0:00 spk_0
Welcome to Stocks and Translation. Yahoo Finance’s video podcast that cuts through the market mayhem, the noisy numbers, and the hyperbole to give you the information you need to make the right trade for your portfolio. I’m Jared Blicky, your host, and with me is Yahoo Finance senior reporter, Brooke De Palma, who’s here to connect the dots and to be that bridge between Wall Street and Main Street.Today we’re gonna be talking about crypto, which is having a rough time recently. We also get into web 3, decentralized finance, and what 2026 has in store for the world’s newest asset class. Our phrase of the day, web 3. It’s still the next big thing, but if you’re not into crypto.Yet you might be scratching your head. We dig into it, and on today’s market show and tell, we break down the ominously named Death Cross and its cousin, the Golden Cross, where moving averages help reveal inside market trends. And this episode is brought to you by the number 40%. That is the share of employers who expect to cut jobs thanks to AI automation. How to navigate the new jobs minefield.And today we are welcoming back Eddie Johnson, CEO of Grow My Bag TV and author of the book Crypto Foundation for Building Multigenerational Wealth, as well as a brand new book, GMB3 The Art of Research, Timing and Deliberate Wealth. He is a serial entrepreneur and a graduate of the Bronx High School, one of the best high schools in the.Country and we are grateful to have him back today. Eddie, we gotta start with the elephant in the room, crypto, Bitcoin, I mean, Bitcoin itself off about 36% high to low. Um, and this is amid a very favorable regulatory backdrop. So I’m, it surprised me. I thought Bitcoin would have been 200,000 to October.October, yeah.
1:44 spk_1
You can’t blame me for October missing, but I think that Bitcoin right now is at a point where when you see blood in the streets, even your own, you invest. So I tell people all the time, practice GMB 3, do your own research, know your entries and exits, and absolutely invest deliberately.Bitcoin being down at the moment doesn’t faze me at all, and some people are kind of like, why doesn’t it phase you? And it’s because all of the infrastructure for Bitcoin to become a usable tangible value is already there.You can pay for a lot of people use TradingView, for instance. You can pay for trading View with Bitcoin. All you need is a couple more, you know, retailers to pick up on that.Get a government to accept that as payment for your, you know, taxes and things like that. That would be key and that’s done.
2:40 spk_2
So are you saying that despite all this volatility doesn’t really matter, stick with it, reinvest now?
2:46 spk_1
Well, I’m not a financial planner, but I tell my kids all the time that absolutely stick with it.If you can, if you can have a little bit of extra money go in now, there are a couple of places that I’d be thinking about, you know, investing, and one of them would absolutely be crypto, and I’d probably go heavier on crypto than anythingelse.
3:03 spk_2
I do want to get to now our time for our word or phrase of the day, that is Web 3. It’s an internet layer where block genes let people and businesses own and move digital value money, identity, and assets.Directly without a central gatekeeper, here’s the critical web 3 context and history. Web 1 was reading static pages. Web 2 was reading and writing, think like social apps, platforms, and web 3 goes a step further. You can read and write and also own with tokens, wallets, and smart contracts. You can move value natively to the internet. So where do we stand in all this, Eddie?
3:42 spk_1
Web 3 is actually a great space. It’s a nice graduate, not necessarily a graduate, but a kind of complement to web 2, meaning that I can do a lot of different things on Web 3 that I can’t do on web 2. I can accept crypto. I can have virtual spaces. There’s a lot of a lot more things that kind of enhance the experience. When you think about how that ties into AI and how people are thinking traditional web has changed.Web 3 is going to be one of those places that change along with it.
4:12 spk_0
I want to ask you, I guess this is in two parts. First, how long are we into web 3 deployment adoption because I’ve heard about this for years, but it seems like it’s kind of gathering steam now. And then what’s the plug in with AI that just seems to open all kinds of things, maybe a Pandora’s box or two. I don’tknow.
4:30 spk_1
I think that you’re right, it could be a little bit of a Pandora’s box. You have uh X402, which is going to be the standard for agents to actually perform transactions.On your behalf, um, so you have a lot of tie-ins like that that people are going to have to stop and think about well what’s the security behind it? What’s the human in the loop in that process? Once you have identified that you’re talking about an environment that can mean a lot and actually do a lot. Imagine being in a virtual space and buying things using digital assets. That’s going to be great because those things can either be used in that environment or even shipped to your house.The internet is definitely going through a kind of metamorphosis at the moment where you have the old web 2 merging with web 3 because web 3 is not a replacement, it’s in addition to that tie in with with AI and what you can do with virtual worlds if you’re a gamer having an NPC that can actually kind of think and kind of interact.Differently so your every interaction with it is slightly different. That’s going to bring a lot of people in. So I’m looking forward to
5:36 spk_2
it. For the everyday person, put this in context, where could they go looking for it? Like you looking at, say, Roblox? What’s
5:44 spk_0
the everyday like what are they going? What are they?
5:49 spk_1
So imagine you going toA store but doing it virtually walking up and down the aisles virtually. Sounds like Roblox. It sounds like Roblox technically if you look at Roblox, it kind of is Web 3, right? I’ve got a virtual currency. I can walk around in a virtual world. You don’t just need the visors that people are putting on to actually do this kind of thing. So when I look at different companies that are involved.There are too many companies for me to name, but I’m looking for companies that have some history to them, some real use case to them, not just, oh, I’m doing it for the sake of doing it. There are a lot of companies that do that, but you’ve got, you’ve got museums already in the Web 3 virtualization space. What I look at is what else are you doing? Everybody thinks of Web 3 as just this virtual space that you can play in, but it’s also DI. It’s also just being able to accept crypto. All of that fall under the Web 3 umbrella.
6:42 spk_0
I want to go back to the regulatory environment, which I kind of hinted at earlier. Is there anything else that needs to be done by Congress to either remove a roadblock or to speed things up, or are we in a pretty good space right now?
6:56 spk_1
I think that Congress needs to finish what they’ve started, right? You have the Genius Act, which kind of puts guardrails around stablecoins. I think stablecoins is going to be the next area that can wind up being just like meme coins in terms of they’re going to be a ton of stablecoins that are created, going to be created, and there are going to be a ton of stablecoins that just go away, right? I think the big players that are in that space right now, USDC.USDT, they’re going to be here forever no matter what people think. People
7:25 spk_0
love because they’re still here is impressive. So I will say
7:27 spk_1
that it is. I mean you have tether that went out. Everybody talks about how they’ve never been audited, but tethers never been audited, kind of sort of, but they can also prove that they own 112 tons of gold. They own some of the some of the largest amounts of US treasuries proven.So when I sit back and I think about that I’m going these guys definitely know what they’re doing, right? Arduino knows what he’s doing. He knows where his head is at. They’re making investments out taking their money, their profits, and then moving it into other areas of revenue. I don’t
8:00 spk_0
know. Yeah, well, I want to talk some technicals right now, so it is officially time for market show and tell. We recently looked at the 50 day moving average, and today we’re gonna combine it with the 200 day average and a little refresher.The moving average is the average price of a stock or other asset over a set number of periods or days, helps smooth out the noise and reveal the trend. So the 50 day moves faster than the 200, and when it crosses under the 200, that is called the death cross. And when it crosses back above, that’s called the golden cross. The benefit to trading off of these is that they tend to keep you on the right side of the market, but there is a downside when the market goes sideways, you get lots of crosses, lots of choppiness, which is.Not good for your trading account. So I’m wondering if you use moving averages in your work. I know you got 5 trading schemes. What is on your trading screens here? Uh,
8:52 spk_1
on my trading screen right now is going to be what we call the GMB X factor, right? The GMB factor. And that’s the distance from where a coin is now to where it was at its all time.High and what it would take to get there. We look at that because a lot of these things that people are using in the stock market only partially translate into the crypto space and vice versa. So I’m taking the death cross, I’m taking the golden cross, but I’m also looking at that X factor and kind of saying to myself, Oh, what are we doing with this? How far away are we? And then we add just one more little thing.What my personal thought is on where I think a coin or a stock is going to go,
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discretion,
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personal discretion. But what’s interesting though is that we are so recently off these record highs, and so how do you assess that moving into the back end of the year? There was so much optimism like Jared had mentioned with the legislation, with the administration backing this. So does that sort of change this, this, these three ways that you engage this
9:51 spk_0
this aspect.
9:52 spk_1
So one of the things that I start, I start to look at and when you look at my show, you can see that I have bands, and that’s where a stock or a crypto is moving laterally and I try to identify that because that’s going to give you a pattern. Like Bollinger bands are sort of like Bollinger bands, but I literally say this was the low, this was once the barrier for it to move up or the barrier for it to move down.
10:17 spk_0
OK, so price action ceilings and floors.
10:19 spk_1
Exactly, exactly. So I’m looking at those and we’re rediscovering those same bands right now. So now I’m loading up on what kind of things I’m seeing moving in those spaces because you can make money when the stock market’s going up, duh, but you can also make money when the stock market’s going down because almost nothing goes down in a straight line, almost nothing goes up in a straight line. And if you know how to actually identify those things using tools like those.And you got 5
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screens. Well, there you go. The world
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is your oyster. The world is oyster, but we do need to take a short break. But coming up, we’re talking AI job cuts and a runway showdown for crypto lovers and foodies alike. Stay tuned.This episode is brought to you by the number 40%. That’s the share of employers in the World Economic Forum’s 2025 Future Jobs report who say they’d expect to reduce their workforce where AI can automate tasks. The same report projects that by 2030, 22% of jobs will be disrupted, with 92 million rolls displaced.170 million new ones created. That’s a net gain of about 78 million jobs. But a pretty violent reshuffling, we’ve seen a bit in 2025. So how do you expect this to unfold into the new year in 2026? We got that Challenger Gray and Christmas report, I think 150,000 layoffs, and one of the reasons that they said was AI.
11:48 spk_1
Everybody’s blaming AI. I’ll say it like
11:51 spk_2
that. Is it not toblame?
11:53 spk_1
In some cases, yes, but remember, AI is not necessarily replacing people in jobs. It’s replacing tasks. A lot of these companies have two ways to go. And one of the things that I heard from the chairman and CEO of BlackRock is, no, I’m sorry, of Goldman Sachs is saying that listen, you know, yes, jobs are going to be lost, but what we really want to do is take this opportunity to increase capacity.And that’s a totally different outlook than a lot of these others or productivity. So if I can take these tasks off your desk and I can have you do something else that goes straight to our bottom line, what do you, what are we going to be able to accomplish? More. And so the first thought is do more, but a lot of these companies aren’t looking at it like that. They’re looking at it as, well, we’re going to, you know, we’re going to replace, you know we’re going to do.OK, we’ll see who wins at the end of the day, but I think it’s going to be companies, small businesses, large businesses, enterprises that are going to do well when they decide that we’re going to increase capacity and really look at our people and say we can upskill you and not just in AI we can upskill you in areas.That we see are going to be necessary as we move forward.
12:57 spk_0
I mean, my personal productivity here at this job, my work product is up 3x thanks in part to Chad GPT and a lot of the automation, the research it does, um, and it does a lot of the basic stuff. It’s like having a personal assistant.I’m wondering where this goes though and how it shakes out. Like you, you mentioned Goldman Sachs, that’s a top tier employer, and they’re thinking about empowering their employees, giving them all the tools, but what is, you know, there’s gotta be some kind of retraining, and that takes years that the average person on the street isn’t necessarily going to be retrained, be able to be retrained for certain roles in a short period of time. Meanwhile, you have.The displacement. So this goes way beyond day trading, but how do you, how do you think this resolves itself?
13:38 spk_1
I thinkit resolves itself with people having to change their game, right? The when you had, I’m going to date myself right now, when you think about way back when when Microsoft Office came out, right? You had to, it became the ubiquitous Office tool. You had to learn it. It was
13:53 spk_0
WordPerfect before that exactly.That was I think that
13:56 spk_1
WordPerfect and Lotus Notes Lotus 123. I’m really old. So you start to realize that you learned you learned those new tools back then. You can learn these new tools now, and what’s really going to change isn’t the fact that it’s just, well, learn how to use Chatchie BT. That’s not what I’m talking about. I’m talking about businesses are going to have to change how they actually operate. Their business processes are going to change.And when they figure out what business processes are going to change, that’s when you’re going to see a market improvement. And I’m looking at Goldman Sachs and saying, oh my God, this guy just came out on international television and said that one thing, and that made me a Goldman Sachs happy boy right now.
14:38 spk_0
Interesting. You have a timeline for all this?Give it 2 to 3 years. OK. OK. All right. Well, we got a little time hilarious.
14:46 spk_2
It’s time to think of it, but we’re even hearing from from retailers and other employers, I guess if for someone out there who maybe isn’t in the workforce yet and they’re, they’re hearing this and they’re fearful that they, they can’t know everything that now a new employer maybe they’re ahead in the AI game, they need to learn everything, what would be your advice here?
15:05 spk_1
My advice would be start doing research on what employers are talking about.Because of AI, the idea of entry level jobs is being redefined right now so we need to figure out well what’s the new definition in what industry is going to be the new that new definition where I might be able to find a new job and prepare for that.And don’t worry about what you have going on in this second,
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but when
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I
15:32 spk_0
get back to some market talk here. Uh, we talk about Bitcoin and sometimes Ethereum, anything in the token space, uh, the old coins that you like right now.
15:41 spk_1
Oh man, um, I’m going to say I’ve made a couple of bucks on Astor, um, which is like hyper liquid. I’ve made a couple of bucks on hyperliquid. There are a few coins
15:50 spk_0
that I look at trading or you actually like the fundamentals that
15:52 spk_1
I I love the fundamentals. So I only trade on things where I’ve actually done my own research and what goes back to that,
16:00 spk_0
yeah, because crypto fundamentals, some people say, oh they don’t exist, but you have. I mean you have metric.So what do you use?
16:07 spk_1
Um, looking at it, I, I’ll take some things from Wall Street, right? I was as I was saying before, it’s kind of I’m going to look at well what’s the what’s the RSI, what’s the MacD but then I have something that we’ve created which is which is the GMB factor and that factor is what’s the difference from now to what that all-time high is and what that all time high is says, well this is what the real X is going to be. I’m 1 X away. I’m 2 x away.And you can actually look at that and say to yourself, oh well that’s a realistic number as opposed to I’m sitting here guessing finger in the wind as to what the all-time high is going to be or when we’re gonna do when we’re going to hit it. I also look at the time frame for that 30 days, 60 days, 90 days beyond, beyond 90 days it literally is just beyond. so I’m breaking it down in those kind of in those kinds of ways
16:54 spk_0
and just for.The viewers here, we’ve said GMB a number of times and I think I’ve kind of pieced it together in my head, but you’re looking at that as a multiple of how far an asset is from its all-time high or just break it down.
17:06 spk_1
That’s exactly it. So where I am today, maybe my maybe my stock price or my crypto is
17:11 spk_0
a coin, let’s say it’s down 33%.
17:13 spk_1
Well, if it’s down 33% from its all-time high, well, what’s that?X factor, that’s a calculation that we do that says from today right now this is the dollar amount $38 and change, 37% change, whatever it is, to 126 foreign change, something like that. And you say to yourself, Well, what’s the distance between there? And what that does for you is it says, I now know that that amount of money that I could possibly make if I invest right now, and then I can load that up against all the other cryptos that I like.And I can say if I put my money here, here, here and here, that’s where I’m going to make my best return on value.
17:53 spk_0
That is an interesting way of looking at markets. I gotta, I gotta think about that one. So thank you for that. Now we’ve got a market stake on a classic Hollywood Gab show staple who wore it better.And on today’s runway showdown, we are taking crypto straight to your stomach, pitting late night cravings against fine linen tablecloth discipline. On the left catwalk, we’ve got our street food token, a swaggering vendor chic look with a logo hoodie under a grease splattered apron, cargo pants, and neon sneakers, juggling trays of spicy meme coins and double digit yields. Then on the right, it’s our fine dining blue chip.A sharply tailored chef’s jacket over a minimalist suit, polished Oxford’s in a calm, measured stride, serving up carefully positioned Bitcoin and Ethereum paired with boring but steady risk management. The question for you, Eddie, in this market, who’s really wearing crypto better right now? is it the street cart sizzle or is it the fine dining fundamentals?
18:51 spk_1
Oh, that’s, that’s an evil question.
18:54 spk_0
Oh, thank you.I blame AI.
18:57 spk_1
I’m probably going to say the former because that person is juggling right now and they have to know a whole bunch of different things as where the other person is looking at it from a perspective of these are the metrics I’ve been using. I’ve always used them and it kind of puts me in a corner of am I not willing to learn new tricks?
19:17 spk_0
That’s an interesting take on that.Um, so what are the new tricks that you’re learning right now? Oh,
19:21 spk_1
the new tricks that I’m learning right now is, you know, I go back to the same thing. My fundamentals are do your own research, know your entries and exits, and absolutely invest deliberately. Knowing you doing your own research should be easy. You’re always investing yourself 1st. 2nd 1, you know, knowing your entries and exits is not just the number that you get in on, but it’s also the pathway that you make the purchase and the pathway that you make the sale.I like that. Right? And then the last one is absolutely invest deliberately. Be absolute in your decision to make a move or not make a move because investing is not just the idea of putting money in, it’s knowing when to put it in, when to leave it alone, and when to pull itout.
20:00 spk_2
When you see these sort of valuations that we’re at right now, of course we back down a little bit. What does someone say if maybe they’re thinking that I want to get into this market, but I don’t even know where to start.
20:09 spk_1
The first thing I’m going to look at is use case, whether I’m looking at a stock or a crypto project, I always want to understand your use case, and I want to understand the longevity that I believe your use case has. So if you’re looking at AI I’m looking at perplexity and I’m saying to myself, I don’t think your use case is going to last that much longer because everything that they do is being built into all the other tools that actually built out LLMs.So perplexity is not building out LLM. So how long is that business model going to last? So it’s things like that. I go deep into that, into that kind of thinking.
20:41 spk_2
And with somany AI names it’s important to do that and he’s going to trickle down to the bottom, it soundslike
20:46 spk_1
absolutely. I mean, you want to know who’s going to be there and what you’re going to be able to rely on. There’s also a security aspect to it all and you know what you’re doing, what information you’re willing to share with the world, because if you’re using an online service, that’s literally what you’re doing.
21:01 spk_0
Yeah, you know, there’s lots of, lots to think about here, Eddie, and congratulations because I have learned something about technicals today. I got to wrap my head around this GMB idea that you’ve put forth and.I will happily read your book as well.
21:15 spk_2
We want to read it.
21:17 spk_1
So yeah, I mean, it’s, I think the whole idea about the book was I have a philosophy about how I do investing and it doesn’t matter whether or not you’re looking at the stock market, you know, crypto or business in general. It’s how to actually approach it from a thought process and so we broke down that thought process.And then this book, it’s more like a guide that you can open up and you can say, how would I apply the GMB 3 to purchasing a business or purchasing some stocks or selling some
21:47 spk_0
crypto? Eddie, we’re going to have you back in 2026. Talk about that and also the crypto update, of course. Uh, we learned a lot here today not only in technicals, but also kind of reviewing some of the AI transformations got my head thinking in a different way about.How it’s disrupting the job market and what we really need to do to address, uh, the biggest cohort that’s affected, which is new entrance into the job market. So we have officially wound things down here at Stocks and Translation, but make sure you check out the other episodes of our video podcast on the Yahoo Finance site and mobile app. We’re also on all your favorite podcast platforms, so be sure to like, leave a comment, and subscribe wherever you get your podcast. See you next time.
