well talker it looks like it's just me and you today brother
come in clearly yeah yeah just me and you brother man it's one of those days man hey guys what's up
welcome back hope you guys are all doing well today apologies for uh setting the space up
uh and going live a little bit later we had an extended uh discord call man these calls have been
going uh for well over an hour man um but hey that's just uh what happens when you're in a
bull market right so what a day what a day i understand in market check we were having
some awesome volatility right btc got down to 40k and you know i was in the comments uh picking
and prodding at you guys throwing some fun in your way and truthfully i had some fun i picked
up a little bit more say today grabbed uh some manta network uh yesterday morning so we'll see
what that does right i think with some of these new tickers uh you often um you know we often see
some good positive price action right we've been saying that over the last couple of months uh
with tia uh with say sei and also with neutron and trn so decided to take a little stab at it right
and uh guys you know new all-time highs after two years on both the spx and the nasdaq right i
understand that the nasdaq's previous all-time high was at about you know 16 700 right 16.7 k
and uh we closed uh today for the weekly at 17 1 and i think with some of these newer tickers
man i think you might see uh some insane price action right especially some of uh these mean
points as well right we had wiff basically going from one million market cap to almost half a bill
in about a month straight to a binance listing and truth be told man it's so awesome to see that uh
solana is really really improving on how they're onboarding users man i actually believe there was
there was uh there was a post that was uh put out there that the new saga phone right the second
generation actually has more pre-orders than the apple vision which is absolutely insane dude you're
talking about apple a multi-trillion dollar company having less pre-orders than the saga phone
right which to my knowledge i think the saga phone has barely been out uh for about a year
and if you had gotten the first generation saga phone like tucker did you basically got
four figures for free right you got a bonk airdrop and you also got uh some some uh some nft's
airdrop to you uh like the saga monkeys which have been doing quite well and you know truth be
told i think solana is that third asset right we've been talking about solana on this show
since the summer time and um i think by the end of this bull market sometime in late 2025 early
2026 you might um see some some pretty some pretty gnarly things um on solana i think it
could honestly test um ethereum's market cap uh by the end of 2025 but um either way man i think uh
i think going into the having i think we might see that expansion leg up to like 55k and i understand
uh today's seller was uh was gbtc i understand that they were aggressively selling today and
listen guys usually whenever you have these etfs right or any of these massive
tradify announcements price tends to stay stuck for a while right um even last bull run right once
the coinbase ipl went live we were essentially stagnant for almost six months until the market
expanded and we made new all-time highs and so then you had all these later ones to go crazy
like luna phantom and all that stuff and the nft market gainfi and um i think you know i think
patience is key and patience will be tested um but uh tucker how are you doing today man how was uh
how was your trading day happy all-time high for everybody that participates uh in the equity
markets man i think this weekend is going to be uh quite fruitful i don't actually remember the last
time um like we had such a bullish close right where indices break all time high um i i can't
really remember anything else that was this great outside of when we first achieved that um shortly
after d5 summer i think it was like late july of 2020 when spx and nasdaq made uh made an all-time high
after uh the kovan nuke that's the only thing that i can that i can recollect because usually
whenever equities break all-time high that's essentially a signal for all these fund managers
that um are in the sidelines that like hey i need to get out of these treasury bills and
you know ape into these tech stocks
yeah yeah yeah you know that was quite the question there um
yeah i mean look i think i think you're right like it like indices all-time highs that's
wonderful i'm glad we didn't just uh just deviate and then sweep and then accept back below that
would not be great we still need to see uh probably next week's close to confirm that but
um yeah no indices look good i mean yeah look obviously barry has been the one
been the one nuking the market the last you know two weeks or whatever since the epf was approved
um and barry doesn't work on the weekends at least not for grayscale so uh we have a little
relief over basically it happened last weekend too i'm pretty sure like we had a little relief
pump over the weekend and then uh barry gets back to barry gets hard at work again on monday right so
yeah i don't know i think i think we have a window here you know we got indices above
all-time highs we got no massive clips of bitcoin about to be sold into the market over
this weekend so um you know there's there's a window i think you know generally if we go back to like 37
38k like oh no you know it's like okay right that's not that's not the end of the world at all
you know because ben kellin does make a good point um and this was kind of the move that i was
looking for uh when was it we were talking about it over the summer we made that video
i was looking forward in q4 it might i wm brother no no but but the correction though the correction
no no no the correction pre-having that's that's what i think we're probably in the midst of right
now if i had to dress like where you you know you rip face and then right before or around
the having you have like a 30 percent correction i mean if we correct from 49k
you know the golden pocket the sweep of the march 2022 highs you know that whole zone
we correct 30 back into you know you got the bull market support band you got some effigy
you know a juicy area right around 36 37k before the having like that's totally normal totally in
line right but it's like does that mean you should go short stuff at 41 probably not you know if
you're not short bitcoin from 49 you're probably going to get blown out trying to take it down to
36 uh if we even get there right if we get there so i don't know i think um i think it's a window
you know probably for the next three to four weeks where we can still do well
um as long as bitcoin's holding 40k on like a weekly closing basis i think we're fine
um you know i think uh i think alts do well in that window as long as bitcoin isn't like actively
nuking and barry's not actively just nuking the market every day um so you know i think i think
this is probably the wipe that you know tommy's been talking about and you know i remember what's
his name hentai avenger was talking about right like we needed a wipe so that eth and eth btc
could rip and i think we probably got it um i think we probably could see eth go to 3k
in the short term which is really like not a huge move right going up like 500 points you know it's
not like a monstrous move out of eth but i think you could probably do that while bitcoin ranges from
like 40k to 44 you know like nothing nothing too crazy um and then that's probably when you see
eth beta get uh get turned on you know just start uh actually moving um because it hasn't
really like if you've been holding eth and eth beta over the last
you know six months like you've gotten outperformed by just about everything um
you know with size right like if you're holding it with size like i have eth and i have like pepe
right but it's like that's not what the majority of my my portfolio's been in um you know so i
think those people who've been holding eth and eth beta probably get some relief over the next
few weeks um and then you probably see some sort of a wipe and then you get the jupiter airdrop
you know soul eco goes crazy again you get the blast unlock eco goes crazy again you probably
just get these kind of like sporadic little you know little alt seasons right when when what people
are looking for is like you know this absolute you know euphoric alt season where everything's
going up 100 every single day like you probably don't see that until bitcoin breaks all time high
and it's probably like 2025 if i had to guess when you see that because go if you guys haven't
looked go look at eth btc and go look at eth usd and go look at january of the post having year
and tell me what you find out because that is when the true alt season happens like there's no
point in speculating on it now until then we're just going to get sporadic little you know narrative
driven liquidity driven airdrop driven pumps in different ecosystems while big one probably ends
up grinding higher throughout the year and uh and then next year's where we really you know rip
people's faces off but that's not even you know we still can hit 10 x's right we we can still hit
massive moves until then so that's uh yeah that's generally what i'm seeing right now but i will
i'll shut up and pass it back to you obby yeah all good man i'm kind of wondering like
this whole etf thing right what if uh we're basically in june or july of 2019 i think we
can make a case for this perhaps being an extended cycle right and if we remember the summer of 2019
right that's when the indices started to rip just as they have been over the last couple of weeks
the only thing right uh is iwm that's really the only key component that we're missing
um and i understand that miners have been sally aggressively uh as well and i think for the most
part man as i've been saying on the show i think the worst thing you can try to do right now is uh
is day trade around these things right like i'm sure there were a lot of people that just got
blown out today uh trying to short right i know some of these puts um from our uh giga chat call
that we were discussing somebody was looking uh at how like you know the options flowed out and all
that stuff and some people got blown out uh today in tradfly by over 50 right trying to look at
crypto saying like oh if crypto's nuking tradify might nuke as well and as we've seen lately over
the last six months it seems that tradify and crypto kind of take turns with each other
right like i remember when qqq started to rally even harder once things like roll bit topped out
and everyone was wondering oh what's going on you know indices are ripping why is crypto nuking right
and then as we saw in the last week of october right crypto was rallying and uh the spx went
to like 4100 men but talking to miners man we have uh matt on the stage and uh guys today's
episode of market talk is in a bit it's gonna be a bit more brief right we started the show a bit
late so we're gonna go ahead and make this more of a community space so if anybody uh here in the uh
in the audience wants to come up and speak feel free uh to hit that request button and i'll bring
you up man love uh to talk some shop with you guys but matt what's going on brother how are you
oh he's uh he's uh giving me the thumbs down i'm sorry driving let me get to somewhere better
oh you're good man you're good oh we have uh we have somebody here who's requesting to speak
hey what's up lifestyle how are you brother uh hi wubbe um yeah uh actually my name is
daniel and i'm also part of your uh because bitcoin um community um today actually uh
since we said we have some time so i really like to like explain some thoughts behind like how i
try to like um see btc on like on on weekly basis and how i try to i'm not like a px part of
anything but maybe some people are hearing they can get some point of view from what i see btc at
least from the last three or four years i'll be in this market so um my basic theory is um there are
some inflection points because so you can call this like a window in which it forms like a local
bottom or a local top so in this there's this specific days that btc behaves weirdly like this
the dates start usually from seventh of the month till the 21st so from these days uh usually what
happens is btc either from the local top or a local bottom um you can go back um we can start
off even like i can mention some deaths like the covid error um we had a local bottom
uh we moved forward um i can again randomly remind of some data where we had some similar actions
fth crash happened on the 7th of november bitcoin hey lifestyle there's a there's some audio issues
on your end van i'm not sure if you're a bit far away from the mic just a second
hello can you hear me now
yeah yeah that's actually a lot better man what was what was your question actually i just wanted to
like i would try to just explain like how um this btc cycles work i like how i try to see that like
the local tops and local bottoms i was mentioning specific dates uh so from the seventh of every
month till the 21st of every month uh btc are usually from the local bottom or a local top
according to this model of that like this my basic theory of how btc works so some specific
dates i was trying to mention is like even when you look at um dates of the covid crash it was
must 13th uh it fell in this bracket we had ftx crash on 7th november we had the bitcoin look
the cycle top uh which was around again 9th november if i remember in 69k
so i mean there are many dates we i can talk about that btc usually behaves even the
the local top we had a 49k uh on the black black rock listing it was on 12th january and today today
which could possibly a bottom it's 19th january so i just have some this this is that i also
like trying to explain to you in some of my messages with you last time but just trying
to speak to the audience probably today so this is how i see this market behavior usually
because in these dates from 7 to 21st of the month it behaves by forming inflection points
so if the trend is usually stronger we see a local bottom and also local top within these dates
and about once we go past 21st of every month there will be a true move from btc it can be to
the downside or it can build upside and the momentum is strong for example if this is a
local bottom today after 21st of this month it probably moved higher till somewhere around
the sixth of next month sixth third again to the end of this date like a winter where i call it
local top and local bottom so i mean this has this trend has been happening at least from the
last three or four years and i've seen it like most of these dates at the local tops and local
bottoms it usually for they usually follow this um this um this theory i don't know it's pretty
weird i'm not sure if anyone has observed it in their way but uh this i'm not a perfect year guy
but for example uh on the third of january this this year this year was around 44 45 46
i'm not sure exactly uh but then we quickly wicked some work on date like 20 25 percent
so i was pretty confident even if we were 41 care at that time it was probably the sixth
uh it was probably the fifth january since it was not the seventh of january i was pretty
pretty sure we'll go back up and when this window starts of 7th and 21st there will be a
local top somewhere and it cannot it also january and when we have started getting there
i was a little bit low in confidence buying 44 45k because these dates were not there
so 19th of january now more confident that probably we are here at the lower bottom
so this is my theory maybe someone wants to throw some light on it but that's how i see it thanks
man no problem man thanks for coming up brother um i'll actually look into that man uh thank you uh
for throwing that into uh into our direction dude um you know hopefully today was that bottom right
it'd actually be pretty based if uh you know this move that we had was simply to fill that wick
that we had a couple of weeks ago when uh btc went from 45k um straight down to like 40.6 during
that liquidation cascade um i think that was shortly before we did a space and i think um
that sell-off was the most brutal sell-off that we've had uh since ftx right the amount of
liquidations that had occurred and basically every single long in the altcoin market
got completely uh wiped out man but uh thanks for bringing that up uh lifestyle
bobby just a quick point just the last last minute i just want to add even the local bottom
we had on of this move up uh 24 800 it was on i think the 14th of um uh 14th of october
if i don't recall if i recall properly right now i'm not in front of my desktop but i think
the 14th of october we are 24 800 again it fell in these dates so i just want to say
that the window from 7 to 21st is where you will get a local bottom or a local top on btc
and if the trend is strong it will probably have a local bottom and also local top in that
way window so just keep these days in mind anyone who is listening here and you can also dm me
we can talk about this in more detail if you're more interested in this but this is my basic
theory of how these cycles have worked at least in the last three to four years and first i
used to observe these trends but i was not that confident like how it follows but from the last
three or four months i've had more and more confidence in this altcoin market just following
these dates i'm not yet yet expecting but at least it helps me to have confidence when to buy
and when to step out of the of these markets so yeah thanks thank you brother thank you
man let's go on over now to uh it's a cool crypto cool what's going on it was going to happy happy
friday i love you guys show man you guys are amazing i try to catch it as much as i can but
once i see the yellow the yellow sign i'm joining in man straight up but um yeah so uh what do you
what do you guys think about um when do you guys think the gray scale dumping is gonna stop man
it's it is i know i know it's it's i call it the bullish dumping right that's what i call it but i
just when do you guys think it's gonna stop you think you know another two two three four weeks
what do you guys think are we gonna keep you know are we slaves to to to bury for another
for another two to three weeks what do you guys think
uh let's go on over to matt matt what are your thoughts on that if you're ready to go
yeah i don't think uh matt's ready to go just yet
that you were gonna say something matt
yeah i think uh matt may be driving man but as far as my own personal thoughts man on uh
on berry silbert selling on the market truth be told i think you know if we were gonna put in
that low i think it would have been uh today quite frankly um usually when you is matt speaking
by the way what's that babe wow
and he got me up north too yeah oh no oh dear yeah i think he has a hot mic man yeah yeah yeah i i
just read him i think uh he's out with his family and all that stuff but yeah i think you know
if uh if if you were berry right and you had all this capital tied up over the last couple of
years and you finally have uh you know a clear um avenue to get rid of those bags i think
you know this is pretty much the same um situation if you've seen that movie margin call
right um where uh i can't remember his name but it's the guy who voiced scar from lion king that
actor i think his name is jeremy right um like the guy who was in charge of the fund right and
this was um you know the event was shortly before uh that massive sell day and uh i think it was
like late 2008 early 2009 when uh bear sterns and Lehman brothers you know that period one of those
brutal selloffs occurred you know he was saying right when the market opens we're going to sell
everything and one of the guys was saying hey but you're willing to sell something that you
know has basically no value right and jeremy said you're selling something you know at the fair
market price to willing buyers and i think berry kind of set himself up in that situation where
it's like all right you know i'm going to sell all this stuff now that the market um has a price
set where i can offload right so i think you know if there was going to be a level set it was
going to be today but i think by next week right i think most of this would have already been priced
in onto the market um i just i i just think that there is some support right uh here at 40k
and you also have stocks at all-time highs um except iwm right so um i i i i don't really have
much to say outside of that man um yeah what about you tucker yeah i know uh i know berry's got
a lot he has a lot of of bitcoin i think he's got i think we're talking about earlier like 25 or 30
billion so um but i know they were speculating that he has a 500 million dollar daily sell limit
potentially um or that's just basically the amount they've been selling pretty much daily
since the etf scale launch so it's not really it's not really berry's fault i'm gonna defend
berry here because it's people leaving the grayscale trust right they're just they're
just you know why would they pay 200 basis points when they could pay 20 uh to get exposure to bitcoin
right so um you know they're just leaving grayscale they're dumping that and then they're
you know gonna ideally buy the etfs or like you know hopefully they're not just dumping it for cash
but um i think you're gonna somewhat see a delayed effect because um i think we were talking about
this in the space the other day or or maybe on market check but you know if i'm you know if i
have like 10 mil and i'm in grayscale and i dump it to you know because i want to pay less
management fees and i want the etf it's probably going to take a few days to settle first of all
and then it's like you got the weekend and then we had martin luther king day and then it's like
you know it's like it's going to take me probably 10 days to actually move that money from
grayscale trust into an etf so we should see inflows ideally um you know once those people's
money is this is just like the archaic banking system though right like it's just it's the archaic
financial system we live in so you know hopefully those funds that you know
quote unquote berry's dumping do find their way into these etfs um but yeah i mean if if it's just
going to be him unloading clips he's got a lot more clips to go if uh if that's really how it
is if they don't find their way into the etfs and that doesn't find its way into spot bitcoin right
so um i don't know i'm not too worried about it it'll probably be you know somewhat of a
somewhat of an albatross for you know maybe the next couple weeks at least on bitcoin hopefully
they just keep it pinned because right now it's it's larry versus berry and uh you know my money's
on larry at the end of the day so it is what it is but yeah that's what i think
the cool thing is is that we're seeing this play out in real time right um blackrock is officially
swapping in uh to btc and you know truth be told man like we can continue on raging here
up until the halving and i think i think that's perfectly fine man um but there's usually some kind
of you know pre halving or post halving debauchery right like the 2016 halving we had uh that massive
drawdown that ensued shortly after but we basically v-shaped recovered um but despite that all coins
just you know just completely crapped um the bed but i think you know we do hit uh 30k 35k i think
we would simply v-shape out of that and that's why like for me personally man i'm not hitting the
leverage button anymore my spot is my spot and it is what it is i just know that we're going to be
trading a lot higher um but i do have some stable coins right freed up for some of these new uh
for some of these newer listings that are that are going to be coming out over the next uh six to eight
weeks and if uh if you guys follow anybody that's a part of because bitcoin whether it's myself or
tucker you know exactly um what names we're talking about um but uh yeah man um matt are
you ready to go brother get some thoughts from you yeah i think uh i think matt isn't uh gonna
be speaking today man i think uh he's still loud and all that stuff but if any of you guys in the
audience want to come up and talk some shop feel free to hit that request button and uh yeah man
and uh speaking of eth beta tucker have you uh checked out rollbit it's it's it's so sad man
and i've also been looking at unibot and it's so wild man that having some of these assets
being bridged over to solana is now basically the same thing as achieving a uh i'll bring you up
right now shadmd it's basically the same thing as hitting a milestone
leave you ready to go maybe just open the chart on unibot it's quite it's quite striking to see man
um it's just indicative of what's happening on like a map or higher time frame kind of stuff
well now we talk about the stuff of these projects right you know 12 months ago nobody wanted to
touch soul but now you actually have clear metrics that it is the the layered one that
reached those choosing uh to be that apex asset of the cycle for l1 demand
hey guys how's it going um i just uh had a quick question on the uh the etf thing um i know it's
been brought up so many times you know people just you know getting tired of these questions
but it seems like taker knows a little bit on that so just say a question to taker if you don't mind
um generally how long it usually takes for that settlement which you just mentioned so let's say
if i were to send my if i were to sell my gbdc today and we're to buy let's say um arc innovation
oh not arc innovation the arc uh bdc etf um how long it takes for for that
transaction to settle so when will the arc etf the bitcoin etf will buy the bitcoin or the
arc etf i buy today so let's say i started the gbdc today and right after that i buy let's say
i shares etf or arc etf bitcoin etf when will that be getting into the reflection into the
supply of bitcoin so how long does it process at three days two days the same day at the end of
the day um so what is what is what is that time back yeah that's a good question i mean usually
when you um at least for me it's usually like a it's usually like a two to three day thing i don't
know exactly for a grayscale but to get out of something like a grayscale trust i assume it it
won't settle at least until probably two business days um and then you have to take that cash and
buy the etf obviously so that i mean that'll be credited to your count immediately i don't know
i actually really doubt that once you hit the green button they're going out and buying bitcoin
actually i'm pretty 100 sure that's not how it works uh you know that just it's credited and then
they're supposed to have spot on the back end right so um i would say they probably buy it either
later that day or the next day if i had to guess so i mean that's that's kind of what i'm saying
right like in total it probably takes like four or five days and you throw weekends in there
especially since the etf is launched and you know you're probably looking at more like seven or eight
total days between when you sell your gbtc and what you can actually
bought when that when the spot bitcoin gets acquired by whatever etf you're going through
right so that is part of the reason why like you know the cell pressure is seen in the charts
and in the in the you know supply created immediately right but the buy pressure takes
a minute to uh to get there at least these people are really just dumping one bitcoin product for
another and not going to cash so that's that's generally the timeline i think but uh you know
matt or joe or some other guys might know more um
sorry was uh messing with me okay i'm here i'm really good now um so that was bigger yeah what
all coins did you buy brother i know you man i know you bought them uh tech i bought i bought
some riot i bought some riot earlier this week and today i snagged clean spark at 650 yesterday
i bought it at 750 so that's okay i'm gonna call it a seven dollar average i'm very happy with that
but i mean if you were here in 2022 and 2023 it's all averaging up anyway so
but uh yeah um things are good uh okay so a couple a couple of answers um uh as far as the etfs
the larger etfs with with large liquidity um i don't think you really need to worry too much
about the arbitrage maybe there's a little bit of a lag but you have to also assume
that there's um uh the highly professional market makers that are looking at that arb in real time
high frequency traders that are oh okay it's a couple bips off to the positive or the negative
and they're constantly buying arcs etf or or black rocks or fidelities or etc etc and and
arbing that until it's gone in real time intraday so um if if you're buying one of the large etfs
um and and you know what they are then i don't think you really have to worry unless you're
day trading trying to day trade bitcoin um but it's gonna it's it's gonna catch up you're not
gonna you're not gonna um uh fall off by too much um over over the course of a couple of days
anyway um but to the to the bigger question to the bigger point um i think bitcoin is
range bound until berry and grayscale finally get uh all of their uh uh sellers uh abandoned ship that
that want to move on to different etfs or or just get out um i think we're just going to be stuck in
this 40k to um 40k to 46 ish range um until that until that happens you don't really need to worry
though too much because take one look at the smb f hundred take a look take one look at the
nasdaq 100 take a look at all the blue chips tech sector etc all of them are putting either in new 52
week highs or all-time highs and as we know bitcoin doesn't decouple from the broader markets
and broader equities for long um it reminds me a lot of uh when the broader markets put in a bottom
in call it october 2023 and then everyone in bitcoin was complaining because ftx
and spf made bitcoin have a new lower low in november and december while we are watching
broader markets start to swing up and and some names even rip people were selling bitcoin sub
18k because they were fear of missing out looking at oh look at apple starting to rip off the
bottom look at look at tesla look at nvidia look at etc etc so it just reminds me so much of this
of right now where here's bitcoin seems like it's range bound uh-oh it's flirting with 40k
meanwhile all your broader market equities and your uh large go-to stocks have nothing but
strength sit i mean honestly sit tight truly even you can't buy 41k or 42k but you already
have a bag well sit on your hands and don't do something stupid with it because we're literally
at the bottom below of this of this range and no one knows when the selling from grayscale stops
but when it stops i i'm sure bitcoin is going to catch up with a quickness with the broader markets
well i'm in the camp man that i think barry's probably going to sell before the having so
um not really expecting well it's not but it's not barry it's you know how it is it's it's it's all
the it's all barry doesn't have 26 billion to his name it's all the it's all the various
family offices and hedge funds and retail and investors that own that once they're done jumping
ship and have moved on to whichever etf they prefer or maybe just sell completely but once
they're done then it is done sappy what's going on brother what did you buy man oh i'm enjoying this a
lot well i know bro you you were uh you were doing spaces well for hours my stock market
shit was all mooning so that's good news so what i was thinking of doing perhaps is
um it's like i might get out of the like sell all my stocks i bought over the last two years
and if i get lucky um btc takes a little bit of a dive and um i can just scoop it up right
there in my brokerage fund on the etf um so like you have fbtc right there with fidelity
so you know i don't know i'm not so sure how long i'm gonna ride like the stocks i have but i
do have a plan and that is like if i leave my stocks alone they're probably going to keep going up
because a lot of this stuff i have i bought like the bottom of the market so they're doing well
um i've got the dividends you know pouring out of those as well so i can spend that if i'd like
to um or like if we get a really nice deep dip for some reason let's say you get to the 200 day
moving average of btc like 33k or something like that you know then i have a plan because i have
like a stash of assets that are in the green that i can sell for something in the red which is my
favorite thing to do so that's really really cool um and then the other thing is like i took
a gigantic position in chainlink um is the other thing i did last few days and um it's become like
i don't know like 70% of my trading portfolio now because i think the stuff that is being built
there um is sort of just so far beyond blockchain things that as far as like a computing platform is
concerned it's very very impressive stuff so i've kind of like dug into it i bought a lot as you
know like chainlink over the last two years like maybe a year and a half ago after the ftx crash
so i had a like cost base on that thing of like seven bucks or eight bucks or something but now
my cost basis jumped to like 12 so i kind of i kind of like not fun mode in but you know
like with more research and with some of the stuff that's coming out now especially if they're
able to incorporate with um um dtcc the clearinghouse and if they incorporate with some of the swift
experiments of stuff these things won't materialize for three four years but um they also i don't
know if you noticed but they incorporated their cross-chain messaging platform between
arbitrum optimism and gmx and polygon and so like there's a bunch of like ccip things happening and
you can do cross-chain fts with ccip too i didn't realize that and then on top of that they added
the ability to do um usdc circle protocol was incorporated with ccip too so what does this
all mean it means simply that like let's say you're any new blockchain your any new project
and you want to be able to bring in usdc into your ecosystem well boom you know click of a
button you add ccp to your ecosystem and next thing you know all the things that are connected
to ccip with chainlink can now be incorporated into your d5 platform so if like the dtcc thing
goes through they're the biggest clearinghouse for stocks on the planet right so like if that
goes through what that implies and uh this is kind of what larry think and um what's his name
jammy diamond we're sort of implying in their comments with tokenization is if this thing
actually happens and ultimately what that means is like stocks and different things you'll be able to
bring in the like native stock in a tokenized form uh confirmed by dtcc and via ccip and you can
bring that into d5 like whatever so it completely changes the game in terms of like on a planet
wide scale so i think like at this point i'm actually vastly more bullish on chainlink
than i'm on ethereum uh and could be a gigantic um system so i think the market and crypto
underpriced this chainlink as did i um because i think most of us don't know what it does
and like now that i'm like huh this thing does like literally everything you can actually connect
it's not a because chainlink is not a blockchain right so it's very interesting
and seffy wouldn't that also imply things with uh with celestia right with data availability
and all that stuff it does yeah and i said this uh in our discord afternoon call where
you know you can't really go on the quote unquote celestia ecosystem and buy like mean coins and
stuff on it because it's not actually like an l1 in that sense right like it's data availability
which means that really really comparison you can make of it is sort of like a floppy disk
right it sounds really like left curve but yeah you have like you have a variety of problems in
crypto one of those of course like where do you put all the data blockchain's on a great place to
store data it's just a weird thing to try to accomplish because you know it's a very
expensive way to store data and slow so there's some things that blockchain's good for and some
things that it's not and data availability is just one of those like problem layers so that's what
celestia is trying to attack and then you have like uh same thing like privacy is not a problem
right like you know you need to have a privacy layer to be able to sell i'm sorry if you want
to buy something at a supermarket and you don't want the guidance guide the supermarket to know
the contents of your wallet and everywhere your money came from or for that matter if you want
to pay employees you have six employees you pay three of them one salary and you pay three of them
something else and everyone knows what everyone's getting paid because they can see these transactions
that's no good so another thing like privacy layers like chain links adding that as well
which is kind of like within the ccip ecosystem you could basically create like um transactions
between various corporations that go through a privacy layer and obfuscate where that
money came from to some extent but at the same time a regulator could go back and say hey
where'd this money come from and they could sort it out so like chain link is kind of like the
play i would let me ask you let me ask you a question dude wouldn't wouldn't eigen layer
going live make the the token itself or chain link basically irrelevant because with eigen layer
right everything on ethereum can easily just deploy on eigen layer because eigen layer uses
data availability modularity crossing compatibility it's basically the ultimate project and i think i
don't know how far did eigen layer get in terms of oracles though because like the one thing
that's battle tested about chain link that is needed to do real world assets is basically
the oracle feeds so i don't know how far is gotten so you'll be able to deploy like your oracle
with an eigen layer and um suram has been working um on eigen layer for almost five years now
right so like celestia it's not really a half baked product that releases 18 months after
it's seed round and then just releases you know a random erc20 token or it launches on
exchanges on your and i would yeah it's not like it's not vaporware and then yeah yeah and product
comes later yeah and yeah and so like i know there's a risk to eigen layer with restaking because
you know i don't want to say too much but like now there are protocols that are trying to speculate
on restaking of restaking so it's like you're kind of you're going into dangerous territory here but
i think just from your basic standpoint eigen layer is one of those projects that is going to make the
market know that at some point right all of these tokens are going to start trading like
meme tokens even tokens that you think are like you know fundamentally sound and all that stuff
with eigen layer you know there's not going to be a need for so many tokens and i think
you know at some point probably the cycle after the next one there's not going to be as many
tokens but i think for at least two more cycles crypto is just going to remain the same right um so
yeah so so long as people think they can float a new project and like raise funds they'll keep
doing it like that could go on forever but like yeah you're saying like how many of them are going
to get big like they have so far that's that's always a maybe but yeah there's definitely a few
projects in the sort of like crypto slash computing space that are looking like um
they legitimately will be world changing applications you know similar to how btc took its sweet time to
kind of become kind of a store of value and kind of you know where to get to its market cap where it
is now um these sort of like um real serious computing solutions um can get quite large and
the total economy for um the planet's transactions which include things like swift and clearing
houses and everything else we're talking on the order of like four to five trillion dollars per day
goes through like swift for example that's like the entire market cap of crypto like you know per day
is how much money moves through these systems so there's a lot of interesting systems that need to
be um sort of improved upon they're really like just old school like you know not even boomer tech
but like almost like uh yeah boomer tech basically long story short like it's real old stuff and
so a lot of things need to be upgraded and improved and i think uh there's definitely some projects
going that route i think like the cool thing about chain link in particular is that it
doesn't matter what chain it is it doesn't matter what financial company you have it doesn't matter
what computing application you do it's useful for almost anything so it's not one of these
things where it's like oh come play on my layer one or whatever you know if you like now like so
many ethereum projects have avalanche projects a lot of projects have actually started incorporating
this ccip um you know i was going through the site today it's like i think over a thousand
or something on there so far um some of the more notable ones would be things like abe and um
you know whatnot for like synthetics for example you're aware of that one for stocks and things
so like just price oracle feeds combined with a sort of like bridging layer essentially eliminates
like less trusted bridges essentially and creates like a much more interesting ecosystem not that
dissimilar from cosmos ibc but uh in some ways but more robust in the sense that it's like
um substantially more scalable and has a um what's the right way to say this like it's it's
with the existence of the oracle systems baked into it it's substantially more powerful than simply
a cross-chain protocol like the i think surjay ended up being right about this sort of oracle
thesis that it is one of the like big sort of like software achievements of our time and um
like i i truly think like as retarded as it sounds like you know how the linked marine crowd
is always like oh link to a thousand whatever it's actually possible looking at what i've seen
like being built now it's actually possible for it to become the biggest um blockchain
project next to uh after bitcoin but it has nothing to do with like layer one blockchains it's
not yeah it's not it's like marginally a crypto project even it's like somewhat of a crypto
project yeah for for for the token itself that that that would be different than the actual
fundamentals right because i i think as with most of uh crypto participants man
they only go for things that have um you know attention under time right and that's why like
you know you have a lot yeah that's why you have a lot more money going into things like solana versus
ethereum right like over the last couple of months it's gone from oh you know just wait just wait
just wait until eth beta starts catching a bid solana's gonna fall off a cliff
oh just you wait solana's gonna like you know have some malfunction and over the last like six
months there's actually been um two layer twos on eth that have shut down and there was one
block explorer um on an ethl2 that actually went down and people had to panic about that
where there isn't soul man things on soul have been chilling man for over a year right after ftx
solana had zero issues um and i think that's just the nature of the beast man you know but
i think with chainlink i think the biggest struggle that chainlink has had um for three
and a half years right people don't know what it is like the taste they don't know that's the
basic bottom line yeah yeah so um i actually think and this is some dubious speculation that
i've had over a while but i haven't really like talked about it at length i actually think things
like cbdc's right the implementation of them i think that might actually kick us over 100 000
on bitcoin right because i think btc is gonna is gonna break all time high simply because
the monetary regime of tightening is already at an end and i think in q2 we're gonna start
going into uh easier policy so rate cuts qe all that stuff i think that's going to be happening
right after this election no matter who wins i think qe is going to happen sometime in 2025
um you know despite any geopolitical tensions that happen yeah there's there's actually i just
there's like i think like 40 or 50 um cbdc projects in deployment or in development i think
half of those are yeah deployed experimental phases yeah and then yeah i think i think once those
go live i think people are gonna um be like oh man so what do i do with these remaining dollars i
don't want them to be turned into a cbdc you know let me just go ahead and robin go on robinhood
and buy all these people worried about like vaccines and shit like yeah like the least bigger
problem cbdcs are a much bigger problem yeah and and i think i think i think robinhood
and coinbase are going to be uh this bull market it's like now that the spx and nasdaq and dow jones
have all closed like i can't remember outside of like the peak right but i'm talking like
you know the start of you know the actual bull run right um where you go into an expansionary phase
the last time we had the dow jones spx and nasdaq all closed at all-time highs where crypto
wasn't near all-time highs was in the summer of 2020 right a few months after the covid crush
and then we basically went up only after that man right we we know actually to be more precise
when the indices broke all-time high yeah the general equity markets favor um like it's a
win behind the sales of crypto at this point i think it's true yeah yeah yeah but when the
indices broke all-time high crypto had like a few more weeks um of push to conclude dfi summer
and then going to the election we were a bit choppy and then eventually broke out of uh
broke out of our high at 13 14k and then made all-time highs so if we were to compare where we
are right now to i would say maybe a dfi summer right and maybe q4 was you know reminiscent of
dfi summer you could have thrown a dot at anything man from late october all the way to
late december like if you didn't make any money i don't know what you did to be frank unless you've
clicked the leverage bar there's a lot of people on spaces and shit like really really depressed
about like you know how the market's going to zero and banks are going to whatever so like
so there's a lot of people that didn't uh didn't didn't click the green button on any asset
because they were just upset about everything for whatever reason yeah i did the opposite of
that but yeah it happens during periods of chop right like if you looked at the way 2023 weren't
right for the majors most of the upside price action happened in q1 and q4 you could have sold
everything at the end of q1 for majors come back at the start of q4 just bought everything
and then be a happy man right because what happened from q2 onwards to q3 was basically a
distribution game right you had the only things that really rallied were meme coins um and like
the gamble stuff with rollbit unibot stuff like that um but outside of that dude like nothing
really went too crazy right i know um there's just one token that i got in late q3 called prime
that that was doing pretty well q3 but for the most part it was only a select few names
um that made somewhat of a decent move but really like the tide that lifts all boats
where you know people can look at these percentage gains and be like yep
only only uh only possible in crypto was in q4 right like avax even freaking avax man and
things like near went up like crazy some of these newer chickers of course outperformed but
um yeah i i can see where you're getting it man um a lot of yeah i mean i scanned the market the
last few days i'm like um you know what am i gonna do next like stocks are up and what am i gonna go
buy those green candles probably not you know so i'd look at a bunch of banking shit that i had
i bought a bunch of the mid-sized banks like you know uh forget the names um truest and
whatever else like i bought a whole bunch of like i just literally clicked buttons in every mid-sized
bank that was like in stock distress essentially and um all those are up like 40 percent or more
and i'm like hmm this these look kind of like they're creeping me out i'm like wait i'm like
are they gonna you know maybe lose all my gains and i'm like maybe i'll swap these to btc right
there in my uh thing or maybe like and i was looking for other stuff and i'm like hmm of
all of the things in the crypto space right now that are like undervalued relative to
sort of like even 2020 or undervalued relative to like market you know like their fundamentals and
some other things i'm like huh like everything went crazy but meme coins went up and
like all these layer one salona went berserk for some reason um but i'm like hey wait a minute
like of all of these things the safest play in the entire like um you know non-eth non bitcoin
sort of space is sort of chain link because it's not going to zero and i'm like huh it's just way
overvalued still i'm just going to get a bunch of that like that was pretty much my plan for this
week and that's pretty much what i did it's about it um but yeah other than that like i don't think
there's a lot of um you know people should be like allocated to whatever they're going to be
allocated to i think at this point as far as crypto is concerned um maybe like btc takes a
dive a little bit maybe but you know the reality is i'm with matt here i like it goes down it's
going to come back up like it's just not it's just a holding a beach ball underwater kind of thing
it's like and that's kind of inevitable especially with like all this etf exposure i mean the reality
is whatever um swap outs at the grayscale you know uh you know bitcoin trust uh owners like
people that own that you know the the stock in their stock trading account which i've used
before by the way i've like made some money trading that in the past but like people that
are done with whatever selling they're doing a lot of those people like matt said are probably just
going to buy the etf version of the thing somewhere maybe they don't like grayscale anymore and
they're like screw this i'm going to another brand after the shenanigans over there and so
it's possible that like i think a lot of those people just shift um and you know how much of
that is really reflective of the current price action who the hell knows really because like
a lot of the pump was kind of like hey ecf's coming and everyone kind of like pre-pumped the
thing to some extent so you know some of that's leverage that need to be like liquidated and
whatever else so like you know you know how it is with btc there's always some fraction
that's just leverage nonsense that needs to be kind of like rinsed and i think that's
what happened and you know like from here on any here and anywhere further down i think is like
you just scale in and enjoy like enjoy the ride i mean just figure figure all the
entities that were buying gbtc when it was selling at like negative 40 discount to nav
just keep it in mind all those people who are like great now it's time to realize
those gains over bitcoin and then we'll swap into an etf that doesn't charge me an arm and a leg
just to manage manage my money like there it all has to sort itself out just give it a little time
but i mean you take a step back from bitcoin and there's nothing to be scared about in the
rest of the broader market um everything else is nothing but strength on strength and um i mean
unless you literally think the hoothy rebels are going to start an invasion of all the middle
east that i really don't want to macro larp and and tell you that's going to be the cause of anything
either so um but i see we have tucker up here tucker like you want to talk a little hut
that's got to be the biggest news this week in miners hut eight oh my goodness well what
happened matt so tucker went back to speaker but if tucker you're available feel free to come back
up man what happened uh it's a hut matt i know these miners bro year to date they're
they're down over like 30 percent and which is brutal if we're talking dry fire well a short
sell report came out on on hut eight and i mean some of it some of it is a little hyperbolic
of course they're talking their book of course they want to make the stock price go down i'm sure
they've got they're loaded up on puts on it but uh a lot of the points they were making in the
short seller report was was things that i've been bringing up that scares me out of hut and
you know i keep telling anyone who would listen over and over that quite frankly i think hut is
below average compared to the competition um they're talking a lot about how this merge it with us BTC
um uh it looks pretty bad on its face because apparently us BTC is coming with a lot of debt
yes they have a lot of uh a6 and hash hash rate but uh a lot of those miners are older
are older generation and uh hut also has a lot of older generation machines and so yes you're
they they um are at an they're at an all-time high for exa hash but it's but that wasn't free
they also get all of that debt that us BTC was saddled with not to mention um now those um
private equity holders get to finally dump and realize their profit and get out of their shares
so uh long story short hut huts had the worst week compared to bitcoin miners i think they've
lost a third of their value in one week alone death and negative 50 from their from the holidays
is terrible so like in a month they've lost half their value in a week they've lost a third of
their value and no one's really sure if that's the bottom who's to say uh where that is
what's a rational market cap for hut like i don't even know what this company's worth
what assets they have whatever right like that's the problem i like i don't um because they're
i think they're i think they're still go ahead sorry i was gonna say it's listed as a 614
million market cap um yeah but look at the price of book they don't have a p2e ratio necessarily
yeah you yeah all of these all of these miners forget their p2e p2e ratio none of them none
they're all in hyper growth mode none of them are trying to show a profit none of them are trying
to show earnings quarter after quarter they're trying to grow as fast as possible as big as
possible so but look at their price to book versus their competition that's what tells me
that even right here right now hut is over by overvalued by 2x compared to its competition
all things being equal even if you even if you say okay huts do you think it's a more
here don't it's not time to pull the trigger maybe i would never pull the trigger on hut period because
in my personal opinion there are below average bitcoin miner but yes if i had to bet i still
think they're overvalued by by 2x compared to their competition yes what are your favorites
in terms of uh miner stocks at this point like yes minor um i think sure sure i think
clean spark is up there right right at the top uh followed closely by riot i um yes riot is growing
slower but they've got a massive hodl and they have low to no debt um marathons up there as well
but marathon unfortunately has a bit more debt and a little less control over their uh over their
sites because they use a hosting model rather than owning their own infrastructure they're
they're trying to change their business model a little to own more of their infrastructure and
not rely on third parties so much but it is a difference and and that's the thing with all
these with all these bitcoin miners like this is this is absolutely hard mode it is so much easier
just to buy bitcoin because like one of these companies might absolutely rip and then the other
one of these like hut they're putting in new 52 week lows they're they're priced like back in the
fdx crash right now yeah i noticed that like i i have a little bit of riot i just got a like a
bookmark share sort of to watch its price and it like i think it was up like 40 percent at some
point not too long ago and now it's like backed under the price i bought it so for whatever
reason like um whoever's speculating on these stocks is clearly like bearish on them but
these things are pretty much a leverage play on btc anyway so it's like whatever btc does these
things do much higher multiples to the upside but on the other hand they do serious multiples to
the downsides as well absolutely yeah that goes both it goes both ways 100 and i'm a and honestly
these things they're in my opinion they're only short and medium term trades uh if you hold this
cycle over cycle i i expect bitcoin to outperform all of these um quite frankly if you pull up a five
year chart and put the miners that are over five years old from right from right today
a five-year chart um you would be buying the bottom of the bitcoin 2018 bear market
yet none of these miners have outperformed bitcoin over five years marathon riot hut
except hive etc they're destined to eventually underperform bitcoin
well guys i think uh i think i think this uh is a pretty solid place to wrap up man so
want to thank everybody and also want to give an announcement guys i put something up on the nest
in regards to our in-house product bb terminal if you guys want access to a terminal that provides
portfolio tracking derivatives data heat maps order book data on chain wallet tracking higher
time frame macro indicators back testing crypto aggregated training and order routing custom
orders feel free to follow bb terminal mainnet sometime in q2 if you guys want early beta
access to our in-house trading terminal feel free to check out uh the pin up above here on the
space of the jumbotron or the nest however you want to call it so if this is your first time
tuning in we're because bitcoin a crypto financial media company and we produce live
streamed content for you guys here on x monday through friday at 420 or 430 p.m eastern time
i'm your host king wavy and we also host a youtube show called market check hosted at 11 a.m
eastern time monday through friday it's more of a technical analysis show uh today's market check
was actually very very entertaining towards the end uh the guys who turned on uh the agger and
we witnessed a dump and called the bottom in real time so that's always fun guys so if you guys
enjoyed what you've been listening to feel free to follow that giant yellow square and uh may the
candles be in your favor this weekend uh today was a great show thank you matt seffy tucker and
the other two individuals i can't remember their name oh yeah lifestyle and cool crypto for coming
up and contributing to today's uh spaces uh as always a space is recorded and you can check out
all of our other recordings under our highlights tab man and um yeah happy all-time high uh for
those of you uh who do the equities happy all-time high day um it's been uh you know
you know quite the entertaining 24 months and i think um we're gonna have another entertaining 24
months uh for the bulls um so i'm gonna go ahead and train now guys i'm gonna have a protein shake
um maybe a cookie or something too uh or some carbohydrates or something maybe a rice cake
instead of a cookie i think that's a lot better um and i'm gonna go train back so thanks guys
take care god bless you and i'll see you on the next one take care bye
I'll see you in the next video.