Ivan on Tech analyzes Bitcoin's sideways accumulation phase while covering SpaceX, AI stocks, and altcoin commentary
Ivan on Tech presents a solo market update covering Bitcoin's position at the 200-day moving average, SpaceX's AI-driven valuation surge, and a wide-ranging Q&A on altcoins including Solana, Cardano, XRP, and Monero.
Summary
Ivan on Tech delivers a solo livestream market update, arguing that Bitcoin is currently in a bottom-formation phase at the 200-day exponential moving average and that boredom and sideways price action are healthy signs of accumulation rather than cause for alarm. He notes that spot ETF inflows are rising despite low volatility, which he interprets as institutional accumulation at cheap prices. A significant portion of the episode focuses on SpaceX, which he describes as having flipped bullish on the hourly chart on August 7th, and he plays clips from Elon Musk's first SpaceX earnings call in which Musk projects AI will represent 99% of SpaceX's value within five years and outlines a primary target of 6–8 gigawatts of incremental data center capacity by 2027 (with an aspirational ceiling above 10 gigawatts) and a path to $300 billion in annual recurring revenue. Ivan also covers Cardano at length, arguing it has failed to achieve meaningful adoption despite years of development, citing the absence of a native stablecoin and the departure of early builders as evidence, and briefly contrasts Cardano and Polkadot, noting Polkadot's lack of a prominent public figurehead. He highlights Michael Saylor's ongoing Bitcoin marketing campaigns as a notable feature of current crypto sentiment. He closes with a Q&A covering Solana's near-halt, Monero's privacy model, Robinhood Chain's early metrics, and XRP's current price action.
Key Takeaways
FULL TRANSCRIPT
Bitcoin at the 200-Day EMA — Accumulation Phase
Ivan on Tech: Welcome to another episode. Right now, Bitcoin is still at the 200-day exponential moving average. We are below $64,000. We did drop a bit, and many people are surprised because technically we got quite a nice CPI print yesterday. Inflation came down, which is very good for risk markets. Yet Bitcoin is still in this bottoming formation. We're still creating the bottom, where boredom is our number one friend.
Currently, we are supposed to be bored. We're creating the bottom. There is no volatility. Bears don't make money. Bulls don't make money. You only accumulate here in the buy zone. You are ready in case it drops even lower. But right now, boredom is our friend. Hello darkness, my old — but it's boredom, not darkness. Darkness we had already, guys. For most people, darkness was here. For most altcoin holders, darkness was right here. Now it's more boredom. It's more shopping. It's going sideways. So that's number one.
Number two, what is important to see is that we currently have spot ETF inflows rising. Volatility is low but spot inflow is rising, meaning that you have a lot of institutions starting to allocate. They understand that Bitcoin is cheap here at the 200-day EMA. Even if it goes lower, don't worry, be happy. It's still cheap.
SpaceX Trend Flip and AI Valuation
What is also interesting is that this CPI print really made many stocks pump. You have SpaceX in particular doing fantastic. You remember we said don't touch SpaceX at the IPO and after the IPO. When SpaceX went into bull trend on the hourly, we said it's time to buy — time to buy because the trend is confirmed. And yes, indeed, as soon as we broke out from there, you see up and up and up and up in a very nice trajectory, a fantastic trajectory, up and up and up for SpaceX.
This is the power of the trend, guys. This is the power. You just saw basically a masterclass of trend following where everyone was super bullish. People were buying at $220, $230. We said don't touch, don't touch — bear, bear, bear, bear. As soon as it flipped bullish, fantastic. And on a new chart like SpaceX, the hourly chart is very nice. The hourly time frame is fantastic. As soon as it literally flipped bullish, I was there in Bullmania Discord saying that we're bullish on the hourly. I recorded a dedicated video for our members about SpaceX and why it's important to pay attention. And now it's Valhalla, guys. Valhalla. Elon is pumping us even higher now.
Let me show you this. SpaceX is now talking at such a grand scale. When Elon speaks, he speaks about developing a star mind. We're going to develop this AI that is going to be fueled by the sun — a sun-powered sentient system. He references the Kardashev scale. Basically, we're going to use so much energy, we're going to be transforming it into AI. We're going to level up on a civilizational level.
And this is, by the way, in comparison to all of the, you know, "use less energy" narrative — don't use anything, go live in the woods, don't fly. In reality, civilizations that develop use more energy. If you have an advanced civilization, you use more energy. Just like some person in sub-Saharan Africa uses zero energy and you here watching the stream use a lot of energy — it's a different level of civilization. And it's not bad to be a well-developed civilization. It's very good. You have to accelerate. Use even more energy. Put a Dyson sphere around the sun. That's what it's called — a Dyson sphere.
So of course this translates into the valuation, because when people read this, they're like, "Holy crap, we're going to level up on the Kardashev scale. We're going to go to star mind." The way Elon speaks actually justifies this kind of valuation. And this is where the average stock analyst, when he looks at SpaceX, his brain does not compute. He doesn't understand how it can be worth so much — we're speaking in trillions here. But of course, if you go multiplanetary, you have this kind of scale of thinking, this scale of vision. It is credible. Especially with Elon, it is credible. That's why the market gives Elon this valuation and this pump right now, especially because the market has cooled down and now we can restart and go fantastic.
Now what is interesting here also is that when you have such a big valuation, many people missed this flip right here because they were scared by all of the, you know, trader analysts saying it's so expensive, it's trillions, look at other companies — even the biggest ones like Apple cannot compete with SpaceX. Does it really make sense? But here's where we just look at the trend. We don't worry too much, because if Elon comes on stage and starts speaking about a hive mind, Wall Street will throw money at him and we're going to be part of that. We always need to be part of the bull trend no matter what.
So all in all, he had a speech yesterday. This speech was super bullish. Everyone super bullish. We did see a 50% cut in price already. The bull trend flipped right back on August 7th. So already, some people feel, "Ah, I'm a bit late now." I mean, if you believe in SpaceX, it's still a bull trend. You can argue that we're in the early bull trend. If we're going to go to all-time high, we're still in the very early bull trend.
Nvidia Group and AI Earnings Momentum
Also, when you look at the stock market yesterday after the CPI print, and also with more and more data coming out from earnings, you have Nebius Group pumping 34%. So here you have a lot of AI narrative again pumping in fantastic fashion. The real rocket fuel was commercial momentum for them. Total contract value up, jumped 4x. Another evidence that AI is translating into real business results. Four landmark AI cloud agreements. Average annual contract value climbed and is now $20 million per megawatt. 70% of new deals include customer prepayments. Get the money in. Fantastic.
Elon Musk's SpaceX Earnings Call — AI and Starlink
Let me see if I can play this clip from Elon. He said: "Probably in four or five years, AI will be 99% of the value of SpaceX. I'd say five years for sure, AI will be 99% the value of SpaceX, and the value of SpaceX will be some astronomical number."
Also, SpaceX is not only a stock. Let me tell you why people are excited — it's not only the stock. It's also this: we're going to freaking space, man. We're going to stop being purely terrestrial. We're terran. We're going to take over. We're doing this star factory. People just want to be part of that. You understand? So when you look too much at the valuation — yeah, SpaceX has low revenue in comparison to valuation, it doesn't make sense if you look at it as a normal business — but we just follow the trend. Because if most people in the world click the buy button, it's going to pump, so we're going to be part of that. Why? Because the Wall Street analyst, how old is he? Thirty, forty? When he was small, he played Starcraft. He was Terran. Now he says, "Holy crap, we can go to space. Let me buy a little bit so I can be part of it." You understand? Don't worry too much about the fundamental analysis. If it's a bear trend, don't touch. If it's a bull trend, touch. That's it. Look at the chart. Let's go to space.
Elon shocked the world again on SpaceX's first earnings call — 6 to 8 gigawatts of incremental data centers in 2027 alone. So here's their AI strategy. It's going to be very important. He's focusing so much on AI now. Possibly well above 10 gigawatts. Sounds impossible, but we believe it. We see SpaceX on track for 10 gigawatts by end of year 2027 and a path to $300 billion ARR. So if you want to connect the valuation to the ARR — if he reaches this, we're going to go to $10 trillion. It's a bit far away, but many people are saying he can reach it within the coming year or so. Also knowing Elon, he's always too bullish, but then he achieves it maybe ten years later. So just keep that in mind.
Why would anyone pay for that much compute? Inference is unbelievably profitable. The tokenomics model and inference simulator show OpenAI and Anthropic can each generate $100 billion per year selling inference. You see it yourself. Business doing good, AI doing good, chart bullish — fantastic.
Market Sentiment — The "Exhale Trade"
With crypto, guys, it's the same. There's nothing more — some Bloomberg, SEC — I don't even want to speak about it. I want to speak about Elon going to Mars. We're going to again speak about the SEC making some rule. I mean, they're going to make some rule, but you know, crypto is sideways. Let's see when we exit sideways. Altcoins — don't touch. Altcoins — don't touch. Accumulate now. Use this boringness for accumulation. It is a bottom formation process. That's it.
But it is interesting how you really have to be 360. Remember, we've been speaking about 360 investing now for over a year, because we said crypto is in a bear market and we have to look elsewhere — like the stock market, et cetera. And now, based on what we're seeing with AI, with SpaceX, stocks is where the action is at. It's been like that for the past year and it continues to be so. So until crypto breaks out, we play mainly in the stock market. Should Bitcoin start pumping and break out, fantastic. But it's so important to be 360. Otherwise, you're a year just losing money if you don't know mechanical rules and don't follow the trend. While you could have been making money — look at the AI revolution. What has been going on? It's crazy.
Bill Ackman just bought three companies. He already owns Netflix. Amazing company selling for cheap. Probably bullish, fantastic. 7-trillion-asset-manager Fidelity to enable staking. Okay, there you go. Elon going to space, and we're speaking about Fidelity staking. Okay, good. Guys, accumulate. It's boring as hell. Accumulate, accumulate. Goldman Sachs says after the CPI data, the Fed will hold rates in September. Fantastic.
SpaceX pumping 40% over the past five days. Fantastic as well.
In the overall markets, we have the exhale. I love how Bullmania AI put it — it's the exhale. We now have the exhale trade where people were worried about inflation, and now it is exhaling. The July CPI landed exactly in line. Equities and bonds bid. September rate-cut odds dropped hard. We were braced for hot inflation and it was not hot. Fantastic. CPI in line. We're exhaling. But Bitcoin is lagging. Bitcoin is now lagging.
Michael Saylor's Marketing and Bitcoin Sentiment
Something else that is the best, guys — it is Saylor. He has now released another hit, and it's beautiful cinematography. It starts off with this deer — I love it. He's the best cinematographer of crypto. Listen to "Beat the Coin." Why is everything now Japanese? Do you remember a few days ago we watched this other one where he ate ramen and he was saying "kanpai"? Very interesting marketing strategy.
This is a new one. Let's watch it. Beat the coin. I mean, I love them. I love them. I cannot stop watching it. I don't know what it is. I know we already watched one a few days ago. There's something with it. I cannot stop watching it. It blows my mind also how he promotes the company. He is the biggest promoter of Bitcoin on Wall Street. That's number one. That's number two. And then he posted this — in comparison to Elon and the AI people speaking about star minds and going to the stars, we in crypto are simpler. We're here. Give me an AI slope video. There you go. Put it. Push it. Plebs are going to eat it anyway. Fantastic. I mean, it's mind-blowing.
Now, guys, currently we have greed, no fear. We have all greed, no fear as the CPI is coming in cooler, which is good. We want cool CPI, low inflation, which means that likely the Fed will not have to raise. They can keep the rates, maybe even decrease them — especially now before the midterms. If it is the case that Trump has control over the new Fed chair, Kevin Warsh, maybe they must be collaborating in some way. Maybe the rate is even going to go down. Let's see.
Bacon Virtual's Bitcoin Allocation and Bull Flip Targets
And finally, Bacon Virtual said he has 85% now in Bitcoin. Listen to this: "My current bets — I'm 85% allocated to Bitcoin."
Now, with Bacon — I love Bacon, but he was maybe a bit too bullish on shitcoins, maybe a bit too late. I remember watching — I love Bacon overall. I think here he is more correct, but with the shitcoins the timing was a bit off. I think this is not too crazy. As you know, we're not this aggressive yet. We are DCA-ing, not this aggressive yet, but it could make sense. Absolutely.
He said: "I see a little bit of downside eventually in the low $50Ks. Once we get into the low $50Ks, I will go all in on Bitcoin. If we manage to get above $66,500, I will take some trades, and if we get above $83,000, then the bear market is over — I go also full on into Bitcoin and altcoins back."
Wow. Okay. So actually we agree quite fully here, because our bull flip on the weekly is also at around $80,000 or so. From that perspective, I think we're kind of in full alignment. Except for the aggressiveness of deploying — we're just deploying 10 to 15% in the buy zone, and then the rest at the bull flip, because we want the best risk-return where we buy and it's Valhalla.
Because now there are so many other things to buy with the AI stocks, since we're 360. If you are only Bitcoin, then yeah, probably makes sense to be more aggressive here — like he says, maybe 85%. I think it's too high, but more aggressive would make sense here. If you are 360 and you are deploying capital elsewhere in the stock market, then it's better to just wait for the bull flip with 85–90% of the capital at the bull flip, because then you don't waste time in this chop-chop season.
If it goes to bull trend now — it's at $80K — in a few weeks it could be lower. If it goes to bull trend, instant Valhalla, like here, instant Valhalla. So if you want capital efficiency, be in bull trend now. When it comes to other assets, we've been in stocks since October 2025. Still many opportunities there. And then once we go bull trend here on the weekly, Valhalla — shitcoins, altcoins, it's going to be great. Crypto is going to be totally different. Totally, totally different.
But guys, now it's time to pay attention. As you see, it is accumulation time in the buy zone. It is time to start thinking bullish. From that perspective, I fully agree. We are exiting the bear. The exit of the bear is a long process. It's not just push a button and exit. It's a long process — sideways, maybe another flash, everything possible. So guys, on this note, let's go to Q&A.
In the overall markets, we have the exhale. The July CPI landed exactly in line. Equities and bonds bid. September rate-cut odds dropped hard. We were braced for hot inflation and it was not hot. Fantastic. CPI in line. We're exhaling. But Bitcoin is lagging.
Q&A — Bitcoin BIP 110 and Hard Fork Concerns
Ivan on Tech: Bitcoin BIP 110 is closed. Will there be a hard fork in September? No hard fork, guys. It's a fait accompli. No hard fork. We have only one Bitcoin. No BIP 110. Don't worry. It's unlikely. Obviously, if something major happens, we're going to let you know. But don't worry, guys. No need to worry.
While I can be sympathetic to the cause, now as we enter a new bull, we need full alignment, full agreement. This disagreement — take it in the bear. The bear is anything goes. But now, no disagreement. Bitcoin is one. Digital gold. Not changeable. 21 million. Everyone else, shut up. We go to Valhalla. It's a bull market. Bear market, you can do your bickering. Don't mess with the bull. I don't care about BIP 110 or whatever they have. The time for that was the bear. Now everyone shut up. No disagreement. Big smile. Big unity. Up only. That's it.
So yeah, the BIP 110 guys — they now try to fork something else. Let's see. They say the movement is not dead. They say it's not dead.
Q&A — Solana Near-Halt
Yo, Harsh — you saw Solana's near-halt news yesterday? I actually did not see it. I saw it just now that you wrote about it. Let's see what happened. Solana came close. But see, this kind of news — no one cares about it now. This would have been the number one front-page news of crypto before. Now everyone knows it's just — even if they halt or something happens, Degen traders are still going to trade. It's still better than most other things for trading, better than everything except Hyperliquid.
So what happened — a validator infrastructure switch caused a routing failure. Yeah, there we go. So it did not even stop. But you know, if this would have been two years ago, everyone would be like, "Oh my god, Solana almost stopped." Now I didn't even see it until you wrote it. Everyone knows that at the end of the day, you trade there anyway — except the only competitor is Hyperliquid. Hyperliquid is real competition that takes a lot of trading from Solana, and Solana cannot beat them now. But everything else — where are you going to go? You're going to go to Base? Where you going? You're going to go to Base, the corporate chain. Where you going to go?
Okay, you could go to Robinhood Chain. There's a lot of stuff happening there. But it's a corporation. So you can go to Robinhood Chain — that I would understand — but at the same time, it's a corporation. It's a hosted solution. It has a use case. It has many cool things happening there. But it's a corporation. So where you going to go? Where you going to trade? There's nowhere to go, man. There's nowhere to go.
Obviously, if there would be one Solana and then another Solana that never has any issues, that would be better. But there's nowhere to go. You have the corporate chains — you can go there. Robinhood Chain, I can understand that. They can pull the plug anytime. Or you can go to Hyperliquid, which is a credible competitor for perpetuals. But also, I think the reason why this is not big news anymore is that the debate about whether Solana can compete with L2s — I think now everyone understands that L2s are for a different audience. There's no real competition. That's why the ETH L2 crowd isn't shouting too much. What are you going to shout — that Base is better? Are you really going to say that?
What ETH could do is scale the L1. Scale the L1 — that would make sense. But let's see if they do that. If ETH scales the L1 so you can do the things you can do on Solana on ETH L1 in the same way with the same speed, okay, be my guest. I would be the biggest ETH bull.
Q&A — Cardano Adoption and Stablecoin Failures
Why are all decisions going to Solana? Is there a legit reason or just hype, as the tech is not so good? No, I just told you — it's the best tech for trading in a decentralized way, except for perpetuals. Whatever the FUD is, there is nothing better. You have a credible competitor in Hyperliquid for perps — that I fully understand, and Solana already cannot compete with Hyperliquid 100%. And then maybe you can say Robinhood Chain, but it's a corporate chain. If they want, they can shut it down anytime.
Now, Cardano. Nearly all protocols have died on Cardano. Yeah. Was it Sunday Swap? Let me see. Sunday Swap on Cardano — did they ever say that Cardano's tech is bad? I remember clearly there was some well-known Cardano project and they said, "Man, it's kind of crap." This was already years ago. Let me see if I can find it.
In the early days, when Cardano smart contracts went live, every early DEX hit the famous concurrency design constraint. They say it's a good design, but it freaking didn't work. How many users can touch the same liquidity state in one block? Builders talked openly about batching and UX friction. So yeah, let me know if this is probably fixed. I mean, this was already years ago. Probably totally fixed. Sunday Swap did not declare it bad, but they had issues with the UTXO model. Yeah, that's probably what I remembered.
Then Wing Riders helped Minswap. Circle wanted a big bribe to add ADA, but they said they don't want corruption. So you have nothing. You're so decentralized. Congrats. You're like — ADA is like Pulschain, guys. They're also in their own world. They think they're the best. No one cares.
ADA and Pulschain — I think it's the same kind of pleb brain. The same kind of special type of brain. You guys should meet. You guys should unite. Maybe you can create a new chain. You can unite the communities — ADA and Pulschain in one — because it's the same community. Multi-year wrecked plebs who still think they're the best. Mentally, they think that they are the best and everyone else is a pleb. That's their mental reality. Obviously, you look at their chart. But I think this could be something, guys. Maybe we should do a chain for ADA and Pulschain in one. The combo would be amazing, because I recognize it's the same — I recognize both the price chart and the wrecked state of the community and how highly they think of themselves.
But yeah, big shout out to Christian Zeladon. Let me add Cardano to Bullmania AI so every day I know what's happening to Cardano. There you go. Sometimes it still gives me Cardano because it says "et cetera." Oh, by the way, let me also add XRP. Now that the bull market is back, let's see if they pump. I will not add Pulschain and Hex. No — it's going to remove my brain cells in real time. That's too crazy.
Let me add XMR. But it's not really a platform L1 in the same way — it's not like an L1 with collaborations and news all the time. If I add XMR, I will just burn too many tokens because there's not like news every day about someone launching something. You understand — it's not like a platform L1. Anyway, you understand.
Guzman, I'm getting concerned adding XRP. Yeah. So we're going to keep an eye on XRP for our own education. Let me actually ask Bullmania AI. Let me also add Robinhood Chain. That's a good one. There are many things happening there because it's early.
Q&A — Robinhood Chain Metrics vs. Cardano
See, here's the problem with L2s, guys. Today, this L2 is early. Tomorrow, there's another L2 that's early. That's a problem because there's an infinite number of L2s. The L2 industrial complex is doing new L2s every day. So for now it is Robinhood Chain, and Robinhood Chain is super strong with their retail app, et cetera.
Meme coins and crazy pumps — this is the kind of stuff you want to see. This is something that Cardano has not seen even in their wettest dreams. They cannot imagine that this kind of numbers are possible — that you have everything going on, memes, builders, everyone is there. Because Vlad is good at business connections, getting integrations, getting everything in one. He has it in one month. Charles has had ten years and still no stablecoin, still no Chainlink. And then he explains, "Ah, but we're so decentralized." Okay.
One month. The launch numbers are absolutely insane. Let's see the numbers. Stablecoin supply: $618 million. How many is it on Cardano? How many? Total value secured: $1 billion. Revenue — rent paid to L1 — guys, I want to cry. I mean, listen, I just want to be upfront with you. Robinhood Chain is good, but when people say it's good for ETH, guys — what are you saying? It's a corporate chain that takes all users, takes all fees, and they pay $1,000 to the L1. $1,000 to the L1. They pay — and they themselves have how much in fees? $117,000. How is that good for ETH, man? How is that good for ETH? This kind of adoption is amazing. It's amazing. You can only dream about this. They've done such great work. But it's good for them. Okay. So guys, that's that.
Q&A — Monero Privacy Model
Is XMR truly private and confidential? Not 100%, but for all intents and purposes, yes. I'm saying not 100% because there are some traces they try to put together. But for all intents and purposes, no one can reliably do anything there to see what's happening. So the way the tech is now — maybe with quantum it's going to be different. Who knows?
Let me ask Bullmania AI: what is possible to deduce from the XMR chain given current tech?
According to Bullmania AI, Monero is the strongest default private major chain in production today. The reason they don't say Zcash is because with Zcash you can have confidential and non-confidential transactions. Monero is the default private major chain, but it's not absolute cryptographic invisibility — just like we said, it's not 100%. I don't think there's any solution that's fully 100%, and quantum computers are a real long-term threat.
Ring signatures — your real spend is mixed with decoy outputs. So it's probabilistic. An outside observer sees a set of possible spenders and cannot prove which one. Stealth addresses — every payment goes to a one-time address. RingCT — transaction amounts are encrypted. An observer sees a valid amount but not how much. Network layer extra — Dandelion++. That tries to stop peers from mapping your IP to a freshly broadcast transaction. It's probabilistic obfuscation, not mathematical. Exactly. So even today it's probabilistic, and with quantum it may be even more challenging. But it's the best there is.
Dandelion — is that how you say it? Dandelion. Let's remove all dandelions from our lawn. I remember when I bought my first house, I was obsessed with removing all of the dandelions. Then the next year I was like, "What the hell am I doing?" They're going to come back anyway. There are many of them. It's fine. I'm not going to remove dandelions. I don't have endless time to remove dandelions. Let them be. But I'm amazed how fast they grow. Holy crap. They grow so fast. Crazy, man. And apparently they're actually very healthy and edible. Superfood. Superfood.
But yeah — no, I went more hardcore. I was there pulling them out with the root. When I got my first house, I thought, "Okay, let me take the garden seriously." If you just cut them, number one, they're not dead. Number two, they're still there. Maybe next year they come back. So I was there pulling them out with the root, solving the problem at the root. But you know, next year I was like, "Oh yeah." That's when the lawn mower just did it.
Q&A — Predicting the Next Bull Run Narrative
Do you think the old bull run will start with a meme season? I don't know. We're going to see. This kind of question — we don't think like that. Is it going to be meme season or is it going to be something else? We're going to see what pumps and follow the trends. We don't need to know in advance, and that's very nice. I don't care if it's meme season or RWA or whatever. Maybe it's DeFi. Maybe it's again the on-chain season, the DeFi season of 2020. I don't care. You don't need to care. Why do you care? Just trade whatever pumps.
Now there is no alt season because Bitcoin is in a bear trend. So whether it is memecoins or whether it is — don't worry. We're going to see the bull trends. We're going to enter at a good price no matter what it is. Don't worry if it's memes or not memes. Why worry so much?
If you've been watching the channel, you know that we don't predict which ecosystem. We see which ecosystem in real time. We adapt, we deploy, we see how it's progressing in real time. Trying to predict is very bad. I guess you ask because you want to buy now and then hope it pumps. Here's what's going to happen practically if you think like this — it's a very bad strategy. You buy whatever you think. Okay, maybe you think it's memes. You buy memes. They go down a bit — maybe 10, 15%, maybe more. And now something else pumps. It was not memes. It was DeFi, because they decided to pump it. Market makers. It's not too organic here. There's going to be some ecosystem that pumps because there is a critical mass of building there and the market maker pumps, and then you're stuck there and you're like, "Oh no, DeFi pumps but no, memes should — " and now you cannot sell because you're stuck with it at a loss. It feels bad to sell and you hope that this thing comes back. You know, it's the pleb brain. I explain it in detail in the book — I was the same, man. You hold, you're stuck. You don't want to sell. And now this other thing is pumping.
See? Okay. Good luck. That's why I'm telling you it's a multi-year loss pleb situation. It's very common, actually. I've been there myself. But many people are still there. They're still in the same place. So that's why we don't predict. We don't predict.
Q&A — XRP and Cardano Updates via Bullmania AI
So according to Bullmania AI, XRP is parked at the $1 line going into CPI. CPI risk. They speak about price, some inflow into ETF. Bitwise bag. Ripple's Middle East and Africa leadership is pushing. They do a lot of stuff in Dubai. In terms of announcements, there have been a lot from Dubai. But how much they actually do — no one knows.
Flare — there's a bridge exploit. Holy crap, guys. A bridge on XRPL — hygiene validator warned users to exercise diligence. Token stock yield. Yeah, so not too much really, but okay, we're going to keep an eye.
Robinhood Chain, guys. Our favorite corporate chain. I love Robinhood Chain. Why? Because they say Degen's welcome. LFG, Vlad. I also love Vlad. Fantastic executor. Fantastic. So it's a month-old L2. Early baseline on the trench moment. That's true. That's why there are a lot of things happening — because it's early.
See, here's the problem with L2s, guys. Today, this L2 is early. Tomorrow, there's another L2 that's early. That's a problem because there's an infinite number of L2s. The L2 industrial complex is doing new L2s every day. So for now it is Robinhood Chain, and Robinhood Chain is super strong with their retail app, et cetera.
Meme coins and crazy pumps — this is the kind of stuff you want to see. This is something that Cardano has not seen even in their wettest dreams. They cannot imagine that this kind of numbers are possible — that you have everything going on, memes, builders, everyone is there. Because Vlad is good at business connections, getting integrations, getting everything in one. He has it in one month. Charles has had ten years and still no stablecoin, still no Chainlink. And then he explains, "Ah, but we're so decentralized." Okay.
Q&A — Polkadot vs. Cardano
Polkadot — where is Polkadot? Is something happening there? At least I'm actually more bullish on Cardano than Polkadot, because Cardano at least has Charles. And you know, with all of our critiquing of Cardano a bit, we still love Cardano. But at least they have Charles. He's there. He's emotional. He's fun to watch. He's angry that people ask him about ETH. He's in the news. He's in the media. So they have Charles, and I love Charles.
Polkadot — they don't have any Charles. They have a Gavin, but where is he? No one sees him. So it's a big difference. Big problem for Polkadot. Big difference. Big problem.
Q&A — Cardano's Decentralization Excuse
Cardano tech is so good you can't do anything with it. Cardano tech is very good. It's peer-reviewed. Unfortunately, no transactions. It's peer-reviewed, apparently, but no one is using it. Peer-reviewed papers. Why is no one using Cardano, guys? It's the truth.
ADA is one of the oldest projects. It came out right after ETH, around 2017 time, and the performance in terms of adoption — but also the actual tech — people have tried. I think devs gave it a real chance. You cannot say the devs did not give it a real chance. I think they gave it a real chance. It was just not good enough.
Cardano — maybe, maybe. But as long as Charles gives speeches about how they're amazing, maybe they're going to come back. But in terms of building — anyone trading there? No one. They don't even have a stablecoin, guys. Okay. There's no stablecoin. Why? Because they are very bad at making deals. And they say, "Oh, we have no stablecoin because we're super decentralized." So it's like an excuse — no one cares because we're so decentralized. We don't have Chainlink. There's no stablecoin. There's only like a fugazi decentralized stablecoin that doesn't work even with low liquidity. You try to put like $100,000 in, there's going to be slippage. So you understand their incompetence. They say, "Oh, but it's because we're decentralized. No one wants to do a stablecoin with us. No one is friends with us." But it's because they are corporations and we're decentralized. Okay.
ETH has stablecoins. Everyone does. Solana has a stablecoin. Even Sui has a native stablecoin. Tron has a stablecoin — even Justin Sun. But no, Cardano says, "We're above that. We're so decentralized. We have one user, which is Charles maybe himself." You understand? It's a problem. It's a big problem.
But at the same time, guys — should Cardano go into bull trend? Of course, we are bullish if it's in bull trend. Now it's in a very deep bear. Very deep. You have a level here at $0.25. If they can go above, fantastic. This tech stuff and the adoption stuff — don't worry about it too much. It's for PnL. If you look too much at adoption, you're hurting your PnL, guys. I mean, it is what it is. You've got to look at the chart.
Should the bull run start with meme season? I don't know. We're going to see. We don't predict. We see what pumps in real time and we adapt. We deploy. We see how it's progressing. Trying to predict is very bad.
So guys, on this note — accumulate. It's boring as hell. Accumulate, accumulate. Boredom is our friend. It is bottom formation process. We are exiting the bear. It's a long process. Sideways, maybe another flash, everything possible. But the exit of the bear is underway. Stay 360. Stay patient. And we'll see you in the next one.