Yo-yo, yo. Good morning.
What up?
What up, GMG? Oh, yeah.
Writing. Oh my Lord.
Writing. Up up over 25th 2024 or or or
look at that another beautiful day to have a beautiful day.
I got my Co host in the house Tyler Mando enjoy a wonderful
looking steak. It was guys restart the show
like 10 O1 behind the scenes. He gets handed this like
beautiful looking steak right there.
I I love that's an all time high actually.
Mando, how you? Doing good life man.
You do eat good. Steak live in the sunshine.
Brother, there, there's, you know, there's, there's there's a
very few people in this world deserve it like you do.
So please enjoy it. Enjoy, enjoy it.
Tyler, how you doing? I'm good.
Maybe not as good as Mando. I'm not getting plates of steak
delivered to me, but you're gonna get something delivered to
me. Erect drink.
Oh. Wow, shout out that one over the
rec crew. So I might have to live drink
this on the show here in a little bit.
Wait, babe, where's all my electrics?
I have some as well, but I don't know where they are.
I had to bring them back from London.
You really know who runs the house when he says babe, where's
my wrecked drinks? You do know who's fucking in
charge over there, don't you all?
Right, I'm just going. I'll, I'll do the live test here
while we wait for for him to get back.
All right, first ever drink. This is live.
Here we go. Liquidated lime Good.
Quite good. This is liquidated lime timely
for those who are in the I'm meta.
Let's let's come on, baby. Ashley.
There was a 6th one downstairs. I couldn't carry it upstairs
anymore. I got my cases.
I I am wrecked up lads, wow, I am wrecked.
We are going. To business.
We're sending it to all the Web 3 posters, you know.
Wrecked here. Wow.
You got more than. I do like way more than.
I do, sorry. I just don't even give me any.
Man, Oh my God, I ran to get 5 cases of red guys downstairs and
came up. Wow.
God, got to got to get got to get the heart rate up.
I got to go. I got to hit some Carter today.
Anyways, Hi Tyler. There's a lot.
There's like 5 cases. Did I get the art ones?
Oh nice. It's cool, I took some photos
I'll I'll post them on X later. So where did you get yours,
Tyler? How did we send it to you?
Yeah, in the mail. We got it same day actually.
Incredible. I have to admit, I think this is
the first piece of product, merch or a product that I've
ever been sent in my No. Way brother, you are now AOL.
Clearly. So maybe that's putting other.
That's an emotional moment for you, Tyler.
Yeah, I feel like I made it. You finally made it.
What are the Yahoo? Finance article this week and
now we're rectoring so you're looking up.
What do we say? It's it's it's it's a beautiful
day in the Tyler D household, you know, yeah, I got my cases.
I'm going to I'm going to have them this weekend.
There's big UFC tomorrow by day 2:00 PM here, because in Saudi
Arabia, the boys are coming over.
They're drinking, your boys not. So I'm going to be having my rec
drinks, you know, as a as a drinking.
No bro, I'm hitting one month on Sunday.
Wow, so wreck drinks is perfect for you then?
That's what I was hung over yesterday.
I was saying it's good because I'm tired of drinking water.
I drink a fucking gallon a day so.
You need something else. I'm with.
You at some point it generally does not hydrate me anymore, you
know what I mean? Like I need to have a coca.
Like in Lisbon I could not stop drinking Coca Colas so it was
just it was non-stop. I just got I just got to have A
and also what it's they replaced Diet Coke everywhere with Coke
0. Dude, what the fuck?
It tastes different in Europe. I think it may be a little bit
better you. Know what?
That you guys don't drink Coke 0?
I hate it. Really.
I think Diet Coke is better. I I hate Coke Zero.
I'm tired of this. You know what's funny?
Also, it's always no, I'm going to cancel for that.
It's big in Europe. I know it's it's always in
Europe, it's in the US, it's always that like big friends
that orders Coke 0, you know what I mean?
Calm the. Fuck.
Down. OK.
All right. Sorry, that was Danny coded.
That was Danny coded, but OK, I think.
Yeah, it's OK. I spoke a little before the
show. I think he's been going.
But anyways, yeah, love these. Thank you guys.
And I guess Tyler now everyone, if you want to send Tyler some
stuff, just just hit us up. I'm sure he has APO box.
Let's make sure that Tyler gets his DeLorean hat.
Let's make sure that Tyler gets all his packages and then maybe
your your room's gonna end up like this.
Heads up, it's a lot. I'm here for it.
I'll I'll deal with that problem when when I get it.
You're going viral now. I mean we'll talk about that,
but look, looks like Tyler is going popular big in the where's
that that Taylor thing. So you're you're you're
everywhere now. So you may start.
You know, this may be your choose Richard.
We don't know yet, but we'll see what happens.
Anyway, to the other show today, today, market report as usual,
crypto, macro, that stuff. We are pumping, right?
Oh wow, never we are pumping. Didn't realize even more.
I'd love to see that. Are we in for some Shabbat
candles? Let me tell you guys something.
Sunset's now like 6:30 PM in the East Coast.
So Shabbat comes and you know what's going to happen?
Fireworks, baby, fireworks. Tyler stopped 1000 yesterday,
was up 10,000 so I'm assuming it's going to be the same thing
today. Robert lootbox win again, big
win. Yesterday we gave away 12,000
United States dollars and the person who said to not sell it
and PFP it, love to see that Shout out to to yesterday's
winner. She's an absolute legend.
Love to see that. So today we're going to pick
another person. I upped the odds on all of them
aeons, protos, everything and double the odds to two points.
So let's see if we can give another big one out and then
that's this usual. Sorry, I'm still out of breath.
I don't know why. Well, I'm just recovering from a
cold, so maybe that's why. This show is powered by
Galaxies. Damn I need to chill.
With seamless built in monetization tools, Galaxies
enables the development of sustainable long term
communities, fulfilling Bitcoin's vision of the
centralized Freedom and Independence from Centralized
control Medal. Please take it over.
Who? Is the man macro daddy of the
land? Can you dig it?
GM, everyone. So we had a little bit of a
better day yesterday. Macro, we've still got this,
this persistent thing of higher, higher yields, higher dollar.
So macros, I don't know, I'll give it a six or seven out of 10
at the moment. Like this, people get a little
bit worried about a few different things.
We always have the election. That's kind of the main thing
still still like the odds market is kind of have Trump decent
amount ahead, even though the polls have got a pretty, pretty
tight. Let's see what happens in the
next week or so. We've seen Bitcoin dominance is
the main probably story of the day.
Bitcoin dominance heading back up towards 60%.
So briefly flooded with going down and you saw ETH outperform
for a little bit, but no, not for long.
Ether, Ether is back under foreign Bitcoin again, and
that's meant that Bitcoin dominance is looking for its
cycle high here, keeps on pushing, pushing higher.
It actually, I mean, Solana's doing well.
It's definitely down from where it was a little bit yesterday,
so it retrenched slightly. Really.
I own I'm a huge. That is your comment on Solana?
Oh, it's, it's retrace services, it's at $175.08 and 11:00 cents.
Really. We do this show every day, so
this is just a little bit of a it's it like solely it is down,
for example, where it was, but but I don't think that will
continue. I think I think ether is the one
that's going to continue to underperform.
You had a little bit of rotation in the in the meme coin sector.
Again, you had to move down get the Binance listing.
So people started looking again at cute animals and a few
different runners on on the back of that AI, most of the AI coins
are down like 30 to 30 to 70% on the smaller cat stuff.
It feels like yeah, you just buy like the the leader and all the
other ones have just died and died pretty horrifically.
I saw your tweet actually around that Tyler.
So I don't know, I don't know how that continues.
I I still think the ghost stories will continue, but I
don't I don't know about the other AI coins.
There was a like an attempt at a coin last night by a bot I think
which was linked to Sam Altman or maybe people said it might
even. Be here.
Yeah, the I saw the whole GPT 2 stuff like I'm a GPT 2.
I was going to talk about today. Yeah, there was some of that
drama yesterday and and then he basically denied it.
So that kind of tells you it's not.
People are still looking for opportunities in that space, but
it's difficult to find value, I think.
So let's let's wait and see. Maybe we'll see something cool
happen relatively soon. But yeah, it definitely doesn't
feel it feels like it's it's it's dying down slightly, I
would say, or at least people are looking at less at it as a
as a sector. The main the main like major
stories yesterday from the app side was that Kraken is going to
launch his own ETL 2. I don't know if we spoke about
that on the show. Uniswap launched a multi chain
bridge and and there was Microsoft.
So Microsoft, Microsoft is going to vote on whether they want to
invest in Bitcoin, of which the manage the board seemingly
opposes, but it's up for up for a vote.
I don't know why that would be. I don't know if like one of the
smaller minority investors has put it up to A to a vote, but
let's see. That was just like a story of
old Microsoft. I think a lot of people reported
like Microsoft's going to invest in Bitcoin actually is the board
opposes Microsoft investing in Bitcoin at shareholder meeting.
So it's kind of a very different sort of story, but at least it's
up for vote. Yeah, I deleted my tweets after
I put it out because the news came out.
This is why I'm not in the game of posting Breaking Tyler.
Yeah, I I saw that they had said no when I when I shared the
story, So I was careful with my wording, but here is the
details. So the National Center for
Public Policy Research Research is a conservative think tank.
They are the ones who submitted the proposal ahead of the
December shareholder meeting suggesting that Microsoft
shouldn't formally evaluate Bitcoin as a hedge against
inflation. Here it argues it's a strong
diversification tool, you know, in the face of macroeconomic
pressure, recommending a 1% investment of Microsoft assets
and into Bitcoin here. And then of course, the board
advises shareholders to vote against it.
I think Vanguard is a massive majority holder and they're
likely to vote no. So it's probably unlikely to
pass. But I don't know.
I still think it's a positive headline.
I think this is, it just shows that perhaps, you know, yeah,
it's, it's something that is at least being talked about.
And even if it's a no now, maybe it's a yes in six months.
Dude, it's part of the conversation now is all that
matters to me. Right?
Like I think this is what people don't get.
Yeah, sure that OK, no. It's no Microsoft to bring.
Bitcoin right away, but yeah, sure, like there, it's part of
the convo. And you know what, like if it's
on Microsoft, it's going to be Apple.
It's not Apple's going to be I don't know NVIDIA.
If it's not NVIDIA, it's going to be Tesla.
Again, I don't know, you know what I mean, but it's like it's
just it's just that's what you know, that's what people I think
tend to not realize, but I'm sure we'll get into all of that
just quickly. Looks like we're looking good
ahead of the weekend. 68 five on Bitcoin.
So Lana is doing really good Mendo.
So once I mean 6 easier at 2550 looks like looks like it wants
higher and hopefully it does. And our memes are looking good
on the market side as we enter the last week of October here.
Is there anything I miss macro crypto wise matter if not going
to pass on to? Although the AI memes are lower,
some of the more like AI related projects actually had a really
good day. So that virtual protocol which I
think Tyler was shown earlier on the day that's hitting you all
time highs. Lunar is still up at 60 million
as one as one of the boss on there.
And then Nasana, which is like an AI meets decentralized
compute platform marketplace, more like a GPU marketplace that
also hit more they they they were the top gainers in the in
the top 300. So maybe you are starting to see
a rotation out of the means into like more AI based stuff.
Wow, that Luna chart looks pretty.
I'm gonna send it to you here for.
A Yeah, send it to me. Let me pull it up on the screen.
But Luna? I missed this so I talked about
earlier in the week, but I didn't cover it in like the AI
massacre that took place yesterday.
Luna up 15% That's that's AI. Think that's a wormhole version.
I sent you the the virtuals the the the link directly to their
their app the virtuals. App, Yeah, let me pull this up
for you right now, one second. Virtual, the actual protocol
itself is is at 300 million now and it's up 30% just today
that's up that's up 3X on the week so just on the month wow so
this was trading at 50 million a month ago and.
Now it's oh wow, 3 hundreds. That's that's an interesting
chart. Yeah, it's really exploded.
It's something interesting to see how Virtuals is valued,
right? Like it certainly is going to
have some swings tied to the its leading AI agent token.
So if folks don't know this, if if you're tuning in for the
first time this week, Virtual's protocol allows, it allows
people to create AI agents and then allow them to be traded.
So you can buy AI agents, you can sell them man.
So just a couple days ago only Luna, Luna was at 30 million and
it was really the only 1 / 1,000,000.
And now there's a few different agents it looks like trading
over a million. Who is that 57 million?
So, well, it's I mean, I this is like a different I.
Think I'd probably. I think I'd probably buy
Virtual's protocol if I was. Yeah.
It's the easiest. Bet where do we see where's
that? Can I just go on Dex?
We know this website's like tough to read.
Just type in virtual's protocol. You can bring up a coin gecko
chart virtual. Proto, why don't you take AI?
Don't know there's virtuals virtuals.
Yeah, Let's pull up quick market copyright virtuals.
There you go. Wow.
Do a one month. On there, it's a good month.
That's a good month. That's a good month wise.
Damn, that is impressive. Some, some some good stuff to
keep a look about. I mean, Tyler, what was
virtual's at when you tweeted about these AI agents lower?
Yeah, I mean. Pull up the weekly.
I mean, we, we, we really first started covering.
Just about. Oh my God.
Earlier to this. I don't think this is done, by
the way, like maybe this coin isn't done, but like the concept
of AI agents and this sort of marketplace for them.
I reckon this is going to be a big thing.
I mean, let's talk about this, right, like I'm I'm sure it was
going to be part of your topics today.
Like let's have this conversation, right?
Like we saw over over the overnight, like a lot of like
tweets about like, oh, slop and shogath and and a bunch of like
these AI Flavia, like a bunch of meme coins that pretty much like
a lot of them are down 90 plus percent, right?
Like that's the that's the fact here.
I was looking at slop last night.
I think it was like 90 something.
What do we what do you both think about this?
Of course, like does that mean like everything flows back to
goat, Goat sees a little dip and keeps going?
Or is this whole AI meta like, sorry, not the AI meta, but the
chick coin side of the AI meta? Kind of like dying off here.
There was a good tweet from A16ZA16Z sorry like a few days
ago, which is like the really great thing about this meta is
that we can all laugh that we're like really smart by buying mean
coins. What I do think though, is that
goat is is kind of the perfect BLOB in that I don't really view
it as a meme coin. I know like, yeah, we can say
like it's a meme of a goat like that maybe helps it.
But for me, it's just like the first.
It's what they said on that, that podcast.
It's the first intersection which has really gone viral of
AI meets crypto. And because it has that first
mantra, that's why I think it wins the narrative of that
genre. I don't think necessarily the AI
mean points are a good thing to invest in, but I do think that
AI coming in here, like you can see like virtuals is a proper AI
project, right? You can see how it works.
It's not just some, it's quite easy to understand.
You buy, you buy these, these bots that you might potentially
use for various different things.
And they obviously get a share of revenue from that.
Like we're going to see a lot of that.
And then you have the other stuff, which is like
decentralized compute DPN, like, why is NVIDIA so valuable?
Well, Nvidia's worth 3 1/2 trillion dollars because Dpus
are like unbelievably tough to get hold of.
And if you can create some sort of decentralized network for
them to be used on different on different things, you can share
the resources to a certain extent.
Yeah, like you can create value out of that.
And some of the quite a lot of the other AI projects up until
now have been based around that. It's like building the
infrastructure to make AI easier to use.
Some of them around decentralized compute.
Some of them are like Tau, more like decentralized training of
the model itself. So like getting better models
quicker rather than like more centralized style.
Like we have to feed the data just through ChatGPT, like,
right, we can create a better open source alternative.
That's what a lot of what Tao or some of the things that they're
trying to do is based upon. And that wouldn't just be like
LMS, that'd be various forms of of AII think this is, I think
this is the time for this now like.
The plug gates are open. I feel like what's interesting
with this AI meme meta is that a lot of products aren't really
memes that like they're half of them, well, half of them are
just like fake. And I think we're we're seeing
the shams. Those are the ones who are down
90% like, oh, this is tied to Sam Altman, blah, blah, blah.
It was the first one launched by chap GBT, whatever.
But a lot of these other ones are like actually tied to to
more like real AI researchers or real protocols.
Like that's what we're saying with virtuals.
And I do think those will have much more shelf life, right?
And I don't know if 300 million is the right valuation for their
for virtual protocol or not, but at least it's a it's a real
product that you can see and interact with.
One take away. I mean, folks were very happy to
celebrate the the murder of the the murder of the AI meta from
what I posted this morning, a lot of folks happy to victory
lap that, which makes me think it.
Was which? Yeah.
You know what that means? You know what that means?
That means we're. Yeah.
It's going higher now. Are all the the shiny new
objects that ran to $40 million in the day coming back?
You know, probably not. I think that was the other take
away and why I think I personally like wanted to break
from this meta is like, so GBT 2 last night, it did 190 million
volume and jumped to $40 million and an hour, hour and a half.
Like the parabolic movements that we've seen, just like we
haven't really seen that really in in this entire meme cycle.
And things are moving too fast and then people are getting
burned. So I think that all needs to
cool off Like Genon. If folks remember Genon shot to
180 million, two 100 million. Over the weekend now it's back
down to 28. I'm trying to think of some of
these other ones but but pretty similar.
What's? Been on though.
Like was that just an AI really? It was like Geno was a meme that
was supposed to be like the AI's God.
AI religion right yeah like these other ones are like are
memes which he we see that AI particular I said that they like
and. It's always like that right
narrative and people tag along to it.
Remind this actually this week, guys, and I don't know what you
think about this Mendo and Tyler, but this week reminded me
of the NFT cycle more than anything ever.
It was like every time there was a thing, everyone comes out all
these web 21 servers. Oh, this person has like
millions of followers on Instagram.
They're going to launch this thing and this shit coin is
going to go we're back to that, but with another meta for the
most part. What do you think?
Like I don't know, it's just that's.
What I thought there's a lot of laughing right When AI gets gets
into something, everyone's everyone knows that they know
nothing and therefore they can be sold.
Ridiculous. Things right in some way, that's
what I quite like about AI these AI points a few months ago.
Is that like or a couple months ago that you can really see the
ones that were actually probably genuine and the ones which are
just yeah, they all died and that's going to be the same
here. I think I I don't think any of
these AI coins are probably like.
I don't really know if you really want to buy an AI meme
coin. I don't like as a concept.
Yeah, it's cool, but like for me, it's just more like right.
This is the first time that you've seen something that's
taken hold like an AI. If that becomes oh, that's like
the first AI money or like the first chance at it and even
interesting that even that AI that was out last night, you
know the one that was talking about ChatGPT two, it was
talking about goats like there's something here as well where I
do think they're like, could you imagine a world where like other
AIS also adopts this currency potentially like it becomes an
AI currency because of that Now that's that's like forward think
that's really forward thinking, but that that's why I think this
could be more than just like something and like just buying a
a meme because an AI is good. I don't know if that is valuable
the AI. Agents are the really valuable
thing. What do you think, Tyler?
I think GOAT is going much higher.
I think most of the other ones are probably going lower.
I think the real protocols like Virtual's have a real shot.
Coming back to Virtual's last comment, it's on base, right?
So we've seen Brian Armstrong kind of come after Truth
Terminal or I think he he sees that the AI explosion is
happening on Solana and there are going to be folks who want
the AI meta to happen on base in the BM.
Can I ask something unrelated, is there like a reason why the
Coinbase side like they're known to kind of like not really like
Solana eco? Like I get the base versus soul
war here maybe, but they didn't. Have base 100% base.
Versus so, but this, this is something older than the time
base, right? Is it though?
Like think about it like when did Solana have its resurgence?
Like where was Solana this time last year?
Was trading at like. Yeah, I don't know, 15. 20.
I'm just saying I see Dog with coin in the audience right now
and all I'm saying like, would be nice to have whiff on base,
you know? That's what I'm trying to get to
here, you know? Coinbase, yeah.
I was Coinbase, sorry. They didn't.
They didn't miss Pepe.
They, well, it could be nice to have Pepe as well.
They're both futures, right, I think.
Pepe was the ridiculous one, right?
Like Pepe. Yeah, I.
Think it's going to happen it? Was a shambles.
Listen, I, I took a position in both and I, I would love them
both on, on Kobe Islam saying, you know my baby.
You're like, you're sending me Murad tweets with Whiff, but
these days? Too, too.
You know you. You know what's?
You know he's deep. You know what's happening,
Mando. You know what's going on.
You know what's going on over here right now?
You know, OK, I'm breaking out. OK, I'm breaking.
Pretty. Sure, Murad.
Wants to buy whiff? Pretty sure Shut up Murad came
on the show and said that this Cycles dog winner is whiff on
the record. It's true Sam's We're going to
have to please Sam's Bandit folks.
I kind of would like that clip and post it.
Click that. Let's click that.
Let's put it everywhere. All social, Yeah.
I mean dog with coin, you know, as a matter of fact, let's let's
have dog with coin on stage. She sent them an invite.
Just come, just come sit on stage.
We need. These bags higher.
We need these. Bags higher.
People. Time is with me.
I'm with you, this is time. Like pull up The Mirage tweet.
He tweeted it this morning. His daily meme propaganda.
Let's go. Talked about doge going to 90
billion last cycle and he said like you don't think 1's going
higher than 90 billion this cycle?
So let's talk about this. What do you think?
Yeah, so like I, I was trying to sit like what?
I was like, what would be the betting market odds right now
that a meme coin goes higher than 90 billion?
I think the no size probably like -300 or something.
But I mean, I think I'm on the yes side.
Like I'm, I'm a moon boy at heart.
I like the long shot here. I, I think that we're going to,
if there's a real meme coin super cycle play out, like,
yeah, of course. Why aren't we going to go
higher? So the meme coin market cap
right now is 60 billion, just shot at that, right?
It's nothing. I think well, no, I guess what
I'm trying to say is that like doge was the only one, right?
It was only the only like meme at that time.
I do think now the the issue is that you have there were 40,000
Solana meme coins created yesterday, 40,000 that I mean
that's just insane. That's was annualizing it like
like 10s of millions and it's only going to increase.
You know that. So think about that in this
world where you're going to probably have 10s of millions of
meme coins great each each year, maybe even hundreds of millions
if this continues at its current pace.
It's tough. It's tough.
I don't know it's so diluted even though I'm super bullish on
meme coin total market cap. Yeah, it's it's tricky, but I
mean, we're even seeing we're seeing it with the AI meta,
right? You know, we've already seen
hundreds of AI coins, but the primary take away just to weaken
is play the winner, right? And and everyone's rotating back
to to goat. I I still I'm the I'm the
believer here. I mean, we're looking so good
across the board right now. There's a scenario where the
meme market cap goes to 300 billion and none of the winners
go to 90. Like for sure.
A. 100%. Or even yeah, I actually agree
with you. Like there's a world where like
like where where all these coins we've had like in hovering in
the like 1020 just stay there and then you have like just a
few coins that'll go. It's like billions.
That's most likely. I mean, the memes are looking
good here. I saw the Murad index was up.
I think that it's always like we talked about this on show there
this week. Like it's like a few days of a
new meta and then people just rotate back.
And then Tyler reminded me because I was like, why is like,
for example, lock in like not performing well and stuff.
And I was like dude like there was just a 22,000 sold rug
yesterday. And that's also a good point.
I mean people need to be careful.
Like 2 days ago the was it Char? Char is what's his name?
Yeah. 22,000 sold in one clip was sold by the devs and that
was that was. Trending, everyone was talking
about it, so I think a lot of the.
Trenches right Tyler it's not taken from BlackRock.
You know it's not you know it's taken from the fucking kid doing
pump fought all night long like like it, you know, skeets all
trading with his like 5 soul and that that's the truth.
So so that's why they this happens, right?
But let's look at this Mirad index here.
They're taken from our trenches, man, they are taking.
They are taken from our trenches, man, though they're
taken from our trenches. Like that's what people will
realize. You know they're coming to take
from the trenches, right? And it's going to.
Mover. On that list I see a top mover.
What? What's the top mover on that
list? What do you think it is United
States of America? What, Jane?
Monk. The United States of America.
Block Jane. Oh wow, 1010% States of America
USAUSAU RIP the Band-Aid off Tyler.
Come on, it's. Calling.
It's calling for the rebound here.
RIP the band of my boy. How is USA not going to pump
through the election? I, I, I don't know that that's
my. USA, you know it's.
News from The Mirage list. So take her Bitcoin.
This was out of left field. The team behind ticker Bitcoin
is launching an L2 on Bear Chain.
It's called blocking lol. No, it's true.
It's true in fact, and the news is kind of fat actually.
Yo find me the where's the tweet again?
I that's actually like, that was like some pretty crazy news now.
Yeah, I mean, I, I I've got it one SEC.
Let's just search. OK, no, I don't think anyone was
calling for that, were they? But were.
They I don't know that anyone wants it it.
Is blockchain lol there you go. That's it.
You see the Yeah, that's it that's it that's your tweet.
Boom. So did you know real, you know
Harry Potter, Obama, Sonic Taninu, Big taker Bitcoin is set
to to be the gas token for the new Bear Chain L2 blockchain
lol. And that is created and being
run by the Sport of Gremlins team.
Did you know we are going to Fleshenary?
Did you know Sport of Gremlins will have secret powers?
This is a tweet from LARP Lord 1 here on X Tyler, tell me more
about this because this I don't know.
That's pretty cool. Came out of left field.
I think there are I think there I've seen some mixed reactions.
I mean 1 the deflationary is nice.
I think two people always get a little bit hesitant.
Like when you when you tie a token to a change like now
they're going to be like real metrics to to tie a value of it
towards. I don't know if that's going to
be the case for this one. I think the naming is hilarious.
Like for ticker Bitcoin to name their block, their L2, like
literally blockchain is funny. Like I don't know what they're
going to do with it. I guess.
I guess we will find out. So like that's the big question
is why do they need an an L2 and what are they going to do with
it? But I like ticker Bitcoin.
I think it's going to be a winner this cycle.
It's up. It's not down on the news.
So thinking. All the memorize memes were
pretty down yesterday and seem to seem that there's trying to
lock in again, so we'll see. Where's taking Bitcoin?
Do you? Think he's still a hero for the
trenches? Pardon me.
I said, do you still think Murad is a hero for the trenches?
Do you think he's the main character?
I do, But you know why? Because I'll show you something
that I talked to Matt Tyler about the other day.
Everywhere you go on every single YouTube.
And this is just on a small scale with me very high when you
look at Murad. My my Trump interview got 473
views on YouTube. My Cuban one got not even 1000
Muradam already 3600 that I ended up up putting us 3 on
there as well. Separately, on top of the drug
radio thing, our most streamed and viewed episode has been
Murad and across I saw someone tweet that across every single
channel, every interview Murad did has been top view from
everyone's podcasts. It's like when he hops on your
shit, that's your biggest view right now.
And I think that's very telling because you know that Mendel
Tyler, you're in the same business at this stage was like,
I see things from like a media perspective and numbers.
So when decrypt I see that we're breaking records every month for
readers on our website. I know we're about to, you know,
like you could tell there was a drop off the summer in readers.
All of a sudden last month we were one of the only news sites
that was on the way up. We did over 3 1/2 something
million visitors, 2 million unique people visit the crypt
last month, right? So it's like that's how I start
to see that. And Mirad for me back to that is
like, well, he's breaking everyone's records, right?
Mirad's kind of the IT people are more excited about Murad
coming on than Trump, dude. Look at the engagement in that
post. Those 90 billion posts, 100,000
views in an hour 2300 yeah. I mean, yeah, it means being
down 90% after not even surviving a week like this.
Actually bullish Murad, right, Because it's like believe in
something type narrative. So all the like rugs like the
22,000 soul rug and stuff I think amplify that thesis of
just believe in something stop fucking trading type thing,
right? It's the whole benefit of of it
buying something that's been around for six months to 12
months, right? You don't have to worry.
Like it removes the rug risks. It removes the you're not going
to probably lose 90% in a day unless like the whole meme is
right and sometimes a swan of it.
So it feels safer. I mean, safer in quotes, but
that's nice. Like this was like I, I was in
the trenches this week. I probably lost like 15 coins a
row. It was not, it was not great.
It wasn't fun. It was manic and it's sometimes
it's nice just to some pick some conviction plays.
It really sucks. Yeah.
To get rocked, it's fun. To hit the 30X or the 100 X, but
it's not fun to lose on 15 others while you while you try
to get that again. And then you realize that you
wasted your fucking time. But anyways, all right, look,
Tyler, I know we just probably already covered a bunch of your
of your tops. What's the code today?
Sam's? Let's maybe give the code for
rafflebot. I didn't check my texts yet, but
I'm assuming we have a code already.
But let's get the code out and the raffle box of people can get
can get entering. And Tyler, let's see what else
you got for. US all right our our top story
we're wearing the Bitcoin propaganda hat today folks.
It was a big day for Bitcoin. The Pennsylvania House passed a
bipartisan bill clarifying rules around digital assets, including
the right to self custody Bitcoin use Bitcoin for payments
and provide clarification on Bitcoin taxes a huge move in the
pivotal swing state here ahead of the election, Microsoft
disclosed to the SEC that it is assessing investing in Bitcoin
though as we talked about the board advised against it Arkham
reported that the United States government made $20 million in
funds it appears to have been a hack slash theft so the US lost
the $20 million in funds from that move that's not great we
saw Kaushi share some demographic data for election
betting on its platform. It showed that 65% of female
betters actually had that on Trump disputing claims that
perhaps his lead is due primarily to just young men.
The retail alliance network is bringing the trillion dollar
gift card industry on chain with smart cards which use smart
contracts to upgrade outdated systems, personalized rewards
and more. In protocol news crack and
introduced Inc a new L2 belt via optimism super chain.
We saw the grass foundation announced that its first grass
token AirDrop will take place on October 28th.
That's Monday. Fantasy top introduced the viral
AI account true terminal is its newest hero.
They also updated their tournament tournament formats
ahead of next week. We saw moonwalk fitness announce
a three and a half million dollar race to build out a
gamified fitness platform on Solana.
So that's that's going to be a fun one to watch epic games
metal core huge news. They sure they are migrating off
of EBM onto Solana for season 2. That is a major game and we saw
property launch a new crypto escrow service with coin based
prime allowing users to custody their crypto through the real
estate process. So some movement into the real
estate market in memes, the NFT meme leaders slightly read
basically even on the day we talked about the AI sector got
new to most are down 50 to 70% following goats 20% fall post
finance listing. Mudang got surprise finance
listing October 20%. It was up big when I woke up
this morning. And then Magic Een announced
that it's ME test token is coming on October 29th for
eligible users. And that was the rundown I get.
Another really busy day. Wow, you absolutely love to see
that. I want to start with the Bitcoin
stuff because you talked meme coins and stuff a lot already.
AI, all that stuff the I saw Dennis Porter tweeted the day
before right as well, like there's big news coming and
breaking. So the state of Pennsylvania
passed Bitcoin rights. This is pretty big, right Tyler?
Yep, so it actually happened on Wednesday, the Pennsylvania
House, they passed this bill 2481 has dubbed the Bitcoin
rights bill overwhelming majority.
The vote was 176 to 26. The bill is designed to provide
regulatory clarity for digital assets, ensures right to self
custody, allows use of Bitcoin for payments, and then provides
clarity on taxing Bitcoin transactions.
This was actually crafted in support from the Sukoshi Action
Fund, which is a a group of of trying to push Bitcoin rights
across the States and is really fighting at the state level due
to just the lack of progress made at the the federal level.
They've introduced similar laws in 20 other states already, I
guess. So they've been making some
significant progress. Yeah.
Dennis Porter commented the Bitcoin vote represents a new
growing voter bloc actively searching for a political home.
He also went on to explain that those who or the state Rep Mike
Cabell, the bill's sponsor, basically said that anyone who
voted no came from members with less of an understanding about
blockchain tech and some other with concerns about its effect
on the environment. So like the nose seemingly is
still folks who just perhaps just or they're too old to
understand that almost be blunt. Like we, we have that problem in
in US politics with these aging politicians.
They just don't get it and they're not interested in
learning about it. But it looks like the the tides
are starting to change. And if it happens at the state
level, I mean that that's big, right?
Like even if we don't get as much federal clarity, if the
states really push it and become the states rights issue, I think
that could still be a big positive.
All right, I mean, I love that by partners Bill, it looks like
too, right? So some very, very good news for
crypto Code green today, GREEN rafflebaud dot XYZ every single
Tuesday, Wednesday, Thursday, Friday, we pick one lucky
winner. All you have to do is go to
rafflebaud dot XYZ, connect your X account and we make you
retweet something every day. All right, shot the robit for
that obviously wouldn't be possible without them.
Let's see what someone would say.
Tyler, there was a few other things that I picked up from
your stuff this morning. I mean, the Crockett we can
touch on. I mean, we're, you know,
crackers are homies of ours. So it looks like they're what
they're going to the Coinbase route with an EVML 2.
I like the name Ink. Interesting.
But was there any more news on top of that?
Yeah, just the quick headline, they're basically launching
their base competitor. It's on optimism, the Super
chain they're they're tapping low gas, fast speed,
interoperability, and then the security and expertise you get
from the Kraken team as some of the differentiators.
I think that that's the high level TLDR on this.
I think we'll stay tuned for more.
Yeah, but the the L2 space continues to to to get built
out. Yeah, that's for sure.
But it's good. I I I like to see that.
I think they're going to do really well.
I think they one of their investors is becoming coming on
as Co CO2. I saw that, forgot who it was,
but Kraken. Kraken is one of those like,
like I wouldn't sleep on them. You know, they're always
cooking. They've been listing more memes
too. I don't know if you saw they
just listed hamster combat go. They have giga that was
announced on Kraken as well. So they're taking a lot of that
market share as well in terms of users.
I use it because in Canada is the best one.
But that was before we were even doing some work with them last
last year. Lucky trader.
I miss Logan's with us. Test net in 16 days.
Look at that. So you know you're going to be
start Farming Inc very soon. Thank you for that.
We're gonna need an update. Logan's on top of it, may as
well on that. What else did you have?
There was a few other things I picked up on.
Runes seems to be flipping green finally.
Finally, it's been a rough week for the for the runes.
Bottoms. Very well may have bottomed
here. They went sub 100 so a full 50%
pullback back. In 25 now.
Shout out to Bernie. I think Bernie bought the
bottom, or at least he's claiming.
I mean, claiming he did. Yeah, I think he did.
I think Look at this, look at this beautiful thing here.
I mean, I'm hearing that Mandel's going to be beating
pups. When Coinbase?
That's what I've been asking. We're going to get Pups and
Coinbase. They're getting sorted for
Ruins. OK, we're going to get.
That's fucking hilarious man. Like we're.
Comedian, you're like. Surely you notice when you're
like you're so euphoric, like when you're whipping out the
roll bit and putting on levered lever, the fucking Pepe trades.
I think it's time to sell, but that's that's when you go right.
I'm going to sell a little bit of Bobs you.
Know Lever is going to sell. I'm going to sell a little bit.
I mean, I'm I'm I'm levered Pepe Morgan with right now, but you.
Were like the signs were there. We're like, we're like, I think
we're like $3,000,000 long here. We.
Literally had a conversation about how, like you said, I'll
sell a little bit if it goes up. Went there and then what did you
do? You put on levered.
I basically took all of the rest of my Solana and I2X, levered it
to have more exposure to Solana. I did not have enough Solana and
I don't have enough fun. Yeah, dude, I mean that, that's
up. That's up a lot.
Not the rest right now. But dude, I mean, fuck it, you
know, like I, you know, I stopped in my balls.
What do I mean? Tell you I found that last year
too you know So we'll see we'll see I mean look Bitcoin I see
actually Bitcoin kissed the lines just now.
I don't know if you guys saw that got rejected.
So it may be over here, we may be going back once. 12K look, we
just kissed it. See the lines, the the lines.
We just kissed 68 nine. And is this line across trading
view everyone has the same line? Yes, everyone has the same line
as the diagonality here, but what I'm thinking is if Bitcoin,
what is 65? He was a higher high here,
higher low here. We're in the money, boys.
We're gonna have a fun weekend. Fireworks, you know, come on,
you can't be bearish ahead of this weekend.
We're going. To tell you I'm I'm I've been
risk on since it started. I don't know.
Yeah, you are. But you tend to come on the show
on the weekend and be bearish weekends.
You tend to come show on Fridays and you call for, you know,
Salon is out not performing well and she's like fun, like, you
know. I have full ported Salon and
Goat. I think it's it's swinging
wildly at the moment. Let's put that on.
Mando's Mando's got like deep 7 figure swings on the hourly like
just like you're such a chat honestly like I.
Don't have some of the craziest swings I've ever seen it.
Let's look at it again. Me for me the big has been
fucking like the Murad means man like I'm deep and like lock in
ritardio and all these like these swings have been insane.
I mean ritardio. Have you guys seen the lock in
candles lately boys? Like that thing went from from
like 70 mil to 38 8 mil back to 70 mil back to 40 mil in like 2
days I think. You're going to have that
because so many of the holders are up so much, no?
Like this is like a heart attack central.
You know what I mean like these beams are crazy.
I'm fucking but it's it's tough, man.
The same for you in your USA right?
Like it's been insane, No. Oh yeah, look at look.
At the tardio like chart. I find it so telling that you've
refused to pull up the SPX chart just.
Because Oh my God, dude, here's your fucking SPX chart, Tyler.
Here you go. Rocket ship, I'm going to have
to go levered longness to compete with your mog levered
long and we'll see. The mug long.
It's so funny, but look at this. I mean, SPX is looking good, you
know. I mean, you know, we could do
something like this and then, you know.
Yeah, possible. I'm just playing, we have this
little SPX versus MOG thing going on behind the scenes on
the on FOMO hour chat. Let's see Mog.
Mog's looking good too. Yeah, it's all of these were
lower, higher lows across, across all of them.
Like we're going to be money this weekend, boys.
Like even Whiff is looking good. Had a good bounce, was really
underperforming versus Solana. I think Pepe is not looking that
bad either. But we're what is the theorem?
Like what's the problem with ETH boys?
Do we think ETH catches a bad bid this weekend?
Like it is killing me. No, I don't know why it would.
Are you still an ETH? I'm not, I don't own an ETH, but
I mean Pepe and MOG and like yeah, they have been
outperforming ETH, but let's be honest, like ETH goes to like
2728 hundred. Like where's Pepe and MOG,
right? It's like obviously 30% higher
now. I think they're just going to
trade with the other, like maybe the wrong market.
I don't think we care about what happens to ETH.
Yeah, OK, Well, that's why the only side of me cheering for ETH
is that, right? Because I would love that
anyways. All right, well, look, looks
like we're good. I don't think I missed anything
real. Quick pull up the poll I I did
yesterday, I sent it earlier in the chat the the one Bitcoin
versus one punk. So punks fell below 1 Bitcoin
yesterday with the fall and ETH price go down just a little.
Bit. Yeah, hold on.
Yeah. So yesterday a Bitcoin was
26.85. EI think it's probably a touch
higher than that now. And then a punk was 26 1/2.
So I put the poll out there. I honestly thought it was going
to be closer to 5050. And 80% of these are the sample
size, 500 votes. 80% of the folks said they'd pick one bit
longer. I mean, what do you, what do you
I mean, does that mean that you're supposed to buy a punk
here? Because like now it's clearly
not consensus. Like what do?
You think that was my first thing?
Actually, Mando, a bit like right now, I'm handing you, I'm
giving you like 70K. You can do what you have to do
between Bitcoin or a punk. What do you pick?
Bitcoin really Time frame 12 months.
Oh, at 7075 K. Yeah, So what Tyler's saying is
that one Bitcoin is worth 2685 ETH.
One punk is 25 S They're both 26 1/2 ETH.
Which one do you pick? Which one would you rather hold
for the next 5 years? 05 years are very different, but
I think into into the election I won a Bitcoin.
No, not, not like, Yeah, yeah, long term, not in elections
like. Yeah, it's tough that that's
that's a good really good question.
I, I do think crypto punks, what, what you've seen over the
last few months in crypto funks is a bunch of the bigger holders
have actually got out like long term crypto punk number of
holders is up only and up only pretty aggressively.
I think that's, that's one of the best things to happen to
crypto punks for a long time, because I think I've always been
worried that you know, that these whales will come in and
sell and they have come in to sell.
I I think I probably own a crypto punk over five years.
I think Bitcoin is the safe place.
Though isn't it? Isn't it?
It is it. Is 10X and I don't know if punks
would. So bit in five years you're
saying Bitcoin would be 660,000? I mean, everyone would be.
I don't think anyone cares where crypto punks are when where
Bitcoin like I don't think the correlation is there.
Basically, I don't think like no one's going like, oh, where are
crypto punks in that world? Like, no, Bitcoin is Bitcoin.
And then I think maybe over the next year, maybe the next year,
goodbye. This has become a true
differentiated flex because there's only 10,000 and they
become like truly unobtainable. That's part of the scenario.
You need to outperform Bitcoin. Yeah, I don't know.
I I think five years, I'd pick the punk honestly, if I were
like, it's like you're not training with it.
You know, this it's going to be much more like, I think five
years that mark was like, fuck, this thing becomes to really
become like that historical asset, which is crazy.
I'll, I'll ask you even want a Nakamoto card or a Bitcoin four
or five years? Similar price this is the issue
about a lot of these collectibles like the actual
market for collectibles. I just think I know is smaller
than we in web 3 think it is like, you know this from like in
real life collectibles, but it's tough because I think that's
kind of it's a good, it's not going to go lower, but I don't
know if it goes higher, it might go higher in like 30 years and
then it would be like a lot, lot higher.
But I think collectibles generally once they've reached
that like peak valuation of like a few $100,000 let's say or 1100
thousand plus they, they really slow down in, in, in their
appreciation. Yeah, I guess we'll see where
that goes. But there's always be appetite
for collectibles, but comes so much later in the cycle, right?
Like you need so many people just come back to space to like
come by these like. The chads that were buying the
last collectible, like the even the really really what like high
end stuff. I actually think they were in it
for the flip too. I don't think they were in it
for like a 20 year trade. I think people owned some of
these. Maybe some of the punks like
maybe it was slightly different, like a hoodie Punk traded at a
premium because it was it was cool.
But I think most people are in collectibles are also looking to
flip them. Yeah, it's 100.
People right like like buy a Rolex.
You want to go higher. Watches are significantly lower,
basketball cards are significantly lower.
All this stuff is lower. But what's going to happen with
this liquidity cycle, right? Like we, we, we have to.
I mean, I think my assumption is as as stocks go up, commodities
go up, as crypto goes up, assuming that it does near the
end of that run up, collectibles get some love.
Yeah, next year, this time next year, 12 months from now.
That's what I'm thinking. They probably lack.
Yeah, 100%.