Podcast Summary: The Wolf Of All Streets – "Bitcoin EXPLODING To $200,000 By The End Of 2025?! Crypto Bull Cycle Just Getting Started!"

Release Date: March 20, 2025
Host: Scott Melker (filled in by Dave Weisberger)
Guest: Eden Iago
Additional Speaker: Dan from The Chart Guys

1. Introduction and Setting the Stage

In this episode of The Wolf Of All Streets, host Scott Melker entrusts Dave Weisberger to guide the conversation with Eden Iago, a prominent figure in the Bitcoin ecosystem. They delve into the aftermath of the Federal Open Market Committee (FOMC) meeting, the influence of political figures like Donald Trump on cryptocurrency, and the ongoing debate between Bitcoin and XRP.

2. Impact of the FOMC Meeting and Political Influences

Dave Weisberger opens the discussion by addressing the recent FOMC meeting and President Trump's speech at the Digital Asset Conference.

"I'm Dave Weisberger filling in for Scott Melker, talking with Eden Iago about everything going on after the fomc. Trump talking at Dos, xrp, Bitcoin, etc."
[00:01]

Eden Iago responds with a mix of anticipation and skepticism regarding Trump's involvement:

"Well, I'm, I'm excited to see whether or not he'll be able to do less than two hours."
[00:56]

He highlights the high quality of the Digital Asset Conference, emphasizing the value he feels he might be missing by not attending in person.

3. Bitcoin vs. XRP: Dominance and Performance

The conversation shifts to the core comparison between Bitcoin and XRP, particularly focusing on XRP's recent outperformance.

Dave Weisberger points out the volatile nature of XRP's performance:

"So they're cherry picking that time frame. If you go back to 17, of course it's getting crushed. So you know, it really, it always depends..."
[02:18]

Eden Iago provides a deep dive into XRP's fundamentals, questioning its valuation and Ripple's role:

"I think that's interesting. The other interesting thing is like why are people still holding XRP?"
[03:08]

He critiques Ripple's strategy, noting that despite significant holdings, Ripple's stock is undervalued relative to its assets, suggesting a lack of clear fundamentals supporting XRP's high valuation.

4. Technical Analysis: Clearing vs. Settlement

A pivotal part of the discussion revolves around the technical distinctions between clearing and settlement in blockchain technology.

Eden Iago emphasizes the importance of understanding this difference:

"Nobody wants real time settlement. People want real time clearing."
[13:39]

He explains that while clearing (the notification and recording of a transaction) occurs instantaneously, settlement (the actual transfer of assets) operates on a slower, more secure timeframe to ensure consistency and prevent conflicts.

Dave Weisberger concurs, highlighting Bitcoin's reliability:

"Bitcoin just has a track record of operating flawlessly that is longer than any other system."
[18:33]

This technical robustness, according to Iago and Weisberger, positions Bitcoin as a superior settlement layer compared to other blockchains like Solana and Ripple.

5. Bitcoin's Institutional Adoption and Market Potential

The duo explores Bitcoin's growing acceptance among institutions and its potential to surpass traditional assets like gold.

Dave Weisberger shares his bullish stance on Bitcoin's valuation:

"I think Bitcoin is at a minimum a 90% discount to where it should be."
[18:45]

Eden Iago outlines his price targets and long-term vision:

"My longer term thesis and sort of my price target is that over the next 10 years on the outside, and by 2032 on the inside, bitcoin surpasses gold in market cap, which would put Bitcoin at roughly 21x where it is now."
[26:55]

He anticipates significant growth driven by central banks' monetary policies, expecting Bitcoin to become a dominant store of value.

6. Bridging the Gap Between Crypto Enthusiasts and Traditional Finance

A notable segment discusses the different perspectives between crypto enthusiasts and traditional financial professionals.

Dave Weisberger observes the varying attitudes:

"When you talk to CTOs or technologists for any length of time and mention its track record, how it works, why it works, they get very excited. Orange pilling a technologist is almost a slam dunk."
[21:05]

Eden Iago adds that the crypto industry often misunderstands its own value proposition:

"We are the ownership industry. And we don't treat ourselves that way. We treat ourselves that."
[24:08]

Both agree that a clearer focus on assets, settlement layers, and security could enhance the industry's credibility and adoption.

7. Market Analysis with Dan from The Chart Guys

Concluding the episode, Dan provides a comprehensive market update, touching on key indices, Bitcoin's support levels, and altcoin performance.

Dan summarizes the current market sentiment post-FOMC:

"Bitcoin is back testing the previous resistance of 85,000 and trying to hold it as support."
[29:26]

He highlights standout altcoins like XRP and Binance, noting their resilience and potential in a predominantly bearish altcoin market.

Additionally, Dan discusses the performance of metal miners and their correlation with traditional assets like gold, reinforcing the diversified strategies traders employ.

8. Conclusion and Forward Look

The episode wraps up with both hosts expressing optimism about Bitcoin's future while acknowledging the challenges and misconceptions facing the broader crypto market. They advocate for a more informed and technically precise discourse to drive adoption and investment.

Dave Weisberger leaves listeners with a thought-provoking challenge:

"What is the value of a perfect settlement layer that requires no intermediation from the banks, that takes no economic rent or very little economic rent in order to settle effectively all the daily transactions on the planet?"
[26:08]

Key Takeaways

• Bitcoin's Strength: Recognized for its reliability and growing institutional adoption, positioning it as a superior settlement layer.

• XRP's Challenge: Despite recent price surges, XRP's fundamentals and Ripple's strategies remain under scrutiny.

• Technical Clarity: Emphasis on understanding clearing vs. settlement to appreciate blockchain's role accurately.

• Market Outlook: Bullish sentiment on Bitcoin with long-term targets, while altcoins like XRP and Binance show resilience in a bearish landscape.

• Industry Perspective: A call for the crypto industry to focus on asset ownership, settlement security, and reliable infrastructures to enhance credibility and adoption.

Notable Quotes with Timestamps:

• "[00:56] Eden Iago: Well, I'm, I'm excited to see whether or not he'll be able to do less than two hours."

• "[02:18] Dave Weisberger: So they're cherry picking that time frame...

• "[03:08] Eden Iago: I think that's interesting. The other interesting thing is like why are people still holding XRP?"

• "[13:39] Eden Iago: Nobody wants real time settlement. People want real time clearing."

• "[18:33] Dave Weisberger: Bitcoin just has a track record of operating flawlessly that is longer than any other system."

• "[21:05] Dave Weisberger: When you talk to CTOs or technologists... Orange pilling a technologist is almost a slam dunk."

• "[24:08] Eden Iago: We are the ownership industry. And we don't treat ourselves that way."

• "[26:08] Dave Weisberger: What is the value of a perfect settlement layer that requires no intermediation from the banks..."

This episode provides a deep dive into the current state of Bitcoin and XRP, technical nuances of blockchain technologies, and market dynamics. It offers valuable insights for both crypto enthusiasts and traditional finance professionals, emphasizing the importance of technical understanding and strategic focus in driving the future of cryptocurrency.