The Wolf Of All Streets - Raoul Pal Reveals His Crypto Portfolio & Explains Why Bitcoin & Alts Will Continue To Skyrocket

Episode Date: March 14, 2024

Raoul Pal has long been predicting that Bitcoin could reach $250,000. This number seems less and less unrealistic. Let's see what he thinks now as crypto experiences a massive rally and whether his stance on Bitcoin and crypto has changed. In the second part of the show Dan from the chart guys will share his market analysis and some trades.  Raoul Pal: https://twitter.com/RaoulGMI Dan The Chart Guy: https://www.youtube.com/@ChartGuys ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/   ►►OKX SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!  👉 https://www.okx.com/join/SCOTTMELKER  ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK.  👉 https://tradingalpha.io/?via=scottmelker ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd  ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets   Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #raoulpal  Timestamps: 0:00 Intro 1:20 Crypto mania 4:30 Solana 9:00 Wealth generating machine 13:28 When is the top? 16:30 ETFs surprise 17:40 Institutional demand & altcoins 19:00 Meme coins & Solana 22:35 SUI 23:25 How often does Raoul check his portfolio 25:30 Everything, everywhere, all at once narrative 31:50 Taking loans to buy Bitcoin 34:00 Bitcoin’s rising wedge 37:00 Ethereum chart 38:45 Psychedelics  39:50 Gold 41:00 Miners are bleeding 43:50 Wrap up 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.

Raoul Pal famously came on this show and many other shows over the past few months and extolled the virtues of Solana and its incredible ecosystem. And it went up 4 billion X percent. Right. So we know that Raoul had nailed the Solana trade way ahead of everyone else. I have a feeling there's some other ecosystems that he might be thinking about now, in addition to the meme coins that he's still flipping like a crypto degenerate. It's nice that guys like us can just be one of us and doing all the things that you guys are doing. I'm really interested to circle back here with Froel, find out what he's trading right now, what he's looking towards for the future. Always a good

time when we have him on. Of course, we've got Chart Guys, Dan, the back end of the show as well. This one's going to be huge. I'm so flattered that so many of you showed up just to talk to me today. It's really nice, guys. Thank you. Here we go. Let's go. Raul, right now. Good morning, sir. How are you today? Scotty boy, how are you? I don't know, man. Thinking I should have bought a hell of a lot more Solana last time we talked. Isn't it? It's the time in the market where you're like, I don't own enough of whatever. Of anything. Of anything. I was going through my portfolio this morning, just looking at stuff, thinking, well, where can I magic some money from? Because I don't want to orphan any of my children, meaning any of my other tokens to

buy other stuff. This is the crazy phase of the FOMO. It's the crazy phase, but correct me if I'm wrong, but it feels like we still have a long way of crazy phase to go. Yeah. There is no mania like a crypto mania. Yeah. And it feels like we've just begun. I mean, when I saw this tweet yesterday, which I responded to, right, you're talking about with banana, nana, nana, nanas plus sixteen hundred percent in 90 days, six hundred percent. This is dog with half guys, you know, the main point that's catching the attention of the world. Very fundamentally important project. I believe it might cure cancer. I'm not really sure. Right. I responded, maybe I should buy some to be your exit liquidity and your signal to get out. But I mean, you're out here trading God with hat. So maybe. I mean, look, I'm still sticking to that mantra, you know, which is don't fuck this up, which is really you're only doing this with a small amount because it's fun so my whole kind of dgen book is minuscule and i just do it to be involved and you know fine if you can get one

that goes up a lot it's a lot of fun to be had and you know a lot of these are utterly worthless and um therefore if you get them wrong it doesn't matter either because you're doing it for the fun of it and you might be going to the slot it doesn't matter either because you're doing it for the fun of it. And you might be lucky. It's kind of going to the slot machines, right? That's what really you're doing. We have to be careful not to be all in dog with hat with our kids, college funds and retirement, which I have a feeling some people are. I mean, is cat in the hat?

Dog with hat. We should do a cat in the hat. We should launch cat in the hat. There is one. There is one. They're way ahead of you, my friend. They're way ahead. You can't get it.

They've got every politician now. I mean, you can't get a meeting Did you see that Elizabeth Horan one? Oh, I've been talking about it quite frequently here. I find any way to passively mention it just because I want it. Literally just want to say the name. Man, I think it crashed though, I heard. But so listen, Raoul Pal lists top altcoins to stack before April.

To get a little bit more serious here, you and I have had this conversation, but you're all over Solana, obviously. I very openly, among my guests, believe that Ethereum has been a laggard, but that's an opportunity, not an indictment, right? We have the Dancun upgrade going well yesterday. Layer 2 fees effectively have gone to zero. You kind of responded to one of my tweets saying what's coming next is insane. Not even specific.

You said, yes, Ethereum parabolic or to the moon or something like that. I assume you still believe that this could be at least one of the big next trades. Yeah, look, all I'm doing now is trying to allocate capital as efficiently as possible. So I'm just looking at the cross pairs. So I'm looking at the Sol-Eth cross. And even though I think Eth goes up a lot, I love Eth, I just think Sol goes up more. So I'm trying to be as effective as possible without going too far out the risk curve and having it all in dog with hat uh which chart versus everything else looks incredible as does doge bizarrely i mean doge looks like it's it

looks like that's about to explode and it did exactly this time last cycle around as well. It's, this is the kind of classic dog season. So, you know, it usually goes from this DeFi season, which we had, you know, a few months ago. Then the attention goes into meme season. And then it really goes into the kind of layer ones, layer twos, that kind of stuff. Well, I happened to see this story in passing. Elon Musk forecasted an option for buying Tesla

cars at some point. So this literally happened, right? He said this and it was in his own factory, not in an interview. I think he sort of said it in passing. And I want to quickly, you always share your theses with me. I came up with a thesis here on this show on Tuesday, and that was that people keep asking, why aren't we getting mainstream attention and FOMO, Bitcoin, new all-time highs? And my new theory is that we don't get mainstream FOMO until Doge makes an all-time high, because that's the token that everybody bought and is still underwater on. I think you're probably right. I're you're probably right i think i think you're probably right and eth as well you know there's everybody from the nft cycle everything else um i think it i mean you're right i mean it hasn't really affected retail yet yes it's it's got the dgen

crowd those of us who are in the market and remained in the market but we haven't sucked in i mean i'm not really getting messages from my friends you know the only thing i'm getting is well you should sell some of your positions soon you know i'm getting some concerned friend faces um and i'm not really getting hey you know what should i be doing here and that phase is still to come it's bizarrely quiet um but also don't forget the economy is actually still not very strong. It's still pretty lackluster. And certainly on a global basis, it's not very strong. So people haven't got a lot of spending money either. So they're not throwing money around. It's just those of us who've been in crypto because our economy is expanding. We've

all got money to throw around. But outside in the normie economy, there's no money to throw around, I think. Yeah, it's just my feeling that as much as we'd like to believe that the masses came in for Bitcoin last cycle, they came in for Doge and they came in for NFTs when it was on Saturday Night Live. And those things are still massively underwater and suffering. So those people are not going to pay attention while they're massively underwater. They're just not. They're not going to pay attention while they're massively underwater they're just not they're not going to care somebody posted a really interesting thought about doge i mean my own theory on doge is i think elon he loves the whole game and once it's starting to get kind of dog season excitement he will think about doing something with twitter

payments and stuff with doge just for the hell of it, just because it irritates people. So I think he'll do that. But I think you're right. A lot of people have been investing in Doge. And the interesting theory around was that right now, if you're somebody coming from the outside world, you're hearing about all of these kind of mean coins. You look into it, you see there's like 50,000 of them. You haven't got a clue so what do you do you probably go to the old dog itself that kind of makes sense uh and it'll it will capture a lot of attention also you know we forget that a lot of what's being traded is very kind of american slanted like zin right nobody else in the world knows what Zin is. It's an American product. So really, you need something that's got universal appeal,

and Doge has. And the other thing about Doge is they are trying to send this thing, this rocket ship to the moon and up into space, right, with the Doge Foundation having sponsored it. I mean, dog with hat i mean ansum on twitter has managed to raise 650 grand to take over the uh the sphere in vegas to to put dog with hat on it but you know the dose foundation is literally sending those to the moon which is even more ludicrous and so we haven't even hit this peak ridiculousness

that's about to come. Yeah, you have all these people telling you to sell, but my feeling is that that's not your instinct at the moment. I mean, you keep saying, don't fuck this up. You've been saying, don't fuck this up, by the way, before we got the sort of hype cycle even started, right? I mean, you've been saying that

when we were kind of in the 20, 30,000. I mean, you know, to go back to the bigger picture, this is the biggest macro opportunity we've ever been given. This is a wealth generating machine and people need that break. They need that opportunity to unfuck their future. And this is this is the big one. So, you know, it matters to me. We've all seen it. We've all fucked up in various ways in the past. And we, yeah, as you know, and this, you know, this time around, we've got to get it right. We've got to get it right. You know, I think gone through that too. But generally, if we can get people up this curve safely in the best way they can, we're going to change people's lives. And I think that really matters.

I want to talk about how we do that because it's funny to talk about Bonk and Dog with Hat and all of these things. Those are going to have their own mini cycles, most likely, right? A lot of these are going to have their big pop. They're going to drop, people are going to buy the top sort of mini cycles of that macro cycle you just described. But how should you position for the larger cycle? I mean, that's where you want to just kind of have the bulk of your portfolio, in my opinion,

in Bitcoin, Ethereum, Solana, and do nothing, right? I talk about this all the time. We see drops from 72,000 to 69,000 on Bitcoin, and you see half a billion dollars liquidated, and those are all people who are right. Those are people who are long. They're long on an asset that's only going up, and they lose all their money. Yeah. A friend of mine who I won't name, who you know as well, has been a professional trader his whole life, had taken leverage out in Solana, had a wick down. He lost 2 million bucks of his position. And it's like, come on, you know better. We don't need to do this. The problem is, again, at this point in the cycle, we all lose our minds. It's really hard not to.

So you start thinking, well, Sol's probably only got an 8x to go and I want to make more money. Right. And then you start doing dumb shit. And we've just got to not do that. And I know it's really hard. As you rightly say, doing nothing is the superpower here. You know, this is not the last cycle this is not the end of the world just you know this is a longer game to be played but just do that and then when you can

maybe at the end of the year take a bit of money off the table cash in a few lifestyle chips you can then run the rest and you can run it into a bear market i ran the entire bear market on purpose because i wanted to add through it and just stay with it. Because you don't know how it's going to go. The next time around, is it going to go down 70% or is it going to go down 50%? You have no idea. So the best thing is set your time horizon, take some lifestyle chips off the table at some point, and then you can take all the risk you want.

Listen, I bought every Bitcoin dip on the way down. We went from 69 to 52. I said that could be the bottom. Didn't think necessarily it was. Bought 52, bought 42, bought 32, bought 21, bought 17. Got ridiculed very loudly on Twitter. How dare you not buy the bottom? Same people ridiculing Saylor.

Every time he buys, it's not the bottom. How dare he? Don't recall ever buying any Bitcoin that's not currently in profit. No. And's not the bottom. How dare he? Don't recall ever buying any Bitcoin that's not currently in profit. No. And that's the point. People forget this is not a cyclical market. This is a market in a log uptrend. It's an exponential trend over time. So it covers most sins, which is what's so magical about it. You can buy the high. I mean, I launched a fund of hedge funds in crypto at the absolute peak of the market. And before you know it, every single investor was underwater because the market went

down. But with a long enough time horizon, everybody's back in profit again now. And it works. You just have to trust the process. Yeah. So let's talk about something else. To you, what would be the actual top signals? When does it, as you said, sort of maybe at the end of the year, time to take chips off the table. Historically, we should have another 18 months of this. Easy, right? If we're looking at the halving cycle and more importantly, the liquidity cycle that you've so eloquently discussed in the past. Maybe crypto doesn't really just have a halving cycle, right? It's part of this greater liquidity cycle that happens every four years. What signals will we start to get?

I just want to go back on that one sec. I cannot believe that we've been given this opportunity. I mean, basically all you have to do is buy Bitcoin down 80%, hold it, and it goes up 10x. I mean, it's like every four years like clockwork. I mean, it's bananas that we've been given this. It's like the moron's trade. It's the easiest thing in the world. Yeah, it's fun. But nobody believes it, right?

I mean, it's fun to talk about it. And now we've actually sort of broken that cycle by making a new all time high in advance of the halving. What's funny is that a lot of people then say, oh, the cycle is not going to exist. It's going to be shorter. Is that just PTSD? Because it feels like that's a catalyst for larger prices, in my opinion. Yeah, I've been thinking through this a lot and seeing this. It's a left translated cycle, which is a fancy term for saying it's going to be short and sweet. I don't see any reason why that should be the case, why this whole liquidity cycle has changed. I mean, the governments aren't changing the debt maturity. Nothing seems to be changing. Therefore,

I think the shifting probability is this ends up being a full bubble. Something like 2013, you even get that double pump, which is the hardest thing in the world to trade, right? You think it's over because it's done a massive move. It corrects 50% and then rockets up, I don't know what it did, another 10X or something stupid in 2017. These markets are tricky. They're very tricky to deal with looking for tops. One thing I do know is people talk about Coinbase being number one in the app store. That doesn't make sense because they've already got 110 million accounts set up. It's the number of active accounts. I think you have to go to the Coinbase quarterly

statement and just see how many active accounts, because at the low, I think they got down to about 9 million out of 110. You know, let's talk again when we're at 50 million active accounts. And then we can say, you know, it's probably pretty frothy. Yeah, I people always point at the Google searches for Bitcoin, they're exceptionally low, we've got to be early. Literally everybody knows about Bitcoin. Who needs to Google search Bitcoin anymore? So I think some of these metrics, much like the Coinbase one, are somewhat dead. Now, if we see Google searches starting to skyrocket for Ethereum again, or Solana, or maybe something that every institutional investor isn't aware of, I think those could start to be signals of froth. But I agree with you. I don't think Coinbase gets to number one in the store again because they signed everyone up already.

That's right. But this whole ETF thing has been fascinating. I don't think any of us imagined it was going to be this big this fast. No, I had Matt Hogan on from Bitwise yesterday and said to him, something to the effect of, you guys are at 2 billion. I think everybody in hindsight would have been pleased if BlackRock was at 2 billion, six months at, much less two months. Now BlackRock's at 15. It's crazy. These numbers are crazy. I mean, far exceeding any expectations, like you said.

And I'm actually surprised Bitcoin's not up more. Yeah, I want to know. I'm always shocked at how big the whales are in this market that can sell, right? Or who can trigger these liquidation cascades sell probably by lower, but the amount of Bitcoin some of these guys who are willing to YOLO against the ETF trade is astounding. We see it every time. These are a lot of these Asian trading shops. That's where the real whales lie in all of this. Do you think that any of this institutional money that's coming into the spot ETF can actually trickle down the risk curve to the wild low cap altcoins? It's like we've seen before, Bitcoin, Ethereum down to mid caps all the way down. Or do you think that actually there's a wealth effect coming from the institutional

investors into the spot ETF that's causing sort of more liquidity to come into the rest of the market? Because you've now got confidence to take more risk because the main assets going up. So, I mean, look, Bitcoin goes up, whatever. Let's say it's gone up 100% over the last. Now, I don't know. Let's say in the last 90 days, let's say it's gone up 100%. I don't know what the exact number is. Well, Dog Whiff Hat has gone up 1,600%. There is the risk curve writ large. Yeah. Like you said before, that's the crypto degens who are doing that. That's not the money coming from the ETF. It's the ETF buying signaling that the market is safe to do wild things. That's right. And it's creating

wealth that you can sell some of your Bitcoin to buy something a little more speculative. So you start seeing the shift. You're seeing it in ETH, right? There's quite a lot of people shifting out of ETH into SOL or into meme coins to get a bit of extra juice. So that's just the risk curve working because the risk curve is basically, I want to take more risk and get higher returns. And therefore I'll sell some of my less racy assets to buy racier assets. I actually saw some interesting takes about Solana. You've obviously said, I believe, if it's that shorter cycle, we get maybe $500 Solana. You've obviously said, I believe, if it's that shorter cycle, we get maybe $500 Solana. If we go nuts, maybe $1,000 Solana. I totally agree with that.

I actually saw some posts today that didn't realize Solana actually just made a new all-time high, I think yesterday, in market cap. So as much as the price isn't as high when you consider the supply that's come on the market in that time, actually, it made a new all-time high in market cap, which I've never really looked at that as a metric, but it made me sort of tilt my head and think that is meaningful. Yeah. And also, don't forget, Solana has gone up a lot with the massive selling of the FTX estate. Now, I know that both Pantera and Brevin Howard set up SPVs, special purpose vehicles, to buy this stuff. I haven't heard the progress, but the way Solana seems to be trading now, it feels that you're at the tail end of that. Most of the supply has been taken off the market, which allows it to run pretty good.

And if you look at Solana as well, of the top 10 most active traded tokens, eight of them are on Solana because of the meme coin craze. Yeah, it's crazy. And these meme coins, Franklin, I have it here somewhere. Franklin Templeton, I don't know if you saw this yesterday, but Franklin Templeton literally wrote a report of the value between meme coins and their native networks. Like if we want to talk about any of this institutional money making its way down to the meme coin market, you have Franklin Templeton, who, you know, admittedly is far ahead of the curve when it comes to stuff talking about this. But these meme coins, you know, you get this narrative about massive TVL growth or within these ecosystems.

And then you hear people saying, well, that's because the whales in these ecosystems just create a meme coin and pump the TVL massively to bring more liquidity onto that chain. That's what they're saying. I mean, whether that's a manipulation or not, I mean, these meme coins are driving the adoption of these chains as a whole. Like NFTs did for ETH, right?

They onboarded millions of people to eath but this is you know the mean coin thing is not surprising it follows a narrative arc i did a film it's on netflix if anyone wants to look at it called the new americans gaming a revolution and basically it's about this whole thing it started kind of with occupyupy Wall Street and everybody thinking, well, what now? It morphs itself into GameStop, then the crypto craze, and now it's just gone straight into meme coins, which is like, nobody's even, even my Twitter pinned tweet is about this. It's like, they don't want to play your game anymore. People are playing their own game and they know it's stupid. They know that these things have no intrinsic value apart from culture and culture

is fleeting yet. They're going to do it. And they're going to make four. But you will sell your dog with hat, right? You're not going to think that you're raging against the machine into eternity. If that goes to zero to make a point. Right. And I watched some money, the GameStop movie, and I cringed every time I heard, you know, these people say, well, eternity if that goes to zero to make a point right and i i watched some money the game stop movie and i cringed every time i heard you know these people say well if we ain't selling i ain't selling i don't know if anyone saw the movie but it was pretty good if you want to rage against the machine buy bitcoin you know you want to rage against the system buy bitcoin uh if you want to build a new system buy ethereum and solana um If you want to poke your finger in the eye of tradition, buy meme coins.

They're very different things. We talk about the don't fuck it up, just hold. Are those the three things that effectively you're willing to hold spot through the end of this entire cycle? Is there anything else? Well, I'm actually on the SUI Foundation. So I've got a whole bunch of SUI and that's a great project. Let's see how they do because, you know, it's still to prove how much they can build and what they can build, but that looks very encouraging. So, you know, I'm in that for the long haul as well. And, you know, very interested to see the journey of a layer one,

a new layer one with some great tech. But other than that, yeah, those are the ones I'm happy to just hold. Anything else, I'm just renting, basically. I want an update on this. How many times, I'll start with a week, but I think it's a day, are you checking your portfolio?

I'm not going to admit this, but all the time. I'm literally, it's literally, it's become a part of my workflow. Open Twitter, open Telegram, open WhatsApp. And it has. And that's a great, it's a signal of where we're at. It is because I used to be a once a day or maybe. Yeah, I'm still probably a once a day on my main holdings, but on the stupid stuff that I've got, I'm more frequent. I don't know why. It's not even that meaningful, but it's just because it's the adrenaline. You're

in the game and it helps you with the patience game because the other stuff you can't do anything you just have to sit there but you want to feel like you're involved so i'm checking the price of my guac and the price of my bonk and the price of my whiff and doge like like 10 times a day which is stupid you kind of need to know also but it's stupid but you also like rationally know that one of those could be down 50 when you check it again so you kind of actually i think if you're doing it with any money that is meaningful to you not to you specifically but anyone these are the kind of things you have to actually stay on top of whether that's a trading view alert and a line on a chart or whatever that is for you we know that these things can be up or

down you know that's one of the ways i fucked it up in the last cycle and made some really good gains in small positions i think sandbox decentraland you know when that that whole narrative metaverse narrative took off and i didn't do anything i should have just taken the money off the table in that i didn't and i rode it all the way up and all the way down and sold it as shrapnel at the end you know it's just the crap that you get the dust you get left within the wall i call it the the wallet of shame of all of that stuff that you get left with yeah it's like a game of thrones shame shame i should literally have that when i open that portfolio just have that image to remind me not to do the same stupid things this cycle

we've talked about the trades we've talked talked about the liquidity. We've only got a couple minutes left, obviously. Is there anything that you're fundamentally actually really excited about that's coming? We have the AI narrative, the deep end narrative, all of these things. And I think we'll get DeFi NFT. I think this is all coming back around, Metaverse. Are there any of these that you are really focused on that you think could actually see some meaningful adoption this cycle? I think the everything everywhere all at once is going to be the feature of this cycle. And that will probably be the 2025 narrative. We've got the early narratives, went to DeFi, into memes, blah, blah, blah. But I think we will see that where a lot of

the investment that went in BC will come out into a whole bunch of projects so i think that's interesting and people are staking out different corners some people like deep in because it's a real world application other people like gaming because gaming's huge and i think all of these things um come together the one of the ones for me that's interesting still to follow the big the next big tech breakthrough is this fire dancer on Solana. Cause if it is as meaningfully fast as it is, that changes the game for a whole bunch of things as well. So,

you know, is that, can you build exchanges on top of Solana? You know, what could you do with that? If it's, if it really is a million TPS or 600 000 tps or whatever the crazy number is okay that's a whole different order of magnitude um and so i think this is all to come because

that's really not coming out until the summer i mean it's in test net right now i haven't heard anything about it so it's super quiet which is interesting because that was one of the most compelling parts of your narrative for why solana would do the move. It's already done and nobody's even talking about fire dancer yet. I know. I know. It's amazing. It's amazing. Another thing for people is I've got a piece coming out tomorrow on my YouTube channel.

So just go to Raoul Pal, the journey man, which is my kind of big thesis on how to unfuck your future. Because we've got this whole thing on real vision of how to unfuck your future, which is about like the real set of problems we're all facing and the solutions that we can have. My piece was on the real vision platform earlier in the week. It's out on YouTube tomorrow. So if you're not subscribing to the channel, to my channel, go and subscribe to that.

It's free and you get the notification. It'll be out. I think it's tomorrow. And also people should go to realvision.com. I think it's forward slash all streets where it's like $1 for a 14 day trial to get this whole kind of how to unfuck your future. We even got workshops with amazing people on how to invest in crypto, how to trade options through to just a whole bunch of really interesting stuff just to help people in their journey. Because again, you and I share the same thing is we just want to bring everybody with us. Just don't want people to fuck us up. We've learned lessons. We've got some gray hairs and we want to just be able to give people some of the knowledge

back. There are plenty of people who have gotten gray hairs on my behalf as well. So it's not just me, obviously. The last cycle was pretty wild. As I let you go, can you give us like the three top bullet points to LDR and how to unfuck yourself sort of as a preview for what's coming? Because there's got to be some things that this audience needs to hear immediately, right? Before they go watch that tomorrow. Yeah, really? audience needs to hear immediately right before they go watch that tomorrow yeah really the

biggest secular trend of our lifetimes is in front of your eyes which is don't fuck up this crypto opportunity right this is crucial because we've never been given something like this this is like an alien asset class if you're well everybody watching this was really happy. The other thing is technology. And it's not only technology investing, because crypto outperforms, but it's also understanding the changes that are coming from AI and how you can leverage that and what it means. I honestly think, and I go through it in the piece, I think we've basically got six years to try and make as much money as possible before the world becomes, and certainly the economy becomes, incomprehensible to us because of the impact of AI, robotics. We saw that figure plus open AI robot yesterday. I mean, holy shit. Did people not realize what was coming? That's whether they're excited or terrified, to be honest.

I'm still somewhere in between, but yeah. Both. So it's trying to help people pick through that also the your own psychology you know you are the person oh the other one i did is i interviewed peter diamandis is uh the guy who runs fountain life which is his longevity clinic um and health care prevention that's another way of unfucking your future. That's a really interesting interview. I think that comes out on Friday. So I'm trying to look at health, mental wellness,

and the big investment opportunities. But we also talk about the problems that you need to avoid, the traps you fall into. So that's pretty useful. So realvision.com forward slash all streets. Every time I talk to Mario Knopfel, he's in like some sort of hyperbaric chamber, has 12 needles in him, and he's obsessed with the longevity stuff and trying to get me into it. The only place I get stuck with the health and wellness is like, how can I spend five hours a

day to add five years to my life? The math doesn't add up. So when that gets to the point where I can do it for five minutes a day and it'll add 50 years, I'm ready for it. But I do agree that there's a lot coming of that. Raul, man, thank you so much. I wish we could do hours and hours and hours of this. We'll have to do another longer one at some point for the fun of it. We will.

Guys, everybody obviously follow Raul. Please check out his YouTube channel, as he said, and Real Vision. But the YouTube channel is amazing. I'm so glad that you added it. More free content and great advice. I'm going to be checking out that. Yeah, that's the journey. It's Raoul Powell, the journeyman.

There's the Real Vision channel plus my own channel as well. All right, man. Thank you so much. Have a wonderful day. Hopefully by the time we speak next, Dog with Hat will be up another 17 million thousand billion percent.

All right, my friend. Have fun. Take care out there. Right. What a legend. Always so much fun to talk to Raul. It is sad when we only get 30 minutes. We should have made that one an hour for a longer conversation, but the hits just keep on coming because

now I get to ask Dan from the chart guys if he thinks Raul and I are both insane people who are a great top signal for a bubble that maybe he's watching. I have no idea. But when you hear us talk about the everything cycle and the next 12 months, the next 18 months, 24 months, and this is your last chance to go, Jesus, man, I should maybe sell something. I definitely, it's an automatic trigger, but it's also the kind of thing where I know I can't hit a crypto top. I shouldn't have that expectation. So maybe you take a little bit off. And I like the things you were saying about leverage being an enemy in certain instances where you're right, but you screw things up. And that's definitely something that, you know, needs to be driven home because you see now people getting so confident that they're taking out loans to buy Bitcoin. And it's just like, man, I get it. But it's also, we've seen this

so many times and we can very easily pull back 30% and just make that a part of the plan. Like 30% pullback can happen. And if you're going to be able to get through that just fine, then all right. When you talk about people taking able to get through that just fine, then all right. When you talk about people taking out loans, Microstrategy wants a second note sale. It was like three days ago, it was 800 million or something. Today or yesterday, it's 500 million. I mean, listen, I think it works exceptionally well for him because Microstrategy's stock is up so high and you can basically get these lower interest loans that nobody else

can get to buy this asset. But yeah, like a second mortgage on your house to buy Bitcoin for the average person who needs that money, probably not smart. Yeah. That's an important distinction to make because you're going to have retail people saying, well, Michael Saylor is doing it, so I'm going to do it. And I've got friends, I've got a friend with 100 Bitcoin and I've got a friend with five and they're comparing each other, but you can't. Someone with 100 Bitcoin, you drop 50%, they're still set. And you got five Bitcoin and a full time job. It's a very different scenario. So you just have to remember that everybody has a different financial situation and what's right for someone is what's very wrong for someone else. And so keep that in mind, 22 year old, 52 year old,

very different. So it's something that you have to constantly check in with yourself. Is this what's best for me? Well, right. We have a lot of narratives, but I think you and I both agree that when you want to cut through all that, you just jump to the chart. Right. So I'm curious what you're thinking here on the charts. Obviously, you got Bitcoin pulled up right here. I didn't even know we were having a pullback right now while we were talking. Yeah, it might be NASDAQ related. PQQ has dropped. No, it's not. Yeah. So it's only 70. Pullback to 72,000.

OK, yeah. Let's see. Let's see if it pulls by 15 minute or so. But but I am watching a rising wedge and you know, this needs an asterisk rising wedge is a bearish pattern, but you know, someone, someone will say, what's the probability that a rising wedge confirms? And my answer is, well, what, what's the context? You know, if, if we're looking for a weekly lower high, a daily rising wedge for me is twice as probable than if we're in blue sky breakout. So these kinds of patterns do break bull all the time in a bull market. But keeping an eye on it and just letting us know that volatility is likely coming soon. And if the bears were to control all day today, then this might be breaking bear.

But what I've been using as my guide is the recent flushes that we've been seeing are all still giving us these higher lows. And so for me now, 68.6 is the most important support level because that's where our most recent higher low was on a flush. And so even today, if we flush down and bounce off 70,000, then we'll just move the line up and say, all right, it's another higher low. And so that's really my guide in the short term saying nothing's going to change if every flush continues to be a higher low. And we can also use that and say, all right, it's going to be a little flashing light to us that says things are shifting a bit if we break those higher lows and say, well, maybe it's time for weekly consolidation now that that pattern has broken. So keep in mind that something that's

running straight up like this, weekly consolidation won't be surprising at all when it happens. And we didn't expect it or many people didn't expect it right into the ETF launch. So they definitely happen when you don't expect them. But also keep in mind, we can drop to 60,000 and still be just fine on the longer term weekly chart. So just ensure that you're zoomed in, but also zooming out as well to get the complete scope of things. Yeah. I mean, we both love blue sky breakouts as traders. It's something we've talked about a lot of times. I didn't expect us to be talking about a blue sky breakout above 69,000 in Bitcoin yet. Yeah, it's definitely faster. I mean, that recovery from, you know,

it was the kind of thing where I was like, cautious of a sell the news and all right, there's a 20% pullback. I'm right, but nope, I was not expecting that kind of response to the 20% pullback. And that's the kind of thing where if you're getting too fancy, that's why I always say long-term no-touch position is my anti-FOMO position. Because if I'm trading my full stack, I miss that, that leg up surprises me and I end up with less Bitcoin. So it's very important to have that no touch stack in addition to the trading stack to help you balance things out of it. Yeah, I think we just see these depths kind of getting rid of the open interest and liquidating some longs and then continuing

up for now. What else are you looking at right now? I mean, we've got markets just continue to kind of rip. So it's not hard to be long right now. Still ETH, just this weekly tightening ETH BTC chart. And I keep highlighting it because this is going to give me, this has been forming for the entire of 2024. And it's going to break sometime within the next probably six weeks. If we get one more higher low here and ETH starts to gain a little bit against Bitcoin, it's possible we tighten up for another month plus. But the direction that this breaks is going to be very significant because for me, this is the it's time for ETH signal if we get over that double top. And it's also the nope, not yet signal if we're not doing it. And so everybody's looking for

ETH to make its move towards the all time high, but this must break bull for that attention to start really coming in. Yeah. And when you look at the USD chart, things look all wonderful, but yeah, we all like to look at the BTC chart, I think to sort of gauge where it is versus the larger market. And to your point, it hasn't done much. I agree. Yeah. It's coming, it's coming up to this support, ETHUSD. If we lose that 3730, then weekly consolidation is really likely to be taking shape and we'll be watching. Yeah, it's not that far from four hour oversold.

So we may be shifting a little bit here into the weekend. Let's see if it ends up being a bit of a profit taking end of the week. But again, overall, just remind yourself, weekly consolidation is inevitable. It can be an easy 20% plus pullback on weekly consolidation. And people like myself that always keep cash around to some degree will be looking to buy those weekly higher lows. I see you got a couple other charts up there. What else you got? Checking back in on the psychedelics and just want to, you know, the volatility is great for trading, but these are definitely trading names. They're, you know, we talked about it last week and they're low cap names. I treat them like penny stocks,

just not for investing at this point. What they've been doing is, you know, releasing the good trial results and they get the, you know, expedited FDA designation, designation, but then they also put out dilution. They have to raise money because they're such small companies. And so CYBN is another one that just got FDA yesterday and big dilution news with it. All the news. Yeah. I mean, I commend that the companies are putting out the bad news with the good news to allow for informed decisions. It's the worst thing when you put out good news and then a week later, you get the dilution news to knock you down. So at least they're giving them at the same time. But again, it's just a trading environment where

they're penny stocks. And until there's a significant narrative that latches on to social and mainstream media, you got to be selling positions into strength to stay on top of things. So still very interested in the sector. But again, it's a very immature sector at this point. Yeah, so you got one more up there. Gold, I mean, what I love about, so gold all-time highs and crypto people, boring, 8% over two weeks is a huge move. Who cares? I get that. But what I love is the market dynamics where things that crypto has taught me are translating to helping me make money in other places. Meaning, you know, we know Bitcoin runs, Bitcoin starts trading sideways. We look for the

laggards and we look for the profit rotation. And gold did the same thing. Gold breaks out to all time highs. And while it's trading sideways, you know, you get silver making a laggard catch-up move. You get platinum and some of these other metals getting their catch-up move. Not huge, but... And the miners. These miner stocks have been very underperforming gold significantly. And they're just playing a little bit of catch-up. So it's almost like flashing signal from Big Daddy. And then, okay, now it's safe to put your capital elsewhere. And that's what you were just talking about with Bitcoin

to the level one, down to the meme coins. It's trading psychology. It happens in sectors. No, NVIDIA leads the way up. All right, who are the smaller AI companies that are going to benefit? And it's just fascinating to see that play out in all these different kinds of markets. Yeah, it's interesting is that the miners have lagged in both markets. That's very true. Yeah. These these these I've been astounded. And it's the kind of thing where like I was not predicting it, but I was saying like, hey, watch out. You know, there could be a bear narrative with the halving. And, you know, it's big money is without a doubt hedging by long in the ETF and Bitcoin and shorting these names.

And, you know, I just feel bad for the people that were right with the narrative. They buy these names because they think Bitcoin's going up and they're losing significantly. And it's just it's brutal. You know, it's it's the fundamental narrative that just can can shift at times. And that's why the charts, you know, we can see the red flags and we can see the relative weakness and it helps us from getting attached to the narrative. Yeah. I haven't even looked. Yeah. I'm looking now as we're talking. I didn't even realize how bad the miners have even still been continuing to bleed here. Almost back to my entry on some of them. But I think that after the happiness, fundamentally strong ones are going to go nuts and then some of them. But I think that after the happening, the fundamentally strong ones are going to go nuts. And then some of them will continue probably grinding down.

James Butterfield was on here yesterday. He kind of broke it down. He's like, some of these guys, if you look at their core business, they have a $20,000 floor for where they're not profitable with Bitcoin. Those guys are going to go nuts. But he's like, some of them need Bitcoin to be $90,000 after the having for them to survive. So I think that we're going to get a sort of finally, instead of maybe the sector all moving together, we will start to see some winners and some losers within the mining section, but maybe I'm wrong. Yeah. The major three I watch are Riot, MARA, and now CLSK more and more because CLSK is clearly standing out as a lead bull. It's going CLSK, MARA, and Riot in terms of their ranking. But maybe there's trade opportunities here. The back of my mind is, well, if Bitcoin does pull back 10%, 15%,

20%, these names are positioned extremely well for bears. But you got support zones coming up on MARA, and maybe it's time to recycle this trade. But I have to see the relative strength return. And it's just on a consistent daily basis, I'm astounded at how I'm watching Bitcoin go up $500 and these names going down at the same time. Yeah, it's been pretty wild. All right, man. Well, thank you so much. Always appreciate it. It was great that Raul brought us such a big audience today. Yeah, it was you and I. It was an honor to follow. 100% you and I, but it's always amazing to have him on and always great to have you to keep us grounded and realistic about what's coming because we can

get into those sort of like theoretical conversations about what's happening. Then you can dig in the chart and say, hey, maybe chill guys for a minute. Yeah. Long-term no touch and then shorter term take profit positions. And that's the happy place. Yeah. I love that guys. Of course, check out Dan's YouTube and follow him on Twitter X, whatever we call it these days. I don't know. And tomorrow at 9am Eastern standard time, it's a Friday five with Nathaniel Whittlemore NLW. And then next week I will be back with my actual screens and in my studio and stuff and doing a much better content that I've managed in front of this cream color curtain. Dan,

thank you so much, man. I appreciate you. See you next week. See you, Scott.