Crypto Water Cooler: Crypto Industry Donates $78M, Elizabeth Warren, Solana, Bitwise BTC ETF Ad Ep7

David of the TheNextBlock joins me to talk the latest crypto market news and more.
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Topics discussed:
– Crypto industry comes together and donates $78M to pro innovation political candidates
– Elizabeth Warren’s defacto crypto ban bill. Also she sends letter to Coinbase, Blockchain Association, and more
– Bitcoin ETF activity heating up with the SEC & Bitwise BTC ETF ad
– Solana pump legit?
– Crypto bull market and strategy for navigating the market

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⏰ Time Stamps ⏰
00:00 Intro
01:15 Crypto market pumping but be careful
03:20 Fed pauses rate hikes easier to get money
05:50 Solana pump legit?
09:00 Crypto investment tips
10:40 Crypto industry donates $78 million to political candidates
19:55 Coinbase & Bitwise Ads
22:30 Old Financial system is failing
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You were mentioning Solana, you did a trade on that. And Solana has been getting a lot of hype, a lot of steam. We’re seeing tons of activity. We got bonk and other meme coins on Solana, but I don’t trust this thing. I’m swing trading it, but I don’t trust

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Welcome back to the Thinking Crypto podcast, Crypto Water Cooler episode number seven. With me is my co host David, who’s one of the co hosts of the next block crypto YouTube channel. David, welcome back. Yeah, thanks. Thanks for having me. You know, since the last time we spoke, the

Markets are know, looking good and we’re still having know, end of the year Christmas Santa rally. So times are exciting, right? You know, gotta have our eyes on the horizon for what’s to come, right? Yeah. David, did you notice that I changed my poster in the back?

It’s now with green candles. There we go. I should probably get some green over here. I should probably get some green ornaments on my Christmas tree. There’s too much red over there for the green we’re seeing in the market. I know we were just talking, but I was trading some Solana meme coins.

That’s where a lot of the hype is right now. And I made a decent profit this morning. So there is definitely some gains to be had. But just like I won one, there is definitely a lot to lose out there. So you got to keep your eyes open. Yeah.

One thing I’ve learned, man, you can’t passively invest in this market. You have to research, you have to understand the charts. You have to understand what time we’re in in a cycle, right? Because you’d be buying and selling at the wrong time and you can’t follow the herd.

I’ve often talked about if your grandma’s telling you to buy bitcoin or the uber driver, you got to be careful, right? Yeah, it’s interesting because I’ve had a lot of people with having a couple of Thanksgiving parties and even some Christmas parties, I’ve had people that are

Either a, they’re the people who have been dollar cost averaging the past like six, eight months, and they have a decent bag of bitcoin, Ethereum and maybe some altcoins, and they’re just excited. And then I’ve had the other people who are very new and are interested, but they’re not actually buying.

And if they are, they’re like, I’ll put $100. I definitely don’t think we’ve hit that 2021 fomo of the masses coming into the crypto space. But I do think if it’s not coming very soon, and I mean, like within the next month to two months, I

Think it will be maybe closer to that bitcoin having, maybe when we see that really big pop, because you’re seeing the advertising, and I know we’re going to get into talk about some of that, that we’ve seen from some of the big promoters in the space, but the money is there.

There’s a lot of money. It’s still sidelined. And rates, obviously, the fed kind of is helping the issue there, as you know. Definitely a, like the perfect storm could be building. Yeah, to your point. And I’m personally reading up as much as I can trying to research this because we’ve

Seen a high correlation between crypto and the stock market and the stock market. It’s hitting some new all time highs. Like you said, the Fed signal that, okay, we’re done. So the markets are forward looking. They’re like, oh, okay, they’re done. Capital is going to be cheaper in

The next one to two years. Let’s start investing because we know we can go borrow. But at the same time, I am concerned about the buy the rumor, sell the news event on the bitcoin ETF, not to say macro wise on the larger trend. We’re not bullish, but in the short

Term, look at what happened in 2019. After the bottom in 2018, bitcoin rallied to about 16k, then dumped, but then slow, steady growth into the next parabolic move. So that could happen, or some people are saying new all time highs next year. It’s possible. I don’t think it’s highly probable, though.

Yeah, I’m still thinking maybe we get a push, right? Maybe to like bitcoin. I’m talking about here, maybe up into the 50k range or maybe high 40k range, and then really there is going to be a lot of resistance there. I do believe.

And that could be when we get this ETF approval news drop, and there could be a sell the news type thing which puts bitcoin back into maybe the 30k range or somewhere in there, almost a 50% retracement like we saw. Although Covid was a little different, that anomaly.

I don’t think that maybe a sell to news event wouldn’t do that big of a damage, but there is a lot of frothiness in the market. And so I definitely think people, if there’s a big sell and it starts cascading, I think people will.

They’ve been jaded on the market for the past two years. I think it won’t take them as long to be like, nope, I’m out, I’m not going to do this again. But like you said, I do think even if bitcoin were to do something like that and have a small

Retracement back, a healthy correction, I would say, with the having and so many other things coming in the coming years, with money being cheaper to borrow, like the money printer is probably going to turn back on, I think your bets are still on the macro and on the

Long term, very bullish for if you’re buying right now and what assets you’re looking into. But it’s very interesting. I’m kind of surprised. Ethereum has kind of been a little silent. Quiet, I would say. As far as price action, I know it’s not moved

As much as bitcoin maybe has, but there’s definitely a lot of other competitors that are climbing up and trying to take some of that market share. Yeah, I mean, like you were mentioning Solana, you did a trade on that. And Solana has been getting a lot of hype, a lot of steam.

We’re seeing tons of activity. We got bonk and other meme coins on Solana, but I don’t trust this thing. I’m swing trading it, but I don’t trust this. I am the same. I have a couple wallets that know, have a couple of phantom wallets, and I’m trading some meme coins.

Like I said, I made some profit, but I’m also following some accounts that have put together some pretty robust, I would say, threads. You could call it Fud. But I think it’s just, hey, sometimes you have to take a step out of your bubble of wanting to see your coin go only up.

And just to know metrics maybe, that a lot of these metrics, as far as volume are right, and it’s manipulated. I mean, it’s not like Solana has always been this darling child of a crypto that’s never had any issues or never had anything shady or weird happen around.

Like, there’s been a lot of controversy with it. So I definitely do think that when I’m taking profit, I’m not really planning to hold it in Solana. I think I would rather hold it in USDC on another chain that I know maybe is not going to go down. I like Algorand.

I know there’s tons of other ones out there that you may have XRP or Ethereum or whatever it is, but, yeah, I hope nothing like that happens and maybe it just keeps moving and it stays online. I know that in most recent, one of the chains I saw go down was arbitram.

It had a sequencer issue and it went down for, I think, a couple of hours. So we’re still in this early phase where, yes, there’s a lot of hype, yes, there’s a lot of volume, but things aren’t perfect, right? I mean, even avalanche and ethereum. Oh, my gosh.

I’ve been trying to bridge and buy some of these assets on certain things. The fees are still climbing through the roof, so there’s still a lot of progress that needs to be made in the space. But there are reasons to be excited about things like solana, avalanche, ethereum, algorithm and the sort. Yeah.

And to add to what you’re saying, we’re not bearish or trying to spread fud. But as an informed investor, you want to look at all scenarios. What’s the bullish and what’s the bearish? And you got to pay attention to all that. You can’t just put your blinders on. Oh, I’m bullish.

It’s going to the moon. You could get wrecked because there’s a lot of noise around Solana with vcs looking to dump a lot of tokens. They have FtX, right? That Sam Beckman freed treasure trove of soul tokens. Right? That’s lingering. And then Solana, like you said, has had

Issues in the past, downtime and much more. Now, once again, I just stated I’m swing trading it, so I’m looking to, when it pulls back, I buy and then I sell. Once it rips, I’m not holding it. Long term, I’m more bullish on other tokens, but I’m making money off of it.

So you really have to make sure that you categorize your strategy. Am I doing a short term trade, swing trade? Am I holding this long term? Am I buying when it’s about to hit the top on the Fibonacci model. Right. You got to be aware of all these factors. Yeah.

And I think one of the biggest things I’ve learned, too, is even if you’re having fun with meme coins or even if it’s a solid project, but it’s low market cap and the liquidity, or it’s moving in big strides, it’s like if you’re up a little bit, take out your initial investment and

Then just let the rest ride. That’s literally what I do with so many of the things I hop into, because then it’s like, okay, if it goes to zero, I already took out my initial investment. I’m not losing anything. I only have more to gain.

And I think that can be said for a lot of these projects that are maybe having a lot of hype, but you have questions in the back of your mind about them, like, don’t go to sleep holding something that you’d fear could wreck you right the next day.

You have to take those profits and whatnot. Yeah. And what I’ve learned, man, is not to be too greedy. I may not be making millions on a swing trade, but I’m walking away with thousands. I take that money, I can either spend it or I can reinvest it.

And I’ve been reinvesting a good amount because I’m like, look, I don’t need to buy anything right now. I’m okay, and I’ll reinvest it on a token that has crashed down. And once again, you got to do your research. Right? Study the charts, and then I use

That capital to make me more money. Right. So you got to do your research. You got to understand the charts and the cycles and be smart and don’t be greedy as well. Yeah, maybe. Let’s hop on that other topic. I know one of the topics we were

Going to talk about is kind of this chest that’s being built in the crypto industry of to help facilitate pro crypto politicians in creating this adoption and helping further crypto adoption. I know you’ve interviewed plenty of people in the political space, but what are you kind of seeing as far as this?

I think it’s like 78 million being pulled together to be spent on pro, like I say, lobbying, obviously, to try to get these politicians. Is there any politicians you’re watching that you like the most, or kind of. What are your thoughts there? Well, first, I’m just finally right. The industry coming together, pooling

Their resources and capital. They should have been doing this a long time ago. But look, you live and you learn. Right now, Elizabeth Warren is attacking the entire industry. And we got a lot of folks who are rallying behind her. I think she’s got 20% of the Senate now behind her bill.

And even though she doesn’t have a good track record, it’s still dangerous because what we saw, I think it was a really big chess move. Jamie diamond, she got Jamie diamond in a hearing to say crypto is only used by fraudsterious criminals. And so, you know, we know better.

But there’s a lot of people in passing, the average Joe and Jane and even some members of Congress are like, whoa, really? I didn’t know that. And that could easily sway them to support Elizabeth Warren. Right. But we know money talks in DC, campaign donations and much more lobbying.

And I think this is so bullish. I think this is great that the crypto industry is doing this. I think they need to bring more money into the fold and support these know, as far as specific candidates that, you know, I don’t want to get too political. I’m more of an independent.

Don’t get me wrong, I vote Democrat and Republican, depending on who’s the best candidate. But I’m not in any one camp because I’ve seen craziness on both sides. But whoever is the best candidate, whether it be Republican or Democrat, I will support. I don’t know yet from these

Political candidates who I really like. I’m still, like looking at them and listening to them. But I’m glad that the money’s being given to both sides if they’re pro innovation. Hi, everyone. Pardon the interruption. I’m Tony Edward, the founder and host of the Thinking Crypto podcast.

I have a huge favor to ask you. If you haven’t subscribed as yet on YouTube or the podcast platforms, hit that subscribe button, hit the thumbs up button, hit the notification bell on the YouTube platform, and on Spotify or Apple or wherever you get your podcasts,

Please leave a five star rating and review. It supports the podcast. It allows me to bring great quality content to you. Thank you for your support, and I’ll let you get back to the content. Yeah, and I think obviously, we’ve seen more talk in political debates and stuff leading up

To presidential elections, even on crypto. And so I think we’re going to see more and more of that, especially, like I said, going into 2024, outside of the ETF being approved and so many other bitcoin having so many other factors. You also have a presidential election year.

Like I say, it’s what could be building up for the perfect super cycle. So you really do have to kind of see what these people are saying, where the money is moving because moves are being made, even. It’s funny, Jamie diamond saying bad things about crypto and about bitcoin.

It’s like, how many fines? That’s literally the thing that every time I see him speak, I’m like, how many times have you had to pay a fine for illegal things your bank has been a part of with moving money? So it’s kind of funny to see them

Make these claims, all the while knowing they literally have their foot in their own mouth. And, David, isn’t that just a great example of why you have to do your own research and read, right? Don’t just take Jamie Diamond’s one off comments or headlines, because he did this in 2017.

I remember when I got into industry 2016, and then we started seeing the bull market in 2017. And I remember in September 2017, he came out and said, don’t talk to me about this. Anybody who invests in is going to get wrecked. You’re going to lose your money.

Bitcoin proceeded to rally further. Right? And then he kept his fud for years. So he’s been saying this for a long time. But to your point, all the things that he’s saying, oh, it’s by criminals. And you look at all the things Jamie Dimon and the banks have been caught up in with

Epstein, with drug trafficking, you name it, everything. Any type of fraud, and they get fined billions. But now it’s like people have blindness to, like, they just seem like, oh, okay. It’s like almost, that’s how business is done. But crypto, you have a small segment of people, bad actors, who are using it.

Oh, my God. Yeah, I think the biggest thing, and I even read it, I saw it when reading the bill that Elizabeth Warren was proposing. I don’t really think it’s so much the illegalness of what’s going on in the crypto space and how big that is.

I think what they ultimately want and why they want people to hate it is so they can get more regulations around it to where they can see more. Right. They want KYC on everything. They don’t want anyone to be able to anonymously be doing stuff and avoid their hand. Right.

And I think that’s the biggest thing you’re seeing, even in her bill and stuff. It’s just trying to get KYC everywhere so that they know what’s going on and they can get their hand in the cookie jar, I would say first and make sure that if anybody is doing

Illegal things, they get their portion of that. And on the back end, I guess you would. You know, at the end of the day, I take it with a grain of salt. I’ve done my own research the past like two years. I know which protocols and projects I’m in that

I think will have a really nice bull run. And I’m sitting and waiting, buying more when I see the dips. And I just block out. Literally, I block out most fud that’s even there because it’s like if you’ve been in this market for the

Past two years and you’ve dealt with the Fud that we’ve had to deal with, you can handle the fud in a bull market because at least the prices for the most part, going up and to the right, right? Yeah. And you ever notice, know some of these things only come

Out when the price is going down a little back. Right. It’s never. When it’s. No, it’s the thing, it’s like even Jamie Dimon with Morgan coin, I mean, there were so many things in the bull market of the last that he was bullish on.

I mean, you had so many people know, tattoos of meme coins and stuff on them and anything and everything. And it’s like, at least there is some people, at least thankfully, that have been consistent all the way through. I mean, Michael Saylor, obviously, the one of

Them for bitcoin, always been a bull, never really wavered on that as far as what he’s been buying and obviously showing that. But I think at some point, like I said, the switch is going to flip on. And I’m glad I’m in the boat at. And look, I think Jamie Dimon and

These guys want to control crypto. I mean, her bill, Elizabeth Warren’s bill was written by the American Bankers association. That came out. The folks at these advocacy lobbying groups found that out. So they want to control it. And while Jamie’s saying that JP Morgan has crypto funds, they’ve been tokenizing with

Avalanche and they built JPM coin. They were early investors in consensus and Ethereum. They created a private fork of copy of the Ethereum blockchain called quorum. So watch what they do, not what they say. These guys are all in. And I keep reminding people, like, while Elizabeth Warner

Is doing all this, and you got these comments at the same timeline in parallel, Blackrock fidelity, all these guys filing for bitcoin, spot ETF, tokenization and all these things are happening. How can those two things exist, right? Crypto startups getting attacked while the Wall street is launching services.

I think we see what’s going on. Yeah, it’s a game of cat and mouth. It’s just trying to bait and switch. It’s trying to make you feel fear when you should be greedy. And just like I say, literally, it’ll flip on its head when it gets to the bull market.

They’ll be telling you why this is the revolutionary thing that it is and why you should be literally mortgaging your home and selling everything you own to buy it. And they will be dumping on those people at the top and then rinse and repeat. But it is interesting, though, to start seeing,

I know this is another topic we were going to cover to start seeing ads, right? And real commercials being done. I mean, we had the doseki sky doing the bitcoin. I buy bitcoin commercial and whatnot and other ones, the one that whether the dinner table and whatnot and looking

At the menu of the etfs that they could buy, there’s so much out there right now that’s like, this is capturing the regular retail’s eyes. And that’s what I mean by people are talking to me at get togethers, or even if I’m just over at a friend’s house and they know

I’m in crypto, they’re asking questions. They know about it now and they’re starting to get interested. It’s just we’re not to that level where they’re going to start fomoing in their paychecks and trying to really move big money into it. But I love the commercials, even the coinbase

Ads and a lot of that stuff. I think that hits home to a lot of people who are like, especially a lot of people my age, maybe even younger, who are just now getting out of their parents home, just seeing how kind of hard know, maybe real world is.

What are your thoughts there? Yeah, I think, speaking of the coinbase ads, because I’ve been seeing those, I’ve been watching some basketball games and I see them pop up. I’m like, wow, this is great. There’s a couple versions, and to your point, they’re highlighting the generational problem that we’re facing.

It’s not the same as the boomers and other generations who are able to, let’s say, purchase a home and do things on a very low salary because the money had more purchasing power. Now, that’s not the case. And there’s other financial complications that exist now ever

Since, like, 2008 crash, and they have to print more and do more QE and all that. So I think that’s a great strategy. Like you said, highlighting the problem, the generational problem, and how getting people to think, oh, why is crypto, why is blockchain a solution?

And then we saw yesterday, bitwise launched their bitcoin spot ETF ad with the Dus Eckies guy. Yeah. I thought that was genius. It puts a familiar face, right? That’s the thing. It’s like, soon, like I said, last bull run, you had Kardashians talking about crypto. You had, I mean, anybody and

Everybody, I’m sure, maybe even mayweather. Like, it’s once people start seeing their favorite. Heck, I wouldn’t be surprised if we see Taylor Swift, if the chiefs somehow make it to the Super bowl or something. If she’s wearing a crypto Solana shirt, I have no idea.

But I wouldn’t put it past these people to market it in such a way that, where you can’t miss it. And so that’s what you have to be kind of out there for. And it’s funny, you talked about just, like, the generational difference.

I also saw someone post just, like, talking about real estate and how it’s such a great thing and how this real estate they bought that their parents had bought back in the 70s or 80s, how he passed it down. He owns this property, how much he’s making. I’m like, oh, man. Yeah.

For me, it’s like, I wish I was alive back then and I could have bought a home and had it. But it’s like me and my wife now, we make decent money, but because we’re self employed, it’s hard to get a mortgage with the hoops and everything you have to jump through

Or a lender to even want to lend. And even then, it’s like the rates are back up, and so it sucks, right? And so it’s definitely a different time that we’re in. That’s why I think something has to change. Like, we have to break the mold.

We have to start looking for better ways to help the young people be prosperous outside of. I remember reading the articles that, like, 60 something percent of people my age, millennials and whatnot, literally, if you ask them how they expect to get wealthy, they’re literally waiting for

Their upper parents and relatives to pass away and that money to trickle down to them. It’s like we don’t have that same mentality of, like, I could just go out here and grind and make this money. Yeah. And I think I sometimes talk to boomers and my

Family and older generation and what I noticed, and this is not anything to disrespect anybody, is just. And I didn’t notice before crypto how money actually worked and what took place when we came off the gold standard and how from when Nixon took us off the gold standard and

How that opened up capital and so forth. And it was great for like maybe three decades, two decades, right, so forth. And they benefited from that. But they don’t understand. They think that, oh, it was just we worked hard and so forth. No, you’re telling me the people in the 1920s

And when the Great Depression, they didn’t work hard? No, people don’t understand money and they don’t understand the system that we live in and the debt based system and how now it’s at its tail end of working properly. It’s not working properly anymore, and it’s getting even worse.

I mean, look at how much money was printed in the last Covid and right around that time. And that’s where I think a lot of people are expecting what is to come. With the printer being turned back on. It’s like, are they going to do that again? Right. Or even worse.

And it’s going to literally push us even further. Let’s say once you get a snowball and you start it small, it’s at the point now where I don’t really know if anything can stop it. We just got to see what it’s going to break when it reaches its destination.

Yeah, I sometimes think about that, but I try not to overthink it because I don’t want to get depressed. Yeah, because I think about it in the context of my daughter. What is her future going to look like? Is she going to experience hyperinflation?

Now, I think the saving grace of the United States is because the world’s reserved US dollar is the world’s reserve currency that helps in the currency wars and all that and the different things they can do. But man, it’s crazy when you think about it. But maybe they’ll have a solution,

Biden, maybe cbdcs are a solution. I don’t know. I mean, you would definitely think with the way the government works, right, with how the solution that they want, they will cause something. It almost seems they’ll break something to then push people to the solution they want.

So I do at some point, see, whenever this crisis comes and it happens, CBDCs are going to be seen as the savior to this not happening again. But it’ll just bring to those who were not prepared and were not looking, it’ll bring a lot of surveillance and a lot of scrutiny and a

Lot more control for the government on them. And I think for those who were prepared, maybe saw this coming. The goal and the hope, I guess, would be that you’re a little bit better off. But I know that it’s still not even a great way to look at it.

I feel like as communities, right, and as a nation, we should be trying to help everyone come up, but it’s crazy times. And like you said about your daughter, I think the same about my son. I want him to grow up in a world where he can enjoy the fruits of his labor

And doesn’t have to worry about things like hyperinflation or governments just kind of screwing him over. But as the generation coming up, that’s why I think people like us have a huge responsibility to teach because like you said, we’re not taught financial literacy. We’re not taught how the world and how

The government and how money really works. Honestly. We’re taught how to be a worker, be we were taught how to get a job, work nine to five and support the system instead of break out of the system and create your own life. And so I think we have to be the ones

To educate people on like, hey, this is what’s happening. Get prepared. Know, David, I’ve often tweeted about this and said this. If a common man actually understood what is happening to the currency and what the Federal Reserve has been doing, they wouldn’t be angry at Democrat Republicans.

They would be angry at the Fed if they truly understood what was happening, that their paycheck, the reason why it doesn’t have the same purchasing power while you’re losing savings, why the rich get richer is because they own assets and why those assets appreciate if they truly understand. It’s not Democrat.

That’s all facade for the most part because the Democrats, Republicans can’t change system. Yeah, I’ve had many conversations with my dad about that. I wouldn’t say like super far right wing, but he’s obviously very republican. And every time we have a conversation, he’ll talk about what

The left is doing and what the right is doing. And I always say the same thing. I’m like, do you realize that the left wing and the right wing are both controlled by the same brain? So find out what the brain is, and then you’ll start

To be able to pick apart what they’re trying to do. But yeah, it’s true. And that’s why right now the dollar is plummeting, right. We’re starting to see the dollar weaken on the charts and assets are starting to run up, run hot, run high.

I mean, that’s the only way to fight inflation, right. Is you have to be in assets that are going to make a difference in the future, which it’s not easy to do, especially when most, I would say 70, 80% of Americans, the reason why they’re not focused on

What is happening to their money and what’s happening on the big picture is because they’re so focused on just making it paycheck to paycheck. And that’s what we, I think as a society, we got to figure out a way to break that. Yeah. And that’s, know, when people ask me,

Hey, Tony, what are you doing? How are you making money and stuff? I’m like, let me explain how money works. I always start with, know, I said, before we get to crypto, what am I doing? Stocks first, understand why you need to not leave your

Money under the mattress or just in the bank account. Yes, you need to have emergency funds, like something happens. Yes, we all know that. But you’re not earning crap off of that. You need to diversify into assets, and in order to diversify into assets, whether it be stocks or crypto, and

Crypto gives you a higher return for the most part. You need to be financially educated about the system, how money works, market cycles, charts, human behavior and psychology. Right. I share with them the Wall street cheat sheet. Sometimes they’re like, what did you just say?

And I’m like, yeah, just take some time to read this. Trust me, everyone has to take their own time. Right. I used to be in a nine to five. I had a decent four hundred and one k. I was just on autopilot, just making money, putting money away.

And then when I left that job and I stepped out and I started taking more a deeper look at my own finances, I started to then understand how the markets worked. Obviously, I got sucked into the crypto bull market at the perfect time to get dumped on.

But even then, and even that, I think, is a lesson that every person has to learn to be like, it’s just a part of the way the markets work. At the end of the day, if you make it through that, I think if you can mentally make it through that, and you

Don’t just see it as like, oh, this is just a scam. I don’t want to be a part of this stuff anymore. You can then be prepared for when it happens again, and then you can profit from it for you and your family. Exactly.

And like you said, everybody has to go through that. I went through a bit of that in 2017 because I didn’t understand the market cycles. I just saw the number going up. I made a little bit of money, but I thought it was going to keep going up when the markets

Get to extreme greed, which I think we’re in greed right now, as far as crypto goes. I know, like you said, the stock market is putting in new all time highs. I definitely think this is a moment where you have to be cautious. Right. You may not be buying right now.

You’re either taking some profits slowly but surely, and you’re waiting. And if it does moon up more, continue to exit those positions, because there will always be a red day in the future to buy on. Like, just know those are coming. But I guess to end out, we can kind of talk.

Is there anything else in the crypto space that you’ve kind of been? I feel like in the top 100, this is how, you know, you’re kind of getting close to that blow off top, is you’re starting to see some of these cryptos come out of nowhere and rocket to the top.

I remember last cycle, for me, that was Salana, but I didn’t actually buy it. I remember seeing it at like $10, $15, $30, $70, and I kept saying, nah, it’s too hot, it’s too hot. Obviously, it ran all lift, like 280 or something, but Tia is one you got, render is another.

I’ve seen there’s a lot of cryptos out here. Is there anything new that’s caught your eye, or are you still just kind of staying true to the XRP, the bitcoin, the Ethereum? So in November and December 2022, I had my strategy since the beginning of 2022 where

I’m like, okay, I’m following different analysts. I’m looking at the charts, and this is where the education comes in, right? I’m like, okay, based on what? These different models, fibonacci, whatever you want to call it, different trend lines. The bottom is going to be in this range. It was at that range.

I don’t know the exact day, of course, but I’m looking at a three month range. I’m going to buy some tokens. I think AI is going to be a theme, and the ETF is going to be a theme for the next bull market. So I bought render, I bought fetch AI.

What was the other one? I bought. They’re all up now because I bought them dirt cheap. So I’ve been playing around with some AI tokens. I took some profits on fetch AI render. I think I’m going to take some profits. I was waiting for the all coin market cap to move up

A bit because I think bitcoin might have another leg up. Even if it trades a little sideways and up, that still gives time for altcoins to still move. I’m waiting for render to maybe make another move like injective, which is another big one that made a pump.

It’s kind of been following that and it just kind of broke out. So I still have yet to sell my render as well. But that is another one that I’m like. I definitely have my eyes set on. Yeah. So I’m up significantly. I could sell right now, walking with a nice profit.

But yeah, look, I’m personally looking at AI themed tokens. I think the narrative is going to be there. There’s usually a narrative behind these things. Obviously the ETF is going to be a big one for bitcoin and eth, I think, because we saw some

Filing for the spot ETF and I’m trying to think what was the other thing I was looking at gaming. I don’t have any gaming tokens, but I am starting to research a bit. So this is where even if somebody tweets something, I’m not, oh, I’m going to go buy this.

It needs to be a concept in my mind that I understand. So I’m looking at that. Yeah, I did hold some pyr, which was a token that I should have held. It definitely took off, but I sold it for another coin that was pumping at that time.

So I don’t hold any gaming tokens either. One of them, alluvium, I think, was one that I saw some threads that it’s working with Epic games. And so you are going to have some of these gaming tokens that will possibly moon based off of the partnerships and who they’re working with and

Who they kind of have behind the scenes. I’m still interested to see. And I think the next bull run there is still going to be obviously the DFI theme that I’m trying to capitalize on. And so I’m definitely starting to buy a few Dex tokens that are leading some of

These layer twos on Ethereum, some of the other layer ones that are competing against Ethereum. I don’t think we mentioned this yet, but like Salana for the first time flipped Ethereum and fees earned for a 24 hours period. Also, I think NFTs, so you’re going to

Start to see a lot of this volume and decentralized exchanges, NFT marketplaces, their tokens. Those are going to be some winners as well. So I’m definitely doing my research there, trying to find some smart people, like you said, who are giving you some good thesis as to where the

Bottoms are and where some potential tops could be. So I’m excited about some of those because I think also base and optimism. Some of those layer twos, they have yet to really have their bull market. So I’m excited for some of those. Yeah, man.

One part of me is hoping that some of these people are saying all time highs in 2024 that they’re right. Maybe the ETF narrative is that strong liquidity is coming back and all that, the Fed news as well. But then if not, look, 2025, I’m thinking, yeah, I just

Think as long as we don’t get a black swan event, yes, it could be a literal sell the news. Maybe there’s a lot of fake volume, false volume that’s propping up the market and propping up some of these tokens and maybe that is the black swan event. It’s like something comes out.

They’re like, hey, this wasn’t real and the market goes down. But as long as we don’t see any crazy black swan and bitcoin can stay steady and continue moving into the having, I don’t think there’s any reason why 2024 couldn’t be one of the biggest years that we’ve seen since 2021.

But if there is, I think 2025, 2026, if you’ve been buying the past couple of years, you’re still going to be in profit as long as you’re buying solid things that make it through. Yeah, man. I’m hoping just even from a macro standpoint, we are headed into better times

Right after the tightening cycle. 2022 was rough. Beginning of this year was rough. You had the bank collapses. Although the Fed stepped in that we’re back into a next macro bull market and it’s better times. You know what I mean? Oh, yeah. I definitely think it’s coming.

And I’m sure, like I said, I hope that every time we get together and we do these shows that it’s at least continuing in the right direction. Because like I said, I don’t see how we don’t have some bullish movement with so many of the things yet to happen.

Like I said, and we’ve mentioned so many of them today for sure. All right, David, I think that’s a wrap. Thanks, everybody, for listening. Check out the next block. YouTube channel. Links will be in the description. Go subscribe. Make sure you hit the thumbs up button. Leave a comment.

Thank you guys for watching and listening. See you, everybody. Eight.