Thank you. Thank you. Thank you. Thank you. Thank you. you music Yes is Oh, I'm so on fire The demons rise in my mind
The time to come alive to stay Oh Oh Oh what
Oh, my God. I'm so sorry. I'm so sorry. I'm so sorry.
I'm so sorry. I'm so sorry. Oh, my God. I'm going to go to the next one. Music I'm sorry. Oops. guys what is going on what an incredible start to the week honestly uh especially after that um
that ism jobs data report that we had on friday a lot of people were dubiously speculating, man. Let me tell you,
they were saying, man, this is it. This was the complacency shoulder. That's all we got.
We're in euphoria and the cycle is cooked. And here we are climbing the wall of worry with a
few bullposts from Trump and Basant once again stepping in the market.
And, you know, they were telling y'all, they were telling everyone that we're not going to let this market drop.
We're going to do whatever it takes.
Drill, baby, drill. Grow, baby, grow.
And look at where we're at to start off the week.
You have Robinhood stock.
You guys know I like to open up with the equity markets, right?
We like to talk a little bit of macro, then get in depth with all the crypto stuff but uh you have robin hood stock a couple of points away from going into price discovery again you have galaxy digital at all-time highs again
and it really seems like we are at that stage that the stage in the cycle at least in the equity
markets where you're going to start seeing uh some lowcap tech stocks outperform, maybe a few MSTR proxies, which I alluded to in the space a couple of months ago
when we were comparing the prospect of something like a Robinhood stock stealing a lot of mind
share and especially market share from MSTR. Stocks like HOOD just absolutely chatting against
MSTR. And as a matter of fact, I think MSTR for the most part is done for the cycle,
maybe one more two into price discovery.
But I'm just saying if you're in the equity markets and you want some exposure
to beta that's not in crypto, then you can take a look at things like Galaxy
or even something like an ARK Invest,
maybe take a look at um how some of the
leaps are priced right now stuff like that if you don't want to dabble into the altcoin market and
you look at eth dominance and we can honestly all agree that what bitcoin dominance did to
the broader altcoin market that's what eth dominance is about to do but you know before
i go ahead and give my opening intro, I want to welcome
you all back to Market Talk brought to you by BecauseBitcoin. I'm Wabi. Welcome, welcome. Hope
everyone had a fantastic weekend. I know I sure did the BecauseBitcoin Discord did. Donnie's
group also did. It's a buckshot season. You guys know what a buckshot is, a buckshot shot.
You guys know what a buckshot is a buckshot shot.
It's one of the strongest bullets that can pull out of a rifle.
I think that's the kind of season that we're at ladies and gents,
my opening statement here,
if you take a look at ETH dominance,
which is honestly something that every single one of you should be paying
If you really want things like others, whether it's others, BTC or others ETH, or really just
anything outside of the top 10 as a collective, you want to see ETH dominance kind of relax.
And we have had instances in previous cycles where Ethereum largely outperforms the majority
We saw that happen when ETH broke into price discovery in 2021. It wasn't until ETH broke out of price discovery above, I think it was 1400, where you started seeing everything else follow
suit. And I think that's kind of where we're at right now. But I think the material difference,
the benefit of the doubt the grace of uh of god
almighty is that we have the on-chain markets people can uh speculate on things on base on
soul on eth mainnet whatever chain you decide to trade on you now have things that create their
own narratives i'm sure you guys see some things um on bunk fund that have been going up like crazy
you have useless hitting almost almost half a bill in
market cap, and you have some other assets, which I'm sure we'll discuss, that are on their way to
100 mil plus or just cross that nine-figure mark. And whenever you have these events happen on chain
where you see these new tickers that display a PVE kind of chart where it's gradually up and to
the right rather than a straight
up pump and dump, it signals that the market is ready for something nice.
And we've seen this happen on so multiple times, specifically around this time last
year with things like mooting, giga, lock-in, sigma, these tickers that gave a signal to
the market that, hey, it's ready to go on chain.
It's ready for winning season.
What me and Donnie have phrased to is as buckshot season. And truth be told, with the setup that we
have right here, after a bad jobs data report, an ISM report, the market, you'd expect it to
kind of not really show any signs of life, not that much volatility. But if you look on majors,
we've had a bit of a bounce. It's not completely dead. It's not choppy. On-chain is certainly
looking lively today. You have one of my favorite tickers, Ray, which I've been talking about here
on this show since 5 mil back in April, that is now crossing towards a quarter billion in market
cap. And I still believe that base is going to be home to AI.
But nonetheless, guys, what we're seeing in the equity markets with low cap stocks catching up,
I think you can compare that to something like others BTC. But the chart to really pay attention
to, guys, is probably going to be others ETH, everything outside of the top 10 in its ETH pair. As we are seeing, it is ETH's time to shine. If you compare
the bottom that we had in April up until now, so from April 7th up until now, there are a lot of
majors, a lot of altcoins that have just been bleeding profusely against ETH after we put in
that higher low back in mid-June, late June after that previous FOMC.
And structurally, on something like Bitcoin, we produced the same kind of pattern. We dumped
into FOMC, out of FOMC, and then we recovered going into the new week. So personally,
I expect Powell to cut rates. If you go on FedWatch, the Fed is now priced in at 80% to cut rates.
Next rate cut probably comes in December.
So I just think some of the things that we're about to see on chain are indicative that
the market's about to get crazy.
And if we look at what the stock market is doing, where you have retail actually coming
in and making money with stocks that I've talked about here recently, like a Roblox, you're going to see that trickle in
into crypto. And don't even get me started with the potential of something like OpenAI
having its IPO in quarter four or maybe even early quarter one. And I think that's going to be huge for the market, at the very least, running into it.
And with that being said, look, guys,
it's going to be a great time here on the show.
I have Donnie, have Paulos, maybe chill pops up in here.
But I hope you guys are doing great.
Hope you guys are feeling great about the market,
excited for what's to come and
um you know i'm sure there's going to be uh some life-changing opportunities later uh later this
cycle um if you guys tuned in to one of the streams that me and donnie did i think it was
not this previous sunday but the one before that uh he showed me on that show and you guys can go
ahead and check out my my twitch channel put it on the Nest later on the show.
We pulled up the Matic chart, and it wasn't until ETH went into Price Discovery where
Matic really put in its huge meat of its move in 2021.
And I think we're kind of in a similar situation for the broader market.
But up until that point, you're probably going to see a lot of opportunity.
And the setup here is honestly insane.
You had things running as Bitcoin beta in the altcoin market whenever BTC dominance would run.
You'd have your sector rotation.
And it's probably going to be like that.
But because ETH is leading, it's probably going to be a bit more lenient, a bit more PVE.
And we're seeing assets like SPX 6900 close to all time high. And that
has been a leader over the last, I would say, month and a half when we put in that higher low
on Bitcoin at 98k. So nonetheless, I really want to see strength from assets like that,
some of the high caps. And I just think we have so many good headwinds and we can call top
um giving a price target but we we don't really know
you don't have to excuse me i i just got a call but nonetheless guys nonetheless i want to welcome
you all back but before we get started if you guys can go on ahead and show some love to the space,
show some love to the space.
And the best way to do that, in case you guys are wondering and you think to yourself, man,
how could I show some love to the space, right?
How could I send in a few buckshots of appreciation and help out with the algorithm, right?
I have answers to questions that people don't even know how to ask, right? I got some answers. I have answers to questions that people don't even know
how to ask, right? You guys can go on ahead and click the spaces tab below. And then right up
above our profile pictures, you'll see something up on the nest. You'll see a little link that says
x.com slash I slash spaces. And then once you click that, please, for the love of God, smash
up the like button, chat, smash up the like button.
Hit up that retweet button.
If you're holding all coins, hit up that repost button.
If you can't wait for things like ETH and Solana to both go in price discovery and actually put more than two weekly closes in price discovery, smash up the repost button.
Smash up the like button. smash it up as it does
a number of things, chat. Helps out, get more people in the space, helps bring more awareness
to the brand. And of course, I'd be very, very, very, very much appreciative of you all.
But we also have ARK Invest, by the way.
I think that's going to give signal for where the IWM is headed, by the way.
And that's actually four points away from making a new year-to-date high.
Year-to-date, it's up about 30%.
So if you compare that against the
S&P 500, if you compare that against the Qs, then you can honestly say we're about to head into a
real bull market where low-cap tech actually starts to make a ton of money. But go on ahead,
show some love. And I'm going to kick it on over to Donnie. Donnie has been on a tear lately.
And shout out to him, man.
I'm glad I've had him here on these shows since he was a 5K account, 6K account, somewhere along those lines back in early November. that me and Donnie had was comparing the IWM going into Trump's first term and comparing it
and comparing it, how IWM was reacting going into that election back last November. And
that's exactly what happened. And a ton of stuff rallied after that. And I see Mike Alfred. What's
going on, Uncle Mike? I'll go ahead and send you an invite to speak. I'm sure it's going to be an interesting conversation. And especially since we've been doing these spaces over the last couple of months, call it mid-March, early April, and they've aged quite well. So I'll send you an invite to speak, man, if you'd love to come on up and talk some shop, man. But Donnie, what's going on, brother? It seems we climbed that wall of worry.
Powell came in max hawkish and the market priced that in real quick, real quick. And now the Fed
is expected to cut rates. 80% chance. And FedWatch has not lied at all over the last few years. So exciting times, man. But bro, I know you've been active.
How are you? And really excited for today's show, man. It's going to be a great start for the week.
Welcome. Welcome, man. Hey, what's up, bro? Yeah, it's been a it's been a good weekend this last
weekend, right? We had a crazy runner on Seoul for the the most part that was like the most exciting part uh finding
something that to be honest for me hasn't been uh i haven't had like this excitement over a coin
basically since pepe uh in 2023 right that was a very like shocking event in the uh meme coin
on chain market and like to be fair this one it honestly feels the same but i won't get into that
just yet mostly uh the btc setup so
before the weekend i think i shared or maybe this was actually on saturday i just shared a setup for
btc because we did actually go just a little bit lower than 114k uh but it was still within the
realm of maintaining this current range that we were forming and just having a manipulation zone
below it uh just to the next line of support,
which was around 112K, which this is basically a bullish PO3 setup. So you've got a range,
you're leaving liquidity behind for a potential squeeze if you can push back up in the range
after this manipulation is done. And the manipulation box is basically just an area
where you have a sentiment extreme. Again, it's kind of similar to the world war three shakeout that we had everybody kind of max capitulates uh in these zones where you know
price is just deviating that range and likely returns back higher as these buys get filled
uh in these zones on the chart and that's basically what we had there was a fear climax with the
economic data and the ISM report.
But what I've noticed with BTC, especially this cycle in the last like six to eight months,
is it tends to sniff out the resolution to the problem that's causing these dumps, right?
So I basically wrote in this post, BTC likes to sniff stimulus and run hot. And I basically think
that's what's happening. It's just seeing that the outcome is likely rates coming down
from basically the ISM report confirming that there is a slowing in the economy.
Just literally that simple to me.
When you have this much of a clean technical setup, you can't ignore it.
And you can kind of just brush off all of these news-related fear events.
Of course, these are actual economic implications,
but the technical setup doesn't lie.
So yeah, we've actually developed nicely from this.
Oh, and just one other point.
On that chart, or on that post, sorry,
I shared another chart of basically BTC and gold,
and this just cuts out all the noise.
We're still pricing in the upside that gold put in earlier.
We're about halfway through that point
and we're tracing it pretty nicely.
Of course, gold trades a lot more cleanly than BTC
in terms of how it traces global liquidity expansions
and contractions because BTC is a lot smaller
But it's directionally the same, right?
And even technically, we've kind of been following the same path.
We came to the all-time high, deviated it,
had another shakeout to the downside, broke above.
And now that point where I've circled in green
was a fear climax for gold as well,
which I didn't think we would actually get.
I was like, man, what could be ahead
that would really cause a fear climax similar to the uh tariff fud that gold experience where i've circled in green
obviously this wasn't nearly as bad as that uh but we had something similar and yeah we're basically
priced in that uh downside and i just think the next part is getting above 119k if you get above
there you're gonna have a sharp rally above 130k.
And yeah, my targets are around 138 to 182. So we'll see how high BTC goes. But I think
the market knowing that rate cuts are basically imminent at this point,
and likely lots of them, I think BTC can go a lot higher. And yeah, we're still just following this gold fractal.
So even this is pointing to about like 150-ish, just shy of 160.
So I think the best part of this run is yet to come.
You guys know I've posted those quote-unquote alt-season triggers
that I've been waiting for.
Two of them or three of them have already confirmed,
just waiting for 130k BTC and below 58.5% Bitcoin dominance. And then that ranging
environment that you see that gold is telegraphing, this gold fractal, I think that's where you get
alts taking a lot of liquidity because we're seeing even on lower timeframes, anytime Bitcoin's
ranging, ETH is outperforming by a decent margin, right?
So having a higher timeframe range with even stronger technical signals, you're likely going to have alts catching up to BTC finally for the first time in three years, which doesn't
mean that that's bearish BTC at all.
It just means that alts have their time in the sun for a bit and likely that liquidity
pours back into BTC for the next wave. Because I believe this sort of local top that gold is telegraphing is a local top. It's not
going to be a cycle top. If I'm looking at DXY right now, and bearing in mind all of the catalysts
for DXY that have downwards pressure on this chart, I think we're going to see towards 90 on DXY,
probably by the end of this year,
and potentially even tag below 90.
So that's going to unlock another batch of liquidity expansions,
which is going to unlock another rally for risk markets
So just waiting for the confirmations of all that was just discussed.
And yeah, I think we're good to go
bro something else um that went on today that i forgot to discuss donnie is
eith btc is basically 0.2 away from making a fresh local heisman and this market absolutely
loves this narrative that rate cuts are extremely bullish.
And before, it wasn't really like that.
It seems like just everything that used to happen in markets doesn't really happen, right?
In 2022, you would think, oh, dude, this bear market is going to last for a few years.
We printed a ton of money.
This is going to be like 2001 all the
way to 2014. It's going to be a lost decade, this, that, and the other. And whenever consensus
agrees on one thing with the majority of market participants and the momentum, not only in
sentiment, but also positioning, as we saw in October 2022,
when the put-to-call ratio was the highest that it's ever been in history, the market just loves
to melt up. And that's what me and you both said back in those lows in early April, where
probably going to see equities melt up. It's exactly what happened. And that is going to
trickle down into the crypto market and
i think this this little period of outperformance that equities have had uh over the last i would
say probably two weeks uh where you where you where you had hood break out of that little
consolidation galaxy digital breaking out which mean man i've been i've been watching galaxy for
a fat minute now probably like three weeks now and that always has a trickle down effect bro that always has uh has a trickle
down effect um and i haven't even looked at dxy at all i i just i just know that at this point man
that that uh that second wave where everyone says dude that's it it's actually real this rally is real
let me start to to size in i might miss everything i think that's actually about a start man and
truth be told donnie um i'll tell you what and i'll go on record to say it and um i truly think
this is going to be the best q3 that crypto has ever experienced, ever, ever, ever, ever, ever, better than
2017, the thing is, we rallied so hard.
And then when we had that China ban, Bitcoin capitulated by like 40%.
And we had a China ban, I think it was yesterday, and the market actually flipped green, which
I think it was yesterday and the market actually flipped green, which was absolutely hilarious.
was absolutely hilarious.
Even in 2021, when China banned Bitcoin, we actually nuked from like 35K down to 28.
So I think the fact that we're having flows being inverted and the stock market opened up green and you have a few tickers about to go into price discovery.
is about to go into price discovery um we've seen this pattern before right equities outperform
We've seen this pattern before, right?
crypto and then during the next um higher low the flow switch and then you have crypto start to catch
up to the equity market so that's kind of where my head is at man um with your opening statement but
what are you thinking about like uh some of the altcoins that that we've been seeing flourish
in the market man um yeah i think basically when you get to those old season conditions which again
like you just mentioned ebts is looking uber strong right here uh i would i would think that
strength continues even as btc uh rallies but more so in that ranging environment that gold is telegraphing.
So I think once you have that, once you have BTC above 130, you're going to see basically everything go higher.
Obviously, you want to try and catch the fastest horse or the fastest few horses.
But yeah, basically all the tickers that we've been talking about, I think they'll do well because I think everything will do well.
But yeah, basically all the tickers that we've been talking about,
I think they'll do well because I think everything will do well.
Even in these small impulses that we've seen locally on Bitcoin's price action,
you've had literally rugged charts on chain start to come back from the bottom.
So I expect that same trend to continue,
but with just more power to the upside.
So right now, you guys know'm uh extremely bullish on that bucky
token so that trade man it's honestly like the rarity of going to 35 million and like i think
this was five days is insane you don't get that very often the only names that come to mind are
the ones that hit close to a billion market cap within four weeks.
Literally, it was Chill Guy, Mudang, Pepe itself.
A bunch of these massive, massive tokens.
And they were all in conditions that are not going to be, well, that weren't as strong as the conditions that we're approaching right now.
So, yeah, that's why I'm uber bulled up over this token.
Regardless of what you even,
if you can't figure out the narrative or not,
the metrics alone don't lie.
If you hit 35 million in five days and you can see the holders and Mindshare compounding
over that four days with a volume increasing
from a good baseline of like 3 million,
plus you get an old season confirmation,
there's just no way this thing doesn't teleport
into the hundreds of millions.
Plus, it has an advantage of being in the Bonk Fun ecosystem.
If you muster your way into the top two or three,
it's likely you get a big catalyst coming from that.
Without explicitly mentioning it, you probably can connect the dots,
and that alone should send you to the hundreds of millions.
So it's a perpetual forward loop of the higher it goes the higher it's gonna go and when you do go to those hundreds of millions uh in market cap it opens up the next
batch of catalysts which is obviously massive exchange listings so these things don't these
things aren't generous to the downside uh you know you can look at the token and be like damn it's up
But the whole point of why we,
or what we were saying when we mentioned this on the last spaces, I think, did we do one on Friday?
That's when we spoke about it.
It was around like four, five, six, seven million market cap
is the fact that when I found this thing
within the first 600k of market cap,
the team and the devs and the insiders or whatever,
they all sold below 600k of market cap, the team and the devs and the insiders or whatever, they all sold below 600k
market cap. So the central point of failure on this token is gone. There isn't a 20% supply cluster
that can destroy the chart at any moment. The chart is held by the community itself. So if the
community believes this token is going higher, and they see it continuing to grow, they're going to
hold, they're going to scale out responsibly. There's new demand stepping in every day. And those people who currently hold
decent bags of supply, they're slowly being thinned out. So again, you haven't seen these
metrics on any other tokens other than the ones that have pulled hundreds of millions within like
a couple of weeks. So we'll see how it goes. To this is like this is the trade from here
because you just haven't seen this
I'm super bulled up on this one I think it's going to
do extremely high numbers
it's a very simple process from here
the first round of catalysts you guys can
connect the dots to what that is and then comes
the listings pair that with alt season
I just don't see how this doesn't go
to extreme high numbers what do you think wabi but i would agree with you man you put out the
clean setup and i think that's the difference between people that just want to show their bag
and just for the sake of it um with no real thesis outside of ha ha ha it's funny but man like you had
a clean cut thesis you went on chain and checked out if the dev already
sold you checked out all the snipers all that stuff you reached out to community members and
honestly do the engagement is insane and you know i would agree with you the setup here is incredible
and you know i have a saying for um the zone we're about to enter right now and there's this phrase
that was coined last year called the banana zone.
And quite frankly, I can't stand bananas. I'll tell you what, I've really tried to
condition my palate to like bananas, right? You look at gorillas, gorillas are massive.
They have huge backs, huge shoulders. And honestly, they are the apex predator when it comes to mammals. And so I used to think
that bananas would be like the food to eat to get big and strong, right? So there was this
coin that was there was this phrase that was coined as the banana zone, right? That everything
is about to go insane. The market is about to shock people and do something that it's never been done before.
And we were almost to that point. So it's like eating a banana. You have a bit of bananas and it tastes good, but you might have an itch in your throat.
So I thought, why not the avocado zone? Avocados are green. And we experienced that coming out of that bottom in April.
But now, honestly, I think we're going into the Tiger Woods zone.
You guys see Prime Tiger Woods?
So I think his vision is like 2010, which is insane.
That is actually superhuman eyesight.
So I've gone up ahead, guys, and I've posted exactly what I mean when i say tiger woods tiger woods mode man fuck it tiger woods mode i've gone ahead
and i posted the eth btc chart ladies and gentlemen go ahead and click the spaces tab
check up the nest give us some engagement like donnie's post like my post retweet our post
comment what you think about the post. And that is the
Ethereum four-hour chart from Coinbase. We are less than a percent away, ladies and gents,
from making fresh local highs since the bottom in early April. And as history would say,
the more ETH BTC rallies continuously, by the way, continuously without making a lower low,
continuously by the way continuously without making a lower low this is the longest time
since the ftx bottom that eth btc has not made a lower low it has been uh at this point four
months no i'm sorry excuse me wait let me see um yeah almost four months that eth btc has not made
an all-time low and people want want to say alt season isn't actually
coming. But if you look at history, you usually see ETH BTC lead, and then you have others BTC
lag, and then others ETH lag even more, because you start seeing ETH dominance trickle up.
So the playbook here is ETH BTC and eth dominance rallying and then eth btc takes a
little bit of a of a break eth dominance takes a little bit of a break and then you have everything
outside of the top 10 start to melt face tiger woods mode how i play golf that is the zone that
we are in a four a four handicap a five handicap which is basically like pro level status so
that's what i'm thinking man we're not entering the banana zone we're not entering the avocado
zone we're going into into tiger woods mode bro tiger it's how i play golf and um you know with
things like bonk fun they actually rebuy into their ecosystem. And I'm not even sure if base even does that.
The Ethereum Foundation has made so much money.
Uniswap has made so much money.
If you want to talk about companies and protocols that have made tons of money since, call it Q4 of 2023, when the cycle really got started and people started to participate more
on chain uniswap has made so much money but yet they're not buying ethereum they're not buying
all coins they're not even buying back their own token like they're not reinvesting into the
ecosystem they're making pink chai lattes in in new City for the blue-haired folk, man.
Pink chai lattes and cake pops, man.
That's where all the Ethereum fees are going to, man.
That's where they're going.
But on Seoul, you're seeing somewhat of a culture shift right even if the soul l1 price
doesn't do much for like maybe a couple more weeks a couple more months what have you there's still
going to be opportunity on chain as we saw on eth the ethel one price didn't really do much last
year but bro things on chain went crazy absolutely nuts we had things go to billions uh virtuals went to like five bill
virtuals went from like 40 mil 50 mil to five bill in six months peanut the squirrel on soul
went from like 20 mil to three bill in a few days and we're talking about there's no all season
there's no way but the technicals are showing you that it is not just from like
not just from like select opportunity perspective where it's just like a few rotations a few plays
but broader this is going to be broader pve that we haven't seen in this market ladies and gents
since q4 of 2023 when others rallied 50 in a a few months. And what happened during that time?
Bonk went from 10 mil to billions.
Pepe went from like 200 mil to 5 bill.
Brett went from zero to a bill.
Mog went from 5 mil to like 1 bill.
We have the same setup here.
So that's kind of where I'm at, Donnie.
definitely tiger woods mode bro definitely and like i said even those rallies you just discussed
they were all within uh market dynamics that were still contained we didn't have a bitcoin dominance
uh significant drop to give you know tons of liquidity to the altcoin market and for the
first time ever after a very inflated bitcoin and a super strong Bitcoin dominance chart, you're actually seeing that things start to roll a bit.
It doesn't mean it's going to nuke to 40% within a month. It just means that from an inflated
Bitcoin, you're going to have tons of liquidity go to altcoins for a bit, right? Conditions we
haven't seen in three plus years. Pair that with the historical evidence of the stuff you just discussed.
Tokens literally going from zero to two, three, four,
five billion in short bursts.
I think you could see an exaggerated version of that
in the months ahead, right?
As this thing continues to develop.
And again, people are still fighting this trend, right?
They're still finding reasons to be locally bearish, bearish whatever but everything you know to me is just looking
like it's just going to play out uh more bullish than ever before so i don't know if that's
contrarian i'm just looking at the same data over and over and it's been you know pretty accurate so
far but yeah man this this on-chain market if you find a screamer and you think you've missed it,
just know that these tokens go to 2-3 billion within the spans of 1-3 months very easily when they start to capture Mindshare.
And even comparing, I just shared in the nest, Bucky over Pepe,
it's actually beating Pepe's initial leg up that Pepe had before it went to 1.8 billion or whatever that is.
I think Pepe locally topped there at 30.8 million on that chart.
And Bucky actually yesterday hit 35 million.
And I honestly think if it does go to fill that wick of 35 today, it's probably going to go to 50, 60, 70.
going to go to 50 60 70 all all within today uh just depends if the demand is there uh rinsing
out some of the uh people who are just slowly clipping out at the moment so if you get that
instant reprice to 50 60 maybe maybe a small pullback but it could go straight to 100 uh
pepe went to about 170 and then ranged for about six to seven days and then pretty much went
straight to 1.8 billion so yeah these tokens these tokens, they run on momentum and the more you hesitate, the more you're
just going to get priced out. So I honestly think this is going to ignite the sole trench
ecosystem. You're already seeing like tons of beta derivatives, 4chan this, 4chan that.
It's adding to the confluence that okay this is actually the screamer moving forward from
the next over the next like few weeks uh in a couple of months anytime that happens it's just
cope launches all this kind of stuff trying to extract to actually get into the alpha before it
moons so just more more confluence just keeps coming up that this is going to be a generational
cook i genuinely think so.
Brother, I'm excited, man.
But, you know, we're talking about the entire market setting up opportunities.
And honestly, man, what I'm seeing in the equity markets just really adds confluence to something like you're discussing, Donnie, the play that we've been in since last week
that could honestly blow people's expectations.
And for anyone that's really in the trenches in the on-chain markets,
you'll know that usually the first line of defense for something to actually be established is typically 10 to 20 mil.
When you have a new launch or pass that 20 mil mark and you're seeing
some consolidation between like 25 to 35 mil after that you reach escape velocity you just
reach escape velocity and you go um straight to like what's that next level man like 65 mil
70 mil something like that and beyond that dude you have a generational winner, man. You have a generational winner here.
So, Matt, how are you feeling, bro, about the markets?
Glad to have you back, man.
I hope your vacation was good.
And, dude, the equity markets are really shaping up to be like that time period, at least in the charts that yourself and Donnie and I have been discussing about in the late 90s.
You guys take a look at the NASDAQ composite i'm talking about the composite here guys nasdaq composite um which went live in
1973 right around there and if you overlay the price action that we've had since the bottom in
late 2022 up until now it's almost identical. And back then, all the rage was,
I'll be quick, I won't try to give a history lesson here. But back then, all the rage was
internet stocks, internet stocks. And now we're going into a time period in this market where
people are now speaking about AI IPOs. Now it's back to the IPO market, and we haven't had that rage since, call it, Q4 of 2020, early 2021.
And now we're seeing previous cycle IPOs starting to go into price discovery, things like Hood, things like Roblox.
And as a matter of fact, I think Roblox is going to flip Netflix.
I think Roblox is going to flip Netflix.
Gaming is going to flip the video streaming market.
We are now going from a media consumer-based streaming market to now a live stream consumer-based market rather than keep up with like all these hundreds of brain rot reality tv
shows that they stream on peacock people want to stream into actual live streaming with real people
that's not scripted playing things like roblox playing things like maybe a halo or a gta or um
one of my favorite games donkey kong bon, which is a game that I recommend everyone play,
especially if you like things like Legend of Zelda and Mario Galaxy.
But Matt, what's going on, bro? Great to have you.
What are you thinking about this setup right here?
Seems like we front ran the summer doldrums in a couple of days, really, man.
And I think we're going to rescape velocity here, to be honest, Matt. I really, really, really, man. And I think we're going to resuscate velocity here,
I really, really, really, really do.
I think Donnie is right, 130K Bitcoin.
Maybe we get ETH at 42, 4300.
before the next FOMC meeting.
But what's going on, man?
Yeah, you know, markets in Bitcoin are doing well when Matt's going on man welcome thanks yeah i uh you know markets in bitcoin are doing
well when matt's going on vacation that's kind of my mo when uh when everything's pumping i kick my
feet up and i just kind of pick a destination to take me and the wifey uh so yeah it's nothing to
complain about it's it's been beautiful um obviously Bitcoin led the charge with its fresh all-time high, call it 121, 122.
And then, as we know, as we've seen this cycles and cycles over, crypto catches up in a violent way right after.
So, you know, back in the bear market, we used to say altcoins have no bottom until Bitcoin finds a bottom.
Well, it's the exact opposite in a bull
market when when bitcoin's ripping and putting in new all-time highs you know uh every other
week or every other month that's just music to the rest of cryptos here so
yeah we shouldn't be surprised everything going up you know treasury companies um uh xyz crypto um ip you mentioned ipos anything crypto ipo just
immediate triple off of its ipo day it's a it's full-on alt season in both uh crypto and and
broader markets i shared up in the nest um earning season is almost done. It's two-thirds done. And this is the alpha,
in my personal opinion. You're looking at one of the best Q2s since 2021. Forget all the other
noise and like, wow, the president fired someone else because of a bad jobs report. No, push all
of that out of your mind. You've had not one, but two
earnings since the new administration. And through all the chaos and tariff talk and
exemptions to this and deals for that, what are real companies doing? Well,
they've been making money hand over fist. S&P 500 is, if we finished earnings today,
S&P 500 will have posted its best Q2 since all the way back to 2021.
Six out of the Mag 7 have beaten earnings with NVIDIA last report,
and no one's bearish NVIDIA.
You have not had all seven of the mag seven beat
in years uh usually it's tesla uh that misses but tesla even beat this quarter um and it's not just
it's not just the blue chip story either the that's why i like looking at the entire S&P 500. Look at the NASDAQ 100. Look at even the Russells getting love. But you're seeing money made all across the equity market. And that reflects that trickles down the last two quarters. I wasn't on your space last week, but to me,
it makes a lot of sense. Companies got real scared the month or two after Liberation Day,
the month or two after all that tariff talk. And so they freezed hiring and they maybe let some
people go and they got real, they cut to the bone just to make sure
they weren't going to take a big hit on costs.
And maybe they overdid it.
Maybe it turned out that they didn't need to.
But that makes a lot of sense
why the last two months of jobs reports got revised down.
But what did this last jobs report say?
Everyone was so up in arms about like, oh my gosh, they revised down. But what did this last jobs report say? Everyone was so up in arms about like,
oh my gosh, they revised down two of the spring jobs reports. But this last week, you had private
payrolls, US government jobs, and weeks and weeks and weeks of initial jobless claims, all telling
you the labor market's fine, the labor market's strong, and companies are making more money than
ever, which means they're going to be hiring, not firing, which means they're going to be increasing their capabilities, not laying off workers.
So, no, I am 100% confident that we were on the right side of this trade the whole first half of 2025.
And you better be fully allocated for the second half because everything's going higher.
You're seeing money move farther and farther out the risk curve.
Gold had one of its best rallies ever.
And that was your canary in the coal mine that, okay, there's a lot of money that wants to find a home.
And you're just seeing it go farther and farther out the risk curve into equities, into Bitcoin, into crypto, into all the above.
You know, Robinhood is about to, I think they just added bullish on their IPO offering.
And I'm guessing that this thing, like before people even know or have ever used this service bullish.
I'm sure the things already oversubscribed.
I'm sure if you tried to sign up for shares of this next IPO offering, I'm sure you'll barely get like one to five shares max.
It's full on alt season for everything out there where people are just looking anywhere for someone to somewhere to throw money at because uh you know it's that animal spirits yeah i'll probably make a post on my personal
profile um with the discussion that we're having here and really the last time that we saw this
set up in the equity market was q4 of 2020 and i genuinely think that's where we're at right now
especially from a price action
perspective when we look at low cap stocks and crypto.
And in that time frame, you actually had low cap stocks outperform crypto, but you still
had things like AVAX come out in the market.
And AVAX went from like $2 to $50 before Sol and Luna even got started on their legs up.
But let's go ahead and get some thoughts from Palos.
Palos, what's going on, man?
I know you're an enjoyer of Bucky and also Troll.
And they both made new all-time highs today, bro.
Sol stuff is going crazy. and i'm here for it
bro i'm truly here for it and it's great to have you on man what are you thinking what are you
thinking about the marketing the conversation that we're having what's up wabi and what's up
matt donnie uh great to chat again um yeah i mean honestly last week was like really comical. I had a tweet that I put out last week where people were writing these very sophisticated takes on why they de-wrist on like FOMC day. And I just found it so funny. Like, it's, it's just incredible how quick these like sentiments change. And like, for me, i just know when there's so much conflicting
sentiment still in the mix like that that's like signal to me that i'm definitely not uh
making any changes to my portfolio to be de-risking because every time i've experienced blow-ups majority of them get caught on the
wrong side of it um and are just ultra ultra bulls and there's just way too many bears still around
for me to believe that we're close to a a top um i do think things are setting up as well for
these next couple weeks um i even think you some, some people thought that we'd still be
Um, and I, I have a feeling even that will surprise a lot of people.
I think we're going to actually finish very strong and I do think we're, we
are heading for that one 30 K on BTC right now.
And once that happens, I think that's going to open the floodgates for more people to have full confirmation to go even further down the risk curve with these alts.
But you're already seeing like signs bubbling up like, you know, a few weeks ago we were like in terms of alts it was very um like
you had these little pockets and you would see more like utility plays that were getting bought
up a little bit but now you're kind of starting to see the memes take off again and there's a bit
of resurgence to the memes especially the established ones and
these ones that have a lot of mind share um and to me that's like another signal that just like
signals that like people are going further down the risk curve now so this is the beginning of
it in my opinion um i think things are going to get crazy um especially
going into the fall especially now that btc is sniffing out like rate cuts coming in um
and yeah i think we're just set up so so beautifully like even even if you think about
this year you know some people got completely demolished with the whole tariff thing and didn't
even buy the bottom, maybe like capitulated the lows there and stuff.
So, and then we've kind of, we've trended up from there.
And then we, we have this chop to get through that we've been,
we've been kind of getting through.
But I think that this next leg is going to give everyone a chance
to kind of like, you know, get back on the train
and really grow some multiples on that portfolio.
So I'm just super bullish, super stoked, and I'm excited.
stoked and uh i'm excited i'm excited for what's to come
I'm excited for what's to come.
matt um if i'm not missing uh what was it coin actually missed on earnings wasn't it
yeah and the market just didn't really care about that yeah exactly exactly. They were so quick to forgive. I guess base doesn't make as much money as analysts thought, which makes sense. They're trying to keep it super cheap. They're trying to attract volume and participants. They don't want to load up base with a bunch of fees so that makes sense and then i guess analysts were also uh expecting uh point based to make more off of usdc and they've they've
made a killing off of the uh circle usdc ipo and launch and and uh every time anyone uses that
product off of fees but i guess analysts I guess analysts were expecting a little more.
So, I mean, Coinbase's thesis is solid.
If you think there's an altcoin season,
if you think that crypto is going higher,
if you think that Bitcoin ETFs are a winning product,
if you think USDC is a winning product, then yeah, Coinbase is going up because it's the 800-pound gorilla in all of those categories.
if you think USDC is a winning product,
then yeah, Coinbase is going up.
You know, if I had to choose, I kind of like Robinhood longer term than Coinbase.
I think there's so much more environments that Robinhood can participate in that Coinbase is right now locked out of.
But I mean, for the right here, right now, short, medium term, like Coinbase is going higher.
Yeah, I think it's a sign for like super megafrost to come into the market.
It's going to be when coinbase actually goes into price
discovery that is that is going to be uh an incredible moment that's going to be an incredible
moment so i i think we're going to be in um for a great for a great week guys i really really
really do think so but um is there anything that you guys uh want to talk about want to discuss i
personally don't really have much else uh to add to the conversation i'll be real with you guys
as i do think there's actually going to be more things to talk about probably going into the
second half of the week we usually want to give um the post FOMC clarity and resolution typically like a week after.
But we're starting to see some lower time frame stuff that is quite bullish.
But Donnie, if there's anything else that you want to plug up to the nest, anything that you want to discuss, feel free to do so.
Put it up on the nest if you want.
if you want, maybe if you want to touch upon more on your Bucky play.
Maybe if you want to touch upon more on your Bucky play.
I know some of the OG AI guys from Solana have recently clipped into the chart
and have sent you messages of appreciation for really like the hard work ethic
that you and also myself have been putting on.
I mean, anyone tweets about Bucky, you'll get like a hundred likes a hundred comments and it's quite something man so if you don't want to talk about majors or maybe you
want to give it some time let some stuff to play out just want to talk maybe like some more uh
all coin markets some some plays that you're seeing for the immediate short term i know
you're incredibly bullish uh not only on base far coin but also on on uh on bucky and uh stuff
like that feel free to do so man if you want to talk about that before uh we wrap up here i also
see michael cantro i'll invite him up if he wants to if he wants to talk shop i know last time
cantro was on the stage uh he was busy and had to drop off but donnie feel free to go ahead man
stage is all yours yeah not too much to add to like the broader market stuff uh i think the setup's pretty clear
btc's kind of fulfilling that a po3 right now if it gets above 109 that's that's literally
maximum upside capitulation from there and i think it sends it to 130 and we get the ball rolling
um yeah in terms of these on-chain plays and stuff,
obviously the latest one is still Bucky.
I think the Farcoin narrative starts to really rip
when Seoul gets above 200.
it's basically just consolidation, reaccumulation.
But I think when that narrative does re-spark,
because it's such a global narrative,
the seed has already been planted in everyone's head.
Even the people that came in to the market
when it was peaking around 3 bill or whatever,
those people will come back when that thing is back at all-time highs.
And I think it's going to be probably one of the most chased charts
in all of crypto just because of that.
Donnie, isn't Bucky a Solana coin as well?
Yeah, it's a Sol coin, yeah.
I've been saying it's Sol season.
You have the most obvious catalyst still coming up too.
Come on, I'm a non-participant.
Right. I'm a non-participant,
and it's so obvious to me.
the Farquay narrative really starts
to run above $200 Sol, and I also
think Sol does pretty well
moment. We're seeing the typical sequence of events.
BTC leads finally starts to give liquidity back to ETH.
ETH has to fulfill its run, and then you're going to have
a rotation into Sol, a rotation into everything else.
It's literally just the order of the market cap size.
Big players into the market, they need liquidity
starting from top to bottom.
So I think it's going to play out as usual.
And yeah, that narrative should re-spark pretty strong.
But yeah, $200 to all above there, I think it really starts to get going.
But yeah, for Bucky, the craziest part is that it hit the top three in that Bonk Fun
And the second placeholder right now is that ANI token which is an elon touched meme coin basically anything that is around the elon narrative and this one's
got a little bit of staying power because he's consistently developing uh around these characters
with that new grok ai model or whatever so the constant mind share can keep appearing right
that's why the bunk fun guy has kind of endorsed it because of that potential staying power. But this Bucky token
purely community and vibes alone
already is seeming like it's
going to flip Annie which again is an
Elon touched coin and they've already endorsed
if you give that same momentum
to Bucky with an endorsement
I just don't see how it could even contest
useless at the moment just because
it's looking locally like weak after such a significant run I think you it could even contest useless at the moment just because it's looking locally like a week
after such a significant run.
I think you could come to contest useless pretty
quickly if that endorsement is there,
start to endorse the token if it's already
pulling such crazy numbers
with nothing at all. It's already flipped the other
ones that they endorsed like Tokubu or whatever.
So yeah, it's just going to add fuel to the fire.
But I've basically got nothing else to really add to today's space.
Mainly just wait for that broader market confirmation
Matt, is there anything that you wanted to say?
I'm looking at one equity and one equity alone that still hasn't launched yet, and that's 21 Capital.
I know we've talked about it before, Wabi, but it is the most obvious big name in Bitcoin treasury companies that still has yet to launch and is on everyone's radar.
treasury companies that still has yet to launch and is on everyone's radar this thing has first
day first week pop written all over it I wouldn't be surprised if it ends up just giving like an
immediate blow off top and then you got to stay away for a month or or more but I wouldn't touch, again, I would not touch the SPAC. Any holders of the SPAC are
going to get converted at a paltry 2.7% ownership when the merger completes and they convert to
XXI. That's the final ticker for 21 Capital. But all that money that these retail investors
or big names are pumping into the SPAC,
that's all going to be just more buying power
for the future merged company.
Obviously, they have some massive backers,
everyone from SoftBank to Lutnick's old company
to the biggest name, in my personal opinion, Tether.
a majority shareholder in the future 21 capital. I like it for now. I like it for medium term. I
like it for long term because I don't know how many of these Bitcoin treasury companies are
going to survive the next bear market. Probably what? One out of four, maybe even worse, one out
of five. But this one probably will they
they're going to benefit from tether's cash flow in a bear market yeah these these guys uh have a
winning business model it'll have legs so i love it on first day if it goes into a massive blow up
top like if it immediately does like a 3x or a 5x uh i think you stay away stay let that let that cool off uh but keep it on your
watch list for a long time yeah i'm waiting for that one man that's gonna be a that's gonna be
a killer ipo yeah uh they have like what like a 300 mil valve 400 mil valve yeah on the spec
that's just that's just gonna to be extra pure bitcoin buying power
uh come day one like yeah it's uh i don't yeah just fill my price in uh pre-market i don't care
i'll just take it yeah i'm definitely going to participate man and um i'll buy an open market
if i have to if i can't yeah but yeah if i can't if I can't get into bullish, which is that program, which is where they allow users of Robinhood to participate in these IPOs.
That's going to be so cool.
Because it's a SPAC, there's not going to be any IPO.
There's not going to be any Robinhood initial offering easy way in.
It's going to be a mad dash when they, it's going to happen quick.
You're going to get an announcement that, oh, the merger was approved by shareholders.
The SPAC will be converting.
And then it'll literally just happen within a week or two.
And you just better be at your screen because, I mean, we've seen so many of these crypto equities.
They don't even care what the business final is.
They barely care what the company does.
yeah, it's complete animal throth out there.
And this is one of the few better ones
So keep it on your watch list.
That's what's up, man. Yeah. I want to thank you guys so much for coming up on the panel and
talking shop with me. Cantra, I'll send you another invite to speak in case you want to
come up and talk some shop for a few minutes. But if not, I'll go on up ahead and wrap up today's
show. And I want to thank you, Matt. Thank you, Donnie. Thank you, Paulos, for coming up and talking shop with me.
Shout out to all of you guys.
And in case this is your first time tuning in, you want to keep up with what we do.
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So we have most of our analysts at BB, that talk shop here on Market Talk. But feel free to give
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And we've had a lot of those up here.
He's personally one of the only ones that I would vouch for.
Matt's been up here on these spaces with me for almost three years now.
Palos is another GigaChad also.
He bought AI16Z at like two mil three
mil market cap and has honestly been a beast in these markets when it comes to everything that's
on chain but if you guys uh oh what's going on paul is that your kid sorry about that that's good
man that's good bro that's good that's that's a beautiful thing man paulos recently became a dad
spread recently became a dad jack Spread recently became a dad.
Jackus recently became a dad.
So it's good times, guys.
But I want to thank you all so much for tuning into today's show.
We'll be back on Wednesday.
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So thank you, guys. Feel free to follow me on my personal, which is also up on the stage and also follow donnie matt and paulos and uh
spaces are recorded as always so peace out guys take care bye I love you, I'm the man I love you, I love you, I love you, I love you
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I love you, I love you, I love you, I love you, I love you I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I love you, I Yeah.
Yeah. It's a shimba. It's a shimba.
It's a shimba. It's a shimba. 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 아 Thank you.