The Wolf Of All Streets - Trump Becomes Crypto Billionaire Overnight, AI To Drive Massive Bitcoin Bull Market

Episode Date: January 22, 2025

Sponsored by Aptos, check it out here: https://aptosfoundation.org/ I’m joined by Dr. Sujit Roy, CEO and CSO of BrainAlive AI, and to explore the exciting intersection of cryptocurrency and artificial intelligence. We’ll discuss how AI-powered projects are set to shape the next bull market and drive innovation across the crypto space. Dr. Sujit Roy: https://x.com/the_sujitroy Gaurav Dubey: https://x.com/GauravDubeyLive Chris Inks will join us in the second part to share some interesting trades in crypto and beyond.  Chris Inks: https://twitter.com/TXWestCapital The BAAI Network is the Largest DePIN of bio-signals and medical data. It is built with an aim to decentralize the health & engagement data economy while ensuring such data generates value for all. Check out BrainAlive AI: Node Sale: https://node.baai.co/ Protocol Website: https://baai.co/ Twitter: https://x.com/BrainAlive_AI ►► EARN WEEKLY RTB REWARDS ON ROUNDTABLE! 👉https://roundtable.rtb.io/shortUrl/LkS3tvb ►► 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.com/ Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #AI 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.

Trump became a crypto billionaire overnight, as we all know, launching the Trump meme coin and then Melania. We've had a situation over the past few months where we've effectively had Bitcoin going up and then the other side of the barbell being meme tokens and things without utility. But there has been another sector of the market that's been absolutely booming, and that, of course, is AI. I am incredibly excited to have today's two guests on to discuss one of the coolest use cases for AI and why it's going to be the narrative of the coming cycle. I've got Sujit Roy and my brother from another mother, Gaurav Dubey. Let's go. to the channel and hit that like button right down below. There's a lot of news worth cooking through today. I'm going to do it really, really quick and then bring on the guests. I think the

biggest news, obviously very exciting to the crypto community is the fact that Trump did in fact come through with his promise and he decided to free Ross Ulbricht. He is pardoned, had a two lifetime plus 40 year sentence. Good to see him out, something the Bitcoiners have been cheering for for a very long time, and just honestly, extremely, extremely encouraging. The other, of course, the SEC has launched a crypto task force led by crypto mom, Hester Peirce. We haven't gotten the executive orders we're looking for yet that were promised to us, but we know that many more are still coming, of course. But Mark Ueda, now the chair of the SEC, he obviously is a pro-crypto Republican. We have Hester Peirce now leading a task force to give us reasonable regulation. We know that

she's been behind the idea of safe harbor for years, which would be huge for crypto. And now it's two to one Republicans, Democrats until we get some new appointments. Those are the big couple of news stories I wanted to jump on before I bring on today's amazing guest. I got Sujit Roy and we've got Gaurav. You're like you're at the weft there standing out in the snow, right? Absolutely, yeah. Madness. And I still have to figure out if it's more snow or more people. Looks like more snow. I live in Florida.

We have snow in Florida today. If you want to know what's happening in the world. For the first time since 1989, we had snow in my hometown. But anyway, so listen, as I kind of said before, we can talk to death the fact that Trump has become a billionaire selling a meme token or as my kid's babysitter called it, a Mimi token, which normally to me would be a top cycle. So have you heard about this Trump Mimi token?

Oh, boy, not what I wanted to hear. But then obviously the biggest, I think, narrative right now in crypto that continues to come up over and over and over again in my conversations is AI. I recorded a podcast that hasn't come out with Rune Christensen from MakerDAO, now Sky. All he wanted to talk about was AI. I recorded a conversation with Avery Ching yesterday, the CEO of Aptos. All he wanted to talk about was AI, right? And you, Gaurav, you had kind of introduced me to what Sujit was doing

at Brain Alive maybe a year ago almost. Then we talked more about it and I finally got to meet Sujit and I thought this would just be absolutely incredible conversation for the show. I'm not an investor. There's no token to buy, nothing like that. I just think that you guys have to hear what's happening in AI and where it's going to bridge with crypto. So maybe, listen, I'll bring up the site here, but maybe Sujit, you could just give us the quick background on what Brain Alive is. So thanks, Scott. And thanks, Gaurav. It's good to be here joining. So Brain Alive is fundamentally, we are a deep tech firm. We started somewhere along seven years ago. We started looking at, you know, AI perspective, specifically from the neuroscience side. So we went ahead and integrated a lot of things like neuroscience, computer vision, natural language processing,

you know, to analyze and understand human better, to understand their engagement intent. So we studied it for a long period of time, developed AI algorithms in order to understand the human behavior and how we can enable the business so fundamentally we now is more centered towards uh having a largest data layer for the medical and health data and that is what we are tackling with the bad network so which are differently you know technological modules that are you know linked to the state of the art variables like smart rings or you know your, your, you know, watches or something which can help users to track their health and get benefits through the AI recommendations as well. And not only that, but also mint money when they are, you know, they're providing data.

Okay, so obviously, tracking your health has become a huge trend, right? Longevity, understanding your sleep, your steps, all of these things. Aura rings are a massively popular product, obviously. Effectively, you're utilizing AI and then crypto to improve on that. And you already have hundreds of thousands of people waiting to show how real this is. First of all, Sujit is like one of the world leading AI researchers. I can't say necessarily all the places he's done and the awards that he's won but uh this is a very real very serious product right so this is a wearable that has features well beyond anything that we've seen in the market so far yes definitely i think uh so in a nutshell if I tell you then, as you clearly mentioned,

you know, our rings and other stuff. So we are playing in the same domain, but a bit more advanced in terms of looking at from AI and recommendation engine perspective. So just monitoring things doesn't help you out, right? For example, you can track sleep, you can track blood oxygen, different things, heart rate, activity, movement, tracking. But what AI helps you in order to, you know, in order to achieve these things is fundamentally not only analyze this at a level where humans are, you know, it's difficult to understand these data and find relationships. So we have developed an algorithm that understands the relationship between all of these variables and then tells the human what is the recommended things to do in order to improve their health or, you know, mental health or mental well-being. The best part, like I'm wearing the ring right now in my hand. I have one coming my way. Me too.

But the best thing is that when I wake up, right, it can tell me exactly what my readiness level is. And that actually determines how I want to plan my day. So it's more of like we are coming onto the edge of AI and fundamentally going forward, we don't, we foresee a future of AI where it's more to be decentralized and centralized, where

everything is stored with larger companies and you have to distribute everything, data and other stuff. And people who are actually using these devices are going to be benefit, you know, should be benefiting as well because, you know, they are helping out in building up the data layers and other stuff. So Gaurav, obviously you met Sujit and I'm assuming were fundamental in the way that crypto and blockchain would sort of be integrated into this. So this was one of the most exciting parts to me because there's no real token launch there's no vc investors in the token the only way to earn this token well i'll i'll let you break it down so first of all i'll start from where you

left uh i'm audible here because i'm in the middle of the street and that's how things look at ref i'm sure everybody has been watching videos for the last two decades so you've got to do it on the street you've got to have this background and you've got to have people passing through this so i hope that's not a trouble right that's how you make it sound good and by the way you know yeah yeah and also you've got to have a sunglass you know it's snow and yeah now you're gonna make us eat bugs and like it, you got to do it on the streets of Davos. Go ahead. millions, if not trillions, I don't know if that's the right notion, of AI companies, AI bots, AI tokens, AI everything. And what Sujit just said is such a breath of fresh air, because you're not making a chatbot that is funny, and where engagement is the ultimate value. But we're talking about something real that is affecting your life on a

minute-to-minute basis, actually second-to-second basis. But then at the same time, while we are all excited about auras and ultrahumans and whatnot of the world, we are missing an essential thing that we missed when we were making the social media and giving away our lives to the social media. And that's when Cambridge Analytica happened. And we saw how those data points can affect everything about not just your life, but countries and their political stance, and of course, affecting the whole nation and the world after. We shouldn't be doing that with our biological data,

because like Sujit said you if somebody has data about how you slept yesterday and how you slept for the last seven days i can actually i mean anyone can with the right algorithm make out if you'd be jittery if you'd be stable if you'd be at the peak of your performance um and whatnot uh if if that data goes out your life is in a bigger misery. And imagine there's this famous advertisement of Whoop with Ronaldo, where they're talking about how his performance has increased over the last one year, simply using this biosignal data for himself. Now imagine if this data goes out, I mean, it is going out right now it's all uh with a centralized server with a large co that is already partners to open ai and not that i have any to throw on on top

companies i'm just saying this data is out and it's not in control and this yeah i mean that's what web is about no but i'm not living up to the vibe clearly so So in this case, I think humanity, all of us should be super, super serious about holding this data and how is it kept and the privacy of that to eternity, not now, to eternity. And that's where blockchain kicks in in this use case. And I think this is, I'm not just proud about the AI use case of Brain Alive. I'm extremely proud about the privacy and blockchain case of Brain Alive. So basically all the data that's been created by your bio variables, by the ring, by the EG headset, even by the camera of your laptop using machine vision, it is directly rolled and sent to distributed and decentralized storage. Nobody but you has that access. And you allow, even Brain Alive app, you allow to access

it if you want to. If you don't, it's totally fine. And at any given point of time in the lifecycle of this data, if somebody decides to use that data, first first of all they seek your permission second they pay you and and that's the uh that's the utility of the token now that that's the only way to earn a token and that's the only way a token is exactly there is no supply there's no the token is created by you utilizing this and getting paid for your data and for using it as opposed to throwing it out into the universe to God knows who through your aura or your whoop ring and never being able to monetize it at all. Definitely, definitely. And that also brings us to the crypto side, because this is indeed a crypto podcast. I mean, some of the audience are for them to know this is

as good as if not better than Bitcoin for the first case, because there is nobody who holds token before the ultimate user, including the team, including us. There is no investor that will dump the token on anyone. It is indeed the most legal, most compliant, and the most utility-centric real blockchain and token use case that has ever been produced. So we're talking about an incredible future of privacy-oriented data, biosignal data, and then we're also talking about an incredible financial future of people who will be contributing this data for not just their own utility, but also for massive research utilities. This data just doesn't exist. And hence, this industry has sort of struck a wall in development. As soon as we open this up with the modern state of AI,

there should be like, I don't know, everyone and anyone that would want to use this to develop the next most sentient AI, because this data defines how humans think and their sensitivity. So yeah, it's a pretty valuable data, and hence the token has a massive value in the coming days. And of course, we have discussed privacy and AI at the core. Yeah, Sujit, so what I found interesting and I want to dig into more is how you talked about this is somewhat superior to the products that are on the market.

I assume that's because of the AI and its ability to continue to learn. So can we assume that it will also just continue to improve and iterate and give you more valuable information as it develops versus these other projects that just sort of have, here's how you slept, here's how you walked. The part that I loved is how actionable it is. And I'm very excited to wear one of these and try to earn some tokens myself and get this data because I, you know, I'm a mess.

I don't sleep well. You know, I don't take enough walks. You know, I think we all get it. Cool. I think that's a very good question, Scott. So when I look at, you know, in comparison to current companies, so generally what we design is what we have designed in the AI domains are majorly, they're very large models, like, for example, chat GPT or something, which we generally call in a segment of foundation models, right?

So there is a limiting factor to that. So what happens is that what you do is you train over a very large, large amount of data, and then you let the data or let the model be used by the community for their specific use cases right so how does we how are we doing differently now considering these are the biosignal data right which is coming from your ring also there is a you know brain alive app which is coming up uh which is there with the chrome extension which monitors you know your uh you know images and other stuff video in order to give you the inherent feedback. Again, with all privacy and user privacy concerns, everything remains in your own system until you decide to make it leave.

And also when it leaves your system, it is just a feature that has been extracted. So there's no real data ever passes up. But when you look at it, so it is a form of continual learning completely. So the model is trained on firstly with the standard mathematical algorithms along with the encoding AI, and then it just provides the feedback. But as more of the data is being fed into the system, that is by the users and community itself, it will become more and more personalized

and more and more user-centric towards it. So AI right now, which is a bit generic for the brain alive will be very more, very much Scott specific if Scott's uses it for one month, right? So it's more of like, it will start to learn and enhance and think how Scott's, how Scott's day start, how it analyzes, how it should be doing with the, you know, you know, every day or every hour, what's the routine look like and how should i incorporate my recommendation there so that it helps scott improve the performance

or improve his performance without affecting his daily life routine so it's not like you know that okay no just go for a 30 minutes run i want you to do it now otherwise it will be bad it's not that scenario so it's like you you will come up with a recommendation engine sort of algorithm where it will recommend you to do in your daily life and it will improve the performance of your inherent abilities over a period of time. So it is continual learning. So it is continuously learning with all the data that it is getting through and it will improve on those aspects for user specific and also since, since these data becomes, you know, very valuable, so you will have more from the demographic perspective. Yeah, I think, and interestingly, the time that you're doing this, this is one of the

other big stories I just wanted to kind of highlight, because this was yesterday. Trump announces up to 500 billion in private sector AI infrastructure investment. So along with sort of crypto, I won't say, well, crypto, we can say, I think is being deregulated in the United States, but clearly the United States is also wholesale making massive investment into AI now understanding that this is the future. I have to imagine that this kind of focus and this country really, you know, building in the space is going to supercharge everything that you and other, you know, AI researchers are doing? Yes, definitely. I think this is overall global phenomena and the sentiment that we are looking at in perspective of AI. We have looked

at NVIDIA, you know, performance of NVIDIA over the last couple of years, you know, skyrocketing, as well as the demands of the GPU and the compute going through all the different companies, even the simple chips making companies like Micron. we we are clearly seeing a very rise in the you know a huge rise in terms of the gpu computation and architecture you know infrastructure that is need to develop this ai and contrary to that we are also looking at the ai models that are coming up which are pretty much large enough to cater to these sectors with like brilliant parameters model or you know having you know multiple billion parameters model that we have seen through open ai and you know other companies there as in the second part of this here comes the service domain as well where you have companies like microsoft as well as you

know service now or salesforce primarily using these a big ai's in order to provide services so you can think of brain alive being at the center of this where you know brain alive is having its own ai as well as providing it to the center of this, where, you know, Brain Alive is having its own AI as well as providing it to the service sector by utilizing these, you know, data in a fashion where people can provide recommendations and other stuff based on the human abilities. The best part is that this data is somewhere not public, right? So you cannot go online and just scrape up the Wikipedia or a lot of web pages to get this data so which is the signal data so it can only be collected over a period of time and the stuff which have been

going on so it is as secure as the financial data you can consider for any trading company right so they're not going to share you the recipe or something like that so it is something yeah yeah one of the best cases to to present the case here i think is aura itself because aura has that data uh and they're able to give it to only their internal ecosystem uh or has recently raised at a multi-billion dollar valuation while the sector itself is not valued uh at those valuations and the only reason why they're getting those valuation is because they've been in this merger and acquisition frenzy.

What they're doing is everyone else that has a science and a tech and an AI and needs massive amount of biosignal data to actually polish their models, create better meaningful insights and publish it for value-driven utilities. They don't have this data set to optimize on.

And Aura eventually has that being the first one there, right? So companies have to sell themselves off to one company that has that data because then eventually this model works out. What we are doing is, and all thanks to blockchain and decentralized ecosystems, we are just making this available for anyone from a researchers to a startup, to an enterprise, to come build on this, optimize like launch ready products, optimize their AI for the best results from day one.

Not just that, we'll, as soon as the, you know, as soon as the US foundation goes live, we'll also be announcing a large grant program for any BioSignal device to integrate by as a network. And then of course, use not just our data, but also our value network and our ecosystem to sell their product, create more value through the buy network.

So it's like opening up a whole world of biosignal startups and both physical, mental, and professional wellness ecosystem and startups. Yes. And people have been skeptical of this, right? I mean, nobody really wants Google to have all your bio data, right? And we've seen what happens with Ancestry.com and 23andMe and all these things. You literally give them your DNA. And then they put it into a database to use for what purpose?

We don't know. Obviously, there's been some others taking novel approaches. Cancel your insurance. What not? Exactly. So your insurance says, hmm, this guy's insurance is going to be a lot more expensive. Thanks. And did you hear the stories where they stopped allowing people into certain countries based on their DNA data?

I did not. Did you see that also? Yeah, there were a bunch of cases where that data got into systems where they started barring people from entering certain jurisdictions. I'm not surprised. I'm not surprised. But what I think the one that caught everyone's attention in this space generally was WorldCoin, right? You go get your eyeball scanned. There's really no AI element. I think people are a little bit afraid of Sam Altman, perhaps. But there's a lot of projects that are working on at least a tokenized version of sort of identity and data. But this is very different because it's for you. You're earning for it and nobody else sees that data unless you share it and you get and you can monetize that. I mean, it's just to me, this is like the most compelling.

I thought that AI was a bubble. Gaurav, you've kind of convinced me that like this AI crypto thing, a lot of it will be trashed, as you kind of alluded to, like a bot that goes on Twitter and makes jokes on your behalf, you know, AI agents. But this is absolutely the future. Clearly, man.

I mean, this is actually the food of innovation, right? There has to be a bubble. There has to be a lot of speculation. That speculation brings the interest and that interest brings the necessary resources. And those resources, of course, scatter everywhere because no one knows what's real and what's shit.

But then eventually it all consolidates to real thing, right? And that happened with the dot-com bubble. That happened with the AI bubble 14 years ago. It was called the data science bubble. And it keeps happening over and over again. And look, I've been a VC for 16 years now. And I've seen many bubbles. Not many, I mean, but as many as I've seen.

I can confirm that this is not just specific to an industry. It's not just an AI bubble or a crypto bubble. It is just how we develop markets. And to this, I also want to quote one of our backers and investors, Anthony Scaramucci, who was on stage today here and was asked, what does he think about Trump coin? And of course, a lot of people might know his history with Trump administration while he was serving it. He said, look, I want to be fair on both sides he said i want to be fair and uh one thing good that the trump coin is doing and has done is that it has onboarded a massive massive massive

population on crypto like you can buy through a card like when did that happen for the last time for a meme coin and people actually made some money some lost of course part of life uh they'll make later if they're uh persistent enough but it onboarded massive crowd to crypto and and through the stupidest means which is meme like your mate says and now of course there are there are there are inward side of that and uh it has to be eventually dead, or if not, like closer to dead. Because as the website itself says, that it is just for fun. I mean, you can't have $100 billion fun, right? So there are goods and bads. And eventually, what happens is real value consolidates around real projects. So I'm not at all pessimistic about all the, let's say, air and bubble around

reality, because that will eventually feed into real projects that we are backing. So listen, I know that you guys are going to run out of time here. I think, Gaurav, I think you're the first on-location live reporter that we've had on the show. Oh, should I take that post? Should I take the stance of a reporter? Yeah, and you need the microphone and stop somebody on the street, which is cool. But I want to ask you to talk about- There are 15 people who will try to cross by.

Yeah, this is the most important part, Sujit, is like I've signed up, obviously, for the whitelist. I love that you call it a node, right? That the ring itself is your node, right? I guess people think of a node they think you're gonna have to do something on your computer or set up a miner you know something like that um talk about how people can actually get this what the process is like you don't technically buy the node correct in the end it's a subscription yes let me clear a bit on that

actually the node is a software it's a a decentralized software. That is, in a sense, the decentralized storage and the technology that governs it and rather helps you govern that data, right? That's the node. So it is indeed a piece of software which is built on decentralized storage and a governance technology on the top the ring however is complementary with the node right so just in the in the spirit of clarity you're buying this this piece of software that is allowing you to manage your data in a decentralized fashion and controlling it and helping you monetize so it's a it's a connection to the marketplace and all of that ring is complementary because like this has been the history of innovation you have to subsidize or in fact uh help people feel uh the first use case and that's why we you know we're

giving the first ring uh complementary along with the node and now passing on to to subject to talk about how to subscribe and how to take it forward yeah so i think uh you know people can just sign up uh for the waitlist right now and we will be uh so these spy health notes will be sold as node operator license which is actually in the form of prc721 nfts so people can subscribe to it apply to the white list and they will be able to get this and then so you have more of an economy here which is why it gets to earn so uh they will be able to mint approximately 800 tokens through a day by through Bison. And we verify that through the algorithms that we have, that it's a good data. And through that, you will be able to mint through the...

And the bonus point is that when you apply for the whitelist now, we are intending to make it public by the end of March. So you have public sale starting from somewhere around 15th february to 31st march and the token launch will be somewhere around april 2025. so uh right now just people can go white place you know go for subscription and apply for it so first year subscription is free and as god have clearly said the ring comes free free you know free with it so you don't need to pay anything for it for the next year for consecutive subscription you can buy the subscription in the you know uh in the tokens itself for the buy tokens that you have earned through whole year uh actually it uh it would be much more than that probably it could effectively pay for itself

and you will have more money as well so So when we go with version two or something, you will have more utility with the ring actually. Not just to subscribe the next year, but also to feed into the insights that you've got and probably get some nice supplements and nice workouts and some breathing exercises and professional efficiency. So essentially, we are making you better both at life and at work so that you can make more money and also know where to spend it yeah so along with the ring

there is generally is is in connection with the chrome extension uh as well so if people use both of them you uh tend to get uh 20 more extra reward uh when you're using it uh for for the content and that stuff so you will be able to mint uh more make more money actually the using it for the content and that stuff. So you will be able to make more money, actually the real money for the value of the data that is being provided. Absolutely incredible. So guys, the links are down below in the description. You got baai.co.

And then the actual getting on the whitelist is node.baai.co slash sale. And then I highly encourage you also, because I went through this brainalive.gitbook.io slash BAAI. There's a lot there if you want more information on what's happening. Like I said, I just think that this was absolutely incredible when we had the call and I wanted to share it with all of you. I think very, very cool something to sign up for and participate

in down the road. I do now fully, I'm sold on the AI crypto connection, but maybe not through the agents and the other things. But yeah, I encourage you guys to check it out. Sujit, thank you. We're going to have you guys on Spaces too in about an hour or so.

And Gaurav, go inside, man. You look cold. I'm packing myself as I talk. So as soon as you're done, I'll be in. Just like the weather in India and Dubai, the two places that you live, right? Exactly. My goodness.

No, this is like minus, I don't know how much. And this is when it's warm and sunny, by the way. Beautiful. Google has an amazing expression. I don't know how many of you would have ever got a chance to feel it. It says temperature minus five. And then it has a new thing.

It says feels like minus 20. And that's when you know that you're in a mess. Absolutely. Well, thank you guys. We'll talk to you very, very soon. Have a great trip out there. Thanks, Sajid. Thank you. Thank you. We'll talk to you very, very soon. Thank you for having me. Have a great trip out there. Thanks, Sujit. Thank you.

Thank you. Cheers. Bye. Bye. As I said, guys, as you know, Aptos is our long-term sponsor. I had a long conversation. I'm not sure if it'll come out this Sunday. The next Sunday, we've recorded a lot of podcasts, the long-form podcasts of late.

Obviously, you know, they, they, uh, Mo Shake, uh, stepped down and joined the board and Avery Ching, uh, stepped up and became the CEO of Aptos. And we started this conversation, Hey, what's Aptos doing? Tell me about the future. And every conversation like that, and Avery, especially dove very deep into utilizing AI and how powerful it's going to be in everything we do. And if you're going to have AI agents that are out there in the world doing things on your behalf, at the very least, they're going to have to transact, right? And they're obviously going to be doing that with digital money and cryptocurrency and just really, really absolutely incredible.

And I mean, Aptos, they've had the most insane adoption of any chain over the last year. I mean, everybody obviously is down on Ethereum. We're talking about what's happening on Solana. But if you actually look at user growth and speed and uptime and things like that, Aptos has been absolutely dominating. Probably because, you know, this was originally the Libra DM product and it was first created sort of under the meta umbrella. And when they took it and made it more decentralized, the ability to sort of create that tech and speed that came from being one of the largest corporations in the world is really, I think, benefited them. I'm very excited to keep having these conversations and to release that conversation I have with Avery because it's

so absolutely good. These kind of guests like we had today and him and everyone on the podcast, this is why I love doing this show so much is because like I don't know that much, right? I only have my core competencies. I'll talk to Chris in a second. You know, it's trading and looking at charts or reading the news. But, you know, when you get these absolute geniuses who come on here and who are actually building it and in the trenches every day. It just blows your mind, the future. And very hard to get caught up, hard to remember sometimes, especially in a bull market, like how compelling the actual use case is and important this technology is beyond just seeing the number go up. You can go ahead and bring on Chris right now. Sorry, we're a little late. A little late today. We were doing AI things.

I know you're in it for the tech. Yeah. Did you see this, by the way? They asked, just because of the title here, Trump becomes crypto billionaire. Did you see them ask him about the token? No, I missed that. I'll show you this video real quick.

This is great. Do you intend to continue selling products that benefit yourself personally while you're president well i don't know if it benefited i don't know where it is i don't know much about it other than i launched it i heard it was very successful i haven't checked it where is it today you made a lot of money sir how much several billion dollars it seems, in the last several days. Several billion? That's peanuts for these guys. So are you talking about the president? This guy. I launched a token? You know, I mean, it's what it is, right?

You get into business and you figure out what you want to do and you hire smart people to do it. And, uh, you make money, right? Let them tweet. It's a, it's so funny. It's so funny. And that was kind of my like core premise for,

for Trump was like, he doesn't even know this is happening. Like he's getting inaugurated in two days, man. You know, it's just really funny. He's like, wait,

what happened? Oh, Hey, I'm a, I'm a billion. I can add that to it. I'm just surprised. He didn't say it was the best launch ever it was the

hugest launch ever we made yeah he would have said that about his nfts oh my god it's so funny like this guy uh you know i mean lots of stuff you know he's doing lots of stuff signing lots of executive orders uh freed ross olbrich man that was amazing so good to see that happen um and just so many executive mean, he's really doing the things that he said he'd do. And he's doing them like quick, which is, you know, not crypto ones for the sake of our beloved market. Yeah, well, you know, we'll see what goes on with all that, right. But, you know, I think the good thing about about Bitcoin is that it doesn't, you know, I mean, we're excited about the possibility of this strategic reserve and what it means for getting other nation states to, you know, all of a sudden decide, OK, well, now we have to do it, too.

But at the end of the day, you know, the reality of it is, you know, Bitcoin doesn't need it to succeed. You know, you still have the bears. You still have the haters. I mean, imagine spending 10 plus years knocking on bitcoin well he's not the only one there are others he's been pretty loud about it but imagine doing instead of saying you know what god let me just jump in here and make some money um absolutely insane but but you know you can lead a horse to water but you can't make them drink right and uh you know you see a lot of that.

And you still have people today that think crypto is topped out right now. They think Bitcoin is topped out. We're about to break out higher. And then people are thinking that, you know, you just you do what you do. And don't worry so much about what what everybody else is saying out there, because especially on social media, most of what's said is going to be wrong anyway. So here's the dollar. Here's the DXY, right? Again, I was talking about it likely being topped out. We're looking for a breakdown through that support. We got it. We had a great breakdown there. Popped up big rejection,

kind of this gravestone doji looking thing yesterday. Today, we're getting a little bit of a bounce on it right you know, right here. But ultimately, even if we were to rally up here, ultimately I'm looking for a breakdown through that daily pivot at about 107.5. And that really kind of starts setting up the move down. You know, our levels we want to watch on the way down are these swing lows at 105.42 and then 103.373. But if this top is in here, I mean, you know, we're probably hitting around 90 to 93 at least. And so, you know, that's going to upset a lot of people, you know. But what happens is, you know, we had this good run here,

this nice strong run here, and people get overexcited up here, up here in this area. All of a sudden, everybody starts talking a lot about the dollar and how strong it is. And I think it was JPM that came out and said, they're looking for 5% higher from here, from up here. We found that the hedge funds were the longest the dollar they've been since 2019. I mean, you know, this is crowding. This happens. And usually when it happens, the market punishes you for, you know, for being on that side of it. And so, you know, we need some confirmation moves down through some of

those levels, but it's looking pretty decent at the moment. So we'll see if we can get that. If you're looking for cheaper money, that's probably a sign cheaper money's coming. It doesn't mean it comes tomorrow, but we can just look at what's going on with the Fed. We came into this year looking for a couple of rate cuts. By the time we came into January, they were looking at one and it being like Q3 or Q4. And then just recently here with the data that came in, the cooling off of the CPI, the core CPI especially, which is most important. You know, now they're looking at potentially a couple of rate cuts again, first one being maybe, you know, even before summer.

So, you know, just people tend to get very excitable at the extremes. And I always talk about this. And, you know, you want to be careful when you start hearing everybody talk about something at some end. But yeah, so DXY, I think a dollar probably pushed further. We'll see if we can get that. Wanted to bring up the IWM real quick. This is the one I said that as we were coming down into this, this dip below this, this range here i was already

talking about this looking like it was a reaccumulate or an accumulation range uh this is the small caps this is iwm and i said uh looks like we'll probably get a dip below here if we close back up above that then we should you know that'll be a spring we can go long um and sure enough it did right here man that was like a 40-somewhat percent rally. We pulled back in three waves here. Almost a huge outside weekly bar here at the weekly pivot. I mean, it looks good. I've got to target this 1, 2, 3 up here, so three of this larger three,

up around 306. So, you know, again, I got a lot of heck off this, you know, as we were going up here, especially as we got up toward the all-time high saying, oh my God, it's going to be just like this here and we're going to die off. But I don't think so. I think we continue up a nice hidden bullish divergence down here at the low on the weekly. It just continues to look good. So I haven't seen anybody really talking about it during this time, other than Tom Lee.

I've been talking about it since October of, what was it, 2023, which is when we got that spring there. And he's the only other one I've seen really be kind of real positive about. I'm sure there's been other people, but he's the only one I've seen make it. So I think it looks good. Bitcoin, Bitcoin, Bitcoin. We had everybody freaking out on the pullback here. We had this nice breakout retest this past weekend of that descending resistance as support.

Still above the 50 MA here on the daily. You'll break up. I think what we have here, I think we have a one with a flat as a two. And so if that's correct here, that gives us a minimum expected wave three up there around 131, 634. Five waves up at around 146, 37. This is the Bitcoin all-time index chart. So, yeah. So, I mean, that's where I'm looking there.

But let's zoom in a little bit here. But, you know, still watch this here. We still need the breakout above wave B, which just happens to be the all-time high there, to kind of confirm this because it is, you know, looking like a flat there. But ultimately, I mean, man, you know, we're here above the hourly pivot, which is good. We're well above the daily pivot, which is good. We're well above the daily pivot, which is good. We are coming in sideways here between the weekly pivot and the R1. And this is why I said, even on the weekly, even if we were to drop here to 80,000,

I wouldn't be going, oh my God, it's the end, it's the top. No, that's just the big, that's a macro support right there. Nice low volume note. I mean, it's the end it's the top no that's just you know the big that's a macro support right there nice low volume note i mean it's it's the perfect area to kind of dip from if we were to get down there so not even worried about that in the least um as we do this but uh locally here i think we're bouncing right around the 15 minute pivot we're just below that this morning here um so yeah yeah kind of looking. Looks like one, two, maybe three, four, five. I was thinking we might get a pullback, get one more push up here, but we didn't. We get in this pullback. So likely, again, going to be like one, two, three, four, five here.

So this is a wave two on the pullback. So I'm watching, especially if maybe get down here around 102 760 uh 767 103 103 000 around that area uh if we if we get that far looking forward to hold and see if we can get a rally up out of that and that should set us up into a new all-time high so um that you know not hating it yeah send it right exactly send it um so yeah, I think we're looking all right there at the moment. But again, we do need the break. You know, if the count is what it is here, we do need the confirmation. It's a breakout always through wave B, which again, in this time just happens to be the all-time high. So it is what it is. Usually wave B is down a bit further.

Since I saw you were doing AI today, I jumped on some AI footage real quick this morning. This is grass USDT here. And so, you know, when I'm counting this, I'm not counting from way down here at the launch. I'm counting from this first pool. Like I usually ignore the launches, whether they're drops or they're rallies. So we get a one, two, we get a three, four, and then we get a five up here. And then we've got what appears to be, I mean, the volume and price action suggest that this is a accumulation

or reaccumulation here. This is a spring just prior to the daily S1 pivot. You know, we got three waves down, three waves up, and then three waves down here. So wxy correction So, I mean, you know If i'm looking at this An impulsive breakout and close on the one or four hour candle above that 2.4491 Should indicate that that low is likely in

If you wanted to wait for a daily candle breakout, impulsive breakout and close above the daily pivot at 2.8122, you could do that. If you wanted to wait instead, if you're still really nervous about it, you wanted to wait for an impulsive breakout and close above the descending wedge resistance, you can do that. Based on the height of this here,

$6.55, $8.91. And if this is in fact a one and two as it looks like here, $6.55, $8.91. And if this is in fact a one and two, as it looks like here, wave three would then have a minimum expected target of 2484. So a lot of upside potential on that there. I've got arc here. Let me see here. Yeah, there we go. looks like it's a one and a flat here so a three down b three up and then uh you know abc one two abc three four abc five usually ending diagonal like that i don't know where my bottom line went but there we go, again, like on the other one, you're getting a wedge there in that third wave, that C wave or that Y wave. And so, you know, again, hourly pivot here, looking for a one-hour or four-hour candle. I can't even say it. Impulsive breakout and close above that $1.32 area.

Or you can wait for an impulsive breakout and close above that $1.32 area, or you can wait for an impulsive breakout and close above the descending resistance, or again, daily candle, impulsive breakout and close above the $1.80 area. Any of those should signal that the low is likely in. Breakout above wave B would add confidence to the count. Wave 3, minimum expected target, $8.07. Let me see here. I've got FET, it looks like. Again, another flap, right?

It's the name of the game. It does appear to be. But, you know, again, a one. We got three down, three up. And then one two three four five here we are above the hourly pivot so impulsive breakout and close above that descending resistance or a daily candle impulsive breakout and close above the daily pivot there at basically a dollar fifty five should let you know that the bottom is likely in, as always, breakout above wave B. In this case, that's 2.243.

It's going to add confidence to the count. And we're looking at a minimum expected wave 3 target up there at $4.8384 on that, from that right there. By the way, if we were to break down below wave 2 here, well, this isn't wave two, I'm sorry. Wave two is right here. So nevermind, nevermind. Wave two is fine. We're good. Only thing it doesn't,

if we drop down to a new low here, obviously it'll invalidate it. But, you know, it could pull back further if it needed to. That's why we're looking for the breakouts through that resistance or that. Can I ask you the most important question? Yeah. Now that everybody thinks ETH is going to zero

and the Ethereum Foundation is too centralized and they think Ptolemy Buterin is an asshole, can we finally bounce from the most fundamental demand zone on this entire ETH BTC chart that I've been waiting to hit again since 2021? Yeah, I mean, I don't think ETH is done. Again, everybody's very very very sour on it um the mood is very sentiment is very bad uh and usually that's what we start looking for when we want to look for reversals so we've had some bad sentiment it's given some bounces uh but it's really gotten just oh my god it's the end of world there is no more ethereum

you know whatever now and so i wouldn't be surprised to see there being some sort of uh some sort of rebound against that but you know that's the weekly there's i mean there was already a severance but even more building here oh my god and all it's really done as you can see there is it's just kind of that that rally up from that april of 2021 uh all those big candles all it's done is retrace back through that so you know i mean in the grand scheme of things people will see this on a on a chart that they on something they like and they'll be like oh yeah what was going to come through that of course and then here it is here and they're like oh my god it's the end

it's the end and uh i don't know. You know, I don't think Ethereum. Strange chart. Strange price action either way. But man, really interesting to be here. Did I interrupt you before you had something else or was that all? Yeah, I just got one more for the folks here. A-K-T-U-S-D.

Let me kind of move this in. It's a smaller timeframe. One I'm looking at here. Moving here to the hourly. I think, uh, one flat S2 there. Um, right here, we may get a bit of a push higher here toward $3 and 10 cents or something maybe from there, but either way, as long as this low holds here, um, We've got a minimum expected wave three target up there at $3.77 and a half cents. And, you know, as always breaking out through wave B here, which is $3 and almost 32 cents

is going to add confidence to that. But, you know, when we're looking at one, two, three, four, five here, The first clue obviously is the breakout. You can see here, we've got a biggish candle. We've got some big volume, you know, comparatively locally here coming through that. So that's what we want to see pushing through the pivot as well. That's good. But breaking out through wave four will be that, you know,

if this is five ways down that first real indication, okay, that that low may be in. And that's sitting just up there at about $3 and 6 cents or so. But if we're to drop below this swing low here at, uh, $2 and six, 2.693, that would invalidate this idea.

As long as we're above that, looking up there toward 3.78 and way five minimum expected about $4 and 10 cents on this lower timeframes here. So yeah, we'll see. Bull market come all season coming. I know it's hard for people to see it, but man, I think, I think it's going to be big, big league. Well, we'll see if people are actually ready for it. You know, they've been talking about it so long.

It'll probably come in and hit them at some point. They won't even be ready for it. Then they'll complain that they missed it. I didn't say everybody's going to make money. I just said it's going to come. Awesome. Guys, you can follow Chris TX West Capital on

X, of course. It's TexasWestCapital.com. Yes, sir. TexasWestCapital.com. Chris and I are talking about some things that might be brewing, so hopefully we'll be updating you on some of that soon. But otherwise, give him a follow and go join. And I guess we'll see all these wonderful people next week, huh, Chris?

That's right. I'll be here. All right, guys. I'm heading over to Spaces. And, of course, we'll be back here myself tomorrow at nine o'clock a.m eastern standard time check out aptos check out the bai guys brain alive honestly it's just so cool down in the description and otherwise i'll see you guys later thanks chris bye Let's go.