The Wolf Of All Streets - Bitcoin Frenzy: Buy Before It Skyrockets Or End Up Digging Through The Trash!
Episode Date: February 11, 2025Joining me today to discuss all the latest Bitcoin and crypto news are Alex Miller, CEO at Hiro Systems, and my friends from Arch Public, Andrew Parish, and Tillman Holloway, who will provide an upda...te on the $10K algorithmic portfolio. Alex Miller: https://x.com/alexlmiller Unleash algorithmic trading with Arch Public: https://archpublic.com/ Andrew Parish: https://twitter.com/AP_Abacus Tillman Holloway: https://twitter.com/texasol61 🔥 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,
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Discussion (0)
some of the most notable entities on the planet are either buying Bitcoin or preparing to buy
Bitcoin, yet it's trading sideways in a range and there seems to be absolute depression across the
board. Of course, that's probably because most people who are tweeting are holding altcoins,
which are effectively dead at the moment. But Bitcoin still has a tremendous fundamental narrative and tailwinds everywhere.
22 states looking to add Bitcoin to the balance sheet, companies buying and performing exceptionally
well. How do we have this huge disconnect? We're going to discuss it today with Alex Miller,
Andrew Parrish, and Tillman Holloway. Let's go.
What is up, everybody? I'm Scott Melker, also known as the Wolf of Wall Street. Before we get started, please subscribe to the channel, hit that like button and welcome to Tuesday meme coin hour with my special guest meme coin experts, Andrew Tillman
and Alex, the biggest meme coiners in the world. We got them all together because this is the show
that we know that you guys want because all anybody wants to do in crypto is meme coin.
Anybody remember when there were like 2,900 tokens
that existed in the world and that felt like a lot?
Does anybody remember that?
11 million on CoinMarketCap.
Yeah, unbelievable.
Do you remember when you can only buy Litecoin, Bitcoin,
and Ethereum on Coinbase?
Yeah, yeah, yeah.
That always makes me laugh
over the years
where we see all these
regulatory exchanges launching.
What was the one
with the Steven Seagal looking guy?
And it's always like Litecoin,
Ethereum, Bitcoin,
and Bitcoin Cash.
The first thing being offered,
this is a pre-Trump, of course.
You're like,
why would anybody want those?
But apparently they're the ones
that had regulatory clarity in the past. I don't know if you guys saw this by the way but we're going
to move on from meme coins but the central african republic literally launched a meme coin that's
down 97 percent in two days well i am shocked that that happened i can't believe it i can't
believe it you got dave portnoy like pumping i you would say pumping and dumping but apparently
he's pumping and getting dumped on but like this. But this is all anybody wants to do right now.
It's the biggest casino in the world.
I think there was $26 billion traded in Solana meme coins in the last 24 hours.
$26 billion.
I mean, that's...
And I will say this.
I think there's a day of reckoning coming for meme coins
because I would venture to
guess that more than 50 of those participants are under the age of 18 that's just a guess based upon
what i see on social media but uh if it is and regulation is able to to you know kind of put a
gate on those doors uh meme coins are in for a real real awakening from a from a hurt perspective
i don't think they're going to survive very long if they don't have the youth you know participating and kind of i don't even think
that's the biggest issue for them right now i think the biggest issue is if you just look at
the cycle time on mean points we've come from like the cycle time being a week to three days to i
think 90 percent of and even the successful and then i'm talking about like the random crap we're talking
yeah we're into hours we're into like sub 18 12 hour entire cycle time and i think people just
are gonna get burned out on and the other thing is the whole point to mean coins like look even
in the heady days back of like the election days you know when i bought like peanut coin
i at least got like three days worth of enjoying that
and that meaning of it and so that's like i also made money on that one but even if i'd lost it
like it would have been worth it for the fun and now it's if i only get 12 hours on it that's not
really worth the the you don't get the same feeling okay but alex this is a sarcastic and
serious question okay first of all we we you're a builder, right? You're building on Bitcoin.
You've been doing this before building on Bitcoin was a trend.
Are we going to see like pump.fun on Bitcoin?
I mean, so why haven't you built it?
There actually is already kind of some,
there's Odin.com now,
which is basically doing this with runes and stuff.
And actually very interestingly,
because of the guy who built it, Bob Bod bob bodily who great follow if you want to um learn lots about just how stuff gets built on
bitcoin um and one of the things they did is a lot of it actually starts off chain because
obviously bitcoin01 doesn't have the capability to run fast enough to like do the meme coin cycling
thing um so he's doing a lot of that with runes on odin.fun but again i
think bitcoin's it's not um it doesn't have the the bitcoin world doesn't have the right audience
for what it is right like it's the reason this is all happening i'm like that's where all the
dgens went well i think i made the argument i think think on Crypto Town Hall yesterday, we were making the argument like, I think we're at a place now where 99% of the people trading memes on Solana don't and have never and will never own Bitcoin.
It's just a completely different place.
It depends on, you know, we've gone through cycles where people start with altcoins and then they get a little bit more serious, a little bit more serious, and then they end up with most of their portfolio in Bitcoin because they realize
that's the only long-term play that's meaningful and has a case for long-term upside for all the
reasons associated with Bitcoin. I think we go through that cycle again, and I think we go
through that cycle a little bit faster than we did before because of what Alex just described.
You can't be in something that lasts for three days or four days, and now it's four hours.
Remember that a good portion of this understanding of being online and generating returns online started with GameStop, let's call it three and a half years ago.
And in that time period, all of that happened inside of about a four-month period. So we've
gone from four months of parabolic craziness down to four days of parabolic craziness,
down to four hours of parabolic craziness. Ergo, it would only make sense that the
move away from craziness and stupidity into Bitcoin probably is a shortened half-life as well.
At least that's my particular thesis. Yeah, if they're meme coins for three hours,
they should at least stay in bitcoin for three days so i saw a really
interesting thing over the weekend that apparently somehow vegas um is doing so poorly right now
that they managed to lose money or a bunch of these cnos were losing money over the super bowl
week right and i saw a few different kind of theories on this one is that just like between
meme coins and sports gambling you know legalized sports betting in so many states, there's just not the same demand to go there.
You need to go to Vegas.
Yeah, I will also say having just been I was there a couple of weeks ago for a conference and like I have I haven't been to Vegas in a few years, probably not since 2019 the the increase in the level of just like feeling of extraction
at every single turn there it's horrible i don't anybody would want to go there at this point
and it just like it just fits in this whole thing of like why would i go do that when there's just
gambling everywhere else too now yeah i think people are just disillusioned and trying to get
that hundred extrax or at least
have fun before the world ends. I mean, that's kind of the vibe that I get in the meme coin
casino, the ad there. But let's, I mean, flipping from the meme coin casino, listen, you know,
we have institutions buying Bitcoin. I mean, these are small stories, but it's things that
are happening. Japanese game maker Gummy announced a 6.6 million Bitcoin purchase. I mean, as I shared yesterday, MetaPlanet stock is up 4,800% since they started
buying Bitcoin. We know, obviously, strategy no longer micro strategy. After a one-week pause,
bought $742 million worth. I mean, this guy owns almost a half a million Bitcoin. Not this guy,
his company, but you get it. And meanwhile, while price is languishing, ETFs, investment products, had a $1.3 billion in weekly inflows last week.
I mean, the amount of buying under the surface, I shared a Matt Hogan tweet yesterday where he
basically said, we have the height of institutional FOMO while retail is completely depressed and not
buying, which to me is like the ultimate recipe for a bull market, right?
I mean, prices just kind of climb the wall of worry
and then retail FOMOs in at the top.
But clearly right now, the trend on the Bitcoin side
is extremely positive, even if prices aren't following it.
I mean, Tillman, how do you explain that we're sitting here,
96, 97, and we have 22 states proposing strategic Bitcoin reserves.
Well, I think you've got the nail on the head here. I think that retail is chasing the 10x,
and I don't think the retail market sees Bitcoin as a 10x from here. Whereas if you're playing
with a larger pool of capital, you're realistically not looking for a 10x, you're looking for a 6x
at the max, you know, hedge fund level type stuff. And then you're looking for really modest returns,
the higher the capital number that you're playing with. And so I think Wall Street's
finally realized that they can pump an infinite amount of money into this network into Bitcoin
as a whole. And I think that you're going to continue to see
the biggest players fight for the remaining tokens that are available. I saw something,
an article that said that there was only like 160,000, 16,000 Bitcoin available,
essentially, at one of the exchanges or one of the OTC desks. It's getting gobbled up
at a pace that they can't keep up with the supply. And there will be a pinch point, in my opinion,
where we see the price go what we would call parabolic. I just don't, you know,
we've got to run out of supply first. Well, the Bitcoin languishing too, I mean,
that's a flip that narrative on its head. Yeah, we're 11% from all time highs, 11%, right?
And because all of us here on crypto Twitter are borderline manic,
we can't deal with the fact that we're talking about Bitcoin at 10, 11% from all timetime highs and were bored. So you flip it on the TED and Bitcoin has now created
a floor to some extent that is very, very, very, very different than previous cycles.
The floor associated with previous cycles was anywhere from 40% to 65% from all-time highs.
And so different narrative, different timeframes and different players
involved here at all different levels. And again, for some reason, because we're not at 125 or 130
or 160, you know, people are sitting around on crypto Twitter and complaining. But when you flip
it on its narrative, languishing actually equals an entirely different shift, which means high floor and significantly high ceiling.
That's a space that we've not been in before. We're used to low floor, high ceiling.
So an adjustment, you know, most folks, their minds haven't adjusted to that reality.
I mean, I was talking about states.
It is pretty absurd.
I mean, this is how many states have now proposed some sort of strategic reserve.
Now, North Carolina, I think, happened yesterday.
You can see this here with the lawmaker.
But now it's become just in vogue.
When are we going to actually see one pass, Alex?
Well, so, yeah, what I was going to say is I think it's dramatically overstating it to say that 22 states are looking at it.
It's some legislator in each of 22 states.
It's one dude in most of these places introducing a bill to do it.
And I think that really is an important distinction because it goes to the absence of retail and general enthusiasm from folks who aren't on crypto Twitter or who aren't in institutions all day and i think this goes back
i think we're still underestimating the impact that sbf and ftx and celsius and everything had
in burning the reputation of crypto with so many people after how heady 2020 and 21 and 22 got like
a lot of people are still very burned and so you've kind of got two
classes of retail in my mind right you've got all the institutionals and stuff and they're doing
their thing right you've got crypto retail of people who are like yeah obsessed right now of
trading meme coins on solana and then you have like normal retail right main street if we want
to call it that who did do some chunk of buying and stuff in the last
bull run who got super burned by it and i think are you know are aware obviously that bitcoin's
come you know cnbc and cnn everyone's plastering it all the time but i think they're still very
much not really piling in that much and are waiting and seeing and i think there's at some
point where they start coming back but they're're not there yet. And I think if you actually saw a state really with a true groundswell of support for it,
like that would be for doing a strategic reserve. I think that would be indicative of it. But yeah,
right now it's all just kind of like one or two legislators who, you know, want to grab headlines
and probably, to be frank, want to grab like crypto donation money.
I just think it's interesting. I agree with you, by the way, that, you know, I think we're now at 7.3 billion on those inflows on the year. It's only the second week of February. It was 1.2 or
1.3 billion last week alone. We're obviously seeing that increase. Andrew, is this institutions buying or is this actually retail
buying ETFs and seeing these investment product drives? Because I would have to guess primarily
retail. Yeah. So, you know, underneath the institutional buying of ETFs are actual retail
people that are pushing those numbers through. I mean, those purchases have to come from somewhere.
And so, you know, that's the nature of ETF buying. And here's the other thing about, you know,
ETF purchases associated with Bitcoin. Those folks have been trained for decades and decades to buy
and hold. They don't purchase things and then let them go three months later
because they're bored with it. That is not how those folks that are ultra high net worth
investors have been trained. You buy and hold literally forever. The whole buy low and sell
high, that's not how they think about things. They buy low and sell never. That's the way that
they've been trained for four decades in the wealth management space. So Bitcoin and ETH flows
will continue to be positive. They're going to be positive from here and for a long time. And so, you know, again, that is the high floor associated with prices, right?
We just have not seen that blowout to the bottom of 30, 40 percent.
And I don't think we're going to see it.
You know, barring some crazy, you know, something geopolitical.
And there's been a lot of geopolitical stuff that's happened over the last 18 months.
And none of it has meaningfully adjusted Bitcoin's price to the downside.
So, you know, black swan, who knows?
But the floor is just is significant associated with both those assets.
I think I think it's a shift in buyers.
I think before you had buyers, again,
speculating on price increase. And when price started to tank, they were all abandoning the
ship. I think you have the larger players are not interested in price increase as much as they're
interested in the hedging benefit of Bitcoin. They're using it for a different purpose.
And what comes with that is
instead of somebody having 80% of their net worth in crypto, which has been, you know, past cycles
been indicative of kind of the average crypto nut. Now you have people with 3% of their net worth
that have a lot of net worth behind their 3% holdings that are sitting there looking at the
dips as buying opportunities because they want to get to 5%. And they're not impatient people. They look at this as a tool,
an inflation hedge. And if you have a lot of cash sitting in the bank, there's no better tool. So if
you come to that realization, you're kind of always a buyer at this stage until you accumulate enough to where you've got your hedge in place to your satisfaction.
I think it's just about the percentage of net worth that people, the average person that's investing in crypto now has versus what they have in previous cycles.
Because if you have 3% in Bitcoin and ETFs of your net worth and it drops by by even, you know, 50%. It's a blip on
the radar. You're not, you don't care. There's no force to buy. Nobody's panic selling because
they've lost a point and a half on their, you know, on their portfolio. Yeah. I mean, these
days, that's a day of volatility for any of the big stocks. I mean, you can see when you can see
NVIDIA or Facebook move 15, 20, 30% in a day, which did not used to be a thing with the world's largest companies.
I don't think anybody's having a problem absorbing, you know, one percent portfolio dip because Bitcoin went down a little.
And I think it's still important to remember the insane tailwinds that we generally have for the industry.
I mean, we even have Maxine Waters out here, you know, bringing back stable coin regulation. But if you saw the very underwhelming
David Sachs press conference last week, it was underwhelming because it was just political word
salad. But if you take a look, he did have the four chairs of the four committees that would
be necessary to actually pass legislation. So it actually was a pretty big deal. And now you have people on both sides of the aisle jockeying for whose bill is
going to get passed first. You have Senate, Congress, Democrats and Republicans all pushing
for stablecoin. It looks like in the coming months we will get stablecoin regulation and some market
structure bills very, very likely. I mean, this is all just huge for
the industry. Alex, I mean, your thoughts, are you going to listen to Masky and Waters here?
Yeah, I think there's a very interesting kind of almost dichotomy going on here with the admin and
what's being pushed is that on one hand, you've got stable coins being advanced, which if anything
are not, if anything are explicitly a very like dollar
reinforcing mechanism, right? It's making it easier for the dollar to be spread and used
as like the currency of record around the world. And at the same time, you've got, uh, I think it's
not a crazy thing to think that a lot of the play that Trump has going with tariffs. I think a lot
of it's just about trying to look strong, but a lot, there may be an underlying current of trying to slowly drive like initial
de-dollarization in order to try and like bring back US manufacturing. And I think it's questionable
how well this strategy might work, but it's a really weird balance of like simultaneously,
we're trying to like move people off of using like the actual dollar for trade, but we're also
trying to formalize stable coins, which will get the actual dollar for trade, but we're also trying to
formalize stable coins, which will get it used more for trade all around the world. It's a very
interesting economy there. But I'll say it's the it is true that the smaller, you know, more boring
things like having the four heads of all the committees up with David Sachs is so much more of a consequential and
meaningful thing than anything else that has been said or done by anyone about Bitcoin or crypto,
you know, in regards to like adoption and regulation. Except for maybe Perse at the SEC.
I think in Congress with like what Per purse is doing the sec but i agree
with you these are the guys that have to make it happen they're right exactly i'm talking about
compared to like all of these big prolific announcements and like people being like we're
getting an sbr all these things no the things that actually matter like the small and and crypto as
a whole really needs to learn to stop overselling uh you know like rumors and initial development things and focus on what
do you mean the little things that matter very calm yeah yeah nothing i don't know what i'm
talking about there you go yeah we expect uh that press conference we've talked about it but like
anyone who watched that press conference was like yeah this is a political press conference
anyone who doesn't watch political press conferences was in crypto was like, dude, they didn't pump my bags.
Seriously, Andrew.
Expectations that crypto people have for how their bags will be pumped or like.
Nothing's more important than us.
OK, it is.
It is.
You know, that press conference, of course, was political and boring but there were moments throughout the day where David Sachs was on interviews with some of the channels the investing channel CNBC Fox and the like where he went into
more detail talked about Bitcoin more talked about the strategic Bitcoin Reserve talked about the
uh strategic wealth fund talked about all those things in more detail because he wasn't in front of and with a bunch of people that, you know, were associated with the work going forward.
One thing I'll come back to as it relates to Bitcoin and again, the floor there.
Something I have, I guess, built a foundation on associated with Bitcoin on a go forward basis is the people that are buying Bitcoin ETFs, they're being led, again, by a guy by the name of Larry Fink, who happens to is an enormous and remarkable signal to the people
that he's quote unquote selling his product to. In other words, hey folks, home prices and
mortgages worked out really, really well for you over the past several decades. I kind of think we're making the same trade with Bitcoin. That is truly remarkable stuff.
And so get bored with Bitcoin price if you want to.
But Larry thinks it's going 5 to 7x from here.
If that doesn't work for you, I don't know what to tell you.
But it works.
I mean, Davos, he said 700 and something thousand, right?
That was the first time I'd ever heard him mention a price.
Yeah.
That's the first time I've ever heard him make a predictive price on anything.
I don't know.
What else did he make a predictive price on?
He's talked about AI, but hasn't put a price on anything.
But the fact that he's come out and done that is wild stuff for him.
Yeah.
I mean, Alex, as all this attention comes to Bitcoin, to give us the quick summary,
what's being built that you think is exciting and how much do you think that that will diminish the appeal of other chains?
We may not get the Solana Casino on Bitcoin, but it seems like we might get DeFi, gaming, all the other narratives.
I think it's going to be all about DeFi.
And the reason being that, well, one, I'm a little skeptical a lot of the other narratives like gaming and stuff in crypto in general.
I think a lot of those narratives are, if anything,
contaminated by the money and the amount of financialization in crypto.
I think one of the big reasons
that most crypto gaming is terrible
and has never gone anywhere
is that it starts from the point of financialization
rather than starting from the point of making a good game
and people just don't want that.
So I've always said that what gets built elsewhere
will come back to Bitcoin,
but I think 90% of that focus and development
is gonna be in the DeFi space,
like for the Stacks project
and my company Hero, where we are, that's really where we're focused right now on it, because it's
where we see the demand from people. And I think in particular, people have tolerated taking their
Bitcoin other places and using like centralized custodians to do that because they haven't had
another choice to do it. But it's also very, very limited how much people have done that.
Because especially if you have $100 Bitcoin, you're not going to bridge it through a custodial
bridge because then you take a tax hit on, well, one, you have to do KYC and two, you're
usually crossing a corporate boundary, which means your $100 cost basis Bitcoin just went
to $100,000 cost basis, which you are not going to like when the tax bill comes on it.
And so non-custodial things like SBTC that don't have to be KYC, that don't have the tax implications, that feel more secure and like they not going to something like Celsius with it, I think is going to be the basis for a
breakout of a lot of new Bitcoin DeFi and lending and pooling and things that just were not possible
before. And that is, yeah, that stuff's going to come back. That's going to get built on Bitcoin,
I think, be the future of it. And then, yeah, you'll have the casinos elsewhere.
We need a casino on Bitcoin. That's what we need if we want to get people over there.
Just need a casino everywhere. You know, where I need if we want to get people over there. We just need a casino everywhere.
Where I live in Montana, there's casinos at the gas station.
There's casinos everywhere, Scott.
You just got to know where to look.
Absolutely.
Well, Alex, I'm going to let you go.
9.30, we appreciate having you.
We have to cut this show short in about five minutes
because I have to do a thing on SiriusXM.
But I'm going to give Andrew and Tillman the five minutes
to talk about ArchPublic.
So thanks, man.
As always, a pleasure, and thanks for waking up early for us.
Bye.
It's cold down there.
He's cold.
You can tell he's cold in Montana.
Tillman's probably cold out in Colorado.
Yeah, it's cold out here too.
All right, guys.
What do we got going on with ArchPublic here in the last couple minutes?
Free, free, free, right?
It's our Bitcoin algorithm algorithm and the arbitrage strategy
is free so listen you know as founders we believe that everybody should own bitcoin
and with all the talk about a bitcoin strategic reserve at the state level and the federal level
personally people should be building their own Bitcoin strategic reserve, personal versions of it.
And our product being free to folks, we think is a fantastic start to that journey.
It's an institutional level tool available for retail.
So you're getting an institutional level tool that connects to TradingView for free.
It's absolutely free. So go get it, right?
And it's not just a trading tool. It allows you to pull historical performance reports against any of the settings and the parameters that you put into it.
So it allows you to see the past as it pertains to performance against anything that you want to go forward with in the
future and feel very confident about your decisions. And our team is really, really excited
about teaching people how to use the tool. So if you want to schedule a demo and talk to somebody
as you download it and get familiar with it, please do so. We encourage that. But the more
you know about it, the more robust you learn the feature set is, the more flexible it becomes to achieve the goals that you're set up to achieve, especially as it pertains to accumulating not just Bitcoin, but all of the anything that is offered on Gemini.
Right now, the software has Bitcoin, Ethereum and Sol currently, but we're expanding that.
Not Central African Republic.
No, we had a meeting about it.
We had a meeting about that particular one
and we decided against it.
It was a close vote, but we decided against it.
By the time the meeting was over, it was down 97%.
Yeah, well, we prefer to add things that last longer
than the development timeline that it takes to implement.
So it will be on every asset on Gemini though, eventually. I mean,
is that the goal effectively?
If they do the vetting and then you allow people to make their decision and
the algorithm runs.
That's right.
Yeah. It's, it's just you know,
people have responded in a meaningful way and the reason why they have is once they
get their hands on it, they're just it's remarkable what the feedback has been associated with while
this tool does so much, right? There's not only the arbitrage portion of it, which generates
significant returns, both as it relates to stacking Bitcoin and cash yield. But then there's
accumulation parameters that we have in But then there's accumulation parameters
that we have in there.
There's trading parameters that we have in there.
So once you get your hands on it
and you get in touch with our staff,
it's kind of like you have this opening
of the minds type deal.
And you're like, wow, not only can I set up
four or five different things that I want to get done,
but then I just take my hands off it
and the algorithm does everything for me.
It's three in the morning and it's like I'm sailor and I'm buying Bitcoin when it dips.
Right. So really just remarkable stuff.
The way that Tillman and our development team have worked to build this stuff.
I'm not on the development side. My brain isn't big enough.
I'm just relatively decent at talking.
The work that they do is extraordinary.
It really is extraordinary.
It's built for selfish purposes.
I've been in Bitcoin for over a decade, and there's a real lack of tools.
Even what Alex was saying earlier on the show is nail in the head again. It's like, what's going to be developed this year that's going to make
people interact with crypto, interact with Bitcoin, and make it easy for them to do so?
And the ETFs are an example of that on the TradFi side, but there will be a lot of examples of that
on the self-sovereign side as well, or the cold storage wallet side. And that's what we're a part of.
That's what we want to do. We want to make people who haven't interacted with Bitcoin be able to do
so with the best tool set that's available so that they can make the best decisions that are
available to them. So that's really what it's about, is enabling people to have the knowledge
and the expertise that takes a decade to build.
Like it makes something that's incredibly difficult and incredibly cumbersome and time
consuming exceptionally easy because the algorithms don't sleep.
The algorithms don't eat.
The algorithms don't need to take a break.
They're just sitting there waiting for the conditions to be right.
And then they execute on those conditions.
Yeah, I mean, at the end of the day, turn your brain off, buy Bitcoin, do it in an efficient manner for free with this algorithm and go about your life.
Well, and these are the conversations we love having with customers. We had a customer on a call a couple days ago say, well, your algorithm wouldn't have performed as well as if I had just bought in December of 2017 and held the whole time.
I said, yeah, you're right, but do the same math on buying in 2021 and holding.
No one knows what the market's doing.
No one knows where we are in the cycle.
We all can guess.
We all think it's going to go a lot higher.
Don't know when the timing of that is. And so it's better, like you said, to turn your brain off,
put something in place that you've thought about beforehand, before the emotion is involved,
and then set it and forget it and let it work for you. That's the best approach.
I appreciate you guys. Sorry to cut it early. I have to talk about tariffs or something on SiriusXM.
I got to leave you with this.
The thing I laughed the hardest about yesterday was somebody put a picture of the price of
Ethereum and it said, did anybody else know that Ethereum was made of aluminum?
Oh, my God. And speaking of which, you know,
there's a guy, the story up
above, or below, probably, the title.
This guy you've heard about who's digging
in the trash for his landfill. He's trying to
find his $700 million in Bitcoin.
He bought the landfill. He's trying to buy
the entire landfill before they change it.
All right, guys. I got to run. Check
out archpublic.com. Thank you, gentlemen.
See you next week. Bye. All right. guys, I got to run. Check out archpublic.com. Thank you, gentlemen. See you next week.
All right, you got it.