The Wolf Of All Streets - "Bitcoin’s 2026 Rally Has A MAJOR Problem & No One’s Talking About It!" | George Tung
Episode Date: January 24, 2026In this eye-opening episode, we sit down w/ George Tung w/ CryptosRUs to dive deep into why the traditional Bitcoin four-year cycle is breaking down, with geopolitical forces and Trump’s policy move...s now driving crypto’s fate instead of just price action. Discover how ETFs, macro chaos, and leverage liquidations are reshaping markets, why gold and silver surged unexpectedly in 2025, and how serious players are pivoting to big-cap cryptos like Bitcoin and Ethereum amid retail uncertainty.
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Everyone's watching crypto charts, but the real Bitcoin indicator right now isn't price.
It's Donald Trump.
Tariffs, regulation, macro chaos, politics has officially hijacked the crypto cycle.
So what happens to Bitcoin when the four-year cycle breaks, ETFs front run the market,
and the U.S. suddenly goes all in on crypto?
Today, I'm sitting down with George to break down why this cycle feels completely different.
This traditional cycle that we have followed for so many years,
you have two and a half years of crypto winter,
and then you have slow recovery,
and then you have a very parabolic rise at the end.
I think that cycle that we're all used to is probably gone.
By most traders are mentally checked out.
The choppiness and these scam wicks that we're saying
is just liquidating people left and right.
Who benefits from these liquidations?
It's not the traders.
It's not the crypto people.
It's the exchanges that all the things that are
offer leverage.
And why George isn't even watching price anymore, he's watching Trump.
The market, it's really driven by geopolitical macro stuff right now.
We're really moving away from the four-year cycle, from all the metrics that we see.
Seems like we have really moved away from that.
And now all eyes are like, what's going on with world events, with the US economy, and
Bitcoin's kind of like moving with it.
We get into macro leverage, prediction markets.
and why Bitcoin might be entering a totally new era driven by geopolitics instead of having hype.
Watch the full episode to understand what actually matters for Bitcoin right now
and how serious players are positioning for what's next.
George, it's been a while since we've had the chance to catch up.
I wanted to sort of gauge where you're at with the market in general.
It's been exceptionally boring, and I think a lot of people have just mentally timed out.
Yeah, well, thanks for having me back, Scott.
The market, you know, it's really driven by geopolitical macro stuff right now, right?
We're really moving away from the four-year cycle, from all the metrics that we see.
It seems like we have really moved away from that.
And now all eyes are in like, what's going on with world events, with the U.S. economy,
and Bitcoin is kind of like moving with it, right?
We're all kind of like trying to navigate through what we're seeing right now.
But yeah, I mean, it's an interesting time.
I think both of us, we've lived through a couple of these cycles.
And this cycle, you know, has been very, very different, to say the least.
Yeah, I did not sign up to become a macroeconomist who has a, you know,
masters in warfare and tariffs.
It's really very, very different.
And I see definitely why a lot of the early people have exited and sold.
I think they're just disillusioned or confused or they don't know how to gauge the market anymore.
As you said, it's just been a very strange cycle, right?
But as you mentioned, we've moved away from the four-year cycle.
So you think it's apt to even call it a cycle anymore?
I don't know.
I mean, we'll always have some sort of cycle because of the halving event that still happens, you know, every four years.
So the next one, I think, is 2028.
So we'll always have some sort of cycle.
But this traditional cycle that we have followed for what so many years, traditionally you have, what, two and a half years of crypto winter, and then you have slow recovery, and then you have a very parabolic rise at the end.
I think that cycle that we're all used to is probably gone, right?
And I think 2025 kind of proved that because 2025, obviously, what's the last?
year of the four-year cycle and we're supposed to go parabolic up. Instead, we did slow and steady
stair step upwards, you know, movement. And then we kind of topped out in October because of all the
geopolitical macro stuff that started happening again. But now we're in 2026. It's still early, but
January is almost over. And we're still seeing Bitcoin hold. You know, we haven't started crypto winter.
we didn't go down like, you know, drastically like previous, you know, previous cycles.
So I do think, in a sense, yes, the four-year cycle is over, but also we have to consider
that there is a having event that still happens every four years.
So there's still something to that.
But I think it's more like, I think most people agree we're now following like the business cycle.
Yeah, that's the real.
And that's a lot more important because of liquidity.
And I agree with that.
Yeah.
And there's high confidence from a lot of.
analyst that the business cycle ramps up this year.
But if it doesn't, maybe we just chop sideways for a very, very long time.
There's so many hallmarks of the previous four-year cycles that didn't happen.
I mean, I guess you can argue, yeah, we topped in October, if you believe that's the,
you know, macro top of the cycle, but everything else looked different.
There's no alt season.
The Bitcoin made an all-time high way early in the cycle because of the ETFs.
It just didn't feel the same.
And so I also then, I guess the silver lining is I don't,
expect 80% retrace.
Yeah. I think
we take the good with the bad, right?
I guess the bad was we didn't get that blow off top,
but the good is we don't get that 80% retracement, like you said.
Something else that's very interesting that happened in 2025,
and I'm sure you know in your audience probably have asked you about,
is the rise of gold and silver.
Yeah.
And, I mean, if you look at a chart since October, since September, I would say,
gold has gone up at least 50%
and silver has gone up like 200% or something like that.
Alt season.
Yeah.
This is like this is what we wanted from the alts,
but instead it went to silver.
But it's just really strange.
And I think that also played into it
because obviously gold and sort of silver
has always been seen as store of values
but also a flight to safety for, you know, during uncertain times.
But we have never really seen them climb up this much, this fast.
And that's pulling liquidity away from everything, right, including crypto.
And that kind of sucks.
So that's also something we haven't ever seen before.
I mean, yes, we have seen gold go up, but not to this extent.
And certainly not silver.
So, yeah, that's also very strange, too.
Yeah, I have another part of sort of a theory I've been working through on where all the crypto liquidity went because everything else has gone up, right?
So it's not like we didn't have market conditions where all coins could have risen.
I mean, stocks are at all time high, silver is all time high, gold is at all time high, as you said, or rounding error away.
Right.
Iniction markets.
I think that when you now look and look back honestly, you say, well, most of the reason this stuff went up wasn't because of their gas fees or their utility, right?
it was people speculating and gambling or whatever.
Trading, gambling, speculating, use whatever you word you want.
And now you can just go gamble on the weather
or whether Donald Trump's going to tie his left or right shoe first tomorrow.
Why do you need to gamble on coin number 43 on coin market cap?
That's part of it.
I mean, also leverage too.
I mean, as it relates to crypto, I think leverage
sort of like ruined all coin season in a way
because rather than buy and hold something
that could go up a thousand percent,
why not throw a 50x and 100x
and do that with even Bitcoin, right?
I think leverage really kind of like halted things.
I think maybe more so than prediction market,
but I do want to talk about that.
But I think leverage in a way has kind of like
taken over and market makers now utilize it within their arsenal to really kind of control
things that's why we always hear like just the last few days like a billion dollars of longs liquidated
right like you think about it who benefits from these liquidations it's not the it's not the
traders it's not it's not the crypto people it's the exchanges that offer leverage right because
regardless if you win or lose they collect their
fees. And of course, some of them are the largest market makers and they work with market makers.
So it's like, are they all the cahoots? But I think that's also a big thing.
Yeah, I think the only slight caveat there is that that works until there's no one left and
those traders can't reload their accounts, right? So they don't want everybody to blow up at once,
like October 10th. Yes. That wasn't on purpose. Yes. I mean, I don't know that October 10th,
I think.
The biggest liquidation event.
Yeah, 19.2 billion, whatever it was, yeah.
Yeah.
Whether that was on purpose.
I mean, in a way, maybe it was not on purpose,
but the results probably was way worse than they wanted.
Yeah.
But yeah, I think that has a lot to do with it too,
because, again, people are speculating or speculating less
because now they think, okay,
I could just throw a leverage,
a 20x leverage on ETH or Soule or whatever
and try to make that instantly.
But the problem is most people don't
and the choppiness and these scam wicks that we're saying
is just liquidating people left and right.
Yeah, it's really, really unfortunate.
So you said you want to talk more about prediction markets.
I would love your view on that.
Yeah.
Well, I'm personally invested in it that I wanted to share.
But, I mean, overall, the explosion of Polly Market
and then now Kalshi, which
is arguably bigger
if you look at volume
and there's another one called opinion
that's huge
I mean
this is satisfying
like
the primal needs of people
to really
to kind of like
to bet
to predict or to like
feed their egos
like I'm right
like all these guys on X
right all these analysts
or just normal
random people
they all
want to prove their right. They, you know, they, they stop their feet and say, no, I'm right.
This is a way for them to prove it. And I think that's why, because of all these reasons,
they have been blowing up and you go beyond sports. Traditionally, it's just like sports, right?
But now you, like you said, you can predict anything. You could predict the weather. You could
predict what Trump is going to say or do next, right? Like, anything can be predicted
And I don't know of that actually, probably partially.
Probably it took a little liquidity out of crypto and like, say, all coin season.
But I think that's just like, it's pulling money from somewhere into it.
And they're all exploding.
So it's a very interesting, I guess, market.
I mean, so how do you look at all of that, all the places that kind of consensus was wrong in 2025, right?
and project that forward into how you're going to interact with this market in 2026.
I kind of changed my, I had to change my thesis for obvious reasons because the cycle has changed.
And for me, I'm just sticking with Bitcoin and a few big caps.
That's it.
Like, Eith, Seoul, mostly those two, and then a little bit of like XR.
or something like the big caps. Mid caps and small caps, okay, it's obvious. They have no momentum,
no traction at all. Retail lost all confidence in them. And that's why if you look at a chart,
unfortunately, they're just making lower highs and lower lows. And it really sucks. Because
some of these projects have come a long way. There are a lot of things still,
being done on them like RWA or AI or even gaming.
I mean, it's just that right now with uncertainty, retail just doesn't trust anything.
And plus, we mentioned all these liquidity events, you know, with leverage and stuff that
liquidates all these people and bring the markets down.
A lot of retail, unfortunately, is just scared and they still are.
everyone I talk to says, I'm focused on Bitcoin, it's a lot on Ethereum, myself included, right?
Like, they've got ETFs, treasury companies out there, they obviously have the stamp of approval,
they're not going anywhere, it's easier.
But it means even the people who've been here the longest and have experienced the most
and actually got a taste of the 100x gains and 500x gains have basically given up on that
being a part of their strategy.
Yeah.
I mean, that reminds me, Scott, like, remember like a few months ago, and I think some, some
publications still cover it.
We had this one Satoshi era wallet, an OG bitwinner, decided to sell like a billion dollars
worth of Bitcoin, and then started shorting the market with it.
Like, when has that ever happened?
You know?
Right.
They threw a 10x short on Eith and like a 10x short on Bitcoin.
So again, kind of proves our point, like some of the OGs are fed up with what's going on,
but also leverage is such a thing now in crypto that even billionaire OG Bitcoiners are playing leverage.
It's like, that shouldn't be the case.
I don't have to do that.
Right.
Like, I just don't get it.
I don't get it.
It's just such a weird, weird thing to happen, you know?
Now I think that leverage is going to only.
increase because it's going to come to all the U.S. exchanges. That's going to come to actual
stock market probably. He had perps on the stock market. It seems like in 24-7, 365.
Feels like the entire world is being gamified by the crypto structure without crypto actually
gaining the value from it. It's, you know, it's a weird situation because for so long,
us in the U.S. and everywhere, really.
All the regulatory bodies have been suppressing crypto, right?
And now we're starting to see countries worldwide, starting to embrace it, but especially U.S.
Because Trump has now made it like 100% pro-crypto in every facet that you can think of.
Every lawsuit from the SEC have been dropped.
Now we have a very pro-SCC that basically allows.
anything to go on, declared all previous things, securities, non-securities. Memes are non-securities,
staking non-security, staking rewards, non-securities. And soon, like you said, levered trading,
which was once declared too risky or, you know, I don't know what the reason was, but they're going
to bring that back. You know, Coinbase and Gemini, I think, have derivative trading already for a little
bit, but they'll go bring all that back. I know what Grafton did. I still don't know if they still did.
They'd had 5X forever. But yeah. Yeah. Like they're just allowing everything, which for us, like in
crypto, in the crypto sphere, I think most people are like, yes, this is all good. Let's just allow all
of it. But the fear is you allow too much and then we're going to have another like FTCS moment,
right? That's just, there's just too much freedom. And then there's going to be some huge
catastrophic failure. And that's going to like bring down an entire thing.
thing, and hopefully that's not the case.
I mean, even CZ, CZ's pardon, and then, you know, World Liberty Financial is working with
Binance.
So you know, Binance is coming back to the U.S., for sure.
So it's like, it almost seems like there's no rules anymore, and it's a little scary
if you think about it.
Well, it does allow people to build and participate more, and I know that you've pivoted a lot
of your focus to actually doing that, right?
So it's been actually, I think, an exciting time for you.
I saw, obviously, Clash Royale.
I haven't dug into it yet.
So I'd love for you to break that down,
because I always find it really interesting
when people have the guts to really pivot
and kind of back something themselves.
Yeah.
So, like, around the September timeframe,
and as a creator, you would know that Pump.
That Fund released their streaming platform at the time.
And I think Alex Becker was the very first one to kind of like big influencer to try it.
He came out like a streamer token and blew up and other people tried it.
And it seemed like they were all making crazy rewards.
So I at the time wanted to try it too.
I just wanted to expand, you know, Crypto's or Reach.
I was thinking, okay, maybe I could stream on it.
Just see what happens.
But then I realized you have to create a token to do that.
They won't allow you to do it without selecting a token.
So prior to that,
My kids actually were very addicted to this mobile game called Clash Royale.
It's a game that's been out for like nine years.
And it was very popular, got, you know, got old, people forgot about it, and then it got popular again.
So my kids were playing it.
They got me into it.
So I want to try out, pumped up on my, okay, I don't want to come out a CRU token.
Let's just try it, right?
I'm just going to try myself playing this game and streaming it.
And so I created the Clash token.
And, you know, it's very memeish.
That's why the project name is called George plays Clash Royale.
That's the project.
It's pretty straightforward.
I also want to make sure that people know and, you know,
Clash Royale and Supercell knows that this is a meme project about me,
not about them, not representing them in any way.
So we did that for a couple weeks, and people didn't know what they expect,
and then all of a sudden it caught on.
And then we started building upon that.
So we started hosting tournaments because there's so many players.
There's million millions of players that play every month.
So we start hosting prize tournaments where we give out sole tokens rather than clash because I don't want to add to the inflation.
And we've been doing that for four months.
And we've been getting more and more players in and it's going strong.
But here's the difference.
I don't even like to call it a meme project anymore
because all the memes that you see even recently
there was a BFS that blew up and dumped,
White Whale blew up and dumped,
all these blow up and dump
because the devs or insiders or the creators,
they're anonymous,
you don't know how much they control.
None of them are fair launched, right?
And they can dump or exit the liquidity from an LP at any time
and people are just purely, you know, gambling at this point, right?
With a clash token, it wasn't, that wasn't the case.
It was fairly launched on Pump. That Fund.
I know a lot of community members got in when it was like 30K market cap.
And now, as right now, is sitting at $42 million.
So, yeah.
I didn't realize it was that big.
That's incredible.
Yeah.
I didn't realize anything that came from Pump Fund, like, sustained for that long
and stayed that high.
We're like, seriously, the only project that has probably come out of Pump.
That fund within the last four months that have sustained and have kept going because we're not just like a normal pump and dump.
No insiders, no cabal, no KOL pushes.
I got no one involved with it at all.
That's why it's still relatively unknown to most people.
And that's why it's different.
But now it's interesting enough because we already talked about,
prediction markets. So I thought of, okay, how can we make our tournaments even better? How do we
get people more vested into our tournaments? We give out prizes already, but how do we make it
even more exciting? So I thought about, all right, let's come out with some kind of prediction
market platform for our tournaments. So we started developing maybe a couple months ago and we're
near completion, and we call it clash picks. So we're going to make it focus around our
tournaments, but expanding outside into basically anything, you know, politics, crypto, sports,
all that.
But we're doing it differently because we have a free-to-play model, and it's so much simpler.
Anyone that have views, Polymarket, or Kalshi, will tell you it's very complicated.
There's people that are like sophisticated traders that have all these sophisticated algorithms and
stuff, kind of like just normal crypto.
trading. That's how people treat these prediction markets, but we have designed class
picks to be so much easier for an normies, really easy to understand and get in. And we have a free-to-play
predict model, so anyone who can get in and predict for free. So there are literally people in your
community who are just there when you started and are up a thousand nights. Yeah, yeah.
Where have I been? I didn't know that happened in 2025.
We're doing things differently, Scott.
That's why I'm so passionate about clash.
The community is so passionate.
And that's why I keep pushing forward.
Really, like with all the stuff that's going on,
Bitcoin's price, crypto price, you know, could be going up and down.
For me, it doesn't really matter because I'm just holding, right?
I'm not really actively trading.
I'm not getting liquidated left and right.
I know we'll come back.
so I'm just holding and D-Sane when I can,
but all the spare time I have,
I'm working on clash picks
and making it the greatest prediction marketplace there is,
and also hosting these tournaments
and making sure that the community stay strong and focus
and don't become discouraged, and, you know, it's working.
Talk to me about how you actually start streaming
and launch on Pump Fund.
I'm such a boomer.
I obviously saw all of it happening and heard about it,
and it was sort of just something that I deliberately ignored because I felt like we're launching millions of meme coins over here.
This can't be a serious thing, right?
And obviously you identified an opportunity to do it the right way and that resonated with people.
Yeah.
Here's a funny thing.
And I hate to call out one of the co-founders.
He goes by a non on X.
before I did this, I reached out to him on X over DM.
I'm like, hey, I'm thinking about doing this.
I want to get your opinion.
I don't know if you know who I am, but I run one of the largest crypto brands,
and I don't know if this is a good idea.
And then he responded to me, he's like, you know what you should do it.
It's going to make your brand even stronger.
Your communities go love it.
And, you know, he responded to me.
So after I did it, I went back to him like, hey, you know,
this is pretty successful, right?
Thanks for that.
Hey, you want to help market this
because they have a trending section
and I see them on Pump.com.
They're always covering creators
and new coins that come out.
I don't know why.
He has still not responded since then
and has not made one post
about Clash Token
even though we are by far
the most successful one
within the last six months.
I don't know why.
It almost seems like he doesn't want to promote legit projects
or the platform doesn't want to promote legit projects.
It's so strange to me.
So I hate to call him out, but I share that story because it's still surprising.
All these new ones that come out that immediately die
and most people associate pump.comfunk-fund projects to basically pump and die immediately.
Those get promoted, but a legit project still does not.
And it sucks.
But anyway, I know that I'm going on.
Like, how hard, like, how difficult is it to actually do this?
You want to become a streamer.
Obviously, as you said, there has to be a token attached to it.
Like, actually, somebody came and was like, you should be streaming on Pump Fun.
I was like, I'll stream my shows on another platform.
And they're like, but you have to have a token.
It's very easy.
I don't always got token, right?
You just go on Pump.funk. Fun, create account, and basically just attach a wallet or you can do email.
Or you have to provide the liquidity or that, I mean, how does that actually work?
Yeah.
You basically provide a little bit of liquidity, and that kind of like sets the tone, basically.
And it gets put into the LP.
So I think for me, I put in like two sole or something like that.
Really?
Yeah.
And I'll kick it off.
And the thing is they have, they have like this bonding thing, which I forgot like how much,
but the token basically needs to get to some sort of market cap before it gets bonded.
I don't remember what it was, but I think it's 100,000.
Yeah, I think it's 100,000.
And then once it gets bonded, they'll move it either to radium or they'll move it to their own swap, the pump dot swap thing.
And then that's it.
And it just lived there.
I think it's tradable.
But do you ever have to add more liquidity to it?
How do you prevent it from being rub pulled?
How do you prevent one of those early people who got in super early from selling it off and selling it down?
Because there's obviously some mechanic that's making them all look like a Christmas tree on the chart, right?
Straight up, straight down.
Yeah, for, I mean, people that launch unfairly where they just launch by themselves, they can do a lot of tricks where they're holding, you know, even if it's not one wallet.
So case in point like White Whale, what it was doing well, I looked at it. The top six wallets held 90% of the supply.
So obviously when that happens, it's very easy to drive it up and it's very easy to dump it afterwards.
And BFS recently, some Mr. Beast, knockoff, coin, whatever, kind of did that.
And you look at bubble maps, it's like a whole bunch, like a thousand different wallets all connected to original wallet.
So they were trying to do the same kind of thing.
So there's a lot of things that people can do.
With Pumpdot fund, the good thing is it is fairly launched.
Okay.
Once it bonds and then it gets put, the liquidity is like there, you can't withdraw it.
It's locked there forever.
So you can't do any games with that.
You can add liquidity, but you can't just rug and take out the liquidity and destroy everyone.
You can't do it.
You could, of course, buy your own coin.
Other people can be sniping you.
And if they snipe you early, so when you get big, they can dump.
There's nothing you can do about it.
That's an open market.
That's fair market.
So for me, really, we have experienced that.
The first month, we shot up to like 82 million market cap.
And the last few months, when it got rough, we got, we slid out all the way to 15 million,
but we're now climbing back up to 43.
The main thing is just you got to keep your holders, your community strong.
That's it.
You got to give them something to hope for.
If you're purely coming out with a streamer coin, like a, you know, like a meme coin, let's say you do it, Scott.
Tomorrow you do it. You create a Scott coin.
And then you stream on Pump. Fun.
At the very beginning, a lot of your audience will probably go by it because they want to support you.
But if you're not going to do something with it, there's no reason for them to hold it other than they speculate it's going to go up.
But in a rocky condition, when there's not a whole lot of people spending money on,
speculative tokens, they're going to just sell it.
So you got to give them something that they believe in,
and that will make them hold it and also buy more.
That's really the secret, unless you're playing all these shady games
that a lot of people do.
But if you're trying to do a legit,
you've got to find a reason for them to want to hold it.
That makes a lot of sense.
So that's where actually engaging, constantly,
showing up on the streams, giving things away,
and, you know, participating yourself
as where you add the value.
Like the tournaments.
Yeah, like the tournaments I was talking about.
So we don't just give soul for the sake of giving soul
at the beginning we did.
But like for these prizes, these tournaments that we hold,
I require the players to hold 2,000 clash.
So once they hold 2,000 clash,
then they're eligible for prizes and giveaways.
But if they don't hold it, they could play for free,
but they're just not going to win any prizes and giveaways.
Right?
So that's a way for me to kind of get people to hold and not sell.
But I also remind these guys that, hey, I'm not forcing you to buy it as like an entry fee or entry ticket because it is in your wallet.
You control it.
You could sell it at any time, right?
But it's just a minimum requirement if you want to win our prizes.
That's really it.
So having seen this success, it's just such an interesting use case for me.
Do you think that there's potential for a resurgence of legitimate launched projects on the pump funds?
Or do you think that it's just kind of tainted by the sheer amount of pump and dumps?
You're literally like a one in a million.
Yeah, thank you.
Literally.
I mean, like by the numbers, right?
I mean, I think in April, I don't remember if it was like eight million coins launched this month or this week or whatever.
But I mean, a million.
Surprisingly, clash right now at 43 million.
as like a top 500 project
and all of crypto.
That's how crazy it is.
But I hope...
It trades like on Femex and a number of real...
Like, Mexie, right?
Yeah.
Max C, Femex, BTCC,
XT, a few others.
What's that look like?
Like, do they come to you
or you get to a certain size
and you start to approach the exchanges
to say, hey, you know,
this thing's got enough liquidity
and volume for you to list it?
Yeah.
I mean, when it comes to all these
have been free listings and they have just done it without us saying anything or doing anything.
But they will play their games. They will all come to you and say, well, can we list it for $30,000
or $50,000? We're like, no. And then eventually they'll just do it. And it's the same deal with
Coinbase, Cracken, Gemini, Rob and all these big ones, they have application processes. But
speaking to some of these bigger memes that have, that now are listed, they, they, they,
They tell me the same thing.
Like, oh, we didn't know.
Coinbase just listed us.
It all comes down to momentum and volume because, you know, all the exchanges just want to make money from the fees.
So, you know, I'm not really even worried.
If Clash gets to $200, $300 million, I'm pretty sure these big exchanges are just going to pick it up.
You know, so it's just really about, again, size and momentum.
And when you launch it is a certain percentage automatically in your wallet.
Yeah, it's what you put in, like, the beginning.
Like, I told you, I started the pool with, like, two soul or something.
That gets, you get a certain amount of tokens for that, and that's, like, in your dev wallet, basically.
So that's what goes to you.
Really interesting.
This is, like, such, it's like speaking a foreign language to me, and I've been in crypto for a really, really long time.
This is all new to me, too.
This is first time.
And the platform, you got to hand it to pump that fun.
Their platform works awesome.
Like if you want to launch a token, there's no easier.
I think Bonk now has one.
A lot of people talking about launching tokens on Bonk,
but it's really, really simple.
They have built a terrific platform.
Anyone can do it.
Unfortunately, most people that do it don't have a plan or does not care.
They'll just do it for the sake of doing it,
try to make some quick money and move on.
but I think if creators or just people in general,
if they really wanted to, they can use it
and build something great.
It's just you've got to put time into it.
I assume if you build it and it becomes huge
for you to actually profit from it
at some point you have to sell something.
Yes.
I'm waiting for it to get to a billion.
And once we get on Coinbase,
then I could exit at least some of it.
Like right now, when it comes to, you know this,
like the evaluations of crypto projects
are way inflated.
It's all based on liquidity pool.
And liquidity pool for most projects are very tiny.
So even if you look at,
I looked at the other day like Pepe,
you know,
well-established meme coin
that has $3 billion in market cap.
If you look at their liquidity pool
on Uniswab, it's only about
$40 million.
That's crazy.
So, yeah.
So even if one of the founders
wanted to like cash out
$20 million worth of Pepe on Uniswap
swap, it would crash in half, right? So that's the thing, because the way the market caps are
calculated based on these AMMs is very different than a traditional company, you know, that's
raising and they get, they have P ratios and stuff like that with crypto is very different. So
so I think if we continue our path and ClashPicks comes out and becomes hugely successful,
one billion is really not going to be hard.
And then you send it over to Coinbase and you do it on the order books and you don't
crash the price anyways. It's not like you're dumping it into the liquidity pool, right?
Right, right. But they have to get their liquidity somewhere, right? So that's the unknown
for me. I've heard that in certain cases they buy. In certain cases, they just use a market maker
and then that market maker needs to buy or you need to provide it to the market makers and then
they use it. So I've heard different scenarios.
different stories on how they get liquidity and stuff like that.
So I don't know.
When the time comes and it happens,
then I'll know and then I'll tell you about it.
Yeah, but that's incredible how much work you're putting in on the idea
that you'll still 20 something X, you know, just to be able to take some profit from it.
You're right.
Luckily, I'm in a position where I don't need to, right?
But unfortunately for a lot of people, they do.
Yeah, they see the number and it's just too much.
Yeah.
You have to take it. So for you then, it seems like you kind of have a barbell approach, right?
You're just going to hold the big name assets. You're going to wait for the market to ramp up.
I think we both believe that whether it's in the next six months or year, whatever it is,
there will be another massive FOMO retail cycle, right? So while you're waiting for that to happen,
you can go over here and actually build something and participate and have a good time.
And you don't really need to mess with anything else in between.
That's exactly right. That's exactly right.
Right now, it's just kind of like a traditional company.
Take that back.
Traditional project.
You know, like a lot of project, you could even say like Cardano, like Charles Hoskinson, right?
Like a lot of people, he gets a lot of hate.
He gets very frustrated now because people keep saying, well, why is Ada not going up?
Right.
But, you know, what could he do other than to build, right?
You just build during the dark times.
And then in the good times, then that's how your project rises and continue.
needs forward, right? I have that same mentality. Like right now, okay, with my crypto holdings,
I'm just going to hold. I'm not going to try to trade it, nothing like that, because I do think
the markets will come up. But I'm building as much as I can to clash because when the market
conditions improve, people are going to see it. And that's when we can do another 10x, 20x,
50x from here. Right? So that's exactly the same thing what I'm doing right now. Yeah, it's very
interesting. And on the YouTube side then, you know, you obviously still have your channel.
You're still posting constantly. So you find it as I do very hard to figure out what to talk
about on a daily basis. Yeah. That's why I talk so much about, you know, geopolitical macro stuff now.
I mean, you can't. You can't. You can't. You know on Greenland now to run a Bitcoin channel.
Right. Like, I know that it doesn't make any sense and new people coming in are probably confused.
but it relates, right?
Like, I pivoted to covering, like, FOMC meetings a few years ago.
Because obviously, whatever the Fed does affects things.
And that was a good transition.
And now I see, like, every crypto, you know, every crypto channel covered at FOMC meetings
and talk about rates and stuff like that.
Because obviously, now we all matured a little bit.
We know that Bitcoin isn't just magically going, go up.
or down due to the four-year cycle.
There's other things at play that kind of drive things up and down,
especially with the liquidity.
And now we're talking about business cycles and stuff like that.
But now it's pretty obvious.
Obviously with Trump and his radical ideas,
some have worked, some have not.
Tariffs, when at first was introduced, man, it crashed markets.
Right?
Like, I remember when he first introduced it,
We went from December all the way to April crash every day, like four months straight crash.
And then one day people realized, okay, it may not be as bad as it looks.
And then we start recovering again.
And then that's when we went from April to October was one of the greatest recovery periods we have seen for stocks and crypto.
And then now, you know, there's more things about tariffs, about Greenland, about like, NATO, you know,
all these things are again kind of scaring the markets.
So we have seen this before.
Right now, people are just selling because they're uncertain.
They're fearful.
But we'll get past it.
People will get used to it and we'll just move forward, right?
Yeah, that makes sense.
Your point, you have to cover it.
What else is there to talk about?
That's not talk about.
It's like clarity act experts.
I mean, it's so funny, you kind of said right before we, I guess, started recording.
I was like, well, what are you doing the market?
You're like, I just watch Trump.
Does that rule we've really been reduced to?
It's sad but true.
Yeah.
I'm not saying it's all good.
Obviously, there's a lot of crazy moves he's making that is really questionable.
Like, you know, this Fed independence thing that's supposed to be the case.
But now he's going after Powell.
And even though everyone hates Powell and thinks that he should cut rates faster,
but like, you know, hate to see him being pressured like this.
So yeah, I'm not saying like it's all good or all bad.
It's just there.
You just have to watch.
You have to pay attention to it.
And if you're not paying attention to it,
you're probably going to lose money or make bad decisions, unfortunately.
Right, right.
Wow.
What a world.
What a market, man.
There's a very different conversation that we've had in the past.
I can't wait to see what the next one will bring.
George, thank you so much.
I think where can everybody, by the way, check out Clash Royale play with you?
Well, the website is called George plays clashroyal.
dot com so they can just go to it see everything about the project tournaments and about clash
picks and about everything else that we're doing or just go to my channel cryptos are also in
the description you'll see it see all the links to everything in there really interesting man you
give me hope that we can still build stuff that people will be excited about and that the token can
go up as a result it's been a while since we've seen much of that thank you and thanks for having me
on yeah man awesome thank you
