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Market Talk- HUGE PUMP FOR CRYPTO THIS WEEK?! FOMC?! RATE CUTS SOON?!
Recorded: March 17, 2026 Duration: 1:16:49Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm sorry. I'm sorry. I'm sorry.
I'm sorry.
I'm sorry.
I'm sorry.
I'm sorry.
I'm sorry.
I'm sorry.
I'm just doing a...
Are you guys able to hear me?
Are you guys able to hear me?
Just throw an emoji if you guys are able to hear me okay so you guys are actually able to hear me uh oh boy all right i i tried playing
some intro music but um evan are you able to hear me?
I'm not able to see, like, the little blue mic thing.
Yeah, I could hear you.
Could you hear me, bro?
Yeah, yeah, yeah.
Dude, I tried going, whatever.
I'm just going to start the show now.
Whatever, man.
I actually tried going live, like, at the usual time, 345, and it would not let me go live at all whatsoever man and
then I tried using the same link and I'm like all right I'm gonna go live in two
minutes and then that didn't work that I'm like all right I'm just gonna raw
dog it and just click live now with a new link immediately.
And then I tried playing the music.
I didn't see the little blue thing when you speak.
But whatever, I think I'm just going to just give the intro now then.
But guys, what's going on?
Day before FOMC, a little bit of a slight pullback on BTC and ETH.
Soul, on the other hand, looks like it really wants to break out of 100 bucks um equities specific equity names are pulling back the miners s p kind of pulling back as well
from yesterday's high we have fomc tomorrow and um the last few meetings have dictated a big move for the market. I think this is Powell's last meeting, if I'm not mistaken.
And yeah, dude, it's been eight years since he started at the Fed as the main guy.
And it's been great having him, honestly.
A lot of good stuff has happened over the last eight years.
And this Warsh guy, he's going to come in and probably do some rate cuts during his first
meeting, which I think is going to be in June.
So that's probably when we start getting cuts again.
But there's always a possibility that the market is always going to front run things
like rate cuts.
we saw that in 2023 um the market was just absolutely going up like crazy in the equity
We saw that in 2023.
markets before Powell cut rates uh for the first time back in 2024 and throughout all of 2023 as
well the market just went ballistic in equities where this crypto kind of had to uh it crypto had this green light red light kind of motion in 2023 2024
it would make new range highs by a substantial amount and then do nothing for months and then
make new range highs and then do nothing for a substantial amount of months with this de-equity
market it kept on going up into the right nvidia was up into the right. Robinhood was up into the right.
Some of these miners were also up into the right.
And we'll see how the price action is with this worse guy, because as much as people
want to say that macro doesn't matter, I mean, it kind of has mattered over the last
over the last four years.
It it it honestly has.
And that's why this bull market for crypto hasn't really been the same as other bull markets.
If you weren't consistently rotating between sectors, you honestly underperformed, whether it's the equity markets, you could have honestly thrown a dart at anything tech, at anything growth related
to AI or some of these crypto proxies like MSCR and made a boatload of money. You could have gotten
Robinhood as well. That was an amazing growth story. You could have bought in Coinbase and
crypto. I mean, the only thing that was really consistent were things like Sol, Hype, Pepe.
Mog kind of topped out in late 2024. It didn't really do anything else after the election. So
unfortunately, 2025 was really just, it was honestly just hyperliquid and a few things on chain.
Bitcoin did not really do much in 2025.
MSTR, most of its move occurred going out of the election as well.
If you weren't in miners in 2024, some of these AI data centers, you didn't really do much when it comes to the crypto proxies, I like to call them, things like Robinhood as well.
And now it's just kind of a waiting game from here until Warsh gets in. But the squeeze to 80k,
I think, is a real thing. I would even say 85k upwards to 90k, if i'm being honest i think the probability is higher than not
and then we'll kind of reassess after wars gets in um as i do think like the market
there's a possibility the market doesn't really like the uncertainty um from what i've seen
wars is a guy that actually wants to reduce spending and essentially do the same thing
that elon wanted to do when he was working with trump with uh the doge stuff and speaking of that
we're always supposed to get were people supposed to get some some doge checks some doge to me um
that's obviously not going to happen at all um But I think what might happen is the tariff relief checks,
whatever they're called, sometime going into midterms,
I think that would be a huge boost.
That would be such a huge boost going into the midterms.
And I think whatever happens after the midterms,
it's just going to result into what usually happens the pre-halving year where things go ballistic.
And I honestly think majors can go into price discovery before the halving again, probably at some point in the next year or so.
And even if we do make new lows, I still think we'd make new highs just because of the volatility that this administration provides.
I still think would make new highs just because of the volatility that this administration
provides.
Anytime we have any sort of substantial pullback of over 40%, we basically did that last year
and we re-reversed.
So who's not to say the same exact thing can happen?
Same thing with the equity markets if the S&P actually ends up pulling back 10%.
And we're seeing now over the last couple of weeks, the
strength that crypto has had against equities is really remarkable. So the only other time period
that I can recall this kind of PA occurring was the second half of 2023, which was a scenario
that we were talking about earlier in the year what if equities end up
pulling back 10 to 15 as they usually do every year is crypto going to hold for the most part
for majors perhaps with some of these select all coins from the previous uh 2024 having cycle
might not hold up you'll take a look at things like doge avax those
all coins they didn't really bottom until um late 2023 before we broke out in November where BTC
broke out of 35k so that kind of stuff could happen which is really why for for all coins I'm
usually just been talking about things like hyperliquid here on these spaces, which made another year to date high at like $42.
So now it's only about a 48% pump away from going into price discovery, which is insane, really.
from going into price discovery, which is insane, really.
That reminds me of what BNB did after we bottomed out in late 2018 and started trending in 2019.
While the rest of the market was just having a huge dead cap bounce, BNB actually surged into price discovery.
BNB actually surged into price discovery.
And a big part of that was because Binance was offering this product called initial exchange offerings where you would buy BNB and then send that BNB to an address and you'd be eligible for an ICO through Binance. And you had many things like Matic, like FET Fetch.
Another one was Cody.
And those multiples were like 15X, 20X plus on your money.
So people just bought a bunch of BNB specifically
for that reason, even if they didn't get in,
they knew that there was
going to be demand for multiple months on end until they stopped doing IEOs. And I think Binance
blasted through like 20 bucks, 25 bucks during that time period. And now you take a look at
Hyperliquid. What are people doing in this market? They're going into hyperliquid so they can change asset classes, but still maintain that crypto exposure.
And hype is that flywheel.
It benefits through people trading bonds, trading stocks, trading commodities like precious metals and energy.
And essentially, one of crypto's only flywheels outside
of bitcoin and so you've got crowdfund money in there and so there's a narrative it's a momentum
trade and we've been talking about it on the spaces um ever since it retested it its yearly open in the mid-20s.
And it is what it is.
The strength has to be respected.
And I think it can go into price discovery.
But anyways, I'm going to pass it on over to the other gentlemen, see what they think again.
Apologies, guys, for starting the space a little bit late.
Sometimes we're not in control of these things, but you guys can go ahead and share the show, share the stream and all that good stuff.
Click the spaces tab. Once you guys do that, you'll see right above all of our profile pictures, that nice little link that says x.com slash spaces and bunch of numbers and all that stuff like button retweet all that good stuff helps bring more
people in here helps bring us more out into the algorithm and all that good stuff and uh spaces
are recorded as always and if you missed yesterday's show do yourself a favor and listen to it when you can we streamed for about four hours it was
quite insane man anytime we start seeing even more volatility pick up whether we make new range lows
or new range highs people get excited they go back onto twitter and they want to see what's up, see what people are thinking.
And that's what makes markets entertaining, man.
Volatility, volatility, volatility.
Since Trump has gotten into the office, there have been very small moments where we're just
range-bound on assets. We might be range bound on something like select majors or select indices, but outside of indices, outside of majors, there's always something going on six months now, we've seen things like energy skyrocket. We've seen things like
oil skyrocket. We've seen things like gold and silver skyrocket. We've seen things like
hyperliquid going absolutely ballistic. And we've seen some of these data centers off of their lows
going ballistic as well. So there's always something going on unlike 2022 where there
really wasn't much to do unless you were shorting um and most of those shorts produced gains within
a couple of hours they weren't really shorts that you were able to hold it was a very
quick and volatile bear market where you would see a big vol event and then nothing would happen
and then another big vol event and it was usually based on headlines um and of course you had the
oil trade for the first half of 2022 um and after that big bounce in summer and then basically
flatlining until early 23 when ai and all that stuff started going crazy but since the
queues have been flatlined there have been multiple things to do crypto there have been multiple
things to do even though in crypto the ceilings aren't as high there's not much opportunity uh
the volatility at least in majors despite them sometimes being in a range for a month or two before the next leg down.
There's something to do if you're a scalper.
But really, unless something big happens in Tradfire, there's a crypto-specific event,
the case for a bottom to already be in is quite strong.
And I do think if we haven't made new lows in crypto by the time Warsh gets in by
his first week, I think it's pretty much just off into the races. And you'll probably see
new altcoins come out that pop off to billions at some point. But nonetheless, Evan, what's going
on, bro? How are you? Hey, what's going on, man? you hey what's going on man just eating some
empanadas here enjoying my time in argentina you know um but yeah i mean hate to be the bringer of
kind of bad news but we did hit the year-to-date anchored vwop you know that's going to be a big
point right around 76k um you know when you look at bear market rallies, general bear market rallies, and for the record, I do think there's a good shot Bitcoin could have already bottomed out.
General bear market rallies, somewhere between 20-30%.
Bitcoin, you know, 27% almost that we've jumped so far since the February low.
I think in all likelihood, this could be, this could be potentially the start of our crab market.
We've been kind of in a crab market since the February low, very sideways.
And you may reject from here and potentially come back down over the next couple months for a potential double bottom or higher low sometime between May, June, July.
That three-month period for potentially
Bitcoin. And I think that that could be a good macro place for converting, you know, spy shares,
XLE's been in a bull run. I was debating converting my XLE over into Bitcoin or converted my gold over
into Bitcoin. But my XLE I'm holding on onto for now. It's still in price discovery mode.
It still looks attractive to me. Like you were saying, Wabi, there's always a bull market
somewhere. I mean, hype still has momentum. I mean, I missed out on hype. I would have loved
to have gotten, I wish I got in on some momentum changes back in, you know, earlier this month,
I would have been up, you know, 30%, which is great for a month. You know, I don't know if I
would buy hype necessarily at the moment,
but if you do, I think you got to follow that momentum
and if the momentum changes and turns more bearish,
then there's more cause for concern.
But I don't see why, you know, there's always a bull market somewhere.
So even if Bitcoin does have a correction, ETH has a correction,
it could still keep running potentially to 50 or, you know, back to that old all-time high. So it's definitely
something to keep an eye on. I know we've talked about Tau. A lot of people have been talking about
Tau. I'm a little bit more concerned on that. I'd rather mess around with hype because Tau jumped up
now. It's hitting like such a major area. Sometimes these things get slaughtered during these, you
know, kind of crab markets, accumulation phases too. So I think the best,
you know, ETH is probably the best altcoin, still the safest altcoin to gamble on, or let's say
long-term invest on, hype being probably number two right now, but you got to babysit it. You
know what I mean? A lot of people like BM&R for the, you know, the ETH proxy. I like it too,
man. I mean, I've been selling cash secured puts on that. I haven't gotten assigned any shares
yet, but I have a feeling I will at some point, or I'll just take my four or 5%, four or 5% a month
doing the wheel strategy with options for that. In terms of Bitcoin though, you know, I think this
could be, you know, I could be wrong. Maybe we'll go higher, but I think this could be a good short
opportunity. Actually, if you want to try to go back down to 70 K pretty low risk, high reward,
depends on, you know, what type of person you are, you know, what you're doing.
Not any type of advice, though, but my short position from that year-to-date anchored VWAP,
such a major area right at 76K.
So, yeah, I mean, DCA from now until, I mean, this would be something that satisfies
probably both the Bulls and the Bears now because the Bears think, you know,
we're going to go down until October or whatever, a lot of them down to 40K. But if you DCA from now until
kind of then would work perfect. If you're a bull, you would DCA, you know, theoretically on the way
up and you'd still make money, you know, either way in those scenarios. That's a big thing to look
at. S&P 500. I mean, yeah, I would assume this would probably come down a bit with Bitcoin over
maybe the next couple of months, but nothing too, too crazy.
And that doesn't mean Bitcoin has to make lower lows or necessarily lose 60K if that if that does happen.
I mean, Bitcoin, you know, is that 74K S&P 500? Is that like 6700?
I mean, S&P 500 could go down to 6K in Bitcoin.
You know, maybe Bitcoin just goes down to 65 or, you know, 62K again, you know.
So it doesn't have to be that catastrophic like some people may be thinking. But I think that
when you look at like Bitcoin against the dollar, Bitcoin against the S&P 500, Bitcoin against,
you know, all these potential other things, I think you're going to see somewhat of a double
bottom over the next few months, potentially. I think May, if I had a guess, could be that
potential month where, you know, you see a red april then you see some red in may and then that's kind of your you know
kind of higher low second bottom potentially for bitcoin i mentioned xle i think that's one of the
biggest bull markets that you're still in in terms of trad fi um obviously the biggest bull market
you're still in in terms of crypto would obviously be hyper liquid right now so i mean there are
certain people that's kind of a rookie mistake i hyper liquid right now so i mean there are certain
people that's kind of a rookie mistake i'm not going to say any names there's certain people
that consistently try to like short these things they'll talk about how they short oils for all
this stuff and i mean usually you're better off you know i mean i used to make those mistakes years
ago too but usually you're better off to just try to chase momentum and have stop losses and have
plans in place you know based on your momentum,
based on those type of things. Because, you know, I mean, there's sure there's the saying,
there's no money like short money, but it's always kind of with a plan and usually just
chasing things to try to short them that have gone up a lot. Again, not going to say any names,
but there was like somebody who, you know, obviously a well-respected trader who kept
trying to short freaking silver all the way up. And I mean, they claim they made money, but it doesn't really make logical sense when you keep trying to
short and the thing keeps going freaking 20% higher every couple of days. I mean, there's
better ways to do this, you know what I mean? So that's the thing to look at there. But I think,
yeah, to sum it all up, I think Bitcoin will see probably either a double bottom or a higher low,
you know, within a few months here. I could be wrong, but I don bottom or a higher low, you know, within a few months here.
I could be wrong, but I don't think 80K or, you know, 83K is very likely. If you were to make it
up to, let's say, 83K, that's a major momentum shift. And then we could talk about bull market
back on all season, you know, new all-time highs into the end of this year. But until then, I would
remain, you know, consolidation phase. So So yeah, that's what I got.
AI guy, what are you saying, bro?
How are you?
You're on mute, AI guy, if you're talking.
Yeah. you're on mute ai guy if you're uh if you're talking oh boy oh the spaces might be acting up norton what are you saying bro how are you man thanks for coming on how are you feeling? Wabi, brother, how are you?
How's everything?
I'm doing great, man.
Dude, how's Dubai?
Man, I'm in Europe right now, man.
I'm in Europe for a little bit, escaping the war, escaping the bombs and stuff.
So, no, I'm chilling, man.
I'm happy to be alive.
Yeah, dude.
So what's going on with this Bit bit bit tensors subnet stuff man
have you been dabbling um on the subnet like with templar and stuff like that
i've been dabbling but to be honest with you i took most profits when subnets just went live
it had a massive bull run in the beginning and I wrote that wave but it was very high risk
personally and I just decided to step out at the right time and it's been like months now
and it's starting to the subnets are getting bullish again man it's it's really interesting people are really getting more conviction I mean that's what you always have right if
ecosystem launches an entire new feature people get scared whether or not they
should commit their towel but yeah you just see like the subnets and the companies building on big denser to just working on actually
Creating value right and if it's only the the subnets that are creating value that
How do you say it that's what people are putting their money in. So, but personally, I'm still, I'm only exposed to Tau right now.
Not too big on subnets.
I'm still researching it.
I'll also be at Proof of Talk this June in Paris.
And also many subnets will be there.
And it will be, a lot of the BitTensor folks will be there as well.
So I'm looking forward to that and also learning some more
and meeting some folks from the ecosystem to talk shop.
But, yeah, I'm just happy to be in town, man.
It has gotten a big relief rally.
It's been doing pretty well.
So I'm really happy about that.
But, man, I don't know, man.
Have you seen the news that the SEC just dropped?
What news is that, man?
There's always nothing going on with them.
Yeah, yeah.
So, they dropped this massive clarity bomb today.
And pretty much, I'm still reading into it right now but what paul atkins
basically said most crypto assets are not securities right so after like 10 years of
everybody just tiptoeing around lawsuits and stuff it it's starting to look like they're just
becoming uh just taking the boot off our necks basically
yeah it just released man it just
released like 10 minutes ago or something
I think this is a very good
potential foreplay for
the Clarity Act
because
the SEC and the
CFTC have also teamed up for this.
So you no longer have the SEC versus CFTC drama,
which is a good thing.
And I don't know, Evan,
I think you're kind of bearish for the midterm.
But with the news that's coming out right now i think uh we may be in for a
surprise man i do think we could have bottomed yeah i mean i think we bottomed you know likely
on microstrategy likely on bmnr bitcoin as well probably ethereum in all likelihood but
i i think it's going to be consolidation man like i don't think we're going to 90k or 100k like probably maybe quarter four maybe but i think we got to consolidate
again and i think that would be more healthy too like um because if you if you run back to 100k
like i feel like you're gonna people are gonna want to sell there because there's a lot of people
probably underwater like at 100k or above 100k so i feel like we just want to consolidate
a little bit like i'm more of a crab market type guy like i feel like the bulls and the bears are
wrong man like we got to get the crabs in the house you know i mean
anybody has a connection about crab city yeah yeah no no no i see what you mean yeah you
Anybody has a connection about crap city. Yeah. Yeah. No, no, no. I see what you mean. Yeah, I think
Yeah, there's something to say about that, but I'm a long-term kind of guy so I'm not too concerned with what's happening now
This year like I'm totally fine with the craft market, to be honest with you.
Yeah, I get it. What are you saying, bro?
Yo, can you hear me?
Yeah.
The spaces are just, like, acting so messed up today.
Dude, I have a cold.
I'm struggling with a cold right now,
so I'll probably be a little brief today.
That's why, that's probably one reason, like a typical boomer, I'm not a boomer, but, you know, I forgot to unmute myself or whatever.
I agree with what Evan said earlier.
I do think we're in a bear market, but, you know, if you have a long-term outlook on Bitcoin, and if you're not looking at charts 24-7 or if you're not a full-time investor, buy it, hold it, accumulate it.
If it goes to a million in 7- 10 years, it's a good buy.
I'm starting to see some retail people post on buying MSTR.
And I think STRC is really interesting.
I'm watching that.
But I do think it's too...
I saw a post someone selling their data center equities for MSTR.
I think that's about trade.
I think there will be an optimal time to trim some of the AI exposure if we see some real exuberance, like a 3-4X this year, at least is what I'm gunning for.
at least is what I'm gunning for.
And depending on where Bitcoin and MSTR are trading,
that could be an optimal time.
It's probably a lower probability,
but in the event that that happens,
I'm excited to potentially add MSTR for the first time
later on this year, like Evan said.
I do think Bitcoin is more likely to trade sideways and crab.
I think if it wicks down to $59,000 or whatever,
I don't think it's going to be that painful, honestly.
I think the true pain is just staying staying sideways for you know six nine months
at least uh but there is always a bull market somewhere you know my name is now bitcoin ai guy
ai is clearly you know in a bull market i got a lot of uh you know a lot of the uh newbies bulls
were uh talking shit yesterday you know they were pumping this
new like 27 billion dollar deal with meta and uh my you know bitcoin mining stock
uh senses were tingling yesterday right like these are infrastructure placed fundamentally
and uh i was like there's going to be an atm or some sort of convertible
announced imminently like that was my gut feeling and it happened today like they're they're uh
noobious uh announced that they're raising a couple more billion dollars and you know these
are the same guys that were making fun of irons uh6 billion ATM, right?
So I found it funny.
I made a tweet this morning.
It pissed off a bunch of Nubius bulls,
but it's to be expected.
I think what's interesting,
I think this news came out yesterday,
OpenAI made an announcement saying they're no longer going to be
like a data center developer.
They're not focused on construction anymore.
Right.
They're just going to be focused on leasing and, you know, developing their their model.
Right.
Like that's what what their company's goal is.
Right.
They're not a construction company.
Right.
I suspect.
Nubius Nubius is going to do the same thing at some point,
right? I don't think this is a construction company, right? I don't think that's their expertise and they're over promising to their investors that they're going to build out gigawatts
and gigawatts, but this is not who they are, right? I think some of the smarter,
nevious bulls acknowledge this
and they expect the company
to just do a mixture of leasing and owning.
But my gut is telling me
they're going to just pivot to leasing
and try to, you know,
just try to focus on what they're good at, right?
Which is software.
And, you know, there's not many
vertically integrated companies that can,
they're trying to do both, right?
That are building data centers
that can actually build on time and uh you know have a competitive advantage in in the cloud business so
that's why i'm really bullish on iron at this particular moment and i know a lot of crypto
guys are saying like well look if iron pumped you know 15X last year. The stock looks way too hot, right?
But the opportunity that they're going after
is a trillion dollar opportunity, right?
They've got a ton of power
and their expertise is construction
and being innovators on the on the data center level
right and a lot of bears are saying well look their technology is old they're just a bitcoin
miner yes most of their revenue is coming from bitcoin mining they are you know buying blackwells
not the uh vera rubens which is not like widely available yet uh but they have data center data center
infrastructure that's air cooled right now uh that they can retrofit into you know uh
you know building out those uh b300s and plugging them in and running them profitably right so that's
plugging them in and running them profitably.
Right.
So that's that's my bull case for for Iran.
I'm very much focused on Iran winning again this year.
And, you know, I have, you know, pretty low expectations for Bitcoin.
But like in the event that we do see a breakout.
Yeah.
I mean, why not all time highs?
I just think the probabilities are lower, right?
I think if you're positioned in growth names,
a low Bitcoin price is a gift, right?
Position yourself for growth, accumulate Bitcoin consistently,
and if you're good, you can add more Bitcoin incrementally.
If you're top 1%, most people are not.
You know, most traders will lose.
But I think, you know, if you play AI the right way,
you could multiply your Bitcoin, right?
Like, or at least incrementally add more more Bitcoin but
you know not financial advice I've been really focused on this one niche market
for a couple years now and I think you know it's just getting more exciting. Evan, do you have any of these names or have you traded them?
Like, um, iron, Nibius, stuff like that.
Um, so I don't follow it too, too closely.
Um, I missed out on obviously the last run on these.
I haven't looked at Nibius.
I know iron and I think, yeah, there's definitely good fundamentals long-term.
Um, I mean, I'll be honest. Like when I look at IRIN compared to Bitcoin, it doesn't look attractive at the moment, like solely because it's up like, you know, 800% against Bitcoin as well as 800% against like micro strategy or more as well.
I mean, I know that doesn't necessarily could keep going.
That doesn't necessarily mean that like it has to dump that much against these.
But I'm just trying to find what looks most attractive to outperform Bitcoin.
And things like MicroStrategy just look a lot more attractive to outperform Bitcoin right now as well as BMNR.
But that could absolutely change in like three four five six months so
definitely going to keep my eye on it and i mean if i'm wrong then yeah i'll own up to it yeah
bob i'll admit it i mean i just i i i like it you know but i just think it doesn't look as
attractive to me at the moment if you get what i'm saying you know speaking of miners what's going on with hud 8 ai
guy they're doing the same thing similar things to iron they have a large they how does that og
right like they've been around multiple cycles they own bitcoin right uh they spun out a company
called abtc which is like uh you know the trumps are a part of uh don jr and eric trump
or uh you know executives and officers of the company and uh hud is positioning for ai right
i mean they've got deals with anthropic and and other major players uh smaller market cap than
iron but if you want that exposure that's just that's one of the
many players uh all of the bitcoin miners have essentially pivoted right so hut was early on
uh to that and uh they you know they have a large pipeline of power
yeah they were they were one of of the only ones that were also
running in
2025.
Is there like management
like is Sue leaving or something like that?
I'm seeing that on my timeline.
Yeah, that's where she's going.
She was the
investor relations
leader at HUD 8 and
she's moving on to be a president of a
different AI related company.
Wasn't she like the main face of it?
Like the,
like the voice of it or am I wrong on that?
We're communications,
right?
She was investor relations lead,
right?
But she's not the CEO.
okay.
All right.
Well,
Norton bro, but crypto specific um do you just like dumped all of your towel like you're done with it no no no not at all man yeah those sub nuts man like
how pulls back five percent and then they all go down like 30 to 40 percent man um are you talking about subnets or or tau i'm talking
about both right now um if tau pulls back like these subnets just get absolutely clobbered and
templar is probably like the only one that it you remember polka dot and kusama that's what i'm
kind of comparing it to like if tau is gonna to still be a thing over the next like two years,
then Templar is probably like Kusama of sorts, right?
Because isn't Templar kind of like, it's like the beta,
kind of like how Kusama was the beta,
where if you want to build a subnet or in Polkadot, if you wanted to build a parachain, you can build on Kusama first and then deploy it on Polkadot.
Is the dynamic kind of the same thing, or am I just wrong on that?
Actually, I'm not too deep on Templar, man.
I mean, I've been having people DM me to research that one, but I haven't bought into that one yet.
But from what I've been seeing is,
like early this year when Tao was taking a major hit,
subnets were still doing pretty good, man.
Or I mean, late last year, I mean.
Subnets were actually going up while Tao was going down.
And that's what's adding to the conviction of people right now,
because they're starting to see the subnets as some sort of safe haven
to still keep their dollar value intact while Tao was going down.
But to be honest, to tell people like okay you should buy this subnet or the other
it's still it's it really depends man it's not all about
whether or not a subnet is good utility or not it's still all speculation
yeah i feel i feel you on that man that was an interesting run dude what happened
with uh dot and kusama um it's the only parallel that i'm able to draw it to but um i understand
it's just a completely different uh different beast and dude tau was on a downtrend for over two years
and then all of a sudden it just started ripping and um there's this thing right it's bad tech
until the price goes up when price goes up it's good tech and that's that's understandable dude if if if a token is in a downtrend for more
than two years and then it receives any sign of life uh there's excitement and then you kind of
have to see all right is this just a massive dead cap bounce or is this actually the start
of a higher time frame uptrend and a big big level for Tao that it's been struggling to break out of
over the last few years, over the last year, excuse me,
over the last year has typically been right below or right above 400.
And it's kind of like that range that ETH was in, if you remember.
It's kind of like that range that ETH was in, if you remember.
ETH, for a fat minute, struggled breaking out 4,200, 4,300 for a while.
And then we finally had that breakout, that small, tiny breakout last year.
Oddly enough, it happened in August, man.
Who would have thought that you would have a major topout in Q3?
Seoul also topped out in Q3. Seoul also topped out in Q3.
Usually you'd expect it to happen in Q4,
but the cycle, this previous cycle,
has been a strange one.
If you weren't rotating, you just did not perform at all.
And now that a lot of attention has escaped this market,
now is the time to see what is coming next.
And to me, I'm not sure if you've taken a look at it, man,
but I think Deriv, I mentioned this last Wednesday and Thursday,
I was talking about Deriv, DRV.
It's like an options play on chain.
And most of the volume on chain for crypto options
happened on Deriv.
And the only other platform that beats Deriv on Vault and it's Deribit, of course.
Deribit is like the OG crypto options platform.
And when you want to talk about volume coming into crypto and new liquidity coming into crypto,
we already have DEXs.
We already have perpetuals.
We already have on-chain stock trading.
The last piece of the puzzle is options.
It's the greatest financial instrument in all of markets.
It is options.
The options market and Tradfly bring in so much volume.
It's astronomical.
So have you seen DERiv by any chance, man?
I haven't seen it yet, but I will check it out.
It's not a micro cap.
It's not a micro cap at all.
This thing
has a market cap of well over 100 mil
and it's on Kraken and on base.
That's usually the two main markets where to get it for
where to get it from um and i think deriv uh recently did like a 75 mil options block
which isn't really much but um for crypto it's a start, right? With things like tokenized stocks,
Synthetix Network started that on ETH.
Evan, what are your thoughts on crypto options, man?
I don't know a 2-2 well.
I've only done it.
There's some exchanges.
I think what is Bybit you can do, obviously, options on Bitcoin.
Yeah, I mean, you could do options on Ibit, obviously, on TradFi.
I mean, I think it's a great idea for the wheel strategy with selling cash-secured puts on Ibit right now,
or MicroStrategy, or even BMNR.
I mean, obviously, you've got to be more careful with something like BMNR.
But yeah, I mean, it's kind of a no-brainer, especially if you think they work the best when you're in a crab market,
especially selling options because you're getting essentially 4% a month usually
or sometimes even 5% a month depending on what vehicle instrument you're doing and your strike price and all that.
But, I mean, that's pretty damn good.
You know, you can't really get that anywhere.
And if you get assigned, you get the shares at a cheaper, cheaper amount. So essentially you get Bitcoin at a cheaper amount.
I mean, in terms of buying options, like, yeah, if you're trying to get, you know,
letting time invalidate you rather than, you know, yeah, I mean, there's, there's ways to do it like
that. I mean, I like more of the old fashioned kind of, you know, trading like the leverage
trading, you know, the, the OG type stuff like that better.
Um, I'm not the biggest expert on like buying call options or buying put options.
I've, I've bought put options, like short stuff, but, um, yeah, I mean, I just think
the opportunity for like, it's a much better, like that's a, I mean, I've been doing pretty
like the past, like since I've been doing it since the 60 K kind of drawdown a month
ago, I mean, I, I didn't get assigned any shares
yet for the things I've done it on, but that's like a 5% return essentially in one month. I know
everyone's going to say Bitcoin was up more than that, but I mean, I'm betting it's going to be
more of a long-term crab market and my stuff that I'm making, you know, that I'm in kind of the bull
market on are, you know, it was gold. I recently converted that back over to Bitcoin. Gold was up
30%, but XLE, you know, other things going up. So back over to bitcoin gold was up 30 but xle you
know other things going up so a lot of great strategies there options especially for things
on ibid there are there are a lot of great new opportunities and i mean you're saving on fees
too because let's be real like the fees are bad everywhere just buying on spot except maybe like
kraken pro like i mean but wabi where do you buy, like, just spot crypto?
I mean, Coinbase is kind of, after 10K, you got to pay those bad fees.
I mean.
Yeah.
I mean, dude, where I'm at, I could just buy crypto in person.
You need to know people where you can actually conduct business with, bro.
I try to avoid exchanges as much as
possible if i'm being honest um the last say what sorry to interrupt but buying it in how is that
safe can't someone scam you so easily i mean it's people that you've known for like a long time
that's you know people that like work within the industry i'm his dealer just say it wabi i'm your
dealer yeah a dealer dude and like if people want to throw shade then i'm sorry brother like
you would not be able to buy btc back in the day um you would it was mostly just peer-to-peer you
would have to go on some obscure website and send messages on a forum board.
I think the last time that I actually like bought any amount of crypto on an exchange was like 2022, dude.
That was after FTX.
I bought some soul at like 15 bucks um and then i bought again at like 10. um that was
basically it dude that that was it um most of the other stuff came through airdrops or just buying
in person like airdrops were pretty big in 2023 dude that arbitram airdrop
was massive um same thing with the jupiter airdrop in 2024 um so did you have the solana phone wabi
i had the original solana phone i i never actually got the phone but that was my thesis on soul
but that was my thesis on soul um as it was bottoming out and i remember i was i was live
here on spaces with trader xo like the day that soul i think it happened like live on spaces
and um it's over on our youtube channel actually i think it was like our first show of 2023 just
go on our youtube channel then go and playo World Radio, and then you'll see that.
I should probably do a better job.
I should probably do like clips and all that stuff.
Just to highlight these certain moments on Spaces, man, because they've been God tier.
But anyways, we were talking about like everyone wants to say that soul's dying or
to short it when it's down like 95 plus percent if anything now is the time to buy he set it on spaces
and um i don't even think the phone was even out yet i think they had like sneakers and stuff i
remember that like the solana shoes i remember that was trending during that time
um because they had the whole like solana store merch and all of that which i actually went there
and it was actually pretty good man it was actually pretty based nice layout a lot of
cool interior designing and a lot of interactive stuff like you would go inside the store and then
they would have these like little mini games on a pad and you would win inside the store, and then they would have these, like, little mini-games on a pad, and you would win, like, $20 in Seoul.
It was actually pretty dope, man.
I mean, looking back, right, $20 in Seoul back then was, like, $2 Seoul or $1.5 Seoul.
So you basically got a couple hundred bucks for free, man, just for playing, like, little mini-game.
If you remember, they were big into like
metaverse surf stuff and all that um and they had some of that stuff but um
what was it that you were asking evan
you you yeah i was i was just like how the hell are you have you like just bought crypto
i guess you know a lot of people yeah just period to peer yeah so like but so you're not buying obscure stuff that no one owns i guess like
no it's just like like sore eath man well mainly just like mainly just soul uh so i mean i i've
tried that but everybody starts lowballing me they're like yeah man like soul will be uh or eth will be like two grand they'll be like i'll give you 1500 for you know what i
mean like no trying to lowball my ass i mean usually usually like conferences like these
like small local events um you can usually like meet some people but um i would say like if you
spend long long enough time in the ecosystem you you'll always have a set of stables.
And I think it's also really good to separate your portfolio, some long-term stuff, some stables, and then some stuff that you run up on chain.
I think you should always have separate accounts, in my opinion.
Also, I think everyone should have some sort of
bridge in equities um and i know i i usually have my opening statement talking about equities as well
but um spaces were having massive issues and i don't even think like most people can hear us by
the way um had issues going live and all that but we take a look at equities dude micron and sandisk
are at all-time highs and we were discussing last week like we're not sure i'm not sure why anyone is
still soy jacking over oil when you have things like sandisk and micron that look like they want
to go into price discovery and both of those names have blasted since then. And it's the thing,
right? There's always a bull market somewhere. And if you're bullish on AI, then you always want to
go for the suppliers, right? You always want to go for memory space. Memory space is another one,
right? And that's where Sandus conducts business.
Micron, I consider that like NVIDIA beta.
And Cryptoland always has this characteristics where a lot of it is like late stage thinking, right?
It's oil only after it explodes x amount of percent pokemon cards
same thing the korean stock market the same thing um there was another trend as well before that i
think with with gold and silver same thing um because most of the volume that came into Hyperliquid when Gold and Silver were blasting on weekends, they came from new accounts.
They weren't accounts that were actually there live.
So CT is typically late on some of these things, usually.
Same thing with memes, right? Like the boo-boos were going crazy in early 2025.
And then there was a coin that was launched on Solana months after that virality tapped out and it hit such a low ball ceiling.
So crypto natives, sometimes they're very late on trends.
Crypto natives, sometimes they're very late on trends.
Like right now, I'm not really seeing any Sandisk or any Micron, but I'm take a look at oil and you know that oil is usually
a momentum trade that's mostly driven by news and this whole thing with iran
it's it's a tension right now it's it kind of feels like a parabolic top, like everyone's talking about it.
It's everywhere, right?
And so you have all this macro doom and gloom going on, but you take a look at Bitcoin and
you know that anytime oil rallies hard, it's kind of like Zcash, right?
When Zcash starts going parabolic, you usually start seeing some major weakness.
And during oils and those energy companies, their first initial spike, you started seeing weakness in majors.
And that's what brought us down to like 60K on BTC.
And then the volatility was pretty much trash. But you'll see after oil had that local top like a week ago, the strength in crypto has been quite impressive.
So what do you think, Evan?
I guess the similarities between oil trends and Zcash trends and how that correlates to crypto.
There's usually some sort of weakness, and we're just not really seeing that right now.
Yeah, I've never even really studied that too much. I mean, the main thing I knew about oil
was usually it's the last to peak like towards the end of a business cycle before kind of a
recession, but that's not even relevant because it's been so many years like that
oil peak last like in a weight. I mean, I'm more of somebody who follows XLE a little bit more.
Cause I feel like a little bit safer when I go long on that rather than oil,
because the oil is so fricking volatile with everything like XLEs, you know,
actually profitable companies, but yeah, I mean that pattern, I mean, yeah,
oil has been coming down a little bit now it's coming back up. I mean,
there's people who've been trying to to short oil
but i mean i that's kind of mixed you know mixed view i you know the thing with that is like i
there's better trades to make than trying to short oil in my uh kind of opinion um i do think bitcoin
will come down i think probably oil will come down a bit though as well. Yeah. So they'll probably both come down a bit if I had to kind of guess here. Oil doesn't look like oil could
surprise us, especially what's going on geopolitically. I mean, if you're, you're kind
of shooting in a, you know, you're shooting in a dark room, you're shooting, what's the phrase?
You're shooting without aim. You know what I mean? If you're trying to short oil now, because
we don't know what's going to happen geopolitically but i
think bitcoin going down is more you know kind of more likely to that i mean there were people that
took the long on oil before it dropped off it was like a the burlitt there was some good bullish
pattern on that but yeah i mean i don't know it's not something i i'm still in my xle you know i'm
just trying to ride that up you know similar to kind of what happened in uh 2022 to a
certain extent i think xle in 2022 oil peaked in june i believe i think xle went on a little bit
longer if i'm not mistaken or or outperformed oil you know kind of after june 22 so that's the thing
i like still kind of in price discovery mode you know no blow off top like we saw with oil so i kind of like that better right
now so so how do you guys um see like the geopolitical situation uh like once oil
stabilizes like usually risk on returns right so what do you think like when trump uh
So, what do you think, like, when Trump starts making some progress with this war, potentially, like, ends the chaos for a bit, do you still think if oil stabilizes that Bitcoin will go down?
Because maybe I'm just too bullish, guys, but, yeah, how do you guys feel about that?
I'd say V-reversal to all-time highs, man.
Like, the moment everything just stops.
But I don't think it's going to stop.
I think this is going to be, like, a multi-year thing.
And if war, like, a full-scale war does happen
and they send boots on the ground,
I think it's going to be um like operation shock and all and you just
like honestly you buy some calls on sandisk and it goes to a trillion in market cap
um same thing with hood that's that's what i think the move would be
um those are like the main beneficiaries i think most of these alts are just completely
fried um and I think the Bitcoin probably goes to like like 160 170. I just did there are way too
many crypto proxies and like no one is buying sats um as far as like normal retail right they're gonna buy mstr they're
gonna buy um ibid calls they're going to buy hood um they're gonna buy ai names they're gonna buy
iron all that money could just go into spot bitcoin man um and it's just not going to it's
it's mostly going to be ibid flows so that's why my ceiling is kind of it's kind not going to. It's mostly going to be IBIT flows.
So that's why my ceiling is kind of a bit lower.
And I don't buy this whole like Bitcoin is going to take over the Rothschilds bank or all that stuff.
No, that's just that's ridiculous.
And honestly, like I.
I'm going to call this FUD Tuesday, guys.
It's not FUD Tuesday. It's just like all we really have is sailor and ibid flows and one man can only take us up so much um
it's a lot harder to grow a pie from like two trillion market cap to four trillion
than it is from running it from a hundred billion 1 trillion, you know? And I would say you're probably going to
have a lot more stocks going to hundreds of billions in market cap than you're going to see
coins trading at tens of billions. I think that's just a regime that we're in with Trump.
I think that's just a regime that we're in with Trump.
Unless Zerp and QE happen, which probably won't until, I would say, going into the halving,
but you would need a massive stock market correction for QE to happen.
QE happens at bottoms.
It doesn't happen at tops.
That's what people need to understand you would need the s p to go below
6 000 for qe and zerp to occur and look at where we're at right now we're like barely four percent
away from retesting the highs on the spx so for now it's just an asset. It's an asset picker's market. So over the last few weeks, just look back and see what's outperformed and maintained strength.
And it's things like hype.
It's things like Sandisk and Micron.
What happened to the consumer staples, man?
What happened to Coca-Cola?
What happened to the other names, dude?
Tech is not going anywhere, especially with things like geopolitical tensions and all that stuff.
They're going to be using tech.
Tech is going to be supplied more.
War creates jobs.
It's job manufacturers.
As messed up as it sounds, all this tech is going to be even more in demand.
Pounds here, up and to the right.
I know Evan agrees with me on that.
When you take a look at the valuation between Palantir and Ethereum and what's going on right now,
and you'd say like, all right, are people more susceptible to going to DeFi right now?
Or are they more susceptible to want a piece of the pie because
big brother is growing more and more and more surveillance is growing more and more ai is
growing more and more and ai does not destroy jobs as much as people think because ai requires water
and that requires blue collar work blue collar is up and to the right, QE and ZERP jobs are straight down in a straight line with no relief bounce.
So as much as people want to say AI reduces workforce, there's also the other side to that coin as well.
AI actually does require human labor more than people think.
If anything, AI is going to turn us into robots
into workforce into work monkeys um but those are my thoughts on that what about yourself evan
i mean yeah i mean he kind of yeah there's a lot there i think yeah you're mentioning like pal i
think obviously bitcoin looks more attractive than Palantir right now.
Like I could see Palantir like kind of rolling over and making a lower low into, you know, summer, later summer, even later this year.
I think something like that that's come up so much, like it probably would have a little bit more of an extended bear market than Bitcoin.
If you look at the Palantir, excuse me, MicroStrategy versus Palantir chart,
that's like a full bubble pop pattern. I think the obvious choice would be MicroStrategy.
So yeah, I would kind of guess that MicroStrategy and maybe even Bitcoin would outperform Palantir
for the next couple of years. But obviously, a very good long-term play would be Palantir.
You mentioned Sandisk. It's funny, too, because some of the same people
that were trying to short Sandisk and got mauled
and now they're trying to short oil.
Maybe they'll be right on that.
But yeah, these things could potentially,
it's upward momentum.
These things could potentially go upward,
especially Sandisk.
I don't know if I would FOMO in right now.
It's not even something that, to be honest with you,
I know enough about the company.
But I think that's some of the best traders I know that
have made like, you know, an absolute killing, you know, I'm talking like 10 X's, you know,
without any leverage or options or nothing too fancy over the next, over the last like two,
even just two, two, two and a half years, you know, it was just following these momentum trades.
So yeah, I mean, I agree, man.
Yeah, there's potential, definitely potential.
I mean, you've got to play it safe.
You know, you can't be a complete, you know, FOMO, you know.
You can't be a clown with it.
You've got to, you know, have some knowledge and some discipline.
But there's opportunity there, yeah.
oh what are you saying about robbie robbie real quick what was your view on oil you're
thinking it could go up more i forget your i think it's top dude i think it's done okay
gotcha yeah um it was last monday and i'm like yo this thing is done for. It's either done for or it does that marginal high
that silver did. It's like, all right, people have been going on Hyperliquid over the last
two weeks to buy silver and create price discovery on weekends. And then if you go on hyper liquid you'll see that it traded close to the 2022 top
um and then that monday i'm like yeah i think it's either done for i think most of the momentum is
is done like you're not gonna get oil to 200 uh you're just you're not going to get oil in 200. And I also live on Twitter.
And I see some of the biggest fades talking about, like, I am long oil.
And that was after it pulled back from 110.
And it had that, like, drawdown when Trump said something.
If you remember, Evanan what did he say
last monday it went from like 120 to like 80 bucks uh he probably said he said the war was over or
something right was it something like that forget i think it was something of that nature yeah it
was like it was a small taco it was a small taco and so um usually after something like that
you get like a complacency shoulder or marginal high and um i remember we had that first inflow
from hyperliquid where there was like a bunch of volume coming in uh to buy cl right which is
the crude stock it's like it's basically crude and um i'm like all
right this thing probably has a chance towards the 2022 highs but after that like you kind of
want to go somewhere else and then it pulled back and then you have that bounce from like
80 something bucks to the like 92 93 and you had certain people say i i told you so i told you to
buy oil no one was right on oil and hype like myself and then i'm just like my god everyone
wants to talk about like the one thing that's trending only after it has its big move. And then they don't know that like,
that's when you start to,
that's when you should start to look at things to rotate to.
And if you look over the last week,
what are some of the names that are up a lot?
You take a look at Micron,
you take a look at Sandisk and you don't really see that.
So to me,
that says that like my edge is is is still there like there
is still an edge to be made in these markets there is still liquidity that's flowing in these markets
like you take a look at sandus dude a double digit gain for a company that has a market cap of over
90 billion that's a lot of money bro that is a lot of money that's like that's like if chain link
has a 2x candle in a week bro if chain link pumps like 50 in a day i dude i guarantee you you will
have so many people saying oh dude i told you about chain link i told you about chain link or
whatever but i guess that's just our little corner right you see a high cap going up over 20 percent
you just cut out wobby unless it's my on my end can anybody hear wobby
yeah i can't hear uh wobby either yeah wob damn, these spaces be rugging you, man.
It's kind of like these people that buy Chainlink and it jumps up 100% in one week.
We're buying Tau right now, and I'm just kidding.
Who knows what will happen?
But yeah.
Man.
Yo, Evan, you're here. There we go.
Yeah, now you're here. There we go. Yeah, now you're here. As I knew it, Spaces like rugged on like on the BB account, like on my phone.
So I knew this was going to happen, man.
We're still live, though.
So that's good.
Yeah, yeah, yeah.
You know, like when your screen just goes like completely dark on Spaces good. Yeah. Yeah. Yeah. Like, you know, like when your screen just goes like completely dark on spaces sometimes.
Yeah. I'm sorry, guys. I knew this would happen. I said this at the start of the space.
There were a ton of people that were not able to hear me. And I knew that because when I was speaking, like the mic thing wasn't blue or whatever, and some
people weren't able to join or they were getting kicked out.
This happens at least once a week.
But anyways, we'll continue the conversation tomorrow, guys.
Norton, Evan, AI guy, thanks for coming on.
Unfortunately, like the space is going to be ending a bit sooner than I'd like it to
But guys, if you've enjoyed the stream over the last hour and a half,
go ahead and give us a follow.
I'm sure most of you guys that are tuning in right now already do follow us.
I see a lot of similar names here,
but shout out to all of our new followers that we've gotten from yesterday and
some of the streams from last week. Hope you guys enjoyed the live stream or are listening to the recording right now.
Pretty sure it's going to be one of those like one of those spaces where like a lot
of people aren't able to hear and they just listen to the recording. That actually happened late last year,
I think in December,
where most people were not able to tune in,
so they just listened to the recording.
But thanks, Norton, Evan.
Thanks, AI Guy, again.
But as I was saying, guys,
if this is your first time tuning in,
you've enjoyed the content
over the last hour and a half or so.
My name is Wabi.
I go live here on the Because Bitcoin account, talk all things markets,
whether it's BTC, whether it's all coins, whether it's TradFi in regards to
whether it's stocks, whether it's commodities,
whether it's lower timeframe, mid timeframe, higher timeframe price action. We talk about it all.
