On the mic
Summary
Dave opened the show by replaying a clip he described as BlackRock CEO Larry Fink saying he had been a skeptic but now sees Bitcoin as a legitimate financial instrument and as digital gold. Dave, Kool and NatNat said this showed their long-held conviction was right, and they warned listeners not to sell because of bearish influencers during dips. The hosts then covered Trump's nomination and his pick of pro-crypto senator JD Vance as running mate, and played a clip criticizing Gary Gensler's approach to utility tokens. They also talked about Coinbase and MicroStrategy gains, miners growing their reserves, record year-to-date inflows into digital assets, Hong Kong adding Bybit to its alert list, and the SEC ending its investigation into Hero Systems, which they called bullish for Stacks. Later segments covered South Korea delaying its crypto tax, government Bitcoin holdings, the MicroStrategy stock split, and meme coin moves, and the show closed with a recap. All of this is discussion, not financial advice.
Chapters
Opening clip on going from Bitcoin skeptic to believer, and Dave on why a Wall Street "I was wrong" mattersMomentAt 0:00:18 on X
Kool on a crypto-friendly government, the Ethereum ETF date and institutional money still to comeMomentAt 0:22:02 on X
SEC ends its three-year investigation into Hero Systems, outlook for Stacks and WelshMomentAt 0:55:35 on X
Key quotes
“You should be positive when we are bleeding and negative when we are pumping. That's how that's how you win in this game.”
Kool0:08:33Share on X
“When in doubt, zoom out. And if you zoom out on the chart, you will see for yourself.”
NatNat0:12:20Share on X
“never have your your main liquidity on exchanges because you just don't know, man.”
“kudos to everyone that takes their time to tune in to these spaces and really tried to understand what it is that we're talking about”
Excerpts
Opening clip on going from Bitcoin skeptic to believer, and Dave on why a Wall Street "I was wrong" matters
- 0:04:47 Dave There is no Junie monologue today. There is none of this. There is this. There is Larry Fink, the leader, Okay? The CEO of BlackRock. The... At this point, trillion dollar... I would say maybe even probably closer to 9…
- 0:08:17 Kool Yo. Yo. Yo. Yo. What's going on, man? Happy Monday. Happy Monday. I'm glad to be here as always. You know, welcome everyone to the show daily, me, cool, and, of course. Appreciate that... Not not being here…
Kool on bearish influencers during dips and trusting your own conviction
- 0:08:33 Kool Yeah, man. Yeah. I don't I don't I don't I don't... I'm so numb now, but we we spoke about this before. I don't take victory laps anymore. I used to maybe at the beginning or years ago, but when you get older and you…
- 0:12:20 NatNat Yeah. I hear the same sentiment, Cole. Every time... And this is this is not new. Right? Every time BTC bleed out, we saw it when BTC was, like, 3 k and it dumped, then it went... Made it made a new high and then it…
Trump officially nominated, picks pro-crypto senator JD Vance as running mate
- 0:14:32 Dave Yeah. Look, guys. I know it was a little animated, but we gotta celebrate the wins also when they come our way too. You know what I'm saying? I get it that we could be numb at the end of the day, but for me, the way…
- 0:18:20 Kool Yeah. So I'm happy you build this up because I actually have a video of of of this guy. So if you're in this space right now, go to the pin pinned post. Go to the pinned post and listen to this guy's... To this guy…
Kool on a crypto-friendly government, the Ethereum ETF date and institutional money still to come
- 0:22:02 Kool Yo, bro. Bro, this is this is the next vice president. Do you do you understand how massive this is? This is this is what what we've been talking about how whenever you get people in power that are crypto friendly and…
- 0:25:31 NatNat He's swimming in all his money, man. He probably bought, like, 500 Bitcoin on the dip, and he's just, like, sitting on the table, counting his millions. That's why he's like...
- 0:28:19 Kool you guys don't understand that right now, of... Maybe I'll say most of is institutional money, maybe point 8% is encrypted. Maybe point eight. Maybe 1%. The real money is not even here yet. The real money comes come…
Coinbase up 11% and MicroStrategy up 16% on the day
- 0:35:23 Dave We talked about this the other day. Right? The trapped by world, the crypto world. I said, how much was the market cap for, for, for Coinbase? You told me about 50,000,000,000. Right? Today, sits at 59,300,000,000…
- 0:36:42 NatNat Thank you, guys. Thank you. I do spend a lot of time reach... I'm a numbers person. I do spend a lot of time researching all of this on both sides. So last last space, last week, we mentioned Coinbase and look at it…
- 0:37:40 Dave Think about how much Bitcoin... Just Bitcoin that Coinbase is in custody of. I can promise you it's more than $59,000,000,000 worth of Bitcoin. Exactly. I can only guarantee you that it's more than 59,000,000,000, and…
Guest speaker says people are not ready for what is coming
- 0:43:09 Dave And MSB, I'm losing you a little bit. I'm losing you a little bit. Like, can you get closer to the phone if you don't mind?
Bitcoin miners growing reserves and a record $17.8B in year-to-date inflows
- 0:44:12 Dave Yeah, man. Appreciate it, MSB. Listen. I want people to obviously go through... Like, I could say something. Cool. Because they say something. That night can say something. Maybe it doesn't register. Maybe when MSB…
Hong Kong alert list adds Bybit, and why you should keep funds off exchanges
- 0:51:53 Kool Yep. Yeah. It's it's... Okay. So you you guys have to understand. Right? You know, so all these all these crypto exchanges where it came out, you know, not really in The US and, you know, they're doing it. They're…
- 0:54:38 Dave Yeah, man. Now then any take any take on the the exchange stuff by bid or or, like, some of these crypto exchanges that are being now added to the quote watch list?
- 0:54:50 NatNat Yeah. So I think with... We saw a lot of exchanges pop up, like, super fast during, like, that... What was it? Twenty twenty twenty one, 2022 boom. And I think a lot of them didn't follow the accurate procedure because…
SEC ends its three-year investigation into Hero Systems, outlook for Stacks and Welsh
- 0:55:35 Dave Let's go. Let's go. Alright. Let's shift gears for one quick second, because I I lightly touched on this, last week. You guys know how big I am, obviously, in the stacks ecosystem. We saw stacks all over the place…
- 0:56:45 Dave Yeah. Just so everybody knows where Stacks is coming from. Right? Like, on... Literally, like, a week ago, July 7, the low for Stacks literally hit a dollar and 12¢ at the low for that day. K? Stacks is currently…
- 1:01:27 Kool No. That's that's big news, man. I I I actually saw this. I... It totally crossed my mind on my space. I didn't announce this stuff. But, yeah, I I did see the news about this. Actually, Stacks is the only... Probably…
South Korea delays its crypto tax bill until 2028
- 1:09:25 Dave Oh, let's fucking go, Nat. That's music to my ears right there. That is music to my ears. Okay. Not not the last story, but, like, one of the... I know we got twenty minutes left in the show, but this story I thought…
- 1:12:39 NatNat The way I see it is that maybe this could be a push to bring more individuals, more crypto friendly projects, more crypto investors to South Korea being that there will be no tax on it for a few years. So you never…
- 1:14:10 NatNat Not sure if you heard what I what what I said with regards to the whole South Korea thing.
Government Bitcoin holdings ranked by country
- 1:14:39 Dave So I need to understand exactly how much South Korea actually contributes to the overall crypto market because, cool, I think I disagree with you on this. I think that South Korea makes up a big chunk of the volume…
MicroStrategy 10 for 1 stock split and shorts getting hit
- 1:19:02 NatNat Yes. So, actually, MicroStrategy, they're doing a 10 for one split, which is going to be trading on August 7. So I think right now, it has room to go. And if anyone has missed the MicroStrategy vote, yeah, after the…
- 1:19:49 Kool Imagine how many people lost money today. Imagine that. These are supposed to be so called super trader, institutional money, super big brain Wall Street trader. They are getting destroyed right now. Anyone that showed…
- 1:21:31 Kool Yeah. It's be it'll be on the... I'm just giving you... I'll give you an example. It will be a $100 per sponsor. It it will look it will look cheaper, but the market cap is still the same. So people will be more…
Meme coin roundup, Trump tokens, and closing recap
- 1:24:04 Kool She she summarize that here, man. I don't know if she is somewhere. But, yeah, man. Midcoins, man, they're popping off, man. I'm looking at telling people to go and get them real quick, man. So... Yeah. So, man, this…
- 1:30:10 Kool Oh oh, no. I I do agree with you, boss. So the the... This is what happens. Right? What happens is we need two things. You need to play the... I do play out games sometimes, which is the... What are stuff called on…
- 1:32:40 Dave Let's go, Gerald. I appreciate you, my boy. Yeah. Junie's probably got a recap today, though. Junie, I'm sorry about the the opening one, but if you got a closing monologue for us, we'd love to hear it at this point.
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