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CRYPTO 101
Crypto Rundown: Buy or Sell... Our Altcoin WINNERS Revealed & Why The Bitcoin Trade is Outperforming
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A
Are you curious about the economic forces shaping your daily life? The Planet Money podcast from NPR makes sense of the economy in ways you'll actually understand and enjoy. Guys, you love listening to the rundowns. I get some of that information from this NPR Planet Money podcast. Especially recently with the war going on, the straight of Hormuz, you're just kind of getting those updates as they come from these guys. They put out a ton of awesome content. It's a different perspective from crypto101, but still a great listen. So go over there and check out the Planet Money podcast. If stuff like current events and the finance world interest you, each story on Planet Money starts with a question. Recent episodes ask why Pokemon cards are growing faster than your retirement count. Questions about the war, just like we talked about recently a lot on our program. From the job market to the stock market to prices at the supermarket, Planet Money explains it all. Planet Money is a different kind of world where the complex economy somehow makes sense, where human stories supersede abstract theories so you you can learn, laugh and be entertained. It's econ, but just down to earth. The hosts go to unusual lengths to explain the economy. They've published their own book to track the global supply chain. They've shot a satellite into space to understand the economics of the private space industry. They've gone inside a live book auction to show how ideas get to market. It's the kind of show where you learn something, probably laugh and walk away seeing the world a little differently. And I think if you like crypto 101, you'll enjoy planet Money. So maybe check that out. Follow NPR's Planet Money podcast and understand how money shapes the world. When we started this podcast, it seemed like we had to figure it all out on our own. Scripts, set up, filming schedules, logos. It was super overwhelming and every day seemed to introduce a new decision that needed an answer. When you're starting off with something new, it seems like your to do list keeps growing every day with new tasks. And that list can easily begin to overrun your life. Finding the right tools that not only helps you out, but simplifies everything can be a game changer for millions of businesses. That tool is Shopify. Shopify is the E commerce platform behind millions of businesses around the world and 10% of all e commerce in the US from household names like us at Crypt Nation and the Crypto 101 podcast where you can get our book and merch to brands that are just getting started. Get started with your own design studio with hundreds of ready to use templates. Shopify helps you build a beautiful online store that matches your brand style. Accelerate your efficiency Whether you're uploading new products or trying to improve existing ones, Shopify is packed with helpful AI tools that write product descriptions, page headlines, and even enhance your product photography. Get the word out like you have a marketing team behind you. Easily create email and social media campaigns wherever your customers are scrolling or strolling. And best yet, Shopify is your commerce expert with world class expertise in everything from managing inventory to international shipping to processing returns and beyond. Start your business today with the industry's best business partner, Shopify, and start hearing. Sign up for your $1 per month trial today at shopify.com crypto101 Go to shopify.com crypto101 that's shopify.com crypto101. We are live, ladies and gentleme, welcome to a Friday special edition of the Rundown. Listen, there's a narrative right now that crypto is dead, but the data is telling a very different story. Since the war started, Bitcoin and Ethereum have been leading price performance along with the tech sector. And while retail interest in crypto is fading, the Wall street firms are still hiring for crypto jobs and buying the dip. So the real question is, is crypto actually dead or is this the next cycle cycle being built while nobody's paying attention? Like I said guys, this is a really special episode. As you can see we have our fearless leader, Bryce Paul here. Unbelievable to get him on a rundown on a Friday. And our newest team member who some have seen in the chat last week and if you're inside the community, you know him well by now. But a first ever rundown appearance for Hunter. Super glad you guys can make it. Hunter, I'm gonna go to you first. Welcome to the Rundown, my friend.
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B
Thank you for that introduction. Wow, we're finally here. It's been two months and I'm out here in the front lines now with the team with our fearless leader and our super producer. I'm excited to get into the topics today. Man, what a time to be alive. The market is moving and we are
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A
grooving and Bryce some awesome podcasts. I feel like the Crypto 101 podcast gets the builders in the Bear Market badge of honor because we have been pumping out some awesome guests with you and Brendan. But excited to get your takes here on what's going on. More in the news.
- [04:48]
C
Absolutely. I think we've definitely earned our Builders of the Bear Market badge of braggadociousness now we're able to say that we've gone through many bull and bear markets. You know, the podcast has been running since January of 2017. So we've been through the ups, we've been through the downs. And for anybody who says, you know, and you know, oh, we're not going to buy bitcoin because bitcoiners just got lucky. Right. You know, they're just, they were just early. No, we were early. Maybe we were lucky, but we had a lot of gall. We had some cojones to, to, to hold through many different 80% drawdowns, or where we're at right now, 50% drawdowns. And we're either completely crazy or we're philosophically driven. And I think we're a little bit more philosophically driven than we are crazy because we back it up with a lot of numbers and data. And so, you know, crypto is enduring another mini bare market, but this one is like, you know, there's so many institutions now in the market that they're not going to let this thing fall 80 or 90%. That was in the retail pre ETF era. And now we get these more stock market like drawdowns where they're more elongated by time but the price is not as dramatic. So, yeah, all that to say we're, we're clearly in a bounce right now off the lows of 60,000 where we were at in, I guess that was February 6th when the whole market collapsed and a bunch of, you know, people went bankrupt. It was crazy. Now we're up at around $80,000. And so you've got a pretty good, you know, twenty thousand dollar bounce. But there's still a lot of technical resistance ahead. So I'm sure we'll talk about all that. But long story short, I think we're in sort of this long term bottoming area, you know, between 60 and 80. Sure, we could still fluctuate around, but I think the, the, the case is really good for the, the rest of 2026. We've got a new Fed chair coming in who owns millions of dollars worth of crypto exposure across 30 different funds and projects and all that kind of stuff. You know, obviously wants rates to come down in due course, so we've got a couple of things to look forward to there. We've got the Clarity act. I don't want to spoil the whole show, but just to give people a little bit of a lay of the land, some things that we're looking at, I mean, by July 4th, the White House Says they want to sign that landmark crypto regulation bill that will open the floodgates to trillions. So there's a lot to look forward to when the prices are crashing. You got to take that long term view. That's what we do. That's why we've been here since 2017. And we're going to keep staying optimistic. We're going to keep, you know, researching and we're going to keep hiring the best and brightest. So this whole show is going to be about Hunter, the best and brightest of the future. But that's my little two cents up top.
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A
No, it's perfect. And, and for Hunter, there is a little. At the end of the show, we're going to just dive in. A little get to know Hunter segment at the end, but the markets are so hot that we just have to dive right into it. I see a couple people in the chat. Holy whales back. Brett's here. Brett from Oklahoma.
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C
All right.
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A
He's on a flight. He's watching. That's awesome.
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C
Starlink. I bet he's on Starlink.
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What anybody else there that's in the chat, watching live. Let us know where you're from. We love to check in to see where everybody's listening from. And CJ is on a flight, so he's in, you know, 20, 30, 000ft. So that's how we're going to start it. Let's start wide here, gents. And then as Bryce said, the technicals, we're gonna dive in and get down to the nitty gritty and go over some absolute winners that Bryce and Hunter have called recently over the last couple weeks. So let's dive into this. It's the relative performance something that we've been kind of tracking week to week on the show basically since the, this charts from Fun Fund, Strat and Bloomberg, basically showing technology, Bitcoin and Ethereum, your top three performers kind of at the end of February into March, kind of basically saying relative performance since the start of the Iran conflict. So obviously we've seen the technology market, the AI trade going, but surprisingly, as this whole bitcoin crypto is dead movement, there's, there's your two relative outperformers, Bitcoin, Ethereum. So what does this, what does this show you, Bryce? Is this something in your mind that kind of goes back to, that institutions are buying? Is this retail buying? How do you get this type of relative outperformance when it's, it's an area of conflict and half the people say that bitcoin's a store of value. I'm generalizing. But half the people say bitcoin store of value. Half the people are saying it's a risk asset. We're going into war. And bitcoin's outperforming and Ethereum's outperforming a large part of the other rest of the markets.
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C
Yeah, I mean, I always say, you know, you could have your view, but your view, if it's not doing what the market is telling you, then it's wrong.
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A
Right.
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C
And so clearly you have to look at the prices since the war began and Bitcoin and Ethereum and all the things that have sold off, you know, in Q1 and Q4 of last year, like technology, MAG7, you know, small caps and stuff, these are the things that rebounded the hardest since the war began. And so I think this just goes to show you, you know, sometimes people just try to find a narrative, but sometimes things are just technically driven. This could be just, you know, these coins found and these assets, you know, had been, you know, at great multiples and great valuations. And it just took, you know, sort of this geopolitical shock or this exogenous event to kick the markets into some kind of volatility. And these are where a lot of the supply had already been offered.
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A
Right.
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C
A lot of the supply had already been sold throughout the past six months. That's why they were down the lowest. So they had the, the most amount of reprieve. Once people realized, okay, you know, this, this whole, you know, shock here with, with oil, this isn't going to be a forever thing, you know, things will probably shake out for the positive over the course of the next few months for the west and for these different kinds of companies. And plus we're probably going to get rates lowered as, you know, things kind of progress. So that's one way that I look at it. But yeah, I think the question still surrounds bitcoin around, like, is it, you know, is it a geopolitical risk off asset? I think clearly no. In fact, right here you can see it's still tightly correlated with technology. And, you know, you just think about the cohort of people who are holding bitcoin are typically tech guys, you know, and so they're, they're tech guys that see this. You know, they've got the libertarian, you know, philosophy and stuff. But the overlap of holders is tech and, you know, in bitcoin more than it is, you know, bitcoin and gold or bitcoin and finance. Bitcoin is really born out of the tech movement. And so I think that's why you see those correlations go. And I do not, I do not think that this moment in time where bitcoin is now the best performer in light of this geopolitical chaos, I do not think that that validates it as like this digital gold now. And like gold is forever no longer going to be a part. Like gold's been around for 5,000 years. It's got a very specific, you know, use case and you know, trust and goodwill that it's built up over 5,000 years or 6,000 years or whatever. Bitcoins, you know, I think that was a catchy narrative in the early days. Like it's digital gold, but it's proving to be, you know, more than that. And so I think that it's, you know, it's, it's a technology play more, you know, of course a savings play. But it's just, you know, I don't think that this, you know, period of outperformance of gold during a geopolitical thing means now it's the new gold. I think it's got to work back up to that.
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A
Yeah, Hunter, feel free to add in on this kind of short term window of the relative performance.
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B
Yeah, I mean, so technology is the most volatile sector out there over the last 10 years. Last decade you could just buy the triple Qs, the NASDAQ ETF and you'd be up way more than you would have if you just bought the overall market or if you had had a diversified portfolio with bonds. And I think a lot of people notice it now. You know, everyone just wants to quick winners and whatever's most elastic for when it falls down bounces back up the quickest. And we're seeing that. And also because the nature of the next decade is AI tech. I mean that's the future. Financials and utilities and consumer staples. I mean that's boring. We're here for the tech, we're here for the fun. And bitcoin itself, maybe not digital gold, but it's really a proof of concept of how the blockchain can work in our future infrastructure. And so I just think no matter what, you're having a lot of earnings this week. You had AMD go up 20% stuff that's supplying chip manufacturers. This narrative isn't going anywhere because the future of our economy is going to rest and reside on AI and technology.
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C
But that's weird. Okay, one judgment anyway.
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A
That's a good point. There's that, that narrative coming back that I always see this on X, right? It's like, what, what currency is the AI going to choose? Is it going to be dollars? Is it going to be dollars on chain? Is it going to be Bitcoin? Is it going to be on Ethereum? Solana? I think that's a really interesting conversation where all this, you know, some of these AI companies and power and chips is going parabolic and like, does it eventually circle back into that crypto conversation of settlement layer, which I think is, like, kind of exciting to think about. I don't necessarily have the crystal ball with the answer of what that is, but I really like the position of
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B
where, you know, that's an interesting narrative, something I've been ruminating a lot upon. I don't know if it was an intended consequence of crypto, but there's this thought that the Internet never had its native money. And you think of just throughout all of history, we've had a bartering mechanism, some sort of medium of exchange to confer value between two counterparties. And so now crypto is kind of the medium of exchange between AI and AI agents, these protocols that now do work behind the scenes. And so I don't know if that was an intended consequence, but there is a huge value proposition.
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E
There's.
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C
Yeah, I, I just asked Claude, what if it could only hold one currency forever, what would it be? And it said bitcoin. And there's this long reasoning and so on and so forth. I'm curious if that's just because Claude knows I'm a crypto guy or if he would actually.
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B
Right.
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C
You know, give me that answer. If I had never searched for anything crypto related before. But if the AIs want it, they're gonna have it. I mean, this is, this is definitely, you know, AI is, is not going anywhere. It's going to be, I think, the main reason for all the productivity gains and earnings growth that we're seeing. People are able to do, you know, data analysis and MVP building.
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A
Right.
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C
Minimum viable product building and testing and AB testing. They're able to do so many more processes and operations on their organization, and they're able to, you know, save a lot of time and save a lot of costs. What will start to rise in costs is not their like express labor costs, but I think it's going to be the amount of money that they're spending on these freaking tokens. Not crypto tokens, but AI tokens. So they're going to have one software engineer who they're paying, you know, whatever $500,000 a year to. And that software engineer right now is using really a subsidized version of Claude code or Codex that has, you know, a really, really, really high rate limit, a lot of tokens, all that kind of stuff. So maybe they're paying a hundred dollars a month for this and they're like, wow, it's great. I'm getting all this amazing ability to use Claude code and Codex and I'm just so, so you know, productive and doing it for really, really cheap. Okay, that's a state in the market right now. In the future you're still going to pay that software engineer $500,000. But as OpenAI and Claude really need to monetize and raise revenue and, and you know, basically make all this money, they're going to do it through the pricing power, right? You've got these engineers who've got all their systems set up. It's like the first hit is free, like the drug dealer sort of the first hits free. You come into our ecosystem, you input all your data, you're going to be doing it for cheap. In two years down the line, trust me, you're not going to be paying the same amount of money that you're paying right now for your Chatbots subscription or your cloud subscription. Look at Netflix, right? They started at $4 or $5 and of course they added things over time, but now you can't get a Netflix subscription for under 20 bucks. And so it's like, I think that like people, like a lot of like money is just going to be going to, not people labor but actually like I, like I'm be getting paid and of course they're going to be, you know, these companies that are going to be getting paid for the AI, but I think that's a long winded sort of way. But the, the composition of like all this like labor and productivity, it just is completely getting deconstructed. You don't really know what's what. So I think there's going to be a lot of volatility as this sort of switchover goes. I think it's going to be something that the Fed Chairman is really going to need to focus on is, like, how we parse this data. What kind of, you know, communications do we do? What's the right things to be tracking? You know, AI is just going to be a huge, you know, inflection point on all these businesses. And to put a point on that, you're already seeing companies like Coinbase just this past week lay off 14% of their company, or 700 people, claiming essentially, AI is now doing the job of all these engineers. We're able to have one engineer do the job of 10 engineers. And guess what? There's less people issues. There's less, you know, a million things you could go down the reason. And so it's just interesting to see all of this play out. So, anyhow, let's.
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A
This is what we do in the rundown. You never know where we're gonna end up. Hot, hot takes off the press right here, fellas. Coinbase fires, like Bryce just said, a large number of their staff say, and then they have their earnings call. Brian Armstrong lays off how, you know, X or, sorry, AI is the future. And Coinbase is an AI company and we're cutting costs with AI and, you know, people. The average human doesn't like to see large layoffs. And then you go down, you say, okay, well, what has Coinbase spent on their, you know, spent in the last couple years? I know they bought, like, the podcast platform for, you know, tens of millions of dollars, and they bought a bunch of different other companies for a couple billion, and that hasn't really leaked into any business growth for them. So people are like, what are you spending all your money on a podcast for and then firing your staff? And then I saw this kind of. They announced this on earnings that they bought. They bought some bitcoin. So is this. They obviously, they hold way more cash on their balance sheet than bitcoin. My question to you, let's start with Hunter. Is this. Is this a belief in bitcoin buy for Coinbase or is this a PR
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B
stunt by having more cash than. Than bitcoin on their balance sheet?
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A
No, by buying bitcoin. This week, they bought, I think it was like, $88 million worth of Bitcoin because they were getting. They were getting cashed online, basically.
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B
Right, right. Well, it kind of coincides with Saylor and him saying that we're just going to sell a little bit of bitcoin to inoculate the market so that if we ever have to do it in the future, everyone's going to be okay with it. It was Just, it's okay. It's just a little quick little vaccine, virus, whatever. But no, Coinbase I think is here. They've proven that they want to be here for the long term. I mean, they wouldn't be building out a blockchain and, you know, Coinbase Ventures and then they have X4O2 that's doing a bunch of AI agentic stuff. I don't see. I mean, I could imagine, you know, during a time like this where the market's down a little bit, you want to help prop up the market because that'll help up your treasury with every, you know, the digital assets you have and your banks that you might buy a little bit more. But other than that, I, you know, I think they're pretty fair across the board with their. And with their belief. I mean, they're one of the OGs in the game. I don't see really anything they do is something to just be. Yeah. You know, naive to the market.
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C
Yeah, I would say, like going back to the early days of Coinbase, they used to just be like only bitcoin. So a lot of the bitcoiners liked them. And then they added Litecoin and Ethereum. I believe it was 2015, 2016, 2017. In those kind of years, they really started to go full bore on altcoins and they started talking really positively about donating all of their, you know, to the Ethereum foundation because there was. They didn't want to donate to Core. And then they notoriously supported kind of the bitcoin cash airdrop, which was really, really a crazy period in August of 2017 when Bitcoin had a contentious hard fork. And if you held one bitcoin after the fork went through, you now held one BTC and then one bch. And then the whole market was like, well, what's the real one? Now I have a copy of both and it was mostly traded on Coinbase.
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A
Right.
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C
And they supported this fork. And I remember there was, there's periods when, when bitcoin cash was, was more valuable almost than. Than bitcoin core. And there was. So they got a lot of flack, a lot of hate for that. And they just, you know, really didn't invest much in the bitcoin ecosystem, even though they got their whole start off of it. So they've gotten dragged publicly for all of that stuff over the years from crypto people who have been more philosophically driven as opposed to market driven. And like, you got to realize this guy, Brian Armstrong has got to run a company. He's got to make profit margins. He's got to skate to where the puck is going, not to what it used to be. And clearly the market demanded prediction markets and NFTs and altcoin trading and derivatives and like all these other things that they're doing and they're accelerating in. Whereas like, you know, the OG bitcoiners who have a lot of clout and so they're able to stir up all of these online, you know, debates and virality and stuff. I think this is kind of a tongue in cheek, like, all right, guys, we're going to do a little something for you here too.
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A
I agree, I agree, I agree. Because they were definitely getting dragged just in general, like, just not buying bitcoin over the years. And then they, they had a tough week on X. I'm our, you know, I'm always perusing on X tweet and seeing what's going on. I saw, it's a fair amount like going after kind of the operations and some decisions and you know, I think Brian Armstrong sold 500 million in stock, you know, over the last.
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C
Yeah. Was that, was that real? I want, I want to double check that one because I saw that circulating, Claude. I mean he sold a lot of stock before.
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A
Yeah, well, you got, you know, you got to sell your stock. You can't, it's, it's, you got to make some money, I guess. But he's, he's also been a leader in the Clarity act and we'll get to that later. So, you know, he's, he's, he's definitely
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C
in a leader and also a, a stickler on one point that really benefits his business that he's been saying we're not going to support it unless we get the stable.
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A
He was the first one to set to go against the Clarity Act.
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B
Right.
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A
And I think he got, he got a couple phone calls. Yeah, sorry, go ahead.
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C
No, no, you're right. I think he got a couple phone calls. I said I think they're gonna work it out.
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A
Well, let's, let's move on. So I think we gotta follow, basically we're saying in here is where's, where's the money going? Right. The belief is that the future is on chain, the future is in crypto. And so, yeah, there's, you know, there's obviously retail euphoria we've seen over many cycles, but what's happening right now, who's buying right now? And if you've turned tuned into the show over the last couple months, we've been Showing you the flows, the net inflows of the Bitcoin ETF has been, has been great. And it's like, okay, well who's buying that? Is it retail versus institutions? And then what is Wall street doing? What are these institutions doing? And they're hiring guys. J.P. morgan, Morgan Stanley, BlackRock, bank of America, Citigroup, Fidelity and Jefferies, we all know those names. They've been around in finance and living on Wall street forever. And they're all hiring digital asset positions. Director of digital assets, senior lead, software engineer, digital asset teams, equity research, credit, crypto and digital assets. Like this is my point of when Morgan Stanley launched their Bitcoin ETF and they don't have a ton of ETFs at Morgan Stanley and the BlackRock one. And then hiring all these people. The point that I've kept hammering home to the listeners are, is that these firms don't invest time, people, capital and products just to do this for three, six months a year, two years and be like, ah, that didn't work. We're out. This is, this is laying a foundation of work that, that isn't going anywhere. So I wanted to get your take Bryce on. When see these type of names start hiring, when, when, you know, two, three, four, five years ago, you can pull that clip of Larry Fink saying it's, you know, bitcoins for criminals and terrorists and JP Morgan and Jamie diamond, friend of the show Jamie diamond, saying, you know, it's a pet rock. Like bitcoin's a pet rock. And now he's hiring digital asset teams. So, you know, is this bullish to you? What do you, what do you take away from this?
- [28:20]
C
Yeah, this is certainly bullish because it affects the psyche of the, let's call it the older generations, the people who are now 40 years plus, or even my parents, which is the baby boomer generation. So they have all of their wealth with financial institutions like the ones you see on the screen, whether that's JP Morgan, Morgan Stanley, BlackRock, bank of America, Citigroup, Fidelity, Jefferies, what do they have with these guys? They've got the trust. Okay, so my parents generation doesn't inherently trust Bitcoin or Coinbase or any of these other things with hundreds of thousands or millions of dollars the way they would an institution like this. So what we have here is a classic case of certainly the, the innovators who initiated this whole movement are not on this list because they've already, you know, been hiring these people. Right now you have the incumbents that are saying, okay, innovators, you started this trend, you've proved it out. Now we're going to throw this thing into hyper growth mode. We're going to put our public, you know, balance sheets behind this. We're going to raise money, we're going to, you know, do all these things. Oh, and by the way, we have the customers trust who have all the money. Because our generation, hate to admit it to everybody, doesn't have the money. Okay? We don't have the juice. The, the boomers have the juice right now. And so there I think I saw something like a 60 trillion dollar wealth transfer over the course of the next 25 years from boomers to millennials as they inherit, you know, all this estate and stuff. But right now, our generation, because again, the boomers have the really low mortgages, the really cheap houses, they've been the beneficiary of the stock market compounding over the past 30 or 40 years, they've got all the money. And so the fact that all of these institutions are now saying, okay, the new, the new folks, the young guys, they proved out this new technology, it's really cool. We've now safety tested it, we've done qa, we've got the, you know, investment case. Now we're going to go full bore into it. That's good for everybody who's watching this show who owns cryptocurrencies, because there's a, a tidal wave of money out there that has never once accessed crypto before, that is about to access crypto. They're going to be doing it through these names. They're going to be shaving off 1 percentage point or 2 percentage point of their 10 million dollar estate or their 10 million dollar brokerage account, 1%, 2% of that. And they're going to go market by Bitcoin ETFs, they're going to go market by, you know, bitwise's, you know, indexes and all that kind of stuff. And, and it's going to drastically drive up the prices. I think not financial advice, but I think it's going to drastically drive up the prices of the top cryptos. And that's also going to then be the point in time when sharp hedge fund traders and sharp individuals or family offices will sell the strength, right? They'll sell, you know, as there's this great demand, they'll sell their Bitcoin or their Ethereum, their Solana, because people are paying the exorbitant prices, they'll book some profits, they'll rotate further out the risk curve get some multiples on the small caps, the micro caps, the meme coins, the NFTs, and there's going to be that whole big news cycle again. Except this is going to be the biggest cycle in terms of notional value. It might not be the biggest price move in price bubble that we're going to see in terms of percentage points, because it's a lot easier to move a $1 asset like Bitcoin to $100 than it is to move a $100,000 asset to $10 million. And so it's probably not going to be as high of a percentage move. But these guys are going to bring in the money and it's going to be a more sustained run. So you can't, you can't really get more bullish than what we're looking at with them building out their entire suite of products and hiring all those people. It just, you know, it screams that we just all need to be patient here. Let them build, let them build.
- [32:26]
A
And then kind of what you said is a great point on Bitcoin, like, hey, Maybe that when 10, 20, 30, 50, 100x is especially the 100x isn't there anymore, but you could still do a 10x to a million pretty quickly, or especially with your scenario of that funneling down of assets and piling into bitcoin at a 1 to 5% ratio, which a lot of these names are starting to recommend now that of course they have products and want to sell you those products. But there is still a lot of juice in the markets, if you know where to look. And that's the cool thing about this podcast, right, is we, we kind of do this. We want to give you the high level of what's going on. And people, we kind of bring on Brian and Momentum Money Makers or Brendan and his calls, and we kind of go over some winners and kind of introducing Hunter here. I thought it was a perfect time to bring him on because Hunter has a segment in our newsletter called Coin of the Week where him and Bryce and the team kind of, you know, get together and kind of look at some, maybe some assets that might be moving sooner rather than later where the quote unquote, juice might be. And I wanted to bring on Hunter and Bryce to show you, you know, people always ask, what's it like in the community? What's it like in the community to get the newsletters from Bryce Roheed, Brendan Hunter, the momentum money maker, guys. So that the kind of this episode today for this segment is kind of give you a Look into what that's like and if you're interested and you like what you see and you want to get more involved, there is a link in the show notes to join VIP and you get more of Bryce, VIP calls. You're going to get more of Hunter, more of Brennan, more of the entire team. You're going to get our newsletters and tons of awesome things to continue learning and growing on your crypto journey. So take a look at that. The VIP link is down there and if that's not for you, we have the $1 trial. We also have the free book which Hunter has on the, on the, on the back there, like that little product placement there. Hunter free book in the link as well. And then one final ask before I hand it off to Hunter to open up the charts is we have over 100 people right now, which is awesome. Really appreciate everybody joining. Give us a like. It really helps me, helps me. You guys know how passionate I'm about our YouTube channel and podcast. Give us a like and if you're new here, bottom right, you'll see our logo. Subscribe and join us for more because you're going to want it. Let's hand it off to Hunter. Hunter, you've had some absolute winners along with Bryce and the rest of the team for the coins of the week. And I know you wanted to share a couple of them and pull up the charts.
- [34:40]
B
Certainly. Let's do some wonderful TA here because it is a perfect day to do that right now.
- [34:47]
C
Oh, you already got the charts. I just wanted to make one note on, on the Brian Armstrong coinbase shares that had been a sale because I was looking into that a little bit more. He had sold those $500 million worth of shares since April 2025 through January 2026. And it was a pre disclosed, pre arranged sale over the course of those eight months or so. So it wasn't like he just this morning woke up, sold $500 million and is starting, is going to go, you know, dump the country or the company and flee the country just so people didn't get a little scared about like, oh my God, I own coin. Like, did he just really sell? Anyhow, I'll throw it back to you.
- [35:29]
B
Wonderful. We'll start it off high level with bitcoin and where we're at, why we're here, where we're going and what's next. First things first, if you just look at our trend line, from the overall high to the low, we've already broken out of that. Okay, so that is Already a trend shift in and of itself on bitcoin. Even if you move it to logarithmic, you'll see that we retested that trend line. So that's something on bitcoin I've been watching a lot was when we were going to break out of this trend line. We did that and now we're looking for more continuous upside resolution here. I want to let you guys know that the level we're at right now is one of the most important levels of the really this whole year. If I take your eyes back to our last having date, which was April 20, 2024, this is an anchored V wall. From that day, you'll notice it's been used as support once back in 2025, support at the end of 2025, and then we broke through it. Well, it's sitting at around $84,000 right now. And we're coming up to that level just pretty much as of this week. This, for me, this level right here is going to be really where the trend shifts back into maybe full bull. Right now everything is a little bit, you know, a little bit cautious, but cautious optimism. That being said, if we just look more locally here, you'll see that this leg right here is coming up into the 618, into the $83,000 level. If we add on our moving averages the daily, you'll see this yellow 200 daily moving average is also coinciding with the golden pocket. We call it the 0618 to the 0.65 on the Fibonacci retracement. And if I add this parallel channel from, from our, this rising channel right here, you'll see we hit the top side. So a lot of yellow right here.
- [37:16]
C
This is kind of a key resistance area that might offer some lower prices. But if we do break above, maybe whatever this top range 85k, if we start to break above and hold that, that could be a really bullish sign that we're going to potentially have a monster move.
- [37:34]
E
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- [38:04]
D
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- [39:04]
A
Right?
- [39:05]
B
So you imagine you retest the midpoint of this channel. You come up, you break through that level. This gets retested. Now, all of that volume that was used as resistance for the last two years from the bitcoin having becomes support. And that is the impetus for the real. Like, that's when I would want to add risk from, like, more risk than I would down here, because there I get a little bit more confirmation that things are shifting to the upside. And then, so we have that, and then we also have the anchored vwap volume weighted average price for you guys out there probably have heard of it, but it's just the volume weighted average price. You can choose where you want to anchor it. And we also have that, which was resistance back in early 2026. It's also right here as well. So you can see how important, how technical this level is. It's not random at all. And then also, if you just want a little bit more juice here, the. The Fibonacci retracement from this last impulse to here was right up into that level, the 618, just like we're coming up into right now. Now, that doesn't mean that that's going to be the impetus for all new lows or whatnot. It's just that we want to be cautious that this is a very technical level. And then if we do get a move above this, you could probably see with how funding rates still are negative, we could get a possible big short squeeze up to 100k is what I'm kind of looking at. So bitcoin, just on the short term, is this is where we're at and then I'm bullish on bitcoin. As long as I take a volume profile just from the low to where we are now and I take some of this other stuff off so it gets cleaned up. It's really as simple as this. This is all of our volume. Since we've moved from the low to this high, as long as we're above around 73.5, which is this prior low around here, then everything we. Every pullback is really healthy. And I'd be looking for a possible long opportunity to get upside resolution. Another thing to take note of is that the high right here never hit 83,000. We usually like to see those psychological hold numbers get hit. So I imagine that will get cleaned up. So any pullbacks down here are still conducive for upwards price movement on my end.
- [41:20]
C
Love it. Super sharp.
- [41:24]
B
Yeah. So I suppose we should also just look at eth2 real quick. I'm sure people want to see eth eat. Exact same thing here, but a little bit lackluster over the last few weeks. But same thing with the trend line break. All right, that was a big thing. We had hesitation right there around April 12th and then that bullish engulfing candle to get resolution over it. And if I put it on logarithmic, this is the only thing that worries me is I showed you on logarithmic the trend line was used as support on Bitcoin, but right now it's actually being used as resistance on Ethereum. So Ethereum a little bit weaker than Bitcoin, which makes me think it's going to get a bit of a deeper pullback. Where to? Well, I posted this in the community as well. So, you know, another thing we post, we post charts also throughout the week of maybe possible long entries and whatnot. And this was one of them is I'm just looking for once again, this whole volume. You can see that there's a big node right here around 2318, right where we're trading as it's coming below this trend line, which could be used as resistance, which makes me think we might get a deeper pullback into about 2100 where we have the anchored vwap from the low, this orange line lining up with this golden pocket Fibonacci retracement at the 618 from this last low, this structural higher low up to the high down to here. So I'll be looking for possible move in Ethereum for here, which would be good for accumulation for another big move up here. Because one thing you'll notice about Ethereum on the daily has not even reached the 200 simple moving average. And from there that would be about a 26% move. Of course, it'll come down a little bit, so let's call it 20 to 25. But a lot of opportunity if this does pull back. Still not bearish overall on it, but it is showing that if ETH is a little bit sluggish, then some of the altcoins. We've talked about this kind of popcorn market where some altcoins are really moving up fast, some are still a little bit subdued. So you might, you know, you might get a little bit of reprieve in that regard. But nonetheless, we do have some diamonds in the rough. And these are some that we have spoken about throughout Coin of the Week over the last few weeks. One of them that is moving extremely strong today. It is the number one mover on coin Gecko. If you look for the daily, daily is ondo.
- [43:55]
C
Okay, so markets, man, look at that. That was our Coin of the Week.
- [44:00]
A
And hold on, before we, before we do this, because what a call this was, I believe from this week.
- [44:04]
B
Correct.
- [44:05]
A
If I wasn't mistaken. Tuesday's newsletter. Yeah. So, Bryce, could you just explain to the audience kind of the thesis of Coin of the Week before Hunter.
- [44:12]
C
Hunter, take that away.
- [44:13]
A
He's been.
- [44:14]
C
He's been owning it.
- [44:16]
B
Right. So Coin of the Week, you know, we. We have a newsletter that is produced by a lot of our smart analysts that will talk about a certain theme that's going on in the market that we're very interested in. And that'll usually involve certain protocols, may maybe multiple. And a lot of times we like to tie the Coin of the Week to some of that theme, but not always. But it's really just coins that we are really interested in that for the long term, but that might be showing actual time to buy, like, you know, was time to get in now, like over the next few weeks, because we want to be set up for that position. I mean, maybe it'll happen a few weeks after, but it's like we've noticed a signal. We've seen the trend shift and it's, you know, we want to highlight these coins so that our constituents, you know, our patrons out there, have ample time to possibly get into a good, lucrative long position.
- [45:06]
C
And it tends to be a combination, just as kind of playing off what Hunter's saying, a good combination of both technicals, like technical analysis, like the charts, but also the fundamentals, and trying to line up both you know, whether there's a big catalyst coming that's lining up with a good chart breakout, whether there's, you know, a new partnership being announced or a new product release like this just got announced that they had at the dtcc. So there was some fundamental reasonings, but also the chart had a very compressed volatility structure. It was at the bottom kind of back to its double, double lows. I mean there was a million things. The two, the 20 week moving average, everything kind of lined up. We're like, hold on, like this thing, you know, fits the bill. It's got an accumulation low, you know, it's breaking above the 20 week. It's got a great, you know, partnership set up and catalyst set up. So that's a little bit of like just how we think about, you know, putting this together.
- [46:03]
A
Right.
- [46:03]
B
Well said. Yeah, it's fundamental and technical and that's really the bread and butter. You know, if you have both of those synchronized, synced up, then that's when you find those, you know, these gold mines, the ones that's when you're dangerous, that's when they lead the market. You know, going into a Friday, I mean I get here at the team, we couldn't celebrate any better than up, up at the highs on a Friday. So. Yeah. So Ondo here, you know, this is something I expecting to continue going up higher and higher. I really don't have to make it much more difficult than this. Just take a, you know, volume profile from here to here and you'll see that we're kind of in this whole low volume area and we don't reach high volume until back up until the 70s. I don't see why this doesn't reach up until 60 to 70. You know, still, it's still gonna. But that being said, we always like to preach caution and you know, we don't want to throw you into the fire right when everything is, you know, people are exiting or anything. But you know, you do have to be wary that we're at the highs and it's more prudent to look for pullbacks to get involved if you're interested in. So I'd always would look at our moving averages, our 20 or 50 or 200 and kind of cycle down lower timeframes if you're interested in getting in and just kind of wait for a retest of any of those if you are still looking for a long opportunity. But other than that, yeah, Ondo, amazing winner today. Great fundamentals breaking out of a three month consolidation right here. So really, you know, it's, you know, getting above all these highs right here, hesitated a bit and then boom, just off to the races. And this is after it spent 500 days from its all time high over $2, coming all the way down to 20 cents and just right on time with the market and everything. And this is also what bodes well with the overall market. We're seeing stuff like this, stuff that is very important for the infrastructure of blockchain because this is how we were just talking about blackrock, JP Morgan, all this. That is the financial side, like the financial engineering side of this. This is the technical, like the, the actual technological infrastructure, how we're going to build on chain with these real world assets. So an amazing call right here. Amazing to see this moving beyond that. Another one that we absolutely called right at, right on time. I'm sure some of you guys might be familiar out there with some of the defi decentralized finance stuff that happened a few weekends ago regarding a malicious actor in AAVE and draining about 290 so million dollars worth of assets by being used as bad collateral. What that impacted was some borrowing and lending platforms. All right, so there are platforms out there that you can go, you can go supply your Bitcoin and then you can borrow against it and then use that capital elsewhere. You know, just like you could with, with your stock. You can have your stock, you know, allow it to be shorted by other people and you get a, you know, a fee, you get an interest rate off of it. So same thing, same concept, just trying to unlock liquidity. Well, Spark SPK is in that arena of borrowing and lending. You know, Bryce, I know that you guys spoke with one of the guys over there in the protocol and this was one that we called right about, right around here before it broke out, right when it did kind of break out of the highs and then retested this 26 cents. And then right after that we got an amazing 135% move all the way up to the high. And actually this was the second target we had shown in the coin of the week, writing that this was the, the actual exact target. So you would have hit Target 1, Target 2, aptly so because it pulled back quite a bit. And this one is still geared for higher. As we've moved into the daily 20 SMA, we'll see if we get some more upside potential. But this is another example of how the fundamentals and the technicals really align to bring a diamond in the rough. And so we're a big fan of this one and hopefully get some more upside here. And then just one more that is also moving. And this is one that we actually wrote about about a month ago. So this is what I was talking about. We like these coins for the long term, and sometimes the setups take a little bit to play out, but lo and behold, now it's time to shine. And I mean, just from we were talking about it.
- [50:45]
C
What's that beautiful chart?
- [50:47]
B
Beautiful chart. I mean, you see these moving averages, all coalescing, and then it's retested the daily 200 yellow here multiple times, and it squeezes up, you know, and then just with, with. With momentum and magnitude, it's already up 50% from that, up about 19% today. So up there with Ondo. So two calls that we wrote about very, you know, within the last month. Ondo being this week, this one about last month. This is another one that has fundamentals and technicals involved with it. Akt, otherwise known as a Kosh, is a AI compute depend project. So decentralized physical infrastructure network project where they kind of buy and sell compute for people that, you know, want to offload some of their bandwidth from their GPUs. You know, they. They kind of build a marketplace for people to do that. And it's really big during this AI economy because people are using, you know, chips and GPU and bandwidth like crazy. I mean, that's the bottleneck and the future.
- [51:54]
C
That's what I talked about at the, at the outset, right? These, these engineers, online developers, right? They're demanding these tokens, right? And. And these tokens are sort of what people are using to pay the AI to process all these different things. And so Akash and Render is another one that's kind of right at the epicenter of all this.
- [52:14]
B
Yeah, Render, another great one we've talked about. And you can see it's starting to kind of get. It's also the exact same pattern here where it was squeezing right here. And now Render is about to get its moment in the sun. I'd imagine this starts moving up back to these highs. So that's part of the AI narrative that's going on right now. But just three calls that we've talked about on Coin of the Week and many others, of course, but just three wanted to highlight because it was aptly so to do that today with just how the market's been. But yeah, TiVo, that's awesome, man.
- [52:48]
A
Thank you for breaking that down. And again, that's Coin of the Week. It's all part of being inside the community. So if that kind of next level of information something that you're interested in, there's a link below. It's the VIP program here at Crip Nation. You get, you know, the newsletter that has coin of the week in it. You get VIP coaching calls with Hunter, with Bryce, with the entire team. It's just, you know, so much more to be involved. Instead of getting, you know, the rundown or where we can't really break down in depth the calls, we kind of do more the macro news. So if getting into the calls and the price action and the TA is more what you're looking for, check out the link. It's super, super fun and you get more of us, which, you know, what's not to love about that? I wanted to give a shout out to the chat. I mean, it's buzzing today, boys. We're all over the place, hundreds of people. We got people from Arizona, Oklahoma, Tennessee, dare I say on a vineyard in Canada, somebody's working and listening on their phone. I saw somebody from Nigeria. We're worldwide today. Really appreciate everybody joining in. Again, check the links to support the show and if that's not something you can do, at least give us a thumbs up. We want to see a hundred thumbs up for this episode. We're buzzing today and if you're new, bottom right, hit the logo and subscribe. Something that we want to move along to. If Hunter, you could stop sharing your screen. There was a clip that was circulating around. I saw it on TV. It was VanEck Vanex, Matthew Siegel. He kind of had a breakdown of bitcoin where he thought the current state of bitcoin is, and then a quite lofty target of $1 million per bitcoin. So it's something that we're going to want to watch here. I trimmed down this clip. It's going to be about a minute 20. So he kind of gives a little macro take. He ties it exactly to what Bryce said of how bitcoin's kind of trading in the tech market, but then elaborates on his million dollar price prediction. And then we'll, we'll react to it on the other side. So let's take a listen along the way.
- [54:39]
F
Right now bitcoin's correlation with the NASDAQ has actually reached a five year high. So a lot of this is a macro move. And what keeps us encouraged even at current levels is that we're not seeing the froth in the derivatives markets. If you look at the options markets, the futures markets, to us it still looks like this is a short covering rally, which means positioning is negative. And so we're feeling pretty constructive. The big move is really in the miners today. Those are the stocks that are up, you know, 5% plus hut 8 is up 30%. That's a Bitcoin miner who's pivoting to AI. There's a really virtuous cycle going on right now between the convergence of AI and Bitcoin. So that's where we're really trying to play with our Node ETF, which, which has had a good run.
- [55:22]
B
You said $1 million in Bitcoin, which is at 80k now.
- [55:26]
F
Yeah, I mean it's going to take some number of years.
- [55:29]
B
How many years for that?
- [55:31]
F
Maybe half a decade, I think is possible.
- [55:34]
B
Five years.
- [55:35]
C
Yeah.
- [55:35]
F
When you look at the demographic trends and the intentions of young investors to allocate to Bitcoin, it's going to be like the video game industry where 30 years ago it was just kids playing video games. Now Elon Musk plays video games. People don't quit. They also don't quit Bitcoin. And we now have the first central bank buying Bitcoin for its reserves. So this is a megatrend, but it's going to be very volatile along the way and we're trying to smooth out some of that volatility.
- [56:01]
B
Okay, that's a big jump, but we'll see. Five years time.
- [56:05]
A
Matt Appreciate kind of sounds like exactly what Bryce said 20 minutes ago for all the trends. So Bryce handing it off to you to get started and we'll just kind of kick around that.
- [56:17]
C
Yes, if you have. So he's calling for a million dollars within five years and I was running the math a little bit before we hopped on and a million dollars over the course of five years from a starting point of $80,000, where we're at today would be a 65% compound annual growth rate. Okay, so that's pretty substantial 65% compound annual growth rate. Hunter, maybe you could look up what Bitcoin's current CAGR is. I'm not sure if it's 65 or if it's. If it's around there. I do know Michael Saylor has talked about a 35% compound annual growth rate for Bitcoin's. I mean kind of terminal value or its kind of long term target is a 35%. So I said, okay, well what would 35% compound annual growth rate starting from $80,000 look like by 2031 when this million dollar price target that would put us at a $364,000 price target for bitcoin. If you use Michael Saylor's long term number of 35%. If you use Vaneck, who by the way, Vaneck, their group didn't just fall off the turnip truck. They've been in markets for you know, 30 years or longer. They've got $200 billion of assets under management in some of the best ETFs. And so they're not just again, willy nilly saying all this stuff for him to say, you know, we think a million dollars per Bitcoin by 2031 as possible. I mean it, it carries a lot of weight.
- [57:53]
A
So I just want to pause real quick, I'm in little shock before we continue the conversation. Absolute shout out to Anna. A $100 super chat.
- [58:01]
C
Wow.
- [58:01]
A
That's a crypto 101 first. Somebody's really enjoying the show.
- [58:05]
C
Holy smok.
- [58:05]
A
Thank you so much.
- [58:07]
C
I think that's our biggest super chat ever.
- [58:10]
A
That's a 5X or I think it's like a 5X. We got like 10, 20.
- [58:13]
B
I think that's a 65% CAGR right there.
- [58:16]
A
That's on. That's unbelievable. Thank you.
- [58:19]
C
Barrera is our new favorite customer.
- [58:24]
A
Hero, absolute hero. Thank you so much. Anna. Sorry, sorry to cut you off. Hunter, were you jumping in there?
- [58:30]
B
I was just saying that's a 65% CAGR, but I looked it up and actually over the last 10 years. So just let's not use kind of the outlier of the beginning of inception. It is around 67%. So.
- [58:41]
C
Wow. Okay.
- [58:43]
B
Yeah, so I mean it's in line but you know, it's hard to believe because as it matures in the mature markets you would think that the growth rate kind of subsides a bit. But you know, I always like to say on a rolling five year basis I'm extremely bullish. So wherever that lands me in five years it'll be a good spot. But a million, you know, sometimes I take that, you know, let's be careful with the price targets. But maybe the optimism is what's really most important.
- [59:15]
A
Right? Question, question he was talking about. Hut popped on the mining, kind of changing to AI. I know Riot and somebody just announced something with Nvidia. It was maybe hut. Was it HUD or Riot? Somebody did. I have a question. Overall. So as a couple of these bitcoin miners transition their power supply to going down the AI powertrain, does that leave kind of a void where maybe there's not as much bitcoin being mined down the line as well and kind of that five year window, these miners might just follow the money and completely stop mining bitcoin or you know, it's going to leave an opportunity for a fewer miners to mine and that leaves the price going up to make it worth it for the power. Is there any? Is there any. Is it too early in that storyline or is that something that, you know, we can start thinking about maybe?
- [60:08]
C
Great question, Hunter. I'd love to hear your thoughts on this one. I don't have a super solid answer other than bitcoin mining has gone through many different phases and stuff over time and it's sort of two week difficulty adjustment algorithm that it targets really corrects for a lot of these aberrations in mining power. How much mining power is sort of, you know, pointed to bitcoin. How much mining power is, you know, not pointed at it is changing over from, you know, BTC mining to I don't know, AI stuff like that. So I think there definitely will be, you know, pressure as, as you know, on bitcoin miners like where they're, you know, putting their power and energy as the prices of AI mining goes up, if you will, or providing compute to AI inference and AI training and all that stuff. What needs a lot of compute. But I think the price of bitcoin will always, you know, be the incentivizer to say, okay, it's getting a little bit too expensive, it's getting a little bit too cheap and the miners will point back to mining bitcoin once it gets too cheap. So it'll be something definitely that, you know, I should do a little bit more research on because it does seem like there's a lot of like, I know Galaxy just announced that they're or not just, but like last year announced that they're moving some of their public bitcoin mining infrastructure and data centers to becoming, you know, AI specific ones. I think you said Hut eight or some of the other Riot marathons. So I think to one extent Nvidia,
- [61:46]
A
Nvidia now has a partnership with, with Iron.
- [61:49]
C
So. So to one extent that increases the optionality of the company's value. Right? Because they now don't just have to be beholden to bitcoin mining and bitcoin prices and they could actually be more flexible as these, you know, providers and stuff of, you know, bitcoin mining, AI inference, RL training, whatever they're going to do. So I think it in a sense strengthens the case for bitcoin miners and there's a great ETF out there as well, called wgmi, the Coin Shares Bitcoin Coinshares Bitcoin Mining etf. Let me just double check. Wgmi, the Coin shares. We're gonna make it. Exactly. It is a play on the words of the, of the meme wagmi. We're all gonna make it. Which was like big in, I don't know, 22 or something like that, when everybody clearly did not make it through the, the FTX implosion. But I, I would check out that, because that thing is also showing, you know, really good price structure, as if people are accumulating bitcoin miners. So there's a whole nother science that kind of goes into evaluating these, these equities. Something that we should definitely cover a little bit more. But that would be my shout out there. Wgmi, if you just want to get general price exposure to bitcoin miners and their conversion back and forth to AI mining and bitcoin mining.
- [63:14]
A
The actual funny, like, comedic side to this story, if it completely loops, is people stop the miners, stop mining bitcoin to chase the AI power and the profitability there. And then the AI chooses bitcoin and then the miners come back and the price skyrockets. That's a good storyline. That's a five year storyline. That's a million dollar bitcoin. Hey, maybe, maybe we're solving the most
- [63:38]
B
ironic story is like the one that becomes real. Kind of like an Occam Razor type thing. But it's the irony.
- [63:45]
C
Ironic outcome is the most likely.
- [63:47]
A
Yeah. So great conversation. We're already hitting against the hour here, so I want to move us along. One more topic to kick around, then we'll get some hunter hellos and then we'll get out of here. Clarity act, fellas. Bryce, we haven't really gotten. I know on the podcast it's come up a little bit, but we've been covering the poly market odds here on the show really all year.
- [64:07]
C
And funny enough, it was 65 last night when I checked.
- [64:11]
A
Yeah, right. And so we actually had a couple shows. So Brendan and I were live on air and. And it was this day, it like dropped from, from 45 to like 37. We were live on air. We were like, what's going on? And I think it was just, you know, some little headline and we kept saying like, oh, well, I, I'd take a flyer on that. And then it popped back up and then we came back down. I think down here we were. It was the week Brian And I were doing a show and we said the same thing, like, all right, anytime it goes under 50, we would probably take a flyer because it felt 50, 50. And now recently, that's completely shifted. As you can see, we're back up to 71 tons of momentum coming out of D.C. coming from the crypto companies. The banks seemingly got a little bit of what they wanted with the stablecoin yield. The crypto industry seeming like, okay, well, at least there's some guardrails. Kind of feels like a classic negotiation. Everybody's walking away wishing they got a little more maybe, but wanted to get your take on.
- [64:59]
C
Hey, I mean, I think you said it exactly. I mean, this is a negotiation between the banking lobby, who has entrenched interests, and incumbent sort of fiduciaries that don't want to get disrupted and that have funded them and so on and so forth. And a lot of those people are in the pockets of the big banking Senate lobby, you know, the likes of Sherrod Brown or Elizabeth Warren, some of these other folks who have been really at the beck and call of the big banks for years and years and years. So I think that this is a whole different world of people donating that are crypto guys. They're fighting for a completely different future that the banks are fighting for. And so I think, again, you're not going to have both sides completely happy from this negotiation. But if there's one thing I do know, it's that Trump had essentially, you know, campaigned on and made a lot of campaign promises that he was going to get, you know, more crypto regulation dialed in. The SEC and the CFTC have made public statements backing that they wanted to get crypto more locked in to the American economy. The very first podcast that the SEC hosted with this, you know, was all about crypto with, I think it was Hester Purse and Mark Ueda and Paul Atkins and all these guys who are running sec. So very clearly the regulators want something done. And again, if Trump wants something done and he's got all of these regulators, you've got the Treasury Secretary, the Secretary of Commerce, everybody's kind of working hand in glove to get something done. And then he makes the public call this week saying, July 4th, get it done by then, or else we're going to have big issues. And so I think it, you know, now obviously it's getting priced in. It's up from 45% odds to 70% odds over just the course of about a week. So that's, you know, it's good sign that this is going to happen. Is crypto going to get everything they want? No. Is. Is banks going to get everything they want? No. But is Trump going to get exactly what he wants? Yes. Because I don't think he really cares one way or another how the bill breaks. He just wants to have another trophy in a sense to show, hey, during the midterms, all the people who voted for me because of the crypto stuff, Bam, look what we've got you in two years. We've got the Clarity act done, we've got the Genius act done, and we're going to move on. Right. Like I've, I earned your vote for, for that promise. Bam. Here's making good on it, and we're moving on. I don't think he really cares about some of the nuance that goes into it. I think he, of course, wants to preserve, you know, the fundamental freedoms and, you know, excitement that we all share with crypto, but for some of the nuance and how it gets done. Because you got to remember, I mean, Trump was debanked, like, his whole organization was debanked after he, you know, lost his presidency and so on and so forth in between his first and second term. They lost, you know, Trump Organization lost all the banking access. They had, you know, thousands of employees and millions of dollars and all these different jurisdictions. And so this really radicalized the whole Trump family and said, well, we never want that to happen to any, any person. We want to have alternatives to banking. And that's why they got so involved with Defi and, you know, bitcoin and all that kind of stuff. That's my long winded answer.
- [68:22]
B
I love it.
- [68:23]
A
Hunter, anything to add from your perspective? It's obviously something that's kind of continuous,
- [68:27]
B
that that bump from that below 45% happened after the some comments at Bitcoin Las Vegas, when I guess it was Senator also Brooks, I think that's her name, she had mentioned. We're going to mark this up in May. And so we're starting. And then I guess on top of Trump's comments, I, I thought you could look there to see if it was also going to be by, by May 30 or by June 30. I don't know if they took that away, but for a while you could see, like, if it would have been this summer, what the odds are there, because I'd be curious to see what those have changed to be like. But nonetheless, I think this is going to be one of the biggest inflection points of really the macro theme going forward, I think it's going to come more at a higher low though than when we're already going up. I think it'll be like a macro bottom when it comes in. To be honest with I think it's just that much. It's that important with the. I mean at least that important regarding relevant to everything else that's going on.
- [69:30]
C
You don't think the market's pricing this success in right now maybe correlate some of the move that we've had in April and in May, essentially correlate that with these higher expectations or odds of this approval that this might actually be now the market starting to price in the success of the Clarity act actually happening. One way to think about it.
- [69:53]
B
Yeah, it probably could. I mean especially with how fast information moves now in these markets. How you talked about earlier with bear markets being a lot less in drawdown and even in time and then now having stuff like polymarket giving you insight into how you discount those valuations in the future. That could be the case. But I think we would be getting a bigger move if that was getting priced in. That's just my thought. But nonetheless I think it's going to be a huge impetus for when we decide to go to all time highs again.
- [70:23]
C
I decide now. I want all time highs now.
- [70:26]
B
I declare now.
- [70:29]
A
I love it. I can't wait. It's really fun to keep covering on the show and like obviously Hunter will be back more often so it's something that we can track. And one of my favorite things about the rundown is kind of getting everybody's different opinion. Obviously you know, we're all long term bulls. We wouldn't be here if we weren't. But it's fun to get kind of differentiating opinions on a. The technical analysis from on bitcoin or the charts for you know, all coins and kind of million dollar bitcoin. This is what the rundown's all about. So really appreciate you guys joining to end the show for some fun. We wanted to get to know Hunter. So Hunter, give, give a quick, just intro your background, how you got here and then we'll have a couple quick hitters for you and we'll get out of here.
- [71:06]
B
Yeah, well, it was a long, arduous journey. I was getting tomatoes thrown at me coming down the the ship and then I finally made my way to the. To the promised land. But no to the new land. My crypto journey started around 2017, 2018. Much like a lot of people trading on Binance, this At this point I was in university still and I was just big into, you know, economics and finance and I was really just trading, losing money, not really focused on the actual fundamentals of blockchain and whatnot. And then around 2020 when you know, of course the market went into chaos, I was working in wealth management, just doing stocks and bonds, your typical finance bro stuff. And during that time, that's when defi decentralized finance kind of had its big summer, its big boom. And that's when I got involved in, really involved in the defi field and then just meeting a lot of people through the communities and discords working. I'm a part of some DAOs, decentralized autonomous organizations where I do some market contribution contributions from technical analysis standpoint. I've also worked in the educational sector in crypto, teaching people about defi and liquidity pools. And I also hold a CFA charter. So a lot of my background is portfolio management, investment management, research, research analysis. But lo and behold, I mean I've been in crypto for a long time. I'm someone that believes in the future of finance and the shakeup that's going to happen and I want to be on the forefront of that. And no better place than being here with the Crypto 101 team, the Crypt Nation team, because it's a fast moving game and every single day things are changing. Every single day someone says, hey, did you hear that? I'm like, well I haven't heard it yet because trying to digest 10 other pieces of news.
- [73:03]
A
It's true, right?
- [73:04]
B
But yeah, I just a big believer in finance and tech and the integration of it and you know, once I became a part of this team, it's been, it's been awesome and I'm looking forward to many more rundowns and you know, seeing other people in the community as often as possible.
- [73:22]
A
Awesome.
- [73:22]
C
Yeah, you've been a great addition, man. Loved having you here.
- [73:25]
A
Yeah, it's been fun to get to know you and also get your takes because it's always fun. Just like I said, I like the variety of our team and how you know overall how smart every single person is, but just the different backgrounds and different perspectives that everybody has. But for just for some fun info, we wanted to go over a couple, couple of fun little questions. So we want to go. What's your favorite favorite type of music?
- [73:49]
B
Well, behind my computer you can't see but I have a whole DJ set up. So I love DJing, like EDM, house music stuff. And if I'm Getting a little wonky. I'll go for the dubstep. But I love a lot of house music, some drum and bass as well, but really just all the electronic music.
- [74:06]
A
Yeah, I was, I was. I was going through, just looking online and I came across this. It was pretty, Pretty big show you did.
- [74:16]
B
Yeah, yeah, yeah. That was the headliner at EDC Las Vegas. Yeah, yeah. That was one of my best sets to date.
- [74:24]
A
That was good. I think It's. It's on SoundCloud if people want to check it out. Usually, usually you are facing the crowd, though.
- [74:35]
B
Well, there's another. There was another stage. It was a silent disco.
- [74:38]
A
Silent disco.
- [74:40]
B
Yeah, that's where I'm at. You can catch me at the silent disco, baby.
- [74:46]
A
Oh, that's funny. Favorite movie?
- [74:50]
B
Well, you know, I had to be careful with this because they could be your security question answers. So my favorite movie is the Count of Monte Cristo. It's actually based off a book, a very famous book, but it's a story of love and betrayal. And I love movies that are. That are. That are about like, that are very cerebral though more so than like action oriented. I like the psychological twists.
- [75:12]
C
Wow.
- [75:12]
B
I love the counting. Monte Cristo. I recommend everybody watches that movie. So you'll make a great husband.
- [75:16]
C
You'll make a great husband one day, you know? Oh, babe, I don't want to watch action movies. I just want to watch something with something that pulls on my heartstrings and really makes.
- [75:24]
B
No, because then they'll be asking me, what's this about?
- [75:29]
C
That is so good.
- [75:31]
A
Two fun ones there. Well, to wrap up Bryce, any. Any final thoughts before we close out? We got to know Hunter. We went over everything. Top of the. The bitcoin charts. We're going to a million coin of the week, the popcorn market. Leave everybody with. With your final thought.
- [75:47]
C
Look, we. I mean, we had a great episode. Clearly we're bullish. Clearly there's a lot of good things going on. I think it's important to remember, you know, have, you know, if you think about your portfolio, make sure you still have some bitcoin. I know in these altcoin cycles, when you see the small caps moving up 100, 200 over the week, sometimes you take that precious bitcoin that you've been saving and holding on to and you go spend it at the top of the altcoin market, or you spend it on altcoins that are about to retrace. And so I think one of the names of the game is to use altcoins to trade back and forth, to stack more bitcoin over the long term, right? You want to have some bitcoin in your long term holdings that you're just never going to touch. Okay. So that's one thing I would sort of think with is there's all this excitement and volatility. Think of bitcoin as like, you know, what you want to get more of over time. Altcoins. You know, there are some altcoins that you want to buy and hold for the long term as well as we talk about. But a lot of those, you know, as there's these big moves, you know, they have these big volatile events, skim some profits, store it into bitcoin. That's one thing I would say. Another thing is, you know, clearly we do have, you know, good breadth in the market. A lot of altcoins are starting to have their retrace or their, basically their retracement from their highs, their December or October highs. We're starting to have that big leg retrace higher, which is a good sign. But again, like we showed you, things are starting to bump into their 200 day average, their anchored volume weighted average price. There's a couple reasons which make us think we might see some near term lower prices that are going to be in our opinion, very viable. So patience is the name of the game. You, you want to see, you know, once you have, you know, a couple days of red, that might be the buy signal there for the near term as we retest these breakout zones and then just keep, keep a long term view if this is overwhelming. If you know, you think, man, I'm not the kind of person who wants to trade every day or whatever. You just want, you know, higher level information or you just, you know, I would say, you know, take a long term view and if you get overwhelmed with the short term fluctuations and all the opportunity, just you know, take a long term view and, and don't feel pressured into, into doing any one thing or the other. And the last thing I'll say is, is subscribe to our service below. Take a look at what we do. I mean we're researching crypto, fundamental analysis, technical analysis, video content, written content. You've got a community of thousands and thousands of different traders sharing their ideas. We've got so much for you, a university video course that shows you how to get started with crypto, how to store crypto, how to, you know, trade on exchanges. We add videos to this, you know, all the time. And so we just have a really big Community of people who want to help you and who have for the last, you know, almost, you know, eight or nine years, been doing this very, very actively. And so we think we've got a lot of what you really do need to succeed in crypto. And so, yeah, there's, there's some links down below. You guys know where to find us. Hunter, you're the man. We can't thank you enough for being on the team, for taking a chance with us. We got a lot of great stuff to build in the future, so you're gonna see a lot more of us.
- [79:03]
A
Yeah, now's the time to do it, right? I mean, everybody knows when the euphoria hits and Bitcoin's at 120, 150, maybe 200, it's like. And then altcoins start popping off. Then it's like, oh, wow, I should go join this community. It's like, hey, we, we kind of preach at the top of the show, who's building? Morgan Stanley, JP Morgan Jeffries? Crypto101 keeps pumping out great content, great interviews with Bryce and Brendan. And so if you enjoy the interviews, if you enjoyed this show today, go check out the links below because you're going to absolutely love being inside the community. Really appreciate everybody join. Thank you, Bryce. Thank you, Hunter. Thank you to the chat. Thank you, Anna. Unbelievable. $100.
- [79:39]
C
Super chat.
- [79:40]
A
One final call. Like, subscribe bot. Hit the logo and subscribe if you're new. Really. Thank you, guys. That's going to be all for today. Have a great weekend and we'll see you all next week. Bye bye, everybody.
- [80:03]
D
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