The Wolf Of All Streets - The Bitcoin Floodgates Just Opened, Here’s Why Demand Could Go Parabolic

Episode Date: May 20, 2025

Discover Bitcoin Yield: https://archpublic.com/ Bitcoin demand is surging as JPMorgan opens access for its 80 million clients to buy BTC, signaling a major shift in traditional finance. Meanwhile, the Senate advances the GENIUS Act, potentially ushering in a new era of stablecoin regulation. On top of that, Bitcoin ETF inflows are skyrocketing again, with the basis trade nearing 9 percent. Join Paget Stanco from Gemini, Andrew Parish, and Tillman Holloway from Arch Public as we break it all down live! Paget Stanco: https://x.com/Pagetgrace Andrew Parish: https://x.com/AP_Abacus Tillman Holloway: https://x.com/texasol61 ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►► Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities! 👉https://archpublic.com/ ►►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 Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.io/ Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #ArchPublic 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.

The Bitcoin floodgates just open to who you may ask the 90 million clients and customers of one JP Morgan led by Bitcoin's biggest fan Jamie Dimon who's had nothing but good things to say about Bitcoin historically. It's his favorite asset class. He loves it and loves talking about it. Yeah, we know Jamie Dimon doesn't love Bitcoin very much, but his 90 million customers probably will. We're gonna discuss that and everything else happening

in the market with Andrew Parrish and Padgett Stanko from Gemini. Tillman has ghosted us once again. No, it's his kid's birthday, so we're letting him do that. But either way, we can now make fun of him, which is great. See you guys in a minute. What's up, everybody? I am Scott Melkor also known as the wolf of all streets. Before we get started, please subscribe to the channel and hit that like button that literally doesn't

work. It's like I it's such a habitual thing for me to say it but you're all indifferent. It sounds stupid. I'm gonna stop saying it remind me tomorrow that I'm gonna stop saying that I'm just gonna start talking at the beginning of the show. Because I have amazing guests like Padgett and Andrew to talk to, it's dumb. I don't know, I say it every day. Every YouTuber I think has a thing.

It just becomes habitual. Like I'm George, you're George, we're all George and stuff. But mine's dumb. I think you gotta throw it in the middle, Scott. Different cadence. Oh, maybe that's it. I need to like to more emphasis on a different syllable or something.

By the way, I wanted to give a quick shout out to Tillman who is not here because it's his first child's birthday, Mary Lane. Something that people don't know about Mary Lane. She is like the number two or three rated in her class pickleball player like in the entire United States. Yeah, she pickleballs with me. So she is fantastic. She's awesome. And just gonna give a shout out to her.

Happy birthday. Well done Tillman taking the day with family and she's a pickleball star. So very cool. Pick a baller if you will. That's right, indeed. Happy birthday Mary Lane. That's right.

Happy birthday Mary Lane. Seeing as he's gonna have to show her this. That's right, that's right. That's great. This is the best thing that probably happened to her all day. I would imagine getting a happy birthday from Andrew. But hey, let's talk about the news because I brought it up. We'll start here.

JP Morgan CEO, Jamie Dimon says the bank will let clients buy Bitcoin. Thanks, dad. Obviously like finally, you know, he's gonna let you get 45 minutes on the iPad instead of 30 minutes, it sounds like. But yes, Jamie Dimon, long time hater, king of the haters in fact,

is gonna follow in the footsteps ofater, king of the haters, in fact, is going to follow in the footsteps of his competitors, especially Morgan Stanley, who made a similar announcement just a few months ago, and allow all of their clients access to Bitcoin, I think before correct me if I'm wrong, but their wealthiest clients had access already. So I think it was like some above 2 million portfolio, there was some benchmark that you were allowed to maybe call them and think about.

Yeah. But now you can you can get it. They're not going to custody it. And I'm pretty sure it's still just ETFs, but still a step in the right direction. Yeah, it's it's watch what they do, not what they say. Right. So JP Morgan is making plenty of money on the authorized participant side, as they've got their hands and fingers associated with the Bitcoin ETFs. You know, they're an AP on BlackRock CTF, which just passed 65 billion in AUM, which is extraordinary. So again, here's the thing, JP

Morgan has been making money on Bitcoin for more than a year, and now, hey, we'll let our retail clients have access to it now. You're right, inside the JP Morgan world from a wealth management side, there's two different types of wealth management at JP Morgan. There's JP Morgan quote unquote wealth management at JP Morgan, there's JP Morgan quote-unquote wealth management which is garbage and sucks and then there's JP Morgan private bank which is for like the real significant rich

people. So those JP Morgan Morgan private bank folks have had have had access to Bitcoin ETFs for I don't know six to nine months at this point so now they're giving access to you know lower capital intensive type clients you know under the five million mark that do business with with JP Morgan so always an interesting you know commentary from Jamie Dimon but again it's watch what they do not what they say because they've had their fingers on Bitcoin for a significant amount of time. It's just, okay, who else do we allow to be involved

with this after we've made enough money? I mean, Patrick, at the end of the day, they're just gonna always do what they can to make money. Right? Yeah. I mean, listen, you got JP Morgan, like they have JP Morgan coin, right, that they use for settlements. They settled a like, transaction, a tokenized transaction last week for the first I mean, JP Morgan is so deep in crypto, it's ridiculous. But still opening this

to their clients is a big deal. Right, Padgett? Yeah, I think, you know, it just shows we're trending in the right direction. That sentiment 180 from Jamie at the top being one of the most intelligent, influential investors globally, right? It means something. So yes, they have had access before. Yes, they have been involved and are making money in this asset class, but now saying that they're going to get access to more.

So I think Andrew's right. Let's see what they do, but definitely awesome to see and excited to have him say it so publicly. I guess it'll be interesting to see how much demand there actually is from JP Morgan clients. And if those JP Morgan clients who wanted Bitcoin exposure already found it elsewhere.

Yeah, got it. The thing that I find laughable here anyway, it's like if you have a JP Morganorgan account for whatever and like you were dying to buy a Bitcoin ETF, you probably just like open to D trade account or call Schwab or whoever else would allow you to do it. Right. Yeah. I can't imagine there's people sitting in Vanguard who are like, I just can't

wait for Vanguard to finally allow me permission to like, yeah, no, no, it's fairly well known in the world of wealth management that JP Morgan is not good at wealth management. And here's the reason why. They have a an enormous amount of proprietary product, right? So they, they do all sorts of JP Morgan branded stuff that they will first put into your account before anything else that that is still a real thing at JP Morgan branded stuff that they will first put into your account before anything else. That is still a real thing at JP Morgan. And it's why branding still matters no matter where you are. JP Morgan is a huge brand and people instinctively believe if they're at Goldman Sachs or JP Morgan, my money's safe. Well that allows them to create less than type of product and people scoop it up and eat it up whereas they would be better off using

Vanguard type products. So JP Morgan just remains an interesting bellwether associated with the movement that we're in in digital assets and and wealth management overall and the place that Bitcoin is taking in that traditional world because it can't be ignored. I mean we're at the point now where I think BlackRock is now second just behind Satoshi in total Bitcoin underneath their iBit brand, they passed Binance, I think. And they're, I think one of the Bloomberg ETF guys put out a little chart today that they've, the only one they have to pass now is Satoshi,

Satoshi's wallet. Easy. Yeah, so- They're gonna pass that easy. I don't say that sarcastically. Like there's only one direction for these things over time, not the bands. Yeah.

It's so JP Morgan is an interesting headline. Jamie Diamond is an interesting headline. You know, they just built this huge building and it's got diamonds all over the outside of it in terms of the picture, surprisingly. You know, so the guy's ego is bigger than most, but still interesting when he talks about Bitcoin. Yeah, I think generally speaking, right, the traditional banks are slow movers. So hopefully we see more momentum here and more to follow.

Yeah, like I said, it's inevitable. A Vanguard may actually just hold out indefinitely. That would not surprise me just because they made such a stink about it. But Jamie Dimon, even in all of his dismissiveness, always said, Listen, like, I don't think smoking is good, but I believe people should be able to smoke, right? But he literally said that, right? But he's always said, we're gonna do what our customers demand. That's our business. Maybe more interesting

to talk about how this is meaningful because of just how powerful they are. I mean, Padgett, right before the show, we were saying, hey, we can talk about tariffs and how, you know, Bitcoin is kind of decoupled to some degree. But interestingly, he was one of the louder voices when the tariffs were announced and there were some meaningful changes after he may or may not have had some meetings

with the administration, right? So like these guys are powerful, really powerful. Definitely, I mean, I think again, he's one of the most influential investors, globally speaking. And so coming out and making this statement and opening up the rails for their clients is in the right direction. I think it's like moving a cruise ship.

Takes time, but lots on board. And norovirus. Everybody gets sick on those things. I won't go on one of those for money. Bring in the negative, it's okay, Scott. It's fine, I mean, I like what you said. I just, cruise ships, they give me like the serious. Never been on one, I will say,

so just an analogy there. Yeah, you're right. Just don't call me. So listen, Jamie, can we call Jamie Diamond Jim? Jim? Yeah. Because I just wanted to do a segue to another Jim, who is always right and is obviously in our favor.

It's Jim Cramer. Justin, Jim Cramer says, buy Bitcoin to hedge excess government debt. Yeah, no, no. How rude are we? Yeah, let's ignore that he's two to three years behind this particular narrative, right? So hedge excess government debt.

When Larry Fink was orange-pilled 18 to 24 months ago, that was his beginning trope, is that Bitcoin at minimum is a great hedge against do governments get out of control? So Jim, that's not good. That's not great. That's not great. I mean, Jim, yeah, being pro Bitcoin, it just feels, you know, when we're sitting at, you know, near the highs, heading into the Bitcoin conference,

Jim, just don't say anything. Don't say, I know we have this like sentiment that price always goes down during the Bitcoin conference, right? Like it's always kind of bad. Don't say anything. I know we have this like sentiment that price always goes down during the Bitcoin conference. Right? Like it's always kind of bad. Yeah. Last year didn't. Yeah. I was gonna say, I don't know that that's factually true.

I remember being there like in 21 and it was brutal because that was when it was like way up, way down through the summer. And it was like in June and we had just gone off a cliff from like 65 to 35 a week. So, but you know, maybe they get the unfair sentiment from that. There I remember, I remember in Miami, you know, they had a big board and at that point, I think this was 22 actually, you know, they had a big board with the price

and it was, you know, in the 43, 44, 45 down to 42. The next day you walked in, it was 41. So yeah, it was not, it was not fantastic. But every person who was ever going to buy Bitcoin in size on the planet at that point in time was there. You may need to start incorporating some booyah buttons and trackers as we head to Vegas next week. I have this thing.

That is outstanding. There's a few of them here. They're pretty funny. They're buttons. So let's talk about though that decoupling, right? So we have a few of them here. They're pretty funny. They're buttons. So let's talk about though that decoupling, right? So we didn't really get into it, but obviously markets have done well.

But Bitcoin, as I've kind of said, performed like a great hedge fund since Liberation Day, right? It's outperformed to the downside, which is what you want from your hedge fund, but then actually outperformed to the upside as well, as much as we've cheered the V shape recovery and stocks and tech doing well. Yeah, they got back to where they started and slightly above Bitcoin was at 82. It's at 104 105. I mean, wildly outperforming everything, both to the downside and upside. Incredible, incredible price action to see.

I don't know if we can extrapolate. I mean, from the Gemini perspective, Padgett, what does that look like to you guys? Yeah. I mean, I think you hit the nail on the head. Bitcoin has held up relatively well, particularly in comparison to some of the other assets. I think we touched 107 on Sunday. And so, you know, I think generally we're seeing Bitcoin finally come through as a unique asset.

It's showing strength in the past month. And so I think, you know, regardless of the Bitcoin conference next week, you know, sky's the limit, I think from a Gemini perspective, continuing to see high volumes, lots of activity come through. Obviously, those price points and all-time high weekly close last week was fantastic. I would ask you guys, where do you see Bitcoin going next week and kind of trailing into the summer here?

Scott, give us your thoughts. Honestly, I'm a contrarian here. I loved the idea of the highest daily and weekly clothes. And I'm not bearish guys ever. It's a time frame thing. To me, I started to feel that peak irrational euphoria on a Sunday pump when it's just like some company bought a bunch and nobody else was in the market.

And technically to me, it looks like we should go down a bit here first. But then, so yeah, if I had to make a prediction, I'd say we're like somewhere in the mid 90s during the Bitcoin conference, just to keep everybody measured. And then we probably fly again, you know, I don't know into summer or after summer.

Summer always sucks too. Even in the best part of the cycle, summer always sucks. Yeah, there's the concept of selling may go away, still exists and given that Bitcoin continues to be more and more of an asset that's integrated with traditional finance, you're gonna see some of that, especially when we're at 104, 105, 106, over the past 24 hours, there's gonna be a a percentage a subsection of money managers involved in the

asset, they're gonna say, all right, we're up 35% since the lows 45 days ago, maybe I should chisel off some here and you know, spend some time in Montauk. You know, I don't I don't feel like people are so excited about the macro still. Even though stocks are up, to me, it just feels like there's still so much uncertainty. Like one more headline that China decided not to talk this week. Yeah, my guess is that there's going to be enough announcements at the Bitcoin conference

associated with additional treasury companies. There's going to be an announcement or two associated with a Bitcoin balance sheet. 5% or 10% of treasury's going to be an announcement or two associated with a Bitcoin balance sheet, you know, 5% or 10% of treasuries going to be put into Bitcoin. I think those things are going to happen. That'll be meaningful to price. But could we be at 95 in a week from now? Could we be at 107 to 115 a week from now? Sure.

Yeah, sure. Sure, we could be. We're now sure. Yeah, sure. Sure. We could be. But you're right. You know, could there be a pullback, a healthy pullback after a 35% run up? Absolutely. And again, it's all in context, right? So a 5% or a 10% move in Bitcoin now is a significant actual hard dollar number as opposed to when it's at 41. That hard dollar number is very very different. So a 10% move is down

into the 90s in a significant way right now. As opposed to before, if you're at 47 and you go down 10%, you're still in the 40s. You're still in the 40s. It's not this emotional trigger point under 100K. So those percentage numbers in terms of hard dollars get bigger and bigger. It's why when traditional markets like the Dow is down 1000 points today or up 1000 points, that's not as big of a deal as it was

when the Dow was at 17,000. A thousand dollar Bitcoin move is not even 1% anymore. No. I'm old enough to remember $4,000 to $3,000 being like, it's literally over. Yeah. Yeah. So the game has changed a little bit here. And price movement, when we go from 109 to 116, everybody on crypto Twitter

is going to be losing their mind. But traditional asset managers are going to be like, oh, we're up 3 and 1 half percent. That's a good day. Well done. Well done, new asset. Yeah, I think I agree with you both. I think the uncertainty is still here.

The 90-day cool-off China, US tariff period right now, I think we could see more activity closer to that coming up, right, that 90 day mark coming up, but we'll see what happens, right? Do we continue with a trade war? Is there some sort of truce? It'll be interesting. But, yeah, I mean, have you heard of what the big

announcements will be in Vegas? I mean, Andrea, heard of what the big announcements will be in in Vegas? I mean, Andrew, I think kind of touched on them. But we know this is the place I literally wrote a newsletter about it yesterday to say, hey, man, everything changes in a week because we know there's gonna be something right. I mean, Buckele's announcement was at the Bitcoin conference in 2021. This is where we get all the big news. Got JD Vance, couple Trump's bunch of world leaders going to be there, certainly all the politicians. There's gotta be, Cy, there's gonna be three or four of these huge things. Yeah. It's a move but we should see some.

Yeah, I think there's a lot, yeah, I think there's a lot circulating and you're exactly right. There's a lot from a political standpoint who are gonna be, you know, on the ground and have speaking spots. So there must be some sort of announcement. What they are exactly, I am not sure, waiting to see. Andrew, you don't have hints. Yeah, so I mean, there's a reason why Robinhood's CEO is going to be speaking at the Bitcoin conference, right? You mean with me in the Arch public room

on Tuesday at 4 PM. That's absolutely true. That'll be a more important speech. Not saying that I just arranged that to the... But there's a reason why certain, you know, if you look through the speaking bubbles that they have on the website, you know, you're gonna find some interesting folks

that may have some things to say that could be compelling, whether it's public companies or not. Yeah, there will be some announcements. It is interesting that Nakamoto is now the title sponsor. Yeah, so someone will be a title sponsor. So there are going to be some announcements. The scale of those announcements, I'm not sure. But all you have to do is follow David Bailey's Twitter handle to know that they have to cook up something, right? And it's got to be relatively large. Last year, the fact that Trump showed up, again, still blows my mind.

Last year was wild. Yeah, but he wasn't even, you know, he wasn't president at this point. Now we have a sitting vice president that's going to be at the Bitcoin conference. Elon Musk was supposed to be on stage with him, and then they got in a like tiff with the conference about whether it was going to be a fireside or he's going to like be next to him or behind him in front of him. And Elon's plane touchdown and then took back off. Do you guys remember any of this?

Yes. It was insane. Yeah. Nashville, honestly, Nashville wasn't well-prepared to handle the scale of all that. Now they're ready. Yeah, I mean, the super service, it's wild. Yeah, Vegas is gonna be able to deal with the deal.

Yeah, it's going to be huge. It wouldn't surprise me if we end up with 50,000 people in total over three days. That wouldn't surprise me at all. Crazy. Just to tie in on the Tesla piece as well, Jim and I's got some exciting Vegas events as well. We excited.

We announced yesterday we're actually going to be giving away two Cybertrucks. as well. We excited we announced yesterday, we're actually going to be giving away to cyber trucks. So that should be pretty fun and fun commotion, a good Bitcoin orange cyber truck, you know, pertaining to our credit card campaign. So just a tie in kind of Tesla and Elon and obviously our founders, Cameron and Tyler will be there as well. So there's a lot going on. Hey, Andrews, is this an appropriate time to ask Paget if we can get Tyler and Cameron for an interview?

Don't worry. It's already been asked. We'll let you know about that. I mean, if you tell them that Vlad's coming over. Yeah, they're working on it internally. They're working on it internally. They're working on it internally. I get enough corporate speak with Patchett and folks from Gemini. I don't need it on this show.

Okay? Our people will call your people. It's working through the motion. So listen, I know, Patchett, you got to go pretty soon, but there is another really interesting story here that I think is worth discussing because you actually see the volume and the price action probably on your side. Bitcoin ETF inflows surges. Basis trade nears 9% signaling renewed demand.

Investor confidence rises as Bitcoin holds above 100,000 and basis trade yields approach 9% drawing strong institutional interest. We've talked about this a million times for everyone, but what that means is you basically buy spot Bitcoin or you buy an ETF. In this case, it's been iBit across the board. And if you're wondering why iBit is getting like 70, 80% of the volume, it's because it has options on it. And this is the one people trust for this trade.

But 9% annualized by shorting the futures and just simply buying spot is double what it was even a month ago. So we saw this trade being huge, then we saw it unwind because it got less attractive, now it's huge again. So if you're wondering why we're seeing these kind of insane, it's not here, but insane inflows, that's probably the reason

for the huge bump there. Well, I can speak to the fact that hedge funds still exist and this is what they do, right? I mean, they arbitrage volatile assets and they find really creative ways to do that. And so whether it's options, whether it's the price difference between Futures and Spot, you know, think about that, you know, when Futures opened on Sunday, right? You know, one could make the case that not only was there a whale and finance and some stuff going on on Sunday,

but also you had futures pop to the upside very, very quickly at 6 p.m. on Sunday. And again, there are forces at work here that will do two things. I think in the short to middle term, it will serve to push Bitcoin significantly higher and that's options, futures. There's lots of stuff being built around and volumes starting to really explode around Bitcoin, right? On the edges and let's, you know, a

lot of people like to call it paper Bitcoin Well paper but paper anything can push a spot Asset commodity significantly higher it can also push it lower. So be careful what you wish for, right? But this isn't going away. This will grow Options and futures volumes will significantly grow over the next nine months The question is you know how to spot Bitcoin, respond to it, what movements in the price will actually happen. A reminder that, you know, I don't know, four or five years ago, you know, oil actually traded negative. That was weird.

So point being is, is that we get in this spot where the ancillary versions of the commodity are, it's where all the volume is, we're getting close by the way with Bitcoin, wild movements can still happen. Patrick. Yeah, I think really interesting for sure seeing a lot of activity on the spot side. I mean, you know, plug for Arch and the dollar cost averaging capabilities that are capable via that algo, right, and why people want to use it and what's

attractive. I think, you know, we're seeing a lot of activity through Gemini's, you know, OTC desk and our trading team and offerings there as well. But yeah, I think generally, you know, exciting But yeah, I think generally, you know, exciting to kind of have that activity. I think, you know, regardless of an ETF or not, we're seeing so much spot directly through the Gemini platform, obviously, as well. And so all positive momentum, I think, across the board. Quickly, talk to me a little bit about the OTC desk. Is that how, like, the larger institutions actually participate in a trade like this? Yeah, so Gemini's got two OTC options available.

We've got a voice OTC desk in traders globally. And so placing those on your behalf and being able to execute a TWAF or whatever it may be outside of the exchange as well. And then we've got an EOTC, an electronic over- electronic over the counter solution as well that allows for an intraday credit line net end of day settlement. So obviously a lot of ability there to not have to have fully pre funded for those trades to go through.

Yeah, there's there's this idea that OTC trades don't really affect price is that obviously, if you threw a couple million on the exchange about on the open market be different, but they definitely affect price in my. And you're humble. Yes, in my humble opinion, Andrews laughing at us. So you think they do affect price, Andrews? Is that what you're saying?

I'm reminded of a 90 skit on SNL where Sandler, the only answer he gives on the jeopardy is who are the marketing geniuses that came up with this one, right? That's my response to OTC doesn't really affect price. Like, wow. Yeah, I mean, you know, there are people that are really smart in the space. And then there are those that think that. And so yeah.

Yeah, in the space and then there are those that think that. And so, yeah. Yeah. I think Kramer is behind you. Yeah. I can see Kramer moving. There he is. Come on, man. You can put literally anything on TV. Put Pulp Fiction on.

Oh my God. What are you doing? Again, a reminder that the scale of the Bitcoin ecosystem And then a reminder that the scale of the Bitcoin ecosystem, we're still, the growth is going to be something to behold two and three years from now. Our conversations about it will be significantly different 24 months from now because of the opportunity associated with volatility and the ability for Wall Street to profit from a new volatile asset versus everything else that's fairly commoditized in terms of pricing. So they can charge a premium for products and for the movement of that product right now in ways that they can't on gold or S&P, whatever it happens to be. All of that stuff is

essentially the same price across all of Wall Street. That's not the case and won't be the case for a while on Bitcoin, which is why the fantastic black itself and then all of the ancillary things that are built around it will explode over the next two to three years. Andrew, I gotta say, you know, you've got the devil on your shoulder over there, Kramer. We had Elon pop in. I'm getting a little distracted. Yeah, we need like someone to offset it on your other shoulder. Exactly. Balance. We're gonna start playing with that TV, have a split screen, and see what we can do with it. Patrick, do you have like two more minutes or do you need to

go? Yeah, I can stay on. Because there's one more story we got to talk about, which is obviously this genius act, passing clouture. It's a word they made up last week. I'm convinced that never heard that word before. Really fancy clothes or closure. And I don't know which one it is. Couture clouture sure.

But crypto industry cheers progress and historic stablecoin legislation as Senate advances genius acts. So of course, everybody cheered that they had passed it. But that's because people are dumb. They didn't pass it. They basically passed the right to debate it. And then think about passing it. But still, this was very much in question a week ago.

Now at least we've made progress, but I think still not out of the woods, right? Yeah, not fully complete yet, right? But I think generally speaking, getting to the next step here, making it onto the floor. And I think generally speaking, right, it's just showing maturity in the regulatory landscape right now. So trending in the

right direction. I think we'll push more institutional growth, hopefully. But not not conclusive yet. Gemini is a stable coin. We do know you guys have to be watching this very closely. They also listed the ripple stable coin. Yes, they did. That's the other story. We didn't bring it up. But it says ripple and Coinbase, informally in discussions to buy Circle or USTC, which is interesting because Circle

supposed to go on public. But I guess one of those could just buy it and keep it private must be nice to just be like, let's buy that. Well, it's circle is smart enough to be involved in these conversations because their IPO would be suboptimal given that they give away like a large portion of their revenue to Coinbase. I was gonna say, isn't Coinbase basically already owns it? Yeah, they are. Ripple's just making it interesting, would be the commentary there. Here's the thing again about the next 18 months associated with just crypto overall.

The amount of capital that's going to flow into the space is going to be extraordinary. Why? Because the capital markets have opened up to to crypto in general and what does that mean? Well galaxy just had an IPO, you know, we've got Nakamoto now there's going to be a significant amount of IPOs that happen in the space and that just means that those organizations are flush with cash like big-time flush with cash and Another currency which is their now public company and those shares, right?

So the amount of M&A that's going to happen in the space is going to be whiplash type stuff. It's gonna happen like crazy. So this is just a little precursor to what's going to happen at large, you know, over the next 18 months in the space for sure. Yeah, next is gonna be Gemini buys Coinbase and Ripple. Tell the twins to call me, man.

I've got ideas. You realize there's like a PR Gemini person like on the other side of the camera for Fadgett being like, you can't say anything. You can't come on that. Smile. Smile. Yeah, I'm sorry. Oh, gosh. Well, look forward to seeing you both in Vegas next week. Exactly.

Gentlemen, but but truly look forward to Vegas next week. I think we're going to see some exciting announcements across the board. Obviously, look forward to being with both of you. And follow up from there and see what we'll probably have some exciting things to report back on. Awesome. Can't wait. Yeah, it's going to be fun. It's going to be huge. Andrew's actually going for a ripple conference, not actually for Bitcoin Vegas, but totally on brand for me.

I told him it was probably at a circus circus or like the palace station casino with $1 craps off the strip. But I knew I'd get in trouble with the XRP people. So I can't say that aloud. I did not at all get in trouble with Charles Hoskinson and the Cardano people yesterday at all Had some tweet had some As a journalist you need to be you know, you need to be Just a dude with a channel anyways pageant, thank you so much. We will see you next week. Everybody give her a

follow down below. It's right there in the description and I will see you soon. Awesome. Thanks, guys. See you next week. I'm getting in so much trouble lately. Yeah, so Padgett's fantastic. Jim and I does a great job, but it is interesting, you know, in these moments to talk about stuff and to see what she will and will not talk about. I do.

I'm not trying to like put people on the spot. I, yeah, I do. I want to make it really uncomfortable. Actually. She's, she's lovely. It's just like, you know, we've been asking, it's what's, well, sit down with those guys, you know, talk about, um about history with Mark Zuckerberg, things they like. Yeah, right.

It's a double edged sword. You know, Gemini does a great job in terms of, you know, when you work with them, when you're a customer with them, when you custody with them, you're in a good spot, right? Because you're effectively custodying with the Winklevoss twins and they're their Bitcoin. But at the same time, you know, they're in a position where they're heading towards an IPO. So they're they keep things pretty tight there over there from a messaging standpoint. Yeah. Yeah. You know, who doesn't keep things tight from a messaging standpoint?

Yeah, that's right. My segues are on point today. They are. They absolutely are. The Bitcoin yield algorithm, the numbers tell the story. Twenty-five percent Tigger, Tagger, Cogger. Yeah, we're going to be all over the Bitcoin conference. We're sponsors of the whole whale experience, whale lounge Whale Stage, all of that stuff. I mean, if you have a Whale Pass, you'll be sitting on our logo or even on the seats in the Whale Lounge.

So we're going to be everywhere. And for us, the conversation is going to be about Bitcoin yield because there's several ways to go about it. We think the conversation is going to push there as products are built around Bitcoin. But most of that conversation is going to be about giving up custody of Bitcoin, giving it up to a third party, even if it's a bank, right?

So banks can now custody Bitcoin. You're gonna give it up to them for some sort of yield. That's not what we do. We don't want custody of your Bitcoin. We don't want you to give it up. We don't want you to lend it We don't want to leverage it Bitcoin volatility gives you the ability to create yield in a very significant way Without having to give up custody and that's kind of the whole point of that post is Over the last four years, you know, our Bitcoin yield algorithm has been able to produce plus 20% in annualized yield and give you a 25% kegger.

Whereas currently, you know, that same four year period, if you just buy and hold, that number is 16%. Same four-year period, if you just buy and hold, that number is 16%. We get asked all the time, well, what about just buy and hold? Again, buy and hold is the way that Wall Street wants you to do things because it makes things simple and you don't outperform them. The ability to use technology that doesn't exist anywhere else is institutional in nature and is making trades for you while you sleep at two in the morning at five in the morning. You know, john Deaton's done a great job of talking about things that are happening throughout the day when he's

in a deposition or when he's in court or when he's dropping off his daughter at school and our algorithms are executing trades at levels That are just simply extraordinary you know, we take a look at a Bitcoin chart and we you know our algorithm our arbitrage algorithm, you know Exited a small trade up at 107 and so, you know, exited a small trade up at 107. And so, you know, take a look at our arbitrage algorithm. It's 2.23x long bias, meaning that every time a purchase is made, that you're buying significantly more Bitcoin than whenever, anytime a

sale is executed. So yeah, there it is. So currently our algorithms support Bitcoin, Sol, XRP and Ethereum. So there's the exit, right? So Sunday evening the market's going crazy, nobody knows why, nobody knows what's going on. Are you as an individual sitting in front of your screen saying, well I know what's going on. Are you as an individual sitting in front of your screen saying, well, I know what's going on and I'm going to exit at the top of this green candle going to the upside at 107. The answer is no, you can't do that. Of course you can't. And so two things are really important. Yeah, two things are really important. One, this is institutional tech that you can't find anywhere else other than ArchPublic.

Two, because we believe in this tech so much, we give it to you for free. So if you want to try it before you buy it, or if you're in a position where you can only use 10 grand per year to use our products. You can use it for free forever. Yeah, but if you want to use it at scale, you want to use it at real scale, you know, talk to us. We have different levels of scale that you can use on an annualized basis. There are dudes who are popping like 400 trades in a day using instances. It is. Now we have people that, know on Sunday or like 13 trades happened, right? One of our customers you know told his wife, hey we just made three grand in cash because the algorithm while they were eating dinner on Sunday. So it's really cool to watch. We have

corporations engaged that want to do Bitcoin balance sheet, treasury type stuff. They have to have a plan, right? Like they can't just say, hey, we're going to talk to our board next week and we're just going to smash by at 105. That's not how it works. You have to have a plan. So we do that for corporations. We do it for RIAs. for corporations, we do it for RIAs, just give people access to a tool that gives them some set of rules and some set of circumstances that they can then use and use in the way that they want. So again, these tools, they're not just point and click type tools, right? So certainly we

have case studies and certainly we have certain types of settings where people can just use those and the results are the results. That's why we put out case studies. But the truth of the matter is, is that you can get in there and turn all those dials, it's user driven and it's connected to TradingView. So if you wanna say, well, what if I do this?

Or what if I do that? Or what if I do this here or change this? TradingView is to show you, well, this is what would have happened in the last year. This is what would have happened in the last four years. This is what would have happened in the last week. It's going to show you those results and you can dial that in in any way that you want. People that get involved with us, almost every week, they find a new layer. They're like, wow, I didn't know it did this. Wow, I didn't know it did this. Wow, I didn't know I could use Solana volatility, grab cash yield and put it back into Bitcoin. And now I'm using another asset to build my Bitcoin stack. Like it's pretty extraordinary stuff. People love it. And we're going to be talking

about it like crazy at the Bitcoin conference in Vegas. Yeah, that's talk. So like, let's talk and right? You show that it's called the deep. Uh-huh. That's right. Whales swimming. That's right. Whales swimming in the deep. Right? Uh-huh. Yeah. Honestly though, whales, they have to breathe at the surface. I'm sure that you, whatever. Yeah. Arch is going to have a private suite there and Scott is going to be joining us in the, what I would call the intimate conversations that we're going to be having

with Scott and with some pretty unique guests. Scott can talk about that. It's going to be extraordinary. It's really new. I guess so far we've got Caitlin and John. I've only done some, you know, it all happens, but Vlad, CEO of Robinhood. We got Jack Mahlers.

Yes, yep. That's great. There's some others that I'm working on. I've only casually worked on it thus far because I'm me and I'll make the plan like a day before, but it's gonna be awesome. And those will be like recorded obviously for a podcast and distribution,

but also available only to the people in that room who can listen to it while we're recording it. Yeah, so again, in the room, the experience is going to be, you know, you have 25, 50 people that are in there, you're going to be rubbing shoulders again with the likes of Scott, first of all. Don't touch my shoulders. I get COVID in every single conference.

Second of all, you know, Vlad, the CEO of Robinhood, Jack Mollers, Caitlin Long, John Deaton, these are extraordinary thought leaders and folks that have done exceptional stuff in the world of Bitcoin and finance overall, you're gonna have the ability to have some back and forth with these folks. We're gonna do some Q&A stuff. And then on top of that, you know, we're gonna have an open bar in that space. Yeah, we've got a couple of waitresses. Terrible idea. Let's do that. My interviews are gonna be so much better by five.

We even are doing a thing where, like for the, for Flats Talk, we're gonna have a specialized drink that will be color coded for Robin Hood's colors, right? Caitlin Long, when she's there, you can imagine that the drink that we're gonna be serving there will be very orange, right?

So yeah, we're gonna do some really unique and fun stuff. And so interact with us, interact with the people that we have relationships with. Scott's gonna be there, it's gonna be an exceptional. Hey, who won the tickets? Who won the tickets? Oh yeah, we got it, okay. So we'll announce.

I just remembered that. Yeah, we'll announce the winners later today and you can send it out. Can I tweet it? Can I do the tweeting? Yeah, we'll announce the winners later today and you can send it out. Can I tweet it? Can I do the tweeting? Yeah, you can tweet it. Did I just put us on the spot for fucking? Yeah, you did.

No, no, no, it was a good reminder. We've already got it. Can you have Tyler call me? Come on, man. There are some circumstances there. I mean, Jim and I had. I've been waiting for the, I just want to be like a short guy between two trees, having a conversation.

Yeah. It's normal. It's like, I've interviewed everybody in this space. I've interacted with them on like, but I've just never, it's just never happened with those guys. Like then like them and, I'm supposed to do Brian Armstrong in June, but that's it.

Like that's it. Yeah. You know, it's like, these are my unicorns I'm chasing. Well, I have a good feeling that we may be able to pull it off at the Bitcoin conference. They will be in close proximity to Arch Publix Suite. And so, yeah. It's gonna tackle them.

Yeah, come find us. We have some really cool stuff going on there. We have an extraordinary giveaway that we're doing at the Bitcoin conference in the whale space. the the right? If I'm flying, it'd be a problem. But if I come, yeah, it would be a problem. I wake my ass up super early and we'll do this. I was like, wait, what we're talking about is literally like during right now in a week. Exactly. Perfect. Awesome. It's early though.

Yeah, come, come find, come find us at the Bitcoin conference. You won't regret it. Yeah, we'll see you there. And as you can see there, Archipel, I got it here. Wait, you gotta do the thing. Archipel guys like, no, you know, it just works. It does. It does.

It works. Everyone who's done it is super happy. There's literally thousands of people running this thing on Gemini. No complaints. People that joined in March and April, they were making purchases at 74, 77, 79, 81. And we're now at well 104 and in going lower, but either way lower, like probably like 10. Shout out. That's all we got for you today. Just Cameron, Cameron, I know

you're watching. Call me. That's right. Let's do this. All right, man. Take the gannery thing off and do the thing or whatever. Dude, Andrea's great show as usual, I love having Padgett on, she's awesome. Somebody said she looked like Princess Kate. I never thought about that. Yeah. I saw that in the comments, I could see that.

Anyways, come find all three of us next week, we'll be there. Later, man, thank you. Let's go. Come find all three of us next week. We'll be there. Later, man, thank you. Let's go. ["Let's Go!" by The Bunche Raps plays.]