Ivan on Tech analyzes Bitcoin's October outlook and reviews multiple altcoin trends
Solo crypto presenter Ivan on Tech reviews Bitcoin's current price action, assesses bullish signals across multiple altcoins, and discusses broader market narratives.
Summary
Ivan on Tech presents a bullish outlook for Bitcoin and the broader crypto market entering October, arguing that recent price weakness is normal and that the overall trend remains intact. He reviews multiple altcoins — including SUI, XRP, NEAR, Injective, Pengu, Render, and Fetch — identifying new bull trend flips using his mechanical rules system. He argues strongly against following narratives as a trading strategy, contending that Bitcoin adapts to whatever narrative is convenient and that only trend-following with mechanical rules produces consistent results. He also covers Grant Cardone's shift toward Bitcoin accumulation, NFT market optimism from industry participants, and an extended review of AI and tech stocks (including AMD, Nvidia, Meta, Palantir, Intel, and others), before closing with Q&A on topics including solo founders and distribution strategy, portfolio allocation, and position management.
Ivan expresses the view that $500,000 Bitcoin this cycle is a real possibility, while emphasizing he will ride the trend wherever it leads rather than targeting a fixed price. He rejects the diminishing returns thesis, comparing Bitcoin's roughly 20% gain since the 2021 high to NASDAQ's roughly 70–80% gain over the same period, arguing Bitcoin has significant catch-up potential.
Key Takeaways
FULL TRANSCRIPT
Bitcoin's October Outlook and the Importance of Having a Plan
Ivan on Tech: Guys, welcome to another episode. Right now, Bitcoin is currently down slightly — we're down towards 82. And people are asking, "Ivan, what's going to happen? Will we keep going up or is the party over?" Now that we're entering October, is it time to be bearish? Because October in some cases is bearish, in some cases bullish. Let's see if we get a Pumptober or not.
Here's a very important picture I want to show you: everyone has a plan until they get punched in the face. That's from Mike Tyson, as you remember. But the thing is, in crypto it's the same. When things are going up, when things are pumping, everyone is so cocky. They have a plan. They're going to ride the cycle. They're going to sell at the top. Of course, as always, you're going to sell at the top yourself. But that's how it feels for everyone. Then as soon as we have a bit of down, people are concerned. People are coming to me saying, "Ivan, please help. Ivan, look at the charts. Please analyze."
As soon as there's a bit of down, you have people looking at the Dow, saying it's a rising wedge and it's going to go down and take crypto with it. As soon as there is a bit of down, people are saying, "Oh, now with the oil, with Iran, everything is so bad." As soon as there is a bit of down, you have Benjamin Cowan coming out saying that yeah, maybe it's going to go up, maybe it's going to go down, maybe this and that. Stock market correction — he's now saying it's going to happen. He said that he was wrong, but now he's saying still maybe we're going to go down. Maybe.
Guys, you need a plan. You need to follow a plan. On this channel, we're probably the only channel that has a steady hand on the situation. You have volatility happening each and every week, each and every day — not only in Bitcoin. On YouTube we mainly speak about Bitcoin, but if you learn the mechanical rules, you know that you have a plan for any chart, for any asset.
You remember a few weeks ago at the beginning of September we had the red week. People were freaking out so much. It was crazy. Now we have a bit of down and people are freaking out again — the same people who had such a nice wonderful plan just yesterday, two days ago. So at the end of the day, without a strategy, without really internalizing how the market works, it's very hard to stay sane. I totally get that, because as a wrecked pleb just following influencers, watching YouTube and Twitter, trying to time the cycle over and over again, you have the wreckage that is inevitable. You have all the information and yet you still have the wreckage, which is inevitable because you yourself don't have an internal understanding of the market.
Altcoin Bull Trend Flips: SUI, ADA, Polkadot
Everything is literally the same as last week — meaning it's bullish, meaning that we have held the high. We closed above the May high. Okay, we're still above the May high. And actually things are pointing upwards for many assets. Bitcoin is obviously super bullish. It's the main asset and it's going to be the driver behind all of this, and we're going to ride it.
But there are some new flips. For example, SUI, guys. We are now officially bullish SUI. Like I said on Twitter — you get the banana zone, you get the global M2, you get all of these narratives. But the banana zone is 80% cheaper now. There was a certain guy who was saying "banana zone, banana." Listen, it's the same banana zone, the same global M2 narrative, but instead of buying at $4 — which many people piled into SUI at in the last cycle in October last year — now you get to buy in October this year at $1. It's like a dollar store. I bring you the dollar store in the crypto market. I give you an 80% discount on your favorite M2 banana zone coin.
And not only do I give you cheaper SUI — it's also better SUI. SUI now has more and better stats than last year. They're coming back from a fundamental perspective. So SUI is bullish. We're bullish SUI. Fantastic. In a bull trend. Very, very good.
Let's see if some other coins have flipped. Tron — not flipped yet on the weekly. Gram — trying, but not flipped yet on the weekly. Pengu — already flipped back in August, up almost 100% since the flip. ADA — let me check. On the dollar, it did flip. But in this situation you have to be a bit careful because it's right on the dollar. So you have to check that the charts agree across exchanges. On Coinbase it also flipped — that's good. But on Binance it did not. Ideally what I would like to see is it closing above on Coinbase, Binance, and Kraken — the biggest exchanges. I don't care about your random Chinese exchange with fake volume. Binance, Coinbase, Kraken — they need to agree. So in this case, wait for Binance to close. If bullishness continues, it should happen probably by the end of this week.
Polkadot — bullish close. Let's see if the bull close can come back in this season. Don't worry too much about use case. I need to remind you that in the bull market, everything is kind of a memecoin. Whether a chain is used or not is slightly secondary, because Dog With Hat had no use case and still pumped a lot. All of these dinosaur L1s — if they get into a bull trend, the pump is the reason for further pump. Pump begets pump in a bull market. You're going to have some kind of narrative come up to justify it later. Pump first, justification later.
We're very creative. You remember the metaverse in 2021 — everyone was going to live in the metaverse. First give us the pump, then we're going to explain it. And sometimes we get the big bankers to believe us. Look here: "The metaverse could add three trillion to global economy within a decade." This was from 2022, literally at the peak of the crypto bubble. All of these metaverse coins were pumping and the media was saying we're going to add three trillion. In a bull market, we're going to create justification. Don't worry about it. We even got Zuckerberg to believe in it — he invested hundreds of billions. But it was justification for the coin pumps.
Bitcoin ETF Inflows, Michael Saylor, and the NEAR ETF Listing
Michael Saylor is hinting that he's going to buy more Bitcoin. Bitcoin spot ETFs recorded a net inflow of $2.3 billion last week — a lot of inflow. And there is a certain coin that is going to get an ETF. I think it's tomorrow the 29th — that's NEAR. So keep an eye on NEAR, because if you want to have it in your brokerage, you can. It's up 100% since the bull flip back at the beginning of September. And now they're going to have an ETF, and even more boomers can put their money into it in their pension or whatever. More inflows should happen. Just follow the trend.
Why Narratives Don't Matter — Only the Trend Does
Bitcoin has seen strong ETF inflows last week — $2.4 billion in a single week is massive. Money is coming into this industry and that's very, very good.
Now, looking at the trajectory for this cycle — I know it sounds crazy, but there is a possibility that we go to $500,000 this cycle. Most people don't believe it, but I think it's a very real possibility. I don't believe in diminishing returns. Why? Because tech is accelerating. Look at AI stocks. Look at the whole stock market. There is no diminishing return. Look at Nvidia. Where's the diminishing return?
Don't worry too much about the target. I think it's very possible we go to $500K. We're going to ride the trend until it ends. Maybe it goes higher. Maybe it goes to $1 million. We're just here to ride the trend. But $500K would make sense given the proportion of Bitcoin's value to the stock market. The stock market has increased a lot. Bitcoin hasn't really increased too much since 2021. If you look at the peers — the NASDAQ, the QQQ — from the 2021 highs, NASDAQ is up like 70–80%. Bitcoin is up about 20% since 2021. So the outperformance of NASDAQ has been almost four times more. For Bitcoin to just do something similar to NASDAQ, you have to have way more pump.
I don't believe in diminishing returns. This is an expanding world. We're expanding the economy. Just like Bessant is saying, we are entering the acceleration phase. The money is printed, it's earned, it's rotating at such a velocity. Look at what's happening with AI, how much they invest.
And you have the downside protection. With mechanical rules, you have the downside protection as well. Let's imagine the doomers are correct — I don't really care. We're going to hit our exit signal and we're going to exit and put the money into money market, which is at super high interest rates now. Very simple.
That's why I love Ben Cowan but I don't agree with how he approaches his work, where he says that he was wrong. Because for us, it's impossible to be wrong if you have a plan for all scenarios. We go up — good, we ride until the trend ends. If Bitcoin goes to $10 million, we're going to ride to $10 million. But the downside is cut. The only way to be wrong is if you get liquidated, if you didn't manage risk and lost all your money. Otherwise, we have all bases covered.
The noob is going to tell you, "Oh, but Ivan doesn't want to double down or be clear or decide." That's the noob, because the noob wants clarity. He wants me to tell him I think we're going to do this and nothing else. But no one knows the future. No one knows the future. We can only ensure that we're in a good position no matter what. We're good if it pumps. And if it dumps, we keep the money, put it in the money market, get 5% yield per year until the bulls return. We have everything covered.
Pengu, XRP, Injective — Chart Reviews
Wouldn't it be nice if Pengu pumped? Let me show you what Luca is saying about the biggest quarter in the company's history.
Luca (Pudgy Penguins): "I think one of the few things that hasn't been executed on properly yet in crypto is crypto gaming. I think this cycle someone is going to crack that and there's going to be a mainstream game on crypto rails, because it just makes sense. I think Pudgy is well positioned — you guys have the biggest IP."
"We had a game, but unfortunately, really no fault to us, it didn't work out the way that I wanted it to. We have another game still, which is Pudgy World. You guys should check it out. It's a really amazing, sophisticated browser build that we got a lot of credit for.
"What's next for Pudgy — I'll tell you this: our biggest quarter of all time in the history of the company. We've probably been through 16 or 17 quarters now. Our most important quarter is this quarter, for a lot of reasons. These next four or five months are the biggest. So much of this company's future — and this might seem a little dramatic, but I've been saying this for the last six months — this Q4, all the partnerships, everything we're going to show to the world, how big we're betting on retail, how big we're betting on direct to consumer, some of these deals we've been working on — it all comes together. You're going to have a really clear picture by the time the year is over in terms of where this is trending."
Ivan on Tech: Luca is saying the biggest quarter, the biggest everything. Let's see if the chart agrees or disagrees, because as always, you can have a good narrative, but at the end of the day the chart has to deliver. Let's check Binance — Binance bullish. Keep an eye on Binance because that's where a lot of these coins need to confirm. I remember back in August, Pengu went bullish on some exchanges but not on Binance. Now it's gone bullish on Binance. LFG. 400% to the previous high. Let's see if this is the longest short. All in all, Pengu is preparing.
Now XRP. "XRP's big moment is October — 4.7 quadrillion DTCC tokenization launch." Ripple and XRP included in the DTCC. When I see a gym bro in a Gymshark shirt pitching me XRP, I get a bit worried that the bull cycle is over. But okay, let's check the chart. 145% to that high. And yeah, the XRP chart is actually very strong. You see here at the 200-week moving average it got support — we discuss a lot in Bullmania that it's a very good price to buy. It got support at the 200-week, then boop — up, up. Very good. Overall a very nice upward trend. XRP as a chart is lovely. It's in a bull trend. Lovely, lovely, lovely. Voyage voyage — 130-something percent to the high. Should we break it, we go into price discovery mode. LFG.
Let's check Injective. You do have a bull trend — up 12% since the flip. Very good. It has a bit of resistance now, so potentially it's going to be a bit down in the coming days. But all in all, it's still a bull trend. Should it break the resistance, you have a nice voyage — 600% voyage. Now, I just want to tell you that we are now bullish and it's down 86% since the peak. So I give you an 86% discount on Injective. It became bearish in October last year, became bullish on Bitcoin in July this year. Start to accumulate now. Heavy bull once we have the bull trend. So nice. And now we have voyage.
Bitcoin as a Narrative-Agnostic Asset
Bitcoin is starting to trade like a risk asset again. Last month the breakout happened alongside gold as the debasement trade took over. This is the best thing with Bitcoin — whatever the narrative is, it adapts. If it's the debasement trade, we compare to gold. If it is the AI buildout trade, we compare to the stock market. You can shove Bitcoin into any narrative.
That's also why narratives don't really matter. What matters is just the trend. If the trend is bullish, we're going to shove Bitcoin into any narrative. If the trend is bull and gold dumps, we're going to say Bitcoin is replacing gold. If the trend is bull and gold pumps, we're going to say it's the debasement trade. If the trend is bull and the stock market dumps, we say Bitcoin is replacing the stock market. If the trend is bull and the stock market pumps, we say Bitcoin pumps because it's kind of tech. Imagine being the pleb that trades the narrative. Imagine following an influencer who tells you about the narrative, and then you wonder why you lose money.
Some players lost 80–90% of their money following the M2 narrative. The M2 narrative is the same now as last year, but SUI is 80% cheaper. The same banana zone, the same narrative — just 80% cheaper. Always the trend. Always the mechanical, beautiful rules. That's it. So simple, but for most people, life-changing.
Crypto as Serious Finance Infrastructure
Imran is saying that currently it feels like we're bottoming on the era where the world perceives crypto as a joke or scam, and entering the era where the world starts taking crypto seriously again. This is going to be super interesting.
There are interesting announcements with crypto products. There's a company that just announced something interesting — that you can launch your own new bank, primarily running on crypto rails. Basically, you can copy Coinbase more or less in one click and they'll provide you with the infrastructure for cards, for payments, for everything, and you just put your own branding on the bank. Neo banks are great businesses. Today you can create your own in minutes — all possible due to crypto rails.
So theoretically, we could launch a new bank. We could eat Coinbase alive. Bullmania Bank. But the way it works is they integrate the crypto stack, they integrate Plasma. Let me pull up the Plasma chart. It's super bearish on the weekly, but on the daily this thing could go bull anytime. It has a nice bottom formation — a lot of sideways, a lot of chewing through the bottom. Should it go bull on the daily, keep an eye. It still has to close five days above 0.10. Then Valhalla. Keep an eye on Plasma.
Now, the problem with launching a new bank — it sounds great, but the problem is the support and that you don't make too much money. You really need volume. If you run a new bank for plebs, you're going to get so many questions. "Oh, why didn't KYC pass? Where's my source of funds?" I just see a bunch of headache. How much fee can you charge? The pleb doesn't have too much money. So it sounds amazing in one way, but in the other way I'm just thinking about how much headache it's going to be to run this thing. It's an interesting proposition, but if you think one step further — how much money will you actually make versus how many complaints you're going to have? Interesting, interesting.
Q&A: Position Management, Near Re-entry, and Portfolio Allocation
Someone is saying: "I made a mistake exiting my NEAR position to take 30% profit and wait for a pullback to re-enter. Should I re-enter into the same coin or a different one?"
It depends on your plan. Taking 30% off the table — it depends who you are. This kind of question is one for a one-on-one session because it depends. For some traders, taking 30% off the table and letting the rest ride is a totally valid way of trading. You have a position, it pumps, let's say you have a double — you can take 30% off the table so you have cash captured, and then you ride until Valhalla, theoretically to infinity until the trend stops. There's nothing wrong with that. But if you had another goal — if your goal was to go all in and ride NEAR into infinitum — then you have to reconsider your risk-reward.
This question is like going to the gym and asking how much you should bench — how many reps, how many sets. Who knows? You need someone to speak to you properly. I can tell you it could be smart to re-buy. It could be. It depends what your goal was. Are you close to retirement or not? Are you diversified? What's your risk tolerance?
Let's say the Iran situation, all of that noise that goes around — let's say it becomes true. Let's say oil and the stock market go down. I have a plan for that. I'm going to be okay. The exit scenario is going to trigger and we're going to put the money in bond yields at 5% per year and we don't do anything. We just relax. For you, if you're all in NEAR and it happens, I don't know if it's going to be great. Everyone has a plan until they get punched in the face.
Would you rotate completely into crypto or keep some in stocks? Personally, I don't rotate completely. In my position, I want my portfolio to grow — I have a long time horizon, I'm far away from retirement. At the same time, I'm also into wealth preservation because I've worked very hard since 2013. I've been in crypto studying it, learning it, going heavy both in trading and in education. So for me it's a bit of both. It depends on where you are in the journey — whether you're in value creation, wealth creation, or wealth preservation. I have a hybrid. I have a lot of time still in case the market moves against us. Let's say we have a great depression or whatever — I have time. If we have a pump, which is more likely, I will capitalize.
NFTs, Onchain Activity, and Early Cycle Signals
And another thing — NFTs. Just like Anom has been preaching. Listen to this.
Speaker (industry conversation): "I think NFTs — I think people are going to do a lot of creatorship with NFTs this cycle. I do. I think even the art NFTs are going to come back. We saw that Jack Butcher did pretty well. He launched like an eight dollar launch through X Money which did well. I'm bullish NFTs, so I don't know what to buy. I bought some of the identity NFTs. The dude Surf Code Repeat is building this launchpad, kind of like a swarm of agents thing. I do think there's going to be a lot of experimentation with NFTs."
Second speaker: "Yeah, they did the FWB. Just need more experimentation. FWB didn't work out it seems like, but you know."
First speaker: "What's that? I'm bag holding that actually right now. I'm down on this. It's like 16 mil. Yeah, I'm like up a little bit. But yeah, I agree. I think FWB is another cool one. It's also super early. Like it's only been what — two months since FWB launched? It's been what, like three months or four months since the bottom of crypto. We're still very, very, very early to all the onchain activity popping up. There are still people who don't even know crypto is up. If you ask a random person on the street, they probably don't know what Bitcoin's trading at right now."
Ivan on Tech: Yes. Early. We're not late. We're not late. Basically, now is the time to be bullish. Bitcoin flipped a few weeks back, went to the moving average, got the support, then the bull flip happened. Now we're at around the bull flip, actually a bit higher. But altcoins — it's only now that they're flipping bullish. Most altcoins have been bearish and only now they're flipping bullish for the first time since Q4. So yeah, that's that.
Stock Market and AI Sector Review
In terms of stocks — MicroStrategy up 18% since the bull flip. Circle — a lot of volatility, going to go down about 4%. Also a new bull trend. Let's check the AI coins. Venice — still bullish. Fetch — now bullish for the first time since January 2025. This Fetch thing, which is now rebranded to some consortium, bullish for the first time since January 2025. Very good. TAO — bullish, coming back to the previous flip level. Good risk-reward because it is bullish but had this pullback after becoming bullish, and now it's back to that flip.
Let's check robotics. There's a robo strategy if you're interested in robotics. New bull trend, very good. It's a new chart, so it's a bit weird with the trends. When the chart is this new, you want to be using lower time frames — the daily or even the hourly. On the hourly you're going to have proper trends. We need to see the price action.
Let's check the AI trade more broadly. SanDisk — this thing collapsed, went to the flip level, seems to be getting rejection now. But should it go bull, potentially the AI trade is back. ALAB — bear trend. Intel — bear trend but actually going to open bull. So Intel did manage to recover. Let's see if it can sustain. Micron went all the way to the flip, now getting a bit of rejection. The whole industry is getting tested here with AI — can it go bull trend or not? Because should it go bull trend, it could have another leg up. Marvell is also going to go bull. Keep an eye.
But all in all, for us crypto is the focus. Personally I will put a bit into this AI stuff, but my thing is Bitcoin and crypto and the altcoins, because altcoins are going to run way faster. It's all about the fastest horse.
AMD — kept the bull trend, up 157% since the bull flip and just continues. Nvidia — technically bullish but sideways. Amazon — just sideways since forever. Meta — sideways since January 2025. All of this block right here has just been sideways. Sideways is not good to trade because you're just going to get chopped out. Meta has been super choppy. But that could easily change should we start retesting here, which we're kind of doing now. Should it break above the previous high, we could get another leg. What we want is another leg for max capital efficiency. When it goes to all-time high, that's when you have the clear signal that a new leg is very possible. Keep an eye on Meta — from the stock perspective it's looking interesting.
Google is bearish. Tesla is bearish. Palantir is bullish and maybe goes all-time high. Keep an eye here — it's at resistance now. Obviously when you go to new all-time high and break the old all-time high, there's big resistance. Should it break it — Valhalla. New leg up.
SpaceX — bullish on the hourly. A bit sideways. Still bullish on the daily. But the daily is too new of a chart, so check the hourly.
Guys, crypto is where it's at now. Crypto is the next big thing in the market in terms of the runners. What's going to run fastest? I think it's crypto.
Render, Quant, and Chart Analysis
Render — new voyage. A bit of resistance here, but the overall potential just to go to the previous highs is quite good. 600% to go to the previous high in 2024. Not bad. That would be the bet for the coming quarters. You still have a bunch of resistance to get through, but overall a new bull trend for the first time since January 2025. The risk-reward is quite good. Overall, if you think about this chart a year from now, the chances are it's going to be way, way higher.
Quant — just now flipped bullish. But in terms of these big pumps, we have to go to the daily time frame. This thing flipped bullish but it's super high volatility. It needs to close five days below the flip level at $226 and then it's going to go bearish again. But it has five days. Let's see what's going to happen.
All in all, these big fat pumps — when you have a god candle like this, I get a bit suspicious. Is it a market maker? The bull-bear trends work in human psychology. It's human psychology that when things are going up, they tend to continue up. If you have a low-liquidity coin where someone just pulls up a big fat candle, I'm a bit more concerned. Let's zoom out and see what's happened here. I mean, overall the chart is not bad. It's been sideways here for ages since 2021. This pump right here — I wouldn't chase it. It's already at these levels. A few insiders got in here. It's not a tradeable thing when you have a god candle.
What is tradeable is a recapture of a new all-time high. That's tradeable. When you go to new all-time high after five years, that's quite big. But the pleb is always worried — "Oh no, I missed it." How would you know? Are you an insider? No one knows when the market maker clicks the button. Only the team, only the insiders — and sometimes not even the team knows. Sometimes it's only the market maker that accumulates and then moves the price. But what that can lead to is a real sustained movement with market participants joining in, and then you have clarity and TA kicks in for real.
TA obviously does not work if someone just draws the chart how they want. TA is market psychology, mass psychology. If someone just draws the chart manually, there's no TA. TA works when it develops into an actual trading market with supply and demand, price testing different levels, and buy pressure coming in when it goes back and retests a level. That's when TA works. One such example would be if it manages to go above the high — because then you see it pumped, got rejected. Can we see real buy pressure now? Can someone step in here for real? That would be a good signal if traders start coming in, it tests this level, retraces, finds a higher low, new buyers come in — then you know it's a real market.
Grant Cardone Goes All-In on Bitcoin
Now let's listen to Grant Cardone. The person that the Bitcoin pill got — it could have been me, actually. In 2017 I interviewed Grant Cardone on my YouTube channel. It was November 2017. Very good time. Now, almost 10 years later, Grant Cardone is saying he is all in Bitcoin and his main goal is Bitcoin, not real estate. Listen to this.
Grant Cardone: "I've only been doing this for 11 months. I think I'll be at 10,000 coins by the end of the year. The goal used to be to have 100,000 apartments. Now the goal is 25,000 pristine apartments in perfect locations and 10,000 Bitcoin. And it's easier — it's easier to do this model that I'm doing now. Every seven or eight or ten years, I don't have roofs and plumbing problems and siding problems and paint problems on at least the portion of the Bitcoin. I certainly have it on the buildings.
"When I met with Michael, he says, 'Grant, you know, you're not even going to want this real estate at the end.' I said, 'Dude, I appreciate you, Mike. You're a genius. I love you, bro, but — wrong.' I have real estate that will be around longer than Facebook. A hundred years from now, someone will live in it, someone will pay rent. The rent won't be four grand, the rent will be fourteen grand. The rents are going to continue to grow in this country.
"I have the real estate, I have the real usage, I have the cash flow, I have the write-offs. This last deal that we did, we wrote off $56 million in depreciation for our investors day one on a $230 million asset with $100 million worth of Bitcoin. So our Bitcoin investors actually got depreciation and tax write-offs against their earned income."
Ivan on Tech: A diversified strategy. I think though, as time passes, he gets more radicalized. Before when I introduced him to Bitcoin back in 2017, Bitcoin was outside of his cosmos, outside of his universe. Now his main goal is 10,000 Bitcoin by the end of the year. The real estate guys will understand sooner or later how nice it is with property that is digital. You can take it anywhere. If the US has bad tax, you go — but try selling real estate. Very, very hard.
Guys, if you look at the big picture, what has happened? Nothing has happened. October is around the corner. We are just now getting into bull trends. Just now getting into bull trends. You have to look at the bright side of things.
Solo Founders, Distribution, and Building in Crypto
Ivan, can solo founders make it or is a team needed to succeed?
I think solo founders can make it, but you need to focus on distribution. The big confusion now is that people think because AI coding tools are here, they can just code anything — and you could code anything. There's a record number of websites, apps, tools, utilities being created. Anyone can create anything. So some people feel that they can be a solo founder because the tech is solved. And that's true — you can code anything. At the same time, you need to focus on sales. What are you going to do? Is it going to be crypto or non-crypto? If it's crypto, you need to speak to the users.
It actually puts more pressure on the solo founder to focus on the customer, on the user. And it's good, because we remove the excuse of just sitting at home and coding — not talking to the client, not doing marketing. Most people waste their time thinking, "If I just build it, they're going to come." No. Coding is easy. Anyone can code. Anyone can do anything. Now you have to get the distribution, the attention. Speak to the client. Get the client to pay. At the end of the day, who's going to pay you? You need money. Otherwise it's not a real business.
You need experience. You need to know what to do, how to use it. People are more empowered than ever, but you need to be guided in the correct path so that the whole organization is focusing on value, client, getting paid, usage, user paying commission, et cetera. And ideally, get a community. If you get a community, at least someone will check your app and tell you it's broken. Without a community, you wouldn't even know it. You need community.