Speaker 1: You know, a lot of this inflow is happening on
the bitcoin side of things, because you're seeing that's where
the ETFs are, that's where a lot of the headwindes are.
And actually the all coin markets have been relatively unimpacted.
But typically what ends up happening is there's a divergence
over the months after you know, the bitcoin concentration is over,
and I think that where we'll see that, especially next year.
Speaker 2: But it does is a rising tides.
Speaker 1: You know, as bitcoin goes up, a lot of the
people that have been in crypto for years, and a
lot of these Web three projects, they now have more capital.
Speaker 2: There's a lot more liquidity in the market.
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Speaker 4: Ever, and welcome you are listening to and watching the
Financial Survival Network.
Speaker 2: I'm your host, Carrie Letz. Then Devas is with us.
Speaker 4: He is CEO of Mobile and we're talking crypto, and Dan,
what can you say about crypto this year? It's been
by far the best performer out there, better than the
stock market, better than gold and silver by a bit,
not as much as in prior years. Right now, it
looks like we hit resistance at one hundred k. You know,
for many securities, I look at psychological resistance, which is
big numbers, and then you look at technical resistance, which
is what the chart says. For bitcoin, there's only psychology here.
How long is it going to be till we hit
one hundred k.
Speaker 1: I think that even though we're saying o tracement today,
it's still very likely that one hundred k is possible
at the end of this year. I think that, you know,
if you look at the last month, you know, we're
up like forty forty five percent, so it's very reasonable
to have some sort of retracement. But if you look
at just you know, there's so many tailwinds heading in
this direction from the bitcoin reserve that the administration is
hinting at, from the ETF and flows, and you know,
the corporate treasuries and then are now voting non potentially
buying bitcoin. Microsoft, you know, being one of them, and
so I think, you know, it's it's very likely and
generally you see a good crypto market in November and December,
you know historically, and what this is without the external
factors that we're talking about here, So you know, long term,
I think that you know, it's it's without question, and
I think that's why you're seeing guys like micro Strategy
being able to take in uh, you know, he's been
able to buy you know, seven billion dollars or you know,
or I think you bought five point five billion dollars
in bitcoin yesterday and in three weeks like you've seen
that stock shoot up significantly because of all the interests
on his offerings. So it's you know, I without question
believe that one hunter k is very possible. But there
is a psychological component to it because a lot of
the people that are selling bitcoin right now, if you
look at the outflows, there are actually a lot of
long term holders and not necessarily the institutions like the
ets that those are actually remained pretty stable and they're
absorbing a lot of that supply from the market.
Speaker 4: All right, so what about other cryptos ethereum, We're going
to see you move there because it's definitely lagged Bitcoin. Yeah,
it's actually really interesting.
Speaker 1: So I personally my own portfolio bought more Etheroreum over
the last week because you know, it's interesting. If you
look at the ratio, it's the it was the absolute
lowest it had ever been. When Bitcoin was a whatever,
it was ninety nine thousand, you know, a few days ago,
and eth was at like three thirty one hundred.
Speaker 2: It is the lowest race shot I've ever seen it.
Speaker 1: And you know, I remember the days, you know, maybe
two years ago when we're at like sixty five Bitcoin,
this before ets before you know, constitutional and eth was
at like four thousand. I think that just from a
standpoint of there's a lot of narrative on these new
coins right now, but Ethereum is still powering the vast
majority of crypto. Whether you look at us D T, USDCU,
you look at a lot of the stable coins that
are coming out, Ethereum is powering all that and so
and it's all it's the only other ETF product out
there that's you know, uh, it's a second right, and
so I think that we're going to see a lot
more growth, and not especially as if you actually if
you look at the price chart today, it's really interesting
to see that bitcoin did, uh, you know, fall a
certain percentage but remained relatively stable if you look at
it as.
Speaker 4: It's five percent according to my chart here, but I
don't trust any of the charts. But but it hasn't
hit its record yet again record Yeah, it's like I.
Speaker 1: Mean, it's record high as you know, low four thousands,
I believe, and I think that we will definitely see that,
especially as you know, a lot of this inflow is
happening on the bitcoin side of things because you're you're
seeing that's where the ETFs are, that's where a lot
of the headwinds are. And actually the all coin markets
have been relatively unimpacted. But typically what ends up happening
is there's a divergence over the months after you know,
the bitcoin concentration is over. And I think that where
we'll see that, especially next year.
Speaker 2: But it does. It is a rising tides.
Speaker 1: You know, as bitcoin goes up, a lot of people
that have been in crypto for years, and a lot
of these Web three projects, they now have more capital,
there's a lot more liquidity in the market, and so
those older holders not necessarily the institutional holders will diverge
into these new all coins, which creates a new opportunity
for a lot of new projects in the space, especially
in the United States where now we may have a
bit more regulatory clarity with like Gary Gensler resigning and
some of the appointments that Trump has indicated, And that's
going to make a really massive difference in the Web
three sector. And I think it's like going to see
its golden years. I think we're in the ninety nine
of Web three right now.
Speaker 4: Yeah, So the antipathy of the government towards cryptos, I
wouldn't say all of them, I'd say towards the leading
cryptos is no longer there. I think there's going to
be antipathy to these marginal ones that are really nothing
more than scams, which is, you know, hundreds of them
out there. I think you'll see a bifurcation, embracing of
the five or ten leading cryptos and room for others
to enter with certain ground rules that weren't in effect.
That's a plus and a minus. But you do need
a referee in this thing because a lot of people
have been screwed out of a lot of money in
these cryptos. Here basic question for those of you out there,
I mean you and I know how to buy this stuff.
What do you think is the best way to buy
ethereum and to buy bitcoin? Is it through an ETF
or should I be looking at the other vehicles?
Speaker 1: Oh? Look, I think if you're an institutional investor or
sight institutionalized or retail investor, but you know you are
used to trading on fidelity or a brokerage, you still
have all the protections.
Speaker 2: You know, at the end of the day.
Speaker 1: By punning Intatcheff, obviously they're taking very small margin, but
you know, uh, I would say that it really depends
on your personal preference. I think the benefit of holding
crypto in a wallet is that you know, you have
this whole decentralization aspect and so your money is nowhere.
But if you lose the keys to that, you know,
you know you were you don't, you can't get that
crypto anymore. And so, you know, I think that that's
probably the best way to get exposure while still having
the downside protection because it it's no different than the
security portfolio that you currently have. And just to your
previous point, I do think it's a very important, uh
component that you know, we do have regulation in the industry.
You know, we've been self regulating, been in this web
through space for years, and you know, it's it's been
without clarity in the United States. With that clarity in
the United States, it will make the United States a
leader in crypto. And you know, having financials, having those
protections for consumers is imperative because yes, there are a
lot of scams in crypto, and it's it's an industry
that has a ton of growth, and with any growth,
there's always going to be like that actors, you know,
so it's very important to stay on the forefront of that.
And I think that that's what we're heading towards here
in uh yeah, well, you know, some people are like
they want to hold their gold. Other people will buy
it in ETFs. I'm personally a proponent of holding it,
but then you got storage problems.
Speaker 2: I've got point four bitcoin.
Speaker 4: Kicking around out there from when it was you know,
six hundred dollars, so it was a whopping two hundred
and forty dollars, and I'm thinking I will go for
narco hypnosis where they give you drugs and probe your
mind to figure out what the heck, my key was
because I updated my phone the key you would memorize.
It didn't work after that, and I've never been able
to figure it out. I mean, if anybody out there
has a way of doing this, man, you could clean up,
because twenty five percent of the bitcoin out there is
lost right.
Speaker 1: Literally there, and I mean which benefits on the supply aspect.
But yeah, there are there are some certain stories out
there where there are are certain hard drives that have
literally one hundred million dollars in there, and people have
like one guest left, you know, and they have like
the mas sophisticated hackers in the world trying to hack
into this crypto, like white hat hackers, right, so that
they can get the crypto out. So I would agree
with you that would be a great business. Maybe quantum
computing AI will solve that for us, you know, but
then that could break the entire crypto market down.
Speaker 4: As well, so they are AI, you know, forget about
quantum the AI really well, we'll see. I guess it's
it's a conundrum here the as the the hard drive
in a landfill and you offered it's got like two
hundred and fifty million of crypto on it's probably half
a billion now and they just dig up the landfill
to find it.
Speaker 1: Yeah, I mean, if it could be worth less again
to ROI, you know, we started a little like hedge
fond hedge one to just go through it and bop
the elect fill, you know, and do it. But yeah,
I think like there's just going to the starger point
of kind of where we are going with crypto. I mean,
if you look at gold market, we're an eighteen point
five trillion or something of that nature, and bitcoin today
is like, you know, about ten percent of that, right,
it's like one point eight trillion, you know. And so
is it reasonable to say with you know, millennials gen
z who are very digital in nature, you know, and
we don't go and buy gold in that nature and
now digital.
Speaker 2: Gold is bitcoin.
Speaker 1: And I think that it's very reasonable to say that
this asset class will easily five to ten x over
the course of the next two years, especially if you
look at the performance of the gold ETF versus the
Bitcoin ETF. It's the highest performing ETF that's ever came out,
and I think that that's goes to show the growth
potential here in this sector.
Speaker 2: Overall, couldn't agree more.
Speaker 4: And yeah, So as far as uh looking to the
future here, do you think that the ets the institutional
interest now they're going to have options trading, Does that
make it easier to manipulate the crypto market?
Speaker 1: I mean, I'll get it depends on the size of
the coin, right, But I mean, like if you look
at even Salor, right, I mean, it's hard to say
it's like he bought five billion dollars of bitcoin and
the lust you know, yesterday and the market went down,
you know, And so I think it's it's Is it
possible to manipulate the market, I think it's just so
we take a tremendous amount of capital. I mean, I
think that if you have if you look at the
bitcoin reserve concept where the US is proposing, hey, or
the senator which I'm forgeting her name, but from Wyoming,
it's five percent is the goal that she has to
own that bitcoin? Now, that would clearly I wouldn't say
that's a manipulation, but that would have a massive price
impact in bitcoin, right if the US suddenly owned five
percent of the goal, because they also would spur an
entire buy movement from all these other countries that don't
want to get left behind, and that would be just
a very parable a thing where we may see then
a million dollars a bitcoin over the course of the
next you know, twelve to twenty four months to pennylmen
that's executed. So I do think it's very hard to
manipulate markets in the scale of coin, but that's essentially
the general idea of smaller markets much more possible. And
those all coins that are seven billion dollars.
Speaker 4: Yeah, well, interesting times ahead, Dan. We want to find
out more about you. Connect with you on the web,
et cetera.
Speaker 2: How do we do that?
Speaker 1: Yeah, on Twitter, Nevas, Underscore AI and then you check
out our website at modemobile dot com. We're building a
lot of stuff and Web three and also Web two,
you know, helping consumers get into earning rewards and earning
crypto without having.
Speaker 4: Put a bunch of money down to do it all right, excellent, Hey,
links in the show notes to this interview on Financial
Survival Network dot com. When you're there, please sign up
for your free newsletter. Appreciate you coming by, Dan, We
will talk to you again and happy bitcoining.
Speaker 2: Thank you, Kerry having a great one thanks.
Speaker 3: For listening to carry Lets's Financial Survival Network, your solution
to today's trying times. For the latest, go to find
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,