On the mic
Summary
Dave @DCBK2LA and Kool @koolcryptovc opened with Robinhood's 200 million cash purchase of Bitstamp. Kool argued that crypto revenue had saved Robinhood's business and that the company was becoming a direct competitor to Coinbase. The panel then discussed reports that MicroStrategy faces the highest institutional net short positions of any crypto-related stock, and NatNat @Natnatx007 linked that to fears of a stock market crash and to whether crypto is decoupling from stocks. Talk turned to the broad "digital asset" language in the Intelligence Authorization Act, and Kool walked through valuation models and TVL rankings to make the bull case for Ethereum. The second half covered the Welsh community giveaways, a BNS quest and runestone prize, Solana meme coin activity, Wormhole and Velar staking questions, and a live giveaway draw. The show closed with NatNat previewing an upcoming Roaring Kitty YouTube livestream and explaining the GME gamma squeeze. All of this is discussion, not financial advice.
Chapters
Robinhood acquires Bitstamp for 200 million in cash, and whether that is good for cryptoMomentAt 0:08:58 on X
Crypto revenue saving Robinhood, competing with Coinbase, and large caps versus lower capsMomentAt 0:12:22 on X
MicroStrategy facing the highest institutional net short positions, at 23% of market capMomentAt 0:19:22 on X
Stock market crash fears, shorting through Bitcoin ETFs, and crypto decoupling from stocksMomentAt 0:22:27 on X
Correlation, a big bank CEO's stock sale, the election, and keeping liquidity on the sideMomentAt 0:25:03 on X
Giveaway draws and a Roaring Kitty livestream preview with a GME gamma squeeze explainerMomentAt 1:35:45 on X
Key quotes
“Always remember, you know, watch what these institutions do. Don't look at what they say.”
Kool0:12:22Share on X
“Don't let the market dictate, right, what your decisions are on a day to day or a minute to minute basis.”
Dave0:32:51Share on X
“everyone should have their personal investment plan and their personal investment strategy away from the media.”
NatNat0:35:56Share on X
“You judge a project based on the TVL. You judge a project based on the network effect, the growth.”
“we gotta get better at at obviously educating people.”
Excerpts
Opening: living on Twitter Spaces and reaching a worldwide live audience
- 0:04:00 Dave need some hot stuff, baby, tonight. What is up, everybody? What's going on? Welcome to another episode. I feel like we live here. Like, I've never really done, like, a daily daily show as, a host, and I think this is…
- 0:04:48 Dave Cool. You're breaking up. I hope it's... I don't know if... I don't think that's me.
- 0:06:38 Kool Man, man, things man, things are good, man. I mean, can't complain. I'm here every day. I love this stuff, man. I love crypto. So daily, this is my life now. I I have 100% accepted this. I spend hours and hours and…
Robinhood acquires Bitstamp for 200 million in cash, and whether that is good for crypto
- 0:08:58 Dave Yeah. I agree, man. I agree. Alright. Let's let's jump into it. There's a bunch of different stuff, obviously, happened over the last twenty four hours. I mean, some notable things, you know, there's there... There's…
Crypto revenue saving Robinhood, competing with Coinbase, and large caps versus lower caps
- 0:12:22 Kool It's kinda funny. Okay. Be... Dave, first, take take your DM real quick. Just real quick. Okay. I'll take your DM real quick. Yeah. So I got I got you stuff, And what's interesting is I actually wrote some notes about…
- 0:13:32 Kool hire near this stuff. You could buy fraction shares of a company. Like... So so let's say you you wanna buy shares of Apple. So... And you don't have the Apple stock, I think, is, like, 300. I I don't even know. So…
- 0:18:43 Dave Yeah. I mean, it... Yeah. You you wanna know something? I feel like I'm gonna go back and listen to all of our spaces and and just pull how many times we say the word crazy, insane, nuts. Like, we probably say those…
MicroStrategy facing the highest institutional net short positions, at 23% of market cap
- 0:19:22 Dave Let's go. I'm gonna need your take on this next one because we're gonna tie this in. So I wanna tie this next story into the short position, then we could talk about GME and and and the rest because I do think it's…
- 0:21:45 Dave It's wild. To the to the two... Like, the 23% of the market cap constitutes almost 7,000,000,000 in shorts. They're literally saying, this ain't gonna make it. No way. When we're all... Hey. Cool. Maybe this goes back…
Stock market crash fears, shorting through Bitcoin ETFs, and crypto decoupling from stocks
- 0:22:27 NatNat I think I I think I have an idea as to what we're missing. So I've been in the stock market for a very, very long time since 2009, 2010. And a lot of things that we're seeing now, it contributes. It's in line with the…
- 0:23:42 Dave Interesting. I mean... Because here's the... Yo, Nat, thanks for the insight. That was amazing. Cool. I I don't know where you're at on this, but this is... I'm trying to really make sense because it's like one good…
- 0:24:14 NatNat I think we... We're heading towards the path of them being decoupled because remember a few years ago, crypto was a hedge to the stock market. They were not moving simultaneously. It wasn't until recently that we saw…
Correlation, a big bank CEO's stock sale, the election, and keeping liquidity on the side
- 0:25:03 Kool Yeah. We we are we are in an up... Unprepared times. What I always say is nobody knows what happens. Right? I will say that there's sometimes when when the stock mark... So the crypto market is correlated to the stock…
- 0:28:33 NatNat Exactly. And then with Jamie, he... Recently, he has issued a warning because he's... He says he's not ruling out a hard landing on the American economy. So I'm... I I have a feeling he... He's leaning towards the…
- 0:29:00 Kool Oh, no. For sure. They they know... I mean, like I said, they know something's coming. The problem is it depends on when they let it happen. Now now the issue is this election coming. We have... Okay, guys. Yo. I…
Top MicroStrategy holders, traders versus investors, and dollar cost averaging
- 0:32:51 Dave Interesting. So let me read you guys off the top 10 holders of MicroStrategy stock. Michael Sailor, obviously, numero uno. Vanguard Group, they're an institutional investor themselves. BlackRock, number three, Capital…
- 0:34:49 Kool Yeah. Yeah. Yeah. Dave. Dave. Dave. Because it's it's, you know, it's it's it's it's the only way for you to compete against these these institutions in Wales. We... You don't you don't have it... You don't have that…
Building a personal investment plan away from the media
- 0:35:56 NatNat One thing just... One thing that has worked for me and my my business partner and I is everyone should have their personal investment plan and their personal investment strategy away from the media. You need to know…
- 0:36:24 Kool Yo. I... Yo. I love what you just said right now, man. Oh my god. The the reason why I love that because, like I said before, remember, when I say I've I've studied so much with the... This older stuff, The the media…
- 0:40:05 Dave This is financial... I mean, this is not financial advice. I'm just glad that Nat's a woman. You know? Just glad she's not a man with a wonderful new VIP.
The Intelligence Authorization Act and how to define a "digital asset"
- 0:40:43 Dave Let's go. Round of. Yeah. More more and more women in crypto, please. Contrary to popular belief, I will... I can guarantee you that women control finances way better than men do. I swear. I promise you it's true…
- 0:42:49 Kool Yeah. Joe, I mean, these are assets or what I'll call stablecoins. Stablecoins, definitely, crypto. It's... All this stuff that they're doing is just a waste trying to control this industry. That's all it is. And they…
- 0:43:44 Dave Yeah. I mean, I'm gonna come over to you ladies in a second. But when you really think about this, they can... Ultimately, even just with this bill, right, if we come back to the bill for a second, this is... This…
Ethereum validator setup options, OFAC data sharing, and privacy
- 0:47:54 Dave Well said. Yeah. It's almost like they leave it open. Right? It's almost like they're creating these bills now so that later on, they can come back to it and be like, ah, good thing. I I left this one here from... Oh…
- 0:48:35 Dave Yeah. I'm with you. Yeah. I think we're all pretty much in consensus here. The the agreement across the board is, fuck these guys. Enough of this nonsense. Yeah. Digital assets, man. Like, anything that's... If you…
- 0:49:57 Kool Yeah. Dave, it it just... It it all it all depends on who... Who's in power and the kind of rules they put in place. All this stuff are happening right now. They just... They... They're trying to lay the groundwork for…
Ethereum valuation models, user growth, and TVL rankings across protocols
- 0:51:58 Dave Agreed. Agreed. Agreed. Alright. Enough of the boring freaking regulation talk. Oh my god. I'm... Like, what's coming out of my ears already enough. When did we talk about meme coins? Not yet. She said, I'm kidding…
- 0:52:57 Kool about Yeah. Yeah. No. But they... The the bull case for Varnack is a $132,000 for money. That's a bull case. According to Varnack Varnack, I'm not not me. The bull the bull case, a 132 k. The bear case is 22 k.
- 0:54:39 Kool They listen to crypto people that don't really know what they're talking about, man, because I'm I'm all about numbers. I don't I don't know what this stuff means. But people people people tend to judge a project based…
Welsh community giveaways, the BNS quest, the runestone prize, and DeGrants
- 1:00:32 Kool So so let... I want to get a quick break break, Dave. Let's let's get through to Mike. Can can you give us update? And then we pin... You know, and you guys know we've been doing giveaways every Tuesdays, and this is…
- 1:04:00 Dave I'm wrong. So there's two more big airdrops coming for the runestones. For those that got the first one, okay, you got 900 thou... And somebody won one of these, by the way, on the first ep... The first, giveaway that…
- 1:10:39 Dave first world problems, guys. First world problems. Yo. No. I appreciate you guys, man. Thank you. Yeah. You guys obviously see, like, these dudes... Welsh has pretty much become the unofficial slash official sponsor of…
Solana: the Sanctum airdrop, meme coin activity, and a celebrity token
- 1:16:07 Kool Yeah. Not not much. There... A little project still coming out. There's there was an airdrop announced called cloud. It's Sanctum. Sanctum is a d five project. I think TVL was, like, 700,000,000, and the... Enough…
- 1:21:48 Dave Slap you in the tooth. Yeah. Block tech. So make sure that you retweet this space and retweet the space that Stu's gonna pin... That Stu's gonna post up in a second. Or actually, most likely, gonna send it to me, and…
- 1:28:18 Dave We have time. We have time for sure. Alright. Let's go. Who else we got? We... Mister Bobby came up. Mister Bobby, anything you wanna contribute? Alright. We'll come back to you, mister Bobby. Simi, what about you? Oh…
Giveaway draws and a Roaring Kitty livestream preview with a GME gamma squeeze explainer
- 1:35:45 Dave Tripping monkey. Let's fucking go, baby. 12,500 Welsh to tripping monkey. I like it. Let's go. Who else we got? Who else we got? There's a lot of people in here. Let me just make sure they retweeted. Okay. Alright…
- 1:38:15 Kool They they might free... They might they might hold the stock, man. I I just... They they they don't like to lose, man. So we'll see. It's it's
- 1:39:48 Dave love, man. Yeah. I could I could definitely redraw it. Absolutely, my guy. Alright. Let's go. Here we go. Redraw. Hold on. Hold on. I'm gonna get back to the computer. Winner. Winner. No. Wait. Sorry. Something went…
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