The Wolf Of All Streets - Bitcoin On Fire! Is $120,000 The Next Stop?

Episode Date: December 17, 2024

Bitcoin broke another all-time high and almost reached $108K. I am joined by Andrew Parish from Arch Public and Paget Stanco from Gemini to explore what's next for Bitcoin and crypto! Unleash algorithmic trading with Arch Public: https://archpublic.com/  Andrew Parish: https://twitter.com/AP_Abacus  Paget Stanco: https://www.linkedin.com/in/pagetstanco/ ►► JOIN THE CRYPTO CONVERSATION ON ROUNDTABLE 👉https://roundtable.rtb.io/shortUrl/ZJuMmEQ ►► 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.

Bitcoin is absolutely on fire, currently trading at above $107,000 American dollars. Psychological price targets for many are $120,000, $150,000, even $200,000. But I think everyone can agree, regardless of what that target is, that prices are likely to continue up through this cycle. And I can tell you there's one person who thinks so, and that is Michael Saylor, who continues to buy billions of dollars worth of Bitcoin and announce it seemingly every single Monday. We're going to discuss what this means for the market, what the MicroStrategy inclusion in the NASDAQ means, and how you too can dollar cost average like Michael Saylor. We have a very special guest

today, Patrick Stanko from Gemini, as well, of course, as Andrew Parrish from Arch Public. This show is going to be amazing, guys. Let's go. 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 hit that like button. Let's go. Had some date changes, but the content that came out of it was amazing. And the conversation was as well. Good news is we can continue it here. And now I don't know what the price of Bitcoin was then, guys, but it's $107,000. I mean, Padgett, you've been obviously tracking this for quite a while. You talk to Gemini customers consistently. I mean, what do you make of this absolutely insane bull run so far? Yeah. Good morning, Scott. You know, I think it's a really exciting time, not only

for the price itself, but we're seeing a lot of mainstream recognition, right? This bull run compared to, you know, previous ones highlights wider range of market participants that we're seeing across the board. As you mentioned in the intro, we'll talk about Michael Saylor's investment and the public sharing of that every Monday. But the six-figure effect is I think having cultural impact at this point. Andrew, $107,000. I know we don't talk about specific price target charity of that, but I mean, this is pretty crazy. I mean, we're up like 50% since the election, something like that. We is you know, we're really we're really flying here. I go I go back to something, you know, our show last week got cut short because of technical issues. But something that I wanted to highlight last week that I thought was really, really important.

Goldman Sachs put out an institutional note on a Saturday that was nine pages long. And on the first page, they highlighted a focus on crypto. And in that focus on crypto, they talked about futures, NDFs, and options. And they are offering their institutional clients basis trade packages, where they're offering swaps on ETFs versus NDFs. Folks, not to get too technical here, but that is basically saying we are open for business. We want everyone to come here and do business with us, with crypto and Ethereum and Bitcoin. And all the ETFs are available to you. All the options are available to you. All the NDFs are available to you. Everything's available to you. Come, come,

come and have some fun and play in our little carnival that is crypto. That is so significant that it's hard to quantify. Remember we talked about with Jeff Park and Bitwise, we talked about options and what that may mean. And when we talked about that, we talked about this explosive event that could happen, a gamma squeeze of some sort. But we really didn't talk much about the fact that options just existing would mean significant liquidity and significant movement in Bitcoin. We're seeing that right now. Options allowed for this note to be put out by Goldman Sachs. And that's playing a serious role in the movement that we're seeing. I don't know if anybody's noticed, but Bitcoin basically just goes up every morning and then it finds a range and then does it kind of again at near the end of the day.

But every morning it goes up every single morning, Monday through Friday, by the way. I was just saying at roughly 9.30, yeah. About 9.15 to 10.30, right? So, you know, are the Goldman's and BlackRock's of the world heavily, heavily involved right now in where Bitcoin goes and what it does and how it does it? Of course, of course they are. I saw a statistic the other day about, you know, Saylor buying this much and doing this much. And, yeah, that's a that's a big deal in our our bubble in our space. But the truth of the matter is, is, you know, I think the Bitcoin ETFs collectively own two and a half to three times more Bitcoin right now than Saylor does. So it is,

you bring those two things together, and you're at 107.5. Yeah, obviously, that 9.30am could be the buying of the ETFs for the people who purchased the day before, right, on delay as well. And obviously, Gemini, I believe you guys custody for VanEck's ETF, correct? So we can talk about the institutional side, but Padgett, you touched on something earlier that I want to dive more into, which is obviously the fact that you're seeing more mainstream awareness because it feels like we're in this weird place where price is really high, but we don't have the same feeling from previous cycles yet where everybody's calling me. So what you're seeing with customers, upticks in volume, signups, are you seeing sort of that peak FOMO bull market or is it really just

the starting of that ramp up? Yeah. I think to be quite honest, retail has not come all the way back as it had in previous cycles. So Gemini in particular is really focused with our new brand campaign with some additional educational content on that retail investor. And I think that will come in more time, as I kind of pointed to in the beginning here. Right. We're seeing this across mainstream media at this point, which I think will continue to impact the general public, not just the institutional investor. From the institutional side, you know, the Michael Saylors, the traditional finance institutions, as Andrew pointed out, are really putting the spotlight on Bitcoin, both in the ETF format and in the direct. And we haven't seen the dominance in headlines like that before. So I think the retail is going to continue to pick up. But right now, institutional is definitely at the forefront and the focus for us as well.

So what does that mean for you as far as attracting new customers, right? So you've got the VanEck ETF, obviously, that's, I guess, passively you're interested in people buying the VanEck ETF. But for making sure that these hedge funds and all of these institutional traders and all of them choose Gemini, what does that process actively look like? Yeah, a lot goes into that. I think sticking to Gemini's bread and butter of serving as a trusted and secure exchange and custodian still remains to be, you know, the

focus of why people are knocking on our doors and why we're able to achieve the business success that we have. You know, at this point, right, serving as a qualified custodian in the space, having the tenure that we have through all previous highs and lows in the market is holding our value for sure. Working alongside, you know, ArchPublic and being able to provide additional opportunities outside of the traditional exchange, you know, buy-sell orders. We're being, expanding that, I should say, to dollar cost averaging with technology included, such as the arch public utilizing our OTC desk, being able to stake certain assets. We're providing a lot more from a feature and functionality standpoint than just that buy,

sell, hold that typically was available in the past. And I think as we're seeing additional institutional involvement, marketable growing, liquidity depths included there as well. And so giving, you know, opportunity for those additional institutional investors to come in if they hadn't previously. Does it feel like there's still primarily a Bitcoin focus? Are you starting to see a lot of interest kind of further down the line? Yeah, I think, you know, Gemini in particular lists, you know, over 70 assets. I think when we look at the top 20 by volume, those are definitely the most popular. Bitcoin, Ethereum, Solana. As you see across most exchanges,

the ETFs are definitely prominent for sure in terms of Bitcoin and Ethereum assets themselves. But definitely starting to spread out as Gemini continues to list some of the meme tokens and others in attracting the retail space as well. Can't deny the power of the memes these days. You can try to fight it. I do. Can't deny it. Can't deny it. It's there. Absolutely undeniable. Interesting article here, actually, in Bloomberg. I didn't realize just how powerful this bull run has sort of been. Bitcoin on track for longest weekly winning streak in over three years. So, you know, this is just a long trend of huge green candles, basically, since the election. Andrew, I mean, listen, there will be down days, there'll be down weeks,

there'll be big retraces because this is still Bitcoin. I don't care what anyone says. I don't think we'll get massively dampened volatility. I think we're going to still have a lot of fun. But Andrew, I mean, when does this train stop in your mind? As we kind of come into a new, you know, I mean, we had Trump hasn't even come in yet. And this is, you know, all attributed to Trump. I attribute it to the cycle being. Well, I just I just noticed another thing. And, you know, apologies that I'm pounding away on this institutional note. But I just noticed another thing. The first paragraph says, in light of upward price trajectory in crypto markets in November, on the back of market expectations with regards to the potential prospects and policy implications under the president-elect Trump administration.

So there's a paragraph that basically says what that article is referring to. Like the movement from 57 90 days ago to 107 right now is connected to that. Like there's an expectation that there's regulatory shift that broadens the highway from a single lane. you're going over a bridge, two cars aren't going to fit to now a four lane highway that opens up a huge amount of opportunity, not just for Bitcoin and Ethereum, which we're going to survive no matter the administration that came in. But now there's a reason why the likes of Gemini or Coinbase or Robinhood are just listing asset after asset after asset because the regulatory road is going to be completely wide open. And there should be some clarity associated with what is or is not a security. Frankly, I don't think that particular question will be

dealt with directly. I think that question will fade into the background and crypto will just become part of the conversation overall in finance. That's where I think the comfortability of exchanging, adding assets that they previously removed from their exchanges, now bringing them back on and then bringing back, not bringing back, but bringing on assets like, you know, Mudang or whatever it happens to be. Mudang with hats. Onto their exchanges, you know, the meme coins and the like. So, yeah, it's that paragraph is illuminating when an organization like that, given its conservative nature is saying, hey, you know, sunny skies ahead. I've said this before on your show. It was such a stunning moment for me when Bernstein put out a black book on Bitcoin that was very, very long. But basically, the headline was, stop questioning it, buy everything. Stop questioning, buy everything. That was the craziest institution I've literally ever seen. Literally, I mean, just just a just an enormous moment. Stop questioning by everything.

Literally, their mandate as an organization or research organization is question everything. Be careful about buying anything. That's the whole point of their existence as a research organization. They said, stop questioning by everything. The opposite of what we usually do. So and by the way they were right they were right you know a month and a half ago if you'd have done what they said to do you'd have made a ton of money you know over the last six weeks yeah uh i was just checking as we were talking about that for my inevitable gauge of market sentiment, the market cap of Fartcoin, which currently today is down and sitting at 762 million. The meme thing just blows my mind. I can't help but joke about it

on a daily basis. Interestingly, though, Goldman had that note, but then David Solomon had an interview where he said something to the effect of, there's a lot of things we want to do, but we're still waiting for regulatory clarity. So the expectation is there, but I do still think that we need to see actual action kind of in the initial phases of the next administration, or that could put in a ceiling to some degree. I don't mean from price, I just mean from hype or sentiment. If we don't actually see a ton of interest in action and follow through, you know, it could lead a lot of people to be a bit disillusioned. I don't think that'll happen, by the way. But I mean, Padgett, you have to still have people who are saying, this looks like a green light, but we need to see the green light.

Yeah, I think that's a really important point to bring up. And as you mentioned, Solomon commented on it, right? I think the conversation around Bitcoin cryptocurrency, generally speaking, being regulated is just no longer speculative at this point. It's pretty much inevitable. Right. And so as we hopefully continue to see Bitcoin break records, these prices continue to go up each week, each day. Right. There is a need for clear regulation in this space. And so I think, you know, we're seeing with Trump coming in in a couple weeks here that that discussion has already begun. How is Bitcoin going to be integrated into the system? How is taxation, investor protection, all these components going to actually be

addressed, not only in the US, but we're seeing it overseas as well. So I think, you know, really important to highlight that the conversation itself has shifted from whether or not it's going to be regulated, but actually how we're going to do so. Yeah, that makes perfect sense. I want to talk now more about what Saylor's actually doing, obviously. I guess it's just like another day and another week, another Monday, whatever. At this point, we just shake our head. But I mean, he did buy, I think, another casual $1.5 billion last week, announced it yesterday. I mean, they're joining the NASDAQ 100, which means that everybody, whether they like Bitcoin or not, is basically going to have some exposure to Bitcoin here. So there's a little bit of a 360 dunk we get to do on TradFi, I think, with that.

But what does it mean to have somebody like this leading the charge continually? He's on media every single day answering questions. I wish we had the video when somebody asked him if it was a Ponzi scheme yesterday. I don't know if you guys heard that, you know, continuing to sell stock, take on debt, whatever. And he just pointed out it's the same thing you would do if your building in Manhattan went up. Yeah. I mean, just, you up. He has an answer for everything. Now we have others like Riot following along, Marathon was following along,

Core Scientific following along with the same strategy. So what does this inclusion, I guess, in the NASDAQ 100, it's sort of a stamp of approval, whether begrudgingly or not for his strategy, what does it mean? And do we think that Michael Saylor can continue to dollar cost average every single week for billions of dollars? Well, I mean, he's going to keep doing it because the banks are going to keep giving him convertible notes associated with equity as the equity continues to go up, as it will because it was just included in the nbx right so you you have a nasdaq 100 inclusion um which pushed the stock higher um every time the stock goes higher he's going to sell shares he's going to to uh get money from banks he's going to do convertible notes and he's

going to buy more bitcoin i mean that is the nature of his business model at this point um so there's going to be another monday and another business model at this point. So there's going to be another Monday and another Monday and another Monday where he's going to keep doing it. It was interesting that the phrase that he used when asked, it's a Ponzi scheme. He's like, no, for 300 years, it's been, they've been doing in Manhattan, just building bigger buildings as the price goes up. It's not a Ponzi scheme. It's an economy, right? So he had the perfect answer for that question. And I'm always, my interest in the quote unquote, sailor trade is eventually how it trickles down through the banking system, right? Because

there are banks that are facilitating this process on his behalf. So that being the case, how wide and big does that particular function and trade get, right? You just talked about there are other firms that are doing it. What other firms begin to do it? How wide does that net actually get? That's where my interest is. And where does that particular lever that's being my interest is and where does that particular um you know lever that's being twisted and turned and pulled um what does that look like six months from now or 12 months from now in the world of banking um are there you know fortune 500 type companies of scale that end up using a smaller version of this as a percentage. But it's it's it may be even larger because they're much bigger firms. That's the interesting part for me.

Microsoft and such, I mean, Pat, what do you think got a point five five percent vote? So I guess we can temper the expectations of Microsoft adding Bitcoin to the balance sheet. But I've been seeing him do this. Do you think that it's inspiring confidence in other institutions? Do you think it's inspiring confidence in retail? I point to it all the time. I say, listen, this guy doesn't care about the price.

He jokes he'll be buying the top for the rest of time. When they say, what about when it's a million? He says, I'll be buying it for a million. It'll just be a bit less Bitcoin. Right. So, you know, do you think that it's been four years of this? It's pretty crazy that he's sort of been leading with this strategy and it has just continued to work. Yeah, I think it's really interesting. You know, there's obviously the banking side, Andrew, that you spoke to as well.

I think, you know, we're we're definitely seeing the influence on other corporates, on other, you know, the bigger picture here. I think, you know, not all companies are ready to directly dive in like he has. You know, you mentioned Microsoft, obviously Amazon shareholders had a similar vote, that one going in favor. But, you know, so we're seeing this trend for Bitcoin adoption in corporate America. It's clearly gaining traction. And I think, you know, MicroStrategy being included in the Nasdaq itself, we're going to get that in just direct exposure anyways, right? So a little bit of stepping stones I feel going on. He's influencing, you know, not only on the direct participation there and following, you know, potentially a strategy, but you're also now going to have opportunity for those investors to be exposed to Bitcoin, even if they, you know, hadn't directly chosen

to invest in cryptocurrency itself. So I think he's going to continue to lead the way. I don't see this purchasing, you know, trend stopping by any means. So looking forward to seeing kind of how MicroStrategy continues to perform and the market continues to follow. The chart that you showed yesterday on Macro Monday associated with the national debt, a Bitcoin reserve, CAGR and the like, that's extraordinarily illuminating stuff. The numbers are the numbers and those numbers will move around a little bit. But if you're a company and you look at a chart like that associated with numbers that big and the dent that it can make, and then you shift those numbers to the upside for your company,

not just paying down debt, but increasing profits and increasing yield and increasing, um, margins, um, that's something that you have to seriously consider. Yeah. I mean, that's serious stuff right there, man. I mean, it's compelling and it should give corporate finance folks pause and reason to do a real deep dive. My favorite part is the default starting price of $250,000 in 2025. Yeah. Well, listen, you know, I thought I was aggressive six months ago when I said, you know, Bitcoin would be at $80K-ish by the end of the year. I was wrong and I was wrong to the upside to the tune of 25% plus. Right. to the tune of 25% plus, right? So, you know, who knows where we're going to be at in 2025 by the middle of the year to the end of the year. But at the same time, the numbers there are the numbers.

And again, if you flip that on its head and you're using that from a corporate standpoint and the benefits associated with it, you'd be sort of dereliction of duty if you're not having serious conversations about it. I know that they had changed the FASB rules, the gap accounting method that had kept so many people from keeping Bitcoin on the balance sheet, obviously. In the past when Saylor did it and Tesla and Square, well, they had to mark basically their Bitcoin on their balance sheet to the lowest price it was during that quarter, which nobody in their right mind, not even Michael Saylor, would do. I think those laws I saw this week just actually kicked in the change. And now we had this from David Bailey yesterday.

I don't know if you saw the CEO of Bitcoin magazine. Hundreds of public companies in process of adding Bitcoin to their balance sheet. They need to hurry. Someone, Wits, he watches the show. Name three we don't know about. I've heard of five just today. So, you know, listen, Bailey can be a bit hyperbolic, but this is one of the guys who's responsible for Trump's conversion over to a Bitcoin maximalist. I take him generally at his word.

I'm going to start seeing announcement after announcement it doesn't have to be microsoft and amazon i mean there's you know tens of thousands of companies that can do this bailey can be hyperbolic but over the past couple years he's been right um and so you know he's been at the epicenter of bitcoin being moving you know up another shelf up another shelf up another shelf and then another shelf, up another shelf. And then as we all know, the most famous guy on the planet ends up speaking at the Bitcoin conference. So he probably knows something about something. And given the numbers that we just looked at, perfect time to bring up a tweet like that. Yeah, it only makes sense that there should be more and more corporates

at minimum dipping their toe in here. And a reminder, a corporate dipping their toe in is hundreds of millions of dollars, generally speaking. It's not, you know, a smash buy for 2 million bucks on an OCC desk. If a-dollar company just adds 1% and buys 10 million, I mean, that's a rounding error on daily volume in the market, but it's not as far as narrative. Correct, correct. Well, and if that narrative turns into 10 to 20 to 100 to 200 companies doing that, you know, 200 companies inside of the, let's call it the fortune 5,000, which is a very

real thing is not out of the, that's not out of the realm of possibility. That's a real possibility. Actually, in fact, we may be not that far away from it as we speak, you know? Yeah, that's what he's saying here. But you know, what's funny is we used to go on this show when we started and we talk about how Larry Fink was out on the road show and marketing Bitcoin for us. And it's this like fever dream that the basically most powerful person in finance is doing that. And then we would say, what happens when Larry Fink goes out and says, you know what, everybody should just add one or 2% Bitcoin to their portfolio. He literally did that last week. And it's not even a news story anymore. BlackRock put out a note and said 2% to 3% exposure.

Maybe they said 1% to 2%, and then actually somebody more conservative said 2% to 3%. Fidelity? It wasn't Fidelity. But, I mean, BlackRock just said that. Like, they managed $12 trillion in assets. Largest asset manager on the planet said, hey, you know, everybody should just have 2%. You can't tell me that people aren't listening to that, Padgett, right? You guys are going to see it.

Yeah, I think, you know, completely agree with what you guys are saying. I think the fact that we're seeing the topic, right, come across to shareholders' attentions for all of, you know, Fortune 500, 5,000, Andrew, companies here, right, is clear tailwinds that we're seeing. So I think really exciting time, you know, and businesses are just going to continue to add, whether it's Bitcoin or spread out into some of the other assets here. But I think the conversation alone is really exciting. So go try and go back, you know, try and hyper blast yourself back to like 2019. In the last 10 days, we've had a year's worth of headlines from 2019 for just in the last 10 days.

Goldman puts out a note. David Solomon says we want to do more Bitcoin and ETH products. BlackRock says 2%. Fidelity jumps on top of that. Bitcoin's strategic reserve. Oh, it might happen in the first day by executive order. I mean, that is, and we wonder, oh, we're at, you know, I think we just hit another new high, I think just moments ago. Probably about to hit on. Yeah. Right. So, um, yeah, it is, it's, it's incredible to watch, but when you, you take a step back and you're like, oh, we've had all of these announcements in the last 10 days. No kidding.

We're at a new high. Yeah. I mean, we're dominating headlines. Right. We've never seen this before. And so I think just the attention, both general public, mainstream media, financial world. Right. We're across the board here.

Patrick, do you have five more minutes? I know that we're like running up against your time. All good. No worries. It might be 10 knowing me but uh so so i want to a talk about arch public and gemini obviously and following that sailor strategy but first i want to talk about what what gemini is specifically doing because this is kind of a moment where anyone in crypto has the opportunity to capture this really like lightning in a bottle i I think. And ahead of that,

you released this incredible new campaign. I saw it in Times Square. I saw it in Miami on the side of buildings. You guys have gone really, really big with this go where dollars won't. So I find this really interesting because you could obviously focus on prices and investing and making a lot of money. And I think that's what a lot of people do. Like, hey, Bitcoin is going to go to the moon. That's our marketing strategy. You guys have really focused, I think, back on the core sort of ethos of the original Bitcoiners and solving problems in the greater financial system.

It's a pretty interesting and risky and I think bold take. What was behind sort of taking this approach to the whole new branding and campaign? Yeah, it's been really fun and really exciting. So this Go Where Dollars Won campaign, we actually launched on the eve of the presidential election. So crypto obviously being a major campaign issue and topic, it was such a pivotal moment. And, you know, as we've seen in the seven, eight weeks since we've seen massive changes, obviously, in pricing and in the industry as a result, this campaign exactly as you pointed to is really fun and whimsical. And we wanted to focus on, you know, the optimism, the fun, the creativity that,

you know, is associated with the crypto space. So all of the images that were used in this campaign were actually drawn by Matt Griffin, who is the artist behind Dune, Dune 2, a lot of the Star Wars work. So that was really exciting. And just trying to provoke, you know, people to think about the future experiences that they may do where crypto can take them. So really this playful what the role of cryptocurrency is going to be on the future, experiences that they may do, where crypto can take them. So really this playful, what the role of cryptocurrency is going to be on the future market and day-to-day life. Scott, you're exactly right. We launched this in New York, LA, Miami, Dallas, London. So over 2,000 ads placed globally and really exciting and fun imagery for sure.

It's amazing. You're sort of doing the heavy lifting for all of us by doing a campaign that's less Gemini specific and more, this is why you need Bitcoin and crypto. Yeah. I think there's an education component too, right? Obviously taking a fun approach to it, but this is what crypto is all about. It's the optimism. It's building for a future. Obviously we've seen regulatory challenges and bad actors previously in the space. But hopefully, this message buries all of that and looks to the future ahead and the brightness that's available there. What I think is cool is-

Off the cuff, Andrew. I'm just going to tell you this, Andrew, personally, as friends. You can give me Bitcoin. It's right here on the site. Give the gift of Bitcoin. You can put it in an ornament. What I love about the campaign is that Gemini was, was,

you know, put together the campaign. I'm sure spent months on it and launched it a day before the election. Right. So no matter the results of the election, there was a commitment to broadening the message outside of politics, right? And I think that's cool. You know, I'd love to hear more interesting stories about those conversations and what that looked like and, you know, different pathways. Also, my shirt matches

their campaign on their website. That was totally strategic today. But no, I think it's really, really, really cool. Obviously, we went there and did some video and some of the stuff in New York City, the places where it's hosted. Madison Square Garden is absolutely electric. There's all these huge video boards, and they did a bunch of takeovers there. It's very, very cool stuff. Yeah, it really is. And the very, very cool stuff. Yeah. It really is. And the timing, I mean, just impeccable. You guys

feel like you knew something. Smart. Very, very smart. Yeah. No, but it's amazing. I would have loved to be in that room where we're like, this is what we're going to do. Where you get the Dune guy. Mammoths in space. Right. Yeah, this is where it could be a safari on mars

you know we're playing with with fun items here there's no kind of dynamic technology piece included it's really up to your imagination which is fun yeah and so other things you can do on gemini and of course, with Archpublic. And since we have both of you here, it's worth discussing, as you guys know, because Andrew's here every week and we talk about it. The Bitcoin algorithm by Archpublic is launched specifically with Gemini. Everybody who is a responsible advocate of our industry. He says, just dollar cost, Bitcoin stupid. Don't overthink it. Don't trade Mudong with hat, with high leverage.

The easiest way to gain exposure to this market and the smartest, in my humble opinion, is to simply dollar cost average like Saylor, but your own little Saylor. We've talked about this tool a bunch on on this uh on this show and gemini has been an awesome partner they're absolutely wonderful exchange and um people have loved using the tool we are going to be um launching the sell side of of the algo as well uh the second week of january uh the reason why we're doing that beyond you know

acquiring um uh bitcoin there's a lot of people with a lot of bitcoin already that are thinking okay how do i do i want to sit at the tippy top or do i want to you know do i mean i want to make some meaningful decisions how dare you and that is harder and it. You will be banished from the high council of maximalist wizards. And by the way, that is harder to do than when do I buy Bitcoin? It's much harder to do is when do I trim some of my holdings? And then inside of that conversation, you'll have the opportunity. And we'll put out some papers associated with using our tool to arbitrage bitcoin to actually increase your stack on a go-forward basis and then the other

thing i want to announce on the show today is in that second week of january we will be announcing two more algorithms that will be asset specific on gemini's platform, Ethereum and Solana. So those will go live. That was the announcement of an announcement? The announcement of an announcement. Actually, but they actually gave the announcement. It's not a crypto show without an announcement of an announcement. You know what I mean? But then you made the announcement. So now we know what the announcement, you announced that you were going to announce the announcement that you announced. I love that.

I love that. That was very, very solid. So why those two, I guess, specifically that, right? By the way, guys, I literally didn't know that. So that is the reason for those two have to do with liquidity. And then obviously the fact that, you know, those are assets that people are very, very interested in and that people own. Okay. People own those assets. So when you're looking at the opportunity, we're going to launch a campaign that's going to say acquire trade or arbitrage, all of these assets. Right. And so you have to be involved in those assets to really do two of those things. Right. So, you know, as Paget can tell you, Bitcoin, Ethereum and Solana are probably the most traded and active assets on their exchange, probably any exchange. So the opportunity in terms of liquidity to be able to do those things and to profit from doing those things are the reasons why we will launch those two algorithms. Padgett, from your side, how are you viewing this? Obviously, you guys are happy with

it. You're expanding. But do you think that this is the way, whether with Archpublic or otherwise, but do you think that this is the approach that most people should probably be taking, not financial advice? Yeah, not financial advice. I definitely agree with you, right? If it's working for a sailor, why not try it yourself at a smaller scale? I think particularly, you know, working with the arch public, having them launch this algo with Gemini exclusively is a really exciting way to hopefully see some of this retail market share come back, right? I don't think we're fully there yet. And so having the SPY capability is great. And exactly as Andrew pointed to, a lot of people are holding Bitcoin. So let's bring in the cell capability and let's expand this to other assets. We're, what, four or five weeks into launch here. We've seen

success across the board and clients constantly onboarding and asking questions. So letting it prove itself at this point. But I think if you haven't already, why not try? Yeah. And the sell side, you could just sell your Bitcoin to Saylor. He's dollar cost averaging into that, which you are dollar cost averaging out. Perfect. I think we might have a little more juice to squeeze, but to your point, I always comment that bull markets are so much more stressful than bear markets. Bear markets, you just have like a set floor of depression where you just like sit there doing nothing. Whole markets, you have to actively make decisions and fight the fact that things could go up beyond when you sell them and all the emotions that come with actually having to actively manage positions. I find it so much.

Well, you have double anxiety. If I sell and it goes up, I'm screwed. If I don't sell, it goes down. Why didn't I sell? What am I doing? Every day could be the beginning of the next bear market. Never know. Well, I love the announcement of the announcement. Padgett, it was awesome to have you on here. Thank you so much. I'm hoping we can do this more frequently. Yeah, definitely. Happy to join again. Always enjoy speaking with both of you and I think exciting times ahead. Let's see what the new year has to bring for sure. So of course, guys, check out Gemini.com. You can see the campaign that we were talking about

and obviously all the things they have to offer. And ArchPublic.com, formerly known as TheArchPublic.com to check out the Bitcoin algorithm and get signed up. And then you can be signed up on both. I see people joking about Swan in the comments. Yes, I don't know if they have a sell button, but Gemini does. You can still sell. It is allowed. That's all we got for you today. Thank you so much, Paget and Andrew.

Check out Archpublic. Check out Gemini. And we'll see you all soon. Thank you. Bye. Thanks, guys. Thanks. Let's go.