# Robinhood Chain and Uniswap: The New Finance Stack

**Podcast:** The Milk Road Show
**Published:** 2026-09-04

## Transcript

You could look at this and say they've only made a few million dollars.
You could also look at this and say that the next century of finance is getting figured out in real time.
What's up, everybody?
It's Alji Doucette here, and welcome to The Milk Road Show, the daily crypto show that is absolutely, without a shred of a doubt, in Ben McKenzie's mind, back like you would not believe.
Today is September 4th, 2026, recording on the afternoon of the 3rd, right after the market had a nice little pop.
I'm back to host a very special Friday edition of the show as we turn the camera back onto your favorite podcast host and ask him...
Why did he make his first crypto purchase in over two months?
And when will his shopping rampage on alt's end?
I'm not kidding.
John was holding 30% cash for months in his Milk Road Pro portfolio after buying all those big red days on Bitcoin and ETH.
But last week, he finally bought Uniswap and he's already up 30% on it.
And this week, he finally got the bull market signal he's been waiting for and has decided to unload even more into alts, which you'll need to unlock Milkroad Pro to check out for just a dollar at the link below.
But we're giving you the freebie telling you about Uniswap.
Enjoy this episode.
Enjoy this market.
And also check out our stocks episode today over on the other channel where Vincent shares his thesis on Coinbase, Robinhood, and how the agentic finance wave is coming very quickly, but has yet to really hit.
John, welcome back.
I haven't talked to you in a long time on a podcast, but I've talked to you a lot, both in person and digitally in the last week or two.
And my, my.
what a difference a week or two can make man like i don't we actually i don't have we done a show since everything went off we did one we did one last week uh the last week of august i think to discuss uh bitcoin going off but since then things have significantly improved yet again um so welcome back to your own show well i'm happy to be on my own show lg i'm happy to have you back too these are exciting times and uh yeah there's a lot going on in the markets right now yeah absolutely we got to send people into their labor day weekend Feeling good.
And I think the crypto market is doing that.
John, we're recording this in kind of the afternoon on September 3rd.
And this morning, we woke up to some big, big green candles.
Bitcoin kind of breaking out of its kind of chop range there for a bit.
What's going on?
Like, why are we suddenly surging again?
Because I was right and everyone was wrong and we're going to Valhalla and no one can stop me.
And yeah, no, I'm just okay.
So I think there's been a number of things that have led up to this.
The first thing that happened was, I mean, if you want to go all the way back to the initial short squeeze, Trump said hyperliquid in the White House.
Scott Besson announced buybacks of treasury bonds.
The market reacted very positively to this.
A lot of shorts got wrecked and liquidated.
A similar thing seems to have happened today.
Scott Besson announced that his buybacks are not just going to be $2 billion to $4 billion.
It looks like they're expected to on, I believe, September 9th begin treasury buybacks of $12 billion of long-dated bonds and reissue short-dated bonds.
So this is shortening the duration of the outstanding U.S.
government debt, which effectively adds liquidity and is a strong sign of an indication from the treasury department that they're willing to weaken the dollar.
in order to be supportive to the markets, support the bond markets, and sort of just in general give liquidity to the markets where it's needed.
I think that's one of the things that's kind of kicked this off.
The other thing that's happened is this huge amount of demand and activity that we're seeing in the Robinhood chain ecosystem.
They have the PONS launchpad.
They have tokenized stocks.
They have them reinforcing each other.
They are putting up incredible amounts of numbers of volume, of revenue, of fees, of users.
The adoption has been wild.
And so you're seeing this sort of cascade throughout the market, drawing attention, bringing back the hot ball of money that was in AI, which has been stagnating.
coming rushing back into crypto trenches on Robinhood chain.
The Solana trenches are moving over from Solana and coming into this ecosystem as well.
So there's just a lot of capital that's gotten excited, gotten re-engaged, re-energized.
And so you're seeing all of this sort of compound into this very strong bullish thesis.
A lot of people were expecting Bitcoin to do that BART.
pattern back down to where we started this short squeeze that hasn't played out and today we're i mean right now we're sitting above 81 000 on bitcoin and climbing as we record this we're above 2500 on ethereum so look all this could change but it seems like again we've gotten a a macro catalyst that seems like a positive indication there and you know fed fed rate hikes Could still happen, but seem less likely.
I still think that they're going to hold rates where they are.
The Clarity Act could pass Congress in two weeks here.
Robinhood chain has brought the life back to crypto.
And all of this kind of sets up for a really strong, bullish thesis.
This may fade, it may not hold, but the market is responding really positively to this today.
And we've seen like a 5% rally, over 5% rally in Bitcoin so far.
We'll see how far all this goes.
Why does Robinhood stand out to you?
Because I mean, obviously as somebody who loves like more DGEN stuff, like it.
it's been an exciting couple of weeks, but simultaneously like their, their volume and their revenue from the last month or two on this chain is minimal.
You know what I mean?
Like their fees on the, on their entire chain yesterday were like three, 4 million bucks, which is good for them.
It's going to grow, but that's not like, that's, that's not that much.
You know what I mean?
That's still less than, than a tether or circle or making in revenue.
Right.
So it's just something where it's like, is that, and especially for a hundred billion dollar company.
having a new line of business making $4 million a day.
I mean, it seems significant, but does that ignite the whole industry?
You know what I mean?
I think that's like a very myopic view of it.
It's not just about the fees that they're generating or the revenue they've made this week, but it is a signal of the future of capital markets, the future of tokenization, of equities markets, of crypto markets, of how these things are coming together, of the real and strong user demand for these things.
And it's a proof of concept.
It shows that this works.
It shows that this business model works.
It also compels a lot of their competitors to step up their game because Coinbase and their base chain are having to respond to this in real time and in a very aggressive way.
Competitors are going to have to do some of the things.
OKEx, I interviewed the general manager of OKEx on the channel, and he talked about how they're really pursuing tokenization, how they're trying to be regulatory compliant, maximize their distribution, plan for artificial intelligent users to come onto their platform as well.
So all this is accelerating, and it's not so much just about this week or what numbers they put up or how much fees they made from this.
It's about the future of finance and where this is going.
And that is the big takeaway from all of this.
And it's important to not lose that just for the fact that it's a few mean.
coins right now.
The other thing too is that the mimetic activity is forcing the market makers to mint more tokenized stocks of some of the largest market cap assets on the planet.
And so now this meme coin activity isn't just limited to, you know, trading pairs like Solana, Ethereum, or USDT.
Now the trading pair is NVIDIA and Tesla and Alphabet and Meta.
So now this is going to become a major way to drive mimetic investing and meme coin activity.
And the value of that that's created in that ecosystem and that sort of like on-chain casino, driving value back into the real economy and real markets and expanding the opportunity set there and the product offerings there, the services there.
And then once agentic finance and AI agents start to become more mainstream adopted tool for human-assisted trading, but also agentic unsupervised trading.
So that continues to accelerate and expand.
And so this just continues to grow from here.
So I think you could look at this and say they've only made a few million dollars.
You could also look at this and say that the next century of finance is getting figured out in real time.
And it's a really exciting time to be paying attention and just looking at what happens, who launches what, because there's just so much happening right now.
There's so much signal and noise here.
So don't miss this, just saying there's only a few million dollars of fees that they're making.
There's a lot more changes and impact that they're making than just that.
Hi, everyone.
This is John.
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I'll see you there.
Can you, I want to move on to Uniswap and some of the other stuff that we'll have teased in the intro, but maybe you can explain what those tokenized pairs actually are.
Because I think that that's something I've realized, like I immediately understood when I was playing with this stuff, but I realized that it's not something a lot of people necessarily understand about how some of these meme coins are actually related to their RWA counterparts.
So I think a good place to start for this – for anybody to start with this is with Hayden Adams.
Hayden Adams is the founder of Uniswap.
And I think he – on Twitter it says, invented the Uniswap protocol.
And he's the founder of the project.
But if you look under articles, he wrote his first blog post since 2019.
And this is significant, I think, because this guy has been a major player, a major founder, and one of the most important figures in decentralized finance for many, many years.
And after a period now of, I think, almost seven years of silence, he wrote his own blog post on something.
But what he talked about was the title of it is Correlated Pairs.
How AAMs, AMMs, sorry.
Automated market makers win the biggest market.
Yeah, here it is.
You got it up, right?
So this is what he's talking about here.
So what you ask, like, what are they trading against?
The answer is everything.
Everything is going to be traded against everything.
And you're going to be able to tokenize everything.
So you're going to be able to trade.
Like if I have a Rembrandt painting and I want to swap directly into PepeCoin or into NVIDIA, I'm going to be able to do that through an automated market maker that automatically sources that liquidity, settles those trades, and does it in a secure, scalable, decentralized, and efficient manner.
So you read that essay is what I would say for that, because the understanding of what this unlocks is really important.
Jordy Visser included the interview I did with Tom Lee in his weekend video this weekend because this idea really got Jordy's attention.
But what Hayden is getting at here is that you're going to be able to have unlimited liquidity, infinite numbers of trading pairs and between things that before.
you know, what had weeks of delay and lots of slippage and just difficulty of liquidity and finding a market and finding a buyer.
All that is going to now be created on chain once all these assets are tokenized and brought on chain.
And then once you introduce AI and you have a Gentic Finance trading all these things as well, the velocity, the speed, the amount of capital, all these things accelerate and grow rapidly.
So it's really hard to overstate how big of an intersection is happening between tokenization.
crypto digital assets and agentic finance and that not only the different kinds of products and services that are unlocked but the new kinds of markets that never could have existed before are going to be created and all this is going to be settling down through things like uniswap and ultimately ethereum so okay that that's a helpful explainer i think i think what i also wanted to kind of help people understand too is like how the actual pair works you know so for example no but no no no don't say oh what you said was way more intelligent and way more interesting um but i think people i think just saying that some people might not like i just say that you know they've traded eth and tokens on eth and they realize they maybe they understand that those tokens are paired with eth or with usdc but that in this situation what what the dgens have created are tokens where instead of let's say let's say maybe i can explain from my perspective when there were meme coins on solana every one of those tokens was paired with solana right so the liquidity pool that you could contribute to as a as a you know decentralized enjoyer uh you could contribute some of the So you would contribute to the liquidity pool and get some of the fees and you contribute some Solana and some Fartcoin, for example, right?
So you contribute both of those tokens and they would, the Fartcoin would trade against Solana and back and forth.
And if Solana crashed 50%, so did Fartcoin.
What these are, are that people are creating a token that's paired with a stock, with a tokenized stock.
So for example, one of them is called Artificial Inu, which is like Shiba Inu, the dog, beloved meme coin dog.
And that one is called AI.
And I'm not, not showing it but what i'm saying is that that trades against nvidia so it's trading pair is nvidia so if you want to go be a liquidity provider you are providing tokenized nvidia and also this token right so that's very different a different primitive than we've seen before john what i wanted to ask you though is that the you know we've talked about rwas for a long time on our show and this has been especially through this bear market has been one of the main institutional bull cases and we have um things like figure where you're like you're you're making you're bringing you know housing mortgages and stuff like that on chain um obviously all stable coins are in a sense rwas did you expect this though when we talked about tokenized stocks anytime anybody would talk about was did you think that one of the main the could you ever imagine one of the first velocity moments for this would be kind of like you know naughty meme coins well i think it's hard to speculate on this but it does seem like vlad tenov figured this out like i don't think this is an accident i think this guy actually figured this out i think he realized that he had a huge amount of um meme stonk enjoyers and realized that if he could bring meme coins and tokenize assets to one place he could weaponize the uh let's say, enthusiasm of the meme coin trading crowd against trading pairs that are matched up with Wall Street assets.
And he could do something really powerful and novel that had never been done before.
We wrote about another example of this, of him's equity being paired with a meme coin called Boner Coin.
We wrote about this in the Millcro newsletter.
Yeah, well, I mean, we laid this out because it's hilarious, but it's also important.
And that's the thing I think is so important about all this stuff, right?
Like when Trump launched his Trump coin, Everybody had a take on this one way or the other.
And I'm not like there was a lot of it's a lot of a lot of takes to have.
But the thing I kept saying was that the thing you're missing is that this was 70 billion dollars of capital formation that a guy did while he was at dinner.
Right.
Without talking to anybody doing it's like the amount of changes that are coming to capital markets overall because of this are really just just beyond beyond anything we've ever seen before.
I think Robin Hood CEO Vlad Tenev figured this out, brought this to market and.
I think it was a long shot if it was going to work or not, but it seems to have worked so far.
Now, again, how long this lasts, I don't know.
None of this is financial advice.
I'm not recommending anybody go out and buy artificial Inu or Boner coin by any means.
However, the proof of concept is what's not to miss here, right?
Is that you can have trading pairs of almost any asset to any other asset.
And if it finds product market fit, in this case, it's finding it because it's funny.
But if it finds product market fit because there's a huge market demand for that, or there's a huge choke point that can't get liquidity or capital can't flow in any other way, there's a huge value add that comes to the market in that.
And that's just beginning.
We're just now at the early stages of figuring out how these things work and what that can look like.
Absolutely.
So I think that that's a good jumping off point to because I think people are going to listen to this and maybe you've heard about this stuff or not.
There's there's there's it's it's it's pretty one dimensional.
It's basically exactly what we've explained, but it is it is a lot of fun.
And I was explaining to you, John, that this is also this is the kind of stuff you see at the start of both cycles is you see new ideas, new primitives and a lot of liquidity flushing into it.
And I think it's also really exciting because, like you said, Vlad Tenev, one of the most important people in the space with one of the most promising, you know, finance.
systems, companies of really in the world or whatever in the financial system kind of behind this and wanting this to succeed, right?
So it's very important.
But this is a good jumping off point into what I wanted to talk to you about today, which is Uniswap.
And you've already kind of brought it up.
But and I think a lot of people are going to be listening to this and be like, okay, well, how do I capitalize on this?
Do I just buy Robinhood?
Do I go and buy, you know, a boner token?
There's, you know, or do I buy to some of the other, you know, do I try and buy the pump fun of Robinhood, which is pawns?
Like, where am I going with my money?
I don't think I wouldn't recommend most people to go into the trenches to try and trade this stuff.
But a lot of roads point back to Uniswap because they're definitely the ones routing a lot of these trades.
Okay, I'm going to take this from a lot of different directions.
First of all, I think it's hilarious that there's a boner token.
This is great.
I love crypto so much.
You brought it up.
I tried to keep it clean by just talking about the Enya one, okay?
I didn't try it.
You went there.
You went there.
There's nothing dirty about on-chain finance.
Okay, let's stay on target here.
It's just another FAR coin.
FAR is another FAR coin.
These things always happen.
It always has to have some kind of leader like that.
Yeah, it's the joke of the month.
Okay, so I have a good friend who I really like a lot.
His name is Kelly Kellum.
He and I used to work together on the Discover Crypto YouTube channel, but he says that trying to trade meme coins is like trying to catch a single pellet that comes out of a birdshot from a shotgun.
And he says everything is moving too fast.
You can't see any of it.
And it's almost impossible to actually plan that and do it.
It's not a thing you can reliably do as an investor.
So if you want to have some fun with some of these things that are actually being launched on these launch pads, that's...
Choose your own adventure, but I don't recommend that.
It's not really an easy way to deploy your capital with any kind of reasonable expectation for a return.
So one level down from that is the launch pads themselves, which our friend of the channel, Michael Nadal, calls fast DeFi.
Things like pump fun or ponds.
And these things can be good investments.
But I think that the thing I would say there is it's a little bit like buying a stake in the crypto casino, but there's not really a ton of a moat.
There's not really like anything you're betting there on there other than like the frenzy keeps going, the momentum.
keeps going it's not that it's a bad trade necessarily but it is um highly volatile and speculative and you know it's it's really driven by um sentiment and momentum and just like the frenzy that's created as opposed to like necessarily a stable business necessarily um although michael is a much better resource on that than me so but fast defy is another way to play this slow defy or Regular DeFi is, I think, a much more attractive layer because it's also a call option on things beyond just the meme coin casino.
It's a call option on the rest of the infrastructure that is served, and it has a much deeper amount of distribution, much bigger markets, much more transparent, much more liquidity, a lot of different things, right?
Bigger market cap, bigger pools of liquidity, more trust, more network effects.
So things like Uniswap, I had Alex Cutler, who's the founder of or the CEO of Dromos Labs.
From Aerodrome, which is a big player with tokenized stocks with Coinbase right now, and they're growing and expanding rapidly.
So players like those, I think, are a more interesting place to look because a lot of this volume is going through there right now.
Like when a token, a meme token, like Boner Coin or whatever, launches on pawns on Robinhood chain, once they reach a certain level of capital to get through their bonding curve, they do go into a locked.
pool on Uniswap v4.
And that is driving a huge amount of demand for swaps and for volume on Uniswap.
And Uniswap, I decided to get a stake in this, but they fixed their tokenomics and they changed a lot of things about their protocol so that now when these liquidity pools are being created, they're also taking some of the fees that are being generated there for the liquidity.
pool and skimming some of that and turning that into buyback pressure for the uni token so uniswap so robin hood has seen this huge explosion of meme coins and uh real world assets on their chain that is using So Uniswap behind the scenes, once these things get to a certain point, then Uniswap is using that volume, that demand, which is exceeding their all-time records, right?
They're doing record volume on Uniswap now, and they're taking some of that and using that to buy back the unit token.
Ultimately, this does all, again, I'm going to say this again because this is really important not to get lost in all of this.
This all does ultimately settle down to Ethereum in ETH, and ETH is money, and it's the root of global finance, and this is proof of concept 101 for that, and this is what the next century of finance looks like, and welcome to the future.
In any event, the point is that there's a strong thesis for some of these slower DeFi layers that are much bigger, more stable, have stronger investment theses in my view.
And that's if it's more where I want to put my capital.
And then also the layer ones that all of this is settling on, I think it's also very bullish for them too for the long term because it's going to bring more competitors to do similar things that what Robinhood is doing.
And it's going to bring more capital into this space.
More asset issuers from legacy finance, trad finance are going to want to launch a tokenized version of their product in order to get access to this huge flywheel of capital that's being generated here.
So there's just a lot of places where there's going to be benefits from this.
And there's a lot of places you can.
you know, as an investor, look at if you want to, you know, think about how you want to get a position there.
I'm not giving anybody financial advice on this, but I'm just saying like, there's a lot that's happening here.
There's a lot that's involved.
There's a lot of winners in this.
And I think you have to kind of make your decision for yourself.
Do I want to go try to buy one of these like degen meme coins?
Do I want to just buy Ethereum?
Or do I want to be somewhere in the middle of that spectrum?
And, you know, you have to do what's right for you and your thesis.
You know, one thing we've talked about a lot on this show is that crypto is quickly becoming a huge part of the global payments infrastructure, and nowhere is that more obvious than in Asia.
But if you're actually running a remittance company or a payment business, you know that the hard part isn't moving the stablecoins.
It's dealing with local banking partners, compliance, liquidity, and all of the operational headaches that come with sending money into places like India and Southeast Asia.
That's why today's partner is Sabre.
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Can we just go back to what changed for Uniswap?
Because I think that's been something that you've explained to me a few times, and I'd love to hear it again.
And also, this is what motivated your first Milk Row Pro purchase in a long time, John, which was a week ago of scooping up some uni.
And you're saying that they changed their fee structure.
What was wrong with Uniswap for the last couple of years?
Because when I came into the space 2020, there's Uniswap airdrop during that huge DeFi run of that bull cycle.
Uni and all these other DeFi tokens, obviously with a lot of promise for the future, which maybe is now coming to fruition, that thing ran to like 40, 50 bucks or something like that.
But it's not last cycle, like a lot of other DeFi tokens never really did much.
But you're telling me that it's been it's been almost like a self-inflicted wound this whole time that they haven't been able to figure out their toe economics.
What does that mean?
It hasn't been self-inflicted exactly, but they haven't been allowed to do certain things because of the regulatory overhang that has been put in place by the Gensler regime and Operation Chokepoint 2.0.
And like if they were directly doing buybacks based on their revenue, then they would be considered a security and like, you know, thrown in jail, basically.
So.
The way Uniswap got around this was instead of doing direct buybacks with their revenue, they skim a little bit of the liquidity provider generated revenue and then use that to buy Uniswap tokens on the open market and then just burn those tokens.
So that's the way they're kind of getting around this.
It's not a – I mean it's buybacks, but it's not direct buybacks because it's coming from the liquidity pool, the liquidity providers.
And Alex Cutler says that he – thinks that this is unfairly penalizing the liquidity providers on their protocol and that they may eventually become incentivized to look elsewhere to get more of the reward that they're generating from providing the liquidity.
And that's as may be.
I don't know what will happen there.
There's a lot of back and forth on a lot of this.
People are trying to figure out what the right system is.
People are going to have different opinions.
The market's going to decide.
There's going to be different players who want different things.
But...
The gist of it is Uniswap for a long time was criticized for just being a useless governance token.
They gave you rights to vote on the protocol proposals but didn't really capture any of the value the protocol is creating.
And this is like a whole bunch of stuff about all this.
It's a long history.
Like people have been fighting about this for a long time.
But the thing I think is important is this unification effort that they've done.
They have a unit chain, they have some other things that have been done, and they're trying to more closely align the token with the protocol and aligning incentives and aligning revenue and allowing the token holders to benefit from the business and the revenue and the volume that's going through Uniswap.
And so I think that...
resolving that issue combined with this huge influx of volume and a huge amount of new demand for Unicall's protocol and for their token.
It's just a really bullish setup for Uniswap.
And I saw this starting to move.
I wasn't like by any means early to this trade, but I saw it start to happen.
I got a little position.
The market started to move against me.
I added to the position.
I think I'm up around 30% now, but there's not really any technical resistance because the chart has been mostly down only for ever.
There's not really much technical resistance until around $7.
And then, you know, if we do go into a strong, sustained, confirmed digital asset bull market, I think that Uniswap is set up to do quite well in that environment.
So I'm just kind of content to have a position here right now.
Okay.
Thanks for explaining that.
What, you know, you have said for a long time, John, whenever I asked you this question, I've asked you this every day, every Monday for two months is, you know, I asked you when you were going to buy small coins, right?
And for our Milk Road Pro enjoyers, you know that John was scooping Bitcoin and Ethereum on the really red days, right?
For the last six months, right?
And this is an excellent kind of accumulation strategy by you to just buy capitulation or buy fear or whatever you call it.
What did you call it?
What's your thing?
Buy?
Buying fear is a good deal at any price.
That's it.
Buying fear is a good deal at any price.
And I absolutely love that.
But every time I asked you about buying altcoins, you would say the same thing.
They said, you're waiting for confirmation that we're in a bull market.
And Uni was a unique thing last week because it was like, even though crypto had gone up, it's like you were saying, it's like for everything you just said, it's like, well, this makes sense.
They fixed everything.
There's a lot of good reason to get into this token at this point.
But since then, this week, you've been on a rampage.
You've been, you've been, there's several other tokens that you bought, which got our community very excited.
What flipped for you?
A few different things.
So number one, I think that Bitcoin historically has led the crypto market.
And I do want to wait for confirmation that Bitcoin is in an actual technical bull market before I'm willing to fully call us back.
However, the amount of dispersion that we're seeing is increasing.
So what I mean by dispersion is that even though Bitcoin is chopping, there have been enormous amounts of gains in a broad.
basically across the board and crypto lending protocols and defy protocols are among the biggest beneficiaries of these things and so like the places that are seeing the most adoption the most demand the most growth and so i think there's a lot of reason to say that we've already bottomed on a lot of these altcoin projects and there's not really much reason to expect we'll see a new low now if bitcoin pulls back It's possible that we'll see some pullbacks in some of these things too, but I don't really expect Uniswap to just like suddenly drop below $4 again.
Right.
So it's like, okay, well, I'm not really going to get a better entry if I want a position.
It's not really waiting too much.
Isn't going to help me too much.
You could maybe look for a dip, but you know, it's kind of time to get off the silence and start playing.
And yeah, look, I bought a lot of Bitcoin and Ethereum when they were down.
So I'm.
very solidly up on those positions.
I've been a little bit off sides on altcoins, but in my defense, it looked like for a long time, there was potential for more weakness in the market.
And it was one of those things where it was like, I just didn't feel like the need to rush in with the capital.
I thought there'd be a little bit more time, but this Robinhood chain has really shifted a lot of the energy.
And like we've shifted from a huge amount of time we spent in greed in fear now crypto sentiment is is firmly in green in greed i think it's around 80 right now last time i looked on the the crypto fear and greed index i didn't even know that really and we've had two major major short squeezes so it's just it's like a lot of things have flipped and you know we're seeing a lot of signs of the beginning early stages of a bull market um so i've started deploying capital and accumulating some things um Well, so yeah, there you go.
I did not know that we were at 78 in the crypto group.
We were just at 16 two months ago.
We're so emotional.
right let's see when this squeezed up it looked like it was gonna roll down again it look it was looked like the downturn was just gonna continue and we got this huge short squeeze and then we got the robin hood chain and now sentiment is flipped and now people are like you know getting this meme frenzy on again so i don't know i look this is not by any means confirming that we're in a bull market and maybe i'm getting suckered into to buying a bull trap here but We're close enough to the bottom to where I'm kind of like, okay, either way, right?
Like if we make new lows, fine.
If we don't, fine.
But I do have still some dry powder, more so than any other analyst at Millcrod still.
But, you know, I just, it seemed like a right time to take a position.
And a lot of things have been changing outside of Bitcoin that are really positive for crypto.
Not necessarily for Bitcoin, but for all of crypto outside of that.
And so, you know, I needed to get some more exposure to those things.
All right, I have a very specific ask for you guys.
Somebody listening to this knows the person running marketing at a crypto or AI company that should be advertising with Milk Road.
We reach more than half a million investors across everything we do and Q4 is filling up.
So don't be the brand that waited too long.
And the cool part about sponsoring the show is this episode is still going to be getting plays months from now.
So send this to them.
Look like a genius and tell them to go to milkroad.com slash sponsor.
Look at that.
of all the signals, of all the institutions, of all the smart things, you needed the trenches to come alive to confirm the bull market.
That's what it took after all that.
It all comes back to the DGENs coming in with their liquidity.
Who knows where they're getting the money?
I don't know where people are getting this money, man.
I don't know what this money is that's in pawns that drove it to 600 million market cap, but there's money somewhere.
The DGENs shall inherit the earth.
No, it's not just the DGENs, but there's just been a lot of strengthening fundamentals.
Avi has seen a huge amount of capital coming back in.
Syrup, Maple Finance is severely undervalued by the market.
I think that Tau is going to see performance again.
Lighter has been on an absolute tear.
It's probably going to keep going.
There's reason to think that there'll be positive things in the news on the horizon for perps platforms like Hyperliquid and Lighter.
Zcash is not a project that I have, but people are...
going absolutely berserk about Zcash right now.
And it's, I think it's over or close to a thousand dollars.
So there's just a lot of bullish activity happening and it's, it's really hard to kind of ignore that.
Right?
Like, um, so, you know, if, if the sentiment is flipping bullish, strongly bullish in other parts of crypto, just cause Bitcoin isn't back in a technical.
bull market just quite yet.
It doesn't mean that it won't get there.
And, you know, look, by the end of this call, for all I know, we could be back over 82, 83K, because when we started this, we were over 81, and that's pretty close.
So anyway, there's a lot of reasons to say that there's some bullish momentum that shouldn't be ignored here.
So, John, I want to take a second just to kind of plug that a little bit more, because we're not going too long today.
Again, I was really excited for you to see you.
showing some activity uh we'll give people a little preview so when you go to milk road pro this is basically like john's portfolio here you can see you can go ask him a question in the discord right here if you want or put on your notifications for john um we have this nice little interface right so uni is actually uh one of your your now your third biggest position you didn't have too many positions before but uh we have this nice little wheel that shows eth bitcoin cash uni and then you have these other positions here like five or six other alts that people can go check out.
So just $1 Milk Road Pro to check that out.
John, I want to dig into this sideline sentiment, you know, as kind of like the closing points for this show is that, and we expressed that two weeks ago when Bitcoin popped or whatever it was, when all this stuff broke out of that range and went into the mid seventies is that it's like, holy shit, this is sooner than we thought.
One of those theories that maybe we would bottom earlier than people realized may be true so far.
and you know even this morning was another one where i think everybody woke up and the market opened and everybody felt a ton of fomo that they just were not allocated enough and that maybe they were saving a big bundle of cash um for for a deeper bottom so like how do you manage how do you navigate that right and you've kind of alluded to that but i just want to dig into that because i feel like that's kind of that's the emotion of the moment for for for a lot of us yeah Well, there's a lot of emotions.
Nobody knows what Bitcoin is going to do.
Bitcoin is bitcoining again, and nobody's quite sure what to do with any of these things.
I think that the general thing to do here is to just not trade on emotion.
You're not going to miss the whole market.
The bull market is not going to get away from you.
There will be time to get entries on these things.
It's not going to be up only forever.
I think what you want to do is take a look at the market, make a plan, a strategy that makes sense for you, and set some trailing bids on some of these assets.
want to get into and wait, because even in a strong bull market, Bitcoin could see 30% pullbacks.
Other assets could see more than that.
And so it's not like you've completely missed the boat if you haven't caught this first move here on some of these things.
But yeah, I mean, it's an emotional time for all of us and we're all struggling.
That's yeah.
But I still have a lot of cash.
I'm still trying to figure out what I want to do with that.
If I want to wait and hope that Bitcoin does pull back a little bit here.
If you know, because we'll see.
Right.
Like there are some things that could.
go against us on this, right?
If the Fed does hike rates, the market won't react really kindly to that.
If the Clarity Act fails, the market might not care, but it also might kind of take some of the wind out of the sails on some of these things.
There's the midterms coming up.
There's always uncertainty beyond that.
And then September is just historically, September in a midterm year is like the worst month to hold Bitcoin, just full stop.
So there's some things that could maybe blow in the other direction as we get deeper in the month year.
But my view is that this is all kind of short-term shop and the long-term view on this is really strongly bullish and only getting better every day.
So, you know, quell some of the emotions.
If you need to get a starter position, this is the other thing too, is I'll say it's like, if you don't have anything, figure out how big of a position you want and maybe take five, 10, 15% of that and just make a purchase.
And then.
Wait, so you quell some of the FOMO and then you can DCA in a little bit and kind of like calm some of those emotions.
But yeah, just think about a strategy for doing that.
The other thing I'll say, this always helps me.
We have a really wonderful community in Milk Road and just engaging with our community, asking and answering questions and seeing what they're thinking and feeling.
Having a community to go through this with really helps sort of like...
group think some of these decisions and sanity check yourself, protect against your own emotions.
So I really like having that wonderful community to go to in moments like this and just kind of strategize together and figure out what we're all going to do individually.
But yeah, it's an exciting time.
Emotions are high, but don't let them take control of your wallet because that's not the best way to get returns on your capital.
Absolutely.
I think that that FOMO is driven also by the fact that we just stared at the prices for like eight months.
We went into that range in February and then we just stared at it.
We stared at it until like three weeks ago.
Wait, hold on.
Wait a minute, hold on.
You were buying it.
But what I'm just saying is people were like, should I unload the bag now?
People didn't have a bag.
People were down bad.
But what I'm saying is that everybody who had a bag to unload was just like, should I just do it now?
Or maybe it'll go lower, maybe a little bit more.
I mean, I'll wait for another little 10% drop.
And now they're waiting for a 10% drop, and now they're buying a 20% pop.
Yep, that's what happens.
I buy on the way down, so I don't have to worry about this on the way up.
But that entire time I was saying, if you're in AI, rotate to crypto.
If you're in...
Wait, what the fuck are you saying?
What do you mean buy it on the way down?
You bought more this week than you ever have.
What are you talking about?
I bought in February.
I bought in June.
I bought in July.
I've been buying.
I'm going to still buy.
I don't know what to tell you, man.
The bags got packed.
You know what I'm saying?
Anyway.
They're a funny man.
All right, John, last thing.
People want to enjoy their Labor Day weekends.
What should they do?
Touch grass.
I think that's the general advice, isn't it?
Spend some time with people you love.
Try to do something that makes your soul glad.
And don't look too much at the charts.
They'll be there when you get back.
Trade meme coins.
You got it.
Okay.
Thanks, John.
Appreciate you.
That's what I mean.
Have yourselves a good weekend.
Don't listen to John.
It's going to be a green September, okay?
Don't listen to his historical data.
He's wrong.
We'll see you guys.
You'll be back with John on Monday.
Thanks, John.
Thank you, LG.
These are our personal opinions, not financial advice.
And we may own some of the investments we talk about.
Always do your own research and make the decisions that are right for you.
See you next time.