Episode Transcript
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Speaker 1 (00:04):
Hey, folks. We're recording at Chainlink's smart Con, and joining
me is Aaron Arnold, who's the co founder of all
Coin Daily. Erin great to have you, Tony thinking crypto.
It's great to be here.
Speaker 2 (00:16):
Have been a big fan for a while and we've
been friendly for a little bit, but it's awesome to
see you here at the heart of smart Con, interviewing
some of the industry's biggest players.
Speaker 1 (00:26):
Including yourself. I mean all coin Daily we were just
talking before the recording surged in subscribers over a million,
mostly back in twenty twenty, twenty twenty one, right hm,
I mean.
Speaker 2 (00:36):
We grind it up to you know, seven hundred thousand
or whatever in the bear market of twenty eighteen twenty nineteen,
twenty twenty, and then in twenty twenty twenty twenty one,
when you know we're turning into a bull market, we
surged past a million. Right now, we're at one point
six one point seven. Would love to hit two million
before this bull market ends.
Speaker 1 (00:55):
That's incredible, man. How did you and your brother discover crypto?
What made you guys get in Well.
Speaker 2 (01:01):
You know, our first love was filmmaking. After undergrad we
moved to Los Angeles to pursue filmmaking. We had some success,
but you know, really I was looking for, you know,
just something else that fell at my time, because, like
we were talking about, there's so many gatekeepers in filmmaking,
you can't work as much as you want. And that's
unlike YouTube and unlike crypto, where there are no gatekeepers
(01:23):
in crypto and as much work you as you put
into it, you can get out of it. And you know,
I've always been interested in the latest in tech, and
you know, I just thought it was a perfect niche
to get into crypto YouTube and I'm just really you know,
interested in the whole space in it for the tech
and the culture.
Speaker 1 (01:39):
Yeah, for sure, and some gains too. I would hope some.
Speaker 2 (01:43):
Gains, some losses, but some gains.
Speaker 1 (01:45):
Yeah. Kind of what's happening in the market right now,
right it's it's pretty rough. So are you guys like
kind of like the mister Beasts of crypto on YouTube?
Because you're the largest YouTube channel. I'm not mistaken.
Speaker 2 (01:56):
We're the largest YouTube channel, Number one in an America,
top three around the world, and it goes in Ebbs
and Flow sometimes or number one sometimes the or number two.
But in America for number one, where the you know,
thank you for saying mister beast, he's obviously the man.
But you know what I like to say, even more
than just subscribers, I think we have very consistent, regular engagement.
(02:17):
So whether the market's off or interest is up or down,
we do kind of, you know, get consistent engagement because
we don't rest in our laurels. We don't take the
audience for granted. We post one video every day and
I've always thought about it. You know, it doesn't really matter,
you know what I think is important in crypto, that
matters a little bit. But what's really important is what
(02:38):
does the audience want to hear about? What do they
kind of content do they always or do they want
to consume? Which is kind of different from crypto back
in twenty seventeen, twenty eighteen, when a lot of the
people making content, we're like, I know what's right in crypto,
whether it's your bitcoin max or whatever, And you know,
I think they ought to be hearing about this. Well,
I don't think that. I think whatever you want to
hear about, we'll talk about. Oh absolutely, yeah, you got it.
(02:59):
Cater to the audience, right, So Aaron, It's it's pretty
rough this year. Look, we had tariff headwinds. I don't
know what other headwinds. But on the flip side, you
got trad Fi adopting crypto at a rapid pace. But
yet the you know, bitcoin is struggling right now. What
is your take on what's happening in this market? Very interesting?
What's going on in crypto nowadays? Now I have no
(03:21):
clue what happens in a month. I think there's a
lot of reason to be long term bullish. I mean,
I guess you know, the big thing right now is
we're nearing the end of twenty twenty five, when you
would expect the cycle to be over from the market
to top. Everybody in crypto is hoping to sell a
little bit as bitcoin hits one to eighty k and
then wait a couple of years as the bear market begins,
and that's not what's really happening. Yeah, volatility seems to
(03:42):
be tapered a little bit with Wall Street and institutions
coming in, and I'm airing on the side that you know,
perhaps the four year cycle is over and it's just
been and maybe we would do have you know, six months,
eight months a year plus of consolidation. But I think
there's a lot of reason to be long term and
bullish because of tailwinds that this industry has. Two of
(04:03):
the biggest ones, The Market Structure Bill, some of the
biggest bipartisan crypto legislation in the US, is about to
be passed as soon as the government opens back up again,
and that's going to be big. We saw how big
the stable Coin Bill, the Genius Act was for the industry.
The Market Structure Bill, Clarity Act, I think is going
to be even more significant. And you know, we're going
(04:23):
to see Tesla, Apple, the Mag seven, the Mag ten
all being able to you know, get into crypto in
a big way, all the biggest banks. In addition, another
tailwind is we're in a rate cutting cycle where liquidity
is coming back into the market, and we've already seen
the Fed start to cut rates. We know, like we know,
(04:44):
Tony that come May of twenty twenty six, no matter
how many rate cuts happen between then and now, and
there's projected to be more that Donald Trump. President Trump
is going to put on his guy as the new
chair of the Federal Reserve, and he's going to want
to lower rates even more and pump up all markets.
So that's another reason to be bullish. But you know,
even beyond that, there's been so much building and so
(05:07):
much you know, just kind of general adoption. It's hard
not to you know, back in the day, we used
to think, is crypto going to be around? Is America
going to try and snuff it out if it gets
too big? Well that's not happening. They're regulating it, and
regulation means game on.
Speaker 1 (05:20):
Yeah. And then you know, in addition, you mentioned the Fed,
they signal they're wrapping quantitative tightening. So we've been rising
in quantitative tightening. So I can't imagine what's going to
happen when that's officially over.
Speaker 2 (05:32):
It's it's a big tail wind. I'm bullish. You know,
Quantitative easing is not necessarily a good thing for the economy.
I mean, it's a good thing for the economy short term,
but it's like long term, what happens to this system
that can't keep kicking the can down the road forever.
That being said, though, you know, we've kind of been
in a case shaped economy for the last since twenty twenty. Basically,
those with assets have been doing well. Those that are
(05:54):
just saving in cash aren't really doing that well. But
certainly with quantitative easing coming back, those with assets, you know,
should do well. So in that regard, I'm bullish for
people who subscribe to Altipoin DAILI, and I'm bullish for
those who subscribe to Thinking Crypto for sure.
Speaker 1 (06:10):
And that's that's the financial education that we provide right too.
It's not just okay, yes, crypto does new technology, but
also you got to diversify into assets that outpaces the
debasement and the inflation. Because you look, you could even
be in real estate or stocks and you still do
better than a person just sitting in cash or fiat.
But crypto, as Paul Tudor Jones said in twenty twenty,
(06:30):
it's the fastest horse in the asset race.
Speaker 2 (06:32):
Mm hm. I just had a grant cardon on my channel,
big real estate guy, you know, Mogul in real estate,
and he's just been getting into bitcoin, and I made
him make the case. You know, nobody's saying real estate
is going to be a bad investment over the years.
There's a reason why something like bitcoin could be a
better investment than real estate in that it's incredibly liquid,
there's no liability, you don't I don't have to worry
(06:54):
about the government, insurance, the title. You know, just you know,
so many reasons, and this is why we're seeing bitcoin drop,
you know, the quickest. You can't, like, real estate's not liquid,
you can't really see that drop, right, Bitcoin drops because
it's the most liquid. That's bullish long term, yes, but
you know, I think more and more people are realizing
that that we have so many like huge people, big
names making the case why bitcoin is a great hard asset.
(07:15):
Whether it's you know, Eric Trump, whether it's Grand Cardone,
whether it's Larry Fink, you know, so many people.
Speaker 1 (07:20):
Yeah, it's incredible. Aaron, What are your thoughts on the
likes of Blackrock and banks and Wall Street coming in?
You know, years ago they were all saying this is
trash index of money laundering pet Rock, and now they
are building with the tech.
Speaker 2 (07:34):
Yeah, you know what I think black Rock, Wall Street
Institution's getting in. It's par for the course. We all,
you know, back in the day us trying to think
of where you know, if crypto holders are right, where
does this industry go. This is a natural par for
the course and what should be happening if crypto rails
are truly better than traditional rails. So you know, to me,
(07:54):
I think I don't get like mad over black Rock.
You don't have to like black Rock, but you just
can recognize the biggest financial leaders on the planet are
not only investing in the assets themselves, but building on
the rails and overall. I mean, I think that is
a very good thing and kind of like, lets us know,
you know, black Rock's not getting in to make money
in twenty twenty five or to do well in twenty
(08:15):
twenty six. They're getting in to do well in the
twenty twenties decade, in the twenty thirties decades. So there's
a lot of longevity here that they're realizing. Absolutely well said,
what are your thoughts on meme coins? Do you own
any meme coins? Do you think that market returns at
any point? You know, I dabble in meme coins for fun.
I own meme coins nowadays they're not worth too much,
but you know, they've always been a small part of
(08:35):
my portfolio. You know, we cover the whole market on
old Coin daily, and meme coins were really hot in
the twenty twenty run up up until or the twenty
twenty four run up up until January of twenty twenty one,
when Trump launched his meme coin and became president twenty twenty,
we should have recognized that was definitely the top. But
they've always been a small part of my portfolio. My
(08:55):
biggest personal assets in crypto are Bitcoin and Ethereum. Always
has been.
Speaker 1 (09:00):
Wait, I thought it was XRP.
Speaker 2 (09:01):
You know what XRP is. They have a lot of
publicity here in New York, and you know it's not
XRP for my personal holdings. But I'm you know, I'm
rooting for them. But like mean coins to me, they
don't make me angry, they don't make me sad, they
don't like I don't think of them as a little
lottery ticket, although they could be mean coins to me
are It just shows that these permissionless rails, anybody can
(09:23):
build on them. Yeah, and you know, I'm bullish for
the creator economy. I'm bullish for people like launching their
own community coins.
Speaker 1 (09:31):
Yeah, but you know.
Speaker 2 (09:31):
That being said, there's a lot of trash, always has been,
but the quality ones rise to the top, and that's
what we try and highlight on old Coin daily. And
also what Tony tries to highlight on thinking crypto.
Speaker 1 (09:40):
Yeah, well said on that note, you know, on the
other side of the token you got NFTs. We saw
huge boom in twenty twenty and twenty twenty one. I
believe in the absolutely the technology of NFTs, and it's
going to be used in different facets of pop culture,
side entertainment and so forth. But you think the artwork
market comes back.
Speaker 2 (10:00):
I'm in it for the tech as well. Now, well,
I think NFTs are here to stay. Digital assets, tokenization
is here to stay. And when it comes to the
artwork and NFTs specifically, this is the way I think
about it. If I have a collectible, if I have
a piece of art in my home, you know, maybe
I have ten twenty friends, thirty family members throughout the
(10:20):
year that come and see it in my house. If
it's in my room, maybe only five to ten people
who see it that digital artwork, digital collectible. I'm part
of an online community. Hundreds thousands, millions of my friends
in my community can see that. And the way I
think of it as this is the world trending more
digital or less digital? Well, it's obviously trending more digital.
So there is a place for online collectibles and to
(10:42):
be able to have verifiability where I know that what
this artist put out, there's only one hundred of them
and I have one. Not that the artists couldn't go
row and do whatever he wants, not that you know,
they couldn't be altered in some way, but there's just
like with the regular collectible, there's the trust between the
artist or creator and the community. And I think that's
going to move online. I think that is going to
be digital and it's not going away from the regular
(11:04):
world as far as physical things, but there is room
for the digital asset industry to grow.
Speaker 1 (11:09):
Yeah, and even I think those online digital collectibles, they're
going to connect to the real world in a sense,
opening up special perks and events and so forth. So
I think as those are bridged to the real world
for utility, not only you're gonna be able to show
it off online or whatever it may be, but it
can unlock different things. One hundred percent good stuff, man, Aaron,
(11:32):
thank you so much. I know you got to go
see Austin right now on stage.
Speaker 2 (11:36):
I do. He's about to do a fire or such
chat with Sergey and Nazarrov. I want to encourage anybody
here from the Old Coin Daily audience subscribe to Tony
thinking crept out. He's putting out good work in the space,
and thank you for having me Tony.
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