Buy Ethereum Now! | ETH ETFs Are Coming

Buy Ethereum Now! | ETH ETFs Are Coming

the ethereum ETFs are set to start trading one week from today on July 23rd according to Eric balunis the SEC is finally in line the S ones will be approved by this week and we should see these things trading does that mean it’s time to buy ethereum nobody knows but we have some ideas we’re going to talk about that and a lot more with one of my favorite guests today Dan Roberts and of course the boys from Arch public on the back end let’s [Music] go what is up everybody I’m Scott mker also known as The Wolf of all streets before we get started please subscribe to the channel and hit that like button you’ve already done it I tell you every day tell you every day actually be honest you’re probably indiff and you’re sick of hearing it so you don’t do it that’s probably what’s actually happening so screw you guys anyways I’ve got Dan Roberts here today and we’re gonna talk about ethereum how are you Dan I’m great Scott GM what’s up GM GM I actually posted a GM tweet this morning for the first time in a long time I was feeling I was feeling inspired wow eth eth is back that’s why is it I guess we will talk about that now we’ve got the endless endless guesses about what’s likely to happen when these things get approved City Bank four 5.4 billion of net inflows in first six months that would be about a third by the way of what we’ve seen with Bitcoin right 15 billion and a lot of people we’ve we’ve talked about it endlessly here but you know based on products in foreign countries the market share of ethereum versus Bitcoin we kind of get this like 20 to 30% guess of what the E ethereum ETFs might do versus Bitcoin my guess there’ll be a little less because we haven’t had the educational curve and people are just kind of confused and it happened on a fire sale but I still think these will be popular products yeah look I I think it’s it’s fascinating to see what happens because you’re right there’s the educational curve not just about how spot ETFs work in this case but I think Bitcoin versus eth for the general public like let’s remember who are these products aimed at these are a way for Boomers to get exposure to crypto without having to buy crypto and so you know if we back up a there’s a a huge irony to me in the crypto World excitement over ETFs now obviously if it pumps the price grade and that’s what people want to see But the irony is like if you go all the way back and I’ve been covering this stuff since 2011 this wasn’t supposed to be the point in other words you know people said this is going to be outside mainstream markets outside government control it’s about a separate rails system you know get out of the uh the unfair and unjust and Dusty old creaky Financial rails and yet now here we are we’re celebrating because there’s a mainstream market way to buy exposure to bitcoin and eth like it’s a stock and so on bro it’s whatever pumps our bags is decentralized future we know that I literally like just listening to you talk about it I wrote a newsletter this morning Bitcoin doesn’t need Heroes and it’s literally listen it was like cool that there’s some politicians who are like on board but at the end of the day like that wasn’t the point it’s exactly what you’re saying but not only was that not the point but these these situations with the government they come and go and bitcoin’s inevitable with or without it sure it helps like I’m not dismissing that uh having Tailwinds instead of headwinds is a good thing but you make a great Point like ETFs are for investors not for believers but we need them it’s so true about you know politicians come and go I mean look at the Gary gendler era it’s been mostly ruinous but people are excited about the Trump Vance ticket people in crypto because they think maybe that means you know the end of gendler is SEC SEC chair and you know my my thought to that is like okay let’s say it’s someone else who knows if that person will automatically be more of a for gendler gendler was our boy people forget that we were like at MIT man the guy gets it he’s so Pro crypto right right Elizabeth Warren dug her little rubby little nails into him woman it’s man the political stuff is also fascinating you know I I took a peek at your show yesterday I know you guys talked about the Trump stuff off the top and you know we don’t we don’t have to spend time talking about the this you know gruesome news from Saturday and it was obviously insane and we’re like living through history all that said we the crypto people have moved on to wow this is the most Pro crypto ticket Trump and Vance and look at what they’ve done and Vance you know is sponsoring a bill that supposedly is going to be even better for crypto than than fit 21 you know that’s all great but again just as you say politicians come and go um you know presidencies administrations come and go and what I always say again having been covering the substance 2011 how many times have we all heard from people in our Lives who are still skeptical and that’s fine how many times have we heard well you know couldn’t this stuff all go to zero tomorrow and and couldn’t the whole thing collapse and you just kind of sigh it’s like we’re still answering this and so they’re still GNA say that in other words people who want to insist that crypto is either not interesting to them or a fraud or a scam or it’s stupid or it’s unnecessary they’re still going to say that for another 10 years but bitcoin’s been around for you know 15 years whatever it’s been and it’s going to continue to exist you’re right separate from Pro or anti- politicians I I yeah the the irony of the ETFs is thick but I do think it’s a net positive in an environment where a lot of people can’t access spot Bitcoin so there is the there is that element of I want to put Bitcoin in my retirement account and I can’t so I buy it that way and I do think a lot of people did it for that reasion but the those people are now in right so it’s the the future of institutional investment we’re going to see I mean Larry fin came out again with some massively favorable com comments in the past few days did you see that I did I mean this is you know what a SE change from even just like five or six years ago where you know Jamie Diamond had to eat crow from saying that Bitcoin was like tulip bulbs I mean every everyone notable and influentials changing their tune again I keep going back to this but I wouldn’t have thought when I first started covering this stuff that the DJ and leaders and biggest voices in the room in crypto would be celebrating what Larry thinkink and Fidelity and PayPal say but again I get it you know it’s positive for the overall space Rising tide lifts all boats but you know people who actually are in crypto if they’re going to use this news if they’re going to you know buy the rumor and start buying up right now well it’s not going to be those aren’t the people investing in the ETFs I mean those people can just load up on actual Bitcoin Le I always used to say if you want exposure to bitcoin how about buy Bitcoin but it’s like you said it’s not for those people these products are for people who in a million years they’re not going to go to coinbase even the most centralized easy to use option they have and create an account go through the showing their driver Li it’s just too many things you know they don’t know how to do that you can’t do that in your IRA anyways I do want to I just wasn’t even planning to talk about it but I have think’s comments right here it’s pretty astounding if you want to talk about irony because first of all Larry Fink was dismissive of Bitcoin he’s admit that strong opinions loosely held as we like to say I mean this is the guy who is behind ESG which bitcoiners hated more than probably anything in the entire world right the the the funny thing is that like the anti-mining Bitcoin bad for the environment narrative that was championed by Larry Fink policies right so it’s kind of a wholesale reversal but he did say this I mean he said it’s a legitimate Financial instrument that allows you to have uncorrelated returns it’s an instrument you invest in where you’re when you are more frightened it is an instrument you invest in when countries are debasing their currency through excess deficits Bitcoin is an opportunity to invest in something outside your country’s control to give you more financial control I believe there’s a role for Bitcoin in portfolios I believe it’ll be one of the asset classes we all looked at it is digital gold I mean one of us ringing yeah ringing endorsement now let’s focus on one thing there saying it’s digital gold and it has a place in your portfolio you know we’ve gotten to a point where that’s not very controversial and other words that’s like table Stakes saying there’s a place for it in your portfolio I mean I’ve been saying for years it’s possible for certain you know old Wall Street types to just say I believe that it’s worth allocating one or two% of your portfolio to this without that equating to Rah this is the future Bitcoin is going to be the global Reserve currency it’s going to replace the dollar they’re just saying it’s legitimate and it has a place one to two perc that’s it so in some ways you know it’s not like you know you say one of us maybe I’m saying one of us in the C currency debasement and kind of the reasons the the funny thing is that people forget raas also don’t recommend gold like it’s a 6040 portfolio not a 60391 portfolio so it’s really getting them off stocks and bonds that’s the problem like digital gold doesn’t even resonate what you just said when I talk to the bitwise guys and everyone who’s out on the road show that’s the pitch it’s the dude look at what happens if you add 2% your portfolio has gone up every year for the last two years even if Bitcoin goes down because you have an idiosyncratic asset amazing right and that’s going to be the pitch for ethereum it’s not going to be the decentralized internet the pitch for ethereum to ra is going to be like oh now do 1% ethereum and look what it does for your returns your sharp ratio is great so wait let’s talk about this because this is an ongoing Fascination for me and this is why I think we won’t quite see I mean I’m not a financial analyst and you know Tina this is not a financial advice um I don’t personally think we’ll see quite the same numbers flowing into the eth ETFs as we did for BTC if if anything maybe we’ll see more people going to the BTC I think we have actually seen that in the last week in anticipation of both will go up Rising tide and the reason is you know if you do even a little bit of reading and a little bit of self-educating you start to learn that okay there’s Bitcoin that’s over here that’s the the Alpha and the Omega as the former um you know there was someone years ago at one of our Yahoo finance conferences who framed it that way I always think about that um you know you’ve got Bitcoin over here it’s digital gold the sort of thesis for that has already been made you can not buy into it fine but that’s the case over here there’s eth and yes it has also gone up and in fact it’s done better I think in the last week or two because of this news than Bitcoin has by percentage but for the most part the eth people the eth crowd say it’s not about digital gold eth is going to create this whole world of decentralized apps daps and consumer cases and I’m here to tell you guys it’s all been interesting but it’s all theoretical and for the most part we haven’t really seen many or any real legitimate consumer apps running on ethereum and for the most part I think what we’ve seen is it’s just digital gold yeah okay right it doesn’t count as na but I I’ve long made the argument that stable coins are the killer app yeah now we do have we do have poly market now we do have poly market now which I guess is on polygon so it’s a layer two but we’re being intellectually honest poly Market is just a predictive markets app that happen to be able to use crypto to bet on it would be the same it would be effectively the same platform if you paypaled your money in and I’d like to see it become widely used for something other than predicting the election for now everyone in crypto says poly Market oh my God it’s so big it’s been big for one specific use case you know after the election what are people going to use it for I haven’t really seen much activity on using it to predict Sports things and and other areas I mean I believe poly Mark is interesting I think it’s probably you know the the most interesting of those prediction Market options but for the most part I mean I’m talking too about you know we were going to see crypto powered publishing crypto social o web three social media remember friend Tech buy my keys and if I own your keys we can talk to each other in a chat room it’s all just just just DM me dude just DM me it just goes back to it’s a financial asset for now that’s what crypto is and that’s okay okay so so are there any of these things that are bubbling right now that you think do become killer apps so like obviously we talk about Larry Fink buidl bid build whatever however we pronounce these things in crypto 500 million okay drop in the bucket you know but but but it is AC crewing assets there’s over well over a billion dollars in tokenized treasuries okay but you can buy treasuries but like is rwa do we start to like am I gonna you know sell you my house through an nft or something well it’s funny you you didn’t mention you slipped nfts in at the end there the nft stuff uh really kind of I I don’t know we got to stop using the acronym and then maybe it’ll take hold again because the very ter is so toxic and it’s become a punchline now rwas that’s worth discussing like you know tokenized real estate okay but um you know there are some folks mostly Crypt VC’s I feel like who have really pushed like rwas RW and for the most part there would have to be a sea change in general you know people who even have a crypto wallet people who understand the value prop I just you know if you ask a person who’s not already like a mega Crypton native D gen would they use that method would they invest in something when it’s just you know when it’s a tokenized form it just I think seems like too weird to most people they can’t get there yet they can’t cross that bridge conceptually so again it’s still early days now I do kind of tease when people say we’re still early we’re so we’re not that early anymore but it is in general early days for all this other stuff you know like you’re not early more if you’re just buying Bitcoin and E now but it’s still early for things like tokenized assets RW Stables you know a separate kind of rail system It’s Gonna Take Years okay so RW I I agree that these are the hype terms for things that will happen in five to 10 years just like you know D summer still not there nfds on Satur Night Live still not there right a cycle later but do any of those things really get there this cycle I mean I’ve seen some legitimate AAA level games coming out now that have at least a crypto element yes so maybe gaming is ready for some level of mainstream adoption although people are only going to do it if the game’s cool they’re not they shouldn’t care about the crypto sign yes 100% and in fact I think that was the mistake you know having been editor-in-chief of decrypt for two and a half years when we would try and do kind of gaming coverage I mean every day we had pitches coming in oh our game our game and it’s like all you’d have to do is lift the hood a little bit to discover there wasn’t much of a game yet but we’re gonna build it out or we’ve got a metaverse landscape a metaverse realm but what can you do in there well for now you can walk around and chat with other people and it’s powered by blockchain so I’m with you that you know the the crypto games that will work are the ones where it’s a cool game so here here’s what I keep thinking of if you remember at the beginning of the pandemic Animal Crossing and I think it was the sequel it was like Animal Crossing too blew up big time and people were basically living inside Animal Crossing now that wasn’t a crypto game per se but it was a metaverse realm arguably I’m always surprised when people don’t mention it as an example in which you lived a whole world now if we want to go you and I are a little older if we go back decades halflife right or no Second Life Second Life yeah that was that was a metaverse even the Sims arguably was a metaverse game and there were ingame uh items whether it’s an outfit a helmet your bike skins what ever I know fortnite is one people use I I’m I’m you know too old to have played that and too young to have a kid who’s old enough that I’ve played it so I don’t know fortnite but point being it’ll be things like that I think now again let’s not call them nfts let’s just call them in-game items digital items I think totally those will take off and there are a few examples but I don’t think it’s going to be like blockchain powered metaverse Realms I know people say de centraland the sandbox you know people ions of dollars to live next to Snoop and oh my God I mean that was a moment captured you’re right we had a great headline on that that was like one of the biggest clickers we’ve ever had and I think it was Kate Irwin who was our gaming reporter she has since gone to PC Mac she wrote the story and the headline was like man pays 350k to live next to Snoop in the sandbox oh my God cheap deal I wonder I mean I don’t know but I wonder what that 350k is worth currently 450 okay okay do you think that that plot is worth more than $450 is it worth more than $50 I’m just saying like is there a market for it I don’t even know I haven’t looked I’m not as much as I would love to say I’m just being sarcastic I literally have no idea because I haven’t heard someone even okay so nfts I still hear people talk about board apes and talk about punks and there’s some value it happens I don’t hear anybody talking about land in the metaverse and it’s been years right right 100% I mean even Bor Apes like and and you know I’m not I shouldn’t run my mouth I’m not up to speed on the current value I know they haven’t like plummeted precipitously and they’re still worth something but any of those celebrities I mean didn’t Justin Bieber pay like a million for his I think two maybe a million but some of them paid two but there was like that that was another talk about a moment in time there was like some agency I can’t remember the name that effectively was facilitating the difficult purchase of a board a for celebrities yeah and make move and they were like paying like 50 times Market to do it like great business could have got that for probably like 200k y the smart businesses were the ones that jumped on that excuse me that jumped on that stuff immediately and didn’t okay good they jumped on that and it didn’t take them long to set up the other ones were like we’re building out an nft power d d and it’s like man you better get to Market you better get to market right now because it was just so obvious that this Mania would not last more than than a year I mean 2021 was crazy I mean if you were still you know running decrypt how would you be covering all of this political Insanity in the United States you know you just have to do at least five minutes of Politics on every show now because it really is driving things good question um and you know I can’t talk much about it but I am I am actually returning to Media soon we haven’t announced yet but I’m I’m taking a new job in media after doing a year inside a crypt VC fund um so a couple thoughts there and wait you didn’t last more than a year to crypto I did one year yeah it was educational it was interesting it was educational we’ll leave it there um but you know I’ll go back to when I was back at Yahoo finance um you know and my main things were crypto and sports business and a mega story that just it was like off the charts traffic the interest was insane was Trump and the NFL and the Kaepernick protest Trump tweeting about it Trump saying I don’t like this don’t disrespect the flag I mean it was the story that kept on giving and so the only reason I bring that up is like man if I were at a at a crypto news site right now my philosophy would be like hit it and hit it and hit it again every single incremental update is worth a story and I think some places know that other places sometimes you see a philosophy of like well we wrote about that last week it’s like man write it again you know uh one of my old saws as a newsroom leader is like don’t assume anyone saw your story on it last time if there’s an update even if it’s just oh JD Vance said another interesting thing about crypto today on squawkbox write it up because the appetite is huge and insatiable and not only that it’s not even it’s a real story it’s not even an example of clickbait like it’s not like when everyone was covering Elon and Dogecoin every damn day and boy did that you know bring in the traffic yeah and that was that was nothing this actually means something this actually means something and again I will say my big cave out to all that is I’m still not even convinced that Trump if he gets reelected will necessarily be the huge friend of crypto that everyone thinks because he wasn’t in his first term as president I mean let’s remember for his first three years as president the only Trump had ever said about Bitcoin was a tweet that scaramucci said um uh the financial Steve minuchin actually wrote and the Tweet was I am not a fan of Bitcoin and other digital currencies because I like the dollar and I believe in a strong dollar now he is pivoted because he sees the political Capital value in saying go crypto and I do think no joke that people have that one guy to think who got into the nft event by holding the Trump nft and said what are you going to do about gend and Biden and Warren who have been anti- crypto and Trump saw OPP listen the second he saw how like the crowd reacted he’s obviously a de uh you know a Deft marketer and he understands uh the the sort of zeitgeist of humanity and does an exceptionally good job grabbing on to things that said like JD Vance owns up to $250,000 of Bitcoin for years at least he had to give that in his public Ohio we know V is close to him we know now that David Bailey from the Bitcoin conference is in Trump’s year we know Ryan cus I mean yep it may have started I have no idea dude I don’t believe any politician anything they say no no offense to the people in the comments who love them like I I whatever let’s see when they take this is how I am like do what you know I’ll I want to wait and see it happen so I’m going to just have my doubts for any politician until I see policy like I don’t believe in the Biden thaw because he vetoed Sab 121 yep right so like show show me the money well and it was a follow instead of lead in other words Trump went you know raah ra crypto and the crypto people celebrated and said we’re going to literally we’re one issue voters and we’re going to vote based on crypto and the Biden stuff was just a follow on that do I believe that if Biden gets reelected suddenly he’ll be a you know Pro Bitcoin and and ease up regulations no yeah neither do I but I do think there’s an off chance that we would at least see got gendler gone because he’s become so unpalatable for the Democrats and that could be a net positive they re you know they’re bringing Carolyn crch up but I mean you know they’re not doing anything honestly this is the election I’m going to tell you this is the election I’ve been saying here a lot but that matters right Dipple Ripple Dipple Ripple Dipple donates 1 million to unseat war and winkl Vos twins donate to Pro uh trump super pack you guys might know not know but James Murphy metal law man who’s on this show all the time has a super pack set up for John Deon to beat Elizabeth Warren and ripple Labs donated a million so man that’s huge because the first reporting was that Deon had raised 1.4 million but one million of it was his own so a million uh for him against Warren should open a lot of people’s eyes because he getting rid of Elizabeth Warren who actually is a functioning thinking human person who’s actually anti- crypto could affect White House policy more than even who’s in the white house so this is really interesting I’m I’m literally looking through my likes which are now private to try to find the tweet but the other day Politico wrote a story and it was like about you know crypto affecting politics and that people in DC are concerned about this and someone else retweeted it and it was so um so on point someone said Okay so we’ve gone from you know dismiss it as a fraud and a scam to oh it could impact elections and it’s too powerful it’s like uh so the people you know outside crypto still aren’t quite sure what narrative they want to settle on for making it a boogeyman is it that it’s bad for the environment what happened to that well by the way it turns out AI is also really bad and uses a lot of electricity and it turns out Bitcoin miners are all just going to become AI data centers anyway right right so what do you say about that and then it was you know it’s um it’s influencing innocent people to lose their shirts you know they invested in um Genesis and uh whatever the other one that was it went down that they that was too good to Bex Voyer your now it’s oh we’re going to have tarnished politicians because crypto money is getting in and putting people in office so it you know it’s it’s in a way it’s progress It’s like the wheel wheel of fud yeah in pass you just spin it and you wait and see which one it lands on then Elizabeth Warren gives a speech it’s all interesting though I mean it’s it’s sort of like I know it gets so played out and I used to roll my eyes at this but there’s people love to tweet that thing first they dismiss you first they ignore you then they actively dismiss you and insult you and then they try to stop you and it’s like yeah I mean they’re not they you then you win yes that’s what it is feels like we’re winning and a year ago it didn’t felt like they were just fighting us a lot well and yet okay so you asked me about if you know if I was still running a crypto newssite I’ll do one more sort of you know dorky journalist media comment and that is that even though you so you say it feels like we’re winning you know okay look at the price look at the momentum the markets the ETF okay but I would actually say that in terms of just narratives outside of crypto space you know the media narratives I I haven’t seen that much change in other words like big Legacy news sites just don’t think crypto is worth their time and they don’t think it’s interesting and I feel like they all hope it’ll just go away and it’s like annoying to people that it hasn’t I basically describes me my entire life with any social group I was ever in so it’s perfect see why you know gripped on to bitcoin so much because it’s so familiar that’s just that annoying guy he just won’t go away but he’s in the group I don’t know I don’t know why Dan any final thoughts before I let you go and when you making this announcement the big big new uh uh very soon like next week so give me a week check back um I will always be interested in what happens with crypto I think it’s fascinating um you know that’s that’s why I first started writing about it in 2011 I was just like this is one of the most interesting things happening in finance and Tech I still feel that’s the case I guess my my parting thought would be like I’ve always said and even though people don’t want to hear about it because usually it’s negative or or maybe it seems dry regulation and the government and its effect on crypto and its relation to crypto has always been and continues to be the most interesting factor in the most important story and look at the fact that here we are talking about what you know the current presidential candidates think about crypto it it hasn’t gone away like let’s see what happens with regulation but let’s really make sure that we leave people the thought that you and I said right off the bat which is whatever happens it’s not going to last forever if it’s a pro crypto president for four years okay let’s see what happens after those four years if it’s another anti crypto will weather it you get the policy you want then they get rid of the policy then they change policy then it comes back and that’s what is there’s one comment I need to read to you because it’s so good uh Before I Let You Go I logged out of second life for like two years one time and literally all the land around me got turned into a mall and my house was stuck in the middle of like a courtyard and the land developers were losing their they could not contact me love that I love that well there’s no guarantee that your neighbor is actually going to live in their house or ever show up again in the mete what happens when Snoop moves out you go from being worth $45 to $4.5 logged into that thing in four years three years but his Sun’s still around in the industry pretty heavily so you know I guess we’ll see Dan man thank you so much and for dealing with my little technical issues at the beginning that you guys missed appreciate it man great have a good one see you soon all right now you know it’s time for one beard uh we’re going one beard today Andrew one of our three uh one of our three regular beards just before we get into it we got uh Bitcoin dips below 63k as malox moves 2.8 billion Bitcoin to internal wallet seems that they’ve moved a bunch of coins over to Kraken now uh and they’re gonna we’re going to start seeing these dispersements so I was that the reason for the great uh bare Market of this morning uh the great bare Market of 6:15 a.m. um yeah it’s funny uh yesterday you have Larry thinkink on all the business channels saying that Bitcoin is a legitimate Financial instrument that’s game set and match oh by the way what if that guy that bought that stupid piece of metaland for 400 Grand had just put that money into Bitcoin back then how’d he be how would he be feeling today yeah but he can’t live in his Bitcoin he can’t live is Bitcoin that’s true that’s true you make a good point there um the the headwinds you know I listened to your previous guest and and he he’s he’s got a long story history in media and a great guy um I disagree with the reality you know the the reality that oh you know out there in media they just want crypto to go away again you and I both know there’s a difference between crypto and Bitcoin there always have has been there always will be Bitcoin is a brand much like Kleenex um Bitcoin is well known will continue to be well known and will continue to be accepted on a higher and higher and higher and higher level and uh yeah um there’s really there’s not a bad time to buy the dip there never has been um and when you have so you have a dip from 72 down to 55 and what happens right after the Fourth of July holiday and somebody finished with their mon talk uh vacation he ends up on the news channels he ends up on the financial news channels talking about his bag right Larry Fink saying Bitcoin is here to stay you guys may have questioned it I questioned it back in 2017 just like Trump did apparently he was questioning it till 2022 2022 according toi yeah yeah and so you know uh shifted created product around it and when that guy creates product around something it’s not just a I’m goofing off here it’s a long-term play where not only that product will turn into another turn into another turn into another turn into another there will be derivatives there’ll be options there’ll be lots of ways to get your hands on uh Bitcoin as an asset um and so um I’m hearing a couple of things there’s there are changes to the political landscape we know that that’s very obvious to everybody something everybody’s talking about um that’s G to have Ripple effects that’s gonna have Ripple effects down to wealth management organizations did you just say by Ripple no I did not say bu Ripple by any stretch of the imagination um I’ve never bought Ripple and never will buy Ripple I don’t my brain my my my brain wants to be a DJ and say what Ripple rhymes with but I’m not going to do that here on this this particular call the password is nipple so um but from a political standpoint that has Ripple effects down the line down the financial line and I think I think we’re going to see some uh some headlines with Wells Fargo and Morgan Stanley um here either end of the month or early August there’s going to be some adjustments to their internal policy um you you can’t have um meaningful adjustments in the narrative um and have um political movements that are very very well-funded right so the the pro crypto pack is extremely well-funded um and so you can’t have those movements and then ignore them uh to the tune of not giving High net worth individuals access to bitcoin TS that’s not a tenable position so there’ll be adjustments I put a tweet out that was somewhat nebulous about five minutes ago you know Wells Fargo and Morgan Stanley are are are moving up their timeline so um that also tracks with uh Larry Fink spending time again on the shows yesterday and talking about the virtues of uh of Bitcoin and then of course ethereum ETFs looking like they’re coming online next week or the week after um you know breathlessly waiting for those to uh to to make an appearance I’ve said all along it would take longer for those to happen than than uh than they it probably should um and that’s the case because you know gendler is gritting its teeth and and allowing it to happen so um yeah interesting stuff going on um in the world of uh that that we uh spend time in no question so yeah speaking of uh Bitcoin have an amazing tweet from you guys at archu here that’s worth discussing archu is a Bitcoin company undeniably to that end we’ll be announcing a Bitcoin algorithm at the Bitcoin Conference next week guys if you’re coming to the Bitcoin conference you can hang out with Andrew and I like at the same time in person a product that is unlike anything currently available in the market access speed versatility accelerate Bitcoin so first first I want just give people an update you always ask the $10,000 portfolio we’ve been trading is up 27% it’s currently sitting at $12,700 amazing you guys have a new NASDAQ product that’s taking ret trades yes that’s correct our all winners no losses undefeated undefeated right now that’s right we released that product about three weeks ago um it’s taken three actually Four trades and it’s in one right now um that have all been positive uh some have been positive to theune of plus 3% a couple one and a half% yesterday just a sidge under 1% and again I come back back to this concept right our products are focused on liquidity and risk mitigation and then performance comes from that patience and so if you think about it whenever our our algorithms don’t take trades the positive outcome there is you’re not losing money right you’re not losing money when they when they don’t take bad setups so when they do take setups more often than not you’re making money um so you know we continue to add products to our sh the idea is and we we’ believed this for four years there is no Silver Bullet when it comes to an algorithm that makes you money has never existed will never exist and that’s why institutions use all different kinds of algorithms for all different reasons we want to do the same we want to stock our shelves like a grocery store and give you lots of of of uh opportunity to choose to that end our Bitcoin algorithm we’re going to launch initially and and we’re going to have several levels to this the initial level is this is an algorithm that’s not going to ask you to deposit a certain amount of capital into your uh account right off the bat you’ll be able to use this algorithm with as little as $200 $300 $500 people in the comments are gonna love that yes and so this algorithm is effectively going to be a dollar cost averaging tool into a a Bitcoin ETF we had a long conversation with uh bitwise last week and so you know there’s going to be information that comes out about that and our involvement with them um the ability to buy something down to every 30 seconds every one minute every two minutes that doesn’t exist by the way at coinbase right you can dollar cost average into Bitcoin on Co coinbase once a day right you can do that you can do that on you know cash app you can’t you can’t dollar cost average every three minutes every 10 minutes into Bitcoin in a meaningful way anywhere else and here’s the other thing that the bit bitwise guys brought up to us the ability to dollar cost average on a daily basis on coinbase is expensive very it’s expensive to do that the fees associated with dollar cost averaging with our tool are pennies on the dollar compared to doing it uh at a coinbase so the value associated with what we’re bringing and going to announce at the Bitcoin conference we’re going to do a press release oh by the way we’re having a dinner with some uh VIPs and Scott being a chief among those VIPs at the Bitcoin conference on the 25th I’m a very important person yes um so you know if you want to spend time with us and meaningful time with us uh FaceTime with us have dinner with us we have 12 spots available for that dinner at cane Prime in Nashville look it up it’s the it’s good stuff I’m a cane Prime F fan um reach out to us we’d love to have you guys the real kicker is I’m bringing my wife uhuh uhuh people don’t want to meet me when we go anywhere they just they they’re like hey Scott You’re great and then they ask every time I go to a conference now they’re like is Emmy here really annoying she’s really a lot more fun than you I’m like yeah you stand in the corner and you like you know like look at your phone sometimes and like she’s out there on the dance partying with us yeah she’s more interesting and she’s angrier generally right and that works for crypto right I mean that that that works for this space so uh yeah we we’ll have a great time um in Nashville um and by the way we archu our our firm may have another event or two again that will be small but um people people will enjoy Tillman lived in Nashville for almost 20 years so you know he knows all the spots the people and and and and some of the the inside scoop on where G be out of control in that town oh yeah it was already gonna be in first of all like this conference is a bit big for Nashville and a bull if we you know if if they get like bull market numbers like Miami probably could absorb it a little better yeah then you had Trump in yeah yeah so um a little bit of behind the scenes with the Bitcoin conference folks because we’ve been going to this for years and and oh by the way we’re sponsors archu is this this year we’re sponsor at the conference they’re not doing it again in Nashville they can’t they they can’t they did it this year in Nashville they wanted to get out of Miami yeah yeah they’ve already told us we we’re not this is the only time we’re doing it in Asheville next year we’re not going to announce it yet but next the venue for the next two years has already been chosen and it ain’t Nashville right so but Nashville be too big I mean next year you know that the like 20 I guess it’s every four years so the 21 was 21 the conference either 21 or 22 but was so insanely out of control it was like navigate yeah I was trying to like when it moved uh yeah it was like trying to navigate uh like a crowded terminal on Memorial Day in in JFK if you didn’t speak English I mean that we had scheduling to like go do interviews and it would take us like we were you know back to back like on the half hour it was like oh that’s 15 minutes away walking through the crowd yeah that that there were 35,000 people there in 22 in 21 there was like 14,000 yeah and it and it was in two different spots in Miami in 21 and 22 21 it was in like Wedgewood or something or I forget what it’s called but man Winwood yeah like an artsy you know an art focused space and then it moved to a real Convention Center in 22 and it had to because it was so big um my last DJ Gig that I ever publicly did before like my official retirement was at Mana Winwood in Miami with two chains for the Barcelona Manchester game something they were doing there I can’t no Bayern Munich Barcelona game I played soccer with a bunch of Bayern Munich dudes it was awesome and and then I djed and that was it and then the first thing I ever like really did Big in crypto or like really big is was the conference at man and women I was like wow my life really just tied up and I’m back here for a crypto conference after like my last DJ G was here yeah Miami is a great spot to do it it’s just you know July in Miami not optimal right no yeah people forget the conference used to be a little bit earlier but it’s GNA be hot and to be fair July in Nashville not optimal pretty brutal but it’s GNA all be inside it’s in the convention center so it’ll be fine yeah I want to be like yeah a conversation worth having just about Arch public like we we have had a few people that are like wow it’s like really expensive it’s for higher net worth individuals that is the case right and I’m going to tell you guys like my audience tends to be more like uh we’re we’re we’re kind of the older established I’m not saying that that you’re not everyone’s welcome you know but I think a lot of channels have like 21y old kids flipping meme coins and I think we here to a degree have a lot of adults with portfolios we’re looking to add to it whatever this product has largely been for those people it’s expensive but it pays for itself very quickly and you need to have some Capital to do it you can’t run it with a thousand bucks but now being conscious of that we’ve discuss the fact that you’re adding things yeah we’re we’re yeah we’re adding things we we now have five different tiers that people can engage with our $99 tier you know effectively you have to have 10 grand to um you know to to to be able to engage with that product um but our our Bitcoin we are cognizant that that’s a lot of money guys yeah we are we no no question and that but but we have we have constructed our Bitcoin product so that you don’t have to have a certain amount of capital now you’re still going to have to purchase the product right there’s going to be a price for the the Bitcoin DCA product because it’s going to be first and Best in Class you’re not going to be able to do with our product on any other platform it’s it’s it’s a remark it’s going to be a remarkable tool but at the same time you don’t have to have 10 grand to be able to to run that product so entry level product a Bitcoin product we’ve got another product that’s our Atlas product that’s that’s underneath our coner program then we have three levels of our coner program that that people enjoy and you know so you know some of the benefits of the concierge program we have quarterly events our last event was in Aspen Colorado this event will be at the Bitcoin conference with some guy named Scott mker and a couple other things so um you know lot of benefits to to being involved with with our ecosystem yeah that’s awesome so guys it’s in the description but the uic.com I know so many of you uh have checked it out haven’t found anyone who’s unhappy yet besides we we’ve had quite a few people who said I wish I could like get it you know and and we are totally cognant of that like I said and and aware of it you’ll be there soon it’s a bull market don’t worry um and uh but uh you know you should check it out at the public.com like really listen man you know I try to be very conscious of the things I even mention on this show at this point it’s very hard and you know you you never this is one where I have zero doubt that uh it’s beneficial for everyone it’s I haven’t seen anything bad so I you know I I think uh I’m enjoying using it I’m making a ton of money like you can’t really uh well think think about it this way in terms of our Bitcoin product that we’re about to release our Bitcoin product is not necessarily going to be associated with the performance of the algo the algo is going to buy you Bitcoin in intervals that you want to buy it in down to very very small increments so that algo is going to be focused on the performance of Bitcoin oh by the way the performance of Bitcoin no matter when you’ve bought it over the last 10 years you’ve done exceptionally well right so so that product we think is going to be the kind of thing where you know we’re going to remove the the the idea of you know great product and use it no nobody said anything bad about it those disclaimers are going to go away like this is going to be a unique tool that’s going to be focused on the performance of Bitcoin itself so you guys are gonna since you’re a sponsor we’re gonna have a booth we’ll be hanging out there too for the people who can’t come to dinner maybe in advance we’ll schedule like a time that I can make sure that I’m there and absolutely give us a high five stuff in the comments I never ask you guys for like feedback in the comments are any of you going to Nashville are we like screaming at a wall here who in the uh comments over there is is going to be in Nashville and wants to come meet us so you and tman will be there the entire time yep yep absolutely absolutely that’s awesome I’m a fan I’m a fan of Nashville for other reasons I’m a single gentleman so you know uh fill in the blanks there Nashville is a decent place to hang out if I’m no longer bringing Emmy to dinner like to have a decent time on Fridays and Saturdays nville is a great place to be by way are yeah if you are coming to Nashville by the way please for the love of God stay away from Broadway Broadway it’s not it it it’s it they’re going to tell you it’s a cool place to hang that’s like the Sixth Street that’s like the Austin Sixth Street equivalent right basically like shitty Marty gr yeah yeah don’t do it just don’t do it there there are to go yeah that just you know H hit me up DM me I I’ll tell you where to go and the places to be there there’s a lot they’re a lot better spots to be than BR on X’s apore Abacus you’re still sort of lowkey Shadow band dude anytime I try to tag you I have to type in your whole name and you don’t come up in the search how do you deal with that what’s the deal with that I don’t I’ve been for a while it’s very weird like I cannot search you yeah I don’t know maybe Larry Fink doesn’t want me to talk trying to tag you all the time and I’m like let me remember it’s like having to remember a phone number in the 80s it’s like you’re right it probably it it it probably was a assciated with Larry Kink versus Larry thinkink I mean that’s probably yeah Seth will be there we’re gonna see Seth sweet Seth awesome all right man well guys again thepublic tocom cannot recommend it enough they have the funniest signin by the way for the newsletter navigating the markets get the Guide I prefer being mediocre yeah that’s a free giveaway that we do for folks it’s a 90 page uh um sort of um dossier associated with trading and emotions and the right way to do things of course focused on the fact that you don’t know what you’re doing if you’re doing it by yourself use our products so yeah yeah so um read the 90 Pages or be Med Yer it is what it is I don’t make the rules I make the rules and also uh if I learned one thing from today’s show it was that you should probably apparently you need to buy Ripple no no no God no don’t kman gets back on here in a couple weeks he oh my God I’m going to tell him to buy Ripple he’ll no no no he he’s owned some Ripple he’s owned some Ripple points yeah he owned it at the wrong time let that is Ripple some guys got that I did see that we have some people that got the uh Cable Guy reference which was good yeah like all right that’s all we got for you today we have to go on with our lives next week uh I’ll see you next week but we’ll be here but then uh when I’ll be in Nashville Wednesday so you got it all right man see you there man thank you guys for listening always a pleasure check out the uic.com later let [Music]

Dan Roberts, the veteran crypto journalist joins me to discuss the latest in crypto! Ethereum ETFs, massive Mt. Gox Bitcoin dispatch, Trump trade, etc. My friends from The Arch Public, Andrew Parish, and Tillman Holloway, are joining in the second part of the stream to provide an update on the $10K algorithmic portfolio.

Unleash algorithmic trading with The Arch Public: https://thearchpublic.com/

Dan Roberts: https://x.com/readDanwrite
Andrew Parish: https://twitter.com/AP_Abacus
Tillman Holloway: https://twitter.com/texasol61

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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell,” or “Hold” an investment.