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All right, MGM, it's going to be
another few days. 

2
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I think even while that broke, 
it's just going to be be in OSF 

3
00:00:07,280 --> 00:00:09,760
today. 
Good, good day. 

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00:00:09,960 --> 00:00:12,280
It looks like already in crypto.
So it's a good day for us all to

5
00:00:12,280 --> 00:00:14,680
come back. 
OSF said he was moderately 

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bullish yesterday and since then
we've just absolutely ripped. 

7
00:00:17,240 --> 00:00:20,800
So we have a lot of hot takes 
today mean coins obviously 

8
00:00:20,800 --> 00:00:26,920
leading this this move back. 
Seoul nearly at 200 Bitcoin 

9
00:00:26,920 --> 00:00:30,080
heading back above 70 K. 
Nearly ETH is pumping. 

10
00:00:30,080 --> 00:00:32,080
Everything is pumping. 
This morning definitely feels 

11
00:00:32,520 --> 00:00:34,560
like a good day to to get some 
hot takes. 

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I think we're going to be joined
by the the third Co host, the 

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third Co founder even of Canary 
Labs. 

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Cows is going to come through in
a in a couple of minutes. 

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How you doing OSF? 
How was your? 

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How was your golf trip? 
What? 

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00:00:48,400 --> 00:00:51,440
What? 
Echoing this is not good. 

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Oh, OK, it stopped. 
It was probably one of the best 

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trips I've been on. 
Yeah, pretty amazing. 

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When you say, you know. 
Cows with cows with the colours 

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today. 
Wow, look at this. 

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Are we live? 
We're live, Yeah, definitely 

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live. 
Yeah. 

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Please don't say anything bad 
then forgot you're going to get 

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as instant cancelled as per 
normal. 

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Yeah, good to have everyone 
back. 

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Yeah. 
When you say you're on a boys 

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trip to Inverness, I don't think
that's that's really what most 

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people consider a great trip. 
But it did look like a It did 

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look like it was a a good one. 
What? 

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What is this thing you've 
invested in? 

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00:01:31,640 --> 00:01:35,080
Why don't you tell everyone? 
Manners, Manners, Golf Manners. 

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Golf.com. 
Oh, here we go now it's his 

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whole personality. 
It's for any golf enjoyers out 

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there. 
It's a golf clothing brand in 

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the based in the UK, but they 
ship worldwide. 

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Some outlets as as well in Korea
and Japan I believe, but. 

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Wonderful, they just. 
Have they just have Really cool.

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I I'm literally wearing complete
Mana's clothing right now. 

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It's the Mana's hoodie. 
It looks good. 

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00:02:03,600 --> 00:02:04,720
It looks good. 
It's. 

42
00:02:04,760 --> 00:02:08,840
Wearing a Mana T-shirt and ring.
How's the boxes? 

43
00:02:09,160 --> 00:02:12,880
Mana's trousers. 
Wow, look at that. 

44
00:02:13,680 --> 00:02:15,920
Wow. 
No, stop there. 

45
00:02:16,640 --> 00:02:20,680
They do plain black T-shirts. 
They do with the Mana's logo on,

46
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yeah. 
All right. 

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00:02:21,480 --> 00:02:22,840
Well, yeah, I'll get involved 
then. 

48
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Why not? 
I didn't know you could wear a 

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hoodie on a golf course. 
You can. 

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Not everywhere, but some places 
you can now, yeah. 

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Right. 
So it's like a young, hip golf 

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brand, it seems. 
Yeah, it's it's cool. 

53
00:02:37,440 --> 00:02:40,320
But it's like all the clothing's
like tech, so like if it rains 

54
00:02:40,320 --> 00:02:43,680
and stuff, you don't get wet and
swing, so it's like a little bit

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baggy. 
So you have mobility, Yeah. 

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00:02:46,480 --> 00:02:49,080
I like that clothing actually 
for travelling in because often 

57
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I can't be bothered to to iron 
whenever you turn up somewhere 

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00:02:54,720 --> 00:02:56,080
and let you shove stuff in your 
bag. 

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00:02:56,080 --> 00:02:58,520
So like that clothing that like 
instant instantly reforms 

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doesn't get bad. 
I like that. 

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I like that stuff. 
Anyway, let's get into 

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everything because the market is
looking very, very hot right 

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00:03:04,440 --> 00:03:06,640
now. 
Bitcoin. 

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00:03:07,400 --> 00:03:11,840
Let me just bring it up. 
I saw it breach 69 K Yeah, 69.3 

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right now. 
Let's just turn this into a tick

66
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by tick viewing party. 
You might as well, right? 

67
00:03:18,840 --> 00:03:19,680
We might. 
As well. 

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00:03:20,520 --> 00:03:22,920
Get a one second chart. 
That one second chart. 

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00:03:23,840 --> 00:03:26,040
It's definitely looking hot out 
there right now. 

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I will. 
Why don't we share the chart? 

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00:03:28,680 --> 00:03:29,920
Why not? 
We'll get involved in this 

72
00:03:29,920 --> 00:03:33,520
already. 
You said yesterday you were 

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feeling more moderately bullish 
OSF. 

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00:03:36,000 --> 00:03:38,560
How, How are you feeling? 
How are you feeling now? 

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00:03:38,840 --> 00:03:43,000
I felt maybe I should. 
Yeah, Over the weekend, I said 

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modestly bullish price section 
for this week, but I just felt 

77
00:03:46,000 --> 00:03:47,400
like we would see a bounce this 
week. 

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If you look, you know, last 
week, the selling was clearly 

79
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due to ETF outflows. 
And if you look at the GBTC 

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outflow number, that magnitude 
of the outflow slowed down 

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00:03:55,480 --> 00:03:57,560
towards the end of the week. 
And we had this like 2 week 

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consolidation period where stuff
just you know, consolidated. 

83
00:04:02,080 --> 00:04:06,840
And so I just felt like without 
really any real like rhyme or 

84
00:04:06,840 --> 00:04:08,880
reason, it just felt like we 
could bounce this week. 

85
00:04:08,880 --> 00:04:11,560
And I think all just the market 
felt like to me all you needed 

86
00:04:11,560 --> 00:04:14,200
was a good infinite number for 
us to have a rebound. 

87
00:04:14,200 --> 00:04:17,399
And the rally this morning is 
because the number is probably 

88
00:04:17,399 --> 00:04:20,320
out there and someone probably 
has the GBTC number already and 

89
00:04:20,320 --> 00:04:24,880
knows it's low or not that bad. 
And there's a good post by James

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Seifart who said that, you know,
a lot of the selling was due to 

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00:04:28,080 --> 00:04:31,280
the the Gemini Genesis 
bankruptcy selling. 

92
00:04:31,280 --> 00:04:36,040
And I think they have a total of
$3.9 billion of GBTC to sell. 

93
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And the outflows last week were 
$2 billion. 

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So not 100% of the outflows 
would have been from that 

95
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bankruptcy, but a decent chunk 
of it I think is now through. 

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00:04:44,840 --> 00:04:47,880
So it's kind of like, you know, 
we're over the hill, like at the

97
00:04:47,880 --> 00:04:51,240
end of the tunnel. 
We had a tough week last week, 

98
00:04:51,240 --> 00:04:52,400
but things could bounce this 
week. 

99
00:04:52,400 --> 00:04:54,720
And funding is clean, funding to
clean as has been for a long, 

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long time and has been for a 
good few days. 

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So it just felt like to me that 
we were set for a potential 

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rally based on like all these 
different like things and 

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feelings. 
And I said modestly because then

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it covers me in case I was 
wrong. 

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So. 
Modestly or moderately. 

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00:05:09,520 --> 00:05:10,920
I said modestly. 
Modestly. 

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Yeah, interesting. 
So that's like you're. 

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He said it wrong, but. 
Isn't that when you're just 

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like, honest? 
I think, yeah, you're like. 

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Basically it's like saying I'm 
really bullish, but I don't want

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to be loud and Arrow. 
OK. 

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It's just a hedge. 
It's the sort of thing that he 

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can retweet in a week and then 
he can act like he's not as 

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retweet. 
Yeah, so yeah, right, funding 

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looks, funding looks low across 
the board. 

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00:05:34,480 --> 00:05:37,640
It has looked low for a while 
now, even in even in mean coins 

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where like Pepe is probably the 
highest right now at the like 

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00:05:39,920 --> 00:05:43,120
the top whatever this is 30 or 
so coins. 

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00:05:43,920 --> 00:05:46,400
But generally it's been low 
across the board and it has been

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since 10 days ago really when we
got a little, little bit about 

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Nuke and you're right, I think a
lot of people missed this. 

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We did bring it up on the show 
last week. 

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You weren't there but the but 
this is the vast majority of 

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these outflows related to 
Genesis. 

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I think a lot of people thought 
this had been finished, but then

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00:06:02,640 --> 00:06:09,280
they did settle with Gemini 
early last week and to in order 

127
00:06:09,280 --> 00:06:11,920
to satisfy that settlement they 
were then going to have to sell 

128
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again more of this grayscale 
trust that they own. 

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00:06:14,600 --> 00:06:18,440
They're nearly down to, they've 
sold I think over half of it 

130
00:06:18,440 --> 00:06:21,640
right now. 
Interestingly also the GBTC 

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figures are starting to look 
kind of wildly low. 

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00:06:24,960 --> 00:06:31,240
So BlackRock, the BlackRock fund
is looking at current rate could

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00:06:31,320 --> 00:06:34,800
cross GBTC in the next, in the 
next three weeks, within the 

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00:06:34,800 --> 00:06:36,840
next 14 trading days they're 
saying here. 

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00:06:37,400 --> 00:06:41,960
I think that's just a matter of 
when, not if like this will 

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00:06:41,960 --> 00:06:43,720
happen. 
BlackRock is easily going to 

137
00:06:44,200 --> 00:06:49,440
outpace Greyscale and I think 
people can look through these. 

138
00:06:49,680 --> 00:06:51,720
I think last week's numbers 
caught people off guard because 

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00:06:51,720 --> 00:06:54,800
they didn't know what was 
happening with with the Genesis 

140
00:06:55,480 --> 00:07:00,120
and Gemini bankruptcy agreement.
But now that you can look 

141
00:07:00,120 --> 00:07:03,720
through that and be like, well, 
once that selling is done, you 

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00:07:03,720 --> 00:07:07,720
did have a slight slowing in in 
in the inflows to to the to the 

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00:07:07,880 --> 00:07:10,440
BlackRock fund. 
But if that picks up at all and 

144
00:07:10,440 --> 00:07:13,600
I'm pretty sure the halving is 
the sort of narrative that 

145
00:07:13,800 --> 00:07:17,640
retail and a lot of broader 
people who only are peripherally

146
00:07:18,080 --> 00:07:20,480
involved in crypto will 
understand very, very quickly 

147
00:07:20,920 --> 00:07:25,720
that's now three weeks away. 
Feels like that could be a very 

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00:07:25,720 --> 00:07:30,560
big tailwind for for Bitcoin 
flows. 

149
00:07:30,560 --> 00:07:33,200
What do you think has? 
I agree. 

150
00:07:33,200 --> 00:07:36,240
I definitely agree. 
I I do think I would reiterate 

151
00:07:36,240 --> 00:07:39,040
what we said on the show last 
week, which is where there's 

152
00:07:39,040 --> 00:07:43,520
always somebody now that you 
have like the ETF providers 

153
00:07:43,520 --> 00:07:46,480
themselves and the market makers
on the back of them have this 

154
00:07:46,480 --> 00:07:49,280
information before anybody else.
So you're always kind of trading

155
00:07:49,280 --> 00:07:53,200
slightly on the back foot if 
you're like following that 

156
00:07:53,200 --> 00:07:56,800
specific narrative. 
But yeah, I agree. 

157
00:07:56,800 --> 00:08:00,640
Trying to kind of think about 
how will people who buy ETFs, 

158
00:08:00,640 --> 00:08:03,040
what will they concentrate on, 
what's important for them, what 

159
00:08:03,400 --> 00:08:06,720
will they look at and what will 
ultimately Dr. kind of 

160
00:08:06,720 --> 00:08:09,280
investment behaviour in the ETF 
specifically. 

161
00:08:09,280 --> 00:08:10,600
I think that's interesting to 
think about. 

162
00:08:11,560 --> 00:08:13,840
You've got, I think you've got 
to pick up on that and like you 

163
00:08:13,840 --> 00:08:16,880
said, I think people kind of 
front ran even the market 

164
00:08:16,880 --> 00:08:18,800
makers, right? 
We were we were on the show on 

165
00:08:18,800 --> 00:08:21,880
Friday and people knew what the 
outflow figure was going to be. 

166
00:08:23,040 --> 00:08:25,640
Bitcoin was at 63 K It's up 10% 
since then. 

167
00:08:25,880 --> 00:08:29,280
It's up to 69 K now. 
So people clearly thought the 

168
00:08:29,280 --> 00:08:31,360
outflow figure was going to get 
less aggressive over the 

169
00:08:31,360 --> 00:08:34,159
weekend. 
And this pump, this kind of has 

170
00:08:34,159 --> 00:08:37,840
gathered pace, I feel like. 
There are no outflows over the 

171
00:08:37,840 --> 00:08:38,520
weekend, right? 
Are they? 

172
00:08:38,520 --> 00:08:40,520
They're not. 
Right, that's what I mean. 

173
00:08:40,520 --> 00:08:43,840
People were pre like be able to 
pre empt even the market makers 

174
00:08:43,840 --> 00:08:46,880
on this one I see because often 
you feel like you're trading 

175
00:08:46,880 --> 00:08:49,600
behind market makers right And 
now it's suddenly felt like you 

176
00:08:49,600 --> 00:08:51,000
could trade probably in front of
them. 

177
00:08:51,000 --> 00:08:53,560
I know equipment is obviously 
24/7, but I imagine there is 

178
00:08:53,560 --> 00:08:55,800
there's still. 
Somebody's, Someone's got the 

179
00:08:55,880 --> 00:08:59,240
colour, right, Someone's sitting
there at the grayscale 

180
00:08:59,240 --> 00:09:02,440
headquarters with all the 
information on their table. 

181
00:09:03,680 --> 00:09:05,800
Yeah, someone's someone's got 
that information, so. 

182
00:09:06,480 --> 00:09:10,240
Interestingly, related to the 
funding as well, there has been 

183
00:09:10,240 --> 00:09:13,880
a large increase in short 
positioning over the last since 

184
00:09:13,880 --> 00:09:16,600
we hit that all time high and 
then we dropped a lot of shorts 

185
00:09:16,640 --> 00:09:18,680
came into the market and that's 
why funding has stayed 

186
00:09:18,920 --> 00:09:21,600
relatively low. 
I'll bring up the heat map 

187
00:09:21,600 --> 00:09:23,520
again, but like. 
Shorting here though, that's why

188
00:09:23,520 --> 00:09:25,520
I don't understand. 
I saw that graph, which was like

189
00:09:26,160 --> 00:09:28,880
hedge funds are like the most 
short they've ever been Bitcoin.

190
00:09:32,760 --> 00:09:34,280
I didn't. 
I don't know if it's the most 

191
00:09:34,280 --> 00:09:37,480
they've ever been, but you know 
this, this was this is still a 

192
00:09:37,480 --> 00:09:42,520
decent amount of liquidations 
here all the way up to around 

193
00:09:42,520 --> 00:09:46,400
70. 
Up to 72 K like this is still a 

194
00:09:46,400 --> 00:09:49,360
decent amount kind of across the
board. 

195
00:09:49,360 --> 00:09:53,880
So this was never that 
aggressive before like so I and 

196
00:09:53,880 --> 00:09:56,240
you can tell that from the 
funding, right funding is is 

197
00:09:56,240 --> 00:10:01,400
kind of the lowest it's been for
still for for weeks at this 

198
00:10:01,400 --> 00:10:04,040
stage which tells you that 
shorts came into the market 

199
00:10:04,040 --> 00:10:05,760
particularly particularly in 
Bitcoin. 

200
00:10:06,760 --> 00:10:09,760
I don't. 
I don't know what's in it, 

201
00:10:11,040 --> 00:10:12,280
though. 
It's just that meme which is 

202
00:10:12,280 --> 00:10:15,760
like men will short Bitcoin at 
69 K before going to therapy. 

203
00:10:17,400 --> 00:10:24,960
Yeah, I think people, you know, 
it's very easy to look at one 

204
00:10:24,960 --> 00:10:27,320
week's worth of data for the 
outflows and be like, wow, if 

205
00:10:27,320 --> 00:10:29,520
this continues, then you can get
very, very bearish. 

206
00:10:29,960 --> 00:10:32,280
And I think that's that's what 
people do. 

207
00:10:32,360 --> 00:10:35,440
They often, they often, it's 
like when you get like a really 

208
00:10:35,440 --> 00:10:38,640
nice yield in in some random D5 
thing and oh, I'm, I'm going to 

209
00:10:38,640 --> 00:10:41,040
own this for a year. 
It's like, no people, people 

210
00:10:41,040 --> 00:10:43,840
overextend very limited sets of 
data. 

211
00:10:43,840 --> 00:10:45,880
So you had four weeks of 
outflows and they didn't realize

212
00:10:45,880 --> 00:10:48,040
it was related to Genesis. 
And suddenly everyone was like, 

213
00:10:48,040 --> 00:10:51,320
all right, this is a great short
and you know, the Bitcoin chart,

214
00:10:51,800 --> 00:10:54,200
you know, you look back at a 
year, this is the sort of chart 

215
00:10:54,200 --> 00:10:57,720
where people will want to short 
something that suddenly peaks 

216
00:10:57,720 --> 00:10:59,120
there and then goes to there, 
right? 

217
00:10:59,120 --> 00:11:03,720
Like, you know, the chartists in
this market will, will, will, 

218
00:11:05,240 --> 00:11:07,040
will go on pretty much any of 
these coins. 

219
00:11:07,040 --> 00:11:10,600
So like Solana was another one 
that got very heavily shorted on

220
00:11:10,600 --> 00:11:16,720
that move down and you know it's
ripped back in in faces there 

221
00:11:16,720 --> 00:11:19,640
right the way back up to 200. 
So that's. 

222
00:11:20,720 --> 00:11:22,800
I mean, when do we, when do we 
take that levered soul trade 

223
00:11:22,800 --> 00:11:24,960
off? 
I mean I actually I actually 

224
00:11:24,960 --> 00:11:28,240
exposed that trade slightly on 
when I when I wanted the finance

225
00:11:28,240 --> 00:11:32,640
thing you wanted to take it off 
at the lows as it as the Cali I.

226
00:11:32,760 --> 00:11:35,240
Never, I never said. 
Take it off at the lows. 

227
00:11:36,080 --> 00:11:37,800
You go through this. 
Let's actually go through this. 

228
00:11:37,800 --> 00:11:40,200
The last two bits of data that 
OSF has said, that's. 

229
00:11:41,360 --> 00:11:43,440
Funny I. 
Took off the some part of the 

230
00:11:43,440 --> 00:11:45,920
Canary trades. 
You went into levered soul a few

231
00:11:45,920 --> 00:11:48,280
weeks back. 
About a couple of weeks back, at

232
00:11:48,280 --> 00:11:49,880
200, I took off part of the 
trade. 

233
00:11:50,240 --> 00:11:53,720
OSF hang on, hang on. 
You didn't take it off. 

234
00:11:54,920 --> 00:11:55,560
Take it off. 
OK. 

235
00:11:55,560 --> 00:11:59,120
I. 
Got got stopped out because of 

236
00:11:59,120 --> 00:12:03,960
OSF in at 199. 
I got what I got back in at 180,

237
00:12:04,240 --> 00:12:07,560
it goes to 170. 
OSF and Ben both decide that 

238
00:12:07,560 --> 00:12:09,120
they want to potentially get 
out. 

239
00:12:09,960 --> 00:12:14,200
You said that, you said when it.
When it drops below 200, let's 

240
00:12:14,200 --> 00:12:16,520
buy it back and it dropped below
2 hundreds like so Are we buying

241
00:12:16,520 --> 00:12:18,200
it back? 
And I did not. 

242
00:12:18,360 --> 00:12:21,600
I waited till 180 and then at 
170 you guys were both ready to 

243
00:12:21,600 --> 00:12:25,280
throw in the towel and we're now
back up to a pretty nice profit 

244
00:12:25,280 --> 00:12:26,840
in that one. 
So I'm. 

245
00:12:26,880 --> 00:12:30,600
Pretty sure. 
Lever trading your trading is 

246
00:12:30,600 --> 00:12:32,800
neither of you or to it's. 
I mean, I've had some bad 

247
00:12:32,800 --> 00:12:35,800
things, but it's definitely 
neither of you. 

248
00:12:35,840 --> 00:12:38,360
Oh. 
Man, that can be Business School

249
00:12:38,760 --> 00:12:40,760
Essays written about the 
corporate governance of this 

250
00:12:40,760 --> 00:12:44,240
company, The Investment 
Committee on Live podcast being 

251
00:12:44,240 --> 00:12:48,360
overruled by Amanda's Swing 
trading and Getting Stopped Now.

252
00:12:49,080 --> 00:12:51,360
I think you've been stopped down
every level trade you've ever 

253
00:12:51,360 --> 00:12:52,840
done, Kelly. 
That's. 

254
00:12:52,880 --> 00:12:56,960
Because I it's like crap, you 
have to go for the 1000 X. 

255
00:12:57,080 --> 00:13:01,160
You're 1000 X&OSFI think 
normally puts them on for about 

256
00:13:01,160 --> 00:13:04,160
a day and then takes them off 
because he doesn't doesn't like 

257
00:13:04,160 --> 00:13:07,000
them. 
So yeah, I will not for. 

258
00:13:07,280 --> 00:13:10,480
Me that not for me. 
Particularly as you start to 

259
00:13:10,480 --> 00:13:12,520
lose money, it's like, yeah, get
out, just get out, get. 

260
00:13:12,920 --> 00:13:15,480
Out got the whole curve here. 
It's not for OSS. 

261
00:13:15,480 --> 00:13:18,480
Manda is like in the middle risk
tolerance, so can actually use 

262
00:13:18,480 --> 00:13:20,080
it and then I'm just too far the
other end. 

263
00:13:20,280 --> 00:13:22,880
Yeah, you are way, way on with 
1000 X. 

264
00:13:23,840 --> 00:13:26,880
So look, I think I think we can 
continue to rally here. 

265
00:13:27,200 --> 00:13:28,640
I do think it's going to be more
choppy. 

266
00:13:28,840 --> 00:13:33,840
Like if you bring up that that 
chart of Bitcoin, I think when 

267
00:13:33,920 --> 00:13:36,680
this was basically this looked 
like a meme coin chart, right, 

268
00:13:36,680 --> 00:13:39,480
Like since November or October 
even. 

269
00:13:39,480 --> 00:13:44,360
We went from 26 K up to six. 
What A72K, whatever. 

270
00:13:44,360 --> 00:13:48,200
It was 73 K and it was just up. 
Only this is the first time 

271
00:13:48,200 --> 00:13:50,640
we've just gone a bit choppy. 
I reckon if we are to go up to 

272
00:13:50,640 --> 00:13:52,640
100K it's going to be more 
choppy. 

273
00:13:53,040 --> 00:13:55,640
Like I think from here you 
probably have this sort of 

274
00:13:55,640 --> 00:13:58,840
volatility and it kind of looks 
a bit like this on the way up 

275
00:13:59,320 --> 00:14:01,080
rather than just meme Corning 
up. 

276
00:14:01,080 --> 00:14:04,880
So I I think the halving will be
a bit of a narrative and I think

277
00:14:04,880 --> 00:14:07,200
a lot of the Bitcoin related 
things will rally here. 

278
00:14:07,200 --> 00:14:11,120
So and you know some of the 
stuff that doesn't have some of 

279
00:14:11,120 --> 00:14:14,320
this SEC overhang doges had A 
and some of the meme coins are 

280
00:14:14,320 --> 00:14:17,280
really bouncing hard on the back
of that. 

281
00:14:17,840 --> 00:14:21,040
But I don't think it's going to 
be, I don't think you're going 

282
00:14:21,040 --> 00:14:23,080
to miss this rally. 
I think it's the sort of thing 

283
00:14:23,080 --> 00:14:25,840
where you're meant to probably 
take a load of profits if we, if

284
00:14:25,840 --> 00:14:29,960
we go back up to you know, 7580 
K and I would be very 

285
00:14:29,960 --> 00:14:34,160
unsurprised if we get another 
retest OF70K, maybe even 65K 

286
00:14:34,160 --> 00:14:35,960
here. 
Like it's it's just the way I 

287
00:14:35,960 --> 00:14:37,280
think this market's going to 
trade here. 

288
00:14:37,280 --> 00:14:39,960
It's just a bit more volatile, 
but going higher. 

289
00:14:40,040 --> 00:14:41,000
What? 
What do you guys think? 

290
00:14:41,640 --> 00:14:44,040
I just think we're going to go 
to like 200 K and people are 

291
00:14:44,040 --> 00:14:46,080
going to get wrecked trying to 
time the moves. 

292
00:14:46,560 --> 00:14:49,600
Yeah. 
Like I think, I think loads like

293
00:14:49,600 --> 00:14:52,400
I mean it's you've seen it 
already like random things will 

294
00:14:52,400 --> 00:14:55,520
pump and people try and chase 
them because the thing they own 

295
00:14:55,520 --> 00:14:59,360
is not pumping and then they get
wrecked by the top of something 

296
00:14:59,400 --> 00:15:01,000
while the thing they sold 
rallies. 

297
00:15:01,000 --> 00:15:03,280
It's just like I think there's 
going to be a lot of over 

298
00:15:03,280 --> 00:15:06,760
trading that will cause people 
to lose money when the really, 

299
00:15:06,760 --> 00:15:09,680
really the easiest thing is like
just buy a few things and hold 

300
00:15:09,680 --> 00:15:12,320
it and then maybe trade with 
like a small percentage of your 

301
00:15:12,320 --> 00:15:15,840
portfolio, but. 
I would agree with that too. 

302
00:15:16,120 --> 00:15:19,400
So like you can be the best 
person to get in and out. 

303
00:15:19,960 --> 00:15:22,360
And I think what a lot of people
also miss when they get in and 

304
00:15:22,360 --> 00:15:24,880
out is they get out and then 
they get back in and they're 

305
00:15:24,880 --> 00:15:28,120
really happy they got out of 
some and they got back in, but 

306
00:15:28,240 --> 00:15:30,840
they don't get in as much as 
they got out and then they 

307
00:15:30,840 --> 00:15:33,200
somehow missed the next leg 
again. 

308
00:15:33,200 --> 00:15:36,120
So sometimes it's easier like 
you'll make more money just 

309
00:15:36,240 --> 00:15:39,680
being long the whole time. 
But I guess this is the period, 

310
00:15:39,680 --> 00:15:41,920
I would say if you are going to 
be a buy and hold, is that be 

311
00:15:41,920 --> 00:15:44,480
prepared to have a bit more 
mental resilience. 

312
00:15:44,480 --> 00:15:47,160
Because I think it's going to be
a bit up and down. 

313
00:15:47,440 --> 00:15:51,320
And if you're the sort of person
that is buy and hold but also 

314
00:15:51,320 --> 00:15:56,160
just pukes it out when it drops 
30% or drops 20%, then know that

315
00:15:56,160 --> 00:15:59,960
about yourself and and maybe, 
you know, protect yourself a 

316
00:16:00,000 --> 00:16:01,920
little bit on the way up. 
Because I don't think this is 

317
00:16:01,920 --> 00:16:03,800
going to be the sort of one 
where he's like, I'm a genius 

318
00:16:03,800 --> 00:16:06,200
buy and hold. 
It's going to be like, oh crap, 

319
00:16:06,320 --> 00:16:09,640
you know, this is down 20% just 
like Saul did, right. 

320
00:16:10,040 --> 00:16:14,800
And you've got to you've got to 
decide you know you know believe

321
00:16:14,800 --> 00:16:16,560
in something here. 
So I do think you're going to be

322
00:16:16,560 --> 00:16:19,880
tested a bit more on this on 
this leg higher although I think

323
00:16:19,880 --> 00:16:22,520
we're going higher. 
There's no doubt in my mind I'm 

324
00:16:22,520 --> 00:16:26,080
I'm actually of the view and 
this may be this may be left 

325
00:16:26,080 --> 00:16:29,280
curve or right curve that the 
ETF inflows will increase from 

326
00:16:29,280 --> 00:16:33,800
here like we're we're we're in a
250 million a day I think let me

327
00:16:33,800 --> 00:16:37,520
bring up the degens, the, the 
degens, it's a great page 

328
00:16:37,520 --> 00:16:41,040
actually here on degens that 
they've that they've built but 

329
00:16:41,040 --> 00:16:45,920
we've got an average, where's 
the stats average is 225 a day 

330
00:16:45,920 --> 00:16:47,920
right. 
I actually think we could be in 

331
00:16:47,920 --> 00:16:51,360
a world where this goes up to 
like 500 because I think that 

332
00:16:51,360 --> 00:16:54,280
you're only starting to like a 
lot of these institutional funds

333
00:16:54,280 --> 00:16:58,120
are are oil tankers and they 
move slowly and you're only 

334
00:16:58,120 --> 00:17:00,840
starting to see them do the due 
diligence on this say like give 

335
00:17:00,840 --> 00:17:02,360
the green light that you can 
actually invest in this for 

336
00:17:02,360 --> 00:17:04,400
their funds. 
BlackRock obviously moved very 

337
00:17:04,400 --> 00:17:06,880
quickly to be able to do that 
but there's so many others 

338
00:17:06,880 --> 00:17:10,359
pension funds they've made it 
much easier for corporates to 

339
00:17:10,359 --> 00:17:14,800
buy Bitcoin. 
Remember recently Sovereigns, 

340
00:17:14,800 --> 00:17:17,079
you've, you know obviously El 
Salvador's been the first one 

341
00:17:17,079 --> 00:17:20,040
over the to do this but you have
a number of different sovereigns

342
00:17:20,040 --> 00:17:23,040
looking to do this and they've 
just made it so easy to do. 

343
00:17:23,200 --> 00:17:26,480
Plus you have all the Chinese 
and Asian ETFs going to probably

344
00:17:26,480 --> 00:17:28,200
come live in the next month or 
so. 

345
00:17:28,200 --> 00:17:31,320
Like I I really do think we 
could be in a world where this, 

346
00:17:31,680 --> 00:17:36,320
this is more like a this goes up
to 500 million towards towards 

347
00:17:36,520 --> 00:17:39,080
you know Q2Q3 of this year. 
I agree. 

348
00:17:39,080 --> 00:17:42,840
I think it's like it's been a 
retail product so far and as 

349
00:17:42,840 --> 00:17:46,040
soon as it becomes more of an 
institutional product, those 

350
00:17:46,040 --> 00:17:47,840
numbers could really escalate 
aggressively. 

351
00:17:47,840 --> 00:17:51,400
I think and to your point on 
expecting choppiness, Michael, 

352
00:17:51,400 --> 00:17:54,560
like we've just had, we had a 
2025% pull back. 

353
00:17:55,320 --> 00:17:57,600
And so if you if you've held 
through that and now you see 

354
00:17:57,600 --> 00:18:01,320
we're going back up again like 
that, should you know you expect

355
00:18:01,320 --> 00:18:02,800
more of that basically is what 
I'm trying to say. 

356
00:18:02,800 --> 00:18:05,880
And I think you don't have to 
get so hell bent on trying to 

357
00:18:05,880 --> 00:18:08,760
time these 20% rallies and pull 
backs etcetera. 

358
00:18:08,760 --> 00:18:10,160
I think you can just hold 
through it. 

359
00:18:10,200 --> 00:18:13,520
And that way you're minimizing 
your error of just like selling 

360
00:18:13,520 --> 00:18:16,160
too early basically. 
And I think it's a better 

361
00:18:16,160 --> 00:18:19,720
strategy to have profit targets 
in mind and levels where you 

362
00:18:19,720 --> 00:18:22,760
will sell some and just take it 
off and just stick to those. 

363
00:18:22,760 --> 00:18:24,360
Then being like cool, it's down 
20%. 

364
00:18:24,360 --> 00:18:25,920
I'm going to buy a bit more 
here, it's up 20%. 

365
00:18:25,920 --> 00:18:29,080
I'm going to sell a bit more 
there because the reality is 

366
00:18:29,080 --> 00:18:33,920
there's going to be one rally 
where you where you sell up 20% 

367
00:18:33,920 --> 00:18:36,600
and then it does a fucking 5X 
and you're going to be like or 

368
00:18:36,600 --> 00:18:38,360
there's going to be one time 
where it's down 20%. 

369
00:18:38,360 --> 00:18:39,880
You're going to be like fuck, I 
think it's going to drop more. 

370
00:18:39,880 --> 00:18:41,640
You sell it and then write it 
where it's back in your face and

371
00:18:41,640 --> 00:18:44,960
you just we don't have. 
You can chart as much as you 

372
00:18:44,960 --> 00:18:48,200
want to chart, but at the end of
the day if anyone was really 

373
00:18:48,200 --> 00:18:50,280
good at charting, they'd make a 
shit load of money and you could

374
00:18:50,280 --> 00:18:53,840
just get bots and algo to do it.
So there's still a skill, 

375
00:18:53,960 --> 00:18:55,320
there's still some judgement in 
charting. 

376
00:18:55,320 --> 00:18:59,280
It's not purely technical and so
we just don't have all the same 

377
00:18:59,280 --> 00:19:00,720
colour at the end there. 
Someone's sitting there at 

378
00:19:00,720 --> 00:19:05,920
Coinbase or at Gemini or 
whatever, who knows the ETF data

379
00:19:05,920 --> 00:19:08,120
or who knows who's going to be 
the big seller or the OR the OR 

380
00:19:08,120 --> 00:19:09,920
the big buyer before any of us 
do. 

381
00:19:10,320 --> 00:19:13,000
And we're we're like fourth or 
fifth hand to that information. 

382
00:19:13,000 --> 00:19:16,160
So I think you just have to 
appreciate that it's a rallying 

383
00:19:16,160 --> 00:19:18,000
market. 
It will be choppy, but buying 

384
00:19:18,000 --> 00:19:19,760
and holding and just having 
profit targets where you take 

385
00:19:19,760 --> 00:19:23,040
bits off is going to be a much 
better way to trade than trying 

386
00:19:23,040 --> 00:19:26,280
to time each dip and each pop, 
etcetera. 

387
00:19:26,800 --> 00:19:29,920
We we got asked the question on 
the weekend, where do you think 

388
00:19:29,920 --> 00:19:34,440
Bitcoin goes this cycle? 
I came back with like I think I 

389
00:19:34,440 --> 00:19:38,040
think Bitcoin probably does 
around a 3X from its previous 

390
00:19:38,040 --> 00:19:42,120
all time high, so let's say 
around 200 K but I think it's 

391
00:19:42,120 --> 00:19:45,480
going to be one of those ones 
where as with all of these 

392
00:19:45,480 --> 00:19:48,200
cycles a lot of the gains is 
made right at the end. 

393
00:19:48,400 --> 00:19:51,600
So like you it really like if 
you're holding on it maybe goes 

394
00:19:51,600 --> 00:19:54,840
from like 1:50 to 200 in like a 
couple of months and that's like

395
00:19:54,840 --> 00:19:57,760
a blow off top and you get out 
what, what what do you think? 

396
00:19:58,800 --> 00:19:59,720
Yeah, I agree. 
I think. 

397
00:20:01,080 --> 00:20:03,480
The best part of last cycle or 
the the, the moment we could 

398
00:20:03,480 --> 00:20:06,520
have made the most money was 
really the last 20% when all the

399
00:20:06,520 --> 00:20:08,760
alts go parabolic and you have 
this great big blow off top. 

400
00:20:08,840 --> 00:20:11,840
And we hadn't seen that yet 
because we haven't seen that by 

401
00:20:11,840 --> 00:20:15,440
definition because Bitcoin 
dominance is still 54% and 

402
00:20:16,320 --> 00:20:18,840
remember it dropped as low as 
40% in 2021. 

403
00:20:18,840 --> 00:20:22,760
So I do think the best is yet to
come, but when that best comes, 

404
00:20:22,760 --> 00:20:25,080
I think that's the moment you 
really have to like take a lot 

405
00:20:25,080 --> 00:20:28,360
of profit I think. 
But yeah, I think we just 

406
00:20:28,360 --> 00:20:30,400
haven't seen an old season yet, 
which is crazy to think given 

407
00:20:30,400 --> 00:20:32,720
how much alts are up. 
But I think there's more 

408
00:20:32,720 --> 00:20:36,480
parabola that that's yet to come
and alts. 

409
00:20:36,480 --> 00:20:38,160
What do you what do you think 
Ali was? 

410
00:20:38,240 --> 00:20:40,080
Was your. 
I agree, although I think 

411
00:20:40,080 --> 00:20:42,920
Bitcoin's the daddy here, like I
said that before as well. 

412
00:20:42,920 --> 00:20:46,560
Just like I think I wouldn't be 
surprised if dominance is like 

413
00:20:47,120 --> 00:20:50,440
materially higher than every 
other cycle just because of the 

414
00:20:50,440 --> 00:20:55,280
scale of the inflows into that 
into the single coin from the 

415
00:20:56,320 --> 00:20:59,200
the global financial system, the
global dollar based financial 

416
00:20:59,200 --> 00:21:02,400
system, which I I do believe 
fundamentally it's actually 

417
00:21:02,400 --> 00:21:06,400
impossible for any human being 
to comprehend the scale of like 

418
00:21:07,000 --> 00:21:09,640
the amount of money that's going
to flow into this into this 

419
00:21:09,640 --> 00:21:11,800
thing. 
It's It's like our brains are 

420
00:21:11,800 --> 00:21:14,000
not capable of comprehending the
scale of. 

421
00:21:14,040 --> 00:21:18,120
It like so your your crush, 
Kathy Wood said. 

422
00:21:18,120 --> 00:21:24,400
A couple days that's unfolding, 
Bitcoin could go as high as 3.8 

423
00:21:24,400 --> 00:21:26,400
million. 
The thing. 

424
00:21:26,640 --> 00:21:31,480
About Kathy Wood is she's done 
this for every price target 

425
00:21:31,480 --> 00:21:36,320
she's had. 
All she's done is just like her 

426
00:21:36,320 --> 00:21:39,400
fucking spreadsheets which is 
like number of bitcoins, 

427
00:21:39,440 --> 00:21:42,160
21,000,000, number of bitcoins 
21 million. 

428
00:21:42,160 --> 00:21:46,200
And then she's had some kind of 
estimate of demand and she's 

429
00:21:46,200 --> 00:21:48,280
like a monetary economist by 
background. 

430
00:21:48,280 --> 00:21:53,040
So she's all about like supply 
driven or yeah monetary supply 

431
00:21:53,040 --> 00:21:55,280
driven inflation. 
So she just refreshes our 

432
00:21:55,280 --> 00:21:58,040
spreadsheet and with the 
increased estimated demand and 

433
00:21:58,040 --> 00:22:00,080
that's how she gets the price 
targets. 

434
00:22:00,360 --> 00:22:01,960
I like that. 
Spreadsheet and you love it. 

435
00:22:02,280 --> 00:22:03,080
I really. 
Love it. 

436
00:22:06,240 --> 00:22:11,160
I do think that like I do think 
the new highs will will make 

437
00:22:11,160 --> 00:22:13,000
previous all time highs look 
very very small. 

438
00:22:13,000 --> 00:22:15,160
I think 2X is pretty 
conservative, if I'm honest. 

439
00:22:16,040 --> 00:22:18,680
So so you think you think 200 
you're you're you're in the more

440
00:22:18,800 --> 00:22:21,080
in the Cathy world that that 
doesn't make sense. 

441
00:22:22,000 --> 00:22:23,840
I think it makes sense. 
You and her? 

442
00:22:24,280 --> 00:22:26,400
Very well. 
There's been some more bullish 

443
00:22:26,400 --> 00:22:29,200
sentiment over the weekend, just
reeling off some headlines here.

444
00:22:29,200 --> 00:22:32,680
Bitcoin is crucial to the 
financial system that was said 

445
00:22:32,680 --> 00:22:37,960
by BlackRock over the weekend 
researching, researching Goldman

446
00:22:37,960 --> 00:22:40,080
Sachs. 
He's resurging interest in 

447
00:22:40,080 --> 00:22:42,160
crypto assets. 
That was another one. 

448
00:22:42,480 --> 00:22:45,200
And then Raoul Paul who we have 
on this show fairly regularly 

449
00:22:45,400 --> 00:22:48,440
has called for the macro crypto 
summer to begin. 

450
00:22:48,440 --> 00:22:52,080
Now that's related to a bunch of
different economic indicators 

451
00:22:52,080 --> 00:22:54,240
which he thinks is going to turn
back up this summer. 

452
00:22:54,520 --> 00:22:56,320
He thinks we're we're just in 
the beginning of this. 

453
00:22:56,320 --> 00:23:00,000
So very, very bullish sentiment 
over the weekend in terms of the

454
00:23:00,000 --> 00:23:04,000
things away from Bitcoin which 
are pumping base has probably 

455
00:23:04,000 --> 00:23:06,600
been the main thing that's 
that's picked up the pace over 

456
00:23:06,600 --> 00:23:13,800
the last, over the last I would 
say week or so you saw the TVA. 

457
00:23:13,840 --> 00:23:16,160
Call this. 
Yeah, yeah. 

458
00:23:16,160 --> 00:23:17,000
And you? 
Could pooed me. 

459
00:23:17,600 --> 00:23:19,680
Let's just let's just put that 
out in the public. 

460
00:23:20,360 --> 00:23:22,480
Didn't you want to go into Blast
Mean Coins or or? 

461
00:23:23,120 --> 00:23:25,680
No, that was her. 
Theft. 

462
00:23:25,680 --> 00:23:29,040
I don't know. 
TVL is now up to 2 billion, 

463
00:23:30,080 --> 00:23:33,960
which is wild for a coin with 
for a chain with no coin, right?

464
00:23:33,960 --> 00:23:36,200
There's nothing coming here, at 
least nothing said it's. 

465
00:23:36,200 --> 00:23:37,680
Going to come? 
What about a coin with no chain?

466
00:23:39,520 --> 00:23:44,200
Yeah that would be blast. 
I don't know who's got a coin 

467
00:23:44,200 --> 00:23:46,640
with no chain. 
I guess quite a few different 

468
00:23:46,640 --> 00:23:48,320
things. 
Anyway this has done this has 

469
00:23:48,320 --> 00:23:52,600
done pretty well and I think 
there was something like it it 

470
00:23:52,600 --> 00:23:56,280
did 2 billion a volume in a day 
which was maybe beat Solana in 

471
00:23:56,280 --> 00:23:58,440
one of the days I I missed where
that that come. 

472
00:23:58,440 --> 00:24:00,840
But like a lot of people posted 
about it I didn't know if the 

473
00:24:00,840 --> 00:24:04,000
data was that good but it is 
kind of wild what's going on 

474
00:24:04,000 --> 00:24:06,080
there. 
The main token that has really 

475
00:24:06,080 --> 00:24:09,840
taken off is this Deejin token, 
which is related to forecaster. 

476
00:24:10,960 --> 00:24:14,520
Let me bring it up. 
This is now a $600 million 

477
00:24:14,960 --> 00:24:19,200
market cap. 
It's up 70% of $700 million 

478
00:24:19,200 --> 00:24:20,880
market cap. 
Now it's up 70%. 

479
00:24:20,880 --> 00:24:28,680
Today it was, yeah, that is 
that's done a 4X in the last 

480
00:24:28,680 --> 00:24:31,920
week. 
Really look at that, look at 

481
00:24:31,920 --> 00:24:35,360
that for a chart that is wild. 
Did did you guys get involved in

482
00:24:35,360 --> 00:24:37,960
this? 
A lot of people with this like 

483
00:24:37,960 --> 00:24:40,080
the tipping coin, right? 
A lot of people got tips in this

484
00:24:40,120 --> 00:24:42,480
on Forecaster. 
I know thread guy. 

485
00:24:42,880 --> 00:24:48,280
Thread guy put a post out over 
the weekend where he said he 

486
00:24:48,280 --> 00:24:53,520
made like 50 grand from this. 
Yeah, just claimed 35 grand of 

487
00:24:53,880 --> 00:24:57,160
each for free by doing literally
nothing but giving out free tips

488
00:24:57,160 --> 00:25:00,080
on forecaster. 
I think he's kept that bag. 

489
00:25:00,160 --> 00:25:05,240
So that has. 70%. 
That's probably, yeah, that is 

490
00:25:05,240 --> 00:25:06,920
done pretty well. 
It is kind of wild because I 

491
00:25:06,920 --> 00:25:12,480
think this one did swing from 
ship and you know, I saw the 

492
00:25:12,480 --> 00:25:15,080
bold Leonidas thing today, which
is kind of like this is a forced

493
00:25:15,080 --> 00:25:17,320
narrative. 
It does feel forced, but then it

494
00:25:17,320 --> 00:25:20,720
goes from swings, right? 
It feels under under shield and 

495
00:25:20,720 --> 00:25:23,200
then massively over shield. 
Forecast is one of these things 

496
00:25:23,200 --> 00:25:25,920
that a lot of people hated and 
then people now have crushed it 

497
00:25:25,920 --> 00:25:28,840
on this token. 
So then maybe people were meant 

498
00:25:28,920 --> 00:25:32,440
to be shilling this because this
is kind of wild, this move. 

499
00:25:32,960 --> 00:25:36,760
So I don't really know like 
who's the mid curve here, but it

500
00:25:36,920 --> 00:25:41,440
it does feel like I don't love 
many of the meme coins on base. 

501
00:25:41,440 --> 00:25:44,600
I think a lot of them are kind 
of very mid sort of memes. 

502
00:25:45,720 --> 00:25:48,200
I saw one today, which is just 
it was just called Brian 

503
00:25:48,200 --> 00:25:51,760
Armstrong and I was like there 
was no meme about. 

504
00:25:51,760 --> 00:25:54,240
It it was just funny it. 
Was just Brian. 

505
00:25:54,400 --> 00:25:56,440
That's a meme in itself. 
That was. 

506
00:25:56,800 --> 00:25:58,560
Like so bad. 
This is so. 

507
00:25:58,600 --> 00:26:02,760
This is so base as a as a as a 
maybe I'll find it here Yeah. 

508
00:26:02,760 --> 00:26:06,040
The brine it's just called Bryan
Armstrong Coinbase I. 

509
00:26:07,520 --> 00:26:12,240
Love that. 
This couldn't be more base as a 

510
00:26:12,240 --> 00:26:15,320
meme coin, right? 
There's a lot of memes like this

511
00:26:15,320 --> 00:26:16,600
where you just like where's the 
meme? 

512
00:26:16,680 --> 00:26:20,720
But they are doing, they're 
doing pretty well and D Jin 

513
00:26:20,880 --> 00:26:23,720
related to forecast has just 
done has just done the best out 

514
00:26:23,720 --> 00:26:24,960
of this. 
What do you think is? 

515
00:26:25,240 --> 00:26:29,280
Is it mid curve to be on base or
to be fading base both of you? 

516
00:26:29,800 --> 00:26:32,320
I don't think Forecast is really
good. 

517
00:26:33,000 --> 00:26:35,320
Warp Caster is a really good app
and I don't, I think it's easy 

518
00:26:35,320 --> 00:26:37,560
to say, oh this is just another 
thing that's going to be shit. 

519
00:26:38,200 --> 00:26:43,040
But I went to, I was at the ETH 
Global hackathon a couple of 

520
00:26:43,040 --> 00:26:47,760
weeks ago helping judge that and
50% of the projects were either 

521
00:26:47,760 --> 00:26:50,840
on base or the other 50% were 
using Forecaster. 

522
00:26:51,400 --> 00:26:54,160
And it's like the things you can
do with it are pretty cool, like

523
00:26:54,160 --> 00:26:57,400
this idea of frames. 
Like, you know, it's it's like a

524
00:26:57,560 --> 00:26:59,800
intangible concept unless you 
actually use it and understand 

525
00:26:59,800 --> 00:27:04,080
how good it is. 
I think, and I don't think it's 

526
00:27:04,080 --> 00:27:06,080
just a fad or don't. 
I actually don't think it's a 

527
00:27:06,080 --> 00:27:08,320
force narrative at all. 
People are actively using this 

528
00:27:08,320 --> 00:27:12,400
stuff and it's amazing for Web 
3, it's amazing for artists as 

529
00:27:12,400 --> 00:27:13,840
well. 
You know you can actually just 

530
00:27:13,840 --> 00:27:17,440
mint something straight from 
someone's social media feed when

531
00:27:17,440 --> 00:27:20,280
you have a new piece like that's
the the call to action. 

532
00:27:21,560 --> 00:27:24,080
Removing you having to like go 
to an external link is is 

533
00:27:24,080 --> 00:27:26,920
massive, I think. 
So there's a lot of like 

534
00:27:26,920 --> 00:27:30,440
potential in this and you know 
there is a question like does 

535
00:27:30,440 --> 00:27:33,080
warp cast overtake Twitter or 
does Twitter just eventually 

536
00:27:33,360 --> 00:27:36,320
incorporate frames and 
incorporate broadcaster? 

537
00:27:36,600 --> 00:27:39,760
They're two separate questions, 
but I don't think this is to be 

538
00:27:39,760 --> 00:27:41,920
faded. 
I think this is pretty amazing 

539
00:27:41,920 --> 00:27:45,040
to be honest with you. 
And the base stuff, I mean like 

540
00:27:45,040 --> 00:27:48,520
look the ability for 
connectivity between a coin 

541
00:27:48,520 --> 00:27:52,120
based wallet and coin based 
exchange and base also has 

542
00:27:52,120 --> 00:27:54,240
massive potential in terms of an
onboarding perspective. 

543
00:27:54,240 --> 00:27:56,800
So I don't think you can fade 
that either. 

544
00:27:57,200 --> 00:27:59,440
How do you play it? 
Like, what do you buy? 

545
00:27:59,520 --> 00:28:01,440
It's tough to judge. 
We just buy these meme coins 

546
00:28:01,440 --> 00:28:03,960
right now, and some of them, 
many of them will go to zero. 

547
00:28:04,920 --> 00:28:07,080
Will there ever be a base coin? 
How do you farm it? 

548
00:28:07,080 --> 00:28:09,080
I'm not sure. 
Do you just go and use walk, 

549
00:28:09,080 --> 00:28:10,560
cast a lot? 
Like, we don't really know. 

550
00:28:10,560 --> 00:28:12,720
But I don't. 
I think this is going to be a 

551
00:28:12,720 --> 00:28:14,160
bigger thing. 
I don't think this is. 

552
00:28:15,680 --> 00:28:18,080
It's not a forced narrative, in 
my opinion, at all. 

553
00:28:18,800 --> 00:28:21,640
Yeah, I I just wanted to to say 
briefly there that you you 

554
00:28:21,640 --> 00:28:25,520
mentioned there that you know, 
maybe maybe Twitter will will 

555
00:28:25,520 --> 00:28:27,840
pick up on this stuff. 
Elon actually tweeted over the 

556
00:28:27,840 --> 00:28:30,960
weekend asking where Vitalic had
gone because he stopped 

557
00:28:30,960 --> 00:28:31,760
tweeting. 
Really. 

558
00:28:33,240 --> 00:28:36,920
So I think let me just bring it 
up. 

559
00:28:37,280 --> 00:28:38,200
Yeah. 
Why did he leave? 

560
00:28:38,520 --> 00:28:41,240
Autism Capital asked, you know 
the talc needs to get back on X.

561
00:28:41,240 --> 00:28:43,000
Why did he leave? 
And then he's basically because 

562
00:28:43,000 --> 00:28:45,440
he's on forecaster, he's on 
broadcast. 

563
00:28:45,480 --> 00:28:48,840
That's where he's been doing the
majority of his tweets and 

564
00:28:48,880 --> 00:28:52,240
people everyone, everyone in 
the, the in the replies would be

565
00:28:52,240 --> 00:28:55,760
like you haven't enabled crypto 
payments yet so maybe this does 

566
00:28:55,880 --> 00:29:00,440
you know tell Elon that he needs
to he needs to get more 

567
00:29:00,440 --> 00:29:03,320
involved. 
He's definitely losing. 

568
00:29:04,240 --> 00:29:06,600
He's maybe not losing numbers, 
but he's losing culture here 

569
00:29:06,640 --> 00:29:09,640
because I think a lot of people 
will go will go that way and 

570
00:29:09,640 --> 00:29:12,720
crypto culture, to be honest, I 
think it's the backbone of of a 

571
00:29:12,720 --> 00:29:15,080
lot of X. 
It is. 

572
00:29:15,080 --> 00:29:17,160
It is a huge bit of axe in my 
opinion. 

573
00:29:17,400 --> 00:29:19,160
So maybe maybe he does go down 
that route. 

574
00:29:19,360 --> 00:29:21,000
What about you Callie? 
What do you think about this? 

575
00:29:21,000 --> 00:29:21,960
Obviously you said that I 
failed. 

576
00:29:24,440 --> 00:29:26,520
Just for the records, I broadly 
agree. 

577
00:29:26,520 --> 00:29:29,160
I think like you don't have to 
think any more than this. 

578
00:29:29,160 --> 00:29:33,920
Like Coinbase is kind of the app
of crypto and it's going to be 

579
00:29:33,920 --> 00:29:36,080
very easy to use base through 
the app. 

580
00:29:36,560 --> 00:29:41,280
That's it. 
Like that in itself is probably 

581
00:29:41,280 --> 00:29:46,360
a stronger reason to back this 
coin than 99% of crypto projects

582
00:29:46,360 --> 00:29:49,400
that have it in terms of actual 
usage and actually getting it 

583
00:29:49,400 --> 00:29:51,760
into people's hands and reducing
friction. 

584
00:29:52,960 --> 00:29:56,400
So I think base chain will is 
like and I don't think it's a 

585
00:29:56,400 --> 00:30:01,400
fourth narrative, I think some 
of the memes are made, but I 

586
00:30:01,400 --> 00:30:03,880
think that will just evolve over
time I think. 

587
00:30:03,960 --> 00:30:06,560
And then on broadcaster, I 
actually have never used it and 

588
00:30:06,680 --> 00:30:11,320
like I was just triggered by 
memories of threads and that I'm

589
00:30:11,320 --> 00:30:13,480
not going to waste time on this 
shit. 

590
00:30:13,480 --> 00:30:16,120
Other thing. 
But I spoke to we were at a 

591
00:30:16,120 --> 00:30:23,200
Coinbase dinner last week Humble
brag and yeah, exactly. 

592
00:30:23,320 --> 00:30:27,240
And a lot of the people there 
had been using forecast and they

593
00:30:27,240 --> 00:30:30,640
said, look, it's like Twitter, 
but without just like it's it's 

594
00:30:30,640 --> 00:30:32,280
a filter. 
So you only get actually 

595
00:30:32,280 --> 00:30:37,560
interested engaged people who 
are like massively value add to 

596
00:30:37,560 --> 00:30:40,160
your own network. 
And I think there's definitely 

597
00:30:40,160 --> 00:30:44,320
something to be said in that 
like at certain scales social 

598
00:30:44,320 --> 00:30:48,800
networks massively reduce 
average like perceived value per

599
00:30:48,800 --> 00:30:52,120
user, not financial value. 
Just like value of like who's 

600
00:30:52,120 --> 00:30:54,880
giving out information, who's 
replying to me in an insightful 

601
00:30:54,880 --> 00:30:58,360
way, who's like forwarding 
conversations or driving forward

602
00:30:58,360 --> 00:31:00,320
conversations etcetera. 
And I hadn't really thought 

603
00:31:00,320 --> 00:31:04,400
about it like that. 
And I think that combined with 

604
00:31:04,480 --> 00:31:08,760
the ease of integrating 
financial incentives through the

605
00:31:08,760 --> 00:31:12,960
crypto frames is like powerful, 
but it might die like threads. 

606
00:31:12,960 --> 00:31:17,000
But I feel like it's past that 
initial Phase, I think. 

607
00:31:18,600 --> 00:31:20,400
I think, I think the. 
Threads was Threads was like 

608
00:31:20,400 --> 00:31:23,560
nothing new, IT was just a clone
of Twitter but. 

609
00:31:23,920 --> 00:31:24,920
That's true. 
That's very. 

610
00:31:25,080 --> 00:31:26,600
True. 
It's commercial on steroids 

611
00:31:26,600 --> 00:31:29,800
whereas I think you're right 
like you go to any any viral 

612
00:31:29,800 --> 00:31:32,520
tweet on X at the moment you go 
to the replies and it's just 

613
00:31:32,520 --> 00:31:36,560
other people trying to post kind
of easement baiting videos for 

614
00:31:36,560 --> 00:31:39,720
you to and and because of the 
way it's monetized right 

615
00:31:39,720 --> 00:31:43,480
everyone's monetized based now 
on on engagement essentially. 

616
00:31:43,480 --> 00:31:46,760
So there are accounts which 
basically just piggyback and and

617
00:31:46,920 --> 00:31:48,640
it dilutes the quality of the 
information. 

618
00:31:49,080 --> 00:31:53,360
Obviously what class has has 
been done in different ways So I

619
00:31:53,360 --> 00:31:56,760
don't think you I just think he 
needs to add some more crypto 

620
00:31:56,760 --> 00:31:59,360
friendly features like they they
moved away from that obviously 

621
00:31:59,360 --> 00:32:02,360
they they they stuck down a lot 
of the NFT stuff but yeah you 

622
00:32:02,560 --> 00:32:03,840
you, you go house what are you 
going to say? 

623
00:32:03,920 --> 00:32:05,360
Do you think it's that or is it 
the scale? 

624
00:32:05,360 --> 00:32:09,560
Is it that like every I think 
every network probably in the 

625
00:32:09,560 --> 00:32:14,800
history of humans has become too
big to the point or not every 

626
00:32:14,800 --> 00:32:17,600
99% of networks have become too 
big to the point where it's 

627
00:32:17,600 --> 00:32:20,560
useless. 
Like Facebook is not useless but

628
00:32:20,560 --> 00:32:22,640
it's no longer cool. 
You can't get like good stuff on

629
00:32:22,640 --> 00:32:24,800
there. 
So I think there has to be very 

630
00:32:24,800 --> 00:32:31,080
active management and or gating 
is probably the one word, wrong 

631
00:32:31,080 --> 00:32:35,160
word, but there has to be active
curation and management and 

632
00:32:35,680 --> 00:32:38,760
alignment of incentives for 
these networks to maintain 

633
00:32:38,760 --> 00:32:41,600
quality. 
I think Twitter might be too far

634
00:32:41,600 --> 00:32:43,960
gone there. 
How many active? 

635
00:32:44,840 --> 00:32:47,800
I mean this we're really going 
down drown a rabbit hole here, 

636
00:32:47,800 --> 00:32:50,120
but how many active crypto 
accounts you reckon there are on

637
00:32:50,120 --> 00:32:53,840
on XI? 
Don't think it's that many. 

638
00:32:54,360 --> 00:32:57,240
Probably less than you think, 
but the signal to noise ratio is

639
00:32:57,240 --> 00:32:58,800
just too high. 
That's what I. 

640
00:32:58,840 --> 00:33:01,000
Think I think it's not 
necessarily about the fact that 

641
00:33:01,000 --> 00:33:03,680
our network is too small, right?
Like the, the actual number, 

642
00:33:03,680 --> 00:33:04,680
the. 
Network is too big. 

643
00:33:06,480 --> 00:33:09,800
Sorry, but like it's the same 
network I would probably the 

644
00:33:09,800 --> 00:33:11,800
amount of people that the amount
of accounts that people actually

645
00:33:11,800 --> 00:33:15,200
follow in this network 
regularly, I would say is in the

646
00:33:15,200 --> 00:33:17,800
low thousands, right. 
Like it's not that many people 

647
00:33:17,800 --> 00:33:19,280
that people are following 
actually for their tweets. 

648
00:33:19,280 --> 00:33:20,960
People have accounts, but 
they're really just following a 

649
00:33:20,960 --> 00:33:23,520
few, a few thousand, let's say. 
And I would say even then you 

650
00:33:23,520 --> 00:33:25,200
could refine it into a much 
smaller group. 

651
00:33:25,640 --> 00:33:27,760
I think it's more, yeah, like 
what you said, it's it's just 

652
00:33:27,760 --> 00:33:28,960
got a lot of baggage with it 
right now. 

653
00:33:28,960 --> 00:33:32,080
Like the monetization has 
created this sort of baggage for

654
00:33:32,080 --> 00:33:34,400
the crypto community which is 
actually a bit niche, doesn't 

655
00:33:34,400 --> 00:33:39,000
need this, doesn't need anything
too big to help help suffice it,

656
00:33:39,000 --> 00:33:41,960
it just needs it needs something
more dedicated to it 

657
00:33:41,960 --> 00:33:44,480
essentially. 
Even though it's small, our 

658
00:33:44,480 --> 00:33:47,440
network is not hundreds of 
thousands or millions and 

659
00:33:47,440 --> 00:33:49,920
millions of people, it's it's 
actually quite small. 

660
00:33:49,920 --> 00:33:52,280
I would say. 
It's just it's been underserved 

661
00:33:52,280 --> 00:33:53,400
I think by the current 
framework. 

662
00:33:54,520 --> 00:33:58,080
So yeah I think that it's a bit 
of a vampire attack base is now 

663
00:33:58,080 --> 00:34:00,280
really taking off meme coins is 
the main thing. 

664
00:34:01,560 --> 00:34:04,280
Forecaster walkcast. 
Go go try them out obviously I 

665
00:34:04,280 --> 00:34:06,960
think the claim actually for 
this for this Dejan token is is 

666
00:34:06,960 --> 00:34:10,239
gone but it is still a popular 
tipping tool that yeah and 

667
00:34:10,239 --> 00:34:11,719
you're starting to see some 
other stuff move there. 

668
00:34:12,000 --> 00:34:13,880
The other big thing. 
Sorry, go. 

669
00:34:14,480 --> 00:34:16,360
There you go. 
The the only other thing I was 

670
00:34:16,360 --> 00:34:18,679
going to say actually, and I 
forgot, is like D5I. 

671
00:34:18,800 --> 00:34:22,840
I think I wouldn't be surprised 
if a lot of D5 starts to evolve 

672
00:34:22,840 --> 00:34:25,360
on this chain just because 
Coinbase is such a trusted 

673
00:34:25,360 --> 00:34:29,960
entity and is like you know it's
listed in the US. 

674
00:34:30,280 --> 00:34:33,639
If they if they play it right 
and they support D5 like 

675
00:34:33,639 --> 00:34:39,159
developers and creators, then in
like with like some kind of 

676
00:34:39,840 --> 00:34:42,199
legal help or blah blah blah, I 
don't even know. 

677
00:34:42,280 --> 00:34:45,159
I think that's another element 
which this train can can thrive.

678
00:34:45,880 --> 00:34:47,520
So I would agree with you to an 
extent. 

679
00:34:47,639 --> 00:34:50,120
I think a lot of the perp dexes 
and a lot of D Fi has 

680
00:34:50,120 --> 00:34:53,199
essentially become essentially 
illegal in the US like you can't

681
00:34:53,199 --> 00:34:56,400
do it in the UFCFTC is coming 
out after the vast majority of 

682
00:34:56,400 --> 00:34:58,680
it. 
So not that much D Fi happens on

683
00:34:59,160 --> 00:35:01,080
on base right now. 
A lot of it's commercial 

684
00:35:01,080 --> 00:35:06,320
applications you know it's this 
sort of social Fi or or although

685
00:35:06,680 --> 00:35:09,480
BlackRock tokenize its fund 
alongside Coinbase. 

686
00:35:09,600 --> 00:35:13,360
So if the RWA narrative picks up
and you start to see 

687
00:35:13,360 --> 00:35:17,560
tokenization I think there's a 
path for for more tokenization D

688
00:35:17,560 --> 00:35:23,840
Phi on on on base which against 
I guess is more trad Phi style D

689
00:35:23,840 --> 00:35:26,920
Phi. 
Whereas a lot of the, I think a 

690
00:35:26,920 --> 00:35:32,640
lot of the the the you know perp
decks is a lot of the more edgy 

691
00:35:32,640 --> 00:35:34,200
D Phi stuff. 
I don't think it's going to move

692
00:35:34,200 --> 00:35:36,440
there and that that actually 
takes up a lot of what D Phi is 

693
00:35:36,440 --> 00:35:37,720
right now. 
So I think it's a it's a mixture

694
00:35:37,720 --> 00:35:41,360
of both but we I mean blasted 
and doing decently too. 

695
00:35:41,360 --> 00:35:44,280
I think the one meme coin there 
well the main meme coin now Pack

696
00:35:44,280 --> 00:35:46,320
Moon's gone back to its all time
high. 

697
00:35:46,320 --> 00:35:51,080
Now you got back there OSF for 
free and this yield token you 

698
00:35:51,160 --> 00:35:56,280
you you guys been following this
crypto valleys which is kind of 

699
00:35:56,280 --> 00:36:04,400
another so back last last cycle 
this game 5D5 stuff became very 

700
00:36:04,400 --> 00:36:06,120
very big. 
There were a number of different

701
00:36:06,120 --> 00:36:08,840
games. 
Defi Kingdoms is probably the 

702
00:36:08,840 --> 00:36:12,880
biggest and it got to got to 
like a / a billion dollar market

703
00:36:12,880 --> 00:36:16,080
cap at one stage And then I mean
I'll bring up that fucking 

704
00:36:16,080 --> 00:36:18,320
chart. 
It's it's a disaster ever since.

705
00:36:18,320 --> 00:36:24,040
These things are generally kind 
of Ponzi like games very similar

706
00:36:24,040 --> 00:36:26,120
to some of the sums you they 
kind of moved into the crypto 

707
00:36:26,120 --> 00:36:30,600
space a little bit and they're 
like extended versions of Ponzi 

708
00:36:30,600 --> 00:36:33,480
so and I don't know if I'm going
to offend people here but things

709
00:36:33,480 --> 00:36:36,800
like Wolf game you know you had 
a few of those that kind of 

710
00:36:37,120 --> 00:36:40,200
moved into this space and they 
were similar like yeah they they

711
00:36:40,200 --> 00:36:42,760
stay involved but essentially 
it's like a a drawn out Ponzi 

712
00:36:42,760 --> 00:36:47,400
and D5 Kingdoms was the biggest 
one in just the D5 space. 

713
00:36:47,760 --> 00:36:49,920
They've now got a new version of
crypto valleys which is which 

714
00:36:49,920 --> 00:36:53,960
has gone up to about $150 
million market cap on that space

715
00:36:55,480 --> 00:36:58,960
and I don't know these is big 
into this this is the number one

716
00:36:58,960 --> 00:37:01,680
traded coin on blast right now 
this is this is definitely the 

717
00:37:01,680 --> 00:37:04,720
biggest thing to happen on blast
in terms of the like the daps 

718
00:37:04,720 --> 00:37:07,720
which people are using if you 
have you guys played this game 

719
00:37:07,720 --> 00:37:13,520
at all or even looked at it no. 
All right well maybe something's

720
00:37:13,800 --> 00:37:17,840
neither of you 2 have threw it 
your way but yeah these is the 

721
00:37:17,840 --> 00:37:19,960
person to follow there I think 
thread guys even involved 

722
00:37:19,960 --> 00:37:24,040
actually these and thread guy 
are are you know yeah I think 

723
00:37:24,040 --> 00:37:26,800
90% of these is tweets at the 
moment have to do with playing 

724
00:37:26,800 --> 00:37:31,880
this game and just buy the token
I think stake it or you can play

725
00:37:31,880 --> 00:37:36,440
the game it's basically AD 5 
farming game kind of simple my 

726
00:37:36,440 --> 00:37:38,200
favorite. 
My favorite meme about about 

727
00:37:38,200 --> 00:37:40,280
this is like. 
This man my. 

728
00:37:40,560 --> 00:37:45,520
Favorite meme about this is just
the fucking you know, isn't it? 

729
00:37:45,520 --> 00:37:48,760
Isn't this just the same as 
running a fucking small farm For

730
00:37:49,080 --> 00:37:51,440
You're doing it for crypto 
money, but you might as well do 

731
00:37:51,440 --> 00:37:54,720
it for real for money. 
Yeah, well, I, I you never 

732
00:37:54,720 --> 00:37:56,480
played like Harvest Moon or any 
of those games. 

733
00:37:56,720 --> 00:37:59,200
No, not the actual game. 
I mean like a farm. 

734
00:37:59,720 --> 00:38:02,000
I know, but like farming games 
are super popular man. 

735
00:38:02,000 --> 00:38:04,840
Like they people. 
Like you know life's tough in 

736
00:38:04,840 --> 00:38:06,760
the big city. 
You know you you can't get out 

737
00:38:07,000 --> 00:38:09,160
with nature. 
You got to play some farming 

738
00:38:09,160 --> 00:38:10,840
game on your phone. 
You feel like you're out there 

739
00:38:10,840 --> 00:38:12,000
fishing. 
You feel like you're out there 

740
00:38:12,000 --> 00:38:14,160
farming gets get people back. 
What? 

741
00:38:14,760 --> 00:38:17,320
Was the what was the farming 
game on Nintendo DS called 

742
00:38:17,320 --> 00:38:19,680
again? 
I thought it was Harvest Moon. 

743
00:38:19,680 --> 00:38:21,360
Yeah, yeah. 
Yeah, yeah, yeah. 

744
00:38:21,400 --> 00:38:22,160
That was it. 
That was it. 

745
00:38:22,400 --> 00:38:27,560
FarmVille then obviously became 
massive after that which was and

746
00:38:27,560 --> 00:38:29,920
there's still this bunch of 
these sort of games farming 

747
00:38:29,920 --> 00:38:34,240
games don't fade farming games 
but it has been meme coins as 

748
00:38:34,240 --> 00:38:36,800
well which have just kind of led
this resurgence with actually 

749
00:38:36,800 --> 00:38:40,120
have it up here it's back up to 
nearly $3. 

750
00:38:41,000 --> 00:38:44,680
All the political meme coins are
absolutely mooning right now. 

751
00:38:45,200 --> 00:38:49,560
I've obviously been big in the 
in the Bowden meme, which is 

752
00:38:49,560 --> 00:38:51,960
kind of low key going a little 
bit mainstream here. 

753
00:38:51,960 --> 00:38:58,760
I saw I saw Zero Hedge tweet 
tweet about it earlier. 

754
00:39:00,560 --> 00:39:03,520
Zero Hedge. 
Is it true that you're the 

755
00:39:03,720 --> 00:39:06,080
you're the you're the person 
behind Zero Hedge Callie? 

756
00:39:08,720 --> 00:39:12,720
I can neither confirm nor deny 
the the Zero Hedge rumours that 

757
00:39:12,720 --> 00:39:15,000
have been floating around my 
persona for a long time. 

758
00:39:15,000 --> 00:39:17,520
It. 
Wouldn't surprise me but yeah 

759
00:39:17,720 --> 00:39:20,240
this is a this is a Donald 
Trump. 

760
00:39:20,400 --> 00:39:23,800
Donald Trump up 120%. 
Joe Bowden, these things are 

761
00:39:23,800 --> 00:39:26,080
flying at the moment. 
The political meme coins 

762
00:39:26,480 --> 00:39:29,280
definitely got a bit bit more 
mainstream but and any kind of 

763
00:39:29,520 --> 00:39:33,160
any mid tier meme on Solana 
anything kind of 100 million 

764
00:39:33,160 --> 00:39:34,320
plus had a really strong 
weekend. 

765
00:39:34,320 --> 00:39:37,000
You had a bunch of listings 
again I think pop cap. 

766
00:39:37,560 --> 00:39:40,800
Is that just capital rotating 
out of like offensive coins into

767
00:39:40,800 --> 00:39:42,680
non offensive coins or like or 
I? 

768
00:39:42,760 --> 00:39:46,040
Think that was it but also this 
this coins when they get above 

769
00:39:46,040 --> 00:39:49,560
100 million right now they tend 
to get a lot of listings So like

770
00:39:50,280 --> 00:39:55,080
I think popcat popcat got a 
listing from buy bit I think 

771
00:39:55,080 --> 00:39:59,480
over the weekend on so once they
get over 100 all these all these

772
00:39:59,480 --> 00:40:02,200
exchanges are really keen to 
list these meme coins right now.

773
00:40:02,200 --> 00:40:04,920
So any because the volumes are 
insane. 

774
00:40:05,240 --> 00:40:08,160
The volumes are really hard 
about the the the more than most

775
00:40:08,160 --> 00:40:11,880
coins on more than most coins 
even across you know. 

776
00:40:12,840 --> 00:40:16,120
Different exchanges. 
So kind of a wild move in a in a

777
00:40:16,120 --> 00:40:20,440
bunch of different meme coins. 
Oh well, there's new there's a 

778
00:40:20,440 --> 00:40:25,360
new trump on on on base, on 
base. 

779
00:40:26,560 --> 00:40:28,680
We're running it back. 
We are running it back. 

780
00:40:28,680 --> 00:40:31,520
So yeah, it does feel as though 
political meme coins have been a

781
00:40:31,520 --> 00:40:33,600
big, big one. 
Obviously all the defensive ones

782
00:40:33,600 --> 00:40:37,320
have kind of all died and base 
meme coins are the other are the

783
00:40:37,320 --> 00:40:39,920
other big ones. 
I know you got involved in 

784
00:40:39,920 --> 00:40:41,960
something the other weekend 
which is this Howdy token as 

785
00:40:41,960 --> 00:40:44,680
well like that was one of the 
the NF TS have been a little 

786
00:40:44,680 --> 00:40:46,240
again. 
You know they're they're losing 

787
00:40:46,240 --> 00:40:49,000
a little bit of focus. 
Puppets are still around all 

788
00:40:49,000 --> 00:40:53,600
time high but the majority of 
the front page of of Degens is a

789
00:40:53,600 --> 00:40:58,400
little bit red. 
But this Howdy hats token, what 

790
00:40:58,400 --> 00:41:06,640
is this OSF? 
So these were these Howdy Hat NF

791
00:41:06,640 --> 00:41:10,120
TS were airdropped to I believe 
collectors or holders of this 

792
00:41:10,120 --> 00:41:14,240
piece called Rubber which was 
made by a person called Crypto 

793
00:41:14,240 --> 00:41:18,200
Pop Punk. 
And the idea behind Howdy Hats 

794
00:41:18,200 --> 00:41:22,200
is the trading revenues or 
royalties from a week will go 

795
00:41:22,200 --> 00:41:26,760
towards funding the LP for a 
shit coin that's coming and 

796
00:41:26,760 --> 00:41:31,040
holders I I say shit coin for a 
meme coin that's coming just 

797
00:41:31,040 --> 00:41:37,520
give us some respect to it and 
holders of the NMTS will get air

798
00:41:37,520 --> 00:41:41,280
dropped I think 66% of the 
supply of this coin. 

799
00:41:41,280 --> 00:41:43,320
So it's interesting how it's 
worked. 

800
00:41:43,320 --> 00:41:46,760
It's kind of like a little bit 
of a pre sale because you can 

801
00:41:46,760 --> 00:41:53,600
buy the NFTS to the AirDrop and 
it's kind of smart in how that 

802
00:41:53,600 --> 00:41:56,520
they're using the royalties 
generated from the NFT trading 

803
00:41:56,520 --> 00:42:00,560
in order to fund some of the LP.
So it's just it's done. 

804
00:42:01,480 --> 00:42:03,640
Yeah. 
So the snapshot, the snapshot 

805
00:42:03,640 --> 00:42:05,600
was already taken. 
So the coin is launching today 

806
00:42:06,080 --> 00:42:08,720
and we'll see how that goes. 
Certainly an interesting one. 

807
00:42:08,720 --> 00:42:11,200
I mean it's not something I 
would have done myself because 

808
00:42:11,200 --> 00:42:14,160
you're giving future value to 
these NFTS in the form of a 

809
00:42:14,160 --> 00:42:17,600
token, which certainly in my 
opinion, in my legal opinion 

810
00:42:17,600 --> 00:42:21,040
makes them a security. 
And I think generally people who

811
00:42:21,040 --> 00:42:22,840
are just doing this kind of 
stuff and pre sales etcetera, 

812
00:42:22,840 --> 00:42:25,320
they're all going to get into 
trouble especially if they've 

813
00:42:25,320 --> 00:42:27,640
raised a large amount. 
So not what I would have done 

814
00:42:27,920 --> 00:42:31,440
personally, but something to de 
get in absolutely. 

815
00:42:31,960 --> 00:42:34,440
And you know, we'll see how that
plays out. 

816
00:42:34,480 --> 00:42:36,400
And if it goes really well, then
I think you will see other 

817
00:42:36,400 --> 00:42:43,640
people tread the the treacherous
lines of legality versus prison 

818
00:42:43,760 --> 00:42:46,960
and wow. 
Coming in hot, coming in hot OSF

819
00:42:46,960 --> 00:42:49,880
turned into a Fed again. 
So yeah, it's basically another 

820
00:42:49,880 --> 00:42:52,280
way to do a pre sale. 
That's all it is via an NFT. 

821
00:42:52,280 --> 00:42:57,000
So your NFT becomes your pre 
sale there and the Wreck Guy 

822
00:42:57,000 --> 00:43:00,320
community got into it, didn't it
pretty big because obviously the

823
00:43:00,320 --> 00:43:03,640
end of the art piece as well it 
is a, you know it's got a hat. 

824
00:43:03,640 --> 00:43:07,440
So that's quite a big that's 
quite a big thing in this in 

825
00:43:07,440 --> 00:43:09,320
this market people people like 
the hats. 

826
00:43:09,600 --> 00:43:12,480
Have you looked at this Callie? 
Is this too mid for you or or 

827
00:43:12,480 --> 00:43:14,680
left curve or right curve? 
Hat I was actually away over the

828
00:43:14,680 --> 00:43:20,400
weekend I was off grade shall we
say, but so no I did not sadly. 

829
00:43:20,400 --> 00:43:23,760
But the the the NFT just goes to
zero straight after the pre sale

830
00:43:23,760 --> 00:43:25,200
essentially. 
Is that right it? 

831
00:43:25,520 --> 00:43:29,160
Hasn't actually gone to zero. 
It's gone to about 1 1/2, so it 

832
00:43:29,160 --> 00:43:32,440
was about 10 soul beforehand, so
it lost about 90% of its value. 

833
00:43:32,440 --> 00:43:36,440
But yeah, it's it's, you know, 
it's not doing that well, let's 

834
00:43:36,440 --> 00:43:38,320
see how that goes tomorrow. 
This could be like, say, it 

835
00:43:38,320 --> 00:43:41,200
could be an interesting matter. 
Tate brothers, the Tate brothers

836
00:43:41,200 --> 00:43:42,480
might be getting into shielding 
coins. 

837
00:43:42,480 --> 00:43:43,000
Do you? 
See this. 

838
00:43:45,000 --> 00:43:48,440
Mind you, Tate, having told us 
all that NFTS were for losers 

839
00:43:49,120 --> 00:43:52,080
and that you know he made more 
money in crypto than anyone else

840
00:43:52,080 --> 00:43:54,960
and still hated it. 
Yeah, he's now said there's mean

841
00:43:54,960 --> 00:43:57,880
coins that that that are great, 
but each bull run there. 

842
00:43:57,920 --> 00:44:01,800
There are the genuine, 
genuinely, technologically 

843
00:44:01,800 --> 00:44:04,120
useful innovating blockchain 
coins. 

844
00:44:04,120 --> 00:44:06,680
What the fuck does that mean? 
He's long space, clearly. 

845
00:44:07,280 --> 00:44:11,440
Last Bull run was defiant and 
made 85,000,000 on pancake. 

846
00:44:11,440 --> 00:44:13,240
Do you know what they are, this 
bull run? 

847
00:44:13,320 --> 00:44:16,440
They, him and his brother are 
both setting themselves up to 

848
00:44:16,440 --> 00:44:17,760
shells the meme coins. 
Tristan. 

849
00:44:18,120 --> 00:44:22,200
Tristan Tate did the same thing.
Let's see what happens there. 

850
00:44:22,600 --> 00:44:25,400
Maybe they need some new money 
for their legal defence, who 

851
00:44:25,400 --> 00:44:27,080
knows? 
Definitely feels like they could

852
00:44:27,080 --> 00:44:29,360
make a pretty penny of this sort
of stuff, doesn't it? 

853
00:44:29,880 --> 00:44:36,560
Very, very easy to make money. 
The key skill in any media 

854
00:44:36,560 --> 00:44:38,840
personality is understanding 
what your audience wants. 

855
00:44:38,840 --> 00:44:41,760
And if your audience wants meme 
coins, you can give them meme 

856
00:44:41,760 --> 00:44:43,640
coins. 
It does feel like they want meme

857
00:44:43,640 --> 00:44:44,640
coins. 
Did you see? 

858
00:44:44,840 --> 00:44:48,920
Did you see the videos over the 
weekend of that guy in Dubai who

859
00:44:48,920 --> 00:44:53,440
wants to break soul? 
He's been memed already. 

860
00:44:53,480 --> 00:44:54,160
Several. 
Times. 

861
00:44:54,160 --> 00:44:56,120
What's his name again? 
Mr. Something? 

862
00:44:56,120 --> 00:44:59,360
Mr. Overpaid? 
Oh my God, this was incredible. 

863
00:45:00,960 --> 00:45:05,280
I have only found out about this
guy is going to passively over 

864
00:45:05,280 --> 00:45:07,720
the next couple of weeks. 
It went down a little bit. 

865
00:45:07,720 --> 00:45:11,280
The crypto men were panicking 
across the world. 

866
00:45:11,640 --> 00:45:15,600
This isn't it. 
Who is this crowd? 

867
00:45:15,600 --> 00:45:17,440
Why? 
Bitcoin now is going to go up to

868
00:45:17,640 --> 00:45:20,560
80 K 85,000 over the next couple
of weeks. 

869
00:45:20,560 --> 00:45:24,920
So you guys paid good money. 
You paid $5000 Bitcoin. 

870
00:45:24,920 --> 00:45:28,720
MasterCard, look at this. 
Look at this. 

871
00:45:29,400 --> 00:45:31,560
Amanda, that's you in an 
alternative universe. 

872
00:45:32,120 --> 00:45:35,280
You think that's the Solana one 
he must have deleted? 

873
00:45:35,280 --> 00:45:36,640
I think he deleted the Solana 
one. 

874
00:45:38,240 --> 00:45:43,240
Was it Mr. Overpaid Solana? 
Let's see if someone saved it. 

875
00:45:43,240 --> 00:45:46,720
Please say someone saved it. 
He just got destroyed. 

876
00:45:47,760 --> 00:45:50,680
This is disgusting. 
This is awful in every way. 

877
00:45:50,920 --> 00:45:52,960
If I could kill it, I would. 
No, no one. 

878
00:45:52,960 --> 00:45:55,680
But I legally. 
No one's kept the video. 

879
00:45:55,760 --> 00:45:58,720
No one's kept the video. 
A lot of. 

880
00:45:58,800 --> 00:46:01,920
People were saying it was AI 
generated because his hair looks

881
00:46:01,920 --> 00:46:05,960
like this very specific balding 
man 3IN Unreal Engine. 

882
00:46:08,120 --> 00:46:09,840
His hair is his hair is 
something. 

883
00:46:09,840 --> 00:46:11,200
He's either going to shave it 
off. 

884
00:46:14,280 --> 00:46:17,280
Oh, no one's kept the video. 
He deleted it, clearly. 

885
00:46:17,280 --> 00:46:20,720
But this guy basically said that
him and his him and his paid 

886
00:46:20,720 --> 00:46:23,080
group were going to break Solana
over the weekend. 

887
00:46:24,640 --> 00:46:27,760
Not a very convincing man. 
Literally zero expression for 

888
00:46:27,760 --> 00:46:30,000
anyone in the crowd. 
I don't know who paid to go to 

889
00:46:30,000 --> 00:46:35,160
this Bitcoin master class with 
this with this clown, but he he 

890
00:46:35,160 --> 00:46:38,360
seems to seems to be doing well.
He keeps on showing videos of 

891
00:46:38,920 --> 00:46:40,160
all of his cars over the 
weekend. 

892
00:46:40,160 --> 00:46:46,000
Great car that it's like a used 
Honda Civic and oh God, this 

893
00:46:46,040 --> 00:46:47,880
this guy. 
I think he's going to blow up 

894
00:46:47,880 --> 00:46:50,880
over the next few months. 
There's no way like they've 

895
00:46:51,160 --> 00:46:53,120
crypto fit. 
Twitter has found a new target. 

896
00:46:55,080 --> 00:46:55,600
Him. 
Him. 

897
00:46:57,400 --> 00:47:05,200
Wow, look at that class, 
$1,000,000 made from 2 XRP 

898
00:47:05,200 --> 00:47:09,560
trades. 
Well, no one trades XRP mate, so

899
00:47:10,240 --> 00:47:12,000
I think he thinks he's everyone 
knows. 

900
00:47:12,000 --> 00:47:14,840
That my friend actually texted 
me this morning saying should he

901
00:47:14,840 --> 00:47:17,360
take a job at XRP? 
Is it a growing company? 

902
00:47:18,000 --> 00:47:19,840
They're going to try an IPO. 
Apparently they're going to try 

903
00:47:19,840 --> 00:47:23,840
an IPO in the US Could be, yeah,
that's what that's that's the 

904
00:47:23,840 --> 00:47:27,240
hot rumour that they're. 
Going to be That would be 

905
00:47:27,240 --> 00:47:32,240
incredible. 
Yeah, well, remember Circle's 

906
00:47:32,240 --> 00:47:34,640
IPO ING, right. 
And people like who's who's the 

907
00:47:34,720 --> 00:47:39,320
next one is going to try an IPO.
And people say Ripple, so maybe 

908
00:47:39,400 --> 00:47:40,720
maybe they'll make money out of 
this. 

909
00:47:42,640 --> 00:47:44,160
I would. 
Buy circle IPO. 

910
00:47:44,200 --> 00:47:48,000
That's just like a basically 
huge arbitrage trade on on 

911
00:47:48,000 --> 00:47:53,480
interest rates, which is good. 
Who are these blokes founders of

912
00:47:53,480 --> 00:47:57,600
Solana? 
Is is the look at these three. 

913
00:47:57,840 --> 00:48:03,280
So it's this Canary Labs in In 
Another World that's OSF in the 

914
00:48:03,280 --> 00:48:11,240
middle, Cowley, Manda. 
Wow, look at this. 

915
00:48:11,440 --> 00:48:13,880
Look at this. 
Everyone's trying to do the 

916
00:48:13,880 --> 00:48:17,480
Andrew Tate trade, aren't they? 
And it's just it is embarrassing

917
00:48:17,480 --> 00:48:22,520
to see. 
Hey, I I I tip my hat to anybody

918
00:48:22,520 --> 00:48:27,560
in business, I'll say that. 
Anyway, shut up. 

919
00:48:28,240 --> 00:48:29,800
We're on the lookout for Mr. 
Overpaid. 

920
00:48:29,960 --> 00:48:32,040
Feel like he is his main 
character and himself over the 

921
00:48:32,040 --> 00:48:33,560
next over the next couple of 
months. 

922
00:48:34,600 --> 00:48:37,680
What else did we see in AF TS? 
Kevin Hartzold has bought 8 for 

923
00:48:37,680 --> 00:48:41,040
an 83% loss. 
Nature is healing. 

924
00:48:41,080 --> 00:48:44,960
We'll see how that happens. 888 
defaulted on an FT loan over the

925
00:48:44,960 --> 00:48:49,000
weekend to to Cyrus, which I 
thought was pretty funny and 

926
00:48:49,000 --> 00:48:51,080
everyone remembers a A8. 
I think that's a good is that. 

927
00:48:51,280 --> 00:48:53,080
Like a bottom, Is that a bottom 
signal I think. 

928
00:48:53,600 --> 00:48:57,280
It was I think I think we're 
we're nearly there on on bottom 

929
00:48:57,280 --> 00:49:01,240
signals there if a A8 is is 
defaulting on other sides I feel

930
00:49:01,240 --> 00:49:05,360
like that feels so so reverse of
the top right there. 

931
00:49:05,400 --> 00:49:11,120
Yeah and I don't know what else 
have we seen that was kind of 

932
00:49:11,120 --> 00:49:12,960
it. 
I think for for NFTS there were 

933
00:49:12,960 --> 00:49:17,080
some some high, high sales in 
the in the ordinal space I think

934
00:49:17,080 --> 00:49:19,360
a Bitcoin rock or an ordinal 
rock traded for around 200 

935
00:49:19,360 --> 00:49:22,840
grand. 
But again it's mainly been NFTS.

936
00:49:22,920 --> 00:49:25,800
You saw some big open edition 
mints last week obviously X 

937
00:49:25,800 --> 00:49:28,720
copies raised I think around 
$2,000,000 or something like 

938
00:49:28,720 --> 00:49:31,120
that and a lot of them are 
happening on base right now. 

939
00:49:31,120 --> 00:49:35,400
So a lot of different people 
doing are doing open editions on

940
00:49:35,400 --> 00:49:38,000
base, which feels like it's 
clearly going to be a bit of a 

941
00:49:38,000 --> 00:49:40,680
trend. 
You saw that Ghazali guy came 

942
00:49:40,680 --> 00:49:46,200
back, God, he did, he did a 
couple of Griffs and then I 

943
00:49:46,200 --> 00:49:49,360
think he's going to leave. 
He did a a four O 4 and then did

944
00:49:49,360 --> 00:49:53,680
a base, a base mean coin. 
And then you saw, yeah, 

945
00:49:53,680 --> 00:49:58,320
ordinals, ordinals could just 
continue to flip ether NFTS, so 

946
00:49:58,440 --> 00:50:04,320
no monkeys flipped for apes in 
market cap and you saw puppets 

947
00:50:04,320 --> 00:50:07,120
flip mutant apes. 
So two of the main collections 

948
00:50:07,120 --> 00:50:10,760
on ordinals have both flipped 
yoga over over the weekend. 

949
00:50:10,760 --> 00:50:14,280
So not really surprising in 
terms of the trend, but that 

950
00:50:14,360 --> 00:50:17,480
that isn't great I think for for
euthanotes even if they have 

951
00:50:17,480 --> 00:50:20,000
rebounded slightly over the over
the last few days. 

952
00:50:20,440 --> 00:50:22,920
Is is there a narrative that 
bought aches can rally here? 

953
00:50:22,920 --> 00:50:26,240
Or is it just like, is it like a
prolonged shit coin chart or 

954
00:50:26,240 --> 00:50:28,840
just asymptotically approaches 
0? 

955
00:50:29,280 --> 00:50:31,920
Yeah, you know, Ape Coin hasn't 
been doing that badly. 

956
00:50:33,680 --> 00:50:36,440
Ape Coin. 
I think that's separate though, 

957
00:50:36,440 --> 00:50:37,760
right? 
Like that's just listed people 

958
00:50:37,760 --> 00:50:39,640
from Punta. 
It's just a beta. 

959
00:50:39,640 --> 00:50:43,360
It's a Bitcoin basically. 
Yeah, yeah. 

960
00:50:43,600 --> 00:50:45,520
I mean, it's not looking good, 
let's put it that way. 

961
00:50:46,360 --> 00:50:49,760
It's it's been bearish flips 
really like a lot of ETH NFTS 

962
00:50:49,760 --> 00:50:52,400
are falling and really the ones 
that are outperforming. 

963
00:50:52,800 --> 00:50:56,760
Whereas ordinals themselves, 
it's not like loads of ETH NFTS 

964
00:50:56,760 --> 00:50:58,600
are doing great. 
Like ever gone to this chart, 

965
00:50:59,120 --> 00:51:02,520
Penguins have done OK. 
But definitely in the last month

966
00:51:02,520 --> 00:51:04,800
it's been a bit of a bloodbath. 
Apart from the parallel stuff, 

967
00:51:04,800 --> 00:51:07,480
which has done well in Milady's 
even though they got like 

968
00:51:07,480 --> 00:51:09,680
hacked, it's really just been 
the ordinals. 

969
00:51:10,120 --> 00:51:13,640
Ordinals do not care about 
where, you know Ethan of TS 

970
00:51:13,640 --> 00:51:15,080
trade. 
They're just going higher. 

971
00:51:15,280 --> 00:51:17,800
There's air drops every every 
other day for them. 

972
00:51:18,960 --> 00:51:21,120
They're all up significantly, it
feels like. 

973
00:51:22,000 --> 00:51:25,760
So at least the top, top 
collections, little bit of 

974
00:51:25,760 --> 00:51:27,800
tension between the Node 
Monkeys, Bitcoin puppets, 

975
00:51:27,800 --> 00:51:29,480
communities. 
I'm more of a puppets guide than

976
00:51:29,480 --> 00:51:32,520
node monkeys guide. 
But it's interesting to see how 

977
00:51:32,520 --> 00:51:34,880
that one develops as as like the
two collections. 

978
00:51:36,520 --> 00:51:38,400
Look, I think that's that's what
we'll leave it today. 

979
00:51:38,400 --> 00:51:41,880
It's been just shy of an hour 
Sims. 

980
00:51:41,880 --> 00:51:44,480
Are we doing anything with Robit
today or or tomorrow? 

981
00:51:44,560 --> 00:51:46,720
We're all clear. 
OK. 

982
00:51:46,720 --> 00:51:49,560
I think it's just going to be me
and probably cows. 

983
00:51:49,680 --> 00:51:52,920
I think tomorrow OSF is. 
When do I start getting paid as 

984
00:51:52,920 --> 00:51:57,680
a rock radio creator? 
You tell me mate, we'll talk 

985
00:51:57,680 --> 00:51:58,840
there. 
We go. 

986
00:52:03,520 --> 00:52:05,280
Spicy. 
On. 

987
00:52:09,800 --> 00:52:12,720
That note, Francis will get paid
one day, you know. 

988
00:52:14,400 --> 00:52:16,520
All right, we will see you guys 
all again tomorrow. 

989
00:52:16,880 --> 00:52:20,200
Thank you for joining us. 
And yeah, we will be here all 

990
00:52:20,200 --> 00:52:21,000
week. 
All right. 

991
00:52:21,080 --> 00:52:21,560
Thanks guys.