Transcription
Oh yes, yes, oh yes, oh yes, guys! Welcome to another episode. And as you can see right now, ETH is pushing higher and higher and higher and higher. And the question is, how high can it go already? Now, in August, can it go to 5k? Can it go to 10k? In reality, the next step is the all-time high at approximately 4.8. And here, either you look at the week, here, all-time high week, which is at 4.8. If you look at the monthly close, it is around, at around 4.66, which would be amazing to reach in August.
And the reason why I'm saying that likely we will keep pumping very nicely until the end of August is because of seasonality, guys. If you look at seasonality, normally August is fantastic for ETH, and it has been already quite good. But when you look historically, this is what ETH normally does in August when it comes to the last year of the cycle, to when it comes to the post-hovering year. So, right now we're in the post-hovering year. We're up plus 16%, but likely it's going to go way, way higher because look here in 2021, which was the last post-hovering year, basically the year of the, of the peak of the cycle, we went up, uh, 35%. Look in 2017, guys. 2017, ETH did a 92% pump in August.
Now, the thing to remember is that normally what happens is that after August, when September comes, we do have a bit of a dump in most post-hovering years, both when it comes to ETH and also let's check Bitcoin. Bitcoin also normally is a bit bearish when it comes to these post-hovering years in September. And this is where we need to keep an eye on the global M2 because it is peaking out late September. And this is something we need to really, really, really have on our radar. But for now, we are in August. August is super bullish, super bullish ETH, super bullish Bitcoin. And we continue for the coming, how many days is like 20 days? Still a bit less, 20 days in a very, very bullish way.
The reason why, the reason why we have a bit of hesitation right now, the reason why we're not just pumping through the roof, is because we do have a CME gap on Bitcoin, guys. When you look at the Bitcoin chart, you do have now a CME gap. This happens when Bitcoin pumps during the weekend, and the CME futures don't trade during the weekend. So, when the CME futures close on Friday and open on Monday, you have a gap. Why does it happen? Why is it so important for the price to go down and fill the gap on the CME chart? It's mainly because CME is what Trad looks at. CME chart is what Trades. The Trady, they don't really look at, like, you know, Binance. They don't look at Binance. They look at CME as their main source of Bitcoin price. And so, when a gap is formed, normally the market goes back to refill it and to test these price levels to ensure that all of the supply and demand in these levels is all taken and cared of and priced in, is all taken into consideration when we're pricing in Bitcoin. So, normally they do go down eventually. Eventually, it can take a long time for them to go to go down. For example, here we had a gap forming in July, and we went back in August to fill it. So, it doesn't have to be instant. Uh, but also here, we do have some gaps which are unfilled. Here is a gap at 93. I hope that this one gets filled in the next bear market, and that would go down now because that would be very, very bad. But in the next bear market, this thing will probably get filled. This CME gap right here. Then you have another one, another CME gap here that got, that got filled. And by the way, they, they filled on both sides. Here's another one. You see, bam, got filled. Sometimes we dump quickly during the weekend, and then we recover to to to fill it. So, that, that happens also. Um, so, all in all, this is important to keep an eye on. Here was another one in 2024 where we did see a gap, then it got filled. Then another gap was created here, and as you can see, it also got filled. Uh, so, it wouldn't surprise me if within the coming days, we go back and we retouch 118 just to ensure that the gap is filled and we continue pumping to the upside in a very, very nice way without having any gap that is unfilled. And normally, the market is a bit worried to pump. For example, now everyone sees the gap. So, instead of buying, people are on the sidelines. Institutions are waiting. Traders are waiting. Whales are waiting. So, that's why there is less demand when there is a gap right here.
Now, could we just keep pump, keep pumping? It's also possible. It's also possible that we just, uh, continue to go up, and that's it, and we don't touch it. Everything is possible. It's all probabilities. But based on probabilities, the highest likelihood is that we fill it sooner or later. And it would be better to fill it sooner. So, we just continue to the upside. That's the main reason. Currently, you're seeing a bit of hesitation. And also, of course, we do have the resistance, the big fat juicy resistance here at 120, which we have been testing since early July for over a month now. We're testing 120, 120. I mean, each and every week we come back to 120, basically, and and touch it. As you can see, we got rejected here in early July, in the, in mid-July. Now, we again kind of get rejected here with a big fat wick to the, to the upside. But once we break it, once we continue, fantastic.
All in all, on the big picture, nothing has changed. We are consolidating after the breakout here. It's very, very nice. We even tested the breakout area. Consolidation after breakout is a continuation signal. It is a continuation signal, and it is very bullish. Although I know we all want to go to the moon instantly, very fast, and, um, it will happen, and it does happen. If you zoom out, I mean, if you zoom out, you see how much Bitcoin has done since, I mean, just look one year ago. One year ago in August, we were, where were we here? Somewhere at like 50. Okay. So, if you zoom out a bit, you see that Bitcoin has done a lot. Basically, Bitcoin has doubled since last August. But day-to-day, it feels so slow. Bitcoin, so slow. I see it in the comments sometimes. People are writing, "Hey, Ivan, why Bitcoin never pass?" Like, what? What are we speaking about? I've been hearing for years, we're going to moon. We never. What? Now, most of those people, they have also not been doing that great. But that will change very soon. Now that Bitcoin dominance is collapsing, it's going to change extremely, extremely, extremely, extremely, extremely, extremely, extremely soon.
If you look at Bitcoin dominance, let me pull it up right here. Bitcoin dominance now going down, going down very, very, very nicely. And as you know, this is the altcoin season signal, basically. That as long as this thing keeps going down on the monthly, it's still in a bullish trend. It's bearish on the weekly, on the two-week, on monthly, still bullish. But as you can see, we're really going towards this 58% mark. We're going to soon break bearish even on the monthly. And this is the next big fat altcoin season that is in front of us. And already on Thursday, guys, we do have a free webinar about alts, all about how to use this altcoin season, which will not be super long. It's going to be a few months. It's maximum going to be a few, max months of opportunity to make massive, massive gains in the market. So, you really need to focus. You need to prepare. And if you click the link below, you can join the free webinar on Thursday, where we're going to be discussing all of that. Which alts to buy, how to buy them before they pump, how to sell before they dump, how to start with a few hundred or a few thousands and grow to to millions. It's, it's all possible. It's all possible if you manage risk correctly, if you understand the opportunity and the timing. Timing is super, super important. But anyway, I will be teaching you all of that.
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And on this note, I want to welcome everyone who is watching live. Big shout out to Guzman, who is time-stamping us today. Let me know how you're doing this fantastic Tuesday. Let's get to 3,000 likes, guys. Let's go heavy. 3K likes, shock the algorithm. So, you signal that this kind of content is important and that, that YouTube pumps this content to more and more people. It's also key. Look here, looking at the, at the ETF flows. ETH is now five times bigger than Bitcoin ETF flows. So, Tom Lee is funneling all of the TRFI money into ETH. And hopefully, with this kind of inflows, ETH can break all-time high very soon. It can really do it within the coming weeks if this continues. I mean, until August is ending, I for sure think we're going to, we're going to at least try all-time high because, as you can see, the amount of institutional inflow now that Tom Lee is, is promoting ETH every day on all the podcasts, it's monumental. Monumental.
Now, some news is that you have Pudgy Penguins being adopted by Tom Lee's company. This BTC, uh, or is it Tom's company? This is the Tom Lee company. Yes, I think so. Should be. Anyway, this treasury company, they, they have now Pudgy Penguins. Three Pudgy Penguins. Very, very, very nice. Please confirm if it's Tomi. I think it is Tomi. Uh, next, you have this Stripe is launching an L1 chain. L1 chain. They will be doing L1 chain for payments. They will be doing their own chain for, uh, all of their needs. And this is very interesting because it unites the Solana Maxis and the, the ETH Maxis because ETH Maxis are coping that this is not an L2. They want L2. Solana Maxis are coping. Why not building on Solana? And by the way, building on L2 or building on Solana, in my view, would be better than doing your own. Like, any of this would be better because doing your own chain, you are an island. You're an island. You need to be interoperable. So, it is interesting that a lot of these companies, they choose to do their own instead of, um, instead of building on the existing network effects. But, uh, let's see. Stripe has a lot of network effects. They have many, many users. So, they may even outclipips the, you know, eclipse the users of the L2 ecosystem if they can get all of their business on-chain. That'll be fantastic. Okay. Yeah, so Tomi is BMR. So this is not Tom Lee. This is BTC. Okay. This is another one. But, but this is key. So, Stripe together with Paradigm are building the, the blockchain. I don't know if they're going to have a coin. Nothing is known because the only thing we know is that there is, there is a job posting. There's a job posting, and that they're hiring. They're hiring for the job posting, and that's it. And they will be working with Paradigm to do the, uh, the L1. Uh, will it be an opportunity to make money? Uh, I don't know. I mean, it's a corporate chain. It's a corporate chain for their own needs. Will they have a coin to attract, uh, traders? I mean, I doubt it. Maybe they will, maybe they will surprise, and it's going to be Z, going to be meme coins and stuff, but, uh, I don't think so. I think it's going to be, it's their back end, like for their back end, they're going to have this chain so they can, uh, use ERC20 standard, they can transfer, they can, uh, do DEX if they want their own DEX, but, uh, all in all, it's interesting to see more and more corporate chains. What will happen at the end of the day is that they will either go to L2 or they're going to build on Solana. Like the having fully separate, it's probably the, the thing that makes least sense. But obviously, they know more, they have their business, they know exactly their business needs, but you need to be interoperable. But having an L1 doesn't need to be not interoperable either. I mean, they can still interoperate with all other chains and have bridges and all of that. Uh, but that's quite important because this signals crypto adoption. More companies are in crypto. This means that stablecoins will now have more use. I mean, if you have your stablecoin on Solana or on ETH, and then you can bridge it to this, uh, Tempo. This is going to be called Tempo, the chain that they're building. You can instantly bridge it to Tempo. Now you can pay, uh, for products, goods, and services in Stripe using their stablecoin. Fantastic. Fantastic. So, overall, big, big fat net positive that, um, Stripe is now all in, um, all in, all in crypto and building their own chain. Uh, but, but would it be better to build L2? Probably. Would it be the best to just build something on Solana? Even more probably. Even more probably. But let's see how this will turn out long term. I, they can still change their mind and become an L2 in the future as well. Kind of like Ronin did. Ronin also said that, "Okay, now we're, we're L2 now." Uh, so that's that. Uh, moving on. Uh, and by the way, here's, here's some question marks. The ETH community has question marks. Honestly, very confused by this choice. And then he tags the founders of Stripe. Feels like Libra all over again. You can eat your cake and have it too by building an L2 on ETH. The largest enterprises, banks, fintechs, and so many others are already building on ETH. Developers are used to it, and there's an enormous amount of tooling and in, but they get all the tooling. It's EVM. They get all the tooling. Like when it comes to tooling and developer, and developer, there is very little difference between an EVM L1 and ETH2. It's very similar. You can still have your own chain with whatever rules you want, except it's orders of magnitude easier and cheaper to operate. You'll have access to many millions of users, hundreds of billions, and soon trillions in assets. You can still have a bridge, man. At the end of the day, um, I also see the other side because if you have a separate L1, it's not like the users really notice or give a [ __ ] honestly if it's L1 or L2 because look at Binance. Binance can still have a lot of volume. They have all the bridge, like they have everything. It's, uh, and it's not an L2. So, whether you have L2 or L1 for the end user, actually does not really matter. For the company that is running, that is running the chain, is obviously harder to do L1. That's the only argument that doing a one yourself, you need to invest a lot in the, in the plumbing to, to have the node working and so on and so forth. So, Base, for example, doesn't, doesn't have to do any of that because they just use Optimism's codebase and they pay a lot to Optimism to be able to use their codebase. If you look at Token Terminal, we looked the other day, they pay 95% of the fees, they pay to third parties, to Optimism, and then like 5% they pay to ETH. So, ETH doesn't get anything. Optimism gets all of it. So, yeah, um, there is some truth to, to the fact that if you do your own L1, there's a lot you have to build yourself. If you are a third-party dev building on an L1, I mean, you will barely notice. You, the only thing you'll notice is in case the L1 is poorly managed. For example, on Cronos, you have a big problem because their node barely works. Like their chain, it's, it, barely, like it's so hard to run. Node providers cannot run it. It's downtime all the time. It's crazy. It's quite crazy because the software is bad. Like the actual node software is bad. And this is a problem with most EVM L1s. Their node software is is crap. Like it's crap. I see Polygon guys in in the chat, like it's also crap. Like it's utter [ __ ]. So, sorry for using the word, but it is true. And it's not only Pulse. Like I'm saying, all the L1s that build their own L1 and like they fork EVM, it's horrible. If you try to run their node, like you need a full-time team just to run the monstrosity. It's not an issue with all of the L2s. That's where, you know, as an infra provider or tooling provider or a dev building on the chain, L2s actually are high quality. So, that's, that's the only difference. Like on the plumbing side, it's, it's quite big. But from a user perspective, and user perspective, you barely notice it. If you have enough, uh, devs ensuring that, like duct-taping the crap so it doesn't fall apart, the end user barely notices it.
Okay, moving on. So, uh, in 2019, it would have made sense to do an L1, but it's 2025 now, and the time has shown it's not a wise, wise choice. The L2 on ETH is only getting better, and rollups will soon have real-time inter. I mean, this is another thing. If the rollups can have this fantastic interoperability that they promised for years and years and years, that that would be something that is like easier than a bridge. It's, you barely notice when you, when you trade. And they really have to change all the wallets so you don't have like ETH here, like you have 10, a million different ETH versions on all of the L2s. Like it's, it's, it's so dumb. The, like that's so dumb with L2s that you have ETH here, ETH there. Oh man, I have to bridge. I use gas here or gas there. I'm using 500 L2s. It's not good. It's not good. If they can make it super interoperable that you don't even notice, you know, all of the different ETHs on the different chains, it just says ETH, and that's it. That would be something. I mean, will be something. But yeah, it's probably 10 years away. Um, so, yeah, Tempo is the new chain from, uh, from Stripe. Let's see how it goes, guys.
Look here. Trump, Trump's advisor. Trump's crypto advisor smashing buy. Smash buy. He's going to smash the buy button with 762 million of Bitcoin this week. David Bailey is planning a huge Bitcoin purchase through Nakamoto Inc., targeting 6.4K Bitcoin this week. Very, very nice. He said, "Ever since getting into Bitcoin, I've always had this dream of smash buying, smash buying a billion of Bitcoin in a single bit. Just go into the order book, smash buy the order book. Tomorrow, that dream comes true. Got to start, got to start dreaming bigger." And, uh, yeah. Uh, oh yeah. And then he said, "It's actually 762 million, but close enough." Yeah. I mean, it is close enough. Bailey served as an advisor during Trump's position campaign. Earlier this month, he expressed ambitions to raise $200 million for a political action committee to advance Bitcoin interests in the US. We need to do that. We need to be lobbying everywhere. Pay everyone. Lobby everyone. I, I've asked the other day, is lobbying like legalized corruption? Some people explained a lot that, oh no, it's not. Listen, just have the money, give it to all of them so they feel that they have Bitcoin bags, they vote correctly. It's very important. Like the bankers are doing that all the time. Elizabeth Warren, why is she so anti-crypto and pro-bank? You think she really cares about this, you know, banks and crypto? She's lobbied. Someone is giving her the correct incentive. So, with crypto, uh, I think we've been pretty successful. I mean, you see, you see yourself, we've been pretty successful with lobbying properly, and Trump has his net worth in crypto now. So, and also, actually, the banks pushed Trump's out of the banking space. They debanked him, so he understands crypto more than anyone else. But anyway, good, good, good. I've learned a lot policies and how the game is played this year. I'm thinking about raising 100, 200. Yeah, you, you need the monies. You need the monies. They're not going to vote anything without the monies. You give the monies, they vote correctly. Nakamoto changed its mascot to a bullfrog. Yeah. Very good. Very good. Bullfrog. Just, uh, buy Bitcoin. That's it. Store it and very nicely accumulate. Uh, what else? What else? What else?
Oh, you have Salinas. Mexico's third richest man has 80% of his money in Bitcoin. Listen to this. Very, very, very nice. So, I'm not very positive about the economy in general. Uh, I think that anybody who has an investment portfolio should be extremely careful because of the, the way that stocks are valued today. It's ridiculous. I don't own a single stock other than gold miners, Bitcoin miners, and in a very small proportion. And that's why my portfolio is 80% Bitcoin and Bitcoin exposure through miners, and 20% gold and gold exposure through miners, and that's it. That's my investment portfolio. No, I don't know. Why do I still have gold? Well, I could probably move to 100% Bitcoin, but, uh, maybe I need a little bit more time, you know, being an old guy and all that. Yeah, I mean, that is 80% portfolio Bitcoin and Bitcoin miners, 20% gold and gold miners, and then you're as much plugged out from the system as possible, and that's very, very good.
Guys, look here. UBS, UBS from Switzerland, the bankers from Switzerland, sounding the alarm, saying that the US economy is entering a clear slowdown, and the Fed likely needs to act soon. Very important. In a new report published by Fortune, analyzed by Fortune, the financial institution knows that the real gross domestic product is growing at a significantly slower pace than either of the previous two years, with growth at an analyst rate of just 1.2%. So, all in all, the economy is not doing well. Powell is waiting for signs of something breaking. He has, he has now the signal. He has now the signal. Economy is getting weaker. Time to cut as soon as, as soon as possible. Despite Chair Powell's, uh, pronouncement at the, uh, FOMC post-FOMC press conference that the immigration slowdown was slowing population growth, that's labor force, but yeah, I mean, if they work, they work. In Europe, we have an issue that, uh, barely anyone works. It's max, max extract. It's lately, it's been like that. It's not what's happening in the actual data. Well, exactly, exactly. I mean, in the US, you have a similar situation. It's max extract, max extract. Um, so, yeah, it's, uh, it's not helping. It's not helping the, the household survey. Some look more labor is slackening, and the household survey itself. I expect inflation growth is not slowing. Other, so it's going to be, it's going to be very interesting to see what Powell is doing. Will he cut? He needs to cut, and you know, he is really taking his time to cut. He's really taking his time to cut. And this cycle is potentially running out of time. You know, if you look at the four-year cycle, we should top out in Q4 this year, okay? Maybe November, maybe October. If you look at global M2, it's October. If you look at, um, the, the classic cycle, it's, it's November, somewhere there. So, could it be that we enter some kind of mini bear, and then Powell cuts rates like next year, and then we have another bull? Can it be something like that? Because, you know, time is running out. I mean, it is what it is. Time is running out. I still, I still think we're going to have a massive, massive, massive altcoin season, uh, until the end of the year. I think it's going to be biblical, and that's why I will explain to you everything in on Thursday. So, sign up. It's still many months left in this, in this year. Don't discount this year. It's still many, many months to pump. So, we have a, a lot of time, but also not a lot of time. So, that's why you have to join.
But can it be, can, because this whole cycle, we've been pumping in an environment of super tight rates. Super tight rates. And yet, we've been pumping. So, let's say they don't cut because he's too slow. Like Trump is saying, too slow Powell, but they cut, let's say in March next year, and we have some kind of bear, you know, from many mini koala bear, like we've been saying, not full-grown ass grizzly bear, but maybe mini koala from December to March, maybe April, we have some kind of down, and then bam, rate cuts, money printing, all of this starts to unravel, and we start the new cycle already done. Normally takes a year of dumping to reset. Just like last cycle, we, we topped out in November of 2021, and then in early 2023, it was back, back to bull, back to bull. Okay. The problem was that we went down a lot. We went down from like 70 to 15k in Bitcoin in that year, but just one year. So, would it be crazy to say that if Powell starts pumping the market in the middle of the bear, that it stops maybe after six months? Could it be something like that? Let's see, guys. Let's see. It's, it's possible. It's possible. It's definitely possible. So, all in all, have a long. That's why having a long-term Bitcoin huddle is so key because we don't know, maybe it just all comes back very quickly. And in Bullmania Pro, in the course, I explain, have a long-term Bitcoin huddle that I have, no matter what. And sometimes it's painful. Sometimes, you know, having a long-term Bitcoin huddle really tests your brain during the bare, the bears. It really, really, really tests your brain. But you just got to like huddle, huddle, huddle. But obviously, in, in the bear market, even if you play it correctly, like for example, last cycle, we played it almost to a T perfectly. I stopped doing videos at the top, we exited most positions, but then the long-term huddle, I mean, the whole idea is that you, you don't touch it. So, it goes down from 70 to 15K, but you, you just, you just huddle because you never know. You don't want to be chasing if you, if you, it's very hard to time the market. So, long-term huddle is long-term huddle. But yeah, it's, uh, it's going to be interesting to see what's going to happen this, um, this cycle and, uh, what we're going to see with the, with the Fed and everything. Uh, so, yeah, let's continue.
You look here, uh, we don't have pricing in of the new SEC, of the new SEC that is that is now in place where they're saying that you can do anything, basically anything crypto is legal. You can share revenue, you can do DEX, you can do, I mean, whatever you want, you can do. This is the new SEC what they're saying. And Bitwise has come out and said that ETH, Solana, Uniswap, and others are yet to see the boost from the massive SEC pivot. So, basically, Matt Hogan is saying that the recent speech by the SEC chair, uh, is not priced in and is the most bullish document for DeFi, and, you know, the most obvious opportunity for L1s and and DeFi. But it hasn't yet been priced in. It does actually take a genius, he says, to see it. If sustainably all assets are going to move onto public blockchains, you want exposure to those chains. And here you have ETH, Solana, and so forth. Uh, the best approach is likely to have a basket of the leading assets, ETH, Solana, Cardano, XRP, Avalanche, Apple, Sue, Near, and so on. As the cloud of regulatory uncertainty that has hamstrung the growth of DeFi apps disappear, uh, the sector is going to boom despite the lack of regulatory clarity, and DeFi apps have significant usage. Uniswap, the largest spot trading app, processed $88 billion in trading last June. DeFi lending protocols like Aave also hit a new high. Everything is hitting new highs. And now with the clarity from the, from the SEC, even better. Even better. Uh, guys, listen. That's it on the big picture. Oh yeah. Yeah. I have one more thing. You need to have Bitcoin also because you don't know where the world is going to swing politically. And it's, it's, man, it's tough to say where it's going to swing. It's tough to say. There are good arguments for both cases. Let me play you the bare Stalinism socialistic case. This is from All-In Podcast from this Freedman guy. Listen to this. My prediction will ring truer than any of us hope. Socialism will sweep over this nation. I fear the cancer, and it's going to be worse than what we saw with woke stuff. People are stagnant in wage growth. No one in the United States, including wealthy people, who haven't taken significant notice of the increased cost of groceries and the increased cost of buying home goods. Everyone's rent goes up every year. There was this TikTok rant that went viral this week about this woman that's like, "Why does my rent go up every year? My salary doesn't go up." We're in this really difficult moment because of what Ben pointed out, which is that we've basically funded the government to do everything for us. And by my calculation from last year, I think nearly half of Americans are employed directly or indirectly by the government at this point. Because of that and the inefficiency of government allocation of capital, everything inflates in cost. And we're entering this era where some people make the joke that the train has left the station. Yeah. Ex. I mean, it, it's so interesting how, how the, how the political landscape is going to be because I can see both sides. What he's saying is true. More and more people are being left out a lot due to the money printing. They really need Bitcoin. And if they swing more to the left, you really need to have Bitcoin because they will increase taxes. They're going to confiscate your wealth. This and that, the exit tax, maybe they will introduce in your country. So, just have Bitcoin because it's yours. Like, it's yours. Crypto is yours. Whatever the paper says, like, it's yours. Okay? And then, of course, you, you do everything legally. You exit legally, but exit now already. If you see your country going too much to the left, you can take action, action now. And your, your, your Bitcoin is your Bitcoin. That's it.
But also, I can see an argument that a big portion of Gen Z's, they're actually, they don't like the left because they've been living with the consequences of the left policies since day one because they are mainly seen in school. For example, you know, I was growing up in Swedish ghetto. Maybe I'll record a full, a full video about that. But, you know, we moved from Belarus to Sweden when I, I was a kid. So, obviously, when you move, you, you go to ghetto, ghetto, man. [Laughter] I went to school there. It was a very interesting time. But, you know, I knew from day one, this is going to go to [ __ ]. This is going to go very bad. I can see it firsthand what's happening. No one speaks Swedish. I mean, my friends, all of them were like from Iraq. I mean, it was good times. Good times. And, you know, I was, I was in the ghetto, and, you know, because I was from Belarus, but, you know, they think just I'm from Russia. It was good because, you know, the, all of the Iraqi guys, like, you know, Afghanistan, Somalia, they, they love Russians. Okay. So, uh, they, I, they really welcome me. I like, I love that. But also this, we, because I, I look white, and I am white, obviously, uh, I was welcome there also. So, being, being like Russian is, is quite good from that perspective in the ghetto. It's quite good because, you know, this Iraqi guys, they, they hate the West. Like, they live in Sweden, but, you know, they're there to max extract, but they love Russia. They love Russia. They, they hate West, US, they hate, they hate Russia. Great. I, I'll tell you the full story sometime. But what I want to say is that from day one, I knew, I knew what they say on TV is incorrect. I knew what they try to fugazi you on the TV with, oh, you know, all the doctors, man. Like, I'm friends with all of the doctors. They, they're, they're max extract mode. They're not doctors, guys. But no, no, the TV is saying it's the doctor. Okay. Okay. I know. I know. I know. I go, I meet them every day. Like, I know, I know. So, I knew that the media is BS from day one. Okay. Now, uh, in school, that's where this shift is seen the most. Okay. So, uh, when this was like 20 years ago, so I was in the ghetto, still, it was quite contained to the ghettos, this, this problem. But now it's everywhere. So, Gen Z, like, they've been living with it since day one. Since day one. Okay. So, they know, they know that you cannot trust media and all of that. And so, also a big part of the reason I'm saying that is that a big part of them is also to the right, due, due to that. So, maybe just, just going to get more and more polarized. Maybe that's what's going to happen.
Anyway, guys, let's go to Q&A, question, answer, debates, discussion. Let's go, guys. Let's go. Let's go. Let's go. Pumping the beat. And as always, number one, check out the webinar link below. You about all is already on Thursday. Check out the Pionex or the bots and join the competition and WEX. Number three. Go. Let's go. Let's go. [Music]
I haven't take base arc until bear base. What do you mean base? Base chain, uh, questions, answer, base questions. Yes, the CPI data drops at 8:30. Yeah, listen. It's dropping. It's, they release it. It comes, maybe it's up and down. Like, who cares? Like, it's, it doesn't affect too much. They need to cut. They need to cut. Maybe it's going to be a signal. But Powell is likely political. So, he will not cut until he really has to because, uh, he, he did cut instantly to support Joe Biden before the election. Now, he doesn't cut. I, I, I don't know if he even cares about data that much. Okay. What do you think? Uh, today's Pango price? Let's check Pango. I think it, it's. Let's actually see the overall market. Uh, you see here, Pango down 10%. Yeah, I mean, it's a discount. It's a discount. Fantastic. Uh, is it, is it definitely better to buy now than it was a week ago? Uh, well, actually, a week ago it was the same price, but it's better to buy now than like three days ago if you look at the price because it's lower. If you go to the, to the mall, and you see a TV which yesterday was $33 and today it is $29. You, you probably will think it's a good buy. So, it's kind of the same here. Think of it as a plasma, plasma TV. Few days ago, it was right here at 33. Now it is right here at 28. It's a discount off discount. Uh, now, in terms of, uh, the chart, let's, let's see the chart. Pango, Pango, Pango. Yeah, it's good. It's good. It's still consolidating here around the previous all-time high. Very, very nice. Next. And you see rejected by the, uh, by the fib at 0.04. So, yeah, it's going to come back. Likely it will come back and test again. Let's see the overall market, by the way. More here we have, um, I mean, everything is kind of depressed today. It's, uh, nothing too big going on. Week, what happened? Parking down a lot. That's, I mean, that's a discount. That's a discount. Anna Panda IRO. Yeah, on the weekly, many gainers, but daily, a bit depressed. A bit, a bit down. Cookie, cookie, cookie. Let's check cookie. What's happening with the cookie dow? Cookie? Let's check this bin short. Where is it? There you go. So, cookie. Yeah, it really needs to pump soon. It's a bit in a sideways slash bearish, uh, on the daily here. Uh, will be bullish at 0.17, but yeah, I mean, all in all, just sideways, a bit depressed, but yeah, hopefully it can continue to the upside.
Can IRO get to, to how many dollars? 20? Let's see. IRO USD. Mhm. Let's check Coinbase. Can it do a 20x? Well, uh, let's go on the higher time frame. Let's go to like quickly. It's just now in a bull trend on the weekly. Very, very nice. I mean, all-time high is at 2.3, man. I mean, it would be amazing, but I think that it's, it's never say never. Never say. If it breaks too with size, it would be fantastic, but I don't really see 20. Will this do 20? Depends on the, on the bull market, on the altcoin season momentum. For now, you see it's bullish, so it's, it's a signal. I think for sure it's going to go to all-time highs. Uh, then whether it's going to go to 10 or 20, that's, that's a question for another day. Can it theoretically do it? It can. Theoretically, yes. Theoretically, yes. Practically, let's see. We need to see the momentum. But theoretically, it could, especially in a blow-off top. It's, it's not impossible. And, you know, I, if they can really capture the, the narrative that they are the main DEX, they are in Coinbase, they are eclipsing Uniswap. So, let's see how much it needs to pump. Okay, let's be more realistic. In, if we look at valuations, let's compare valuations. So, IRO now is only 1.8, 8 billion fully diluted right now. 1.8 billion. So, if it goes to $20 like you say, it would be like 36 billion. Okay, let's check Uniswap and see how high it went. Uh, just to, I mean, just to have something to compare to. Let's check market cap. Let's see in the max, max, max. Well, on the max, it went to 22, 22 billion. Okay. So, this is like a 10x for IRO. If, if IRO is to go to the highest of Uniswap plus cycle, it will be a 10x from here approximately, a bit more than 10x. It's, so it's not 20, but it is, like 10 or something. So, it's still good. Still good. So, that's why I'm, I think 10 is for sure. But also, each new cycle, the valuations become bigger. So, Uniswap went to 22 last cycle. This cycle, the biggest DEX maybe goes to 40. So, it's possible. That's why I'm saying it's not impossible. It's possible.
Anyone thoughts on dollar cycle and real, uh, and the real bull, bull run? Oh, you mean the DXY? Let's see DXY. What's DXY doing? DXY still in bear trend. That's actually exactly how I like it. It broke below the support. I see a chart here. Probably drew it like weeks back. This, uh, uh, months back actually, this support. So, on the monthly, the dollar index is breaking down. That's very, very, very nice. And, uh, yeah, I mean, normally when this thing goes down, Bitcoin runs. It's, it gives Bitcoin opportunity to, to run very, very nicely.
Okay, guys, last, last question, and then we're out of here for today. Well, we're going to do Ivan on Couch in the evening. You guys seem to like it. I see in the engagement numbers that Ivan on Couch is doing very, very, very well. And listen to me, it's not, uh, it's not hard to do them. I mean, I literally just press a button and speak for like three minutes. So, as long as you keep smashing the like on them, and I see the engagement numbers are good, Ivan on Couch, uh, will be, will be airing, uh, every day. Exactly. The casting couch. Exactly. If you don't know what we're speaking about, check the video from like now for the last three days, we're doing Ivan on Couch. Uh, evening, evening, evening, uh, yeah, evening message. Bull market. Exactly. It's the bull market. Ivan, the amount on, of content we push now every day is crazy because it's bull market, and a bull market, you got to be bullish. Bullish, bullish, bullish, bullish, bullish.
Do you have any physical Pudgy Penguin? Yeah, I have this one. I have this one. I have, um, Oh, by the way, so big shout out. Okay, so a big shout out to Luca, because he sent me this, uh, early on. Early on, I was in touch with Luca, and he said, "Hey, we're launching this physical budget penguin." So, he sent me this for the longest time. Like, I didn't understand like, what is this? Is it valuable? Like, is it, uh, what is this? But then the other day, I saw on Craigslist that this is like $5k. Like, people are buying this like collectible. Okay, this, this is like a collectible shark suit, and you can search like shark suit penguin, uh, collectible. So, yeah, big shout out to Luke, to to Luca, and, uh, yeah, give me more, more merch. I, I'm going to put it in the, in the shelf. It's, it's fantastic. So, I mean, yeah, who, who would have guessed? Who would have guessed? It's, uh, this is, this not just a toy. I was thinking, is it like a toy? What should I do with it? It's like a toy or what is it? No, now it is confirmed, it is a high-value collectible. There you go. So, yeah, this is the, the physical. But what else they have? This is, I, I would love to have more. I can pimp out my whole shelf here. Then, and, and then I also have this, uh, astronaut guy from, what's the guy's name? He's doing this astronauts. I forgot the guy's name. Maybe you guys remember, but this one also got gifted to the show, uh, years ago already. So, normally he charges like 10k for that astronaut, but he, he gifted it to the show. So, big shout out, man. What's his name? Spaceman statue, statue artist. Yeah, this was long time ago. This was like in the bear, bear. Oh, Brendan Murphy. Exactly. Brendan Murphy. Uh, just to explain to you what we have here in the background. So, uh, because you see the, the space guy every day. So, you should check out this, uh, Brendan Murphy guy. He, he has this Bonji projects. Exactly. So, this astronaut here, it, it is Bonji project, and, uh, yeah, it was, uh, he gave it to, to the show in, in the bear market. Uh, so, yeah, very generous from him, and it looks amazing. I, I knew from day one, like, if this spaceman is going to be amazing, but he's doing real, like, real real size, like, not real size, it is mega size, mega size statues for offices, for, uh, yeah, I mean, for like government, no, you know, theaters. He is hired by governments, hired by companies. And so, yeah, this is fantastic stuff. This is art, man. This is art, man. I want another one. I want another one. How do I buy another one? I, I need to write to him. Let's get another one, guys. Another one. Let's see. Is this one is in Miami? He did in, this is in his studio. Where did he launch? I want to see where he launched one of these. They bring the TVs in. Always had this weird connection to these these people who are willing. There's a video where he launches one. Oh, what is this? Jo. Yes. So, I've been a long, long time friend of Brendan Murphy. I mean, he has, and, uh, very, very, uh, and, um, you know, I, I love. I thought it would be cool to show you what what this, um, art collectible art means in the background. Guys, Jason, that's it. Thanks a lot for being here. Thanks a lot for contributing to your show. We will be back later today with Couch. Uh, check out the webinar link. Number one, sign up for alt webinar if you haven't yet. Number two, Pionex, the competition, you know, we have. Uh, number three, WEX as well. Check, check, check out the links. And big shout out to Guzman for time-stamping us today. And, um, enjoy, guys. Let's go to 3K likes. Have a good day and goodbye, guys. Goodbye. Goodbye. Goodbye. Goodbye.