Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Memes And Dreams 132 ⛅️ The New Meme Meta!
Recorded: June 20, 2025 Duration: 1:12:18Space Recording
Short Summary
The crypto market is currently facing significant challenges, with altcoins struggling and Bitcoin's dominance increasing. Discussions around the potential for stablecoins to become legal tender and the anticipated resurgence of DeFi highlight emerging trends, while the launch of new platforms like DC64 aims to innovate within the meme coin space.
Full Transcription
Thank you. Thank you. Thank you. you
mic check mic check can you guys hear me yeah i can hear you hello hello everybody can you hear me also i can hear you both by the way
yeah i can hear you yeah i can all right how is everybody doing today not a great for crypto
markets unfortunately we have uh the entire week has been like uh pretty challenging to be honest
and uh today is just uh the pre-weekend dump it seems uh does it doesn't it usually happen around 3 30 p.m est like after
our spaces or like the the pre-weekend dump yeah it came early but also you know geopolitical uh
some uh factors that are contributing, I guess.
I don't see any actual news for this dump, though, yet.
I don't see a reason.
Apart from the BBC, the British Embassy
calling off their people away from Tehran,
off their people away from Tehran, which doesn't bode well for the close, you know,
whatever happens next.
Because European leaders were talking with some Iranian representatives earlier,
and then this news came during the talks.
So I guess people thought something had transpired
that it's not going to go end well,
at least not in the short term.
I don't know.
Yeah, I think the dump is geopolitical.
I'm already in profit, and i opened up longs
and i'm in 230 percent plus on 100x for a lot of my positions and they're already starting to recover
100x dang man yeah man uh there's there's i only trade on the highest well nothing over 100 but
yeah if you just use
less amounts and
you have more
money to play with if you look at it that way
you just need good risk
management and you need to know
you need to know where to hit
those like where
the pain points are where other people are going to capitulate what's that trying to buy in at
those levels you know what's the highest leverage you've seen now i haven't even checked recently
like 200 or something i think mxc now opened it up to 200 that's crazy man i. I tried it. And I'm like, no.
100 is fine for me.
I mean, I think Bitcoin is doing well regardless, right?
Like, what?
We're still at 103?
Not bad.
Not bad that the world might go into world war three not
bad yeah yeah but the dominance keeps going up man altcoins are really struggling in this market
like you know people were hoping for an altcoin market uh altcoin bull run eventually uh eventually it's just not coming Bitcoin goes up altcoins go down Bitcoin goes
down altcoins go even further down and it's just tiring I think a lot of
people are just exhausted with this market and I can feel it that, uh, I mean, I can see it on a lot of trading platforms.
Even volume is always dwindling down.
Not, uh, not a lot of interest in, in speculation.
So, uh, yeah, it's, it's been a trying, uh, few months since April, I think,
especially since the tariff wars announcement, announcement but yeah altcoins are just not picking
up the the base it's uh it's incredibly difficult for for people that have invested in anything else
than bitcoin or monero for for those who uh believe in privacy but yeah like 99 of the market is uh is tanking while uh bitcoin is still
you know trading sideways or or struggling at currently at the 102k mark yeah all the all the
charts i'm looking at like when it comes to alts versus bitcoin and just alts in general, as well as Ethereum, like everything's at like the bottom of bottoms.
Like it just like there, there has not been a breakout this entire cycle.
Like there was a short relieved bounce we got last, last year in March,
I think.
But that you could just consider like a dead cat bounce, I guess.
And everything is just still ranging.
Like I just posted on a post from Lark Davis in the Jumbotron here,
and it shows like just on the weekly,
it's for six weeks straight Ethereum has been in a 2% range.
And same with Bitcoin.
So like people are just, I think, just things are being controlled and suppressed in a range or level and contained until, you know, market picks a direction and whatever macro things, uncertainty clears itself, I think.
uncertainty clears itself, I think.
Well, you know, if the U.S. does, you know,
actually deploy into Iran,
there's going to be so much money printed.
I mean, you know, obviously not a good thing,
but that's usually the effect of war,
is printers go in burr.
And I think a lot of central banks around the world,
they're already at zero rates.
United States is the only one who's holding the rates.
So I think it's a matter of time until something gives.
I mean, there's an issue with optics as well compared to other bull markets.
When you compare this cycle to previous ones, altcoins should have at least you know rallied somewhat and started
performing but at as soon as that was supposed to happen like time wise or uh compared to how the
market was uh was was acting at that point we had the the the tariff war and everything just went berserk and
thanked, uh, and, uh, you know, Trump also lost a lot of people were in crypto
hope for Trump to, to be the crypto president and, uh, bring a lot of, uh,
and bring a lot of new faces
and new capital into the industry.
And while we saw that the SEC, for example,
and regulations have been,
there has been much more leniency towards crypto
in that regard.
On the other hand, we have the total scams with trump coin with melania coin
with all the debacles that happened with those teams that created those coins as well
uh so instead of like a crypto president we got a crypto grifter which is uh nobody likes uh you know in the in this space that uh that narrative we had the
extraction of liquidity through pump fund and on solana which has quite slowly died off a little
bit i mean still like thousands of coins are created but there's a lot less volume and a lot less
capital going into that but you know the the crypto casino that was the the pump fund thing
just you know drained liquidity from from new entrants in the market but instead of those
entrants being actual investors in and believers in crypto. They just became, you know, gamblers, just got destroyed.
Like the last statistics were something like only 1% of
traders on the pump fund made more than than a thousand dollars or something like that
uh so yeah and now with the timing uh that's what i was saying regarding the optics the timing was
bad and when the cycle was supposed to uh start off and altcoins start to rally we just tanked
uh, start off and altcoins start to rally.
We just tanked and there hasn't been anything to, to, uh, help them,
you know, pick up and do a bounce or anything like that.
And we're just stuck in this, uh, well, I'd say a bear market for altcoins.
There's no bull market here.
Maybe Bitcoin has reached new heights.
Like what was it like two, two weeks ago or something like that.
But old coins are struggling.
Neemes are struggling as well.
Everything is tanking.
Everything is going down.
Uh, we really need, uh, uh, a bit of, uh, uh, you know, momentum to get, to get picked
up here so we're going to see see the market flourishing again but it does
it does really things can shift really quickly it's crypto you know momentum shifts and sentiment
shifts as well really quickly as as as long as there's something uh new and exciting that happens in the space, we can see that reversal of the trend pretty quickly.
But what would be such an event that could help?
I could not know.
Because considering the geopolitical environment currently and the landscape that we're seeing not a lot of good
news out there that uh and not no potential good news either you know there's there are some
impasses uh you know gridlocks that have been reached that cannot be reversed just by saying tariffs, no tariffs, tariffs, no tariffs, like we did
the sideways trend, no tariffs, we go up, tariffs, we go down.
Even
we go to war, we don't go to war.
So a bit more complicated than that.
Well, hey,
what was that, I'm late on the train, but
what was that genius bill, whatever
Trump proposed? You guys know
what was in that?
Isn't that the bill?
Yeah, go on.
Yeah, the stablecoin bill.
Yeah, does that, I mean, he's making claims about trillions hitting the Bitcoin market,
and I was just wondering if that had any validity or just kind of hot smoke, hot steam.
We haven't seen any, like, direct impact on it, I don't think yet.
But, like, all these things take time like even when
something's announced if uh market reacts to it that's just people trying to front run it
the market doesn't really see these things being like activated utilized or adopted in mass until
many months later because it takes time to work its way through the system like all of the
family offices and institutions they now need to have like their own internal
approval systems and and guardrails and and programs up before they can start utilizing
these things and that takes time that's the way I see it.
Do you know what they claimed?
Like a little rundown of what they claimed at the bill?
I didn't read it in detail, to be honest with you.
I really didn't.
I just, you know, like off the top of my head, just kind of, it's a stablecoin bill,
which is going to make stablecoins a legal tender and be used for financial transactions, especially in the crypto space.
And that's going to be a huge thing for the U.S. as well, because a lot of the stablecoins are backed by treasuries and bonds, which then in turn creates more demand for the U.S. dollar.
So that that'll strengthen it even more.
And yeah, this is probably going to be like the saving grace
if it wasn't for stable coins and crypto and having a crypto president in place.
I think that like honestly, you know, there's a high chance of like,
and especially if wars break out in the Middle East, that the U.S. dollar ceases to really be a World Reserve asset. The Saudis accepted currency from other countries and other denominations.
The U.S. dollar no longer became really a petrodollar, so they lose that strength.
And the only other strength to lose from it is being the world reserve currency, right?
So the stablecoin thing is huge.
I think it's going to be the saving grace for America.
And yeah, that's what I think about it.
But I still think that there's going to be positives and negatives to it as well, right?
Now that it's being regulated, obviously it's going to be scrutinized more.
They're probably going to track and trace everything.
There could be limits and controls.
There could be abilities for them to pass future and further laws that limit or prohibit the use of stable coins for individuals
or for certain types of transactions, etc.
So I don't think that it's going to be kind of like the decentralization
that the space necessarily needs.
But at the same time, we don't really need it
because the most decentralized assets and things are the proof of work assets
like Bitcoin, Litecoin, Dogecoin, et cetera, right?
And that's something they really can't control for the most part yet.
And the way you think about it, stablecoins become a legal tender.
That's actually super inflationary because it's essentially increasing the base of money.
We like to think that all of the stablecoins are backed, but that's not freaking true.
And even if it's going to be regulated, sometimes regulated products are even more sus because it relies on a single point, like an auditing party, right?
So we could have a situation where the base money increases multiples without printing even happening.
I mean, a lot of people talk about Tether not being backed.
USDC is supposed to be the most legit,
but, you know, who knows?
We don't even know, right?
So we could see like an infinite money.
Like that fund has kind of dwindled away
for USDT
because they started like providing
quarterly, I think uh reserves
and uh they are actually providing some some uh some data on on how it's backed and what backs
usd but here's here's the thing like i i would argue too, though, is that stable coins are a safer bet, even though they're based on the U.S. dollar than the U.S. dollar themselves.
Because, I don't know, I just see it as a big fugazi anyway, because really, when you think about it, what is the U.S. dollar backed by other than confidence in the current administration and presidency.
That's it, because it's no longer backed by oil.
And if it loses its reserve status of the world, then, you know, what strength does it really have?
So it's, and furthermore, there's still no definitive answer on what if any gold is actually in Fort Knox.
They've yet to do an actual audit.
We've already seen reports of Germany and other countries.
They've been removing their gold reserves over the years, slowly by slowly.
And just recently, Germany took back a huge supply.
And we don't know what they do in the middle of the night.
I wouldn't be so surprised if there was no gold there to begin with and uh the current administration
was also talking about using some kind of like ticketing based system of some sort that represents
the gold bars that they apparently have and that how they can liquidate or or or sell those and they're planning on doing
that in order to accumulate more bitcoin but you know the the real trick here i think is is that
it doesn't exist to begin with and so they're just trading paper that's it they're just paper ious of
things that that don't physically exist aren't? They probably sold them off a very long time ago in order to pay off. There was like a quick rile up, like Trump said,
yeah, let's go into Fort Knox and see what's actually there.
And that didn't go anywhere because I think that people told him,
don't do this.
Exactly.
You cannot do this because if you do that, we're done for.
Yeah, then everyone is fucked because then everybody will sell everything that they have and lose confidence in all the dollars around all of the world and just buy Bitcoin.
And then it's just Bitcoin becomes literally a black fucking whole vacuum that sucks up every other currency in the world.
And that's likely what it's going to happen anyways because eventually yeah yeah that's every fiat dies
eventually yeah because it's the only asset that's programmably verified to have a fixed
and finite supply and there's nothing else like that on the planet Earth or even in space, for that matter, because they're still yet to be discovered, right?
So this is the only surety that people have, really,
when it comes to any type of asset having a fixed and finite supply.
Yeah, and to take it even further,
at a point the rate of inflation will get so extreme,
it doesn't really matter what you buy.
Obviously, some assets are better than others, but you could buy freaking scrap metal.
You could buy freaking trash, and the metal value will go up.
I was looking at prices of Pokemon cards, and I used to collect them, right?
I have some still.
But even crappy cards like Pidgey and shit.
It's $30 a card.
$30 for one card. A pack used to cost what two dollars 50 cents so like it's just gonna get more and more crazy over time yeah because these
are you know limited supply assets somewhat and uh but yeah that's that's the whole point of crypto eventually and uh yeah the the
point of the dollar like losing its its its strength is the in the short term is is definitely
not good but for people that are in crypto and and uh invested in bitcoin and even altcoins even
when you see altcoins currently are not doing well,
it doesn't matter. There still are. Most of them have a finite supply and much less than
the trillions of dollars that are circulating currently. And we've seen it in history, you know, and history repeats itself.
Not a single reserve currency has survived.
You know, empires fall eventually, and so does the currency that they promote.
So Bitcoin remains the, the, the maybe safe Haven currently.
That's why it's still hanging on to that 100 K that's why it's still, uh,
grabbing more and more, uh, dominance compared to the rest of the,
the crypto market, because, uh, it's widespread. Everybody knows about it And, uh, it's finite. It's almost all
of the supply is already in circulation. And, uh, there's a, like what, 15% of it.
That's never going to be recovered. It's lost forever, which even increases its its scarcity even more and um yeah but yeah back to memes what do you guys think
would be uh the next meme meta we saw like dogs we saw like shit coins political coins
uh we saw community back coins we saw the pump fund stuff uh is there actually a pump fund meme
coin that that has like succeeded into becoming like a top let's say 100 or at least uh into the
uh remain into the i don't know half a billion dollars market cap? I don't think so. I think Peanuts though is
surprisingly.
No, there's a whole bunch though. There should be
a whole bunch.
No, I'm not sure if Brett was
born from PumpFun.
No, that's base.
Yeah.
Bonk was on PumpFun, right?
Bonk? Bonk, but that
wasn't on PumpFun. It? Bonk? Bonk, but that wasn't on PumpFun.
It was like a coin that was launched, like a community coin.
Yeah.
No, I can't think of one, but I'm not like a pro at PumpFun.
But Brett, yeah, that wasn't PumpFun either.
Hard to tell, but I've always had a thought like you know is it worth pick like going
and putting a couple dollars in coins and just scooping up these pump on coins you know it's
going to come back eventually you know the hysteria yeah the cycles continue of course uh
Uh, eventually everything will go up.
Some will not recover their all time highs, but it will be definitely better
than, uh, than the bottoming prices that we're seeing now.
I mean, high performing chains.
We see like Solana, we see like Sui that are like, uh,
we see like suey that are like uh making the next narrative for for defy etc doing really really
badly currently uh everything is like uh struggling but eventually all of this uh is
just going to disappear from uh from the narrative, uh, everything goes up eventually back the narrative, the, the, the momentum gets picked up and, uh, you know, the capital starts falling in interesting stuff that is going to, uh, to, to happen definitely in the next, uh, I don't't know maybe not in the next three months but
before the end of the year we should see some uh some some good price action i believe
well what do you guys think is this an opportunity to look for active meme coin projects to see who's
like still around because usually lower prices kind of flushes out the the fakers from the real ones
in my opinion yeah man this is a good i guess opportunity to buy or look at things that are
extremely undervalued and down and um you know there's the way i see it is there's more upside
than downside if you're buying closer to a low when everything's
dead and people are gone uh to me it's like I have reduced risk then right it's no different than um
like for a lot of these uh shitters on uh pump fun and stuff right uh I don't personally engage in
them I did a little bit of sniping in the very beginning, early stages,
and that's what worked for me the most.
I should have continued with it,
and I'm probably going to pick that back up again
because there's just too much risk, right?
If you're not in on the ground floor,
then the risk-to-reward ratio is not really in your favor if things have already ran.
And like you said, like now's a good time where the market just naturally weeds out what's strong
and what's weak. Things that are completely dead, um you'll see it and then if you see uh strong
communities like i would say you know om nom on doge chains super strong like the market cap is
is not what it used to be but it's it's holding up incredibly well it's even like looking at the
chart performance compared to doge i haven't looked at it today uh given this recent dump but
just a day or two ago it was uh it looked like a cleaner and and and more um stronger chart than
doge uh so we're still tracking doge's movements but they were cleaner movements and the volatility
was much higher the the the gains were were much higher and it looked like hominom was
actually front running doge so like when i see that on charts and then i look at communities
that are still diamond handing it and they don't sorry for swearing or whatever but like literally
don't give a fuck and they know what what's worth what and uh they just they just hold on to their
bags because they know that you know whatever uh part of the market we're
going through right now is it's not the right time to sell right right you'd be selling at a loss
especially if you know you're holding quality so it's better to just just hold what you have
yeah and the way i see it is like you know i don't mess the leverage but you don't really
need to in crypto if you know where to invest like if you like doge and you want higher gains than doge this coins like doge chain and and om
nom that get higher beater percentages gains obviously losses too but that way you remove
the possibility of liquidation yeah or or if i'm playing with high leverage and when i'm trading um i'm basically just uh
using that as opportunity to dca into max pain either to the upside or downside so i know
if like i just strictly now just trade strictly off of the rSI if something's either overbought or oversold.
And it's just DCA in those regions.
And if it ends up going into a higher timeframe, then I will look to DCA either a long or short
on the next timeframe.
And I'll continue to do it through each timeframe until I'm in profit.
And then so that's basically my strategy when trading with leverage.
But yeah, that can also go against you
because if you get like a really bad day,
like even worse dip than what we saw today,
and it's happened plenty of times in the past,
and you have too many positions open
and you're just not managing risk
and you're getting too greedy because greed goes in both ways
Both directions then that's usually where the like the liquidations occur
Yeah, the issue here is that you never know when the bottom is actually in
Uh, that people thought the bottom was actually in like, uh, a month ago and now they're like
That people thought the bottom was actually in like
60% down on a lot of, on a lot of stuff that they purchased.
Uh, so it's, uh, since it's been so difficult to, to time anything with everything on the
macro level happening, it's, it, it has been really tiring for a lot of people in the, in, in the
community to, uh, to hold, uh, deep and you know, they showed some money just.
Do not see their, their investment go from $1,000 to 50.
Because that's how has happened a lot, especially in meme coins.
Uh, if you bought the top, most of them, uh, like in, in, what was it like March,
April last year, if you bought like, uh, even half way to the top there, uh, you're
now like 80% down from that, from that point.
80% down from that, from that point.
Uh, but yeah, the thing is that eventually it does pick up and eventually everything
will, uh, will line up, uh, the stars line up as they say, and, uh, things go, we'll,
we'll start, start looking better.
Now, when that is going to happen, nobody knows,
because as soon as something good starts to happen
in this market, we get some stupid macro news
that just reverses the sentiment completely.
Hopefully, you know, they learn to shut up a little bit, at least when coins are rallying.
It's frustrating because we've had literally like the most bullish news and the most bullish catalysts all lining up that we've been
waiting for for years like even just getting rid of gensler and then uh getting a crypto pro
president in getting laws passed regulation like these are all the things that we've been looking
for institutions are invested heavily and the market is still responding the way it is it's so freaking and like you were saying
it's not even responding as it did previous cycles like as as well as it did despite all the bullish
oh if if if for example we had like uh uh the the this bill the genius bill about stable coins like uh five years ago uh during the last
bull market we would bitcoin would have reached like 250k easy if we had like uh all of these
institutions openly saying that they are jumping into bitcoin and, uh, um, you know, getting to see this adoption just spread around.
This would, uh, I don't know.
I think that previously we would have seen a lot more price action.
Now just people are just tired. Uh, there's too much uncertainty.
You see something good and five bad things that follow. Uh, there's too much uncertainty. You see something good and five bad things that follow.
Uh, and, uh, let's not kid ourselves, but inflation is burning a whole, uh, everybody's, uh,
um, bank accounts and burning everybody's portfolios, uh, at a speed that hasn't been seen since the 70s, maybe.
So that's also a factor where people don't have any free running money to start buying or investing into crypto.
And what's even sadder than that is that crypto is the meme coins, Bitcoin, whatever, is the best gateway for investments currently.
Because real estate is out of reach of like 90% of the population.
of reach of like 90% of the population.
For younger people, Gen Z, even millennials, they're struggling to buy houses.
They're struggling to, especially, you know, as an investment vehicle, they're struggling
to buy a house or an apartment to live in, let alone as an investment vehicle to, uh,
to hold on to.
So, you know, bonds, stocks, all all of these they have a lot of red tape
and uh it's uh it's not as as easily accessible as as crypto and yet we don't see the the investments
coming in because people don't have money unfortunately people are struggling uh they're
struggling to pay their bills they're struggling to pay their taxes i know it's difficult to uh
to figure out this because you know when you see crypto twitter and people are like flashing 500k
portfolios and uh 2000 percent gains in a couple of days.
But consider that most of these are like fake.
And a lot of them, they skew your vision
of the actual population on what people are capable of
and what they are actually owning as capital.
Yeah, I just, like, yeah, no, I totally agree with that.
But I also feel like there's just, it always feels like a coincidence and you can only have too many coincidences before it becomes a pattern.
And it feels like this market is like totally manipulated in one way or another, you know what I mean?
Well, I mean, it has always been like the thing that people say, like is always manipulated bitcoin is manipulated why did it dump today there was no reason why did it bump today there
was no reason but that has been like uh since since the beginning of crypto i don't know
yeah and traditional markets are as well i mean there's there's like to be real and honest about
it there are large players and people who own and control the majority of these assets being traded.
And they're the ones who get to pick the direction of which way the market is heading that particular day, just by sheer volume that they control and hold.
Right. And those are those are the people who control, you know, the system.
And so it's no different than the traditional system.
It's just that crypto, because it's so young and nascent, and it has, you know, one-tenth
of market cap or whatever it may be, that it's way more volatile.
Well, it is manipulated because the money system is manipulated, right?
Like interest rates are manipulated.
That's what central banks do.
So like, you know, whatever they do kind of has echo effects.
We're starting to see housing kind of turned down in areas, cars somewhat turned down even though they're crazy expensive.
Like everything's manipulated.
The whole thing is manipulated, you know?
You just have to kind of – that's why HODLers kind of have, I like to think, like everything's manipulated. The whole thing is manipulated, you know, you just have to kind of
That's why hodlers kind of having a I like to think like an advantage
because Like while it takes time for the changes in economy to work out
It's going one way, right? Supply of money has never gone down ever ever ever right and that's what you got to remember
Yeah, definitely they're not going to start burning dollars uh and taking them away out of circulation it's not just not going to happen ever you know the the supply for the the for fiat
is infinite and they're going to keep printing eventually eventually until it collapses and
you know you can you can buy like uh
1000 bitcoin and throw him into a dead address irrecoverable and that's actual burning but you
cannot do that with the dollar what what are they going to do print then put it in a bank account i mean yeah how do you remove dollars from circulation it's
just not possible
so when uh when altcoin season you guys think obviously that affects memes, but Ivan, I think later this year, you expect to see at least the upturn.
What do you think, Penny?
I can't see Penny.
I think she's – I don't know if I'm rugging or she is.
Penny, are you there?
You can't hear him either? I can see his... Oh yeah, he went into listener mode, so he's experiencing some issues.
But yeah, my initial prediction, no problem.
My initial predictions when we were talking last year, I was expecting for a dump after January, regardless of who won the presidential or anything like that.
I didn't care about that
that was i i my prediction was like q2 we should see uh a better uh like uh start of a
of a rally of a bull market but apart from bitcoin we didn't see anything like that
or for others we actually saw every everything else has like tanked like 40 50 percent
altcoins so uh yeah usually the summer is not good to get started on on such rallies so i'd say
end of summer maybe end of september or something like that we can start seeing uh stuff moving around and if that doesn't
happen then it completely invalidates the bull run cycle for altcoins at least and then we can uh you
know defer it to another 18 months or something like that down the road which will be a lot of
pain for a lot of people yeah i'm I'm seeing charts, my charts at least,
that I follow like hint at August.
Obviously that's just technical analysis,
but tends to proceed events.
So it'll be interesting to see.
Penny, you still having trouble?
Yeah, I see him connecting.
Yeah, you know, I kind of see it as, you know, like, before things go up, usually everyone is all depressed and stuff.
And I'm starting to obviously see that now.
Just from a psychological standpoint, like, you know, people tend to act the same way over time in these cycles.
So when the rest of when everything seems hopeless, that should be a time when it turns around.
Because FOMO is usually most people not being on the right side of the trade.
So it will be interesting to see what happens with this war situation.
If printing happens,
time will tell.
Yeah, look, Doge is currently
down from
this
cycle's high.
It was like 41 cents
or something like that.
Which currently makes it a great time
actually to get some Doge, put it on Doge chain it was like 41 cents or something like that, which currently makes it a great time actually
to get some Doge, put it on Doge chain
and start playing around with it,
you know, use DeFi for Doge
and get prepped for the next rally.
When you see Bitcoin at 105K, it's a little bit difficult to say that, yeah, what's my upside, you know?
What's my upside?
What?
Where is it going?
Maybe $150K?
Maybe not.
So you're not going to make a huge amount on your investment.
The risk is lesser, but there's still a lot of risk.
It's still crypto.
It's still volatility.
We've seen like last cycle, what was it from 69 to 15K?
That's not a small drop.
Uh, in, uh, so yeah, if you're gutsy, maybe, uh, memes are where you should be
turning, uh, right now, if you actually believe that they're going to pick up
eventually and, and start rallying, it could be a good timing to, uh, to, to
get into the market, start using Doge chain with doge get some utility out
of it while you're well it's still on the cheap and it's not like uh five dollars which is uh
personally my uh prediction for doge after this bull run when it actually starts
prediction for doge after this bull run when it actually starts
that's crazy to hear right because i remember when people said oh doge past one dollar would
be amazing and now we're five times in it it just goes to show you know like it's time in the market
ultimately crypt is gonna be place to be but um yeah risk is is relative right like we saw a
big drop in bitcoin but we also saw a huge drop in stable coins last cycle ust right so do your
due diligence invest where you think uh the value is and hold on i have a thesis that, you know, part of the reason why Pump Fund did so well when it had its massive run was because of the very frustration that we're going through now with the altcoin market and Bitcoin dominance.
And like Pump Fund really gave people that outlet to actually get some price action.
And I think that that is going to make its way back this summer.
If it becomes a boring and dull summer in terms of price action and altcoin market, people want to get their degen in.
action and altcoin market people people want to get their dgen and they're just going to move to
uh to memes and uh to meme coin launchers and stuff so like that's my thesis is that um
when times are boring and dull and dominance is too high with bitcoin people look for other
things to do and they'll look they'll look for the quickest outlet available that gets them that rush that they're looking for.
And right now that's meme coins. In the previous cycle it was NFTs, right? And I hope NFTs come back as well.
I mean, meme coins were their last cycle to a lesser extent.
But yeah, the NFTs were going crazy.
There was a lot of, like, wash trading on NFTs and a lot of, like, money laundering, let's say, that went through NFTs that was like people were taking profits
from the crypto market and then just, you know, showing losses on NFTs and shit like
that.
But yeah, NFTs are kind of picking up.
Considering the market sentiment and everything that's going down,
you know, NFTs are kind of in a better spot than they were like three or four months ago.
But there's still a lot of room to work to get back to 2021 types of volume and hype and interest in NFTs.
Yeah, I think NFTs will do really well when we get new entrants in the market.
entrance in the market because when i uh when i started on chain on doge chain doge chain was my
first chain that uh like taught me defy and everything and my first experience dipping my
toes in was the nft scene so i was on that oasis nft platform and that thing was going nuts man like like we had RDP selling for like 10
10 10 000 doge 40 000 doge I think some even sold for a couple hundred thousand
and then like the volume was just crazy and uh I just um felt more comfortable trading
learning the basics of crypto through an NFT as opposed to a token because an nft was something that was more
visual and almost felt physical to me like it's something that i could hold on to i physically
have it it's not just thin air it's still a piece of art it's still you know what i mean like that
that's that's kind of like how I have that connection, right?
And I think that's a big driving force for adoption in crypto in that newcomers generally gravitate towards the same thing.
And that's why I think NFTs really haven't been doing as well as they should be.
Because if we're just like, there's not a whole lot of like retail or new
entrance in the scene at all it's just people who are already at this point crypto native
and us crypto native folk we have nfts we know what they are we have plenty right um so
that's what i think is is kind of holding back the NFT scene.
I think once new people get into crypto and Web3, I think they're going to take off again big time.
Well, I think DeFi will have a comeback, but I think it's going to be led by institutions.
Because we already start seeing them mess around with POS coins.
Obviously, they want to get yield on their assets.
They're used to getting yield. And then the people investing in their etfs like yield they probably get dividend stocks and stuff like that so they're just going to be like a further push into defi to be like okay
so we have this these assets what else can we do how else can we make money because to be honest
wall street runs on yield that's been the game for like the last couple decades and when that
happens you know,
people are going to start pushing into other DeFi alternatives.
I don't know if you guys are around for the first DeFi summer, but it was dope.
People like to make more money with their money. It's going to happen again.
But I think now the biggest influencers are the institutions,
BlackRock and F and and all that
So once they start getting the okay to use their assets that they already have to make more money for their their board
That's gonna be on the news and people who read the news are gonna start trying to do it for themselves. So
That's what I think
think yeah definitely i don't think uh i don't think we're we're done yet defy has has a lot
of room to grow uh just yet we we uh to be honest it's the the single uh including like in addition to payments it's a single actual product market fit for
crypto that actually works d5 you know lending uh trading that type of stuff you know vaults
savings yield that that's the the the main thing that actually functions the rest is like either you know vapor
where currently like most of the ai stuff that's on on blockchain is is nowhere near to be actual ai
uh meme coins are pure pure speculation and defy is an actual real world product market fit for, for people to actually use blockchain
for something that, that they can use on, on a daily basis, you know, uh, somewhere to
keep their money, how to, you know, take a, take a loan, buy a car, then pay it off, uh,
without selling their crypto.
So, uh, yeah, I think, I think there there's uh there's still a lot of room to
grow but when you see the the uis and uh the user experience in general of of defy how it has
evolved in the last like two three years it it's really incredible i've seen some protocols that they're very intuitive like nothing like it
was like uh during the defy summer the first stuff that we saw like the the yield farmings and
and shit like that that was like really bare bones stuff now it's pretty sophisticated very easy to
access very legible great user experience experience, no friction, etc.
So I think there's a huge amount of room to grow there.
And DeFi can see another spurt of growth in the next decade, I think.
I guess traditional bank is not going anywhere.
But we're going to see more and more people shifting onto crypto and DeFi, especially with stablecoin regulation.
As long as it's not CBDC, I'm fine with it.
if there's like clear regulations for stable coins and people have trust in them,
why would you even use a bank when you can, you know, get some USDC for the same amount of dollars
that you will put in the bank and you get like two times the yield by supplying on a lending protocol like Aave or something like that.
And, uh, uh, you know, you, you already have access to, to, to the entire DeFi world.
With there, you can borrow, uh, another asset, speculate with it, or try to find another protocol where it gives more yield for that asset, et cetera, et cetera.
You know, the yield farming stuff that you can do in DeFi, depending on where the demand and the supply is.
And you play liquidity supplier.
But it definitely is more interesting and better to do it in crypto than just hold your dollars into a, into a bank and, uh, pay your, your bank.
Like what is like three, $400 a year to just handle your, your stuff.
But for that to catch up, we catch up, catch on even more.
We need like, uh, better regulations regarding payments and more adoption
from, uh,
from merchants, et cetera, but it will come eventually.
We saw that ex ex payments is, uh, kind of, uh,
ramping up. There was like, uh, uh, an announcement from, uh, Linda.
Yeah. Carino, the CEO, whatever the hell she is for X saying that, uh, they're looking to, uh, to slowly start deploying, uh, stuff on X where you can use it to, you know, manage your entire life payments, et cetera. And what's the better thing to do than to do it with, uh, with crypto and doge, for example.
So, uh, yeah, yeah extra payments could be cool yeah did you guys see that i guess cz released the blurb talking about how he wants
to make a trust or some kind of like inheritance feature on binance and have allow miners to get
accounts so if something happens
to the account holder it could get passed on like we're starting to see them try to
encompass every single possible thing that could happen on the digital world and obviously that's
where we're going right so um it's interesting to see these things start to be talked about
because I remember that being like an idea back in 2016, 17.
You know, like, oh, I want to leave my Bitcoin to my kid right now.
Now we're starting to see that actually the mechanics be worked out for that kind of stuff.
Pretty cool.
Yeah, for sure.
these types of stuff even if they they uh you know uh jump over some fences that uh crypto has
set up for our own safety uh not everybody can hold a private key not everybody is capable of
doing it uh although if push comes to shove and the dollar collapses, I bet you can, I can bet my
life that everybody will learn how to conserve a private key and how to,
uh, how to hold Bitcoin as a self custodian, at least not everybody,
but a much larger portion of the population than now, because a lot of
people, and I mean, a lot of people still hold all of their crypto on centralized
exchanges which is to me an insane thing to do it's crazy to put your your uh your life savings
or like 90 of your portfolio into a into a third-party account that you have actual no control over.
We've seen the horror stories of Coinbase help desk and people getting locked out of their accounts for weeks or months.
Imagine if you need that money to pay your rent or whatever.
You're fucked.
So, yeah, don't do that.
Learn how to be your self your self custodian.
And, uh, although not everybody can do it.
And these things that, uh, James just mentioned, like, uh, being able to, uh,
to leave your, your Bitcoin for your kids, uh, through Binance or something like
that, those are things that can help people to uh
to get on boarded and uh and have a better user experience with the with the industry
yeah there's always gonna be a subset of people who don't care right they just see it as a like
another stock kind of thing like they don't care if they ever get the bitcoin they just know it
makes them more dollars.
And they haven't had that paradigm shift in their mind.
It's not that it's worth a lot of dollars.
It's that it holds the purchasing power.
And you don't want to relinquish that control.
But like you said, some people never have that understanding.
They'll never make the switch. They just know that the Bitcoin go they just know that the bitcoin go up i like the number go up sell one number go up right so i think at the
worst case scenario at least at that point they'll have some kind of ability on an essential
exchange to pass things on um people here don't struggle with that issue, right? Like, you guys are able to custody all your stuff.
But I'm talking about, like, late majority people, older people.
And also, like, I know someone who lost high six figures, like high, high six figures, based off a Coinbase scam.
And just got, like, social engineered and gave them his, like, information.
And they took his crypto.
And it was a very easy story.
But just because people have a lot of money doesn't mean they actually understand crypto.
Just because you might have a little bit less of that money doesn't mean you don't understand it any less.
It's all about understanding the technology, getting used to it, and being able to navigate it. Because it is like a uh what do you call it a burden you know like if you're still working on your jp morgan chase account and you
just have to call someone because you forgot a password or someone like accidentally or
maliciously took money they could fix it but here they can't fix it so part of it's like
accepting that responsibility i think i think some, you've got to take into account as well,
there's certain types of individuals who are,
they're realistic in the sense where they know
they can't manage something like this themselves anyway.
So like that's why they actually feel more comfortable
leaving their stuff with a third party or custodian.
It's a very strange like it's concept to think about but uh this this generally happens the more as you age too right like i can
see that with my parents and even myself now where i'm like i can't remember this i can't remember
that how the fuck am i gonna do this and know, two, three years from now or whatever, right? Better off to just leave it here. And I know that, you know, that person isn't going to go anywhere. So I'll be able to retrieve it in some way later, right? And like people, people do that all the time. And then there's also like, like to what you were saying as well. Some people just clearly only care about if number go up or down or whatever. Then those types of individuals really don't fully understand what Bitcoin stands for. And they're not necessarily in it for the same reasons that we are. Right. the technology behind it or, you know, its mission, its purpose and its strengths and
weaknesses. But as time goes on, people will start to wake up and realize this because they'll see
direct examples of it, like what's unfolding before our very eyes with all the wars and
everything and how crypto is playing actually such a big role in a lot of these situations, in good ways and bad ways.
And then, yeah, to your point about leaving things with exchanges and stuff, even if you trust them, yes, it's still like there's always a level of there's risk in everything that you do.
risk in everything that you do, every decision that you make.
And you can even see like Iran's main exchange just got hacked and all those funds were stolen.
So like, you know, things like that can happen too, right?
And yeah.
Okay, last stretch.
So, Penny, what do you think?
When do we see an altcoin run?
What's your prediction?
When Ethereum breaks 3,200.
No, I mean, like, when do you think it's going to happen on the
timeline literally like I don't I think all timelines are broken and all cycles
are like I don't believe in them at this point because of uh the macro and the situation and uh the uncertainty involved in
all these leaders and and people and things that can go wrong at any given point of time like i
don't believe in in this cycle shit anymore i think it's all broken so i just believe in strictly
price action ethereum needs to go above 3200 for people to get to for people to wake up and be like oh
shit maybe i should consider buying on the next leg down like it needs to go above 3200
if it's stuck in this range of uh 27k 25 i mean two and a half 2.7 yeah it's uh it's just uh 2.3 2.7 actually yeah and it's like what
i posted on the jumbotron right it's been in a two percent range on closing candles two percent range
over a six year week period so people are tired they're fed up it needs to pick up a direction so
for me it's like i i don't even think that the macro matters at this point. I think it's just strictly price action. And I also think it's being highly manipulated because months ago there was an article with evidence that showed that institutions were purposely shorting on CME futures and they were buying on spot so they've been trying to shake out everybody
this whole time period so that they could accumulate and and that's just all that's
been going on so that's why i think it's more of a price action thing now to be honest with you
yeah features suck it was fun it was more fun when it was only only spot. That was fun.
Yeah, definitely.
Futures are skewing everything.
It's good to make,
if you want to make money with not a lot of money,
if you don't have a lot of capital
and you like gambling,
yeah, sure.
But yeah, definitely.
Futures are skewing the market and the momentum in um, it wasn't as, uh, as important as the spot.
You know, it was, uh, it was for more advanced traders and everybody's like doing futures trading on, uh, on hyper liquid or on, on purpose, uh, on different like, uh, like platforms.
perps uh on different like uh like platforms and uh yeah it kind of skews the the metrics a little bit
all right guys on that note hopefully we see a market pickup in the next few weeks,
although I'm not super optimistic personally,
considering all that has been happening in the world.
But, yeah.
Penny, if you have some closing words, feel free.
Yeah, just some alpha, I guess, to share about the DC64 platform that I'm building, which is essentially a decentralized token platform.
This is almost ready to be released in its current stage for just launching basic tokens.
for just launching basic tokens.
And I'm just completing,
finishing up a little bit of adjustments
to the wallet UI and UX
to simplify it a bit.
And then I'll push it out.
And basically I'll be offering everybody
through the platform the ability
to mint their own meme coins.
Just pay the gas fee.
That's it.
The gas fee for the contract to write to the blockchain.
Which I think last time I checked it was like something like .14 doge or .14 doge.
So like hardly anything.
And yeah, that may be used where we'll track who created coins and it could later be used for an
airdrop of the dc64 token which will be released hopefully in the future and that token will
basically be used to vote in the DAO the dc64 DAO, where token holders can vote on what features they want in the platform itself.
So basically it's just going to start off as a basic token launcher.
And then let's say if people start using their governance token, the DC64 token,
to vote that they want more complex contracts to be used for token creation and to
charge a certain fee and then for that fee to be placed into a treasury in order to buy
some mean coins etc or create our own index funds like it's up to the community on whatever they
want to propose and vote on and that's what the DC 64 DAOs, that's the idea behind it.
But yeah, so hoping to maybe launch it this weekend, fingers crossed.
And yeah, I just wanted to give that alpha.
And yeah, there's already a bunch of things built out, but there'll be password locked
for now.
I just want to open up just the basic feature of people being able to create meme coins for next to nothing on DogeChain for now.
All right.
Best of luck with that, man.
Great to see that you discovered DeFi on DogeChain a couple of years ago.
And now you're actually building stuff on it.
It's incredible to see.
Awesome stuff.
And I hope everything goes well with that.
And we'll be taking a close look on it definitely here
and shilling it next time when we are on next Friday spaces.
Hopefully, then people can be able to start using it.
I'll be definitely interested to start using it. I'll be definitely interested
to start using it myself. On that note, thanks everybody for joining us this Friday for the
Muse and Dreams spaces. And we hope to see you next Friday, same time, 1900 UTC. And
have a great weekend. Thanks, God. It's Friday.
TGIF, guys.
