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Market Talk- FOMC DAY?! BTC AND STOCKS RED?! DOWN ONLY SOON?!
Recorded: March 18, 2026 Duration: 1:42:31Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Oh Oh open up the limits
reach the top but still you gotta learn how to keep it Oh, yeah. Welcome to the limits.
Take it maybe one step more.
Our game's still playing so we better win it. Okay. Music Stand in your way, you might get better, but you'll never be safe while you're living. Thank you. Music Welcome to the limit.
Stand on the razor's head.
Don't look down, just hate your head.
You'll be kidding.
Welcome to the limit. Keep your head as you'll be feeling
Welcome to the living room Welcome to the living room
Welcome to the living room Welcome to the living room what's going on guys knock are you able to hear me man this uh little mic thing isn't going off
on me are you able to hear me man anyone the audience? Just throw up emojis if you're
able to hear me. I'm not able to hear you, Naka, at all. Whatsoever, man. I think you
have to...
Can you hear me now?
Yeah, yeah. You're good now.
Can you hear me now?
Yeah, yeah. I'll just give the intro real quick.
That's crazy.
Yeah, yeah. Yeah, sure. yeah yeah you're good now yeah i'll just give the intro crazy yeah yeah but anyways guys what's going on welcome back to market talk brought to you by bb my name is wabi beautiful day man
despite the volatility we have hyper liquid i am going to talk everyone's ear off on this thing
man um hyper liquid has hit new year-to-date highs this thing is up almost 70
you have micron and sandisk uh are at not only new year-to-date highs but also
hitting new all-time highs as well and it's glorious man it's really glorious when you
actually put your foot down in these markets and have discipline and strive to
seek alpha in this market. Every single person that has been tuning into these spaces for the
last few weeks, basically since the year began, has had multiple trades that have been exuberant
despite crappy market conditions. So congrats to every single one of you that have jumped
into some of these names you also have maybe it's rebounding from yesterday's low
and honestly we only have one more meeting with jerome powell which is next month
and after that it's probably off to the races after this slight dip which i think is going to be coming once kevin warsh is in ladies and
gentlemen you also have the s p hitting new year-to-date lows but despite all of that we have
hit multiple trades here on this show so congratulations congratulations congratulations
and uh speaking of hyper liquid the s p S&P and the Dow Jones are also
going to be launching contracts on hyperliquid so the thesis is there guys welcome welcome welcome
I hope you're all doing fantastic and you know I I think what we're seeing right now is very equivalent to what we saw during the second half of 2023.
You saw crypto front running the downside on equities while they semi distributed at the highs for like a week and a half.
They certainly have never distributed for as long as they did before the breakdown that we're seeing right now.
for the breakdown that we're seeing right now um but when we started breaking down during that
second half of 2023 september october uh crypto had mostly already front ran those flows if we're
talking majors because we did have all coins most all coins um outside of the top 20 just absolutely
get hammered and i remember pepe i think pepe bottoms around September around there, Pepe had one more
had one more
low to test
I think it was during that, during some
FUD or whatever concerning
either wallets or something
with Anubis DAO, something like that
I think it ultimately
bottomed out at like 240
to 280 mil, something like that
and here we are again And it ultimately bottomed out at like 240 to 280 mil, something like that.
And here we are again, kind of experiencing some deja vu.
We're seeing strength on certain names that really are probably going to go into the top 10 the last token that hyper liquid needs to flip
is doge that's it after it flips doge it's in in in the top 10 um and i i don't really
think stables really count honestly so if you really think about it hyper liquid is already a top 10 token if you
exclude tether if you exclude usdc um and if you exclude also usds which i have no idea what usds
even is um i had no idea this thing was even a thing, honestly.
But anyways, Hyperliquid is already a top 10 token,
but I do still think it has to flip some of these stables because honestly, I think Hyperliquid should probably flip BNB,
in my opinion.
And we're also seeing oil
we're also seeing oil up like two percent um and it's really shocking how you have people on this app saying that they want to find the alpha they want to find where the money is going
want to find the alpha they want to find where the money is going and you've got people bragging
about two to four percent volatility with something like oil which i would honestly say the volatility
on oil is likely dead right now but they're not hitting micron they're not hitting sandisk
they're not hitting nibius um they're not hitting names that relate directly to AI. And if you guys have been
paying attention to the AI sector with Anthropic and all that stuff, the narrative is there and
people are like, oh, why isn't NVIDIA hitting all-time highs and all this thing? But it's
more than just NVIDIA. It's kind of like crypto, right? It's more than just nvidia it's kind of like crypto right it's more than just btc
and eth and soul there are more stories to be told and there are there are situations where
you do see majors and indices and crypto not really do much or have some bearish chop
while you have beta actually do well um and i think that was the
case with ethereum we even saw this in 2019 after btc had ran up to about 14k just under 14k we
actually saw eth continue to pump all the way going into august i'm sure sure Evan remembers that pump. ETH had rallied all the way to almost 400 bucks,
peaked out around August. And I think also we saw like the NASDAQ also peak out around that time
for a bit, whereas Tesla kept on going up and to the right. So if you look at stories like a
like a Sandisk, for example, the proof is in the pudding and we've been talked we
talked about that gap up to 750 um last week as um it started bouncing off of 600 and um here we
are today and this is a multi multi-deca billion dollar company the volatility on this thing is
absolutely insane and i would say honestly like once you
start seeing sandisk trade near like probably 860 870 probably a good time to just rotate out of
that wait for a correction and if anything probably bridge it back into probably bridge it back into crypto take a good amount of of uh of size off and just wait
for um new altcoins to come out because those are probably going to be the ones that uh that um
that outperformed so history doesn't repeat itself and it often rhymes but it often rhymes and
usually during the pre-having year so the pre-having year is next year
you do start to see some things um you do start to see some things um come into crypto launch
tge whatever you want to call it and they just melt face and um one of the tokens that i like
honestly that that we've been talking about here on the show over the last week has been derivative. I think crypto options are going to be absolutely insane.
And I think that's probably going to be a narrative for next year. Now that you're seeing
Hyperliquid form these partnerships with the Dow Jones, S&P 500, you'll probably see an options market next um and i think this market could really use those
flows the moment you have the options people come into crypto it's going to be absolutely insane
i think solana options recently opened up uh on derivative But most of the crypto options right now are done on Derivit.
But we're just talking majors here.
We did have BTC and ETH pull back from range highs.
Same thing with Solana.
They'll probably make new range highs if I were to stick my neck out.
Just if the S&P were to rebound to like 6,800 or something like that.
The strength in crypto is something that just cannot be ignored.
But we'll see.
Powell didn't really say much outside of just holding rates. He doesn't really have to say anything now. And he's still going to stay in the Federal Reserve building until the investigation on him is complete.
Honestly, it's probably almost time to cut rates.
I do think the S&P is probably going to have some 10% to 15% correction this year.
I mean, in my opinion, if it's going to happen, then it's going to happen going into Kevin
Warsh starting his tenure at the federal reserve.
But,
I understand why people are looking at doom and gloom for the indices.
cause they do kind of look like they want to continue on this little
pullback here,
but,
nobody is going to be Michael Berry.
If you're in crypto, like you're just not going to be Michael Burry. If you're in crypto,
like you're just not going to be Michael Burry in this environment.
I think looking,
looking for plays like a Sandisk,
like a Micron,
like a Nibius trades like that.
And even earlier in the year with things like Home Depot and Coca-Cola that we
were talking about here on the show,
or even oil,
we were talking about oil at like sub 70 before that
gap up to 100 100 plus on hyper liquid um i think being a long only investor and just having your
your own periods of risk on and risk off is a lot easier on your mind um i have been a massive bear in the past, but being a bear, there are very few people that
are actually going to be sizing into shorts, whether on perps, on Bybit or Hyperliquid
or buying puts on equities.
equities very few actually put a substantial amount of size and by substantial amount of size
Very few actually put a substantial amount of size.
I mean like going up into the right by disregarding risk management and putting 75 plus percent of
your net worth on puts and believe me some people have actually done that and have gotten carted out
if you were to ask someone would you rather go 75% net long or net short?
I can guarantee you most people would rather do the former rather than the latter.
They'd rather go net long than net short.
That has been a proven strategy for 100 years in these markets.
Whether it's crypto, whether it's TradFi, most people would rather go net long.
whether it's trad fi most people would rather go net long it's a lot easier on the brain and it
pays it literally pays to be perpetually optimistic um but anyways guys we're gonna see
what the guys have to say i want to welcome you all back to market talk brought to you by bb my
name is wabi as i said at the start of welcome, welcome. If you're here live in the audience, if you're here listening to the recording, apologies.
Spaces have been acting up since yesterday.
So I'm not sure if some of you are even able to hear me speak.
I don't see the blue thing moving when I speak.
But on my personal profile, I'm actually able to hear myself speak.
And yesterday, I knew spaces were acting up because I couldn't go live at all.
And lo and behold, we were doing the show.
And then right in the middle of the stream, it just completely rugged on me.
My screen went black.
And I had to finish the show on my personal profile on my Mac.
So excuse me, guys, if it happens today.
Sometimes these things happen on Spaces.
It could be once a week, could be every other week,
sometimes every couple of weeks where Spaces just have an entire bad week of glitches.
And hopefully at some point, guys, hopefully at some point,
Spaces will be a bit more fluid, a bit more streamlined like a Twitch or Kick, which I'll probably be back and doing once BTC is trading above 90K.
I think that'll be a good time.
More opportunities in the market.
There's not really much going on chain, not much going on on Solana, not much going on on ETH at all.
It's kind of just waiting and seeing if majors could break out,
which I do think BTC could break out towards, I would say,
at least like 78 to 82K just in the immediate short term.
Even if we were to make new lows, I do think we can still make new range highs.
And if we were to make new lows, I legitimately think it would happen within a day where you just see Bitcoin down like 25, 30 percent.
I flat out think it would just be a massive volva. And that's the bottom.
That's something that we've seen during Trump's administration multiple times, man. And I don't
think this time would be any different. But either way, guys, before we get cooking for you, before
we bring you all the alpha, our thoughts on the market and all that good stuff, you guys can go
ahead and show some love to the space.
Best way to do that, guys, is by clicking the spaces tab.
Once you guys do that, right above our profile pictures,
you'll see a nice link that says x.com slash i slash spaces.
If you guys can go ahead, hit up the like button, hit up the retweet button.
If you've made money on Hyperliquid, hit up the retweet button and the like button.
If you made money on Sandisk, hit the like button.
If you made money on Nibius, hit the retweet button, all that stuff.
And same thing with Iron.
You've had multiple people here on the show that gave signal on Iron.
I did not.
That gave signal on Iron when it was trading.
I think it was trading in like the early 30s mark, it gapped up all the way to the mid 40s.
So if you made money on any of these plays over the last two weeks, go ahead, share the stream and all that good stuff.
Helps bring more people onto the show, brings more brand awareness.
And ultimately, guys, we're not that far away from 2027.
If you've just taken a look at how fast time has been moving, we're already in mid-March.
That's crazy, man.
And as the year goes on, you'll see some assets have just bottomed before the broader market.
before the broader market and honestly like you know I just want to give a
shout out some rad because memes are down by like 90 plus percent but this
guy is still going on shows on streams on podcasts and just yapping about SPX
6900 and I'm like damn dude, dude, like this thing might actually survive.
Where's the bottom?
I have no idea.
But I do think SPX 6900 and Pepe at some point will outperform.
Whether they go into price discovery, we'll let the market decide.
But for myself, I do think they will hit new all-time highs.
If memes don't come back, then crypto is just done for.
If you look at any time the market has had some sort of bounce of breadth,
where you see Sol and ETH gap up by 10 plus percent,
what do you see gap up the most?
It's memes and AI.
So that's what I have to say about that.
But anyways, guys guys spaces are recorded
as always and uh i'm sure most people are just going to listen to the recording because
at least on my end i think spaces are glitching out i i could be the only one experiencing this
with another handful of people but either way we're gonna go ahead and uh get cooking so
naka what's going on, man?
How are you?
Welcome back, bro.
Well, good evening, my little DGens.
How's the bull market going?
The energy bull market, man, has been voluptuous, okay?
You're talking about XLE, Evan, right?
Hell yeah.
Yeah, XLE.
Go ahead, Nakasar, to interrupt.
I think spaces are giving him issues.
Hold on.
I'm going to send my personal profile a co-host.
Maybe that would help.
Let me see.
Okay. Oh.
You're good now, man.
if you're speaking i'm not able to hear you man
yeah i don't hear him either damn i can send you co-hosts naka i i i sent you co-hosts i think that would work. Yeah.
Check the bottom left,
knock guy.
I sent you a co-host.
I feel like they program these damn spaces to like count out these bears,
man.
I don't know. Oh oh here we go here we go
all right can you guys hear me now yeah yeah it's perfect yeah man yeah it's fantastic yeah
i mean basically um i i actually genuinely think we topped the day before yesterday
think we topped the day before yesterday i think that was probably the top
um it just yeah it gave signals in my system and at the same time there was there was that
fucking korean guy called the bottom who's what's that guy called let me just check um
this guy called uh tacky maeda Taiki Maeda. He said,
I think the bottom is in.
I'm pretty sure that was the
top.
That was yesterday.
I do
think we've topped.
I think
we're probably going down from here.
I think we're probably going down from here. I think Taiki also called the top last year in 25 and Q1 and also in Q4.
He's actually been on a tear, man.
He did it on Hyperliquid as well, so it was all public.
He also called out Farcoin.
He sold all of his ETH, man, in 2024, like in early December.
He sold most of his ETH, and he bought Farcoin.
And that was pretty pretty legendary um yeah it was pretty legendary man
um what are you up to in these markets naka
i'm i'm busy irl i actually need to sell some Bitcoin and open some kind of short, but I'm just
like super busy IRL. I've got some health issues and like house issues I need to deal with. And
the market, to be honest, it's just kind of annoying right now. But I do, I do have like
a couple of grand of Bitcoin I need to get rid of. Um, and I think I should have done it yesterday
because it was just, that was just obviously the top.
I mean, I said, you know, it would take us until late March before...
...that's happened.
So, like, you don't really you're just like flat right now
well i've i've got some bitcoin so i guess i'm i'm long i'm long bitcoin from
roughly 60k but only because i bought um uh some of that fucking monero um bought the top of monero
and took like a massive like 40 drawdown on it because i was like oh my god man it's fucking monero um bought the top of monero and took like a massive like 40 drawdown on it
because i was like oh my god man it's a monero breakout this could be it i actually genuinely do
think monero could do well but i think um it's just you know in a yeah in a couple of years it'll
do well but that was um you know it's got to like reaccumulate at these levels for a long time and
i'm just like yeah i'm not interested um i it was, it was a relatively small position that I took a big loss on. So, you know,
I've got like a couple of grand of Bitcoin. I've rode that up from 60 K to 75. So that's a decent,
yeah, it's like a decent 20, 25% pump on that. Um, so that kind of helps to undo some of the damage.
So, um, yeah, I mean, but I but i literally just need to get rid of that and then
i probably want to open a short position somehow i'm not sure how i'm going to express it but i
need to open a short now because my system is basically saying that we've probably topped
evan what are you saying brother yeah i mean it like i i think i said i told you guys the other
day i mean you know it was
year today anchored vwap you know essentially coinciding with not what naka was saying major
major area that we hit perfectly uh around you know 76k we're rejected from that perfectly
it made a lot of sense i mean i think the biggest thing, is even if you're not really a TA guy or anything, you know, you jump 26% from the February low for Bitcoin from that 60K low.
That's normal, you know, bear market rally.
I mean, that doesn't mean that you have to reject from here and go down to freaking,
you know, 30K or something crazy.
But, you know, in all likelihood, I think that once you lose 70K, which you probably
will, you know, within the
next week or something, that you'll be back in the same range that we've been in, roughly between
low 60s to high 60s, you know, that kind of situation. And I think you could be in that range,
that crab market, you know, sideways for a couple months here, potentially into May, June or July.
And that's what happens in a lot of these bear markets. It doesn't mean you have to necessarily, you know, go all the way back and lose 60K. I mean, you do have the 200
weekly moving average, which is always a major, major, major level. And I mean, rule of thumb,
I know there's people are going to say diminished returns and all that, but rule of thumb, if you
can buy like anywhere near that, like in these bear markets, usually you're doing to do pretty
well. And by the time you hit it again,
like it would probably be at least that kind of that 60 K mark
if you're going to hit that.
So that would be potentially a double bottom
in this bear market, potentially, you know,
somewhere in the coming months, I would say probably like June,
July, the latest, that kind of area.
So, yeah, I mean, if you're a trader, you know,
that I'm short from, you know, 76 K, I posted this picture of a Chad and i mean if you're a trader you know that i'm short from you know 76k i posted
this uh picture of a chad and i said you know on a month from now people went short 76k would look
like this uh some people interpreted interpreted the picture of the chad like a little um you know
it's subject to interpretation you'd have to look at the picture of the chad but you get what i'm
saying i mean the daily looks pretty bad.
The two-day right now looks pretty bad.
I mean, I would say, you know, it seems like these drops, like if we just take this from an obvious perspective here,
it's like the first drop that you saw since the all-time high in October to the low was about 35%.
This next drop was, you know, 38%.
You know, I would say this next one, based on all this selling pressure, is not going
to be a full, you know, 35 percent or whatever that would bring you down to 50K. That's probably
like your lower, you know, case scenarios, but it could just be 20 something percent, you know,
potentially in the coming months for a potential bottom. Wabi, you mentioned S&P 500 looking
bearish. Yeah, I'm with you. I mean, this definitely could come down a bit more i mean s p 500 right now is that you know 6600 right now bitcoin's at you know 71k you know bitcoin going down to 60k s p 500 doesn't have
to you know or excuse me s p 500 going down to like 600 630 that doesn't mean you know bitcoin
has to go down to 40k you know it could easily kind of hold a lot of these general areas and
keep in mind like i always tell you guys,
in 2022, MicroStrategy bottomed in May of 2022. S&P 500 did not bottom for many months later.
ETH bottomed in June of 2022. S&P 500 did not bottom for many months later. So that's what I
would interpret there. I mean, in terms of strategy now for long-term, selling cash-secured puts on
Bitcoin, wheel strategy, and then covered calls. S selling covered calls makes a lot of sense, you know, three, four or five percent a
month. I like that. I think for preserving wealth, there's two things I like right now. I mean,
Berkshire Hathaway is 30 percent cash and it's got oil exposure, like to try to find something
that is actually following the momentum right now. That's probably a safer bet, a wealth preservation bet. Berkshire Hathaway, I'm in. I've made the most money probably since,
yeah, since January, just going along on XLE, which is the energy ETF. I got some Occidental
Petroleum. That's one of the ones Berkshire Hathaway has. I don't see any reason to get out
of that yet. I'll let you know when I see momentum shifts, but the momentum's there.
And I like that momentum. And I think, you know, i see momentum shifts but the momentum's there and i like that momentum
and i think you know you look at what happened after iraq like 2004 to 2008 and keep in mind
you know energy usually peaks out last before recession so if this is anything like iraq i know
it's a lot different people will say but and that's true there's arguments to make there but
you know this could ride you know oil could keep or excuse me energy could keep going i wouldn't
mess with oil right now.
That's just way too volatile for my taste and too unpredictable.
But energy, I like.
I mean, you mentioned hype.
I think hype still has the momentum for any altcoin that I would hold.
Yeah, why not?
Let's try to chase the momentum a little bit and then, you know, get out if that momentum changes, if this stops showing strength against Bitcoin and Ethereum.
ETH right now, I haven't looked at the ETH Bitcoin chart, but it's probably bleeding against Bitcoin,
I would guess here, a little bit.
But generally, based on monetary policy, we'll see what happens with this.
I kind of have a soft, soft for ETH.
I think it may continue to generally potentially outperform Bitcoin.
And then, you know, I mean, these could have bottoms, you know, we'll just see what happens
here. I mean, this could be, you know, the start of potentially a double bottom situation. We just
come back down to like, you know, 18, 1900s and just bounce around for a while into the summer
and then see a gradual recovery back to maybe 2,500 in quarter four or even quarter three, something of that nature,
generally a more mild kind of bear market.
So that's what I'm saying.
I think it's a long accumulation time.
So, yeah.
Dude, I've got a soft spot, or rather a hard spot for hyperliquid.
But Evan, dude, how the hell is is tech continuing to rise um even even with energy
moving i think that's that's the biggest difference here and that's why like i don't i don't think
we're ever going to have a recession again i don't think that's ever going to happen um i think they would rather debase us and print money before any
kind of recession-esque environment similar uh to even post.com where tech just got destroyed and
it was industrials um and commodities that actually did well during that time. And tech just went down only until like three plus years after the NASDAQ hit a high and we bottomed right when Bush announced Operation Shock and All.
You've got people talking about oil, but why aren't they, again, why aren't they talking about some of the smaller AI stuff? why aren't they talking about um some of the smaller ai stuff
uh why aren't they talking about amd why aren't they talking about micron why aren't they talking
about sandisk and you even look at something like intel as well it's up over two percent today
um it's a nice little move man it's a it's it's up as much as oil and everyone
is soy jacking over oil even though over the last 50s it hasn't really done much hasn't really done
much since since uh since last week um after we had peaked out so i'm asking myself like
is the tech trade going to continue from here?
And is the energy trade done for?
Kind of like if you remember, Evan, in June of 2022, that's when oil had peaked out that year.
And then you had a huge about you basically had a massive gamma squeeze in the summer of 2022, where the s&p basically gapped up by 10 plus percent
um and some names like netflix did exceptionally well i think netflix also bottomed during that
time i think ultimately netflix and a handful of other stocks, singular name stocks, had bottomed out in June.
Why do you think tech is rallying, man? You still have some tech names hitting all-time highs,
despite the Qs basically hitting range lows again.
Most of those you mentioned, I believe, I was trying to look at some of them. I mean,
AMD's bled against XLE.
SanDisk has outperformed XLE.
So it's some tech's done well.
Yeah, I mean, some of them are.
I think there's always going to be a bull market somewhere within every sector.
You know what I mean?
Like, there's always going to be something that kind of does better.
Just like hype's been in a bull run while crypto's been in a bear market.
Just like SanDisk has, you know, come up like the triple Qs have come down. There's always going to be a situation, you know, kind of like that. So that's what I would say. I mean, you could kind of follow
the momentum, you know, kind of just following the momentum there. I would say that XLE is still
kind of in that momentum area. In terms of, you know, recession and all that,
I think we're years away, man.
I mean, I think if it's,
I look at like from 2004 to 2008,
like I feel like it's probably gonna be,
you know, like two, three or four years away.
And then, I mean, the thing too,
is you look at in terms of money printing,
I mean, you look at like the,
I mean, this is a hundred years ago,
but bear with me. World power at the time during the Great Depression in the U.S. was still
considerably the U.K. The U.K. was a lot different in the 1930s than the U.S. Like the U.S. didn't
print a dime. And that's why the Dow Jones went down 90 percent. People were in bread lines.
U.K. in 1930s, they printed money. They printed money. That's why their stock market only went down 40 or 50% while the Dow Jones went down 90%. In addition, it was not nearly as bad there.
But even with that, you would think that, you know, with printing money that people would
have been better off in assets, really the best investment if you were in the UK during that
decade still was bonds. You know, it still was generally cash earning interest. So,
you know, printing money, you know, I feel like we're, we're too, and I could be wrong on this,
but I feel like we're too much in a view that we're going to see 2020 kind of all over again.
I feel like that's just such a one in a lifetime type situation. Like I just don't see any like
from Powell or any, any even Warsh, like I'm, I'm just not seeing, you know,
enough argument to make kind of for that situation. Like they will print money. Yes,
things will go up, but I just don't think it's going to be enough to prevent recessions. It's
not going to be enough to prevent all this AI disruption. That's going to, you know, take away
all these jobs like Uber drivers and delivery that keep a lot of people out of poverty. You know,
I think that's, you know, you're going to see that unemployment, you know, slowly,
there'll be peaks and valleys, but, you know, slowly kind of rise and then get to the point
where it finally brings us into a recession towards the end of this decade. I think everybody's
afraid to, you know, because I think, you know, you were on very thin ice in 2022. I'm sure Powell,
I mean, the guy is stoic as hell, but I mean, I'm sure he was really nervous at points, you know, you were on very thin ice in 2022. I'm sure Powell, I mean, the guy is stoic as hell, but I mean, I'm sure he was really
nervous at points, you know, in terms of what could have, could have happened.
And I just don't think it just ain't going to be enough where, you know, everything's
only going to kind of go up.
I mean, you see it happen in some of these other countries, like people would argue,
you know, Venezuela's, you know, when they printed a shit ton of money, Venezuela's stock market, you know, went up a lot.
But in terms of buying power, it still went down, even with all that money printed.
So, you know, it just doesn't really work that way.
I think history is still going to kind of repeat and there still will be recessions and all that.
I mean, I hope I'm wrong, but it's always what we've generally seen.
Naka, what are you saying, bro?
What are your thoughts on AI, Naka?
Are you playing any AI names?
Well, I don't have a LegacyFi account,
so I can't buy any of the Legacy Finance stuff.
Hyperliquid, man.
And nothing in crypto.
Hyperliquid isn't AI.
It's like some DeFi. You can trade stuff on Hyperliquid isn't ai it's like some d5 on hyperliquid
oh yeah i could i don't really want to carry the risk though like i think if i wanted to buy ai i
just have to go and get like a legacy fire account but i haven't done that yet because i'm busy um
yeah um so yeah i mean i just don't the only thing that's even slightly interesting is like
Venice, but I think Venice has kind of already pumped a lot, but like really crypto just looks
like shit at the moment. Like everything that is even remotely interesting is just overvalued.
Um, the crypto community, like I saw this, um, I saw a couple of important crypto companies
recently go bust, like most recently Tally, which was, um, making tooling for DAOs.
Like that went, that went bust.
They, they, they closed up.
Like crypto just looks like a shit show.
Um, you know, legacy FI like also looks kind of bad at the moment.
Like, yeah, there's's there's probably strength in ai
specific and computer hardware stuff like as you say micron and sandisk but that narrative might
kind of be done for now i don't think ai is done i think they're going to keep building it but like
you know each each little sector is only going to pump for so long. Right. And if you, if you get into it late, you're going to get wrecked.
And the other thing is like, I just think, I think the whole market is.
In a very dangerous position because you know, we have all prices creeping up and
geopolitical problems and you know, if, if we don't get a resolution to the
situation in the middle East, um,
then that's just going to crash the global economy and all of this stuff is
going to come down because it's all very like hyped.
It's very pumped.
It's very,
people are very excited about it,
right?
You don't want to buy when people are excited.
You want to sell,
right?
Or at least you want to like mostly have sold your position that you already
have.
Um, so i'm just
not excited like it all looks um i don't want to touch any of it um i probably want to go short on
probably bitcoin but maybe ethereum because it looks even worse um not sure about that one um
yeah it's just i just don't think it's a good time to be in the market right now.
Buy some puts on Daribit.
I could do, but generally, Daribit doesn't give you very good pricing on that stuff.
The spreads between the bid and the ask are quite big.
And Daribit tends to overprice
volatility right especially tail volatility just is very very expensive on dairy bit um i mean what
i was actually thinking of doing and i nearly did at around 97k was just shorting via polymarket
because polymarket will let you buy effectively puts, where you can just buy Bitcoin below 15k by the end of the year,
and that can give you some pretty good multiples.
Yeah, prediction markets are going to be in a bull market probably forever, man.
are going to be in a bull market probably forever, man.
I think casinos are hard down to the left,
and prediction markets are going to be up and to the right, man.
Evan, have you used Polymarket at all, man?
Yeah, I mean, I'm not like a freaking person betting on that type of stuff.
I mean, the main thing for polymarket is you could legally
you know it's a gray area and probably will be for the next few years i'm sure you guys know this
like you could legally do insider trading there if you have if you know what's going to happen
a lot of this stuff like it some of the stuff you know anybody involved with certain things would
have known um you know what was going to happen so they'll regulate it more man like i'd say bull
run for at least a few more years with those but they're going to happen. So they'll regulate it more, man. Like I'd say bull run for
at least a few more years with those, but they're going to get regulated. So I highly doubt you're
going to be able to bet on, you know, when there's going to be nuclear warfare or bet on when, you
know, China's going to invade Taiwan and all this type of stuff. I mean, it feels a little,
a little sketchy with that. So they'll definitely regulate it. But yeah, I think in terms of your
view of casinos being down to the left,
yeah,
probably that kind of goes with the times people like though,
the casino aspect a little bit because,
you know,
there's,
there's less suckers when you play poker on the internet.
Everybody knows that,
you know,
if you go play,
you know,
poker in an actual casino,
there's,
there's more human error that happens rather than,
you know,
on the internet.
So there's going to be always be that Vegas will will always have like that appeal so i think there's a
future for it but yeah i think you're right i think more of the future is going to be
kind of polymarket in this type of stuff um yeah it's a decent system
yeah and crypto has pumped fun when it comes to that, which I do think like pump fun will be back in the biggest way imaginable.
Should Solana start putting in weekly closes above 100 or specifically monthly closes above 100, 150, that thing is going to outperform, just as hype is right now.
It's just, Pomp is trying to find a bottom.
It's still trying to find a bottom.
Whether it's hype, and some other names are probably already bottomed.
I don't understand how hyperliquid would be at Ponzi, though.
They don't really have a stable coin attached to them.
They didn't really raise money.
I think the only thing that's ever happened to Hyperliquid that's been bad
is Binance tried liquidating one of their volts or
whatever. And CZ has spread some thought against Hyperliquid indirectly by saying he doesn't know
what Hyperliquid is. And just like kind of trying to flex on Jeff.
That's pretty much it.
They don't give out free token supply from Treasury. I think the only thing that Hyperliquid has would be their supply, their overhang supply from Unlocks.
Because their FDV is actually quite big, man.
Like their FD um is about 40 bill
and solana's fdv is about 50 and that's that is like the only thing that's kind of
concerning for me um but that supply is going to come out for a while
and it's kind of like celestia if you guys remember that celestia had like a 1 to 10 fdv
meaning it launched at like 100 mil circ and then one bill fdv and it still ran up like 20 X or whatever it was.
Cause that supply did not come out into the market until way later that year.
And I think the unlock schedule for hype,
you could generally see hype at like 80 bucks by,
by the end of the year,
even if BTC just goes to like 85K or something like that
in the short term,
you could see hyperliquid go into price discovery.
I gave that analogy a couple of shows ago
comparing it to BNB where you'll remember, Evan,
if you remember, dude,
after we bottomed in December of 2018, BNB bottomed at like four bucks.
And then within six months, it was trading at almost 40.
And that's because there literally was not anything to do in crypto outside of plain dead cap bounces.
Outside of playing dead cap bounces, but more specifically, there wasn't really anything to do outside of playing these initial exchange offerings, IEOs, where you would buy BNB and then send that BNB to an address after you signed up for that program.
You would buy some BNB and send it, and then you would receive
tokens in your account. And they had multiple IEOs. You remember, they had Matic,
they had Cody, they had FET, and those sales gave like 10x returns. So if you're seeing that happen week over week then of course I'm just
gonna buy BNB even if I can't participate in these IEOs and you look now there's not really
much to do in crypto a lot of the volatility is in TradFi and you actually have something
where you could benefit off of those flows and that's through
that's through hyper liquid and those markets are actually filled with a ton of volume
where you could play some size um and the proof is in the pudding. Been talking about it pretty much during every single show. Since Levenson was coming on, Evan, I was begging him to buy Hyperliquid. You were there, Evan. We were ranging between like $23, $22 all the way to $28. I'm like, bro, just get yourself like just a small amount of hype tokens. You'll be happy.
And if hype trades into the teens, just back up the truck.
And yeah, the proof is in the pudding.
And I do think at some point hype is also going to benefit when people just start launching things on their L1, like shiters and all that
stuff. I think Hype had a couple of tokens that went to hundreds of millions. And I do think that
is going to be returning into the market. I think one of the tokens that I actually like on Hyperliquid is KNTQ,
which is something that just benefits off of the hype narrative
with tokenized assets and TradFi and all that stuff coming on chain.
And it's not anything pegged to stable coin that's what i like about hype um it's one of the few like investable assets
within the altcoin space um eth has the stable coin narrative we had defy we had icos now it's kind of just dependent on stablecoin issuance that's the
narrative that eth has and through stablecoin issuance you can have people park money on
things like morfo uh which is another thing that i like and then ave um i don't really think people
use maker as much honestly i think it's just a handful of
whales, but that's something that ETH has. But it's like what Evan says, right? The biggest
benefactor that ETH is going to have is easy monetary policy. And when that takes into effect rates go down to two percent maybe you have a quarter
or two of some light qe at some point next year going into 2028 um should the s&p correct another
10 15 as it usually does every year then yeah eth goes to like 6,000, maybe 8,000. I'll be gracious and say 8,000.
And it's happy days.
Because when ETH does well, practically everything does well.
But if it's only Solana and one other coin, it's kind of like a mixed basket of assets that do well.
that do well.
And you get what we're seeing in the stock market,
which is just this massive rotation game.
And by the time most people that are terminally online
discover an asset, it's almost topped.
People didn't really care about oil
until it started bouncing after that first massive
correction and oil is not really like a stock oil is dependent on macro narratives and all that
stuff specifically things like war and um as we saw with the ukraine situation that rally only lasted a couple of months and the
meat of the meat of the move usually happens in the beginning with oil and it does nothing it
distributes gaps down and then has one more gap up um so yeah um evan or what are you gonna get some hype bro what else do you actually like man
by the way i think i'm actually that question yeah uh right now ethereum ethereum and hype
and a little bit of like xrp maybe slightly. But in terms of right now,
a lot of stuff doesn't look too attractive against ETH.
Like I think ETH will do better than Sol for now.
I mean, that could change.
I'm looking for momentum changes and stuff like that.
Same with XRP.
I do have a slight soft spot for XRP.
I mean, their conference is coming up in about a month.
Yeah, end of, if anybody's going to Bitcoin Vegas, XRP conference is right after that. So, I mean, that could is coming up in about a month. Yeah, end of, if anybody's going to Bitcoin Vegas,
XRP conferences right after that.
So, I mean, that could help a little bit.
Yeah, I mean, hype, I'm just chasing momentum, man.
I mean, I got a small position, nothing crazy.
I mean, once it loses momentum against Bitcoin,
I would, you know, convert to Bitcoin.
But we'll just try to, you know,
there's always a bull market somewhere
and some type of, you know, thing.
So try to write it up a little bit um i would say as i have been uh have been doing i
mean in terms of other altcoins right now i mean nothing looks too attractive man as i mean cardano
not really um solana versus bitcoin i like i mentioned i'd rather just buy eath but i i would
mess with eath the most. I
mean, in terms of like, if you're trying to get like a freaking, I mean, it depends on what your
goals are, but like, if you're somebody trying to go for like a, let's say 15 to 30 X, like,
you know, basically what MicroStrategy did last, you know, from the bottom and last bull market.
And that did better than obviously pretty much almost every all you know aside from maybe solana
last time around um i would look at like dmr you know that type of situation and kind of if you can
do that and you know you just got to be careful get the hell out of it if it makes the lower low
against bitcoin um because that invalidates a lot of things but i think you might be able to ride
that up for a few years i know people like to buy the actual you know all coins but um
right now probably just hype looks more attractive for an hype and eth obviously but bmnr i really
like um you know for potential you know like i said it couldn't be invalidated i'm just trying
to think if there's any other alts you know not really man nothing's nothing's that attractive
to me at the moment i mean maybe in six months a lot more things will be but i just gotta i gotta see man yeah um i remember like a few months after i
like after uh ftx why am i stuttering man i need to talk slower um i remember a few months after
ftx had bottomed out i started doing a ton of research on stuff that wasn't launched yet and might do good.
I fell into the Celestial Rabbit Hole.
A few other names as well.
But by the time those projects launched, they only trended for a few days.
And that was it.
Dimension, that was one
i was super bullish on that one man um but most of its upside move came within the first few days
of trading it launched at like four bucks just under four bucks and then it peaked at like 11
and change and that happened over the course of like
five or six days and that and that was just it but um i'm kind of just looking at tokens that
are out right now man and thinking like all right things that have launched over the last
18 months as far as fundamentals and i think options are going to be massive man um
because hyper liquid is perps and that's fine and dandy but what's the one thing that that drives
volume and equities it is the options market it's the greatest financial instrument right now and
financial instrument right now and you you have the s&p 500 they launched perp contracts on uh
on hyper liquid that is a gap up to like 50 bucks that is an easy swing to 50 and um
that's that's that's the freaking narrative man that's the narrative mark what's going on bro dímelo okay what's up what's up bro
hey i hope you've been making money on these shows bro i've been grinding man trying to find
some alpha bro like i'm not even fronting dude i had we had comments saying like oh you're sponsored
by hyper liquid that's how you talk about blah blah blah and it's like bro show me something else that's trending um and it's not just hype
it's sandisk it's it's micron um it was dude i had i had no idea what nibius even was bro ai guy
just mentioned it i'm like dude this thing looks like it wants to break out massively and it sounds And that's exactly what happened.
Bro, one of the most bizarre trades that I've made probably the most money in last week was I shorted the hell out of Pi.
And the reason I'm saying that, because the day that I actually closed out that trade, and I don't trade that much, Robbie, it was Pi Day.
Wait, you're talking about like Pi Network, the mining token?
Yeah, PI.
Like in 2018, you were able to mine like a ton of them?
Yeah, and they never got there.
Yeah, they still haven't gotten it.
That thing went nuts, and I shorted the hell out of thanks to my my friend that he's really good at trading but the funny thing is that i collected uh you
know i closed out the trade on pi day i had no idea that it was pi day you know like pi like
actual pi bro yeah like the yeah that's a pi day p-i-e i'm lie, dude. I had no idea there was like international women's day. I had no idea either. I literally did not know that it was international women's day, man.
I learned that like, uh, I want to say like 10 years ago. I mean, I'm 48. I went, uh,
from my wife, what are you going to give me for today? But yeah, like, yeah like what do you mean it's not valentine's day their birthday
they're gonna you're gonna drive you crazy man yeah but but listen wabi the thing i do have a
question for you that's the real reason i came up but i do want to say something about the market
man be careful you do not stay out of these top blue chips.
These, you know, top 20, top 30, whatever it is, these blue chip coins, they were beyond overbought in the bull market of 2021 due to, you know, in 20, due to the free money. You know, when people have free money, they tend to spend it faster.
We all heard the stories of people
when they win the lottery.
They go broke a few years later.
I truly believe that the bull...
We were going to have a bull market,
of course, in 2021,
but these coins,
even Bitcoin, I believe,
was overbought
by these free money
that we got from the government and the sba loans
and i truly believe now these these altcoins a lot of these altcoins are completely oversold and i'm
there's people waiting to position themselves by maybe looking if bitcoin goes down to 50k
so a lot of people are saying that back in march which i know these numbers back in march of uh
2022 bitcoin went up 46 percent went up from like 30 something k to like 40. they're expecting that
you know like even if it hits 80k to retrace heavily back i'll be careful with that just
because these assets were completely overbought in uh in 21 uh the end of
the bull run so we might not get a retrace like that or even a heavier pump during the spare
market so i just i'm just being careful not to stay out of my position on not buying these alts
like eve at 18 1900 2000 bucks you know but uh yeah i'll be covered with those prices man there's a lot of people expecting
eve to go down to a thousand dollars i don't know man i mean anything is possible but but then the
question i got wabi you know i i've bought hype and i'm holding hype it's not a huge uh position
but i'm happy with the position i have on high. When did you buy it? Did you buy it when I was begging Levinson?
My average is
like $27. It's
ridiculous. Smart man,
dude. Smart man. If I would have listened
to you, it would have been probably $10,
you know, but it is what it is.
But there's one thing, man, I gotta
and I've Googled this. I will not be wasting your
time, man, to ask you because I've Googled it.
And it just doesn't give me a clear answer like they i just noticed you know they're
true you could trade stocks now the sm uh p 500 which that's huge but why it that's like
the only like investable thing in crypto outside of bitcoin like flat out flat out like right about all because even eath
like i think naka is like the biggest eath ball he is literally the biggest eath ball
but he's a realist as well and vitalik anytime i start talking about certain things bro i have
pigeons outside my balcony bro i don't I do not think pigeons are real.
But anyways, man.
They're bots.
They are bots.
I think some of them actually are, bro.
This is unreal.
Or it might be CZ, man.
Anyways, bro.
Wavi, the question I have,
why isn't it regulated to be used in the U.S.?
Because I got some friends with money,
and they want to use it, but they just don't trust a vpn you know like i do why
is this platform not regulated i've read that it's because it does perps over 50x but then
after is regulated you could use it in the u.s with no issue why is it a hyperliquid regulated
in the u.s to be used i don't know i i
couldn't give a clear answer man outside of my own dubious speculation but my assumption is that
one they didn't really raise vc money i know it sounds dumb but you know when you have vc money
those vcs are oftentimes you know people that have connections to uh to uh government
bodies where if something goes wrong they can find them up the ass and they can make money
so they make money if it goes boom or it goes bust um whether now it's like, you know, if you go on Hyperliquid, you're taking your own risk.
And I would also say like you could play the fact that like I think Jeff is I think Jeff is either Chinese or Korean.
And I mean, the U.S. has had a history of like not liking Asian founders.
I mean, Biden hated CZ's guts, man.S. has had a history of like not liking Asian founders. I mean, Biden hated CZ's guts, man.
Yeah.
So that's also competition.
You know, like they want to beat Asia.
America has a history of wanting to beat Asia in a lot of things.
We saw that during the tech boom where after the Nikkei was peaking out,
America just came out the bat swinging.
And then even Post.com, you remember Xbox, bro.
Dude, Xbox is like, Microsoft was like,
nah, like, screw Asia.
We're going to come out with the greatest online console ever.
And to this day, there hasn't been an online community
like there was on the Xbox 360.
Bro, people think Fortnite is cool.
Dude, did you ever go on like Call of Duty Modern Warfare 2 servers or Halo 3 servers, dude?
Come on.
Or like when GTA 4 Online first started on Xbox xbox live dude that is real online gaming dude
that is a mega trend fortnite is an echo bubble they do not have those kick-ass voice lobbies
man they do not they do not like bro they think they think like ksi and xqc and all those other streamers are are are like entertaining when they play games
oh my gosh dude if streaming existed uh during the xbox 360 and like the early xbox one era
my gosh dude that would have been way more lit man um and as a matter of fact bro hey you remember the movie borat
yeah that that that started like the inspiration for streaming in my opinion
it's like this actual authentic streaming where like not that many people are aware and it just
gets a ton of hits if you had streaming back then and all the streaming in general,
dude,
the amount of money would,
would have been ridiculous compared to today's terms.
Cause of course a million dollars today isn't a million dollars what it was
back then.
So yeah,
I'm just thinking like if,
if, if hyper liquid will be regulated in the U.S., like the volume will be even beyond more insane.
I mean, the thing is already huge, you know?
Yeah, I understand where you're coming from.
I mean, at this point, I just don't really see that happening because like I think you can play perps now on on coinbase you can play perps on robin hood
um but i do think like i think the bear case not bear case but something that would just drive
hyperliquid price extremely down would be uh jeff and some of the other people from the foundation stepping down um they have some sort of exploit and then
america comes in and just puts their regulatory foot on it and then i don't know it gaps up by a
ton after that and yeah but i i just don't see how it's like saying what if uniswap was regulated
right right because if uniswap goes down oh my gosh bro eth would go to 400 bucks
like you know the amount of money you know the amount of money that is locked up on liquidity
pools on uniswap oh my goodness bro eth would go down to like 300 400 bucks um but that's like the
But that's like the ultimate doom scenario, man.
But I'm going to bring some people up, I guess.
If anyone wants to come up, by the way, if anyone that's actually able to listen to anyone here on the stage, feel free to come up.
Hit that request button.
Spaces have been acting up since yesterday.
Hopefully it's fixed by the end of the week, man, because we've been rocking and rolling on these spaces for
months and months and months on end. But if anyone's able to hear me or hear anybody on the
panel and you want to come up, talk some shop, give your thoughts on the market or ask any
questions to anyone here on the panel, just click the spaces tab. There's going to be a little
microphone button to the bottom left and I'll bring you up green cup what's up bro oh guys
first first off is the the godfather of streaming was tom green and the tom green show when he had
his when he had his own website and had people come to his house that was the first guy who pioneered it he never got really a lot of credit for it
two is i i think uh hype is the play probably going into uh this next run i think it's going
to grab a lot of market share for whatever whatever comes out but uh more of a risky
play is what do you think what do y'all guys think about canton network oh dude i remember that
one we were talking about that one uh like earlier this year late last year um and i'm like what the
fuck is this canton thing it just came out of nowhere started pumping launched that billions
but basically it's essentially what ando wanted to do but it's actually real with rwas um
but the thing with rwas is like crypto people crypto native
people don't really give a about that because a real world asset for crypto natives is cash
and in a full blown on bull market um you know everyone has frivolous money to spend and all
that stuff they would they're just gonna buy hype and pump. And I think something like Canton maybe would just be dependent on some
TradFi flows.
I know some TradFi people were buying Ando back when Ando was a thing.
So I don't think it's risky.
It has a few bill and market cap during this environment.
But, I mean, take a look at what happened to Mantra DAO, OM.
Out of that bottom that Bitcoin had in April of last year, this thing rugged by like 90%.
So I know Mantra dealt with RWAs as well.
So that's why it's like, I'm not even sure if RWAs are going to be that big of a thing at
least for like crypto people and if they are it probably would probably be like more smaller
plays here and here and there um I remember checks on soul was a thing for rwas um i'm probably missing a few others man uh but what do you think
about cancer network green cup like you specifically like canson told me man i think uh i'm not a
hundred percent sure i'm still trying to get on wait lists for like wallets and shit diving in
diving into trying to dive into the ecosystem to get a little bit more but tech to be honest bro
that whole chain's not really going to be for retail at all it's all just going to be for
institutions like period so like i don't really know how this is that it's going to play out but
they have a lot of fucking backing oh i'm sorry for custom but they have a lot of backing
there's a lot of money being thrown there i think even Cathie Woods has it in one of her ETFs already.
A very small percentage.
I think they already got the green light from a couple big organizations.
And now I think Moody picked them up for credit rating yesterday.
So there's stuff going on there.
I just don't know if it's of a good importance with the size of the market cap for one, how much is diluted already in token allocation that's out.
And if it's even worthwhile to take a run at 15, you know, from like 11 to 15 cents.
And that's what I want to try to figure out going into this next year.
trying to figure out going into this next year because um institutions came in you know to me
they came in pretty heavy this cycle and i think next cycle is that's where the next real play is
they don't really give a shit about retail um and that's that's that's where i stand on that
so institutional privacy and moving money is my thing is that's going to be where the next big
big hitters are going to be other than like going into like playing perps so i mean a hyper liquid
or any of the smaller ones mri finance or lighter faster right i think that's a great play and then
i don't know what's going to happen with the people on like what the memers the meme coin
section going into next year.
That's that's still up in the air. I think a lot of people's a lot of people got wrecked.
They're a little bit too hard and I think they're going to look for other avenues.
So we're going to see. Right. But I'm trying to like play my cards right going into next year right start my dcas now and get ready for for uh what happens going into 20 27 28 and
29. and that's what i'm kind of playing yeah yeah i i knew they were somewhat like basically like
trad fi they're like ondo on steroids basically and i do agree with you like on the meme coin
spaceman and that's what that's why i think we're seeing the flows that we're seeing on hyperliquid and um by the way like the
the product I mentioned kinetic that that's what powers um the uh the perpetuals futures on hyper
liquid like Nvidia Apple gold oil stuff like that via the the H hip3 thing on hyperliquid so it's like
you only have a handful of actual investable assets with good narratives and i don't know
man maybe canton ends up being that thing right if they actually do have kathy wood and a few of
a few other prominent names because i think all ondo had was like a was a few basic hedge fund types that aren't really known talk about it.
And that one thing that Fink was talking about, Larry Finkelstein, talking about Securitize, that happened on Sol.
And the only RWAs that happened on Sol was checks.
happened on Seoul was checks. But I will say like during this period of the market, like you
people should start looking at fundamentals to play once the broader market goes into
higher timeframe uptrend. And by that, I mean like, all right, Bitcoin above Bitcoin, ETH,
those two, or maybe just start off with BTC, right? BTC above the yearly open, the 2026 yearly open.
And then you can firmly say, all right, we're so back.
We're back better than ever.
And then you probably go into these fundamental plays, right?
But by the time that happens, man, like hype is probably in price discovery.
Maybe Canton is as well.
I definitely haven't seen Canton on my timeline, honestly. happens man like hype is probably in price discovery maybe canton is as well i definitely
haven't seen canton on my timeline honestly i really just saw it just being on coin gecko which
i think there is alpha just scrolling through coin gecko at times instead of deck screener because
when you go on deck screener the first thing you see is a bunch of green and you're like, whoa, things are doing so good.
And then you check the market cap and it's like 200K, 400K market cap.
And I'm like, bro, this is literally millions of dollars collectively that could be pouring into Bitcoin or ETH or Sol or Hype.
could be porn into bitcoin or eth or soul or hype there's a lot of like fugazi money out there man
um which is why i would say like you actually do need some some tradify money and tradify money
that's unsophisticated right people that bought sandisk people that bought micron people that
that have been buying the hood you need those people to bridge on over to
crypto because at this point i think everyone already knows what crypto is they know about
bitcoin they know about soul they know about eth um but they don't really know like the broader
market right um so you would need some try to find money in, in, in, in my opinion, Evan, what are
you saying, bro?
What do you think about that?
Um, I mean, yeah, I mean, it's good to keep an eye on all that.
I mean, it really, it really depends, man.
I mean, I just kind of play what's kind of given to me, but, um, yeah, I mean, back to
your comments, you know ethan i was
just thinking about the uniswap thing and the uniswap is not you know done much in like so long
um so yeah it's been i mean yeah a lot of good points there you know it's not it's not something
i dabble into yeah these small market caps it's definitely not something i really dabble into that
closely i mean maybe i'm missing out with it but i don't know i guess it's just like there's just so many
new things over the years and as you become a freaking unk like me you know you just get
you're too you're too like i'm too too old now for you know all this kind of new stuff but
yeah i mean definitely you know definitely a lot of opportunities if you can play the cards, right. I mean, not really my thing, you know, I'm just
happy with, you know, the way I'm kind of playing it out, you know, for the long term, getting more
of like, you know, hopefully a 1020 X with, you know, some nice plays with BMNR, micro strategy,
some, you know, stuff like that. And then, um, I mean, my version of that, man, is probably more
the thing that gets obviously a lot of hate too, which is more of the leverage trading, you know, scalp trading, day trading, swing trades, you know, that type of stuff.
I mean, you got to pick your poison.
There's different, you know, interests with it.
So not really my thing.
But if you know what the hell you're doing, then, yeah, I mean, 100%.
I mean, yeah, I know you mentioned earlier about pumped up fun, you know, some of that potentially coming back.
I mean, maybe, man, maybe.
I mean, I'll be honest.
I kind of get like sick of the meme coin stuff a bit.
It's just like it's too repetitive to me and just too, too casino-esque with I feel like I don't know.
Like my this is like because I just I'm just not into it because like I just rather go to a casino and put my money on black.
You know what I mean?
Or Martingale, some strategy like that.
And you can't really Martingale as much with these type of things.
So, yeah, that's my view.
But, I mean, you know what you're talking about when it comes to that stuff.
I try, man.
I genuinely try.
But I'll be honest bro i i really don't scroll through crypto twitter as much because it's i don't know if it's just my algorithm bro but it's like
a lot of the prominent posters are just talking about oil and i'm like why are you talking about
oil dude if you're so bullish on you were so bullish on AI earlier this year when OpenClaw first released.
Why aren't you like looking for the chain link of AI?
Why aren't you looking for like, remember Render, dude?
Why aren't you looking for the Render in Shradify?
That stuff is real.
Like you have something that has a perpetual bid because ai is now national
security and people in crypto think oh dude you know a a 30 bill or 100 bill market cap stock
is way too much there is no way that i am going to buy into this thing well i mean let me let me just share with with uh
with the audience here man nvidia nvidia bottomed out of course i'm just going to talk about like
stock split right so stock split nvidia has had multiple stock splits well from um September of 22 right when Nvidia bottomed out at 12 right um about about a year and a half
later this thing does an over thousand percent gain that's insane dude that is insane and what
did Bitcoin do during that time it pumps from 15 to 75k you're talking about like outperformance by a multiple of like two
that's that is insane and again you're talking about nvidia adding hundreds of billions of
dollars into its market cap in just over a year i'm sorry but i think people really
underestimate the the amount of money that's in tradify um and when you make these plays in crypto
there's a reason why like i've been talking about equities more so than ever over the last like two
years i would say that's really when i started just hitting the hammer home with uh with the
equity markets i would say um you need to be bridging into things that you that you
believe in over the long term and for me it's things like hood i think when you look at something
like an nvidia um i think that next like trillion dollar play is probably something like like a hood
or if sandisk starts doing like stock splits then that's probably something like a sandisk as well
because they they deal with with uh with memory and storage and that's insanely important like
they their their customers are are ai facilitators like they they are true nvidia beta um
true nvidia beta um maybe intel if you want like a catch-up play or something like that but intel
um i don't know man i think there's just a lot of there's a lot of supply for intel man
um if you want to talk like inflation adjusted oh boy man um intel has not hit an all-time high since July of 2000, man.
Yeah, it is.
Yeah, they've been getting their ass kicked, though, by market share when AMD 3 came out and Ryzen started.
Yeah, that processor kicked ass.
You've got to admit, man, if you're in crypto like you need to be enthusiastic about tech um you have this shit has to excite you like all right
cool like you won't be able to buy eth for some time just playing stocks playing shit that
benefits off of the ai narrative and when that stuff is like gassing out and you see defy start to come back,
then just get some ETH, man.
Just get some ETH after that.
But just for now, dude, like if you play some shitter on chain,
rotate that thing into tech or majors.
That's, that's, that's some stuff that I've been doing really.
And it's not really an environment where it's like,
oh, I found some on-chain shitter.
Let me tweet about it.
I don't know.
It's like the vibes just still feel a bit different.
Wabi, if someone is looking,
I know the Hyperliquid is awesome.
I know you love Hyperliquid.
I got friends of mine
but if you look into you want a 5x 10x your money in the next few years man hood is just the play
that's what i'm talking about bro that's what i'm talking about you don't even need to go to crypto
exactly hood is the play man for me hood was the play uh a few years ago during the bear market at nine eight dollars yeah you know
so yes but you know it's crazy mark is like a lot of people like in real life right because we live
in a bubble i think crypto twitter is is a bubble um not a bubble like a bubble that's going to pop it. It's a bubble. I'm gonna send Zach an invite to speak. It's a bubble as far as like social environment, right? Where the conversations that you have here on spaces, and just on the timeline, aren't things that you could speak about on a day to day basis.
basis right like you understand most people don't actually know what robin hood is and that you can
actually benefit off of government spending um with ai national security and all that stuff
because if you're bullish on ai right and you don't want to buy nvidia you don't want to buy
sandisk you don't want to buy these massiveIA. You don't want to buy Sandisk. You don't want to buy these massive valuations.
Then you buy the supplier of where that volume is coming from, which is Robinhood.
And all Robinhood does is they route orders, bro.
That's what Robinhood does.
Robinhood is basically Uniswap.
And all Uniswap does is they route orders off liquidity pools.
That is all they do, man.
That is your thesis.
If you are bullish on equity markets if
you're bullish on flows then the facilitator for retail right the the drug supplier is vlad right
the founder and ceo of uh of robin hood i know we're talking about fundamentals here but i mean
that's basically the thesis for robin hood if you're bullish on retail
coming into the market with size um and retail does have size by the way like take a look at what
pepe did mog all that stuff people say oh we didn't have a bull market bro you remember myro
myro on soul the the doggy from anatoly from solana that thing went to half a billion dollars
in market cap bro in like a couple of weeks rememberana, that thing went to half a billion dollars in market cap, bro.
And like a couple of weeks, remember Mudang? Mudang went to billions. Remember, uh, Pina,
go AI 16 Z virtuals, AI XBT, Zarebro. You're talking about things that traded 800 mil,
900 mil, billions of dollars in market cap where people were buying in size selling in size um and then of course
trump coin right so for those that say alt season didn't happen i'm sorry but like you just were not
active you were not active um there will probably never be a coinbase cycle again where you just buy
a coinbase uh token like a new token and make a ton of money off of that.
You need to be doing more, man.
You actually need to integrate within a community and all that stuff, which is what I've been trying to do here on these spaces over the last few years.
And really try to provide you guys with alpha, even in a market that hasn't really given much opportunity as far as breadth goes.
So far in Q1 this year, we've given oil, hyperliquid, SanDisk, Micron, Nibius recently.
And I mean, yesterday we were talking about the possibility of getting some Tau. If it offers a pullback, I would say like if Tau pulls back to like 240 or like 220 or something like that,
probably get yourself some BitTensor.
That would be a nice play.
As subnets, like they're starting to catch some traction by some people in Anthropic
and some of these other big AI companies.
And it could honestly be something, man.
But at the same time,
if I'm just bullish on AI,
why wouldn't I just get some virtual?
That's probably my favorite AI ticker.
For one, the market actually does go
into a higher timeframe uptrend,
which we still need a lot of work to do, man.
As long as Bitcoin is trading below the 1010 wick,
which is at like 101K,
I just don't really think there's going to be much enthusiasm on the timeline.
So that's why I like it during this time.
It's probably good to do some research.
But anyways, I think it's a great time to wrap up, guys.
Evan, Mars, anyone else, if you guys have anything else to say,
feel free to yap about it.
Otherwise, I think it's a nice time to wrap up
we've been going for almost two hours yeah yeah man i think that i posted about this i think that
buying bitcoin under 70k is free money just like it was under 40k back in 22 uh you know don't try
to time the market buy as much as you can man And keep it on a cold storage wallet, not on a fucking exchange, man.
Yeah.
I mean, there are a lot of people now, man, that like they're probably just going to buy IBIT or MSTR.
And I don't blame them.
I don't blame them, dude.
I do not blame them. I don't blame them, dude. I do not blame them. I think we are the last crypto generation that actually cares about wallet security, man.
I think the common person would rather just hold some IBIT, MSCR, get some some coin stock these crypto proxies um
that's because people are lazy bro it's it's all human laziness and that is where you find
efficiency in an inefficient market you um find gaps with that right so if people are too bridge too too lazy uh not too busy but too lazy
to bridge over to trad fi they're gonna go on hyper liquid um and that's that's that's another
thesis if people are too lazy to go to the to the casino they're gonna go on pump fun so there's
always an asymmetric bet with with this with that's I love food, Robbie. That's why I love food.
That's right.
It's so easy, man.
As well, yeah.
Click of a button, man.
You sign up in five minutes.
But anyways, guys, I'm going to go ahead and wrap up today's show.
But if you've been enjoying the stream, if you guys have been enjoying the show for over the last two hours, my name is Robbie.
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