Transcript
And I've been listening and the vibe has changed.
The vibe has definitely changed.
I see asteroids here.
Astroid and I can't have agree.
There's some characteristic to Bitcoin
that the smartest people in Bitcoin
have not been able to explain.
And it's that characteristic that just when you think,
oh man, this time it really has done it.
It's died.
It's just going to stay flat.
It's probably going to get adopted,
but it's not been open price bank.
It's like, I don't know man, it's like,
it's kind of like Bitcoin's kind of like a lizard
that has to come out and warm up on the sun
and sit still without moving for a few hours
and then bang itself.
And I love that characteristic.
And you know, you could feel that sentiment
prior to this pump, people were,
you know, you come on spaces and people
who go through the motions and what you get hear it
and people the negativity and the maybe
maybe not necessarily negativity but apathy.
Like I detected a lot of apathy and that's gone.
Like I know it was, I know it's easy to say this.
It's like Monday morning quarterback in
but there's something has changed.
And I'll always remember to somewhere
we were on a Fred space and Thomas,
he almost did one of his videos where he's out with his wife.
He was out to eat somewhere and he came out.
He probably had a few beers and he came out after eating
and he was in the parking lot
and he just sprung up a live video and he was like,
guys, I think this thing's gonna pump
and we had been chopping sideways
that whole summer of 24.
And I lo and behold that was a Sunday afternoon
and lo and behold that's something that we pumped like hell.
So sometimes you can feel that
and I don't know, I could be proven very wrong here
but like I think we're gonna go on another move here.
I really do.
It's funny how people think people seem to think,
alright, we had our pump now.
That's it.
We had our pump.
It was great while it lasted.
I don't know man, I just think it's weekend.
I think the volume dropped off.
But I think we're back in business
morning or really do.
This is controversial for any of the people listening
who don't like seller or don't like strategy.
But look whether you like seller or strategy
or his product or not,
one thing is abundantly clear to me.
They have navigated the soup that they were in since May
and a large, large holder of Bitcoin, 835,000 Bitcoin
or whatever it is.
They're gonna get that thing back to par.
Now the naysayers would say,
oh, it's easy getting back to par when they're the only buyer.
It's kind of like buying your own teables,
like the central bank, the buyer of a last resort,
but so what?
They're doing it, the market likes it.
I think they're one more defensive move
away from getting stretched back to par.
When that thing gets to par and they start by ain't again,
and they've got a five, maybe more than a five billion dollar
reserve.
Man, I think, you know, there's a lot of teal ones right now.
That's just how I feel about it.
I'm not much of a guy for T.A.
I'm much, much more interested in the sentiment that I am in T.A.
But I heard a bit of T.A. talk over the past few days
with the 50 week.
And look, if we can move along,
I would be inclined and claimed to sort of look at that 50 week.
I think it's relevant.
If we can trundle along here,
was there any major fuck ups for the next couple of weeks?
What is it August?
Let me see him look into the calendar.
It's August 20, it's today is 22nd.
So we're a week away from the end of August.
And if you get another three weeks into September,
you're at the point in that 50 week move and average
where the all time high is falling off.
So you're not including the highs from last October.
And I think that's significant.
That pulls down.
So that figure used to be $82,000.
And every time we pass a week,
we're given away a week of the high prices last fall
in exchange for another week of 60s and 70s.
So the point being the 50 week becomes easier to catch.
It's like moving towards us.
It's like two hands reaching out to each other.
And I'm inclined to think this is not financial advice.
Of course, there's a front entertainment purposes.
But I'm inclined to think,
if we hang around here at 77 or even if we slide a little bit
through Sunday and Sunday night and let's say we slide
a little bit to 74, 75,
I think if we go on another little pump
and take that 50 week move and average,
man, I really think we're off to the races.
I don't see any more impediments ahead of us.
Like there's always an investing.
There's the on-for-seen Lexwan.
But just in terms of the Bitcoin market,
I just think things have changed.
I think that bit nonsense being put to bed.
I think strategy basically went through.
Strategy was basically shorted, right?
And they came under huge scrutiny.
The market didn't like their moves early in the year.
Bitcoiners didn't like their moves.
They came under attack.
And man, they've responded like you have to take your hat off
to seal your insides.
You just have to take your hat off to them.
They're back.
The common is moving up.
Stretch is moving back to par.
And don't underestimate what happens
the day that stretch gets back to par.
I think that's a huge change in sentiment.
It's not that long ago, stretch was someone
who made people to correct me here.
But I think it got to $74.
Like this 25% down from where it was meant to be
pegged at $100.
So that was a significant attack.
And if they can get that back to par,
and they've got five billion cash reserves.
So the question suddenly goes away,
but how did they pay the dividend?
You know that question that was lurking around all spring?
How did they pay the dividend?
That question goes away.
And with the underlying asset going up a little bit,
their numbers have changed considerably
in the past number of weeks, both with their defense
of moves and the rise in the underlying.
So look, don't underestimate what happens next week
or the week after when strategy gets that vehicle back to par.
Look, maybe they cool the jets.
Maybe they get it back to par and they say,
well, we're going to put the catch.
We're going to put anything we capture into the catch reserve.
They could do that.
They've got a lot of options right now.
So I look, I'm bullish.
I don't apologize for being bullish.
Even if we were to slide down and give away
some of those gains of the past few days,
I think Bitcoin is the market of sentiment message.
Like there's buyers there.
I see Grant up here.
I'll get to my speaker approvals in a second.
Like that story, Grant told last night,
I freaking love that story, man.
Grant's friends sitting watch and CNBC.
And he sees somebody that he respects
with a suit and a shirt and tie, sitting on CNBC
and tell the gear friend or whoever it was
going by a million dollars, a Bitcoin.
That's, we need that.
We need that.
And that's going to happen more and more.
And with strategy ship settled and that stretch product
motoring again, it's penalty bought a Ferrari.
And the timing was off.
The belt was slipping or something.
They have a phenomenal engine.
Just needed to adjust it.
And any high performance engine, the tuning is,
you know, you don't necessarily get it right first time.
So I'm starting to be asked a little bit,
but I just wanted to fire up the space.
There's been some pretty good spaces over the past couple of days.
I just wanted to keep the momentum going among us
to continue this conversation and see where we go.
Like we're kind of resting here at 77, which is awesome.
Yeah, I put out a poll a little earlier.
When we're resting at 77, which comms next,
do we drop the 15 back to 62 or do we go up the 15 to 92?
And I'm inclined to think that we can take that 50 day
and stretch gets back to par.
I'm inclined to think we could go to 92 pretty quickly.
That's my hunch.
Joe Carissa area outlined this pretty well.
Bit of months ago now.
And a lot of other people were saying it as well
about they had a hunch that people may try to front-run.
The believers in the four-year cycle
that they may try to front-run.
And look, it doesn't take an awful lot of people
with large amounts of dry powder coming in
to start the ball rolling.
And once the ball starts rolling,
bitcoins are like mere cats.
There's a noise and the distance everyone comes up
out of the burrow and the heads go up
and you look to see what's happening.
And we kind of all move together really.
So if the ball gets rolling,
yeah, I'm very bullish right now.
I just can't hate it.
I'm even more bullish than it was.
We've been through this crap.
Whatever the hell it was,
you can call it a four-year cycle bear market.
You can call it.
My girlfriend called it a mid-cycle correction.
I'm inclined to call it.
You know, I go back to 10, 10 and market manipulation.
But I think the foot is common after the throat.
That's the analogy I used to describe it last fall.
Bitcoin had a foot in the throat.
And we're pinned down.
I think that boot has been removed.
And I'm going to finish up this monologue
a little crudely.
I'm going to say fuck up October.
Why do we have to wait until October for this thing?
Yeah, that's a load of bullshit.
I don't believe that for a second.
This thing kind of takes off for no rhyme or reason.
And I think it's winding up.
I think that pump last week was just a gentle remainder.
And I think we can go up from here.
So that's my monologue.
There's 21 rocket ships up there, by the way,
and the space title.
And a feeling bullish here.
Let me get to some of these requests
and see what others have to say.
Hey guys, are we doing?
Yellow.
Who's that?
That's the rail.
We see okay?
Hey, I just want to say I'm extremely bullish.
Well, fortunately, there's a golden pocket ghost bit at 18k.
We got to sweep through first.
And then we get in the golden pocket.
We can go up to 120.
Did we get the catastrophic?
The 17-fib level though.
You know what I mean?
And then it'll be into upward, whatever
coast is clear trajectory.
That's right.
That's right.
Radio analysis is something else.
No, but I was going to say it's kind of funny
because all these billionaires and these people
are coming on like Mark Cuban.
They're like, why would I buy it?
Why would I hold it?
There's no catalyst.
There's no good news coming.
How is it going to go up?
Hey, I's taken all the news.
And like, as we've been saying for years, or maybe a year,
you never know what the catalyst is.
And it doesn't need a catalyst option.
So like, stop trying to predict that their catalyst
is going to come.
It just comes.
Another thing is, man, it doesn't look like these buybacks
are really remedying the bond market issues.
If they have to keep uping that $10, $20, $30, $100,000,000,
trillion, I wouldn't be surprised if this fucking thing
doesn't go to $200,000.
I mean, I'm just telling you, it really
could have come out with just a bazooka kiwi
to save the bond market.
So I feel like it's now, this point, it's a must-hold asset.
It's not just a must-hold honestly.
Well, we got just the guy in stage,
dark, it's good to see.
Perfect.
Yeah.
What's your take in all this dark?
I happen to think that's the percent is a pretty smart guy.
But he must be smarter than to stand in front of camera
and say we're going to grow away out of this thing.
Does he mean grow with kiwi or does he mean?
Like, what did he mean by that?
Was it hopium?
What the hell was it?
Well, I think the feds got the dark.
You there, buddy.
They caught up my off he was giving.
They're going to give us a load on and what percent really
meant.
Are you there, dark?
Yeah, we can't hear you.
If you want to leave and come back in, I'll send you a request.
Bitcoin bull.
How are you feeling?
Are you living up to your name?
Always, always.
Good man.
Yeah, I don't know what we're going to do.
I don't know if we're going to.
I'm always bullish, obviously.
Will we have a little pullback, a little correction?
I don't know.
I have nobody knows.
I just personally don't live my Bitcoin life that way.
I just try to stack what I can.
And when you believe in something, you believe it's going
to go up.
You just try to accumulate what you can.
And that's it.
So I try not to make too many predictions.
But yeah, my bullish year absolutely.
It looks good.
I felt like a long time ago we hit bottom, whether we did or not.
I guess we'll find out, right?
But yeah, that's where I started.