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Market Talk: Market Views for 2026. Bitcoin, Crypto, Macro, and bonds
Recorded: Dec. 30, 2025 Duration: 2:07:01Space Recording
Short Summary
As the crypto community reflects on the past year, discussions highlight Bitcoin's historical performance, potential price movements for 2026, and the cyclical nature of market trends. While concerns about declines persist, there are also indications of growth opportunities, particularly in privacy-focused assets like Monero.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Oh my god. Thanks. Thank you. Please break your back! hey Oh, my God. I'm going to go fast and I didn't ruin what I'd do because
I'm going to explain the world that made your makeup
It's up to the un-native, run yourself beyond the state
So you carry on
All you pay, all you get
All you pay
And my place here is I yeah
Oh my God.
Oh my God.
Oh my God.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes. Yes. . I'm not going to do that. Thank you. I hope you can. I hope you can. I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can.
I hope you can. I hope you can. Thank you. I'm alone, I'm feeling so I'm gonna find your pride! All you've been down, all you can't around
All you've been down, when you're running on
I don't play, I need something to be
I want to feel it to me, I want to feel it to me
I need you on the sky, I need you to rise Oh, my God. All right. man
knocker i haven't seen you in a long time brother it's gonna be a fun show this is uh completely unexpected man but
uh i'm gonna just go ahead and give the intro then we can go ahead and get started um but i
don't even know if we should even be going live tomorrow to be honest like price action is just
gonna be flat it's just gonna be pinned to the floor um probably until next week man but and i figured
for today's show we can dubiously speculate on uh how next year is gonna turn out we have uh the
yearly close occurring in about uh what is it 24 in hours, we're going to have the yearly close for BTC occurring.
So if we close the year below 94K, or I think it's 93.4, 93.5, we're going to have a red yearly close.
Now, here's the thing, right? Throughout BTC's history, we've never had more than one red year.
So it begs the question, how is the next year going to pan out?
And if you guys tuned in to yesterday's show, I think it's going to be quite volatile.
I think we're going to zigzag in both directions, kind of like a massive Darth Maul of sorts.
Honestly, if I had to throw my neck out there, I'd say probably 48K all the way upwards to like 150, some crazy stuff like that.
There are some people that think that we're actually going to go below 40 000 perhaps anywhere
from like 25 to 35k um i don't even know what that would imply for the s p just given the massive
market cap that bitcoin is trading at i think uh it is a top 10 asset globally um but hey we had a silver essentially have the volatility of an altcoin
yesterday i think silver had a day where it corrected like 10 plus percent uh which would
equate to a single so to a single day of volatility for bitcoin of 25 30 percent probably even yeah about 35 30
for something like btc um just given how much more little the liquidity is on btc versus something
like silver where even though silver um has like i think it's like 2.2x more than the market cap of Bitcoin, Bitcoin probably only has like 15 to 20% of the liquidity that an asset like silver does.
abysmal today just it seems like they just press the pause button man it literally seems as if
crypto has this massive pause button and equities are just probably going to close around these
levels and um i mean we're looking at a year-to-date gain for the s&p of like 12 13 percent for the yearly for the year from from opening uh tick to closing tick i just want
to make sure that i'm right on the money with that one so no actually no the s&p is closing
um at over 15 percent that is a phenomenal year man an absolute phenomenal year but anyways got
a whole bunch of guys up here got david prometheus louie
naka i'm gonna pass it on over to naka first before i do that i just want to welcome you
all back to market talk welcome welcome back guys whether you're listening to the recording whether
you're here live with us i want to thank you i want to thank each and every single one of you
it is new year's week um a lot of people are on vacation, probably just tuned out of markets.
And for the right reason, we've spoken about this late November, early December, typically
the second half of December is basically muted with the exception of a few low caps, either
The exception of a few low caps, either in crypto or in stocks.
in crypto or in stocks.
And I think for the first time ever, we've actually seen a few high cap assets, specifically
commodities, precious metals, rallies extremely hard.
Now, I understand there are some market veterans that have been trading markets for decades
that are a bit worried about this. Typically, when you see such massive overperformance on things like precious metals against indices week over week, it does it does tend to shake up markets quite a bit.
But we'll see if that happens.
We will see if that happens.
A lot has happened this year that has shocked people.
Things like crypto massively underperformed.
Things like low-cap stocks as well.
The IWM didn't really do much against things like the Qs.
I think year-to-date, I'm looking at the IWM.
The IWM year-to-date has actually underperformed the S&P.
to date has actually underperformed the S&P.
And historically, if you look back at the last few decades, low caps do actually tend
to outperform high caps during a post-election year.
After the election year, you do have a wave of froth.
Speculation is priced in at lower cap assets, trying to front run policies and all that stuff.
Earlier this year, we had Trump's big, beautiful bill.
I think the next bills that are about to be signed is,
I think it's the Market Clarity Act,
and that's things relating to crypto and all that kind of stuff.
We also have Trump's announcement next week in regards to the Fed chair.
So likely over the next few days, it's probably not going to be a lot of stuff happening, man.
But either way, guys, if you guys can go ahead and show some love to the space and all that stuff, click the spaces tab.
Then right above our profile pictures, you'll see that link that says x.com slash i slash faces smash up the like
button hit up the retweet button all that good stuff helps to bring the show more out into the
algo and i'm gonna pass it on over to naka dude bro i haven't seen you um more than like once this
year dude i think the only time that you came on the show and we spoke was uh
right as the market bottomed at 74 how have you been man welcome thanks not bad um yeah i mean
i've just been busy with real life stuff um i mean you know like if you look at where things
are in the cycle now this is probably the second or third month of
the bear market um people i mean obviously people are going to say oh knack is always bearish
but the truth is most of the easy gains happened um before like the first before the second half of 2024, right? Like, if you were doing anything in crypto
after, you know, Q2 2024,
you were, like, really fighting an uphill battle.
Even Bitcoin made a marginally new high,
but not by much.
So, I mean, I would call, basically,
I would call, like, the sort of top of the cycle
in terms of, like, where the sort of top of the cycle in terms of like
where it sort of momentum topped
as like
you know, late 2024
and everything
since late 2024 has been
And for alts, probably Q2, right?
Like early Q2 for alts.
Yeah, I mean, depends which alt you're into, but just
alts have been, like the only alt that has actually done anything thing is fucking zed cash. Can you fucking believe that man?
Can you believe that like f no all apart from zed cash and okay like solana earlier on?
But no major alt has actually had a bull market
it he hasn't really had a bull market right like it just a bull market yeah pepe's like on chain
Eve hasn't really had a bull market right like it's just a bull market
you know i mean that doesn't really count you know just the major alts um you know you could
you could like if you got in in 2020 into like everything that was just a major old coin. It was like, it was basically like a free cocaine party.
You were just like popping 20 X's just for being here, just for turning up.
And this, this run, that was basically the only one, the only way you could
succeed is if you, if you bet the farm on Zedcash.
And I saw one guy who actually did do that.
Um, who just posted like in, you know, 2020,
late 2023 or something like,
haha,
wouldn't it be funny if Zed Cash was the only one that pumps,
I'm putting like half my portfolio into it.
And then like,
you know,
a couple of weeks ago,
he just posted like a single tweet,
which is like retired.
I'm done.
And got like,
you know,
lots,
lots of likes,
but basically,
you know,
it's been rough for alts.
It's been extremely rough for Ethereum. It's been rough for alts it's been extremely rough for
ethereum it's been rough for crypto overall really um i think what you know there's there's a sort of
meme that's going around now that basically crypto is starting to grow up right you can't
rip 20x's just for like you know tripping over your own shoelaces and your head hitting the
keyboard whilst you're logged into coinbase because that's what it was like in 2020. And that's what it was
like in 2017 as well. If you literally opened Coinbase, tripped over, had your hands and your
head fall and you smashed all the keys and just like went into a coma and then like, you know,
woke up six months later, you just like 20x your net worth. Um, but you can't do that now, right?
The things have got more efficient, you know, being a full-time crypto guy is kind of, you
know, more and more people try to do it.
So it also people on the sell side have become much more, uh, predatory.
So I noticed there was like the Monad launch, which your Monads like legit tech, right?
Like they are legitimately doing something
interesting and complete like it was a complete can you sum up what they're doing in like two
sentences basically they're doing a bunch of the database stuff that the ethereum devs should have
done in the first place like you know ethereum still processes the blockchain single threaded
and all sorts of just really
kind of like basically stuff that if you're a dev, if you do computer science, if you,
if you do programming, it's like, yeah, obviously it should be multi-threaded.
Obviously.
Right.
Because most computers nowadays have like four cores or eight cores or 16 cores or whatever.
And the Ethereum blockchain is sitting there processing it like on a single core and letting
the other 31 cores just sit there idle. just kind of basic stuff like that um and they've built
a blockchain called monad which is fast and yeah the launch was just a complete fucking disaster
it was like it was it was like that scene out of saving private ryan right if you were buying monad
on launch you know what i'm talking about where they're all in the landing craft and the doors open and the german machine gun just mows them all down
like that's what the monad chart looks like
knocker where have you been brother we miss you bro it's true though thanks i appreciate it's true
though right i mean it's been a tough it's been a tough, it's been a tough run. I think it's over for Bitcoin. The one thing I'm not sure about is maybe, maybe the majors like Ethereum and Solana kind of pull off a decoupling in 2026. But I'm not buying because I'm a bit risk averse. But I do recognize that as a possibility. And the reason I would say that is stable coins are probably going to take
off in 2026 in a big way.
Um, the problem is you can't leverage long a stable coin, right?
Which is kind of the point, right?
Like the, the, you know, like as long as it's something you can just fucking
leverage long and dump on retail, it's not really a grownup industry, but if
it's like a stable coin that somebody can actually use to pay for something you know that's actually like useful and the industry's grown up right
it's kind of a contradiction in terms you know everyone wanted mass adoption yeah okay you've
got adoption it's stable coins okay you can't make any money out of it um ironic
ironic yeah we we had circle run for a little bit back in june um i mean hey we have an airdrop
the the jupe airdrop happening in a few weeks so we have that to look forward to even though
everyone's gonna dump it we also had lighter tge i forgot to mention that they're like a
hyperliquid competitor um that was a pretty easy airdrop like if you
got a couple hundred points then I mean that was a nice like little stimmy man um I don't really
think much of it pre-market buyers got absolutely hosed and rinsed so like crypto specific as far
as launches go there's quite literally nothing uh to look forward to man but dude naka what are your
expectations for 2026 as far as like like a bottom or a top like do you think we're perhaps
somewhere in like february of uh 2022 where we hit 33k rallied to almost 50 so perhaps that 33k level is 80k that we hit earlier this month
and i don't know maybe that 48 49k level is like 97 98k somewhere along that line i think that's
possible i mean you have to be careful because like remember you know each cycle is probably
going to play out a different pattern i don't think the
pattern is going to be the same um remember that you know when you were there in 2022 people were
looking back at the 2018 cycle and they were like well what's the 6k level that we're going to keep
hitting and then eventually it's going to break and have we already done that and you know so you
never quite know but i think if you're
going to compare it to the last cycle the indicator so i have a custom indicator based on uh rsi uh
sort of like a multi-time frame rsi and the the part of the curve that it's most similar to
it's most similar to is like late January, 2022.
Um, and if you look at the more standard things like, um, MVRV ratio and stuff
like that, it will also tell you that it looks a bit like January, 2022.
So I mean, my, my expectation is that Bitcoin eventually finds its way down
to about 37K.
But, you know, that's making two assumptions.
Number one, that we are in a bear market.
Number two, the historical patterns play out as they have before.
And of course, the third assumption is like, well, you know,
you don't know the path, right? So we could, we could just rally all the way to like 130 K right now.
And just imagine how sucked back in everyone would get.
And then, you know, that's it.
Then it's the bear market.
It's always possible.
You can't rule it out.
I'm basically just sitting in cash because I'm like, look, the only real
alpha that I have left is the Bitcoin cycle.
I don't really know what Ethereum is going to do.
I don't really know what Solana is going to do, but I know it's not cheap.
I don't know what any of the other altcoins are going to do.
But I do know that Bitcoin is expensive.
And I do know that historically in the cycle, that's been a bad time to buy.
And also if you look at the TradFi stuff,
that actually doesn't look very good right now.
Um, it looks, it looks kind of late cycle.
Like when you see silver putting in like a blow off top, you know,
that's like, that's like stage five of the business cycle.
That's like, that happens near the end.
Right.
Um, so yeah, I'm just going to sit in cash. I mean, yeah, I've watched some Ben Cohen videos and he's chilling palladium, which actually looks pretty decent. If you look at the chart,
palladium looks like really good. Um, but I'm just busy with real life and that's why I haven't
been on space as much. I've moved house. I've got some medical issues I'm working on.
I'm trying to lose weight.
I'm trying to, you know, just get all of this stuff done IRL.
And I think, honestly, I think people are going to be rewarded more for being active in crypto 12 months from now than now.
Yeah, I feel you on that, man.
I mean, even if there is like a multi-month downtrend,
that's kind of slow and painful.
If the last three months of price action are indicative of what's to come
until like Powell leaves, at the very least, right,
just as we saw in 2018 and 2022 there's probably going to be a few uh
long opportunities but they're just really short as far as time frame uh in 2022 those first few
months you could have played cosmo stuff and nfts uh the summer you could have played the 3ac dead cat bounce and um even buying doge like
after the eth merge and i think doge went up like 70 80 90 something along that line before ftx
collapsed um 2018 also had a few long ops but they're very few right and the amount of winners
from those like little counter little counter-trend rallies
in a select few cryptos are a lot smaller than the amount of winners
that happen when, like, the market rewards dumb money, right?
As it did in Q1 of 24, which I would argue was probably, like,
the easiest time of the cycle.
Yeah, I mean, anything in 2023 or 2024 was was good
basically you were good no matter what you did do you remember celestial bro like i i thought
i remember i remember them saying the tier trannies remember the tier trannies the tier trannies are
going to the moon and i got my airdrop i got i got my tier airdrop i sold it at 20 and people are now
calling me a transphobe right man dude if dude i think if btc actually breaks the uh the bt the
etf high at 48k it probably happens in a single day where bitcoin's down like 30 plus percent man um
yeah like i at least like at least until we break like i would say 65k which is uh like near the top
end of the range of that 2024 five-month range that we were in, most of the volume that occurred happened between, like, 61, 65. So if we break that, I just think it's like a whoosh, man. And that's the bottom,
to be frank. At least that's how, like, most of these downtrends end. Always in crypto,
always in crypto whether it's like a local down in august good yeah i i think if you're under 45k
whether it's, like, a local downtrend, like we saw in August. Go ahead.
and you buy that's like golden right i think it's going to go to about 37 but that's like a very
like you know maybe maybe not you know could be it's it's hard i thought i thought we were
going to hit 140k in the bull market right now it turned out that's pretty
close 125 and 140 are actually pretty close but i mean it could be could be 42 could be 45 could be
35 right hey let me ask you a question man if someone buys mstr stock um does michael
sailor have to buy bitcoin or no i know it's like whatever i don't think he has to i don't think he has to
buy it i mean all you know the the sailor is all quite complicated um basically i think like the
retail of this cycle of the trad fi people and the kind of like you know they buy mstr and other
stuff man they they bought they yeah they they basically, the retail of this cycle,
people who longed MicroStrategy on their TradFi account, right?
So they just bought MicroStrategy shares,
and MicroStrategy pulled off like a 20X or something.
That's how Koosh made it, bro.
Koosh made it, and he walked away, man.
Oh, no!
Yeah, dude, and he sold near the fucking top, bro.
Imagine that, dude. Dude, how did you get out the phone? and he sold near the fucking top bro imagine that dude look at airmas dude airmas has not
been on social media in a month and a half he made it dude he bought palantir at like three
bucks because he likes his hair dude you know and that that that's like that is the most ironic. Yeah, I mean, yeah, it is. I think they were made one of in 2022. We're actually the ones that made it. Yeah. It's probably going to be the same way next.
It always is bro. It always is every cycle, every cycle, the veterans from the previous cycle, who think they know what they're doing, they buy the wrong thing.
Because like the thing that the veterans buy, it just isn't going to pump, right?
Like you need retards to pump.
And it's very hard if you're a veteran to get into the minds of the retards,
like,
you know,
who,
who are the retards going to be next cycle?
Well,
this cycle,
it was basically the people who didn't even,
who didn't go on crypto exchanges,
who didn't go on chain.
It was the people who only had like,
you know, some kind of brokerage
account or you know whatever they were buying stocks and shares and they bought microstrategy
because microstrategy was exposure to bitcoin without having to touch all the on-chain stuff
which is difficult for them it's kind of like how in 2020 you know in 2021 like the first big retard
pump was the binance ecosystem because you had a
bunch of like people from the third world and like you know rednecks or whatever who didn't
want to do ethereum because it was expensive and slow but like binance was fast and cheap so they
did that and they just redid all of the ethereum stuff on binance smart chain it all giga pumped
right so this this time it was the MicroStrategy trade.
I mean, the way that the MicroStrategy trade goes wrong in the long term
isn't actually that Saylor gets liquidated,
because I think he's set things up pretty well.
It's basically all of the copycats.
Because, you know, as soon as Saylor,
like Saylor made this incredible money printing machine
that worked by
basically arbitraging the fact that a lot of the money in the world doesn't want to touch the chain.
They only want to use their tradfire account with their fucking bank or their, you know,
whatever it is that they're using to access that. Right. And so he just arbitraged that. And he said,
okay, you can get bitcoin exposure through me
and i'll give you all of these different sweet deals where you don't have to be exposed to the
volatility and he made an absolute fuck ton and you know that's that's basically what really pops
but the way that goes wrong is that a lot of people saw sailor doing that and they're like oh
if sailor can do it i can do it so you have a lot of competing saw sailor doing that and they're like, oh, if sailor can do it, I can do it.
So you have a lot of competing, you know, what are they called?
Digital asset trusts or whatever.
Um, for Bitcoin.
And now that was like little three AC bro.
Yeah.
Little asset treasuries were like a three AC echo bubble.
Basically.
Yeah, basically.
So that, and what's, and what's happened is a lot of these other ones
don't have a deal that's as sweet as sailors and so they're actually more at risk and you know if
you have like a bunch of these different digital asset trusts and they all think a bear market's
going to happen right if you have like one of them it's sailor well his incentive is to hold
he's like okay there's gonna be a bear market, but I'm just gonna hold my Bitcoin. Cause I'm not gonna, I'm not gonna get liquidated. I'm
not like some D general leverage trade, but if you have 10 of them, right. And they're all holding
a little bit of Bitcoin and they all have, you know, uh, they're all below nav, right. You know,
so that basically they can all sell Bitcoin and the one who sells it first
will make the most money, right?
Then basically the game theory of that is they all want to sell, right?
And this is what's going to happen.
This is why I think it's going to power the bear market of 26.
If it happens is these digital asset trust, all dumping before the others do.
And sailor will be left holding the bag.
And I don't think it'll go, you know, I don't think it'll bust, but people,
people, I think it'll get bad.
I think people will.
Basically, I've had people tell me that they unironically think Bitcoin is going to a million dollars in 2026.
And imagine what somebody like that is going to think if it does go to like 40K.
Anyway, so I think that's what's going to happen.
I think TradFi looks a little bit wobbly at the moment.
Unemployment ticking up.
The AI trade is kind of, um, probably topping locally as well.
Like Oracle's, you know, like corporate debt started to blow out.
There are basically a bunch of people who borrowed a bunch of money to build data centers
and some of them like google are very well capitalized and some of them like oracle are not
um so i think there will be a bear market both in crypto and tradfi i don't think it'll be like
the end of the world level bear market but that's how i think bitcoin will get to where it needs to get
that's just my take i could be wrong um but i think this cycle has kind of gone roughly as i
expect it to the one thing i didn't expect which i'm really kicking myself for now is i expected
there to be able to be an alt season right i expected like eventually there will be an alt season but it just totally didn't happen um which kind of sucks um almost all of the major alts that you can buy on a
centralized exchange have been a shit show even the good ones even the good ones have been a shit
show like imagine how many people have lost money on like ethereum over the past 12 months just getting like you know
sawtoothed around between like 4 000 and 2 000 and that's got to be absolutely not and i haven't
lost any money on it i bought eth in like 22 and 23 and i sold it for a profit and i didn't touch
it that's actually you know i i made like, I don't know,
100% profit on each ETH, but that's not very good for crypto.
So, yeah, I mean, it sucks.
It is what it is.
And, you know, I honestly think that there's just,
it's just going to be like 2022.
There's going to be a lot of like 2022 there's gonna be a lot of
ways to wreck yourself um and not a lot of ways to make money like the whole the whole of 2022
there were there weren't many money making opportunities like the best one i had was
actually shorting luna on the 3x leverage token that was the best trade i had that year um that name just haunts me bro luna my god dude yeah and i remember
the strategy too man like the consensus and i was a part of that consensus too and i have no shame
in it because honestly if like you say you have a perfect track record encryptor i think you're
just lying but consensus um in like march april of 22 when l Luna topped out was I'm just gonna buy Luna at three
to five bucks two bucks and that's like the giga make it play right I'm just gonna buy Solana at
40 bucks 50 bucks I'm gonna buy a vax at $25 right those were like the price targets that were being thrown around on those spaces and
Golly Avax never came back
Luna basically went to zero and
all Solana did was make
Like a deviation all-time high that lasted for like five minutes because the president of the United States launched the meme coin, bro
You know like it was it was a tough cycle i will say that unless you were um like on chain the only the only way the
only way you really made it this cycle was you just went all in zed cash and said it i have faith
god loves me zed cash this is zed Cash cycle. And you're right.
I feel you on that, man.
Yeah, I think it even outperformed Solana.
Sol went from $8 to $290, $295 in two years.
I think Zcash went from $15, $12, all the way to $700 or something like that.
But before I pass it on
over to prometheus i'm just gonna go in order as far as like who popped in the show here and i'm
gonna consider this like the end of the year show just because like people are active today and
there is that they're actual speakers too so i'm just gonna get it out of the way but
knock as far as like your timeline goes for 2026 your price targets
and all that stuff um do you think all that concludes as powell leaves office or do you
think perhaps like all right if trump actually wants to get us to qe and zerp which i mean the
guy loves qe he's he's gone on X when it was called Twitter during his first term.
And in 2019, he flat out suggested that the Fed should do, quote unquote, a little bit of quantitative easing, QE.
And we all know if QE and ZERP is going to happen, that policy does not go into effect near all-time highs at all
qe and zerb usually happens when the s&p 500 nasdaq all the indices are like 20 percent
below their all-time high qe and zerb actually is it actually happens like at the bottom
not near all-time highs man so what's kind of
your time frame for some of the targets that you have and uh like what what are some price targets
that you have for all coins maybe like a hyper liquid that you'd be interested in buying regardless
of what btc does right like for example myself if iquid at like, I don't know, 13, 12 bucks, 11 bucks, 15 bucks, I would buy that thing regardless of where Bitcoin is trading at.
Because I know this thing is going to be at 100 plus dollars.
If crypto is actually going to sustain like a tech platform that's actually going to generate a ton of money more than it does right now like two
three years from now i'm probably not interested in hyper liquid uh i i missed it this cycle
so i generally wouldn't buy something that i missed and hope it has a second cycle because
most things don't have a second cycle um i could I could be wrong on that, but so I think in terms
of Bitcoin timelines, I think we bottom between July of 26 and like October of 27, it's quite a
big window. And I don't know, I don't know how that actually plays out. I don't know what it
actually does in that timeframe, but that's,
that's basically like an sort of 18 month ish timeframe.
And I think it's between 37 and 44 K again,
it's just sort of,
it's kind of like a,
like a box that I'm drawing that I think would be a rational place for
Bitcoin to find a bottom.
I think the more difficult call is actually like sol and eth because i think i think actually
i would buy solana and i would buy ethereum i'd probably be a bit more interested in ethereum
but i think both of the both of those are interesting the problem is they're quite
crowded plays uh people are still very bullish on both of them and And I think it would be nice to see like an Ethereum,
like real sentiment bottom. I don't know whether we're going to get it though. Like Ethereum and
Solana could sort of decouple from crypto and just become like, they could basically become
like Google and they just keep going up like just grinding up forever um like that's
that's what will happen if you get actual adoption so it's basically do we get adoption
in the next 12 months or not if we do get like real adoption i think you get to grind up you
never get to buy it if we don't get real adoption then you get to sort of like place your bets and you get like an ETH that like,
you know,
sub a thousand,
maybe,
I don't know.
an assault,
like sub 50 or something again,
I don't know.
But like that,
that is,
I think what you probably should try to do.
The thing is though,
it definitely depends on what's happening,
right?
Like if there's a,
if there's like a sort of general crash of all markets,
it's probably a bit safer to buy because like, you know, things are down
because like everything's down.
Um, in terms of other coins, like it's, I kind of like near, um, near has been
kind of my, my little hobby horse this cycle.
And unfortunately I, you know, I got a decent entry, but then the whole, like you had that
leverage wipeout, everything got wrecked. Um, and I ended up selling it to loss, like
not a very big loss, but I sold it a loss. I like near, I like the tech. I like the team.
Um, I want to pick some of that up. Um um i think you could justify maybe some of the old
old school stuff like maybe arve or something but again like you know you probably just if
there really is a bear market you probably just want eth and bitcoin um and you know place place
your bets accordingly place you're placing bets, not just on the execution fundamentals, but you're also
kind of placing your bets on how.
Extractive crypto becomes like, does it just get worse and worse where you never
make any money on anything, even if you're right.
Um, and the only things you can make money on are just complete random pumps.
So basically, I don't know.
I do want to buy Bitcoin.
Um, and I want to buy it at around
40k and it's gonna be
Between about 6 and 18 months from now
It's crazy bro, like
Stocks are uh, a bit more pbe than crypto is
It's really ironic man. Yeah, it is it's incredibly ironic we came to
crypto for the pve but we actually should have been buying metals right like metals have been very
i mean dude like crypto people or we could have been buying 600p palantir and just printing as well
well you know that that i'll say bro that i'll say palantir would have actually been
um like uh like like a good play and i actually think dude over the next few years i think hood
completely outperform solana i think hood actually goes to a trillion in market cap well before Solana does
I've got my reasons for that
Solana
Man their whole like fire dancer upgrade is like
It's always it's being pushed and pushed and pushed and pushed but yet
It's not actually live and that eats away into its market cap all the insane emissions validators dumping and i mean if i mean if pump fund doesn't pump fund is like micro strategy on chain right
if pump fund isn't making uh all-time high revenues then solana isn't really going to do much kind of like with a micro strategy right if michael
sailor isn't buying more btc uh quarter by quarter however amount of however however amount of time
goes by when he makes his big purchases if they're not bigger than the last one matt made a a pretty
good statement on this then mstr stock is probably not going to do much and it's probably
not going to affect the btc price as much and and i will agree man like a lot of retail people um
they'd rather just buy mstr um or getting some ibid calls there are many people that had the laser eyes
in 2022 bear market and they flat out said like dude i'm just gonna buy a bunch of ibit i'm gonna sell
my btc buy a bunch of uh ibit um when i want to get long btc i just want to get some ibit leaps
and you know it's all this all this like hidden tools of leverage that don't really have direct
uh btc impact price versus buying like just spot bitcoin man and that's why you had these clean runs
in previous cycles because people would just buy spot bitcoin they would just buy spot bitcoin
but anyways man uh like i said i'm just gonna go in order as far as like the speakers who came up
here and all that stuff um so i'm gonna pass it to prometheus
bro feel free to give some of your thoughts man i won't really ask any questions because
yeah bro i'm not gonna tire you out like that bro if i just ask you questions anytime you got
up here dude i'm sure you just want to like pass out yeah it would be a snooze fest i'm not gonna
do that yeah be like but it'd be like passing the Fent cartridge, you know?
Yeah.
People are getting too far ahead of their skis and being taken out to the woodshed, man. Yeah, yeah, yeah.
Taken for a ride.
Yeah, there would be too much grizzly bear action going on.
No, I mean, you had a great point with the whole, like, IBIT.
And, I mean, David can touch more on it david's much more uh inept
in in the whole discussion on you know the reason why um you know ibit has kind of destroyed a lot
of a lot of the you know volatility that we love here in crypto but i want to more so touch on the
fact on what i'm going to buy at quote unquote, the bear market lows, right?
And to me, and we've been touching on it for quite some time, but to me, everything to me is dead
until proven otherwise. I'm not committing to a single coin. I'm not committing to a single
position until the time comes. And if those and whatever name speaks to me at that time that is showing me that it has strength, that it has attention, that it has flows, any of those things, then I will actually look at it as opportunity.
Until then, I do not want to be buying an AVAX.
I do not want to be buying a Polygon.
I do not want to be buying a Synthetix. I do not want to be buying a Polygon. I do not want to be buying a Synthetix. I do not want to
be buying a, I mean, what's another one? Like, what is it? Tezos. I do not want to be in the
camp on, you know, stuck in this cycle's trends because as we know, this is an attention economy.
And if you're playing in an attention economy, last year's trends is not going to be
this year's trend, right? That's just not how it works, right? And so I'm being very, very,
very fluid in my positioning. I'm remaining cash for the most part. I am locally bullish here. I
do think that there are quite a bit of complacent shorts within the
market in regards to crypto. People have not had their positioning tested one bit as of right now.
If you've longed over 92K, you've really not had to worry about it. Now, there's definitely some,
we'll call it, there's a disjointed, this is a disjointed market as of right now.
uh there's a disjointed this is a disjointed market as of right now i mean you see bitcoin
and crypto up right now i mean majors are up a percent on the day and you know when you look at
equity land and everything's red it's just i mean it's a whole lot of nonsense kind of occurring in
crypto right now uh it's a very very very hard market to trade i think that if you were to do
anything um you know or if i were to do anything excuse you know, or if I were to do anything, excuse me,
it would be, you know, sit in higher timeframe, short exposure, and then in lower timeframe,
long exposure. And then if we break below 86K from a point of interest that I've been talking
about for quite some time, if, you know, bulls cannot defend 86K, I think it's pretty pertinent
that, okay, we've broken outside of the range that we've been compressing in.
And you're probably going to see continuation to either side of the range once we do a confirmation of a break outside of this compression.
And the 84K low, if we lose that, guys, we're going to new lows.
because I've been talking about it for quite some time.
I've been talking about it for quite some time.
That's a level where we saw a ton of shorts come in on the board.
Passive buyers absorbed a lot of that short exposure.
Also, when you saw the VIX structure collapse in on itself,
and if crypto loses that level,
and you see largely just kind of this look,
this continues so grind up in equities. There's a clear structural imbalance occurring in crypto
that, you know, it's very much so you got to step away from the game kind of thing
and go try to find new markets if you're a long only trader. Right? I still think that there are some fantastic long opportunities.
I talked about one on the space yesterday, AROC. I love that chart. It's a natural gas
compression company, another name that I think has a lot of potential alongside some of the
other energy plays. If we look at stablecoin dominance in particular, it is a heinous chart. If we go and
look at that chart specifically on the weekly, you know, you would think that we're kind of in this
distributive price action above our, you know, cyclical highs that we set back in April of
this year. But at the same time, you're kind of, of you know is it distribution or is it consolidation right it's
a very difficult chart to kind of derive price action from or I should say directionality from
like I said I'm being patient in in the markets right now I don't think that there's any reason
to be you know super excited to be buying anything right now. I think if you're shorting, you do need to be careful from a localized perspective.
Other than that, man, I'm just, I'm just hanging out. I don't have a whole lot to be adding to
the conversation today. Love to see knock up here. Love to see all the other speakers. We got Max,
obviously, Louie, David, you know, we got, we got everybody up here. So I want to give the rest
of the speakers plenty of time to talk since, you know, I've been on the spaces quite a bit lately.
A lot of people are wanting to buy Hyperliquid going into the bear market. And, you know,
the thing is, is, you know, Hyperliquid can do fantastic from a platform perspective. And that
doesn't mean that the token has to do jack diddly, right? You know, there's a lot of, I think, recency bias going on in regards to hyperliquid.
And that's the reason why people want to be buying it at, you know, quote unquote,
discounted prices that we're going to be seeing, you know, that we're seeing, you know,
quote unquote, right now and in the future. But I'm not married to a bag. I'm not married to a position. I want the market to develop and I want to see what opportunity
it's going to be giving us, you know, over the next six, nine, 12 months before I, like I said,
before I commit to anything, there's no reason to. A lot of people were stuck on the NFT train.
And if you remember NFTs in 23 had a brief moment, maybe like a two to three month
window of opportunity back at the end of 23, where you saw some of those assets appreciate.
But besides that, I mean, those went to zero, right? And that was what a lot of people would
have bet on towards the end of last cycle was, what are you going to get in at the bear market
lows? You're going to be buying NFTs and you're going to run it up, yada, yada, yada.
The same thing went for like AVAX and Chain link and kind of the list goes on and on so there's going to be new narratives there's going to be new metas there's going to be new
discussion points and things to talk about and new geniuses will you know come to the forefront
of the space um and i think you just have to kind of keep your wits about you and be very
quick on your feet and understand narrative change.
And Phantom, I think his Phantom was on here yesterday, but he talked about it.
You just got to kind of find yourself in the middle of it and then make sure that you get out, you know, get out of the room if you're standing by the punch bowl before everybody else wants to exit all at the same time.
So nothing new, I think, in crypto.
I like the adoption piece that Naka
talked about. It's very important that this space does get some form of adoption in a serious manner
and a serious light, because as of right now, the sector is kind of a laughingstock.
You know, there's been discussions over the last eight years how it's going to be the financial
renaissance and revolution. And, you know, this cycle, unfortunately, once we got the quote-unquote
green checkmark of legitimacy from institutions, we went from, you know, building tech and trying
to innovate to, you know, just extracting as much value as possible and taking what 15-year-olds say
and, you know, monetizing it on the blockchain. It was pretty sad, honestly. But I think, like I said, it's a double-edged sword
and it's a revolving door.
And just like, you know, from a cyclical perspective,
just as, you know, the unseriousness, you know, encroaches,
you know, and we've reached that peak throughout this cycle.
I think eventually what we're going to see here later down the road
is going to be a rotation back towards the seriousness and legitimacy.
And I think continuing to be an optimist on this asset class moving forward
is going to serve people very, very well over the next decade. You know, a lot of fear around
quantum, yada, yada, yada. You know, it's kind of like a Y2K thing, honestly, at this point.
So yeah, that's what I got. i would love to hear from the other speakers
hey is alejandro dynight bro is that him yeah yeah that's dynight
oh okay man i thought i was seeing stuff bro um anyways yeah i know you want to hear from david dave what's going on man how
are you feeling going into the new year welcome brother it's going to be an exciting new year
i'm having a um a dog visit someone's coming to visit my dog towards her end i
but it's going to be great for the humans uh there was some discussion the other gentleman
Great for the humans.
There was some discussion, the other gentleman, I can't remember his name,
it was talked about on two occasions he made 100% return on a couple of trades
and one trade that was a slight deficit.
We have to keep in mind we're ending the year at 3.45% on the two-year. And that's telling you that people have so little
confidence in the existence of inflation, creating the opportunity to make a profit in your business,
that someone won't borrow for 7% over a two-year period. The lower interest rates go,
year period. The lower interest rates go. It's not good for stocks. It's very bad for stocks.
And you cannot get across TV and X-Land without people saying, oh no, rate cuts are good.
Rate cuts in the early stage of a rate cut cycle, I'm having a study
crafted to create an animation of this.
The first part of the rate cut cycle is pure deliciousness.
You expand the money supply, you steepen the yield curve,
bank lending is enhanced.
And that's what we saw.
And yields went up.
The yield curve steepened 229 basis points
from the funds to the tenure.
Right now, we just had three cuts, and 229 basis points from the funds to the 10-year.
Right now, we just had three cuts,
the elimination of QT,
$40 billion of monthly purchases,
and the Nasdaq has underperformed the S&P since October 29.
And what's most important is Bitcoin has fallen 30 times as, excuse me, 60 times as much as the S&P.
Bitcoin has fallen 60 times as much as the S&P, and there's almost no volatility in that motion.
We've had the most de minimis level of bouncing, which would have a lot of people think. There's sellers at every level, but not aggressive enough to drive it that much lower than the S&P. And if lower rates are going to be bad for banks, which they are,
and they're going to cause people to do more housing activity, more refinancing activity,
financing activity, forcing the banking system to buy longer-term treasuries, to neutralize
all the CDs and debentures they have because they don't have the mortgages that are being
handed off to new buyers. We got a dollar lift today out of nowhere.
Strong dollar is not good for crypto, it's not good for tech.
So people have to have context. The market doesn't owe anyone on this basis a penny.
It doesn't matter what it did for anybody or what it did for you.
When's the last time Bitcoin was down when the S&P was up. 2014, when Bitcoin was in the tens of billions, not in the trillions.
There's been a 30% loss of equity,
which means the system has more leverage than it has at any time in six months.
And so don't think the market owes you a bounce. When the market's going up, it's good to be with it. But if the market is accelerating lower, you can ignore
it and you could step in front of it. But shouldn't you wait until it stops accelerating at you before you step in front of it?
So start watching the two-year yield as it is seven and a half basis points from being under the next rate cut.
So we went to three and five-eighths.
The next one, whenever it happens, is three and three-eighths, 3.375.
We're seven and a5 basis points above that.
We're melting down, and you're lowering the cost of people
who buy treasuries and mortgages on leverage, called a carry trade.
And the more you lower the rate and the more the carry builds up,
that is not good for banks because banks sell
volatility and they don't like low volatility. So try to keep your eyes and ears open and see
what's going up. Look at these biotechs. They're running over their enemies. You know, look at
some of these health care, some of these staples, some of these interest rate sensitives.
They're running over people, and that's with the S&P up.
What's going to happen when rates in the S&P are down?
They're likely to run over people more because they're accelerating in an upward direction relative to other stuff.
Bitcoin has been the worst performing asset this year
in the world. And so that's a source of funds for every other asset outside of crypto, because
obviously you have a lot of things in crypto that did much worse. You lost a trillion three.
You're not owed anything. What happens if you go to a trillion six,
another 300 billion?
You're going to get another wave of liquidations.
So please, don't look at the glory days
when Bitcoin was a billion or 10 billion
or even when it was 100 billion.
And it could just melt up.
Make something work for you. Don't be someone's whale exit.
You know, watch these yields. If they continue to go down, they must be screaming that credit
demand in the world is declining. And then that means inflation is going to decline.
That means we're going to get lower rates. That means the deficit is going to decline. That means we're going to get lower rates. That means the deficit is going to shrink. That means there's going to be less supply in
treasuries. That means less global capital, global collateral.
And you're going to see a lot of stuff
go up in that time frame. So why not join what's going up
instead of being a whale exit for something that's going down?
Okay, that's it for me.
No, I was pretty based, man.
Prometheus, feel free to ask him anything or touch upon what he said, man.
I know you like it when David's up here, bro.
Yeah, David and I get along pretty well.
I mean, like, I think, David, you need to chill out on the interest rate talk. I
think it's affecting your health. I think we heard it there for a second. Oh, I'm fine. No,
I know. I'm just giving, I'm just giving a shit. I know you are. I know you are. Yeah. No, I mean,
anyways, it's David, what's your thought on copper? I would love to get your thought on copper.
What's your thought on copper?
I would love to get your thought on copper.
I think that we've never had a greater period of policy interference in my lifetime, and I go back to the 70s.
Okay?
The dollar has been held down by policymakers, then Trump banned imports untariffed.
Banned imports untariffed.
There's a tariff on it.
There's a tariff on it.
And then you had a giant landslide in Indonesia or some mine failure.
So I have no expectation that copper is going to do anything wonderful.
Because they think the dollar is going to be very wonderful.
And the point I would make
and why I wanted to go through that is
70% of the world's silver
comes from copper mines.
So if you get a bit of a slowdown
in the world economy
and a little loss of demand for copper,
you're going to run out of silver supply.
So while people are, you know,
poo-pooing and diminishing,
the silver episode,
which I had been talking about well in advance,
that the volatility in silver is rising
as the volatility in Bitcoin was declining,
the swing traders are moving,
they're moving neighborhoods.
You have people just jumping into the silver pits
and going bananas because it's the right size,
you know, a few trillion, not too big like gold,
which I think gold has no shot of having a good year.
Oil has no shot of having a good year.
But you can't get the silver you need
for even the reduced industrial demand
because it comes from copper mines,
and 15% of all copper is being used for Chinese housing 10 years ago,
and we know there's no more Chinese housing
because their population's in collapse,
and their housing sector is two-thirds of the net worth
of the Chinese population.
And if you didn't notice, folks, the dollar fell below seven yuan today.
Like, we don't even know why they're doing this.
Why is China raising their currency, strengthening their currency?
There's only one reason.
They're desperate to hurt Trump.
They're trying to make sure inflation stays around longer so Trump gets
screwed in the midterm. Why else would China, whose population is imploding, whose exports are
getting hurt, you know, because they're not working? Our trade deficit got smashed with them.
We gave up 10 billion last month. That's why the GDP is so strong,
because our net imports are declining. Why would China, which in 2018 whacked their currency 8%
to absorb the tariffs, why are they jacking it up right now? Ask yourself. There is only one
possible explanation. They don't want the deflationary effects of their weaker currency
to neutralize inflation in America,
and they just have to get through June in their mind
because that's when the minds get set on inflation for the election.
Why else would China, whose yield is 1.84% on a 10-year,
why would they strengthen their currency and make their exports less competitive?
Unless it's to hurt Trump.
So I don't think copper has a lot of vitality going into the second half of next year.
That's the long answer.
I think the dollar is going to be
have an unbelievably bullish next year
because as refinancing picks up
it mathematically destroys duration
it mathematically destroys dollar supply
you're shifting mortgages from banks that lever 10 to 1
to pensions and insurance that have no leverage
so we're just going to reduce the creation of dollars.
We're going to run a shortage of dollars.
We're running a shortage of the deficit.
It's shrinking aggressively.
The dollar melts up.
It's not going to be good for commodities.
What happens when this Russian war ends and oil's at 40 bucks?
These commodity trading advisors are going to have such horrible returns.
Everyone's going to demand their money back, and they'll have to sell.
What are they going to sell?
Anything that they have.
They're going to sell their silver last.
Copper is big.
It's industrial.
The rest of the world is a dumpster fire.
But other than that, everything's great.
Would that be bearish for oil then?
I know you mentioned oil there.
I don't see how oil can stay above $50 a barrel.
I don't see any way it could do that.
We have less credit demand globally.
Rates are falling.
It's like a barometer of economic activity.
It's like a barometer of economic activity.
There's an ocean of billions of barrels on the high seas looking to land.
Oil can't stay in the tanker forever.
It goes bad eventually.
So we've got falling demand.
Saudi Arabia will do whatever Trump says because of the Iran story.
Saudi Arabia will do whatever Trump says because of the Iran story.
And if you end this war in Russia,
a lot more oil is going to be coming out of Russia.
Russia is selling their oil around the continent to help India.
It takes a long time instead of their regular customers.
So we're going to shorten the roots at the same time where you're going to let Russia
do whatever. I mean, Trump obviously said to Russia, whatever you guys want to do, you can do
as long as you stop doing it to Ukraine. And he's going to forgive everything, just like he did
with HTS in Syria.
You just got too much oil out there and not enough demand.
So if you got the commodity space going soft, that's not good.
It's holding up now.
You got some volatility, but you don't have a lot of volatility.
Go look at the OVX.
Oil volatility, it's weak.
Gold volatility, not so buoyant.
It's silver volatility that's melting up because there's no money there.
You know, it's a couple of trillion.
The blood pressure of the economy is decaying
we're going in
the global economy is going into a coma
you don't need a lot of copper when you're in a coma
I'm going to need Max to come in here
and save the day
Max, is there any British opium
that you can give us, man?
Anything at all? Anything?
Hey, guys.
I mean, yeah, I definitely can.
Depends how hard you want me to try, I guess.
Max, I need you to just...
You know how I told Prometheus a while back, I think it was last month, as we were declining towards like 80, I would say, Prometheus, just give me your most bullish, I mean, your most bearish take possible.
Wait, you want my most bearish take or bullish take?
No, no, no, no, no, no, no, no, no, no, no, no, Max, please.
Okay.
I'd say, I'd say, please. Okay. I'd say bullish.
So, you know, we've had some people give their bearish takes.
Yeah.
I know Prometheus, he gave a small bullish take as far as a counter trend rally is concerned.
Yeah.
I know the last time that you were on here, Max, last week, you put a post out on your X page indicating that the VFP indicator is starting to lean a bit more cautiously optimistic for things like an Ethereum.
So feel free to give an update on that, man.
Great to have you back on the show.
And yeah, man, we need some bullish hopium now now that we've given uh
some some some other takes man ah i see okay well it's been a it's been a nice show i've
been enjoying listening uh to everybody um so thank you guys for the thoughts. I, um, you know, I don't really have that firm of an opinion. Um,
on December 30th, I've kind of, I was pretty bearish the past, you know, 60 to 90 days.
And I'm holding more cash and have been in less active positions than I have been in a long time.
And I told myself a few weeks ago when I closed out a lot of these shorts. I tried for one more breakdown kind of early in December,
but it was pretty clear that we were just going to be pinned until the end of the month. So
I really haven't had any active positions for a couple weeks now.
positions for a couple weeks now. It's been a little bit mentally recharging, which is nice.
I am expecting some major volatility early next year, which is later this week. It doesn't have
to happen this week, but it's funny, next year is like two days away less. So I am expecting this specifically in crypto,
this little compression that we've been in for about five weeks now to break
next month.
I don't have a ton of conviction right now on like which way I think that is.
I actually, and I hate to sit on the fence post, you know,
and like refuse to share where I think that is. I actually, and I hate to sit on the fence post, you know, and like refuse
to share where I think we're going. But I guess I can explain why, you know, most of my directional
bets have to do with, you know, an algorithmic system that I've built. And I typically just trade, it trades for me, but I, my manual positioning is
really kind of trailing the decisions of the robot, right? That doesn't want price to do something.
It doesn't have a family to think about. It doesn't have a house. It doesn't have bills.
It just operates on a bunch of different data points, right? And it does very, very well.
It did shift earlier this month from Risk Off,
the Ethereum strategy that I have.
It's a fantastic strategy performance-wise.
I think I've published a lot of the backtesting data on my ex,
but if not, it's, you know,
on YouTube videos and things like that on our channel.
You know, it's done incredibly well, this cycle.
It's been risk-off since September 6th.
Specifically, it's only been taking short since September 6th.
And a couple weeks ago, it flipped back to neutral.
So that's interesting, right? From a positioning standpoint,
there is a major slowdown in selling. And it doesn't mean that there's not selling happening,
it just means that the pace of selling, the aggressive selling basically stopped a couple
weeks ago. And it's possible that,
you know, it's really being met more with absorption and more like long positioning to
sort of counterbalance the short skew if it's still there. There's not really a way to determine
necessarily. You know, from what I'm seeing, it appears as though the selling has subsided or it's
more muted right now than it has been since September 6th for Ethereum. For Bitcoin, my system,
it's the same system, much different settings, but for Bitcoin, it went risk off and was only
looking for shorts from October 6th, so four days before the October 10th massacre.
And it's now back in a neutral state. So there is a very clear and conscious shift
that is subtly occurring for crypto majors. And I'm looking at a lot of altcoin charts. Naka had mentioned earlier,
we never got an altseason, which he had thought. I had also thought we were going to get one at
some point. But I also think it's a fallacy to assume that just because we haven't gotten one
so far, we never will. I think it's possible that we do, actually.
You know, but it really depends on what majors do. I spent quite a bit of time this morning
with our community talking about some of the right tail pricing for early next year.
And I do think that there is a lot of sort of out of the money plays for crypto majors,
right tail out of the money plays on majors that are severely mispriced right now. That doesn't
mean we have to go up. They could all expire worthless at the end of Q1, but there's some huge opportunities if we can get some relief
in early Q1. And the algorithmic shifts that I'm talking about, although subtle,
if they do stick the landing and it becomes not so subtle, there is some severely mispriced
or I guess like underpriced or discounted, choose your word, right tail plays that I think could
present some pretty unbelievable opportunity as we head into Q1. Now, what are you talking about?
Which coins? When I say crypto majors, I mean, I mean more just Bitcoin and ETH, but when I say right tail, I'm talking more
specifically like IBIT and ETH, like calls, you know, something five to 10% out of the
money, um, maybe end of February to end of March expiration.
But then specifically coins, like it doesn't really even matter what it is.
Like pick your shit coin, you know, find some on-chain shit coin that, you know, has a LP to market cap ratio of 10 to 15%.
And that's a pretty buoyant setup there if majors are going to recover, meaning you don't have to risk a lot.
And if ETH were to pump 20 or 30%, they're going to pump 10 times more.
So I went from being pretty bearish and cautious the past 60 to 90 days to,
I would say, more cautiously optimistic and maybe even leaning more slightly bullish for some relief
in Q1. But I'm not really ready to like
publicly scream that from the rooftops yet. I'm just seeing some things like there is a clear
shift, you know, that's occurring. It's not my opinion. I'm just kind of narrating the data
points that I watch. Um, so I, I really am just cautiously optimistic, right? Like I'll definitely, if you follow me on X, if I really think we're about to move up hard, you're probably going to find out next week.
If I think we're going to nuke down and clean up these lows, because quite frankly, from like a technical trader's perspective, looking at the Bitcoin, you know, the last six weeks of
Bitcoin's price action, it would be pretty atypical of Bitcoin to just bottom here without cleaning
up the lows. Bitcoin typically is very efficient in terms of like cleaning up, you know, I guess
like vulnerable or like naked lows. So it's, it doesn't mean we have to go
down there. It's just, again, like eight to nine times out of 10, Bitcoin will put in some false
move down. We'll see signs of absorption, like huge outsized sell volume come in, you know,
probably for Bitcoin, it would be, you know, in the upper 70s.
And then basically sellers will run out of steam, will buoy back up to 83, 84, 85, and
then probably see a crazy reflexive snap back to even 100k plus quickly.
But that hasn't happened yet, right?
So it's like I'm narrating and forecasting a hypothetical move that we don't have data on yet.
Like, I wouldn't go in, if Bitcoin drops to 78K, I wouldn't go in there and blindly bid it.
I would wait for, you know, I would wait for some signs of absorption, a reclaim of, you know, low 80s and then, you know, shoves higher.
But yeah, I guess I am cautiously optimistic right now, but I'm not quite
ready to position around it. I'm just watching because we could very easily start selling first
week of January as well. Like, I don't think things look great, but some of the, like the,
the positioning flow that I'm, I'm monitoring closely is telling me that, you know, we actually might be due for some
relief. It doesn't mean we have to. Again, I'll be a little bit more clear next week,
but that's kind of how I'm seeing things right now.
David, you have your hand up, man. Feel free to go ahead.
Yeah, I'm just curious to get the feedback from the last gentleman about how he sees micro strategies reality effect on the market.
I mean, one of the reasons 13 Ds are mandated, because if it wasn't for that, big funds would never let you know what they have.
And this guy, Saylor, wanted to brag about how many coins he has.
It's now trading below the coin value.
How are people not going to start shorting MicroStrategy
to force the company to sell coin and shake loose that coin?
Well, I don't think you can force them to sell you actually can
according to the ceo he himself said it it's out of his mouth not out of my mind it's out of his
mouth he said it's in his job managing shareholder value if strategy goes to a discount to coin
to sell coin and buy it he said it himself on video so please don't attach
it to my fantasy island it's him saying so that's not a legal obligation that's him just talking
no that's not at all him talking he said it is his obligation He could be sued by shareholders for not doing that.
So I'll comment.
I think you were wanting to, I don't, anybody can comment on it, but I think you'd want to.
No, but the point is there's 700,000 coins there.
Yeah.
If you get to a 52-week low, which is not far away from here, and then what are we going to get tomorrow if we don't close at 105?
It'll be the only bearish engulfing candle of all time.
A three-month higher trade, lower close.
That seems like a lot of paper for a couple of months coming out. And then there's no range between the 74, which is the 52-week low.
You take that out and you finish by the end of March, 91 days.
Then you have a three-year sell program ahead of you.
So my thoughts on MSTR, I believe that their cost basis on the Bitcoin right now that they own is about $74K, give or take.
So my thoughts on MSTR.
It's all publicly available on their website.
I don't know the exact number, but it's, you know, I do think, unfortunately.
I do think, unfortunately, it's 75, 75 right now.
It's $75.
$75.
Right now, yeah.
Yeah.
So this is a long discussion.
The micro strategy discussion.
It's worthy because there's 700,000 coins that can be involuntarily shaken loose in a falling market.
It's something to be monitoring acutely.
I mean, I think that it is actually a huge risk to the market. I would agree with you there.
As much as I want Michael Saylor to become the wealthiest man alive, because I love Bitcoin,
I believe he's unfortunately put himself into this conundrum where maybe he's not being pressured right now,
but he's basically dangled his company. He's dangling it out there for the sharks.
They're chumming the water for basically all they have to do to basically
start a hostile takeover of his company
or make him a forced seller of Bitcoin
is to push the price of this asset,
which is really not that large, Bitcoin,
down 40, 50, 60%.
You couldn't be more right, buddy.
You could not be more right.
You'd said it perfectly.
So, you know, I'm torn.
I also, I think it's incredibly unsustainable.
And, you know, people, I. I also, I think it's incredibly unsustainable. And, you know, people,
I think a lot of people do understand what he's trying to do. But the issue is the shareholder
dilution, where they can only buy large batches of Bitcoin when their stock is pumping,
batches of Bitcoin when their stock is pumping, which basically makes them a perpetual top blaster,
as the traders will call it. MSTR pumps, they raise money, and they buy more Bitcoin when
Bitcoin is trading at a premium. When Bitcoin goes down, they can't raise as much money.
Their stock price goes down, their orders become
smaller. It's the worst possible dynamic you could possibly construct in order to achieve
a solid cost basis or a market sensitive strategy around a healthy DCA strategy.
I do very much so worry about it. I believe that their only way out of it is if
Bitcoin becomes further ingrained in TradFi or centralized banking, where MSTR is able to
collateralize a Bitcoin-backed loan with large banks, raise a bunch of capital when Bitcoin's
trading at a premium, pay off all that debt
or restructure the debt, or just sell some Bitcoin, pay off the debt, and then they have
Bitcoin without any debt attached to it, which then is really not a risk.
But I do believe it is a major problem.
I don't exactly know how it's going to resolve.
I don't necessarily, if they do get kind of liquid liquidated it's not going to be some on-chain
liquidation like when you know price drops and all these traders get wiped out it's going to be a
go to court for five to ten years type of liquidation events and it's going to be it
doesn't have to be that it's not a bankruptcy it's just the coin has to come out. It's like paper oil.
People will short the 5 billion barrels a day of paper oil against only 2%, 100 million barrels of physical oil.
And you force a reaction by the Fed to cut rates, lower the cost of money.
by the fed to cut rates lower the cost of money and then a guy who's short paper oil and is loaded
up to the gills with treasuries is making more money on the treasuries than they're losing on the
on the paper oil and it's the same analog you can lose money on the 50 billion micro strategy
force a lot of weak hands out and that will cause the company recursively to try to step
in to buy it by selling the coin but once somebody smells the first coin dislodged from one of their
wallets it's going to be a bear raid yeah the problem and we're already down 30 but nobody knows
where their wallets are because they won't allow them to be audited.
You don't need to know.
They'll report it on their website that they have fewer coins than the day before.
Yeah, I mean, and what that's going to cause is, I mean, if you looked at the pinned tweet on my profile, if you study resonance, everybody finding all the information out at one time, it would be the largest news event.
That's worse. That's a volatility explosion.
Yes.
So this is like the corporate Doquan,
isn't it? That's exactly what it is.
It's like a corporate version of Doquan.
Why are you using such sophisticated words that us
OGs don't even know what it means?
Doquan.
He was a founder
of a crypto project.
Oopsie, sorry.
No, no.
OGitis. I have OGitis. If, no. OG. OG-itis.
I have OG-itis.
If you weren't shitcoining last cycle,
you'd have no reason to know who that is.
But yeah, I do worry about it a little bit.
It shouldn't be a little bit.
It is the single most important thing in the system
having 700K to travel. There's no bid for that. And you'll shake out all these
latter-day buyers. You get to 69,000. That's November 10th, 2021. You know, code reuse,
11 plus 10 is 21. November 11, 2021,
we had 69K.
Do you want everyone to have bought Bitcoin in the
last five years to have it underwater
as equities are getting
weaker? All that BlackRock stuff
is coming out at the same time.
And you got all these volatility
plays where people,
dealers are short a lot of volatility.
That means they're going to get shorter.
Excuse me.
When you're short volatility, you get longer on the way down.
So you have three vectors of chaos.
I worry, I look at the IBIT chart quite a bit, and I do worry about the amount of flows that we saw on IBIT specifically when, because, you know, Saylor's not the only institutional buyer, right? single entity. But BlackRock and a lot of these other ETFs have brokered the sale or acquisition
I worry.
I look at the IBIT chart quite a bit.
of an additional 2%, 3%, 4%, 5% of the Bitcoin supply, whatever the number is. I don't know it
off the top of my head. It doesn't matter. But a lot of these large players and institutions or
even high net worth individuals that never bought Bitcoin on chain, and now as soon as they can buy
through their traditional brokerage account, stepped in to buy Bitcoin in a non-custodial version to get exposure.
When I look at IBIT and I monitor the actual positioning delta, the long delta that's come in. The most crowded region on that chart is basically between $42
and $39 from where I aggregate my buy and sell data. That's a big problem because you're exactly
on the money. So you're talking about through the 52-week low, you're talking about everyone that ever bought Bitcoin in an ETF
underwater, and that would only likely occur while the S&P is being front-run lower by
the NASDAQ and liquidations.
I'm in love.
You talk about love Bitcoin.
I'm a big fan of what's going up, and you're seeing things go up, and a lot of people are
going to move their money from what's not going up
to what is going up.
There's some lunatic on TV with an ad.
His website is buy this, sell that, or sell this, buy that.
That's the name of it.
But that's what's happening.
And so I'm just inviting everyone to see the ocean of supply potentially out there in a Tinkers to Everest to Chance.
That's an OG.
That's the world's greatest double-plate team of all time, 94% conversion.
Tinkers to Everest to Chance.
You get a sailor, a strategy softening.
You get a 52-week low.
You get a strategy discount. You get some IBIT. You got, remember, you got BITK, Matt Tuttle's, long Bitcoin, short zero data expiration. And I think WNTR, which is short Bitcoin and short the put, but you got a lot of volatility out there. And the volatility market of Bitcoin
is near implosion. We're at like 41 or 42. The low of all time was 31 when they went
to an easing bias. Then we had another one, but we're losing volatility. And there are
other places people are finding volatility. And the worst possible thing for Bitcoin would be if the Nasdaq starts to sell off.
Because as the Nasdaq starts to sell off, that's the VXN, right?
Their volatility is the VXN.
The S&P, that ain't going to sell off very much because you have that money going into mortgages, going into lower rates,
reducing the discount of the low beta.
And so you'll see an explosion or an acceleration, that's a better word, acceleration of NASDAQ
volatility versus the S&P.
And who is it going to want to trade where there's volatility?
that's going to want to trade where there's volatility.
You could move it around.
You could move it around.
So if you could move around NASDAQ,
some of the lower tiers,
like Adobe five-year low,
you can move those things around
and you add that to a silver chaos show,
you'll take all the swing traders away from Bitcoin
and you'll take vol down,
Bitcoin vol below its all-time low of 30
which is one and a half percent a day we had three days in a row of a 10
unidirectional move of double digits
yeah so when i when i look at ibit you know the the level to be defended from a positioning standpoint, if we were to go there, is going to be 42.
Right now we're at about 50.
If we do lose that level, though, David, I don't really see what's stopping IBIT from making a new, I guess, all-time low.
all-time low. And losing volume, right? And the volume will die out, which can sometimes be,
And losing volume, right?
depending on what equities are doing, a decent sign of, you know... If it stops.
If it stops, right? But you know, 25 is 80% lower.
Yeah. But, you know, so one thing that I tend to look at as well, David, is you're talking about the NASDAQ potentially leading the S&P to the downside.
Well, it's been doing that since October 29, right?
Right. If you look at the two side by side, you'll see that the S&P made a slight higher high or the NASDAQ made a lower high, right?
I'm just doing the straight numerator denominator.
If you take NASDAQ as numerator, S&P as denominator, that's falling.
And we're back at the level we were 17 and a half months ago,
despite removing 175 basis points of rate hikes,
removing another 50 in the forward markets,
eliminating a trillion of QT,
and then throw in a $500 billion annualized QE.
And yet you can't get any stability or acceleration of NASDAQ versus the S&P.
So if this S&P is responding to lower rates, and NASDAQ won't because it's a cyclical,
and you get more compression,
and you have equity loss,
and you have decay.
That's why I'm looking at Bitcoin denominated in the S&P,
Bitcoin denominated in the NASDAQ. If you accelerate the decline of Bitcoin versus the other,
you're going to have more and more people want to short Bitcoin to buy tech,
short Bitcoin to buy the S&P.
That's added selling pressure.
And it's just going to be the algos looking at realized price action.
And they will stop when it stops.
But who's a natural buyer when Saylor's company is nearly a seller?
Yeah.
So you have to have both sides So you have to have both sides.
You have to have both sides.
Up nine decimals, up a billion percent.
Let's just consider that instead of only being able to go to new highs,
you could go to 52-week lows also.
You could.
I watch the Bitcoin NASDAQ, Bitcoin SPX, Bitcoin Russell 2000 pairs constantly.
That's great. You should teach people to do that.
I do. I definitely do that. I spend a lot of time focusing on that.
Try to do that denominated in its own volatilities.
I think there's a lot of alpha to be derived from the pair charts and something that was sort of an early, I guess, rotation signal out, which has been confluent with my, I guess, algorithmic systems that have been risk off since September and October.
I think there's a lot of alpha to be derived from the pair charts.
Bitcoin gold, Bitcoin silver also, you know.
Well, there's a much better one.
There's a much better one.
Bitcoin divided by Deval.
That peaked at an insane level
on September 18th.
And then you had 18 days
before the peak
and 21 days before the crash.
You had people reaching out
to buy calls
at more and more
and more expensive prices.
That's a hopium.
And now we're snapping back to where Bitcoin volatility
has nearly erased all of the dealer squeeze.
They're back in power.
And pretty soon they're going to be back in power a lot more.
If you denominate gamma or a price in its own volatility,
you're getting a lot of information, more than just the noise of a pair trade.
You're measuring it with respect to its own realized existence.
So are you forecasting that Bitcoin denominated and devol is going to continue to trend lower from here?
Oh, yeah. Because it has bounced pretty significantly since November. Yeah, yeah, but it's getting more overpriced, ready for another crush.
That's just so long, so long, folks.
Thanks for coming.
She really enjoyed it.
She didn't make a sound.
She was just drinking you in.
Okay.
It's like the Big Bang and the Big Crunch.
It's like the air up there is very thin.
The Bitcoin denominated in its fall, it stretched out so much.
And so, like in the Matrix, it came in and now that bounced.
But that's running out of gas.
And look at the, it's called the kurtosis.
The last five weeks of Bitcoin, there's no volatility in it. Where's the bounce?
Yeah. And there was quite a bit of active long Delta that came in on Bitcoin in the mid nineties,
by the way, which is pretty pathetic pathetic that was something that i was watching that's the important point as buyers were as buyers were stepping in
between 90 and 93 huge huge huge amounts of of long delta came in and just got stuffed every
time they tried to bid it above 92 24 hours later they were underwater and puking. And volatility sellers.
And so if it breaks out above 93, a lot of people are going to run that thing.
I don't think they'll do it tomorrow, right?
Because you have the quarterly close tomorrow.
Keep this one crazy number in mind. Last quarter, the third quarter, Bitcoin had a maximum range of 8 basis points. 8%, excuse me, 8%. 105 to like 115.
Keep this one crazy number in mind.
at its genesis period
when it had already gone up
10 times, when it went up
a thousand percent
from a tenth of a cent, its first
rate, up to a dollar.
Okay, so it's three decimals.
It went up from a dollar
to eight dollars in one quarter.
That's two to the third.
That's 800
basis points.
800 basis points. 800 basis points.
800%, excuse me.
We just went up 8%.
We went up one hundredth of what it did in a three-month period 15 years ago.
And that's just whale exit.
So let's see if you can actually create any kind of uptrend,
because there's a lot of evidence to suggest that that led the NASDAQ
as the greatest appreciating asset of all time,
from the confluence of the Japanese liquidity explosion-driven devaluation,
taking their currency 75 down to 161,
and then all the global COVID spending,
and all the deficits, and that looks like it's over, all the higher rates.
So there's a real risk that we're in a protracted crypto winter, which in my view,
because I think Bitcoin is real, Richard Christopher Whalen, he's a very good bank analyst,
he has a different view. So I don't want to address why he thinks Bitcoin is real.
I think Bitcoin survives 25, 50, 75 years.
It doesn't survive less than 25.
It doesn't get innovated that quickly.
So that means we'll just go down.
We'll go sideways for years.
People will be shorting the calls, shorting the volatility.
People will say it's a currency, it's stable, and they're wrong.
It's much more than that.
And then you'll get your next wave, but it's not going to be because people want it.
It's going to be because people think it can't happen, and then you'll run over them.
But I don't see why volatility wouldn't stop going down below 40, back into the high 30s, before this October.
down below 40 back into the 5 30s before this October is silver is silver not a
prime example of what you just explained it's a classic it's a cover
actually that that's why we were calling for silver as a destination for the
traders of Bitcoin to get their volatility on so So if you look at D vol divided by X VX,
you know, like VXN, but VX SLV,
that's the volatility of the VIX.
Excuse me, that's the volatility of silver.
And that collapsed.
Or the obverse of that is
there was an explosion of silver volatility versus,
and then people finally woke up,
and then before you know it,
silver volatility rose 30% in a day.
How delicious is that?
And that set up an 11% up day,
an 11% down day from the gap open,
and then another double-digit day.
You have three back-to-back.
When's the last time you had three back-to-back
double-digit days in the crypto world?
I think back in early May.
It's trading nirvana.
It's trading nirvana over there in Silverville.
And they have just a limited amount of liquidity,
size, it's not gold.
We're not looking for gold to do
crazy stuff. Remember, gold
was 109 times silver
and it could be as little as
30. Its ratio
was 15.
But 109 was insane
that you would have to
pay 109 ounces of
silver for gold. David, you'd have to pay 109 ounces of silver for gold that's it david david you'd have to
excuse me like when you bring up your math equations and all that stuff i i have trouble
um figuring this stuff out because even though uh even though i'm a crypto guy before all of this
believe it or not i used to work at an orange juice factory.
But then I got canned.
I couldn't concentrate, man.
That is a four-bagger pun.
Let's go, man.
Let's go.
Man, I've been waiting.
I've been waiting for you.
They were listening to you until you finally said.
Yeah.
It seemed like Pulp Fiction, bro.
Yeah, yeah.
But you do have to look at price.
You cannot charge 109 times silver for gold when it's concentrated in the earth at about 17 to 1.
Yeah.
I mean, I'll say this, David.
I'll say this, David.
I think, like, these vehicles of speculation that are just, like, derivatives of Bitcoin, like MSCR, IBIT, and all that stuff, I actually think it's, like, the complete antithesis of the, like, original Bitcoin white paper and kind of, like, the ethos of crypto, right?
You're completely right on that, buddy.
You're right on the money on that buddy you're right on the money yeah and and and also like this this need this desire
um for for central banks to get involved in monetary policy like you have people that are
like oh the fed needs to slash rates to zero this set and and the other but i mean bitcoin went up
almost 10x um and what two and a half years three three years since the FTX bottom without, like, QE or Zurb or any of that.
Wait, wait, wait.
Didn't we have infinite inflation?
Didn't we have 10% nominal GDP plus?
That's, you don't need QE.
That is QE.
In other words, when rate, you see.
That's totally called not QE QE.e yeah so i want to give you something and i
it's like the theory of relativity it's but if you're standing on planet earth you're feeling
1g 1g of acceleration in the gravity but what if you're in a rocket that's accelerating and you're
feeling 1g from the rocket lifting up at your feet.
You can't really tell the difference if your eyes and your ears are blocked.
So the analog is if inflation is rising and they're not raising rates fast enough,
isn't that the same as if we have deflation and they're not cutting rates fast enough?
I think I would need to defer to Tucker.
He would probably know more about that.
Well, the point is when they raised rates by 75 basis points of crack and all they did
was signal that they're going to stop doing it, that was the low in 2022, October 13th.
They released the minutes on October 12th
of 2022 signaling market participants thought that they were going to hike 100 basis points.
They did 75. You should all go to the Federal Reserve website to read those minutes.
And then that was the bottom, three hours later.
David, you want to know a funny story in regards to the Fed?
So in early December, right, I, I, and I think you can actually like check when people post their replies, you can actually check when they reply to a certain profile. right i spent like an entire day uh spamming the federal reserves twitter page on my personal
account right here king wabi you'll see it as a speaker uh i spent an entire day spamming the
federal reserves page and also emailing them um asking them if they can bring these questions to
jerome powell which is one what does he have for breakfast and
how does he like to start his day and i kid you not with orange juice no so so so check this out
right so powell calls an emergency meeting right and uh we have uh like an inner circle alpha group
discord like we stream and all that stuff and um we streamed that meeting and the lady
who uh who was like the interviewer for that meeting actually asked jerome powell that question
and he smiled and giggled and that was toward as a tail end if anyone is listening right now
you just search up december 2022 um emergency fed meeting and you'll see Jerome Powell seated with with like a lady being interviewed questions and all that stuff.
And that's like the last question that she asks him.
And he decides not to respond.
And that's that is wild.
But I think it just it just it just goes to show like when you're when you're a man on a mission, there is no can't.
There's only can, right?
Emmanuel Kant would disagree.
Who's that?
The famous philosopher, Emmanuel Kant.
His last name is Kant.
Oh, Emmanuel Kant.
Oh, I see.
He's a can't do kind of dude dude i would change my last name to something else yes
i would oh by the way there's a crypto guy his name is uh his last name is can right and like
his fund got liquidated i think his name is joe mccann and his entire fund uh his entire crypto fund
got liquidated on hyper liquid and um it's a perpetuals platform by the way david and um
i think they made like almost a billion dollars in annualized revenue but like there was a an
ongoing joke where his name is like Joe McCant,
and his excuse was like, oh, we qualify for an airdrop
because of the volume that that liquidation causes or whatever.
If you want to know about the Fed, go look at the transcript,
not the minutes, of the June 2008 meeting
when inflation was reported by the BLS at 5.6%
and they wanted
to hike rates on market participants.
And it turns out that wouldn't
have been too good because inflation
went from 5.6 to
negative 2.1 in 13 months.
Minus 7.70.
What do you think would have happened if they would have
jacked up rates?
These people don't know what they're doing.
Don't be afraid of them.
Just watch, in my opinion, watch the two-year.
That's a real thing.
I think it's a great time to wrap up the show here.
It was a pretty nice stream.
I want to thank all the speakers, David, Naka, Prometheus, Max.
Who else was up here, man?
There were a lot of people up here.
Happy New Year. Yes, yes up here. Happy New Year.
Yes, yes, yes.
Happy New Year, indeed.
I'm going to consider this our end-of-the-year show, to be honest.
This was a great way to end off the year.
Can I leave off with the bullish thing because I'm so bullish?
I'm bullish at what's going up.
Please watch what's working, not what worked.
Be a can-do, a buyer of strength.
Be bold.
Don't be weak.
A sealed can of orange juice filled with concentration.
Naka, go ahead, man.
Yeah, just quickly, because I don't have any opinions on the one coin that looks like the one major i can
see that actually looks bullish and has like a good fundamentals case which is funnily enough
monero if you look at the long-term chart for that it's actually sort of this weird triple top pattern with two cup and handles.
Um, anyone got any opinions on that?
I think it looks like silver, honestly, before it broke. It looks exactly like silver.
Yeah.
So is anyone going to be buying Monero?
Probably not.
I already bought it.
Already bought it.
Interesting.
Very interesting.
Sorry.
Who said that?
Probably that Prometheus. Prometheus. Interesting. Okay. already interesting very interesting sorry who said that prometheus prometheus interesting okay what you got any targets for monero i mean like if you do the technical target like
if you do the technical target of that breakout it's like 3000 um that would make people pretty mad
um that would make people pretty mad
dude if monero goes to 3 000 like if monero goes to 3 000 i'd expect at least eath to hit 3600
okay sure okay fine if it's 3600 you make like a what 30 gain if you know monero hits like 3000 you're up what like
600 i'm saying that because like zcash did like a 30x in like a month yeah zed cash had a much
lower starting zed cash had a much lower starting market cap, but I mean, is anyone, so Prometheus is actually long Monero.
Interesting.
Anyone else long it?
I'm not long it barrel.
I'm just doing like small on chain stuff right now.
Like very small stuff on chain.
That's it.
it's been pretty muted.
I'd say over the last like two months it's been very muted i mean i i try to
trade like long you know large caps on long time frames so i'm looking for something which is you
know it's a big cap it's not like a scam coin and you know it's like a long time frame trade this is the only thing i can see looks good
i'm not i'm not gonna touch i'm not gonna touch the darling of the cycle like in the bear market
that's suicide you don't want just a little field knocker you don't want just a little
a little something you know dude i might i might the way people let me talk about it in this space, I might put a little shorts on it. I mean, like, but Monero man, you know? Um, yeah.
And the thing is, the thing is I spoke just quickly, I spoke to a high net worth guy,
right. And he was, he was shoving his monero down my throat right like he literally
couldn't stop talking about monero you know why um because you were thirsty
i would i would guess because all of these democrat bucks in california talking about
wealth taxes and like all of this like there's a huge amount of of sort of like pent-up
communism going around in the world of like the government wants to take wealth
from high net worth people like you know people who are millionaires that kind of thing um
guess what they're interested in they're
interested in privacy privacy yeah well guys i'm gonna go ahead and wrap up shout out to all the
speakers give everyone here a follow guys happy new year and all that good stuff i'm sure it's
about to be the first in some other countries and all of that so guys thank you thank you thank you
feel free to follow us follow everybody up here on the panel follow because bitcoin account if you want to keep up with what we do here i go live on spaces with uh the show that you're listening to right
now called market talk my name is wabi i go live usually at 3 30 p.m est i talk all things markets
crypto trap fi lower time frame higher time frame price action with a set group of guys to talk
here on the panel give them a follow guys shout out to all
of you and if you enjoyed today's show don't forget to give us a follow and if you're interested
in joining our inner circle alpha group community the links to that is in our bio multiple channels
discussing all things crypto every single chain all that good stuff and if you're a bit more
advanced and want to add some things to your arsenal to navigate these markets we do have our own trading terminal link to that is also in our bio
the profile is at bb terminal you can find it in our bio as i stated and if you have any questions
at all whether it's our inner circle alpha group or our trading terminal you can send us a dm
or you can also send any of our affiliates a d DM and we'll hook you up with a discount for your first month.
If you have any questions with any of our packages, again, send us a DM.
We'll get back to you within 24 hours.
As I stated, we'll hook you up with the first month discount.
So, guys, thank you all so much for tuning in to Market Talk.
God bless you all.
I want to give a personal shout out to my Lord and Savior, Jesus Christ, for allowing me a day of health.
The talk market's with you all.
Shout out to all the speakers, Naka, Max, Prometheus, David, all the other speakers as well.
We had a solid panel today, man.
Thank the Lord.
I did not expect that going into the new year.
I actually thought this week was going to be quite muted, but sometimes life gives you some pleasant surprises.
So thank you all so much for tuning in, showing up and all that good stuff.
Feel free to telephone to telephone about what we do here at BecauseBitcoin.
Turn on bell notice, as I stated, so you can keep up with all of our shows, our spaces,
and also our YouTube show called Market Check.
That's our TA-focused channel.
If you guys are into all things charts, that show is hosted at 11 a.m. EST.
So we have shows for everyone. We have a multitude of free content for you guys throughout the week.
Whether you like visual content, whether you like audio content, we have something for you all.
And we also try our best to be as fast as possible in regards to reporting real-time market news updates here on our page. So not only do we have free content for you guys as far as news,
we also have just general market content, commentary, visual stuff, all that,
and also something a bit more personal if you guys are looking to join a community
with less noise and more signal and all that stuff.
And, yeah, we've been doing this for uh just over three
years guys so we'd love to have you in our community feel free to use some of our products
give any feedback and feel free to tell our friend to tell our friend about who we are
here at bb guys so with that being said i'm gonna go ahead and play some madonna
uh to close off the stream so later guys You that's not the best you'd ever feel today.
Sad machines and legs should be so fine.
All the suits I must have made in London. still
I love, I love your body
You're the swanky tattoo of my princess
They will keep you looking so brand new
Let me tell you Oh
Your headあんよへたくよ今日は Ohmememe
よりやった
meme
meme smart
yeah
you're not yeah My life is alive My life is alive
Yes, you die
My life is alive
My life is alive
Insights
P
