[Music] bare Market inbound a look at what BTC has been up to over the last week what it means and where we could be headed next agent of chaos the man who was supposed to pump our bags is in instead messing with our heads does Trump have a market master plan or is he making it up as he goes along portfolio changes ahead as the crypto Market confounds everyone Nick and guy are contemplating some changes to their Holdings stay tuned to find out what and a look at last week’s top performing cryptos dates for your diary tweets of the week and a whole lot of copium this is the coin Bureau News Live hello everyone it is indeed the coin Bureau News live it is indeed Monday once again and I am indeed joined by Nick as ever how you doing sir he guy how’s it happy G happy Monday it’s it’s a reasonably happy Monday I suppose sun is shining under circumstan there was no crazy happenings this weekend thankfully coin still holding above 83,000 thank God thank goodness for that at least we seem to have broken this streak of bad horrible things happening uh to to the crypto Market over the weekend I think I think this may be now the third week on the bounce that nothing God awful has happened and also holding out hope that this Monday we could close the green candle because the past four Mondays in a row we have had a a red candle on a Monday so okay Mondays and Thursdays over the past month have over the past two months have have statistically been bad bad days so what every so what you’re saying is every time we do a live stream either this one or NFA the crypto Market takes a dip yeah I don’t know if this maybe there’s a correlation cause or correlation guys what do you think this is worrying this is worrying um okay well we are um we’ll we’ll we’ll discuss that at length in due course so um of course we are going to be talking about Trump and what what he’s up to if he has a plan uh we’re also going to be talking about our portfolios what we’re up to if we have a plan I’m I’m not sure we do um maybe we do but first we’re going to talk as ever about Bitcoin um Nick what has BTC been up to over the last week so over the last week well Monday last week as we’ve alluded to was a very bad day um well it started pretty good in the sense that sailor although he didn’t announce a buy last week he did announce the this issuance this $21 billion issuance of his the preferred the strategy preferred shares these St strk at the market program so basically he’s looking to issue up to 21 billion more of these shares to get bit cash to buy Bitcoin so saor is still as ever bullish as hell um and and um he did of course today just you should mention use some of those proceeds to buy 130 uh BTC so that’s not a lot that’s not a lot I was thinking he was gonna push himself over the half million Mark uh for BTC for for strategy but a mere 130 BT I mean that that sounds to me like he’s gone around raiding the petty cash tins at strategy it seems like it Al although he hasn’t or maybe he hasn’t um taken in any sort of cash from that SDK offer yet but either either way back back to last week so after the announcement of that issuance program most would have thought wow this is going to be incredibly bullish for Bitcoin uh no Bitcoin had other plans uh the F and greed index actually fell to its lowest level this year and not only that but Bitcoin fell to its lowest level since Trump’s inauguration ouch talk about a roundt trip e we are look at that I mean we are we are heading back to lose all those post elction gains at this rate yeah no seems like it right so um and then of course on Tuesday well we had a bit of a correction when it was revealed that Senator Cynthia lumus would be reintroducing her bill so remember this was the Bitcoin act right the one that everyone was hoping would the Strategic Reserve would accumulate Bitcoin go out and buy Bitcoin and this one aimed to purchase 1 million BTC over a 5-year period so she’s reintroduced this bill um so they injected a little bit of hopium although it’s got an uphill battle in the in the house and the Senate yeah I mean this is the ex this is the Very extreme version of exem this is the laser eyes version the x-rated version this is the exact xrated yeah um Wednesday we had the CPI print which actually was pretty good in the sense that it came in lower than expected we had a drop to 2.8% um and you can see there both the headline and the core figure so this the markets did breathe a little side relief Bitcoin did pump um but uh it subsequently gave that up in this second hour green candle up red candle down you know two to like one step forward two steps back yeah yeah it’s that kind of Market at the moment kind of the market didn’t it just gave it up entirely I don’t know if there was it was probably around tariff concerns which is exactly what happened on Thursday as then as Bitcoin continued to fall below ATK again because of tariff concerns Friday a bit of sideway chop and a little bit of a minor rally in the afternoon on the news that the funding bull um from had now passed to the house or and assum had agreed who’s obviously on the Senate so this is to avoid the government shutdown has this has this always been an annual thing that the US government sort of you know threatens to shut down unless they can all agree on something is it like the debt seiling I think that’s it I think that’s it when it comes to just uh the extreme polarity between political parties and you’ve always got to fight about everything every small detail anyway so let’s take a look at what happened o with over the past week uh in general in collectively right so um ETF flows had their biggest out like in terms of the outflows look at that we had four four straight days four four days of outflows a little bit of an inflow little glimmer of hope on on the march on the 12th of March 13.3 million little bit more than the sailor’s recent buy yeah so this is I mean I I’m losing count of how many weeks of kind of consecutive outflows we’ve been seeing now but it’s very much a case of what goes in must come out exactly we praise the inflows as very highly efficient vehicle for inflows to bitcoin ETFs and we praised them when they were coming in but as quickly as they come in they can easily come out yeah it’s an onboard it’s a SE Highway to adoption and also retraction lot of perhaps a lot of people just moving to cash because of this uncertainty exactly right and there’s also the some of the unwind on the cash and carry trade on the hedge fund side um we but in fact in cumulatively in terms of the ETFs we’ve given up all of the cumulative inflows since January the 2nd so another round trip there un forun any good news Nick we will get there maybe I’m trying to find we realistic um crypto Quant also released a report last week saying that based on many deep value uh metrics we are at the start of a potential bare market and we in bearish territory and one of these charts was this one I’ll show you it was basically their bull bare Market cycle indicator and it flashed um over there The Flash the most barriers level since July so yeah I mean I mean not looking too good there now I mean that’s obviously what happened last week I guess the question is what’s going to happen this week because everybody everybody wants to know what’s going to happen um because hindsight’s 2020 I think um obviously we mentioned that Mondays are generally outflow days um but uh so we’ll have to see how things happen today we have got the fomc meeting coming up on Wednesday which is going to be worth keeping an eye on um which we’ll talk about in a bit in terms of the charts and coming back to today more specifically here we have the daily chart of Bitcoin and as you’ll know has been bouncing around the 200 day moving average right which is generally seen it’s previously acted as a bit of a support for Bitcoin yesterday unfortunately we closed below it um so we’ll have to see today where where we end up if we get above it ideally above the 84,000 level to get above the 200 day moving average and M maintain maintain that momentum um potentially something else that could help us out in that front is the liquidation level so this basically just shows the levels of liquidation where per Traders shorts could be liquid ated and where the theory goes potentially market makers may want to push the price of Bitcoin to liquidate those shorts and they’re around the 80 6K 87K level so if the if the theory holds up then we could potentially see some upside but of course um it depends on what happens on the macro side because I also do hear I heard that Trump said that he spoke speaking to Putin today or something okay so we could get some news in the geopolitical fronts who knows um one point to M though and that’s the upside potential there is also a downside risk and that’s if Bitcoin was to fall below 80k and this is from gloss node this is basically the entity adjusted the adjusted urd which is basically like the utxos in terms of when the Bitcoin was last moved I.E purchased and there was a massive Supply gap between 70k and 80k which means that if we do fall below 80k there’s a chance there’s not a lot of suppliers willing to buy the dip at TH between those levels potentially only when we get towards 70k which is uh you know coincidentally the level many people are watching yeah one more thing to note guys and this is the bit you know last week bitco gold broke its all-time high yes I saw that so Bitcoin Bitcoin gold has also been rallying against Bitcoin and many may be wondering could it potentially be looking at a bit of a reversal in terms of the the Bitcoin gold ratio and Aaron actually recently just did a video on the coin Bureau trading Channel looking at an interesting trade that he’s looking to take out in terms of the Bitcoin paxg so Bitcoin tokenized gold ratio using one of his own proprietary indicators so of course we I’m not going to go and spoil that you guys can go and watch the video to see exactly what what trade he’s taken this is of course on the coin buau trading Channel if you’re not subscribed yet you’ve got to do right right now with the QR code over here behold the holy QR code that takes you to the green lands of green candles and profits the holy land okay there’s plenty there’s plenty of green there I’m not sure it’s reflected in the uh in the markets so yeah coin bu trading closing in on 80k Subs as well there we go man yeah we need to get that 100k okay before the before June come on guys help us get there need an extra PL on our wall guy AB absolutely yes we need we need more plaques okay I’m going to do a quick sentiment check before we move on um okay uh 38 Wheels says if you’re scared of volatility then this ain’t the market for you you know if you if you’ve been in crypto for a while you should be able to shrug volatility off really you have to embrace the volatility you have to embrace it you have to enjoy the ride otherwise you’re not going to enjoy the destination it becomes part of your identity a as a crypto trench Warrior you just got to put the whitest heat tempers the finest metal oh beautiful Nick beautiful poetic okay sentiment actually in the comments is not as bad as I would have thought um keep’s format says it’s almost time my Earl great and mix nuts already it’s very cultured um meanwhile mix nuts I think that’s the craziest combination I’ve ever seened crumpets or something mixed nuts hre tea and crumpets they yeah mix nuts or something but mixed nuts very odd very odd but you know I’m I’m I’m down with it I’m down with it good morning from Kim jong-un’s basement um that must be very very low down um and then uh Steve Smith please wake me up when the Bull Run starts oh dear is he in a k or something I don’t know I don’t know I think he’s just six months bro you a six months eight months 10 months um and uh candy is asking is the black for our crypto funerals yes we’re quite we’re quite dark today aren’t we yeah Som mood right yeah it’s the the ferial mood for alt prices um uh but two for one is holding up no plan needed I’ll sell when I’m dead that’s the spirit that’s the spirit we’ll just take it to your grave with you man and then all of us benefit because there’s less supply of Bitcoin yeah but I mean that’s what sailor has basically said that he’s gonna do isn’t he yeah he’s not selling even when he’s dead I mean it’s all right for him multi-billionaire Michael sailor to say that but uh yeah so well done guys um it looks like uh sentiment in the comments is holding up kind of better than I I would have thought um so good on you stay positive that’s what we like to see okay let’s move on so obviously um oh should we uh should we do 1500 likes yeah yeah yeah so if you guys hit the like button right now of course if we get to 1500 likes guy is going to reveal the biggest dog on in his portfolio the biggest loss he’s taken he’s going to have a manto man heart to heart don’t hit that like don’t hit it don’t hit it I don’t want to I’m not I’m not in the mood I’m not in the mood I don’t want to talk about dog of my portfolio so they know they don’t so they don’t feel so about the markets oh I yeah okay fine I want to make you guys feel good you just go ahead and hit the like button I bloody dare you okay um all right so yeah if we get to 1500 likes um it’s uh yeah confession time for guy all right so we need to talk about the the man who is driving all this the man who is ultimately responsible for all the blood on the ch Chaos Agent Orange the agent orange the agent of chaos himself uh Donald Trump now there is so much debate around this isn’t there it’s like is is everything that he’s doing is all the uncertainty that he’s been sewing flip-flopping on tariffs threatening allies you know generally sort of generally kind of mixing everything up is this part of a wider strategy has he got an end game in mind here is he just you know is he just making it up as he goes along like we said in like we said in the intro headline it’s kind of hard to tell with Trump isn’t it it is very hard to tell I would say so firstly it’s important to point out that it’s quite clear that he doesn’t care this time which is very interesting because a lot of the theory that been going into this presidency was that there was this Trump put essentially this notion that Trump as well most presidents and especially Trump would care about you don’t want the markets to crash on your watch because then and you don’t want to run into a recession you’ll obviously be there will be a put of some description I.E you will stop it from happen like a put option in in finance um but it’s quite it’s become quite clear that he doesn’t think think like that right now and he is not looking at the markets for one thing he’s referred to the markets that’s been controlled by globalists um so he’s basically trying to dismiss that and then of course there’s been many theories as to why he’s trying to do this I mean one theory is okay he’s trying to crash the markets potentially to um lead people to want to um look for Safe Haven assets most most likely us bonds come into US bonds and that obviously brings down yields and obviously we know one of his his goals this term is definitely 10year yield and which he got his um treasury secretary Scott bessent has explicitly explicitly stated stated um and he also did not rule out a recession um and that’s interesting and that scared the markets a lot because obviously he’s you know that’s that’s the biggest shock of them all um and he frames this up upheaval as a necessary transition quote he says what we’re doing is very big we’re bringing back to America it takes a little time yeah he’s Al yeah I mean it’s interesting isn’t it because he’s basic as the as the sub headline in that last um one showed he is trying to reshape the American economy it’s not just uh you know it’s not just a rejig it’s not just you know a reset he’s actually trying to reshape it he’s actually trying to bring Industries back into the US kind of rebuild this manufacturing base that got that’s been hollowed out over the last few decades and that is an ex that is a huge process that is a huge change to be undertaking and and you don’t affect that sort of change without causing significant upheaval yeah exactly and he’s even invoked the this view of China where you have a 100-year perspective versus the America with a quarter by quarter yeah um there was some quite I was listening to some analysis so recently the um the Chinese Communist Party had the two sessions in Beijing which is their sort of political Jamboree like everyone gets together and they they talk policy and announce policy and kind of look to the Future and stuff and there was a lot of talk you know China obviously um as you said tends to have a much longer perspective you know in some cases a 100-year perspective but you know fiveyear plans are a very sort of classic kind of communist Trope and things like that but China does tend to think very long term and of course it occurred to me that that’s very easy for a country that doesn’t have have an election every four years does have yeah exactly a culture of Elections yeah I mean the US their Forte yeah that you know CH China does have continuity that XI jingping I think is pretty much determined to remain president for the rest of his life um and possibly Beyond if he can uh if he can figure out a way around it whereas Brian Johnson yeah you know Brian joh maybe Brian Johnson for president but um yeah it’s obviously a lot easier for China to think long term in that way um but I think you know there does seem to be there does seem to be a kind of thinking that maybe this sort of more strategic thinking is needed yeah 100% um so just going back to his core Theory um it’s important so this reust industrialization that we talked about of America um and they basically the goal is obviously to onshore the jobs to higher prices on foreign Goods is the point because it without the pain businesses would have little incentive to relocate their factories and then also the tariffs are seen as kind of potentially as a bargaining ship um for these close Partners but there is a broader strategy and it’s very interesting here because um I was we’ve talked about this before but there’s something called the maralago Accords now this has made a lot of rounds and essentially um it’s a playoff of the um the plaza Accords now the plaza Accords was something that was signed in the 198s um in Reagan’s term which is basically an agreement where the US and a lot of its trading partners came together at the Plaza Hotel in New York and agreed to systematically devalue the the US dollar to make the US exports more competitive and it was between all its major trading partners Germany ital Germany UK Japan Etc and they did this in within three like within a few years it the dollar depreciated by like 30% or something okay now the notion here is that and this is what has been termed the maralago Accords it was you know posited by this individual Steven Moran now he’s the economic Chief chairman of the economic advisor to Trump and he wrote this paper which was just on the screen um um basically arguing for how we can restructure global trading system with a similar kind of idea of devaluing the US currency although with some really crazy ideas like one is like these things with a termed a century Bond right okay so basically go to the trading partners tell them we’ll give you security military security if you swap your current bonds for zero interest Century bonds okay okay that’s fairly aggressive mind you I guess I you know I guess from the US’s point of view they’re kind of already supplying the security guarantee so maybe yeah but yeah uh there’s that and then there was another idea was pay tax in coupons paid to non us holders of the St de okay now it’s important to point out that both of these are a technical default so so it’s it’s it’s crazy idea but that’s one of these things posited by this guy Steven Moran now he’s the head of the economic advisors and he’s not he’s a Harvard trained PhD so it’s there is Merit to this to a degree in the sense the longer term plans you need if you want to resore jobs you have to look at ways to do it and depreciate the currency and even smart people like um uh the ex CEO of Goldman Sachs Lloyd blanki he said quote the risk to the markets is dislocation in the short term but I think our Republic will be better off if we spend a few thousand more for a car in return for having a Workforce that can make things and can afford what they make there’s a lot there’s a lot to like there there’s a lot to like there I I guess again it’s like what with reshoring of manufacturing and things like this this is looking towards a kind of fundamental shift in consumer culture if you know if you take that to its logical conclusion and that’s not necessarily A Bad Thing You could argue that you know modern consumer culture is extremely wasteful if there’s more efficient thing if there’s more efficient ways to manufacture things within your country or region obviously there are so many benefits to that you know it it’s it’s cheaper it’s more efficient it’s more environmentally friendly or whatever and all of those things are great but again it just amounts to such a massive reordering of the status quo doesn’t it and there’s no there’s no way you could can make that omelet without breaking a lot of eggs there’s going to be lots of eggs broken and we already seen some side effects of these policies um so for example consumer confidence came out on Friday it was the worst consumer confidence number since um November 2022 wow um inflation expect we can just show the numbers there was this is I think the Michigan survey consumer sentiment is going down consumer sentiment is going down inflation expectations will get to that but many Americans view his policies as erratic so I don’t know if they needed a survey for that I think I think that’s fairly obvious but yeah yeah um and then fiveyear inflation expectations are also at a 30-year High I know well we keep flagging this statistic up don’t we but it’s it’s so important it’s consumer sentiment is low inflation expectations are high that is not a risk on attitude that is not a risk on Market yeah everyone’s worried um and it’s it’s many it’s more than one consumer um consumer spending survey it’s more than one survey on inflation expectations so you know the the the ground swell is there um so we’ll have to see yeah I think just just before we move on going back to that idea you know going back to Trump himself like you know and this this kind of idea of long-term thinking I think one thing Trump has figured out that maybe a lot of people haven’t is that nowadays in the social media age people’s uh attention spans people’s memories are a lot shorter so I kind of feel like I think he’s probably got his eye on the midterms in at the end of 2026 my thinking is my guess is that if he can engineer a recession if that’s what he wants he has got time to do that and pull up out of it and if he times it right and things are going well in November 2026 and you know in the months leading up to that then people won’t remember the pain that they suffered in sort of late 2025 early 2026 because I think that is part of Trump’s strategy you know he just he he just barrels on forward you know he he comes up with something else to make people forget the thing that they were so outraged about before Fair Point although it’s very difficult to see I mean because you the variable is not just Trump it’s also what happens with the trading partners how badly inflation gets crushing because inflation expectations are that high and we do start seeing a Resurgence of inflation when trade Wars get really aggressive it’s anybody’s guess what happens next year I mean markets get crash but if infation starts rearing again that’s another issue yeah yeah let’s see and obviously all eyes will be on the FED meeting uh this week but we’ll talk about that in a moment it is time now to move on to the walls of Shame and [Music] fame classic beautiful I love the heavy metal one um nick uh I’ve got some news for you today we have a Jesus oh my what oh my God bro that is oh my god wow I I part of can’t tonight where where’s that from that’s not an it’s in alra SNL okay oh dear they were there were actually male actors you could have used ANL why did you have to go why did they have to go with the female can we have Anand next week that would be good okay so uh if you guys have um for those of you who haven’t scratched your eyes out um what looking at that um we have a uh we have a returning face to the wall of uh to the Wall of Shame today yeah um and I’m going to nominate this person for a permanent spot on the coin Bureau Live News Wall of Shame it is none other than Hayden Davis he is back Nick he’s back now not only has Hayden Davis kind of like he he’d been dis he disappeared from the the news flow for about two three weeks and also noting that he has still has one like $100 million worth of whatever from the Libra stuff and um apparently like last week there was news that one of the Argentinian prosecutors had asked for an Interpol red notice to be issued and yet amongst all of this this’s news this news broke with like two two three days ago yeah I think so yeah fairly recently fairly recent bubble map’s basically saying he’s involved with another meme Quin launch he’s at it again can you like this is a class only in crypto moment we’ll run it again we’ll do it again we go again we going um I mean I’ve got a couple of questions for you Nick first of all uh Hayden Davis this the sand bankman freed of this cycle I think so man he has to be he has to be the super villain incarnate I think it has to be man I think so he has to be and impunity do you know with impunity he’s still out there giving giving apparently zero FS it’s it’s extraordinary yeah this is a guy who’s like wanted by an entire country and he’s at it again um crazy uh so my other question to you Nick is do you think he still owns that hoodie I think not only does he own that hoodie he’s used part of that $100 million to go and buy 10 more Monclair like that to look more like the Gryffindor the Gryffindor look you know extraordinary probably bought out all of the extra Supply at um at Monclair yeah yeah okay so Hayden Davis is like a bad Penny he’s turned up again um and I think that he definitely is going uh he’s definitely going to be a permanent fixture On The Wall of Shame now we’ll have to do um we’ll have to get a special graphic yeah of of of the sort of per because Kim Jong-un is is a permanent fixture On The Wall of Shame as I believe is s SPF as well SBF yes yeah and don’t worry guys there’s PL this is crypto there is plenty of room on that wall of Shame yeah okay let’s move on to the the wall of fame um Nick talk us through who we’ve got on there today so today we have got uh the hyper liquid whale now this uh he she or they you want to go there do we have to respect all their pronouns or it could be a bot I’m just no whatever we respect all walks of life yeah um basically this is so this has been on the news flow we’ve also been covering it on coin buau on our Twitter as well this hyper liquid well essentially it started last week I think when he engineered a very interest a very smart trade when it came to exi in a very big long eat position that the tldd that basically it resulted in hyper liquid having a bit of bad debt that that had to that had to come from their um you know reserve and obviously they had to adjust their margin levels but it was a smart way of exiting the trade with no without having to go through the um uh through the liquidity um you know exiting his position with all the price impact and essentially he’s been opening a lot of these other trades over the past few days as well they’ve been tracking he’s done a very ma he’s done a massive long on bitcoin he did some chain link I think some two weeks ago like a few days ago and he’s recently opened up a long on anania as well he’s basically playing he’s and and people are following these trades and they’re trying to they try to run a stop on his Bitcoin apparently I saw some news about it um because it’s obviously all public but he’s he’s winning and he’s doing very well and his people are now track in this hyper liquid whale so he’s a he’s a gigared Trader G gigabrain gigabrain gig gigachad Trader he’s he’s inhabiting that Nexus between gigachad and gigabrain exactly good for him good for him or them or whatever uh okay so the hyper liquid whale whoever they may B is our Hall of Fame you’re the real one man you’re the MVP congratulations to them okay um now speaking of uh gigabrain gigachad moves um it’s it’s time time we quite a Sig or the opposite it’s time we talked about our portfolios Nick um because over the last few weeks uh us like I’m sure quite a lot of you guys have been pretty confounded by everything that’s been going on in the crypto Market of late it has been a wild 2025 so far um and obviously a lot of the expectations that we had uh for this part of the cycle and for this year have kind of been blown out of the window by reasons that we’ve obviously covered ad nauseum uh here on the show in the over the last couple of months but what this means is that Nick I and I’m sure a lot of you have been giving a lot of thought to your portfolios um now we are well I’m speaking for myself Nick my portfolio is certainly a lot less than it was um back in January say I’m presuming yours is the same it is yes um yeah had to put push back those retirement plans quite a bit well push back retirement and Lambo plans you know the good news is that Nick is still with us for at least a few more live streams because you know otherwi he might just walk off into the sunset if we get a pump so you know just bear that in mind folks um but yeah I mean we we’ve both been thinking a lot about what are what our strategy is going to be from here now so far I for one I haven’t got out and sold anything I’ve just kind of taken a fairly hands-off approach because it’s been so volatile these aren’t conditions that I want really want to trade I’ve just been kind of sitting back and observing and thinking about what positions I have the most confidence in thinking about things on my watch list Etc um but obviously you know at some point need to pay a bit more attention to long-term strategy um but let’s before we sort of dig into what we’re planning to do should we just have a look at our portfolios and if you can bring up if you can bring up Nick’s portfolio first and Nick can you just sort of talk us through this like your how is your portfolio structured well okay so I mean first of all I will note guys if you hadn’t seen we did do a video a portfolio update video at the end of last year that took us through exactly all of the PO coins in our positions why we had those positions why we had the weights we did um so go back can check that we’ll link to it as well um we’ll also do a um a card in this video once this the live is completed um but obviously I I was generally even before then I was quite heavy on bitcoin I think at the time of that video I was 70% on bitcoin obviously I thought that generally Bitcoin was going to have a slightly stronger performance I still think so obviously I’ve been I’ve been holding Bitcoin for the longest period ever so um that’s why I had such a big position in Bitcoin and then of course there was I did have a few more altcoins but I I I basically consolidate towards in Q3 last year into only a few I mostly very bullish on sui and salana to my top layer one out out layer one plays um for many reasons and then of course I still had a small bag of avalanche in as an Alternatives Hedges to the L1 portfolio um so that’s where my my portfolio currently stands it’s obviously picked up a bit in terms of bitcoin’s um proportion of it because Bitcoin has performed better relative to the others M um in terms of what I’m thinking is depending on um if I do I’m so that’s where it’s at I’ll tell you what I think I’m going to do in a bit once let’s go and first take a look at your portfolio Okay so NX is obviously uh concentrated in like a fairly small number of positions mine is uh something of the opposite to that um I’ve uh gone for a slightly more all-encompassing approach diversify diversify yes I diversify I should say now these um these portfolio pages are lifted from the coin Bureau club uh website this is where our CBC members are able to view our portfolio and for we’ve just blurred out some of the other smaller altcoin positions there um just because guys embarrass just because a lot of yes because I’m embarrassed to hold a number of them um but if you think this is Diversified there are some other team member portfolios on there there’s some seriously esoteric um positioning going on there but yeah so obviously I’ve gone uh in for a lot more alts um and we’re both we’re both sort of Fairly heavy Bitcoin yeah um certainly over well over 50% and yeah I mean in terms terms of I was saying this to CBC members in the Discord last week I mean I guess my strategy from here is I’m now thinking really what I want to be doing is is kind of moving in the same direction that your portfolio is as in focusing more on a smaller number of much higher conviction plays and those are I mean you can see there I I mean I hold some eth um I’m planning to hold on to eth for a while but I think if we get back up to sort of the 4K level then I will definitely be be selling some then um because it’s just come to that but salana suie and P congrats by the way on that e move congrats thank you Nick thank you welcome to the club um but yeah let the anchor and the weight of your shoulders feel the relief feels good um so yeah I’ll be looking to consolidate in those positions that I’ve in those sort of larger positions that I’ve already got and um you can see pith Network there do you know pith is the one that I am asked about more I think than anything else yeah in the Discord in YouTube comments so many people ask me about pith Network I’ve been I’ve held a position in pith for over a year now since we since we first covered it on coin Bureau Club over a year ago um I rode it up to past the dollar and ridden it down to the lows but I mean yeah it’s it’s it’s I think the reason it’s getting that attention is because it’s a really interesting project there’s lots of Integrations going on it’s becoming the premier Oracle for a lot of the highly performant l1s and the team is super smart I’ve done an interview with the CEO as well last year I think the main issue they’re facing is like use cases for the token they had the big they had the big best outs last year and that’s led to price suppression um so that’s why people are probably like upset with the price performance I do I am I wonder guy in terms of um are you not going to consolidate your [ __ ] position just don’t I mean that is that is such that is such a tiny position anyway bong Fox and [ __ ] so what what was the mental analysis that went into your [ __ ] position well the ticker yeah I know Giga brained um yeah I haven’t even looked that’s the right that’s the right that’s the right curve it’s it’s a mean point on the left curve it’s such a left curve it’s a left curve it’s real it’s real far left curve uh yeah so I mean look you can see from some of those positions that you know if you thinking about things like the the likes of peak Shadow token World mobile token I think these are all great projects yeah the thing is that I think any sort of pumps that we’re going to get over the coming let’s say over the course of this year I think any pumps we’re going to get are going to be very short and very localized yeah so my plan really is to become a lot more ruthless when it comes to selling now obviously this assumes that we get back to sort of around the levels that I bought at or preferably into profit where I would look to sell out of those smaller positions and consolidate into some of those larger ones like salana soie uh pith and maybe near as well with the intention eventually probably you know when I feel that the Cycle’s over um to to move eventually back to BTC and then Begin Again pith I think is gonna I long ago resigned myself like I say I think it’s a great project but it is definitely a play for next cycle uh given all their toonomic issues and what have you and uh vesting and things like that so yeah so that’s my that’s kind of my thesis at the moment I’m not really looking to get into any other Al positions the only other things that I’m looking at the only sort of projects that I’m currently considering are things like defi protocols the likes of maybe arve or Athena that prod that have big protocol revenues um because I think eventually um positive crypto regulations in the US might allow for some of that Revenue sharing to ACR to token holders yeah makes and I’m beginning to think like of all the fundamentals you know there are so many crypto projects out there there are so many tokens or coins or whatever that are just useless governance tokens in a lot of cases I kind of feel maybe the fundamentals that we need to be thinking about are things like you know does this protocol generate revenue is it going to be able to share that Revenue with token holders what is going to be the benefit to token holders of this you know of holding this particular position fa Point yeah so um in terms of my thoughts around my portfolio so first of all just my it’s my thoughts more broadly around the market the market cycle there’s two questions here I think um the first question that I’ve asking myself is where are we in the cycle is the fouryear cycle intact are we going to have a cycle top later in Q in Q3 Q4 as many expect with regards to bitcoin harving um and then also are we going to see any sort of Al season any description so in terms of the the where we are in the cycle look a lot of is just driven by what’s going on now with macro and it’s idiosyncratic and it’s hard to judge right very hard to judge with what’s going on there but um I I’m of the opinion strong opinion that in aggregate Bitcoin dominance will continue Rising Bitcoin is going to outperform altcoins I mean this is just a chart that shows you how Els have been imated Bitcoin dominance is risen I think that in aggregate all else together will will lose against Bitcoin when we do even if we do get like a large amount of liquidity because it could just as well easily flow into Bitcoin The Narrative is stronger for Bitcoin right now and all these other factors which we’ve talked about in numerous different videos um what I will also say though is that but that doesn’t mean that there won’t be specific as you point to specific altcoins and specific narratives that will do well relative to bitcoin right but the question is you have to be very specific very very like focused and you have to find these the right altcoins right you can’t just go and hold a big bag of Diversified altcoins and expect them to perform similarly you have to avoid running into the sunk cost fallacy and that’s what a lot of people are in right now they have these altcoins they’re underwater there is no there is no traction growth is not there is no growth there’s questions around what the project is doing you need to then be able to just let it go you know just let it go and understand look forward R not look back right and don’t fall victim to the sunk cost fallacy what’s done is done and being able to cut those um so as a result like if if we do start seeing some more performance in terms of my my top Al my top Al L1 picks there I may start because I’m still in profit on all of them right I may strategically start DCA out a little bit of it not all of it obviously just a small portion get it into Bitcoin because I think like I say in aggregate Bitcoin is going to perform very well um relative to else in aggregate um so that’s my view I think that um it’s not going to be definitely not an out 2021 out quenas and even with liquidity flows right yeah because right now ETFs and the market structure with ETFs have changed the way the liquidity flows into into crypto right and there are many different ways to bet on crypto leverage Bitcoin right now instead of altcoins you can go and buy micro strategy shares very highly levered you can go and buy Bitcoin options you can go you were talk we were talking earlier about the what the options in Robin Hood for instance on the retail side yeah I remember listening to the 1,000 EXP podcast and the guys on there were talking about you know for your for your sort of retail de genen if you like who not necessarily in crypto but maybe who’s interested in dabbling in crypto there are just so many more products there were so many more toys to play with and on so many more platforms because even back in 2021 you know there was still limited like I I as far as I can remember Robin Hood wasn’t offering any crypto at all in 2021 or you know maybe it was like BTC and Litecoin and you couldn’t you know it was it was custodial so this time around as you said you know there are options products there are there are you know you can get it on Robin Hood there are so many ways that investors can dabble in crypto and of course for so many people outside of crypto like Bitcoin is Bitcoin is degenerate enough you know Bitcoin is as far as a lot of people are ever going to be willing to go out along the risk curve and I think you know that has implications for alt and when you combine that with the fact that you know your your your person exploring Bitcoin for the first time isn’t necessarily having to do it on coinbase and then going ah there are loads of other coins here as well uh you know that’s has changed it I think exactly the market structure has changed so it’s just a about it’s a a matter of We Still bullish on some altcoins in the sense that there are will be altcoins that will outperform Bitcoin there will be altcoins that will still get you generational gains but you have to be very very calculating about it and you have to be have more concentrated bets you can’t just take a massive Diversified portfolio expect it to do well in general because just statistically based on the notion that if Bitcoin dominance you think is going to continue growing um El will that portfolio won’t perform as well as a very localized well thought out altcoin strategy yeah yeah okay um I have to say I’m even more bullish on pith now given all the uh pith related puns that have been coming up in the comments as well are you taking a PFF mate piing in the wind he’s taking the PFF very good very good well done guys I love it okay uh let’s move on and give a shout out to our brand Partners um first up not necessarily well if maybe you’re thinking of buying altcoins maybe if you’re thinking of selling alins sell or trading altcoins if you’re a Trader like to be honest the range bound that these lot of these altcoins have been going and you could have made a lot of money trading altcoins right if You’ obviously made the right trades which is why we’ve got the coin buau train Channel and top right um but uh yeah so binance we’ve got a deal over there for you guys if you don’t have the binance account yet you can sign up with the link below you get 20 % trading fee discount for life and a $600 bonus um so if you want to pick up some altcoins there obviously they’ve got a a veritable smallest Board of altcoins and there’s also a lot of excitement around the BNB ecosystem now yeah so this is obviously a great entryway into the BNB ecosystem because binance is a lot of Integrations with BMB yeah well shout out to binance as well because they just raised two billion dollar and it’s from a sovereign from a sovereign right yeah yeah so that’s a credit to them I think that I think they were saying That’s the largest amount of money raised by crypto company so far I think so yes yeah ever yeah that’s pretty impressive yeah I think it beat bridge last year the $1 billion acquisition oh yeah yeah the stable Co um and then of course once you have your coins on binance you can go down uh we also have and you can secure it on a ledger now Ledger obviously Premier Hardware ballet device manufacturer um they’ve got The Ledger flex and stacks these great large screens for Clear signing to to obviously see what you sign in very important what happened with bybit um and of course you also get a $10 uh Bitcoin gift card that you can load uh your Ledger with once you bought it only exclusively for coin V viewers with a link down in the description and apparently like last week Ledger also helped out um some other industry Partners other Hardware wallet producers yeah I think they I think they pentesting team was was digging into some Rivals devices exactly Rivals devices and they actually found a vulnerability that they actually let them know about so they actually helping the industry those nerds gigar brains down there in The Ledger vaults uh pentest and all the other devices is making the entire industry safer yeah good for them um and then yeah one more final mention of course here we’re going to be talking this is archam Arkham intelligence right now Arkham intelligence guys obviously everyone knows Arkham intelligence you would have if you on crypto Twitter you would have seen their analysis their data analysis of all onchain movements um and if you’re not following their Twitter of course you got to do it right now um but it’s not just on their Twitter because they share a lot of other information on their dashboard itself stuff that they don’t necessarily share on their Twitter for example last week there was this news of ethena minting $200 million in black rocks Biddle for their US USD uh TB stable coin which is the stable coin that is backed by the Black Rock sple fund um so utilizing Black Rock spittle within def5 protocols um in terms of compostability there um so that was obviously mentioned there was also news last week apparently about um I think Mount GA moved something like 322 Bitcoin um to um to bitstamp so that’s something than you would have seen if you’d been tracking on Arkham’s dashboard so well worth checking out Arkham’s dashboard um as well as one more thing if you guys are based in the US Arkham has just um released their exchange their their us-based exchange that’s Global but they also have many states they’re licensed in many states now and we coin area have a 50% off trading fees for the first month on Arkham exchange as well uh so uh that will also be linked to down below check it out yeah check it out okay so big thanks to all our brand Partners uh right now it is time to take a look at last week’s top performers an interesting list you can start on the first so the first one yeah I this one this is an interesting one binary X bnx which is now sort of calling itself four after czs 4 okay um so it’s a gamey crypto on BSC um CZ follows it on Twitter um and obviously like I said it references that four gesture now I couldn’t find a reason for this pump that it’s seen over the last week other than the fact that there seems to be a lot of bullishness around uh binance related cryptos because of this aforementioned two billion dollar raise that uh that B2 billion dollar investment uh that binance have secured so yeah the the the sort of BNB ecosystem in general seems to be doing pretty well off the back of that yep the next one is uh well speaking of BNB some pancake swap just overtook uni swap in daily trading volume yeah this is the this is the Premier deck on BMB right yep yep so you know there we go yeah just flipped it just flipped it recently the next uh big performer from last week uh from the week just gone is ton coin um now this there’s a couple of bits of news around tcoin which is quite interesting I imagine most of you guys will have heard uh that pavl durov the telegram CEO has been cleared to uh to leave France he’s apparently come back here to Dubai well well yeah I mean it’s yes it’s good weather at the moment here in Dubai um so that has been uh good for ton um but also there was the news that telegram wallet is going to offer more tokens and launch a yield product on usdt now you might remember it was about this time last year I think that tcoin and usdt signed you know signed a sort of partnership I think it was around token 2049 last year um so yeah I think basically this is going to there’s a lot more crypto functionality coming to telegram I also recall I think that potentially ethena may be looking to something with telegram as well yeah I heard something I think something like that and this is what guy young the CEO I I interviewed him a few a few months ago and he said something like that as well so could be more yeld bararan products within the telegram okay so T I mean Tong coin’s been sleeping for a long time it has it’s been one of the more one of the less active of the large cap cryptos so uh yeah finally finally sort of waking up yep okay got helium h&t um I think this is potentially around a partnership with telica um and the network in general the network seems to be growing and it’s approaching half a million users so you know there we go yeah okay and uh finally the uh the last one of this week’s or last week’s top performers is Casper Cass um I couldn’t see a particular reason for a pump other than uh there’s a the crescendo upgrade is sort of being worked on at the moment gold to Crescendo I mean that Dad joke would be a perfect moment to end the stream on unfortunately there’s still loads more to come just just have a think about that I’ll do the dad joke thank you very much um okay uh before we have a look at the tweets of the week um just want to draw your attention as well to the coin Bureau merch store of course yeah now if you guys don’t know we obviously do have a merch store obviously guys wearing one of our items over there popular the Bitcoin illum guys are model he models all our famous merch though I’m getting a bit fat according to recent live stream comments but as you can see it is it works for plus size as well very appropriate for the larger gentleman so you know um but yes we have that if you if you’re not looking for plus size we also have normal sizes you know if you’re we also we also have mugs mugs we got this actually it’s pretty cool it’s a um a mous what do you call this again a um I thought it was a slipmat slipmat non slipmat or something basically I mean unfortunately it’s an e logo but we also have Bitcoin um um and we also have Bitcoin as well as um lots of mugs we’ve got our Hardware we got seed words we’ve got even like a dog Beanie and a dog we go look at all this stuff beautiful phone cases gosh look how young I look modeling that yeah times change people move on yeah so do check it out uh there’s a link down below for the coin Bureau merch store yeah okay now let’s have a look at the tweets of the week with this one from Jason uh this is Jason kakanis kakanis yeah he’s one of the early in investors in in Uber and if you haven’t heard about it you’ll probably def he’ll definitely tell you about it um that’s basically his catchphrase yeah his catchphrase he’s one of the he’s also one of the hosts on Allin right um and uh he’s got some really bad Bitcoin takes obviously this most recent one about building their B Bitcoin we back to that lot of people were dunking on that that must be a bottom sign of some sort start talking about a better Bitcoin last week he basically came out with the suggestion that we should think about taxing every single Bitcoin transaction the US government should consider taxing every Bitcoin oh yeah because that would be really easy to do yeah of course like the US Treasury has a legal do legal authority over the entire decentralized Bitcoin Network so he’s going to go to the miners in China and all that and please pay up your tax yeah um so no yeah that’s uh he was quite so he’s he’s got a lot of bad takes on crypto thanks for sharing your thoughts Jason um yeah no need to do so again for a while mid curve midco man yeah yeah okay this one uh next from uh coinbase now this was an interesting one um announcing the delisting of uh of various meme coins um flaky turbo gigachad this is now if you contrast this with the ones that we saw I’m guessing sort of November I think it was November when they were announcing that they were listing all of them this is a classic how it started how it’s going sort of me so so my question is what happened to flocky over the past three four months that it met your listing requirements then but it doesn’t now please please please elaborate coinbase because if it is just the fact that you listed to make money and trading fees okay um you know be honest about it right like you know don’t be but you know yeah just this notion that um it didn’t meet the risk and to be honest also like coinbase there has been questions around other coins remember where like um Andre CR has always been raiding against coinbase because they have some issue with list listing they never listed FTM and they haven’t listed s either so why is flocky deserve more rights to list there when FTM is like one of the most exciting layer ones now growing in terms of reach and all that so just doesn’t make sense sometimes it’s very much a black box that mostly seems to lean towards doesn’t make us money yeah centralized Exchange listing policies I think are one of those one of those um you know conversational black holes I think in crypto you know you just go down that and it’s just like I but basically it’s all about money in the end it’s all about trading fees isn’t it okay uh next up we have this one from Zack VA wouldn’t be tweets of the week without a bit of a bash on ethereum yeah man you need to pump those numbers man pump those rookie numbers ethereum or lily F I’m I don’t know about you Nick but my money’s with Lily my money’s with Lily man I think the trends are friend you know it’s going going that direction man yeah there’s more buyers for Lily Phillips than there is for oh man oh man sometime sometime things will get better for us eth holers but for now we are just being it’s just punishment it’s just one punishment after another okay and we also have a tweet of the week from uh Corey Bates um watching CNN and getting angry I just learned 86% of America is [ __ ] um because uh CNN conducted a survey by the look of it or sm.com conducted a survey for them would you invest in Bitcoin um 20 thou over 20,000 Americans voted 86% sent no yeah now that’s slightly concerning to the extent like how much is Bitcoin grown in terms of the public eye and now 86% are saying no is that a good or bad thing so so one could VI it is like oh it means we’re still early or the other is like actually people have become so repulsed by bitcoin’s volatility or Pol politics of Bitcoin that they may decide that we don’t want to invest in it I mean to be fair this is CNN I don’t know but that seems very high to me very high but again is is this is this a meme personified in that you know it’s that Meme of uh Bitcoin at $100,000 oh no I missed the boat Bitcoin at $83,000 I ain’t buying that [ __ ] exactly I think that’s it so it would be really interesting to see the results of that survey if BTC was over 100k yeah just saying okay that was tweets of the week let’s have a look at some coins to watch over the coming weeks so qu to watch quickly today is a very important day in Solana’s ecosystem it’s the launch of Soul CME Futures and um you know it’s quite coincidental because Soul it’s birthday fifth birthday was yesterday turned five yeah the salana Happ birthday birthday salana all the soul holders um 19th of March we’ve got the mantle main net hard Fork um so this igen da activation on mantle Network um mantle pumped recently a lot because of poent they said there was it was bought by World Liberty right some oh yeah the old world Liberty Financial yeah yeah okay uh so manal and also uh BNB yeah they they have a a hard Fork coming up the Pascal hard Fork um EIP 7702 smart contract wallets beta evm compatibility and improv developer flexibility there we go yep okay dates for the diary um so on March 18th tomorrow we’ve got housing starts in the US um this is you know I think it’s important because there’s a lot of questions around what’s happening with the US housing market so there’s 1.3 M 1.38 million is forecast and then 1.37 million was the previous yeah and then of course on March 19th Wednesday as we alluded to we’ve got the fomc meeting and rate decision now I think that the the most the big consensus is like there’s not going to be any change but it’ll be interesting to see what Jerome Powell says yeah and well this fed meeting um this week is what the one where they released the summary of economic projections the SCP which will give an indication of how doish or hawkish the FED is is feeling so that’s actually probably the important one to watch out for what the SCP says exactly March 20th we’ve got initial jobless claims um so obviously looking on the labor side of it uh 220k is the forecast versus 220k previously okay okay um and uh yes also um on the 21st of March the SEC is holding a crypto roundt this is also open to the public guys interesting yeah um yeah so you can I think you can submit I think there’s a form that you can submit questions or suggestions or whatever you wouldn’t have seen this a few months ago exactly right so you know guys you know when in D zoom out could you have imagine this happening even any even a few months ago yeah whereas past if you go into the SEC they C they say come in and talk to us and they slap you with a lawsuit now when you go in and talk with them they actually listen so yeah so I that you know that is a really positive note and I think it’s important to remember as well that because you know just because prices are down obviously you know people aren’t feeling great about uh the state of crypto at the moment and I think there are a lot of reasons to be concerned but the longer term Outlook in terms of what the of the direction that the industry is going and all the positive things that have happened because of you know Trump’s election Victory um there is there’s a lot of positives around the industry those are going to take time to to make themselves felt um we still at the mercy of of macro conditions we’re still at the mercy of liquidity so I think we’re probably in for a few more probably a few more months of of volatility probably sideways chop maybe you know a few dips lower but the long-term outlook for crypto remains really strong and I think that’s something that you guys should keep in mind because this is definitely what we are keeping in mind for the long term as well um and going nowhere we’re still going to be here we’re still going to be here that’s the bad news folks we ain’t going anywhere um okay uh so I’m just going to run through a couple of people’s comments as well uh Nick where can um sink but person buy your pants are they for sale that is that particular that particular pair should I put them on the merge store should I put them in the merge store yeah should we list them in the merge store extra comes with the hoodie as well you know okay okay well uh you know that’s an opportunity for for some for some per I suppose bro okay um uh TBA asks is it true mad the aeme super cycle guy has escaped to North Korea you interviewed him Nick did he give any indication that he might jump to jump over to North Korea he did not give any indication I think he’s still very much out there still very much a believer in his in his in his super cycle or at least in his coins he holds um and he’s still out there you know SPX Has Fallen a lot so here’s his portfolio but he’s still a Believer so you know still posting updates yeah man and he still holds right so he’s a holder I what a what a Redemption Arc that will be if he’s indicated in the end we’ll see we’ll see stranger things have happened in crypto um uh solo nepon says I’ve been holding since 2018 before the elite Black Rock got in so I’m not selling there we go and uh shb uh also of a similar note I’ve been holding since Satoshi was posed updates so what’s that 2011 wow really wow okay that’s some real OG there bro yeah always always good to have ogs in the chat always welcome newcomers and ogs alike okay that is all we’ve got time for today folks so thank you for tuning in we will of course be back as ever next week um let’s hope we’ve got some better news for you but like I say the long-term Outlook remains positive it does indeed so yeah I’ll see you guys then thanks everyone for watching cheers [Music] you guys are Simply the Best of Legends so the bo done touch the grass I lovees nobody likes te got be is okay good with mushroom I wantes nobody likes swiss cheese got to be AC Swiss is okay [Music] oh no Nick’s being attacked by a dinosaur [Music]
