Transcript
A (0:00)
Foreign, everybody. Welcome back to the Crypto 101 podcast presented by Gemini, your bridge to the future of money. And if you're here, you're wondering, why is crypto down? Why are stocks down? Why is gold down? Is the world falling flat on its face? Why are all of our assets down? We thought it was October. It wasn't. Now we're going for this Q4 rally. You're wondering if it's going to happen. Well, you're in the right place. We are going to break it all down for you as we do every single week. My name is TiVo. Thank you for joining us on a Friday afternoon. I'm also joined by Brian. Brian, welcome. We're wearing all black. You think we might be going to your funeral, but I know that's not the way that we think in these markets. We have a huge sheet to run down with everybody today. A lot of opinions, a lot of educational stuff, and then just to keep the lawyers happy when the markets are volatile like it is today. We're not your financial advisors. This is not personal financial advice. But we do have some thoughts and we do have some research and we've gathered all the media we can for you today, and we're going to run everything down from stocks to crypto to the AI trade to the meme coins. We got it all for you today. Brian, welcome. Excited to do this with you today, even though it's been a bloody week in the streets.
B (1:17)
Yeah, been a little bloody. I wore black just because I want to feel slim today, not because we're going to a funeral, but we're, we're going to certainly have our own fair share of opinions on what, what's going on. And we're getting. That's what, that's what people come here for, man. With the permeables. We look on the bright side of things, and we definitely have some bright things. We got some dark side of the talk, but overall, just fired up to be here with you on this Friday.
A (1:42)
Yeah, I think, yeah, we are, we are the perma bulls here. And again, it's the. I do have a zoom out. We say that all the time in the show. We do have a link for that, but we can, we can kind of just start off with the macro points. And so I think that the markets as a whole are now kind of getting an upset tummy for how long the government's been closed. And I don't know if you remember this, but we're going to talk about Poly Market into the show. I Remember I threw out the 30 plus day government shutdown bet. I just thought it would be a little bit more aggressive than it was, a little bit more of, you know, good odds on that. But I also thought it was a little bit of like a hedge, right? Like, hey, if the government shutdown does last this long, the markets aren't going to like it at some point. And those first two weeks it seemed like nobody cared. Now they're cutting flights, you know, now we're not getting jobs data for a month straight. And so that kind of quote unquote, flying blind in the far, flying in the fog, they can't see where they're going for the Fed. What's going on with the jobs numbers? Is the economy healthy? You know, I think the markets are starting to shake their fist over at the government and be like, hey, you got to get this figured out, you know, Democrat or Republican, like, hey, we're all working here. Like let's, let's get this thing back open. So I think that has something to do with it. Another big macro thing that we could start off with is the AI short trade. It was what it was the who's the famous guy from Michael Burry, from the Big Short put on like a big short on Palantir and Nvidia. So that got people upset. There's just, and again we are at all time highs. So it's like there's, there's a lot of stuff brewing in the markets. But crypto specifically from the macro thing, what we're seeing is like, hey, retail's running around like a chicken with their head cut off. But the institutions aren't, the institutions are still bullish, they're still putting out bullish commentary and we have a ton of that to bring to you today along with our own thoughts. So I guess we can, we'll jump into coin market cap. Brian, I'm going to bring that up on the screen and kind of hand it over to you as we, we take a look at the Fear and greed index dipping into fear and probably towards extreme fear at this point. But what are you seeing?