# The BEST WAY to Buy Bitcoin, ASTER Perps Era, Quantum, AI Bubble Source: https://www.youtube.com/watch?v=VQPR4DuS19I Recap page: https://rapidrecap.app/video/VQPR4DuS19I Generated: 2025-09-29T20:32:48.859+00:00 --- ## Quick Overview The speaker advises against buying Bitcoin or other assets during times of high inflation or uncertainty, arguing that paying high Ethereum gas fees for DEX swaps, or relying on centralized exchanges like Coinbase, is costly, recommending instead low-fee decentralized perpetual exchanges like Aster or Hyperliquid for trading, especially since Aster is fully accessible to US users while Hyperliquid is region-restricted. **Key Points:** - Many people buy Bitcoin the wrong way, often paying excessive fees (hundreds or thousands of dollars) on centralized exchanges like Coinbase (1-3% fees) or via DEXs with high slippage and liquidity fees. - The speaker advocates for using decentralized perpetual exchanges like Aster or Hyperliquid for trading Bitcoin because their fees are significantly lower (Aster: 0.04% maker/0.1% taker; Hyperliquid: 0.04% maker/0.07% taker for BTC spot). - A $100k Bitcoin trade on Coinbase might cost $1000 in fees, whereas the same trade on Aster costs only $40 (0.04% maker fee). - While both Aster and Hyperliquid offer low fees, Hyperliquid restricts US access, whereas Aster supports US users and allows withdrawing wrapped Bitcoin (WBTC) over the Ethereum network with a lower fee ($4.56 USD for 100 BTC withdrawal shown). - The speaker references a tweet from Charles Edwards warning about the quantum threat and treasury bubbles, suggesting that waiting for these distant tech breakthroughs (30-100 years) while holding fiat is a poor strategy compared to leveraging wealth now. - Matt Huang's chart on Ethereum network revenue shows that while Bitcoin still dominates, other L1s like Solana and newer protocols like Hyperliquid and Aster are gaining significant revenue share, indicating a shift in crypto activity. - The speaker concludes that instead of DCA'ing into the S&P 500 during uncertainty, one should leverage their current wealth now, as market timing is difficult and DCA often underperforms Lump Sum Investing over the long run. ![Screenshot at 00:26: Comparison of Coinbase fees \(1-3%\) versus Aster/Hyperliquid fees \(0.04% maker/0.07% taker\) demonstrating the significant cost savings on decentralized perpetual platforms.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-00-26.png) **Context:** The speaker critiques common investment strategies, particularly for Bitcoin, focusing on the hidden costs associated with high transaction fees on Ethereum and the high fee structures of centralized exchanges like Coinbase. He contrasts these with the lower fee structures available on decentralized perpetual platforms, specifically highlighting Aster and Hyperliquid as superior low-cost alternatives for traders. ## Detailed Analysis The speaker argues that most people buy Bitcoin inefficiently, often losing significant amounts to excessive fees on centralized exchanges or DEXs. He points out that Coinbase charges 1-3% in fees, and even their advanced tier is expensive, while DEXs like Uniswap incur high liquidity provider fees and slippage. He strongly recommends using decentralized perpetual exchanges like Aster (fully available in the US) or Hyperliquid (region-restricted) for better fee structures. For example, a $100k BTC trade costing $1000 on Coinbase might cost only $40 on Aster by using maker orders (0.04% fee). He demonstrates that Aster's withdrawal fee for BTC over Ethereum is $4.56 for 100 BTC, which is low. The speaker then shifts to discussing the fear-mongering around quantum computing breaking Bitcoin, referencing a tweet by Charles Edwards predicting this in 2-8 years, but counters this by noting Jensen Huang's estimate that functional quantum tech is 15-30 years away, suggesting the fear is overblown marketing hype. He also shows Matt Huang's chart indicating the declining revenue share of Ethereum relative to newer L1s and protocols like Hyperliquid and Aster. Finally, the speaker debunks the myth of Dollar Cost Averaging (DCA) over Lump Sum Investing (LSI) using historical data graphs, concluding that LSI generally outperforms DCA, especially when markets tend to go up, and advises against holding cash waiting for market dips, encouraging leveraging current wealth instead. ### Critique of Buying Bitcoin - Many buy Bitcoin the wrong way, incurring high fees on centralized exchanges (Coinbase 1-3%) or inefficiently via DEXs with high slippage. ### Recommended Low-Fee Platforms - Aster and Hyperliquid offer significantly lower fees (e.g., Aster spot maker/taker fees are 0.04%/0.1%); Aster is US-accessible, unlike Hyperliquid. ### Fee Comparison Example - A $100k Bitcoin trade costs $1000 on Coinbase but only $40 on Aster using a maker order, illustrating massive savings. ### Quantum Threat Skepticism - The speaker dismisses Charles Edwards' fear-mongering about quantum computing breaking Bitcoin in 2-8 years, contrasting it with Jensen Huang's estimate of 15-30 years for practical quantum tech. ### Ethereum Revenue Decline - Matt Huang's chart shows Ethereum's revenue share shrinking as newer L1s (Solana) and protocols (Hyperliquid, Aster) capture more transaction revenue. ### DCA vs. LSI - Historical data shows that Lump Sum Investing (LSI) generally outperforms Dollar Cost Averaging (DCA) over time, debunking the common belief that DCA is safer during downturns. ### Final Advice - Leverage current wealth for investment rather than waiting for market dips or distant technological breakthroughs, as timing the market is unreliable. ![Screenshot at 00:26: Comparison of Coinbase fees \(1-3%\) versus Aster/Hyperliquid fees \(0.04% maker/0.07% taker\) demonstrating the significant cost savings on decentralized perpetual platforms.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-00-26.png) ![Screenshot at 00:43: Aster DEX interface showing BTC/USDT spot trading chart and order book.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-00-43.png) ![Screenshot at 00:47: Hyperliquid interface showing a warning about accessing products from a restricted jurisdiction.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-00-47.png) ![Screenshot at 01:41: Aster trading interface showing the maker/taker fees pop-up: Taker orders pay 0.1% fee, Maker orders pay 0.04% fee.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-01-41.png) ![Screenshot at 01:50: Aster documentation detailing the 0.04% maker fee and 0.1% taker fee for spot BTC.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-01-50.png) ![Screenshot at 03:23: Kraken Pro fee schedule showing maker fees starting at 0.25% and taker fees at 0.40% for the lowest volume tier.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-03-23.png) ![Screenshot at 03:32: Uniswap documentation showing a 0.3% fee for swapping tokens, which is significantly higher than Aster/Hyperliquid fees.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-03-32.png) ![Screenshot at 04:00: DefiLlama chart comparing the perpetuals volume between Aster \(orange/red\) and Hyperliquid \(blue\), showing Aster's volume is significantly higher recently.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-04-00.png) ![Screenshot at 04:21: DefiLlama rankings showing protocols ranked by fees paid by users, with Aster at $21.29M and Hyperliquid at $3.17M in the last day.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-04-21.png) ![Screenshot at 07:21: Article snippet from The Economist explaining the historical context of leveraged investing and the concept of 'lifecycle investing'.](https://ss.rapidrecap.app/screens/VQPR4DuS19I/00-07-21.png)