Why There Wont Be An Alt Season This Cycle
Episode publishedPodcast: 1000X1000X
Transcript preview
Preview only
There's gonna be no alt season this time. That there there will be sector based seasons. Why? There's just too many coins. There's too many coins. There's just not enough capital for an alt season to happen.
This episode is brought to you by Kraken OTC. Get access to 247 trading services for high net worth individuals and institutional clients to execute orders over $100,000. You'll hear more about them later in the show.
Back to another 1000x podcasts. In the midst of market meltdown, Jonah and I have come together to give you guys the take that everything's gonna be okay, that you shouldn't worry so much, that you should go outside, touch some grass. You know, I I tweeted that there's a lot of dispersion in market opinion recently, and that's unequivocally bullish on the market. And then I followed it up with, I'm looking for entry points this weekend. Now what ended up happening is that Sunday night, we imploded, and what tends to happen is that if you get an implosion on a weekend or on a Sunday, specifical
I am. I think it's notable that Bitcoin well, first first, we can go through, like, your tweet. Your tweet was brilliant. I I couldn't have articulated it better myself. I I tend to get scared when everybody's consensus bearish or bullish. Scared when people are consensus bullish, greedy when people are consensus bearish. I like the Warren Buffett quote about that. And, yeah, there's not a lot of consensus right now. You have some really prominent, respectable people in in the crypto trading community calling, you know, for cycle peak having already happened and others like you and me saying,
Nasdaq Nasdaq went down 3 a half percent.
NVIDIA down 17, 18 percent too. Yeah. So And
the the NVIDIA sell off to me was really funny because everyone's describing it to deep seek, and I think that's right. And what I spent today doing is trying to figure out if I was missing anything, because to me, deep seat doesn't seem like it should send the markets tumbling. This reminds me of the age old blockchain debate that we've actually had on this podcast. The debate is, well, if blockchains reduce fees tremendously, and they become extremely scalable, then how could they ever have any real value? Because they're not gonna generate any meaningful revenue. You know, if fees come down
claim they haven't proven. Like
They claim. Now the the why are people worried? Well, if you can run models with less compute power, then you need less chips if you assume that demand stays the same. You need less data centers, which, you know, Meta has invested in a data center of the size of Manhattan. Everyone and their mother is building out data centers. Why? Because they think that there's gonna be a massive increase in demand. And I don't think that there's finite demand for AI. If it if it's supply and demand, if you take something like an orange and you cut the price in half, more people are gonna buy it. If you tak
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.