A lot of this inflow is happening on the Bitcoin side of things because you're seeing that's where the ETFs are, that's where a lot of the headwinds are. And actually, the altcoin markets have been relatively unimpacted, but typically what ends up happening is there's a divergence over the months after the Bitcoin concentration is over. And I think that we'll see that especially next year, but it is a rising tide. As Bitcoin goes up, a lot of the people that have been in crypto for years, and a lot of these Web3 projects, they now have more capital, there's a lot more liquidity in the market. You're listening to Kerry Lutz's Financial Survival Network, where you get valuable information you just can't find anywhere else. To thrive in today's trying times, you need the Financial Survival Network, now more than ever. Go to financialsurvivalnetwork.com and get your free newsletter and gift, Financial Survival Network, now more than ever. And welcome. You are listening to and watching the Financial Survival Network on your host, Kerry Lutz. Dena Vias is with us. He is CEO of a mobile, and we're talking crypto, and Dan, what can you say about crypto this year? It's been by far the best performer out there, better than the stock market, better than gold and silver, by a bit, not as much as in prior years. Right now, it looks like we hit resistance at 100k. For many securities, I look at psychological resistance, which is big numbers, and then you look at technical resistance, which is what the chart says. For Bitcoin, there's only psychology here. How long is it going to be till we hit 100k? I think that even though we're seeing a retracement today, it's still very likely that 100k is possible at the end of this year. I think that if you look at the last month, we're up like 40%, 45%, so it's very reasonable to have some sort of retracement. But if you look at just, there's so many tailwinds heading in this direction from the Bitcoin reserve that the administration is hinting at from the ETF inflows and the corporate treasuries and then are now voting on potentially buying Bitcoin, Microsoft, being one of them. And so I think it's very likely, and generally, you see a good crypto market in November and December historically, and this is without the external factors that we're talking about here. So long term, I think that it's without question, and I think that's why you're seeing guys like MicroStrategy being able to take in. He's been able to buy $7 billion, or I think he bought $5.5 billion in Bitcoin. Yesterday, and in three weeks, you've seen that stock shoot up significantly because of all the interest on his offerings. So I, without question, believe that 100k is very possible, but there is a psychological component to it because a lot of the people that are selling Bitcoin right now, if you look at the outflows, there are actually a lot of long-term holders and not necessarily the institutions like the ETFs, those are actually pretty stable, and they're absorbing a lot of that supply from the market. All right, so what about other cryptos, Ethereum? We're going to see a move there because it's definitely lagged Bitcoin. Yeah, it's actually really interesting. So I personally, my own portfolio bought more Ethereum over the last week because, you know, it's interesting if you look at the ratio, it was the absolute lowest it had ever been when Bitcoin was at whatever it was, 99,000, you know, a few days ago, and ETH was at like 3,3,100. It was the lowest ratio I've ever seen it, and, you know, I remember the days, you know, maybe two years ago when we were at like 65 Bitcoin this before, ETFs, before, you know, institutional, and ETH was at like 4,000, I think that just from a standpoint of, there's a lot of narrative on these new coins right now, but Ethereum is still powering the vast majority of crypto, whether you look at USDT, USDC, you look at a lot of the stable coins that are coming out, Ethereum is powering all that. So, and it's the only other ETF product out there that's, you know, it's a second, right? And so I think that we're going to see a lot more growth, and not especially as if you actually, if you look at the price chart today, it's really interesting to see that Bitcoin did, you know, fall, sort of percentage, but ETH remained relatively stable if you look at it. Ethereum says 5% according to my chart here, but I don't trust any of the charts, but it hasn't hit its record yet again. Right. It's record. Yeah. It's like, I mean, it's record high as, you know, low 4,000s, I believe, and I think that we will definitely see that, especially as, you know, a lot of this inflow is happening on the Bitcoin side of things because you're seeing that's where the ETFs are. That's where a lot of the headwinds are. And actually, the all-coin markets have been relatively unimpacted, but typically what ends up happening is there's a divergence over the months after, you know, the Bitcoin concentration is over, and I think that we'll see that, especially next year. But it does is a rising tide. You know, as Bitcoin goes up, a lot of the people that have been in crypto for years, and a lot of these Web3 projects, they, you know, now have more capital. There's a lot more liquidity in the market. And so those older holders, not necessarily the institutional holders, will diverge into these new altcoins, which creates a new opportunity for a lot of new projects in the space, especially in the United States, where now we may have a bit more regulatory clarity with like Gary Gensler resigning and some of the appointments that Trump has indicated. And that's going to make a really massive difference in the Web3 sector. And I think it's like going to see its golden years. I think we're in the 99 of Web3 right now. Yeah. So the antipathy of the government towards cryptos, I wouldn't say all of them. I'd say towards the leading cryptos is no longer there. I think there's going to be antipathy to these marginal ones that are really nothing more than scams, which is, you know, hundreds of them out there. I think you'll see a bifurcation embracing of the five or 10 leading cryptos and room for others to enter with certain ground rules that weren't in effect. That's a plus on a minus, but you do need a referee in this thing because a lot of people have been screwed out of a lot of money in these cryptos here, basic question. For those of you out there, I mean, you and I know how to buy this stuff. What do you think is the best way to buy Ethereum and to buy Bitcoin? Is it through an ETF or should I be looking at other vehicles? Oh, look, I think if you're an institutional investor or even a sort of institutionalized or retail investor, but you are used to trading on fidelity or a brokerage, you still have all the protections at the end of the day by putting into ETF. Obviously, they're taking a very small margin, but I would say that it really depends on your personal preference. I think the benefit of holding crypto in a wallet is that you have this whole decentralization aspect. Your money is nowhere, but if you lose the keys to that, you can't get that crypto anymore. And so, I think that that's probably the best way to get exposure while still having the downside protection because it's no different than the security portfolio that you currently have. And just to your previous point, I do think it's a very important component that we do have regulation in the industry. We've been self-regulating and have been in this web through space for years, and it's been without clarity in the United States. With that clarity in the United States, it will make the United States a leader in crypto and having financials, having those protections for consumers is imperative because yes, there are a lot of scams in crypto. And it's an industry that has a ton of growth, and with any growth, there's always going to be like that actor, so it's very important to stay on the forefront of that. And I think that that's what we're heading towards here in 2025. Yeah. Well, some people, they want to hold their gold, other people buy it in ETFs, I'm personally a proponent of holding it, but then you got storage problems. I've got 0.4 Bitcoin kicking around out there from when it was, you know, $600, so it was a whopping $240. And I'm thinking I will go for narco hypnosis where they give you drugs and probe your mind to figure out what the heck my key was because I updated my phone, the key, yeah, it memorized. It didn't work after that, and I've never been able to figure it out. I mean, if anybody out there has a way of doing this, man, you could clean up because 25% of the Bitcoin out there is lost, right? Literally there. And I mean, which benefits on this supply aspect, but yeah, there are some certain stories out there where there are certain hard drives that have literally $100 million in there, and people have like one guest left, you know, and they have like the most sophisticated hackers in the world trying to hack into this crypto, like white hackers, right? So that they can get the crypto out. So I would agree with you, that would be a great business. Maybe quantum computing AI will solve that for us, you know, but then that could break the entire crypto market down as well. So they are AI, you know, forget about quantum, the AI really, well, we'll see, I guess it's a conundrum here as the hard drive in a landfill and he offered it's got like 250 million of crypto on it's probably half a billion now, and they just dig up the landfill to find it. Yeah. Yeah. I mean, it could be worthless to get ROI. You know, to start a little like hedge fund, or go hedge fund to just go through it and pop the landfill, you know, and do it. But yeah, I think like left there's just going to this larger point of kind of where we are going with crypto. We look at the gold market, we're at an 18.5 trillion or something of that nature and Bitcoin today is like, you know, about 10% of that, right? It's like 1.8 trillion, you know, and so is it reasonable to say with, you know, millennials, Gen Z, who are very digital in nature, you know, we don't go and buy gold in that nature. And now digital gold is Bitcoin. And I think that it's very reasonable to say that this asset class will easily five to 10 X over the course of the next few years, especially if you look at the performance of the gold ETF versus the Bitcoin ETF, it's the highest performing ETF that's ever came out. And I think that that goes to show the growth potential here in this sector overall. Couldn't agree more. And yeah, so as far as looking to the future here, do you think that the ETS, the institutional interest now they're going to have options trading? Does that make it easier to manipulate the crypto market? I mean, it depends on the size of the coin, right? But it seems like if you look at even sailor, right, I mean, it's hard to say. It's like he bought $5 billion of Bitcoin in the last, you know, yesterday and the market went down, you know, and so I think it's, it's, is it possible to manipulate the market? I think it just would take a tremendous amount of capital. I mean, I think that if you have, if you look at the Bitcoin reserve concept where the U.S. is proposing, hey, or the Senator, which I'm forgetting her name, but for Wyoming, that's 5% of is the goal that she has to own that Bitcoin. Now, that would clearly, I wouldn't say that's a manipulation, but that would have a massive price impact in Bitcoin, right? If the U.S. suddenly owned 5% of the goal, because they also would spur an entire buy movement from all these other countries that don't want to get left behind. And that would be just a very parabolic thing where we may see then a million dollars of Bitcoin over the course of the next, you know, 12 to 24 months depending on when that's executed. So I do think it's very hard to manipulate markets in the scale of Bitcoin, but that's essentially the general idea of, you know, smaller markets, much more possible than those all coins that are 7 billion dollars. Yeah. Well, interesting times ahead, Dan, who want to find out more about you connect with you on the web, et cetera? How do we do that? Yeah. We're, uh, Navias, underscore AI, and then you can check out our website at mode mobile.com. We were building a lot of stuff in Web 3 and also in Web 2, you know, helping consumers get into earning rewards and earning crypto without having to put a bunch of money down to do it. All right. Excellent. Links in the show to this interview on financialsurvivalnetwork.com. When you're there, please sign up for your free newsletter. Appreciate you coming by, Dan. We will talk to you again and happy Bitcoin. Thank you, Carrie. Have a great one. Thanks for listening to Carrie Lutz's financial survival network, your solution to today's trying times. For the latest, go to financialsurvivalnetwork.com, financialsurvivalnetwork, now more than ever. [inaudible] [inaudible] [inaudible] [inaudible] (upbeat music) (upbeat music)
