Bitcoin outlook, Solana ETF launch and July 2025 crypto themes with Kelly Kellam

Transcript

GM. Good morning. Welcome to the Milk Road Show, the daily crypto show that's excited, confused, slightly messly, and somehow still adorable like raising a puppy. I'm your host, Jay Hamilton. It's Thursday, July the 3rd. Happy Independence Day, one day before. To all the Americans listening in, happy I forgot to wish all my fellow Canadians a happy Canada Day earlier this week. Happy patriotism to everybody around the world because I hope wherever you are, you're doing well. Today we are joined by Kelly Kellum, director of BitLab Academy and host of the BitLab Academy podcast. We're going to talk about Bitcoin, where we're at right now and where we could be going by the end of the year. Standard Charter just put out

a new Actually, I didn't say new. They reaffirmed their Bitcoin target for the end of the year. 200K by the end of the year. We're going to break that down and where we think it's going. Ethereum ripping this morning. All coins, everything is ripping this morning. Everything's looking good. ETH, we're going to talk about what's going on with ETH. We're talking about Solana ETF launched yesterday with staking. First ETF with staking. You can get rewards, your staking rewards through an ETF. I can't believe that happened so quickly. Incredible to see the 180 change that's happening on the regulation side from the US government that's allowing these types of things to happen. So, you can bet that Ethereum ETFs with staking will be coming soon as well. So much bullish news to break down. Before we jump in, if you are struggling with your crypto portfolio and you want to understand how

to build a well-rounded crypto portfolio, you should check out our free guide that will help you. It's basically like a cheat code for crypto portfolios. Hit the link in the show notes to get the free guide today. Today's episode is brought to you by Nexo, the platform that grows your crypto without locking it away. Also brought to you by Letin. Get cash without selling your Bitcoin. Without further ado, Kelly, welcome to the Milk Road Show. You know what? I'm just happy to be here. I uh I've had this uh I'll just share this real quick.

This uh wonderful addition to my life recently here on the screen. Uh I don't know if you could share that up on there. Yeah. And uh this is the this is the this is what I call the accumulation phase. This is a wolf just before the spring uh before she goes into uh you know maniac mode which uh you know I don't know if any of you guys I mean this is where is she at? I just shared this this morning right here. This is uh premaniac mode. Just by the way this is the fourth yes the fourth indestructible toy that she's destroyed in two days. Uh I'm talking this is uh middle of pre-shred before full shred. But uh I'm feeling good. The markets are looking

absolutely fantastic. Uh you know, from the S&P 500 complete meltdown uh where you know Trump is the dumbest guy ever and now all of a sudden you see it uh the markets pushing to new highs. Bitcoin with the most overwhelming bullish case we've ever seen. Uh I was talking yesterday on one of the Mario shows about how it's interesting that people are still asking. And I get it because people are still finding their way to Bitcoin even just hearing about it in a way that is meaningful because everybody's heard the word Bitcoin in America at least at least once, you know, since its inception. But it's got to the point where now people hear the word Bitcoin and go, okay, let me be curious about it. And so people are

wondering, man, you don't buy things when they're high. So how can you say buy Bitcoin now and Bitcoin's over $100,000? Well, you know, a friend of mine, Dave Weisberger, says this also regularly. The difference is everything pre January 20th, every every minute of the Bitcoin chart pre January 20th was a bet with risk. Now with Bitcoin, we've entered what I call epoch 2, this whole next phase of Bitcoin where Bitcoin has entered the world stage in a way that is supported by the dominant player of the world stage, which is the US. And so if that's the case, then that means that Bitcoin at $109,000 is actually the starting point for where it's going. So

we need to stop asking, isn't it high? It's how can I get as much as possible now? Because now it's the asymmetric bet of a millennium right now. So we all need to be focused in. And that's why I'm happy to be here on the show with you talking to some more people and sharing this sharing these thoughts. I love it. I love it. I love the uh the the proud puppy father energy that you're bringing today. That's awesome. Great to meet Olly. Ollie's sleeping in the background. Maybe maybe she'll wake up and jump on your lap at some point during the show. We'll get to say hi to her. Uh I think that I I completely agree. The thing that I've said for a while is exactly what you're saying, which is there was only one thing left that needed to happen for me to

confidently tell all my friends and family to buy Bitcoin. Right. because I was confident in saying that to a lot of people before, but only the ones that I knew would go do the research and think for themselves. Whereas like, you know, a lot of friends and family, you know, you get together, they're like, just tell me what to buy. I don't want to think, right? And the one thing that needed to happen was governments getting behind it and central banks getting behind it. That was the last chip to fall. And that happened. And now that that has happened, unfortunately, because of macro madness, we didn't really see the price action that we thought we would see to start this year.

But it doesn't. All those tailwinds still exist. The setup is still there. And it seems like macro is sorting. Not only is macro sorting itself out, all trains, all roads lead to more money printing and the big beautiful bill that is currently passed the Senate and back in the House. Now, we'll see if this one passes this week. What does it have? Even more money printing. It it proposes even more deficit for the US. So it's just like there's just there's there's never been a better setup for Bitcoin and risk on assets. And that's where Bitcoin plays this like very interesting dual role right now, right? Where you see it's it is starting to be seen more as a safe haven and you are having those type of like gold bug investors, macro investors that are buying Bitcoin for

that play. But at the same time, it's still a risk on asset. And what happens when we have money printing? Risk on assets fly, right? Risk on assets move. And so I think I don't know what your thoughts are. Let me just pull up this this uh this article from today was that um Standard and Charter released re-released their uh their target for for Bitcoin for 2025 and their target is 200K by the end of the year driven by ETF and corporate treasur treasury buying. I don't know where you think Bitcoin's going this year. I I'm kind of mixed feelings about it because I very much think that $200,000 is very much like a very dominant possibility of where we could go. I think we're going up throughout this year and and I don't

want to say the four-year cycle is broken. I think I'll say the four-year cycle on Bitcoin has been misunderstood, right? It played out in a certain way pre January 20th of this year. And one of those factors is the fact that it was a risk asset before and some people still want to put it in that risk b bucket right now because it still performs like a risk asset. But it's very quickly becoming known and we can see this by the corporate stacking. Even the corporate stacking versus ETF stacking, you know, where retail players and stuff like that. I'm talking about corporates putting it on their balance sheet. I'm talking about them buying Bitcoin. Not even corporates that are buying Bitcoin ETFs. That's the exact chart that I was thinking of. that specific chart, we're seeing that the

Bitcoin that's getting stacked. Corporations, uh, they're not buying this for a quarterly trade. They're not buying it for, you know, if it dips a little bit, they're going to have some issues. Uh, if you come over to my screen right here, they're buying it with some of these cons uh, considerations right here. The Trump's executive director of crypto says industry is probably going to go to 15 to 20 trillion dollars. That is a massive move from where we're at now. That's up basically $17 trillion from where we're at right now. And so considering that and considering that yes, Bitcoin has historically run on what we'll call a four-year cycle, but that's also techdev. if you ever follow his stuff, techdev_52, he he's kind of made the case for the

last three or four years that is it the four-year cycle or does is it just so happened to be that the four-year cycle, whoever Satoshi Nakamoto is, he she they whoever the group of people or person is, maybe they were so genius that they put it on the presidential election cycle, they put it on the global liquidity cycle, they put it on the business cycle. All these things lined up and all of it was a risk asset before. Now, because we have corporate stacking, we have sovereign bodies like the US with the uh strategic Bitcoin reserve now in executive order to figure out how to get that done. We have states, they have already enacted a strategic Bitcoin reserve. We have big money players coming in. I don't think we're going to see major dips anymore.

However, I will just highlight something on this this chart right here. This is very important. The difference here is when we you and I were thinking about we have Bitcoin eyes. The second we learned about it, you know, within that month or so, everything that I was about became about Bitcoin, became about the digital asset ecosystem, and I felt like I was losing my mind because this was back in 2015, 2016. There wasn't a soul within a 100 miles of me that I could talk to about it. And if they were, they were in a cave somewhere mining their own Bitcoin. Now we have community around this but there people are not understanding this dynamic where this feels like it's the end of the world in an asset. This 40% drop feels like the

end of the world in an asset. However, when you this exact dip, if you look at this zoomed out, that's the 40% dip right there. That's that's the end of the world. Well, it looks like uh all these doomsayers were so overwhelmingly wrong. And so I I bring that up because not that I think we're going to be getting an 80% draw down or 60% or consistent 40% draw downs, but even looking at the cycle that we've had so far and this this uh you know, I've got a couple of things outlined here. This is the FTX bottom. Boom. Into the world, right? But then it broke out after all there's a bunch of onchain data that suggested signals for moving up the time scale on the four-ear cycle, all this.

But once we established this, we had this nice runup into the ETF speculation, but then oh my god, it was the end of the world again because we got a uh 20 over 20% pump to the downside when ETFs went live. I thought ETFs were supposed to be good. This is the short-sightedness of markets because then from that draw down when the market was over, ETFs suck. Whoa, we got a 90% move to the upside. Oh, it's back. We're going to $300,000 in two months. Well, then the market humbles everybody and we go sideways. We go sideways for 239 days into the most epic accumulation stage ever, especially with the end of the world again. Japanese yen carry trade.

We got a 30% pullback. 30% pullback down to 40, you know, was that $48,000 and then a mega boom from there right back up. Slingshot up to like 120%. So, the reason why I say this is there's something to be endured in spirit and belief about Bitcoin for you to really be able to to stomach this. And the more you read and understand Bitcoin, the more you look at each one of these dips as opportunities or an opportunity not to just go and stare at a 15-minute chart and be completely uh anxiety driven on every move because even with where we're at right now, this is a beautiful setup. We've come into this zone that I've highlighted for about

three months, this mega pump gateway zone, and we almost got it. We almost got it. We're right there again. Almost getting it. And you know what? We may break out of this this week and completely start moonshotting. But as I outlined on my show earlier on BitLab, there's still a very real case because of how much bullishness is involved to wash the people out of the market that are not strong hands. If this move bothers you or if this move bothers you, it's going to be hard for you. However, when I if I even bought here, which I did uh the other day to prove a point, I don't mind buying this top because if I buy down here as well, I'm lowering my average entry. The problem is you and I think about right now is the best buy opportunity in history because of the

asymmetric setup for this with all the support coming in with all the capital flooding and and only getting uh stronger and with more power or more flow coming into markets. But that's to be said, this is the best time in history. But if it drops, it doesn't mean it's over. Cuz we've seen this time and time again, and this has only always been setups for higher. If long meetings and judgmental bankers are your thing, Nexo is probably not. Nexo is a premier wealth platform built for people who value their time and money. It's built for people who have idle cash lying around and want it to grow fast. Whether it's Bitcoin, Ethereum, or even Forex pegged assets like USDT or USDC, Nexo

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spelled ln. and and and I I really like uh what you're the picture you're painting. This is a great Trading View chart that you set up, by the way. Uh especially because I don't think this volatility changes, right? Like I don't think we can sit here as bulls and I still believe we're in a bull cycle. I'm going to disagree with you. I think the four-year cycle is over. I do think we're in a new pattern now. And I mean is yet, right? You Okay. You think that too? Yeah. Yeah. that that where where we're going from here is very much driven by institutions and I mean just look at the numbers 245,000 Bitcoin was bought by ETF and corporate

treasuries in Q2 alone Q2 alone and that will that's corporate treasuries has climbed every single quarter over the past year and ETF is continuing to climb as well so that's not going to stop iB bit. Black Rockck's ETF gave them more fees than their S&P 500 ETF in the last quarter. So, wait, you don't think they're pushing it? And I saw you on your show today, you showed it, I don't remember, maybe this was uh from Matt Hogan from Bitwise. I don't remember who said this, but something about how uh investment advisors, one of the big things that people don't realize is, okay, most most investors invest through investment advisors. They don't It's

this one right here. Yeah. pull that one up because there is big flows going to come when investing advisors can advise to buy their clients to buy Bitcoin. What's the quote here? Read this to us. So he I was yeah in a space with the Mar the Mario team today and Matt Hogan said he said in the last three months and people are not going to understand what this means. Yes, we've had ETFs since January 11th of last year. Yes, Trump's been in office since January. But what he's saying is in the temperature and actual the regulation and not only regulation but the inner workings the policies within these institutions like Morgan Stanley and I mean there's some I can't remember there's an insane number of registered investment advisors out

there that are helping direct people's money and there's 10 trillion dollars and assets under management uh for uh registered investment advisors that have just based by their institutional policies have gotten the green the green light to solicit, aka to say, "Yeah, Bitcoin is a good investment. You should add 1%. You should add 2%." Even we got half of that 1%. Half of 1% of 10 trillion is a massive amount of money. That's $500 billion. It is crazy. It is crazy to think about the the the number of people that still do not own Bitcoin because a lot most of the world does not own Bitcoin. The the

other Matt Hogan quote that I love that's probably a year old now was that 95% of the world doesn't own Bitcoin, but 95% of all Bitcoin is owned. That stat would have changed by now, but that's where we're at, right? is that you have this asset that has a cap supply, which we've never had, right? Even gold, which is the the cap supply asset. You can you can mine more gold. And you can bet that if gold continues to go to all-time highs, there's a lot of people out there trying to mine more gold and trying to increase the supply.

Can't do that with Bitcoin. Not possible. And then at the same time, you have this asset that for the first time ever, retail can get to early. Now, it's changing because institutions are here, but hang on everybody. Like, just hold on. Do not jump ship now. But expect I really like what your your point is, expect that we could go down. Like I wouldn't be surprised to see below 100K again in the next few months, right? And I think if we do, great buying opportunity. I still think we end the year much higher. And it even if we do, let's say we get 200k in this cycle, maybe we get 250k. I've always my prediction has been 240k in this cycle which I think is probably sometime Q1 Q2 of 2026 and if we do hit that I'm not saying we don't go down again I think

our our drops in the next bare market are less than they have been in the past but I could still see us going down 50 maybe even 60% because it is still a risk-on asset it is still playing both of those trades right and I think it will continue to do so for for the foreseeable future Well, I want to highlight this because I I'm glad you said that number because it's kind of right in the zone that I'm talking about. I have this outlined and it talks about the different phases here that have also changed. We have the bull market, of course, this is what I call the regularly scheduled bull market on the four-year cycle. The start of Bitcoin financialization. This is where things really start changing. Uh with the ETFs getting launched here, it

wasn't just immediate. You know, after that first quarter, we saw I think it was 900. it was just under a thousand corporate institutional stacking into the ETF which was almost like oh this is the kind of data big money players like to look at. So that starts opening up the the the the curiosity and the pocketbooks of instit institutions corporations and developers on how they can get into this field. And then we have this this green phase right here this boxy which was right when this crypto administration was elected. This is November 5th of this last year. And then of course we have the inauguration here. This is where the world is racing to stack Bitcoin because now we have the biggest country in the world talking about starting a a strategic Bitcoin reserve and stacking a million Bitcoin in addition to a lot of the regulations

that that are coming out and and and so forth. But even even despite all this, these are the targets that I've had. I call this the astronaut zone. This would be if we above 250 up to about 360. I think this is possible. But I think what's most likely is right in this zone here somewhere in the you know if if things don't if we don't get the the US uh uh strategic Bitcoin reserve all the way into you know you know two years from now then we might be on the low side of this target but I'm pretty confident we're going to get that in order and because of that I think we'll be somewhere in this it's near the 3.618 at 618 fib. Uh but somewhere between the 180 and and 240 somewhere in the middle of these two sort of zones and there's

just so much bullishness here with all this uh there was some because of this four-year cycle. This is further substantiated why I think it's over. Not only do we have institutions, corporations and sovereign bodies, states all stacking, we also have this available supply metric. Uh this is from the rational root uh his platform called Bitcoin strategy platform. But you see all the way until we hit this previous uh this most recent uh um having and that that break of all-time high just before the having which has never happened. We also got the the the the terminal sort of apex here of the top of available supply and so indefinitely now for the rest of Bitcoin's life cycle

we're going to have a decrease in available supply. At the same time, we're having exponential unway to plan for exponential increases in demand to buy, let alone the integrations for payments and all that stuff, which will come in some time as well, which is going to only increase the amount of demand and capital flow on the market. So, I I could not literally physically be more bullish about what's happening. And I pray every day for myself to have more patience because I see where this is going in 10 years. I'm like, "Give me that liquidity now, baby. I want," you know what I mean? Yeah. Totally.

Totally. Which is which is an interesting point because we've had lots of guests on the show recently around lending and borrowing and opportunities to get I would say be careful with leverage, be careful when you go and you lend and you borrow, right? But there is a lot of opportunity and a lot of people thinking right now, hey, if I think this is going higher and I can do it in a safe way, then I should go do that. Uh many of the sponsors of the show are all focused on Hey, I was all I was all over Nexo last cycle. Uh I made some big moves there. I I I think Nexo is a great platform. Well, shout out Nexo. Hey, you guys guys should contact Kelly. Uh I got to bring up this one. You you had this on your show this morning and I really

love this. This is uh from Lindsay Stamp. She said, "Boomers bought homes for 100K that are worth 1.5 million now and we can buy Bitcoin for 100K that'll be worth 1.5 million in a couple decades." That feels like the the exact quote that I want to I want to save that and look at that a decade from now because it is so true because we all sit here and we we think hey how are we ever going to achieve what our parents achieved what what that generation achieved right we don't have where's our opportunity to have the real estate boom that they all had well it's sitting right in front of us it's digital assets right Bitcoin being the big one but you go down the sack there's other opportunities as well and we have that right now and we are still so early.

Like so many people think that we're not early. Oh, it's 100K. I missed it, right? No, we are still so so so so early. So don't miss out because uh the opportunity is right in front of us. But you know what? It's not just Bitcoin. Like here's the deal. There's maxis out there that are like they like I even have people that comment on me because I do a lot of Bitcoin focused stuff and even how important it is to stack Bitcoin and hold Bitcoin and it's apex vault. But then I'll also post about chain link. I'll also post about Bit Tensor. I'll post about Salana. I post because if we look at Bitcoin as changing the entire it's it's not a revolution. It's it's a new it's like the industrial revolution on just steroids because it's changing the infrastructure layer of our world for

both commerce, culture, transaction, real estate. It's it literally changes everything. Uh now while Bitcoin is not specifically going to be used as a a big part of the infrastructure for the digital world it's going to be it's going to be part of that a big part of it it's going to be store value gold yes some transactions yes some lending and those those sort of mechanisms but it's going to be chain link it's going to be bit tensor uh for the uh infrastructure for AI ecosystem salana ethereum ethereum after all the stablecoin the genius act the world is literally entirely moving onto the blockchain and there's going to be a couple, you know, a handful of some incredible gains to be made that right now feel like it's not

going to happen. There's never going to be an altcoin season because Bitcoin is taking all the liquidity. Well, right now, yes. However, there is a massive boom to come. And this is just one of those cycles that because we've had two two and a half with altcoins cycles where we have massive altcoin seasons. This is a cycle that's humbling people because they expected it. But now this is a cycle of patience. It's still coming, but not for every one of those coins most people hold. It's going to be a select group and they are going to melt faces and everybody's going to be like but but this is the next one. I Well, there's not going to there's not going to be that many next ones I think here on out. Yeah, I can I completely agree that we will have the altcoin

season, but it won't be every altcoin like it has in the past. And a big a big thing I keep on saying and we keep saying at Milk Road is what is altcoin season going to be a big part of altcoin season is actually the public equities now the Robin Hoods the Coinbase the circles right there's a huge demand for those and a lot of money is flowing into those and also the corporate treasury buys are all doing really well right now and so you're seeing there's there's just a different narrative and it doesn't mean I still believe we get altcoin season in tokens as well but I think it won't be everything. I want to chat about a few of them though. Let's let's talk about Salana because we got to bring up Salana because they launched their first ETF launched yesterday with

staking as I mentioned earlier in the show and they did 33 million in volume in day one which you might sit here and say okay 33 million in volume like that's a joke that's nothing right but if you put that into perspective of ETF launches Eric Bokunis from Bloomberg estimates that by the end of this year that that first day volume will be top 10 ETF launches out of the 900 ETF F that will launch this year. Top 10. So, hey guys, we're doing great. Apparently, already today, the Salana ETF has done over 10 million in volume. So, we're not even we're just over halfway through the market day today. Hey, let's not forget let's not forget that David Saxs who is the crypto and AIS are of the US in the

in the presidential administration as we speak. One of the one of the coins that he was very I don't want to say affiliated with he had investments in and spoke very highly of was Salana. Yeah. And then he he had to sell kudos to him. He sold all of his Salana before he took that role. But yeah, he's there is there is becoming a very clear path for in the in the short term for both Salana and Ethereum to win in my mind. I used to wonder if hey in the short term is only one of them going to win. It feels very clear to me that they're going to win along with a few others.

You know, you look at hype, you look at Suie, uh chain link, you know, Tao. I really liked how to as well. But I think that you can see a small bucket here for Salana. The the thing that continues to to to wow me is the amount of attention that they are starting to get beyond memecoins. Like everyone's afraid that okay, meme coins are done then Salana's done. A I don't think meme coins are done. I think they make they're they're here to stay forever, right? The attention economy is not going away and everyone loves to speculate on sports, so why wouldn't they speculate on attention, right? Uh but but the but then let's let's talk about Ethereum for a second because Ethereum is the one that everyone's unsure about. And the things that stand out to me on Ethereum,

let me bring up a couple of things here. Is one is uh Matt Hogan who keeps coming up on today's show. Shout out Matt. Uh is flows into the Ethereum ETF. He thinks we're going to accelerate significantly in the second half of this year. So the Ethereum ETF did about 1.1 billion in flows in June. He thinks it could do 10 billion in the second half of this year. So, and what does he think that's led by the narrative shift? And a big part of that narrative shift is Robin Hood's announcement earlier this week that they're doing an L2 on Ethereum, which really validates this these tech these in tech incumbents are going to want to own their blockchain stack. And the way to can't do that on Salana in the same way to do that is to

do an L2 on Ethereum. And so that is validated now. And then if Ethereum owns stable coins, which they do already, and you said yourself, stable coins is a narrative that is absolutely huge and everybody wants exposure to that. Okay, so if you're a trady investor, I think you can understand stable coins enough to say, okay, where do they exist? Oh, they exist on the Ethereum. Okay, great. Let's go. And then tokenized stocks. If if Robin Hood can really pull off tokenized stocks, I have yet to see somebody who can really pull off like Kraken is doing tokenized stocks, but it's it's all still so early and it's not it's very experimental and very innovative right now. has Kraken, Injective, Bybit, and of course, Ono is in that narrative. Uh, which makes me kind of question a little bit. It does make me question, is the space getting

crowded? Is it just going to be kned by certain partnerships? I don't know. Or is the space big enough that based on different regions, they're going to utilize different chains? I don't know. Well, here here's a good one for you. So uh then so Robin Hood in their announcement said that you could not only tokenizing stocks they're tokenizing private equity right which is a really I think for all of us in crypto like that's what we want right like give us access to these investment vehicles because we're all we all have the opportunity to invest in crypto early but investing in AI early which I think you know you and I and anybody who's in tech and in crypto is like hey give me some opportunities for AI right but how is AI all funded it's not funded on chain it's not funded by tokens It's

funded by private investment right now. So, here we have Robin Hood announces that you're going to be able to buy Open AAI tokens and then OpenAI came out yesterday and said these OpenAI tokens are not OpenAI equity. We do not partner with Robin Hood. We are not involved with this and we do not endorse it. Any transfer of OpenAI equity requires our approval. We do not approve any transfer. Please be careful. So, to me that's bullish. Like to me that's very bullish because it sits it's innovation happening right before our eyes and you have people saying whoa whoa whoa we don't know what the regulation is around this we don't know what the laws are lawyers are probably yelling at us saying hey did you let Robin Hood do this what's happening but that's great that's exactly what we need to happen

because I do think that this this concept of tokenized private equity is going to do very well in the future oh I I completely agree with that you know and furthermore you know on the the point about Ethereum we even had Tom Lee go on CNBC, I think it was, or one of the financial talk shows the other day and talk about starting, yeah, an Ethereum treasury, uh, you know, stacking in because getting that same sort of share in I mean, we have to be realize what this is. It's not just crypto isn't like, hey, that coin can make me some money anymore. Uh, not that you're not going to make money in crypto, but that narrative is long since passed. You can still make a great deal of money in the sector, but the narrative that you need to focus on now

to follow the right kind of data, the right so you're so you're looking at the right alpha to make the right decisions is the fact that the entire glo global commerce sector, the entire global payments sector, the ent entire global economy and stock markets are all moving on chain. everything from chain link integrating with Swift and DTCC uh Ethereum basically being the the the not the harbinger but the the dominant player uh large dominant market share for stable coins. This I mean look at where the look at where big money is going to have to evolve into this blockchain sector and that's where the

big money is going to be made. Yeah. Yeah. I just can't stop looking at the puppies on the screen behind you, Kelly. You know what it reminds me of? Uh, every year, Do you like football? Do you watch football? Yeah. Oh, yeah. Oh, yeah. It's like I get as excited at the beginning of the Super Bowl for the Puppy Bowl as I do to watch the Super Bowl. You know what I mean? Yeah. No, but yeah, just for anybody that's tuned in late, uh, I I'm not I am a dog lover, but I got a a new puppy that's you can't see her, but she's sleeping over there in a kennel. So, I have some Dog TV. There's actually a channel. I bet I I'm curious. So, I want to look into their their numbers, their revenue, how much money they make for people just

streaming 20. It's a 24-hour stream of just dog TV with with the nice little piano music with puppies. Yeah, it's lovely. It's lovely. Kelly, absolute pleasure to get you on the show today, my man. Thanks for joining us. Hey, I appreciate it. We'll have to get you I had uh I had your your your boy Keith on my show about two months ago or so. I'd love to get uh him or you or both of you over on BitLab some time. Let's do this again. I appreciate you. And everybody out there, make sure you're not becoming enamored by price and price action.

Become enamored by the data that suggests what price action can do and you will win a hundred times more than being lost in the excitement and fear of price action. Well said. Well said. Let's Kelly mic drop my man. Thanks so much for listening in everybody. Uh as always, I need to remind you none of today's episode is investment advice. I'm not your investment adviser. Kellyy's not your investment adviser. You should do your own research and if you need to, you should speak to a qualified investment adviser and always think before you make investments because investing is difficult and risky and it does come with a lot of opportunity, but also a lot of downside.

Thanks so much for tuning in y'all. One more time, if you want help with your 2025 crypto portfolio, make sure you get our free guide that gives you a well-rounded perspective on how to set up a crypto portfolio, what tokens should be in it, how to diversify within crypto, and so much more. Hit the link in the show notes. Thanks again, y'all. Have a wicked awesome day. We'll see you back again tomorrow. If y'all are making swaps or trades right now, highly recommend you check out Milkroad Swap. This is a DEX that we built in partnership with Cow Protocol. Why did we build it? Not to make money, just honestly so we could have a place to do our swaps for the lowest fees that we could find. This is the fees on Ethereum, Arbitum, and Bass are only.15% fees. Uh this is a huge difference from

uh other centralized exchanges that charge half a percent or even up to 1.2% fees on their swaps. Also, you can swap on Salana all at swap.milgro.com. Check it out today. you won't be upset and you can join me in my favorite place to make swaps on chain. As always, if you liked today's episode, please hit subscribe and make sure you follow us so you don't miss out on the next one. There's also a link in the description to our free 5minute daily newsletter where we simplify crypto for you while making you laugh. And if you're willing to step up your crypto investing game, we're going to also leave a link for Milk Road Pro. You get access to our portfolio where you can see exactly what

we are buying. This is your number one resource to help you invest successfully in crypto. One final note, this show is for educational purposes only and nothing we say is financial advice. Investing in crypto or any asset is risky and you should never invest more than you can afford to lose. Thanks so much for listening in my friends. Have a wicked awesome