least scarcity that's why i invest in bitcoin the idea that there can only be NUMBER_TOKEN million mind and the fact that NUMBER_TOKEN NUMBER_TOKEN dogecoins are printed every single minute to me it takes away that reason for why i would invest now granted you have certain ones that are used for transactions salon is really impressive in that respect um so there are different ones like that that that have factors and reasons to invest but for me you know i'd be dogecoin would be the one i would stay away from and then you know actually recently solana dipped to NUMBER_TOKEN bucks and i did a little buying right in the you know in that area okay and lynn so i would fade anyone that's based on a meme uh but you know its fundamentals are inherently fetish so that would include dogecoin uh any of the other dog monies that that are out there uh any any of the ones that are based on memes uh more broadly i think that every um cryptocurrency outside of bitcoin uh has a lot more risk than bitcoin in the sense that uh they are generally um have a lot of attributes of unregistered securities essentially that you know basically the sec is exploring to what extent uh the ecosystem a lot of those projects passed the howie test meaning that they raised capital with the intention of improving and increasing the value of their tokens which means that they are securities and many of them did not register as such and so there's regulatory pressures in addition i mean if you look at the long history of of bitcoin's existence generally you have these waves of all coins that do well during bitcoins bull runs but they're rarely the same all coins that stick around and do well next bitcoin bull run right there's only been a handful of ones that actually stuck around for a few cycles and so generally you're really kind of going against the odds of picking one of the thousands of cryptocurrencies that has staying power from more than a trade uh and so for the vast majority of people that are not professional traders or just you know putting kind of casino money speculation uh about you know you can treat them as lottery tickets you can treat them as as tradable you know securities um but i would just be very cautious for people that are say trying to do something like hot old dogecoin i think that doesn't end well for most of the members of that okay now stay tuned for the end of the interview because we are going to reveal your top trades or top most bullish trades for this year i want to move on to stocks and the broader macroeconomic landscape now i'm just going to start with this question are we going to see a major market crash this year gareth let's start with you uh i don't know but yeah yeah so you know yeah coming into the end of the year we talked and i was very very bearish i had that upsloping trendline uh channel that that i said would break and it has broken to the downside and one of the issues i have with the market and this is why i'm still bearish even though i expect a small market bounce here is that if you look at the trend that started after kovid so after march of NUMBER_TOKEN the vertical nature of it is so much more vertical it's basically the market on steroids because of what the
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