Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm going to go to the next episode. и и
Just break your back Oh Oh, my God. Oh, my God. Oh, my God. Oh, my God.
Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh, my God. Oh Oh I'm gonna have to. Thank you. music Thank you. Oh, my God. Oh Oh How do we go? What's the heavy sky? What's the heavy sky?
What's the heavy sky? Thank you. Oh, man, I almost gave the intro.
I almost gave the intro being on mute.
But anyways, guys, welcome back to Market Talk brought to you by BB.
And, man, the S&P 500 has officially made a new all-time high.
We also have the QQQ about four points, three to four points away from making a new all-time high.
And, you know, if you guys have been tuning into these spaces, when David came on last Wednesday,
I was mentioning that I think the one thing that we need in order to really have
that strong breakout where BTC could test 100K, ETH can maybe go to like 35, 3600,
is for the Qs to make an all-time high. And certain altcoins that we were talking about
during yesterday's show, Hyperliquid and Pump, are doing quite well today.
They're doing really quite well.
I know Louis has some longs, so I'm glad at least some of us are making money in the altcoin space.
There's really not much happening on chain now after the Penguin and some of these AI slot bots that only lasted a few days.
after uh after the penguin and some of these ai slot bots but only lasted a few days now it's like
a lot of the bid is um going to actual high caps first you have pump outperforming
hyper liquid outperforming and um it's kind of giving me like q3 deja vu when uh when those
tickers were outperforming and um i know we also have some earnings coming up as well fomc is uh is it a
few days here so man i uh i'm feeling a little optimistic um i just would like to see btc actually
make new year-to-date highs um copper's been doing well gold is uh probably gonna make a new all-time
high same thing with silver iron is doing tremendously well I still like that stock as far as like the
miners and the whole AI space when it comes to crypto I think it's probably
like one of the only crypto AI picks where I'm comfortable in averaging and
when it comes to equities at least least, because in crypto, there's really not many options.
I'm not a believer in Tau or Render or really anything in the crypto AI space long term outside of virtuals.
I think that's probably like the only project that I'm bullish on long term when it comes to crypto and the crypto ai stuff
when it comes to actual tokens um it's also like the highest cap token um on ethereum right now
outside of uh outside of pepe which i honestly think pepe is probably going to have a huge monster
run um at some point this year um probably after pow leaves man i think that is probably going to have a huge monster run um at some point this year um probably
after pow leaves man i think that's probably going to happen after pow leaves um and pepe has just
kind of been like in this in this mini range after that a huge pump that it had earlier this year
and what a way to start off 2026 i remember when we went live i think it was on the second where we went live and pepe had a
day where it was like up 40 but talking about low beta and all that stuff we also have eem the
emerging market ctf that uh uncle joe mentioned like two weeks ago that's blasting into price
discovery as well and um me personally i'm still of the belief that like i i really think the
queues need to gap up um like five to eight percent above their uh all-time high in october
to really see majors break out and hopefully we actually do see an on-chain season that uh is a
bit bigger than what we saw in the summertime which which was great. You had LaunchCoin going to 400 mil.
You had Eustis going to like 500.
You had Troll going to 300.
Plenty of stuff on base was rallying.
Ray was making new all-time highs week after week.
Tibber was also blasting.
Man, that was such a sleeper trade in 2025.
Tibber went to like 450 mil or something like that, man.
And so I would like to see some stuff coming out of the base ecosystem.
If majors are really going to trend higher, that's some signal you actually want to see on-chain,
solana leading you actually want to see base participate because when base
You actually want to see base participate.
participates that's when you know breadth is actually present and it's a
bit it's a bit more easy right it's a bit more easy we saw these AI coins yes
they hit 60 mil they hit 50 mil I think surge one to like 80 mil that's that's
a that's a ticker I still like tomato hit like 30 mil that's that's a that's a ticker i still like uh tomato hit like 30 mil
that's another one that i still like um but most of these moves happened so quickly most people
weren't actually able to catch them i think base is like the tortoise and soul is the hair if that's
if that's a good analogy prometheus i know you're, I know you're into these parables and all that stuff, right?
I was actually seeing this anime called The Record of Ragnarok.
And I saw a part of Season 2 where Hercules fights Jack the Ripper,
and there was a lot of cool sayings on there.
It's probably one of the greatest animated fights I have ever, ever, ever, ever seen,
not only in dialect but also in price action.
You guys should definitely check that out.
Did you say in price action as well?
Did I actually say in price action?
I said in action, in animated action as well,
In price action, you know?
Imagine talking to someone in real life,
like ordering something, and you're like,
oh, man, this is some interesting price action.
You know, but anyways, guys, got a number of people up here.
Got Prometheus, got Josh, got Matt.
I didn't invite David, so he usually comes on our Wednesday shows, but I sent him an invite anyways.
We're also going to have Big Cheds come in during the second half of the show.
Probably at like 4.15, 4.20, something like that.
Big Cheds should be able to roll through.
Same thing with some of the other people that I had scheduled on today.
But either way, guys, I hope you guys are having a great start to the week.
Happy Tuesday or Wednesday, wherever you are.
Spaces are recorded, recorded as always guys and it's again really
interesting to see all this price action just unfold at the start of the year over the last
few years January has often been quite slow and it's not really until like mid-February going into
mid-February we really started to see all the volume coming back
into the markets right typically going into thanksgiving week markets globally have a huge
drop in volume across the board uh people clean their books and and it's usually going into chinese
new year where like a bunch of this uh that's that's present usually after Labor Day
starts to come back into the market. And the way quarter one ends is usually an indicator for how
the rest of the year is going to be, or at least Q4. I think that's the trend. The way Q1 ends is
the way Q4 ends. So if we end up having a bullish q1 then at the very least
um i would say an echo bubble of what we saw in the summer of last year i understand 10 10 happened
and uh these things take time to recover from um usually about six months or so, six to eight months.
Um, you guys saw what happened in Q1 of last year with, uh, I, I honestly think Melania
coin and Trump coin and Libra coin were way worse than 10, 10.
And then I, I stand by that, man.
Like Pepe went down like 90 plus percent, man.
Um, tokens that went to billions dropped by like 95 percent hyperliquid went down
to like seven bucks eight bucks um and it took the market about six months five to six months
to fully recover from that so if if we just use the same time frame then then that would lead towards Powell's exit and the new Fed chair to come in,
which I really think that's going to be the true start of what people would consider an
alt season or at least an echo bubble that we've seen, that we saw in 2023.
But anyways, guys, before we go ahead and get started, if you guys can go ahead, show
some love to the stream, show some love to the stream
show some love to the space best way to do that guys is by clicking the spaces tab once you guys
do that right above our profile pictures right up on the nest you'll see that nice link that says
x.com slash i slash spaces go ahead hit the like button hit the retweet button guys does a number
of things helps bring out the show more out into the algorithm brings more eyes and ears to the brand and of course guys feel free to check out any of
our links and our bio checkouts of our products and all that good stuff so uh i'm gonna first
kick it off over to josh josh what's going on man how are you feeling about the markets
and it's great to have you on the show man We have the queues about to go into price discovery.
We have the emerging market CTF from price discovery.
And, yeah, man, how are things looking on your end?
Yeah, dude, thanks for having me on again, man.
It's always a pleasure being on here.
It's by far the best Twitter space on X, guys. So, you know, I said both domains there.
But, guys, make sure you guys hit that like button and repost if you haven't already.
Wobby hosts these literally every single day.
I don't think he ever misses.
And it's just some of the best alpha you can find on X in terms of markets.
But, yeah, I mean, where I'm at right now is very interesting.
I mean, for the last week, I mean, obviously, I'm launching a really big show coming up here for esports trading,
where I'm working with a lot of large scale conferences you guys know around the world.
And so it's really cool to be able to have these negotiations and conversations with
like marketing budgets and events budgets and their team managements for like media
It's kind of overlays to where the market is heading both in terms of sentiment and
And shockingly, even despite the huge
corrections in these markets, every single like institution and events partner I've spoken with
are all receiving more money to host larger scale events this year. So for me, I'm very excited. I
mean, of course, there's a near term on the micro aspect that is in relation to your macro, but is
like, you know, the FMC meetings, like that's going to cost, of course, you know, volatility in the markets, the uncertainty with
the government shutdowns, it's going to cause, of course, uncertainty with the markets.
I still heavily debate the bears that think we're going to go sub $75,000. So for me right now,
it's like, it's just all about accumulation. The three to six month trajectory, moving
specifically in half two of this year,
every partner I talk to is nothing but excited and receiving massive allocation and budgets for
larger scale event production. So to me, it's kind of identical to using indicators on a
trading view platform where you can kind of start projecting out, you know, based off historical models that we do with all of our bear market indicators. None of the quote unquote bear market
indicators that you generally see in events, budgets, and marketing are flashing the same
way that they did in 2022 or 2023. And I know it's very weird to kind of talk about the market
from that perspective, but just being able to handle a lot of the BD and client relations now
and the high scale production, it's very cool to see the market actually opening up even more because of the deregulation.
So I think the number one thing I've really spoken to our partners on is specifically regulation and the Clarity Act.
And if you guys didn't see, Tether just announced something incredible today, which was their USA Tether, which is just a federally
regulated. It's a dollar-backed stablecoin, all specifically, quote-unquote, made in America.
What this kind of represents to me is just another artificial Federal Reserve.
Tether is becoming more powerful than ever, and they're one of the largest lobbyists behind the
Clarity Act. And so really what I'm hoping for here is that with the Clarity Act, some of those amendments
will take place where they allow stablecoin yield to operate within our DeFi ecosystems. Because
the issue with the Clarity Act for me isn't the fact that banks are necessarily... Of course,
banks are going to try to get their say in this and try to grab everything. But the issue I have
is these politicians that are advocating for eliminating DeFi yield opportunities to your regular retail market and crypto.
If the institutions, because regional pagues in quotations, have a national security concern or risk concern from Coinbase and other exchanges offering these yield opportunities.
If they were to block that access, the question I would have isn't what that means for the exchange.
What does that mean for all these ecosystems that rely on DeFi applications
and high yield aspects? Because if you can't offer that, that is going to affect liquidity
in these DeFi products. It's going to affect retail access to just the products that have
been executed and built with the hundreds of millions and billions of dollars in investments
to all these layer ones and layer twos. And so seeing that today was kind of, seeing Tether get that
access does give me a little bit more excitement or optimism in terms of where the Clarity Act is
going to land. But that's the trajectory here. And so why I'm talking about regulation is when
I'm looking at these exchanges, all these exchange partners, they have no infrastructure for US-based
markets. And even if they do, they're very, very, the referral programs suck. They have terrible order books. The liquidity is
very, very tight still in these market conditions. However, they're all talking about expanding into
the U.S. market towards half two of this year. So I guess I'll wrap up with that conversation.
I mean, that's a lot of different information than usual. But really right now, just seeing
the business development side of it and the investment side, it's hard to be bearish on the actual industry itself in terms of what that means for altcoin action.
Of course, we are going to completely rely on liquidity opening and back up into these markets.
But from an investment standpoint, I'm seeing nothing but expansion.
Yeah, man, I think if we actually do have have uh geez my voice is getting deeper isn't it
wow i've been eating beets and drinking pomegranate juice um for any for any tips on how to get a
true name food right there dude bro but uh anyways man if we do get that liquidity expansion or liquidity injection into the U.S. markets, dude, I don't want to be known as that pump show guy.
But outside of Solana and ETH and all that stuff, that is the platform that benefits off of on-chain liquidity. Like when we talk altcoins, I really don't know what else there is, Josh.
Some of these uncalls are just in this massive range.
I know people have been talking about the fabled link breakout.
And, man, maybe in five years, Link.
Imagine if Link ends up being like an Amazon, where AmazonPost.com did nothing.
It did nothing outside of like that 3 to 4x bounce.
And then after like 2011, 2012, Amazon just went ballistic.
I see Chez in the audience.
I'm going to send him an invite to
speak um hyper liquid as well um the stratify loves their their their perps futures and all
that stuff and you can trade stocks on hyper liquid man um of course it's not as liquid as like
td ameritrade or like a robin hood or whatever brokers that you use
um but when we talk about like the tokenization.
It's pretty damn close, to be honest, now.
Yeah, with the volume that's getting pumped.
I don't know if you saw like what it's at.
I think HIP did like, there's like.
Did like a, what was it like a, I can't even remember the number,
but it was ridiculous how much volume is getting traded on commodities now and there.
And I actually know this Trotify whale in South Florida.
And he's interested in parking some of his capital into crypto.
And I'm like, man man i really don't know like if someone were to
ask me like where would you park like a substantial amount um of money like if it comes to all coins
it would either be hyper liquid or pump i'm seriously not confident in in anything else um
i don't know who's bidding pippin bro bro, but that thing is just weird price action, man.
I click on top gainers on CoinGecko, and it's like some of the weirdest things are pumping today.
Really, really, really strange things.
But I do like to see Hyperliquid hyper liquid clanker and some of this other stuff
pumping as well but um yeah hyper liquid got got uh shilled i got a hard shill on bloomberg from
that from that trad fight guy when it was trading at like 15 bucks and i think like worst case
scenario if someone were to buy hyper liquid between like 25 to 30 and i think like worst case scenario somewhere to buy hyperliquid between
like 25 to 30 bucks i think the worst thing that can happen is probably like a 60 haircut
and you just take that to the chin and you you're probably in profit in the next six months because
that's just how volatile the market is to be honest crypto does this weird thing where it
does nothing for a few months pumps up pretty fast and then dumps weird thing where it does nothing for a few months pumps up
pretty fast and then dumps by 50 60 percent does nothing for a few months and it's just like
over and over and over again but uh i'm gonna go ahead and check that out man um i did not think
that hyper liquid was starting to get that much traction if you're if what you're seeing is actually
true then I don't really pick out the numbers I think the oh I like quadrupled
in like a week on the play so this isn't crypto this isn't crypto guys this is
like trad fi guys bridging on over to the hyper EVM then isn't it isn't it
Prometheus like this is like chat five guys yeah products I would think so I
think it's money managers you you know, institutional money that wants, you know, access to platforms that are, you know, one, decentralized and have ease of use.
I mean, that's kind of what I'm thinking, man.
It's, you know, if you look on there, that's what it looks like it's either that or you
know everybody's bored in crypto and so everybody took their hyper liquid accounts and max long
silver i mean it's one of the two yeah um so the monero people are now uh buying copper on
hyper liquid it seems probably They probably are, man.
If you look at that chart, that chart looks super freaking topped.
Yeah, I think Naka marked the top on that one, actually.
When privacy coins run very hard against majors, after majors have a big run, it's usually indicative that's one of the only runs that they're going to have.
But Cheds, how are you, man?
What's going on, brother?
What's up, ladies and dents how we doing
man i i i think most of our demographics are actually
men i think like 98 of it is just like men between uh between like 24 to like 35 38 something like that um yeah you can smell the testosterone here yeah that's it
literally man but ches how does um liquid and pump look to you i think i think you've covered
yeah before haven't you well i've covered a bunch it's looking okay now actually it's got some
relative strength today kind of breaking out a little bit.
Yeah, actually, what's it called?
Pump has a little bit of mojo here.
I like the volume after the big drop from, you know, September highs all the way down to the December low and all that volume.
A little bit of accumulation and kind of trying to make a push back up.
trying to make a push back up so i've got pump as one of the better looking ones right now
So I've got Pump as one of the better looking ones right now.
yes like relative to like most of uh the uh the entire alt space so what are some targets that
like you'd be watching out for if if i were to come into the market yeah like hey i want to i
want to get some pump where would be like some entries that that you'd be looking at or is this
a or is this something where it's like yo this thing that you'd be looking at or is this a or is this
something where it's like yo this thing has momentum it's on a clear breakout i want to get
in now because i mean i think when we see charts like pump uh that are breaking out everyone gets
that same signal and then before you know it it's up like 35 on the day and yeah, you actually miss Miss like a meat of the move because at this point pump is up like 90%
Off of the mid-december low, isn't it like 90 95%? Yeah
Yeah, but it still doesn't have like a major um
And good to talk to you and thanks for inviting me wabi
It still doesn't have like a like a big lower high break, you know
Like you can have like the a lot of time like the biggest bounces are in downtrends so it's like it's easy to be like oh i missed it and blah blah i mean
it depends like if you want to get the meat of the move uh as soon as it clears this early
december high which was the october low right around like oh oh three four five like that's
a nice level where you can use to like define your risk right like
if it's going to make a push towards the prior highs if it's going to do something
um there's a whole thing where like you have to avoid like getting chopped around too much and
you can just jump in and like a diagonal trend break i like to just look for like a lower high
right and use that like to to kind of let me know okay now it's time to kind of you know take take a
So you can view this all as just a bounce and a downtrend,
I think, until it clears maybe that level.
But it's clearly got some momentum.
There's signs that it's going to make a push-up and probably will break through that level.
I heard you talking about hype.
I mean, it's just, hype just like jammed
I mean, beautiful candle today.
So hype's got a little mojo.
Just doesn't have the same volume that pump has,
which it makes me a little bit more suspicious about the hype pump,
Like all that volume and accumulation I'm seeing on pump makes me a little
Like if I was going to pick one between the two,
not that you like have to or whatever.
so to like directly answer your question,
like pump just from like my style of ta
if it can flip that that early december level um that's a nice level to use to kind of structure
a new long trade ches would you say that pump um is looking similar to hype second wave where
it had that first initial wave from two bucks to like 40
had that massive drawdown to like seven or eight bucks and then went on to go to like 65 bucks or
something like that yeah uh-huh you say like they have some similar chart patterns if if you're
looking um at charts right now uh i don't know i try to avoid that kind of analysis it doesn't
really i mean probably bet
there's plenty of better traders than me and analysts i just i try to like i don't really
think that way um they look like different stories to me really um like the pump at least on coinbase
had its initial high and then it like the new high in september and it's just been lower high since
then so i don't know i don't like think of pump like and try to match it personally with like you know
like hype or whatever in terms of like comparing the charts and like looks like this i mean you're
really good like that i've listened to you and you're like oh this reminds me of uh of link uh
you know 2018 you know april 3rd at 4 p.m like i don't know how you do it like you've got like a
I'm just kind of, I try to just simplify it a little bit
and just look at the chart in front of me.
And be like, okay, this chart looks okay.
And where would I be interested to think, like,
momentum's turning around?
Like, it's been, like, a shitty part of my French environment.
And there's a bunch of green today.
I think you just got to decide um which chart to play and like what are the best levels because not all levels are created equally and like hype's got a pretty clear level if it can hold 27 28 and
like pump's got a pretty clear level if it can hold you know oh oh three four or whatever and
to just try to you know for me i suggest try not for
me i just don't like to compare the charts that way does that make sense yeah yeah i i understand
chuds i i uh i do um from a valuation perspective i know pump um i i wouldn't say it has like more chances of multiples because we know how the market loves
to trade people but at least from a short-term perspective i think um and even the charts are
showing you right pump definitely could have some higher multiples it's just like like long-term
with all coins that that's where it kind of gets tricky, right? We saw what happened with
many, many, many years ago
the crypto participants were saying,
oh, it's too high of a market
cap, there's no way that it can
pump super high, and then
to kingdom come, know and it just
absolutely shocked everyone you know um and cheds i'll tell you what man talking about like
volatility and all that stuff my building had a ton of volatility they rang the fire alarm for
like an hour straight it was disgusting it was terrifying and all the dogs were going
crazy i tell you what um did someone let them out does someone let the dogs out i mean they like
you know some i mean people in south florida like they there see more people with puppies and then than children um
yeah that which is it's it's it's kind of scary honestly but um anyways man but what other majors
uh are you looking at outside of um pump and hype like what looks yeah i think like dash is
kind of interesting around if it holds here like at 57 range. I was just looking at it right now
Um, if you look at the nice advanced dash head, uh starting in January
Now just looking at the volume like it had almost like probably like a 50% retrace which is a nice
consolidation if you think about like, um
Like say you have a big move up, right? You don't want to give up all of it
But like 50% a good move a good amount
You know like you give up, you know, two thirds or like 80%.
Like there's no juice there, right?
The best performing classical charting is like a high and tight where you really only, you know, like 33%.
You know, you see those really tight consolidations.
But in any case, I was just looking at Dash and I like how it lines up with the October highs.
And we're consolidating november
for people aren't watching it's just kind of like a nice clear level um so i kind of like dash in
the 57 range uh i'm keeping an eye on chd actually chili chili cheese whatever that one is
chillers that's the sports token yeah yeah i like how it's like a really bad chart but like
could be turning around had like a weekly turnaround.
And for me to like define my risk above five cents is reasonable.
So like if it holds that, it's like on my radar.
So I kind of think that one's kind of interesting.
Yeah, Dash, we talked about pump, hype.
Just kind of looking around.
I'm not sure if, because I'm kind of waiting Zcash for that for around 270 260 i don't know if we get there so i'm not so sure maybe maybe zcash but definitely
chz um and dash let me check another list you caught me in the middle of a video game here so
let's see uh let's see hype yeah nothing else too too too much um
and yeah so those are the ones i would say right now i think um are the most interesting to me
um and you know if we could fall through talking about majors like ethereum so like bitcoin right
bitcoin can flip 90.5 um there's a little little mojo there right bitcoin flips 95 ethereum holds here at like
3k there's a little space maybe for some of these alls to do something um so i think we shall see
we shall see because i can kind of turn things around a little bit in the short term um what i
find interesting i don't know you're you're a fundamentals guy like everyone's talking about
money rotating into crypto right after is that cope right are we just waiting for silver gold is that cope that's the deal i i will be
honest i think that is pure cope i do not think that there is going to be a rotation yeah anytime
soon from gold or silver into btc why not it's digital gold and silver like coin to the moon absolutely not like look look
man here here's the deal right like i was a huge huge huge trump proponent uh for the crypto market
specifically i don't really care about anything else's policies or any of that stuff um my idea
going into 2025 was like all right uh trump's gonna come in it's gonna be absolutely
massive for crypto it's gonna be huge and then um his people dropped the token and then the
melania token and then his boys like the the president of argentina dropped the token yeah
and then when that happened like the entire most of the space has been trading a lot differently
outside of like a few sectors right like the on-chain market right where you have to
go on uh jupiter or radium or meteora to trade these tokens on uh solana or go on uniswap
on uniswap or aerodrome if anyone even even uses Aerodrome, to be honest, to trade on base, right?
So it's been like a small cohort of participants that have done well since he got into office.
Very, very, very few people outside of BTC and ETH going into Price Discovery, of course, and Hyperliquid, whatever.
It's only been a few participants that have experienced any sort of euphoria right and
i think that like this administration the biggest benefactor are those that trade stocks
it's those that trade stocks um he he gets off on the dow jones and the s p 500 and the nasdaq going higher
yeah um and also commodities going higher basically trad fi going high he's a trad fi guy
yeah so like why would i expect any sort of rotation and i i we saw this in 2019 right
crypto had a a huge bounce from the lows at 3k we hit 14k um and then for the second half of 2019 we were in
a bear market whereas tradfly was in a bull market same thing with 2018 um so i remember clearly and
i really do not know why people are like ah dude like midterm years are are always bearish no they're
not tech tech was ripping from the start of 2018 all the way to
like september and then we had that quick drawdown that lasted a few weeks in 2018 where the s&p went
down like 20 21 percent and we've we've re-reversed it in like three months so he is a stock guy and
that money does not rotate.
and it's a generational thing,
my dad asked me about the stock market,
he's always referring to the Dow Jones.
where's the Dow Jones at?
is the Dow able to get over 48K, right?
And there's always this talk about the great transfer of wealth and all that stuff.
And yeah, it's going to happen, but it's going to happen in 20 years, right?
When boomers kick the can or what?
Yeah, like 20 20 25 years like
if you talk to a healthy boomer right one that's like 75 80 years old they talk like don fry they
look like don fry like they have a strong voice they're still healthy like yeah this great transfer
of wealth it's it's going to take some. But either way, I think crypto people really have this anxiety, this impatience. If you take a look at the NASDAQ, right, that ETF was live in 1973 and it took like 20 years for tech to really take over industrials in a big way you're talking
you're talking 20 years and crypto as we know it is barely even 10 if we want to
include aetherium and all coins and all that stuff it's barely even 10 yeah but
we know crypto kind of moves a lot faster than tried fly so i think if we compare crypto to trad fi we're probably like early 90s late 80s
nasdaq right like so so basically going into bush senior's term something like that i would say um
and i think it's actually like trump's last year year or the next president where like we really see ETH go to like 25,000, 30,000 or whenever the next wave of QE and ZERP happen, which I think will be bigger than COVID.
If I'm wrong on that, whatever.
But that's just my dubious speculation that's just my dubious
speculation um so no easy rotation right silver tops we immediately 100x long bitcoin no no no
no i mean if anything if gold and silver um start pausing, crypto might actually have a little bit of a correction,
to be honest, I would say.
I think the rotation to be made is into copper
and some of the other precious metal plays.
I mean, they've done well.
I think that rotation is kind of where,
if you're wanting to compound some of those gains,
I think that's probably where you need to be looking.
Let me hop in real quick on this.
Honestly, I think you need to be staring with two eyes on gold.
I don't think there's going to be any rotation into any other metal
if gold finds weakness and starts to consolidate or has a correction.
Like, everything is pumping because gold is pumping.
So, I mean, if you think like, oh, okay, now next,
I'm going to go from silver into copper, into palladium,
into platinum, into what?
If gold starts to consolidate or correct,
you've got to expect all the other metals to act immediately in kind.
Well, I mean, yeah, yeah.
point like mostly what i was referring to is like i think the rotation game is you know into some of
the other metals now i agree with matt like if you start to see you know the big dog roll over
like it's the same thing with like you know ethan altcoins in relation to bitcoin right i don't
think it's you know there's any difference there. But you have Russia and China literally
just max bidding gold right now. And Poland came out, I think, was it last week or something,
saying they're going to buy 7,000 metric tons or something crazy because they realized the EU is
just completely a piece of shit. It it's like um you know you have countries
that are just aping you know these metal plays and so in the back of my mind it's kind of like
one of those things where it's like you ride the wave all you can big fight right now is the
commodities within each hemisphere being you know united states in the western and china china in
the east china and russia in the east and they're trying to like lock down commodities within their hemispheres um i mean the admin came out i think was it this
week or last week saying they were going to buy like 10 of a you know a rare earth metals company
right u.s i think ticker usar um yeah you know us us rare earths. And if we've studied anything or if there's been anything
to study from the cycle, it's like, Trump will tell you what to buy and you just shut up and buy
it. Like you don't fight, you don't buy, you don't fight it, you know? And he makes it blatantly
obvious, you know? Um, and so, I mean, I'm in, I'm in that camp right now. Like if the United States government is buying 10% of a rare minerals company, like.
That's exactly what Levinson said, man.
He's like, just buy what Trump says to buy.
Dude, it's the best play.
It's been the best play this cycle.
You know, Trump says he's going to pump Bitcoin.
You know, you buy Bitcoin, you know, Trump gets bullish on X, Y, Z.
You get bullish on it because, because it pumps like it pumps like crazy, you know Trump gets bullish on XYZ you get bullish on it because because it pumps
like it pumps like crazy you know and it catches a bit and if you look at you know some other
tickers like CRML I think is another one you look at like or the or the big one if Trump
literally tacos we all this time last year we remember liberation day and then this year too
a smaller taco but you know with uh greenland but it counts then you just bid everything yeah it's
just like rinse and repeat it's like that playbook i think like kobe kobe she or kobe eshi letter or
whatever the hell that account's called um you know, they were talking, they put out something, oh God,
it had to be in like six months ago about the Trump playbook, right? Where it's exactly what
Matt said. You know, it's just the same pattern over and over and over again, like announce
tariffs, you know, talk, escalate tariffs. Then there's a deal, Bessent comes out. Then after Bessent comes out, you know, say start to walk back tariffs and then announce that a deal was made.
Right. And they've just been like kind of historically, it's a very crude outline of what they do.
But like that's what they've done in the past, you know, past kind of 12 months.
Right. So it's been just that on repeat.
And, you know, I mean, you look at the
companies too, like, just look at companies focused, like Intel, right? Look at what happened
to Intel. He's like, Trump literally came out and he's like, I'm literally making like NVIDIA
and like TSM invest a bunch of money into, into like Intel, right? And at that time, Intel was
like 25 bucks a share. And all you had to do was just buy intel
it's yeah shitty chips right and nobody likes intel it was it was more than a double in what
three months yeah one quarter yeah it was one quarter for quick and you just have to let give
it time to play out like it might not happen immediately um but you just give it a little
bit of time to play out and then once you, you kind of see everybody started talking about it, you, you know, take
your profits and be happy and just wait for the new thing.
Because I mean, like we've been talking about this admin, what do they, what do they care
Like they care about supporting the stock market.
Like they don't care if they, the number one priority is supporting the stock market.
The number one priority is supporting the stock market, right?
That is Trump's linchpin.
You know, it's like if there is Achilles heel, you know, if there's one thing that were to happen that would make him back down on anything, it would be, you know, you know, turn in a heartbeat right you would you would do whatever's necessary
to make it you know so that the the stock market bounces back or you know you know reverses course
so that's kind of the playbook right now man is in my opinion is like we're seeing and and you can
look at it from a statistics or from like fundamental perspective, kind of the long term predictions for where copper is at and kind of like the regards to like supply and demand.
And, you know, it takes like a decade and a half for these, you know, mega mines to come online and for them to actually start, you know, producing or, you know, or quality is going down. We talk about electrification,
everything has copper in it now. Silver will never, ever, ever, especially after what just
happened over these past three months, silver is never going to be used at scale in industrial
products for electric goods and stuff
like that. So that just even more so means that you're going to see more consumption,
more copper consumption. Um, and interestingly enough, copper, uh, is for the most part,
the majority of copper that is mined is actually just a byproduct, or the majority of, excuse me, silver that is mined is just a byproduct of copper mining.
So, you know, the two kind of go hand in hand from a technical perspective, Chads. I know you're
a TA guy. I am myself. You know, I mean, that's a decade long range. You're compressing up into
range highs, setting this beautiful higher low structure. I mean it's textbook right and it's yeah
silver did you know thing looks like it's going to break out absolutely brother hey guys i was
going to chime in here uh appreciate you guys having me up to speak i haven't been on one of
these spaces before but always kind of glad to jump in to trader talk i'm not a trader myself
i'm actually a builder i'm not sure how many familiar people are with Quai and what we're doing. But Ched was just talking a little bit about altcoins and kind of the idea just around where altcoins are headed.
altcoin and a layer one that is proof of work. It is interesting that you do call out Dash and
Litecoin and some of these other tokens that have such good distribution and have been around for a
really long time. I think that really stands out to like kind of having that commodity-like feature
in a crypto asset like Bitcoin, like Litecoin, like Monero, Zcash potentially as well.
And so, you know, definitely from our side as a builder
and as people looking to bring things into market,
trying to create something that looks like a commodity in this commodity cycle
as people are looking at, you know, what is actually scarce,
what has distribution, and what can be looked at kind of objectively
versus being like, oh, here's a, you know,
proliferation of tokens that really have no value or no utility.
So definitely interested to hear from you guys on what you're seeing in the utility space,
what you want to see more of, and where you guys think a lot of that is headed.
I personally am excited about the crossover still with crypto and AI.
I think from an administration perspective, they still want to get as much crypto and AI
David Sachs being in the White House
and I think doing a lot on the AI front,
but crypto kind of stalling
in terms of some of the latest market structure bills.
That can definitely be a catalyst in the short term.
But I'd kind of pitch it over to you guys
just in terms of traders and being in the market,
like what you guys are looking for on the utility front
and what you guys think crypto needs
to really kind of push through the next barrier of adoption here.
This would be for Josh or Prometheus.
Either one of you guys can go.
I mean, right now it's, yeah, I mean, I think everybody's touched on this very, very well.
I agree with Matt a lot that I don't think, you know, position yourselves to hopefully see gold rotate to other commodities or these assets is going to be necessarily a big play.
I think where most of liquidity is going to simply come from is, I mean, if you want the absolute bullish opium in the short term, if the SPX breaks 7,000, it's going to immediately mean we're now talking 8,000. We're now talking about the
possibilities of 10,000. And that could generate some optimism around the higher asset markets.
You had Donald Trump come out 33 minutes ago. Actually, this is kind of breaking news.
He announced that he believes that the US dollar is at a great value, which in other terms,
and the translation for anybody that doesn't know, the dollar is at a great value, which in other terms, and the translation of that for anybody that doesn't know,
the dollar is at a very weak position. I think it's at its lowest point since 2022.
And what that means is he's okay with driving the cost and value of the dollar down,
because that means we're going to have lower interest rates, increased manufacturing,
and hopefully more assets perform very, very positively up and towards midterms.
Scott Besson also came out today and he announced that he thinks we could see a zero inflation
economy with an economic boom for the next foreseeable future.
Donald Trump hasn't been, I agree, I think with Prometheus talking about this, is like
if you're betting on any policy, one thing you have to give the Trump administration,
doesn't matter a political side that you're on, is they've been almost 100% accurate in all of their investments and their calls. What they've
said that they're going to invest into, they not only invested into, they performed extremely well.
So if you see the SPX break 7,000, I would say expect some upside. I think that's going to be
really good for just your asset classes that are more risk on. In terms of what I want to see to really turn this
market around is back to what a lot of people on this panel already were making points out of today,
which is there's a huge structural shift happening. And I can't highlight the clarity
act enough. I'll be in a movie that's releasing in theaters actually across the nation here with
Robert Kiyosaki and the author of Creature Jekyll Island and a few different senators.
Kiyosaki and the author of Creature Jekyll Island and a few different senators, that
kind of goes over the structural shift that we're seeing with our financial markets, but
Clarity, if the banks truly eliminate yield opportunities from stablecoins from the altcoin
market, it's not good at all for crypto.
And even though we're lowering interest rates and you have, you know,
liquidity starting to open back up, the Fed starting to buy back treasuries, etc., whatever
they're doing, whatever you want to label as QE, the market might struggle, not necessarily because
of the liquidity at that point, but rather the restructuring and retokenization of a lot of your
traditional market assets, or not traditional markets, sorry, your crypto assets.
What I mean by that is just look at where the money is currently on chain.
It's all in stable coins, it's all in tokenization,
it's all in these yield opportunity aspects.
And if we move to a industry that the Clarity Act,
and we'll know this, hopefully they pass it
and we have the amendments,
we don't have to worry about this conversation.
But if they do, there's a serious conversation
as we had on a lot of these altcoin ecosystems that rely on transactional
volume through DeFi. And their DeFi products are only attractive to retail or institutional
investors because they offer high-end yield opportunity applications. And so this is a huge
discussion that's happening on the political front right now. Coinbase, Davos, all of them,
I mean, this was spoken at all through Davos just last week and the week before. Hopefully, we'll see that move into the right direction. So I'm
going to give you the bull case and then what I think is the normal case and the bear case.
The bull case is Clarity Act passed with the right amendment. It opens up and unlocks a ton
of institutional value and exchanges and all these DeFi ecosystems can continue to produce yield.
We now have more ETFs more than likely coming to the market.
You now have the SPX breaking out past 7,000.
You have more interest in, you know, whether it's even 1% or 0.5% of allocation for these
investment funds, you could see a decent amount of liquidity push up into specifically tax
season with the reduced rates.
And if you get the stimulus checks or anything the Trump admin is saying they're going to do, that could cause some liquidity to come back into this
market. That's your bull case. You have lowering interest rates, money's becoming easier to borrow,
wages are outpacing inflation for the first time, more spending is coming back to the markets,
your tech companies are beating earnings, could be really, really good.
The main case I have, which is I think we're going to somewhere be in the middle of the bear case and the bull case, is clarity is going to pass with some amendments but not all the amendments.
You're still going to see gold perform exponentially better, not exponentially better, but better than your SPX.
Even if the SPX breaks out, sure, that might mean we're going to see Bitcoin perform a bit, but we have to
remember that ETFs this time, this cycle compared to last cycles, a lot of the volume, when you
project the hundreds or tens of billions of dollars in volume that's going into these ETFs,
it's not like 2021 or 2017 where that money was going into Coinbase or going into an exchange
like Binance and then trickled down into Ethereum and other assets and altcoins. It's now stuck in that ETF.
So even though your liquidity for your Bitcoin pairs rises, I would say, you know, we're
not going to see that alt season everybody is so desperately wanting to see where you
have Cardano going to $5, you have XRP going to $10, you have all these crazy price predictions
just because liquidity is not only constrained, but it's lackluster.
It's not the same that we've seen in previous cycles.
So I guess I'll end there.
The bear case is really Clarity Act gets destroyed.
And you start seeing a lot of your favorite L1s and layered, your DeFi products, either forcibly be shut down.
This is almost like Operation 3.0, our choke point, if you guys are familiar with the Obama administration.
But it would be even worse.
And ultimately, you'd probably see a lot of these ecosystems either, A, again, shut down
their foundations or have to change their entire tokenomics, which could structurally
mess up a lot of liquidity, I think, in crypto.
That's kind of where my head's at.
I know it's not a perfect answer, but unfortunately, we have to wait to see what happens from a legislative approach.
Yeah, let me add on to what Josh just said real quick here. I mean, one, I like the question
because I think it's a very important question that everybody should be asking themselves,
especially as crypto participants, like what value does this space kind of bring and add um to society over the next you know five to ten years um you know and if you can answer some of
those questions you're probably going to do pretty well for yourself one to start on the whole banking
crisis that you know josh or not banking crisis but like you know with the act and you know with
banks trying to shut it down and yada yada y, yada, you know, they've been, the issue is for them is they've
been behind the curve and they, and they know that they're behind the curve and they understand
from a scale, you know, from, you know, scalability issue is that, you know, Coinbase
and some of these other, you know, platforms or companies or services are already at second.
And they don't want to start at home when everybody's starting at second.
They want to start at third when everybody's starting at second.
So they're obviously going to do what they can to maximize the return that this is going to bring to them at the end of the day.
I think the big question for crypto, though, moving forward, and from a perspective or
from a utility perspective, is you have to ask yourself, or there's a problem in crypto
And the problem in crypto right now is we have a valuation problem, right? You have tremendous amount of or you have these a lot of projects
that are valued at extremely high valuations that don't actually add value, right? And I know that's
a pretty like generic, you know, broad based, you know, statement question statement blanket
to put together. But if you're able to answer that question, and then the person that does is
going to make a whole hell of a lot of money, or, you know, the multitude of people that do are
going to make a whole lot of money is how do you provide value? And how do you do it in a way to where now your valuation is also justified, right?
Because we've been a speculation market.
And that's fine and dandy, especially when it's a new emerging asset class.
But guys, Bitcoin's been around for a long time. We're coming up on, you know, arguably, you know, over a decade now where we've really
start to see, you know, large scale building within this asset class.
And 10 years is a long time for anybody who's out there that, you know, has built a company
or is building a company or is building a project.
You know, 10 years is a long, long, long time to try to iron out the wrinkles
and the, you know, the creases and the crinks and to try to get it right. And as of right now,
we haven't had that. And there's been friction along the way and there's been, you know,
forces that have been pushing back against the asset class. But at the same time, even with that, we haven't really brought that
pure value to your average Joe to where we're implemented in a structural way into people's
lives. And what do I mean by that? Apple products, for instance, one in, I think it's one in six
people in the world, maybe even one in five at this point, they have some form of Apple product
in their life that they interact with on a daily basis, right? And crypto has not necessarily
reached that point, unfortunately. But if you look at it, interestingly enough, from a valuation
perspective, I mean, what does Apple value that like three, you know, three trail to trail somewhere
around there. And crypto as a whole, right, is valued as at about like 70 to 80% of the Apple
valuation. Now, the real question you got to ask yourselves is what if we get it right, right?
Then where does this valuation go to?
And, you know, people have kind of like the question
in the back of their mind where they're like, okay,
well, you know, we've been, you know,
we've been speculating, we've been trying to price in, right, future flows,
we've been trying to price in innovation, we've been right, because the market's forward looking
naturally. Now, the real question is, is like, all right, or I shouldn't say the real question
is, but it's about time now that we bring it. And we kind of show, you know, and we and we walk the
walk, right, That we've been talking
for all this time. And unfortunately for me, myself, I am, you know, I am not somebody who,
I'm not the person that's going to be able to answer that question. I'm not nearly technical
enough, uh, you know, from a, for whatever reason, um, you know, reasons, reasons be known to me for, you know, that is not a question for
me to answer. Right. But as we move forward, like I said, the real, the real, you know,
utility perspective. And I think it's, it's a, and if you can answer this question for any project
that's listening in or for the one that just asked, it's if you can figure out that valuation issue where you can
actually provide the value that matches the valuation you're talking a whole horde of money
and interest and investment that's about to come your way that is going to make you worth so much
goddamn money that you won't even know what to do with half of it. Right. And it's going to make people want to stick around.
Because the another thing with DeFi to to Josh's point is, you know, they're like, oh,
You know, you can stake this.
You can stake this coin and, you know, you can make 20 percent annually and yada, yada,
But the issue is, is those coins like, you know, the volatility of them is ridiculous.
You know, you look at the altcoins,
the cycle, the majority of them are down like 80, 90%.
You look at what happened on 10.10.
Adam went to literally zero, you know?
Like, and I'm not saying that's the base case
for all of them, but like,
if you can provide stability as well in price,
which comes from fixing the valuation question
or from answering the valuation question, you then provide stability as well in price, which comes from fixing the valuation question,
or from answering the valuation question, you then provide stability, you then, you know,
create interest and creating interest, then ultimately creates the positive feedback loop
to stabilize everything yet again. And it just feeds off itself, you know, and it's a beautiful,
beautiful symphony of, you know, of market dynamics, right? Or of just of you know of market dynamics right or of just you know the dynamics
and characteristics in general so i think that's kind of my long-winded you know answer to that
question is what are we interested in in utility right now you know as a whole dude that that is
like the biggest hyper liquid plug ever man man. Everything you just described points to hype, man.
You have the TradFi spectrum and you have the retail spectrum.
Maybe Solana, but Solana has a huge tokenomics issue.
but Solana has a huge tokenomics issue.
Their validator subsidies and all that stuff,
which has been LARPed on quite a bit with their,
which is like their ETH 2.0 kind of upgrade
where it's going to fix that inflation issue.
Gosh, I wouldn't know any other project that even comes remotely close
to the plug that you just gave.
Those are the closest ones, man, and that's why they've done the best this cycle.
It's because there's actual tangible products that are generating real revenue
that actually kind of make a little bit of sense
when you're asking the valuations you are you know yeah um so like when people ask like what's
the product market fit for hyperliquid you should take a look at the volume take a look at the money
that they generate that's one uh i don't think there's like big vc money in hyperbole good either um and as for pump pump has generated
tickers that go to billions that's that's that's the that's the product show right there um whether
people like how fast they pump or not um and how fast they dump that's all relative right but when
it comes to product market fit, platforms that people always go back
to, even in bad market conditions, like the people were still using pump during that bear market we
had in Q1 of last year. People were still using pump after 1010. Same thing with hyperliquid.
um same thing with hyper liquid so it's like if if i'm a stratify guy like what what what else do
do i bid because they're not they're not going to go on chain and buy like a coin on base or on soul
right they're going to be going they're going to be logging on to coinbase and i think jack is he
put up a good post um on his profile right i think i'll actually put it up on the nest
um i i i really think there has to be a mass uh delisting for a lot of these coins man to be frank
i i'm gonna go ahead and uh put it up on the nest and And I actually think that would heal the space, to be honest.
Like, just this mass delisting of coins, dude.
And it would concentrate liquidity, as this post says.
And, like, I think the bid that we saw on coins like Link last cycle
and on Aave last cycle and on Luna last cycle where it's
like people actually believe in something and things are sustainable for more than just
You know, that's how the cycle has been.
You have something that's worth a bid for a few weeks, maybe like two months at best and the run is over right um
i think hype and perhaps pump this time i have been selected as new tokens a cycle
where they actually have more than just one run you look at coins like uh celestia and whatever some of the other
newer tokens they had one run and that's it uh on-chain tokens bro i think it's gonna take a few
like a few quarters at the earliest for there to be an on-chain ticker that reflects what Pepe did,
where Pepe started off as an on-chain ticker and still got a bid after its initial run.
The spring 2023 run, the winter 2024 run.
Spring 2023, early winter, late winter early spring q1 2024 bro and uh then
q4 of 24 so i had three big runs and most on-chain tickers outside of pepe they kind of don't really have that maybe rollbit rollbit had a had a few runs but that was
like i think that was an anomaly man um and they lost their market share um from like these other
casino platforms that actually catered more towards retail and didn't really have a fixed house, right?
I'm not going to fund that project, but whatever.
You have some of these other casinos that attracted retail and prediction markets just
kind of really stole a lot of the run that platforms like Rollbit had and some of these
on that platforms like rollbit had and some of these other crypto casinos um and some of that
all coin season money is in those platforms and it's gonna take a big project to attract money
from that sector uh into crypto so yeah man um i don't even know any new projects that cater to what you're saying prometheus i i really
don't um maybe jensen which is like that ai chain but i could be dead wrong on that because
you never really know with these uh with these um overvalued oversubscribed uh projects and how they're going to perform out of the gate
you usually want to buy like after that first huge crash right like that that xpl chart
whenever it finishes bottoming out i i i think it's probably going to have a face ripper to be honest uh after it bottoms wherever it bottoms
um you know just from like a charting perspective like like charts that are floored like that when
it's risk on it it goes turbo if you take a look at algorand uh tickers a lgo
uh tickers a lgo xpl had that same pattern that all grand had and when the market turned risk on
that thing turbocharged to a huge degree so um yeah you usually want to buy like super hype
projects after they decline a lot same thing with happened. When it first came out, it had that little pump ski, and then it had that huge drawdown, which bottomed out when it went on that live stream.
But Matt, what are you saying, bro?
How are you feeling about the markets, man?
Q is about to go into price discovery.
Q's about to go into price discovery.
Many indices, not indices, but indexes like the EEM are breaking out into price discovery.
Uncle Joe mentioned that two weeks ago.
We also have the Nikkei also having a good day.
I think the Nikkei is going to be Signal.
The Nikkei and the Q is going into Price Discovery
together. That's going to be massive, man.
Tommy, get up here and talk about
an invite to speak sullivan
sending him an invite to speak but um i think he's in chick-fil-a at chick-fil-a
he's most likely in chick-fil-a you know what i don't like qdoba i do not like qdoba bro their cheese guac or not their cheese guac their queso is literally
liquid diarrhea bro i'm telling you that that thing is it should be illegal bro qdoba is like
the mattress firm of fast casual it's everywhere now and every few blocks and you just don't know
why you take a look at mattress firm there's a
mattress firm like every 10 blocks no matter where you go um except if you live out in the country
and then you just eat like i don't know just like pig feed and corn i guess but in any traditional
uh american city you're gonna see a bunch of mattress firms and, like, the fast, casual food culture that Chipotle started is now being taken over by Qdoba.
Who's the marginal buyer of Qdoba bulls?
Like, that's the real question we should be asking, man.
That's the real question we should be asking, man.
Study that price action, bro.
Study that price action, bro.
Yeah, the price action of a Chipotle chicken bowl is obscene, dude.
It used to be like $6, $8.
Now it's like $20 for small portions, dude.
Bro, Subway used to have $5 foot-long sandwiches.
Now it's like $16 for a sandwich, bro.
to talk about the real 10 10 that's the real 10 10 is the price action that they need to bring
them back should should subway bring back dude they they need new market makers bro because
from the looks of it they're getting outworked by ronald mcdonald you know bringing back the dollar menu
taco bell's even like making some moves culver's culver's is like the three ac of of fast casual
now it's actually it's actually pretty decent to be honest um yeah i guess study Culver's, right? But Matt, how are you doing, man?
I think that it's going to be rocket ships in the next week or two here.
You know, there was earlier speakers talking about if S&P 500 can get above 7,000.
I've been saying all January when S&P 500 breaks 7,000, when NASDAQ breaks 24,000.
And I think the easiest catalyst to look forward to is you touched on it earlier.
We're in the middle of earnings season and we've got the big jobs week coming up in the first week of February.
And that's just going to be absolutely enough to push this into breakout.
We got early signs first week of January, once we all got back from the holidays, we got early signs that the bearishness was probably overdone.
Government shutdown was a thing that didn't break the markets.
Unemployment might have put in a bottom and might be improving. And it looked like now we
have companies starting to report. We already had the banks report. You're already getting
Taiwan Semiconductor already reported. Things are looking really bullish and you're going to have
all the Mag7 about to report. You're going to have the biggest and the best companies
putting out their earnings. And, you know, when four out of five of them, which is usually our
average, you know, call it roughly 75 to 80%. But when all these companies start telling us all that,
oh, you know, once again, they meet and beat their expectations.
Once again, they see no recession in sight for 2026. And then if you have unemployment and jobs
data to bolster that, it's breakout season and away we go. I know this is a big change from where I was fall 2025. I was incredibly bearish.
I was looking at weakening and softening unemployment data. I was looking at weakening
and softening jobs data. The government shutdown did not help. And we had Bitcoin screaming to
everyone that it could be a six months to one year bear market.
But what happens when, but I kept saying like, look, we're going to, once we get back from
holidays, we have to pay attention to what labor data on employment and FOMC says first
And all we got was supportive news.
All we got was bullish data.
And one month does not make a trend, but here we go.
February is coming up quick, and we're in the middle of earnings season.
One month was good, but if you have two months back-to-back plus really positive earnings from all our biggest and best AI companies, tech companies, consumer product companies that hire and employ the bulk of U.S. workforce, it's too much.
It's just too much in the bull's camp.
The bears have lost their best arguments. And I think it's breakout for
everything. So S&P 500 over 7,000, lock it in. NASDAQ over 24,000, lock it in. And then Bitcoin,
I think, teleports back to six digits and starts seriously trying to flip 100K back into support.
to flip 100k back into support.
I mean, unless you're in the camp that
assets and equities have permanently decoupled from Bitcoin,
you should be buying every last single coin under 90k you can.
You know, I mean, unless you literally are in the camp that
unless you have fully Peter Schiff pilled
and Bitcoin is broken and crypto is dead,
this is an obvious asset class that has higher to go.
Even in my bearish months back in fall 2025, I kept saying over and over, look,
you never sell your Bitcoin. You never sell your Bitcoin. But throughout early January, I certainly closed out all my ETH puts.
I certainly closed out my BMNR puts and cashed in all those crypto shorts.
But now it's time to get with the program.
Like bears are about to get the nail in the coffin in the next week or two.
And you don't want to be on the wrong side of that trade
so so bmr call options or maybe leaps instead of buying like eth itself
i can't i can't i can't make myself go. Is this the... It didn't happen last cycle.
Is this the magic cycle that ETH actually holds 5K?
Like, I'm not betting on that.
I think that we're decoupled as of right now.
It's the last to pump, but that's not...
But do you think Bitcoin just stays decoupled for a year?
Yeah, I think it would be very difficult for that to happen.
I think there could be a major laggard, and I think that there's probably better opportunity elsewhere.
No, I was just going to say, it just seems so like something is wrong with this asset class right now.
I think you've got a lot of muscle memory. Add in, like, you know, Bitcoin had an incredible year over year from 50K in 2024 to, you know, you could say 115, 120K.
A lot of people took profits in there.
You know, 50 to 115, 50 to 120, that is nice money if you can make it in a year or even less than a year.
And so there's a lot of smart money and TradFi money that,
like once they make a killer trade like that,
they go away for three months, six months, or a year.
They just, you know, they go find where the next hot ticker to ride that momentum.
And more so, Matt, like I'm not saying like the high time frame,
like they made a boatload like Tratify.
Anybody who bought the ETF,
you know, did very, very, very well.
Like I've now performed just about anything and everything.
like a 12 month distribution range,
clearly well wallets unloading.
well, there's another factor so i remember i was
telling you this uh prometheus and and joshua was in here and wabi of course i i was saying over a
year and a half ago that look chatify every single cycle they come into bitcoin they don't believe in
bitcoin they don't care about bitcoin but every single single cycle, they come in, they swoop in, they long the halving price, and then they sell it over a year later for reduced capital gains taxes.
They just long the halving and then sell it a little over a year later, and then they go away for another couple of years.
And we just saw that again.
it's not some law of physics.
there's not some underlying fraud that we're missing.
They're just here for a one-year trade.
But here's the difference.
But here's the big difference between,
while I was talking about 2018,
remember 2022, and I would even throw in there 2014, here's the one big difference. Unless we
have some major problem in TradFi and macro world, like some massive unexpected world event,
a world event, a banking crisis.
The AI bubble pops, a new multi-country war.
There has to be some major problem because if there's not,
and S&P 500 keeps going higher, NASDAQ keeps going higher,
metals, yeah, metals too, you name it.
Bitcoin will catch a bid.
Eventually, big money and smart money is going to look around and be like,
well, we've already written everything else up.
We're not going to buy gold after it's already up 500,000%.
Let's just bid Bitcoin because it's the last to move.
let's just bid Bitcoin because it's the last to move.
And more so what I was saying with like it,
like being broken is as from a trader's perspective, right?
Especially on, you know, not like,
I don't trade super low timeframe.
I'll scalp here and there if I get good setups, but, you know,
just looking at the lower timeframe price action, it is like it is some of the worst
price action i've ever seen it is genuinely horrendous it's great but i love but that's so
good that is so good like bitcoin i don't think bitcoin no no but i mean it's so good if you if
you like are looking for a long that you want to sell sometime in 2027, 2028, or 2030.
Like, give me that depressed price action after two, three months of consolidation.
When Bitcoin's biggest FUD right now is people are worried.
What if they hypothetically do invent quantum computers?
And what if hypothetically it does attack Bitcoin?
And what if hypothetically...
Like, this is the stupidest, silliest FUD ever.
And that's what's keeping people on the sideline.
And they'd much rather buy, you know, XYZ equity.
People just don't want to buy it.
People just don't want to buy it because it's,
it's gotten outperformed by,
literally everything over the past,
since over the past like 15 months.
I think a bullish case for BTC would be,
you know who Clavicular is,
I thought it was Clavicular.
Yeah. How do you pronounce it? Yeahavicular. Oh my god, bro.
So he was on stream with Sneeko
and they were talking about crypto
and Clav actually thinks that it could go to zero.
You mean the guy who just turned 21?
I'm sorry, I, yeah, yeah. Okay. I'm sorry.
Sullivan tweeted out everything.
The guy that beats his cheeks with a hammer for 10 minutes every single day?
That is some crazy financial advice, man.
Sully pulled out a post that says,
everything I've ever heard about Clavicular has been
I mean, if that guy's bearish, come on.
I'm putting it on the desk.
I'm look-macting my portfolio.
He's the biggest streamer right now. I'm pulling it on the desk. I'm look-macting my portfolio. That's what… Yes. Yes, man.
He's the biggest streamer right now.
So, like, imagine how many people… He is?
He's like top five right now.
Okay, but that's not biggest.
Okay, he broke into top five.
But it's more like a car crash. Like, okay, there's a lot Okay, he broke into top five. Yeah, yeah.
But it's more like a car crash.
Like, okay, there's a lot of people who can't look away.
It's not like they're into it.
They're just like, wow, he's beating his cheeks again.
That's my point. I mean, that's good.
This is not going to age well.
Like, oh, that's the dude who's always beating his cheeks.
I don't know what you're talking about, Matt.
I think makeup and looks maxing is the most masculine thing we could possibly do.
I think this is going to just advance us over the next few decades.
You're going to actually see me and Wabi turn into makeup streamers.
That's the real alpha, bro.
We got a long Cathie woods uh genome stock what was
it g arc g arc a it actually looks pretty good man arc no arc arc g yeah the the the biohacking
bio bio yeah yeah she's gonna make a lot of money man i i i think she's maybe bmnr can throw
clavicle uh milli, right?
He threw a 200 milli at Beast.
I don't even know what it does.
Maybe somebody can get Vitalik in there and start doing some body modifications or something.
But Vitalik needs it, bro.
Vitalik and clavicle crossover?
That would be the top, man.
I actually think that would be like a nice top signal.
so look, if you think this rally,
if you think this everything rally has legs
and you think crypto is going to catch up too,
you know, if you think SPY, NASDAQ, Metals, big and small and medium caps,
and Bitcoin and crypto too has higher to go,
then there's only one stock right now that I think is just the biggest no-brainer,
And I can't get enough Robinhood long-dated leaps and calls.
I want all the hood leaps, shares too.
Like this thing, it has a date with one trillion market cap,
and I think we're way too bearish, Wabi.
It's about, call, 300 billion market cap
right now. But I think it teleports to one trill easy. You know, it already has a lock on millennials.
It's, it's, it's, it's Gen Z's favorite. Like, let me, let me pay, let me play some prediction
bets. Let me, let me, you know, let me, let me buy this and that equity oh okay i can get gold and silver
exposure here too oh okay crypto's cashing a bit i'll just move money over like it's it's such a
no-brainer and it's been sideways action for six months wabi hood like i i yeah yeah i i think i
think it's just such a no-brainer like buy, buy as much as you can, as close to $100 a share as you can,
And, you know, set an alert for when it crosses $500 a share or better.
And then, of course, like, we also have retail loves their stock splits.
Also, it's bound to happen.
Dude, I'm waiting for a 70% dip in Scott's garden supplies.
I think that's the real next winner.
It's Scott's Miracle-Gro.
You know what I'm talking about?
The stuff that you put on.
You really want to be maxing is your lawnmower and your weed eater mechanics.
That's really what we need to be looking at.
I mean, you're getting early before the spring, before the thaw.
Everyone's trying to figure out how to buy electric generator stock
because of this recent freeze and winter stuff.
But no, you're getting early on the spring trade i see what you're doing
what's up wabi how you doing man i'm doing great what are your thoughts on uh what was it that you
asked prometheus about the nikai thoughts? Thoughts on the Nikkei?
Tommy texted me some devious things earlier.
Don't know what you're talking about, man.
You mistake me for a scoundrel.
That's a good catchphrase.
You mistake me for a scoundrel.
I'm sorry that we tortured you with clavicular talk, man.
I'm sorry about that, man.
But I guess what are your thoughts on Hyperliquid?
Is this a mixed scam pump?
Or do you think Jeff is about to run it back in a big way?
Because I saw your thoughts on Solana, and I'm scared.
They're a little hyperbolic on Solana,
although I am, you know, just generally speaking,
I don't really expect this range low to hold on Solana.
I mean, we've tested it how many times.
You need to be aware, though, right?
If you're kind of shorting into a level that's held, what is it, like 14 times previously, you should probably keep that stop loss tight because they can continue to bounce it at support.
But no, I'm not really expecting Sol to hold the range low again.
But on Hyperliquid, I'm not really surprised to see that it got the pump.
Obviously, it would have been great if I was long for this daily
candle, but alas, I was not. I was kind of expecting some sort of squeeze. I could see it
going as high as like mid-30s, quite frankly, and I think it's probably coming sooner than later if
this is going to be a squeeze, right? It's kind of that whole saying fast moves are maybe a little bit less trustworthy than if you get that slow grind.
For me, the bull case for Hyperliquid was kind of like a slow grind up from here.
So if we start to form some, I would say, some mid-time frame structure that looks more like a grind on a higher time frame right takes a few more weeks to materialize i'd
probably get more bullish on hyperliquid otherwise you know right now i kind of just think this is a
lot like the move that we had uh i want to say like one to two weeks after october 10th where
hyperliquid obviously gave that that huge outsized performance and then ended up uh rejecting and
selling off after so i kind of think we're going to see something like that on hype. I do agree that the market should probably go higher this week. I've kind
of gone back and forth on whether or not I think the market is really going to leg up again into
that like $7,500, $8,000 level on the S&P. I think the key to that is honestly going to be what big
tech does from here. I know we have earnings.
I think, you know, what is NVIDIA going to do?
If it's continuing to reject around these prices, I'm going to take that as signal, honestly,
that big tech as a whole is probably not going to move higher, even if there's maybe one or two individual names that can.
I don't hate the look of the Google chart, honestly, for continued upside.
Tesla could be one where if it's hanging up here in a few weeks, starting to look a little bit like
the silver setup that we just saw a huge breakout out of. So, you know, I can be persuaded towards
the long side here. But as a whole, I don't really know how to put it, man. I'm just, like, the move that we saw, because Prometheus asked me about Japan, right?
I'm going to comment on the USDJPY in particular, which, you know, I'll be honest on,
I was expecting a big breakout on that pair here over the last few weeks,
and we've just seen this very harsh rejection, honestly, from a level that I
thought we'd end up clearing. So, you know, unless we kind of see that dynamic change a little bit,
it's kind of starting to remind me a little bit of what happened in July of 2024, right before
that huge Yen carry incident. So I'm kind of keeping my eye on that. I would like to see a little bit more clarity on
big tech, particularly Nvidia. There are, I think, some warning signs when I look at individual names
within the stock market. I know crypto has been showing strength. It's kind of like giving off
that vibe that you want to see for crypto to front run a bottom versus equities. But, you know, I think when we dive a little bit deeper under the hood with equities specifically,
we look at some of these individuals, you know, I agree with Matt.
I think it's going to be at some point like a trillion dollar asset by market cap.
I mean, I think locally the structure looks a little bit like it wants to continue to bleed.
I'm looking at some of these other assets that used to kind of lead the market higher that are actively in distribution, I think.
I already mentioned NVIDIA, but I'm going to mention another one.
Palantir looks like it's set for a big move down into February OPEX.
So I think there are probably conflicting signs from a risk standpoint about what we could see next.
But it does, it kind of reminds me a little bit, and I hate to make this reference because I hate to compare it to 2022.
I don't really think there are any similarities, really.
But do you guys remember when Salunavax finished pumping, and then it in distribution and we had the uh the phone narrative
phantom one adam and near and i almost feel like that's what we're seeing in the stock market right
now where you know you had that saluna vax basket of leading small caps and and even like large
caps the ai trade that moved first and now they're in distribution while we see the phone trade
starts to really outperform, right? Like IWM is ripping to all time highs. You've had a completely
different set of small caps that are ripping right now, like SanDisk. I know that one's been
ripping for more than just recently. You've got Micron. So I don't know. I guess we'll see
kind of how we resolve into February OPEX.
I think volatility is pretty cheap here, honestly, whether you think that means we're going higher or lower. Right. We break 7K, probably not going to be that long before we're trading at like 7500 to 8K on the S&P.
So I like the idea of owning volatility, however, however floats your boat by a bias standpoint.
But I'll be honest, like I'm I'm I was really bearish at the end of last year. I kind of had a moment where I was starting to get pretty bullish,
but I'm a lot less confident in that the more that I'm kind of looking at some of these individual
names within equities. And that USDJPY rejection today and
yesterday while we have gold ripping, I feel like that's a little bit concerning potentially. So
again, we'll see how things resolve into February. Yeah, we'll just see how things resolve into
February. But I would not rule out some outsized volatility over the next, I would say, like 8 to 12 weeks.
Yeah, the struggle with – I know everyone wants to look at NVIDIA earnings and make their judgments off of that.
The problem there, the struggle there is NVIDIA doesn't report for 29 days.
And S&P 500 might be, you know,
I mean, it might be 7,100 by then.
NASDAQ, 25,000, maybe 26,000 by then.
You know, we might float higher quite a bit
just waiting on two, three weeks until NVIDIA does report.
But I think we're going to learn the beauty of the Mag7 reporting right here is they're some of NVIDIA's biggest customers anyway.
And there's certainly no slouches in their own right.
They all have extensive products and services.
And if they're showing strength, we don't have to wonder what NVIDIA might say.
They're a good barometer on their own.
So, you know, Apple reporting in two days, Microsoft literally tomorrow, Google a week
from now, let's see, Amazon a week from now, Meta tomorrow, like Tesla tomorrow.
We're going to know by end of this week
a really good indication on how the rest of this plays out.
You're right that NVIDIA is going to absolutely be
its own market event a month from now,
but the die might be cast by week 10.
but the die might be cast by week 10.
Did you guys see that chart of the SMP
in relation to the Dixie?
The SMP has only made like a 3%,
has only made like a new high by like 3%
since the highs we set last year,
at the beginning of last year, interestingly enough.
As far as the dxy i know today marked like a like a low that it hasn't seen in a very very very long time and um yeah i know trump also made
some comments on the dollar and he's basically comfortable with the weakness. He's like, yeah, I like the way the dollar is performing.
It's basically a signal that, yeah, the lower rates are coming.
That's the only thing I really know about DXY, but nothing.
So any sort of pairings DXY against anything else.
Mark, you had your hand up, didn't you?
Are spaces working right now?
Man, I'm going to sleep like a baby tonight.
I'm going to sleep like a baby.
I mean, Matt made my day.
Like, he came in here super positive on unemployment.
I mean, come on, I was 31 years old in 2008, so I felt that unemployment big time.
So I'm happy that Matt is feeling more positive about unemployment.
And Robinhood is my biggest holding, like like in all my portfolio, even Bitcoin.
So I was able to scoop up Robinhood under 10 bucks like an idiot, not knowing what I was buying, but I guess I was buying something, right?
Yeah, man, Wabi, one thing, man, you forgot to mention, and I was going to say it in yesterday's space.
For me, it's all about platforms, man.
It's all about platforms.
You know, we got Solana with the pump, with the pumped-up fund, no matter how much you hate it, you know.
It was successful, you know.
Then you got Hyperliquid, you know.
Hyperliquid is... It's the hyper pump cycle instead of
tommy mentioned no i'm sorry sorry he's sullivan sullivan mentioned uh saloon of x i would say now
it's like hyper yeah the hyper pump and i gotta say one thing uh you know if people are coming
into like new users coming into crypto i will tell them buy
buy coins that are attached to these platforms and you forgot one man i think the the best
performer out there bmb man i mean you just can't go wrong with bmb and uh they probably got the
number one i think the number one exchange in the whole crypto you know space uh i'm just
and the whole crypto, you know, space.
I'm just, I will go that way just to, you know, be safe for any new investors.
But one thing I do want to say, man, you know, banks don't lose.
I've talked to some of my friends that are in that space,
and I could tell you one thing, man, the fees, the things I hear, bro,
the fees to move stablecoins on-chain from the banks
and what they're going to call on-chain insurance to make the new retail feel safer moving those stablecoins.
And they're going to just, they're going to get away with it, you know.
They're going to get away with it.
But, hey, that's good for us. That's bringing in new retail much easier, moving this money to on-chain.
But what I've heard about on-chain insurance and the fees, bro, to move this money, it's fucking ridiculous.
They're going to make – it's crazy.
There's auto insurance, right?
I'm sure it's all about the same
It's all about the stable coins and that's all they fucking care about. I don't give a shit about bank work
It's all about their stable coin, you know the dollar
Hyperliquid is probably like the biggest the biggest benefactor um of that to be honest because these stablecoin chains it's gonna
take a while and i don't know who's like actually bidding river because like i take a look at the
liquidity to buy this thing it's so difficult like you have to buy small amounts that's like the arthur hayes
chain um and stbl and xpl are showing like very little signs of life um but when the market turns
around i do know there's going to be like a stable coin chain that that uh that benefits but
that's beta and when it comes to beta and crypto,
a lot of the time the beta usually only outperforms
for a small amount of time,
and then the alpha takes over for the majority of the part.
It's kind of like Bitcoin is the alpha.
You rotate your gains into BTC,
or you rotate your gains into stocks, to be honest.
But Cheds, is there anything that you want to add, man?
Cheds, Prometheus, or Matt, anything else you guys want to say?
It's going to take me some time to get used to the name.
I just want to say thanks.
Thanks for creating content, man, and grinding it out.
I love listening to Matt.
Yeah, he's been here for like three years, man.
I get absolutely plenty wrong.
But I think I appreciate that, Chance.
Yeah, well, guys, thank you so much for tuning in today it's been a nice stream we've been streaming over the last two hours
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Once again, shout out to all our speakers.
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