Stokes repackages basic risk management as profound institutional wisdom, masking the inherent chaos of the market with sophisticated jargon. His narrative of Bitcoin’s "maturation" is less an objective analysis and more a calculated attempt to rationalize speculative volatility.
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Bitcoin Breakout!!! Crypto Campfire - 06 May 2026Added:
Alrighty, let's get into it because the last four days have been big, not just for crypto, but for the entire global money system. Bitcoin did something very important this week. It broke above $81,000, just about to break above $82,000.
That is not just a number. That is a signal. It tells us all that even with the pressure from global events, Bitcoin is holding strong. Over the past month, it has been one of the best performing major assets on the planet, up close to 12%. That kind of move in this kind of environment matters. Now, I want you to think of Bitcoin, I don't know, like a boat in the rough oceans and the seas with the waves smashing aside the boat like the global tension that we're facing right now. Rising oil prices and uncertain central banks, inflation, and so forth. And yet, the boat is not sinking, it's rising. That tells you something about the demand. Thank you, Wolfish King. I was looking for it there. A big driver behind this move is institutional money. In April alone, over $2.4 billion flowed into US spot Bitcoin ETFs. One fund in particular took the lion share, and we know which one that is, which shows you that large players are not just watching anymore.
They are allocating real capital and advising their customers to do the same.
that creates a base of demand that did not exist in past cycles. Do these cycles exist anymore? We'll see. But what we did see is a little bit of a pullback and that came from a key moment. One of the largest corporate holders over the last few days of Bitcoin said they may sell some to pay dividends. Now, let's be clear, this is not panic selling. This is more like, I don't know, taking a small bucket of water out of a very large ocean. Still, the market did react because narratives ma matter. Again, we're like, I don't know, a herd of gazels grazing on the plains of Africa. We see a lion move past. It's not even interested in us, and we all scatter. We're still very cautious in these markets. But I want you to zoom out because crypto is not moving in isolation.
The situation in Iran is front and center, of course. Tensions have pushed oil above $114 before pulling back to near 108. But that's the paper price, not the barrel price. And it's moving so quickly. War on, war off. We'll cover that a little bit more tonight. This kind of swing feeds directly into inflation and inflation drives central bank decisions. It is like a chain reaction. And of course in Australia, congratulations. Exactly as I told you, rates just went up again 4 to 3.5%.
I warned you that when fuel prices went up, the consequence would be they're going to make your home more expensive.
And it has just happened. The reason energy cost. We're going to fix high prices with even more high prices. In the US, however, the central bank held steady, but there is a key point. There were four members who disagreed. That level of split shows uncertainty. And in fact, we haven't seen this kind of disagreement amongst the Federal Reserve for decades. And markets do not like uncertainty. So on one hand you have pressure from higher oil and tight policy. On the other hand, you have Bitcoin pushing above 81K. So desperate to get above 82K. Hopefully it'll happen on the show tonight. That is why this week ma week matters. It is testing the idea that Bitcoin can stand on its own.
It's proving it. Now let's talk policy because this is huge. The Clarity Act in the US just moved a step closer. A key compromise has been reached and the bill is now heading toward their next stage.
If this passes, it could finally give clear rules to the crypto market in the US, which will of course spread to the rest of the world. That is something the industry has needed for years. We are making huge steps here. Come on America, let's get this act through. At the same time, something quieter but just as important is happening. Real world assets, as we know as RWA, are being bought onto blockchain networks globally. Think government bonds, payments, shares, equities, and pretty much all financial products becoming digital, enabling everyone to trade anything at any time, anywhere with an internet connection. The world has never seen this. It is like taking the old financial system and plug plugging it into new digital rails, open for business 24/7, 365 to anyone, anywhere.
Big firms are already moving in this direction and this trend is only just getting started now. Of course, not everything is perfect. A major DeFi hack from last month is still playing out and spooking the markets. There is now a legal fight over who owns the recovered funds. And this could set a precedent for other hacks. If there's going to be more, let's hope not. There probably will be. If outside parties can claim those funds, it may change how future recoveries work. That is a risk the market is watching closely. So here's the bottom line. Bitcoin is above $81,000 currently at $81,839 as I speak in this environment. That's a strong signal. It shows resilience. It shows demand. But we are not in calm waters. Global tension, oil shocks, war, and policy uncertainty are still very real. My view is this. If Bitcoin can hold these levels, while all of this is happening around us, it strengthens the case that it is maturing as a global asset. The next few days will matter.
Policy decisions, economic data, and global events, particularly in Iran, will play a huge role. But right now, Bitcoin is holding the line, and that is something the market cannot ignore. This is a very exciting time in crypto.
Anything can happen, and you're about to see it happen live. Good day, cryptogoers. I'm Adam Stokes. Welcome back on to the channel for the Crypto Campfire. This being the 5th of May, 2026.
Where as always, a free and easy way of supporting this work is by simply hitting that like button and subscribing if you're new, ensuring you also knock that notification bell so you never miss a new episode. Also, watch out for the bots in the comments below. I'll never ever ask you to contact me via Telegram or WhatsApp. They are scammers impersonating me, trying to trick you.
Please stay away. We've got Bish coming on to the show a bit later. Bish from Storm Rake. He's going to bring some certainty into all of this madness and chaos and excitement that's happening around us. Thank you also again, Wolf King, for giving me that 5x5. Did you notice I started on time to the second tonight? Cameras plugged in. Microphones are plugged in. Headphones are ready for Bish. Everything's rolling smoothly.
Famous last words. Bitcoin at $81,812 with Ethereum at $247. XRP at $144. Soul making a move finally at $89. Green, green, green across the board. Even Tron, the old Tron above its 33 C range currently at 34 cents. Look at the glorious green. Ton is looking fantastic. A lot of talk about Tom, of course, it's close relationship with Telegram. It's up 22.13%.
You're going to see these breakouts happen everywhere. Hang on, let me just cough. Not in your face.
So exciting what's happening in the markets as we waited so long. I'm waiting for the omega candle. Matty Cooper, I see you there. Summons the Omega candle, my friend. Good to have you here, Maddie Cooper. Small bird Jenners in the house. Cryptojunkus, haven't seen you here. It looks great.
But it says, "You wished it up over 80K the other night when you said it won't over that point."
Cool. Um, Joy Joy says, "Hi, Wolfy.
Joyy's in the house." Um, sorry, Joyce is in the house. Gall's in the house.
Knoxville, where have you been, brother?
Good to have you here. Um, Joyce is saying hi to everyone as is Gail Robin Kovac. Hey, Michael Hilda. Been a while.
Good to have you back. Jump for Joyy's in the house. You got your Onondo bucket brother. Cam 338's here.
Uh, and Andrew Chennery says, "Goodday, Adam. Actually joined live tonight."
Good to have you here, Andrew. Welcome, my friend. Great to have you live. And he's saying hi to the crypto family.
Moving further around, Aussiey's here as everyone speaks to everyone. And Maddie is summoning the Omega candle. What's the Omega candle? Can we get a $100,000 pump in a day or a week?
Maybe. Wouldn't it be glorious? Um, a God candle, $10,000 in a day to a week.
We've done many times. We've also had the opposite of a God candle where we've lost 10 grand in a day. Look, everything's looking strong. Touchwood.
There's nothing that should suggest we pull back. Even the talks what's happening in Iran. We'll go through that a little bit later. Exciting times. And Amanda, good to have you here, our crypto sister, who's saying Luna Sea is still climbing. I mean, be careful.
There's some It happens where people are trading zombie coins. You get into like, you know, these zombie companies and these zombie coins and you're just trading something with a very low market cap and you can swing trade them very easily.
Look, I did it when Luna collapsed. When Luna collapsed, it fell to almost nothing. And and a lot of crypto veterans knew, okay, people are going to throw good money after bad. And equally, crypto veterans are going to jump in there and trade a dead coin. And you made massive swings.
Like, it went up over 100% in like a matter of hours, you know, because the market cap or the price, as an example, went from a dollar to 1/1,000 of a cent.
And so then it's only got to go up a tiny bit to double the price or market cap. And people were trading a dead coin. It it happens. It's not illegal or immoral. It's just dangerous. And I would suggest be careful with lunacy at the moment. I mean, get in there if you want to have a go, if you want to take a risk. And if you do want to trade these markets, of course, head over to the crypto.land www.thecrypto.land where you can do everything cryptosafly on one simple and secure site. Moving further down, uh John for joy says PM's on move today as well and we can see uh many coins pumping as the national debt. The US national debt is up 39.2 trillion to $39.2 trillion. $39.207 trillion and climbing fast and the Treasury Reserve apparently at 31 billion. If we go over to the fear and greed index, let's refresh because this is uh it's kind of lagging. Yesterday was at 50. We got to neutral at 50. When was the last time we're at 50? Let's see. It's been so long. When was the last time that the fear and greed was at 50? All the way back uh on the 17th of January. Now, of course, in crypto time, it's like 10 to 1. Every day is like 10 human days. Uh so that's that's a long time since we've been this high. If you look at the fear and greed index, this massive dip, you could argue we have a bit of cup and handle in the um fear and greed index, you can see it's been a long rough year, a very rough year, but consistently we've been going up and to the right.
And I want to show you this on this parallel channel. Bitcoin to US dollars in one daily candles. Here we are. We Bitcoin, we dropped out of that parallel channel. You're looking at Bitcoin to US dollars in one daily candles. We've been drawing I drew up this parallel channel a few a couple of weeks ago. Bitcoin dropped out of that parallel channel primarily because of what was happening in Iran and the US. The market recovered and Bitcoin clawed its way back up. Goes, "No, we're getting back into this channel." And just yesterday, it wicked back into the channel. And today, look, as you can see, we're closing back into the channel. Bitcoin smashing past the psychological barrier of 80,000.
smashing past the technical barrier or line of resistance of $81,000. We're now so close to $82,000.
We'll be moving to six figures. We've done it before. I remind you the all-time high was well over $120,000.
We're now only at $81,923.
We're back into the ascending parallel channel and looking very strong. If we go over to the oil markets, oil is falling. That is a good thing. Why?
Because there's confidence that something's going to happen in Iran.
We'll see. Of course, we've got rumors that ships have been attacked. I cannot confirm or deny. I can confirm that I've heard it. I can confirm that maybe the IRGC attacked US ships. Maybe it didn't.
Maybe it was just told that we were just told that they were attacked. Maybe maybe it was Russia. Maybe it was it never happened. It's just a narrative.
But the truth is in the markets and the markets are showing us that oil is dropping rapidly right now. Uh just over today. I mean, look, this is a huge move just today. a big day. It's gone from $101 a barrel down to $93. Massive. WTI crude, let's measure it up as a percentage. Just astronomical. Let's do it over the last 24 uh sorry, 48 hours, it's down 11%.
11%.
Huge news. And if we go from pretty much just the week, let's measure it up.
We can see that the black gold, the oil, the crude is down 15%. That's suggesting that it's confidence in the markets that the straight is going to open. Now, of course, there's a lot of talk going on.
There's a lot of missiles flying or not flying. There's a lot of negotiation happening or not happening. I don't know. I don't know what to believe. So, I go to the markets. The truth is in the markets.
Cream Alexa Studio goes, "Shout out, Adam. I'm bullish on Tron, too. Good on you, man. I um I've been I've been dollar cost averaging out of Tron recently uh just because I've taken over a,000% profit and and you have to practice what you preach and I've been taking some profits but I've still got a bag there. So if you have a big breakout cream Alexa Studios uh I've still got some Tron there to enjoy that ride. And Aussie Green says uh sorry Aussie says Raiders green. Yes, across the board.
Let's go to Ethereum. Ethereum's on a nice little run. Look at this. 1 2 3 4 5 6 7 green days in a row. Still a lot of movement, a lot of room in Ethereum.
Ethereum, I remind you, the all-time high. Well, was it about $4,900? Let's just pan all the way out. I'll go to one monthlys here. Depends on what data set you're looking at, but we'll go to the one monthlys and I'll just clean it up here. And we can see its all-time high, according to this data set, was the 1st of September 2025 at just under $5,000.
So, you know, if Ethereum can get to its all-time high, uh, that's pretty much 100 more than slightly more than 100% from here. Uh, but some people are suggesting Ethereum was going is going to $10,000. I was hoping it was going to $10,000 in previous markets. Uh, in previous cycles, I should say. Uh, but at the moment, it's got um it's got a bit of work to do. It's got a bit of work to do. Or you might like to look at the other way. Uh, bit of opportunity.
Bish, I can see you in the um green room. I'll bring you on shortly. Good to see you, brother. Bish will be coming in shortly. Let's quickly just finish off this rant here. Looking at the spot Bitcoin ETF flows. Actually, we'll go to Ethereum first. The Ethereum flows as they are refreshing and taking their time. Let's go to RWA as that's taking too long. The market cap for stable coins. Stable coins is at $300 billion.
300.26 billion. Monthly transfer volumes are down 20.63% over the last 30 days.
Monthly transfer volumes currently at $8.59 trillion over the month. We've seen that number above $10 trillion before. I suggest we will absolutely see above $10 trillion again shortly. Uh if we go to the global rankings, gold one, and video 2, Alphabet 3, silver is at four with Apple at five, Microsoft 6, Amazon 7, TSMC looking bloody strong at 8. So is Broad Broadcom at 9, Saudi Ramco at 10, but Bitcoin's coming up the charts at position 11. Facebook slipping further down at number 12. Get a bit of movement in these um market caps and it's pretty exciting on the global stage. Let's go back to the spot uh ETF flows. This should have loaded by now.
As we can see, uh we had a nice inflow towards the end of last week, $93.9 million flowing into the spot Ethereum flows in the United States. And then just at the beginning of this week, we had $61.3 million flow in. As we go over to the Bitcoin ETF flows, as this is just loading up and taking its time, we'll go further around. Um, Cream Alexa says he loves BTC and TRX. Uh, and he also loves XLM.
Over to the um, Bitcoin ETF flows. I mean, look at this glorious candle here.
On Friday last week in the United States, we had $629 million flow in to the Bitcoin ETFs. That's a huge pump, baby, just on one day. And then earlier this week, another half a billion dollars coming in. Follow the big money.
Look at what the big players are doing.
They're not mucking around here. You got big money going into a big asset.
>> All right, without further ado, let's bring in our friend Bish to see what's happening around us.
Bish, my friend, how are you?
>> I'm doing well, brother. How How are we?
>> Oh, I'm excited, man. Look, I mean, look how glorious this is. We got Raiders green across the board. It It's about to cross $82,000.
is I mean I I was in the cafe this morning and my uh coffee guy, shout out to my coffee guy, he goes he keeps getting feeds that this is just it's all a bull trap. You know, we're all getting excited. It's about to break out. Is it a bull trap? What do you reckon?
>> It's a it's an interesting topic, my friend. Also, are you getting feedback feedback from me?
>> No, you sound good. Uh could we get radio check from um you or anyone out there? Wolf is king. But but from my end, you sound good.
>> All good. All good. I think I'm just repeating myself here. And let me uh >> might have to mute one of your ones.
Don't worry. I have a lot of fun with >> Hang on. I know what I might be able to do.
>> Does that sound better at your end?
>> Test one, two, three. Yes. Yes, sir.
That's even much better.
>> Believe it or not, it's actually me.
>> No. No way. I don't >> My system was messing with yours.
>> I was I was hearing myself. I was hearing myself twice. I was like, "Oh my god, am I coming through twice on the other end of the line?" Cuz these uh these mics, they're very good, but they're very sensitive as well.
>> Yeah. And know I'm I'm what I was doing was I was feeding you through my soundboard twice, but there's a magic red button that I just pressed. I actually it happened with Martin North and I put a band-aid on this button.
Like quite literally, I cut out a piece of a band-aid and I stuck it there and I've left it there and today it's it's made us safe again. So what's going on, my friend?
>> Trap, bull trap, fake trap, where are we going?
>> Everybody's been getting trapped. So look, the way I see it is very simple.
We've had 6 months of absolute relentless selling. You know, everybody was quite bullish in Q4 last year. We got caught offside. I was expecting to see 200,000 BTC at some stage in the next at that point, 6 months out. Uh got that one wrong. We ended up having a pretty significant correction. We ended up at uh the low60s or 59,900 depending on some price points and we finally started to see some significant rallies.
I think a lot of people are in that this disbelief stage of the Have you seen Stokesy that Wall Street uh psychology of markets cheat sheet? It's fantastic.
Worth bringing it up. And so really what what's ended up happening is a lot of folk are in the disbelief stage of this rally expecting it to fail like the other ones that we had anticipated earlier on. Uh we had seen a significant 50% discount in markets. Nobody picked it up. Now they were at 80,000 82,000. A lot of folk are hoping for lower or hoping to revisit 60. I've even had people messaging me saying, "Bisher, I'll call you and I'll be a buyer when we hit 50 45K." So, and they're trying to uh apply the previous 22 bare market and 2018 bare market uh analogy in terms of you know the similar draw down levels. Unfortunately, we're not going to get that. Uh people are in the disbelief stage of the the market rally saying this is a suckers rally. Uh we've gone through all of it. We went through complacency where when we bounced from that 1010 October flash crash from 102 to 114 people like that's fine. We just needed a bit of a correction. The anxiety, the denial, the panic, the final capitulation which was the Feb 6 crash uh had occurred and then there was a lot of anger uh at that stage. So, we've gone through all the wide range of emotions and now we're at the disbelief stage of this is a suckers rally. It's going to fail like the rest of them. And yeah, great call by Gail recency bias.
You know, people extrapolate that when things are good, they're going to continue to get better and when things are bad, they're going to get worse. So, from my side, this is an incredibly still incredibly discounted level to be picking up BTC. And there's like a a a trifecta like there's this convergence of events that are happening in the United States. I just got back from the US as well. And I think that that trifecta and we can unpack that throughout the show Stokes if you've got the time. Uh which is yield curve control, currency devaluation, and the United States growth engine. Those are the three things that I'm focusing on.
and I can unpack the data uh related to each of those uh tools that they're using to navigate the debt reset as well as how they're going to drive the market a hell of a lot higher. So, from my end, I'm I'm quite excited for what is in store. The stock market continues to rip to new all-time highs. Silver's just added 5% um to its uh daily chart today and the market is very much risk on because we've got the Clarity Act coming through. We've got the uh resolution of the US Iran war coming to an end pretty soon. The blockade will get lifted.
Oil's already looking a little bit soft.
Um if you look at the Bowser prices across the country, we're around $1.70 180. So the, you know, fuel Armageddon and impending crisis that everybody was calling for hasn't quite eventuated. And I'm not saying that we're all, you know, sunshine and rainbows and that the world is going to be a magical place from here on out. But uh mate, I couldn't be more bullish if I tried. I'm bullish on the best of days, but uh particularly right now considering that we're at 80,000 and people are starting to short it. So, you're seeing things like funding rates are still deeply negative because essentially you're getting paid to be long right now. That's how that's how much people don't believe that this rally isn't real. Options market also shows that max pain is a little bit higher than where we are right now. So, we're most likely to uh go towards that before the uh end of quarter expireies as well. So, you know, you couldn't you look at the derivatives data, you look at the fundamentals, you look at macro, you look at technicals, and everywhere is just giving me signals of by buy by by buy. Now, obviously, for those who are watching at home, you know that I'm a relentless Bitcoin bull. I'm always going to tell you to buy Bitcoin, but right now, it'll be silly not to at least try uh double your hand at a couple of market orders, and I'd be very privileged to take care of some of them if you want to chuck me some business as well.
So, what you're saying is that we're in fact in this cycle. We're we're down here. You I don't know if you can see my cursor. Are we at the disbelief stage right at the bottom down here? Is that what you're saying?
>> Yeah. I'm saying more on the far right hand side because we've just recently Yeah. Well, yeah. Yeah. So, we're coming into >> But it comes around. Yeah.
>> Yeah. It comes around. So, I think that we've seen a really big set of anger and panic and capitulation. The capitulation for me was the Feb 6 crash when we went from like 70,000 down to 60,000 in a couple of days. It was it was a pretty relentless sell-off. It was a mechanical unwind as well. There was a lot of force selling because of derivatives and all kinds of things that were happening at that time which converged uh with the onset of the uh just before the the US Iran war had eventuated itself and really showed how violent it could or or volatile it could be. Uh but that's where we're at right now. We're at the disbelief stage in the market.
>> Uh, someone says, Cream Alexa Studios goes, "Bitcoin is going down to 25K."
So, let's um let's balance our argument.
Good good to always have >> at least one downer in the in the audience. But if we have this if if we're here at this disbelief stage, right? So if we we've come right up to this, this is a suckers rally.
>> Then as we loop back around to this one here, this rally will fi fail like all others. In theory, you know, we have this breakout now at 82K nearly and then we we drop down and it goes, haha, I told you this rally will fail like all others. So, you know, it's not an exact science, but if we're at this end here at the disbelief cycle of the disbelief this is a suckers rally of the Wall Street cheat sheet, the psychology of a market cycle, then does that mean we're actually due for a pullback before we go ballistic?
>> Yeah, I mean, uh, nothing goes up in a straight line now that we've finally broken out of a pretty, uh, aggressive downtrend. We were in a bare flag as well. So, if you look at the uh you know H1 or H4, even the daily, we were in this really long-term bare flag uh that was playing out on the smaller time frames. So, for me, I think that it's really important to realize that pullbacks are inevitable. In every uptrend, there will be pullbacks. Even recently when we went from 60K all the way up to 82 where we're trading at now, there was multiple pullbacks, relief rallies that had then turned into, you know, previous retests of the highs. Um, but it's looking beautiful. That channel is amazing. We could get a a cheeky little retest of sub 80, go down to 78, 77, which is where the breakout had really started in earnest uh just to back test it. But, uh, I was saying to a lot of our investors that from a technical perspective, a 75k breakout on a daily would be incredibly bullish. I was on the record stating that. Um, so now I think that we we'll see we'll see most likely some sort of small pullback.
But those who are expecting those 10% corrections, they're they're not going to get filled. You know, greed, funnily enough, works both ways. Stokesy people get greedy on the upside wanting higher and higher levels. And then the bears are actually just bulls in disguise uh and wanting cheaper and cheaper Bitcoin.
But greed works both ways where you know people are expecting 10% corrections now when we've seen a boatload of volatility already hit the market you know with everything that we have seen from the US Iran conflict to you know we had seen Maduro getting snatched to oil markets being disrupted globally you can't get much more volatile than that unless there's some sort of massive escalation uh and again I still see it uh from my perspective that this is an incredibly discounted and cheap entry opportunity uh I'm very bullish on the precious metals complex as well. Gold and silver are incredibly cheap right now because silver itself had a massive discounted correction recently as well. Ran to 121 and then corrected down to the low 60s.
Funnily enough, a very similar moves in Bitcoin and silver as of late and they're looking really fantastic. So there's there's a myriad of investment opportunities right now and none of them involve being a bearish individual. Now, not to say that the bears haven't been right over the last 6 months, but bears are only short for short times. Uh that's why I believe they call them going short. And uh bulls uh being bullish is actually a really good position to be in right now because you you've got the United States government doing everything in its power to drive growth into the economy, which is the uh it's the United States growth engine.
And I'll unpack that in a little bit.
But there's there's a divergence of factors that are happening right now. We talked in in extensive detail, Stokes, about the the basement trade, how they're trying to devalue the US dollar to make their debt repayments a little bit more manageable. That's definitely a key driver of it. The second key driver is the uh yield curve control where they're trying to suppress interest rates particularly in the bond market.
And now we've got incoming Fed chair Kevin Walsh who is going to really uh shake things up at the Fed and I think he's going to be a Trump insider that will drive rates a lot lower. This is going to cap yields on the on the longer term end of the uh maturities. So 10 year, 20 year 30-year yields should be capped at around 4% maybe three and a half% depending on how aggressive they try to cut rates. And then they've got the United States growth engine, which is they want to run the GDP growth hotter than inflation. So they know that they're going to get inflation with all of the policies that they're inputting.
But they're saying that if the economy grows larger than the rate of inflation, at least in terms of their headline rate inflation, the CPI, then they're actually outstripping uh the loss of currency purchasing power through uh wealth increases in the stock market and people's businesses. and you know overall asset holders are doing quite well. So the playbook is quite easy ladies and gentlemen. They're going to devalue the dollar to make their $40 trillion debt load a lot more manageable. They're going to cap yields to make sure that their interest repayments stay as low as possible. And they're going to drive and run the economy redhot so that the economy grows faster than the headline rate of inflation. that trifecta of economic forces that are going to be delivered and coordinated between the US Treasury, the Federal Go uh the the US Treasury and the US Federal Reserve is going to drive asset prices astronomically higher. I'm talking all assets. Equities are already ripping to new all-time highs on a regular basis. S&P 500 looks awesome. So, a lot of people are wanting to call top. They're wanting to be bearish. They want to uh signal that the market is going to go lower. But when you look at those economic forces that are converging upon what we're dealing with right now, Bitcoin is going to hit up uh $200,000 within the next 12 months. Gold is going to be back on new all-time highs, even going to be pushing a 6, 7, 8 handle. Um silver is going to be in the triple digits before you know it. Again, the stock market is going to be setting up new all-time highs.
They're kicking the can down the road, but there is a way that they can have the their cake and eat it too, which is if they do manage to pull off a economic renaissance by issuing uh more wealth through GDP growth and there's this AI crypto crackup boom that exceeds the rate of inflation, they can keep rates artificially low and devalue the US dollar. That could actually give us this golden window which essentially drives Bitcoin to 200,000. So quite interesting stuff there, my dear friend, but I thought I'd share the insights because I wanted to break it down with you as we could uh go live.
>> Look, it it makes perfect sense to me.
And by the way, as you were speaking, Bitcoin did cross $82,000. Uh different data sets, different numbers, but here it is. I got it right here. This is from Bitstamp. $82,0004.
$82,44.
Uh looking strong up and to the right.
But you know what? As an economist or a trader, we understand this. But for for many people they may not understand this. So what they talk about, hey we're going to devalue the dollar and many people go that's really bad. It's like no no you know because we have this this bias in our brain if something's going is going down that's bad. And it's like you know as the as oil goes down no that's actually good. And if the bond yields are going down for the economy well for the economy whose bonds they are that is good. And if the purchasing power obviously the uh purchasing power of the US dollar goes down to the extent that they're inflating the dollar supply. So they're by effect deflating the real price of the debt. The consequence of that is as you said that assets will go through the roof. So the only way governments can get rid of this debt is that we'll go with America to start with. So to my American friends, we're not picking on America. We're just we're picking on fiat. We're just using America because they're the biggest economy with the biggest debt. And when America sneezes, the world catches a cold. So that's why we're using America as the baseline here. So they've already said openly that there's no way that they're going to pay this debt off. They can't pay the debt off. They can't pay 39.2 trillion off. And there's no benefit to them actually paying it off either. So as you said, they deflate uh the purchasing power. They reduce the purchasing power of the dollar. They pump the the amount of dollars going into circulation. They run the economy as hot as hell. So, you know, production goes up and everything's looking good.
And as a proportion of the money that they've got and GDP and the power of the economy, the the debt goes down. The nominal number doesn't go down, but the real number goes down, the real price of it. So, as we expand this into other nations, so we see America, they they've got no choice. I mean, we'll go through the four choices. What are the four choices? Okay, so you say austerity.
We're going to tighten our belt. Well, look how that worked out for Doge.
Buildings burnt and that didn't work.
Okay, so we're going to raise taxes. The second option is raise taxes. Well, we can't raise taxes because we've raised it so far and everyone has fled. Okay.
Well, what's the third option? Well, the third option is to we're going to default on the debt. No one's getting their yields back. No one's getting the bonds. Everyone that we owe money to, we're defaulting. Well, you're not going to do that because you're the global reserve currency and you don't need to to default and you don't want to default. So, the only option left is to print. It helps deal with the debt. It keeps them alive. They can service all the uh yield that they owe to everyone. They can run the economy hot.
Now, as this flows into Bitcoin, as you mentioned, you said, you know, gold's going to go up, silver's going to go up, and we we've seen it before. We've seen it before that when the money printer goes burr, we run away. But I want to link this all into now the Fed chair Jerome Pal. So as you mentioned Walsh is coming in 15th of May uh which is what 8 days away 9 days away depending what time zone you're in. He comes in he's now the new Fed chair but old pal has said well I I was going to retire but I can't retire now because Trump is after me and so now I've got to face the wrath of Donald Trump. I've got to face these allegations. So I'm not going to leave.
I'm going to stay in the Federal Reserve. Can you help us understand even that we've got new Fed chair will Jerome Pal hanging around per se have an effect on what Kevin Walsh may or may not do?
>> No. Nothing stops this train my dear friend. Nothing at all. This is going to be full steam ahead. uh there there's errors where monetary uh dominance or monetary policy setters such as the Federal Reserve uh wield the power and then there are errors where it's fiscal dominance uh which is coming in from the the Treasury side and the UN in the the main ongoing US administration. I was just in America over the last week or two and mate, the amount of wealth is in there is absolutely obscene. Obscene, right? Uh it's you cannot understate how bullish America is. You cannot get short on Americana, right? I I can't it's it's silly to assume otherwise. Jerome Pal is one man. He can't stop this train. the the way that I see it with that little triangle of beautiful macroeconomic conditions, the yield curve control, the currency debasement, and running the US economy redot. You run that, that's just how they're going to run it. That there's no one on on God's green earth that can stop it, right? You know, unless Jesus was we're going to get the second coming of him, then yes, we would be seeing the stopping and ending of the uh the US debt cycle. But until that happens, we're full steam ahead uh regardless of whoever's at the Fed uh reserve or or continues to stay on there regardless.
>> Got some questions from the viewers and please everyone send your questions in.
Uh first of all, we'll go with Bill.
Where's the AUD going? Where's the Australian dollar going at all of this?
>> Well, we're we're seeing a bit of a commodity super cycle at the moment, which should benefit the AUD uh over the short to medium term. Uh but all honesty, I see some massive massive headwinds for the Aussie economy. Uh what we've done over the last couple of years, the economic mismanagement uh by the government as well as the you know reckless policies of the RBA is going to set us back a couple of decades unfortunately. Uh we look at how uh other markets that have been heavily geared towards their property markets and we're not talking about third world countries. We're talking about Canada and the United Kingdom. Look what happened when their property market uh broke down. There was some serious serious uh tailwinds and pressure on the Aussie or the the British and the Canadian economy. I believe we'll see something similar. Uh but Aussie dollars is looking pretty good right now because our savings rate is pushing up on 5%. So people are going to be more inclined to hold AUD for the time being and we've got the commodity tailwinds lifting us up as well. we're a commodity currency uh because people will be buying Aussie dollars in order to uh convert their currency to acquire our resources.
Unfortunately though, that goes to foreign multinationals because of that reckless economic policy that I mentioned before. Could you imagine that we are one of the largest producers of LNG, however, we import the gas that we sell. It's just it's just an absolute fast from top to finish uh from from top to bottom. But look, at the end of the day, you asked a question about the Aussie dollar, can't be bearish on it here, especially against the USD cross.
Uh, but I'm I'm a Bitcoin guy, so you know, whilst I did come from a foreign exchange background, and I could definitely see the Aussie dollar hitting a 75 handle, I'll just check quickly where we're sitting at right now on the AUDUSD, uh, trading at 72 in a bit, 72 and a half. So yeah, we could easily hit a 75 handle, but I I don't really say that shorting uh US dollars to then buy Aussie is a smart trade. I think that the best trade you can do is dispose of your kangaroo dollars, get rid of your green back, get rid of your American dollars, and buy some Bitcoin. That is a trade that I can get behind. But definitely at least over the next little while, Aussie dollar has some really positive tailwinds and is expecting to hit a 75 handle.
>> Yeah, I I dumped two of my properties recently. Um, >> my man.
>> Yeah. Yeah, it was overdue, man. It It was overdue. Um, I I've kept many properties that are positively geared.
It's just free money. Uh, neutrally geared properties. I'm >> I'm still forecasting. I'm still doing a lot of modeling, but yeah, I directed my my staff. I said, "Get rid of these two as quick as you can." And you know, it's a nightmare, Bishop, because when you want to sell a house, you know, there's conveyancing and advertising and legal and waiting and this and inspections and oh my word, it is a nightmare.
>> But if I just want to sell Bitcoin, I just press sell. I can do it in bed. I can do it while I'm walking my dog. I don't need a lawyer. I don't need permission. I've had a gutful had a rant about it recently. And of course, you know, as I mentioned on this channel, as soon as the war kicked off and oil prices went, I said, "You watch." I said, "Your your punishment, Australia, is that they're going to put interest rates up because the only way that they can fix high prices is with more high prices. Inflation's going up. So, the way to fix it is we're going to make you even poorer." And that's exactly what happened with the RBA increasing the interest rates recently. Um, you and I have both worked with uh Adam um from uh the Unemployable Podcast. I think it's such a great name. Such a great name for a podcast. Unemployable for for any entrepreneur. It's just like the the greatest title you could have, unemployable makes perfect sense. And you know, he's really talking about, you know, fleeing Australia. Well, not fleeing, but just moving to where you're treated best. And of course, >> uh, >> Andrew Henderson, the nomad capitalist himself, has been talking about this for years, and it's all playing out now.
Many Australians are they're just leaving, and many Westerners are just leaving to to where they're treated best. And this is a a perfect segue into Gail's question, who says, a question to Bish. Do you think the new tax rules will impact crypto investors in Australia? So, first of all, if you could unpack what the law is on the capital gains tax law proposal that's been put in by government and then secondly, what how that will affect crypto investors.
>> Yeah, I mean, it's very clear that the Australian government is doing all that it can to get its uh grubby fingers into people's back pockets. Uh I think that it won't do much to curtail demand though. Whilst there will be a bit of a fight uh you know to try to minimize the the new tax laws and if they do come into effect which is looking highly likely uh it's not a it's not going to suppress demand. If anything it might actually drive demand higher as people look for frictionless globally neutral reserve assets that they could then move into uh offshore jurisdictions very quickly. So yeah, I'm not a I'm not a big fan of what's happening at the policy level. It's actually getting closer and closer to socialism and centrally planned economies, which I I cannot get behind. There has not been a single um socialist country that has been run well and has not ended up with higher and higher tax rates. people point to the Scandinavian model, but uh with Scandinavia, they also have a lot of things like, you know, millionaire flight as well as uh quite a homogeneous society from the top down. So, it it makes it a little bit easier to run some of those kind of policies. But here in Australia, we got too many people from many different walks of life to run socialist policies. Uh and I think that at the end of the day, the market is going to push back. Uh, the reason why I'm I'm incredibly bullish on America right now is they have the economy and the growth mindset that can actually land the ship the right way. I'm not saying that they're not going to have some bumpy roads ahead. I'm not saying that they're completely infallible and that the US is is perfect, but I'm saying that they've got the right mindset as to how to get out of a debt bubble. The way they're going to get out of the debt bubble, further growth, manage their yield curves, and get on top of uh devaluing the dollar. They did it back in 1985 through something known as the Plaza Accords. Um what we do here is our government gets more and more involved in free markets and public markets and they start raising taxation uh or tax levels and it just makes it harder and harder to operate. But um whilst getting out of the country is definitely a viable strategy, I've chosen that I'm going to stick around and I'm going to build an incredible business that's going to be based here in Melbourne and in Dallas in the United States. And I'm going to have my say at making this country a better place. So, I'm going to dig my heels in. I hire I've hired 30 Aussies. We trade out of our Storm Rake Melbourne office every day. Uh I'm not going anywhere. They're going to have to do, you know, a lot more to get me out of this place. I was born here. I was raised here. I've got three children here. Uh I I can't thank enough Austral for what Australia has done for me. And so whilst there is economic mismanagement and there's these, you know, disgusting schemes going on and crazy taxation going through, uh it's a country worth fighting for. So I'm going to stick around and build an incredible business and then fight for this country that has given me so much.
when we so you're talking about all the assets that we got in the ground in Australia you know like we when I was doing my econ story time with Adam when I was doing my economics degree many many years ago I remember the model that my professor gave us he said what we do is we take sugar from the crops of Queensland we put it on ships and then we buy it we send it to China and then we buy it back from China in little packets now back in the olden days that kind of made sense because they had better production lines than we did and better uh or I shouldn't say better I should say cheaper labor cost than we did. So for you know taking sugar refining it and then sending it back that kind of makes sense. But when it comes to gas that kind of makes no sense to me at all and it kind of makes no sense to any Australians. And then the other thing that's where get confused is that we say we protect the environment so we're not going to burn coal but so we dig up the coal we put it on gasg guzzling ships and other people burn the coal. And then the other one is, okay, we're not going to use nuclear power because nuclear bad, but we're going to buy nuclear subs for war, but we're not going to have nuclear power plants for cheap energy. And you know, there's just this constant cognitive dissonance or hypocrisy that it just doesn't make sense to me. If Australia had said, "Hey, we're not going to burn coal," and then no one dug up the coal. It's like, "Well, that would suck, but fair enough. At least you're putting your money where your mouth is." If you said, "We're not going to have any nuclear power plants." and then didn't buy nuclear subs. It's like, well, okay, well, that kind of makes sense. And if we said, you know, we're going to put Australians first and actually put Australians first as opposed to selling our resources to other countries at a cheaper price and then buying it back at a higher price.
That would all make sense. So, I I absolutely respect your commitment to this country and I also respect what Adam Hudson is doing. And I just use Adam as an example because he's one of many people who are, you know, going to where they're treated best. And and I'm at a point where I'm like, what do I do?
Do I stay and fight? Do I stay and stand up? Or do I go to where I'm treated best? But ultimately, it comes down to this that America is the is perhaps setting the example for any of for all of us. And this is where I bring it back to Bitcoin. Now, so America is adopting a Bitcoin strategic reserve. We can see that they're becoming energy independent. we can see that they're becoming energy in fact dominant. If you look at Venezuela, if you look at potentially Iran, potentially Greenland, potentially Cuba was another expansion. But you know, whatever they're doing, you can see that they're becoming energy dominant. Then we look at the the fiscal dominance. So the layer zero is energy, the layer one is money. And when we go to the fiscal dominance, well, the big problem of course is the the debt of nearly $40 trillion and climbing fast.
But as you mentioned, you devalue your dollar, you run the economy hot, and then you you basically reduce that debt through uh nominal terms versus real terms. In Australia, why or hang should we two-part questions, one, why don't we have a Bitcoin strategic reserve? And two, or part B, if we did have a Bitcoin strategic reserve in Australia, how would that help the country?
So the first part is why we don't have it is because we are such a blessed and lucky country that we could pretty much do nothing and still become incredibly incredibly wealthy. I think uh Lee Kuan Yu uh the founding father of Singapore came out and said that if Australia didn't have resources it would be a third world country um not far from it to be honest with you. So we could literally do nothing and run some really absolutely dastardly economic policies and still become incredibly wealthy just because of the wealth that we sit on in this great nation. Now in terms of why we uh don't have a strategic Bitcoin reserve is because there's no incentive to do so whereas the Americans have the incentive. The US government certainly has the incentive. They have the incentive because they realize that through their plan of devaluing the US dollar. The best thing that you can hold is alternative assets. Um they've got large gold reserves. They're becoming energy independent. They want to increase their production to 3 million barrels per uh per day and they want to really ramp it up. So that that's part of that energy independence. And they also want to hold Bitcoin. They've also uh signed into effect the strategic minerals reserve that includes things like rare earth minerals and silver. So they recognize the state of play which is invest in infrastructure, invest in metals, resources, own the energy.
That's really what it comes down to, right? That's that's what it boils down to. They've got this alternative plan of action which is to soften the blow of the devaluation of the US dollar. So there is an incentive there for them to do so. We just don't have that incentive, right? We just don't have it.
We have an incredibly uh prosperous nation. Our industry super funds are worth $4 trillion. Our housing market is some of the most expensive in the world, but there's a lot of wealth in our housing market as well. Um the Australian residential real estate market is around $15 trillion. So there's there's an abundance of wealth.
Our resource sector is incredibly strong. Um and we sit back and we're also um heavily taxed. So you get to see why there is no incentive to do so. In terms of what Bitcoin would do as a net benefit to the country. Well, one, it would diversify uh our our income. It would diversify our asset holdings. It would mean that if there's ever a resources downturn or there's a housing or economic downturn, we've got Bitcoin there to cushion the blow. Uh that that's the reason why I would say that it would be wise to do so. Now, whatever you do on a micro or household level, you can just interpret it and scale it to a macro or government level. So to give you a sense of scale, I was looking at some data earlier today, Stokes, the uh median Australian household has 80 to 85% of their wealth tied up with their primary residential dwelling. Right? So that you scale that out to millions of Aussies across the country, that's a heavy concentration in uh Aussie real estate. Now, our government is aware of this. This is why Australian real estate is taxed so heavily uh and that they get into it. You know, taxed on the buy side, taxed on the sell side, taxed on the uh you know, they want to put in a spare bedroom tax. There's all kinds of taxes that they want to levy on it. And the reason why they like taxing property is that it's easy to do so. There's a registered address with your name on it and they know exactly who to collect taxes from and they know exactly how much your property value has increased by. So, very easy to tax. Uh so, that's why the Australian government pushes for it. But I recommend for my investors as well as for the Australian government to have a little bit of diversification, right? You know, obviously everybody here is very much all in on Bitcoin.
You're all in, I'm all in. The audience is most likely all in or combination of digital assets as well. But really what it boils down to is uh we need to diversify away from the um the the rampant reliance on Australian property prices going up and up forever because whilst it's worked for the last 40 years, it would be silly to assume it would work for the next 40 years ahead.
So the way I look at it is it's not a balance of probabilities. I think that a lot of people especially online are in the game of uh predictions. I'm not in the game of predictions as a broker, as an investor, as a trader, as a father, as somebody who runs a business here with 30 employees. I I run my business on probabilities. And so when I look at the Australian housing market not having had a significant correction for 40 years, the probability of a correction occurring next year goes higher and higher every year that the correction doesn't happen, right? Where because people get into this complacency trap where it's only going to go up and up and up. So the way I see it is very very simple. we are going to have some sort of catalyst which will cause the Australian housing market to correct. I don't know what that will be. It's hard to speculate and it's also very hard to uh predict or speculate when it will happen. But what I advise people is just have a backup plan, have a contingency, and it doesn't necessarily have to involve Bitcoin. Mine involves Bitcoin.
I'm all in on Bitcoin, but it could be precious metals. It could be diversifying into um you know uh international shares. is the US stock market is incredibly strong. So there's so many ways you can diversify away from that heavy heavy Aussie concentration risk because if you look at it, if you've just got an Aussie dollar savings account with one of the big four, you got an industry super fund which is mainly exposed to the Aussie stock market and Australian bonds and then your major investment is your Australian residential real estate. You look around you and everything is concentrated towards um the the success of the Australian economy. And that's not to say that I want to become bearish on the Aussie economy. I want us to continue to grow. But that's the level of concentration risk that nobody should uh be walking around with every single day.
So just that little bit of diversification goes a long way, which is where the Aussie Bitcoin reserve come into play.
>> The the thing I've said, you know, I've gone on Martin North's show a few times.
Have you been on his show yet?
>> No, I I should jump on. We've been meaning to coordinate it, but we've haven't had the pleasure of uh actually landing it.
>> So, the moral issue I have with the housing money market being monetized is that it's a it's a market for people to have a home, but we've, you know, as you mentioned, we've got some of the most expensive property on planet Earth. Like I've heard I get different data sets and different numbers all the time, but I've heard you know some of properties in Sydney are more expensive than you know New York and London and Monaco equivalent. It's like Sydney, you know, like more expensive than Paris. All of these immensely famous and desired cities and here we have Sydney is where they, you know, the the base price is just through the roof. And I was in Sydney just the other day and my driver was taking Sounds a bit pompous, doesn't it? But I did I had a I had like a limo and and this guy was he drove me through you know these tiny houses. What do you call them that they don't even have a backyard? They don't have a driveway.
They don't have like a flat.
Yeah, but they were from the olden days.
Uh what are they called? Um like they're they're about 100 years old and they're so they're only like 3 or 4 meters wide.
They got a front door and I think they're called terrace homes. They've got a front door and a window.
>> Victorian terrace. Yeah. Yeah.
>> Yeah. Yeah. Yeah. Yeah. Yeah. Like one of those. And I said, "Oh, yeah. Thank you, Matty Cooper." Yeah. A terrace home. And I said, "Oh, how much is this worth?" Like a million dollars. He goes, "No, no, no. These would be worth like $3 million." And I'm like, "What?" And he goes, "Yeah, yeah." He goes, "That one," because he's from the area. He goes, "That one the other day sold for $3.5 million." Now, it was right near Circular Key. And you know, the location was impressive, but I was just thinking apps actually living there. You can't park your car anywhere. You you could like the entire house wasn't much wider than the studio that I'm sitting in right here. And so why you were excited before we said my man when I said I'm going to sell a couple of houses, it's because first of all, let someone else buy them and live in them. Second of all, when you're talking about the taxes, you said that, you know, there's taxes to buy it. There's taxes to sell it. Well, of course, there's also taxes just to hold it. There's taxes to live in it. There's taxes to invest with it.
It doesn't matter what you're doing with it. You're constantly paying. And that's why I say I don't think you can ever actually own a house because if I don't pay my rates, so I'm sitting in a house that I own now, right? But I don't really own it because if I don't pay my rates, the government will eventually send men with guns and take it off me.
Ultimately, that's what will happen. So, you can't actually own property.
>> Yeah. How how egregious would it be if you bought Bitcoin from me and then I called you a year later saying, "Hey, you got to pay your Bitcoin broker tax."
You would tell me to get stuff rightfully so. Because it's like, "Mate, I already bought it from you. Uh, I'm only going to buy it once, but you know, when you add up all your taxes, you end up buying it three, four times over."
>> Yeah. And people say, "Well, what about the garbage man?" So, well, you've got rate, you know, because you got to pay for, I don't know, street sweepers and garbage men. It's like, okay, fair enough. But that's what your rates is for. So, you've got rates and you've got land tax. And then, of course, if you live in an apartment, you've got body corporate. And I I shift this back into Bitcoin being the perfect property. Now, of course, Michael Sailor has all spoken at length about Bitcoin being the perfect property because, >> you know, whether I own the Bitcoin in America or Australia or China or anywhere, Bitcoin is the Bitcoin.
>> And if I want to move it at the speed of light, I don't need permission. I just it's it's there. And if I want to sell a portion of it, as in like the equivalent of a bedroom or a brick or a window, I can do that. I don't need a lawyer. I don't need permission. I don't need to advertise it. I just press sell. And so at first, like, you know, 3 4 years ago, understanding Bitcoin being the perfect property, I didn't really grasp that concept. I knew it sounded good, but I it didn't make sense to me. I'm now into coming up to 10 years in Bitcoin. And I'm like, uh, 10 years in Bitcoin and over 20 years in property as in real estate. And I'm like, oh yeah, of course. It makes perfect sense. Why? Why am I mucking around with this crap that you can see on the screen when I can just hold Bitcoin? So, >> can I give you some scary stats, Stokes?
>> Please do.
>> So, the average uh national median dwelling is about a million dollars. The Sydney price of housing prices to income ratio is about 13.8. 8x. Our household debt to GDP is some of the highest in the world here in Australia sitting at around 113 to 120% depending on sources.
The average mortgage rate is around 5 a.5% which just jumped by 25 bips yesterday uh which is being already passed on in full by McQuary to their uh mortgage holders. The housing cost to the average salary across the nation is 8.9 times over. So you the the average home is worth nearly nine times as much as the average Australian salary. Back in the year 2000 that was closer to 3x.
So we've tripled the housing unaffordability in less than 2 and 1 half decades. So there is not a single city in this country that isn't being affected by this. Right? Maybe there'll be some really, you know, cheap pockets god knows where in the middle of the outback, but generally speaking, if you're living in any of the major cities, you're paying nine times over your average salary. The interest expense that people expend on property values has gone to 2.2 over the time of the actual property value itself. So, you pay for the property 2.2 times over.
So you you buy a million dollar property, but you're paying it for it in really it's $2 million by the time you factor up all the lifetime expense of interest. So or lifetime interest expense. So this >> and that's just interest that's not rates and land tax and maintenance.
Correct.
>> That's that's not including everything else that we just that we just discussed. Right. So it's it's insane when you look at it and it's it's continuing to get worse because you know you look at you know when we were in the early 2000s it was like 3x then 4x then 5x 6x 7x 8x now 9x now to in terms of price to uh income ratio. So it's getting worse. It's going to get to a point where the uh median dwelling is going to be 20x the uh in in the next decade or so if this trend continues uh where it's just going to become more and more unaffordable. But this is where I say to people who want to or desire getting onto the Australian property ladder. You know, there's two two ends of the spectrum. There's folk like yourself who have got an abundance of properties and probably could um do with reducing two, three, four, five of them.
And I deal with property investors all day who are dropping properties to buy Bitcoin. And then there's the other end of the spectrum, which is people who have been priced out of the housing market, which is I can help you get onto your property ladder by being able to buy Bitcoin. Because 10 years ago, it took you about 4,000, just shy of 4,000 Bitcoin to buy one Australian home. Now it cost you about eight to get onto the average Australian home. So that that compression will continue. So over the next 10 years, it might take you only one Bitcoin to get to the average Australian home. So that's not to say that property prices crash or, you know, Bitcoin just continues to pump. There could be a combination of the both, but essentially we're going to see houses become cheaper in Bitcoin terms, but continue to get inflated in Aussie dollar terms. So there's a strategy here that I've got. There's a method to my madness. And I don't think that Australian property is really a safe investment. It's leverage. It's liquid.
Um it's it's taxed to the nines. The uh Australian housing market is worth 12 to 15 trillion dollars depending on uh where you look at it. It's larger than the ASX market cap plus our GDP combined. So it's it's it's it is a bobble by all accounts and purposes by all intents and purposes. And like I mentioned before, the average Australian has about 80% of their net worth in property. So that's an extreme concentration risk. So what I uh encourage people to do is when you look at all of those facts, there is so many ways you can become extraordinarily wealthy without having to get yourself leveraged and indebted to the banks. And for some reason, I'm the bad guy. I'm the one that the banks point at and say, "He's a he's the bad dude. He's the one that you can't invest with." They block my payments. I've had $9 million worth of uh blocked payments. Thankfully, we've been able to pull more than quadruple that successfully through into Bitcoin and into people's cold storage, but it's still a challenge, Stokes. It's still a challenge. So, the Australian banks are willing to offer you massive amounts of leverage on a massively illquid and highly levered property market, but they will point to me as a Bitcoin broker and say, "Here's the problem." When I tell people, "Maybe you should get away from being so concentrated in your Aussie savings accounts, your industry super funds, and Australian property." and convert a portion of your industry super fund to SMSF, get into Bitcoin or drop that third, second, fourth property and get into Bitcoin, I become the bad guy. You know what I mean? It's just frustrating.
>> Yeah. And the irony in that, my friend, is that of course the truth is if it reduces the bank's risk, that is some of my properties that I've paid off is because of crypto. So that that yes it reduced my risk to the banks or the risk um the banks risk to me but of course the downside for them it's like oh damn it this guy's not paying for the rest of his life anymore. So >> yeah they they want me to stay in the system and this is what happened with the 5% deposit. So when we you know you need a 20% deposit otherwise you're going to pay mortgage insurance. Uh the government said okay we'll help you.
we're going to help you and you only need 5% and we'll cover the the delta between the 5% and the 20%. And everyone's like, "Yay, congratulations.
We got all these first home buyers into a home." And it's like, "No, no, you got them into debt. You got them into debt for the rest of their life." And what you also did was you put prices of houses up. Why? Because you didn't change the supply. You all you did was you increased the demand. When you increase the demand without the supply, the prices go up. And on paper, it's like, "Yay, look, we helped all these these Aussie battlers." And it's like, well, you got them in debt for the next 30 years minimum, and you've put all the prices up for all the houses cuz you didn't change the supply.
>> And they're now teasing they're now teasing a 50-year mortgage, my friend.
>> Of course, it was. Look, it used to be when when I was a kid, I remember there there was no such thing as a 30-year mortgage. It was 20 years, and then 30 years is now just the norm. And with car loans as well, I I really follow the car market in the United States. To me, it's fascinating. I there's a few channels I watch about cars and I can't speak on behalf of all Americans, but I I did live there and I do watch a lot of their their stuff about cars and leases and paying a loan on a car seems to be the norm in America. Now, of course, we we get loans for cars in Australia, but from my life experience of living in both countries, typically more people own a car in Australia than they do in America. that the norm in America is you just get a loan and you either lease the car or you're just constantly rolling over the loan. But in America, they've gone from three years to five years to seven years in car loans.
>> The seven-year car loan is the norm. And of course, America went uh 20 years, 30 years, and now talking about 50 years.
And and this is no dig America. This is what I say is that watch America because you're watching the future. When when the first time I traveled to America, I was I think I was how old was I? I think I was about 15. I went to Disneyland.
But I remember when I came back, it was like, wow, America's I remember thinking this as a teenager. I remember thinking America's kind of like Australia, but sort of 10 years in the future for some things. Then when I went to university in America, America at about 22, I'm like, well, America's kind of like Australia, but 5 years in the future. M >> then when I went to America last year, I'm like, hey, America is kind of like Australia but only about 6 months in the future.
So why do I say that? It's because the delta between the fiscal advancements per se. I mean some things America is so backwards like they're still using checks, you know, like checkbooks so backwards and the tap and >> P to work out my gratuitity and my tips and all.
>> Yeah. All of that. I mean, you know, >> so if you sit in America say yeah in the future, yeah, for some things, but other things you're completely backwards. is like, "Come on, catch up." But I just mentioned that because as you mentioned the 50-year mortgage in in Australia, well, it's already prepared to be rolled out in America. And I've also heard, you know, the 100red-year mortgage where you don't pass a house on to your children, you pass on a mortgage to your children.
>> Oh, no.
>> Yeah. And and for everyone out there who thinks, "Oh, no, but the property goes up." So, I mean, everyone who's thinking, "Yeah, but Adam, you just showed us a chart where the property goes up." I remind you all this when your property goes up nominally in value. So on paper, you've bought a house for a million dollars and it's now $2 million. And you say, "Yeah, look at me. I've got a $2 million property."
Well, guess what? Your insurance has doubled, your rates has doubled, your land tax has doubled, and when you sell it, your capital gains tax has doubled.
So, you haven't made 100%. And there's a comment here from Aussie. He says, "I've got two uh investment properties. would have easily spent around $2 million on them with costs, maintenance, etc. would have been much better off 100% into BTC.
And Aussie, I I feel you, man, cuz I agree with you entirely. I I mean, I didn't know for some of my properties, I mean, I was buying property before Bitcoin was invented, it even existed.
But had I I mean, you know, hindsight, who would have who would have done this?
had I just stopped buying real estate when Bitcoin came out. And of course, I couldn't have had this knowledge. I didn't even know Bitcoin existed until around 2015, 2016.
But imagine I had just gone all in on Bitcoin. Which leads us to this question now, Gish. It's like, okay, >> so Bitcoin's now $82,96.
We got a nice little break.
>> Delicious. Delicious. I love it.
>> Absolutely gorgeous. Uh, and on this chart here, because there's no single source of truth, we can see Bitcoin is at 82,129.
We're back into this ascending parallel channel. Look at Oh, juicy.
>> Oh my goodness. Just just just let let me take a photo of it, mate. Just naughty. It's just a naughty little chart.
>> Oh, you dirty dirty.
Go. You good thing. Julie, come join in.
Um, okay. So, people are saying, "Well, it's too late." So, the the number one thing I get in Bitcoin is, "Well, hang on.
There's thousands. It's not real. I can't touch it. It's too late. It's digital funny money. I can make my own Bitcoin. The government's not going to allow it." I mean, you you know the list, man. You you know the list. Okay.
So, once we get past, you know, all the the nonsense. So, quantum computing is going to destroy Hey, if quantum computing is going to destroy Bitcoin, you should be bloody terrified about your emails, your bank accounts, your data, your cloud, because Bitcoin is the most secure network in the existence of humanity. So, if quantum computing is coming for Bitcoin, your banks, your emails, your data, all of it is wrecked.
And you're going to be pointing at me going, "Haha, Bitcoin went to zero." I'm like, "You better check your super balance. You better check your bank balance." Oh, and you know, all your emails gone. It's all decimated. So, once we move through all of that and people say it's too late for Bitcoin, the when we move on then to altcoins, you know, for me, Bitcoin and Ethereum, they're my blue chip shares. So, I just >> tick along dollar cost average for as long as I can remember. Just keep stacking those and then you're playing the crypto casino with the altcoins.
What's your advice to newbies coming in saying, "No, no, I don't want to buy Bitcoin." So, they accept that they're going to get into crypto. Cool. But we see the same pattern over and over again. They come into crypto and they they hear someone go, "No, you don't want Bitcoin because it's too slow. It uses too much energy and it's got diminishing returns." You know, it's diminishing returns. Do you want my sheetcoin? Because Bitcoin is only going to give you 100% a year where pick my sheetcoin is going to give you 10,000x in a year. And of course, we'll see it play over and over again where the shitcoin goes down 99% and bitcoin continues to go up 50 to 100% per year.
Can you give your brokerage spin onto those coming in who have the human emotion of greed, which we all do, it's okay. We've all got it. How do you curve this greed to say to your clients, >> slow down, look at Bitcoin when they say, "No, no, no, I want to go all in on Dogecoin."
>> Okay, so it comes down to the way I describe it is just probabilities, right? There is an altcoin that can give you a,000%, can give you a 10x return.
There's one that can give you 20x return, right? 2,000%. But what is the likelihood of that event or that return occurring? Uh what is the likelihood of Bitcoin doubling over the next 12 to 18 months? And you compare that based off a balance of probabilities. And that's how you decide to size your investments.
Because if something has a probability of giving you a 10x return, you don't need to go allin. It can represent a very small portion of your overall portfolio. So, if you believe that something's going to go up 10x, you might put in a,000 bucks, 2,000 bucks just to have a little bit of exposure.
You might have, you know, good information, good insights, a real reason why you want to buy that uh that asset or that token or that, you know, whatever it is. But then if you got a $100,000 portfolio, you put in $1,000 and it 10x's, then you've just made a massive return of uh of that that bolsters your portfolio to 10 grand in value. Happy days. But if it goes to zero, which is the more likely outcome, it only represents 1% of your portfolio.
So this is where position sizing is incredibly important. And so Bitcoin, whilst it might not represent a,000% gain from here over the next, say, you know, 12 to 18 months. So you might say, I'll park my capital elsewhere. You've got a much higher likelihood of uh Bitcoin hitting 200,000. So it might be a 70 80% probability uh when you are positioning yourself in Bitcoin. So you always base and size your investments based off a probability of an outcome occurring and the volatility that you're anticipating. So I might put 70 $80,000 into BTC of my $100,000 portfolio. And now if we do double great I get to say take my 80,000 to 160,000. Beautiful.
But if we get a correction, we get a 10% pullback, 20% pullback, whatever, whatever happens, right? Whilst it might represent a uh $7,000 or $14,000 or $8,000 or $16,000 correction, the likelihood of it being suppressed at those levels for a long period of time is unlikely or the likelihood of uh Bitcoin going to zero is close to zero, right? Not impossible, but close to zero. Uh, and so this is where I say to folk, always size your investments based off probabilities and likelihood of events occurring. So the likelihood of your random altcoin or shitcoin going to zero, very high. So the amount of capital that you allocate very little because if you do happen to go onto a runner or a heater or it just goes to the stars, great. If you've pumped up your portfolio value, you can turn that excess capital into a holiday, into more Bitcoin, into whatever you want, right? and you're not having to take on an astronomical amount of risk.
But if it goes to zero, it only represents 1% of your portfolio. So that's how I uh talk my people through it, which is if you want to take risk, you're welcome to take risk, but you have to size it proportionate to the opportunity as well as the volatility.
And that's how I kind of get people to, you know, cool themselves down and realize, okay, this guy, he's been in markets for, you know, 12 years. He knows what he's talking about. So, uh, I I'll size it correctly. So that's how I kind of >> I think you've described that absolutely beautifully, but I I actually come from the other angle and and I say, "Okay, so you reckon this coin is going to do 10,000x?" Well, guess what? It's 10,000 times more risky.
>> And when I sort of structure my portfolio, you know, the the majority goes into Bitcoin and Ethereum, about 80%. And then with that 20% remaining, I you know, I roll the dice and even I break that up. I put half of it into my medium coins, which is I don't know like the ISO compliant coins, you know, something like >> I'm just looking through the charts here. I I really like um BMBB that served me very well. I I >> I do like I do like XRP here as well.
XRP under A$150 is very nice. Yeah, I like it.
>> Yep. And I'm I'm still holding tens of thousands of XRP. tens of thousands of XRP, but I've been holding that [ __ ] for years, man. So, I can't wait for it to get to four or five dollars. I I think it's going to be a good trade. I I like XRP to trade it. I I like trading XRP. I don't think it's going to be the $10,000 coin. I think this is where the XRP army gets gets me wrong. They they think >> I'm sorry to speak on behalf of the XRP army, but they say, you know, better Bitcoin is the only ISO compliant coin.
All the banks are going to use it. It's the center of the universe. You don't get it. It's like, okay, you've been saying that for years. And the volume isn't on XRP, it's on Tether. And in fact, if you look at some of the volumes, you can see there's more volume on in the last 24 hours. Uh, I think we've got more volume on Dogecoin than we've got on XRP. But let's not jump on the XRP bandwagon yet. So, what what what I like to do is, you know, most of my money into Bitcoin and Ethereum.
Then, of the 20% remaining, I put the majority of that into the mid-range coins of B&B. I like Salana. I've had Tron for a long time. Uh, I've had too much exposure to Cardano. That's performed very well, but that's I'm going back many years. Uh, chain link I'm into. I think that they're all good.
But then what I do is I roll the >> Did did you did you realize I just only just realized I thought I'd share with you. We're only 6% away from the yearly open on Bitcoin.
another another couple of days of what we've just already seen here now and we're pretty much we've retraced all of the draw down for the year and we're halfway to uh all new all-time highs. Uh it's it's mate like guys come on come on go out there call Storm Break buy Bitcoin now come on let's go I'm getting buyers at 82100 >> but beyond Bitcoin I mean we've got the blue chip share of Bitcoin but what are you feeling bullish on in the altcoin market? I Um, I'm really liking I really really like ETH. I really like XRP.
Soul, hyperlquid, can't be discounted.
Um, Zcash I love I love Zcash. Like I've uh been been building up a position.
I've been trying to navigate the regulatory gray area to try to get that listed here on my side because I'm a big Zcash fan. So yeah, there's probably the layer ones are the ones that I I really like. ETH soul hype. The ISO tokens is pretty much just XRP and HAR. And I like Zcash for the privacy aspect. But something that I thought I'd share with uh you and your audience and then we can discuss um is try to find two or three genuine investments that you can really size up. Because if you try to dilute yourself across 8 10 coins and they go as well as you anticipate them to go, your few thousand in each of them doesn't get you very far. Whereas if you have two or three really high conviction bets, then you you can do a lot better.
And the math proves it. So, let's say you got $10,000 to invest. You put $1,000 into 10 coins and then let's say on average um you get one of them that goes on 10x run. So, now you've got $1,000 has become $10,000. You've doubled your portfolio on just one trade. But if you go in on something that has uh a 2x or 3x potential, something like an XRP, something like an ETH or a Soul, and then it does hit that 2x or 3x, and you go all in, uh you've got a $10,000 investment, that's now $30,000 that you've gone up to 20 thou 20 to $30,000. So, can you see what I mean when the math backs what I'm saying? So, if you size down your investments and you spread yourself across uh many different ones and you hit a 10x, you only make 10 grand. But if you size in maybe something that only is going to go 2 3x, then you do a lot better because then you've got a $10,000 investment that's made 20 $30,000. So, whilst your overall percentage looks smaller, your actual nominal returns look a lot better because you sized it correctly. And this is where I I guess where people come to me for the expertise side as to how to size the trade.
>> But when you say, let me just because you and I have had our rants on XRP. When you say you like, this is a very subjective term. When you say you like XRP, >> what do you mean? You like it to trade it? You like it to just >> I like it because it's cheap. It's cheap right now. I think that it's it represents a a less than a 5% allocation of my overall portfolio. Um I like it under a $150. I I could see this hitting $5 within uh when the market conditions improve and the cycle where you get to that, you know, late stage uh bull run.
I can see XRP hitting $5. So for me it's like I I I'm willing to diversify away from Bitcoin because I'm not a maxi. Uh but I do hold, you know, 80 to 90% of my portfolio in Bitcoin at any one time. So for me, it's like uh I still see BTC as the king, but I don't mind uh having exposure to other assets that can then increase my overall Bitcoin stack. So what I mean by I like it, it's under $150. It's in my riskreward profile. Um, I like the trade. I like the I like the setup and I'll take it because it meets and satisfies my my rules, but I'm not I'm not going to uh be here telling people that XRP is going to $10,000 or 589 or whatever it is. It's like I have to be realistic, right? And I also have to have a foundation that I can look back on and say this is my body of work.
This is what I've been talking about for the last 10 years. So when I say I like XRP is because I don't mind the technical setup. I don't even mind the fundamental setup. It's going to do really well from the clarity act. It'll take a it'll it's one of the winners of the clarity act, if you will. So, for me, it's a big tick. Fundamentals and technicals marry up. They've been positioning themselves for years to take advantage of it. And, you know, eventually I would love to um get exposure to the Ripple company stock because I believe the stock of Ripple will do better than the token of of Ripple. So there are so many ways you can get exposure to that ecosystem that it doesn't have to be predicated upon the token. People trade the tokens as like some sort of equity proxy which I don't think is the right mental framework to have. Equity is equity and tokens tokens. Um and that's why I like Bitcoin as money because that way I don't have to worry about uh what's the difference between the two. Bitcoin is the monetary network and the monetary asset of choice. And so that's how I trade it. But yeah, like XRP for the technicals and fundamentals that I just mentioned. But I'm not going to say that this guys is um it's it's going to $1,000, $2,000.
>> Uh it's been a while, but I got to ban someone from the chat. Uh Bit Simple is a Bitcoin maxi that's just had a massive tantrum on the show because you've spoken about altcoins.
Uh Bit Simple, you've never been here before. Uh you don't understand Bishes and my commitment to Bitcoin and how much we love this coin and how it's the apex predator and asset of human existence.
Uh but we also don't discriminate against profits on this show and we also don't discriminate again discriminate against the opportunity of the more than 2 million cryptos uh in the market. So um thank you for coming but you are banned and deleted from the comments.
You are banned from this community because one strike you're out. It's in the ticker below. We love Bitcoin here but you're a Bitcoin maxi and it's now the fourth Bitcoin maxi I've had to ban from the show. unfortunate because like I was just at the Bitcoin it was I was at the Bitcoin conference in Las Vegas last week and the Bitcoin community does have its toxic maxis but there's some really good well-meaning and well-intended Bitcoiners out there that actually uh produce some really amazing protocols and are building on Bitcoin and investing in Bitcoin. There's one guy that I met who's a uh a farmer out in Montana and he's got something called the Bitcoin ranch where he's got like a little Bitcoin museum. He uh sells his beef in Bitcoin. He loves it, right? Uh but he's he's an investor. He owns farmland and he he trades and deals in cattle. And so, you know, if you're a Bitcoin max, he's like, "How dare you own that farmland and sell that cattle when you could just have it in Bitcoin?"
It's like, dude, this guy's a real Bitcoiner who's building an amazing um this amazing farmland complex, this this entire thing with a little museum at the front so that people can come. is like a little uh tourist pit stop, right, for the the Bitcoin ranch. A really cool guy. I love him. You're an awesome character. Like, good on him. But he doesn't have his entire net worth in Bitcoin. He's got a majority of it. He was like, "Oh, well, godamn, you're going to be in in the United States.
You're going to be in Dallas. I'll do business with you." It was really awesome. And but he's got a lot of his wealth tied up in his cattle and his farmland. And that's what it produces his income to allow him to buy more Bitcoin. So anytime you adhere to any sort of maximalism, whether it be Bitcoin maximism, XRP maximism, ETH maximalism, you've missed the forest for the trees, right? Bitcoin is the base money. It's the genuinely the best investment you could ever make in your life. But there are other ways you can express your investments in the markets.
And it comes down to what are you looking for? Are you looking for a trade? Are you looking for yield? Are you looking for income? These are there are assets that serve different purposes. You just can't marry one position and say you can't touch anything else. Um, that's not how it works. The only time you can not touch anything else and get married to it is when you're dealing with your wife or your husband, right? But when it comes to your investments, everything's fair game, right? So, keep it simple, guys.
>> Well said. And, you know, like I don't eat just one type of food and I don't have just one type of car or one type of tool in the shed >> and I don't just have one friend. And even if you look at Michael Sailor, the the Bitcoin maxi of maxis, he owns his house. Like >> don't get me started on Michael Sailor, mate. He's he's starting to give me. So I was at a Q&A and everybody was just glazing him and I only asked the one I wanted to ask the one question in the Q&A when we when I was in the Venetian at Las Vegas. And I said I wanted to ask him. I put my hand up and they kept skipping over me. I said, "Where does the yield come from, Michael? you know, you've been promising people 11 and a half percent all this kind of stuff. And I wanted to ask him that question.
Nobody asked that question. Where does the yield come from? And so recently, Michael Sailor has come out on record.
You buy Bitcoin with credit, you let it appreciate, and then you sell the Bitcoin to pay the dividend. Right? like this guy is whilst I do respect what he's done and the kahonas he has and the the actual uh you know development that he's put into this space cannot be taken away from him but you know he's a bit of a fiat maxi in the sense that he loves credit he loves debt he loves leverage he loves his US dollars he doesn't see Bitcoin replacing the USD so for me I I I don't um you don't want to appear or worship one single person or adhere to any one single philosophy because people will let you down, right? Worship is only, you know, reserved for the most high, right? Individuals make mistakes.
They're fallible, right? I think that it's just really frustrating when I see people holding on to these rigid mentalities and these rigid ideologies, particularly when it comes to investments. Investments and trading is the one place which punishes rigid ideology. You have to be flexible. You have to be adaptable. For me, Bitcoin is the base of my portfolio. It's money in the purest form. But I do like other investments, not because I despise Bitcoin or because I'm short Bitcoin or I don't want to buy more Bitcoin, but because it serves different purposes.
And uh I think it's really important to realize that.
>> Yeah. I I mean I've had the honor of interviewing Jeff Booth and you know he's a pure Bitcoin maxi but in a in a nice way you know like >> and if you look at Andreas Antonopoulos he's the one I really want to speak to if it wasn't you know Andreas is I call him I've just given him the name that the godfather of Bitcoin but Michael Sailor what he's doing is that you know everyone plays their part in the community. This is what I say. Everyone plays their part in what's happening in crypto. Whether you're a buyer, a seller, a lover, a hater, a speculator, it's all part of the ecosystem. Whether you're in the ETFs, whether you're interviewing about it on mainstream media, even if you're calling it out and saying this is bad, you're all part of this journey. And I think Michael's part is that he's bought in a lot of traditional financial investors that otherwise never would have looked at this because they're like, "What do you mean I just buy and hold it and there's no yield?" And he he's engineered wrongly or rightly a yield for a more or less a digital yellow rock if you know what I mean. So the example I give is this. If I give you a piece of gold, where's the yield? Well, there is no yield.
>> No.
>> Okay. So then how is gold the biggest market cap in human existence. Now you've got futures market, speculation market, you've got jewelry markets and electronic markets. And there, you know, gold does a lot of things. And Jeff Booth brings us into this and says every when I interviewed Jeff I said what about Ethereum? You know because the way I see Ethereum is it's the digital oil or the supercomput of the world. But Jeff Booth goes no everything that you can do on any one of these coins you can do with Bitcoin as the base layer. And I I still I'm only up to about 6,000 hours in Bitcoin. So I've still got more work to get to where he is. He's probably up at the 20,000 hour range. And you know, he's such a deep thinker when it comes to Bitcoin. When you look at Andre Andreas Antonopoulos, he's really in the philosophical side of of it being a pure money, not this fake money that's linked to nothing and printed out of thin air. So, you can see how these players have different parts in the ecosystem. Michael Sailor is an engineer by trade and he's found out an engineering way of putting fiscal tools onto something that's very predictable.
like it's like I don't know using metal and concrete which is very slow, boring and predictable and making some pretty impressive products out of it you know like buildings for example and whatever happens in that buildings then you've got everyone who's competing with it saying well we've got a better concrete and metal we've got plastic and over time you can say well no no after all this time concrete and steel is still the foundation for buildings you're not going to make a building out of plastic even though you can print certain aspects to to this day we still use the base layer of concrete and steel to make massive buildings. What you put in those buildings is in my mind is like the layer two and the layer three. But of course, what what you've just described then when it comes to investing is I say it this way. I say don't discriminate against profits.
Yeah, you're allowed to like Bitcoin, but you're also allowed to speculate in others. And and I'm so glad you mentioned XRP tonight, Bish, because you and I have flogged the hell out of XRP.
>> Yeah, of course.
>> Yeah, that's right.
>> I love flogging.
>> Oh, yeah. Me, too. and Scotty. Not not like that, Julie. Julie, he doesn't mean like that.
>> No, no, no, not like that.
>> But Scotty's in in the chat there, J1159, and and he's an XRP Maxi. And and I'm I've only banned one XRP Maxi from the channel who um I won't go down that path. But what what we're saying here is that I don't discriminate against profits. If I can make profits in a coin that goes up, then I'm going to take it.
I'll give another quick example if I may. When Pepe started to go ballistic, it to me it was just so clear that Pepe was going to make a lot of money. And I I put out a post on X, this was years ago, mate, you know, just before it went ballistic and and I put out a post saying I just bought a huge bag of Pepe.
I didn't say you should buy a bag of Pepe. And I didn't even leave I don't think I left a link to buying Pepe. And people got so angry. How dare you talk about a meme coin. How dare you suggest that you bought this? And I'm like, dude, I didn't tell you to buy it. I just bought it.
>> Sure as [ __ ] I made a fortune off Pepe.
I made a fortune off it. And the same was with Dogecoin. I bought Dogecoin about four years ago. Do I think it's a future of money? No. Do I think it's got any real use case? Not at all. But I don't discriminate against profits. And so if you, as you know, the saying that we've got this channel um from SJ, if you're out there, Steve, he says you don't date them, you just trade them.
And that's all right. Yeah. You're not cheating on your wife or disobeying your god when you make money on a coin that you can say, "Yeah, volumes look like they're increasing. Price is pretty low, supply looks reasonable, market cap's got a lot of room to move there. Let's make some money."
>> Exactly. And there's so many ways to trade that you don't even really need to over complicate. Like for example, when the um uh oil crisis uh kicked off because of the straight of Hormuz, the trade that I was doing was trading the spread between UK and US oil. So if you go to trading view for example uh Stokesy and type in UK oil and then you minus US oil, that spread between the two is what I was trading. So I got to a point where the difference between the two was getting closer to $15. there was a there's a massive gap between uh Brent and West Texas and I traded it by shorting Brent and buying West Texas and then that gap closed and I made a lot of money, right? So, and then what did I do with those profits? I went out and bought a big stack of Bitcoin, right?
Because this was this asymmetric opportunity in the market that I was able to take advantage of. And it was just this idiosyncrasy, this this fleeting thing that comes and goes. It happens every now and again. And you get to see this big spread between the oil markets. Usually they trade within $2 to $3 of each other. And it's really interesting how in the trad world, people don't care. There's no such thing as an Apple Maxi or a Microsoft Maxi or some guy who's trading oil spreads doesn't touch yield spreads or, you know, they don't trade against themselves or corner themselves into like this really specific. I'm an oil spread trader. I don't spread calendars and yields.
>> I'm in the Microsoft tribe.
>> Yeah. I'm in the Microsoft trade. I don't I don't trade Apple. You don't see that. You don't see that. You trade it as based off of what you want. Sometimes you're getting bearish, sometimes you get bullish. But this is why I say have Bitcoin as a base because Bitcoin is what you build your portfolio upon, right? Build your Bitcoin on the build your portfolio on the most solid foundation on God's green earth for your investment portfolio, and that's Bitcoin. Whatever you do outside of that, that's fine. That's up to you.
Whether you're trading altcoins, you're trading tradefire markets, you're trading derivatives, that's up to you.
That's your choice. But build your foundation on Bitcoin and don't try to trade your Bitcoin because you don't want to muck around with your foundation. Leave your foundation untouched. Set the stone and then don't move it. And then whatever you do outside of that, you can then take principled and uh, you know, well calculated risks in order to make those trades a little bit better.
>> Absolutely. And and someone here, you look kind of new, but UC UCG AG41 and says, "And which ones which ones did you lose a lot of money on?"
>> Oh, take a pick, mate. Take your pick.
Where do we start? Where do I start? I >> I think he's having, and I could be wrong, so I I apologize if I've perceived the message incorrectly. I think he's having a a little bit of a dig saying, "Oh, you know, you made all this money on these coins." Mate, I've lost heaps of money on heaps of coins.
It's like the analogy I give is this.
And as you just said straight away, as a trader, you're not ashamed by it. Oh, Mike, take your pick. I've lost heaps of money on heaps of coins. But as long as you're winning 51% of the time, you're ahead. And the analogy I give is this, bish, is I say, I I play baseball, right? And a good batting average in baseball is 300. What does that mean?
That means you get struck out or caught out or run out and your first hit seven out of 10 times.
you're struck out. Seven out of 10 times that you go up to bat, you're struck out and only three out of 10 times you get on base. That's a good batting odd.
That's a good batting odd. Believe it or not, 300 is a good batting odd in the big leagues. Now, I'm not in the top league, so I'm batting a much higher average than that. But the the point is I'm not batting a thousand. I'm not getting a th00and out of a thousand. And if you look at Michael Jordan, he says something along the lines of, you know, I missed 5,000 shots.
>> Yeah. I mean, his career average is nearly like 50% or just shy of like 49.7% is his career average shooting from the field in free play, right? This is the greatest basketball player of all time and he's shooting 49.7% from the field. You can't call Michael Jordan unsuccessful. You can't call him not you can't call him the GOAT, right? Of course he is, right? Just because he missed half of his shots, right? What he did is he made half of the shots that mattered and he did them in really critical big games. Game six, Utah Jazz.
Fade away. Bang. That was delicious.
Right. So, yeah, losing and missing is is all part of the game. It's just how you lose and and mitigating the risks when you lose is really important.
That's why I talk about position sizing a lot. We >> Exactly. You've linked it so beautifully there. So, the position size is this.
The the So, for everyone out there, when you lose a trade, it's okay. When you play soccer, sometimes you kick for goal, you miss. In basketball, sometimes you shoot, you miss. In baseball, you step up and you get struck out. It's okay. It's okay. But what Bish is saying here, and what I all want you to take from Bish tonight, and I've got a couple of questions from the viewers before I hand over to Storm, what's Storm does, is that make sure you get your position size and allocation correct. Don't fall for the narrative of this is the better Bitcoin. You don't want to buy this one.
You want to buy my coin. It's new. It's shiny. It's going to go all the way to the moon. Because after years in this space, I have seen countless lives destroyed by going all in. All in on the better Bitcoin. They And when I say allin, Bish, I mean allin. I don't mean just the money they've got to put into crypto, mate. I I've heard horror stories and and I get so upset by it.
It's part of the reason why I run this channel to protect you out there because they go out there and they go, "Right, I've heard of this coin." They go all in with the their liquid cash. Then they get they borrow on their whatever they've got to put it into the shitcoin.
And then they sell the house and then they sell the pension. And the worst one bish or they liquidate their pension.
They take from their 401k, their wroth, their superanuation fund, whatever they can get money on. The worst one bish is they bring in their mom, their dad, their brother, their sister, their employees, their employers. Oh my god.
And then the coin goes to zero. And then of course, but it gets even worse, the sunken cost fallacy. Well, in for a penny, in for a pound, and they throw good money after bad, and they get absolutely wrecked.
>> Wrecked. Like, I'm talking death, divorce, suicide, rest, uh, wrecked, and no exaggeration there. So, now we bring it back to Storm Rake. So, you provide a human. So, and for the viewers out there, I'm not being paid for this interview. Bish and I uh have been on a long journey together. uh I trust his product. Uh if you uh use my name when working with Bish, you'll get a discount on your trading fees. But let's bring it back to what's happening here with you, Bish. So you provide a human service in a digital space. That is if people want to come over to the crypto.land, what they can do is they can uh click on any of these links here to buy your own crypto. Choose your crypto. Go to Coinspot, go to Binance, go to Bit Unix, use Marx. But if you want to go down to this good-looking rooster down the bottom, you can use >> I got to give you a new photo. That's when I had the buzz cut. Now I've got the uh I've got the longer hair now. So >> Oh, no mullets. Sorry, mate. No, no mullets on on on the crypto. As long as it's not a mullet, I'll put you up there. You send the new phone.
>> But I've got a question here from Gail.
So you can I mean you So someone rings you up and says, "Hey, Bish, I want minimum $2,000 worth of Bitcoin." Because Bish and his staff aren't going to spend 8 cents, buy you eight cents worth of Pepe. This man has kids to feed. He's got a family and and employees to be paid. And come on, guys, you got to be reasonable. You can't ring up a human broker and say, "Can you buy me 50 cents of this coin?" But if you want to buy 50 cents of a coin, come over to CoinSpot, come over to Bit Unix, come over to here. Different services for uh different needs. But Joyce has asked you, I said it was G, it's Joyce.
Bish. She says, "Bish, would you have to hand over names of people who have BTC with you?" So, someone comes to you, they buy $10,000 worth of Bitcoin, you can either send them the Bitcoin to their wallet or you custody on their behalf.
>> Mhm.
>> When when she says, "Do you have to hand over names of people?" I'm guessing that's KYC. Do you want to tackle that one there?
>> Yeah. So I do have to onboard you through the normal channels and you know know who I'm dealing with to make sure that you know nobody's picked up your uh documents and are trading on your behalf. But to answer the question which I think do I hand it over to any other third parties? No, I don't share information with the ATO or other uh government bodies uh to then say hey this so and so has an account with me with so many bitcoin or has bought five bitcoin with me and then has withdrawn.
That would never ever happen. And that's actually disclosed in our privacy policy as well, which is in the website. So you go storm.com, read the privacy policy, it's all in there. Uh, one thing that we do because we're an Australian business, we're based here in Melbourne. We're actually just successfully launched our Dallas office last week in the United States, which I'm super excited about, but more on that later. uh if I was to get a court order and somebody was to say give me the details of ABC XYZ and it comes from the magistrate's court or county court or supreme court whatever it is and it's a jurisdiction in which I'm operating in I have to comply and oblige right you can't just turn around to a court order and say no go stuff yourself but I'm not handing over details of my clients to governments and third parties I just verify who I'm dealing with and that's it your documents don't even sit on my servers right that's reallyant Important to note that you send in documents, they get verified and then I get to know who I'm dealing with and it doesn't sit on my servers. It doesn't sit on my site. It doesn't sit anywhere. So your identity when dealing with me is kept private and discreet and then at the end of the financial year I'll give you your uh transaction records and that's it. The only time I'm obliged or or obligated to share transaction details or account details is by court order. And that's only if it's got a specific uh entity or name on it. Otherwise, I'm not sharing anything.
>> Okay. So, how does it work? So, people want to come to you. What who would come to you and why?
>> Well, anybody who needs uh guidance and insights on how to best manage their portfolio is ideal client for us. Number one. Number two, people who love good value and a good discount. So, for example, and this is not to um take anything away from Coinspot, they are an incredible organization and I I think they've onboarded I think close to like a million Aussies into into BTC. So, can't take that away from them. But you can buy with Coinspot one Bitcoin at 115,900 or you can come over to old uh Storm Rake and you can buy it at 114 even.
Right? So, you can buy close to 116,000 or you can come to me and you can buy at 114 and you can compare that. It's called the Storm Rake challenge. Go put $10,000 into your Coinspot account, put $10,000 with Storm Rake and see who gets you the more Bitcoin. 10 times out of 10, I'm going to get you more BTC.
>> Yeah, but I got to push back. That's even after fees included. I've got to defend my good friends at Coinspot because I I would suggest that you're talking about buying directly over the shelf or directly on the uh buy sell tab without going to the markets. Is that fair to say?
>> That is fair to say. But even if you go to the market and you look at how much is available at any one price point, it's not that deep, right? So even when you look at it, if you're coming in with 10 grand, 50 grand, 100 grand, Coinspot's fantastic, don't get me wrong. Even their market section is great. But then when you look at the fee which is like usually 08, you can get it lower if you're uh trading with a bit more size. But if you're trying to put through size at the one uh price point, you face what is known as slippage. So you see on the order book 110 uh 114 or 113 or 115, whatever the order book is showing you, but there might be only 0.002 of a bitcoin at that price. And then you might be trying to get filled on one bitcoin. By the time you get filled on one bitcoin, even if you go to the market section, you slip yourself through the order book. Now, you can put yourself on limit orders, try to wait, make it uh on the make. You can try to do all kinds of things to try to get yourself a better price, which you can do on exchange, don't get me wrong, but you have to be patient. You have to take your time. You have to know what you're doing. Or you can just give old mate Bishop a call and we can get you a better price as well. And like I'm like Bunnings, right? If you can find a better price, I'll beat it by 10 bips, right? So try I'm I'm happy to be competitive on pricing because for us we want to win on price, not on fees. We're not a uh we're not cheap service. I don't want to try to diminish the value of our service by any means, but we're helping people maximize their Bitcoin purchases and ensure their portfolios are constructed in the best possible manner. So we handle self-managed super funds. If you're trying to onboard family trust, you're trying to set up legacies so that way uh legacy planning so that your children or your grandchildren can inherit your assets, that's who people come to us for. Uh and we're happy to work with people with as little as $2,000. So, it's not like we're for the big boys who, you know, are spending hundreds of thousands of dollars. That's certainly an advantage that we have, but even looking after smaller accounts who've got a few thousand. So, and again, this is not to take anything away from Coinspot. We use them on occasion if they give us the better price. I love their team. I love the guys there. I catch up with them at all the industry events, but I just think we're a little bit sharper in terms of our pricing and our service, but you can always come down and experience it for yourself as well.
>> What um when it comes to storage? Hang, I'll go back a step. Who are you available to? I had one of my viewers write to me and say, "You used to be available in this region. You're no longer available in this region. What what's changed? Where are you and are you not available to offer services?
>> Yeah. Yeah. We used to be a little bit more available in Europe and Southeast Asia, but we're uh due to regulatory requirements, we're only able to service Australia, New Zealand, and the United States. And even within the United States, it's 49 out of 50. Uh we can't service New York at the moment. We're looking to add New York by the end of the year, but we can service the uh 49 US states out of 50. and we can also service Australia and New Zealand uh with plans to have New York up and running by the end of the year. So for us, we're a full-ervice broking team servicing both sides of the Pacific. We have an office in Dallas and we have an office in Melbourne. Um and I'm I'm part of the executive team and one of the the owners here. And so when you deal with me, you're dealing with somebody who's directly in the operations of the business. Um and has a real skin in the game. So um this is a great team, one of the best teams in the industry. I'm very biased, of Of course, I'm going to say that. But I built this team brick by brick, person by person over the last four years. Uh only when I started working with Stokesy 2 years ago, there was only four of us. Now there's 30 of us. Um and it's a real privilege to have set had that growth even during a bit of a tough bare market over the last 6 months. I've got a great team and I'm very proud of them as well. um got a lot of young guns fresh out of university um on the trading desk and on the brokering desk, but everybody in the management team is got at least uh 10 years of experience in financial markets. In some cases pushing 20. So we're we're very well seasoned leadership team and we've got a really young hungry uh and very ambitious broking and trading team and we're very competitive. We're we're having to compete against Coinbase in the US and Coinspot here in Australia.
These are the titans of our respective jurisdictions, but uh we give them a good fight, but we're we're like a a small it's David versus Goliath. They're these massive monolithic institutions.
Um and we're just a rag tag team of brokers operating out of Melbourne and Dallas.
>> Well, I'm I'm happy to hear about that growth. And I've got a little uh motto here for you from Gail. Gail says instead of the Bunnings price guarantee or the Bish price bunny guarantee, it's the Bunnish price guarantee and Aussie goes on to say, >> so it's now the Bunish price guarantee.
And Aussie goes on to say he loves a Bunning sausage, but not like that, Julie.
>> Um, >> Julie Julie's been coping strays all day. You >> No, no, not all day. All years, mate.
Julie is like the star of the show.
Yeah. Not just today. This is just another day in the office for Julie, isn't it, Julie? Um, so why would people, just to close off, why would someone ring up you and say, "Hey, Adam sent me." Why, why don't they just ignore that we've spoken, why don't they just bypass uh coins uh sorry, the the crypto.land and bypass drop named dropping Uncle Adam? Why would they use my name when calling you?
>> They'd get a 33% discount on the brokerage fees. So, our headline rate is 3%, but for Stokes Community, it's 2%.
Uh keep in mind guys that will be going up to 2.5% as of uh June 30th or July 1. But anybody who's opened their account prior to the 1st of July gets locked in on the house rate because um you know cost of service is going up here. It's not easy to compete in Oz in America. So our headline rate is going to 3.5 and our discounted rate is going to 2.5. But I'm a man of my word. I have never once increased any of my legacy clients brokerage rates. You open an account before June 30th, you're locked in on that 2% for the life of the account. I can increase my rates to 10%. Not that I plan on ever doing that, but you'll be locked in on 2% for the life of your account. So, if you've been arming and aing about opening an account with us, I'd encourage you to come and experience the Storm Rake service. As long as you're within Australia and the US and New Zealand, of course, we'd love to service you. uh and we'd be more than happy to take care of your business and you get to lock in the rate and opening and maintaining account is free. You only pay for the trade.
>> What what's the cut off for that? So when does the rate first of all well done on honoring the original deal? I respect that and thank you for that. Uh but when's the cut off date? So if people want to come in when when do you go up to 2.5 to and 3.5?
>> Before before June 30th. So July 1 is when we roll over >> Yeah. into the new financial year. Makes sense.
>> All right, Bish. Uh, any last words to you before I send you on your way to your family?
>> The only last thing I'd love to say is guys, I've appreciated immensely all of the support I've received from the Crypto.land over the years. It's been a a long hard fought battle. We've seen multiple bull markets together, guys. We started working together when BTC was 40,000. So, we've rode it up to 126 and back to 60 and now at 82. So, we've done a lot of work together, guys. I've really appreciated all of the the vote of conviction that you've had by investing with us and I hope to continue to serve you guys for many years to come and uh keep an eye out on the platform because not only can you be able to withdraw and deposit in the platform self-service but self-service trading is coming within the next four weeks. So you can trade with me if you or with one of my beloved brokers on the trading desk or you can choose to self-service in the uh on the portal and the self-service portal will have a much lower minimum. So, you can trade with as little as 500 bucks. So, if you want to get started, start now. Open an account.
You've got the self-service portal to take care of you, and you've got full service brokers taking care of you if you want to put $2,000 or more into the market.
>> Love your work, Bish. Thank you so much.
And uh enjoy your evening, and I look forward to seeing you in Melbourne shortly. Thank you, sir. Take care.
>> That was our good friend Bish from Storm Rake. We love having him on. Uh genuinely good human being and an exceptional service that he offers. Uh, I just want to go through some comments here. Some good stuff. First of all, Blasmus Liel has his album. Blasmus Liel, where are you? You've got your first album released. Is that right?
Where are you? I got to find it somewhere. If you're still in the chat, Blasmus Lel, I've got like 4,000 chats here, but I know that apparently you have released your first album. How do we see it? Where do we buy it? We're all part of the community together. Blasmus Liel's been here for ages. Here we go.
Blasmus Lel going all the way back up.
He says, "Four singles being launched over the next month before full thing drops. Such a good feeling after two to three years of blood, sweat, and tears outside the day job." And here it is. He goes, "I have a commercial." And no, not that one.
Where are you blasphemous liel? Where's the comment? He says, "Evening all BTC building momentum first single off album out tomorrow trying to contain excitement all round. Congratulations to you uh death metal in the community. Uh we're a very diverse community. We do a lot of different things outside the world of crypto and often it comes spilling into this space and Jump for Joy has suggested that we go on a cruise one day. All of us on a cruise one day.
Clothing optional. Over to the rankings.
Bitcoin 1, Ethereum 2, Tether 3 with XRP at 4, BNB 5, USDC at six with Salana at 7, Tron, the old Tron at 8, up 6% to 34 cents, Dogecoin at 9, and Figure Heloc at 10. White Bit token at 11, USDS at 12, Hyperliquid 13, Cardano 14. Well done. Sort of. Cardano is up 8.6%, went as low as position 15, back up to position 14, but it was at once a was at I think position four from memory years ago.
Craig Patton, if you're out there, We need this one to come back.
Way overexposed. Zedcash, you're at 15 with Leo token at 16. Bitcoin Cash, the better Bitcoin, isn't it? Ramsey at 17.
Monero the true privacy coin at 18.
Chainlink 19. Toncoin at 20. Canton CC at 21 was Stella XLM the cousin to XRP at 22. Meme core 23, USD1 at 24 with Litecoin holding at 25 slipping back from 24, bouncing around between 24 and 25. I stable coin at 26, Avalanche at 27, sui at 28 with Hadira at 29, Athena USD E at 30 with Shibainu still in the top 40 after all this time at position 31 and Rain slipping down to 32. PayPal holding at 33 with Kronos CO at 34. Circle us at 35 with Betenza getting another position back up after its big hit with the core dev leaving up 16.6% over the week to position 36.
Tether Gold at 37 and Global a stable coin at 38 with a Black Rockck USD digital Black Rockck USD institutional digital liquidity fund the longest name in crypto at 39 with packed gold at 40.
Let's squeeze it in. Unis swap at 41 and Polka Dot at 42. Over to the biggest gainers and losers. Uh first of all, let's do volume. Let's see what's happened over the last 24 hours. Who's got the biggest volume over the last 24 hours?
Not that volume, Andrew.
Uh, Tether, the biggest volume with $75 billion over the last 24 hours, followed by Bitcoin at 44 billion, uh, Ethereum at 17 billion. This is 24-hour volume.
USDC at 16 billion, Salana at 4 billion, uh, and then XRP at 2 billion with Dogecoin at 2 billion. XRP more specifically at 2.4 billion, and Dogecoin at 2.2.
Uh when we're talking about XRP feeling bullish, I I hope to exit at $5. If I could get XRP to $5, I'll be dumping the whole lot. Probably keep a little bit just cuz can't let go. But I'd be happy to see we're talking US dollars here.
Everything US dollars. If XRP could get to five bucks, I I'll take it. I'll take the lot. Over to the biggest gainers and losers. The biggest gainer is Sky AI.
Another Skycoin. This is now Sky AI up 227% in 7 days. It's at position 81 in the top 100 by market cap, but the second biggest gainer up 227.1% in 7 days. Well done, Sky AI. Never heard of you. Can't know them all, but congratulations. Toncoin, you're up 73.8%. The second biggest gainer. Wow, Toncoin, you still got a lot of work to do. Let me just check back up to position 20. Let's go to max.
Look. Gosh, that's 7 days for Toncoin.
Look at Toncoin for 7 days. Criy. Criy.
That's pretty impressive. If we go to max. Yeah. Still a bit of work to do.
Still a bit of work to do. So, SC uh did I say Sky? Toncoin. Toncoin. Uh its all-time high was $825.
It's 72% away from that all-time high.
But I tell you what, that's a pretty good run there. I mean, look at it on the chart there. That's vertical. If we go to the month, look at that.
Still got a lot of work to do. Still got a lot of work to do, but that's a pretty impressive uh breakout over the week.
Over the week, the second biggest gainer. Kaboom. Up she went. Well done.
I've still got a fair bit of Toncoin, but I'm down because I I didn't buy it at the bottom.
I didn't buy it at the exact top, but I'm not ahead in my Toncoin bags.
Hopefully, I will be. Zedcash, you're up 72.7%. I'd suggest people are trading the crap out of that. Dash, the old Dashcoin. I used to mine Dash. I've got three Dash miners. It's up 57.9%. Don't get too excited. This is an OG coin.
This is a very old coin. This is back in 2016 2017 cycle. Uncle Adam was mining Dashcoin down here at gosh, was it that high? Around the $60 mark. It's currently at $55. But I mean, Dashcoin, remember this? Who remembers Dash?
Dash's all-time high was $1,493.
$1,493.
It's currently trading at $55.
It's got a maximum supply of $18.92 million. So, not a huge supply coin.
It's mined on the from memory, the Dash algorithm. I buy specifically Dash miners for it.
Proof of work coin, obviously, if I'm mining it.
I mean that stash over its alltime life and if you go to the year it doesn't look very good. If you go to 3 months looks a little bit better. If you go to 7 days it looks fantastic. Always put things in perspective. If you hear a coin it's like when people say oh my coin went up 200%. It's like yeah down it's it's down 98%. Yeah but it's up 200%. So it was a dollar and then it went down to 2 cents and now you're bragging it's 4 cents. Now, it's fine if you trade at the bottom of it. But just remember, if a coin drops 99%.
And then goes up 500%.
It's still nowhere near where it started. Just most of you are like, duh.
But many of you don't grasp this concept. If a coin is a dollar and it drops 99% to 1 cent to 1 cent and you manage to buy the top and then it goes up 500% 500% you're at 5 cents 6 cents not worth it. Night gone to bed.
Sweet dreams gi stop at the 2hour mark. Famous last words.
Um, and as mentioned by Amanda, um, Terra Luna, Luna CE is on a bloody rip up 50%. But again, let me just show you the chart. Alltime high. Hey, look at Luna up. No, that's that's your Luna chart.
So again, just I mean, technically, if you look at the top, Luna is down 100%. You say, well, how is that how can it be up 50% but down 100%. It's because it's priced at 0.00001 of a cent. So it's not 1 cent, it's not one/10enth of a cent, it's a hundth of a cent.
And it used to be. So it's a hundth of a cent. And at its alltime high, it was at $119.
$119.
Damn. Look at it. Look at this thing.
Doesn't mean you can't trade a zombie coin. It's okay. But you just got to understand it's it's dangerous. It's very dangerous.
Uh Zcash up 72, Dash up 56, Terra Luna C up 50.2. Ono, there you go. That's for jump for joy. Get that in you. Uh G saying good night. Fanetic says, "Will AUBTC get to 150K by Christmas?" I reckon. Jump for Joyce says, "Sweet dreams to Gail." Julie says, "Good night, Gail. Joyce is saying nice night to Julie. All the girls are saying tonight each other. G says thank you to Andrew. Aussie says even my [ __ ] and you is up 15%. Waiting for Avac mega pump.
Cockinu is either number one is their number one meme coin. Um I hear Andrew likes a bit of [ __ ] Um what do you reckon Andrew? Do you got much [ __ ] Cuz your's up 19.5% and I saw before that your your ono bags are emptied. So pretend to you're up 17.8. These are all inside jokes and nothing I'm saying is inappropriate. Nothing at all is inappropriate here. It's all You want some [ __ ] Come over to the crypto.
You want to dump your Onondo bags, come over to the crypto.land pretend to 17.8% Fcoin.
Julie's cracking up. Bless you, Julie.
Andrew is having a laugh as well. We love you, Julie. We love our Julie. And we love Andrew, our honorary, actually a real Australian now. Our Kiwi brother now Aussie. Betenza Town 17 up.8% Fcoin up 15%. It's It's looking good. Internet computer up 14.3 with Morpho which always makes me think of mofo you're up 12.2% with Monero the true privacy coin up 12.1. It's just green green. Away we go. Biggest losers. Provenence blockchain down 9.1. World Liberty Financial. This is either a make or break coin. Th this is a coin that's going to go absolutely ballistic or straight to zero. I I I still feel pretty bullish about it. Why Trump?
What's happening in the background? Be careful.
Be be careful for before you dump it.
Let's see. Sky is up 5 down.5%. Let me start again. Five is down.
I drink.
Julie's drunk. Julie says, "Ly you." I think she meant love you.
All right, Julie. I lure you, too.
That's sticker now. We ly you, Julie. We lure you. She tried to correct correct it. She said, "Love you all. Too late."
Aussie says, "No, all take care of yourselves uh and those around you."
Deanosis is laughing. Zayn's saying, "Double on Entra days everywhere." Jumpy says, "Love you more. I love you more."
Um, a 59.
I can't speak. Oh, up 50.
I can't even do this anymore.
Look, there's some some losses and a lot of gains. Remember, if you want to do anything crypto safely. Joyce is laughing. Julie's laughing.
And now Sean turns up. Sean goes, "Sorry, I'm late." All right, let's start again. Good day, viewers. I'm Adam Stokes. Welcome back to the channel.
We're always a free and easy way of supporting this work is by simply hitting that like button or telling Sean Adamson to turn up on time. It's all right, brother. We love you. Remember, if you No, actually, we lure you. If you want to do anything crypto safely.
Matty Cooper is cracking up.
Gail's still awake. Gail, you're supposed to be in bed. Gail says, "Love you all to the moon and back just like crypto." Bless you, Gail. You tuck yourself in. Get in your little nighty.
Think of night. Think of us all. Jump for Joyy's still cracking up. I reckon he's on the beers. I l you too, Maddie.
The missionary lol night all.
Not that type of missionary, Julie. God.
Joyce is laughing. Sean says, "Yes, and I love you, too." Not just not just in a man way. Not that there's anything not that there's anything wrong with that. Small bird Jenna says, "Good night all loy you." We loy you too, Jenna.
Look what you've done, Julia. Jennifer Joy is still cracking up. He's on the beers rolling around in a big bucket of on. If you want to do anything cryptos safely, head over to crypto.land.
Believe in yourself. What happens in the she shed?
Maybe I didn't even read it right.
I got to go. Thanks for listening. Happy living living up there. Hold some [ __ ] Julie's cracking up. I got to go. I'll talk to you next time. I love you all.
Bye.
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