Can Rate Cuts Save Crypto’s Bull Market?
Episode publishedPodcast: 1000X1000X
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Rate cuts are massively bullish. Jackson Hole was massively bullish. So here we are on the verge of a cutting cycle. That's when I told myself, despite the froth and the top signals that I'm seeing, I don't think it's the time to get cute and try to, like, pair positions. I think probably wanna just sit and ride the volatility and deal with it for a while, and sell at higher prices.
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We're live. Welcome back to another thousand x. I want to start off with an apology. I want to apologize to the Chainlink Marines who flooded my DMs with absolute hatred after we discussed Chainlink. Let me just pause. We got a lot of hatred. I don't think we were that bad towards Chainlink. We actually said that they have a lot of revenues off chain and we just didn't know how to track them. But I think people seized on to the first part where we said, Oh yeah, their on chain revenues aren't great. And then Jonah chimes in and goes, But their off chain revenues are great, and they just heard
I don't think so. I haven't been seeing the ball very clearly for the stuff that I've been actively trading in the last week. I've done a pretty piss poor job of trading. I think that just as a recap for people who haven't been like bombing me with hate on Twitter and in my direct messages. I bought some ETH at 3,600. I pitched it back out at 4,003 and 50. Then after Jackson Hole, I rebought my ETH at 4,800. And now it's sitting at 4,500 down on me again. So overall, pretty proud of the way I traded the first leg of the rally. Kind of had that tingly feeling and got long before the first big r
don't know if it's too soon. I'm very proud to say, we proved all the haters wrong that told us that we were washed up and lame because at 3,800 per ETH, when we got on the podcast and said, Hey guys, it's actually a pretty good time to buy. Everyone gave a shit and then it went up 32% from there.
Yeah, the straight line.
We told everybody to get into Aave at $2.80. There's a wick for up 40%, but realistically, that also went up 30%. Link did well. Aerodrome crushed it. Aerodrome was fucking phenomenal. If you listen to us on that one, you're up like 2X. And what we kept saying over and over is that you've got to be taking profits. We said that on the last podcast, the podcast before it, the podcast before that. There are going to be violent moves here. And now that we're near what we call the end of the cycle, things absolutely can get stupid. But you should be taking profits up 20%, up 50%, up 100%. You need
Yeah, I don't understand why people are saying that it's over. I don't think it's over. I don't think it's over at all. I think the big feature of the market that freaked everybody out over the weekend was some whale blasting out a bunch of Bitcoin. And we'll get to macro in a second, don't worry, but like, I think the way I look at these sorts of trades, these big trades, is, you know, the whole market will freak out about it, whether it's in TradFi or in crypto. Oh my god, this whale just sloppily sold a bunch of coin. Market went down a lot. Oh my god, it's over. I think those two conclusio
Yeah. I 100% agree. The only thing that I would add to that statement is that crypto and specifically ETH right now is just a juiced version of the markets. Yes, it rallied
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