Yo-yo, yo, what up? What up?
Good morning. Good morning GMG Monday February
12th 202444444444 Look at that, another beautiful day.
What happened? To your What happened to your
hand all? Right.
I jerked off. Too much wanking?
Yes, much wanking. You know the beautiful thing I
was living with my girlfriend is I don't remember last time
anyways, so. Stop.
Why? Did we?
Why did? Why did we bring Robin at that?
Exactly What was the problem? Telling me to stop.
What does Robin have to do with that?
Robin get out of here. I love how The Sims like made
his whole like character. Now to be the robot account on
on our on our in the studio. Anyways.
No, I I it's my couple tunnel. You know it sucks.
But every every few months I have like a month of like spasms
and aches in my wrist to the point where like carrying my
phone hurts. So yeah so but we can call it
too much wanking for the sake of the show.
It's it's it's funnier narrative mando you have a beautiful home
there is that. Did you just buy yourself a new
house? No, I'm staying with the in laws
at the moment, so. Is that their piano right there?
Yeah, this is this is the this is the piano.
It's a beautiful house in London.
I I think a lot of people seem to live there like I've I've had
a lot of meetings with people at the same house.
Oh yeah. Oh yeah.
I actually think I can. I just realised I did bring a
mic. So for tomorrow I'll bring I'll
take my mic, I'll, I'll bring it.
I'm sorry people will have to hear to this this mic for now.
But I have got my Rd. caster and mic.
I forgot, I forgot about it. You have.
You said he wouldn't get his fix.
Yeah, I have everything. I think I just realized I
actually have everything. I love that this guy everything.
It's okay. I mean that's the beautiful of
these ones. They connect to the computer
anyways. Anyways, Anyways, Speaking of
which I really wanna order. I'm gonna do this week.
I wanna order them. I wanna upgrade.
I wanna get the SM7. What is it?
SM7DB, that one's crazy. Like it gives you like crazy.
Yeah, SM7 SMS anyway, whatever it is anyways.
Anyways, anyways, every big day. I mean big start of the day.
So we're going to, we're going to, we're going to get into all
of that today, as usual. Market report, crypto macro.
I mean, shit is going haywire right now, right before the
show. We got a whole pump as the
Jingle was playing. You know related.
Hey, have you ever seen RUG radio, FOMO Hour and the pump in
the same room? Never.
So you know it seems like seems like it could be related here.
48 K, Bitcoin yada yada yada. We got a lot of news got a lot
of stuff to talk about. I mean Biden tweeting out laser
eyes, all that good stuff. Holy blast off tokens.
Tokens, tokens, tokens, more tokens.
You know is blast going to be the new meta?
I mean you know I squeezed that one in because OV was talking
about it this morning on the timeline but also in the chat.
So figured maybe OV can explain and to us what what he's got in
mind. There probably a lot of value
there for people that are have sent money to blast as we're
really approaching it at this stage like when it comes to to
the to the money being potentially if you want to get
your money back in so there's that NF TS I mean shit there's a
lot of stuff going on man on the ordinals front over the weekend
doodles are going crazy. The ERC four O fours are losing
some steam here OM BS up like crazy.
I don't know what ZK Shark is up to, bro, but ZK Shark is up to
some crazy shit for sure. Ether Rock selling for a million
Jack Butcher and ACK pudgies breaking 20ES.
I mean there, there's a lot going on.
So we're going to do Market and we're going to do NFT Market
today. And without further ado, why
don't we get this party started? Daily Market report brought to
you by Rug Radio. What's the word?
Just just finished my yogurt. Perfect timing for that.
What kind of? Yogurt was that, was it like?
Cherry It was really nice. It was actually really nice.
I really, really enjoyed it were.
There like chunks of cherry in there?
Or was it just? Cherry.
Yeah, like a little little piece of cherry in there it was.
I really, really enjoyed it. I'm not a big like how.
Much I enjoyed it. As since I was a child, I was
never a big fan of the yogurts that come with little chunks of
fruit in there. It depends on the fruit, I
think. I mean, I wouldn't love a banana
one, yeah, but the cherry one was was fantastic.
Interesting. Yogurt in Europe is bomb by the
way, like when you go to the any like grocery store like yogurt
in Europe is so much better. Anyways, OV obviously we're not
talking about the yogurt market. So I'm really curious now how
big the yogurt industry is. I'll Google that while you talk
what is going on in the market. You talked about CP is couple
numbers this week. What's happened?
OK, let's so let's start with macro.
We. Had a very strong close to the
market on Friday. The S&P 500 is now trading
solidly above 5K5K, seems to be like a support level now.
And tomorrow we have inflation. We have the CPI numbers.
Right now it looks like the consensus is for it to be 3%
inflation. That's versus 3.4% last month,
3% would be matching the low print we've seen in the last 12
or 18 months or whatever. So it's a very important number.
I think in the backdrop of the FOMC that we had the strong
payrolls numbers we've had and really like the the ultimate
what they call the Goldilocks scenario markets really is
really strong payrolls numbers, low inflation and interest
rates, you know whatever like valuing because they don't need
to be that high anymore. It would really be market
scenario if we get low inflation.
So we'll see what happens. I think if we hit 3%, which is
the consensus number, I think we'll rally.
Obviously, if we're below that, we'll rally.
If we're above that, it might cause the market to sell off a
little bit or probably what will happen is rates will sell off
quite a lot and I think stocks won't move as much.
But that's going to be a big number tomorrow.
And look, on the crypto side, things are just, I mean, fucking
hell, bitcoins are 14 by the time I finish speaking Bitcoin
could hit 50K. We're at 49.7 K right now.
Sorry. That's what I was looking at
while you were talking. I didn't mean to like that's
just. 2550 So the the thing that's changed here for crypto
is ETF is the ETF flows. GBTC had it's lowest outflow
number on Friday since day one and we had one of the largest
info numbers on Friday since day one.
And that total net info number, remember that dropped to like
around 700 or 800 million. Well G when GBTC outflows were
hitting their Max, that number is now $2.7 billion.
That's, you know, it's it's an insane number and we're now at
this point where it feels like GBTC outflows have maybe slowed
down, but we're seeing inflows from the other ETFs actually
pick up. So we're seeing this massive net
inflow number every day and if that continues, it's stuff's
going to go mental. I think we're not.
If you can, if you continue to see a 300 to 500 million net
influence in the Bitcoin ETF every day for the next few days,
we're going to hit 100K on Bitcoin sooner than than than
people even realize. I think it's just a question of
how sustained this can be and and how much more we we will
see. But you know, as Michael said
last week, never underestimate these ETF, those because once
they get going, they really get going and as people start to get
money, as the price goes up, people will firm into it even
more. I'll just give you a little a
little story about that. Like we we used to trade, we
used to trade high yield bonds, which is I would guess less than
than 5% of the audience would really know how those price.
But they'll also have a feature where they have a call feature
in them, which means if they go above a certain price, you're
almost guaranteed to lose money. Like they they would actually
trade at a negative yield and no one would ever buy a bond when
when they went above that sort of a level.
The ETFs, when they used to come in to buy these bonds, they
would buy them at whatever level you would give them, right?
They are completely indiscriminate to price.
They do not care what the price is.
They will just keep on buying, keep on buying.
It's like you're facing a robot that needs to buy, it doesn't
care what the price is. It just needs to do it because
it's been given that order and it will just buy the best price
possible. So This is why I'm we're now
seeing 500 million of that sort of buying happening a day on the
ETF. It's not some like smart hedge
fund who's got some like dollar cost average or like has some
interesting way to get into the market right options.
They need to come in, they need to buy Bitcoin.
They do not care what the price is.
If it's a 51K55, they just need to buy it right?
And you've got 500 million of that happening a day, OK?
Or at least you were on Friday and Thursday.
That's going to be going on all the way up to the halving which
is in 50-6 days. I think there's going to be a
lot of front loading here of people buying Bitcoin before
that. Remember they also have a lot of
the fees oriented so that you should be, you should be giving
your funds to them as soon as possible.
There was an, there was an important piece I think in the
Wall Street Journal or or one mainstream outlet last week
which was a big, big asset manager which had about two 200
billion assets in the manager and maybe even more actually I
think it was closer to to to a trillion.
They were saying that we had to go through some, some KYC, but
they were going to start buying relatively soon.
So like you're now starting to see a few funds that had to like
get get over the initial ability to buy these ETFs and now
starting to do it. And that's just going to be a
big thing. You have people like Charles
Schwab saying, you know they might come into this market
which has has a few billion. So this ETF market is starting
to heat up yourself. Hong Kong looks like they're
going to be approving ETFs which would open up all of you know
Asia, particularly Chinese money into into these.
And like I just you just have to appreciate the the, the type of
buy that you're facing like they will just keep on buying like
it'll hit 50K and that means nothing to the ETF.
They don't care about your RSI or the fact that we're eight
days higher. They just they need to buy.
So like, they are not trying to be smart buyers, they're dumb
buyers, but they will drive us higher because of that.
Man, this is, this is wild. I mean, the first, the first
little bit of what Mando was talking about.
God, I wish you were on microphone, you know, since I
would have put some like war music behind it, like that thing
going up. He's like, listen, they have to
buy the Bitcoin. Like they have to buy it.
And that's what we that's kind of the point where we're
hammering home, like when the ETFs craze was going on, we're
hosting it daily. We had Erica Bakunis on the
show. It was like they have to spend
it. They have to buy it, They have
to go out there. Yeah, sure.
You know, it didn't go up only right off the bat.
You know, I was one saying O50K right away, 50K right away,
definitely off on the timing there, but doesn't matter
because we're like a month later right now.
It's exactly a month, right. It was on the 11th of January
and Bakunis was on exactly a month from now on our show and
Eleanor Tourette as well from Fox and here it is, right.
So it was just deferred a little bit and in in that front.
So that's that's interesting to see and of course a lot of
inputs. What's the exact numbers now
guys on on the ETF inflows, I mean Mando, I was sharing your
tweet on the screen earlier. What?
How much money are we talking about exactly coming in daily?
500 million? Friday was 500 million, yeah.
Oh, you, you muted Mando, by the way, but over $500 million?
100 million on Friday, 400 million on Thursday.
So and you're signed to see just huge inflows each day and just
the outflows have just stopped. So remember, remember a few
weeks ago when when I was like oh you know, maybe when G if
GBTC slows because FDX doesn't sell any more, like we could be
returned. That was kind of the lows.
OSF quivered there for a little bit and then got back on the
bull train on that very. Was it the same day?
I think like within 24 hours like you've got an all in on on
like whiff or something like that.
Like it was the same. It was 24 hour period.
It was the same, same day reversal, yeah.
Do you know what, actually? It's crazy OV that sentiment of
yours. There was like the literal stone
cold bottom, or at least on solar.
I knew it. I knew it.
Like when I caught myself after that, I was like, fucking.
I've fucking done it, haven't I? Fucking Martin Lowe.
At least we came back to life 24 hours.
Someone needs someone needs to take one for the team every time
it happens and. Yeah.
I mean, it's not like you lost money because you went back in,
But most people see, like, see, freeze that for a second, right.
Most people slip bearish and stay bearish and are not capable
of like bouncing back and getting back into the trade and
then they stay stabled out. And then imagine the pain of
watching all of this go down like this is like, imagine the
pain of just like, you know, I saw you and DC go at it talk
about this on Friday OV and he was like, you guys were both
like, look this. I could, I couldn't imagine
being stabled right now. Like, it just doesn't feel
right, you know? I cut my position on Tube and
then Mando helped me, you know? You know, we refocused a little
bit of it here and there and I'm here.
I'm like, I'm glad. So I just you so much sun I
just. Need to Oh, yeah.
I'm so sorry, dude. I'm so sorry that's coming in.
Yeah. Yeah.
Lot of sun here. Yeah, yeah.
Look, he gets, he gets to, he gets to flex the sun.
Once once a year, right. Once a year.
I'm. Actually I'm actually in London,
so like, I know it's not that sunny, but wherever he is, is.
Good. Only in his face, clearly.
I did see it. Yeah, I just had to shut the
window because of of how sunny it is in London right now.
Just, yeah. It's actually the weird thing is
it's actually nicer weather here now than it was in July when I
came. When I came in July for like a
month, it was like the worst July I think I've ever been in.
I was there. Freezing.
It was freezing and it was wet and it rained.
It was just like it was just so grim.
But yeah, look, I think I think what you're seeing is now
Bitcoin is obviously leading the market.
We we this is exactly what it felt like when Bitcoin was at 26
K and it moved up to like 35 K and it can be a little bit
frustrating if you're in altcoins because like they
haven't been before in that great like it was really, it's
really Bitcoin in that way. I am getting very, very bullish
on ETH. Again on the back of this, I
have to say like I the fact that that we now have potential in
ETTFI think could really carry that.
Like now we're seeing such strength in the Bitcoin ETF and
you have this indiscriminate buying, people will start to
realize how big that could be for youth.
So for a long period I thought ETF could underperform and it
has like ETF, ETF bitcoins underperformed, these Solanas
underperformed. I do think that this is going to
be a strong period now for ETF if if it looks like they're
going to get it, the speculation that this sort of a move can
happen, this sort of indiscriminate 8 days higher
buying and we're probably gonna do 9 and 10 and 11 day days
higher buying that that people gets people pulled up on ETH,
right? So I put on some ETH trades
today. Let's go.
I do think ETC is back to 0.051 and it hit 0.06 just a few weeks
ago, so I think that's a great interest.
In ETH. Yeah, exactly.
I looked at that. I was like people, people get
bullish on this again. Like I've I still think, you
know the whole modular thing for ETH hasn't been that great.
Like even right now when I thought about getting long ETH,
I was like oh, should I get long of or optimism or lighter like
should I get wrong And I was like this that's why ETH sucks,
because that's why it keeps on unperforming because you want to
have that one thing. But I do think ETH here could
could really bounce back. I do think that Bitcoin
dominance could go still go to like 56%.
I'm not saying that that Bitcoin dominance can't keep on going
higher, so like, it's tempting to go like down into alts here,
but do you think that big Bitcoin I?
Don't know Bitcoin LED run here? No.
Yeah. For now, for now of.
Course, I think. That changes and then there's
going to be a monumental catch up.
There is going to be, at one stage, monumental catch up
there. You could see it go at least
back to you've been seeing 60. But I I I see it.
I see it. I don't.
Know, I think, I think it can continue to rise over the next
few weeks and months because the actual actual buying is
happening in Bitcoin and not other altcoins, you know, in in
other altcoins. It's just us chasing around
random stuff, right? But Bitcoin is where the new
flow is coming into right now in May that will change when the
ETF gets approved and you'll have more money coming into ETF.
And I think that's the point when you have to see that flow
and maybe some of that flow gets front run as we get closer to
the 23rd of May. But I think that's the point
where you start to see the real alt season come.
And I know it feels like maybe we've had a bit of an alt season
because so many alts are up like yeah, 3510X whatever it is.
But Bitcoin dominance right now is actually pretty much at 12
month highs, you know, or if not just office.
So we haven't really seen the big move in alts yet, which is
crazy to think because lots of people will be listening to this
sitting here thinking, you know, Solana's up, whatever it is, 6X
from from where it was in in November.
And I feel like I've missed that move.
But if this keeps going, I would really, really not fade how much
alts could move later in the year.
And for me, the real catalyst for that probably is going to be
post ETF. So we still have some time, but
unless they. Coming closer.
Unless they they get it. Unless they.
Unless they prove it earlier, yeah.
Question. Remember that type table I used
to always bring up on the show about the Bitcoin ETFs and the
deadlines for Bloomberg Terminal?
Do we have that for? Does anyone have it handy for
ETH? It'll be made, it'll be, it'll
be made at it that that, but. Do we have the timeline like
when's the next deadline you remember from There's four of
them and the 4th was final, which was the one where they go
to prove in January? I did.
Shirley Bakunis is like fucking all over this thing.
Someone do it but I I would just put very very heavily that this
gets done in May. Like they there's I just they'll
they'll just make up stuff to to delay it like and I remember
like the ether like the SEC are slightly fighting here like you
saw happen with Promethean last week.
Like they're probably going to play for time as much as they
can to see if they can get any of these court cases go in their
favour. They've got kind of nothing to
lose really to keep to keep to keep the process going.
There was some speculation on the weekend and on Friday that
the SEC is about to be gutted of top crypto staff, which could,
which could be an interesting move.
Like we could see a lot of people.
Yeah, I think it went, it went viral, but like they're going to
lose a lot of important stuff, which is interesting.
So maybe, maybe we start to see like Hester Pierce come through
this, I mean. That's my peer right there, Team
Hester Pierce, let's go. Hester Pierce.
Yes. The main thing that I like about
what she seems to be pushing forward is not she does want
some form of regulation, like she wants stuff to be called
securities and securities and stuff isn't.
We should be pushing it through as quickly as possible.
She also has something called a token safe harbour plan.
So any token that currently exists, she wants there to be a
token safe harbour IE you would not be prosecuted for any of the
any of the issues during launch. Basically like what you would
normally see with a lot of like new tech like often regulations
gets waived and then they kind of deal with it later with some
sort of safe harbor. So she's that would be really,
really big because it would mean that all the current court faces
that everyone's facing or scared about facing could be could be
fixed. I love that by the way.
She's I loved her post about being at East Denver and like
people putting her e-mail out and saying that, you know, for
people that wish to meet with her or interview and stuff like
that. So she's actually like actively
going out there and trying to learn more about the
cryptocurrency ecosystem and she was the biggest.
I remember when the ETFs were approved, she put this great
piece out the day after, I believe actually even quoting
Shakespeare in the title, which was pretty great and and putting
people out saying that it should have been done faster.
She's the one who actually disagreed.
The next day that the whole Blaze Cats thing happened with
the SEC saying like what? Like you can't just say that all
NFTS are security. So she's been like a very, very,
like, you know, outspoken, may I say, when it comes to talking
against Gary Gander, this is a scoop right from Friday OV
February 9th. So the SEC Gov bracing for major
exodus among senior enforcement lawyers in its crypto assets and
cyber unit. According to officials at major
law firms who have seen several of the resumes, Fox Business is
withholding names to protect privacy.
The moves suggest that the bleed of senior staff under Gary
Gensler's controversial leadership of the agency is not
letting up. So that was the news that came
out on on Friday, which is pretty impressive, pretty crazy,
sorry. But at the same time, like not,
you know, it's not really surprising to see something like
that. So there's a lot, there's a lot
going on there and you know, it feels like everything's aligning
for crypto at the moment and you love to see that.
So don't want to jinx it. Of course, we'd love to see
Bitcoin hit 50K on this show, lads.
Is it going to happen here? Is it going to happen here,
boys? Let's watch it.
Blow on it. Blow it.
Is it going to happen here by the way just I'll use this time
to remind people that we are live on video.
There's about 200 people watching us live on the stream.
We've all posted the broadcast so you can watch the the show
every single morning at 10:30 AM live on the Rugby to YouTube or
on X directly on the film hour page.
Mind Mandos or O VS. And you can even like close a
little tab and like browse your phone while watching us even if
you're off the app. So that's something.
I feel cool that that is cool. And we're still giving out
$50,000. We still have $3000 left to
give, boys. So we're giving it out today,
tomorrow and Wednesday if I'm not mistaken in my number is
here. So all you have to do is retweet
the space. So at the bottom right there's a
there's a purple box, there's already 211 retweets.
So you have to retweet that and and you're going to have a
chance to win $1000 credit to your robot account if you have
one. Of course to make one it takes 2
seconds using your meta mask wallet and we'll credit you
$1000 and you can do whatever the hell you want with it.
That's on you. So we've been giving them away.
We usually pay out same day and then tomorrow back to the loot
boxes. So which is going to be fun.
So make sure you follow Thermo hour FOMOHOUR.
And also oh we hit 5000 followers too.
Let's fucking go. Pew Pew Pew Pew.
We should love to see that. Oh we Oh yeah, it's true Mando.
We said we won't host until unless we have 5000 followers
today. What was 5004 Four?
One of my one of my group chats said there's $1.5 billion of
short liquidations if Bitcoin hits 50.
Ki don't know if that's true or not, but there was there.
Was a few days ago when it was a 45K.
You can see it on like the liquidation heat map if you go
on to. If you go on to coin glass like
you can see it but it was Amanda Minutes headline.
If you. If you if you were following,
yeah, we give. It You're giving away $6900 to 1
lucky winner this month, so make sure that you subscribe to
amandominutesmandominutes.com. All right?
So that was good, right? And so?
So where do you see that? Amanda, can you just lead us
here? So.
Liquidation heat. Liquidation here, that's for big
point, right? Oh, it's on the right one.
That's it, right? No.
So hover over, hover over, liquidation at the very top and
then liquidation heat map. Yeah.
Which model? One or two?
So largely like this looks very different to what it looked like
before it it it used, yeah. So there are some, but the the
the a lot of people have been liquidated on the way up there.
Good. So it's that.
Pick one there at 49 K, right? Couldn't be me because I ain't
short. So nasty little bears here
getting liquidated must suck. There's a reason why they
hibernate in the winter. So you know you.
Maybe you should have done what the actual real bears do here in
Canada. Is they hibernate?
They hide down, you know, with the squirrels and everybody,
everything else. But now, if you were a bear
going to this winter, you're now just a little, little teeny,
weeny little squirrel. This is what you're down to now
with your position. Couldn't be us anyway.
So we're at 49. Wow, boys.
I guess. Pretty good.
I'm such a bull tard dude, I kind of I want to stop hosting
until we hit 50K. Can we do that?
Like can we just? We're just edging 50K look.
At it. I just want to see it happen on
the show. I don't want to celebrate it.
Like once they hit 50K, let's just not even celebrate.
Let's just. Go like, let's just let's just
turn off the show when we hit 50K.
Let's just hit 50K. Yeah, You want that, Huh?
What do you have to do now? I've got.
I've got plenty of. Things I'm playing I'm playing
so let's let's let's see this going on anyways love to see
that love the market pumping of course so the the rest of the
market is also looking good. So earlier I was, I was sharing
the top gainers, top losers here on here obviously like a lot of
a lot of top gainers mostly happiness of beam up 15 points
meter protocol 10 points IMX eight points stacks optimism all
these are up sweet already. I mean everything is really like
you could just really close your eyes and throw them on your 100.
Huge weekend for gaming. Like really, the two really big
things happening right now in terms of narratives for last
week have been gaming and and AI.
But gaming, you've had beam zai, you had yeah you had IMX
obviously, which is very heavily linked towards gaming.
You had Super, which is the the like super verse.
That project's up massively all up like 3040%, like massive
massive moving gaming. There was that there was that
game that came out which yeah, which ran up to like a few
billion dollars and only has like 1,000,000 downloads like it
is. It is like insane run up.
Can I ask where that came from? Like I saw it over my timeline
and then I saw some controversy around the million number, but I
don't know. It's been a hot topic because I
think people got wrecked buying these sort of narratives in
2021. You know, like, oh you know like
a game blockchain game, billion dollar valuation.
Like there have been some that continued through the bear and I
can only remember like things like Alluvium stuck around.
Things like things like Star Atlas stuck around but a lot of
games got run up to billion dollars and they ended up being
nothing. So there's a lot of sensitivity
around this from some of the O GS Marvia has like 1,000,000
downloads which is sounds a lot, but like isn't isn't that many.
Like there are games like for for games you kind of be
working, you'd have like a million active users for it to
be to be like a proper game and it ran out to like a $2 billion
market cap. And it it it was, it was a
popular token sale at the back end of last year.
People got in like seed or or one of their token rounds.
So it's it's like it's been called Web 3 Fortnite, but a lot
of things have been called similar things like that.
And so people got a little bit sensitive around like the idea
that a lot of influence has got into it and maybe there wasn't
much behind it. So it has dropped a lot today.
But like there's a lot of games like this like valuations right
now if you're trying to make sense of things don't really
make that much sense. Big time, big time has like a $2
billion market cap that that moved up massively.
Like a lot of, a lot of these things have barely any real
products which are having use cases apart from like AXI
Infinity, which has got, you know, still got millions of
users. Yeah, there's a the gaming feels
feels hot, but that's just the market that we're in.
Like you can either fight it and go like this doesn't make any
sense or you can recognize that people want to spend money on
gaming and this could, this could continue to run.
It's the same with AI like Kyle Simani, who's like a very
popular VC, the guy obviously invested in like Seoul and say
you know him, right for a you know.
Who? Kyle Simani.
Yes, no, no. Like like he's Persian.
Like I have to know the Persians like is that like?
Whoa, whoa, whoa, whoa whoa whoa.
Why is it always? Why is it always a wide Britt
like making all these comments about?
When we go back to the last episode, you said I know this
guy, so I was like, OK. Yeah.
Happy beers, my friend. Yeah, yeah, of course.
You know, I I think it's the best for laughing in Paris, He.
He put out a tweet. He put out a tweet on the which
got a lot of attention over the weekend saying that Tau bit
tensor, I don't know if you've seen this makes zero sense,
makes zero sense. And I I I don't know if I agree
with him or not. Like there's clearly some value
in the intersection of AI and Bitcoin AI and and AI and
blockchain. I think even I read today that
Open AI, their next big thing is creating these AI agents.
So basically robot cells just do things for you without you
having to worry about them and that people have been saying you
know, crypto is just the perfect rails for that to exist on.
That being said, what what bit tensor is doing is, is more like
I know creating like different AILLMS basically on different
different parts of parts of the network.
It's it's like it's a difficult thing to imagine.
I don't know, like I I can understand why, he says.
It's not going to be that that valuable.
It's run up massively. It's now like 3 billion.
It was it was trading at under 1 billion for a long, long time.
But none of the AI meets blockchain solutions right now
make a ton of sense to me. A lot of the gaming ones seem
massively overvalued. Do I think they can still do A5
to 10X? Yeah.
Like it doesn't matter. Don't describe it, but like,
people are just going to buy this stuff because they want to
get involved in hot sectors. Yeah, I mean, look, sometimes
you don't have to make sense of things.
You know, It's so like, you know, like we were talking about
this last week when you were describing the Jupiter trade.
You're like, look, maybe it just doesn't make sense, You know, It
doesn't have to make sense either.
A lot of the things in the space actually feel like a lot of the
top projects in NFTS or crypto or coins and stuff.
A lot of them don't make sense. But hey, it is what it is.
It is what it is. So that's that on that front.
Quickly before I go on to NFTS and let's breakdown because
there's also a fuck ton happening on that front OV you
put a tweet out this morning about blast blast off.
So you said first of all there's a tweet saying you claim the
token called risk token. So good luck with that one.
Know what that means? And the second one is though of
course that's such an Ovi thing to do dude.
Osf dot blast is going to be like #1 wallet on every single
blast. Shit coin for sure.
And coming coming to main net near you soon as soon as we make
it out the multi sig level. But Ovi you put out you put out
to say my my bet on the next meta is blast.
Reckon we start seeing some air drops for bridgers when mainnet
goes live this month and there's $1.5 billion of TVL on there
which you can assume is D Gen. because we we've all just one
way bridged into a multi sig lol.
You're spot on here, by the way, So what is, what is a Thesis
here? Share, share with us a thesis
when it comes to when you think the blast and and the meta
coming up, because that's around the corner.
I just think it's quite clear right now.
The market moves in metas and we had, yeah, a period of soul shit
coins. We had a period of shit coins
and all these different chains. We had a period of base shit
coins and we had ERC Four O 4 and 2071 or whatever it is in in
the last week. And whenever there's something
new to the market, people want to ape it because it's, you
know, nice and fresh and it doesn't have any old bag history
and all that kind of stuff. And so BLAST is something I
think a lot of the market I think is a bit asleep to
actually. I think there was this whole
thing about it being a multi sig and people bridging it one way
and not being able to get their money out.
And most people I speak to who are who are not bridges, when
you mentioned BLAST, they're like oh, but isn't it just a
multi sig? There's no, there's nothing
there. But actually they're launching
their main net I think within a couple of weeks or you know,
maybe it's a big job to get done, but hopefully it's going
to be within a couple of weeks. It's supposed to be in February
and with that we'll launch all the other apps on on their main
net and there's if you're going to the Blast Twitter page,
they're doing this Big Bang competition right now where it's
like, you know if you're building on BLAST you can have a
chance to win some BLAST, etcetera.
There's like tons of different things being built on it right
now, many of which are probably closer being operational.
Whether it's Dex's, whether it's social Fi, there's going to be
meme coins on there. Loom darts launching a meme coin
on it. It's going to be there's there's
there's there's a lot on there. So it's it's not nothing like
there's a lot that's about to launch on it.
And I think if you're someone who's bridged onto blast for the
last few months, you will probably get air drops and a lot
of the stuff. But even if you haven't, I can
just see there being a lot of attention on this.
Because you know as it stands, like I said in my tweet, there's
one point 1 1/2 billion dollars of TVL on there and you have to
imagine some of that will go into aping some random stuff
that comes to BLAST when when it unlocks.
And it just seems obvious to me now that this is going to be an
interesting one in the next two or three weeks when it launches.
There's not much you can do right now to get access to it.
Like maybe if you bridge some ether blast right now you'll
you'll qualify for some snapshots for air drops.
I don't know what the snapshot dates are for various air drops,
but it's it's the next thing I think it which is going to take
a lot of attention within CT. How long it lasts is is another
question which is what you told me earlier this morning for
which I think you're you're dead by.
It's on. How long it lasts is another
question because the market moves so quickly.
But I think this one is going to get some good attention just
because of the people who are involved in it, and it's one to
watch out for, I think. OK I.
I think what I was going to say there is is I didn't, I didn't
bridge the blast like the I was going to put.
I was going to do the same trade that OSF did and I was going to
put 1000 into Blast and then I ended up buying 1000 Eats worth
of Solana. That was like I was like, right,
Can I do that? Can I do that?
I do think having now heard and I know someone who, who who
knows Pac-Man quite well and speaks from on a strategy level,
like he's pushing for things that aren't just like the
Uniswap of Blast. He wants like new things.
He wants this to be kind of like how they're looking at it at
base where it's like, right, we're creating something new
each time. And I think he's really pushing
for innovation in some of these. So I I think I would I the
reason I agree with this is not only because it has a lot of
TVR. Assuming the TVR is, it can move
off quite quickly. You've seen that with some of
the other L TS like it, particularly here, it can move
on quite quickly. He knows how to create a good
Ponzi though. He knows how to keep people
engaged. So I'm sure there'll be
something like you stake your blast and just like with Tia, or
with zai or with. Oh, you're gonna get points to
the next thing of. Course or with say, yeah,
obviously you're gonna get points to the next thing.
Like you're gonna get, you're gonna get, right.
We're gonna give you these five air drops coming up that a lot
of people are doing that. A lot of people are doing that.
So like, I do think you're competing in a, in a, in a, in a
in a world where Jupiter's gonna be doing that.
Tia's gonna be doing that. Say is gonna be doing that.
There's a bunch of other people trying to a lot bunch of L twos
are even trying to do that. But what I do think is that
they're going to they're going to get some really innovative
stuff on on blast. I think the FUD stage, like OV
says it's a really great stage because the people that have
stuck around, I have no doubt that now going to create
something pretty Ponzi like and it's going to be really
profitable for the people who stuck around.
So I think this is the period where I I'm feeling FOMO about
not going in and yeah, I'm going to look at as many things on
there as possible I. Think you did pretty OK putting
1000 eats into the soul. So this you know, just in case.
This is the bit where I can really catch up.
It can really catch up very, very like that.
Trade I think is yeah, it was up like 6070%, but I think this is
where you can make not only you going to make money on the boss
AirDrop which says like 15 to 20% or maybe maybe it's 20 to
30% depending on how he does it. I think you can now make like
510% on a bunch. Of different airdrops, Yeah.
OK. That's interesting.
So there's the blasting. Yeah.
I mean, I don't doubt it. I haven't been part of the
trade. I'm going to get some points,
I'm sure, because I stay want to put like 20 bucks in it.
But I can't wait to see what happens with that.
I I that's what I was telling you.
It's like, hey, there's so many metas.
Maybe it isn't made out of this taste.
We'll see. I'm just really curious what
happens once it unlocks. Right?
I, I, I, there's they're really good at they're like mendels.
They're really good at running a proper like a.
Proper. I bet you anything when the ETH
unlocks, he will say double points or triple points until
May and everyone's going to be like fuck.
You know, there's a, you know there's an announcement already
drafted for the moment it unlocks like, yeah.
And you know, I think, you know, I really thought a lot of my TVL
would come and the TVL will drop when it unlocks.
To be clear, I thought a lot would come off.
And even myself, I was like, when this unlocks, I'm just
going to put it into Seoul or whatever.
I think that will do like a 3X. But I think when once people get
some of these air drops and once they start to do well, I think
people will be like, oh damn, I wish I was, you know, kind of
involved. And you have the big, you know
you have the big treasure at the end, which is the blast token
itself. So my guess is you probably get
like double points for February until May.
And in the meantime, hopefully you you start to be able to
claim some other air drops from other tokens on blast, which
kind of boosts your your return. Yeah, yeah, yeah, yeah.
Speaking of blast, here we go. I mean, we did touch $50,000 on
the dot on finance. We hit it on Coin on Coinbase.
Just saw the decrypt article go out.
Bitcoin breaks 50K for the first time since hitting all time high
in 2021. So congratulations to all the
believers out there. You know, it feels good.
It feels feels really fucking good.
God damn it. This feels really good.
Boys, this feels great. I'm not your fork at all
actually, but for once, which is weird, but this feels really
really good. Damn.
Fuck. We made it out the mud.
We were just the $15,000, dude. Just a little over a year ago,
dude, we. Haven't even seen the ETF
numbers yet, have we? But they must be if someone
knows about them. Like obviously the the
blackboard lads like, oh, we've got big info number let's buy
some Bitcoin today, now. Dude.
They're going to be with market. Markets afterwards.
Yeah, we're going to do the same tomorrow and the next day and
the next day and the next, You know what, these two.
Ed Monahan sitting there got got ticket through from the PMS.
Dude, fucking Baku I. Want to buy BlackRock Buys
BlackRock Buys 573.32123 Billion.
Yeah. Who are you making for another?
43 billion from another PM Who? Are we making from?
You're just remembering how like the tickets used to come in
through BlackRock. Like it would always be some
obscene size and just put in, put in like a group chat and
just be like, oh fuck, like it would be a bond that you knew
didn't have. Or like, like it would be
impossible to do and you have to show them a price because it was
BlackRock. But they aren't just doing this
in in Bitcoin right now. That's crazy.
For them, it's great like that. The more it goes up, the more
they get paid, right? Dude these guys are getting paid
right now. Like dude, picture this right?
They they they they took it, they took Bitcoin all the way
down to 38 K just like 2 weeks ago bro.
They literally dumped it down to they they let GBTC do its thing
and now they ran it back up to $50,000.
So the the the the BlackRock buys at 38 are up 12 K of
fucking corn. Yeah, and Hong Kong, Hong Kong
ETF to come in live soon. Hold on, I got to put a tweet
about 50,000 Bitcoin one second. Should we get to end?
What's going on? Let's talk about NFTS one
second. Let's talk about NFTS.
We everybody's got a tweet about $50,000, you know, like like we
got a, you know? Someone, someone yesterday
tweeted. Imagine if we see a big inflow
on Monday. 50 KS sooner than you Think.
I don't know. Yesterday on warp Cast I put a
poll out saying are we going to hit $50,000 tomorrow?
And it seems like a lot of people seem to be saying we're
saying yes. So you know forecaster they're
lies. So you know if BTC going to 50K
this coming week. I said tomorrow, I said this
coming week to play it safe. I didn't want to be that guy
saying tomorrow and then we hit like 40K and I'm top signal but
and then out of that poll 100 and 2064% of people say yes but
14% responded they have no idea what what what they're talking
about so love to see that. Anyways we could argue though
before we go into NFTS that Joe Biden or should I say what dark
What like that's his alter ego or whatever Super cringe weird
though not gonna lie his alter ego called dark Brandon so dark
Brandon is the one that took us to $50,000.
So yesterday as as unless you lived on the rock was Super Bowl
and and and you know Taylor Swift won the Super Bowl and and
Joe Biden then posted laser eyes is that why we're at $50,000
today So it turns out just for people who are like curious
about this because I thought it was I was like wow I was like
this is the greatest hack ever. Like they hacked POTUS.
Like this is insane right. But when we go to the alt thing
here it says Dark Brandon and a quick little Google search of
who Dark Brandon is and you'll you'll find out that Dark
Brandon is actually the alter ego of Join Back Joe Biden.
So it's the mimetic alter ego that POTUS is is is is using but
he's using laser eyes so I I find that kind of funny.
So Dark Brandon makes appearances at the Yeah yeah
there it is. There it is.
Dark Brandon for everybody. Anybody who's curious, this is
dark porn the. Podium is yours.
I'm going to be fine with your jokes, but I'm not sure about
dark branding there. You go this man right there.
You see this guy right there? Whether you like him or not, he
just sent Bitcoin. 50,000 in the United States.
Dollars. OK And I have no skin in this
skin. I have no skin.
I am the hat. I'm with hat.
We are the hat of the United States of America.
That's what they call us in Canada or the hat.
So Speaking of with hat OV before we go to NFTS, your coins
went went crazy this weekend. We're back, yeah.
That was nice to see sitting above 308 right now that went
to, what, 350? Yeah.
It dropped all the way to like 170 I think.
And it's back. I mean it did a billion dollars
of perp volume on Saturday with half of that being Binance.
So the the perp volumes are completely mental and there's no
Binance spot listing yet. It's just perk listing, same
same for buy bit, I believe. Yeah.
But yeah, I mean, you know, at this stage with that much perk
volume, it'll be interesting to see what happens in the next.
Few years the other point that went berserk and it's funny.
Friday night I passed out early and I wake up the next morning I
had a call from K money. I missed FaceTime and I'm like
did you call me last night He's like loli called you in the
middle of the mug pump. I was with the with all the mug
crew and I and we wanted to say what's up And I'm like damn it,
I missed that call and I love those guys.
You know they came to the our house and everything.
I mean look at this breakout on mug and it went all the way up
to 90s. So what's the market cap at 90s,
right? I don't even know what it is
right now. It's sitting at the 30 years.
Close to 30 years. 36 mil, so that's at $30 million.
I mean look at this look. At this.
Look at those Lions. Look at those.
Lions. Hey, you know what?
You know what's funny? You know what's funny?
Are they? Have they?
Are they not telling a story? Have they lied?
You you know, you make fun.
You know, I know you make fun of the lines.
But have they lied? Trader Trader FS.
Trader, Trader, FS We got it. We.
Got a trader. I just, hey, I just want to put
it out there. I got into mug the first day
came out a $1 million market cap.
So you know, OV did as well but thought was much bigger size.
His size is definitely not my size.
But you know, we trusted the line.
We trusted the process and here we are.
You know, Vipers stay on, hat stays on.
You know that's what's up, that's what's up.
You know the reason why the lines on these things is because
and I've told that to the boys before so that's for the
timeline. Now that's probably making fun
of me is because every redacted meme coin trader thinks that TA
works. TA doesn't mean anything.
But they still believe in those levels and I'm convinced that it
works because like every person that's like a one day trader and
you know, and then they're going to go, oh man, let's go, let's
do some TA on these things. What are my levels on my?
New It's nothing to do with like people who snipe early wallets
or Jeep, the top or nothing. Nothing.
It's just the lines. It's just the lines and the.
Numbers. Two things in this world that
don't lie. Men lie, woman lie.
Hips and lines don't lie. OK.
And lions don't lie. And so far, hey, don't get OV.
You know their their lines don't lie on whiff.
I have to say, their lines have been pretty accurate.
I've even started asking you for the Lions recently.
I'm not even. I don't even do.
I drew 3 lines. I'm not one of those that does
all this crazy fucking dumb shit.
Three lines, 3 lines. Deviation Bruv.
Deviation bruv. Yo.
That's a deviation bruv. Deviation bruv.
You know, Trader, Trader. You know what?
It's not looking good, bruv. It's not looking.
Good, no pulse. I think we're going to bring up.
We. I think we've just created a a
meta here. I think we've just invented the
Trader FS meta. We're going to have a segment
every. Week for sure.
For sure we're going to have Trader FS where I just, I just
talk about like my redacted lines.
We're going to call it the redacted lines on on meme coins,
right? Anyways, quickly, let's talk
about NFTS because we don't have 5 minutes left and I want to
talk about these. Let's put DJ's, finance DJ's,
finance DJ's. OK, there it is.
So NFTS, the project of the weekend for sure.
Pudgy Penguins, I mean pudgy Penguins took all the attention
once again. They had this dip to 1516 and we
all said on the show it's normal.
A lot of people were laughing at it on the time, which I found so
ridiculous. You really think that they
wouldn't have more in store and they skyrocketed through 20 ETH.
So big congratulations to the honestly the whole community at
this stage. This is really good to see.
It's super healthy for the NFT ecosystem because it's good for
rotation, it's good for people making money.
Speaking of rotation, this guy called NFT shit was one of you
guys, community members, well now ours as well sold a pudgy
that he got for free last year or like almost free.
So he held it one year, sold it on Friday or Saturday for 20
ETH. So $50,000.
I bought 3 little pudgies with it, which by the way are now up
30%. Oh sorry, they're down a bit but
they're up to tweets. So he's up.
So he bought them at 1.7 E bought 3 little pudgies, 10 rec
guys and 20 rug radio NFTS. So I I love that And I was
talking to Luca Netz about this and I was like saying hey, like
thank you for your work because it's actually helping the
ecosystem and people are rotating into other into other
like not coins but you know NFTS.
Do we think this is a do we think this trade's going to age
Well I know where bias here but you know I think it's one of
those rotation trades that could age pretty well on the long
term. Short term, yeah, sure.
Pudges probably have. I think pudges run to I think
pudges is going to be like the board ape of the site.
I don't want to say like this I hate it which ways.
I think pudges can have a board ape esque run this cycle but
other NFTS are looking good here.
Do we think this is a good trade here from from NFT?
Shit. Yeah, I think.
I think the party's trade is, is is largely well a large bit of
it is now the airdrops trade as well like you get a you're going
to be getting like wormhole is pre market right now at I think
12 billion I think I saw. Wow.
One was at 12. Bill.
Fuck. Yeah, what me doing that's?
Mental dude, I I I stormed the fuck out of wormhole by using
Mayan finance to buy my soul. Then I think you maybe get some
wormhole like it's 12 billion that's what people that's what
it's in pre market. So that's going to be a
relatively big one and then for a.
Bridge. Layer zero, obviously.
It's not any bridge. It's dreams.
You're selling dreams.
This is what crypto is about, right?
You're just selling dreams. Is that OK?
Well, hold. On first of all, first of all.
I don't know. Are they?
Getting wormhole. I know they're getting layer Z
right. Are they getting wormhole?
You know what the ticker is? The ticker for wormhole is
literally doubly. Yeah.
Ticker. This is literally W is the
fucking ticker. And you don't expect this to go
over $10 billion. The.
Ticker is doubling. Yeah, the ticker has always been
mugged for it's worth. But look, was that true?
That was interesting. And I and I honestly thought it
was really cool. So shout to NFTC definitely
deserves a shout out on the show or for making this move.
I mean, that'll be interesting to watch.
So Pudgy Penguin Eco is going through the roof.
It's at 20.6 ETH right now. So love to see that so way and
with ETH pumping, right. So way above 50,009 stars for a
flightless bird. My buy is aging really well.
Average two buys at $4000. Let's fucking go.
Thank you. Luka Nelson team for the Stimi
here. And congratulations to everybody
who cooked the pudgy trade. Like that guy who bought 50
pudges at .2 ETH. That guy's cooking right now.
He's up. Yeah.
He's up 100 X on that right. So so that's that's not a bad
trade with E being up like also 100% so that's really nice.
Doodles are going crazy 3 1/2 ETH Julian Hogan is coming on
the show this week so we'll be able to question him and and
fire fire questions at Julian on the doodle side this week, I
believe on the 15th if I'm not mistaken.
But we'll confirm Camp I pandas above 2 ETH.
Love to see that shot to iceberg cooking crypto punks above fifty
80s. What's up?
You had the Mavia Land, which similarly that's related to the
game. You had a couple of the OMB, the
on Bitcoin, are we just doing ether?
Yeah, let's. Go let's Let's not Bitcoin.
I'm on Bitcoin here. Yeah, so Arsix obviously fell
after we spoke about it, Casey said.
They're not going to be one of the 1st 10 inscriptions.
The OMB, they've got a new two. They they inscribed 200 new
pieces which I think are going to be for OMB holders.
So they're up like 4040% on the back of that.
But other than that it was pretty quiet.
I think generally most things have slightly dropped on on on
that side. Obviously Bitcoin, it's ripping
right now so part of it's that. And then yeah, the whole ERC
Four O 4 movement kind of just didn't die.
But definitely took a took a the nose dive, yeah.
Took a. Took a nose dive.
I mean, I think it'll probably come back, but like you, you
took at least in some things. But yeah, the Pandora dropped.
He's not like that has to come like it.
It was an insane pump. Yeah, well yeah, it dropped 50%.
So a lot of those related coins are down as well today, but not
a lot happening in shit coins actually, because a lot of the
old coins got smashed, right? So people weren't really playing
like there's a Pepe coin on Solana.
It went crazy yesterday. Don't own anything, but it's
crazy. Which is which is now at
15,000,000, which was at like 3 million, which is which has been
one of the main things that wait.
Hold on. Is it at 15 right now?
I didn't check. Yeah, it's at 15 now.
Bro, Ben White are VP creators in the Ruggedo team chat on
Sunday morning. It's like, have you guys seen
this peppicorn on Soul? It's a 3 male.
And then Bernie and I were like, fuck, we missed it.
I think it's a four. It's like it's like an
equivalent of a 404 and I need to double.
I need to make a smaller version of that.
OK, I see and then I. Actually don't know.
I there was one which is like that it may not be but there's
yeah it's that's a 15 that that was like the main thing.
But other than that like most things didn't really do that
great over the weekend in terms of all coins or shit coins.
There was just a bunch of. It's NFTS, man.
The narrative is back into NFTS at the moment NFTS are pumping.
Yeah, NFTS pumping, we've obviously had a big weekend, but
most of the other things honestly didn't do well.
Yeah. And the Etherox 74 and 46
selling in the past 12 hours for a total of 380 E so $945,000.
As you may know, this piece of fine art historical.
It's being sold at Solsby's guys.
We we put the rocks up at Solsby's man.
And that means we as an industry, like we're so back.
We are so back. I love everything about this
ether rock thing going on right now.
How some people cheats about it. Some people love it.
I'm on the side of people who love it.
Like I just say it's so good. Like fucking ether rocks.
Zolla bees never forget the day I passed on one.
I was in South of France in 2021 this summer, enjoying the bull
market and a friend of mine's like yo split this ether rock
with me. Halves 9 ETH.
I didn't answer him so he gave the opportunity to somebody else
and then they made $1,000,000. So that's the story of me
skipping on half of an ether rock.
So with that, let's pick the word.
Wasn't there that story about that person who did that as well
and like he's he didn't split it with his mate?
Do you don't remember? That one, Yeah.
Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
He fucked his mate up and then it pumped and he sold it.
And then that that he did. Yeah, yeah.
And there was a threat about it. It's not this guy, but there was
also a story about that, yeah. It got stolen, right?
Or something like that And. Mm hmm.
That's it. That's true.
That did happen. I remember that.
Anyways, we should pick the winner for the $1000 Daily Robot
Giveaway tomorrow. Reminder, we're giving three
winners tomorrow $1000 and two loot Box spins.
So with everything being higher. So hey, the two winners of the
Rug Radio and FTS if you won on Friday I our stuff went up like
.1. EI think was up like 30% over
the weekend, so happy for you.