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Brendan
Foreign welcome back to the Crypto rundown and this is part two. That's right, you saw it in the title and if you listen to the first one, you understood that we chopped this into two parts. So if you haven't listened to part one, make sure you do. It was a lot of awesome stuff around the Bitcoin price action this week. Technical analysis with Brendan. We also did a full rundown on the Robinhood news and the tokenization of stocks which we think is extremely bullish for Ethereum and is going to roll us right into this Part two. That is going to start after the swipe sound. We're going to pick it up here where we talk about Tom Lee starting his Ethereum strategy company. That's going to basically be the micro strategy of Ethereum. And we have a ton more bullish news around Bitcoin. We check out the Fear Greed Index. We go over some of the recent ETF filings that are going to go live again. It's, it's basically under the table bullish news that we're just pulling out and bringing to you each week. I hope you're all enjoying your fourth of July weekend. And without further ado, here's part two of the rundown. Have you ever wanted to trade bitcoin but haven't dared tried? With Plus500 futures, you can trade crypto without the hassle of opening a wallet. With just a few clicks you can register and start practicing with their free and unlimited demo. See a trading opportunity. You'll be able to trade in just two clicks. Feel ready? You can move to real money with as little as $100 once your account is approved. And the great thing is that in addition to crypto, Plus500 gives you access to a wide range of instruments like the S&P 500, NASDAQ, gas and much more. Explore equity indices like Energy, Metals, Forex and beyond. With a simple and intuitive platform, you can trade anytime, anywhere. Experience the fast accessible futures trading you've been waiting for with Plus500. With over 20 years of experience, Plus500 is your gateway to the markets. Visit us.plus500.com to learn more. Trading in futures involves risk of loss and is not suitable for everyone. Not all applicants will qualify and this is not personal financial advice. Plus 500 it's trading with a plus. Did you know your credit card points and miles can lose value to inflation while they collect dust? And credit card companies often reduce the redemption value of your points and miles. Now imagine a credit card with rewards that can grow in value. With Gemini Credit card, you can earn Bitcoin Wallet or one of over 50 other cryptos instantly with no annual fee. Every swipe at the store or gas pump earns you instant rewards deposited straight into your account. Plus sign up now for a $200 Bitcoin bonus to kickstart your rewards, visit gemini.com card today. Again, if you're looking to invest in Bitcoin but don't know where to start or you're a faithful listener of the Crypto 101 podcast and love bitcoin and other cryptos, visit the Gemini credit card website so it's easy for you to earn even more bitcoin or crypto or with their credit card. Again, visit gemini.com/card today to learn more.
TiVo
Well, you know, I mean, let's talk about that. If Altcoin Summer is the new Hot Boy Summer, Tom Lee is coming in as a, as the leader will call him the leader of Hot Boy Summer. And he is coming out with the microstrategy of Ethereum and had to catch myself there. T. I don't know if you got it, but Tom Lee is coming out as the, the newest addition to the treasury game. And we talked about this in the recent weeks and we said everyone gets a Treasury. It's like the Oprah show where, like, you get a Treasury and you get a Treasury and like, this just continues to happen. Oprah is still pointing the finger, still giving more people treasuries. Tom Lee is a household name. He is genuinely one of the, the names that I think I respect the most out there. If we could create like a perfect panel of guests, I think it would be like Tom Lee, Michael Saylor, Matt Hogan, James Safe Art. And I'm probably missing someone, but if we could have like that, like that would be like a master panel. And he's coming out here and he's saying, I'm betting big on Ethereum here. We're creating the Ethereum Treasury. And this is going to essentially be an echo of what Michael Saylor has been doing, its strategy with the Bitcoin treasury approach. And so he's talking about this, he explains it. We'll go ahead and roll the clip.
Tom Lee
And this is some big news. It's kind of complicated, but probably suffice to say that you all are doing basically what MicroStrategy did with ether. You're going to make Ether the purchases that you buy through this. You're going to set this whole thing up like this. You want to explain a little bit? Yeah. Glad to, you know, I'm still a big fan of Bitcoin because I think it is, you know, digital gold. But what we've seen in the last, really in 2025 is the financial services industry and crypto are converging. And it really started with stablecoins, which is the chatgpt of crypto, right? Because it's viral adoption by consumers, businesses, banks, and now even Visa. Underneath the stablecoin industry is Ethereum. That is really like the backbone and architecture of stablecoins. So it's important to create a project that essentially accumulates Ethereum to essentially protect and have some influence on the network. So that's why we're creating this treasury vehicle to buy Ethereum. The more Ethereum that's accumulated, the more secure the network is. And I think it's also sort of the architecture that future banks will have. You know, when Goldman issues a stablecoin and JP Morgan doing it on Ethereum as a layer one blockchain, they're going to want to secure it by staking Ethereum. So we're trying to get in front of that by creating a Treasury.
Brendan
Two things on that number one great explanation for kind of that base level of why he's doing it. And also that is the point of Robinhood. So I don't know if we mentioned it, we got kind of caught up in our own personal call, which is, which is fair for an 800% call. But Robinhood is tokenizing through Arbitrum, which is obviously via Ethereum. So I think that Tom Lee, to build on your point, is somebody that we all enjoy in the crypto space, enjoy listening to because you can go back and pull clips of him on CNBC telling people they should do 1% exposure to Bitcoin when it was in that, you know, $2,000 to $5,000 range, and everybody called him crazy. You know, a unique call here. I think the bitcoin maxi community was really upset at this because they know Tom is a longtime bitcoin bull. And then obviously with this Ethereum, it's a different take. So he's definitely getting mixed reviews from crypto Twitter. But I think Tom's somebody that doesn't make his decisions from the comments on Twitter. Right. He's a data driven guy. That's how he's made his name. So a fascinating take. I again, I wouldn't bet against Tom. You got to make, you know, never financial advice. Tom would tell you the same thing. So you got to make your own decisions. But I think it's an interesting point to announce this right after we've basically gone, what, six months plus of Ethereum lagging and really, really underperforming, especially into Liberation Day. And that final dip below 2k was terrifying. You know, Ethereum, kind of, that's going to be the title of this episode is Ethereum Takes Center Stage.
TiVo
I mean, Ethereum has been underperforming Bitcoin TiVo since summer of 2022. So we're now pushing three years later, and Ethereum has been underperforming Bitcoin for three years. And now we're seeing people come in. You know, we've kind of been saying this as well. I think Ethereum is at its turnaround point. I really, really do. He made the point of when you look at all the infrastructure that is happening, all of the changes that are happening, and all the adoption that's happening, it is primarily behind Ethereum. Now, Solana is seeing a lot of success just, just in different sectors. But when you look at the stablecoin legislation that is primarily impacting Ethereum, it is under, like, completely underlined by Ethereum. When you look at tokenization, almost entirely backed by Ethereum here, you know, Robinhood's a great example of that. And when you look at Defi and what's happening on that side, again, mostly on Ethereum. So stablecoins, Defi and tokenization all looking to scale, all looking to be more integrated and grow. And as that happens, he's saying, I think that there's a bet on Ethereum here and it's undervalued relative to Bitcoin and probably the rest of the market. And I think it's a pretty sound argument now, again, like anything, it's gonna have ups and downs. But I would agree with him here. I think that the overall picture is up and to the right. Like, I can't see this not doing well. Right. There's a lot of these, these different things to pay attention to. And, you know, they're coming out and they're starting off with $250 million to fund this first Treasury. And this is right after sharplink also came out. They started a Treasury and they even added to this this week. So they acquired another 9,690 Ethereum, which is around $24 million worth, to increase their total Ethereum holdings to 198,167 Ethereum. It's a big amount. And I only see this growing again. I see this being like microstrategy, where they're going to continue to acquire more as it Dips as it has its ups and downs, which it will have, they will accumulate more because they believe in the long term. And we've seen what that's been able to do to Bitcoin. Right. I also think it can have a similar effect going forward for Ethereum and Ethereum has a little bit of a catch up game to play. Bitcoin is right below all time highs. Ethereum is still quite far from it. I think its all time high was just below $5,000 and at the moment here Ethereum sitting at around 2400. So it would need to about double in price roughly speaking to get back to that all time high. Whereas Bitcoin is basically sitting there. But I see both assets doing well. I see both doing well.
Brendan
Yeah, I couldn't agree more. I think it's important to you know, give our honest opinions and, and I was kind of playing that Ethereum trade. I did that in like 2017, 18 too. I, I rode kind of Ethereum pretty heavy which, which worked out but then I was really disappointed in the price action of Ethereum and, and I know we all were and we were kind of scratching, scratching our heads wondering why like there's so much Momentum and the ETFs went live and you're kind of playing the playbook of the bitcoin etfs and it didn't, it, it didn't work out like everybody thought. But that's why I kind of love the announcement from Tom is like it, it's kind of a counter trade. Right. So I, I think at one point, I think at one point in our, our team group chat I, I think I threw in there. I was like hey, are we still riding Ethereum? Like when we went under 2k I was like man, this is a huge pain point for me because I was, you know, I, I really, really believe in, in the technology and the platform. And again Tom kind of broke it down in a very, you know, layered way of, of what he's looking for in the future of it. But I think you got to love the use and especially with Robin Hood and now Tom doing the treasury and kind of pitching that stablecoin narrative. Something to watch again. That's what we do here. There's these narratives that build, I think again beat a dead horse here, not to be a dead horse is like the Robin Hood narrative we gave in 2024, February 2020 four years later obviously even that's, it's probably quicker timeline than most to get you know, an 8, 800% sometimes for stocks but you know, you got to build your narrative and you got to be there before the masses come in. And not all your, you know, not all your investments or bets are going to work out. So that's why you got to do your own research and deep dive in and learn from us here and you know, do your own research as well. But you know, these narratives are building and kind of to the point of why there's so much news is it's not under the table anymore, it's out in the open. And so I'm super excited about Ethereum, hopefully to, to keep the momentum going into the end of the year.
TiVo
Yeah, I mean certainly man. And you know, there I think that the momentum will continue. If you look at what Deutsche bank is doing, a huge player, they are saying, hey, we're going to plan for crypto custody starting in 2026. And this just goes to show we talked about this like a year ago and we said the names that aren't in are going to regret it and they're going to eventually cave and they going to have to offer crypto custody. There's going to be too many people asking for it, everyone else is going to be doing it and they're going to be leaving a lot of money on the table or seeing people just overall leave to a place where they can get this stuff. And it's going to be a frustration and a pain point. And that's exactly what we've seen so far. So Deutsche bank, it's the next one on the list, they're going to be offering crypto custody coming next year. And in the meantime, the Bitcoin ETFs feel unstoppable.
Brendan
So.
TiVo
The level of inflows that they have seen is crazy. And just when you think it can't stop it or it has to stop, it just continues and continues and continues. And where we're at now is that they have seen a 15 day inflow streak. And this accounts for almost $5 billion of inflows. And this is all happening not while we're low, not while we're going like completely parabolic and stuff. It's happening like right below all time highs. Like pressure is building. People are so comfortable buying up here and that's what this tells me. TiVo, if we're seeing 15 days of inflows, $5 billion nearly coming into the market, people are comfortable buying right below all time highs. They're not worried. That means that if all these investors are doing this, they are betting that bitcoin will go to a new all time high. Otherwise they wouldn't be investing in so comfortable buying right below all time highs. That's what this means. So if you scroll down a little bit on the chart just a tad, there's going to be a chart in here where you can actually see. Yeah this and if you click on the one month little tab there it can zoom in and this shows you what that inflow date looks like, what the inflow streak looks like. Now it's not completely up to date. This lags behind as they collect the data. But you can see that the overall amount of inflows here have been overshadowing the outflows for almost the entirety of the last month. You can see at the very beginning of June there were a few like little days here. But when you put it all together, especially the last 15, 20 trading days of information, I mean it is a night and day difference. I mean on some of these days it looks like there's no outflows, there's no one selling, there's no one selling at all. Time highs and everyone's buying. So sell.
Brendan
How about that interesting day here? 617. IBIT is teaching, teaching their clients. That's BlackRock obviously is teaching their clients, you know, 6:17. We're buying while everybody else is selling. So I wonder if that was a dip day but I think that's interesting to see some heavy outflows. And while, while IBIT is, is rocketing higher. A huge buy day.
TiVo
Yeah, I mean they're just gobbling up market share. I was reading a, I was reading a report right before this and what it was saying was that the Bitcoin ETFs now hold 7% of all of Bitcoin supply. So 1.4 million Bitcoin worth $150 billion.
Brendan
Wow.
TiVo
How's that for a number?
Brendan
Yeah, that's wild. Sorry that this thing is. I don't know how to click out of this. There we go. The. Yeah but that's the Tom Lee's point about Ethereum, right. With a proof of stake is that you want to gobble up a percentage of the network for obviously staking rewards but to kind of secure the network as well. So I think that's kind of the point is you know, you see ibit doing it, MicroStrategy doing it for bitcoin. And so it'll be interesting to see if that takes on obviously Tom Lee leading the way there, some other companies also doing it as discussed. But if that picks up momentum, especially around the stablecoin market. Yeah, I heard, I heard Tom compared the stablecoin market to finance is like AI to technology. It's the future. Everybody's diving in and you can see that with obviously the IPO of Circle. So, you know, the AI trade in stocks has gone crazy. Quantum computing had its moment at the end of the year as well for just, you know, I think there's a stock out there called Quantum Computing and it was, you know, up, you know, a thousand percent in a couple weeks without people knowing exactly what they even do. So it'll be interesting to see if there is that run from the finance investing side with Ethereum or obviously we saw it a little bit with Circle, but again, seeing the narrative, what has this show been bringing to you every week for the past month? All these credit card services, you know, the mastercards of the world, and all these banks starting their own stablecoin initiative and partnering with these credit cards. So it's like the narratives there and will it, will it keep growing? So again, just, I mean, dude, unbelievably bullish news. It's, it's, it's wild.
TiVo
But wait, there's more just in, you know, Germany's largest bank, Germany's largest banking group. I'm going to butcher this, but I think it's. Sparkasson is set to launch crypto trading services starting next year as well. So, you know, we like bringing up stuff like this. It shows globally there is adoption. It's not just in the U.S. it's not just here and there. Globally, everyone is getting in on this. They know that they have to or else they're going to be left behind. Deutsche bank realizes this, Schwab realizes this, Sparkasson realizes this, everyone realizes this. And the more that adoption happens, the more we see these different players out there are recommending more and more crypto exposure. And it's funny because we talked to, to Matt Hogan from Bitwise and we just talked to Franklin Templeton as well here in recent weeks. And what the, what we've been seeing is that people have gone from no crypto exposure to maybe like half a percent to 1% to 2% to 3% to 5%. And recently we saw that there was the largest independent registered investor advisor saying if people want more of a risk on approach, then they can do up to 40% exposure to crypto. And so we have a clip for this and we'll go ahead and roll that.
Matt Hogan
Today. I'm saying 40%. That's astonishing, right? Nobody ever anywhere has said such a thing. As what I'm saying now, why the shift? It's because of the massive change in the evolution of crypto that we've enjoyed in the past four years. Four years ago, we didn't know if governments were going to ban Bitcoin. We didn't know if the technology would become obsolete. We didn't know if consumers might not want to adopt it. We didn't know if there would be any institutional engagement. Today, all those questions are resolved in the Trump administration. In the new Congress, there is massive support for crypto. Every member of the President's cabinet personally owns bitcoin. Every major economic appointee of the President, the Secretaries of Treasury, Commerce, Department of Labor, the heads of the sec, cftc, occ, fdic, all of them, huge supporters of crypto. There's no longer a question as to whether the government likes this or not and is going to support the development. We also now see institutional investors engaging in ways never seen before. Banks are now permitted for the very first time, along with brokerage firms, to trade and custody crypto, which they could never do before. Stablecoins are now a. Goldman calls it the killer app of crypto. We now have a huge array going in. And in fact, the first legislation out of Congress is crypto legislation, the Genius Act. So it has radically changed. It is now a mainstream asset. And we look at the adoption rate, it's still incredibly low. It's only about 5% of the global population that own crypto at this stage. As more and more get involved, learn about it, discover it and invest in it, we're going to see massive asset inflows. And because certainly in the case of bitcoin, it's a fixed supply asset, the more people who buy it, the higher the price is going to rise.
Brendan
Sounds like us, Brennan on the podcast.
TiVo
Each week it does. I mean, he's got it right. He knows what he's talking about and he makes a good point. So, yeah, you know, I think that more crypto exposure will become normal. I think 40% for someone who wants high growth, a lot of risk, like, it makes sense. Like, I tell you what, like, spoiler alert. I have more than 40% spoiler alert.
Brendan
Me too. And I think it goes to the fact that there's ways to get crypto exposure. Over the show, the last month, we've talked about the circle ipo, right? So, yeah, that's a stock, but maybe this is an argument that we could have or a debate, healthy debate. But it's like, is that crypto exposure? If you're Buying Circle. It's a stock. It's traded on the stock exchange. But is it. Is it crypto exposure? Same thing with Robinhood or Coinbase? I mean, I think everybody would agree Coinbase stock is crypto exposure. No. So it's like there's these darlings of the crypto world that have entered the stock market that, you know, we have exposure to at times, not speaking broadly for the team here when it comes to these individual stocks, but obviously, we talked about Robinhood, we talked about Circle. So it's like getting exposure to that plus our Altcoin exposure, plus our bitcoin exposure. It's like, dude, yeah. And the funny thing is, as these prices rocket, it takes up a bigger percentage of your portfolio. We've talked about the microstrategy story, me and you before, right? I was like, I'll just put a little shekel into microstrategy. Like, I'll do that. And then boom, all of a sudden, it's 15% of my stock portfolio. I'm like, oh, my God, I got to trim this. You know that. That's kind of how it goes, especially for the early adopters in the crypto space.
TiVo
Yeah, No, I mean, it is, man. And, you know, a great sign that this is here to stay and that there's a lot more to come is, you know, we mentioned at the very beginning, the sec, I think it was yesterday, approved Grayscale's Index or Basket etf. And this includes Bitcoin, Ethereum, Solana xrp, and Cardano. And at the very beginning, I was like, oh, well, this probably means that if we don't have ETFs for Solana, XRP and Cardano, we'll probably have to get them. And we're already seeing the Solana ETF get approved here today. We'll probably see a lot more of those. I did see that out of the ETF applicants, and let me pull this up on my end real fast, there was a lot more. I think there was seven or eight of them in total. So, yeah, Grayscale, VanEck, 21 shares, Canary, Bitwise, Franklin, Fidelity, Coinshares, and Invesco all have pending Solana spot ETFs. And I would imagine that we start seeing those very, very soon. In fact, I don't even see Rex on the list from what the Bloomberg Intelligence guys were talking about, which is interesting. But, yeah, I mean, Rex wasn't even on that list. But yet here they are. The first spot, Solana staking ETF is officially live. So something to keep an eye on.
Brendan
Live on air, man, this is why. This is why you got to tune in the. The live. The live stuff is. Is crazy.
TiVo
It is. And, man, we're just scratching the surface of this stuff. It's an exciting time to be in the crypto market again. We always say, like, you gotta have fun while you're doing this.
Brendan
Yeah, no, totally. And I think that's kind of why we love doing the show is, you know, hey, we have winners, we have losers, we have calls that take time to go, but at the same, it's all about kind of building that community. And we all have different expertises on our whole team. The analysts that we have, obviously Bryce and you. So, you know, if you're ever interested in learning more about what we do behind the paywall, again, we give you, you know, a couple hours free a week, and we're gonna even do more, so more free stuff. But there. There's something to be said about the community where it's literally that, you know, 24. 7 access inside a buzzing crypto community with the coaching calls. So you're getting extra time with a smaller group alive with Bryce and Brendan and our analyst team. So check out the links below if you're interested. I know we got like a dollar offer to give it a shot as this broadening continues and as the momentum continues in the industry. If it's something that you're really interested in and, you know, enjoy the podcast, check out the link below and. And see. Maybe we'll see inside the Community because we'd love to have you. But I got two more. Two more topics we didn't have on our sheet, Brendan, to wrap us up. I thought that because this is a question actually, that I've been posing, we talked about it before, is like, you know, I. I don't want to say this on air, Brendan. I don't want to. I don't want to say this on air, but I'm going to. I don't want to, but I'm going to. I'm getting a little bored with the 100 to 108 price range in bitcoin. Said it to you off air. We know. We know, we see it and. And we break it down. I'm getting a little bored. I know we're not supposed to say that, but I found a clip from. From Tom Lee that was what juggled up my brain. When we were talking about Tom. I was like, oh, I saw that clip the other night about Tom talking about why he thinks we're kind of Stuck in this price range and price isn't moving. So let, let's, let's listen to that and I'd love to hear your take on it.
TiVo
Yeah.
Bryce
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TiVo
Let's go.
Bryce
And young Mason Moore got more done quickly uploading HD product demos and video conferencing without freezing the numbers look good.
Brendan
Brad, you're amusing.
Bryce
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Unknown
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Tom Lee
We know Bitcoin ETFs are the most successful product launch like in history. And then someone says, well, if you're going to collect that much money, bitcoin goes to the moon. But it turns out bitcoin's risen, but it's kind of churned. I think what happened is couple things. One is a lot of these ETFs may have been receiving in kind exchange. So people have their crypto keys, give it to the ETF provider and then they just stepped up their basis. So that's not going to push up the price of bitcoin. It adds to their wash. Yes, it's a wash. And the second is that the ones who aren't involved in ETFs but maybe they have $10 Bitcoin. We have clients that have bought Bitcoin at $100 and now it's 100,000. They're not looking to. They don't care if bitcoin goes to a million. They are probably sellers at around 100,000. So we're churning the base now because 95% of the institutional world doesn't own bitcoin. But a very significant portion of bitcoin holders are sitting on huge gains. So I think this is the churn that's happening in bitcoin now.
Brendan
The churn. Brennan, what do you think of the churn?
TiVo
I mean, it makes sense, right? It's. It's a lot of these retail investors who have had exposure for a long time. They got in at 100, it's now 100,000. They already have their life changing, their generational changing gains. Do they need to take the risk of bitcoin going from a hundred thousand to a million? No, they don't. I mean, they've already made millions or hundreds of millions of dollars off of, of this move, so why take that risk? And so there is a little bit of a turn now to a new generation of investors who want to take the next step. And it makes sense. That's really all I had to say about there. You know, I think he made a good point about the flows as well. That's standing out how we're still seeing a lot of buyers over in there and the fact that 95% of institutional money still is really not super exposed to the crypto market. So maybe we actually see a shift. Usually we see institutional sell in the retail. This could be an inverse situation where we see retail sell into. Into the institutional side.
Brendan
Yeah, I think that in theory, maybe I'm wrong. Is the first time in history that that could happen. So just one more thing as you wrap up here and approach the hour, I thought it would be good. It's July 4th. Q2 just ended. Q2 just ended. Monday, June 30th at the closing bell was the fiscal Q2 for the stock market. So we, we are halfway through the year. Where did the time go? So I thought it'd be cool to pull up the Fear Greed index here. And this is the CMC Crypto Fear Greed Index. If you want me to pull up another one, Brendan, the bitcoin one or whatever, let me know. But I kind of feel that. I feel like we're in neutral. Right. Like, it's kind of like what Tom Lee said. There's a lot of churning going on. The excitement of 100k was euphoric and, and kind of greedy, obviously, in that December, January time frame. And then we've come back up and kissed it. And I know we got into the greed level recently here. Yeah. In May and then kind of, you know, petering down into. Into neutral levels, which I. Which I feel like is appropriate. And you're kind of. Obviously the macro. We've had a lot of shows based on the macro, but thoughts on the on the fear greed index, where we.
TiVo
Are today, I think it's right. I think it's pretty accurate. We are sitting neutral at just below all time high levels. I don't think we're in a fear territory. I also don't think we're in agreed territory. We just bounced off the dip, we rose back up, now we're consolidating and I think we're at a very neutral solid level, which I'm biased. But I think we're going to resume to the upside. And this shows that if we are neutral, even leaning a little bit scared, there's a lot of room to the upside. We're not overextended, we're not overbought, we're not an extreme fear or greed. We have room to go up to that of extreme greed, but we're not even in neutral to normal greed territory yet.
Brendan
So more, more ammo that year in the bottom left here, that yearly high low is, you know, November 20th at 88 and then March 10th at 15. So just a roller coaster of a year, which, which it always in some way seems to be. I think there's, there's always going to be some volatility. Volatility to the upside, volatility to the downside, and plenty of opportunities. Thank you all for tuning in, especially our YouTube friends, and I'll hand it off to you to wrap us up, Brendan. Happy fourth of July, everyone.
TiVo
Yeah, happy fourth of July. We appreciate everyone tuning in here like normal. For those of you that come into the chat box and leave us questions and say hey and what's up? And we appreciate it. We know most of you have to watch this back because you're working or you're with your family or whatever it may be. You know, life's busy. We appreciate all of you as well and we love putting out these episodes every single week around Wednesday. Like Tiva said, we're going to be doing two of these a week. Pretty soon here we're going to be making the change. So we'll keep everyone posted on that information. But for now, again, if you like getting all this content completely for free, check out our other resources on the YouTube channel here. We have all sorts of other market updates, podcasts, tutorials, walkthroughs, you name it. We have a lot that's going on here and if you want to get even more plugged in, then you can go down to the link in the description down below and you can check out all of our other resources in our communities. And that's where we get into a lot more detail about the picks that we're talking about in our choices and our portfolios. So you can go ahead and get access to our entire crypto portfolio for just a dollar in the link down below. And if you are a audible or a you, or excuse me, a Spotify or Apple podcast or any of those listeners again, check us out on YouTube and drop us a like and subscribe. But thank you all for watching and we'll see all of you at the same time, same place next week.
Unknown
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Crypto Rundown pt 2: Ethereum Takes Center Stage with ETH Treasuries & Why Bitcoin is in a Range
CRYPTO 101 Podcast
Hosts: Bryce Paul & Brendan Viehman
Release Date: July 5, 2025
In the second part of the "Crypto Rundown," Brendan Viehman and Bryce Paul delve deeper into the evolving cryptocurrency landscape, focusing primarily on Ethereum's resurgence and Bitcoin's current market range. Building on the discussions from Part One, this episode aims to provide listeners with critical insights into recent market movements, institutional engagements, and strategic initiatives shaping the crypto ecosystem.
Timestamp: [02:53]
Brendan introduces the significant news of Tom Lee launching his Ethereum strategy company, likening it to MicroStrategy's role in Bitcoin investment.
Brendan:
"Tom Lee is coming out as the newest addition to the treasury game... he's saying, 'We're betting big on Ethereum here.'"
[02:53]
Brendan emphasizes Tom Lee's reputation and strategic move to create an Ethereum Treasury, reflecting a long-term commitment similar to MicroStrategy's approach with Bitcoin.
Timestamp: [04:20] - [09:57]
Tom Lee's Vision:
In a detailed explanation, Tom Lee outlines the rationale behind accumulating Ethereum for the treasury. He highlights Ethereum's pivotal role in powering stablecoins and its integration into financial services, suggesting that major banks like Goldman Sachs and JP Morgan will increasingly rely on Ethereum's Proof of Stake (PoS) mechanism for securing their networks.
Tom Lee:
"Underneath the stablecoin industry is Ethereum. It's important to create a project that accumulates Ethereum to protect and influence the network."
[04:20]
Brendan & TiVo Discussion:
Brendan and TiVo discuss the implications of Lee's strategy, noting Ethereum's historical underperformance compared to Bitcoin but recognizing the potential for a turnaround fueled by institutional adoption and infrastructure developments. They highlight significant Ethereum acquisitions by Treasuries, such as the recent addition of 9,690 ETH (approximately $24 million), bringing total holdings to 198,167 ETH.
TiVo:
"Ethereum is at its turnaround point... it's undervalued relative to Bitcoin."
[07:15]
Brendan shares personal insights into the challenges of Ethereum's price stagnation and acknowledges the bullish signals emerging from recent strategic moves and market narratives.
Timestamp: [09:57] - [15:30]
Institutional Adoption:
The hosts explore the surge in Bitcoin Exchange-Traded Funds (ETFs) and their impact on Bitcoin's market dynamics. They note that Bitcoin ETFs now account for 7% of all Bitcoin supply, amounting to approximately 1.4 million BTC or $150 billion.
TiVo:
"The Bitcoin ETFs now hold 7% of all Bitcoin supply. That's $150 billion."
[15:07]
Brendan:
"That's wild."
[15:28]
They discuss how institutions like Deutsche Bank planning to offer crypto custody services by 2026 signal broader acceptance and integration of cryptocurrencies into traditional financial systems. This institutional backing is seen as a catalyst for sustained inflows and market stability.
Timestamp: [17:13] - [21:55]
Matt Hogan's Insight:
Matt Hogan from Bitwise advocates for increased crypto exposure within investment portfolios, suggesting allocations as high as 40% for those seeking substantial growth and willing to bear higher risks. He underscores the maturation of the crypto space, citing enhanced governmental support, institutional engagement, and the stabilization of crypto assets as factors enabling higher investment thresholds.
Matt Hogan:
"Today, I'm saying 40%. That's astonishing, right?"
[18:39]
Brendan & TiVo's Reflection:
The hosts reflect on the evolving narratives around crypto investments, emphasizing the importance of diversified exposure through various instruments like individual stocks (e.g., Coinbase) and ETFs. They highlight how early adopters and institutional players are driving the increasing prominence and integration of cryptocurrencies in mainstream investment strategies.
TiVo:
"There's something to be said about the community... 24/7 access inside a buzzing crypto community."
[20:25]
Timestamp: [25:06] - [28:22]
Tom Lee on Bitcoin Churn:
Tom Lee discusses the concept of "churn" in the Bitcoin market, where existing investors with significant gains (e.g., from $100 to $100,000) may cash out, leading to price stabilization despite high inflows from new investors.
Tom Lee:
"We have clients that have bought Bitcoin at $100 and now it's 100,000. They're probably sellers at around 100,000."
[26:09]
Brendan & TiVo:
They analyze the implications of this churn, suggesting that while long-term holders may take profits, the influx of new institutional and retail investors remains a bullish factor for Bitcoin's future growth prospects.
TiVo:
"95% of institutional money still is really not super exposed to the crypto market."
[27:18]
Timestamp: [28:22] - [30:16]
Fear Greed Index Analysis:
Brendan introduces the CMC Crypto Fear Greed Index, noting that it currently sits in a neutral zone, suggesting a balanced market sentiment. This neutrality indicates room for potential upward movement without immediate signs of extreme fear or greed driving prices.
Brendan:
"We are sitting neutral at just below all-time high levels."
[29:27]
TiVo's Perspective:
TiVo concurs, interpreting the neutral index as a sign that the market isn't overextended and that bullish trends could resume, supported by ongoing institutional investments and strategic asset accumulations.
Timestamp: [30:49] - [32:24]
As the episode wraps up, the hosts reiterate the importance of staying informed and engaged with the crypto community. They encourage listeners to utilize available resources, participate in community discussions, and consider the strategic insights shared throughout the episode to navigate the dynamic crypto landscape effectively.
Brendan:
"There’s always going to be some volatility... plenty of opportunities."
[30:16]
TiVo:
"We’re just scratching the surface of this stuff. It’s an exciting time to be in the crypto market again."
[23:19]
Ethereum's Strategic Accumulation: Tom Lee's initiative to create an Ethereum Treasury mirrors MicroStrategy's approach with Bitcoin, potentially bolstering Ethereum's market position and network security.
Institutional Engagement: Significant inflows into Bitcoin ETFs and plans by major banks like Deutsche Bank to offer crypto custody services signify growing institutional trust and integration of cryptocurrencies into traditional financial systems.
Market Sentiment: The Neutral position of the Fear Greed Index suggests a balanced market with potential for upward momentum, supported by ongoing strategic investments and institutional support.
Investment Narratives: Expanding crypto exposure within investment portfolios, as advocated by experts like Matt Hogan, highlights the maturation and mainstream acceptance of cryptocurrencies as viable investment assets.
This episode of CRYPTO 101 provides comprehensive insights into the current state and future prospects of Ethereum and Bitcoin, underscoring the pivotal role of institutional investments and strategic asset accumulations in shaping the crypto market's trajectory.