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Gold and silver have been absolutely dominating bitcoin and crypto, doing things to them that are only legal in Alabama and Mississippi. It's getting very ugly out there. The digital cousins of the real metals not performing well here into the end of the year. We also have Fed Moran saying that if we don't get more interest cuts fast, we're going to finally see the recession that we've been hearing about for so many years. I'm going to unpack all, all of this and more with my good friend Andrew Parrish from Arch Public. Let's go.
B
Let's do. Let's do.
A
Good morning, fellow Wolf pack. Welcome to my new trading desk here, here in New York City. As you can see, it's not snowing today. We have lovely weather outside. I'm going to bring on Andrew now right after you like and subscribe because none of you are liking and subscribing and frankly, it's pissing me off. And the algo hates you. And it hates me like and subscribe. Have you liked and subscribed?
B
Yes, I have. Also, your background, if you had computers with green screens in, it looks very Wall Street, 1986.
A
That's it.
B
I appreciate it.
A
It's not like they're. It's not like they're Commodore 64s. No real computers back there. And I don't even know what you're talking about with my green. We don't have a green screen. This is real.
B
No, I'm talking about on the computers. The green screens on the computers. Letters. Yeah.
A
So we can write things on there. Like, why is bitcoin absolutely horridly dead? Okay, so what do we got? What's our price of the bitcoins? Today we have Bitcoin at 87,610. Last time I checked, it's between 85 and 90 every single day. But somehow crypto traders are getting liquidated. 100 million a clip like price is within a $5,000 range. And seemingly people still find creative ways to lose money.
B
Yeah. So, you know, I will continue to contend that the four year cycle, quote unquote of price. Price is long gone because of the participants we have in the market. But I do believe that the four year cycle of emotions remains. Right. So we're in this spot where now where we've hit that part of the four year emotional cycle where, all right, I just don't care anymore. And so there's a, a washout of p of new people that came here and cared about above a 100k. Right? Yeah. And got involved for one reason or another. And it's not gone the way that they were told that it would go by, you know, their cousin at, you know, somewhere last year. And so.
A
Yeah, yeah, their cousin Scott and Andrew.
B
Yeah, cousin Scott. And so the, the washout emotionally is real. The fact that you could probably go check and see what, you know, the Google searches are for bitcoin might possibly be at or near all time lows. And from my vantage point that always means that we're probably looking at a slow bleed higher to start 2026. And in the second half of 2026 I think there's going to be meaningful upside whenever you hit this emotional bottom where like people don't care anymore. Nobody's even talking about price. In fact, crypto Twitter is best basically arguing with each other about God knows what. And you know, we find ourselves generally speaking, surprised by where we are three to six months later.
A
So I'm starting to feel like an emotional bottom.
B
Yeah, yeah.
A
I mean, it's like, you know how when women like in sororities all sync their cycles together, part of the four year cycle where all of the men also have periods.
B
That's right. If you spent any time on crypto Twitter in the last week, you would agree with that statement. Everybody's arguing about Quantum for some reason.
A
Everybody hates Quantum this week. It's like if we, we have nothing to fear so let's make up some stuff for five, ten years down the road to just.
B
Well, yeah, the reality is we can talk about Quantum, but you know, a meaningful quantum computer doesn't even exist yet. It's theoretical in, in for, for all intensive purposes. Will we get there at some point in the future? Sure. Tillman, who's usually here, you know, has a good point about it. If Quantum at, at any point does break some bitcoin code, it breaks one block. Right. It doesn't break the whole kit caboodle. It'll break one block and then the next block will go on and do its thing. So yeah, it's, you know, there's got to be something to talk about in the age of limited, you know, ability to, to keep your attention span, which crypto Twitter is well known for. There's, there's something new to, to, to be negative about and to ascribe to the downfall of, of bitcoin and, and, and crypto in general. So Quantum is the, the conversation of currently I will say that there's never been a larger dichotomy between, you know, people that have been in crypto a long time. And then again, the, the institutional interest in demand. Sure, we've seen some outflows with ETFs, but it's nothing like what the sentiment is, you know, in, in, in retail, let's call it the overall positioning by a place like BlackRock, which calls Bitcoin, you know, a big time, you know, trade for 20, 25. Why are they doing that? Why do they continue to market Bitcoin when nobody wants to talk about it in our world? Well, it's because it's their biggest product. It's their most profitable product. And just theoretically, they just flat out believe in it. And so they're gonna keep pounding the table. So it, there's such a big difference between what's going on with the big, big, big, big dollars and folks that, you know, are angry at a chart again this morning here in our.
A
They're angry at this chart. Peter Schiff is literally having spontaneous orgasms right now somewhere in the world. But the bitcoiners are mad because gold hits 4500 for first time in history. That's what happens when you make all time highs. I don't see why 4,500 is particularly relevant. But if we want to go full McGlone and never go full McGlone. No, never go full McGlone, go part way. But this rapid rise in gold prices only happened a few times in history. Never ended. Well, pattern goes back centuries. Rome's crisis, the 200s, Spanish Empire decline, French Revolution. You may have heard of this little thing called the Weimar Republic. Bretton woods collapse, Soviet Union dissolution. Every time it meant the same thing. People lost faith in their government and money. History is repeating itself and almost no one is paying attention. Pretty sure Mike Loan's been yelling about this for a while. But I mean, are you concerned at all about the run of gold and silver here?
B
The short answer is no. Every dog, every dog has its day. No, I'm not.
A
Yeah, but Weimar Republic. Did you not hear the French rev?
B
Yeah, yeah, I heard about the Weimar Republic. So those situations oftentimes are connect. Are connected after the fact. Right? The, the Weimar thing in Germany didn't happen because gold went up in price. It happened for 15 other reasons that happened to do with political issues. And all the things doesn't happen because gold went up in price, because all.
A
Those things were going wrong. Yeah, sure.
B
No, listen, I'm not a. I've learned the lessons of the past 40 years associated with the markets. Right? So there have been moments in asset classes that have said Holy. There's a recession that's going to happen, and it's going to happen very quickly because of X, Y or Z. And the only meaningful time that that happened, and it was even truncated by the actions that were taken by regulators in the moment, was the great financial crisis. So even in the great financial crisis, there were people that said that, you know, we, we were just gonna, people weren't going to be able to use ATMs, we were going to go back to bartering, and none of that happened as well. So that's the only time, Scott, in our lifetimes where there has been a very, very meaningful recession as adults that, that made an impact. Right. So basically an n of one. So you, you can go one of two ways. You can go full McGlone and said and say, well, based on that data, we're due for something. Right. Or the reality is, is that, you know, America has decided we're not going to do recessions anymore and we'll do anything we can to inflate ourselves out of that.
A
Yeah.
B
I have to believe.
A
I don't know when, like, I listen, I think we all, we have. We, like, I, I joke. I don't even mean it sarcastically about full maglone. I think you have to, you know, when you go apart, McGlone, it means you're cognizant that it might come. But damn, how do you know when.
B
Yeah, right. Yeah, you don't.
A
2032, when this finally happened and they stopped pushing buttons and pulling levers. I, I have no idea.
B
Well, I think, I think politically there's 20, 28 looms reasonably large because there is no version of our society that's, that's getting less polarized. Right. That polarization continues to be a real, real thing, and it continues to push to the outer edges. So the decisions based on what should or what should not happen with monetary policy, that then trickles down to economic policy, which then trickles down to, let's just call it societal policy. There's, you know, there certainly there's a reckoning coming. Now, what does that look like financially? That's a, that's a different question. And what are the responses to that financial outcome? We've seen what has happened in the past, over the past 20 years, anytime there's been a hint or a whiff of, okay, something bad's coming, all right, we'll just, you know, it's the meme on, on Twitter, not even crypto Twitter, but just finance Twitter. You know, it's the Fed just pumping out dollars to make it go away.
A
I don't know if you saw that. Like talk about Fed pumping up dollars. This just dropped. Sorry to interrupt, but breaking US Q3, GDP hits 4.3%, beating expectations.
B
Yeah, yeah, see, that's kind of my point. Right. So we have on the ground the sky is falling and then we get data that says, well, not really. It's actually guys actually lifting. We just are having a hard time figuring out when it moves. Should we be afraid or should we not be afraid?
A
I mean, we had the S and P at an all time high or within 3% and we had fear at like 7 on the fear and greed index a few weeks ago. So people just don't want to buy into it right now. They just need to feel that the end is coming. I think a lot of that is obviously just crypto people. Right. Because I mean, look at this latest annual performance of major assets in 2025. I didn't hear no bell. It ain't 2026 yet.
B
Yeah.
A
So you know, this, we could go to like 150 tomorrow and then this would look ridiculous. But if we're counting it here on December 23rd, silver up 128%. Gosh. Gold 66. I mean copper, because that's a thing people care about. NASDAQ up 20. Even the Russell up 12. And here we are all coins down 42.27%.
B
Yeah.
A
So I guess I can see why we're depressed or fearful.
B
Yeah, it's, it's echo chamber type stuff. Right. The rest of the world is like, hey, this is the best, you know, Christmas slash holidays we've ever had. Because everything that I own is up in price. And the reality is if you take the Nasdaq and the S P as an example and you actually did the bounce off of the, let's call it, you know, you know, tariff slash, Iran lows, those numbers are double what they are versus just year to date. So, you know, again, there is a, there's an undercurrent associated with the, you know, let's just call it discourse in the United States where again there's, there's meaningful polarization of political views. The, the, you know, the middle of the country or the middle political views are, are less and less and less and less. And so then you get a, a viewpoint associated with those polarization points that, you know, takes a position one way or the other as to, you know, those numbers don't matter. I don't feel it. Everything's terrible and it's going to get worse. To everything's fantastic. This is the greatest thing. This is the Gilded Age. This is the golden age of America. Yada yada yada. So, so those camps, those two camps keep growing, right? People keep moving out of the middle into those two types of camps.
A
So, so bifurcate.
B
You know, when, when Twitter is filled our universe, our echo chamber is filled with people that are down 40 to 70% because most people in our space hold more alt assets than they do just bitcoin. You know, then that, that echo chamber is going to be, you know, they're going to be a bit cranky every morning. Right.
A
A lot of people are wondering why it's been that way for all coins. Charles Hoskinson says it was the Trump token which cost crypto 70 vote Senate win and sparked the bitcoin only crisis. I love bitcoin only crisis. That's quite a framing. Yeah, Bitcoin's done so well because those assets you're talking about that everybody owns have not. But I actually tend to agree with him here because without the Trump token we had really bipartisan support for everything. So I think on the one side it definitely gave the remainders of the anti crypto army some fuel at least something to hang their hat on if, you know, if anything swings. But on the flip side also, like what, what altcoin is going to do better than the one, the most famous person on the planet launches on a Friday night at 9:30. So I definitely think he put in like a ceiling for the altcoin market.
B
Yeah. So that presupposes that all, all coins are supposedly tied to, you know, Trump and Melania coin when in reality you're not getting that type of narrative. You know, blackrock and, and Burn, you know, Alliance Bernstein haven't put, put out, you know, notes or you know, some sort of research that, that claims that, well, the, the entirety of, of Altcoin and, and what makes up quote unquote, the blockchain movement is now dead because of Trump Coin. They haven't put out those documents. They just keep moving forward. Right. So BlackRock just keeps using additional blockchain assets to build what it is that they think is going to be built into the future. JP Morgan keeps pushing forward. I can't believe that I just said that on this podcast.
A
J.P. morgasm.
B
Yeah, yeah. J.P. morgan is moving forward with blockchain type technology and using, you know, a couple different crypto assets to do it and to explore and, and find what it is that, that they want to build. So those things keep Happening. We, we can, you know, we can again, we can talk about narratives. People that are down 40 plus percent, they want somebody to blame. They want something to blame. When in reality, I would contend that if you decided to choose, that there will be winners, you know, over the next two to four to six years, as the rearranging of the world of finance in terms of the rails and architecture that it's built on, now's a pretty great time to pick, you know, eight to 10 of those and four to six of them are going to win.
A
You know, it's a really good time to do right now too.
B
What's that?
A
If you're really depressed and you bought a bunch of stuff higher than it is now, go ahead and sell it.
B
Yeah.
A
And harvest those tax losses.
B
Yeah.
A
You can still, as of right now, call your accountant, get their advice. But I've talked to many of them and still, since there's no direct clarity, you can buy that asset right back. If you bought Bitcoin at 125, not tax advice, you can sell it right now at 87 or wherever we're at 87 and write off a $40,000 loss.
B
Yeah.
A
Right now while you're watching this show. And you'll feel a lot less depressed given you might not have gains to write it off against.
B
Yeah. And to, to be fair, your, your, your losses in altcoins, you know, are potentially significantly larger. Right. Because if you bought alts at the time that bitcoin was at 125 and they've gone down a lot more, and.
A
If you bought them any time in history before they were already down 90 at that point.
B
That's true. That's true. So, yeah, the crypto wash sale is a, you know, a force multiplying sort of tax benefit associated with with crypto. And it's a, you know, it's a, it's a really cool thing, put it that way.
A
Does that apply to ETFs? I don't think so.
B
Nope.
A
No. Absolutely not. Has to be native. Native crypto assets.
B
Yeah.
A
Token pretty sweet if it did. But yeah, you can't unfortunately do that because those are actually real assets that they count.
B
Yeah.
A
Securities.
B
Yeah, it's, it's, There are all manner of reasons long term to continue to be a huge believer in the space, what's being built, how it's being built, and the pace and speed at which it's being built. We just, you know, sometimes you can't get out of your own way in the proverbial echo chamber. And that's where we're at right now. Oftentimes the worst part about being in the echo chamber is when it goes almost silent. And so that's where we're in. It'll drive you crazy, right? It's, it's like, you know, holidays. Yeah. It's one thing to be, you know, put in prison with a bunch of people you don't like. It's another thing to be put in a rubber room in a mental institution. You go crazy very, very quickly. Right. So that's, that's the nature of crypto Twitter right now is it's just, you know, not a whole lot going on. Not a whole lot going on with price and everybody's, you know, quiet.
A
Now, we know that this guy may have a vested interest in seeing rate cuts, being that he's a Trump plant fed, but he says without more interest rate cuts, we're going to risk recession. I mean, with our GDP growing like we just saw it. I don't know about all this, but yeah, I mean, he's still pounding the pavement on rate cuts that we need to get, or else the recession that we are promised and never happened may come. Also, if you just for fun, if you want to take a look at the Benner cycle, you guys have probably seen this, which is basically, you know, since the 1800s. 70. 1875 has predicted every period, not to say period again on the show twice, but, you know, and it's predicted every crash. Well, we should be coming into a decent time here in a panic in 2035. Well, I mean, maybe a little recession in there.
B
That's a chart.
A
I mean, light recession. Yeah, he said he told you in 1875 what was going to happen. And if you want to be dismissive of it, that's your problem. Anyway. You think that we could get a recession if we don't get more rate cuts?
B
I think that rate cuts are going to happen because it has much more to do with the whole 2026 elections and then 2028 elections. I think it has much to do with politics as anything else. I think the whole idea of affordability is, you know, Occam's razor at the moment from a political standpoint, you know, and so interest rates are going to be used to that end. There's a. There's a lot of reasons not to reduce interest rates as per the GDP that just got reported at 4.3%. You know, I think in the past four years, you know, GDP trundled along in the twos as opposed to the fours. So, yeah, the idea that we're on the brink of or heading towards a recession and we've got GDP growth at nearly 4 1/2% is. It's bonkers to think that way. That's very difficult to. You have to follow the smallest string to get there and frankly, the longest string to get there. It's not often that you have. Frankly, recessions are, are defined as negative GDP for two quarters in a row. Right. So that doesn't, we're. No, we're nowhere near that.
A
Yeah, but we had one before and they just.
B
Yeah, yeah, nobody talked about it. Right. Yeah, nobody talked about it. Be, you know, I mean, something could be said about the media at that point. But so again, it's, it's difficult to find your way to the idea of recession and why it would happen. And also that, you know, we're closer to it than not. That's, that's, that's difficult. And, and again, even if we begin to sort of slide in that direction, we're going to have, you know, new folks at the Fed who will be violent in their reaction to it by slashing rates because they will have been appointed by the current administration and be working hand in glove with them. So, yeah, there's a much better chance that it's very, very, very difficult to fully get a grip on inflation than it is dealing with a recession.
A
Yeah. We've got one other kind of fundamental piece of news here that a lot of people have been watching, which is that bitcoin faces its largest options expiry ever. We've actually talked about this at length yesterday. Both Lavish and Weisberger think that this is the reason that we seen price kind of chopping between 85 and 90. Basically, we've got Max Payne at 96, which would mean that's the point at which the maximum number of options expire outside the money. Also was like a cartoon Max Payne, but calls are clustered from 100 to 120k. That's a broad range, puts near 85k. So, you know, we can see why we would just kind of be chopping above 85 or nowhere near 100, 120. It would be pretty sweet, actually, if we expired on Friday at 96. I think everybody would be super psyched if we went up $9,000 for Max Payne on Friday. But maybe this is what's dampening volatility in the very short term here.
B
Yeah, for sure. People need to, you know, if they want to understand price action going forward. Options have become a very meaningful Part of that story. When an asset matures and becomes a much, much larger portion of the traditional financial landscape, things like options are, are playing a meaningful part in the way that that asset moves. And so we've gotten there, Listen, we, we've, we've begged for Bitcoin to get to this point in, you know, its growth and maturation process. You know, 2017, 18, 19, 2021. You know, we, we, we hoped that we get to a spot where not only were options as big and as robust a market that, as it is, but also that Bitcoin would be used by banks as collateral. And we've got, we've gotten there too. So again, careful what you wish for and at the same time you have to figure out how to, how to play the, the options portion of the story as well. It all plays a part in, in, in the story of bitcoin.
A
Volume on the ETF Options is absurd, right?
B
That absolutely is control and it's going.
A
To naturally as people find creative ways to hedge and I mean you're just going to have dampened volatility.
B
Well, listen, I bid options are a monster. I mean they, they literally are massive. And so it, that's again part of the story of you never go full McGlone. Right. So the idea that somehow I bet options grow, grow, grow and grow and then there's going to be this crazy end of the universe event that takes bitcoin down to 10,000. That's not, that's not a reality. There's too much that has grown up around Bitcoin as an ecosystem for that to happen. And the, the amount of egg on the face of, of BlackRock as an organization and, and then a bunch of others that are well respected. There's not a version of, of, of that, that, that's reality.
A
No, there isn't. You know what I wish was happening in the market now though?
B
What?
A
More bigger dips.
B
More bigger dips.
A
Yeah, yeah, because you know, I want to arch public to do something and we keep doing the like, it's like 2.9% drop in a six hour thing and I want that 3% drop or something, but it's actually beautiful because this is not getting me chopped up and buying stupid prices in the middle of a no trade zone.
B
Well, to me the story is, you know, you've got Bitcoin down 5, 6, 7% for the year, you know, year to date. But if you're using our Oracle protocol of our algorithm, you're up, you know, 16, 17. Same thing with Ethereum. Except Ethereum is uniquely, it's a much, much bigger delta there. So that particular delta says that, you know, Ethereum's down 18 or something for the year. But if you were using our Oracle protocol, you'd be up 100, Solana down 20 something percent. With our Oracle protocol, you're up 30%. So the, the variance there is anywhere between 26 and 100% using our tools. So if you think about it this way, if you're a, if you're a ultra high net worth person, you've got different versions of your portfolio, some of which is, you know, connected directly to, you know, the S&P 500 or the, or the market, let's call it. But then you have other portions of your portfolio which are supposed to outperform in times of difficulty. Hedge funds. Right. That's effectively what hedge funds are for and why they were invented. Thus the name hedge. If the market is moving. That part. Yeah. So people that if, if the market's moving violently one way or another, you want to be hedged so that you don't take that ride. That's effectively what our algorithms have provided all of our clients this year instead of being down those numbers that we showed on that Tweet, alts down 40%. Well, I don't know, Solana is quote unquote an alt and it's down year to date, something like 20 some percent if you were just a buy and hold from the beginning of the year. But our algorithms would have you up to the tune of, you know, 27 to, I think 33 on Solana. So the, the delta there. Yeah, there you go. The delta is 60% with Bitcoin, the delta's 25. With Ethereum, it's 100, with XRP, it's 51. So you can take the ride, the quote unquote, buy and hold ride, or you can use tools which effectively perform the best when times are difficult. Right? Yeah, that's right, that's right. That's a fantastic. By the way.
A
Yeah, Gemini, Gemini responding to you, almost like you guys are credible.
B
So it's by the way, and we say it all the time, but it bears repeating. If you want to test all that out, test those numbers right out. It's free. Yeah.
A
Low price of super free.
B
Yeah. Go, go, go download our software. Get in touch with our team. Our team will treat you like royalty and they'll set you up so that you have the outcomes that are shown in that, in that case study. You, you can also go look at the case study Just under our support tag.
A
Yeah, it doesn't like us because we're on YouTube. Because we're rich.
B
Yeah.
A
Hey, maybe it's just a good product.
B
Yeah. I mean it again, we're doing it.
A
Transparently, like literally showing the results and doing it in a portfolio. And the goal is to get more of the assets and it's been great. I just love the trolls.
B
Well, you don't. Here's the thing. The version of getting rich to the tune of 100x over a 48 hour period in crypto, those days are over, man. Those days are flat out over.
A
And doing the silver instead.
B
Yeah, right. So how do you quote, unquote, get rich when you're now working with the paradigm of, you know, traditional markets and somewhat traditional returns? You just do a great job of intelligently accumulating assets that you believe in. Right. And so that's part of the not shown in, in, in that tweet is yeah, you have a big delta divergence of, of performance to the upside for all four of those assets. But more importantly, you end up with more Bitcoin than you started at the beginning of the year, more Ethereum, more Solana and more xrp. You end up with a larger stack of all of those and the delta diversions of, of performance. So, yeah, it's extraordinary stuff. The guy in the mind and the genius behind the creation of what it is that we do is not with us today. Mr. Tillman Holloway.
A
He's with us in the grander sense. Just not.
B
Yeah, yeah, he, he, we won't say.
A
Like, not like Tillman's no longer with us. He's not here right now.
B
Yeah, he's gotten to the point where he's demanding that I call him the Maestro. I, I, I've, I've not gotten there, but you know, we'll get there at some point. The Maestro. So yeah, it's, I love our products, I love our people, I love our process. I can't think of another P word to add to that, but I can. Yeah, sure you can. It's not appropriate.
A
It was period, I will say, joke of the day.
B
I will say that I've uniquely enjoyed the year that we've had together, Scott. You know, your show and your audience, we absolutely love your audience. Wonderful, wonderful people. So to the audience out there, hello. And we love you at Arch Public. Fantastic folks. And, and folks that are, you know, adults, reasonable people. We love having conversations with you and serving you. And we're gonna be in New York at a pretty big event with Scott and some others.
A
Yeah, me about it before I agree to go, but I'll be there.
B
Yeah, it'll be, it'll be.
A
You know, talked about it last week and I was like, am I invited? You're like, of course. You're already going.
B
Yeah. All right. Well, not only that, but we're gonna have a pretty unique sort of bourbon and. And spirits moment with Brown Foreman while we're there. Go ahead and Google Brown Foreman if you'd like. They, they're, they're, they're of scale when it comes to bourbon and other spirits. And so they're going to bring staff in and, and really put on a show for folks that, that end up.
A
Attending and so Bitcoin Investor Week. Is that the thing?
B
Yes, Bitcoin Investor Week, that is correct.
A
Yeah.
B
Yep. And so, yeah, we're excited to do it and we're gonna put on our own show, so to speak.
A
And we do, we show up and then we pretend it's ours.
B
Yeah, we, we, we put on our own version of, of Bitcoin Investor week. Right.
A
Like 9th to 13th. I mean, we had our, we, we had our own conference at the bitcoin.
B
Yeah, we had a conference in a conference, that's for sure.
A
Have a conference and do bigger interviews that are happening on stage for like 30 or 40 people. Yeah, it was awesome. Yeah.
B
Well, that experience too, it gave our, our people, people that are involved with Arch Public, the opportunity to effectively rub shoulders not only with you, but with Jack Mers, Bo Hinds, Adam, Backs of the world.
A
Yeah.
B
People that are, you know, venerable personalities and builders in the space. I mean, my goodness.
A
Caitlyn, Long John. It was, it was the real deal.
B
And we're gonna do it again. So. Yeah, awesome stuff.
A
Now is our time to leave.
B
Yes.
A
We will not be here next week, so next time you see Andrew and mine's faces together here, we'll be in a new year. So happy 2026, merry Christmas, happy Kwanzaa, Mary Hanukkah. And honestly, whatever you guys are into, that's okay with us. We don't judge. So if you have another holiday that I didn't mention, don't be offended that I didn't know about it. I didn't know what I was supposed to say about it, but I support the fact that you believe it in it. Thank you, Andrew. Tell Tillman I said thank you, guys. Sign up archpublic.com otherwise we will see you extremely soon.
B
We'll see you.
A
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The Wolf Of All Streets
Host: Scott Melker
Guest: Andrew Parrish (Arch Public)
Episode: Gold DOMINATES Bitcoin As IMMINENT Recession Fears Set In! What's Next?
Date: December 23, 2025
This episode explores the surprising dominance of gold and silver over Bitcoin and crypto into the end of 2025, the emotional and economic cycles in crypto markets, and how looming recession fears (some warranted, some exaggerated) shape both retail and institutional sentiment. Host Scott Melker and recurring guest Andrew Parrish of Arch Public dissect market psychology, major narratives (like quantum computing and recession fears), current price action, and how different investment strategies have performed in a challenging year.
Gold and Silver's Outperformance
The Historical Pattern with Gold
Is a Major Recession Coming?
Bitcoin's Emotional Bottom
Quantum Computing Narrative
Retail vs Institutional Sentiment
Asset Performance in 2025 (as of Dec 23)
The Trump Token and Altcoin Market
Tax Loss Harvesting in Crypto
Active Management Outperforms Buy and Hold
Options Expiry and Price Suppression
No More ‘Get Rich Quick’
Scott and Andrew offer a nuanced, witty, and sometimes sardonic breakdown of why crypto feels “dead” as 2025 ends, even as institutional support and product maturation continue apace. They caution against doomsday gold bug scenarios, hype cycles, and tribalism. Their core message: bear markets (emotional and price) are transient, and thoughtful, systematic, and tax-aware investment strategies win out over echo chamber narratives and quick-buck schemes.