Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Market Talk- HUGE market crash!! Is it over!? Time to buy the dip!?
Recorded: Jan. 20, 2026 Duration: 2:04:12Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the current volatility in markets, with the S&P and Nikkei showing declines, while also highlighting the potential for Bitcoin to reach $150,000 by year-end. Despite recent project failures and market uncertainty, optimism remains for future growth opportunities in the crypto space, driven by institutional interest and macroeconomic factors.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. youん
んん Oh Oh Yeah! Yeah! Yeah! Yeah! Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah! Yeah! Yeah! Yeah! Yeah! Oh, my God. Keep it going! Thank you! Ah!
Come on!
Ah! Yeah! Yeah!
Oh, yeah!
We love you!
Oh, yeah!
Oh, yeah!
Oh, yeah!
Oh, yeah!
Oh, yeah!
Oh, yeah!
Oh, yeah!
Oh, yeah! Oh, yeah! Oh Hey! I'm gonna run through my veins and I'm sick! Please!
Kiki!
I'm gonna get this!
I'm gonna get this!
I'm gonna get this!
I'm gonna get this!
I'm gonna get this!
I'm gonna get this! I'm gonna get this!んています
ています
ています
ああああああ Thank you. I Yo, what's going on everyone? Evan, what's going on, everyone?
Evan, what's up?
Prometheus sent you an invite to speak.
Guys, I hope you all had a fantastic long weekend.
I know I did.
Got some training done.
My rotator cuff feels a lot better.
And, man, these markets are off to such a volatile year.
I tell you what.
We ripped right off the yearly open.
And now we're starting to see an experience to the downside.
The S&P down 2%.
You also have the Nikkei down a bit.
The IWM down a hair.
And that was after a massive weekly close ladies and gents the highest
weekly close ever we've seen across all markets and uh we had some tariff scares today the truth
be told man i could be wrong when i say this but i think it's a fugazi i think this is a bear trap
and uh as far as crypto land my goodness, what happened to the trenches to Taunchain over the last 72 hours?
It's kind of abysmal, man.
Really sad to see.
You had multiple projects just absolutely rugged.
My gosh, man, that was insane.
You had Gastown absolutely rugged. That was insane. He had a gas down. Absolutely rug.
It's still at 60 mil, it's still at 65 mil,
but regardless of the fact,
this dev just decided to kill the project.
He's like, I don't want anything to do with crypto.
I'm just going to continue to do my own thing.
And I think there was this other project that rugged as well.
I do think the tomato coin is
still running though like it's just all the other that came after it just decided to absolutely nuke
he also had some flood with white whale happen as well i think one of the largest holders just
started to omega dump and that caused a domino effect so we're seeing the first massive pullback in on-chain for the first time and in
a why i would say probably since like probably since like november or like late november early
december when btc pulled back uh to 80k after we tested 93 92 for the first time um after we just
um after we just omega dumped from call it 115 116k in October and then we started grinding down
we hit 92 for a small bounce and then ultimately bottomed out at about 80k so we're approaching the
yearly open for BTC that's kind of a level that I'm looking at. Honestly, I'm not sure what to think of the market
if we put in a weekly close below the yearly open.
We also have XMR pulling back quite a bit.
I know Naka was on here about a week and a half ago,
I believe, talking about the prospect of buying the token.
No, that was four days ago, bro.
No, no, no, no.
Naka was here not not last friday but
the friday before he was asking um whether we should uh buy monero or not it was trading at
like 480 bucks 490 bucks and uh i think he actually bought some like in the mid 500s or
something like that so he bought a few days after he first brought it to our attention
uh he's gonna be here a bit later same thing with some of our other speakers we're gonna have some of
the uh speakers that you guys usually see here on market talk probably in the next like 30 45 minutes
this is just more of an intro and all that good stuff guys but uh yeah i i understand some people are now calling a fluke on uh on the
trump pump when he came out and said that this is the start of the new trump economic boom i'm going
to remain optimistic um i think there's still going to be opportunities on chain and we saw
opportunities on chain happen while the market was still in a downward trajectory, at least in crypto, from March to April of last year.
And I'm just not going to fall for the doom and gloom.
That's just me, to be honest.
We also have some updates from PumpFun and Bonk as well that are kind of worrisome to be honest but
regardless of all this crap i'm gonna i'm just gonna remain optimistic man i'm just gonna remain
optimistic and still try to be active but um that's kind of the start of the week man after
a long weekend there's there's a there's a little dumper rooney. And right as we started to slide, there was some, like, project called Trove or whatever that nuked a bunch of people.
And, yeah, I think all those people are under investigation, which it seems that whenever the market starts to catch some actual breadth and you start to have a bunch of runners the scam starts to appear
out of nowhere right these like pump and dump starts up here and i think that's kind of why
man like almost everyone now that's on chain um they don't necessarily have these believe targets
that used to be like that used to be in everyone's chest in 2024
2023 where you'd buy something and people would actually hold it to like 100 mil plus 200 mil plus
300 400 mil plus and now it's like everyone's kind of cautious holding above 20 million right
you start to have all the comparisons all the fractals when a project crosses
10 mil oh look at the look at the price action of this new token it's similar to this token that was
alive two years ago and it just seems like a bunch of hopium honestly it's like crack dealing hopium
and tickers like that they tend to they tend to die out but um
i mean we'll see we'll see man we'll see i think it's just a matter of patience and ignoring like
some of these lower time frame shit price action honestly and uh i got prometheus up here got evan
up here and like i said we're gonna have knock up here and a few others that have usually been a
part of our shows for a minute space to record as always and i want to welcome you all
back to market talk brought to you by bb i'm your host wabi and we're going to talk about um i guess
the madness that we're seeing right now on chain is really on a massive pullback right now and um
now it's just a matter of like, do you back up the truck on things
that you believe in, right? Do you think things like 6.7Coin are going to repeat the same trajectory
that things like Retardio or Moomoo the Bull pulled off in 2024? Do you think AI projects
like Surge and Soul Tomato are going to do well? Do you think hyper liquid is a good buy here over the next like year or two?
And are you willing to ignore some of these lower timeframe?
There's only this lower timeframe price action by that.
I mean, like, I, I, I think lower timeframe for price action would be a couple of weeks
because weeks in crypto land is months in equity land and um i mean it's kind of like
if you bought hyperliquid at 15 bucks last year around this time
ultimately yeah you took a short-term 50 haircut but within six months you were up a ton and i think
six months you were up a ton and i think people in crypto obsess over buying the bottom or even
worse like when the technicals um look good to buy and honestly i i remember during every major
inflection point in this market these inflection points when the bottom was in technicals didn't
really look the best they didn't look good at best. They didn't look good at 15K.
They didn't look good at 19K in March of 2023. They didn't look good at 24K in August of 2023.
They didn't look good at 38K in January of 2024. They didn't look good in April of 2025, and they didn't look good at ADK in late November of last year.
So during every major inflection point, it doesn't look good on a technical perspective.
And that's usually a good time where it's like, all right, if everyone's destroyed, if things are shot to bits, you might as well do a little something, right? Whether it's a DCA to your favorite project
or take a chance at a new ticker that just came out and is on a big dip and you might want to
get some, right? Those are just kind of my thoughts, man. Usually you'll know how Q1 is going to be typically within the first week of February.
First week, second week of February.
And the way Q1 ends is typically how Q4 is going to end.
So that's the only caveat to that, honestly.
Tariff news, again again as i stated and i think we have fomc coming up and uh
the fed isn't projected to do um any rate cuts and i know evan was uh has been up here over the last
few shows discussing how the last time that the fed did any sort of pause for the cuts, the market tended to pull back a bit.
We saw that last year in Q1.
And here we are kind of in the same situation, likely a pause to these cuts and also back to tariffs.
And this whole debacle with Greenland, honestly, I'm ignoring it.
I think it's just a bunch of noise, some NATO news as well.
And all it takes is one post from Trump on Truth Social to print a green candle on these markets, which that's just the regime that we're in right now.
All it takes is one post and we're back in business and for me personally man I think it's it's fully
risk on back when well not back excuse I'm using the poor choice of words here
but when the cues go into price discovery It's like the only index that has not gone into price discovery over the last few months.
And indexes that actually matter.
Qs topped out in October.
And since then, you've had the IWM in price discovery, S&P, the Nikkei, the Eurostoxx,
all in price discovery.
And it's kind of the last piece in the puzzle and usually after the
queues rally a couple of percentage points from its previous all-time high you usually see a
massive god candle from btc and really most majors in crypto so that's kind of where we're at that's
how we're starting off uh the week here got prometheus and evan but guys before we officially
get started if you guys can go ahead and show some love to the stream show some love to the space
best way to do that guys is by clicking the spaces tab once you guys do that once you click the tab
at the bottom above our profile pictures you'll see a nice link that says x.com slash i slash
spaces you guys can go ahead and hit up the like
button hit up the repost button just smash it with gusto if you want to see price action go in your
favor hit up the like button hit up the repost button if you're bearish hit the like button
if you're bullish hit the like button same thing with the repost does a number of things guys as
always you guys already know what i'm about to say. Helps bring the show more onto the algorithm.
Helps bring more eyes to the brand and all that good stuff.
So we're going to go ahead and cook for you guys.
And like I said, we're going to have a few of our other speakers join during the second half of the show, as we always do.
But I'm not sure who wants to go first.
Maybe Prometheus, if you want to go ahead and go first.
I understand that during the last spaces you didn't really have uh much time to talk man so i guess i'll uh pass it on over to
you man what are your thoughts starting off the week here btc coming close to the yearly open
um i mean i guess go ahead and and give us your your your most your most bearish take man just
hammer it hammer it all what's good guys go ahead man who's being
taken out to the woodshed and uh are people getting too far ahead of their skis uh some
might say some might say they are i um yeah bro i mean one i appreciate you tossing it over my way
i don't mind in spaces sometimes just kind of sitting back and letting
the action unfold and kind of the you know the conversation just letting it kind of run askew
uh it's definitely there's moments where it's good to kind of just sit back and enjoy some of
the characters that come up on the show obviously there's a lot of big personalities and sometimes
when certain big personalities meet other big personalities, it's kind of like, um, it's like sandpaper rubbing, rubbing up against itself. Almost,
you know, you're, you're bound to create fire. So with that being said, bro, thanks for passing
it over to me. My takes on the market. I mean, one, we're talking about woodshed and skis
bowls have been completely ravaged ever since Sunday futures except ever since futures open on
Sunday excuse me I've had the line in the sand and it's been the same line in the sand we touched on
that line in the sand uh this morning in the discord call and I had told everybody that
you know the flush we saw on futures open on Sunday, did we want to see that
as a bowl? No, it wasn't ideal, but you had still been hovering above 92 K roughly. Uh,
and we kind of took out some of the liquidity that, you know, got a little bit excited,
but you just then rolled right over. And as a bull, you did not want to see
that. We accepted now back within the range. This then leads me to believe that this was a deviation.
And the thing is, is like, I don't want to be, it's me versus anybody else, or it's like,
should be bulls versus bears. It should just be a subjective conversation, um, across the board
or not subjective, excuse me, objective conversation across the board when it comes to either PA, fundamentals, you know, whatever it may be.
And the thing is, is what I'm seeing a lot on, you know, the timeline from people is that they are still in, you know, the camp that we are bullish, you know, that they are bullish leaning.
still in the camp that they are bullish leaning. And if we had this price action, but if you just
flipped it on its head and if where we look to be breaking back down and you accept it back up
within the range, everybody would be screaming it was a deviation of the lows and we're heading
higher. So why is it not a deviation of the highs? And we're, you know, why are, what are people not seeing there? You know, that's kind of my question. Uh, first off and second, what we saw from all coins over
the past, you know, three, four weeks has been very telling, right? There's a lot of complacent
shorts within the market. I came on here and I said that you're probably going to be seeing
a lot of these complacent shorts get taken out to the woodshed. They got taken out to the woodshed.
Then the question became right after that was, okay, are we actually going to be seeing organic
demand within these markets and see real liquidity come back into the market? Because a short squeeze
and a short squeeze, squeeze rally, excuse me, does not mean that meaningful liquidity is coming
back into the markets or does not necessarily mean that there's any meaningful liquidity there in the first place, right? It's just a mechanical
bounce. And so, like I said, the question then became, is there organic demand within this
market? We have to see it. And I think the answer was, I think the question was answered quite
clearly over this past week. I mean, you look at White Whale, like my goodness, you look at Gastown. I mean, these tickers just literally imploded. People are desperate to capture any gains. You
saw kind of the whole thanks for playing meme play out with some of these new on-chain tickers,
and there has been no runners. I kind of laughed at it with you last week, Wabi,
and we've gotten to the point that we're so complacent with on-chain runners that
people are happy for 40 mil market cap ceilings at this point. What are we talking about? If we
were saying that we would have been happy with 40 mil market cap ceilings in 2024, we would have
laughed. We would have been like, dude, that's a bear market, right? And I think that that trend just continues to play out.
I'm really bullish on, I'm continuing to be bullish on equities, or not equities,
I'm continuing to be bullish on commodities, excuse me, more specifically, oil, natural gas,
and copper. I think that those are going to continue to do fantastic, or at least provide
a defensive position to a lot of the traditional portfolios that people may have.
Because obviously, if you're loosing into these spaces, you probably like to take risks.
And some of those big risks are probably crypto-related high beta stuff.
So having some form of defensive allocation, in my opinion, is not the worst idea going into 2026.
Big, big, big move on volatility today, man. And the Greenland talk, in my opinion,
too, is just complete nonsense and complete garbage. People are like, oh, we're going to
invade Greenland and yada, yada, yada, yada. I mean, Trump's just going to buy that MF-er.
You know what I mean? I don't really care about that, but if I look at the structure of volatility
and I mean, Europe too, is just painted in a corner.
Like Europe can do nothing.
I mean, let's be real.
They are on their knees and at the mercy of the United States at this point.
Um, but with that being said, I, I just am like looking at the VIX and the structure
of the volatility and the move that we saw today.
And I said, you know, to the discord, I said, you get above the point of inflection, the kind of close that we saw from the BOJ announcement that set the low at 84K.
If you get back above that specific point on the VIX and on volatility from a structural perspective, that is big because we are in a high time frame uptrend on volatility and it looks like
if that was a shit coin chart for everybody here who trades if that was a shit coin chart and you
saw that higher low structure you would be maxed along that thing like there would be no question
about it right um so what makes it any different right it's it's the same kind of concept that i'm
trying to put into everybody's mind that i put into, that I mentioned earlier was if we deviated the lows and we accepted back up within the range, everybody would be
calling it a deviation and we're going higher, but we just deviated the highs and we accepted back in
the range and nobody's calling for lower. Like what's the difference? Right. So context is key
one. And then two, I look at, you know, some of these other names, i.e. Mag7, the indices. I look at Palantir.
I look at Robinhood. The market leaders, names that have done tremendously, tremendously well
for people that had them within their portfolios and arguably probably carried the majority of
the portfolios over the past 12 months are now showing serious signs of weakness. I mean, you're seeing names, like I said,
Palantir, it's arguably extremely overvalued. I mean, PE of like what, 500 ridiculous.
But then you have like Robinhood, you have some of the other names that are quote unquote,
you know, more baked into the system at this point that should have structural flows are
starting to show real signs of weakness. Big, big, big, big red flag, in my opinion, like cannot be ignored.
Somebody called me like a flip flopper. It's called being a trader. You got to be fluid within
the market. You know, I'm not here to just stick on one side of the market and just, you know,
think it's all sunshine and rainbows and just completely ignore what, you know, my experience of staring at
these charts for, you know, the past four to five years have told me, right? I'm going to pay
attention to my own intuition. And if my own intuition tells me that I should be in and out
of a position, whether it's long or short, five different times before I catch the training move,
I will do so. I don't give a shit. Some of the best traders in the world, Paul Tudor Jones, for instance, go study his documentary. That man
was literally in and out of positions. And he even said it. He was like, I would be in and out
of positions three, four times before I catch the meat of the move. Right. Uh, sometimes you have to
be fluid within these markets. You have to have conviction, um, strong conviction. That's loosely held. It's just a piece of the
pie. It's the name of the game. Um, I am super, super, like I had this feeling over the weekend
and I texted Tommy about it and I was just like, dude, this market, just like, not even this
market, like something in the world just feels so wrong. Like, and I don't want to be a pessimist.
I don't want to be like this narcissist, you know, like everything's going to blow up like
doomer pill garbage, you know, all that garbage. It was just kind of more so one of those feelings
where it's like, dude, something just doesn't feel good, uh, within, within kind of like the
overall perspective, um, of, of like the backdrop of everything, right? And so it's just kind of one
of those feelings I had. We'll see if something comes to fruition. If not, I mean, I don't have
some big overarching thesis that's like spanning 15 different macro news events and I'm going to
guess the implosion of Japan and yada, yada, yada. No, it's just like I just have one of those
feelings of the weekend, man. I'm like, like dude this just does something feels weird and off and not only that i was thinking
about people in regards to trump and people are like oh they can't let trump can't let crypto
collapse right and i'm like guys you missed the plot if if he wanting to be if he wanted to if
this admin had wanting wanted to do something with crypto, they would have done it at this point, right?
They would have done it at this point.
Clearly, at this point, there are higher powers that be that are not wanting the progression of crypto, whether that's blockchain technology, yada, yada, yada, to move forward at this current juncture in time.
And I think it will happen. I
think it's just going to take time. And as of right now, I don't think Trump has to do anything
with crypto. I think he did what he needed to do with that. He got the votes that he needed to get.
He showed the interest that he needed to show. Was it the first thing on his
laundry list of things that he needed to do? No. Um, so he did what was kind of necessary and now,
now he's moving on. Right. Um, you know, there, there was clear pushback from Brian Armstrong
in, in regards to the act that that was trying to pass. The big banks having their
sticky fingers all over it, yada, yada, yada. I don't think that crypto gets the relief from
the admin at this point because we haven't gotten it. If there was something to be done,
it would have been done at this point. Let's be real. So with that being said, that's kind of
what I got in the markets. that's my thoughts if you guys
have any questions i would love to to kind of bounce ideas off each other hey let's bring that
over to josh man josh what are your thoughts on this whole uh clarity act thing i think it got
pushed back as prometheus had stated and this whole stitch with uh with greenland i think spaces are
giving you issues aren't they because
I saw like you dropped off and came back on again how are you man thanks for on yeah doing good
man yeah it works now I don't it was like weird like I accepted it and it dropped the space and
then brought but just you know how Twitter is to be giving you you know aneurysms half the time
yeah man I'm really starting to believe that you know know, the new show, Heated Rivals, is actually a representation of our current state of politics.
And, dude, Trump and Putin just need to fuck already, dude.
I think that's where we're at.
I think we just need to kiss and make up at this point and just reset the timeline.
I think we're all, you guys have probably seen the memes about COD.
I think we're now in COD ghost in terms of timelines.
ghost in terms of timelines. So, you know, we're progressing faster, which is good. But I mean,
So, you know, we're progressing faster, which is good.
jokes aside, dude, it's it's right now this market is literally just thirsty for liquidity.
It's a Sahara desert out there for any high risk environment. And when you're looking at
your liquidity, I came in right at the end of Prometheus's statement, but it's perfectly
displayed in what you're watching in terms of the drains and like white whale and
all these different communities is people are desperate for any sort of value or not even value
but profit and so right now when i'm looking at greenland i'd have to agree with prometheus
we're not going to invade it's like that's ridiculous what there's not even an invasion
to be had they have fucking two dog sleds there with like three dudes from nato's that are just
sitting with some knee pads and some you know know, I doubt that you have even real bullets
or probably rubber bullets. So like in terms of an invasion, I would have to say you're right on
the head of that. They're just going to purchase it, especially when they're offering to purchase
it for more than the entire GDP of Denmark. There's not a single, I honestly don't know who's
against that. It is just a territory.
It's not like Greenland is self-sovereign.
They're owned by Denmark.
So for anybody out there that are like, oh, it's like different against, you know, sovereignty
and issues of countries and identity.
It's like, okay, well, identity politics don't work.
That's why it never worked.
And at the end of the day, it's just going to become a U.S. territory.
There's nothing you can do about it.
It's the same thing with Madero.
He took out Madero. Madero wasn't like an oil play.
That was part of it, of course. But the bigger concern there, which has been met with Lutnik
and everybody is like, and Marco Rubio is, they did not want Russia or China to have a military
base. And now they're in Davos with Howard Lutnik, literally telling every single foreign leader,
yeah, it's America first, bitches. And if you don't get on this train, we're going to come after you and you're going to get wrecked. And so, you know, I would
say the only thing I'd be worried about in the near term, and I think we're already almost
through it, is going to be just the threats of more tariffs. That is the real economic warfare
that's taking place. There isn't boots on the ground. It's all economic. And the Trump
administration is through Scott Besson, Howard Lutnick and everybody are just devastating these economies. And so that is an
unfortunate situation for anybody sitting in, of course, altcoins. We're in high risk. We're on the
farthest end of the high risk curve yield that you could possibly go. And, you know, Bitcoin is right
before that. And the problem is, is again, 90 percent, 99 percent of space doesn't even hold Bitcoin.
So we're going to be feeling the brutal impact of any small macro shifts and liquidity adjustments.
You know, you have Japan's market essentially blowing up.
And of course, you have all the fear mongers on Twitter saying something's about the break, something's about the break, something's about the break.
about the break, something's about the break. And like, you know, I think when we zoom out in six to
12 months from now, you're just going to be looking at a political landscape that was pretty much
all driven by the American First initiative. And that caused liquidity to just shift amongst
multiple different fiscal and monetary policy shifts, both on an international and a domestic
scale. So, you know, what I'm looking at in the next few months is really simple. I still have
a timeline. It's very clear liquidity starting to open up. You have a new Fed chair in June,
you know, worst case scenario that will abide by whatever Donald Trump wants. I don't see
him electing a Fed chair that is not going to drop interest rates to 1% or whatever his ratios,
you know, what he exactly wants. And that means liquidity will start to open
up. So if you're like really looking for hopium, it is that the liquidity valve has started to
shift. The last major threshold is really Japan with the government right now with their bond
market, which is imploding. But I don't think that's going to last for more than probably three
months, three to six months. And I think that's already starting to be priced in.
And so that leaves you with, again, the tariff argument, which back to Prometheus points and
everybody on this panel, guys, Donald Trump comes hot out of the gate every single week.
And like, if you're in a longer or short position, you're just praying to God that he doesn't
tweet or that Baron Trump is really in control of the account.
It's, you know, it's just going to be volatile.
And so I'd say from the news perspective, what I'll say is like moving forward, my expectations
are very simple.
You know, while markets do look exhaustive, it's very clear AI is like the number one
demand driven market, especially when you have like Node.js coming out, the CEO literally
saying like humans are never going to write code again today.
I think coding is going to become more and more dominant, which means we need to be more
energy independent. And there's going to be a lot of investments flowing specifically into
the monopolization of those energy markets and those AI companies. And I don't know if that's
a year, two years, three years or when it decides to implode. But I would say I'm definitely on the
bullish side here in terms of upside in the market as markets are just repriced. So I don't
want to rate too much because there's so much information we can talk about, Wabi,
but it's really just an unfortunate position
to be an altcoin holder in this market right now.
I think what I'll leave off with is,
you know, crypto has shifted incredibly.
We're at its lowest point in years
in terms of, you know, altcoins against Bitcoin.
Total three is higher than it was technically
in like, you know, bear market of 2022, but there's also way more cryptos out there, like millions and millions
of more. And I think we're starting to shift towards a value driven market where back to,
again, Prometheus is the only person I heard speak on the panel yet so far today. But with
these crazy P ratios of like 500 X on Palantir, that same thing's kind of happening in crypto
where you can't just launch a white paper anymore with an idea and not generate revenue.
Dude, some of these chains out there are producing negative revenue rates.
It's crazy.
It's like they have no actual value and they're just some community that was cult-driven based off the assumption that one of these CEOs was going to bring them to Valhalla or whatever.
And now we're starting to see that completely shift.
Now we're starting to see that completely shift.
It is, it's incredible to look at.
It's incredible to look at.
If you actually look at the amount of cryptocurrencies that failed, it's 99.99999999998% or something like that, that have actually failed in the last couple of years.
And so for people that are holding on to those altcoins, I think they're in for a rude awakening when Coinbase is literally fighting right now for the rights to pretty much have all the extraction valves for on-ramps and off-ramps through stablecoins, etc.
pretty much have all the extraction valves for on ramps and off ramps through stable coins,
et cetera. Which means, you know, when you look at like the money entering the crypto market,
like with Bitcoin ETFs, that doesn't benefit all coins. It's like, cool, it's good for the
narrative, but those billions of dollars are being locked away in institutional grade ETFs.
It's not like it goes into Bitcoin and then trickles down into Salon and then Ethereum,
et cetera. It generally just increases Bitcoin dominance, which we very clearly seen.
And so, you know, again, I say I'll wrap up there, which is I think you're going to see a decent amount of liquidity come into the market here over the next six months.
But at the same time of all the macro effects, it may be limiting in the sense that altcoins are actually going to perform it exponentially.
But again, I'm on that I'm on that bullish side of the market right now.
I think it's definitely better to be more bullish than bearish at the bottom of a market.
Are the long liquidations or the short liquidations, which ones would trigger a bigger effect, man?
Because I know you like to look at that, Josh.
Yeah, that's a great question.
Obviously, October 10th changed things dramatically.
But it would be the, the short liquidations
for sure. If liquidity opens up, these shorts are going to get smacked. There's very few
resistant levels. In terms of longs, like if you look at the overall, like just order flow
and your aggregated liquidity levels and just zone regions that are kind of, a lot of these
chains like coin glass, people don't realize this, but if you actually go pull the backend data,
a lot of it is just assumptions.
They don't actually have the direct data points to say this is exactly where that key level is.
So it's a lot of guesstimation, but it's relatively accurate.
And so what you'd be looking at in terms of long positions is $75,000 to break that level.
I don't know what brings us below that. If we didn't go under 80K with the October 10th situation,
we're going to need a lot more than gold performing 3% in a given day
because of the Japanese.
Like Japan would need to blow up.
I think the entire bond market would actually have to break.
Those yields would have to go to 5.5, 6%.
That's driving down the crypto market massively.
That is a black swan event.
So realistically, the shorts are piling up in a lot bigger way, which is $98,000 is kind of a small one to that psychological level of that 100K zone.
106,000 is massive. And again, if you get any type of liquidity injection into the market, it's going to be really hard for the bears, which are already exhausted, to keep the prices down.
And that's kind of as easy as it's.
It's as easy as that, really.
Yeah.
Isn't it crazy, man, how like gold is almost at five stacks.
Silver also made an all time high and crypto is just kind of it's like, oh, let me just rotate from BTC it's a cold man
it's like you have nations buying gold and I can only imagine when the inverse of that happens like
when they start buying BTC might not happen anytime soon but it likely will at some point
because I think like the future of war is gonna be cyber
We're seeing that with AI right now. It's kind of like an AI arms race of sorts and
it's kind of like
Palantir and
Google and Amazon and
Heard he said Nvidia AMD and Intel Intel. intel oh my gosh dude intel is probably gonna
go to like trillions in market cap man i'm more bullish on them than i am on amd
and it's a national security issue so it's like ai stocks are just gonna be up and to the right
and i think like they're the next one in line to follow up this madness that gold has had and
I think they're the next one in line to follow up this madness that gold has had.
And perhaps BTC follows at some point, man.
But we all know that crypto is usually a laggard when it comes to all of this, man.
Did you see that post from Watcher Guru?
They posted gold reaches an all-time high.
And then they zoomed in to the one minute chart on btc within like five minutes
saying how crypto's crashing man my goodness it's so interesting because i was dying when i saw that
post and it's i want to get your guy the panel's thoughts on this because it's just it's one of
those moments like all the the boys who cried wolf the like the changing of the world order
like the ray dalios right they're coming out they're in davos right now that's all you see
on your for you page is the world's coming off the U.S. dollar.
And like, I don't know if you guys have ever read, like I've read principles.
I read the changing world order.
He changes opinion on the Chinese markets massively.
It's very clear.
Robbie just said it like the clear investment opportunities right now are anything the Trump
administration labels national security.
And unless he loses midterms, it's going to continue to be that for another three and a half years where all your government money and contracts are going to
go that's where all of the from semiconductors energy facilities lithium etc that is where all
the investments are running into so the question i have for you obviously the panel i want to get
your guys thoughts is like are you guys falling into that uh belief that the united states is
about to lose its dominancy as a world reserve currency,
or are you on the side that it's like, no, that's crazy, the reason why they're focusing on tariffs
and Americanism is because they're going to remain dominant as that currency, and it's just going to
filter out over the next three to four years? If I may, could I engage with that? Yeah, I mean,
Joshua, yeah, I think that it's that it's gonna like i think in the short
term i think that dixie and the u.s dollar is probably gonna start to perform a little bit
better than the euro and all that um i i mean i haven't like studied extensively enough on the
freaking greenland thing but i i don't think it's gonna be that easy to get it you know what i mean
i don't like they're not gonna agree to us just taking it unless, I mean, I, there's
probably people who know a lot more than me on this, but I I'm like, it's just such a
numbers guy and such like a betting odds guy.
Like I would never bet on something that is a 20% chance of happening unless I thought
there was like a clear, clear reason why that money is like that money is going to the wrong type of bet there.
I do think that in terms of, yeah, I mean, I think it's, it's way too, I think Dalio is probably
right in the grand scheme of things. I mean, the U S officially became the world power in 1945,
right after world war II ended, you know, even by his own metric, every world power lasts 80 to 100 years. So
you got like the 100 year part would give you, you know, 20 more years, essentially,
I would say the 2030s would be a big turning point. I would say, if China successfully takes
Taiwan, that would be a huge turning point. I think that's at least 10 years away. I think
it's at least, you know, five to 10 years away before China gets a military that's powerful enough that would really scare the U.S.
That would really get to a situation where China invades to Taiwan.
Taiwan, the U.S. is too afraid to kind of retaliate at that point.
I think that's still years away to go forward more on like, you know, what's happening.
Yeah. I mean, all the naysayers, Ray Dalio, all of them they they seem to always you know jamie
diamond to all of them they seem though it's like they want uh you know they want your liquidity
when they want to buy um i would say that markets are a little bit unattractive for them at the
moment because if you look at just generally what the freaking s&p 500 does you know every few years
there's always like a 10 to 15 correction probably probably every two or three years. It could be once every year.
I mean, you had it you had it kind of artificial last year.
And I mean, 90 percent of that was just the tariffs.
And I mean, history seems to be rhyming and repeating with I mean, whether it's for your cycle, whether it's coincidence, who the hell knows.
But it seems to be rhyming and repeating with 2022 to a certain extent and how attractive energy looks.
And even the fundamentals
are pretty good on energy right now 2022 energy was one of the few things that you know rallied
while the s&p 500 had a correction i don't think it's going to be anywhere as bad as um 2022 but
the thing that you were mentioning earlier wabi like i always like to mention um you're quoted
on me on it which is great too. Thanks, bud.
But yeah, like when the Fed starts to pause, especially in an area where, you know, Jerome is obviously not freaking happy with Trump's, you know, behavior towards him.
Like I would say he's going to be more hawkish.
I would say, you know, when you look at bad P ratios, I think Prometheus was mentioning it.
Like I think there's going to be a sell sell off for AI. I think NASDAQ, I mean, between like, I was on the show, like, I don't know,
a couple of days ago. And I think the only thing that's significantly changed since then is like,
the charts just look a lot worse. And I think that if there's anything that's going to prevent
Bitcoin from actually getting up to the big places, like 102K, 50 weekly moving average at like 100 or 101K, you know,
major, major places that we rejected from in previous bear markets like in 2022, 2018.
If anything is going to prevent that from happening and we reject earlier and come down
further, it's probably, you know, what Trump is doing in the tariffs and all that.
You mentioned like Trump could just tweet something and bring the markets up.
Yeah.
I mean,
I think there's definitely a possibility. I think if he does tweet something, if something happens,
we could run up to, you know, one of two, maybe even one of six. I mean, I don't know. I'm just
spitballing somewhere around that range. And that would be enough to kind of liquidate, you know,
all the people trying to short. And then that makes it healthier to to try to short. We reject
from those big points and it would come down farther.
And I think if that does happen, that's going to happen within the next, you know, before the FOMC meeting, before Powell speaks.
And he would be a big catalyst to probably bring things up if we're higher.
Markets do, like the three-day, you know, if you care about TA, the three-day looks
terrible on both Bitcoin and Ethereum.
It looks very, very, very similar to how it looked back in April of 2022.
And what's interesting on that is normally for Bitcoin,
we always bottom out earlier.
There's diminished losses every cycle.
Same thing for Ethereum to a certain extent as well.
Ethereum bottomed out in June of 2022,
which was, or was it May?
Now I'm trying to, no, it was June of 22.
And I mean, it could even be may of this year
that that things do bottom out so i think like i think half is bad i guess as in some in some terms
half of bad is what you know 2022 was i mean in terms of like buying something right now i bitcoin
at the moment does not look attractive to me if if something's changed you know if we get like
better emas on the three day, you know,
certain indications pop off based on my strategies, then I would be more than happy to,
you know, get in at maybe 112, 110, 115 K on the way up to hopefully 150 K if you go into a super
cycle. But until that, though, these things happen, I think it is better to be on the side
of caution right now. You know, you look at gold and silver, I personally, you know, don't think those probably will not continue to outperform the S&P 500 for too much longer, assuming you don't go into a recession this year, which I think we're a few years away from a recession, at least.
I don't think that's going to happen until Trump is out.
What looks attractive, I think more money will pour over into energy, like I've mentioned, you know, the last time I was on the space, um, uranium as well.
XLE, I think is the safest bet.
That's when I have a good amount of that, uh, the energy ETF.
I think that's a good bet.
And that's just aggregate, you know, kind of spot trading.
You know, if you took like me, for example, took a lot of profits off, you know, Bitcoin
crypto at the end of October.
And I was kind of just sitting on my hands for a few months because nothing really looked that attractive.
I was just like paying off my mortgage, you know, stuff like that.
But now there's actually something that looks somewhat attractive, and that's energy.
And holding that, you know, for six to eight months, I would hope to, you know, significantly outperform Bitcoin and then convert back to Bitcoin and possibly, you know, that amount maybe even double or get 50% more of my, you know, Bitcoin holdings there.
So that's kind of the aggregate that I'm looking at.
I mean, AI looks extremely overheated.
I think that's going to probably not, like, I don't think NVIDIA is going to go down anywhere close to how it did in 2022.
But let's say half of that, you know, I think it would be a half of that type of situation.
You know, I think you got Trump in, which is going to help a lot, like, but there's only so much he can completely do,
like, it's not going to be as bad as Biden in 2022, but it'll probably be half that I would
assume. But you, the last thing I'll say here is like, US is going to show dominance, I think,
in terms of, you know, the Dixie, I think that can jump up a little bit. I think, you know,
the Euro has been performing really well against the dollar.ie, I think that can jump up a little bit. I think, you know, the Euro has been
performing really well against the dollar. And when I look at that chart, I think that, yeah,
that looks kind of bearish. I think that the dollar is going to start to outperform the Euro
some more. Hopefully that's what I would kind of hope for, because if it doesn't, then you're kind
of getting into an issue there and you're getting into that, that kind of fear is the U S really
losing its place. But that's, you know, I mean,
the crazy thing, the last thing I was actually say here is, you know, look at the U S in the
fricking 1930s, you know, 15 years before it became the world power, the fricking Dow crashed
90%, you know what I mean? So China could fricking collapse in five years in the 2030s
and still essentially rebuild and become
the world power, you know, 15 years later and, you know, 20, 20, 20, 45 or whatever,
if you believe in that a hundred year theory. And I mean, I know it's just, people would say,
you know, it means nothing, but that's generally, you know, before it was the British, it was the
Dutch about a hundred years before that, before the Dutch, I believe it was the Spanish before
that. And then you could go, you know, you could really go back and it's all about 100, you
know, 150 years.
So it's interesting to look at.
I think inevitably China, you know, they got the population, they got the know-how.
I hate to say it, but it seems like the real narrative isn't going to be like full democracy.
It'll probably be like authoritative capitalism with a strict parent because, you know, we're seeing what's happening in the West and all the chaos and all that.
And I think that's really going to strive for the next model.
I'm not saying I support that.
I'm just saying what's what it's looking like.
It's going to happen.
So, yeah.
Man, if China falls, what does that mean for all coins, bro?
That's kind of the question isn't it you remember man um in previous cycles and even in uh in january 2023 a lot of the flows
they came from asia a lot of the 2017 bubble was because of uh places like china and also japan as
well crypto was like massive uh during those time periods and i think in january
of 2023 a lot of the flows that came in the spot flow they all came from these asian exchanges
they all came from uh i forgot i forgot the name it it was it was one that was like i think it was
okx yeah it was okx upbit and a few other asian exchanges that i i can't remember off the
top of my head but they all came from those areas man and um dude america can care less about all
coins honestly maybe maybe memes right but as far as like uh like the bigger project names
right a lot of those flows they would always come from uh from that
side of the world right eastern the west doesn't really care about that man the west loves uh
their pump fun and it is what it is man dude evan let me ask you this bro if someone in in in early
2024 or yeah i think it was early 24, Q2 of 24.
And they told you that gold would two X and BTC two years later would barely
be above that price. Would you believe them?
Probably not, man. I don't think anybody would have really believed that.
Well, I mean, I would have believed that if we went into a,
like the things that would kind of strive that narrative would probably be us
actually going into recession, unemployment at 8%.
I guess it is possible there's some parallels with that if you look at like the mid to late 1960s, what gold did.
But the crazy thing about that, bro, is I believe gold isn't even still,
it didn't even make a new all-time high against the S&P 500 since the COVID kind of peak there.
We're close to it, but we didn't
quite get there. So I think it's more of like, I think it wasn't that like, I think it was more
that gold was just so fricking undervalued for so long. And now it's kind of getting to where it
kind of should be. You know what I mean? And I feel like I'm not saying Bitcoin was overvalued
in that sense, but I feel like gold was just, it just lagged behind so much.
And I feel like, my view on it too, is you look at like that billionaire wallet that sold back in July, sold Bitcoin for the first time back in July of 2025.
You know, wallet hadn't been touched in like over 10 years, something ridiculous worth a billion dollars.
Like I would guarantee you some of that money probably obviously went to S&P that's where bitcoin peaked out against the s p 500s in july they
timed it perfectly for that but they're probably also some of that money went into gold too
um so i just think it gold was just really undervalued for whatever reason i think people
just didn't care about it enough or underestimated it, and now it's getting to its real value.
I think gold's going to be kind of sideways against the S&P 500 for the next couple of years, though.
Look at, like, late 1960s.
It could be kind of like that or late kind of 1920s, but the charts are weird with that.
And so that would take Intel to trillions in market cap if we're going to repeat that same growth phase, whether it's the late 1920s or the late 90s.
Intel's probably it. I used to think it was AMD, man, because a couple of months back, I know OpenAI did that deal where they get some of their equity once AMD reaches a certain market cap.
get some of their equity once AMD reaches a certain market cap.
But from a momentum perspective, Intel seems to be it, man.
Since Trump started talking about how AI is a national security issue
and not necessarily a speculative bid.
And how do you capitalize that if you're in crypto?
What do you buy?
That's a good point, bro.
What do you buy that's like what do you buy you what do you buy because the the only the only gosh bro ai project that's in crypto is basically you know link right you
know chain link it's like oh my gosh it's like an annoying neighbor, man. It's like, you know they're there,
and you know they're making noise.
It's Tau, right?
Like, if there's another community
that's just as annoying as the Link community,
it's probably Tau.
Fet, I don't know what they're doing with Fet.
I think Render pivoted to, like, chips,
like graphic chips.
So as far as AI, you want to talk like high caps and all that stuff.
It's probably Tau and virtuals because I know they're doing stuff with robotics.
But crypto is always late to the trend.
Usually when a trend starts, it takes crypto a minute to catch up.
And yeah, many people don't really know what's a bid if
if they want to capture that that uh that asymmetric upside if you see ai dominating in
in equity land what exactly do you bid outside of those outside of those niche names you know
uh oh it seems like evan dropped out but i guess in the meantime, I'll pass it over to Louie.
Louie, what's up, man?
What are your thoughts on the market to start off the week?
How are you?
How was your long weekend?
Hey, bro.
Good day to be in puts.
That's for sure.
Good day to be in puts.
Were you in puts?
Yes.
Impressive.
You know, man, I've been coming up here. i've been talking at nauseam about you know my
concerns about the equity markets like although they've looked really strong and you know pushing
all-time highs and you know i just i was i've been concerned and they pushed this thing i granted i
was a little early but i mean trying to call a call a drop in the major indexes and these MAG7 stocks is extremely difficult coming out of a three-year bull run.
But yeah, I've done the backtesting on this, but like four out of the
five times in the last five years, every time Bitcoin has a 20 plus percent drawdown,
the S&P and the other major indexes follow, but usually there's a lag.
This is the longest lag we've seen. Usually that lags about anywhere from like a month or two
months. This has been well over three months, and they really did push it.
Maybe it had something to do with the end of the year,
coming into a new trading year.
But it really has felt like distribution to me in the equity markets.
A lot of the leading mega cap, mag seven stocks like Apple looked extremely topped.
NVIDIA, although it's remaining
sticky and strong like that one you know looks distributive you know a lot of these stocks have
had three year plus strong rallies and it just made sense for you know when you're seeing the
s p stall out it was trading in a range it made some minute fresh all-time highs but that's exactly
what we saw in january 2025 and February of 2025, where
we saw weakness going into the end of the year of 2024. They ripped it back to the upside. They
made two like minute fresh all-time highs. And literally, I think we made a fresh all-time high
like February 22nd. On February 23rd, the top was in and the S&P dropped 20 something percent.
So like this is kind of in my reasoning for being a little cautious in the markets.
I'll be it.
You know, I kind of sniffed out the Bitcoin pop last week, you know, tried to play some
longs on that just pretty much based on price action.
A lot of those got round tripped, obviously, with the with the news over the weekend.
But I'm glad I stuck with my conviction on the equity markets. Yeah, I mean, it's looking right now, at least from a charting
perspective, you have a fault yet you have a failed breakout of all time highs on the S&P.
And you have a failed kind of breakout, like a diagonal trendline breakout on the NASDAQ.
And normally when you get these fake breakouts, they don't, you know, usually you see pretty vicious price action the other way.
So I did take a lot of profits today just because like stocks like Apple, you know, down almost four, four and a half percent in a day.
I've been sitting in these positions and building them for a couple of months.
So like I'm obviously going to take the opportunity to take some profits.
I don't know if the selling's done in equities, but, you know,
finally feeling a little convicted about my concerns
that I've been expressing on the equity market.
So overall, pretty good day. Overall, pretty good day.
That's impressive, man. Short stocks, long metals metals short stocks and long metals man
what's weird though is that the russell is still ripping into price discovery right um
yeah the same thing with the nikai like you have broader endacy markets which historically
literally have topped out months before the U.S. stock market so
it's like is this a pullback for ants or is this time different where like it
doesn't matter it doesn't matter if everything rips that usually tops out
before and everything is just gonna locally top out at the same time you
know is the Nikkeai has been signal for that
at least over the last few years the nikai outperforms stalls out then equity markets
follow with like a mini blow off top and then everything kind of resets locally yeah it's just
it's just funny man that like the the the amount of strength you've seen out of equities in the last two months while Bitcoin's been just in a shit range.
And then the second Bitcoin attempts to break out, it's like equities want to take a shit.
It's just so funny.
It's typical crypto, man.
It really is a shell of the asset class it used to be.
It's like you can't swing.
Like I'm a swing trader, right?
I'm not a scalper uh like even
if i take leverage like i'm not leveraged scalp trading like if i'm going to take a leverage
trade like i'm going to build a position uh and look to swing it for a high time frame reversal
like you literally like i don't remember the last time we've gotten more than like
a day or two of trending price action it's like range you get like a day or two of trending price action. It's like range, you get like a day or two of breakout,
one way or the other, and then it's just back to ranging
or just retracing the entire move.
It's just really sad, man.
It's like you can't, it's just really tough to swing trade this market
and really hold any positions.
It's like you constantly have to be in and out.
And it just kind of sucks.
You know, I mean, I guess it's good for the scalpers.
But even then, like, it's just extremely tough, especially with these altcoins.
So, yeah, typical Bitcoin, you know, finally starting to break out after doing shit for
two months.
And then, you know, we get some negative tariff news and we get the equity markets finally breaking down. So, you know, nothing's changed yet. But hopefully, you know, that changes soon.
I'm not fully, like, I haven't fully lost hope, right? Let's put it that way. The Bitcoin daily
structure looks awful, right? We got a failed breakout similar to what the S&P and the NASDAQ did.
And now we're back inside our range.
You know, from a technical perspective, it looks like, you know, we're probably going to come sweep our lows.
Anywhere between like 82, 83, 80K, something like that.
But at the end of the day, I've been doing this long enough where at the end of the day, Bitcoin is going to do what it wants to do.
I've seen Bitcoin stop on a dime, you know, out of nowhere when none of the TA made sense for it to, and it did. So,
I mean, it's not looking great, but I mean, I still see some solid high timeframe setups in
altcoins that are at or close to bottom. So even if equities continue to sell off here,
Even if equities continue to sell off here, I really don't see much downside as far as like trying to trade it, right?
Trying to trade like altcoins and stuff to the downside.
I think I'm still in like, okay, well, first breakout attempt failed.
Let's try again, but let's wait to see what happens with Bitcoin.
We've got to sweep it to lows.
I'll be looking to try again on some swing longs um but yeah just getting extremely frustrating
that this crypto market just doesn't do and by the time it finally does like equities uh roll over so
but glad i held my puts yeah yeah it's it's it's kind of like that omega range that we had
Yeah, it's kind of like that Omega range that we had in 2024 from, call it March, April of 24 all the way to August.
It didn't really have anything happen until SPX 6900 was going crazy.
Going into that week where CZ was let out of jail.
So you're talking about almost six months of price action where if you're not living on
chain you're not performing man i think crypto at this point or has been at this point over the last
like i'd say two years where if you're not on chain the whole strategy of just like
buying majors on coinbase or kraken it's just not going
to work anymore man everyone's too smart everyone has all these indicators and tools and all that
stuff uh they all know exactly what you're seeing they all do ta so it's kind of like what exactly
is your edge what is your edge? What is your edge?
And even buying like the S&P, man, like those boomers,
how many of them actually just bought NVIDIA or Intel?
They probably just bought the indices and they're comfortable with that, right?
But even in stocks, you actually have to pay attention
because look at the IWM, right?
If you think of bull market,
you think of low caps outperforming.
But how many of those caps actually outperformed NVIDIA?
How many of them outperformed Palantir?
How many of them outperformed HUD?
Not many, right?
So even in stocks, it's kind of like a rotation game.
How many nailed the NVIDIA trade into the HUD trade?
Not many, man. Not many. game how many nailed the nvidia trade into the hood trade not many man not many rotating from
nvidia in uh in q4 of 24 into hood uh in the spring of last year is probably something that
very few did they're just comfortable buying the indices or um just amazon or google stuff like
that so even in stocks you're it's kind of like people that have been in crypto for a long time
are now pivoting over to stocks.
And that's indicative of the price section that we're seeing.
You look at the percentage points that some of these names are up from their April lows,
you'd think it was alt season.
You would truly think it was alt season in equity land. I think Tommy, one of our analysts at BB, he said it this morning. He's like, yeah, this alt season, this massive bull market we've been kind of waiting for, it's been happening and it's still going on. It's just in the equity market.
I will say I do like how some of these Bitcoin miners are looking, right?
Like when you see stuff like the Russell or the IWM breaking the price discovery,
these lower cap, more speculative stocks.
Something like a Riot is up like 30 some odd percent as of last week.
Coming into this week, obviously pulled back a little bit today.
But yeah, it was up like 25%, 30% last week, like coming into this week, obviously pulled back a little bit today. But yeah, it was up like 25%, 30% last week. Other ones like Mara and all have been in multi-month drawdowns. But
when you see the IWM breaking into price discovery, you see Bitcoin dancing around,
potentially trying to put in some sort of bottom. I do like Bitcoin miners here. I don't have many
big positions yet, but it definitely is something to keep an eye on.
And if the Bitcoin miners are doing well, that's usually like a leading indicator for Bitcoin as well.
So just something to keep an eye on.
Iron has been doing well off of the bottom.
That's probably like the only miner that I like, to be honest, out of all of them.
I actually think Iron outperforms MSTR in a big way moving forward.
I think the strategy story is done.
It's just some guy going on a bunch of leverage and diluting his stock to buy BTC.
I think that story is already way too old now, man.
You're talking over half a decade.
Oh, shit.
Can you hear me?
Yeah, go ahead.
What did you say?
Sailor, did you see he bought two bill two more bill of
bitcoin at 95 like what is this man doing he needs to he needs to get they need to get somebody in
that company that knows how to freaking execute somebody who that like i don't know why they're
like letting this man just eight billions of dollars at every single freaking top, even if it's a local top.
Like, get out of here.
Like, that is horrible.
I'm no expert on it, but I think the only reason why he has to do that is because when Bitcoin's going up, obviously, micro strategy goes up.
And then when micro strategy goes up, then he could borrow against the stock.
So that's kind of why he's always kind of forced to buy these highs.
You know, it's kind of silly.
Yeah, it's so they can generate the yield, the quote-unquote yield.
It's just horrible, man.
It's just awful.
Like, I mean, my goodness.
Is Prometheus still speaking?
Oh, no, he's off mute.
Yeah, I would agree, man.
I think there has to be more stories than just like a company turning into a DAT by diluting their holders.
turning into a dat by diluting their holders um i mean just take a look at uh that meta planet thing
right um that was huge in the summer now it's down like 80 85 percent um and then you look at some of these ai stocks right like sandisk which made another all-time
high with that's insane man it's one of the few ai stocks that we talk about here on the show
sandisk um another all-time high this thing is basically like luna essentially i'm calling it luna that's what i'm calling it it's like the
luna of ai stocks and i mean now it's at 66 bill uh i think we were talking about it at like 90
bucks or something like that it's like ai hardware which i mean i think that just further increases uh the story for intel man um a lot of people in crypto
they look at they look at assets in the stock market and they're like ah man no it's it's
it's 200 bill on market cap i'd rather buy like a 20 mil market cap token on chain which does nothing
quarter after quarter except except like this propaganda how you're so early
and the whole oh my gosh the biggest cope is the holder count increasing prometheus have you seen
that shit like when an on-chain token is doing nothing it's like oh holder count is increasing increasing watch out there's a wave of yeah the worst is there's a wave oh man dude yeah i mean
that's bad another bad one is like when retail gets here like that whole when retail gets here
conversation you know what i'm saying that's that's pretty bad yeah Yeah. And, I mean, dude, again, you look at Intel, it's like, well, the thing is up year to date, like 25%.
Over the last year, it's up over 100%.
And this thing isn't even in price discovery for what it's worth.
The all-time high for Intel is at 70, and that was like a few months
after the NASDAQ peak in March of 2000. So you take a look at something like an AMD, for example,
right? When AMD broke its 2024 high last year, it blasted through it.
And I mean blasted through it.
So what happens when something like Intel goes into price discovery after the first time in decades, right?
Take a look at the Nikkei.
But again, right, like I think crypto people have this jaded conception of valuations.
I think crypto people have this jaded conception of valuations, and they don't realize that
there is a reason why the equity market is the most liquid market on the entire planet.
You see something like gold valued at trillions, and it can still double in a year, which is
insane.
Something like silver can triple in quarters valued at trillions um and i don't
think this like magical rotation from silvers into crypto is going to happen anytime soon
like does anyone here know any boomers that are like actually doing that like they're actually
trying to do that i i find that hard to believe, man.
I think fresh capital is going to be injected into this market.
But a rotation?
I don't know, man. I think it's just two separate demographics.
I think it's two separate demographics.
And as a matter of fact, I've seen some crypto bugs turn into precious metal bugs.
And that was like right as trump was
going to be uh inaugurated like there are some people that actually said like when trump comes
in he's just gonna grift the space and the space isn't gonna be the same and it's it's it's kind
of been like a yes and no like the space hasn't been the same but at the same time you've seen
some crazy runners right you saw troll useless a bunch of other stuff on Chain, and even some of these recent AI things, right?
Like, you still had time to catch them.
If you didn't take profit, then oh well, man.
You can't be in markets and actually not press the sell button.
There's no such thing as, like, buying and holding forever outside of BTC and maybe Ethan's soul. I would say
soul is the third one.
I see small caps in the audience.
I'm going to send him an invite
to speak.
Josh, is there anything that you want to say, man?
From the conversation that we're having?
I'm not able to hear Josh. Are you guys able to hear him i see him as listener
oh i see him as speaker oh boy the spaces uh spaces are rugged yeah they rugs for evan and uh
yeah he's not able to come back in here so it wasn't that you say prometheus a multi-billion dollar corporation can't get like
one of their hottest products to work most of the time yeah it's it's unfortunate because like from
like a streaming community style platform where you have like obviously the social media integration
and kind of the community integration if they were to get spaces right and they were to do it the right way i mean spaces could be a huge huge huge product for them i mean think about
uh what was that like old lady television show q q qbc or whatever like all the old ladies go
on there they watch the product shows once they watch the product shows it pops up with a phone
number they call the phone number they put their credit card information in they watch the product shills, it pops up with a phone number. They call the phone number,
they put their credit card information in, they buy the products. I mean, if you look at Scrub
Daddy, for instance, right? Billion dollar, billion dollar, you know, like sponge started
on that channel. You could have the same thing go on with spaces where you have, you know, product
shills go on, people tune in, you have in-depth conversations about it,
people then have direct access to, you know, buy X product, whether it's with a credit card,
whether it's through an on-chain wallet. They don't really, I think Twitter just has like this
misconception and misnomer that like, I mean, mean sure people made a big ruckus about the
algorithm um and quote-unquote engagement i think it was just honestly people that were down bad on
their positions and like kol influencers couldn't get paid like you know like mid five figs to like
shill shit anymore in spaces but um you know it's they make it seem like you know all we care about
is uh engagement and like the algorithm and in a way what's more important to especially the
content creators is monetization if they can get monetization right i mean that is what we're
talking about that is like you know billion talking about. That is like, you know, billion dollar corporation.
Let's get it right.
You know, whoever works for Twitter that's listening in on this, figuring out a way to
really monetize these spaces or allow for people to monetize their content on spaces,
similar to what pump funded, man, when they had those pump streams and creators could
get on there and actually earn like real revenue and real fees
um on their content like i mean that's huge that is a big sector of the market that you know i mean
even looking at like kick and twitch it's like the best there is out there from a monetization
perspective uh when it comes to like content creation for like streams.
But man, if I'm just thinking like they can get this right
and it would be so beneficial
and they would be able to capture
their like new wave of social media.
Because if we look at, you know, social media trends, right?
You had like Vine at at one point facebook was huge
myspace is huge obviously but i mean usually their lifespans are only like you know five to
ten years max before you have something new and shiny come out i mean look at snapchat snapchat
it's freaking dead i mean, people still message on it.
But, like, it's nothing.
I think spaces are actively rugged.
He's cutting on and off.
I mean, Twitter, they got to be careful.
Hey, Wabi, can you hear me yeah yeah yeah no you're good you were cutting
yes yeah yeah well i think it's probably my side honestly i'm driving
driving through the hog fields um but with that being said, man, I just I'll kind of leave it
up at that if they can do is right, space is right, and they can, you know, figure out their
platform. I mean, you could see Twitter be relevant for another, you know, like 10, maybe even 20
some odd years without any, you know, true real competition. And like you look at Netflix right
now, for instance like netflix is
falling off the freaking face of a cliff right netflix they put out nothing new no no good new
shows right and they spend like i don't even know how many hundreds of millions of dollars on
stranger things complete flop garbage right Because you have some woke individual deciding their, you know, company direction. And then you now see Hulu subscriptions rapidly picking up because people
are, you know, they don't have anything to watch on Netflix, right? So the same thing will happen
to Twitter if they're not doing it right. Anyways, I'll shut up. It's just space. Spaces are actively
rugged. Small Cap, what's going on man how are you
what's up brother good to be here hey fellas happy to be back um before i get into it i
i was hoping that naka was on today i had a funny a little is he here today
he was supposed to come on he said he'd be be here. Um, but I, I, I'm assuming,
I'm assuming that, uh, he's not going to show up cause we've been going on for
like an hour and a half, but I mean, feel free to give some of your thoughts.
Yeah, yeah, totally.
Well, for sure. Um, and, and say something if I, if I cut out,
I don't know if it's an internet thing or a spaces thing, but I got a,
before I get into a quick, funny story story, last Friday when we were on Spaces, I think that was my first time speaking with you guys.
I've listened quite a few times, but Naka and I were talking a little bit about AI Bubble.
Shortly after that, I posted a video of Jensen Huang.
He was talking about addressing fears on the AI bubble, the idea of it.
And basically, he said that every transaction that NVIDIA does, they go back to first principle and ask, do we really have the demand for it?
And the reason for the massive investing in the space, Jensen said it was to expand the ecosystem.
And if you look at the investments that they've
made compare it to revenues it's in the low single digits so I posted the video of him saying that
and one of my followers I guess he listens to your guys's space he commented and said
it's funny he said uh maybe Naka knows Jensen I bet Naka would have some way of telling Jensen
he's wrong so I got a pretty good laugh out of that. All fun and games,
of course. I like Naka a lot. I think he's the man. But yeah, so I mean, just for the guys that
are on the space and listening, just a little bit about myself. I'm a predominantly equities
trader, and I wouldn't even call it a trader. I'm just an investor looking for long-term value.
But at the same time, I accumulate Bitcoin. I don't trade
Bitcoin. I buy Bitcoin every day, whether it's $10 or like today, I made a bit larger of an ad.
I added a little bit over $1,000 today in Bitcoin. I just continuously add because because I think it's the true great asset of our lifetime and moving forward.
But the macro setup for just the market in general,
I think although we're having the turmoil and just a lot of geopolitics
and headlines playing into the market,
I think that this setup still kind of remains supportive
for risk assets, right? We talked about it last week. The Fed's in an expansionary mode,
being protective, and fund rate is steady between 3.5 to 3.75 after the cuts last year, right?
No restraint mode anymore. It's just trying to get back to normalization, or should I say measured
normalization with a somewhat resilient labor market and obviously cooling inflation still,
it's an issue. So I think that the dovish tilt and a pro-business environment favors the sectors
that need capital like energy and AI infrastructure. So that's where I'm, I mean, I've been bullish
on this sector and why I'm still continuing to stay bullish on the names that are really
positioned for the power crunch. I think energy is really that trade this year, you know, obviously
AI, but if we're focusing specifically within the ecosystem, I think energy is big, robotics too. But the massive demand for AI
is colliding with the limits of our grid,
grids across the country, and we're seeing that.
So I think nuclear and on-site solutions are winners.
BE, Bloom Energy,
it's got like a $2.7 billion cell deal with with aep for data centers that's strong
execution the stock is up like i think last year was what 72 percent year to date it's
it's moving like crazy now but it was around 150 i didn't really check it today
um as these ai build outs continue to accelerate revenues, continue to beat and energy fuels to you.
I think that that's a, I like you, you, you a lot.
Uranium play ramping production, their cashflow positive,
all the fundamentals are there.
And then on AI infrastructure, someone, I might've been Louie.
I'm not sure someone was talking about, you know, the big, the, you know,
minor names now transitioning to HPC and AI.
I think that the edge, again, goes to operators with secured, low-cost power.
And data center demand, we're seeing it.
It's surging year after year.
And by 2030, it's like almost 200% surge.
So IREN, I think, leads the space.
They got a big deal with Microsoft,
uh, GPU cloud deal, very high margins. They're scaling at the gigawatt level,
um, triple digit revenue growth. Uh, you know, they're positioned for, uh, execution re-rates,
which we've seen, right. HC Wainwright came out last week, uh, double upgrade by and price target
to somewhere in the eighties. I think, you like Cypher, Cypher Mining, TerraWolf, Galaxy Digital,
those are really Cypher and TerraWolf.
I think that they're positioned really well too in this space.
That's probably my top three favorite names just regarding execution,
power secured, power pipelines.
Galaxy Digital has a really good multi-gigawatt pipeline.
They got like a gigawatt and a half
1.6 gigawatt secured for their uh massive data center in in texas so i think that you know long
term leases uh and power moats are what is is driving a lot of these energy names and they're
just going to continue to drive it as capex expands on the macro level for these hyperscalers
and then you know if we tie in Bitcoin, a lot of near-term
choppiness. And I think we're going to probably see that over the next few months. I could see
a sideways Q1 around like 90 to 100,000, even 80 to 100,000. But overall, I'm not bearish for
2026. I'm definitely bullish on Bitcoin this year.
I think that, again, sideways, right?
As capital rotates, liquidity tightens in the short term.
But regulatory clarity is super important for Bitcoin this year.
The Clarity Act, right?
Macro liquidity and institutional ETF flows, I think, could still drive Bitcoin to $150,000 at some point this year by year end, right? And really seeing it mature into a reserve asset. Now, if the Clarity Act gets passed, that's not, I don't think that's a signal that's clear clarity on regulatory-wise within the sector.
Institutions, some people fear institutions and don't really – I mean, I haven't really spoken too much about it on this space.
But people feel as if it's a threat, and I think that's more of just a connotation that comes with Bitcoin from the earlier days, right? If we're going back to 2010 to 2020,
but man, institutions are what is going to make Bitcoin
from what's looked at as like a speculative and volatile and illiquid asset
to a real reserve asset.
So institutions are super important. I'm looking forward to seeing,
uh, what happens regarding that this year. And someone said something about like the S and P
and the just stocks in general being over the word wasn't overstretched, but that's how I kind
of take it. And yeah, like I, I think that it's hard to ignore how overstretched just the market feels in general, right?
Tech stocks are at nosebleed valuations.
S&Ps, other than the dip, you know, today we were between 6,900 and 7,000.
NASDAQ around 23,500, both at record highs, 32X forward PEs.
That's very high above historical averages um and it just like i think
it signals some potential froth as hype meets reality checks on just growth sustainability
um precious metals right like gold 4,700 an ounce or like just continuing to increase up 75% year over year.
And that's just driven by tariff fears and, you know, central bank buying silver, obviously.
And then we have Bitcoin, right?
Consolidating 85 to 100 grand or even as low as 80, really choppy 2025, down 6% on the year, despite being at 126,000 in October, which
is obviously crazy, down like 30% from the peak.
Price action stock in this range, for this long, I think it's historically kind of precedes
rallies, right?
As we saw it at FTX bottom, I know it was a little bit
different. But I just think, you know, there's definitely ample room to run as capital rotates.
I just don't know when that's going to happen, right? I'm not, again, macro-wise, 2026, I'm
bullish and I feel good about Bitcoin. But it's funny, because Bitcoin, you said something about
seeing that rotation from boomers and gold and silver. You know, because Bitcoin, you said something about seeing that rotation from
boomers and gold and silver. For years, I've been trying to get my grandparents to just do a slight
allocation into Bitcoin. They've been in silver for 25, 30 years, and I can never get them to do
it. It's too speculative, too volatile. It's just they don't understand it. They don't believe in it.
It's too speculative, too volatile.
It's just they don't understand it.
They don't believe in it.
And again, I've been trying for years, probably since 2020, even in 2022 at 17, 18, 25K.
And of course, finally, silver explodes.
And I'm now getting hit with, you know, we told you so, right?
We were right.
Look at silver, look at Bitcoin.
So it's a lose-lose situation for me, even though Bitcoin's up thousands of percents, millions of percents since inception, and even very high since the 2022 low. for Bitcoin as a reserve asset is bolstered by accumulation data is what's going to point
and kind of push us to $150K by the end of the year and breaking out from four-year cycles as
adoption scales and kind of just decouples from traditional risky assets. And we're seeing a lot of... It's interesting where Bitcoin is today,
taking into account what's happening with Japan. I don't know if you guys are really seeing anything
in Japan with yield curve control and just suppressing risk over years. Now the pot's
starting to boil. And something's got to give at eventually and i think that's what
we're seeing now but i'll i won't go too far into the japan and yield curves all kind of open the
floor now yeah it's all good man um you know talking about like ai centers and all that stuff
i'm not sure if you were here listening when i was talking about uh and AMD. And I think, you know, we're talking about a stock that
hasn't even come towards its dot-com valuation.
And I do know that precious metals have something to do with, like, AI and all that stuff.
I know, like, some precious metals are used to make chips and all that stuff i know like some precious metals are used to
to make chips and all that stuff right um and now it's kind of like all right for crypto if
we have something like iron then what's something for the equity market if you miss something like
an nvidia right um and outside of amd as well because i I know AMD is like the only proxy that people can get
if they're bullish on OpenAI,
because I know OpenAI, to my belief, to my knowledge,
has some equity in AMD.
OpenAI has some equity in AMD,
but that's not, it's not vested,
like fully invested for them until certain valuations are hit.
Then I think if precious metals are going to keep on rallying, I don't think it's like before, man, where in previous decades, a precious metals rally would indicate the end of a bull market.
And we saw what silver did after breaking out of a multi
decade suppression it just blasted through and now we're also seeing gold continue to make all-time
highs as well whether as before it's sort of like gold is bitcoin and silver is eath um historically
bitcoin tops out and then you see eth run historically b Bitcoin tops out. And then you see ETH run.
Historically, BTC tops out.
And then you see ETH run.
And oddly enough, it wasn't really like that.
ETH peaked out in August.
And BTC peaked out a few months later.
So it's been kind of a tricky market, man, for people that pay attention to trends.
It's been kind of a tricky market, man, for people that pay attention to trends.
I think when you were here on Friday, we also talked about global markets still making all-time highs.
And now you have a significant pullback after a multi-week rally from the IWM and some other indices.
And I think people just love the fear, man.
I think fear actually gets more
engagement than than like optimism don't you think i mean yeah like a hundred percent i fear 100
percent gets gets more optimism than engagement and it's i mean that that just goes back to like
the laws of of philosophy and like ancient, right? Like fear is what drives markets
and it drives people. But the issue with fear is that it drives people to do things without
actually knowing what they're doing or knowing why they're doing it. Right. So that's why I try
like as hard as I can to not get caught up in the fear. I mean, just you got to step back for a
second and kind of think about and remember times
in the market where there were massive amounts of fear, right?
And the most recent ones that I can look at is, you know, we got October 7th or October
10th, was it?
With Bitcoin, that massive deleveraging.
We could go back to, and the same thing in the market.
It was like a Friday in October. It to and the same thing uh in the market um it was was it it was like a friday in october it was the exact same thing the market qqq had its like worst day and dropped the indice
dropped like 40 50 points in a day and then look at what happened a couple weeks later right
recovery go back to april of this year had like a week one of the worst weeks in modern history, right? Or in the recent few
years, uh, spy got down to four 80. Was it something like that? Don't, I don't want to
be quoted exactly on where it got to, but just look at what happened, you know, not only a month,
not, not just a month later, but six, seven, eight months later, right. We, we recover. So I,
it's, that's kind of just what I try to look at when, when, when there's fear in the market. Um, and it, and it just goes to the
same thing of, uh, it's, I don't know, man, it's interesting. It's, I see like a lot of,
not to get off on a different topic, but I see a lot of like really contrarian ideas on,
lot of like really contrarian ideas on, on X and just, you know, figures in the market in general.
I think that people have an obsession with, I guess I'll use Michael Burry, right? Being the
next Michael Burry. But what it really is, is it's just contrarianism. It's people that
want or wanting to be right when everyone else is wrong and just go off on a, on, on just be different from everyone
else. So I try not to pay too much attention to it, but you're 100% correct. Fear absolutely
drives people, drives markets way more than optimism. Yeah. Optimism. It's, I mean, that's
just an absolute fact. And speaking of fear, you know, I think that there's rightful reasons to be to be fearful when
you take a look at it geopolitically and just go like across the globe one i think that geopolitics
is really going to be the theme uh this year you know like if we're looking at what's happening in
the market and some of these stocks like names are down four or five percent today like names opened up down six
seven eight percent right in the in the smaller cap like more growth growth sector um but i try
to ask myself like why were they down okay does it have anything to do with their core business
model for example like a stock like uh like terror wolf or cypher mining or like a Wolf or Cypher Mining or like a Riot or Marathon, Iron, why were they down today? Did
they miss an expectation in deliveries of GPUs? Did they miss like a forecast and when power is
going to be online? If they didn't, I really don't have that much to worry about. Like,
I'm not going to panic sell these names because Trump comes out with, you know, is weaponizing
tariffs, right? Which I don't think is when we're talking about from like a, from a market perspective,
short term, yeah, it's, it's, I don't like tariffs, but overall for the country, right?
I think that there's definitely a benefit and it's going to take some time, right?
But, but the whole goal is to get the deficit down.
I think that this in turn, everything that's happening right now, I think is a positive
signal for Bitcoin, right?
It might not look like it in the moment, but when we're having countries and again, we'll talk about it with Japan.
Like Japan is pulling off and pulling the plug, I guess we could say right now on the biggest monetary hallucination in the history of the planet or in recent history with yield curve
control. And yield curve control right now is dead. And I think the bond market is waking up
and screaming. For years, probably eight to 10 years, Bank of Japan capped their Japan government
bond yield at 0% and kind of let it wiggle between 0% and 1%, but it was basically
zero. And buying whatever it took, sometimes 100% of issuance to just keep the curve flat,
right? They told the world that it was stimulus, but in reality, it's just the biggest risk
storage device ever built. Capping yields does not eliminate risk, it stores it. And eventually,
that storage, it's like a pressure cooker it has
to explode um it's they suppress volatility and hid the true cost of 200 to 300 debt to gdp
and funded endless endless deficits at like negative yields right and and uh i just think
that i don't think that's the japan problem I just think that that's a fiat currency problem, right?
You have the legal privilege to do whatever you want, whatever policy you want.
Obviously, on the other hand, you know, Bitcoin, you can't do that, right?
There's no board members.
There's no Fed chairs.
Like, you can't just vote on policy.
And we kind of saw that with Elon when he first got into space, right?
Remember, he said he wanted, I don't remember, he said something like more blocks or faster blocks. That's not something you can do with Bitcoin. You have to work with the system.
You have to evolve into it. You can't just change things. So what's happening in Japan, I think that
this is like a structural bull case for Bitcoin, right? But we're seeing it in the metals. This is the reason why gold and silver are so
high. I think it's because of now Japan is abandoning the yield cap and the 10-year has
completely blown out. So like over a percent and a half, it's the highest since 2011. And
the yen too, it's weakening to 160 plus on the dollar it's ripping higher every single
uh japan you know bank of japan hike signal and unwinding trillions in carry trades forcing
like leverage players to puke and and leave like money is leaving the system so it's just again
monetary regime change is happening in slow motion but again, I think it's bullish for Bitcoin.
It just, it just hasn't caught up yet. Like these are, these things aren't going to make me
like want to sell. I'm never selling Bitcoin, but these things aren't going to make me
stop buying more. Right. I think it's just, like you said, fear and it's an emotional game. The
markets, the markets are an emotional game. There's, it's not a fair market, right? We have right? We have market makers, institutions, hedge funds. These are the guys that are winning and it's
to crush guys like us, right? And I think that that's why Bitcoin is such a valuable asset to
the non-elite. It's a valuable asset to everyone, but especially non-elites and non-multi-billion,
trillion-dollar institutions because you can't suppress it.
You can't change it.
It's just there's no revenues to report, right?
It's not the Federal Reserve.
But yeah, you're 100% circling back.
Fear absolutely drives people way more than optimism.
It's not even close.
Yeah, and the uh in crypto compared to
equities it's almost night and day sometimes but usually uh when equities catch up to crypto they
they always seem to catch up with one another at some point um you just look at look at the s p
two percent down on the day and then like you now have crypto bros who've been dooming this space for a minute say, oh, that's a distributive top.
And I don't know what it is that they're talking about when they talk about distributive tops, honestly.
i i i truly think sentiment from like a long-term perspective in crypto is kind of
it's it's the lowest it's ever been because you always had those believers right um
even like in ftx there were a few people that still believed but now you have like people that
have been long-term in the space even on bitcoin Bitcoin, they've just gone out to buy stocks.
And we kind of all know what happens once crypto catches that signal.
Like, all right, most people think it's over again.
Now it's time to rip this.
And crypto, if we're talking about liquidity, it's a liquidity vector, right?
It's kind of a gauge on how global liquidity is.
If crypto is doing well, then all other markets are doing tremendous, right?
Because almost everything outside of Bitcoin is kind of just like this overly speculative thing, right?
Even if they do generate some revenue, something like Solana, for example, generates Rev, a few other chains as well that I can't.
Hyperliquid is another one that makes a ton of money too.
And honestly, as long as the end of the end continues to trickle up, I think we could have a good year despite all this volatility from tariffs again, which I didn't think would be meaningful, man.
But definitely some good takes from you, man.
Would definitely love to have you tomorrow to kind of get more perspective on what you were talking about, Japan and all that stuff.
And yeah, FOMc happening pretty soon and uh i i think all this suppression
that that um call it market makers or whatever fear mongers i think all that's just going to be
thrown out the window once powell leaves office and if we are going to go into a mini downtrend
then like it's probably going to last a few weeks
because this Trump admin just loves volatility in both directions.
And it's crazy how a post can move trillions.
It really is.
And we talk about AI automation replacing humans and all that stuff,
but it's like
Without humans, you don't really have a market do we and without a market?
There's no civilization because America literally runs on the S&P 500
Yeah, and yeah, I mean the G yeah, but what time you guys going live tomorrow?
Usual time tomorrow uh usual times yeah i should definitely be able to you know hop in at least for for for some time um i thought it's it's funny that just to touch on like the trump thing yeah
i think that now after what we've seen over the last year right we're we're coming up actually
i think a year to the day that he's officially the president i think the inauguration was the
20th last year.
So happy one year. I think that we definitely can't miss the next Trump buy signal. I missed them both. There might have been two or three of them where he said, now's a good time to buy.
So I think that's definitely something to watch out moving forward. And then you brought up
something interesting about the distributive top signals from crypto bros.
Mike Alford calls them chart squigglers.
I think that's a good term.
I think it's funny.
Not to shit on technical analysis.
I think TA definitely has something to do with intraday trends and even on a higher timeframe as well. Like you could definitely
day trade and make, you know, scalps and different trades off of technical analysis. It's for sure
something to watch, but it depends on what kind of investor, like trader you are, right? Trading,
investing value, like long-term. I don't really focus too much on TA. Like I'll definitely,
I can recognize head and shoulders and inverse head and shoulders you know different patterns and whatnot but look at the end of the day when someone says like when
these guys are talking about um they're seeing like uh distributive tops right i've i've been
around this space long enough now to recognize a very painfully predictive crypto pattern,
which is what you just said. And I don't look too much into it at all. I really started getting
involved in late 2019. I bought my first piece of Bitcoin in 2017, right before the run up from
three to 20. And I was a freshman in college
and it spooked the shit out of me, right?
It spooked me and scared me away.
And then a couple of years later,
I got back in and because I started,
just reading and understanding Austrian economics,
right, fiat currency,
guys like Frederick Hayek and Murray Rothbard.
Those are people that everyone should read.
There's an incredible book written, I think it was by Rothbard. He talked about how the government ruined our currency
or something like that. It's like 55 pages. Everyone needs to read it to truly understand
what incentivizes what you get in the corrupt system through fiat. But anyways,
I shit my pants again the second time, my second route in Bitcoin, right? Buying it at 11,000, 13,000.
And then the next day, the pandemic comes and it goes down to four.
So that's what, like a 70% drop.
The S&P dropped 30%, 35%.
So I was like, holy shit, this is scary.
But kind of just kept my ground.
And we've seen these cycles happen over and over again.
We've seen the crypto bros talk about distributive top signals, right? But the longer you've been around,
the more it just becomes noise. You see this stuff every cycle, right? The price grinds higher,
thinning volume, bid and ask spreads, they get much wider at the top.
And the loudest voices online are the ones that are likely to have
a meaning like meaningless skin in the game right they're they're not accumulating they're just
exiting so the narrative stays locked right like this time it's different distributive whatever
the fuck they want to call it um what makes it worse is like the the fud industrial complex that follows right like
once distribution is mostly complete price begins to roll over same accounts that pumped crypto to
the moon uh seamlessly just like transition to fear-mongering right we have regulatory doom um
macros collapse like bitcoin's going like Bitcoin's going to 20K,
Bitcoin's going to 30K. And I don't think that the goal is really analysis. It's just engagement
farming. Panic sells ads, just like sex sells, panic sells, fear sells, retweets, subs. We have
Elon dishing out a ton of money for engagement now, right? Or so what some people might think
is a ton of money.
The louder the doom, the more eyes, the more monetization.
It's just, I don't think it's conviction.
I think it's just content.
And I think real investors, professional investors,
they don't operate this way.
Like I'm not a professional investor.
I'm 25 years old.
I haven't been in this game long enough,
but I'm trying, right? I think that's the goal for everyone
is to become like a professional
at whatever their craft or if it's a side hobby um and then professionals don't operate that way we don't
scream like sorry i didn't mean to say we but they they don't scream tops or bottoms they are for
clout right they just they watch order flow they watch the fed funding rates futures um realized
cap and and just kind of channel behavior you know professionals size accordingly
like they're not chasing 10x's although you know obviously you have those in your mind and
just kind of you just got to stay quiet until the setup is asymmetric should i say like the crypto
the crypto bro that that archetype is just endless shilling and catastrophing, if that's the right word, during drawdowns.
So it rarely survives multiple cycles because emotion and audiences want discipline.
And I think the irony is the very few people who claim to hate fiat have built their own like mini version of it, right?
It's like it's literally the exact same thing.
It's a hype driven narrative controlled like sector of people where their sentiment is manufactured and tops are distributed.
I think it's just ridiculous.
It's weaponization for clicks.
And if you want to play the game long-term, right? Like you tune out the
noise, watch the tape. You don't watch the timeline. Distribution is the greatest thing
until it isn't, right? It's euphoric till it's not. And by the time that these, you know, the
choir start of these crypto, whatever, these distributive top guys start singing, the smart
money's gone. And it's not bearish. It's just like, it's just being straight
edge and sober in, in your mindset. Like I buy Bitcoin every day, whether it's $10 or $20 or
even $5 a day, I buy it every day. And on days like today, like I take a little bit more advantage
and I kind of just look at that money as never touching that money. That's, you know, I, I bought
like a, you know, a little bit over a thousand,000 of Bitcoin today. It just continues adding it to the stack.
So if you have the conviction in it, dips are opportunities.
Could Bitcoin go down to $80,000?
Could it go down to $70,000?
Sure.
But just like it went from $40,000, $50,000 to $17,000 and then $60,000 to get back to $40,000 again.
And then we got up to over a hundred K and then
down to 74. Like this, this just happens. Um, I stick with history and I stick with just the idea
and conviction and the theme that look, never fiat currency has never worked in the, in the
history of the planet. It's every single, uh, civilization or community, whatever, with this idea of fiat.
It just hasn't worked, right?
Constant debasement of currency towards other assets, right?
Selling silver to debased denarius.
And that's just what we're seeing today.
So I don't pay attention to those people at all.
Let's go, man.
That was a fire cook, bro.
I appreciate it. i've been practicing i feel you man thanks for requesting man um when you did last week it was great having you up man
and uh looking forward to tomorrow and uh shout out to all you guys in the audience that are
listening right now live or listening to the recording right now, I want to give a shout-out to all the speakers that came up
throughout the last two hours.
I want to give a shout-out to First Small Caps, Prometheus, Louie.
We also had Evan up here.
We also had Josh up here.
Shout-out to all the speakers.
Guys, if you're listening right now, whether you're live
or you're listening to the recording, give them all a follow.
They make this show exciting and they offer great conversation.
And I'm glad it's not just like an interview because I really do not like doing spaces where it's kind of like an interview.
That's not real conversation in my opinion.
But nonetheless, guys, follow BecauseBitcoin account as well.
Guys, follow BecauseBitcoin account as well.
If this is your first time tuning in and you've enjoyed the YAP session that you've been tuning into over the last two hours,
my name's Wabi.
I go live here Monday through Friday, typically at 3.30 p.m. EST, and we talk all things markets.
I'm the host of Market Talk, and I said we talk, as I've been saying, we talk all things markets.
Jeez, why am I stuttering, dude? That's so weird. of market talk and i said we talk all as i've been saying we talk all things markets geez why
am i stuttering dude that's so weird i think i need to slow down um in yapping sometimes but uh
anyways we talk all things uh bitcoin alts trad fi we talk narratives price action whether it's
lower time frame or higher time frame we talk commodities even really anything that's tradable
we yap about it anything that's trending to the upside or the downside we talk about it anything
that's made headlines on news we talk about it so feel free to give us a follow follow because
bitcoin account we also have some other free shows for you guys in case you guys like visual content.
We have a YouTube show that's called Market Check.
That's also hosted throughout the week at 11 a.m. ESC.
That is our technical analysis centered show. So if you guys are into all things charting, feel free to tune into that show.
We're also very interactive with our live chat on YouTube.
And we hope that you find a home here at BecauseBitcoin,
not only for our free content, but also for some of our news-based content. We do strive to be
one of the fastest pages on X when it comes to reporting real-time market-related news.
So if you want to keep up with what we do here, whether it's our live streams with
our X spaces or youtube streams
or our written content you guys can give us a follow and uh turn on bell notice so you can be
made aware of all things and kind of think of us as a one-stop shop and if you guys are into more
exclusive content whether it's uh our trading terminal bb terminal that's over in our bio or our inner circle alpha group that is
comprised of multiple channels where we cover all things crypto whether it's solana ethan base
or even nfts if you guys are into that as well as some private live streams we have links to that
in our bio and you can send us a dm if you're interested in any of our packages if you have any
questions we'll hook you up with a first month discount in regards to any of our packages, whether it's our terminal, whether it's our Inner Circle Alpha group.
And you guys can send us a DM, the BB profile, or any of our affiliates.
Just click under the affiliates tab and the BecauseBitcoin profile, and you can send us a DM.
And we'll get back to you within 24 hours.
So once again, guys, thank you all so much for tuning in.
Spaces are recorded, as always.
I've been doing this for just over three years now,
and all of our spaces are recorded.
In case you guys missed out on any tidbits
that you might have not listened into
because you're going in and out of spaces or
maybe spaces booted you out i know sometimes um spaces uh can be a bit buggy and that's why
we have them recorded so once again guys follow all the speakers follow because bitcoin account
and we'll be back tomorrow at the same time here on x spaces at 3 30 p.m. I want to give a personal shout out to my Lord and Savior, Jesus Christ,
for allowing me another day of health.
The talk markets with you all.
I never take any of this for granted.
Each stream is more precious, honestly.
But guys, take care.
I'll see you at 3.30 p.m. EST.
Thank you to all of our new followers.
Shout out to you guys.
And also shout out to those of you that followers. Shout out to you guys. And also
shout out to those of you that have been tuning in for the last couple of quarters and years.
You guys keep the lights on here at BecauseBitcoin. And I appreciate all the love and support that
you give to all of us. And with that being said, have a fantastic rest of your Tuesday or Wednesday.
Take care, guys.
Bye-bye.
Thank you. Oh Oh I don't know. Anywhere. She's all I need.
All my life.
I feel so good.
You can't just say no.
No, no.
Su-su-su-su-ia.
Just say no.
No, no.
Su-su-su-ia.
