The Wolf Of All Streets - Institutional Money Floods Crypto! Mark Yusko Explains the Big Shift

Episode Date: August 27, 2024

Latest in crypto with my favorite Mark Yusko! COMING SOON! https://www.thewolfofallstreets.com/ My friends from The Arch Public, Andrew Parish, and Tillman Holloway, are joining in the second part of the stream to provide an update on the $10K algorithmic portfolio.  Unleash algorithmic trading with The Arch Public: https://thearchpublic.com/  Andrew Parish: https://twitter.com/AP_Abacus  Tillman Holloway: https://twitter.com/texasol61  ►►GET ON ROUNDTABLE AND INTERACT TO EARN RTB REWARDS 👉https://roundtable.rtb.io/shortUrl/ofgXS4c ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/   ►► The Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities!  👉https://thearchpublic.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 '10OFF' for a 10% discount. 👉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  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 #Investments The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Bitcoin may continue to trade sideways as we end the summer, but I think it's fair to say that the institutions are coming. It's like Paul Revere. The institutions are coming. The institutions are coming. Or they're already here, but those that are still coming, according to Matt Hogan at Bitwise and others, are likely to be here by Q4. What does this mean for the future of Bitcoin and crypto? We're going to talk about that, but I've got Mark Yusko, so and crypto? We're going to talk about that, but I've got Mark Yusko, so who knows what we're going to talk about. I just know that it's going to be interesting and I'm going to learn a lot and so will you. Let's go. Good morning. Good morning. I am good. Although, you know, we were talking before air, lamenting a little bit that that summer's almost over. And, you know, you mentioned that here we are, the end of summer and Bitcoin's kind of languishing. I actually prepped for that. So I am wearing the hopeful green candle pants, but I'm wearing the Bitcoin roller coaster sock game.

Where's our volatility? Yeah. Because the thing about roller coasters, right, is everybody thinks of the ups and downs, the whoop-de-do's. But the real thing about a roller coaster is you end up in the same place. You take a trip and you end up in the same place. You take a trip and you end up in the same place. And we've been stuck on this roller coaster since February, the end of February. And, you know, we've had these, you know, kind of where we lock in the track and go up and then we come down and then we go back.

The one thing that has me nervous, Scott, is you could look at the chart and say, oh, yeah, this is just a normal consolidation pattern. We're range bound between kind of, you know, 50K and 75K. And we're just we're just prepping for the next major assault. You could also look at it and say it it's a little distributive, right? We've had three lower highs and three lower lows. We really need to take out 68.6 in the next run. And if we don't do that, I start to get a little nervous because you talk about, you know, the institutions are coming, institutions are coming. Paul Revere was right with one caveat.

The institutions, the biggest ones, the ones that everybody, you know, brags about when the 13 F's come out. Oh, Millennium has $2 billion of Bitcoin ETFs. No. I mean, yes, they do, but they're short $2 billion of futures on the other side. They have zero net position. And that future selling is causing this whoop-de-doo pattern. And I keep going back to the 2017 quote from Leo Melamed, right? So in 2017, last bull run, I mean, not the last bull run, but the bull run back then. And everyone was starting to say, hey, this thing is here. And the big banks were like, F that.

No, no, this needs to go away. This needs to be killed. And Melamed, who runs the CME, said, we'll tame Bitcoin. I'm like, that was an interesting choice of word, right? That, you know, wolf of all streets, right? You know, wild animals, we've got to tame them. And no one really paid attention. And actually, you and I did a show. It was either on the 9th or the 10th. I mean, it was literally right as

the ETFs were getting approved. And I said that everyone's focused on the ETF approval. And that's awesome. But what they're not focusing on is on the same day, January 10th, the CME approved a whole slew of other futures contracts. And the problem with futures, and this is, again, a dirty little secret that it's like, watch the airplane, look out for the submarine. Everybody's like, oh, this is not a security. Bitcoin is not a security. Ethereum is not a security. Be careful what you ask for, y'all. You got exactly what they wanted. It is deemed a commodity. Why does that matter? Because commodities can be and have been been controlled by the price, by this futures morass. Because in the old days, if I wanted to sell you a barrel of oil, I actually had to have a barrel of oil that I could get and put on a truck or in a pipe and send to you. But once futures came along, I don't have to have any freaking oil. I can create a barrel of oil out of thin air. I can increase the supply of oil on paper. And as long as we settle the contract before I have to go get some oil and deliver it to, I can mess with the price and look at gold. Gold's been spoofed for almost a decade now. And same thing in other

commodity prices. So we all think we won the war, but be careful of the other side. They're not as dumb as we think they are. I mean, maybe Ms. Warren is, but most of them are not as dumb and common. Wall Street isn't. The politicians might be. The politicians might be. Most politicians aren't. I think that's a fair point. Listen, the entire world finally got to see what the carry trade can do. Right.

Looking at the Japanese yen a few weeks ago on Black Monday, as that trade unwound because of the quick price action on the end. That's what you're describing here effectively with Bitcoin, right? And we saw it multiple times. I mean, the deadest top of the market was the approval of futures in 2017, right? So the minute that that trade came into action, Bitcoin didn't see $20,000 for a couple more years because it was the dead top of the market. I guess that begs the question. A lot have been cheering for options on the ETFs. Options are different.

Options will help. That's just a more efficient market as opposed to just being able to do it. No, options just increase speculation. Look at the S&P and NVIDIA and Tesla and all this nonsense that's going on in the quote-unquote equity markets. Remember, an equity used to be an ownership right within a business. You owned a share of that business. Options are not that. Options are literally a lottery ticket, a gamble, a speculation. Now, they can be used by hedgers in normal course of

business. Fine. Usually, hedgers use futures. But options, they are mostly speculative gambling devices that have 10 times leverage. And look, putting 10 times leverage on an 80 vol asset is dumb. Putting 50 times leverage you can get in the futures market on an 80 vol asset is really dumb, but people do it. And anyway. But the ETFs themselves have continued to see massive inflows, even as that price volatility has has happened. I love the narrative. BlackRock owns this much Bitcoin. It's like, no, I mean, their customers technically hopefully own that because they're the ones who have bought the ETFs, right? If BlackRock owns it, I think we're in big, big, big trouble. No, we're still seeing massive inflows. Two hundred and twenty four million alone into BlackRock yesterday.

For those who haven't been paying attention, the ETF actually already a billion inflows just to BlackRock alone, even though those have been a bit underwhelming. There's still a lot of money coming into these things. It is, but remember, it's not net. It's not the money that we want, right? Hunter and Matt and those guys fighting the good fight, hand to hand, going to the financial advisors and getting them to change their portfolio to hashtag know, to hashtag get off zero, right, which you and I have been talking about for years, get off zero. That that's still coming, right? That's, that's probably worth 300 billion of, of asset flows into Bitcoin. That's just 1% of the 30 trillion that's out there. So we're a long way from getting those. What's coming in now, those big numbers, especially the BlackRock numbers,

are literally Millennium, Citadel, Sovereign Wealth, all these people who are doing this structured trade where they are long the ETF and short the future, and they just arb the spread. And that spread used to be, for a very short window, as high as like 30%. Now it's down, I haven't looked lately, but it's around 10, maybe it's high single digits. We need it to go below the cost of funding because then the incentive to do that trade dissipates. And yes, the flows will look bad, but there'll be real flows. There'll be flows of people who are buying, locking up, and using it as the diversifying asset that it should be in a traditional portfolio. So very difficult right now for us to see what's actual demand and what's just a part of this trade. Yeah. And look, trading isn't bad in and of itself. I

mean, there is demand for iBit shares. There is. But the problem is the price of Bitcoin is also impacted by the futures market. And this is one of the things you can see almost just about every day. You get these big drops like $1,000, $1,500. It's like, whoa, what's going on? Who's selling? No one's selling. No one who owns Bitcoin on a ledger or a treasury is selling. No one. No one who owns the ETF is selling. It's these futures selling and that changes the price because there's a little quirk on how ETFs work. ETFs don't trade all day long, right? They trade in a very small window at the end of the day. So it's logical if you got a big order, you know, you got a big order, your black wrap, and you have to fill that order with Bitcoin,

you don't want the price high. You want the price low. So you actually, somewhere else in your book, might, not accusing anybody of anything, you might go out and sell the shit out of Bitcoin to push the price down so you can buy it for cheaper. That tends to happen on Wall Street all the time in all assets so you know if you really want to buy a lot of something you don't tell everybody you love it you don't go out and buy it you actually go short a little bit and you tell everyone you hate it you sell it down to the price where you want to find liquidity i mean you see it on charge all the time if anyone's wondering why there's always a support line and a resistance line, you see a wick

above or below that, and then it bounces really hard because somebody pushed it there to find liquidity. That's where either the short or longs get liquidated, which become either buy or sell orders that are forced, or where people have set their stops above and below resistance and support, which are the

kind of orders you need. That's how liquidity is engineered. If you set stop losses, you are basically giving, you're donating money to the smart people. I mean, the people that do it for a living. I shouldn't say smart. It doesn't mean you're not smart. It just means you're not a professional. And, you know, I don't know. It's a really interesting thing. In most other businesses, just about every other business, people don't think they're as smart as the experts.

Right? Have you ever done surgery on yourself? Have you ever given yourself a haircut? You know, some people, I mean, if you have really short hair, you can do it. COVID. COVID. But I mean, why do we all humans believe we are the smartest investors? When there are professional investors, people who do this, you know, their whole life on the other side. And if you're not at least asking the question, if I'm buying this, who's selling it?

Because I always love, are there excess buyers in the market today? No, there's not. There's an equal number of buyers and sellers every single day. Every day. And so if you're selling, someone's buying. If you're buying, someone's selling. So think at least for a minute, what does that person or persons know that I don't? Now, if you're doing what I suggest with Bitcoin, which is just buy it, hashtag just buy it. I don't mean buy it all at once. I mean, buy some today, buy some tomorrow,

buy some next week, buy some the week after, buy some next month, and just accumulate your position over time in the most valuable network the world has ever seen. And I actually will stand by this statement, at least as far as I can see in my lifetime. I think it's unlikely that we'll ever see a more valuable computing network in my lifetime. Now, I hope to live a nice long life, but this is a confluence of many events, technological trends, human trends, monetary trends. And this unique functionality isn't going to be replicated in the near term. And it's not going to be displaced in the near term. Because migrating from trust, which had an 838-year run, let me just let that sink in for a second. The trust industry, the banking industry, invented 838, 839 years ago, has had a good run.

And now we have the truth industry, which is blockchain based, Bitcoin anchored, that's a superior technological advancement that is unlikely to be displaced anytime soon. It doesn't mean never, ever, ever. I mean, there could be something that I can't imagine with quantum or something, but I'm not going to spend my time worrying about it because when it comes, we'll deal with it. So we have this long conversation about institutionalization and flows and options

and leverage and all the crazy things that can happen at the end of the day. Just buy it because it should go up. I mean, we talk about that. No, no, no, it shouldn't go up. No, no, no. I'm going to correct you. The denominator should go down. Bitcoin doesn't go up.

The denominator should go down. One Bitcoin is one Bitcoin. Bitcoin doesn't go up. The denominator should go down. One Bitcoin is one Bitcoin. Bitcoin stays Bitcoin. The currency we denominated in, dollars, yen, euros, renminbi, goes down. That is functionally what we're talking about. If all fiat currencies stopped printing money, Bitcoin would not go up, right? Other than daily supply and demand and the price would move a little bit for buyers and sellers. The reason a store of value, gold and Bitcoin, rise and housing to an extent and some other things is not that they go up.

It's not that they get better. It's that the money gets worse. I love this guy, Super 70s. Do you follow him on Twitter? Oh, you got it. This guy. Because again, he's probably a couple of years younger than me. And we share all of these memories from Slurpee Cups to baseball.

I have some 80s ones like that. Yeah. And he's awesome. I mean, he's known for his comment, you know, baseball ones like that. Yeah. And he's, he's awesome. I mean, he's, he's, he's known for his, his comment, you know, that sweet bastard and all this stuff, but love the guy. And, um, he, oh, shoot. Now I lost where my train of thought was going with that. I'm assuming all the time. I said all the time, what's the price, the lowest price that you remember for gasoline? And I'm old, right? I remember 33 cents.

Totem Lake, you know, near Kirkland, in Washington State, 33 cents. I'm 16 years old, first car, and 33 cents. Now, if I don't have a gas car, I have an electric car, but a little Kia, which I love. I never buy a Tesla. I'll get my Kia. But if I were to buy gas, I just drove by it this morning, $4.33. It's the same gallon of gas. It does the same thing.

It's a little less good because it's got ethanol in it now. But the gas did not get better. The money got worse. And I could have bought a can of Coke for 25 cents. And now it's almost $4 in some places and all these things. It ain't the one I just rail about. According to Zillow, my house here in Chapel Hill, North Carolina is up over 50% in the last two years. No, it's not. My house did not grow. My house did not get more efficient. It didn't add any more rooms. It actually wore out. I had to put money in the gutters and I had to fix a crack here. And some flying squirrels burrowed into my soffit. And

here's a fun fact for all you guys oh those things are disgusting they destroyed my last house they oh no they're totally they pee in the same place it's like they have a latrine they don't pee all over the place they don't wow it's crazy so i had like an army of people with traps trying to get rid of that i had a white house and apparently they're attracted to white houses i have i have the white sock exactly yep yes great yeah that's uh and that was all during covid i remember that well so listen that we talk about the seasons of crypto then right or bitcoin and we we the thaw. Do you still think then that we have this massive move for your cycle? We're in crypto fall. We're in the first third of crypto fall.

Crypto fall started in May-ish. And so I guess we're in the first quarter of crypto fall. And the last half of crypto fall is going to be unbelievable. I mean, it's just, I've said this before, this is going to be the greatest Thanksgiving Bitcoiners have ever experienced because we're finally invited back, right? We haven't been invited. You know, we've been persona non grata for the last couple of years. And this time we're going to be welcomed in with open arms and the run is going to have started. CNBC with Brian. And it's the early morning show. It's 5.30 Eastern time and I'm in Tulsa. So it's 4.30 and I'm on there propping my eyes open with toothpicks because I hate morning. And I talk with him about Bitcoin. And inevitably, this is going to be an amazing conversation because I think that's going to be the beginning. And from November to call it March, April, when we start to peak toward crypto winter,

I stand by my call that we'll easily see six figures and how high into six figures like 120 130 150 i don't really know um just depends on how much leverage comes back in the system all i know is two years ago i had to explain spf to everybody at thanksgiving and i i know it sucked that was that was the worst the worst 2022 and even last year wasn't really great. Last year sucked too. Yeah. Look, when things are running, hey, you're that guy. Hey, come over here and talk to me.

When it's not running, why are you here? I thought we disinvited you. And it's not that extreme, but I do think this is going to be a really important time. And it's mostly just supply and demand in that the ability to spoof the price in the futures market does go down over time. If you look at gold, when the gold ETF came out, it took nine months before gold got back to the price it was before the ETF was launched. And it was like, whoa, what happened? Think about it. The reason the gold ETF was created was because JP Morgan was actually short two times the world's gold. Just let that sink in.

How do you know that? Because a friend of mine who runs a giant hedge fund actually went through the 400 pages. I'm sorry, not 400 boxes, 400 boxes of documents that were posted on the internet after the gold financial crisis when they got bailed out. So long story short, they were short all this gold. And so they said, so they delayed the release of GLD for three years, three years. And then finally said, okay, now we're short. So now you can have the Patsy Longs come in and take the other side of our shorts. And so they spoofed that price for nine months before- And then they let the floodgates open. No, because what happens is, remember, the futures price is higher than the spot price

because we're optimistic humans. And when that spread is really high, there's a huge windfall to short the future and buy the spot. But as more people do it, the spread closes. And when the spread hits the cost of financing, game over. I mean, not game over like bad stuff happens. It's not. No, then they all just get long. Then they all just take the spot long positions and ride it to Valhalla. Exactly.

Win on both sides. I mean, that's, yeah, that's the point. There's one other thing we got to talk about before I let you go. It's obviously Pavel Durov. Oh, you are not terrified. If you're not terrified of this, you're not paying attention. Scott, this is so scary and so frightening and look we could say the same thing about about ross i mean about the the two programmers for tornado cash i mean this is worse this is worse this is

crazy if you look at the charges it's all effectively as you hear complicity, complicity, refusal to communicate. So his crime is that he didn't communicate with governments who are trying to open a back door and that everything that happened in the platform he's complicit with because it happened. I mean, I say this over and over again, but it's basically like saying Steve Jobs and Tim Cook should be held accountable for any drug deal done using an iPhone. Oh, come on. I saw the great thing about keeping it with the French, right? Here's a warrant for the maker of Bic pens. Because people have written out bad, they've written out deals for drugs and assassinations and all kinds of, and with Bic pens. And they've made comments that offend people.

Look, we are going down a very dystopian communist, like create actually worse than communism world. And it's, it's horrific. And we could, we don't have time to go into why it's happening and who's behind it and all this good stuff. But if you look around at Canada and France and the US, it's these places that are complicit. They have puppet leaders, weak, dumb, dumb people, dumb people in positions of power who let the powers that be create this Gestapo state. And I intentionally choose that term, where, I mean, think about in

the UK, same thing, okay? I mean, he's a nice- I'm in jail for a meme. He was installed. I mean, you can retweet something and get arrested. I mean, our right to expression, and it probably happened right now. So one time I was doing a show like this, um, and no, no, I was doing a show like this. And I went deep into why I believe that SPF was a plant that he was backed by, you know, and literally my lights went out and people are like, Oh my God, the black cats are coming for you. They didn't come for me. They might, they might still come for me, but I'm not that important. I'm no Pablo Duro. But I want to poke fun and say, they're just jealous that the guy's perfect, right? I mean, he's sculpted, he's rich,

he's handsome. I mean, but that ain't it. It's he's dangerous because he created a platform and stood by the moral stance that, no, I will not give you a backdoor. when we backed Google back in 1996, someone I know worked there and the AT&T trunk line comes in and it splits in two ways. And there's the main closet where he worked and this other closet. And he said, what's that? They said, don't ask. So what do you mean don't ask?

Don't ask. But that's all our information. That's all our information is going over here. And, and so yes, they read your emails. Yeah. I mean, here's the crazy little things. So my, my brother-in-law, my son-in-law and my daughter this weekend, we're, we're at Sunday dinner and, and we're talking about just a simple question. What's the largest buck? Like how many points on, on a buck, right? On a deer. Literally this morning, I get a video of the world's largest deer.

That, that kind of stuff is, is just crazy. And yeah, if you mentioned something you, and you like have social media, you immediately get served an ad for it. It's absolutely terrifying. I mean, listen, I know you got to go, but speaking of big tech and back doors and such,

people probably saw, I mean, Zuckerberg literally just said that he regrets bowing to Biden pressure over COVID and went into great detail in a letter basically saying how much pressure there was. Even jokes and satire and humor were asked to be removed and that they bowed to that pressure and did it.

So, I mean, it should show the importance of things like Telegram where that doesn't happen. But it also shows you that Zuckerberg is out free with his American flag on his surf foil, living the good life, doing fake MMA fights. And Pavel Durov is now sitting in a French prison. No, no, it's insane. And again, France, it's important that it's in France, right?

Because they're complicit in this whole thing. But I'll leave you with one thing. So the good news, if we can turn this back to good, we all love Bitcoin. And I had this fear, right? When I first got into this back in 2013, I Googled Satoshi Nakamoto because I wanted to know something about him. And what came back was Intelligence Central. Satoshi means intelligence. Nakamoto is the surname of families from the central province. Like, oh, that's pretty close to CIA. So wait a minute, what if the CIA created Bitcoin and it was a way to get people to convert their shitty currency into this good thing,

and then they steal it out of backdoor? And so Scott Stornetta, who, if you read the white paper, he's mentioned three times in the back in the footnotes, he invented the term blockchain. He's a venture partner of ours. And I asked him, I said, Scott, what do you think about this? Satoshi Nakamoto means intelligence central. And what if this was created by the CIA? And he said, nope. Like that fast. Nope. Like, Scott, what do you mean no? Like, he says, well, the way you're thinking about a backdoor is impossible. It's not a bad thought. I mean, I never really thought about it, but yeah, it could be. But the way you're thinking about a

backdoor, it's impossible with Bitcoin because of the air gap. Now with Ethereum, that's another story. I was like, whoa, whoa, whoa. So that was funny. So we don't have to worry about Bitcoin having a backdoor. There is no leader for them to arrest. And now with Ethereum, there is a leader and there's probably a backdoor. And that's not an accusation. I'm just saying, he says it's technologically possible in that system, not in Bitcoin. So that makes me feel better. Now, it doesn't mean that all of what's going on, and actually doesn't mean that the Satoshi wallet isn't owned by the CIA.

I can't prove that it is or isn't. But even if it is, people say, oh, well, if that were to spend, then it goes to zero. No, no, no, no, no. Even if BlackRock, which to your point earlier, they to spend, then it goes to zero. No, no, no, no. Even if BlackRock, which to your point earlier, they can't do because it's client assets. But let's say this little law that just got changed that does something about the property rights and that, let's say that that allows them to use force majeure or eminent domain to seize the BlackRock vehicles. I think there'd be a class action lawsuit,

but let's say that happens. Unless they get 100%, not 99.9, not 99.8, unless they get 100.00%, it doesn't matter. Because all that happens is those confiscated coins or Satoshis, let's make it Satoshis. Let's not make it 21 million. Let's make it 2.1 quadrillion Satoshis, unless they get all 2.1 quadrillion. As long as there's one Satoshi left, the value of the network goes into that Satoshi. And so as long as there's one Bitcoin or two Bitcoins or five Bitcoins, all the value shifts to what's left and those other

things become lost or stolen. And as Satoshi himself said, just consider lost and stolen coins as a contribution to the network. Well, let's hope that his million tokens, coins are viewed as lost and stolen and they're not one day coming to the market from the CIA. I think I'll stop my tinfoil hatting there because I don't believe that that's the case. Like you, Mark, I've always loved these conversations. I mean, do I? I mean, if you ask me, right, and not that you did, but I actually think it's a multi-sig wallet. Howe was one of the four and he never passed on the seed phrase.

And so it's gone forever. Now, that's a convenient theory. I like it, but it doesn't have to be right. I like it. It's as good as any that I've heard, man. Thank you so much. Always a pleasure. Hopefully I'm going to see you in Singapore

now that I've put it in. Yeah, yeah. Now you're putting me on the spot for Token 2049. I'm going, I'm actually on the, I'm on the Willie Sutton tour the week before. And what does that mean? Well, they asked Willie Sutton, the famous bank robber, Willie, why do you rob banks? Well, that's where they keep the money. Um, so we are raising our fourth fund for Morgan Creek digital. So we are going to the middle East cause that's where all

the money is. And, um, so I'll be there the week before, but it is, it does look like it's easier for me to just hop back to Singapore and do token 29 and then come home. So, yeah, I, I try out when I go from Florida, I have to go through Dubai and I hang out there for, you know, a day or two on the way because little jet lag adjustment. And like you said, that's where the money is one way or another. Although I think all of it will be moving over to Singapore for three or four days, but I guess. Yeah,

exactly. It'd be fun. All right. Thank you so much guys. Please. I know you have a job, so you can go do that now. Thank you,

sir. Be good. All right. Well, now we get to bring on Andrew to unpack it all. CIA, Satoshi wallets. Yeah. It's, uh, well, that was that was something.

Yeah. Let's bring up all of the conspiracy theorists that have that have existed for about a decade now. I do find it compelling that Satoshi Nakamoto was smart enough at in the moment to make himself anonymous and then to disappear. Right. Because if he was not anonymous and he was public, wonder what would be going on with that guy right about now. Wonder wonder what kind of conversations he'd be having. Wonder where he'd be and why would he be there yeah it's uh it's interesting that um he had the foresight um to one put so so there's a cascade of of reality so in the genesis block you know there's the commentary about prime minister or whatever on the brink of second bail out yeah right so he puts that in there for a reason right i would assume that that was a part of the thought process behind being anonymous after putting that in the genesis block right

like you can't you can't take that particular big paddle swipe at a meaningful government. With your face peeking out. Right. So, again, it's, you know, you and I are not in our 20s. I saw you put a few tweets out about, you know, 20-year-olds giving life advice, which is funny, by the way. Thank you. I made the mistake of opening Instagram. I don't even like have an Instagram account, but everyone's like, I have like an anonymous one because mine got stolen.

But every once in a while, my wife will like send me a funny reel. And I literally for five seconds did doom scrolling yesterday. And it was all like 25 year olds pretending they're on podcasts. Like you're not on podcasts dude. You're literally shooting it like this with the words going on, like telling me like about my diet and my approach, my death. I'm like,

dude, you're, you're 14. You don't know shit. Yeah. Yeah. Get up at 4 45 AM. Do a cold plunge.

Yeah. Drink, you know, hydro water. Oh, that's yeah. Dude. Gary Brecca was the entire thing. Hydrogen water and methylated vitamins like freezing your testicles, whatever. Right. So point being is that, you know, 20 years ago, again, the landscape of what we thought was reality in the world,

in the United States, continues to be turned on its head. That the idea of privacy, the idea of permissionless, the idea of these things, you have to now go seek that stuff out. I've been doing a little bit of a deep dive on, you know, AI stuff like what's going on there. I, you know, I need to keep myself updated on the developments there. And I came away with being a big fan of what Eric Voorhees is building with his with, you know, his initiative with ai because um they don't gather data it is private it is permissionless it is the ethos of of bitcoin crypto and it's it's amazing that it's such an outlier versus everything else right everybody was like can't share data don't have it yeah right right so everybody's enamored with the, you know, with the funny looking clown circus person, you know, but in the back, you know, it's like the Wizard of Oz.

You know, I'm the great Wizard of Oz, but really it's just some guy in the back with some pulleys and levers that for some reason you can't see who's just 15 feet to your left. And so that's what we're coming to know is the reality of our digital lives. And the fact that Bitcoin is an off ramp to, you know, then there are questions about the other crypto focused projects that, you know, are they off ramps or not? I don't know. There's a lot to be said about what is or is not going on with Ethereum. There's a lot to be said about some of the comments, you know, from Vitalik over the past week or so. You know, he seems to have come to some sort of meaningful understanding of what's going on with yield in and around the world of crypto that I think most of us have already figured out. But yeah, there's finding places to, you know, have actual privacy, you know, permissionless

processes is difficult and it shouldn't be that way. You know, I won't get into politics, but, you know, it's hard to navigate even the political worlds of who's on the side of what, you know, like who's really on the side. Like there's public proclamations, but then there's also the reality of you could be a politician that says all the right things like Bitcoin, the Bitcoin world loves Trump and understandably so because of what he said and where he's been and what he's decided to commit to. But there's a ocean of regulators and worker bees that exist in the government that are not, they're not on the same stage saying the same thing. So that's where things happen. So what's happening, you know, after the fact is the, is the question. And how do you, how do you protect yourself? How do you keep privacy is something meaningful in your life. It's hard to do. It's really hard to do even here in the United States. So, um, to that end, um, I bring up...

Let's just say that if you want to do that, if you want to protect yourself forever, then you have to buy Bitcoin, but you also have to do cold plunges in hydrogen water. You live long enough for it to actually matter. Right. You were making a much better segue, and then I made it up. You were going to go, what he was going to do because i know him i'm going to do it you were going to say and since you need to buy bitcoin and all those things there's a way that you can dollar cost average into that uh really efficiently using maybe that okay go ahead well here's the thing you know our bitcoin algorithm that that's about to drop um you know we're going to be partnered with Gemini, so I can announce that now. Folks that are going to use our Bitcoin algorithm are going to use it on Gemini's exchange because they are, in my mind, the most trusted.

They went through a really, really difficult time. that no other exchange in the history of crypto has navigated, not only giving back all of the funds that were problematic with DCG and Genesis, but 200% or so. So we think they're fantastic. We trust them. And the ability to, you know, the entirety of our kind of our brand can be summed up and put a hedge fund in your pocket, right? The ability to make trades and navigate markets while being out of the market 97% of the time and the 3% that you're in, you're grabbing returns 30% on the last four months, 20 plus percent in the last three. We're going to do the same thing with Bitcoin, with our Bitcoin algorithm and the ability to, instead of,

oh, wait, I've got an extra $10,000 and everybody I listen to on this podcast stuff and Melker's always telling me to buy Bitcoin, right? I didn't say that. So I'm going to take this 10 grand and just shove it into Bitcoin at 63 and change. Well, then what? Then I'm just nervous about, well, what if it goes under 63 or to 52 again? Or instead of that, our Bitcoin algorithm is going to grab you Bitcoin on a daily basis, on an hourly basis, however you choose to set it up, only on the dips. So when there's movement down in the opportunity to buy Bitcoin that everybody that's been in this space for forever is saying you buy when things go lower, you buy when things go lower, you buy when things go lower.

Instead of you having to navigate that to figure out what is lower, right? The algorithm is going to figure that out on your behalf and make those buys for you when volume and price is moving down and taking that $10,000 and using it wisely for you and getting you a significantly lower price than you would have on your own. I can tell you that we've put together some documentation for one year, three year, five year returns with this product. If I were to mention the five year return on this program, I don't know. It would sound stupid. They might say this. They might say that you're stoned. Guys, it's like 9.45 AM. I'm tired. Come on, man. This is what my face looks like. Jesus.

It is what it is, man. We love the comments we love the feedback oh dude i i got like i know that people there are people who listen to this via audio like spotify afterwards so i'm not reading them because uh um yeah so yeah it's uh over a five-year period using our algorithm. It's a 1,900% deal. So it's powerful stuff. You're putting access to truly the alpha asset of the last decade in the world of finance, and you're turbocharging it to your better. Yeah, everybody go to the website.

At the same time, our website in the next 48 hours is about to change and update with having access to our Bitcoin algorithm. The other thing that you need to know, we've been asked many, many times about the price of the Bitcoin algorithm. The entry level price is going to be the same that you see right there. It's going to be the same that you see right there. It's going to be ninety nine bucks. So instead of charging a premium or a lifetime price or anything like that, we're going to charge ninety nine dollars for it because we want everybody to have access to it. We want everybody doing what it is that, you know, so many of the folks that you've listened to on podcasts, you know, have access to to buying Bitcoin and putting a Bitcoin stack as part of your thing. No, go back to the Melker. Come on.

I was going to. Yeah, it was accents. I was adding it to the description while we were talking, but now I get to you. You see, I tried to preempt your big announcement by your segue. Guys, I'm launching my new website, but it's a lot more than a website. You can seven days one hour it's going to be next tuesday right after labor day this is at wolf of all streets.com andrew may or may not be one of

our genius contributors yeah um but yeah so what this is going to be which is something i've never done before it's going to be everything we're doing accelerated on meth. So basically, I'm not stopping doing any of the things we're doing, but we're going to have additional sneak peek interview content, everything. You can see what it is here. So I'm going to make some video every single day about exactly what I'm looking at in the market. These are special interviews with people that are not shared on my other channels. Tons of technical analysis from multiple analysts here. That's both of these sections. Then we have an amazing team of analysts doing deep dives into individual projects that are launching and old so you can understand everything. You can see which tokenomics are complete fucking scams and you should avoid things

like that. Guys, zero financial advice, zero do this. None of that. Literally just real time information and analysis from really smart people. A full ticker of everything that's happening in the market. So you can use it as a dashboard, global newsfeed, literally every single story about crypto. This is going to just destroy your brain. I'm to be honest, because I use it and it's scrambled. It's like every three seconds,

a new story hits and you see what's happening, keeps you completely. But yeah, all that stuff. And it's, it's, it's coming real. It's a, listen, it's an awesome project. I'm excited to, to may or may not be involved. And, you know, listen, there's a maturing of the crypto markets that's in process right now, starting with Bitcoin, moving to Ethereum. We will have a Solana ETF at some point in the future if the political winds continue to blow in the way that they're blowing. But, you know, the cross section of traditional finance and crypto continues to be a huge theme. And so, you know, having those huge mountains being moved and what it means to crypto, what it means to prices, what it means to the bottom line. Yeah, I'm excited to be involved

with that. Excited to bring some info on a weekly basis, probably a few times a week. Yeah. It's, it's a, it's going to be cool. The idea is to give a few select people like yourself, but whatever that I've sort of like given a stamp of this person is smart, like the ability to sort of speak to a more mature and curated audience on top of the stuff that we already do here. I loved when you said how much we're maturing right after I put all those clips.

Yeah. Comments from the, from the channel. But by the way, like I can tell though that all the people having these comments are like our age. So right. Right.

It's like the 40, 50 somethings who are like, I'm still 20, man. Like I can go to my job and be serious, but I could also go in the chat and talk about tan nuts. Gen X, you and I both know Gen X is a different breed, man. We, you know, stuff doesn't, it doesn't affect us the way that millennials and Gen Zers, you know, are precious about things. So, yeah, we, you know, having a good time is part of the, you know, part of the DNA. There you go. Look at Ronald.

We are Gen X. Yeah, he's saying it about right. Yeah, he's right. So I'm going to keep telling you guys about that, obviously, but we have to. So the reason it's not like today launch is that um we're actively adding a ton of like content the problem is it's going to be daily content so you get that on a day-to-day basis but we also want you to have some value the first day that you show up but we can't do that content from six months ago right so we know this week

kind of to uh log up things uh and make it but guys i i literally like it took i've been working on this for a year because i'm the worst um and you know and because it literally took like six to nine months for the people i'm working with on this to even convince me that like it would be of value you know like i'm just i just i i've always been a like everything free everything i'm still doing will be free this is i think it's 39 bucks a month if you choose to be a part of it um but it's all just additional for the people who want more insight and then for me to actually be able to sort of like bring on a team which i never do and pay them to give their insight you know directly so i can't. I think it's going to be amazing,

but man, it took a long time for anyone to convince me that I should ever do anything that has any price tag on it. That just means I'm going to make sure it's a value. Well, you know this. I've said it so many times that your audience are really, really sharp people because we deal with them every day. And the reality is, is those people are looking for, you know, you know, valuable information to then, you know, decide what they want to do with it, right? They're not just going to take it make their own decisions, because they're adults. Yes. And, and, right. And that's what they do. And so giving them additional information, again,

to make decisions with is a value add that they'll, you know, again, use how they're going to use it. But giving them, you know, additional info is going to be really valuable. I think it's very valuable. I can't. Yeah. Again, that's it, Jen. really valuable i think it's i think it's i think it's very valuable well let's yeah uh-huh yeah i think frank to tank who accused me of being stunned maybe he is just saying yeah i'm not you're stoned i know you are but what am i all right guys that's all we've got obviously and

more importantly like i seriously just check out the arch public guys that the Bitcoin algorithm is going to be huge. The Gemini partnership. So it expands, obviously. Now you'll be able to not just use TradeStation for things with arch public. You're getting the benefit of Gemini, which also means they might be talking about it. And we might have, you know, some winkle at some point. Yeah, there's going to be some stuff. And I will also add the Bitcoin algorithm may not be our only and last crypto product.

So stay tuned. Maybe not. Listen, the final thought, since we're all talking about age that seemed to have triggered all of the world yesterday is this. Middle age isn't 50. It's like 38.

Especially if you're a crypto trader. My expectancy has gone down. It's like 38. People hated that. Especially if you're a crypto trader. My expectancy has gone down, man. 76 would be good. 38, halfway. So if you're over 38, you're on the downhill like us. That's all I got for you guys. Thank you very much. Andrew, always a pleasure.

Check out thearchipublic.com. Later. You bet. See you, bye. Let's go. Later. You bet. See you. Bye.