Crypto market expectations for 2024

Transcript

crypto Market expectations for 2024 gmgm friends welcome to web3 Academy your one trusted source to capitalize in the next big phase the internet we're here to make sense of an onchain World in constant transformation I'm k reead your host for today's episode and today we are going to talk about what we expect for 2024 in terms of markets we'll look at Bitcoin eth salana compare a little bit to what happened last cycle for those of you that around uh and sort of contrast that to what is happening and may happen in this current cycle if you notice got a new background today I actually am in Argentina and that's why this is coming out a day later usually Market watches go out on uh Wednesday today it's going out on Thursday that's

because I was traveling I was on a plane for almost 24 hours so I'm a little bit tired at the moment but we're gonna get through this it's been a wild day and that is the main reason why I really wanted to get this out in time for you if you haven't checked last week we did a review of markets last last year in 2023 and I think that really gave a good foundation to understand what happened and why it all happened last last year and now we're moving into what's going on in this coming year so yeah stay tuned this is going to be a great episode we're going to dive into what just happened today because markets tanked completely over the last couple hours here just before I clicked record and then we're going to look at what is happening over the next quarter to the

rest of the year okay so let's just quickly look at what just happened here so we had a bit of a runup in the first day of January it looked like okay January 2024 was going to be very bullish for us and things were looking really good and then all of a sudden salana just this morning went from you know $109 it was down to 84 in a matter of less than an hour crazy ethereum Bitcoin all did the same thing so ethereum was close to 2400 about 2380 and it dipped down all the way to about let's see here 2100 so a big jump down and then Bitcoin same thing was up at 4500 455 almost and dipped down to 41 so

quite a jump to be honest but uh this should be expected and so this is one of the things I want to talk about of what's going to happen in in my opinion this year is I think it's going to be an up only year we're going to see some really really big returns but we need to expect pullbacks like this and to be honest probably even bigger pullbacks than what we saw today it's very common to see 30 to 40% pull that will happen in a couple days and I'll show you some examples of that in just a second but let's just talk about what just happened in case you weren't aware if you haven't seen the reason this happened supposedly I guess we still don't know for sure but it's likely what happened here was that some company called Matrix Port which is a

company that really no one knows in the space it's not really the most legitimate thing ever but they just put out an article saying that they expect the SEC to reject the Bitcoin spot TFS this week that was it they said probably we'll see a 20% decrease uh in Bitcoin uh price as a result uh and that was it but it wasn't a for sure this was happening or the a rumor that it's happening it was just an opinion piece for whatever reason it spread around Twitter and markets dumped as a result of it it's very similar to what happened a few weeks ago um when the intern at coin Telegraph or whatever said that the Black Rock ETF was approved and all of a sudden the markets you know spiked up 10% or whatever it was in a matter of an hour it's very similar except the

opposite way so quite funny but really what happened here is the reason why things dumped so much is because we started to have a lot of open interest and so what that means is leverage in the markets so really what happened is that article spooked a bunch of people okay some people Market sold so they sold a bit of their Bitcoin eth whatever but not enough that it would actually you know knock things down 10 20% like it did what actually happened here is it was liquidations so there was a lot of leverage in the markets funding rates were about 66% annualized so very high funding is basically just DG's doing what DG's do you know people were speculating that Bitcoin ETF was supposed to get approved this week uh

and still might who knows and so there was just a lot of people that were overleveraged and within less than an hour we saw $500 million in liquidations I think the last thing I saw here was was actually a billion dollars in liquidation so that's what actually made markets dump so much and then I think people realized oh this was just a spook it's not that big of a deal and so we're already seeing things start to climb back up I mean bitcoin's back up to 43335 as I'm recording this just a few hours after all this happened ethereum is at 2236 and salana is at 100 bucks again so if you had a chance and you happen to buy on that dip then you did really really well in a matter of a couple minutes really so this is why you want

to be prepared in these markets for for these sort of things you don't want to get scared when when they happen instead you want to actually be ready and have money ready to buy when we see these pullbacks because again this will happen 10 times this year I would bet it happens close to 10 times and so let's walk through what is going to happen the last thing actually I just want to comment on this is so crypto has a lot of Leverage which means it can move that's why it's very volatile right and so news things like this like we just saw coin Telegraph a few weeks ago this one it can move markets very very fast it's not just random it's not just a coincidence there are like the big boys are coming into this industry now I mean black rocks getting ETF Etc there's a

chance that they want to buy some Bitcoin you know they wanted to seed their ETF at a lower price and so they spook the markets this way right they don't even need a news report they can just dump a bunch of Bitcoin real quick it liquidates a bunch of people price goes down way more than they than they actually liquidated themselves then they buy back in much lower this happens a lot and this is why we'll see so many pullbacks over the next over this bull cycle again this happens every single cycle and it's the big players the big whales that can manipulate markets remember Bitcoin is still under a trillion dollars ethereum even smaller salana even smaller and so the crypto industry is just small and these whales whether they're big Banks whether they're just like big investors whether they're central banks like we don't know

who's doing all this um but they can control markets pretty easily and especially when so many people are leveraged it's very easy to blow up markets like this and then buy back in really really low and that's likely why we saw such a jump back just from these markets just from that so anyway something to be aware of uh sometimes it's good to have buy orders on at certain low levels because you just might get them if you do it's it's just a gift but anyway that's what happened here just on on January 3D and um we should expect more of this now what do we think is going to happen over 20124 so I mean I've talked a lot in this show I think 2024 is going to be a very bullish year I believe that for many reasons one we have the Bitcoin

spot ETF likely to be approved in the next week regardless of what Matrix port or whoever that is says it's likely to be approved so we have that that's a really really big deal it's a trade agreement from the trafi world to the crypto World likely to bring a lot of demand a lot of inflows in from many many many people around the world or around the US now that can allocate to bitcoin then we have the ethereum spot ETF coming sometime in I believe May so Q2 of of 2024 obviously another big demand shock for the space specifically for ethereum there but likely everything catches a bit if that happens because if a smart contract platform gets an ETF it's very likely that others will at some point I don't know that they will happen in 2024 but it's a big sign for the space outside of those which

obviously are a big deal and have been a big reason for the runup we've had in 2023 we have macro really moving in our favor uh inflation continues to go down interest rates have been on pause for a little while and in the last session that we saw from drone pal from the FED they said they're likely to um lower interest rates three times in 2024 so that's a really big sign they said they'll lower it by 75 basis points over those three Cuts but I would bet and I'm betting this with my actual Investments that they're going to cut a lot more than that I think they cut more than three times and I think they cut more than 75 basis points whether that's 100 to you know I don't know how much how low they'll go but probably 100 to 200 at least in 2024 that's my bet but let's

see and I think that happens as soon as probably Q2 2024 and I'll explain why that matters and what happens when when that happens so anyway I think that happens and then I think liquidity comes back I think we start to print a lot more money in an election year which generally coincides with printing a lot of money so there's a lot of bullish reasons and a big bullish setup for this year so what does that look like well we had a very similar setup back in 2020 so if we look at a previous cycle which is what I have up on the screen here let's start with Bitcoin Bitcoin had its run up in 2018 and then went down we had a long bare market and then in 2019 it saw a big runup almost like a correction back to just fair value sort of thing

which is exactly what we saw here in 2023 and then it sort of in 2024 it actually had a pullback or sorry end of 2019 had a bit of a pullback started to climb back up Co hit So that obviously impacted markets and then we just had a big runup from there the reason was interest rates went down to zero government started printing money and so it was risk on just fullon risk on and Bitcoin absolutely took off from that moment on and in no time reached all-time highs which was by December of 2020 or I guess November of 2020 reached alltime highs yeah and then basically blew by it for the rest of the year to 2021 and then that's when we reached our top so this was sort of a macro environment that was set up perfectly for something like Bitcoin to do really

really well liquidity was increased interest rates were decreased that's really the the big setup that we had and then I mean everyone was locked in their room so they had nothing to do but speculate on crypto right on digital assets so the same thing happened with eth right we had the top back in 2018 then we went down into a bare Market it ran up at the end of 2019 had a big pullback again same thing happened with covid and then it just basically shot up from there on right had a really really really big year in 2020 but really it was 2021 that was huge for for ethereum bringing it up to let's see it started the year below 900 and then shot up to 5,000 so did a 5x in 2021 so a pretty big year and if we look at the Bitcoin

eth chart which I have up right here on the screen it really had its ethereum really began to have a big move against Bitcoin in 2021 not in 2020 which is when the bull market really started Bitcoin was the big winner of 2020 okay we had Michael sailor buying F was the first time he ever put Bitcoin on his balance sheet at micro strategy Paul tutor Jones a big investor said that you know he bought Bitcoin and so like it kind of had its moment first and then as you can see from this chart then ethereum really picked up and just took off and that's when ethereum just absolutely annihilated Bitcoin that was in the early uh 2021 and so even if if we look at Bitcoin dominance so this is the Bitcoin market cap versus the rest of

the market cap in crypto same sort of thing we had Bitcoin do really really well right it dominated throughout the bare Market through 2019 and 2020 or sorry 2019 and then sort of just like stayed up at the top reaching its sort of peak here at the end of 2020 that's when it surpassed alltime highs and then the rest of the crypto Market just completely took over and bitcoin's uh dominance went from 73% down to below 40% so a massive move in a matter of months and so my thinking here is we're going to have the same sort of thing play out this cycle so right now Bitcoin has been climbing climbing climbing in its dominance a lot of this has to do with the spot Bitcoin ETF as well as just the way that the markets work we're

not fully risk on yet in terms of assets you need interest rates to go down for risk on to come in when I say risk on that means like investors piling a lot of money into risky assets you need interest rates low and you need money like a a lot of liquidity coming into the economy we have money coming in the economy but not a ton we have interest rates paused but it's not getting lowered we're not back to zero so we're not as much as risk assets have done well in terms of crypto the NASDAQ Etc we're not fully risk on yet that's the 2021 if you were around in 2021 that was just the insanity the nft Mania the D5 Mania like it was just nuts and that was because there was just so much liquidity we're not at that stage of this cycle

yet and I think that's coming and I think that's when eth and other assets start to really out for Bitcoin so again I think Bitcoin might have a move up when it gets the approval of the spot ETF which is could be this Friday could be I don't know the n9th or 10th it's sometime in the next week most likely if it gets approved now it's not a guarantee so who knows but I think at that point that's the top for Bitcoin dominance and I think the rest of the year the rest of the crypto market outperformed and so I think we're sort of reaching the top now on bitcoin's dominance I think Bitcoin continues to go up not like it's a bad investment by any means but in terms of it versus the rest of the crypto Market I think we go sort of risk on here as that one tops

out once we get Bitcoin spot ETF my bet anyway and again this is not for sure but I think that's when eth finally has its moment so just like eth lagged Bitcoin in the last cycle for at the beginning and then all of a sudden eth just shot up I think we're going to see the same thing happen this time around with ethereum and the reason is once the Bitcoin spot ETF gets approved in the next week now all eyes are on the eth one right this last few months where we had just Bitcoin rocket up from what in the 20,000 up to 45,000 this was really LED because of that spot Bitcoin ETF speculation and I think what happens is markets now are going to go and speculate that the eth ETF will be approved uh in the coming months just like you know over the last two months

we've been covering every update that happened on the spot ETFs Black Rock meeting with the SEC blah blah blah we covered that all the time in the podcast now and so did many other podcasts so did many other newsletters so did the big media Outlets that's about to happen for ethereum and so that's when ethereum gains attention people start diving into it what is it learning more about it oh it's deflationary it's this and that they start to understands fundamentals just like people have been doing on bitcoin and I think it starts to have a moment and it outperforms Bitcoin now I'm not saying that ethereum outperforms like the rest of the crypto industry like I don't think it outperforms salana Etc but I think it has its catch-up trade and and starts to make make a comeback you can see here it's kind of

hit these lows is the eth Bitcoin chart I have up on the screen it's kind of hit its lows since June of 2022 and it looks like you know we can't get any lower than that it's been trying to but it doesn't really go and so I think we're going to shoot off from here once that spot ETF has approved and I think ethereum has a big moment ethereum has has really lagged it's lagged a little bit and I think its time is is coming so that's my expectation if I'm looking at q1 2024 it's Bitcoin SP if approved Bitcoin probably shoots up there dominance goes up a little bit and then it's big trade rotation of maybe Bitcoin into ethereum Maybe people sell salon and going to ethereum but that one I'm not really sure yet and and the reason I say that I'll get into Sal in just a

second but anyway that's what I think is the q1 trade the other big thing that happens in q1 is the EIP 4844 upgrade to ethereum and what that is is it will make fees the gas fees on layer twos decrease by an order of magnitude so by 10x and so if fees on ethereum are on etherum L2 sorry are 10 cents they go down to 1 cent okay if they're a dollar they go down to to 10 cents now they're not a dollar they're all somewhere around 10 to 50 cents uh depending on you know which chain it is which L2 but so they're all going to go down to probably below 10 cents is at this point to somewhere between one cent if not below to 10 cents so it's going to make

l2s a lot a lot cheaper a lot more usable and I think that will drive a narrative remember it's all about narratives in crypto right so the Bitcoin spotf was a big narrative now we have the ethereum spot one plus we have cheaper l2s and so I think ethereum does well and I think the layer 2 tokens that could be optimism arbitrum mutable X and so on I think those catch a really big bid here and begin to do extremely extremely well in q1 2023 as a result of that upgrade and the speculation around the ETF the ETF probably gets approved in Q2 we'll see what happens so I think the next six months ethereum and its EOS system are going to do really really well one thing to point out here for assets is when does the

typically flow from Bitcoin into these smaller Assets in crypto talked about the Bitcoin dominance chart and we said that last year it peaked at around uh December 2020 but really it already started its move down except for that big run it had over a month or two it had its started its kind of run down early 2020 and typically what we see is when interest rates go down that's when the risk on environment comes and that's typically when the flow of money goes from Bitcoin into other assets and so again to go along with this thesis of we have the upgrade to ethereum we have the spot ETF uh and then I also think interest rates begin we have our first cut in the US in probably Q2 2024 and so there's a lot of catalysts

that are leading to a more risk on environment and that really benefit ethereum in this instance so I think again we see a big move on ethereum what happens with salon at that point and maybe the other l1s they've already had a massive massive run this year and to be honest I think that probably continues if we look at ethereum last cycle had a huge run through 2020 and a lot of that was because it just sold off so much like look at ethereum didn't pass all-time highs until 2021 okay it took until February no March almost March of 2021 to pass all-time highs even though Bitcoin did it in 2020 at the end of 2020 so Bitcoin actually hit previous alltime highs and surpassed it before ethereum did Even though ethereum

just absolutely ran up from I think it hit a low of like $85 but it just because it was sold off so bad just like what happened with salana and so I think we'll probably see just salana continue to rip upwards because it just still has a lot to catch up and so I think we'll have another really big year in salana even though it's ran up a lot people are like ah should I still buy this thing look I think it still continues to do well maybe ethereum takes a bit of the narrative in the l2s for a little bit this one I'm not I don't have high conviction on I have very high conviction that ethereum out performs Bitcoin after the CTF approval I don't have a high conviction that that ethereum UPN salana as well and so I think again holding both is the play

here uh and just holding them through all of 20120 the other thing to understand is we are probably going to be like full risk on Midway through 2024 so you know Q2 maybe Q3 is when we really start to see the interest rates get cut is when we really start to see the liquidity come back in which means we've still got many many quarters many months left in this this cycle and so so again I wouldn't be trading your way through 2024 I think the best thing you can do is just if you're not allocated you get allocated now hopefully you already were we've been screaming all of 2023 to get allocated and just sit back hold on to your hands don't do anything because again there's going to be crazy swings

up crazy pullbacks there's going to be narratives all over that oh it should be l2s it should be Salon you should do this the big mistake that people make is they try to trade and go from one asset to the other right just because I think ethereum's going to outperform here and it might perform Sal doesn't mean you should sell your salon and go to ethereum right have some Sal have some ethereum let them both ride have some L2 tokens because they're also going to do really well I think but it doesn't mean you should try to jump from narrative to narrative right if you saw the last few months everyone was talking about salana everyone was saying ethereum was done and dead and I think a lot of people capitulated and sold their eth and moved into salana right and now you have just

today ethereum has now outperform salana because Solana dumped so much on this right now is that continue I don't know I'm just saying don't want to keep jumping from one to the other okay you especially in in this sort of uh year when everything is just going to go up we're going full risk on it's likely going to be a really really good year so that's my advice to get started is I think salana ethereum it's l2s do really really well in 2024 and it happens a lot because of macro now one thing to keep in mind if we want to look at what's likely to happen this cycle let's look at last cycle you know what let's move to the Daily right now I have the weekly up let's move to the Daily so we can really see these swings so that you know

what to expect so today if you were looking at markets you might have got a little bit scared because things went down a lot okay well let's start at the sort of beginning of the bull market last cycle so ethereum went down in a matter of days and this is from the co from Co here but it went down almost 70% okay in just a couple days so that was crazy but obviously that's the co place like that's not going to happen I I don't think we'll hit that unless we have some sort of Black Swan event but probably not but let's just go here this was even before things really took off for ethereum we had a 35% uh pullback okay and then it shot up past alltime highs here and we had another pullback right and this one is 36% and this was

just in a matter of days literally in days but then it shot up again and then what do we have another pullback this one's even more than 36 this one was 62% right and then it shot up again and went all time high so like this is just you need to expect these sort of pullbacks because it's very normal very very normal in the space now the last thing I want to touch on of a comparison of last cycle that's really interesting right now and looks like what salana is going through is those of you that weren't around last cycle was the first time that we actually had like real apps in defi that you could do things on chain okay the previous cycle was just like you could invest in things and speculate but there was nothing you could do last cycle in 2020 there was

this thing called defi summer so the summer of 2020 a bunch of apps launched on on ethereum and they started to give yield it was the first time we could really get yield at mass at large uh on ethereum and so during the summer of 20120 people were farming all these tokens there was everyone was getting yield there was these air drops there was so much happening on chain um that had never happened before and it was a frenzy you could just you were going from one app to the next you were putting your eth here you were putting your eth here putting your eth here and you were earning x apy a lot of it was these like food tokens like yams and Sushi and all this weird stuff it was a weird time but it was fun and you could make a lot

of money and it was new and people didn't really know what to do but it was just like it was craziness as Madness people got scammed people got rugged but you could make a bunch of money and it was this like cool new thing well we're seeing sort of that same experience happening right now on Solana so sana's narrative right now is defi they're all launching tokens everyone is air drop farming and it's this like frenzy to like take your salana put it to use and so it feels very similar to ethereum in 2020 and so in ethereum in 2020 during the summer that was these times right here right which we were still nowhere near alltime highs if you can see on the screen but after that summer things just absolutely took took off people were like whoa you can actually do things on

chain this is so cool and we ripped from $230 straight up to four 4,400 now straight up there's obviously pullbacks but that's what happened after defi summer and I think what we're seeing right now with salana same idea is like we're having all this airdrop farming and people playing in D5 and like having fun again and and using things on chain and I think it just looks and feels very similar to that of ethereum now the other Narrative of ethereum that I haven't talked about and I will talk more about this next week is reaking so ethereum is not going to have its def5 moment again it already had it in 2020 and now to be honest like new people can't really come in and use ethereum D5 because it's quite expensive on the layer ones maybe the l2s will do

this because they might they have more tokens they can launch and they can aird drop tokens Etc so like we might have what we're having on salana right now on layer twos on ethereum in q1 Q2 I'm not sure that's a big speculation I don't really have a lot of like Insider information on that um but I think we might see that because they need to compete and so I think we'll see a bunch of tokens launched there but anyway not 100% sure but what's happening on ethereum right now that's just getting started is raking and so reaking is where you can take your Stak eth so whether that's you know your re eth or your stth and you can restake it again to get extra apy and so there's protocols like igen layer that allows you to do this and then there's like ethery and swell and a bunch of others

that allow you to sort of restake earn extra apy and as a result of them being new you can Farm the tokens when these uh new companies launch their tokens and so it's a bit of a frenzy over on ethereum with reaking right now and it's brand new they they have caps like it's not even full on yet but I think that really picks up steam in the beginning of 2024 and so I think that we have two frenzies going on right now which is the salana Defi and to be honest actually the salana one extends to Cosmos as well there's like injective and Celestia that all have sort of a def5 frenzy going on right now and then I think we have reaking over here on ethereum and so I think this is going to drive a lot of onchain activity a lot of liquidity and

create a big buzz and a bunch of noise especially as all these companies launch tokens it's like a stimulus package to all the users on ethereum all the users on Cosmos all the users on and so that is going to be big four I mean people are going to sell those tokens probably and buy eth they're going to buy salana but they're also going to buy a bunch of nfts and so I think these frenzies we'll see how long they go for but one you should be playing around with them because you can make a lot of money of them but two I think those are going to be a big cause of the sort of a catalyst for this next leg up and I think those catalysts will drive us past alltime highs in 2024 think I already did a predictions episode so check that out if you want to

see what my predictions are but I think in 2024 Bitcoin eth and salana all go past alltime highs and I think they shoot really far past it I think ethereum can probably reach six to 8,000 just in 2024 Bitcoin probably gets close to 100K but let's see that might be a stretch by the end of 2024 in salana it's still a very small market cap so it could it could go to 500 by 2024 either way I think they all do do really really well and I think the narrative on ethereum just to to sort of recap here narratives Drive everything and so I think what we'll see in 2024 is espot ETF EIP 4844 which is cheaper for l2s which drives L2 prices uh reaking I think is going to be really really big

hopefully there's no issues with it is new it is a little bit risky so hopefully there's no bugs or anything but I think all those really drive the big comeback for eth and then I think salana just basically continue to do what it's done over the last couple months which is drive a lot of hype from these airdrops from new tokens or sorry new applications launching tokens I think that that continues on they're sort of just getting started here so there's still a bunch more of these to happen in salana in q1 and in Q2 and I actually think a lot of these companies were probably planning to do this later on in the year I think uh many of them have actually sped up their timelines and they're going to launch their tokens even sooner um because there's just so much attention on them right now so

those are the big catalysts for the two I guess there's one more actually salana has fire dancer launching probably in the summer of 2024 if all goes well which is Jump Trading new validator client which will basically take the throughput of salana from about 60,000 transactions to potentially over a million transactions per second and if that happens and that actually works and goes live I think that's going to be a massive narrative for salana so there's a lot of bullish let's say upgrades in catalysts and then that combined with a what looks to be one of the best backdrops we have for macro in since probably 2020 in terms of just like government printing a election year interest trades likely going down like

if all those things happen combined with these Catalyst I think 2024 is going to be a big year uh which then sets us up for also a big 2025 it it feels like we're g to have a very similar as weird it is similar cycle to last year or sorry last cycle which was sort of a catch-up year in 2019 Big Year in 2020 after a bit of a dip and then a massive year in 2021 with the the top and I think we're seeing that here we had sort of our catch-up year here in 2023 2024 we might see a maybe we'll see sell off somewhere like we need some sort of pullback maybe that's just what we got today and it's just a quick one day one I don't know let's see but I think again we have a big year and then likely 2025

another big year maybe we top somewhere around 2025 maybe it moves into 2026 we'll have to see that's all going to depend on macro and honestly on the tech so last cycle one of the things that happened was salana was as much as it was around it was it had a lot of outages and so in ethereum just got so so expensive that what we wanted to do on on chain just you you really couldn't a lot of people got priced out and then there was like the only other option was teruna which blew up and then salana which kept going out and everyone was like okay the Tech's not as good as we thought we're way overvalued and then boom we went down that was also as a result of interest rates going down and so that's the thing that I'm not sure of

what happens to the cycle it seems like we might be good to go on the tech side in terms of salana seems to have fixed its problems layer twos are now basically ready and and getting better and better uh every month here with these upgrades and so like I'm not sure that we're going to have the tech bandwidth issues like we had in the last cycle and so maybe that means we can run for longer but really it's all going to depend on on liquidity so that's the big thing we want to look at which I'll of course always keep you updated on in this in market watch channel but liquidity is what's going to drive this do we stay risk on or not but as long as the tech can handle this amount of activity because I think a lot of people will come into the space then I think

we've got a lot of room to run last note actually one thing understand is that new people are still not in the space yet all of this price action we've had over the last few months is basically just from crypto Natives and I mean some Trad five people that obviously have caught wind of the ETF and have come in but retail is is not here and we know that mainly because well a few reasons one if you look at Google Trends or Google keywords the trends for crypto web 3 Bitcoin Etc are only just starting to pick up nowhere near alltime highs and so that means there's still not a lot of people that really know what's going Onan if you talk to most people mainstream they they still have no idea about this spot ETF they don't even know that all these assets like Bitcoin eth

have ran as much as they have this year most people are just oblivious to it which is wild um and so most people won't come back into the space until alltime highs which is why again I think at whatever point we reach alltime highs in 2024 that's when likely retail starts to rush back in and why I think we have a big 2025 as Wells because that's when everyone comes back in puts their capital in many of them will get wrecked but luckily all of us were here early and so it's not a big big issue to us that's another Catalyst we have to look forward to but we won't get into that we'll talk about that another time okay guys I'm going to wrap it up there I just wanted to cover what happened in markets today and where I think things are going next week I'm actually going

to talk about this reaking as well as the defi craze on Salon I'm going to talk about what you can do with your soul and your eth how you can Farm air drops and what specific ones you should do as well as how you can earn additional apy Etc and so make sure you tune in to that it's going to really set you up for this year year hopefully you can make a killing off that other than that we'll see what happens with this pullback that we had again I'm filming midday so who knows what happens by the end of the day but I'll be on the rollup tomorrow and you guys can can listen in there I'll give any updates if anything happens over over the next 24 hours and we'll make sure to keep you keep you informed on everything happening in in

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