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Wall Street is in absolute SHAMBLES as a massive Bitcoin exodus begins. With BTC struggling to hold the critical $70,000 support level and geopolitical tensions in the Middle East sending shockwaves through the Nasdaq, big institutions are hitting the panic button.
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This is discover crypto.
We are in the middle of a dump Bitcoin is dumping.
There's Middle East tensions right now.
We're going to the charts right here with Drew and you can see a sharp correction on the one hour chart.
Drew is just so discussed.
He must look away from his computer screen.
We're going to look right here.
We are now down 8.6%.
Over the last two days, really two days and four hours and going to the five minute chart.
You can see some fresh, fresh dumping as tensions are boiling over in the Middle East.
We're going to talk about XRP outflows and inflows.
We're going to look at the chain link inflows.
We got a major story with David Sachs as well.
And we got some Bitcoin ETF news.
We're going to really dive in on the numbers on this one.
Wall Street is dumping as we head into the weekend Drew.
They don't want to hold this token or the ETF representing the token over the weekend.
I don't know what you're seeing in the charts.
Yeah, it looks like we lost some pretty key bottom lines of trends that we had been bouncing off of.
For me personally, you know, and I know you you kind of showed two different versions.
You can look at this current.
This is what you're talking refer to right here.
Right now it's operating off that one.
The shorts felt good yesterday.
It's felt reasonable.
Today.
Doesn't look great.
It doesn't look like, you know, we have a lot of buoyancy.
There is no, you know, V shaped short term recoveries on Bitcoin right now.
The altcoins, man, they're they're coming back down.
They're coming back down home right now.
So it is something where, you know, I thought a lot about how useless David Sachs is this morning.
And like now we're see all right.
We're going to we pushed for a pro crypto president.
We got a crypto czar that did nothing.
And then we basically get sent to war.
Right.
So this is the situation at hand.
It's.
Yeah, this is him waving goodbye to your Bitcoin profits.
Bye bye.
Thanks.
Yeah, this is a.
It's something that makes you know, this is what radicalizes young men.
Absolutely.
Let's let's talk about crypto here before we start recruiting for Malaysia here.
This is Bitcoin.
Now, chat, I can show you something bullish.
If you want something bullish type in bullish.
If you want the bullish version of a little bit of hope.
I'm here in the charts.
I did see a slightly different parallel range.
So type in bullish.
If I see some bullishness in the chat here, maybe we'll look a little bit bullish.
And I do want to show you this February tracement.
I found something very, very interesting.
This isn't so bullish.
What I said.
People are saying no bearish bearish.
No, we want bearish.
Well, let's show you the bearish chart here.
So this is not looking great folks.
You can see in the four hour.
As Drew said, we lost this range right here.
You can also go to the daily.
And you can see, you know, very, very.
Very strong red candle.
Everybody's hoping for a bounce right here.
But what is the bullishness?
What where can we see a little bit of bullishness?
You know, I might not share the bullish chart here, Drew.
I do have another bearish situation.
I want to show you folks.
That's going to be the fib retracement here.
First, let's back up.
What is the fib fib is just like you look from, you know, where the price began.
We're ended and you're kind of looking within a range here.
And we're going to talk about something called the 618 retracement.
The 0.618 retracement is also known as the golden ratio.
You'll hear crypto crank talk about the golden ratio.
So if you didn't know what he was talking about, the golden pocket, the golden pocket.
He wasn't talking about wearing, you know, gold clothing.
He's talking about this level right here.
He's a key technical analysis tool used to identify potential reversal points during a pullback.
Did we hold the 618 or did we lose this golden zone?
So let's go ahead and jump into the charts.
I want to show you this because oftentimes people see this as the strong bounce level.
Do we have the strong bounce level?
Did we hold on to this level?
So we're going to start here at the wick.
Go into the pump.
And then we're going to move the sideways, everybody.
We are now potentially losing the 618.
Now when you zoom in on the one hour, it was starting to look like, okay, we got a good bounce here.
You know, we're going to bounce from this level.
You see some little green candles there.
And now we are now maybe potentially losing this range.
Now you see here, 618, I guess we're going to be established just quite yet.
But you might be able to see a bounce here.
We could still potentially pull back here.
So I don't want to say, you know, all hope is lost ahead into the weekend.
It's not looking great.
All right.
So we got a couple of bowls in the chat.
A couple of them.
There's like one.
Let me show you this chart as well.
There's also this one.
The god about Cardano in the chat right now.
They're like what Cardano is going to be.
It's.
I mean, I could do a yogi bear impression because it's going to be a bear chart if I look at that one.
But you also have this range right here.
So you see the wick low, the wick high.
You know, we kind of rejected it here.
It looks a little bit cleaner on the daily.
Looks better on the daily.
So boom, boom, boom.
And you see somewhere we touched it here.
Touch it there.
Once again, zooming in on the four hour.
So, you know, just just coming into the bottom of these candles right here.
The bottom of the wick right here, catching the bottom of the bodies right here.
And if you look,
it might be a range.
This might be potential support.
I don't know if too many people are going to be looking at this,
but might have a little bit of a bounce at 64,700.
So it might be a little bit of a relief bounce everybody.
So not saying it's going to play out.
Right now it is looking slightly bearish.
But I'm still going to maintain bullish in the midterm.
I still think we can maybe potentially hit 80k.
We did only hit 76,000.
You know, this is when we're at 60.
Telling people we're going to 80.
They thought you're crazy.
You know, especially when we're down here, 63k.
I don't know.
We can still go to 80.
You're a madman.
Maybe 76 was going to be as close as we can get.
But I'm still slightly bullish drew.
As long as this weekend.
We don't close below this level right here.
And that's going to be right at 64,000 dollars.
Basically on the dot.
I don't know if you have any thoughts here.
Well, I missed Joe Biden.
I didn't know how good I had.
A president that would basically stay asleep for a year straight.
And then show up.
You know, do a smile and wave campaign and then go back to doing
whatever the hell he wanted.
Yesterday, the structure was obviously bearish.
And then of course, at or a clock, Trump comes out.
Oh, no, we got everything worked out.
We're not going to turn all the power off by the way.
Shutting of our infrastructure to a nation off is a war crime.
So.
We backed off of that narrative.
And now I'm just surrounded by Trump and the White House lying
about peace.
And I ran lying about winning the war.
This is a 4 PM candle you're referring to.
These are two hour candles.
We're looking.
Right.
Right.
I mean, the structure was obviously bearish.
So.
Yeah.
This is a.
This isn't insane time frame to be alive.
And for me.
I was looking at 54 mid fifties.
It still feels that way.
It really does.
Short term relief bounce.
Maybe if we see like, you know, both sides be quiet.
Didn't you say something about Iran at the Strait of Promoos hitting
a Chinese asset?
Yeah, that's breaking news.
Breaking news.
Yeah, I hit a couple Chinese vessels.
I also hit a cargo ship about maybe 12, 14 hours ago is cargo ship.
South is an Asian country cargo ship.
I mean, it was just and broil and gulf with smoke.
Wow.
Yeah.
Mass mass uncertainty right now.
And this is like.
You know, how I'm going to treat the weekend.
I'm probably going to be pretty gun shy about trying to get
anything in on the weekend.
Also, I'm going to be able to do that.
You know, we never know what we have till it's gone.
You know, I mean, we.
You know, we like to map first because it was the blockchain
professor at MIT.
Yeah.
Yeah.
But, you know, now that ripple knows that XRP is not security.
They're more than willing to keep dumping it, letting you buying it
and funding their operation.
Great.
There is a briefs glimmer of hope in the altcoin market.
One of your altcoins is.
One of the few altcoins in the green.
We're talking about Canton.
Canton holding up pretty strong here.
Still 14 cents.
Still down.
Let's see.
Well, it's in the 20s.
Drew.
Yeah.
Well, it hit right.
Right below it.
18.8.
Yeah.
It's kind of impressive.
It's holding up this.
It's a little shelf up here in the midst of all this stuff going on.
It is holding up better than most of the market.
For sure.
For sure.
Now, let's look for the big.
We're going to be able to do that.
It is holding up better than most of the market.
For sure.
For sure.
Now, let's look for the big losers here.
Looking at all the altcoins in the top 100.
Biggest loser.
Siren.
The siren call.
We keep telling you to stay away from the siren call.
Hopefully you do not rush upon the shore.
Crash your vessel.
And then you're just left.
Left on the.
Then you're basically.
Your Tom Hanks.
Tom.
To an inflatable ball there.
World coin down.
10% more.
Down.
10% Athena down.
A little bit of a pullback on some of these ai coins.
But I told.
He told me to.
And the big losers with the other ai.
So tau holding on.
Little bit better than some of these other ones.
I would expect.
I would hope.
That tau would do better than render and fetch nothing against those two wall coins.
You know, these.
These are two that I used to hold.
I.
I've, you know, I've divested myself out of those a long time ago.
I do like to see it's holding up pretty well here.
Off a down.
Salana way down.
And even Bitcoin, you know, being one of the major losers here.
users here. Woo! That morpho pull back. I know it's something I've been looking for and
hoping for, but it's your number. Do you know your number here?
It's $30. It's $30 is what I'm looking for. It's kind of the center point of that W pattern
right there. You know, so with all this unfortunate realization that we're going to be blueballed
by the government and by the banking infrastructure for allowing DeFi to be regulated, Morpho is going
to take a hit and it is already taken some of the brunt of the hit. Are they Morpho? A lot of
the DeFi coins are probably in for their own battle, you know, against the banking infrastructure
over the next few weeks, maybe even months. All right. We got cranks a 90% chance we
melt through 60K. I do want to put a caveat. My pump 280 is then followed by a sharp correction.
So I, you know, I think that's a trap to get the bulls a little bit excited, get everybody a little
optimistic, start pouring their money into Bitcoin and then the bears are going to come in, push it
back down. So he's saying we're melting through 60K and we go back to the larger time frame here. 60K
is going to be right here at the bottom of the wick. So, you know, they do say where it wicks at sticks.
That plays out more often than not, but you also see it on reversals. So we're going to come down
and revisit this range. I think we have one more pump. I think this is the have everyone lose hope.
And then we have the false breakout pump. That gets everybody excited. Retail comes in.
Investing is a very psychological game here. And then as everyone starts to get a little bit bullish,
that's where we're going to see the correction. The market's going to do the opposite of what you
want it to do. Now, let's hit refresh on this is the Bitcoin liquidation heat map. And so we're
looking to see where the bright yellow lines are going to change. And do we have more bright yellow
lines on the bottom? If we see more bright yellow lines, after I hit refresh, that means the bulls
are still too hopeful. They keep betting on the price to go up. As long as they do that, as long
as liquidation levels, Bitcoin is going to keep dumping. Let's hit the refresh.
Okay. Okay. We did wipe out a good portion. And it's just a small cohort of degens. They're going
to get liquidated at $65,000. That was $65,100. Let's go back to this chart. It's going to put it
about right here. Okay. So it's just going to be test ends. Right. Yeah. This WIC right here. This
WIC right here. A lot of people looking at these WICs and saying, All right. My stop loss is right
here. It's going to get hunted. Yeah. I got. There's something like, can I show you my chart real
quick? Let's see it. Yeah. Let me look at this. So these two basically look the same.
You should show me two different pictures of the same picture. All right. It's basically this.
You're losing. It's an upward wedge. You lose it. You lose your ground. And then you start
falling into hell. Now this is our second step that we've taken in the process of heading down
to Hades since the all time high of 126. If I look back, these two look very, very similar to
those two structures. I don't really see that same structure here. A lot of people try to compare
this structure to the last few movements. This one lasted actually a lot longer and has a different
general design to the structure. Last one, 105 days. This one, the little stair step on the
way down, lasted only about 31 days. And then where we dug ourselves out of the pain was about 57.
We right now have in my opinion, we've definitely lost that upward trajectory. And
we are only about what is it? I think 40 days, 49 days into this process and we're losing that
level. The last one lasted right about 60 days. So this would lead me a pretty strong comparison
that they're generally the same amount of time. And now looking at this red candle from the last
few days, even with Trump and all the, all the powers that be trying to pat everyone, you know,
their worries down. This structure looks broken to me. And now I'm actually looking for that zoom
down into my preferred large spot Bitcoin buy zone at low 50. And now Trump got everybody getting
pat it down by ice agents at the airport. So I can't wait. I was getting pat it down here.
I can't wait for it. We're going to Vegas. We're going to get pat it down. It's going to be huge.
Someone's talking about hype in the chat here. I did share in the DZ drop zone hype is the best
altcoin project to date. Then we got someone else hype is garbage. I think they had a $10 call for
hype as well. hype is going to zero. I don't know about that one, but I did take I'm going to take
some profit. I posted I'm going to take some profit on hype our average is in the 20s. Right now we're
at $38. Sometimes you got to go ahead and take some chips off the table. That way if there is a
strong retracement, I'm going to have some more dry powder on the sidelines. So I did want to share.
Yes, I'm bullish on hype, but I'm also taking profits because our entry were so low.
Let's talk about the ETFs here. Bitcoin ETFs are logged the biggest outflow in three weeks
as I ran war fears rise. So what we were saying at the top of the show, people do not want to hold
these volatile risk-based assets over the weekend because we keep seeing escalations over the weekend.
But Drew, it might be kicked in next week in this time. ETFs had $171 million in outflows for Bitcoin.
The biggest days of redemption since March 3rd, technically March 6th, when they posted 348
million dollars in outflows. Outflows follow a period of demand for ETFs, which attracted over a
billion in monthly inflows so far in March and are on their first track for a month of net
accumulation since October 25th. The first month of inflows since October is what we're looking
for and what we're hoping for. If you look right here, the largest outflow we've basically seen
all months as the beginning of the month, $171 million, as well as the biggest outflow in three
weeks. It's the Friday. It's going to be volatile. People are beginning to pull back and hedge
geopolitical escalations in the U.S. Israeli conflict with Iran. This is according to analysts
at Mexy Research, but he added that net ETF flows remain positive since the beginning of the war.
Eric Bouchunis praised the Bitcoin ETF still for incredible fortitude amid this correction of
roughly 50% for context. When Gold fell 40% in the short time frame about a decade ago,
one-third of the ETF investors bailed. So the Bitcoin cohort, they're willing to hold through
the dips, through the volatility. They have a little bit more of some diamond hands here.
Now, after the Bitcoin ETF sell-off follows reports, the Department of Defense is sending
thousands of soldiers to the Middle East, sources with the familiar with the matter told Reuters,
through the new number is potential 10,000 soldiers. So we've added an additional 4,000
investors are jittery about any potential escalation after being caught off guard after the
initial U.S. and its Israeli strikes February 28th, which also occurred in the middle of constructive
negotiations. And so just real briefly, the latest details, Trump extended the deadline on true
social to 10 days. Iran said, Trump said, Iran asked for 10 extra days, I'm going to give him 10
extra days. Iran said, we don't know what we're talking about. We didn't ask for 10 days,
we're rejecting all peace plans. It's kind of like America is just lying about
offering peace or negotiation. And Iran is lying about winning the war. This is the fog of war.
What's provable is that material flow is slowing down. Inflation is going to get worse.
Prejuries are skyrocketing. The trust between nations is basically gone to zero.
And now we're starting a war during midterm. There's a lot of ugly pictures there.
If you walk back ETFs for Bitcoin are up only if you look back 10 years, up till now,
it's all about they'll just keep backing up the viewpoint and stuff and making sure it looks good,
but in general, I feel like there is a massive risk off appetite. You're going to see
whales are buying ETH or whales are buying Bitcoin. It's a risk off environment. And this
is the most uncertain that all street has ever been. So there's a lot of money on the sidelines
kind of scared to death. And inflation is coming with a vengeance because that straight of
materials is shut down. That's provable. So it's pretty insane. It's pretty insane. I'm just
happy to be trading, you know, and pretty effective at trading in the worst time in history to be
trading it. So kind of training myself in the in the Thunderdome right now, which feels good.
I got to have a brief, brief risky long on Bitcoin with that 618, a little bit of profit. I
open it just at the start of the show. And so I didn't want to share that. Well, we'll check back
in. I'm like 7% in profit. I'm probably going to go ahead and put it a break even at some point.
I do want to look at Nat Gas. Nat Gas starting to bounce from our trend line here. I wish I would
have added to my options in this one, two, three and a half day period right here. I knew there's
going to be a balance. It's just a trend line. Staying back a brief significant amount of time.
This is going all the way back of March, not 25 March of 2024. And it hit it again in April of 2024.
And then came back down in August of 2024. And then it's touching this zone again. So still in the
Nat Gas options, thinking I'm really, really liking us, you know, some potential upside here. And I
will say perform very well. I don't know when I'd have to check the date when exactly we got it.
Didn't buy the top by any means. But we're doing pretty good on that one. I do want to share some
other ETF news. So Bitcoin massive outflows. 170 million is bleeding again. A ETH also pretty
significant. 92 million dollars in outflows. Salana. One million dollars in outflows. But Drew,
what about XRP? Checked XRP. This is 2025. We're scrolling to today's date. Here we go. This
is checking XRP's ETF flow. So how much XRP is Wall Street buying? Not an outflow day. So we're
going to, I'm going to give Drew your Roman Emperor. Is this a thumbs up or is it a thumbs down?
Man, I mean, congratulations on having no movement, you know, I say actually a thumbs up because
this is, you know, look at Bitcoin, look at ETH, even sell out of head outflows.
Right. Now what's the chart look like? Well, I got, I got an XRP chart in a little bit. Don't
worry. We're going to go to the XRP chart. I have some pretty interesting levels. I want to show
you guys what about chain links inflow streak Drew? Remember chain link zero days of outflows.
It's the only crypto ETF that can make that claim. Salana said outflow days, ETH, Bitcoin, XRP,
you name it. Chain link. Let's scroll. Again, this is Wall Street's appetite of chain link. You
can see zero red days, just accumulation accumulation. It's another accumulation day, very small
amount, 150K, but still the street continues for chain link. Yeah, man, it's like looking at this,
it's like, okay, cool. You know, they're not eating these ETFs for all coins, but it's like,
this doesn't help the price action. It doesn't help the price. Yeah, I mean, as long as they
continue to sell chain link to fund operations and that sell pressures, you know, more than
accumulation is, it's been hurt. The price has been hurt on that. This isn't me. I still hold
a little bit of chain link. I de-risked insanely right around like 86K for Bitcoin, but still
where we're at right now, I want chain link to succeed. It's like this useful thing. It's not
as useless as XRP by any degree. So I'm saying it has nothing to do with the coins. I would just
strongly disagree. It is giving by pressure and sell pressure. Right. And you're also showing that
institutional interest is there for an altcoin, an altcoin with a much, much lower market cap than
ETH, much lower market cap than Bitcoin. So it's a signal that there is institutional interest at
the very least, but it's just maddening that these ETFs, you know, they haven't ever, in my opinion,
translated to price action. You know, and the same goes for Bitcoin. Well, the Bitcoin one did when
it launched in 2024. It was more of the FOMO though, right? Because they're doing the purchases
OTC. They're not causing upward momentum on the price action when they're buying. They're not
buying on the open market. They're buying OTCs as to not cause the price to go up. So it doesn't
OTC absorb a seller. You'd agree, but they do it in an algorithmic measure so that you're doing
micro purchases. I just think it's not fair to say, well, you know, because it takes away the
buy pressure, but not say it doesn't take away the sell pressure. Yeah. Well, they dump on the open
market. No problem. I, you know, that that's the thing is the dumps are way more aggressive than the
pumps from the buys. And that's been one of the more maddening things for me to deal with with
these ETFs. You know, it's like they've came and they're the excitement was there when we pumped
up to 74k originally, and it was really euphoric. You remember when that happened, DZ, the speculation
on all coins went bananas like near protocol went ballistic, ICP, which is literally a ghost
chain like, you know, went to like 20 bucks or something like that. You had the the general tide
shift when the ETF flows started up, and that tide has slowly turned into a blasted lake with.
Well, let's talk about some shifting tides. I got a shifting tide narrative for you here, man.
Bitcoin gained 655% the last time the supply and profit metric dropped to 50%. So look at the total
supply and profit metric. It fell below 50% in February. When did it fall in February? February
fifth. What day exactly? The WIC, the giant giant WIC right here. So you're going to see it the
the late hours Friday or I'm sorry, February fifth and then the WIC on the next morning opened
a little bit lower there. But February fifth, we hit 50% were, you know, below 50% were in profit.
As of right now, it is at 60%. And it's continuing to move within a range historically associated
with market cycle resets, aka the end of the bear cycle. The metric dropped from 50% of
February fifth, the lowest level since January of 2023. This is depths of the bear market, leaving
a large share of holders at break even or at loss. In January of 23, that's when Bitcoin was $16,000.
Well, profitability levels were comparable at 51% and then it would rally 655%. They say comparable.
We're going to dive into the data. I got it. Maybe some beef with that adjective.
March 20, we also fell below 50% for supply and profit. That's when Bitcoin was trading even below
6,500 ahead of its move to 69,000 all the way back in 2021. It's important to note though,
this metric does not pinpoint the bottom. We have the pinpoint right here. We're going to talk
about that in a second. First, let's look at this data. So this Bitcoin supply and profit.
This is where we're at right here, Drew. We're sub sub low. Don't the number not on the right.
We're going to have the Bitcoin supply here. Bitcoin's price is here. The y-axis on the right
side is Bitcoin's price. The y-axis on the left side is going to be the percentage. Here you
can see not quite 50%. They also said, oh, this was comparable. The bear market $16,000 Bitcoin,
that was in the 40s. You can see it tapping the 45% line right there. March 20, you can see it
tapping the 45% mark right there. Here, we didn't tap the 50% line. We could be seeing a little bit
more pain. They're saying, well, it's comparable to this area. Let's say it's more comparable to
this area. If you go straight up, this price range, you go straight right. It's going to be around
20K. That's when we end up falling an additional 25%. There's just another one of those metrics saying,
we're close to the max pain, but to get to that max pain, we got to fall about another 25%.
This coincides with me feeling like we're just like we were in June of 2022.
This metric and where that purple line is compared to where we are, it shows that you're going to fight
for the floor to be established here. You have that final flush out to the bottom side.
This looks like the same kind of situation. You have a higher low on the purple line
as the years go on. You're seeing that higher baseline floor raised up. Where we are,
currently, where you just zoomed in, really does look exactly like June of 2022. It really does.
That's generally where I think we are. I think that we're right there. We're close to the bottom.
The crypto Twitter is ready to fight each other and cannibalize each other. They're all pivoting
to some other industry or going to work in McDonald's. Well, what we're doing is we are basically
the town's folk and Dr. Frankenstein's monster story. We're looking for Frankenstein's monster
and today, Frankenstein's monster is David Sachs, before it was Jane Street at 10 a.m.
or it's this. It's that. It's Iran. There's always a boogeyman and that's going to be signs of
a bear market. Any reason for a reason to go down? Well, it's this reason, but when it goes up,
it's all natural and it's all by pressure. No one wants to admit, well, maybe it's just sell
pressure because there's more sellers than buyers. No, we need a boogeyman. I have a torch in one
hand and a pitchfork in the other. I'm ready to kick down the door of that straw hut.
I love having a boogeyman. Are you still in that long? Easy. Oh, God, I am. I forgot to just check it over.
Yeah, we're doing pretty good. Let me zoom out so I can pull up the percentage here.
I've been doing all right. Magnus over to this window over here. I bounced off 65
six, I think. Honestly, today's market, I might just take this 20% and run through.
That's what you know what? That's 17.1. Me and you have had many a conversation over the years
as I learned to trade. And you know, when you're up, especially when you're also hosting a show
and talking macroeconomics geopolitical tensions and cryptocurrency levels, it doesn't hurt to take the
problem. All right, Chad, should I close 75% or 100% okay? I'm not going to slide the bar around and
you know, type in the contract number. I'm just going to the easy tab here. One button,
one button on zoom x, by the way, we got a link down to zoom x 75% or 100%. I will listen to the first.
Okay, it's chucked diesel. 10%. I want to eat a little exposure.
Air was saying 100%. Close it. Close it. It's closed. God, it's going to keep pumping now. And I'm
going to blame you guys. That's the easy part about being a show host. You can always blame the crowd.
And they're bringing up bidets. Tilt says that to the position. Double down. Wow. Tilt,
no guilt. Well, it's in his name. Tilt. He's always on tilt, right? He's the guy. He's the guy
breaking the pinball machine. They've got me thinking about our bidets. By, you know,
I might, I might investigate this a little further. You guys are
working my interest here. You know, I mean, do you just say bidets? Yeah, the day where we talk
is someone in the chat talking about that. They're talking all about it, man. I mean, it's,
it's I mean, are you a bidet guy? Are you not a bidet guy? I've never done it. I've not
expected to talk about this right now. I've never done it. I've never done it. And I'm kind of
curious. We're in the bear market. You know, crazy things happen. Crazy things happen in a bear market.
Yeah, you want to, you want to clean an area because it's the bear market. All right. Let's talk
about the actual remember, this doesn't pinpoint the price bottom. They're saying some does pinpoint
the price bottom and past cycles price bottoms reform long term holder net unrealized profit and
loss. So not the normal nuple, the smart diamond hands nuple, the institutional nuple, not the
paper hand nuple here. So the long term holder nuple turns negative. That's what we saw in 2015,
2018, 2022. So they say this is the metric that catches the bottoms here. However, the current
long term holder nuple is only near point four. So that means the long term holders are still
comfortably in profit. You can see it color coded right here. We need to get into the red if we're
going to catch the bottom. They're still pretty far away from the red, even as the overall supply
profitability has dropped near market cycle lows. But they say it's going to be different this time.
Here's why they're saying do not expect the long term holder to hit the red to hit the negative
here. Is it now a shift in the market environment? A growing share of the supply is now held by corporate
entities and ETFs. They collectively control 15.8% of the circulating supply. It's going to be,
you know, closest ratio one out of six coins. These participants typically operate with a longer
holding period and lower sensitivity to short term price swing. So they don't panic sell
if something drops 20%. And so because now 16% is in the hands of these cohorts, they're saying this
helps explain why the total supply, why the toll supply may revisit historical accumulation zones
while the long term holder profitability stays elevated. So they're saying, you know, maybe don't
expect these long term holders to pute their coins. The ETFs, the Michael sailors, they're
not going to be shaken by Bitcoin and the negative. I would agree with ETF holders have a much
longer time horizon than four year traders, right? Or, you know, crypto enthusiasts that ride the
four year cycle back and forth. ETFs have a different perspective. And there is a longer term
conversation about how, you know, Bitcoin being worked into, you know, what we know is cyber security
and cyberspace eventually will come to play. And I think that they're kind of angling towards that
was the Badeca peanut butter off skin without water. Never. Oh, it's a good argument. Oh, my God.
I love this chat. I love this chat. Gay Anders got his gold going up. Badez have bottomed.
Maybe I go in on that. No, I'm sorry to get sidetracked by the Badez. These are bear market
activity, right? It's a bear market activity. Well, I got some bad news bad news for stretch holders.
And maybe it's not bad news. So I'm going to say, well, this is good news. This is good news.
80% of the buyers of strategy stretch mom and pop investors, institutions do not want this
thing drew. Oh, okay. Okay. And this is the risk free 11% 11.5% yield perpetual supposed to trade
out $100. And right now it is not, okay, Amazon worker rolling up. I got a little, a little slit
in my window. I can still see out. And I thought I saw movement outside my, I thought it was
that dang cat. I thought the cat was back to bother my dogs here. But retail investors dominate
the stretch shares, which have been used to acquire over a billion dollars for the Bitcoin,
roughly 80% are retail investors. According to the CEO, Fong Lee, who said on Wednesday,
these investors prefer low volatility high yield digital credit. Low volatility, he says, low
volatility. Where's this low volatility that higher low volatility? Now these are the daily
candles. Let's go to the full hour. And yeah, I mean, if I was the CEO, I'd start going out on
TV too. Now they can use this when it trades at $100. When it trades, sorry, above, when it trades
above $100, they can issue more shares until the price falls to $100. And they use that money
of issuing new short shares to buy Bitcoin, then adds to their balance sheet.
Isn't really good now. Sailor is the CIA promoting Bitcoin and HODL to prevent usage and
protect the US dollar. Interesting take. I mean, Piano Maddie B had the theory years ago that he's
a CIA asset. Yeah. And not to get two tin foil, just a brief description. They say the
intelligence communities overtook Bitcoin so it would no longer be used to buy coffee. It would
only be used to store wealth. And if it was used to buy coffee, it has a real chance of replacing
the dollar. If you can't buy coffee with it, there's no chance in hell. It would ever replace
the dollar coffee gas. You name it. I've spent some time thinking about who is the CIA asset
that's in mainstream media to for a while. I've been listening to that. Thinking about that for
a while, the litter pants is on the top of my mind for being one of the most obvious CIA assets.
They meant more like a Barry Weiss or something. Barry Weiss, that's clear. I mean, Barry Weiss,
absolutely. John Ryan, obviously, to me. Yeah. Anything any time I see someone on them recently,
I just assumed the opposite is true. Aliens are here. Okay, dude. Sure. And you know, people are
out there betting on you know, what ever happened to the alien disclosure, weren't they going to
like disclose aliens or something? I think everyone realized it was fake and lame and no one even
wanted to entertain it. Emmett, that was going to be a fun headline. It's a tick tack and, you know,
Air Force commander. Okay. Sure. Yeah. Sure. Show me the grays. It's all real.
No, no, the gypsons finks. You know, the head was bigger. It was a dog. And there's another one.
And you know, it's a battery and okay. I bet there's a lot. I bet there's a lot of CIA assets
within crypto though that are trying to push it in a certain direction. I think the clearest example
of that is going to be the maker Dow CEO who tweeted shortly before his death. He was found
drowned in a Caribbean island that his girlfriend was, I believe he said, a massage spy and is going
to plant damaging materials on his laptop. And he was, you know, he drowned 24 hours later.
Sounds oddly familiar. You covered that story. And I mean, that was
before the release of the files. But let's talk about XRP. I said, I'm going to show you
and look, me and Drew can, you know, wear tin foil hats all day. But we're here to talk about
some crypto here. XRP, it risked a 50% drop despite Goldman Sachs ETF exposure. I was like, okay,
what are they talking about? We cut to the chase here. Bear pendant breakdown. That's what they're
referring to the bear pendant. We don't got to read the article here. We just cut to it.
Then I went revisit it. Well, first, I didn't go to revisit. I just pulled up the charts. I was
like, Oh, okay. So we charted this out. And if we do get a bounce, there's a very good chance.
We're going to see this play out. But one hour ago, it just said, Oh, you thought we're jumping back
into the range. Slow your horses, DZ, you know, it ain't going to be that easy to just predict where
I'm heading here. But looking at XRP, you know, they're basically saying, yeah, this is going to play
out. It's a big, big bear flag. I'm not the biggest fan of the bear pinnets. I do like bear flags
more so than bear pinnets as a higher probability of, you know, coming to fruition here.
But this is the turn line that we drew out. You see, you just kind of hit in the way,
it's hitting the way, it then turned into support. And this is Sunday, March 22nd. This is five days
ago. So we zoom into the one hour. Yeah, you see, we're playing around this level. So we can flip
above it. We got good support. If we stay below it, it's going to be stronger resistance. If we
stay below it, the longer we stay below it, the more likely you're going to see this play out.
This is going to be just the target for the, the, the, the symmetrical triangle breakdown 90 cent
XRP. I think the upside was $1.90, right? Yeah, the upside is a dollar 90. So 90 cents or a dollar 90
chat. What do we see first? Drew, what is your guess? Do we see 90 cent XRP or a dollar 90 XRP?
Well, my guess is yourself, chat, bullish or bearish here. Whatever I say, it's going to do the
opposite of. So don't say that. You're good. Well, I mean, I feel like what happened on that
green impulse at the bottom of that wedge that you just showed and zoomed in on is a bunch of
boomers got together at a golf course. And I'm like, hey, did you see XRP dipped? Oh, I know we're
in World War three, but I'm going to put more of my 401k and XRP. I would say, I'm just going
to say it's going to dip. It's going to go lower. And, and so then it can go higher.
Do you think 90 cents before a dollar 90? Oh, yeah. Absolutely. Yes. Absolutely.
All right. All right. You an old and old and old and old and it's going to wait there till he could
DCA DCA on and see his $90 right here. So that's a huge. I mean, I, I'm leaning 90.
Which God is such a drawdown, man, because I just, I do still think this is going to be acting as
rejection. We've really got to flip the narrative. Something bullish. We've really got to put it
into the straighter removes being closed. You know, a lot of people are predicting recessions.
When there's recessions, there's not going to be extra money to buy speculative altcoins.
They were going to be struggling to buy, you know, mayonnaise sandwich ingredients here.
And so, so long as things are tense over there, I am, I'm leaning 90. I'm leaning 90. I'm
cranking out the 90s here. Bitcoin will not be used on any architecture. Okay. I'm still diamond
pants on fart coin. It is bottomed and rated to break out. I wish the best for you. And I hope
you don't shart yourself there. Bitcoin was invented by sovereign citizens. Who nobody knows whom,
whom. And since you didn't say whom, I reject Europe. No, I kid. I kid.
Japan says they'll never use Bitcoin. Well, that's a good thing about politicians. They
get kicked out after a while. And so, Japan isn't a monarchy anymore.
Yeah, Trump said he messed away. Trump's last presidency was super anti Bitcoin. And then
he heard the crowd and he saw how excited everyone got. And the idea of him being proud.
How do you mean Peter Teal's puppets? Yeah, absolutely. And David Sacks and all the PayPal
mafia, the people, the people, you know, you love to fade a PayPal mafia because their geniuses
really, they're just Satanists, dressed up as tiny hat conspirators. But basically,
you know, Trump came out and he said that he doesn't like Bitcoin when COVID was going on.
One of the US dollar to remain strong. And then he saw how excited everyone got on his bid
to become president once again. And he leaned in and used crypto as a launch pad for political
funding got elected. And now, you know, instead of clarity, we go to Iran. So that's what the DXY
is actually up today. We go the daily here. We got a few days of positive action here. And since
let's see, we're in our fourth week. So we're about what 23 days ago or something like that.
Since the war started, the dollar has gained the dollars gained about two and a half percent.
Yeah, the dollar has been gaining. It is worth revisiting Trump's first term. Of course,
he took, we're not going to say the right date in January. Well, you know, he took office
January 6, 2017 here. Trump's first term. Of course, he won the election November 2016.
He then go into office January 16th. And then there's this January, which we're not going to
mention. But we go to Trump's first term. I mean, the dollar was down 13% over roughly the first year.
And we look when he stepped in here is going to be January. Oh, no. We're seeing the kind of
the same thing. Dollar loss about 13%. Now, what happened next after the dollar lost 13% in 2017?
After the dollar loss is 13%, which we just saw, by the way, 14%, the dollar would gain 16%
over almost the, well, maybe two years. Have we started the beginning? Yeah. Yeah. Basically,
over the next two years, the dollar would gain 16%. And so if we do gain 16%,
yeah, we're looking at revisiting some of these levels right here.
It was just about that super old school trend line. I mean, that's been going on since the
08 crisis, right? So like, you have a financial crisis, you fall to extreme lows, and then you
basically cook the books best you can to the upside. You know, me and Kelly saw that trend line.
I think like five or six months ago or something like that, and we were expecting the situation to
happen. I should have, I should have known that it was some kind of military conflict we'd used
to bounce it up. Well, I see this peak in the dollar September 2001. Drew, what happened then?
Now, well, the Pentagon lost track of four trillion dollars. I think it was, and it was on
September 10th, and they came out and said, Hey, guys, we lost track of trillions of dollars. We
don't know where it went. And then the next day, something else happened, and we spent the next
20 years in the sandbox fighting the longest war America has ever fought. And no one
batted an eye at the trillions of dollars that was gone out of the Pentagon. Now we have a new
boogie man in the room that we can go focus on. So I got my pitch fork. I got my torch. Yeah,
I mean, it was very poor, not a teaky torch, not a teaky torch. Okay, my last name is Valdez.
All right, let's, let's look at Tau real quick, everybody.
If it tensors, Tau may plunge 40% within five weeks, according to this fractal data. Now, I am
take us a profit on hype, but I don't know if I'm ready for profit on Tau. Let me tell you why.
So they're saying it's a 40% drawdown because of this, I think they call it a death cross, right?
Let me just double check here. Let's see. Yeah, yeah, it's up here. Yeah, golden cross. Sorry,
it's a golden cross. That's what it was. So they're saying this golden cross is going to be bullish.
Normally, it's a 50 in the 200. The reason I'm bringing it up, they are looking at the 20 day
in the 200. So already, the classic chart purist, they're going to be mad at me here,
but let's look at the 20 day in the 200 day, because they're saying, when this happens,
it's the peak. It's over. We got the drawdown. That's basically what they're saying here. Let's,
let's look at the data ourselves. We still got our target here. So we got our potential pullback.
Oh, oh, oh, I haven't checked this lately. I was looking at this this more. Oh, okay, okay. So
not quite hit our level, but you know, came pretty close to retest. Let's look at the golden cross.
We still got this cup and handle looking juicy. You know, one reason I'm like, I don't know if I
want to, you know, take the profit right now. We got a cup and handle target still yet to hit.
And we have this golden cross. And the article says golden cross happens sell, sell, sell.
Well, let's look. If you look right here, now this, you know, this drawdown basically kind of
force it to happen, but even if you got right here, it still pumped another 16%. So it wasn't the end
and really if you did it after it fell, you're like, you know, you're basically doing it from here.
It would pump 40%, 40%. We got another clean one right here. Let's go straight up.
Last hurrah. This one is fitting their thesis.
Buying the tip, you're basically done. It's right another 5%. Then you got these other
like little weird ones. And we're going to go back one more. Look at this one though, Drew.
You go straight up the horde of straight up for moves. Yeah, you got another 40% pump and another
60%. So 40% pump kind of was the top 40% pump. I'm I'm leaning like there's still a little bit of
gas left in this tank, Drew. Yeah. Are you in profit on the average entry? Yes. Yes. I'd have to
double check. And honestly, I'd have to really do some digging because, you know, you buy
Tau here, then you move it over there. And I think I bought a little on L bank and then switch it
from L bank. I think that you can hold on coin base. I just hold it on coin base right now.
You guys actually believe in Bitcoin or just trade 100% believe it. That is why we're in this
industry. I fight for freedom. I fight for free speech. I fight for the freedom of economic activity,
freedom of economic mobility. And I think it's one of the greatest inventions of the last century,
especially when it comes to technology. We love Bitcoin. But at the end of the day, the goal
is to get more Bitcoin. And so if you see Bitcoin is going to correct 50% why not sell your Bitcoin
and then try to buy back lower. So I love Bitcoin. But we also, you know, sometimes you got to trade it too.
Yeah. I, uh, Bitcoin's our last chance other than lead and brass and a lot of pain in my opinion. So,
you know, we can sit here and think that the banks are going to, you know, operate on a reasonable
basis or you can acknowledge that the system broken that Bitcoin was built to fix the system
that we have right now. So I actually found crypto through encrypted communications and then saw
governments working to steal Bitcoin from the people's hands. And that polarizes me to a point
I don't think I'll ever come back from you. Well, you know, if bears just a little,
little repeating here, yeah, my buddy tried to get me into Bitcoin and he had lost his Bitcoin twice.
And my other exposure was from forechand, which I had preconditioned myself into thinking,
well, it's a scam and it's a virus that I'm trying to get tricked into downloading. And also,
I had a really crappy laptop at the time. I was more of a, I was an Xbox gamer. Love some modern
warfare too. I used to make fun of the PC gamers. And he had lost his Bitcoin twice. And I was
just like, here's why you buy silver instead. I still have those silver coins. I still have
wasn't a bad buy though on the silver. I mean, oh, yeah, when I called the top of 125, you know,
$3 short, you'd be like, you don't even hold silver. I was like, I remember telling people,
I've been buying silver since before the white paper after though, you know, I've been buying
silver forever a decade. Shut up liar. Yeah. Okay. I'm four, I'm in my 40s. Yeah, I've been buying
silver for a long time. What do you want for me here? Oh, Lord. I was always scared of vampires.
Yeah. Bitcoin is, I feel like wearables. You know, the real reason is I, I just have so much
distrust for the Federal Reserve and for the banking infrastructure in and of itself,
that having control of my own assets, being Bitcoin is really where that, that core value is for me.
Personally, what do you think as a mining that 1.5% a day is a bit high note? 100%. That's why I did
a very small amount, a very, very small amount. And remember, I said in the video, if you watched
the last night's video, you saw this was stepping. This is my guess. I don't know for sure. This is my
guess. You might be subsidized by the newer people coming in. And so if you're the first, you know,
10% of the party, you see that other 90% come in and you know, you're riding your profits the whole
time. And then you can, you know, hey, I hear the music starting to get a little quiet. You can
leave before the music stops. Yeah. It does seem, it seems like, you know, 60 days to get your money
back. It's just too crazy. And if honestly, if it took to get your entire investment back,
if it took five years, people would say, that's a pretty good investment. You know, I put down
$100 and it doubled in five years. Wall Street would kill for that because, you know, this is
basically, you know, you're beating, you're right there with the S&P 500. So if it took 200 days,
it's still wildly, wildly profitable. And, you know, everything is shaky. Let's just say that
everything is a little bit shaky. Small amounts, small amounts. I would not, you know,
I would not put a large percentage of the portfolio in it. Speaking of large percentage of a
portfolio, how about meta? Meta has fallen 7%. Just recently, after a landmark court rule,
case ruled that the company failed to warn or protect their young users, stocks erased 100 billion
in market cap today. And it's still dumping. It is still dumping. These are the daily candles.
Right now, meta is down. I want to say it was 33 now pushing 34%. So meta seen a significant
correction here and you zoom out the previous drawdown is going to be August 21. So kind of
towards the end of the bull run for a lot of people. Meta fell like a altcoin. It fell 77%.
And this was right around when they rebranded to meta. A lot of people did not like that move.
And now they're kind of getting away from the metaverse. And I guess people would like that
move either. Meta not to meet not looking like a buy until you maybe want to, if you really want
to be speculative, there's a gap low right here. And we're not too far away. I would not even
consider touching this to maybe put a small, small trade in right there. I still think it can dump
and dump even lower. I potentially dump this low right here. You can see tried to close that gap
was unable. And that's going to be right around stupid degenz 420, bond was 406.
Yeah, I keep talking to people that, you know, I mean, like my pops is watching this Wall Street
chaos and just like, what is going on? This is, you know, we look at the shaky ground. Like,
are we going from 60 to 50 on Bitcoin? Oh, my God. In my opinion, the S&P 500 is probably going to
fall by, you know, it's probably going to fall down to 5500. And there is so much over leveraged
up only mentality in the boomer sector right now. If they see a wash out down to an average
wash out point for the S&P 500, there is going to be blood running thick through the streets
if that happens. Now, that is a bold claim. These are weekly candles. And if we look, you know,
last time we were able to get here fairly quickly. Six candles, five, five candles. Let's do
the math here. Drew five candles. Okay. So you're saying we're going to plummet to the bottom of
this range basically. We absolutely reasonably could. And that is something that's your prediction,
right? Well, I think 50 500 dollars is where I have mapped out for my own personal
stocks that I'm interested in adding more to. I have the stocks currently, but they're kind of
bought a while ago. So I'm up enough where a wash out wouldn't hurt me too bad. But what do you
feel on this level? I mean, so you're thinking this level of support is just going to fail,
which I'm telling you. It'd be turbulence. And we could probably find short term bounces there.
But I am not of the opinion that there is an outlook of everything going back to normal in the
short term. And I explain this 100 times why people in their complacency bias do not want to hear
it. So I'm not going to sit here and bore you with this. But the S&P 500 has done 20%
corrections all the time. It runs up. It hits the top end of the channel. Then it does a 20%
correction washes down. Then people come in and buy up the blood. But you know, it's it's in I see
this happening. I absolutely do see this happening. It's losing all of its momentum. It's completely
rounded off on the top. There is no outlook piece. Everything is in the headlines. It causes it
to pump in the short term is a lie. And I see pain. I see pain. You know what? We're seeing some
similarities to before the previous breakdown. So this is the 100 day moving average and the 200 day
moving average. And you see it bounced along the 100 and then would dump and then use the 200 as
support. I mean, as resistance didn't really even get a chance to act as support. Maybe one day,
two day, three day, four day. And then it crashed through. We look, hits the 100 hits the 100. Oh
no. One day three day, three day, four day. And then it crashed through. I have a lot of reasons for
thinking this like reasons for thinking this. Yeah, I really do. It's it's not just like some,
you know, I'm not on the sidelines in the S&P 500 by any means. And what I also see is UBS,
one of the largest banks on the planet, is now blocking the exit. Now over the past month,
I also saw BlackRock start to block the exit for their credit funds. I see a credit crunch 10 times
worse than the S than the 2008 crash is on the cards for me right now.
Hmm. And the chat pulled out a Nike Nike potentially loosens up very, very strong. I don't
want to say strong support some some old support here. This is April 2025. So that's going to be the
tariff lows there. And yeah, pretty key range, pretty key range right here to 50 to 52 dollars.
So we're looking at a pretty fairly tight range. I mean, you can make an argument of 49,
so 49 to 52 is a little $3 range right here. It's been a pretty important level for Nike. How
about that stock? Geez. Well, where people think and Nike's were the coolest shoes when I was
in high school and the stock was trading at $6. Yeah. But looking right now, I mean, that's the
that's the world's largest head for ahead and shoulders. You got a little baby shoulder right here.
You got a giant melon and then you got a little baby shoulder right here. This is some pretty
strong support though. You'll probably owe 40 bucks a stock if it plays out. What are your
thoughts on Nike just in general? Man, it's a mainstay product. It's a mainstay brand. I think,
you know, a lot of the manufacturing overseas production cost increased and transportation
increases are going to play into a product increase. But the smartest investors out there
are not banking on more luxurious brands being bought. They're banking on section 8 housing.
Okay. So people who were buying red bottoms, the Louis Vuitton's now they're buying Nike pumps.
They might be in a year or two from now. I mean, you might see a big downgrading of people's
zest for luxury products and Nike. It's just a shoe, right? It's just a shoe. If people can't
afford food in aggregate, they're going to choose pay less shoes, right? They're going to go just
get a regular very true. What's your chat? What is your because now I'm wondering like is Nike a buy
but maybe people don't buy them anymore? What does your go to shoe? Me? I'm Nike and buy Nike.
Okay. You know what? Look, I got Nike. I got Nike's buy your kids. I'd buy my kids
fucking Nike. Man, he won't take anything but Nike or under armor. He only wants to wear
Nike or under armor. But I'm a crypto bro, you know, I'm not the average bro. I'm not your
average bear. So, you know, I live in Alabama. Maybe I have a different viewpoint because,
you know, in Alabama, the average shoe is like a pair of work boots covered in mud.
You know, so I have a different perspective. I don't know. I'm not, I'm not seeing the highest
percentage percentage of Nike buyers here. Now, it feels like I had out of 10 people. So like,
what was the last shoe you bought folks? And, you know, yeah, for me, it was, it was Nike. We
got people buy a red bottom Steve Madden's. We got a fashionable chat. We do from accounting.
Where are the Steve Madden's here? We do. We do. We do Swiss. You know what? Maybe Nike's
aren't that popular. Pumas. Well, there's a lot of good competition now, you know, and you
got keen. Keen is an up and coming brand that a lot of people sleep on and people that buy
keens are rich and they will keep buying keens. There are keen maxis out there. Um, under armor came
out pretty good. I like under armor. Yeezies. I'm afraid if I buy yeezies, I'd have to shave the
edges of my mustache. Yeah. Well, the right on the left side got to stay on brand easy. You know,
that's part of the, I mean, my mom was German. Anyways, let's move. Let's, there's David Sacks news.
So then I got one. We got to talk about the, all right, we already know about the Trump dollar
in the signature. There's a Trump coin and there's three designs. We're going to look at the three
designs in one second. But David Sacks did step down as white house crypto lead. He bills unfinished.
He had only 130 days of special government, uh, government employee limit. He would work some
days. Then he'd be off. Then he'd work a day. Then he'd be off. Key crypto legislation still
unresolved. No successor name and TJ's point here. No one ever trained Sacks. How to train cats.
The elected reps are the problem and not moving things forward here. Eleanor Territ was reporting
here. His time as a special government employee has now expired. It's unclear whether it will be
a replacement. Cryptos are or whether he'll continue to play a role from his position as the co-chair
of the PCAST or when you look at the entirety, I'm not going to read his fox business. I'm sure he
posted this because it's probably a fluff piece. Let's just be real here. But now I want to share
always like the good acronyms we hear. Peacast. He's going to be co-chair of the PCAST. So we got the
podcaster co-chair of the podcast council. Basically, he's VC who became a special white house official
under Trump, but he wrapped up his tenure, but he'll continue to shape policy in his new role
as head of podcast. Still, the new role will overlap with his previous duties.
Scripto and AI's are as he and other members, he and other podcast hosts will study issues together
before issuing official recommendations. Peacast, maybe more AI-focused than crypto,
it's going to have 13 tech leaders. You're going to be an AI crypto healthcare and quantum computing.
Amongst the 13, we have Envides, Huang, we have Mehta's Zuckerberg, AMD's Lisa Sue,
Oracle's Larry Ellison. We have Mark Andreessen from A16 and Michael Dell.
I'm disgusted by this list, but let's move on here. The only crypto native member is Fred
Ersson, who co-founded Coinbase with Brian Armstrong. In 2012, before co-founding VC
Paradigm in 2018, do you remember Jeffrey all up in the emails? He was a series C investor
in Coinbase. Jeffrey was. You remember the emails? He was an early, early investor of Coinbase.
Jeffrey, I don't want to say his last name because YouTube has been punishing us lately. We've
seen in the metrics. Help us out by smashing the like button. But Jeffrey was not emailing Brian Armstrong.
Who is the emailing? This guy right here. So we got Jeff Friend and 12 other people.
Jeff is probably watching this from Florida. Jeff, if you're watching from Florida,
we mean nothing by it. Okay, we mean nothing by it. We don't want to end up getting rolled up
in a rug by deep state agents here. We're just calling it as we said to put.
But hopefully all these guys that get on the same page and not that page in Ellison,
they can get on the same page and then just help maybe push through things like the Clarity Act.
We need something because obviously we can't get the Democrats and the Republicans to agree on
this bill. We can't get the banks in Coinbase to agree on this bill. No one can agree on this bill.
And now it's looking less and less likely. We're going to see this pass. But now it's time for the
main thing I want to share here. Trump to put a signature on US dollars,
regular tradition since 1861. I don't want to get too deep into the weeds here.
Gonna be the first hundred bills with Trump and Besson signatures. Gonna be printed in June.
Other bills going to follow. They want to put US signature on the US notes. Also, potential
dollar coins. We might get a return of metal currency drew. So as a Bitcoiner, people should
appreciate the metal currency is going to have Trump's face on them. And it could enter circulation
as part of our anniversary, the 250th anniversary for 1776, signing the Declaration of Independence.
And in late 2025, there's three designs that they sent out. Chat. One, two, three, type in the comments
here. Do you like number one? Do you like number two? Or do you like number three? Drew, let's ask
you first here, which design? You're in charge. You're in charge of the mint. You get to choose
design one, design two, design three. I'm going three. That's the least. That's the one I like the
least. I like the side profile. I like the side profile. It doesn't matter. That looks like a strong
chin. You know, I like the side. You talk about when you button the shirt and it just hangs out
like a chandelier. It's a strong chin. It looks like my rooster. What are you talking about? It looks
great. I'm going to chat here. There is no seven, three, zero. Look, metal currency is cool. If
you're a bit pointer, okay, take Trump out of the equation here. Oh, that two is the mug shot,
isn't it? Oh, yeah, it's got to be the mug shot one. Yeah, it looks like a coin. I'll give you
that. That you're right. You're definitely right. You want this one or two, two, looks like two.
People like two. Okay, three looks ridiculous. Other people see it the right one. If you come to
basement, you're getting banned. If you voted against three, you're getting banned out of the
finance, finance, funny, funny comment there. Uh, yeah. I think you got to go chat, chat,
chose two. Some of you folks, some of you folks, man, unbelievable, unbelievable. Yeah, it's,
it's death row vibes on number two. Yeah, no one likes, I mean, there's a few of you that typed
in one. One seemed to be the least favorited here. Uh, the mug shot is from a higher angle. Okay,
but you know what, I think it was inspired, inspired by the mug shot here, but the Nike swoosh on
the coin. Yeah, you know, raise some money. Let's raise some money. Yeah, looks like it's number two
drew. Get a sponsor. All right, number two, whatever. I still think number three or, but actually,
the mug shot is really what it needs to be. It's, it's Michael Dell is the sponsor. You flip the coins.
Dude, you're getting a Dell. Yeah, I throw the coin in the trash. Yeah, well, just replace his
face with Bibi and just, you know, just let it, let it send it full send. All right. Now, some are
saying one, he looks a little filled up there. Okay. Now, okay. Uh, yeah, Grover Cleveland. I
mean, they say John Wayne was, you know, he pairs with like, what 40 pounds inside of his
colon or something like that? Yeah. Uh, is that Elvis, too? We should probably, uh, study up on
the Elvis way. Elvis, because we're about to go to some are saying we should get Terry Cruz for
mediocracy. Was it a president? Comanche or command show? Yeah. So I'm like that. I mean,
that's where we're at right now. So, you know, you might as well embrace it. All right. So
we're getting a pump. Don't tell me we're pumping because I closed the long. I wanted to keep the
long 75% open here. Okay. Any big announcements or something that might have come out. Okay, a
little, little, a little bit of a move here. 1.3%. Okay. The five minutes are starting to look
a little positive here. All right. Okay. I would probably close by now if I was still in it. Yeah.
Yeah. But, you know, it's, it's Friday, you know, you don't got to stress yourself out so much
about, could it what it should is? It's a beautiful day outside. We're still alive. And folks,
we might have a really cool video for you tonight. We might have a video with Garrett Soloway.
Oh, yeah. Oh, yeah. You're going to have that video out tonight. I think so. I think so. I want
to rush that one out. So, you know, maybe you won't be like crazy edits and music and zooms and
all this stuff. It might just be mean, mean, Garrett, looking at the charts, maybe trying to either
talk you off the edge or freak you guys out. I'm not sure which one, which direction he's going to
go in. Now, do you want to highlight before we go highlight the trading discord? I mean, let me
start at the beginning, folks. The trades rolled in. And if you're a night owl, shout out to the
night hawks. You're seeing some of these profits that are rolling in 8 a.m. 7 a.m. Let's see. These
are all going to be at 6.54 a.m. And a lot of these are going to be the trades. I'd start
launching at like 6.40 a.m. 6.41 a.m. 6.41 a.m. It was it was lively 6.39 a.m. And so, I was up at like
6 a.m. And I didn't check the discord, man. I'm mad at myself. I'm just kind of scrolling
until we get a loss here. Oh, there we go. There we go. We had a string of losses when I hear
to like say, oh, yeah. So, I mean, there's definitely some losses. It's not all winning trades,
folks. There is no free money in the casino. Unless you find, you know, a passed out guy and he
steal his wallet. But even then that's not going to be free. They will come after you. But
let's let's you're in the Indian casino and you're tan enough. I'm just joking. I'm joking. I'm
I'm a 16th Cherokee or something. But folks, that is our show drew any a part in message.
I'm going to be going live on the basement right after this to talk about the credit crunch,
to talk about the banking scam that's going on right now and the reasoning behind my S&P 500
warning. So I'm pretty excited about that. And yeah, get yourself some solar panels,
chickens. If you can, that's what I would say. I love it. Love it. Love it. All right, folks,
see you in the future or in the bay. We just wanted to take a quick second to shout out our sponsor
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