WEBVTT

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<v Speaker 1>In flowed into all of the ETFs. That's massive, and

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<v Speaker 1>you can see how much correlation these inflows have with

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<v Speaker 1>pushing up prices because they're largely being fueled by institutionals

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<v Speaker 1>with huge capital.

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<v Speaker 2>Hey, everybody, welcome into the Thinking Crypto podcast. Joining me

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<v Speaker 2>today is Brian from Sentiment, and as you all know,

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<v Speaker 2>we're going to go into the metrics and the data

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<v Speaker 2>to see what bitcoin and all coins are doing and

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<v Speaker 2>what may come next. Brian, great to see you.

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<v Speaker 1>Great to be here with you, Tony. Last time we

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<v Speaker 1>chatted it was kind of a more worrisome time, and

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<v Speaker 1>all of a sudden, we're in celebration mode here as

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<v Speaker 1>Bitcoin just went above one hundred k for the first

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<v Speaker 1>time since February third. So yeah, a lot of rejoicing happening. Yeah.

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<v Speaker 2>In fact, Bitcoin cross one hundred and one thousand dollars

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<v Speaker 2>as well, and then eth is back over two thousand.

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<v Speaker 2>Seeing some momentum here, But of course we want to

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<v Speaker 2>validate this move with the data. Yeah, let's kick it

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<v Speaker 2>off with Bitcoin if you can share your screen and

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<v Speaker 2>some of the metrics and we can start diving into it.

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<v Speaker 1>Yeah, we'll jump right in here. One thing I want

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<v Speaker 1>to look at right away is seeing if there's a

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<v Speaker 1>divergence forming between the ten to ten k BTC holders,

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<v Speaker 1>which are essentially the key stakeholders that through our studies

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<v Speaker 1>have the most correlation with where prices tend to go next.

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<v Speaker 1>Not a perfect one, but a good one. So seeing

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<v Speaker 1>how they're doing versus what prices are doing, and it

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<v Speaker 1>kind of looks so. So we've seen, you know, a

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<v Speaker 1>fair bit of accumulation going back to mid March, and

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<v Speaker 1>of course, you know the early April tariff announcement by

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<v Speaker 1>Trump caused a little bit of a divot right here.

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<v Speaker 1>That's for those unfamiliar with this chart. We're just looking

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<v Speaker 1>at the total amount of BTC held by all wallets

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<v Speaker 1>that have between ten to ten k BTC. They make

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<v Speaker 1>up about two thirds of the supply of this group,

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<v Speaker 1>so massive amount. So they dump a little bit, but

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<v Speaker 1>by the next day they're already accumulating again. A little

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<v Speaker 1>bit of flatness during the uncertainty if that first week

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<v Speaker 1>of tariff policy announcements and you know, reel versus fake

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<v Speaker 1>news all that stuff, but they really began accumulating rapidly

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<v Speaker 1>right around the bottom around April tenth, April eleventh, actually

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<v Speaker 1>technically April ninth was the bottom, and you can see

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<v Speaker 1>they're already accumulating here. They get all the way up

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<v Speaker 1>to about thirteen and a half million BTC combined before

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<v Speaker 1>a little bit of dumping started, and they're actually down

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<v Speaker 1>just slightly despite prices being up. So you know, if

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<v Speaker 1>we draw just a ligne here for the amount held

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<v Speaker 1>versus the price, you can see they're going in two

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<v Speaker 1>different directions. So ideally we need the accumulation for the

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<v Speaker 1>key stakeholders to keep up and start looking a little

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<v Speaker 1>more like that or even you know higher. You get

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<v Speaker 1>the idea that would justify for prices to go even higher,

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<v Speaker 1>and potentially we see that new you know, one ten

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<v Speaker 1>k bitcoin all time high. That's somebody you're waiting for

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<v Speaker 1>right now.

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<v Speaker 2>Yeah, that definitely makes sense. And as I look at

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<v Speaker 2>this chart, I see the peaks and valleys and ebbs

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<v Speaker 2>and flows you know on the micro overall, like it

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<v Speaker 2>doesn't go in a straight line. So to your point,

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<v Speaker 2>hopefully we see that uptick even though overall this is

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<v Speaker 2>still holding well, it's not like it's in a downtrend

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<v Speaker 2>or anything like that exactly.

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<v Speaker 1>Yeah, they're certainly not dumping by any means. But we

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<v Speaker 1>do want to see the key stakeholders continuing to get

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<v Speaker 1>richer in bitcoin over time as a justification for prices

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<v Speaker 1>to move up, because they've got the capital to push

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<v Speaker 1>up prices, and that gets retail to kind of help

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<v Speaker 1>with the domino effect and add fuel to the you know,

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<v Speaker 1>the rocket ship, if you will. So we need they

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<v Speaker 1>they tend to take the lead, and if they're not

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<v Speaker 1>pushing prices up or accumulating more as prices are moving up,

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<v Speaker 1>that can be a little worrisome. So you know, based

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<v Speaker 1>on this chart alone, it could be a signal that

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<v Speaker 1>we might be in a bit of a stagnant period

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<v Speaker 1>now that we've reached you know, the summit of one

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<v Speaker 1>hundred K plus again.

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<v Speaker 2>Oh for sure. And then I can only imagine that

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<v Speaker 2>some of these wills, not all obviously, but if they

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<v Speaker 2>bought at seventy six K or eighty k, right and

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<v Speaker 2>it just hit ninety something or one hundred, they take

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<v Speaker 2>some profits off the table, exactly.

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<v Speaker 1>Yeah, And we got to that level what here on

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<v Speaker 1>April seventh, and during that time, you know, they're still

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<v Speaker 1>up quite a bit. They've accumulated a total of about

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<v Speaker 1>a little over forty five k bitcoin during that stretch,

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<v Speaker 1>which is if I'm doing the math, but like about

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<v Speaker 1>forty five million dollars worth of BTC, so they're moving

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<v Speaker 1>in the right direction. Or no, it might be four

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<v Speaker 1>hundred and fifty million, whatever it is. It's it's a

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<v Speaker 1>ton of money, more than any anyone of us watching

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<v Speaker 1>or speaking, we'll ever see.

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<v Speaker 2>Yeah, let's talk about sentiment. How are retail feeling? You know,

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<v Speaker 2>they's starting to get a bit euphoric, are they is

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<v Speaker 2>a tariff worry kind of dissipating.

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<v Speaker 1>Yeah, So I plotted the top three non stable coins

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<v Speaker 1>here in terms of market cap, just so we can

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<v Speaker 1>see how sentiments kind of fluctuating between all three. This

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<v Speaker 1>red line here is bitcoin. We do see that as

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<v Speaker 1>of today it is up. Not surprising, but it isn't extreme.

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<v Speaker 1>So this this is essentially measuring all the positive comments

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<v Speaker 1>versus the negative comments and dividing them by one another

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<v Speaker 1>based on our I'll go that looks at whether a

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<v Speaker 1>comment is bullish or bearish. So when we get up here,

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<v Speaker 1>you know, a high amount that tends to lead to

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<v Speaker 1>a top. When it gets very low, I'll just hide

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<v Speaker 1>the other two so it's easier to see when we

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<v Speaker 1>get very low. These are the kinds of indications that

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<v Speaker 1>we might be in a bottom. We saw one here,

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<v Speaker 1>and we saw prices rise shortly after, and then this

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<v Speaker 1>was a really ideal time to buy the morning of

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<v Speaker 1>May seventh morning for the US folks at least, and

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<v Speaker 1>that's when prices really started to churn and we suddenly

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<v Speaker 1>went from ninety three to one hundred in about what

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<v Speaker 1>thirty six hours or so. So where we're at now

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<v Speaker 1>with bitcoin, it looks like there's a little bit of

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<v Speaker 1>greed going on in terms of just overall sentiment, but

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<v Speaker 1>it isn't to the level that I would be worried.

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<v Speaker 1>You know, Fomo's about to burn this rally to the ground.

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<v Speaker 2>Right, and it seems like we're setting up for you know,

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<v Speaker 2>I know seasonality is not always perfect, but in the

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<v Speaker 2>bullmarket years, the final years, you do have that Q

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<v Speaker 2>two run up. We saw it in twenty twenty one

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<v Speaker 2>and where things cool down and potentially a continuation into

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<v Speaker 2>the end of the year of Q three Q four.

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<v Speaker 2>But you know, we don't have a crystal ball, but

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<v Speaker 2>maybe it blows off. There's a bloff top of the

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<v Speaker 2>end of Q two in June. I don't know.

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<v Speaker 1>Yeah, I mean it's impossible to predict because we can

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<v Speaker 1>have so many macroeconomic factors, tear iff policies just throwing

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<v Speaker 1>a huge cog into the wheel. Jerome Powell just decided

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<v Speaker 1>to keep interest rates the same yesterday, and that was

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<v Speaker 1>a very mild letdown. I think most people overwhelmingly expected

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<v Speaker 1>that outcome. But yeah, in terms of timing, if we

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<v Speaker 1>look ahead to the summer, there can be sentiment changes

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<v Speaker 1>that can shift things. For sure.

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<v Speaker 2>I saw that bitcoin ETF inflows were spiking like black rocks.

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<v Speaker 2>IBID has been given anything you can share there, So

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<v Speaker 2>you can see very clearly there have been tons of

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<v Speaker 2>inflow days.

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<v Speaker 1>A little over three billion dollars or not, I'm sorry,

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<v Speaker 1>five billion since April sixteenth inflowed into all the ETFs.

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<v Speaker 1>That's massive, and you can see how much correlation these

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<v Speaker 1>inflows have with pushing up prices because they're largely being

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<v Speaker 1>fueled by institutionals with huge capital So like you can

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<v Speaker 1>see even right, you know, a month before Trump was elected,

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<v Speaker 1>massive inflows. This one had one point three five billion

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<v Speaker 1>dollars the day after Trump was elected. Here and we've

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<v Speaker 1>just had a collective you know, day after day, half

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<v Speaker 1>a something like half a million, I'm sorry, half a

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<v Speaker 1>billion dollars per day since April sixteenth, roughly if you

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<v Speaker 1>take the averages. So that's been a huge contributor. There

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<v Speaker 1>was a bit of a drop right before Jerome Powell

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<v Speaker 1>made his decision in the FOMC yesterday because people were fearful.

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<v Speaker 1>But now they're are going to do business as usual

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<v Speaker 1>and push money back into it, and that helped push

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<v Speaker 1>a bitcoin up higher to where we are now. So

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<v Speaker 1>I'm yeah, I didn't mean.

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<v Speaker 2>To get job. I was just looking at November and

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<v Speaker 2>that huge spike and how that correlated with the price

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<v Speaker 2>running up.

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<v Speaker 1>Yeah, I mean it was massive. These are more elongated

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<v Speaker 1>data points, but here this is daily. But the point

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<v Speaker 1>is you can just see how much the inflows had

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<v Speaker 1>an effect as people got excited about, you know, the

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<v Speaker 1>pro crypto presidential candidate being likely voted in and then

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<v Speaker 1>officially being voted in right after. And it really didn't

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<v Speaker 1>stop until we got a few inflows in late November here.

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<v Speaker 1>So it's pretty impressive. How you know, if there's an

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<v Speaker 1>inflow day, prices generally go up. If there's an outflow,

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<v Speaker 1>dad prices generally go down. It's kind of a good

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<v Speaker 1>reflection of whales are doing on chain, just in a

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<v Speaker 1>more detailed way through ETFs, because ETFs give much more

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<v Speaker 1>transparent data and give us an idea of how these

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<v Speaker 1>institutionals are choosing to put in money versus pull out

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<v Speaker 1>money on any given day, so it's like there's a

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<v Speaker 1>big spotlight on them.

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<v Speaker 2>Very interesting. This is why I love looking at the data,

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<v Speaker 2>because you have these different data points and you can

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<v Speaker 2>really use it to form a thesis and get a

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<v Speaker 2>clear picture of what's happening in the market. Very very interesting.

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<v Speaker 2>Let's talk all coins and maybe we can start with Etheroreum.

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<v Speaker 2>Etherum crack in two k today, start starting to show

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<v Speaker 2>some life, and then you had the Petra update that

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<v Speaker 2>took place this week as well.

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<v Speaker 1>M h. Yeah, the Petra update definitely was underwhelming because

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<v Speaker 1>of course Ethereum did not magically start to outperform the

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<v Speaker 1>markets instantly like people were hoping back in the merge

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<v Speaker 1>and steptnumber of twenty twenty two, and people's especially retails,

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<v Speaker 1>moods and emotions related to any upgrade in crypto largely

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<v Speaker 1>depends on whether there's a positive price reaction. That's just

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<v Speaker 1>the reality because most are using these coins as investment vehicles,

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<v Speaker 1>and they're not just tech enthusiasts that are excited about innovation.

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<v Speaker 1>Many say they are, but it's all dependent on price

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<v Speaker 1>for a lot of people and their sentiment. So it

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<v Speaker 1>started a little bit down. You can see when it

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<v Speaker 1>happened a couple days ago, actually had one of the

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<v Speaker 1>most negative sentiment days for Ethereum of the year. But

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<v Speaker 1>as prices started to rise after that upgrade completed, suddenly

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<v Speaker 1>you know, sentiment has become a little more lukewarm here.

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<v Speaker 1>It's not euphoric at all yet, so there's plenty of

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<v Speaker 1>room to run from what I'm seeing. The point is,

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<v Speaker 1>I meantherem's up something like eleven twelve percent today, effect

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<v Speaker 1>that rally can continue until the greed starts to reach

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<v Speaker 1>something like this or up here where there's like three

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<v Speaker 1>to one or four to one bullish versus bearish comments.

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<v Speaker 1>So it looks pretty nice in that respect.

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<v Speaker 2>Good to see some life after it's been a tough

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<v Speaker 2>bull market for eth.

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<v Speaker 1>Yeah, it really has. It's interesting. I'm looking at XRP,

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<v Speaker 1>by the way, and it's having a big U for

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<v Speaker 1>it day, even though I don't believe it's doing quite

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<v Speaker 1>as amazing as you know Ethereum. So I'm not quite

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<v Speaker 1>sure what's going on there. We didn't look at prices yet,

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<v Speaker 1>but let's see if we can quickly pull that up.

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<v Speaker 2>I know there was some news around Ripple. It could

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<v Speaker 2>be around you know, some news announcement that's driving the sentiment.

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<v Speaker 1>Yeah, I saw something related to it. Let's see if

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<v Speaker 1>it's showing up on our social trends. Actually, we go

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<v Speaker 1>to trending coins. XRP isn't even in the top ten

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<v Speaker 1>at the moment. It's all about bitcoin Ethereum. Light coin

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<v Speaker 1>had a rally a few days back, so that's been

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<v Speaker 1>in the news. But yeah, I'm not seeing anything too

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<v Speaker 1>related to XRP. If I just plot that plot the asset. Yeah,

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<v Speaker 1>the social volume isn't showing anything special. So for whatever reason,

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<v Speaker 1>there is some bullishness toward XRP do a pretty extreme

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<v Speaker 1>degree right now. So that's a bit of a warning

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<v Speaker 1>sign actually for XRP enthusiasts. Just a short term fomo spike,

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<v Speaker 1>but it could be enough to kind of halt any

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<v Speaker 1>rallies going on. Sure, another thing on ethereum. By the way,

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<v Speaker 1>I wanted to show check this out. So this is

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<v Speaker 1>the mentions of lower prices. We're obviously a little above

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<v Speaker 1>two thousand right now, but it's the mentions of lower

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<v Speaker 1>prices between one thousand to fifteen hundred versus higher prices

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<v Speaker 1>twenty five hundred to three, So a little bit below

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<v Speaker 1>versus a little bit above where we're at now. When

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<v Speaker 1>you see very low spikes like this, it tends to

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<v Speaker 1>be a bottom signal. I'll zoom out a little bit more,

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<v Speaker 1>and when you see really high spikes, it tends to

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<v Speaker 1>be a bit of a top signal. So for example,

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<v Speaker 1>even right here this at least halted some of the bleeding.

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<v Speaker 1>This was a great bottom signal. You see how these

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<v Speaker 1>blue spikes here are just jolting way above red. So

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<v Speaker 1>people are commenting on lower and then right here we're

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<v Speaker 1>suddenly seeing a little bit of greed again and people

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<v Speaker 1>speculating and daydreaming about just how high this ethereum rally

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<v Speaker 1>can go.

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<v Speaker 2>Interesting. It's so funny that we have this data and

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<v Speaker 2>you could narrow it down to the price calls below

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<v Speaker 2>or above.

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<v Speaker 1>That's really cool. It's fun Yeah, we do it for

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<v Speaker 1>Bitcoin a lot too, and it kind of looks pretty

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<v Speaker 1>similar right now. It's just you know, people calling for

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<v Speaker 1>two one hundred and fifty K. Anytime we go on

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<v Speaker 1>like a five percent bitcoin rally, and anytime that really spikes,

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<v Speaker 1>you tend to see a top because the fomo is

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<v Speaker 1>just getting a little too intense.

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<v Speaker 2>What about Solana? Anything that anything interesting happening there.

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<v Speaker 1>In terms of Solana? If I change up the price,

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<v Speaker 1>the social volume is pretty down. So we saw a

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<v Speaker 1>big spike make this a little bigger. We saw a

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<v Speaker 1>big spike here between April fifteenth and twentieth, and this

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<v Speaker 1>was a pretty huge rally. You can see when it's

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<v Speaker 1>going way down or way up, that's when people want

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<v Speaker 1>to talk about it. But it's been kind of unassuming

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<v Speaker 1>and in the middle. Even though it's rallying today. Everything

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<v Speaker 1>is rallying today, so it's kind of under the radar still.

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<v Speaker 1>But social dominance is actually way down. It's being talked

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<v Speaker 1>about at some of the lowest levels we've seen since

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<v Speaker 1>early April, if not the entire year, So it's it's

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<v Speaker 1>not getting as much hype as you would think. I'm

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<v Speaker 1>seeing that on Telegram read it especially X, very little discussion.

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<v Speaker 1>I wouldn't be surprised if this was a bit of

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<v Speaker 1>bot activity, because X has been having a lot of

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<v Speaker 1>trouble controlling the amount of you know bots that just

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<v Speaker 1>spam and chill various coins. You can see the outage

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<v Speaker 1>here for a week on four Chan, but they've resumed. Interesting. Yeah,

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<v Speaker 1>little minor spike on Parcaster, but yeah, it's just been

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<v Speaker 1>pretty silent and not a lot of discussion related to

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<v Speaker 1>Solana lately. M M. Yeah. It's funny.

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<v Speaker 2>And you know there's like rotational liquidity that happens in

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<v Speaker 2>the market, right some al quinns start leading and then

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<v Speaker 2>you have your laggards catch up and like every dog

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<v Speaker 2>has his day, so to speak, like Eth right now,

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<v Speaker 2>maybe stealing a show. Then all of a sudden you'll

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<v Speaker 2>see Eth cool down. Then Solon will pop off and write,

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<v Speaker 2>you know, so on and so forth.

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<v Speaker 1>They take turns. That's the name of the game if

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<v Speaker 1>you can be ahead of the cycle and understand where

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<v Speaker 1>the profit redistributions are going, especially between like the top caps, Bitcoin,

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<v Speaker 1>ethereum Xrps, Solana, chain Link, a lot of these, even

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<v Speaker 1>binance Coin, a lot of these assets. They're just taking turns,

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<v Speaker 1>going on little mini pumps. And you know, the higher

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<v Speaker 1>up on these pump and dump group chains, you are

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<v Speaker 1>the more in the know, you'll be on which one

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<v Speaker 1>is gonna jump up next, So you know, today it's

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<v Speaker 1>been Ethereum, tomorrow it could be Solana, and sentiment can

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<v Speaker 1>can really help you shortcut your way to understanding. Yeah. Absolutely,

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<v Speaker 1>And I pulled up meme coins here too, Tony, just

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<v Speaker 1>to see what's going on. And obviously many of these

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<v Speaker 1>are related to Solana. They've been on a huge tair.

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<v Speaker 1>Obviously many many, many of them are on a big

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<v Speaker 1>run as we speak. Mod Coin, especially purple Pepe is

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<v Speaker 1>the first I've even heard of it, but there's always

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<v Speaker 1>different variations.

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<v Speaker 2>Oh my god, the stuff they come up with. Man,

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<v Speaker 2>I was hoping these meme coins we wouldn't see except

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<v Speaker 2>for maybe Doche, we wouldn't see much from you know,

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<v Speaker 2>somebody Salona based mean coins. But I guess it's a

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<v Speaker 2>sign of euphoria returning.

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<v Speaker 1>A bit right. Yeah, it's it's party time right now

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<v Speaker 1>for a lot of traders, because they take their one

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<v Speaker 1>oh one k bitcoin value and they say, wow, look

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<v Speaker 1>at all these meme coins I can now buy that

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<v Speaker 1>are pumping way more than bitcoin. I'm going to jump

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<v Speaker 1>in on that. And generally if that gets too intense,

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<v Speaker 1>we see a bit of a collapse in the markets. So,

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<v Speaker 1>you know, even though prices are pumping right now, we

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<v Speaker 1>don't want it to get out of hand because that's

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<v Speaker 1>usually the last stage of a bullish cycle. Just like

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<v Speaker 1>we saw in mid January, right before Trump was inaugurated,

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<v Speaker 1>we saw similar signs where meme coins were going nuts.

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<v Speaker 2>I hope they don't steal the liquidity there to show

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<v Speaker 2>like we saw, you know, in the last bullish rally,

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<v Speaker 2>and hopefully some of these you know, major l ones

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<v Speaker 2>like eight and Salona, XRP and so forth can really

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<v Speaker 2>be the ones that are leading the market and not

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<v Speaker 2>so much the meme coins.

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<v Speaker 1>Yeah, totally agree, I'm checking. I would assume that most

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<v Speaker 1>of the volume is going into bitcoin right now. But

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<v Speaker 1>this is a fun way to look at the top

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<v Speaker 1>six market caps of meme coins in pink, Top six

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<v Speaker 1>AI and Big Data in yellow, Top six Layer ones,

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<v Speaker 1>which obviously is led by Bitcoin in green, and top

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<v Speaker 1>six Layer twos in purple. I'll just take layer twos

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<v Speaker 1>off to make it simpler, and we'll just look at

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<v Speaker 1>layer ones versus meme coins for a minute. If we

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<v Speaker 1>look at the last couple weeks or so, Yeah, we

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<v Speaker 1>saw some crazy volume here for layer ones, which were

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<v Speaker 1>likely related to bitcoin on the seventh, and that was

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<v Speaker 1>right before we took off. Yeah right here, this was

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<v Speaker 1>like the blast authentication. But look at me. Meme coins.

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<v Speaker 1>Now they're at their highest point in a couple of

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<v Speaker 1>weeks by a large margin. Their volume just blasted off

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<v Speaker 1>in the last day and a half. So a little

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<v Speaker 1>bit of a worry because you talked about how it

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<v Speaker 1>might be stealing some of the spotlight, and that's kind

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<v Speaker 1>of exactly what's happening. At least we can say, you know,

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<v Speaker 1>layer ones are also going up a little, just not

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<v Speaker 1>to the extreme of mean coins.

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<v Speaker 2>Ah, Brian, I don't like to see this, even though

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<v Speaker 2>I you know, I believe in the free market. I

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<v Speaker 2>don't want I don't want to ban meme coins.

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<v Speaker 1>I do.

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<v Speaker 2>They need to be regulated a bit, right, but I

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<v Speaker 2>hate that.

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<v Speaker 1>I mean, it's it's a double edged sword. These meme

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<v Speaker 1>coins bring in more people for the fun and the

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<v Speaker 1>gamble aspect of their existence, and they can eventually get into,

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<v Speaker 1>you know, projects that are actually innovating and developing. True,

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<v Speaker 1>but crypto just has so many weird entry points for people.

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<v Speaker 1>Some come in for NFTs, for meme coins for the tech,

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<v Speaker 1>even though I think those are the minority. But whatever

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<v Speaker 1>the case is, you know, that's the whole point of crypto.

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<v Speaker 1>It's a decentralized area, it's anti establishment and lets people

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<v Speaker 1>invest however they wish to invest. And this is just

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<v Speaker 1>kind of a reflection of traders' emotions. Really.

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<v Speaker 2>Yeah, meme coins feel like last cycles NFTs, right, that

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<v Speaker 2>was the big thing that brought in people across the board,

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<v Speaker 2>I mean, thirteen year olds and whoever, right, and kept

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<v Speaker 2>getting in and it it feels like meme coins are

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<v Speaker 2>doing the same thing to cycle.

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<v Speaker 1>Absolutely. And we had a DeFi and staking period in

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<v Speaker 1>the early twenty twenties, kind of when covid was hitting.

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<v Speaker 1>Before that, I remember dose coin back in like t

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<v Speaker 1>seventeen and eighteen really starting to make a name for itself.

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<v Speaker 1>So we kind of are seeing history repeat itself now.

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<v Speaker 1>Anytime we get on a bull cycle like this, it's

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<v Speaker 1>like the jokes and the fun elements of crypto really

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<v Speaker 1>start to break out until something stops the fun from happening.

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<v Speaker 2>Yeah, Brian, great stuff man. And you know we last

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<v Speaker 2>time we said, look hopefully next time we meet. You know,

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<v Speaker 2>big one is coming out of a hole and we're there.

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<v Speaker 2>But maybe the next time we meet, bigcoin is approaching

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<v Speaker 2>a new all time high. I don't know, one d

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<v Speaker 2>your fifteen hundred and twenty k.

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<v Speaker 1>Yeah, it could very well happen. We just have to see,

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<v Speaker 1>you know, let's see if there's a little bit of

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<v Speaker 1>stagnant period. I'm actually kind of hoping that happens, because

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<v Speaker 1>that would lead a lot of the retail traders to

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<v Speaker 1>profit take and just be happy with one hundred k.

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<v Speaker 1>And if they start to sell their coins to these

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<v Speaker 1>big whales, the whales will be the ones that will

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<v Speaker 1>pump us up to uh you know that that COVID

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<v Speaker 1>one ten k and above.

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<v Speaker 2>Oh, absolutely good stuff, man, Thank you so much, Brian,

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<v Speaker 2>Thanks Tony, Talk soon.

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<v Speaker 1>H