Transcription
Good morning everybody. It is Monday. It's DCA time. We have Marty, of course, Marty Party, and we have a new, a new addition to the crew, Jacob. Thanks for joining us.
Hi. Yes, good to be here. Excited to be here. Everybody knows Marty. I know my community knows you, Jacob. But you want to spend a second introducing yourself to everybody?
Yeah. So I, I've worked with James for the long-time viewer of James and then I've worked for James for the last six months or so. Um, and love charts, love TA, love trading, and, um, yeah, excited to be here.
Good. Another trader like Marty and myself. Trader is the way out. So let's get into the story today. Uh, but first of all, Marty, how are you doing? Axe Capital is looking strong.
Yeah. Yeah. No, I'm excellent. Had a great weekend. Um, yeah, we had a nice move over the weekend. Um, old coins especially. Um, lots of stuff happening, man. Uh, behind the scenes, a lot of adoption happening. I'm pretty optimistic. Um, I think that we're going to go into a strong Q4, really strong Q4 crypto. I think, uh, uh, between Jerome Powell dropping rates potentially, I would say right after this meeting, I think, um, after this meeting where they're probably going to pause, um, I think they're going to start dropping rates with Trump pressure and then, um, into, you know, quantitative easing, I think we're going to see quite a run in crypto towards the end of the year. So I think everybody's setting up for that. So, I'm excited just to get my setups right and to make sure everybody in the retail world, you know, gets their fair share and doesn't get left out. A lot of bearish, a lot of bearish ramblings and, you know, I'm always here just to squash those.
But it's true though, Marty, because there's so many tailwinds that I see and we'll cover some of them today. So, the second half is normally very strong for crypto, especially at this stage in the cycle. But there is some news which is kind of interesting. And welcome again, Jacob. Thanks for joining us. Forget the agenda. This came out. I made a video on this last week that the four-year cycle is dead. And all of a sudden, Bitwise CIO Matt Hogan, I know you know him, Marty, too, says the four-year cycle crypto cycle is dead, citing weaker halving impact and stronger long-term focuses like ETF growth, institutional adoption, which is treasuries, and post-genesis act investment. He expects 2026 and the coming years to deliver strong performance driven by more by a sustained and steady boom than a one-off super cycle. Yesterday, in a video, I covered how much the ETFs have purchased and how much MicroStrategy has purchased alone. Just those two players, and they've bought basically over the last year and a half. The US ETFs have bought, get this, the next 40 years of Bitcoin production. That's how hard this thing is in a year and a half. And then Sailor has bought, I think, more than pretty much all that can be minted in the year in this cycle as well. So I'll go to you, Marty, first. Do you believe this?
Yeah. You know, I've always been a proponent of the end of the four-year cycle. Um, I believe it's completely disintegrated. I think that the whole, you know, notoriously crypto holders were paper-handed. They were traders. They were in and out. You know, they looked at the cycle for as a guide. And I think, uh, with the announcement of treasury companies and specifically the regulation in the US, the holders of Bitcoin are just completely different. They, they have 20-year holding strategies. A lot of them legally can't sell Bitcoin for 20 years. If you look at Senator Lummis' SB legislation, it's legally unable to be sold for 20 years. And people need to understand what a treasury is. Some trade, you're able legally to touch it. So I think that we have a completely different holder of the underlying asset and, um, the, the result in the markets will be obviously smaller pullbacks, uh, shorter bear markets, and, you know, the ever-increasing logarithmic, um, super cycle, I like to call it, where, you know, Bitcoin will slowly over time capture and suck all the liquidity, um, from fiat. And who knows where the ultimate, I keep telling people, you don't know the actual figures, right? We don't know the top. Why? We don't know what, uh, how much money the world is going to print. We don't know how much money is coming in from, it's global liquidity. But ultimately, I think that the holders are different. Um, they're not trading Bitcoin anymore. They're holding it as a treasury. And thus, the cycle is dead. You know, the minor impact is different. Um, I just think that, um, Matt, I give him props for stepping up and making the statement and putting a little bit of credibility behind my own theory that the four-year cycle is dead.
Well, well, before we go to Jacob, there's an interesting point here from Nova. I hope I said that right. And that is at the end of every cycle, everybody always says the same thing. It's like super cycle from 2017, 2018, and then we had 2022. But this time is a little bit different, I believe. And I'll tell you why before we go to Jacob. Uh, it's treasuries. It's treasuries. 35 companies have bought over a hundred billion dollars in Bitcoin. Okay? That's over a thousand Bitcoin each on, you know, at the very bare minimum. And we're adding at least one or two every couple of days, if not every single day. And that's what's crazy. All right. It only takes $50 million a day approximately to buy the Bitcoin supply, but there's way more treasury money coming in. So, we're looking at a classic case of supply meets demand. Jacob, what do you think?
Yeah, I think that's a great question. I'm, I'm maybe going to challenge the other side of things to say, you know, I don't know if the traditional four-year cycle is still in play, but I, I agree with your sentiment to say, you know, everyone at the end of the cycle, this, this time's different, this time's different. And, um, I feel like from a risk-reward perspective, that you might, we might have to, um, assume that the, that this cycle is the same. But I do believe that the pullbacks are going to be less sharp as they have been before, and we've even seen that in this cycle already. Um, I think the moves upwards are less explosive. I mean, they've still been impressive, but less explosive. Pullbacks have been less sharp, and I do think we're going to have a nice rally here into the end of the year like Marty Party said. Um, but overall, I, I think I do think that we will get some kind of pullback. Um, there always is, and, and I will be planning for that.
Yeah, exactly. And, and it's always good as well to take a little bit off the top too, and we'll talk more about that in a minute as well. But let's look at this. Okay, the stress test. Uh, Marty and Jacob, you all heard what Novogratz did. He just took 80,000 Bitcoin, dumped it on the market. No TWAP, no OTC, no nothing. This is the biggest dump of Bitcoin ever in the history. And last time that happened, it was Luna, and that took the market down and triggered the bear market. This time, not a blip. Uh, from Joe Consorti here, that was it. This, this, the amount of liquidity to be able to absorb that type of dumpage was quite astounding. Marty, to you first. What, what did you think?
Yeah, I mean, as a friend of Mike, I, I think he did a really good job here, and he's kind of moving Galaxy into the role of sort of intermediary between, uh, you know, large, um, holders of Bitcoin that want to sell without too much market impact, and that's very much needed in the industry. So, I applaud him for doing this in such a, in the way he did it. Remember, I followed this from the start. I was actually on a plane over the ocean when the first, um, when the 8 to 10,000 wallets, um, got, I got alerted on my computer, and I started following this, traced them back to their origin, you know, validated everything, all the theories, and then watched it play by play as they shuffled the 10,000s into 20,000s and marshaled them off, um, between all the centralized exchanges that bought them. But they, they sold a lot of Bitcoin. Um, Binance, Coinbase, OKX, BitThumb, um, Upbit, um, some existing Bitcoin whales, some treasury companies. It was a fire sale. They, they literally sold out all 80,000 over the course of a few weeks. I think it was about two weeks. And Bitcoin's price went down, guys, what, 4,800 and recovered almost back to all-time highs. So, it's, I think the greatest stress test of Bitcoin in history. Um, if this doesn't change people's minds about this market, I don't know what will. And that's where I stand right now. It's very hard to convince people. You can present them with all the facts in the world. Bears are bears. They don't understand the technology. They don't understand the strategy, and there's nothing you can do. If they're not convinced after 80,000 Bitcoin was sold on the open market that, yeah, the buyer walls, the buying pressure from reserve treasury companies is right below the price right now. If you look at the order, it's right below the price. I don't know what'll ever convince them.
There's an interesting twist that I don't see anybody talking about regarding this 80,000 Bitcoin. Uh, there used to be back in 2011, a company called mybitcoin.com, and they went down for a week, and then they disclosed a week later, oh yeah, we've been hacked. We lost 80,000 Bitcoin. This is the Bitcoin according to the CryptoCoin CEO, Kiongju, that moved. So it was stolen Bitcoin or hacked Bitcoin or an inside job that was moved. Did you, anybody hear about that?
There's been extensive papers. There's been so many theses written about this 80,000 Bitcoin. I don't even want to go there. I've seen from the conspiratorial side where it's the Solomon Brothers and Mike Novogratz used to work for Goldman Sachs. He had an inside deal with the Solomon Brothers who went liquidated, had all this Bitcoin, found the keys. I've heard the whole conspiracy side, and all the way to the more, you know, verified side where I went and dug deep on these wallets and found them to be original Genesis mined, which is actually called Coinbase. I don't know if anyone knows. All the audience out there, you want to learn something. When you mine the original Bitcoin, the Genesis mine of Bitcoin was called Coinbase. Actually, on the Bitcoin transaction, it's written Coinbase. So these are most of these were original Coinbase Bitcoin from the first mine. So they are ancient mined coin from the Satoshi era. There's, I don't think there's anything to say other than somebody mined these for 58 cents and sold them for $100,000, and you got to stop sell shaming. That is a terrific trade, whoever that was. Congratulations. Move on, people.
Yeah. Sell shame all the time. Brian, Brian Armstrong is still the main Coinbase. That's hilarious. Exactly, Brian. And, and now you know why. Because it is a good name. It's the genesis block of Bitcoin. Go ahead.
Yeah. And I would say, I, I did hear something about the MyBitcoin thing. And, and to be honest with you, regardless of where the Bitcoin is coming from, I agree with Marty. It's just, it's a huge stress test to show that, I mean, we were at 120. We, we just rallied 20, 25% in a few weeks. To then dump 80,000 Bitcoin into, hold in the pattern that we are now, right around 16, 116, 18K is a huge testament to, to where Bitcoin has come and, and the buy pressure that is, that is still there.
Yeah, exactly. Very big point. Now, we have another piece of breaking news that could be a massive tailwind. The question is, will it happen or will it be another nothing burger? This is the big SBR announcement that's happening on Wednesday. Trump White House will release a report on how they can stack Bitcoin for the SBR. And Lutnik says they will also be talking about other tokens but treated positively but differently. I have no idea what that means. Any, any theories, Jacob, from you on these two little pieces of news? Because I, if literally, if the US does what they say they were going to do when they first announced this with David Sacks, and that is get to a million Bitcoin, which means buy another 800,000 Bitcoin, we're going straight to half a million dollars of Bitcoin. That's it. That's the story. Is that possible?
Yeah. Well, I, I suppose it depends on how quickly they can raise the money. And I know, I know potentially mentioned that, um, if they were to use tariff income to start buying Bitcoin, I mean, that would be, that would be huge. Um, part, part of me, part of me wants the opium and to believe that yes, some, some big news is going to come. But last time we had that White House summit thing, it just ended up being a nothing burger. And so I want the opium. I want, I want to see something good happen. And, and, and regardless, I do think there is going to be good news for crypto and that, um, something about a strategic reserve will come.
Yeah. Yeah. Marty, I know you track this like a hawk. What's, what does your gut tell you?
I, I have way bigger theories than that. Um, I think that we're seeing a complete monetary transition in a global monetary system. You know, I track the 80-year cycle. I'm a big believer in every 80 years there is a new financial system. And if you go back, you know, I can support it with evidence. Um, in 1862, Lincoln issued the first greenbacks, which were the first debt-free interest-free US dollars, $450 million of them. And then Kennedy in 1963 tried to issue another $4.3 billion. He was killed, but that was bypassing the Federal Reserve Bank. So that was in, in 1862 was the introduction of what we now call, you know, the US dollar. 80 years after that, if you add 80 years to 1862, you get to 1942. 1944 was Bretton Woods, July 1st. That was the second cycle where they introduced the notion of, we all know the monetary system we use today, fiat dollar reserve currency, um, fractional reserve system, euro dollar, petrodollar. What's 80 years on top of 1944? Any geniuses? 2024. We are moving to the next 80-year cycle, and Bitcoin plays the pivotal role. The US government has has has decided and decreed, hide everybody, that they need to, and the narrative is clear. We're moving the debt, the fiat debt into hard money through Bitcoin. That's what's happening. And we're liquidifying it into stablecoins. And to me, it's a no-brainer. So, I think they're going to announce the SPR and they're going to announce a very aggressive buying, um, agenda, and, and we'll see how it plays out. But that's my theory.
And, and we're seeing that as well because of all the front-running. I honestly believe those that were in that inner kind of White House loop know something is coming and it's going to be quite big. But let's talk about another tailwind, and then we get into a couple of charts. China M2 is soaring. This is pretty outrageous. Uh, I know we've all been looking at global money supply. We're obsessed with it. We know it tracks Bitcoin 80 to 85, 90% depending on exactly the time of the market, etc. But this is an acceleration of money printing. China's M1 now is twice as large as the US's M1, which is also hitting new all-time highs. I think China's M1 is, um, $8 trillion, and it accounts for 33% of the G10 total M1 positioning China as the number one driver of global liquidity. Now, there is another chart that we can look at too. I think I have it here. This one, the global M2 has a way to cook. I do believe we'll follow. Now, I also believe at this stage, M2 is not slowing down. So, what happens if it continues? Jacob, do you have anything?
Yeah, I think the the perpetual bull cycle, I mean, that, that could, could certainly happen. And I think, um, money's got to go somewhere, and people's appetite for risk, especially, I, I think in my generation, you, I'm 26, and people are finding it harder and harder to make ends meet. And so to find outlets where they can invest and to put money is something everyone is thinking about. And so I think in general, risk appetite has gone up, and, and that money will have to go somewhere.
Yeah. Marty, money, Wyckoff, global M2.
Yeah, I mean, we all know, um, I'm a big proponent that Bitcoin, specifically Bitcoin, but crypto in general, major L1 tokens track global liquidity. As I said before, I think it's a sponge. Um, all global printed money is either going into gold or Bitcoin. It's going into hard money. That's the new system, and it'll continue to move up while they print money. I mean, guys, you got to, if, if you do some very basic, I mean, you can look at my high time frame chart. It's pretty obvious. You can track it. That's with the 84-day lag. So, um, we lag just behind M2. If you track M2, you'll see we're literally tracing it. Give it, you know, obviously the small moves are all about liquidating longs on a high time frame like that. You can see it's almost completely tracing. So when will that stop? Well, it doesn't stop till that red line stops. And that red line doesn't seem to be stopping. Um, but at the end of the day, you know, you've got to understand that, you know, when they, when they created fiat, they didn't have an exit plan. They didn't have an exit plan for printing money. Okay? And if you look at the debt of the US, it's $37 trillion. If you remove fraudulent debt, which is around $2 trillion, if you remove the debt between the government agencies, remember the Fed lends to the Treasury, the Treasury lends to the government. So, the government actually owes the Fed. So, that's a cycle, a closed loop system. And if you remove that $6.8 and $4.5 trillion, you come to around $22 trillion in debt. What's the money supply of the US, James? $22 trillion. Money is debt. Okay, people have to start to get their head around that. Money is debt. And we are seeing a debt into hard money transition. And that's what we're seeing on the high time frame. We are basically sucking in the liquidity into gold and Bitcoin. This is not your normal Bitcoin. This is not Silk Road. This is not fun and games. This is being used as a liquidity sponge. This is where they will hold the value.
Yeah. And there's a lot of people calling for crazy targets, not just the Bitwise and the VanEck at the 200Ks and the Tom Lees, the 250Ks. But last week, we had City Bank come out. City Bank, conservative US bank, say Bitcoin's going to $200,000 by the end of the year. That's just insane. Like a near doubling for a big conservative bank to come out and say that. I found that very profound. Jacob, does that take you back?
Yeah, for sure. I mean, that, that would put Bitcoin at what, over $6 trillion market cap, 67. And so, I mean, that, that would be, that's, that's alarming, but also in a way, I wonder if it's, it's starting, the, the normies, retail, not not retail, but the normies starting to FOMO in and say, oh, this Bitcoin thing might be something. We see that with City Bank, which is really interesting.
Well, I mean, misunderstand, Jacob, the normies don't have any money. Um, we're actually in a recession. We just haven't been narrated that we're in a recession. We've been in a recession since 2020. We haven't had new money, new issuance into the retail world since 2020, since the last print. So they purposely have been doing this. There's no coincidence Jerome Powell wants lower rates. There's no coincidence Jerome Powell is being stubborn about printing money. This is the accumulation strategy before they inject new liquidity into retail. And, and that, that's just the reality of it. People have never had high credit card debt. Um, we've never had a higher debt to GDP ratio. There is no liquidity. Liquidity has been circling around in crypto for four years. Okay? When new money comes in, they will run television commercials for crypto. It's going to be the greatest bull run you've ever seen, and the institutions and the sovereigns will have already stacked their bags. And that's what this is all about. So, in my opinion, the retail will come. They haven't come yet because they haven't got money. They don't, they literally can't even pay their bills. They're working three jobs to survive. The wage gap is ridiculous right now. So, I think wait for rate cuts to come down and QE, and you'll see retail come.
Yeah, it's, it's funny because then, you know, the, the tailwinds are just insane this time around. I can't even believe it. Not just the treasuries, but you got people like Ray Dalio, who is a legend in the space. He ran the number one hedge fund on the planet for 20 years straight. Okay? That's an extremely hard thing to do. He says, stick 15% of your money in hard assets like Bitcoin or gold. For him to get out and just wag the finger, that's pretty big. But let's go back to Marty's chart here. Uh, I want to talk, your take, Jacob, on how high we could go. Marty says target remains 125K.
I guess that's in a very, I'm, my chart's just, it's a sequence. The next, the next target is 125, short consolidation, then 140, then we'll get to a Wyckoff reaccumulation, I believe. You can see there, which is, you know, one of those, you know, we had a 300-day Wyckoff reaccumulation last time, so that could take us a little while to get through. But we'll, we'll follow global liquidity up there at the top, eventually hitting around 160,000, I believe, by, you know, end of the year or early Q1 next year. So that makes you bearish compared to City Bank and Tom Lee? No, continues after basic. Okay, this is where I am right now. I haven't shown the distribution, which will be the top. I think the top is around 250,000, where there'll be a short-lived bear market.
Yeah. So, like, what does your chart say, Jacob? Because I know you have some good things to show here.
Mhm. I, I can remove this, but I'm very interested in how high we could go because the price predictions in short order, like a lot of people saying 200K, 250K by the end of the year, that's only 20 weeks away. Can we pop that high in that window of time?
Yeah, I, sounds, sounds aggressive to me, to be honest. Um, looking at the Bitcoin chart here, one of the models. So, as, as I, as mentioned before, I, I work closely with James. A lot of the models that I'll be showing off today are from, uh, James' team and the devs there. You know, one of the, the, the big indicators that I really love to, to look at is what we call Lilo, or Layer In Layer Out. And it gives us, it, it's really nailed the last two or three months or so about where our support and resistance levels can be. And it also starts to project out where we could go. So we can see if I zoom in here, currently we, uh, have found support right on this level six of the Lilo. And then generally speaking, um, layers nine and 10 are more of your, um, your further out price targets, potentially your blow-off top price targets. And so either way, I think our first stop, similar to Marty's chart, is 127,000 up here at this level seven. Then afterwards, I think we could, we could see some kind of, I think we're getting the accumulation right now. Actually, we're starting to consolidate here. Um, I think if we can pop these highs right here around 120, very quickly we can move into 127, maybe we have a short accumulation. But it really depends on how euphoric this, um, this move ends up being. I'm kind of, if we're going to see a sustained cycle, in my opinion, we're, we're going to need to have those consolidation periods, and we cannot just go go go 10% every single day for a week or two because that usually leads to a sharp sell-off. Too many people are in profit, and the selling starts happening. But at least according to to this Lilo, I mean, we could get up as high as 181K. There's 175K tracks with global M2 if history repeats. But the crazy thing though, and Marty, the global M2 continues to go up. So normally global M2 explodes, just like you mentioned, for four to six months, and then it consolidates. It stops. But right now we're seeing it continue to rise. Marty, how, how long more can global M2 continue to go up? Would China just keep on printing like mad?
Yeah, I mean, they're leveraging the future. They, they're borrowing from the future to spend today. So it's all about, just remember the way money is created. Politicians say, this is the life that I will get you if you vote for me. Well, they got to pay for that. And so to pay for that, they issue bonds. Um, and they, the banks lend money into existence. So these politicians in this western world just keep promising more and more. Right now, we're going to move. Trump just said we're going to move manufacturing back to the US. Do you realize how much money that costs to build manufacturing in the US? China is in the biggest real estate crash of all time. They're so underwater, it's ridiculous. Plus, all of their manufacturing is now, you know, dead because it's getting moved to India or here, home to the US. So, they're going to have to issue money. This is a perpetual machine. There is no plan. Okay? It's going, they're going to continue to print money and debase, and they need something to debase into. They debased into gold before. This time they're going to debase, I believe, into crypto, into Bitcoin. So one Bitcoin will be one Bitcoin, but one Bitcoin will be worth a lot of money. Everything will move to a Bitcoin standard, and that's how they'll debase. In my opinion, that's going to happen.
Yeah. And the crazy money doesn't stop. Yeah. Doesn't stop. And one of the most exciting things for me is, uh, pristine collateral, and a lot of banks now will give you money to borrow against your Bitcoin. I'm not sure which will be the best player, but we also have other news too. We know the Marathon's raising a billion dollars to buy Bitcoin, and they mine 700 Bitcoin a month, but the hash rate is now in Zettahashes, all-time high hash rate. Nearly there, hash in Zettahash. Yeah. Which is so many zeros. I don't know, 16 zeros or something like that, if I remember. It's a lot. So, uh, that's that's kind of insane. And then we have other crazy news too. And I, I always, I always wonder about this one. I know it's exciting, but PayPal now has just enabled all of their merchants to spend in Bitcoin and crypto. Do you think people will actually use their crypto balances to buy stuff, Jacob?
No. No, I don't think so. I don't think I, I think I, you have the, the, the Bitcoin maxis and, and the crypto nerds, if you will, um, that will not spend their crypto. Why would I pay for things? Maybe maybe in stablecoin. And then the other side, nobody, people don't know about crypto. And so, um, I mean, it's becoming more and more mainstream, but, you know, I have a, I have a brother-in-law that I'm kind of starting to get him into this, and he's 20, and, you know, just using Phantom Wallet and using using Coinbase and using these things. He has, he has no idea about about any of this. So, I think it's cool. I think it's great, and it's a good step in the right direction. Um, will, will adoption be there is is another question because again, I, I, I mean, I would never buy anything for Bitcoin right now.
So, mad, I mean, obviously, if you, I could talk about this for an hour. Um, I've been living on crypto entirely for over two years now. I've not had a bank account. So, so you were in, you were in Australia. Did you spend crypto to fund your trip there? Travel to Taipei, Hong Kong, Sydney, crypto use everywhere. You can use crypto wherever you want, and the US is just behind. Um, I think there'll be several stages. Look, I know PayPal very well. Uh, this is great, but they're still fighting for their lives. Um, all intermediaries between your value, your production, and the merchant for goods and services are renting intermediaries. Blockchain is invented. So you don't need any intermediaries between your value, self-custodial value, and the goods and services you need. So they're, they're technically not required. Technically, you don't need anything between your money and buying the things you need. So when we look at it like that, the, the ultimate goal will be direct native crypto acceptance by all merchants. And you can do that already. A merchant can just have a crypto wallet. They can put a QR code up, like you can go with your Phantom wallet, click it, send it, instantly settles on a fast L1, done. Stablecoin, Solana, Sui, any fast L1. But there'll be stages of adoption. Now, this PayPal move, I applaud them because they're going to help get the word out, but ultimately, I think the Visa, Mastercard services, which are prepaid cards with stablecoin, will probably be the first large, um, sort of intermediary that comes in to get adoption, and that basically means the merchants don't have to change anything. They're already accepting Visa, Mastercard. They don't care what backs the card. And, you know, I've been using a stable card for two years now. So I just simply go on my Phantom wallet, send some USDC or USDT to the wallet of the card, and go and spend it anywhere in the world. They don't know, they don't care. They're accepting Visa, Mastercard. So this PayPal move is basically a competitive move to try and compete with that. Okay. Um, for their PayPal merchants, ultimately, you don't need any of these intermediaries. Remember, there's around 5 to 7% overhead between the merchant and the user in order to accept money right now. And that's coming down. This PayPal move will bring it down around 2% down. Native crypto adoption is absolutely free. Nobody pays a cent. It's all absorbed by the network. So, I think we're just going through a sort of, you know, a, a slow integration. Um, and here in the US, the narration for five years has been crypto bad. You know, thanks to choke point, we're, we're really behind. But in the rest of the world, everything is really running on crypto.
Yeah, this is a great point as well, which is adjacent to what we're talking about from Absolute here. Thank you for this because I remember, uh, I went to Meta Headquarters, which is Facebook back then, and everywhere you looked, you could even go into the bathroom and go to a urinal, it'll say, we are mobile first, we are mobile first company. They were obsessed. This is 2012, and they said, we need to make sure everything that we do is mobile first. But there's been a crazy lag between empowering people. So the question here is brilliant. PayPal was my gateway to my first crypto purchase six years ago. Don't underestimate the ease, ease of having it already on phones. This is so true. People's mobile device should be their wallet for everything with very tight security down to the silicon on the actual device itself. And now we have the Sifchain phone coming too. So, um, I, I'm sure Jacob, you're a mobile native. Your life is on your little device.
True. Yeah. Yeah. I, I mean, I agree with this, this statement. Everything has to be on on a phone, and, and not that this is crypto, but, you know, Tesla has has taken that too, where your keys, it's your phone. Everything is going to go to your phone. Security will be on your phone, and, and that's the way the world is going.
But Marty, any takes on the merging, the another convergence of mobile devices and crypto? How, how big is it, and how late are we? Should, should we be where we were supposed to be six, 10 years ago, or why is this taking so long?
Yeah, I mean, the duopoly in the US has been pretty strong. I mean, you can talk to Anatoly from Solana about this. I mean, his entire mission is to try and break that duopoly between Apple and Google for the mobile networks in the USA. But then you also have Elon Musk building an alternative internet, right? What's his agenda? I, and he's now enabled all cell phone carriers in the US to attach to to Starlink. I just did it with my phone. I'm on AT&T on my iPhone. You can go outside, push, there's a new feature, connect to Starlink, and you can send a test message. So, that's the future. I think, uh, everything's moving to the mobile phone. I've been using the Saga phone now for two years. It's my bank. Okay? I get in Solana, I pay people in Solana, and I fund my my Visa Mastercards with stablecoin on Solana. Takes one second, and your card is is funded. You can go use your card. It's already happening. We're just behind in the USA. We're going to catch up real fast. I think everything will go mobile. Now, the problem is that Apple is is way behind the iPhone. In fact, I'm kind of short Apple in the medium term because of that. I think their apprehension and their resistance to to adopt the digital rail has put them behind at the hardware level because I mean, for a crypto phone, you need two circuit boards. You need two entirely different pieces of the phone. You need the hardware ledger, which needs to be separate from the cellular network and the Wi-Fi network and the phone part. And so on the Safeswap phone, the Solana phones, they built them in two pieces. So they have a hardware ledger with biometric consent for your transactions. Um, that's a ledger. It's a hardware wallet. Then they have the phone, which is an Android phone for doing your phoning and stuff like that. And when you need to consent for a transaction, you use the one ledger part and use your thumbprint. And when you use the phone, use the other print. Now, Apple only has one circuit board. They've never had any plans to do a dual dual circuit board. They have no real intention to do a circuit board. So, they're behind already. Okay? And who, you know, who knows this? China. If you go to China, I just came from the from Asia. There are crypto phones everywhere. Okay? People are already on crypto phones with a digital one. So, we're just behind, guys. I know it's hard to understand, but the US is behind and they're going to catch up fast. And it starts with the Sifchain phone. I think the Sifchain phone marketing in the US from Solana is going to be mind-blowing. I think they're going to run a television ad.
Yeah. And the question comes in right now. Is it worth it to order the Sifchain phone? I did order the Saga phone way back, and it came with over $2,000 worth of stuff on it. So, it was like it was a no-brainer. I'd imagine there will be airdrops galore, NFTs galore coming with the new Sifchain phone. That'll be well worth the money. The price is also, if I recall, it's under $500 bucks. I know that's a lot of money. Yeah, but the story, I paid $600 on my Saga phone with all the airdrops over the years. That phone is worth over $100,000. Wow. Because Bonk, Bonk alone, but you get a lot of airdrops. Okay? You get every, it's, it's a very, very, the Genesis token holders are extremely high-level airdrop recipients because, um, they're OG. So the new Sifchain phone, I'm sure, is going to have its own strategy. You're going to see a lot of airdrops to the Sifchain phone. You're going to see a lot of partnerships with the Sifchain phone. I think these, this is just a whole new way of thinking about it. And you're going crypto on a mobile is the future. There's no doubt about it.
Do you remember when there were bank tellers, Jacob? Do you remember bank tellers?
Yes.
You remember going to the bank and having a bank teller?
Yes.
You bought your money and they give you cash. Okay? Well, now there's ATM machines, right? There's ATM machines. ATM machines replace bank tellers. It doesn't matter who you are. You go to an ATM machine. They don't even have bank tellers anymore. It's redundant. It's disappeared. The shareholders wrote it off. They make more money on the shares. Don't need bank tellers. The same exact metaphor applies to crypto. Blockchain will replace cash. The phone will replace everything. The bank, everything. If you don't believe in it, just think of that analogy and same analogy going forward. If you could queue up, if you could queue up a Bitcoin dominance chart, Jacob, we need to look at that. A lot of people thinking it's falling off. But before we go, I want to talk about this because this is driving half of all the Bitcoin buys so far over the last five years. It's, uh, pretty, pretty nuts. MicroStrategy came out with their latest product called STRC, for Stretch, which is basically a money market replacement. And they originally had planned to sell $500 million. It was oversubscribed at $2.52 billion, which is over a 5X oversubscription. And they did not buy this week because they're still pulling in the money from this. But they will be doing a smash buy. Over two and a half billion dollars worth of Bitcoin this week. Mark my words, that is just insane. What do you think of these infinite money glitches, Jacob? Drive you wild.
Yeah, I, I mean, I think H for to be honest with you, MicroStrategy has always made me a little bit nervous. Now, so far it's been great and then it continues to deliver, um, and it works until, until it doesn't. But, but so far, I mean, if, and I know conversations of of taking over the bond markets and, and having these, you know, they have the 8% yields and the 10% annual yields now. Why would anyone hold anything in bonds ever? Um, and, and then of course, assuming we only get a, a, a 15, maybe 20% p, a smaller, a less severe bear market, then, then this, this will never end. And, and James, can you explain to the audience exactly what all of these offerings are and who the intended audience are? Because I watch the YouTube one and I find it fascinating. People don't understand this, and I think maybe you can explain it like each one is a specialized product for a specialized market.
Correct. They're pref, they're basically preferred stocks. Think of an easy way to think of them is like a dividend stock, but you get paid out a return on what you buy. And so imagine a share is $100. It'll give you either 8% or 10% per year. But the problem we have is there's a huge amount of money. Has nearly $8 trillion on the sidelines in money market funds. There's debt markets worth over $300 trillion. This is what he's going after. Now, the reason there's so much debt, the debt markets are nearly three times the size of the equity markets. People forget that. But the reason is there's many corporations that actually have to buy what they call treasuries. They're not allowed to buy equities with the excess cash they have. Think insurance companies. Insurance companies take in cash and sit on it for a long time to build a fund to pay out claims. Okay? They, they can't yolo into hedge funds or Tesla stock or Nvidia or something. They need to buy treasuries that pay them a solid return. The, the company that started buying this, these products first, I can't remember. I think it was Stark or Stride was first, maybe. I think one of those was first was a company called AXA, big insurance company, and then Allianz, the big insurance companies in Europe that get paid very little on their treasuries, they yolo into this stuff like there's no tomorrow, and there's infinite demand. You know, $500 billion issuance for the biggest ICO so far or the IPO so far of 2025 is STRC, $2.5 billion dollars raised in a few days. So that, that, that's the market. And a lot of people think, well, it's not really for me, or some people think, wow, this is great. Instead of having money in my bank or in a money market, I can buy one of these products and hold it. Now, there is also a lot of variance on the upside. So we saw things like STRK, I can't remember, it fell down to 87, 88, 86, then it went up to 112. So you, you can actually trade these things and still get your dividend too. But remember, if the price is 112 and you're getting 8% return, you're actually getting less best return on an ROI basis of the cost of your share. But if you buy it at $86 and you're getting 10%, you get a lot more than 10%. So there's a little, it is not not trivial, but there's a massive market for it. And that's what he has hacked into and basically sells these products and buys Bitcoin. People don't understand that the specifically here in the US with the regulatory regime, there's certain, I mean, people must understand each one of these products, each one of these stocks is catered to a certain client. Okay? There's income-focused funds, hedge funds, retail investors. There's companies like insurance companies that can't deal with volatility, they need coupon-based stock or dividend-based stock with attractive yields, low volatility. Each one of these things is based on Bitcoin, but is a product catered to each one of those organizational structures. So he's going after fixed income, money markets, uh, low volatility like insurance and retirement funds. He's going for retail investors. He's going for dividend-requiring investors. He, he's literally making a product for any type of investor in the institutional world. And, yeah, you know, he's never, he doesn't, he communicates it in his speeches, but a lot of people get very confused as to why there's so many different versions of it. And that's why. And, you know, I, I was the first one into MicroStrategy, guaranteed of anybody on the internet in 2020. Uh, it's my third ever video is about MicroStrategy trade, and people still are confused by it. But the simple way to think about it is he's taking in fiat, buying Bitcoin with it, and Bitcoin is going to go up over time. In fact, I think if MicroStrategy did not exist, the Bitcoin price would probably be around $50, $60,000. Fact. So, he is pumping all of our bags, and he's going to continue to do so and only going to continue to accelerate as much as he can.
Bitcoin dominance, Jacob, what do we see? A lot of people are worried that this is alt season, big time, and alts have done very well over the past month, especially Ethereum. It's been mind-blowing for such a big asset, and shout out to Tom Lee, who's pumping the hell out of that thing. Doesn't get off the TV. Yeah, it's crazy. Yeah.
Bitcoin dominance, totally. I mean, just falling off a cliff completely here. Um, one of the, another one of the indicators, you kind of think of it similar to, uh, CTO's Larson Line. James, feel free to jump in if you have any comments on Optimized Trend. Um, but Optimized Trend essentially telling us when it's blue, we're in an uptrend, and when it's orange, we're in a downtrend. And the thicker the line, the, um, stronger that trend direction is. And so you can see here, I mean, we've completely just fallen off a cliff here, which is interesting because Bitcoin continues to move. It's not that it's not that Bitcoin is necessarily consolidating or going down, and then we're moving into an alt season. It's, it's Bitcoin and alts are, are, are moving together. And this is interesting, too. Even if you were to throw a 200-day moving average onto here, I mean, completely falling through, perfect rejection right off the 200-day. And I think we will just continue to see this, uh, drop lower. And then one more interesting chart too that, um, one of IIA apologists, shout out to him, has pointed out to me is, um, the USDT dominance. Is that we have this big base forming down here. Essentially, how much, uh, stablecoin are people holding? And so if this were to fall out from the bottom, I think we could see see a huge, huge rally, um, in alts. And then, and then just one more quick thing too. I think ETH for people that are concerned about a, um, about an alt run here. ETH is working on breaking out of its, this is a monthly chart now. ETH wanting to break out of this overhead resistance.
Here. And if we can pop above that, I mean, I think it's just going to pull all alts with it along. And so a few things I'm looking at.
Yeah, Tom, I I'd like to hear from Marty on these charts, too. Tom Lee said he believes Ethereum could get to 15K by the end of the year. All right. The crypto market cap right now is nearly $4 trillion. My one of my goals predictions for this year would CMC would hit 5 trillion. I was hoping for that. We're only a trillion dollars away, which means we just make need to make a 25% move and then we hit five trillion and that floats all boats. But Marty Tom Lee says 15K by year end for Ethereum and then 40K after that. How insane is that or is it logical? I think it's ridiculous.
Um, yeah, I mean, it's just it's just a shell. But at the end of the day, I mean, Bitcoin dominance drops, but it drops around 4%. It did that in December. It did that now. I don't think it's a very significant drop from 65 to 61. That's what it does. It's probably going to work its way back up now. Ethereum just got pummeled in the beginning of the year. It's only recovered to where it should be. Um, Ethereum should be between 10 and 12% dominance. That's where everyone predicted it would be, but it dropped significantly lower to around 7.5% dominance um towards June, April, May, June of this year. And it's only just recovered back to where it should be. So in my opinion, Ethereum is where it should be.
The and and this whole cycle to me is has also changed in that we all know how my my my opinion on how Binance controls the market. You know, look at Binance coin, it's now 3.03% dominance, which usually signals a start of another move. Think B when Binance starts to pump inflate their own coin is when you start to see the next large incoming move. Usually it goes BMBB gains dominance, Bitcoin drops dominance and then you see everything else pick up. And we're right there right now. BMBB had a huge pump over the weekend. It's a 3.03% dominance. Ethereum's at 12. Bitcoin drop to 61. I think we're going to see Bitcoin start tracking up. Um, this is just a cycle. I believe Tether prints money. It goes into uh Bitcoin. It goes into into B&B. Goes into the alts. It's all about Tether. Tether are the ones running the show in my opinion. Tether and circle. And uh, you know, I monitor this very closely. I don't see anything changing right now. I see a perpetual cycle of printing money, printing Tether, printing USDC, and Bitcoin going up. And Ethereum will go up unfortunately, but I don't see it having a massive account run. There's no there's not there's no technical merit. They haven't delivered anything. What's changed? Nothing. Fundamentally, nothing's changed with Ethereum. Still got 14 transactions a second. So, what's going on? Um, whilst other networks are are delivering new things every day. So I don't I don't understand the justification other than the fact that Tom Lee has made Ethereum bags and he's married to them. There we go. It's it's I believe in following the money and looking at the value creation of assets or stocks or whatever else. Salana has just beaten doubled the revenue, okay, of Ethereum and all its L2s for the 18th straight week. I mean, it's bonkers. And remember, Solana charges like 110,000th of the money per transaction than ETH does, okay? But it makes it up in volume. Over a 100 million transactions pretty much every day. It's absolutely insane. So the question is when will cream float to the top? Every metric you look at and people say, "Oh, well transactions or maybe there's bots or whatever." It doesn't matter. Just look at the money. The money the chain makes is a reflection of how much activity is on the chain. Uh, Tron is number two and Tron is number two making 10 million because of Tether. Tron does all the Tether action and so far this year Salonage has minted over $20 billion in circle as well.
So, um, Jacob, does money matter? Yeah, I I think you know, I think a lot of people always struggle with the idea, you know, why hasn't Salana run yet and and just being a user of Salana. I mean, it it just far surpasses anything and it it is so easy to use and and to onboard people and it's so easy. Um, but I I think it it comes down to the narrative like like like what we were just talking about with Tom Lee. I mean, until continued money flow and institutional money comes in and the narrative around Salana is there, I think that you know, despite unfortunately, I think despite the metrics, um, it it will probably lag ETH as long as as long as Tom Lee is is is is pushing his things and other people are are pushing for ETH, then I think Tommy and Tom Lee is a marketing genius. He said he said uh, I think his words were stable coins are the chat GBT moment for crypto and Ethereum is right in the center of it without even ignoring Tron. I mean, if if you if you believe that, you buy Tron. Tron is the chain that does all the tether action. Marty, this is bonkers. What do you think? I mean, it's you know, I don't really delve in narratives and what people say. Words are cheap. I look at verification, blockchain data and you know, verifiable facts. Well, you also said narrative makes price. But but Marty, you say narrative makes price. No, no. Price makes narrative. Price makes narrative. People will have a hundred reasons why. Okay. The price is moving. Now you got to look at who moves the price. Look at the number one validator for Salana. It just became Binance. Binance is now the number one validator of Salana, the number one validator of SUI. Binance has slowly been accumulating Salana. They have a strategy. They're also running the latest version 2.3.5. Nobody else is. So it goes Binance, Helio, Figment, Galaxy, Ledger. Then Coinbase has now dropped to number seven. Binance is on a mission. They're they're buying up this network because they believe in it. They created an accumulation. They kept the price. It ran to 300. They were like, uhuh, not right now. We're going to sell it to Treasury companies. We want to become the number one validator. And now they've successfully done this. This was next last week, they became the number one validator. So, I think those days are over. Um, there's a massive release schedule on Salona. It's going to blow minds. Uh, and it's just it's just a question of time when, not if, when. I think we'll go to $500. And in answer to Jacob, uh, you had a point, when is the money coming? So, we've seen the Tradfire money, massive Tradfire money come into Ethereum. Blew my mind. In a month. Five billion dollars year-to-date, $7.79 billion into Ethereum. A huge amount of action. Nearly a quarter of all the money that's ever gone into Ethereum funds happened this year. And 5 billion of that, nearly a sixth of it happened just in the past month, which is insane. But watch number two. We had 311.5 million come into Salana. And much of that, they only have one. There's a couple of ETPs around the world, but Sweden and Germany and stuff, Switzerland, but they're all very small. Um, but this one is really gaining traction right now. The SSK one from Rex Osprey, but there's eight more about to be approved. So, this shows you that the money is beginning to come. Now, there's two things that are interesting for me. One, it's a much smaller asset. Salana is a quarter of the market cap of ETH. And second, 67% of all ETH is staked, whereas 29% of 67% of all Salana is staked. 29% of all ETH estate. So when you have money flowing in, it's trying to chase much fewer tokens that are available for sale. So this this could once the other ETFs come and once tradi all it needs is a Tom Leike person who has the ear of Tradfi to say this is it. This does way more than Ethereum does 10x more. It has 20x more users. All that type of stuff. Tradfi will understand that. So that that is kind of an answer to your question. The money is coming but not yet. And that's why I believe the second half this year will be great.
Marty, do you believe there is such a person that can have the Tom Lee type effect on really talking to what is the number one chain that does 70% 80% of all transactions on the internet? Yeah, I mean, we just got the news today. I'm a big believer in Kathy Wood. Kathy Wood and Arc Invest just just partnered with Soul Strategies as their official validator. I believe Kathy Woods is coming in um as with Arc Invest as a as a proponent of Salana. Obviously, we got Leah Wald. I'm a big fan of. She's a proponent of Salana. We have Defi Development Corporation, another treasury rapidly expanding their treasury. We've got Upexi buying Salana for their treasury. We've got at least five Salana Treasury companies that are buying like mad. But your point, James, was very accurate. Just understand there's only two cryptos that Wall Street can currently invest in in a regulatory spot ETF and that's Bitcoin and Ethereum. So, you know, they've gone pretty much all in on Bitcoin and they've slowly started to trickle into Ethereum. But wait until there's eight Salana ETFs. Okay. Yeah. Staking yield producing ETFs where which pay dividends. Okay. It's a game changer. Wait until they're SU ETFs. Wait till they understand that these are volume based assets. It's about how much volume they move. Okay. Ethereum. I'd like to ask Tony Lee, does he actually use Ethereum? Has he ever seen somebody? I guarantee you the answer is no. I tried to use Etheum the other week. I gave up after 10 minutes. It's brutal. It's not a block. I don't know what it is. It's a kind of a It's kind of a trying to be a store of value, but a move to proof of stake. It's not a good execution layer. So, it's kind of floating in the middle. Some days it goes, "Oh, maybe we can be an execution layer. Oh, maybe we can be a store of value." Well, it's proof of stake. So, it's it's stuck in the middle. I don't know what's going I don't know where Ethereum I know that Coinbase and their base network are really pushing it, right? And that's that's the big narrative as far as I'm concerned. The big narrative is Bass. What is Bass's agenda? What is their strategy? Are they going to use Ethereum for their rollups until regulatory clearance and then make a base token in their own chain? That's the big question. Is Coinbase I think I think they can spin up their own layer one. There we go. Then what happens to Ethereum? Yeah. Then Ethereum it dies overnight. It dies overnight because B is all the action. That's exactly what decentralization James the whole point of this whole thing is to eliminate single points of failure. Yep. Coinbase is a single point of failure for Ethereum right now. You can't say that about Bitcoin. You could say strategy, but if you look at the wallets of Bitcoin, 70% of Bitcoin is still held by random people around the world. Even on this entire bare market accumulation from choke point at the top of the 2020 cycle, which was created by the government, in my opinion, to try and get rid of Bitcoin and was accumulated back up by institutions. Literally right at the bottom was the Black Rockck ETF approval. You think that's a coincidence? No. So when you look at it like that, understand that 70% of Bitcoin is still held by people in the street like you and me. Institutions couldn't accumulate more than 30%. All of that even when they dropped to 16,000. So at the end of the day, that's that to me is is the answer. Ethereum has a single point of failure and that's Coinbase. Bitcoin doesn't. Bitcoin is proof of work. is the store of value. The rich have accepted it as a bank vault. Ethereum, I don't know what it's for. I literally do not know. I think it's the only thing that has an ETF outside of Bitcoin. So, institutional investors are putting money in it because Tomley's pumping and shilling it like they're going to go to the moon. On what fundamentals? You know, if you're going to pump something, give me some fundamentals. Show me some usage. Show me a use case. I don't interfer cross payment settlements will be done with stable coin. Okay. What's Ethereum's role? I don't know. So there you go guys. That's my opinion.
Yeah, it's funny. Let me try and share this if I can. Um, share screen. Give me one second. This is funny. I shared this last night and I was just looking at some pair charts. This is Saul over XRP and you can see the perfect bottom. I'm sure Jacob, you see this as clear as day, but it shows you the violent moves. You know, the number of uh XRP per cell is like 50 now, but it's been as high as 380. And I said, if Logic ever returns to humanity and XRP stops trading at $12 million per user, daily active user, this will be the best pair trade ever, just for giggles. Sometimes I do stuff just for fun, but uh, I thought that was interesting. So let's that takes us to our next section and that is this lightning round. We have a lot more content to get through. We try to keep this to an hour. I want to thank you both for coming here. Details below wherever you're watching. Before you continue for the audience, I want you all to look at painchainspec.app. It's a website that will show you the actual live usage of a blockchain. It covers all the blockchains. Go have a look at the performance of blockchains and you will understand what's going on. XRP runs at 30 transactions per second. Ask the same question of any XRP holder. Do you use it? Have you sent someone XRP before you invest? Just go and get the get the fundamentals. Go ahead. In fact, let's let's share that right now if I can. Um, because I I have been there before. Stop screen share and then present. I'm not good at this. Chainspect. Here we are. Fastest blockchains. Yeah. Is that popping up there? You want to walk us through through this a bit? Well, I mean, it's clear there. You can see there's your favorite coins and how many transactions per second they're actually doing. Nothing even comes close to Salana. Yeah. It's not even It's not even a competition. They're at 1,600. Look at Bass. Bass is a sequence, a centralized sequencer. It's not even a blockchain. And it can barely even get over 100. Okay? So, there's no users, guys, on anything else. No one's using it. If you look at the statistics of blockchains, 40% of transactions including Bitcoin and Ethereum and L2s is on Salana. No one else is using anything else. Okay? So, before you make your investments, just make sure you you stick to the fundamentals. Adoption, liquidity, team and and delivery. How much are they delivering? Is the code changing? How often do they update the versions of the validators? How many people are using it? How many treasury companies and DATs, digital asset treasuries have adopted it? That's all you look at. 2025 price is irrelevant. The dollar is more volatile than a memecoin. Okay? If you're looking at prices in dollars, the dollar is moving up and down like this every day. Look at the DXY. So, all assets are moving up and down like this. It's got nothing to do with the asset. It's got to do with the underlying dollar. So, in my opinion, look at Bitcoin versus gold. I've switched to Bitcoin versus gold versus Bitcoin versus dollar. Gold is a better price Bitcoin. That's my closing spiel.
Actually, I forgot I forgot to share one thing too. Uh, it's a big earnings week. We're going to touch on one quick question that is what are you trading now? What do you believe is your asymmetric setup? But we have a big earnings week too. PayPal is on there. We spoke about PayPal. Uh, a lot of big names, a lot of big banks, a lot of big tech, Micro Strategy, Meta, Microsoft, uh, some of some zombie companies as well. But, uh, back to our topic, final topic, lightning round again. We've got oodles of questions. Where was it? Yeah. On Tuesday, we've got PayPal, Visa, Spotify, Maro Holdings. That's an interesting one, James. Mara earnings on Tuesday. Then on Wednesday, I believe we got Meta, Microsoft, Robin Hood, ARM Holdings. Again, that's a super intelligence stock. I'm really interested in that one. Um, it's Ethereum 10 year anniversary on Wednesday. That should be interesting. We got a ton of macro this week. I mean, if I tell you. Then on Thursday, we got Apple, Amazon, Reddit, Micro Strategy, Coinbase, Riot. These are earnings this week, Friday, Exon Mobile, and Chevron. This is an extremely volatile week. I mean, for a trader, this is heaven. Um, we'll see where we are next week, Monday, because this is quite a week and we've got the 30th to see the Palm Sea. Exactly. And by the way, the two top miners in terms of how much they mine, Marathon number one, 713 Bitcoin a month and number two is CleanSpark, 685 Bitcoin a month, but they're both stacking Bitcoin, but Marathon is buying billions of Bitcoin. And they will soon have 55 58,000 Bitcoin as well in their bag. And they were trading parody to their Bitcoin bag. Forget all of their real estate, all of their rigs, everything else was trading at parodies, which is bonkers. So, some treasuries don't quite work. And I've been trying to calculate the latest cost to mine, but we could get an upside surprise. If they're mining 713 Bitcoin a month at say $60,000, they are making a fortune on their business. That's what's really interesting.
Anyway, best atric setup right now. Jacob, what are you looking at? What charts are you looking at? Trades you looking at? What do you like to play? I know you and I are in a lot of Tesla and a lot of crypto and a lot of pers. Yeah, for me it it's going to be I think Salana even for the long term. I think Salana still looks great. Especially if we can we just set a higher high I think at 193. Sorry, I'm sorry. Two something. Or do you want me to share I can share your screen too if you'd like? Yeah, exactly. Because I know Marty is in Salana too big time. So, let me see. One second. I got to remove this. So, it does look like it's on the way up. Let me know when that's going through. Oh, good. Oh, here we go. Yeah. So, it looks like it I mean, finally broke through our 200 day here. Set a higher high here. Maybe set a baby low and if we can just keep pushing. I really I really still think all eyes are on ETH. And if ETH can pop through, I think it's going to drag everything with it. So yes, for me e I mean um t sorry salana breaking through uh this this prior high continue to push higher. ETH all eyes on ETH trying to break through this 3900ish area and I think Tesla I mean Tesla holding its wedge or holding it pattern here. Let's see. That's the wedge I shared on Cyber Bulls. We're going to break through the upside. We did we did have that scare on the earnings call. People thought it was low energy and I did promise people we'd go from 300 to 330 in 3 days. So I have a few more hours left. We are $3 away from 330 and that's like these dips are perfect for buying. Um, and you see these you know how I buy the dips and I think they're fantastic. So I love when Tardi fumbles the bull because we can pick it up.
Marty, what what are your asymmetric bets right now? What are you looking at? And maybe I'm 100% convinced though any any asset that's been picked up by treasury company compan companies asymmetric hyperlquid has three uh treasury companies lion group a couple of others and now we've got sooie with two or three treasury companies a new one announced today I think that sui is an is probably your best bet asymmetrically right now salana sooie and hype I think those three along with a good deal of bitcoin in your as your own personal treasury is the way to go I believe 40% bitcoin you know 20 to 30% Salana, 20 to 30% sui and the remaining bet in all speculative assets. But that to me like hype that to me is is the portfolio going forward. Um, if the treasury companies are picking them especially these basket ones where they do a debt a digital asset treasury that is Bitcoin soul sui hype you're seeing that now it's validating what we're saying that that is the way to go. Why? Because those are the volume adopter chains. Those are the technologies that are going to change the world. Um, you know, I can't stress enough, don't follow the pack. Play the asymmetric. And this is actually and this is why the Bitcoin dominance is falling too because these things are so strong. Uh, hype like I I play what I know uh and what I use. So, hype is fascinating from a buyback perspective. Uh, drift is extremely undervalued for the money they make. Highly undervalued 100% and Jupiter and Jupiter. So I they're they're my three they're all perp taxes because I perp and uh I I like them uh for that reason because they make money and they've got huge adoption. One other one other one for the people to be aware of ika um it's an unbelievably incredible technology. It uses sooie as a sort of an MPC proxy so multi-processor computation. This is the new technology where you can interact with assets on different networks. So multi-chain without actually moving custody of the assets. So it marshals the transactions to the chains Bitcoin, Ethereum, Salana, whatever without actually changing custody. They have their TG coming up. Go ahead. One to look out for. We love that. But there is no it's the equivalent of Zeus on Sooie pretty much. It's uh, you know, multi-ain people bug me every time it's like okay Marty's on Monday Zeus is dead what's going on Marty what's what's going on with Zeus Zeus is far from dead they had 36 full-time coders that's actually more than the Ethereum Foundation Zeus is delivering more code and more product than anyone else in the industry right now they're they've built their infrastructure they're improving their infrastructure they're on level two they're going for level three which is near instantaneous um, you know, ZBTC C back to native Z BTC, but they're growing. They're they're unbelievable. The reason the price is down once again is because price is detached from fundamentals. Okay, price is run by markets and market participants that barely know anything about technology. Um, if you want to trade, Zeus is a great bag. It's it's outside is insane. It's right. Yeah, it's at the what we call the zombie level right now, which also could be construed as rock bottom because you can see here it's tapping on that bottom line. You can probably draw draw a horizontal line there, Jacob. You know what I'm looking at. All across the bottom, it is right there. So, it looks like there's no downside for sure on Zeus for those that certainly asymmetric. I mean, if this is going to zero versus upside, you know, I'll risk 15 cents for that. Yeah, I think Zeus and Inca are very good asymmetric trades um as infrastructure layers on the fastest chains and obviously the to the network tokens on the two chains Soul and Sooie and then um other than that I think Hyperlid is the is the dark horse. I think yeah just like James said and keep saying which I think is is very important making money the goal chains that are making revenue will win. Yeah, it doesn't have a lot of a lot of users hype, but the users trade large volumes of money. We're talking million-dollar trades. It's not like a retail play. We couldn't find IKA. Apparently, Piffen says it's on Gate.io. Could you not see it, Jacob? Hasn't TGED yet. That's what I'm saying. It's on the 30th, so two days time. Wednesday. Wednesday will be the initial the TG, the token generation event. It will go live to the public. You'll be able to buy it. Um, I think they're going live on many exchanges, but start learning about it. Eka.xyz, learn about NPC. This is the next technology in the crypto space, which is highly exciting because it eliminates all these centralized security bridges with multi-IG wallets. This is this is a cool question. We'll wrap up with this. I want to thank you both for being great today. This super conversation, but show me a use case that my grandpa or parents can actually complete in two seconds on crypto. Marty, um, I go on my I'm in the restaurant the other day. I go on my Salana phone. I send a,000 USDT to my to my credit card wallet. Um, I take out I go on my Apple Pay and I pay for dinner and I just paid for dinner with stable coin. But it requires some setup. No, use your credit card. Paying with crypto. There's your use case. Yeah. Well, that's what I think too is is is you know, Marty, I think we could do that, but can my can my dad do it and can my grandparents do it? And and I I think that's a great question. You know, what is the use case? I do think and and that's the thing even something like Apple Pay, you know, my parents don't use Apple Pay and so they're definitely not going to use crypto pay. However, I do think Yeah. Yeah. 100%. I mean, I agree. I mean, if there could be integration with Apple Plant, I think that'd be fantastic. Anybody that's asking, look, with with all due respect, anyone's asking a question in 2025 about whether your grandparents or parents will adopt something. I'm not really interested in the next 10 to 15 years, it's going to be the greatest transition of wealth in the history of the world. The baby boomers are dying. There's nothing they can do about it. Entrop is getting in the way. You do die. Doesn't matter how rich you are. and all those assets, companies, investments will all get moved to the millennials. And what are they going to do with the money? You got to ask that question to millennials, not grandparents. We don't care about grandparents. Okay? We care about millennials, Gen Z, and Gen X. What are they going to do with money? Do they accept crypto? Do they trust? When you wake up in the morning, what's the first thing you look at? Your phone. It tells you the time, the date, the price of Bitcoin. You look at it every day. You look at messages. You trust your computer and technology more than you do any human or any bank or any government. Technology is already the most trusted thing to the millennials, Gen Z and Gen X. We don't care about boomers. They will never trust technology. Move on from that question. Thank you.
Yeah. Uh, and one final one. People want some comments on SE. Uh, SE has literally is doing more transactions than Suie. I always look at Sooie and say in the same breath. Um, but they're not making as much money as Suie right now. Let me check out users. Yeah, definitely more transactions on say than Sooie as we speak. Any comments on that? Um, tell the audience Marty how you allocate to these puppies. I know you're mostly I mean in the early days um I allocated to all the Cosmos chains. Remember SE is just another Cosmos chain. So it's all built with Bman's uh Cosmos SDK. Remember Backman was together with Metallic and Charles Hutchkinson part of the Ethereum and original founding group. So they all have the same architecture. Um, but you know, I invested in Injective Tier say in the beginning but I sold them all and rolled them all into sooie because at the end of the day I'm an L1 guy. I don't believe in these uh these Cosmos type dependency chains where you know, they still require at some atom to do anything. It's like Ethereum and layer twos where you you always need some gas and it's always a pain in the ass. So just doing anything on say is just pain in the ass. Once you're on the say world, yes, it's extremely fast. Um, but remember their entire value proposition was to be a custom dedicated trading blockchain. Well, who went to market first with that value proposition? Hyperlid. I believe hyperlquid has taken away their users from potentially where say would have gone injected tier as well. So I believe hyperlquid killed the cosmos ecosystem in my opinion and we'll see we'll talk about that next year and see if I was right. Yep. Very interesting take. I want to thank you both. We've gone over the hour but it's been a great show. Very broad perspective. And one thing we didn't even cover was the tariff stuff, but the EU rolled over for the US on the negotiations, which was surprising to see, but it shows you uh how important it is, but that will also be a tailwind for markets. So with that, everybody, big thank you to Jacob. First time of the show, great work and great input. And thank you Marty as well. Follow these gentlemen. We'll put links below. I didn't get your link, Jacob, for where you are. My link is James's link. Jacob, good job, man. It's really nice to have you here. Hopefully, we can have you on again. Yeah, it was enjoyable. Enjoyed being here. Yeah. And uh follow Marty as well, especially for this aka chain. I aka I aka just research it. I've had them on my space. They're unbelievably talented guys. Um, they bring in a gamechanging solution, NPC, which I'm a big fan of because, you know, I hate permission systems like bridges. I just want to make one final point, James. These tariff things, don't forget there's only, you know, there's only a few ways to get out of debt for the US and one is austerity and forgiveness. These tariffs and renegotiations with countries may appear to be tariffs and negotiations, but what they really are is debt forgiveness. Um, I think we've forgiven a lot of debt with Japan, Taiwan, and every trade deal Trump makes. So, this is the man on a mission to get the debt down. Don't don't underestimate these things. is a massive turning point in this jungle and the easiest way to stack Bitcoin is take all the tariff revenue and buy Bitcoin with it and then use that ultimately years from now to pay off the debt. That's the no-brainer. And that's the game. That's what they're going to do. Lutnik understands this and so does Bent and they have the ear of you know who. That's all that matters. That's the game. And I think Sailor knows this. That's why he's front running everything and that's why Marathon is front running because people like um I can't remember the CEO of uh Marathon it's not the something with th but he he will is stacking like a mad man too. So all the cards are on the table and it's very clear to see where we're going. Just stay healthy my friends. Uh, thank you everybody. Chat with you next week. Thanks James for having us. Brilliant show as always. Thank you. Okay. Cheers, guys. Bye. Cheers.