ROLLUP: BTC $1T Market Cap | More ETH ETF Filings | $STRK Airdrop Pushback?

Brian, as we get into the market section, we're gonna talk about some numbers that are very exciting. Some Bitcoin price numbers, some some percentage up on the week numbers that are very exciting. But I want to take this moment before we get into the market section to remind and hopefully broadcast to everyone listening that we want.

Bankless Nation, happy third week of February 2024. We are in the bull market. David, what time is it?

It's the Friday Bankless Weekly roll up where we cover all of the news in crypto, which is getting easier and easier these days because the news just gets better and better. Martin, how you come on, man?

I'm doing great, man. We we uh did you watch the Super Bowl over the weekend?

Uh, no.

Okay. Well, there are no crypto commercials. Uh maybe you'll be happy to know or unhappy to know. I'm not sure. It means

I'm indifferent on that one.

I think very very squarely, the part we're in in the market is the normies have not yet come. Yes, but the crypto natives are waking up, and those that were in crypto last cycle are starting to look at their price charts and be like, oh, that crypto that I kept, it's going up, and they're starting to pay attention. I think that's where we are in the market this week.

The this conversation has been been going around. I have gotten text messages from two friends who were also decently early last cycle, definitely ahead of retail last cycle. Um and they have texted me again. So I have some people texting me, but these are the people who are smart and ahead of the curve.

But they were just like checked out over the last

They never went full crypto. They never they have normal trad fi, normal people jobs, um, but you know, dabble in crypto when crypto's hot.

Well David, we got a lot to talk about in the market section. Bitcoin hit 1 trillion in market cap and 50K on the week. It's above that, I think, at the time of recording. And so we gotta talk about the Bitcoin ETFs, GBDC selling. What might be behind some of these moves? What else we got?

Another filing for the ETH ETF out of our friends from Franklin Tembleton. We'll talk about that. And of course, some of the biggest news of the week. Starknet token is finally here. So we're going to unpack all of that the good, the bad, the ugly of one of the most anticipated token drops that are out there. And also, did you hear about um Sam Altman raising seven trillion dollars? I have never heard of anyone raising T on it for this new AI chip project. So that'll be at the towards the end of the podcast.

This.

Uh David, I also want to throw some hot takes your way about uh what it's like to be a crypto native in the US these days. Um I'm starting at geoblocked from a lot of things and I ain't happy about it.

Yeah.

Okay, so little talk that

yeah, a little dad talk, a little dad rant, I think. Uh David, before we begin, we gotta shout out our friends and sponsors.

Ryan, as we get into the market section, we're going to talk about some numbers that are very exciting, some Bitcoin price numbers, some percentage up on the week numbers that are very exciting. But I want to take this moment before we get into the market section to remind and hopefully broadcast to everyone listening that we want quiet all-time highs. So I think everyone needs to be very excited internally with your other crypto friends. But when you talk about the Bitcoin all-time highs in line at Starbucks with your crypto friend, make sure no one can hear you because we are trying to extend this period as long as possible before people come in. So I'm asking the industry on behalf of Bankless we want quiet all time highs. And there is a clip that I have that I would like to show that I think represents where we are in the market. Uh, this is a clip from uh Animal House. Have you seen Animal House, Ryan?

I have not seen that movie. It was like a movie from like the 70s. Yeah, I've not seen it.

What? Okay. Animal House is a fantastic movie. This is, I mean, the clip is from the song Shout, from the Isley Brothers, famous song. Everyone should know this song. But really, it's appropriate, the most appropriate with Animal House, because we are all animals. For people who don't know, it's about a fraternity that's about to get kicked off of campus for being too rowdy. Right. And they are doing their last party that is about to get them kicked off. And so here is a scene using the shout song. And there's this in shout, there's this part of the song where everyone's like the um the song goes a little bit softer now, a little bit quieter now. Yeah, yeah, yeah. Yeah. Right before things get loud. Can we play that?

Yeah, let's play that. So Quiet All Time Highs is what

Quiet. I guess we should be thinking of when we're talking about calling for quiet all-time highs.

Okay.

Okay, so this is where we are now.

We're all parting. Having a good time.

You've been so good to me, uh

you know you make

my hair

Okay.

This is where we need to be. This is where we need to be. We're gonna be a little quieter. This is where we this is the next two months of our lives. A little bit quieter now.

Just like this, just like

And then this is what happens next.

it's it's really soft. It's really soft.

Really, really soft.

And then we get to get loud, okay? I'm just this is how this needs to go. We first we get quiet, we get quiet for the next two, three, four months, and then we get loud like towards the end of this year. I'm calling that's my call to action to the entire industry.

Yeah, and then and then it's just degeneracy. But like we're gonna get like you can't you can't hold that back. All right. Does it

Does it ever actually get crazy? Do they just start screaming? Does it do we get to the kind of the the euphoria of the bull market in this clip?

uh in in the rest of the movie, yeah, you see the the guys of the fraternity just like take over an entire town uh during a parade. Uh but yeah, that if you guys have seen a watch Animal House if you have to.

So so so I guess like don't send the bankless episodes to your friends. Don't tell anybody when they text you.

Don't talk about crypto. Just be like oh

I hadn't noticed. Is it all time high? Oh

wow, wow, yeah. Uh huh. Yeah, just keep this quiet.

quiet for

Just for days. Keep it quiet. Keep it quiet.

this this is for your mental health, right? Is that is that what you want? Or is it

for everybody?

This is good for everyone. The longer that we can drag out this cycle and and exp and k uh keep away the just exploding all-time high blow-off tops, we're trying to avoid the blow-off tops. And that this is what we're doing. We're pla we're practicing restraints.

So like I like

We need to act like we've won a game before.

that's fine. I like the idea. I just I don't think markets will like uh honor your request here. Okay, because like markets we like they they are they are animals, yes, right? I mean like in the animal spirits.

All right, and and we're up so let's talk about Bitcoin on the week. Um we've teed this up a lot, but uh where are we where do we start and where are we now?

We started the week at $45,200. We are currently at $52,300.

We're up 16% on the week. I remember, Ryan, remember like maybe about a year ago, you were you, I think we were talking about like, man, remember remember when where there were like double digit days? Yep. Either up or down. Yep. But there was like a solid like four months of just like, oh, Bitcoin's up 2%, Bitcoin's down 3%.

It was just crabbing around. It's just

Crabbing around. Up 16%.

wow.

Say it again.

Up 16% on quietly, up 16, 16% on the week. A very modest, humble 16%.

We could be loud here. This is a uh this is a podcast for crypto natives. We don't yet have the normies coming back in. Yeah, we need to we need to set in