The Man Who Cracked The Crypto Algorithm | Crypto Banter

Crypto will eat your life. >> Today I sit down with crypto insider Rand Neer, founder of CryptoBanter. >> The objective in the cycle is not how much money you can make because you're all going to make a lot of money. It's how much money you actually land up keeping >> about what's next for Bitcoin. >> As you realized the other day, when the Bitcoin moves actually start, they're quite violent. >> What's actually next for altcoins? >> After 9 years, ETH just broke out of a 9-year downtrend against Bitcoin. >> And not every coin. It's not going to be all the altcoins. It's going to be select altcoins. >> Watch today's whole video. You will fail at trading unless you learn this. You do not want to miss this [music] conversation. >> And that's why after being here for 13 years or 12 years in crypto, I'm more excited about this than I've ever been. >> Ran reveals everything, >> which I think is probably the most important learning that you can have as a crypto trader. Okay, now most of you won't get this, but I'm going to say it anyway. Click subscribe so you never miss [music] conversations like this. And let's start Ran with your background. >> So before crypto, I built and sold the biggest marketing company in Africa. I sold it in a very highly publicized deal. It was sold to a company called Publicist. Uh it was sold for $150 million. And the reason why I sold it is because I was so tired of living in a linear world. And I discovered this thing called Bitcoin which was the ultimate in exponential. And when I discovered Bitcoin, I knew I had to go all in. And so I very publicly took a large part of my proceeds of selling the agency and I bought Bitcoin at the time and at the time Bitcoin was trading at about $400,500 $600. Like the price was fluctuating around those prices and so that was my entry into crypto. >> So you've been in crypto for decades. You've seen it all. At least eight decades. >> Yeah. I my first Bitcoin purchase was I think end of 2014 somewhere around there. Um that was I think around $400 or $500. I don't remember the exact price. uh in 2014 and I've been DCAing ever since. My thesis is that we're very very much in a new bull market. I have I'm not just saying that there's a lot of reasons why I think we're in a bull market and if you allow me to share my screen I will uh show you all why I think we're in a bull market. So the first data point that I have is generally if you look at Bitcoin and you look at the let me try and find it for us the 200 week uh weekly average right so that's a bitcoin that's a 200 week average what you see is that in most bare markets actually bitcoin bounces off the 200E moving average so you can see it over here that was the 20 20 2017 bull market and the bare market we bounced off this line over here if you go back all the way to here to the previous bull market you can kind of see the same thing basically happened on a very small scale. That trend follows and the only time that we actually went below that was in 2023 when we had the big unwinding and the big deleveraging around FTX. And so one of the data points that usually tells us that we've reached potentially the end of the bare market is the fact that we bounced off the 200E moving average and we did that exactly. So if you look at the at this point over here on the weekly, we bounced off the 200WE moving average and we got this big green candle. So, yes, I know that a lot of people were waiting for the market to um for the for the end of October because that would have meant that the four-year cycle had run its course. But ultimately, there's also another data point which says that we usually bounce off the 200E moving average. The analysis doesn't end there, right? The analysis I also compare the the I tweeted just before the the candle. I said, I think this market's about to trick us. I said, everyone's expecting one more leg down and a bottom in October, but I think it's either going to last very long or it'll spike very soon. out of nowhere. Now, if you notice when that tweet happened, that was August 18th. And if you look at when the spike happened, and I'll actually go down to the daily just to show you um how like it was it was on the 19th of August, the 20th of August, we started to get the big pump. So, how did I know? Because I'm not a fortune teller, right? And I don't claim to to have any information that no one else has. But if you look at Bitcoin since the 3rd of June and if you go the 3rd of June till the pump, there were 77 days where Bitcoin did nothing like nothing. It was in a range between 60,000 and 64,000 for 77 days. At the same time, there's this thing called the Ballinger band width or the Ballinger band indicator. Now, what does the Ballinger band measure? They measure when there is no volatility on Bitcoin, right? And when there's no volatility, generally we expect a pump or a pump or a dump, right? So if you have a long period where the Ballinger bands compress, basically they decompress and you get a big move. Now if you look at the Ballinger bands here before the move, the Ballinger bands were just under five. We've very very very rarely been under five in Bitcoin's history. It's probably you can probably count on both hands how many times we've been under five, which meant that a big move was imminent. Now the move could have been up or down. I took a bet that the move was going to be up because we on a 200E moving average and I said, you know what, big move, 200E moving average, that's probably a good time to to actually be getting into Bitcoin. And so far, it seems to have been done well. But the truth is that I don't only base the analysis on the chart, right? There's actually like a couple more data points that I that I basically look at. The first thing is I'm going to go back to the chart because I just think it's it's a good place to look at it. But the first thing is to look at the end of the previous bull market. So if we look at the end, sorry, the end of the previous bare market. So let me just get rid of that and make the charts a bit cleaner so that your audience can see them a bit better. Um, and then I'll show you something which I think is like it's pretty much pretty uncanny. So let me just close that and let me get rid of this line over here. So if you go back to the end of the bull market, the end of the bare market in 2023, that's basically the chart. Very similar chart. We chopped for a long time, hell of a long time. And then something happened here on the 10th of March and we got a big green candle on on the 10th of March. Now you can kind of see it here. I'll zoom in for you guys. After lots of sideways chop, very very similar chart pattern, we got to the we got a pump here on the 10th of March. What happened? Don't if you remember, but on the 10th of March, Silicone Valley Bank collapsed. So what happened was at the time that's the 12th of March the the bank collapsed on the 10th of March and the Treasury came out and they said we're going to backs stop the banking system. They didn't do anything. They just said we're going to backs stop the banking system which basically gave the banks almost like a financial stimulus because they said look if we can't go ins solvent we can lend more right because we can just lend more because we can't go insolvent because the treasury is going to backs stop us which is not very dis and if you look at what happened at that time we had the pump we consolidated a little bit and then that was the beginning of the new bull market and bitcoin did a 5x in that bull market that was a bull market that was triggered by an event that nobody expected It was an event around liquidity um or the perception of liquidity and that triggered the beginning of the new bull market and as I said Bitcoin did a 5x in that bull market. Not too dissimilar to where we're at today. I mean Scott Besson came out not so long ago and basically what he said is look I'm trying to bring down long-term interest rates. How am I going to bring down long-term interest rates? Well, I'm going to start buying back long-term Treasury bonds. So for those people who don't know what that means, this is the rate which the US pays to borrow for 10 years and that rate is getting really really really high which means that people are asking for a lot of money from the US government to loan them money. Right? Again very rarely has this rate been that high. In fact the last time it was was in October 2023 and the Fed and the Treasury immediately jumped in. So the question is if nobody wants to lend you money or they're charging you a lot of money to lend then how do you bring that rate down? Okay, there's very few ways to bring that rate down. And effectively what Besson said here said we're going to buy back our own debt. If Besson says they're going to buy back their own debt, that means that they're going to print more money to buy back their own debt. And what we know about Bitcoin is that Bitcoin loves environments where the Fed and the Treasury um print more money in order to buy the debt. And so that's where we're at. Now, I want to show you I quickly going to jump to another chart. Sorry, I'm show I'm showing you guys a whole lot of charts and it's becoming more like a a charting lesson, but I think very good to notice this. If you look at the gold chart since the move, gold is up 7.97%. If you look at the Bitcoin chart since since the the move, it's that candle over there and it's much bigger than the 7.97. It's about 35% on Bitcoin, which means that if this thesis plays out and the Fed actually uh and the Treasury actually put the money in circulation or they don't even need to put the money in circulation, all they need to do is to threaten to put the money in circulation and then what happens is that effectively trades the the the assets that go up are the scarce assets. So, gold silver platinum palladium Bitcoin and all the scarce assets. And that was exactly how the Bitcoin the the the crypto bull market started last time. And I'm almost getting deja vu because it's like the same thing playing over again and again. Now, importantly, Scott Besson can't turn back. Now, you can't tell the market that you're going to bring down the long-term lending rate and buy back your bonds and then not do it because then you'll lose credibility. And if you do, there's a bunch of people called the bond vigilantes. And what they do is they trade bonds against governments where they think that government policy is irresponsible. They trade against governments and most times or lots of times they actually win. A very famous bond vigilante was George Soros. He collapsed many currencies like that. Right? Uh there was an attack on the on the British pound not so long ago when Liz Truss was in power and they didn't like her fiscal policies and the bond vigilantes attacked the bonds. Now Scott Bessent doesn't strike me as a type of person who's going to back down from a fight. He's trained under George Soros. He worked under George Soros and Stan Draken Miller. And I think he's going to war with the bond vigilantes. And his only weapon is money printing. And we know how much Bitcoin loves money printing. And so kind of think like if you're not long now, then what are you waiting for? >> Well, Ran, you bring up that they were money printing in 2023. They were started money printing again. The United States is currently $40 trillion in debt. Nothing is in a straight line forever, meaning the Bitcoin price, there'll be ups and downs, but is that mean that Bitcoin will only keep going up? >> Look, there may be a correction. We've just had a very big move. It's a 35% move. We may get a slight cool down. I think that that's a traditional buy the dip opportunity, right? Why? Because I think the risk the risk return of buying something close to the 200E moving average is much better than than than not buying it. because we know that if your thesis is that Bitcoin is still going to be here, it keeps bouncing off the 200week moving average. You kind of got to assume that this time may be similar. So that takes me that's my Bitcoin thesis, but I'm kind of I'm excited about the Bitcoin bull market and I think we needed it uh in order to get momentum back in a market which was really dead. And I think you and I both experienced how dead it was because we had to make daily content for 77 days around the price of Bitcoin being at 64,000. Now, I don't know how you guys stomach that, but I can tell you it was one of the hardest periods of my life trying to pretend every day that 64,000 or 63,000 was very exciting when it actually wasn't. Right. >> For sure. It was a grind. It was tough. Luckily, I had my brother. But >> yeah, exactly. You've got a twin brother. I I don't have a twin brother, so I had to be here every single day. >> You have a whole team. >> I have a whole team, but but but I still have to do my own show, and my twin brother can't step in for me, unfortunately. Um anyway, Bitcoin now brought the momentum and now I want to show you the like I'm an altcoin guy and I'm much much much more excited about the altcoins. I want to show you. So that's the one month move on the altcoins. You can see there's been some really good moves. I mean Zcash is up 80%, lighter is up 80%, Pump Fund is up 100%. And so we're starting to see and hype is up 61%. We're starting to see that like the old coins are moving much faster and much harder than Bitcoin. Bitcoin's rallied like 25 30% in the month and the altcoins and it's not the altcoins it's a specific class of altcoins have rallied much much more and this is where I get very very very excited right and I want to show you why I get excited I'm going to show it to you again in the form of a chart I think the chart tells a story um I think if you look at the chart you can very quickly tell the story this is the ETH BTC chart it's a representation of ETH versus Bitcoin Right? If you were to break that down into a story, it's the representation of the altcoin market against Bitcoin. Right? It's pretty much like ETH is a representative of the altcoin market in general. And this is a comparison of ETH against Bitcoin. And I'll show you another chart just now which will basically bring it all together. What you can see is that in the beginning when ETH launched, ETH really outperformed Bitcoin for a while. Why? Because first we developed magic internet money and then we developed a way for people to contract and pay each other this magic internet money. Bitcoin was the magic internet money and this was digital value and ETH was almost a layer which was a creating a use for this money through the implementation of these things called smart contracts. That's really if you were to take this chart and say what is the story behind this chart? This is the chart of the money was created. A whole lot of applications or the promise of a whole lot of applications was created but it didn't work. ETH was slow. ETH couldn't process transactions. It was too expensive. people didn't actually create any real use cases until here when they did this thing called an ICO and people needed ETH for the ICOs and then ICOs became illegal or frowned on by the SEC and then for years ETH actually never had a real use case like just didn't have a real use case and then all of a sudden what you realize is after 9 years ETH just broke out of a 9-year downtrend against Bitcoin. All right, what does that tell you? It tells you that for years this technology never had a use case. But nine years later it's found product market fit. We've got tokenized stocks. We've got prediction markets. We've got derivatives. We've got everything coming onto chain. Currencies, commodities coming onto chain. SEC has basically said that they migrating a whole lot of or they they there's frameworks for migrating the whole financial system onto chain. And finally, we have a use case for this technology which actually by the way has started to work now, right? Why? Because there's ETH has got layer 2. ETH is much faster blah blah blah ETH and the altcoin market have basically started to work and so after nine years this has actually broken out. Okay. Now I want to show you another chart which basically tells you exactly the same story. The chart that I'm going to show you now is is others divided by BTCUSD. Uh BTCUSD which means others are the major it's others sorry others. Uh others are the major altcoins. The major altcoins and I'm comparing them to BTC. Okay. What do you see here? And again, I'm going to tell I'm going to watch the chart and tell you a story. >> Are stable coins included in this? >> No. Excluding excluding stable coins. So, what does this tell you? It tells you that we launched this technology and remember I'm comparing the the effects of a technology against Bitcoin. This was an old coin run against Bitcoin. Subsequently, it collapsed but it's on an upward trend. This is a second run of altcoins against Bitcoin which subsequently collapsed. Okay. What it means is that the altcoin market showed promise but then disappointed. The altcoin market showed promise but then disappointed. We know why it disappointed. Most altcoins didn't have product market fit. Uh they didn't have revenues. They didn't have users. They didn't have a real use case. And so they didn't perform well against Bitcoin. But ultimately we're in an upward trend, right? Even against Bitcoin, altcoins have been in an upward trend. Now, we're at a point now where we do have a lot of altcoins that have real product market fit. We have Hyperlquid, which is a massive derivatives exchange. It has a lot of we have Pump Fund that makes and burns over a million dollars a day. We have we have lighter. We have a lot of protocols that are actually starting to generate revenue. Okay? And you can see that this chart is actually bouncing off the trend line, right? It's like just started it bounce off the trend line over here. Okay, what does that mean? It means that if my thesis is right and we bounce over here, we start moving up. But where do we move up to? Because if you just plot a very simple trend line and you say, okay, well, you know, if if there is a channel and this does play out and we do bounce off the the uh here it is. If and we do bounce off this level over here, let's just just for fun, let's just draw a little like I don't know whatever we do and we go up and down, up and down, up and down and eventually we land up somewhere here. Okay, right now the market cap is 2.5 trillion billion dollars and we're going to go all the way up to 16, which is an 8x or 7x. It's a 7x from where we are today. Now, is that possible fundamentally? I think so. Why? Because the protocols actually work. They actually have product market fit. They I mean you've got multiple protocols that are making multiple millions and hundreds of millions of dollars per day, per year, per month. And it's just the beginning cuz we now it's now much more legal to do it. They found product market fit. We're migrating assets onto chain. Um and and ultimately I think finally this industry has real product market fit. And that's before you add in the AI agents. So product market fit with humans only takes you to a certain point. But how do you do an AEX in the altcoin market? I think you need a new class of traders. Who is the new class of traders? It's not humans. It's a bunch of AI agents. Billions of AI agents. I'll have 10, you'll have 10. Everybody else will have 10, 15, 20 AI agents. And they'll meet each other online and they're going to need to do transactions. Only problem is that my agent doesn't know your agent and your agent doesn't know my agent. But I need to buy something from you and you need to and you need to sell me something. So the question is how are we going to contract? I mean we're not going to get lawyers to do contracts, right? So we're probably going to have to use a smart contract and because we don't know each other, I want to get my money now. I don't want any rebate from any banks and any risk that you may reverse the transaction at some point. And therefore the only technology that I know is blockchain technology which gives you final trustless settlement between two parties interacting on the internet uh immediately. And so ultimately my thesis is that we're in a bull market. My thesis is that Bitcoin is exciting but the altcoins are going to be seven or eight times more exciting than Bitcoin in the cycle. It's not going to be all the altcoins. It's going to be select altcoins that have revenue models are growing in users and have a way of giving the revenue back to the token holders. So buy and burn mechanisms etc etc. And ultimately if you can find those kind of protocols and those protocols are also going to be used by AI agents then you got yourself a slam dunk because then you've got all the criteria in one and that's how I think the cycle plays out. And that's why after being here for 13 years or 12 years in crypto, I'm more excited about this than I've ever been. >> So Ran, you're saying that altcoins that have a buyback of the token model will do good. Isn't that how that's not that many coins right now? That's hyperlquid. That's there's there's coins that have revenue, but in terms of using that revenue to buy back the token, that's a small list. >> So um let's look at the criteria. You must be you must have found product market fit. You must be growing in users and and hopefully you're a network which means that every user that you grow by adds value to your network exponentially, right? Exchanges are networks because as every user joins an exchange, it adds more liquidity. And the more liquidity you have, the more people use your exchange and therefore it's a network. It's a it's it's a money network. So you must have product market fit. You must have user growth. And especially in in a network type situation, you must be growing in revenue. A lot of protocols have users but haven't found a way to monetize it. That doesn't count. There's a last one which is have they found a way to transfer the revenue back to their uh token holders. That one if the switch is down that is the most attractive token in the whole world. Why? If the switch is up everything is already priced in. If the switch is down and you can make a reasonable assumption that they're going to switch it on at some stage, right, because they haven't switched it on, they've maybe spoken about in the in the past and you can buy it before they put the revenue switch on, then that is a that is the best time to buy. Let me show you a chart and I'll again chart story. So this is Cards. Cards is a it's called Collector Crypt. It is a company that sell Okay, that's a bad chart, but let's see. Maybe we can. Okay, so it's a company that sells Pokemon cards or not sells Pokemon cards, but ultimately they tokenize Pokemon cards and they allow you to sell the Pokemon card as a represent the token as a representation of the Pokemon card. So, they have these big warehouses. You send them your collector cards. They hold on to it, but they give you a token that you can trade online. Now, they make a lot of money. I don't know the exact numbers, but it's tens of millions of dollars. But they haven't yet switched on the fee buying the fee the token buying mechanism formally. They have got a bot that buys tokens, but it's not formal. And what you can see is that the other day they published a memo. And in that memo, they said, "We're going to switch on fee fee buying. We're just waiting for some clarification from the SEC." And that gave them a 45% pump. Okay. So, what am I trying to say here? If there's a token that meets all the criteria but doesn't have the fee switch mechanism on, that's a sitting duck. That's where you're going to make most of your money because you're going to say, "Have it has it ticked all the other boxes. Can I be can I buy it before they actually do the fee switch?" If the answer is yes, then and they do switch on the fee switch, then you might get a 50% bump. >> What's your outlook for Bitcoin in this next cycle? Do you think if the market cap of crypto goes to anywhere from 10 to 16 uh trillion uh bitcoin doubles? What what do you think? >> Um hard to say. I think if it was double it would be a very it would be a very disappointing cycle. Like I mean you're saying double from here it wouldn't even take us it would take us just above the previous all-time high. Now bear in mind in the previous cycle from bottom to top we did something like a 6x or 7x. So you know take bottom to top where we were now I think our bottom was 50,000 6x 300,000. Let's say we don't get to 300,000. I I would be if we didn't double the cycle I would be very very disappointed. >> So what do you think? Like how do you judge it? Like what are you telling your audience? >> I don't I don't I don't make I don't make uh targets. The reason why I don't make targets is because people quote you on them and most most of the chances are that you're going to be wrong, right? I know the numbers up and to the right. I can tell you that data tells me that the cycle before we did over a 10x. Last cycle we did a 6 or 7x. I mean, you know, bottom to top, where do we go in the next cycle? Be disappointed if it was a 5x. 5x takes us to between 250 and $300,000. Yeah, I'd be very disappointed if if if we we didn't get there. And I also think that Bitcoin is going to shock us. So I think as you realized the other day when the Bitcoin moves actually start, they're quite violent. Like the last move was a 30 something 30 something% move, right? And it happened over a course of like five, six, seven days. That's that is how Bitcoin reacts, which is why they say in with Bitcoin specifically, time in the market beats timing in the market. And I think that I think we're going to be back at all-time highs much sooner than people expect. I think that we're going to consolidate. Maybe we'll have a bit of a correction, but then when we start the next leg up, um I think we're going to I think we're going to move up much quicker than than people anticipate. Why? Because if you look at the NASDAQ and you look at the S&P, they're all at alltime highs, right? Those markets aren't exciting and they're quite tired. Like they're quite like they're at all-time highs. Um they've absorbed a lot of capital, etc. The most under undertraded trade right now or the most underinvested real asset that is available in in with ETFs etc. right now is Bitcoin. Yes, gold is too, but gold's quite near its all-time highs. It's probably 10 20% away from its all-time highs. Bitcoin is about 40% away from its all-time highs. And so I think that when the pump comes, just like we had a 35% pump this time, I think we're going to get something very similar. ran Ethereum or Solana. Let's say I have both, but I want to top up my position. I want to I want to make money this bull run. Which would you choose? >> Solana. Salana. Why? Because it's um again it was hit very very very hard. I think the alltime high was near $300. It was it's back under $100 right now. At 100 we could just check the the latest price of soul. Uh let's actually just see what the price is. Tell you exactly what it is. So, right now, Soul's trading at $101. Uh, it was at $105 the other day. Um, ETH, I think alltime high around $4,500. It's 50% down. Soul's about 66% down. You know how this thing works. If the market goes up, the I also think that Salana has a much more energetic community. I think ETH is much more like an ETF style community now. Salana is much more like an energetic community. So, I think when it starts pumping, it'll really pump. And if the thesis is the crypto market cap can 8x meaning go from around 2 trillion to at most 16 trillion obvious not all altcoins will benefit. It's altcoins with product market fit that have users that that cover your list. Solana and ETH fit the tokenization mega trend. Um do you see like how what's the projection for Solana? >> So I'm not really excited about the L1's. I'll be honest with you. Why? Because I think the L1 race has already been won. I think it's ETH and I actually don't think it's ETH. It's Bass and and Robin Hood chain and I think it's Lana. I think those that's the winners in the L1 race. There's a contender that's quite far behind which is Suie. Can they make it? Can't they make it? I don't know. There's another contender which is Telegram. They might make it because they have distribution to over 1 billion phones. We don't know. The L1's don't excite me. What excites me is the applications that are being built on the L1 and are generating revenue. So like Hyperlquid generates revenue because of the the perpetuals decks which is called hyperlquid decks, right? That's the that's the part that actually excites me. It's applications that are built on the L1s that generate revenue and give the revenue back to their their holders. I think we've spent 10 years, 15 years building infrastructure now and now it's time to actually build the use cases on the infrastructure and I think that that's the cycle. >> So give me a list top five or top six. Hyperlquid is one. >> What else? >> Let me actually show you. Let me actually show you my portfolio. I think that's probably the easiest way to do it, >> please. That's how I I like to really get to know a person. Look at their portfolio. >> Okay, so here's my portfolio. I'll show you mine if you show me yours. Um there's my portfolio. It's a Bitcoin. Bitcoin, Zcash, because I'm betting on privacy being the next narrative. So, Bitcoin is a store of value. Zcash is actually usable private money. ETH because it's part of the layer 1 war. Soul because it's part of the layer one winner. Hyperlquid because it has the best money uh the best flywheel to put money to give money back to the users and it has a lot of revenue. Lighter which is the alternative to Hyperlquid. It's the same principle. It's a perpetuals deck but it's the most regulated perpetuals decks in the United States. And I think now in the era of regulation, every time Hyperlquid faces a regulatory headwind, light is going to benefit. Betenza, which is the big AI play in crypto. NEO protocol because NEO protocol allows you to switch from Zcash to any other token. Not any other, but multiple other tokens while keeping yourself anonymous, which is a big thing because if you're holding Zcash, you care about privacy. And now in order to swap those tokens into other tokens, you need to go into an exchange. But when you go into an exchange, you break your privacy because they know exactly who you are. And so NIA allows you to swap your Zcash into other tokens. And so NIA Athena because it represents yield around exuberance in a bull market. The more stronger the bull market is, the more yield the Athena USD gives you. Venice, which is the anonymous LLM basically. So you can surf, you it's like using chat GPT or or or Claude, but you don't leave them with your data. So like you know I asked Claude some very personal questions and I don't really want anthropic knowing my personal life. This is private. Uh they also have over 4 million users and $100 million annualized revenue and they buy back and burn tokens. So very good worldcoin because I think it's the king of all AI tokens. I think Open AI is going to list and I think when it does it's going to be good for Worldcoin Canton which is a uh uh layer one for institutions effectively. I think that that this one's a good bet. Pump Fun because it's Pump Fund and it generates over a million dollars in revenue every single day. GTO because it captures a lot of the extractable value on Salana. So if Salana succeeds, GTO succeeds. Telegram because of distribution cards because because I I believe in real world assets and trading cards and they've got a great revenue model options onchain options my bet is a a protocol called derive then aerero drrome because it's the bet on base it's the biggest dex on base and then curve finance the reason why I like curve finance is because I think that that when AI agents are trading we're going to have multiple different stable coins and curve Curve allows you to trade in and out of stable coins with very little um with very little slippage. And so you see Curve is actually up 14% today. I don't think it's up on any news. I just it's I think people are starting to realize that in a world with thousands of different stable coins, how do you swap from one stable coin to the other without losing uh without losing a lot of money. And then the last one which I'm holding but it's on probation with me is Suie. And the reason why I say it's on probation is because look, they've been going for like one and a half cycles now. They haven't got a killer app on their network yet. Right. Recently, Phantom the wallet also removed them and is not distributing Suie anymore. And so, I'm kind of looking at this, I'm going, "Look guys, you know, there's some smoke and you guys haven't got that killer app yet. So, at some point, you need to actually deliver." And so, like, I've got it, but you know, they're on probation. Let's just say it's a probationary trade. Ran, I want to um transition a little bit to to trading. You have a huge trading community. You have a huge audience. You have a network that teaches these people every day. Finish this sentence if you would. You will fail at trading unless you learn this. >> You'll fail at trading at trading unless you learn this. So, I think the biggest problem that traders make is they trade on the emotions. I'll tell you a little story. I was I was a very bad trader. I think I'm a better trader now. And why? Because I traded on my emotions. Every time a token started running, I bought it. And every time it started falling, I sold it. And then one day I did something which was in my it changed my whole world. What I did was I started two accounts. The one is how I wanted to trade and the one is the opposite of how I want to trade. So basically what I would do is I'd say if I really want to buy a token either I'd buy it or I would go and sell it on the other account. So I would do the opposite of what I wanted to do, right? And the account that that my opposite account was my best account ever. And then I realized that this game is rigged. It's rigged because it gets you it draws you in on emotions. You always buy once the token has started pumping and you always sell on the way down. And that's the problem. And the biggest lesson that I can give people is just do the opposite of what you think. Also, if you're not a trader, don't try and trade. Trading is a very, very, very tough game. You're not a trader, don't trade. If you're not a buy and hold, I've just given you a list of 20 protocols. Pick your own list with your own thesis and just hold it. Buy it and hold it. That's how I've made the most money. I bought Bitcoin at $400 or $500 and I held it to $125,000. on the way down as well. I bought ETH at $9 and $6 and $4 just after the ICO. I bought Zcash at 60 bucks and I'm just sitting and holding them. So, if you're not like if you're a trader, if you got a skill, if you've learned a skill, be a trader. If not, then just buy and hold. That's, you know, if you think about all big investors, they've all told you they made their money in exactly the same way. They buy and they hold. I've never seen a trader in the Forbes top 100 ever. So I think that that should give you something. >> That's true. That's true. Trading like the reason TA works is it's you're trading against humans. Like it's human psychology, right? And you're essentially saying there's the masses that are all going to be moved by emotion. You trade without emotion. >> If I think that's why I think AI agents are going to beat us because an AI agent doesn't care about your emotion. Doesn't care what you think. It's got a bunch of lines. It's got a bunch of grids and it's going to trade on a bunch of lines in a bunch of grids and it's like simple as that. Like so like my feeling is you're not going to outrade the AI. I think if you use good technical analysis, you got a good chance. Problem is that when you mix emotion into it, you're dead. >> Ran, there'll be a lot of new people entering crypto over the next few years. If your thesis plays out for all those new people, take me behind the curtain. What is something that that happens in crypto that new people don't realize? >> Wow. Um, I think crypto will will eat your life. So, when I say it's the most exciting place that you can be. It's open 24/7. It is the ultimate dopamine machine. Why? Because dopamine works on a reward. You know, dopamine is the is a drug. It's a hormone in your brain which is actually a drug which basically when you achieve something it tells you you're a genius and it tells you to basically try and do it again so you can get another fix of that dopamine. Crypto will absolutely absolutely consume your life because it's an ultimate dopamine machine. Right? So you're going to come here in the bull market. You're going to get a tip from someone. You're going to invest in something. You're going to make money. You're going to think you're a genius and you're going to do it again and again and again. And my best advice to you is number one, don't get carried away. You're not a genius. And you'll only realize it at the end of the cycle. The objective in the cycle is not how much money you can make because you're all going to make a lot of money. It's how much money you actually land up keeping in at the end of the cycle. Now, I tweeted something the other day and I said, if this is your third cycle in crypto, this is the first cycle where you're actually going to make money and actually keep it. So, so don't get carried away when you're making money on the way up. Take profits and keep them. And take profits outside of crypto because crypto works in cycles. And no matter how good you are, when Bitcoin's down, the whole market goes down. You know this, I know this because we've been here for a long time, but we get so rich in the bull markets and then we just lose it all in the bare markets. And we're good. We're here every single day. So, number one, don't get carried away. Number two, take profits outside of crypto. Make money in crypto. Invested in stocks. Make money in crypto. Invested in gold. And I want to say one more thing about crypto which I think is probably the most important learning that you can have as a crypto trader. Okay, now most of you won't get this but I'm going to say it anyway. When you are trading crypto, it's a 247 casino. It's the most exciting place to be. It never ever closes. It works all day, all night, all weekend, all vacation, all Labor Day. It works all the time. There are always opportunities and there are always buses coming. Every two seconds another opportunity comes. You miss what you you c if you don't catch the first one, you'll catch the second one and the third one. Here's the biggest piece of advice that I can give you. Don't delay time with your loved ones because you're waiting for crypto profits. I can't tell you how many weekends I spent trading instead of spending time with my family and with my kids. Why? Because I was making so much money and it was so much fun that I was addicted to the game. Okay. The truth is I realized that the pumps and the opportunities will always be here, but your loved ones are going to grow up really quickly and maybe at some point you might lose some of your loved ones. So I think the perspective is that there's it's crypto is the land of opportunity. There's going to be so so so many opportunities. Don't put off a real opportunity to spend time with your friends, family, and loved ones because of the profits. The profits are going to be here forever. Ran, what is your exit strategy? Like I don't want to round trip at this time. Like like this last cycle, everybody's screaming Bitcoin's going at least to 140K. Topped out before that. The altcoins did worse. Everybody's screaming now Bitcoin at least to 250K. Like h what is your exit strategy? >> I just take profits all the way. I reduce risk all the way on the way up and I reduce it outside of crypto. Why? Because the crypto market moves as a market. Which means that if you're taking money out of Bitcoin, profits out of Bitcoin, but you're investing them in something else, you're not actually doing anything because the crypto market all moves down and up at the same time, right? So like generally I take a lot of profits along the way and I invested in gold. I built a massive gold position in the last cycle. Like crazy. I looked at it the other day. I was like, "Wow, I've got a lot of gold." Like I'm not even a gold investor. I just needed somewhere to put the profits and I put it into gold. I bought NASDAQ ETFs. Like why? I'm not really good at stock picking on the NASDAQ. I just bought the ETF. Okay. And that position itself doubled or something since I actually bought it. Right? So my advice is yes, crypto is fun, but if you make money in crypto, put it into something real. Buy yourself a house, buy yourself buy yourself an investment, buy yourself some ETFs that are outside of crypto. So make money. Come here. Come here and make money, but don't reinvest all of your money into crypto. Take some out and put it into other places. You're here to make money so that if you make money, you can build yourself a diversified portfolio. And by diversified portfolio, I mean that hey, if crypto goes down, which it did in the last cycle, and stocks go up. Look, we're still here because we had stocks and we had crypto. How did we how do we accumulate the stocks? We made money in crypto. And you know, I think the problem with taking profits is that you take profits and then you get FOMO because you're not in the market. But if you take those profits and you invest it in another market, then it's almost like, okay, great. I'm out of this market, but I'm actually in this market. So, you've got two sources of like dopamine, if you want to call it that. And so, I think, you know, we all came here in the beginning of like, wow, we we crypto guys, we're going to make money in crypto. No, yes, you crypto guy, but you're also a gold guy and you're also a stocks guy, and you're also a very nice property guy cuz you're you're going to buy yourself a nice house at the end of the cycle. Um, if you make money, um, and it and in crypto, money does come really fast. Uh, don't spend it on watches and cars and and, um, what is it? Uh, Louis Vuitton tracksuits that Richard Hart and, uh, Bit Boy used to wear. Why? Because at the end of the cycle, you're going to look back at those on those purchases and think, "What the was I doing?" I know guys that I know guys that in the bull market bought all those fancy things and in the bare market all they needed to do was try and sell them. People were fireelling watches and all that kind of stuff. Don't be that person. Just be humble and just take your money and put it into into other ETFs and just enjoy the ride. >> Ran, I'm I'm so glad you shared your time with with us today. I I feel truly more prepared for this next bull market. I want to have you back in 3 4 months revisit some of this. In our final 8 minutes, I want to take it over to the member section of the altcoin daily army where we can talk a little bit more specific, a little bit more nuanced. But before that, just final thoughts for the altcoin daily army. >> Yeah, I mean, as I said, I think we're I think we're in a amazing cycle. I think AI the combination of AI and product market fit is going to send this thing to the moon. And I think if you're here, if you're here for the third time, this is the cycle that you're going to keep money. And if you're not, then try and learn from all of us that have been here. Um, you're going to make a lot of money. Uh, just make sure that you do the right thing with that money and that you that you're fiscally responsible.