← CRYPTO 101
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- [00:00]
TiVo
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- [01:25]
Brendan
All right, everyone, welcome back to the crypto rundown where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology, from the fundamentals in the news to the technicals on the charts. We spend the time doing hours of research so that you all don't have to, and we bring it to you completely for free. So happy freaking Thursday. It's a big day in the crypto markets. It's a big week, as it normally is over here. We got a lot of important topics that we want to discuss. And starting right from the top here, I mean, lots of macroeconomic news. We had fomc, we had big tech earnings, yet we still didn't get a rate cut. And the crypto markets responded accordingly. On top of this, we just got the long awaited White House crypto report. We're going to talk about all the juicy details inside of here. It's a little bit of an oxymoron there because you'll find out as we get into it with maybe the Lack of GSE details, but we're going to talk about what was discussed inside of it. However, there is a lot of other juicy material that we need to talk about. Not only with JP Morgan continuing to jump on the crypto train, partnering with Coinbase, making some big decisions and stepping in the right direction, but we're also seeing records broken on the Ethereum ETF side. Michael Sailor coming out and saying that it is going to be a historic earning sessions for strategy and overall crypto adoption is pushing and continuing. So t, we got another awesome rundown here, lots to talk about. Are you ready to do this thing?
- [02:57]
TiVo
Yeah, man. An exciting day, A cool little macro day. To recap fomc, we'll do that. The jump and then those big tech earnings that came out last night absolutely crushed and are sending markets higher. So I think there's a little bit of macro news to, to take us take an antidote with. And even though necessarily not directly crypto related, I think it's a macro market discussion. And then yeah, some really fun, you know, the crypto report, but some other really, really fun topics here on the, on the back end that, that we're excited to get to.
- [03:31]
Brendan
I mean, let's kick off with the macros first. This is just gigantic news because we had FOMC yesterday. We have big tech earnings this week. We have a lot going on and it's moving the markets and you know, it's, the markets have been at a place where like okay, you know, are we going to, are we going to pull back yet? Is this the new norm where we just see green on green on green? I think that the, I think the Ethereum ETFs are on like a four week green streak or something like that. I read something saying that they were at 19 days of consecutive net inflows or something along those lines, which is just a crazy number. I'm having weeks and weeks of inflows. But on the macro side as well, we're seeing a lot going on and when the things that stuck out to us, we were texting about this yesterday as it was happening, Microsoft and Meta earnings came in and both of them just crush. They're spending more but they're also seeing big growth and just about an increase to everything of importance. So what does this mean and how does this affect crypto? Well, when we look back at Liberation Day, right, everyone was saying, oh, you know, the tariffs are going to affect this, the changes in policy are going to do that. It's going to be so bad. There's going to be inflation. There was fears about all these things and so far, like everything has been wrong. Earnings, they said earnings would get hurt. Earnings haven't been hurt, they're growing at like record rates. These are some of the best earnings, if not the best earnings that we have ever seen. Tech's growing, finances are growing. You're having really no sign of inflation, at least not thus far. Everyone said, oh, it was going to happen. And then they always say, oh, it'll be next month. Oh, it'll be next month. It's August. We're, we're pushing into August tomorrow. Really no heavy sign of inflation picking up really at all. And so everyone who thought the market was going to crash, there's going to be a depression, there's going to be a rise in inflation, earnings reports are going to get hurt. The crypto market was going to crash. The people who said all this, they've been so incredibly wrong. And we want to bring this to everyone's attention because what does this mean? Well, if big tech is crushing it and we're not seeing any of these effects, what does that mean for risk on investors and what does that mean for the crypto market? Well, that's a positive sign. It means, hey, there's probably more upside. The warning signs that people thought would bring crypto lower and probably the tradfi markets as well, they're just not in sight. I can't see them. And we're seeing a lot of things push up to the upside. So I think bitcoin and crypto and altcoins, they all have more upside potential here. I think the only dark horse was with that FOMC rate decision that we had yesterday. We've said, hey, rate cuts are historically a really good thing for the crypto market. Us over here biasly being towards the crypto markets. We want to see rate cuts because we know it would send bitcoin higher, it would send altcoin higher, it would send everything right, Everything would probably see quite a bit of upside. If we got rate cuts, it's no surprise that we didn't get one yesterday. The likelihood of us getting one yesterday was really, really low in the first place. But I think seeing earnings crush and everything crush and do so well and not get those cuts is just as infuriating. And the big argument now is like, oh well, the economy is doing so well, we don't have to cut. But I think that that's a double edged sword. Right? Because, and we've ranted about this, I don't Want to make this too big of a segment, right? I want to keep it more crypto related. But you know, for the Fed to, to, to kind of bouncy ball or bounce beam between we're forward looking, we're backwards looking, we're data looking, we're reactionary, we're actionary. And it just feels like they are saying whatever it is to fit the narrative that they want to push here. And that's just the way that it feels. Right. Just from my bias perspective, that's the way that it feels to say that they used to be backwards looking and now they're forward looking. I'm not sure what to say here because so far we haven't seen the effects of inflation. We haven't seen any companies like struggle with this stuff. And the biggest sectors here is the private sector. It's the smaller sectors. Large caps are doing great. But I think the rate cuts are needed to help the private sector and the smaller ones. And that's where it would just help everyone out the most. So you look at this no rate cut yet again, but everything is as healthy as can be. And I think that we can see, I think we can have a world where there's both rate cuts and a healthy economy and there's like healthy markets and rate cuts at the same time. I think we're at a stage of like maturity and especially like where we're at right now where we could easily see both. So, you know, a little bit of a letdown, definitely not a surprise. But I mean, what are your thoughts on this?
- [08:23]
TiVo
I really don't have much to add just because I think to your point, it's not something to go over. I really think that, yeah, it's confusing to try to figure out how the crypto markets, I'm not, sorry, how the Fed is, is making their decision. The most interesting note was there was two dissenting opinions. So the Fed govern or make up the board and usually, you know, every once in a while like one Fed governor might dissent and disagree with the decision. This was the two, two Fed governors dissented, which is the first time in over 30 years. So you're getting to the point now where, you know, even the Fed body, which is a, you know, historic governing body of, of monetary policy is, is, is making historic moves as well in the sense that, you know, two, two dissenting opinions is actually more interesting than the decision itself. But you know, short and sweet here, this is really what the markets think of, of the Fed right now as a whole. It doesn't matter what you people think.
- [09:34]
Brendan
That'S how it feels.
- [09:36]
TiVo
It exactly. That's exactly why I pulled up that clip. I, I didn't even think of that until you're talking and you're going to toss it to me. I was like, well what do I think? And I was like, the market doesn't matter, the market doesn't care. It's like pal, the market was up all day, Pal does his little Q A. And then I think it's just algorithm trading, honestly. They get a couple sound bites and they parse through the information and then there's this sharp sell off right after he does the Q A. And then tech earnings come out and we're up double digits. So it's like, you know, it doesn't matter, it does not matter what you think.
- [10:06]
Brendan
And like that's, you look at it and like obviously retail wants this, obviously the private sectors want this. Anything that's not a large cap wants this. It's clear the government wants this. You look at like all the financial people even on cnbc, even they're like, at this point they're like, is this really still going on? And even they're having a hard time believing it. And it feels like it's like an auditorium of everyone outside of the Fed and maybe a few of the large cap players which even they would benefit from, but everyone outside of the Fed and they're just like, ah, we don't care. But I don't know, again, I'll withdraw from this. That's the last I'll speak of it. But you're right in the sense that after we saw this happen, there's a really sharp sell off in crypto. And I was looking at it and it was looking like a breakdown. It was looking like it was going to send us lower. The crypto market did not react well to not getting rate cuts once again. And we saw a bit of a sell off. And it wasn't until the earnings came out that things started bouncing back to the upside and saying, okay, well you know, yes, we aren't getting the rate cuts we wanted, but at the same time everything is doing very, very well on the flip side of that.
- [11:13]
Cody Carbone
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- [11:47]
TiVo
Another point of doing very, very well. These tech earnings came out last night and absolutely crushed Microsoft. Meta. I think the, the standing point of Microsoft was their, the pure supply and demand of their cloud infrastructure. They're running into a supply problem. And then when it comes to meta, obviously their huge bet on AI where they're going out and everybody's seen the, the notes of them poaching top AI talent, giving them LeBron James type contracts. We're talking 100 million dollar contracts to come over. And I feel like, you know, the, the, the bulls are gonna, are saying, you know, this is the second, third inning of the AI revolution and the Bears are saying actually you know, this AI stuff isn't going to come to fruition and bring the value that the investment is, is, is it's going to be a, you know, it's not ready yet type of thing. Too much investments going into it and you keep waiting to see these capex numbers go down and maybe you know, the profits come down because too much capex. And I mean dude, Meta absolutely crushed it last night with capex rising. So it's crazy.
- [12:49]
Brendan
It feels like everyone's crushing it. You know the only one that I've seen maybe not do great was Spotify. But you have like, you know, obviously Meta, you just had Microsoft, you had oh man, who. I just had a bunch of examples and now I'm brain farting on it. But you had a lot of these, these companies. I know even like so far, even in the traditional space, they've been making a huge push for crypto. We were talking about it in our group chats last night so far is making a huge push into crypto and so far they've reaped the rewards of it. They came out and they were crushing Robinhood who has been doing great and just seeing tremendous growth again making a huge push into the crypto markets. They crushed it as well actually.
- [13:32]
TiVo
Fun, fun fact from Robinhood obviously you big Robinhood bulls in general. The only thing that Robinhood missed on was their crypto revenue. Was the guy I thought that was really funny. The only because crypto's been so high. I mean it's just because I think the estimates got too high. But they crushed it on everything else and they missed on crypto revenue which I don't know as a shareholder, I mean as a crypto person, I'm kind of like, damn, I wish they did better. But like, at the same time it means that their business is maturing so well.
- [14:02]
Brendan
It is. And I think with the crypto side, they kept raising the expectation and raising the expectation because for a while it was growing at like an, at an uncontrollable or an unsustainable rate. And so they kept having these crazy raises on what they were expecting. And eventually you get to a point where you're like, all right, it's going to be tempered back into reality. And that's a little bit of what we're seeing now at the moment.
- [14:24]
TiVo
Yeah. And it's just, it's a quarterly estimate compared to like, just go look at year over year for a bunch of, a bunch of different stocks and it's absolutely crushed. But Robin Hood, year over year is, is unbelievable. But we bring that up, I think it's time to transition to what the people came for, what they know, what they love. We're going to dive into the crypto part of it now. We're going to start off with some technical analysis just to tie a bow on it before I hand it off to Brendan. The reason that we bring that up is to showcase, number one, just the macro environment of what's going on. Number two, with all this tech earnings and the stock market flying high. I personally think it showcases how much this V shaped rally off of the Liberation Day lows is truly, is like one of the most hated rallies of all time because you have all this cash on the sideline and then you see these reports from the metas, from the Microsofts and these stocks are going up, you know, 8, 9, 10. I think Meta was up 11, 12% at the bell. This, this is showcasing how much cash is on the sideline waiting for these dips, waiting for it to come back into them because either they sold or are they missed out. I really think it's showcasing how much of a hated V shaped rally this whole move was in general because these type of moves on this big of a stock with this market cap is, is an insane amount of money inflowing to it overnight off of earnings.
- [15:35]
Brendan
Yeah, no, you're right, man. And we always like to kind of show the link between the two and like what the macroeconomic environment looks like. Because I think that understanding how healthy that looks just bol. Bolsters the case for crypto. Because if you look at all these big companies, they all want in on crypto, right? You look at, you know, we've talked about Uber and Amazon and JP Morgan and all these different publicly traded companies, like, they all want in on crypto and a lot of them have already started working with it. So understanding that they have a lot of cash on the sideways, on the sidelines, they're very successful, and they're about to be spending increasingly more crash cash on the crypto market is an important thing to understand. It's not like they're in, like, a tough spot where they're like, maybe we won't be able to spend as much on crypto. Maybe we'll have to dial back on R D and development and other stuff. No, it's like they are going all in on this and they're crushing. So I just think that that accelerates the way that they're going to be looking at handling and growing their crypto side of things, similar to how we said, like Sofi and Robinhood have done that coinbase with a huge partnership with JP Morgan. I'm sure we'll. We'll talk about that in just a few minutes here. But, yeah, you know, healthy on the tradfi side, especially as they see adoption. Yeah. And TiVo, you're muted for a second here. Just.
- [16:58]
TiVo
Yeah, my apologies there. The last day on vacation, so we got the. The whole fam. Enjoying some breakfast. But the. I was saying, oh, we got a great JP Morgan segment, teed up with everything from the news to hot takes to even some memes. So we'll tease that, but let's give the people what they want. Brendan, let's pull up the charts.
- [17:16]
Brendan
Yeah, let's take a quick look at the charts and see what's happening over here. It is a fascinating time because we're getting a little bit of choppy price action. Starting things off over here with bitcoin still just consolidating. I'm a Little bit nervous, TiVo. Got to be honest with you, I'm a little bit nervous. It's not every day I come on here and I say that, but what we're seeing here is lower highs over here on bitcoin and a pretty stable level of support around 115, 116k typically. This reminds me more of like a descending triangle. I know, it's not perfect, right? It's not. But, you know, we're seeing ourselves kind of put pressure into the downside, and so that tends to make me a little bit more nervous on the bitcoin chart in the short term. So what does that mean? Well, maybe there's a possibility that we retest our previous all time high area around 110, 111k, down a little bit deeper towards that 50 day moving average. I'm not rolling that out at a time like this. And listen, I'd love to be wrong. We are seeing bitcoin kind of consolidate below this 20 day moving average as it's seeing lower highs. I think there's just a little bit of pressure building towards the downside here. So we like to keep it on bias, right? We always talk about the good, the bad and the ugly, but yeah, I mean, just looking at this, there could be a little bit of a push down here in bitcoin and I'd love to be proven wrong. I think any kind of higher high here above 120k and closing up there, I think that that invalidates this idea. But so long as we continue to see lower highs building into this flat support around 116ish thousand, I think that that creates a little bit of a red flag here on bitcoin. So again I, I'm very optimistic in the mid to long term. I'd say I'm much more cautiously optimistic in the short term, acknowledging, hey, maybe there's a couple percent of a, of a retracement back down to a more reasonable point. And then I think we have this kind of slip dip in a rip idea kind of coming out of that.
- [19:21]
TiVo
Wouldn't be the first time we saw that slip dip and a rip.
- [19:25]
Brendan
Yeah, it wouldn't. And like you look at a lot of these other like legs up over here and like it just happens, right? You know, we move up, we pull back, we move up, we pull back, we move up. Bigger pullback, we see a bigger move up and then we pull back. And this is just the kind of thing that happens, you know, over here on bitcoin we saw a 12 and a half percent retracement. If we were going to see that again, it would bring us down to 107k. Now I don't know if we'll actually get down that low, but I bring this up because retracements are normal, they happen, it's not a big deal. And when they do happen, that's actually where I'm doing the bulk of my buying. So rather than buying at all, we.
- [20:05]
TiVo
Got Mike Lyon in the chat saying he needs, he needs a slip dip in a rip T shirt. I actually don't hate that idea. With a pretty good idea. Yeah, I like that idea. Like some kind of charting, make the candles some type of funny, funny vibe and then have just like slip, dip and a rip underneath. I kind of like that. We might work on that for the, The Christmas drop, Mike. Thank you.
- [20:27]
Brendan
Yeah, you know, exactly, man. It's. I think that's a great idea. In fact, I wish people would come into the chat and tell us stuff like that more often because we just have these sayings. We're like, oh, slip, dip in a rip, break, hook and go. And we say all these like, crazy things and there's probably some like, yeah.
- [20:42]
TiVo
Shout out to Mike there. David's in the chat. Tim's in the chat as well, and he said the bagel army is ready to go. I am thinking if ethereum hits that $4,000 number that I'm going to make a crypto bagel T shirt just for myself. If we hit that, I'll give it till. Can we give it to the end of the summer to break? We'll say the bagel call. Is that fair?
- [21:04]
Brendan
Yeah, I guess.
- [21:04]
TiVo
It can't go underneath, though. That's the problem. It can't. It can't test 100 day. But if we break 4k and get up to that 4142 by the end of the summer, I'm going to the crypto bagel T shirts, even if it's just for me, I'll put them on sale. But even if it's just for me.
- [21:19]
Brendan
If it happens, I'll, you know, we'll. I don't know, we'll do something funny. I'm down for that.
- [21:25]
TiVo
Yeah. And then check out below if you're on YouTube. We got the merch store up, we got the Mona Lisa bitcoin shirt. A lot of fun stuff. But yeah, I think I'm going to make some new designs. So we'll. We'll put those in the queue.
- [21:37]
Brendan
Absolutely. We love. Man, I love the chat box. If you're not here live, it's awesome. You should definitely join here live one of these days. But let's move it on to Ethereum here. Etherium pushing up into that big resistance area right around $4,000. And what we're seeing over here is that again, we've said, hey, this is a big resistance. We've come up here, we've rejected 30%. We've come up here, we rejected 40%, come back up, rejected 60%. To the downside and seen these really deep pull pullbacks, we're still at resistance territory. We can continue to see that, like after some of these really sharp moves upwards, all of a sudden Ethereum struggling and it's at this zone between 3, 804 K. So if we can start seeing ETH, start push above 4,000, 4,100, start closing up there it is essentially in price discovery mode with the only last resistance being the all time high around 4800. I'm still looking at this pretty cautiously. Again, cautiously optimistic is the name of the game here. We've had a fantastic move. Retracements do happen. We're at a massive area of resistance. If we break through this, then the bulls are very clearly in complete control and the biggest resistance zone is behind us. I am just treading a little bit carefully around here because we know what's happened in the past, but eventually I do think that this 4K area is going to break. I think it can break by the end of this year. I'm just watching to see are we going to break it right now or will we break it in a month or two or three months from now? So keep an eye on Ethereum up here. Again, I do think it's going to break. It's just a matter of time. It's not a matter of if, it's more of a matter of when. In my books, and again, I'm always a trader, so I look at this through a trading lens saying, do I want to buy at the resistance area where we've seen 30, 40 and 60% pullbacks historically every single time. You know, it sounds a little bit scary for me to buy at the absolute peak of the resistance level, but on pullbacks, Ethereum is something I'm still very, very bullish on, and especially if we break through and just disrespect that resistance. But, and the thing is, TiVo, you know, we've seen a lot of positive sentiment on Ethereum just in general. Like, you look at it from the fundamentals and the technicals and it feels like it's just winning. It's just winning all around.
- [24:01]
TiVo
Yeah, it's, it's definitely won the narrative, but again, it's. We've talked about this many times, so not nothing to dive in deep again, but just the narrative has completely flipped because, you know, months ago, a couple months ago, right? It was, it was, the ETH is dead. And I feel like the Eth is dead thesis was on the timeline for almost, you know, a year plus as bitcoin was completely outperforming, you know, so harshly to the upside. You know, the people that were holding Ethereum felt like they were just missing out because Bitcoin's ripping so hard. So that final that final drop below 2K into that, you know, 1500 range was just devastating for people. And the Ethereum dead thesis just made a lot of sense. But now, you know, looking back on that, you feel, you feel super silly selling, selling your Ethereum around that fifteen to eighteen hundred dollar range. After seeing the, you know, tokenization efforts by Robin Hood, the Tom Lee becoming on the board of a Ethereum, you know, treasury company. I think we got SBET coming up later in the show. Just keeps buying. I think SBET's buying ETH every day. So it's, it's a narrative right now that's definitely hot in the streets and, and the continuation that will, will, I think again never personal financial advice, but will will continue higher if that narrative stays strong and you continue to see the momentum around these treasury companies and just kind of it being the talk of Wall street, tying into the point that you said on the top of the show, it's not always super fun. You know, we love crypto and it's not super fun talking about FOMC and then obviously the tradfi stuff, you know, meta and whatnot, is not necessarily our lane, but it's cross pollinated now. This isn't five, six, seven, eight years ago where, you know, tradfi and crypto weren't linked. It's, it's lockstep now. So it's important.
- [25:46]
Brendan
Yeah, it is. And you know, we've seen other altcoins move here as well. You know, obviously I think the Ethereum there as one of the hottest. When Ethereum's, I don't know, dominance was kind of at its low. That's when we saw bitcoin dominance high but also Salana dominance was really high. Salana before you.
- [26:03]
TiVo
Hold on. Before I got a question from Tim on ETH before we jump to Salana. So Tim had a good point. He's like ETH had its highest movement between like the middle of the night between like you know, midnight and 3am so he's wondering is that overseas buying? You know, I don't think we know for a fact him. So we can't, you know, tell you exactly what it is. It could be overseas buying, could be OTC desk buying. It could be these companies, right, they want to buy during low, low volatility, right? So they can get, you know, the price they want. But Bren, do you have any thoughts on that for Tim?
- [26:33]
Brendan
Yeah, it very well could be. We've seen that in the past, especially when a lot of the Asian markets come online. We have seen Them go and buy pretty heavily. So I wouldn't be surprised if that was the case. I think in this event, like as of yesterday specifically, again going back to the tech earnings, we saw those happen in the aftermarket and then we saw the, the futures market for like NASDAQ and tech really pump overnight. So I think that might be part of it for last night specifically is that we just had an overnight rally in, in tech and in crypto specifically because of some of the stuff that we saw. But yeah, you know very well could be we've seen similar stuff happen in the past. But yeah, I mean if we want to keep it on and just, you know, just kind of look at the rest of the altcoin market at a high level. I saw Tim say I owe Brendan an apology as I am also mad at XRP too. I didn't hear the first part of the pod and I went back and I listened to it and it wasn't cool. This is in regards to what we talked about on Monday just with Chris Larson, you know, allegedly selling off, you know, hundreds of millions of dollars of more xrp. And you know, it was a shame because XRP was crushing it, doing well all time highs, just killing it. And then this happens, you know, for I don't know how many times this has happened, but quite a bit. And you know, even now it's kind of consolidating right around three bucks. It is a little bit of a support zone, but you can see the effect that the selling pressure has had kind of just floating around its local low. You can see it's a little bit further away from the highs. Same thing with Solana though, and they didn't have the same kind of issue. They're coming back into their previous highs over here trying to find some support above that 200 day moving average. And the thing about ETH is like it's just not seeing that level of selling. You know, you look at Ethan, it's right below its highs. You look at bitcoin and it's similar. Ask where it's right below its highs. It's not until you get into some of these altcoins where they're seeing a little bit more selling pressure. But that's just kind of typical given the stage of the market. And yeah, I mean bitcoin dominance is climbing a little bit as well. So overall, you know, it looks like the large caps are holding on a little bit stronger at the moment. But as bitcoin dominance drops, which I think if we look at the big picture I always like to show this, like, if bitcoin dominance does go back to 40%, then, I mean, altcoins have a ton more upside potential.
- [29:01]
TiVo
Yeah, I think that's what everybody's been positioned for and waiting, even going back as far as a year ago. Right. So bitcoin dominance, kind of like what we said about the ETH story is like bitcoin just outperforming, outperforming, outperforming, and kind of waiting for that, you know, segment of, of the altcoin season is here. But I know the team's really bowled up. I was texting Bryce yesterday. We're just kind of going back and forth. Bryce is bowled up. And, and I think anybody that's been here again, long term, you know, again, you've had, you know, some winners, you had some losers, and for the most part, the market, all boats have lifted higher, but you're kind of waiting for that, you know, breakout. And again, I think that narrative around Wall street coming in is, is. Is kind of that capital that, that starts flowing in and can, can definitely lead us higher. But the reason I believe Wall street is in is that there's more than, you know, it's not just Wall Street, Right. It's. It's the government side of things. And so we had the crypto report come out yesterday from the White House, and we were excited about this kind of going back two weeks ago when it was announced. And, well, we're gonna break it fully down. Let's start off with. There was a. There's a 60 second video I got here. It was kind of like the recap video they made. I think it's just worth watching because again, when the White House tweets something about crypto, you probably want to check it out. So let's watch this video then. Brendan's going to dive us into the report and we'll kind of give some takes around what we thought about it. Cody Carbone, CEO of the Digital Chamber.
- [30:28]
Matthew Pintier
Matthew Pintier, Executive Director of the Bitcoin Policy Institute. This is an exciting and historic day for the crypto industry. We're celebrating the release of a comprehensive digital assets report from the Presidential Working Group.
- [30:39]
Brendan
It's a marquee event in the history of America's approach to digital asset policy.
- [30:44]
Matthew Pintier
And bitcoin in particular. We have a blueprint that will unleash America's ingenuity and bring the innovation that has been offshore back into the United States, making the United States the crypto capital of the world.
- [30:57]
Brendan
A massive shout out to President Trump.
- [31:00]
TiVo
Beau Hines, David Sachs, and all of.
- [31:02]
Brendan
The agency heads who contributed to this report. We are so appreciative of this administration, this president, for prioritizing digital asset innovation.
- [31:09]
Matthew Pintier
And leadership and ensuring that we are in the golden age of digital assets. It is time that the US Is the crypto leader of the entire world. And this report puts us on track to be that.
- [31:22]
TiVo
So initial thoughts from me, to be completely honest to the listeners out there that trust us and ask us, we were getting tweets about it last night. You know, what are you seeing in the report? Kind of, kind of a lot of fluff. Kind of a lot of fluff. Not a lot to be excited about here specifically in the report. I think the positives are that it's front of mind. They're still doing events around it, and they keep kind of. I feel like they keep kind of punting a little bit. Like, you know, there's big stuff coming. There's big stuff coming. So eventually we really want to hear some kind of groundbreaking news and we're gonna. The next topic will be the reserve. We're gonna touch on that. But I want to toss it off to you. I know you went through the report. You're, you know, technical analysis guy. You technically dove into this report. What are you seeing? What are your takeaways from it? Even though it wasn't necessarily a groundbreaking.
- [32:12]
Brendan
Day, you know, here's the thing. I think it was. People felt as if it was a little bit more of a nothing burger because it wasn't as actionary as people expected it to be. And it was also just like it was very high level and foundational. So what do I mean by that? It painted the picture for how they want to address and approach the crypto market moving forward. So they talked about regulatory stuff. They talked about how it's traded. They talked about who regulates it and watches over it and how it should be treated as an asset. They talked about stablecoins in their role in promoting dollar dominance. They also just talked about some of these verticals inside of crypto, like Defi, like tokenization, like Ondo, and I think chain link were mentioned in there. And, you know, they talk about the role that this has with banks and in a tax society and how it's going to be taxed in a framework for, like, accountability and making sure that it is taxed properly. They talked about, you know, the kind of staying away from CBDCs or central bank digital currencies, which is a good thing. We don't want one of those they mentioned the idea of the bitcoin reserve, which was probably the biggest thing that they talked about in there. And just about like it was just very kind of policy and high level driven, like, how can we understand this, address this and like use it moving forward. But that was about it. It was just them like talking about it. It was kind of like if you went to a lecture of a politician who was going to talk about bitcoin, that's essentially what it was is. It was them explaining and dissecting it without really doing a lot or having a lot come out of it. And I think that's why people were frustrated is that they wanted something more actionable. You know, we wanted to know how much of crypto does the US actually own? What does the US actually own? You know, we wanted a more like detailed plan of like, oh, we own this much of bitcoin, this much of Ethereum, this much of Solana, this much of xrp, this much of fill in the blank. And we wanted a game plan. Are we going to be, what is the game plan for accumulating more? Are we going to accumulate more? Like, what is the steps of doing this moving forward? How is the U.S. going to, you know, promote the growth of the stablecoin market to, you know, essentially like back the dollar? Like are there going to be, I don't know if like contracts or grants are like, are they going to be subsidizing the growth of that sector? You know, they've said, hey, we're going to be the crypto capital of the world. All right, well like what steps are we going to take to get there beyond just explaining that we're going to do it. And again, like people wanted actionable steps of like, this is the next step we're going to be doing this. Growth is going to be promoted because of this, that and whatever. And we just didn't get a ton of that in here. It felt like very, just high level. And I think you're right to use the word fluff. It was pretty fluffed up. It was a really, really long report. I went through the freaking thing. I still have it actually pulled up here. I think in total it was 165 pages or something. So did it need to be that long? I know like in typical regulatory fashion, those things just are long.
- [35:42]
TiVo
But yeah, I mean, dude, you just said it. You just, you know, our sweet, sweet Brendan just dropped the word frickin live on the air. Like he was not happy kind of going through this and not getting any, not getting Any value from it? I don't know, dude. Honestly, the only, the only tidbit is like, I was sad that David Sacks wasn't really a part of it.
- [36:02]
Brendan
Yeah, why wasn't he a part of it?
- [36:04]
TiVo
Right? And so, dude, I, dude, when they, when they said this is. I really thought there was gonna be some type of press conference. So huge, huge miss by me guessing on that, to be honest. Hand up. And I think whenever there's going to be a huge announcement, David Sacks is going to be there. So that, that's, you know, going forward. I guess it would have been announced a day or two before, like, oh, a David Sacks press conference at 2pm you know, in the office with President Trump or whatever. So that's, that's what you're going to be looking for if there's going to be big news. And I do have a clip here, so I pulled a clip from Bohain. So Beau Hines kind of got interviewed on this and kind of looking for an update on the reserve. And so basically my thought was a couple weeks ago, right, there was all that fud on the timeline of our. Did the US Sell its bitcoin? And then it got debunked and then people were still fighting over it, you know, how much bitcoins the US hold. So I thought at least in the report we would get that again. Another miss. We did not. And so I think that was a lot of the questions. They're kind of doing this press run around the Digital Asset Group and, and it wasn't stated. So I pulled this clip of Bo Hinds getting asked about the bitcoin reserve. It is 90 seconds, but I think it's worth taking a look since, you know, we kind of got all excited about the support. Again, in our opinion, a little fluff, basically a nothing burger. But this is the most recent thing about Bohain's talking about the reserve. So we'll listen to that, break it down, and then we can move on.
- [37:32]
Matthew Pintier
I would love to know on a.
- [37:35]
Cody Carbone
Potential bitcoin strategic reserve.
- [37:37]
Matthew Pintier
Well, look, we have it. It's been established, the executive order in the sbr. We also have the Strategic National Stockpile, the Digital Assets National Stockpile. I think that one. We wanted to recognize bitcoin for being unique and we talk about what that looks like and kind of the threshold that bitcoin has created. It's in a class of its own and everyone recognizes that. But we also wanted to give credence to the work and the development that's happening across other ecosystems. And that's why we have this national stockpile alongside. You know, this, this actually requires some labor to get this set up properly. You have to build the infrastructure. You have to make sure that you're crossing your T's and dotting your I's to get this done the right way and have long term, long term success with it. But I've said ad nauseam, you know, we do believe in accumulation, obviously in budget neutral ways, as the President's outlined. But there are countless ways that we can engage in that. We'll act on those that can be most expeditiously implemented. And I think that people will be very pleased with the direction that we go in and we'll start moving on that in short order. But obviously in this report, if you read the first digital asset CEO, we're tasked with creating a clear and robust regulatory framework. And so that's what we focus on here. We understand the importance of the strategic bitcoin reserve. We're enormous fans of bitcoin and the bitcoin community and we want to deliver for them as well. And I'm certain that we will.
- [38:55]
TiVo
So the, basically the end of that clip, they said, how much bitcoin does the US Government hold? And he said, we can't discuss that right now. Which I think was, you know, a little bit what everybody was looking for out of this report. Thumbs down from Brendan. But in the middle there, in the middle there, accumulation is, is on our mind. And doing it in budget neutral ways is how we are going to execute on it. Basically saying, hey, we're still looking at this, we're still going for it. I do agree with the first part. As much of fluff as it was, you do have to create the framework, you do have to create the systems to go and do this stuff. So again, we're, you know, six, seven months into the administration now. I think, again, zoom out, right? We say that all the time. We're looking at the charts. I think maybe, you know, the other side of the coin could be maybe we're being a little greedy and wanting.
- [39:45]
Brendan
More and more and more.
- [39:46]
TiVo
I mean, we've gotten a lot in six, seven months, especially from the regulatory side. And so I agree, I understand that setting up that framework and the governing bodies to execute on these things, especially when the government starts buying this stuff, it's going to send, I guess in my opinion, it would send the market into a frenzy. Right. When the US Makes its first official bitcoin purchase and they advertise that, I don't know what could happen? I think that could be a wild, wild event.
- [40:15]
Brendan
Sets the standard.
- [40:16]
TiVo
Yeah, it sets the standard. It's a great way to put it. And so again, at the end there, as much as he said, hey, or the last question, I cut it off just a little long, was, hey, how much Bitcoin does the US Hold? Because I can't discuss that right now. That's, that's a question I think we would really like to know sooner rather than later. But maybe they're not discussing it because they're slowly accumulating it. That's one side of the coin. The other side of the coin is maybe they accidentally sold some from the last administration. So we're kind of in limbo again, back where we started there. But it's something that we need to follow. And even though it was a nothing burger, as soon as they do this type of report, again, it's something that we have to follow. So we'll bring it to you.
- [40:54]
Brendan
Yeah, spot on, man, spot on. And you know, even in regards to what's happening with the crypto ETFs, there was some news overall in that TiVo, right? I think we got some, some framework for.
- [41:06]
TiVo
It's a great transition because again, as much as you get this report and it's a, you know, a lot of fluff and a nothing burger, we're making the progress. And so friend of the program James Safart here and Eric from Bloomberg, basically have been kind of piecing together how the SEC and the CFTC combined have basically laid the Runway for how these crypto ETFs are going to pass. So there's certain criteria that they're going to have to hit, you know, from where they're, you know, what exchanges they're on. I think the futures contract is a big thing. And so if you can start to find different altcoin projects that, that hit these markers, then basically the framework, if you can hit all of them, then you have a green light for, for an etf. And so I think this was actually the most exciting news regulation wise this week of, of these guys pulling this together. But did you have any thoughts around it either, Brennan?
- [41:58]
Brendan
Yeah, I mean, this is what we've been asking for, right? And this is what most people have been asking for. And that was the one good thing that did come out of this report, is that we're getting clarity. All these companies who have wanted to adopt crypto, they said just give, we're willing to do whatever, just give us clarity. That was the big issue with Gensler is that these companies said, we're willing to comply by like whatever you say. Just let us know what, like what the lines are so that we don't cross them. Now Even with the ETFs, there's all these people filing saying, hey, we want ETFs, we'll make them compliant. Just let us know what we need to do. And that's what we're seeing a lot of here on both the ETF and on the White House summary side. And that crypto report, we're seeing like pretty clear standards for. Like, okay, if you want an etf, if you want this and that, here are the standards. And those lines are becoming increasingly more clear and clear and clearer. And I think that what that'll do is help the adoption of a lot of these new different products and use cases and everything for it to be increasingly more intro integrated into the TradFi market markets. So that's the way that I view this. I think it's, it's not a bad thing to have clear regulation so long as it's the right kind of regulation. And it looks like that's what we're getting here.
- [43:14]
TiVo
Yeah. And I think again, this is the things that have been moving basically super fast in that first six, seven months. So it's stuff to get excited about. And this is the floodgates I feel like are building. I feel like these, these crypto ETFs and staking as well. Throw that in there into the pond of water that's built up on this dam. And, and it feel this. I, I'll say Q4, you know, random TiVo prediction which clearly for this crypto report did not come true. So take it with a grain of salt. But I think Q4 is kind of eyeing up here where these floodgates might open for these ETFs for the staking. And I think it'll be a great time because it'll be exciting and then we can kind of get the rotation back of our favorite people in the space, you know, the Matt Hogans of the world, bringing them back on and see what they're saying. So I think I like, I like the setup here. I like, I really do like the setup, but kind of a transition here of people and floodgates opening and people buying in here and more and more things and products coming. Let's just start off with a video, Brendan. I mean, let's really just play this video. And this is the CEO of JP Morgan, folks, and this is him and his thoughts on crypto and bitcoin.
- [44:32]
Jamie Dimon
I've always been deeply opposed to crypto, bitcoin, etc. You pointed out the only true use case for it is criminals, drug traffickers, anti money laundering, tax avoidance. And that is a use case because it is somewhat anonymous, not fully and because you can move money instantaneously and because it doesn't go through as you mentioned all these systems have built up over many years or your customer sanctions ofac it's they can get bypass all of that. I if I was the governments I close it down. Okay. I've always been deeply and with that.
- [45:04]
TiVo
Ladies and gentlemen, we present to you, Jamie Dimons. J.P. morgan partners with Coinbase to enable credit card purchases on its platform and let Chase customers redeem points for not only USDC, but other crypto products via their platform. A huge day for crypto. A huge day for Jamie Dimon, renowned hater of the crypto markets, crossing the picket line and absolutely bending the knee. Let's give him, let's give him a round of applause. It's truly a bend the knee moment. Brendan, your first initial hot take. Thoughts?
- [45:48]
Brendan
I mean, here's the deal. JP Morgan has been going against what Jamie Dimon has thought about crypto for like at least a year or two now, like probably longer. It's clear that he's had this very biased stance against it. And the JP Morgan, the actual company itself, even though he's at the forefront of it, they keep adopting it more and more and more. And so it feels like they're patting him on the back and they're being like, okay, like we understand you're mad, but we're going to keep doing this. And then this is just another example of that where they continue to adopt crypto. Regardless of what his stance is, regardless of what he thinks, this stuff's happening. And it just goes to show, I mean, talk about some of the most powerful people on the planet or like on earth, like, you know, he's up there and if he is anti crypto and he can't even stop his own company from adopting this stuff, what makes you think adoption is going to happen? And adoption isn't going to happen anywhere else. Right? So I'll say that again. If Jamie Dimon with all of his influence and power, can't even stop his own company from adopting crypto, how are you going to expect adoption to slow down and stop anywhere else outside of that? Right? I just don't think you can.
- [47:01]
TiVo
No, it's a Ben, it's a bend the knee moment. I mean, he he has to make some type of public statement at this point. Next time he's on one of those panels or getting interviewed by the New York Times or whatnot, like, he's been so negative. And then to roll out a program that's backed by JP Morgan Chase that you're now redeeming rewards for. You know, not. It's not just bitcoin, Brennan. It's altcoins. It's stable coins. It's like, it's. I think it's huge. I mean, I went on a little meme spree yesterday. You can see here he's getting knighted. I can share. I can share this one here. And we have Jamie diamond walking in and getting knighted by the. The bitcoin army here.
- [47:38]
Matthew Pintier
Rise and be bound to the chain.
- [47:42]
TiVo
Eternal rise. What an absolute legend. He's got his cloak there. Of all the different altcoins. I mean, dare I say it, Dare I say it alive on air, guys. Jamie diamond has just become a crypto bro. We might have to send him a slip, dip and rip T shirt.
- [48:01]
Brendan
I think that I would love. As much as I would love to see him bend the knee and come out. And Sam, all in on crypto, I want to see Peter. I think his name was Peter Zion. The guy who went on Joe Rogan and just trashed bitcoin for like 15 minutes. Oh, man.
- [48:16]
TiVo
What happened? We always say, what happened to that guy? I don't clip around all the time. I haven't seen him. That's been tough.
- [48:21]
Brendan
He had a lot of hot takes on that podcast, but I think his hottest take obviously had to have been that crypto's worthless. It's going to zero. It's never going to do this and that. And like, I just want to see an update on him and him just be like, yeah, I was wrong. The unfortunate thing is that a lot of the times I think people are like, so ego struck by these events that they just won't. It's like the same thing with. With Peter Schiff. Right. Is he ever going to come out and say bitcoin's a fantastic asset? Probably not. But at least.
- [48:54]
TiVo
At least for. At least for Shifty, he engages with the community in kind of like a trolling way.
- [48:59]
Brendan
Yeah.
- [49:00]
TiVo
So I'll give. I'll give him credit there where, you know, he's very social media focused and smart, and he's built his brand around it. So I. And he. Dude, he's gone to, like, he spoke at bitcoin conferences. Like, I think his whole bitcoin experience Even if he missed out on the investments, he's obviously a very successful guy and, and crushes it on social media and kind of has, I think, fun with it. Even though maybe in the beginning he was more serious about hating bitcoin, I think now it's more of a part of, you know, his branding exercise, basically. So I, I think. Oh, yeah, dude, I, I just, I need more. Like, this can't be the end of the story. I really, I need more. Like, I need to hear from Jamie Diamond. Like, we're offering credit card crypto rewards. I just, I need more. I need to hear from him because you can't speak like that. Like, okay, that was what, two years ago? That wasn't that long ago. Like, oh, crypto. The only use case is it's for criminals. It's like, okay, well, what, what are you doing? Like, what are you doing with this credit card? I'm not even going to dive into. You know, there's. There's some files and this guy that had an island and he was banked by JP Morgan. We're not even going to dive into that. We don't want to get this podcast flagged, but I need more. I need to hear from Jamie diamond on it. So we'll stay apprised and, and keep it going, but we got, we got some hot takes to end the show here. What are we running? Oh, no, go ahead.
- [50:22]
Brendan
Yeah, I just checked back on Peter. I think his name is Peter Zion Zhan. I don't know how to pronounce.
- [50:28]
TiVo
Yeah, how's he doing?
- [50:29]
Brendan
I just checked. Dude, he's posting videos every single day still on his YouTube channel. Got about 900,000 subscribers, but posting every single day. And it's usually like him deep out in the nature, just talking like geopolitics and he's still going strong. I was going through all of his videos to see if he had anything related to crypto or bitcoin. Bitcoin or anything. And there's just nothing like the topic in all of, of geopolitics and crypto and all that. There's nothing in correlation to bitcoin or crypto. And so maybe that. Maybe that whole conversation is just buried for forever. But, you know, I see him talk about all these different things in the stock market and the tariffs and steel and aluminum and metals and rates and jpow, and there's all these other videos but nothing about crypto. So.
- [51:22]
TiVo
Yeah, you gotta. I mean, that's what you got to do. You just got to keep pushing on. You have A bad take. I mean you got to give. It wasn't a historically bad take but when you give bad takes, we've all had them. You just kind of at least I guess we he should acknowledge it and admit it because it's that bad of a take. But you got to move forward. So yeah, I guess as long as he's doesn't I, I doubt he'll venture into the, the crypto lane anytime soon the way, the way his channel's looking.
- [51:45]
Brendan
It sounds podcast Peter.
- [51:47]
TiVo
Yeah, that would be fun. That'd be a good time to have you. Yeah, that'd be a good time to get them on. But let's, I mean dude, how about us pushing up 50 minutes here. Another epic, epic two day week rundown. But we have fun and when these things veer off where we don't necessarily expect it sometimes. But let's, let's do some quick hitters here. Again wrapping up with eth. We kind of, you know, this has been an ETH bullish podcast now for about two months. We gave you the narrative. We saw Wall street doing it with all these treasury companies and then the Robin announced with Arbitrum that layer two. So let's, let's just give you a little ETH nugget and then we'll give you a bitcoin nugget and then we're going to get out of here and we're going to see you next week. So are also if there's any questions on the YouTube, start dropping them in. We can, we can hit a couple maybe on our way out. But let's start with our ETH nugget. Brendan. ETF flows. Unbelievable record breaking records here. What are you seeing?
- [52:43]
Brendan
Destroying records. We talked about it last week or maybe at the start of this week about how Ethereum had outpaced all of its inflows from the past 12 months in the first like three weeks of July. Now you look at it and it's just completely blown away. Those numbers Etherium has is ending around five and a half billion dollars in net inflows for July. Of course we still have today and there's still some time left, but just a ridiculous amount. And I think that if you would have said this at any other point before July, someone would have looked at you and said you're crazy. You know, and I think the previous highest month that the Ethan Flows have ever had was around like 2 billion. And you go and we're doing almost, we'll probably do almost triple that by the end of the, this month. So if we see any kind of sustained buying pressure that is remotely close to what we have seen in the ETH ETFs this month. If we see anything even remotely close to that for the rest of this year, ETH will be at new all time highs. That's my idea.
- [53:50]
TiVo
I love it man. I mean I got nothing to add other than the crypto bagel and the crypto bagel is a milestone sentimental moment for the Ethereum community, for the crypto community as a whole. The crypto bagel gave us belief, gave us faith, gave us strength when we weren't sure if we're going to be able to break this 4,000. You ever get a workout, I'll make sure you eat, make sure you hydrate, make sure you fuel. The crypto bagel is giving us fuel to propel us to all new all time highs on the back of all the beautiful stats that Brendan gave you. I think the stats are important, the ETFs are important, but I personally think as we put on that chart, the crypto bagel might be the most important thing propelling us into Q4. So we're going to keep that on the chart. There might be some T shirts available as well for the crypto bagel but it's something that we're going to watch. But I think just as important as all those stats is the bagel. But you know, thank you for pulling those stats Brendan. Let's do our, let's do our bitcoin nugget here. So the bitcoin nugget obviously around Michael Saylor as it is every week, Michael Saylor putting his dots every Sunday, buying bitcoin on the weekly it seems. But he posted this last night. It caught my eye. It said this will be the most important event in the history of strategy. If you're interested in bitcoin, our micro strategy, our strategy, you should join. And that's the earnings call today. So this afternoon, 5 to 6:30pm Eastern Thursday, July 31. A little bit of a teaser again. I think we were let down by the crypto report. So I'm not getting my hopes up here. I have no idea what it might be. I just feel like he usually doesn't promote the earnings call. He just kind of does the graphic tweet where he gives you the stats around it and how much bitcoin they bought and you know, the bitcoin, you know, percentages and the stats around the operations of the company. With bitcoin he doesn't usually promote the call. Do you agree with that statement? Any thoughts of what this could be for, for a historic earnings call?
- [55:52]
Brendan
I don't. You know, maybe they have a new product or some sort of new data point or some sort of new accumulation plan. I really don't know. The sky's the limit. Listen, you know, when it comes to Treasuries, they are the founding treasury. You know, they're the biggest. They're the number one out there that the earliest people who start doing it, I don't know, they have been pretty innovative with new products. So maybe it's something along those lines. Maybe it's like a new accumulation plan of like, oh, we're gonna accumulate this much over the next year or five years. I don't really know. But I'll definitely be keeping an eye on it because with someone of their size, you know that it does have the potential impact to. To push things higher.
- [56:38]
TiVo
Love it and. All right, we got two questions that came in. We're gonna hit them real quick, so I'll lead it off. Brendan, I'm going to toss it to you for a quick hit. So we got Jason here. Jason, what's going on, man? Need to figure out what happened with this latest dip. Are we to see a launch starting today? Patterns started to show for Thursdays. So you. I guess just to preface that, Jason, Brendan will give you a quick hot take. Definitely go back when we're done with the live. Go back to the beginning. Beginning of the show, like 10 minutes in. Brendan did technical analysis and kind of broke that down for you. But just a quick thought for Jason. Seeing anything specific to Thursdays, Brendan, or is this a launch pad higher? I know you kind of broke it down earlier, but just a quick take there.
- [57:22]
Brendan
Nothing too specific to Thursdays. I don't think Thursdays have any kind of like a significance. You know, there is the possibility for a dip here, maybe a little bit lower. I wouldn't be too surprised by it. And I think that if we do get a dip, it is like the ideal buy buying opportunity, in my opinion. So kind of the way that I look at this is I would love to see a slip dip in a rip, but I wouldn't be surprised if something comes out. Bitcoin just skyrockets higher. And like, I wouldn't be surprised by that either. So, you know, it does look like pressure is building a little bit to, like, the short term downside at the moment. But ultimately time will tell. And at any moment, the crypto market can just say, screw that, I'm becoming bullish and the virus flood in.
- [58:05]
TiVo
Yeah, couldn't agree more. Thanks for tuning in, Jason. Please subscribe. It's my first time kind of seeing you in the chat. Hope to see a lot more and for everybody still here. Appreciate you guys listening. Give the video a like, it really does help. It helps the channel grow. Give us a like and if you're not subscribed, make sure you subscribe, turn on the bell because we're going to be doing these lives a lot more like we have been the last couple weeks. And then we've got a question from the Sarge. Salute. Salute to you, the Sarge, welcome. Have not seen you either before. So the Sarge, Brandon, we're gonna help him out. He's a little lost. I'm so lost with invest just started of course bought in on all the highs and just kind of riding the waves, hoping to break even or sell and re enter. So Sarge, welcome to investing, man. You're in the right spot for, you know, definitely the crypto markets and getting kind of that 101 level to crypto. You know, the good thing is, is that you started. I think that's the most important thing. You're, you know, you got a lot to learn, obviously, and it's not always going to be straight up, but the best thing to do is starting. And so, so, and his thing is, what are the top three cryptos expected to take off? Sarge, we can't really give those out to you because it can't be personal financial advice to you on the top three cryptos that you want. I have one suggestion if you're interested. These are always going to be free. We're doing these, you know, three, four times a week. So we want to see you here all the time. If you're interested in kind of the portfolio of Brendan and Bryce and the team, if you scroll down, there's a link and we have a $1 promo. You can click that link and you can get, you know, our, our portfolio that we kind of recommend for for beginners. So scroll down, check out that link if you're interested. If not, we'll be here for you to kind of help educate you. But Brendan, any, any tips or tricks for the Sarge just starting out, just starting out here?
- [59:44]
Brendan
Yeah, you know what I'll say here, Sarge, is yeah, like TiVo said, welcome. It's good to have you, man. My thoughts here are, number one, we, again, nothing we say here is financial advice. But number two is when it comes to investing, typically speaking, my thought process the way that I like to play the markets is I don't like to buy all time highs. It can be really scary and risky to come in at a time where we're at all time highs now. I think if we pull back away from those a little bit or a lot, then it makes a lot more sense. So generally the way that I like to play the markets, I'm a trader, you know, I do investing as well, but you know, as bitcoin and crypto pulls back, I think if you are new, number one, don't overcomplicate it. You know, people will tell you all these crazy altcoins and stuff to get into. I think stick to Maybe the top 10 top 20 cryptos at the most. I really want to go too outside of that pool until you're really, really familiar with crypto and what you're getting yourself into. But I think start high level, you know, start high level, wait for pullbacks to enter in. Don't FOMO in at the all time high. If it's, you know, if there's a pullback, that's a different story. But also like look at what is trending upwards. The trend is your friend. If something has not been trending upwards since maybe April, I would say maybe look for something that has been trending upwards since April. We've had a really solid market rally across the board in both the traditional financial market markets and equities, but also in crypto especially. So most crypto should have been rallying since April, like pretty, pretty well. So I'd also use that as a little bit of a compass, like all right, how has it been performing since April? Is it at all time highs right now or is it pulling back a little bit? If it's pulling back, great and yeah, and then just don't over complicate it. So those are some of the my top tips for beginners. T. Anything else?
- [61:45]
TiVo
Yeah, I think you're such a seasoned and successful trader that it's great to hear from you in your opinion. But I also think that when it comes to just kind of getting started and involved, there's stats around buying all time highs for the S and P. And it's like if you buy every all time high, the s and P, one, three and five years later you're, you're up like you know, 80, 90 of the time. Some crazy stats. Same thing with bitcoin. Shorter history. So you can't necessarily compare that history to the SP 500. But you got to learn, you got to educate and you Got to find your strategy, and we would love to be a part of your education process. I. I think, you know, we got this YouTube channel, the podcast, so you're in the right spot. Subscribe, come back to our lives. And again, check out those links below if you're interested in learning more and getting more exposure to Brendan and the team as a whole. You know, that's what we do. We're here every day doing this stuff, so it's, it's all about education and, and just you got to start somewhere. So I think, you know, by taking the leap and getting started, you're. You're in the right place. But just make sure you educate and make sure you learn about risk management.
- [62:50]
Brendan
Yeah. 100%, man. So, you know, I have a saying. When in doubt, zoom out. So if you're looking at a crypto that you hold, use that saying, when in doubt, go to a chart, zoom out a lot. If the asset is only depreciating over the long term over the last couple of years, it's probably not a great asset the majority of the time. So use that as a, you know, use that how you will. Again, nothing we say here is financial advice of any kind, but when in doubt, zoom out. That's why we like bitcoin. That's why we like a lot of crypto so much, is because we can zoom out. We can see okay, hey, you know, regardless of the short term, they're gonna have dips and this and that, but we like to buy them on dips because the long term is to the upside. And I think that's where bitcoin does so, so well. So, yeah.
- [63:37]
TiVo
Wow, Brandon. Another hour episode. Unbelievable. But, yeah, it's the norm. And I think, as you say, we have fun doing it. And shout out to everybody in the chat, a lot of new names today. I'm kind of. Half of me's super excited. Half of me is a little sad because I feel like we didn't see our normal dnt, NFT and all our other friends that have been here literally every day. Must be busy, busy Thursday. They're getting after it. I'm sure they'll catch the replay. But super pumped to see all the new names, guys, and a huge viewer count. Huge, you know, chat interaction. So if you're new here, last call, please like the video. Subscribe. It helps a ton. Hit the notifications. Turn the bell on. We're doing at least two of these these a week, if not three. With Brian and Joe, it's. It's been super Fun. Two weeks. We've only been doing it for two weeks, but these episodes are so long, it feels like we've been doing it more. And. And the. The numbers, man. Then I'm all, you know me. I'm all about the numbies. The numbers have been super awesome, so thank you, guys.
- [64:33]
Brendan
Spot on. Well, hey, we appreciate everyone coming in here. We're going to continue to pump these out every single week next week. I guess there's a little bit of a caveat. I'm not going to be around next week, but TiVo I'm. You are?
- [64:44]
TiVo
Yeah, yeah, yeah. I'm gonna be around. I might bring on a guest, so we might have a guest on Monday. So we might only do two. Two again next week. I might bring a special guest to do a rundown with and then definitely have one with Brian and Joe. Maybe I'll tap Bryce, see if we can get him on. He's so busy. But we're gonna have a great interview with Bryce on Tuesday. I'm not sure exactly who it is, so I can't tease that quite yet. Maybe Franklin Templeton. Franklin Templeton. Hey, big, big laser eyes. Laser eyes on Benjamin Franklin for Franklin Templeton. So, yeah, great week of content, and enjoy your time, Brendan. I hope the markets rip while you're gone and we get you. Get you back. Super excited to hear about your travel trip and. And continue on into the fall with a lot of momentum.
- [65:33]
Brendan
Likewise, man. Well, thank you all for tuning in here. We appreciate all of your time, and we'll see all of you next week in another video.
- [65:40]
TiVo
Take care, Sam.