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Episode · Jul 16, 2024 ·

ATC: DAVE & KOOL TALK ALL THINGS CRYPTO: ELON PLEDGES $45M per MONTH

On the mic

Summary

0:03:23

Market Sentiment Still Cautious

Kool said people do not trust the current rally, despite strong price action in tokens and NFTs, due to PTSD from recent years. Dave replied that lack of trust makes him even more confident. The group bantered about Metavision and Zima, while Kool urged earlier promotion for the daily show.

0:10:56

Bitcoin Case and Altcoin Action

Dave had Junie make the case for Bitcoin reaching 300000 soon, citing institutional adoption, post halving bullish sentiment and expert predictions. Kool and NatNat discussed Pepe pumping 30 percent, likely from big money ahead of possible VanEck index inclusion. They covered XRP and XLM moves, with NatNat noting her long term belief in XLM and Cardano, while Kool stressed mastering one blockchain like he does with Celestia and highlighted the Nike meme coin win on Cardano.

0:10:56A pump.fund-style platform being built on Stacks ahead of the Nakamoto upgrade

0:22:50Earning crypto rewards with the Coinbase card

0:30:20

Hermetica USDH and Coinbase Tease

Dave highlighted Hermetica launching USDH, a Bitcoin backed synthetic dollar on Runes, that can earn up to 25 percent yield when staked, averaging 16 percent. NatNat called the yield impressive compared to Robinhoods 5.5 percent on cash. Kool and NatNat reacted to Coinbases cat GIF teaser, guessing a Popcat, MOG or MIA listing, with Kool favoring Popcat due to its market cap and recent performance.

0:43:10

Market Makers and Stripe News

Dave explained how market makers earn the spread on exchanges and why they prioritize volume, using his past experience and the Shiba Inu listing example. Kool and Dave agreed Popcat was the likely Coinbase listing candidate. NatNat asked about potential airdrops for those who mint the GIF, while the group discussed Stripes move to accept crypto payments across the EU via card integrations, calling it a gateway to mass adoption.

1:07:24

Big Money Behavior and Elon Pledge

Kool described how big money buys during fear like after FTX and sells when retail is bullish, using examples from past cycles and the housing crash. Kool tied Elons 45M per month pledge to Trump to regulatory relief for his businesses, noting many tech billionaires shifting support.

1:07:24Big money buying during market fear and slow institutional moves

1:20:13Using a due diligence checklist and looking past your comfort zone

Moments1:13:34

Key quotes

“I love that. I love that they don't trust it because that makes me feel even that much more confident in me trusting it.”

Dave0:05:45Share on X

“kinda goes to my saying all the time, which is, you know, master your blockchain.”

Kool0:26:12Share on X

“I feel like this is the gateway to mass adoption. We're seeing it live.”

NatNat0:55:19Share on X

“They say that, like, 99% of crypto doesn't succeed. Right? But, like, the ones that do, those are gonna be, like, the monoliths that our kids and grandkids, like, hear about.”

TTheJohnCarter1:03:26Share on X

“Just because the token is in the top 10 or 15 or 20 in terms of market cap, what does that mean?”

Dave1:20:13Share on X

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Show discussion, not financial advice.