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Market Talk-Crypto ready for a MASSIVE MOVE?! Jackson Hole and Powell?
Recorded: Aug. 21, 2025 Duration: 1:08:50Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. you . Oh, my God. Oh oh
oh Yes. I am in this from who made the sun
that started from where
where you become
save the world
that made your name
except you were the under
take your pride yourself beyond the same
You carry on
All you carry
All you carry
All you carry
All you carry
All you carry
Dying you up with a lane
Hold on to me with a pain Dying you all in the sky Oh Out of the heavy skies, I could fight. . Thank you. so . Wow Wow
Wow You can. Mm-hmm. Mm-hmm.
Mm-hmm.
Yep.
I am so excited.
Oh my goodness.
I am so excited.
I am so excited.
I am so excited.
I am so excited.
I am so excited.
I am so excited. I am so excited. is
go I'm going to go. guys what is going on we have something massive to tell you all today for today's insane market
update something is flashing something insane across the board for the crypto market i'm here
joined by mr incredible himself big tuck the seven foot 500 pound freak of nature big haggard
i'm here joined by gcr's prodigy snorlax and i'm also here joined by Prometheus. Guys, welcome back to Market Talk brought to you by
Because Bitcoin. We're supposed to do these team mega spaces, but it seems like, you know,
I sent the Federal Reserve a couple of emails that if they don't cut rates, I'm going to ship
them a thousand boxes of Frosted flakes and uh i also had half of
the team instead of uh joining me on spaces they went on over to jackson hole to have uh
a private meeting with your own pal so don't worry guys the boys have it under control we're
gonna fix the crypto prices but uh welcome back to market talk brought to you by bb i'm your host
wabi and uh today we're gonna go ahead and have a fireside chat on everything regarding the market.
It's actually quite bullish, in my opinion, that we are pulling back going into this meeting.
One thing that you never want to see is us pumping egregiously going into a meeting.
I'd much rather prefer a dip followed followed by another dip followed by another dip
as well and now you have this kanye token so i think the s&p is down like 100 points off of its
high the queues are down like almost three percent from their local high so i just don't really think
we have that much wiggle room to nuke even further.
Maybe just, I'm not going to say sweep of the low, but just more bearish chop.
But nonetheless, if we guys look at previous Jackson holes, it's just really been that one meeting that sets the tone for the rest of the year.
And I really see this whole FedWatch thing pricing in a rate cut next month,
and also Polymarket is predicting two cuts by the end of the year,
and we look at what happened last year, two cuts, and the market went ballistic,
and you guys might be wondering, Wabi, is this YZY token, is this Kanye token going to be like Trump?
Is it going to be like Trump where it destroys the entire market?
Well, the thing is, and I was telling this to the Discord group in the afternoon call,
like when Trumpcoin launched, Solana price was at all-time highs.
There was so much Solana being bid up on centralized exchanges that some of them even halted withdrawals i'm sure you guys
look at your timeline it's like the biggest thing that people are talking about but on-chain prices
aren't really reflective of what occurred during the trump pump which extracted the entire market
and then you had uh the second tower fall sir they hit the second towers when um melania token dropped so i mean
there's not really a melania that can come out right now uh this doesn't really seem like the
market has too much of an appetite to bid any of these uh celebrity coin launches and the fact that
you don't even have a sole price moving is very, very telling that this is extremely insider driven.
You at least want to pump the Solana, the Solana token price up.
And I just find it really strange how the Libra team had like 50 million plus in USCC get unfrozen.
And then within 24 hours, the Kanye token uh launches it's really uh strange behavior
and it's not really a solana issue it's just i mean it's just market dynamic issue there's always
some sort of scammery going on each market cycle 2017 you had your bit connects right your your
your uh your ponzi schemes with with cloud mining in the year before.
The cycle after that was SBF and 3AC, but it was actual bullish crime as they pumped everyone's bags.
And any dip that the market would present itself, it would be straight back to all-time highs within like a couple of days and
we don't really have that right now right it's just a couple of us trading some coins back and
forth until uh fed policy becomes easier and the biggest thing the biggest elephant in the room is
uh quantitative tightening officially coming at an end or at least that's at least that's what uh at least that's what i think and
honestly guys uh the bitcoin and crypto prices are truly flashing some insane signals that uh i saw
last year around this time and the year before that and um there are some things on seoul that
are absolutely melting up you have troll uh close to hitting all-time highs.
You also have Light trading in the nine-figure range.
You have some clear appetite on Seoul.
And with this Kanye token, it would have been indicative of a massive top
or at least confirmation of a massive top that occurred a couple of weeks ago,
maybe like a week and a half ago.
If Kanye token released and everything in regards to the altcoin market
would have had a double-digit red day across the board yesterday and today,
and we're not really seeing that.
When Trumpcoin launched, everything was down 30%, 40% back-to-back.
And if that actually happened, man, I i really don't know i really don't
know uh what i would be saying here today but um let's go ahead and get the show started guys
thankfully thankfully thankfully we are not in those marking conditions thankfully like nobody
really cares about kanye to be honest but uh guys do me a favor Go ahead and show some love to the space.
You might be asking,
Wabi, what's the best way that I can show some love to the space?
How can I show my appreciation for Mr. Incredible himself
being here up on the panel,
for GCR's prodigy to be up here on the panel,
and for Prometheus to also be up here on the panel?
Maybe we'll get a surprise from Louis. Maybe we'll get a surprise from Louie.
Maybe we'll have a surprise from Jackis.
Who knows?
But guys, go ahead, click the spaces tab.
And then once you guys do that, right above our profile pictures, you'll see a nice little link.
It says x.com slash i slash spaces.
You guys can go ahead and smash up the like button. If you guys enjoy this content and you're a regular market talk enjoyer, smash up that like button.
If you enjoyed yesterday's space, we had, I think we had close to 1,100 people live listening.
If you enjoyed yesterday's cook sesh with myself, Mike, Alfred, Donnie, and some of the other people that we had on the stage smash up
that like button but also just as important gently press the repost button so smash the like button
and gently press the retweet button if you're excited about the bitcoin and crypto prices
smash up the repost button and the like button but nonetheless guys we're going to go ahead and cook
probably for the next uh 30 to 40 minutes as i do want to keep these uh spaces especially if
they're not going to be like that big like a day like today and we have a big event like tomorrow
i really want to really want to conserve um everything that could be said on today's show
for tomorrow because over the last 24 hours there
hasn't really been much to cover so we're gonna go ahead and uh cook for you guys it's gonna be
quick concise alpha packed and all that good stuff so i'm gonna pass it on over first um to
the legend himself the seven foot monster mr incredible himself the beast from the east hello big big
big haggard what are we doing how are you doing man how much uh how much did you lift yesterday
welcome back welcome back to the show i'm ready to be tucked in man man. So don't, don't look, man. If they're sleeping on you, Tucker, tuck them in.
Oh, Wabi.
Yeah, what's up, guys?
I think that, well, personally, I'm expecting a pretty, unfortunately, a decently hawkish
Powell tomorrow, right, which is not really a hot take because that's the way he's been for,
I don't even know, the last two, three meetings.
But for me, it's not a huge deal, I think.
I still, I may differ from another panelist,
but I still think we are going to get cuts next month.
I don't know. I just,
I don't think he's going to be super bright and cheery tomorrow, honestly. So next week,
two weeks, I think we could probably at least on majors kind of chop and consolidate here, but, um, not really expecting any, you know, surprises to the upside over the next couple of weeks. But,
um, I don't know. I was more so expecting this downside in September rather than,
you know, late August, but, you know, off by a couple of weeks, it is what it is. Um,
it makes me more optimistic for the second half of September moving into Q4, if we're going to
have this dump now, honestly. So I don't know.
I think you can maybe see 108 Bitcoin, you know,
three handle on ETH, maybe 165, 170 SOL,
which I don't think any of those prices are the end of the world,
especially with the way ETH has performed this year.
So I don't know.
I think we can maybe see a little bit lower in the short term, like I said.
But I don't know.
I think this still paints a pretty good picture going into Q4.
Like, I don't think we're cycle tops or anything like that.
So, I mean, that's kind of my view on majors, I think.
I don't know.
I think the S&P and the Qs probably had a little more to pull back.
But, you know, like I said, any pullback we're getting now
and into the first week or so of September,
I think is going to set up the second half of that month for some upside.
So, I don't know.
Like I said, slightly lower and then higher is kind of my bias right now.
But, yeah, that's what I'm thinking there, Wabi.
Tucker, what did you have for breakfast today, man?
Well, I didn't have breakfast because I really never had breakfast.
I honestly don't get hungry until, like, 2 p.m., probably,
at which point I had some, what is it, charcuterie,
which is just some thinly sliced meats from the store and
some cheese.
And it was fantastic.
I'll tell you what.
Tucker, I'll tell you what, boy.
Look, bro.
What do you got?
I know.
Look, bro.
I know what you have for breakfast, dude.
You have three pounds of baby back ribs, two stacks of cornbread, and a Diet Coke.
That is what you have for breakfast that sounds lovely that sounds lovely but that's that's a barbecue meal that's that's a dinner
more dinner time meal brother what are you talking about man you're a cowboy you love eating this
food man for all of your meals i do but look man so so so check this out right um around this time last year uh japan wanted to
nuke all markets right they wanted hiroshima on our bags and after that we had some insane runners
like giga and then i look whoa whoa whoa what am i seeing onchain right now that's similar to this time last year?
And we look at things like Troll, right?
And I think Troll flipped Useless, and that's obviously pretty huge, right?
You had a big runner that ran to almost half a bill,
and I think Troll actually came out before Useless. I think it out like before Useless.
I think it actually came before Useless.
It launched in April when PumpSwap launched at the literal Pico bottom.
And I remember Giga going crazy and it flipped Retardio.
At least that's what it reminds me of, right?
Like when Giga flipped Retardio and when on-chain wasn't really hot, Giga was like the first thing that was out of the gate during those August lows.
And then you had SPX and then Go and all that stuff started to run.
So like, dude, is there anything on-chain that reminds you of like what occurred last year out of that low where it still showed people like
hey there's still some clear risk appetite for this market honestly i was i would have to say
troll i'm not even in it or anything but just from looking at the chart and what i've seen
and heard about it like troll was giving me like uh i don't know like if you're asking about you know a coin like
that it's probably gonna have another leg up i don't know what else i'd say especially like on
soul rather than troll so do you think do you think big tuck that this is like uh this is um
the pork sandwich of of the year so the pork sandwich of the year is like a whiff, right?
This is like Joe's, right? Remember Joe's, the best barbecue spot in KC?
And whiff ran to billions. Whiff ran to billions.
And then after whiff, there was what what came after whiff bro like what was like
that next hot soul meme after whiff that oh pop cat yeah dude if you remember pop cat wow dude the
soul graveyard is uh honestly insane so there's usually like don't ask tommy about popcat bro yeah yeah but there is one other
cat right there is one other cat on soul that i won't speak of that maybe maybe uh maybe has its
time in the light uh but maybe we'll see but, do you think troll can be like that next, like culture, culture, uh, mover?
Like, like what, uh, like what pop cat did?
I'm not going to say like retardio or anything like that.
Cause like those things topped at like two to 300 mil, right?
It really seems like soul Solana over the last call it 12 months has had this like plague where whenever there's a runner
and unfortunately maybe it's because of the way on-chain liquidity works has has been over the
last like two years where the top is typically between two to three hundred mil right we saw
that with smoking chicken fish retardio muumuu rest in peace
my god that thing had so much potential um billy was another one as well and they all top between
two to three hundred mil but you know you have those anomalies like a giga that went to like
billions so do you think troll has the potential of like being somewhat of a popcat um it's a
original ip it's not like a meme that has you know this heavy dilution where there's like another
ticker on this chain and that chain it's just on soul there's no like liquidity pool on base or anything like that?
I mean, yeah, it could. I mean, I don't see why not.
It's just me looking at the chart.
The way it's traded has looked kind of like GOAT,
kind of like Popcat, Whiff.
You know what I mean?
It had that massive, or FWOG even, right?
It had that massive run from like 20, 30 mil up to 100, 200 mil.
And then it consolidated and hung out for a little bit and then legged up again.
So, I mean, that's probably where it's at.
But, you know, I do not know for sure, definitely.
But, yeah, I mean, I think it looks good.
Tucker, what's your most bearish take man bearish yeah yeah like what what is something that you definitely don't want to see because we all we all talk bullish on this show right extremely
bullish on this show but one thing that i haven't brought up in some time is what don't you want to see as a market participant i mean probably
probably either unemployment accelerating or inflation accelerating or both um
because if probably more so inflation right because like if for any reason powell had to go
back and hike again i mean it would be over in the worst way it would be over dude that's doomsday
yeah that's doomsday so that's definitely what I would not like to see.
Tommy, is there any possibility for Powell to actually hike?
Would that even be in the realm of possibilities for Powell to hike? In what scenario would that even happen?
Just off of one inflation print?
I don't think he would hike, but there is a whirl.
I mean, if they're more concerned about, because it seems like, you know,
what we could take away from the minutes that came out the other day
are that the Fed members are more concerned about inflation
than the labor market weakening.
If that's the case, if they cut, long-end yields could still go higher just because you'd have to factor in future growth expectations.
I see.
Guys, do you know what chart really looks insane?
The Palantir price.
My goodness, man.
Air Mass.
What a Chad.
He just put his entire, almost his entire net worth on Palantir at like nine bucks,
eight bucks, man.
When we look at majors, like there aren't really many majors that have done the same
numbers that Palantir has caused
and dude i really think guys like we're now at that stage where people are bragging about their
gains in the equity markets and crypto whenever it catches up it catches up in pretty rapid
succession so um i think that happens after the first rate cut and after QT officially comes at
an end. And the fact is this big, beautiful bill and all that stuff and what Besat and Trump are
shooting for six to seven percent GDP, that's an that's basically an inherently inflationary
regime. So, you know, I am a believer in like the lengthening cycle and
all that stuff, but this market has a way of front running a lot of that stuff. So I could
see a scenario where like we have a blow off in Q4, especially with all these treasury companies
coming out and probably going to be coming out for things like Solana and Hype. And then majors just range for a bit while it's just on-chain wars like it was from
March to August. What do you think, Tommy? I think Bitcoin is really interesting here just
because for the first time this market cycle, we have a valid reason to ask, okay, who's the next marginal buyer?
We're kind of seeing the micro strategy trade unwind in real time.
I don't think the cycle top is in for Bitcoin.
I actually think the structure of Bitcoin looks a lot like it did in 2017 and 2018.
Posted about it on my feed a few times over the last few weeks.
But yeah, I mean, I'm positioned for a bullish Q4.
I've been saying that we could definitely get some shenanigans throughout Q3.
But as long as we're seeing like equities, you know, trade above those Q1 highs, Bitcoin
trade above those Q1 highs, I think we have the room for, you know, maybe a blow off
top in Q4, right? I've been saying that I think we're more likely in an extended cycle. But,
you know, it's like you said, Wavi, this market tends to have a like a predisposition to like
punish every time you think you know something, right? Every time you're assuming what's going to happen next, you just get a wrench thrown
in your plan.
So who knows?
Maybe we do have a blow-off top coming in Q4.
I do think there are a lot of things lining up for small caps, for altcoins.
BNB, for example, I just did a video for that on our YouTube.
I think BNB is, I mean, it's been trending to the upside and it's kind of structurally
leading the others chart.
And I think it's only a matter of time before you see it enter price discovery in a way
where we can finally see altcoins have a little bit more dispersion, probably coincides with
price appreciation you'd have to imagine on Bitcoin and ETH.
So like, yeah, that's a long way of me saying I think Q4 is going to be bullish.
We could have more shenanigans throughout this quarter,
but I think we're setting up for a much larger move higher in crypto.
But, yeah, Bitcoin is definitely interesting here, right,
specifically because of MicroStrategy and MSTR.
I could see some more downside here locally.
Coming into the week, if you told me that we were going to sweep 112K,
I would have said, okay, well, I really don't want to bid 112K
because I think if we get it, we'll probably puke down to like 100K at least
or like 105.
And I think that's possible, but I'll be honest I don't
have much of a read on what Powell's gonna do tomorrow I think Tucker hit the nail on the head
though which is what I'll say is that he's probably gonna be hawkish we have been selling off and
de-risking all week and the last two times that Powell spoke you You know, I remember coming into those weeks being super bullish.
And, you know, we de-risked into Powell. And then we de-risked out of it because he was
excessively hawkish. But what ended up happening is we bottomed by like the end of that week or
very early on in the next week. And I think that's probably what we'll see again, uh, this time. So
maybe, uh, maybe the seasonality bros talking about the August, September, uh, correction
actually went out here. I think there's a possibility for it. Certainly the way we've
kind of seen this, uh, this selling this week. And I think there are a few alt coins that look
to me like maybe they want a little bit lower far Farcoin, for example, is kind of setting up, I feel like,
for a textbook high-time frame proof-of-three concept pattern.
Pepe, to me, kind of looks like it could get a rate lower.
But I think both of those assets will have strong Q4s,
and I think so will the rest of crypto.
You know, talking about PO something in waves,
you know what would be great if Bluntz can come out and make a four coin chart.
What do you think, Tommy?
That would save that market, don't you think?
Man, I re-followed Bluntz a few months ago.
And immediately after I did that, all I did was tweet about like bonk shit coins.
was tweet about like bonk shit coins.
So I was just like, wow, man.
I remember Blunt's calls used to be goaded in 2021.
Yeah, I think he was like one of the few
that called like the cycle top along with Ansem.
Like I remember they both tweeted at that same wick at 69K.
Ansem tweeted out,
if this market doesn't start nuking then i'm
washed um dude the crazy thing about ansem during that bull market was that like i remember because
i was in a group chat with him i think at that time like we we were kind of bearish for some of
the same reasons but because he did so well on the jewel trade, on Harmony, I'm trying to think of a few others, Adam,
I think he psyoped himself into being overly bullish at the wrong time.
Because I don't know if you guys remember, but the jewel trade just completely blew up.
And I think that complacency shoulder in the spring of 2022 really kind of psyopsing people that the bull market wasn't over when
it definitely was. The structure of Luna too, right? Because Luna made new highs.
Luna made new highs months after Bitcoin and ETH had already topped.
Yeah. Now it's just like, what's the Luna of this cycle? And unfortunately, there's probably not going to be a Luna, at least not this cycle, maybe next cycle.
I'm hopeful for next cycle when it comes to like L1s and all that stuff.
I actually have this like dubious speculation that Monad is going to be that one.
But for next cycle, as I just think like during the next downturn some of these l1s are
going to get so rinsed and all these vcs are going to dump their bags so badly that not only are
they're going to dump their their their bags that are unlocked but they're also going to have shorts
and i genuinely think there's going to be some generational entries but speaking of monad um i think their airdrop
and the axiom airdrop and the hyperliquid uh airdrop part two those are going to be some
things to watch out for in q4 for like signs of exuberance i i do think like those airdrops are
going to be huge um and anytime we've had a substantial airdrop,
the market has usually ran into like a big local top for whatever reason.
For whatever reason, like we just,
hey, we're going to release this airdrop in like a week or so.
The market's going to locally top.
It happened with Hyperliquid.
The Hyperliquid airdrop happened around thanksgiving and in like a week and a half majors um had mostly topped until the inauguration where we had um
that wick tommy what are your thoughts on like these airdrops man um like axiom and all that
stuff for for q4 do you think they're going to be huge and also the uh the hype airdrop that's
probably going to come out in the next couple of months.
Oh, and by the way, man, I heard Jeff speak for the first time.
And he's an actual giga-ched.
He knows how to speak properly.
And he doesn't really post on CT much like some of these other founders.
founders how can you not love jeff man i uh yeah i mean he's a big reason why i just have so much
How can you not love Jeff, man?
confidence in hyperliquid moving forward um just the protocol and i do think they will have an
airdrop like another one uh last time they did it around thanksgiving like you said wabi
if i think we're gonna get another bowl period in q4 um Do I think that the hyperliquid airdrop, the next
one, again, because I do think there will be another one, and I've been trading on the exchange
like there will be, it's probably two or three weeks from a pretty significant top. But I think
the airdrops will be, I mean, anytime you give participants more money to trade coins, it's not going to be a bearish thing, right?
I think there's going to be a lot of skepticism about Monad just because of the high FDV that it's probably going to launch at.
But yeah, I mean, I think anytime you're giving people free money in crypto, you're probably going to see some benefit towards altcoins to some degree.
But I don't really have like super strong opinions on Monad or Axiom.
I'll be honest, I don't even know how I would have been able to farm them in the first place.
But yeah, I'm happy for others.
What is that?
You guys know the Orr meme?
The guy who's always happy for others' success.
That's kind of how I feel about airdrops like i'm happy people get free money for just using cool products in crypto yeah i i signed
up to this thing called uh it's that yapper thing kaito and apparently just for like talking about
a project you just get airdrops like that.
But I just feel like it turns the timeline into just a bunch of AI slop,
to be honest.
At least that's what, like, a lot of, like,
if you just mute the word yap and yappers in Kaito,
like, you'll do so much better for your algorithm.
CT's definitely not, like like how it was last cycle or even like in Q4, because in Q4, man, I followed all the AI giga chads and there was some clean signal.
And now it's like now it's like so, so weird, this this this timeline.
so weird this this this timeline and um i mean i think like something bullish though is uh
the pump fun thing with um the glass full foundation where they're actually going to pump
like their eco bags because dude 3ac did the same thing um via avax rush So Bonk Fund has to do the same thing now,
or else it's just going to be pump swap tokens
doing a lot of the business on-chain.
And what's that hedge fund, the Russian guy?
He has a crazy look in his eyes.
DWF.
Yeah, yeah, yeah.
Those crazy people.
I hate trading the coins they uh they
market make they're the worst yeah yeah after i think they were the ones that pumped like
the centralized exchange tokens if you remember when they pumped uh tellor they pumped trb
by like 30x in a week and then they nuked it within two days and then right after that
you had injective had that blow off and all the other centralized exchange tokens
had that blow off and you know since then honestly a lot of all coins um have been topped
against majors uh since that time period haven't really caught any sort of breadth
and we're now coming into a period where like you know a lot of these coins period haven't really caught any sort of breadth. And we're now coming into a period where like, you know, a lot of these coins, they haven't hit all time highs since December.
So we're talking like eight months, eight months since people looked at their portfolios and thought, damn, I'm rich.
And eight months have passed by.
And yeah, it's quite something, really.
And I do think the grace that we've had
is that we just went through a quick bear market
earlier this year.
If we didn't, things would probably be looking
a lot different right now, to be honest.
Probably be staring at like $ 50 soul or something like that
if we didn't go through that bear market as quickly as we did um but anyways prometheus
what's up man welcome yo what's going on
what are your thoughts on the on the conversation and uh what powell might yap about tomorrow do
you think he's going to be on autopilot with his uh what's the meme like with if powell comes out
with a purple tie yeah he's going to be in drone mode that's for sure um that's for sure i think
yeah it was the purple tie means he's going to be dubbish. And then he came out on that like CNBC, like on CNBC or something and said, no, I just like purple ties.
I don't know if that's real or not, but I definitely think he's going to be in drone mode.
He's going to be reading off that script.
It's probably going to be the same old jargon, you know know that we've heard for the last like 24 months
really uh i hate to say it i think a lot of people are kind of overthinking what pal's going to have
to say and his you know what his rhetoric really means for for the market um i kind of said it in
the discord earlier for the guys and girls but you know if see a pretty strong pump out of FOMC, I think you kind of fade it. And
I think if we see a pretty strong dump out of FOMC, you kind of fade it. I think the market's
getting a little too emotional in regards to how or what he has to say in lieu of rate cuts here moving forward.
And usually when the market gets super emotional like it's been,
that's typically like a gigafade signal.
So I'm really bullish on a lot of the fundamental narratives moving forward.
Base has been a cooker, man.
I don't know if you've been on base,
but super bullish on some of the stuff going on over there.
I have talked that, you know, we're probably in some form.
I've talked to the Discord about us being in some form of, you know,
potential cool off period going into, you know, like mid-September.
And really good buying opportunities are going to present themselves.
You know, I don't think that people should be scared of us pulling back here that it's like
the it's over kind of question. You know, I think buying opportunities,
regardless of, you know, what you're positioned in or what you kind of believe in are really blessings.
And a lot of people, it's funny, you know, didn't buy Ethereum at the break of 2800
and remained sidelined. And now that we've gotten a pullback, you know, and ETH is at like sitting
at like 4200 and it peaked out at like,800, they still don't want to buy.
It's really interesting kind of dynamic from a psychology perspective you can kind of observe in the markets.
I'm really stoked on what Q4 has in store for the markets.
I've talked about that quite a bit.
We had a monster move out of majors, at least from Ethereum in particular,
in a point and period in the market that is very thin and illiquid. And that's probably
a big reason why we haven't seen altcoins move, particularly in a manner or fashion in which a
lot of market participants have wanted them to. And I think going into a, you know, typically a
seasonality perspective that is extremely highly liquid, that being Q4, that has, you know,
really been and brought the most wealth to the market, people should be really excited for it.
I really think so. I think even if you potentially get a pullback from Bitcoin here into
100K, let's just say hypothetically, you know, I mean, sure, all coins are going to get eviscerated,
but, you know, those are probably going to mark some pretty substantial lows.
We are in a bull market. The futures, at least the ES and the Nasdaq are trading,
you know, at new all time highs, essentially. And IWM is going to
be right there around the corner. I've stated that this institutional buying is coming for
altcoins as well. A lot of people have a hard time believing that kind of with where the spaces,
headspace has been at, you could call it. But it's only really a matter of time before these
institutions are going to start scooping up projects, you know, and people, I was talking to somebody earlier and I mentioned that and they
said, well, why do you like, you think they're going to buy Pepe? Like you think they're going
to buy Doge? Institutions just care about making money. Like they are really asset agnostic at this point and the BTC ETF and the ETH ETF should be clear examples
of that at this point. All they care about is making money. And if this industry wants to trade
meme coins, you're damn right. They're going to be buying up meme coins. Like I said, they're
asset agnostic. They don't really care if they can make a buck, they're going to make it.
So I'm bullish heading into Q4, Wabi.
I'm, you know, short term.
I've stated, you know, from a more granular level, I could see lower prices to our trading
group and I marked out those specific levels.
But the high timeframe conviction bags shouldn't really be going anywhere in a portfolio.
You know, I'm bullish on Solana looks actually really good from a structural perspective. I get it. It's lagged ETH, but it's putting in
this, you know, steeper, higher high and higher low structure. You know, ETH looks fantastic.
Bitcoin is definitely looking a little bit distributive, but tops are a long, long, long
process. And if we think that equities are going to go higher, what do we expect out of Bitcoin?
You know, there's a higher correlation now between Bitcoin and equities than there's ever been before.
So this asset class, in my opinion, falls much more in line and continues to fall much more in line with the cross collateralization between all the markets.
So as we continue to see that cross collateralization in markets, eventually Bitcoin is just going to be the S&P 500, essentially the crypto of the crypto industry, truthfully speaking.
So get the goods while the going is good, right?
And I'm stoked. I'm stoked for Q4. I really am.
Yeah, Q4 is going to be insane, I think.
It's just getting over this short-term hurdle of Jackson Hole. It's like
someone presses the mute button on the market whenever there's a macro event happening within
a couple of days. People just stop bidding. They just stop bidding. And volatility gets really, really, really compressed.
I mean, Bitcoin has basically been in a range now for almost a month and a half at this point.
Since July 9th, it's been in this range, yeah, for about a month and a half. And the range before that lasted about two months from May 9th all the way until July 7th.
And then we had that breakout.
So something's going to give, I think.
Something's going to give here by the end of the month.
Maybe we shoot to 130, 135k BTC in September,
and then we have that quick, quick, quick correction that usually happens in Q3.
There always seems to be some correction that happens quickly in q3 and it
always happens like within 24 hours like the nuke that we had in 2023 in august happened during a
space and then naka turned into a soy jack and um started laughing and calling for three-digit ETH. And then in 2024, it happened during a weekend where I was in Colombia,
and Tucker is like,
ho, ho, ho, ho, look at what you've done to the market.
And those reversals happened really quickly,
because during both of those nukes like
everything had a huge bounce and then the correction that followed after ended up being
the higher low so um yeah i'm excited to be frank uh ragsy what's going on welcome i know uh
you had messaged me saying that you uh enjoyed yesterday's space and i did
too and i know um you didn't really get to speak during that space so uh feel free to give some of
your thoughts on uh on the market welcome back and also congrats on like the engagement that
you're getting on tiktok for those that don't know ragsysy does a few live streams on TikTok.
And believe it or not, there's like 100, 200 people that tune in to crypto TikTokers.
And I think during the last cycle, TikTok didn't really blow up until like April, mid-April after the Coinbase.
April, mid-April, after the Coinbase, or no, it was going into the Coinbase IPO where TikTok really started to get a ton of engagement.
And I've said this on these shows before.
I think next cycle, there's going to be more platforms outside of YouTube and X that facilitate a home for new people to get into crypto because dude nope nobody knows what ct is
like we are in a small bubble uh even though there's like a couple hundred people on this
space and a couple hundred people on a few other spaces sometimes the space gets like a little
over a thousand um i think our biggest number was like 1800 or something like that but um it is a it is
still a very concentrated group of people that is unfortunately still it still has some friction
for for the same kind of influx to come in as we had during previous cycles.
And we look at other platforms like TikTok, which are more like normie friendly, and also Twitch and Kik, like your next batch of retail, your next batch of like new money, I would
say not retail, but just new money in general is going to come from those crowds.
And so, you know know if you guys are interested
in creating content i'd definitely start off um with those platforms um i've definitely enjoyed
it doing like the twitch streams and all that stuff and uh yeah just want to give that quick
quick shout out to ragsy but ragsy what's going on how are you uh How are you feeling about everything?
Yeah, thanks. I had so much fun yesterday listening to you guys.
I didn't want to interrupt that guy who we had yesterday, Mike. He's really good.
And there's so many things I wanted to comment on, but he was just cooking. It was so good.
I agreed with a lot of what he said. Disagree with some very few things, but the majority like very sharp guy.
I basically like anybody who's bullish. So he was like crazy bullish.
But, um, but yeah, TikTok's a different animal.
I actually had 2000 people.
So like TikTok, you might be in there and see there's only 100 people.
That's because people are scrolling through.
So if you've TikTok is different than Twitter. I'm very repetitive on TikTok. You might be like,
didn't she just say this like two minutes ago? Repetitive because there's people moving in and
out of the lives. So new people are coming in as old people are leaving. So in TikTok,
some people stay the entire time, but I'm very, you'll notice I'm like super repetitive
on TikTok because people are scrolling in and out. So we had about like 2000, uh, yesterday
with about a hundred or 200 people in there at any given time. But, um, so it's very interesting,
right? Cause on Twitter, they're probably not scrolling or they can listen to the space and
scroll, but on TikTok, you're either in the live or you're not so people
will pop in live for five minutes leave scroll and then like maybe come back and stuff like that
so it's definitely definitely different than like uh twitch or kick but yeah uh very i'm very popular
on tiktok for whatever reason much more popular than twitter I only started using Twitter this full run so I've
did TikTok during the pandemic as a hobby like I didn't even want to be a crypto content creator
or a crypto person we were just all locked inside during the pandemic and I was bored
so I was like oh okay I'll just start a crypto page like for fun just because I was doing crypto
and I blew up like crazy but I wasn't trying
to be like a figurehead in crypto or anything like that so it's like kind of funny how it happened
but yeah there's definitely TikTok is the best though lives because like Q4 everyone knows me
from meme coins from last cycle because I called like she but really and sold the top.
So like in q4 last year, when meme coins were popping, they would come in and shill me and
they found good stuff like 100x 30x 20x. So the audience comes in and tells me the alpha
of what's going on. So it's kind of like a good secret if you're in meme coins, instead of me shilling them, they come in and shill me and they had like a lot of good picks.
As a matter of fact, I hit two 100 Xs on something that a random person came in and shilled me on TikTok.
So for meme coins, it's like super fun.
But on the flip side, I feel like Twitter people are much more savvy with crypto,
like they understand the scams and stuff. And TikTok, you get a lot more normies. So they need
a lot more guidance and things because they don't really understand it. But I'm super bullish.
I'm always bullish when people are bearish and fearful. I still strongly believe ETH is not cooked. I think Ethereum is going to
have a monster of a run when everybody least expects it. I've been saying it the whole cycle.
And then now here we are above 4,000 ETH again. I kind of warned people in my spaces that I hosted
April 8th that that was like, I was confident that was like the bottom for
the year of ease.
And that was correct.
So that's one of my trophies.
I think that, yeah, I still think Q4 is going to be bullish.
I don't know if they're going to cut these rates or not in September, but honestly, I
don't know if it's going to matter that much.
I still really feel very bullish for Q4.
I think there is a strong
possibility. I think we got to see what happens in September, but I think it's a strong possibility
we are going to see a cycle top in 2026. And if you had asked me a year ago, I would have said,
no way. You're so you are like dead wrong. There's no way we're going into 2026, but I see it now.
no way we're going into 2026, but I see it now. And, um, I think this bull cycle is very different.
And I think the guys who are doing TA got to be a little careful because the cycle,
like I saw a lot of people get like some of the best chart analysts get it wrong last year in
like June when they thought East was going to have that run in the summer. Because you see this, it's, you can't really go off.
The charts are going to be off because of everything that's happening.
You have the hedge funds in, you have the policy.
We had the tariffs come in this year.
That's how I knew the bottom was going to be in April for at least Ethereum.
And these things can really, really throw off the TA.
So I think it's very likely that we might actually see a top in 2026, which I would have said there's
no way. But I'm still bullish on Q4 for this year. I still think we're going to have a rally in Q4. If we don't, I will be
very surprised. But then I think we're going to get it in 2026 at some point. I just like can't
believe my whole thesis on this. I look at the whole picture. So for people who don't know me,
I'm a professional artist. I'm actually a muralist. So I like to look at the whole picture so for people who don't know me I'm a professional artist
I'm actually a muralist so I like to look at not the details but the overall picture of the market
and that's how I've kind of you know found bottoms of things found tops of things I sold the exact
top of Shiba Inu on the date in like the hour. And I think that you got to look at the overall picture
of the market and what these hedge funds in and the kind of money they're bringing in. If you look
at their reports from just that Bitcoin ETF, I just feel like they're going to do everything
in their power to keep this going, this bull run going for as long as possible. I mean,
they're making a freaking fortune.
And they haven't even made a fortune on the ETH ETF yet.
A lot of them haven't. Not anywhere near as much as Bitcoin.
So I have my reasons for picking certain things
and believing in certain things.
And I'm kind of just sticking with it.
I think that a lot of people are going to get their altcoin picks wrong. So that was something
like I warned people last year is last cycle, we were in a layer one bubble. We're not in a layer
one bubble this cycle. So I think, yeah, like top altcoins, layer ones will pump to some degree,
Like top altcoins, layer ones will pump to some degree, but the real gains are going to be made.
The altcoins and technology that have like the government partnerships and like in the bigger picture this time.
So just because it was like a thing of the past or a hot layer one last cycle doesn't mean all the liquidity is going to flow into that, um, into that chain. So one thing
I noticed is like this whole bull run people forget kind of started with chain link when it
had a 30% gain in the bear. And I just always thought that was interesting. Um, so I told my
followers like about chain link, which is something I did not have at the time, but it's an Oracle and I knew it was partnered with Oracle. And then when Trump won, I was,
I noticed that the, uh, the summit they had, Chainlink was one of the only altcoin representatives
that was there. It was all Bitcoin maxis. So I started aggressively buying Chainlink. And now it's like up over 100%
from where I bought it this year. But it's, you know, I'm not shilling just Chainlink, right? Like
me talking about Chainlink is not going to move the market cap at all. But I just like looking
at the bigger picture. And like those kind of key partnerships with governments, I feel like that's where the liquidity is going to go this cycle.
And I think people need to be aware of that.
I think there will be a window, another AI craze.
I don't know when it's going to be.
But I, you know, I have like one or two AI picks.
You know, I have like one or two AI picks, but I think the majority of the money is going
to go to those blockchains that have those big government partnerships.
And I think that big tech companies, you're going to be surprised.
A lot of them are going to launch their own blockchains and their own tokens.
And quite honestly, I'm probably not going to buy any of them.
And I can already see it.
Like you're going to see headlines like Microsoft this or Google that.
And it's going to be a selling point for retail to get into the token.
Like, I don't know, to me, that's like a top signal.
But I could kind of see that being like overkill this time, especially with the new policies.
So, yeah, I have a very, I was really careful about what altcoins I picked to hold this cycle.
And I carefully crafted my meme coin portfolio.
Most of my long term positions on meme coins are all Ethereum. Solana's
all short term, with the exception of the Bucky, which I know you like, Wabi, which is very rare
for me to hold something on Solana for more than a day. But I love what you guys are doing with that.
And yeah, so I guess that's in a nutshell what I wanted to say, just to be wary of, you know, the altcoin picks.
And yeah, and I'm bullish overall, especially for Q4.
Hey, Ragsy, great to hear from you.
I want to thank all of you guys for tuning in.
Also, Tucker for coming on,mmy and also prometheus uh i am gonna start
wrapping up here today guys i did say that uh for today's show i kind of wanted to do it quick
and uh really just rapid fire just give all of our quick takes on the market before jackson hole
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Bye-bye. I just
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