Loading summary
Transcript144 lines
- [00:01]
Scott Melker
I don't want to alarm you. I don't want you to get too excited, but bitcoin is officially breaking out here live on our stream with Tillman and Andrew. It's happening. I'll show you the chart. This is real. This is not, not a false alarm. It might actually be time. We're going to discuss this and everything else happening in the markets. Let us go.
- [00:26]
Andrew
Let's, let's dope.
- [00:41]
Scott Melker
What is up, everybody? I'm Scott Melker, also known as the Wolf of all streets. Before we get started, please subscribe to the channel and hit that like button. I literally just sent a tweet while doing that intro. I am a master multitasker. I wanted to show the world the beautiful breakout that we have right now on bitcoin. I'm going to bring on Andrew and Tillman. We can look at it, but here you go. Okay. You had descending resistance yesterday. You had a break through that on increasing volume. That's good from a technical perspective. But more importantly, bounced off the 50mA now above the 200mA. And if the day can close like this, this is the first higher high in a series of lower highs and lower lows since the all time high. This is the kind of thing that makes technical analysts as excited as Kanye west is when he sees his cousin. $89,193 Bitcoin right now. But I think more impressively. Can I show you guys another chart? This is, this is interesting. This for all of the correlated homers who think that bitcoin just trades like big tech. This is bitcoin versus the nasdaq. Does that look correlated to you?
- [01:58]
Andrew
No.
- [01:59]
Scott Melker
Because last I checked, bitcoin's making an all time high again as we speak against the Nasdaq. This is bitcoin versus Big Tech. If those look like assets that are trading together, then I have a luxury condo to sell you on the moon. Those things are not the same.
- [02:16]
Andrew
Yeah, it's, it's. Bitcoin has a, has a way of, of surprising to the upside at times where nobody expects it to surprise to the upside. It's got a decade of history of doing things that we don't expect it to do. At times, we don't expect it to do it. The truth is, is that we're in a moment right now where at least as, as it relates to commentary, all the commentary is negative. But here's the thing. Bitcoin doesn't have ears, right? It's not interested in commentary. It's simply interested in capital and capital Capital is, is taking flight into Bitcoin in a meaningful way and that's why it's going higher. You know, oftentimes we get bogged down in price movement associated with this narrative or that narrative or this or that. The fact of the matter is, is that when Bitcoin's price go up, there are more buyers than sellers, period. End of story. Story.
- [03:16]
Scott Melker
Funny how that works.
- [03:17]
Andrew
Yeah. And so there are more buyers than sellers right now for whatever reason. And it's interesting that as market dynamics collide, you know, across global markets, associated with all sorts of narratives, the Fed, Powell versus Trump, terrorists, blah blah, blah, blah, blah, Bitcoin has kind of been allowed to get back to its ethos, which is, you know, an uncorrelated asset. Right.
- [03:47]
Scott Melker
Up only. The original ethos of bitcoin being up only.
- [03:52]
Andrew
Yeah, up only was a terrible podcast anyways. So moving, moving to an uncorrelated asset. Right. It's an uncorrelated asset associated, disassociated from narratives. And we've been seeing that over the past couple of weeks and it's great to see, frankly. It's, it's really great to see.
- [04:14]
Tillman
Yeah. Bitcoin to me is proving in this cycle that utility matters. That's the big thing for me is like remember in the last cycle everybody was talking about the utility of coins and NFT utility and Bitcoin has been deemed to be an anti inflationary instrument. A the correlation that Bitcoin does have is inflation. It's the best indicator of inflation that we've ever invented on, on the planet Earth because it covers the global inflation rate, not just the domestic inflation rate. It cannot be manipulated. Just like if you look at the last 20, 30 years of the price of gold and silver, gold's breaking out right now, but it's been highly manipulated. There's been lots of lawsuits about it being manipulated. So why would you manipul manipulate an asset like gold or silver? Well, because you need to correlate it to inflation and the pro at the appropriate rate to sell the story. Bitcoin is breaking all of that. You cannot manipulate the price for a long period of time. And we're seeing that right now. I do think that knee jerk reactions in the global market when liquidity is tight, everything sells off, right? But then everybody starts to sit around and go, okay, well we've sitting on a bunch of cash now what are we going to do with the cash during this next phase? And if you look at what could and what should happen, there's going to be a lot of money printed over the next phase. That's, that is something I think everybody can agree upon. And if you can agree upon that, and he knows it, what.
- [05:58]
Scott Melker
Not everyone.
- [05:58]
Tillman
Not everyone.
- [05:59]
Scott Melker
Mike McGlone says we learn the lessons of the past.
- [06:02]
Andrew
We never learn the lessons of the past.
- [06:07]
Scott Melker
I'm not, I'm not, I'm not trying to be critical.
- [06:09]
Tillman
I'm saying, what if the lessons of the past were to continue inflation? Because that's what we've been doing. Listen, our economy is built on that. The question is, is can you innovate? How long can can someone or a country in innovate to keep up with its inflationary rate? And I would argue we're on the precipice of the largest change in human behavior through quantum, through AI, through all of the, you know, decentralization of computing power. Like that's going to change the world in ways we can't even predict or comprehend. And it's going to make it a lot more efficient, it's going to make it a lot more profitable. It's going to expand technology to all the corners of the globe which create new markets where more money can be floated into the market because it needs it for, for liquidity purposes. Like all these things I think are, are pointing to an, a new age of technology, an age that really, I mean, if you just look at what's happening in the AI space, my kids were telling me something yesterday and they were like, that's not, there's no way that'll happen in our lifetime. And it's, they don't understand how quickly AI is doubling its intelligence and tripling. It's, it's order magnitude beyond even our comprehension. It's scalability at rates that we've never seen before.
- [07:29]
Scott Melker
I asked Paolo Arduino, the CEO of Tether, on podcast recently, and every conversation, by the way, with any builder in crypto now goes immediately to AI and exactly what you said, the exponential rate of growth. Because I always ask people, yeah, what's your vision? Five, 10 years? What does crypto look like? And two or three years ago, it was a very different answer than post AI Now. His answer was literally, okay, well, obviously we're going to have a billion robots, humanoid robots in 10 years, obviously powered by AI, and they're going to be transacting in Tether and you're not going to have any part of it. Right? They might be doing it on your behalf, on their own behalf, but that is what's coming. Now, I can't say that it will be actually tether. But now you can't be like, oh, in 10 years maybe we'll have a meaningful level of adoption. Nope. The robots are going to be dominating us with AI, no question.
- [08:18]
Tillman
Well, if it makes sense that if, if crypto brings instant settlement, but the risk to instant settlement is errors. Right. Then having an AI agent sitting on top of the transactional power of a human being and, or a corporation makes all the perfect sense because there will be less errors, it will cost you less to deploy. And quite frankly, the accounting's done as the transactions are reading on the like, it's all integrated. The efficiencies of scale there are, are enormous. It, it kills multiple industries in, in one fell swoop.
- [08:56]
Scott Melker
Yeah, here's something interesting. Speaking of instant settlement, because you gave me a nice segue. The CFTC seeks input on 24. 7 Derivatives trading, perpetual futures. Okay. For those who don't know what that means, that means that we're considering going forward full Bitmex on United States futures exchanges. This is actually something that's being considered, but we already know that I think 235 has been approved for the NASDAQ, right? 23 hours a day, five days a week.
- [09:25]
Andrew
Yeah.
- [09:26]
Scott Melker
That's because of crypto. The pressure of crypto trading 24. 7, 365 is making a definitive change in the way that markets will trade. But they're also looking at perpetual futures, a type of contract popular outside the US and gaining traction. Digital asset trading. Yeah. Every single exchange, it's making billions of dollars. That's the contract that they're doing it on could be coming to the United States. And all of that has to do with that sentiment that you're talking about.
- [09:53]
Andrew
Who, who are the CFTCs and the SEC's constituents? Right? It's the Charles Schwab's. It's the Robin Hoods. It's these organizations. Right. It's these organizations that, you know, manage wealth for folks. And, and so for all intents and purposes, those, those individualized entities are beholden to what their clients want. Right. And so if they're seeing meaningful movement away from their platforms to places where they can get 24.7liquidity and 24.7optionality, then at some point they have to go back to their regulators and say, hey, we're losing clients, we're losing assets, we're losing traction with a more than comfortable percentage of customers. And, and we don't like it. So we need to make some changes. So let's have a conversation about what those Changes are Charles Schwab just announced that they're going to add crypto trading to their platform. That's mind blowing.
- [10:55]
Scott Melker
Okay?
- [10:56]
Andrew
Charles Schwab has been around since the freaking 1800s, okay? So if Charles Schwab is going to add crypto trading to their platform, then by extension they have to be open all the time.
- [11:10]
Tillman
Well, they, they have to be. And if you look at like Coinbase and you look at Kraken, you look at Binance by bet. These monster exchanges are not only changing the paradigm from Tradfi exchange, how they operate in terms of, you know, 24, 7, 365, but look at the amount of money that we as crypto people are willing to pay in fees in the crypto space versus the traditional space. In the traditional, traditional space, it's a race to the bottom. It's like, let me give you a little bit of incentive to come to our exchange because we can reduce your fees from 25 cents a trade to 23 cents a trade. Does that sound good? I mean, it's like nothing you're arguing over like table salt type of incentives. Whereas on the crypto side, how have they gotten new members? It hadn't been by reducing their rates. It's been by putting new coins on there that people want to buy. That is why people go to new exchanges. When someone launched an ico, why did you open up a new exchange? Well, because that ICO launched on that exchange and that was the only place you could get it. And so one industry crypto is focusing on innovation to drive growth, which allows you to charge the customers a lot more money, a lot more profitable business with a lot fewer employees, a lot more scalable, all of the above. So you're seeing a major shift, not just in timing, but in profitability and in every aspect of being an exchange.
- [12:45]
Scott Melker
And that's why Solana meme coins are flying and the rest of the market is languishing. Because in the past cycle when you wanted to trade doge, you had to sign up to an exchange, wait three months because there was such a long backup, and then you could get access to trading does. Now you just get a wallet and you go into the metaverse or wherever the these DJ are doing whatever the they're doing. Because I have no idea still how you buy a goddamn meme coin. Because I'm a boomer.
- [13:12]
Tillman
You don't do it. They go into the computer.
- [13:14]
Scott Melker
Files are in the computer, they go into the computer and they don't need to sign up for anything. And they can just throw that money. It's like a slot machine that'll take your full hundred thousand dollars instead of taking it one dollar at a time, like you just throw it all in there and done.
- [13:31]
Andrew
Well, that's why that's the point is that is that traditional legacy wealth management organizations are not stupid. And what they realize is that at some point there's going to be a wealth transfer from boomers down to those other generations, the Gen Z millennial type folks who know how to do what you just talked about. I don't know how to do it either. I don't want to learn. But there's a reason why decentralized exchanges have enormous amounts of flow on a daily basis. Right. That still exists. So if you're a Charles Schwab, if you're a Robin Hood and you're trying to keep up with those type of entities, which by the way, a significant portion of those entities, Kraken, Gemini, Coinbase, is already public. There's going to be others. It wouldn't surprise me if a decentralized exchange goes public here in the next 24 to 36 months. A Uniswap. Right. You know, they're completely unfettered at this point. So those types of entities, again, are really pushing the envelope associated with, you know, the idea and how you walk through the process of quote, unquote, wealth management. What is that? What does access look like? And so again, the CFTC talking about perpetuals, talking about 23. 5, which will turn into 24. 7 again if you're 24. 7 and you're BlackRock and Citadel wanting to do that, tokenizing trading for all intents and purposes, and open up an entirely new exchange. 24. 7 is way better than whatever it is, 8 and 5, right? Because 8 and 5, you're limited as to the amount of flow that can happen, which means you're limited to the amount of capital that you can consume. 24.7blows that particular top off of that. So the ability to make more money just increases by a figure of about 3x.
- [15:39]
Tillman
Well, and if you love economics like free markets are supposed to be unencumbered. So somebody's saying, oh, you can't trade because I'm asleep. That's not unencumbered like you should. We should be trying to develop markets that have as little friction as humanly possible based upon the where we are on the technology curve. And this is a massive leap forward. And I don't think I will tell you this. I was very upset about what happened with the Whole XRP lawsuit and that whole debacle over the last four or five years. I am very pleasantly surprised with the purchase of this exchange. I didn't understand the stablecoin when they launched that, but they have a plan and they seem to be on the same wavelength as the, the rest of the big boys, which is we need exchanges propped up that are fully integrated across tradfi and crypto because if you do that you by definition are 247 and you're which side of the house is going to win. So it even pushes the market further in having to compete with one another because they're literally side by side and it gives you a ton of arbitrage opportunities that you can't otherwise harvest and can't take advantage of. So I think they're on to something over there. It's going to be interesting to see because again back to like this cycle being about utility, that would be a great utility case for xrp. It's a depth of liquidity. They could provide high interest loans and all sorts of lending functionality within the exchange. Based upon how much XRP though they hold, it's instantly settled or as close to instant as you'd ever want. Like there could be some real. Again I, I still say that a lot of these altcoins are going to be gobbled up by private industries and they're going to be put to, you know, put to the test as it relates to the use case and to the efficiencies they can provide. And I think a lot of them are going to be implemented across major, you know, global corporations as efficiency deltas, as efficiency improvements.
- [17:47]
Andrew
There, there is a utility associated with crypto that has been literally staring us in the face that we don't want to look at. And that staring in the face is again what we've just been talking about for the last 15 minutes is the adjustment in significant changes to traditional markets and how they function. Like that in itself is utility. That in it is of itself is the reason why crypto is compelling and has made meaningful change across finance. And so you know, we get these, you know, high minded folks that have been, you know, VC type folks in the world of, of crypto and the reason why they're at this point I'm not going to name names but I've seen several posts over the last few months, you know, associated with, you know, being, being disciplined, being dis. Well, if I were to melt some cheese, I'll just leave it at that. So, so you know, just disappointed in the overall, you know the overall value associated with crypto, right? Like, oh, crypto's boring now. Crypto's not what I wanted to be. Crypto hasn't, you know, given me all that is, is just crying over spilled milk. Slash crying over my bags aren't worth what I hoped they would be worth. Like that. That's what they're crying over. So it's not about utility associated with some weird dick butt app that you thought was cool and you had a party at, at one point and that was interesting.
- [19:18]
Scott Melker
But it was all dudes.
- [19:20]
Andrew
Yeah, yeah, of course it was all dudes. But again, we're talking about utility that's making massive and considerable change to financial markets. That's utility. That's utility at scale. So if you want to talk about what has crypto done over a 10, 5 and 10 year period, Bitcoin, need I say more stable coins are taking over transactional value as we speak and will continue to. And then massive changes to how financial markets work and function and are structured. I don't know. That's, that's pretty serious stuff, man.
- [19:58]
Tillman
Well, and you have, you have rwas knocking on the door like they're next, right? You're going to start seeing big, big real estate developments. Being this one of the, I was trying to do this six years ago because it's a in fantastic use case but you know, all these institutional development funds that you have to have $10 million cash to contribute in order to get in and it's invite only and it's only because the developments cost in, you know, some crazy about 300 million, $1 billion. And they don't want to have to do mountains of paperwork to collect 100 grand or 50 grand. They, they, they want to just do a little bit of paperwork and collect $10 million chunks or above. And so that, what does that do? That, that precludes a lot of people from participating. A lot of people. Well, blockchain can change that. Blocking blockchain can absolutely democratize the access to those types of opportunities because all of that paperwork is done on chain and you don't have to do it on the paper anymore. It's, it's, it's done automatically. So there's these things that are going to be coming out, I think in the very near future that to Andrew's point, are changing markets, right? Changing access points to markets. And that includes, in my estimation, you know, commercial real estate and institutional type investment opportunities.
- [21:28]
Scott Melker
I don't mean to interrupt, but I know I was laughing on the side and there's a reason. I think that we just had the best accidental comment in the history of comments in the chat. Okay, what is it? Athena will blow people. Wait, wait. Next comment, next comment. Mind, I can't. I'm sorry. Sorry. But I'm sure I was listening to you guys.
- [21:59]
Andrew
Between the institutional adoption of dick butts and Athena will blow people, you know.
- [22:05]
Scott Melker
Says dick butt app.
- [22:06]
Andrew
Yeah.
- [22:06]
Scott Melker
Is that what I heard yesterday? The crypto dick butts were very popular NFT collection and community. Melton Demir is a very passionate crypto dick butt. I know that. Yeah. It's real thing. Oh, man.
- [22:21]
Andrew
Yeah. Well, here, there, therein lies literally the last four sentences that were uttered on this show. Therein lies the, the, the different levels of real world actual changes associated with crypto and stupidity. Right? I mean, those are the, those are the differences. Right? And so you can do some stupidity stuff and build a community around stupidity and make some money around stupidity. I mean, there was a world back in the 70s where pet rocks sold like hotcakes, but we're in a time period now where you're having Charles Schwab make, you know, put out press releases associated with crypto trading. You have the CFTC and the SEC making adjustments to the way that markets work, the NASDAQ doing the same. These are all happening at the same time.
- [23:14]
Tillman
You have the president launching meme coins. I mean. Yeah, that says it all. I mean, that, that, that tells us that everything that we could have thought would happen has happened because that's kind of the, the final straw.
- [23:27]
Andrew
Well, you, you also have again, with, with these structural changes associated with markets. It's my belief that, you know, two to three years from now, when we're still doing this podcast, the conversation will be, will be very, very different than where we are now and it will probably be more serious. Right? Because we're going to have bitcoin mortgages, we're going to have bit bonds, we're going to have options that turn into a huge, huge market. A reminder to everybody listening to this that the reason that Larry Fink connects bitcoin's total market value and cap in the future to the mortgage market end cap, that happened over a period of time. Somebody like that doesn't say that unless they believe it. Remember that everything that Larry, you think that people in crypto Twitter take what you and I, Scott, say, and they hold us, you know, accountable for it to some degree. Imagine what Larry Fink says and who holds him accountable? It's a whole another level. Right? So for him to Say something like that, that lives forever. It lives forever. So we're headed into a space.
- [24:45]
Tillman
I don't just look at it from what he's saying. I look at it as. Why, why is, why would he say that? What, why would he say that bitcoin is the same as the mortgage opportunity? Well, I, I think it's because he understands one thing you can't. Like Fanny Mae and Freddy Mac. Why would anybody, including the government, buy and back mortgages endlessly with very little on the ground due diligence against the asset? Like, why would that be a good business model for anything, any corporation or any government to embark upon? Well, because they know one thing, that they're going to continue to inflate the dollar. And there's only, there's only One corner at 101 East West street, right? Land is scarce by definition. It only has one spot. You can only be standing on the one lot once. So there's this, there's this natural rise in price that they can guarantee is going to happen. So if you're buying mortgages for a 30 year period, you're really safe because 30 years from now, everything is going to be more expensive than it is today, period. The end. And so like land and bitcoin do have this one characteristic that allows you to build infinite liquidity on it, in my opinion. And it says, and you can bank it from every corner in every local regional bank and you can have all that debt flow up to a central entity that buys it and holds it for a long period of time. Like that's in my opinion, why he sees the beauty of where bitcoin can go. Because it's those characteristics allow it to go there.
- [26:30]
Scott Melker
I've had a couple meetings, which I rarely do with projects of late. Things that are being built, things that are being launched, and the most compelling ones right now are all bitcoin based. I mean, Andrew, to your point about bitcoin bonds and bitcoin backed real estate, these haven't even launched. Maybe I'm not supposed to even talk about them yet, but people's reserve is one. They believe that bitcoin is effectively the most pristine form of collateral. The things they're going to do are crazy with bonds, mortgages, self repaying mortgages. I mean, it's really crazy. I hope that at some point when they're launching, I'll have them on. Meanwhile, I don't know if you've seen this company, it's been on a bunch of podcasts, but doing basically bitcoin denominated life insurance. So it's the same as any whole life insurance policy, but instead of being denominated in dollars, it's denominated in bitcoin. I mean, these things are so obvious. Both of them require the belief that bitcoin is in itself money and a viable denominator. But the point is we're going to end up getting every single product that we have denominated in dollars eventually denominated in bitcoin. If Larry keeps going, we're going to get.
- [27:41]
Andrew
That's correct. And by the way, it's my belief that Larry thinks that his particular stack of Bitcoin and his customer's particular stack of bitcoin, Bitcoin is going to be the base layer for again, what you just described and what you just showed us. There's not just going to be two companies doing this two years from now. There's going to be 200 companies doing it two years from now because it's going to happen really fast. So again, we're in, we're in a spot where two years from now we're going to be talking about the bitcoin economy and alpha opportunities associated with arbitrage with bit bonds, bit mortgages and bid options, you know, all at the same time. Right. And so the scale of liquidity associated with it is going to explode. Absolutely explode.
- [28:33]
Scott Melker
I want to. This is interesting because we obviously have had months of outflows from ETF products, from investment products surrounding crypto in general for a little while there was like, hey, 10 million inflow hooray yesterday ahead of what's happening right now to some degree, 381 million inflow. So obviously yesterday was a huge volume day on a big candle spread breakout. So not entirely surprising. But it feels like in this case it was almost front running. The big, big news, right, that we got a hint from ETFs of what was likely to come for bitcoin price, which is not usually necessarily what we see, but 381 million inflows right now after a long trend of outflows and no discernible reason when stocks are down and there's fear in the market. What do you make of this huge spike? Who is that that's buying? I mean usually it's a bunch of retail buying ETFs, but I don't think everybody got together yesterday and was like, this is, this is my time. So there's something else happening here.
- [29:39]
Tillman
I think the tariff situation was, it was shocking to me because number one, if you really think about it, if tariffs can, if tariffs escalated and we had a very high tariff environment globally, you can't tariff bitcoin. It's tariff proof. So that asset would I think eventually thrive even more so. But the knee jerk reaction of everyone when they don't understand what's next is to go to cash. And so you saw this massive sell off, this huge transfer of position. And I personally think that that's the sign that the institutions like you have to create volatility inside of this type of an adoption curve in order for them to accumulate their position. And so bad news, when retail freaks out about bad news, they take advantage of it. They don't have to. They're not looking at a one year, two year timeline. And it's like the people who are bored with, with Bitcoin at 83000 or 85 000, you know, they're looking at it and going, man, what else can I put my money into? And, or it, the, the economy is hurting a lot of people and they may need the liquidity. Those types of circumstances though are, you know, what, what fuels the next leg of the, the race. Because the institutions aren't going to, they're going to do everything in their power to keep it volatile and keep it as low as possible until they have their bags.
- [31:10]
Scott Melker
I think I read that right now it's going to be previous to the last two days. But bitcoin is actually historically low volatility for bitcoin and I know that it's been far less volatile than the S and P. So this whole three times volatility of the stock market, that shit's invalid now.
- [31:31]
Tillman
Well, I would say it's invalid if you, it depends on what time frame. Yeah, yeah. Because if you look at some of the, the wicks that bitcoin has incurred over like just a, you know, one hour time frame, for example, it's, I mean it's, it's still there that you can play those pretty nicely.
- [31:48]
Scott Melker
But we also did see on a fake Tweet about a 90 day tariff pause, the S&P go up about 10% in 10 minutes.
- [31:54]
Tillman
12. MQ is up 12.
- [31:57]
Scott Melker
It ended the day 12. Which by the way, like not a sign of a healthy market. I'm just.
- [32:02]
Tillman
No, it's not. Well, it's thin liquidity. Thin, thin trading.
- [32:06]
Andrew
Yeah, we're in a position where, and I know Jeff park has talked about this a lot where volatility did.
- [32:15]
Scott Melker
We didn't understand it.
- [32:16]
Andrew
Yeah, volatility is the name of the game. And by the way he commented on our, are there two or three Jeff Parks and we just don't know it, he's like, what, where did this conversation come from? I was probably at another place doing my other thing that nobody knows. He was in the metaverse, right.
- [32:34]
Tillman
He was talking to Michael Sailor.
- [32:36]
Andrew
But, but his point about, you know, grabbing volatility and squeezing alpha out of it, he, you know, he's, he's spot on. There's going to continue to be volatility. What's it going to look like? Where is it going to show up? I mean that's the game of Wall street and creating outside outsized returns on a go forward basis. So is it going to be in bitcoin? Is it going to be in other tokens? Is it going to be in traditional markets, is it going to be in options, Is it going to be in markets and product that hasn't been created yet? Like again, a reminder, last year the most traded ETF on the planet was 2x long Nvidia. Right? What does that presuppose? That presupposes that two or three years from now, will it be a surprise if the most traded ETF is 2x long or 2x short Bitcoin? Yeah, it absolutely does. Or shocking. Could it be 2x long or 2x short a Solana ETF or an XRP ETF? Because those are coming. Paul Atkins just got, you know, finally stamped in and he's now the guy at the SEC. Like all these ETFs are coming and they're kind of going to come quick.
- [33:53]
Tillman
I think it's going to be a lit, I think it's gonna be a little bit of that and I think it's going to be a lot of companies announcing that they've gone to the bitcoin standard. I think there's so much potential volatility that's pinned up in an announce like that that it's almost like it's, it's the highest form of gambling that exists. Which mean tells me it's going to present itself in the markets. Which, you know what I mean by that is like if GameStop, if GameStop gets a little momentum in D, you know, nibbling into the bitcoin standard like they are, and then they decide to go full tilt like we're buying $3 billion in Bitcoin and they announce it overnight. Why would a company like that do that? Well, they have a multiple multiplier effect in their share price. They have incentive beyond the bitcoin. So it doesn't matter that they have to buy the bitcoin at a higher price. That's what Michael Saylor has been talking about that a lot of people kind of get lost in is he says, I buy all the tops. Why does he buy all the tops? He buys all the tops because that's when he gets the most leverage against his share price, when bitcoin's at its highest price because his share price is a multiplier of that share of bitcoin's price. He gets leverage that doesn't exist when it's on the dips. So he gets to buy more bitcoin, which is a self fulfilling prophecy in the, in the direction of, of where his stock goes and where the price of bitcoin goes. And it's that kind of infinite money loop. So if you see corporations, I think that, you know, Twitter's been buzzing for a couple weeks now. There's a huge corporation that's about to be announced that nobody knows who it is and it's bigger than GameStop, not game. Well, I think that's going to be really, really prevalent and important and even Jeff park and Bitwise, they put together that etf. What is the etf? It's companies that have exposure to bitcoin. Well, not just exposure. Yeah, yeah, exactly. Well, not just adopted it, but adopted it to a certain standard, to the bitcoin standard that they've set, which is a huge high, high bar. It means that you're basically going into the Michael Saylor camp and leveraging everything that you've got in your company towards that effort. It's not like, hey, we're going to add 3, 5%. It's like, hey, you're going to have a billion dollars worth of bitcoin on your balance sheet and you're going to have X number of percent of your cash availability put into bitcoin. So that, that type of thing I think is going to provide a massive delta opportunity in terms of trading over the next, you know, year, two, five years. Because companies are going to continue to come out and announce it because they need to raise capital and it's the easiest way to raise capital right now if you have a public company and you sitting on a lot of cash and your industry is dying because it's a legacy industry. This is like no brainer territory.
- [36:49]
Andrew
Well, the, the just look at GameStop. And again another bad take by high minded VCs. You know there was a take out there that well, just look at GameStop and adding Bitcoin to your thing is now kind, it's a little bit played out. It hasn't had the, the response that, that they thought that it would have. GameStop was less than $10 a year ago and now it's at 27. I don't know. That seems like a reasonable increase in share price associated with being adjacent to Bitcoin, adjacent to Sailor, adjacent to the conversation, and then now making a move to do it. So a borderline 3x, you know, two year share price seems like a meaningful outcome. So volatility is here to stay and you know, we're going to put ourselves in position to, to benefit from that volatility. Ergo, Scott, if you don't mind, I've.
- [37:46]
Scott Melker
Got the bitcoin one.
- [37:48]
Andrew
There you go, there you go, that one right there.
- [37:50]
Scott Melker
Tell me stuff anymore?
- [37:51]
Andrew
Yeah, just do it. So here's the thing, right? So volatility is going to continue and it's very, very difficult to stay up for 24 hours and try and be the best trader on the planet and grab top ticks of green candles, bottom ticks of red candles, build a position that way and create cash yield. That's what we do at Arch Public and we do it in a way that nobody else does it. So you know, a picture absolutely says a thousand words. And there's the picture. Look at the purple, the purple arrows at the tops of those green candles.
- [38:32]
Scott Melker
Gotta tell you man, you sold it sold before. We're going to 400,000 by tomorrow. I'm sorry.
- [38:38]
Andrew
Yeah, but it only sold a tiny little amount because it's a long bias strategy, right? It's a 2.25x long bias strategy. So all the times that it purchased down at the bottom of those red candles at 78, 79 and 80, you still hold huge amounts of that position while again creating cash yield. Here's the other thing about the bitcoin ecosystem and all the talk so far this year and most of last year was well, how do I get yield on my bitcoin stack? I've got a bunch of bitcoin, it's tripled in price. How do I get, where do I get yield from without giving up, you know, access to my bitcoin? Like leveraging or lending. Here's your answer, right? Here is absolutely your answer. Doing it and giving you yield in the middle of the night. That top tick candle on the green candle right there was at 2am Even if you're Scott Melker, the greatest TA guy in the history of crypto, you can't pull that off ever.
- [39:38]
Scott Melker
I used to do. But I could, I used to be able to pull that off. Because I'm not kidding, like in the very end of like when I would go back and do a couple random DJ gigs here, I would sometimes have a chart open.
- [39:48]
Andrew
Well, okay, well there you go. You've gotta be.
- [39:52]
Scott Melker
Everybody's leaving. Yeah, let's go.
- [39:55]
Andrew
You gotta be a DJ. DJ that's up at 2:30am that's always trading Bitcoin.
- [40:01]
Scott Melker
90,000American dollars for one single Bitcoin. Doesn't matter. One Bitcoin is one bitcoin.
- [40:07]
Tillman
Well, here's the thing.
- [40:08]
Scott Melker
It's like XRP though. Look, here's xrp.
- [40:11]
Andrew
Yeah, we'll talk about that in a minute. Go ahead Tillman.
- [40:13]
Tillman
Well, volatility is an asset. We keep hearing Michael Saylor say that. He's like, it's, it's a feature, not a, you know, a discount. The feature of volatility allows you to set traps both ways. If Bitcoin goes up by 2.5% on a four hour candle, sell this many dollars worth. If Bitcoin goes down on, in this time frame by this percentage, by this many. So what it does is it allows you, if you've ever been catfish fishing, you set the lines out or tuna fishing, you set the lines out and you go inside and you troll and you wait for the fish. And that's a way that keeps you unemotional, it keeps you from having to sit in the chair and trade it. There's a lot of advantages, but it also allows you to execute quicker and with more precision than you could otherwise. Because otherwise you're, you're left to your own devices. You start convincing yourself and quite frankly you can't move your finger fast enough. So there's all sorts of benefits of using automated trading and that's why we've made it free. We, we want people to see behind this curtain. We want people to know the power that exists. This type of technology has been being used for decades, literally decades by all the firms. And so now this is for, for you, this, you can download it, you can have it on your computer, you can absolutely, absolutely run it for free. You can use it across multiple symbols. Xrp, Ethereum, Solana, Bitcoin. You can use it to accumulate, you can use it to unaccumulate or to sell out of a position. You can use it for the chop and trying to create cash yield based upon your own custom percentages and your thresholds. It is absolutely a institutional grade tool that is now available to you.
- [42:04]
Andrew
And here here's an interesting concept. So the term algos, you know, has some sort of a negative connotation in crypto, but in traditional finance, that is how business is done. Like the New York Stock Exchange 40 years ago had 7,000 people on the floor screaming at each other with paper. Nobody exists on that floor anymore. Why? Because algos exist. 80 plus percent of all transactions in traditional markets are affected by algorithms, period. End of story. You don't have access to it because it's only used by institutions and the highest of high net worth people that have access to it. We've brought it to anybody that wants to use our free product. With $200, $70, $500, you can use our product and our technology for free. Free. So we're democratizing, we're literally democratizing finance. We're bringing you technology that you don't have access to unless you're 50 million long at Goldman Sachs. That's what we're doing.
- [43:14]
Tillman
Seeing is believing. That's why we've made it free. Come check it out and we'll, we'll help you learn the feature sets, we'll help you navigate learning the software until you can literally play with it to, for, for endless time periods. Like you, we have about four different base strategies across four different symbols and you can change the parameters to, to make an infinite number of strategies. So this is literally not a one size fits all. This is a fully customizable software suite is the point. And we'd love to show it to you. We're very passionate about it. Volatility can be an asset is the bottom line. And, but you need to be ready for, for it. And if you're not sitting in front of your computer waiting with your finger on the mouse and you haven't done all the math, then you have, you're not ready for it. This allows you to do all that, set it and forget it. And when those things happen in the real world, then you get to take advantage of it.
- [44:10]
Scott Melker
So what's going on here with the XRP algo?
- [44:14]
Andrew
So yeah, it's good to highlight it. You pull up that, that tweet. Just our, the free version of our XRP outgo in the last month has generated $1,800 in cash yield. Just the free version using $10,000, $1,800 in cash yield and you end up.
- [44:33]
Scott Melker
With more XRP and you end up.
- [44:35]
Andrew
With more XRP and 1,800 more dollars just on 10 grand. Okay. If you're in our tier one concierge program, and you're using 100 grand in that algo, you're generating $18,000 in cash yield and you end up with more XRP. That's the point is that the diversity of outcomes associated with what we do. If you want more cash yield than that, you work with one of our staffers and they make some adjustments on your behalf and say, okay, yep, here's what it looks like on Trading View over the last year. Is that something you want to do? Okay, yep, we'll set it for you like that. Now you're getting more cash yield and a little less X xrp. You want more ARC XRP and a little less cash yield. Let's plug that into Trading View as well. This is what it looked like in the last year. You're comfortable with that? Okay, click. Now you're done. You just check your phone every once in a while and see what's happening. That's it.
- [45:32]
Scott Melker
So good. Yeah, I understand why there's haters.
- [45:37]
Tillman
They haven't tried it. It's okay.
- [45:39]
Andrew
Try it for free, man. Try it for free.
- [45:42]
Scott Melker
Try it for 50 bucks in there and try it.
- [45:45]
Andrew
Yeah.
- [45:46]
Scott Melker
Might turn you into an XRP maxi. Good sailor in there just flipping ripples.
- [45:53]
Andrew
Arch Public is taking over the Whale Experience at the bitcoin conference. So, you know, maybe slow down on the XRP commentary.
- [46:04]
Scott Melker
Launching our fresh meme coin and XRP algorithms at the Bitcoin conference on Industry Day. You heard it here first. Going right to the perfect target audience.
- [46:14]
Andrew
Yeah, it's no, the, the Whale Experience this year. It's in Vegas. It's crazy. I just spent some time on the Whale Experience at the bitcoin conference website yesterday. I hadn't looked at it in a while, man. It's gonna be, it's gonna be something.
- [46:32]
Scott Melker
Just swim around like this.
- [46:34]
Andrew
Yeah. It's gonna open.
- [46:36]
Scott Melker
It's a whale experience, but instead of plankton or whatever that just. Tequila.
- [46:40]
Andrew
Yeah, that's right.
- [46:42]
Tillman
Yeah, I, I, I'm going to be interested to see how many people from Washington show up because it is officially mainstream now. Like, you know, Trump broke that seal last year. And so I, I would anticipate David Sacks. I think he's speaking there and I think.
- [46:57]
Scott Melker
Did you see Peter Schiff is speaking?
- [46:59]
Tillman
Yeah, don't get me started on that. I know, I wanna, I want to be in favor of that, but I'm not. Even though we're going to get to boom on stage and throw things at him, it's still not going to be. Listen, he's, he's Just the largest troll of all time. I guess it's fitting to have him at the conference and have him dance in a jester suit for us or something like that.
- [47:22]
Scott Melker
But, you know, I don't care, by the way.
- [47:25]
Andrew
Yeah, I mean, that's the reason why he's showing up.
- [47:28]
Scott Melker
That's gold right here. This is the daily candle. If we print a candle like that, that money's going into bitcoin.
- [47:33]
Andrew
And the other reason that he's showing off, he runs a fund that's frankly terrible. That's a bond fund. And he hopes that he can convince some people at the bitcoin conference to put a little money in there. That's it.
- [47:44]
Scott Melker
Can't have a fund without fun, Andrew.
- [47:46]
Andrew
Yeah, that's right. Well, Peter, point being is, by the way, Peter is fun, though.
- [47:51]
Scott Melker
Actually, I've gone drinking with Peter Schiff. He is not who you think he is on tv.
- [47:55]
Andrew
Well, he has a good time. He's down in Puerto Rico. Right.
- [47:58]
Scott Melker
He is dominating down in Puerto Rico.
- [48:01]
Andrew
What's stay.
- [48:01]
Scott Melker
What happens in Dorado stays in Dorado.
- [48:05]
Andrew
I believe down there in Dorado too, right? Isn't David Bailey down there in Dorado?
- [48:10]
Scott Melker
David Bailey's in Guayanabo, which is where, like people with kids that don't want to pay a premium to play golf live. But Dorado is a lot of.
- [48:22]
Tillman
Yeah, listen, Chef has.
- [48:25]
Scott Melker
You know what I like, Peter. I don't want to put anything on a quote that, you know, but they're having a good time down there.
- [48:30]
Andrew
One other thing about the bitcoin conference, and it's not something that we're going to shout on social media, but something that we can mention as, as a point of interest, we're going to be doing a giveaway associated with our presence at the, at the. The Whale and the deep and all that stuff that's for just for whales only and just for the audience in that room. That giveaway is going to be extraordinary. So if you're going to be attending the whale experience at the bitcoin conference, you know, keep your eyes open for what we're doing. Yeah, it's. It's. It's going to be really something. It. I don't think there's ever been a better giveaway than this at the, at the bitcoin conference. I can't imagine that there ever has been. Can't imagine it.
- [49:15]
Tillman
So it's going to be a fun time.
- [49:18]
Scott Melker
$500 in XRP algorithm Gemini.
- [49:25]
Tillman
Road map to 587.
- [49:29]
Scott Melker
Dude, if you don't believe that one XRP is going to trade at 587. I don't even know why you watch this show.
- [49:39]
Tillman
Listen, selling it on the otc, that's what I've heard in some countries. It's already trading at 587otc. So we'll find out.
- [49:48]
Scott Melker
Obviously I heard it on the Internet. So guys, archpublic.com. archpublic.com. You can see it right there. It's not that hard. See it. That's how you spell it. If you're hard of spelling blow people mind. I gotta go back and find that comment again. Yeah. Oh God. Sorry. You guys can talk about that. I'm gonna talk about Athena.
- [50:13]
Andrew
Okay. Yeah. Again, it's free. Use it for free. Try, you know, try it, Try it for free. And, and give us feedback. We love feedback. We absolutely love feedback. It's interesting that, you know, we're in a position where arch public, if you go take a look, is getting extraordinary, let's just call it publicity for our customer service. Our staff is exceptional at getting back with people, helping people, assisting people very, very quickly.
- [50:46]
Scott Melker
I did see, I did see a lot of compliments on the customer service, by the way.
- [50:50]
Andrew
Yeah, you'll find that feedback. So for us, you know, under promise and over deliver both on product and performance, but more importantly on communication and service. And so, you know, that's.
- [51:01]
Tillman
Yeah.
- [51:02]
Scott Melker
Well, one of the things of marriage where you over promise.
- [51:07]
Tillman
What are you talking about? I'm much better looking now than I.
- [51:10]
Scott Melker
Was when I got American, obviously. Exactly. I'm exactly as advertised.
- [51:15]
Tillman
Listen, I, I, the, the truth of the matter is is that bitcoin in the past has been, it's been had a high barrier to entry. In my opinion, it's been difficult. So accumulating it, trading it, using it in exchanges, all of those things are becoming easier and easier. And one of the things that was really frustrating for me early in my crypto journey journey was that I couldn't call anybody. I, I couldn't talk to anybody about problems I was having. No one would help me set up technology. I'd be trying to, you know, do cold storage wallets or any, anything that was kind of innovative in the space. And it was like there was no customer service department that at all to lean on. We, we are really passionate about serving our customers and we want to help you. So if you have questions, whether it's, you know, things that we have the answer to or not, we're on your side. We want to help you find out the answers to those questions. And so far, so good. We're pretty good at helping people find those answers. So come talk to us. We'd love to help.
- [52:19]
Scott Melker
Got the logos up there somewhere. We got the scrolly thing down at the bottom. Andrew didn't have to yell at me, but I was late on it. I was late on it, to be honest. We've got the website up here, Arch Public. You can. You can follow them on X. You can do all the things. But, guys, seriously, man, it's free. Like, yeah, just, you know, either try the amount of, like, insanity around John Deaton talking about this, by the way, on X was.
- [52:45]
Tillman
Yeah, it was awesome.
- [52:46]
Scott Melker
Like, he's hacked.
- [52:48]
Andrew
Yeah.
- [52:49]
Scott Melker
Like, no, he's literally on the show, like, talking about it right now.
- [52:52]
Tillman
John has the same thesis that we do is like, everybody should own some, and we should make it as easy to own it as possible, and we should make it as productive owning it as possible. And that's. That's what we're trying to do. That's our mission.
- [53:05]
Scott Melker
Well, now we got to. We just did 56 minutes of this and only one. Only one Kanye joke. Right before the show, I was trying to tell Andrew and Tillman about the south park episode with Kanye. You guys have seen it, right? I would tell you guys. We've done this. I'm going to tell you. It's the funniest joke of all time, according to South Park. It's. Do you like fish sticks?
- [53:27]
Andrew
Yes. Yes.
- [53:28]
Scott Melker
Do you like fish sticks in your mouth?
- [53:30]
Andrew
Of course.
- [53:31]
Scott Melker
So you're a gay fish. That's the joke that. The premise. But Kanye doesn't understand it and spends like 25 minutes of the show doing flowcharts like, I'm a genius, greatest of all time gay fish. And he doesn't get it. But then at the end, he accepts that he's a gay fish. He does a whole music video underwater, making out with fish.
- [53:52]
Andrew
Incredible.
- [53:53]
Tillman
I haven't seen that.
- [53:54]
Andrew
We've gone.
- [53:55]
Scott Melker
Next time. Next. Next Tuesday. I'm just playing the entire episode while we watch, and then we'll tell you about some algorithms. It's gonna be so good. All right, guys, that's obviously all we got. Check out Arch Public Tillman. Andrew, thank you so much. Appreciate you, as always. And we will see all of you people very soon. Goodbye.
- [54:16]
Andrew
Let's.