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MARKET TALK - BTC new highs loading up!? ETH leading alt season!?
Recorded: July 16, 2025 Duration: 1:34:31Space Recording
Short Summary
The crypto market is witnessing a significant bullish trend, with Ethereum and Bitcoin breaking out to new highs, while major tech stocks like NVIDIA also contribute to the positive sentiment. Anticipation around upcoming earnings reports and economic indicators suggests further growth potential, with discussions around UBI and institutional interest in digital assets highlighting the evolving landscape.
Full Transcription
Thank you. Thank you. Thank you. Thank you. you I'm going to go. Thank you. Music I can't remember anything, can't tell a difference is true or dream Deep down inside I'm feeling a scream
This terrible silence stops in there
Now that the war is through with me
I'm waking up I cannot see
That there's not much left in me
Nothing is real but pain now
Oh, my breath is high, wish or care
Oh, please God wake me
Back in a womb, it's much too real, it comes life that I'm lost real, I can't look forward
to reveal, look to the time when I live, and to the teenage kicks in me, just like a wartime novelty
Tying to machines and making new me
Cut this life off from me
I hold my breath as I wish for me
Oh please God wait Music
Music
Music
Music Oh, God. Yeah. . Oh, yeah. Oh I'm taking my sight, taking my speech, taking my hearing, taking my arms, taking my legs,
taking my soul, and there's life in hell. Thank you. so music so so what's going on guys matt how are you doing brother what uh what a song to start off the
show bro yeah robber stock in the triple digits man eth btc since i put up that uptrend uh has
been on a tear dude you have eth btc now making higher lows breaking out to fresh new local highs
iwm ripping face nvidia making new all-time highs man uh you have sbet actually ripping face and there are some rumors that uh if i'm not
mistaken matt that that the e foundation is actually otc-ing their eath to sbet and they
haven't been selling at all over the last few weeks ebts putting in the most constructive uptrend
since what matt i i know you follow this stuff too but we haven't seen a move
like this on each btc since dare i say q4 of 2023 to q1 of 24 where others btc rallied about
what was it 30 to 40 percent or something like that is about right and we have uh all the
confluence going on right now with the crypto
market with the genius act and all that other good stuff uh we've got uh the ppi reading today
which i honestly did not pay attention to because this cpi reading that we had yesterday was
a nothing burger to be honest we're bound to have some hot prints on cpi here and there but
if you pay attention to where Truflation is,
that it's usually a couple of months lag.
And of course, we also have DXY, which is also a multi-month lag.
We have ETH.
We have not ETH, but we have Bitcoin pressing up against range highs.
And I think we're going to hit 130 in the next couple of days,
if I'm being honest here, Matt.
We usually have the term that you say, the escape velocity move on BTC.
And any time we break that prior range high, which range high was what, 109?
Call it 110 over the last seven months.
And usually any time we break in those range highs, as we saw with 74K, as we saw with 32K,
it's typically indicative of a move of 50%, 40%.
I'll call it 40% just because of the law of diminishing returns,
but I still think we're probably going to see a move of 50% plus
just out of the move that gold did earlier this year where we saw gold putting in these weekly double-digit rallies.
And I think at one point, the gold rally was so crazy that in two days, it added the entire market cap of BTC uh the gold market cap and that's how much larger gold is and just how much the
trade still has left to play out in regards to uh btc catching up to gold um i personally don't
really see the point in holding precious metals i i don't i understand the uh reasoning if you
want to talk about the doomer mindset right what if one day you wake up and the dollar has no purchasing power or we have to barter again?
I'm not a believer in that.
I think the more time goes on, it's going to be more digital.
We're going to become more digitized as an economy as we progress forward, especially with UBI.
and economy as we progress forward, especially with UBI.
I think whenever UBI passes, which I think is going to be a real thing in the next five
to ten years, as crazy as people don't really believe in UBI and we saw what COVID did,
that was a small signal of how UBI can be.
I think UBI is going to be digitized.
They're not going to mail out checks.
It's just going to go straight into your checking account.
And with that being said, we look at where AI is right now.
To run these learning language models, it costs people thousands of dollars.
Just like back then, just to run the internet.
Internet was a hell of a lot more expensive 20, 30 years ago compared to how it is right
now.
I think AI is essentially the internet, but back, say, in the mid-80s, early 80s, maybe
late 80s, if you want to be optimistic.
And I think the rate of where AI is headed I do think
there's a position that people can take within crypto and uh I really like I really like Mike
Alfred man the the way he uh described um iron to myself and Donnie when he was at like eight bucks
nine bucks I think that's that's the next robin hood to me
but hood is up 10x over the last 18 months it's up 15x since we had that spaces in december of 2022
when i did that interview with you matt when i'm like man you know what let me interview these
guys that i've been doing spaces with and see how they came into the space and all that good stuff. But what an exciting day in the market, guys.
Solana back at its range highs at 177, 175.
It's had that multi-month resistance there for a while.
We have SPX 6900 in price discovery.
Let's go, man.
Shout out to Mirad.
We're seeing the broader all-coin market catch a massive bid and you know i
remember matt i'm not sure if you were there but mike was hosting a space over the weekend
and he was asking me what i'm seeing in the market and all that stuff and um i pulled out the eth btc
chart that i have pinned on my personal profile and i I have pinned on my personal profile, and I have it pinned on my personal
profile for a reason. It is one of the only times this cycle where I have put my name out there,
and I said, look, ETH BTC is going to rip face. And that is a bold claim, by the way. Many people
have been calling for ETH BTC to bottom, for eth btc to skyrocket in the immediate
short term and they've all been dead wrong and i put this up in my personal profile and i overlaid
eth btc on top of the iwm and of course matt and all the hundreds of people that are live here on the spaces, you all know that my confluence for ETHPTC skyrocketing. And I also think Bitcoin is going to like 200,000 plus for what it's worth. I'm not going to say 130, 140K. That is way too much of a low ball, especially if the Fed is still doing quantitative tightening. But my confidence with that is beta to the IWM as well, which is Cathie Wood stock ARK Invest, which for the first time in what, Matt, half a decade where ARK Invest is finally in a bull run.
And Cathie Wood is she's she's clearing her stack right she can take profit
it's all good she's having she's starting to open up a cash position which I'm sure is going to be
funneled into these uh into these crypto proxies in Shradfly uh that one company that you were
talking about Matt 21 cap that's one that i'm probably
going to shove into when it comes out and potentially it could perform um as uh as circle
did which to me is uh another top pick of mines and talking about circle talking about circle
ladies and gentlemen circle is a couple of points away from all-time high.
And if you guys remember, during one of our previous streams, as Circle was back at sub 200, it was trading at like 160, 170, I was like, look, if you miss the melt-up, the initial melt-up from Circle,
If you missed the melt-up, the initial melt-up from Circle, this is a perfect time to get in because you have the Genius Act where you have the head of the treasury, Scott Bessent, tell you in your face that he thinks that the stablecoin market cap, the total addressable market, is worth up to $2 trillion to $3 trillion.
And that's the market
cap that Bitcoin has right now so you ask yourself what's the greatest way if
I'm a trad fi investor right and I want to shove in size I'm talking like 100
mil 150 mil 50 mil in one clip you can't do that on a shit coin you can't your
slippage will be huge the best way to do
that is in trad fi and the only asset in trad fi right now that is liquid to address these big
players is circle internet group and you have blackrock who's majority shareholder of of circle
and the total addressable market in my opinion is a hell of a lot bigger than people
than people can even fathom in their minds so circle group still remains uh one of my top picks
as far as stocks go so we got hood we have circle uh those are your high caps and then for the low
caps iron which is is mining and AI.
But that's more of Mike's things.
And I guess that's what happens when you start networking with people that are way, way, way richer than you.
And also, of course, have been in the market for almost as long as you have been alive.
I think Mike has been in markets since like 97 or 98 or something like that.
I think he's a little older than Joe, where they're right around the same age.
So we'll see how that trade pans out.
Again, I'm not sure how the PPI reading was at all, but the next thing to watch out for, guys, is probably the FOMC meeting that we have next week.
Again, I'm not sure how the PPI reading was at all,
I did message Donnie to see if he was going to come on the show.
He's speaking to some exchanges right now for some listings so maybe he'll pop in but if not he'll be on the show
for the uh for the weekly wrap-up on uh on friday and you guys are gonna have to excuse my voice if
it sounds a bit raspy i've been uh streaming pretty much every day for about three weeks now
so on top of the discord calls and this and my own personal streams,
we're talking just as much as probably one of these telephone operators that just call people
for infomercials or whatever. But anyways, man, I want to welcome up Aphra. I want to welcome up
Matt. Guys, if you all want uh check out the chart that i was
talking about a few minutes ago as far as eth btc overlaid with the iwm feel free to open up
the spaces tab and then right up above you'll see it i uh i go through it in great detail
and uh i put my little arrows and all that stuff trying to be fancy with it like some of
these other chartists but I want to welcome you all welcome back to market talk brought to you
by because Bitcoin I'm your host Wabi we have an incredible show for you all today hope you're all
doing great thanks for tuning in whether you're here live or listening to the recording I see some
people up here in the audience that have been on the show
before. Gary, if you want to come up and talk shop, I'll send you an invite. Crypto Bull God,
I'll send you an invite if you want to come and talk shop. I think Omar has come up to talk shop
as well. If any of you guys want to come up and talk shop, feel free to do so. I want to open up the floor a little bit,
just given the price action that we're seeing. And if you guys have noticed over the last two
and a half years, over 85% of the time that we've been in this bull market, 85% has mostly been
non-trend. It's been consolidating. It's been ranging. It's been chopped.
And the other 15% is when you get the big barracuda, the huge meat of the move.
And I would say this is probably the start of the true cycle where you start seeing the Fed
not be as hawkish and go towards more of a more of a neutral stance.
And again, all we have to do is just take a look at the move that gold did.
That's going to that's going to trickle down into the crypto market.
So, guys, before we officially get started for you all, before officially get started go ahead and show some
love to the space the best way you guys can do that is by clicking the spaces tab and then once
y'all do that right up above our awesome profile pictures our pfps you'll see a little box called
the jumbotron or the nests i'm not sure what people call it now these days but there's a little link that says x.com slash i slash spaces go ahead and click that link smash up the like button smash up
the like button if you're grateful to be here smash up the like button if you're loving this
price action and also just as important hit up that repost hit up that retweet button does a
number of things helps get more eyes and ears to the brand, to the show, helps us get more out into the algorithm.
And of course, I'd appreciate it. Only takes a couple of only takes a couple of seconds.
But I also appreciate how much of a good job y'all do with that stuff.
So thank you all for coming through. I'm going to go ahead and pass it off to Matt first.
I'm going to go ahead and pass it off to Matt first.
Matt, what's going on, man?
It seems that the summer, and I've been saying this during every stream,
it seems like the summer has continued to prove that this is an environment for offense, not defense.
And the price is telling.
The price is telling, man.
But welcome back to the show dude robin hood
over a hundred bill market cap you gotta we called that you gotta love to see it and that's
that's escape velocity that's an escape velocity play that is uh that is a uh a unicorn a true
unicorn calling something out when it's trading below 10 bill and then seeing it go to over 100 bill in TradFi, that's a hell of a lot different than trying to call out a unicorn.
I don't think it was a unicorn. We laid out a very logical case why Robinhood was the retail app of choice and had nothing but upside as they're just capturing so much market share.
You know, remember those conversations?
I was saying like, look, they already are the go to place for options trading, for quick stock trading for retail. They have a
growing, large and growing presence in crypto. They're dabbling in all sorts of other
areas of finance. And they're an easier, more intuitive app that just everyone uses.
And that was a conversation one and a half, two years ago.
And I remember saying like, you know, I'm bullish Coinbase and Robinhood,
but I predict that Robinhood is absolutely going to run away with this as, again,
they could have one leg in all the hottest equities in TradFi, one leg in all the hottest equities in TradFi.
One leg in all the hottest crypto.
And now they're getting into prediction markets and betting.
Like there's just nothing that they're not trying.
And it's impressive.
You know, they're move fast, break things, take spaghetti, throw it against the see what sticks like they're trying they're trying and doing it all and coming for everyone's
market share so yeah i don't i don't think they're a unicorn i think they were um like a sleeping
giant i think they also added uh staking to platform. I think they're the only TradFi platform that allows crypto native staking in one platform.
And you're also able to bridge USDC in and out of Robinhood.
And I'm not even sure if Fidelity or even these other brokerages like a Schwab are going to ever do that.
I think those platforms are outdated.
And I mean, investing is just becoming more gamified.
You remember when Robinhood used to do those giveaways?
They used to do those giveaways of like Doge and all that stuff.
I think that's when you start seeing uh probably a big
local top come in when they start doing giveaways of uh of shit coins again and more shit coin
listings that's probably uh something to watch out for but did you cat did you catch the uh ppi
reading today uh i don't know no nothing I mean, like we probably could have guessed what it would say as soon as we knew CPI earlier in the week.
Right.
But in the market, the market definitely reacts more to CPI than PPI.
Yeah.
Yeah.
And so.
And on that topic, 2.7 percent.
So that pretty much solidifies.
You were talking about what will the Fed do next week with their FOMC meeting.
2.7% CPI in a strong labor market.
There's no way of a Fed cut anymore.
I think you were flirting with a 10%, even up to 15-plus percent chance earlier in the summer, late in the spring. But now even
even the talking heads and FedWatch, everyone gives it like a one or two percent chance of a
rate cut. There's just no way, no way. And for good reason, like the economy is strong.
The economy is strong.
Markets are red hot.
Whether you're looking at PCE or CPI, asset prices are still increasing month over month, year over year.
So honestly, it's not the time for rate cuts.
I know that that's what Trump and the administration wants. And I shared up in the Jumbo Nest, if he's able to get rate cuts either through DronePal
or with the next Fed chairman, I think that's the kind of stuff that gives us a market blow
off top, whether you're talking Bitcoin or broader indexes. That's absolutely the stuff
that gives you a blow off top. But right now, no, I really don't see any reason for the Fed to cut rates.
I'm happy with this March higher, this steady stair step up in Bitcoin, in stocks, etc.
Like this is good. This is healthy. This is what you want to see with a sustained bull market.
I don't necessarily want to blow off top in late summer or mid-fall.
Don't you want the music to go on longer for higher gains?
I certainly do.
I think the only people who would want a short-term blow off top are obviously the options and the futures traders.
But we'll see.
I think the biggest catalyst on my radar is not next week, but in two weeks, you've got
the bulk of the S&P 500 all reporting earnings.
That's your NVIDIA, Microsoft, Apple, Amazon, Google,
Meta, Tesla, etc. All the big $1 trillion, $2 trillion, $3 trillion plus companies are
reporting their earnings. And I think bulls are licking their lips. You had not one but two solid quarters this 2025.
Labor market's been strong.
Inflation hasn't run amok.
It's still, you know, okay, yeah, we got a little pop to 2.7 this latest reading,
but it's not in the danger zone.
Tariffs keep getting postponed or exclusions for this or deals for that so like all all projections
all all estimates um think that s&p 500 is gonna knock their earnings out of the park um no one's
bearish these earnings it's all it's all about like well how big is nvidia gonna beat by how big is NVIDIA going to beat by how big is, is, is a meta going to beat by,
you know, Microsoft going to beat by no one's,
no one's calling for a, for a bad earnings season. And why would they,
why should they? So yeah, I'm excited for what we get two weeks from now.
Obviously if, if the S andP 500 meets and beats expectations, that's more money frothing around,
more liquidity is going to go farther out the risk curve. Obviously, that's where Bitcoin lives.
Bitcoin's going to catch a bid. We're going to hit 125 and then we're going to hit 155 in my prediction in fall. And away we go. But yeah, either way, what happens,
I think asset prices are moving higher. It's just the trajectory that's in question.
Matt, it's going to be quite a sight to see when the cycle actually extends beyond the
four-year cycle.
We haven't even had the SBR go live, which could potentially be the actual blow off top,
similar to the move that gold did a couple of months ago.
And if we actually see gold go into price discovery again with crypto
now starting to catch up to the insanity that's been going on the equity markets over the last
month and a half it's it's truly going to be uh the late 90s all over again and i'm not sure if
people realize this but bitcoin is about to flip amazon stock and that that is that is absolutely huge that is
absolutely massive man uh gold's so quite the ride i i know i know you're not interested in gold i'm
not interested in gold in owning it in owning it but it is absolutely important to watch it to see
what it's doing because it's still the largest asset on the planet at 20 trillion roughly.
And you're right. It moved 100% in 100 days while the rest of NASDAQ and S&P 500 and even Bitcoin
was having a correction. It was really important to dig in and figure out why.
Like, why were some of the biggest asset managers and central bankers on the planet piling into gold?
And then what could that mean for Bitcoin?
And what could that mean for other equities and companies?
So, you know, if this is a repeat of 2020 or if this is a repeat of 2011, 2012, gold, it seems like every time gold moves first, it goes on to a bull run and then a parabolic top and then can literally trade sideways for years. We saw that in 2020 where
gold made its new all-time high ever first, before S&P 500, before Bitcoin, before anyone else
in late 2020. Then it literally traded sideways for almost half a decade. So gold just made its move. Call it 3,333 just to put a number
at it. But 100% in 100 days, you got to figure that's going to be a long-term consolidation for
gold. Now money is obviously moving farther out the risk curve. S&P 500 is in price discovery.
Nasdaq's in price discovery. Bitcoin's in price discovery. Here come some of the smaller cryptos. Here come some of the smaller NASDAQ companies,
and everyone else is catching their sympathy bid. Yeah, this is going to play out a lot longer than people think. Like you made all the hard choices back in the winter
and back in the spring.
You were buying Bitcoin at 85K, 80K.
Maybe you got lucky at 75K.
Let this play out.
You did the hard thing in the correction.
correction, enjoy the blast off.
Enjoy the blast off.
Matt, what are your thoughts on ARK Invest here, man? It's something that I'm still not seeing on
my timeline. And it is now firmly above those April 2022 highs, which I think – I mean, take a look at ETH BTC, right?
I was here on the show with Donnie saying that it's ETH's time at $1,400 USD.
And with ETH BTC calling out that bottom as well in June after – think Circle, IPO, and essentially Gave.
Let's talk about ETH.
Let me ask you this, Wabi.
Let's talk about ETH.
So for crypto, let's pretend Bitcoin – let's not talk about Bitcoin.
Let's just talk about crypto.
What's the biggest narrative you think is going on in crypto right now?
So I think it's stablecoins and I personally think that...
Stablecoins, okay. Yeah. And I think just to put this into perspective and all these spaces are
recorded. My Twitter profile is recorded and I'm also, you know, I'm a part of an alpha group with
like a thousand active members. So all my stuff is tracked and i've been saying recently
how how uh eth right now is about a year behind bitcoin and what we're seeing right now with
these inflows on the eth etf it's basically catching up to where BTC flows were when the BTC ETF, when I bet went live.
And you'll notice that when the inflow started to pile in in mid-February, that's when BTC
finally broke out of that 45K resistance.
If you remember, after that move out of 3,100, we gapped up to say 44, 43, 45,000.
If you remember going into Thanksgiving into early December.
I do.
And if you put two and two together, BlackRock is buying, like, 10% of a yard, 100 mil worth of ETH every single day over the last two weeks directly. And then you have SBET,
and now you have these ETH treasury companies. And now we're starting to see all the Twitter
spaces come up again, calling for the death of ETH BTC. And if you pull up the chart on ETH BTC,
by the way, Matt, and I've been covering this on my personal profile we are now officially above the uh the uh four hour 200 which is where things really get moving
and i think we're pulling out pulling up to the uh 200 daily moving average on eth btc which is
something that we haven't done for multiple years now.
So you of all people know, anyone that plays TradFi knows that once an asset gets above the 200 daily moving average, you have a bull market in front of you.
That is the full, full, full confirmation of an uptrend.
And you have these algos that pop up at these big institutional desks once these algos kick off.
I'm pretty sure like right now as I'm doing the space and I put it on my personal profile, go ahead and put it up on the nest.
ETH BTC is like 1% away from being above the 200 daily moving average.
away from being above the 200 daily moving average.
It definitely got a nice pop and breakout. Absolutely.
I think, correct me if I'm wrong, I think the two biggest narratives out there in crypto land is stable coins. You're absolutely right. And then digitization of real world assets, tokenized stocks and equities and etc. Would you roughly agree?
Yeah, I think that's why Pengu has been catching a bid.
has been catching a bid.
But what gives me pause and why,
so if we go back a year or even six months ago
when ETH was just in that relentless downtrend,
crashed through 2,500, crashed through 2,000,
on its way to 1,500.
I was saying back then,
if you ever see ETH get back to 4K, on its way to 1500. I was saying back then,
if you ever see ETH get back to 4K and nothing has changed,
why would you not finally get out and sell?
What's actually changed?
Is ETH better?
Is the stablecoin volume moving back to ETH? No, not at all. Is the tokenization in real world assets moving back to ETH? Not even close, not at all.
it but solana can and they are licking their lips at when solana gets its spot etf a catalyst that
has not yet happened and like tell me what solana runs to if that if that goes public what it's 180
now does it just like turbo turbo pump right back to 280 or flip with 300 i think that's like you're
right eth is in a youth is absolutely just to some, just to add some confidence as well.
If you want to talk about ETH BTC itself, just looking at, just looking at the structure
since it put in that low in April, right.
And you pull out Bitcoin.
And I think, I think I mentioned this when you were last on the show.
I'm not sure if it was on monday but i'm pretty
sure it was this week if you pull out eth btc right and you look at the way we bottomed in early
april it's almost the exact same way how bitcoin bottomed out uh at 15k you have that lower time
frame consolidation between 15 to 17.
And then that huge breakout.
Hold on.
Hang on.
Let me cook you.
And then we have that breakout on ETH BTC in early May. We can say that that was the breakout that BTC USD had after that CPI reading in January.
And then we had that long consolidation, you'll remember, between January and call it early
March before we spiked up to $25K.
And that's the spike up that we're having right now on Bitcoin.
So ETH BTC going to say maybe the February highs, that would be $ 30K for ETH BTC.
So I think ETH BTC right now is Bitcoin USD in Q1 of 23.
And then ETH USD is where Bitcoin was basically right when the ETFs went live.
And we're having the same setup here.
up here. It's nothing to do with fundamentals, so to say, but the sell pressure, at least
It's nothing to do with fundamentals, so to say.
from the ETH Foundation, is now being mitigated through these treasury companies and also
these large institutions buying up ETH. Because you'll remember the disparity in ETH when it was
starting to crash to $1,300 was abysmal and then i'm like bro
this is now the time to get bullish on this asset and eith is up a hundred over 150 percent it's been
a no i agree it's been a it's been a hell of a trade uh anyone who bought under 2k uh is probably
going to get a 2x you're right the people The people who found the buy button at $1,500,
obviously, they've already hit a 2x and might get a 3. But in this one case for ETH,
just pull up the five-year chart for ETH USD. Not ETH BTC, just ETH USD.
Just ETH USD. Every single time ETH flirts with 4K, I don't care if it's the Ethereum Foundation or Joe Lubin or a bunch of other whales. It doesn't matter. Every time ETH flirts with 4K, tons of ETH holders all around the world all of a sudden are hitting the sell button. Not once, not twice, but three times now over five years.
Like if you get back to 4K, I'm telling you, like people will sell.
And maybe this is maybe fourth times the charm and you break out.
But here's the thing.
Why would you not sell at 4K?
And then, you know what? Hold on, hold on, hold on. Let me finish. Why would you not just sell at 4K? And you know what? If this is the real breakout, let ETH close a weekly or a monthly candle above 4,500. Or if you really want to be safe, make them close above 5,000. I'm just, I'm telling you, you, how many times do you have to get burned by this trade? And again, let's pretend that Bitcoin doesn't exist. You've got a big old bag
of ETH and you don't know what to do with it. Well, if you get back to 4K, get your profits.
Finally, you missed the first, you missed it the second, you missed it the third time. Here's your fourth chance to sell at 4K. And you know what? If it closes above 4,500, all you missed out on was 10%.
And then you'll take, all right, great. Here's maybe the breakout is for real this time. You
could buy back in if you really want to. Or if you want to be super, super safe and like, no,
no, no, I'm not touching ETH and I'm not playing that game again.
I want to see ETH close above 5K. How much did you miss out on? You missed out on 25%.
People don't get out of bed in crypto for 25%. That's what I'm talking about. If you can get
back to 4K with these multi-year these like multi-year bags of eath
that have been you know just causing pain and and in depression out there in crypto land if you go
back to 4k get your profits and wait for the breakout here's here here's the difference
between now and then it's it's kathy woods arc invest etf that's easy mode so if i'm seeing arc etf going
into a bull market you pull out you pull out arc arc innovation etf right the ticker is a rkk that
is a bull market and if i look back to arc's previous run after the covet nuke and you again
just check out my chart that i posted yes but the desk. No, no, no. That compares, that doesn't hold water because ARK holds a bunch of different
companies that have cash flows and interesting operating businesses. And I know that Tesla and
Coinbase are massive holdings of hers. And that is not the same.
You can't compare ARKK, which is, what, dozens and dozens of different companies to ETH?
That's not a fair comparison.
Well, I would say this, Matt.
Without ETH, there would be no altcoin market.
There would be no U.S.
No, that's not true.
I don't think so.
I genuinely believe that if ETH were to just disappear...
Who does the majority of stablecoin volume?
I know it's TRX.
I know it's TRX.
Well, who's second place?
Yeah, but who's second place?
Yeah, okay, fine. Tron trx well who's second place yeah but who's second place yeah okay fine tron is first who's second place i i would i would assume eth if if i take in see really now yeah
well damn yeah well damn that's what i'm saying like these metrics are going in the wrong direction
new new like let's just say real world tokenization and real world assets. Let's say
that really becomes a thing. Let's just say it does. I don't know if it will or won't. Let's
just say it does. Is it going to be on ETH? No, they can't handle the volume. They already lost
the stablecoin game. Everyone trades stablecoins on other rails. they've they're they're gonna lose the real world asset game
people people spin up xyz crypto on solana first and then other other rail other rails other chains
second they don't make it on eeth yes ta wise trading wise eeth is absolutely in a pumping
bull run but like again like to me like like, fool me once, fool me twice,
fool me three times.
Like, you've got to be careful before you just buy the local top again at 4K.
Wait for the breakout, you know?
I'll say this, Matt, real quick, and I'll pass it to Afro.
say this matt real quick and i'll pass it afro let me drink some water first uh by the way guys
Let me drink some water first.
the the water that i'm about to drink is iceland water okay it is probably one of the best waters
outside of saratoga all right saratoga natural spring water it's the big blue bottle that that is that is optimized for uh high performance
all right you gotta drink you gotta drink some saratoga natural spring water but i'll say this
about eth one more time or not one more time but i'll just state this um i do think should eth
blast through 4100 which is the current top right now, I think we gap up
real quick. And within two to three weeks after that, you probably reach a significant top for
probably a few months. Because Matt, I think we're probably going to just repeat the same thing
throughout the entire Trump administration. you'll have these massive massive
rallies followed by the long consolidations and then a huge vol event that scares people
and then uv reversed back to highs and it was like that during this previous administration but now
it's just more amplified because everyone lives on the internet now like if you have your money
Everyone lives on the internet now.
If you have your money on assets, tied up to assets, and you're not on social media, networking, talking to people, hearing different perspectives, then I would say your potential ROI for this market and edge is significantly less than someone who actually does that right you have billionaires
now going on spaces people whose net worths exceed 100 mil on spaces and they network they
talk they talk their book and I feel like just being around that circle of information would would increase your edge. And my edge right now with ETH is just low cap shitters on,
excuse my language, low cap stocks in the equity markets and ETFs now outperforming
mega cap tech in an environment where the Fed is about to stop quantitative tightening in the next quarter or so,
and cut rates and just shift more towards neutral.
And that's my edge with ETH
relative to where ETH was trading at back then.
And again, anyone is welcome to go on my profile.
It's up on the net.
Type in ETH BTC,
not a single post outside of what I had on the nest would state
that I think ETH BTC is about a melt face and so far it has I've said it on spaces weeks and weeks
ago after it bottomed out and I put it there publicly on on my profile and if if if I end up
being wrong then hey I'll take one to the noggin,
right? Like no one's a genius. If, if people were market wizards, um, they, they, they'd be
billionaires right now. I think it wasn't even until Warren Buffett was like 32 or 33 in his
early thirties where his net worth was like over a mil, um mil from that little chart that goes around when we talk about Warren Buffett's net worth and all that stuff.
And, you know, there's a time and a place where it's time to bet big on the market.
And I think for low caps, I think it's I think it's now.
And I think we have a hitter with Circle, hopefully with Iron as well.
But I'll tell you what matt the moment
that uh 21 capital hopefully robin hood oh hopefully robin hood lets us buy into the ipo
what's it called again matt 21 capital yeah uh is that what it's called i think that they're but
they're going they're getting um listed via spack so it's not going to be an IPO. Yeah. But still, I'm not interested in getting my
share diluted. I'm not buying the SPAC. I'm waiting for the merger to successfully complete
for them to officially list. I'll buy them day one or week one rather than get my SPAC
shares converted into 2.7% total ownership, something ridiculous conversion, that's a bad idea.
Matt, and what's their current valuation right now?
21 cap, what's their val?
The long answer is we won't know until they officially list, until the merger is complete and you see XXI listed on exchanges.
Their SPAC currently has a market cap of $450 million.
But again, any shares that you own of the SPAC, again, are going to get converted into only a 2.7% ownership of the final company.
So you can get really screwed.
I'm not a gigabrain when it comes to that math.
If it's too hard for me to figure it out, I'm staying away.
I'll happily buy day one, week one, which, you know, if you did that for Circle or if
you did that for what was the other recent CoreWeave, like no one's sad and complaining
if they waited to buy Circle day one or week one.
No one's sad and complaining if they waited to buy a core weave day one or week one
So I'll happily wait for it to officially list
Okay, yeah, yeah, I'll do that then I'll do that and
people are gonna be shocked at
The amount of gains they can catch in trad fi and I would strongly suggest that if you're in crypto and you make money on a shit
coin say you put in 5k 4k 10k and you 20x this quarter i would suggest bridging that over to a
brokerage account and uh just for the long term man just just for the long term but yo we got uh
afro afro you're off mute man i'm sure you're excited, bro, about this price action.
How are you, man? Welcome back to the show.
Thanks, dude. Sorry I came in late. It was leg day and I had a really busy day today.
So I'm just coming in. I was trying to speak to...
Hey, Afro, let me ask you a question, man. Do you like Jiu-Jitsu Kaizen?
Dude, I haven't seen it and everyone wants to put me on.
Man, really, dude? I hardly even watch tv anymore bro like all my stuff is literally just
poured into my business and i'm working or i'm hanging out with like family like nowadays
that's basically all i do so so the movie the jujitsu kaizen movie came out today
it's gonna be in theaters for about a week.
I saw.
It's called Jujutsu.
You got to watch it, bro.
Especially when Toji comes out.
Toji Fushiguro, brother.
When you see that guy pop on screen, dude, the ass-kicking machine.
Probably not seen since Goku first went Super Saiyan comes out.
And that's not, you know, just an ordinary statement.
You're going to get all the Hispanics watching, bro.
Mexicans love, love Goku.
Dude, Toji.
So in Jujutsu Kaisen, then we'll go back to talking about markets, but I just want to plug people on this in jujitsu kaisen right everyone has all these magical powers
using cursed energy or using tools that are filled with cursed energy and this guy toji fushiguro
is the only motherfucker in the entire series that uses his natural abilities he's like bro
i'm just gonna use ordinary weapons i'm gonna say fuck her energy
fuck her tools and he basically became the the top the top warrior in the entire uh jiu-jitsu
kaisen uh series for some time but then he got complacent but uh there's a moment in the series where he actually uses wolves and then he defeats a god.
But the way he uses his cursed tool is through his own force.
He doesn't let the tool use him, which again is insane.
But you got to watch the movie, bro.
Jujutsu Kaisen, hidden inventory arc.
It's only in theaters for about a week.
And it's badass.
It is badass.
But I'll plug you on in that afro it's only a limited uh a limited showing but i just wanted to plug i went
to the movies yesterday and it gets people hyped yeah yeah go ahead no i went to the movies yesterday
i watched the jurassic park movie and i mean it was entertaining but it kind of sucked but anyways
they they played um they played uh what's, they played a preview for that.
So you're putting me on.
There's some confluence there.
It's probably I need to get on there.
But as you know, I am sort of an ETH Maxie.
So when Matt was talking Solana, I was like, nah.
And the reason I say that is because I have not... If you want to post on the NES, go ahead and I'll look into it. That's fine. But I haven't heard anybody talking about setting up institutional rails on Solana.
Robinhood's going to be leveraging Arbitrum.
I know World Liberty Fi.
I literally know the people who they're going to be using as their ETH lending market.
Can't say it.
I've already talked about them once on stream.
So they'll come out with an announcement on that pretty soon.
And I highly doubt Trump's going to let a chain that he's on fail.
That same goes for Tron and for BSC too.
And I'll say this i i hold a couple like i hold a
pretty sizable bag of soul myself because it's a great trade and and honestly like that's where
you know i made some serious money uh during you know ai um i guess ai winter if you want to call
it that but i just i don't see i don't see and it could be my own you know i'm not a, I don't see, I don't see, and it could be my own, you know, I'm not a trader.
I don't, I don't think about these things as often as you guys do, I'm sure.
But I just don't see Solana as anything other than just a casino.
And that's fine.
Like, I love it.
I think everyone will use it.
But I just, I don't see anybody in TradFi talking about how they're going to use Solana.
I always see them talking about ETH and how ETH is,
the narrative is ETH is oil, ETH is going to power the machine.
So hearing that, I disagree, but at the same time, I could be super wrong.
And if I'm wrong, well, then, I mean, great.
I mean, if it hits 4K, that's great.
I mean, I still made a whole bunch of money, and I'm happy with it.
I'm happy with the bag that I have.
I just also see that, you know, the staking ETF is going to pass as well.
And institutions are going to unlock, like, institutions are going to unlock a yield-bearing asset.
Like, I believe the Solana ETF also also has staking i'm not entirely sure
but i mean i also don't really understand how salon solana's like consensus mechanism works
like if they like burn it or it's highly inflationary man it's it's actually it's actually
insane and unless it's super expensive It's super expensive to run.
Go ahead.
And those validators actually sell their Sol because it is expensive to run.
Chico Crypto made a video on that, but unfortunately it was when Sol was trading at like $2 back in December of 2020.
Shout out to Chico Crypto, by the way.
He used to be an og in the space but
um unless fire dancer goes live which is uh an update that mitigates a lot of the soul
inflationary tokenomics um souls probably just going to continue to struggle with all that supply
coming out into the market yeah so and he has deflationary. Like, well, ETH has deflationary periods, right?
Sometimes when, you know,
there's not really too much going on.
And now that, you know,
Solana took the, you know,
the meme coin market
and people are gambling on there,
you know, people aren't using ETH as much.
But I don't, like,
it might have won the meme coin market,
but that's not everything.
I mean, I don't think,
I don't think institutions are going to set up you know their accounts with with something that's going to be
one inflationary but two like maybe the maybe they don't care about decentralization
maybe they really don't care about you know uh anything like that. They just want to get their bag up. I don't know.
But I mean, I find it very, very hard for institutions
not to want to look at an institution,
like institutions to look at something that's yield bearing
and park their money there with these mega bags that they have.
And I just don't see them putting, using soul for that,
like whatsoever, especially if it goes down.
Good Lord.
But I think that's the point and i misspoke earlier um um i was talking about um coin creation not not stable coin volume my my mistake yeah if uh first is tron next is
ethereum for a stable coin volume um but i think that's the point. Whether you're talking
Ethereum or whether you're talking Solana, which chain is more likely to be able to handle
TradFi trying to put a whole bunch of tokenization and real world assets on it. Like we, uh, we were all here when, um, um, uh,
Bored Apes took down the theory.
I'm just trying to do their, just trying to do their launch, uh, back in 2022.
Um, that was one, that was one, it was hyped, but that was just like one launch
and it was a mess.
And Ethereum got so expensive because the volume was so crazy that one ever tried that since.
And that was three years ago.
At least.
I mean, have you seen gas now?
Like gas is way cheaper now.
Yeah, because no one tries.
Yeah, because no one tries.
Like they, we went down that path we
know what happens when if you we know what happens if you even tried like you you're you're um again
um to be to be fair i don't own ethereum i don't own solana but you're knocking solana for getting
all the for being a casino and where people can spin up any number of meme coins and stuff.
But that's exactly what TradFi wants. TradFi is looking for a working casino where they can
easily put a tokenized version of Tesla, of Meta, of Amazon, of Reddit and Robinhood.
They want to put a bunch of these uh tokenized digital uh
stock equivalents on a chain that can handle it um and i mean if you had to compare apples to
apples between the two of them you come away with well solana can i don't know if ethereum can
tron could about transaction speed. I mean, sure.
But that's it.
But that's everything.
But otherwise, why would you bother if it can't handle the transaction speed?
And why would you...
Just set it up.
Use the info from Arbitrum
or use the info from Base
or whoever who can do higher TPS.
I mean, that would be even more worrisome.
We see how much Ethereum profits from Coinbase's base, which is negligible, which is near zero.
They don't get any benefit, really, from Coinbase running base.
You're right.
That's a real worry.
What if these TradFi entities, what if they just decide, yeah, we're just going to spin off our own layer two.
It's a derivative of Arbitrum, but it's going to be like Coinbase's base
and very little if any value actually ever gets back to the main chain.
That's not great either.
Matt, do you take branched chain amino acids?
I'm sorry, what?
Do you take branched chain amino acids i'm sorry what do you take branch chain amino acids bcas um i think that's in my protein powder i don't know i don't know i don't really i don't really label you know
like whatever bc double a's do so check this that I use. And it gets your day started. It's called All Day You May by Rich Piana's company. Rest in peace, Rich Piana. 5% nutrition. So vitamin B6, 125 milligrams of B12,
73 milligrams of calcium, 54 milligrams of phosphorus, and then, L-isolene, L-valanine, and then almost 3,000 milligrams of L-glutamine,
carnitine, tartrate, and then 960 milligrams of taurine, raw coconut,
bromelain, blueberry powder, and then 800 milligrams. This is a mix now, right? Of beta,
of beta, of beta alanine, dicalcium phosphate, sodium bicarbonate. And then it also has 650
milligrams of a joint and liver support blend of D-glucosamine sulfate potassium and then some other stuff I
can't pronounce but it's MSM. Are you just reading off the back of your bag? Yeah yeah and some milk
some milk thistle some milk thistle and then 200 milligrams of uh lys, HCI, histidine,
tripo.
You need like a gallon of water
to get that to a drinkable state.
Like, that's so many grams
of so many things.
You've got to eat that with a spoon
or other.
Anyway, I'm kidding.
I really like,
I'm holding mine right here i just you know i like
my 100% whey protein uh optimum nutrition is my go-to but i try to stay away from anything i can't
pronounce that's just my rule of thumb yeah but i know it's just it's just basic amino acids but
uh it's like uh it's just like um like a Gatorade replacement or something like that, man.
But we got some other hands up and we're coming into that hour of the show.
I want to get what these guys think.
Crypto Bullies had his hand up for a while.
Then we'll go to Prometheus and we'll go to CK Cardano and then we'll wrap up the show.
Hey, thanks for having me on.
Just a quick a quick acknowledgement that I just think it's cool in general that spaces like this,
you know, I think social media has a lot of negative influences on society. But this is
one example where, you know, it's pretty cool because we're all ordinary people and we're all
nerds and we can get together and kind of share our view on things. So it's pretty awesome.
view on things. So it's pretty awesome. If your portfolio, if your crypto portfolio
is not up pretty big today, I would question what you're invested in. None of the moves really
on this end, based on things that I study and I share on my channel,
things whom other TA people in this space who I respect
that sort of guide me towards other views.
Because I formulate my own personal view of the market
based on other technicians in this space who I respect
and think add a lot of value to the space.
And then I do a lot of my own independent analysis. So none of this stuff is surprising, but I think that the biggest thing
that the, you know, I've been saying this for a long time, I think the biggest thing that this
space really lacks is patience. One of the things that I'll routinely speak to is the fact that if you're evaluating a lot of macro charts that tell you you have a lot of upside potential based on historical data, you're going from point A to point B.
What happens from point A to point B? There's a lot of volatility. There's a lot of change in direction that you might not expect.
But you're still going from point A to point B based on if you're looking at the right charts based on those views.
The other thing I would share is what's quite interesting, and I think for those newer to the
space, you really need to pay attention to this. Bitcoin dominance peaked at 66 percent i think it was 66 percent uh we're only last time i
looked at the chart we're only at 63 percent and i see these big accounts talking about plummets in
bitcoin dominance bitcoin dominance has not plummeted a five percent drop or actually less
than a five percent drop is not a plummet we're not even below 60%. What do you think is going to happen in the altcoin space once Bitcoin dominance is approaching 50%?
That eventually breaks.
Ethereum starts to break $5,000 and enter a blue sky breakout of new all-time highs.
What do you think is going to happen in this space?
Really pay attention to the projects right now and the narratives that are performing best.
A great example would be the meme coin sector.
You know, I was getting very irritated listening to a lot of people talk about how, you know,
the meme coins were dead.
They weren't going to run.
It was a one-time flash in the pan, what, the past two years.
And here we are.
And the stronger performers, a lot of them are meme coins.
Take a look at what Mog has done since Ethereum has started running.
That thing is up ginormous.
And Ethereum hasn't even broken $4,000 yet.
hasn't even broken $4,000 yet. So for all the people calling for a true alt season to not occur,
I would really question what they're looking at. I think a lot of people, and I'll get off my soap
box in a moment here, but I think a lot of people are very quick and want to be first in line to say
this time is different. We live in a world of probabilities. There's no
certainty in terms of what direction the market's going to go. But if you're looking at historical
data that has precedents, that has some statistical value associated with it that tells you more than
likely we're going to be trending in this direction. Why would you want to fight that trend?
Until proven otherwise, why would you want to go against the grain?
History tells us whether things look like 2017 or 2021, Bitcoin dominance is going to go a fuck ton lower. It's going to break 50%, and altcoins are going to run hard. I feel like I'm beating my head against the wall
sometimes when I listen to contributors out in the space saying this time is different,
Bitcoin dominance isn't going to break 50% or 55% or 58%. These altcoins aren't going to run.
What data are you looking at to tell you that that is the case?
So I would say buckle up because, you know, I think the next five to 10 months, I'm of the belief that the market, the market, some altcoins might top this year.
But I don't believe the market's going to top until the first half of next year.
We'll kind of assess things in the fourth quarter, but I think that more than likely would be the case.
We have a lot more upside to go.
A lot of these altcoins are still well below their all-time high,
many of which, some will break their all-time highs, some won't.
But there are a lot of large runs on the horizon.
Today is literally, this is the last thing i'll say today is like uh
firing up the jet engine you know the jet hasn't even taken off yet we're just firing up the
engines and warming up the planes so um and to the person who said today was leg day that is
the correct answer wednesdays are like they're back squat day hell yeah so every wednesday brother oh yeah wednesdays and saturdays
wednesdays i i hit back squats and saturdays it's more of a dead lifting day with some other
compound movements but i feel you ck what's up man what's up uh because bitcoin thank you for having me up man um super super dope space big
fan i haven't uh i was enjoying a lot of matt's just contributions and everyone's contributions
to the discussion um i think yeah pretty much bro whatever your game this cycle there's gonna
everyone's gonna win i think the rising tide lifts all ships is in full effect so i think whether
you're in solana ethereum xrp bitcoin lite, all that, you know, if you're in the major projects, you're going to do well.
And, you know, at least have an opportunity. Long game though, right?
Okay. We've got the difference between unspent transaction outputs and accounts models.
outputs and accounts models doing this really quick, you know, like the snow globes, right?
Doing this really quick. You know, like the snow globes, right?
With the, with the, like you can shake it up.
I'm just saying, imagine a crystal, a glass sphere that was impenetrable, right?
And inside this glass sphere was 21 million grains of sand.
And each grain of sand was divisible by a hundred million units called Satoshi, right?
So now we're understanding that inside this impenetrable sphere is like the network that we can all audit.
And because each grain of sand, we all know, hey, the protocol says 21 million, 21 million every 10 fucking minutes.
We all validate, yes, 21 million.
We also, freedom's built into the protocol.
You're right to spend it, all this stuff.
So what I'm saying, though, when we talk about mathematical formalism and determinism and security,
and if I'm in a room with Larry Fink and it's me versus
Ethereum or Solana or anyone that wants to have a conversation about EVM and accounts,
you're proper effed me. And it's just math. And I mean, to impact this, so here's why, right?
So, well, I'm not going to go into all the why, but the UTXO is like that. It's the grains of
sand. It has mathematical formalism and it runs to infinity. I appreciate the nuance of the
conversation that Ethereum is sometimes deflationary, sometimes not. Great. But guess what? You do not have
the certainty ad infinitum of 21 million, 84 million Litecoin, 45 billion Cardano.
The reality is Bitcoin might swallow 60 to 80% of global value, and that will be tremendous.
And the rest, the 40 to 20% is these expressive layers that are likely very, very, very highly likely going to be UTXO based smart chains.
I think one of the like the slow death of Ethereum, the bleed to Cardano.
And I say just as friends, I think you've got this cycle to be fine, right?
You're going to make money.
But five years from now, you're probably fucked.
And I say that with love and respect.
You know, I think Cardano is going to eat your lunch.
And then we've got night launching.
Also, just there's an airdrop that's going to be announced.
There was a snapshot that was taken on June 11th.
You qualify.
Look into it.
There's eight chains, Bitcoin, XRP, Ethereum, Solana.
So we're not trying to talk shit.
This is, again, it's an airdrop.
And we're saying, hey, here's free money.
Come play.
And what is that?
That's the Bitcoin DeFi building on Cardano and privacy. A lot of special sauce. Anyway, pivoting to the macro guys,
why are we all going to make a hell of a lot of money? And amen, because Bitcoin, what you said
there about if you have a righteous come up and you turn $1,000 into freedom, I thought he was
going to say, roll that into Bitcoin. And I was going to say, F yeah, that's the game, right?
That's what I think the toxic maxes are missing is we got folks that are trying to turn $50 into freedom because they work really
damn hard. But at the end of the month, right after feeding babies and paying the rent,
you got $100. And I'm sorry, sailor and anyone that wants to say, right, that's a reality.
And that was a promise of the early Bitcoiners. And we do ourselves a disservice. And we,
we, we cease to build the community as much as we can by engaging and having these conversations just like this.
These are the spaces where the the scientia potentia est is alive.
The power of this knowledge and the way that we can help each other make our money make money.
Anyway, so we're looking at crypto week, right?
Let's not get shook by the Nancy Pelosi's and the folks that are obviously gaming us just like they've done with the tariffs.
How many times have we seen 50% tariff?
You let it cook for 72 hours. Your buddies knew you were going to do the tariffs, so they shorted the
market, right? And then, oh, never mind. It was 90 days, but 72 hours was enough, right?
This is what they're doing. All these bills are going to pass. Because remember, if you guys,
it was what, 26 days ago, the national debt cleared 37 trillion for the first time.
the national debt cleared 37 trillion for the first time. Guess what? We're at 111 billion more
in 25 days, 26 days. That's more than like what? 15, 20 times the market cap of Litecoin,
for instance, 84 million. So I'm going to land the plane here. We have kingmakers in the market.
People like a lot of maxis like to say, oh, the free market speaking, Bitcoin's winning.
Let's get out of here. There are two vehicles. Bitcoin spot, Ethereum spot.
Guess what's about to happen?
Litecoin.
Why?
Because we all know it's a commodity.
The SEC said here's Gary Gensler.
So don't miss it, guys.
And a million dollars in a Litecoin is the same 1% as a billion dollars in a Bitcoin.
If someone did what Michael Saylor, we've all seen Michael Saylor spend $2 billion six consecutive weekends in a row.
Y'all realize that's all the supply2 billion, six consecutive weekends in a row?
Y'all realize that's all the supply of Litecoin?
So it's just going to take one billionaire to realize, because really, with love and
respect, I'm saying this with love, you're R-worded if you're the big guy on Wall Street
and you think what it is.
Bitcoin is creating the new world.
Grayscale is going to create the vehicle.
They're cooking the same recipe.
Remember the Bitcoin trust?
Remember the early sales pressure? the Bitcoin spot, the trust? Remember the early
sales pressure? Where's the sale pressure from? Grayscale's trust going into the IBIT and the
more favorable percentages, right? What's Grayscale doing? What have they been doing for the last year
and a half? Aggressively acquiring Litecoin, right? They already have more than 2 million.
So get with it, kids. If I could interject. Hold on, hold on, hold on. Let me. No, no,
before you end, because I want you to respond to this.
Before you end, I want you to sincerely respond to this.
I just have to interject every time you say Litecoin, though.
Litecoin made its all-time low against Bitcoin three days ago, okay?
So unless you bought Litecoin within the last 48 hours, you have lost money against Bitcoin.
You have lost value against Bitcoin.
It literally, again, Litecoin literally made its all-time low ever three days ago.
So I don't know what you're talking about.
up. We are looking at the chart, like pulling it up. Let's see on April 9th, it was $68.
Then it was 104. So if we're going to look back at the chart and, you know, past the prologue,
what I'm saying is I would bet you a Bitcoin bro, that Litecoin hits $300 300 which is about uh uh all time i was around 400 litecoin's gonna hit 300
before bitcoin hits 300 000 yeah i'm your huckleberry you know why because duh like it's
only gonna cost a couple million dollars and the fact of the matter is because the people that have
the suits are gonna see the multiples look at the chart today hell bitcoin's breaking its all-time high in shit, right? So Bitcoin today is 1.39.
Litecoin is 2.97.
Cardano is fucking 4.73.
All I'm saying is don't live in yesterday when this weekend the legislation is clearing the way.
I'm going to land a plan on stable coins.
They tried ChokePoint 2.0.
They realized Tether's the most profitable company in the world. Banks are going to cease to kill it because they're going to get
their cut, even if people are doing the whatever. And the reality is the dollar's dying. There are
a billion damn new units. I guess I'm going to land the plane in this. There's a lot of obvious
pieces. Hold to the fundamentals. All of this conversation is good. Matt, I so very much
respect your opinion
and your view. And I am absolutely open to being wrong. And I actually do agree. I think you are
being very, if we were playing best chess, and I was talking to him, like if I had a kid, right?
I had some 17-year-old kid that's applying for colleges. And I say, okay, what are we doing with
this play on the CEP? Are we going before or after the ticker flip? Because we know it's coming.
If he told me your rationale, I would be fucking proud of you. I'd be like, you know what, man, you may or may not make money. You're going to make money either way. Either you're making money either way, whether you buy before or after the ticker flip, because Bitcoin is going to win. And look, I'm going to, okay, I'm going to, did you guys see this news yesterday about the Bax company and Cantor Fitzgerald? Basically, look at the per Bitcoin per share, Matt. Remember,
that's what Jack Mahler is saying. And he sees that the millennials and Gen Z have been fucked.
And so I think he might be cooking a recipe because remember, our best marketing is green
candles. So he's got two ways you can play it, right? You pay the suits on the way in or you say,
hey, suits, let's keep the discount. Let's throw this on the market and let's rocket this bitch.
And then the ultimate cook is if they're smart, they're going to play sailor and maulers against
each other like football teams. But we all know how Bitcoin works. There's only 21 million.
So Metaplanet success is XXI success, is MicroStrategy success, is that is every treasure,
is Grant Cardone's real estate business success, right?
You share in the success of the network, right, of Bitcoin commensurate with your holdings, commensurate with your participation.
So I love it, guys.
Bullish, don't get shook.
They're going to game us with votes that they're going to fail on a Friday because they know they're going to pass it next Tuesday.
So don't get hooked that way.
Awesome conversation, guys. Thanks for having me up and allowing me to ramble.
I think the Bitcoin treasury company discussion is super interesting. You don't have a dozen
anymore. You don't have five dozen. You literally have over 100 different companies playing in the Bitcoin treasury game in one way or another.
Everything from the very large Tesla down to the newly announced Adam Back entity with Tiantra Fitzgerald that just got announced yesterday.
So there's lots of different and they all have their own different flavors and business models. You know, everyone's very familiar with, with, uh, sailor and his, um, uh, uh, you know,
his, uh, uh, different, uh, preferred shares, uh, different, uh, tapping of this or that
debt, uh, tapping ATM, the ATM when it's advantageous to him.
capping ATM, the ATM when it's advantageous to him.
But what I'm super interested in,
and wrapping it, coming back to 21 Capital Lobby,
I am very interested in a Bitcoin treasury company
that has cash flow that still makes money in a bear market.
And that's why I really like Jack Mahler's 21 Capital because
this is Tether's answer. This is Tether's way of playing in US markets because they're going to
put their cash flow towards 21 Capital. And let's face it, stable coins do some of their
best money making in a bear market as everyone flees to safety, as various crypto XYZ flee to stable coins, as even some without, some unproven, some even private that don't want to list yet on indexes. extremely interesting. They're going to come out, I think they're going to initially offer
at roughly 40,000 Bitcoin in their treasury. And then you got to expect that's going to be
100,000 Bitcoin by what? Sometime early 2026. But again, the part that super interests me is if Tether is going to be the largest shareholder in 21 Capital and continue to point a portion of its cash flow at 21 Capital into the future, professionally into the future.
Boy, they are going to have a ton of buying power in a Bitcoin bear market when a lot of these other treasury companies might be falling by the wayside.
So they are like I've got them highlighted and underlined and sticky noted everywhere.
I love Bitcoin. I certainly I'm not selling any of my Bitcoin to buy 21 Capital,
but I might take a big bite out of it when they do go public.
Well, guys, I got gotta wrap up the stream here i
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