1 00:00:00,160 --> 00:00:03,520 Yeah, this isn't looking good. It's because I'm upstairs in the 2 00:00:03,520 --> 00:00:06,320 new house and I haven't sorted the Internet up here yet, so me 3 00:00:06,320 --> 00:00:09,960 hosting maybe not the best idea. Don't really know what to do 4 00:00:09,960 --> 00:00:12,680 now. Fucking great. 5 00:00:13,760 --> 00:00:16,200 Feels feels too far gone at this stage. 6 00:00:16,200 --> 00:00:17,640 Can you? You can at least see me on the 7 00:00:17,640 --> 00:00:19,520 video, right? I can see you on the video. 8 00:00:19,520 --> 00:00:21,400 Yeah, you were a bit delayed to me. 9 00:00:21,640 --> 00:00:24,200 And if you want to like leave the video and come back in, 10 00:00:24,200 --> 00:00:29,800 maybe. Let me see if I can all right, 11 00:00:29,800 --> 00:00:34,360 let me see if I can just connect to the see I I've got. 12 00:00:34,920 --> 00:00:38,320 I know it Portuguese has a lot of shit, but it actually does 13 00:00:38,320 --> 00:00:41,000 have good Internet. There's one thing that they 14 00:00:41,000 --> 00:00:45,160 spent a lot of money doing Altis, as we know, but Altis. 15 00:00:45,400 --> 00:00:48,280 Portugal exactly. Altis International. 16 00:00:48,480 --> 00:00:49,720 Yeah, Altis International, that is. 17 00:00:49,720 --> 00:00:56,120 Yeah, I got, I got, I got a Wi-Fi extender for upstairs and 18 00:00:57,240 --> 00:01:00,080 the Wi-Fi extender for the upstairs can't deal with fast 19 00:01:00,080 --> 00:01:02,560 Internet, so I had to order another one. 20 00:01:02,800 --> 00:01:04,800 I think there's no audio on spaces by the way. 21 00:01:04,800 --> 00:01:08,200 Do you want me to try and do it? Yeah, why don't you? 22 00:01:08,200 --> 00:01:10,640 Why don't we do that? OK, so you mute and I'll unmute. 23 00:01:13,920 --> 00:01:16,600 How about now can you guys, can you guys hear us on spaces? 24 00:01:20,880 --> 00:01:23,640 I think so. I see like the sound bars. 25 00:01:23,640 --> 00:01:24,440 I can. Hear you now. 26 00:01:24,920 --> 00:01:27,160 We can hear you now. All right, that seems to have 27 00:01:27,160 --> 00:01:28,560 fixed it. Apologies. 28 00:01:29,120 --> 00:01:31,760 Yeah, it's a bit of a shit show over here to begin. 29 00:01:32,760 --> 00:01:34,440 Still sorting out the Internet problems. 30 00:01:34,720 --> 00:01:36,960 How you doing? Market is heading to 0. 31 00:01:36,960 --> 00:01:39,480 Racing to zero, as they say right now. 32 00:01:39,480 --> 00:01:41,200 Fucking. Can't fucking catch a break can 33 00:01:41,200 --> 00:01:42,640 it? Mainly crypto like. 34 00:01:43,600 --> 00:01:47,640 Crypto, yeah. It's just crypto just trading 35 00:01:47,640 --> 00:01:50,520 like shit right now, isn't it? Everyone's trying to work out 36 00:01:50,520 --> 00:01:53,080 what it is because stocks are higher this morning, oil is 37 00:01:53,080 --> 00:01:55,120 lower. So you're sitting there just 38 00:01:55,120 --> 00:01:59,840 going like, well, if it's not the Middle Eastern stuff and 39 00:01:59,840 --> 00:02:02,520 stocks are rallying, then everyone just hates crypto right 40 00:02:02,520 --> 00:02:04,680 now. It seems Bitcoin nearly just 41 00:02:04,680 --> 00:02:07,720 touched 60K again. At least it's putting in that 42 00:02:07,720 --> 00:02:10,639 was a lower high potential, lower, higher low even 43 00:02:10,639 --> 00:02:12,240 potentially. So maybe that's what we bounce 44 00:02:12,240 --> 00:02:14,560 off. I don't really see like that 45 00:02:14,560 --> 00:02:16,760 much excessive risk taking. So right now, so, but yeah, it's 46 00:02:16,760 --> 00:02:20,360 definitely waking up each day for the first time in a while 47 00:02:20,720 --> 00:02:23,120 and you're like, fuck, this could be at any price right now. 48 00:02:23,120 --> 00:02:24,720 You just, it could just fall out of bed. 49 00:02:24,720 --> 00:02:27,400 You feel like, I don't know if you've you've got that feeling, 50 00:02:27,400 --> 00:02:29,920 but the first thing I always check when I wake up at the 51 00:02:29,920 --> 00:02:32,080 moment is crypto prices. It's always just like, well, I 52 00:02:32,080 --> 00:02:33,840 check one crypto price and then I check another one. 53 00:02:33,840 --> 00:02:38,720 But yeah, shit is shit is moving very, very quickly. 54 00:02:39,800 --> 00:02:43,680 Yeah, I don't know. I don't know what's going on. 55 00:02:43,680 --> 00:02:47,520 I don't know why it's trading so poorly because the rest of 56 00:02:48,400 --> 00:02:50,760 traditional markets are training OK. 57 00:02:51,720 --> 00:02:53,520 Apparently there's still no audience spaces. 58 00:02:54,200 --> 00:02:56,560 Oh, actually your space has just got rugged completely. 59 00:02:56,560 --> 00:03:02,840 Do you want me to start a space? Why don't you start space this 60 00:03:02,920 --> 00:03:05,760 this can be blamed on the the wife extender in the new house. 61 00:03:05,760 --> 00:03:10,480 I'm, I'm sorry, I'm sorry. I'm going to start a new space. 62 00:03:16,000 --> 00:03:17,920 Got a haircut today? Oh, you did. 63 00:03:18,640 --> 00:03:20,880 I just felt like too much like a homeless person walking around 64 00:03:20,960 --> 00:03:22,720 so. Don't don't want to shave the 65 00:03:22,720 --> 00:03:25,640 beard? You know what, I was wondering 66 00:03:25,640 --> 00:03:29,960 whether I should or just. It's now longer than my hair. 67 00:03:29,960 --> 00:03:33,920 I think the beard. Do you know if I enable video on 68 00:03:33,920 --> 00:03:36,000 the spacer thing or not? Don't enable. 69 00:03:36,040 --> 00:03:38,040 Don't enable. Video OK start. 70 00:03:39,040 --> 00:03:40,800 Let's just do it easier. OK, cool. 71 00:03:46,240 --> 00:03:49,920 All right, Space started. All right, I'll come join yours. 72 00:03:50,080 --> 00:03:54,600 You see it if you're on a request, I'll hey everyone we 73 00:03:54,600 --> 00:03:59,840 had to start a new space because Mando bought a Wi-Fi extender to 74 00:04:00,400 --> 00:04:03,720 increase the boost of his signal up to his the top floor of his 75 00:04:03,720 --> 00:04:07,400 penthouse and it doesn't quite reach there because his 76 00:04:07,400 --> 00:04:10,480 penthouse is so high up so I'm now hosting the space that's. 77 00:04:11,080 --> 00:04:16,480 It makes Portugal sound too good, if I'm honest. 78 00:04:17,640 --> 00:04:20,760 We're not quite that. In Portugal, 100 grand buys you 79 00:04:20,760 --> 00:04:27,040 a penthouse man like. I tell you not man, Portugal 80 00:04:27,040 --> 00:04:30,680 house prices are like randomly very expensive, at least around 81 00:04:30,680 --> 00:04:34,280 those, right? Are we? 82 00:04:34,280 --> 00:04:35,720 Are we good? To go back, we're back. 83 00:04:35,720 --> 00:04:38,160 Yeah, I think so. I think space is is now working. 84 00:04:39,120 --> 00:04:43,360 I think video is now working. So we are we are live. 85 00:04:43,480 --> 00:04:45,120 Sorry for I think this is episode 100. 86 00:04:45,120 --> 00:04:47,280 I'm not 100% sure, but I didn't want to put it, but we are we 87 00:04:47,280 --> 00:04:48,600 are live for episode 100 from Wow. 88 00:04:48,600 --> 00:04:51,160 This is actually episode probably 500 of us doing this 89 00:04:51,160 --> 00:04:53,720 Daily Show. Probably the worst for technical 90 00:04:53,720 --> 00:04:55,960 difficulties so far. Obviously the rest of the team 91 00:04:55,960 --> 00:04:58,480 is in Dubai right now. It's just me and OSF on today. 92 00:04:58,480 --> 00:05:02,240 So kind of a more chilled show. I'd say the the classic five 93 00:05:02,240 --> 00:05:06,280 things that we're looking at right now, it does feel like 94 00:05:06,280 --> 00:05:09,560 crypto is volatile like it did just nearly, Bitcoin did just 95 00:05:09,560 --> 00:05:12,920 nearly hit 60 K and it's rebounded all the way to 62 K, 96 00:05:12,920 --> 00:05:16,920 So it's volatile around kind of the same level it looks like. 97 00:05:17,760 --> 00:05:21,760 And people are fo mowing, fo mowing in and panicking out. 98 00:05:21,760 --> 00:05:25,080 It feels like at each point, I think everyone thought that GCR 99 00:05:25,080 --> 00:05:27,640 tweet would be the bottom. And then we've kind of tested 100 00:05:27,640 --> 00:05:31,200 those bottoms two or three Times Now or twice at least. 101 00:05:31,200 --> 00:05:33,600 So I don't really know what to make of it here. 102 00:05:34,240 --> 00:05:37,760 I think we were just talking about maybe before the people on 103 00:05:38,240 --> 00:05:41,800 on spaces could hear, but there isn't really something that I 104 00:05:41,800 --> 00:05:44,800 can say that that makes sense on it today. 105 00:05:44,960 --> 00:05:46,920 Like it's not like we can blame anything. 106 00:05:47,640 --> 00:05:51,760 The the whole Israel, Iran thing seems to have been slightly de 107 00:05:51,760 --> 00:05:55,560 escalated since the weekend. You can see that from oil. 108 00:05:55,920 --> 00:05:56,920 You can see that from bond yields. 109 00:05:56,920 --> 00:06:00,280 You can see it from stocks. You're seeing even stocks are 110 00:06:00,280 --> 00:06:03,120 higher today. So they had been on a three day 111 00:06:03,120 --> 00:06:05,560 losing streak. They're higher on yields. 112 00:06:05,960 --> 00:06:08,400 They are slightly higher. Oh, like they're kind of where 113 00:06:08,400 --> 00:06:10,760 they were the last two days. So this feels very crypto 114 00:06:10,760 --> 00:06:13,800 specific. At the same time, I I'm not 115 00:06:13,800 --> 00:06:16,880 sitting here going like there's that many warning signals here 116 00:06:16,880 --> 00:06:18,680 in the market. The fear and greed index is back 117 00:06:18,680 --> 00:06:23,120 to around 50. Leverage is low, it's open. 118 00:06:23,120 --> 00:06:25,000 Interest is the lowest it's been basically all year. 119 00:06:25,000 --> 00:06:28,800 Funding is the lowest it's basically been all year, but at 120 00:06:28,800 --> 00:06:30,800 the same time, it's super volatile. 121 00:06:30,800 --> 00:06:33,600 Like it just feels as though crypto could move 5 to 10% at 122 00:06:33,600 --> 00:06:36,760 any at any point right now. So it just feels to me like the 123 00:06:36,760 --> 00:06:41,040 fear is back and I think the fact there is no real 124 00:06:41,040 --> 00:06:46,360 explanation for it is a little bit scary to me in the market. 125 00:06:46,960 --> 00:06:50,600 I still think we could touch below 60 K again, as I said on 126 00:06:50,600 --> 00:06:55,760 yesterday's show, but it yeah, it's it's I also don't think 127 00:06:55,760 --> 00:06:58,200 we're just going to like randomly roof back to 70 K like 128 00:06:58,200 --> 00:07:00,800 this feels like a period where everyone needs to get their 129 00:07:00,800 --> 00:07:03,240 gahonas back. This isn't just a buy the dip 130 00:07:03,240 --> 00:07:03,760 market. What? 131 00:07:03,800 --> 00:07:06,600 What do you think OSF? Yeah, I agree. 132 00:07:06,600 --> 00:07:10,120 Like, you know, you have what happened at the weekend and 133 00:07:10,120 --> 00:07:12,760 everyone thought that was it and you expect it to bounce back. 134 00:07:12,760 --> 00:07:15,960 And when it doesn't, that's when you realize you might be in for 135 00:07:15,960 --> 00:07:19,080 a bit more of like a chop or a pain or a consolidation period, 136 00:07:19,080 --> 00:07:20,360 whatever you want to call it really. 137 00:07:20,800 --> 00:07:25,680 And if it feels like to me, maybe the short term trend is 138 00:07:25,760 --> 00:07:30,440 that we go a bit lower because we've just projected breaking 139 00:07:30,440 --> 00:07:32,920 out to the upside a couple a couple of Times Now. 140 00:07:32,920 --> 00:07:36,120 I don't really know, like I'm not going to try and second 141 00:07:36,120 --> 00:07:38,160 guess like short term price action here, but it doesn't 142 00:07:38,160 --> 00:07:41,000 really feel that great from a short term perspective. 143 00:07:41,000 --> 00:07:43,320 I still really bullish for the next few months and for the rest 144 00:07:43,320 --> 00:07:45,400 of the year. And I think these will be good 145 00:07:45,400 --> 00:07:48,320 dips to buy, but it's hard to really judge what we're in for 146 00:07:48,320 --> 00:07:49,720 now for the next few weeks and months. 147 00:07:51,840 --> 00:07:56,960 I don't know why crypto is underperforming equities so 148 00:07:56,960 --> 00:07:58,480 much. Like equities are not even 149 00:07:58,480 --> 00:07:59,960 really that much. They're a little bit lower, but 150 00:07:59,960 --> 00:08:01,920 they're not really that much off the highs. 151 00:08:02,280 --> 00:08:05,680 I know rates have blown out quite a lot, but, you know, 152 00:08:05,680 --> 00:08:07,560 rates have been going higher the whole year and crypto hasn't 153 00:08:07,560 --> 00:08:10,320 really battered an eyelid. So I don't know why crypto is 154 00:08:10,320 --> 00:08:13,480 just trading so poorly. It feels like people are short. 155 00:08:13,480 --> 00:08:16,000 You know, if you look at the, to me, if you look at the, yeah. 156 00:08:17,000 --> 00:08:19,360 Yeah. Look at the funding numbers and 157 00:08:19,360 --> 00:08:25,160 stuff and funding is so neutral or even or even negative in some 158 00:08:25,160 --> 00:08:27,600 cases. It feels like me to me, people 159 00:08:27,600 --> 00:08:31,240 are short and just pushing it lower in what feels like a, a 160 00:08:31,240 --> 00:08:34,000 scared or a nervous market. So that's the one thing I would 161 00:08:34,000 --> 00:08:38,200 say it has going for that I think is bullish that there are 162 00:08:38,200 --> 00:08:39,840 shorts out there. And I think if something you, 163 00:08:39,840 --> 00:08:41,799 you just see one good headline for things to turn. 164 00:08:41,799 --> 00:08:43,600 But yeah, like I'm looking at funding now. 165 00:08:43,600 --> 00:08:48,400 It's like 1% on Bitcoin, negative on ETH funding is -1% 166 00:08:48,400 --> 00:08:54,800 on ETH, 7% on Solana, like -10% on Bitcoin cash. 167 00:08:55,840 --> 00:08:57,840 It's just, it's the. It's negative on ETH. 168 00:08:58,320 --> 00:09:02,440 It's negative on ETH -1.5% on ETH right now like. 169 00:09:02,960 --> 00:09:05,080 I'm sharing my screen right now. I don't know, are you able to 170 00:09:05,320 --> 00:09:07,680 change that? I don't think I can even does 171 00:09:07,720 --> 00:09:12,360 it? Does it yeah like you can see 172 00:09:12,920 --> 00:09:15,920 let's take this let's take this back to a one year trajectory. 173 00:09:15,920 --> 00:09:20,680 Now this is kind of some of the lowest funding we've seen we've 174 00:09:20,680 --> 00:09:23,320 got 1% funding on Bitcoin for a year. 175 00:09:23,360 --> 00:09:27,440 You could find a Bitcoin on right now ETH is negative. 176 00:09:27,920 --> 00:09:32,600 Solana is very small like these are very, very low numbers. 177 00:09:34,280 --> 00:09:39,480 So and I don't know like maybe we if we brought up the the 178 00:09:39,480 --> 00:09:46,480 liquidation map of Bitcoin yeah so like it looks like that this 179 00:09:46,480 --> 00:09:48,280 is all the shorts that would be liquidated. 180 00:09:48,600 --> 00:09:53,360 That's pretty wild actually like that all the shorts are kind of 181 00:09:53,360 --> 00:09:54,720 clustered slightly to the upside. 182 00:09:54,720 --> 00:09:57,920 So a huge amount of shorts. You can see this from this green 183 00:09:57,920 --> 00:10:01,360 line right it goes much higher in terms of the short interest 184 00:10:01,360 --> 00:10:04,440 than it is from the on the long interest close to here. 185 00:10:04,440 --> 00:10:08,880 So that tells me that we could have a short squeeze here, but 186 00:10:09,000 --> 00:10:14,240 at the same time, it feels as though any macro headline crypto 187 00:10:14,240 --> 00:10:15,800 randomly feels like it's about to get punished. 188 00:10:15,800 --> 00:10:17,640 I think part of that is the ETF inflows. 189 00:10:17,640 --> 00:10:21,360 So if we go to if we go to Digens at the moment, one thing 190 00:10:21,360 --> 00:10:23,800 that has been interesting actually over the last few days 191 00:10:23,800 --> 00:10:28,280 is that some of the Bitcoin ETFs have seen literally no inflows. 192 00:10:28,440 --> 00:10:31,400 Like the only thing that's seeing inflows at the moment 193 00:10:31,560 --> 00:10:36,080 appears to be the appears to be the Black Rock ETF. 194 00:10:37,160 --> 00:10:43,360 And so for example, on on Monday and on Friday, every single ETF 195 00:10:43,440 --> 00:10:47,640 except the BlackRock ETF was was 0. 196 00:10:48,280 --> 00:10:51,560 And then you just, it's really just Grayscale versus BlackRock 197 00:10:51,560 --> 00:10:54,000 at the moment in terms of in terms of inflows. 198 00:10:54,600 --> 00:10:58,840 And so we've had three very small outflow days, but you'd 199 00:10:58,840 --> 00:11:02,160 have liked to see some dip buying you, you would predict. 200 00:11:02,160 --> 00:11:05,040 And in fact, one thing that has really shocked me is that how 201 00:11:05,040 --> 00:11:07,600 volatile crypto has been since the ETF has come in. 202 00:11:07,600 --> 00:11:11,680 Like instead of dampening that volatility, it's actually just 203 00:11:11,680 --> 00:11:14,280 massively, it feels to me like it's increased it. 204 00:11:14,280 --> 00:11:15,680 I don't know. I don't know if you agree with 205 00:11:15,680 --> 00:11:18,640 that, which I think kind of makes sense from the ET, like 206 00:11:18,640 --> 00:11:21,240 what we saw used to see in like traditional markets with ETFs, 207 00:11:21,240 --> 00:11:24,360 you know, we've spoken about how they can, they can push things 208 00:11:26,080 --> 00:11:28,920 much lower in a, in a weak market and much higher in a 209 00:11:28,920 --> 00:11:31,560 strong market. I think we're, we're, we're kind 210 00:11:31,560 --> 00:11:32,880 of seeing that, wouldn't you agree? 211 00:11:32,880 --> 00:11:36,080 Like it just feels as on the weekdays, Bitcoin can move like 212 00:11:36,080 --> 00:11:40,560 1015% at the moment. Like I haven't seen that for for 213 00:11:40,560 --> 00:11:45,200 like the last 18 months. Yeah, it's just Yeah. 214 00:11:47,000 --> 00:11:50,280 Yeah, it just feels like feels. Feels feels like a nervous 215 00:11:50,280 --> 00:11:53,040 market doesn't it just feels like a nervous market. 216 00:11:53,040 --> 00:11:56,280 And I think people who are who are short realize that. 217 00:11:56,280 --> 00:11:59,240 They realize they can push things around and just make the 218 00:11:59,240 --> 00:12:03,240 most of wobbly hands I think. Yeah. 219 00:12:03,560 --> 00:12:06,560 So the stuff that we can be bullish on obviously the the 220 00:12:06,560 --> 00:12:09,200 main thing is these Hong Kong ETFs which I saw today that 221 00:12:09,200 --> 00:12:12,040 people are saying could be 25 billion. 222 00:12:12,600 --> 00:12:17,080 That was actually a decrypt piece 25 billion TVLI think that 223 00:12:17,080 --> 00:12:20,640 would be that would be that would be a very big benefit to 224 00:12:20,640 --> 00:12:23,400 the market if that that starts happening 25 billion is. 225 00:12:24,120 --> 00:12:27,360 Is not a big war. Yeah, it's not small because 226 00:12:27,480 --> 00:12:29,280 the. ETF guys were saying, Eric was 227 00:12:29,280 --> 00:12:31,480 saying 500 mil, so that's like a massive. 228 00:12:33,040 --> 00:12:35,640 He was saying that. He was saying that 25 billion is 229 00:12:35,640 --> 00:12:38,400 not. There's no way that it happens. 230 00:12:39,040 --> 00:12:42,200 Yeah, but he also said there was no chance that I think he's he's 231 00:12:42,240 --> 00:12:46,120 they generally downplayed ETFs in other countries, but they 232 00:12:46,120 --> 00:12:49,880 don't also appreciate, you know, the fact you can't buy crypto in 233 00:12:49,880 --> 00:12:50,520 China. Really. 234 00:12:50,520 --> 00:12:54,120 So the idea that they would then be able to access this above 235 00:12:54,120 --> 00:12:56,920 board is quite a big deal. I think I, I, I would be 236 00:12:56,920 --> 00:12:59,600 unsurprised if it starts push pushing towards those sort of 237 00:12:59,600 --> 00:13:03,120 numbers. Yeah, look, if Chinese investors 238 00:13:03,120 --> 00:13:04,880 could buy, this is how much mainland investors could 239 00:13:04,880 --> 00:13:08,040 allocate as an upper limit. So I do think that's, that's 240 00:13:08,040 --> 00:13:10,400 probably possible. That's the main bullishness. 241 00:13:10,440 --> 00:13:13,080 Obviously we also have the halving which is happening in 242 00:13:13,280 --> 00:13:15,920 just two days, right? Like it's, it's really, really 243 00:13:15,920 --> 00:13:18,640 soon now. Obviously people are either 244 00:13:18,640 --> 00:13:22,000 underplaying or overplaying. I think at this stage the 245 00:13:22,000 --> 00:13:25,240 halving becomes a a bullish narrative for me just because 246 00:13:25,320 --> 00:13:29,440 now in a period where Bitcoin's now 20% off, its off its high. 247 00:13:30,160 --> 00:13:34,040 I don't know about you, but when we were at 70 + K and we were 248 00:13:34,040 --> 00:13:36,480 rallying, I was like people are going to sell after the halving. 249 00:13:36,480 --> 00:13:40,120 It feels like they've sold before the halving here and now 250 00:13:40,120 --> 00:13:43,960 I feel like the halving could again be a a positive momentum 251 00:13:43,960 --> 00:13:45,160 for the market. Burnting. 252 00:13:45,160 --> 00:13:48,800 They put out a piece, but I'm seeing expects bitcoins bullish 253 00:13:48,800 --> 00:13:52,240 trajectory to resume post halving reiterates 150K target. 254 00:13:52,440 --> 00:13:53,880 So obviously that's a bullish piece. 255 00:13:53,880 --> 00:13:58,040 But I do think that now the the halving is not a sell the news 256 00:13:58,040 --> 00:14:00,480 event like I don't think people sell on that halving now. 257 00:14:00,480 --> 00:14:03,120 If anything, I think it's it's going to be it's going to be 258 00:14:03,240 --> 00:14:07,640 taken positively. And then the only other bullish 259 00:14:07,640 --> 00:14:12,000 thing I saw today was was this huge ACC and Z fund that that 260 00:14:13,840 --> 00:14:16,360 that got announced in the in the in the crypto sector. 261 00:14:16,720 --> 00:14:20,640 This is the biggest fund I've seen ever. 262 00:14:21,040 --> 00:14:26,400 I think in crypto right, 7.2 billion has got to be their 263 00:14:26,400 --> 00:14:31,120 biggest. Yeah, that's massive. 264 00:14:32,560 --> 00:14:41,960 One of their biggest funds ever but a 16's gone so well. 265 00:14:44,600 --> 00:14:48,800 I think you're obviously you're. One of the lead? 266 00:14:51,880 --> 00:14:53,440 Oh no, am I? What about now? 267 00:14:53,880 --> 00:14:54,920 Yeah. No, you're good now. 268 00:14:54,960 --> 00:14:57,000 You're good now, Yeah. I'll just shut that down. 269 00:14:59,320 --> 00:15:04,760 They're leading firms alongside paradigms so that yeah, but me 270 00:15:04,760 --> 00:15:07,040 it's, it's no, it's the Internet, man, it's this, it's 271 00:15:07,040 --> 00:15:09,320 this Wi-Fi extender I need. I actually literally it 272 00:15:09,320 --> 00:15:11,800 literally is coming today. So hopefully by tomorrow it 273 00:15:11,800 --> 00:15:15,360 should be it should be fixed, but that was I think that's a 274 00:15:15,360 --> 00:15:19,280 big sign for VCs that we can raise another 7.6 billion and 275 00:15:19,280 --> 00:15:22,840 they'll probably be investing that heavily in in new things in 276 00:15:22,840 --> 00:15:24,280 the space. So those are like the three 277 00:15:24,280 --> 00:15:28,040 really bullish things I saw on a macro perspective for crypto. 278 00:15:28,520 --> 00:15:31,760 It still just feels as though we're we're we're just going to 279 00:15:31,760 --> 00:15:34,280 be volatile though, and I can't really put a finger on it. 280 00:15:34,800 --> 00:15:37,640 One thing we have seen is that the VIX has gone a lot higher. 281 00:15:37,640 --> 00:15:42,440 So the VIX, which is generally seen as stock volatility index 282 00:15:42,440 --> 00:15:43,800 essentially has also gone very high. 283 00:15:43,800 --> 00:15:47,000 And there's a lot of correlation actually just between crypto and 284 00:15:47,000 --> 00:15:49,080 the VIX. So maybe this is what it is. 285 00:15:49,080 --> 00:15:53,040 It's just crypto doesn't like macro volatility, which is what 286 00:15:53,040 --> 00:15:55,560 we're seeing even though crypto, even though macro seems to be 287 00:15:55,560 --> 00:15:58,560 doing OK, it's definitely gotten more volatile over the last 288 00:15:58,560 --> 00:16:01,640 couple of weeks. And then people kind of tend to 289 00:16:01,800 --> 00:16:04,600 worry a bit more about crypto. So that's the only thing I I 290 00:16:04,600 --> 00:16:07,120 could point to because everything else, yeah, drone 291 00:16:07,120 --> 00:16:10,720 Powell came out yesterday and said that like inflation is, is 292 00:16:10,720 --> 00:16:13,000 stayed a little bit hard for longer, but the market been 293 00:16:13,000 --> 00:16:18,560 pricing that in now for weeks. Pricing waiting for weeks. 294 00:16:18,560 --> 00:16:28,680 Sorry, I think I lost you again. Yeah, it's going to be a tough 295 00:16:28,680 --> 00:16:31,920 show, isn't it? Maybe I'll stop sharing my Maybe 296 00:16:31,920 --> 00:16:33,240 I'll stop. Sharing my screen maybe shot. 297 00:16:33,240 --> 00:16:35,200 Yeah, that's taking up too, too many resources. 298 00:16:39,240 --> 00:16:42,400 Can you see me or no? I can see you. 299 00:16:42,400 --> 00:16:46,840 Yeah, you're momentary momentarily freezing, but I can 300 00:16:46,840 --> 00:16:49,240 see you. But you're frozen again. 301 00:16:53,160 --> 00:16:54,080 Yep. It's going really well. 302 00:16:54,080 --> 00:16:55,800 It's just just me speaking to myself now. 303 00:17:15,440 --> 00:17:18,319 Well, this is kind of awkward. It's just me, no Mando. 304 00:17:18,960 --> 00:17:20,839 And I wasn't even listening to what he was saying, so I can't 305 00:17:20,839 --> 00:17:27,720 even continue the conversation. I think he was talking about 306 00:17:27,720 --> 00:17:32,360 interest rates in macro, which have gone a lot, lot higher in 307 00:17:32,360 --> 00:17:35,680 the last few days. Part of the reason for that is 308 00:17:36,640 --> 00:17:39,720 the inflation data. The other. 309 00:17:41,320 --> 00:17:45,200 OK, cool. The other part of the reason for 310 00:17:45,200 --> 00:17:50,400 that is I think Japan is like the one of the largest or if not 311 00:17:50,400 --> 00:17:54,200 the largest holder of U.S. Treasuries and they're having to 312 00:17:54,200 --> 00:17:57,280 sell that to buy yen in order to protect their currency for some 313 00:17:57,280 --> 00:17:59,840 weird reason. So that I think caused the 314 00:17:59,840 --> 00:18:01,920 massive spike in Treasury yields yesterday. 315 00:18:03,280 --> 00:18:09,840 And it seems like that's also that sell program is ongoing 316 00:18:09,840 --> 00:18:12,240 right now and it's been going on for quite some time this year as 317 00:18:12,240 --> 00:18:13,880 well. So that's another thing that I 318 00:18:13,880 --> 00:18:16,920 think is exacerbating the movement in US interest rates, 319 00:18:17,680 --> 00:18:21,400 which is maybe the reason why oil's not really high and is 320 00:18:21,400 --> 00:18:23,880 maybe the reason why stocks aren't really moving because 321 00:18:23,880 --> 00:18:25,880 it's more of a technical reason rather than a fundamental 322 00:18:25,880 --> 00:18:28,720 reason. But obviously, we've had the 323 00:18:29,520 --> 00:18:32,000 inflation data, etcetera, which is coming in higher than 324 00:18:32,000 --> 00:18:35,920 expected on, on multiple pretty much every single occasion this 325 00:18:35,920 --> 00:18:39,480 year as well. There were some comments from 326 00:18:39,480 --> 00:18:43,520 Jerome Powell yesterday as well. And I think at the beginning of 327 00:18:43,520 --> 00:18:45,920 this year, I think there was some hope for interest rate cuts 328 00:18:45,920 --> 00:18:48,000 and the commentary from the Fed was a bit more dovish. 329 00:18:48,560 --> 00:18:51,680 His comments yesterday were definitely I think were a little 330 00:18:51,680 --> 00:18:53,480 bit of AU turn. I think it's going back to what 331 00:18:53,480 --> 00:18:56,640 he said for most of last year, which is inflation hasn't moved 332 00:18:57,440 --> 00:19:01,000 lower as quickly as they had hoped and that they would have 333 00:19:01,000 --> 00:19:04,160 to keep interest rates at these or they were able to keep 334 00:19:04,160 --> 00:19:05,840 interest rates at these levels for as long as they needed to 335 00:19:05,840 --> 00:19:07,960 until interest, until inflation comes lower. 336 00:19:07,960 --> 00:19:11,880 So it's kind of we're kind of moving back towards that higher 337 00:19:11,880 --> 00:19:15,840 for longer narrative. Welcome back. 338 00:19:16,400 --> 00:19:18,040 Yeah, I was just well done, man. Well done. 339 00:19:18,040 --> 00:19:19,480 Thanks. Yeah, I'm really, I'm really 340 00:19:19,480 --> 00:19:20,240 proud of myself. A round. 341 00:19:20,920 --> 00:19:22,200 Of applause for that. That was, yeah. 342 00:19:24,680 --> 00:19:25,720 The Internet should be good down here. 343 00:19:26,200 --> 00:19:27,200 Yeah, you're good, You're good here. 344 00:19:27,200 --> 00:19:29,160 You're you're a little bit quiet, but. 345 00:19:29,760 --> 00:19:31,520 Yeah, because I'm having I, I have to take off all the 346 00:19:31,520 --> 00:19:34,080 broadcast and stuff. Yeah, yeah, yeah, that's right. 347 00:19:34,960 --> 00:19:40,840 Just speak loudly I guess. Yeah, so, and then what's been 348 00:19:40,840 --> 00:19:46,280 going on in in like spoiler coins, I think I saw the main 349 00:19:46,280 --> 00:19:48,600 thing I saw yesterday was that Coinbase wallet is now going to 350 00:19:48,600 --> 00:19:50,760 be integrating with Solana, right? 351 00:19:52,760 --> 00:19:56,280 Which I think is going to be quite a big deal for if, you 352 00:19:56,280 --> 00:19:58,200 know, they they're doing this smart wallet as well. 353 00:19:58,400 --> 00:20:00,400 And everyone was debating whether they're going to be able 354 00:20:00,400 --> 00:20:05,160 to trade soul meme coins and now it looks like. 355 00:20:05,840 --> 00:20:07,880 That's going to be a real possibility because Coinbase 356 00:20:07,880 --> 00:20:10,280 wallet is integrated for on chain Solana trading. 357 00:20:10,280 --> 00:20:13,160 So that I think that could be a big deal. 358 00:20:13,160 --> 00:20:15,400 It does feel like mean coins is still where the action is, but 359 00:20:15,400 --> 00:20:17,640 most things have still been hammered right? 360 00:20:18,120 --> 00:20:21,520 Like most most mean coins right now are just like waiting for 361 00:20:21,520 --> 00:20:29,000 some stability in in Bitcoin or in or in or in Solana or in E. 362 00:20:30,480 --> 00:20:35,200 Yeah, they're just, I mean, I'm surprised at how well they've 363 00:20:35,200 --> 00:20:37,280 held up. Like some, for example, at WIF 364 00:20:37,280 --> 00:20:40,680 is to the 2.2, is it 2.52 point 4? 365 00:20:40,680 --> 00:20:45,440 So it's that $2.4 billion market cap, which is still massive. 366 00:20:45,920 --> 00:20:49,400 Like if I was, if I really was bearish on crypto right now, I'd 367 00:20:49,400 --> 00:20:52,280 be shorting the fuck out of like meme coins and stuff like WIF, 368 00:20:52,280 --> 00:20:54,200 which is that crazy high market caps. 369 00:20:54,200 --> 00:20:56,640 But I'm not bearish on it. And I think that stuff will go 370 00:20:56,640 --> 00:20:58,680 high. But yeah, it's, it's, it's a bit 371 00:20:58,680 --> 00:21:02,080 interesting to see this massive. I mean, ether's below 3K right 372 00:21:02,080 --> 00:21:04,160 now, right? Like it's interesting to see 373 00:21:04,160 --> 00:21:07,680 this big pull back and seeing meme coins hold up so well. 374 00:21:07,680 --> 00:21:09,800 And I think it just means one of two things. 375 00:21:09,800 --> 00:21:14,600 It means either shit really hits the fan and meme coins just get 376 00:21:14,600 --> 00:21:16,720 crushed. And I hope that doesn't happen, 377 00:21:16,720 --> 00:21:20,640 but it's a possibility. Or when we bounce back, because 378 00:21:20,640 --> 00:21:24,680 meme coins have been so strong, we will see like some crazy, 379 00:21:24,680 --> 00:21:27,080 crazy strength and a crazy another crazy run of meme coins 380 00:21:27,080 --> 00:21:29,560 across the board, which I think is maybe a scenario that people 381 00:21:29,560 --> 00:21:33,640 are a bit more happy with, obviously, But maybe can, you 382 00:21:33,640 --> 00:21:36,240 know, think it's a bit more of a realistic possibility, But 383 00:21:36,600 --> 00:21:38,200 either could happen. Like meme coins are just at this 384 00:21:38,200 --> 00:21:42,280 like these levels right now with like ETH blow 3K and like 385 00:21:42,280 --> 00:21:44,040 multiple mean coins and multi billion done market caps on 386 00:21:44,040 --> 00:21:46,360 those kind of stuff like it's at a point of inflection. 387 00:21:46,360 --> 00:21:47,440 It's going to go one way or the other. 388 00:21:47,440 --> 00:21:48,880 It's not going to stay at these levels for a while. 389 00:21:48,880 --> 00:21:51,720 And so I think if we don't see a meaningful balance in crypto 390 00:21:52,480 --> 00:21:57,440 from here, I, I as a big, big bag hold of a lot of mean coins, 391 00:21:57,720 --> 00:22:00,200 I would start to get a little bit worried about them here, I 392 00:22:00,200 --> 00:22:03,440 think. Some old coins are never coming 393 00:22:03,440 --> 00:22:05,560 back. Like they look like they're 394 00:22:05,560 --> 00:22:07,320 never coming back. And that's the same with some of 395 00:22:07,320 --> 00:22:09,560 these meme coins, right? Like I looked at some of the old 396 00:22:09,560 --> 00:22:11,840 coin charts. I'm just like, what is it going 397 00:22:11,840 --> 00:22:14,040 to take for some of these to come back? 398 00:22:14,040 --> 00:22:17,200 Like particularly some of the older ones that kind of had a 399 00:22:17,200 --> 00:22:20,720 little bit of a rally and then they just kind of like fade. 400 00:22:20,720 --> 00:22:23,520 They've just now faded away, like all of the gains that we 401 00:22:23,520 --> 00:22:24,840 had. And so for some of them, that 402 00:22:24,840 --> 00:22:28,360 was a lot, you know, to even get them up to higher levels. 403 00:22:29,040 --> 00:22:32,320 And now that it's like it's completely gone for so many of 404 00:22:32,320 --> 00:22:40,400 these these like ecosystem coins or L twos or D5, like I just I 405 00:22:40,400 --> 00:22:42,040 don't know what the fuck it takes right? 406 00:22:42,040 --> 00:22:46,040 Like it's it really does feel as though you the comments are 407 00:22:46,360 --> 00:22:48,320 hilarious on this. By the way, I love, I love what 408 00:22:48,320 --> 00:22:51,160 Chad Myers like a proud parent watching his kid talk his 409 00:22:51,160 --> 00:22:54,680 Christmas show. I was like, I don't know what to 410 00:22:54,680 --> 00:22:58,440 do here, so just. I think everyone was proud of 411 00:22:58,440 --> 00:23:00,360 you at that stage. You know, you weren't clearly, 412 00:23:00,360 --> 00:23:02,520 you clearly weren't listening. I was going in and out. 413 00:23:02,600 --> 00:23:07,040 I was not listening at all. I was going in and out of of 414 00:23:07,080 --> 00:23:10,400 signal and we just had to rely on you. 415 00:23:10,640 --> 00:23:13,400 We felt like you've hosted the show once by yourself actually. 416 00:23:13,800 --> 00:23:15,880 And like everyone said, you completely crushed it. 417 00:23:16,080 --> 00:23:17,280 And then you've never really done. 418 00:23:17,280 --> 00:23:19,560 It that was a long time ago. That was like almost two years 419 00:23:19,560 --> 00:23:21,000 ago when I had to do it by myself. 420 00:23:21,440 --> 00:23:27,040 Yeah. But I do think that if you're 421 00:23:27,040 --> 00:23:31,520 sitting there on some old coin bag or mean coin bag and you're 422 00:23:31,520 --> 00:23:35,680 like you're waiting for the like Solana to save you. 423 00:23:37,080 --> 00:23:40,640 I'm not sure it will. I don't know if I know that's 424 00:23:40,760 --> 00:23:42,680 tough to hear, right. But like, oh, you know, I'll 425 00:23:42,680 --> 00:23:47,280 sell this thing which is down 40% because I'll wait for Ethel 426 00:23:47,280 --> 00:23:50,360 Bitcoin or Solana to rally and then my thing will go up 10X. 427 00:23:50,600 --> 00:23:54,920 If your thing has gone up 10X and then it's dropped 60% on 428 00:23:54,920 --> 00:23:59,040 this, I don't think it goes back to that 10X. 429 00:23:59,920 --> 00:24:04,400 Even if Bitcoin goes back to 72 K, like I think there'll 430 00:24:04,400 --> 00:24:07,080 probably be a bounce if Bitcoin like rallies again on a lot of 431 00:24:07,080 --> 00:24:10,640 this stuff, but don't expect it to go back to all time high. 432 00:24:10,640 --> 00:24:13,440 I think a lot of these altcoins, I think a lot of altcoins and a 433 00:24:13,440 --> 00:24:17,800 lot of mean coins have put in their potentially their yearly 434 00:24:17,800 --> 00:24:22,360 high in in the in the last month. 435 00:24:22,560 --> 00:24:24,560 I don't know if you would agree with that OSF, that's maybe 436 00:24:24,560 --> 00:24:27,240 quite a bearish take, but I look at some of these and just go 437 00:24:27,240 --> 00:24:30,040 like, I don't know who's buying that on. 438 00:24:30,680 --> 00:24:33,920 On this. On this bounce, like the things 439 00:24:33,920 --> 00:24:36,920 that I'm buying right now is Solana like because I feel like 440 00:24:36,920 --> 00:24:40,560 you can go back, but like a lot of alt coins, a lot of mean 441 00:24:40,560 --> 00:24:42,520 coins. I'm just like, Oh yeah, that was 442 00:24:42,520 --> 00:24:44,600 probably it's that was probably it's cycle high. 443 00:24:44,600 --> 00:24:47,400 That was probably at least it's yearly high Bitcoin goes to like 444 00:24:47,400 --> 00:24:50,920 3K like maybe all bets are off but does feel like that. 445 00:24:51,760 --> 00:24:54,760 Yeah. I think, I mean, there's a 446 00:24:54,840 --> 00:24:58,920 there's a large chunk of the OT coin market, which maybe were 447 00:24:58,920 --> 00:25:03,400 like things that had pre, not pre sales, but like people could 448 00:25:03,520 --> 00:25:06,280 invest in and, and now in their vesting periods and stuff that 449 00:25:06,280 --> 00:25:10,440 just constantly have cell pressure like every week or 450 00:25:10,440 --> 00:25:12,520 month or whatever it is or every day in some cases. 451 00:25:12,520 --> 00:25:15,440 And I just think that stuff will always underperform the market. 452 00:25:15,440 --> 00:25:18,680 Like, you know, if Bitcoin moves 20%, some random altcoin will 453 00:25:18,680 --> 00:25:22,480 probably be higher, but that altcoin may only be like 10% 454 00:25:22,480 --> 00:25:25,360 higher or 15% higher, which is just stupid. 455 00:25:25,360 --> 00:25:27,840 Like risk adjusted. Why would you not want to own 456 00:25:27,840 --> 00:25:30,200 Bitcoin if it's the thing that's outperforming or even matching 457 00:25:30,200 --> 00:25:34,160 the performance of an altcoin? And there, yeah, I think that 458 00:25:34,160 --> 00:25:37,280 does describe a large part of the market and it always will 459 00:25:37,280 --> 00:25:39,280 do. Yeah, and that's a good point. 460 00:25:39,280 --> 00:25:41,960 I'm more bullish on meme coins than I am on all coins, even on 461 00:25:41,960 --> 00:25:44,560 this bounce, because the tokenomics of all those altcoins 462 00:25:44,560 --> 00:25:46,840 are just horrific, right? Like to even get them up to 463 00:25:46,840 --> 00:25:49,600 those levels was tough. And then now they've still got 464 00:25:49,600 --> 00:25:51,120 to have all the supply all the time. 465 00:25:51,120 --> 00:25:55,760 So yeah, it doesn't. It still feels bad for the 466 00:25:55,760 --> 00:25:58,960 altcoin market. I'm way more bullish on on meme 467 00:25:58,960 --> 00:26:02,000 coins, even even for those bounces. 468 00:26:02,000 --> 00:26:05,760 But at the same time, I think you've got to you got to 469 00:26:05,760 --> 00:26:09,280 appreciate that some of this stuff that ran up to like 304 470 00:26:09,280 --> 00:26:13,280 hundred million as an altcoin. I don't know if Bitcoin goes 471 00:26:13,280 --> 00:26:16,800 back to 72 K, if that goes up to 300 to 400 million again, like 472 00:26:17,880 --> 00:26:20,800 like it's it's a tough it's still tough to imagine. 473 00:26:20,840 --> 00:26:27,280 Like money runs back like a lot, a lot of the yeah, it's just 474 00:26:27,280 --> 00:26:29,080 it's just that's what I was just thinking this morning. 475 00:26:29,080 --> 00:26:30,240 Like what are we supposed to do now? 476 00:26:30,240 --> 00:26:35,880 Like just sit and pray or just. Dude, I, I wake up every day, I 477 00:26:35,880 --> 00:26:41,760 douche do shit for the duck. That's that's where I'm, that's 478 00:26:41,760 --> 00:26:44,240 where I'm, I'm putting my my efforts. 479 00:26:46,520 --> 00:26:51,360 But I think you got to wait for you got to wait for Bitcoin at 480 00:26:51,360 --> 00:26:54,960 least to go back to like high 60s and then hopefully then you 481 00:26:54,960 --> 00:26:58,240 see Solana bounce back. The the other thing interesting 482 00:26:58,240 --> 00:27:00,360 thing about Solana is that some of these air drops, I don't 483 00:27:00,360 --> 00:27:06,240 think you saw, but like parcel and forget what the other one 484 00:27:06,240 --> 00:27:11,200 was Sharkify. I think it was they haven't done 485 00:27:11,200 --> 00:27:14,320 that. Well, like the parcel FTV was 486 00:27:14,320 --> 00:27:17,680 like 40 million and Sharkify was like 500 million. 487 00:27:17,680 --> 00:27:21,560 So some of that AirDrop story, you know, that was like really, 488 00:27:21,560 --> 00:27:24,320 really strong in January, you know, oh, we're going to AirDrop 489 00:27:24,320 --> 00:27:27,160 something for and even even the concept around blast we talked 490 00:27:27,160 --> 00:27:29,800 about yesterday, like because so many altcoins have been 491 00:27:29,800 --> 00:27:33,640 destroyed in this move, suddenly these airdrops don't look as 492 00:27:33,640 --> 00:27:36,840 attractive as they did. Like if you were going to get D5 493 00:27:36,840 --> 00:27:42,480 AirDrop and or get some L2 AirDrop or, or some AI AirDrop 494 00:27:42,480 --> 00:27:47,720 and all those coins are down like 60%, then suddenly the the 495 00:27:47,720 --> 00:27:49,320 concept of that goes down a little bit. 496 00:27:49,320 --> 00:27:53,640 So I'm super, super, super bullish on some. 497 00:27:53,840 --> 00:27:58,320 I couldn't be more bullish on it's long term future, but I I 498 00:27:58,320 --> 00:28:00,720 can imagine this is a period where people have to work out 499 00:28:00,920 --> 00:28:03,160 what the next big driver is. I think the next big driver is 500 00:28:03,160 --> 00:28:05,920 probably fire dancer. And I think some of the story 501 00:28:05,920 --> 00:28:09,160 around the airdrops probably subsides across the market here, 502 00:28:09,160 --> 00:28:10,800 right? Because just because the 503 00:28:10,800 --> 00:28:17,000 valuations for other altcoins is down so much and I think the 504 00:28:17,000 --> 00:28:18,960 meme coin cycle will come back pretty strong. 505 00:28:20,120 --> 00:28:23,760 But it it it it just needs it just needs some stability to 506 00:28:23,760 --> 00:28:27,200 come back to it. But yeah, I think we're all 507 00:28:27,200 --> 00:28:30,000 sitting on our hands. We're hoping that Bitcoin 508 00:28:30,000 --> 00:28:34,320 doesn't completely nuke here, which increasingly is looking 509 00:28:34,320 --> 00:28:37,320 like it could. It could easily hit 5859 again. 510 00:28:39,160 --> 00:28:44,240 And then on that bounce, on that bounce, I'm buying Solana, I'm 511 00:28:44,240 --> 00:28:47,760 buying Bitcoin, and I'm probably buying a few meme coins, 512 00:28:48,640 --> 00:28:50,760 including the duck. Yeah, that's about it. 513 00:28:50,760 --> 00:28:52,200 What do you, what do you think? What are you? 514 00:28:52,200 --> 00:28:53,600 What are you buying on the bounce? 515 00:28:54,520 --> 00:28:59,360 I definitely want to buy more. I don't I'm not, I like to be 516 00:28:59,360 --> 00:29:02,680 concentrated in my positions because I think in a bull 517 00:29:02,680 --> 00:29:04,440 market, just like the whole market goes up. 518 00:29:04,440 --> 00:29:08,400 So I'm not right trying to like switch around between different 519 00:29:08,400 --> 00:29:10,560 coins and stuff to like generate alpha. 520 00:29:10,560 --> 00:29:13,000 So like I kind of like pick my horses for the cycle and for me 521 00:29:13,000 --> 00:29:15,800 that's whiff. Like I just think it's the mean 522 00:29:15,800 --> 00:29:18,760 coin that seems to have the best backing, the one that I think 523 00:29:19,240 --> 00:29:22,000 has a good chance of like getting to ship doge levels. 524 00:29:22,000 --> 00:29:24,280 So I think that's the thing. And it's also like I'm really 525 00:29:24,280 --> 00:29:26,160 bullish on Solana so this year. And I think that's also like 526 00:29:26,160 --> 00:29:29,000 kind of like a levered, levered play on Seoul as well. 527 00:29:29,000 --> 00:29:32,920 So I would just buy that. I think that's the one if that 528 00:29:32,920 --> 00:29:35,720 goes, I think if that goes below 2 again, which is not far away 529 00:29:35,720 --> 00:29:38,640 from now, I would start putting some money back into that and 530 00:29:38,640 --> 00:29:42,680 just average down. But yeah, I don't know. 531 00:29:42,680 --> 00:29:45,280 I mean, yeah, I don't know what to do right now. 532 00:29:45,280 --> 00:29:49,840 Like it's, yeah, I think just watch basically. 533 00:29:49,840 --> 00:29:53,720 And then if if things go low bid, I think that's the best 534 00:29:53,720 --> 00:29:55,080 move. But it's just frustrating to sit 535 00:29:55,080 --> 00:29:57,280 here and just watch things like go low every day, I think. 536 00:29:57,640 --> 00:30:00,280 With this a good example actually, and Pepe as well, like 537 00:30:01,080 --> 00:30:03,360 I actually think those could both double on a bounce. 538 00:30:03,360 --> 00:30:06,040 Like I genuinely think they could both hit all time high 539 00:30:06,040 --> 00:30:09,440 very easily. If I own like Lync or if I owned 540 00:30:10,320 --> 00:30:15,800 optimism or, you know, a bunch of these like more crowded, but 541 00:30:15,800 --> 00:30:18,760 still strong altcoin plays. I just don't think they're going 542 00:30:18,760 --> 00:30:23,000 back to also like to near all time high even on a bounce in 543 00:30:24,280 --> 00:30:29,760 even on a bounce in in in ETH or Bitcoin or or Sol. 544 00:30:29,760 --> 00:30:34,480 So that's a good example. You you're not bullish on the 545 00:30:34,480 --> 00:30:34,960 duck. Is that? 546 00:30:34,960 --> 00:30:38,200 Is that going to be? Your I would also buy more duck. 547 00:30:38,200 --> 00:30:41,280 Yeah, I definitely would would buy more duck if it dropped, but 548 00:30:41,720 --> 00:30:43,840 the duck hasn't provided me with a dip to we've. 549 00:30:44,720 --> 00:30:46,520 Got bit chat listing today. Bit chat listing. 550 00:30:46,680 --> 00:30:48,360 That's what I was. Doing. 551 00:30:50,160 --> 00:30:51,800 Yeah, well, it just hasn't really. 552 00:30:51,800 --> 00:30:53,880 It's been up every single day, hasn't really dipped. 553 00:30:53,880 --> 00:30:56,640 So had. A bit of a dip today. 554 00:30:56,760 --> 00:30:59,240 Yeah, I guess it's it's, yeah, it's off the highs of yesterday, 555 00:30:59,240 --> 00:31:01,680 I guess. But it's pretty incredible. 556 00:31:01,680 --> 00:31:02,760 It's like the only thing that's up. 557 00:31:03,600 --> 00:31:08,360 Yeah, the what, what do you, what do you think about Solana 558 00:31:08,360 --> 00:31:10,400 though? Now like as I just described, 559 00:31:10,520 --> 00:31:12,360 we've been super bullish on Solana on the show. 560 00:31:13,120 --> 00:31:17,360 And then now the AirDrop thing is kind of looking a little bit 561 00:31:17,360 --> 00:31:20,320 weaker. Meme coins as a sector are 562 00:31:20,320 --> 00:31:23,560 looking a little bit weaker. Do do you think that can go back 563 00:31:23,560 --> 00:31:26,880 to 200 soon or do you think it's going to be, it's going to take 564 00:31:26,880 --> 00:31:29,360 some time now? I think it can. 565 00:31:29,600 --> 00:31:31,080 I think it can and I think it will. 566 00:31:31,080 --> 00:31:33,520 I don't think that narrative is finished or over. 567 00:31:33,920 --> 00:31:36,360 I don't think the meme coin cycle is finished or over. 568 00:31:36,760 --> 00:31:38,720 I think it's pretty clear that that's where the casino is the 569 00:31:38,720 --> 00:31:42,120 cycle. And just like how the NFT market 570 00:31:42,120 --> 00:31:45,320 in 2021 would have its peaks and troughs, I think the mean coin 571 00:31:45,320 --> 00:31:48,560 market will have the same thing and it will happen predominantly 572 00:31:48,560 --> 00:31:50,560 on Solana. You'll have spots of activity in 573 00:31:51,080 --> 00:31:54,560 things like bass and perhaps even blast and you know, other 574 00:31:54,560 --> 00:31:56,720 areas. But Solana is still by far the 575 00:31:56,720 --> 00:32:00,800 cheapest to use and provided the lock chain is up and running and 576 00:32:01,200 --> 00:32:04,520 not crashing and, and all that kind of stuff, it's also 577 00:32:04,520 --> 00:32:06,080 potentially so the fastest to use as well. 578 00:32:06,080 --> 00:32:09,440 So I just think that we'll have another season again, I don't 579 00:32:09,440 --> 00:32:10,960 think that's going to go away and I think it will be more 580 00:32:10,960 --> 00:32:12,880 sustained. And I think that will end up 581 00:32:12,880 --> 00:32:15,000 being pretty bullish for Seoul. Like I just think it's there's 582 00:32:15,000 --> 00:32:17,800 too much that's happened this year where it's shown it's hand 583 00:32:17,800 --> 00:32:21,120 too much. I think where it's going to be 584 00:32:21,240 --> 00:32:24,440 very tough to fade it. But you need a bigger, you need 585 00:32:24,440 --> 00:32:25,600 a, you need a bigger market rally. 586 00:32:25,600 --> 00:32:27,200 I think if a bigger market rally, I think Seoul will do 587 00:32:27,200 --> 00:32:30,520 really well. But let's Seoul versus Bitcoin, 588 00:32:30,520 --> 00:32:31,960 Seoul versus E. They all look like pretty good 589 00:32:31,960 --> 00:32:35,080 entry points to me now. You see that everyone's now 590 00:32:35,080 --> 00:32:38,560 talking about ruins as well. Like I think I've seen every 591 00:32:38,560 --> 00:32:42,120 single major market commentator that that was going from Solana 592 00:32:42,120 --> 00:32:44,640 to talking about base season is now talking about ruins season. 593 00:32:44,640 --> 00:32:49,560 Ruins is the is the token protocol coming out on Bitcoin. 594 00:32:49,560 --> 00:32:52,840 It's going to be coming out in on 4/20, right? 595 00:32:52,840 --> 00:32:56,120 I think in three days everyone's saying, you know, this is the 596 00:32:56,120 --> 00:33:01,200 100 X bit of this cycle and some, I think Franklin Templeton 597 00:33:01,200 --> 00:33:03,920 came out and said it, pretty much everyone is being like this 598 00:33:03,920 --> 00:33:05,560 super bullish. We've already seen part of that, 599 00:33:05,560 --> 00:33:07,560 like part of the rally and a lot of these ordinals has been 600 00:33:07,560 --> 00:33:11,440 because of all the ruins air drops they're going to get. 601 00:33:12,040 --> 00:33:14,760 Interestingly, I saw Beanie come out yesterday and said, look, I 602 00:33:14,760 --> 00:33:16,200 don't think it's going to be that big a deal. 603 00:33:16,360 --> 00:33:18,800 He said, look, I think Bitcoin Maxis are Bitcoin Maxis. 604 00:33:18,800 --> 00:33:20,280 They don't really like shit coining. 605 00:33:20,600 --> 00:33:23,480 They don't really like buying anything that isn't Bitcoin. 606 00:33:24,680 --> 00:33:28,200 What do you think about that? Yeah, I think that's true for 607 00:33:28,200 --> 00:33:31,040 Bitcoin Max's, but I think there's also a cohort of Bitcoin 608 00:33:31,040 --> 00:33:34,160 holders who understand that there needs to be more to 609 00:33:34,160 --> 00:33:37,560 Bitcoin than just Bitcoin itself in order to compete with other 610 00:33:37,560 --> 00:33:39,040 chains. And I think that was the lesson 611 00:33:39,040 --> 00:33:42,760 from ETH in 2021. So I think it's something that 612 00:33:42,760 --> 00:33:44,000 we'll have a lot of support behind it. 613 00:33:44,000 --> 00:33:45,680 I think you will see a lot of people DJ ING on it. 614 00:33:46,000 --> 00:33:48,360 It's not just like, oh, hey, here's this new thing on an L2, 615 00:33:48,360 --> 00:33:50,160 random L2 or whatever. Like it's Bitcoin. 616 00:33:50,160 --> 00:33:53,160 It's like the OG thing. It's a big thing and you've seen 617 00:33:53,640 --> 00:33:57,760 it's for me, to me that like that market will be an extension 618 00:33:57,760 --> 00:34:00,120 of ordinals. Like I think there's, there is 619 00:34:00,120 --> 00:34:01,880 some good art and stuff in ordinals, but I think very few 620 00:34:01,880 --> 00:34:03,920 people are buying and speculating on ordinals because 621 00:34:03,920 --> 00:34:05,800 they're in it for the art or they like it. 622 00:34:06,080 --> 00:34:10,520 They're they're speculating it on it as a basic for Bitcoin or 623 00:34:10,520 --> 00:34:13,199 as a levered play on Bitcoin. And so if you have ruined, 624 00:34:13,199 --> 00:34:16,679 there's another version of that that potentially is more liquid 625 00:34:16,679 --> 00:34:19,040 and easy to trade. Just like how we've seen tension 626 00:34:19,040 --> 00:34:21,800 shift from NFTS on ETH to meme coins on ETH and now meme coins 627 00:34:21,800 --> 00:34:25,560 and soul. By that logic, I think, you 628 00:34:25,560 --> 00:34:27,600 know, stuff could be pretty pretty pretty interesting there, 629 00:34:27,600 --> 00:34:30,600 I think. Yeah, and I think people feel 630 00:34:30,600 --> 00:34:34,120 like they've already missed a lot of this shit already. 631 00:34:34,120 --> 00:34:36,120 They're like, oh, you know, I've already missed it. 632 00:34:36,560 --> 00:34:39,679 I saw a really good table. I forget who posted it. 633 00:34:39,679 --> 00:34:42,560 I think it was maybe even Clemente or PL. or something 634 00:34:42,560 --> 00:34:45,679 like that from the the Nifty Show, who put all the 635 00:34:45,679 --> 00:34:49,400 collections, all the ordinals collections in ETH. 636 00:34:49,840 --> 00:34:51,920 And like the highest ordinals collection is actually just like 637 00:34:52,480 --> 00:34:54,679 a ETH. It's really not that high. 638 00:34:54,960 --> 00:35:00,440 Like we're nowhere near the the ETH highs for NFTS that we saw 639 00:35:00,480 --> 00:35:04,040 in the last cycle. You know, like board apes hit. 640 00:35:04,040 --> 00:35:08,040 450 grand. Like punks hit similar right? 641 00:35:08,040 --> 00:35:13,280 Like we are the top ordinals collection in terms of price is 642 00:35:13,280 --> 00:35:15,480 like 30 grand. Is it roughly? 643 00:35:15,880 --> 00:35:21,400 Yeah, we are like nowhere near that. 644 00:35:21,600 --> 00:35:26,760 Like, no, monkeys are 25 grand and how much is a puppet these 645 00:35:26,760 --> 00:35:33,600 days? So like, yeah, 2020 grand. 646 00:35:33,840 --> 00:35:36,920 So people feel like they've missed it because they've missed 647 00:35:37,040 --> 00:35:40,160 the first bit of this move. But if if this does become a big 648 00:35:40,160 --> 00:35:42,720 thing, you know, if ruins does take off and Bitcoin Maxis 649 00:35:42,720 --> 00:35:45,480 decide they're going to get rid of, you know, get part wave some 650 00:35:45,480 --> 00:35:49,200 of their Bitcoin, you know, if you get to 450 grand, it's still 651 00:35:49,200 --> 00:35:52,240 a 20X still a still a still a big move. 652 00:35:52,240 --> 00:35:56,560 So I don't think it's 100 X because I think I agree with 653 00:35:56,560 --> 00:35:59,480 Beanie to an extent is that like Bitcoin, there's a huge bit of 654 00:35:59,480 --> 00:36:03,560 that Bitcoin TBL, which is just like we own Bitcoin because it's 655 00:36:03,560 --> 00:36:05,280 gold. We don't own Bitcoin for like 656 00:36:05,640 --> 00:36:08,280 for utility. We own it because we don't ever 657 00:36:08,280 --> 00:36:10,120 want to part ways of Bitcoin. It's the hardest asset in the 658 00:36:10,120 --> 00:36:12,960 world. At the same time, I do think 659 00:36:12,960 --> 00:36:17,280 those could, you could easily see six figure ordinals, which 660 00:36:17,280 --> 00:36:20,640 is like a A5 to 10X from here. So I think and then that'll be 661 00:36:20,640 --> 00:36:23,320 the same to some of these runes. I also think that there's a lot 662 00:36:23,320 --> 00:36:25,800 of grifting going on in that market and there's a lot of 663 00:36:25,800 --> 00:36:28,120 assumptions that suddenly, you know, you launch something on 664 00:36:28,120 --> 00:36:31,040 runes and it's going to immediately go to hundreds of 665 00:36:31,040 --> 00:36:34,640 millions. The highest I've ever seen for 666 00:36:34,640 --> 00:36:41,640 like a Bitcoin token was Audi, which went to I think over a 667 00:36:41,640 --> 00:36:46,080 billion, like a 1.5 billion. And then it's quickly gone back 668 00:36:46,080 --> 00:36:48,200 to basically 500 million or less. 669 00:36:49,480 --> 00:36:53,920 So I'd be wary of just like I own ruins, I'm going to be a 670 00:36:53,920 --> 00:37:02,720 millionaire because I think it's still very, it's very nascent 671 00:37:02,920 --> 00:37:05,920 and liquidity can flow out of these things very, very quickly. 672 00:37:05,920 --> 00:37:08,960 And they can, they can drop like an absolute stone when it does 673 00:37:09,080 --> 00:37:11,880 like it's really like we pump this bit and then we move on to 674 00:37:11,880 --> 00:37:15,720 the next bit. So I I'd just be wary about it 675 00:37:15,720 --> 00:37:18,440 like a lot of just like when everyone said base season and 676 00:37:18,440 --> 00:37:20,520 base season did last for like 2 weeks and then all the mean 677 00:37:20,520 --> 00:37:24,640 coins basically went to zero. Just be aware that like this 678 00:37:24,640 --> 00:37:28,360 narrative is going to isn't just like a given. 679 00:37:28,520 --> 00:37:31,080 Like it does require a lot for it to keep going. 680 00:37:31,280 --> 00:37:32,880 And I don't think you're just immediately going to be a 681 00:37:32,880 --> 00:37:34,760 millionaire for your own ruins. So like, be careful. 682 00:37:35,720 --> 00:37:37,280 Yeah, I just don't. I just don't know where to 683 00:37:37,280 --> 00:37:38,520 start. Like what would you buy? 684 00:37:39,640 --> 00:37:43,560 Well, the easiest thing to buy is things like puppets or or no 685 00:37:43,560 --> 00:37:48,320 monkeys or like pizza ninjas or OMB, because then you get some 686 00:37:48,320 --> 00:37:53,560 of this stuff for free. But getting stuff for free 687 00:37:53,560 --> 00:37:55,400 doesn't mean you necessarily get value with it. 688 00:37:55,400 --> 00:37:59,640 So I agree it's just something to be aware of that pups token, 689 00:38:00,040 --> 00:38:05,440 you know, like the the one related to the puppets like that 690 00:38:05,920 --> 00:38:08,360 has been one of the more popular plays. 691 00:38:08,360 --> 00:38:11,920 There's like a liquid play. I don't know where that is 692 00:38:11,920 --> 00:38:15,120 today. I saw, I saw like it rallied a 693 00:38:15,120 --> 00:38:16,240 little bit. Let me have a look. 694 00:38:16,240 --> 00:38:19,800 Let me see if I can find it. I would say that that's probably 695 00:38:19,800 --> 00:38:23,200 the the easiest one. But at the same time, like 696 00:38:23,200 --> 00:38:29,720 that's down 50% in in a week. So you've got to be aware, like 697 00:38:29,720 --> 00:38:34,000 if you're buying into it, like an answer narrative, don't 698 00:38:34,000 --> 00:38:35,640 immediately assume you're going to be a millionaire. 699 00:38:36,440 --> 00:38:38,520 These things are volatile, even if it's good. 700 00:38:38,520 --> 00:38:40,720 And I'm not saying that he gives bad calls or anything like that. 701 00:38:40,720 --> 00:38:45,520 But like this isn't be prepared for like this narrative to rug 702 00:38:45,520 --> 00:38:50,480 you and you you have to be a, you know, a community member 703 00:38:50,480 --> 00:38:54,560 slash long term believer, because ordinals doesn't just 704 00:38:54,560 --> 00:38:55,920 immediately mean profit, I would say.