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Market Talk- BTC NEW HIGHS THIS WEEK!? ALTS ABOUT TO POP OFF!?
Recorded: June 10, 2025 Duration: 1:27:50Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. you Oh Oh Two worlds collide, rival nations.
It's a firm and a glass.
It is at riskation.
Resilient hope against hope.
There is so much escape.
It seems our freedom's up against the rules.
Got the problem this day. Is it easy to discuss? Oh There's a quest for that Suzanne and Prince of the First
In the front of the sky, breaking like a spider
In a burning heart, the other state will have a fire
In a burning heart
In the glory of the cold, there's no surrender Oh It's the paradise that passes the world
It's a level of wills in the heat of attack
It's the passion that kills the victory of stars of love
And it's burning hearts just about to bless
And get your arms apart So long and close to the last
And I thought it's night
Rising like a fire
If I burn these all
You must get the roof off Oh Oh All axes at a pitch on the board In the podcast stars
Broken like the sky
In the burning heart What's going on guys happy happy tuesday man the s&p just keeps on uh making new fresh local highs
nvidia is a couple points away from making new year-to-date highs as well
A couple of points away from making new year-to-date highs as well.
BTC was in the inch, within an inch of price discovery again, man.
Hyperliquid also in price discovery.
Farcoin is up like 35%, 36% since the Coinbase listing.
We also have SPX 6900 a couple of points away also from going into price discovery.
I'm pretty sure, unless I'm missing something, some random ticker,
but I'm pretty sure SPX6900 is the first meme that has come out this cycle
that is within the inch of going into price discovery.
It's up like 60% since I mentioned it once again to the discord group
i remember when we had murad on the show back in september when nobody really cared about the
main point super cycle um some random tickers on soul over the last hour are up like two thousand
percent names that uh we had traded last year over the summertime. And I'm guessing that's kind of the market environment that we're about to enter, right?
With the S&P about to go into price discovery, just rug charts.
And you never know which ones that just come out of the woodwork.
And they're up like 2,000% because some whale scooped up 30% of the supply.
And it just goes into price discovery.
And it is what it is, right?
You truly know that you're about to go into a bull run when you start missing tickers left and right.
Not everyone's going to catch every single ticker that pops off.
And if you do see someone that says that they caught XYZ ticker every single day,
some new runner of the day, and someone is saying how they're catching all the runners.
They're probably lying to you.
But nonetheless, ETH continues to outperform Solana, which still pains me to see how lackluster
it is.
And it just proves the case for hype to continue to capture the market share from the sole
L1 token price it's just that
on hyperliquid there's really not many options um to bid as far as on chain tickers go
but i do think that is probably going to change guys soul on chain didn't even exist
to a large degree until q4 of 2023 um because last bull market the only thing you were able
to buy on soul was shit like radium um and some other ticker i can't remember the name but
i think sbf endorsed it and had some crazy crazy fdv i know there was ray and
crazy FDV I know there was Ray and there are like two other tickers as well that had these crazy
these these crazy inflationary locks I think one of them was Bonfita that was another ticker on
soul that was popping last cycle I just can't remember that one other ticker. But needless to say, Sol still ran to like 70 bill in market cap last cycle without there really anything being on chain on Sol.
It was just part of the L1 trade, right?
Solana, Luna, AVAX, Cardano, and maybe Harmony and Phantom, right?
Maybe. X cardano and maybe harmony and phantom right maybe but nonetheless guys pretty exciting times
that we're experiencing here usually the summers are a bit more muted and tradify catches more of
the bid and it seems like this time is actually a bit different. Lots of volatility. You actually have a top 10 token
going into price discovery, which is hype. I'm not really counting Tether and USDC or
wrapped Bitcoin or Lido Ether as part of majors, right? Hype is actually top 13 because of stable coins but if we're talking just
native crypto tokens right with like you know fucking unlocks and usually stuff that you
expect from alts right most alts are inflationary they have unlocks staking rewards stuff like that
whether it's uscc tether rapid coin you don't really have those features so i'm considering hype a top top 10 token um regardless if tether and circle are valued
wherever this is that they were at um speaking of circle um the stock not necessarily usdc
usdc um i think is going to continue to capture Tether market cap.
And that's going to reflect on the stock price.
You're seeing Circle here with a bit of a pullback after being up only for the last
couple of trading sessions.
But that's kind of my opening statement, guys.
Hype and price discovery.
SPX 6900 is about to go into price discovery.
We have Bitcoin flirting with price discovery,
which is probably going to come once we see the S&P go into price discovery, which
is about 90 points away. The S&P closed at 6040, so about 90 points in order for us to go into price discovery and when you have btc like two percent
ish away from making new highs you're gonna have to you're gonna have to expect the unexpected
which so far right from what we've seen over the last few months a lot of people have kind of just
expected btc to do the same thing that it did in november of 21 which is just a slightly marginal
high and that's exactly what we did in january and also a couple of weeks ago so i kind of feel like
a lot of us are now conditioned to us just seeing that slightly marginal high push.
But I think we have to expect the unexpected at this point, right?
Which is a blast through the all-time high.
So we're probably going to wake up one day and see BTC pushing towards 120K.
And then alts just go batshit crazy as they did in November of last
year.
I mean,
you're seeing dead charts come back out of nowhere,
really.
So yeah,
I'm here joined by chill for me.
The is Donnie.
He said that he might pull through here towards the end of the show or the
middle of the show.
But nonetheless,
I want to thank you guys so much for
pulling through i see lieutenant ponzi here also um i remember being on spaces with him
back in the 2022 bear market which and those are some pretty boring times after luna went to zero
there really wasn't much to do in crypto um unless you played the summer rally
with things like matic um and eth i think eth pulled out like 150 rally from uh those lows in
june 22 to august of 22 that was a pretty nice rally and then after that it was just like
complete death of volatility and there was fuck fuck all to do until like December.
Cause even after FTX went under,
we didn't actually bottom out until like Thanksgiving week.
And everything practically went flatlined flat,
everything practically flatlined until a GPT came out.
And then you had a render fat and a bunch of AI shitters just going crazy, man.
So, Pons, if you want to come up, talk shop, feel free to do so, brother.
But before we officially get started, guys, welcome back to Market Talk,
brought to you by BecauseBitcoin.
I'm your host, Wabi.
If you guys can go ahead and show some love to the space,
you guys already know what to do.
Click the Sp spaces tab.
Once you do that, right above our profile pictures, you'll see that awesome link that says x.com with a bunch of numbers and all that and letters.
You guys can go ahead, smash up the like button.
Helps out the algorithm.
Hit that repost retweet button.
Helps bring more people in here.
Brings more awareness of the brand and stuff like that.
So we're going to go ahead and cook for you guys
over the next 30 to 45 minutes i kind of want to make this stream um a bit more concise a bit
quicker um as truth be told there's really not going to be much to discuss until after fomc um we can speculate on price action every single day but i mean if
price action across the board isn't really doing much across a few tickers there's really not much
to talk about and it often gets redundant and quite boring so um i think that the true meat
of the move always happens with these weird macro events, unfortunately.
So we saw what happened last month after FOMC.
That's when we saw that huge leg on ETH BTC rallied 50%.
Mooting went up like 10x and a bunch of other soul shitters did pretty well.
That's actually when we saw the Believe ecosystem come out.
That's actually when we saw the Believe ecosystem come out.
We saw LaunchCoin, which we called out on this show at like 15 mil, by the way.
And it shot up to like almost 400 mil market cap.
And I think that's still kind of like the one thing that is still holding up within
Sol on chain is the ICM stuff.
But it's best just to hold the alpha with size and not so much the beta.
Oftentimes you'll see in a bull market, sometimes it's just good to hold the alpha.
Last cycle, we saw BNB outperform Elrond.
It was one of those L1 tokens, Elrond.
Ticker, it was EGLD.
They rebranded some other shit now.
But nonetheless, BNB was trading at like 10x premium
and still outperformed a lower cap token.
So when you see things like hype and you're like oh dude how can
hype go any higher it's already valued at xyz market cap why don't i just bid this shit coin
um you'd be surprised you you would actually be surprised but nonetheless i'm going to go ahead
and uh i'm going to pass it on over to prometheus prometheus is actually going to be uh going on
vacation here soon i think tomorrow or something like that is going over to theheus prometheus is actually going to be uh going on vacation here soon i think
tomorrow or something like that is going over to the woods so i'm going to pass it uh on over to
prometheus who once again man shout out to prometheus he called out kita um on this space
and i mean i know i mentioned oh we called out this we called out that the thing is on these
shows we don't just call out 20 different shit
coins at the same time right we don't we don't do that here we don't call out the the 50k market cap
tokens and it goes to a mil and then i say you faded me you could have gone to 20x no on these
shows we call out tickers that more often than not actually reach escape velocity escape velocity is when a ticker
goes from say 10 mil all the way to almost half a bill market cap right and it started with pepe
for those that have been following bb for some time you guys remember when i was hosting these
shows in q2 of 2020 23 in q2 of 23 you guys remember that the the titles of these spaces right pepe going insane
pepe um hitting 100 mil market cap question mark question mark so for those that have been with us
the beginning shout out to you guys you guys um have witnessed history here man so i'll pass it
over to prometheus man um the master of keto following KIDA step by step every other day.
And that's the thing, right?
You want to follow people who follow trades day after day, week after week, concisely, right?
Without throwing 20 different tickers at the same time.
So Prometheus, what's going's going on man great to have you here
how are you feeling about uh the price action before cpi day tomorrow man i don't even know
what the estimations are for cpi but i'm assuming we're probably probably gonna have uh a two percent
like a clean two percent handle now that truflation has been at like 1.4, 1.6 over the last like two months or so,
man. Yeah, what's going on, Wabi? I mean, I don't want to personally touch too much on macro and
just bore the piss out of everybody genuinely. But yeah, I mean, Wabi said we got CPI tomorrow.
And how ironic, I mean, Wabi, you remember to like the better part of 23, how bad Bitcoin was lagging the S&P.
And now we're actually seeing outperformance, right?
You know, some form of, you know, kind of contrast you could make is to Sol and ETH right now. Solana has been the premier risk on signal for the broader asset
class for basically the entirety of the cycle. And now we're starting to see that relationship
between Sol and ETH flip on its head. I, a long time ago on these spaces talked about the cannibalistic nature of solana's uh ecosystem
and how the liquidity and capital behaves on on chain and how that's not sustainable i said what
is going to be i said that base is going to be the prime benefactor that you had to have asked
yourselves like when you are in a dynamic atmosphere like crypto you constantly have to
be evolving you constantly have to be fluid you constantly crypto, you constantly have to be evolving,
constantly have to be fluid, you constantly have to be having to beg yourself the question
of what if this and what if that. And now we're starting to see base just go bananas and again from a contrast contrastual standpoint I think that base is very much in the
same kind of position that Solana was in at the end of 23 alongside hyperliquid you know if you
go and you look at per on hyperliquid in relation to kind of how bonk was to solana with both of the foundations uh that
being the solana foundation the hyper liquid foundation the solana foundation pushing bonk
and the hyper liquid foundation pushing per um it was very concentrated on chain you know solana was
back at the end of 23 and similar to how hyperliquid is now eventually it's going to get to the point just like it was
with solana where people become priced out of the market from a nominal standpoint um you know when
solana blew past you know 150 175 bucks and pressed up into the you know lower to lower 200s what eventually occurred was a large pricing out of
a large pricing out and people really flooding into beta and i think that's something that is
going to continue to occur i've been i don't know if i should trademark the phrase but like the the
market is literally addicted to beta and they're going to find anything and everything they can to find some form of return based off of X alpha trade. innings of what I believe to be contrastually similar to Solana in regards to trading on chain,
but not the same. Because if you look at Hyperliquid, to launch a coin on Hyperliquid,
you have to own X amount of hype. You can't just go and launch whatever ticker you want.
And that's why I truly believe that the Solana contract
deployers have not come and infected Hyperliquid specifically yet. You know, and I think base
alongside that sole Ethereum pair, if you pair Solana versus Ethereum just broke this
descending rate or it's asc ascending range pardon me and just
if you look at the chart side by side structurally eth looks so much better and if you ask yourself
how do i trade that pair how do i trade that chart how do i make maximum returns in you know the next
30 to 60 days which is what i believe is going to be, you know,
our window. If we do see a breakout here in Bitcoin, you know, that window in regards to
altcoins. And how do you trade that? How do you position around it? And how do you benefit from
it in what I believe is going to be is you're going to do that and is through base specifically um because if
you look at ethereum on chain it's dead it doesn't have the recency bias everything that just popped
off the last few weeks has been on base so where is the capital and liquidity going to go it's going
to go to that the the chain it's going to go to the area that's fresh on everybody's minds right oh kita just popped up oh the virtuals ecosystem just went bananas um where's where are people
able to print multiples right now it's on base and you're gonna have coinbase pushing it most
likely uh it just has they're integrating it into their smart wallet, right? If BTC goes into price discovery and they integrate
base into the Coinbase smart wallet, then retail was probably going to start clicking some buttons
and things are going to probably get pretty frothy. But I don't think necessarily it's going
to be entirely retail driven. I'm not somebody that likes to discuss or bring that up as if,
you know, retail is going to be buying our bags because the majority of the cycle has only been crypto participants really, you know,
taking advantage of in a way and in a manner, other crypto participants for the most part
outside of Bitcoin. And so the, you around retail isn't here, yada, yada.
I think that's such a dead narrative. I think it's such a dead talking point, such a dead thesis
to have and bring to the table. And if you really look at the dynamics of the market and you ask
yourself certain questions, and you just look from a cyclical perspective,
what has occurred? That talking point is so dead in my eyes. And for people to bring that up
anyways, it just gets me pissed off. But yeah, I'm just bullish on base. I think that Kida
continues to do numbers. I think the virtual ecosystem can continue to do well. They need
to continue to incentivize people to interact with the ecosystem in order
for the flywheel to continue, you know, Ponzi go Ponzi. But besides that, I mean, you see Robin
Hood doing numbers, MicroStrategy looks fantastic. Coinbase looks pretty good. I am just very much in
the camp, you know, and it's like, there's a whole diagram of retail where the people that bid, you know,
where the buyers off the lows in regards to the indices. And I'm like,
and I congratulate all those people that did that.
I congratulate the people that were there that bought the blood on the street.
You know, you had macro doomers in everybody's ears, you know,
they finally got there. They're like one day of, you know, their doomer macro thesis and scenario finally played out.
And then guess what? Nothing structurally broke.
Nothing structurally breaks. The market just trends higher up and to the right.
And you see these large institutional firms that are still completely off sides in regards to the
trend in regards to the current trade in the market you had multiple bearish
quote-unquote bearish catalysts come down the pipeline last week and the
market just shrugged it off completely like did not care CPI tomorrow again
just briefly touching on it like Wabi said i think it's going to come in
like rather cool and if you have trade agreements come down the pipeline alongside cpi cooling as
fast as it is trump's going to have to hit the oh shit panic button and start cutting like a madman
just like he did with rate hikes again if, if you remember, they forecasted, oh, we're only going to raise to 150 basis points.
And then 500 basis points later, you know, after Silicon Valley is blown out and First Republic Bank is blown out and people didn't realize the nature and the manner in which it would actually occur and the velocity and the veracity of of the policy is going to be much, much, much faster.
Cuts are going to be much faster than people expect.
Anyways, I just want to leave it at that.
That's all I got.
I want to kick it on over to the other guests and see what they have,
have to say.
Man, that was an absolute cook sesh, bro.
The target for K that still remains um
what casper reached i think that's a pretty good target man i want to hear from ponzi
ponzi what's up man how have you been good man gonna be hard to kind of follow up on that uh he
does he does pretty well with the talking about the macroeconomics and everything, and then just the entire space and reasoning behind it.
I do a little different, right?
I trade technical analysis, but I also do fundamentals of projects.
And I've been in crypto, I guess it's going on nine years now.
So I've been in this space for a while, but just based on seasonality, it's the time, right?
This is the time when everything started popping off.
Four years ago in the summer, right around now, June, July is when Solana really kicked
its runoff into the upper 200s from like 20 bucks.
So it's kind of just like nostalgic almost where I'm seeing the same signs and everything
nostalgic almost where I'm seeing the same signs and everything in the market.
in the market.
We got that first real pullback, which is in four years ago around this time, we had Bitcoin drop
down. And then we had that run up and that was the run up that brought all the risk assets on
with it. Bitcoin dominance is super high at the moment. Even if it went a little bit higher,
we haven't even seen it fall yet. And some of these alts are going crazy off the lows.
I think a lot of people have forgot what alt season feels like if we're going to get one.
We also have Bitcoin dominance going so crazy because we have funds and institutions invested into it now.
So there's a lot of different aspects that we didn't have in the previous cycles that you have to pay attention to.
But still doesn't mean new money is not going to flow into these projects uh you just have to be a little more selective
because we have a ton of more tickers than we used to um so just being a little more selective
i know keto was one that's popped off really recently i've had a bunch of friends win pretty
big on that uh i will touch on what he said about base uh bases we had a run earlier in the cycle
on base and base did extremely
well and it's tied with coinbase and i always like to think of ease of access like how how are you
going to get the liquidity there base is perfect for it i mean it's with coinbase if they integrate
it at all into the wallet things are going to go ballistic uh it's just going to happen because
it's ease of access last few cycles like coins on Coinbase weren't fucking crazy because of ease of access.
I'm huge into fart coin at the moment currently for meme coin. That was the winner I picked.
I consolidated all of my memes instead of being in the trenches.
I get on chain a lot too. I did that October, November last year with Solana.
But at the end of it, I mean, I cut out early while people were still chasing. I took a few
months off. I hit big on a few and I just waited and I shoved multiple six figs into Fartcoin under
30 cents. And I'm just holding that one for now. So, and I've just been trading, right? Like
at the moment I was trading this chop that we've had at the lows where after we had that move up
and I've had probably the best three to three to four months of trading that I've had since
I came back after a two month break that I've probably ever had. And now where I position
for swings, I think this was the last dip that we just had
this past week
and we have a full moon coming
it's called the strawberry moon
if anybody does any astrology out there
I don't do a ton of it
but it does help influence
I mean we had a blood moon during the FTX crash
during COVID we had one as well
so this stuff kind of has some signs out there um but at
the same time like i think it's time for swings if we get one more pull back if you're not in
you probably should shove not financial advice but uh we're hitting that seasonality uh we have
from now until like q4 we're typically in the cycle, things pump extremely fast.
And if you're not positioned, you can miss it,
or you're not going to get as good as entries.
And an entry from now to a month or so
could mean the difference between a 20-30x or a 4-5x.
So that's just my two cents, I guess.
But other than that, I've just been looking for some undervalued projects.
I'm also big in Sui.
So I think Sui is more so like Solana than Base.
I know you were comparing Solana to Base, but I think Sui is more similar to Solana.
But I do think both Sui and Base will do extremely well and those are going to be the other two uh basically
chains that i want to be trading on when it comes to more pve plays versus solana where your pvp
everything even though solana will have some of the larger market cap ones
but i think base and suey are going to be more pve
that's pretty much what my thoughts are now i mean we have everything
breaking out uh i trade harmonics which is a five wave fibonacci sequence uh to find reversals in
the market and we have them across the board on this last dip on altcoins so i do think a lot of
things are going to start to go parabolic in the next few weeks.
Ponzi, do you think hype might be doing something similar to what Sol did in the summer of 21?
It's kind of around the same market cap too.
So I was actually going to say, when I went over that, when I was talking about Sol four years ago, I was actually going to say that hype reminds me of Sol four years ago, where
we could see it go from the price it's at now to fifty hundred bucks if everything goes
right I have a have a bag of that I didn't put a major major position on the
hype compared to some of the others like suey and fart coin and stuff like that
but I do hold some I do think it'll do extremely well and I've traded
on it and it's a great platform the only thing I in the future and I mean this I
know you or have your own custody of it but the only thing in the US if they do
go pro crypto and they regulate on-chain exchanges or where you can trade on sexes
with like leverage and everything that's the only thing that i could see in the future affecting hype uh but everything else about hype has been great
uh and i think it's a good token it's a great ecosystem and i think it's going to continue to
do well yeah have you gone on chain on hyperliquid like any uh? I typically explore almost every blockchain that has a pretty good narrative if I can.
Because you can get airdrops that way.
And I mean, even with Solana last cycle, I did so much shit on it.
I like Jupiter, like all these other things.
Like I got the Arbitrum airdrop from messing with it last cycle.
Or was it last cycle? Towards the end of it.
I don't know.
Where they had Magic, which is like Treasure DAO.
I got airdrops for Arbitrum because I messed around there.
But I suggest if you guys can, explore stuff on chain 100%
because you never know if you're going to get airdrops
or end up liking it, and you're familiar with it.
So if there is a narrative later in the cycle,
you know how to navigate the space.
Yeah.
Even on AVAX right now, the arena platform.
So the arena platform on AVAX is great right now.
It's a great dApp.
And it's basically like Twitter where you can do like Twitter spaces.
You can talk.
You have a ticket where you can buy somebody's
ticket to get in their chat room. So say you wanted to talk with the, I don't know, say
Kaleo because he's one of the biggest guys on there. Kaleo's a Twitter guy, but you buy
his ticket, you can go to his chat room, you can chat with him, he can post alpha there.
And then the creators get a revenue or a percentage of each ticket bought and sold.
So it's kind of like Frientech in a way, but now they're also integrating a PumpFun style platform into it.
So it's basically its own Twitter, but it also has PumpFun kind of integrated into it where they're launching meme coins and other coins like that as well on there.
So there's a lot of things going on in the whole crypto ecosystem especially on the l1s uh that could
potentially explode on each of them and there could be a few pve runners on all of them so
that's what i'm kind of looking at i'm like okay which one's going to be the top runners on each
chain um and kind of going like that uh because some of these will go absolutely ballistic
if things pick up uh i have shied away a lot from solana other than some of the larger caps
just because it's so saturated at the moment and i mean as a longer term hold i love solana but i
you remember bobby we were talking about this in 2022 at the Pico Bottom in Spaces
when I said I was shoving in on Solana between $8 and $12.
At $8, bro, I remember that space.
So I shoved on Solana at $8.
I ran it to like $200 something, and I moved it all to Sui under $1.
So I'm kind of away from Solana at the moment.
I'm like, it could $4 or $5, great.
But the risk for me for holding Solana versus I could just go buy a meme coin or something,
or if there's something that I think will outperform on it, I can do that,
versus holding something like Sui or Avax or anything like that, I would rather hold that,
only because inflation on Solana is huge, and I know with Firedance or whatever coming out, it might fix some of this stuff.
And I know with Firedance or whatever coming out, it might fix some of this stuff.
But they pay the fees on Solana and they're so cheap because they print Solana, just like the US dollar.
And that's why a lot of people are in crypto at the beginning for like a hedge against inflation.
That's one of the first things you hear about Bitcoin.
So for me, the risk to hold that more longer term, I'd rather be in SUI or something right now.
the risk to hold that more longer term, I'd rather be in Sui or something right now. And obviously,
I'd chart them against each other to see strength in another ecosystem versus Solana and Sui.
Back in August, it looked like it was breaking out versus Solana. So I moved all my Solana over
to Sui back in August when it was under a dollar. And Solana was like, I don't know, between like
200 bucks to 150 or some shit. I don't know the exact price, but so far now Sui's at like $3 or $4,
so Solana's lower than it was.
So for me, it was a good play, but I think Solana performed extremely well as a token.
I mean, if the ETF comes in and it goes to outrageous numbers, good for them,
but I just feel like not marrying your bags,
especially if the first half of the cycle performed extremely well uh this happened last cycle with chain link it went extremely well
at the beginning first half of the cycle and then it kind of leveled out a little bit right so i
didn't want to do the same thing with solana where solana pumps extremely crazy numbers that begin in the cycle. You have drastic extraction from the chain on top of that.
So you're not only printing money,
but PumpFun is also extracting money out of the chain.
So you have more of a cell pressure.
And you've already got the meat of the move, right?
So for me, I'm looking at other areas
where I can kind of take that,
expand down the risk curve and multiply them.
But not too far yet, right? I don't think it's time to start looking for betas yet.
Like, if we're going to get an alt season, main coins will pump first. It's not time for betas
yet. There will be a time for that when larger money can move down the risk curve.
Ponzi, man, I want to touch on that, man man anytime we've seen majors pump first that's when the
mini bull market starts you remember october of 23 when uh solana started to lead the market and
then eth followed as well and then it just kind of gradually went down and then we saw shit like
tia say tara cas that that was a beautiful market man but yeah we see like
shooters lead the market like they did last summer the market conditions are just purely trash unless
unless someone actually says that they enjoy being in front of their screen training lower time
frames which in that case you might as well um apply for a role in being a character in
the boondocks that's that's that's that's no fun dude like this this expression on how it's cool to
be in front of your computer for like 20 hours a day like dude it's it's not yeah i want to touch
on that too lobby i want to touch on that so i Wabi. I want to touch on that. So I do trade, right? And I will do trades that are quick in and out.
And it is fun, but there's a time and a place, right?
Like the best traders I know know when to trade and know when to do that versus sitting there 24-7.
And I get the day trader thing.
Like people like to do it.
They enjoy it.
They like sitting in front of their computer.
I'm not one of those people.
I like to make my money when the market's hot and make a fuck ton of money, bet when it's
right, make my money and then enjoy my life. So that's fun and all like if you want to do that,
but then they also miss out on the larger moves because they're so zoomed in and day trading
and they don't understand the whole seasonality of crypto or in general just like cycle, market cycles,
and they miss out on the big place.
So they do that constantly and they sit there and day trade.
But there's a time and a place in crypto where you can bet big
and you can make your money where you don't have to do any of that shit.
And that's when you have to do it.
But when the market's hot, it's fine to do it.
In my opinion, uh, other people think differently. Some people enjoy to trade 24 seven.
Uh, not me. I'll fuck off after the top. Hopefully. I don't know. I feel like sometimes we,
it will, it will rhyme in that there will be massive pump on alts.
But I don't know if we get that same pump on majors that's characteristic of past all seasons. Because what we've seen, at least this cycle so far, and maybe it's just because memes and everything led it.
memes and everything led it. But every time Bitcoin pumped, the pumps afterward skipped
majors and went straight on chain, like straight to the trenches. And I'm not sure if maybe we see
some select majors, right? Like I agree with Sui, for example. I think that goes higher. Same thing with hype and just some and Fartcoin and some of these kind of more high mindshare majors.
But I question, though, when we see these pumps on Bitcoin going into price discovery, for sure, we got a rotation into ETH and other and then afterward, like, you know SOL and other, these high mindshare majors.
But I think a lot of the capital that will be kind of moving in the space that used to
trade a lot of the majors, I think that has now shifted to kind of trading, you know,
on chain.
That's a good argument.
That's a good argument.
And I can see that too.
My thought process is Bitcoin dominance really hasn't even broken its trend and last cycle people were saying the same exact fucking thing like the only difference was the casino was on
centralized exchanges last cycle where now the casino when people are pvp in each other it's more
or pve a little bit i guess you could say too, is more on chain.
But the only thing is Bitcoin dominance is the highest it's been. There's only been,
for this entire cycle, there's only been like one or two weeks that have been higher than where
it's at. So a lot of that stuff can change really quickly. And it's happened previous cycles as well,
as well where people say that they don't know if it's going to do it next thing you know majors are
where people say that they don't know if it's going to do it. Next thing you know, majors are
2x and 3x and 4x and like in a week and it can happen quick and dominance hasn't even fell yet
so nothing down the risk curve has even technically started this cycle looking at dominance so i
actually thought that sorry to interrupt um but you, I mean, that definitely has been the case. We haven't seen, you know, the rotation to alts yet, but I just I don't think it's time. And I posted some stuff up at the top. You know, Bitcoin tracks global liquidity, but I don't think I don't think EthanT track global liquidity nearly as well. I think what ETH and ALT track, if they're going to track any liquidity measure,
is FedNet liquidity or central bank liquidity.
And I posted some charts up top to show that.
You can see the ETH BTC and also altcoins as a percentage of Bitcoin market cap
track FedNet liquidity very well.
In the following chart I actually posted, I'm pretty sure it's the end of QT
that that represents or the beginning of QE. Pretty sure it's the end of QT, but either way,
it's a central bank pivot that marked the top of Bitcoin dominance last cycle. And so I know that
a lot of people like to judge things like X amount of days from the Bitcoin halving,
but in reality, what the Bitcoin halving actually lines up with is a central bank
debt refinancing cycle.
And that's the driver of asset prices.
You know, currency debasement, inflation, money printing, that's the driver of asset
prices.
I mean, the Bitcoin halving, yes, I mean, increased scarcity is obviously a desirable
thing about Bitcoin.
But I think the most important thing to look at is money printing.
And so the cycle, I think, really just due to the insane inflation that we saw from printing like, what, 30 percent of the world's money supply in 2020, that's still in play.
And so we've seen the Fed really, because the rest of the central banks are in net easing, the Federal Reserve has really been pretty tight compared to know, compared to the post having here in previous cycles.
And so I just I don't think it's time really for alts to do their thing.
And so it makes perfect sense to me that Bitcoin's ripping and Bitcoin dominance is remaining high while alts are kind of taking a back seat.
It also makes perfect sense to me that meme coins would be going crazy at this time because it's all just hyper speculative gambling.
And it's the exact same thing we saw last cycle when Bitcoin was outperforming and everybody was like, oh, alter that.
It's a Bitcoin only cycle. Everybody will think of a reason why.
Narrative always follows price. Price doesn't really follow narrative unless you're talking about like a major narrative,
like, you know, a trade war, like, you know, like we've seen or if things get resolved.
And so my my thesis has always been and I actually was listening to Chris Whalen talk about this
today, and he said that the Fed had already signaled that they're going to be ending
balance sheet runoff this month.
If that's the case, that's really huge because I think an end to QT is going to be a tail
win for alts.
I'm actually really excited about that.
And it could be, you know, I still think Bitcoin i still think they were targeting first half of next year is that maybe i misheard him but i could have
sworn i heard him say that the fed is looking to to end balance sheet runoff um yeah i mean i didn't
hear the interview i'm just saying from what i have looked at in the past i thought that was i
mean if that's next month that is nuts it would It would be nuts. I honestly didn't expect that. So it struck me when I heard him say that.
I'll re-listen to it and I'll check back in on that.
But either way.
Wait, what did he say about next month is happening?
What I remember hearing from him is that he said the Fed is signaling that they're going to end balance sheet runoff this month.
That's what I remember hearing.
Let me double check that. I'll get back to you guys.
But I mean, either way, regardless of when they do it, I still think that the impetus for alt
is a central bank pivot and not so much global liquidity. There is obviously a correlation
between the two, and I can actually post something. I'll leave it down below because I don't want to
blow up the Jumbotron, but this is actually from Crossorder capital. It shows sensitivity to 10% global liquidity shocks in gold, silver, Bitcoin, ETH, Solana, etc., etc.
So you can have a look at that down below if you're interested.
But yeah, man, I think it makes perfect sense that alts are where they are.
I think it makes a lot of sense that Bitcoin's ripping and they're not really.
And I think the impetus for alts is a Fed pivot.
Yeah, 100%. I still agree with the majority of things you say.
I'm just saying from a pure technical standpoint and looking from my end where I do a lot of technical, I can predict a lot of these things most of the time anyways.
And if you guys have followed me for years, you can ask Wabi.
It does happen.
I see it happening within the next few months.
And I do think we are going to start to see Bitcoin dominance drop and these all start to run.
Maybe not per se as everything like it has been previous cycles because now we have a fuck ton more coins.
But anything worth a damn will go.
Like hype, suey, those type of things.
Hey, Ponzi, so is a strawberry moon like a pullback kind of thing?
It's a full moon.
Yeah, I want to know more about that.
What's going on with that?
Oh, so astrology.
I don't know.
I've been messing around with it a little bit.
I use harmonics, which are Fibonacci ratio.
Fibonacci is ingrained in nature, so I use astrology too.
And it's fucking very scary how well they lined up.
I thought it was all bullshit when I started learning about it like four or five, six years ago.
And it's a full moon.
It's bullish.
Oh, bullish.
Okay, okay.
Yeah.
The next one you have to worry about
is in September.
So, for bearish.
Oh, nice.
That's a lunar eclipse.
That's a lunar eclipse.
I know that one.
Now we have another one.
I call him my astrology quant. I know that one. No, we have another one. I haven't I call him my astrology quant
I'll ask him
Nice did I checked out one of your videos for the first time the other day that she looks interesting
I might have to mess around with it. Yeah, so the harmonics
They're like advanced way to use Fibonacci ratios, right? And the guy who wrote the books on them
He traded on the Philadelphia stock Exchange floor for a while.
And he's been trading markets.
And he's super, super well off, wealthy.
I've met him in person.
But he wrote the books on them.
He's been trading Harmonix for over 20 years.
He traded the dot-com crash.
He traded 08.
And he trades crypto too.
So he goes and he follows liquidity. He's like 60
years old now, but they work. I mean, he's met some of the most famous traders and investors
that have existed and he's been on like news stations and everything and it's backtested,
right? So that's why it inclined me to learn from him because it's a proven method.
that's why it inclined me to learn from him because it's a proven method. Obviously, there's
the whole psychological stuff for each trader on the side, but the method works and he's spent over
like 30 years perfecting this method and writing books on it and everything. So it is interesting,
but it does work. Nice. Yeah. And then, then i mean my thoughts on the whole total
total three altcoin whatever you want to call it a relationship this cycle um i think everybody is
so stuck on what happened last cycle and from a data perspective you really have to look at last cycle, in my opinion, as skewed data, right?
We had SPF, we had 3AC, we had these huge entities just,
I mean, committing complete fraud on these charts.
Yeah.
And this cycle, and I'm in the same camp as you, Ponzi,
like all coin charts to me look fantastic across the board, especially if you look at total and total, total two and total three.
Forgive me. I mean, we're kind of just starting to kind of push up into that descending trend line.
We're kind of at a little bit of supply right now.
We're kind of at a little bit of supply right now.
And cyclically speaking, this cycle has been much more healthy in the behavior of price action.
And the people that first came around or first entered the markets at all, crypto last cycle was your first like, you know, dive into the deep end per se.
That is not like what happened last cycle is such an anomaly from the standpoint of markets.
And from a price action behavior standpoint, it's just much, much more healthy.
And yeah, the reason why Bitcoin dominance has gone up so much in my eyes and from what I can tell is due to the large institutionally driven bid behind Bitcoin
itself and we have not seen the demand or the desire outside of Bitcoin for institutions
specifically. You know, and I mean, yeah, I that uh altcoins will have their like mini runs alongside
bitcoin you know in price discovery and expansion higher but um outside of that to have what we had
last cycle guys truly takes like zerp kiwi you know the whole nine again yeah to see anything
100 especially with all the altcoins and there wasn't as many right like we didn't have liquidity spread so thin between so many coins and like it's just like on twitter
now like i used to i used to know like almost everybody that was in the space and now there's
just a new account that has 200k followers that i've never seen before that looks like it's a
legit account because the space has grown so big um but yeah that with the institutional bid like that is
one thing and you have micro strategy and all this just shoving money into bitcoin and you have etf
and everything so bitcoin dominance has been extremely strong and it might not fall as much
as it did previous cycles because of that bid constantly being there. But even if you get a hiccup in dominance whatsoever, some of these coins are going
to fly, especially ones that have good narratives.
Hey, Ponzi, you should take a look at this interesting pair.
I'm not really a pair trader guy, quite frankly.
I really don't do much TA, but you'll notice that anytime the iwm um has outperformed something like uh the nasdaq
right the qqq you'll notice that that's typically times where dominance tends to kind of dip down
a little bit it happened in q3 of 23 when shit like roll bit and ox were going crazy happened in q4 later that year when tia was going
nuts um and also in q4 of last year as well when ai and all that stuff was going crazy after the
election something interesting to take note of is uh the iwm perhaps actually going into price
discovery um after just being in a massive range over the last
four years I have that clip I have that Chris Wayland clip that's what he said
take a second so I don't know that was from seven hours ago Wow okay I mean The Fed will stop reducing the balance sheet this month. They've already indicated that.
So I don't know.
That was from seven hours ago.
Wow.
Okay.
I mean, guys, that's huge.
That's awesome.
That's fucking huge.
And end to QT, I'm telling you.
Also, too, one thing I wanted to touch on before.
I think we need to see an uptick in the business cycle as well.
I mean, think about where we were on the ISM this time last cycle. I mean, March, April, May of the post-having year, we were peaked out in the ISM, which
means the economy was in max expansionary phase.
It makes sense that no new market participants are here because nobody has any fucking money.
Well, and if you look at credit spreads too, I mean, credit spreads are tightening.
And I just, I'm like, we are, you know, uh, besant,
besant, whatever you want to call them.
Um, I mean, they have tipped their hat.
Like we want to stimulate anything and everything, you know, Doge got thrown out the window.
They don't care.
Um, yeah, I mean, they're ready to pump money into these markets.
100%.
And like, you can forget about macro.
You can forget about the charts.
You can forget about everything.
Trump wants to rally this market into midterms.
It is absolutely critical for his legacy that Congress remain red, or at least not flip
entirely blue.
And so, you know, I think, I think that, you know,
the kitchen sinking that we saw earlier, whether or not it was to try and get to try and get the
10 year down also served another function, which was to, you know, delay any, you know, delay any,
any, any pump of metals that we might've seen until later on when it's relevant,
seen until later on
when it's relevant for the campaign trail.
you know, for the campaign trail.
That's my dubious speculation.
I wonder if he strategically
tried to do that by
announcing tariffs when he did.
100%.
To dip down so it rallies and looks fucking insane
going into midterms, which I wouldn't put past him.
And Ronald Reagan did the same thing.
I mean, the fucking, you know, the godfather of the Republican Party
during his first term, he did the exact same thing.
Yeah.
And just like the 42 macro team said, you know,
investors would be remiss to think that Trump does not wish
to replace Reagan in this regard.
Yeah.
There's another chart I look at, too,
is I always look at others over Bitcoin and I don't fade
weekly harmonic patterns because typically they do reverse it just takes some time at
it and others versus Bitcoin has a bullish harmonic pattern on it on the weekly chart
and so just looking at that where others could make a comeback versus Bitcoin, Bitcoin dominance, that just speaks for like all coins as a whole.
And I do think that's going to start to happen in the next few months.
If not, the next few weeks is what I'm actually thinking.
Ragsie, what's up?
I saw you requested. What's going on nope what are you seeing out there i i'm saying i'm excited for this bullrong to get on with it
i think um i heard you guys talking about the strawberry moon last time we had a strawberry
moon uh it's actually bearish for not like bearish bearish but
you know like short term downward and then we could go up on the new moon i don't know i think
that i'm hoping for like some positive news on the like 17th 18th at the fomc meeting and if we
get like any like inkling of positive news, I think like
the markets are going to start like skyrocketing and going on a run. But that's obviously contingent
on news. Maybe it's not June, maybe in the July meeting. But yeah, so I'm kind of just like
watching everything from like a global standpoint to like, you know, you had some positive news with the Chinese relations,
trade relations, right? We also got, you know, obviously, like the wars going on in Europe,
you know, the status of that and all these different things, because they can be different
catalysts for the market, they can really like impact with the markets going, you know, up or
down, or at least like what the sentiment is,
right. But overall, I'm definitely like very, very bullish. It's like, I've kind of just,
you know, I'm big on Ethereum. I think Wabi, like one of the times we spoke, you're not as big as an Ethereum guy, but I've kind of just been DCAing in a lot of my top like Ethereum memes and plays
waiting for this ETH to run because i really
believe it is going to have a run because you even saw even a few days ago blackrock's still
buying it they're still accumulating ethereum so if the ethereum was cooked right they wouldn't
still be accumulating at such a high level so i think like that's the poker tell for me is if they
were just going to go in another direction they wouldn't
still be accumulating the east if they didn't have like bigger plans for it so i think the good news
the big one here is that blackrock and these other hedge funds are still accumulating large amounts
of east mainly around that 2500 level and like in my opinion i don't think these hedge funds are
trying to lose money so it's like i think that was like a safe level to buy you know anywhere from uh 2500 or under and uh yeah i'm just excited it's
just kind of like a waiting game right because this bull run seems like it's been going on forever
if you've been in crypto uh we didn't get like our fabulous alt season yet but i think when
ethereum starts to run i think that's that's when alt season is
also going to kind of you know be happening or right around the corner and i think that
for alt coins because i know you guys love alt coins i'm very interested in like what the leading
narratives are going to be this cycle right i think like like ai is too obvious like i i definitely think there's some like ai
related uh like altcoins that are going to have a run but i'm very curious on like maybe some of
the other narratives that are going to merge for certain all projects and that's what i'm kind of
like researching now like what are what are going to be the other like marketing and selling points
for all points and i'm trying to like accumulate those specific projects right now
our W is Ragsy our W is yeah, I think the main ones my my strategy is Chex that's a RWA, but yeah, I think our W is too sorry. I just wanted to
Ponzi are you uh, are you looking into launch coin bandage chance?
I shorted launch coin all the way down, but I think I shorted LaunchCoin down like 80%.
But I did not buy it.
I was looking for a smidge lower, so it kind of ran away from me, but whatever.
That thing is flirting with going into price discovery.
It's kind of in the process of trying to blow through that little complacency shoulder before it went from like $250 down to $110.
It looks a lot like Mooting last year.
It can do well.
I think it can do well.
I wanted to get in.
I don't know.
I fell asleep and my bids missed by
a penny or whatever.
Half a penny or whatever it was.
Or .00 whatever.
So, whatever. But I made
some good money on it on the way down.
Yeah. I mean, if
we're bullish RWAs here,
right, like, LaunchCoin
is a pretty solid contender
dude um and if anyone's bullish on pump fun then just the the premium that the pump fun token is
going to trade at comparison to launch coin is is almost like night and day like dude pump fun is now a platform where like people
with like 50 net worths go and they're just complete degenerates and it's just it's disgusting
it's not the same platform it's like being bullish rollbit in 2024 that's what pump fun is bro
pump fun in 2024 is what rollbit was in 23 and we all know how rollbit turned out
after like um the next leg in the bull market um i think that robin got robin got fucked up once
they uh implemented kyc yeah but you remember how big rollbit was man they were gathering streamers left and right and it seems like this cycle and narrative can't
really be held for more than six months um at least that's like the longevity of an altcoin
in regards to outperformance against bitcoin and majors and making higher highs in its bitcoin
pair typically about six months man we. We even saw AI, right?
AI lasted like three months.
Anytime AI is rallied, it's typically no longer than like 60 to 90 days and it just dies off again.
There's a lot of AI, like lower cap stocks and everything.
I wouldn't even say lower cap.
They're much bigger than crypto.
But there's a lot of AI companies that are rallying in the stock market too at the moment.
Especially like quantum computing and stuff like that.
Things are flying.
So I wouldn't be surprised to see AI come back.
Yeah, I mean, talking about those quantum stocks, I mean, they're literally vaporware.
I've done a whole analysis on them.
I mean, it's insanity.
It's so funny, Stratfibros, that are like, oh, you're in the trenches and you bid shit
coins.
I'm like, dude, you guys are bidding quantum.
You guys are burning $10 million a day.
10 million dollars a day like what are you talking it's their meme season bro
What are you talking about?
It's their meme season, bro.
you know i wanted to uh i wanted to respond to ragsy real quick about the about the narratives
i think we'll see the same thing as we have before with the same kind of like narrative
driven rotations i think we'll see you know major catalysts pop off the uh you know kind of the
kind of the different specific rallies in each sector but But what I'm looking at, you know,
my play has always been just to accumulate strong projects
and leading narratives.
I think leading narratives are AI, real-world assets, gaming,
DeFi, D-Pin, and then, you know, memes,
if you want to consider maybe some of the large cap kind of like staples
in memes as kind of like a narrative sector.
But I think, like i said before like
narrative follows price so like people who aren't excited about gaming who aren't excited about
real world assets who don't even know what dpin is that shit will fucking change you know crypto
is still pretty reliant on market makers and it's pretty manipulated and you know the one thing that
you know and it was always ironic to me to watch all these meme coin people, you know, think they're rebelling against VCs by going into meme coins, which I hate to break it to you, but you're just donating to VCs at that point, like without even the opportunity to make money.
you know, real world companies, you know, trendsetters, different influencers.
And they also have, they bring a lot, they bring a lot of money to the table.
And so these guys, you know, these guys want to return on their investment.
So they're going to, they're going to pump these tokens.
And like, look at how, like case in point, look at how, look at how bearish everybody
was on ETH, which again, ironically, it was the same people who said ETH couldn't go higher,
the same people saying that ETH couldn't go lower in March of 2023.
And, but I mean, look at how quickly the timeline flipped when ETH did its 50% move a couple weeks ago.
A few weeks before that, ETH is dead.
Oh, Vitalik's a femboy.
Oh, the Foundation's dead.
All these half-baked reasons people just pull out of their ass to justify it.
And the exact same people, as soon as ETH did a 50-60% move,
oh, this is the bull case for ETH.
Here's a thread on why Vitalik's taking the reins again.
And it's all just driven by price.
People will flip-flop the narrative to fit the price.
And so if we see something like Superverse pop-off or Neo-Tokyo pop-off,
here comes gaming season.
If we see something like, you know, Talbot Tenzer pop off, here comes AI season.
We see, you know, Render or Flux pop off, here comes Deepin season, et cetera, et cetera.
It's going to be the same thing, I'm telling you.
I think. I don't have a crystal ball, right?
But that's my base case.
I always watch what the whales is. Well, for this cycle, it's what what are the hedge funds doing?
Right. Because where attention goes, money flows. Bitcoin is always the star of the show, but it's a superstar of this bull run.
Right. And that's because of all the political attention, attention from hedge funds.
political attention, attention from hedge funds. So there was a moment in time there where I was
like, yo, if I'm wrong, because I play some of my biggest bets, you know, in Ethereum,
it is going to suck, right? And so I'm watching to see, you know, because the ETF didn't really
pop off. It came out right for BlackRex, at least came out last last July and never really had its moment. And so what I did
is I went through their, um, their report, uh, at the end of 2024 in Bitcoin had accounted for 10%
of all their ETF revenue. So I'm like, ah, okay, they're definitely going to want to cash in on
this ETH one. And they were just like getting started at that point. Right. So I was like, oh, OK, they're definitely going to want to cash in on this ETH one. And they were just like getting started at that point.
Right.
So it's like there's no way they're not going to try and cash in on this ETH ETF.
So I think like that's why we've been seeing the accumulation now this year.
So that's what makes me super bullish on ETH.
Right.
If the hedge funds weren't continuously buying it in large numbers, I'd be like, maybe the market's going to go in another direction, right? But I always just look
at like, where are the big buys, you know, and then why are they buying it? It's, it's like,
usually pretty obvious. So yeah, I was like, really pleased. I think they bought, I forget
how many millions of dollars, just even like this week, when Ethereum was chilling around,
how many millions of dollars, just even like this week when Ethereum was chilling around
like $2,500, they acquired a fuck ton more of Ethereum. So for me, you know, I'm super bullish
on ETH. But you know, other people don't have to be everyone's entitled their opinion. But I'm
really looking forward to an ETH rally, like hopefully soon or sometime this year.
I'll agree with you, Ragsy think Keith is gonna rally ever since April
I'm like that's one thing about the harmonics like technical analysis I do
too it finds reversals so while everybody was shitting on it and talking
about how bad it was gonna be and all the hate it got on it and this goes for
any coin I trade usually I'm the guy doing the opposite of them and it works
out and it the ETF and money flow it's it's perfect it's like the perfect way
for each to rise from here because it's just like a risk flow with is these people that have huge
amounts of money like crypto in general is high risk for them because it's so low compared to
everything else in the stock market and everything so you you started with BTC, you're going to have
people that were either in BTC and that they want to go down the risk curve into ETH and start
expanding. And then ETH is next. ETH is number two. So that will be the next one that's going to get
this massive amount of money from ETFs and everything else flown into it. And that's why
BASE is so nice because it's on eth and uh we don't
have to deal with like last cycle with uh high gas fees and everything uh it's going to be much
cheaper on base and it's tied in with coinbase who's also working with them to do all of this
stuff and bring some of these etfs to light uh so i think it's kind of like the perfect storm
if we're going to get a good move for everything.
I mean, I agree. I'm excited. I hope. And it is the thing. I know on Twitter, they get very,
they get very, like, you guys, there's so much testosterone in this space. When people disagree with each other, you guys get all fiery and stuff. Listen, to the audience, if I'm fucking wrong on
ETH, I promise you, you don't have to talk shit
i'm really gonna pay for it because like i that's where i put all my bets right people are like
putting their money in whatever their bets are so trust me i'm gonna pay the price big time if i
made an incorrect bet so you don't have to worry about uh you know that's so true because it's like
if you're putting the money there and you lose that's
why i always tell people i'm like i don't want to like rag too hard i'll just be like i'll see you
in the order books like someone's gonna make money and somebody's gonna lose money so you're
gonna lose money if you're wrong that's the best thing about this spot and you're gonna make money
if you're right so yeah 100 yeah i mean we can't ignore how soy vitalic is though like that cannot be ignored oh
yeah
black is buying hey ponzi man it's gonna be pretty nice next bear market to to bid hype during its
um eight dollar solana moment we say that now but
we never know people were saying that about luna and look what happened to that so i don't know
there's a lot of time and time between then bro and you know how crypto is i'm not i'm not waiting
to bid anything next bear market until i kind of feel the waters out. Yeah, I think the... What's the worst thing that can happen to hype?
Outside of, like, North Korea.
Whatever happened with them.
They get IP banned and it becomes illegal in places.
And they force...
I don't know.
They have to figure it out.
I don't know.
You have centralized exchanges that get legalized in the U.S.
And a lot of people just use that for ease of access
instead of hype there's i don't know there's a bunch of things that could happen
i don't really have much more to say on markets unless you guys have anything else that you want
to bring up i think um it was a pretty great stream we went on for uh almost an hour and a half
so if any of you guys want to say anything else before I wrap up, feel free to do so.
I mean, I'm still personally, I'm still bullish on memes.
Because you have to remember, I don't think the meme era is ever going to end because you have the constant, like retail.
The best thing about memes is retail is always attracted to memes.
Like even if Bitcoin's pumping, retail goes and runs to the memes. When, you know, altcoin season,
they go running to the memes. Like the normies like the memes. So I think the memes are gonna
not only had their moment, I think they're going to continue to be a narrative regardless.
but the alt coins, I'm very curious about what new narratives are emerging.
But the altcoins, I'm very curious about what new narratives are emerging. Obviously,
Obviously, like I've looked into like the RWA,
but I think we're going to get a new one, something we haven't heard of.
That's not AI.
RWA, I can just like almost, I can taste it.
They're going to come up with something else,
and it's going to be the new narrative.
Desai.
Desai, all right, Desai.
Maybe it's Desai.
Decentralized science and stuff like that.
I could see that being one.
Oh, dude, I got a hot play on that.
Research coin.
Brian Armstrong is one of the founders.
I think the ticker is like RCH.
Can you add me and DM that so I can research it?
It's RSC.
It's RSC, man.
It's RSC and Vitadel.
Those are like the only two tickers.
I'm in a smaller one on base.
Dude, anytime we see these cooked narratives come about, bro,
it ends up being the top.
It ends up being close to the top.
That's the thing, but at the same time,
I do feel like as the space evolves,
you will see a lot more decentralized science, and it might just be a narrative now.
But I think in the future, like that's what crypto is in general. It should be like a real world asset.
Like it should be intertwining the real world assets into crypto.
Like that's why we're all here eventually, because we see the vision of like bringing houses on chain or like all this stuff where it's a blockchain, but you're doing like just like a visa payment or something like you're spending your ether, your soul or whatever you have to pay for it.
And I think overall, that's kind of where we should be heading.
Like it or not, like that's a lot of people were talking about in crypto don't like central digital bank currencies or what CBD, whatever it's called.
I can't talk right now.
I'm getting tired.
CBDCs.
Yeah.
CBDCs.
But at the same time, we are kind of like heading that way with crypto, like putting
everything on the blockchain and real world assets is kind of that route.
That's what that narrative is.
Even like Chainlink, I think is the largest rwa there is because it's intertwined with everything
dude chain link's chart looks amazing by the way dude who is bidding aura man
this thing went from zero back to the all-time highs within a day i saw that it was at like
500k or some shit to like 20 what's it at now it's at like 50 mil bro all
time is at 60 i just looked at it at six mil bro i was like why the fuck is this going
bro did uh tiktok get a hold of it or something dude i don't know what the fuck happened i remember
doing the the afternoon discord stream and i was on deck screener
looking at launch coin and at the top right i'm like why the fuck is aura up a thousand percent
today there's no way that's the same aura that like everyone on ct and their mother was bidding
in the summertime there's no way that's it and i remember starting up the spaces and i'm like oh it's up 15x okay all right maybe
some whale bought like 20 of it and now i'm getting pinged and it's at 50 mil it's basically
back to all-time high or it's a cat too right like it's a cat coin that is called aura no they they rebranded to like uh like a culture coin like mog
yeah they've had like two rebrands but that's that's crazy man i've never seen that happen
before like just from zero back to all time dude within two hours but still wild it's why it's
fucking wild but it's crypto bro things can that. Especially if you start an alt season.
Yeah.
He's like, right, yo, I pulled up the chart.
This candle's ridiculous.
Yeah, it's nuts.
Yeah, it's wild.
Yo, Wabi, I'm going to have to go because you didn't tell me to buy Aura yesterday.
Dude, I remember all those coins dude aura sigma again like dude if
all those tokens like just scream back to all-time highs within like two days i'm gonna be like
pretty salty man i i did not really i did not i don't think anyone expects price action like that
a slow run to all-time highs sure but like
all these hitters going back to all-time highs within two days out of nowhere i mean i think
donnie was uh someone who mentioned that like you'll see these rug charts start to come back
to life but straight back to all-time highs i don't know man that's that is uh something to witness but anything uh
you guys want to say before i wrap up here
okay all right i'm gonna wrap up well ponzi ragsy prometheus frankie chill thank you all so much for
coming up on the panel to talk markets with me shout out to you guys in the audience thank you
all so much for tuning in this is your first time listening to us and you enjoyed the content we go live
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