1 00:00:00,080 --> 00:00:02,400 Yo-yo, yo-yo, what up? What up? 2 00:00:02,520 --> 00:00:04,000 Good morning. Good morning. 3 00:00:04,360 --> 00:00:10,840 TMG Monday. Oh baby. 4 00:00:12,720 --> 00:00:15,040 I need to kill myself this weekend. 5 00:00:15,360 --> 00:00:20,200 Month, March 3rd, new month 2025. 6 00:00:20,320 --> 00:00:23,400 Look at that, another beautiful day to have a beautiful day. 7 00:00:23,640 --> 00:00:26,240 It is a it is a great month. It's the month of the Persian 8 00:00:26,240 --> 00:00:27,800 New Year. It's the month of the renewal, 9 00:00:27,800 --> 00:00:31,320 the month of the spring equinox on March 21st. 10 00:00:31,320 --> 00:00:33,480 It's 5:00 AM Eastern Standard Time. 11 00:00:33,480 --> 00:00:35,360 I think it'll be 6 by then because we're changing time to 12 00:00:35,360 --> 00:00:39,840 think, but it is a big month for, for, for my people. 13 00:00:40,160 --> 00:00:41,800 It's an important month. It's a good month. 14 00:00:42,240 --> 00:00:44,480 We're feeling positive about it. It's my, it's my favorite months 15 00:00:44,800 --> 00:00:46,800 after my birthday. Actually, I think it's my 16 00:00:46,800 --> 00:00:48,920 favorite celebration. Celebration over my birthday. 17 00:00:49,560 --> 00:00:50,880 That's how big it is. Yeah. 18 00:00:51,000 --> 00:00:53,200 So it's a, it's a nice. Usually it's a very positive 19 00:00:53,200 --> 00:00:54,800 month. So we like that, right? 20 00:00:54,800 --> 00:00:56,120 It starts getting a little warmer. 21 00:00:56,400 --> 00:01:00,680 Montreal didn't get the memo with -27 yesterday, but it's 22 00:01:00,680 --> 00:01:02,720 usually a little a sign of better man. 23 00:01:02,720 --> 00:01:05,640 I really, I really mess my I, I can't move my neck. 24 00:01:06,160 --> 00:01:08,560 I have to like, move my chair to look at my different screens, 25 00:01:08,560 --> 00:01:10,520 you know? What happened just from your 26 00:01:10,520 --> 00:01:13,120 workout? Yeah, Saturday I decided to put 27 00:01:13,120 --> 00:01:16,520 a, I've been like elongating my workouts. 28 00:01:16,520 --> 00:01:19,240 So instead of an hour, I do like 75 minutes now and on and on. 29 00:01:19,240 --> 00:01:22,520 So I did 50 minutes just on my back and then do like a 20 30 00:01:22,520 --> 00:01:25,840 minute buy then do like I was like I I guess 50 minutes was 31 00:01:25,840 --> 00:01:27,480 like a little too much for my body. 32 00:01:27,680 --> 00:01:30,440 Like I think my body was just not down for 50 minutes of back 33 00:01:30,440 --> 00:01:32,480 lifting. So now I can't move my neck. 34 00:01:32,480 --> 00:01:33,840 Yeah, we didn't go out this weekend. 35 00:01:33,840 --> 00:01:36,040 We're still working on the OR on the health chart. 36 00:01:36,040 --> 00:01:38,280 So we're good. Tyler, how's your weekend? 37 00:01:38,440 --> 00:01:40,480 How you doing today? It was good. 38 00:01:40,480 --> 00:01:42,920 I mean, what a wild turn of events yesterday. 39 00:01:43,200 --> 00:01:46,480 We're used to puking all weekend and now we had like the most 40 00:01:46,480 --> 00:01:49,480 green weekend we've had in what feels like months. 41 00:01:49,640 --> 00:01:51,720 What's that mean with Kim Jong Un? 42 00:01:51,720 --> 00:01:53,640 Like in the midst of we're still over? 43 00:01:54,360 --> 00:01:56,600 I thought that when he's lighting a cigarette on, you 44 00:01:56,600 --> 00:01:59,400 know, I mean, it's over again, but it's OK. 45 00:01:59,440 --> 00:02:01,880 But it was a fun I. It was a fun 24 hours. 46 00:02:01,880 --> 00:02:03,920 Now we're coming back to Earth a little bit here. 47 00:02:03,920 --> 00:02:04,760 It was a fun. Sunday. 48 00:02:05,720 --> 00:02:07,520 It was a fun Sunday. The boys all caught the move 49 00:02:07,520 --> 00:02:09,320 right. Like it looks like it looks like 50 00:02:09,320 --> 00:02:11,440 you me Mando. I know Ovie did as well. 51 00:02:11,440 --> 00:02:13,680 I know a few of us and we we cut that small move pretty well. 52 00:02:13,680 --> 00:02:17,120 So it's you love to see that was that was a great weekend 53 00:02:17,120 --> 00:02:20,440 anyways. Also I'm cooking on Marriott 54 00:02:20,440 --> 00:02:23,800 dude, like how much Bitcoin will like. 55 00:02:24,040 --> 00:02:27,320 I bet that Michael Saylor's going to stop buying Bitcoin 56 00:02:27,360 --> 00:02:29,720 this week. And I just made 200,000 points 57 00:02:29,720 --> 00:02:31,240 off that, so that's not bad. Nice. 58 00:02:31,400 --> 00:02:34,160 And the Lakers won. Oh, and I won Adrian Brody best 59 00:02:34,160 --> 00:02:35,680 actor and leading role for Oscars. 60 00:02:36,000 --> 00:02:39,520 Dude, I am on fire on Marietta. I wish my points counted towards 61 00:02:39,520 --> 00:02:41,040 leaderboard. I'd be cooking, you 62 00:02:41,040 --> 00:02:43,680 motherfuckers. We we you nailed the the cricket 63 00:02:43,680 --> 00:02:49,200 bet I I wish I'd I'd put more capital did that. 1, you got 64 00:02:49,200 --> 00:02:51,280 that, that that thrower or whatever they fucking call in 65 00:02:51,280 --> 00:02:54,240 cricket like the guy who throws the ball, he's throwing the ball 66 00:02:54,240 --> 00:02:58,280 with an $800,000 Richard Milly. Like this takes immense amount 67 00:02:58,280 --> 00:03:01,640 of self-confidence and balls. Also, if he has a Richard Milly 68 00:03:01,640 --> 00:03:03,880 on, he probably has a probably like the top athlete. 69 00:03:04,000 --> 00:03:05,040 I feel like, you know what I mean? 70 00:03:05,040 --> 00:03:07,560 So it's like, it's like a mental game, you know what I mean? 71 00:03:07,560 --> 00:03:09,280 So you got to study that. Yeah. 72 00:03:09,400 --> 00:03:12,440 If a tennis player is rocking a Richard Milly playing, if a for, 73 00:03:12,440 --> 00:03:15,000 if a, if a cricket player is rock, we're also rocking Richard 74 00:03:15,000 --> 00:03:16,600 Milly playing. Usually you want to slam it. 75 00:03:16,600 --> 00:03:19,920 Plus, Indians are notoriously good at cricket. 76 00:03:20,480 --> 00:03:24,200 Study OSF, who's actually cricket champion. 2 times under 77 00:03:24,200 --> 00:03:26,520 13 in the peewees. So yeah, yeah, yeah. 78 00:03:26,560 --> 00:03:29,600 So it's a, it's pretty big deal. Anyways, today on the show 79 00:03:29,600 --> 00:03:32,920 markets, we lost, we lost, we lost, we lost the man. 80 00:03:32,960 --> 00:03:35,000 We're we're one man down. I don't know, Mando must have 81 00:03:35,000 --> 00:03:37,920 had an emergency. But we're man, we're man down, 82 00:03:37,920 --> 00:03:39,080 man down. But we'll talk markets. 83 00:03:39,080 --> 00:03:40,040 Don't worry, we can do our thing. 84 00:03:40,600 --> 00:03:42,960 We'll talk markets, we'll talk. What else are we talking about, 85 00:03:42,960 --> 00:03:43,840 Tyler? We have top one, Tyler. 86 00:03:43,840 --> 00:03:44,920 I mean, we got to talk about this weekend. 87 00:03:44,920 --> 00:03:47,000 I mean, this whole what? It's a big week because there's 88 00:03:47,000 --> 00:03:49,200 Crypto Summit on Friday. Anything can happen. 89 00:03:49,200 --> 00:03:51,680 We have an announcement of 1:30 PM today with a big Congress 90 00:03:51,680 --> 00:03:53,960 thing appearance tomorrow night per Trump. 91 00:03:53,960 --> 00:03:55,320 So there's going to be a big, big week. 92 00:03:56,600 --> 00:03:59,280 And then let's talk about this. Then last but not least, this 93 00:03:59,280 --> 00:04:01,560 show is powered by, well, I'll tell you what this show is 94 00:04:01,560 --> 00:04:03,520 powered by. This show is powered Galaxy. 95 00:04:04,080 --> 00:04:06,440 Galaxy is the Web 3 platform empowering creators and brands 96 00:04:06,440 --> 00:04:08,680 to build on toppable communities with full ownership and 97 00:04:08,680 --> 00:04:12,160 independence, trusted by icons like Donald Trump, Steve Aoki, 98 00:04:12,160 --> 00:04:15,040 Mike Tyson and the NBA, shaping together the future of 99 00:04:15,040 --> 00:04:17,880 engagement. But also we do have a new 100 00:04:17,880 --> 00:04:21,760 rolling title sponsor today on the show Wallet connect. 101 00:04:21,800 --> 00:04:24,680 I mean, you've, you've all heard of wallet connect for sure. 102 00:04:24,680 --> 00:04:26,560 You've probably used their infrastructure because like 30 103 00:04:26,560 --> 00:04:29,360 million people using it in in crypto. 104 00:04:29,360 --> 00:04:31,200 True story. Wallet Connect is the 105 00:04:31,200 --> 00:04:34,720 connectivity network shaping the future of on chain UX. 106 00:04:34,920 --> 00:04:37,360 If you've connected web 3 app, you've seen wallet connect the 107 00:04:37,360 --> 00:04:39,560 blue logo. It's everywhere an icon trust in 108 00:04:39,560 --> 00:04:43,480 crypto icon of trust in crypto as recognizable as visa a check 109 00:04:43,480 --> 00:04:45,720 out dude that's a good read bro who wrote that? 110 00:04:45,960 --> 00:04:49,240 Want to learn more Follow at wallet connect on X and telegram 111 00:04:49,240 --> 00:04:50,880 to stay ahead of what's next Dude. 112 00:04:50,920 --> 00:04:54,520 I I like those reads Tyler like our our our partners are giving 113 00:04:54,520 --> 00:04:56,960 us a good look at that blue logo. 114 00:04:56,960 --> 00:04:58,920 It's everywhere. An icon of trust in crypto. 115 00:05:00,760 --> 00:05:03,440 Dude, I love that. Can you name more transparent 116 00:05:03,440 --> 00:05:04,840 hosting us when it comes to sponsors? 117 00:05:05,040 --> 00:05:07,600 We're like out there. I love this shit. 118 00:05:08,120 --> 00:05:10,560 All right, Tyler, I'm just going to go straight to your top. 119 00:05:10,560 --> 00:05:12,000 Let's take a top down for this show. 120 00:05:12,000 --> 00:05:22,360 I think there's a lot of interesting stuff to talk. 121 00:05:23,440 --> 00:05:28,680 About folks, top story yesterday we got the surprise announcement 122 00:05:28,680 --> 00:05:31,360 from Donald Trump stating that the crypto strategic reserve 123 00:05:31,360 --> 00:05:36,400 will include XRP, Seoul and ADA. He then went on to clarify, of 124 00:05:36,400 --> 00:05:41,160 course, in addition to Bitcoin and ETH, this made all five of 125 00:05:41,160 --> 00:05:45,200 those tokens just absolutely skyrocket on Sunday and 126 00:05:45,200 --> 00:05:47,680 impacting the broader market as well. 127 00:05:48,040 --> 00:05:51,600 This came just a few days after the White House announced first 128 00:05:51,680 --> 00:05:55,800 ever crypto summit taking place this Friday, chaired by David 129 00:05:55,800 --> 00:06:00,080 Sacks with founders, CEOs, investors and that core crypto 130 00:06:00,080 --> 00:06:02,200 working group members all in attendance. 131 00:06:02,200 --> 00:06:04,480 So that's going to be a big one. The other big headline, we 132 00:06:04,480 --> 00:06:06,960 talked about this on Friday's show a little bit, but I didn't 133 00:06:06,960 --> 00:06:10,800 quite understand the depth of it, but BlackRock added its 134 00:06:10,800 --> 00:06:13,640 Bitcoin ETFs to its model portfolio for the first time, 135 00:06:13,920 --> 00:06:17,600 adding a one to 2% allocation, which opens the doors to 136 00:06:17,600 --> 00:06:20,000 hundreds of billions of dollars in copy trading. 137 00:06:20,200 --> 00:06:22,560 Still arguably the biggest announcement of this past 138 00:06:22,560 --> 00:06:23,200 weekend. So I think we. 139 00:06:23,200 --> 00:06:26,200 Got to talk about. A bit more Bitcoin ETFs did see 140 00:06:26,200 --> 00:06:30,160 positive inflows on Friday 94,000,000, their biggest day in 141 00:06:30,160 --> 00:06:34,360 in a few different weeks. Arizona Senate one step closer. 142 00:06:34,360 --> 00:06:36,560 They passed their strategic reserve Bitcoin bill. 143 00:06:36,560 --> 00:06:38,720 Now on to the House for final approval. 144 00:06:39,200 --> 00:06:42,200 Metaplan keeps buying even though Sailor didn't Sailor mark 145 00:06:42,200 --> 00:06:44,320 safe from the dip last week. He did not buy. 146 00:06:44,720 --> 00:06:48,360 Thank God. But Metaplan, they bought 13 147 00:06:48,360 --> 00:06:52,600 million and then there's a a vote coming today the Senate on 148 00:06:52,600 --> 00:06:55,800 repealing this one of the recent IRS rules against crypto and D 149 00:06:55,800 --> 00:06:59,080 flash that's going to be another one to watch in token AirDrop 150 00:06:59,080 --> 00:07:01,400 and protocol news. Cauchy designated as a covered 151 00:07:01,400 --> 00:07:04,560 exchange by the CFTC. Saw that? 152 00:07:04,880 --> 00:07:08,280 For prediction markets, Kronos considering a proposal to 153 00:07:08,280 --> 00:07:11,320 reissue 70 billion CRO tokens that were previously burned. 154 00:07:11,320 --> 00:07:14,600 I'm not sure I've seen that any time recently. 155 00:07:14,600 --> 00:07:18,160 Infinex announced self sovereign Bitcoin vaults and then folks 156 00:07:18,160 --> 00:07:21,440 Ruins pumped yesterday. It seems tied to this launch of 157 00:07:21,480 --> 00:07:26,520 Odin dot font, which is I think it's a new, it's on the ICP. 158 00:07:27,000 --> 00:07:29,960 But these tokens have actual liquidity like we're talking 10 159 00:07:29,960 --> 00:07:33,160 to $40 million in daily volume on some of the leaders. 160 00:07:33,840 --> 00:07:38,040 So maybe, maybe some light at the end of the tunnel for Ruins. 161 00:07:38,040 --> 00:07:41,680 We'll talk about that. The rest of the board AI up a 162 00:07:41,880 --> 00:07:44,120 touch. Some of the leaders up 10 to 20% 163 00:07:44,280 --> 00:07:47,120 or more in the wake of the announcement yesterday. 164 00:07:47,120 --> 00:07:49,440 If Arc coin was a top winner, I was up 50% at one point. 165 00:07:49,840 --> 00:07:52,360 Meme coin leaders up about 3 to 10%. 166 00:07:52,360 --> 00:07:54,240 Broadly. The Libra scandal actually made 167 00:07:54,240 --> 00:07:56,920 the front page of the New York Times on Saturday. 168 00:07:57,320 --> 00:08:01,480 Ronald Dino in a sign that we are kind of cooling off from 169 00:08:01,480 --> 00:08:06,400 meme aping Ronald Dino launched the Star 10 meme on B&B 170 00:08:06,400 --> 00:08:11,360 yesterday got to 30 million so it's it's harder for these 171 00:08:11,360 --> 00:08:14,720 tokens to run these days and NFTS on chain heroes introduced 172 00:08:14,720 --> 00:08:17,760 the dungeons as the next phase of their P2E game that starts 173 00:08:17,760 --> 00:08:21,800 today and then Luca wearing the igloo hat today for a reason he 174 00:08:21,800 --> 00:08:26,040 shared something coming perhaps for those American made jpegs 175 00:08:26,200 --> 00:08:28,600 coming out of the the news from Donald Trump. 176 00:08:28,600 --> 00:08:30,280 So an announcement. Is that so? 177 00:08:31,000 --> 00:08:34,159 But it was provocative. It is that so, huh. 178 00:08:35,520 --> 00:08:38,360 It's that, so we should open a market on that. 179 00:08:38,919 --> 00:08:43,880 Will there be an NFTETF? So an ETF composed of 100% NFTS 180 00:08:45,120 --> 00:08:47,800 filed by the end of April, Would you take that? 181 00:08:50,160 --> 00:08:52,480 In 2025. I said filed. 182 00:08:52,480 --> 00:08:55,760 I said filed. Yeah, in 2025, I take it April 183 00:08:55,760 --> 00:08:58,240 is close. I like that, though. 184 00:08:58,240 --> 00:08:59,760 I like those odds. I mean, you know, pretty sure 185 00:08:59,760 --> 00:09:01,040 Mark is going to have nice odds, right? 186 00:09:01,320 --> 00:09:03,960 Yeah, I'm. Probably also also take yes for 187 00:09:03,960 --> 00:09:04,960 filed. Yeah, why not? 188 00:09:05,360 --> 00:09:08,080 All right, you heard that. Who's who's who's listening from 189 00:09:08,080 --> 00:09:10,440 the, from a team. I I just got off a call with the 190 00:09:10,440 --> 00:09:12,120 team. We're like planning our first 191 00:09:12,120 --> 00:09:15,440 USD markets as we speak. So they're coming, they're 192 00:09:15,440 --> 00:09:16,520 coming. I don't know if you caught that, 193 00:09:16,520 --> 00:09:19,920 but the The Sims is being cheeky out there on the I was like, 194 00:09:19,920 --> 00:09:21,520 what the fuck is this guy talking about? 195 00:09:21,640 --> 00:09:23,240 And then I read the first letter of each word. 196 00:09:23,240 --> 00:09:24,080 I was like, oh, that makes sense. 197 00:09:25,440 --> 00:09:28,560 Before we move on, so I I shared a a post yesterday before all 198 00:09:28,560 --> 00:09:31,560 the the news came out just talking about the myriad Twitter 199 00:09:31,560 --> 00:09:33,440 integration. It's like, folks, if you haven't 200 00:09:33,440 --> 00:09:36,080 checked this out, it is cool. So like I saw one of the folks 201 00:09:36,080 --> 00:09:37,920 that follow eyebrow. Getting better. 202 00:09:37,920 --> 00:09:41,120 A thesis about the Bitcoin reserve market on the state 203 00:09:41,120 --> 00:09:44,560 level and he had the market embedded and I. 204 00:09:44,560 --> 00:09:48,400 Can just, it's nice, Yeah. If you have the extension, you 205 00:09:48,400 --> 00:09:50,400 can bet like, like that's what Tyler was talking about on 206 00:09:50,400 --> 00:09:51,960 screen. It's like if you this is a 207 00:09:51,960 --> 00:09:55,520 tweet, this is not a market, but you could actually click on this 208 00:09:55,520 --> 00:09:57,160 and use the market. So yeah, that was nice. 209 00:09:57,520 --> 00:09:58,840 I saw that they're they're pretty. 210 00:09:58,840 --> 00:10:00,320 It's really nice. It's well done and it gets 211 00:10:00,320 --> 00:10:02,000 better. I, I saw your notes, like if 212 00:10:02,000 --> 00:10:04,240 anyone has notes or like suggestions keep sending. 213 00:10:04,240 --> 00:10:06,320 But yeah, we're gearing up for USDC markets ASAP. 214 00:10:06,320 --> 00:10:08,080 So you guys are going to have a lot of fun anyways. 215 00:10:08,600 --> 00:10:10,120 Tyler, let's go back. Let's take care. 216 00:10:10,120 --> 00:10:14,320 Let's take it back a little bit. I feel like we have, I feel like 217 00:10:14,320 --> 00:10:16,920 we have to talk about this weekend first, right? 218 00:10:17,240 --> 00:10:19,200 But that was like the biggest news. 219 00:10:19,560 --> 00:10:21,640 Markets bounced a lot. I'm going to pull up some charts 220 00:10:21,640 --> 00:10:23,200 here, but take it, take it, take it for us. 221 00:10:23,920 --> 00:10:26,400 Yeah, yesterday afternoon we got the surprise announcement from 222 00:10:26,400 --> 00:10:27,880 Donald Trump. I think it was shared on True 223 00:10:27,880 --> 00:10:30,440 Social. First, he says AUS Crypto 224 00:10:30,440 --> 00:10:34,480 Reserve will elevate this critical industry after years of 225 00:10:34,480 --> 00:10:37,200 corrupt attacks by the Biden administration. 226 00:10:37,520 --> 00:10:40,960 So he's reinforcing here his executive order on digital 227 00:10:40,960 --> 00:10:42,880 assets. He's directing the working group 228 00:10:43,360 --> 00:10:48,640 to move forward on that reserve. The reserve will include XRP, 229 00:10:48,640 --> 00:10:53,320 Seoul and ADA as he makes as he looks to make the US the crypto 230 00:10:53,320 --> 00:10:54,480 capital. Of the world. 231 00:10:55,320 --> 00:10:56,720 So that was the first announcement. 232 00:10:57,480 --> 00:11:00,080 People are just spinning, going wild. 233 00:11:00,080 --> 00:11:02,640 XRP, Seoul and ADA are starting to pump. 234 00:11:03,960 --> 00:11:05,800 I think Bitcoin starts to move a little bit. 235 00:11:05,800 --> 00:11:07,160 Then there's chatter on the timeline. 236 00:11:07,160 --> 00:11:09,880 Wait, does this mean E that's not included? 237 00:11:09,880 --> 00:11:11,560 Does this mean Bitcoin is not included? 238 00:11:11,560 --> 00:11:15,880 And then an hour later, Trump comes out and does clarify that 239 00:11:15,960 --> 00:11:20,720 obviously Bitcoin and ETH, as other valuable cryptocurrencies, 240 00:11:20,720 --> 00:11:23,640 will be at the heart of the reserve. 241 00:11:24,920 --> 00:11:27,040 So I don't know that we need the comprehensive list here. 242 00:11:27,080 --> 00:11:29,040 Like, I feel like this is the potential list. 243 00:11:29,040 --> 00:11:30,200 I've got a lot of thoughts on this. 244 00:11:30,200 --> 00:11:33,040 But that was the news. These are the five tokens. 245 00:11:33,040 --> 00:11:35,280 Those five all just absolutely skyrocketed. 246 00:11:35,280 --> 00:11:38,520 I think Bitcoin printed the largest candle in its history. 247 00:11:39,200 --> 00:11:42,960 Because it's a. $1000 candle. I I think that was whoa. 248 00:11:43,040 --> 00:11:47,200 You mean weekly or daily? Fuck that was a $10,000 daily. 249 00:11:47,560 --> 00:11:51,440 Yeah, I saw, I did not verify this, but I saw a headline that 250 00:11:51,440 --> 00:11:52,960 it was the the biggest daily candle. 251 00:11:52,960 --> 00:11:54,440 Ever. I mean, it has to be largest 252 00:11:54,440 --> 00:11:58,520 daily candles ever on big. It has, I mean, 10,000 dollars, 253 00:11:58,520 --> 00:12:03,680 Yeah, I don't know, but it's got to be right. 254 00:12:04,120 --> 00:12:07,960 Yeah, it's got to be up there just because, I mean, it had to 255 00:12:07,960 --> 00:12:11,320 have been done in the last three months anyways. 256 00:12:11,320 --> 00:12:12,920 Right. I remember not long ago we said 257 00:12:12,920 --> 00:12:14,280 it was the largest daily. It was like 8K. 258 00:12:14,280 --> 00:12:15,360 So surely this has to be it. Yeah. 259 00:12:16,240 --> 00:12:17,800 Yeah. Wow. 260 00:12:18,120 --> 00:12:19,400 It's giving back half of that so far. 261 00:12:19,400 --> 00:12:21,400 But it's not a bad place to buy on the bounce. 262 00:12:21,720 --> 00:12:23,560 We talked about it last night. I even told you, like high 80s 263 00:12:24,160 --> 00:12:25,400 probably is not that bad. Wow. 264 00:12:25,400 --> 00:12:27,200 What a candle, though, eh? It feels good. 265 00:12:27,200 --> 00:12:30,080 Right, that was a candle. But then look at Solana. 266 00:12:30,080 --> 00:12:34,280 Solana went fuck. What was the daily on Solana 267 00:12:34,280 --> 00:12:36,520 yesterday? The daily on Solana. 268 00:12:37,200 --> 00:12:37,960 My God. Wait hold on. 269 00:12:38,040 --> 00:12:41,120 Oh my God that was a massive fucking candle bro. 270 00:12:41,120 --> 00:12:45,400 It went from 1:40 to 180 essentially. 271 00:12:45,960 --> 00:12:48,200 Yeah, I mean that. Wow, internal you. 272 00:12:48,200 --> 00:12:51,800 Guys lost that very quickly as well, but like, my God. 273 00:12:51,800 --> 00:12:55,120 That's a 30, nearly 30% candle. Until yesterday. 274 00:12:56,560 --> 00:12:59,480 Nuts. Like the people who bought 135 275 00:12:59,480 --> 00:13:02,560 is like with with the hope of going to 160 or 180 thought that 276 00:13:02,560 --> 00:13:05,640 might play out over like weeks or months and it played out in. 277 00:13:05,640 --> 00:13:07,840 Afternoon day. I mean, we all even thought like 278 00:13:08,080 --> 00:13:10,800 I personally like that's why I have my whatever, like my 279 00:13:11,280 --> 00:13:13,200 astrology on the on the board here. 280 00:13:13,200 --> 00:13:16,920 But it's like I was 163. I thought was top pico top 281 00:13:16,920 --> 00:13:19,400 again. So I sold a bunch like 160 but 282 00:13:19,600 --> 00:13:21,560 went higher. So well done. 283 00:13:21,560 --> 00:13:22,880 I mean, this is really good to see. 284 00:13:23,000 --> 00:13:24,880 It's relief, right? Like you must rather have even 285 00:13:24,880 --> 00:13:28,080 Solana hover over the one 60s than that bottom range here 286 00:13:28,080 --> 00:13:31,000 which kind of sucked. It was nice relief. 287 00:13:31,240 --> 00:13:33,200 It's like hard like, do we know if the bottom is in or not? 288 00:13:33,200 --> 00:13:36,240 We can get into the broader macro conversation maybe a 289 00:13:36,440 --> 00:13:39,000 little bit later. I don't know that a whole lot 290 00:13:39,000 --> 00:13:41,120 has changed like since what we were talking about the end of 291 00:13:41,120 --> 00:13:44,600 last week, right? And like this, this news event 292 00:13:44,600 --> 00:13:47,360 itself, like I've been, I was trying to wrap my head around it 293 00:13:47,360 --> 00:13:49,640 yesterday. Like, is this even news? 294 00:13:50,560 --> 00:13:52,120 Because it's an executive order, right? 295 00:13:52,480 --> 00:13:54,960 He named new tickers, which I think is the specific news. 296 00:13:55,560 --> 00:13:59,440 But like, we knew about this executive order, we, we knew 297 00:13:59,440 --> 00:14:01,880 that this working group was to build this plan. 298 00:14:02,920 --> 00:14:05,280 And even last week we were talking about like there was a 299 00:14:05,280 --> 00:14:07,760 subcommittee meeting and they, they weren't making very much 300 00:14:07,760 --> 00:14:09,680 progress. They were moving very slowly. 301 00:14:11,520 --> 00:14:16,360 So the the real meat in this news did feel a little light. 302 00:14:16,360 --> 00:14:21,800 I guess the the bull and me like the like the hopium here is that 303 00:14:21,800 --> 00:14:25,240 like this reinforces that this is something that is top of 304 00:14:25,240 --> 00:14:26,880 mind. For. 305 00:14:28,440 --> 00:14:31,240 And then, arguably and maybe, the White House summit on Friday 306 00:14:31,240 --> 00:14:34,680 is the actual news. I'm very curious what happens 307 00:14:34,680 --> 00:14:35,760 then. So let's let's revisit. 308 00:14:35,760 --> 00:14:38,640 Some of the tweets from from the White House were close to it. 309 00:14:38,640 --> 00:14:42,840 Eric Trump 12 hours ago. I love the genius of announcing 310 00:14:42,840 --> 00:14:45,960 a strategic reserve on a Sunday when traditional markets were 311 00:14:45,960 --> 00:14:47,840 closed and Wall Street sleeps for the first time. 312 00:14:47,840 --> 00:14:50,400 Retail investors win traditional finance better catch up or it 313 00:14:50,400 --> 00:14:53,160 will become extinct. The world no longer runs on the 314 00:14:53,160 --> 00:14:55,880 Monday to Friday, 9:00 to 5:00. What? 315 00:14:56,240 --> 00:14:58,720 What a tweet from one of our top three Kols, right? 316 00:14:58,800 --> 00:15:00,440 Donald Trump is number one, right? 317 00:15:00,440 --> 00:15:02,480 You have Cynthia Loomis in him. It's like our favorite Kol. 318 00:15:02,480 --> 00:15:04,800 Oh, the Caesar too. So bizarre. 319 00:15:05,120 --> 00:15:07,920 So we have a few big Kols now, Tyler, you're going to be 320 00:15:07,920 --> 00:15:10,600 competing for yaps, dude. And then an hour ago he said, 321 00:15:10,600 --> 00:15:13,040 you're welcome, my friend. Hopefully I made someone's life 322 00:15:13,040 --> 00:15:16,840 just a little bit better. Now my advice is huddle hold, IE 323 00:15:16,840 --> 00:15:18,760 long term. What do you think of Eric Trump 324 00:15:18,760 --> 00:15:19,680 here? I I love that. 325 00:15:20,160 --> 00:15:22,400 Yeah. And so clearly they're they're 326 00:15:22,480 --> 00:15:25,280 they're looking to build tokenization on Ethereum. 327 00:15:25,360 --> 00:15:27,240 I don't know if they're specifically looking to get into 328 00:15:27,240 --> 00:15:32,680 like tokenized stock trading. Yeah, but I mean certainly 24 or 329 00:15:32,680 --> 00:15:39,680 7 trading availability is a is a foundational aspect of it, which 330 00:15:40,080 --> 00:15:42,520 makes it makes it great. A lot of people are angry at the 331 00:15:42,840 --> 00:15:45,480 at the ADA ad here. I mean there's David Saks's 332 00:15:45,480 --> 00:15:48,360 official account from the government and I'll show that 333 00:15:48,360 --> 00:15:50,360 his personal account in the second. 334 00:15:50,360 --> 00:15:52,720 But this has pissed off a lot of people. 335 00:15:52,720 --> 00:15:56,080 What what is your thoughts? I saw I mean Bryan Armstrong not 336 00:15:56,080 --> 00:15:58,480 pissed off but actually did piss off a lot of people. 337 00:15:58,880 --> 00:16:01,920 But Bryan Armstrong's thoughts were excited to learn more so 338 00:16:01,920 --> 00:16:03,520 from an opinion on asset allocation. 339 00:16:03,520 --> 00:16:05,880 But my current thinking is one just Bitcoin would probably be 340 00:16:05,880 --> 00:16:07,720 the best option. Simplest and clear story of 341 00:16:07,720 --> 00:16:11,040 success for the gold 2. If folks wanted more variety you 342 00:16:11,040 --> 00:16:14,640 could do a market cap weighted index of crypto assets to keep 343 00:16:14,640 --> 00:16:17,200 it unbiased. So probably up to one's better. 344 00:16:17,280 --> 00:16:17,680 What? What is? 345 00:16:17,680 --> 00:16:19,680 What is your thoughts? I, I seem to agree with that. 346 00:16:19,680 --> 00:16:22,160 I think for one, like the, the fight against Sax was that he is 347 00:16:22,160 --> 00:16:25,800 an investor in Bitwise and Bitwise's largest holdings are 348 00:16:25,800 --> 00:16:28,600 the, those tokens that were all included. 349 00:16:29,800 --> 00:16:32,120 He did come out and say, hey, I sold all my personal 350 00:16:32,120 --> 00:16:35,920 investments, but I don't, I don't think that carries over 351 00:16:35,920 --> 00:16:39,280 to, to Bitwise and people are just going down the, the crony 352 00:16:39,280 --> 00:16:42,600 capitalism. This is just Trump trying to 353 00:16:43,080 --> 00:16:45,640 enrich his friends. And, and that was the the big 354 00:16:46,120 --> 00:16:48,280 narrative that I saw. And, and it's loud. 355 00:16:48,680 --> 00:16:50,840 And I think there's, there's going to be a lot of pushback to 356 00:16:50,840 --> 00:16:55,840 this. My thoughts In general, it does 357 00:16:55,840 --> 00:16:58,680 feel like this could be a negotiation tactic by Trump. 358 00:16:59,040 --> 00:17:03,240 Here. To start wide, knowing that 359 00:17:03,240 --> 00:17:06,560 perhaps all five of these don't get in, but then it's easier to 360 00:17:06,560 --> 00:17:08,800 pull back and get Bitcoin in to the reserve. 361 00:17:10,880 --> 00:17:12,920 I would agree with Armstrong's take here. 362 00:17:12,920 --> 00:17:16,720 I think Bitcoin is the easier case, especially just comparing 363 00:17:16,720 --> 00:17:20,720 it to to gold market cap weighted of course is probably 364 00:17:20,720 --> 00:17:22,000 the simplest way to do it for the others. 365 00:17:22,000 --> 00:17:23,960 But I think there's a lot of questions on the merit of 366 00:17:23,960 --> 00:17:28,760 including tokens like ADA or XRP in the reserve. 367 00:17:30,040 --> 00:17:32,720 My thought is it would make more sense in the sovereign wealth 368 00:17:32,720 --> 00:17:35,840 fund anyway than a strategic reserve. 369 00:17:38,320 --> 00:17:41,200 So that was my initial reaction. I'm not getting too hyped up 370 00:17:41,200 --> 00:17:43,760 that we're actually going to get a strategic reserve with those 371 00:17:43,760 --> 00:17:46,360 five assets over the the finish line. 372 00:17:47,400 --> 00:17:51,400 Anytime, Yeah, Mando. Hey guys, how you doing? 373 00:17:52,000 --> 00:17:54,360 Sorry, I've only got. 10 minutes, but what do you? 374 00:17:54,360 --> 00:17:57,800 Make of this the reserve. Stuff. 375 00:17:57,800 --> 00:18:00,080 Well, we were talking. Like overall like weekend news 376 00:18:00,080 --> 00:18:02,120 and then like would you agree with the statement? 377 00:18:02,120 --> 00:18:04,360 Like a lot of people are really pissed off about the the picks 378 00:18:04,800 --> 00:18:06,560 when it comes to the pad, etcetera. 379 00:18:06,560 --> 00:18:10,400 What do you make of that? I think there's just like a 380 00:18:10,800 --> 00:18:13,040 probably a misconception about the reserve in general. 381 00:18:15,280 --> 00:18:19,080 My honest view is that people in their mind think the Fed is 382 00:18:19,080 --> 00:18:23,400 about to print money to buy these assets and there is like a 383 00:18:23,400 --> 00:18:25,720 zero percent chance of that happening in my opinion. 384 00:18:27,160 --> 00:18:29,920 There's also a very, very low chance in my opinion of them 385 00:18:30,280 --> 00:18:32,760 using taxpayer assets to to, to do this. 386 00:18:34,920 --> 00:18:38,480 I don't think they'd be able to get through a broad based, 387 00:18:39,000 --> 00:18:44,760 particularly in altcoin based reserve. 388 00:18:46,320 --> 00:18:50,680 The only way for so, so, so if the Fed doesn't buy it, the only 389 00:18:50,680 --> 00:18:53,560 way to buy it is as Tyler says, either by a sovereign wealth 390 00:18:53,560 --> 00:18:58,240 fund or by, by the Treasury. There is a, there is a part of 391 00:18:58,240 --> 00:19:01,480 the Treasury which owns foreign exchange holdings, but you have 392 00:19:01,480 --> 00:19:07,680 to you, they, they own them under like very specific 393 00:19:08,080 --> 00:19:13,040 national security interest scenarios like security and 394 00:19:13,040 --> 00:19:15,920 defence. So they'd have to argue that 395 00:19:15,920 --> 00:19:20,680 that was somehow needed. And then in terms of how they 396 00:19:20,680 --> 00:19:23,720 would buy them, they would probably need to sell gold 397 00:19:23,720 --> 00:19:27,560 holdings to be able to do that. I think that's. 398 00:19:27,560 --> 00:19:30,920 Going to be incredibly tough for them to be able to do like the 399 00:19:30,920 --> 00:19:34,880 idea that they would sell 10% of their their gold holdings to buy 400 00:19:35,480 --> 00:19:39,160 anything. I think the the number one 401 00:19:39,840 --> 00:19:42,920 scenario here and I know that sounds a bit doom and gloom, but 402 00:19:42,920 --> 00:19:46,320 like I just think put to a side that you think the US is going 403 00:19:46,360 --> 00:19:48,680 to buy these assets. I think they, they might call 404 00:19:48,680 --> 00:19:51,080 them strategic reserve assets. I think they might stop all 405 00:19:51,080 --> 00:19:53,440 sales of them. I think there's a chance that 406 00:19:53,440 --> 00:19:56,200 they work alongside some of the miners and start mining some 407 00:19:56,240 --> 00:20:01,840 some Bitcoin. I think they may get donations 408 00:20:02,240 --> 00:20:05,520 from some of these assets, if I'm honest, like in the same way 409 00:20:05,520 --> 00:20:07,040 that World Liberty Financial does. 410 00:20:08,400 --> 00:20:13,160 Maybe in return for being a validator or something like? 411 00:20:13,240 --> 00:20:15,520 I don't think that the. The the real. 412 00:20:15,520 --> 00:20:17,920 Question is how do they get the money to buy these assets and 413 00:20:17,920 --> 00:20:20,880 that is going to be very politically difficult they're. 414 00:20:21,440 --> 00:20:23,280 Not going. To be raising taxes to do it, 415 00:20:23,680 --> 00:20:28,160 there's some, there's some commentary that that and that 416 00:20:28,160 --> 00:20:29,560 that's on the political level, right. 417 00:20:29,560 --> 00:20:31,960 So that's like, if the Fed was to be able to do it, they're not 418 00:20:31,960 --> 00:20:35,280 printing money to do this. If, if the Treasury was able to 419 00:20:35,280 --> 00:20:37,560 do it, they'd have to sell some gold holding to do it. 420 00:20:37,560 --> 00:20:39,880 And even then, I think that's like politically very, very 421 00:20:39,880 --> 00:20:42,040 tough. An executive order, just just to 422 00:20:42,040 --> 00:20:47,040 be very clear, does not mean they can spend money like they 423 00:20:47,040 --> 00:20:49,320 can't spend like you actually spend money. 424 00:20:49,320 --> 00:20:51,560 You have to, you have to get it through Congress and and the 425 00:20:51,560 --> 00:20:54,400 Senate. So the only way that they could 426 00:20:54,400 --> 00:20:58,040 do it via an executive order would be that via this, this 427 00:20:58,040 --> 00:21:00,720 slice of the, the Treasury called the ESF, they'd have to 428 00:21:00,720 --> 00:21:05,720 sell gold holdings to buy, to buy Bitcoin. 429 00:21:05,720 --> 00:21:08,640 But they're not set like there is no chance in hell they're 430 00:21:08,640 --> 00:21:12,200 sending gold holdings to buy ADA, like no chance in hell. 431 00:21:12,520 --> 00:21:16,080 But they like maybe they could get away with doing it for 432 00:21:16,080 --> 00:21:17,320 Bitcoin. But even then, I think that's 433 00:21:17,320 --> 00:21:18,480 going to be very, very difficult. 434 00:21:19,960 --> 00:21:23,040 I think the most likely scenario is that they get this status, 435 00:21:23,600 --> 00:21:28,400 they get some form of maybe like participation from the US in the 436 00:21:28,400 --> 00:21:32,360 network or they get some form of tax breaks for being there. 437 00:21:32,920 --> 00:21:35,040 I don't know if it will extend to capital gains, but they'll 438 00:21:35,040 --> 00:21:37,360 probably get, you know, maybe there's some of the benefit for 439 00:21:37,360 --> 00:21:40,880 being US based. And. 440 00:21:40,880 --> 00:21:43,120 Then maybe down the line of sovereign wealth fund. 441 00:21:43,920 --> 00:21:45,920 I'm still not sure how the. Sovereign wealth fund will be 442 00:21:45,920 --> 00:21:47,800 funded. There's some talk about again, 443 00:21:47,800 --> 00:21:53,200 like they may have to issue debt, like maybe gold backed 444 00:21:53,200 --> 00:21:57,080 debt to buy things, but which may be more palatable, you know, 445 00:21:57,520 --> 00:22:01,240 maybe they issue some bonds based on the gold, but I think I 446 00:22:01,240 --> 00:22:04,280 think that's going to be a little bit difficult or they or 447 00:22:04,280 --> 00:22:05,560 they maybe get some from tariffs. 448 00:22:05,560 --> 00:22:07,720 There's been some talk about like the sovereign wealth fund 449 00:22:07,720 --> 00:22:11,560 gets gets funded from tariffs, but we're we're not talking 450 00:22:11,560 --> 00:22:13,120 about like hundreds of billions there. 451 00:22:13,120 --> 00:22:16,360 We're probably talking about like tariffs are probably going 452 00:22:16,360 --> 00:22:20,880 to make in the 10s of billions a year of revenue for the US. 453 00:22:20,880 --> 00:22:24,680 So the idea that that that would then turn into like, and then 454 00:22:24,760 --> 00:22:27,040 what percentage of that is going to go to crypto versus other 455 00:22:27,040 --> 00:22:32,200 things is is difficult to judge. So, but what I do think is if 456 00:22:32,200 --> 00:22:35,520 they get this status, you may see other countries. 457 00:22:36,560 --> 00:22:38,760 Other. Countries move more quickly to 458 00:22:38,760 --> 00:22:41,560 buy Bitcoin. The thing the thing about the US 459 00:22:41,560 --> 00:22:45,960 is it is kind of hamstrung in its, you know, it has three 460 00:22:45,960 --> 00:22:49,280 different governmental bodies really, right? 461 00:22:49,280 --> 00:22:51,920 It has the executive executive office, it has Congress, it has 462 00:22:51,920 --> 00:22:53,600 the Senate. So like the idea that like this 463 00:22:53,840 --> 00:22:55,560 can happen, it's going to be a little bit more difficult. 464 00:22:56,240 --> 00:22:58,920 If the UAE wants to buy some Bitcoin on the back, they can 465 00:22:58,920 --> 00:23:00,880 just do. It over overnight, it'll get 466 00:23:00,920 --> 00:23:03,920 done. If Russia wants to do it, it'll 467 00:23:03,920 --> 00:23:07,040 get done. If China wants to do it, get 468 00:23:07,040 --> 00:23:09,440 done. So weirdly, I think getting 469 00:23:09,440 --> 00:23:13,120 bullish around the the EU s s involvement in this. 470 00:23:13,120 --> 00:23:15,120 Like I actually think when you go through the stages of how 471 00:23:15,120 --> 00:23:18,440 this could be done, it's like it's almost infeasible how they 472 00:23:18,440 --> 00:23:20,560 would actually end up holding these rather than just like 473 00:23:20,560 --> 00:23:24,520 confiscating them. But what I think it does set is 474 00:23:24,920 --> 00:23:31,200 a bit of a, a global arms race for these assets, particularly 475 00:23:31,200 --> 00:23:33,560 Bitcoin. And I think This is why Bitcoin 476 00:23:33,560 --> 00:23:35,760 dominance I think has gone up even higher afterwards as well, 477 00:23:35,760 --> 00:23:41,880 because I don't think the UAE buys ADA, even if it's a 478 00:23:41,880 --> 00:23:43,240 strategic. You think it might? 479 00:23:43,240 --> 00:23:45,480 Buy Bitcoin if it's a strategic asset in the US and I think 480 00:23:46,160 --> 00:23:49,640 Russia might, I think China might, you know, China has huge 481 00:23:49,640 --> 00:23:51,760 mining capabilities. Maybe they get involved in 482 00:23:51,760 --> 00:23:53,640 mining. Maybe they encourage their 483 00:23:53,760 --> 00:23:58,760 government owned entities to to to own Bitcoin like so I think 484 00:23:58,760 --> 00:24:01,840 this still is really strong for Bitcoin over everything else. 485 00:24:03,760 --> 00:24:08,120 And I I think, yeah, like when you go through the motions, it's 486 00:24:08,120 --> 00:24:13,840 very, very unlikely that I think any tax dollars or gold will be 487 00:24:13,840 --> 00:24:18,800 sold to buy all coins. Yeah, I, it makes sense. 488 00:24:18,800 --> 00:24:21,240 I mean, at the end they Bitcoin is king and clearly it's shown 489 00:24:21,360 --> 00:24:25,360 its hand over the last what we pumped and I went to bed alls 490 00:24:25,360 --> 00:24:28,080 were OK ish. And then woke up and I mean, you 491 00:24:28,080 --> 00:24:30,000 text me about like Sonic and stuff and I was like I woke up 492 00:24:30,000 --> 00:24:33,120 and it was like everything's like down 10% with Bitcoin still 493 00:24:33,120 --> 00:24:36,320 up above 90 K. So it, I think it shows here 494 00:24:37,080 --> 00:24:40,360 that BTCD is, is, is still king here. 495 00:24:40,360 --> 00:24:42,240 Mandel, quickly because I know you got to leave in 5 minutes 496 00:24:42,240 --> 00:24:43,840 and we'll go back to the topics today. 497 00:24:44,720 --> 00:24:47,320 What's your outlook on the market now like is this, is this 498 00:24:47,320 --> 00:24:49,440 a suckers rally? What is it? 499 00:24:49,480 --> 00:24:52,360 What is it did this believe? It felt is it? 500 00:24:52,360 --> 00:24:53,920 Is it? We're either at the stage that 501 00:24:53,920 --> 00:24:56,440 it'll feel like the rest or is this a suckers rally? 502 00:24:56,440 --> 00:24:59,000 This is, you know, what do you, what do we think here? 503 00:24:59,000 --> 00:25:03,240 We do have the Crypto Summit on Friday, so lots of excitement 504 00:25:03,240 --> 00:25:06,960 around that. I it's very difficult to work 505 00:25:06,960 --> 00:25:08,960 out like where the misconceptions lie because I can 506 00:25:08,960 --> 00:25:10,720 tell you something like this and we can all be like, OK, well, 507 00:25:10,720 --> 00:25:12,440 that's, yeah, that's probably the most likely thing to happen. 508 00:25:12,440 --> 00:25:15,120 But if your Uber driver thinks that the Fed's going to print 509 00:25:15,120 --> 00:25:17,640 money to buy XRP, like we may just be living in a different 510 00:25:17,640 --> 00:25:18,960 reality. It's still difficult for me to 511 00:25:18,960 --> 00:25:24,200 know like what people actually think will happen here, but I 512 00:25:24,200 --> 00:25:26,840 also there there's obviously like quite a lot of uncertainty 513 00:25:26,840 --> 00:25:28,640 here. Like I'm saying, the most likely 514 00:25:28,640 --> 00:25:32,200 way that they would buy Bitcoin would be via a sovereign wealth 515 00:25:32,200 --> 00:25:37,360 fund, which would probably have to issue debt or maybe sold some 516 00:25:37,360 --> 00:25:40,200 like real estate. Maybe like I don't know what 517 00:25:40,200 --> 00:25:43,200 assets would be donated into that fund and whether they could 518 00:25:43,360 --> 00:25:48,440 raise debt against it. But like that's, but that, that 519 00:25:48,440 --> 00:25:50,840 feels very different than I think what some people are 520 00:25:50,840 --> 00:25:58,200 talking about here. And so I I would probably be 521 00:25:58,200 --> 00:26:02,720 fading 60% moves in Ada, let's put it that way. 522 00:26:04,600 --> 00:26:07,440 I. Don't I don't think I just don't 523 00:26:07,440 --> 00:26:12,440 see a world where that really happens other than than than 524 00:26:12,520 --> 00:26:15,480 maybe tax breaks for the alt coins is probably like my 525 00:26:15,480 --> 00:26:21,080 biggest bull case. But in terms of the global arms 526 00:26:21,080 --> 00:26:24,480 race, I think that really even if it doesn't happen in the US, 527 00:26:24,480 --> 00:26:26,880 even if the US doesn't, just ends up confiscating the Bitcoin 528 00:26:26,880 --> 00:26:29,120 that it has and says, look, this is going to form part of the 529 00:26:29,120 --> 00:26:31,000 treaty reserve. And then in the future it says 530 00:26:31,000 --> 00:26:33,680 any, any Bitcoin we confiscate will just be kept. 531 00:26:35,680 --> 00:26:37,400 I think I think other countries should buy Bitcoin. 532 00:26:39,440 --> 00:26:42,000 Yeah. Yeah, that makes, that makes 533 00:26:42,000 --> 00:26:44,000 perfect sense. So we'll see where that takes 534 00:26:44,000 --> 00:26:45,160 us. But yeah, Bitcoins definitely 535 00:26:45,160 --> 00:26:49,480 was that was the that was the move of the weekend. 536 00:26:49,480 --> 00:26:51,920 You'd love to see that. Markets are shaky right now when 537 00:26:51,920 --> 00:26:55,360 it comes to the rest, but looks like we're good on on the 538 00:26:55,360 --> 00:26:59,880 Bitcoin front for now. Each I mean one of the. 539 00:26:59,880 --> 00:27:03,680 Takeaways is like did did this just kind of cement 78 K as the? 540 00:27:04,880 --> 00:27:08,000 Bottom or 88? K, right. 541 00:27:09,680 --> 00:27:12,960 Like if you actually take a look, take a look back like it 542 00:27:12,960 --> 00:27:16,480 kind of that's kind of just a deviation below that 88K level 543 00:27:16,480 --> 00:27:20,120 of support. Yeah. 544 00:27:20,240 --> 00:27:23,120 Deviation, bruv. You know, 88 K was the Yeah, 545 00:27:23,120 --> 00:27:24,840 whatever that. Means we kind of held it. 546 00:27:24,880 --> 00:27:27,920 So. We didn't hold the 88 K pretty 547 00:27:27,920 --> 00:27:28,880 well. It looks pretty good. 548 00:27:28,880 --> 00:27:30,400 I think Bitcoin looks pretty good to me. 549 00:27:30,760 --> 00:27:35,800 Yeah, I really don't think. Any buys in the 80s will age 550 00:27:35,800 --> 00:27:37,480 well. Yeah, I really. 551 00:27:37,480 --> 00:27:39,240 Don't think you're heading to 75 K Bitcoin. 552 00:27:39,760 --> 00:27:42,400 We just. Did 78 like if everyone's 553 00:27:42,400 --> 00:27:44,920 expecting 70 usually get people were calling. 554 00:27:44,920 --> 00:27:47,920 For 69 to 75 K, yeah, but that's. 555 00:27:47,920 --> 00:27:49,720 Keyboard monkey. No, it wasn't. 556 00:27:49,720 --> 00:27:52,760 Just keyboard monkey, right? I think my answer I think the 557 00:27:52,760 --> 00:27:57,280 number one KOL in the whole of crypto is calling for 75 K 558 00:27:57,280 --> 00:27:58,600 Bitcoin. I I like these. 559 00:27:58,600 --> 00:28:01,280 Individuals like as people, all of them. 560 00:28:01,280 --> 00:28:01,880 I'm not. I'm not. 561 00:28:01,880 --> 00:28:04,200 Saying, I'm just trying to say it like people were saying that 562 00:28:04,520 --> 00:28:05,760 something gets the guy's character. 563 00:28:05,760 --> 00:28:10,200 I'm just saying big, big people said we were going much lower. 564 00:28:10,600 --> 00:28:13,440 I know. No, I know like Evan on some 565 00:28:13,800 --> 00:28:17,800 Arthur, a lot of the a lot of the like you said, the bigger 566 00:28:17,800 --> 00:28:20,760 like, you know, multi cycle guys has been around a little longer. 567 00:28:20,920 --> 00:28:22,040 Like they they all called for a little bit. 568 00:28:22,040 --> 00:28:23,840 If you got 78, like how much lower do you want to go? 569 00:28:23,840 --> 00:28:30,840 Like we're from 99.5 K on Friday by Friday to 78 K on the Friday 570 00:28:30,840 --> 00:28:34,520 after one week. One thing you should. 571 00:28:34,520 --> 00:28:38,080 Just be cognizant of is that like it doesn't when Bitcoin 572 00:28:38,080 --> 00:28:41,800 does this goes, moves 20% and then back 10%, it's going to be 573 00:28:41,800 --> 00:28:44,920 very volatile. So like, again, take profits if, 574 00:28:45,160 --> 00:28:52,920 if they're in hand, don't FOMO, really don't FOMO. 575 00:28:53,040 --> 00:28:58,760 But just, I always say it, but like we, we were just talking 576 00:28:58,760 --> 00:29:01,560 about it on Friday, you know, just like buy stuff when 577 00:29:01,560 --> 00:29:06,400 everyone's like, I do not want to own anything Well, Friday. 578 00:29:06,400 --> 00:29:08,480 With the Fear and Greed index, Tyler 10. 579 00:29:09,200 --> 00:29:10,920 How obvious. In hindsight, right? 580 00:29:10,920 --> 00:29:13,320 Like, in hindsight, yeah, that played out well. 581 00:29:13,400 --> 00:29:16,080 And I was buying it. When it was high, right, Like I 582 00:29:16,080 --> 00:29:17,720 was buying it when the fear and greed hit 20, right? 583 00:29:17,720 --> 00:29:20,520 And it was at 88 and then of course about 86 and then 84 and 584 00:29:20,520 --> 00:29:29,120 then 78. And like feels like, yeah, it's 585 00:29:29,120 --> 00:29:31,520 not a bad, not a bad thing to do. 586 00:29:31,520 --> 00:29:34,720 So like there are certain buy good things on bad days is 587 00:29:34,720 --> 00:29:37,080 basically what I'm saying. Like I don't really think, I 588 00:29:37,080 --> 00:29:39,640 think Bitcoin, Bitcoins kind of in a little bit of a no man's 589 00:29:39,640 --> 00:29:41,440 land here. Like maybe you buy it right now 590 00:29:41,440 --> 00:29:46,480 because it just retraced a little bit, but it's not like 591 00:29:46,480 --> 00:29:49,040 screaming either direction. It's. 592 00:29:49,040 --> 00:29:50,600 Just at the bottom of that original range. 593 00:29:50,600 --> 00:29:53,000 Now remember that range is like between 90 and one O 4. 594 00:29:53,000 --> 00:29:55,240 It's literally just that it's hanging at the bottom of that 595 00:29:55,240 --> 00:29:56,200 now. Just chop now. 596 00:29:56,200 --> 00:29:59,280 It could chop now until until we get more clarity on what it's 597 00:29:59,280 --> 00:30:00,560 going to be. So this is the original. 598 00:30:00,560 --> 00:30:02,880 Range. This is the range, the famous 599 00:30:02,880 --> 00:30:04,360 range, right? It's tracking the range. 600 00:30:04,720 --> 00:30:06,920 Yeah, it went. Slightly under, people thought 601 00:30:06,920 --> 00:30:10,640 75, but we got 78, which is pretty close and now we're just 602 00:30:10,640 --> 00:30:12,000 back there. We're just literally back a 603 00:30:12,000 --> 00:30:18,160 little slightly under the range, so see where that takes us. 604 00:30:18,920 --> 00:30:22,080 But even Solana, I mean, it looks better 158 than it did at 605 00:30:22,080 --> 00:30:25,520 1:20. You know, it was bleeding. 606 00:30:25,960 --> 00:30:28,280 Question for you guys. Did any of them like on the meme 607 00:30:28,280 --> 00:30:29,560 side on Solana, did we see any relief? 608 00:30:29,560 --> 00:30:32,040 I didn't pay attention at all. Memes. 609 00:30:32,160 --> 00:30:34,560 Memes less so. AI, interestingly, has had a 610 00:30:34,560 --> 00:30:38,160 much stronger bounce than than memes. 611 00:30:40,160 --> 00:30:41,480 Solana. Solana AI. 612 00:30:42,200 --> 00:30:44,920 Solana AI Tyler, I mean your your eyes are always on that. 613 00:30:44,960 --> 00:30:47,720 How's that doing now? Actually, a lot of the gains are 614 00:30:47,720 --> 00:30:51,920 giving back, but in the in the news yesterday, a lot of them 615 00:30:51,920 --> 00:30:55,920 are up 20 to 40%. Falcorn's still up 33%, but it's 616 00:30:55,920 --> 00:30:57,240 giving back some gains right now. 617 00:30:57,840 --> 00:31:06,120 Arc was up 20%, AI 16, Z was up 10 to 15%, whereas like Virtuals 618 00:31:06,120 --> 00:31:09,920 was up like 3%. Yeah, Virtuals already is back 619 00:31:09,920 --> 00:31:11,560 red actually. Wow. 620 00:31:12,280 --> 00:31:16,840 NA. XPT is back red so yeah it 621 00:31:17,800 --> 00:31:19,560 doesn't feel like they're coming back. 622 00:31:20,680 --> 00:31:24,840 Like there's this is not the sector to FOMO into right now. 623 00:31:24,840 --> 00:31:27,640 Like you can build positions over time. 624 00:31:28,760 --> 00:31:31,640 I don't think you want to buy the RIP candles necessarily, 625 00:31:31,640 --> 00:31:35,960 especially ones that don't come on in the back of any news, but 626 00:31:36,160 --> 00:31:39,880 they're sticking around, which I think is a sign of optimism. 627 00:31:39,880 --> 00:31:43,240 I think for the rest of the mean board, those that was the 628 00:31:43,240 --> 00:31:46,880 biggest mover, it was up like 6 or 7% on the back, but nothing 629 00:31:46,880 --> 00:31:49,720 really had much more than that. Joe Trump was up a lot briefly, 630 00:31:50,560 --> 00:31:52,360 but I think it's starting to get back as well. 631 00:31:57,240 --> 00:32:00,680 OK, that's that's good. I mean, look, yeah, someone's 632 00:32:00,680 --> 00:32:03,200 asking, discuss. MST are not buying any of that. 633 00:32:03,200 --> 00:32:05,040 I don't know why this guy doesn't just wait for the dip, 634 00:32:05,040 --> 00:32:07,400 but it is what it is. I mean, it's insane to me. 635 00:32:07,400 --> 00:32:08,840 Like, I have a question, like honest question. 636 00:32:08,840 --> 00:32:11,120 Like if you're Michael Saylor, you have like technically 637 00:32:11,120 --> 00:32:16,240 speaking, you have a share, you have a you owe it to your 638 00:32:16,560 --> 00:32:17,640 investors. What's it called? 639 00:32:18,160 --> 00:32:21,000 Duty. It's not duty is the word but. 640 00:32:23,040 --> 00:32:26,240 Yeah, fiduciary. Duty just have fiduciary duty to 641 00:32:26,800 --> 00:32:30,640 invest like wisely ish I'm not saying like everyone could have 642 00:32:30,640 --> 00:32:32,920 timed this talk but it feels like a lot of people could like 643 00:32:33,000 --> 00:32:35,280 at that level you have quants that are like funky next level 644 00:32:35,280 --> 00:32:38,160 quants like you know to pay 10s of millions of dollars to their 645 00:32:38,160 --> 00:32:40,280 job. Don't you wait. 646 00:32:41,480 --> 00:32:44,400 It feels like he. Telegraphs the moves a lot, but 647 00:32:44,400 --> 00:32:47,440 at the same time it also feels like the market responds now to 648 00:32:47,480 --> 00:32:49,280 his to. His buys, yeah. 649 00:32:49,400 --> 00:32:51,280 So it's like bigger. He's waiting. 650 00:32:51,400 --> 00:32:54,200 Until he bought and then sell off took place. 651 00:32:54,760 --> 00:32:56,920 OK. I mean, it is tough like I was 652 00:32:56,920 --> 00:32:59,680 kind of joking about this morning, but my God, man, like 653 00:32:59,680 --> 00:33:04,080 you could have gotten a 15% better entry on 2 billion if you 654 00:33:04,080 --> 00:33:08,880 just waited five days last week. So maybe you don't. 655 00:33:08,880 --> 00:33:10,560 You don't have to deploy all in one chunk. 656 00:33:10,560 --> 00:33:11,840 I don't. I mean, I don't know the the 657 00:33:11,840 --> 00:33:13,760 rules and everything, but yeah, it does. 658 00:33:14,120 --> 00:33:17,760 It does seem wild. If we hold 88 K this week, I 659 00:33:17,760 --> 00:33:20,080 think we're going to be feeling good after last week. 660 00:33:20,960 --> 00:33:22,240 Yeah. Just back. 661 00:33:22,240 --> 00:33:25,240 In the range, I think we'll we'll be good enough for the 662 00:33:25,240 --> 00:33:27,800 near future, but we've got catalysts. 663 00:33:28,120 --> 00:33:31,640 So today, 1:30 Eastern, the president's announcing an 664 00:33:31,640 --> 00:33:35,440 investment decision. So we have no idea what that is. 665 00:33:36,000 --> 00:33:39,680 So, so stay tuned to find out. And then Friday, first ever 666 00:33:39,680 --> 00:33:42,800 crypto summit. So I think there's already been 667 00:33:42,800 --> 00:33:47,680 chatter about like will we pump into that summit on Friday and 668 00:33:47,680 --> 00:33:49,960 then will Friday be another sell the news event? 669 00:33:51,120 --> 00:33:56,880 So I think expect more it it also seems I think Powell, 670 00:33:57,000 --> 00:33:59,520 Powell is talking Friday. So Friday's got the double. 671 00:33:59,560 --> 00:34:03,920 It's got the the Crypto Summit and a Powell speech. 672 00:34:05,360 --> 00:34:08,239 Someone's saying guys SPX they smashed all memes yesterday. 673 00:34:08,239 --> 00:34:09,639 Why faded? First of all, it didn't. 674 00:34:10,400 --> 00:34:12,600 AI 16 seems far. Coin moved more than SPX which 675 00:34:12,600 --> 00:34:16,960 is back down to 560,000,000. Second of all, nobody's fading 676 00:34:16,960 --> 00:34:18,679 stuff because you're buying it. Because we're not talking about 677 00:34:18,679 --> 00:34:19,600 it, because we don't give a fuck. 678 00:34:19,840 --> 00:34:21,560 There's like a million other memes to talk about and more 679 00:34:21,560 --> 00:34:23,440 important news. Just wanted to put that out 680 00:34:23,440 --> 00:34:27,360 there. It smashed every meme yesterday, 681 00:34:27,360 --> 00:34:29,880 bro. The average AI meme moved more 682 00:34:29,880 --> 00:34:31,000 than that. And I don't even hate it. 683 00:34:31,000 --> 00:34:33,000 I'm just saying we talked about SPX on Friday. 684 00:34:33,360 --> 00:34:36,520 Anyways, Tyler, what else do we have? 685 00:34:36,520 --> 00:34:39,000 Feels like we have a lot, we have time and we have a lot to 686 00:34:39,000 --> 00:34:40,840 talk about. Yeah. 687 00:34:41,000 --> 00:34:43,800 Should we talk about the the crypto Summit here? 688 00:34:43,800 --> 00:34:45,320 The hell yeah. I mean, what do we? 689 00:34:45,440 --> 00:34:48,320 Know right, it's like. We know a decent amount. 690 00:34:48,320 --> 00:34:52,120 We got a decent release here. So it's happening this Friday. 691 00:34:53,239 --> 00:34:56,920 Attendees include prominent founders, CEOs and investors 692 00:34:56,920 --> 00:35:00,520 from the crypto industry, as well as the president's working 693 00:35:00,520 --> 00:35:02,880 group on digital assets. It's going to be chaired by 694 00:35:02,880 --> 00:35:08,520 David Sacks, our crypto czar, administered by Bo Hines, who is 695 00:35:08,520 --> 00:35:09,920 the working group's executive director. 696 00:35:09,920 --> 00:35:17,360 So, so those two are going to be running the show, given we don't 697 00:35:17,360 --> 00:35:19,400 know a whole lot else than that based on the announcement. 698 00:35:19,400 --> 00:35:22,280 But what Sacks has kind of come out and said he he's been 699 00:35:22,280 --> 00:35:24,920 responding to the criticism on on the strategic reserve 700 00:35:24,920 --> 00:35:27,160 already. And he said this morning like, 701 00:35:27,160 --> 00:35:29,040 hey, we're not going to use taxpayer dollars. 702 00:35:29,040 --> 00:35:31,400 Like, like, where are you getting that from? 703 00:35:31,400 --> 00:35:34,200 So I yeah, that news was. Weird that that thing was weird, 704 00:35:34,680 --> 00:35:36,480 so I do. Think we should expect a little 705 00:35:36,480 --> 00:35:40,360 bit more clarity about that. So it's about 25 people I heard. 706 00:35:40,360 --> 00:35:42,240 Is that what it is? Yeah, I haven't seen. 707 00:35:42,240 --> 00:35:44,680 Numbers and that's going to be a tough, I would imagine that's 708 00:35:44,680 --> 00:35:47,360 like not the easiest room to get into, I know. 709 00:35:48,200 --> 00:35:51,720 But that yeah, yeah, it's fucking great. 710 00:35:51,720 --> 00:35:54,040 So the news cycle started with that this weekend, right? 711 00:35:54,040 --> 00:35:57,240 It was the first thing. It was Friday night that this 712 00:35:57,240 --> 00:36:00,760 happened and we saw the news. I don't know, man. 713 00:36:00,760 --> 00:36:04,000 I mean, what do you what? So surely, like the 714 00:36:04,000 --> 00:36:05,840 announcements that came this weekend are in line with the 715 00:36:05,840 --> 00:36:08,640 summit being Friday. So you have to assume that there 716 00:36:08,640 --> 00:36:15,160 will be some talk of a reserve. I think so. 717 00:36:15,160 --> 00:36:20,320 But I think like I think you buy dips, especially today. 718 00:36:20,320 --> 00:36:25,240 I'm going to after the show, I'm going to buy a few dips spot and 719 00:36:25,240 --> 00:36:27,560 you sell into Friday probably unless the Friday news is 720 00:36:27,560 --> 00:36:30,240 fucking insane. But it's giving me vibes of 721 00:36:30,240 --> 00:36:33,280 like, hey, Monday dump from the Monday from the Sunday move, 722 00:36:33,280 --> 00:36:35,920 like ETH gave it all back, for example, so long. 723 00:36:35,920 --> 00:36:38,440 I give half of it back. Bitcoin give just 50% back, 724 00:36:38,440 --> 00:36:43,040 maybe a little less than that. And then you probably like, I 725 00:36:43,040 --> 00:36:44,920 mean, there's going to be so much speculation around Friday, 726 00:36:44,960 --> 00:36:46,600 right? It's like it's, it's a crypto 727 00:36:46,600 --> 00:36:48,000 summit. It's not a crypto NAI. 728 00:36:48,000 --> 00:36:50,160 It's a crypto summit, Yeah. And. 729 00:36:50,560 --> 00:36:53,040 And we know like this, this crypto working group has been 730 00:36:53,040 --> 00:36:55,560 tasked with AI, think I developed policies and 731 00:36:55,560 --> 00:36:59,720 frameworks for the industry. Another bullet point on their 732 00:36:59,720 --> 00:37:04,560 list is the strategic reserve. They've got 90 or 180 days, I 733 00:37:04,560 --> 00:37:07,160 forget off the top of my head to develop that plan. 734 00:37:07,760 --> 00:37:11,840 So the clock is ticking. So I think you can expect 735 00:37:11,840 --> 00:37:13,560 progress on at least one of those. 736 00:37:13,960 --> 00:37:17,080 And it's not, you know, a huge jump to think they're going to 737 00:37:17,080 --> 00:37:21,200 talk about both, right? So I think we should expect some 738 00:37:21,200 --> 00:37:22,840 some news out of that. But again, it's going to be a 739 00:37:22,840 --> 00:37:25,440 very volatile day with Powell's conversation on Friday as well. 740 00:37:25,440 --> 00:37:29,280 So if Powell perhaps shifts more dovish. 741 00:37:29,440 --> 00:37:31,600 So I think we saw those trueflation numbers going 742 00:37:31,600 --> 00:37:33,440 around. I don't know exactly how 743 00:37:33,440 --> 00:37:36,120 trueflation kind of fits in. I've seen some flood around it, 744 00:37:36,840 --> 00:37:40,400 but Trueflation showing that the the inflation numbers are lower, 745 00:37:40,840 --> 00:37:45,640 like at 1.5%. So that's another wild card. 746 00:37:46,600 --> 00:37:51,360 And added to volatility on Friday is the PAL conversation. 747 00:37:52,200 --> 00:37:57,920 So it's a big day. We're going to see a lot leading 748 00:37:57,920 --> 00:38:02,160 up to that this week, yeah. It's going to be one thing's for 749 00:38:02,160 --> 00:38:06,040 sure is it's going to be a very volatile week, week again. 750 00:38:06,040 --> 00:38:08,280 So be careful. Don't. 751 00:38:09,320 --> 00:38:12,400 I wouldn't. I wouldn't. 752 00:38:12,960 --> 00:38:16,040 I hope people aren't leveraging or like listening saying you 753 00:38:16,040 --> 00:38:19,360 should leverage. I had fun trading spot this week 754 00:38:19,680 --> 00:38:23,640 in size and it felt nice because it's like worst case I'm down, 755 00:38:23,640 --> 00:38:25,120 but it's spot so I'll be up over. 756 00:38:25,120 --> 00:38:26,680 Just hold up. The time. 757 00:38:27,240 --> 00:38:30,080 Best case, I make money. So the best case, the better 758 00:38:30,080 --> 00:38:32,760 case happened. But like it's like worst case. 759 00:38:32,880 --> 00:38:34,880 So for a moment I was a little down and like, OK, it's OK 760 00:38:34,880 --> 00:38:36,560 because it's spot, you know what I mean? 761 00:38:36,560 --> 00:38:39,600 And you're not paying funding fees, which kind of sucks and 762 00:38:39,600 --> 00:38:41,240 you don't you're not going to get, you know, wrecked by an 763 00:38:41,240 --> 00:38:44,720 exchange down the line. So good thing to mark what else? 764 00:38:44,720 --> 00:38:47,000 I feel like there was even more going on this weekend. 765 00:38:47,440 --> 00:38:49,480 Well, the. BlackRock model portfolio, we 766 00:38:49,480 --> 00:38:51,280 talked about that a little bit on Friday. 767 00:38:51,760 --> 00:38:54,880 I do think it's worth bring it back up. 768 00:38:54,880 --> 00:38:56,960 I just sent you the link. So I. 769 00:38:56,960 --> 00:38:58,440 Was looking for that. There you go. 770 00:38:58,480 --> 00:39:01,480 OK, yeah, you got it. Added their Bitcoin. 771 00:39:01,480 --> 00:39:03,880 ETF to the model portfolio. So what does that mean? 772 00:39:04,320 --> 00:39:07,240 So the model. Portfolio is effectively like 773 00:39:07,240 --> 00:39:10,000 their official portfolio of investments. 774 00:39:10,480 --> 00:39:14,640 And the reason that matters is it's copy treated so like other 775 00:39:14,640 --> 00:39:18,080 funds. Imagine in your mid, your mid 776 00:39:18,080 --> 00:39:23,480 level investment fund who sits in Oklahoma or just like middle 777 00:39:23,480 --> 00:39:26,120 America, right? Smaller assets under management. 778 00:39:26,520 --> 00:39:29,240 They're trying to figure out, you know, how the hell they're 779 00:39:29,240 --> 00:39:32,480 going to invest this money. And all right, you know, here's 780 00:39:32,480 --> 00:39:35,280 Blackrock's model portfolio. Like let's take a look at that. 781 00:39:36,200 --> 00:39:41,720 And now for the first time, A1 to 2% allocation to, to Bitcoin 782 00:39:41,840 --> 00:39:46,240 via the ETF. So like this is where to me, you 783 00:39:46,240 --> 00:39:50,280 really start to unlock that What I call is like the infinite swap 784 00:39:50,680 --> 00:39:55,880 where on a a weekly basis, monthly basis, the the 785 00:39:55,880 --> 00:39:58,480 investment money starts trickling in. 786 00:39:59,040 --> 00:40:00,880 Like this is not something that's going to pump the price 787 00:40:00,880 --> 00:40:06,080 this week or this month, but it is that, you know, using that 788 00:40:06,080 --> 00:40:10,000 the bitwise analogy, this is what makes it a cargo ship, 789 00:40:10,320 --> 00:40:12,720 right? And like the ship is going this 790 00:40:12,720 --> 00:40:18,440 direction now and it's harder to to veer the ship off course and 791 00:40:18,440 --> 00:40:19,840 it's got a lot more weight behind it. 792 00:40:19,840 --> 00:40:23,760 The ship's getting bigger. So I think this is such a big 793 00:40:23,760 --> 00:40:26,480 deal just because like, I just don't think people may even 794 00:40:26,480 --> 00:40:29,320 realize like. Investment managers, it's the 795 00:40:29,320 --> 00:40:31,800 same thing as like coaches in the NFL, like no one wants to 796 00:40:33,640 --> 00:40:36,040 make their own decisions. Everyone wants just to copy 797 00:40:36,040 --> 00:40:37,760 everyone else because that's the safer thing to do. 798 00:40:38,000 --> 00:40:41,120 Like you're going to keep your job by copying BlackRock. 799 00:40:42,760 --> 00:40:45,440 You're not like you make your own decision and you lose, 800 00:40:45,600 --> 00:40:47,360 you're going to lose your job, right? 801 00:40:47,640 --> 00:40:50,280 And some people are are willing to go do that, but in fact, the 802 00:40:50,280 --> 00:40:52,960 average is not. So that's why I feel like it's 803 00:40:52,960 --> 00:40:55,440 going to be copy treated so much and why it's such a big deal. 804 00:40:57,000 --> 00:40:58,840 And I feel like that's been overlooked, right? 805 00:40:58,960 --> 00:41:01,320 Everyone's keeps talking about like, what is the next bullish 806 00:41:01,320 --> 00:41:03,240 catalyst? Like we've got the strategic 807 00:41:03,240 --> 00:41:07,360 reserve. Like what could possibly be 808 00:41:07,360 --> 00:41:10,800 bigger than that? And I don't know. 809 00:41:10,800 --> 00:41:12,680 Here's one, here's one major headline. 810 00:41:12,720 --> 00:41:16,600 The biggest investment firm in in the US is now formally 811 00:41:16,600 --> 00:41:20,120 allocating 1%, one to 2% of their portfolio to Bitcoin. 812 00:41:20,800 --> 00:41:25,040 It's a big deal and it just opens the door, all of this to 813 00:41:25,040 --> 00:41:29,840 me, in aggregate, it opens the door for more investments in the 814 00:41:29,840 --> 00:41:34,200 crypto in the United States. Yeah, I think that's the I think 815 00:41:34,200 --> 00:41:36,760 that's what's still being overlooked, right? 816 00:41:36,760 --> 00:41:39,520 Like we don't know exactly what's going to come, but just 817 00:41:39,520 --> 00:41:43,920 the fact that money is pouring into this space means more 818 00:41:43,920 --> 00:41:46,720 people are going to start building in this space like 819 00:41:46,720 --> 00:41:48,240 that. That's that's my optimistic view 820 00:41:49,000 --> 00:41:50,880 of this. So I think that's where we can 821 00:41:50,880 --> 00:41:54,360 get surprise Catalyst from. Yeah, there's definitely going 822 00:41:54,360 --> 00:41:56,120 to be a lot going on. And again, but that's very 823 00:41:56,200 --> 00:41:58,720 Bitcoin focus, right? It's supposed to show you, man, 824 00:41:58,720 --> 00:42:00,840 fuck these dips, you want to really add as much Bitcoin as 825 00:42:00,840 --> 00:42:05,440 possible to feel the safest. It just always feels like the 826 00:42:05,440 --> 00:42:07,320 safest portfolio. Even if you think, yeah, Ether's 827 00:42:07,320 --> 00:42:10,240 a second or Solano's a thing or whatever, whatever you like, 828 00:42:10,240 --> 00:42:12,040 second, That's to the UPS, the people. 829 00:42:13,400 --> 00:42:15,800 It's always Bitcoin. It's wild. 830 00:42:16,480 --> 00:42:18,720 Everything else kind of give him, give him about the returns, 831 00:42:18,720 --> 00:42:20,120 All right? What about NF TS? 832 00:42:20,120 --> 00:42:21,680 We haven't talked about NF TS in a little bit. 833 00:42:21,760 --> 00:42:23,720 How are NF. TS doing NF. 834 00:42:23,760 --> 00:42:29,600 TS were up nicely today, green pretty much across the board. 835 00:42:30,040 --> 00:42:31,960 Looks like we're giving a little bit of a back now. 836 00:42:32,760 --> 00:42:36,560 They kind of moved in line with alts, so punks 35 1/2. 837 00:42:36,800 --> 00:42:40,120 Pingos were back over 10, now they're slightly below apes at 838 00:42:40,120 --> 00:42:43,000 14. Couple nice punk sales. 839 00:42:44,760 --> 00:42:46,360 Yeah, it was on the ape sale, right. 840 00:42:46,360 --> 00:42:48,120 That was I think that happened just a few days. 841 00:42:48,120 --> 00:42:51,440 Oh. I forget OV bought an ape, a ape 842 00:42:51,440 --> 00:42:54,680 punk, actually. So if you go to recent sales, it 843 00:42:54,680 --> 00:42:56,480 was this weekend. It's dude, I'm telling you. 844 00:42:56,480 --> 00:42:58,520 Like there was so much weird fuck we going on this weekend. 845 00:42:58,520 --> 00:43:00,360 Like you had the flash loans on the punks. 846 00:43:00,360 --> 00:43:03,800 That was like $50 million flash loans and ape sale, which 847 00:43:03,800 --> 00:43:05,400 usually starts with quite a bit of a run. 848 00:43:05,680 --> 00:43:07,720 And then you had all the news, like it's one of those weekends, 849 00:43:07,720 --> 00:43:08,600 you know? Yeah. 850 00:43:08,640 --> 00:43:09,760 And what? Are you talking about this? 851 00:43:10,160 --> 00:43:14,440 Yeah, there's a $2.2 million digital collectible sale, pretty 852 00:43:14,440 --> 00:43:17,520 big. The guy took a fat loss though, 853 00:43:18,120 --> 00:43:22,880 so it took 1000, a 1500 ETH loss, but you could argue just a 854 00:43:22,880 --> 00:43:25,560 $500,000 loss. But still like it's 1500 ETH 855 00:43:27,000 --> 00:43:29,480 that he lost on that sale since July 2022. 856 00:43:29,480 --> 00:43:35,000 So he held three years, 2 1/2 years and then sold it. 857 00:43:35,200 --> 00:43:37,240 It's not the best ape in the collection, but do you think 858 00:43:37,240 --> 00:43:42,760 this sale age as well? What? 859 00:43:42,760 --> 00:43:47,440 It's 1000 eighth and $2,000,000. Yeah, I was thinking about this. 860 00:43:47,440 --> 00:43:51,200 Does this age well? I I still like putting that 861 00:43:51,200 --> 00:43:55,160 money into the floor better from it, and that's more just because 862 00:43:55,160 --> 00:43:58,160 of the liquidity. But if you think the floor can 863 00:43:58,160 --> 00:44:02,480 get back to 250 K USD, have to assume it. 864 00:44:02,480 --> 00:44:04,600 An ape is worth more than 8X the floor. 865 00:44:05,280 --> 00:44:07,280 Yeah, apes were selling for about 10 million last cycle. 866 00:44:08,120 --> 00:44:11,880 So right now they're trading at 24202324 X. 867 00:44:11,880 --> 00:44:15,720 Like, literally. $10 million a year, three years ago, I think 868 00:44:15,720 --> 00:44:17,040 he could hit. A double on that, yeah. 869 00:44:18,160 --> 00:44:19,520 He can definitely hit a 2X on that. 870 00:44:20,360 --> 00:44:22,960 I guess it could be someone that's very like Rich and 871 00:44:22,960 --> 00:44:25,960 doesn't really. Yeah, like at this stage it's 872 00:44:25,960 --> 00:44:27,320 like you probably have so much more. 873 00:44:27,320 --> 00:44:31,000 It's not like he's full pointed like, you know, does that wall. 874 00:44:31,000 --> 00:44:32,600 Have other poxs? No. 875 00:44:32,600 --> 00:44:34,920 Nothing. It only has. 876 00:44:35,240 --> 00:44:36,840 It was only created to buy the tape. 877 00:44:37,000 --> 00:44:38,400 Yeah. From Coinbase. 878 00:44:38,400 --> 00:44:41,920 Look, Coinbase prime, yeah, only one transfer internally. 879 00:44:43,600 --> 00:44:48,440 Yeah, I know it was. It was only acquired for this, 880 00:44:49,200 --> 00:44:50,960 you know, it was fun to be a Coinbase. 881 00:44:52,240 --> 00:44:55,160 So too a liquid for. Me, but well. 882 00:44:56,360 --> 00:44:58,240 I was thinking the other day, that's why I put the thing on. 883 00:44:58,240 --> 00:45:00,560 I was like, do I buy 10 Bitcoin or do I like 10 punks? 884 00:45:01,760 --> 00:45:04,120 The answer is probably 5:00 and 5:00 for what it's worth. 885 00:45:04,600 --> 00:45:09,960 Yeah but but 80% of people trended towards 1010 Bitcoin. 886 00:45:11,120 --> 00:45:15,240 I should put 55 as an option if that mistake I I do think 1. 1 887 00:45:15,240 --> 00:45:18,440 is different question than 10 tens because with 10 ponks yeah 888 00:45:18,440 --> 00:45:20,480 but 10/10. Is high stakes it? 889 00:45:20,480 --> 00:45:22,080 Is right. No, I like that it, it makes it 890 00:45:22,080 --> 00:45:25,240 a more interesting conversation that the liquidity does come 891 00:45:25,240 --> 00:45:26,560 into issue a little bit more, right. 892 00:45:26,560 --> 00:45:31,280 It's going to be a little harder for you to unload 10 ponks than 893 00:45:31,280 --> 00:45:34,040 than Bitcoin. So like one punk you can 894 00:45:34,040 --> 00:45:38,880 probably get out of on the floor if it's decent within a few 895 00:45:38,880 --> 00:45:43,440 days. 10 like I mean, this last week we had a stretch where 896 00:45:43,440 --> 00:45:48,640 there was like 1 sale per day. So like it, it can be dry at 897 00:45:48,640 --> 00:45:53,160 times, but if you look at these recent sales, the last, the last 898 00:45:53,160 --> 00:45:55,720 two rows of sales are are sick. There's no. 899 00:45:55,760 --> 00:45:59,000 It's so nice because in dollar terms they're down so bad. 900 00:45:59,000 --> 00:46:02,600 So people with cash probably like they were down to like. 72 901 00:46:02,600 --> 00:46:05,160 K they might have got lower than that I saw. 72 K they're not. 902 00:46:05,160 --> 00:46:08,800 Much lower in ETH, right? It's really in dollars that they 903 00:46:08,880 --> 00:46:11,160 they got wrecked. But you got. 904 00:46:11,160 --> 00:46:15,040 This one's sick 3. D You got the the TR1 this. 905 00:46:15,040 --> 00:46:21,640 One this one this, this, this, this, this, this one that's nice 906 00:46:22,680 --> 00:46:25,760 3D punk I actually really like. I almost bought that floor 907 00:46:25,760 --> 00:46:27,920 yesterday because I was like, it's not really floor floor. 908 00:46:27,920 --> 00:46:29,920 It was like the cheapest, cheapest, cheapest punk on the 909 00:46:29,920 --> 00:46:33,400 floor like that. I don't know. 910 00:46:33,480 --> 00:46:36,280 It's it's interesting. The only issue, man, is this guy 911 00:46:38,200 --> 00:46:40,040 Ethereum. I mean, it doesn't help, right? 912 00:46:40,040 --> 00:46:42,280 It's in theorem assets. So it's a long on Ethereum, 913 00:46:42,280 --> 00:46:44,000 right? I think it's a long on culture 914 00:46:44,280 --> 00:46:46,800 funks, not just ETH. Personally speaking, that's me. 915 00:46:47,720 --> 00:46:50,920 But at the end of the day, it will be denominated in Ethereum. 916 00:46:52,640 --> 00:46:54,280 And that's what you're seeing happen right now. 917 00:46:54,280 --> 00:46:56,880 It's Ethereum floor prices holding and the dollar's 918 00:46:56,880 --> 00:47:01,400 fluctuating. Yeah, that is the biggest risk 919 00:47:01,400 --> 00:47:04,360 to it. So you you do need to have some 920 00:47:04,360 --> 00:47:06,960 level of conviction that ETH isn't just going to go. 921 00:47:09,360 --> 00:47:14,040 To 0 to buy the. Punks, but I don't know, I still 922 00:47:14,040 --> 00:47:16,960 feel like my I think my theories, my thesis stays where 923 00:47:16,960 --> 00:47:21,280 in a world where Bitcoin sends people are going to look for the 924 00:47:21,280 --> 00:47:24,000 scarce assets. And I do think even despite E 925 00:47:24,000 --> 00:47:26,800 flagging, I think people will. There will be a look to punks 926 00:47:27,600 --> 00:47:33,400 and hey, maybe why the AJ peg ETF from our old pals Van EC, 927 00:47:35,440 --> 00:47:37,880 the Lucas teasing dude. Let's see I think. 928 00:47:37,880 --> 00:47:40,240 It's going to be the NFTTFI. Just don't think it's going to 929 00:47:40,240 --> 00:47:42,800 be crypto. Sorry. 930 00:47:42,840 --> 00:47:45,960 Penguins only. I don't think it. 931 00:47:45,960 --> 00:47:47,480 Would be Penguins only. I think that would be it. 932 00:47:47,480 --> 00:47:49,240 Also like. If you were to have an ETF 933 00:47:49,240 --> 00:47:50,640 around NFTS, you have to have punks. 934 00:47:50,800 --> 00:47:52,200 It's like it's got to be, it's the main. 935 00:47:52,240 --> 00:47:55,520 Like it wouldn't make sense to be only one asset. 936 00:47:56,880 --> 00:47:59,040 I don't think it would. It should be like 60 to 70% 937 00:47:59,040 --> 00:48:00,680 punks. What do we think? 938 00:48:01,120 --> 00:48:12,680 If if we were to have if we were to have an NFT ETF, what do we 939 00:48:12,680 --> 00:48:15,200 think? Punks for Sure there's going to 940 00:48:15,200 --> 00:48:18,680 be Penguins because Vanek and Bitwise are both super like. 941 00:48:18,840 --> 00:48:22,240 I mean Vanek has had the pudgy Penguin PFP forever so you'd be 942 00:48:22,440 --> 00:48:23,560 it. It would actually probably be a 943 00:48:23,560 --> 00:48:26,400 Vanek filed ETF where Bitwise filed ETF in my opinion. 944 00:48:26,800 --> 00:48:30,200 Yeah, Punk's apes. Do we pudgy? 945 00:48:30,200 --> 00:48:32,960 Do we think there's an ape or? Apes. 946 00:48:32,960 --> 00:48:34,080 Yeah, I think they would have to be in there. 947 00:48:34,360 --> 00:48:36,960 OK. What else though it? 948 00:48:37,800 --> 00:48:39,840 Raises the question of like, are you going to include art or is 949 00:48:39,840 --> 00:48:42,960 it just going to be I think. I was about to say art over PF 950 00:48:42,960 --> 00:48:46,360 PS here. That makes it trickier. 951 00:48:46,960 --> 00:48:49,400 I think they would. Probably add a Rafiq if they 952 00:48:49,400 --> 00:48:52,280 were to add art just because of the MoMA shit. 953 00:48:53,800 --> 00:48:56,240 I don't know what, unless it's just a big basket of Penguins 954 00:48:56,240 --> 00:49:00,120 and punks and apes, but azuki? But if you put apes and 955 00:49:00,120 --> 00:49:02,720 Penguins, you have to put azuki. See, that's the tough part, man. 956 00:49:03,160 --> 00:49:05,280 Yeah. It it it really is tricky like 957 00:49:05,280 --> 00:49:07,760 when you when you go down the PFP route, but then the art 958 00:49:07,760 --> 00:49:09,040 route like are you doing one on ones? 959 00:49:09,040 --> 00:49:12,640 Are you only doing higher supply so bitwise? 960 00:49:12,640 --> 00:49:15,440 Has a blue cheap. Bitwise has a blue chip NFT 961 00:49:15,440 --> 00:49:17,480 index that they launched in 2021. 962 00:49:17,480 --> 00:49:20,720 See that's from 2021. That was the index back to have 963 00:49:20,720 --> 00:49:22,240 to be friends. That would definitely not make 964 00:49:22,240 --> 00:49:26,640 it this time. So that's what they had in 2021. 965 00:49:26,640 --> 00:49:28,720 That is OK guys. Like that doesn't mean Kongs. 966 00:49:29,440 --> 00:49:31,800 This was here. Yeah, Cyber Kongs, which by the 967 00:49:31,800 --> 00:49:33,440 way, Kraken just announced they beat the case. 968 00:49:33,440 --> 00:49:35,680 So I see dropped against Kraken. So I hope they drop against 969 00:49:35,680 --> 00:49:40,360 cyber Kong soon. But punks see that's what they 970 00:49:40,360 --> 00:49:42,240 would do. See that was 2021 though. 971 00:49:42,760 --> 00:49:44,160 That's the. Problem with actually. 972 00:49:44,200 --> 00:49:45,200 Autoglyphs. Perfect. 973 00:49:45,320 --> 00:49:52,320 That makes perfect sense. It does but like so like this is 974 00:49:52,320 --> 00:49:54,400 the problem with us creating this right now it's like 3 975 00:49:54,400 --> 00:49:57,160 years. If whatever list you create, 30 976 00:49:57,160 --> 00:49:59,120 to 40% of the list is going to be like out. 977 00:49:59,560 --> 00:50:01,240 I feel like they still. Have the fund right now, the 978 00:50:01,240 --> 00:50:10,640 index fund I I'm so curious. What they actually had, Yeah, 979 00:50:10,640 --> 00:50:12,160 it's on the. Website what the hell? 980 00:50:13,080 --> 00:50:16,560 Oh fuck I have to like apply. I just want to see it like what 981 00:50:16,560 --> 00:50:22,080 is this Oh my God -80% since substantion. 982 00:50:22,800 --> 00:50:24,120 Oh. No, Look at. 983 00:50:24,120 --> 00:50:26,480 That at least they're honest -40. 984 00:50:27,400 --> 00:50:30,920 Yikes, the index. Fund is down 80% since 20. 985 00:50:31,120 --> 00:50:33,840 Oh, there it is. OK, that's OK. 986 00:50:33,840 --> 00:50:35,800 So it's still the same. Oh, there it is. 987 00:50:35,840 --> 00:50:41,680 There it is. 50% punks, 14% apes, 14% pudgy, 5% mutants. 988 00:50:41,680 --> 00:50:43,640 See that? That's surprising to me because 989 00:50:43,640 --> 00:50:45,800 I feel you. Yeah, I'd rather have more apes 990 00:50:45,800 --> 00:50:48,880 than mutants. Right Quiggle, Milady, Uzuki, 991 00:50:48,880 --> 00:50:51,600 Lil pudgy captains. So here's what I would do. 992 00:50:51,640 --> 00:50:54,440 I would remove lils. I'll remove mutants. 993 00:50:57,960 --> 00:51:00,160 I would replace them with autoglyphs and fedenza. 994 00:51:02,680 --> 00:51:06,440 Yeah, problem with. Autoglyphs is. 995 00:51:06,440 --> 00:51:10,640 It's so liquid it's like hard to I know, but. 996 00:51:10,640 --> 00:51:12,720 These funds don't give. Maybe I don't know. 997 00:51:12,720 --> 00:51:14,480 Anyways, we're just speculating but I have a feeling this is 998 00:51:14,480 --> 00:51:17,400 going to happen. Like think about it, they filed 999 00:51:17,960 --> 00:51:21,160 ETF for every coin at the stage. There's like no more coins to 1000 00:51:21,160 --> 00:51:25,120 like add in terms of filings. It's really next thing you go 1001 00:51:25,120 --> 00:51:27,720 for ERC 721, right? Yeah, I mean. 1002 00:51:27,720 --> 00:51:29,640 Where everything's getting tokenized, everything's going to 1003 00:51:29,640 --> 00:51:31,120 get an ETF. It's just a matter of time. 1004 00:51:31,120 --> 00:51:34,200 They should add red. Guys and and and and rogue radio 1005 00:51:34,200 --> 00:51:35,880 on a TS. I do. 1006 00:51:36,520 --> 00:51:37,440 Yeah. There you go. 1007 00:51:39,280 --> 00:51:41,200 Well, this is great. So Kraken then then we're going 1008 00:51:41,200 --> 00:51:43,840 to go off announces that the SEC staff has agreed in principle to 1009 00:51:43,840 --> 00:51:46,760 dismiss his lawsuit against cracking with prejudice with no 1010 00:51:46,760 --> 00:51:49,520 admission of wrongdoing, no penalties paid and no changes to 1011 00:51:49,520 --> 00:51:53,640 his business. GGS G Oh, grifters. 1012 00:51:53,640 --> 00:51:56,160 Makes sense UIT port for X copy grifters that. 1013 00:51:56,720 --> 00:51:57,760 And that actually is a good call. 1014 00:51:58,200 --> 00:51:59,480 You're right. Sorry, I should have said X 1015 00:51:59,480 --> 00:52:00,480 copy. You're absolutely right. 1016 00:52:00,480 --> 00:52:01,800 I apologize. That's a good point. 1017 00:52:02,160 --> 00:52:03,760 It's Brett. Mass coming up. 1018 00:52:04,600 --> 00:52:06,680 You know Sam's he's up there, you know what I mean? 1019 00:52:07,200 --> 00:52:09,960 I guess like when you think ETFs, you think safer side 1020 00:52:09,960 --> 00:52:11,840 utility. That's tough dude. 1021 00:52:12,440 --> 00:52:13,920 That's going to be an interesting one man. 1022 00:52:14,080 --> 00:52:17,560 I think that would be really hard to pass though because the 1023 00:52:17,560 --> 00:52:19,800 ups and downs are insane. Like do you think you're you're 1024 00:52:19,800 --> 00:52:22,640 the person buying the E NFTTF will like the fact that Azuki 1025 00:52:22,640 --> 00:52:25,160 apes and punks or everything was like so much higher in 21. 1026 00:52:25,200 --> 00:52:28,120 Like he sees the things down 80% in 2-3 years. 1027 00:52:28,960 --> 00:52:31,720 That's just the indexer. Does he buy? 1028 00:52:31,720 --> 00:52:35,360 That I struggle a little bit with the pitch. 1029 00:52:36,520 --> 00:52:40,000 I struggle with the pitch as well, but hey, Lucas kind of 1030 00:52:40,000 --> 00:52:41,320 good at that. So we're going to, that's his 1031 00:52:41,320 --> 00:52:42,600 job and we'll leave it up to him. 1032 00:52:42,640 --> 00:52:45,960 All right. I think we went around the horn 1033 00:52:46,560 --> 00:52:48,480 pretty well today. We'll be back tomorrow morning. 1034 00:52:48,480 --> 00:52:51,720 That's 10:00 AM Eastern Standard Time for another episode of film 1035 00:52:51,720 --> 00:52:53,560 where we're on rock radio. Let's go.