[Music] welcome back to the Crypt Trends podcast where we cover all things cryptocurrency blockchain web 3.0 and AI I'm Robert croak joined by my co-host Armando panoa both of us in our amazing team are excited to bring you the best information guidance and strategies each and every Wednesday so follow along on and always remember to take notes and take action today in the episode we're going to cover these three topics number one the sec's latest Crackdown number two sana's Game Changer and number three what could be the biggest move in crypto history okay let's get into talking point number one is the crypto World crumbling and what does the latest SEC Crackdown mean for crypto in general Armondo with the SEC r ing up its legal battles against major crypto platforms like Robin Hood what do you think this signals for the crypto ecosystem and should we be fearful or do you think this is just more posturing by the SEC yeah I said something yesterday on one of my lives I said that you never hear about SEC action threats of bans anything like that in the bare Market it's always when crypto goes up we hear these things right I think that what this means is they're going to try to increase that regulatory framework around crypto and it's a strong strong signal to the community and ensuring compliance of crypto operations within the existing security laws robera Tri to say that their assets aren't Securities right because they also do stocks so they say that you know the crypto the Bitcoin ethereum that we trade and we provide to our people isn't really you know security this Clash could cause a Slowdown in crypto or it could prompt deeper regulatory Frameworks I mean we've been talking about this for a couple years now that the SEC and Gary gendler's Little Witch Hunt here could chase some of the best Technologies and companies out of the US Al together I thought we were over it with the victory uh with ripple um but obviously that hasn't been the case but also I want everyone to make sure again to always zoom out and not have knee-jerk reactions because what you saw in the headlines in the last few days was that Robin Hood received a Wells notice all this is is a request for information for them to open up their business for the SEC to go through with them and make sure they're following the rules laid out and you know in my opinion we still don't know what those rules are but at the end of the day you know the SEC just continues on its charade so that's something that we just really need to keep an eye on so now I want to add something here is that we me and you both are big fans of xrp right y so xrp actually has a head if if the SEC continues going after crypto companies SEC already has a four or five year Head Start so they're going to be ahead of all these other companies when this broader regulatory framework comes to be in so that's why I'm still a big fan of xrp I just wanted to add that in yeah me too um so many people many in our in our peer group say that xrp is a dead coin and it's not going to go anywhere and that's just all of the negative news sentiment that's been surrounding Ripple labs and xrp the co and I just think it's ridiculous you know because when you look at the actual adoption the projects the Partnerships that xrp has I believe xrp even in this bull market once the settlement is reached could get to$ 6810 in this bull market you know so we just have to look at it from a total macro understanding of the market and you know you have to look at could this very well serve as a precedent for how other crypto firms will integrate with regulations and navigate their operations in the US market potentially challenging the way cryptocurrencies are perceived by the regulatory authorities so that was a lot but let's get into talking point number two are you ready for the salana GameChanger so Armondo with Joe mccan highlighting the fire dancer update for salana which aims to ramp up its transaction capacity significantly how do you see this impacting sana's position in the C crypto markets as a whole now this salana update is is is huge right it's going to be a game Cher for many reasons one is it's going to increase transaction speeds at after the update salana will be one of the fastest cryptocurrencies on Earth two it's going to position salana as a much more competitive option in those layer one block against those layer one blockchains like ethereum and also cardano right especially considering its existing benefits of high throughput and low transaction cost the third thing is it's a massive boosting capacity and it's going to pave the way for broader institutional and Retail investors so before we go into my thoughts on that where are you at with cardano do you feel they really have like an identity crisis when it comes to technological advancements because so many people ask me on a daily basis in the lives is cardano a dead project I don't really have an answer I know that Charles does a good job promoting it but what do you feel about the technology are they keeping up is it a meaningful project in the future or has everyone else kind of developed more and left them behind yeah so with that I think uh the main problem with cardano is they're not keeping up with technology that always goes back to the developers uh the crypto spear is very competitive when it comes to getting the best developers the better the projects are run the more developers want to be part of that project cardano's biggest issue right now is they don't have the right developers they don't have enough developers to move forward or not not enough knowledgeable Developers to move forward in this technology that's now we're been you know now like ex saided with the salana update that we're seeing these other blockchains do Bas Network Bas Network salana update there's just so much great St update yeah so there's so much great stuff going on so I mean definitely in this expansion reflects not just a technical enhancement but also a strategic one possibly driving more developers and users towards solano's ecosystem as crypto continues to evolve so let's get into talking point number three and this one's a little bit scary but is the crypto World about to change forever the spotlight on Hong Kong as a Gateway for crypto highlights both the financial and geopolitical shifts happening in real time and if Mainland money starts funneling into Hong Kong's crypto ETFs were likely to witness not just a financial shift but potentially broader acceptance of crypto as a legitimate investment vehicle across Asia because remember Asia was severely dragging the United States India and some of the other countries because of so many regulations against the cryptocurrencies so armo how significant do you think the implications would be if Bitcoin ETFs are included in the Hong Kong stock connect giving mainland China investors greater access yeah so uh if I've been in crypto and you have two for over 10 years and and when crypto first started it was actually more popular in Europe and Asia it was very few Americans uh that knew about crypto I would go to crypto conferences in Europe in London and Spain and Portugal because there wasn't a lot here back in 2013 14 and 15 they've always been more accepting of cryptocurrency and people have been always afraid to do anything here because the SEC has always been so aggressive but I think this potential is huge right it's going to include B Bitcoin ETFs in the stock stock connect and will absolutely transform the crypto and digital asset landscape both in Asia and worldwide uh it's going to enable those Main land investors to directly invest in ETFs uh possibly leading to a huge influx of capital and when do you see from all of your research and what you're reading when do you see this happening uh I think it can happen this year I think that what I think's happened I think the SEC is doing a huge disservice to the American public because they're literally pushing Innovation and pushing the one of the biggest technology Innovations in the in you know in the history of the world to overseas to Europe to Asia some even in Latin America with El Salvador so if the if the SEC doesn't straighten up and start accepting the INE inevitability of cryptocurrency they're going to cause America to be way behind other countries I mean this could really indeed Mark a pivotal moment in the crypto space potentially driving broader adoption and investment from mainland China into Hong Kong which is already a vibrant market so there is something else big on the horizon and that is $2.4 billion uh in Bitcoin and eth options set to expire soon so how do you think this will impact the overall Market volatility considering where we're at with the markets right now now there's a huge set of expirations that are out there right now and normally when something like this happens in stocks or crypto it will cause short-term volatility on the up or the down side more than likely on the downside right because this as in there a lot of people in the Market don't know what's going on and anytime there's insecurity or unsure or people are unsur markets tend to fall so historically we've seen periods uh like this we see a short drop then we see it followed by very strong recovery in the next days or even weeks uh a big part of this is going to be driven by What's called the put to call ratio right so for those you don't know a put is an option to sell a asset uh call is an is an option to buy an asset so a put normally is when you think something's going to go down call is when you think it's going to go up so it's a good indicator of sentiment around a certain coin or even a stock right so right now uh there's more calls out than puts right so the put to call ratio for Bitcoin and ethereum are currently extremely low for a market like this this indicates a a huge bullish sentiment among Traders and it's it's actually suggesting that the market is going to rise uh after this shortterm retraction yeah I think that's a great perspective and indeed the low put to call ratio highlights a positive Market Outlook for Traders which might cushion the volatility that typically comes with such large expiries so I think that's a good breakdown and really helps our listeners understand the sentiment in the market every single day you and I are both inundated with DMS and people on our lives asking us oh no oh no what do we do and right now I just feel like for me it's business as usual I'm buying crypto every day I'm dollar cost averaging on all of my you know the different projects that we talk about on a weekly basis and a daily basis and to me none of that changes because we are investors we're not looking at the day-to-day price fluctuations as a means to an end to figure out what to do and I think that's what everyone needs to look at if we go back a few weeks I think I talked about there are Traders there are gamblers and there are investors we're investors and we want everyone listening and following along to be investors too you can be a Trader but we don't want you to be a gambler and to me in this market condition a gambler is someone who is chasing every new coin hoping for that 100 200x and that's a real really scary proposition for our followers and our listeners because every single video their conditioned to seeing on Tik Tok and Instagram daily is this is the next 100 to 200x coin and it's all clickbait and it's and it really bothers me because it hurts so many people so I struggle with the influencers out there you know who you are who put that information out just to get likes and Views because people get hurt by it because they trust them so please please be careful when in doubt zoom out and make sure that you're just following really solid people like Armondo and myself that are out there to provide you value and great information to the best of our ability I want to touch on something too is that uh me and you in the crypto Trends podcast on our individual social media platforms we've talked for months and months and months about there's going to be a draw down somewhere around the having because why because institutions want to get in uh and normally always happens around the having as as minors give up there's a lot of reasons why it happens but and then it starts to happen right uh now you never know what the method that's going to be used to get it down right it could be uh they banned it over here or the SEC is going to threaten to do this or whatever it's always some method to get it down so those institutions can get in so this is all a big game I don't believe that the SEC has a lot of uh they couldn't win against xrp xrp is the most security like coin that or token that there is so if you can't win against s xrp clearly you're not going to be able win against anybody else I think we just need to you know be calm uh and normally takes what four to seven months we did analysis two weeks ago before the market correct or before there's a strong recovery and we go into a strong bull market after the having so it's just just wait be calm do dollar cost average in and everything will be okay okay so for our first question in this episode John Baker asks hey guys love the podcast can I see AI coins rally in May with Nvidia earnings coming on May 22nd and to me John the answer is yes I don't think we're anywhere near a bubble in uh Nvidia and AI in general and there's just so much great news happening in the AI space so I think the coins and the associated stocks like mu Nidia AMD paler all are still really good buys and I think good positions to hold and even though you're going to see some headlines right now with uh Mr dren Miller stating that he cut back on his Nvidia Holdings that's all clickbait to get you guys to follow and have an ejk reaction so I wouldn't worry about it AI has a long long road to go before I believe it's going to be in a bubble or it's time to sell I want to add something here last week I was on a a panel uh with the c CEO of uh of bit digital and the CTO of Hive right and they both said that they're going to they're both a crypto miners right they're going to expand their crypto mining to AI because AI gives the same returns as crypto mining more or less so this is a sign that crypto and AI starting to emerge so those AI tokens I I said this a year ago uh when we were on the stock exchange I said that I think AI tokens are going to be a huge huge driver of narrative in this next cycle and I think that eventually that's going to be one of the strongest use cases of cryptocurrency outside of Bitcoin yeah and the next question comes from Mark and he asks what are our thoughts about the ASI coin coming out and the merger with fetch a agx and ocean protocol um I think it's a great merger uh what do I think the price action is going to be no one really knows we could see a pullback on it because all of a sudden you take three great projects merging them into one in the AI space um so we could see a drawback and then uh return to a really strong future for that project but Armondo what are your thoughts for Asi yeah I think that's it's a good idea to merge them together because then there's not so many conflicting uh conflicting coins conflicting ideas and most of all they can work together now when you have three separate four separate five separate IND like companies all working they all have to work independently right but now if you put all of those Minds in once they work together as a unit like a centipede if all its legs move in the same direction it can move a lot faster and all of them moving independently so I think ASI is an amazing amazing uh approach uh to solving this big AI problem that exist in the world right now and I think it's going to be a great coin going going forward in the future yeah and for those of you that are unsure from everything I've read uh the ASI coin should be going live in the next few days so look for it we'll make sure to keep you posted on it because we love the project and we think it's going to do really well in the future uh the last question in today's episode is what are your thoughts on propy you guys have been talking about propy a lot what do you see for the future and uh and the coin uh yeah I think propy has a lot of potential I've always liked propy uh they were they are a sponsor of our podcast but I always have liked property because that's this the only real real estate company on the blockchain everyone this fly by nights these weird uh ways that you can make money on yields and all this crazy stuff propy is a legit straightforward company that uh that solves a lot of the problems with titles frauds and documentation in uh real estate right it's using the blockchain to do it so I think propy eventually is going to be one of the top coins if not you know at the very top over the next 3 to four years yeah I agree real estate is the biggest I think sector that the blockchain other than crossborder payments and banking that can be disrupted with technology in the blockchain so that's why I love propy as well and I think they're doing it right and we personally know the founders and the dev team and everything so we we love the project and I think it's a good one to keep an eye on so that's it for this episode I want to thank each and every one of you for listening and following along you can find find us on Instagram @ Crypt Trends podcast and on Spotify apple and YouTube we're so excited for 2024 and Beyond and to share all of our insights with all of you if you love the podcast please share with a friend and give us a five-star review and we'll see you next week