The Wolf Of All Streets - Bitcoin Will Hit 150,000 | Major Announcement!

Episode Date: March 12, 2024

I am joined by Joe Vezzani, Co-Founder & CEO of LunarCrush, with whom we are going to break down the recent news in crypto, discuss what's happening with Bitcoin, and make a major announcement!  Joe Vezzani: https://twitter.com/joevezz ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ ►►OKX SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!  👉 https://www.okx.com/join/SCOTTMELKER  ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK.  👉 https://tradingalpha.io/?via=scottmelker     ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd  ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets   Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Trading Timestamps: 0:00 Intro 4:00 Bitcoin to $150K 7:00 Meme coins 8:00 LunarCrush 12:20 Using social perspective to make trading decisions 16:40 How to choose THE altcoin 20:00 Avalanche 27:35 Getting stressed about bull market 31:00 Major announcement 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.

Major financial institution Bernstein is now even more convinced that Bitcoin is going straight to $150,000. Once again, when I see these hyperbolic targets, I say, why so bearish? I think we're going much higher than $150,000. To be quite honest, I think that people just have PTSD from making these high targets in previous cycles and don't want to say it. But I think we're going well into the $200,000. I'm curious to hear what our guest today, Joe Vizzani from Lunar Crush, want to say it, but I think we're going well into the 200s. I'm curious to hear what our guest today, Joe Vizzani from Lunar Crush, has to say about that. And I'm really excited to dig in to what he's looking at in the market using social metrics. He really takes a different approach and very, very interesting. And of course,

collectively, we have a major announcement today. You guys don't want to miss this one. 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. I see right here in the comments, somebody's already called out my big announcement. The announcement that Scott will be fighting BitBoy in a charity boxing match. Nope, that's not the announcement. Definitely not flying to Mexico City to box Influencer. That seems like a really bad idea and not a constructive usage of time, especially here in this raging bull market when there's a hell of a lot to do at minimal time. I'm going to go ahead and bring on Joe right now so we can talk about that. Do you have time to go fight people and train in Mexico? Are you a little busy navigating the bull market of all bull markets right now? Yeah, navigating the bull market of all bull markets indeed. Thanks for having me, Scott. Excited to be here.

Can't we just do like a charity golf tournament or something? I'm totally down for something like that, but I don't think I'm going to be swinging on anyone. I'm actually playing golf today for the first time in about six months. I'm terrified. I haven't swung a club. But finding three hours to do anything at this point almost feels like a waste of what time that could be used constructively.

Oh, my gosh. Yeah. I mean, it's a hard time sleeping. You know, GM from the West Coast out here, you know, 6 a.m. You know, was 5 a.m. a week ago. So we're getting it started bright and early. But yeah, it's hard. You wake up, you look at the prices and you're like, you kind of need to take a little bit of a breath. I started in 2015 on Bitcoin, started Lunar Crush in 2018. And I'm going to take a little bit of a different approach to this bull market and just kind of keep doing what we were doing in the bear market. Keep building, keep focusing on projects that have utility that are great and meme coins as well and just kind of take it slow. I think people are surprised at how fast that never ending bear market seemed to have disappeared.

The sentiment to me is that there's still a lot of people on the sidelines who are in disbelief with that, which I find kind of shocking at this point. Right. I still I've said it over and over again, but I'm not getting any calls about Bitcoin being over an all-time high right now from anyone in my life. Yeah. That's like all of our internal barometer is wait for the friends from high school, you know, to give you that phone call and say, Hey, what should I buy now? Right. And they never ask you, you know, when to sell, but then it's always your fault if they don't sell on time. But yeah, we, we noticed that a lot on Lunar Crush, you know. We're looking at the market from a social perspective. And I think it was a Twitter space a couple of weeks ago when we were talking about this, where we just are not seeing the number of retail users out there coming back, talking about

cryptocurrencies. It's very Bitcoin led right now, but you do have all of the crypto Twitter junkies and everyone else out there. That's why you're seeing a lot of the meme coins running, right? Because they don't know what else to invest in, right? They don't have the narrative yet. We're going to get to that first. I want to do Bitcoin first and then work our way down the degen chain. So obviously we have the title, Bernstein is now more convinced that Bitcoin will hit 150k after massive rally. I mean, listen, this is all really repetitive and obvious. But they say Bitcoin ETF flows have surpassed expectations. I think we all know that that's the case. I mean, I think we're at a point with AUM

in the Bitcoin spot ETFs that we thought maybe we'd get to in 18 months or two years, according to a lot of people, right? And so they think at $150, pretty easy price target, I tend to agree. But they made a curious sort of claim at the end of this report. They said Bitcoin mining stocks are the best way to play the crypto market rally. We've actually seen a pretty big bleed out of mining stocks, I think, because a lot of people who were buying them as a proxy for being able to buy Bitcoin in their retirement account or to trade it are just buying ETF. Yeah. If you've got a micro strategy, which is a little bit more of an asymmetric piece to that, there's cash flows to that business as long with holding tons and tons of Bitcoin. We saw Michael Zahler, he's dipping back in as well. The mining stocks, I agree,

you're going to see some of that move into the ETFs. I was a little surprised. I thought there would be more outflows of Grayscale. Obviously, we saw a lot of outflows in those first couple of weeks going into the other ETFs, someone like a Fidelity that's a custodian for their own Bitcoin as well. So we saw a lot of that, but you're just seeing just the major appetite for this. And I think it's just so much pent up demand. And I think there's going to be a lot more buying. So I think everyone's paying attention to the right metric, inflows, outflows. When do those inflows start to slow down? Do they start to peter out a little bit? And what does

that mean? But right now it just looks like there's so much strength here. I mean, BlackRock's got 200,000 Bitcoin already in two months. Yeah. I mean, it's outrageous. Yeah. These are absolutely insane numbers. I think I had really high hopes, but not this high of hopes. And the fact is that still people don't have access to these, right? It's a slow unlock.

And I've said we thought that was a bad thing at the beginning, but I think now that's a really good thing, right? Because it gives us steady demand as each platform slowly comes online, as RIAs do their due diligence, as they slowly make their calls. Seems, I mean, it's just working out perfectly so far. Larry Fink sounds like one of my D-Gen friends. We did not anticipate that someone like that backing this industry and Bitcoin specifically, I think at this level.

Maybe we always kind of thought it was coming, but looking back to 2015, it's like it's a perfect storm of the right people understanding the market in the same way that we all understand it. And I think that is always the part that is interesting to me when we have new people coming on board is it's like, wow, it's just the same narrative and they all just kind of jump in. Yeah. So, okay. So you mentioned it before I'm going to go there. Meme coins. I am not a meme coiner. I struggle with the meme coin part of this market, obviously, but yesterday you and I were both on X Spaces, I still call it Twitter Spaces. And Mario led us down a two-hour rabbit hole, like deep into the meme coin world.

And they're going absolutely nuts. I mean, it's hard to dispute. And usually that's a later thing in the cycle. It's Bitcoin, Ethereum, mid cap, small cap, meme coin, top, back into Bitcoin and back around. But we have Bitcoin kind of happening in the institutional side, but the crypto degens are trading Elizabeth Horan, literally, and Joe Bowden. So listen, can we just bring up your screen? Because I want to show these guys Lunar Crush, obviously, because Joe has a very different approach to the market. He's seeing metrics that maybe we aren't all seeing. Oh, my God, that's amazing, by the way. Now that we upgraded StreamYard, you can bring up your own screen. That's never been a thing before with guests. That was amazing. I didn't have to push

a button. Nothing. Nice. You're just talking and things just happen. I love it. Go ahead. Yeah. So show us what you're seeing maybe just in general. Yeah, for sure. And yeah, it was a great space to go down that rabbit hole. And there's a lot of people interested in this. And meme coins just in general kind of bring in a different side of retail. It's kind of where a lot of people dip their toes in. We talked about the friends from high school buying different tokens out there. A lot of those people went and they just bought Dogecoin on Robinhood. And that's how they got some exposure to what was going on. And you're probably getting the messages from them saying, it's still down, still down. But yeah, looking at Lunar Crush here, I've got cryptocurrencies up and you're probably used to seeing the market laid out like this, market cap, starting with Bitcoin and moving your way down. And that's how a lot of times people look at the market based on, hey, I have Bitcoin and then I have the rest of these things. And at Lunar Crush, we do focus a lot on the rest of these things and altcoins. And so what we've done is we've categorized this

market, but we've done it from a social perspective. And we've created a lot of different scores out there to look at the market from a social perspective. And so when I'm out here every day doing my research, I'm looking at the market and saying, hey, what actually has community? And we're looking at social interactions across things like X, TikTok, Reddit, YouTube, all the news out there. And we're trying to understand what these communities look like. And so when I sort by alt rank, you're seeing a lot of green. And these are things that are beating the market from a price perspective. They've got a lot of social activity. You see Tether in there. We even have Bitcoin has an alt rank. And when the market is extremely bearish, you see five stable coins sitting here in this top 10 alt rank. I haven't seen that in a while. And I can point it out when

we do. And so it's an exciting thing to look at the market from a social perspective, especially when we're talking meme coins. Meme coins don't have 10Ks. They don't have earnings reports. They just have community. And so I'm going to be talking about this later today a little bit, but you're seeing some of these meme coins falling out of this top mentioned here. And you can even see Lunar in there, but it's falling out of the top, you know, 100. And so we're starting to see some other coins that are popping in here. You know, I can click into something like Injective, right? And then I can look at... Wait, so you're saying that maybe our meme coin rotation is slowing here?

Yeah. And when we talk about our announcement... Maybe're saying that maybe our meme coin rotation is slowing here? Yeah. And when we talk about our announcement... Maybe Elizabeth Horan was a meme coin top signal. Yes. Maybe that was it. You never know. Dude, I saw Trump. I saw baby Trump.

I saw baby Trump Jr. You know, I saw... Baby Trump, Elon Mars, Doge, Bitcoin, Shiba, Sonic, he knew you. It was getting crazy. And they're just launching them on all sorts of different layer ones. Like they didn't even know. They're like, we'll just do this anywhere. But yeah, so Injective's one that I was also just looking at.

And, you know, when I have alt rank, number one's the best, right? It's like golf, you want the lowest score. And so, you know, we kind of are looking at interactions. We're looking at social mentions. We're looking at these things. And, you know, you can see, hey, when alt rank starts to kind of are looking at interactions. We're looking at social mentions. We're looking at these things. And you can see, hey, when alt rank starts to kind of move down, price potentially could start to move up. And all that is, is us looking at the data and the data making the objective choice of, hey, price performance is moving against the rest of the market. Market volume is there.

This is a tradable asset. Social is starting to move. We correlate all that. And then we rank the entire market in real time, 10,000 different cryptocurrencies. And so these numbers are changing very rapidly. And then we just chart that and graph that over time. And we're doing that for everything. And so it's a really interesting way to look at the market and to kind of find some alpha potentially where the rest of the market is looking left, you're looking right. I literally have an alert on this. I just want to show the chart just to give it a different perspective.

Injective, I've said over and over again, I didn't know he was going to talk about. It's one of my biggest altcoin holdings. I've been in it since last cycle, but also way since the bottom this time. I have an alert there. You can see the little alert thing on this. It's making, I mean, it's breaking all the highs right now. And this is hopefully it would be the first close above that 44.86. I mean, the previous highs were down here around 25. But I mean, yeah, what you're,

it's funny that Lunar Crush is seeing it and prices reacting at the exact same time. I mean, this is a new all time high right now. Yeah. And we always say, you know, we want to look at the market from a couple different perspectives, right? And that social is one of the tools in your tool belt for making better decisions in the market, right? You know, especially if we are talking meme coins, you know, if we don't even have the coin yet, right? Like, or, you know, you're not seeing, you know, liquidity that's across any DEXs.

Right. If it's the liquidity is really light. Like these are things that you have to be very cautious about. You have to be cautious about meme coins like in general. Right. You're playing with fire and everyone should know that. But there's you know, if you're new to to crypto and you're new to some of these projects, you know, we've got some other metrics on here. Right. For Injective, the last 24 hours, there's been 2,700 creators that have created almost 10,000 posts that have driven 6.5 million interactions, right? And then who are some of the people that are posting about these projects, right?

We've categorized these creators over the last five years. You know, we know what they're mentioning. We know what they're mentioning, you know, over the last five years. And so when you come in here and you're looking at these, can kind of see who these top creators are you can see the sentiment as well so are things bullish are are things bearish we run all this through our own large language models that we've developed over the years right like you know in crypto when someone says i got you know if i got wrecked on you know call it baby baby doge number five um and they spell wrecked r E K T,

right. That was not something that a language library could pick up. And so we've developed our own kind of sentiment libraries to look at that. Um, things have progressed a lot in the last five years of, uh, on sentiment. And so we also run those through a bunch of public large language models along with chat GPT to really understand like, what is, what is the sentiment? What is the sentence what is the consensus of the sentiment and then we have all the posts down here too so you can dive into the post and see you know who's talking negatively who's talking positively what's neutral and you can even see the number of interactions across all these things as well to just give yourself

a really good idea of what does the community feel like for this right now is it positive is it negative who's talking about it How much are they talking about it? You know, even social dominance is a great one too, Scott, because you can see, you know, 2.6% of the posts that we're pulling in for this category are about Injective. So Injective is taking share away from the market when it comes to social.

Yeah, that's really interesting. Amazing. So how do you actually make this actionable? You're seeing something like this, obviously, we're seeing Injective go up. Could you have caught this a few hours ago before Injective made a move to the upside? Can it tell you when we're generally rotating? Because a lunar crash can basically tell you when that rotation is going back into Bitcoin as well. And all of a sudden, all those social sites have been around everything, start to get sort of sucked up by the big vacuum. Yeah, there's people that they take our API and they'll pull this data in and they'll use, as the momentum trade starts to happen, like this one, you can kind of start to see

this momentum downwards in alt rank. And then you start to see this momentum downwards in alt rank. And then, you know, you start to see this movement upwards. Right. And so a lot of people who are, are using this, you know, they're looking and they've kind of got a category potentially that they're looking at and they're saying, Hey, I'm keeping an eye on these things. And they've, you know, some people have created their own training bots on this as well. We have hedge funds using this data. You know, Coinbase uses this data. You know, Kraken uses this data. So a lot of the big players as well are on this data and they're looking at it in real time. If you're a retail investor out there and you've got our $5 a month plan, you've got access to these charts so that you can kind of say, all right, as these things start to move, do I take

action on something like that? Are the interactions also moving into something or do I think that this is just the narrative? And so I think what's really important is to just have your eyes on the entire market a lot of the time, kind of getting a feel for this data. And once you start to get a good feel for it, you start to understand, okay, there might be a move or some action that I need to be taking here. I want to circle back to the comment about retail not really being here because we sort of talked about it in the context of Bitcoin in the news. But like what metrics show you that your baby cousin, uncle, sister, Tracy hasn't called yet to ask you what altcoin to buy?

So we look at Bitcoin, we're looking at the number of interactions over time. And Bitcoin's probably the largest swath of data all in one that we're pulling in. There's hundreds of millions of interactions every single day. And you can see even in the last three months, we had more interactions, probably a spike in data here. This was probably the ETF announcement that happened back in January. And we're still flat on the number of interactions that are out there, right? Pretty flat.

We've moved up a little bit. But when you look at some of this data, it's like, man, price keeps moving, moving, moving. But the number of people out there talking about Bitcoin is staying pretty flat, at least out on social media. Right. So we don't have this major influx of things that are happening out there. We just have like a slow increase in the number of things that are there. Because, you know, I think, you know, personally, just an opinion of mine is that, you know, a lot of these people, they got they potentially got burned pretty hard on the market.

They might not have had as much Bitcoin. And so maybe they had some other stuff that was the euphoric high that we saw is when everyone goes into this other stuff. And so with Bitcoin moving up, this is all institutional money coming in. The rising tide is lifting all boats, but like we've talked about before, you're not moving from your brokerage account in the Bitcoin ETF into Dogecoin. You're moving back into Tesla or Netflix or you're not moving from your brokerage account in the Bitcoin ETF into Dogecoin, right? You're moving back into Tesla or Netflix or you're selling. Right.

And sort of as you talked about, this meme cycle is not the same as the Doge meme cycle of last sort of bull market, because that was Elon Musk talking about Doge over and over again. That was Mark Cuban allowing it for payments with the Mavericks. That was three-month waiting list to get onto exchanges just because your average person wanted to buy Doge. Elizabeth Horan and Gary, whatever the other one is, I don't know, Joe Bowden. There's a Gary Gensler one. What's the Gary Gensler one? Gainsler?

Gary Gainsler something? My God. You know, this is all a bunch of crypto G-gens just trying to find something to do for fun and to pump and dump coins. People are like, meme coin cycle means it's Gary Vee and Vee Friends is now partnering with like Cocoa Melon, right? For like a show for kids. Like that would have sent the market in a tizzy, right? And people, that's just a blip on the radar, right? And it's like, it just feels like the focus in the market is just somewhere else right now. And then the meme coins are just all the people that have been in the industry trying to figure out where the next thing is.

And you saw a lot of that on Solana. I've seen some meme coins launched on TON, Telegram's network. So it's like you're seeing people just trying new things to see what pushes it, but everything is just getting sucked up by Bitcoin. And I think that's where the market should be right now. Yeah. So where and when, I know you can't give price predictions, but where and when does that sort of slow? And then we really start to see the mainstream altcoin cycle or a better question, what signals would we have that that's potentially starting to happen? I mean, you look at this, what you have on your screen right now, it seems like Bitcoin

hasn't even had its moment yet. Yeah. I think we're starting to see a little bit of that rotation, right? Like, you know, we're, I'll be talking tonight a little bit about avalanche. You know, I think we're starting to see, it blows my mind how flat avalanche is. Like I, you know, I went up 14% on the year, but it was pretty much flat. I think it was flat year to date, right? It might have been yesterday. It just, I think it just moved in the last couple of days. But so, yeah.

And so things like that where, you know, they're making a lot of announcements, you know, they have a huge developer network. You know, I think this is where we're going to start to see, like, there's a clear divergence here, right? So like, you know, you said, hey, how do I take advantage of what's going on? Like, if this alt rank is starting to dip here, right, this is a pretty clear move that you can get in this zone here before it still has legs. And I think this thing has more legs, not financial advice, but, you know, this thing

is flatlined into people talking about it. Price is starting to move. We're seeing a nice push back up here. And so I think we might be at the beginning of where some of this stuff is going to start to continue to move. BNB has had a pretty big move as well. So I think you're going to start to see things like this moving a little bit. We're starting to see some similarities here. This has moved over the week, right? I mean, we were down at 372. We're sitting here at 527. So it's like in the background, as everyone's been

paying attention to these meme coins over the last week or so, some of the alpha in this has already been pushed into the market. Yeah. So we have two ways basically that things can flow into these L1s or bigger names, and that's from Bitcoin when it chills and back from meme coin profits. And so I think that that aligns pretty well for a cycle. I mean, listen, I'm boring. So I always say, hey, man, just buy a bunch of L1s and wait, because they're going to accrue whatever value is built on them. You'll get a bit of that meme coin hype. You'll get a bit of that NFT hype. You'll get some of that DeFi hype. So you're throwing up Avalanche, makes a lot of sense to me. That's the kind of trade I love.

We also, this last cycle, we did not have web wallets and extensions that had Bitcoin in them. There's been a huge revolution on that side of the market with ordinals and stacks and the leather wallet and X-verse and Unisats. And there's a bunch of wallets now. I mean, Alex Labs has a bridge from Bitcoin to Ethereum. These are things that we did not have in the last cycle and Bitcoin was so locked up. And so I think as the market starts to, you know, continues to move up, I mean, if we're sitting at 150K Bitcoin, everyone has a price target, right?

You know, I think outside of Michael Saylor and someone like the, you know, hardcore folks that are only eating meat in the forest with their Bitcoin, you know, there is, everyone's got a number that maybe they're potentially looking at and saying, I would release some Bitcoin there. Right. And I think for a lot of us that have been around for a long time, like Bitcoin is the exit plan. Like that's what we're, that's what we believe in. But, you know, you're, you're telling me you're not going to take, you know, if you, if you need a new vehicle, you're not going to take 25 grand off the table. And maybe on the way out, you take another 7K, you bridge that over, and you move that into something else. Maybe you will. I'm a big fan of taking profit.

I've talked about this a lot, but very few people have the luxury to Michael Saylor their way through life and hold indefinitely. At some point, there becomes a time when you don't listen to the high priests and you better your life with profits from something. Yes. And I think a lot of people are against Bitcoin because I think it's better money, right? Like with all these altcoin profits, but you also have to live a great life. Yeah. And I think we're going to see some unlock this cycle with Bitcoin and, you know, the ability to potentially borrow against that, right? Things loosening up, like how many millennials cannot afford a home, right? But they might be sitting on a bunch of Bitcoin and they believe in that Bitcoin so much and they want to borrow against it, or they want to utilize that to have access to something in

their life, you know, like a new car, you're having a new kid, maybe you need, you know, you need supplies. And so I think people will release some of that stuff. It would just be very nice if it was easier and people could borrow and not have to sell their Bitcoin, pay taxes on that. Let the average everyday person do what the rich folks do, which is borrow against their money. I'm thinking about this and maybe it's when Doge reaches a new all-time high that we get the mainstream hype. As stupid as that sounds, we're not seeing it with Bitcoin. And I think more people came in through Doge and NFTs last cycle by far than Bitcoin. Maybe you

have data that disproves that, but I feel like those were the sort of gateways to mainstream adoption. And since they're still depressed, people aren't paying attention. I just came up with that theory so you can tell me if I'm dumb. Jason Lowery No, no, we don't need any hardcore data to tell us that. The NFT frenzy from the last cycle, that was NBA Top Shots. NBA Top Shots was onboarding more people to cryptocurrencies than Bitcoin was, right? You know, you've got all these different collections. People were collecting all these collector cards. You know, they might have gotten their first, you know, MetaMask account and played with

Ethereum a little bit. You know, maybe they got some NFTs on some other platforms. I mean, I don't, you know, there was a Polygon Reddit partnership, you know, that was late in the cycle, right? So it's like, I think that that's how a lot of these folks are going to come back. And once you start getting those screenshots from Robin hood with Dogecoin on it, finally up again, like, and then someone saying finally selling. I think that's, that's maybe when we get a little, a little bit closer,

but this was such a fast and furious, like, it's like the bull market almost like, I think for the people that are in the industry almost doesn't even feel like it's like here in a way like we know it's here i believe like it's not the wall street yeah it happened fast and it happened in a way that everybody here was unfamiliar with which was like a literal transparent fundamental flows in the etfs what could be more boring than that right and they And they were going to see all the news. And now we're going to need a new narrative and the having and just kind of, you know, the slow grind up is just murder for people who are trying to catch the train. Right. And I feel like most people just missed it. And that's why there's disbelief. Yeah, I think a lot of people have

missed it. Even on Wall Street, you know, you still have the naysayers and they're there. I think their heads are just kind of cocked sideways going like what is what is happening right and you know you still have people saying there's no utility there's no there's nothing there and it's you know when you get those narratives you're like i don't even know how to argue my way out of this because it's just you just have to wait for some of these people to come over and to understand what's happening over here i mean we still have you know we there's so many different listing requests that we get on Lunar Crush every single day of new projects that are out there. I can't even imagine. It's unbelievable. And some of these things are meme coins and some of these are really awesome, interesting DeFi projects that are

coming and, you know, really smart teams and kids that have, you know, dropped out of MIT. And this is the market that they're going into because it's exciting. It's new. It's different. They get to have autonomy over what they're building. They don't potentially have a bunch of VCs breathing down their neck with what they're building. They can launch a fair launch token. There's people from all over the world that are just innovating in this sector. And so it's going to be a really exciting cycle. And I'm hoping we build a little bit more than just infrastructure this time around. But man, do we love building infrastructure over here? We sure do. Maybe we still need it. There's a great comment here. I swear, as the market goes up, I get more stressed. I think everybody can probably, it's surprising every time, but I think it's the feeling everyone has. In a bear market, if you have conviction, A, there's just nothing to do. In a bear market, things are so down that there's no decisions to make. Maybe you'll buy something.

Maybe you'll dollar cost average. To this comment, a bull market is much more stressful because you have active decisions to make and you're always, unfortunately, and you shouldn't feel this way, but there's a fear that you're at the top and should be selling. And then it goes up and I'm at the top. Should I be selling? There's a lot more active sort of people feel like to do. I would say just dollar cost average out, right? I mean, just slowly take profits and sell. Maybe you take the decision marketing out, but I've heard that over and over and over again

from people here. You never have enough on the way up and you always have too much on the way down. And I always think back to, I had my great uh, just recently passed away, but he made it to over a hundred. Right. And he, you know, I think he was 90 and he was on his like 15th startup and he, you know, he was in great shape and like, he ended up selling it. I think it was like 95. Right. So it was like a fiveyear window there after he had done, my God, he had done so much. He was even testing like medical equipment early in space. It was crazy. And so he, he would, I would always tell these kids coming out of school who are 22, right? And they're two years into a startup and they're freaking out. I was like, my great uncle just sold this startup at 95 and his startup was twice your age from 90 to 95. Right. And so a lot of the

people in this industry are so young. You have a 30 to 50 year time horizon on this, right? Like you have to be thinking about that, right? You're not, you cannot be thinking about the next couple of months right in front of your face when you're, if you're trying to build something, if you're trying to trade something and that's your business and you know, or you're, you think you're really good at it and you've had some success, like, yes, you're thinking on some of these short-term horizons as far as that trade goes. But when you're thinking about building something bigger, I mean, you just have to take a step back and relax and say, this is, you know, I have to think about this from like, think about it from 50 years, right? If you're 35, you know, 50 years 50 years from now you're 85 you're still five years

younger than when my great uncle had a startup five years younger than that so it does you know the time preference is great perspective that's great that's incredible so guys i'm gonna ask you guys in the i never asked you guys in the comments but do you like what you're hearing here do you like what you're seeing from joe on lunar? Because you can answer me because that comes to the major announcement, which is I've been teasing this idea for a very long time. It's something I've literally never done on my channels. I've told you guys I'm trying to launch more shows. But I did do a pretty big deal as I hinted at before with Mario Noffel from IBC. And the idea was to grow our channels to offer you guys more content. And the first new show that is not my

show ever in the history of all time on my YouTube is starting tonight at 9 p.m. Eastern Standard Time. And it's Joe. That is the major announcement is that Mario and I came to consensus after testing a million people and talking to a million people that Joe is the guy.

And this is the guy. And this is the kind of show that I do not have the bandwidth or skill or talent to really do myself. That level of alpha and data. We don't want to do another show where somebody shows you a bunch of charts and says, we're breaking out. And that's fine. And all those things. We want to give you real data, real actionable information. And it's going to be a daily show, right? Because we just want you to have no life as well. No, amazing. I'm so excited, Scott, you and Mario. Talk with you guys. It's been a lot of fun. And I wanted to add a different perspective from specifically just altcoin market, right? And what's going on over there. There's a lot of building, there's a lot of action that's happening. And I mean, we've been

in this market since 2018, you know, building Lunar Crush before that, even back to 2015, you know, and the reason we started Lunar Crush is, you know, once Ethereum came out and all these tokens and we're like, oh my gosh, this is the tokenization of everything. Like what is happening in this market? This is how new businesses are going to be launched. Different types of businesses are going to be launched. And so we set out to build a tool that helped us understand the market from a social perspective. And what does the altcoin market look like?

What are memes doing? And we're just bullish just on builders in general. And so for us to be able to put that on a platform like your YouTube channel, your YouTube channel, obviously, you know, we're, we're super grateful for you guys to let us be a part of that. And hopefully we'll bring some awesome insights to everyone and keep everyone pushing through this bull market. Yeah. And for me, it was sort of like, what content can I watch that will give me alpha that I'm completely missing, right? It's like, I don't need to do another show, the same thing i'm on and so like this is you know we kind of came together like what show would we watch on

our own channel to give us the insight that we could use tomorrow when we show up for for our own show so i'm really excited to get this going so joe's going to be digging like i said this is going to be a more like immediate alpha actionable intelligence sort of show i don't think he's gonna say hey buy this right now but he can tell you hey these meme coins are popping this is what's launching right now this is where the value is accruing this is what people are talking about and uh i think it's going to be absolutely amazing i can't wait awesome yeah it's a date it's from a data perspective it's not just me out there kind of picking and choosing a couple of things or what's just in my feed you know on x i mean this is the collective voice of what people want to see right i see a from a data perspective, it's not just me out there kind of picking and choosing a couple of things or what's just in my feed,

you know, on X. I mean, this is the collective voice of what people want to see, right? I see a bunch of people saying a dog with hat and we need some dog with hat analysis in the, in the comments here.

I hear dog. I can't do it, but we need it. Yeah. I mean, but these things have made, well, maybe dog with hats on the first show.

You never know. Dog with hat could be on the show tonight. It could even be a frog with hat and i wouldn't even know it that that could be coming people are asking where you're going to watch it it'll be on this same youtube channel and it will also be uh on actually we need to figure out i'm sure maybe it'll broadcast on my own app so that would be awesome maybe we'll do that i don't know we're going to set that all up but it will be uh available on all of my channels at least and maybe maybe we'll be co-streaming it to your. We'll figure that all out. Yeah, we're going to figure that out. So that's the big announcement, guys. I'm going to let Joe go and live his life before we prepare for another show tonight.

And yeah, you're going to be on Spaces in like 30 minutes, too. That's right. Yes, sir. Yeah. Awesome, guys. well that's uh what we've got for you today please nine o'clock Eastern Standard Time tonight and every other week night launching this show I might even pop in here and there yeah I wouldn't be surprised I might get a little FOMO on my own channel I think highly likely all right guys that's all we got tune in tonight we'll be uh tweeting about it as well so make sure to uh you know watch for it to come up you should get an alert uh you know subscribe to the channel and set your alerts so you make sure it comes up

joe thank you see you tonight all right scott take care my man let's go.