The Wolf Of All Streets - Bitcoin To $200K? The White House's Rocket Ship Moment

Episode Date: May 1, 2026

The White House says crypto will "take off like a rocket ship" once the CLARITY Act passes — but will it actually happen? Senate Banking Chair Tim Scott says they're "in the red zone" with a May markup locked in, while Polymarket odds have slipped to 46% and one Republican senator is threatening to kill the bill over Trump's crypto ties. Meanwhile, Morgan Stanley just outlined five reasons they're bullish on crypto and launched their own Bitcoin ETF, stablecoin card spending has surged 500% to $600 million a month with Visa capturing 90% of transactions, and Meta is now paying creators in USDC. But oil is the wildcard — Brent spiked to $126 a barrel this week as Trump faces a War Powers deadline on Iran, and rising energy costs are keeping inflation hot and the Fed locked in place. We break down what all of this means for Bitcoin and crypto live. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Don't miss what the movie blog calls something you need to watch. Saving those children is how we all go home. From binge all episodes exclusively on Paramount Plus. Bitcoin's going to $200,000, says Kevin O'Leary randomly in an article that we pulled. But that's on the back of the Clarity Act being a rocket ship moment for the crypto industry and price. There's so much, so much to wax poetic about today. And we're going to do it. We're just going to have a therapy session here today.

We're going to break it all down together if we don't. just break down together. That's all we got. Let's go. We're on a rocket ship to the moon. Artemis. Hey guys, I'm going to be honest with you. I showed up today and for the first time in a very long time, which is a good sentiment, I was like, don't care, you know,

reading through all the news and I was like rocket chips and 200,000 and we have to do titles and, you know, all the things. And I was like, wow, I got two solo shows today. and the news is not giving me much, right? And I'm going to be honest. So I started to do a deep dive on like, what's happening? Because, you know, Bitcoin's 78K, it's doing fine. It's up slightly whatever.

We've got more news than ever. We've been breaking it down all week. Now, a lot of that news is bad, obviously, because defy is fundamentally broken. And like you now actually have to be a functionally retarded monkey to put your money in there. Can I say that? I don't know if that was like bad to say retarded,

but we can say that now or if I felt like I was disparaging towards monkeys. So I looked and I found this, which is just, it's astounding. Do you guys are going to, listen, we're going to have fun today. That's not the right screen.

I do this one on this day. We're going to have fun today because I'm coming in unhinged with just like, I opened like 17 tabs and I don't know what they are and we're just going to riff. Like I said, therapy. You guys can comment on stuff. We can talk about it over there. It's going to be one of those.

days. The most snoozed, i.e. muted topic since launching the snooze feature. Number one, crypto. Number two, politics. Number three, Iran conflict. I mean, I guess this shouldn't surprise us because anecdotally, we all know that crypto Twitter is slowly dying. We thought it was the algorithm killing us. But the reality is, like, the people just don't care. We can see that in numbers all over the place, right? I mean, retails have been selling their Bitcoin. There is no all-coin market. In the meantime, of course, institutions have been buying. So I do believe that certainly for Bitcoin, this is a buying opportunity. But you don't have to look far to see evidence that most people in crypto have washed out. They're probably frustrated. You look at like a 10-10. Imagine a million

traders on October 10th basically got completely liquidated. I think we start saying liquidified, but liquidated. Dated sounds like they had something good like they found a girl. They got liquefied on 1010. And that was like all the people that actually still cared about all coins and stuff. So I'm not surprised.

Like I would find us pretty annoying if I was a person who wasn't us. And even those who are part of us clearly don't care. And then you take a look. So I asked Ben Cowan, you know, he has all these incredible charts on Into the Craven.

Cryptiverse, and he had been sharing one I'd seen, and I asked him, I was like, hey, where's the update on the YouTube views across all of YouTube on crypto? It's just an astounding chart, right? I mean, you can see like the peak, you know, 3.5 million and then just, I mean, down, down, down, down. And this looks like the World Liberty Financial chart. Maybe Trump. nobody's watching YouTube. And so I actually, last night, you know, because I have the AI, which makes me basically a master of everything, I decided I'm going to go and just take a very quick look at, you know, all of my YouTube data. We don't do much data over here.

We vibe. You know? So you can see, obviously, the steady decline. Anecdotally, like my channel was actually performing way better than most. I mean, a lot of channels are down 90, 95% in views. Mostly those are channels that were, and not, no fault to their own, but we're doing the like 100x altcoin gem. Like, that shit just doesn't exist anymore.

So obviously, like, the viewers are not going to show up for that. And once you're pegged to something in the algorithm, you're done, right? Like, if we don't put Bitcoin at the beginning of our title, half the viewers. It's crazy. Right? But you see it kind of steadily going down. And then yesterday, like, I thought Austin Campbell was like the smartest guests I've had in a long time. I think that was our worst video since the day I started

YouTubeing. And I looked and the click-through rate is exactly the same. So subscribers are watching it just as much. YouTube is serving the content when we did a deep dive to literally nobody. So there was a time when, you know, if the algorithm, something would catch and a certain percentage of reviewers would watch it and then it would catch fire and they would serve it to people. YouTube has realized the same thing that we saw there on X, which is that people just get mad if you feed them at crypto content. And I'm not blaming anybody. Like, I don't care.

Like, you guys show up. It's great. You know? But I was like, wow, that's a big, big dip in numbers. What's going on? And the fact is, if you're only kind of in your little echo chamber and they're not going to serve it beyond, you're not going to get views. So people are less interested.

And there's no new people to be brought in because they're not seeing the content. interesting. I think at the bottom signal personally. So it's not like I think crypto YouTube is dead forever. I think that would be kind of a nonsensical take on it, to be quite honest. So hold on, you know, we stick in here. We talk, but yeah, nobody's watching it. It's just not happening, you know? And if you can't break out of your subscribers, it is what it is. So a couple of interesting things here. I talked about this on my show yesterday, but I realized that I made a meme on chat, GBT that I hadn't seen because I did the show. And, you know, so, so whatever.

And so we had this World Liberty Financial story, obviously. Trump backed World Liberty Financial races towards 62 billion token unlock with near unanimous vote. Bulls introduces vesting for 40.7 billion insider tokens. Okay, so like we talked about this yesterday, you probably saw. World Liberty Financial here did a governance vote. and in that governance vote, they basically,

one wallet held 13% of all the votes, four wallets held 40%. If you go up to 10 or 20 wallets, it was the whole vote. So they're advertising that 99.5% of the people agreed, right? But almost nobody voted,

and your options were get vesting or never vest and never get your tokens. So like yesterday, I showed the Goodfellas meme, but ChatGPT had made this for me yesterday, unprompted. I just had made me a meme about World of Financial. So good.

So good. You got Don with the bat that says vote yes. You got Eric. It's a beautiful vote. Everybody votes yes. And then somehow chat Shpiti came up with all these memes. Pepe, Doge, that face guy, Ford Ape, Pagin. Who's the blue guy?

You guys remember? So good. So good. But yeah, this basically was the government's vote for World Liberty Financial. Which I think is incredible. by the way, I should add a note, X and YouTube might be dead, but mainstream media crypto content is absolutely booming.

So the Daily Wolf, I'm not allowed to give numbers or whatever, is absolutely crushing its setting records over there. I talk about like Trump is the best, the best show ever, is doing the best numbers, it's the greatest, but absolutely crushing. So it's just social media is not pushing crypto content right now, once again, which I believe is generally a bottom signal. So as we're kind of cruising through these things, we all know that World Liberty Financial is a mess.

So we don't need to dive too deeply. I want to address one of the narratives that we had for months and months and months and months here. Thomas says I'm on a TDS rant again. No, that's just a funny meme. It's not TDS. It's just funny meme. So this is one of the narratives that we've had in crypto. So obviously we know that Jane Street was involved to some degree in Luna.

people believe that Jane Street to some degree was somehow involved in 1010. I can't speak to that. But then we got the narrative that for some reason, for some reason our Bitcoin price was entirely determined by like what Jane Street was doing at 10 o'clock in the morning. So I want to show you what just happened here with Jane Street. And we've had a lot of people come on, Dave Weisberger and John D'Agostino would be like, that's literally insane. What's wrong with you people?

I just want to you to know how dumb, like some of our narratives are in cryptic. No. Jane Street recorded record profits this year. They doled out 9.38 billion in comp, double 2024. And people in crypto deeply believe that they would risk all this to commit a crime in broad daylight to manipulate Bitcoin price. So listen, this is like they destroyed even Goldman Sachs. This is the most successful firm on Wall Street. And if they were manipulating the price of Bitcoin for some reason at 10 a.m. every single day, it was literally in broad daylight and would be a massive crime. that's how hard Bitcoin people and crypto people right now are trying to cope to find an excuse for why prices would possibly be down.

But I just wanted to dispel that that narrative is pretty nonsensical. Probably not happening. Probably not happening at all. So please dismiss that one. Now, on to our title here. Bitcoin to 200K. Watch this. I just opened it and I'm on there.

White House says crypto will take off like a rocket ship once Clarity Act passes. Is it by the rumor, sell the news? So in this article, they kind of lay out all the different potential price targets saying that, you know, some of them are thinking we could go to 200K on the Clarity Act. So first of all, this from Patrick Witt, who I've said, like I like, I'm interviewing him next week at Consensus. I think he chooses his words very carefully, and I think that he truly believes that this gets done. I personally, as far as the rocket ship, I think the industry may be, but I don't think that at this point it's a catalyst for price, because we've been talking about it for so long. Like, if the Clarity Act passes, what is that really going to do to price, in my opinion? And of course, you know that I don't

believe the Clarity Act is going to pass, but this guy does. Tim Scott, New Senate Banking Committee Chair, Tim Scott says he expects Clarity Act to reach President's desk this. I don't believe you. And I wish I had it, but I could probably put together a like montage of Tim Scott saying this will be done in a week. This will be done in a month. This will be done in the summer. This will be done in the fall. This will be done in the spring. This will be done in the summer. So what I do know about the summer is that Senate won't be working, right? If you've listened to any of the other less vested takes on what's happening with the summer, um, is that Senate won't be working. Right. If you've listened to any of the other less vested takes on what's happening with the Clarity Act. Most people are saying we basically have a 10-day window, which would now be about an eight- or seven-day window. And the rest of the people are saying maybe by May. You know, May 21st being Memorial Day, then they go out of session, then they have summer recess, then they come back and they have the fundraise and get re-elected. And Bernie Moreno, Senator, went as far as to say that if it doesn't get passed by May 21st,

it will be paused indefinitely. So not looking very good, in my opinion, for the Clarity Act. I do love the idea of a rocket ship emoji and us all going to the moon. We've seen that movie before, but I don't personally think that this will be the catalyst. I am very bullish on crypto, to be clear. I know it sounds like a lot of negativity. I tell you the numbers are down. It happens.

You know, you have a video miss here and there. It's whatever. But currently sentiment is trending down massively. while Bitcoin price is actually trending up. So I find that divide very, very interesting. I just don't think that this is going to be the thing. Now, Tillis, who is somehow from North Carolina, has found his way to the center of the Fed confirmation of Warsh.

Remember, he said that unless they dropped the probe with Powell, that he would not vote for Warsh until that probe was done. Now he's the guy, really, at the center of clarity as well. Now, he said he thinks we will see a markup in May. maybe that's something meaningful. But basically he's the only Republican who is saying I would side with the Democrats on an ethics clause. And we haven't even gotten to the Trump ethics clause, which is the most meaningful part of clarity.

I can't imagine that the Democrats on one side are going to say Trump can participate or that Trump is going to say, I can't participate in the crypto industry. And that hasn't even begun to be negotiated here. So, a polymarket right now saying 46% percent. clarity act signed into law in 2026. I would have put that much less. I'll tell you this. I said it on the other show, I think, but I tried to bet on this. You can't probably market in the United States still. No fun for us, but it was at like 75% a month ago or something. And I was like, this is like free money. Now 46% I think more accurate, maybe people listening to these guys. But if you watch the history of the comments on this is

going to get done, this is going to get done. It's just the government being slow and kicking the can down the road. So it looks very hard to believe. I had an interesting report from Morgan Stanley right here. I'm going to read it in real time with all y'alls. Morgan Stanley outlines five reasons why they are bullish on cryptocurrencies. Let's go through theirs. tokenization is not the ultimate goal, but rather the foundation of larger financial structures. I agree with that.

Simply moving assets to the blockchain is not enough. Real value will be created by 24-7 markets, faster collateral movement, programmable financial products, hopefully not defy. and the emergence of next generation financial workflows. Second, it was noted that institutional companies are now adopting public networks instead of private blockchains. I find that one actually really, really interesting. I've been talking on The Daily Wolf about how many stable coins have been choosing Solana over the past few weeks. Meta is doing theirs on Salana, Western Union doing theirs on Solana.

Of course, PYUSD, P-Y-U-S-D from PayPal is on Ethereum. But it is interesting that you're not seeing this happening on. on PayPal chain, right? Now, there are circles launching their own chain. Stripe has tempo. We've seen announcements there as well. So we are going to see private chains trying to capture this, but we are seeing a lot on public chains.

That could be good for our beloved tokens. The third point states that asset managers are beginning to view cryptocurrencies, not just as an investment product, as an integral part of portfolio construction. Morgan Stanley's MSBTEF launch on April 8th stands out as a concrete example of this transfermation. Yes. Morgan Stanley now has their advisors out telling people to put two to four percent into Bitcoin. They were not saying that before they had their own product to do it with. And they are now,

but that's a team of 16,000 advisors out on the street telling people to buy Bitcoin ETFs. Really interesting. Fourthly, the prediction that investors will own crypto wallets directly in the future attracted attention. Morgan Stanley clients will be able to hold tokenized assets directly in their own wallet in the future. Yeah, we know that this is coming, right? You're not going to assign. into a Web 2 app or into e-trade by Morgan Stanley on your computer and look at your stocks and wait two or three days for them to settle and figure it out now at the T plus 1 to be fair. What you're going to do is those assets are going to be tokenized. They're going to be right next to your crypto assets.

They're going to all be in one wallet and you're going to pray that North Korea doesn't hack the shit out of you. Finally, it was noted that digital assets are now beginning to be seen as a fundamental infrastructure of the financial system. Morgan Stanley has said to have moved crypto. from the research phase to integrating it into its core business lines such as institutional securities,

asset management and wealth management. Everything is moving to blockchain rails. We know that. The question is how will retail capture that value as an investment? We shall see. What else are we got here? So Bitcoin ETF inflows return after three-day outflow streak.

Bitcoin Spot ETFs has posted net inflows after three straight days of outflows. So we have a nine-day inflow streak. The three-day outflow streak, right when we talked about how exciting the nine-day outflow inflow streak was. And now we are back to inflows. I think that, you know, we have this chicken and egg debate over whether flows follow price or price follows flows. I think that flows follow price. I think you basically just look at the price and see what's happening and make a guess as to whether ETF flows will be in or out. Now, meanwhile, I talked a bit about some of this on the Daily

Wolf yesterday, but we do have stable coins effectively just eating the world right now. We got a few stories here that are pretty, pretty astounding. So, and I actually tried to dig into these numbers today and they're all over the map, but it's very clear. Crypto card spending surges 500% since September 2024. That was a very arbitrary date to choose, in my opinion, when I looked at the data, but they are up massively, no question. With stablecoin linked cards among the fastest growing segments and visa capturing roughly 90% of transactions. So what you have here is people all over the world getting effectively a debit card that's backed by stable coins that they put into that card,

and they go and spend those like dollars rather than on credit, and that's all mostly powered on the back end by Visa. These are coming insanely popular all over the world, which makes a lot of sense, right? If you live almost anywhere in the world, you'd rather have dollars than whatever your local currency is, unless, of course, you got yen right now since the Bank of Japan just stepped in yesterday

and just sent the yen like six yen up against the dollar in a day with currency intervention. That's a different story. But if you're sitting even in euros probably or somewhere else, certainly most places in Africa, South America and Asia, you would rather have dollars. And now you can just get a visa card. You can load dollars onto it rather than your own currency. And you can go spend those just like you spend a credit card anywhere. So not surprised to see that this is happening. And this is a trend that's going to massively continue. I know there are some of these that are doing exceptionally well and they're worth watching. Also talked about this yesterday, but stable coin payments are back on meta.

Now, this is in Colombia and Philippines to creators, so it's not exactly a monster story. But I think the fact that they're doing it with USC, they can no longer do it with their own token like they tried with Libra and DM. Really, really, really interesting. YouTube did this in 2025 for all creators with PY, P-SD, P-YUSD. So meta getting in line. But to this guy's... credit, Mark Zuckerberg over here, he was first in line to try to get this done and just got, it was too early, you know, and nobody really wanted, like, especially it was like the Cambridge

Analytica days, I think. Nobody wanted, like, Facebook money to compete with the dollar, right? But, I mean, Stable Coins versus Visa payments and is astounded. And I think we all know that primarily, most of this now is going to be agentic trading. And I read a stat that even said that stable coin transaction, even though they're mostly micro transactions, up to 72% right now are already agentic. Meanwhile, over at the company that gave you greatest hits like PSD, PayPal restructures into three core units with crypto and payments now a standalone division. Think about what that means, right?

I mean, this is PayPal, crypto is a company, crypto is a technology that eats their lunch. Right? I mean, PayPal is a company that has a competing technology and is in a blockbuster to Netflix situation where it's adopt or die. Now, they've been adopting crypto for a long time to their credit. They were far ahead with offering crypto-related services, crypto payments, a stable coin called PSD. Right? And so now they've created an entire division.

I would bank on the fact that in five years this will be the only division. I think the real reality here when you look at all the stable coin news is that this is just the way that people are going to transact, right? And nobody cares if you're transacting right now on Swift or ACH or, you know, how Venmo works or how PayPal works. You just care that you can send money from one person to another. And I think that's the future of stable coins. We're not going to care if I sent USDT on Tron or USDC via meta or USD1, the Trump coin via SDA. Solana, right? You're just going to go into an app like Morgan Stanley's saying here. You're going to see your dollar balance, which may or may not be in stable coins at that moment, and you're going to send someone dollars and it will be on blockchain rails via stablecoins. The same way that I don't care how my iPhone works, it's magic. I don't care how the internet works. I have no idea how it's technologically possible for me to be sitting on the moon right now talking to you guys in your phones.

Not on the moon. Right? But I don't care because it works. And that is the future of stable coins and payments. Now, once again, does that help you and me from an investor go to the moon token up perspective? I'm not sure yet. I do think a lot of that value accrues to the Solanas and Ethereums that are being adopted, but I don't think that it means a massive move comes. but if we see the same trends and tokenization on those public blockchains, I think they'll do

exceptionally well. I think right now you can basically just focus as I think about a Bitcoin first, of course, but then Ethereum and Solana have an institutional narrative. They've got ETFs. They've got treasury companies. And they've got a whole lot of news and awareness among institutions. And they have real reasons and utility to exist. Beyond that, there's probably some great things. And I see why you invested them. But once you get past like top 10, 11, 12, it starts to be, you have to depend on the crypto natives to care. And as I showed you at the beginning,

crypto natives don't care anymore. I'll be back later today on the Daily Wolf on Yahoo Finance at noon. What do you guys got over? Before I go, what do you guys got over in the comments over here? Where you got? Anything good? Nah. Nah.

Yeah, sure. I can't read all that. It's like that meme. I'm happy for you. I'm not reading all that or I'm upset or whatever. All right, guys, that's all we got. I'll see you on The Daily Wolf. Have a good one.