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Episode · Jul 23, 2024 ·

All Things Crypto: E-Sports Olympic Sport? $ETH ETFs & $BTC ready

On the mic

Summary

0:05:01

Bitcoin Conference Buzz Goes Bipartisan

Junie opened the show with a rundown of stories including esports at the Olympics, Ethereum ETF day one, the Nashville Bitcoin conference, and OMI token utility. Kool shared that he moved to Texas and is heading to the Nashville Bitcoin conference. Breaking news hit that Kamala Harris may speak there, leading Dave and Kool to discuss if pro Bitcoin is now bipartisan with both parties seeking crypto donations and likely to ease regulations.

0:12:44Political fundraising from crypto

0:15:10A Senator Cynthia Lumis tweet, and buying the dips over time (DCA)

0:20:34

OMI Token Gains Utility on Base

Kool agreed this adds real utility and is a step toward mainstream blockchain use where people may not even realize they are using crypto.

0:20:34OMI token can now buy VeeVee digital collectibles on the Stacker marketplace on Base

0:27:33

Ethereum ETFs Debut with Mixed Action

Kool said several Ethereum ecosystem tokens like ENS outperformed and sees Ethereum reaching 5600 in coming months while viewing Solana as the next big opportunity. Kool zoomed out to stress long term regulatory tailwinds, crypto entering retirement funds, and ignoring daily price action from bots and traders.

0:27:33Ethereum ETF day one, Grayscale selling

0:33:10Pomp on CNBC selling his Ethereum for Solana, plus market caps and position sizing

0:40:23Zooming out, media coverage of the conference

0:46:19

Caution on Influencers and Super PAC Power

Junie and Kool explained why they are not fans of Pomp after he sold his Ethereum for Solana on CNBC, citing biased takes, hidden holdings, and echo chambers. Junie broke down the FairShake super PAC that raised 200000000 to back pro crypto candidates. Kool discussed crypto lobbying, past issues with SBF and Nigeria, and the need to be careful with big influencers.

1:08:24

Esports Approved for Olympics

Junie reported the IOC unanimously approved Olympic esports games starting in Saudi Arabia in 2025. This boosts Web3 gaming legitimacy, investment, and community for titles like Gods Unchained and Guild of Guardians according to Junie. Kool called it great real world adoption news that shows the industry becoming more legitimate beyond memes. A listener from Nigeria praised Kool and asked about Olympic impact while Kool reiterated his trading volume versus market cap rule for protecting gains.

1:13:01A possible ten year bull run like gold's

Moments1:08:24

Key quotes

“When was the last time you saw both sides of the aisle agree on anything, let alone in this short amount of time they're agreeing on crypto? That is craziness.”

Dave0:12:44Share on X

“All these little things are are are step closer to the day where actual retail people are using, different apps, but don't even realize they're using crypto.”

Kool0:25:14Share on X

“So zoom out, guys. Never ever look at the daily charts anymore.”

Kool0:40:23Share on X

“have patience. I'll say that again. Have patience. Okay? Let your strategies play out.”

Dave1:07:16Share on X

“When a token's trading volume exceeds market cap, especially by a lot, please sell something, man.”

Kool1:14:27Share on X

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Show discussion, not financial advice.