think so, huh?
You think if you went to a Bitcoin-only conversation right now, you would lose half your peeps?
Well, if it was just like talking about the same thing over and over, like I understand
talking about markets, which is what we do.
Well, but you guys, I don't think you can just talk about Bitcoin.
See, this is where I would maybe disagree a little bit.
Bitcoin, like, nobody's, I'm not looking at the world stage of economics when I'm talking about XRP.
It has nothing to do with the world markets
right but when i look at bitcoin i have to understand something much broader about the
world than just bitcoin i actually grant said this to me two years ago um he's like hey what
are you doing you know just in these spaces talking about just Bitcoin? It's just not big enough.
And I'm like, what's not big enough is your study of Bitcoin.
And the cool thing, I think I could probably triple the size of this room, man, if we change.
Well, you do, Gary.
If we change.
You already do.
I was going to say, Wabi, you go into Gary's spaces.
He may talk about Bitcoin, but he talks about a ton of stuff.
He talks about personal finance. He talks about your passion. he talks about a ton of stuff. He talks about personal finance.
He talks about your passion.
He talks about how to start businesses.
He talks about taxes.
He talks about government.
I think all of this is really, really important because, you know, one thing that nobody teaches you how to do is what the fuck do you do when you get rich?
Everybody wants to sell you how to get rich, but very few people stay rich.
get rich but very few people stay rich you understand that right like like joe said the
You understand that, right?
other day he's got a lawyer friend of his makes 300 large a year and he just went and bought 150
thousand dollar car man or a ferrari or something three hundred thousand dollar car it's stupid
right most people spend their whole lives in college and becoming brilliant and knowing one field, which is a huge
era today. Actually, it was a huge era for your parents, not so much my parents and me, but your
parents most certainly failed at, you know, 50-year careers and being able to really do well,
just staying in one lane in one industry. The tomorrow, dude, is going to be, how quick can you adapt?
I mean, I have to learn AI now.
I had to learn social media.
You guys, you know, y'all talk about the suits,
but the old man here, I never used Twitter in my life until two years ago.
So imagine now you got a guy like me with a shitload of experience.
Even if I struck out every time for the last 40 years,
I have more experience at the bat than you do.
Right?
And so like if you see guys like me sticking their head in these new marketplaces
and saying, and I'm studying.
And why am I doing that? Because Bitcoin has woken me up, man. So I think it's just interesting because I actually think we waste, I just want to say this while this conversation's come up,
we are wasting a lot of time talking about stuff like some of these tokens okay like what we should do
is just have a degen room and everybody go in there with their bucket of degen shit and we
degen out but when we bring the degen in here see it really confuses what we're doing in my opinion
we're confusing 300 people they They're like, I completely
disagree. Should I buy XRP or should I buy Bitcoin? And nobody sits down and says, excuse me,
but do you own any Bitcoin right now? And like, we literally have people convincing other people
to go buy something. It has nothing where nothing near the product quality of Bitcoin, including, by the way, the Wall Street guys that are pitching Misty and Monster and Bloster and Roster and Bister.
People need to get Bitcoin first.
OK, so I'm not slamming the alt mark.
I'm slamming the education piece that we have the ability to do here
really we have a wonderful opportunity to help a lot of people man um anyway i just thought it
was interesting because i think i think if we really curate these rooms and the topics there'll
be tons of people in here man yeah gary let me touch on that real quick because i think there's
the street goes both ways right and you know what Wabi had discussed with the whole, you know, Bitcoin spaces and Bitcoin focused, you know, led discussions is those conversations. piece are good. But oftentimes where those spaces go awry and why people don't often enjoy listening
to rooms like that is because there's this almost financial nihilism that is discussed in those
spaces specifically. And they go down these rabbit holes of the death of the financial markets and
the financial system. And it's the same narrative we've been hearing about and talking about in those specific
discussions for the better part of a decade now.
And it's nothing new.
And it's not that those aren't important conversations to have.
And I agree with you.
Everybody should have a little bit of Bitcoin at least.
But at the same time, you know, you said that and I think there's this adverse reaction
from specifically the older generation and maybe the suits when it comes to the, you know, DGENs and when it comes to some of these altcoins and whatever it be.
But you really have to look at it as, you know, from a financial independence perspective, a younger kid does not have the financial capabilities to dump his money into Bitcoin.
you know, financial capabilities to dump his money into Bitcoin. Sure, he could DCA in over a long
time, you know, and make it a decent amount of money. But for a true, you know, liftoff and
expansion in their own financial, you know, wealth, they're not going to find that in Bitcoin.
They're not at this point. That's just plain, plain, simple. And I get one sec. And they,
I understand that, that there's, you know, people should have Bitcoin. I understand the use case. I understand what it means for the space. I understand what it means for, you know, for everybody here, for everybody listening.
There's plenty of wealth and opportunity in a lot of these altcoins.
And there's an edge there.
And there's opportunity.
And it shouldn't be this adverse reaction.
It's like when rap first came out.
The older generation, when they first heard rap back in the day, a lot of the conservatives, the older generation, had this massive adverse reaction to rap.
But what it really created was an entire culture.
It created an entire you know way
of thinking right um and if you were able to capitalize on those on that market specifically
which i know you're a person who likes to capitalize on markets there was so much money to be made uh
in just rap and that's one example for instance and i'm not even that big of a rap fan prometheus
do you think it's something similar to that and i said this shit at the bottom in
december of 2022 and prometheus dg and we'll pass it over to you gary after this prometheus do you
think it's kind of like the late 90s mid 90s where tech started outperforming industrials
and the sentiment at that time was like ah dot com's not going to do anything the internet is
just a fad and you had all these like big hedge funds people saying, oh, the phone's not going to be anything.
The printer's not going to be anything.
We have the fax machine, right?
And fast forward seven years later after that, they missed a trade.
And it's all because of ego.
I truly think it's all because of ego.
And everyone that's in this industry sees a trade in front of their eyes.
In 2021, everyone knew, hey hey the fed is printing a shit
ton of money luna is probably going to be the trade of the year right but because of my ego
because i don't like all coins or whatever i'm going to miss out on money right and most of these
alts they're just trades right like it's not something to be attached to same thing with low
cap trades like say in the equity markets we don't know if hood is going to be here in 10 years, but it's a good trade right now.
It is a damn good trade right now. Same thing with coins. They're good trades right now. It's
not something that you take to the grave with. It's really not. The only thing you can take to
the grave saying that's going to be here 10, 20, 30 years from now is Bitcoin. And when I started
doing these shows at the bottom of FTX, I had many people that are
Bitcoin only, apparently, which they're really not, by the way. A lot of these guys, they actually
buy alt. They kind of just cap online in these spaces to grow some sort of identity or whatever.
But that's a discussion for another time. And they were here on these spaces saying that Bitcoin is going to $8,000, $7,000, $6,000, how macro is screwed.
And yet at the same time, a year before that, they were talking about Bitcoin is going to a million dollars because of some chart that Plan B tweeted out.
So the social aspect of this industry, it is entertaining.
But most of the time, it's just put your phone down and just click
the buy button it's it's really that simple and in between you might have some altcoin trades
and it's kind of a shame that like you know people that try to put out some good analysis on trades
they're often talked talked down to right like you know i'll have a time where someone that just buys BTC only likes to troll around and all that stuff.
And it's like, dude, I've been here for eight years, man.
You got in in 22 or 23.
Anything that you're saying right now, I already know.
And it's not to sound cocky or anything, but I feel like in this industry, there's a lack of respect.
There is a huge lack of respect.
And that's why on these shows it's not just about.
You have to excuse me.
I had just gotten a call there.
I'm sorry, guys.
That's why on these shows I don't just talk about markets.
I talk about fitness.
fitness, sometimes we talk about supplements, we talk about what goes on in our daily lives,
Sometimes we talk about supplements.
We talk about what goes on in our daily lives.
Right.
right? And for these shows, I like to make it a bit more personable and not just talk about markets.
People, when they listen to these shows, they like to get to know the person behind the PFP.
And if you're just denominated by what you see in the markets, it's just boring. It's not going
to last a while, and you know i've
tried my best with these shows over the last couple of years and i'm proud of what we've done
i'm grateful to max i'm grateful to tucker tommy jackus edward prometheus um all the other guys
that that uh just joined us we bust our ass and we're consistent and whether people like us or don't like us love
us or hate us we're not going to stop um regardless if we just talk about btc or not or we just talk
equities like we're going to keep doing what we're doing because people enjoy it and that's why these
rooms are the way they are and if people don't like it they don't have to tune in and that's that's that is
the greatness of this space right kind of like crypto it's all decentralized right um you don't
have to take a part of it you could if you want to and it just baffles me that anyone would tune in
to something that they don't like like all right if you don't like it when people are talking about
alts why are you there and it just it's honestly just hilarious. It's kind of mental illness. But regardless, I'll pass it over to Donnie, who's waving. thing, right, is what we're here is for educational purposes, right? And whether it's something that
you understand or don't understand, that's totally okay. But I emphasize to everybody,
if you don't understand something, a topic specifically, whether it be alts, whether it
be Bitcoin, whether it be anything in life, try to, you know, be empathetic in some capacity and
understand that other piece of the pie, that other piece of the puzzle, because there's most likely an opportunity there. And like Wabi was saying, don't let your ego get in the way,
like really try to hone in and understand it. And then if you have complete understanding and you
then still disagree, then sure, that's fine. You know, move on, whatever. You don't have to like
it. Nobody's telling you you have to like it. But the thought that we have to all be BTC maxis, you know, is, in my opinion, a complete farce, right? The most important thing
why people are here in these markets is to make money. And if people are making money,
shame on you for shaming them. Like genuinely speaking, that's the worst thing that you can do
to somebody is for somebody to be trying their hardest and to be making money to change their
life and then to
shame them for it. That makes absolutely no sense. And like I said, there's two ways to the road on
both the altcoin side and the BTC side. If you like Bitcoin and the older generation likes Bitcoin,
they understand it. It's a store of value. You can dump your millions into it and you're going
to be just fine. Great. But what about that just got out of you know high school or college and has no money to his name you think he can really make any
life-changing money off bitcoin i would beg to differ right i would beg to differ that you know
he most likely can't in these markets and because of that that's where altcoins and
alt specifically you know offer that avenue and what i think the older generation fails to do
or the bitcoin maxis fail to do is to really understand the other side of the argument, you know, and that's,
and that to me is like, how are you even arguing? How are you even in a discussion,
an argument between Bitcoin versus altcoins if you don't even understand the other side?
It doesn't make any sense with all due respect, but, you know, that's what we're here for. And
that's why we have these spaces like Wabi said, because you can stack, you know, ultimately, where does the money go back to
it goes back, you know, into Bitcoin, it goes back into, you know, if people need to buy a new car,
whatever, you know, that's the whole point. And the reason why we're here, right, is to is to
essentially change your life or to do something, do something awesome with yourself, essentially.
And that's why people
tune in these spaces so that we can provide an avenue of knowledge and understanding that some
may not be able to provide so that being said i'm gonna get off the soapbox dude we haven't had a
space like this in a while bro i think the last time spaces got like this fiery was in August of 2023 and September, October of 23.
Those were some pretty nice discussions.
I'm not bringing you up, brother.
I've seen you before.
You're not a good person.
But Donnie, what's going on, man?
I saw someone request that he's gotten up here before and has just said the most obscene things. And he was bearish at the lows in 2022, which was like hilarious how someone who has laser eyes was like bearish BTC at the most pivotal point in its history.
But either way, man, Donnie, what's going on, brother?
Now, I was just going to say, like, the younger generation is very quick to adapt just to new things in life.
And the same people that are repelling altcoins
or speaking badly about them,
they were the same people speaking badly about Bitcoin.
It just took them 10 years to capitulate into BTC.
So it's only a matter of time
until they see the opportunity in altcoins as well.
I think it's literally that simple.
The people that are maximalist Bitcoiners at the moment is literally the same people that were very against it uh not too long
ago right so yeah that's all i had to say yeah and and even like even people that were really
early to the space like they had the ethereum trade right in front of their face dude ethereum was fire hot in the
tech space in 2014 2015 vitalik would come down here to miami talk about b talk about btc talk
about eth and the narrative was eth was the the supercomputer or whatever it was and people that
were active in the space had a year and a half to buy ETH at like $2, $3.
And you missed the trade.
Like, it's, it's, it's, I'm baffled.
But at the same time, like, you know, you, you, you, you step back and you realize that
we're all humans, right?
We're all humans.
We're all faulty.
But at the end of the day, we can all collectively agree that we're all here to make money, right?
Even Saillor. And I think at some point, he's probably going to redeem his stack in some form.
There's just really no point in just like buying more and more and more. It's kind of like buying
the S&P in the 40s and 50s and saying you're never going to sell because you believe in America,
right? At least that's where I think Bitcoin is right now.
I think Bitcoin is like post-World War II.
Post-World War II.
But if you're a believer in effective acceleration, ECC, effective
acceleration-alism, I don't know how to pronounce it.
I'm Hispanic, so i like roll my r sometimes
but if you're a believer in that then btc is probably closer to like the late 90s or something
like that right um just depends on how you how you view it but it's either one of those two
so those are really my thoughts man uh but donnie quite quite the exchange of uh of dialect
over the last 20 minutes bro like yeah dog we're here to talk about price not like uh
effective altruism that's the other one it's like whatever sbf was about that that's what it started
to sound like like effective altruism
you know like like bro man these people were bearish btc in like 2017 2016. exactly that's
that was my whole argument is the same people repelling old coins were repelling btc it just
takes them longer to adapt and they will eventually adapt because crypto is you know if you think uh
tomorrow is more digital than today crypto is going to expand further and further and they're going to be forced to adapt.
So, you know, it's just like them not capitalizing on an opportunity early enough, just like
how they didn't capitalize on BTC early enough, I believe.
And bro, it's not like it's not like we don't come on these spaces and literally dissect
Bitcoin better than any other spaces that they attend.
Called the bottom, called many, many tops,
exactly where the price action is headed week to week.
And the narrative too, bro.
And the narrative. And all the narratives, seeing through everything.
They're being bearish on the stock market and BTC,
telling us recession first, Q4 100% bullish.
They're wrong on absolutely everything.
So they should be grateful that they're getting good info.
Tell them, Donnie.
Tell them.
Dude, like.
I didn't get my chance to speak, but it's just insane to hear that.
Yeah, yeah.
And I don't know, bro.
Like, to talk about, like, numbers on spaces, dude.
Like, dude, I remember at the depths of the bear market, these rooms that I would do would barely have like 80, 90 people, man.
And the market was just completely dead.
And you had like all these other big profiles just were one of the earliest ones on Pepe.
Talking about Pepe at like 20 mil, 30 mil, 40 mil market cap.
We nailed all the VC trades.
We nailed Rollbit.
nailed Pepe again in Q1 of 24. And let's not forget the SPX 6900 trade when it had Marat on
Nailed Pepe again in Q1 of 24.
the space, the AI trade, the top of the equity markets, the bottom of the equity markets,
the melt-up, specifically the melt-up. And Matt can attest, right, I went into those rooms that
Sunday night, and I was being yelled at by people with laser eyes and they were talking about BTC going to like 50 K 40 K.
And Mac in the test of that talking about how soul a soul short on 90 bucks is going to be profitable because the price of iPhones was gonna double or triple and
yeah it's like okay boomer that's that's what I have to say dude okay boomer but
nonetheless man I want to move on I want to move on from that it was a good spicy
conversation that was being held for like 20 minutes or so but
matt what's going on brother
um well that was a lot um and i know most of them have already left but i'll just say
i've been coming in here popping in since uh 2022 since since you started this this space this room reoccurring
room and i think the number one reason that i enjoy coming here is because you're just trying
to make money you're just trading you're not trying to tell me the future of finances xrp
you're not trying to tell me why i need to get hyper bulled up on
on ethereum or cardano or how like it's going to replace the banking system or the housing
system like you don't i like that's why i like talking to traders because at your core you don't
believe in any of this shit and that's the take. Like none of these altcoins are going to amount to anything, but in the short term, you're just trying to make money. And I find it really ironic
that Joe was telling us half an hour ago that, look, he's bought short dated S&P 500 calls
that he's hoping to make a lot of money on. But if, but if price goes the wrong way, he's just going to, it's going to be a zero.
It's going to get liquidated on that.
But if you want to trade on altcoins, somehow that's like totally different.
No, it's, it's all just short-term trading.
You're just using a different asset to trade.
You're just like, he wants, he's, he's feeling bullish.
So he wants to buy out the money calls on S&P 500.
You're feeling bullish.
You want to buy a XYZ altcoin.
It's the same trade though.
I gave him SP and I have those sex.
I gave him SPX 6,900 at 25.
And I did not tell.
And I didn't even tell him to sell until it went to a dollar man.
And there are many other like bitcoin people that
also like to dabble on alts and well this is this is my this is my point let me let me land this
part right here wabi this is my my my the one part that annoys me more than anything is so-called
bitcoiners or so-called bitcoin maxis. If you are true to
your word, then you would never tell any other human how to spend their money or how to go make
money. You would never, ever tell someone else that is or isn't okay to go make money on that.
That is being the Bitcoin maxi, but no, they want to tell you that if you're not literally only DCA in Bitcoin and then talking 24-7 only about Bitcoin, somehow, what, you're immoral, impure, your opinion's invalid?
Please. all day long about bitcoin cold wallets we've got another million rooms where you can talk all day long how how it's going to be a bitcoin standard next year and you might as well just sell your
home and leverage it here because what what's what is a property even mean anyway in a year or two
like there's plenty of those spaces there's plenty of those rooms but there's a large population and like you said uh generation z gen alpha there's people uh entering the space today that don't have two
pennies to rub together and they're just trying to make money and i'm not gonna i'm not gonna
sit here on my high horse and tell someone like no you're not a late you're not allowed to make money on I don't know uh mudang
or um you know peanut the squirrel just because it offends me what who am I who the who the f am I
you know well I know who I am brother I'm a handsome man that believes Jesus Christ is Lord.
And I can bench press almost 500 pounds.
So I think I have a good deck of cards.
So it was quite the entertaining show.
I don't take anything personally.
Like when someone calls me like an all-coiner or a shit-coiner, because like this isn't real, right?
Like, yeah, we're talking right now and we're streaming, but it's a different world.
Like after the show is over, we all go back and live our lives.
But some people, they literally terminally disassociate from real life and they get attached to this cyberspace,
right?
Which it is positive whenever it's like a raging bull market, but I'm sorry, but if
you're like 50 plus years old and you like live on this app, you have to reevaluate where
you are in life.
Well, some, I mean, some of those faces two years ago three years ago they
were literally making fun of bitcoiners but today they're a bitcoin maxi to that was to donnie's
point yeah you made that point as well donnie but like you recognize the names you're like
fucker you were making fun of me in 2020 in 2020 and 2021 okay welcome i guess matt you know the craziest part is they won't buy all coins
but they'll buy uh pharma companies they'll buy quantum stocks they'll buy biotech companies that
literally yeah because that's that's different somehow and they believe in it too they you're
right and they believe in it too like that's that's that's the big difference if could just highlight that point, like that's why I enjoy coming in here because I've never
heard anyone try to tell me that Cardano is the future of banking and finance and identity and
whatever in here. You're, you guys are just trying to make a trade and make money. But if you go into
some other spaces, they will absolutely tell you how this quantum AI stock is going to disrupt Apple and Google
and etc. and you better get in.
Yeah, yeah.
I mean, this market is a blessing either way.
God bless them as i said whether like people are a fan of this market or not uh there's a reason why they why their ears are plugged um you know but donnie prometheus
man is there anything else that you guys want to say before I wrap up here?
I think it was a great show, man.
It was entertaining.
There was some banter.
We talked some alpha.
I think stay bullish.
Everything's going up.
Bitcoin's going up.
Broader markets are going up.
S&P 500 is going to go up. Even Russell's going to catch a bid. Best believe altcoins are going to going up. Broader markets are going up. S&P 500 is going to go up.
Even Russell is going to catch a bid.
Best believe altcoins are going to go up.
And if seeing whatever asset going up offends you,
buckle up because 2025 is going to be bullish and all boats are going to rise in this rising tide.
Yeah, and that's why meme coins probably have like another go like i think the conversation that just went on just like
made me super bullish on meme coins again bro wabi you know it's funny too i think that's what
i needed bro like imagine if like pepe blows to like 25 bill Bonk and Whiff make all-time highs.
Farcoin goes to 10 bill.
Can you imagine the cope in those rooms, dude?
Oh, bro.
I think I'm more bullish than ever, dude.
Bro, you know what's funny?
Is RWAs are leading the way too.
Like unironically.
You called it, man.
RWAs are leading the way.
You called it, dude.
You called it, man. man talking about collapse during that consolidation
and that's what makes me bullish on our generation guys like like we just don't give a fuck about like
what the older generation has to say and it's kind of sad because they were our age during the late 90s. You've now become the boomer that says, listen here, sport, that was pointing the finger
at those that were enthusiastic about Amazon and Google in the late 90s.
It's kind of disgusting, honestly.
And it's a large reason why, as of now, I'm not really enthusiastic about going to crypto conferences
i'm just not next cycle though next cycle i think that's going to be like i think that's going to
be a time where conferences are are going to be fun to go to again but for right now i think
the conference kind of stuff needs to cool out.
It needs to cool out a bit.
Too many altcoins raised at ridiculous valuations.
And I think next cycle, a lot of people are going to study the launches of Akita or like a Collat.
You know, fair launch projects are going to study Pepe especially.
Fair launch projects. Launch on study pepe especially fair launch projects
launch on chain or die is what i say launch on chain or die and we also saw the destructive
shit show that ordinals were um my gosh man what what what a thing it matt i'll just say this one
more time you you remember uh remember early last year in 2023,
the laser-eyed people tried saying,
oh, we're going to do the same thing that ETH does.
And it's like, dude, ordinals suck.
It's super complex.
There's no big money behind it.
And there's no hype.
There's no enthusiasm behind it just it's just like a coping
uh like a cope market right let's kind of replicate what east did or what soul's doing
right release shit coins on btc and you didn't really have much going on at all it lasted
the lasted one season or a season and a half, if you want to count what happened in 2024.
But I'm going to wrap it up here, guys.
Donnie, were you going to say something?
No, no, I just accidentally clicked.
Okay, okay.
Well, guys, what an entertaining show.
What a fantastic show.
Ladies and gentlemen, if you enjoyed the stream over the last two hours and you think to yourself, man, I was really entertained by what all these guys had to say.
I tuned in to some bantering between the speakers.
I found out some great alpha from the speakers.
I loved it.
Great vibes and everything.
And you want to keep up?
Feel free to follow all the speakers and feel free to follow that giant yellow square that
says becausebitcoin.com with a yellow checkmark. And feel free to turn on bell notifications.
We're an online financial media company that covers all things crypto markets and equities.
Really global financial markets, right?
We like to talk about anything and everything that's tradable.
And we love, love, love, love to produce live stream content for your viewing or listening convenience.
listening convenience we have a youtube show monday through friday start time is between 11 a.m est
We have a YouTube show Monday through Friday.
and 11 15 a.m est that is our ta show our technical analysis show where we uh use our very
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Show usually lasts for about an hour and a half.
So if you guys are into visual style content, feel free to check that out.
Then our second show of the day is called Market Talk, hosted by me, Wabi, where I'm usually joined by Donnie and a few other set panel of speakers.
And show also lasts between an hour, hour and a half, sometimes a little bit longer,
depending on the subjects that talk about that day, the price action, the people that we have on the panel.
And we talk all things, crypto markets, price action, narratives, dubious speculation and all that stuff.
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this is your show as our spaces are always recorded. Shows hosted Monday through Friday as well at the time that I just stated.
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Sometimes a little bit longer.
So, guys, feel
free to give us a follow. Feel free to follow that
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for about two and a half years now,
so I want to take some time to
once again thank you all who
have been tuning into the show over the last couple of months or if you've been on this
since the very beginning or if you've recently started to tune into our shows tune into our
content over the last uh couple of days or weeks so guys i want to thank you all so very very much and i'm going to put something up on the
nest for you all it's uh our trading terminal bb terminal we are about to update it with a ton of
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Or if you put in code 100KBTC, you'll have 30% off for about six months once again guys
you guys want to check out bb terminal it's our very own custom platform with indicators as I
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So if you guys are looking to get some edge into these markets, feel free to check it out.
It's completely free.
So I'm going to go ahead and sign off now.
I want to thank Donnie for coming up here.
These shows that I've been hosting with him over the last six months have been absolutely insane.
I want to thank Prometheus up here.
Always a great time having him up here.
He's recently joined our team about two months ago and has called out a 2,000% winner.
Absolutely phenomenal.
Feel free to follow him as well.
Feel free to follow Matt.
He's been part of these panels for two and a half years. And also feel free to follow Matt he's been you know part of these panels for two and a half years and also feel free to follow Evan he's a come on the show when he can
over the last two years and of course guys I'm gonna go ahead and put
something up else on the nest in regards to our inner circle alpha group if you
guys are interested in joining a hive mind community that trades all
things markets, whether it's the equity markets,
whether it's a crypto all coins and all that stuff,
we do host private live streams there as well.
We have a private live Q and a with all of our members twice a day.
We have one at nine 15 AM EST.m. EST, 15 minutes before the
New York Open, and then our second stream is in the afternoon at 3.30 p.m. EST. So we have content
that's public and private content that caters to everyone across the world. And of course,
once you sign up to our Inner Circle Discord group, you'll have free access for the entirety of our membership once you sign up.
And if you have any questions in regards to that, feel free to send us a message.
We also have analyst channels where we discuss what we're holding in our portfolios, what we're seeing in the market on a daily basis.
And over the last couple of weeks,
we've called out KIDA at 5 mil market cap.
That was a clean 20 banger from Prometheus.
I personally called out LaunchCoin
for the Discord at 15 mil market cap.
That went up 25x.
And of course, we have Tommy,
an absolute gigaquant who nailed the China trade earlier this year and the short trades of the downside for equities as well.
We have Jackus, an absolute beast, higher time frame trader.
We have Max, who posts some of the best charts that I've ever seen.
And I've been in this industry for about eight years.
We have Tucker, who is also a beast.
And of course, Prometheus, who recently joined us. And we also have Louie, who is also a beast. And of course, Prometheus, who recently joined us.
And we also have Louie, who's also a beast as well. So you guys are into all things trading
and want to join a community. These markets are not the easiest if you're trying to do them alone.
Feel free to check the pinned tweet up above. And also don't forget to follow BB Terminal.
So without further ado, I want to thank you all once again for tuning in.
I know I've said this like three times already, but it is what it is.
But I'm going to go ahead and sign off now and go lift some weights.
I'm going to go do some squats with my spider bar squat, some hack squats, some leg presses, some rows, some hamstring curls,
some seated leg curls, some leg extensions. And that's pretty much it, y'all. That's pretty much
it. So with that being said, we'll see you all tomorrow at 11 a.m. EST for market check. And then, of course, later on that afternoon for
market talk. So once again, guys, take care. God bless you all. And I want to give a shout out to
my Lord, Savior, Jesus Christ, for allowing me another day of health to talk markets with you
all, to talk markets with everyone here on the panel, and for you guys here in the audience.
So whether you like us, don't like us, love us or hate us, I want to thank you.
God bless you.
Seek the face of God.
Seek the kingdom of God first and everything under heaven will be given on to you.
Take care, guys.
Be safe out there.
See you all tomorrow.
Bye bye. Take care, guys. Be safe out there. See you all tomorrow. Bye-bye. Bye-bye. And I'll just pay just a while. And the big fish is just a part of me.
You are what they're feeding on.
So what are you gonna do when the world don't open up?
I do.
So what are you gonna do when the world don't open up?
I do. What are you gonna do when the world's open up?
Ain't it fun?
If there's an obvious world Ain't it fun?
Be it all alone you might be See two, Ignal!
And if I With you, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh Oh, my God. Oh Maybe now you're one of us any fun any fun I love you.
I love you.
I love you.
I love you.
I love you.
I love you. I'm so excited. so
it It's a little bit of a It's a little bit of a It's a little bit of a It's a little bit of a
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