Why Do Bitcoin Holders Remain So Bullish?

Why Do Bitcoin Holders Remain So Bullish?

Bitcoin may be chopping sideways and it may have gotten rejected yet again at $70,000 but Bitcoin holders remain exceptionally bullish on onchain data shows over 50% of Bitcoin Supply remains completely inactive obviously a sign of strong long-term conviction in Bitcoin what does this mean for the cycle does it mean that we all just need to be patient and wait for price to neverita go up once again like it does every having cycle we’re going to dig into a lot more than that because I’ve got one of my favorite guests today Sydney Powell from Maple Finance we’re going to talk about all this of course 9:30 a.m I’ve got the boys from Arch public with a huge update on what the uh $110,000 portfolio we’ve been trading is doing you guys don’t want to miss this one let’s go let’s [Music] 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 before I bring on Sid I want to get point something out to you guys you may have seen this at consensus defi Pioneer launches new web 3 media platform round table at consensus conference yeah that’s Al Herzog who was the founder of Bor literally created liquidity pools and amm but uh what you may not have read about there’s another uh press release there is that as a part of that James Heckman who’s a media Mogul in the United States partnered with a all to build this platform but the first core users and Equity holders are myself Mario nul the altcoin daily guys uh George from I am George we are all George of course crypto are us Bitcoin magazine um and so there’s a million reasons that we’re doing this but one of them is to kill the Bots and have an uncensorable Community where we can actually discuss things you guys may have noticed if you look at YouTube comments and you dig into YouTube comments it’s literally a million Bots there’s no way that as a Creator I could engage with Community there so we’re going to start doing a little beta test you guys will see down in the description there’s a link uh that says where you can go and comment and engage so after the show uh it says comment and engage with me and there’s a link to a post I did about this if you guys want to actually talk about the show or what happened here that’s a place I will actually commit to go and respond and try to engage with your comments where I can actually see them so be a cool test there we’ll see how that goes a lot more to it but that’s the start I’ll remind you guys more about that at the end but we’ve got Sid good morning how are you I miss you at consensus somehow this time hey Scott I’m good I’m good I know we we didn’t manage to catch each other but uh we’ll have to do it do it at the next conference usually we get at least one walk by you know but like I said I was busy kind of with this roundout table thing and I didn’t uh really get the opportunity I mean first just take a look as we do on this show at the market I mean everything’s flat right we know that Meme coins have gone crazy to some degree and there’s these little things but Bitcoin it tried at 70 yesterday right back at 69 I mean is it your opinion right now that this is just the normal cycle people seem to be freaking out that we’re sideways when the expectation should have been that we’re side at this point of the cycle yeah I I think of this as a normal part of the cycle so um doesn’t surprise me that we’ve been sideways it would surprise me if we don’t see another leg up before the end of the year though I think we’re you know I I’m positioning for that to occur and in The Lending markets you know what what that means for for folks like us is that you expect to see rates increase on lending against Bitcoin as we did in kind of February March this year yeah that that that makes perfect sense I mean the the title here obviously before we dig into a little more into that Bitcoin se’s profit taking around 70k amid stubbornly bullish sentiment as I said at the beginning I mean nothing’s happening Supply is inactive it’s low on exchanges right we are still seeing pretty massive inflows I mean $ 105 million dollar a day yesterday into the ETF even though price isn’t moving massively there’s a lot of bullish sentiment still behind the scenes and it kind of refuses to drop at the same time as it refuses to rise right I mean you would think that people would get bored they’d start selling but we’re still just hanging out here just under 70,000 yeah yeah I mean whenever we whenever I speak to Folks at the uh big asset managers running the ETFs they’re always commenting on the strength of inflows and um you unfortunately uh with Mark you know with markets the way they are we’ll see a leg up and then everyone will say how obvious it was in hindsight but uh nobody’s uh everybody’s treating is unexpected in the uh the moment yeah absolutely so listen let’s talk about what you guys are doing because we’re back baby to 15% yields even higher yields you guys obviously launch syrup here we can dig into how that actually works how that yield is created are we back to where yields not a four-letter word and people aren’t panicking when they see 15% yields because last cycle obviously that was the uh harbinger of D so to speak people are still understandably skeptical of yields um but what I’d say is we’re we’re seeing two different kinds of yield and and one of the reasons we segregated them out is because of how risk conscious people are so at the moment rates on BTC on lending against BTC are probably around 11% so that’s nothing that’s nothing crazy uh but you can get above 15% if you’re lending against an altcoin like say salana and then staking um staking the collateral to get an extra yield from there that that’s how we produce the yield in the high yield pool um but even that it’s not super complicated it’s certainly not as complicated as half of the stuff that was going on last cycle so I would say generally we’re seeing leverage Leverage is still relatively low to where we were last cycle so I don’t think there’s any cause for people to be panicking just yet relatively low to where it was at the top of last cycle or it was at this point in last cycle you know are we talking 2020 or we talking at 2021 where things were going absolutely wild we’re we’re talking 20 we’re talking 2021 and early 2022 so top top of the cycle I’d say we’re still you know Leverage is probably maybe 10 to 20% of of what it was then um so and and most of the lending being done today is still over collateralized you’re not seeing a ton of under collateralized stuff and there’s a lot of factors driving that one General General risk appetite is still not where it was but also there just isn’t the ton of capital that there was flooding in on the VC side towards lenders and I think you know if if you have hundreds of millions of dollars burning a hole in your in your bottom line because you’re paying out uh posit interest on it it it really creates an incentive if you’re a lending business to put that to work and and that was just one of the mechanics that we saw last cycle so I think uh I think things things still have a long way to go before we we’re at you know call it even sixth or seventh Innings yeah but what you know one of the big arguments uh through this cycle was why would I use defi if I can get 5% on a bond on a t on a t- or a treasury but we’re back to being able to beat that right so is that are we beating that in a safe manner how where’s that EXA I mean you kind of described where it’s coming from but yeah or is it just that now it’s risky but we’re offering much clearer disclosures and people understand the risks better the it’s still riskier than holding T bills um but of course the risk the risk in holding T bills is that you don’t beat inflation um which uh which has been a persistent problem over the last few years we’re no longer in a zero rate zero inflation environment that we were up until covid um and so in in the zero rate environment you were getting rates of you know 789 so that was effectively a spread of seven or eight seven seven to nine points what you’re seeing now is that t-o rates are about five and you can get about 11 on Landing against Bitcoins that’s still a spread of about 6% so we are still beating it quite handily and then if you look at the higher yield stuff like lending against salana you can of course get you know um T bills plus 12 13 14% so that that is quite a lot uh quite a bit more appealing um and generally what you’re seeing is that corporate treasuries are liking the kind of the 11 12% rates on BTC back stuff because it’s quite conservative um whereas highet worths are always kind of early adopters and they’re seeking more of the the higher risk higher yield stuff and you said but you guys are still primarily over collateralized here all over collateralized yeah yeah so these are um 60 60 to 75% LTV loans that means generally you’ve got about $140 worth of bitcoin for every $100 of lending you’re putting out the door and then we set triggers so you have a margin call trigger when it gets to 80% LTV you have another margin uh you have a liquidation threshold when it gets to 8590 and that just means you’re just closing out the position you’re not asking the borrower for any more margin at that point and um what we found is that that segment of the market was so destroyed after last cycle that there is a massive under Supply there and so you can you can enter that market lend quite profit collect a you know 200 to 250 Point um net interest margin and um and we we haven’t seen prices compressed too much there because there there’s just nobody supplying that space meanwhile we seein can theoretically go participate as a lender and they get matched with uh someone who wants to borrow and a smart contract effectively does the Margin Call and liquidates them you get your collateral back so your collateral as a lender is theoretically never at risk unless there’s some unknown you know smart contract risk or something well actually actually it’s a hybrid so we do the loans through smart contracts but we hold the collateral in custodian so it’s kind of like a a CII hybrid and that’s because most of our borrowers can’t touch smart contracts when it comes to putting their collateral away they’ll have gc’s and compliance officers who won’t let them put the collateral in smart contracts for both concerns around um automated you know a hack or or an automated liquidation and so we have Margin Call triggers that are automated but then that will then that will kick off a workflow where we contact the borrower contact the custodian but yes theoretically you shouldn’t you shouldn’t lose any money if you’re a lender and you’re you’re mostly putting in us usdc so we’re open to other stable coins but that’s been the main thing that people have been wanting to borrow and wanting to lend Bitcoin unfortunately still has a relatively low yield although we’ve been able to get about seven to 8% of late yeah okay that that makes uh absolutely perfect sense and explains how it’s being done and who’s doing it so uh CI was terrifying obviously because you didn’t know what people were doing with your money and you didn’t know how also it was sitting in one balance shape yeah you didn’t know whether it was over collateralized under collateralized the under collateralized stuff was mixed with the over collateralized stuff there maybe some loans against Venture in those books so it was very it was very opaque and that that I have to say this is one of the core things we still strive to do which is use the onchain loans for transparency and verifiability which I think is one of the things that sets it apart yeah I mean you guys have seen some impress impressive metrics I guess it gives us a hint as to the appetite right you’ve gone from 130 million I believe to around 200 million tvl in 2024 and it should be noted I think that you have a maximum 30-day liquidity and this is only for credited investors so that’s also a differentiator this isn’t a random cab driver somewhere who put his money onto Celsius thinking that it was his bank account this is an accredited investor choosing from multiple yield strategies who understands in theory the risks and there’s clearly a massive appetite for that since you’re up huge this year on TVM yes so so far uh the growth’s been good this year so increase grew it by about 130 mil sitting at about 200 mil so up um up you know 400% since this time last year um and it is in the US it’s certainly only accredited investors that we’re offering this to part of what we’ve wanted to do is um is broaden access um in the defi space allow more defi Integrations and that that is partly why we we’ve released the new product that we announced last week which is of course syrup yeah so talk about syrup then so syrup is um think of it as defy access to the same quality yields that we have on on regular Maple pools um so these are all secured over collateral loans as they are in the rest of maple to institutional borrowers however it’s accessible to a broader set of Def users so anyone I have to say it it is offshore from the US but anyone then in Def can unfortunately as long as we still have the same regulatory regime you’re not going to see a ton of ton of new def5 products accessible in the US um but uh so seamless defy access so You’ be able to you’ll be able to get your deposit to a pool through the Sy front end get your LP token you can use that in amm you can use it as collateral or if you’re a def protocol you can easily integrate with syrupy and uh and make deposits and withdrawals from those pools but what we’ve tried to do is add liquidity and and make this more integrated with def ecosystems but still kind of leveraging all of the uh product infrastructure we’ve built so the borrower legal documents the uh collateral management the network of borrowers who use the platform around the world so hopefully uh hopefully hopefully this will uh we’ll see some growth come out of this um but it does represent an effort to kind of Unblock that lack of access to defy that that most of offshore retailers had yeah and another obviously main driver I think for your business or at least what you want to do in the future is tokenizing assets right so uh which this is all a part of but uh we’ve talked at length I haven’t even looked at the numbers I just tried to bring up the rwa site and it gave me a block you’re about to get hacked scam thing on rwa so I didn’t uh click on the link don’t do that guys in here but where do we stand right now with tokenized treasuries I think it was about a billion dollars last time we spoke yeah it’s grown a bit I think the um we saw uh so there there there’s two tales in the numbers one from November to about March it was kind of it peaked dropped a bit and then and then Rose to its previous Peak from November um that was with the products that were already out so like like for like we’re kind of seeing same numbers but the new products that came in this year so the two big ones being superstate um which is Robert Lesner uh new startup and bidd which is the Black Rock um the Black Rock tokenized money market fund on ethereum uh drove most of the new numbers since then so um I’d say we’re probably at about a bill and a half and that product I think I I often talk about this but the reason that product saw such high numbers um or that product category was the lack of access of crypto startups to uh conventional Banking and conventional banking rails which was due to you know choke point 2.0 around the start of last year so that was crypto coming up with a solution to a really you know quite important problem um facing startups in the space yeah so what else are you guys looking to tokenize because I want to dig into a few things that are being tokenized right now that are pretty cool but on your end you’ve obviously got the treasuries obviously all the other things we’ve discussed I mean what else do you think real estate seems to be the low hanging fruit that everybody wants to tokenize but I haven’t really seen it to any great degree every Everybody Wants to tokenize real estate and I meet a ton of real estate tokenization startups I think the challenge for that market is it’s um it’s appealing to go into because it’s such a large total addressable market so it’s kind of the um it’s kind of a trap right like when you always go after the largest total addressable Market sometimes you find that it’s difficult to actually get the first products off the ground and the reason for that is real estate is very competitively priced it’s tax advantaged in traditional Finance anyway and then there’s a massive set of infrastructure around it like securitization ratings agencies that’s very entrenched and very hard to crack into what I’m really bullish on is uh is private credit and direct lending and partly what we’ve tried to do is effectively Maple’s loans are kind of tokenized versions of direct lending if you will because the loan is just natively originated on chain as a token and so I expect that you’ll see more private credit and direct lending come on chain because that is one of the fastest growing areas in traditional Finance yeah so I want to talk about some cool things that are being tokenized here one of them novag Gratz Galaxy tokenizes a 36-year-old violin to back loan you guys have seen yatu from Anoka on my show many times well he’s the buyer of this violin who took the loan there’s a 178 Stratovarius that was owned by Russian Empress Catherine the Great so apparently Novo and Galaxy tokenized it they gave yat a loan on it and right now they hold both the tokenized version the nft presumably of it and the actual violin in custody until the loan is paid off at which point I assume yatsu gets to go uh to a kerto with Empress Katherine the great I actually saw y last week in consensus and he didn’t mention this so I’m surprised he didn’t lead with in conversation it’s pretty pretty interesting tidbit but um token tokenization of Collectibles I think is very interesting we um we had looked at lending against nfts and we’ve also we also actually had some requests for Lending against like tokenized collectible cars and things in the past as well the challenge with lending against those types of assets is just um one marks a market like how do you how do you how do how does Galaxy determine if the price of the Strat of areas has dropped there’s not a there’s not an exch for these violins um so that’s that’s kind of um Margin Call I wonder if they plan to sell that on on openc if uh if uh yeah can’t meet the repayments um but I will say in uh offsetting that you have the fact it’s a 300 year old asset so I’m sure in 300 years I’d be very comfortable with the price history of crypto punks and uh and Bor Apes as collateral um so that that is one thing you point to you’ve got 300 years of price data on those things and you know that the uh uh the core team Stratovarius is uh is dead so he’s definitely not producing any of any more of those there is a hard cap on the number of Strat of varus’s whereas there’s not necessarily A Hard cap on the number of some of these other nft assets that we’ve looked at lending at but um I think I suspect it’s probably a pretty low LTV it’s probably something like two two maybe three million so I don’t think there’s much risk there for Galaxy yeah I don’t think there’s much risk and they know yet right so this I think this is a proof of concept right I think this is like a PR stunt to some degree and I don’t say that in a negative way but like let’s do this among two very trusted parties who know each other and understand everything about tokenization and this and see if we can hook some other uh fish who are looking to buy rare oneof a kind artifacts from the past right yeah yeah yeah 100% this isn’t going to be a Marketplace this is going to be like somebody’s going to go to this is a like a you know like having a private Banker who you go to for a specific loan you’re going to go to Galaxy and say I want to buy this very specific thing you look at me right this’s gonna be a public like eBay for a strat of varas it’s it’s an interesting Market because one I’m sure you can you can get really good interest rates on those loans and um it’s a good Market to get an entry point in with like ultra high net worth clients so you’ve got the latest Scion of the JP Morgan Family has an expensive art collection and and wants a loan but is probably willing to pay overs against it like I think that’s that’s where the market is and it’s it’s it’s actually a pretty large one and I think quite an attractive one so I uh I think of it I think of it as a good move for Galaxy we’ll see if they can productize it and and make it um make it into a a more scaled product though yeah I think I saw that their loan book is currently around 600 million so not a drop in the bucket but not the most meaningful part of their business but you know do a few five1 million loans here and there and it can become an actual meaning part of their business so I would imagine with very low risk I’m not sure if you saw this one as well Watford FC Watford football club I believe they’re in the second tier of the Premier League to sell 10% of Club as digital Equity including tokens to investors and fans now we saw some athletes actually in the United States in the past both with and without blockchain sell like a piece of their career uh D witty uh basketball player actually did it uh with with crypto basically selling like you know you could buy a piece of his future earnings Believing on his believing in his potential but this is actually ownership of the club legitimate ownership via token is that uh does it say who it’s being distributed through like is it just going direct to the to the fans or is it being done through a platform like securitize uh that’s a very good question we know uh investment platform repu Republic and it’s European platform Cedars yeah to uh securitizes who’s doing Biddle for uh Black Rock right for Black Rock yeah yeah and uh republics Republic’s the other one that has um has more of a heavy retail Focus I think it’s super interesting you know like most people in the space I have the um I have the the perspective that almost all future uh Equity is going to be done as tokens and uh that you’re going to have this massive um expansion of the market as even even what seem like small businesses are able to tokenize their equity and then sell it to a wider set of investors I don’t see why you wouldn’t have that being the case because it just broadens access to uh to to you know alternative Investments to um you know to the masses um it’s tremendously expensive to go public on a on a stock exchange and the on annual ongoing compliance costs are ridiculous and I think that’s that’s ultimately a loss born by Society so tokenization offers a way of mitigating that yeah I mean I think this a pretty big move for a football club right I mean 10% is not small and if it works we’re going to see other follow I mean we know about soos and Chili’s and fan tokens this this is already happening to some degree but to feel like you have real ownership like the you know people the Green Bay Packers in the United States I don’t know if you know but that’s actually owned by the fans collectively but without the without the tokenization side but this just I think makes it much more seamless removes the uh intermediaries I think you’ll see it uh you’ll probably see it happen more in maybe Emerging Markets or places that don’t have a uh an existing Capital Market because it offers a way to kind of access offshore capital markets and uh and there’s not much opportunity cost because you’re not going to go public on on the stock exchange in a lot of those countries yeah exactly so there’s one other thing I wanted you to comment on before we’re done because this story blew my mind totally unrelated it hit me uh but kind of related salana saw nearly a half million tokens launched last month 500,000 shitcoins launched on salana in 30 days that’s a lot of shitcoins are we nuts we lost our goddamn Minds is it I mean what’s happening that’s an incredible amount of [ __ ] coins I um you know whenever we have a team dinner some of the uh some of the younger guys on the team start talking about the shitcoin or the the meme coins that they’re trading so I do know a few popular ones recently Zin was was a real popular one amongst amongst our team and it even got to the point where I was out for a walk walking the dog with my uh my wife the other day and she was talking about potentially launching her own meme coin based on a Twitter account so 500,000 doesn’t surprise me it’s because kind of got to the stage where you’re in an Uber and the Uber driver is talking about launching a mem coin I thought I thought you know we were kind well this that was my top signal in March for the entire and I’ve been right about that I said listen this meme coin nonsense it’s over we’re gonna go sideways for six months like I it’s whatever not like the top was in but that top was in right now now it’s even worse right I mean we got abelia like twerking for mother doll tokens you know as you said another proud of her Australian Heritage I know um but I mean come on man this is not we saw so we we we’ve actually seen a couple of offers for borrowing against uh against meme coins where people have wanted to put up say 50 million of a mem coin to borrow like anywhere from like one to five mil yeah like yeah so like uh so like think of like an LTV of like five to 10% um but uh we we have not touched it we’ve been kind of taking a taking a wait and see approach but shows you there are some people out there sitting on absolutely monster bags of these things that they can’t do anything with so it’s kind of like captive Capital can’t borrow against it you can’t offload that amount of volume so like what do you do it’s kind of like uh it’s paper wealth that uh that you can’t really monetize yeah I mean how how much of one of these could you reasonably sell without crashing the market if you have a billion dollars worth of a some shitcoin or like you know 100 million bucks or even 5 million bucks you sell 50 Grand and you destroy the market it goes to zero and you still get liquidated on your loan when you took it at five% I mean it’s nuts because they can go to zero yeah yeah yeah and your loan’s not gonna be cheap either your loan’s gonna be like 20% oh God I hope we don’t start doing that I’m glad you guys are saying no to that because that to me would be like I I would be running for the hills I’d sell it all and move on with my life now we’ll stick to we’ll stick to violins yeah anything else I might have missed Before I Let You Go no no so um for anyone listening syrup uh syrup’s in the signup phase at the moment um 2 and a half weeks we’ll open up for deposits and then we’ll have Early Access running for four to six weeks till about the end of July so if you’re uh if you’re interested in taking a look head to syrup. so we got the uh the finished domain name for that awesome man thank you Sid always a pleasure guys follow him syrup Sid I never forget your name onwi my pleasure thanks and now you actually got syrup now syrup even makes more sense than Syrup love it all right guys thank you uh to Sid and check him out always a pleasure man later thanks guys I see a few of you guys actually over here uh you actually listened to me and you went over and started commenting on rtb I’m going to respond to these after see see that go in the link below I’m going to respond see how there’s no spam in there no uh [ __ ] going I bought Amazon A7 397 token and it made me a rich [ __ ] there’s like 7,000 of the comments in a row and then I see one of you in the actual YouTube comments like good show man like cool I’m glad I spent 47 minutes to find uh the comment where you told me that the show was good speaking of things that are good uh I think you know what I’m about to say next because it’s Tuesday and it’s 9:30 I got Andrew and tman and holy [ __ ] Arch public is crushing crushing crushing right yeah I mean we you you’ve said it you be patient it looks for the opportunity it doesn’t take that many trades but damn when it does uh things can go really really good because we’re up 21% in 45 days on the $10,000 portfolio currently sitting at $1,175 unless something else happened today and last week the algo did a 12% gain on the entire portfolio in 90 minutes yeah we’ve had a a really active may you can expect uh from a gap Trader you know three two trades a month for each one and U this month’s been a four trade month for the S&P so that was a a pretty active month but um yeah it this is working uh exactly the way we’ve seen it work which is you know you can’t say that again for years yeah know for years it’s people should know that you’ve been doing this for years just not yes that’s you you can’t win every trade right but uh the reason why I’ve lost the majority of the trades in my life the the losers that I look at and analyze like how did I get here um have been because I’ve I’ve broken my rules um I’ve gotten emotional in the trade and or I’ve gotten bored and taking trades that are are not in the scope of of what I’ve told myself is the scope that I should make trades within and so uh you know when you trade automation you don’t have any of those Temptations you don’t get the emotional swings you let the math do the work um you are persistent in your your activity because you have something that’s sitting there watching the markets for you every single day and it’s looking for those opportunities it doesn’t need to be impatient it doesn’t have any emotion it doesn’t get bored and so you take these really high uh value setups and you play them and if they um start going the wrong way the the the math will cut you off very quickly or quicker than your your wins and if it starts going the right way and starts doing what uh that the play is intended to do whether it’s long or short then the math is going to take care of itself and and it’s going to get you out at a profit Target that’s uh proportionate to your your your risk right because trading is about having proportionate risk reward ratios um you don’t want to get for example I’ve talked to a lot of traders that will say I made 500 and then I’ll ask them well how much did you risk for that 500 if the answer is 500 that’s a real bad trade you don’t want a onetoone risk reward ratio right and so there’s this there’s this um in incredibly intensive math that’s typically involved in understanding what your risk reward ratio should be because you don’t a lot of people don’t know what their entry should be so if you’re playing willy-nilly on a motion and you see the charts and you get excited and you enter well now you want to watch the charts and you don’t want to get on the calculator and try to figure out where your exit should be right size all of it stop L stop loss maybe take profit unlik even even those like I’ll find myself if I’m setting my own stop losses or or my own profit targets I’ll look at the charts and convince myself that this is a real good one and it’s going to reach a little bit higher that and and I’ll start playing again like I’m smart uh and the markets make a fool of all of us that is one thing I will con attest to and so the point is is that if if you play with automation you’re removing all of those human deficiencies from the process and so yeah you’re to to long and short of it we had four trades in May um all really kind of back toback May 21st May 22nd May 24th and May 31st and the May 31st one was uh obviously the the the showpiece of the month it was a plus 12.96% uh trade a good year yeah well you know we we have that question a lot and here here’s the point like one of the things that we did when we designed this program was try to get people to just believe that there was automation available to retail consumers like that’s that’s if you talk to a lot of people you’ll get a mixed response of well heard about automation but you know most of those are a scam I’ve I’ve never seen one or been able to play with it myself or or it’s always overseas and I I’m not going to do that it’s too risky like this is us-based trade station is an incredible uh partner that’ got incredible customer service they can manage your entire account with you as it pertains to uh your trading activity and uh withdrawals and deposits and all those things we do not manage any money we do not take trades for anyone uh this is a user-driven software so the best part about it is is that you get to play with it you can run it locally on your hard drive or you can hire an execution partner to run it for you uh that’s licensed to do that we are not that execution partner we are a software development company and we are Traders and we love math and we love looking at markets and saying how can we provide tools to the retail consumer that they’ve never seen before that that do help them remove emotion and give them more discipline and keep them watching for specific setups more aggressively and and and more um you know religiously if you will and so that’s what our aim is we’re going to continue to focus on that and I can’t tell you that next month’s going to be a winning month no one knows that but I can tell you that um this has been a consistent performer it’s been uh something if you believe in the efficiencies of the market theory and you believe that gaps are inefficiencies that that will fill then it’s not hard to get on board with what this uh strategy does so so so so for us this is this is all about math right and and you know I like to talk about the math maths and the math works and so there’s four levels of math that go into just our introductory product and let me cover those real quick and looking at that chart these are our four levels of math the first level is over a 25e period you’re talking about um The Gap closing 64% of the time so if that’s true and it is true you bet on that just one level of math so there’s our first level of math the second level of math is our Gap strategies have anywhere from a 58 to 59% profitable win percentage uh on an annualized basis so there’s your second level of math if that’s the only level of math math you H have you keep trading and you’re going to win long term the third level of math we have is we have a 2.5 a 3.1 profit factor with our gra Gap strategies that means every dollar that you bet you’re going to lose a buck if you lose you’re going to make three possibly if you win okay that’s the third level of math if you just had that one you keep playing the fourth level of math is our Martingale strategy that basically says if you lose $100 on one trade the next trade we’re going to bet 200 if you lose that 200 the next trade we’re going to bet 400 that’s the fourth level of math and that particularly is what you saw on this trade on Friday that grabbed 12.9% for our customers so there’s four levels of math in just our introductory um proof of concept product that’s why people are jumping on board like crazy and frankly people are upgrading to our coner program like crazy because they’ve verified those four levels of math they verified what we’ve talked about about liquidity where you can get your money in and out at at any point on any given day let me interrupt you on that point Andrew I had three customers talking to me yesterday about this and they were you know it’s a mixed bag right you’ve got some people that are leaving the capital that they made on last Friday’s trade in the account to take larger positions or to grow the account some people are saying hey that cash flow is very important to me right now I’m going to scrap my profits well when you’re only committing to trading in one day cycle and you know you’re going to be out in cash every single night uh you know whatever happens in life tied up yeah yeah exactly you might have 1% less money on a bad day uh later at the end of the day but nothing catastrophic is going to happen and you’re completely liquid and you can move it into Bitcoin at the end of the day Bingo exactly couldn’t said it better myself yeah as I said the four levels are are the key there um when you have four levels of math that work in your favor um again even over short and long periods of time um you’re going to benefit and benefit in a big way and so you know we we we’ve had just a an outpouring of folks that have come from your show um to our brand um that are just you know ecstatic about what’s going on and what’s happened and you know most people about 80% of the people that that come to us from you they’re going to start with that introductory uh product to just proof concept all right if this is legit I want to make sure it’s legit I’ll put 10 grand in and take a little bit out and see if that just the liquidity stuff is is real um they check those boxes really quickly and the performance has has kicked butt so yeah people are in a great spot we love it I would ask you guys about a couple stories Tillman I want to ask you about this as a minor I’m putting you on the spot but I don’t know if you saw a core scientific signed a 12year deal with an AI firm projects 3.5 billion total revenue it’s finally happening which is that Bitcoin minors are diversifying because it’s interesting because when I had Fred teal on the show at Marathon he said we’re almost sick of people calling us minors we are data centers right he’s like we’re data centers we can we can help the grid it doesn’t have to be just mining AI is going to be huge we are already set up in advance to benefit from that industry we are data centers and poor scientific who was bankrupt a year ago right needed a massive infusion of capital because they played the top of the last bull market poorly effectively they bought a million you know bought however many machines at the top of the market at the top price before those and bitcoin price went down 80 or 90% Tail as old as time right um but uh th I mean this is happening now so miners uh this is going to be a whole new narrative for the government since we’re already seeing them say AI is going to boil the oceans and uh you know use more electricity than Venezuela but uh here we go well I I I’m gonna tell you this I’ve been talking about this for several months now as it pertains to the scarcity of assets um and the the desire to chase infinite hash capabilities like that doesn’t work over time AI will beat crypto as it pertains to the the scarcity um the AI is gonna gonna is going to serve all of humanity crypto serves a subset of humanity and uh I just cannot see a Universe where we continue to rely on three manufacturers for all of the hash rate that’s produced on the planet and if if you look at really some of these quote data centers that used to be crypto mining companies it’s a pivot of necessity it has to happen right and so you know who’s the highest paying Piper for for computing power and AI is going to be the highest let me give you a good example of that if I can take um a farm and I can go into a large manufacturer and I can run uh the scenarios that I need to run to run the efficiency models needed to give them the trajectory that they’re looking for over the next 20 years what value and what intensity and how fast do I want to go from one manufacturer that I want to use those machines I want to literally use them for as intense as short a period of time as possible capture the largest uh amount of dollars in fees off of the customer and those customers will pay it why because knowledge is power and if you’re in charge of this infinite widget industry that you’re trying to manage if you don’t have data points on every single screw and bolt and nut in your manufacturing facility you’re behind the eightball if if you’re comparing yourself to somebody who does have that data and so data if you talk about the efficiency in markets that it can provide and the AI functionality behind that it it generates more wealth than any icos we could manufacture I was you know listening to you guys before any meme coins we can pop up on we need 500,000 more by tomorrow or or we are a failed industry tomorrow we need them all tomorrow tomorrow 500,000 by tomorrow yeah I’m actually in support of of the salana migration you know use a tool for what its desired nature is and you know if you want to go to the casino go to the casino just know you’re going to the casino cir circus cuz you know go to Circus Circus it’s a different experience than the win I went yesterday to look uh casually at some real estate and maybe I should I they could be watching I don’t know they’re very nice people but I showed up and the broker on the other side who was showing it brought her son and I walked into the house and said I would like to look at this house and she said I’d like you to beat my son he’s brand new into crypto and I’d like you to give him some Financial advice I didn’t get a step in the door to even look at this place my broker was horrified um and this kid comes down and you know just like he’s asking me questions as I’m trying to like walk around I was like this house is getting worse and worse by the second um and at the end he’s like so what’s your financial advice I said I don’t give any and his mom’s like no no come on and I was like you know buy Bitcoin it’s easy just buy Bitcoin they’re like really that’s so boring I’m not kidding and she’s like nudging him she’s like what do you tell them what you like he’s like I like Brett Brett that’s a meme coin on avac or I think you know and I’m like okay that’s cool um what do you think of that and the mom’s like we’ve been in for like a week and I think we’re down like shocked the mom you know like there’s the agent fine and I was like you’re gambling I like it’s fine but you’re ask me for investment advice I’m not going to give it to you but you’re gambling like tell me why you think Brett’s gonna go up or down because my friend said so right yeah exactly well here on Bas sorry I didn’t mean to blow it meem point I’m Bas says your my uh my litmus test for people is very simple uh I got into Bitcoin not because I thought the price was going to go up I really didn’t I I wanted to understand the network I wanted to understand the mining functionality I wanted to see what the hype was you know why why people were saying this was you know permissionless and decentralized and all these buzzwords that were coming you see the type of nerd stuff that I have to deal with Scott on a daily basis this is the kind of nerd well listen I’ll you I was flattered I was flattered they were asking me questions like I’m glad I just like it’s so uncomfortable to try to give someone Financial advice or to like try to steer them in a direction that tell them to buy a computer it’s like Ted Cruz tell them to buy a minor and plug it into their garage and they’ll learn all they need to know about Market yeah yeah yeah yeah it it was it was it was a eye opener you know like I was saying like if we’re launching 500,000 tokens and I have like random college or high school kids and their mom’s ask me about meme coins it just starts to be a little bit of a signal you know I was respectful play yeah this one’s for you though Andrew yeah Wisconsin Pension Plan likely to invest much more in Bitcoin ETF Marquette professor says they’re just dipping a toe in the water to test the Public’s reaction so those who may have missed it Wisconsin pension I think it was like a hundred million dollar am I right yeah yeah yeah it was about and and according to them they’re going to do much more uh somebody that’s in charge of their plan a woman came out and gave a speech and and said they are going to do much more um in the future that’s just going to happen across the board there there’s a lot of Rumblings behind the scenes that you’re going to see not that you’re going to see but sizable Sovereign wealth funds are trying to figure out how to scale into Bitcoin and it’s not easy right now it’s not easy I think they’re gonna mine yeah they gonna mine but yeah that that would make sense that would make sense but they’re they’re trying yeah how do you how do you how do you get in at a at a reasonable price without Shifting the market in a big way to the upside if you’re trying to buy 5.5 billion dollars of of Bitcoin right it’s it’s it’s it’s very difficult to do that um but those th that stuff is happening those conversations are happening and it will happen over time um but seeing you know States uh get into Bitcoin it’s the Larry think effect again it it it has you know Tillman talks about this he talked about this on a stream last week that you know people of wealth wait for assets to be der risked before they get in and I’ll let him talk about that but but that’s what we that’s the point that we’re at with Bitcoin here and Larry Fink and black rock the cats out of the bag the richest people I’ve ever been exposed to have a very simple philosophy wealth preservation and the most effective way to do that is through diversification of assets and buying when everybody hates the asset and then holding it until everybody loves the asset and you just keep cycling it through because that’s the only way very wealthy people can get their money spread out to and and not just sitting there letting inflation eat it away and so you know if you’re talking about the next 10 years of Bitcoin maturity you’re talking about uh people trying to drisk the entry the asset’s been drisk right but now it’s like how do I get it how do I it’s liquid but it ain’t yeah you can’t just go YOLO in a hundred billion dollars of your yeah yeah I mean so I I you know it’s gonna be interesting I think it’s a step in the right direction it’s kind of like when we saw you know countries and nation states saying that they were going to do the same I think it’s a of selfish motivation and I think you know it’s a risk on asset so whoever Sor is willing to teach that Playbook sailor’s willing to teach that Playbook I mean he did it in microtransactions with minimal fees you know by being I think the taker on you know tons of transactions and slowly buying I mean he laid that out from day one he taught heon MUSC how to do it for Tesla so I there there’s a way to get a lot of money in just not doing it in one shot yeah well there’s a big difference between buying $800 million of Bitcoin and buying eight billion dollar of Bitcoin B big big difference in in that particular transaction that should be a show Scott because I’d be interested in hearing about how they did like I know I know dollar cost averaging at the core is what they did but how they execute it with automation that’d be a great question because that’s I think it was yeah I think it was automated I think I I don’t remember this was you know August of 2020 or whatever it was but he was saying you know I think it was thousands and thousands of smaller transactions that didn’t Rock The Market at all nobody nobody’s ever seen his uh moves yeah right they always joke that he buys the top on average but you know really his his moves have been exceptionally hidden and he’s managed to get into many billions of dollars worth well because they happen his moves happen and he announces them after they’ve effectively happened right so um you’re right you know whether it’s programmatic or or automated or whatever it happens to be um you know he’s executed it on a on a sort of maestro type level um so speaking of maestros um the arch republic.com um that’s what we call well that’s what I affectionately call Tillman as it relates to our strategies because he’s the brains behind him uh I kind of call him the Maestro he will at times when we have a day like Friday he’ll call me uh kind of yelling into the phone you know singing a maestro song uh which you know kudos to him you know whiskey cigar right about his those are all lies I’ve seen it in a in a in a very nice red robe that’s right we don’t need to make good radio we we’re already talking about Good Stuff guys there’s no reason to fabricate the truth there’s no robes no maestros there’s just a lot of hard work and and excitement I do call and scream in the phone but it’s uh it’s out of uh you know listen when you uh I don’t know how many iterations we’ve done of of the Gap tweaking things left and right but um it’s it’s a very rewarding uh Endeavor that’s what I can say putting your hand to something and working incredibly hard in a competitive environment that’s a zero sum game and being Victorious that’s a that’s a something you should celebrate at least tell us we could celebrate for at least one day man who plays upper echelon level of football enjoys winning ex Texas football star likes winning you Andrew well next time we come on we’ll talk about our relationship with our institutional execution broker and and what that means for our customers so for example on on on Friday um you know the the trade that was taken on behalf of our customers you know the block trade was what how many contracts was it Tillman what what was the number that was taken I probably shouldn’t talk about contract totals on on live but it was a lot of contracts we’ve got a lot of customers trading it right now and uh it’s it’s it’s a it’s uh we’re sending in institutional box um the the relationship is between uh trade station and the execution partner and that’s how they’re able to settle their fees in your trade station account uh and that’s actually so the way it works is is that trade station has institutional block order Partnerships uh those institutional block order Partners can execute on your behalf you can become a customer of theirs or you can execute the software on your hard drive yourself totally up to you it’s user-driven but if you choose to go with an execution partner you’re instead of executing inside of your account you’re you’re included in a block an Institutional block and that institutional block allows you uh better fill prices in most cases and some advantages to being in the institutional side versus the retail side but also Fund in your pocket for re yeah well it just makes sense it just makes sense that if you’re in a a block trade as an example that has 450 contracts in it and you’re the guy trying to get executed with four contracts you know which which number is the CME going to going to execute first we all know the answer that right so it it makes sense well and to be honest with you it’s a a when you’re managing a piece of automation locally if the point of this is to remove the emotion for people who can’t uh keep themselves disciplined against that emotional swing um if you’re not professional Trader and you’re sitting there and the trades are happening on your screen and you’re watching it you’re going to ride the roller coaster of emotion because you’re sitting there watching it go up and down the point of this is to not be in front of the computer and not be subject to those swings and the only way in my opinion to do that prudently is to have someone who’s very very capable uh sitting in that seat for you that is uh is is like a robot they have strict guidelines and strict um instructions to follow and it’s not based upon the emotions of the moment it’s based upon what y’all decided way before the trade took place so it’s it’s a it’s a way it’s a safeguard right for yourself yeah absolutely all right guys I think uh we did it covered it 12% trade where Tillman’s going to send photos of him in his mansion in Tuscany with a sign that says Maestro in a smoking jacket on the roof drinking a nice Pian yeah um and G I can’t drink I’m alcohol free over here Scott the gout is soain grape juice whatever you drink I don’t know an oou it’s Hans that’s what it is Hans you know if we want to make another Seinfeld reference it’s Hans have the mro all right guys that’s all we got and once again guys if you see it down in the description the Round Table R tv.io check out that I’m going to go over there and uh respond to your guys comments now before I get on spaces and Andrew Tillman you guys are we’re going to do a spaces together on Friday as well so awesome cool get ready fantastic thank you all all right guys I’ll see you soon enjoy the cigar bye [Music] that’s dop

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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.