Six reasons to pay attention to Base
28 Nov 2024 · 37:42
Pseudonymous investor Zeneca tells host Jay Hamilton on Milk Road why he expects a Base season, giving six reasons from his newsletter. Base is an Ethereum L2 that launched in August 2023, and he sees attention shifting from Solana towards Ethereum and Base. His reasons include low friction within the Superchain, the people behind Coinbase, and strong marketing, including AI agents on Base. He also warns that most memecoins are a bubble heading to zero, and explains how he gets exposure.
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GM good morning welcome to the milk roach show The Daily crypto show that's more reliable than autocorrect suggesting ducking every single time I'm your host Jay Hamilton and today we are joined by zenica to discuss his thesis for base season we're going to touch on the six reasons why zenica believes that base season is about to begin and look at some interesting stats that show bases beating salana and every other chain in the current time period of past week will that continue or is that just a blip that's what we're going to talk about today before we jump in guys if you're not subscribed to our newsletter Please Please Subscribe it is an incredible five minute read every day to
keep you guys up to date on everything you need to know in crypto during this busy holiday season so don't miss out before we hear from zenica we're just going to take a moment to hear from our sponsors meanwhile is the world's first licensed and regulated life insurance company built for the Bitcoin economy they do everything in BTC you pay in BTC they pay claims to your family in BTC you take out policy loans entirely in BTC when you need liquidity protect your family from life's uncertainty and a broken Financial system build intergenerational Bitcoin wealth while the cost of living skyrockets in dollar terms plus get all the tax and legal benefits of life insurance now in Bitcoin visit milroad
docomo to join the wait list and get early access to the world world's first Bitcoin life insurance whether you're bullish or bearish on micro strategy T-Rex ETFs are your gateway to Dynamic marketpl get exclusive access to leverag exposures with the first two times short or two times long ETFs designed specifically for micro strategy stock position yourself with Precision with T-Rex you gain access to powerful tools for sophisticated investors zenica what's going on my man welcome back to the show good to be back yeah it's uh I don't know bitcoin's closing on 100K base season it's good times it's
good times it's good times it is very good times I mean we forget forget Bitcoin in Bas season zenica wrote a newsletter it's been it's been six months or so since you wrote a newsletter and I think your newsletters are a big deal in the space they're always legendary they're packed with Alpha and you put one out just today yesterday yeah like 12 hours ago from this recording time yeah let's go okay let's start with the obvious question this newsletter is all about base season why did you want to write this newsletter so I've been bullish on bass Bas is an L2 on on ethereum uh pretty much in Dev it first came out it it launched in August 2023 I covered it
back then in a newsletter um basically I think it's a big deal and I think that a lot of attention has been on salana lately understandably it's done very very well this cycle but I've just sort of sensed a momentum shift um more attention coming onto both ethereum and then more specifically bass and so I've been investing in a lot of Bas tokens I've been spending a lot of time researching and looking into the ecosystem a lot of people have been asking me about it how to get involved and so it just seemed like the perfect timing and like Confluence of things to write about it and yeah I think we're just getting started but again we'll see before we jump into the six reasons why and you're so stoked on Bay season and
there's a lot of great research here to back this up uh you gave a great uh PSA at the beginning of your newsletter uh I want to allow you to share that PSA before we jump into this uh this episode yeah so I actually wrote this right at the end just before I had my whole news R written and I was about to hit submit and I was like you know what I should probably put this in basically saying that a lot of the things I talk about in the newsletter as well as most people are doing and talking about these days relating to meme coins and trading um it's the it's nft in 2021 all over again like this is a giant bubble 90 almost every coin is going to crash 95 to 100% it's all going to zero outside of you
know Bitcoin eth Soul handful of others and then maybe a handful of mem coins but basically everything has going to zero I'm trying to make money I'm trading I'm going to be selling a lot of my coins I'm trying to time the top I think everyone one is so it's just sort of like don't get married to your bags don't round trip don't risk more than you can afford to lose this is all insanely risky etc etc like my best advice to everyone is just buy and hold Bitcoin maybe buy hold Bitcoin Ethan sold but if you want to be a djent if you want to trade if you want to get into the trenches at least be aware of the risks and and have a plan and strategy yeah 100 per. and this is also just an opportunity to remind everybody in the coming months there is going to
be a ton of new influencers that pop up on Twitter on Tik Tok on Instagram on YouTube people who are here to tell you what to do with your crypto and trade your tokens and whatnot and my biggest advice to everybody listening is do not listen to people who have not been through psycho before like there is you really everything that zenica has just said about taking profits and not having dime in hands that only comes from experience of being being around for a decade in this space if you are new to the space and you're coming in and there's a lot of influencers and a lot of media who are going to take advantage of this and know that if they throw Bitcoin in their
YouTube headline and their YouTube title they're going to get more clicks and they're going to try to attract you don't fall into that trap make sure you know that the people you're listening to have been around because they they just have an experience that a newer person is not going to have and also as zenica said this episode is really it's you're guys are really going to enjoy this episode from the perspective of coinbase and base which is I mean honestly I actually I believe everybody should just invest in coinbase stock uh which is an incredible stock that's done very well it's a great way you can't invest in Bas there's no Bas token yet we're going to talk about how to get Advantage get invested inbase season at the end of this episode but uh for everybody out there you know be aware that this
episode is definitely more on our dgen side we are really leaning into that side so a do not take your entire bag and go do what zenica is suggesting in today's episode uh without further Ado you got six reasons why you are so hype on base right now let's go reason number one I mean reason number one is you mentioned it before coinbase coinbase is the stock has done very well the company's done very well they are a behemoth of an exchange uh largest in America I mean everyone always talks about oh my God if our coin gets listed on coinbase it's go crazy and there's a reason it's because they have so many users and it makes so many more users
able to trade that token uh more easily coinbase is a big deal in this industry they not only are such a significant exchange they are sort of at the Forefront of crypto politics you know Brian Armstrong the CEO recently met with Donald Trump to talk about crypto policy um they were flying around the world talking about base and crypto and it's just if you're in crypto you've probably heard of coinbase they're a big deal and they have their own layer two blockchain so I think I think it makes sense to pay attention to it yeah I couldn't agree more uh let's go to reason number two reason number two is uh eth eth season so you know it's popular to hate on eth at the moment everyone on crypto Twitter is dunking on eth they're like
oh eth is dead sana's I actually like within the last week I was in a crypto conference in Sydney a few days ago and down there but also online had so many people ask me oh should I sell my eth now to get soul and I just have to tell them no straight up no the time to do that was 18 months ago two years ago 12 months ago um now is the time to maybe do the reverse but basically when Max fear Max fud is you know everyone is talking about how something is dead and ridden it off that is not the time you want to be selling that's the time you want to be holding or buying um just like you know November 2022 everyone called Sana dead it's dead and gone and every including myself I was you know I didn't see the vision
back then it took me you know maybe another year before I got on board the salana train but everyone was calling Soul dead and that was the best time to buy many people are calling eth dead now um it's it's kind of rallying the last few days and it's been outperforming BTC and soul actually since the election outperformed BTC and soul um so maybe people are coming around a bit but basically I think eth season is coming I really strongly believe in eth and the future of it and I think that when if and when that does happen uh it'll be good for Bas because a lot of lot of the the inflows into Bas come from money that is on eth so as eth pumps Bas will just very organically pump this is a uh a great chart that you showed in your newsletter which is the
tvl across all chains walk us through this because this tells a very clear story if you ask me yeah I was actually shocked when I saw this um I didn't put a link it's from um defi Lama which is an amazing website that has all sorts of great metrics and basically it it tracks 328 blockchains so basically every meaningful blockchain in existence and it tracks the tvl the total value locked in defi protocols and apps and just things on the Chain um even after salana has gone crazy this year even after ether's struggled even after everything else there is still over half of all the tvl basically in crypto is on ethereum that that just blew my mind and I think
and that's ethereum mainnet that's not that's EET yeah Bas is 3% there um yeah if you look at that you got you know ethereum as by far the largest then soul and you got Tron um BSC bass arbitrum you know a bunch of these are um eth l2s so yeah it's it's insane it's where the money is it's where the money is yeah yeah exactly and I think this is this is the the pain trade of the year like you know and you and I can both say this because you and I are both big eth holders it's been a tough year to hold East oh my God now is not when you sell like now is not when you capitulate when as you said it's the
time to sell has passed I got to pull up this you you you you really you can't not throw this this quote out there from Warren bu be fearful when others are greedy and be greedy when others are fearful perfectly it's it's always it's so appropriate all the time um and yeah I think that people are pretty fearful or at least have been in the last few weeks and and Peak fud for eth but this is the time to be greedy all right reason number three reason number three is um the friction to interact on both eth and Bas is rapidly decreasing so one of the reasons I think salana did has been
doing so well and will continue to do so well is the a the the fact that transactions are very very cheap and very very quick and B the focus that the chain the developers the builders um even the salana foundation has made on the user experience it's been you know Phantom is a very mobile first friendly wallet there's a bunch of mobile apps moonshot being one of them where it's very easy for the average user to buy and trade s tokens um it's just it's very consumer friendly e ethereum has struggled with that for a very long time it is getting better and I think we're at closer an inflection point where it's basically about to catch up to Soul um obviously ethereum main net is still relatively very expensive compared to
l2s and salana and slower you know takes many seconds maybe a little bit longer for a transaction to process but Bas and other l2s they're basically as cheap basically as fast as salana and we're seeing more and more apps now come to Market uh that will make it easier for the average person to use uh one probably the biggest example is Phantom which just uh yesterday the day before said that they were rolling out base support to everyone so for those people who have salana in their Phantom wallet now they don't need to download a new wallet they don't need to get Rabbi or rainbow or God forbid metamask um any other ethereum wallet they can use what they're already comfortable with easily Bridge easily buy tokens um and there's a bunch of other apps doing very similar
things that are either already out or about to about to come out yeah you made a really good point before we started recording about the fact that there's so many people people that you speak to in your telegram group or in your Discord Community uh who are new this cycle and have never don't use anything other than salana so the concept of bridging over to Bas is is almost like it's out of their mind they don't even know how to begin I hadn't even thought about that to me everybody's been here since last cycle we all used eth first and then we had to bridge to salana we went that way very interesting it blows my mind so like within Zen Academy I think basically everyone has been around for years so if that was my only exposure I wouldn't
have this other perspective but over the last couple months I joined a few different other Alpha groups and communities because I just like to be across various things some of which are pretty new to this cycle um and yeah a lot of the people in there I mean I've been talking about Basin everywhere for a while a lot of people in there are like I don't even I don't have I've never had ethereum I've never owned eth or anything on evm or Bas how do you even do it what wallet do I use and as someone who's been around since 2017 2021 blows my mind but you have to understand the perspective of quote unquote retail new users coming in people coming in from Tik Tok and YouTube and from their friends trading mean coins it's all been sold first and so making it as easy as possible for
those people to interact with Bas um is a big deal I think and so we're at that point now where that that level of ease is basically there yeah I'm going to add a a 3.5 here uh to your newsletters Zen uh which is uh Bas is part of the super chain the super chain is optimism optimism's uh ecosystem chain H and bases using the op stack along with many other leading L2 and we just had the reason I'm bring this up was we just had Ryan Wyatt who is uh one of the senior leaders at optimism and really building out the optimism super chain ecosystem just have
on the show if you guys missed that show go back and check that out amazing episode where he really breaks down exactly this point is that there is less friction there's so much talk about the L2 ecosystem and about eth and all the fragmentations the issues and he basically came on our show and said hey all that's about to disappear we're still probably a year away he thinks like six month six to 18 months somewhere in that range away but the days of using ethereum now let's be clear you get if you go listen to the show you'll get into some Nuance that he talks about of how it'll all shake out in his mind but the days where ethereum is going to start to feel like salana in the next year and we're gonna get past this friction and then nobody's GNA
remember this and so I think that's a big reason as well why a lot of opportunity in that in that space uh That Base optimism super chain area Okay reason number reason number four reason number four is the people so like I mentioned Brian Armstrong before the CEO absolutely just I mean he's a boss Titan of the industry I think basically widely respected by practically everyone in crypto even people like on on a larger macro scale um you know he's been CEO for a very long time he is in the weeds in the trenches really well connected to politicians and policy makers and nation states and stuff um then you got Jesse Jesse Pollock um from uh from base he
was working on something else but now he's like basic the lead of the base chain and the coinbase wallet and this is the definition of someone who is in the trenches he is always on Twitter always on farcaster now on Instagram now on Tik Tok just everywhere connecting to builders and Traders and devs and anyone that wants to build or be on base he is there to support and help he just finished a three-week tour around the world where he met with Builders and you know a dozen countries and and politicians and policy makers and important business people and that's just two of the people behind the the base machine it really is a well oiled machine everyone I've spoken to who has worked there or does still work there talks about how efficient it is as a company how aligned they are how
productive they are and I've always been a big believer in betting on people betting on a team if I'm investing in a project or a company I look at the team first and foremost um and I'm very confident backing the people behind Bas obviously there's great people behind eth and salana and and many other blockchains but uh it just I feel like it's they're generally going above and beyond um and especially Jesse uh a lot of the things he's talking about lately is like you know we want to break into Instagram we want to break into Tik Tok we want to you know understand and evolve with the whole mean coin meta because we believe that's where a lot of attention comes from and they they really just get the culture yeah I couldn't agree agree more not only is it a great team it's a great
public team I think that's the one thing that impresses me most about Bas especially their leaders they're so public they're so out in the open talking on Twitter talking about what's important getting involved in uh in crypto politics because they saw the way America was going and I mean there was you remember it was a few years ago when Brian Armstrong said that coinbase might leave the US and I remember they were having meetings with like other jurisdictions like the UK and I think some in the Middle East and people were like whoa like this is serious they could leave but they stuck in their feet and like stuck to their guns and are really a part of they're part of more than just crypto in America part of the entire Financial Freedom Movement and
have a lot of weight for sure I mean I don't think it would be exaggerated to say that they were a pretty significant factor in the most recent election I think if you look at um there's this I stand with crypto not for-profit movement in America where people all around the country were lobbying you know their their local um representatives to just tell them how important crypto was for them and that was you know coinbase was a big part of that entire movement and Mission and in getting so many pro crypto um people elected all around America which you know crypto was a big part of the selection and uh coinbase played a big role in that so I think that's uh it's just awesome to see glad they didn't
leave the country uh they they survived in a very hostile environment like the Biden Administration was extraordinary like Gensler Biden Elizabeth Warren were extremely hostile towards crypto there were you Banks were de banking companies and CEOs and people all the time um and they you know they were getting the SEC sued them and they fought back and they fought back and they funded so much to just stand for crypto and so yeah one of the few times in my entire seven eight years in crypto that I really felt like the entire industry rallied behind the same cause was when the SEC sued coinbase and they were like we're going to fight back and everyone was just like
you know what yeah we're with you um basically yeah yeah completely I want I actually want to go back to something you mentioned earlier that we skipped over uh which was I don't remember which um which reason this was part of but we also can't underestimate coinbase's marketing team marketing is something that we don't really look at very much in crypto because most marketing comes from Mo there's not a lot of people spending money on like traditional marketing crypto most marketing crypto is like incentive based and Community Based and there's a lot of communities doing that really well but coinbase is one of the ones that is pumping out like high quality ads putting them on national TV paying for them to be in
Super Bowl spots and things like that and I don't think I think people really underestimate the power of that when we're talking about onboarding new users in the next year when there's going to be a lot of people and a lot of attention on crypto yeah they absolutely massive like you said they put a lot of money into high quality videos um I think a few weeks ago they had might have been like a hockey game in Canada or something where just on the massive screen across the stadium they were like um there's a QR code and get $20 free to sign it with coinbase that kind of stuff um yeah they they get marketing they're marketing hard and again like they're marketing for their exchange they're marketing for crypto and users
but their entire they have their own L2 blockchain and their entire goal is to get a billion people on chain which I think is an amazing goal and will eventually happen um and you have to imagine that that part of their plan and vision is to get as many of those people onto base um as possible so it's it's just it's a big deal okay let's go to reason number five five um the metrics metrics are looking great we we touched on it before like the ethereum tvl is significant but if you look at sort of like the there's this website um emus where you can find the flow of capital like you know which there we go which blockchains um are people bridging to which are they
bridging from where is money flowing um and this one we have up on screen shows the last three months um salana number one which is unsurprising but pretty close behind it is bass you know the amount of flows and money flowing to Bass is almost that of salana over the last three months and basically everyone's just been talking about salana for the last three months but in the background bass has just had you know people bridging from other from e and other l2s other places um so that's bullish and then if we go to the last seven days Bas is just dwarfing everyone else and so obviously the biggest flows come from ethereum um but what that means is again if and when we get e season as more money flows to eth
a lot of that money will flow to base it'll flow to some other l2s as well you can see arbitrum there in the number four spot um but I think the Lion Share is going to flow to Bas Bas is winning the L2 race at the moment um and it just seems to me like a good sign this is something to watch and keep an eye on like every day just see is money still flowing to base is money still flowing that will probably be the biggest indicator of a Bas season that you know I think we might have just kicked it off and it might be underway now but it could stop some other narrative could come up but if money keeps flowing if the tvl keeps increasing activity will keep increasing that's how you get a base season and and that's a really good
metric to keep an eye on you got some other metrics that are really interesting here that I want give you a chance to touch on as well yeah just the um I mean this one shows the number of transactions per second over the last year and it's basically just a steady lineup you can see right at the end there for those watching on on uh YouTube It's like a sharp tick upwards so it has exponentially increased in the last uh let say week or so uh but activity has just slowly and steadily been increasing on base basically for the last say year but especially the last like six to n months and it's hard to imagine that stopping or slowing down like that that that chart is a chart that's just going to keep going upwards um and then this this next metric is looking at AI agents
that I mean AI agents are a big part of the meta right now big part of the Mind share people trading are you know goat over on Soul uh zerro there's there's tons of AI agents that have been getting a lot of attention on Crypt Twitter um and this is website cookie doxy I think it is cookie. fun sorry and it shows the the top mind share of Agents mind share being like the amount of attention they're getting on Twitter amount of Engagement these Twitter accounts are getting and uh over the last few days you know it used to be all salana agents over the last few days a bunch of the base AI agents are now getting the most MCH AI xbt being the largest um this
will probably flip-flop back and forth between soul and Bas but I think that this is basically showing that attention has shifted to base and again just like the flows this is one to watch to see is attention staying on base are people continuing to pay attention to these AI agents um even if they're you know relatively on par with salana I think that's a massive massive win uh let alone if they ever meaningfully overtake Solano in attention can you quickly for for our listeners who aren't deep in the AI meta what what is is an AI agent on bass can you explain that yeah so an AI agent on bass or on salana for that matter is basically
um an artificial intelligence that has either been created by a team of AI experts or launched on an AI agent launching Launchpad where anyone can launch their own AI agent and um these AI agents are set up with a Twitter account sometimes their own um crypto wallet sometimes a bunch of other other stuff in the background and they're basically like they're acting pretty much autonomously and you can engage with them you can reply to them on Twitter they will tweet by themselves they will consume the timeline they will read various things and so you have cool things happening where you know there's AI agents creating their own music albums and pumping that out and launching that there's AI agents who um
are doing their own trading and and you know they post their plays publicly there are AI agents basically for everything I think if you're bullish AI and you bullish crypto AI agents are the future we're just we're just at the very beginning Innings of of seeing how significant these are going to be um like my timeline now sometimes I read a post and like more than half the replies are just one AI agent or another and and half the stuff on my feed now is probably AI agents because they're posting oh you know because they can analyze so much stuff so quickly they can be like oh well you know the attention is Shifting to this narrative or this coin or this matter and they can find it out before almost anyone else it's almost going to put like the K's or the influencers out of business the
people Shilling random CRP when you have ai agents who a you can know what their intentions are and where they're aligned and and that they're not nefariously Shilling a bag on the side or you can be pretty confident about that and B they're just consuming raw data and posting facts and so yeah it's a fascinating space to be paying attention to and um I think it's it's basically where the biggest gains have been over the last month or two and I think I mean I've been bullish AI I don't since late 2023 um when Chad gbt first came out and I think that uh it's going to be probably the most dominant Narrative of this cycle along with meme coins and these AI agents like at the Nexus of AI and meme coin so very much worth paying
attention to I think okay fantastic I love it uh final reason reason number six air drop speculation yeah um so this is I've definitely seen people speculating about the air drop people were speculating about a year ago uh it is it's just that it's pure speculation coinbase has come out and said many many times there is no token there is no air drop we're not planning a token but optimism said the same thing a lot of protocols have said the same thing Ian ler said the same thing uh it I'm not expecting it I think I'm treating it as like a cherry on the top if it comes and great it's a bonus but with the regulatory landscape changing in America with gendler going out with
potentially a pro crypto person coming in I could see if and when sensible regulation comes out in America and this could take years still um it could happen sooner it could take years coinbase exploring launching a coin um and you would imagine that they would aird drop it to people that have been active on their on their base chain and if they do I mean you compare it to some of the other coins optimism or uh B&B the binance chain these are some massive market cap coins I would expect Bas to be a top 10 coin if it does launch again I'm not expecting it I put it at a low percentage chance but I think it's it's not insignificant and it is worth keeping in the back of your mind okay so just to recap six reasons coinbase is kind of a big deal and they
run base so we have a lot of a lot of belief in them friction is slowly disappearing eth season is coming uh people on this team worth investing in the people behind coinbase and base really believe in them metrics are looking great as we talked about and then uh the cherry on top maybe there's an air drop I agree don't don't bet on there being an air drop don't make any decisions just if there's an air drop it would be nice and quite honestly like you'd kind of be a fool to not do some stuff on Bas right because it's pretty easy to collect some nfts on base for free or something like that I feel like I've been doing that for years just going to zorao grabbing their free nfts just in case case there is an air drop
uh you want to give yourself some sort of um access to that uh okay so those are our six reasons Bas season could be coming I'm bought in now Zen I like it I'm following along how do I take advantage of Base season what are the what are the ways in which you are trading and getting out getting into exposure here so there's a lot of ways to get exposure I mean like we've said there's no base token so you can't just buy the token if you want Financial exposure you need to buy other tokens within the ecosystem um one of the major ones is Arrow which is you know the the big decentralized exchange on base aerod Drome um but on on the where I'm spending most my attention is there's
this platform called virtuals and it's an AI agent Launchpad kind of like pump fun for those familiar on salana the mean coin Launchpad except this is for launching an AI agent with a token associated with it uh it's it's very cool very interesting a lot of I mean I think there's a couple tokens or at least one token over 100 million market cap that's been launched there already a bunch in that sort of 10 to 50 million range and a bunch below um and the other place is farcaster I think it is you know farcaster is a decentralized social media app I wrote about it back in Feb it is a big deal in the Bas ecosystem uh most of the transactions on farcaster are done on base like 95% Plus or
something like that it is very aligned with base um there a lot of devs and builders on there and there's just some cool stuff being launched from there there's another um token called clanker which is basically another pump fun style bot that allows anyone to launch their own tokens except they do it by just within the social media app podcas it you just write a tweet or post or whatever you call it at the bottom be like hey can you deploy a token for me and all of a sudden a token is launched with a liquidity call and everything um and the other thing on farcast that I found find probably the most interesting of everything is this thing called a non um a non-cast is uh basically a way for anyone who holds their token or a certain amount of their token can use
this protocol to put out a post on faras or even a tweet that uses ZK proof technology to make it 100% Anonymous so this is if you want to tweet something and have nowhere ever been traced back to you um in the past you would need to spin up a new Twitter account and and you'd have no followers and it'd be very difficult to get out or you'd tweet it to something like crypto confessions and they would maybe post it but this allows literally anyone to who I guess yeah you need to own the token or some amount of it but people to tweet their mind have no possible this just mathematically impossible for anyone to trace it back to you and it'll get posted on faras it'll get posted to Twitter to a pretty
significant audience now because more and more people are following this account um vitalic bought this coin a few weeks ago maybe it was a week ago time is weird but and and that sort of like um obviously gave it a lot of attention and people went crazy for it uh but it's because it's a really cool use of crypto technology like a lot of these things are mean coins that will go to zero um some of the AI agents I think have actual utility you know their data um they're getting a lot of data they're trading they're providing plays they're anal analyzing things and then you have this ZK proof technology for posting anonymously which is is just really cool so um yeah farcaster and virtuals are probably the two biggest places I'm spending my time and paying attention
to and you have uh in your newsletter you have a couple other opportunities uh I'm going to tease you guys listening today uh and make you click the link in the show notes and go to the article uh to read the rest uh this isn't a paid promotion for zenica or anything like that this newsletter is free guys don't worry uh more so just in in the interest of time I don't want to uh continue to go through so uh in this newsletter there's two other focuses or opportunities to get uh exposure within the base ecosystem and then also you talk about a bit about how to uh if you need to bridge how do you bridge how do you move assets over to base that's also in this article we'll link for that as well uh zenica I'm I'm feeling pretty
bullish on base and the opportunities here it's uh it's feeling like you said that like base season is just just starting like maybe not even started yet where do you think this goes from here I feel like it's yeah I think I think it started um but you're just starting so I've never been personally someone that is super duper crazy early to things like the people that were on base for the last seven months or came to base three months ago two months ago and started paying attention buying things and being active those are the super early people I'm never that person I'm the person who waits for momentum to take off and I'll usually buy in higher and and pay a bit of a premium for being slightly later but it's when I feel like there's Confluence of enough data points
to suggest all right this is this is going to take off stream this is a big deal um all the metrics are lining up and so I I felt the same in like January early Feb this year when the previous base season took off again off the back of farcast and we saw the DJ token go absolutely crazy very similar feelings now big difference being that we're in a much more bullish part of the macro cycle right now if ethereum is probably going to go crazy soon Bitcoin is going to hit 100K soon all season is going to start soon and so the last base season I think was a warm-up for the real big base season which is you know it I think if the market stays good over the next month it'll it'll start now there's some potential that you know we cool off and
and the next leg up doesn't start till January or February but I think most people listening and and in the space are aligned that you know over the next six months crypto is going to be bullish and I think uh B season will happen in a very big way at some point then and I'm I'm betting I guess that it's happening very soon hey when when zenica has got conviction you should follow his conviction I mean actually you know it's funny as I say that you said in the end of this article yourself to follow your own conviction and your own curiosity but I'm gonna I'm gonna I'm gonna cheat here and tell tell everybody that hey when Zen has a conviction you might want to check it out at least look into it give it some serious consideration look into it do your own research yeah yeah
yeah yeah exactly everybody listening I want to know uh are you guys are you guys participating in bass season do you think bass season's coming do you want us to produce more content around bass season or did you not care about this episode at all and tell us that we should go go check ourselves and come up with new content for you guys always we're making this content for you guys so tell us how you feel about it let us know if you're hype on base or there's something else you're more excited about zenica as always thanks for joining in thanks so much for listening everybody have a wicked awesome day 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 5 minut 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 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 day