**SPEAKER_1** (0:00)
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**Scott Melker** (0:30)
This Bitcoin cycle will be massive, but the opportunity in alt coins could be even bigger. Today, I sat down with Ran Neuner for an unfiltered conversation about where the market is headed.
**Ran Neuner** (0:40)
I think the bull is back. I think this is a repeat of 2023, which started the bull market. I have to be bullish. More bullish than I've ever been.
**Scott Melker** (0:47)
Why he believes alt coins could be approaching a massive opportunity.
**Ran Neuner** (0:50)
For the first time in nine years, the ETH BTC chart is actually breaking out. I think that's telling your story. For nine years, the application of money on the blockchain was the only money that we had and nothing else worked. However, now we're actually getting things that work. We're getting real world assets on chain. We've got bonds on chain, commodities on chain, stocks on chain. I've seen some applications bring currencies on chain. We've got stable coins on chain, which is a massive, massive, massive thing.
**Scott Melker** (1:12)
And what investors may be getting wrong?
**Ran Neuner** (1:15)
What worries me is that when this run continues, the boomers are going to come back and they're going to start investing. And the problem is where are they going to go? They're going to go to Cardano, they're going to go to Hashgraph, they're going to go to IOTA because that's what they remember from the last cycle, right? I'm so worried for that part of the fund because they're literally walking in to get slaughtered.
**Scott Melker** (1:31)
Ran never holds back and whether you agree with him or not, he'll challenge the way you see this market. Watch until the end, subscribe if you haven't already, and let us know in the comments. Are you bullish on altcoins or is Bitcoin still the only trade? Let's go.
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**Mario Nawfal** (2:38)
You and I may have been our best-owned bottom signal recently, because we got on WhatsApp and started chatting about how horrible everything was and how bored we were. Isn't that usually when you can tell that the bottom is getting there, when guys like us who are passionate about this start to get bored out of our minds?
**Ran Neuner** (2:54)
Look, I'll be honest with you, this was one of the most testing periods that I've had, not because I lack conviction in the industry. In fact, my conviction in the industry has never ever been higher. But in our industry, we're reliant on people viewing content, and people aren't going to view content when you have a chart that looks like the one on my screen, which is basically giving you 77 days of Bitcoin trading at $64,000. 78 days of Bitcoin trading at $64,000.
When that happens, ultimately, I can try and make it exciting that Bitcoin is trading in a range between $60 and $64 every single day for 77 days, but it's not exciting. The one thing that was happening in the background here though, is this. If you look at the Bollinger bandwidth, and for those people who are watching and don't know what the Bollinger bandwidth, basically shows how much volatility there is on the asset. What you could see is when there's no volatility in the asset, the Bollinger bands compress. What the Bollinger bands did was they compressed to a point that, actually, we haven't been at for a long, long, long time. I want to say exactly how long because I may be wrong, but for a long time. Now, what you know when the Bollinger bands compress is that there's a move that's about to happen. It can be a move up or it can be a move down, but ultimately, you know that there's a move that's about to happen. When I saw that, I tweeted that and I said, I think this market is about to trick us. Everyone's expecting one more lay down and the bottom in October. I think it will either last much longer and early into mid next year, or it will spike very soon out of nowhere. The reason why I said spike very soon out of nowhere is because the Bollinger bands were tight, it got too boring for too long, and there was going to be a move that was on August 18th. You can see that the move came a couple of days later. I think the first move came on August 19th.
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