Why Bitcoin's Next 10 Weeks Decide The Cycle!

**Scott Melker** (0:00)
The Clarity Act has 10 weeks left to get passed before recess goes into August, and we likely don't see any clarity until 2030 So this next 10 weeks could really determine what Bitcoin looks like, and certainly what altcoins look like for the rest of this cycle. We're going to talk about that and much more with James Butterfill and Andrew Tillman. Not here today. Don't cry. I'll be back next week. Let's go.
Good morning, everybody. Welcome to the show. Please do the subscribing or liking thing that I've forgotten for the last seven months to ask you to do. But you can't blame me because I'm here on vacation.
I don't know where I am, but it's a nice background. I'm gonna go ahead and bring on Andrew and James right now. Good morning, gentlemen. How are you today?

**James Butterfill** (1:07)
Morning. Good, thank you.

**Andrew Tillman** (1:09)
Good, good, good here. And it's fun to be in this industry. Never a dull moment, as they say. Never, ever a dull moment.

**Scott Melker** (1:17)
You know, the meme coin gala, man. I didn't want to talk about it, but like the minute it feels like we might be serious, our own stupidity just kicks right in. I mean, Trump, Trump's, he's not helping us right now.

**Andrew Tillman** (1:31)
Well, you would think that, you know, the meme coin movement ended, you know, the better part of 18 months ago. It's as if that crowd forgot that that was the case. So, yeah, not a great look, but it is what it is. It's not a meme coin gala. It's a politics gala, and there is no end to politics, and there is no end to money being raised on behalf of politics. So that's how the meme coin gala should be seen, a fundraising event.
It is what it is.

**Scott Melker** (2:09)
Yeah.

**Andrew Tillman** (2:10)
Listen, the Bitcoin conference is going on right now in Vegas, and half the, not half, but several of the speakers are effectively feds. I mean, so, that's a tough look, right? That's a difficult look.

**Scott Melker** (2:27)
Have a video, but we're gonna get into the real show, but I happened to have seen this video. My wife sent it to me yesterday.
This, I think, confirms a lot of what we've anecdotally discussed about where the market's at, but also the Bitcoin conference itself. Andrew, you and I participated heavily last year. We both decided not to go this year, right? For various reasons. This is Cash Patel and Todd Blanch, the FBI director and the deputy attorney general who should have been like rockstar treatment on stage.

**James Butterfill** (2:57)
Reflects that you're not just law enforcement.

**Scott Melker** (3:01)
There's like 12 people in that room.

**Andrew Tillman** (3:03)
Yeah.

**Scott Melker** (3:04)
Maybe 100 But if you want to see the state of affairs, is to your point, like I just happened to have that video, it's like the feds are on stage talking about Bitcoin and nobody's watching.

**Andrew Tillman** (3:15)
Well, I mean, it would have been better given that both of those guys maybe have something a little bit better to do given the assassination attempt on Trump just 48 hours ago. Yes, they didn't physically attend the conference, so they adjusted that, but they still gave their talk. That's kind of a bad look, I guess. Last year, I remember because we were, ArchPublic were really, really big sponsors financially, so we were able to go just about anywhere we wanted to. And I remember several spots that I wandered into where I was, physically stopped by Secret Service.
And so again, going down a path with just that particular event, that I've just gotten a little bit philosophically uncomfortable with, and that's okay. There are all sorts of events in our industry that we can choose to or choose not to be involved in, and just chose this year not to be involved in that one.

**Scott Melker** (4:18)
Buddy, we're going to go on to the actual show now, but I saw reports that the people were holding signs that said free the samurai wallet, code is whatever because they had cash in touch and those people got kicked out of the Bitcoin conference for defending free speech and code. So it just shows you where we're at.
All right, James, sorry, we made you uncomfortable there by just talking about a conference you didn't go to last year. But the lead story here to me is obviously our Clarity Act progress. I think we'll get that deeply into flows and what's happening in the market. But this is really the story at the moment because this is the first time someone said, an alumnus said, we have 10 weeks. And if we don't get this done in 10 weeks, everybody recesses till August. From August to November, they care about fundraising and getting re-elected. And after that, God knows, see in 2030 I mean, that's basically what you said here. And you have, at the meantime, you have 100 crypto firms urging the Senate to move on US market structure. I'm going to continue going on record and saying not happening. But James, I mean, how are you looking at this at the moment?