← CRYPTO 101
CRYPTO 101
Crypto Rundown: Bitcoin Rips, Vanguard Flips, Bank of America Goes 4%, and Whales Reload
01:00:03
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- [00:01]
A
Welcome to the Crypto 101 podcast presented by Gemini, your bridge to the future of money. And welcome back from Thanksgiving break. We put out our rundown with Brian and Brendan, a dynamic duo, last week and we said we were going to wait and see what happens over the markets of the low liquidity weekend. And Brian, we're back. You know, the bears said we were dead. We had a couple trying weeks here on the rundown and we had everybody stick with us. We said we checked. How many times did we check? Ryan, is the light on? It's on.
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B
Light still on.
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A
Amy, Listen, how bullish is this rundown? We'll do you some ETF flows. Even when price is going down, the ETF flows were coming in. Vanguard, the program that we predicted. Sorry. We predicted on this program that one day they will flip. One day they will open the floodgates to bitcoin. Today is that day, folks. Bank of America is literally telling you they are giving you personal financial advice, which on this show you don't get personal financial advice. But bank of America is giving you personal financial advice saying 4% buy Bitcoin, buy crypto. The FDIC is looking into implementing the genius act. Guys, there's so much bitcoin and crypto news going on that even Elon Musk is talking about bitcoin and how energy is. Will be the future of money. And bitcoin is a practicing asset of energy equals money. We also have some. That's why Brian is here. We'll do those at the end of the show. And if we have some time, maybe we'll dive into the prediction markets because we've been having fun with that. Brian, welcome back to the show. I hope you had a great Thanksgiving. I hope you're ready for the holiday season. But guys, it's awesome to be here. It's a fun day when markets are up. The markets are ripping right now. And Brian, how are you?
- [01:50]
B
Yeah, man, I'm doing great. We had an interesting movement with the prices over the past few days, I'll tell you that. It seemed like when we did our last rundown, we kind of bottom ticked right around there. And then we just kept climbing and I was loving it over the past few days. And then yesterday we pretty much got just. It was a sea of red out there and we were back to like $84,000 bitcoin. And again, I'm a permeable, so I wasn't overly concerned, but I don't like to see the market going south. I like when we're all ripping when we're fun, when we're energetic. And then today had some bullish news come out. Some. Some things that we've been talking about for some time. Some catalysts and what we're sitting above about a $92,000 Bitcoin, which it's kind of funny because you would. I feel great at 92,000. If you told me this a couple months ago, I'd be like, wait, we lost a hundred. But, you know, it's all relative. At the end of the day, there's a lot of bullish reasons out there, and we're gonna go over all of them today.
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A
Yeah, I couldn't agree more. It's exciting to be here. And I'm Am getting a reading that I'm getting some technical difficulties on my end. I'm trying to juggle everything here, Brian. I am going to have to maybe refresh and jump out. I'm not quite sure yet. I'm waiting for a confirmation. But let's say I'm going to hand it off to you. If you want to pull up coin market cap on your end and just kind of give us the overview. I try to figure this out. Yeah.
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B
You want me to share the screen?
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A
Yeah, yeah, if you can.
- [03:21]
B
Okay, cool. Hold on, everyone. See, when the producer goes down, you gotta come in with the cape on here. And I am ready. Let me get a little share screen here for everybody. We're allowing some permissions.
- [03:37]
A
All right.
- [03:37]
B
There it is. Look at that, man. It's like I've done this before. So looking at CoinMarketCap right now, good old bitcoin. We just talked about it a moment ago. Over $92,000. Absolutely stellar right there. We love to see that. Because as of yesterday, we were right around $84,000. And I was thinking in my head, are we gonna lose that support of 80? But we got some great news out there. There's a lot of reasons we're gonna talk about. We talk about all the time on the rundown why we're so bullish in the crypto market. But we're definitely chopping. We got some volatility out there in ethereum recaptured that $3,000 mark. And a good old Solana is closing in on $140. As of yesterday, I think it was right around 122. And 140 is a great number to see right now. So we'd love to see it. But this fear and greed meter still sitting right around a 16. I'm not. I don't think we should be in extreme fear. I think there's a lot of reasons that we should be very excited about what's happening right now in the market. A lot of big pieces of news out there. And as of yesterday, I wasn't sure if we were going to have a Santa's rally. But part of me believes that the Santa rally could still be on. But the markets are moving green and we love to see it.
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A
Yeah, Mic check. Brian, can you hear me? Am I coming in?
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B
You sound great, dude.
- [04:58]
A
Yeah, I don't know what's going on. I think there's some type of recording issue, but that's what happens when you do live entertainment. Sometimes it works, sometimes it doesn't. So we'll push on. Yeah, I agree with you that the Fear Greed Index probably, you know, you're going to see a bounce up into the 20s probably here mid later in the week. Brendan said he's interested in coming back on if he can find the time, maybe Thursday. So we'll do some technical analysis with everybody. My bet is by that time you're going to see this thing in the 20s. Another note that we had was during the last dip, the actual, the, the ETFs last week. So Ibit and all the Bitcoin ETFs were positive. So even though, you know, price went back down in the low 80s, people, you know, again, tradfi and a steady buy from IBIT and all the other ETFs that actually ended up with an inflow on the week, which I thought was, was pretty interesting. And then this one right here, which I thought is worth bringing up. So what we have here is the number of wallets holding over a thousand. Bitcoin just, just went vertical. So you kind of, you can see the, the, the disparity on the chart here. The green line is the number of wallets that are holding. A thousand or more were low and you kind of had that cross intersection. There's a little bit of offloading. We talked about how we, a lot of the whales were selling, whether it was just they've had enough profit and they're ready to roll, or maybe you have some traders there, some market makers offloading. And then you can see even as price went up, the number of wallets continued to offload. And then just a absolute massive spike there to the upside. And so you know that that's in my, in, in my estimation, that's a, the dip accumulation for a number of different whales. This one me as like, all right, that makes a lot of sense. And this is a, you know, again, it's never personal financial advice for the show. Brian and I are not financial advisors, just a couple friends talking crypto. But that's a sign that people are starting to step in here. All right, Crypt Nation fam, let's pause for one second and talk about an important issue going on right now, and that's sim swap attack. Sim swap attacks are becoming a serious threat, especially in crypto. If someone gets control of your phone number, they can access your bank accounts, your exchanges, emails, and even your private messages. That's why the Crypto 101 podcast is partnered with Afani. It's America's most secure mobile service, offering a guaranteed protection against SIM swaps with added privacy. Since launching, not one single Afani user has ever been SIM swapped. And for some reason, if it ever does happen, you're backed by up to $5 million in insurance against financial losses. This is literally why we chose to partner with them. It is. Our favorite thing about Afani is the insurance policy of up to $5 million if it does happen to you. Afani runs on either AT&T or the Verizon network and you get to choose which one. There are no contracts and it is super easy and seamless to sign up. You also get a 60 day money back guarantee, so there's zero risk in trying it out right now for our listeners. You get $99 off when you sign up at affani.com crypto101. That's afani.com crypto101 or check the show notes below for a link. These days your phone number is probably more valuable than your Social Security number, so make sure it's protected with Afani.
- [08:11]
B
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- [08:16]
A
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- [08:53]
B
So to get the full breakdown, just.
- [08:54]
A
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- [12:43]
B
Yeah, I love to see this as well. And especially when we're still kind of in this, this tax year of, you know, 2025, you know, you only have to wait 30 more days to, you know, if you're gonna start buying heavy. You're, you're back into 2026. But this is great to see because we see this all the time. We were talking about it at length about whale selling. They were selling into the ETFs. They were selling when we were at a 120, $110,000 Bitcoin. Obviously it must have clicked over at a certain price right around that $80,000 range because as you can see, they started to gobble it up. And I think that's a really telling sign. So what we saw over the past few days is that traditional finance, the ETFs had positive inflows. TRADFI is Buying and continuing to buy crypto. And now we have these wallets that have millions and millions of dollars worth of bitcoin that was selling pretty consistently. Now they decided to flip the script and they're buying it back up. Love to see it. I'm very bullish on this. I don't think a lot of people are talking enough about this because it really shows that there could be some strength in the market right here. I don't, Again, not sure if we're out of the woods yet, but this is some very strong signs that we're, I think there's probably a 40% chance that we did hit that local bottom and we're going to rip up.
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A
Yeah. And everybody, I keep getting the questions of, you know, what happened? Why is bitcoin down so much? Why is crypto down so much? And there, there's a variety of reasons. We've tried to cover it the best we can with kind of the liquidity talking. Tom Lee and then there was the, you know, Tom Lee was mentioning, there was the glitch and somebody blew up and they won't name names. I, I, hopefully eventually we get answers. I think there was something over the weekend too. The Japanese, I believe, Prime Minister talked about a little bit more of like a hawkish stance of possibly raising rates and ending free money. And that spooked some people and that, that was kind of, again, all this bad news just keeps getting flushed in and flushed out. And I think, I don't know, Brendan might have some thoughts on, on that as like a global liquidity call. But I, I don't know, I just feel like we've kind of hit that bottom where like, yeah, they're just going to pile on the negative news and you got to see where it goes. And we're in this range of, you know, it could break to the downside to what, 70, 75 or we're up here in the 90s, you know, that that's our band, I think, for, for the foreseeable future. And then if we can break above it, you know, 100k eventually will be the next magnet to the upside when we clear all this bad news out. But with that said, speaking of accumulating low, I like to take a little victory lap on this one with Vanguard allowing crypto ETFs starting today. So it is December 2nd. They are live on Vanguard. I have a Vanguard account that, that used to have a lot more money in it. And I was part of the, the plethora that was just transferring money out and it was partly protest, but partly because I just think that, you know, they, they weren't listening to the users. They, they were parading around that Bitcoin was a bad asset, all while letting people buy. Micro strategy, which we've talked about on here, never made any sense like, oh, you can't buy the Bitcoin etf but you can buy leveraged, you know, Bitcoin treasury company never made any sense, but they, they finally bent the knee. And before we kind of kick it around, it is something that, you know, we haven't covered lately because it's been kind of back, you know, backdoor news. But when this was going on, I remember us really tossing this football around, especially Brendan and I have just kind of going on rants how it was ridiculous. And since then they've moved on. But I found a clip of their new seat. I'm sorry, I found a clip of their old CEO talking about bitcoin now, now, now he's no longer around for reasons that are pretty obvious. But let's, let's hear just the verbiage because I think this is early 24 when, when the ETS first went live and the old Vanguard CEO, the verbiage around bitcoin, just to see how far we've come, I think of all the big dogs kind of accepting it.
- [16:45]
B
Spot Bitcoin ETF's question came in. Hey, we know you're not offering one. Have you changed your mind? What would it take for you to change your mind? We don't plan to and we don't like, we're not going to change our minds around this unless the asset class changes. Why? First of all, we don't believe it belongs like a Bitcoin ETF belongs in a long term portfolio. Someone's saving for their retirement. It's a speculative asset.
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A
That's exactly it.
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B
And the funds that we offer invest in asset classes that actually have underlying cash flow. So like we mentioned stocks, you're buying the forward earnings of a, of a company and that bond. Right.
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A
As coupon and principal payment. Yeah.
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B
You're going to pay back and you're paying me something for lending you the money.
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A
Exactly right.
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B
So they both can be valued and that's for, for us. We understand why they would rise up in a portfolio and the role they were playing. We can model them. Something like Bitcoin is just too volatile and it's not a, it's not a store of value. It hasn't been. And this is very volatile there. When stocks got hammered in recent crises that bitcoin went right with them. And so it is speculative. Really tough to think about how it belongs in a long term portfolio.
- [17:59]
A
I don't think he's wrong in the sense that saying it's, you know, it's a speculative asset, which we all agree, you know, it is in the sense of having it available and letting your customers educate and make their own decision. I, we, we think they were completely wrong. And then, you know, this was kind of the, the ETFs were just coming out and you know, they kind of took their hard stance of a no. And then it's, I think I find it really interesting that they're going live this week is BlackRock's parading around that the Bitcoin ETFs are its top source of revenue, which I think is, is, you know, congratulations to them, I guess. But it's just you could, you could see why the CEO of Vanguard who made that statement is no longer the CEO of Vanguard.
- [18:42]
B
Yeah, I mean this is pretty big news. I mean Vanguard's an $11 trillion asset manager and it reversed its longtime stance of anti crypto and it's now embracing crypto. It's not just embracing bitcoin. In Ethereum, they're also offering ways to get the Solana and XRP ETF as well. So they didn't even just dip their toes in and say like, hey, we're gonna offer you a Bitcoin etf. They're like, we're just giving you the full catalog right now. Bitcoin, Ethereum, Solana, a ripple. And I, I, I, I, I think it should be the, the, the person's, the whoever, whoever puts their funds with Vanguard. It should be their decision if they want to invest in those assets or not. I'm big on that, I'm big on decentralization and making our own decisions. So it's great to see Vanguard making this move. And I, I, I, and it really, it's an interesting time for them to make this announcement. Do you think this is a big reason why we're seeing this pump too day?
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A
I think it, I, I mean I don't think you can test that like what is it, 5 to 7% pump on Bitcoin just to Vanguard. But I think that it, it's telling of, you know, that this is, this is early innings again. I think in this, in this crypto story. I was thinking about this today. It's kind of more of a general rant, but it's like the, this cycle specifically for crypto and bitcoin has been paired with this AI super cycle, kind of the 20 lows of that bear market, you know, and whether it was the, the tech trade sell off, all these massive tech companies went down, you know, 30, 50% plus obviously the FTX and crypto crash it all kind of had, has had a great couple years. You know, we're entering into this, you know, what, third, fourth year of this bull market and we've kind of been side by side with the AI trade where I think, you know, maybe that's why some of the just, just again a thought think tank series of like, you know, why didn't altcoin season come as much as it did? Well, you had all these new products, so people were funneling around the blue chips. But also there's been this AI trade that's taken a ton, a ton, trillions of dollars of liquidity from investment in the markets. And so kind of having those two stories side by side, it's a lot easier, especially for the old dogs, just to say, hey, like we're going to stick with this AI trade, it's the hot new thing. And, and when, when, when you have all your money in life's work inside of an account like Vanguard, you don't even have access to it and you're listening to, you know, their financial advisors who are saying exactly what the CEO is saying. And so now you can tell that all that tide's turning. And we've talked about kind of just the macro markets in general, how, you know, we don't think the AI trade is quite in a bubble, especially if you compare it to 2000 and then you gotta bring into effect that hey, if we're in the let's throw out, you know, baseball nine inning game, right? Hey, if we're in the third, fourth, fifth inning of the AI trade, you're kind of in those early innings as well with bitcoin and crypto adoption. Again, you're not in the first inning. But when you're getting Vanguard to finally bend the knee and offer it, you're not in the ninth inning either.
- [21:48]
B
Yeah, this is big news out there. And there can still be some volatility in the price of bitcoin in the crypto market. I even see somebody made a comment that bitcoin may go down to $80,000. Again, that's entirely possible. I don't think we're completely out of the woods yet, but it does feel like the pros or the bull case feels a lot stronger than the bear case. Of course we could go down. That could happen with Macro News and just anything could happen out there. But when you talk about Vanguard, bank of America, the 401k options brokers offering it now, we got rate cuts coming next month, more likely possible new Fed chair. There's a lot of reasons to be bullish about where we're headed in the future. So of course we could still go down, we could take a dip. But that's, that's why when we get these major sell offs, if it's fundamentally not something wrong, not something broken, I don't get too scared. I look at it as another opportunity to build my bag a little bit. Again, not financial advice. This is my own personal decision, but I'm very bullish on where we're headed and there's a lot of traditional finance that looks like to be following us in the same way.
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A
Yeah, and, and again building off, you suck it in there. But the bank of America 4% recommendation for Bitcoin and crypto, this just posted up today along with the Vanguard news and I tried to dive in to see if, I wonder. Let's just open up the article, let's see what, let's see what we can find here. I wonder if they get more specific because obviously bitcoin makes sense when they say crypto. I wonder if they dive into that at all and get specific of obviously the bitcoin ETF versus what altcoins they could be recommending. I don't really see any. They're saying the mini trust ibit.
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B
Yeah, I'm seeing a lot of Bitcoin.
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A
ETFs allocation I guess keeping that open ended. But I don't, I think this is bigger, dare I say this is bigger than Vanguard. Opening it up may maybe on the same level of like that. That's a bold statement. 4%. I mean it feels like since we've been waiting and having like the Matt Hogans of the world back before the ETFs were live, they've been coming on and saying hey it's like 1%. We're trying to get everybody to 1% get off zero onto 1%. And then you started hearing these, you know, 1 to 5%, 1 to 3 and then there was, you know, a couple people say more than that. But when you start seeing bank of America, Vanguard and we have some JP Morgan stuff coming up like, you know, again the, the people that have been, you know, just anti this movement and this technology and is, is starting to come around and start talking differently. It, it is, you have to make your own decisions. But these shakeouts and these drawdowns just, you know, depending on how you decide to act on it just feels like, you know, you don't want to sell your bags to these, these companies that come in and build products around. And we've said it countless times of like building this stuff not to get rid of it in a year, two, five years, like you implement and to implement these products. These are long term plays.
- [25:04]
B
Yeah, you nailed it. I mean bank of America, I think I saw it was a $2 trillion bank and wealth management company. I know it's definitely in the trillions. And they're now allowing their advisors to allocate and they're recommending 1 to 4% in Bitcoin starting in January. This is just another big headline and it's just another point to show that traditional finance and there's a bigger appetite for crypto and crypto assets moving forward. Sure, we'll have some short term volatility where it's obviously going to react a lot harsher compared to some other markets. But I don't know, I'm not trying to sell my bags to banks right now. I'm, I'm in it, I'm in it.
- [25:43]
A
For a while and the run the Runway set. So you, you, you brought this up. Great. Was, you know, the FDIC is looking to propose Genius act implementation framework this month. And so obviously the Genius act has a ton of pro crypto policies in it, mainly around stable coins and other crypto assets. So when, when the fdic, and that's the people that insure your, your bank. Right. So if you have a bank account, I think the number might be 250k, don't quote me on that. But the FDIC, which is the government insures your money in a bank up to a certain amount. So if something happens, the, the government's backing it. So the fact that the government is all these pro Genius act framework for bills that are getting passed, the FDIC could, you know, start backing some banking products that are, you know, have stablecoin rails, crypto rails. I know that's something that, you know, Scott Besson has been really interested in trying to get, you know, stable coins more into the system. So again, I think we're, we're in the early innings of this stuff. I saw a quote from Paul Atkins. I, I don't have it pulled, but he was, you know, again, building guardrails, giving crypto companies that it was like a crypto innovation type policy to allow crypto companies to ipo, maybe easier than the average hoops you have to jump through. So again, trying to bring crypto more into the public markets is all I'm seeing is again it's that differentiation of the fundamentals. So when you see price action falling like it has so violently, you start looking around be like well what's changed? Like has my fundamental story and the belief in this, you know, system, product, technology. Has anything changed for you? And I think what we've tried to do on this show is like hey, whoever had a crystal ball, whoever has the crystal ball would, would make trillions. Nobody has that. Even the big, you know, the big guys that everybody loves, the Tom Lee's have been, you know, changing their price targets and timelines and nobody has a crystal ball. But what we've been trying to do for you here is gather all the information and try to bring it to you the best that we can. And, and from our vantage point, this fund, the fundamentals of, of our belief in this. And I don't want to speak for you Brian, but I'll tee up for to chime in is like the fundamentals haven't changed, we've just been underneath the covers. Yes the price action has been word but the fundamentals of what we're looking for to keep moving this industry forward has, has continued along in a positive way.
- [28:11]
B
Yeah, you, you nailed it TiVo. And gone are the days where we're opening up articles that say the United States is banning crypto and digital assets. I mean that was the, in past cycles those were literal real headlines in what the United States is trying to do now. We're opening up articles where it's. The FDIC is proposing rules to implement the Genius act to support stablecoins through all of these non bank and bank companies. So we're embracing stablecoins with Fed supervision, making it so it's safer and it's a one to one backed asset so we don't have another Terra Luna collapse at the end of the day. What I'm trying to say is, is that we're getting strong bullish news coming from our administration, coming from the government. We're building framework to really become a crypto leader. And again the price doesn't always reflect that because it's still considered a risk asset and it's volatile and volatility, I say it all the time, is not necessarily a bad thing. But when you just kind of peel back the layers of the onion and you just really look at the meat here we have pro administration, we have the fdic, the sec now, embracing crypto, we have the stablecoin legislation, we have bank of America, Vanguard, JP Morgan, all embracing crypto and crypto framework. They're not going to unravel this two, three years down the line. This is moving forward. Maybe the price doesn't reflect it as strong as we would hope, but again, it's pretty obvious that we're trying to. This entire country is trying to move forward and utilize blockchain and digital assets in a positive way. And like you said, we bring this to the show. We do our own research, we have our own kind of gut feeling of what's happening. Nobody has a crystal ball, but it really, the facts are, is that we're moving forward as a country to embrace crypto. It's very clear.
- [30:09]
A
Yeah. Just before we move on, I'll share something with the audience here. I have this on my desk. When, when times get hard, I have the positive poo affirmations. Brian. So when, when things, when things get up, sometimes you just need a positive poo affirmation. And so we've been talking now, the price action's been killing us. Everybody's been feeling it. And sometimes it's hard to come on and make a show and, and give, you know, good vibes to the people. But I had this positive poo affirmation here and I just the other week, right before Thanksgiving, I grabbed one out, I opened it up and I was just like, stay resilient. Every storm passes. If you see there, stay resilient. Every storm passes from my positive poo affirmation. And I think it's estimate to where the market is today. So thank you, positive poos, for keeping me on track. Speaking of keeping everybody on track, sailor making some moves. And then we've got, we've got a whole little segment here around MSTR and MSTR raising cash. Brian. Cash. Is that US Dollars, Brian?
- [31:14]
B
Yeah, I mean, he's, he's stacked with a $1.4 billion of a cash reserve. I think he announced it yesterday to help pay dividends and really, to just have a Runway there and, and you could look at this a couple different ways. You could look at it as bearish, you could look at it as bullish or just really. Well, I guess not one of two ways, one of three ways, or really just neutral. This is neutral in my eyes, even though I think they even bought like a quite $11 billion worth of Bitcoin as well. So they're still buying bitcoin, they're still holding bitcoin. They're not selling their bitcoin. But Michael Saylor, as the Gigachad himself, the permable of all permables, is like, hey, there's volatility in the market. I'm not going to want to sell my bitcoin if we continue to bleed out for dividends. So he put, cashed out, put a cash reserve of 1.44 billion and for dividends. And I think that gives him like 18 months of Runway, I read somewhere along those lines. So it's probably just smart at the end of the day because he knows it's a volatile asset class. But he's continuing to buy bitcoin and I'm sure if we had Michael Sailor on the show right now, he would give us a very elegant reason why he's such a, still a bitcoin bull and reasons. And you just say, hey, I'm putting a couple billion to the side as cash so we're not strapped. You know, it makes a lot of sense to me.
- [32:39]
A
Yeah, I think the financial alchemy that's going on not just at micro strategy with all the other products of, you know, I think it's, I know strategy is the main one. And then they have all those products that's, it's a little bit above I pay grade to understand. I've tried to look into them but. So I don't want to speak on how they work because it's a little above my understanding. But I know that, you know, that's what this money's for, saying, hey, I have these products that are giving out these high dividends. I'm raising enough cash to know that I can, you know, guarantee my commitments to the shareholders. Again, it looks smart. If bitcoin rallies back to what one, you know, 120 goes back to all time highs and then he's got all this cash for dividends and maybe he could use some of that cash to go buy more bitcoin or the stock rises so you can offer more at the money. It's he, he's doing the financial alchemy that he does. Again, if you're, if you're subscribing to the religion of Michael Sailor and microstrategy, you're definitely defending it. If you're somebody that doesn't believe in it, you're saying that he's panicking. I'm with you. I'm neutral in the middle. If you're interested in it, in, in his products, you have to go do your own research and see if that's somewhere you want to be. And if not you can just, you know, buy bitcoin and spot and stack your own sats. So, you know, I think that's kind of how I've always looked at micro strategy. I think it's, you know, he's obviously a godfather and leader of the space. So if, when he does something, it's worth noting, but you don't have to be all in with him. And I think again, raising the money is, I, I, I'll say this on the, on the business news channels. The A block yesterday was sailors panicking. But I don't, I don't necessarily feel it that way. I think the most interesting thing with, with some of this is that MicroStrategy's stock is starting to actually trade below its net asset value on Bitcoin. So I saw this from again, our friends over at the Kobesi Letter Holdings. 55 billion debt, 8 billion cash reserves announced today. 1.4 billion, you know, debt plus cash, 48 billion. Market cap, 45 billion. So you're 3 billion off could be in like, this is the stuff that I, I like full disclosure as, as, like a trader when I, when I try, I try and find kind of some of these asymmetric plays. I, I do like them. So this is now on my radar of seeing again, if this gets a little bit wider, you could have a little bit of, of quote unquote arbitrage maybe with micro strategy, obviously with some higher risk. But I, I played this really well and I kind of give it up to Bryce because he was kind of coaching me through the information on it. But it was when this is back in the, the depths of the 2022 bear that we were just talking about earlier. Grayscale, the grayscale trust. This is before it was an ETF at one point was trading at like a 50% discount of its bitcoin holdings. And, and I, I was kind of talking with Bryce. He's educating on me. I was like, yeah, this is kind of, I like this, I like this type of play. And I remember going in on, on the grayscale trust and I think bitcoin went up, you know, 50% at one point and my grayscale trust went up a hundred percent. And then I, I did sell that off as kind of like a trade, but this is something to watch for me. So, so any thoughts on that? If the strategy market cap keeps bleeding lower than their bitcoin holdings?
- [36:02]
B
No, I, I like that arbitrage opportunity. And again, they're still holding $55 billion worth of Bitcoin So I, I do think the talking heads on the news yesterday saying he was panicking feels very click baity to me. They want you to watch. They want you. They want to. There, there's a lot of people pumping as much fear and uncertainty and doubt as possible to us now. Am I saying that Michael Saylor and MicroStrategy, they have a very high risk, very volatile way they're handling MicroStrategy and their books and their money right now. I don't look at it as a bad thing that they have $1.4 billion in cash reserve just to weather the storm. If we even get the storm. It doesn't seem all that bad. You're slightly hedging your bet, but you nailed it when you have holdings or what, 3.4 above the company's market cap. Yeah. If it keeps bleeding. You gave a great example there that you know, there will be an arbitrage opportunity. So something to keep our eyes on obviously. But I'm really neutral with everything that's happening here. I watched so many shows yesterday where people were just saying that this is the end for MicroStrategy. I don't know, I'm not on that bandwagon.
- [37:17]
A
Yeah, it feels like one of those things like bitcoin's dead and then it comes back and I had a great trade earlier in the year, not crypto related, was like the quantum computing stuff shot up and then it died. And when it was dying, I kind of around the tariff time I was like, well this is only dying because everybody thinks the world's ending, the world's not ending. So this is going to be a fun little, you know, rebound trade. And I went in on like Rigetti and all that stuff and again, that flew back. So again you kind of got to understand your trades, your entries, your exits. But I'm a big sentiment guy. That's my, you know, my main role here is, is gathering up all the sentiment and the that JP Morgan loves. Bitcoin continues on as JP Morgan is moving Bitcoin into the, the bond market. Creating a product here that's kind of giving you stuff that we've seen basically Michael Sailor do kind of taking. This is why I put this taking the Sailor playbook and starting to offer it to their own people. Right. Like hey, you're protected on the downside and you still get a little bit of the upside, the volatility, you know, kind of financial alchemy of these products around Bitcoin. And I thought it was interesting to put it right after the MicroStrategy discussion, because last week we talked about how. What was it, MSCI was kind of going after MicroStrategy and saying, hey, we might boot them out and not let them in, you know, some of our collection of companies. And now, now these people, now JP Morgan's making products similar to strategy. So, like, could you make a. You know, if we wanted to get out the tinfoil, I got my kitchen over there. We go get some tinfoil and, like, wrap our heads around it. And if you want to do, like, the conspiracy theory stuff, is there. Is there a plot to try to take down strategy and Michael Saylor so that JP Morgan and Jamie Dimon can start offering the same products that that strategy does?
- [39:04]
B
Yeah, I. Yeah, I could get on board with that. I could be convinced of that for sure, because I think there's a lot going on between the sheets here, between what JP Morgan's planning, what Saylor's planning. There's. We could speculate till the day's end. We could speculate for two hours on. On the rundown here of exactly what this means and what they're trying to figure out. But at the end of the day, good old JP Morgan, who is anti crypto just a couple years ago, that was the anti crypto a year ago, is now offering even more products out there integrating Bitcoin. And, you know, Jamie Dimon's a secret bitcoin bull. I want to know what his personal holdings are.
- [39:47]
A
I think I said one time on the show was like, if. If there was, you know, in the prediction markets, if there was a bet that Jamie Dimon was Doshi Nakamoto, I'd. I'd take some action. I like that. I like.
- [40:00]
B
We would have to sprinkle that.
- [40:03]
A
Yeah, we would.
- [40:05]
B
You got me laughing pretty hard. Just. I think it was a Tweet from our Crypto 101 podcast or something. It was, and I've been stealing it from you. But Jamie Crypto diamond, every time he announces something, and I've. I've used that text messages to people while sharing the message. My uncle is a banker, and he loves Jamie Diamond. And when we found out that, like, he was calling it, it's not a pet rock anymore. It's. It's the future. I love bitcoin. I sent him the article, and I'm like, jamie, Crypto Diamond.
- [40:35]
A
I don't know.
- [40:36]
B
They're. They're flocking to the money. Traditional finance is embracing crypto. It's clear. And I think in a couple years from now, we're going to look back on this and be like, man, wasn't that all so obvious? Like at the time it felt scary, but it's just so obvious, right?
- [40:52]
A
And that, and that, that's the perfect thought exercise for when FTX was going on and Bitcoin was 16, 18, 20, 25,000. And you know, I know I just started the company, you were just here. So we were all kind of, you know, in our own little crypto spheres coming together to, to be a part of crypto 101. And it was like, it was a scary time and but like again we were kind of building towards the future and you know, started to, you know, buy the dip and it was very scary just overall. And you're just like now you look back at that time and be like, ah, that was so like what, what an obvious buy 22000 for Bitcoin was like, what are you talking about? Why wouldn't you, Morgan, again, never do this. But why wouldn't you mortgage the house back in 22 and buy everything you could? And it's like there's different levels and times and stuff like that of fear and understanding and consolidation and then there's times of downwardness and there's times of the upward trend and it feels like if you look back from that time period, we are kind of due for like, I don't know if it's a longer term consolidation, whatever you want to call it. But again I've said on the program so many times like you don't get to buy if you're new to bitcoin or any asset like that's hot in the streets. Nvidia any of the AI trades. You don't get to come in and be like, okay, I'm on board now. I'm going to buy this and ride it 300%. So in my theory that I've said as we approached 100k, it was like, hey, you have all these new people that are now being like, oh, it's back, it's good. The ETF's Blackrock, it's okay, I'm in again. I'm in again at 90. I'm in again at 100, I'm in again at 110. Like you gotta, you gotta, you gotta earn your stripes. And I feel like that's where we are in the market right now is like everybody that might have threw in the towel when they bought at 69 and it went down to 18. They came back, they came back 90 to 110. And so they gotta get tested again. You just, you gotta get tested. But I'll tell you what, if you listen to the Crypto101 Pod, you are in the right place to go through those tests, be a part of the community. If you're new bottom right, hit our logo and subscribe. And again, if you're on the podcast and you're interested and kind of learning more about our community or Brian's community, which we're going to cover Momentum money makers in a little bit, check the. We got some good offers if you guys want to get more involved with our team. But it's always interesting when Elon Musk talks about Bitcoin because, you know, he was kind of always one of the OG like, you know, the crypto people would turn to him for doge and just, you know, again, at one point Tesla was accepting bitcoin. So when he talks about bitcoin, we listens. Let's look at the, Listen to the latest Elon quote there. There's still some fundamental currencies, if you will, that are physics based. So energy is, energy is the real, is the true currency. This is why I said bitcoin is based on energy. You, you can't legislate energy. You can't just, you know, pass a law and suddenly have a lot of energy. You, it's very difficult to, to, to generate energy, especially to harness energy in a, in a useful way to do useful work. So, so I think that probably we, probably we won't have money and probably we'll just have energy, you know, power generation as the de facto currency. So again, not, not a huge positive statement, but always interesting. It certainly wasn't negative and I just find it always interesting when he kind of talks about. Pick one.
- [44:22]
B
Yeah, I mean, Elon, Elon, you know, is a love hate relationship sometimes because he can just tweet some crazy stuff out like a Doge dog riding, you know, a rocket to Mars. And you know, everyone's like, who is this guy? But then he says some very intelligent, well thought out things and I, I think he makes some really good points there about energy and how valuable energy is and why bitcoin in its correlation with energy could, you know, just further enhance its value.
- [44:55]
A
Yeah, again, just an absolute wild card, as everybody knows. But again, when he talks positively or negatively about Bitcoin, worth listening and worth chiming in.
- [45:06]
B
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- [45:36]
A
Let's talk about Ethereum. I think this is something that we'll talk about a couple times over the next couple weeks but there's the Fusaka Upgrade coming on December 3rd. Again there's a couple upgrades. I remember the last one was it Petra, the PETRA upgrade. Petra, yeah. So again these upgrades come and go, they happen. I think it's, you know, it's, it's interesting to cover it more so after hopefully it goes successful and understanding what kind of it brings. There's usually a little bit of rumblings leading up to it, nothing too crazy but obviously you know Ethereum and Tom Lee's bet is kind of, kind of taking the bringing everything on chain, right? Everything from real estate to stocks and everything. So you know, I'm sure this upgrade has something to do with kind of bringing. If you scroll down here, you know the consumer apps faster, safer ed to use data scaling, instant transactions, mobile ready wallets. Again I think it's, we can maybe, who do you think on our team maybe like Rohit or Brendan can give us maybe a full, more full breakdown of when this goes through and goes live. The most exciting parts of what they're looking for. So we'll try to bring that to you guys but something to watch this week and hopefully it goes smooth.
- [46:50]
B
Yeah, this is, I think they're announcing this at DEVCON 2025 in Osaka, Japan and that's actually where the name comes from Fusaka, it's Fulu. It's the star that's linked to the consensus layer and they pushed it together with Osaka where this big conference is happening. And just to really make it simple what this upgrade's all about and I don't even know if we need to get that deep into it but it's going to make faster transactions on layer twos, it's going to make cheaper fees on these layer twos. It's going to be better for developers, it's going to be a lot easier for node operators, it's going to be really business friendly. I kind of went down a rabbit hole here about the business friendly, how companies can integrate Ethereum much more easily into their systems because it's going to have this common security standard. And it's with this all being said in one reason people love Ethereum, it's going to stay decentralized. So with all these improvements, Ethereum's going to keep its core promise that no single person or company will control it. But we're getting all these great upgrades. Cheaper fees, faster, better for developers. So, you know, Petra was a big upgrade. This is going to be another big upgrade. And of course with Ethereum and its correlation with stablecoins and the Genius act and the Clarity act, this is great. And I was really curious where this name came from. That's why I looked it up is Fulu and Osaka. So those two names together made the name. Because when I saw this come out I was like, who's coming up with these names and at least found the origin of where it came from.
- [48:21]
A
Gotta love that insight from our guy Brian. Just doing the deep diving research and that makes total sense again, right? Like Robinhood building on top of Arbitrum to try to bring, you know, the stock market on chain. Need that. Everything needs to be faster. Everything. The uptime, obviously, you know, Ethereum has the uptime records just always being online. But you're going to start building these apps and so that connection and quickness between the layer twos is going to be pivotal and pivot. Cool. And then the gas fees. As everybody knows, if you've been around during a wild bull run, the Ethereum gas fees are something that people start to complain about when they get a little too high. So that'll be interesting to see again when we're kind of in that bull cycle and uses at an all time high, how will the fees be? But we'll keep tabs on you for that. Again, we'll circle back on that later in the week and hopefully everything goes smooth for the Ethereum team. Brian, let's do some momentum. Money makers again. I remember Monad was in the depths of this sell off. You guys called Monad, which was an actual winner. But we have some news around. Show show mascot show favorite pudgy penguin. We're doing Pudgy times the NHL. That's awesome. Look at that guy go, huh? What is he, you think? Is he a score or is he a bruiser? Looks like a score.
- [49:43]
B
He looks like a score, man. Nice little snapshot there by the guy. Probably put it right in the middle of the goalie's chest. But who's, who's, who's.
- [49:50]
A
Yeah.
- [49:54]
B
This is great news. And I actually have from the Draftking days. I have a relationship or had a relationship with the nhlpa and I don't even know if the same guys are still around, but they were always like really interested in NFTs in blockchain and crypto and kind of a cutting edge. So I've actually, I was at the very first Winter Classic. It was in Pittsburgh. I'm a big Pittsburgh Penguin fan, so. Soft spot. No, wait, maybe. Maybe it was the second. It was the second Winter Classic because I think the first one was in Buffalo. I went to the first one, the second Winter Classic. But really cool event for hockey people out there. It gets a lot of hype. A lot of die hard NHL people like myself love to, you know, watch the Winter Classic. It's on New Year's Day. A lot of fun. And again, this just goes to show you how some of these Pudgy Penguins was an, a failed NFT company that was acquired by Luca Nets that turned it into a global IP selling millions of dollars worth of toys. I bought their most recent book. They have a mobile game, they have a Meme coin. They're integrating it in all sorts of facets of not just the web3world, but as you can see, the web2world. And they signed a huge partnership here with the NHL. So I'm again, don't have to just keep screaming from the mountaintops, even though it can be extremely volatile because when bitcoin takes a big leg down, of course some of these meme coins or smaller market cap coins are going to correct even harder. But they're not going anywhere. They just signed a partnership with the NHL and the Winter Classic. Great job by the Pudgy Penguin team. I love what they're doing. I think their IP is one of the strongest IPs in the entire crypto world. And again, I think we're going to be looking back in a couple years from now and be like, man, you remember us talking about Penguin and the Pudgy Penguin token at the price it was at and what they were doing. And now, you know, I, I don't want to say they're going to be the next Disney or anything along those lines, but if any Web3 company has a path to really, really pop off and continue moving, it's the Pudgy Penguin team. And you know, not financial advice. That's why I'm a holder of a lot of their assets as well. I'm, I'm just bullish. They, they know how to move the needle. Luke is a great CEO. They're signing Big partnerships, it's, it's just another feather in their cap why they're going to be successful.
- [52:19]
A
Yeah, yeah. I mean you can attest to this. You know, the, the knife was falling. It was just bloody week after week after week. I just texted you, I guess I gotta buy some Pengu here. Like that's all I could really do, you know. But we'll buy the dip action and while we're here, I saw this on the, on the charts today. Just, I mean this 24 hour off the bottom pengu is pretty gnarly. 30 in 24 hours. Again, people are coming in, people love this thing. But again for the month, down 30 in a day, up 30. This thing is super volatile, you know, a lower market cap than what most people are used to if you're trading, you know, bitcoin, solana, Ethereum. So you have to be very, very careful and certainly do your own research. But if you do zoom out. We gotta get our chartmaster Brendan on this one for a long term ta at right here.
- [53:14]
B
Don't hate it.
- [53:15]
A
Don't hate that support system.
- [53:17]
B
Little curl up there.
- [53:19]
A
Yeah, don't.
- [53:20]
B
Little curl.
- [53:21]
A
Do not.
- [53:22]
B
You know, when Bitcoin loses $100,000 and we're speed running to 80,000, of course the Pengu token is going to get sold off and be down 50% on the month. That's why it's so important. And I've bought way higher than this and I've bought lower than this and I've. Majority of my buys have probably been higher than this, obviously. But that doesn't deter me. It's one of the few small micro cap or meme coins, we want to call it that. When I buy it, I send it to a private wallet and I don't really think about it. At the end of the day I'm just like, hey. I'm continuously like kind of dollar cost average in. Because I love what they're doing, I love the partnerships that they're creating. And I do believe that once we reclaim some all time highs in some of the majors that you can see, Bitcoin moves 5%. What's pudgy penguins do? It moves 30%. So you can catch some really nice numbers in some of these moves. And they're still cooking, they're still, they're still doing some fun things out there. And again, I've talked about this on the show. They have the Pudgy party game. It's on my iPhone. My kids can't get enough of it. It's a Smooth, fun game. And I do believe that they'll probably integrate the Pengu token in it eventually and continue to build it out.
- [54:35]
A
Yeah. And the memes, it's just. It's fun again. Price goes up, it's fun to share the memes. Price goes down, it's fun to share the memes because it's like, hey, you're just. You're in your little community suffering together. So yeah, we pudge on. We pudgy, we skate. Skate fast. What is it? Bar down. Pudgy's a bar down. He's not a brute. Yeah, he's a bar down. You've got some information for the Hype Token to bring to the people here. Some. Some interesting news happened recently.
- [55:05]
B
Yeah, well, there was. There was. I don't want to call it fud, but the Hype team got a pretty major unlock. I think we mentioned it on the rundown. I know I talked about it briefly with our community that the Hype Team, I'm a big Hyper Liquid fan. I think it's one of the best perps platforms out there. We're getting easier ways to actually buy the Hyper Liquid token. But there was this huge team unlock that was kind of hanging over our heads and they have some more unlocks coming up, but I believe it was 1.7 million. Hype was released in the first wave, so that's a substantial amount of hype. Even with their buybacks. In their buybacks and Burns, everybody was kind of like, what, what's this Hype team going to do with this massive release of tokens? I mean, they all just became instant multimillionaires with this release of tokens. They don't have a huge team, I don't believe. So were they going to just completely dump it on us? And it does feel like the Hyper Liquid team has made a lot of strong moves throughout this entire year in the, in the bear market, in the bull market. It just seems like it makes the right decisions. And we got some good, good news. They had minimal selling of this first unlock. I believe the Bankless article that you're on right now said that they have 40% of it got restaked. So they restaked 40% of what they actually got. They're doubling down and restaking it. 35% of it they didn't even touch. They kept it in the spot value and I think it was like 23, 24% that they sold over the counter, which was obviously gobbled up pretty quickly with the buybacks and burns. So the team Took a little bit of a payday which was deserved. That's why they set those things up. You know, they've been building a product. They deserve to get a little bit of payday. But they didn't dump this like a lot of other. I don't want to name the companies out there, but a lot of people would just take and just dump it on the market and move on. No, they restaked it. They doubled down for another 40%, kept 35% in spot and of course they sold some that got gobbled up and didn't really affect the price. So I'm still pretty bullish on the hype team, but when it, when I threw this in our sheet because I know we've talked about hype in the past on the rundown, a lot of people were talking about these unlocks and what the team is going to do with it. At the end of the day, really a minimal selling and I, I feel like it was pretty bullish.
- [57:31]
A
Hey man, you're the, you're the reason we listen to. Sorry. You're the reason why we subscribe to Momentum Money Makers to get the information like this. This is stuff that's kind of buried in the news flow. You're not going to just find this on the timeline anywhere. This is a Brian and Joe specialty. So if that type of stuff is what you're interested in, you want the first alerts for this type of stuff. Like we covered the other week with Monad going and ripping 50% off of their call while everything else was bleeding out. It's Momentum Money Makers. If you're somebody who wants that quicker, actionable information, check the link below for their Momentum Money Makers vip. It is open and you guys can join Brian and Joe and get those first alerts. Or if you're interested in something a little bit more of like a first step into crypto, check out the other links down there. We have dollar trial for Cryp Nation as well to end the show. Let's have some fun with the, the prediction markets. I know just in general there was some like crazy chat for how much money these guys are bringing in. You sent me the link, I'm going to pull it up now. It's what, 10 billion in combined volume for these guys, Couchie and Polymarket? Just absolute bananas. Types of volume and money sloshing around in these prediction markets.
- [58:47]
B
Yeah, these prediction markets. I mean we got legal battles going on with the state of Nevada and Massachusetts. They're winning, they're losing. These prediction markets aren't going anywhere anytime soon. I mean, for, for goodness sakes, we had the New York Stock Exchange parent company, the ICE, you know, put $2 billion towards polymarket for their valuation. So they're not going anywhere anytime soon. Why I thought this was so interesting is at $10 billion combined, I was like, okay, that's great. But that's one of the strongest months we've seen. And that's not during the election. These prediction markets were really hot during the election. During the presidential election. That's when it got a lot of steam. People are now still sticking around, still utilizing it. I know you're into it, my guy, because I'm getting more and more text messages of just absolutely fire pics of you getting in. So you're going to kosi.com here and there.
- [59:41]
A
Yeah, yeah, man. I, I, I've had, I've had some heaters. I might, I might, I might be overstepping my friendship with you. I'm firing a, I had a text to Brian Sunday morning, it 30, I'm watching Meet the Press and Kevin, you know, Kevin Hassett comes on and just drops some tidbits about, you know, maybe being the Fed, the Fed choice. And I'm like, oh, I gotta jump on this. Like I, so I go down and it was like 50, 50. And he said, I can't remember exactly what he said. He said something where it was like, you know, oh, like there's rumors of you being the, the pick. How do you feel? And then the way, the way he answered the question just to me, I was just like, he didn't shy away from that at all. Like, you know, most people in that situation be like, oh, well, you know, whatever the President's going to do, I can't really speak on it, blah, blah, blah. Like he didn't say that. He said something that in my brain I was like, ah, 50, 50 coin flip. I'll take that any day. And then, and then the odds jumped up this week to like 80%. And so that was a great little arbitrage. And I had the, you know, again it's, if I'm the person that's bruising social media for the team. So I, I get a notice that Trump says he's going to announce the new fed person in 2025. So I go to Cal real quick and I take the 50, 50 on it and then it jumps up to 80. And then I did saw the, the, the Hasset thing and I cashed out that at a win and dumped it into Hasset. And then Trump Today says he's not going to announce it to January. So, like, I feel like, I feel like I'm sharp right now. I'm sharp.
- [61:08]
B
And I mean, Trump's getting his rate cut. Trump's getting his rake, I think more likely. So he's like, all right, we'll keep, we won't embarrass you.
- [61:19]
A
Exactly. We covered that on the show. And then. So I, I did. I cashed out Hasset today too, because between the two, it was like 100% win. So I'm like, all right, I'm taking that out because what I have this week and we covered this, I think two weeks ago, maybe me and you, I put something. There's the Dealbook summit this week and Bess it speaking. And we talked about this one on the show. You said you were riding with me. I thought you actually went.
- [61:44]
B
No, I'll say. Well, it's about Charlie.
- [61:47]
A
All right, we got this. So we gave this out two weeks ago and it was. What will Scott Besson say during the Dealbook interview? We took stock market and Stablecoin. Now, Stablecoin hasn't moved. It's 24. Still. Still. However, we took stock market at 37%, Brian. It's now up to 49%.
- [62:06]
B
I like it. I, I still have both open. Not gonna lie. I haven't. It's.
- [62:10]
A
Oh, hell yeah. No, we're riding that one to the, that. That's why I sold the other ones, because I was like, all right, I'm gonna let the best in one kind of roll out. And it's like, how does, how does he not say stock market? How does he not say how. How does he not say that we've. The stock market's at an all time high or have how many. Like, I don't know if it's. Obviously it's not at an all time high this second, but he's going to say, hey, the stock market has made X amount of all time highs this year under President Trump. That feels like a layup at 50, 50 to me. Not financial advice. This is gambling. Now, stablecoin at 24% is not a gimme. I don't think that's a gimme at all. But if they do, if they do start talking about bonds. And so here's, here's my thought. There's a method to this madness, Brian. If you just think I'm just sitting here just hiring picks, I'm not. I'm diving into the research now. We've had the most success in the bond market. Since I believe it was 2020, I forget exact date, but I've heard. I, I watch Bess and speak all the time. Something that he is parading right now is how much success he's had in the bond market. And the future of the bond market for him is where he starts talking about stablecoins. So if the conversation goes into the bond market, he's going to hit stable coins? I think so I'll take that for 25%. But I mean for, for to get, to get stock market at 37% two weeks ago. Sharp bet because it's up to 49%. You could already pull out some winnings if you wanted. We're going to let it ride.
- [63:36]
B
I'm looking at some of the other mentions he has has here. These are always fun. You know, the mention markets are fun. You know, I don't know how much of an edge there is, but you make some very compelling points. The only thing with the stock market that's going to kill me, and I think we talked about this when we mentioned it, is if he just says stocks, I'll riot like he's like, the stocks are at all time high. I'll break the computer right in front of everybody. I'll make the kids cry if he just says stocks. So that's a real, that's a real threat there. But, but he's a classy guy. He wants to throw that stock market in there. He wants to verbally, you know, verbally vomit on us a little bit more and use stock market. So I, I love, I love both those plays. Mention markets are fun. You know, again, it's, it's, it's you know, hamburger money here that we're playing with.
- [64:24]
A
Tax cut look tasty at 58%.
- [64:27]
B
It does. I was literally just looking at that. It's up a little bit too. But nothing, nothing too crazy. Is this summit tomorrow, December 3rd at 10:00am Eastern Time?
- [64:40]
A
Yep. Yeah. I don't know. Should we watch it live? If it's stream live, should we get on?
- [64:45]
B
I might. I'm in. I'm in. Fired up again. On YouTube, you just see me lose my mind that he says stocks and not stock market. See, recession is always so juicy. But I'm scarred. Ever since you made the recession. I'm scarred from that now. I can't jump that. But a 39.
- [65:05]
A
Yeah. How, how he said that there's no signs of recession. Like that was the layup. That was mean of J. Pal. That was just bully. Yeah, bully.
- [65:18]
B
Yeah. You know, he, you know Not. Not Hasset. Not Hasset. He's gonna say recession sometime. He'll. He'll be our horse next year in 2026.
- [65:26]
A
Yeah. Yeah. It never ends well. That was a fun one, Brian. We just hit an hour. Thank you to everybody on YouTube, you to everybody on the podcast and audio. I'll be back later this week with friends. We'll do another episode, and we have a awesome interview out with Humayun Shake the Fetch AI CEO. And that was a juicy one. Kind of going over all the ASI Ocean Protocol drama. So if you're interested in the AI Coin space in general, we talk about that. But then there's a lot of drama over that, and. And Bryce and Brendan did a hell of an interview. So go check that out. We appreciate everybody listening. Glad to see some green in the markets again. The light stays on, folks.
- [66:05]
B
This is crypto101.
- [66:07]
A
This is the rundown. We appreciate y' all tuning in to you all soon. Have a good day, everybody.
- [66:21]
B
Meet Dan.
- [66:22]
A
Hey, how's it going?
- [66:23]
B
Dan has big life goals. I'd love to own a home one day. Numerica Credit Union is the place.
- [66:28]
A
Perfect partner to help make Dan's goals come to life. They are. Yeah. We help you manage your money with confidence, using tools and guidance tailored to your goals. So whether you're building breathing room into your budget or saving for your dream home like me, Numerica is there every step of the way because your goals and your life matter.
- [66:47]
B
Numerica Credit Union money where it matters. Federally insured by ncua.