Crypto Clarity Act Chances DROP. Big dates for Crypto coming up.

Hinzugefügt: 2026-06-08

[00:00:04]All right, people. All right, Zabbec, I haven't really read too much about ZBC. I mean, if you're talking about like using as a c like as a bridge for crossborder, I don't think it's going to get used. I I mean, XRP and XLM have not really been successful at being the crossborder coin. So, I still think like I I still think for most coins, pretty much for all coins.

[00:00:38]Like, you're going to have to have your own ecosystem.

[00:00:43]Iran is using Bitcoin to get around sanctions. So, I don't actually know if that's a good thing, honestly, because that actually might turn a lot of politicians against Bitcoin. Yeah, I wouldn't trust Iran either. Look, you don't you don't really want your coin to be something that they use to get around sanctions because that turn that would turn a lot of American politicians against Bitcoin and they could vote against it. That's not something you want. You want Bitcoin to be used for legal purposes. You don't really want Bitcoin to be used for illegal purposes.

[00:01:21]Seem undefeated.

[00:01:23]I mean, it could, but if you but if they tighten the clamps on like Bitcoin usage, it's going to hurt Bitcoin.

[00:01:31]Like, you do realize like like skirting like using something if you use something to skirt around sanctions, that's not a flex for the coin. That's actually a downside for the coin because like if the coin promotes or allows illegal activity, then they're going to try they're going to try suppressing it in the United States or worldwide. And that has a much more negative effect on Bitcoin than like Iran using it to get around sanctions because that's really not going to increase the price of the coin.

[00:02:01]Yeah. The the you you can't you might not be able to hurt the main chain, but they can like basically ban mining in the United States and that would kill its hash rate.

[00:02:15]The market's not being suppressed. Look, look, people need to stop thinking that the crypto market's being suppressed.

[00:02:20]It's not being suppressed.

[00:02:23]People just are not interested in crypto. Like I think a lot of people that are super pro Bitcoin find it hard to believe that like people are not just not invested. Like retail investors are just not interested in buying right now.

[00:02:36]Like the only people that are buying are like Michael Sailor. Like retail's really not interested.

[00:02:45]Yeah. They're moving towards AI and they're moving towards prediction markets. So, like, stop saying the market's being suppressed. It's not being suppressed. It's at the price it is right now only because Michael Sailor keeps buying. Basically, if Michael Sailor wasn't buying then like we'd be way lower that set off I actually don't think that sets off Elizabeth Warren. What like Elizabeth Warren doesn't like like companies and corporations gathering a lot of like concentrating a lot of wealth. I don't think she's as concerned about the sanctioned stuff.

[00:03:23]Would you buy crypto right now? I would still wait. I think we're going lower.

[00:03:29]Trump isn't supp Look, Trump isn't suppressing the market. It's just that his policy decisions are stupid. That's the problem. Like, he's not suppressing the market on purpose. He has a lot of money invested in crypto. His It's just that his policies are dumb. And yeah, that is affecting crypto.

[00:03:48]The dollar isn't going to be backed by Bitcoin. Could you guys please like understand economics a little bit better before you like say this stuff? I mean, this is seriously like the dollar is not going to be backed by Bitcoin.

[00:04:01]And the dollar didn't need saving. He's not doing the dollar any favors.

[00:04:08]It's not going to be called the Bit Dollar. Look, Trump is not like Trump is not doing Bitcoin or the dollar any good. Basically, killing other people like killing others trilling other countries trust in the United States is bad for is bad for the dollar.

[00:04:26]You think AV like and Trump's policies have been disastrous for Bitcoin.

[00:04:32]He's not going to buy 25% of the Bitcoin supply. Look at the actual policies first. Stop making random up.

[00:04:41]Like Trump's policies have been awful.

[00:04:45]Absolutely awful for the crypto market.

[00:04:47]Like his macroeconomic policies have absolutely been awful. And the Clarity Act doesn't really seem like it's going to pass. Like the the the one guy said it's at about 60%. I think it's way less than 60%. The legislative timeline like the legislative timeline is not like does not favor us.

[00:05:06]The the only thing Trump has done is like the only thing Trump has really done is grift his followers with crypto.

[00:05:14]The Clarity Act doesn't affect Bitcoin because Bitcoin already has Clarity. The main thing that's holding the Clarity Act up is the is is the uh staking thing, but Trump has not been good for crypto. Like he's actually been quite bad for crypto.

[00:05:28]The stock market is being head up like held up by some Fed funding the Fed printing obviously and also by AI. But that doesn't have quite the effect on crypto. Yeah, I'm feeling fine.

[00:05:40]STRC.

[00:05:43]Yes. 95 all co 95% of all coins are useless anyways.

[00:05:51]Like 95% of all coins are completely useless.

[00:05:57]So yeah, they'll probably fail.

[00:06:03]But Bitcoin has was 35k before ETS.

[00:06:09]H bar will survive because the council is run by like big corporations.

[00:06:14]But whether it'll increase in price that much is another question altogether. I don't think the industrial utility actually affects the price that much. I think you need DeFi and onchain development and H bar is not aiming that way. It's better than most other coins because they have so much financial support from big companies.

[00:06:29]I'm not really buying anything. Look, I wouldn't buy Cardono right now because Charles is like frustrated. A and and the thing is like the community doesn't see eye to eye with him and they have the power right now and like his leadership's been trash.

[00:06:45]Like Charles's leadership has been trashed for like years now. Hideera got all the bug hitter big hitters. They might have all the big hitters, but they don't have DeFi and they don't have an ecosystem, so it might not matter.

[00:06:59]We can linger at 6070 for months, then final drop. Dude, I think we're going to drop through in the next couple of weeks, man. I definitely think we're going to drop through the next couple of weeks. I don't think we're going to linger at 6070 for months. I 100% think we're going to drop through.

[00:07:24]Cardano in holders are hurting bad since last cycle. Yeah, because we only went up to like a$130 during the cycle.

[00:07:30]That's the issue. We legit only went up to A$130 during the cycle.

[00:07:36]I think it'll probably be Monday. I mean, like, I don't even know what's going to happen Monday. It depends on how the stock market does because Bitcoin tends to follow the stock market a lot. We lingered at 6K for months.

[00:07:47]This might be the same just 10x. It could be, but we've already lingered like for several months like in the 7080 like in the 6070 80 region. Like we haven't had a severe drop since February. So I think we're done lingering on the 15th maybe. Then we drop. I don't think the Japanese thing is really going to affect it all that much. I do however think like you know not getting any rate cuts is going to affect it this summer.

[00:08:13]Yeah. That's because tech stocks are making all-time highs because of AI.

[00:08:19]That's the only reason that tech stocks are making like all-time highs. It's because of AI.

[00:08:27]Not uh of course, but you can get 1k Cardano for less than $200.

[00:08:33]Why would I want Cardano right now? Like I I don't like I don't see Cardano as one of the better coins at this point because like I said, Charles's leadership has been trash.

[00:08:44]And the thing is like the community is kind of like revoling against him. He's frustrated. Like I don't understand why the community voted to send the people to token 2049. I thought that was useless. I like I mean I thought it would be better for them to hold the Cardano summit than send a bunch of people to token 2049. That that didn't make any sense to me at all.

[00:09:03]I don't think any of these alts are a good buy right now. I think we should like wait for a while. I don't think 60k is the bottom.

[00:09:10]Coinbase mortgage program. Wait, are you are they collateralizing crypto for mortgage? I would not do that because like your your collateral can easily drop in value.

[00:09:22]The the problem is yeah, Cardano is not really an ecosystem. That's part of the issue. It's not an it's not an actual ecosystem.

[00:09:36]Isn't where it's at. It will get flipped by better projects. I mean, it's a look, I'm still at with Hyperlquid and Bitcoin. Bitcoin will be collateralized only Coinbase for a mortgage. Bitcoin's better than the other coins obviously, but you can see the price of Bitcoin drop 50%. So, I would not collateralize my house with Bitcoin cuz like if the value of my collateral drops 50%, I'm kind of screwed.

[00:10:00]It will like obviously it'll allow you to like buy bigger houses when Bitcoin's really expensive, but you'll just kind of be screwed when it drops.

[00:10:11]Isn't attached to the value of Bitcoin, which makes it safer. Wait, how are more like how much do you have to overcolateralize if that's the case?

[00:10:20]Because if I was a mortgage company, I would not let you collateralize your mortgage with Bitcoin if it's not tagged to the price because that's a huge loss for me.

[00:10:30]lo market share pluses future dilution is so high. It's not so Cardano's future dilution is actually not that high. It's just the fact that like they don't have a DeFi system. They legit do not have a DeFi system. You have to overcolateralize twice the amount. Yeah, I would just rather collateralize with cash.

[00:10:48]I would absolutely rather collateralize with cash because I have to collateralize with twice the amount. Like what the hell, man?

[00:11:01]I b that's basically like saying I have to pay twice the amount.

[00:11:06]Like why would I do that? I could just like sell half the Bitcoin and collateralize with half that amount. I think that's a lot more I do actually think that's a lot more uh let's say like practical, but you are locked in and will never lose that Bitcoin unless you miss payments.

[00:11:27]Yeah, but that's not the point. I have to collateralize for twice the amount.

[00:11:31]It's the same thing. I can collateralize for half the amount of cash and I won't lo like I I won't lose it unless I unless I miss payments.

[00:11:40]I mean, yeah, it's good that there's actually insurance against it dropping.

[00:11:45]I agree with that. But you have to collateralize for 2x the amount, man.

[00:11:48]Come on.

[00:11:50]It's like if your down payment like if your down payment's like, you know, $200,000, I have to collateralize $400,000 worth of Bitcoin. There's no way in hell I'm going to do that. I just I'd much rather just collateral. I I just much rather use $200,000 worth of cash.

[00:12:08]I'm down 650 in my portfolio. So, I basically just bought back everything. I see.

[00:12:19]Yeah, like 18%'s not bad at all for like it's it's more diluted. Thanks for the donation, by the way. It's way more diluted.

[00:12:29]In the future, it'll be one one.

[00:12:32]I don't believe that. If I were a mortgage company, I would not take one.

[00:12:37]I would absolutely not take one. No. No way.

[00:12:42]Absolutely not. There's too much of a risk. there's way too much of a risk of Bitcoin dropping because like generally once Bitcoin peaks it it's like lower for like the next two and a half years.

[00:13:01]So I I think it's too like you're I think you're always going to have to overcolateralize for for a crypto investment because it's too volatile to get people into housing market at least maybe. But it just makes your down payment a lot bigger except it's in Bitcoin. It's in Bitcoin.

[00:13:23]I mean I actually think it's dangerous because like that basically means that that makes people think they can actually afford a bigger house than they actually can.

[00:13:31]It is. But like I I do think like because Bitcoin price fluctuates so much, if you collateralize the top of the value, it makes you think you can afford a much bigger house than you actually can. That's the issue.

[00:13:43]Cuz let's say you buy a $500,000 house and you put like$100,000 down. Well, you have to collateral you have to collateralize like 200,000. But since Bitcoin's over twice its value, you might actually think you can buy a bigger house than you actually can. So, I don't know, man. I would just rather collateralize and cash out. Can young people get into the housing market realistically?

[00:14:01]They can sell their Bitcoin and then use the money to and then use the money to do a down payment. The thing is if you can collateralize if you can collateralize 200% in Bitcoin, you can just sell half that Bitcoin, get the cash and then make the down payment that way. Like if you have enough to collateralize in Bitcoin, you have enough to pay the down payment in cash because you can always convert between the two. It's not like you can't sell.

[00:14:32]The thing is, if you don't have any money, you probably don't have any Bitcoin cuz how the hell are you going to get Bitcoin without money?

[00:14:42]So, like I I'm sure some people will take advantage of it. I wouldn't do it because I have to collateralize 2x. If it was one to one, I would definitely consider it. But if I was a mortgage company, I would never take one. Cuz like if I was a mortgage company, I really wanted Bitcoin. Why would I just why wouldn't I just take the cash and buy the Bitcoin myself?

[00:15:07]I would not buy the ET unless Sunny Lou changes his direction. I've kind of given up on it because remember like you as an individual, you just you as an individual, you just have a big pool of assets more or less.

[00:15:28]You legit just have a big pool of assets. Algo is quantum computing proof, but why does no one care? I think quantum is this like vague threat like far off in the future. I don't think people actually see it as like a threat, right? Like a big threat right now. It's like this vague threat in the future somewhere, but not not so much right now.

[00:15:49]I I think look I think quantum is at least like five six years away if not longer because like they has they still have to make quant like u like general purpose quantum computers and I definitely think those are quite a bit of ways away not like right now I think those are quite a bit of ways away.

[00:16:18]So that's why I don't think quantum computing really um impresses people.

[00:16:23]The new marketing team, it needs a new marketing team. It needs to get more people to use their chain. Needs more DeFi. Like basically it needs more activity.

[00:16:35]I mean there are a lot of people that use Hyperlid.

[00:16:41]Like there's a lot of people that use like Hyperlid, Salana, even Tron.

[00:16:46]So like you need to catch up in terms of activity.

[00:16:51]Oh, by the way, uh on the title, we mentioned this before. So like Clarity Act has only a 60% chance of passing.

[00:16:58]The head of Galaxy Research, Alex Thorne, has reduced his estimate of the likelihood that the f infamous Clarity Act will pass in 2026 from 75% to now just 60%. He cites a tightening of the US Senate's legislative calendar as the main reason. This is not looking good.

[00:17:17]So, I actually think it's way less than 60 because the legislative session is just not that long. Unfortunately, at this point, Craig Wright was right about Crypto was attacked for stealing Bitcoin to digital cash. Clarity BSV may pump. Dude, Craig Wright's garbage. He's not Satoshi. Like, they've given him multiple chances to prove he's Satoshi and he's not.

[00:17:39]He's like kind of demented and he's basically like Calvin basically like supported him because of the because of like what could have been a massive payoff, but they haven't been able to crack like the Genesis. They haven't been able to crack the Genesis wallet because they don't own the Genesis wallet. Like I'm sure they're trying to crack it every day, but like they haven't been able to crack it at all.

[00:18:06]Maybe they're waiting for Quantum so they can crack the the Satoshi wallets.

[00:18:09]All he did was pro uh all he did was put forth a list of public addresses that were Satoshi's, but everyone knows those addresses. So that's not really proof. Do you think Hype and Soul could go down $20 again if BTC goes to 50K?

[00:18:30]Yeah, I I don't know if hype will go down to 20 bucks, but I mean 50k is like only 10k away. So I don't think so will go down to 20 bucks. Maybe like 40.

[00:18:41]But if we go down to like 40 30k, could it possibly hit like 30 20 bucks? Maybe.

[00:18:48]Craig Wright isn't worth 50 billion. You know why? Because he doesn't own the Bitcoin. He doesn't own Satoshi's Bitcoin.

[00:18:57]because he's not. Once again, he's not Satoshi Nakamoto.

[00:19:01]Hype will actually go down if the rest of the market goes down. Obviously, I bought all my hype at 44. I mean, you might want to take a little bit of profit right now if you bought all your hype at 44 cuz like there's I mean, you're still pretty far in the profit.

[00:19:18]I'm not in I haven't been in V for a while. Like Sunny kind of like lost my confidence because he keeps on pushing for this logistics stuff which is cool but it's not DeFi.

[00:19:30]I'm pretty sure it's false. I think Google basically counts like Sat like his bit Satoshi's Bitcoin as his which it's not.

[00:19:40]Yeah, it's like hype is 56 right now. So I mean taking a little bit of profit wouldn't be like horrible.

[00:19:47]68 and and put the profit into Bitcoin.

[00:19:49]Nice. Nice.

[00:19:52]I think it went up to like 73, but you're not going to get it exact.

[00:19:57]You're definitely not going to get it exact, but I think it went up to like se all the way up to 73.

[00:20:09]I can't You can't prove a negative. I don't have access to his wallet. That should be enough. If you're Satoshi Nakamoto, you should have access to the wallet. I don't have access to it.

[00:20:20]The thing is like like you can't tell people to prove a negative. You you're the one that has to prove the positive.

[00:20:24]If you claim you're Satoshi Nakamoto, you actually have to prove you're Satoshi Nakamoto. You can't be like you can't go to other people like you can't prove I'm not Satoshi Nakamoto.

[00:20:33]Like I can't pro like you know I can say like you know like I'm God's avatar on earth. Prove that I'm not.

[00:20:43]It's just that God didn't give me all his godly powers. But that would be I mean that's not true obviously. But how the hell are you going to prove it's not true?

[00:20:57]That's the thing. Like that's a stupid argument. Like they like Craig Rice saying like you can't prove I'm not Satoshi. That's a dumb argument.

[00:21:11]I mean, he did resurrect from the dead.

[00:21:13]That's most that's something that most people can't do.

[00:21:18]I mean, obviously you have to have faith and you have to believe in it, obviously. Uh, sounds like my homeless buddy telling me he owns a mansion in Manhattan.

[00:21:27]I mean, you can prove that false, though. Like, cuz if he doesn't have the keys to any mansions, he doesn't own a mansion, obviously. But there's some things that you just really can't prove, you know? Really a lot of things you really can't prove.

[00:21:41]Learned my lesson from last to take a profit at intervals and put it into Bitcoin. Yeah, probably the best plan you got right now. Unfortunately, these altcoins just not like these altcoins are just not cutting it.

[00:21:52]Unfortunately, the altcoins are really not cutting it.

[00:22:28]But yeah, like if you're talking about altcoins, hype is probably still number one for me for sure. Hype is definitely number one for me.

[00:22:42]And then like you know the others come like way afterwards.

[00:22:54]The other the others do come way afterwards.

[00:23:07]Like any I think any L1 that doesn't have DeFi, that doesn't have a strong ecosystem, is really not worth your attention at this point. They absolutely need to have a strong ecosystem to be worth your attention.

[00:23:21]But yeah, I don't think the Clarity Act even has 60. I would actually be pretty surprised. I would honestly be really surprised if the Clarity Act passed at all. The crypto rug puller with an X tag of at29 is one of the sickest persons I've ever heard of. Posting memes about children with cancer and then rugs the coin and makes fun of the kids. That's really messed up. Yes. Would you buy MSTR instead of hype and soul?

[00:23:43]Absolutely not.

[00:23:48]I don't like MSTR. Like MSTR doesn't like MSTR doesn't have any operational profit. Like everything's on paper and they have operational costs. So, I am like not I'm just not convinced on MSTR.

[00:24:06]Not a not a huge huge fan of MSTR.

[00:24:38]like micro strategy like I I I think like I would rather buy Coinbase or almost any other crypto company uh uh besides MSTR. are I mean the big day coming up for the big day coming up for crypto is like May 16th or so because that's the next Fed FOMC meeting and I think a lot of the crypto bros are hoping for a rate cut. I personally don't see the rate cut coming. But a lot of the bros are hoping for the rate cut strategy sitting sitting at 120. I'm dev thinking at least putting 500 down for a possible four to 5x maybe.

[00:25:23]It's not that I'm married to my coin. I just don't like it. I don't like MSTR's structure.

[00:25:29]Like MSTR actually has a lot of financial obligations and they have no operating income.

[00:25:36]It's crazy how Trump screwed everybody besides the inner circle. I mean, that's kind of expected for him, though. If you've been paying attention to like how he operates, it's that's totally expected for him.

[00:25:49]That's like classic Trump right there.

[00:25:52]Yeah. I I don't think the rewards justify the risk for strategy.

[00:25:57]Like Michael Sailor says his liquidation points at like 8,000 or something. We have no idea what his actual liquidation point is. Like realistically, we have no idea what Michael Sailor's actual liquidation point is. He just says it's like 8,000.

[00:26:29]I bet it's around 13K. It could be. It could be. I mean, it could be that. It could be higher than that, you know, like he could be pretty close to it right now. Who knows? And that's just the problem. We don't know. That's just problem. We No one knows. That's the issue. If we knew, it wouldn't be that.

[00:26:46]If we actually knew, it wouldn't really be that much of a problem. But the problem is we don't know.

[00:26:54]Like, we don't know at all about buying a bunch of H bar seven cents under the theory that it will at least 20 cents. I think going to at least 20 in the next bull run is probably a good bet, but I think there are other coins that will do better. I mean, 7 to 20 is about 3x from bottom to top, a little less. You make easy when BTS to go into and MSTR goes for up. Uh, I'll go after not necessarily. Alts kind of follow BTC.

[00:27:26]I went like two days ago, so I'm probably going to go after this.

[00:27:32]I just don't think MSTR justifies the risk.

[00:27:36]You don't really know when Bitcoin's going to bottom. You don't know what his like. You don't really know what his cash situation is. You know that he has a lot of obligations and zero operating income. So, I would rather buy any alt than MSTR. I would rather buy any of the big alts than MSTR cuz like a company with financial obligations and like zero operating income is not one I want to invest in. That just that's not a healthy balance. like finan like $100 million a month of financial obligations in terms of dividends and like zero operating income. Like what the hell, man? Like seriously, that is uh that is not like to me that's just not a healthy company. That's absolutely not a healthy company.

[00:28:25]If it was, you know, I could change my mind, but it's not.

[00:28:44]I think I did sell it early though, but it was truly it was Ono. That was my worst altcoin last year. Ono had a lot of hype last year. So, if you bought at the peak of the hype, yeah, you probably did lose a lot.

[00:28:57]But, you know, that's that's what happens, man. That's what happens.

[00:29:04]That's really what happens.

[00:29:13]MSTR can also increase the float at any time and dilute their shares. They do that all the time.

[00:29:20]like they raise money for extra shares and like the shareholders get pissed off at him all the time because like I think originally he promised he wouldn't dilute the shares but then he needed more money to buy Bitcoin so he diluted the shares so I was like yeah screw that ain't going for that crap man not going for that crap at all boy hypedo rightfully though.

[00:29:53]I mean, did have like a pump, but then it just came back down cuz I mean, like, what we discovered is like RWA, like a lot of the other use cases, doesn't actually require the coin. It's all about the uh RWA seems to be all about the blockchain technology itself. It's not about the coin.

[00:30:12]Like, you know, they trick us all the time into this stuff. like we believe that like you know this is going to make the coin big or that's going to make the coin big but it doesn't. It really doesn't.

[00:30:24]We got to look more carefully now on how the coin actually goes up when you get use case because a lot of times like you the coin does not go up when you get a use case and then like they they get all excited about oh look you got a use case and it's like yeah so like what what's with my investment? Why isn't it going up? You know, truly selected by Black Rockck is in good hands.

[00:30:51]I I think we need to stop like being so wowed by like big companies and corporations cuz that does not that does not actually mean the coin is going up.

[00:31:00]What's going on with Clarity Act? Um the chance of dropping it seems to have passed because it seems to have been been lowered because the legislative session is very much limited in time.

[00:31:11]I don't even like the guy says he's dropped the chance of it passing from 75 to 60. I think it's way below 60 because I don't know if they're just going to get to around to it because like they have to get all both chambers of Congress and the president to sign it and like I don't think the House is going to agree without an ethics bill or Senate's not going to agree without an e ethics amendment and Trump is not going to agree to that below its previous low from the last bare market. Cardano like I like Cardano doesn't really have good leadership. It hasn't had good leadership in a long time. Like they they like uh the the community essentially voted to cancel the Cardano summit and they're not willing to fund a lot of stuff and there's nothing in with the ecosystem.

[00:31:56]So like I mean Cardano doesn't really have a way to like Cardano does not actually have a way to increase the price. That's the issue. And people are realizing that. People are 100% realizing that.

[00:32:11]Not that that's like that much of a surprise honestly, but still.

[00:32:17]Worth a damn and no liquidity. Exactly.

[00:32:19]No DeFi. Worth a damn and no liquidity.

[00:32:22]Absolutely.

[00:32:24]But the price continues to drop.

[00:32:37]I mean, it's not really that surprising though if you really think about it.

[00:32:40]Like, it's it's really really not that surprising.

[00:32:56]You're right about Canton. It's still the same price. Well, they have some kind of a launch in July and then like a hard launch in October or November. So, by the end of this year, we'll know for sure. Like, barring like there's like actually a bull market at the end of this year. We'll see if it actually comes up or not. I mean, Bitcoin has a pretty big resistance at 60K right now.

[00:33:15]I can tell that. I think it's going to go I think it's going to dump through, but we can tell that it has a pretty big resistance at 60K.

[00:33:24]Pay themselves a fee for everyone using their tech. You know, we don't really know if the foundation or the company or whatever. We actually don't know if the foundation company slashw whatever is actually like getting paid or not.

[00:33:39]We we really don't know. We just know that we're not getting paid. And that's a problem because, you know, we're not actually getting paid.

[00:33:48]I'm waiting for H wait H bar to hit 1 cent or two cent.

[00:33:54]I don't know if it's going to hit that low. I mean, it's what still like 5, six right now? Seven. Bad as things were yesterday. It's likely only the beginning of a I agree with you. I think it is the only the beginning of a longer downtrend, which sucks for me because I need a bull market so people will actually donate and start trading on my affiliate links, but I can't tell people to buy right now because I don't think it's going to go up.

[00:34:16]Like, I think we're pretty far from the bottom. I mean, I guess you could short, but I would also say like I wouldn't really short because I don't really like futures is just, you know, futures margins. That's a That's a risky game.

[00:34:28]I don't think 60K is a great buy. If you want to if you're DCAing, 60K is not bad, but if you're looking for the lowest price to buy in, I don't think 60K is a good buy.

[00:34:39]H Bar still has like some hype. Like the the frustrating thing with HAR is they have the they have the ability to do a lot of DeFi. They just don't. like their technology, their scaling is is great, but they're just not working on it, you know?

[00:34:58]Some coins are even lower now. Yeah.

[00:35:01]Yeah. Is straight up gambling by spot.

[00:35:05]Well, margin and futures like unless you have like inside information, it's really hard to win in crypto. It's so volatile. I mean, you can like I I guess like low leverage low leverage is fine, like you know, two to 3x, but if you're doing like 10x or more, it is gambling.

[00:35:21]Like if you're leveraging 2x on Bitcoin, I think is okay.

[00:35:25]But like if you're doing like 10 20x on anything, it's like gambling. Uh trying to time the markets is really bad.

[00:35:32]Generally, yes. Trying to time the markets is a really good strategy. I think the Clarity Act will have a decent effect in the long run. I don't think in the short run it's going to matter all that much.

[00:35:43]That's my opinion. I I I highly doubt it's going to matter all that much in the short term. the Fibonacci retracement.

[00:35:52]H bar only cares about enterprise adoption. They don't pay attention to how retail uses the network. Yeah. And that's my problem with H bar because if you don't pay attention to how retail uses the network, then like it's just hard to get price up that much because I mean if you look at the ETFs for these like for these smaller coins, they're not drawing that much money. So if you're hoping that the ETFs pump these coins up, it's probably not going to happen.

[00:36:34]Like it's legitimately not going to happen.

[00:36:41]think Michael Sailor will be this cycle's FTX moment if Bitcoin tanks below 40K.

[00:36:48]It might be, man. Like I said, he says his liquidation point is like around 8K or something. I don't think I really believe that.

[00:36:56]I don't think his liquidation point's actually like 8K or something like that.

[00:37:07]Is Bitcoin drawing more attention now from retail? Is the interest up?

[00:37:14]No. Uh, retail interest is still very, very low.

[00:37:20]Retail interest is incredibly low.

[00:37:34]Some people are speculating we see 15k BTC. I can't see that without a COVID type scenario.

[00:37:41]I don't think we'll get down to 15K, but like 40K I think is very possible.

[00:37:47]I wouldn't like I'm not going to bet on anything below 50, but like I do think 40 is pretty possible. So, I would definitely watch for like prices like that.

[00:38:00]Rate cut chances went even lower with a good jobs report. There's zero chance for There is absolutely zero chance for a rate cut.

[00:38:10]There is like zero chance for a rate cut. Sailor is uh ticking black swan event. At any moment, he can be liquidated.

[00:38:17]Unfortunately, that is true.

[00:38:20]We don't really know what his actual liquidation point is. We don't How long before we see 40? Do you still think I think like October, like around October is probably when we're going to bottom.

[00:38:30]Yes.

[00:38:36]Like if you take the ratio like from top to top and bottom to bottom like technically it would be like technically it would actually be around like I would say like 28k or so. I don't think we're going that low though cuz remember like last time the top was what like 60 uh 69 and then the bottom was 15. So like this time the top was 126 which is less than half. So the top would al the bottom would also be less than half. I don't think we're going that low, but 40 is definitely a possibility. Like 40 is 10k above double.

[00:39:10]So like if you if you take to like the cycle metrics, 40 isn't actually that low. A lot of people think 40 is like super low. 40 is actually not that low.

[00:39:22]October 12th is the 52nd week since Bitcoin's high. 52 weeks is generally the bare market duration.

[00:39:31]Yeah, but remember but like the thing is we don't like one well 52 weeks is a year. So like one year is generally the bare market duration, but you have to remember after the one-year duration, we don't really come up for like another year. We honestly do not come up for like another year.

[00:39:51]He lied about never selling. Yeah, he sold 32 Bitcoin. It's not I mean honestly it's not a big deal. It's not like a huge deal, but people are going to make it a big deal.

[00:40:08]And and the reason people are going to make it a big deal uh yeah the reason people are going to make it a big deal is because like you know it's it's a confidence thing. People are no longer confident that he's not going to sell because he sold.

[00:40:33]It's very very symbolic. I mean 32 Bitcoin doesn't actually affect price in any way, shape or form.

[00:40:38]Like everyone should recognize that 32K like 32 Bitcoin does not affect anything in any way, shape or form.

[00:40:48]But it's the fact that he said he would never sell. He also moved like 300 Bitcoin to another exchange. 300 Bitcoin will also not affect price in any way, shape or form. Okay, it will not.

[00:41:00]But it is symbolic.

[00:41:03]It is symbolic.

[00:41:07]Absolutely symbolic.

[00:41:22]It's like expectations of inflation until it takes effect, it's a threat.

[00:41:27]Well, I mean, if he has to liquidate large amounts, we're screwed. I don't I don't think anyone's going to debate that. Like everyone knows that if he has to liquidate large amounts, uh, we're we're we're kind of screwed.

[00:41:55]Signals that he's going to sell BTC to pay dividends and other expenses.

[00:42:16]Yeah, I mean he has like what 100 100 million each month of dividends to pay right now. So obviously I mean I mean if you got to pay $100 million worth of dividends each month you're you're obviously going to sell.

[00:42:32]There's there's no question about that.

[00:42:34]Absolutely no question whatsoever about that.

[00:42:53]Most retail MSTR holders don't even hold the preferred shares. They don't even collect dividends. Yeah, but right now, like, he's selling STRC in order to raise money. That's the difference. He's he's he's legit selling STRC to raise money. 1 million in 2039.

[00:43:10]I I I don't think you can uh I don't think you can predict that far out cuz originally it was 1 million in 2030.

[00:43:22]That is obviously not going to work.

[00:43:33]So like now they're pushing it back.

[00:43:35]Like there's a law of diminishing returns. It's going to take several cycles to get to a million if it even gets there. And there's going to be problems with the mining.

[00:43:44]There's going to be escalation of the war. Like Trump always wants to give the impression that there's about to be a peace treaty. There's not. This is like the ninth time he says we're we're like working on a deal. I I'm pretty sure he's just negotiating with himself at this point.

[00:43:59]Iran's really really not even listening because they don't really trust him. And who would trust him anyways at this point?

[00:44:07]Got to be kind of dumb to trust him at this point.

[00:44:14]So like there's like I I think they're going to start shooting again soon. Like all these memorandums and understanding, ceasefires, peace deals, they're just not working out. They're absolutely not working out.

[00:44:27]650 gas in July. God, I hope not. It's come down a little bit. It's like 3 It's like 379 now. Slightly better. It's still not like It's still definitely bad, but it's slightly better now.

[00:45:03]Yeah, it's like slightly better now.

[00:45:09]But slightly better is only just that.

[00:45:11]Slightly better. It's not great. Much much less than great.

[00:45:29]It's the calm before the storm. I'm thinking two more weeks we'll be hiking gas prices again. It's going to go I'm pretty sure gas prices are going to go back up. It's I think it's already above 90, right? Like they got it down to like 80 something. But then now I think like people have realized again that like it's Yeah, it's 90.25. Well, like people have realized again there's no actual peace deal. So like he's just kind of like Trump is just delaying the inevitable. Like he obviously doesn't have an offer they're going to accept and he's not going to accept what they want.

[00:46:04]Like he's obviously not going to accept their conditions. They're not going to accept his conditions. So we're going to go back to a shooting war very very soon.

[00:46:17]I would say like next week. I don't know if we're going to deploy troops on the ground because that's like exceedingly unpopular to deploy troops on the ground, right?

[00:46:29]So, I don't know if we're going to do that.

[00:46:33]Lebanon and Hisbala are having a fallout. I mean, that's not all that surprising because Lebanon probably doesn't want Hzbala there.

[00:46:42]But Lebanon also really can't do much of anything because like Lebanon basically wants Israel to stop attacking them. And the only reason the only way that Israel stops attacking Lebanon is if if is if Lebanon gets rid of Hisbala.

[00:46:56]They already gave reports of attempts at the World Cup something will happen maybe. I like I I expect security to be like super super tight at the World Cup.

[00:47:06]That's what I expect. I do expect security to be like uber tight to the World Cup.

[00:47:16]It's it will take a couple of months for oil prices to get back to normal. Even if they end the war, I highly doubt there'll be a nuke going off. Like there could be someone that's trying bombs at the World Cup, but I don't think there'll be like a nuke going off.

[00:47:34]Believe it or not, even like even small nukes are heavy. Even small nukes are very heavy.

[00:47:42]Like you can't get like even a tactical nuclear device under like 30 40 pounds.

[00:47:47]So those backpack nukes don't actually exist. Those are just movie things.

[00:47:52]There there can definitely be a terrorist attack in the Olympics. I hope not.

[00:47:57]But it's very possible.

[00:48:02]So yeah, I would be like if you plan on attending or anything, I would be very very careful. I I don't plan on attending, by the way. The funny thing is uh NASCAR racers are still running at $10 gas. I mean, they they might just up the ticket prices. Also, like the price of gas in like a NASCAR race is like an insignificant portion of their income.

[00:48:21]I'm not a huge NASCAR fan. I don't really find any pleasure in watching cars go around a track, but still.

[00:48:28]Yeah. I'm not attending the World Cup. I might watch it on TV, but I'm not attending it. Plus, like tickets are too expensive anyways.

[00:48:36]Yeah.

[00:48:45]I think tickets are way too expensive.

[00:49:00]White House UFC fight card is coming up.

[00:49:06]I can't believe he's actually doing that. Does he think that's like a flex or something? A White House UFC card thing? Does he actually think that's a flex? It's not a flex, man. That is 100% not a flex.

[00:49:23]Like, why are you holding a UFC event at the White House? Like, what the hell, man? What's the point?

[00:49:30]Like, what what purpose does that actually achieve?

[00:49:36]where they host World Cup games. It's United States, Canada, and Mexico. It would probably be in the major cities because like they're the only ones that have arenas.

[00:49:45]I haven't really like I really haven't followed it. Trump by the balls. The Republicans are finished in the midterms. That's why they're desperately trying to redistrict.

[00:49:57]But it doesn't matter how they redistrict. They're still going to lose.

[00:50:00]Miami, San Francisco, Los Angeles, and Atlanta. Makes sense. Makes sense. Major cities. Like I said, major cities.

[00:50:14]Yeah. I don't see why he would think it's a flex. I honestly don't see why he thinks it's a flex.

[00:50:38]I think the US will move to socialism.

[00:50:42]We're not going to move to full like the US will never move to full socialism. I think our our healthc care will end up eventually after many many years will eventually end up being like the western European countries cuz it's not viable the way it is right now.

[00:51:00]is too expensive.

[00:51:02]Like for-profit healthcare has like is just not like the extreme the extreme forprofit healthcare thing is just not viable for most people.

[00:51:13]Gun rights and freedom of speech.

[00:51:20]I don't think they'll stack the court and I doubt they'll like strip gun rights. Also, the GOP is just as bad with with freedom of speech as the Democrats. Like Trump basically goes after anyone that like criticizes him.

[00:51:33]It's not like he he's like the worst user of the DOJ against his enemies. Man have UBI really for most people. We actually don't. I don't get any money.

[00:51:49]I don't know. I think the system basically has to collapse in on itself.

[00:52:23]I think like for-profit healthcare is ridiculous.

[00:52:27]Especially like the pharmaceuticals and everything. They depend so heavily on like university research and like public research to actually come up with like to come up with medicines. It shouldn't be try it shouldn't be trying to squeeze every cent of profit out they can.

[00:52:46]The states have had mail in ballots for a long time. It didn't really become a problem until Trump said it was a problem. Happened.

[00:52:57]Charter needs to stop doing that like every day.

[00:53:01]Seems counterproductive to incentivize the way we do our medical system because US is full-on hyper capitalism and hyper capitalism has a lot of drawbacks. Like you can't push capitalism past a certain point, but they do.

[00:53:17]10k Bitco right now. Bitcoin Bitcoin hyperlquid cuz like the health insurance companies are trying to squeeze every last penny out of the customers and like the pharmaceutical companies are trying to squeeze every last penny out of the customers. And we don't have enough doctors. Like the AMA basically limits the amount of doctors that can come out of med school even though there's like way more people that are qualified because they want to keep the prestige of the profession which is kind of a thing because America needs doctors.

[00:53:58]The dollar is not dead.

[00:54:01]Yes. Like I think like over time ending like stuff like US aid will severely weaken the dollar at least like in terms of like global use.

[00:54:10]But hopefully like whoever comes up behinds him actually has especially over the years it we do it because it buys his influence over the years.

[00:54:25]That's why we do it.

[00:54:31]10K in AI stock. I don't know if I'd do 10K in AI stock.

[00:54:36]Do you see bank runs happening? Not for the big banks. No, some of the regional ones. Maybe Google a owns 5% of SpaceX.

[00:54:49]It's not surprising. Big companies all own a part of each other. That's not That's really not surprising at all.

[00:54:57]I'd be surprised if that wasn't the case.

[00:55:00]SpaceX IPO is a huge scam. SpaceX, I think, is massively overvalued at at the beginning. Like in like a couple of years, in like a 10 years, it might it's definitely going to be worth more than that, but right now it's like massively overvalued.

[00:55:14]The only thing that's profitable about SpaceX is Starlink.

[00:55:18]It doesn't that doesn't deserve a $1.75 trillion valuation to a bull run. If Trump sets off a bull run by midterms, he might get the House and retain the Senate.

[00:55:30]he's not going to be able to set off a bull run by midterms. And like the thing is that gas prices have been high now for like what like four months now, which is like basically how high how how it was under Biden.

[00:55:48]I believe the four-year cycle is intact.

[00:55:50]We're kind of right on top of it. We're going down like just in time. So I can't say it's not like it's it's really hard to say it's not intact. very very difficult.

[00:56:01]I'm not a huge fan of Cardano's future right now unless they change some directions.

[00:56:06]Like I'm not like I've made no um I've I've made no attempt to hide that I don't like Charles's leadership. I don't care about his philosophical BS and like he hasn't been able to get users to Cardano. Like that's the main thing ecosystem wise. They've developed some apps and stuff but he hasn't been able to get users. That's what they should be using the community funds on.

[00:56:30]No altcoin looks good. That's because they all suck.

[00:56:38]It's like a 1% off the norm for the first year for the four year.

[00:56:44]The four-year cycle is holding right now. It'll hold until like something breaks. And right now that something has not broken.

[00:56:52]So right now the four-ear cycle is still good to go. Will be a run on the lightning network. No need for alts.

[00:57:00]Lightning has its own issues.

[00:57:03]Also, Bitcoin doesn't really have a development environment. You can't really run DeFi on Bitcoin.

[00:57:09]You can like wrap Bitcoin on other chains and do it that way.

[00:57:13]Bitcoin is really not meant for building on.

[00:57:21]Like Bitcoin is really like Bitcoin really is not meant for building on.

[00:57:24]like the the whole like Bitcoin DeFi stuff that's basically like people trying to force the issue that like Bitcoin was never built for that.

[00:57:33]So if people want want to run DeFi, they're going to have to go for Ethereum, Salana or another chain. They can't do it on Bitcoin.

[00:57:40]Like the stuff with like smart contracts and everything, Bitcoin was never originally built for that.

[00:57:48]And also like But payments and stuff will all run through lightning. Yes.

[00:58:04]Like third party development in terms of apps on Bitcoin is kind of trash.

[00:58:10]Yeah. Because smart contracts weren't a thing when Bitcoin was developed. Like to actually do complex transactions, you need other chains. Bitcoin's simply not made for it. What do you think the next leg up will be in stock market software?

[00:58:22]It's going to be AI for a while.

[00:58:25]Maybe robotics next, but it's going to be AI for a while.

[00:58:34]AI is going to like AI is going to drive the market for quite a long time.

[00:58:40]How about Litecoin? Litecoin's been dead for a while, man.

[00:58:44]Wouldn't buy it. What about Caspa? I still haven't seen Casper do anything.

[00:58:52]Think Cardano made a fatal mistake with its governance dreps.

[00:58:56]No, I actually like the D-Rep's governance thing because like that's how a decentralized coin is supposed to run in the first place. I just think like like the several years where like uh the hoskinator was leading it, he was not a good leader. Like he focused on the wrong things. like the Cardano hospital, like all the other initiatives, they don't really drive Cardono price.

[00:59:21]Zcash is a couple miles away from CIA base.

[00:59:26]Zcash had a giant exploit, man. That's why it like went down so much, but it's bounced back. I I just don't trust Zcash anymore. I really don't trust Zcash. I think a lot of people would feel the same. I don't think they trust Zcash either.

[00:59:52]I don't think it's like a Zionist coin or anything. It's a privacy coin, but the TR I don't trust it.

[01:00:01]Block size to 1 MB to cause revolt. Core versus knots. It's very hard to change anything about Bitcoin.

[01:00:11]And like you're never going to like switch Bitcoin off of proof of work because no one's going to allow that.

[01:00:17]Dash isn't new. I No, I don't think like Dash is the new Litecoin. You don't want to be the new Litecoin. Litecoin doesn't do anything.

[01:00:27]Bitcoin could fork in the future. I don't really know if any of the miners, the validators will ever allow it to do like an actual fork.

[01:00:39]I mean you run all the transactions through lightning at this point. You don't run the transactions through bitcoin itself. You run the transactions through lightning and even for tiny simple basic transactions is not that fast. You have to use lightning like if you want to do it without delays.

[01:01:07]There's even people against SegWit.

[01:01:10]There's already a discussion to form Bitcoin, discard all the legacy addresses like Satoshi's to make quantum that needs to be done sooner or later.

[01:01:20]Said creating foundation was the biggest mistake.

[01:01:25]I mean, Cardano Foundation, it was a pretty big mistake. But I think it was also a mistake to try to I think it was also a mistake to uh choose Haskell for the programming language in the beginning cuz he didn't really even know what Haskell was. He just heard like one of his profs say he just said heard a prof say it was secure, but then he didn't really think that like no one actually developed in the language. So, it's hard to get people to develop basic Cardano some given time because it's decentralized.

[01:01:54]Wait, why is it good that the founder sold all his LTC?

[01:01:57]Like, why would anyone want LTC?

[01:02:01]I think Quantum has like is still far away. I don't think Quantum is that close.

[01:02:07]Like people, a lot of people think Quantum is close. I don't think Quantum is that close.

[01:02:15]Was a thing all banking institutions would be toast. I mean, yeah. I mean, you're not wrong. You are not wrong.

[01:02:28]Because I think like Quantum's first priority isn't going to be crypto.

[01:02:33]Look, crypto bros have this like crypto bros have this unique ability to place crypto at the center of the universe. I got some news for you guys. Crypto is not at the center of the universe for the vast majority of people. In fact, I don't know if crypto is at the center of the universe for anyone.

[01:02:53]would be affected way before.

[01:02:54]Absolutely. Banking, military, there's a lot of things that would be affected by quantum way before Bitcoin.

[01:03:04]But you know what? I I think the banking system might have already fortified itself against it. Remember, because the banking system isn't decentralized, they can make decisions on the fly.

[01:03:14]Yeah. Quantum is going to be military intel, health intel, like uh probably military intel, healthcare, um banking systems. Like crypto is down the list somewhere.

[01:03:28]Crypto is way down the list somewhere.

[01:03:33]They're based on 2FA, which can be sim swapped easily.

[01:03:41]they can uh I mean they'll find like they'll find a way to protect around it.

[01:03:52]And the thing is like there are other ways to secure 2FA.

[01:03:56]I've not looked into Cody with an APY of 49%.

[01:04:00]That's also too high. It's way too high.

[01:04:07]way too damn high for an APY.

[01:04:10]Coin will be the only thing that survives quantum. Whenever quantum comes, it'll be a thing eventually, but it's not going to come for a long time.

[01:04:26]Like quantum will be a thing eventually, but it won't be a thing for a long time.

[01:04:36]This is how Spectrum is, man. Like, I use AT&T back at my parents place. It's just as bad. We don't have fiber back there. What is the difference between web 3 and cloud engine?

[01:04:56]I'll look into a Cody a little bit.

[01:04:58]Yeah.

[01:05:23]I think most people have resigned to the straight being blocked. Yes.

[01:05:30]just give you for everything to phase out legacy addresses like Satoshi's maybe. We'll see.

[01:05:51]All right, guys. That's going to be it for right now. Like and subscribe. Hit the bell notifications button. I will be back Monday and I will see you guys later.