Welcome to the VRA Investing Podcast! In this Friday episode, host Kip Herriage dives into the latest market action, discusses the importance of seasonality in market trends, and delivers his ongoing bullish outlook for the year ahead. He shares personal reflections from a recent trip to Denver, addresses growing anxieties around inflation and interest rates, and explains why he believes another 2008-style housing crash is unlikely. This week, Kip Herriage unveils a brand-new cryptocurrency recommendation—Bittensor (TAO)—and explains why he sees it as a potential “10-bagger” investment, comparing its structure and opportunity to Bitcoin with a focus on artificial intelligence utility. Listeners will hear an in-depth breakdown on diversification, market indicators, and what makes the current economic environment unique for investors.

Don’t look back because the market is closed. Good Friday afternoon, everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a good day today. Hope your week was fantastic as well. Let’s get right to it. I’m going to cover a lot of things today, but it can do pretty quickly in the interest of time. I can get a little long winded sometimes.

But we’re going to stay on point today because I want to cover something new today with you. A VRA recommendation we made, I guess it’s been about a month ago now. Matter of fact, I’ve got it right in front of me. Give you the exact date. We recommended this on October 16th. How time flies. It’s our new cryptocurrency recommendation that we’ve made again on October 16th. And we’ll walk you through what that with that, it’s time to talk about it publicly.

And you know, we, we, we’re pretty open and transparent here. You know, we do save most of what we recommend for our paying subscribers. Of course you’re going to appreciate that. But things we’re really passionate about and we think that people should own, that the public should own, the public should be aware of. We like to get that out there, too. So we’re going to start, we’re going to do that today with our new recommendation there. Let’s get right to it. Today was really, we were actually out of town yesterday, had to attend a funeral in Denver.

Mark Bruner’s son, Zach. I know a lot of, you know, Mark, Zach passed away and it was tough, you know, so we all went and you know, Mark and I go back 34 years now and very good friends, done a lot of work together and known Zach for a long time. And so 36 years old, way too young. And it was tough, tough day. But you know, Mark, Mark’s a rock. And if you know Mark, you know what I’m talking about. This will only, this will only drive Mark to be more successful with Lost Soldier. I expect nothing less than that.

[00:01:48]:
But we, it was good seeing everyone yesterday and connecting anyway out of the office. And so I, I, all we could do is check our phone from time to time and we had, you know, good gains. And then all of a sudden, you know, we’re driving one, one site to another rental car and all of a sudden I look down and NASDAQ’s down 150, Dow’s down over 200. Like, what just happened here? Well, bitcoin led the way lower and, and we Got a little bit of a kind of repeat of that today and I think I understand why that is. I think this is common. I think more and more. Matter of fact, I know more and more investors are front running seasonality and I think that’s what’s happened here. Bitcoin and the semis, although the semis finished up today almost 9, 10 of a percent, they just continue to lead higher.

Bitcoin though has really kind of become the leader when it comes to market action and liquidity. And it’s not been strong, of course. I mean it’s bounced, you know, over the last three weeks. But you know, it was like 94,000 yesterday. They got hit intraday, hit again today. So kind of a repeat of yesterday, but again, once again it came. Market came back today, had a fine smart money hour. Not huge gains but you know, positive.

Russ 2000 was down today, only indexed lower and the others were up like 2/10, 3/10 of a percent. So no, no damage done, no harm, no foul. But I really do think this is seasonality because when seasonality has worked this year it has been banging and I. And by the way, the market was supposed to bottom, what was that two and a half weeks ago? I think I got that right. And that’s exactly when the market bottomed on the day it was supposed to. I might have the dates a little wrong there, but it bottom exactly was supposed to. The market did and it turned exactly when the fear and greed index hit 4. Is it you look back on.

I put out a, I put out. It was two weeks ago. I know because I put out a tweet two weeks ago or a post on X. And I said within two weeks 90% of investors will have forgotten this latest shakeout. And I looked at it today, I’m like, well it’s two weeks. That’s exactly what’s happened. People don’t remember why the market fell at this last shakeout. Don’t remember.

I said at the time. People will not remember why this happened. Most people couldn’t even tell what you think about it. You can’t. It was, it was a shutdown. It was a buy the rumor sell the news event. Yeah, the market went up parabolically, if that’s a word. Market went parabolic during the shutdown.

[00:04:20]:
Again, the market defies logic almost always. Uh, it wants to fool as many investors. Mr. Market is an SOB. It wants to full. It wants to really pull the rug out from under the majority whenever he gets the chance. And people are very concerned about the shutdown, we were not. The market soared the day the shutdown ended, the market started the nose diving.

Right. So, but again, seasonality was not positive then. So I think seasonality, my, my prediction, for what it’s worth, is that seasonality is going to be really good from here to the end of the year. And so what does that mean? Well, this lines up so, so beautifully too.

Not only is seasonality not great next week, it’s not, it doesn’t mean it’s good. We have a big sell off. You know, maybe the indexes lose a percent percent and a half. I mean, in the big picture, that’s not a big deal. In other stocks, you know, it could mean more. I’m not predicting that. But next week is not great for seasonality. However, once we get to the middle of the month, like the 14th, 15th, all that changes.

And now we are in melt upville at the year end. And then we’re talking about January effect, right? We’re talking about all the, all the reasons that the market typically does very well in the last half of December into early January. And of course January is actually in the first five days of trading, very important. And we’ll talk about that more as we get closer to that time frame. But it lines up so beautifully because, you know, we do a lot of work with our moving, we, you know, with our momentum oscillators, right? Macd, stochastics, relative strength. And when you look at these, you know, on all the index, all the leaders, including the semis, all the indexes, we’ve hit extreme overbought levels on stochastics, that’s the leading momentum oscillator. Not a lot of people talk about this, but anyone that either tries to time the market or trade the market is keenly aware of stochastics. It’s the first one to give you.

It’s the yellow light. It’s the yellow light and it works in both directions, right? So that’s what we watch first just to get. So we stop buying. Frankly, it’s disciplined. It’s a discipline thing. When we get to extreme or bottom stochastics, we essentially stop buying. We pause our buying just to see how the market’s going to react. And then it’s very common.

[00:06:39]:
And I think that’s what’s going to happen here. We’ll get a, we’ll get a pause next week. Maybe we just make it going straight up. I mean, this is, we’re going into 2026, which is going to be a barn burner. Of a year. That’s our call, has been for some time and we talked about a lot of this podcast here. So we could just keep going straight up next week, but when you think it through with seasonality not being great next week. And again, people are front running this now.

A lot of smart money is watching and the reason they’re doing it is because so many people are doing these analytics. You know, we love Ryan Dietrich because he just, he seemed like a good guy, number one. I don’t know. Ryan seems like a good guy and he’s a very giving person. You know, he just puts it out there for free. I often wonder why. You know, one of these days he’ll start a substack or a pay subscription model he made have that now. I don’t know about it, but he is a very, very giving, a pay it forward kind of person, which I just love people like that.

He does great work and there’s. I could name 10 other people that are the same way. And I love that about this business and I love it about X. You know, that’s why I think a lot of us are social media junkies. We’re not on there to look at TikTok, although TikTok can be fun from time to time. We’re on there to learn, right. And to hone our timing skills, our instincts. Right.

And really to build that list of, you know, of people that really want to have in our, in our, in our, in our, in our mastermind group. Right. Whether they know it or not. So that’s why it’s so valuable to be on X. And a lot of it can be a time waste, of course, but anyway, it does line up very well that now the stochastics are extremely robot pretty much on everything that leads. Seasonality is not great and what that will accomplish, right. If we get, if we do get a bit of a pause or a slight sell off, I don’t think it’ll be more than that next week that’s going to bring in the bears. So the, the charts will reset, we’ll have a little reset.

[00:08:36]:
Things will get a little less overbought. By the way, the other moon oscillators that we track in the VRA system, they’re nowhere near, not not only nowhere near extreme, but they’re nowhere near overbought, period. This is a beautifully looking setup. If I can put a forecast out there, I think this is what’s going to happen. We’ll have a pause. All of the oscillators will start to Unwind and what else will happen? You’ll see the bears, they do it every time. They’ll start getting more optimistic about downside action. They’ll start buying more puts, they’ll start shorting more stocks.

And then they would see all that reflected in these charts. And then again the week after that, essentially, you know, here comes positive seasonality again. So, you know, it’s been a great trading market. No question about it. You know, we’ve, we’ve had a very good run. We’re in parabolic options, number 23. It’s been a very good program so far, and I think it’s been a good market. You know, if you, if you have decent market timing skills and abilities and the discipline to stay true to it, it’s been a very good market this year.

So that’s, that’s kind of our forecast and also other things lining up. You know, this week’s AAII investor sentiment survey came in with a ton of bulls, like more, more bulls than bears for the first time in a while and a big jump. So again, people are getting bowled up again. That’s typically when you have a bit of a pause again. Now, bitcoin trying to lead lower, possibly here. But again today we hit all we hit. I mean, we’re right at back at all time highs, essentially. Right.

And so that’s, there’s a little resistance from that, too. I don’t know that I need to spend a whole lot more time on this, but I think you get, you get the drift. There was no breath thrust this week. We talked about this over the last week or so. You know, we were on track to possibly have two breath, two fairly known breath breath thrust. One is the Zweig breadth thrust. We didn’t get that. And the lesser known Whaley breath thrust, we didn’t get that either.

[00:10:34]:
And again, that’s not. That doesn’t mean the bat is bad news. The market’s got to go lower and it just would have been great news had we gotten those. And I think it’s just, I think it doesn’t matter because I think we’re going to get those in time. Also today, the foot call ratio traded very low today. Close to the point. 76. That’s not very low, but it’s low.

And so again, you have a lot more people buying calls and puts. This all does really kind of add up to. We need a bit of a pause here. We’ve had what, nine straight and 10 straight days up here with NASDAQ up every single one of those days. Tech has been leading, semis have been leading, you know, and again, I think the pause would be healthy and that you need those in a bull market. That’s just kind of how we’re prepared for it here.

I want to talk today about inflation, because where is it? We got the corp, the pce, a couple more things today. Frankly, I didn’t focus on that today, but I did notice the numbers. And there’s just no, there’s no real inflation. There’s. The media wants to say it’s coming. It’s coming, of course, and they’ve just been so dead wrong. You know, as I tell people pretty often, I know it probably sounds like a horse’s ass when I say it. I’m not really trying to be arrogant or cocky, but if you get your views from Bloomberg and cnbc.

[00:11:50]:
You should expect to be wrong often because they just don’t know what they’re talking about. Typically, they want to be negative. Right, because negative sales. But, you know, the way I look at it simplistically is that we happen to have a president right now. Again, don’t agree with everything, but when it comes to business and economics, I’m going to take Donald Trump 100 times out of 100 over anybody on CNBC or Bloomberg, over any talking head economist is on tv, certainly over Jay Powell. That’s just my view about Trump. He’s got the instincts like I’ve never seen anyone with this. I don’t think anyone has, frankly.

He’s got instincts that are almost rock solid all the time. And then, you know, he goes off track. But he, he’s very good about reading the room and doing a reset, doing a pivot, is he not? And so we’ve just never thought that, you know, first he went, he did go off the rails. Again, he pivoted because his original terror policy was horrible. And we had the day he was launching in the Rose Garden and we’re sitting there watching, he goes, A 10% is going to have a 10% tariffs. Everybody celebrated. The market soars. And then he puts up his big blackboard and he goes, and we’re going to have these additional tariffs.

And of course, the market just cratered. And then, you know, then they put a pause in the tariffs, you know, just, what, a month later or so, because the market was about to crash. But again, he pivoted when he needed to and then he got back on track. I have no problem. We’ve, we’ve, we’ve talked about this a lot here. I love what Trump is doing with tariffs. I mean, folks.

I think a lot of us know this now. This country used to not have a income tax. We ran all the country on tariffs and it worked pretty well.

Trump keeps talking about doing away with the income tax for most Americans. He has said this so often. I’m telling you, he’s sending a message. I have no, Trump doesn’t pay taxes. We know this. Trump pays as little tax as he can as we’re all supposed to. My guess is he pays even less than that. I think he’s figured the game out.

And the game is interesting, by the way, folks, because there are a lot of people believe that the income tax is not legal, is not even legitimate. Right. We’re not going to get into that today. Maybe at some point in the future. And I’m not recommending you not pay your taxes, let me make that clear. But because he’s putting this out there. So I was like Pavlov’s dog. He kept saying that we won’t have income taxes for the majority of Americans in the not too distant future.

I’m telling you, and I think you know where I’m going with this. There are a lot of people now that hear this and go, we don’t have to pay taxes anymore. And I don’t think that’s a mistake. I don’t think that’s an accident from Trump. I really don’t. And so I love where this is going. We’ve been a big supporter of his tariff policy when done correctly. I think he’s fine tuned it now.

[00:14:49]:
And of course the fear is that next, you know, in January, likely January, maybe February, the Supreme Court is going to, I saw, I think on Cauchy, I think I saw 70% probability that the Supreme Court is going to overturn his terror policy. But see, look, these guys always have a plan B and a plan C. And when you see Scott Besant say confidently, we’ve got a backup plan, we’re not concerned about it. I’m going to take him at his word because Scott Besant, maybe I’ve missed something. When’s the last time this guy’s been wrong? I off top of head, I can’t think of a time. They’re a great team, they’re a powerhouse of a team. And again, I’m taking their word 100 times out of 100 times over anyone on television, people, period. And so again, we remain very bullish in 2026, midterm year.

We’ve talked again, we’ve talked about this a lot here a Lot of reasons to be bullish for 2026. We’re looking for a very, very big year next year. And again, you know, inflation, I don’t know how some of these people can even still get on camera. They’ve been so wrong so often, you know, but, you know, I guess when you don’t have a conscience, it makes it a little easier. I can’t think of another reason. While we’re on the subject of Trump’s administration, I’m getting questions, we’re getting questions about this, about Kevin Hassett. Here come the fear mongers. Right, just right on cue, here come the fear mongers.

Well, has it, He’s a, he’s a Trump, just a pushover. He’s going to do whatever Trump says and because of that, he’ll have no credibility. And that’s why yields are going up. Listen, I don’t know if that’s why yields are going up. I doubt it. But what I really know here is that Hassett will be his own man. But he also happens to believe, as he stated many, many, many times, that rates are too high, that economic growth does not cause inflation. Right.

And Joe Lavornia, who’s also on Trump’s team, is a brilliant economist and obviously they’re working together on this. And so.

Let me ask a question for people that think that has, is going to be a pushover and lacks credibility and he’ll only do what Trump wants him to do. Let, let me, let’s, let’s, let’s go back in history bit here. How about, how about under Obama? Let’s go back to under Obama with his Fed chair. When, when did, when did his Fed chair.

[00:17:12]:
Hike rates? There was not a single rate hike in the Obama era. Not a single one.

It was nothing but funny money. Qe. Now Biden, how many rate hikes do we have in the Biden? None. Remember they had a rate hike at the very end of his term, Okay, A faded complete rate hike. But they were still keeping easy money and cutting rates when they were printing $7 trillion combination of, you know, government and monetary and, and, and qe. So they didn’t get those questions, did they?

No, not at all. Even when they were dead wrong, Biden and, and Jay Powell, you know, over a span of 4 months, no inflation to 41 year highs inflation. And we still had an easy money policy. So, you know, I’m not buying all of this. I’m telling you, my view is this is the deep state. They don’t want haccp. They know HACCP is going to get in there and very, very possibly completely change the Federal Reserve.

More transparency and that, that scares people. That scares a lot of very, very big time people. I expect the attacks against Hassett will pick up speed. I expect we’re going to see some very negative news stories about Hassett in the not too distant future. Everyone’s got skeletons, folks. I haven’t heard about Hasts, have you? Everyone’s got them. And this is why, you know, when you talk about, you go back to the Patriot act and being able to spy on everybody. Why do you think they wanted to do that? So they can control everyone.

So I think that, I think Hass is going to be the guy. I hope he’s going to be the guy. I would not be surprised if something comes out and they are able to push him out. And Trump’s bright enough to know that maybe that’s, that was always going to be the plan. I’m just saying I want, has it, I think, I think it’d be great for the markets. But it may not, it may not be Hasset because the deep state does not want Hassan the job. We’re starting to see that now with their, you know, their, their, their, their goons going out in the media and bad mouthing houses. So I’ll just leave that there.

But look, if Hassan doesn’t get the job, we’re probably going to get a bit of a sell off now, maybe short lived. But again the markets are building in Hassett. The markets want haccp, that’s pretty clear. The markets want easy money policy, that’s pretty clear. We should have much slower rates. Second, America is getting crushed, no doubt about that. But again the deep state doesn’t care about that. They care about control as we covered here often.

[00:19:55]:
My good friend G. Edward Griffin, I’ve seen him do his presentation on the Creature from Jekyll and of course I don’t know 20 times at our events with WMI, but my favorite one was the event that he was the speech he gave on the seven cartels that rule the world. And the number one cartel is the banking cartel. So now we’re talking about you’re going up against the most serious of serious people. It could, that could, that could get a little ugly, you know. But, but at the same time, Trump is not a wild man when it comes to monetary policy. He says what he thinks and he’s right, that rates are way too high, especially for this environment. And what’s happening throughout the country under Biden crushed this country for Four years.

Obama did the same thing. This has been a long slow meltdown for the second America and that must change. First America does not care. Interest rates do not affect the first America whatsoever. May maybe on the fringes. That’s it. Corporate America doesn’t care. They’re not borrowing money.

[00:21:00]:
They have record levels of cash debt to market cap at 50 year lows. I’ve been saying that now for three years, Todd. I’ve been saying for three years it’s probably 53 year lows now. So corporate America, first America don’t care. Second America cares. The broader economy certainly cares. And that’s why I believe where there’s tax, there’s somebody else. Once we get rates normalized and that means down by at least 1% where they are now.

We had to get 30 year mortgages down from the year around 6% back to below 5%. Yet you get 30 year mortgages at 4 and a half percent. I believe that’s where they’re going next year. High confidence call there, especially if it’s haccid. Okay? And we’re talking about a true melt up economy and for the right people, for the people that need it most because we are seeing the first America experience a lot of pain. You know, I saw this weekend a record number of Google searches for help with my mortgage. Right? These are the kind of things we saw in 2008. But folks, just hear me on this.

I’ve said this so many times. But for all our new folks welcome, I gotta say it again. If you’re listening to someone that’s telling you the next 2008 is around the corner, you’re listening to a bloody moron. You’re listening to someone that has no clue what they’re talking about. You, you cannot have another 2008 when the average home equity is more than 70%. It’s mathematically essentially impossible. Unless we have a global nuclear attack. I would think the rules of the game would change then.

You can’t have another 2008 when 40% of Americans have no mortgage. They paid their homes off. We learned from the financial crisis, we learned that we never wanted Americans never want to put themselves in a situation again where the banks can take their shit. And so good things came from that. And that’s why this is a structural bull market. You know, this is, yeah, this is a magical combination. Folks, hear me on this. This is the most confident that I’ve been in the markets in my 40 years.

Most bullish I’ve been again. I’ve said this many Many times over the years. This is the combination of a structural bull market with a very strong economy. First America, corporate America, right? Very, very strong economy. Liquidity at the wazoo. We’ve never had this much liquidity. 22 trillion empty money supply now almost $8 trillion. It’s sitting in money markets.

[00:23:22]:
People are loaded up with cash. $34 trillion in home equity. Again, these are all time highs. So we’ve got a structural bull market combined with an innovation revolution that is powering this thing. And it’s just getting started. We have a lot of great data on this. I wrote it this morning. We haven’t got to.

The IPO boom that’s coming. That’s coming, folks. Next year, mark my words. Next year will be the beginning, the beginning of the real melt up phases. We haven’t seen it yet. Next year will be it. The IPO wave is coming. This is the equivalent of 1996 when the IPOs really kicked off.

And guess what? One of the primary benefits we know tech stocks will benefit because the tech IPOs are going to be red hot. You see the one in China, the, the AI IPO in China is just going up 400% overnight. We haven’t had that here. That’s coming. That’s coming during dot com. We had several hundred IPOs that went up more than 100% on the first day. We had like 200 IPOs that went up more than 300% on the first day. We haven’t gotten to anything like this folks.

That’s coming when one of the primary beneficiaries of this is going to be Wall street and the banks again. We have a playbook to look back on and know this. From 95 to 2000, bank stocks, red hot bank stocks went up 300 to 500, 100% from 1996 to 1999. Just almost parabolic moves higher. And again, big Wall street firms, that’s when Goldman Sachs went public. All the big banks, look at the charts. They were all pair. But you had to be a real piece of shit if you’re a bank and not see your stock go up more than 100 to 200%.

Again, most were up much more than that even. Why’d they do that? Because here came the IPO boom, here came all these companies going public. And this is where they make their real dough, right? And then with that, what do you get? Mergers and acquisitions. And you get a lot of investment banking expertise. In other words, attorneys that are billing you $4,000 an hour. Banks love it. Wall Street Loves it. That phase starts next year.

[00:25:35]:
Let me repeat, if you’re listening to someone that tells you next year is going to be a bad year for the markets, they’re guessing and they’re going to be wrong. 30% SB, 550% NASDAQ. That’s been our call. We’re not backing away from it at all.

All right, what else today? I wrote up a couple things this morning, and I’ve covered most of it here. But let me see if I. There’s something I didn’t want to miss this here because I do want to get into our new crypto buyer recommendation. Oh, this. Okay. Again, if you’ve been swag, you know, this. We, we’ve. We’ve been the most bullish market strategist in America.

From the. Exactly. The bear market lows of October 13, 2022, we’ve had average returns of 38 and a half percent since then. But even with this, our own subscribers, our members, as we call them here, we have a great community here that’s gonna become even more the case next year. You’re all gonna see how it’s gonna change, and we’re really looking forward to it, getting back into doing at least a yearly event, right, where we can get together, you can meet the other people you work with. We got a lot of great alliances we have, and they can really help people, you know, and great connections. I mean, you know, we got some good people on our team here, good friends of ours that have developed, you know, relationships over the years. It’ll be fun.

It’ll be, it’ll be very prosperous. For, I can tell you, for people attending, we did some WMI and had a blast doing it. Anyway, you know, we got away from that. My partner, Carl Bessie passed away. And, you know, we also done it for nine years. I mean, when you’re doing your own events and you’re doing like four or five events a year, I’m telling you, it takes a toll. We loved it, but we were ready for break. And again, Carl passed away.

So that was the time to end that. It ended wmi. But anyway, we know our members pretty well. And I can tell you, as bullish as we’ve been, as right as we’ve been, at least half of the people that we talk to are concerned. They believe another big shoe is going to drop. There’s a lot of fear out there. And you would think as bullish as we’ve been, as right as we’ve been, you would think that people would be a little more relaxed and loose about this. They are not.

[00:27:48]:
I think it’s just again it’s ingrained in us from the financial crisis. The fact that we had post 9 11, you know, the, the fake news story of all time post 9 11, the next 20 years. 20 plus years frankly. But about to say 20, 20 years 2001 to 2021. That, that encapsulates the plandemic as well. The worst two decades in American history. The worst 20 year stretch in American history. There’s not a close second.

I’ve had this debate with a lot of people. They go what? That doesn’t sound right. We didn’t have a world war like really well, we had Afghanistan, we had Iraq and then we had all the other things. I’m going to go through the litany of the bad things that happened over that two decades. But you know, again Americans got screwed and we got screwed by the deep state taking America, building an America in the image they wanted it to have so they could get really wealthy. Right? And then we could become I guess as imperialistic as possible anyway, complete failure by and large. But they still got their money. Sickening, right? And again the fact that none of these people are behind bars, that’s, that’s, that’s in every book I’ve written.

And right in the first chapter. My wife did not like this at all. Do you want this book to sell Kip, or not? You put it in the first chapter that America won’t heal until the truth is known about 911 and the guilty are held responsible. You, you put that in the first of the intro essentially of every book. You know, you’re gonna have people that you just turn them off. I’m like, that’s not the point. I want to connect with people that want to, that see things as we do. Right? Or that open minded at least.

So seeing things, maybe, maybe they’ve never heard that before, but they’re curious, right? They’ve learned, they know the media’s lied to them non stop. And so that again that’s, that’s always been our approach here. So we get it, we get the bearishness, we get the anxiety and the fear and it’s everywhere. However, and this is the key takeaway at the same time this is the exact opposite of the investor sentiment we’re going to see at a real market top.

It’s a massive contrarian buy signal and, and I think everybody should be aware of this. There will come a time probably in about 3, 4 years at this pace where you, you won’t Find many bears. The fear factor will be gone. These sentiment surveys won’t be reading extreme fear, like, you know, the, the fear and greed index and others. And they won’t flip so quickly. We know what to look for here.

We’ll tell you at the time, but this is what we’ll look for when, when we see the markets go through a 3, 4, 5% drawdown. Let’s say this is again, this. It won’t be before three years from now that it takes too long to change the psyche, the fear that’s in people’s brains and bodies and Souls. But about three, four years when we have a, say, a 4 or 5% drawdown, but these sentiment indicators barely budge. That’s going to be a big red flag. And, you know, again, stay with us. We’ll take the time that that day will come. It does in every bull market.

But we’re just light years from that now. And that’s really the point I wanted to drive home today. All right. Okay. Let’s talk about our new crypto recommendation here.

Again. This is back mid October, October 16th. So again, just before bitcoin fell, this has fallen as well. We recommended our new. Just a quick background. Tyler and I first started buying bitcoin for ourselves at $600. We recommended Bitcoin at 2000. So we bought a little bit.

Get to know the story, getting more comfortable with it, be able to talk about it, research it, make sure it’s legitimate. And who knew at that time? I mean, you’re acting on faith, you know, you’re truly acting on faith. But by the time it got to 2000, title and I were so confident that we added to the portfolio. And we don’t just do that. We just don’t make a quick decision like that, not with something like this. Because everybody was. Most people were saying it’s a scam, you know, it’s tulip. And we just saw the people lining up behind it and the fact that money was flowing into it like it was.

We wanted to be part of that train. And we, you know, we’ve traded a couple times. You know, we’ve got net gains. It’s all, you know, know, in our, in our VRA member site, we have. This is all triple, triple timestamped. Every. We couldn’t, I guess we could if we wanted to be fraudulent, but I’ve done this 40 years. I’m not about to phony up some paperwork.

[00:32:21]:
But we, we call it triple timestamp because it goes out by email. So all our members have it by email. They could all verify everything we do if they wanted to. And do they do often? It’s in our member site. And then.

The third timestamp is.

Oh, we also sent another email, we recommend it. And another email with our official price. We bought it at. So again, triple timestamped and we’ve got profits of 2,280% in Bitcoin. It’s $10,000 investment turned into over $200,000 with us in seven years in Bitcoin alone. So we did our research. I think that was a pretty good call. We feel good about it and now we’re longing again.

Anyway, the point being it was volatile as hell. You know, we all know the history of bitcoin trading and you got to have pretty thick skin to buy this and that’s why you stayed properly diversified. You know, you just don’t put everything in anything. I see people talking about that, they’re doing it today and I just, I wish we could have dinner and I could just say it ain’t worth it because anything can go wrong with anything. At least, at least have eight to ten positions. That’s minimum. I really believe, you know, if you really believe in five things, fine, five, but have at least five to 10 positions where you’re diversified. And not just different equities, but different asset classes, right? Bitcoin, gold, silver, equities, housing.

I mean those are the ones you get. You get five different investments among those, you know, and just stay on top of things and think long term you are going to succeed. Especially in this age where everything that said inflationary related asset is rising and will continue to rise because the money printer ain’t gonna stop. It just can’t. It can’t. It’s only going to speed up and at some point that, yeah, that may be a problem. I don’t think so, frankly. I think they got a long term plan for that.

I think Trump probably before he leaves office is going to have a something, maybe something backed by gold, maybe something backed by a basket of gold and bitcoin and maybe that’s something is US Treasuries, maybe that something is US dollar and I think we’re going to have a complete monetary reset. That’s, that’s my view. And I think that’ll be his, his, his swan song. I think that’s what he’ll do toward the end, I think toward the end of his, of his presidency. That’s my call.

Because all the wheels are emotions sure seem to be, don’t they? So we recommended on October 16th. Again, Bitcoin’s falling now some. We recommended a crypto called Betenzer Bit Tensor. It goes by Tau. That’s the. What do you call the. Not the symbol, but the, the coin if you will. They call it Tao.

Tao. And again, it’s Bittensor. And it’s remarkable. Okay, we recommended it. $405 it is now. Last trade.

Is 2 87. Excuse me. 275 last trade. So you know, we’re down. What is that called? $130.

A towel from the recommendation in mid October. But again, you know, I think, you know, the space, you know, that that’s really nothing. That’s how these things trade and we just keep stacking and we really are. This is a phenomenal story. This is the most interesting cryptocurrency that I’ve seen.

And it’s more interesting to me than bitcoin. Now Bitcoin, of course, is the granddaddy of a mom. Not saying sell your Bitcoin to buy towel or Bittensor, but I’m saying take a look at this. I think you should. It’s the bitcoin of artificial intelligence. The structure of this thing is so freaking interesting. Okay, first of all, you can’t buy it. It’s not an etf.

You have to buy it like through a, like a Coinbase account or another crypto brokerage firm. Okay. However, and this is interesting, Grayscale, you know, massive, you know, industry leader Grayscale filed a Form D on Bittensor about two months ago, I think, roughly. Okay. And that, that’s the first step to, to launching an etf. That’s what they grayscale does with every coin that they back. This is the process. And so that, that was a, that, that, that sent.

[00:36:35]:
That sent potenzer to over $500 on that news. And again now we’ve had the bitcoin seller. So it’s come back down some, but they expect to have their ETF launch in the first quarter of next year. I think probably February, but again, first quarter of next year. That’ll be, of course big. It always is. Bittensor has been around four years. It’s not brand new.

But here’s the thing. Potentra has real utility.

Kip Herriage [00:37:04]:
Most coins don’t. They’re just a coin.

This thing has 126 right now. It may have more now, by the way, they call sub subnets, right? Currently has 126subnets, which are essentially individual companies inside of it. All separate.

All completely separate. But there’s no corporate structure. It’s an open source protocol, it’s decentralized, it’s blockchain based, it’s a machine learning network. It’s got all the cool phrases right. These AI models collaborate, train and then they get rewarded based on their contributions to the system. That’s how all of these subnets work. So the token, the token tau, right. Versus represents all of that.

It’s all under that. And here’s what else is interesting. And by the way, some very, very cool things that they do. They do trading programs. They have.

I mean it’s, they just sports, sports betting predictions. They have. Again, you can go through the list and look at the subnets and what they do is it’s fascinating. Some work, you know, some won’t work, but the ones that work could be really big. But think longer term because there’s no limit to the number of subnets. Again, individual AI companies working inside the Potenzer model, there’s no limit to the number of subnets that can be in it. If you don’t produce, you don’t stay in it. Right.

[00:38:34]:
They have to produce. They each have to have their own utility. So you have utility on top of utility. Fascinating. Is not also. And this is very big. This is, this is, this is one of the, this is the thing. I looked at it go, okay, I’m in just for this.

I’ll buy some. I will not buy a cryptocurrency that does not have a supply cap. This is why ether and most of the others I have no interest in. They could just print, print to oblivion. It’s like the US dollars keep printing, printing, printing. And I don’t. Where’s that money going? I’m very skeptical of those. Very skeptical.

I won’t own them.

Potenzer has the same setup as Bitcoin. 21 million supply cap. They do havings every four years, just like bitcoin. And guess what? The first halving is coming up in like a week. This would be the very first one. And if you remember your history about bitcoin, Bitcoin’s biggest moves came just before the halving and then like 18 all the way to 18 months after the having. We’re talking about like 5,000% returns, right? And in like a year and a half. Tyler’s got the data, but it’s Tyler Sam had the data better than me, but that’s, that’s, that’s, that’s roughly right.

Kip Herriage [00:39:44]:
So it’s got all the big advantages of bitcoin, but it also has the Utility of these subnets working beneath it now it’s also got a lot of big time people. They’ve already raised 600 million in VC funding. It’s been invested into this. You’ve got firms like Polychain Capital, Digital Currency Group that was founded by industry legend Barry Silbert Dao fives in it and again Grayscale now backing it. Okay, I’m trying to oversell it. I’m just trying, I’m a passionate person and I, I, I, I, I, I love it. I love Tao, I love Potenzer. And we’ve, we’ve, we’ve now called it, it’s now labeled in, in our, in our terminology as a VRA10 bagger.

Kip Herriage [00:40:28]:
I believe that Potenzer in the next my call is this, in the next two, three years this will be a 10 backer. Now again, what is it now what I just say.

Kip Herriage [00:40:41]:
What is it? 200 and last trade 275. So in within three years it’ll be to call it $2800. And that’s just the beginning. The this is again, I’m just telling you what I believe. Things could change and if they do, I’ll be the first to tell you. I also be the first to apologize and admit I’m wrong. Right. I think this is going to be a 30, $40,000.

Kip Herriage [00:41:05]:
Coin.

Kip Herriage [00:41:08]:
You know, 10, 10, 15 years maybe. I think people investing here are going to make a lot of money in this. Take a look at it. There’s a great documentary, there’s a great documentary on Betenzer that I really recommend. Watch it this weekend. It’s not long, it’s like 51 minutes long. And it’s all the principals, right? The guys that. Not the inventors.

Kip Herriage [00:41:29]:
Not in this documentary. There’s two inventors, one ex Google guy and somebody else, I didn’t know his name. But it explains exactly how potential works and.

Kip Herriage [00:41:41]:
What their methodology was for constructing this thing. Again with all the advantages of Bitcoin. So there you go. Bittensor or Tau again, you can find it almost. You know crypto brokerage firms we use, we generally speak, we have no relationship with Coinbase. Don’t make any money from this. Generally speaking we recommend Coinbase just because I think it’s, it’s proven to be a legitimate reliable and, and so far, you know, hack proof. Right.

Kip Herriage [00:42:08]:
Kind of important. Right. All right, let’s take a look on the hood today.

Kip Herriage [00:42:13]:
Kind of what you’d expect. Again, a lot of people are front. I really do. I think a lot of people are Front running this, this next week. I hope they’re wrong. I don’t want to see any, any declines next week. But boy again would it not set us up perfectly right for for the end of the year and the move in January as we expect NYSE volume today as you advance decline both slightly negative. Not a big deal.

Kip Herriage [00:42:39]:
Negative like 300 issues volume today NYSE volume was, was a down volume of 56.2% up volume of NASDAQ was 51.4% and we had 365 stocks in the 52 week high to only 100 hitting a new 52 week low. Turtles have been far better than of course they were in that rough stretch. Sector watch today, what is this? Five sectors finished higher. Six finished lower. Really nothing either way to the upside down. Utilities up down 9. Excuse me downside utilities down right at 1%. Communication, communication services up right at 1%.

Kip Herriage [00:43:15]:
And our commodity watch today.

Kip Herriage [00:43:18]:
Again Gold open higher today. But again look at the chart. I mean it’s, they’re all extended. They’ve all, all of these leaders that have kind of you know brought a research to this market in the last couple of weeks. Well you know they’re all a little soft here. Gold down 50 bucks. 15 bucks announced. It’s only 3.10 of a percent.

Kip Herriage [00:43:38]:
42.27 yes, we continue to love it. Silver just what a champ. Up 2.3% today. Last 58.81 hit 59.89. Intraday today just been absolute beast. We think that move continues. Copper, it’s silver’s time. Copper up 1.5% at $5.45 a pound.

Kip Herriage [00:43:58]:
Crude oil today, good day for crude oil. Down up 810 of a percent. Last trade West Tex Intermediate of $60.14. And finally the day Bitcoin again back down below 90,000. Last trade 89,001 37. I haven’t said this a while so let me repeat. We’re still going to be recommending bitcoin at a million dollars. This short term volatility.

Kip Herriage [00:44:21]:
I think most of us have gotten used to this. And again that’s the beauty of being properly diversified because when you have one thing going down, your others are going up. I mean not always, you know, it doesn’t always work that way. But proper diversification is so important to having not just a healthy portfolio but a healthy brain. You know, so you can sleep at night and have to worry about every tick of something what it does. Right. That’s really saved our bacon over the years. Could not recommend it more and everybody, every single person can diversify to some degree, right? So.

Kip Herriage [00:44:53]:
So give us some thought as folks always appreciate you listening. Hope you had a great day and even better weekend. We’ll see you back here again Monday after the close.