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Market Talk- Will FOMC send BTC and Alts higher!? Melt up summer?!
Recorded: July 28, 2025 Duration: 1:37:51Space Recording
Short Summary
As the crypto market gears up for FOMC week, discussions highlight Ethereum's recent growth, the impact of Bitcoin dominance on altcoins, and the potential for significant market movements in Q4. With predictions of an upcoming alt season and bullish sentiment surrounding Ethereum, investors are advised to stay alert for emerging trends and opportunities.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I don't want to be me.
I don't want to be bigger anymore. The The The The The The The The The
The The The The The The
The The
The The
The The
The The The The Theんんん
ん Oh, God. Oh, God.
Oh, God.
Oh, God.
Oh, God.
Oh, God.
Oh, God.
To this world,
this is back.
With our body,
our scouts back.
We have a dream, With my body, I'm so sad. Deep out of sleep, and my soul.
Never go dark, I don't know.
I don't want to be, I don't want to be there.
I don't want to be, me and more.
I don't want to be, I don't want to be there.
I don't want to be, me. Wow. Wow. Wow. Wow.
Wow.
Wow.
Wow.
Wow.
It's the best you've been having.
We're going to have to get some weight.
Don't collect your heart.
What's he saying? Don't collect your photos. Oh
Just just
i don't Hey, what's going on, guys?
Happy Monday.
Happy Monday.
Happy FOMC week. I hope you guys are ready for some dull price action until probably the second half of this week.
Got a full panel up here today, which is great to start off the week.
I do want to say, guys, if you did miss yesterday's stream with myself and Donnie over on Twitch,
I will be posting the upload up on the nest uh currently clipping some uh some footage from that stream what a banger stream by the way and what a
huge turnout i think we had close to like 400 people during yesterday's twitch stream so i know
you guys uh are hungry for some alpha especially now that the market is turning up to a big degree, might I add.
Earlier today, we did have ETH make fresh local highs.
ETH dominance continues to trickle up.
And, you know, if you guys have been following my personal profile, one thing that I've really been hitting hard home over the last maybe two and a half weeks almost three weeks now is that what bitcoin
dominance did to most alts that's exactly what eth dominance is about to do and you see that
on things like uh on things like the hype eth pair soul eth pair sui eth pair. But I do think at some point, once others BTC starts to catch up to ETH BTC,
you will start to see all the laggards that have been struggling with keeping up with Ethereum start to perform,
which I think comes in Q4, to be honest, because I do think this is ETH's time to shine.
I think, honestly, ETH goes into price discovery this quarter as crazy and insane as it may sound,
especially when we take a look at the last couple of years where August does tend to be somewhat of a bloody month.
We saw that happen in 2022, 2023, 2024.
2023, 2024. But that was the case with September. I think from September of 2017
But that was the case with September.
all the way up until September of 2022. So you had five straight years where September was brutal.
But to my recollection, 2023 and 2024, September's were both green. So perhaps August does start to be a little bit different this time, especially if we have flows continuing to kick up for these ETFs for majors.
And truth be told, if we look at 2021, we rallied throughout throughout most of August.
throughout most of august and same thing with august of 2020 august used to be a very very
And same thing with August of 2020.
fruitful month but it's just been over the last few years that just wasn't the case but i hope
you're all doing fantastic thank you so much guys for pulling through to today's stream of market
talk brought to you by because bitcoin i'm your host wabi and we're gonna go ahead and uh yap
about all markets so we got fomc starting tomorrow powell's probably not going to go ahead and yap about all markets. So we got FOMC starting tomorrow.
Powell's probably not going to cut rates,
but as me and Donnie were discussing during yesterday's Twitch stream,
at the very, if you want to be hopeful,
then you'd expect Powell to at least allude to future rate cuts,
probably alluding to cutting rates by the next meeting.
And I think the next Fed meeting is Jackson Hole next month, and then FOMC is in September.
So if we take a look at a narrative that we've been yapping out about when it comes to the
macro picture side of things, indices with the stock market and all that stuff, we've been yapping out about when it comes to the macro picture side of things, indices with the
stock market and all that stuff. We've been discussing here on this show over the last few
months since we bottomed in April, early April, when the McNASDAQ went down 25%, when the S&P 500
went down almost 22% over the course of six weeks. I was like, hey like hey yo what is going on here we need to back up
we need to back up like a war tank okay and really analyze what's going on here when was the last time
that this happened we have rates high a huge drawdown in a short amount of time, but you have so many positive tailwinds ahead of you.
Well, that would be the 90s bull run, the late 90s bull run, which happened from 1992 all the
way to March of 2000. I'm talking about the NASDAQ, right? I'm not talking about the S&P.
I'm talking about the NASDAQ. I'm talking about mega cap tech. And this drawdown that we had
was really similar to the 1997 crash, or you can say 1998, right? And what happened after we
reversed back to new highs within a quarter and a half during that time period, the Fed started
slashing rates. I think that was after the crash from 98, that short-term crash that we had.
And here we are again.
Rates have been elevated just as they were back then.
And you have Fed policy that's about to change to a more neutral stance.
And a more neutral stance is having a Fed funds rate being almost one-to-one with cpi fed
funds rate right now is 4.5 percent uh year-over-year cpi i think we're sitting at like 2.4
2.3 something like that so the fed can cut by two full basis points and we'd be neutral and the
and the market loves rallying during these cuts, especially back then.
They were cutting meeting after meeting after meeting.
I'm just saying, right, history doesn't repeat itself, but it often rhymes.
And if we have the stock market lead and going crazy, then it's only a matter of time before crypto catches up.
You guys remember stocks were going crazy from mid-may all the way throughout early july
while crypto didn't really do much but after all right after the fact when you had the mcnasdaq
and the s p up about three percent above their old all-time high that that that they uh were
trading at back in late january early february crypto caught up very quickly
and over the last week or so we've had uh stocks outperform crypto but it's only a matter of time
before crypto catches up it's probably going to be after fomc to be honest as we've seen uh
during these last um few meetings over the last couple of months. But here's the deal, guys.
I got a pretty stacked panel.
I'm done with giving my intro yap.
I got Donnie up here, Chill up here, Louie up here, Evan up here, Ragsy up here.
Man, I haven't seen Chill in a while.
I'm glad to have him back on the show.
Shout out to Chill, by the way, guys.
He called out GP Graphite protocol here on this space when
he was at like 90 cents man and i completely faded that when honestly i shouldn't have at all
whatsoever um but nonetheless i want to welcome up uh chill back on the show but uh before we
officially get started guys before we officially get started, I do have one small favor to ask of you, okay?
It's a small, teeny, tiny favor to start off our beautiful week here at BB.
You guys can go ahead and show some love to the space.
The best way that you can do that is by clicking a few buttons.
So it's like trading, right?
You open up the Spaces tab, and? You open up the Spaces tab,
and once you open up the Spaces tab,
you'll see all of our wonderful profile pictures.
You guys can go ahead and click the link up above.
It says x.com slash i slash spaces.
You guys can go ahead, smash up the Like button,
hit up that Repost button as hard as you can.
If you're bullish, hit up that Repost button.
Even if you're bearish, hit up that repost button. Even if
you're bearish, hit up that repost button. Helps get more people in the space, helps bring awareness
to the brand and all that good stuff. So just to get it started off, I'll usually kick it on over
to Donnie and then I'll go on over to Chill and run down the list like that. So Donnie, what's
going on, brother? Heck stream that uh that me and you
had yesterday we cooked for almost two hours now almost two hours yesterday and uh the people
absolutely loved it and as a matter of fact um i've gone up ahead and put it up on the nest
i put it up on the jumbotron whatever people want to call it now
uh just so people um can take a listen to it in case uh they missed out man but how are you man
we got f1c starting and um you know in my opinion i think this is uh this is the last bit of lower
time frame consolidation before we grind up higher.
And ETH takes out that March 2024 high, which it has struggled to do so for about a year and a half, close to a year and a half now.
And that's within a multi-year range. And I can't help but look at that gold fractal that I brought up on a post, which I tweeted about.
I think it was a little over a week ago or something like that.
It's playing out to a T.
We had that fourth tap at range high.
Now we're having that little bit of a pullback.
I genuinely think after the sky is clear with this meeting, it's off to the races, man.
How are you? Thanks for coming back on, man. It's off to the races man but how are you and thanks
thanks for coming back on man it's gonna be one hell of a show yeah what's up bro that weekend
stream was fun man it lasted uh way longer than i expected just because there's so much to talk
about um about what's about to unfold for this market but man this pullback is just a little
concerning it's just a little concerning for these bears that just keep creeping up
every time there's a little pullback in the market
because I honestly think they're about to get slaughtered next month.
The setup is just so clean on the chart.
If you're looking at it technically,
if you're looking at it with a little bit of a macro perspective
outside of the charts, what's unfolding.
And honestly,
I was talking about it to my guys,
trying to be as left curve
as possible has been
the smartest route to take in this market.
What's the best signal if you want to
take the left curve approach?
Listen to what Trump is saying. Listen to what the admin
is actually saying.
Pay attention to what they're doing.
They're essentially engineering
this environment to
basically
all of the things that they want to push.
We know that they've got a strong grip on crypto
and they want to make America
the crypto capital of the world.
We know their plans with the stablecoins,
how that's going to help them fund the debt.
And yeah, they're engineering the landscape
for these sectors to succeed.
They've got AI deregulation, crypto deregulation,
the deregulation of the banking system
to help fuel both of those two industries, right?
They need massive liquidity to push
for these crazy growth targets that they want to push.
So they're going to do what they're set out to do.
And we can see that they're going to take any means necessary to achieve that goal,
whether that be putting pressure on Powell or whatever.
They want to get that ball rolling.
And Trump wants to have his economic boom.
They gave you the bottom.
They gave you the higher low.
They gave you the higher low after that.
So I don't know.
I think it's a really simple signal to follow. And if Trump wants to have his economic boom, I think you should hold
assets. There's clear downwards pressure on the dollar. That's only going to continue.
You're literally just waiting for the last confirmation on the chart, which is price going
up to validate the entire narrative that we already know is set in stone. So whether it happens next week or the week after,
and you actually do get this break above 130 on BTC,
it doesn't really matter.
The long-term picture is set.
So what are you going to do?
Are you going to avoid assets and hold dollars?
You're going to try and position in here.
And if you don't, you're going to end up chasing price.
So yeah, it's looking super clean to me.
We discussed a bunch of the macro stuff over to me we discussed a bunch of uh the macro stuff over
the stream and shared a bunch of charts but i'll just share the local technical setup is it in the
nest because i can't see the nest i think i did share it yeah yeah i i can see it man but as you
said right um we are a little bit concerned, truly concerned about the Bears.
Right. And yeah, and as we say on the show, the playbook is unfolding and the setup is insane because the melt up is going to is going to shock people.
And Donnie, I mean, dude, BTC rallied.
What was it, 80 percent from the April low when we started coining the phrase melt up? Shock people. And Donnie, I mean, dude, BTC rallied.
What was it, 80% from the April low when we started coining the phrase melt-up? People think that we've been saying melt-up since the beginning of the year.
No, we've been saying that since early April.
That's exactly what's happened.
I mean, Donnie, a 3X on ETH liquid since April?
That's insane, man.
And we were called insane. We were called
delusional. We were called crazy
people. They wanted to lock us up and put
us in straitjackets.
Bro, what did I say about ETH, bro?
It takes one candle
and then the narrative to just instantly
flip and, oh, BlackRock's buying.
Of course it's going up.
All the tech is actually good.
Of course, they're doing the whole stablecoin thing.
It's literally exactly what happened.
You had the disgusting capitulatory lows, followed by a big rush of candles that got
us to like, what was that first rally, like 2.7k or something like that, almost above
the key level.
And then people are like, oh, shit, like oh shit like dang maybe eth actually bottom right there and then you have the big rush to 3.8k which now everyone's calling for 10k plus
so yeah i think let me just uh let me just touch on this um on this local setup and then i'll get
into a little bit more of that higher time frame stuff but it's quite crazy how we're literally
just tracing this uh exact same
setup that we had uh at the end of june transitioning into july which was q3 um you know we had this
range formation uh very similar to how it's forming right now where we we peaked uh just
above you know the prior all-time high which which was the inauguration highs. And let me tell you, the inauguration highs, the liquidity peak that we had back then has
been swamped by the new liquidity peak, which is a lot higher than what it was back then,
which led to that high.
Now it's much higher than that, which basically indicates that we're going much higher in
the short term, actually, because we're still pricing in that entire global liquidity rise.
So yeah, this range is looking extremely similar.
You had the deviation of that high.
In this case, it was 120K, which there was a ton of shorts piling up.
It's kind of like a psychological level as well,
where if we really did break sharply above that, there'd be a ton of FOMO.
But yeah, lots of longs trying to
enter on that 120k break. They need to get cleaned up. We had a ton of BTC selling. I think we had,
I don't know if that was in the open market or whatever, but there was like 80k BTC that got
sold. Anyways, that's all behind us now. Shows you the depth of this market. Shows you the demand is
there. It's really good to see. And yeah, we cleaned up these lows. Now we're
basically just transitioning into the end of the month. It's the exact same of how I've circled
it with that blue circle in the prior range. The only difference is that this range is a three hour
chart compared to that chart, which is like an eight hour chart. So almost double the time frame,
which means that it's probably not going to take that long to break out, likely in that first week of August by what I can see. However, you can still take out
the low that we had, the recent low that we had, what was that? Just under 115.
You could come into that blue zone, which is just under 114, but the setup remains the same,
as in this chart is primed to break out higher so i wouldn't care if it even went to 114
it doesn't have to there's actually which i haven't drawn there's a demand zone um for a third tap
around 116.3 which you could come into uh before you start basically breaking out higher you've
left all of those untapped highs just like last time uh to have a clean break. And yeah, it's basically imminent in the next 10 days.
So I don't know.
I think you should be excited for what's about to happen to crypto
because above that 130 mark on BTC,
I would really think that the rest of the market starts to get going
because you can already see with any local pullback,
people are still capitulating on alts
and just selling super
aggressively on basically everything that's had a chart that's longer than six months.
So that will eventually flip and people will be begging for a pullback because things will
be moving so quickly to the upside.
Everyone basically who's sold is going to be chasing price.
And that's kind of what leads to these stupid high prices.
So yeah, the setup is technically like as perfect as it gets. And then yeah, on the macro side of things, it's looking
great. Even if you had to say, okay, but how do you know we're going to go higher, which I don't
know, but I'm just stacking up the odds. We're still trailing that gold fractal that I've shared
continuously, as gold is just basically a measure of currency debasement
absorption at this point, right? Global liquidity trending higher and gold trending higher
with it. So we're still yet to fulfill that entire move. Let me just share it one more time
in the space. And there was multiple pullbacks on the trajectory of that chart to where gold
actually hit that blow off top at 3.5k
so if you're just pasting that on top of the btc chart expect some pullbacks along the way but i
think by around that mid to late august point following this btc should land within that 138
to 182k range so that's where really like the good stuff starts to happen, especially in that range.
If we do form a range after where I think because you've got Bitcoin dominance confirming a rollover
and ETH BTC confirming the bottom, if you do enter that ranging environment after BTC is in deep
price discovery levels, you're going to have an old season. It's just the conditions are right there.
So every time we've had that,
deep price discovery in Bitcoin
and a range formation,
with those two charts,
BTC dominance and ETH BTC,
in the right direction,
you've had an alt season.
So I just don't see how
you don't have one here.
And we haven't had these conditions
in three plus years.
So it's just looking bullish, man.
You're basically being validated
that you are going higher
by this gold fractal,
aka global liquidity going higher,
financial conditions getting looser.
And then you're being validated by old season triggers
that haven't been flashing for three plus years.
So I don't know how you can't be bullish.
At least 60% bullish, 40% bearish
if you're a true bear, right?
Instead of like these people that are just
they're just not accepting uh the data in front of their eyes but we continue to warn them daily
because it's really around the corner i believe
one warn them daily we shall isn't it wild bro how like that massive these massive gold rallies over the last two years have given us such
a clean setup we had that gold rally last year we had it again this year and now it seems like
you're finally getting eth to to get the message and we all know what happens once um eth starts
to lead the market as it has in prior cycles right maybe this
isn't a cycle and we're just gonna follow tradify or at least i'd at least like to think man that
moving forward at least majors could follow tradify where we don't really have that much of a crazy
pullback like no more 85 plus corrections but the rest of the market definitely
is still going to have those corrections but as far as majors go i just don't think we're going
to get those crazy pullbacks um as uh as we've seen um in in prior bear markets i mean we just
came out of a bear market yeah and when i saw eith retest it's 2018 all-time high, January 2018 all-time high, which is when the entire market peaked,
January of 2018 was when total crypto market cap was at its highest peak in that cycle.
You had many people that were angry at me personally because I was extremely bearish on the market up until that point.
And I'm like, hey, there's going to be a time to bid.
It's here.
And then there were price targets of like $600 ETH.
I'm pretty sure Naka came on like the spaces.
I'm not sure if you remember him.
Oh, I remember.
I remember.
Yeah.
Yeah.
Yeah.
And I think what happened is we pumped from $ on ETH to like 1800 or something like that.
And then we had a little bit of a pullback back to like 1600.
And he's like, yeah, it's like completely cooked.
We're probably going to retest the June 2022 lows.
It's over.
Pack it up.
And that's when the TradFi gold bugs, like they all came up bro it was just me and you
were the only crypto bros they could not believe like they were they were in shock when i said i
think that we're gonna hit all-time highs by may or june like they just could not believe it i i i
was even telling you like when you when you put out that thread uh i'm like bro if if uh ptc actually
goes back to all-time highs in may i would i would be shocked and you nailed it bro you you absolutely
nailed it you had a target um whereas myself i just thought we're just gonna rally um an egregious
amount higher but you put out a target and you know that that was uh that was
extremely bold man and um and it was right bro yeah that was a tough call it was super tough
just because it was it was genuine uh like policy scare which just means like you know we've
discussed if the policymaker the policymakers are the ones who basically expand and contract money supply.
So the playbook that they were running is essentially deflationary and contracting the
money supply, which, you know, that's just going to lead to lower asset prices. But the main signal
with that was that they said, we're trying to soft land this thing, which is basically impossible.
And if it gets too shaky, we're
essentially going to back off. That's what they said. They don't want to crash anything. And it
was crashing. So you kind of had to go with that signal as to, okay, they're not going to let this
ship sink. And then you had the technical setup on Bitcoin, which was just showing clean accumulation,
like very, very clean over the stock market, which was just a straight accumulation like very very clean uh over the stock market
which was just a straight you know nuke to the downside that was kind of the signal there of okay
someone's accumulating btc while the stock market's nuking um or else it wouldn't hold the structure
it's just that simple and so it was a super tough call because all of the like top top top level
macro guys they were all like damn damn, it's actually cooked.
And until Trump actually and Besant reversed the playbook live on TV,
you couldn't really position.
But the bottom had escaped you by then,
which was a little bit hard.
But yeah, it's crazy to see it all kind of materialize.
I remember the whole NACA stream
and a bunch of other people trying to debate.
But yeah, it's been tough.
And again, the main signal is coming out of the Trump admin, which you just have to keep paying attention to.
And bro, if he wants rates 3% down, even if he doesn't get them down 3%, just gets them down 1% or one decent cut.
This year, I think the market's going to like that a lot.
So I think we end the the year off super super strong starting
in august yeah i i think so too man and um there was one thing that uh i i see grant here in the
audience man uh grant if you want to come up and talk some shop i know it's been a couple of weeks
i think it's been like two or three weeks since you invited to speak.
But I know during that stream that we had yesterday, Donnie, the people were really excited when we were alluding to the fact that, hey, is Bitcoin in the entire market about to do what it did in Q3 of 2017?
And as we saw in Q1, the market has conditioned people to hold so tightly to seasonality, right?
Q1 is super, super bullish.
In Q2, you sell a man, walk away.
Then you don't come back to the markets until after Labor Day, which is when a lot of people get back to their desks.
all the big market makers and institutional flows come back during that time and the market's like
All the big market makers and institutional flows come back during that time.
no we're gonna inject trillions into the market scott besant is like we're gonna be pro growth
we're gonna get gdp what was it donnie like close to seven percent or something like that
and um these boys they they left for a little bit when all the hedge funds got short what was it like it was the
it was the biggest day that retail quote-unquote retail bought the bottom but institutions were
short and you're supposed to pay attention to them or something and paul tudor jones that paul
tudor jones tweet you remember that donnie and it was it made all the rays they're like hey we think the s p can
go down to 3800 bitcoin to like 50k or something like that and it was just even it was obscene
even still how could you not be bidding if you wanted an allocation in the stock market
on a 22 drop like start scaling in kind of thing right but that that was the biggest
psyop ever because it was like okay retail bought the bottom and mass in record-breaking amounts therefore we have to revisit the bottom and
that literally just kept those same people sidelined while retail just kept bidding
because scar percent was telling you the top of the vix is in it's like the left curve signal has
won this entire time and it's always the ones ones that kept trying to overcomplicate it
that actually got sidelined.
And now they're buying up here
to try and ride what's left of the run.
Let's get some thoughts from Chill real quick
before I pass it on over to Grant.
Chill, what's going on, man?
It's been a couple of weeks
since we chatted on Spaces.
I hope everything is all right on your end man
but i'm glad you took some time off man for uh for some family time
hey hey guys can you guys hear me all right
yep loud and clear man hey and good call on uh on gp by the way man hey man thanks yeah i mean
look you you see bonk going crazy uh you see these launch
pads pump you know really showed you how much these things can actually make and when you you
know incorporate like these kind of flywheels uh with buybacks and burns and things of that nature
it's just kind of really clear uh to see the trade so yeah i mean I mean, there's setups like that across the entire
ICM sector. I'm literally finishing a write-up on that and I'll probably get that out tonight.
But you love to see those sort of setups where these things are really undervalued
and there's going to be a mechanism that will take a ton of supply off the market while incentivizing demand.
And it's driven by these really strong fundamentals. And there's a ton of these setups.
So I'm really loving that, man. I agree with Donnie naturally.
I mean, we've kind of been we've kind of been of the same.
We've kind of been aligned in our thinking
and our outlook on this market for a long time.
Just to reference back two months ago
where we were talking about ETH
and I kept on quote tweeting the same tweet
from last year, even from February,
even from January.
I kept on telling everyone to be bullish on ETH.
And here we are.
I think we're up like 85% or something like something crazy like that off the bottom,
whatever the number is.
But ETH really leads the way for everything else.
And so now that ETH is basically on the cusp of all-time highs, you know, Q3 and beyond,
I do think we'll probably get a dip at the start of August.
Something shallow, something enough to scare people, something enough to, you know,
make the top callers, you know, come out of their dark caves to tell us their bearish dreams.
to tell us their bearish dreams.
But ultimately, I think, you know, we'll continue to grind higher.
And I think, you know, August and Q3 is going to be a lot more explosive than what it was.
As we get, like, deeper into the cycle, you'll see that, you know, these climb-ups that we have,
they just get steeper and steeper until eventually we top out.
But, yeah, man, I mean, I'm coming back.
Hey, Joe, I think your signal's a bit off, man.
I think your signal's a bit off.
It's coming out a bit choppy, just letting you know.
Hey, let me do this real quick. I'm actually just getting back to the desk here.
So go ahead and hit up Grant and then circle back.
Yeah, no problem, man. No problem. Hey problem hey grant what's going on boys what's
going on brother hope everybody's making money today yes sir man i actually have uh your book
right in front of me uh the 10x rule one of my favorites uh one of my favorite things that you
say is uh when you talk about quit lying to yourself and it says now now hear this guys
these are some mental jewels that i'm going to provide for you.
So it says success comes about as a result of mental and spiritual claims to
own it followed by taking necessary actions over time until it is acquired.
If you approach it with any less gusto than your ethical and moral duty
obligation and responsibility to your family, your company, and your future,
you will most likely not create it and have even more difficulty keeping it. I guarantee that when
you, your family, and your company begin to consider success to be responsibility and an
ethical issue, then everything else will immediately start to shift. That is some gold
that I took from your book your book brother but glad to have
you up man what are you thinking uh what are you thinking about the market bro i just can't you
know can't move fast enough to to get enough fiat to convert fiat to to good to great real assets
and you know as the government continues to print money, obviously anything real with finite or difficult ability to replace is going to
go up in value.
So you guys should be like,
you know,
I'm grateful for my life where it's at,
where it is,
but I'm never satisfied.
I hope you're not never satisfied with where you're at and that everybody's on
the grind to get themselves to another level and enjoy the freaking adventure, bro.
The success adventure is a fun trip.
It's your own personal movie.
You're the producer, lead actor, fucking drama.
You know, you're the reason that's going to win or fail at the box office.
So it's a great thing.
That's what I'm talking about, man.
Do you think Trump is going to influence Powell getting rates down by—
Look, on that, I'm on Laura Ingram's show tonight.
If you guys watch Fox News, you'll see me on there at 7 o'clock or 7.30 or something.
But I'm talking about that exact thing.
This guy promised America that we
would win until we were sick of winning. And if you look at what he's done, I mean, we had the
first June budget surplus since 2015. That's 10 years, $27 billion surplus from tariff income.
He used the tariff or the threat of tariffs to negotiate over $5 trillion coming into the United States.
Tariffs are shielding American workers from unfair competition.
Manufacturers coming back home.
He's boosted revenue by about $180 billion without raising taxes on the citizens.
He's reduced the trade imbalances.
I mean, goddamn economy's rocking.
He's like he's got the Midas touch.
Like everything this dude touches and has control over has worked,
except where Jerome Powell's in his way.
And housing's the only thing holding this country back from literally going
into the golden age.
The Dems and the liberal economists were wrong.
Bankers were wrong.
Economists were wrong.
And Trump, fuck, I don't know how he pulls this shit off, but he was right.
Dude's got the Midas touch, man.
Hey, Evan or Donnie, if you guys want to bring up anything to grant feel free uh
to do so i just know grant bought the 98k or around their bottom when everyone was uh scared
with the whole world war iii stuff that was going down that was an epic space that we had at that
moment and i think grant and his business they bought like 6 000 btc or
something around there it's pretty crazy well done grant thank you
let's pass it on over to evan evan what's going on man what are your thoughts on the uh
conversation we're having yeah i mean you know a couple things i mean you know first thing first
you know trump is kind of based on what Grant was saying before, and Trump, the Midas touch, it's kind of this law of attraction. I heard, I don't know if it's true, I heard from somebody that Trump has listened to The Strangest Secret by Earl Nightingale like a thousand times.
have not listened to that. It's from like the 1950s, really good, like half hour recording
on YouTube. And it's like all the same problems that just man faces and kind of, I'm not going
to go into it in too much detail, but you kind of understand what Trump is doing when
you listen to that. And it's something that could definitely improve your life a lot.
And it's a lot of the principles that kind of Grant was talking about. Now, to get into
Bitcoin and all this right now, I think,, I think what Donnie was saying was really good before.
I think that ultimately,
this could be kind of a sideways week,
some consolidation,
kind of where we are in the cycle
is we're in ETH season.
You look, ETH is outperformed.
You look at ETH versus others,
which is a really important chart to look at.
Others is everything outside the top 10
of crypto market cap.
And it
bottomed in the four-year cycle, bottomed in April 21, and also bottomed in April this year.
And then in 2021, it peaked out in early August of 2021. And we're approaching that same evaluation
that we were in early August. We're at the same evaluation that we were in the end of July of
2021 right now, as we are in the end of July, exactly four years later.
So I think we're getting close to that area.
When you look at, so that essentially once you get into August, that's when you probably see that all coin season start.
And when you look at where we are in the cycle, I know a lot of people have mentioned this.
Bitcoin's always peaked out 18 months after the halving.
It's also peaked out, I think it is 152 weeks, give or take, after the bear market bottom,
which this would bring us all the way out to October.
Now, my theory with Powell here is Powell is, you know, Trump is the lion.
Powell's another lion, two very powerful people.
I call them lions, which is kind of funny.
But Powell has an ego to a certain extent too.
And I think, I have a feeling if things keep going up, if things keep doing well, you might
not see a rate cut until the end of October.
And if you do, this is just a theory, I could be wrong.
But if you do see Bitcoin at 150K, if you do see Ethereum at 7,300 in October, and then
you finally see that rate cut at the end of October,
that could be your end of that bull run. That could be that big retail trap that we generally kind of see. So ultimately right now, I mean, getting into the real short term of Bitcoin,
I think you're going to be kind of sideways. Sure. There's a CME gap at 112 everybody's talking about.
Sure. You could come down there.
I do think ETH has got a good shot by mid-August to jump up from where we are right now and make potentially new all-time highs, get to that 4,800 area.
And I would think Bitcoin would hit probably 130 by that area in the next two weeks.
And then I would think you would get from mid-August to mid-September, a potential pullback. I think where we are right now, like mid 3Ks for Ethereum, is like a huge, huge support area. And I would think when you do get that pullback for ETH and Bitcoin, it'll be pretty scary. I could see it being pretty scary,
but I think you'll only come down back to kind of where we are right now, maybe from 4,800
back down to high threes or something along those lines. So that's ultimately what I'm looking at right now.
And then after that, into October, that could be potentially Bitcoin 250K, ETH up to 7,300.
And while a lot of altcoins, I think your average altcoin, you look at others, that
chart's really bullish.
You look at total three, that's really bullish.
Your average altcoin doing, you know, a two to three X in that amount of time.
So just to be, you know,
frank with you guys, a lot of alts, unfortunately, I don't think are going to make new all time highs,
but some definitely will. So I think there's a lot of opportunity there too.
Hey, Evan, let me ask you this, man. Don't you think that it, and this is a term that gets used a lot, right?
This time is different. And do you think this time is different in regards to 18 months after the halving? And if you think that will be a quote unquote cycle top, do you think we
experience a traditional bear market where it's usually a 12-month drawdown? Or do you think that because of these institutional flows, we would just see more of a three to
six, maybe three to five-month period where flows aren't as strong and the market cools
off as we saw earlier this year and also years prior, right? 2023 and 2024, we had periods in that year where we honestly just ranged
within a 35% range for a couple of months. But of course, alts got destroyed. But nonetheless,
for majors, it was mostly just a 35% range. Yeah, well, the first thing I'll say on that
is if you look at the pattern, so Bitcoin in the four-year cycle, Bitcoin,
so to say it's going to be a shorter bear market, yes, 100%, I would agree. I think it's definitely going to be a shorter bear market. And if you look at that pattern, Bitcoin bottomed in January of
2015, it bottomed in December of 2018, and it bottomed in November of 2022. So it's one month
shorter each time. So if you look at that pattern,
that'd be a potential bottom in October. Look, I mean, I could be wrong. I don't know. Maybe institutional investing and all this would keep Bitcoin higher. What's interesting also in the
four-year cycle, I look at it in S&P 500 as well. 2014 was a positive year for the S&P 500, while
2018 and 2022 were negative years. So that would also strengthen the argument for Bitcoin to hold up better.
I would think worst case scenario, you'd be back at 50K in October of 2026.
50K, you go up to 150, you get that general, what is it, 70%, 60%, 70% correction.
I would say best case scenario, 70s, 80ks, the lows that we saw kind of this year would be that situation.
But I do think for all coins for Ethereum, you would see your typical kind of bear market, something along those lines.
The institutions and that stuff can keep Bitcoin higher.
But the thing is, we kind of want, you know, Bitcoin to go down to a certain extent so you could kind of, you know, get more unless you're just planning on holding for a really long time you kind of want that volatility because you know when you get no
volatility it's just like gold like sure it goes up sure it's good but you know let's be frank you
know not too many people are getting rich with gold you know not since the not since the 70s i
mean it'll still do well but you know that's kind of what we want in that you know that situation
for dip buying. So, yeah.
Go down.
Evan, so you're still a believer in the four year cycle theory?
I am.
I mean, if you look at like Bitcoin versus DXY, I mean, some people will disagree with me on this.
But I mean, I don't think, you know, how everybody talks about how we made a new all time high earlier.
Like if you factor in inflation in the first cycle, we really didn't make a new all time high until later 2024.
So, you know, I factored in based on inflation. And if you look at the drawdown on Bitcoin versus DXY in 2022, it was more than the 75% correction against the US dollar. It was
factoring inflation at least like an 80% correction. So it's usually Bitcoin against
the DXY kind of, which is, it's not a complete, you know, not a complete, what's the word,
you know, following inflation, but it's pretty close, I would say. So I still think it would be 4%,
5% better than last time. So instead of a 80% correction, I'd say between 70 to 75% correction.
My theory is that like, I know a lot of people, like a lot of the older generation,
the boomers and all that, they bought at like 48K, kind of that inception of the Bitcoin ETF.
I have a feeling a lot of them are excited. I talked to a lot of people, you know, they their 60s, 70s. They're excited about how well Bitcoin's done. I think it'll go back to
the inception of that ETF. I have a feeling. So, yeah.
I don't know. I mean, when you take into consideration the fact that there's a vastly
different driver of prices in this cycle moving forward than last cycle. You
take into consideration just the natural phase of adoption that Bitcoin will go through.
You know, you were well past early adopters, and I believe we're in the steepest part of
the S-curve adoption. I mean, especially when you look at everything from ETFs to the micro strategies to the,
you know, to the governmental adoption that we've seen on a global scale.
And there's so many examples that we can pull from.
But you see the level of adoption accelerating. You see the market participants, the demographics are changing.
It's not just driven by retail anymore.
And then on top of that, you're also, from a liquidity standpoint, you haven't even started
injecting liquidity into the system to, you know, on a massive level. And we haven't,
you know, things like rate cuts and things of that nature hasn't even started yet. So I understand
why from a historical standpoint, you might really cling to the four-year cycle. There are still
similarities, but there is an argument to be made, not that this time is different, but the thought of what has been going on over this last, let's call it five to seven years, hasn't been the start of a new cycle, but just a continuation of what was.
cycle, but just a continuation of what was. And, you know, what's on the opposite side of this
could be seeing catastrophic, but for the time being, we're in for, you know, just a further
acceleration of what we've been building up over, you know, these last five to seven years. And
we're seeing that starting to bubble up with all of the adoption, you know, and now the U.S.
government is pushing this forward. And there's so many other things that we can point to that starting to bubble up with all of the adoption, you know, and now the US government
is pushing this forward. And there's so many other things that we can point to. I think the biggest
thing is, you change the demographics, you change, it's no different than, you know, any other,
let's call it, let's call it utility coin, meme coin, whatever you want to call it.
When you change the holder base, you typically would change the structure of what that chart would look like.
And when you transfer from retail to the tsunami of capital that's coming from institutions,
you're naturally going to change the trends over time.
And you're naturally, will probably even accelerate the growth of what's happening,
compounded by the natural adoption that we're already seeing now. So that's why it's like,
I can't really hold too much to the four-year cycle. We've seen an all-time high before the
halving. We've seen an acceleration to new all-time highs in what was supposed to be
a stagnant summer. And it seems like everyone is kind of offside and looking for a 120K to 150K top
when we have so many more tailwinds to look forward to. And perhaps we do see like a local top this year, but I just,
I find it hard to justify that, that we,
we stick to the normal four year cycle when it clearly hasn't really been
sticking to that this entire time.
Donnie, I think, I think this is where you come into the picture man we uh we just heard
your favorite terms bro dxy dxy dxy bro so bro what are you thinking about this conversation
donnie when it comes to four-year cycles and and and all that sort of discussion because I mean you know everyone here knows knows my views on it I
think we can extend all the way to like late 2026 with the insane setup that we have staring us in
the face with Besant telling you that we're about to replicate the late 90s all over again yeah I
definitely agree with that timeline as well. I think the chances of
topping in 2025 now for a cyclical top and you have to have a definition of your cycle. What
actually is it? To me, it's always been a liquidity cycle. If global liquidity is continuing to
increase, if they're continuing to debase currency over time, if the plans that they have from a
policy perspective
also are skewed towards more currency debasement, which we can clearly see they are,
then I think you're going to have a continuation of this trend until they pull the plug on liquidity
itself. So because they're running the macro playbook hot, essentially. They're wanting to have this pro-growth, pro-market agenda
at all costs, not completely setting aside inflation. That can definitely turn inflationary,
but they're wanting to take this route. They wanted to take the detox route initially,
and that was just causing way too much volatility in every market, including the main one,
the bond market, which they didn't want to handle. So here we are with the playbook reversal. And I
think if you're looking for a cyclical top, what you should be watching is basically everything on
the liquidity measure side of things. So we know that one of their main tools in the toolkit for this cycle is the deregulation of the banking system.
So that basically involves a ton of unconventional styles of QE.
We already had the SLR exemptions be passed by the Federal Reserve.
They've mentioned a multitude of other things that they can tap into. to, there's plenty of dormant pockets of liquidity in the banking sector that add up to many
trillions that they can tap into over this course to continue running this hot market
that they want to run.
So as long as that keeps materializing, as long as global liquidity is trending higher,
and you're essentially going to have this downwards pressure on the dollar, which in
this environment, basically a
monetary inflationary environment, what are the hedges against that? It's going to be gold,
Bitcoin and stocks. So I just think the timeline for that is a lot longer. We know Trump is trying
to basically get re-voted back into the midterms. What's he going to have to do to basically get
re-elected again? He's going to have to deliver economic positive results
to the voter base,
which is essentially just low to middle income households
and small businesses, right?
One of the main factors for that is getting rates down.
They're also getting rates down for themselves
as they're going to have to issue a ton of short-term debt,
which basically if Fed funds rates are super high,
like they are, you've heard it from Trump's mouth himself, they're going to end up paying a lot of hundreds of billions for those high interest rates.
That's why they want them lower.
And that's why he's mad at Jerome for not lowering the rates.
So I don't know.
We've got a lot of things going in terms of the liquidity cycle, not to mention the whole stablecoin playbook that just keep this thing running.
cycle, not to mention the whole stablecoin playbook that just keep this thing running.
So it doesn't really make sense to me to call a cycle top in this cycle when we're just
having the expansionary phase of things start to unfold now.
And it's going to take some time.
So if everything does start to look like it's overheated this year and they do start or
things on the liquidity side start to get ugly like you have a big rally
in the dxy and things like that then you're going to be able to telegraph a top anyway it's not like
i'm going to hold through um you know in hopes that everything's going to get better you can see
that coming with you know leading indicators and the structural setup on the chart i just don't
think you're going to get it until 2026 because of all that do you mind
if i jump in here because there's a lot to unpack with what you just said um and i've been waiting
for a little bit um okay well i'm not a big i'm i'm more of a macro person and i'm more focused on
um like uh for interest rates and how that affects um how that will affect bitcoin and
cryptocurrencies and um i want to go back to what evan said and what he was talking about with like interest rates and how that affects, how that will affect Bitcoin and cryptocurrencies.
And I want to go back to what Evan said and what he was talking about with respect to volatility.
Interest rates, essentially, they are supposed to represent the cost of borrowing money.
And interest rates, when they are high, which we never, we never, this interest rate height cycle,
they're high, which we never, we never, this interest rates, um, height cycle, it never really
got high enough to like, uh, influence, uh, people using, um, like, you know, um, basically
using, uh, interest rates as a mechanism of lending out money with the exception of banks.
But even with that, um, credit tightening, the credit really never loosened after 2008.
It really didn't as much even with the rate hack.
We are definitely far beyond any kind of quantitative easing.
I don't know where you're getting that from.
We printed $4 trillion, which is why we had to raise interest rates.
There's monetary policy and fiscal policy.
Fiscal policy is a way of quantitative easing.
Monetary policy is a way of quantitative easing by lowering interest rates.
So that's just to clarify that.
How that fits into Bitcoin and cryptocurrencies, I have no idea why interest rates are the way they are.
It is basically just adding to our debt and the
cost of our debt. But I also, I agree with, I kind of agree with you, Evan. People, we want to see
volatility because, so there's a risk reward ratio with volatility and that's why people invest in
volatile assets. And I feel like, you were talking about the S&P and the returns and
stuff. I think because of having ZERP for so long, and having interest rates never really go a high
as high as they needed to be to, like, fully, like, kind of implement, real quantitative tightening. I don't really think that we saw
like, like, I don't think we saw the kind of volatility with the stock market that afforded
the risk capabilities for people to make higher rates of return, which is why a lot of people
turn to cryptocurrency. But I think that Bitcoin, like, I hate to say it, but I do think Bitcoin has
has kind of lost a little bit of its volatility.
I think it'll stay relatively stable.
That might be good for altcoins because they are still more volatile.
They're not as predictable.
And so I think there might be a shift towards that for people who are wanting to invest in high risk, high return assets.
I also don't really agree with the four-year cycle anymore.
This is just because this, I mean, I have an economics degree, but that was a long time ago
when I got it. And the four-year cycle was kind of a standard thing when you're looking at
short and medium term to long-term investments. But I think due to the pace of financial
transactions and how fast
markets move that day, I think we're closer to more of a, like, I would say about a two,
maybe maximum three-year cycle. And I think cycles are moving much more rapidly than they did.
So I could be wrong. I really think that, I think there's absolutely no reason for the Federal Open Market Committee or for for Jerm Powell to keep rates up. I think the best thing for him to do
is lower rates back down to zero for us to establish a Bitcoin reserve, use that to pay
back some of our national debt. I don't know, you can laugh all you want, but this is the exact
this was the exact advice that was and proposition made by Maurice Obstfeld, who was the former chief economist of the IMF, who's also trained like every BlackRock executive.
So, OK, yeah, laugh.
But these are like literally top economists agree with this.
And with that in mind, if we could pay off the debt with lower interest rates, that would also potentially help increase the price of Bitcoin because it, you know, it being a reserve asset, like some more similar to gold or like just a scarcity asset that we could kind of use as like a peg basically to currency, that that would be, I think, more a better use of just facilitating
like how the quantitative easing and reducing our debt as well.
Hey, Ms. Caste, I want to welcome you. Hopefully I'm pronouncing your last name properly.
It's Cassette. It's like Cassette, but with a T.
Okay, okay. Okay, okay. Ms. Cassette. Well, I want to welcome you. I hope you've been enjoying the conversation. I see your bio. I'm also a follower of Christ.
I thank him for all the successes that I've had throughout my life and certainly for this brand.
So first and foremost, I hope that you're entertained by the content if you decide to follow us and all that stuff.
But when you had gotten up here, I think Donnie was finishing up his point.
Not to be rude or anything, I think Donnie was finishing up a point. But I will say that
I do agree that the Fed will return to a zero interest rate policy or ZERP for those that have
heard the term. I just think it probably comes a lot later, probably next year, along with some money printing. But Donnie, finish your point, brother.
You were saying something about the stable coins and backdoor QE,
which if they print stable coins, they essentially buy treasuries with that sort of stuff.
You were explaining that on yesterday's stream.
Yeah. Now, the ending of my point was basically that I expect rates to come down if Trump wants
them down 3%. It's also something that is holding back the business cycle. I think they're definitely
going to get that going, which literally was my point about them wanting to get re-elected back
at the midterms, they're going to
have to bring these economic positive results to the voter base. And one of that is getting rates
down. Low to middle income households, they rely on lower interest rates. They're basically
people who have the most debt in the United States, along with small businesses, they can't
really function with higher interest rates, or it's super, it's super hard as lines of credit
are very hard to access for them at these higher rates. So if rates are going to come down a
significant amount, doesn't have to be 3%, or it can be zero or whatever. That's another liquidity
positive event over 2026, which is why I kind of don't see how the cycle wraps up this year.
over 2026, which is why I kind of don't see how the cycle wraps up this year.
You've then also got the unconventional styles of QE,
which they literally got the SLR exemptions over the line,
I think last month or was it last month or very recently,
which again is another liquidity positive mechanism,
which is basically another backdoor style of QE.
It's just through the banking system,
basically unlocking dormant pockets of liquidity.
They're creating liquidity out of thin air
by being able to leverage more to buy US treasuries.
So they've mentioned a number of other toolkits
that they can tap into,
like pushing Fannie and Freddie public,
which they haven't yet.
But this all comes with the deregulation
of the banking system,
which they are trying to push. And if they do put fannie and freddie public that's a 33x leverage on their
equity that they can tap into again to buy more u.s treasuries i think they got like 150 billion
in equity so you're looking at like four or five trillion in potential qe that they can tap into
whether they use all of that uh you know over the course of 2026 is not really the point. It's more so that they can
tap into these things and they will to fuel that 6.6% GDP that they need to hit to basically outpace
their debt or match it. So those are the two main points that I really wanted to finish on, but also
what they're doing with stablecoins. We know the mechanism of basically you come in to the crypto sector, when the environment is super hot,
of course, you attract more global capital. If the sector is doing well, if the environment is
supporting risk assets to go higher, there's going to be more demand for stablecoins. And
we know how Tether operates. You come in, let's say with 100k fiat, they take your fiat and they
buy US treasuries
and earn a free yield on that money. So if they're projecting numbers of, initially,
they projected 1 trillion, then they started bumping it up to 2 trillion, 3 trillion,
almost 4 trillion. They expect stablecoin demand to increase too. That's a lot of
unconventional QE coming into the treasury market. So there's tons of QE and there's tons
of, well, there's a lot of, there's a big amount of rate cuts that are basically coming in the
near future. Whether it's 3% or not doesn't really matter. I think even a 50 basis point cut this
year, if they ever get one over the line is going to juice the market even higher. So yeah, I think it's all good for risk assets.
Didn't really have too many points that I
disagree with what Nora said there, other than just the QE stuff.
Man, imagine if Powell just does the Chad
thing and just cuts by a full basis point, bro.
I think that would be bad for the long-end bond market. That's the only other thing is
you've got this flywheel of if they are running it hot like they are and they're wanting to get
rates down and arguably an inflationary setup, I don't know how long-end bonds survive that,
right? There's going to be a ton of selling to get out of bonds, which again, if yields start spiking super high and they're wanting low to middle income households and the housing market to do well, they're going to have to step in and buy those treasuries to cap yields.
So it just ends up being a very persistent monetary inflation flywheel.
So it's just all things inflationary.
And then you're looking at btc gold and stocks but if
the inflation runs too hot it might even just be a full pivot to btc and uh gold so
the timeline for me again goes straight into 2026 it's going to take a lot of time
uh to get these rates down three percent i don't think they're just going to slash them overnight
and for those for that economic
positivity to actually be felt by that voter base, I think it's going to take many quarters.
So yeah, that's kind of what I had to say. Yeah. So basically our goal this cycle
is to accrue as much capital as the market reasonably provides until our careers get one shot by AI.
That's basically it, bro.
Talking about AI, dude, I can't wait for some of these IPOs
to go live in the stock market.
I think AI IPOs are going to be massive throughout all of next year, man.
A lot of these are going to shock people.
Kind of like 21 Capital, that one company that Matt was on up here talking about if you want direct exposure to Tether and its business.
And honestly, I do think Tether one day is going to be one-to-one with Apple.
I really do think so.
I think there's going to be a market
cap for tether in the trillions and you are now starting to see bitcoin maxis like extreme bitcoin
maxis talking about like how stable coins is bullish for btc and as much as it is it's it's a
hell of a lot more bullish for all coins because these uh layer ones like eth like soul um
i'm not sure about hyper liquid but eth and soul right those are going to be your guardrails for
stable coins and if those are going to be guard where guardrails for stable coins how do you value
that asset a hell of a lot higher than the stable coin that's used as a guardrail, right?
No, that's used on the base layer.
Excuse me.
I think I messed up my vocabulary there for a bit.
But look, I'll pass it on over to Ragsy.
She has her hand up.
Ragsy, what's going on?
Welcome back to the show.
Apologies for not sending you that in-write yesterday.
I have nothing else to say except i i i apologize i said
i sent you i sent you a voice message after the fact but i want to welcome you on the show what's
going on what's up i forgive you i literally almost forgot to i actually felt bad because
it was like oh shit it's it was like five o'clock or something um but no
we're good i'll come on another day i'd love to support your channel i love i never go live or
do interviews with anybody i only do it with people i like that are more like serious you
know serious about the crypto markets i'd love to support your channel. I'd love to come on there.
Yeah, no, I had my two cents, Ragsy's two cents on some things that were said,
like what you said earlier about, that's my favorite phrase as well. It'll be different this time because it never is. But this cycle is actually the cycle where the phrase is true.
It is different this time. You have it is different this time you have the pro
crypto legislation you have the hedge funds bitcoin hit its all-time high before the halving
as a result of the etf has never ever happened before in any bull cycle so it is different
so i've been personally just playing this cycle by ear and pivoting kind of like as the updates come in,
we saw the legislation, you know, get passed. This is all like pro crypto policy. But the main
thing like that I, you know, look at is like, what is the big money doing? Like, where's the
big money shoving, you know, their cash into, right? And so it was
like very fun, because I actually said on your show, Wabi, a long time ago, it was like breaking
news, like last week, that the Bitcoin ETF was like the most successful ETF in BlackRock's history.
But we already knew that because I said it on your show months ago after I went through their reports of that first year um so it's just funny I actually I love this show I
value the show I value people like um you and Donnie are paying attention to markets because
we're also like six months ahead of other people like they're like the world is just so slow they're
just figuring this kind of stuff out even with ethereum like i found donnie
was such a small account because i was looking for people to go live with me that were bullish
on ethereum and a lot of the people doing twitter spaces were not bullish on ethereum they're very
bearish just said ethereum's cooked it's done it's solana forever and blah blah and i just
really didn't believe that so that's actually how I found Donnie because he was one of the only people that was also bullish on ETH at a time where ETH wasn't really happening
right and now we kind of see um everyone's narrative is kind of shifting now that it's
all coming to fruition right so I'm I'm just like very I'm like excited because I feel like I
definitely made the right bets like this entire bull run.
But it is different this time.
And that's what people have to understand. Whatever you know from the past, however financial markets were governed in the past, everything is literally changing.
Not just because of blockchain and crypto and all these policies coming in, but also because, Wabi kind of mentioned it, because of AI.
Everything is moving faster at a faster pace.
I think I said on also a past show, I was on here that to keep an eye out for the IPOs,
the AI ones, but also you're going to see a lot of blockchain companies IPO at the peak of this
bull run. I think it's a buy in the bear market. Actually, that's where you can get a lot of these
things, dirt cheap that
are like the ones that are destined to survive for the next run but um there's like quantum
computing already coming out and they're saying like that's gonna you know overtake crypto whatever
i don't think it will i think it's gonna be implemented into blockchain somehow but like
all these things are important at the end of of the day, the majority of people, right?
The majority of your audience, they're just trying to,
they're interested in crypto and they want to make gains, right?
They want to be successful at crypto.
You know, if you do your research
and you're just paying attention to the market,
you don't have to guess the exact bottom and top.
You could be, you know, somewhere in between.
As long as you're getting
the assets at a decent price, like you can make gains, you know, you might not make 100x, but,
you know, you can still make money in crypto if you do your research on the right things,
and you hedge your bets correctly. I think, you know, I'm somebody who also looks at the stock market,
because I just think old money still is not ready, you know, to let go. And I think that's
how they eased all the hedge fund managers into it right through the ETF. They're like easing the
old money into this newer technology through ETFs through the good old fashioned, you know,
stock market way. And I think the landscape is
going to change over in the next few years. I do think we're early. You know, I agree with
pretty much everything said, but in a nutshell, like this bull run is not over. It's not close
to over. They're making way too much money. These hedge funds are making way too much money on this shit for this bull run to be over.
They've barely cashed their ETF as opposed to their Bitcoin ETF.
And I think you're going to see a lot more ETFs come about this bull cycle just because
they've proven to be so profitable.
So, you know, I think, you know, for me, I'm still super bullish on ETH.
I have been the whole cycle.
I think that's going to be the next draw into crypto for the for mainstream.
You know, it was first Bitcoin.
And I think Ethereum is going to be next.
And it doesn't mean like other alts like Solana are cooked or anything.
It just means that all the attention, I believe, is going to go to Ethereum
next. And I'm really excited for that. And it was very interesting to me what Donnie said,
how we're going into 2026. Because if you asked me in January this year, I would have said, no way.
It's got to be the top has to be this year. But you see, they just passed all that policy.
And so that's why I like to play the game until it's over,
because new things can come about that throw off your charts entirely.
So that's why you have to be paying attention,
essentially, like, the entire time.
But those are all my thoughts.
Thanks for letting me speak, Wabi.
Appreciate you.
Yeah, no problem.
Rags, yeah, I'm not caught up with your lore but i i know you've been
here for uh for multiple cycles but what were some of your uh biggest trades last cycle if you
don't uh if you don't mind me asking so i always did crypto as a hobby back since 2017 i aped into
crypto i was i don't want to get like too myself, but I was a nominee of the Forbes 30
under 30 back, oh my God, it was in, yeah, 2016 or 17. And I was at there and I got to meet Ray
Dalio, a bunch of people. And all the other nominees we're talking about, they're like,
people and all all the other nominees were talking about they're like um bitcoin bitcoin bitcoin and
i'm like okay like i've heard bitcoin but i wasn't like super into it at the time and they're like
girls literally in the bathroom on their phone talking about the price of bitcoin everyone was
talking about for all the like young upcoming entrepreneurs are all talking about crypto and
i wasn't like super into crypto. Like I knew what Bitcoin was.
So I'm like, okay, I need to like literally stop what I'm doing and do this crypto shit.
Cause they're all saying like fucking Bitcoin.
Everyone was, they're like obsessed.
It was like the height.
I think it was the height of the market in 2017.
So that's when I started putting my art on Shane and getting into crypto.
So that's kind of like how I got into it. And as an artist,
I love memes and NFTs. So I got really good at trading meme coins, even though it wasn't
necessarily back in the day, the smartest thing to do. Everyone's like, why would you buy that?
You need to buy the altcoins. This is like changing technology i'm an artist i was more interested in the memes so i i was just doing tiktok as a hobby
i blew up on tiktok because i called shiba inu early and i sold the exact top of shiba so that
was kind of how i grew such a big audience in crypto especially with the meme coin community
because everyone was saying
shiba was cooked it had like that 90 degree angle run up and you have to remember like
in 2021 memes meme coins weren't doing this this was like a new thing because the elon musk
and uh it like crashed right the price of shiba crashed and i bought the crash because i missed the uh original run-up
and everyone was like no it's a scam everyone's gonna get scammed because memes weren't popular
back then everyone's gonna lose their money if you buy it and end up being it ended up going to 40
billion and being like the second biggest meme so i was like a huge win for me and like a lot of my
like followers who are following me and stuff so
that was like my both that's my most notable uh public trade that I made but uh I've been doing
like bitcoin stuff since uh 2017 because I put my art on chain on ethereum I was trading the like
original crypto kitties and stuff like that i like lost
i lost all my original ethereum wallets so i'm like i'm like there's like money i think that
happens to everyone though there's like money so much money in some of my original wallets and i
have no way of accessing them because i didn't like keep my seed phrase because i was just
messing around at the time i didn't think like it would be worth anything so yeah that's kind of personally how I got into the market but
I'm best known for my NFT art and then the Shiba Inu um Trey I was also early to Dogecoin as well
because I was doing all the meme stuff and then that that's how I got into a lot of the big
memes this cycle, because I've always been doing meme stuff. So when Pepe came out in the bear,
I was like, oh, it's going to be Pepe verse stuff. So I was already looking for all the characters,
because I already knew the meme, right? So that's how I got into Brett early,
and some other ones that Max likes as well because I was already hunting for them because I was still trading in the bear.
That was epic.
Congrats on that ship call.
And I'm glad you got to speak about that because there's actually a pretty avid listener who also follows me on my personal that DM'd me just saying thanks for having you on because you're a legend.
So I wanted to ask that.
But look, guys, I want to thank Donnie.
I want to thank Ragsie.
I want to thank Evan.
I want to thank Mr. Cardone for also coming on.
I want to thank Chill for coming on. Guys, is there anything else that you want to say before I wrap up? Donnie, Rags to thank Mr. Cardone for also coming on. I want to thank Chill for coming on.
Guys, is there anything else that you want to say before I wrap up?
Donnie, Ragsy, Evan, anything that you guys want to say
before I wrap up the stream here?
I just noticed, I think I got this feeling that
as long as we have to debate people about being bullish on this cycle,
I think we're going to be just fine.
The moment that everyone starts to agree is going to start to get sketchy.
And it probably happens this year.
I just don't think you're going to have a cyclical top this year.
It's definitely going to be a local top as far as I can see.
But it can still be super scary, just like how that April low was super scary.
There's always a narrative to assist the downside to make you sell and rebuy low uh rebuy higher so yeah um people are still fighting the trend and especially trad fight like they've
been resisting this rally since the bottom and if it continues to materialize in a risk-on
environment they're just going to be forced to buy higher which is just going to fuel the rally
anyway but yeah i think we're in for a really good year i'm in agreement with that man i
think um we have one more mini bear market like we had earlier this year and also probably another
multi-month consolidation like we had uh in 2024 gold gold is telegraphing that consolidation
anyway it's been ranging for like three to four months and we've been tracing gold right btc following gold after like a three-month lag so if it's
telegraphing a three to four month range it's likely we get the same range i think the only
thing that's going to trip people up is that that range might actually be uh in an environment where
alts can run super hot just like the 74k range that we had, which was way worse conditions than
it is now, right? We're in much deeper price discovery levels with Bitcoin dominance, you
know, pretty much confirming a top and ETH BTC confirming a bottom. If you range now
in this environment, that's when you can actually have blow off top after blow off top on alt
coins. So I feel like people are going to sell the rip all the way up on this rally on BTC.
And they're going to be watching a lot of price discovery across the altcoin market if we get that range formation, which I think we might get.
Let's get it, man.
I want to thank you, brother, for coming on.
I want to thank everyone else guys if you've been enjoying the stream if
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So if you're looking for a group that not only covers crypto, but also equities, covers multiple sections within the crypto space and also goes on to daily life calls Monday, Tuesday, Wednesday,
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So feel free to check up everything up on the Nest, including the stream that myself and Donnie produced yesterday on my personal Twitch profile.
That was a really, really lit stream.
Probably one of the best streams I've had yet as far as like things one on one.
And yeah, thank you guys so much for the support
uh we had a great turnout today i think we had like a little over 600 speed a little over 600
listeners um at the the peak of the space so it seems like people um are really uh
are really starting to pay more attention to the market. So thank you all so much for the love and support.
Shout out to my Lord and Savior, Jesus Christ,
for allowing me another day of health to talk markets with you all.
And of course, to find people up here on the panel.
Thank you guys for making this show possible and entertaining as well.
Looking forward to our next discussion, guys.
So with that being said, have a good rest of your Monday or Tuesday.
And God bless you all be careful using leverage especially going into a huge event like FOMC but take care guys God
bless you all until the next one cheers God bless you Thank you. you I I
I I . We are now taking the live live radio. I'm going to go to the next video. so
I'm going to go around, it's going to be very fine, I'm going to be able to. You are now speaking to you on this radio. yes
