← The Wolf Of All Streets
Loading summary
Transcript70 lines
- [00:04]
A
Bitcoin hit $76,000 after eight straight green days. We haven't seen that happen in three years, the eight straight green days. And it's only happened 15 times in Bitcoin's history. Now unfortunately, the last time it happened it led to a massive correction. But historically it has been a very good thing to see this kind of progress, especially up to a key resistance. We're going to talk about that and everything else that's happening in the bitcoin and crypto markets and probably all over the world with Tillman and Andrew, of course, but also our good friend James Butterfield. Let's go, let's go.
- [00:51]
B
Let's do.
- [00:53]
A
Good morning everybody. I hope today that you can both hear and see me because we were lacking in the see me part yesterday. We've got James, we've got Tillman and we've got Andrew. Good morning, gentlemen. Okay, so we've got this, we've got this positive streak to talk about here. Not the best image here, but here we go. Bitcoin's eight day positive streak. A cautious optimism for 2025. This article's so bad that they got the year wrong. 2026 I think can be confusing, I guess. But the point being here, like I said, this only happened 15 times in history with bitcoin. This kind of blasted through a key resistance, although I think we're testing back at around 74,000 right now. And I think it's also very interesting to talk about how this is happening in context of other markets considering there's been some weakness, I think across the board with the war and bitcoin has shown strong strength. James, maybe I'll let you take the first shot at this one.
- [01:51]
C
Yeah, I mean the prices since the crisis have been incredibly encouraging. Up sort of 1516 at one point. Does it continue is a big question I'm hearing on the, in the trading team that there's been a bit of a, a short flush out and that's, you know, a short squeeze and we're at the end of that and maybe there's, what we're seeing now is a little bit of a correction after that. So the rally doesn't have legs to it. That's the kind of the question I think a lot of people are asking at the moment. I think there's plenty of reasons to be quite bullish at the moment. You know, we hit RSI about a month and a half ago of 16, so really oversold. We hit various 200 day moving averages. Fund flows have turned a big corner you know, we saw what I think it was $4 billion of outflows over five weeks, the last three weeks. Now actually we're on the fourth week now. We've seen $3 billion of inflows, so nearly corrected all that outflow. So that's, so those institutional investors are starting to bottom fish. So that's incredibly encouraging. But you know, could we test the, the lows again? Possibly. I don't think we'll go below them. We still got a couple of negative things floating around and that's things like whales. So we're starting to look at whale flows quite a lot. So that's anyone over 10,000 bitcoin. And what we've seen is $37 billion of outflows in from Wales since October. And there doesn't seem to be a huge let up in that either. It's, they seem to continue and like if you're looking, if you believe in the four year cycle thing, then another couple of months or another month or two of selling is, is quite likely which is going to put down pressure on the price.
- [03:37]
A
Yeah, let's put downward pressure already. And if we've held above 60, I mean I did see some, you know, data that showed that that did abate a bit in the 60s and that there was more buying from larger wallets, maybe not as large as 10,000 wallets, but that there was a pretty significant buying floor in the 60s to 70s and that we'd seen some of the selling pressure, you know, reduced. I mean, I think we all know the story that above 100 these guys were selling like there was no tomorrow.
- [04:02]
D
Right.
- [04:03]
A
And continued to sell down. But it does seem, I kind of like your take, which aligns with a lot that I've heard, which is the bottom is in, but we may be in this bottoming process for the next six months.
- [04:15]
C
Yeah, we just sideways trade for a while. I mean if you think about some of the metrics that I think will establish themselves more concretely in the coming few years looking sort of, you know, longer term, it is things like monetary policy action and with the onset of inflation, you know, we, we know, we all know like we look at the petrol pump prices and they're really high. Inflation is coming next month. We've got the FOMC tomorrow. They're going to be probably talking a lot about inflation. So the prospects for any rate cuts are pretty low now. So any kind of support from monetary policy action would probably be sadly missing at the moment.
- [04:55]
A
Yeah, but then if you're, if you can't get rate cuts, you just go to war, stimulate easy tailwind. Andrew.
- [05:05]
B
Well, I would agree wholeheartedly with what James said. You know, I think a headline that caught my attention, Tyler and Cameron sold $130 million worth of Bitcoin. There are, I, I've been getting calls otc big whale type activity regarding cells. So I do think there's still some pretty big selling pressure from the whales on bitcoin which is gonna, you know, if it stops all at once with serious buying pressure, price will, you know, immediately go up. But if it continues and they, they continue to lean on it, which they have the ability to do, I mean they have a ton of supply, then, you know, I, I think James is spot on. I think we'll pretty much trend sideways. I think something of note that's happened here recently is the tokenization of other commodities and the access that it's given people to, for example, oil trading. I saw that it went on. Hyper liquid oil trading went from a launch of 0 to 21 million in volume to this weekend in a 24 hour period, 1.3 billion in volume of trades. So you look at these trends of the real world assets, the tokenization of those and what, what is that going to do to bitcoin? Well, it puts more money in our economy. So it's a natural inflationary, you know, pressure, if you will, in terms of the price going up. The, the. But it also is another competition at the end of the day, if you have tokenized bitcoin and tokenized oil and one of them surging 50, 70% like oil has been like, it's going to attract a lot of attention. It's going to pull a lot of liquidity out of the other tokenized markets. And so I just think we're, I mean we're at the bleeding edge of massive, massive adoption of the most disruptive technology financially that we've ever seen in our lifetime for sure.
- [07:13]
D
Well, speaking of disruption, Scott, I know you've been doing podcasts for a long time. Does your wife not know to stay off screen in the background there? Does Emmy know not to.
- [07:23]
A
That's somebody who's setting up plates in the restaurant.
- [07:26]
D
Okay, my bad. I saw the black hair, not my wife. What's interesting about this time period with, with bitcoin, you know, kind of a, a rounding bottom, two things. One, you know, again, as these cycles go, we're, we're, we're in a rounding bottom and sentiment is in the, in the trash bin. But we're at the top of the previous cycle. So that that seems to always happen. And then secondarily the amount of building and construction and new architecture being built around bitcoin and around crypto everywhere, it seems to me like MasterCard is coming out with a new announcement or a new acquisition or a new something literally every day. They just bought a big stable coin. You know, stablecoin company that I've never even heard of. It sounds like a code that you would put into your computer when you're trying to do two FA like M MKVH something F or something. And they paid $1.8 billion for it. That's not a small amount, guys. That's a meaningful amount for a company I've never heard of. So, you know, whether it's MasterCard, whether it's somebody, there is just constant ongoing activity underneath the top of the surface of the water where everybody's chattering and arguing with each other. Underneath it all, these companies are scooping up the ability to do business in a next gen type of way across stablecoins and everything else. By the way, I also find it interesting that that bitcoin in the crypto space doesn't respond to old school negativity really anymore. Like Ray Dalio has come out and been negative and I think Druckenmiller came out and was negative about crypto looking for a problem, you know, a solution for a problem like that that didn't move the needle at all to the downside. Like everybody's oh, neat headline. But prices didn't went the other way. So. So, you know, kind of crossed the Rubicon there because in the places where it matters, people are building rails and highways to use this stuff in a meaningful way with big, big, big, big dollars.
- [09:59]
A
Dalio Bottom. Dalio bottom takes that one hard. Yeah, just on his comments and nothing surprising. That guy still owns it. But that was one the of of those incredible bottom signals in hindsight, at least temporarily. James, I can tell you jump in.
- [10:14]
C
Yeah, so I think, yeah, I'm just saying like on real world assets I think, and bitcoin is included in this point as well that, you know, Trump loves to do things on a Saturday morning when markets aren't trading, whether it's announcing tariffs on China or whatever, you know, and obviously the Iran conflicts was the same thing. And literally the only thing you can trade is, is on crypto rails. And you know, earlier in the year I do think there's this bunch on crypto rails. It's this bunch of meme investors. It doesn't actually matter what asset it is. You know we saw 1.2 billion in a day in gold and platinum and copper on Hyperliquid. So you know, I think people can use this and they can express their concerns about geopolitics very quick and instantly whereas you can't. We had to wait two days before we saw any price movement in gold or oil or anything really. I think what's really interesting happening this year suddenly crypto rails are finding their feet and people did articulate that in Bitcoin when the crisis broke and it's really starting to establish itself as a crisis resilient asset. I mean it's really outperformed gold as well, which I find incredibly interesting. And then if I think more about hype and other assets in real world assets this year there's a much bigger theme I think that political support from the stablecoin Genius act and now the Clarity Act I think is green lit for lots of banks like MasterCard and others to just really start rolling out infrastructure. But then the big question becomes who is going to really benefit from this? Is it just Solana maybe a little bit Tron on the stablecoin network and, and Ethereum? Sorry mate, I said just Ethereum, not just Solana but I think maybe Ethereum is going to benefit from the most for this. We've not seen this react reflected in prices yet but.
- [12:17]
A
Well, Ethereum did go up 10 yesterday, it's down again today but for some reason there was a little Ethereum bump. I don't think that's what it is though. To your point.
- [12:25]
C
Yeah, I think this is a longer term theme I'm, I'm kind of considering here and I've been espousing this for you for quite a few years and I've been wrong on Ethereum so far but I like to think a lot of the Rails people are going to choose Ethereum over anything else. I mean it's interesting. Black Rock Biddle, you know they're, they have gone for a sort of multi platform thing but JP Morgan has gone for Base which is obviously on Ethereum there too. And I don't know about MasterCard, who they've, what platforms really they're choosing yet. But
- [12:59]
A
yeah, there's the news that you mentioned before. Yeah, the, the stablecoin infrastructure company BVNK for up to 1.8 billion. These companies just come out of nowhere. Andrew, you're right. I mean, yeah, it's pretty wild. Yeah.
- [13:12]
D
And by the way they were competing with Coinbase for this, for this acquisition. So Base versus mastercard for this acquisition. So it's not like, you know, somebody's like, hey, let's do an acquisition today. That company looks neat. Click, let's do that.
- [13:28]
B
And what set of rails that could they have that have? That is not on.
- [13:34]
A
Like, isn't. Aren't the rails just Ethereum? Like what are we doing?
- [13:37]
B
That's what my point is. Like what are they acquiring if it's not a customer base, I would love to know the nitty gritty of that acquisition. That's crazy.
- [13:46]
A
If Coinbase or mastercard are listening, this show is up for sale. I will take less than 1.8 billion. But interestingly you were kind of mentioning there, James, the Clarity act and the Genius act, we actually have Citigroup downgrading for whatever that's worth. But Citigroup cuts Bitcoin, Ethereum price forecasts as US crypto legislation stalls, basically saying if we don't get Clarity act, there's no reason to have as high of targets. I wholeheartedly disagree with that, but I think that everyone's over it at this point.
- [14:17]
C
My immediate a sell side research firm coming up with a forecast that like, you know, changing forecasts at the worst point where the market's most bearish. It's just classic sell side research. Right. But I kind of get it. You know, the Clarity act was hijacked by the Senate Banking Committee. They suddenly realized that actually stable coins were the yield, massively threatened their business and so it has been hijacked. But is this the end of it with Clarity?
- [14:45]
D
No way.
- [14:45]
C
I think there's going to continue to be pressure for stable coins to offer yield in, in some form and, and so, and it will continue, I think, to nip at the hills of the banking sector. So yeah, maybe the banking, the banking sectors won in on this round, but I think it's the tide is going against them in that respect. Something else will come up and it will benefit. So perhaps I do feel like from city maybe that's a bit of a knee jerk reaction to, to that, that piece of legislature and maybe I think in a year there'll be something else. You know, don't forget, yeah, the Senate Banking, the, the banking lobbying group is very powerful, but I think so is actually the crypto community becoming increasingly powerful from a lobbying perspective. So there's no way this is the end of it, that's for sure.
- [15:38]
B
Yeah, I mean I, I couldn't agree more. I don't think it's the end of it because I don't think you can legislate something that is global. You know, you can't, you can't legislate blockchain technology. It's here to stay. Including what we would call stable coins. Anything that has par value with another currency. That's a needed part of the economy. It's, it has to exist. And so the question is, how long can they delay the acceptance of it or the adoption of it so that they can get their own position secured in the new economy? That's all this is. It's just a slowdown tactic. People do what is in their best interest economically, 99% of the time. And this is in their best interest to slow it down.
- [16:30]
C
And how long are we going to have this? You know, we talk about hype and hyper, you know, hyper liquid having so much on chain activity and volumes, you know, 1.2 billion, $1.3 billion a day. That's one third of the London Stock Exchange volumes. How long before we're talking it's, it's, it's the whole true.
- [16:54]
B
They will crush those markets until they choose not to, in my opinion. This is just my opinion.
- [17:01]
A
Or until those markets choose to go 24, 7, 365. Because as James I think aptly pushed, the big news always happens on a weekend now, especially with this administration. So you know, if the hot ball of money is just flowing around on Saturday and Sunday and you can't trade it anywhere else, hyper liquid and crypto rails are going to continue to win, period. Just because people even want the option to trade.
- [17:22]
B
But they're allowing the game to be played. They could crush it financially whenever they want. And here's my point. I mean, pump fun was doing 18 billion in 24 hours on stupid meme coins and you know, trump coin and those like money. There's a lot of money out there. You know that, that is, you know, when you're talking about $7 trillion sitting on the sidelines, that's who we're talking about. They don't move in the 1.2 billion. And it was interesting, you said, James, that copper tokenized. Copper tokenized. You listed a couple of commodities there and they all had the same pump number of volume, about a 1.2 to 1 point. So it's still the funny money, it's still the play money that's out there that's being consolidated. Because you're right, it's the only market that's open.
- [18:09]
A
My feed on crypt on, on X is the same people that were trading meme coins were then talking about altcoins we're then talking about silver who are now trading oil publicly. It's like the same crypto Twitter traders, James said that before. I mean it's the same people, they just found something with more volatility when
- [18:25]
B
they choose to use this as a hedging mechanism to their real world assets. This market will be here when they choose to, you know, start hedging their profits. When oil has blow off tops and they are sitting on, you know, X number of barrels sitting in storage and you're talking about the biggest, you know, producers in the world. If they can put enough liquidity to hedge their real world position into tokenized oil, that, that will absolutely draw the real money in.
- [18:58]
C
But here's interesting stat. We've been looking at volumes a lot. If you look at stablecoin volumes, Circle alone is doing more volume on a monthly basis than Visa and MasterCard put together. You know, that's huge. And if you look at the stablecoin volumes, if you were to look at it, it's not quite the same. But if you look at equity exchanges, it would be, if you aggregate all the stablecoin volumes and decentralized finance volumes, they are like the six largest, they would be the sixth largest equity exchange in the world. So it's becoming massive without I think a lot of people realizing. I still like, the other day I went to a traditional finance conference and someone laughed at me for being in crypto. It's been a while that I've had that happen to me and I thought those days were gone, but it's still not. There's still a lot of people out there. There's a lot of naysayers.
- [19:43]
B
Well, there's just an air of superiority. They don't, they don't acknowledge markets until they choose to acknowledge them.
- [19:48]
A
Right.
- [19:49]
D
Which, which continues to baffle me. Right. Because those people are so connected, not just at the hip but at every joint to BlackRock products. Because all their clients are, are in black rock products in spades. You know, they're the king of, of ETFs. And again every single week there's somebody in an executive role at BlackRock talking about crypto, talking about a new product. You know, they, they announced and put out their ETH staking, you know, product etf. It was on the front page of their website for several days. I mean, you know, so people that are of that mindset are so far behind that it's sad really. I mean they're really, really behind of what's happening and what's, what's what's going to happen and how quickly it's going to happen. So again, when I'm reminded about volumes at Circle and Hyper Liquid in, you know, also traditional crypto exchanges, it just makes me think that at some point there's going to be a very meaningful sort of M and a process that happens between TRADFI and crypto. I, I, I think that's coming over the next 24 months because volumes are very, very compelling to people looking to make additional money in the space where they had a heart. They've had a hard time making any money for the past 15 years. And then on top of that, you have sizable amounts of actual customers, people that are behind all of that, that have capital to invest. So I mean, listen, you know, at Arch Public, we have all sorts of customers that have meaningful amounts of money that they're using with our products on crypto exchanges. That money, by the way, is not at Morgan Stanley, is not at ubs, is not at Merrill Lynch. Right. So at some point that number gets big enough where you go from DEFCON 5 to 4 to 3 to 2. Okay, we got to do something about this because money's leaving, it's not coming back. So what do we do?
- [22:00]
A
How do we, yeah, I mean, speaking of money coming in, Josh Frank last week pointed out that VC funds were raising it. Quite a serious clip right now in crypto again, which is kind of quietly happening behind the scenes. And I saw this story come up that 18 projects collectively raised 220 million just last week. Right. So there are VCs, there are VCs, deploying, raising capital, but then also, you know, being forced, whether they want to or not, they have to deploy that capital. So there is even now a lot of money flowing back into the more VC early seed side of crypto as well. I mean, James, do you guys track that at all?
- [22:36]
C
No, I mean, I'm really quite out of the loop in terms of VCs just because, well, we're at the ETF side. So the, this almost like the secondary market really. So quite the other opposite end of it. I've looked it in the past. I have been actually, I'm surprised by that number because I've heard the VCs have just completely left the market. So it's really interesting. There must be very recent though, this, this news of VCs.
- [23:01]
A
Yeah, it's in the last two weeks there were a couple bigger raises and then they're actually starting to deploy. So, you know, those were kind of eight pretty largely hyped projects. But still 220 million is not a drop in the bucket in a week. Because I remember in the peak of VC the big headlines would be a billion dollars goes in in a month or something. Right? And that's kind of tracking that if that was consistent.
- [23:21]
B
Well, there's a lot of relationships I have in that space and they're all raising money internally right now for the crypto divisions of their company and placement of capital like all of them are, are putting their war chests together because they see that the M and A space in especially as it pertains to, you know, Rails, new networks that they can tap into. I think it's a opportunity that like you said, it's being kind of forced down their throat. They don't have, they don't have an option. They have to at least be prudent about their, you know, their R D in, in, in. In the subject. They have to be prudent about hiring a division that goes out and tries to make it happen or sees what, you know, swot analysis to their customer base from an implementation perspective. But if you aren't doing any of those things right now, you, you look to be as negligent and I will say something that you said earlier that I believe is like the, there's a lot of money to be made right now as it pertains to real world assets and on chain data. And you know, there's kind of two sides of the equation that I look at. One is the existing infrastructure, the tradfi infrastructure and tokenizing those assets. The Oracles if you will, are the existing market makers. They have all the data and they will be the validators, if you will, for those tokenized assets, the central exchanges. The defi side of it though, you can become one through becoming an Oracle. And I think that space and defi commodity trading, defi hedging and arbitrage, all of those things. I think we are on the most bleeding edge of that space and I think it's starting to get real attention and I think hyper liquid is a big part of that. But I also think there's many other contributors that are starting.
- [25:21]
C
I think it's amazing how quickly you can organically grow. I'm involved with a company called Tower Labs or Vault Curator and they've managed to raise nearly 100 million in a year just organically. It's incredible. So if you come up with good strategies, people are choosing to, to invest in them on, on platforms that are nothing to do with traditional exchanges. And so yeah, I Think it's fascinating space and there's so much innovation that can be done as well. Like, you know, if someone told me to get 15% yield on something, I would immediately be alarmed and think, well, this is default territory, particularly if it was a government bond or even just an ordinary corporate bond. But I think 15% yield is a completely different set of risk metrics in, in the crypto world because of the way you can manage risks so quickly. And I think, you know, there's various rehypothecation or looping strategies as they like to call them. And I think it's a fascinating growth area and where we're going to see a lot of, kind of sort of. To me, it's one of the primary, aside from stablecoin rails, this is the primary kind of interest and threat actually to the traditional investment industry in the next, in the next few years.
- [26:36]
B
Well, it's a threat, but it's also, I mean, if, if you look at the way they make money in that those markets, this is just an expansion of their territory that they get to play in. You know, arbitrage bots, I, I think a lot of people, they're misunderstood and I think they control the entire market. Everything. Everything. And you can see that when there's a break in the arbitrage loop, like there was in silver where China restricted outputs and you immediately saw it exposed the arbitrage loop. And what I mean by that is like if I have a defi. Market, right, that is trading tokenized oil and it's trading that tokenized oil. Obviously not. It's trying to mimic par value of oil price, but it can't, right? Because it's not oil. It's the tokenized version of oil. It's a much smaller liquidity pool that supports the price. And so if there's a, if that price starts to deviate and spread from the real price of oil, arbitrage bots buy and sell both sides to create the equilibrium again. And, and it's just printing money. There is no risk. It's just watch it work. And so the, the market makers of the traditional side of things are now getting to play in a lot of different sandboxes that have depth of liquidity of like this. So putting a billion dollars to work sounds like a lot of money to us. But I mean, when you're talking about Citadel, I mean, come on.
- [28:13]
A
I mean, it's like the CCC settles four quadrillion a year. Like.
- [28:18]
B
Exactly. I mean, this is like a, this is just an expansion of Their, their, their potential sandbox.
- [28:25]
A
James, I know we're right at the end of your time here, so any other anything we missed that you were dying to talk about?
- [28:30]
C
Anything we're looking at, we're just finishing a report on this is bitcoin mining and the pain in that space. And we've just been looking at. So we are one of the biggest investors in bitcoin mining companies globally at the moment and we have access to all the management and we're looking at all the balance sheets a lot. And just based on company forecasts or company announcements at the moment, 30% of revenues derived from AI in the listed bitcoin miner space. By the end of this year, that will be 70% of revenue from. From AI.
- [29:06]
A
Yeah. I was going to literally ask you what do you mean by bitcoin miners? I thought they were called AI data centers.
- [29:10]
C
Yeah, that's quickly happening, right? I mean it's not quite the case technically yet from a revenue perspective, but it will be by the end of this year. Loads of people asking this question. I think the end of the mega scale data center is over and we're going to start to see much more. Like Marathon's doing really interesting things where they're putting like a 7 megawatt containerized solution on the side of a town to load balance, those kind of things. And I think we're going to see much more of that kind of thing where hunting out cheap energy sources rather than competing with AI for rack space, which is what's happening in Texas. In Texas, there'll always be a need to load balance. But I think, yeah, a lot of these mega scale data centers are perfect for AI and that's a big kind of theme we're thinking about. And it comes at a time when the hash price of miners is $30 per PETA hash per day. And that's brutal for the miners. So I'm not surprised so many of them are walking down this, down this AI road, so to speak.
- [30:10]
A
Yeah, I agree, James. Well, thank you for joining. It's always a pleasure to have you here and we'll do it again soon. I'm gonna keep these guys on for about five more minutes, then we're gonna go. Thank you. All right, guys, I know. Tell me you were dying to talk mining. I gotta go in about five minutes. So.
- [30:27]
B
Yeah, I just was gonna echo. I think the mining space is going to have a tremendous amount of change here in the near future. I think the end game will be a national security issue of having a proof of Work network that can secure data. And I think that at the the end of that rainbow is taking it from a centralized effort or a more centralized effort than ever before, where you've got these publicly traded companies dealing in hundreds of millions of dollars in purchase orders. I think we're going to see household electronics and pretty much everything that draws power be able to be programmed to use power. Went to load balance essentially. And I think that will become a narrative that people start to jump on here soon.
- [31:12]
D
Yeah, anytime I hear about AI data centers, I just think of the show Silicon Valley and anytime they go into those centers, they couldn't find anybody. They need to reboot that show for the current version of technology and bitcoin and all sorts of stuff.
- [31:32]
A
You know, he was bitcoin mining. He was bitcoin mining in the garage. Wasn't he the one guy?
- [31:36]
D
Yeah, no, he was bitcoin mining at his desk. And when it would go above a certain price and go right below a certain price, he kept doing it back and forth. Look at him. Says bitcoin is volatile. Yeah, it is volatile.
- [31:54]
A
I like to talk about taking advantage of that volatility because see that segue
- [32:00]
D
I just built for you guys, that was genius.
- [32:01]
A
Thank you. Perfect.
- [32:05]
D
There has been first things first. We are doing a huge promotion at Arch Public. We usually only do this once a year, but is a meaningful discount for our concierge program. So if you've ever considered joining our concierge program, it is in your financial best interest in terms of the cost to get in touch with us, get on the phone with us, get on a demo with us and talk about it. We again, we rarely do this. There's a couple reasons why we rarely do it. We don't need to because we don't have meaningful competitors in the space. So we don't necessarily have to discount a product that is a one of one, in the crypto space and then of course the other work that we do in traditional markets and then two, the service and communication. And the overall experience in our concierge program is so high level that people will gladly pay our normal prices, but we're offering it at a discount now. What do you get in the concierge program? You get access to all of our tools. You get access to your. Your own individualized concierge program team that is available to you at all times. Set up ongoing service, constant communication. Scott can speak to this because he's gone through this as he's loaded up his processes and theories and strategies inside of Arch public the level to which our teams will go to make sure that you're completely dialed in. And anytime you have a question is beyond anything else. In crypto, we're very comfortable saying that it's very hard to get somebody on the phone that's a huge human in crypto. It's very easy for that to happen.
- [33:52]
B
At Archpub, our development team and our customer service team are solely focused on making user experience better. So every iteration of the software, at every iteration, we're going to be launching an app here very soon where you're going to be able to have even easier access to the tools. So yeah, the customer service side of what we do is our pride and joy because we, we've been on the other side of that where you can't get anyone to help you and it doesn't feel good. So trying to bring our elevation of what we think the industry should represent to the world. To the world. So test us on that. I put out a tweet earlier this week, said, if you don't believe me, use our product for free. We offer it for free. You can come to our site, you can press get started, you can reach out to our team member, they'll spend an exorbitant amount of time with you. In fact, I know one person that I talked to recently at a conference and he came up and thanked me profusely. He said, I, I'm not somebody who spends enough to justify the concierge side of things. I'm in your free division. And Daniel, shout out to you spent 10 hours getting him set up. So you know, there is no links. We're very passionate. It's not, it's not a bunch of lip service we really like.
- [35:10]
A
Quickly, yeah, quickly. Just to address people in the comments are asking if it's self custody and then complaining it's on an exchange. Just to be clear, you can't buy and sell crypto without being on an exchange like this. So you buy it. I'm not being serious. You deploy your strategy and then move it to self custody. But Arch Public does not custody or assets. You buy it on an exchange and then like any bitcoin, you purchase anywhere or whatever assets, you can move it to self custody and we work with responding in the comments.
- [35:38]
D
Right. You get to choose your exchange. We work with, I don't know, five or six at this point. Coinbase, Kraken, Gemini, Robin Hood,
- [35:50]
C
all of
- [35:50]
B
those are sterling examples of exchanges and they, they're trusted as far as we're concerned. But we will Be we will have defi automation here in the near future. So you can trade on your cold storage wallet if you want like that. That to me wouldn't be the way I would do it. Why? Well, because exchanges are very valuable for tax information. You just press print and then you hand it to your cpa. Whereas if you do the defi space like good luck on that. That's interesting. That would be pretty interesting to try to keep track of in large quantities. So yeah, we're here to help, we're here to give you our best advice. But none of it is financial advice. We are software developers and we can get you to where you can master this software and then you can make it an extension of your will. That's the whole point here, is for you to have an extension of your expectations, your desires, your goals. So a lot of people will say like I just want to buy more Bitcoin over the next year. Well, what is your goal? What do you. And we just try, try to keep you accountable to actually writing down exactly what you're trying to achieve. Because if you can write it down then you can program it and then you achieve what you want to achieve through automation and without the emotional roller coasters and the time commitment that it would take otherwise.
- [37:06]
D
And this, you know, what we offer to people, you know, algorithmic automation, agentic type stuff, we're on the cutting edge of it. You need to, you know, spend some time with us. And I say you need. Because this is going to become ubiquitous across all markets. Because all markets are going to 24,7 functionality. Correct. So you, you are going to have to figure out how are you going to navigate that, how are you going to navigate moves in the markets when it's not just crypto that moves at 2:30 in the morning and you're, you're asleep that there's going to be moves in markets that happen when you're asleep everywhere. And so you're going to have to have to Tillman's point, you're going to have to have an agent or agents that are acting out your will 24 7, not just 9:30 to 4 every day. So yeah, yeah, what they said.
- [38:04]
A
So check out the. Yeah, sorry, last thing I'll add.
- [38:08]
B
When you put limit orders on and you do this within the exchange itself, all of those orders are now on the order book and everyone in the world can see them. When you program your strategies algorithmically, they're stored locally and or in the cloud off the exchange until the market triggers what you've said to look for, then the order is sent to the order book. There's a significant advantage if you understand markets. So lot lots to be, lots to go into there. But we don't have time now.
- [38:46]
A
So archpublic.com everybody. And this is the time to check it out. Obviously, if they're running a promotion, this is the moment to do it. So please check that out. We have got to run. Tilman and Andrew, thank you. We'll be back tomorrow morning.
- [39:00]
B
Have fun in Costa Rica.
- [39:02]
A
Thank you, sir.
- [39:04]
B
That's do.