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Market Talk- BTC HITS 98k!! Crypto melt up and coming!? Alt season!?
Recorded: Jan. 14, 2026 Duration: 1:53:01Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the recent surge in Bitcoin and altcoin prices, highlighting trends in market growth and the potential for significant gains as traditional markets also reach new highs. The conversation emphasized the interconnectedness of crypto and traditional finance, with bullish sentiments surrounding key tokens and the overall market outlook.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. . Thank you. Oh Massive flame, we take this full force, it's beating me, that's just going to break your back.
All you fear, all you care, all you fear,
divide it all, divide on me, die in the pain,
hold on, breathe for the pain, die in the water, Stop!
Guys!
That works. Oh, and everywhere. What have you become?
In the world that plays your finger,
we just do it under.
Just grind yourself to your own a savior.
So you carry on.
And all you can.
All you can.
All you can. All you can. you
oh Oh music Thank you. Thank you. Oh, my God. It's the first time here The most common zone I'm Hey I love you. yo what's up y'all matt what's up evan what's up prometheus'all? Matt, what's up? Evan, what's up? Prometheus, I'll send you a speaker invite.
we were talking about crypto eventually catching up to all this uh out performance that the equity
markets and uh that the commodities market specifically precious metals like silver and gold
we're gonna catch up and here we are btc hits 98k fresh year-to-date highs and speaking of new uh fresh year-to-date highs we also have
the japanese stock market the nikkei hitting fresh all-time highs as well and something that i really
want to stress out here some of the things that we mentioned here on these shows just to kind of
set the stage of the conversation right yesterday i mentioned how if you're seeing broader indexes
making new all-time highs with things like the IWM
also making all-time highs, which it did today,
that's indicative of further market outperformance of the upside.
And as far as the S&P and the Q's pulling back, we've seen this trend before.
We saw it over the summertime when crypto was melting up.
If you guys remember, equities were outperforming the crypto market from, I think it was early
May, mid-May, when BTC made a fresh marginal high and then went into a downtrend all the way up until late June, we saw equity markets rip and then crypto outperformed from that period all the way until ETH hit 5000.
And some other time periods were Q4 of 2023.
While the equity markets were pulling back, BTC finally broke out of 30K.
And it wasn't until BTC broke out of 35, 40K right around that area where equity markets caught up.
So we've seen these trends before where one market outperforms the other.
And back to what I was saying, the Nikkei and the broader indexes,
those markets peaked out months before the S&P topped out in 2021, early 2022.
peaked out months before the s p topped out in 2021 early 2022 so i just want to add that little
piece of confluence on chain is heating up you do have um some small micro caps in regards to ai
hitting um new highs ceilings are being raised slowly but surely and um you gotta love to see it man you gotta love to see it monero
hitting um another all-time high that's absolutely remarkable and uh i think on monday we were
mentioning how all right when you start seeing a uh high cap crypto specifically one that's well over $10 billion, it kind of gives the market a huge,
huge risk on signal. And Monero is now trading at a market cap higher than where Pepe topped out.
So you actually do have a substantial amount of money coming into this thing. We also see things like Dash up 50%. That thing has also been on an
absolute tear. PumpFun has also made new, fresh year-to-date highs. I'm extremely bullish on
PumpFun. I don't really care what anybody thinks about them diluting the market, I think holding the token is going to be absolutely fantastic.
If all truly do melt up, that is something that you can size into.
And I think when you compare things to size into, right,
something like an XMR versus Pump,
I think moving forward, Pump Fun probably outperforms monero and um the reason for that
being is that if alts are truly going to melt up right um and you're going to see seoul hit like
200 eth go to 4 000 then you have to ask yourself what would you rather buy would you rather buy
something that's trading at 15 billion in market cap or something that's trading at like, what is it?
Pump is trading at a two bill FDV.
So pump is trading nearly 90% lower in market cap than Monero.
And if everyone's talking about Monero, just as they did with Zcash when zcash was trading at 600 700 bucks then i think
the proof is in the pudding and a huge trade is staring right in front of you and pump is coming
out with a ton of bangers uh their revenue is uh creeping back up to how it was when things were
popping off over the summertime and that's really what i have to say about that, man. But we really need to see Bitcoin cross over 100K and really get the trenches ignited.
And, you know, we were talking about White Whale when it was trading at like 30 mil, 25 mil right around there.
And I was mentioning how, you know, this thing probably is setting a trend for on-chain.
And then we saw XMR just blast through.
And crypto people, they're a funny bunch
man they want to talk about Monero now after it's up multiple hundreds of percentage points
and it's kind of like talking about hood when hood was trading at like 140 150 per share
after it went up like 400 percent after it's april low they want to talk about z
cash when it's up 15x off of its low and it just seems like a majority of ct is always behind
trends and they really only hop on things when it's extremely frothy they don't want to hop into
something like a pump that's down like 70% from the high,
but they want to blast into something
that's in huge, huge price discovery,
trading at a market cap of $13 billion, man.
You got to love to see that, man, I tell you what.
But I do think XMR is going to trade over $1,000, though.
I really do think, but I really don't think anyone is is going to trade over $1,000, though. I really do think.
But I really don't think anyone is early on that trade.
But nonetheless, back to some of the earlier statements, you have the IWM and the Nikkei indexes all trading at all-time highs.
S&P still looks good.
Q still look good.
And I think the last piece of the puzzle, you also had the Eurostox index hitting an all-time high yesterday. Once you start seeing the Qs trading back
at all-time highs, I really do think BTC has a chance at flirting with price discovery.
And just to put things into perspective and how wild some of these other markets have been silver is up over a hundred
percent since late november you're talking about an asset an asset that added trillions to its
market cap in just a few weeks from thanksgiving up until now which is what seven weeks or so
adding trillions to its market cap um dude we also have coins like six seven coin
uh also cards looking tremendous off of uh off of their lows and they remind me of how troll was
shaping up as uh it started to prop it started to prop and curl up uh going into the summer
specifically like early june as btc was pulling back you had some
on-chain coins starting to curl up um you also have tickers like ray on base looking pretty good
off of their lows and i i just think now if you're bullish on alts then you really want to go on
chain and look at charts that are bottoms that have been floored and you're starting to see some volume pop up.
I think you're an idiot if you think sizing into something that has basically been going up only for 48 hours trading at well over 10 bill is a smart idea.
And anyways, I got Matt up here, got Prometheus up here, got mad up here got Prometheus up here got Evan up here uh I see
Pollo in the crowd I don't think Pollo's ever I don't think Pollo's ever uh come into market
talk but I'll send him an invite and uh I'll let some of you guys come up and talk some shop too
if you guys want to talk markets uh we're asking any questions to myself or some of you guys come up and talk some shop too if you guys want to talk markets
uh or ask any questions to myself for the panel you guys are more than free to do so it's a very
exciting day um and as i've said over the last few weeks it's been over three months since the top
it's been over three months since btc topped out6. And typically, if you're a four-year cycle believer, enjoyer, whatever it is that you want to call it,
usually this is when you start seeing the entire market get absolutely gangbanged.
Three months after the 2017 topped, BTC was trading well over 50% below its all-time high.
Three months after the November 2021 top, we were trading at like 38K, which was well over 40% from the 69K top.
from uh the 69k top um and i'm i'm pretty sure three months after the uh november 2013 top uh
mount gox happened and btc just uh got just got taken out to the woodshed and lost its shirt and
perhaps people got too ahead in front of their skis, as Prometheus says.
But I'll tell you what, man.
I went to Denny's, and I had a smokehouse mac and cheese skillet, and it was great.
But after I finished it, I had to use the Denny's bathroom.
And I never wished that fate on anyone.
On anyone.
Not even my worst enemy.
But I also had four turkey bacon strips.
They had no biscuits.
And even worse, they had no ice cream.
So it was a Denny's that was unpatriotic. If you go to a Denny's and there's no ice cream, that is an unpatriotic Denny's.
But nonetheless, my experience was probably like a 7 out of 10.
That was in the morning.
And then I went to sleep.
It was a long night.
It is what it is.
And I ended it with Denny's.
And here we are.
New highs.
So we're going to go ahead and get started.
We're going to cook for you guys.
You guys can go ahead and show some love to the space.
You guys already know what to do.
Just click the little spaces tab.
Once you guys do that, you'll uh that link above our profile pictures that
says x.com slash i slash spaces just hit the like button hit the repost retweet button whatever it
is you want to call it helps bring the show more out into the algorithm and all that good stuff
spaces are recorded guys and uh i want to welcome you all back to market talk brought to you by bb
my name's wabi and uh we're gonna go ahead and yap
about markets so i'm gonna pass it on over to matt matt brother yes you can start off man like
mstr new year to date highs okay blasting iwm continues to trickle up. We look at the IWM and man, this low key looks like
the NASDAQ when it actually broke out to new all-time highs in, what was it, 2013, 2014,
after being suppressed
for over a decade
and we look at something like the IWM
dude the IWM is
breaking out after a
5 year range it has been
5 years since
the IWM stopped
that massive out performance
against MegaCapTech
you know what's crazy
IWM is barely seven eight percent higher than it's
2021 all-time high yeah that's that's i mean it's it's been on a rip absolutely it's been on a tear
but it's barely eight percent above 21 and and and and not i forgot to mention this, but Trump yesterday said word for word that today marks the start of the new Trump economic boom.
And man, I'm telling you, Matt, like if this was going to be a bad midterm year as 2022 was as 28.
I mean, 2018 wasn't really bad man tech ripped until the summertime
but what i'm saying is like i think people are they're using they're using things like 2022
and 2014 for crypto to kind of to kind of mark out their year right and i think they're they're
refusing to see how this year has different
details like this year is not the same yes and yeah and and and crypto is now integrated within
uh within trad fi so it's like if you're bearish btc then you're bearish on the index and 2018 i i
really want to remind people 2018 you had the nasDAQ rip absolute face all the way up until early September.
And that drawdown that lasted where the S&P and the Qs drew down like 22%, it only lasted like two and a half months, man.
And in a Trump market, all it takes is one tweet to move the market in any direction.
Trump posted on Truth Social at the start of the year, new all-time highs.
And the moment the market opened up, the S&P shot up to almost 7,000.
So if we just take 2018 for what it's worth, right, in crypto, the crypto market imploded because you had all of these Ponzi schemes like BitConnect and Hashflare.
Remember all the Bitcoin cloud mining companies?
Yeah.
Too many names to list.
Yes, you had tens of billions worth of BTC locked up in these Ponzi schemes.
Yes.
And all the ICOs like EOS, Substratum, they were all dumping their BTC and ETH within weeks after BitConnect went under. BTC hit 6,000 in February of 2018 and the only
reason why we hit 3,000 is, remember
you had the
what was it? The mining
wars, right? You had the mining wars
with Craig Wright and
Gihan Wu. They were
literally... The cash, yeah, the pork wars.
Pork wars. They were telling
people, we're going to dump the market.
We are going to nuke all of our BTC.
And, you know, BTC went down 50% in, what was it, like three weeks from November to December of 2018.
And you don't have that right now.
Like, you don't have an entity that is going to just nuke all their BTC.
You already had all of the treasury companies dump all their soul.
They dumped all their shitters.
They dumped all their BTC.
Nobody cares about Tom Lee.
He's no longer a main character.
You don't have Sailor buying a bunch of BTC and all that stuff.
He's not really going on interviews.
So you're actually starting to see. He's stacking, but you're right. He's not. He's not really going on interviews. So you're actually starting to see...
He's stacking, but you're right.
He's no attention.
He's not on CNBC, but
MSTR is absolutely stacking
heavy in this pullback.
To your point.
Yeah.
But I think where it's different...
Sure. Where I think
we're different is
number one, no one is going out of business with Bitcoin back in the 80s and the 90s.
That's the biggest difference.
That's point number one.
or 2020, or even 2022, the bodies only started floating to the surface after negative 50,
negative 60, negative 70% capitulation on Bitcoin price. I mean, even if we count from the very
tippy top in October to the very bottom in late November, it was only negative 36% briefly.
So that's a major correction, but we see these once a year in Bitcoin land.
So no one's out of business.
No one's going under, at least no one of size, with that kind of pullback.
So that's number one.
I think that's why we're seeing no repeat of – we're not testing those levels back before New Year's, period.
We've just been consolidating sideways and now looking like a healthy breakout.
And then bigger picture, we were talking about this in depth yesterday, Yumi Prometheus.
I think this Trump administration, different than last time back in 2018, I truly think this Trump administration has made it very clear to
all its departments and bureaus, especially the Bureau of Labor Statistics, that they will not
be blindsided by bad news. In fact, maybe they need to nudge, nudge, wink, wink, but make sure
that the jobs data and CPI data that they report are in line with this administration's messaging.
And, you know, maybe it's just light massaging of the numbers.
I'm not accusing them of flat out making them up.
But, you know, we just saw not one but two CPI reports of 2.6%. But it's off of, I'm not going to get into the whole weeds,
but that data is problematic because it assumes that there was no price increases during the
October, November government shutdown. They basically just said, well, we have to fill in
the data somewhere. We're not doing any of our surveys. So we're just going to say no prices
increased on anything from October into November back in 2025. So what that does is it throws
off all of your CPI readings for the next couple of months afterwards, it throws them completely
off. So no, we didn't really drop from like low 3% all the way down to 2.6. There's a reason for
it. But you know what? At the end of the day, CNBC, Bloomberg, your regular Joe investors,
your asset allocators, they don't care. All they care about is what the
headline says. Oh, unemployment went down by 0.1%. Great. Bid everything. Oh, CPI cooled not one,
but two months in a row. Great. Bid everything. As long as that keeps becoming the headlines,
bid everything. As long as that keeps becoming the headlines, people, big money and small,
will keep putting money to work. So, I mean, we can get upset by that. We can roll our eyes at
that. But you just have to play the hand you're dealt. And what this all ends up being is asset prices going higher, whether you're talking the broad indexes, S&P 500, NASDAQ, Russell, like you said, Russell making new all-time highs over new all-time highs.
have sniffed this all out. I think gold and silver are calling bullshit on this whole thing.
Like, yeah, we don't believe any of that. And that's why you keep seeing, like silver puts in
new all-time highs every four hours, basically. And gold is showing no signs of weakness.
It's got a date with 4,700 probably before February.
I would not be surprised if gold punches a hole through 4,700 within the next couple of weeks here.
And then on it, it'll go.
That's not like it's going to stop there either. So until we actually have a catalyst that can put a real damper on animal spirits out there,
everything is going to go higher for the short, medium term. And we're seeing that in Bitcoin.
Bitcoin finally off of the mat. I remember a couple of weeks ago back over the holidays, we were talking, hey, Bitcoin's not really doing anything.
It's stuck here in the low to mid 80s.
And I said, you know, honestly, this has been healthy multi-month consolidation.
I think it can easily float up to 96K.
And the only thing we have to worry about is jobs data.
And last week, jobs data was reported good.
We can believe those numbers.
We can take them with a huge grain of salt.
We can be very skeptical of it, but the number is the number.
And again, going to my earlier point, at the end of the day,
TradFi and big money, all they care about is that it's a bullish headline and they can get all of their clients to bid and put money to work.
And so up we go.
So what's next?
What can we look to going forward here?
Well, the biggest, biggest catalyst is less than two weeks away.
We're in the middle of earnings season we
already have um we already have banks reporting so far so good but you name it from google apple
microsoft amazon you know you uh uh tsm uh taiwan semiconductor literally reports tomorrow the
market will absolutely pay big attention to that
that's that's ai that's tech that's mag 7 that's everything so tsm reporting tomorrow uh will will
be huge and then yeah meta broadcom tesla of course all the biggest companies the names you
know you probably have you probably own a lot of their products. Like they all report within the next two, some of them three weeks here,
with NVIDIA last as a cherry on top.
But that's the only, that's the big catalyst coming forward.
Yeah, there's another jobs report in early February.
But when these companies report, that's when we'll know, okay,
everything's good in TradFi and Macroland. The biggest and the
best companies, okay, they justified their margins once again. They showed their profitability once
again. They're piling money into AI, but they got the cash flow to do it once again. That's where we
get reassurance across everything. And I think if it comes in like the bulls want it to,
that's exactly the catalyst that punches a hole through $7,000 S&P 500. That's absolutely the
catalyst that can get Bitcoin back into six digits. That's absolutely the catalyst that
gets NASDAQ out of this tight range. NASDAQ hasn't made a new all-time high since late October as well.
It's bouncing, it's bouncing,
but NASDAQ composite is absolutely a good barometer for the overall economy.
It's not your best of the best 500 companies like S&P 500,
and it's not your 2,000 dog shit like Russell.
It's just the composite of almost everything, NASDAQ.
And NASDAQ has been consolidating, again, for over three months, all the way back to late October.
And so, I mean, if this has the right catalyst to break out, I mean, yeah, you could justify all sorts of numbers for the middle and back half of 2026.
But this is what's exciting.
So we've got right now the daily headline of, oh, Trump and Jerome Power going at it.
Oh, SCOTUS delayed their ruling on tariffs.
These are like, yeah, little cute little intraday, intay week headlines, but don't miss the forest for the trees.
The big daddy is earning season,
and it's happening quick with TSM literally tomorrow.
That's real, man.
There's also tickers within the crypto market like ICP that look pretty good.
Maybe that has its debt of cash moment.
And as far as the Trump administration, I think they're going to gas this like the Clinton administration did in 1998.
I think you're going to have the Republican version of what Clinton did in the late 90s, which, in my opinion, still remains the greatest stock market rally in history.
Like, that beats Obama.
That definitely beat Reagan, even though Reagan was, like, the one that actually started the tech boom during his second administration before Bush Sr. took over.
Yeah, that's why I think we all got familiar with Taco last year.
I think Taco was in full effect.
You want it like whatever the market wants to go higher.
I think that's going to end up being the decision every time.
And so, yeah, I agree with you. I think this administration has made it very clear to all its departments and bureaus that like, hey, we're reporting good news only. And if you dare, you know, go against the grain, you better have a great justification and explanation for it. I mean,
come on, actions speak louder than words, right? And Trump has already replaced not one, but two heads of the Bureau of Labor Statistics. So you think that anything coming out of the BLS is going
to be bad news? Probably not. Probably not. So again, so the only thing that is out of his control is
what if a small majority or even a large majority of companies start missing earnings,
tanking expectations? That's the only thing that he can't massage the numbers and this it may is and this administration can't
hide behind the curtain you know uh typically we have the mag 7 or the top 10 usually they go like
eight eight out of ten nine out of ten uh the only company that missed maybe is tesla like that
that's that that's kind of our barometer so like'll see. We'll have like, oh, nice. S&P 500 so far is
projecting 80% are meeting and beating expectations. MAG 7 or the top 10 market caps,
they're 8 out of 10 or 9 out of 10 have posted beats, then great. Then off the races we go,
no worries, no fear.
We're definitely going to sit up and pay attention, though,
if we get like 5 out of 10, 4 out of 10.
That'll be something to pay attention to.
But it's only just starting.
We haven't even gotten the first one.
We haven't even gotten the first one.
TSM's tomorrow, and we'll see.
Matt, and something else to note is that you usually know how Q1 is going to end
with the volatility that we have going into February,
and Q1 is indicative of how Q4 is going to be.
Q1 is indicative of how Q4 is going to be.
That's one trend that we can't ignore.
If you're not in markets right now and you want to wait for...
If you're in crypto land and you want to wait for Seoul to be above $180, $190, ETH above $4K,
and you're waiting for true risk risk on um just wait till like
how to see how q1 ends and who knows maybe we have like a little retail bubble sometime in q4
like q4 is always when people get their bonuses they get a salary increase all that stuff um
that's genuinely when people want to buy shit, right?
Like people also buy stocks to gift people, don't they?
You know?
Yeah, but the danger of waiting though, I mean, as we know, like when there's ambiguity out there, when there's some doubt, when it's a 50-50 and bulls and bears are fighting for control over the narrative,
those are the best prices.
I'm looking at Soul right now.
I don't own any Soul.
It doesn't do anything for me.
I don't plan on buying it.
But right now, looking at it, that's a breakout.
That's a multi-month consolidation it tested
its bottom multiple times and now it broke out of its range that's a breakout and i see breakouts
everywhere like all the all my favorite bitcoin uh bitcoin companies and ai stocks uh everywhere like mstr obviously but iron cypher clean spark you name it um um i uh if you're
bullish this space wabi like i heard you talk about robin hood like now is the time to start
seriously building a robin hood position yeah you've been saying hey i agree with you it's got
a date with one trillion dollar market cap
it really does yeah and it's a hundred it's a hundred billion right now so like are does anyone
want to 10x their money in three to five years like robin hood is is easily that rocket ship
easily yeah yeah um and i think short term again i'm just talking short term here I think short term yeah sure
I think short term pump can do something what a hood did last year if crypto is really gonna go
crazy and specifically like you need the cues to go into price discovery in my opinion, I think that's like the final thing that has to happen for the broader crypto market to go crazy.
And specifically, Bitcoin to go above like $104K, $103K, in my opinion.
It could happen without it.
But I'm just saying like when the Q is going to price discovery, like you have to kind of think, all right, like, crypto is actually going to go full bull.
Because now you have people that, whatever, they turned bearish at $116K, like, near the top or whatever.
They've been right, blah, blah, blah.
But if you actually think about it, Matt, since December, when we put in that $80 80k higher low they've been fucking wrong dude like
they have been wrong like you are what where is your invalidation btc is up over 20 percent
from the 80k low that that's what i want to stress here right now for me personally okay i was a bit
cautious at 80k but i don't I don't really care about majors.
My whole thing is on-chain, and I was like, all right, if BTC is just going to do nothing but range here between,
remember that first range, 82 to 84K after we hit 80?
If BTC is not going to do anything, you might as well start paying attention to on chain but now btc is firmly and i mean firmly broke out
of that 93k local high that we kept rejecting from yep in december and again it's up over 20
percent above the uh that higher low and if you're a bear dude like
yeah i don't know what have you been doing yeah what have you been doing lately?
I think the bears are sweating now because, again, I don't think the Trump administration
is going to allow their federal agencies to report anything too bearish.
So you're not going to get any favors from the Trump administration. I don't think, you know, at the end of the day, like this Jerome Powell Trump drama, like the Supreme Court tariffs drama, like none of that is enough to tank markets or get you a new lower low.
So you're not going to get any favors from the Trump administration.
or get you a new lower low.
So now you're putting all your eggs in the basket of like,
well, maybe earnings will be a disaster.
Well, you could take that bet for years.
You can try to make that bet and take that chance
every single earnings season, every single year.
And good luck with that without any like, any, like, you know, where's your catalyst?
Where's your justification?
Is it like, so, yeah, I think we go, I think we can go higher.
And if things play out nicely for us, Bitcoin back to six digits.
Do you think the four-year cycle is over, man, now that we're seeing some of this stuff
play out? I'm just talking price action, man. I'm just talking prices. Even if we compare alts,
like if we look at Solana, you can say this cycle for Sol was its Ethereum 2017 cycle,
where a lot of the altcoin activity in the market was because of Sol. Just as the 2017 cycle, right, where a lot of the altcoin activity in the market was because of Sol. Just as the
2017 cycle, a lot of that price action from alts was because of the Ethereum narrative,
the ERC-20 token standard, right? Build on Ethereum, build on Ethereum, ICOs. And Pump
Fund was basically an ICO platform where things went to billions. And if you look at Sol, right, just from a drawdown perspective, it's down 50%, right?
And three months after, again, I'm using this based off of time, because time in crypto,
like, there's a lot of alpha in that and three months after uh three months after the eath top in january 2018
eath was absolutely crushed man i think eath was trading at like 400 bucks so you're talking like
minus 70 correction and i think seoul was actually peaked below where ETH topped out,
like just below where ETH topped out.
So just for the altcoin space,
like Seoul would have to be trading at sub $100.
Now, if we actually had some bearish momentum
and we actually look like we're in an uptrend,
like I think the alpha is slowly starting to become year to date.
Like, don't get bearish unless we break the yearly open, I would say.
I would say.
That's like from here to mid-February.
Yearly open is 87, right?
or 80 yeah 87 ish yeah yeah if we start trading below the yearly open and we put like a weekly
Yeah, 87-ish.
Yeah, yeah.
close um if we put more than like one weekly closed below the yearly open all right like
that may maybe start expressing some caution but again you have the naki in price discovery, Euro stock index, um, made, uh, an all time high yesterday.
So I don't know, man. Yeah, I think so. Uh, I know, I know everyone's trying to declare the
four year cycle dead or confirmed. And I think the only way we know is we have to go past October, 2026
with Bitcoin price above, let's just call it 125, 126K. Like Bitcoin has to close above
because that's the definition of the Bitcoin four-year cycle. It's supposed to be three green years and one red year. Well, if we close 2026 or October. But like, I mean, the letter of the law, like the pure definition is we need to be above 125, 126 when October 2026 ends.
And then you can say, yeah, that old cycle narrative is truly put to rest.
is truly put to rest.
But like,
first things first,
like,
Hey,
there's a lot of exciting bullish catalysts that could really break our way
in the next two weeks.
And Bitcoin could get its head back into the six digits.
You know,
we'll worry.
I'm not even,
I'm not worried about all time high at all.
I want to see,
I want to make sure that this rally isn't gazing.
Damn, dude, that's a, that's a mean dog.
That's a strong dog, bro.
He's a good security pup.
Jeez, dude, what breed is it?
He's kind of a super mutt.
He's got Shepard and Rottweiler and Mastiff.
And he's, I mean, he's, he's, he's got bigger muscles than I do.
So, you know, he's a good boy.
Where's the, where's the Bitcoin conference this year, man?
Are they going back to Vegas?
I haven't heard one word about it.
It's Vegas again.
I don't know. I think they vegas again i don't know i
think they gave the i don't know if you guys heard they gave the tickets for free this time
what yeah you guys wow you guys aren't into the bitcoin conference too much yeah like if you yeah
they gave it i don't know i think it closed up to get it for free um but yeah it was so bizarre
like right after like at the last day of the one in vegas um last year 2025 they sent like an email to everybody
and said like you claim your free ticket or whatever but it was for everybody so
hey weird i don't know i don't know did anybody hear about that no man i i'm looking at the site
now they gotta bring it back to miami dude i'm sorry like this whole like Vegas and Nashville out of all things, dude, Nashville's like
a city where like people that are experiencing middle-aged crises want to feel young again.
No, no.
Nashville.
I mean, hey, you've got a you've got a bachelorette party.
Nashville is your town.
But isn't isn't that like a midlife crisis?
Like, oh, I'm about to marry someone I don't want to marry.
No, no, no.
It's super popular with the 20-year-olds and the 30-year-olds for getting married.
Like, yeah.
I don't know.
It takes all comers.
I know you would prefer just to stay home but
yeah miami's undefeated for like these kind of events man yeah it's it's it's undefeated and
like it's a lot easier to tell like who not to talk to if an event is in miami um i loved my
i mean that was great wabiabi. That was so good.
And then it's always a lot better,
man.
Price action was way better.
Well,
it was also hilarious.
Like no offense,
but sometimes we have,
you know,
we've got a few basement dwellers in,
in Bitcoin and crypto land.
I'm just going to say it.
We got it.
Not everyone's,
you know,
eating red meat and lifting heavy.
We got some basement dwellers.
It is really funny seeing them out in the elements in Miami in mid to late spring,
and they're sweating bullets, and somehow they're already sunburned.
You just got off the airplane.
What the hell?
Yeah, and they dread talking to a female, which is like ridiculous, man.
Like, oh, dude, it's a woman in crypto.
It's like a rare creature.
Oh, yeah.
One dude behind us in line, we were talking about – oh, we were talking about some ledger news about like, oh, this or that.
Not even a scandal, but like drama about their ledger live and recovery and whatever.
And they overheard my wife talking about it.
And they automatically started to like try to big up her, one up her like, whoa, what do you know about cold roads?
Yeah.
But I love her response.
She just looked at him and was like, yeah, nice try, FBI.
Yeah.
Yeah.
I think, like, unfortunately, a lot of crypto talk in IRL, like, it's just negative EV.
And also, there are just some people in which, like, you just never want to meet.
like you just never want to meet like there are some people that like host spaces and like the
way they speak it just really creeps me out like i know they don't actually speak like that in person
and um yeah just like crypto culture there's this weird sex sector um that is like really unhinged and neurotic.
And they're like these strange night creatures that have their highlight of the day.
Buying coins at like 10k market cap and then selling them at like 50.
That's like the highlight of their day and just screaming profanity, uh,
on spaces. So I, I,
I actually have no FOMO in regards to like, uh,
like the all coin events. I have no FOMO at all whatsoever. Um,
but I think that's going to change in like five years.
As long as you're done with, uh, you're done with Denver.
You're not going to put your, I'm never going back there, man.
You're not going to endanger your life.
Yeah.
Yeah.
But I mean, it was a good experience, man.
Like Pepe was going up like crazy.
AI shitters are going up like crazy.
I actually think Q1 of 2024 was like the peak of the cycle as far as
froth, as far as retail activity, like new retail activity. I genuinely think so. And
I think I just think that I can't change my mind.
You had things, multiple things across every ecosystem going to billions, whether as like Q4 of 2024 outside of AI, they were just multi-day pump and dumps. The whole the peanut cycle lasted a week.
Yeah.
So the chill guy cycle lasted like a week and a half.
They were just these small pump and dumps outside of AI.
So I think, I think Q4 of 2023, right?
Like you can call it the real start of the bull market, right?
Where things really started to ramp up and you can just throw a dart at any 10, 20% dip
at a
trending token i think that comes back in like late q2 like basically i think the summer is
going to be fucking awesome dude i think the summer is going to be way more hot than it was
last year and i think that trend starts in q2 because you're you're to be at the point where it's six months after the cycle right um
and it's going to be whatever three years before the having um but i do think like if we do mark
up from here and the corrections aren't as big i i really think like the real top if you want to
call it that where you are going to experience the usual 10 to 12 months
crypto bear market probably happens right before the having or something like that right before
the having i could be wrong we could only we could only look at like what's in front of us but
i just you know i just think like if if if jobs in the economy can stay steady, not even strong, just stay steady.
I just want to be around for when gold and silver profits start rolling out across other assets and equities.
And you know it's inevitable.
Like people are sitting on – gold and silver have had their best rally in decades.
And you best believe that people are going to start taking copious amount of profits and diversifying and moving it into this and moving it into that and spreading it around.
And absolutely, Bitcoin is going to catch a fat bid off of that. As with the
rest of the S&P 500, as well as some crypto, it'll happen. It'll happen. That money trickles
down and out. And to give you some perspective, silver was like a bottom 10 market cap
just a year or two ago. It is now gold and silver are now number one and number two in
size. Silver passed NVIDIA just over this last couple of months. So there is so much
new hot money that is going to take some profits, is going to realize these gains.
And they're not going to just like, oh, okay, I made so much money in gold and silver.
Now I will sit in dollars for the rest of my life.
No, no, no, no, no.
They're going to move that money.
They're going to spread it out.
And Bitcoin is going to catch a bid.
And the best companies and equ going to catch a bid and, you know, the best companies and equities
will catch a bid and, and like crypto, crypto too, like that, that money will go farther out
the risk curve. So again, as long as, you know, if, if the Trump administration has put the word
out that like, Hey, bullish news only until we get to midterms
and we don't get any sort of downside surprise on earning season, like assets are going higher.
They are.
Evan, feel free to give some of your thoughts, man.
Welcome, welcome.
Yeah, thanks, man.
You always go through to speak.
I think the thing, too, is like, let's just look at what's going on right now.
You know, Silver, obviously going crazy.
You know, I think as you, I mean, I'll be honest.
I've probably been saying this for the past few weeks or past month or whatever.
But, you know, obviously, I think you're going to go into like what you see a lot of times,
like mid to late 1960s is another comparison i
kind of liked a lot of your comparisons to the uh late 90s as well i think all these kind of
you know last five years of like good decades before you saw a lost decade are
it's somewhat in comparison to kind of where we are right now even the 1920s you know later 1920s
and i think that what you're going to see for gold and silver is I think Powell is going
to do everything in his power to say F you to Trump and try to, you know, knock these
things down.
And then you'll, I don't think it'll necessarily be like a terrible, I think the gold silver
evaluation, I think gold is going to start to outperform silver a bit.
But I think that gold evaluation versus S&P 500, because obviously that should be an
important thing to look at, because if you can't outperform the S&P 500, obviously there's
not much of a point. That'll be consolidation, I would guess, for a few couple of years until
the end of the decade, probably until you get your recession, which would be somewhere between
2028 to 2032, in my opinion, probably after Trump's gone, most likely. I guess it could
happen this year if things go crazy, but I'm in agreement with most of you guys that we're going
to be, you know, we're going to be okay this year. I'm not as optimistic as a lot of people,
but the thing here is that a lot of times you look at energy right now, uranium looks pretty good,
Occidental Petroleum, that's one that Berkshire H right now, uranium looks pretty good. Occidental Petroleum,
that's one that Berkshire Hathaway has that looks pretty good. ExxonMobil is breaking outward.
Generally, when these things break outward, and I think a lot of the profits that will be taken
or the people that will get bored with gold and silver will put money into those. Generally,
that's kind of conducive to a general stock market pullback. NASDAQ, S&P 500, pullback's there.
I would say the NASDAQ looks pretty overheated.
I don't think you're going to see a new all-time high.
I mean, maybe in quarter four, but probably not until, it's hard to say, I don't know.
But I think you're going to see a more bearish for the next kind of four to six months here.
For those, Bitcoin as well, most likely.
I mean, you look at previous,
it's almost like we're in a simulation
when you just look at those previous bear market years
because it's always a rejection from the 200 daily SMA,
which is, you know, I think I work 106 right now.
By the time we hit it, you know,
I would say we'll probably hit it, you know,
within a week, two weeks, you know,
before the next FOMC meeting,
probably like 102K, 104K.
Let's get a little bit more optimistic if we can break through that for the kind ofOMC meeting, probably like 102K, 104K. Let's get a little bit more optimistic.
If we can break through that for the kind of the first time ever during a bear market
year, then you would, then we could start talking about new all-time highs and all that
type of stuff.
I think 108 is just a huge, huge area to break above and hold.
And I would think that I would, you know, definitely be, you know, I took a lot of profits on everything, you know, crypto related, kind of like end of October around that area.
And I would probably get back in, you know, big time if we can get above that 115 and hold that.
Just hitting 115, excuse me, holding 108 is what I want to see, hitting 115 even better.
And then we could talk about new all time highs and all that good stuff. But I think until that happens, I would defer to, you know,
what happened last time when the Fed paused after cutting rates, January of 2025, you entered,
you know, somewhat of a bear market for, you know, four to six months. I think it could be
probably even worse than that in some ways, especially if energy jumps up, because you
look at what happened in 2022, energy jumped up. A lot of things jumped up like crazy, accidental petroleum. That's the one
I just went long on. And, you know, things came down during that. I don't think it's going to be
that catastrophic, but, you know, maybe a little less than 2022. So everything kind of, you know,
stalls out, goes down. And then come summer, maybe May at the
earliest sometime around there, you get some really golden, like buying opportunities. I would think,
you know, I mean, people, sometimes people hate to say the number, but I'll say, you know,
50 K Bitcoin. I don't really see it going much below 50 K unless things get really crazy.
Like that 48, I, you could go to.
But I think, you know, let's play it by ear.
Let's see what happens.
I mean, I know people laugh at the TA sometimes.
I know Joe Carlisar. Sorry, I see.
How are you doing, man?
I hope, you know, some people don't laugh at the EMAs.
A lot of my fans do too.
But that three-day EMAs don't lie a lot of times for Bitcoin.
And the thing is, those three-day EMAs will turn bright if you do get up to like $115K for Bitcoin, you know, sometime in February, I would say.
And that would be a good buying opportunity whenever that may happen.
And I would guess you probably won't see that until at least May, you know, maybe later on, kind of those areas.
So that would be kind of that big kind of buying opportunity there.
So, you know, I think, you know, I was seeing some of Ben Cowan's posts, you know, he's always said like, you know, trade the market you have,
you know, not the market you want. And I think there's a lot of good trades potentially for
energy for next four to six months. I think the Russell 2000 probably like I personally wouldn't
buy the Russell 2000, but I think it probably will outperform the S&P 500 this year. I think
I think energy probably will outperform the Russell 2000, though. I think this could be
one of those years where real estate outperforms S&P 500, maybe stays kind of sideways. I think
Trump, with his attempts with all this stuff, probably, I would say when you bring interest
rates down in this environment, you're probably going to counter that by bringing housing prices
up a little bit. So you could see housing up a little bit this year, maybe the standard 5% or whatever.
That's what I'd be looking at. So, you know, it's kind of, you know, just look at, I would say,
terms of, you know, your day traders, your inter-day traders, yeah, it's still a long,
long area, you know, longing Bitcoin up to 100K. You got some very good odds, you know,
ETH up to 35, 36, 3700. I don't even know
what ETH's at currently, but those areas would look really big. I think the equivalent of 108k
for Bitcoin, that's the place you really want to hold to turn bullish again, would be 3,700 for
Ethereum. So those are the points. The last thing I'll say here, all coins, you know,
all coins outperformed Bitcoin as a collective. Others versus Bitcoin outperformed Bitcoin through your pandemic, through all sorts of, you know, bad stuff in 2019 and 2020 coming down.
But you got to realize they still came, a lot of them made lower lows than the USD pairs as well.
So that doesn't mean, I'm not saying don't buy alts, but you got to be strategic.
You got to know the right ones to obviously get into.
And it just shows how
tightly correlated alts are into monetary policy. I think the biggest thing in alts to realize right
now is anything that can outperform Bitcoin for the next four to six months probably is a really
great buy. I think it would be safer to look and reevaluate and buy them in probably four to six
months rather than now. You know, if I had to really guess here, I would say Bitcoin tops out at like, I don't know,
106K, 104, 102K,
and then probably as like a 40 to 50% correction from there.
Something similar with ETH.
I think ETH will outperform it.
ETH, 1800 to 2000 would be just a great, great area.
Quickly, I'll say here, two week 200 SMA.
If you look at diminished kind of returns for bitcoin
we usually go to a lower kind of sma in every bear market that's the one we almost hit last
bear market i think you may hit it this bear market but when you hit it it probably would
be at at least 50k so nothing that terrible that's what i'd be looking at so yeah that's all i got
evan let me ask you this man i i i don't think we've ever seen the iwm
outperform the s p without crypto uh being dragged alongside with it no bro it outperformed from 2000
to 2010 it outperformed i believe unless i'm i don't have it in front of me but that 10-year period, I think. From what? I'm sorry. The IWM, the Russell 2000, outperformed S&P 500 from 2000 to 2010.
He's saying crypto.
He's saying crypto.
Yeah, yeah, yeah.
I've never even looked at that.
If the IWM trickles up, crypto is going to send along with it.
crypto is going to send along with it.
And with 2022 and 2018,
I think all that leverage really isn't in crypto anymore.
You don't have like these MLM schemes like BitConnect.
You don't have Doquan.
You don't have 3AC.
And the only thing we had over the last like three years that barely even scratches like
10% of leverage are the treasury companies, right?
Like they would buy BTC and altcoins and all that stuff.
and all coins and all that stuff all those people sold like the the drawdown that we had from
All those people sold.
early october all the way to near christmas time for all specifically they they all sold from from
that point on until the end of the year and now they're all up like over 50 percent over 70 percent
um since since those lows so if we're just seeing the IWM trickle up,
and more importantly, Japan is making new all-time highs,
man, it's just really hard for me to kind of see this whole bear market playing out.
Yeah, it's very difficult man um yeah man well this is this is why they call it the complacency shoulder oh knock up man you know what's crazy bro like when
you came in it was the last time btz was below 90 like you came in right before the breakout that that is classic like i think when you came back
on market talk uh it was it was basically like at 88 87k probably 86 and we all said all right man
it's time to pump like naka is is the the the pump signal man and you know what's crazy um that pirate chain coin is up like 100 plus
percent yeah i should have bought it i should have bought it i also showed monero
to buy that shit there's zero fucking liquidity to buy that shit
i was trying to buy pirate coin but it's actually really quite hard to buy
but monero as well you were talking about buying xmr at like 500. Yeah
I allocated allocated like I could like twelve hundred dollars to it or something
I'm up quite a lot on that
But i'm going to allocate some more because it's just vertical accumulation
Everyone on ct is salty in my replies telling me i'm buying the top
So I think it's going to 5,000, to be honest.
Do you understand if Monero goes to 5,000, that would take it to a market cap of...
Top five, baby.
That's like 100 billion.
And if that happens to Monero, then every altcoin that's trending and has volume is going to melt up.
You don't have an altcoin that's trending and has volume is going to melt up. Like you don't have an altcoin.
No, no, no.
Because Monero is just the test net for Bitcoin.
Or Bitcoin was the test net for Monero.
Excuse me.
I said that about...
I mean, I think the thing with Monero versus other altcoins
is if you actually look at Monero, it's quite hard to buy it, right?
Especially, I think the thing that really facilitated the breakout was it got relisted on binance
But apart from the recent relisting on binance, it's very difficult to actually buy nobody's got any
I tried to buy some like two nights ago
I think you can get some on Kraken
So I tried to go on Kraken
I tried to go on Kraken but it won't let me buy it on Kraken because it's illegal to buy it on Kraken because I'm in Britain, right?
So a lot of places have actually banned you from buying
Monero on a national level and a lot of exchanges
Right, so no, I bought it. Who's gonna sell?
Naka, I actually have a friend. If you send him, okay, however amount of Monero you want,
he'll send you double back in like two days. Yeah
So if you're in Britain and you want to get Monero the only way you can do it is through some kind of decks
there's like a Monero wallet called cake wallets where you can
Where you can swap Bitcoin for it, but it's kind of hard to get right and i think that's very
bullish right like do you remember the last time it was like really hard to actually get hold of a
coin yes dude very well right i i actually i actually had to go in the back of a 7-eleven at
like 2 a.m to buy some tau in 2022 that's how hard it was by that point dude yeah dude i had to go in the back of a 7-eleven to
to to buy some towel why do they why do they why do they sell towel at 7-elevens
so in 2022 the only way to buy the only way to buy towel right bit tensor uh in q3 of 2022 was
through a discord and that discord barely had any activity so um you had to go on uh
you have to go on one of those crypto forums it's like uh it's like a bitcoin talk type forum right
i think it's like the first forum for for for privacy for like privacy cryptos and you just
click on your city or whatever and you whatever like arrange a meetup and it's doing doing OTC like no TC but
like peer-to-peer transactions in person it's like the weirdest thing ever yeah it's really
good and I I remember um uh when I bought like my first like sats whatever you want to call it in December of 2017, my bank would charge me like a $15 fee or whatever, because they would take crypto transactions on your bank statement as like money services.
So they would charge you fees. And I'm like, dude, this is horrible. Right. And, like, Bank of America was shutting accounts down and all that stuff.
So whatever.
I'm just like, all right, let me just, like, go on these websites like OfferUp and shit.
Some other sites as well.
And, like, I just bought some coins just like that.
I even, dude, I even helped someone move for some BTC, like, in the bottom of the bear in 2018.
You have to ask, how bad do you want it?
Are you willing to move furniture around for $100 worth of BTC?
Hey, Uncle Joe, what's going on, man?
I'm scared.
You're scared? Why? why i'm terrified man just give me give me your biggest bull cases are you are you scared for the uh atlanta fed gdp now
that's got updated a 5.3 percent for q4 are you uh are you scared for the fact that we made
a new all-time high in seven different international indices today?
The VXUX, which is the equities outside the United States, are just in like turbo bull mode in a broader sell-off with equities.
They look fantastic.
Are you scared about the housing starts numbers, which are the leading indicators to say they're going to prick up the fastest starts in the last six years. Are you scared for the fact that we've got,
I think, an oil market here, which sold off at the end of the day based on some of the
chatter about Iran, and now we're back under $60 oil? Are you scared because of the truflation
leading indicator, which they just updated, that shows that we're going to be creeping back down to two percent um i mean i i don't know i mean like is is there i literally look at the charts
here and it's very hard for me to see anything bearish um i really i just don't understand it
it seems crazy by the way all you ta gurus right um look up that's right there you go look up look
up look up here's here's a good one for you. Look up. OK, go look at any any.
I heard somebody talking when I came in about how Bitcoin could test 107, 108.
That's a key range resistance. Look at the 50 week MA and just check the chart.
It's at 101. And give me a prior bear market where you, after peaking, lost the 50 MA and then recovered it.
So you all think that we're going to 107, 108. That, checks the math, is six grand over the 50
week MA. That would be unlike any other prior time where you entered into a quote unquote bear
market. There's not a single parallel that makes so if you if you get up to 107 108
uh there is no it's over yeah there's no discussion there's no discussion it's done
there's no parallel if you get up to 108 though we might not get that hang on i'm quoting let me
just check i got this quote i think we test 107 in the next couple weeks here that i think that
was you evan i think you said that uh I said 106 I said
200. sorry I missed it okay slightly I want to hold 108 I want to hold okay but if you but if
you get about 101 it's unlike any other prior cycle we can agree on that there's no in terms
of the 50 moving average I like the 200 moving average better though in terms of the 50 yeah
yeah I like the 300 300 is the one I go why all my charts are in 300 because I said so that's literally it so I prefer the
own clothes you know because brother trades 24 7 and there's 52 weeks in a
year so I'm yeah I like the 302 moving average I can just set your trading view
on that if you added the function you can just really modify but I mean
honestly guys like like here's the thing.
Let me just give you an alternative interpretation, OK?
For the last three years, the Fed has drawn down its balance sheet by about $3 trillion,
Why is that significant?
Why, Joe, are you talking about some boring old balance sheet?
We want to talk about pirate coin.
The reason I'm talking about some boring old balance sheet we want to talk about uh pirate coin um the reason i'm talking about man these fundamental analysts and their guru their guru their balance sheets the reason i'm talking about this is because you hear this
meme again and again about how what if china and what if japan dump all their treasuries they'll
cause havoc in our marketplace well the the China and Japan have $2 trillion worth of
treasuries. Basically, we've suffered through $3 trillion of treasuries being rolled off, which is
a trillion above what these big, giant sovereigns people freak about dumping their treasuries.
We've had to go through that. All of what you've seen over the last three years in markets has been
not easy mode. It's been hard mode. And you're moving into a period
where the metals are telling you, the industrial metals are telling you across the board that we
could be into severe easing. We could be into the run it hot economy. We could be into growth
in excess, you know, like Atlanta Fed. I'm skeptical of it, but it says 5%. You could be
into a beginning of a manufacturing re-eceleration here into early 2026 while the president is facing a
very tough midterm re-election while there will do whatever is necessary to stimulate and you're
bearish good luck like good luck in that dynamic I mean I just I just don't understand it you all
can you know do whatever you want with your money it's fine but to me it seems like all all that I'm
seeing is that you've seen these mega caps,
which have been performing very, very well in a very tough environment, tough macro environment
over the last several years. And now you're finally seeing a broadening out of the rally.
And that's why Wabi's focused on things like small caps. And you can look at EEM and emerging
markets. You're seeing a broadening out of the rally, which is what you want to see. You don't want to have seven stocks capture all the gains.
And by the way, that tends to leave the real economy out of this.
So you get out of what I think is not necessarily a bad economy, but perhaps not as robust as it has been historically.
So anyway, everybody, you know, you can have their view.
That's what makes a market.
But if you're bared up here, I just, you can have their view. That's what makes a market.
But if you're bared up here, I just, I fail to see the argument.
Well, not everything is going to go up.
There's going to be some things that go down.
It's impossible for every single thing to go up.
I mean, I think.
Yeah, but I'm not talking.
But you were saying, oh, I don't think the Nasdaq could make a new high to Q4.
I just fundamentally disagree with that.
Can emerging markets outperform? Of course. Right. can the s&p get beaten by small caps absolutely um but i
mean i'm just quoting what you said you said no nasdaq 100 all-time highs until q4 i don't know
where you're getting that from but i don't think it can i don't know if it will let me ask you if
it goes down 20 when would it make a new all-time high, in your opinion?
Well, I mean, look, we had a 20% decline.
Wait, what would it call it to go down 20% though?
By the way, I can almost guarantee you the S&P and the NASDAQ
will go down between, you know, say 10% to 20% at some point this year.
That will always happen.
I mean, it happened in April of last year.
The S&P went down 20%.
NASDAQ went down more.
That's not really saying a whole lot.
But wait, Joe, not for no reason.
That's literally because Trump came out and said,
everyone gets a tariff.
You get a tariff, you get a tariff.
I thought we were in a lot of talk about fundamental analysis.
And not a little one, like here's 40%, here's 50%, here's 100%.
We're not allowed to talk about fundamental analysis.
It's only the
chart charts all that matters the lines the lines the lines they speak to me uh moving monkeys the
moving monkeys is all you need to look at if the moving monkey is going up it means bull
full bull mode if the moving monkey go down or cross bad? Well, before you hopped up, I was, you know, I was in the bear camp all last fall into the winter in 2025 because I was worried about what direction jobs are going.
But I said, and I've said that publicly and I was telling you privately that I just want to see the first week of January's report. I just
want to see it. I just want to see it. And it came in bullish and that's good. Fine. Done.
Let me close. I'm going to close out all my puts, made a tidy profit, no complaints, 33% in three
months. Great. But to fight against, like if you're a stake in the ground, if you're
lying in the sand is one thing, and then it doesn't support your thesis and goes against it,
like what are you going to do? Are you just going to move your goalposts forever? Are you just going
to pretend that you didn't see that? Or are you gonna uh change your opinion change your mind like okay
great things got things that got better we we want things to actually get better let's make some money
so i'm i'm i'm with you i'm with you joe that yeah i've talked i i'll just share this with you i i've
uh i've talked to i talked about this publicly a couple of times i play poker the same group of
guys they they're not really bitcoiners they have more crypto exposure they have xrp and a bunch of
different stuff and the last game the last game i played with them uh in november every single
person at the table had sold every single you know why they sold because oh it's the four-year cycle
it's the meme right we gotta sell right that's not how markets work guys like once it's once
it's like fully digested and everybody believes it the signal is gone it's dead so like why were equities
rallying because you had this massive amount of selling i mean even today i got a text message
to say joe i sold bitcoin at 92 should i buy back in now there's a bunch of people that will panic
fomo back into the market above 100k as soon soon as you reclaim six figures, 100% yeah. As soon as it's six digits,
100% over.
Yeah, it's over.
Yep.
Yep.
Yeah.
I love,
I'm with you that I love that the 50 week
or the 52 week,
or you,
or some people want to use the 365 day,
whatever.
It's the same line.
I love that.
It's right there at 100 or 101.
I love that because yes,
if you close above it,
here comes the, here comes the here comes the
train of money that's going to send bitcoin uh higher um yeah the fomo i mean i i'll just
compliment you you're doing what you you're supposed to do right you can have a view i can
have you we can all be wrong but matt like you actually said like okay if this then that
then this right was your your labor market and that's what you're supposed to do not supposed
to get wedded into these themes that like you know ben cow and these people oh well it's a four-year
cycle therefore i must sell and i can't bitcoin can't do anything and we're in for a bear market
of 70 that that's not analysis that's like prophecy and you know folklore and uh and astrology that's
i admire people like evan you're clearly saying like if you hold i disagree with the level but
if you hold it 108 right you're bullish again right like that that makes more sense to me than
these people that just lock into narratives and they just say no matter what i'm never buying
again until i get a 70 drawdown oh. Oh, no, there's big accounts
that keep saying like, I will not buy Bitcoin till late summer, fall 2026, because that is
how long it takes from past cycles, and it will perpetuate into the future. Like you go away for
a year, and that's when the bottom will be and like it is not
there's no such thing as efficient markets forever it's not going to just repeat
forever just because you saw it twice uh in the last eight years yeah and what if what if what
if there is what if we there is there is a significant amount of momentum in these markets
right like there's a reason that bitcoin has a sort of sinusoidal variation
around its logarithmic growth curve, right?
It's because once people's profits get to a certain level,
they tend to sell, right?
That's the real driver.
Yeah, but I mean, what if, just hypothetically,
just stick with me here for a second, Naga.
What if Bitcoin gets to like 160 this year?
Hypothetically, just say it gets to 160.
And then we have a nasty 70% drawdown from there.
I mean, next year, in 2027.
Hypothetically, that could happen, right?
And that would be completely inconsistent, I think, with any of the quite unquote prior cycles um i mean it wouldn't be super inconsistent with them um i mean these
you know this this sort of the behavior of bitcoin's sort of oscillations around its long-term
growth are not as regular as people make them out to be. Every cycle is a little bit
different. I think this cycle was left translated and we got most of the growth in 2020, you know,
2023 to 2024. It's been a kind of distribution phase since then. So every cycle is a bit different,
but it is basically, you know, an oscillation around a growth system and you you can see a lot of other
things work like that i mean even the growth of civilization right there was a there was you know
like the growth of civilization uh you know in mesopotamia and ancient europe then there was
the bronze age collapse then the roman empire rose then there were the dark ages then there was the
industrial revolution when you look at this on a population graph, you see kind of something similar
to what's happening to Bitcoin.
You see these, this long-term growth curve with a series of oscillations around it.
I just think in markets, when you have an asset that's growing like Bitcoin,
it makes sense that we'll have these bull and bear markets.
We've seen it in other assets like precious metals.
Gold has had, you know, a growth curve with a series of bull and bear markets.
And the reason that those happen is because when you're know a growth curve with a series of bull and bear markets and the reason
that those happen is because when you're in a growth phase um people will tend to you know
front load their expectations and because people expect it to go higher they'll actually pile on
leverage and pile capital into it uh until it's actually higher than it should be and then once
everyone sort of realizes that people will start dumping and then people will get sad about it. And then people won't want to buy it,
even when it's actually underpriced.
I think this is a perfectly natural thing that we should expect in markets that
happens in not every market, but most markets. Um,
and this is what's happening in Bitcoin.
And I think we're probably heading up to the complacency shoulder,
which happens in pretty much every Bitcoin bear market. They're all a bit different, but I think this is the complacency shoulder. happens in pretty much every bitcoin bear market they're
all a bit different but i think this is the complacency shoulder people are sounding complacent
it's exactly what i expect i think if we go i mean i personally have a cluster of moving averages
between about 109 and 112. i think if we go over that it's more sort of bull mode i probably still
won't personally buy bitcoin but i am interested interested in the now. What was your cluster again?
My cluster is between $100,000 and $112,000 at the moment, but it's likely to move down over time.
I think if it crosses those, the bear thesis is off for crypto as a whole.
$3,000 cluster?
Yeah.
But it's not much.
I mean, Bitcoin is like 3%, right?
I mean, how much precision do you
want what if we go to 111 and retest 100 what is that what does a cluster do then is that
very bearish right no it's bullish it's bullish in my opinion if that cluster is bullish then
if you if you go to 111 and then back down to 100 that's bearish guys if you could hold six digits literally
if you can hold 100k that's bullish because think about it if you hold it and it never falls below
100k well then this is this is just a circular argument like do you guys see no but you got to
understand though if it goes up and stays up it's bullish man that's a, if it goes up and stays up, it's bullish, man. That's the lie. If it goes up and it stays up, it's bullish.
But it's got to be bullish.
If it's going to be bullish, it will have to break through that cluster of moving averages,
which would probably be around 110.
Can you look at the picture of this cluster?
I'd like to see it.
Would you tweet it?
Stream.
Yeah, I can.
I want to see the cluster.
Is it a tight cluster or a big
or wide cluster dude he's making all the kids sound like a bunch of fucking idiots right now
joe just let me ask you a question just real quick if it i know you mentioned 50 moving 50
sma on the weekly what if it were moving from that 101 would you get more bearish
oh yeah if it's going down I'm dead bearish I'm
selling all my Bitcoin I'm kidding no I listen listen I mean if the price is going down right
what does that mean the price is going down right it's obviously not as bullish as if the price is
going up totally I will stipulate that fact that that it's more bullish for a price to rise right
um what I disagree with and fundamentally in and to me this is just based on
the data I'm looking at, is that the Bitcoin market bears any resemblance to prior cycles.
Now, does that mean that we can't go down and go back to 80k? We absolutely can. Like, I don't have
a crystal ball, but I think Bitcoin is trading fundamentally differently than prior cycles. And
you see this in the volatility, the realized volatility in the marketplace.
You see it in, I think, even some of the options data.
I mean, the options data is pricing Bitcoin
in a narrow band for the next year.
Okay, and the narrow band is roughly between 80 and 120.
Now, can we tear through that
and can the options be totally wrong?
Yes, absolutely.
But that is dissimilar from prior markets
where there weren't widespread usage of hedging activity, where you could hedge your entire position with IBIT in five minutes.
That didn't exist in 2021.
That changes the way the asset performs.
When the majority of liquidity is through CME versus BitMEX and Darabit, that changes how the asset performs.
So that's my only point.
My point is-
But Joe, I think that's why the drawdown was,
well, it's certainly smaller than in the past.
Even if you count from the very all-time high
to the bottom wick in below 80K,
it was only 35, 36% drawdown so far.
I think because to your point there are just so many other like bitcoin adjacent or crypto uh equities and tickers that you can hedge against
i'm like okay great let that because that's what i did i had i never i i don't sell Bitcoin. But now there's never been more beta to Bitcoin companies and equities and tickers that, oh, I can buy puts here, I can buy puts there, because I know if Bitcoin has a correction, this one's going to absolutely capitulate.
And that's exactly what happened.
That's exactly what happened.
Matt, you're spot on.
Look at some of the put volume that we saw in Q4.
Just go look at people protecting massive positions.
You can look at this in the equity market.
Yeah, punch a hole through the floor. That put volume was just...
100%. So my point is, do you really expect when there's a market structure that is dissimilar from prior cycles where those tools were not available, for the market to just react like it did in prior cycles?
I don't. I don't either. It's the same as it was. It's the same as it was prior cycles where those tools were not available for the market to just react like it did in prior cycles. I don't. I don't either. I don't either. It's the same as it was. It's the same as it was prior cycles. I've looked into this. When you look into the max pain, when you
look into the max pain price defined by options, it's always wrong at turning points, right? It's
like in a, in a trend, the max pain price from the options market is relatively accurate.
It just effectively linearly extrapolates the price.
And then at turning points, it's wrong.
It's not really alpha.
No, no, no.
You think the market's at a turning point?
Just common sense.
Where was the market at a turning point?
November?
No, just the market was...
The market's been at turning points in the top of late 2021.
I'm asking you, most recently, when was the market at turning point?
November of 2021?
It wasn't.
Sorry, November of 2021.
There hasn't been a clear turning point.
We've been in a bull market for the past three years.
We're up $17,000 off the bottom.
What are you talking about?
We're up $17,000 off the bottom.
We made an 80K bottom and we're in 97.
What do you mean there hasn't been a turning point?
No, I'm talking about long-term turning points.
But you can go into short-term options as well.
You'll find the same thing.
The options market is wrong at turning points.
When the price was crabbing around at whatever, 92.
We're not talking about the options market being right or wrong.
Obviously, an option market is by definition always going to be right and always going to be wrong.
But what we're talking about is the hedging tools that are in place for the asset to fundamentally trade differently because market makers have to hedge the hedges.
They have to literally put offsides whatever they're selling.
If they're selling a bunch of put options into the marketplace they have to establish the floor that otherwise they go bankrupt
yeah but i mean sometimes they do sometimes you know people who are people who are short
options sometimes do blow up right that happened in the last bear market as well
anyway my my simple my simple point is like one of the benefits of Bitcoin being more widely available is there's just sos, whether you want to short or whether you want to
buy puts on Tom Lee's BMNR, because you know that thing is going to fall off a cliff if Bitcoin has
a correction. Like there's certainly plenty of, there was a lot of money betting against and
buying puts against MicroStrategy over the last two, three months. And they were right to do so
because if Bitcoin goes down 30%, you better expect MicroStrategy to get cut three months. And they were right to do so because if Bitcoin goes down 30%,
you better expect a microstrategy to get cut in half. And a lot of money got made on that.
But my point is that in the long run, that makes Bitcoin's drawdowns less severe because that's
more people that don't have to sell any coin and can actually, you know, yeah, they can keep their Bitcoin and still hedge their position,
even make a profit just because the market goes through a correction.
Yeah. And it also dampens the upside, right?
Price is decided at the margin though, right? Like if you have a big,
you know, Satoshi's never going to sell his Bitcoin because he's dead. Right.
But that doesn't matter. You can still have a bear market a bear market happens
When the price at which the buyers and the sellers meet goes down
Right, you don't have you know, you don't necessarily you don't even have to have a lot of sellers
This isn't an argument. What are you arguing that Bitcoin will never have like you can you think you can you can create
You can create a bitcoin bear market by selling $1 of Bitcoin.
Bitcoin went from $109,000.
You can create a bear market by selling one Satoshi.
You only need to sell one Satoshi.
We went from $109,000 on inauguration day to $74.
Was that a bear market, Naka?
That was a direct line in April.
Was that a bear market?
It's a short-term move.
So if we reclaim the all-time high in February,
what was this interlude in November and October here?
What was it?
Yeah, this might be just a short-term if earnings go our way.
None of these are long enough to be bear markets.
A bear market lasts for like 9 to 15 months.
No rule about how long a bear market has to last.
That's not correct.
These are figments of our imagination.
They're people just developing rules after the fact.
Sorry to interrupt.
I just posted a cluster.
The word bear market means something.
It means a sustained drawdown that lasts 9 to 15 months.
That's like 60-70% plus. That's your opinion, man. That's your definition, but there's months that's like you know 60 70 plus that's your definition but
there's no no that's not that's not that's not an opinion that's what the word means right
absolutely like you could say you could say a bear market's 20 down on the asset yeah but those
those are in assets that have those are assets that are lower volatility, right? You could say that a bear market is if Bitcoin goes down on a Monday,
but nobody will agree with you.
A bear market is something that lasts years.
There was a bear market in 2012 to 2014.
There was a bear market in 2018.
Where are you getting this bear market has to last years from?
Who is telling you that?
That's just the definition of the word.
It's about what a Bitcoin bear market of the word it's not okay you can
have a no no you can have a three-month bear market a five-month bear market uh you know
you can have you can have a multi-month bear market i mean i mean i mean i think i think
i think what joe's trying to say is that there will not be any more bear markets. There will never be sustained drawdowns
of 70% plus that last
more than nine months.
That's a reasonable belief to have.
So if there's a sustained drawdown
from the top that's 50%
in the last 12 months,
is that a bear market?
Yeah, I'd say that's close.
That's because your subjective opinion
fits with your subjectivity.
Well, I mean, I wouldn't say
it's a binary category, right?
Nothing changes from a 49% drawdown
to a 51% drawdown.
What about a 45 that lasts for 12 months?
Is that...
I'm not being pedantic.
My point is these are just narratives.
You're just offering the group narratives here. That's all're doing you're just like well i think that looks and
smells like a bear market so it's a bear market and i asked you what about the drawdown from 109
to 75 or whatever it was in april last year was that a bear market you said that wasn't that wasn't
big enough and it wasn't long enough it's a big it's a big drawdown significant it's like a what
a 30 drawdown off the top that was huge it's a huge drawdown
are you talking about not much well maybe not for your bank account no the tariff the tariff
drawdown especially if you're looking at s&p 500 and azdaq it rivaled the covid crash it literally
was that volatile from january to march in 2025 so from from january from the top at what 109 to the
bottom at like 73 ish that is a drawdown of you're you're focusing way too much on the percent
drawdown in bitcoin i'm talking about a picture yeah but i'm not talking about this i'm talking about a picture. Yeah, but I'm not talking about this.
I'm talking about Bitcoin.
It's a 31% drawdown from the 109 top to the 73 K bottom, right?
That's not a bear market.
That's just a drawdown.
It's a corrective move.
And so far what we've had from, know 125 to like you know the 80s
is just another corrective move it's not yet a confirmed bear market
goodness boys what a show what a show man this is this is basic stuff right like i feel like
i'm teaching kindergarten yeah that's what Yeah, that's what makes these spaces entertaining, man.
Like, bro, most spaces, they just gossip and talk about events,
and they ask, so what's next?
What's next for the trenches?
But, yeah.
The thing is, I think, think basically this is the complaint.
If the, if this is a bear market,
this is the complacency shoulder, I think.
And it kind of smells like a complacency shoulder.
People are like, yeah, it's all good.
It's all going to keep going up.
Bear markets never going to happen.
Supercycle institutions, lower volatility,
all of this stuff.
I heard exactly the same stuff at 45K in
2022. So until we can break out
above these moving average clusters, I would treat it as that.
All right, guys. I think I'm going to wrap it up here right at the
peak of activity. So, Naka, Matt,
Prometheus,
I don't think you spoke today. Did you?
I'm just,
I'm eating popcorn and enjoying the show.
I'm eating popcorn and enjoying the semantics.
Yeah.
That's what makes,
Hey,
do you,
do you guys enjoy the four 30 slot more?
Be real.
Like,
did you guys enjoy that slot more?
I thought we're the four 30. Honestly, I preferred the three 30. be real. Did you guys enjoy that slot more? The 4.30.
Honestly, I prefer
the 3.30.
Say what?
I prefer the 3.30 myself that you've been doing.
Later
in the evening, family
and obligations just get
tougher later
in the evening.
I see.
I'm kind of at a pivot point here the evening. I see. I see.
I'm kind of at a pivot point here, man.
Yeah, I'm kind of at a pivot point because people are more. The beauty of 330 is, like, the market's still open for the last half hour.
You can still, you know, you can see how the close finishes,
make some last-minute moves if you need like you know i
got some objective lines i want to talk about that are painted rainbow colors on my computer
screen and massive rgb um yes oh are you a big 21 week fan it's 20 it's the 21 week and i don't so i like uh vwops personally um i'm more of a vwop
trader um actually but um no regardless of the fact you know at the end of the day it's who
we're gonna find out in six to 12 months who is right and who actually knows what the
F they're talking about. You're, you're, you see a lot in this space. Um, you know,
everybody has an opinion, um, rightfully so you have to have an opinion. Um, and if you don't have
an opinion, then you're probably not in the markets. So I respect people who have opinions in the market. One, two, you know, it's, it's one of those things where you just really shouldn't,
you shouldn't take it too seriously. You should be flexible in your perspective
on anything you approach in life, right? Ego is the bane of many people's existences.
And if you're able to overcome the demon that is,
then you're probably doing pretty good for yourself, right?
And a lot of people are not able to kind of accept wrong
or accept fault in matters.
And those people, I truly do wish them the best.
But anyways, the markets we're seeing are behaving in a completely erratic sense.
It's hard to make sense of them.
And when it's hard to make sense of these markets,
sense of these markets. That even magnifies the emotions even more so. We're seeing Bitcoin decouple
it's even, you know, that even magnitudes,
from equity markets. We saw the VIX up 12.5% at one point today. Bitcoin in confluence is up
2.5%. Altcoins look like they're dead in the water. Oil and commodities look fantastic. QQQ looks like a piece of garbage. Right. It's there's a lot of, you know, divergence and decoupling happening across the board.
broad, you know, paintbrush in regards to, you know, if you're trading Bitcoin and crypto,
then stick to that, trade that, right? If you're trading on chain and in the trenches,
stick to that, you know, just because one asset class, you know, just because the queues look
like a piece of garbage does not mean Bitcoin can't, you know, potentially perform fantastic,
you know, generally speaking, if the queues are going down,
is Bitcoin going down? Usually. But at the end of the day, like if you have your system and you
stick with it, you know, and you follow your set of rules, and if you've created an edge within the
market, you shouldn't really care what anybody else has to say, right? And you should just follow
your system. And if your system has
edge, you're going to be profitable as long as you're able to execute according to whatever
that parameter, those parameters are. So I do like some coins. Interestingly enough,
I do like some names. I think that micro strategy from a chart perspective looks pretty good from a
fundamental perspective. We won't talk about it.
If I look at oil like Exxon breaking out today, I'd love to see that. Silver, $90 an ounce.
Gold looks fantastic. Russell seems to be putting in this outperformance to the upside.
You can never hate that, especially if you are holding risk because, you know, one of the only ways to get paid is to actually hold or is to actually take a risk within the market. So I do kind of like the setup that we're seeing right now.
You have like the ultimate barbell of barbells occurring, right?
What is that?
You're seeing the Russell and the Dow outperform the NQ and ES.
and the Dow outperform the NQ and ES. You're seeing commodities and crypto outperform,
you know, the more, you know, the mag seven traditional names. So the barbell is barbelling
right now. And the bar is very, very, very thin. And the plates on the ends are very, very, very
heavy. So I could not emphasize more to people to be patient right now.
You know, you don't have to make a decision tomorrow on whether to be long or whether to be short or whether to short something or whether to be long something.
You know, the best trades are the ones.
And if anybody who's traded these markets for years, you know, people will, you know, you'll go and you'll ask these traders or investors,
whatever, you know, they call themselves. And they'll kind of, and you'll ask them,
what were your best trades? Right. And they'll probably respond with something along the lines, like the best trades were the ones that stuck out to me like a sore thumb, right? They were
the most obvious in my mind. Now that does not mean that they're going to stick out to others
in that same manner.
The same light's going to get shined upon that asset, you know, and be seen by this,
be seen the same through other eyes.
Right.
So I am just kind of like, if you see an opportunity, it makes sense to you.
We're humans.
Our human brain is fantastic at recognizing patterns, right?
That's literally what we're literally what we're built for.
Our entire existence, right, is to view things through a perspective of right, not right or
wrong, but more so like kind of like fear and safety, right? And when you see or presented
with an opportunity, if you've been around these markets long enough, subconsciously your brain has probably been baked in some way to recognize
certain patterns. And so if things make sense to you, take a shot,
take an opportunity on it.
The worst thing that's going to happen is you're going to have a fantastic
learning experience and something to reflect on, um, for, you know,
hopefully future experiences that are going to be hopefully presented that are
similar.
I am, what else? What else? What else? What else? Yeah, man, just like crazy market. And that's kind of what I wanted to bring to the call because there's a lot of semantics. The markets are all
about subjectivity, rightfully so. You know, people are going to tell you, oh, you can't trade this way, or you have to
view these things. If you see these things, then this other side is completely wrong.
And that's just really not how these markets work. They're not really black and white. They're
a million shades of gray in between. So with in between. So, uh, with that being
said, I got a text from Wabi. I think he has an appointment going on right now. If anybody has
anything else that they would like to say, I'd love to hear. So if not, we'll probably be wrapping
up the space here. Um, if you do want to come up and you want to talk, uh, if you want to talk,
uh, shop, feel free to, i'm actually not a co-host
never mind so i think wabi's busy right now so if any other speakers want to talk if not then
we can wrap things up i saw naka just put his hand up there
yep there is one obvious trade in this market and that is longmanero. It's going to $5,000. You heard it here.
They're selling $5,000 bills for $700.
Okay?
Everything else is a fugazi.
That's a sell signal.
I'm kidding.
I'm kidding.
And with that being said, with that being said, we're going to wrap it up here as always, guys.
I hope you guys had a fantastic Wednesday so far.
Hope you're able to enjoy the rest of your evening with the loved ones, with the people you cherish most within your life.
Tell the people that have allowed you to be in this position and to have these opportunities that you love them.
And we will see you guys next or we'll see you guys tomorrow.
I was going to say next week.
We'll see you guys tomorrow at our usual start time.
This is Because Bitcoin.
If you have any questions, check out the Because Bitcoin X profile where we have a link in our bio.
You can check out everything markets, everything we do, whether that's Discord, our insider trading group.
We also have the software program, DB Terminal.
We're coming out with a few other pretty awesome products for you guys.
So with that being said, we will see you guys as always.
Follow the speakers that spoke up here today on the spaces and enjoy.
Peace. Thank you.
Insights
P
The discussion highlights how crypto is catching up to traditional equity markets, with Bitcoin hitting fresh year-to-date highs of 98k, indicating a significant upward trend in the crypto space.
oh Oh music Thank you. Thank you. Oh, my God. It's the first time here The most common zone I'm Hey I love you. yo what's up y'all matt what's up evan what's up prometheus'all? Matt, what's up? Evan, what's up? Prometheus, I'll send you a speaker invite.
we were talking about crypto eventually catching up to all this uh out performance that the equity
markets and uh that the commodities market specifically precious metals like silver and gold
The mention of the Japanese stock market, Nikkei, reaching all-time highs alongside Bitcoin's performance suggests a broader growth trend in financial markets, reflecting increased investor confidence.
markets and uh that the commodities market specifically precious metals like silver and gold
we're gonna catch up and here we are btc hits 98k fresh year-to-date highs and speaking of new uh fresh year-to-date highs we also have
the japanese stock market the nikkei hitting fresh all-time highs as well and something that i really
The conversation notes that micro caps in AI are hitting new highs, indicating a growth trend in the intersection of AI and crypto, which is attracting investor interest.
peaked out months before the s p topped out in 2021 early 2022 so i just want to add that little
piece of confluence on chain is heating up you do have um some small micro caps in regards to ai
hitting um new highs ceilings are being raised slowly but surely and um you gotta love to see it man you gotta love to see it monero
The speaker expresses bullish sentiment on PumpFun, indicating that it has made new year-to-date highs, which is a strong indicator of growth in that token.
absolute tear. PumpFun has also made new, fresh year-to-date highs. I'm extremely bullish on
PumpFun. I don't really care what anybody thinks about them diluting the market, I think holding the token is going to be absolutely fantastic.
If all truly do melt up, that is something that you can size into.
The discussion emphasizes the potential for PumpFun to outperform Monero, suggesting a growth opportunity in the altcoin market as investors look for higher returns.
PumpFun. I don't really care what anybody thinks about them diluting the market, I think holding the token is going to be absolutely fantastic.
If all truly do melt up, that is something that you can size into.
And I think when you compare things to size into, right,
The speaker emphasizes the need for Bitcoin to cross over 100K to ignite further market growth, indicating that this price point is crucial for the next phase of bullish momentum.
out with a ton of bangers uh their revenue is uh creeping back up to how it was when things were
popping off over the summertime and that's really what i have to say about that, man. But we really need to see Bitcoin cross over 100K and really get the trenches ignited.
And, you know, we were talking about White Whale when it was trading at like 30 mil, 25 mil right around there.
The mention of the IWM and Nikkei trading at all-time highs suggests a strong growth phase in the markets, which could positively influence crypto prices.
But nonetheless, back to some of the earlier statements, you have the IWM and the Nikkei indexes all trading at all-time highs.
S&P still looks good.
Q still look good.
The speaker predicts that gold is likely to reach 4,700, indicating a bullish outlook on precious metals, which often correlates with crypto market movements.
new all-time highs every four hours, basically. And gold is showing no signs of weakness.
It's got a date with 4,700 probably before February.
I would not be surprised if gold punches a hole through 4,700 within the next couple of weeks here.
The discussion about Bitcoin's potential to catch a bid as profits from gold and silver are realized indicates a growth opportunity for Bitcoin as investors diversify their portfolios.
And Bitcoin is going to catch a bid.
And the best companies and equ going to catch a bid and, you know, the best companies and equities
will catch a bid and, and like crypto, crypto too, like that, that money will go farther out
