The Wolf Of All Streets - Bitcoin To $160,000 This Cycle!

Episode Date: July 2, 2025

►► Sponsored by Aptos, check it out here: https://aptosfoundation.org/ Hadley Stern, CCO of Marinade, predicts Bitcoin will peak at $160,000 this cycle — but warns that new U.S. legislation like the GENIUS Act could threaten decentralization in crypto. He shares concerns about the growing influence of centralized players like Circle and Coinbase. With ETF flows, corporate treasury demand, and policy shifts creating bullish momentum, is this the perfect storm for Bitcoin? Hadley Stern: https://x.com/hadleystern Chris Inks will join us in the second part to share some interesting trades in crypto and beyond. Chris Inks: https://x.com/TXWestCapital ►► JOIN THE WOLF PACK - FREE Telegram group where I share daily updates on everything I'm watching and chat directly with all of you. 👉https://t.me/WolfOfAllStreet_bot ►► 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.io/ 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.

Coin is going to $160,000 this cycle. Not my words, but those of today's amazing guest, Hadley Stern from Marinade. And honestly, Standard Chartered just up their bets on 2025 to 200,000. So I guess I have to ask Hadley why he's so bearish. We're gonna talk about that. And of course, everything else happening in the market

with Chris Inks, Texas West Capitol on the backside of the show. Let's go. Let's go. Let's go. Everybody has a big price target for Bitcoin for 2025, 2026, 2030, 2037 and a half. We know how it goes. Michael Saylor, I think now saying Bitcoin's going to $17 million a coin.

I don't know. Predictions are getting bigger and bigger and bigger, but today's guest says 160,000. Hadley, how are you? 160,000, I think that's reasonable. Dare I say you're reasonable? I think so. I mean, I'm not saying 160,000 in 2030 to be clear. I think that's reasonable. Dare I say you're reasonable? I think so.

I mean, I'm not saying 160,000 in 2030 to be clear. So I think it's fairly reasonable. That's my notional price target for the end of the year. But yeah, I guess standard charter is a little more bold than me. So it's kind of funny to have someone in crypto be bearish compared to a bank, but there you go. I guess you're a bear, but listen, I mean, maybe let's just start by talking

about fundamentally why you think we're going up in general, right? So obviously 160, we know that targets are kind of, an area, maybe we go 140, maybe we go 175, I consider that right, but I wanna talk about the reasons that fundamentally you still think we're in a bull market, that we haven't topped and that we're still heading up. Yeah, I think there's still, if just if you know, if you observe previous Bitcoin cycles and where we are in the cycle, we still have some room to go.

I don't think we have as much room to go to 200. But you know, I think for for some reason, 160 seems like a right next level for us to hit. Before then, we'll settle down in probably the 120 range. So there's still more inflows, I think, to come for ETFs. There's still a lot more bullishness around Bitcoin and people entering it. And 160 feels right for the end of this year. You know, we were just touting this epic 15 day wind streak for ETFs and inflows yesterday. So of course, if I do a show talking about that, we have to have a day of outflows to break it. So yeah, there you go. 342 million, I guess it's over pack it in, right?

There you go. Uh, 342 million, I guess it's over pack it in. Right. Yeah. I also think I'm going to talk about Solana ETFs. I also think there's going to be some uplift from this wave of ETFs that are going to come, um, you know, on the one hand, it may create some saturation in the market and, and, you know, spread things out too much, but I think ultimately it's going to be good for Bitcoin because you've got some of these

multi-asset funds coming from grayscale that are kind of the top five. And then you're just going to hear a lot more about crypto and digital assets with Ethereum staking ETFs, Lana staking ETFs, which we're helping build, etc. Yeah, let's actually talk about that. You brought up a great topic before we dive into exactly what you're doing kind of as we get to the news here. SEC approves Grayscale's mixed crypto fund signaling momentum for other ETF proposals. So we saw we're getting a Solana staking ETF.

Well, it's not entirely a Solana staking ETF. It's an ETF that includes some Solana staking, I think would be the best way for us to bid. But now Grayscale, effectively taking their previous mixed crypto fund and getting it converted over to an ETF. But when I talk to Matt Hogan from Bitwise or Matt Siegel from VanEck, they always say the obvious, which is that blended funds, index funds, that's the way people invest in traditional markets.

That's eventually how they're gonna invest in crypto. They're gonna want exposure in one vehicle to, you know, the top 10 coins or top 10 meta verse coins or top 10 RWA for coins. And this is the start of that. This is the first sort of example we're getting that the SEC is going to be open to this. Yeah. And you know, when I was on my panel, I think that was last week or the week before, permissionless with James from Bloomberg, you know, he made the point that ETFs are born for multiple products.

So I think like this time a year from now, we're going to look back romantically on this time when there are only three or four SKUs to talk about, and there's going to be a huge diversity. What that does to the market, we'll see. But I agree that for a new investor, you know, one of these top five funds from Grayscale makes perfect sense, you know, just in one click, allocate. Yeah, I don't have the story pulled up. But I read yesterday that the SEC is considering creating a very simple and transparent path to approval for effectively all of these and for all coin ETFs. Basically knock out rule one, two, three, and four, and you're approved, right? So if that happens, which I think it will,

because this SEC is obviously pro crypto and deregulating, you're just gonna get approvals of hundreds of these things. Yeah, we'll have the Scott coin ETF next year. Thank God, never. You'll be able to get that in your rollover IRA and the rest is history. Only if Scottcoin is somehow a Bitcoin treasury company, buddy. Oh yeah, well, that's another funny thing. The treasury company phenomenon that's also happening in Solana with Sol Strategies and

DFTB, really interesting. And then the kind of wrapping of some of these equity companies into tokenized stocks. So you start with Solana, you wrap it in an equity company, and then you wrap that in a tokenized equity on Kraken. And I'm not quite sure what you're buying, but it's interesting. Yeah, what's going to be interesting is when you're offered tokenized stocks by every exchange and then the ones that are public are going to have their tokenized stocks trading on competitive exchanges.

Yeah, like you get Robinhood, somebody wraps it up, securitize whoever they work with and then you buy Coinbase, right? You have to think the regulators are going to get involved. I mean, I don't know, how do things like voting rights transfer to tokenized shares, do they? I have no idea. So you have to imagine that there could be a scenario there where voting rights go to the exchange

or the platform that tokenized the stock and sold it to you, and that can get really ugly. Yeah, so I guess I can't show up to the Home Depot meeting with my Trezor wallet and say, you know, I can't show up to the Home Depot meeting with my my treasure wallet and say you know I've got five votes. You might get invited to the Trump meme coin dinner though if you. So you and I actually you mentioned your panel at permissionless with James Safer, which was great.

So I was sitting there I interviewed Eric Adams, I got off stage and that's when I literally met you. So here we are you know a week or a week or two later, which is awesome. I've had James on the show countless times. You're doing a lot of interesting things. So it's Marinade obviously is building on Solana and it's DeFi on Solana. Maybe not the exact place you would have thought

you'd be in 10 years if you looked back in 2015. You were a TradFi guy through and through, right? Yeah, I was part of the very early team of Fidelity. So I started my journey in 2014. It was such a weird and fun time at Fidelity. Privately held company with a CEO and a president, Abby Johnson, who had a lot of vision about Bitcoin. And to her credit, brought a lot of people into the space.

I was part of an early team there, along with Matt Walsh, who's now at Castle Island, Nick Carter and others. And our mandate was really to explore the impact of Bitcoin on financial services. That this was before ETH, this was before Solana, this was before anything else. And so we did a number of fun experiments,

enabled Bitcoin payments in the Fidelity cafeteria because before Bitcoin became the darling of digital gold, it was thought to be a payment mechanism. Remember that? Remember, you read the white paper and it doesn't seem like it was meant for a Bitcoin treasury companies in BlackRock. No, I don't think Satoshi was wearing

his TradFi Patagonia vest with a little Bitcoin logo on it. By the way, that's James Safer. We had the joke, but it's ironic that you did the interview with him because he would always show up on my show in his vest. It is best. And we would put the meme, me and Balchunas would put the meme of the TradFi guy in the vest up

and it was him. I should have shown up with a vest, damn it. Should have, or bullied him into it, yeah. But yeah, shown up with a vest, damn it. Or bullied him into it. Yeah. But yeah, so we did. And then one of the interesting early experiments we did that's public is Fidelity has a huge donor-advised fund business. We had some large Bitcoin holders ask if they could donate Bitcoin to their donor-advised fund. So we actually enabled that, I think back in 2016, in a partnership with Coinbase. And that's led to now hundreds of millions of dollars of donations of Bitcoin,

which led to Fidelity Digital Asset Services. But yeah, I started my career there, popped out after Fidelity to the DeFi world where I was a block, popped back into TradFi at Bank of New York Mellon where I helped build the digital asset custody business that kind of got killed by Saab 121. Didn't want to stick around for that and decided for my next I really wanted to dive back into DeFi and kind of met the marinate team kind of like we met

serendipitously fell in love with the challenge and really the challenge is to bring the best Solana staking solution to institutions. So Marinade Finance has been around for four plus years, was the first liquid staking token with EMSOL, has grown to about two billion US TVL, so around 11 million Solana, and about 18 months ago made the pivot to institutions. Got our SOC 2, have a regulatory framework, are now integrated with Zodiac, Copper, and BitGo. What's unique about us, and you talk about centralization in the ETFs, is we actually don't run any validators ourselves.

So Marinade is not a validator provider, rather we connect validators to stakers through a variety of different mechanisms. That's really interesting. So was this born of a deep belief in Solana specifically as an asset or a deep belief that institutions would want the ability to stake Solana and therefore you would provide that or work with them to provide that? I guess the beginning, you know, when the company started four years ago, Solana is

only five years old. So it was very early in the evolution of Solana. So the notion of institutional investors were not there. It was really born out of helping ensure that Solana stayed decentralized. So when you spin up a network and L1, your first challenge is how to get validators. And if you're a validator, you need to get stake. Well, how do you get stake in order to scale up your validator? The Solana Foundation

does do a program where it provides matching stake to help validators spin up. But in our case, we are a place where any validator can come through a command line interface and bid to receive stake. So that helps with decentralization. So the first mission of the company was to help with decentralization

while giving the end investor the highest possible reward they could get. That has now evolved into supporting institutional investors to get the same thing, but we're also very concerned with centralization. If you look at the Bitcoin ETFs, 6% of Bitcoin is tied up in ETFs and ostensibly, maybe 5.3% is tied up with one custodian. If that happens with a proof of stake network where there's only institutional grade validators who can provide services,

that can become an existential issue for the blockchain. So that's what we're laser focused on. That's really interesting that you were at Bank of New York M Mellon, working on crypto custody and were killed by Saab 121. But ironically, the existence of Saab 21 is what allowed Coinbase effectively to end up as the custodian for every ETF because Saab 21 said banks couldn't do it. And now the banks are chopping at the bit to get back in it and Coinbase got this massive

lead. And you can't under count how massive a lead it is when you stand up a custodian operation. Even if you're banking New York Mellon, no one is going to stake a significant amount of assets with you for day one of your operation, they're going to need to see 12 to 18 to 24 months of evidence and you know, it just takes time. So yeah, kudos to Coinbase. I mean, you know, depends on your time. Say kudos to Coinbase.

I mean, you know, depends on your point of view, kudos or it's a shame, but they definitely have a lot of legs up in this cycle. Yeah, I think you and I briefly talked about, but I know it was sort of in the notes, the genius act, right? I think everybody touting this as this great American accomplishment.

We're finally gonna get stable coins regulated. You have some fears. Is that accurate to say? Yeah, no, that's very accurate. And I'm trying to find some time to write them down because it used to be, it felt like, you know, it was TradFi versus DeFi. Now I kind of feel like there's this other slot,

and I don't know what to call it, but it's Circle, it's Coinbase, in some ways it's Robinhood. It's these ostensibly DeFi companies that are behaving like TradFi companies. And I think that's reflected in the Genius Act. It's reflected in Coinbase's announcement that, oh, you can, you know, Shopify accepts USDC. Oh, by the way, only on base, you know, so that you're seeing these, these what you would think are crypto companies, behaving like TradFi companies and building up monopolies and most, maybe I'm a naive guy, probably to think that this wouldn't happen. It's what happens with pretty much every technology. It's just maybe a little surprising, especially in the example of CoinBitters where they try to speak this very crypto native language, but there's example after example of these motes coming up.

So having been at Fidelity in the early days, Bank of New York, Mellon, all of these massive institutions that were admittedly early to crypto, but now we're getting the ones who are skeptical and maybe aren't our friends coming in. Do you think that there could be other unintended consequences of the Genius Act specifically,

but market structure more specifically, I think, because I think that's gonna be a much, there's gonna be a lot more landmines in that, I would imagine, but where actually sort of crypto incumbents and decentralized platforms get pushed out. Like maybe this all just ended up turning us into Wall Street.

Yeah, I think there's a potential for huge unintended consequences. So we go back to what we talked about with the Satoshi white paper, that is the true spirit of decentralization, like a completely anonymous, whoever it is, creating this new technology with incredible energy. So as the attention, the money, and this is part of

Circle's IPO as well, that IPO, you know, they could have launched a token, right, but they went the IPO. So that capital energy is sucked up into the traditional markets. You have to wonder at some point how decentralized technologies continue to grow, how it's gonna flow down to the protocol level and how protocols are gonna be supported and what innovations we're going to miss. So that's what I worry about a little.

That's why I'm happy to be working in Solana and a DeFi protocol that's trying to bridge those things. But the signals are definitely complicated right now. I think blocking tether from the US market, I understand it from a compliance standpoint, I understand it from a real I understand it, you know, is is going to have some interesting consequences. I'm wondering if Tether will be blocked

or how they'll be blocked with their interests, obviously from Lutnick and Cantor and Gerald. It seems like, you know, I spoke to Palo and he kind of dismissed it as, if we have to just launch a US stablecoin and launch a US stablecoin, but it doesn't seem that easy. Yeah, and again, even the idea of doing that is already a distraction to, you know,

you're already adding a layer of complexity onto something that that you maybe don't need to So, you know none of these I don't pretend that these issues are simple, you know crypto clearly needs some kind of regulatory framework But it feels like right now we're both from a regulatory and a business standpoint People are starting to view these technologies like as another swift that they can just build businesses around. Yeah, I think the other unintended consequence has been that the money has just left the crypto ecosystems. Well, yeah, I'm not saying necessarily from the development side, but certainly from the speculative side and from the investment side.

In my humble opinion, Bitcoin treasury companies, Circle stock, Coinbase stock, Hood stock have stolen all the money that we would have seen this cycle in all points. Yeah, absolutely agree. I was amazed to see, I mean, kudos to Circle for having such great performance out of the gate. Circle didn't experience, I mean, Coinbase didn't experience that originally.

But they got the lose some circle. Yeah. Yeah, exactly. And they're intertwined as well, which is really interesting. So yeah, all that money that went to Circle in traditional markets, that's a lot of capital. Yeah. So talk to me then about your take on Bitcoin treasury companies, which is by far my favorite topic these days, because every day I have a conversation where someone says, Scott, launch a Bitcoin treasury company, you'll make so much money. And I say, but shouldn't people just buy Bitcoin? Like why would they want to buy stock in my Bitcoin treasury company at 4X or 5X NAV if I'm just buying Bitcoin, which they could do themselves.

I think that this is the ICO season of 2025 and it's in Bitcoin treasury companies, but maybe I'm just too skeptical. I have friends who are so bullish on it. I would expand the ICO thing to not just Bitcoin treasury companies, but some Solana treasury companies, ETH. I mean, who knows, maybe there'll be a Farcoin treasury company in our in our horizon. Reverse merger with pets.com. Yeah, exactly. I combine it. That would be good. I think I would buy that

actually. I'd be too. That's the sad thing. Yeah, still. I'm still here for the jokes. Yeah. A Beyond Sailors experiment, you know, is I don't understand the need for certainly dozens of Bitcoin treasury companies, like, you know, isn't one enough or two. I also don't quite understand the argument of why it's, you know, why it's more beneficial or needed in an ETF environment. And it does seem like at some point that everything will just kind of collapse on itself. What is the reason or logic and what is the market size for these type of treasury entities? Yeah, I don't really get it either. I guess I fundamentally get it. Every one of them in their pitch says, you know, Bitcoin is the hurdle rate or is the benchmark

and we have to beat Bitcoin per share. We're gonna offer a suite of financial services. But right now those are promises and right now they're just buying Bitcoin. I mean, even Sailor is still just buying Bitcoin until he feels like he has enough critical mass to offer the financial services that have been promised. So at the end of the day, you have to just imagine that they're counting on there still

being demand for these notes and the debt. But how much demand can there possibly be for this debt, especially when you have sale are doing it billions at a time on a seemingly weekly basis. So that gets back to the price. I mean, are you surprised that the price has not been, you would think it would have been squeezed up by these treasuries? Who do you think is selling? This is my second new favorite topic of the past few days privately.

Who do you think is selling? I mean, there's been some evidence that long-term holders, original Bitcoin whales. I think people underestimate. I actually said to tweet yesterday, I said, believe it or not, for some people, there really is too much Bitcoin, you know, we're supposed to say you can never have enough Bitcoin. But like, if you bought Bitcoin at $5, and you've got 10s of 1000s of them, there's too much Bitcoin,

you're literally gonna just sell it and go do other things with your life. Yeah, move on. And I think that, I mean, it has to be what's happening, or there's some mechanism behind the hood with options trading or something that we haven't yet seen where, you know, that maybe all of this demand, not the Treasury Company demand, but ETF demand can be tied to shorts of the futures or something. And it's just a carry trade. But that doesn't explain Bitcoin treasury companies buying billions of dollars a week. Yeah, it just, my thought would have been,

it would have been squeezed a lot earlier than it has or, and I don't know how much of it is the psychological part of the price, like, you know, the 100,000 thing, maybe that causes people who were those $5 to finally exit. Dude, I never thought this thing would get to 100 grand. I'm going to buy a yacht like, I remember when I first got into this space, I think it was a two to 300. We were like, 1000. Will it get to 1000? Well,

10,000 guys, that seemed insane. In 2010, guys, all the ones I talked to, like, kind of cover 10,000 seemed insane. In 2010 guys, all the ones I talked to, like kind of cover their head and admit that they sold it a thousand. Yeah, yeah, because it, and this is where the absurdity of being human comes into it. It's just a random number that we anchor ourselves to,

like a hundred thousand, you know, so what? But that's why I think the 160 mark, I think that's I don't think we're psychologically ready for the 200 yet. To me, the next big number is the million number to me, the million number is what 1000 was when it was 200. It is it seems literally, yeah, that I wonder what the world has to look like for Bitcoin to squeeze up to a million in any

shorter timeframe. I'm not talking about next year, but even by like 2030, you know, if you're at a million bucks, where's the dollar? Yeah, where's the euro? I even want to think about that kind of world. Although what Bitcoiners would say is, well, there's only 21 million and there's only, you know, with lost Bitcoin, there's only really 17 or 18 million. And so how many, how many people want to have one Bitcoin? 17 million people.

So let's talk about Solana staking institutionally. So you're the perfect person to ask about the rec, was it Rex Osprey, the Solana staking ETF, I kind of flippantly mentioned before. A lot of people think that that's literally just a salami ETF getting approved and that you can stake the salami. It's just a part of a broader ETF. But still, did Marinade participate in that? How does that change business for you? How many people are looking at these?

Are you lobbying regulators? What do you have to do to make the products you're trying to offer exist? So the other nuance with rec shares and kudos to them is they didn't go through the 19 B process. So it's, and I don't know, I'm curious what James would say about this. I wish I could maybe let's get them on the line. Yeah, it's it's like an ETF, but not an ETF. You know, from a it doesn't have the same regulatory scrutiny from the SEC, it doesn't go through the same security and

compliance. So, you know, for for all intents and purposes, the eat salami eat staking ETF has not been approved yet, as we think about it, in terms of how we're involved, we're involved with in conversations with all of the big providers, we are we do we did publicly launch and were the first application for the Canary Marinade Solana ETF. So that's through Canary. They're going to use our select validator program.

And what that is, is we've taken 30 of the best Solana validators from a performance standpoint and wrapped them into one tool. So when a person buys a Canary ETF, that salona will then get staked to 30 of the highest performing validators in the salona ecosystem. One of the other unique things we do is we do something called protected stake rewards, which means if one of those validators ever goes down, they provide some salona to top up. So we extensively have 100% off time. So that's what

we're launching with Canarium, our conversations with many of the other providers as well. I'm heading down to DC after I come back from Prague a couple of weeks from now. Let's just say it's a very hot time in the ETF cycle, particularly when it comes to staking ETFs. And we expect to see some movement soon, which is very exciting. If you ever thought of ways to mix the names canary and marinade, she could be marinara, maybe marinara, I guess I was gonna say you get to marinara as a company, marinara. We have not but it sounds like we should definitely invite you

to our next meeting. Full of ideas. You're full of full. I mean, I'm full of ideas. You're full of good ideas, I'd say. Like I said, people want me to start a Bitcoin treasury company, but maybe I should just name them. Yeah. Well, what would you name it? Would it be a wolf of all streets treasury? I don't know, man. I can't do it. So listen, I'm more than happy, and I will be, and have taken on small advisor roles I'm talking than happy and I will be and have taken on like small advisor

roles I'm talking about, but like to participate in getting balance sheet companies to add Bitcoin to their balance sheets, like simply like, oh, you've got 10 million bucks in your balance sheet, buy a million dollars worth of Bitcoin. Cool. That's not telling them to like engineer. So that's the thing. I think we're having that problem again, where we have one catch all term for something that's not all the same.

I think now we have to have balance sheet companies and treasury companies. Treasury companies is financial engineering, your stock and debt to buy Bitcoin. A balance sheet is just like you and me who are like, yeah, I wanna own some Bitcoin and sell cash. That's cool. That's a totally different premise and scalable

and love that premise and own some Bitcoin, own some Solana, mix up your treasury. But yeah, you're absolutely right. It's completely different from these vehicles. And I also wonder, so if you have someone come to you and say, I want to get access to Bitcoin, you'll just say, buy Bitcoin. But then they say, well, I only have money

in my rollover IRA. Then you say what, buy DTS, right? And that's this. Yeah, that's been my answer to everyone. I literally was having this conversation at like 4.45 in the morning with some of my friends via text, because we're early risers. And he was one of the ones saying,

yeah, you should just do the treasury company. Like, why not? And I said, because I just tell people to buy Bitcoin. My literal response, I mean, you can see it in my tasks. Yeah, I said that exact thing this morning. And then same with Solana. So the great thing about Solana, proof of stake network, inflation rate right now in terms of rewards is around 8%.

So this is why it's existential that staking be included in the ETFs. But the theory, you kind of get away with, OK, I'll leave 2% or 3% on the table, but at least I can hold ETF, but people cannot and should not leave something like 8% that they can get with marinade on the table. So that's why we're working really hard to bring these staking products to the market.

Yeah, really cool. When do we get blended Treasury companies if people love indexes, isn't that actually a really strong idea? Like, why don't you Hadley, start a Bitcoin Solana treasury company? Hadley froze for me. I don't know if he's frozen for you guys. I think we lost Hadley. No, can you guys see Hadley? I can't see Hadley. No, can you guys see Hadley? I can't see Hadley.

He's frozen. Bring him off and if he unfreezes, we will go ahead. Maybe it's me that's frozen. I don't know. Am I frozen? Am I frozen? I'm not frozen. Hadley's frozen.

Hadley's still frozen. Yeah, we lost him. Too bad. That sucks. I wanted to finish up that we lost him. Too bad. That sucks. I wanted to finish up that conversation with him. Interesting that obviously he's doing all of this building on Solana. And we have this amazing sponsor here, which is Aptos, you guys know about. And

my good friend Avery actually was also at permission list, the CEO of Aptos. He went on right after James and Hadley at permission. It was me. It was me and Eric Adams, then someone else stablecoin something rather than Hadley and James, then Avery and the guy from Jump Crypto. Obviously, they were announcing Shelby, which we've talked about, decentralized storage.

But on the Aptos, congrats to Avery. Honored to join the CFTC Digital Asset Market Subcommittee alongside leaders from BlackRock, Goldman Sachs, Citadel and more. Not bad company to be in, but now Aptos officially represented by Avery Ching on the CFTC Digital Asset Market Subcommittee. Really huge to me that we're seeing

not only him specifically, but representatives of our industry actually impacting how policy is made and what we will see in the future from all of these companies. I think it's huge for our industry. And of course also that they have real world assets, real adoption, real world Aptos,

540 million in RWA already live on Aptos, BlackRock, Pact Consortium, Ondo Finance and beyond. They're absolutely killing it, as you guys know. Let's check that out. How are you back? Yeah, I'm sorry. I needed to wrap a bunch of Bitcoin and Solon and Ethereum treasury companies

and tokenize them on Kraken to make them available to retail investors. So I- And then too much bandwidth. Too much bandwidth. You were frozen in a great pose. And the thing is, I don't know, like if you freeze, I'm like, shit, am I frozen?

And talking to like, I have no idea. So I know it's time to go, but I did what I saw you pop back on. I wanted to bring you back on so we could at least say, yeah, apologize for the last minute hiccup. Awesome to talk to you today. And thanks for the energy and conversation. All right guys, check out Marinade

and give Hadley a follow. His information is right down below in the description. Thanks man, hope we can do this again soon. Have a good one, thank you, bye. Chris, are you frozen? No, I'm not frozen. You don't look frozen. How's it going all man? How are you, man?

So let's go. What's going on? We got a couple, a couple charts here today. We got Bitcoin. Let's take a look. I haven't honestly, man, you know, it's summer or something's going on. I don't even wake up and like check prices anymore. I'm not really like too actively trading because all coins have been such garbage.

Right. And like, I just kind of buy Bitcoin, right? So it's like, I don't even check. Let's look. Yeah, well, I think one of the five, that's good. That's good. Yeah. Things are really, I think, starting to look really, really interesting. Finally now, you know, alts have been going down, seems like forever. And then they're doing this sideways thing right now,

which I think is just about to end. I think they're about to really kind of start moving here. As you can see here on Bitcoin, everything we talked about again, you know, this was the third, this low here back on June 22nd, was that third low where everybody's like, oh, the top is in, you know, over the last year. And then it just, what, it took back off again, right? So I was originally talking about this idea that we run up into this descending resistance, we pull back then we break out. As we got up here, I said, Okay, we've got a range going here.

Looks like we've got a flat going. And then we're going to pull back here and basically hit, you know, right in the area where I said it was going to hit here. We've come up, I think we're, you know know on our way out here and if so The pretty cool thing about this is this would be a one with a flat as a two here that gives us a minimum expected wave 3 target up here at about a hundred and twenty two eight eighty seven five waves up around a hundred twenty seven four seventy nine

So, you know this you know, it might bear paying some attention to here Um as we get that breakout above there now in order to confirm that we do need the breakout, you know again This would be a b and c and it's always above wave b which happens to be here at 108 79 50 but if we can get that breakout the odds are you know, we're headed up here. This looks Like a really great range here I like the the volume profile with the price action within this range So again looks like we got a spring here nice bullish engulfing candle on the daily take it up after So if you didn't buy the spring

You know, you should have been buying the This bullish engulfing candle here if you had you should have been buying this pullback to the new monthly pivot. If you hadn't, buy the breakout here again above $108,795.50. I'm buying it at $88. It's going. Come on, let's go. You're looking forward to pull back to $88? I've not. I've just had bids there for like months now, you know, since then. And I'm just kind of hoping they'll fill. Well, I mean, you know, I've been saying this for a real long now, you know, since then, and I'm just kind of hoping they'll fill.

Well, I mean, you know, I've been saying this for a real long time, you know, dips are for buying, you know, you should be looking to deploy capital when those pullbacks come, not necessarily at the breakouts, you know, how do you, you know, maximize your returns? Try to get an understanding of what's going on with the markets, how they actually move,

not a lot of the nonsense that you See all over online a lot of the you know tired Things that people say, you know, oh everybody says this. Yeah. Well almost everybody loses money in the market So if you're doing the same thing that you say that everybody's doing and everybody's generally losing money, maybe you should do something else, right? But man, oh man, so, you know, that's looking good there um we have uh let me see here i've got let me find it i'm gonna share this tab here i've got three uh three alts here three really good looking alts um and so the first one here is h bar and so uh h bar's got this nice first one here is H bar. And so H bars got this nice what you know, it's it's five waves up. It's three waves pullback. It

was deep. But that gives us a double bottom here. Is that stoke or RSI on the bottom? Because it looks like you got bullish divergence too. Yeah. So this is RSI here on top. And this is stochastic RSI on the bottom there. Yeah, let me see why I was not pulling up. There we go. Weakly bullish divergence, not bad. Yeah, this setup looks absolutely amazing.

Like I said, it's pretty clear five waves up, looks like a pretty clear three down. We need a breakout above 0.18401, and that should confirm this. This gives us three waves up at 34 cents and then five waves up here, a minimum expected at 42 cents. But you know, again, based on the height of this pullback, we should be going, you know, quite a bit higher than this high up here, generally speaking.

So we get kind of our five waves up here. We'll probably get a three wave pullback down here toward the pivot. So a classic thing, you know, if you aren't into Elliott waves and whatnot, something I teach just about everybody, throw your traditional pivots on here. If you can get a rally up from like, like right here, it's above the S1 pivot. So usually it's going to give you five waves up to the R1. And then it'll be a 50% pullback to the pivot. And so usually you look for a rally into the R1 Yep, see right there rally into the r1 a pull back to the pivot and then you look for it to take off again So a lot of opportunity here with h-bar

Locally and what you're gonna see I've just got three charts here, but what people see if they're looking at all So you're gonna see a lot of this? Well, not quite so much of this one, but basically You'll look for a down and up and down. So you're gonna have like, like what we were looking at on Bitcoin there, a flat correction. This one wave two may be complete here instead of a flat correction.

So we're just looking for that breakout above 0.15413. If we can get that, we're good to go higher. We got a nice, you know throw under here This is what a throw wonder should look like if you've got a wedge or a channel It should be just this quick move down and then a strong move right back up and that'll give you a throw wonder they usually indicates the The bottom of the the pullback and so again looking for that break out there. So H bar looks good

This is what I stopped out here on the most of these alts You're gonna have a one and it looks like three down three up and then you know five back down And so that five back down should come near that wave a that pull back low and we did it here So we may be complete with this Breakout above wave be here at four point two three nine will get us going so locally That gives us four point nine three two and then five point two three one is our targets But again bigger picture here Um is this idea that this is a one and again this larger flat here two done here

And uh, so, you know wave three minimum expected target here up around 695 Five waves up minimum up at eight dollars and fourteen cents, which gets us right to the yearly pivot I love that I love five waves up to the yearly pivot three wave pullback and then you get your wave three big breakout bigger even bigger macro picture here Wave three big breakout bigger even bigger macro picture here If we zoom out on Adam here is we do appear to have one two three four and five up for a one three down for a two So ultimately it looks like Adam overall whether you know

It's this cycle or the next or whatever is gonna just continue up Overall and continue to break out higher there Which means if you're buying down around this area with the intent to hold on for a while, it might actually be a pretty good, pretty good idea because you're pretty close to this pullback low here. And support so many coins bouncing off that support. They all look like potential double bottoms. It's so funny how they Yeah, I mean, exactly. so, you know on the the daily most of them look like that that flat correction And then for the when you jump out to the weekly a lot of them look like this double bottom and going up and again Same idea here with the LDO that we just had with that I was just talking about on Adam which is this five waves up into the yearly pivot area around $2.30, based off this low here, right?

And so even as a double bottom, you know, you'd look for a breakout there above that swing high and you're looking for 200% as the target area. Same thing basically as this five waves up we're looking at around 223, 230, that area, I think you know you got a good chance. You probably go long here Just ride it up to that pivot exit around that pivot You'll get a pullback down here probably around dollar 25 or something like that Maybe a dollar 20 and then you'd want to be long again looking for the big breakout Once again, we jump in here to LDO here And so we've got our five up our three down for that big breakout. Once again, we jump in here to LDO here. And so we've got our five up, our three down for that big double bottom.

Now this one, let me kind of zoom in a little bit more here. This one not quite a flat here. This one has a one, two, three, four, and a five. But AB and it looks like C may be done at 50%. We were looking for a potential pullback to this weekly pivot this s1 pivot But in this case, you know again on all of these your what your b-wave this one's point seven six if we're breaking out above that

That says that the low is in wave two is in there at 50% pullback and wave three minimum expected target about a dollar Wave five up there about a dollar nine So I mean you're gonna see this pretty similar look across quite a bit of your alt right now. And it should make you happy. It should, you know, everybody's been complaining. But I think the thing is, everybody's pretty bad. It's been pretty bad. Yeah, fair. It's been pretty bad. So a lot of people are not going to buy, they're going to miss out, it's going to go up higher,

then they're going to complain about how they missed out on it. And they'll buy the top. Yeah, yeah, you know, repeat, same thing every time, right? Not a hard process to follow. But I do, it looks really constructive. You know, we had a couple of really great trades recently, we had a, I've trained in AI on the way that I view markets and the way that I understand markets. And then it uses that knowledge with catalysts. And most mornings we'll get a three plus three. So three stock picks and three crypto picks that it does for us that I post in our in our academy. And like so we had HFT the other day two days ago and that thing popped for 100 percent. We had Juniper which was a stock which also popped pretty well. I think it was

that same day and we're getting these in and out of here throughout there and so there's a lot of opportunity I think showing up in the markets both in stocks and in crypto, in spite of everybody saying, you know, the top was in on both of them. And, you know, price just continue to climb that wall of worry, right? All the way up to new all-time highs. So it feels good. You know, the markets are good. It's nice to be bullish when you're in a bull market. Yeah. All right, man. Well, awesome. So guys, you can go check out, obviously, everything Chris has built, follow him on CX West Capitol, go check out the Academy. Where can everybody do that? They can do that at members.texaswestcapitol.com.

That's easy enough to remember. Yeah, yeah, we're pretty easy there. And yeah, we do live trading three times a week. And just so much to us, you know, hundreds of hours of educational content, just everything in there for however you want to do it. Got people from all over the world, which is great because they're making money overnight and then telling me in the morning, I'm like, dude, seriously? But a lot of fun, a lot of fun. Amazing, man.

Well, thank you very much. I'm going to stay on for a second and let you go. Appreciate it. Appreciate you, Chris. Have a good one. You too. All right, guys, it's funny, you know, I always have guests on

and they talk about how things are building and I'm the worst at promoting anything and I never promote anything that I'm doing. So I wanted to just like take a moment. So I got like a bunch of things here that you should all be participating in that I rarely tell you about. Of course, first, these are all in the description.

I have a daily newsletter. Do you the description. I have a daily newsletter. Do you guys know that I have a daily newsletter? Free, I have written 1,130 newsletters already that I wake up at the butt ass crack of dawn to write and present to you guys. There's the arch public guys, you know them right there. Today, I talked about abolishing trading hours and the bell that closes and going to 247, 365 trading every day, every hour. I give my market analysis. I share my charts. I tell you

what's going on literally in all markets, some educational content, a whole lot of news, whatever, whatever, whatever. If you guys are not subscribed, maybe join my newsletter. And something I've pretty much never told you guys about is that I have another newsletter that actually has in like five or six weeks already way more subscribers than this newsletter, which is weekly it's the crypto advisor. I built this, uh, with a couple of institutional friends to educate RIAs and registered investment advisors and institutions on the basics of crypto to keep them updated really with the premise that they're going to lose all of the boomer money when the boomer's kid comes

in and said, I don't want my dad's crappy financial advisor who's telling me to buy 6040 when I just want to buy Bitcoin. So trying to help them be able to speak with an educated perspective on the crypto market. This is completely free. It's another newsletter you can literally sign up for. It's called the crypto advisor. We have 80,000 something subscribers already in just over a month to show you how much this is needed.

But you guys can join too. It doesn't have to be just for advisors. There's nothing here. It's free. You know, Des has new letter sets my day every day. There you go. See, Benjamin says they're in the inbox. So yeah, I got another one. And something really excited that I haven't talked to you guys about literally at all. I have a telegram group. I started a telegram group and everybody thinks it's a scam. So like I tweeted about this telegram group and everyone was like you there's no way Scott Melker started a telegram group. So we tried

like a whole new website if you guys remember for members and then I was considering a discord and all these things and in reality like I am like almost 50 years old. And I don't have time for any of that shit. But I really want the opportunity to get you guys into one place to actually be able to talk to you and communicate. And I'm literally in there talking to people who are commenting and we have channels for Bitcoin, all coins, Ethereum, TradFi markets, and then myself and my team who are like, fuck, these guys are amazing and they never share anything with you guys,

they're in there just sharing news and sharing their charts and all these things, these people we've never seen. So people think it's a scam because obviously under every like tweet you get something that says like, there is usually a scam, telling someone to join some group or click something. And the other part that's confused people is that when we did the research on launching a telegram group, it was like what you're

going to end up with is like 1000s of bots in there and scammers. So you either have to charge money, or you have to gate it in some way. And we chose to gate it with a exchange like now I'm working with Blofin on that, B-L-O-F-I-N. Just to be clear, they're globally available to everyone. That's why we chose them, but it's completely free. It takes one minute to sign up there and you don't have to do anything there. I don't even know if you have to use your real name. I have no idea. But it was just to make sure that we don't get bots, that people have to do something. It's basically like a capture code. So you don't need to fund, you don't need to trade. If you choose to, they've got great incentives sure that we don't get bots that people have to do something It's basically like a capture code

So you don't need to fund you don't need to trade if you choose to they've got great incentives But you don't need to fund you don't need to trade and that gets you in the group and it's literally awesome Like you can sit there and hang out all day and talk to me about whatever you want So it's in the description down there. It's t.me slash wolf of all streets underscore bot It'll walk you through the process and then you join I think two groups when you do it and then the final one I've told you about we ran out last time literally like we sold out last time I shared it here of bitcoin bourbon it's defyspirits.com but now we've got a new distributor to make sure that uh there's always spirits available for you the vodka is incredible too but the bourbon already has won the biggest award in the United States. It's not like we just like bottled it up. The bottle took years to create, as I told

you, and now I'm a part of this business very, very proudly. And the shit is just awesome. And the bottle is sick. So you should have some Bitcoin bourbon on your shelf. That's the last that I got there. You see? Really easy. So I just did it. I went against my own like comfort zone. I exited my comfort zone and actually decided to share with you guys the things that I'm doing. Pretty good. Pretty good. And that's all I got for you today. We will be back obviously tomorrow with Iago and God knows who else. I don't even look at my schedule anymore. And of course, the Friday five on Friday. And that is all we have today. Have a wonderful day.

Sign up for all the things. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go.