REKT Vision: "Uptober" Heats Up as BTC ETF Inflows Surge

0:28I'm excited to show you an app I've been using for a while. will win, you can currently buy them winning for 50 cents. So you can buy 100 shares at 50 cents each. So that's$50 for 100 shares. If you are right, you will get$100 back and double your money. You can also sell early if their odds of winning go up to, say, 70%. You can sell for 70 cents each and lock in$70. If you don't want to trade, you can also look at the live odds to see who is more likely to win the race. Kulshi is the first legal exchange in the U.S. to trade on these kind of events. The election markets are now live to trade and they are the first regulated place where you can do this.

1:05I'm proud to have Kulshi as a sponsor and I hope you check them out. You can sign up using my link in the description and the first 500 traders who deposit$50 will get a free$20 credit.

1:25Hello, welcome to another episode of WreckVision. we are back again it's just myself and osf osf is sporting some questionable facial hair this week uh we'll see if that's going to last uh till the next week how's everything going over there osf yeah good busy busy week busy day um i'm glad it's friday i haven't even haven't even checked prices today that's how busy i've been that that really says something i think i'm one of those people who checks prices like every second where is bitcoin where's bitcoin right now bitcoin's bitcoin's doing well bitcoin's above 68k i think as we go live um it's been a very very good it's been a good week for crypto no doubt about it um we'll kind of get into a little bit more but it does feel as though bitcoin itself is definitely leading leading the way um and there was some thought that we'd sell off maybe because we had such a big rally earlier in the week but we've we've held on to pretty substantial gains it's it's about 10 i think 11 % higher on Bitcoin on the week.

2:24ETH is about 8 % and I think Solana is up about 6%. So a big, big move across the board. Yeah, it's impressive, isn't it? This is the highest level we've seen.

2:38Oh no. It looks like we may have lost OSF for a little bit there. I'll continue going by myself here, but it does feel as though we've had a very, very strong week for crypto. Bitcoin dominance is actually approaching kind of its cycle high we're up at about 59 now for for bitcoin dominance oh i think you're back but you we lost you there for a little bit i don't know if you're interested a little bit questionable but yeah uh we have bitcoin dominance hitting around 59 uh so going towards its cycle high i think personally bitcoin's heading that bitcoin dominance figure is heading above 60 um i don't know what you think i know we've kind of danced danced around the three different majors at different stages like which one are you feeling most confident with at the moment yeah it's still going to be bitcoin for me really i think that's what clearly has led this cycle so far it's continues to lead it's the token that will benefit the most from any aggressive trump policy with regard to bitcoin as a national reserve currency and buying more bitcoin so i think bitcoin continues to lead and yeah i love the view that dominance rises above 60 percent.

3:49This is going to be a hilarious show. That's a great still of OSF, it seems. Look, I think the main things that we've seen, at least over the last week, with respect to Bitcoin dominance, has been Trump's odds actually increasing. So Trump's odds has actually gone up to about 63 percent, it looks like, which has been pretty substantial rise from just a couple of weeks ago where it was more even. Now, it's difficult to say because some of these prediction markets can be moved by whales, but that has led to some pretty substantial inflows into the ETF. I think we've had the biggest week for Bitcoin ETF inflows since July.

4:36BlackRock's Bitcoin ETF has seen over a billion dollars of inflows already this week um and it's only thursday so massive massive week for for the etfs i think we've had the inflows of over over 20 billion now for the etf i think um maybe even higher than that so massive massive period here for the etfs and it feels like it's all gearing up towards the election i think we're probably going to be in or around all-time highs for Bitcoin at least before the election, by the looks of things. Osef, do we have you back? Yeah. What I was going to say is the only thing, the only counterpoint I have to Bitcoin leading is that if you're of the view and you subscribe to the thesis that we're actually still very early in the cycle, then we still have yet to see like the big alt season and the big rally and Bitcoin dominance dropping.

5:34So that's the only thing. I'm not sure I subscribe to that view, but I'm just saying the counterpoint to all of this is that actually the cycle has been kicked off by Bitcoin rally and we're yet to see this big old coin cycle, which is what happened in 2020 and then 2021. So that's just something worth bearing in mind, I think. Yeah. A lot of people have compared this more towards 2020 right now, where Bitcoin does okay or Bitcoin seems relatively strong, but altcoins fail to really catch up. And then you have this massive altcoin cycle, which happens at different stages of 2021. So maybe we'll see that.

6:13That being said, there's been a lot of other very, very British activity that we seem to be seeing. And it's mainly been meme coins. I was going to do a left curve corner this week, but I was like, all the left curve stuff is now the mainstream stuff. Now, meme coins are dominating all the major gains in crypto at the moment. We had the Murad thesis, and this week we've had a range of different ones related to AI. But it does feel as though a lot of the stuff that people would normally do for outsized gains in crypto are now in the forefront again. And we're going to see some pretty frothy activity, at least, from the meme coin side.

6:54ever wanted to explore the world of online trading but haven't dared try the futures market is more active now than ever and plus 500 futures is the perfect place to start plus 500 gives you access to a wide range of instruments s &p 500 nasdaq bitcoin gas and much more explore equity indices energy metals forex crypto and beyond with a simple and intuitive platform you can trade from anywhere right from your phone deposit with a minimum of a hundred dollars and experience the fast accessible futures trading you've been waiting for see a trading opportunity you'll be able to trade it in just two clicks once your account is open not sure if you're ready not a problem plus 500 gives you an unlimited risk-free demo account with charts and analytics tools for you to practice on with over 20 years of experience plus 500 is your gateway to the markets visit us.plus500.com to learn more trading and futures involves the risk of loss and it's not suitable for everyone not all applicants will qualify plus 500 it's trading with a plus i think maybe we're going to keep going here i don't know i don't think we've yet seen the i don't think we've yet seen the froth the only thing that seems to have good reliable betas to bitcoin this year so far is me coins and whether you pick like the top 10 or you deep you dive deeper down the risk curve i think that trend keeps going just because it's been so proven this cycle until the cycle was truly over that's my gut there yeah that's that's that's what mirror ever saying as well like um don't look away from what did well in the first half of the cycle it's going to continue in the second half of the cycle so my altcoin season theory is kind of that we've already seen in altcoin season it's just not in the altcoins that people would normally buy like it's in it's in meme coins that's your meme coins have become the new altcoins whereas last cycle you'd look for for 10x gains in low cap altcoins now you're looking for 10 to maybe 100x gains in in low cap meme coins and people who are just here to gamble here to speculate they found their product market fit and it it means that bitcoin dominance rises even with kind of a an altcoin season happening but only for meme coins yeah i would love to see some stats on you know we chart bitcoin dominance and we chart things like total three the total three yeah i would love i'd love to see some sort of metric which is like um the bitcoin meme coin ratio kind of thing and maybe you take the top 20 or 50 meme coins or 100 meme coins there's tons of them now obviously and chart that ratio between bitcoin to see and assess that performance i think that would be it's something i don't see people chart a lot and it's something i'd be interested to see i think well we saw solana meme coins break above 10 billion i think um last week i think I think the total market cap of meme coins, including Doge, is up to nearly 60 billion.

10:09And I think that peaked earlier this year at just over 60 billion. So we're getting back towards cycle highs for meme coins. The main mover, to be honest, has been things like Doge and SHIB, which have had an okay week again. I think Doge is up about 25%. So that means we're able to challenge some of those higher figures that we saw earlier in the year. But really, this has been about like mid-cap meme coins, which everyone's been throwing their money at. I think it's frustrating for a lot of people in crypto, you know. Even what's been interesting to see is that even some of the big winners like Solana or ETH, they're underperforming Bitcoin as well.

10:48So it feels as though the L1 trade is even kind of running out of a little bit of steam. I know ETH hasn't had a good cycle, but even Sui, for example, didn't have like an amazing week. solana didn't have an amazing week it's just bitcoin and meme coins uh and i i kind of agree with you i think it's just going to continue uh people are coming in here and they they're seeing the the screenshots of big wins and whether you find it frustrating or not that's what people are being drawn to and that's what like if people have more money people we're talking about global liquidity going in you can have some people who want to buy bitcoin for the digital gold narrative and then some people are here just to try and make 100x gains and i think they're going to be driven to mean coins again do you think i'm thinking about elections again what do you think happens if camela loses if camela wins even sorry is that do you see bitcoin dominance rise or do you see bitcoin dominance fall in that situation yeah i think if if camela wins i think bitcoin dominance would rise i think if trump wins um i think there is and the reason for that is is just because i think people will will probably view it as a more difficult path for broader crypto regular regulatory framework in the u.s um and but but bitcoin in that world i think still survives and still thrives so i think you probably have bitcoin fall uh but i do think bitcoin dominance continues to rise.

12:26I think if Trump wins, we could see a little bit of a mini peak here in Bitcoin dominance. I think we probably get above 60%, 61, 62. But if Trump wins, I think people can start to say, we're going to see a regulatory framework which brings Solana into being more accepted, a bunch of the other alt L1s to being accepted. And I think we probably have a more broad-based rally in altcoins on the back of that. here's a question for you if trump wins where does bitcoin go on so the day of closing prices on the day of the trump victory what's the closing price for bitcoin e soul and then let's say something like a pepe so you talk about it as a market cap we think it's a market cap and then maybe let's say talk about like a mid cap on something like a mug or a pop cap or spx where do you think all those things trade um in terms of the closing price on the day of the trump victory

13:30one day prices are really difficult but but year-end prices i think are easier to do i i think bitcoin on a trump victory heads heads between 90 to 100k by year end um and what does that imply for Sol and ETH? Well, I think, do you think ETH goes lower that ratio? Does it stay the same? Does it go higher?

13:56Have you ever wanted to trade Bitcoin but haven't dared try? With plus 500 futures, you can trade crypto without the hassle of opening a wallet. With just a few clicks, you can register and start practicing with their free and unlimited demo. See a trading opportunity? You'll be able to trade it in just two clicks. Feel ready? You can move to real money with as little as$100 once your account is approved. And the great thing is that in addition to crypto, Plus500 gives you access to a wide range of instruments, S &P 500, NASDAQ, gas, and much more. Explore equity indices, energy, metals, Forex, and beyond.

14:29With a simple and intuitive platform, you could trade anytime, anywhere. Experience the fast, accessible futures trading you've been waiting for with Plus500. With over 20 years of experience, Plus500 is your gateway to the markets. Visit us.plus500.com to learn more. Trading in futures involves the risk of loss and is not suitable for everyone. Not all applicants will qualify. Plus 500, it's trading with a plus.

14:56ETH is tough because ETH, I also think, has a pretty clean path on a regulatory framework right now. It could be better in terms of tokenization, but I still think Bitcoin outperforms ETH at all points of this cycle. Solana is the interesting one because I would say Solana probably has the most to gain from a Trump presidency win out of the major L1s. But I think around year end, people will talk about the FTX unlocks, which are pretty decent in that Q1 period. That's why it's become a more difficult trade for me, that one. But I think Solana will at least keep pace with Bitcoin. So I think we'll probably be heading towards um 200 area on on sol on that and that's sort of a move maybe slightly higher and then where is something like pepe like if you have like let's say a 43 to 4 billion dollar market cap meme where does that go in that situation unless you have a 1 billion dollar market cap meme where does that go in that situation interestingly like the the higher cap meme so anything two billion plus has generally underperformed like i said dojo has had an okay week this week but generally a lot of people have been are kind of trapped in those longs but they know they're not going to go that much lower but the upside has been pretty meager in pepe bonk with um doge ship like a lot of people are like well these are the best memes to own but they're not really gaining that much i still think those could be frustrating longs um if i'm honest like yeah the sectors which i the sector which i think probably gains the most from a trump victory in terms of altcoins is probably defy but i don't know if that necessarily means you get like 50x gains what i do think is that if trump wins you'll see um you'll see a lot of money go into these mid-cap memes again and and probably even low caps as well i think i think we could see like billion dollar memes um happening on a on a weekly basis um if we start to see a trump victory so uh i think i think that could be pretty um pretty substantial we should actually get into that because that's one of the major stories of the week that we've had this week is is this goat meme coin um which was formed about a week ago um it is a it is a it's called goat goat goat's maximus is kind of the long form of it um it got some airplane sound in the background there um but uh it is a uh is a meme which was wasn't actually created by an ai agent but it was um It was endorsed by an AI agent called Truth Terminal, which has its own X account and actually saw some.

17:56I think A16Z had helped give it a 50K Bitcoin donation a few months back. It's kind of a machine learning influencer. Like it posts about a ton of different things. It gets huge engagement on the back of it. and it promoted this coin called GOAT last week and it has gone from zero to 50 to 100 to 200, 300 and now$450 million in the space of a week. The story is really catching up. We've seen Bloomberg run with stories about it. It looks like if GOAT hits, I think, just over$550 million, this ai agent would become the first ai millionaire which is becoming like a bit of a story and it feels likely that it's about to happen you saw this story right from the start like we were we were flagged to this story when it was about a million dollars what what do you think of it all i like i haven't really gotten on board with ai coins in general but i like the idea of ai meme coins because you want something that doesn't really have any utility or anything like that you just want something that's a bit left-curved and a bit silly but the ai narrative is like a very powerful one and i don't know if you've read some of the tweets that come out of the truth terminal thing but they're pretty funny but they're pretty like extreme as well and i think it's like sort of like a good it's a good it's a good coin that fits the narrative right now like meme coins ai but kind of being self-deprecating and not like completely taking it too seriously which is where I think some of the AI stuff falls into traps.

19:41And yeah, the whole like, I think the whole Mark Andreessen thing is the thing that really sense it, to be honest with you, isn't it? Because, you know, this coin was about$20 to$40 million market cap. And as soon as there were rumors about A16Z and Mark Andreessen, and then he said he was not involved with the coin. He just sent whoever it was, 50 grand as a kind of like a grant, I guess. but that i think just actually added more fuel to the fire and then it kept going so where it goes from here i'm not really sure i think you've had a few different coins in the past um month or so like mudang stx turns to a certain extent this coin now where they just catch fire and go to this sort of like 300 to 500 million dollar range or maybe possibly even higher and then they start to lose a bit of steam and my hunch and my gut on this one is i don't think it's going to be one that will lie it maybe goes to a billion dollars i'm not really sure but i don't think it's one that's going to last for a long time at those prices because i don't feel like i think the stuff that lasts for a long time those prices are stuff that has strong communities and people who are like very diehard and active in preaching the story and holding their position so to speak for a long time and it doesn't feel like that to me about go go it feels like it's just random they're caught a bit of virality but you know random things that catch virality often um temporary and not permanent yeah i had the same view but i don't know if it's just complete cope what i do think about it is that you if you are not involved in crypto and you hear about this story it is kind of engaging you know that like oh we're going to create the first ai millionaire off a meme coin and i think a lot of the stories have kind of muddied the water that this ai didn't actually create the coin he just endorsed it um but a lot of the stories seemingly indicate that they created it as well and that's that's kind of not what happened but at the same time it's a sort of story which i think people are buying into you've seen a lot of notable people in crypto bio the last 24 hours and um i think this one could i think we're gonna definitely see this ai agent become a millionaire i think it's definitely gonna hit that level that level just feels like it's a level is that is that the sell the news level like when it does it what's next i think it is i think it is i think it's a sell the news level i i there's been a few stories like this before there was a story which also has done very well this week turbo where an artist in the past, like used AI code, AI to code the meme coin.

22:24This is before pump.fun where making a coin was was far harder than it is now. And that that meme point has actually gone near a billion dollars this week as well, just on a similar sort of story. But I prefer that story to this story. Like this story. It feels good. But it also feels like it's not a billion dollars worth of good. You know what I mean? yeah that's why i think too like i think i could see it hit that make the first ai millionaire level which is what you said 550 million dollar market cap and then just you know back down to 100 or whatever it is from there 80 drawdown i think it i think it just speaks to what we're we're seeing in the market though this is why i said like if trump gets in we've seen a coin not for the first time right we've seen a coin basically go up to 450 million i think last week we had mudang right or then maybe that was a couple of weeks ago mudang went to 350 million this one's gone to 450 i think it'll probably go to 550 600 600 areas sorry uh in the space of a week we saw that sort of stuff happened about six months ago like boom for example went to what one and a half billion yeah in in just a few weeks it's getting frothy out there it's getting back to being people are coming in they're hearing these crazy these crazy stories this this goat story you've had people screenshotting millions of dollars worth of wins um that's the sort of thing that brings people back and i think if trump gets in we'll hear probably about more of those stories every single week like this left curves if it pays to be left curve right now like yeah if it if it doesn't make sense even this even this goat thing it's not the perfect story and it's gone to 450 million like you get a good story here it's going to hundreds of millions yeah yeah yeah i agree i like that i think you're right i think you'll on a trump point you'll just see things like flip to a billion dollars like pretty quickly i think that's what happened in 2021 right it's almost like you sort of have like your big cap meme the mid cap meme and your low cap meme and the flaws for all of them rise a lot higher so maybe right now a big cap's like two or three billion dollars a mid cap's like 700 million to a billion dollars and then your low cap stuff is like 200 and below and you can see that low cap being a billion dollars that makes sense you can start seeing things be pretty aggressively i think um but there's you know when that happens it's not there's still what is amazing to me is when you get these like crazy market caps on these memes the liquidity on chain is not that great to be honest with you like it's not if you wanted to like exit your entire position it's not really there um so maybe in that world we see much more exchange listings because they'll be doing tons of volume i'm not really sure but it's going to be an interesting paradigm i think

25:22yeah um i just i think buckle up like the banana zone that raul's been talking about for a long time we're about to see it happen i think the obvious thing that's going to happen here is bitcoin i think other than that it's going to become increasingly predict unpredictable i think all you're going to see is that you're going to see big wins and you should be i wouldn't fade momentum in the early part of the trump like see what is moving after trump trump gets in or if and fade that. Conversely, if camera gets in that, I don't think we're moving away from the bananas. And I think actually crypto has a strong period, whatever.

26:04But I do think we go we go down a little bit more and it becomes more of a Bitcoin led cycle. Probably mean coins as well. But Bitcoin, I think would be the obvious thing to hold. So how are you playing it? What's the what's the right position? If you're bullish and you want to get based on like which, you know, and people say, oh, mean coins, but like, it's kind of like nfts in 2021 which nfts which meme coins there's so many out there how do you know what has the best battle for buck do you stay safe and go with something like pepe but you just say it underperforms do you take more risk you take more risk there's like so much more choice you know there's only five or six multi-billion dollar meme caps multi-billion dollar market cap means but there's like hundreds of mid-cap memes probably like how do you what's your thoughts there?

26:53How are you positioned? I actually think it's a little bit simple. I think we've been speaking about in the show for a while, right? Bitcoin, I think we agreed was the best one of the majors to own. I went fully into Bitcoin in September as I said every single week on the show and added even a bit on top of that. And then if I'm honest, I think the murad has made the meme coin trip i do think that whether you whether you think those are incredible long-term holds those are the things to own like yes it becomes super dangerous um as you go down to the mid caps but i do think he's now created this sort of list where if you're coming in peripherally into crypto those are those are the things that people own too so I actually think it's become more simple.

27:50If you want to guarantee you're going to make money on a Trump victory, I think you're going to be owning Bitcoin and Murad memes. And then you can go down, like, obviously you can take more risk and you can catch these things that got the 500 million. But if you want to set and forget sort of portfolio, which has some meme coin exposure, that's what I would do. Like, don't fade it. Don't fade what's now been working over the last month. those things are going to keep going higher i can tell you like um people are going to put money into them at the end of the day mirad has been the person who's caught fire with the way he's presented his thesis whether you agree or disagree it's got a shit ton of engagement and everyone's talking about it right so and that's what mean coins need just it's attention so you know if he if he truly is able to onboard institutions and players who previously haven't been in the meme coin well because of the way he's perhaps explained um that part of the market then if someone buys into a theory what are they going to do well they're going to buy one of the coins he's talking about they're not going to buy a different coin right because like i said we're just lost in terms of what to buy so you know buy the thing that the guy is saying to buy so i agree i think in my opinion in this moment in the cycle i think it's risky to not own at least one murad coin that's the way i feel um yeah it's been it's like a bit of self-fulfilling prophecy i think it doesn't even matter if you agree with the thesis around any of them exactly like you just gotta like take if you take a step back you just think money if money comes into the space where is it going to go that's just a super strong narrative that's happened and i don't see it being faded um i think there are better or worse coins there but i do think that it's tough to argue that those won't be the winners now um i mean i've liked other coins like if i move away if you're like i cannot touch meme coins i do not want to hold these i need to feel like there's some sort of underlying fundamental value to to it i do think some of the defy coins will do will do okay particularly the ones on solana like i've said in the past about camino camino has done like a 3x since i was uh looking said i'd look i was looking at it a few months ago i think some of solana d bike coins will do well i think arve will probably do well you've seen a big run up in athena which has done which has done well i think i think some of the d5 coins will do well and i think i've also said i like i like uh bitenso i like tau as a as an ai coin but i actually think that those trades are more risky than murad memes plus bitcoin here like it's weird i just i just don't see how those murag coins go lower unless something really bad happens to him or like we hear they had some like crazy background and all this sort of stuff like some of those coins i just do not see him going lower and i think people will be looking to buy any dip you should probably mute again you're very loud do do you think um sorry there's play a play of it but do you think that they go to the market cap targets he's talking about no no in it but like do i do i think do i think giga goes to a billion dollars yes do i think mob goes to a billion dollars yes do i think um

31:27bitcoin i think i could go to a billion dollars i think um there's just like i just think if you're in crypto day in day out i think you know the stronger ones that is list right you know the ones which are like they got saved by being on the list and you know the ones which were strong independent of that list um and i would probably buy the ones which i think are strong independent of that list so the top ones for me there are like popcat um mog um giga and probably ticker bitcoin um so those are all at similar market cap levels between let's say like 500 to 800 million maybe 400 to 800 where do you think they can go i think they're just gonna do a four or five x um pretty pretty confidently over the next like maybe even by year end do you know what i mean like uh i think lock lock in as well as a decent one um but i think if i was i actually like the eth memes on his list more than i like the solana memes just because i think eth memes i think there's a lot of money on eth right now that feels slightly trapped that feels like it lost it's so frustrated about you know missing so much of the cycle and i even see on the timeline like if you're here every single day in crypto you see that people are going like right i'm not buying solana i'm not buying solana meme coins there's no way you're going to get me to but i'll buy some eth meme coins why not so i think you might actually see weirdly like the eth tbl move into those and the heart there's it's far fewer at the top there right like it's there's not thousands of eth means there's only a handful so i actually think those ones are the ones which look the strongest spx is one of those now but personally like i prefer i think spx is like purely a murag coin right like there's nothing else out that it was it was kind of there beforehand but look at the spx chart it's really just murag coin but i think um mog and ticker bitcoin and uh are stronger than that and on the solana side i think bigger and and popcat will i obviously have my own move phone as well so like i'm super bullish on that i think we're going to see other stuff go higher.

33:53But if I wanted a sort of portfolio where you like set and forget it, it would be Murad coins and Bitcoin. How could you lose? Like, paint me a picture where that doesn't make money. It would only ever be if he had to liquidate all of his portfolio and like he gets exposed as like a fraud in some sort of way or like a pump and dumper, which I don't think is a 2024 thing. I think that's maybe like an end of 2025 thing he probably has to start selling and then people are like front run it or they you know they they start attacking him but i i think don't it's become much easier to guess what's going to be the main coins in my opinion got me uh got me excited i really hope we see a i mean for my purely from the perspective of my positioning i hope that we see a trump victory um yeah it could be for a grittish standpoint but it could be a very exciting environment i'm max long i've been saying it on this show for a long time i am max long i think we are going to go a lot higher um do not fade i actually think on any scenario like um even if trump doesn't win i think i think like we're going to be we're going to go higher based on global liquidity going higher and all the banana zone stuff that that ral's been talking about for months but i think on a trump victory you see parabolic stuff start happening like really crazy stuff happens in crypto because even if you're bearish on him from an economic standpoint like some people have said oh you know you know this could mean like inflation comes back and like it may not be the most positive scenario for like the uh or a lot of it's already baked into like the s p it's very difficult to paint a bearish scenario for crypto uh and crypto policy with him uh in in power and i think people will if i was to think of like the top three trades to own we spoke about that a little bit last week into a trump election victory it probably would be bitcoin tesla and and maybe like what trump media the the um the uh the stock but bitcoin's the most obvious one i think yeah well we'll see uh we'll see what happens do you uh do you do some questions or do you yeah why not cover i think there was the thing about it is like this show we we could talk about there's been some pretty cool stuff like them you can now buy crypto with benmo now which paypal is is like helping um that's pretty big there's a pretty big integration right like a moon pay integration which i think will be um which will be pretty big for onboarding at least in the US.

36:36You've seen a couple of banks in Asia, particularly DBS Bank in Singapore, and there's been one of the oldest banks in Thailand have moved more towards using crypto. So there's been these sort of like progressive integrations, but honestly, Mindshare is being dominated by meme points in crypto. That will turn some people off to what's going on but that is that is kind of what's happening is it's it's kind of frustrating not to talk about anything but that right now um i think i think that's probably going to be the case for at least the next few weeks like i just i feel that that's that's not really going to change you did say um you also saw larry fink come out who's like the um obviously the ceo slash co-founder of BlackRock came out and said he thinks that Bitcoin could be the size of the US housing market, which I thought was a pretty big quote.

37:33It's kind of wild to see someone like that come out and be more bullish on crypto than sometimes people within crypto even are. The US housing market is in the tens of trillions, around 50 trillion. And Bitcoin right now is just over a trillion dollars so he is seeing a massive potential rise in bitcoin here do you think he like obviously he makes money from fees from this etf and we already spoke about how blackrock seen about a billion dollars of inflows into their etf this week but do you think that's believable do you think we're going to see 50 50 trillion dollar bitcoin it's not as crazy as it sounds I think it's not as crazy as it sounds.

38:14If you really, if it really makes its way into the TradFi world of being recognized as digital gold and reserve currencies and all that kind of stuff. And the US decides to start buying it and other sovereign nations, but they have to get involved. Like that's a path of events, which is a possibility. And the probability of that is not as low as some people think it is. Like it's a very real possibility. and this is something that Bitcoin would have told you 10 years ago like you know one day every nation's going to buy Bitcoin but back then it probably didn't feel like a reality whereas now it's not so crazy to think that I mean Trump is already out there saying it

39:00oh I think we may have lost him again we may have lost him again yeah look I think it's believable basically for this. I do think it's probably a 2050 sort of thing that we head towards 50 trillion, but 50 would take us to that million dollar Bitcoin level, right? Slightly higher.

39:26I think we're going to a million dollar Bitcoin. It's really just a timeline of when it happens. If we could do that in 25 years, I think that's achievable. Well, it could be like a 10 to 15 year trade. Who knows? Like 50x on Bitcoin over the next 10 to 15 years? Could happen. Yeah. Yeah. I could see it. I could see it. All right. Let's do questions. Before we do that, we just want to showcase some more pro crypto content on Real Vision. Earlier this week, we had Jamie Cootes, who sat down with Jack Booth, who is the founder of the Tongue Society. for a deep dive into the open network, the growing crypto system that's forming around it.

40:11So you can access that on the Real Vision website. That's realvision.com with a pro crypto subscription. And now let's move on to the questions. First question is from Sarah. Are we front running the Trump trade, i.e. Trump wins, sell the news, Harris wins, sell the news, etc, etc. my personal opinion is on day one i agree with that i think you're meant to fade either result on day one what happens afterwards i think it's a different story but yeah i kind of agree with that on day one and the short time perhaps yeah i would actually um i um i actually don't think you should fade it i've said this before like um maybe on the day you see volatility you saw that the um the open interest on bitcoin hit an all-time high at the cme this uh i think two days ago so all that tells you is that there probably could be a leverage wipeout on the way up and then on the way down you see these like darth maul wicks where you're up and down and everyone loses money but i i think that um bitcoin breaking above an all-time high should not be faded uh i i'm not a mean reversion trader when it comes to this sort of stuff and i think you're meant to buy you're meant to buy that breakout um actually i i think if if we break out about 71 and a half level which we've hit like 10 times uh maybe even more i think it's nearly a dozen times over over the last few months and we break out of it you're meant to buy that breakout next question well i'm going to bucket two questions together here one is from alex what about epic i'm surprised you don't mention it another one from rm guys honest view what chance does the duck have going to a buck i don't know what is what do you spend like five minutes telling us about i think epic's an interesting one like it's a meme coin it's up what three to forex or so in the last two or three weeks but it's still sitting at like a 30 million dollar market cap maybe 25 is what it is so it's in that kind of like low cap range but um it's something you've been working on for the last few months so you know it's not like a coin that's just going to disappear overnight and it hasn't done so um but you know what do you think imagine you're not the founder of epic what do you think yeah i've actually never mentioned it on the show because because it's it just felt so dangerous to kind of talk about it but yeah it's i mean i made it seven months ago now um as a joke uh but i i think it's doing well it's now at like 30 million dollars or 20 25 ish million dollars um trying to become the first gaming mean point so like gaming projects in in crypto have officially not been great investments you've seen a lot of like um dodgy tokenomics a lot of vc style investments um where it's been kind of extractive and i think a lot of people have a lot of war stories of investing in gaming tokens over the years and i think our vision is is um this is this is like an og gaming meme so uh it's from like 15 years ago um from 2009 and now it's a meme coin based on that it's really to build a a gaming coin from the ground up.

43:35So you have people who are interested in gaming, that like gaming sort of culture, and you build a coin which then has that sort of meme coin aspect, community aspect, and then starts to get gradually integrated into different games. You maybe get partnered with different games for airdrops or for token drops, of which we're speaking to a number of different people, and kind of just do crypto gaming coins slightly different interestingly there's been like a big big winner in the crypto gaming space over the last over the last um month which is off the grid which is a game which is actually out outpaced fortnight for downloads um on some of the major um uh gaming hubs uh steam being the main one but uh interestingly like gaming coins haven't done that well on the back of it like off the grid doesn't actually have a coin right now but a lot of the gaming tokens people just have been burnt so bad and they see the tokenomics of them and they they know that they're just difficult they're difficult coins to own it's the same with so many different old coins right like they're funded by vcs to actually fund the original game and then even if the game is successful the tokenomics of the game just mean that it never really can work or like the economics of the game never really work out so it's basically a way to be bullish on gamers coming into crypto and being more accepting of it but you have a meme where it's a fair distribution fair launch and there's um there's less holders so i'm bullish on epic because you know i'm a founder and i think it can do well but uh i'm not going to tell anyone to to uh to buy you can just have a look at it and um if you if you vibe with it then uh you can yeah take an even deeper deeper look but uh i do think that there are stories like that right like epic was at six million dollars two weeks ago um and it's done a done a four or five x over that period um i think there's going to be a lot of stories like that if over the coming weeks a lot of these stories like the murad thesis on coins right which is you look for a coin which is over six months old that has a cult following that has a clear definable goal um and that has seen like multiple drawdowns and has this almost like not religious but um yeah this cult like uh energy about it i think there are a few coins like that which aren't on his list but would be if he had an extended list of like 20 to 30 coins if you're in crypto every single day you can probably identify what those are right you kind of know what those coins could be um and i like to think the epic could be it's you know six months old clearly definable goal is to be the biggest crypto gaming coin um or gaming meme to be precise but maybe the gaming coin at the same time um and yeah we've it's been through like multiple drawdowns and uh and has like a cult following to it i like it um okay next question is another meme coin question um you guys didn't talk about bonk in memes what are your thoughts on it on that one for me i don't really classify bonk as like a proper meme coin you know bonk number one is like basically a vc coin and they actually have token unlocks that get invested to um various contributors and stuff over time so i think that's one of the reasons why it's underperform quite a lot and they have all this utility itself like yeah bonk bot and all these different things so um for me it's a bit it's less of like a traditional meme coin more of like a flow key kind of vibe thing which it does mean it can do well but look at the end of the day bonk hit a billion dollars like almost a year ago right bonk hit a billion dollars in like november december last year and since then it's barely really managed to kick on i think it managed to get two or something like that but it's been dwarfed by whiffed or by many other coins so i just think it's not like um it's not something that even really bucket into like a pure mean coin is what i would say yeah i think that in some ways that works in its favor at the same time like it bunk never really goes lower it just kind of stays where it is i think it has in bad periods it can be more like a d5 coin because it has it has like a big bulk bot um trading bot which earns tons of fees that's that's one of the main reasons why bonk has kind of a centralized management team um i think bonk is a multi-cycle meme but it's a multi-cycle meme like you just said it's more like ship where it's it's gonna stick around i don't know if i'd own it for a parabolic run up that's what i would that's all i'd say yeah makes sense um i think i then i think it's not the one that could just go crazy because i think that stuff it needs to really be like truly truly left curve work to almost the point we can't even explain where the value derives from um that is uh that is it for questions actually we have this week it's been a very meme coin focused show so far because i think everyone feels like we're on this precipice of going a lot higher and as we discussed meme coins seem to be the thing that has the have the most beta in this market and i think everyone's trying to myself included trying to figure out like the most optimal portfolio like bitcoin plus uh a cherry picking of uh of meme coins so um yeah i think i don't know do you have anything else to add to the show we may end up calling it an early one we've spoken about lots of other things lots of other coins that we think can make money in this show.

49:32And it just feels as though the market is telling you that meme coins is the thing. So I can tell you, like I said before, five or 10 other coins, which I think are decent risk reward plays. But don't fade. Don't fade what's going on right now. Really, really don't. I think it's time to pay attention to what's going on. And if you really hate that world, then I think Bitcoin is probably the thing though. yeah before we head off we'll have a question for you guys um which meme coin do you think is going to be the next one that goes to a billion dollars uh let us know in the comments whether you're watching on x on youtube on the real vision website uh let us know your thoughts on which meme coins you guys are picked for the next ones to reach a billion dollars um other than that i think we can wrap it up for an early close today um hopefully the price action continues uh Make sure you guys are following us on X, Rect Mando, OSF underscore rect.

50:28And we'll be back next week. Next week, we'll have the Drinked with OSF and Mando show, which is exclusive to Real Vision crypto members. It will be at the usual time, 11.30 a.m. Eastern time, 4.30 p.m. British summertime. And the last thing to mention, you can get access to all these sessions and all the research and trade ideas in Real Vision crypto. That's realvision.com forward slash RVC24. But other than that, I hope everyone has a great weekend and thanks again for listening. Thanks, everyone.

51:23forward slash free.

51:53real money with as little as$100 once your account is approved. And the great thing is that in addition to crypto, Plus500 gives you access to a wide range of instruments, S &P 500, NASDAQ, gas, and much more. Explore equity indices, energy, metals, Forex, and beyond. With a simple and intuitive platform, you could trade anytime, anywhere. Experience the fast, accessible futures trading you've been waiting for with Plus500. With over 20 years of experience, Plus500 is your gateway to the markets. Visit us.plus500.com to learn more. Trading in futures involves the risk of loss and is not suitable for everyone.

52:27Not all applicants will qualify. Plus 500. It's trading with a plus.