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cover of episode Bitcoin To $100,000? Crypto Hits $3 Trillion Market Cap - Should You Buy More?

Bitcoin To $100,000? Crypto Hits $3 Trillion Market Cap - Should You Buy More?

2024/11/12
logo of podcast The Wolf Of All Streets

The Wolf Of All Streets

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The discussion begins with the potential of Bitcoin reaching $100,000, considering recent market trends and institutional interest.
  • Institutions and publications predict Bitcoin could reach $100,000 by 2025.
  • Bitcoin's recent surge to nearly $90,000 makes $100,000 seem plausible.
  • The total crypto market cap hit $3 trillion, indicating a broader market upswing.

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We saw countless institutions and publications calling for hundred thousand or even hundred and fifty thousand dollars bitten by the end of twenty twenty five. And while we were retracing and Prices were down for six months, IT seemed almost impossible when yesterday bitcoin came just shy of ninety thousand. And I don't think that anyone believes one hundred thousand, even by the end of the year is impossible at all.

And with that, we also saw all coins exploding and the total crypto market cap hitting three trillion dollars. A lot of people are trying to short this because they are rejected. Um I think maybe it's time to buy more.

Should you buy more? I think we're just getting started. We're going to talk about that and everything else now with the boys from our public women, halloween and Andrew paris, let's go.

Warms up everybody i'm Scott for also known as the wolf of all streets. Before we get get started, please subscribed a channel hit that like but ton, I know it's a bull market because timman decided to Grace us with his presence and we know that he wouldn't show up when IT wasn't exciting. We just wait, you know.

we hope one day when I see the parade in the streets, that's when I start coming out of the bunk. Er, that's my call action now .

knows that is a safe space style.

So let's up talking about .

yesterday's Price action because, holy crap, right? Look at this started the day about eighty thousand four twenty seven, which was already a sounding right. We already cheering eighty thousand care leave IT. Well, I close the day eighty eight thousand seven. Seventy actually went above eighty nine at one point in the day, but from open to close to not even counting the weeks eight thousand, three hundred and forty three dollar daily move, the single largest move by dollar amount after age in the history of our beloved bick. So many, you've been here a long time, a eight thousand three hundred and forty three dollars spread as pretty significant well at .

significant a couple lights. And number one, I think the obviously the higher the Price goes when we're sitting at three hundred thousand, whenever we get there ten years, one year, whatever. Um if we're at three hundred and fifty thousand and a ten percent moves are going to be a thirty thousand doll day.

So we're just it's the natural evolution of a market is when you get bigger and deeper liquidity, uh, Price action can move a lot without the percentage moving as much. So so that's a very positive notion to to look at. Number two, the thing that i'm most excited about is that there's there's um only a couple of entities on the face of the earth that can tell you what they're going to do and not care that you're gona front run them.

And one of them is the U. S. government. And I think that what we're seeing in Price action is um an indicator that we had a lot of uncertainty around the election and people did not Price in a Donald trump in, we saw at the very end the little pup.

But this just tells me that a lot of folks, we're wondering what was going to happen in the election. And now that we had the clarity markets love clarity. The the question is is what are you gonna speculate as IT pertains to how the U. S.

Government is going to embrace bit going going for IT and if there is gonna a strategic national reserve fund set up um they don't care what the Prices because they can print free money and whatever incremental Price increase they pay to get their bittman in stack. It's about gaining the control that comes along with that big coin stack and somewhat argue that they are you have IT because their partners a black rock R T. habit.

And so do all the regulated in a financial firms that are holding the physical B T. See at this point. So it's it's a huge positive that the market is evolving into such a place where the, the, the, the foundational asset, it's gonna go up in the baltic way.

And there's nothing to do you. There's nothing to stop IT. There's something that somebody taught me very earlier in my trading career. And I was like, when you get a chance to be a part of Price movement, where its Price discovery, where IT doesn't know what its Price should be, just bucked up and watch the fireworks because human nature is to drive IT to both extremes before IT finds its the middle right.

The irony that we cheer for the global strategic reserve that requires more printed money to buy the bitcoin is IT should not be lost on on anyone like if the governments go to to buy a million bator, two million or five. I think even as rf once sort of positive, it's going to require the very thing that bit going.

We're printing that much. I think we're printing that much in sending IT the ukraine. Think about at least this way, we're getting something for what we're spending in, in the fact we're getting a big chunk of bitcoin yesterday.

yesterday was bringing together both macro and micro. So as tilman talked about, you know, the reality of what's the what the boots on the ground associated with regulatory clarity, you know, talk about a cloud being lifted on the industry in such a significant way is is, you know, was defined yesterday day by the significant Price woman, but there was also some microbial.

So alliance bernstein, or burn in their research, ARM, which is a massive, massive, massive global institution, basically has moved from bitcoin, is a good idea. We wrote one hundred and sixty pages on IT four weeks ago to throwing off all the paper on their desks and pounding the table, saying, whatever you think of this, stop thinking about IT. You just need to own some. You, you, you just need to own some right? That is that is very, very rare for these types of organizations to make .

claims like that.

That is what .

was by everything you can buy.

I O K, I CIA, they're in the business of that. But by everything you can, that type of headline is I mean 11IT just doesn't happen in their business。 IT just simply doesn't happen. You know A A buy everything you can is usually position is you should have a three percent allocation in your in your a portfolio with cyp do that usually as bullish as you ever get a headline like buy everything you can that on paper inside of an organization like that is is really something from the head .

of the research tip. As I said, don't fight this. Welcome to the crypto market by everything you did.

Yes, that is that that sounds like .

that sounds possible.

I mean, that sounds like, that sounds like bit boy from like, okay, I think this good boy now work at bernstein. I mean, what's what's on here, right? So that is so you ve got micro, and then you got micro, and then you have these massive forces, which are the big queeny to, yes, which by the way, yesterday scooped up almost a billion and a half in bitcoin inflows um uh you know big black rock itself, seven hundred and thirty million dollars.

This is followed by late last week, one point one billion dollars and then previous to that um you know another day where they had no three hundred. So yet fidelity at plus one hundred, you at arc at plus one hundred. The inflows are going to be aggressive. I bet yesterday was up like seven and a half percent of the day or something like that.

The point is, is that you you have against macro forces and you know theoretical conversations about where we headed and then you have the reality of actual performance on any given day, in any given week and what this month is going to look like that away for november with all these assets. The catch up that's being played. And I you know talked about this with bit wise guys, the catch up that being played from a performance standpoint for anybody, absolutely anybody that has to answer to a client that they're management money for. If you're not in a spot bit coin Y T, F inside of your portfolio that you manage behind, they're going to ask you why tell me why you are in this asset that's up one hundred percent year to date. I wanted know because if you can tell me i'm going to think stupid and i'm moving my money somewhere else .

so at the very at least a trick question, right? It's like the advisor doesn't know how to address IT, which if you don't know how to address that, you always mean the best answers to address the head on which they're having to do right now. I I agree that the the system atic um involvement of bitch coin being bought in retirement funds is is yet to be turned on.

I I think we're seeing you know dribs of that now, but I think there will be a day where you have no different than what we have in the stock market. You have one to three percent of daily being accounted for by you know mindless buys in your four one k yeah pass sive investment exactly. And I we're not even there yet.

But what I think this pump is about is psychologically, a trading is all psychological, right? If you how long has everyone been sitting there going, uh, bitcoins gonna to at least two fifty and I think most people in their minds think above three hundred that kind of the consensus for this cycle. Well, it's just been hovering, hovering, having, well, when he gets that break and IT gets the break on such a catalyst, Donald trump s saying we're going to basically include bitcoin in our national conversations.

That's that's that tells you that, you know we've got ta get into the mid ones. We've got to get to the one fifty mark before we get half way to to reaching the the full potential, the full cycle in everyone's mind. And so i'm thinking I really believe we're going na crack through the hundred mark pretty easily.

And I think we're going to take a pause and regroup that you know maybe go up to one ten, one of six, come back down to one hundred and retest maybe even violated just to shake everybody out. But you know I think that in everyone's mind, right point, but bitcoin still uh jeep and you can see IT and the dips happen. They're bought up immediately.

I mean, it's it's unlike anything i've ever seen um in in in regards to the depth. It's like there's an insatiable desire to own bit coin as a backstop. And any time even on and and you look at IT again, there's another key a piece to this puzzle that i'd like to you know put out there.

The major Price movements are having to happen on the weekend these days. Have you noticed that they're always on saturdays and sundays when the big pumps of the big dumps happen? And what's great about that is we get to see what wall street does monday morning when they respond to IT. And this weeks going to be very telling if if invoice are what Andrews is alluding to them being I mean, good god, we're gonna be we've got big brother behind every cell saying, give me some more yeah also wondering .

what severer nation is likely buying IT going here. They could be driving this Price because there's been a lot of smoke and use in that. There's that but smoke fire. I think David Bailey timeout with the comment saying that his see of bicky magazine obviously a bit on conference and that this time we know that there's a country buying. I can tell you who IT is but a taping a lot of believing in saudi arabia ia or guitar. But I mean, this is the kind of Price action to your point where someone with a massive stack who needs a position is willing to just buy IT any Price and keep doing IT until they have their position establish because it's a long term play. I can say that is what's happening, but it's what's going to be happening.

Well, the tea leaves, the tea leafs are there. And you know, I think I was a month ago, maybe Scott, you and I talked about, wow, you we ve got a total A U N number of the spot of sixty one billion. It's eighty four billion as of right now. So I went up another forty, whatever the percentages, tim is Better math than I am. I know that's just a lot OK that's a lot um so IT .

thirty .

percent yes. So so here's the thought process. And I know a couple weeks ago si spoke with jeff park bit wise, who again you know comes from a background of being in the exotic derivative department and Morgan standing right and now he sees the architecture being built with coming the quality of options in q one of year, which by the way, are a done deal that they're going to get approved and start treating in being a part of this whole process because of the change in in in washington.

Um we're going to have not just Price action that that looks like this and uh is exciting, but were then going to be building A A pretty significant banking layer um underneath all of this stuff. And so you're gonna derived products, options products, um lending products, leverage products. You you can have all of those things associated with the, which is why, by the way, the ultimate front runner and guy who know, guy who knows what's gonna happen before that happens.

And I sorry if people are sick. Me saying this is Larry. Think so.

Three days ago, he's on his conference call, by the way, that's a heavy, heavily regulated forum. You can't saying anything. It's not true on those things. And he is talking about bitcoin and connecting IT to the mortgage market when he began to really grow.

The reason why he did that is because there is going to be this ecosystem that is built around bitcoin as an asset from a banking standpoint and black one wants to be the base layer of that. And so to me um you know going to one fifty, one seventy five, three hundred and three fifty, all the actions going to be there is going to be in how that's built and how quickly it's built in. It's turbo charge now because there's no all the shackles the going to be removed there in the process of being removed right now.

Um it's actually if you understand what they want, which is volume, right? They want to be able to take the fake money that they print and they borrow from the fed and they want to push IT into a market that attracts a lot of people and a lot of activity trading trading activity. The fact that they've propped up this new um you know exchange in taxes.

There are so many behind the scenes pieces of the puzzle that if you just look at all, it's pretty easy to see that we're going to take the leadership position in digital assets in the traditional way of them. And bitcoin is gone to be the base layer or one of the base layers to that system. And the etf and everything that they're gna do from this day forward is going to be about collecting and controlling the physical bitcoin.

And what I mean by that is like banking is is is great for the nation because it's stipulated game that allows us and fate our currency and create wealth out of thin air and then create innovation because of the incentive that, that wealth gives us. And so it's the cycle of of creating valuable things are R, G, D P, is, is, is what IT is because of that. And so if you're looking at like what do they want from this, well, the good news is, is they want something that they can put an infinite number of dollars in.

Does later think, does that help him or hurt him? If we're talking about bitcoin as bitcoin hole coins or if we're talking about the value being so hi, we're now talking about sad like people are, if literally has gotten to the point where the value of one bitcoin is so high that no one buys IT and anyone who does own IT, they can earn such a yield from IT by letting a bank hold IT for them, that they are idiots. And its success that going out into the financial system that we want to hold the majority so we can control the markets and inflate IT, that's the whole ganging, right? And so if if they can get the the majority control, which I would argue they already have because they can create IT through paper derivative products, will equate to more than the the you know the actual market and they done in that.

On every other front, look at the real estate market. What is the real state market really? What's the largest banking function for human beings in the united states that exist? What more people have more welcome than anything else, their property?

What more people look to as a lumpsum when they have to go buy next house, they have to sell their first house like that's where we hold a lot of our assets. And that's what a heat lock is. It's going in head.

You want to pull some you want to treat your house like a bank and pull some money off a bit and do other stuff with IT. That's going to happen. It's going to happen to wear if you're a holder, a bit going, you can walk across the street, any bank.

And because it's hook ed into the federal system of ending, you're going to be able to draw uh, loans against IT and you you're going to essentially have an a sweet interest rate because they're going to attract you to to make your deposit your bit deposes. That's all really negative stuff if you believe that bitcoin is gonna the one world currency that's used to buy your groceries. But if you warn the liquidity that the fia producers can give a market that makes IT go paroit, we're literally knocking on that door, right? It's happening right in front of us.

I want to point out something that I always find amazing on moves like this, right? We all know that if you're just sitting and spot IT going at any point in history, you are well into pay for paper profit. You literally couldn't lose if your life depend on that.

Maybe if you have bought yesterday and like eighty thousand, five hundred years, slightly down, right? But every time we see moves like this, we get these stories. They're Spikes above eighty nine k wild trading session, battering both polls and bears.

And if you dig into the numbers, there were almost as many people long like we dated yesterday as there were people short. So the moral of the story, there are guys, leverage is a drug. You can be careful with drugs.

People, there are people who bet on big going going up yesterday and lost hundreds of millions of dollars collectively because they were using leverages instead of just sitting comfortably in spot bitcoin and enjoying the right. I mean, think about that big going got that high. But because the volatility in the amount of leverage they were using, those big swings in both directions, the volatility liquidated everyone well.

But honestly, that's a great thing for our market, right? That's just extra liquidity the market gets to keep. And when you're playing high risk reward games like that, you know you're gone to lose a lot more than you win.

But the ones you win, they're hoping like these people who do are play that game i've played, it's not they're sitting there are going like i'm going to win every single one of these. They're just betting that one out of twenty hits and the one out of twenty is so let one hundred to one leverage. So we.

you're betting, make you catch the huge leverage move exactly IT goes your direction so fast that you can just chaste IT up with the stop. And you know .

those articles about how are many hundreds of millions on the backside or on the cell side lost money? Those articles are going to be tenets the number of three years from now because of the that come here. okay.

So the truth of the matter is, is again, that's that's liquidity, that's size and scale of the market growing in such an a measure way that we really can't fathom IT right now. The truth of the matter is, is the um the world the finance wanted the leverage game and the scale game to move away from finance and F D X and the like and move into their laps. Now however, they got that accomplished.

That's a conversation for another day but they did get IT accomplished and it's here and it's it's going to be more and more here yeah once options get approved. I think jeff park from bit wise talked about march of next year, you know having um you know the options to prove my best guesses as it's now january um because that will happen very, very fast. And then on top of that, we're probably gone to have a theory um etf options that are also approved quickly after that.

So again, the amount of liquidity that's going to be coming into the ecliptic markets overall is going to be the likes of which um we have to see. And um so it's it's a we're in a spot here um that if you're not involved in the game, this is why the burn steam note is so smart. If you're not involved in the game, you're going to miss something you just absolutely are you're going to miss.

And by the way, that note was put out by them yesterday morning and what happened all day yesterday, from the time they put out that note, bitcoin on its phone was up ten percent, right? So they can point their client that say, guys, we told you what to do, why didn't you do IT? You know, we were so right.

So what are these organizations going to do as they lean in to bitcoin working on their behalf from a performance standpoint, they're going to keep pointing to IT and pointing to IT and pointing to IT and pointing to the right and again, growth growth growth, growth, growth of the scale and ecosystem. Um I still can't get over the fact that even the most bullish cricket brows on the planet thought that we'd have five to ten billion and inflows for the spot at twenty T F. In the first year. Yes, we are five x that already that that still blows .

my mind and IT doesn't blow my IT would have been hard to predict but in hand sight, IT doesn't blow my mind because what was the biggest before the etf happened?

What was the biggest complaint even in a month, like individual bitcoin holders, how clunky the technology was like IT, it's you know, if you're a laman and you're dealing your with your seed phrases and even if you're dealing with transactions and you're sending bitcoin, it's a nerve action endeavor, right? If I send you bitcoin right now, I don't care how season you are. You sweat ten bullets until the other person goes out, but the chain is recognized.

I remember in the last four market, IT could take twenty four hours.

exactly. No, you don't know what there's it's an indefinite time period based on the main and and you know the the the a ten minute for earth, basically.

So bottom line is, is I I don't think we're even we have the surface the etf are providing an ease of use that allows corporations, allows pension funds, everybody that wants the exposure for a long term that is even thinking about let's the Price of IT today, they're just thinking about I need exposure to this asset class. You you're talking about the easiest way to get involved in between. It's have been created that on ramp is the smoothness on rap.

You can take IT at one hundred and ten miles an hour and there's no bumps and no Bruce image. easy. So I I think the etf are providing that to the to the world in a lot of ways. And if you take both experiences, if you go by an etf and then you go by physical bitcoin and you want to take self custody of IT, totally different experiences of human radially, different experiences.

Well, so many people still, even to this day, when they're moving bitcoin, well, to win, they're going to send, you know, fifty dollars first to make sure nobody does that when they send, nobody does that when they send ten grand to buy a spot coin etf. Nobody does that when they send a wire .

transfer stay. If you stay up on what's kind of happening in the hacking world, it's scary, man, that the hackers you can see in the test transaction, they are they'll generate a and address IT has the .

exactly the same, just like one difference in the middle.

There's like three digits that to change writing the guts of the address. So if you took the last four digits in the first four digital, you think, and this is grey bm, you send me again, your money is gone forever. And so you know think about you can build a financial system on stuff like that.

That's that's too much risk. There's too much finality. We love that going because it's instant settlement. Well, part of the benefit of our system is, is that when those areas and emissions that there is a lag to that settlements, we go and make change, right?

And so if there's a if you look at bitcoin as being layer one, who should be holding bitcoin in their mind, the experts, physical backlight. And then the next layer is as you hold all of our products that make you feel like you're all in bitcoin and give you the returns, a holy bit coin, but takes all. This was .

mentioned a conversation you when I had, you know, maybe couple weeks ago till then that nobody holds physical stocks certificates anymore. No, that doesn't exist anymore. IT exists is fifty years ago, you know you did a stock certificate from your grandparents for you know four shares of disney and you'd hold on to IT, but none of that exist anymore. It's all custody by banks and entities uh that do that and .

now it's you know completely in utero digital. We bought for ten dollars and then like to wait fifteen .

years to go out yeah physically .

like if if it's gone, it's gone right .

I mean but at the point .

when we were .

still holding individual paper stocks certificates, the stock market wasn't at the place it's at now in terms of Price, wasn't at the place IT, was now in terms of liquidity. And so that's where we're headed in terms of bitcoin or moving away from stock certificate space associated with the way that people hold bitcoin, an entirely new world IT list when jack mark talks about products around bitcoin being created where you can get up, uh, an annual fourteen percent year based on colors and stuff that are put together on the high side and on the low side. So you're you're gonna get potential Price appreciation is significantly protected to the downside overall.

It's a fourteen percent type of product that just the amount of of that, that they're going to sell to highlight worth and alter high net worth clients at more constantly and golbin sex will blow everybodies mind. I will just blow everybody's mind because that, that type of client wants that product. They don't even care how it's made.

They don't want to cold storage bitcoin. They don't want to hold spp bitcoin. They don't want to deal with german I or b you know and or coin base.

They don't want to do any of that, but they do want to have some, some closure to the asset, right? And that type of product will sell IT absolute crazy at those organza. And it's coming and it's coming fast. Yeah.

the options are gonna huge. Obviously, new warehouses is coming on, is going to be huge. I think you I ve talked about so much, Andrew, but people take for granted that probably at least fifty percent of investors still have access.

No, IT doesn't exist. But then you talk about all the like ways that institutions are going to be able to trade this, that are going to sort of booze the markets and they're coming. And there's a few articles about already, bloomberg, bitcoin, hedge funds, just about risk free traders ring back.

I left that just about risk free trade. They are obviously talking about cashing career or the a basis trade, which is basically you buy spot bitcoin and you short outdated futures at a high Price and you collect the yield in between. Right now, that yield from cma, if you're buying spot because of this huge pump, is eighteen percent of the fun contact based as receiving this debone futures, which outstrips the basis.

On other derivation platforms, the belt ex is one of the larger institutional desks are saying they're seeing a ton of interest in IT. Now many of you may remember that this was actually the widow maker of the last world market, but that because they were doing IT with gb tc, which was also trading at a premium itself, and IT was basically the double death Carry trade, and you couldn't get out of gb tc. For six months.

So when I went to a discount, anyone who was locked in IT was completely fluked. Not the case here. There's a much safe thing.

But you can see institutions are actively finding ways to get much more involved in the creative trading strategies. Big coin options show traders betting on one hundred percent thousand dollars by U. N.

Now that's the largest wager for the december twenty seventh x ray. This is a lot of institutional traders. So there's a lot of action in the options market and people finding creative ways to attempt to make money there, right? And this just lends solid things. You're saying you can't even do most of this yet like you can with other assets, but that's coming on the E. T.

S. Well, again, you you have when you have A A cording quote value set, right. And you know just in the past thirty minutes, once we've been on this call and forty five minutes in total, a bitcoin has been down to eighty four five, then back up to eighty six five, and now sitting at eighty five five, right? You IT can't be overstated what wall street likes to do with that type of Price movement.

They see that type Price movement, and they just start rubin their hands saying, all boy, there's a lot of stuff that we can do. And you just describe IT in that blue work article. You're now looking at an eighteen percent spread between spot and futures.

That is a massive number, massive, massive, massive number. This read between in in the oil market, it's nothing like that, but it's still traded billions upon billions upon billions of dollars every day. Well.

here's the reality. The Richard you get the the more money you're trying to place, the harder is the place at. So the most attractive places to place that type of money is an orbital place because you're supporting both sides.

When you're entry, you you're going in short and you're going in long, but you're doing IT in a way that has a multiple er effect or more profit potential on one side than the other. So you're hedge that entry. But as the Price expense from that point, you you're betting on a direction, right? So the more soft, the more money you have, the more you have to spread IT out.

Now if i'm spreading IT out across an asset class like bitcoin, how many vehicles I can load with cash is the only thing i'm worried about because i'm not even worried about. Do you remember the days where we were beaten on the drama of how great bitcoin was and the common sentiment and wall street was kind of like it's the tick on the elephant. You know I meaning like come on guys, that that markets tiny, that we can get excited about that market because I didn't have enough, just like .

not even worth not even worth paying their staff to move the amount of money that worth that.

actually. So I look at that is like, okay, they want they those people walk into a casino, they have so much money. Even if they stand at the black jack table and place all bets on the entire table, they still can't place enough because the table maximum is of pinching their bets.

And they can't buy every table on the casino floor because the casino do that. So what do they do when they start making sidebars? They find another bridge guy in the casino and they start betting on table action, but they're not having to stand at the tea table and take up a seat.

You can do that an infinite number of times and place as much money on that table that as part as you want. But the casino never knows how much money is being place. And there is no way somebody can stop you from placing the money because it's a side bet in a no derivatives market. The more products we have like that, the more money is going to be slashed around in this market because that's the biggest arbitrage play that will exist, and that's how the biggest money is. Excited that that the whole .

game yeah I mean, speaking of the biggest money and getting excited, my trade buys two billion and become twenty three billion. So at first I saw I think the tesla stack is now worth over billion dollars, which I think is notable, right, not to take on, not to take on an elephant. Ask quite yet.

Maybe I take on my rino s ask right to this is the biggest buy that microstrip has made since december of twenty twenty, buying bitcoin here, basically from october thirty first in november tent and average Price of seventy four thousand, four hundred and sixty three people at the that point. What I screamed to holly crap is by in the top right. And once again, IT goes rocketing past.

And now microstrip gy has doubled up on their big coin investment, even buying every single top as people love to point out, all the way up to good segway into dollar cost averaging and bitcoin guys. I don't know why I would want to make that segway. I'm just saying .

before we do that though, if IT has to be so people know um yeah sailor is buying more bitcoin and more and more of that as he as he moves forward but go read this tweet, what is he talking about just as much besides just purchase ing. Bitcoin keeps using the word yield, yield, yield, yield, yield field, right? Michael sale is a smart guy, but he's not a genius.

Okay, so that yield ld conversation is coming from his friends that keep lending him money to buy bitcoin, right? So there is a, there is an end game with a, with microstrip gy and with sailor that has less to do with that word yield. So keep an eye on that.

It's banks. I mean that bitcoin banks are here to stay and people are going to define themselves as bit in banks to take the market share that comes along with that definition. And you know I I think you you talk about derisive plays on bitcoin.

Every equity that puts bitcoin on their baLance becomes a derivative play of bitcoin because if you have A C E O that knows how to make a lot of cash and has a huge commitment to converting that cash, the bitcoin like sailor does, then you're going to see exponential returns that are disproportion to their their real world, you know, gains or their profits because of their stains on bick. And conversely, if you see people that head against IT and have very moist states on IT and the Price crashes, they're gonna the heroes and everybody is gonna have to figure out who's the best people at the that game and playing that field. And really you allowing the lemon like if I am looking at okay, i've missed the bitcoin boat.

If I if I don't have a bit any bitcoin right now and I go, okay, how do I play the game? Well, the the next unknown micro strategies would be the game i'd be looking to play because there's gonna be a company that themselves there. They're probably you know needing market share up against a huge competitor.

Whatever the reason is, they're gonna put a big chunk of bit coin on their baLance sheet. They're going to open up for the publi C2Come fun d tha t eff ort bec ause of the ir con viction aro und bit coin. And that's going to be the greatest uh debt mechanism that um they're gonna able to lean on for their Operation expenses. And at the same time, the end user or the investor is getting what they want, which is exposure a bitcoin in a way that's not already Priced. Um and so this is going to open up a whole new functionality for everybody.

Now listen to me, I could have all made thousand exes on cat face dog boy A S correct, right? But we didn't but we didn't. I missed I I personally did not correctly choose the one out of six million, nine points on a in April that pull a ten thousand x but I think it's fair to say that collectively here um we're less on the speculating four thousand exes and very happy to be sailor, right? And to buy an asset that will continues to grow up over time and slowly accumulate mass of wealth by doing so.

Uh and you guys have built a tool that's going to allow people to do that the most efficient manner possible, which is the big point algorithm. I've got IT pulled up here, obviously. Um spoiler alert. We're going to new york, I think a week from yes. So three years .

are going to new york.

I just we we're going to new york. We're going to the we're able to talk about IT, right? Yeah and yeah german I were going to the german I offices.

We're going to be sitting down and doing bunch interviews with potentially very tall people that are twins. How to say that's going to happen potentially call people there are trends that have been featured in movies about uh, social networks. They're tall and and others in their offices to talk about exactly this.

So listen, I think we all have seen in real time the power of across average bitch coin or dollar across averaging anything, right? I mean, the smartest investors in the world are the ones who are just like dog cost averaging spy for their lifetime in the retirement account, right? Because you'd probably not going to beat the market, but there's no on here, which is that dependence on your time frame and how long you want a dollar cost average for. If it's by the minute, the hour, the day, the month, this algorithm will get you effectively a slightly Better Price over time, finding the best time in that time period to dollar cost average. And over time, that's going to be a meaningful amount of extra game because you've at a smaller discount each and every time.

We couldn't be more excited about this in a feature that we haven't talked about yet, but we can talk about here in the show is you're onna have the ability as a user to create what we call multiple instances. So you're not going to be able to just click a button in by bitcoin every thirty minutes. And that's all you can do with this tool. Using this tool, you'll be able to set IT to buy every thirty minutes. And then if you want to buy twice a week, you can also set that instance.

And let's say, like we have clients that are very high networks and they they want to push fia into bitcoin and so they'll sell one of their vacation houses. And when that house sells, they need a purchasing schedule and instance.

To place that capital and instead of just like throwing IT at the wall and hoping that they're buying IT at a good Price and that their entry is is uh prin, this allows them to say, OK, I I made this much money on the sale. I want to allocate this many dollars, and I wanted to purchase this frequently over this time period. And that would be an instance.

And then you could have five other instances, the allocating other capital that came from other sales or a more of a settings type of an account where you're taking a portion at your paycheck. And so you can layer your purchases in a way that give you the smooth this entry curve that you could ever produce yourself. More disciplined approach is always gone to give you a Better outcome.

And so if you talk anyone about, like, how do I pick if if I have a million dollars a place in a bit right now, how do I buy IT? Do I buy at all today? And, you know, put myself at risk for Price fluctuations? No, you don't. You buy IT in small chunks, and you do IT based upon win their depth. And so this algorithm is going to provide discipline to everyone so that we can all avoid what we've all experienced, which is the regret of knowing about that coin a lot longer before we acted on bitcoin.

And so this is gonna something that kind of set IT and forget IT and let you um put in the stances that you want and and and then put IT in the background of your life and over that period of time, whatever your desire is, you're able to customize IT in such a way that at the at the end of that period of time, you accomplish your goal. It's like you know setting up uh um a daily um training um you session with a personal trainer if you go and do that every day at the end of the time frame, you're gonna be in a lot Better shape. Well, this is having a trainer that's doing the work for you in the background and your united being to having to come to the gym anymore. You determine what your budgets boom.

It's working in the background to accomplish this.

I.

Roll out, like I always said, like six twelve, like film or whatever, in a super fast.

It's the the .

ability to set different individuals by schedules, uh, very, very different than the ability to buy once a day from all the exchanges that exist out there, whether it's going base or others. You know they have programs where you can buy and once a day or once a week or once a month, this is this will include the ability to to buy down every minute. And then you're intelligently looking for the best entry inside of that instance, but your ability to then set up five different sets of ways that you want to buy the coin. And in connecting that to a total amount of capital and in a daily basis or a weekly basis, it's just going to be a very, very unique tool that's going to act as a scalpel for you to stack set.

Yeah this this is the lowest fees in the industry. That's why we're with jimi. They've given us a 4 basis point。 So you can't beat that on from an entry and exit perspective. So it's uh point four percent entry essentially from a Price perspective.

guys, it's arch public available to use A S I D S.

But absolutely we are yeah, we've got a lot of clients and taking advantage of our algorithms from different markets, different regions.

My favorite part about this is that we can finally really talk about the calling here, right? Because the art product has been so insanely popular with obviously like my audiences are largely your customers and they're obviously moving serious sized. It's been training stocks.

I really talked about amnesty here. But this is finally really, I think the product aid to have lot cheaper, right? But um this is the one that I think most people here will likely be interested in. I can't imagine anyone watching the show is the great we well.

we believe in that so much where we're doing because of our um large german I we're doing a three months free trial for anyone that wants to try out. So you were put uh IT right out there for everyone to evaluate for their own purposes. And if it's something that you find by ables, then you're gone to continue to use IT.

If you don't, then no harm, no file. You at least seen the other side of the and give us give us feed back good, bad and different. We'd love to continue to build our products into something that really makes the market.

When do I take a look at the site quickly, the art public, and you can see here you go down here, three past you going out of them there for learn more I i'll tell you everything you need to know and you can scroll down obviously here to get started right?

yeah. And some of the things that we've included in this um product is you can have IT to wear is in or to predetermined period of time that you buy every thirty second, starting now, every five minutes, starting now, every hours starting on. You can set all that if you want, just these arbitrary time periods.

But there's also a feature called the byo. Um and if you check that, it's essentially gonna wait for large debt in the Price. And then by so there's there's some intelligence behind the buying and to the algol as well.

It's not just the random time page that you can you can program。 And so we think there's a tremens amount of value in terms of having the algo watched the market and take advantage of those depth verses. You haven't to wake up at two in the morning and try to do IT yourself.

Yeah I I mean, you're never going to be an alga like this and they're trading algos that are jacked up and people you know wake up and thousand how do you liquidate but literally just buying big of Better Prices to really see how you can argue with like I want to get one hundred thousand dollars of bitch, do I want to try to do that myself? But I want to do two percent Better over time by allowing, you know, machines to do IT. For me, this actually see like the most compelling use case that we have pretty much for using an well.

well, here's the thing. The flash of algorithms typically is those paiutes that are like we're going to make you x number of dollars at guarantee or printing money blow blot. There is no such thing is that every algorithm is about a eype seasons and and some of last a very, very long time.

But what you're going to get with this algorithm is is if your intention is to own more bit kind, you're gonna be able to own more bit line. This is going to buy more big coin for you and do IT at Better times and Better rates than you could yourself. And so when you look at what define success of using this algorithm, you accomplishing your bitcoin holding goals. That's really what about do that question for?

But in I mean, I know IT is for now, but in theory, this technology could maybe in the future potentially possibly is very almost easy asset.

We are IT actually is ready to go. And when we launch, if you go go into our highest tier council level, you will have flexibility across um pretty much anything that gym .

I trades yeah and at some point maybe etf as well.

Maybe yes.

the yes no.

it's quick. We are soon gna launched that we just want to get the first spot one done first. But absolutely E T.

After going to be we're proponent, we're trying to take um uh a page out of the the other folks playbook which is let's make bitcoin is easy to deal with this possible. Let's make IT but purchase through automation. Let's have folks like the week of us twins a custody for us because they obvious ly know what they're doing. They mate. So it's one of those things like if we if we focus on that, we had more and more people participate in, in the market.

Yeah, any final thoughts before we jump here and nine fifty one?

No, I I think that's IT were you know not surprisingly, when the when the markets um in folks like Larry are you finally get to the office, put the hands on the wheel, you know we're up two thousand two thousand bucks on bitcoin in last ninety minute. Um so you know h it's an asset that you need to be smart about how you own IT, smart about how you require IT and a our firm is going to lead in uh, giving people the opportunity to that only only asset but then multiple products that will give the opportunity to play both areas of how bitcoin moves uh in the future. And so exciting, exciting times.

very exciting times. This is not financial advice, none of our finding to advisers, but I will tell you this await at the risk getting in a bit point. If you're currently not in IT and you want to get into a go earn bitcoin with your sweat, go earn some money and put that in the bin and then it's just found money. It's based upon you wanting exposure to this. And then if you lose IT, it's not that big of a deal because it's not your primary income.

Think about .

IT work.

Everyone wants to know I need to dollar cost average in the big. I'm just keep shopping this everyday because it's fun. U S. National that about to be thirty six, true, five, nine, ninety two, five, fifty nine and counting up. That's yeah .

irrespective of republicans or democrats, that number never stops going up that that number never stops going up now with you know elan involved in the the the ducky branch of government or whatever IT is now that may slow down a bit. But again, that number is is not going to stop going up. The velocity of IT may slow a bit, but it's still gonna.

Keep going up. Listen, even that's the narrative. The truth of the matter is, if you're a politician right now, you know the disruptive functionality and capability of the ai A I is going to be so disruptive to the efficiencies of this world, and it's going to create so much value we can print to infinity and still not catch the the G D P, the potential ai.

I am not worried about inflation. I think you know here's there's two schools thought about inflation. One school of thought is, is cut your cost. The other school of thought is, sell more product, grow your top line. And americans are much, much Better at selling product and growing their top line than they are at cutting their cost much Better.

So, you know, can we cut our costs to help? Yeah but only thing is going to get us out of this whole is doing what we're doing with bitcoin. And what trump s saying, he's gonna to pick when I don't know what interview was, but he said something that let me know that he understands the game, which is he said something along the line. We're going to do a national strategic reserve fund and we're onna use bit going to pay off our national that he said those words.

how going jack think?

Well, exactly what. So if that in his brain, how does that? How is that accomplish? The Price has to go to the moon.

IT has to go to the moon. And who doesn't care with he's printing dollars to buy bitcoin. He doesn't care what the relative cost is. His dog costs averaging the country into a position if IT not matter if it's at one, fifty, two, fifty, eighty five or anything in between.

Hey, Scott, notice you notice the the the guy underneath f me, at least on the screen, how much he enjoys long forever interviews versus short forever interviews. Is that is that made impression on .

at all be to do this thing.

you can be .

like, that is five minutes. Is .

everything no? Yeah like especially .

seven in the morning. My brain didn't I get?

That's fair. That's fair. alright. Well, do have to go because we're actually at time here, guys, what's to get the arch public dom grow right down the bit going out and learn more a beyond also just the insane performance to tell you about, uh, all the other algorithms and and products that they have.

I wouldn't be stopping for this so hard if I did really believe in IT. Not really might think so you know in general to push push things that that I don't write. So that's all you have to you today, Andrew till men, thank you guys so much. I see you at one hundred grand next tuesday. Maybe yeah, I see.