The Best Crypto Bet Is No Longer Bitcoin w/ Jamie Coutts

**Jamie Coutts** (0:00)
The next sort of 12 months is if you're, I think if you're smart enough, you're going to accumulate in this market and buy the top quality assets that are positioned for the agentic future that we're moving into.

**LGD Set** (0:12)
What's up, everybody? It's LGD Set here, and welcome to The Milk Road Show, the Daily Crypto Show. They can't afford the nice sunscreen this summer, so it's just going to have to stay inside and pray for a pump. Today is June 2nd, 2026 We're recording on June 1st. All of us crypto people have the same question right now. Is it time to accumulate or is this the final dip? And is it better to just finally bite the bullet and jump over to the hotter assets in the current narrative like privacy and stablecoins? Today, we'll sit down with Jamie Coutts, Chief Crypto Analyst at Real Vision, to see what the on-chain metrics are really saying as we head into an uncertain summer. Today's episode is brought to you by Cape, the privacy-first mobile carrier, Nexo, earn interest, borrow and trade crypto, and Kalshi, where your takes finally pay out. Jamie, welcome back to the show, man. Good to see you.

**Jamie Coutts** (0:56)
Nice to see you again, LG.

**LGD Set** (0:57)
Okay, let's dive right into it, because you always give us a lot of great insight. You're one of our more popular guests. The last time you were on, February 12th, just a week removed from a dip that seemed unimaginable, and definitely wiped a lot of people out that were leveraged, and seemed like a lot of despair.
What has changed in the vibe since then? We're actually not that far off in price. We've gone up and down since then. We've chopped a lot, but we're almost right back into that mid-60s range, Jamie.

**Jamie Coutts** (1:26)
So what's happened since then? I think we're still in a bear market. The way I describe a bear market is very simple and clear. We've got a trend regime indicator at Real Vision, which all the members have access to. I look at the weekly chart as really the go-to chart for understanding major trends in crypto. And we've been in a downtrend really since January. So we spoke, as you mentioned, just after February 6th, I think it was February 7th, or February 6th where I am, major capitulation low. And the research that I wrote at that time talked about all the capitulation markers that flashed in that major selloff in early February.
My dashboards, which I've been using for a couple of cycles, which helped me sort of understand the Q4 low in 2022, a lot of them triggered, the on-chain measures triggered, the derivatives market metrics that I used, they all triggered. Now, the interesting was a totally different liquidity environment, so we can talk about that in a minute. But a lot of the capitulation measures, on-chain and derivatives were flashing. But in my understanding of the way the cycles play out, when you have a major derivatives flush like that, there's usually a second leg lower. There is some still symmetry left in crypto markets, even though I think the whole four-year cycle thing is evolving.
What I was writing and have been writing at that time is that you've got to look to the weekly chart to get a confirmation that we're out of this current bear market. We had a nice move up, a counter-trend rally of like 25-30 percent. These are normal in a normal bear market. What it needed to do was break through 85,000 or the mid-80,000 on the metrics I'm looking at to confirm that trend reversal. It hasn't done it. So we're still in this sort of, you know, this lull in crypto as everything else rips.

**LGD Set** (3:32)
Guys, listen, we are at a very crucial point in time right now. AI stocks have ripped. They're going to keep ripping. Our analysts on the AI side are up like literally 100 percent or more on quite a few calls. And crypto is about to boom again. At least it feels that way if you want all the insight on what we're buying, what our analysts are doing, what's on their watch list. All of that is in Milk Road Pro. So join at the link below. Is that a challenge for you? I feel like it is a common theme and I don't want to stick to it too much because I do want to get into a lot of the technical stuff. But is that is that invoke a particular like disdain in a way for you to see just a totally different sector just go absolutely bonkers in a very crypto way? Right. Like a lot of the bottleneck stocks, AI stuff has they've looked like crypto charts to start this year.