Global Tensions Rise. BTC Refuses to Drop. #CryptoTownHall

**Scott Melker** (0:00)
Good morning, everybody, welcome to Crypto Town Hall. Every other weekday here on X to 10, 15 a.m. Eastern Standard Time. And man, what can we possibly talk about? The world is so calm, Dave, you know? Hard to find anything.

**Dave** (0:13)
Yeah, you know, the fact that the markets are doing nothing and we still have a, quote, deadline before massive escalation tomorrow. I mean, as I said this morning, Scott, nobody believes anything anymore. At this point, I think people are dumb to this stuff.
You know, it's the only word I can use. It's like markets are like, yeah, yeah, yeah, whatever. You know, someone used the analogy of the boy who cried wolf. And I think that's accurate. I think that people just hear these, see these truth social tweets and they're like, here we go again. And it really is a crazy time to be alive. That's all I can say.

**Scott Melker** (0:59)
Totally agree. I mean, you know, Bitcoin definitely behaving a little honey badgerish right now, but I guess nothing has really dumped on this over the weekend news. I find it really interesting that, you know, S&P is up.

**Dave** (1:11)
69 is honey badgerish. And whether we're at the time like we are now, or we are at 65, 66, you know, whatever, we haven't moved out of this three or $4,000 range during this entire, the entire time. I mean, this is really, really, really much more about Bitcoin idiosyncratic stuff and the accelerating, quote, debate over quantum and quantum readiness. And it is, as far as Bitcoin is concerned, than the macro. The macro, I think people know that there's going to be a wall of money printed one way or another. And Bitcoin is an escape valve here, if you believe it. And if you don't or you think it's going to fail, well, then you're selling. And I think it really is like that. I almost can't look at it any other way at this point. I mean, we say this every day or every other day. But look what you're seeing, it doesn't take much. One buyer probably came in over the weekend and bought and kept buying. And today you probably have some SDRC buying because we always get that on Monday. And there's no one to sell it. So Bitcoin is outperforming. Is it out of its range? No, it's still in the same range that it's been in. You can't be blase when Bitcoin is trading at 66 and excited when it's trading at 69 and think that there's a difference between the two in the long run.
Oh, come on.

**Scott Melker** (2:31)
Somebody has to agree with that. Let's get the panel involved.

**Dave** (2:35)
Yeah. So I'm trying to provoke people.

**Scott Melker** (2:38)
Bitcoin is going to $1,000. Discuss. Thank you, Jamie.

**Jamie** (2:44)
Hey, guys. How are you doing? Yeah. So I mean, you know, our space is obviously kind of bleeds over all these others because of our long format. So we're just there. So we get to kind of see people from all over other spaces and kind of things that they discuss. I mean, the sentiment that we got, that we spent a lot of time in this weekend, obviously, you know, the Trump tweets and I think Trump supporters still feeling very confident that he has a plan or things are going to work itself out that, you know, although it seems like maybe madness or, you know, not really measured responses that somehow this is a way of negotiating. The other side of it is, you know, obviously, equally divided that, you know, there is no plan to this and that this is going to continue to cause chaos. And so, you know, we spent a lot of time talking about those two ideas, less about, you know, prices, maybe a little bit about near term opportunities versus long term risk and kind of just talking to people about considering the longer time frame in their financial considerations, but some really good discussions between even Iranian Americans. Some people came on and were equally passionate about, you know, belief in Trump and the opportunity for their people and equally disappointed about the possibilities about it. So, you know, it's definitely something that I think is continuing to create uncertainty with these tweets. And, you know, the deadlines, we obviously have the 48-hour one, the five-day extension one, here's the newest one, kind of reminiscent of the tariffs and how they were treated. So we're looking at seeing what's going to happen and kind of tying it into the macro. We have some things coming up with, obviously, the new Fed chair and how that will play into rates and printing and also kind of equating it back to how bad this may be within the supply chain, that this could cause some type of a COVID-style large print. So that's kind of the sentiment to kind of gauge what's going across from at least within the people who visit our community.