Yo-yo, yo, what up, what up? Good morning, good morning GMG
Thursday. Whoa, our 50s weeks are flying
by there. Thursday, June 6th, 2020 Look at
that, another beautiful day to have a beautiful day.
I don't know why I said Mando, I meant Sims.
I got my coats in the house. Tyler Mando, how you guys doing
today? Doing great man, awesome.
Busy though, man, I am fucking busy at the.
Moment, dude, I can definitely relate to that brother.
I can definitely relate. Tyler, how you doing?
I'm good the the market's busy. I love days like this when
there's just so much news. There's plenty to talk about.
So you always create. That's how I know we're football
Raging Bull. So yesterday, obviously I was
doing my thing at the F1 fan zone, which is super cool.
By the way, in Montreal pack, hundreds of people showed up on
a Wednesday at noon. Really impressive.
But anyways, point being. So I kind of like missed the CT
part for the most of the day because I was busy till like 9
PMI wake up this morning, open my timeline and actually was
like struggling to catch up on just yesterday from let's say
noon to 9:00 PM. Not even before because we
hosted the show. That's how busy it's been.
Between Hayden Adams weighing in on the Iggy thing more and more,
Iggy dunking on Vitalic to TG going to Miami.
He's actually on the flight to Montreal right now.
He'll be here in two hours. He was meant to be here with me
yesterday, but last second I had the Iggy thing.
So flying he went LA Miami, Montreal anyways to that.
So we're dealing with this during that to that.
I'm seeing the market going crazy to to add a little to a
bunch of shit going on the timeline.
What was it, Robin Hood this and that.
Anyways, there's a lot to talk about today.
There's a lot to talk about today on this wonderful 6624.
So you absolutely love to see it.
The sun is the sun stopped shining.
I said the sun is shining in Montreal too much.
Yeah, the sun is not shining. There's a building in front.
So I go. I really stretch my neck out.
Sun is not shining in Montreal today.
But you know what? You know where it's shining in
Portugal. Mello doesn't mean to tell me.
I know, I know. The sun is shining in in Liz
Bois today. Anyways, today on the show.
What do we got for y'all today? Let me open a sheet up today.
Obviously. Daily market report as usual.
Look at that Mando we held above 70.
Let's see how long we'll hold. We'll hold that that front for
but we nearly pushed above the breakout.
We'll get we'll get we'll get we'll get Mando chat chatting
with us about that in a minute here, but 71 K Bitcoin, you
absolutely love to see it macro news.
I mean, we had the the Robin Hood acquiring basetime news.
I'm sure we'll talk about the Coinbase launching a smart
wallet. Touched on that yesterday
quickly 'cause it happened during the show.
Yeah, five bit opening to Chinese users explicitly.
Of course you have Kramer and Gensler, but we talked about
this yesterday, blah, blah, blah.
I loved Mando doubling down on his dunking on the timeline
during the show yesterday when you were like, tweeting was
great. Yes, he loves, he said then
Tyler's top five or six or seven or fucking 10.
For what it's worth, I don't even know.
Tyler's top. Tyler's top.
Wait, that sounds. Yeah, it's not.
It's top. Then Tyler's top five.
Crazy. Yeah, maybe not.
Maybe, maybe. Let's not do Tyler's top, let
Tyler's top five. Can you just make it Tyler's top
4/4? So I get to say 4-1 more time
and then, you know, maybe we have too much too.
Much, of course, not enough. Not enough topics for.
Me Tyler's Top 14 so I'm sure we'll talk about all this.
Let's have some Ronaldo stuff on a time like hey, I couldn't even
keep up. Thankfully I have Co hosts that
are deep in the weeds and kept up with everything.
You know he have Pac-Man tweeting.
You have glass goats coming up. Anyways, bunch of stuff Counter
strike skin selling. I saw Deez talking about this a
lot. Deez is losing his shit on the
timeline. Love to see it going on.
I got my notifications on for Deez.
Is he listening? So he usually listens to this
man has been on a rampage. Anyway.
That's probably because he's doing the sober June thing.
And then last but not least, we'll be joined by Warden
Protocol today as today's show partners.
So warning protocol will come and chit chat with us towards
the end of the show as usual. And the show is powered by
Moonpay to buy insult crypto with PayPal, download the
Moonpay app, but also fairside network on X wallet wallet
coverage for drains, scams and more.
And boy, oh boy, scams are still rampant in this space.
So make sure you copy your crypto on Moonpay and then cover
it with fairside network. But anyways, anyways, anyways,
Mr. Bisbee, let's hear all about it.
Who is the man that called Daddy of the land?
Can you dig it? GMGM, everyone.
So yeah, we are kind of where we were yesterday.
Stocks hit all time highs yesterday.
NVIDIA officially flipped Apple, which I think was relatively
interesting. Now a three trillion company, $3
trillion company, huge, huge move.
So everything's pretty strong in macro.
Don't believe the the bears. Hey Wizard are.
You listening? Goldilocks period is continuing
anyway. Crypto.
I saw another big inflow. 500 million of inflows into the
Bitcoin ETF. Wow, But we still just hanging
out at 71. So you saw Eve had a little bit
of a pump yesterday at one point, but then kind of didn't
really sustain it. And we're we're kind of on we
where we were yesterday for everything.
I think when we went live on the show, Eve had been performing
for a little bit. What's that sound?
Don't. Know check, check check 1-2.
Check to check. Yeah, weird.
It's the training for hacking. Yeah.
Iran. Iran, get off my stream.
Yeah, exactly. Go, go on.
See, we're still. Hey, we're still right there,
Mando. We're still right there.
We're trusting the lines. We're still hanging out and
waiting to see what happens. Tomorrow obviously, is the big
day with NFPS. You saw some softer employment
day to yesterday, which meant that rate cut expectations are
starting to grow. ECB cut rates today.
Bank of Canada cut rates yesterday.
So some positive sentiment there.
Meme coins have been again a bit mixed.
The big winner in the in the in the top meme coins has been
Brett. Brett's gone to 1.4 billion now.
So that one keeps going. And then other meme coins again
have just been kind of mixed, I would say with a slight
preference for ETH or ETH related projects doing doing OK.
In terms of the bigger news that I saw over the last like 24
hours, I think the China thing is quite a big one.
So Hong Kong was opening up a crypto and then in the last two
weeks you've seen that every single major exchange has pulled
out of listing in Hong Kong finance.
OK, X bye bit Gate. They've all decided not to do
it. And the reason is, is because to
list in Hong Kong, you had to explicitly say and have tight
controls on not having other Chinese users.
And of course all these guys have got other Chinese mainland
users. So you're actually, you're
having eleven people, I think filing for exchanges in Hong
Kong. But they're all kind of
unknowns, like they're not big firms.
And so now you've seen by bit just explicitly say, hey, yeah,
if you're China, you can come and you can come and list on the
site, which is kind of wild. Like they've not they've just
kind of, I don't know, they're going to faffo and find out,
right. Let's let's see what happens
here because China, China could be more aggressive, but they're
also being a bit more lenient on on in Hong Kong.
So let's see what they're going to do to these exchanges.
Just trying to explicitly go after Chinese users.
So yeah, that was that was like the biggest thing I think.
And I think the other thing is that its stamp, which is a huge
exchange in South Korea got bought by Robin Hood that which
is another move from them into into crypto.
So bit bit of movement, I say on the exchange side, particularly
in Asia. But yeah, Robin Hood buying.
A Europe. It's not a European.
Sorry, it's a European exchange. Sorry, European exchange, yeah.
But yeah, that, that'll be huge. That'll be yeah, another huge
piece of news there. So, yeah, I think that will be
that just shows that more intention of, of being involved
from these sort of traditional exchanges into, into crypto.
So, yeah, that was that was kind of it from the from the main
news. And and then yeah, infos have
been strong, but we're not really not really doing much.
Yeah, I, I want to ask you something, Mando, to go back on
this Robin Hood news because that's pretty much the big news
of the day, right? Like at least, I mean, there's a
lot, right. The the, the by bit news is not
to be people really need to pay attention to by bit news.
And you're right, doubling down on that because it's true that
last week I read the article, OK XI went to withdraw from Hong
Kong. I was all like, oh, Hong Kong's
going to be the spot. And I was super like taken aback
from hearing that, right. You heard, you know, because
that was been went back and forth a lot.
Yeah, and now they're explicitly marketing to Chinese people,
like in China, Like it literally, like it's literally
saying you can verify your identity.
Look, I don't know if it's a sign up or not, but I guess
we'll see. Super bullish news.
But this Robin Hood stuff is really big, right, Mando?
But question for you, Why the need to acquire an exchange for
crypto? Do you think it's to separate
themselves, like from a regulator's perspective?
Probably. I mean the way that European
regulation works as well as is often that you need to do it
with for each country. So I don't know what deals, I
mean 200 million is not that much for an exchange.
No like it sounds like pocket change for them, right?
200 mil. I wouldn't say.
I mean, I don't know how much is Robin Hood worth Robin Hood.
I mean, the Hood stock is like Hood stock is going crazy
though. Robin Hood's at a $19.5 billion
market cap, up 4% on the news today.
So up well, up 25 points this month.
So it's, it's worth something obviously, but it's a $20
billion company buying a two $200 million company.
So 1% of their of their company's value.
So it's not, it's not absolutely insane, but I think it just
gives them an entrance into, into Europe.
And they already had a Robin Hood EU, but maybe, maybe this
they felt would be stronger with, with Bitstamp.
Personally, I think that China thing's bigger.
I think if if you start to see these exchanges start to open up
explicitly to China, that's that's a big deal that, you
know, that's a billion people. So yeah, that, that that would
be very, very interesting to see.
But it seems to, I know people are following, have been
following it less, I feel like, because it's not like an easy
headline. But if you get to read between
the lines of what's been going on, it feels as though this
whole move to Hong Kong thing is not going as potentially
planned. And instead, they're just going
to guess that China can just open up by offshore agencies.
So we we'll see, we'll see that. And then the kind of other news
was just the big, the big predictions on ETH from Banek.
Remember they had that crazy Solana prediction and then
they'd come out with A22K ETH prediction.
So they're bullish. Wait, that's the 22 K prediction
was like bearish case, right? Because it was 150 K prediction
too, no? That was their base case. 22K is
their base case. Base case, I think.
Let's have a look. So Vanek, I forget what it was
for Solana Vanek base case. I didn't see the solana one,
what'd I miss? I'm trying to open this link for
you guys. I looked into it all.
So the place I saw from 2023 was Solana.
Base case was 350 and the bull case was 3200.
OK. Yeah, let me have a look.
So yeah, bull case was 3000 by 2033. 1000 for Soul.
Yeah. I don't have to go 330 bro, I
may be dead by then. You guys give me 2030
expectations. Like what?
What's their like? Yeah, what?
What's their like 20252026 expectations?
I mean, they made they made this prediction back in last year
when but everything was one of us like a fraction of his right
now like the biggest honor volumes over the last year.
So I don't know what they they would they would let's just say
Van Ecker bullish. They're coming out pretty crazy
here or very high ones at least. I guess the 10X on east over the
next five years is possible. It's.
Possible. For sure possible.
I love that. I, I dug into that a bit.
There was some other interesting takeaways.
So like their, their second key take away in the report is they
are recommending a 6% portfolio allocation to crypto for the
average investor, which is, I mean, I think that's the number
that we're starting to see floated around more from these
investment managers. So I think we love to see that
they recommended that 70% bitcoins, 30% ether split in
that portfolio. So, so no mention of Solana just
yet. I don't think their analysis is,
I mean, Amanda, you're, you're much more familiar with, with
this type of analysis and due diligence than I am.
But I did find, you know, how they got to their numbers to be
pretty interesting. So they basically maynet created
their 20-30 forecast by looking at ISA, Tam, so total
addressable market, which they calculated to be 15 trillion
based on the finance, banking and payment sector, marketing,
advertising, social and gaming, infrastructure and AI.
And they put target penetration rates for each of those.
So they're thinking each can get to 7 1/2% of the finance sector
Tam, 20% of the marketing and gaming and social, 10%
infrastructure, 5% AI. And then I think perhaps their
biggest assumption, they didn't assume that ETH will capture 70%
of future crypto application development across all block
chains with a 5 to 10% take rate.
So that that brought them to a forecast 66 billion in free cash
flows. They put A33X multiple on that
to get to a $2.2 trillion market cap, which equates to 22,000 per
E. So that is their back in the
applicant math. I mean, certainly that there's
assumptions there that you can poke holes in.
I think perhaps the, the one that I would find the most
controversial is 70% of future crypto app development happening
on ETH. I mean, that's a, that's a lofty
target. I mean, it's, it's perhaps
pretty doable, but I don't know, it was interesting for me to, to
read through, you know, how they got to the numbers because I
hadn't really seen it laid out like that before.
Yeah, I think, I think it's difficult to imagine a scenario
where both Solana and ETH are at that crazy high valuation
because the idea of crypto penetration or yeah, that seemed
they seem like they're both going to be competing on a lot
of their stuff. So I don't know.
Yeah, that's. What was also interesting, and
I'll chub about this, I promise, they refer to ETH as four
different things in the analysis.
They call it digital oil, programmable money, yield
bearing commodity and Internet reserve currency.
I, I guess in their analysis it's kind of additive, which
perhaps that makes the net positive.
But you know, on the show we've been talking about how it's hard
to answer the question of specifically what ETH is.
And I think even Vanek acknowledges that it's a lot of
things, but not necessarily one. So we'll see how that sales
pitch works. I like digital oil.
That's kind of wild. It's.
AI mean that's been a narrative I've heard.
I've heard that narrative plenty of times.
Yeah. Yeah.
You know who loves to say that? It's Lattimore.
It's from him, but like since yours if one of our friends it's
it's maxi loves loves to say Bitcoin is it's digital gold and
is digital oil. You know, chat a lot more.
He says it has his hair weaves in the back in the streets of
Paris. You know developer's account,
but it's OK. I think it's much stronger than
than a yield bearing currency. I I I think it is stronger.
I mean it's been a while since we've checked the ultrasound dot
money website how we doing on the have strong wow, it seems
like we're probably doing good. No Oh no, we've printed 10,000
more each this week. You know, but yeah, it's.
Kind of. It's going to be inflationary
for a long, long time. I mean, since merged we're still
down 375,000 each. That means still means
something, right? Guys?
It's almost two years since merge.
Yeah. So the big thing is this recent
change, right? This recent change for the L2's
SO. Yeah.
That's that's. The changes.
Yeah, definitely interesting. All right, well, look, macro
wise, it looks like that's some of the stuff in Mando.
Are we going to, are we going to break out of this?
Are we going to break out of this cursed spot here or what?
Like you're talking about 12 times trying it.
Just did it again again today, yesterday, today, the day
before, three days in a row. Look at that that we're trying.
I'm repeating what I'm going to say.
Like sometimes you break out of a range like this, but more
often than not, it needs to like on the day of NFPS or one day
week, it needs to touch that lower bound and then just gig
ascend all the way through. You know, like, yeah, zoom out a
little bit. Yeah, here you go.
Here you go. Go to the right.
Do you want me to go on weekly? I want to see no, no, no, this
is perfect. But you can see how it's like
narrowing there. It just has to touch like 67 K
in like a week and that would touch the lower bound and then
it would just poof by. The way right there, right there
it's it is it's right there it's that OK so you're staying right
there bang. So Mango is making a crawl here
for. These things.
Happen. There you go, There you go.
Look at my beautiful line. Look at my.
I thought yesterday was the day like we got to what, 71600?
I thought it broke through that, that level that the ceiling and
I'm starting to to get the champagne.
Out is this a fair assessment 'cause I actually agree with
that one like you know, we're looking at we're looking at you
know, oh, but then we're in July.
So we're like maybe before that, you know, but it, you're right,
Mando did tell me something. It's never a straight line up
that most people think so so we'll see we'll see what goes
down here, but, but hopefully we'll get, we'll break out of
this range. One thing's for sure, you're
probably going to find out from the timeline faster.
You're going to find out from, from, from the charts, because
everybody's going to be screaming about it and it's
going to be fun. I'm really excited for the
candle to $80,000 like I, I've been manifesting, you guys know,
front end, back end. I've been manifesting 2 candles
to 80 K. That's all it takes 5K5K bad
easy, easy money, easy work, easy work.
We got this we got the dog in US now that's who we are.
I mean look at the news. You know one post I want to I
point towards and I want to hear Tylers top million that we got
It was actually it was actually DC investor and I invite
everybody to read. I copy pasted it so you can find
it on my timeline but was DCS post and it's so good.
He says CNBC won't shut up about crypto.
It's usually the first thing they ask regulators about when
they join their shows. Tri fi journalists, analysts and
firms are all hopping on the crypto bandwagon because like
everything else, they want the attention from participating in
the hottest emerging market on the planet.
Coinbase is not publicly listed company and along with others
has been spearheading legal victories against misapplied
regulatory authorities. The Bitcoin ETF has been live
and has seen unprecedented demand in ETF space.
Right. Already $20 billion worth of
volume. ETF about to launch at the start
of the retail bull market. BlackRock is literally
tokenizing funds and theorem and the CEO talks non-stop about a
hunting tokenization and now Robin Hood the default stock
trading up for Gen. Z is buying a crypto exchange to
get share in the market. Imagine not being long AF in
crypto right now. I couldn't so DC investor, you
know well said well said I had to read this tweet out for
everybody as if it wasn't enough to share it.
I had to read it out. You are not sufficiently
bullish, so love to see it love ether 38 love saw at 172 and our
meme coins. They're going to meme.
They're going to do their thing. They're going to cook slowly,
but but definitely liking what we're seeing from the macro here
Mando and hopefully tomorrow biggest numbers in history come
in and then we're going to pump to 80 K for for Shabbat.
You know, I like my Shabbat candles anyways.
So in other news, Tyler, let's get into your top here because
I'm curious to what you got for us NFT and crypto analysis.
Tyler did on four more hour calls.
The kid can't. Bring the Bachelor Bears top
story. We covered it already.
Vanek releasing their $22,000 price target for ETH for 20-30
along with this wild $154,000 bull case target signing the 15
trillion Tam for ETH and its ability to capture 70% of future
crypto DAP development. Next up, we covered on
yesterday's show, Coinbase launches their smart wallet for
easier onboarding. That is the goal.
It features sponsored transactions so apps can pay
fees for you. You don't have to pay,
fingerprint and Face ID access gets set up in seconds, no seed
phrases and immediate connection to 8 networks in their super
chain. Next up, blast, they confirmed
their AirDrop date of June 26th. They told dapps, hey, you have
to distribute all of your gold by June 25th for it to count.
This is going to be a massive 3 week Sprint now ahead of us.
They also teased new opportunities for dapps not yet
on blast so more is coming for season 2 parallel big news prime
staking or or technically cashing is now live $100 million
worth of prime is already staked.
It comes with three options. You can do 21 day staking for
one point O 5 XA, 180 day staking for 2.43 X and then 1095
day or three years for a whopping 85X if you're willing
to lock them up for that period of time.
So that was a pretty big story in Polify all the market odds on
Biden dropping out of the 2024 election surged to 22% after a
Wall Street Journal piece said that he's showing signs of
slipping behind the scenes. The political meme coin market
has responded obema, which is the Michelle Obama coin.
It jumped 170%. Tremp briefly hit a new all time
high Bowden Oh no, down 28% on the day to 188 a 180 million now
down about 75% from peak. But in brighter meme coin news,
Mother Iggy's token, she's battling with the talk.
And hey, Nana's on the timeline. The market likes it.
It hit the whole time behind near 200 million this morning.
I think I saw it 180 million right before we went live.
So just another big day for our our new mother.
You see this Biden video today. Yeah, Mando just sent something.
It's funny. When you send it 5.
Mando just sent us something like 5 seconds.
He's just like pulled out of this event in in France, like.
This guy. Looks old.
This is this was this morning, right?
Your friends. Distinguished guests, please
welcome the Honorable Lloyd J Austin.
They pulled just pulled him out. They did.
I don't know. I don't see the rest of the
video. I don't know.
I I I think like, I know some people laugh this.
I think it's just sad, dude. Yeah.
It's like, it's like, I don't know, super sad market here, but
what do you think, Tyler this is?
I don't want to make fun of him. He's had a long, hard life.
He's 80 years old. Yeah, exactly.
This job is too hard for an 80 year old man or wanting to
perform. I'm just here to make money
guys. Should we should we be trading
this on Poly market? Or we should be, but The thing
is on Polygon dude this. Feels like a decent trade here,
right? Like I.
Don't have any money I can put a bet on.
You know what? We should Poly market here
together on stuff. We always talk about it.
Look, dude, what? That's a market right there,
right? That's a market right there.
Shit dude, I.
Think that's the bet. Will Biden drop out?
Because the trying to bet on the replacement nominees is a little
bit harder right now. I don't think there's really a
clear horse to bet on. You're going to get better odds.
5 to one basically seems really good.
Or what I what I feel like is becoming an increasing certainty
that he will drop out. I guess the only thing with
Polymark is you have to worry about like the wording and I
don't know exactly like if if he's replaced at the DNC, does
does that count for the best? So I'd have to look.
Specifically then like like I'm I'm not too familiar with like
how it works for like in America and stuff like how say he was to
like drop out. Already the Democratic
candidate, like it was like he said, the DNC has already
decided that he was a candidate, so.
Right. It'd be like a formal process
now. I don't know if it would.
Would it just like be decided at the DNC?
That's what folks think, that if it is going to happen, it would
happen there. When is that?
It's in late August. It's actually happening half a
mile down the street from me. Oh damn, then you can go with a
tramp sign or something, I don't know.
Yeah, we'll, we'll send you there for content, Tyler.
Just there with that dude with sign with like a Donald Trump
sign or something. Wait, what?
Whoa, what was that them? I hate this MacBook OS update
that does these fireworks and stuff.
But the odds right now if by so it looks like the odds are
obviously I don't know would RFK, would they just pick RFK as
a candidate? You right?
No, he's a index, right? No.
So then after that the the next most likely are Michelle Obama
and Gavin Newsom. Oh, Gavin Newsom.
Why did I even know this guy? Those little horses.
They're here. They're here, here on screen,
Michelle. Likes Michelle, but I just don't
know that it's just a question of whether or not she wants to
do the the job. I think she's the only dim that
can win. Newsom's got no shot to win.
Yeah, I mean, he could get the nominee, but he's not going to
win the election. So yeah, didn't isn't Gavin
Newsom the the California guy that like was throwing parties
in like French restaurants during COVID while locking down
his entire country? Yeah, he he was having dinner at
the French Laundry. You see that this is how like in
Canada. That's what I know of him.
I don't know him for anything else.
That's wow. Bomb Michelle Obama versus Trump
that I mean, I can't think of a more like divisive US election.
Brother, that is like a movie like I like, that's like the
script. For the oh God, that's gonna be
yeah, that's. Absolutely.
So what coin do we buy so we can do it on polymarket?
I mean, all you have to do is go pick up all these politicians
and buy the like the, the redacted coin of it, right?
So Clinton, you had the Clinton one.
I know Kennedy, you have one. I know Kamala, you have one.
Obama, you have one, you have a, you have you have a like a
redacted version for all of these you.
Know Obama looks the best. I don't own any.
It's still pretty low. I think it's below 10 million
still. I mean instead of betting on her
own Plymark, you can just bet on that coin.
That is so wild dude. I That is so Obama.
You. Said Obama.
Yeah, I remember having that at some point earlier.
I was buying all of them. Then I gave up on all of them.
It's roofing. Oh it's trading around
15,000,000 market cap for me. Yeah.
So it's moving. So that's that's interesting
behavior, right, to tie back to crypto and stuff, not to go too
deep politics, but like you have some people that are going to go
on the prediction market, but some people their prediction
market is the social fly in a way for them is meme coins,
right? So that's where meme coins do
become social fly, where like people kind of like bet on
different outcomes and odds based on that, right?
Yeah, I think this market is just so interesting like this.
We're getting daily headlines now, and you can bet on it on
these tokens. But think about it.
That's also one way crypto ironically, is becoming
mainstream. Forget the celebrity shit.
It's the politician coins, right?
Like the Boden thing for a moment was out there, right?
Remember we talked about on the show, like the whole headline on
Bloomberg? Was it like, oh, Boden, like the
at the rally, like they had the Boden thing?
Like it's, it's actually, I find that fascinating from a like
social standpoint. Aping Michelle Obama here like
this. Thing I know are you are you man
has gone full full. I mean by the you're saying this
now, you're probably front run by now, so I hope you packed it
back I. Did A10XI didn't even see this?
Oh my God, I've had that so long ago.
At one stage it hit 30, now it's down at 15.
So it's done a five since yesterday.
I'm. Gonna stop trading machine.
Where does? Where does that go If?
If that goes probably 100 maybe if.
If she gets. I'm just guessing.
It will get higher if she gets the nomic goes higher right?
So what's? The Boden hit 600 million.
Boden hit 600. Yeah, Michelle, I mean, she, she
has a higher chance of winning than Biden, in my opinion.
I do think she's a better. I think she'd have.
There's a more chance she'd become president.
I think the issue with Biden is that everyone didn't think he'd
win, but. Well, the issue with Biden is
that the dude, whether he like him or not, the poor old man is
like not feeling well, like, you know what I mean?
It's like, it's like, I see the yeah, it's like he's not like,
he's not even like fit. Bowden is in trouble.
Bowden, the token is in trouble. Here now, Bowden token's done,
dude, I I'm telling you that I think that Bowden, I think that
coin is cooked unless there's like a huge comeback part.
Is the trade tramping at Obama? What should I go next to 100?
Probably. I mean that Trump.
Trump has been the Trump, the Donald Trump coins have been the
trade. It's still ranging.
It's 133 did. Yeah, Trump had all time high
yesterday, Yeah. Trump.
Trump has been the trade. Look at that.
Yeah, yeah. Well, we call that stairway to
heaven. But Kraken would like insta list
Obama, right? I don't know.
Speaking of which, I know others with them, but what's with
Kraken listing shit coins now? I love that.
Didn't they didn't they didn't they?
Didn't Kraken list Poten and Tramp yesterday?
Yeah, they just listed I think yesterday or two days ago,
Kraken's getting in on Polyfy. They they see it.
The market's only going to go up, right?
Like this is one of the most interesting sectors in in meme
coins and it feels like there's a little bit more substance to
it than just purely betting on tickers and and and memes.
So it it's an easy case like Peter Jennings on our on our
show, he he's not deep in many meme coins, but he's super
interested in the polyfi sector. And I think there's.
More. Cases.
No, it's interesting. I mean, what do you have?
Trump? Oh, that's not the right one.
All the Trump coins are are pumping, though.
I don't even know. What this is, there's so many
Trump coins, That's the that's like the biggest risk to it.
What's the right one? For me it was always Trump on
each and then Tramp on soul. Like I can't even find the Trump
on each coin now. Like there's so many it's hard
to even find it. And I, I literally think that's
a part of the problem. Like people, if you don't have
it, you, you don't know where to, to go to get it.
I I thought for the longest time that that was the strongest bet
on Trump was. The Trump coin, you're seeing my
screen, right? We it's not even the the it's
not even there. The the ETH one, the the Trump
coin. I was looking.
At the ETH pending board and I couldn't even find it on the on
the pending. Sure, I found it because I had
it saved, but there it is. That was the previous.
Oh, so it's down. It's actually down, you know,
but it's going to be interesting.
I don't follow. I've personally missed every dip
on that. So if we see dips up 10, I'll
probably finally make a move here.
But it's going to be interesting to follow all these politics
coin. But what do you think?
Like if, if, if ETH, if Solana's the narrative for meme coins,
Solana won't catch up to the ETH one.
That's that's what I always wondered.
But see, that's the problem with the Trump coins.
They're like cap coins. There's too many anyways.
The the bet is on is Trump going to name drop his token?
He's not going to name drop. Trim that.
That's out. But why does the?
Star, we're going to name drop. This Trump token question for
you. Let's go deep.
What are the odds of him slipping because he knows about
tramp and saying tramp. Yes, it's Trump.
Why are the odds of him? Low.
Low like less than 1%? What do?
You call that when you slip by accident, but it's because
you've been thinking of something.
Freudian slip. Freedom slip.
Yeah, that's see Melissa's saying MAGA hat.
I I don't I I don't know y'all I I, I, I I don't know anymore
what's the, what The, the the alpha is here.
I know Mindo had cooked the boat and trade early on, but that's
about as far as I remember so I guess we'll see on the floor I
feel. Like this Obama, apparently
she's I mean, I just I just searched her name.
Looks like her mother died yesterday, but she's she's
denied it before as well that she would ever do it.
I don't know, like, who else are they going to pick?
But I'm, you know what? It's interesting though.
Imagine they bring Kennedy back and it's like, yeah.
Well, they've really burned some bridges with him, right?
Like he probably feels very ostracized because they've done
a really tough job of like trying to get him off ballots in
different in different States and stuff.
I'm not aware of all this. I'm I'm actually wondering my,
the Canadian mind here is like, why is Kennedy not supported by
the Kennedy? Aren't isn't Kennedy the biggest
politician family in the world ever one of them?
Democrats, they're all Democrats.
So they they were very anti him also for it.
OK, well, look, I guess we'll follow that.
Something tells me Mendel's about to make a trade, take a
trade here. But.
Why not? This is like AI mean if she
becomes it, if she becomes the candidate, that could go to 200
million I reckon. Yeah.
So here's the next date, June 27th is the is the the debate
between Trump and Biden. It seems unlikely that he will,
he will withdraw before then. So you've got a little bit of
run on. Interesting.
Thesis here jello bites and actually she's saying if Biden
is in cap is in cap encapsitated.
Harris becomes president by the fault right and Dems rally
around her. That's that's her call.
Then you have broadcasting Ponzi trader's thesis on rec radio was
good. He's saying VP coins like no
back bias. It's interesting.
I mean, hey, share with us what you think and we'll see We'll go
back and see who's right. Damn dude, it's pretty clear.
This is just completely reading between the lines, but that that
man on stage is not looking too good.
No, definitely not looking good at all, dude.
At all. So anyways, so there's that,
Tyler. Comments on form today.
Personally, I'm voting for Hunter Biden.
Oh my God dude the the comments today are great.
The comments today are great. There's some comments I can't
share. I did share them privately.
You guys should definitely check Tyler and Mando.
You should definitely check the Fomora group chat.
I've been seeing it, man. I've been seeing it.
You should. You should see it again.
But oh, you saw it. OK.
But anyways, Tyler, Mr. Tyler, Iggy Azalea again, I got to
talk. For president?
Why not? Maybe that's.
Trading it's the court is trading like she's the one
Democrats are picking. This is unbelievable.
Look at that chart. Is Iggy Azalea a Democrat?
Tweet that out. Oh, she's.
Australian, so probably, well, Australian people.
They lean wire usually. Most rich, most rich celebs lean
left. But regardless, and she like
this, her response to the talk yesterday was one of the single
funniest responses I I feel like I've ever seen and it was just
perfect. Take us through yesterday's beef
between Iggy, because then Hayden Adams weighed in.
So let's talk about that. We were talking about a little
bit on yesterday's show, right? So Vitalik calling out and
saying that that meme and coins are inherently bad, that even
the Stoner cats had more value and purpose than the mother
token. So he specifically did call it
out. And then she posted this pic
last night, this meme of herself effectively breastfeeding a baby
Vitalik and saying he was just hangry.
And I mean, I think this sent the market.
Is this a sign that she she gets it, that she gets or someone on
her team like they know how to put good meme content together.
And then like Hayden Adams, he he clapped back at her this
morning. And what was just saying how we
really shouldn't be dunking on the guy who created everything
that we use on a daily basis, which which I understand.
And then then she she replied to Hayden Adams as well.
I'm not going to get into that response, but she's.
Well, I did not see that. Hold on.
Let me I have to give Gabriel Hayne some kudos.
Your Tyler, did you see that? I didn't see this one.
He's was just angry. Look, and by the way, this is
not us making fun of Vitalic. We're just sharing what's going
on, OK? But I would, I have to say, out
of all the responses, Iggy, like as a rapper, as a meme coin, the
whole song, I think could have given it Vitalic.
Got to give her credit. Like this is the best answer she
could have given, right? Or was she going to write like a
fucking white paper? You know what I mean?
Yeah, it's just it's a four word joke.
It was perfect and you don't need to read anything into it.
And she just, she just gets it. And, and then she, her response
to Hayden was a little bit, probably a little stronger.
Well, let let's let's check that out.
But you know, Hayden Adams, founder of Uniswap, said no
issues with meme coins or celebrity coins 2.
Million he. Said 200 million yeah that said
the underlying purpose of value of the tech goes way beyond
financial change but we know that right like the best bill in
space of more about probably social change Iggy could have
responded positively and use profits to donate to a social
cause or something see I don't even.
She still can't like the ten days old.
Like I don't think like, I don't think like because like as a
matter of fact, most project that came out in 2021 that we're
claiming giving back 10% of the mint funds.
We're doing that to raise funds to pocket themselves.
You know what I mean? Like it's not true, right?
And she probably is like The thing is like it's true.
You could do something for social change and everything we
build like we think about what does that?
How does that better the world in the way or the industry.
Why does Iggy have to come and change the world?
She probably can. She already is probably she's
giving to koalas. There you go fucking koalas.
I didn't it's great. I guess I I'm all here.
The thread guy interview will be great, yes.
Thread guy, my my God. Like that's going to be a point
of viewing. Yeah, where's the Iggy response?
I'm scared to pull it up on screen.
She she quote tweeted it, so you probably go to her page.
Uh oh. And it's hardly she she tweets
so much. Uh oh.
She alludes to if you can't find it, she oh, there it is.
She alludes to Hayden and and Metallica if.
If y'all fuck, just say that. All right?
Well, well, that'll be a. Swagger's just going to increase
like as this token goes up, Like she's just going to have so much
swag on the timeline. And I mean people like it.
Yeah, I mean, I think, Hayden adds.
But he thinks multiple opinions can be like good, like Hayden's.
I don't think Hayden's opinion's wrong.
It's a good opinion, but maybe doesn't fit this specific Iggy
Zelly narrative. You know what I mean?
Like part of this thing. So whatever, you know then.
And they like, you know, Vitalik weighed in and she weighed in
back, you know, I don't I don't I don't see anything wrong in
that front. What do you guys think?
I think there was a, there was a mixture of stuff here.
Like I saw a lot of people criticize if it had like, I
mean, I, we kind of saw it live as it went live.
And that was my response. It was like, come on, man.
Like it's like, let people do what they like.
And then he, she did a funny comeback.
And then I think there's this weird thing this cycle that that
ETH Maxis are being viewed as like gatekeeper ish, and this
kind of played into that a little bit.
So a lot of Solana Maxis came in and like were like, yeah, fuck
you. So so a lot of that.
And then a lot of people were like, you know, don't you can't
like don't take fucking he Azalea's side against Vitalik.
But personally, I'm kind of in the in the Iggy camp or at least
in the stop trying to control or talk down to what people are
going to do with this. Like it's people are just going
to do whatever the hell they like with permissionless
technology. If they want to, you know,
gamble on hamster racing, they will.
And you we can all sit here and be like, oh, I don't know, we
can all sit here and say that, oh, that's stupid use of case of
it. But you just can't, yeah, you
can't go at people for human nature.
And I think, I actually think that this sort of PvP gambling
is, is kind of human. Nature, space is growing.
Space is growing too. Like crypto's gonna become
massive. So it's so funny.
It always makes me laugh when like we want mass adoption and
yeah, sure, maybe we don't like this.
Some people don't like this part of the adoption, but you've
built a permissionless network to so people can do
permissionless things. And there's going to be sexual
things, there's going to be celebrity coins, going to be
grifts, it's going to be scams, and there's going to be amazing
life to any things. Uniswap is one of them.
Uniswap is an incredible invention that has changed the
landscape of crypto forever, right?
Team Aiden Adams, Team Hayden, Team Uniswap, you know they're
against the SEC 2, they're fighting the same fight as us
every day, right? But I you can beat Team Hayden
and also team fucking the token that's going to $200 million and
then she'll build something out of it, right?
By the way, who tells you that she didn't just launch this?
Now it's successful more. By the way, when something's
successful, I have more pressure to build it, right?
You guys know that. And now it's like, well, fuck,
now she's got to do something because all high eyes are
definitely on her. What if this actually does
become something cool? Right, we will.
We're always so quick to judge into space like in chase.
Judge in chase is crazy in space.
Like if I stopped building what I'm building in this industry
myself based on how much judgment I went through, what
the fuck, dude? Like we wouldn't have had this
today, you know what I mean? Like and then you look back at
it, it's like, dude, I'm glad I fucking kept going into all the
Thea emojis and OG didn't like us when we first started, you
know what I mean? Like it's just always like that.
I hate that it's the nature of this space.
Sir, it is though. I guess, I guess my point is, is
that I I know this from actually having my my own corn as well.
It's like if it goes for a certain level, suddenly you've
seen it as a genius. And if you're not, like you're
seen as a scammer, like it's terrible and all this sort of
stuff. And I think that's just the
native. Like there's a very high hurdle
rate for not being called a scammer in this space.
But the ones that kind of get beyond that, they're seen as
absolute geniuses. So the fact that it's now at 200
million, you can do a lot of stuff with that now like you
know. And she's probably made a ton of
money because she did say that she's bought back and stuff and
she can reinvest it and actually doing things, you know, so, so
we'll see. Look, we'll see.
I mean, the thread guy podcast, I think is going to reveal a lot
of stuff. So he flew to Miami.
It was the last minute thing on a whim.
And and he managed to get the first like video podcast, you
know, as usual. So he's he's cooking.
And so I guess we'll see he's landing here in an hour and a
half. So I'll let you guys know 2 1/2
hours. But but I'm assuming that
podcast is that podcast is going to go live soon, Very, very,
very soon. So so that's that and good for
her. So there was a wallet that went
through in the past five hours. 9000 sold from Binance to buy
8.6 million mother at an average price of $0.17.
Happened during the show, yeah. Wow.
Happened during the show, Tyler. That's why it didn't have any of
your stats, but there it is. Look at that.
That's probably one of the reasons why there it is bought
here 17 and they're up already. So that's probably once one of
the things that proposed it to to new eyes.
Binance whales are buying 9000 soul worth of mother and you're
bearish. Yeah, exactly.
Another thing I wanted to to show you guys on the time and
then I think maybe we could discuss that tomorrow because I
see David from Warden on the on the on the stage.
I want to go to you, but it was this clip Speaking of Solana and
Ethereum, you're talking about theorem axis and the
gatekeeping. This Justin Drake clip.
Have you guys watched it? Is Justin Drake the ETH dev?
Yes. So yesterday was a debate.
I haven't seen this now. OK.
Well, watch this. It was a Justin Drake versus
Anatoly Solana versus Ethereum debate going down on bank list
and just listen to this clip. One of the very important
interesting things is when you have an exotic island, you have
exotic life forms that emerge. You know, you have weird things
like Geo Bodens and dog with hats and all of these things.
And you know, you can have, you know, circle jerking within this
little island where everyone's like happy, you know,
worshipping these little images. But even even Solana, which is
like the primary place for meme coins is still miniscule.
Look at look, Solana has 10s of thousands, if not hundreds of
thousands of meme coins. If you take the sum of the
market values of all the meme coins is about $10 billion on
this theorem, you have one meme coin called Shiba Inu, which is
$15 billion, a single meme coin. And This is why we see the
distinction between quality and quantity.
And Solana is going in for quantity, quantity, quantity,
and at the expense of all sorts of things that are more
important in the grand, in the grand.
Statistically because. With is going so much higher
than than than shib. Like that's the take away.
Like the solana they're going to make.
So apparently like right before like totally actually like made
way better technical arguments than him.
And then Justin Gray's argument was one meme coin.
The argument here to sum it up was one meme coin on ETH is
worth more than the globe global meme coin marking half of all
meme coins on Solana. Statistically it's true, but
what a weird like I don't know what's what's going on with your
mouthpieces. If he'd said Pepe, if he'd said
Pepe, it would have been a better argument.
Actually. If it's your argument it's just
horrific in my opinion because a lot of people sit there and go
like how the hell is this there? It's more of a chain now.
Like it's like D final. So everybody knows about the
sheep cabal. Let's not even like cut it
multiple ways here, guys. Like when you launch it was like
it was cheap cabal. Like, let's not even like, who
are we kidding here? So to talk about if you said
Pepe is worth like 60% of all the mean, you can, you can say
that. And I think part of that is a
function of the size of the blockchain, though, you know,
like, and one thing I would say about that is that like, you
know, if, if Solana starts to pick up, then then the top
Solana meme coins, I think would, would, would easily
challenge that. And I also, I think Solana, like
you want to be about fresh culture.
I think. And as Solana's done a better
job with that, but just a bad, I think he had maybe the OK
concept at the start, which is just like we're so much bigger.
And you know, Pepe Pepe, I would say is like a super strong meme
going on on Eve and you know, Salami this cycle hasn't managed
to get get something there like Eclipse is that, But I I think
it's it's a weak it's a weak argument and made so much worse
by the fact he says ship is the he's the one to look at.
Yeah, definitely some some weird arguments on on that front.
But anyways, it's it's interesting.
I don't know, I just a lot of weird things on it.
It seems like the on the theorem side, it's very defensive
overall of the ecosystem, right Tyler, it seems like you're
about to say something. Yeah, the the tribalism is
incredibly strong right now between men and souls.
But it's like, I don't know, it's weird because then yet
Vitalik who like saved Solana, like when Solana went to $8,
Vitalik made that famous tweet that bottomed it and like went
back up. So it's like on that front you
have that. So I don't know, I just, I
don't, I just found the tribalism a little, a little a
little being being pushed out a little bit too, too far here.
I. Think Benklas pushes it.
I don't want to. Figure out the song like crazy.
Dude I I don't even know why. The Benklas reactions there I
kind of like even worse. Worse, I mean, the guy's like
laughing. He's trying to host a a debate
between two like the biggest devs in their respective chains
and he's like founders, mind you, and he's like laughing the
entire way. So anyways, I, I don't know,
maybe this should come on here and we'll have that conversation
yet anyways, so, so there's that.
And that happened. I was the conversation.
But anyways.