$900M ADA Spent For Almost Nothing. I'm Bitcoin HEAVY | 20 Hours to $200k

When I look at the four-year cycle, you know, the last one was a little different. Essentially, every single cycle when we've had, you know, a crazy Bitcoin run, altcoins have gone with it. And, you know, it's allowed us that have paid attention to that to make some easy money really. You know, you get some Bitcoin, you know, at the bottom. And then in 2017, everything after Bitcoin goes up, then kind of the high tier layer ones go up. you know, Cardano, Algarand, Ethereum, Salana wasn't even around back then, but they all just follow Bitcoin and they all hit their an all-time high and then after that, you know, it's usually like something smaller like meme coins or, you know, NFTTS in the last cycle, whereas, you know, if you look, you know, this this last cycle, you know, ADA, Cardano didn't hit an all-time high. Salana didn't hit an all-time high when you account for inflation. uh Ethereum kind of got right there. Almost hit the all-time high, but didn't either. And you know, that's one thing that's really kind of, you know, it's changed my my investment thesis in a way. And if you look at the one thing that was different, it was that, you know, the US interest rates were were higher. You know, we were in a period where you can actually hold money in a bank account. You know, right now X money is paying 6% APY. uh you know Rob Robin Hood I think is paying 3.5%. You know there's a lot of different offerings now that are paying people anywhere from 3 to 6% for having cash in a bank account whereas if you look back at 2021 that that just it didn't exist. You know my bank was paying me you know.1%. So everybody in that time in 2021 was just looking for a way to kind of get out of cash and make yield because they printed, you know, 40% of all the dollars in existence in three months for the big COVID scare, you know. So everybody was, you know, riding high trying to find ways to earn yield. And if you look at this last cycle, you know, we we didn't see that. The only thing that really truly hit, you know, an all-time high other than some new coins, uh, you know, was was Bitcoin, right? So it so it's kind of you know it's changed my thesis a bit as a as an investor you know and it's kind of making me be a bit more you know bitcoin focused uh you know as we head into this next cycle. So, you know, personally, what I've done over the last 12 months is, you know, exited essentially every altcoin that I have. Uh, you know, and then and then Bitcoin too when it was a bit higher. And then now that, you know, I think we're starting, we may have just seen the bottom or we're going to see the bottom over the next few months. So, what I've been doing at least for the past three or four months is starting to DCA uh into Bitcoin. And I actually just picked up my first altcoin last week. Uh, you know, because it's starting to kind of signal a bull trend a little bit. And um, but yeah, that's kind of where I'm at. You know, I I'm a bit uh, you know, kind of heavy on on Bitcoin. Uh, which is a bit different for me. You know, the last few cycles I've been, you know, mostly alts to be honest. Uh, whereas this cycle, you know, I'm much much heavier on Bitcoin. um at least until we start to see these these interest rates, you know, go down and we enter an environment where you're not earning as much yield uh you know, on cash uh as you do today, you know, but we're you might have already mentioned it today. I see you've been gone for nine hours, but you know, do you think the bottom is in? >> Well, first of all, let's let's back up. That's that's amazing because I when I first saw you on on on your uh your channel, everybody, there's a link in the description. You can you can follow Payton along in his journey, but it was it was it was ADA and it was ADA heavy and that was the direction. It was also some alts here and there, but it was big time of what was considering to be the next big thing. So, it's interesting that, you know, you've taken a look at and go, okay, here's where we're at. We're we're investors, right? And if that if the thesis doesn't fit our model at some point, we just got to say, you know what, this at this point isn't taking off. I need to pivot a little bit because this is where the information changes. When the data changes, I change, right? So, Payton, it's uh it's good to see you just, you know, going, "Hey, this might be another thing to to get out of." And uh for me, I've always I've always said that I don't know where things are going as far as the markets. I believe that we haven't and this is go this is very contrarian. I believe this is what everybody's uh gone against me. I still think that we could have like a big pullback on Q4. And people are like, why do you think that? Because everything's going up. We got this big AI type of push and there's a meltup going on and the government keeps printing funds as far as dollar bills and there's they're debasing the currency. So why would you say that we we can have a big pullback? And I just say this, anything can happen. So, I look at this and I think to myself, okay, we are one tweet away from True Social from dropping another 30% or something like that. Could that happen? >> It doesn't look pro probabilistic. It looks like and everybody that we've talked to today, we've uh you know, we've had a lot of people on and they're all saying that this is the the bottom was July 1st, 2026. It was around 58K. that was the bottom fouryear cycles are dead and that may be true. So for me I don't know so it works out actually to the best to my advantage because I think to myself well if it's not going to happen then I'll just dollar cost average like you you're doing Payton and then when the price goes down I I buy more and the price goes up I buy a little bit less. So I still would like to see dips. I think it could happen, but there is a chance that I could be wrong. Crazy to think, I know, right? Someone who is fallible, but but if that's the case, then I'm okay because we were all dollar cost averaging 60k Bitcoin forever, it seems like. So then here we are. So that's that's the whole thesis in a nutshell. I would like to ask you a question, Peyton. You said that you just got into an altcoin. What is that altcoin? And then also if you could speak to us a little bit about uh the AI side because I remember when you were talking about Cardano it was about AI agents and things like that. So that that'd be a twofold question. >> Yeah. So the the one altcoin I actually just bought uh was was Salana. And you know keep in mind it was probably like 2% of my portfolio. You know it was just a little buy. I I wanted to kind of start the DCA and I I I don't know. It's all up to the the sky essentially, but I kind of I've been suspecting at least one more bottom, but I'm DCAing right now just in case we we don't get it. You know, I I'm kind of a crypto native in my life. And, you know, over the past year and a half, I've had less crypto than I've had since I was maybe 16 or 17 years old. So, there is this kind of like FOMO that I have like this fear of missing out. Like, what if we do get this cycle and I have nothing, right? So I I that's one reason why, you know, I've started DCAing a little bit. You know, I was DCAing to Bitcoin around 60 and 65. You know, I I would like to see another low, but it it may never come, right? So I'm just going to kind of keep dcaing slowly at these prices. If we go back down in the 60 range, I'm going to pick it up a little bit more. If we go down to the 50 range, you know, I'm really going to be kind of buying at that level. Um, you know, the reason the reason I just, you know, got a little bit of Salana is just in case, you know, this bull trend actually, you know, picks up. You know, it looks like Salana kind of just marked the start of a bull trend on the on the weekly. So, I was like, ah, you know, I'll put in, you know, a couple grand, you know, nothing nothing big or nothing major, not a large kind of thesis or investment. Um, you know, looking at like kind of Cardano and, uh, you know, kind of some of my my change in mind about that. Um, you know, I look at it and I I do think that it actually has one of the largest retail audiences in crypto, right? >> And, you know, the the big the biggest mistake that I kind of made looking back like in 2020, 2021 is I was really I was trying to be too smart about my investment in Salana. And, you know, I bought Salana, I think back when it was like seven bucks. and I watched it go up to 25 and the network crashed. Uh, you know, the the whole network just stopped working. And somebody that's coming from Cardano or coming from Bitcoin, you know, that's that's never happened ever, right? And then the second thing that you can look at, at least back then in 2020, it's much better now with Salana. Um, but the the wallets were very uh centralized. you know, the amount of people that held Salana, you know, a lot of it was in like the top five or top 1% of wallets, and that kind of spooked me a little bit. That mixed with the network going down. I'm like, you know what? I'm going to sell all my Salana 25 bucks. I'm going to get out of this. And, you know, that that's kind of one of the biggest lessons I've ever had because I was I was being too smart. You know, I was like looking at numbers and looking at, you know, the foundation and being like, "Oh, this isn't going to work out. too many people hold too much, you know, the network crashes. That just shouldn't happen in blockchain. And then it went on, you know, to be one of the the largest gainers of the the cycle. And then also the institutional plays that they've made lately are are insane. You know, the past four years, the business development team at Salana is is great. You know, it's it's it's even better than Ethereum, right? And Ethereum has a lot more a lot more money. Um, you know, so You know, that's kind of, you know, that leads me into this Cardano thing a little bit. You know, what I'm seeing on the Cardano side is I'm seeing uh, you know, there's essentially a treasury with about, you know, 1.2 billion ADA in it right now. And this ADA has never actually touched circulation before. There was a hard fork that happened about a year and a half ago that unlocked the treasury that allows decentralized voting from something called a DREP. And these DREPs can can vote on where this money goes, right? And you know, essentially in the past couple of years, they've spent off the top of my head maybe about 700 800 900 million ADA. And I look at where that money is flowing and it's it's flowing towards kind of this technical, you know, research uh you know, these these like, you know, good things for the world because Cardano is open source. all the work that's done open source. You know, you can see Ethereum kind of using some of this open source work, talking about moving to UTXO, but you know, the the revenue isn't there with Cardano, right? I think, you know, in the past year, it's made like maybe 3 4 million ADA. So, we're looking at a blockchain that's maybe made, you know, 6 to 10 million ADA in in two years, but has spent 800 to 900 million ADA on uh, you know, AC on on items that aren't directly going to lead to users or adoption, right? So, but you know, the reason I brought up the Salana thing is this might be me just being too smart, right? I'm looking at where the money's going. I'm looking at the expenditure on Cardono and thinking, "Oh, well, this doesn't make sense. The money that's being spent is not being spent on things that directly lead to users and adoption. So, because of that, it's not going to get users and adoption, and the price is not going to go up because when you're spending this money, it's inflation, right? You're you're essentially inflating the retail holders. you know, Cardano's biggest superpower in my opinion is its large retail audience that actually does, in my opinion, compete with Salana and Ethereum. And um, you know, looking at that, all of its biggest superpower is being inflated for things that aren't going to lead to more users and adoption. So, to me, that kind of means in the in the long term, you know, the price isn't going to going to go up because there isn't users or adoption. But as we've seen over the past few cycles, not everything here really has to make sense, right? You know, Cardono is a well-known cryptocurrency. So, you know, if we see the US government, you know, lower interest rates and we get into this kind of free money environment again where there's money flowing everywhere and everyone's looking to, you know, buy the next big run, you know, there is a world that even though, you know, the the numbers don't make sense to me spending 800 900 million ADA but only making 8 to 10 million ADA, um, you know, but it doesn't have to make sense. So, it didn't make sense to me with with Salana, right? Um, but as an investor, I look at the last cycle and one thing stuck out to or stuck out to me and it was it was Bitcoin, right? >> Wow. Um, >> I gotta tell you, Peyton, this was not on my on my bingo card and I I I think I've said that like 20 times today, but for but but for you what, you know, when you were, you know, big into into Cardano and it made sense and I appreciate what Cardano was able to do, which, you know, when they did their ICO when they released everything, it wasn't uh VC funded, it wasn't backed and they wasn't they it wasn't pre-allocation and it was a big thing and it was a great win, I think, for the individual. But then moving forward, it's like every business that's out there. Every single business, there are great businesses out there that have fantastic staff, have a fantastic network, have a great product, and for some reason, they just don't make it for whatever reason. There are certain aspects of every business that have to flow. And they don't have to be fantastic and perfect, but there if there is a lagard in one section of that, it affects the whole business itself. I think when you talk about, you know, the treasury that's out there and how much it should actually touch and how much it actually be pushed out there. I think that was a big thing and I just uh I look at it and you know, you're right. You know, I take a look at Salon. I the Salana time for me was I remember I did a giveaway and we did a it was like the Ethereum memecoin. I forgot the hell it was, but anyhow, it uh it was slow and it was expensive. This was just a couple of year about a year and a half ago or so. And I did one with Salana Salana coins. It was super cheap and it was super fast and I'll be damned if it just did just worked. And from there I'm like that makes a lot of sense. And now we see like what you talk about the adoption that's going on with Salana and things like that. But you know it is an interesting case that you talk about and I can see where you know your point coming home with uh what actually works, what doesn't and what's adopting. So yeah, thank you for that. Yeah, I kind of look at, you know, all of these different, you know, top 10, top 20 cryptocurrencies as different technological tradeoffs, right? And Cardono went more in kind of the e egalitarian, you know, kind of grassroots movement style. And ultimately, you know, why are people coming into crypto? There's the first reason which Bitcoin's already solved, which is just having financial sovereignty. you know, you can move across the border with a million dollars that you remember in your brain with a seed phrase, right? So, Bitcoin's already solved that. >> Um, the second reason is just to make money. And >> there you go. >> You know, you don't need um, you know, a a completely decentralized system to make money. You just need to make money. You know what I mean? Um, so I I look at, you know, Salana, you know, I look at, you know, other layer 2's launching. I just I think that, you know, we're at this like inflection point between Trafi and cryptocurrency where they ultimately become one. And, you know, with that inflection point, the only reason people are going to complicate their life, because let's let's be honest, crypto is a little complicated. these seed phrases, these hacks all the times, the scams. The only reason people are going to deal with this added risk >> is if they're making money. And you know, you don't, you know, truly need a decentralized system to to make money. You know, people are just going to interact with these systems to make money rather than have this kind of like a egalitarian like idealistic uh approach to it, you know. And I think that, you know, we are going to see, you know, large institutions like like JP Morgan and Chase, you know, all of the institutions you've heard of, they're just going to create their own their own wallet. They're already creating their own stable coins and everyone is kind of going to eventually be forced, you know, onto this new system. And the only way that you know something like Cardano or or Algarand or any of these kind of grassroots egalitarian approaches are going to work is if there's enough users there, enough of a retail audience for these larger institutions to integrate these systems to be able to make money from these retail audiences. And I and I think that, you know, Bitcoin it's there, Ethereum, it's there, Salana has a decent shot, right? You know, Cardano, it could it could be, but the retail audience there, they need to, you know, keep growing and and keep making money. And uh but that's kind of my my general thesis right now is crypto and Trafi are merging. And the only way that some of these blockchains stay around is they have a large retail audience that the banks think they can make money off of so that these blockchains are integrated, you know, with this leg legacy infrastructure that is evolving. >> Yeah. And you know what, great points and and I I I will touch back on one of the things you said about the banks. We covered this yesterday. There's 21 banks. I actually and me and Randy were talking about this. There's 21 banks that are coming in. the JP Morgans, the City Banks, they're all coming together to really to create that stable coin because you know what? We can't do the Clarity Act because that's not a part of us. We want to control the narrative. And because of that, they're going to create their own stable. They're going to have their own US dollar. But I said I said this yesterday and I stick with it and it was something you just touched on about retail and the people that are behind it. It is. If you've ever worked in a big conglomerate, a big corporation, it's tough to get anything moving to go through because you have to go through middle manager Steve, then you got to go through mid-tier manager Pete, then you got to go through the branch manager, and then kind of get everything going. And it's a big slog and it's a problem. As we take a look at as far as like payments, I think that banks have a step up, but they've failed at other things as far as like payments and applications. Now, Swift we know is the big daddy out there and it's been around since 1966. But as far as like getting anything new and to actually make it, Visa, Mastercard did a great job. Apple private organization, same thing. Stripe and PayPal, another ones. The one here that is in in this session that we're talking about is Zel and that is a group of banks that got together and says we should do payments. Sure, they're going to have their peace, but I think that the individual and the private organizations and of course hopefully these stable coins we're using will actually move forward. So, that's how I kind of see it. Payton's right. I think they're going to they're going to get theirs, but I think on the on the end, individuals are going to create something great. And then Payton, before we get out of here, you had a good point and you're talking about Andrew J and he did I say it J? He's the one that was talking about AI and uh and the uh theory. Just lay out the theory and then then we'll get out of here. >> Yeah, this is this is a bit of a conspiracy. Make sure you check out this video from Yeah, me too. But it was from Andre uh Dick and he he's going to cover it way better than I do in this short segment, but he raised an interesting theory on his video last night. And you know, we we look at the the Genius Act that was passed last year. You know, we look at the Clarity Act that they're trying to get through. you know, it's obvious that they, you know, they want to move, you know, everyday US citizens, you know, essentially onchain through these stable coins. And a big piece of the the clarity and the genius act was, you know, essentially removing, you know, individuals ability from getting the yield on your stable coin. You know, right now, if you have USDC in in Coinbase, you can earn a yield on it. you know, you can earn like 3.5%, you know, you can say, "Give me Bitcoin every month for it." But, you know, big big thing that the banks are, you know, kind of fighting for is removing that yield away. And that the only person that can ultimately earn the yield is the the bank itself, right? And, you know, we just saw the the US debt pass 40 trillion over the past couple of weeks. And, um, you know, the government kind of has to has to deal with this in some capacity. and they also want to move everyone over to this digital system. So, what he suggests in this video is that, you know, with the emergence of AI, you know, we're seeing the the chat GPT thing a week ago or this rogue agent, you know, kind of got out and and had some trouble in in another company's system. And um you know what he's kind of suggesting in this video is that you know there could be a a chance that to kind of get everyone into this new financial system to get everybody onto stable coins that there is some you know big big hack you know big um you know banking hack uh where you know nobody has access to their funds anymore and the only way that we'll ultimately you know kind of get moved into the stable coin system is if we you know we lose all we lost all of our money in our bank account. So now to get our money back, you know, we have to click some buttons and open up a new account kind of in this new system to kind of force us all over there. But, you know, after World War II, >> you know, essentially what what they did is they they took away the interest from everyday citizens and they used that interest to pay off the debt uh you know, from World War II. So the cash that you held into your account, you weren't making money off of it and they were using that interest that you should have been earning to kind of pay off your debt. So that's essentially what he's suggesting that they're going to kind of do with this this new system is kind of, you know, have some big, you know, catastrophic event. You know, no one can access their money, but hey, we can fix it. We have this new system that's on the blockchain that this can happen with. uh you know, but you're not going to earn any interest anymore and we're going to use that interest to start kind of paying off this this this debt. Um you know, he he explains it a lot better in the video and goes into the history of the US and how we've dealt with crisises and before and kind of what uh the Federal Reserve is talking about right now, what they've been talking about over the past couple of years. And it's just kind of a really interesting idea that, you know, I'm just like, hm, you know, um, >> it is, it is interesting and I can see it definitely happening, especially if you like uh, conspiracy theories. That's a good one. That's a that's a top tier conspiracy theory. We'll see. And then last question, we get out of here. I got another another guy coming in. Payton, you got any dogs? Got any cats? Got any pets? >> Yeah, I actually have two dogs and I have one cat. >> Um, my my first dog, his name is Mr. Midnight and he's um he's a lab mix. >> Yeah. >> Um I've had him for about 10 years now. You know, I think I got him when I was about 15 or 16 and uh you know, he's kind of followed me all the way around the country that that big guy. And then my second dog, he's a 16-year-old uh you know, he's he's like a a poodle, like a mini poodle mix. So he he only weighs like eight pounds. He's completely blind in both eyes, but he still loves his life. you know, he can't see nothing, but you know, he rolls around, he's happy everywhere he goes. You know, he's not scared of anything. You put him on a leash and take him on a walk, he's just running running into darkness, and he trusts us to to lead him, not into a, you know, an abyss. So, um, yeah. And then my my cat, his name uh is Moonlight, and she's a she's a main kid. But hold on. I got the I got the blind one right here. Let me grab them for you. But yeah, this is the the blind mini poodle right here. >> And then Midnight, come here. And then this is the the big guy right here. >> That's a That's a nice looking dog. Yeah, it looks like my other one that I had used before. >> This is a nice uh This is a nice place you got there. That's not your house, I don't think. >> No, it's um it's a place that we've been working on opening up here. Uh we're trying to, you know, bring Cabba, uh, you know, here. So, we've been working on setting it up. We're not fully open yet, but we're we're getting there slowly but surely. >> I love it. Well, listen. Hey, tomorrow El Tap. Cheers. >> I'll be there. >> Sweet. All right, everybody. So, look, that will conclude everything with Peyton. Uh, and again, Peyton, thanks for coming on. We appreciate it. If you like some of these things that are going on and you want to support the uh animal shelter, there is a link in the description. [music] And uh this is why we're doing the 20our time frame. 20 hours to 200k. We're damn we're almost 12%. Looking good. So we got another I don't know 12 hours to go or something like that. But that is it for that one. Payton, we appreciate you you stopping by.