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Yo-yo, yo, what up, what up? 
Good morning, Good morning, 

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GMGN. 
Thursday. 

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Oh, it's a beautiful day. 
Look at that. 

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Thursday, October. 
Although it's funny, the first 

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day of October and the last day 
of October. 60 down 31st. 

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Spooky. 202444 Happy Halloween 
ladies and gents, it's a 

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beautiful day to have a 
beautiful day with my wonderful 

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Co hosts in the house, Tyler 
Mando. 

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Good morning. 
How you guys doing today? 

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I'm doing great. 
How are you? 

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I'm doing fantastic Mando. 
It's actually 25° in Montreal on

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October 21st. 21st yeah. 
That's wild. 

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Yeah, it's actually not normal. 
I appreciate record-breaking, 

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but it it was -6° on Saturday 
night. 

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Yeah, so let me. 
Tell you where the weather is, 

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where I am. 
So in just so people realize 

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that swings, it went from 21 
Fahrenheit to 77 Fahrenheit in 

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four days. 
So we went from 70 Fahrenheit to

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20 Fahrenheit to 70 Fahrenheit 
in a span of seven days. 

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So yeah, it's. 20° where I am. 
20° where I am. 

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It's 20° where I am right now 
and it's 10:00 AM, which is 

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wild. 
But you know, I gotta say, you 

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know, hate to put that on the 
record, but that climate change,

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you know, it's been kind of good
to us over here. 

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You know, it's been kind of good
to us. 

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The only downside is like we 
haven't really been getting snow

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on Christmas the last few years,
which is really odd for 

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Montreal. 
So it kind of sucks. 

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Yeah, that's terrible. 
That's terrible. 

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It's terrible. 
It's funny you say that. 

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So like, Chicago is a pretty 
snowy town. 

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Yeah, it is right. 
The bigger downsides, my kids 

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are four and five year olds, 
four and five. 

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They really haven't played in 
snow. 

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We have not really had 
substantial snow for. 

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It's it's around it time checks 
out. 

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Five years, the last 4-5 years, 
yeah, it's, you know what's 

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crazy? 
So the kids today will, I mean, 

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it's good for the kids going 
trick or treating in Montreal 

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today because like I've trick or
treated in snow in like -10° 

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when I was a kid like 20 years 
ago. 

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Whereas nowadays, like the kids 
get easy, right? 

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They get to go trick or 
treating. 

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The parents are in T-shirts. 
The parents are rejoicing. 

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I may go trick or treating 
today. 

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I actually have a question for 
you guys. 

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Is it weird if I go trick or 
treating? 

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Like why didn't the grown man 
what, what my friend Pero was 

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like, I'll I'll tase you if you 
came trick or treating to my 

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door and the wizard said I will 
shock on you. 

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I'm like yeah like Wizard will 
blow my head off and pero I mean

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he can only tase me because from
Toronto, right? 

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But like. 
Well, Wizard's off voting in 

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California somewhere, yeah. 
Well, you guys wait, is it Wait,

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hold on. 
I can't trick or treat like I'm 

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what? 
What if I'm? 

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Just find a kid. 
Find a kid that you know and 

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like and tag along. 
With that's a. 

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Trick or treat, That's the only 
normal way to do it. 

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Hold on. 
Hold on, find a kid you know and

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like we. 
Got to stop this conversation 

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stops, move on. 
Move on. 

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The day on the show. 
Today on the show. 

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Who's this guy? 
Oh, I just like you. 

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So I'm telling. 
You this is not the time to make

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jokes like this, especially 
after my video from yesterday 

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went viral. 
This is not the time to make 

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jokes like that today on the 
show today today actually you 

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know what though we want to do 
I'll be that uncle that takes 

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his brother's kids trick or 
treated today. 

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You know what I mean? 
Does. 

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Your brother have any kids? 
My brother's 22 years old. 

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Exactly so. 
How you say exactly. 

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But back in the days, back in 
Tyler's days, at 22, you had two

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kids. 
I just mean you're not. 

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Which kid are you taking then? 
Like who? 

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Who are you going to be the 
uncle to? 

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I don't have any nieces, 
nephews, my brothers. 

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Vanessa's doesn't have any. 
So maybe Tyler's option is the 

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best. 
Just just find the kid that you 

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like and and take it home, OK? 
This, this honestly needs to 

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stop. 
You know what though? 

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I I kind of want to go walk 
around. 

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I'll go. 
OK, fine. 

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How's this? 
I'm going to go walk around the 

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neighborhoods that are like 
super rich and giving away cat. 

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This really needs to stop, 
right? 

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Yeah, I had some additional 
thoughts, but I think we should 

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probably move on. 
Yeah, yeah, maybe, maybe it's 

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all right. 
Today on the show today, today 

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market report, Bitcoin is rising
to 0 on the back of BlackRock 

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buying $875 million of Bitcoin 
in one day and Michael Saylor 

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announcing that he's rating $42 
billion. 

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Yes, with AB to buy more 
Bitcoin, naturally, you know the

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start the market started nuking 
on the back of those very, very,

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very positive news for the 
industry. 

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But we'll talk about that in a 
second. 

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Maybe it's because we realized 
that we got data yesterday that 

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Europe is in the recession, but 
we'll talk about that in a 

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minute. 
We'll let Michael take over. 

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Data has shown that there's 
definitely a recession in the 

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EU. 
Anyways, it's. 

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Looking bad. 
It's pretty bad. 

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We'll get into that in a second.
Actually, we'll probably start 

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with that before the market, 
Tyler's top 1000 and we'll see 

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what Tyler has in store for us. 
But again, I think I think 

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Tyler, you probably got a lot to
talk about today. 

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I've seen a lot happened 
yesterday personally speaking on

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the earnings and everything side
and then robot giveaway. 

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So make sure you're retweeting 
what what you got to retweet. 

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Make sure you enter raffle 
bought that XYZ and the the code

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today is actually drinks. 
I give it early, but you got to 

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have to count it because we're 
not going to put it on screen 

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yet. 
But yeah, so so yeah, that's the

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code today. 
Don't tell anyone it's drinks, 

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DRINKS. 
And then last but not least, 

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this show is powered by. 
Do you know who is powered by Do

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you guys know who this show is 
powered by? 

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00:05:24,040 --> 00:05:26,240
I wonder if his people know 
actually who this show is 

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powered by. 
Oh, this show is powered by 

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Galaxies. 
With seamless built in 

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monetization tools, Galaxies 
enables development of 

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sustainable long term 
communities fulfilling Bitcoin's

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vision of the centralized 
freedom and independence from 

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centralized. 
Come check him out at Miami Art 

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Basel at the art house is going 
to be fire. 

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You guys are finally going to be
able to see what galaxies is all

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about anyways anyways anyways, 
early ways Mendo Mendo's got a 

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speech for us out here. 
Let's see what he got Who is the

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man Michael daddy of the land. 
Can you dig it? 

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Yeah, GM everyone. 
So it's not a great day for for 

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Bitcoin to start, like not 
crazy, just a little bit lower. 

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I think. 
I didn't think we were going to 

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break all through all time high 
until the actual Election Day or

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maybe the day before, something 
like that. 

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You're always going to get a 
little bit of a wobble. 

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I think around this, like this 
level probably. 

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I don't think we're going much 
lower, but I also don't think 

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we're going to breakthrough all 
time high before the election 

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just because there's just too 
much uncertainty around that. 

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Bitcoin dominance just keeps on 
going higher as well though. 

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Like Bitcoin dominance is now 
comfortably above 60 even that 

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ETH rally. 
Just like never trust an ETH 

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rally. 
For every fucking every. 

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Time. 
Every time we talked about it 

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and it's not even like it's 
it's. 

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Just reverse straight away. 
So yeah, you back down below 

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2600, most alts down come to be 
like 5 to 10%. 

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Yeah, not, not not a great, 
great board to to see. 

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But I think also like not really
unexpected. 

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I do think that if Trump wins, 
that there's a chance that I, I 

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wouldn't be 100% certain that 
Bitcoin dominance continues to 

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go higher. 
Like I said that I thought 

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Bitcoin dominance could hit his 
all time high before the 

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election. 
I'm not too sure afterwards 

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because if he wins, there is a 
chance here that people get very

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bullish on ults because you can 
start pushing through policy. 

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So I like for example, you saw 
yesterday that somebody else 

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called Canary Capital has, it's 
just the originally name that's 

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the Canary. 
Labs. 

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Yo by the way between young has 
crossed 60 and you realize well.

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Comfortably so I think you could
get a little bit more bullish on

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that sort of stuff. 
So I, I would be unsurprised if 

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we saw a little bit of rotation 
actually. 

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But at the same time, maybe the 
media reaction is a timely, it 

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goes into Bitcoin again, like 
that's what we've been seeing. 

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I can't I just think up until 
the election it was obvious the 

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Bitcoin dominant keeping going 
high. 

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I think afterwards, actually, 
you can make the case for both. 

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So I'll wait, we'll wait and see
there, but I do think there'll 

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be days where people get really 
bullish on some of these 

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altcoins. 
So you could have big, big moves

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higher, but yeah, a little bit 
of a wobble actually. 

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Yes. 
Well, we've had some like 

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slightly weakish earnings out 
some of the big Magnificent 7 

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yesterday, Facebook I think 
burned like $5 billion in their 

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in their metaverse style unit 
again. 

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And Microsoft had slightly 
weakened earnings. 

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So that kind of that's taken 
down the NASDAQ slightly I think

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today, which is also kind of 
sets a little bit lower. 

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Nasdaq's down 2% today, so and 
that's, yeah, dragged lower by 

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by Microsoft and Meta. 
So a week a day kind of across 

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the board. 
Yesterday's GDP number wasn't, 

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was like nothing really to write
home about. 

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It was like not that weak, not 
that super strong. 

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It came in at 2.8%, which 
probably shows that we're not 

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heading towards a recession. 
We do have NFPS tomorrow, which 

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00:09:07,440 --> 00:09:10,960
is another relatively important 
data figure and we'll see how 

189
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that one goes. 
But but yeah, nothing, nothing 

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to nothing from Mac, sorry. 
The economic side that's that's 

191
00:09:18,720 --> 00:09:19,920
dropping. 
It's more just like some of 

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these magnificent 7 stocks came 
out with weakest earnings and, 

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and we're selling off on the on 
the back of that. 

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And yeah, but we did get some 
news out of Europe that we're 

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heading towards a pretty nasty 
recession actually. 

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So wrecked drinks the had of 
complete sell out in in North 

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America and Canada in Europe 
still have 3500 to sell. 

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00:09:44,080 --> 00:09:47,080
Guys, we actually did sell a lot
of drinks. 

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So yesterday our staff was 
telling me that we beat beat the

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00:09:50,160 --> 00:09:53,480
pudgy Penguins day one revenue 
when they sold their toys. 

201
00:09:55,720 --> 00:09:57,120
I didn't know that until he sent
it to me. 

202
00:09:57,120 --> 00:10:00,440
It was like, wow, we did sell a 
lot, but there is still in 

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00:10:00,440 --> 00:10:01,640
Europe. 
I think they're going to open it

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00:10:01,640 --> 00:10:03,960
up to the US though now as well.
Like we're just going to have to

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00:10:03,960 --> 00:10:09,520
have longer delivery time. 
But yeah, we've got about 3 1/2 

206
00:10:09,520 --> 00:10:12,880
thousand I think to sell there. 
But good, good first day for 

207
00:10:12,880 --> 00:10:15,360
that. 
But yeah, North America running 

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00:10:15,360 --> 00:10:19,600
away with it, clearly. 
Yeah, some, some early numbers 

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00:10:19,600 --> 00:10:23,240
from a recession happening in 
Europe seemingly, it looks like,

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00:10:23,480 --> 00:10:27,760
it looks like, you know, people 
can't afford a drink anymore in 

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the EU. 
No, things have gone really bad.

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00:10:30,440 --> 00:10:34,000
I think the UK upping the taxes 
yesterday morning did not help 

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00:10:34,720 --> 00:10:38,240
the case. 
But again, America, you know, 

214
00:10:38,240 --> 00:10:42,200
coming out to bail the EU, last 
time we saw that was in, you 

215
00:10:42,200 --> 00:10:45,200
know, the 1940s. 
And it seems like the America 

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00:10:45,200 --> 00:10:48,920
has come up because breaking 
news is just out of the lab. 

217
00:10:49,320 --> 00:10:56,240
Rogue radio breaking. 
News Drinks is now restocking in

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00:10:56,240 --> 00:11:00,840
the United States of America. 
News fresh out of 10:12 AM 

219
00:11:00,840 --> 00:11:07,360
Eastern Standard Time, AKA 4 
minutes ago. 3698 units 

220
00:11:07,480 --> 00:11:13,720
remainings and can now be sold 
in the US and Canada as well. 

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00:11:13,720 --> 00:11:17,640
So make sure that you get your 
rec drinks on recdrinks.com, 

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00:11:17,800 --> 00:11:24,000
recdrinks.com and and get a 
taste of the taste of freedom. 

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00:11:28,200 --> 00:11:32,960
I've got 264 cans of this coming
to that figure out where I'm 

224
00:11:32,960 --> 00:11:35,960
going to where I'm going to be 
storing these things. 

225
00:11:36,960 --> 00:11:40,960
I have the same problem. 
Like I have not told my wife I 

226
00:11:40,960 --> 00:11:43,800
was just like, yeah, just let's 
just see what happens. 

227
00:11:43,800 --> 00:11:45,640
When they turn up the kids, the 
kids are. 

228
00:11:45,720 --> 00:11:50,120
Getting for Christmas? 
We have to run. 

229
00:11:50,480 --> 00:11:52,720
The kids might be running a rec 
drink stand instead of a 

230
00:11:52,720 --> 00:11:54,000
lemonade stand. 
Here. 

231
00:11:54,040 --> 00:11:57,160
Yeah, exactly. 
We got a maybe we'll we'll 

232
00:11:57,160 --> 00:12:01,280
resell some of these. 
Yeah, that's like what they did 

233
00:12:01,280 --> 00:12:03,600
with Prime, right in the in the 
playground, they get sold for 

234
00:12:03,600 --> 00:12:11,640
like 10X the amount. 
Yeah, it's, it's, it's, it's 

235
00:12:11,640 --> 00:12:12,960
definitely, it's definitely 
crazy. 

236
00:12:12,960 --> 00:12:14,400
It's going to. 
Be hand them out on Halloween, 

237
00:12:14,680 --> 00:12:16,800
you know. 
Well, they would have to get 

238
00:12:16,800 --> 00:12:19,160
here right now. 
I mean, I would have them out on

239
00:12:19,160 --> 00:12:21,000
Halloween. 
I have 5 cases under my tongue. 

240
00:12:21,000 --> 00:12:23,680
Yeah, they're here. 
I I kept them here. 

241
00:12:23,680 --> 00:12:26,560
I'm too lazy to bring them back 
down because I brought them 

242
00:12:26,560 --> 00:12:28,520
upstairs. 
So they're here. 

243
00:12:28,600 --> 00:12:31,960
I haven't had a single one to 
drink because I kind of don't 

244
00:12:31,960 --> 00:12:33,680
want to drink them. 
I want to keep them fresh 

245
00:12:33,840 --> 00:12:36,400
forever. 
I don't know. 

246
00:12:36,400 --> 00:12:42,840
I feel in 30 years this will be 
like a like a collectors thing, 

247
00:12:43,080 --> 00:12:45,760
you know, I wonder how they 
taste 30 years maybe like a fine

248
00:12:45,760 --> 00:12:49,200
wine, like a vintage Chateau 
wrecked, you know? 

249
00:12:51,200 --> 00:12:54,280
Yeah, I don't know. 
I don't know. 

250
00:12:54,360 --> 00:12:55,520
Anyway, let's talk about the 
market again. 

251
00:12:55,720 --> 00:12:58,600
So, Meadow, why are we dumping? 
Like honest question though, 

252
00:12:58,600 --> 00:13:00,560
like dead ass like. 
We dumped. 

253
00:13:01,760 --> 00:13:04,760
I mean, yeah, we lost $2000 on 
Bitcoin on the news. 

254
00:13:04,760 --> 00:13:08,680
That like honest question 
though, like why is there a sell

255
00:13:08,680 --> 00:13:11,520
off on the back of like I know 
we'll talk about Coinbase Robin 

256
00:13:11,520 --> 00:13:13,080
100 earnings in the second 
title, but like Coinbase 

257
00:13:13,080 --> 00:13:15,000
earnings are not that bad. 
They're barely missed, right? 

258
00:13:15,000 --> 00:13:17,000
There was a mistake. 
They were $100 million off, so 

259
00:13:17,000 --> 00:13:18,280
I. 
Don't think they were selling 

260
00:13:18,320 --> 00:13:20,720
off because of that. 
No, what I'm saying is like it's

261
00:13:20,720 --> 00:13:24,320
barely missed so shouldn't be 
selling off because of that 875 

262
00:13:24,320 --> 00:13:27,680
mil record-breaking day for I 
bet and then you have $42 

263
00:13:27,680 --> 00:13:31,120
billion announcement of a raise 
for Bitcoin micro sailors. 

264
00:13:31,120 --> 00:13:34,720
So what's the reason why we 
would be selling Mando like 

265
00:13:34,720 --> 00:13:36,640
you'd figured on backup news 
like that you're pushing? 

266
00:13:38,440 --> 00:13:42,400
At the end of the day, like the 
the exchanges, the bigger, 

267
00:13:42,400 --> 00:13:44,760
bigger players and all of this, 
they, they can move stuff around

268
00:13:44,760 --> 00:13:46,760
as they were like as we get to 
all time high, we have not 

269
00:13:46,760 --> 00:13:50,040
broken through this level 12 
times. 

270
00:13:50,800 --> 00:13:53,720
Like at every single one of 
those times it felt like we were

271
00:13:53,720 --> 00:13:55,840
going to breakthrough, right? 
Every single one of them. 

272
00:13:55,840 --> 00:13:57,480
It felt like, Oh my God, this is
it. 

273
00:13:57,960 --> 00:14:01,120
And then it didn't happen. 
All I know is that last time, 

274
00:14:01,120 --> 00:14:03,400
the only thing that got us out 
of that range was the Bitcoin 

275
00:14:03,400 --> 00:14:10,240
ETF being approved, right? 
That's what broke us out of the 

276
00:14:10,240 --> 00:14:13,920
range some big. 
And I think it's going to be 

277
00:14:13,920 --> 00:14:16,240
something like that again. 
I think you need that like big 

278
00:14:16,240 --> 00:14:20,360
jolt where everyone goes like, 
right, the game's changed, we 

279
00:14:20,360 --> 00:14:23,840
can go higher. 
OK. 

280
00:14:24,200 --> 00:14:26,360
OK. 
I guess we'll see that. 

281
00:14:26,360 --> 00:14:31,400
But you were saying before the 
show that what we need for for 

282
00:14:31,400 --> 00:14:34,440
Bitcoin at all time highs is the
selections to be done. 

283
00:14:34,600 --> 00:14:38,760
Do you think that no matter who 
wins, we see we're just going to

284
00:14:39,840 --> 00:14:41,320
just like navigate towards on 
Taha? 

285
00:14:41,320 --> 00:14:43,360
It's like some sort of like 
overhang happening on the space 

286
00:14:43,360 --> 00:14:44,440
right now. 
Until November. 

287
00:14:45,760 --> 00:14:47,200
What date exactly is the 
elections? 

288
00:14:47,200 --> 00:14:49,080
Everyone gives me different 
dates every time I ask. 

289
00:14:49,840 --> 00:14:51,920
It's Tuesday. 
Election Day. 

290
00:14:51,920 --> 00:14:54,600
OK, so. 
That's fifth in November 5th. 

291
00:14:55,400 --> 00:14:57,480
November 5th. 
So we have 6 days until the 

292
00:14:57,480 --> 00:14:59,400
elections. 
Now, do we think that it's just 

293
00:14:59,400 --> 00:15:02,360
the type of thing that election 
happens no matter who wins? 

294
00:15:04,040 --> 00:15:05,880
No, no. 
I think we'll sell off. 

295
00:15:05,880 --> 00:15:08,000
I think we'll sell off if Kamala
gets in, but I don't think it 

296
00:15:08,000 --> 00:15:09,520
will be for a long period of 
time. 

297
00:15:09,520 --> 00:15:14,280
I think we'll have that initial 
jolt down probably cements 

298
00:15:14,280 --> 00:15:18,920
itself as like even higher on 
the dominance if Kamala wins, 

299
00:15:19,280 --> 00:15:22,280
right? 
So I think you could see Bitcoin

300
00:15:22,280 --> 00:15:26,000
dominance go up to there like 
65% if that happens, OK. 

301
00:15:27,960 --> 00:15:29,440
OK, OK, well see there you go 
James. 

302
00:15:29,440 --> 00:15:31,720
Shout out to the restock alert. 
Order confirmed. 

303
00:15:31,760 --> 00:15:33,320
Love that. 
Love that. 

304
00:15:33,320 --> 00:15:35,760
We need some huge news. 
I mean, damn, what other big 

305
00:15:35,760 --> 00:15:38,440
news, Hector, do we need than 
BlackRock buying a billion 

306
00:15:38,440 --> 00:15:42,400
dollars of Bitcoin in one day? 
I'm like we. 

307
00:15:42,840 --> 00:15:47,360
We got bigger news than that out
of out of Big Mike. 

308
00:15:48,200 --> 00:15:50,560
Big. 
Michael Saylor, Michael. 

309
00:15:50,600 --> 00:15:54,560
Saylor, Man. 
I I OK. 

310
00:15:55,120 --> 00:15:56,960
What do you mean? 
Shut up, Michael. 

311
00:15:57,280 --> 00:15:58,960
I thought you. 
I thought Big Mike. 

312
00:15:58,960 --> 00:16:00,200
Big Mike Mando. 
You know. 

313
00:16:01,160 --> 00:16:06,720
Big Michael Mando big, big, big 
Mando anyway, so there's that 

314
00:16:06,720 --> 00:16:09,920
Quickly though, Tyler Mando 
we're six days ahead of the 

315
00:16:09,920 --> 00:16:12,680
elections before I go to Tyler. 
Suppose thousand, how we 

316
00:16:12,680 --> 00:16:14,680
feeling? 
What, what, who, who do we think

317
00:16:14,680 --> 00:16:16,280
is ahead right now? 
I mean, the, the prediction 

318
00:16:16,280 --> 00:16:20,200
markets and, and the money 
markets are all still on a very 

319
00:16:20,200 --> 00:16:22,960
strong Trump win. 
How do we feel? 

320
00:16:22,960 --> 00:16:25,320
Like, how do we feel right now 
about all this? 

321
00:16:26,400 --> 00:16:28,160
I said, do I think Trump's going
to win? 

322
00:16:28,560 --> 00:16:31,520
Yeah. 
I think Trump's going to. 

323
00:16:32,160 --> 00:16:33,360
Win. 
OK, Tyler, your boots on the 

324
00:16:33,360 --> 00:16:34,960
ground, though. 
Your your your boots on the 

325
00:16:34,960 --> 00:16:36,680
ground in the United States of 
America. 

326
00:16:36,680 --> 00:16:37,760
How do you how does it feel over
there? 

327
00:16:38,640 --> 00:16:44,240
I think that the crypto Twitter 
sentiment is disconnected from 

328
00:16:44,240 --> 00:16:46,240
boots on the ground sentiment. 
Of course. 

329
00:16:46,240 --> 00:16:47,680
Like my perspective is a little 
biased. 

330
00:16:47,680 --> 00:16:51,880
I'm in Chicago, which is a, a 
very blue city. 

331
00:16:53,080 --> 00:16:56,560
I think the vibes, the Pauli 
market odds have gotten folks to

332
00:16:56,560 --> 00:16:59,120
think that Trump's going to walk
away with this in the landslide.

333
00:16:59,120 --> 00:17:01,720
And I'm just here to remind 
everyone that it is a coin flip.

334
00:17:02,640 --> 00:17:05,480
Silver's got it at 5545. 
So he's still favoring Trump. 

335
00:17:06,560 --> 00:17:09,160
Trump has the edge, but he has 
the edge in the coin flip. 

336
00:17:09,280 --> 00:17:13,880
Like it, it, it is not set up to
be a landslide. 

337
00:17:14,040 --> 00:17:17,280
And I've seen that. 
I think some of the, the Trump 

338
00:17:17,280 --> 00:17:22,520
tweeting could be interpreted as
he's got some internal data that

339
00:17:22,520 --> 00:17:25,000
he doesn't like. 
I think they're, they're 

340
00:17:25,000 --> 00:17:29,720
trailing in Pennsylvania and 
they're starting to, to get 

341
00:17:29,720 --> 00:17:31,720
worried about that. 
They, they are clearly very 

342
00:17:31,720 --> 00:17:34,800
focused on getting out the boat 
in Pennsylvania right now. 

343
00:17:34,920 --> 00:17:38,440
If you scroll through that, 
that's the, that's the 

344
00:17:38,440 --> 00:17:43,520
underlying tone that that I'm 
picking up and it's interesting.

345
00:17:44,080 --> 00:17:48,560
It really is tight. 
OK, but when? 

346
00:17:49,120 --> 00:17:51,000
You're what do you think he's 
going to run away with it? 

347
00:17:51,280 --> 00:17:52,480
Well. 
Obviously, yeah, but that's CT, 

348
00:17:52,560 --> 00:17:55,640
right? 
CTS always been CTCTS always 

349
00:17:55,640 --> 00:17:59,360
been like a little echo Chamber 
of an echo chamber, right. 

350
00:17:59,600 --> 00:18:01,800
I have to say I really like the 
whole like garbage man gig. 

351
00:18:01,800 --> 00:18:04,720
I mean. 
He's funny. 

352
00:18:04,760 --> 00:18:08,040
Like, you gotta give the guy 
credit, like he knows how to 

353
00:18:08,040 --> 00:18:09,480
lean in. 
He knows how to lean into this 

354
00:18:09,480 --> 00:18:11,680
stuff. 
Him and Vivek, right? 

355
00:18:11,680 --> 00:18:13,880
Like Vivek also went and like 
worked the truck, right? 

356
00:18:14,520 --> 00:18:19,600
But I I I have to say that. 
These are just. 

357
00:18:20,360 --> 00:18:26,680
Ridiculous. 
USA is one big like just reality

358
00:18:26,680 --> 00:18:29,080
show right now. 
Oh my God this is so good. 

359
00:18:33,440 --> 00:18:37,080
People never misses a beat. 
So anyways I saw that yesterday.

360
00:18:37,600 --> 00:18:39,840
The elections aren't meant. 
It's honestly just comical. 

361
00:18:42,840 --> 00:18:45,520
Jesus Christ, bad. 
I, I, I really am excited for 

362
00:18:45,520 --> 00:18:47,400
this to finish. 
I think it's going to leave a 

363
00:18:47,400 --> 00:18:50,160
big empty gap on CT for a 
minute, but I think we're going 

364
00:18:50,160 --> 00:18:52,640
to get over the fact that there 
was elections and we're going to

365
00:18:52,640 --> 00:18:55,520
move forward with it. 
I'm excited for this all to be 

366
00:18:55,520 --> 00:18:57,840
done next. 
Tuesday I can share my favorite 

367
00:18:58,040 --> 00:18:59,360
bet. 
So I think a lot of the election

368
00:18:59,360 --> 00:19:01,840
markets I think are, are tough 
because again, like I, I don't 

369
00:19:01,840 --> 00:19:03,720
feel like I have an edge. 
I think it's a coin flip and 

370
00:19:03,720 --> 00:19:05,800
like I'm not really one to bet 
on coin flips. 

371
00:19:05,800 --> 00:19:12,880
Yeah, I, I, I picked no on 
record turn out in the 2024 

372
00:19:12,880 --> 00:19:15,200
election. 
I feel pretty strong. 

373
00:19:15,400 --> 00:19:16,800
I feel pretty strongly about 
that. 

374
00:19:16,840 --> 00:19:20,600
I, I think we'll see very strong
turn out in the swing states. 

375
00:19:20,600 --> 00:19:23,200
But so many of the other like 
the United States is so divided 

376
00:19:23,200 --> 00:19:26,680
right now that most of the 
states like your vote truly 

377
00:19:26,680 --> 00:19:28,840
doesn't matter. 
And I think a lot of people in 

378
00:19:28,840 --> 00:19:32,120
like the deep blue states aren't
far enough about Kamala to come 

379
00:19:32,120 --> 00:19:34,960
out and vote. 
And I think so many of the deep 

380
00:19:34,960 --> 00:19:37,440
Republican states are like, 
Trump's going to win. 

381
00:19:37,440 --> 00:19:39,680
So it's like you, you don't 
really need to get out the vote.

382
00:19:41,200 --> 00:19:42,960
Silver's got Silver put out his 
model. 

383
00:19:42,960 --> 00:19:46,760
He's got coming in at around 7 
million under what what the 

384
00:19:46,760 --> 00:19:50,560
2020? 
You got you got to love the 

385
00:19:50,560 --> 00:19:52,360
comment from the guy who voted 
yes, right? 

386
00:19:52,880 --> 00:19:55,800
Three factors to consider. 
One, there are more eligible 

387
00:19:55,800 --> 00:19:58,360
voters overall. 
Two, Trump will get more votes 

388
00:19:58,360 --> 00:20:01,040
this time than in 2023. 
That's the funny one. 

389
00:20:01,360 --> 00:20:04,000
But that means that the Dems 
will have to print more ballots 

390
00:20:04,000 --> 00:20:07,240
to steal the election. 
He's got 10 chairs, he's got $5.

391
00:20:07,240 --> 00:20:09,120
He's. 
Got $5 on the line. 

392
00:20:11,440 --> 00:20:14,280
That's incredible. 
It is actually some of the most 

393
00:20:14,280 --> 00:20:16,720
funniest thing I've seen in 
here. 

394
00:20:16,720 --> 00:20:19,000
This is the one. 
It's such a funny comment. 

395
00:20:20,920 --> 00:20:23,760
I got in at 20%. 
It's doubled since then. 

396
00:20:24,680 --> 00:20:26,280
Yeah. 
So I like my side. 

397
00:20:26,480 --> 00:20:29,160
Someone said eligible voters 
increase by 8 to 12 million 

398
00:20:29,320 --> 00:20:33,000
people on average every 
presidential election cycle even

399
00:20:33,000 --> 00:20:35,760
if turn out were to be down a 
few percent total number of 

400
00:20:35,760 --> 00:20:38,000
votes. 
Yeah, I will see that that is 

401
00:20:38,000 --> 00:20:41,880
that's a risky one. 
I'm surprised it's so close 4555

402
00:20:41,880 --> 00:20:44,240
here on this one. 
You'd figure that no, you'd have

403
00:20:44,240 --> 00:20:46,080
a better better odds at that, 
right. 

404
00:20:47,200 --> 00:20:49,440
But but no, All right. 
Seems like a lot of people seem 

405
00:20:49,440 --> 00:20:51,520
to think that as well. 
Is there any other bets you're 

406
00:20:51,520 --> 00:20:54,640
participating in for this? 
I might look at some of the 

407
00:20:54,640 --> 00:20:59,160
state lines as we get closer, 
like if if comma is a huge dog, 

408
00:20:59,160 --> 00:21:02,240
I might take some comma gambles 
because again, I think some of 

409
00:21:02,240 --> 00:21:06,400
these are better than I think 
Wisconsin specifically is 1. 

410
00:21:06,440 --> 00:21:09,000
I think we'll go Kamala. 
We'll do it. 

411
00:21:09,080 --> 00:21:10,640
Yeah. 
So she's an underdog in in 

412
00:21:10,640 --> 00:21:12,960
Wisconsin. 
She's an underdog in 

413
00:21:12,960 --> 00:21:14,800
Pennsylvania. 
Oh, wow, that's. 

414
00:21:15,040 --> 00:21:16,400
Oh, shit. 
I might have to look at that. 

415
00:21:16,400 --> 00:21:18,520
Yeah. 
And that's, this is the election

416
00:21:18,520 --> 00:21:20,280
bet right there, too. 
So, Philip. 

417
00:21:20,920 --> 00:21:23,640
'S model or you How you How do 
you think that she's going to? 

418
00:21:24,680 --> 00:21:27,400
Yeah, I pulled most of my 
information from from his model.

419
00:21:27,400 --> 00:21:29,240
I look at some of the other 
models as well by putting the 

420
00:21:29,240 --> 00:21:31,760
most stock in his. 
Who Who? 

421
00:21:32,160 --> 00:21:34,760
Are there any other models that 
that are doing it? 

422
00:21:35,120 --> 00:21:37,080
The Economist The. 
Economist. 

423
00:21:37,360 --> 00:21:40,560
And then 538 still runs the 
model, but theirs is not as good

424
00:21:40,600 --> 00:21:43,960
since he left. 
Oh, he doesn't own that anymore.

425
00:21:45,600 --> 00:21:47,520
Correct. 
That's so he he branched out on 

426
00:21:47,520 --> 00:21:49,320
his own. 
So he's running his under it's 

427
00:21:49,320 --> 00:21:51,840
called the silver bulletin. 
Oh, OK, right. 

428
00:21:52,120 --> 00:21:57,760
So he's running it off of a paid
sub stack now and 538 kept. 

429
00:21:58,160 --> 00:22:00,080
Then even Nate Silver's got a 
paid group. 

430
00:22:00,920 --> 00:22:02,240
Yeah. 
Does. 

431
00:22:03,680 --> 00:22:05,560
That's crazy. 
All right, well, hopefully. 

432
00:22:06,120 --> 00:22:09,320
Well, we'll see if he's right or
wrong in six days, y'all, Six 

433
00:22:09,320 --> 00:22:11,040
days? 
Isn't the early vote done now? 

434
00:22:11,040 --> 00:22:13,320
Wasn't it like a ton of people 
that went out to vote already? 

435
00:22:13,800 --> 00:22:15,720
No, I voted yesterday. 
You can really vote all the way 

436
00:22:15,720 --> 00:22:18,400
up until I I think some of the 
states like maybe the mail in 

437
00:22:18,720 --> 00:22:20,400
there, there might be 
restrictions on like the last 

438
00:22:20,400 --> 00:22:23,280
day that to do mail in voting. 
I like that. 

439
00:22:23,280 --> 00:22:24,680
All right, Well, make sure 
you're voting, because if you 

440
00:22:24,680 --> 00:22:25,880
don't vote, you're not. 
Ought to talk shit. 

441
00:22:26,560 --> 00:22:28,320
Or or or. 
Don't vote if you're in a 

442
00:22:28,720 --> 00:22:30,840
decided state. 
Help me win my bet I guess. 

443
00:22:32,840 --> 00:22:37,880
This guy don't vote take someone
else's child to to Halloween OK 

444
00:22:40,120 --> 00:22:42,240
let's play with you all right 
Tyler see what you got for us 

445
00:22:42,240 --> 00:22:49,520
all daily NFT and crypto 
analysis Tyler T on FOMO our 

446
00:22:49,520 --> 00:22:54,720
cause the kids can. 
Bring the batch of bears a lot 

447
00:22:54,720 --> 00:22:56,160
of big macro news, but the top 
story. 

448
00:22:56,160 --> 00:22:59,760
Michael Saylor announced plans 
to raise $42 billion in capital 

449
00:23:00,080 --> 00:23:02,520
to buy Bitcoin for 
MicroStrategy. 

450
00:23:02,520 --> 00:23:05,760
Just an absurd number. 
This comes the same day as the 

451
00:23:05,760 --> 00:23:10,320
Bitcoin ETF set a new local high
and net inflows $893 million on 

452
00:23:10,320 --> 00:23:13,960
the back of 875 from Blackrock's
IVIT. 

453
00:23:14,280 --> 00:23:19,560
That number is bigger than all 
but seven of the 590 ETFs which 

454
00:23:19,560 --> 00:23:23,560
have launched in 2024 have seen 
all year, to put that number in 

455
00:23:23,560 --> 00:23:25,440
perspective. 
So it is a gigantic number. 

456
00:23:26,240 --> 00:23:27,640
U.S. 
Treasury Department, they shared

457
00:23:27,640 --> 00:23:30,600
a new report with concerns 
around stable coins, arguing 

458
00:23:30,600 --> 00:23:32,760
they should be replaced by a 
CBDC. 

459
00:23:32,760 --> 00:23:37,040
So folks, that is a storyline to
watch in earnings news. 

460
00:23:37,040 --> 00:23:39,040
Bad day for earnings. 
Coinbase missed earnings. 

461
00:23:39,040 --> 00:23:42,480
They saw 1.21 billion versus 
1.25 expected, though they did 

462
00:23:42,480 --> 00:23:44,800
announce $1 billion in share 
buybacks. 

463
00:23:44,800 --> 00:23:49,080
They also announced 2525 million
in funding for the fair shake 

464
00:23:49,080 --> 00:23:52,760
pack as they are already looking
to the next midterm elections. 

465
00:23:53,040 --> 00:23:57,800
Robin Hood also missed earnings.
Their Q3 crypto volumes were up 

466
00:23:57,800 --> 00:24:01,120
year over year but fell 
substantially from Q1 and Q2. 

467
00:24:01,120 --> 00:24:03,400
Though they responded this 
morning by listing all the 

468
00:24:03,400 --> 00:24:05,720
leading meme coins on Robin Hood
EU crypto. 

469
00:24:06,440 --> 00:24:08,640
So shout out to Robin Hood for 
that. 

470
00:24:08,640 --> 00:24:11,080
Perhaps Coinbase will follow 
Reddit. 

471
00:24:11,080 --> 00:24:13,160
Turns out they've sold the 
majority of their crypto 

472
00:24:13,160 --> 00:24:16,160
holdings. 
They didn't have a ton. 

473
00:24:16,440 --> 00:24:19,360
Canary, Van Eck and 21 shares 
are all seeking approval for a 

474
00:24:19,360 --> 00:24:22,600
Solana ETF now, and I think we 
covered this yesterday. 

475
00:24:22,600 --> 00:24:25,160
Mr. Beast is being investigated 
for having pumped and dumped 

476
00:24:25,160 --> 00:24:27,160
over $20 million in crypto 
tokens. 

477
00:24:27,600 --> 00:24:32,520
In protocol news, the arena 
that's all 61% of his claims 

478
00:24:32,520 --> 00:24:36,320
token states 3000 new users. 
Good start for them Myriad 

479
00:24:36,320 --> 00:24:38,920
welcome to 100,000 decrypt users
into beta access. 

480
00:24:38,920 --> 00:24:43,400
So if you are a decrypt user on 
that sub list, go check out 

481
00:24:43,400 --> 00:24:46,000
myriad get your beta access 
going now. 

482
00:24:46,800 --> 00:24:50,080
Kudis Solana based fitness 
tracking project with rewards 

483
00:24:50,120 --> 00:24:52,280
and a wearable ring got 
mentioned in vogue business. 

484
00:24:52,280 --> 00:24:55,520
So that was a big mention for 
them and then million announced 

485
00:24:55,520 --> 00:24:58,240
a 25,000,000 raises. 
They aim to create the first 

486
00:24:58,320 --> 00:25:01,600
private data ecosystem. 
So some big numbers there and 

487
00:25:01,600 --> 00:25:04,000
memes and NFTS. 
Well, the meme majors were 

488
00:25:04,000 --> 00:25:05,880
green. 
They flipped red after Bitcoin 

489
00:25:06,360 --> 00:25:11,320
just fell off Cat the cat Shibu 
band fartcoin were top movers. 

490
00:25:11,320 --> 00:25:15,320
It looks like this new RIPE 
token is the hot runner of the 

491
00:25:15,320 --> 00:25:17,040
morning. 
Maybe we'll take a look at that.

492
00:25:17,240 --> 00:25:22,560
Moon Shot is expanding to base, 
so good news for Basecoin owners

493
00:25:23,400 --> 00:25:26,160
and NFT news. 
We saw artifacts announce prices

494
00:25:26,160 --> 00:25:29,120
for Crypto Kicks owners and a 
new Move to Earn initiative. 

495
00:25:29,880 --> 00:25:33,880
KC Rodemor's Memento Mori opened
up at a $15 million market cap 

496
00:25:33,880 --> 00:25:37,400
on 100 plus Bitcoin volume, 
though I think it is down a bit 

497
00:25:37,880 --> 00:25:40,480
the last few hours. 
And then new data shows that the

498
00:25:40,480 --> 00:25:44,080
Bitcoin on chain ecosystem rooms
and ordinals, it is not growing 

499
00:25:44,080 --> 00:25:47,680
and in fact has lost about 2000 
Bitcoin and TBL since May. 

500
00:25:48,240 --> 00:25:50,920
So that is an important data 
point for those who are playing 

501
00:25:50,920 --> 00:25:53,760
in those streets. 
And that is that's the rundown 

502
00:25:53,760 --> 00:25:57,280
there. 
Love that, especially the myriad

503
00:25:57,280 --> 00:25:58,720
news. 
We'll touch on that in a minute.

504
00:25:58,800 --> 00:26:03,120
But before that, let's talk 
about MicroStrategy and and 

505
00:26:03,120 --> 00:26:08,840
Michael, Michael Saylor. 
So he's raising $42 billion in 

506
00:26:08,840 --> 00:26:12,360
order to buy more Bitcoin and he
buys it on leverage, right? 

507
00:26:12,360 --> 00:26:13,680
Is that? 
Is that what I'm getting? 

508
00:26:14,880 --> 00:26:19,200
So yeah, they, they split their 
funds between equity raises, 

509
00:26:19,200 --> 00:26:22,800
fixed income securities and like
they've, they've done debt 

510
00:26:22,800 --> 00:26:25,680
instruments. 
So they essentially will sell 

511
00:26:25,680 --> 00:26:29,560
debt, they'll sell equity to, to
buy from perspective. 

512
00:26:30,280 --> 00:26:32,120
Yeah, go ahead. 
They do convertibles, right? 

513
00:26:32,800 --> 00:26:35,320
Yes. 
Explain that for people on the 

514
00:26:35,320 --> 00:26:37,080
show. 
Yeah. 

515
00:26:37,120 --> 00:26:40,040
I mean, it's kind of a bit of a 
financial instrument here. 

516
00:26:40,040 --> 00:26:43,720
But like in on an upside 
scenario, it's equity, on a 

517
00:26:43,720 --> 00:26:47,720
downside scenario it's debt. 
So if it if the stock price were

518
00:26:47,720 --> 00:26:51,200
to fall below a certain level, 
it would be classed as debt on 

519
00:26:51,200 --> 00:26:53,960
the balance sheet, which would 
be like leverage. 

520
00:26:54,560 --> 00:26:57,320
If it keeps on going. 
If the stock keeps on going 

521
00:26:57,320 --> 00:27:03,040
above a certain level, it's it's
equity like it for all intensive

522
00:27:03,040 --> 00:27:05,320
purposes. 
Though I feel like you're scared

523
00:27:05,320 --> 00:27:09,280
about like if Bitcoin tanks, 
that would be debt. 

524
00:27:09,800 --> 00:27:13,320
Like in the bad scenario, it 
would be debt and it would be a 

525
00:27:13,320 --> 00:27:16,040
levered bet and it could get 
nasty. 

526
00:27:18,360 --> 00:27:23,880
OK, I think there's it was Peter
Schiff that was under Sailor's 

527
00:27:23,880 --> 00:27:28,080
tweets calling him out, saying 
at some point he's going to go 

528
00:27:28,080 --> 00:27:32,160
bankrupt right there. 
I do think Sailor increased 

529
00:27:32,480 --> 00:27:35,760
because Sailor's strategy is is 
to buy stuff on leverage. 

530
00:27:35,760 --> 00:27:38,720
Essentially. 
It's got like this incredible 

531
00:27:39,160 --> 00:27:41,280
deal where like the interest 
that he actually pays on the 

532
00:27:41,280 --> 00:27:43,840
converts is basically close to 
0. 

533
00:27:46,880 --> 00:27:50,640
But, and his stock actually, if 
you know, like if you followed 

534
00:27:50,640 --> 00:27:54,320
micro micro strategy stock 
versus Bitcoin, but it trades at

535
00:27:54,320 --> 00:27:59,720
a premium over where the the its
Bitcoin on its balance sheet is.

536
00:27:59,960 --> 00:28:02,760
So like he's actually like 
creating value for himself by 

537
00:28:02,760 --> 00:28:04,680
printing the equity and then 
just buying Bitcoin. 

538
00:28:06,440 --> 00:28:08,560
But yeah, like we remember that 
last cycle, right? 

539
00:28:08,880 --> 00:28:11,000
Sailor has a level. 
He worked. 

540
00:28:11,000 --> 00:28:13,560
He does, and he's buying it on 
the way up, which means his 

541
00:28:13,560 --> 00:28:15,080
liquidation level is going 
higher. 

542
00:28:16,640 --> 00:28:17,960
So yeah, you have to be 
cognizant of that. 

543
00:28:17,960 --> 00:28:21,600
I do think it's like 
mathematically certain that he 

544
00:28:21,600 --> 00:28:23,120
will blow up. 
I don't know how to describe 

545
00:28:23,120 --> 00:28:25,320
this but like. 
But that's that would be just 

546
00:28:25,320 --> 00:28:27,400
like terrible for the industry 
though, Like it's not like. 

547
00:28:28,080 --> 00:28:32,880
Way up with leverage. 
At some stage there's going to 

548
00:28:32,880 --> 00:28:35,040
be an 80% drawdown. 
And but what? 

549
00:28:35,280 --> 00:28:37,640
Question is what? 
What then if isn't he smart 

550
00:28:37,640 --> 00:28:39,440
enough to know that? 
Like what's the why, how? 

551
00:28:40,160 --> 00:28:42,960
Would he pay interest on the 
debt as long as he can cover the

552
00:28:42,960 --> 00:28:45,560
debt payments? 
You have to be able to cover the

553
00:28:45,560 --> 00:28:49,200
debt payments until the Bitcoin 
price got above the level again.

554
00:28:50,520 --> 00:28:54,880
Well, no, it well it really 
depends. 

555
00:28:55,040 --> 00:28:59,640
Yeah, what you're saying is he 
would be considered in like 

556
00:29:00,640 --> 00:29:03,800
insolvent, but he would if the 
interest payments are still low 

557
00:29:03,800 --> 00:29:07,960
enough, then he could probably 
satiate them until he wouldn't. 

558
00:29:07,960 --> 00:29:09,440
It wouldn't be a trigger, let's 
say. 

559
00:29:09,440 --> 00:29:11,920
So yeah, what you're actually 
saying Tyler is correct Like he 

560
00:29:12,840 --> 00:29:18,040
if it drops 80% and it stays 
below there for let's say into a

561
00:29:18,040 --> 00:29:21,200
maturity of one of his debt 
instruments, that would be a 

562
00:29:21,200 --> 00:29:24,600
real problem for him. 
Yeah, it makes sense. 

563
00:29:24,640 --> 00:29:27,520
I think there's growing calls in
the timeline like this is the 

564
00:29:27,520 --> 00:29:33,000
next potential Luna certainly 
see that scenario, but it feels 

565
00:29:33,000 --> 00:29:34,960
like he's he's going to give 
himself some outs. 

566
00:29:34,960 --> 00:29:38,440
So I don't know that I'm 
convinced he's he's going to 

567
00:29:38,440 --> 00:29:40,160
blow up. 
But to share some perspective, 

568
00:29:40,160 --> 00:29:45,240
they've only got only they have 
252,000 Bitcoin. 

569
00:29:45,240 --> 00:29:48,480
It's worth 18 billion. 
So they're looking to basically 

570
00:29:48,600 --> 00:29:55,320
more than triple the amount. 
Like that is a monster amount of

571
00:29:55,560 --> 00:29:58,360
like even for like AI don't know
how much debt, for example, 

572
00:29:58,360 --> 00:30:00,840
Apple has and not many of these 
companies have big amounts of 

573
00:30:00,840 --> 00:30:01,720
debt because they have so much 
cash. 

574
00:30:01,720 --> 00:30:05,840
But like, that would make him 
one of the biggest borrowers in 

575
00:30:06,000 --> 00:30:09,000
US credit markets with that sort
of size. 

576
00:30:09,320 --> 00:30:10,560
Interesting. 
OK. 

577
00:30:11,040 --> 00:30:14,800
It's a massive number it it is 
worth if folks haven't been 

578
00:30:14,800 --> 00:30:17,360
following micro strategy stock, 
it's like it's worth pulling up 

579
00:30:17,360 --> 00:30:20,080
the chart. 
Yeah, let me pull it up for you 

580
00:30:20,080 --> 00:30:24,320
right now, Trading View. 
Bitcoin's up 70% and micro 

581
00:30:24,320 --> 00:30:26,720
strategy is up 260%. 
This. 

582
00:30:26,720 --> 00:30:28,480
Year. 
So I remember seeing this and 

583
00:30:28,480 --> 00:30:30,680
asking like the chat and stuff, 
like I think it was KBM that was

584
00:30:30,680 --> 00:30:32,440
telling me that was just like a 
massive squeeze or some shit. 

585
00:30:32,760 --> 00:30:34,480
Is that what happened? 
More than that. 

586
00:30:34,480 --> 00:30:37,240
So he actually owns essentially 
levied Bitcoin like we just 

587
00:30:37,240 --> 00:30:40,840
said. 
So so whenever Bitcoin does 100%

588
00:30:40,840 --> 00:30:45,960
like he actually does get like 
200 and like it should go up by 

589
00:30:46,000 --> 00:30:50,520
by that amount. 
But yeah, it is also trading at 

590
00:30:50,520 --> 00:30:54,400
like a 30 or 40% premium right 
now versus the Bitcoin on the 

591
00:30:54,400 --> 00:30:58,840
balance sheet. 
OK, interesting. 

592
00:30:59,120 --> 00:31:01,400
So we get working as intended 
though this. 

593
00:31:02,280 --> 00:31:04,480
Yes, it's working, right. 
I mean, clearly it's working, 

594
00:31:04,560 --> 00:31:08,200
yeah. 
Then you've got the ETFs which 

595
00:31:08,200 --> 00:31:12,560
offer like 1 1/2 X and 2X 
levered bets on MicroStrategy, 

596
00:31:13,880 --> 00:31:17,280
which are starting to catch more
volume as well. 

597
00:31:17,960 --> 00:31:20,520
Yeah, that's insane. 
Speaking of which, Tyler, 

598
00:31:20,520 --> 00:31:22,120
record-breaking day for I bet, 
huh? 

599
00:31:23,720 --> 00:31:25,440
Yeah, I mean, we covered it 
early. 

600
00:31:25,520 --> 00:31:29,320
I mean, this is just an insane 
number like on basically on 

601
00:31:29,320 --> 00:31:32,720
back-to-back days, like folks 
are just struggling with like 

602
00:31:32,720 --> 00:31:35,200
how did the price not go up? 
So I think it's still like 

603
00:31:35,200 --> 00:31:37,880
raises the question, is it like 
delta neutral or like exactly 

604
00:31:37,880 --> 00:31:43,720
what what is happening here? 
And then, yeah, Nature Rossi is 

605
00:31:43,720 --> 00:31:45,880
actually the one who who 
compared it to the rest of the 

606
00:31:45,880 --> 00:31:48,400
ETF industry. 
And it's wild that yeah, all but

607
00:31:48,640 --> 00:31:54,040
what the all but 7 of 590? 
It's it did more volume in a 

608
00:31:54,040 --> 00:31:55,840
single day than all those have 
all year. 

609
00:31:56,120 --> 00:31:59,520
Just to put this in perspective,
I mean, I share this close and 

610
00:31:59,520 --> 00:32:01,720
like, you know, we talked about 
like down the risk curve stuff 

611
00:32:01,720 --> 00:32:04,880
and I think we talked about the 
macro picture a lot, but like 

612
00:32:04,880 --> 00:32:07,960
more and more billionaires are 
coming out and talking about 

613
00:32:07,960 --> 00:32:09,080
this. 
So we talked about Paul Tutor 

614
00:32:09,080 --> 00:32:10,720
Jones and I was listening to the
All in podcast. 

615
00:32:10,720 --> 00:32:15,560
Shamath is the Bitcoin champion 
on that pod and he said on last 

616
00:32:15,560 --> 00:32:18,960
Friday's show that the 
resounding inflation hedge asset

617
00:32:18,960 --> 00:32:23,240
for the next 50 or 100 years is 
Bitcoin and that the die has 

618
00:32:23,240 --> 00:32:27,760
been cast. 
So I mean, he he's saying it is 

619
00:32:27,760 --> 00:32:29,160
gold. 
Like the market's decided this 

620
00:32:29,160 --> 00:32:33,600
is this generation, all the next
generations gold is Bitcoin 

621
00:32:33,600 --> 00:32:36,120
digital gold. 
I don't know. 

622
00:32:36,160 --> 00:32:38,280
It's, it's pretty powerful. 
I don't don't miss that. 

623
00:32:38,280 --> 00:32:40,840
Like, don't get so caught up on 
the day-to-day stuff that you 

624
00:32:40,840 --> 00:32:43,480
miss the the big picture. 
I love your Aussie tweets. 

625
00:32:43,480 --> 00:32:46,840
This was literally me last 
night, so funny. 

626
00:32:46,880 --> 00:32:49,560
And then this is so good. 
Remember that nobody knows 

627
00:32:49,560 --> 00:32:52,600
anything that was JP Morgan 
doubts that the approval of the 

628
00:32:52,600 --> 00:32:54,200
US Bitcoin ETF would be a game 
changer. 

629
00:32:54,200 --> 00:32:55,920
That was back then July last 
year. 

630
00:32:56,480 --> 00:32:59,760
And then I don't think you're 
going to see massive flows into 

631
00:33:00,200 --> 00:33:03,600
the spot ETF, said David 
Donabedian, chief investment 

632
00:33:03,600 --> 00:33:06,720
officer of CIBC Private Wealth. 
USI don't get the sense that 

633
00:33:06,720 --> 00:33:09,280
there was a massive pent up 
demand to have Bitcoin exposure.

634
00:33:09,640 --> 00:33:12,200
Those are all obviously like 
receipts from from from a year 

635
00:33:12,200 --> 00:33:14,480
ago and it looks like obviously 
they're aging like fucking 

636
00:33:14,480 --> 00:33:16,880
terribly. 
It's crazy, man. 

637
00:33:17,040 --> 00:33:19,480
Spot Bitcoin ETFs now hold over 
a million Bitcoin. 

638
00:33:21,800 --> 00:33:24,480
It's the delta neutral trade, 
just like Bitcoin. 

639
00:33:25,160 --> 00:33:30,040
It's you can do a delta neutral 
trade here and and clip 12% on 

640
00:33:30,040 --> 00:33:32,800
Bitcoin a year. 
Now that like in Bitcoin for all

641
00:33:32,800 --> 00:33:37,480
of us who fucking have all of 
our money in in crypto and see 

642
00:33:37,480 --> 00:33:40,440
that sort of day, that's that's 
nothing. 

643
00:33:42,320 --> 00:33:47,680
But for the funds like if you 
can make teens as a hedge fund, 

644
00:33:48,760 --> 00:33:50,880
like most hedge funds don't 
outperform the S&P. 

645
00:33:52,680 --> 00:33:55,440
So crazy. 
So, and if you can lock in teens

646
00:33:55,440 --> 00:34:02,120
returns, that's pretty good. 
It's yeah, it's, it's, it's 

647
00:34:02,120 --> 00:34:04,800
actually so insane what's 
happening right now on the ETF 

648
00:34:04,800 --> 00:34:05,880
side. 
So it's. 

649
00:34:05,880 --> 00:34:10,159
What's mostly insane is the ETF.
The ETF go pull up the ETH board

650
00:34:10,159 --> 00:34:14,320
on DJs, I'll tell you. 
BlackRock. 

651
00:34:14,880 --> 00:34:19,280
BlackRock had 870 million into 
their Bitcoin and 0 into their 

652
00:34:19,360 --> 00:34:21,800
ETH. 
What like that that that 

653
00:34:22,239 --> 00:34:24,840
honestly like it just doesn't 
even make sense. 

654
00:34:24,880 --> 00:34:27,600
It's just. 
Hey, it was a Green Day 

655
00:34:27,600 --> 00:34:29,880
yesterday. 
There was $4 million worth of 

656
00:34:29,920 --> 00:34:34,120
ETH bought. 
I think Mandel bought more in 

657
00:34:34,120 --> 00:34:36,000
that in like an hour. 
It's. 

658
00:34:37,400 --> 00:34:42,840
So red over the last five days. 
Mandu does more volume than the 

659
00:34:42,840 --> 00:34:47,320
fucking Ethereum ETFs. 
RIP youth. 

660
00:34:47,320 --> 00:34:50,560
That's. 
Actually a crazy thought for. 

661
00:34:51,639 --> 00:34:54,840
For the ETF, it's not going to 
get looking good for the Solana 

662
00:34:54,840 --> 00:34:56,159
ETF that means as well though 
guys. 

663
00:34:56,159 --> 00:34:59,040
Like. 
You can't sell the you can't 

664
00:34:59,040 --> 00:35:00,760
sell. 
Like you know what the trade is 

665
00:35:00,760 --> 00:35:05,920
is Trump wins and then the idea 
of Solana ETF running up and 

666
00:35:05,920 --> 00:35:08,280
then you sell the shit out of 
the approval, right? 

667
00:35:09,280 --> 00:35:12,120
Well, I think the, I guess if 
Trump wins, you have a, you have

668
00:35:12,120 --> 00:35:15,920
a bigger call for like a broader
tokenization regulation. 

669
00:35:15,960 --> 00:35:17,440
What's XRP? 
It's Solana. 

670
00:35:17,440 --> 00:35:19,600
It's a basket, right? 
It's all the ones that are that 

671
00:35:19,600 --> 00:35:21,840
are that are kind of being 
listed and then maybe like a 

672
00:35:21,840 --> 00:35:24,240
meme coin basket. 
I don't know, but would be 

673
00:35:24,240 --> 00:35:25,640
interesting to see what happens 
there. 

674
00:35:26,880 --> 00:35:28,360
Yeah. 
I mean, I, I joke about it, but 

675
00:35:28,360 --> 00:35:31,200
I think if you want a Solana 
ETF, you have to be rooting for 

676
00:35:31,200 --> 00:35:36,120
the ETF because it does feel 
like it's a pretty big long shot

677
00:35:36,440 --> 00:35:39,720
for the Solana ETF's to do well 
if, but if the other crypto 

678
00:35:40,040 --> 00:35:44,760
basket can't get any inflows. 
I mean, I have a question. 

679
00:35:46,320 --> 00:35:49,920
And it would be like, is there 
because what if like the new 

680
00:35:49,920 --> 00:35:52,240
participants in this economy 
actually believe that Solana is 

681
00:35:52,240 --> 00:35:54,640
the better tech because it's 
more adopted? 

682
00:35:55,720 --> 00:35:56,600
We don't really know that, 
right? 

683
00:35:56,600 --> 00:36:00,240
Because so far I've shown that 
there's more demand appetite for

684
00:36:00,240 --> 00:36:02,280
Solana in the markets than there
is for Ethereum. 

685
00:36:03,000 --> 00:36:06,320
So I'm just curious about how 
people outside of our bubble 

686
00:36:06,320 --> 00:36:08,680
feel about it. 
I probably don't even know the 

687
00:36:08,680 --> 00:36:11,480
difference, but. 
Well, no, that's the thing. 

688
00:36:11,480 --> 00:36:13,920
Like I do. 
Have the headlines, like all the

689
00:36:13,920 --> 00:36:17,120
headlines right now mostly being
about Solana is accepting this 

690
00:36:17,120 --> 00:36:21,240
or is building that or plug in 
the marketing of it, I don't 

691
00:36:21,240 --> 00:36:22,840
know. 
It's definitely right. 

692
00:36:23,240 --> 00:36:24,560
We're, I think we see a lot of 
that. 

693
00:36:24,720 --> 00:36:28,200
I do think that that what I 
meant by tokenization is like 

694
00:36:28,200 --> 00:36:29,920
the tokenization of real world 
assets. 

695
00:36:30,200 --> 00:36:33,640
If you see a big trend towards 
that, then I do think that 

696
00:36:33,640 --> 00:36:38,480
Solana probably has a slight 
edge there just because it's, 

697
00:36:38,800 --> 00:36:41,720
you know, a faster, cheaper 
chain to do those sort of trades

698
00:36:41,720 --> 00:36:44,520
on. 
But but I don't know. 

699
00:36:44,920 --> 00:36:47,000
But I do think that I said 
before, if Trump gets down or do

700
00:36:47,000 --> 00:36:49,520
you think Bitcoin dominance 
could go either way? 

701
00:36:49,520 --> 00:36:52,880
It's definitely not. 
We could be seeing like the mini

702
00:36:52,880 --> 00:36:56,800
high for it here. 
OK, we'll, we'll see where that 

703
00:36:56,800 --> 00:37:00,000
takes us With that. 
Just a reminder, the code is 

704
00:37:00,000 --> 00:37:05,000
drinks, DRINKS, rafflebot dot 
XYZDRINKS. 

705
00:37:05,000 --> 00:37:07,280
Make sure you're tweeting, make 
sure you're following and get 

706
00:37:07,280 --> 00:37:08,840
all that done. 
Speaking of earnings, I mean, we

707
00:37:08,840 --> 00:37:10,200
may as well keep going on the 
earning side. 

708
00:37:10,440 --> 00:37:12,880
I thought there was a bunch of 
good earnings across the board. 

709
00:37:12,880 --> 00:37:16,640
Tyler is there not? 
I I think they all missed. 

710
00:37:16,640 --> 00:37:19,400
That's why the stock market's 
down today. 

711
00:37:20,440 --> 00:37:23,920
A couple points. 
It was a huge day leading into 

712
00:37:24,040 --> 00:37:27,080
like at close yesterday, all 
these stocks were, were kind of 

713
00:37:27,080 --> 00:37:31,760
pricing in like 5 to 10% moves 
plus or minus based on how 

714
00:37:31,760 --> 00:37:34,600
earnings would come in. 
And they all pretty much came in

715
00:37:34,600 --> 00:37:39,560
down on the crypto side. 
So Coinbase, they, they came in 

716
00:37:39,560 --> 00:37:42,520
1.2 billion. 
They just missed on the overall 

717
00:37:42,520 --> 00:37:45,480
1.26. 
It does look like trading 

718
00:37:45,480 --> 00:37:50,800
volumes were down from Q2 that 
came in at 185 billion versus 

719
00:37:50,800 --> 00:37:52,720
226. 
I don't know. 

720
00:37:52,720 --> 00:37:56,400
That's a huge surprise when you 
think about Q32 of the the peak 

721
00:37:56,400 --> 00:37:59,280
summer months. 
It's July and August, right? 

722
00:37:59,280 --> 00:38:02,200
I think people don't realize 
that Q3 is this weird, isn't it,

723
00:38:02,200 --> 00:38:07,720
as a founder like Q3 is this 
weird like quarter where it's 

724
00:38:07,720 --> 00:38:11,320
like not much happens? 
It was quiet, numbers were down,

725
00:38:11,480 --> 00:38:14,160
you know, the the majors were 
kind of chop solid dating or 

726
00:38:14,160 --> 00:38:15,840
what not. 
They did stay profitable. 

727
00:38:15,840 --> 00:38:19,600
So $75 million profit in the 
quarter that compares to 

728
00:38:19,600 --> 00:38:23,000
$2,000,000 loss. 
Q 3/20/23. 

729
00:38:23,520 --> 00:38:25,280
So year over year is still 
pretty strong. 

730
00:38:25,280 --> 00:38:28,720
They didn't announce a $1 
billion share buyback plan to 

731
00:38:28,720 --> 00:38:31,600
capitalize on the market. 
So there they are betting on 

732
00:38:31,720 --> 00:38:35,680
themselves. 
Then I think the other aspect of

733
00:38:35,680 --> 00:38:39,120
this or so stable coin income 
rose to 250 million. 

734
00:38:39,880 --> 00:38:43,760
So that's a, that's a pretty, 
pretty solid line item right 

735
00:38:43,760 --> 00:38:46,760
there. 
They saw USDC on Coinbase jump 

736
00:38:46,760 --> 00:38:50,160
to six, 6.6 billion and then 
they're going deeper into 

737
00:38:50,160 --> 00:38:52,240
politics. 
So they announced another $25 

738
00:38:52,240 --> 00:38:56,240
million for Pearshake focused on
getting pro cryptocance elected 

739
00:38:56,240 --> 00:38:58,160
in 2026. 
So they're already starting to 

740
00:38:58,160 --> 00:39:01,200
look ahead. 
So I have to have to keep 

741
00:39:01,200 --> 00:39:03,960
rooting them on there. 
OK. 

742
00:39:04,000 --> 00:39:06,240
I mean the Coinbase miss was not
crazy, right? 

743
00:39:06,240 --> 00:39:10,000
It was they, they earned it was 
121 and then estimate it was 

744
00:39:10,000 --> 00:39:12,800
125. 
Amando, I saw you make a tweet 

745
00:39:12,800 --> 00:39:14,920
about that. 
I made the same joke yesterday. 

746
00:39:14,920 --> 00:39:17,480
Right away, it seems like it was
quite a lot of people thinking 

747
00:39:17,480 --> 00:39:18,920
that way. 
Do we think that this is what's 

748
00:39:18,920 --> 00:39:21,200
going to push Coinbase to 
finally acknowledge meme coins 

749
00:39:22,360 --> 00:39:24,240
for the, for the revenue for 
this quarter? 

750
00:39:24,480 --> 00:39:28,320
Do we think this is what it's 
going to take for them to to, to

751
00:39:28,360 --> 00:39:30,480
finally sort of start buying 
into that? 

752
00:39:31,120 --> 00:39:32,920
I honestly just have no idea 
why. 

753
00:39:33,000 --> 00:39:38,160
Like Coinbase have listed some 
stuff only futures in Europe. 

754
00:39:38,200 --> 00:39:40,680
That's kind of how they like, 
that's what when you get 

755
00:39:40,680 --> 00:39:43,080
Coinbase listing these days, 
it's only for futures in Europe.

756
00:39:43,240 --> 00:39:44,240
They say, hey, we're going to 
list it. 

757
00:39:45,040 --> 00:39:49,440
We're going to list this pub. 
They should be listing these 

758
00:39:49,440 --> 00:39:51,520
things like these are meme 
coins. 

759
00:39:51,880 --> 00:39:56,400
If Coinbase can't don't think 
that they can take that risk 

760
00:39:56,400 --> 00:39:59,640
with meme coins. 
I just, I don't know, like it's 

761
00:40:00,880 --> 00:40:04,160
we could be maybe, maybe if 
Trump gets in, they'd like, 

762
00:40:04,320 --> 00:40:06,440
yeah, we're going to start 
listing some meme coins, like, 

763
00:40:06,560 --> 00:40:08,080
but meme coins, right? 
Like. 

764
00:40:10,080 --> 00:40:13,200
I don't know, it just it seems 
as though they're being very, 

765
00:40:13,200 --> 00:40:16,800
very defensive to not list them.
Is there a reason for that? 

766
00:40:16,800 --> 00:40:18,640
Because they listed bunk quick 
obviously. 

767
00:40:18,640 --> 00:40:23,880
Like they're very connected. 
It seems they listed not even 

768
00:40:23,880 --> 00:40:27,400
not even bass means actually the
one thing that made no sense to 

769
00:40:27,400 --> 00:40:28,880
me. 
I'm sorry it was the D Gen. 

770
00:40:29,320 --> 00:40:32,640
chain. 
Like all three perps like that 

771
00:40:32,640 --> 00:40:34,160
and that makes absolutely no 
sense. 

772
00:40:34,160 --> 00:40:37,320
But they haven't even really 
listed acknowledged the memes on

773
00:40:37,320 --> 00:40:40,000
Coinbase, have they? 
This is a point like they 

774
00:40:40,000 --> 00:40:42,080
clearly have a thing against it 
which which I would see is the 

775
00:40:42,080 --> 00:40:45,400
cleanest all all everyone's 
trading is memes like you you 

776
00:40:45,400 --> 00:40:47,200
bring up do. 
You think it was because of the 

777
00:40:47,200 --> 00:40:49,960
SEC suit? 
I think it is, yeah. 

778
00:40:50,080 --> 00:40:51,840
I think, I think because it's 
not just them, a lot of 

779
00:40:51,840 --> 00:40:53,960
different US exchanges don't 
list them for spot, right. 

780
00:40:55,280 --> 00:40:58,080
You list every other fucking 
utility coin that has fake 

781
00:40:58,080 --> 00:41:01,360
utility governance. 
What's like, I don't understand,

782
00:41:01,920 --> 00:41:04,320
I mean, I guess I'm speaking to 
people who think like me so but 

783
00:41:04,320 --> 00:41:09,680
I just don't get it. 
I think it's it's it's strange 

784
00:41:09,720 --> 00:41:12,440
from my pet because for one 
thing, they've been pretty, 

785
00:41:14,040 --> 00:41:15,760
pretty strong in their defence 
of what they've done is 

786
00:41:15,760 --> 00:41:19,080
completely right. 
So I don't see why they feel 

787
00:41:19,080 --> 00:41:21,520
like listing mean coins would 
make their case worse. 

788
00:41:23,440 --> 00:41:29,480
Yeah, that's yeah. 
The policy for sure. 

789
00:41:29,480 --> 00:41:31,160
It's a policy from them that 
they don't. 

790
00:41:32,160 --> 00:41:37,240
It's clearly a policy. 
I just now I'm I've been pro 

791
00:41:37,240 --> 00:41:40,160
Coinbase stock from an 
investment standpoint before 

792
00:41:40,160 --> 00:41:42,240
earlier in the year, but now 
like I'm looking at it like why 

793
00:41:42,240 --> 00:41:45,880
would you own Coinbase stock 
over just owning Bitcoin at this

794
00:41:45,880 --> 00:41:47,640
point? 
I don't really know that it 

795
00:41:47,640 --> 00:41:49,320
makes sense to. 
Yeah. 

796
00:41:49,520 --> 00:41:52,160
I, I prefer it versus ETH 
because I think a lot like we've

797
00:41:52,160 --> 00:41:54,440
spoken about before, the base is
just capturing so much of the 

798
00:41:54,600 --> 00:41:59,240
trading and right now, so I 
would look at Coinbase versus 

799
00:41:59,240 --> 00:42:03,600
ETH, but I, I prefer Bitcoin and
Solana to play for them. 

800
00:42:05,000 --> 00:42:12,400
Yeah, I would agree. 
OK, so yeah, I don't know, I 

801
00:42:12,400 --> 00:42:14,200
think they're gonna, I think 
they're gonna start listing meme

802
00:42:14,200 --> 00:42:15,600
coins. 
I also think I do anything that 

803
00:42:15,600 --> 00:42:17,600
these people wait for the right 
time 'cause like if they had 

804
00:42:17,600 --> 00:42:19,840
listed our meme coins, like in 
the summer, what happened then? 

805
00:42:19,840 --> 00:42:21,520
Like they sound like they 
performed very well, right? 

806
00:42:21,520 --> 00:42:24,080
And then they sound not great. 
But like if you list like a Pepe

807
00:42:24,080 --> 00:42:27,440
for now, like I saw you tweeted 
about Pepe first Mando, it's 

808
00:42:27,440 --> 00:42:28,480
like, oh, it would start with 
Pepe. 

809
00:42:28,520 --> 00:42:29,960
Seems like it would start with 
Pepe. 

810
00:42:29,960 --> 00:42:32,360
It's the most logical coin to 
list first, though I do think 

811
00:42:32,360 --> 00:42:33,960
with as well because the hat is 
on. 

812
00:42:34,880 --> 00:42:37,080
But. 
Because of my bags? 

813
00:42:37,880 --> 00:42:40,040
No, I probably. 
You should see the lines I drawn

814
00:42:40,040 --> 00:42:41,440
with. 
Only Tyler has seen them. 

815
00:42:41,440 --> 00:42:44,640
They're private. 
No, it's just like you. 

816
00:42:44,880 --> 00:42:50,920
You never don't see Pepe in the 
top derivative of what? 

817
00:42:51,160 --> 00:42:58,560
Like it's never not there, but 
but that's not the case for, 

818
00:42:58,640 --> 00:43:02,240
for, for. 
So like it put put in 

819
00:43:02,240 --> 00:43:07,520
perspective yesterday Pepe did 
1.3 billion, Wif did 7700 and 70

820
00:43:07,520 --> 00:43:12,320
million Mudang again did Mudang 
over a billion. 

821
00:43:12,320 --> 00:43:18,600
So yeah, yeah, like WIF is 
there, but Pepe is the obvious 

822
00:43:18,600 --> 00:43:21,080
one. 
Like it has always been there. 

823
00:43:21,520 --> 00:43:27,280
It's by far the most obvious 
thing to mean to be listed yeah.

824
00:43:27,720 --> 00:43:30,400
So I guess we'll see we'll see 
what that unlocks. 

825
00:43:30,400 --> 00:43:33,120
But you know, Pepe would would 
help a lot and it would help 

826
00:43:33,120 --> 00:43:35,160
overall the ETH ecosystem for 
coins. 

827
00:43:35,160 --> 00:43:38,360
I think could use could use 
could use a dub like that. 

828
00:43:38,360 --> 00:43:40,640
And then the on the Solana side,
I don't know who they would list

829
00:43:40,640 --> 00:43:45,120
first, but if Mudan got Bitcoin,
Binance bought Binance futures 

830
00:43:45,120 --> 00:43:47,200
and if they get spot, we'll see.
But anyways, did you guys 

831
00:43:47,200 --> 00:43:50,480
actually see that clip of CZ 
that surfaced this morning, 

832
00:43:50,720 --> 00:43:54,320
People of the prison guards? 
Yeah, they they want to know his

833
00:43:54,320 --> 00:43:56,640
tips. 
That was a funny 1. 

834
00:43:56,840 --> 00:43:59,600
He reveals that a couple prison 
guards asked him which coins he 

835
00:43:59,600 --> 00:44:02,120
should buy. 
Didn't say which ones, but yeah.

836
00:44:02,280 --> 00:44:04,880
I'll switch. 
Tell us which indeed. 

837
00:44:05,000 --> 00:44:06,200
Of course you'd ask that 
question. 

838
00:44:06,680 --> 00:44:09,600
Let's let's ask him, Give me 
some, give me some money. 

839
00:44:10,560 --> 00:44:12,720
Yeah, he's he's not allowed to 
talk about crypto at all, 

840
00:44:12,720 --> 00:44:15,120
actually. 
So he wasn't able to, to mention

841
00:44:15,200 --> 00:44:17,080
anything. 
And that's part of his thing. 

842
00:44:17,720 --> 00:44:20,400
He's he can't talk crypto. 
He can talk family, can't talk 

843
00:44:20,400 --> 00:44:22,880
all sorts of things, can't talk 
crypto. 

844
00:44:22,880 --> 00:44:23,760
Oh, shit. 
I just saw the time. 

845
00:44:23,880 --> 00:44:27,200
Tyler, what else? 
What else was like top, top 

846
00:44:27,200 --> 00:44:30,200
headlines for you this morning? 
Robin heard Europe they're 

847
00:44:30,200 --> 00:44:32,400
they're they're listing the top 
five meme coins. 

848
00:44:32,400 --> 00:44:33,960
So if you want to know which 
which coins. 

849
00:44:34,600 --> 00:44:40,720
There's no money in Europe. 
It's like we're launching it in 

850
00:44:40,760 --> 00:44:46,600
Europe for like $5 volume like. 
There's going to be $5000 volume

851
00:44:46,600 --> 00:44:48,360
traded in the next. 
They pay you. 

852
00:44:48,440 --> 00:44:51,560
They pay you to trade. 
Yeah, yeah, exactly. 

853
00:44:52,240 --> 00:44:54,440
So there's not a whole lot 
there, but they picked basically

854
00:44:54,440 --> 00:44:57,760
the big 5. 
So I think we still have those 

855
00:44:57,760 --> 00:45:01,640
coins as the the primary leaders
in the meme streets. 

856
00:45:02,880 --> 00:45:07,680
Let's see, other than that kind 
of the the memes are all pretty 

857
00:45:07,680 --> 00:45:10,800
much bleeding this morning. 
Goats coming back to 500 

858
00:45:10,800 --> 00:45:13,440
million. 
Love that is down. 

859
00:45:13,440 --> 00:45:15,320
I don't know. 
I like this goat dip I actually 

860
00:45:15,320 --> 00:45:18,440
added a bit before the show. 
What's GOAT looking at right 

861
00:45:18,440 --> 00:45:21,160
now? 
Let's let's let's go look at our

862
00:45:21,160 --> 00:45:22,560
memes. 20 before the show, 
let's. 

863
00:45:23,160 --> 00:45:24,920
Go look at our memes. 
Let's let's check in on our 

864
00:45:24,920 --> 00:45:27,560
memes that are bleeding right 
now as Solar is literally 

865
00:45:27,680 --> 00:45:35,400
trading like SBF is dumping the 
rest of his bag goats at 5:20. 

866
00:45:35,400 --> 00:45:36,960
How is Murad's memes doing right
now? 

867
00:45:38,000 --> 00:45:39,480
They're down. 
I think Ricardio was up. 

868
00:45:39,480 --> 00:45:41,080
Most of the board was like 
slightly red. 

869
00:45:41,080 --> 00:45:43,960
Oh, Mog was MOG was up. 
It reflects SBX looks like those

870
00:45:44,120 --> 00:45:45,120
two. 
Oh yeah, we strongly mention. 

871
00:45:45,560 --> 00:45:47,360
That though, right? 
Make sure you mention it please.

872
00:45:48,080 --> 00:45:55,560
Those are my my top 4 fog mog. 
I mean, goat goats down what, 6%

873
00:45:55,760 --> 00:45:58,640
from yesterday's show? 
But yeah, those are the four. 

874
00:45:58,800 --> 00:46:00,240
Those are much. 
Though I believe Ricardio 

875
00:46:00,440 --> 00:46:04,280
survived the Mendel Kendall so 
we we've made it. 

876
00:46:07,120 --> 00:46:10,320
I sold just to let you know, no.
No. 

877
00:46:10,800 --> 00:46:12,280
No, no, no, no. 
No. 

878
00:46:12,280 --> 00:46:13,840
Oh my God, I'm so bullish. 
Yeah, yeah. 

879
00:46:13,920 --> 00:46:16,080
I would consider my entire life 
for a second here. 

880
00:46:17,520 --> 00:46:19,520
Not 4, but it's not not what I 
sold. 

881
00:46:20,240 --> 00:46:22,240
You know, the one that I'm 
surprised is actually performing

882
00:46:22,240 --> 00:46:26,080
like trash is lock in. 
I'm very disappointed in my 

883
00:46:26,080 --> 00:46:28,080
locking bag. 
But it's OK, we stay locked in. 

884
00:46:28,160 --> 00:46:30,800
But I have to say, like this is 
the one that I thought like 

885
00:46:31,080 --> 00:46:33,040
that's the that's the term, 
right? 

886
00:46:33,080 --> 00:46:37,360
Vodamo, where you at? 
Vodamo, everybody tag Vodamo at 

887
00:46:37,360 --> 00:46:38,640
the bottom right. 
There's Twitter spaces right 

888
00:46:38,640 --> 00:46:40,800
now. 
Please And tell Vodamo that 

889
00:46:40,800 --> 00:46:43,800
Farouq has a message for him. 
Farouq needs Vodamo to stay 

890
00:46:43,800 --> 00:46:47,160
locked in yeah Anyways, besides 
that outside of this list, yes 

891
00:46:47,160 --> 00:46:49,680
fog. 
I mean, I can I mean saw a huge 

892
00:46:49,680 --> 00:46:54,960
pump to 300 mil, obviously like 
a retrace here, but for me like 

893
00:46:54,960 --> 00:46:57,120
this form like I think this 
one's the next one they're going

894
00:46:57,120 --> 00:46:58,640
to send to a billion. 
I don't know what you guys 

895
00:46:58,640 --> 00:47:01,080
think. 
I no skin in that game but I 

896
00:47:01,080 --> 00:47:02,840
think this is the one. 
Looks like they've got a good 

897
00:47:02,840 --> 00:47:06,120
set up there. 
I have my four that those are my

898
00:47:06,120 --> 00:47:07,400
four favorite. 
I don't think Fog's gone a 

899
00:47:07,400 --> 00:47:08,880
billion, but I do think you can 
do it. 

900
00:47:09,160 --> 00:47:11,080
I think you can do a 3X by year 
end if. 

901
00:47:11,160 --> 00:47:14,400
Well, 3X is pretty much a 
billion dollars, brother, but 

902
00:47:14,440 --> 00:47:15,400
yeah. 
Close. 

903
00:47:15,840 --> 00:47:21,800
That 3X here from here is what 
790-5800 mil so so that'll be 

904
00:47:21,800 --> 00:47:23,720
pretty nice. 
Make sure you tag Vedamo here 

905
00:47:24,600 --> 00:47:26,840
and then what else we're we're 
on the watch list in terms of 

906
00:47:26,840 --> 00:47:28,440
memes and Mudang. 
Let's talk with pardon. 

907
00:47:29,960 --> 00:47:31,400
Pull up Mudang and then we'll go
runes. 

908
00:47:31,400 --> 00:47:32,720
Let's. 
Go let's talk about runes, 

909
00:47:32,720 --> 00:47:34,760
because your tweet that you 
shared from Farmer Joe is pretty

910
00:47:34,760 --> 00:47:37,320
interesting. 
Yeah, so this was opening for me

911
00:47:37,320 --> 00:47:39,880
and I guess I shame on me. 
I hadn't been paying attention 

912
00:47:39,880 --> 00:47:46,200
to this closely enough, but it's
been the liquidity suck out of 

913
00:47:46,200 --> 00:47:48,360
the runes and ordinals 
ecosystem. 

914
00:47:48,680 --> 00:47:54,360
Basically since the run up when 
runes launched in May, the 

915
00:47:54,360 --> 00:47:56,640
overall ecosystem is down about 
2000 Bitcoin. 

916
00:47:58,520 --> 00:48:01,280
The the value is down a little 
bit less because the price has 

917
00:48:01,280 --> 00:48:06,120
gone up, but this kind of shows 
you that it's going to be hard 

918
00:48:06,960 --> 00:48:10,560
for sustained pumps in the 
existing ecosystem until that 

919
00:48:10,560 --> 00:48:12,480
starts to turn around. 
And I think we're seeing it with

920
00:48:12,480 --> 00:48:16,080
memento Mori drop. 
You know, it's maybe it's just 

921
00:48:16,080 --> 00:48:18,840
confirmation bias, but basically
all the leaders sold off 10 to 

922
00:48:18,840 --> 00:48:25,360
15% as folks got funds ready to 
buy the, the shiny new runes and

923
00:48:25,360 --> 00:48:29,320
it's all 110 Bitcoin volume. 
It got to 15,000,000 and now 

924
00:48:29,320 --> 00:48:31,160
it's kind of a question of 
what's going to be able to do 

925
00:48:31,160 --> 00:48:36,760
from here. 
Yeah, it's down to 12.7, so a 

926
00:48:36,760 --> 00:48:40,280
strong first day. 
But until more Bitcoin comes on 

927
00:48:40,280 --> 00:48:42,720
chain and starts playing with 
these assets, it's it's hard to 

928
00:48:42,720 --> 00:48:46,240
be super bullish, right? 
Or, or again, like the surprise 

929
00:48:46,240 --> 00:48:48,600
sex listing is the wild card 
here. 

930
00:48:49,960 --> 00:48:52,120
Yeah. 
So we're rooting for sex, yeah. 

931
00:48:52,240 --> 00:48:55,480
I mean, we're rooting for sex. 
I mean every single crypto 

932
00:48:55,480 --> 00:49:00,600
participant is but but it seems 
like we can't even get our memes

933
00:49:00,600 --> 00:49:03,000
listed so so we'll see what 
happens there. 

934
00:49:03,120 --> 00:49:05,600
You're right, dude, like 
honestly, like every single time

935
00:49:05,600 --> 00:49:07,800
a new room drops like there was 
a memento more yesterday, like 

936
00:49:07,800 --> 00:49:10,760
pops takes a 40 million market 
cap hit and it's not just pops 

937
00:49:10,760 --> 00:49:13,200
just because that's the one I 
look at because I own it, but 

938
00:49:13,200 --> 00:49:14,800
every single one of them just 
drops. 

939
00:49:14,800 --> 00:49:17,520
Even the collections like the 
major 4 collections that we talk

940
00:49:17,520 --> 00:49:19,600
about quantum cats, no monkeys, 
pop cat puppets. 

941
00:49:19,600 --> 00:49:20,720
And what's the other one? 
I get O. 

942
00:49:21,520 --> 00:49:25,120
MB. 
O MB they dump like 1520 points.

943
00:49:25,120 --> 00:49:27,320
The second is one other hot 
narrative on routes. 

944
00:49:28,480 --> 00:49:31,080
It never. 
Happened that everything goes up

945
00:49:31,080 --> 00:49:32,640
together. 
I mean it's sorry, as soon as 

946
00:49:32,640 --> 00:49:34,640
something's out like as soon as 
it's a hot shiny thing, 

947
00:49:34,880 --> 00:49:36,560
everything dumps. 
So I don't think there's a lot 

948
00:49:36,560 --> 00:49:40,280
of people trading ruins at the 
moment on there. 

949
00:49:40,280 --> 00:49:43,200
No matter how much like magic 
Eden is really doing a good 

950
00:49:43,200 --> 00:49:47,480
effort and making it easier. 
But it's it's tough so far. 

951
00:49:47,480 --> 00:49:51,280
So let's root for sex and right 
Griffin. 

952
00:49:51,480 --> 00:49:54,160
Of course Griffin would tweet 
that with message out because 

953
00:49:54,160 --> 00:49:57,400
Griffin did it. 
What's up? 

954
00:49:57,400 --> 00:50:02,760
How do I look at the top? 
You just go to ruins and sort by

955
00:50:02,760 --> 00:50:03,800
volume. 
And you look at the top. 

956
00:50:03,840 --> 00:50:05,800
Ruins here, you go to Magic 
Eden. 

957
00:50:05,880 --> 00:50:09,400
They've honestly done Magic. 
Eden is the incredible job here,

958
00:50:09,400 --> 00:50:13,400
and you go by volume. 
I was trying to, I was trying to

959
00:50:13,400 --> 00:50:15,160
sort by market cap, but that's 
just terrific. 

960
00:50:15,160 --> 00:50:18,600
No, by market cap, you can't. 
You want to do by volume here. 

961
00:50:18,600 --> 00:50:20,280
There you go. 
So by volume and Mentor Mori has

962
00:50:20,280 --> 00:50:23,280
done $8 million in volume, but 
you see $8 million volume is 

963
00:50:23,280 --> 00:50:26,160
like the total volume for ruins 
like for the last like 15 days. 

964
00:50:27,680 --> 00:50:29,680
Nothing else is over a million. 
I mean, yeah. 

965
00:50:30,000 --> 00:50:32,000
Like Pops is doing 200 K volume 
a day. 

966
00:50:35,120 --> 00:50:37,080
Yeah. 
So there's not much volume. 

967
00:50:37,080 --> 00:50:39,240
Yeah, there's really not much 
volume going on there. 

968
00:50:39,240 --> 00:50:41,280
Like Puko was the new narrative 
that was 5 mil. 

969
00:50:41,480 --> 00:50:44,800
It's doing 71 K volume. 
Like the average shit going on 

970
00:50:44,840 --> 00:50:46,720
Salon on those like 10 times at 
volume. 

971
00:50:46,720 --> 00:50:47,800
You know what I mean? 
What? 

972
00:50:47,960 --> 00:50:51,280
We'll say is all these coins did
level up in that time period 

973
00:50:51,280 --> 00:50:54,920
where the Bitcoin total supply 
drops by 2000. 

974
00:50:54,920 --> 00:51:00,200
So we still did see a pretty big
run without an influx. 

975
00:51:00,520 --> 00:51:04,760
So it's possible, but like to go
further from here it seems like 

976
00:51:04,760 --> 00:51:05,880
it's going to take a little bit 
more. 

977
00:51:05,880 --> 00:51:08,040
It's going to take more right, 
But the good thing on the flip 

978
00:51:08,040 --> 00:51:10,320
side is if you catch the pumps 
on a little volume, it's 

979
00:51:10,320 --> 00:51:12,480
fireworks, right? 
Like pups just went from 90 mil 

980
00:51:12,480 --> 00:51:14,800
to like 175,000,000 like a day 
Mendo, you know what I mean? 

981
00:51:14,800 --> 00:51:16,600
So it's like and that wasn't 
like 400 Q volume. 

982
00:51:16,600 --> 00:51:18,720
So it's like it really doesn't 
take much to get fireworks going

983
00:51:18,720 --> 00:51:21,880
on that. 
Is that like? 

984
00:51:22,840 --> 00:51:26,160
You need to sell these pumps. 
Yeah, it reminds me. 

985
00:51:26,200 --> 00:51:27,760
This reminds me. 
Oh, I know what it reminds me 

986
00:51:27,760 --> 00:51:29,240
of. 
Just a little bit and then you 

987
00:51:29,240 --> 00:51:32,240
can buy it back but like it. 
The gaps in runes are just 

988
00:51:32,240 --> 00:51:35,280
insane. 
You could write like 90K, you 

989
00:51:35,280 --> 00:51:38,200
could write 90 mil to 150 mil on
pumps probably for the next 

990
00:51:38,200 --> 00:51:40,680
three weeks and it's going to 
still happen, right? 

991
00:51:40,720 --> 00:51:43,200
And the thing, you know what 
reminds me of trading NFTS? 

992
00:51:43,240 --> 00:51:47,760
Pre Genie 3X2Y2 pre looks rare. 
Pre all this stuff opens. 

993
00:51:47,760 --> 00:51:50,360
Remember buying them one by one 
off the floor and having to 

994
00:51:50,360 --> 00:51:52,680
front run each other because you
didn't know where to buy so had 

995
00:51:52,680 --> 00:51:55,680
to go 3 rows down? 
That's exactly what it's like. 

996
00:51:56,080 --> 00:51:58,920
And in a way some people made a 
ton of money because if you play

997
00:51:58,920 --> 00:52:01,280
that to your advantage, you know
it works out. 

998
00:52:01,280 --> 00:52:04,480
So you should accidentally sell 
your your your your pups like 

999
00:52:04,480 --> 00:52:06,320
Tyler does and then it works 
out. 

1000
00:52:09,280 --> 00:52:12,200
It's still so there's still an 
advantage to like this ruins 

1001
00:52:12,200 --> 00:52:16,000
like the low volume sucks, but 
like go look at RIP ETH the the 

1002
00:52:16,000 --> 00:52:19,000
runner from this morning. 
So everyone was sending me RIP. 

1003
00:52:19,000 --> 00:52:23,520
ETH same and it's dead now. 
And it and it died in 5 minutes.

1004
00:52:24,200 --> 00:52:27,040
So like you have to be. 
You can't even go outside to. 

1005
00:52:27,160 --> 00:52:29,040
Classic. 
You know how many times I got 

1006
00:52:29,040 --> 00:52:30,480
rugged? 
Yesterday I got rugged three 

1007
00:52:30,480 --> 00:52:34,200
times on three different coins. 
Actually, I think I got rugged. 

1008
00:52:34,520 --> 00:52:36,800
I got rugged like 6-7 times this
week. 

1009
00:52:37,320 --> 00:52:40,640
I'm so tired of it. 
A bad week for the trenches. 

1010
00:52:40,640 --> 00:52:42,680
Which is weird because like, 
Luche was a big hit and it 

1011
00:52:42,680 --> 00:52:44,600
seemed like everyone printed on 
that. 

1012
00:52:44,960 --> 00:52:47,240
I had a huge dump overnight, and
then it came back as well. 

1013
00:52:48,240 --> 00:52:50,760
Yeah, yeah, that's some dump 
when it came back. 

1014
00:52:50,760 --> 00:52:52,560
Anyways, I'm seeing the time 
we'll get to robot spins. 

1015
00:52:52,560 --> 00:52:56,400
But quickly, just to to mention 
what Tyler talked about earlier,

1016
00:52:56,400 --> 00:52:59,200
the crypt readers, are you going
to be able to access Marriott? 

1017
00:52:59,440 --> 00:53:03,200
We've been keeping Meteorite in 
close beta all October for 

1018
00:53:03,200 --> 00:53:05,880
reasons that you're about to 
find out over the next month of 

1019
00:53:05,880 --> 00:53:08,480
November. 
It's there. 

1020
00:53:08,680 --> 00:53:12,080
Marriott is available for 
decrypt newsletter participants 

1021
00:53:12,080 --> 00:53:13,720
just going to crypts Twitter 
account. 

1022
00:53:13,760 --> 00:53:15,920
I think you have to retweet that
today anyways to enter the robot

1023
00:53:15,920 --> 00:53:17,680
giveaways. 
So you can check it out, but 

1024
00:53:17,680 --> 00:53:19,200
make sure you check it out. 
Don't sleep on that. 

1025
00:53:19,480 --> 00:53:22,200
And if I were you, you know, 
once you're, you know, let's let

1026
00:53:22,200 --> 00:53:24,520
drank points get farm first. 
But I would I would start 

1027
00:53:24,520 --> 00:53:27,720
farming that as well because 
it's going to be an exciting 

1028
00:53:28,240 --> 00:53:31,720
November, December coming ahead 
on our front. 

1029
00:53:31,720 --> 00:53:32,880
But yeah, definitely check it 
out. 

1030
00:53:33,120 --> 00:53:36,080
We're going to be allow 100,000 
more people. 

1031
00:53:36,320 --> 00:53:38,560
It's been good so far. 
We've only opened whitelist to 

1032
00:53:38,960 --> 00:53:42,440
3500 users and we have 1000 
weekly actors. 

1033
00:53:42,560 --> 00:53:45,520
So it's not about ratio. 
And now we're finally able to to

1034
00:53:45,520 --> 00:53:47,920
open to some more people. 
We have to wait a little bit in 

1035
00:53:47,920 --> 00:53:49,960
the back end. 
So some exciting stuff going on 

1036
00:53:49,960 --> 00:53:50,360
drinks.
