The Wolf Of All Streets - How To Invest In Everything Being Built On Bitcoin (This Is HUGE)

Starting point is 00:00:00 One of the biggest emerging narratives of this bull market has been everything being built on Bitcoin. It's becoming very difficult for me to understand what's real and what's just yet another hype cycle or bubble. But it does seem that everything that was being built in DeFi on other chains was effectively a testnet and it's all now coming to Bitcoin. Well, Alex Miller, who you've seen on this channel many times, has been building on Bitcoin for ages. I'm curious to hear his thoughts on what it's like to see now everybody piling into something that he's believed in for a very, very long time and to talk about how you can actually invest in this stuff or identify what's real. We're going to get into it now, guys. Let's go.

Starting point is 00:01:01 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 alex is on a limited time so we're going to get him on right now everything is being built on bitcoin everything you can get a peloton bike on bitcoin you can order your groceries on bitcoin now you can do your taxes on bitcoin literally everything's being built up it seems you've been here a while yeah and it only took like 10 years for everyone to make the round trip from uh feeling like they couldn't uh building on a bunch of other chains and doing a bunch of other things and then coming back around realizing oh wait we actually can build all of this on bitcoin so can we actually build all of this on bitcoin or is this a bit aspirational still i mean both like both. Like, you know,

Starting point is 00:01:45 there is obviously an inherent limitation on Bitcoin. You can't build a lot of this stuff directly on the chain. The op codes for it just aren't there. It's the whole reason that Vitalik left and kind of started Ethereum in the first place. But there is a whole bunch you can do and especially using Bitcoin layers

Starting point is 00:02:03 like Stacks and RSK and Lightning and the other real ones that are out there, you can go out and you can build anything that you can build on Ethereum, Solana, wherever else. You can ultimately come back and build on top of Bitcoin now. Okay. So talk to me about how that works, because obviously we see the pitches for Solana. I had Austin Federer on this weekend from the Solana Foundation. We did a long podcast, faster, cheaper, more scalable, all of those things. Obviously, we know that you're sacrificing something to do that. Anyone with a brain understands it's not the same as building on Bitcoin. But can Bitcoin layer twos get to that same scale, speed, cheap transactions?

Starting point is 00:02:46 Can it all literally be done there? And do we want to be on layer twos? Yeah, I think you're always going to take a little bit of a trade-off on different things, obviously, depending on the chain you choose. And the thing you're maximizing for on Bitcoin is the decentralization, the soundness of the chain, and the knowledge that's going to be around in 20, 30, 40, 50 years. Right. Oh, also asset value. There's more asset value on Bitcoin. Bitcoin just crossed back over.

Starting point is 00:03:12 Yeah, just TVLs, strictly like the amount of money there. Yeah. Right. It is the closest thing that we've got to an alternative financial system and to sound money outside of a government. And so if you want access to that, and you want to be able to unlock that value without having to use custodians and third parties and wrapped assets, coming back and building on top of a layer that's built on top

Starting point is 00:03:37 of Bitcoin is 100% the way you got to go. So the layers today are rapidly, rapidly improving. I'd say there's a bunch of us who've been building in this space for years at this point. And there's a bunch of other folks we can talk later about who are maybe coming in and trying to make you think that they're building on top of Bitcoin. The thing you're really, like you said, going to get right now building in the Bitcoin world is security, reliability and access to the Bitcoin capital. Speed on the chains are improving. One of the things that's happening is a lot of folks are thinking right now about how to do roll ups or other side chain type approaches. We're approaching this like with the Stacks ecosystem right now where, OK, how do we divorce ourselves

Starting point is 00:04:21 from Bitcoin block times, which are, you know, we call them 10 minutes, but they're really anywhere between like three minutes and an hour, depending on how long it takes people to solve a hard math problem. Which we have a very aggressive average, yes. Yeah, yeah, yeah. It's really funny too, because I totally took that for granted with Bitcoin when I first started in the world. And I'm like, oh, it's 10 minutes. And then I found out like, oh, no, it's not.

Starting point is 00:04:42 No, anyone who's like sent their sent their first bitcoin transaction 10 years ago or eight years ago or you know like uh 72 hours am i getting scammed what's happening here and actually i'll say you know having working on apps on bitcoin that's actually been the biggest frustration for me i think the biggest developer pain point for me with bitcoin hasn't even been like the lack of opcodes or things because those are at least known. It is like when you're trying to debug something and you don't know how long you're going to have to wait to like see the next transaction come through. So fortunately, what you're seeing with a lot of folks right now is, and as I said, like with Stacks and Nakamoto releases, okay, how do we actually divorce

Starting point is 00:05:22 our block times from the Bitcoin chain block times while still settling back onto Bitcoin and getting that speed? And you've seen, I think, some roll-ups on Ethereum even try and do this too, where even the 13 seconds block time on Ethereum isn't fast enough. So how do we get it faster there and get confirmations of transactions in between? Yeah, 13 seconds isn't fast, right? I mean, we know that Wall Street firms and we also, let's be honest, crypto is about speculation primarily. It's the main use case. Not saying it's not going to be the only use case, it's the main use case. And we know that firms on Wall Street literally spend billions of dollars just to cut milliseconds off of their high

Starting point is 00:06:02 frequency trading. So not only does every second matter, every fraction of a second matters, especially if we scale to be a real financial system. Can't wait an hour. Yeah. I mean, I think it depends on what applications you're doing. I think actually for most consumer applications, 10 seconds is fine. I mean, like one second is better. But if you compare it to how long it actually takes most credit card transactions to process, those are in the realm of five to 10 seconds. I think most consumers are fine with that. I think once you start pushing more than like 10 seconds, especially as we move into more crypto on mobile, like, it is very funny thing that the amount of time you're willing to wait on a desktop for a transaction to confirm versus on your phone for a transaction to confirm are very different because you know once you swipe out of

Starting point is 00:06:48 an app you're done you're not going back into that app for a while yeah i mean if you're like sending somebody a stable coin or something 10 seconds is pretty fine if you're doing weird derivative trades and trying to front run the market it's obviously not but i don't do that so i don't really care yes listen this is on your blog from Hero, building on Bitcoin in comparison to Bitcoin projects. There's a very long list here. I can tell you that just in my telegram, which I just ignore everything, I've got pitches probably for like 30 of these that just reached me. I have literally no, like I'm not a VC and I have no ability to vet these deals. I have no idea what it is, what's real, what isn't.

Starting point is 00:07:30 But I can tell you that this is where the hype cycle is happening. But still, as you say here, Bitcoin, Prodigy, Mainnet, you got Stacks, Lightning, Orditals, Rootstock, Liquid, Internet Computer, right? I mean, these are the ones we've heard of for a long time, right? So the stuff that's real and actually happening is last cycle. Exactly. I was going to say, if someone was not building on Bitcoin through the bear market, and I'll give credit to people who started in early mid 2023 as well, because I think, you know, one of the big drivers of why Bitcoin is going to be kind of the basis of this next cycle and why you're seeing, you know, you're absolutely going to see almost like ICO 2.0 of people

Starting point is 00:08:09 trying to build on top of Bitcoin and associate them with it. You know, it was ordinals a year ago, just over a year ago now that kicked off so much of this cycle and really just, I think, unlocked the imagination of a lot of people of what they could do and what they could build on top of Bitcoin. So if someone wasn't building on Bitcoin or at least trying to do something and you can't find evidence of them working on it since it like at the latest July of like 23, it's probably bullshit. And they're just trying to skate, you know, like be like, oh, yeah, we're totally building on Bitcoin and pull it again. There will be a couple. I guess the question is like, are they actually trying? Are they just cash grabbing? And right. Yeah, there'll be a couple of steps. Right, I guess the question is like, are they actually trying?

Starting point is 00:08:45 Are they just cash grabbing? And, right. Yeah, you'll see this, like a certain unnamed robot-oriented type thing, you know, announced last week that they are totally building a Bitcoin layer two and linking their chain to it. And like, it's a total fucking marketing.

Starting point is 00:09:02 Are they named after a video game where there's really fast motorcycles that are blue and red and you throw discs at each other? Classic 1980s shit. Yeah. I mean, come on.

Starting point is 00:09:12 He's talking about Tron and he didn't want to say it, guys. Yeah. I mean, look, and like, look,

Starting point is 00:09:19 I kind of can't fault him that much. You know, the guy's a marketing gene. Hops on every hype cycle of it. And I think it's just, it's evidence of just how much stuff is going to pile in and try and make themselves look like it.

Starting point is 00:09:32 And it's just going to be their same EVM chain, which is fine, no fault against EVM, but their same EVM chain with like a wrapped asset on it. And they're going to try and call that. And you can do that today with WBTC on Ethereum and get access to like the entire Ethereum ecosystem. So you're saying they're not building anything.

Starting point is 00:09:48 They're just effectively bridging or allowing you to use it with the Ethereum virtual machine. And you still are going to eventually have to get back to Bitcoin. It's not settling on Bitcoin. That's where this is going to get so confusing for people. Like, listen, the title, how to invest in everything being built on Bitcoin. I'm not telling, I know you can't tell us which projects are real. I'm just even looking for a broad stroke on how to figure out.

Starting point is 00:10:10 Yeah, okay. So here's the guidelines I'd give. Number one, if you just want the simplest bet, just buy Bitcoin. Man, that's easy. That's also the safest one. Now, I will grant, that's also going to be the least leveraged, right? You'll obviously, you're never going to, I think, over a long term. I'm sorry you might only double your money in this cycle or triple yeah but you're not gonna do poorly so if you can't invest in you know i i would just i had a baseline i would stick to bitcoin um like i said the second thing i would really look for is how long have they been building on this and in particular you know were were they building on this when Bitcoin was at 15K,

Starting point is 00:10:47 you know, at the bottom of the last, you know, of the bear cycle that we're hopefully coming, fingers crossed, coming out of, right? Go through, look at the history, see what they're doing. You know, the next layer down of research that you can do is really trying to understand what is the actual technical connection? Now, I will say one thing that is like really frustrating, and I think this is kind of true in crypto in general, but is really difficult with Bitcoin is nobody can agree on like what word definitions mean. Side chains, what's a side chain? What's a layer? What's a roll up? Yeah. Oh, my God. I can't. I can't enough. I'm, you know, like grown enough at the number of like inter-Sinai debates over it. But,

Starting point is 00:11:31 you know, at least try and figure out some level of what is the connection to Bitcoin here? Is it just that like they have a wrapped asset? Or is there some actually underlying technological connection to it? There's actually a really great developer named Bob Bodily that I'll retweet one of his, do you know Bob? No, I just love the name. Oh yeah, great name. I was gonna be like Bob McBobberson, you know, Bob, Bob, Bob Bodily.

Starting point is 00:11:57 Anyways, Bob's a Bitcoin developer. He's building actually on ICP and, you know, the Finity ecosystem. He does amazing, really, really accessible write-ups of like kind of the technological innovations that are going on on Bitcoin. Every time a new thing comes out, he'll do the deep dive and write it up in a very accessible way. So I'd say absolutely follow him, read his write-ups on things. And he'll, you know, when you find trustworthy folks like that too, they'll obviously be talking online on Twitter to other trustworthy folks who are doing these kinds of good analysis and can, you know, give you an idea of like, is this actually a real thing that has a connection

Starting point is 00:12:41 and has value to it? Or again, is it just like kind of a marketing hype cycle? Yeah, I'm already getting whiffs of Long Island blockchain iced tea. You know, people who don't get the reference in the, not in the last cycle, I guess two cycles ago, all of a sudden you saw companies just adding blockchain to their name when they had nothing to do with it,

Starting point is 00:13:00 just to see, and that was a stock, right? That just to see the value of their company go up because they said blockchain, right? And this reminds me of last cycle in Ethereum ecosystem where you had DeFi summer and then every layer one was just DeFi layer, right? And then you saw NFTs and it was like, oh, well here we're an NFT chain. Then you saw Metaverse and then they were Metaverse chain and a gaming chain. And I understand that everybody wants to be everything, but I'm finding it pretty unlikely that all of those things can come effectively to Bitcoin. I love that people are experimenting and that they're trying, but are we really going to see AAA games on Bitcoin? I don't think we're really going to see AAA games on crypto. No, I mean, look, I think the stuff you're absolutely going

Starting point is 00:13:46 to see this cycle on Bitcoin, number one is you're already seeing NFTs and ordinals, right? You've already got plenty of time periods where Bitcoin ordinals are outperforming, out-transaction voluming Ethereum NFTs. That's only going to increase, right? Because people love the images and the data is actually stored on the chain. It's the core value prop. That's only going to increase, right? Because, you know, people love the images and the data is actually stored on the chain. Like it's the core value prop. That's not going anywhere. It's only going to grow. Number two, I guess this one actually caught me slightly by surprise.

Starting point is 00:14:14 I thought BRC20s were not going to last the way that they have. But man, people love a damn meme coin. People love meme coins. So yeah, meme coins on top of Bitcoin, BRC20s are absolutely going to be sticking around. And then DeFi. And DeFi on top of Bitcoin makes more sense than DeFi anywhere else. That's the one thing that I don't question in any way, shape or form because of the liquidity and the value of the layer and the security needed to run a financial system. It seems like DeFi is a natural fit to be on top of Bitcoin. Absolutely. Now, I think you're

Starting point is 00:14:52 going to see a couple of different styles of it. Let's call it, you know, a lot of the DeFi that we saw built in 21 in the Ethereum ecosystem was what I'm going to call super degen DeFi, right? And like, obviously, that didn't end great for a lot of things. in the ethereum ecosystem was what i'm going to call super dgen d5 right and like obviously that didn't end great for a lot of those guys let's go yeah uh people i mean i i'm talking i'm only talking about the 20 apr returns not the like complete scam that was interesting death by yield yes of course yeah um i i think what you're going to see get you'll you'll absolutely see some of that get built in the Bitcoin ecosystem because people are going to again, it's a money grab. People are going to try and get people to put in their money into 20 percent yields and then they're going to get screwed and it's going to suck. But whatever. But I think you're going to see a lot of like real Bitcoin yield stuff that looks more like, you know, three to seven percent, you know, five percent range yields,

Starting point is 00:15:46 stuff that is actually real, like yields genuine DeFi stuff that is sustainable and can last and is really built to appeal more to like at the end of the day, the average Bitcoin holder and investor is more conservative than the average like Ethereum investor. We've saw that over and over again through the last few cycles. And so I think you're going to see, you know see a lot of DeFi get built that's meant to appeal to people who are hardcore hodlers, who are worried about counterparty risk, who understand what counterparty risk even is, and actually want something where they can earn some yield on what they're doing, but aren't willing to take a lot of risk against their principal for it.

Starting point is 00:16:24 Right. And hopefully this time it will be transparently presented as to what that risk is in advance of making those decisions. It won't be obfuscated in the background by promises and lies. And right. Yeah, I will be very curious to see how exactly this cycle plays out on that front. So what are you? Yeah, I don't have much confidence. I was being sarcastic.

Starting point is 00:16:48 We're going to do all the same stupid things. We're going to meme coin ourselves to death. We're going to have 9000 projects that completely fail. And it's fine. That's the way that humans are going to human. But so what are you specifically? Yeah, go ahead. Oh, I was going to say, if I could sing, I'd start singing the circle of life for you.

Starting point is 00:17:04 Yeah, it is. Exactly. what what are you specifically focused on knowing that all of a sudden we can do everything that's ever existed on bitcoin uh but you were already building before we could do everything that ever existed on bitcoin so what is your focus at hero obviously you guys build on stacks for anyone who doesn, Stacks has seen pretty insane movement as this Bitcoin movement has kind of progressed, which is great. So what are you focused on? Yeah, so we focus on two main areas. We focus on Stacks as a layer two, and we focus on like Ordinals as a layer one, because we think there's a lot of... And actually, we're starting to play a lot more too with BitVM VM on the layer one which is another really cool project that's very early stages

Starting point is 00:17:49 but we think has huge huge potential especially when it comes to just your trust assumptions and so there's a lot we're looking at there too so our goal is just making life really easy for developers we want you know as you said we've, we've been in this space for a long time and we've had a really big belief. We've been saying for years that like the most contrarian bet in crypto is that everything's going to come back and get built on top of Bitcoin. And so we've been laying all of that groundwork for it. So like for Ordinals, we have APIs and explorers. I think we have the best, fastest explorer for Ordinals that's out there. We also have the best API that's out there. If you Google ordinals API, Hero will come up number one for you. On stacks, same deal. We've got stacks.

Starting point is 00:18:34 By the way, just quickly for the less technically advanced, what does it mean to have the explorer and the API? What can you do with the API? Oh, yeah. So the explorer is anything you want to see about and interact with your ordinals. You go there, punch in a wallet address, punch in an ordinal ID. It pulls up all of the details about it. You can see everything about it,

Starting point is 00:18:55 the trade history, whatever you want there. And then the API is an application. Ether scan for ordinals, yeah. Yes, ether scan for ordinals. APIs are all about just programmable data accessibility for developers. So anyone who's building any kind of website that wants to interact with ordinals or with stacks,

Starting point is 00:19:13 boom, you just connect to our API, which is free, and you can pull all the data you want. So those are the things that underpin and power basically any website that you're using ever at this point. And then for Stacks, we also build a whole bunch of tools for developers like SDKs and IDEs, Hero Platform, where you can program everything you want, write, test, and deploy contracts in five minutes. So at the most basic level, you are creating the tools that developers need to do all these things. You're not necessarily building the things yourself. You're not building a metaverse on Bitcoin.

Starting point is 00:19:49 You're building the tools that somebody could attempt to build a metaverse on Bitcoin, although I'm not sure why they'd want to. All of our metaverses suck, by the way. Yeah, I'm glad to the metaverse. Although I guess with Apple Vision Pro, maybe metaverse is going to come back and try and be a thing again. I think metaverse will be a thing. I just think the crypto ones are going to like, you know, in the last cycle, I was like, why would I want to be in a centralized Metaverse? I still don't, by the way, I don't want to like live in the Zuckerverse or anything. But like Meta is

Starting point is 00:20:14 probably going to do a better job of the product, maybe than some crypto guys. That's probably true. Yeah. I'm not going to be in either. But yeah, we got a little more incentive to make it work too. Yeah. Yeah. That's for sure. So, I mean, most of this is going to be hype. We can agree that we're going to get a hype cycle. We're going to get a bubble and just like every other cycle, then we will see the best projects emerge. And so I agree with you sort of as the thesis to how this is investable. And I still think the ones that

Starting point is 00:20:45 were there in the last cycle are the best bets, which is weird because generally you say in crypto, certainly with the ICO boom and all of those, no coin really outperforms Bitcoin over the long term, right? They get their big move and then it's just sort of a slow bleed into infinity. But this is sort of different. I think we have a new market here. You know, I really like what you guys are doing. I like stacks. I'm friends with a Don Yago. I really like sovereign, you know what I mean? I just think cool dude and what they're doing. And they've been around for a very long time. So I think this is one of those where you should take a very concert, you should always, but to take a very conservative approach and really do your research before investing. Cause like you just buy some BRC 20 token, what are the odds you're going to actually make money? Yeah. And again, there's so many

Starting point is 00:21:29 people who are going to try and market against this as everything's ripping. But I will say, one of the things that makes me optimistic, if you look at the amount of hype that there was around Bitcoin the last time that it was sitting at 50K versus i wrote an entire newsletter on that oh yesterday or two days ago i said it was like lambos and laser eyes we were at 50 and now it's crickets yeah ethereum just hit three thousand dollars not like whatever nobody cares and that is the strongest like best friggin sign that i think you could have um the fact that like it's boring that we're crossing some of these targets and and and that you know usage could have. The fact that like, it's boring, that we're crossing some of these targets and, and that, you know, usage is going up. I mean, that's the other thing. If

Starting point is 00:22:10 you just look at like numbers of active wallets, number of active developers, and a lot of these ecosystems and things, the fact that like, all this is happening without that much hype and without like, you know, CNBC or CNN constantly trumpeting. I mean, they obviously do it some, but like without the constant hammering that they were before is like the best sign for me like when crypto is boring it's good yeah i totally agree it's when you start hearing about ordinals from your barber it might be time to start uh thinking about the top being in yeah that that might be the case yeah yeah and i think it's gonna happen i think it's going to happen. I think it's going to happen this cycle. Always just dollar cost averaging to Bitcoin. And you'll, this is not financial advice, but I mean, come on, DCAing Bitcoin is a pretty safe bet.

Starting point is 00:22:51 Yeah. You just have to show the math historically. So what happens with all of this when the halving hits and the supply cuts in half? And I have to imagine that's technologically challenging for people who are building on it. Certainly going to be a massive bleed out for a lot of miners. I mean, is this just going to be like the other ones? Or are we going to see something different this time because there's so much activity? So I mean, look, this is one of the reasons that I and a lot of folks have been so bullish on ordinals from day one is it was very clear like that this is the way to drive up transaction fees and the only way to secure the bitcoin network as uh the block reward goes down

Starting point is 00:23:30 is higher transaction fees right like there's no two ways about it personally i've got i've got an asic sitting in my garage uh using up my excess solar power and heating my garage during the winter uh so i really like the high transaction fees when they're happening. In terms of what happens, actually, on the miner side, I don't think you'll see that big a move. If you think about it, even with the block reward getting cut in half, with Bitcoin at 50K plus and half the block reward, miners are still making more money and it's more economical than Bitcoin at 20K with twice the block reward, right? Most Bitcoin miners are just arbing the cost differential basically between what it costs them to run the miners and what the Bitcoin that they earn is worth. So I don't think you're going

Starting point is 00:24:16 to see a huge shift. Obviously some older, less profitable, and hardware are going to drop off. But those will then come back online once there's, if the price goes up and, you know, everyone's always constantly dropping new mining hardware. So that'll stay in stasis. Obviously a lot of folks are expecting the price to go up just as it often has in past having years, or maybe it's more about presidential elections in the US, or maybe it's the Olympics.

Starting point is 00:24:47 Who really knows? But again, I think it comes back to activity on the network is really increasing dramatically. A lot more stuff's getting built. So the fundamentals of it are getting stronger. And I think that's ultimately what's going to drive the price and adoption of Bitcoin far more than like weird technical

Starting point is 00:25:06 analysis charts based on- Yeah, I've never looked at, I've literally never looked at the halving chart or the four-year cycle versus hash rate, but I know that we are just skyrocketing on hash rate, making new all-time high after new all-time high after new all-time high. Is that similar to previous halving cycles? I feel like it's not. No, I mean, I think it's, again, I think there's a lot more hype and drive right now. And like the price appreciation has started earlier than a lot of past cycles, which is why you're seeing, again, the more the price goes up, the older and more expensive, the older the miner and the more expensive power you can

Starting point is 00:25:39 make it work with, which is why hash rate has kind of gone up dramatically in the last six months. Yeah. Unless you got, we got two minutes left. How much has the ETF impacted all of this? Massive. Bitcoin builder. Massive. Well,

Starting point is 00:25:53 so as a builder, I mean, look, I think as a builder, institutional adoption is important, right? The other thing is a lot of builders hold Bitcoin and use it. So obviously like their finances look better today than they did six months ago. But I don't think it's an exaggeration to say that like what we

Starting point is 00:26:09 have seen over the past three weeks out of the ETFs has exceeded even like the most bullish expectations on inflows. I think it's also a really funny chart where the ETFs did the very classic thing of like a bunch of speculation going into the ETFs. Everyone sells the news and it starts to drop off. But then we're genuinely getting a billion dollars, a couple billion dollars a week worth of inflow and buy pressure from these things. So turn right back around. Just like the halving. That was my base case was that the ETF will be a very quick version of the halving cycle it won't take six months for us to see the fundamentals kick in but you get the washout and then and then

Starting point is 00:26:49 the bill dude i know you got to go everybody someone who bought uh the coinbase ipo and then had to massively massively cost basis down on it same very happy that i'm now back above water on that one same it took a long time but the funny thing is it took like a couple years which yeah it really didn't take that long. It feels like an eternity in this industry, but it's not actually that long. Yeah, absolutely. So, guys, you can follow. Where should they? Well, that hero blog is a hero. So so slash blog is a great place. I'm Alex L. Miller on Twitter. Yeah, those are two best places. And I see it got light outside and i can now see the snow in

Starting point is 00:27:25 your background uh you can in fact yes enjoy the snow i'm in florida we don't do that no i would not think so so all right alex man thanks man we'll speak soon see you later man thanks bye and guys so listen we're uh we're flipping some format here just you know usually you would see john wick coming on right now with training alpha. I like talking with Wick so much that we're starting a completely new show together. We're going to try more in the mornings to keep it interview and news and informational based. And then I'm so dumb because I hate free time and my life and apparently hanging out with my family and friends. But because I've enjoyed doing Market Mavericks on Thursday afternoons, I'm adding a Wednesday show with WIC. So every

Starting point is 00:28:12 Wednesday afternoon, 3.30 PM Eastern Standard Time, we're going to do a show called Trading Alpha. And we're just going to share our favorite setups and charts. More alpha, more trading focused and separating that from here in the mornings. We'll be figuring out obviously what to do with Dan Chartguys and Inks and Chris Inks, Texas West. We want to keep them obviously involved, but the idea is to do more like alpha trading focused content in the afternoon as we come into a better market and to keep the informational content and interviews and guest-based content in the morning. As always, I will always have a guest with me still also in

Starting point is 00:28:50 the afternoon because I want them to deliver the alpha. I want to ask the questions and get that out of you guys. So very exciting. We're going to be doing that. So you guys should start to set your alerts on the YouTube because I'm going to be on in the afternoons as well. Two shows a day, just like back in the day. So make sure you subscribe to the channel. Do all that. Now, guys, there's something else that we absolutely have to talk about. I'm not leaving yet.

Starting point is 00:29:16 And that is the fact that John Deaton, one of our favorite guests, I have him on spaces here a million times, the ripple hero, crypto hero, American hero, is running for Senate against Elizabeth Warren in Massachusetts. Do I think he has a chance? Sure. Why not? Why not? Is it a long shot? Sure. Of course it is. He's going against the most established member of the machine in existence, but she's also crypto's final boss. Take out Elizabeth Warren, take out the anti-crypto army, take out the influence on the White House and the SEC that has been attempting to crush this industry for the past few years. I'm going to play you guys his video right now. He told me, mentioned that Coinbase Pay is not up yet for donations. It will be in like 24 or 48 hours, but you will all obviously be able to donate with crypto. Guys, I don't live

Starting point is 00:30:19 in Massachusetts. I can't vote for him, but I'm going to the mat on this. You're going to hear me talk about this endlessly. This is really important, really important, but let's watch this. Highland Park, Detroit. I grew up in real poverty in a dangerous, violent neighborhood. I got beat up, but I fought back. I learned life's lessons, and my motto became, no fear and never give up. My mom, my hero. A single mom on welfare and food stamps who worked as many jobs as she could just to put food on the table.

Starting point is 00:31:00 Most of the times, it was just beans and cornbread, but she did her best. They called me white trash, but I made it out. the table. Most of the times it was just beans and cornbread. She did her best. They called me white trash but I made it out. It wasn't easy. I was the only one in my family to graduate high school. I worked my way through college and New England School of Law. Living in Roxbury, I joined the Marines, fought addiction, cancer, and mountains of debt. No fear. And I will never give up. After law school, I got married, became the proud father of three amazing daughters, and built the law practice. I fought for the little guy.

Starting point is 00:31:39 I took on the greedy corporations and the heartless insurance companies, and I won. I took on the Washington insiders, and I won. I am running for U.S. Senate to continue my life's mission to shake things up for the people who need it most. Take on the drug and insurance companies for better, more accessible healthcare. Instead of just pointing the fingers at each other, actually work to solve the migrant crisis. Fight inflation that's crushing working families.

Starting point is 00:32:14 Work for better opportunities for children. Take on Washington corruption and the division that's killing this country. We need term limits for these career politicians who have simply forgotten who elected them. Elizabeth Warren, well, she promised to be a champion for those in need. Instead, she gives lectures and plays politics and gets nothing done for Massachusetts. I will work day and night to make a difference in your life. I know your life struggles because I've lived them. I know your dreams and your hopes for you and your family because I share them. I will fight for what is right because I have no fear and I will never give up.

Starting point is 00:33:02 Love that guy. Listen, we're going to figure out how we can support this at the very least let's be honest anything that brings negative attention to elizabeth warren on a daily basis is going to be a win for us and for our industry hope he wins obviously and i don't even play politics. You guys know that. I'm unaffiliated. I don't have a party affiliation. I find it disgusting. I would love to have a third party. I feel like there's two parties and then me orbiting the earth, oblivious to all of it when I can be. But there are certain fights that are worth taking, certain fights worth having. Now, you guys are asking for a link and I'm not even sure there is one yet. I'm going to go look on John's page and see what we can find. It's funny. He hasn't even tweeted it yet.

Starting point is 00:33:50 I love it. Guys, I'm going to be sharing with you quite a bit, and so we will get there. But all you have to do is find John Deaton. He is on Twitter. His name specifically, I don't want to give it to you wrong, John E. Deaton 1, J-O-H-N-E-D-E-A-T-O-N 1. I'm sure that we will find ways there. Man, if I live in Florida, I'm going to donate. If you live in somewhere else in the world and you believe in crypto, you should donate because everything that happens with Elizabeth Warren hurts the industry, both in the United States and abroad. I know that John has no real interest in being a politician. He's doing this because he believes he can help and it's the right thing to do. And I don't think this is a guy that's going to get chewed up by Washington.

Starting point is 00:34:35 So guys, I will be back obviously tomorrow morning with our normal show and Crypto Town Hall, 1015 a.m. Eastern Standard Time. Mark down your calendar tomorrow, 3.30 p.m. Eastern Standard Time, starting with WIC new show. Afternoons, you're going to start seeing my face a lot more. I apologize that for advance. It's not that great. Love you guys. Support John Deaton. Let's go. See you tomorrow.

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