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The Wolf Of All Streets
Bitcoin Frenzy: Buy Before It Skyrockets Or End Up Digging Through The Trash!
00:33:05
Bitcoin Frenzy: Buy Before It Skyrockets Or End Up Digging Through The Trash!
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- [00:02]
Scott Melker
Some of the most notable entities on the planet are either buying bitcoin or preparing to buy bitcoin. Yet it's trading sideways in a range and there seems to be absolute depression across the board. Of course, that's probably because most people who are tweeting are holding altcoins, which are effectively dead at the moment. But bitcoin still has a tremendous fundamental narrative and tailwinds everywhere. 22 states looking to add bitcoin to the balance sheet. Companies buying and performing exceptionally well. How do we have this huge disconnect? We're going to discuss it today with Alex Miller, Andrew Parish and Tillman Holloway. Let's go.
- [00:43]
Andrew Parish
Let's do, let's do.
- [00:58]
Scott Melker
What is up, everybody? I'm Scott Melker, also known as the Wolf of Allstreets. Before we get started, please subscribe to the channel. Hit that like button. And welcome to Tuesday Meme Coin hour with my special guest meme coin experts Andrew Tillman and Alex. The biggest meme coiners in the world. We got them all together because this is the show that we know that you guys want. Because all anybody wants to do in crypto is Meme coin.
- [01:22]
Andrew Parish
Does any. Anybody remember when there were like 2,900 tokens that existed in the world and that felt like a lot. Does anybody.
- [01:30]
Scott Melker
11 million now? 11 million on CoinMarketCap?
- [01:34]
Andrew Parish
Yeah. Unbelievable.
- [01:36]
Alex Miller
Do you remember when you can only buy litecoin, bitcoin and ethereum on coinbase?
- [01:41]
Scott Melker
Yeah, that always makes me laugh. Over the years where we see all these regulatory exchanges launching. What was the one with the Steven Seagal looking guy? And it's always like litecoin, ethereum, bitcoin and bitcoin cash. Like the first thing being offered. This is a pre trump. Of course. You're like, why would anybody want those? But apparently they're the ones that had regulatory clarity in the past. I don't know if you guys saw this, by the way, but we're going to move on from meme coins. But the Central African Republic literally launched a meme coin that's down 97% in two days.
- [02:14]
Alex Miller
Well, I am shocked that that happened.
- [02:17]
Scott Melker
I can't believe it. You got Dave Portnoy, like pumping. You would say pumping and dumping, but apparently he's pumping and getting dumped on. But like, this is just. This is all anybody wants to do right now. Outside, it's the big.
- [02:28]
Tillman Holloway
It's the biggest casino in the world. I think there was $26 billion traded in Solana meme coins in the last 24 hours. $26 billion. I mean, that's, that's. And I will say this. I think there's a day of reckoning coming, coming for meme coins, because I would venture to guess that more than 50% of those participants are under the age of 18. That's just a guess based upon what I see on social media. But if it is, and regulation is able to. To, you know, kind of put a gate on those doors, meme coins are in for a real, real awakening from a. From a hurt perspective. I don't think they're going to survive very long if they don't have the youth, you know, participating in and kind of.
- [03:10]
Alex Miller
I don't even think that's the biggest issue for them right now. I think the biggest issue is if you just look at the cycle time on meme coins, we've come from, like, the cycle time being a week to three days to, I think 90% of. And even the successful. And I'm talking about like, the random crap. We're. Yeah, we're into hours. We're into like sub 18, 12 hour entire cycle time. And I think people just are gonna get burned out on. And the other thing is the whole point to mean coins, like, look, even in the heady days, back of like the election days, you know, when I bought like peanut coin, I at least got like three days worth of enjoying that and that meme of it. And so that's like, I also made money on that one. But even if I'd lost it, like, it would have been worth it for the fun. And now it's. If I only get 12 hours on it, that's not really worth the. You don't get the same feeling.
- [03:58]
Scott Melker
Okay, but Alex, this is a sarcastic and serious question. Okay, first of all, you're a builder, right? You're building on bitcoin. You've been doing this before. Building on bitcoin was a trend. Are we going to see, like, pump dot fun on bitcoin?
- [04:12]
Alex Miller
I mean, why haven't you built it? There actually is already kind of some. There's Odin one now, which is basically doing this with runes and stuff. And actually very interestingly because of the guy who built Bob Bodily, who. Great follow. If you want to learn lots about just how stuff gets built on bitcoin. And one of the things they did is a lot of it actually starts off chain because obviously Bitcoin L1 doesn't have the capability to run fast enough to do the meme coin cycling thing. So he's doing a lot of that with runes on Odin fun. But again, I think bitcoin's, it's not, it doesn't have the bitcoin world doesn't have the right audience for what it is.
- [04:54]
Andrew Parish
Right.
- [04:55]
Alex Miller
Like it's the reason this is all happening. Like that's where all the degens went. Well, I think I made the argument.
- [05:02]
Scott Melker
I think on Crypto Town hall yesterday, we're making the argument like I think we're at a place now where 99% of the people trading memes on Solana don't and have never and will never own bitcoin. It's just a completely different place.
- [05:18]
Andrew Parish
It depends on, you know, we've gone through cycles where people start with altcoins and then they get a little bit more serious, a little bit more serious and then they end up with most of their portfolio in bitcoin because they realize that's the only long term play that that's meaningful and has a case, you know, for long term upside. For all the reasons associated with bitcoin, I think we go through that cycle again and I go, I think we go through that cycle a little bit faster than we did because of what Alex just described. You can't be in something that lasts for three days or four days and now it's four hours. Remember that. You know, a good portion of this understanding of being online and generating returns online started with GameStop, you know, let's call it three and a half years ago. And in that time period, all of that happened inside of about a four month period. So we've gone from four months of parabolic craziness down to four days of parabolic craziness down to 4 hours of parabolic craziness. Ergo, it would only make sense that the move away from craziness and stupidity into bitcoin probably is a shortened half life as well. At least that's my particular thesis.
- [06:39]
Scott Melker
Their meme coins for three hours, they should at least stay in bitcoin for three days.
- [06:46]
Alex Miller
So I saw a really interesting thing over the weekend that apparently somehow Vegas is doing so poorly right now that they managed to lose money or a bunch of the casinos were losing money over the super bowl week. Right. And I saw a few different kind of theories on this one. Is that just like between meme coins and sports gambling, you know, legalized sports betting in so many states, there's just not the same demand to go there.
- [07:11]
Scott Melker
To go to Vegas.
- [07:13]
Alex Miller
Yeah. I will also say, having just been, I was there a couple weeks ago for a conference and like I have, I haven't been to Vegas in a few years, probably not since 2019. The, the increase in the level of just like feeling of extraction at every single turn there. It's horrible. I don't anybody would want to go there at this point. And it just like, it just, just fits in this whole thing of like, why would I go do that when there's just gambling everywhere else too now.
- [07:42]
Scott Melker
Yeah, I think people are just disillusioned in trying to get that 100x or thousandx or at least have fun before the world ends. I mean, that's kind of the vibe that I get in the Meme Coin Casino, the ad there. But let's, I mean, flipping from the Meme Coin Casino, listen, you know we have institutions buying bitcoin. Another. I mean these are small stories, but it's things that are happening. Japanese game maker Gummy announced a 6.6 million Bitcoin purchase. I mean, as I shared yesterday, Meta Planet Stock is up 4800% since they started buying bitcoin. We know obviously strategy no longer microstrategy, after a one week pause, bought $742 million worth. I mean, this guy owns almost a half a million bitcoin. Not this guy, his company, but you get it. And meanwhile, while price is languishing, ETFs investment products had a 1.3 billion in weekly inflows last week. I mean, the amount of buying under the surface. I shared a Matt Hogan tweet yesterday where he basically said we have the height of institutional FOMO while retail is completely depressed and not buying. Which to me is like the ultimate recipe for a bull market.
- [08:46]
Alex Miller
Right.
- [08:46]
Scott Melker
I mean, prices just kind of climb the wall of worry and then retail FOMOs in at the top. But clearly right now the trend on the bitcoin side is extremely positive, even if prices aren't following it. I mean, Tillman, how do you, how do you explain that we're sitting here 96, 97, we have 22 states proposing strategic bitcoin reserves.
- [09:06]
Tillman Holloway
Well, I think you're, you've got the nail on the head here. I think that retail is chasing the 10x and I don't think the retail market sees Bitcoin as a 10x from here. Whereas if you're playing with a larger pool of capital, you're realistically not looking for a 10x, you're looking for a 6x at the max hedge fund level type stuff. And then you're looking for really modest returns the higher the capital number that you're playing with. And so I Think Wall Street's finally realized that they can pump an infinite amount of money into this network, into bitcoin as a whole. And I think that you're going to continue to see the biggest players fight for the remaining tokens that are available. I saw something, an article that said that there was only like 160,000, 116,000 bitcoin available essentially at one of the exchanges or one of the OTC desks. It's getting gobbled up at a pace that they can't keep up with the supply. And there will be a pinch point, in my opinion, where we see the price go what we would call parabolic. I just don't, you know, we've got to run out of supply first.
- [10:18]
Andrew Parish
Well, the bitcoin languishing too. I mean, that's a flip that narrative on its head world. Yeah, we're, we're 11 from all time highs. 11, right. And because all of us here on crypto Twitter are borderline manic, you know, we, we can't deal with the fact that we're talking about, you know, bitcoin at, you know, 10, 11 from all time highs. And we're bored. So you flip it on the tad. And bitcoin has now created a floor to some extent that is very, very, very, very different than previous cycles. The floor associated with previous cycles was anywhere from 40 to 65% from all time highs. And so, you know, different narrative, different time frames, and different players involved here at all different levels. And again, for some reason, because we're not at 125 or 130 or 160, you know, people are sitting around on crypto Twitter and complaining. But when you flip it on, its narrative languishing actually equals an entirely different shift, which means high floor and significantly high ceiling. That's a space that we've not been in before. We're used to low four, high ceiling. So an adjustment. You know, most folks, their minds haven't adjusted to that reality.
- [11:44]
Scott Melker
I mean, I was talking about states. It is pretty absurd. I mean, this is how many states have now proposed some sort of strategic reserve. Now, North Carolina, I think happened yesterday. You can see this year with the lawmaker, but now it's become just in vogue. When are we gonna actually see one pass, Alex?
- [11:59]
Alex Miller
Well, so, yeah, what I was gonna say is I think it's dramatically overstating it to say that 22 states are.
- [12:06]
Scott Melker
Looking some legislator in each 22 states.
- [12:08]
Alex Miller
It's one dude in most of these places, places introducing a bill to do it. And I think that really is an important distinction because it goes to the absence of retail and general enthusiasm from folks who aren't on crypto Twitter or who aren't in institutions all day. And I think this goes back to. I think we're still underestimating the impact that SBF and FTX and Celsius and everything had in burning the reputation of crypto with so many people. After how heady 20, 20 and 21 and 20 got, like, a lot of people are still very burning. So you've kind of got two classes of retail in my mind, right? You've got all the institutionals and stuff and they're doing their thing, right? You've got crypto retail of people who are like, yeah, obsessed right now of trading meme coins on Solana. And then you have like normal retail, right, Main street, if we want to call it that, who did do some chunk of buying and stuff in the last bull run, who got super burned by it. And I think are, you know, are aware obviously that bitcoin's gone. You know, CNBC and cnn, everyone's plastering it all the time. But I think are still very much, not really piling in that much and are waiting and seeing. And I think there's at some point where they start coming back, but they're not there yet. And I think if you actually saw a state really with a true groundswell of support for it, like that would be for doing a strategic reserve. I think that would be indicative of it. But yeah, right now it's all just kind of like one or two legislators who, you know, want to grab headlines and probably to be frank, want to grab like crypto donation money.
- [13:46]
Scott Melker
I just think it's interesting, I agree with you, by the way, that, you know, I think we're now at 7.3 billion on those inflows on the year. It's only the second week of February. It was 1.2 or 1.3 billion. That's last week alone. We're obviously seeing that increase. Andrew, is this institutions buying or is this actually retail buying ETFs and seeing these investment product rise? Because I would have to. Primarily retail.
- [14:13]
Andrew Parish
Yeah. So, you know, underneath the institutional buying of ETFs are actual retail people that are pushing those, pushing those numbers through. I mean, those, those purchases have to come from somewhere. And so, you know, that, that, that's the nature of, of ETF buying. And here, here's the other thing about, you know, ETF purchases associated with Bitcoin. Those folks have been trained for decades. And decades to buy and hold. They, they don't purchase things and then let them go three months later because they're bored with it. That is not how those folks that are ultra high net worth investors have been trained. You buy and hold literally forever. You know, they, they, the whole buy low and sell high. That, that, that's not, that's not how they think about things. They buy low and sell never. That, that, that's the way that they've been trained for, for four decades in the wealth management space. So bitcoin and eth flows will continue to be positive. They're going to be positive from here and for a long time. And so you know that again, that is the high floor associated with prices, right? We just have not seen that blowout to the bottom of 30, 40% and I don't think we're going to see it. I, I, you know, some, some crazy, you know, something geopolitical and there's been a lot of geopolitical stuff that's happened over the last 18 months and none of it has meaningfully adjusted bitcoin's price to the downside. So I don't, you know, black swan, who knows. But the floor is just, is, is significant associated with both those assets.
- [16:01]
Tillman Holloway
I think, I think it's a shift in buyers. I think before you had buyers again speculating on price increase and when price started to tank, they were all abandoning the ship. I think you have, the larger players are not interested in price increase as much as they're interested in the hedging benefit of bitcoin. They're using it for a different purpose. And what comes with that is instead of somebody having 80% of their net worth in crypto, which has been, you know, past cycles been indicative of kind of the average crypto nut, now you have people with 3% of their net worth that have a lot of net worth behind their 3% holdings that are sitting there looking at the dips as buying opportunities because they want to get to 5% and they're not impatient people. They look at this as a tool and you know, an inflation hedge. And if you have a lot of cash sitting in the bank, there's no better tool. So if you come to that realization, you're kind of always a buyer, you know, at this stage, until you accumulate enough to where you've got your hedge in place to, to your satisfaction. I think it's just about the percentage of, of net worth that people, the average person that's investing in crypto now has versus what they have in previous cycles because have 3% in, in Bitcoin in ETFs of your net worth and it drops by even, you know, 50%. It's, it's a blip on the radar. You're not, you don't care. There's no force to buy. Nobody's panic selling because they've lost a point and a half on their, you know, on their portfolio.
- [17:37]
Scott Melker
Yeah. I mean, these days that's a day of volatility for.
- [17:40]
Tillman Holloway
Yeah.
- [17:41]
Scott Melker
Any of the big stock. Yeah. I mean, you can see when you can see Nvidia or Facebook movement. 15, 20, 30% in a day, which did not used to be a thing with the world's largest companies. I don't think anybody's having a problem absorbing a 1% portfolio dip because bitcoin went down a little. And I think it's still important to remember the insane tailwinds that we generally have for the industry. I mean, we even have Maxine Waters out here bringing back stablecoin regulation. But if you saw the very underwhelming David Sachs press conference last week, it was underwhelming because it was just political word salad. But if you take a look, he did have the four chairs of the four committees that would be necessary to actually pass legislation. So it actually was a pretty big deal. And now you have people on both sides of the aisle jockeying for whose bill is going to get passed first. You have Senate, Congress, Democrats and Republicans all pushing for stablecoin. It looks like in the coming months we will get stablecoin regulations and some market structure bills. Very, very likely. I mean, this is all just huge for the industry, Alex. I mean, your, your thoughts? Listen to Maxine Waters here.
- [18:50]
Alex Miller
Yeah, I think there's a very interesting kind of almost dichotomy going on here with the admin. And what's being pushed is that on one hand you've got stablecoins being advanced, which if anything are not, if anything are explicitly a very like dollar reinforcing mechanism. Right. It's making it easier for the dollar to be spread and used as like the currency of record around the world. And at the same time you've got. I think it's not a crazy thing to think that a lot of the play that Trump has going with tariffs, I think a lot of it's just about trying to look strong, but a lot, there may be an underlying current of trying to slowly drive like initial de dollarization in order to try and like bring back US Manufacturing. And I think it's questionable how well this strategy might work, but it's a really weird balance of like simultaneously we're trying to like move people off of using like the actual dollar for trade, but we're also trying to formalize stablecoins which will get it used more for trade all around the world. It's, it's a, it's a very interesting economy there. But I'll say it's the, it is true that the smaller, you know, more boring things like having the four heads of all the committees up with David Sachs is so much more of a consequential and meaningful thing than anything else that has been said or done by anyone about bitcoin or crypto. You know, in regards to like adoption and regulation.
- [20:19]
Scott Melker
Except for baby Purse, I think in, in, in Congress with like the. What Purse is doing the sec. But I agree with you, these are the.
- [20:26]
Alex Miller
Yeah.
- [20:27]
Scott Melker
Have to make it happen.
- [20:28]
Alex Miller
Right, Exactly. I'm talking about compared to like all of these big prolific announcements and like people being like we're getting an sbr. All these things. No, the things that actually matter like the small. And crypto as a whole really needs to learn to stop overselling, you know like rumors and initial development things and focus on. What do you mean the little things that matter.
- [20:48]
Scott Melker
Very calm.
- [20:49]
Alex Miller
Yeah, yeah. Nothing. I don't know what I'm talking about. There you go.
- [20:52]
Scott Melker
Yeah, we expect that press conference. We've talked about it. But like anyone who watched that press conference was like, yeah, this is a political press conference. Anyone who doesn't watch political press conferences was in crypto, was like, dude, they didn't pump my bags.
- [21:06]
Alex Miller
Seriously, Andrew, expectations that crypto people have for how their bags will be pumped.
- [21:11]
Scott Melker
Or like nothing's more important than us.
- [21:15]
Andrew Parish
Okay, it is, it is. You know, that press conference of course was political and boring. But there were moments throughout the day where David Sachs was on interviews with some of the channels, the investing channel, cnbc, Fox and, and the like where he went into more detail, talked about bitcoin more, talked about the strategic Bitcoin Reserve, talked about the strategic wealth Fund, talked about all those things in more detail because he wasn't in front of and with a bunch of people that you know, were, were associated with the work going forward. One thing I'll come back to as it relates to, to Bitcoin and, and again the floor there something I have, I guess built a foundation on, associated with, with bitcoin on a go forward basis is the people that are buying Bitcoin ETFs, they're being led again. By a guy by the name of Larry Fink, who happens to be the CEO and founder of BlackRock. The fact that he a couple months ago connected bitcoin as an asset to the growth of the mortgage market over time, that is an enormous and remarkable signal to the people that are that he's quote, unquote, selling his product to. In other words, hey, folks, home prices and mortgages worked out really, really well for you over the past several decades. I kind of think we're making the same trade with bitcoin. That is, that is truly remarkable stuff. And so get, get bored with bitcoin price if you want to, but Larry thinks it's going 5 to 7x from here. If that doesn't work for you, I don't, I don't know what to tell you, but it works.
- [23:00]
Scott Melker
I mean, Davos, he said seven hundred and something thousand. Right. That was the first time I'd ever heard him like mention a price.
- [23:05]
Andrew Parish
Yeah, yeah. That's the first time I've ever heard him make a predictive price on anything. I don't know what else, what else did he make a predictive price on? Yeah, he's talked about AI and you know, but hasn't put a price on anything. But, you know, the fact that he's come out and done that is, is wild stuff for him.
- [23:26]
Scott Melker
Yeah. I mean, Alex, as all this attention comes to bitcoin to give us the quick summary, what's being built that you think is exciting and how much do you think that that will diminish the appeal of other chains? We may not get the Solana Casino on bitcoin, but it seems like we might get defi gaming. All the other narratives, I think it's.
- [23:46]
Alex Miller
Going to be all about defi. And the reason being that. Well, one, I'm a little skeptical. A lot of the other narratives like gaming and stuff in crypto in general, I think a lot of those narratives are, if anything, contaminated by the money and the amount of financialization in crypto. I think one of the big reasons that most crypto gaming is terrible and has never gone anywhere is that it starts from the point of financialization rather than the starting from the point of making a good game. And people just don't want that. So I've always said that, you know, what gets built elsewhere will come back to bitcoin, But I think 90% of that focus and development is going to be in the defi. My space, like for the stacks project and my company Hero, where we are, that's really where we're focused right now on it because it's where we see the demand from people. And I think in particular people have tolerated taking their bitcoin other places and using like centralized custodians to do that because they haven't had another choice to do it. But it's also very, very limited how much people have done that because especially if you have hundred dollar bitcoin you're not going to like bridge it through a custodial bridge because then you take a tax hit on. Well one you have to do KYC and two, that, that's a. You're usually crossing a corporate boundary which means your hundred dollar cost basis. Bitcoin just went to a hundred thousand dollar cost basis which you are not going to like when the tax bill comes on it. And so non custodial things like SBTC that don't have to be KYC that don't have the tax implications that feel more secure and like they are closer to bitcoin. And so I'm not taking as much of a risk and I'm not going to something like Celsius with it. I think is going to be the basis for a breakout of a lot of new bitcoin defy and lending and pooling and things that just were not possible before. And that is, yeah, that, that, that stuff's going to come back that's going to get built on bitcoin I think be the future of it. And then yeah, you'll have the casinos elsewhere.
- [25:40]
Scott Melker
We need a casino on bitcoin. What we need if we want to.
- [25:44]
Alex Miller
Get people over there, just need a casino everywhere. You know where I live in Montana there's casinos at the gas station, there's casinos everywhere. Scott, you just, you just got to know where to look.
- [25:54]
Scott Melker
Absolutely. Well Alex, I'm gonna let you go. 9:30. We appreciate having you. We have to cut this show short in about five minutes because I have to do a thing on SiriusXM. But I'm gonna give Andrew and Tillman the, the five minutes talk about Arch Public. So thanks man, as always a pleasure and thanks for waking up early for us. But it's cold down there.
- [26:11]
Alex Miller
He's cold. You can tell he's cold.
- [26:13]
Scott Melker
Montana. Tillman's probably cold out in Colorado.
- [26:15]
Tillman Holloway
Yeah, it's cold out here too.
- [26:17]
Scott Melker
All right guys, what do we got going on with Arch Public here in the last couple minutes?
- [26:21]
Andrew Parish
Free.
- [26:22]
Scott Melker
Free.
- [26:22]
Andrew Parish
Free, right. It's our bitcoin and algorithm and the arbitrage strategy is free. So listen, you know, as founders we believe that Everybody should own Bitcoin. And with all the talk about a bitcoin strategic reserve at the state level and the federal level, personally, people should be building their own bitcoin strategic reserve, personal versions of it. And our product being free to folks, we think is a fantastic start to that journey. It's an institutional level tool available for retail. So you're getting an institutional level tool that connects to Trading View for free. It's absolutely free. So go get it right.
- [27:07]
Tillman Holloway
And it's not just a trading tool. It allows you to pull historical performance reports against any of the settings and the parameters that you put into it. So it allows you to see the. The past as it pertains to performance against anything that you want to go forward with in the future and feel very confident about your decisions. And our team is really, really excited about teaching people how to use the tool. So if you want to schedule a demo and talk to somebody as you download it and get familiar with it, please do so. We, we encourage that. But the more you know about it, the more robust you you learn, the feature set is, the more flexible it becomes to achieve the goals that you're set out to achieve. Especially as it pertains to accumulating not just Bitcoin, but all of the. Anything that you know is. Is offered on Gemini right now. The software has Bitcoin, Ethereum and Soul currently, but we're expanding that, you know.
- [28:04]
Scott Melker
Not Central African Republic.
- [28:08]
Andrew Parish
We had a meeting about it. We had a meeting about that particular one and we decided against it. It was a close vote, but we, we decided against. It was over.
- [28:16]
Scott Melker
It was down 97. So.
- [28:18]
Tillman Holloway
Yeah, well, we prefer to add things that last longer than the development timeline that it takes to implement. So, you know.
- [28:28]
Scott Melker
It will be on every asset on Gemini though, eventually. I mean, is that the goal? Effectively they do the vetting and then you allow people to make their decision and the algorithm runs.
- [28:37]
Andrew Parish
That's right, yeah. It's just people have responded in a meaningful way and the reason why they have is once they get their hands on it, it's remarkable what the feedback has been associated with. While this tool does so much right, there's not only the arbitrage portion of it, which generates significant returns, both as it relates to stacking Bitcoin and cash yield. But then there's accumulation parameters that we have in there, there's trading parameters that we have in there. So once you get your hands on it and you get in touch with our staff, you know, it's kind of like you have this Opening of the minds type deal and you're like, wow, not only can I set up four or five different things that I want to get done, but then I just take my hands off it. And the algorithm does everything for me. It's three in the morning and it's like I'm sailor and I'm buying bitcoin when it dips. Right. So really just remarkable stuff the way that Tillman and our development team have worked to build this stuff. I'm not on the development side. My brain isn't big enough. I'm just relatively decent at talking. The work that they do is extraordinary. It really is extraordinary.
- [29:47]
Tillman Holloway
Well, it's built for selfish purposes. I've been in bitcoin for over a decade and there's, there's a real lack of tools. Even what Alex was saying earlier on the show is, is ex, is nail on the head again. It's like, what's going, what's going to be developed this year that's going to make people interact with crypto, interact with Bitcoin and make it easy for them to do so. And the ETFs are an example of that on the tradfi side, but there will be a lot of examples of, of that on the, the self sovereign side as well or the cold, cold storage wallet side. And that's what we're a part of, that's what we want to do. We want to make people who haven't interacted with Bitcoin be able to do so in with the best tool set that's available so that they can make the best decisions that, that are available to them. So that's, that's really what it's about, is enabling people to have the knowledge and the expertise that takes a decade to build. Like it makes, makes something that's incredibly difficult and incred, incredibly cumbersome and time consuming, exceptionally easy. Because the algorithms don't sleep, the algorithms don't eat, the algorithms don't need to take a break. They're just sitting there waiting for the conditions to be right. And then they execute on those conditions.
- [31:07]
Scott Melker
Yeah, I mean, at the end of the day, turn your brain off, buy Bitcoin, do it in an efficient manner for free with this algorithm and go about your life.
- [31:18]
Tillman Holloway
Well, and these are the conversations we love having with customers. We had a customer on a call a couple days ago, say, well, your algorithm wouldn't have performed as well as if I had just bought in December of 2017 and held the whole time. I said, yeah, you're right. But do the same math on buying in 2021 and holding you. No one knows what the market's doing. No one knows where we are in the cycle.
- [31:43]
Andrew Parish
We.
- [31:43]
Tillman Holloway
We all can guess. We all think it's going to go a lot higher. Don't know when the timing of that is. And so it's better, like you said, to turn your brain off. Put something in place that you've thought about beforehand before the emotion is involved, and then set it and forget it and let it work for you.
- [32:00]
Scott Melker
That's.
- [32:00]
Tillman Holloway
That's the best, best approach.
- [32:02]
Scott Melker
I appreciate you guys. Sorry to cut it early. I have no worries about tariffs or something. On serious. I gotta leave you with this.
- [32:10]
Tillman Holloway
The thing I laughed the hardest about yesterday was somebody put a picture of the price of Ethereum and it said, did anybody else know that Ethereum was made of aluminum?
- [32:21]
Scott Melker
Oh, my God. And speaking of which, you know, there's a guy, the story up above the or below, probably the title, this guy you've heard about who's digging in the trench ash for his landfill. He's trying to find his $700 million in Bitcoin.
- [32:36]
Andrew Parish
Bought the landfill.
- [32:37]
Scott Melker
He's trying to bought the entire. Buy the entire landfill before they change. All right, guys, I gotta run. Check out archpublic.com. thank you, gentlemen. See you next week.
- [32:46]
Andrew Parish
All right, you got it. Let's dope. That's dope.