From Wild West to Wall Street: a different crypto cycle

Transcript

GM good morning welcome to the milk Road show The Daily crypto show where we've survived more Cycles than your favorite dive Bar's bathroom I'm your host Jay Hamilton it's Thursday March 27th and crypto isn't dying everybody take a deep breath we're going to be okay but we are going through a makeover crypto is changing the institutions are moving in and the rules of the game are changing whether you like it or not so the question that you should be asking asking yourself is are you adapting are you taking the steps you need to take to understand the new game that we are seeing and preparing yourself for the future we have joining us today selp shangari managing director of rising

capital of EC and liquid fund leading researcher in crypto and macro and fellow podcaster and writer to break this all down because he's got a great take on how you need to adapt in order to survive and thrive in this B run which is still on we're going to talk about that as well now if you guys want to talk to me and my team every day we got a telegram group I'm in it hit the link in the show notes join our telegram group we' love to hang out with you guys on a regular basis answer any questions you have have help you set yourself up to succeed in crypto and all your Investments for that matter today's episode is brought to you by definitive Advanced trading on every chain it's also brought to you by coin shift powering top crypto treasuries with

their yield bearing Sable coin CS usdl selp welcome back to the milroad show thank you Jay thank you so much uh good to be here again always a pleasure to have you my man your your takes are truly one of kind uh okay I'm G to start with the first the first question I'm asking everybody right now have we bottomed oh that's a that's a billion dollar question but uh I think uh the short answer is I think not but never say never but but but I think there is little bit more pain to come uh but let me let me walk you through why why we think that the bottom line is Bitcoin is a macro asset now and and you have to

put that in your head that Bitcoin is a macro asset and it's more dictated by what happens in the macro world uh how trade fire reacts to macro how equities react to macro how geopolitics react to macro and then how Bitcoin reacts to all that and and to to understand is this a bottom or not I think we need to understand what macro is and macro today uh if I have to compare it to last year last year was all about fed and fed was all about unemployment or rate cuts and and this year yes fed is still there but but if you think about it we we hardly talk

about fed these days uh in fact we talk more and more about Trump and tariffs and Dodge and that is where Ma has moved too and yes you you you have to have one eye always on what fed is doing what they're saying but but the uncertainties that Trump has created uh is what is dictating macro now the first one obviously is tariffs and uh tariffs go live on 2nd of April as everybody knows it's uh it's anybody say what will happen but so far it looks they're going ahead uh they're also going to be reciprocal tarff and that's why I said uh there there could be a little bit more pain markets

could react uh to when when the reality kicks in and and combine that with the Dodge austerity a payroll numbers uh the first numbers the the real first numbers will only come out in the April payroll uh which which might also uh uh dictate uh where where this economy is going and on top of that you know top of all that we have that six seven8 trillion dollar worth of debt that needs refinancing this year uh which is again lingering and Trump is pretty much doing everything around that Dodge is doing everything around that uh so I think little bit more pain is there

but I also think that that is that is probably the best time to buy those dips and the reason I I say that is because Trump is no fool Trump's been there done that uh he can he can take more pain uh little bit more pain but he knows that if he pushes it too far you know he he's going to Lo lose all the support he has around uh all the all the states that he has won and and next year you have midterm elections so so I think in the next 3 to four months Max he has to start re vering his t or if the market dips too much which in my opinion is

another uh 5 to 6% I think he will start reversing his St you're already seeing he's talking less you're already seeing he's talking more about stability he's already uh trying to calm the markets but but he's okay with little bit more pain so so so so that that's the long answer I think macro it Bitcoin and I think we have not seen the dip set also if you look at onchain technicals you look at open interest negative funding etc etc everything is not back yet the smart investor is just not back yet yeah so and and the retail investor is scared shitless right now and could not have any different like the the sentiment on

the retail side is very bearish the institutions are waiting they're still they're on the sideline I think they're coming which which we're going to talk about uh and if you look at you brought up Trump last time he came into office S&P dipped 20% we haven't we haven't dipped 20% yet so you think you think it makes me think yeah there could still be some more pain to come plus I don't see any short-term catalysts right now like what's your when you look at Q2 you know q1 was not what we all expected but I think we all have adjusted to the new regime and the new policy and the monetary policy that Trump is bringing in we're I I shouldn't say we've

adjusted we're getting the markets are adjusting we're getting used to it what's your outlook for Q2 yeah as we as we enter Q2 we are already seeing a weaker dollar and and yields are low and fed has already uh massively reduced uh is QT program to uh from about 20 to to around five now and and and I think we we might be having a very good Q2 the early signs of financial easing are emerging although it's too soon to call I mean we we might not have a fullblown risk on season but even if we see a little bit

stability which I think we will versus q1 uh crypto could massively enjoy from that the reason being that there's lot of peripheral good news coming I mean yesterday alone we had GameStop saying we're going to buy more or we're going to buy Bitcoin for the first time uh we have meta Planet buying more we have all these good news from The Regulators almost every day they're taking back all the SEC cases under Gary G's command you know like like yesterday alone we had we had IM mutable I think go God the relief from SEC ET so so so there's a lot of good news baked in in crypto any signs of I I don't even want to see QE right away in in Q2 I think any signs of

ability or or No Nonsense from Trump and we could easily go back to 100K although to to get there we first need to see decisively a close above 92k which is onch shortterm holders profit level okay I want to touch on a few different things here U one do you see this as a start of a bare Market or a bull market pause what's your take there you mean this entire time I I think I think it's a bull market correction and and I have written that in my newsletters also we have we have come off by like 25% approximately

here and there along with what's happened in macro I think I think that that's that's a correction I would start worrying about bare Market uh once we go below 72k 70k but but having said that below 78 76 is where we we should be start to desay no no Financial advice D but uh but 65k is kind of the Nader Nader where where I think uh we uh that that we we hold uh also that is the break even for micro strategy as well I I think we've already kind of reversed from there and now I don't think we're going that low again like 65 feels too

low now like maybe we even below 80 feels like maybe high 70s maybe but I don't know I don't know I don't I I agree with you also also you see people people did not catch this Rally from 78 to 88 right so so next time we go back below 80 everyone's gonna come in and and buy again uh and and they've already prepared their list of those top 10 altcoins they're going to buy starting with fcoin uh which jumped like 100 200 % you know so so meme coins will talk about that later but but yeah that's that's my uh take what let's just the the the US debt problem let's just talk

about that quickly because that is the that problem's not going away right that needs to be solved and there is a deadline to refinance that debt a good part of it I think 7 trillion of the 9 trillion they have to refinance this year 7 trillion of it has to be refinanced by the end of June what's your take on that so I think I think everyone in the administration uh and fed and Congress is worried about it it's not just Trump because you know if if debt falls apart US dollar falls apart and everything falls apart and and all these people in in power you know lose their power so so so it's in everybody's interest to find a quick

solution uh Trump uh uh definitely is is in a very uh T tedious position here but if you personally ask me I think I think he's done a decent job so far and now now answering your question on the on the debt uh and and let's start with fed fed for example you know they they they they've already decided to roll off their monthly treasury from 25 billion to to just five billion you know that's that's an extra 20 billion a month seeping back into markets right so they they're already saying okay we're going to inject this indirect liquidity the debt sealing drama that that we had you

know because with the resolution on this dead ceiling the US Treasury will also start to need to unleash a new flood of bonds to refill cash Reserves at the TGA and but someone has to buy the debt I mean the question is who's going to buy there's no China there's no Japan there's no Russia uh so who's going to buy this uh debt and and uh you know previously that we had the reverse rippo buffer which was which was around a$2 trillion do safety that's also depleting fast so the only only people left to buy is fed and that's why fed is doing what fed is doing you know reducing their quity and coming into the liquidity fed also knows they have to buy otherwise they have no job so so and and what

Trump is doing by increasing the revenue trying to give an image that yes our debt is in control listen we have we have reduced our deficit by from 2 trillion to 1 trillion Etc our interest payment sorry that's why I say markets have kind of bottomed but we could see one more dip two more minor dips uh but but if there is a sharp liquidity crunch everybody in our minds we already know fed is going to come to the rescue and and the money money printer is always there so so let's not worry also also who who's who's competition there's no competition it's uh it's only us you if if let's say you're a billionaire today where you going to put your money

uh you could buy gold but how much physical gold you can buy you can buy will you go in Europe and invest probably a little bit because it looks cheap not anymore this year has been great would you go to China probably not would you go to India probably not so us is the only Market to be honest so so so that's why I think this fat circus of clowns continues and and nothing's going to happen it's just just a small blip in fact I would say perfect time to accumulate SS if you're only trading on centralized exchanges then you're not going to make it the best Traders know the alpha is onchain definitive founded by coinbase

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hold basic stable coins earn yield all without compromising security backed by regulated real world assets and secured with institutional grade risk management by our friends at steakhous Financial put your treasury cash to work earning native yield and protocol rewards built by the team behind coin shift which is trusted to manage over 1 billion in business treasuries on chain including a gitcoin and hundreds of leading instit institions cycs usdl is gaining traction at milo.com coin shift uh what about um just a few more macro topics before we move on uh and I want to talk about altcoins as well yeah

jow uh talked about uh the loosening of the supplementary leverage ratio can you explain that we talked about this with Arthur Hayes earlier this week and this is a really an important say that if he does this this is how we can one way that he can really ensure there is a buyer for us Deb yeah so you know I I I think again what we were talking earlier the question first is why why is J Paul doing this why why the supplementary liquidity ratio he wants to move the way he wants to move the reason is again very simple you know he's he's already preparing for a liquidity gush com to

the market with with RRP not working with or or depleted markets getting tight consumer confidence going down he knows this is coming so so he's the simple answer he's just preparing for it uh I uh I'm I'm great friends with Arthur but sometimes I don't agree with him and and that's why we are great friends and and have been for ages but I think yeah I think the simple answer is that the market is is just preparing for it and so is J power okay let's talk about altcoins so Bitcoin you're feeling good long-term bullish shortterm unclear range bound it feels like right now uh what about altcoins uh are you

buyings like are you buying all coins right now are you uh what are you doing in in your liquid fund are you f where do you see opportunities are you thinking are meme coins dead and done are they going to come back I know all coins is probably like ask you know what do you think about roughly uh 10,000 to 8 million tokens depending on how many how many tokens you include in that so am I allowed to give a long answer for sure okay great so let's let's understand what's really happening in the market today yeah what is the market reality here the market reality is that I've been here for 11 years and and I've seen gradually you know dayto day you don't realize but but when you

sit down and look back over the last 11 years and you are like oh my God this is it used to be Mount gogs and then the Ico season and then suddenly out of nowhere D5 came and we had nfts and nft became gaming gaming became meta wore etc etc but up until 2024 early 2024 the the game was very clear whenever the market moves Bitcoin will move uh for for cowboy reasons and and Bitcoin moves and that money then flows to alts starting with ether and Etc ETA but with the Advent of ETFs last year the entire game changed institutions came in at that time we

didn't realize how how big it was I think by middle of last year you know in September when when we had that little dip or a big dip we we realized that institutions are going to dictate from now on I was I was very clear they're playing Arbitrage game uh you know they Le the hedge funds are leveraging themselves they're borrowing from the Banks Banks are borrowing banks have an infinite supply of of money from the money market funds and from the fed and they're giving it to hedge funds who are arbitraging between Black Rock and CME other ETFs and CME and and that that's the game and and the DJ is getting very happy oh there's a billion dollar into ETFs or today there's half a billion

dollars into ETF you know but the reality was that it was a pure 50 60% of that was pure Arbitrage we wouldn't know the exact numbers but but that's my estimate that's what we saw in September evaporate and and at that time uh I I wrote about it a lot during that time and and later on in the newsletters as well that that this is going to happen again so so be be prepared that first sign of financial unease and this smart money they they they shoot first and ask later so so they're just going to run away and that's exactly what what happened right now so what I'm trying to say is that from that cowboy you know Wild West we have moved to a Wall Street

business now and and the thing is that all this money coming temporarily into ETFs or long-term Pension funds or corporates or micro strategies of the world they're not day Traders these guys are just going to hold their Bitcoin in those ETFs so the money is not flowing to altcoins the new money that is coming in is not flowing and there is no new other demand coming into these old coins on top of that to make things worse we have I think I think another2 to $300 billion dollar worth of new tokens coming this year alone so there's where's that demand going to come from since now Bitcoin like we said is a macro asset

and now it is also institutionalized what happens to alts and that was your question you know what what what about alts I think once we see this liquidity gush come back from fed Trump starts to stabilize the markets and and which I think will will happen sometime in in Q2 end of Q2 or or even before that I think that is when in in about Q3 perhaps after the holidays we will we will see Bitcoin rally back and obviously alts will get a life we saw that mini season in the last 3 4 days with Bitcoin jumping from you know 80 to to 88k and and alts are not going anywhere gamblers

will stay gamblers deons will stay deons meme coins are not coming going back uh we will we will obviously start with the top two three like fcoin and and and uh you know I'll not go into jelly jelly today but but uh but but then we'll we'll have we'll have uh uh you know suddenly there'll be a Murad season back and suddenly there'll be a Solana season and some Tron or sonic season will also come in there we we it's it it'll all come back so I think I think be patient today first today ask you know the second question you asked is what are you doing in your liquid fund I think I think we are first of all we're accumulating SATs below 78k you know we

we bought a big chunk below 78k we'll continue to do that wherever it goes from there we keep on dcing in because I would rather buy cheap SS than than you know buy at 95k uh second we are uh you know few Revenue producing alts I think uh Solana is a great buy at these levels uh we've always been big proponents of Solana I think more so now it clearly has a shot at the ETF it still has apps it's still has transactions and like we said meme coin season will come back and it'll be still on salana you know let's not fool ourselves third uh I think uh some Revenue producing apps like like we are we are we are quite positive on hype I think I think hype

hype at these levels makes perfect sense to to be in and and that's what whatever is happening uh the the drama around centralization decentralization doesn't matter at all because the users don't care you are centralized or decentralized and and within 15 20 days everyone will forget and the way they have handled it the way they're making money out of it is is is is amazing uh you know on the all side uh on the narrative side I am personally very bullish still on AI I think AI is already touching everyone's lives now I don't know if like all other crypto narratives be NFD gaming you know etc

etc is it really going to affect real people's lives because after 10 years we have nothing to show to the real way but but is but I I think I think crypto AI does make some sense as long as that AI narrative remains I think the crypto AI narrative will also remain and that's where few coins you know you can you can look at outside that I keep on struggling to make a narrative out of rwa or deep in or or all the Hot Topics some will do well definitely they'll do well but but not for good reasons C it certainly feels I agree with a lot of what you said

uh feels like rwas and stable coins are two things I really will say what you said one is really I really buy into this shift from pumpamentals and Vibes to fundamentals and a focus on the revenue generating protocols and the r regenerating products and there's there's some great projects that are generating real revenue and have a a have have a lot of stability a lot of fundamentals to back them up and look like they're on a path to be you know maybe maybe crypto's first billion dooll business right like we've all been

waiting for that whether it's def5 most likely it's going to be a defi business but a business that can actually say hey yeah we're making a billion dollars a year in revenue and it feels like that could be stable coins rwa is also happening quite stable coin is just way ahead of the rest of rwas right yeah so it feels like right now that now obviously there's less of an opportunity to invest in stable coins you can't invest in usdc you could buy coinbase and kind of have have exposure to usdc to have Circle to exposure to Circle that way or you could or you could go into the decentralized stable coins like like a sky or an Athena the yield bearing stable coins which also seem to

be doing well what's what's your thought on on stable coins rwas I know you mentioned that you're not sure if they can catch narrative I agree with the it's hard for like so far stable coins haven't really ever caught the narrative have they like not from a you know like it's it's not it's not exciting to the average retail investor they're not pumped on stable coins and and they're isn't as I said there isn't as much exposure opportunity in terms of the tokens you can buy absolutely like like I I think uh you're absolutely right stable coins I I I don't even consider it a narrative is is is more of a payment infrastructure rail where where

only VCS and and stripe kind of companies can buy companies and and expand and provide that infrastructure it's not for the Deion there's no ETF around stable coins that that institutions can participate uh it's more how visa and MasterCard think about it you know how strip thinks about it how you know secular companies are are building their thesis around it some call it the the killer app and and truly you know it's it's really worked uh in in removing the middleman and and uh you know making it quite cheap but but definitely not a narrative in my opinion

so so I don't think much about stable coins except that they're here to stay and they keep on expanding and and make our lives more easier uh when it comes to narratives like rwa uh it does in theoretically it does make sense but but think about it uh uh let's take Ono for example you know we we we are you know we were not associated with Ono or or any one of them for that matter but what utility is Ono really providing that I can't get in the trade five world I can still go out and and on my account get a 5% Direct on us treasuries why do I need to go through so many Hoops of of Ono and then

the Ono chain ethena yes ethena again it's more of a stable coin than rwa but but it's is they're trying to innovate something and we have been big proponents of Athena I love Athena you know we have some decent positions in the past uh and and at these levels it again looks very very attractive but but I'm always worried about uh you know after Luna I think I think one eye on that uh smart contract risk execution risk is always there so personally if you ask me as a liquid Trader I have to play the game and when I say I have to play the game I if a Fondo is at great price I will buy you know and and if uh

it makes me 100 200% thank you very much and I'm out but you know but but uh if you ask me is it going to be the killer app of of the future sorry no it's interesting that you there is this merger crossover that is happening for the large decentralized stable coins like sky and Athena slowly getting in into rwas and kind of playing at the intersection of them which I think is really interesting the thing that really interests me is private credit coming on chain there is so much there is really great yield in private credit that most

investors cannot get access to retail cannot get access to that credit to that yield and if you bring that on chain which is already happening that's like one of the fastest growing parts of rwas right now is private credit on chain that feels like okay now maybe we can have a way to have sustainable high yields on chain that could you could start you can see where sky and Athena are going with their flywheel in the future and that gets me excited definitely so for the short term it does get me excited like I said we are we are Traders at the end of the day but when when somebody says it's a permanent flywheel which is which is

going to give great yields in the future let's let's remember two things when it comes to onchain world one is obviously the smart cont contract is which is okay but more than that all these all these projects are are sponsored by VCS and VCS have v v VCS are only there for their exit strategy so all these early investors are are going to do a token and get out and the the the and and eventually these coins are going to become VC coins and once the air drop or the early hype is over then then the coin kind of f out Etha continues to build and develop but look at the token price and look at the

Mind share they have today versus what they had last year I'm still very bullish like I said on on ethena these prices but I think that that VC coin risk is still there and and then the second part of the private credit is is the default risk private credit by default is private credit right so so how do you I I don't know how is it different in onchain world like like I'm I'm I'm taking or giving private credit to someone and then just putting it on chain in fact I'm I'm increasing one layer I'm not getting better rates the better rates I'm getting are in terms of token and yield appreciation which which

in my opinion there's never a free money there's never free lunch right so again as a the market has not proved it I I I I would love to be proved wrong I want something to come out and blow everybody's mind but it's not there until it is not there I'm I'm I'm going to go with my Trader Hat by low cell High okay you mentioned and we talked about this throughout the episode this this shift that is happening the game is changing institutions are here they play a different game than we've than the retail and the DJ and the ogs that have been around since the beginning and through the last few Cycles uh what's your advice to Traders and investors how

do you adapt to this new world different actors in this game you know they developers they are Traders they are investors uh and then there are infrastructure providers uh be exchanges or be the market makers and and other infl providers for for for investors I think clearly the the ones sitting in the US have a very clear Advantage where they have access to most of these deals and regulation is coming clear and the bigger you are you keep on attracting more money and you keep on playing the AUM game and you're always raising funds you know I'll not name anyone but but that's what's happening but but if you

if you really go deep down none of them are even close to beating uh the the Bitcoin returns right which is which is basic same goes for the liquid some of them don't even beat the S&P returns a lot of them don't P the S&P exactly so so what what is my advice my advice is that guys yes you you're in a very good position obviously now now you are a billion dollar or half a billion dollar fund the only thing you can do is invest 50 to100 million check in in in uh in l1s and l2s otherwise there's no way to make return so I think that they're in a very precarious situation and most of them that's why are now trying to do a side pocket into a liquid fund or or creating another

liquid fund but those liquid fund returns also I've seen are subar in 2024 and I'm not even talking Q one of this year yet so I don't know the answer but definitely I think liquid fund is is easier more liquid way because at least investors can get out if they want in know VC fund LPS can't get out for five six s 10 years sometimes uh second thing if you're a developer uh the developers are not going to today if you're a developer from you know just just recently uh came out of college uh will you go to crypto or AI definitely AI so so I think I think the new developers are not coming so new funding is not

coming there'll be less projects in the future which probably is a good thing not not a bad thing so we are we are seeing a great migration from web 3 to to to AI uh infrastructure providers will will keep on building you know there's some Builders were just tuned that way they'll keep on building and that's what we are we are we are seeing more you know today you have the hype on hyper liquid tomorrow you'll there'll be some other purp or a DEX on Sonic and you know then then there'll be something else something else and again as a Trader your job is to not get emotionally attached to these things and that's where retail Deion needs to I think understand yeah it's a it's it's a it's a changing it's a very we are going

through a shift for right now that I think is bigger than most of us really realize yet and as investors our job is to you know we got we have to look at the present and understand the present right we did a great episode yesterday with HB from D dragonfly where he talked exactly about this right the you know can't predict the future just try to perceive and understand the Pres as best you can and make decisions and it is very clear that there's a shift happening does this say to you that the old days of you know 100x gains and everything going up are over or like I I guess what I'm asking like are you leaving crypto you know

like you when we have these conversations you can get kind of bearish right like um even though it's we're not necessarily saying we're bearish but you kind of feel like oh like the old days I like the old days you know um does it mean you're leaving crypto and GNA go into and focus on other markets do you think that that shift is going to happen in a big way or do you think it's just going to be it's it's just going to be a harder to play the game when you're playing against the institutions very good question short answer is I've spent 11 years in crypto I'm not leaving crypto this is my strength and I just I just try to learn the game as it changes and adapt myself and and play that new game as and when

it happens and and that's true for every industry we had a very different tech industry in 2000s and then 2010s and and and today uh and AI was very different two years ago and it's already very different today so so you adapt you you don't just you know leave your strengths and and leave having said that 90% of my OG friends are leaving really right right and and uh leaving as in I think 120 130 onwards uh they'll be Cashing Out they'll start Cashing Out 120 maybe keep some for 150 and then till 200 and and that's it that they're like my life is done my life is made and when we say OG you know

everyone is like uh in the age bracket of 40 50 years old so they're like you know I'm I'm done I've made my my millions and I don't need to do again and and few of them are are also adapting and moving on to AI or or going into you know family office Investments or going into different things so so there's a mixed bag I I'm because I'm I'm in the thick can th off it and and I love it and and yes I can I can go away today but but I I like what I'm doing so so I think that's that's the difference sorry the second part of your question was all this Doom and Gloom like you know where do we see the W I think I think like like we said the market is

getting institutionalized you learn that you learn that game now you have to have to know how these Banks work how the hedge funds work how they moving the market and and the biggest tool us as crypto guys have is the onchain analysis which these guys don't have I think I think if you can learn and be an expert on the Onin side and obviously the the traditional signs of funding and open interest and all other technical ratios Etc you can become very powerful Bitcoin will will stay in its own think of it as the new Fiat the new gold and I think I think have its own Journey along with

that one or two maybe L1 l2s in my opinion that's only Solana right now still Solana and then you have uh the entire alt which which you have to have a totally different mindset and that mindset is is really uh like in in periods like these accumulating the the real Revenue producing the real utility coins a perfect time like whatever you accumulate it will it will double in six months not Financial advice but but it'll double in six months and and that's it you made 100% Returns what else do you need in life and and uh and uh you know what the thing is everybody

here you know and you know this too 100% returns isn't enough right it's not enough you know and you've been around long enough to know that it is enough it's actually incredible returns but a lot of people in crypto are younger and newer to investing and they've seen and and and now with with social media and the way that we consume content you consume it from whoever who just tells you I made this and I've got this and hey you can too and here's how and so then you you jump into the expectations are are are way higher than 100% returns for most people in crypto absolutely Absolut but but again I think that's

where we as OG's need to keep on repeating the facts to them Hey listen even if you make 50% every year compound it over five years massive massive right you are you're gods and then you know and then and and keep it very simple and then once in a while twice Thrice in a year you will get opportunities which will make you millions and those will be opportunities like hype or or unibot you know last year or Trump coin if you catch it right there will be those opportunities and you don't you you can't invest in every mem coin that that you are playing against the casino so so

just just keep it very simple stack your s stack some utility coins uh you know so Solana is at 140 goes to 280 uh or or 250 you know sell it and and then sit tight for six months no problem go have a holiday yeah yeah I I IET I I gotta get you on on the show more regularly so you can remind people of this of this wisdom because it's so true senel thank you so much for joining us today absolute pleasure to get you back on the show thank you sir Jay always a pleasure to talk to you thank you so much for having me no most definitely everybody listening in we're going to link to selps newsletter his Twitter you guys got to check him out awesome awesome stuff that he's putting on a regular

basis and his podcast check out his podcast as well friendly reminder before we wrap up none of today's episode was meant to be Financial advice this is for educational and entertainment purposes only also if you want to access gains from your Bitcoin or ethereum without selling it you can take a look at salt salt offers Crypt back loans at favorable rates they've already done loans for over 500 million they're very secure very well trusted and you can do loans in 12 36 months or 60 Monon time frames and you get these loans within24 $4 hours very quick without any credit checks all permission all on chain hit

the link in the show note today if you want to check them out and get a loan to access some your Capital without taking the gains and the big tax hit that comes along with that thanks so much for listening in everybody have yourselves a wicked awesome day we'll see you back again tomorrow as always if you liked today's episode please hit subscribe and make sure you follow us so you don't miss out on the next one there's also a link in the description to our free 5 minute daily newsletter will we simplify crypto for you while making you laugh and if you're willing to step up your crypto investing game we're going to also leave a link for milk Road Pro you get access to our portfolio where you can see exactly what we are buying this

is your number one resource to help you invest successfully in crypto one final note this show is for educational purposes only and nothing we say is financial advice investing in crypto or any asset is risky and you should never invest more than you can afford to lose thanks so much for listening in my friends have a wicked awesome day