Ethereum's about to Shock Crypto (Robinhood Catalyst)

**Ran** (0:01)
All right, I'm back from vacation, guys. I'm back from vacation, and believe it or not, I'm back to a green market. Here we go. So I'm back to an absolute green market. I must say, it was a great vacation. One of the reasons why it was such a good vacation is because when I left, Bitcoin was at about 65,000. As you can see, nothing happened while I was away. Zero happened while I was away. As I got back, here we are, and we're having a little bit of a breakout. We actually are on Bitcoin now at 66,410. Why don't we have the prices in the corner of the screen because in that way...

**SPEAKER_2** (0:32)
You haven't started your sequence yet.

**Ran** (0:35)
I haven't started my sequence yet. You know you need to start seeing it. Okay. All right. So that's not the big story. The big story is actually ETH. Look at ETH. ETH has actually broken out, not only on, if you look at this chart over here, ETH actually broke out on a long-term... This is a one-week time frame, and you can see that we've had a breakout here, and that breakout was since October. If you look at the whole October 10th collapse and whatever else, that breakout actually is a breakout from before that. So the real story, even though Bitcoin is showing some strength, the real story is actually ETH. And I'm gonna show you another chart which shows just how strong this ETH breakout actually is. This is the ETH BTC chart from 2017 Now 2017, you could say, was the peak for ETH against Bitcoin, right? And you can see that since then, ETH has been on a downtrend against Bitcoin. And what you can see now is that we are breaking out or we're just about to break out of a long term downtrend. So I think what we need to do is, we need to look at why ETH is breaking out. One of the reasons could be the whole Robinhood chain and all the stuff that's happening on the Robinhood chain. And we'll go, we'll dig deep into the Robinhood chain. And yeah, so we'll look at the ETH breakout. Also, we'll look at whether this whole thing can actually last because if I mean, it could be that Ben Caron was right again, and I know no one wants to talk about this. But if Ben Caron was right again, he says, Bitcoin is still moving between the 200-week moving average and the bear market resistance ban, expecting July to carry on strong. But in Ben Caron's thesis, Bitcoin actually goes back down, and actually goes back down to, I think, in the 40s or the 50s. So I'm back, we're going to cover all of those things. Can the strength continue? Let's talk about the strength in ETH. Is it all Robinhood? Is it something else? Is it going to continue? Is this Robinhood thing a whole fad? Guys, I'm back. The main thing is I'm back, and I'm just excited to be here. We'll talk about it in a second because I think that's super important. Let's get the show on the road.
All right, wakey, wakey, rise and shine. The bubbles are green again. The bubbles are green. We're back to a green... How does... Why doesn't this music thing actually give us that sound effect?
There we go. Now we're back. Now we're back. Now we can say that we're actually back. All right, we're back. We're back to green. We're back to green. We're back from vacation. Guys, it was a long vacation. I usually don't take vacations, but you know what I realized about vacations? I was in Greece. I was with my family in Greece. You can see the whole family was there. We were in Corfu. We had an incredible, incredible time. If you're Greeks, you guys are sitting on an amazing, amazing, amazing country. I must say, what the food, the people, the beaches. Absolutely amazing. But you know, everybody thinks that when you go on vacation, it's like, it's not a good time to work. The truth is, though, that because we, when we at the office, I mean, we do shows every day and we're grinding every day, we don't actually get time to think. And when you're on vacation, you actually get time to think. So I've come to realize that the most important work time is actually your vacation time. And I had two weeks to reflect, to think about content, to think about investment strategies, to think about why the market's running without having to chase the pump every single day, to think about AI and how AI is gonna, is gonna make a whole big difference in our lives. I'm gonna cover all of that today. Tomorrow, I'm back now. We're together every single day. We've got a lot to look forward to. In the meantime, one of the things that I'm pretty grateful for is the fact that while I was away, nothing really happened in the markets. Like, you look at Bitcoin, nothing really happened here in the markets. Literally, it was chop, chop, chop, chop, chop, sideways. And when you're on vacation, you don't wanna be in this FOMO mode, always looking at your phone, always looking at your phone. You don't want that. And I had that because I had peace and quiet because there was really nothing to look at. Nothing was moving. And as soon as I got back, as you can see, the minute that I got back, that's probably the minute that I got off the plane, now we're starting to get a little bit of a Bitcoin pump. But while I was away, it was that sideways chop, that sideways chop that can actually kill a lot of people. One of the things that I noticed while I was away is how many of the old Bitcoin people have actually stopped believing in Bitcoin. And it was one of the things that I really wanted to, was actually, I was questioning myself, like why are people still here? Are people actually still here because Bitcoin actually has a thesis? Or are people here because they are married to Bitcoin and because when you have so much of something, you have to hope that it goes up and you have to believe the word believe, which is a very dangerous word in investing. You have to believe that it's going to go up. And the one thing that I noticed on my timeline is just how much people have, or how much Bitcoin has fallen out of favor. Even the biggest OGs have now kind of like expressed the fact that they've lost their connection with Bitcoin, or they've lost their understanding. This is JPThor. Now JPThor is the creator of ThorChain. One of the biggest Bitcoin believers ever. I mean, this is a guy who built a protocol that allows you to swap, to trade cross-chain. This is a protocol that's actually built around Bitcoin. He says, I'm sorry, I don't think people will use money in the future. It's going to be tokens, and there'll be an infinite supply of tokens. For the first time in 15 years, I've become a Bitcoin bear. That's JPThor. Then you've got Chamath. And he says, there are two problems for crypto right now, specifically Bitcoin bulls. Marginal liquidity would rather speculate in prediction markets and equity markets, because markets are moving. The marginal energy to mine BTC is worth 10 to 20 times if reallocated to serving AI tokens. We've spoken about this countless times. These changes feel structural, but I could be wrong.