1 00:00:00,120 --> 00:00:05,400 Yo-yo, good morning, good morning GMGM. 2 00:00:05,400 --> 00:00:11,400 It is another beautiful day too. Have a beautiful day. 3 00:00:11,760 --> 00:00:17,040 Thanks for joining us here this morning folks for episode 143 of 4 00:00:17,400 --> 00:00:21,280 Omo Hour. Today is Friday, June 21st, 5 00:00:21,280 --> 00:00:26,720 202444444 folks. It is the longest day of the 6 00:00:26,720 --> 00:00:30,880 year, the summer solstice. But even with all that extra 7 00:00:30,880 --> 00:00:34,640 daylight, it still was not enough to get for Roque back on 8 00:00:34,640 --> 00:00:37,560 with us. He is out here today, he just 9 00:00:37,560 --> 00:00:40,480 getting back from the dentist, hopefully finally solving the 10 00:00:40,480 --> 00:00:42,960 tooth pain that has been plaguing him all week. 11 00:00:42,960 --> 00:00:44,400 He's going to be back with us next week. 12 00:00:44,400 --> 00:00:47,080 But we had the great Mando on with us. 13 00:00:47,080 --> 00:00:49,760 Mando GM, how you doing? I'm doing great, man. 14 00:00:50,040 --> 00:00:52,200 Yeah, really, really good. Although the market is not 15 00:00:52,200 --> 00:00:56,480 looking looking so pretty today. Market's a little rough. 16 00:00:57,160 --> 00:01:00,160 How'd the EUR been? I haven't been following super 17 00:01:00,160 --> 00:01:02,240 closely. I saw was there's a decently big 18 00:01:02,240 --> 00:01:06,360 England game yesterday, yeah. Didn't go, didn't go that well. 19 00:01:06,360 --> 00:01:08,640 We drew and we probably played some of the worst football I 20 00:01:08,640 --> 00:01:12,440 think I've ever seen US play. So football may not be coming 21 00:01:12,440 --> 00:01:15,320 home again, it feels like, which is kind of depressing. 22 00:01:15,520 --> 00:01:18,080 But yeah, that's just the state state of things really. 23 00:01:18,080 --> 00:01:20,640 Like, par for the course if you're an English fan, you kind 24 00:01:20,640 --> 00:01:24,480 of you're you're used to disappointment, but by this 25 00:01:24,480 --> 00:01:25,880 point. Got it. 26 00:01:25,880 --> 00:01:27,800 How much time is left in in that term? 27 00:01:27,800 --> 00:01:29,320 Is it going to end of the next week? 28 00:01:29,320 --> 00:01:29,960 Next couple? Weeks. 29 00:01:29,960 --> 00:01:32,120 No, no, it'll be a few weeks. It'll be a few weeks. 30 00:01:32,480 --> 00:01:34,440 Yeah, we're only you sure got at least one. 31 00:01:34,640 --> 00:01:36,840 Yeah, a few. When's the final game? 32 00:01:36,840 --> 00:01:40,720 Euro's final. I would guess it's like early 33 00:01:40,720 --> 00:01:44,480 July maybe yeah, July 14th. So. 34 00:01:44,760 --> 00:01:46,720 Three more weeks. Two or three more weeks. 35 00:01:47,800 --> 00:01:50,280 Well, I'm sure we'll talk about with that broke a bit next week. 36 00:01:50,280 --> 00:01:52,960 Catch up on his fantastic betting spree. 37 00:01:52,960 --> 00:01:55,880 He's I think he's like 2 for 12 or two for 14. 38 00:01:55,880 --> 00:02:00,560 So he's the anti signal, the anti signal for for Euro betting 39 00:02:00,640 --> 00:02:02,800 if you are following his bets folks. 40 00:02:03,480 --> 00:02:07,240 Well, it ended up being a pretty busy day of news. 41 00:02:07,240 --> 00:02:10,160 So we've got a lot on the dock and we're going to start with 42 00:02:10,160 --> 00:02:13,880 the daily market report. The German government just keeps 43 00:02:14,000 --> 00:02:17,240 dumping on us. We've got Standard Charter 44 00:02:17,240 --> 00:02:19,800 launching a spot Bitcoin and Ethdesk. 45 00:02:20,320 --> 00:02:24,200 The ETF got their first TV commercial with Bitwise Invest. 46 00:02:24,200 --> 00:02:28,680 And then Speaking of ETFs, Solana ETF might be coming next 47 00:02:28,680 --> 00:02:33,360 to our friends in Canada. Binance is integrating USDT on 48 00:02:33,360 --> 00:02:36,000 TON. TON just keeps just leading the 49 00:02:36,000 --> 00:02:38,480 news. It seems like somewhat quietly, 50 00:02:38,720 --> 00:02:42,040 the Winklevoss twins donated $2,000,000 in Bitcoin to the 51 00:02:42,040 --> 00:02:44,640 Trump campaign. Meanwhile Trump went on the All 52 00:02:44,640 --> 00:02:47,120 In podcast. That was an interesting one. 53 00:02:47,400 --> 00:02:52,120 Layer 0 keeps falling down to a $3.2 billion FTV about a day 54 00:02:52,400 --> 00:02:55,960 post AirDrop. Chatter about Blast now doing a 55 00:02:56,000 --> 00:03:01,680 50% lock up, perhaps at TGE. So we will certainly see if that 56 00:03:01,680 --> 00:03:03,880 is the case. In meme coins. 57 00:03:03,880 --> 00:03:08,000 It's a little ugly, uglier than the broader majors, DJT giving 58 00:03:08,000 --> 00:03:11,280 all its recent gains back. New memes, they all seem to have 59 00:03:11,280 --> 00:03:15,760 the same life cycle, a quick run up early and then just down. 60 00:03:16,120 --> 00:03:18,640 Only we saw that with this neural link coin yesterday, so 61 00:03:18,640 --> 00:03:22,640 perhaps we'll talk about that. And that's ease perhaps the lone 62 00:03:22,640 --> 00:03:24,760 bright spots, someone on the board. 63 00:03:24,760 --> 00:03:28,400 We saw Remelios flip apes. So we'll chat about some of 64 00:03:28,400 --> 00:03:31,560 those stories and more before we dive in. 65 00:03:32,080 --> 00:03:34,640 Shout out to our partners. The show is powered by Moon Pay 66 00:03:34,880 --> 00:03:37,760 to buy and sell crypto with PayPal, download the Moon Pay 67 00:03:37,760 --> 00:03:41,640 app and follow Fairside Network on Twitter. 68 00:03:41,760 --> 00:03:45,680 Wallet coverage for drains, scams and more. 69 00:03:46,120 --> 00:03:49,120 Shout out to them folks. No roll bit spins today. 70 00:03:49,120 --> 00:03:51,200 We're not going to be able to pull them off, but we will be 71 00:03:51,200 --> 00:03:54,240 back strong next week. We might even do daily roll bit 72 00:03:54,240 --> 00:03:57,080 spins next week. So don't worry, we will get 73 00:03:57,440 --> 00:04:01,960 everyone back on those. I think that's it for the intro, 74 00:04:01,960 --> 00:04:03,680 man. Amando, why don't you just go 75 00:04:03,680 --> 00:04:05,720 ahead and take it away with the daily Mando report? 76 00:04:07,000 --> 00:04:09,440 Yeah. So today, again, not a great 77 00:04:09,440 --> 00:04:12,360 day. We've seen Bitcoin head down to 78 00:04:12,360 --> 00:04:16,360 63 1/2 K. This is approaching the the kind 79 00:04:16,360 --> 00:04:19,200 of the support that we the the lower support that we said, 80 00:04:19,200 --> 00:04:23,240 which is around 60 K 5th day in a row now heading lower. 81 00:04:23,240 --> 00:04:26,320 It looks like I actually had a look before it looks like we've 82 00:04:26,320 --> 00:04:30,000 had five straight weeks of Solana being lower now. 83 00:04:30,000 --> 00:04:33,720 So the timeline is is understandably in some pain. 84 00:04:34,200 --> 00:04:38,640 We're at 1:30 now on Seoul, like I said, Bitcoin at 63 1/2 and 85 00:04:39,000 --> 00:04:43,640 and ETH is ETH is still outperforming, but not really 86 00:04:43,640 --> 00:04:50,080 rallying. So 3 three 43475 on on ether And 87 00:04:50,240 --> 00:04:53,480 broadly, I would say when I looked at the 100 gainers today 88 00:04:53,480 --> 00:04:57,120 of altcoins, that was the only gainers for like stable coins. 89 00:04:57,120 --> 00:05:00,960 It's it's pretty horrific out there and the timeline is 90 00:05:00,960 --> 00:05:04,040 understandably not. It's kind of throwing in the 91 00:05:04,040 --> 00:05:06,160 talent certain certain spots I've seen. 92 00:05:06,160 --> 00:05:10,600 I saw Andrew Kane came out today and said he thinks 99% of all 93 00:05:10,600 --> 00:05:12,600 altcoins have seen their cycle high. 94 00:05:12,600 --> 00:05:17,480 Now you see I've seen Donald again come out and say, look, I 95 00:05:17,480 --> 00:05:19,840 think we're going to break out of this range, this hundred day 96 00:05:19,840 --> 00:05:23,000 range fairly soon. It's unclear if he thinks it's 97 00:05:23,000 --> 00:05:26,240 going to break to the downside or the upside, But a lot of 98 00:05:26,240 --> 00:05:28,920 people like losing faith. I still like that about the 99 00:05:28,920 --> 00:05:31,240 market. Like for me, I don't see 100 00:05:31,240 --> 00:05:35,080 anything particularly negative about what's been going on in 101 00:05:35,080 --> 00:05:39,760 crypto and global liquidity and macro all seemed very 102 00:05:39,760 --> 00:05:41,840 supportive. We had a slightly weaker day 103 00:05:41,840 --> 00:05:48,800 yesterday on the macro side, but we're coming off like huge highs 104 00:05:48,800 --> 00:05:50,680 across the board for stocks here. 105 00:05:50,680 --> 00:05:54,840 So it's really, yeah, it's really retracement, a slight 106 00:05:54,840 --> 00:05:56,560 retracement from a very, very high level. 107 00:05:56,840 --> 00:06:01,400 I think the S&P briefly topped 5500 for the first time ever and 108 00:06:01,400 --> 00:06:05,480 obviously the NASDAQ had nearly hit, you know, hit all time 109 00:06:05,480 --> 00:06:07,760 highs and it's just breaking down slightly on the back of 110 00:06:07,840 --> 00:06:11,680 NVIDIA. So still seems very supportive 111 00:06:11,680 --> 00:06:14,880 to me. Just feels, yeah, it just feels 112 00:06:14,880 --> 00:06:17,160 like more of a temporary blip for me in terms of what's been 113 00:06:17,160 --> 00:06:19,240 going on in the market. We did see another outflow 114 00:06:19,240 --> 00:06:21,840 yesterday that takes us to nearly a billion dollar of 115 00:06:21,840 --> 00:06:25,800 outflows over the last eight trading days, which is, you 116 00:06:25,800 --> 00:06:30,280 know, it's not not small and then you've had but it's 117 00:06:30,280 --> 00:06:33,440 difficult to work out as well. If that's partly due to some of 118 00:06:33,440 --> 00:06:37,800 this hedge fund basis trade being unwound funding has gone 119 00:06:38,320 --> 00:06:40,800 basically flat. So that funding trade that that 120 00:06:41,240 --> 00:06:45,600 the hedge funds were doing where they were buying spot selling or 121 00:06:45,600 --> 00:06:49,160 buying the ETF and selling futures or shorting futures, 122 00:06:49,400 --> 00:06:50,960 that trade is no longer as attractive. 123 00:06:50,960 --> 00:06:53,280 So you can imagine them probably collapsing that trade. 124 00:06:54,160 --> 00:06:56,520 So I think part of it's maybe to do with that. 125 00:06:56,920 --> 00:06:59,920 And then you obviously have the German government, which is 126 00:07:00,280 --> 00:07:03,440 unclear how much they're going to sell, but they do have, they 127 00:07:03,440 --> 00:07:09,360 have 3 billion to get out of. So yeah, that's, that's the 128 00:07:09,360 --> 00:07:13,520 major one, which I think is getting people scared, let's 129 00:07:13,520 --> 00:07:16,440 say, because that that can be like a whole month's inflows 130 00:07:16,440 --> 00:07:19,400 really for one of these ETFs. So really could set us back 131 00:07:19,400 --> 00:07:22,280 slightly if they're going to, they're going to sell. 132 00:07:22,800 --> 00:07:25,280 But it looks like they're just they're clicking out like 50 to 133 00:07:25,280 --> 00:07:29,360 100 million every few hours. So that's the main thing that I 134 00:07:29,360 --> 00:07:31,280 think people are getting most worried about. 135 00:07:33,000 --> 00:07:36,560 Like I said, I mean you you've touched on some of the, the, the 136 00:07:37,880 --> 00:07:41,360 broader crypto stuff, which is that Solana looks like it may 137 00:07:41,360 --> 00:07:47,240 get a, an ETF in Canada or at least an application for an ETF. 138 00:07:47,240 --> 00:07:50,400 Interesting that that application also has staking. 139 00:07:50,400 --> 00:07:53,680 So it could be relatively beneficial. 140 00:07:53,680 --> 00:07:56,640 I would say Canadian ETFs generally have massively 141 00:07:56,640 --> 00:07:59,440 underperformed, but that's often the first step. 142 00:07:59,440 --> 00:08:03,840 So Canada ETF, then futures ETF in the US and then finally spot 143 00:08:03,920 --> 00:08:07,280 ETFs in the in the US. So maybe this is just the first 144 00:08:07,280 --> 00:08:10,920 step of of many there. Then you also had standard 145 00:08:10,920 --> 00:08:12,880 charters saying they're setting up a spot trading desk. 146 00:08:12,880 --> 00:08:14,920 Standard Chartered have been very bullish on crypto and we've 147 00:08:14,920 --> 00:08:17,400 seen spot trading desks from many other banks. 148 00:08:17,400 --> 00:08:23,040 So this kind of unsurprises me, but that wasn't really, I don't 149 00:08:23,040 --> 00:08:25,160 think it's been confirmed yet from the actual bank. 150 00:08:26,720 --> 00:08:32,600 And then you saw, yeah, Bio integrating USDT on Tom, which 151 00:08:32,600 --> 00:08:37,200 is, you know, Tether's been moving on to the TON network 152 00:08:37,240 --> 00:08:40,080 over the last few months. And to see these sort of big 153 00:08:40,080 --> 00:08:44,120 integrations happen with Binance really helps that that whole 154 00:08:44,120 --> 00:08:45,440 ecosystem. I think we've spoken about it a 155 00:08:45,440 --> 00:08:48,720 few times so that it could be it's having a huge lift in 156 00:08:48,720 --> 00:08:51,880 integration, which is just another bullish sign. 157 00:08:53,080 --> 00:08:55,680 Yeah. I, I, I, I still feel relatively 158 00:08:56,080 --> 00:08:57,840 constructive about everything. It just feels as though the 159 00:08:57,840 --> 00:09:03,160 timeline is, is very, very. They're giving up hope, I think. 160 00:09:03,160 --> 00:09:07,560 And that's because I think largely a lot of people were in 161 00:09:07,560 --> 00:09:11,160 alts and then they, if they outperformed, they were in meme 162 00:09:11,160 --> 00:09:14,440 coins or in, or in just in majors really. 163 00:09:15,000 --> 00:09:18,200 And now even then they aren't really outperforming, 164 00:09:18,200 --> 00:09:19,440 particularly things like Solana, right? 165 00:09:19,440 --> 00:09:23,520 We have 5 weeks straight of downward price action in Solana. 166 00:09:24,080 --> 00:09:28,040 That's, that's, that's bound to get people a little bit nervous 167 00:09:28,040 --> 00:09:30,840 and, or annoyed. So that's just, that's just my 168 00:09:30,840 --> 00:09:37,680 sentiment tracker, I would say. Yeah, I think that matches what 169 00:09:37,680 --> 00:09:40,920 I'm seeing as well. I'm curious, did you did you 170 00:09:40,920 --> 00:09:45,280 catch the Jason Choi bear post like welcome to Bear Town? 171 00:09:46,120 --> 00:09:48,440 I I thought that was an interesting one. 172 00:09:48,440 --> 00:09:51,320 Let me see if I can pull up here. 173 00:09:51,320 --> 00:09:54,360 I'll, I'll give us the, the quick TLDR of it. 174 00:09:54,360 --> 00:09:58,680 He, he posted a, a thesis here basically looking at inflection 175 00:09:58,680 --> 00:10:02,200 points in the market and the reasons he, he basically has 176 00:10:02,640 --> 00:10:06,720 kind of telling how they went long back in January, base 177 00:10:06,720 --> 00:10:10,040 January 2023, noticing some inflection points in the market 178 00:10:10,040 --> 00:10:12,640 back then. And now he thinks we are at 179 00:10:12,640 --> 00:10:15,240 another one, but a bearish inflection point. 180 00:10:15,240 --> 00:10:19,400 And some of his rationale is that there's a credible reason 181 00:10:19,400 --> 00:10:22,680 to stay long right now. So all these are bullish 182 00:10:22,680 --> 00:10:26,120 headlines that are coming in on a, a weekly basis. 183 00:10:27,600 --> 00:10:31,880 And Despite that framework, prices aren't performing numbers 184 00:10:31,880 --> 00:10:34,320 not going up basically. So that's, that's the second 185 00:10:34,320 --> 00:10:36,880 crux. And then he basically says the 186 00:10:36,880 --> 00:10:41,800 altcoin bull market hasn't ever hasn't happened yet, which leads 187 00:10:41,800 --> 00:10:45,880 to not having that foundational wealth effect to to help keep 188 00:10:45,880 --> 00:10:50,400 driving majors up. And then he he pulls in some 189 00:10:50,400 --> 00:10:53,600 qualitative observations. Basically think BCBC funds 190 00:10:53,600 --> 00:10:56,120 raised at the top. He's pointing to recent funds as 191 00:10:56,120 --> 00:11:00,440 a top signal along with some of the actions and just crypto 192 00:11:00,440 --> 00:11:04,800 Twitter sentiment, the celebrity coin meta as potential top 193 00:11:04,800 --> 00:11:07,760 signals. What I I did think was 194 00:11:07,760 --> 00:11:11,320 interesting about this is like he's calling for bear town, but 195 00:11:11,320 --> 00:11:14,160 he's effectively calling for a three month bear town. 196 00:11:14,160 --> 00:11:17,200 He he basically says he doesn't think we'll see new all time 197 00:11:17,200 --> 00:11:21,000 highs until November of this year. 198 00:11:21,520 --> 00:11:24,360 So post election. And basically he's defining bear 199 00:11:24,360 --> 00:11:28,480 as any three month period of continued downtrend. 200 00:11:28,920 --> 00:11:31,520 So I don't know, I feel like the, the bear sentiment I'm 201 00:11:31,520 --> 00:11:34,320 seeing is kind of aligned with this. 202 00:11:34,320 --> 00:11:37,080 It's it's all very near term bear sentiment. 203 00:11:37,080 --> 00:11:39,840 And he and he's still calling for an A new all time high 204 00:11:39,840 --> 00:11:44,120 potentially happening this year. I think zooming out isn't like 205 00:11:44,600 --> 00:11:50,840 that's not bear town to me, bear town was was 2022 and and 2023. 206 00:11:50,840 --> 00:11:52,520 So I don't know. Curious for for your your 207 00:11:52,520 --> 00:11:55,280 thoughts or any reactions to to that logic. 208 00:11:55,640 --> 00:11:56,960 Yeah, I just read through it now. 209 00:11:58,040 --> 00:12:02,200 I mean, I don't think altcoins have really had a bull market 210 00:12:02,560 --> 00:12:07,440 this cycle. I in fact, I was speaking with 211 00:12:07,440 --> 00:12:11,840 Obi about this earlier today in that this outside of the top 10 212 00:12:12,680 --> 00:12:16,800 coins are actually the it's called the others in debt, which 213 00:12:16,800 --> 00:12:19,080 is basically all the market cap of all coins outside the top 214 00:12:19,080 --> 00:12:20,800 ten. It's basically flat now on the 215 00:12:20,800 --> 00:12:23,000 year. And this is a year where Bitcoin 216 00:12:23,000 --> 00:12:28,520 is up 5657% so far this year. So that tells you how bad that 217 00:12:28,520 --> 00:12:31,480 underperformance has been. And that that also includes mean 218 00:12:31,480 --> 00:12:34,240 coins, you know, which is probably been one of the big 219 00:12:34,240 --> 00:12:36,480 winners. So I think a bunch of coins are 220 00:12:36,480 --> 00:12:39,960 actually have had horrific last six months. 221 00:12:40,560 --> 00:12:44,440 I, I think what's slightly worrying now is that even the 222 00:12:44,440 --> 00:12:47,560 things that are outperforming are, are also falling out of 223 00:12:47,560 --> 00:12:49,800 bed. You know, like we spoke about 224 00:12:49,800 --> 00:12:53,720 with even yesterday, that's down another 10% today. 225 00:12:53,720 --> 00:12:57,240 You know, Pepe's held up OK. But like, basically what I'm 226 00:12:57,240 --> 00:12:59,800 trying to say is if you were in memes or top memes, which kind 227 00:12:59,800 --> 00:13:03,640 of held up OK, they're also starting to look a little bit 228 00:13:03,640 --> 00:13:07,440 iffy. And, and Solana, Solana and 229 00:13:07,440 --> 00:13:10,360 Bitcoin, I guess, have been the two massive winners of the last 230 00:13:10,360 --> 00:13:15,120 12 months. Solana has really, really faced 231 00:13:15,120 --> 00:13:16,760 some pain over the last five weeks as well. 232 00:13:16,760 --> 00:13:21,680 So it's it's definitely quite getting people questioned. 233 00:13:21,680 --> 00:13:22,960 I think. I think you're going to have to 234 00:13:22,960 --> 00:13:27,440 see some consolidation here before we go back up the 235 00:13:27,440 --> 00:13:30,400 government, the German government coming in selling 3 236 00:13:30,400 --> 00:13:32,920 billion, I think is going to make it a little bit more 237 00:13:32,920 --> 00:13:34,240 difficult to see a near term rally. 238 00:13:34,240 --> 00:13:37,200 I, I thought yesterday that that we were set up for that. 239 00:13:37,200 --> 00:13:42,520 But like now with that large seller looming, then that's, 240 00:13:43,280 --> 00:13:46,240 that's really going to going to weigh on, on the market in, in 241 00:13:46,240 --> 00:13:49,560 my opinion. But yeah, I, I, I, I kind of 242 00:13:49,560 --> 00:13:50,640 agree. I don't, I can't. 243 00:13:51,040 --> 00:13:52,960 There's nothing about this market that makes me feel like 244 00:13:52,960 --> 00:13:55,320 we break breakdown. There's still incredibly bullish 245 00:13:55,320 --> 00:14:00,120 things happening. And I, I don't think they're all 246 00:14:00,120 --> 00:14:01,800 backward looking either. I think they're like 247 00:14:01,800 --> 00:14:06,200 announcements of of like future volume going through the 248 00:14:06,200 --> 00:14:07,280 network. In my opinion. 249 00:14:07,280 --> 00:14:10,640 It's not like, oh, we're seeing the rear end of a lot of this. 250 00:14:10,640 --> 00:14:12,480 We're seeing probably the, I would say the rear end 251 00:14:12,480 --> 00:14:16,320 potentially of the mean coin mania or at least a slowdown in 252 00:14:16,320 --> 00:14:20,160 that it's a lot of the payment stuff and the trapper 253 00:14:20,160 --> 00:14:22,200 integration stuff I think is only just beginning. 254 00:14:22,200 --> 00:14:27,680 So yeah, I don't, I, I, I'm not bearish at any point over the 255 00:14:27,680 --> 00:14:30,480 medium term. Yeah, I think these thoughts 256 00:14:30,480 --> 00:14:35,000 align with the the 36 month cycle thesis like Bob Lucas is 257 00:14:35,000 --> 00:14:36,840 laid out. I think part of it is just 258 00:14:36,840 --> 00:14:38,920 mismatched. Mismatched expectations, folks 259 00:14:39,400 --> 00:14:44,000 thinking we were in 2021 when there's more signals that might 260 00:14:44,000 --> 00:14:46,760 be closer to 2020, which does kind of a line, you know, from a 261 00:14:46,760 --> 00:14:50,960 cycle perspective that we dip chop until the end of the year 262 00:14:50,960 --> 00:14:54,800 and that's when the the violent move up again starts to happen. 263 00:14:55,120 --> 00:14:58,000 So I don't know that that aligns with with all of this. 264 00:14:58,000 --> 00:15:01,400 And the other aspect you kind of mentioned like remaining bullish 265 00:15:01,400 --> 00:15:03,560 perhaps that, you know, on a later time period. 266 00:15:03,960 --> 00:15:07,760 I think Rukang also mentioned that the, the, the bankers 267 00:15:07,880 --> 00:15:10,600 really starting to push the ETFs to their clients. 268 00:15:10,600 --> 00:15:13,880 We thought it was going to start happening perhaps now this 269 00:15:13,880 --> 00:15:15,760 summer. And there's, I guess there's 270 00:15:15,760 --> 00:15:18,440 information that looks like it might, might be delayed in one 271 00:15:18,440 --> 00:15:20,880 and two quarters. So if the bankers don't really 272 00:15:20,880 --> 00:15:23,880 start pushing the Bitcoin ETS and they want to wait and see 273 00:15:23,880 --> 00:15:26,720 the ETS to, to come out before, you know, they have the full 274 00:15:26,720 --> 00:15:30,200 package and know what to offer and perhaps at what splits. 275 00:15:30,760 --> 00:15:33,800 And they don't really put the foot on the gas until Q4. 276 00:15:33,800 --> 00:15:37,320 I mean, that's another reason why we could chop until then and 277 00:15:37,320 --> 00:15:39,760 then start to to leg up at at the end of the year. 278 00:15:39,840 --> 00:15:43,800 So I don't know it all. It all makes sense to me. 279 00:15:43,800 --> 00:15:45,440 It's all it seems like it's balancing out. 280 00:15:45,640 --> 00:15:48,160 It's just it might mean for more of a little bit of a chop and 281 00:15:48,160 --> 00:15:52,560 perhaps painful summer. Yeah, I, I, I agree with that. 282 00:15:52,560 --> 00:15:54,880 I think we're just seeing him for a period of chop basically. 283 00:15:54,880 --> 00:16:00,640 But I would, you know, I guess I told you what My Portfolio 284 00:16:00,640 --> 00:16:03,400 mainly is the other day. I feel very comfortable in my 285 00:16:03,400 --> 00:16:08,280 current portfolio, but I think there's a there could be some 286 00:16:08,280 --> 00:16:11,800 pain in that chop for certain bags. 287 00:16:11,920 --> 00:16:15,200 I would say like it's not going to be like if you're holding 288 00:16:15,200 --> 00:16:20,000 majors and I guess what I said, I own Pepe, which you know, 289 00:16:20,000 --> 00:16:25,640 could break down here, like if memes really take a take a 290 00:16:25,640 --> 00:16:28,560 nosedive that that could and then obviously have my own 291 00:16:28,560 --> 00:16:31,120 project. But the but I think there's a 292 00:16:31,120 --> 00:16:35,560 lot of bags there, which, you know, I remember even this from 293 00:16:35,600 --> 00:16:39,160 from bull markets previously, like you can get nasty shake 294 00:16:39,160 --> 00:16:42,480 shake outs and altcoins. I think could, could continue to 295 00:16:42,480 --> 00:16:44,760 be very, very, very challenged over this period. 296 00:16:45,520 --> 00:16:47,800 Well, I mean, perhaps, maybe just for a quick minute, 297 00:16:47,800 --> 00:16:51,800 Speaking of your project, 5 announcements, 5 announcements 298 00:16:52,040 --> 00:16:54,760 in the past day. I try, I try. 299 00:16:54,760 --> 00:16:56,440 We we did another five. Yeah, we got a bunch of 300 00:16:56,440 --> 00:16:58,800 different tech stuff that we've been doing over the last few 301 00:16:58,800 --> 00:17:00,760 weeks. And I don't know, I'm just 302 00:17:00,760 --> 00:17:05,200 trying to stay, you know, alive, keep it relevant. 303 00:17:06,000 --> 00:17:08,160 We're doing a bunch of stuff with which I don't think other 304 00:17:08,160 --> 00:17:13,520 projects are doing and it's actually held up OK in my 305 00:17:13,520 --> 00:17:18,480 opinion compared to the the way that Solan and Mean Quiz often 306 00:17:18,480 --> 00:17:20,839 go. Like I think we've still got a 307 00:17:20,839 --> 00:17:25,040 shot if, if, if you know, this thing is still relevant in, in 308 00:17:25,040 --> 00:17:26,440 the coming months. And I think it's got a really 309 00:17:26,440 --> 00:17:30,440 good shot at at doing well. Yeah, that's how I'm thinking 310 00:17:30,440 --> 00:17:33,200 about it as well. And that's not just, you know, 311 00:17:33,760 --> 00:17:36,480 as a friend and on the show, as as a holder. 312 00:17:36,480 --> 00:17:40,720 That's how I'm looking at it, but there's a. 313 00:17:41,360 --> 00:17:43,960 Lot of meme coins, right? Like a lot of them don't, they 314 00:17:43,960 --> 00:17:47,120 don't really know how to, they don't really know how to deal 315 00:17:47,120 --> 00:17:50,080 with the bear market or at least or, or like a, not a bear 316 00:17:50,080 --> 00:17:52,120 market, but let's say a challenging market. 317 00:17:54,520 --> 00:17:58,080 But being through NFTS over challenging markets is kind of 318 00:17:58,080 --> 00:18:00,880 in your blood. So you kind of know the steps 319 00:18:00,880 --> 00:18:03,600 you can take. Yeah, we're all dead inside. 320 00:18:03,800 --> 00:18:06,200 Those of us deep in the NFTS, like we've, we've seen 321 00:18:06,200 --> 00:18:09,320 everything go down 90%. So you can't hurt us anymore. 322 00:18:10,280 --> 00:18:13,120 But like that is a little bit of a say like this. 323 00:18:13,840 --> 00:18:16,440 I feel like the broader mean market right now, like outside 324 00:18:16,440 --> 00:18:20,640 of the, I mean, the top ones are down, but like DJT are retracing 325 00:18:21,080 --> 00:18:24,120 everything. Mothers back down and like on a 326 00:18:24,120 --> 00:18:26,560 week like she keeps going, she's dropping announcements. 327 00:18:26,560 --> 00:18:28,840 It's just tough. It's back down to 64,000,000. 328 00:18:29,280 --> 00:18:32,800 And then like yesterday, I think that this Nurocat NCAT launch is 329 00:18:32,800 --> 00:18:37,240 just such a great like sign of the times for, for for like my 330 00:18:37,240 --> 00:18:40,880 read on what's happening in like the Solana meme coin casino 331 00:18:40,880 --> 00:18:44,120 right now. It's like Incat was the hot coin 332 00:18:44,120 --> 00:18:46,840 of the day from I want to say it was Wednesday night. 333 00:18:46,840 --> 00:18:49,480 So wake up. It's up 11,000% something 334 00:18:49,480 --> 00:18:51,640 absurd. It's already run to $20 million. 335 00:18:51,640 --> 00:18:55,000 The narrative is this is the 1st meme coin ever created by 336 00:18:55,000 --> 00:18:58,440 Neuralink, which is enough to to send it up. 337 00:18:58,480 --> 00:19:01,840 And then I mean, you can see the chart just effectively down only 338 00:19:02,000 --> 00:19:04,600 ever since then and it's pulled back 72%. 339 00:19:04,600 --> 00:19:06,280 And it feels like this is what's happening every night. 340 00:19:06,960 --> 00:19:10,000 Have you seen this this wolf coin the the one based on Matt 341 00:19:10,000 --> 00:19:14,600 Fury's wolf, Lamb Wolf, Oh. So I didn't know what this was 342 00:19:14,600 --> 00:19:17,000 based on. So this is the this thing is 343 00:19:17,480 --> 00:19:18,720 dominating. Wow. 344 00:19:19,000 --> 00:19:22,200 It's in eight days, it's gone to 220 million. 345 00:19:23,120 --> 00:19:25,880 Now this, I don't know which cabal is behind this, but 346 00:19:25,880 --> 00:19:27,000 there's clearly a cabal behind this. 347 00:19:27,000 --> 00:19:29,720 But Lamb Wolf is, is one of Matt Fury's original characters. 348 00:19:29,720 --> 00:19:35,240 So it's, you know, Pepe, Lamb, Wolf and Brett famously. 349 00:19:35,600 --> 00:19:37,440 But yeah, this is Solana meme coin. 350 00:19:38,400 --> 00:19:43,160 I, I haven't done the bubble maps on this thing, but yeah, 351 00:19:43,160 --> 00:19:45,880 it's definitely bucking the trend, let's say of most Solana 352 00:19:45,880 --> 00:19:50,120 meme coins 220,000,000. I was I was wondering like is 353 00:19:50,360 --> 00:19:52,000 was this high to beer if I felt like it could. 354 00:19:52,000 --> 00:19:54,840 I didn't actually look at the to see that it was Matt Fury base. 355 00:19:54,880 --> 00:19:58,080 So I was like, is this the the German beer cabal perhaps 356 00:19:58,120 --> 00:19:59,880 rotating over here, The fact that. 357 00:19:59,880 --> 00:20:01,920 It could easily be. It could honestly. 358 00:20:01,920 --> 00:20:03,200 It could easy. I don't know. 359 00:20:03,640 --> 00:20:06,360 Because I haven't seen a coin run like this since beer, but 360 00:20:06,880 --> 00:20:09,800 there is, you know, a genuine IP behind that potentially. 361 00:20:11,320 --> 00:20:13,560 Yeah, let's see if we can pull up the the bubble mems while 362 00:20:13,560 --> 00:20:17,680 we're actually doesn't look doesn't seem terrible based on 363 00:20:17,680 --> 00:20:23,000 an an initial glimpse at this. Yeah, no one's got over 1%. 364 00:20:23,000 --> 00:20:26,360 So this is, yeah, this is going to be the one to watch up to 100 365 00:20:26,360 --> 00:20:30,240 percent, $220 million, two million in in liquidity. 366 00:20:31,120 --> 00:20:36,320 So some tokens are winning. But other than this, it does 367 00:20:36,320 --> 00:20:40,040 feel like all the new runners, they, they last now, it's like 368 00:20:40,040 --> 00:20:43,160 the shelf lives are getting shorter and shorter and like 369 00:20:43,400 --> 00:20:46,360 that they're moving up so much faster that like, unless you 370 00:20:46,360 --> 00:20:49,480 really get in early, it, it, it just feels harder than ever to 371 00:20:49,640 --> 00:20:52,560 to really catch, catch a win on these. 372 00:20:53,360 --> 00:20:56,960 Yeah, I would agree. The only other one I saw today 373 00:20:56,960 --> 00:21:01,040 was Hot, which I thought could run. 374 00:21:01,160 --> 00:21:02,480 Have you seen that meme? No. 375 00:21:02,480 --> 00:21:05,560 Which one is it? Oh, I'll wait for you to see it 376 00:21:05,560 --> 00:21:07,760 on the timeline. It's maybe it's maybe not safe 377 00:21:07,760 --> 00:21:09,760 for work though. We have jobs here, Michael. 378 00:21:11,280 --> 00:21:15,960 Let's stop there, OK? You haven't seen this meme, 379 00:21:15,960 --> 00:21:17,120 Tyler. No, it's. 380 00:21:17,960 --> 00:21:21,920 Really doing the rounds. OK, man, and I'm I'm glued to 381 00:21:21,920 --> 00:21:26,440 the timeline, so I I might have to fix some some some of who I'm 382 00:21:26,440 --> 00:21:29,560 following here. I just I spent two hours on. 383 00:21:30,080 --> 00:21:33,760 The line if you look hard enough, yeah, yeah, I would 384 00:21:33,760 --> 00:21:36,840 agree with you that memes aren't aren't sticking around for as 385 00:21:36,840 --> 00:21:39,320 long as they used to. And I think that's like, if I 386 00:21:39,600 --> 00:21:42,640 you bring up bring up Deck Screener, it just feels as 387 00:21:42,640 --> 00:21:45,000 though that meme that you like would pay attention to last week 388 00:21:45,000 --> 00:21:51,320 is probably down 60%, you know? You have to have a, a quick, you 389 00:21:51,320 --> 00:21:53,840 have to be on the gun, you have to be watching these things or 390 00:21:53,840 --> 00:21:55,280 you have to be monitoring your positions. 391 00:21:55,280 --> 00:21:58,880 It feels like much more frequently and you just can't 392 00:21:58,880 --> 00:22:01,920 let things sit, which which sucks is like I came into this 393 00:22:01,920 --> 00:22:06,120 cycle of trying to had like the longer term holds and this feels 394 00:22:06,120 --> 00:22:08,920 like the the game has compressed. 395 00:22:09,000 --> 00:22:11,120 And you kind of, we talked about this like a few weeks back and 396 00:22:11,120 --> 00:22:12,280 that maybe that's the nature of this. 397 00:22:12,280 --> 00:22:15,320 These have turned into attention coins and they're playing out 398 00:22:15,320 --> 00:22:17,400 more like events than longer term holds. 399 00:22:17,400 --> 00:22:19,240 And you just have to have that mindset. 400 00:22:19,240 --> 00:22:22,520 So that feels to be more of of what's happening. 401 00:22:22,520 --> 00:22:28,000 I think the DJT event, it's hard to call it over, but like the 402 00:22:28,040 --> 00:22:31,120 the Scrillium, he was on spaces for like 12 hours or something 403 00:22:31,120 --> 00:22:34,320 yesterday. Absurd kind of going in circles. 404 00:22:34,320 --> 00:22:36,400 It seems like the story has played out at this point. 405 00:22:36,400 --> 00:22:40,280 So I guess it the the last, you know, thing to drop is if 406 00:22:40,280 --> 00:22:42,880 Baron's actually going to come out and make a statement or is 407 00:22:42,880 --> 00:22:45,200 Trump. But it seems less likely to me 408 00:22:45,200 --> 00:22:47,520 that that that is going to happen by the day. 409 00:22:48,280 --> 00:22:49,640 But that's that's not what Martin says. 410 00:22:49,640 --> 00:22:54,200 So we will certainly see. I think the other big story. 411 00:22:54,200 --> 00:22:56,960 So this is more shifting. Well, it's still in in in crypto 412 00:22:56,960 --> 00:23:01,840 is is blast. So rumor mills, Cyrus ICO based 413 00:23:01,840 --> 00:23:04,160 a few others started chattering yesterday afternoon that they're 414 00:23:04,160 --> 00:23:09,640 hearing 50% lock up on blast tokens after the AirDrop. 415 00:23:09,640 --> 00:23:14,400 And then this seemingly stems from Nyacks who is deep in the 416 00:23:14,400 --> 00:23:16,360 weeds in the contract code and whatnot. 417 00:23:16,360 --> 00:23:20,120 And he basically did some analysis, basically says looking 418 00:23:20,120 --> 00:23:24,200 at the test contracts, yes, there will be vesting, looks 419 00:23:24,200 --> 00:23:27,720 like it will be 50% of tokens above a specific threshold. 420 00:23:27,720 --> 00:23:31,400 Threshold is not set yet. He's comparing it to how Athena 421 00:23:31,400 --> 00:23:34,600 did theirs, some kind of liquidity Oracle, they're using 422 00:23:34,600 --> 00:23:37,800 the ERC 20 votes, so on and so forth. 423 00:23:38,400 --> 00:23:41,840 You see total tokens supply set to 100 billion. 424 00:23:42,680 --> 00:23:44,480 So I think a lot of people reacted to this. 425 00:23:45,480 --> 00:23:48,400 I feel like it's a little too soon to to react because like 426 00:23:48,560 --> 00:23:53,120 for one, blur had an auto staking component on this last 427 00:23:53,200 --> 00:23:56,760 unlock as well, but then you could still pull your tokens 428 00:23:56,760 --> 00:23:59,160 out. So I don't know. 429 00:23:59,160 --> 00:24:02,680 I feel like I'm not I'm not sold that the blast tokens are going 430 00:24:02,680 --> 00:24:05,360 to come with a with an automatic lock up. 431 00:24:05,360 --> 00:24:08,520 I mean, if that's the case, a it'll be the first time Pac-Man 432 00:24:08,520 --> 00:24:11,640 has done anything like this. BI mean he basically it's just 433 00:24:11,640 --> 00:24:14,040 slashing the AirDrop percentage, right? 434 00:24:14,080 --> 00:24:16,880 Like basically instead of giving it all out now, like instead of 435 00:24:16,880 --> 00:24:20,720 being 15%, it's going to be 7 1/2 percent. 436 00:24:21,480 --> 00:24:23,840 Am I not looking at the right way? 437 00:24:24,080 --> 00:24:25,000 How are you thinking about? This. 438 00:24:25,240 --> 00:24:27,440 I think that's probably likely. I would be unsurprised if the 439 00:24:27,440 --> 00:24:31,680 gold was vested. You know, like your gold gave 440 00:24:32,680 --> 00:24:37,720 you not vested vesting blasts, so you like it might vest over a 441 00:24:37,720 --> 00:24:40,960 period of time. And they also look to be 442 00:24:40,960 --> 00:24:47,000 incentives seemingly for like adding your blast to a liquidity 443 00:24:47,000 --> 00:24:51,800 pool. So I think that probably 444 00:24:51,800 --> 00:24:54,760 indicates that like they're going to have like incentivised 445 00:24:54,760 --> 00:24:59,440 LP seeding, which I think would be which I think would be 446 00:24:59,440 --> 00:25:02,280 positive too. So I, I don't know if this 447 00:25:02,280 --> 00:25:06,440 doesn't seem surprising to me. Like I in the in the realm of 448 00:25:06,440 --> 00:25:11,000 possibility that that the gold might lead you to like blast, 449 00:25:11,000 --> 00:25:13,600 but over a vesting period, yeah, that that might make sense. 450 00:25:13,960 --> 00:25:17,360 I, I think some people have said that from the start. 451 00:25:17,800 --> 00:25:20,600 Others said when I I think stats, when I spoke to him, he 452 00:25:20,600 --> 00:25:25,560 said, look, he thinks it's going to go immediately to it's going 453 00:25:25,560 --> 00:25:29,360 to immediately vest. But there there was speculation 454 00:25:29,360 --> 00:25:32,360 that that it would have some sort of delayed vesting that 455 00:25:32,360 --> 00:25:36,040 that that piece at least. Yeah, I think I lubify a few 456 00:25:36,040 --> 00:25:38,880 others have been guessing that there would be a lock up like 457 00:25:38,880 --> 00:25:41,320 this. So they they very well may be 458 00:25:41,320 --> 00:25:43,280 correct. But if that's the case, if only 459 00:25:43,280 --> 00:25:46,360 50% of the tokens are gonna unlock, does that mean we we're 460 00:25:46,360 --> 00:25:49,880 raising our targets by 2X on the price of gold? 461 00:25:49,880 --> 00:25:51,400 I'm like that's, that's my first. 462 00:25:51,400 --> 00:25:53,440 Reaction I have learned One thing I have learned is that 463 00:25:53,440 --> 00:25:56,000 everything is bullish for the price of gold. 464 00:25:58,960 --> 00:26:00,400 I love them. I'm very. 465 00:26:01,240 --> 00:26:02,880 Gay is bullish for the price of gold. 466 00:26:02,880 --> 00:26:04,640 Hey, are we raising our blast targets? 467 00:26:04,680 --> 00:26:07,560 Anyone? Yeah, I'm sure, man. 468 00:26:07,560 --> 00:26:09,080 Let's double them. Let's double them. 469 00:26:09,400 --> 00:26:12,240 I'm ready to double them. Like that is a fact. 470 00:26:12,240 --> 00:26:15,720 We are in the home stretch. Five days left. 471 00:26:15,720 --> 00:26:17,240 Yeah. So, well, actually I think June 472 00:26:17,240 --> 00:26:21,880 25th is the final day for the gold has to be locked by then. 473 00:26:21,880 --> 00:26:24,880 So like we're going to see absolute sprints till then. 474 00:26:24,880 --> 00:26:26,880 Fancy Top is running these tactics out now. 475 00:26:26,880 --> 00:26:31,280 Multiple tactics per day, 30,000 blast gold per tactic up for 476 00:26:31,280 --> 00:26:33,520 grabs. That's likely become the single 477 00:26:33,520 --> 00:26:35,960 best farm. For 20 bucks you get an entry. 478 00:26:36,280 --> 00:26:39,520 If you win, you get like $4000 and 2000 gold. 479 00:26:39,520 --> 00:26:42,520 So it's not easy to win and there's also a lot component to 480 00:26:42,520 --> 00:26:45,640 this, but they're they're going to see tremendous action. 481 00:26:45,640 --> 00:26:49,960 It seemingly has hurt perhaps the the broader initial product. 482 00:26:49,960 --> 00:26:52,920 There's a little bit less interest in in buying cards for 483 00:26:52,920 --> 00:26:55,320 these longer tournaments now because of this. 484 00:26:55,320 --> 00:26:58,120 There's one last tournament like I was in the lobby this morning. 485 00:26:58,120 --> 00:27:01,520 It looks like it's going to that these tournaments are going to 486 00:27:01,520 --> 00:27:07,560 launch here tomorrow at 2:00 AM Eastern, so 17 1/2 or 3:00 AM 487 00:27:07,560 --> 00:27:10,080 Eastern. You can thank the French devs 488 00:27:10,120 --> 00:27:12,000 for that. Like we knew that that we had to 489 00:27:12,040 --> 00:27:15,960 finish these tournaments ahead of the 25th so they can get the 490 00:27:15,960 --> 00:27:18,680 gold out to everyone. But it looks like, yeah, they're 491 00:27:18,680 --> 00:27:20,120 going to start. So this is going to be a weekend 492 00:27:20,120 --> 00:27:22,640 tournament. Might have to adjust some of 493 00:27:22,640 --> 00:27:25,800 your who you're playing your heroes accordingly. 494 00:27:26,560 --> 00:27:31,120 So we will certainly see how the the fancy top streets perform 495 00:27:31,120 --> 00:27:36,520 here in the next few days Other than that NF TS seeing a little 496 00:27:36,520 --> 00:27:41,400 bit of welcome green on the day. So budget Penguins nice rebound 497 00:27:41,400 --> 00:27:44,320 off They hit 7 during the the great loan crisis. 498 00:27:44,320 --> 00:27:49,200 It seems like the loan crisis is resolving a bit now back up 499 00:27:49,200 --> 00:27:56,160 about the solid almost 100% to 200% yeah 20% right 8.2 E the 500 00:27:56,160 --> 00:28:00,560 ladies up at 548% moving Azuki moved 12%. 501 00:28:00,560 --> 00:28:06,080 They got this new hire who has he was the chief growth officer 502 00:28:06,080 --> 00:28:10,920 at Block Corp before this some more of a a web to hire market 503 00:28:10,920 --> 00:28:14,920 seems to have liked that a bit. And then Remilio's briefly 504 00:28:14,920 --> 00:28:17,680 flipped mutinapes. It looks like they they've since 505 00:28:17,720 --> 00:28:22,240 have been re flipped, but that's that was a wild headline and 506 00:28:22,240 --> 00:28:25,720 just another sign of the times when Remilio was launched. 507 00:28:25,720 --> 00:28:29,080 I don't remember recall exactly when they came out that the 508 00:28:29,080 --> 00:28:32,520 thoughts of them flipping mutinapes seemed pretty 509 00:28:32,520 --> 00:28:36,520 unlikely, but I guess mutinapes going to 1.4 ETH felt pretty 510 00:28:36,520 --> 00:28:39,800 unlikely for a a long time there as well, yeah. 511 00:28:41,320 --> 00:28:46,160 Yeah, it's gone a little bit. This whole Blur stuff is, I 512 00:28:46,160 --> 00:28:48,880 think it's going to be painful for for all H for a while, 513 00:28:48,880 --> 00:28:52,520 though we did see that big sweep of punk, so maybe, maybe this 514 00:28:52,520 --> 00:28:54,400 is, I don't know. Do you think this is the bottom 515 00:28:54,400 --> 00:28:55,400 for punk? Do you think they're heading 516 00:28:55,400 --> 00:28:58,920 lower? It's hard to. 517 00:28:58,920 --> 00:29:04,760 I think it's hard to call bottom here just because I think 518 00:29:04,880 --> 00:29:08,120 broader NFTS are still going lower while while we do this 519 00:29:08,320 --> 00:29:12,600 perhaps final blur farmer shakeout and I think it could be 520 00:29:12,600 --> 00:29:16,320 enough to to drag him down just a little bit. 521 00:29:18,280 --> 00:29:20,640 But I mean, the bombs gonna come when no one expects it. 522 00:29:20,640 --> 00:29:24,240 I think that is very much how this is gonna happen. 523 00:29:24,800 --> 00:29:29,520 So decent sales in the last day, 2324 or so. 524 00:29:29,960 --> 00:29:34,440 A nice cowboy went here for for 45 .99. 525 00:29:35,000 --> 00:29:39,760 I I guess that in in the bull case for punks having bottoms is 526 00:29:39,880 --> 00:29:43,600 is that like meme coins become kind of untradable for the next 527 00:29:43,600 --> 00:29:46,320 like three to six months. And if if there's less 528 00:29:46,320 --> 00:29:49,080 opportunity cost there, there's now less opportunity cost in the 529 00:29:49,080 --> 00:29:53,440 blast farm. And maybe it is a a decent set 530 00:29:53,440 --> 00:29:57,320 up here for punks. I think a lot of folks every 531 00:29:57,320 --> 00:30:00,880 time they're going down, we were revising our targets lower and 532 00:30:00,880 --> 00:30:03,680 lower on these. And it was originally like 20 533 00:30:03,680 --> 00:30:07,880 seems super far fetched. And then it was 15 and then 534 00:30:07,880 --> 00:30:13,680 people calling for 10. But man, it's yeah for punks. 535 00:30:15,400 --> 00:30:18,400 I'd buy a lot of 10. Yeah, I think everyone would. 536 00:30:18,680 --> 00:30:21,360 What's the number where you would like really start to 537 00:30:21,360 --> 00:30:25,040 rotate? Did I buy punks? 538 00:30:25,040 --> 00:30:29,960 I think 15 would be a very, very good entry for punks. 15 feels, 539 00:30:30,560 --> 00:30:32,600 yeah. So that would be around 50,000. 540 00:30:32,600 --> 00:30:36,320 I think 50,000 is the floor that Deez has called out. 541 00:30:37,680 --> 00:30:41,360 So I think everyone, everyone knows that the buyers would be 542 00:30:41,360 --> 00:30:43,560 lined up there. I think in my head, 20, like it 543 00:30:43,560 --> 00:30:47,000 still feels like 19. Like are people really going to 544 00:30:47,000 --> 00:30:51,360 let punks get into the teens again here in in this summer? 545 00:30:51,680 --> 00:30:53,840 It's partially going to depend on Eve price. 546 00:30:54,240 --> 00:30:55,800 Oh, you're still expensive. I mean, the four are still 547 00:30:55,800 --> 00:30:57,920 $87,000. That's what I mean, I think, I 548 00:30:57,920 --> 00:31:01,680 think people are forgetting them that this market, this bull 549 00:31:01,680 --> 00:31:03,720 market just doesn't feel like other bull markets to me. 550 00:31:03,720 --> 00:31:07,120 Last bull market, everyone was getting mad wealthy. 551 00:31:07,320 --> 00:31:09,320 This bull market, it feels like you had to have played your 552 00:31:09,320 --> 00:31:12,400 cards pretty well or just held majors and you're more 553 00:31:12,400 --> 00:31:15,400 outperformed. Like this isn't one or you, you 554 00:31:15,400 --> 00:31:18,240 got lucky on some meme coins. But I think that's more like, 555 00:31:19,120 --> 00:31:21,440 that was more a lottery, like some people lost a lot on meme 556 00:31:21,440 --> 00:31:28,280 coins, you know, So, yeah, I, I don't think there's like a ton 557 00:31:28,280 --> 00:31:32,040 of people with 87 grand who just want to throw it in some punks. 558 00:31:32,080 --> 00:31:33,920 Do you know, do you know what I'm basically saying? 559 00:31:33,920 --> 00:31:37,040 It's like, whereas last cycle, it really felt like there were 560 00:31:37,560 --> 00:31:39,760 there were tons of people that were sort of like, yeah, fuck 561 00:31:39,760 --> 00:31:43,280 it, Yeah, you know, this, this is Internet money and I've made 562 00:31:43,280 --> 00:31:46,120 a lot of it and I'm going to throw it in this, this cycle 563 00:31:46,120 --> 00:31:48,400 doesn't feel like that. So this idea of a Veblen good. 564 00:31:48,960 --> 00:31:52,520 I We need people to get wealthy first, in my opinion. 565 00:31:54,040 --> 00:31:55,400 Yeah, and we're, we're just not there yet. 566 00:31:56,040 --> 00:32:00,320 And it, it aligns to this broader thought of that we are 567 00:32:00,320 --> 00:32:04,760 in summer 2020 and right now and there's still 18 months to go. 568 00:32:04,960 --> 00:32:09,920 So nowhere even close to to the the real bull run where everyone 569 00:32:09,920 --> 00:32:12,880 gets rich and buys punks. So, so I'm gonna stick to that. 570 00:32:12,880 --> 00:32:16,680 That is now my my base case for how the next year and a half is 571 00:32:16,680 --> 00:32:19,120 gonna play out. But we're we're talking about 572 00:32:19,120 --> 00:32:22,280 broader collectibles market, but right before the show, like 573 00:32:23,720 --> 00:32:27,520 everything's down, right. It's like wine is down watches. 574 00:32:28,040 --> 00:32:30,280 Wine watches. A lot of collectibles are down. 575 00:32:30,840 --> 00:32:36,280 It's been weird that even in a market of inflation, it's been, 576 00:32:36,520 --> 00:32:40,600 yeah, not the not the nicest period for, for collectibles. 577 00:32:40,600 --> 00:32:43,880 So maybe, maybe we'll see some healing in the broader 578 00:32:43,880 --> 00:32:46,440 collectibles market for for NFTS to come back. 579 00:32:47,240 --> 00:32:49,800 So folks, there's your hope in it's not just NFTS, it's not 580 00:32:49,800 --> 00:32:51,200 digital collectibles that are down. 581 00:32:51,680 --> 00:32:54,920 All collectibles are down and perhaps we just haven't hit 582 00:32:54,920 --> 00:32:59,240 their time just yet. So lookout 2025 for the 583 00:32:59,240 --> 00:33:03,240 collectibles boom. And no, I think that that's 584 00:33:03,240 --> 00:33:06,080 everything on my list. I think we we went around the 585 00:33:06,080 --> 00:33:09,400 horn, hit everything on a quick Friday show. 586 00:33:09,400 --> 00:33:10,640 Anything else jumping out to you? 587 00:33:10,640 --> 00:33:12,760 No. No, that was, it was a good 588 00:33:12,760 --> 00:33:15,200 show. Just hopefully the market 589 00:33:15,200 --> 00:33:17,400 rebounds. I can imagine this weekend will 590 00:33:17,400 --> 00:33:20,920 probably be a bit scary again, but yeah, I still like, I still 591 00:33:20,920 --> 00:33:23,160 like the market. Kill me. 592 00:33:25,280 --> 00:33:27,280 More pain to come. Germany is going to keep selling 593 00:33:27,280 --> 00:33:30,000 their Bitcoin in massive eclipse every hour. 594 00:33:30,000 --> 00:33:33,360 Just try not to sweat it. Go outside, touch some grass, 595 00:33:33,360 --> 00:33:36,240 get away from the screens. Unless you're a fancy top hero, 596 00:33:36,240 --> 00:33:39,480 then I play in my lineup. And then in that case I want you 597 00:33:39,480 --> 00:33:41,120 glued to the screen tweeting once per hour. 598 00:33:41,120 --> 00:33:44,440 Absolute beggars. So so make sure to do that 599 00:33:44,920 --> 00:33:46,480 folks. I think that's going to be it 600 00:33:46,480 --> 00:33:48,760 for the show today. Again, no roll bit spins. 601 00:33:48,760 --> 00:33:51,640 We are going to be back next week with some major roll bit 602 00:33:51,640 --> 00:33:55,000 spins maybe every single day for Oak's going to be back. 603 00:33:55,120 --> 00:33:57,800 Shows are going to be absolutely electric. 604 00:33:57,800 --> 00:34:01,400 We held the Fort down without him here this week, giving 605 00:34:01,400 --> 00:34:04,160 ourselves a a pat on the back, but we're excited to have him 606 00:34:04,160 --> 00:34:06,960 back. Enjoy your weekend, enjoy your 607 00:34:06,960 --> 00:34:10,040 Friday, go outside touch grass. We will talk to you on Monday. 608 00:34:10,040 --> 00:34:10,679 Bye everybody.