On the mic
Summary
All Things Crypto returned after a break. Kool opened with a recap of the Bitcoin conference in Nashville, describing Trump's appearance, talk of a Bitcoin treasury reserve, and the money flowing into politics from the crypto industry. The panel then took up the Lumis strategic Bitcoin reserve bill and the idea of paying off the national debt. That led into a wider talk about the weakening dollar, Japan, the BRICS nations and who holds US debt. Next they looked at reports that Tron is now earning more daily revenue than Ethereum, driven by USDT use outside the US, and at the SEC dropping Solana, Polygon and Cardano from its securities list in the amended Binance suit. The show closed with Polymarket's $1,000,000,000 in all-time volume and its election betting odds, then advice for newcomers on allocation, staking and patience. All of this is discussion, not financial advice.
Chapters
Kool recaps the Bitcoin conference in Nashville: Trump's speech, Bitcoin treasury talk, Hong Kong, and crypto campaign fundraisingMomentAt 0:05:01 on X
Opening recap: $20,500,000,000 in digital asset inflows year to date, Polymarket, Tron revenue, SEC and Solana, Hamster Combat airdropMomentAt 0:16:58 on X
Lumis strategic Bitcoin reserve bill and the math on paying off the national debtMomentAt 0:18:36 on X
Kayla asks about buying the dip; trading volume, starter positions and support levelsMomentAt 0:25:41 on X
Gold Rush on RFK, the Tennessee Valley Authority mining Bitcoin with nuclear power, and the dollar's buying powerMomentAt 0:28:44 on X
Dollar depreciation, Japan defending the yen, and the BRICS nations moving away from the dollarMomentAt 0:36:28 on X
SEC amends the Binance suit and drops Solana, Polygon and Cardano; Fair Shake super PACMomentAt 0:47:37 on X
Polymarket passes $1,000,000,000 in all-time volume; Trump vs Harris bets reach $445,000,000MomentAt 1:07:16 on X
Advice for returning investors on allocation, avoiding rugs, and "stake and chill"MomentAt 1:24:24 on X
Key quotes
“the US dollar is depreciating while Bitcoin is appreciating to historic levels.”
NatNat0:36:28Share on X
“Whales are not here to make us rich.”
Kool0:53:21Share on X
“And now it's like, hey. We need you to go talk to your clients about how to sell this now. Right? It's like a total flip.”
A. Orito Goldberg ⚒️0:58:07Share on X
“compound interest is the eighth wonder of the world. Those that use it will earn from it. Those that don't understand it, they'll pay it.”
BBenny Lee1:05:14Share on X
“The coolest thing, right, at the moment, at the end of the day, is not what's gonna make you money. It's not. What's gonna make you money is the consistency.”
Dave1:05:39Share on X
Excerpts
Kool recaps the Bitcoin conference in Nashville: Trump's speech, Bitcoin treasury talk, Hong Kong, and…
- 0:05:01 Kool Oh, man. What's going on, man? It's been it's been a while. We've been off for a bit. Yeah, man. Welcome back. Welcome back. Welcome back, man. It feels good to be back, though. It's just... Yeah, man. The conference…
NatNat back from vacation and a Bitcoin vs QQQ cup and handle chart
- 0:12:13 NatNat Man, vacation was so lit. I came back sick. It was amazing. It was awesome. It's always good to spend time with family. Man, irreplaceable irreplaceable, irreplaceable moment. What I really did like though is, you…
- 0:14:03 Kool Yeah. Nana, where'd you where'd you go for vacation? Where where'd you go?
- 0:14:40 Kool Dave, I I keep saying to you all the time. Don't don't let people's followers fool you, man. There are people here with 20 followers with going on yachts, man, have a 100,000,000 in their wallets, bro. What... The…
Lumis strategic Bitcoin reserve bill and the math on paying off the national debt
- 0:18:36 Dave Thanks, Junie. Much better, and welcome to the party. It's good to have you back. Let's go. Did y'all hear that? Tron making more money than Ethereum? Is there a new king of the hill? $20,500,000,000 into digital…
- 0:21:11 Dave $13,000,000 Bitcoin, right, would give us... With 21,000,000 out, like, given, you know, total supply of 21,000,000, that would be looking at... I think it was somewhere in the neighborhood of, I think…
- 0:21:57 Kool 1.3. So that's $255,000,000,000,000 trillion dollar market cap. The... People... That... Yeah. That's... So so the the the reason why you need do this kind of numbers because then it makes sense to you visually. So…
Kayla asks about buying the dip; trading volume, starter positions and support levels
- 0:26:00 Dave Listen. 69,000, 63,000. Ah, that's a few thousand dollars amongst friends. We're gonna be talking about this in a couple years. We're like, ah, fuck. Remember when you said, oh, I was gonna buy in, and we were debating…
- 0:26:51 NatNat On... From a technical standpoint, though, if you look at the four hour chart, there is a chance that it goes down to, like, the 48,000 area and then bounces up. So I don't know if if you know about starter position…
- 0:27:36 Dave I'm gonna go out on a limb and say, you're gonna miss the boat, Kayla. Fomo. Fomo. Fomo. Buy everything right now. It's going to the moon. Okay? I'm telling you, I made the call on my Twitter account. It's gonna…
Gold Rush on RFK, the Tennessee Valley Authority mining Bitcoin with nuclear power, and the dollar's buying…
- 0:28:44 A. Orito Goldberg ⚒️ Thank Thank you. Yeah. It's nice to be here. You guys all seem really cooled up. So I I guess the the comments... I... It started with Cool talking about the Nashville thing. And and, you know, I just... I I just…
- 0:29:56 A. Orito Goldberg ⚒️ 20% of the supply. Yeah. You're like, he wants to buy 20% of the supply. And in terms of doing this math that was just done a moment ago, I have to remind everyone that the cost of the dollar, like, the buying power of…
Government Bitcoin wallet movement and who holds US debt
- 0:31:16 Dave see what they're doing behind the scenes now? All of a sudden, the Biden administration just siphoned off a, okay. No. But a cool 2 billy to another another BTC wallet quietly in the background. And people were like…
- 0:32:46 Dave Is it really held by US citizens? I feel like it's almost held by foreign entities. I feel like China is the biggest holder of US treasuries, isn't it?
- 0:33:25 A. Orito Goldberg ⚒️ Well, the reason it's so easy to do that the reason it's so easy to do that is because the majority of the holders of that are dollar denominated citizens of this United States, so they don't notice
Dollar depreciation, Japan defending the yen, and the BRICS nations moving away from the dollar
- 0:36:28 NatNat And and this is all bullish for Bitcoin because if we if we were to compare the appreciation or the depreciation, the US dollar is depreciating while Bitcoin is appreciating to historic levels. So to your point, Ku…
- 0:37:48 Dave Yeah. Great point, Nat. That is a huge point. I think, like, that's exactly what... Like, from what Cole said to what you said, like, when we're talking about moving away from the US dollar, like, if p... If you don't…
- 0:39:12 A. Orito Goldberg ⚒️ Oh, I I guess... I forget what point I wanted to make. So you can go ahead move on to the next story. There was something that... Something she just said triggered me. It made me right in my head. But... Shoot. Yeah…
Tron passes Ethereum in daily revenue; USDT usage outside the US
- 0:39:27 Dave You're good. You're good. Yeah. I'll come back. I'll come back. I'll come back. Alright. Let's get on to the next one because I found this one super interesting, and I'm really curious to hear what you guys have to say…
- 0:44:19 NatNat I think this is huge for Tron, but it's like Cole was saying, if we live in The US, we're kinda, like, as open as The US is, we're kinda, like, secluded or we live in our own bubble when it comes to, like, the rest of…
- 0:45:32 Dave Let's see. I mean, if the if the revenue numbers are there, it could be could be an interesting play to watch. Very interesting. Put that on your watch list, ladies and gents. Gold Rush, what's good?
SEC amends the Binance suit and drops Solana, Polygon and Cardano; Fair Shake super PAC
- 0:48:17 A. Orito Goldberg ⚒️ Hey, Nate. Cardano was on there too, and they're off there now as well.
- 0:48:20 Dave Oh, I didn't see Cardano. I saw Matic and and and Solana for now as far as the amendment goes. But let's... I mean, I hope Cardano's on there. But, yeah, SEC removed Solana from its list of securities. What kind of an…
- 0:53:00 Dave I think maybe cool. We actually spoke about... Don't if it's last week or the week before, but it might have been one of those days, I think, that you might I I don't think you hear you might have been prepping for the…
Goldman Sachs comment on Bitcoin as a store of value; Series 6 and 7 advisers
- 0:54:45 Dave Yo. And this just crosses the wire as of literally thirty seconds ago. Goldman Sachs CEO says bit... Now if y'all remember what Goldman Sachs has been saying, first, we had BlackRock come out and say, I was wrong…
- 0:55:38 A. Orito Goldberg ⚒️ Keep in mind that Roth Roth kinda set the narrative with Silk Road. Right? I mean, so that's what gave them a leg to stand on with all of that argument. But now that, like, ETFs are happening, like, it was their…
- 0:59:48 Dave that And listen, Goldrush, I'll tell you this much. Right? Like, I just saw another story that just crossed the wire in about about, like, two minutes ago that's talking about how zero knowledge proofs are actually…
Benny on Cardano, Tron staking 2.0, and staking in your own wallet
- 1:01:39 Benny Lee Oh, y'all gonna put some respect on Ada, man. Y'all gonna keep y'all keep forgetting about Ada, like, it's the redheaded, freckled stepchild. And y'all don't see y'all don't see
- 1:03:50 Benny Lee Yeah. John came in here with the sauce, but today, talking about lending, borrowing, collateral, and I'm like, bro, this is what Charles been talking about for a minute, like, using, you know, credit and borrowing and…
- 1:05:39 Dave Hey. You know it, bro. You're well aware where you're like, that's it. It's boring. And for those that are out there that are massively impatient jumping from position to position, stop it right now. Stop it right now…
Polymarket passes $1,000,000,000 in all-time volume; Trump vs Harris bets reach $445,000,000
- 1:07:16 Dave Let's go. Let's go. Let's go. Good stuff. Alright. Next story. Man, this Goldman Sachs news. There's so much fucking news out here. Let's talk about Polymarket for a second. Guys, we got about, like, twenty, twenty…
- 1:12:18 Dave For those that don't know, you better... Benny's nickname is Benjamin Button Down. Alright? So, like, you better, like... Everybody better understand what this boy is doing out here. Okay? That's the new name, Benjamin…
- 1:19:46 Benny Lee Oh, yo. You're talking about you're talking about search bans on Google and stuff. Oh, for sure. Facebook Facebook too, I heard.
Advice for returning investors on allocation, avoiding rugs, and "stake and chill"
- 1:25:59 Kool Yeah. It's it's it's it's... It honestly is simple, but what what I... What... This is what I'll say. Right? So as long as you know right assets, if you look at the growth of the industry from zero to over…
- 1:28:45 Dave That's it? The turtle won the race. The tortoise and the hare, the oldest analogy in the book. 67, I'll say this much. Right? If you got burned that bad, I think I would... Like, the thing I would look back at is maybe…
- 1:30:59 Dave You'll get there. Yeah. Just keep keep keep up on it. But, guys, we are on the hour. I just kinda wanna give cool... Any any last... Benny, great takes today, bro. Thank you for coming up, coming through, and and…
Short excerpts from the auto-generated transcript. Listen on X for the full show.