ETH Pump Watch Party w/ Udi Wertheimer

So let's recap quickly because this has just been a bit of a wild afternoon.

We were going to pre-record, but we had to go live because there's too much happening right now in the markets.

It's like a heart attack of green.

So this whole week, everyone was depressed.

It was going to be over again.

Selling, selling, selling.

Powell was going to nuke us even more.

And then Mr. Powell came out and turns out he's, you know, a dove, as we always say that he is and has opened up the gates.

Everyone's expecting a rate cut now in September.

And he's basically saying even this 2%.

inflation target you know

who who came up with this two percent anyway it's just arbitrary number maybe maybe after all these years you know i

feel like you're being generous you're saying that people expected him to be um okay sure whatever i most people i've talked to in crypto they haven't expected it they they didn't realize that this is happening today it is they're like this is happening because the treasury companies are compressing and collapsing like no it's not what are you talking about there's liquidity leaving every single market on earth right now and and ahead of friday are you like unaware of that just like is this something you don't know and uh yeah but yeah

Well, one thing's for sure, as Hugo says in the chat, probably Vicky's having a heart attack right now.

Remember, he was trying to get an entry at $200 on ETH.

He said he'd

buy $200.

I met with Vicky or talked to him, and he said $1,000 is when he'd buy ETH.

And then when we got to like $1,800, he revised that down to a couple hundred dollars.

But I hope

he's logged.

So this is a huge macro move in general.

We are seeing the S&P up 100 points.

I think it's touching all time highs now, like near 6500.

NASDAQ up same amount, dollar down 1%.