The Wolf Of All Streets - $1 Million Bitcoin Is Inevitable, April Will Be Explosive | Mike Alfred

Episode Date: March 26, 2025

►► Sponsored by Aptos, check it out here: https://aptosfoundation.org/ Mike Alfred is a Bitcoin bull you need to hear! Why is he so confident Bitcoin will hit $1 million? And what's his immediate outlook for BTC and the broader crypto market? We're about to find out! Plus, Chris Inks joins the show in the second half to reveal exciting trade opportunities in crypto and more. Mike Alfred: https://x.com/mikealfred Chris Inks: https://x.com/TXWestCapital ►► 🔥 LBANK Exchange - No KYC Required! Claim up to 50% trading bonus! Join today & get rewarded! Start trading to claim up to 50% in trading bonuses!! 👉https://www.lbank.com/activity/ScottMelker-Cashback?icode=4M3HD ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►► Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities! 👉https://archpublic.com/ ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. Use code '10OFF' for a 10% discount. 👉https://tradingalpha.io/?via=scottmelker Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.com/ Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #Investments The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Breaking news, Bitcoin is going to a million dollars and there's nothing you can do to stop it. Not my words, but those of Mike Alfred, but I tend to agree with him and his quant. We're going to discuss that and more right now. What is up everybody? I'm Scott Melker also known as the Wolf of all streets. Before we get started, please subscribe to the channel and gently smack that like button with the back of your middle finger. Don't know where I came up with that one. But here we are and I can't take it back.

As I said, Bitcoin is going to a million bucks, nothing you can do about it. I'm going to tell you why. Because Mike Alfred had this tweet. It has to be true. Breaking, several sources confirmed me overnight that after a thorough analysis of Bitcoin's fundamentals, a million dollars plus per coin is inevitable with or without the IMF nation state game theory and SBRs, haters and shambles. Can you reveal your sources?

I actually think my assistant went in and deleted that one. I asked my assistant to go through and delete pretty much like 80% of all my tweets, particularly any tweets that have wine photos or steak. The wine photos always get stolen by the scammers on Instagram who are running a fake account with like 100,000 followers. They have all my wine bottles, pictures up, but

obviously deleting them, like within even five seconds doesn't work because they screen scrape every single one of my posts. So I think I think that tweets been deleted in part because I got so many requests for people to name sources. And as you know, like a journalistic integrity, I never name my sources, just because I think it's you know, puts them at risk Like let's just say hypothetically I knew somebody inside of Coinbase like deep inside of Coinbase and let's just say hypothetically They were the relationship manager for the US Marshals Right and they knew for a fact that Coinbase was expanding the relationship to other

Parts of the US government to buy more Bitcoin. Do you think that like if I named them that they would get to keep their job? You know, at the end of the day, like sources are only valuable if you don't get them killed. Yeah, I mean, we also have sources saying that Coinbase is about to buy Darebit, which is the largest Bitcoin futures platform on the planet, but I couldn't even get the guy from Coinbase way out on the show yesterday to confirm it for me. Yeah. Well, look, M&A is a sensitive business. Uh, the good news though, Scott is that if people are thinking about M&A, uh, right now, then it's not the end of the cycle. Um, because there's,

we're just ramping up M&A and that's because the rails have been laid through this regulatory, uh, clarity that we're finally getting. And so now people feel confident to do deals. You've got all this release of all of this pressure from litigation, regulation, that now these companies can double down on doing M&A. So I think we're at the beginning of a huge M&A wave, candidly, I think there's gonna be a whole bunch of deals,

some that are gonna be really hard to predict in advance. I think we just saw the biggest deal in the history of crypto announced, the Ninja trading deal quietly, I think it was yesterday, the day before. We're gonna see some of the biggest deals ever and we're gonna see a whole bunch of IPOs. I think CoreWeave, which is not a crypto player anymore

necessarily, but I think CoreWeave is just one example of what's gonna happen this year. CoreWeave is, in my view, a wildly overvalued data center operator. But if they go out at where they're going to go out valuation wise, it's kind of bullish for the rest of the infrastructure sector, like everybody who's building Bitcoin mines, etc. I think you might have seen, too, that NIDIG just bought Crusoe Energies,

Bitcoin mining, anything NIDIG is scooping up mining assets very quietly and will probably try to do an IPO next year. So we're not gonna see a top in crypto when this type of activity is going on. Like the kid analysts staring at the charts, again, with no business experience, never built a business, never sat on a board, never done an M&A transaction,

they're calling for the top. And in the meantime, serious operators are out starting a huge M&A process right now. So I think the top has been pushed out into 2026. And it's even possible that I'm wrong about that and it's early 2027. But either way, we're still mid-cycle right now. It's pretty clear to me.

Are Bitcoin miners just officially rebranded as data centers now? I mean, they should be. That's all they are, right? They're the good ones are their data center operators. And as you can see, the compute is somewhat fungible, right? So if you pull out your ASICs and you plug in GPUs, you plug in Nvidia H100, voila,

now you're an AI data center operator. The challenge and the bottleneck and almost every hyperscaler has sort of admitted this now is in the power capacity itself. And that's why everyone's trying to do nuclear deals. So everyone's trying to secure large scale sites. It's why Texas has become popular all of a sudden because Texas had more excess renewables

than any other area of the country. And so that sector, like at least as it touches crypto right now, is very depressed. But it seems to me that like that's just a temporary phenomenon, sort of like the price of Bitcoin, right? Like probably the fundamental price of Bitcoin is probably 120K or something right now. Like if you just look at the imbalance between the likely supply demand over the next couple quarters. And so like, will it get there tomorrow or next week? Probably not, but will it get there eventually?

Very likely. I think the same thing will happen with the data center business. I mean, we talked about young traders on Twitter with their lines that you have so much reverence for, but you do revere your quant, as we've talked about in the past, and your quant in December,

76.4% chance of the outcome that Bitcoin surpassed $180,000 by March 21st. Did you fire him? Yeah, poor kid. I mean, look, it's gonna be really hard to get an entry-level job with AGI coming. It's gonna disrupt everything. I was able to find a much cheaper AI quant,

and the AI quant said we were gonna bottom out at about 76, 77k a month ago. So yeah much cheaper too. It's like $500 a month. So I moved your subscription quant service. I fired the human quant. I don't know if the kid will be able to get another job now. I mean it looks like 90% of all human jobs are gonna be disrupted by some combination of AGI and humanoid robotics over the next three to five years. And so he may never come back from this.

Here's the serious point in all of this though, is that nobody, absolutely nobody can predict the short-term price. That should be clear by now. There's a guy named Josh Mandel that many people are buzzing about who I like personally. I think he's a lot of fun. He's a good user of Axe and makes some funny posts. He correctly predicted 84,000 on like March 14th or mid-March. I can't

remember the exact date. He did it many months ago, right? Yeah, he did it back when everybody was mostly bullish because it was post-election or early November or whatever, and he predicted it well in advance and sold a bunch of calls and made a lot of money. And so he's been revered now as the new coming Oracle, like the savior of the crypto space. And just like every single person that's come before, he's going to make some really good calls, and then he's going to

make some that are way off. Everybody does because there's no such thing as predictable short term price action in crypto and Bitcoin. So nobody knows, including me, to the extent at which we make short-term predictions, it's all sport, it's all fun. If people don't understand that, they need to make sure to learn that quickly, right? And nobody should be making levered trades or options trades with short durations right around any sort of short-term targets is a great way to lose money.

All that said, I do think it's easier to model longer term pricing. And while I don't know when we're gonna be back at all time highs, I know that they're coming. I'm very confident that they're coming because Bitcoin is systematically more scarce than the denominations that you buy Bitcoin with. And so over time, the Bitcoin price is gonna go up, right? And so my quant was wrong, quant is fired fired again. I have a subscription quant service much cheaper

I'm not gonna say the name of the company because I I want to keep that alpha For myself, but look nobody knows what's gonna happen in the very short term Yeah, I think that that's an important point. I mean we have a slew of articles here I just deleted one or two, but you can just go through any mainstream media. Bitcoin market could heat up as Bitcoin price approaches 90K. Now is a really good time to buy Bitcoin. I agree with that.

This is from T-Rail Price. And then there was another one that I just accidentally deleted that said, bull trap, Bitcoin to 90, but then bull trap, and then back to whatever. And it's literally, my crystal ball's broken. I don't know about yours, but it's effectively impossible

to make these short-term bets. That said, long-term all I see is tailwinds, right? And I mean, you just have these endless stories as you kind of like joked, you know, it doesn't require a strategic Bitcoin reserve or any of these things, but we're getting them. You know, we're getting one in the United States, I think Oklahoma passed a strategic Bitcoin

reserve of sorts, Kentucky just protected the right to mine and run a node and self custody. I mean, it's pretty crazy when you zoom out, all the bullish things are happening. You can't imagine it's not going to eventually affect price. Yeah. And in the past, Bitcoin rallied for no particular reason and rallied substantially in a lot of cases for no particular reason. And now we actually have a lot of reasons for it to rally.

So I think it's just a matter of time. I think Q1 was largely disappointing to most people who follow the market closely. I think we thought some immediate follow through from the election and the regulatory clarity and the SBR and stuff would be helpful. And that's not what happened, right? We topped out in January, right? On the morning of the inauguration, like early in the morning

before most people were even awake, tap 109 and then now we're at 87, right? Now we went as low as 77 though. So we've already seen a 10K bounce off the bottom. Micro strategy's up for the year and looking really strong, again, leading the market quite a bit, but like in order for there to be more participation,

I think, you know, you do need to see some clarity around the tariffs, some geopolitical clarity. Like the macro stuff is definitely a drag in the very short term. And then you had the AI kind of prick of the bubble. Like to me, this reminds me of like 97, 98. There were a couple of drawdowns in tech at that time,

but we were headed towards like the massive blow off top bubble, which finally topped in March of 2000. But like we had two or three years ago when, um, you know, uh, what's his name back at the time, the fed, the fed chair was talking about a rational exuberance, Alan Greenspan, right? He was talking about rational exuberance and it was like, he wasn't wrong. Uh, eventually there was a rational exuberance, but you still had like a year or two or three years left.

And I don't know if we have a year or two or three years left this time around, but I think we might have longer than the average market participant expects. And so I think to your point, with all the positive catalysts now and with all the structural changes, we're laying the groundwork for like a much longer and maybe more sustainable run this time. So it's, so the cycle obviously doesn't look like previous cycles. Jeff Dorman was talking about this on LinkedIn and I chimed in the other day. You know, he's saying, this is like, you can be right about a lot of things and still not make any money. Like to me, this is like the hardest crypto cycle that I've ever seen where even if you like me at the very bottom or near the bottom, right?

In January of 2023, we're saying, hey, like you want to be long Bitcoin and you just want to get long everything in Bitcoin. Like even if you did that, it's been so painful between there and here that like even if you're up a lot, which you are, if you got long Bitcoin at 1620 or 25 or you added anywhere in those levels. By the way, every macro guy at that time was telling you Bitcoin, you remember this, they were telling you that Bitcoin wasn't going to go to 100k and they're telling

you that like things were there's going to be a credit crisis and a recession and you need to be conservative and buy bonds and stuff like that. They all deny it now. But I was there live. And so my point is like, look, even if you got that right, and I largely did, it's still been the most painful, a crypto cycle that I've ever lived through where you could be up and feel like you're down. And so I think that actually bodes well, paradoxically, because so many people have sort

of capitulated on the cycle, there's so many people saying the cycles over, it's not gonna happen. But if you look objectively, at the set of conditions, like we're just waiting for euphoria and liquidity to kind of flow back in to the market. I think some of that starts in April when we have at least some initial clarity on the tariffs. And I think the dollar and yields, M2, some of these other factors will confirm that. Yeah, I know. Bitcoin's move is kind of lagging global liquidity as it does by multiple months, and that sort of turned around, you know, three or four months ago. So we should start to see

that actually, I think, file through the system. I mean, in the meantime, sure you saw this, but GameStop adopts policy to buy Bitcoin, joining other companies. So GameStop is, after all that conjecture, Bitcoin to their to their treasury smart we'd seen pictures of their CEO with Michael Saylor, of course, and their stocks like up was up 13 or 14 percent pre-market last I checked so obviously you still have that Bitcoin news good marketing PR effect. I also don't know if you saw the interview with sailor where he once again confirmed with Laura shin that he's going to burn the burn the keys for his own personal Bitcoin, not strategies when he dies. But I'm here. Talk about

a guy who really really believes I think it was like 17,000 Bitcoin was the message I read, but I haven't ever seen him say how much he had. Yeah, I mean, it's incredible what he's accomplished and he keeps rolling out these new Securities these perpetual preferreds now and so I was worried he was gonna run out of runway To buy Bitcoin in the short term and look he did make a lot of buys in the 90s and over a hundred In large size because there was so much excitement about his securities at the end of last year and in particular in November. And then he slowed down right when we actually pulled

back and I don't know if that's a feature or bug or whatever and of course the kid analysts who have five dollars are always critical that because they bought they bought the absolute bottom and they sold the absolute top and sailor didn't you know but like the reality is maybe it doesn't matter right because if if at the end of at the end of this if bitcoin's a million or three million or five million then the only thing that matters is how much did you acquire not what exact price did you acquire that matter i think a lot of people get uh sort of distracted with the minutia of like what specific price. And he did make a buy. I think, uh, when was that this week? 84. Yeah. 84. He got the Josh Mandel, uh, you know,

number. So, uh, I, I think he's going to live a lot longer too. I'm sure he has great doctors and great healthcare. Like he may, he may live 30 or 40 years. So this catalyst of burning the keys on like 17,000 Bitcoin probably is not happening. It's nothing anyway, it's a billion, 1.5 billion dollars, it's not, you know, it's a rounding error, but it does show like the commitment

to the network and community. Obviously you can never, people freak out and they're like, how strategy burn their keys? He's not talking about the Bitcoin owned by the company. But it just shows it's a tremendous commitment. And then obviously, going back to GameStop, they're in a unique position where they have all this cash and kind of no underlying business. And they obviously benefited from the meme stock craze.

But it does show what can happen when companies finally get orange billed. There's going to be a lot more. Yeah, I was talking about this with a guy at a poker table last night, and I was just saying, pretty much every company, so I mentioned GameStop, he's, oh, that's interesting. So, well, every company is going to do this because it's better than the alternative option.

And then we got into the conversation of what's the tipping point, and at what point will it become kind of the normal thing to do versus right now it's still exceptional. It's viewed as exceptional when a company comes out and says they do this but I think within a few years it'll be much more commonplace and you know the price action helps right if bitcoin goes up from here over the next call it six nine twelve months then it'll validate all of these so-called early adopters on the corporate side who took the risk of doing it when they

could have gotten egg on their face and the price could correct. And so sometimes these things kind of, they're self-reinforcing, right? So like GameStop's coming in now is a little safer than it was a year ago. There's like clear accounting rules. Now you don't have to deal with the intangible asset, you know, you know, process where you got to mark the Bitcoin down on the balance sheet when it goes down, but you can't mark it up, right? So like that that's been more or less fixed. And so that that's one thing that makes

things a little bit clearer. But the biggest thing is just like safety of numbers, right? So MicroStrategy was kind of later. And now now all these miners have done it. And then, you know, of course, Tesla and SpaceX had done it years ago. And even though they backed off of that view for a period of time, I think, again, partially because of pressure from China and Ilan Ilan wants to market cars all over the world, and some governments are really, they're really adversarial with Bitcoin. And so he had to pull back and use the excuse of the environmental

impact of Bitcoin mining, which is a total non-sequitur in a sense because Bitcoin does the exact opposite of what he said. And of course, he's smart enough to understand that. So I'm not going to claim that Elon does not understand Bitcoin. I think he does understand it, but he understands politics even better than maybe we thought. You look how involved he is in politics now. And so they backtracked a little bit,

but then I think now it's become, again, normal. The US government, the sitting president is supportive of Bitcoin. We have like a working group, right? We have a bunch of policies coming down the pike that are gonna be positive. And so I think it's just a safer environment. Like if I was on a board of a company

that had a lot of liquidity, like billions of dollars like GameStop and wasn't deploying it for anything, I would basically resign unless they considered a policy like this. So I think we'll see more of this, right? And I think GameStop provides some air cover for other companies that are not already

like naturally inclined to do it, right? Cause they're just kind of a generalist company that's pivoted and they became a memes doc. Some of these other companies, like you almost expect them to do it cause they're kind of already tangentially in the Bitcoin space. What do you make of the underperformance of miners of late? you almost expect them to do it because they're kind of already tangentially in the Bitcoin space.

What do you make of the underperformance of miners of late? I actually had a conversation with Frank Holmes from Hive and he pointed to a lot of the miners adopting that strategy that MicroStrategy had taken as one of the reasons that their prices are likely depressed and obviously, you know, miners selling in general. But he seemed very frustrated that all the miners seem to travel together to some degree still, you know, miners selling in general. But he seemed very frustrated that all the miners seem to travel together to some degree still, you know, without really differentiating the characteristics of each.

Yeah, but there's been a little bit of dispersion this year. And actually up until mid-February, there's a tremendous amount of dispersion. There were a couple of miners that were up 30% when MicroStrategy was like flat or down. And then there were a bunch of miners that were up 30% when MicroStrategy was flat or down, and there were a bunch of miners that were down substantially. That dispersion is coming back together a little bit.

I think, look, there's risk on and risk off periods in crypto and then within different parts of crypto. And mining has been kind of a tough slog more or less since the Havoc. It's actually been a rough year looking back one year from now for pretty much everybody in the sector. There are a few exceptions, but it's funny, the ones that ran the most at the end of last year,

like Bitdeer and Core Scientific and HUD and Terrawolf, a lot of those names actually started the year worse off. And I think Bitdeier is still down 50%. So some of it's just like mean reversion and flows and some of it is like systematic trading. It's an easy sector to short in an environment where it's unclear how profitable they're going to be across the full cycle. And so until Bitcoin breaks into very clear, like parabolic price discovery,

which I just still don't believe has happened. We've had like two parabolic moves, like one leading into the ETF approval and afterwards, right? Where we kind of went from 40 to 73. And then another one where we kind of went from the 60s to a hundred, but nothing that was like more sustainable, nothing that seemed like it was like the train had left

the station and was out of control, right? Like each case we hit some sort of top consolidated and then the consolidations have been really painful, particularly last year's consolidation. Cause like we spent the entire summer thinking that there was a breakout potentially imminent and it didn't happen until November, right? And so like from March till November, people were waiting for that.

And so that's like a really ripe area for people to do pair trades on miners because until Bitcoin really moves into an area where they're all very profitable, you know, it's been a good trade candidly to use them as a hedge against your long positions. So I think people have traded the long micro strategy or the short micro strategy long Bitcoin trade that was popular with hedge funds like a year, year and a half ago that they got blown up in.

They traded that in for the long Bitcoin or long micro strategy short miners and that'll also get them wrecked eventually, right? But like it's a long cycle. The thesis always on the miners is you have to you have to own them on the far end of the price curve, which I still think we're middle innings. When we do hit whatever the 90th percentile is of return of return for Bitcoin, the cycle, they will go parabolic again. They just, it's literally just math. It's just the

math has not been supportive yet, because we haven't seen prices high enough to generally support like beta for the entire space, like for the entire space to blossom. So you've had some idiosyncratic outperformance for short periods of time. You've had companies like Core Scientific go all in on AI. And so then like their price kind of decouples in the short term. But even Core Scientific was down 40 or 50% at the lows year to date for no particular reason, right? Like there was some chatter about Core Weave losing contracts with Microsoft and concern about Core Weave's IPO, which should price potentially this Friday.

And so look, I think it's mostly short term stuff. It is incredibly frustrating if you're a shareholder or an operator in the space. But hopefully if you're an operator in this space, you're taking a longer view, right? Because nobody should be deploying billions of dollars in CapEx to be concerned about like what happens next month or next quarter. What's the average cost of mining a Bitcoin right now? I guess I don't know if they can be, you know, buy a publicly traded company. Is that a metric that's tracked?

There might, somebody might know the exact number. I only track it for the companies that that I watch closely. But like, the energy costs for the top miners is in like the very top is like in the high 20s, low low 30s, right? All in. So, so as long as as long as we have X price, as, so as long as, as long as we see 150 or 200, this cycle, like the gross margins are going to go insane. And at some point, these stocks historically have repriced in a single month. So like they could look totally depressed in April. And by June or July, they could be completely euphoric to the point that you're having me on to explain the opposite Which is how the hell did these stocks go up 5x in two months, right?

Like that's what happens and it's really hard to predict when and it's very painful Especially if you use options or you have any sort of time limit So I've always told people like if you're gonna speculate in this space like try to buy them when sentiment is like it is now I remember we had this conversation in November, two years ago, 2023, iron was at like $2 and 80 cents. And I said, if you're going to buy this stock for this cycle, that's when you buy it. And it went from 280 to 15, and then back down to six and then back to 15. And now it's at seven. It's still higher than 280. But like, it's nowhere near what I think the long term fundamental value is that value will be unlocked when one of two things happens. One is the price of Bitcoin goes into true price discovery like a seemingly unstoppable move into the 120, 130, which, you know, if I had to put my bet on it,

I still think there are a number of companies, including Iron, Cypher, Hud8, there's a few others, right? That are set up pretty nicely for that. And I think it's just a question of when those deals finally get inked. And there's been a lot of noise because of Stargate and Elon Musk and Sam Altman. There's a lot of drama around that.

I think that in the very short term slowed down some of those deals that were already like in the hopper. But at some point later this spring, assuming that AI continues on the trajectory it is, the short term malaise in the AI sector will turn over. Either of those two things happen and these stocks can go parabolic again. And so we're back sort of where we were in November 23.

We're higher than we were in November 23 for most of the stocks. But sentiment-wise and valuation-wise, we're kind of back in the same area. So I didn't think we'd get one more chance to buy these names at these prices. And famous last words, right? Because people say that all the way down during

the bear market, but assuming it isn't the bear market, then this will probably look pretty good some point later this year. I just want to get that 150 out of the way. I'll take 120. Yeah, just I want to open a bottle of Screaming Eagle. I got two bottles. I got a 19 and a 21 screaming Eagle. I also have 2018 Harlan, a couple of 2020 Harlins. I've been. Are they saving for different like benchmarks like one 10, one 20,

one 30 psychological levels on the way up? Not specifically Scott, to be honest, but like I do want to freaking open one of those. It's so silly. Like, like we talk about screaming Eagle, like it's kind of a meme, but I've never freaking open one. So like, just give me a price that justifies opening a $3,000 bottle of wine, please, Mr. Mark. I have a friend, I don't remember the context. It was like 15 years ago, but he sent me a video randomly at like three o'clock in the morning of him drinking like, they were pouring like five bottles of screaming eagle into the Stanley Cup.

Yeah, drinking it out of the Stanley Cup at a bar and I don't like I don't I can't remember the context how they got the Stanley Cup. He was just like a dude I went to school with it's not like he's a hockey player or professional and you know, he's not certainly not popping five bottles of screaming eagle on a given day. But yeah, he had that video. That's what we do if we if we get to a million. Let's make this call now. If I see you this year, and Bitcoin is over 150 thousand, I'm gonna call it now. We are gonna open a bottle of screaming eagle. Come high hell and high water. We're opening a bottle. Yeah, we don't. I don't I don't wanna drink it out of the Stanley

Cup. I wanna be able to see the wine through the glass. I wanted in the right size glass so we can swirl and, and smell take, take in the nose of it. Yeah. One of those big, big, big Cabernet glasses, maybe 30, 40 ounce glass. Yeah. So we're going to do that for sure. This year when I see you, so like, you guys heard it here first. You can't go back on this. And we can't blame your quant. No, he's fine. He's fired. I mean, my, my AI quants better and cheaper. So they't blame your quant. No, he's fired. I mean, my AI quant's better

and cheaper. So they think we sound pretentious, but you know what, man? Sometimes you got to just enjoy some of those finer things when they come around. Guys give Mike a follow on X and don't listen to his quant. Otherwise, I think all is good, man. Anything else I missed before I let you go? No, nothing else, man. Let's just, let's see the turnaround of the market in Q2. Q2 almost certainly will be better. If Q2 is worse than Q1, then maybe we're in a bear market. So like, let's- Let's use these changes.

Yeah, let's revisit this in May, June. If we're in May and June and like things got worse than they are now, then like I might have to, I might have to throw on the towel on this four year cycle and just say we were wrong, but I'm not giving up yet. As of this moment, I'm have to, I might have to throw on the towel on this four year cycle and just say we were wrong. Um, but I'm not giving up yet. I, as of this moment, I'm still adding, I'm not selling anything. I'm still adding, I added more miners. $8,000 Bitcoin is still a dream to me, man. I don't know if it feels good. Yeah. Awesome. Cool. All right, man. Thank you so much guys. The amazing Mike Alfred.

See you later, see you but someone said CZ ate that banana literal fact I think it was Justin Sun there's Justin Sun that ate that banana guys it wasn't CZ so CZ didn't eat the banana he was actually in prison when Justin Sun ate that banana before we move on obviously guys going to tell you about aptos look I've got a banner thingy where is it look at this look what I can. It's like the DJ days. I can put things on the screen that scroll. It's pretty cool.

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Now we just need the users to come in. Also here on our network dot XYZ an amazing app toss mega mega issue telling you all of the things are going on there. You can you guys should check this out, but you can just scream through the charts number for blockchain by daily users total Dex volume of 13 billion number four blockchain by TVL and real world assets. I mean TVL ranging around a billion since the start of 2025 total bridge volume in March over 90 million so far I mean these guys are just smoking continuing to

build of course when you take a look at anything in crypto that's not a meme or Bitcoin it seems like prices lag. But fundamentally just incredible things happening. I think also, just randomly, I have Avery Chang, the CEO on spaces on Friday. So that's worth checking out. And now without further ado, the man the myth, the legend Christopher inks here to talk about $87,000 $500 and $87,525 Bitcoin. I called it 88, but of course, right here at 9.30 a.m.

Eastern Standard Time, every day it seems to get a dip like as markets open. Every day, it feels like it. I can't back that up, I'm not looking, but it feels like every day at the open of the stock market we see kind of like a dip for an hour. Well, again, we've talked about it before, at least isn't, when I used to do these shows every day

on my channel. And there at 10 AM every day, my time, we'd log in for a few months there. And it was like it would just drop. It wasn't even like a dip. It would just drop. And it's just, man, what the heck, right? But anyway, yeah.

So Bitcoin, I mean, again, this is the big picture. And this is what I'm trying to get people to pay attention to, you know, again, um, you know, we hit this, uh, the EQ here of this fair value gap here on the weekly. Here's the monthly, you know, it's right there at the yearly pivot, just weeks below it. Um, you know, we got this one every time we had the pullbacks here. Here, here, and now here, we're finding the support on the weekly RSI right there around 44 So, you know, there's just a ton of stuff going in on that. That's just really not looking bad at all If we jump here to the daily, I mean here's the big picture at the daily You know, we're looking for an impulsive breakout and close above this descending resistance with the daily candle

We can get that that should indicate that the low is in We need to break out depending what chart you're looking at This is the Bitcoin all-time index price index, but it's this candle here right about March 2nd That is the last lower high off this all-time high here. So there's bearish market structure here. We just got to break out above. We just got to get a wick above it. If we can do that, that'll break that bearish market structure.

And it's even more confidence at the lowest. And it doesn't mean it can't hit it and pull back, but if we're breaking out above that, right around 95,000, depending on what chart you're looking at, it should indicate that we're most likely going to break out to a new all-time high. And I know at this point, I mean, yeah, a lot of people want to hear it, but most people don't believe it. You know, they're so convinced that the top's in because everybody and their grandmother's been telling them that for, you know, months now.

But I just I don't see it there at the moment. You know, again, anything can happen and whatnot. But for right now, I don't see any reason, you know, whatever this right here, this pullback standpoint, it makes absolutely no sense. We haven't done anything to say, yeah, the tops likely in. So, you know, everybody's got to be careful out there. You know, take what you're hearing with a grain of salt, even for me. But, you know, until I'm actually seeing something, text up some bigish movement down, which again, this really isn't with this cycle yet. Still and You know what? Let me do something here. Let me get rid of this real quick See a lot of higher highs and higher lows there Yeah, yeah, it's not the best things not only we really want to see some impulsiveness This is overlapping, but it is higher highs and higher lows for now. Why is this not showing up? Sorry, give me just one more minute here. This is in my way

Yellow circle, blocking. There we go. All right. Gone. I'm interested in this right here because this is consolidation right below there. I mean, this looks like it almost could be a triangle here. So you have A, B, C, D, E.

And if so, we're looking for that breakout here. Based on the height of this pullback, that would have a target of around 90,282 and a half. But as part of maybe a bigger move here, that could be an interior fourth wave here. And so we'd get here, we'd pull back, retest, and then head up higher maybe even. So right now I'm kind

of looking at potentially this 93-400 area as more of a local target if we can get a you know the impulsive breakout on that. So we you know we don't have bearish divergence here, so that's good. We like to see that. We are above the the weekly pivot here right up into the r1 pretty aggressive move here so aggressively moving through this and higher again when you're using pivots usually if we can get this means that we're gonna run up here at the r4 or beyond the r5 so 98 740 or even 102 487 it's just the way that the pivots, price action and pivots tend to work.

If you can get aggressive here between the pivot and the R1 and bust out through there aggressively, usually you're gonna run that up here toward those upper two resistance pivots. So I mean, the setups here, we'll see if we get it. There's a large low volume node here, as you can see, and that initial target's right in there. But again, overall, really not hating Bitcoin. the somewhere around there, but even that is not, you know, oh my God, it's the end of the world, you know,

it's the tops in, so. We'll see how this plays out, but right now, I'm liking the congestion here, I'm liking the consolidation. You can see right here that the oscillator is consolidating as well. And usually if it's a triangle, for those that don't know, an Elliott wave triangle, it's the only real triangle

out there because you know where it's going but You know, you'll get the same consolidation here with the oscillator with the RSI So you got lower highs higher lows in line with price here lower highs higher lows And usually it's a really good indication that that's probably a triangle and you're gonna break out. So That's what I'm looking at there again not hating it at all. Um alts, alts, alts, alts. So I've been talking about them for a bit here and you know talking about the possibility from the very large time frames that we may be getting some kind of bottoming going on. A lot of them are starting to really look decent on that really pretty decent

on that lower or on that higher time frame. This is one that we've been watching there at the Academy This is pirate USD And again, you can it's a pretty clear five waves up We're on the daily here. The 61 8 retracement is right here around that monthly pivot It doesn't mean it can't go lower if we break down through it. We'll look at the 78 a half at about It doesn't mean it can't go lower. If we break down through it, we'll look at the 78.5 at about .069 almost.07 cents here and then the 78.6 at.0637 But I'm really looking at this as a one and a two and I would love to see it stay I mean if we can get it to stay above here that'll validate this ending diagonal type thing here with the throw under

So if we can get a rally off up here, all of a sudden we're looking maybe up here around 47 cents or so as the next kind of leg up from somewhere right around here. So we'll wait and see how it works out, but there was a nice move up off below here and now we're getting that pullback. So see you there.

I never even heard a pirate. Never even heard a pirate. Don't know what that is, but I'm here for it. I don't know either. As I continue to say, most stuff's junk out there, but it's tradable and that's the thing, right? It doesn't have to be a legitimate project. Or I mean, I'm not saying it's not,

but I'm just saying these things we trade, they don't have to be, they just have to be tradable. If you're trading them. People tend to get caught in them and then they make up excuses why they are legitimate and great companies and whatever. But it's just because they're holding the bag there and that's not a good thing to be. Doge here locally. No, we're not talking about the government agency. We're talking about the coin here the king of memes the original meme Doge coin I'd like this breakout through this descending resistance

We got it you can't see it right here, but there is a spike of volume there and a decent sized candle spread and closed above it So I've got this move up here locally potentially hitting around point two six six or Even up here point three30 as my targets to the upside here. But again when you're pulling it out here to the weekly, look how great that weekly looks. You get this great, this is amazing looking doji here, large lower wick right at this support level or resistance level. Right here coming into that low volume node.

I mean, it's just a great place to be. You can see that secondary target puts us right above that yearly pivot. And then, if we can get there, look for a pullback and then boom with the breakout there. But this does appear to be, ABC, ABC, ABC maybe here. Or you might even be able to say it's five up here with these little endings.

Nonetheless, it's three higher highs and higher lows. So, you know, we're gonna look at that as a leading diagonal. And so this looks pretty great here coming up. On the weekly, there's no fair value gap here. We had this great weekly with the large tail there. So they should be able to eat on up through that, uh, moving up through there. Well, yeah, not, not hating Doge here either. CRV seems to be another one.

Yeah, they're looking kind of good. I mean, it's hard to say that at this point, but alts to me look like they're kind of bottoming and starting to really show some reversals, but yeah, go ahead. Well, yeah, that's the thing. You know, you'll see them on the large timeframes and you'll be worried about, oh, no, it's not happening. It's not happening. And after it's advanced a bit, then it'll look a lot cleaner and you'd be like, oh, I should have got in back there. But CRV here again, had this great pullback, which you're going to see on a lot of them, where it kind of pulls back to

these previous kind of support resistance levels right here in the low volume node. We got this move up. We've got a target right around the weekly pivot just above it there at I guess just below it. No just above it. 0.8195. But if we jump in here, I think it's the 3D I want to look at here. Yeah here we go. So we have this nice clean breakout here of this descending resistance. We're trying to break out of this kind of descending channel here. It's kind of moved a little bit on me. Go back down there. I can't get a stick. Okay.

Anyway, so we did get the breakout there. We pulled back. But it looks like it might have just cleared the way because here we are again running with it to pop up through there. So again, looking up there a bit higher toward almost 82 cents on this one. Don't ask me what this one does. GNO. Let me see here. Where is it? You don't know what it does. I have no, I have no good idea. No idea. No idea. Sometimes the dad jokes just flow and you don't even know they're gonna hit. They just, you know. Man, I'll tell you, they just gotta go right?

You gotta try. I know this chart looks like pretty good. But anyway, this one, yeah. I mean, it looks to me like a pretty clean five waves up and three waves back into the yearly pivot here. You know, again, looks beautiful with it. Another kind of doji here, as we're seeing on lots of them on the weeklies,

we had talked about it a few weeks back when it was happening. But yeah, so for me, initial target, kind of looking at, let us rally here, especially if we can break out through that resistance, up at around $260 or so. 705 is my initial kind of like low target. But even locally here I mean I

think it looks great. If we can get a what is this a weekly close above this swing low here 140.94 we can get a weekly close above that that should indicate that that low is likely in there gives us a target of this descending resistance again right around 250 260 somewhere in there depending how long it takes to get up there And then you know again the breakout Through this descending resistance should indicate you know add confidence to the idea that the lows in and we're heading up And finally We've got Mog. Don't get bogged, I guess. I have no joke for that one. I was gonna think of something but it was too dumb.

Yeah, no, I said something dumb there. So you know what I'm gonna go right with Ginew and leave it at that one. This one hit the yearly S2 pivot here. Got this nice doji large lower wick. Move up and then we've got the breakout here. So let's kind of zoom in a bit Again, we've got this descending resistance that we've kind of pulled out And so I think to me it looks like we'll probably at least locally here hit up to this whole bunch of zeros and one one Two that's right there around that r1 pivot and a lot these, if you put these traditional pivots on there, so you just go up to indicators and type in PIV and pull up pivots and just click it on there,

the traditional pivots. A lot of these on the, we'll head up toward this R1 pivot, I think is where they're kind of target areas looking like. So that's up there again about that 112 area. Doesn't mean it jumps right there from here right now, but if we can continue to get this push higher, it is starting to look pretty good. up there again about that 1-1-2 area. Doesn't mean it jumps right there from here right now, but if we can continue to get this push higher it started to look pretty good. You can see right here we're hitting this again this kind of support resistance level here. So we want to close out

above that to continue to move up higher. But the opportunity looks like it's there, you know, could be like a one, two, one, two here, which would give us a nice large three on a breakout. So again, you know, a lot of these, I picked these because a lot of the different alts are looking similar to these particular structures. So you know, if, if your watchers, your viewers want to go out there and, and kind of look at their own, you know, alts and say, are they looking kind of like this? Then this is similar, you know alts and say are they looking kind of like this then this is similar You know expectations far as movement goes. I just had an alert go off on one that looks a lot like the doze chart you should

Which would you have? You there suey oh Yeah, look at that Yeah, there's an impulsive break out of one of those patterns. Hopefully maybe a little higher, but that looks kind of nice I like the candle so far. I want to see the volume pick up a bit more but you know, it's always there's an impulsive breakout of one of those patterns, hopefully maybe a little higher, but that looks kinda nice. I like the candle so far. I wanna see the volume pick up a bit more, but you know, it's always for those watching that don't know,

when I say impulsive, what I mean is a largish kind of candle spread. Large spread on increasing volume. Yeah, well really on a spike of volume before we can get it through a significant level like a pivot or a horizontal or even a diagonal, a long-term diagonal, it's that volume that comes with that that big candle spread and the close above that really kind of signals,

okay, demand is there and that's really what we're looking at because other times you'll get these breakouts and they may or may not work. They're smaller candle spreads or maybe larger candle spreads with smaller volume and they get kind of iffy. But if you can get them two together, when you get through a major resistance area, that you know, that's what you're looking for. That should hold their support usually at that point. Yeah. I've said it so many times. I just whatever, but kind of feels like could happen. Could happen. Always be careful.

Always be careful with these alt points, guys. It's like doing drugs. That's right, that's right. And remember, tops and bottoms are ranges. They're things that just happen over time. The highest and lowest points are just events. They're just events. They're not important, so yeah.

Man, some of these look good. All right, well, we'll get to them next time. All right, Chris, man, everybody give Texas West Capitol, TX West Capitol, follow on X, check out the group, all the things. I got to run. That's all we got for you today. Thanks, Chris. A pleasure as always. Take care, everyone. Let's go.