Transcription
Bitcoin hit $76,000 after eight straight green days. We haven't seen that happen in three years, the eight straight green days. And it's only happened 15 times in Bitcoin's history. Now, unfortunately, the last time it happened, it led to a massive correction, but historically, it has been a very good thing to see this kind of progress, especially up to a key resistance. We're going to talk about that and everything else that's happening in the Bitcoin and crypto markets and probably all over the world with Tilman and Andrew of course, but also our good friend James Butterfield. Let's go.
Let's do >> Good morning everybody. I hope today that you can both hear and see me because we were lacking in the see me part yesterday. We've got James, we've got Tilman, and we've got Andrew. Good morning, gentlemen.
>> What's up?
>> How are you? Okay, so we've got this uh we we've got this positive streak to talk about here. Not the best uh image here, but here we go. Bitcoin's 8day positive streak, a cautious optimism for 2025. This article is so bad that they got the year wrong.
>> Oops.
>> Uh it's 2026, I think. uh you know, can be confusing, I guess. But the the point being here, like I said, this only happened 15 times in history with Bitcoin. Uh this kind of blasted through a key resistance, although I think we're testing back at around 74,000 right now. And I think it's also very interesting to talk about how this is happening in context of other markets considering there's been some weakness, I think, across the board with the war and Bitcoin has shown strength. James, maybe I'll let you take the first shot at this one.
Yeah, I mean the prices since the crisis have been incredibly encouraging up sort of 15 16% at one point. Um does it continue is a big question. I'm I'm hearing on the in the trading team that there's been a bit of a a short flush out and that's you know a short squeeze and we're at the end of that and maybe there's what we're seeing now is a little bit of a correction after that. So the rally doesn't have legs to it. That's the kind of the question I think a lot of people are asking at the moment. I think there's plenty of reasons to be quite bullish at the moment. Um, you know, we hit RSI about a month and a half ago of 16. So, really oversold. We hit various 200 day moving averages. Fund flows have turned a big corner. You know, we saw what I think it was $4 billion of outflows over five weeks. The last three weeks now, actually, we're on the fourth week now. We've seen $3 billion of inflows. So, nearly corrected all that outflow. So that's so those institutional investors are starting to bottom fish. So that's incredibly encouraging. Um but you know, could we test the the lows again? Um possibly. I don't think we'll go below them. Um we still got a couple of negative things floating around and that's things like whales. So we're starting to look at whale flows quite a lot. So that's anyone over 10,000 Bitcoin. And what we've seen is 37 billion dollars of outflows in from Wales since um October. And there doesn't seem to be a huge letup in that either. It see they seem to continue. And like if you're looking if you believe in the four-ear cycle thing then another couple of months or another month or two of selling is is quite likely which is going to put downward pressure on the price.
>> Yeah, it's put downward pressure already. And if we've held above 60, I mean, I did see some, you know, uh, data that showed that that did abate a bit in the 60s and that there was more buying from larger wallets, maybe not as large as 10,000 wallets, but, uh, that there was a pretty significant buying floor in the 60s to 70s and that we'd seen some of the selling pressure, you know, reduced. I mean, I think we all know the story that above 100 these guys were selling like there was no tomorrow, right? And continued to sell down. But uh it does seem I kind of like your take which aligns with a lot that I've heard which is the bottom is in but we may be in this bottoming process for the next six months.
>> Yeah, we just sideways trade for a while. I mean if you think about some of the metrics that I think will establish themselves more concretely in the coming few years looking sort of you know longer term it is things like monetary policy action and with the onset of inflation you know we we know we all know like we look at the petrol pump prices and they're really high inflation is coming next month we got FOMC tomorrow they're going to be probably talking a lot about inflation so the prospects for any rate cuts are pretty low now. So any kind of support from monetary policy action would probably be sadly missing at the moment.
>> Yeah. But then if you're if you can't get rake cutouts, you just go to war stimulate.
>> Too easy.
>> Tid Andrew.
I would agree wholeheartedly with what James said. Um, you know, I think a headline that caught my attention, Tyler and Cameron sold $130 million worth of Bitcoin. There are a I I've been getting calls OTC big whale type activity um regarding sells. So I do think there's still some pretty big selling pressure uh from the whales on Bitcoin which is going to you know if it stops all at once with serious buying pressure will you know immediately go up. But if it continues and they they continue to lean on it um which they have the ability to do. I mean, they have a ton of supply. Um, then, you know, I I think James is spot on. I think we'll pretty much trend sideways. I think something of note um that's happened here recently is uh the tokenization of other commodities um and the access that it's given people to. For example, oil trading. Um I saw that it went on hyperlquid. oil trading went from a launch of zero to 21 million in volume to this weekend in a 24-h hour period 1.3 billion in volume of of trades. So, you know, you look at these trends of like the real world assets, the tokenization of those um and what what is that going to do to Bitcoin? Well, it puts more money in our economy. So it's a natural inflationary um you know pressure if you will in terms of the price going up the the but it also is another competition like at the end of the day if you have tokenized Bitcoin and tokenized oil and one of them surging 50 70% um like oil has been it's going to attract a lot of attention. It's going to pull a lot of liquidity out of the other tokenized markets. And so I just think we're I mean we're at the bleeding edge of massive massive adoption of the most disruptive technology financially that we've ever seen in our lifetime for sure.
>> Well, speaking of disruption, uh Scott, I know you've been doing podcast for a long time. Does your wife not know to stay off screen uh in the background there? Does that mean no not to
>> That's somebody who's setting up plates in the restaurant that
>> Okay, my bad. Since I saw the black hair, I I
>> Not my wife. Um, what's interesting about this time period with with Bitcoin, you know, kind of a a rounding bottom, two things. One, you know, again, as these cycles go, we're we're we're in a rounding bottom and sentiment is in the in the trash bin, but we're at the top of the previous cycle. So, that that seems to always happen. Um, and then secondarily, the amount of building and construction and new architecture being built around Bitcoin and around crypto everywhere. It seems to me like Mastercard is coming out with a new announcement or a new acquisition or a new something literally every day. Um, they just bought a big uh stable coin, you know, stable coin company that I've never even heard of. Um, it sounds like a code that you would put into your computer when you're trying to do 2FA like M MKVH something or something. Um, and they paid $1.8 billion for it. That's not a small amount, guys. Uh, that's a meaningful amount for a company I've never heard of. So, you know, whether it's Mastercard, whether it's somebody, uh, there there there is just constant ongoing activity underneath the top of the surface of the water where everybody's chattering and and and arguing with each other. Underneath it all, these companies are scooping up the ability to do business uh in a nextgen type of way across stable coins and everything else. By the way, I also find it interesting that Bitcoin in the crypto space doesn't respond to um old school negativity really anymore. Like Ray Dallio has come out and been negative and I think Ducken Miller came out and was negative about crypto looking for a a problem, you know, a solution for a problem. Like that that didn't move the needle at all to the downside. like everybody's oh need headline but prices didn't went the other way. Um, so so you know, kind of crossed the Rubicon there uh because in the places where it matters people are building rails and highways to use this stuff in a meaningful way with big big big big dollars.
>> Val Bottom Val Bottom ticked that one hard.
>> Yes. just on his comments and and nothing surprising that guy still owns it, but that was one of those uh incredible bottom signals in hindsight at least temporarily. James, I can tell you jump in.
>> Yeah.
>> So I think when Yeah. I was just saying like on real world assets I think and Bitcoin is included in this point as well that you know Trump loves to do things on a Saturday morning when markets aren't trading whether it's announcing tariffs on China or whatever. you know, and obviously the Iran conflict was the same thing. And literally the only thing you can trade is is on crypto rails and you know, earlier in the year, I do think there's this bunch on cryptos is this bunch of meme investors. It doesn't actually matter what asset it is. You know, we saw 1.2 billion in a day in uh gold and platinum and copper on hyperlquid. So you know I think people can use this and they can express their their concerns about geopolitics very quick and instantly whereas you can't you know we had to wait two days before we saw any price movement in gold or or oil or anything really other than so I think what's really interesting happening this year suddenly crypto rails are finding uh their feet and people did articulate that in Bitcoin um when the when the crisis is broke and it's really starting to establish itself as a crisis resilient asset. I mean it's really outperformed gold as well which I find incredibly interesting. And then like if I think more about hype and other assets and real world assets this year there's a much bigger theme. I think that political support from the stable coin, Genius Acts and now the Clarity Act, I think is green lit for lots of banks like Mastercard and others to just really start rolling out infrastructure. But then the big question becomes who is going to really benefit from this? Is it just Salana? Maybe a little bit Tron on the stable coin network um and h um and Ethereum. Sorry mate I said just Ethereum not just Salana but um I think maybe Ethereum is going to benefit from the most for this. We've not seen this re reflected in prices yet but
>> well Ethereum did go up 10% yesterday. It's down again today but uh for some reason there was a little Ethereum bump. I don't think that's what it is though to your point.
>> Yeah, I think this is a longer term theme I'm I'm kind of considering here and I've been espousing this few quite a few years and I've been wrong on Ethereum so far. But I like to think a lot of the rails people are gonna choose Ethereum over anything else. Um, I mean, it's interesting Black Rockck Bidd you know, they're they have gone for a sort of multi-platform thing but JP Morgan has gone for base which is obviously on Ethereum there too. Um, and I don't know about Mastercard who they've what platforms really they're choosing yet but um uh yeah
>> there's the news that you mentioned before. Yeah, the black uh the stable coin infrastructure company BBNK for up to 1.8 billion. These companies just come out of nowhere. Andrew, you're right. I mean, it's pretty wild. Yeah. And
>> by the way, they were competing with Coinbase for this for this acquisition. So, Coinbase versus Mastercard for this acquisition. So, it's not like, you know, somebody's like, "Hey, let's do an acquisition today. That company looks neat. Click. Let's do that." And what set of rails that could they have that have that is not on
>> understand like isn't aren't the rails just Ethereum like what are we
>> that's what my point is like what are they acquiring if it's not a customer base I would love to know the nitty-gritty of that acquisition that's crazy
>> if uh Coinbase or Mastercard are listening this show is up for sale I will take less than one footage billion but interestingly you know you were kind of mentioning there James, the Clarity Act and the Genius Act. We actually have Cityroup downgrading. Okay, for whatever that's worth, but Cityroup cuts Bitcoin Ethereum price forecast as US crypto legislation stalls basically saying if we don't get clarity act, there's no reason to have as high of targets. I wholeheartedly disagree with that. But, uh, you know, I think that everyone's over it at this point.
>> A sellside research firm coming up with a forecast at the like, you know, changing forecasts at the worst point where the market's most bearish. It's just classic salesside research, right?
>> Um, but I kind of get it. You know, the Clarity Act was hijacked by the Senate Banking Committee. They suddenly realized that actually stable coins with a yield massively threaten their business. Um, and so it has been hijacked. But is this the end of it with Clarity Act? No way. I think there's going to continue to be pressure um for stable coins uh to offer yield in in some form uh in and so and it will continue I think to nip at the hills of the banking sector. say yeah maybe the banking the banking sector has won uh in on this round but I think it's the tide is going against them in that respect something else will come up and it will benefit so perhap I do feel like from city maybe that's a bit of a knee-jerk reaction to to that that piece of legislature and maybe I think in a year there'll be something else you know, don't forget yeah, the Senate banking the the banking lobbying group is very powerful, but I think so is actually the uh crypto community becoming increasingly powerful from a loving perspective. So there's no way this is the end of it. That's for sure.
>> Yeah, I mean I I couldn't agree more. I don't think it's the end of it because I don't think you can legislate something that is global. Um, you know, you can't you can't legislate blockchain technology. It's here to stay, including what we would call stable coins. Anything that has par value with another currency, that's a needed part of the economy, it has to exist. And so the the question is is how long can they delay the acceptance of it or the adoption of it so that they can get their own position secured in the new economy. That's that's all this is. It's just a a slow tact slow down tactic. You know, people do what is in their best interest economically 99% of the time and this is in their best interest to slow it down.
>> And how long are we going to have a SC, you know, we talk about hype and hyper, you know, hyperlquid having so much onchain activity and volumes, you know, 1.2 billion, 1.3 billion dollars a day, that's onethird of the London stock exchange volumes. How long before we're talking? It's it's the whole um the whole
>> they they will crush those markets um until they choose not to in my opinion. This is just my opinion
>> or or until those markets choose to go 24/7 365 because as James I think aptly pushed the big news always happens on a weekend now especially with this administration. So, you know, if the hot ball of money is just flowing around on Saturday and Sunday and you can't trade it anywhere else, Hyperlquid and Crypto Rails are going to continue to win, period, just because people even want the option to to trade,
>> but they're allowing the game to be played. They they could crush it financially whenever they want. And here's my point. I mean, pump.fund was doing 18 billion in 24 hours on stupid meme coins and, you know, Trumpcoin and the like money. There's a lot of money out there, you know, that that is, you know, when you're talking about seven trillion dollars sitting on the sidelines, that's who we're talking about. They don't move in the 1.2 billion. And it was interesting you said, James, that copper, tokenized copper, tokenized, you listed a couple commodities there, and they all had the same pump number of volume about a 1.2 to 1.6. So, it's still the funny money. It's still the play money that's out there that's being consolidated because you're right, it's the only market that's open.
>> My feed on cryp on on X is the same people that were trading memecoins were then talking about altcoins. We're then talking about silver who are now trading oil publicly. It's like the same crypto Twitter traders. James said that before. I mean, it's the same people. They just found something with more volatility. when they choose to use this as a hedging mechanism to their realworld assets th this market will be here when they choose to you know start hedging their profits when oil has blowoff tops and they are sitting on you know x number of barrels sitting in storage and you're talking about the biggest you know producers in the world if they can put enough liquidity to hedge their real world position into tokenized uh oil that that will absolutely draw the real money in.
>> But here's an interesting stat. We've been looking at volumes a lot. If you look at stable coin volumes, Circle alone is doing more volume on a monthly basis than Visa and Mastercard put together. You know, that's huge. And if you look at the stable coin volumes, if you were to look at it, it's not quite the same, but if you looked at equity exchanges, it would be if you aggregate all the stable coin volumes and decentralized finance volumes, they are like the six largest. they would be the sixth largest equity exchange in the world. So, it's it's becoming massive without I think a lot of people realizing. I still like the other day I went to a traditional finance conference and someone laughed at me for being in crypto. It's been a while that I've had that happen to me and I thought those gay days were gone, but it's still not. There's still a lot of people out there. There's a lot of naysayers.
>> Well, there's just an air of superiority. They don't they don't acknowledge markets until they choose to acknowledge them. Right.
>> Which which continues to baffle me, right? because those people are so connected not just at the hip but at every joint to Black Rockck Products because all their clients are are in Black Rockck products in spades. You know, they're the king of of ETFs. And again, every single week there's somebody in an executive role at Black Rockck talking about crypto, talking about a new product. Yeah. They they they announced and put out their ETH staking, you know, product ETF. um it was on the front page of their website for several days. I mean, you know, so people that are of that mindset are so far behind um that it's sad really um I mean, they're really really behind of what's happening and what's what's what's going to happen um and how quickly it's going to happen. So again, when I'm reminded about volumes at Circle and Hyperliquid and and you know, also traditional crypto exchanges, it just makes me think that at some point there's going to be a very meaningful sort of M&A process um that happens between Tradfy and crypto. I I think that's coming over the next 24 months. Um because volumes are very very compelling uh to people looking to make additional money in the space where they had a hard they've had a hard time making any money for the past 15 years. And then on top of that you have sizable amounts of actual customers people uh that are behind all of that that have capital to invest. Um, so I mean listen, we you know at Ars public we have all sorts of customers that have meaningful amounts of money that they're using with our products on crypto exchanges. That money by the way is not at Morgan Stanley is not at UBS is not at Meil Lynch right so at some point that number gets big enough where you go from defcon five to four to three to two okay we got to do something about this because money's leaving and it's not coming back. So what do we do? How do we
>> I mean speaking of money coming in, Josh Frank last week pointed out that VC funds were raising at quite a serious clip right now in crypto again which is kind of quietly happening behind the scenes and I I saw this story come up that uh 18 projects collectively raised 220 million just last week right so there are VCs there are VCs deploying it raising capital but then also you know being forced whether they want to or not they have to deploy that capital so there is even now a lot of money flowing back into the more VC early seed side of of crypto as well. I mean, James, do you guys track that at all?
>> No, I mean, I'm really quite out of the loop in terms of VCs. Um, just because well, we're at the ETF side, so the this almost like the secondary market really. So, quite the other opposite end of it. Um, I've looked in the past. I have been actually I'm surprised by that number because I've heard the VCs have just completely left the market. So, it's really interesting. there must be very recent that this this news of VC
>> yeah it's in the last two weeks there were a couple bigger raises and then they're actually starting to deploy so you know those were kind of eight pretty largely hyped projects but still 220 million is not a drop in the bucket in a week
>> because I remember in the peak of VC the big headlines would be a billion dollars goes in in a month or something right and that's kind of tracking that if that was consistent
>> well there's a lot of relationships I have in that space and um they're all raising money internally right now for the crypto divisions of their company and placement of capital like all of them are are uh putting their war chest together because they see that the M&A space in especially as it pertains to um you know trans rails uh new networks that they can tap into. I think it's a opportunity that like you said it's being kind of forced down their throat. They don't have they don't have an option. They have to at least be prudent about their um you know their R&D in in in in the subject. They have to be prudent about hiring a division that goes out and tries to make it happen or sees what's the um you know SWAT analysis to their customer base from an implementation perspective. But it if you aren't doing any of those things right now, you you're look to be as negligent. Um, and I I I will say something that you said earlier that uh I believe is like the there's a lot of money to be made right now as it pertains to real world assets and um onchain data and you know there's kind of two sides of the equation that I look at. One is the existing infrastructure, the trady infrastructure and and tokenizing those assets. You know, the oracles if you will are the existing market makers. they have all the data and they will be the validators if you will for those tokenized assets uh the central exchanges. The DeFi side of it though, you can become one through becoming an oracle. And I think that space and DeFi um commodity trading and DeFi hedging and arbitrage, all of those things, I think we are on the most bleeding edge of that space. Uh and I think it's starting to get real attention. And I think Hyperlid's a big part of that. But I also think there's many other contributors that are starting. I think it's amazingly how quickly you can organically grow. I'm involved with a company called Tow Labs. They're a vault creator and they've managed to raise nearly 100 million in a year just organically. It's incredible. So, if you come up with good strategies, people are choosing to uh to invest in them on on platforms that are nothing to do with traditional exchanges. Um, and so yeah, I think it's a fascinating space and there's so much innovation that can be done as well. Like, you know, if someone told me you get 15% yield on something, I would immediately be alarmed and think, well, this is default territory, particularly if it was a government bond or even just an ordinary corporate bond. But I think 15% yield is a completely different set of risk metrics in in the crypto world because of the way you can manage risks so quickly. Um and um I think you know there's various rehypothecation or looping strategies as they like to call them and I think it's a fascinating growth area and where we're going to see a lot of kind of uh uh sort of it's to me it's one of the primary aside from stable coin rails this is the primary kind of interest and threat actually to the traditional investment industry in the next
>> in the next few years. Well, it's a threat, but it's also I mean, if if you look at the way they make money in that those markets, this is just an expansion of their territory that they get to play in. Uh, you know, arbitrage bots, I I think a lot of people they're misunderstood and I think they control the entire market. I everything the everything. And you can see that when there's a break in the arbitrage loop like there was in silver where China restricted outputs and you immediately saw it exposed the arbitrage loop and what I mean by that is like if I have a DeFi market right that is trading tokenized oil and it's trading that tokenized oil obviously not it's trying to mimic par value of oil price but it can't right because it's not oil it's the tokenized version of oil, it's a much smaller liquidity pool that supports the price. And so if there's a if that price starts to deviate and spread from the real price of oil, arbitrage bots buy and sell both sides to create the equilibrium again. And and it's just printing money. There is no risk. It's just watch it work. And so the the market makers of the traditional side of things are now getting to play in a lot of different sandboxes that have depth of liquidity of like this. Putting a billion dollars to work sounds like a lot of money to us, but I mean when you're talking about
>> Citadel, I mean come on. I mean it's like
>> the CCC settles for quadrillion a year. Like
>> exactly. Uh, I mean this is like a this is just an expansion of their their their potential sandbox.
>> James, I know we're right at the end of your time here. So, any other anything we missed that you were dying to talk about?
>> Only thing we're looking at, we're just finishing a report on this is Bitcoin mining and the pain in that space and we've just been looking at so we are one of the biggest investors in Bitcoin mining companies globally at the moment. Um and we have access to all the management uh and we're looking at all the balance sheets a lot and just based on company forecasts or company announcements at the moment 30% of revenues derived from AI in the bit listed Bitcoin miner space by the end of this year that will be 70% of revenue from from AI.
>> Yeah, I was going to literally ask you what do you mean by Bitcoin miners? I thought they were called AI data centers.
>> Yeah, that's quickly happening, right? I mean, it's not quite the case technically yet from a revenue perspective, but it will be by the end of this year. Loads of people asking this question. I think the end of the mega scale data center is over and we're going to start to see um much more like Marathon's doing really interesting things where they're putting like a seven megawatt containerized solution on the side of a town to load balance. You know, it's those kind of things. And I think we're going to see much more of that kind of thing where hunting out cheap energy sources rather than competing with AI for rack space which is what's happening in Texas. There'll always in Texas there'll always be a need to load balance, but I think yeah, a lot of these mega scale data centers are perfect for AI and that's a big kind of theme we're thinking about and it comes at a time when the hash price of miners is on the floor at $30 per petash per day and that's brutal for the miners. So, I'm not surprised so many of them are walking down this down this AI road, so to speak.
>> Yeah, I agree. James, well, thank you for joining. It's always a pleasure to have you here. Uh, and we'll do it again soon. I'm going to keep these guys on for about five more minutes and then we're going to go.
>> Thank you.
>> All right, guys. I know tell me you were dying to talk mining. I got to go in about five minutes. So, yeah.
>> Well, I just was going to echo. I think mining space is going to have a tremendous amount of change here in the near future. I I think the endg game will be a national security issue of having a proofof work network that can secure uh data. Um and I think that at the the end of that rainbow is taking it from a centralized effort or a more centralized effort than ever before where you've got these publicly traded companies dealing in hundreds of millions of dollars in purchase orders. I think we're going to see household electronics and pretty much everything that draws power um be able to be programmed to use power went to load balance essentially. And I think that will become a narrative that people start to jump on here soon.
>> Yeah. Anytime I hear about AI data centers, I just think of the show Silicon Valley. And anytime they'd go into those centers, they couldn't find anybody. And just they need to reboot that show for the current version technology and Bitcoin and all sorts of stuff, you know.
>> He was Bitcoin mining. He was Bitcoin mining in the garage, wasn't he? The one guy. Yeah. No, he was Bitcoin mining at his desk and when it would go above a certain price, it go right below a certain price and it kept doing it back and forth and Gil looking at him says, "Bitcoin is volatile." Yeah, it is. It is volatile.
>> Um,
>> well, let's talk about taking advantage of that volatility because we got a couple more minutes left.
>> See that segue I just built for you guys? That was genius.
>> Thank you. Perfect. There has been uh first things first uh we are doing um a huge promotion at Arch Public. So, if you've ever considered uh joining our concierge program, it is in your financial best interest uh in terms of the cost to get in touch with us, get on the phone with us, get on a demo with us and talk about it. We again, we rarely do this. There's a couple reasons why we rarely do it. We don't need to because we don't have meaningful competitors in the space. So, we don't necessarily have to discount a product that is a oneofone uh in the crypto space. And then of course the other work that we do in traditional uh markets. Um and then two uh the service and communication and the overall experience in our concierge program is so high level um that people will gladly pay uh our our our normal prices but we're offering it at a discount now. Uh what do you get in the concierge program? You get access to all of our tools. You get access to your your own individualized concier program team that is available to you at all times setup ongoing service constant communication. Scott can speak to this because he's gone through this as he's you know loaded up his processes and theories and strategies inside of Arch Public. The level to which our teams will go to make sure that you're completely dialed in and anytime you have a question is beyond anything else in crypto. We're very comfortable saying that it's very hard to get somebody on the phone that's a human in crypto. It's very easy for that to happen at Arch Public.
>> Our development team and our customer service team are solely focused on making user experience better. So, every iteration of the software at every iteration, we're going to be launching an app here very soon. Um, where you're going to be able to have even easier access to the tools. Uh, so yeah, the customer service side of what we do is our pride and joy because we've been on the other side of that where you can't get anyone to help you. Um, and it doesn't feel good. So, uh, trying trying to bring our elevation of what we think our the industry should represent to the world to the world. Uh, so test us on that. I put out a tweet earlier this week said, um, if you don't believe me, use our product for free. We offer it for free. You can come to our site. You can press get started. You can reach out to our team member. They'll spend an exorbitant amount of time with you. In fact, I know one person that I talked to recently at a conference and he came up and thanked me profusely. He said, "I am not somebody who spends enough to justify the concier side of things. I'm in your free division." And um Daniel, shout out to you. Spent 10 hours getting him set up. So, uh, you know, there is no links. We're very passionate. It's not it's not a bunch of uh lip service. We really like
>> quickly. Yeah. Quickly, just to address people in the comments were asking if it's self custody and then complaining it's on an exchange. Just to be clear, you can't buy and sell crypto uh without being on an exchange like like this. So, you buy it I'm not I'm being serious, you deploy your strategy and then move it to self- custody.
>> There you go.
>> But but Arch Public does not custody your assets. You buy it on an exchange and then like any Bitcoin you purchase anywhere or whatever assets, you can move it to self- custody. And we
>> hear them responding in the comments,
>> right? We we you get to choose your exchange. We work with I don't know five or six at this point. Coinbase, Kraken, Gemini, Robin Hood, uh coming out.
>> OKX.
>> All of those are sterling examples of exchanges and they they're trusted as far as we're concerned. But we will be have we will have DeFi automation here in the near future. So you can trade on your cold storage wallet if you want like that. That to me wouldn't be the way I would do it. Why? Well, because exchanges are very valuable for tax information. You just press print and then you hand it to your CPA. Whereas if you're doing the DeFi space, like good luck on that. That's a interesting uh that would be pretty interesting to try to keep track of in large quantities. So uh yeah, we're we're here to help. We're here to give you our best advice, but none of it is financial advice. We are software developers and we can get you to where you can master this software and then you can make it an extension of your will. That's the whole point here is for you to uh have an extension of your expectations, your desires, your goals. So, a lot of people will say like, I just want to buy more Bitcoin over the next year. Well, what is your goal? what what do you and we just try try to keep you accountable to actually writing down exactly what you're trying to achieve because if you can write it down then you can program it and then you achieve what you want to achieve uh through automation and without the emotional roller coasters and the time commitment that would it would take otherwise
>> and it's you know what we offer to people you know algorithmic automation agentic type stuff we're on the cutting edge of it you need to, you know, spend some time with us. And I say you need because this is going to become ubiquitous across all markets because all markets are going to 247 functionality.
>> Correct.
>> So you you are going to have to figure out how are you going to navigate that? How are you going to navigate moves in the markets when it's not just crypto that moves at 2:30 in the morning and you're you're asleep. that there's going to be moves in markets that happen when you're asleep everywhere. And so, you're going to have to have to Tilman's point, you're going to have to have an agent or agents that are acting out your will 24/7, not just 9:30 to 4 every day. Um, so yeah.
>> Yeah, what they said. So, check out the uh Yeah, sorry. Last thing I'll add, when you put limit orders on, and you do this within the exchange itself, all of those orders are now on the order book, and everyone in the world can see them. When you program your strategies algorithmically, they're stored locally and/or in the cloud off the exchange until the market triggers what you've said to look for. Then the order is sent to the order book. There's a significant advantage if you understand market. So um lot lots to be lots to go into there but we don't have time now.
>> archbub.com everybody and this is the time to check it out. Obviously if they're running the promotion this is the moment uh to do it. So please check that out. Uh we have got to run Tilman and Andrew. Thank you. I will be back tomorrow morning.
>> Have fun in Costa Rica.
>> Thank you sir. Bye. That's dope. That's dope.