What up? What up?
Good morning. Good morning, G.
Oh, yeah. Better.
No, it's not. Friday, Thursday, July 25th,
2020 look at that. Another beautiful day to have a
beautiful I got my coast in the house, Tyler all made over and
stuff. Look at the hair going.
He's going to Nashville to see his president talking about the
Hawk Tour girl and he's exciting though, he's getting all fresh.
So here he heard the Hawk Tour girls going to Nashville.
He's flying today. Look at that pale, freshly
shaved looking all so fresh, so clean.
He's got like oils on his face and everything.
I bet you smell like eucalyptus out there right now.
Tyler Mando, good morning. I guess what you guys doing
today? Great man, always good.
Oh my God, I crack myself. So the market is the market is
fully nuking. It feels like it's over now,
right? It's over, right?
I I'm being told that the cycle has stopped.
Is that? Is that what I'm reading online?
Feels like it, feels like it, and it's bearish again.
Oh, OK, OK, OK. So we're going so much higher.
Tyler, how are you doing today? I'm good ready to go on this
point in Nashville. Yeah, take off in just 2 1/2
hours or so. Excited to see some folks.
How long has? Chicago already seen some good
reports. That was an easy flight.
It's like an hour in Chicago. Easy money we have.
Have you ever have you ever been to a Bitcoin conference like one
of the Bitcoin I have? Yeah, So this is not my first
Bitcoin conference. Excited to see how the crowd is
is different. They love Bitcoin.
They don't love much else. I believe that you're.
Going to get me a bunch of Maxis who are off the grid.
I'm very curious how they feel about runes and ordinals.
I feel like that's going to be one of a hot topic.
Hold on. I think we lost the big man.
I think he's gone unless he's like he'll.
I wonder if the audio is coming through as well.
Woof woof. Can they hear us on the show
Sims? They can't because the
broadcaster's out. So he might need Tyler to throw
up and come back and might need Tyler to plug in and unmute.
Yeah. Love it, love it.
Wonderful technical difficulties for a Thursday.
Yeah, well, I beat the, I beat the Wi-Fi, just live in Ibiza.
Sorry. He's just, he's been there for a
while now, right? Can you is the audio?
Live. Yeah, yeah, we got Yeah, just
mute. Mute for Rogue.
I don't know if I can open that. OK, I'm not a Co host.
Check, check, check. Can you hear me?
Yeah, if mute up for up because Tyler's looking over on his
roadcast up. Now I like I completely crashed
like everything crashed right now.
I can't even kick your old camera from the studio.
OK, are we good? Can people hear us?
Yes, everything's good I. Think we have a slight?
Echo from maybe Mike's phone if it's a bit too close.
I don't know. There's a slight echo somewhere,
but I think we're all right, yeah.
Maybe. Maybe it's me.
Check, check. Oh, it's gone.
Oh, check, check, check, check. Right, let's start again.
We're good. We're good.
We can't hear. Give us a hug to get out of
here. MP Boogie, who do you think
you're talking to today, Today on the show today, today market
report, Angel Crypto's going to 0 psycho top Anthem's bearish,
KBM's bearish, everybody's bearish.
It's over. Tyler is short Ethereum.
We're going to have to talk about that then.
And everybody's hating on the Ethereum Foundation again.
So I don't know, maybe I missed some news.
Like are they selling again? Let's talk about this because I
I saw like slander of the Ethereum Foundation all over the
time. I think that was hilarious.
And then Tyler's top 100. I'm sure he's got a lot to talk
about as he heads to Nashville right after the show.
And then last but not least, Robin 10K spins baby.
I got some really good selection ready for y'all today it's
Thursday, we have no show tomorrow, so we brought those
spins forward. 2 lucky winners who answer questions will be
able to come on stage and win. You know, anything from a red
guy who by the way, so quite a pump a red guy all the way to
all the way to punks. We love to see anyways,
anywhere. Without further ado, Mando, we
need to know why we're going to 0.
See, it rhymes. Who is the man?
'S macro daddy of the land. Can you dig it?
Yeah, GM, everyone. So the reason why we are selling
off it seemingly, well, there's probably multiple reasons.
The first one was yesterday was a horrific day in macro.
So you have the NASDAQ have its worst day in about two years.
It was down nearly 4% and that has kind of gone across all
markets. So the NASDAQ is is kicking off
down again today nearly 2%, though it's mainly tech stocks
today. It's the small caps are kind of
rising. So it's not as horrific as it
was yesterday, but tech stocks are getting badly hurt.
We're also seeing like you had a sell off across Asia, a bunch of
different markets sold off gold tank.
So pretty much every single market tanked yesterday apart
from bond yields where bonds kind of went higher because
yields went lower. So bad day for macro and
seemingly we were holding up OK actually that like negative
correlation that we've seen recently looked like it was
going to be in play. But then but then you have the
second piece of news which is the ETF actually saw outflows
yesterday. Now this is pretty bearish
partly probably just short term bearish.
It's all coming from Grayscale. Grayscale had I think it was
like 800 million of outflows yesterday.
It was something very, very big. And obviously we speaking about
how they have their fees high and they're transferring it to
other ETF providers. But we had a net outflow
yesterday. And we've already spoken about
the fact that we we would also expect to see more inflows than
expected because people are coming in to do that delta
neutral trade where they where they buy the ETF and they short
the short futures. So this was particularly bad and
you saw it really puke on the back of that.
So and I think it's a precarious, I mean it is a bit
of a precarious position. I did not think that it would
puke. So I've kind of got this one
wrong 100%. Like I thought, I thought it was
kind of priced in that that, you know, this was going to happen
with Grayscale and we'd see big outflows.
I did think the inflows would be stronger than they have been at
least for the first few days, or at least not as negative.
Like we're actually at like, yeah, negative ETF flows across
Grayscale as well. So that's really taken us a
little bit lower. I don't think it's anything to
like necessarily hugely panic about.
The reason why tech stocks sold off was because because of two,
you know, not as amazing as expected results.
You had Tesla, which which kind of missed earnings and then
Google's earnings were strong, but maybe not as strong as
people thought they were going to be.
So tech stocks kind of sold off, but it's not like the world's
ending or there's some big geopolitical thing that's it's
happened. It's just kind of like
valuations got a little bit much that causes sell off And then in
crypto this feels to me like more of an E specific issue and
that was kind of showing up. Obviously, like Bitcoin
dominance is up solely has moved pretty aggressively over the
last week, but this definitely like more of an E specifics
thing, but it's taken down quite a lot of the market with it as
as kind of that selling looks like it's going to be a short to
medium term thing. Like a lot of people will be now
looking to get out of this grayscale fund.
And we could see similar to the Bitcoin ETF, you know, continual
outflows out of that fund. So let's see.
I think I think it's there's a reason why it is unreforming.
And I think that the main issue, I thought it was precarious is
because we've been speaking on this show about the fact that,
you know, CT, which is not, you know, refractive of all of
crypto has moved a bit more bullish on to Solana.
So you get this like broad dunking on ETH whenever this
sort of stuff happens. And they're just maybe there
isn't that marginal buy within the crypto.
I know the front line of the crypto community.
Whereas when you know, and this happened with Bitcoin and the
Bitcoin ETF, there still was, you know, everyone's like was
lining up like, Oh my God, I can't believe I get to buy
Bitcoin at whatever it hit 39 K or something like that.
After after that dip. I don't know if people are
sitting there going like, I can't wait to buy ETH at 3K.
Like it doesn't feel like it had that same narrative.
Then what what happened to Bitcoin when it happens?
So I think that's why it's a little bit more precarious this
time. But I don't think it's the whole
of crypto. I don't think it's anything to
get super worried about. But this does kind of set the
stage for maybe more donkey on Ethan and maybe our performance
of those of those majors versus ETH, in my opinion.
We've been in this range on Bitcoin since February of this
year. Like just so people honestly
like that's 63 K Mando, remember how many times you've mentioned
that 63 K mark? We have been in there like yeah,
we've had a couple. You know, we've hit highs, we've
hit lows. We've had what multiple times or
we talked about a lot of this show and then lows quite quite a
few times. We've been in the same exact
range forever. It feels like what, February 20?
Let's see, February 28th, So February marks of real measure,
5 months. So yes, I do my months in my
dates in French. I don't know why I can't count
nor do months in English. So weird, right?
No, I actually know them. Don't worry, guys, I can speak
English, but I don't know it's a mental thing, but that's that's
an interesting that's an interesting range we're on.
Tyler, you got some explaining today.
I don't mean to call you out here, but you got you got you're
fresh cut, you're looking great. You're going to Bitcoin
Nashville and you're shorting 8th.
Like what's going on here? Yeah, I'm, I don't go short very
often a long critter. I, I took a sober look at the,
at the market yesterday right after our shows and stocks were
nuking. I saw the, the huge outflows
from, from Grayscale and I just, my read was this is just going
to play out exactly like the Bitcoin ETFs did.
I think it's probably just going to be as simple as that.
Like we're going to see huge outflows from Grayscale for the
next two weeks. And there's a good chance that
ETH pulls back somewhere 10 to 20%.
So I I went up and I shorted ETH 9X and I got in luckily over
3400. Oh, you're good.
The trade's already at like 75%, so it was like a huge trade
using Wasabi. So shout out to Wasabi over on.
We're on blast. So earning some points.
But yeah, so like I've been following Lucas and like, I'm
not a huge TA guy. Like I'm on the OSOSF side of
like the TA argument but like I feel like Lucas nails this
stuff. He's good.
I I follow all his posts and
he's been talking about stocks topping and like when you're
going up in a straight line, it's so hard to to think like,
OK, how how are we going to pull back here?
And no, can anyone even explain why the market nukes so badly
yesterday? I mean Mando gave some
explanations, but it doesn't really feel like a few bad
earnings. It was enough to move everything
as bad as I don't know, but like the reality is like.
My honest. Yeah, it looks right.
My honest opinion, and this may be political or not, is that
people are are pricing in the fact that Trump might open.
And this has been a big, big part.
This has been a big part of the trade for a lot of the shit,
even though people probably haven't predicted it.
But like people are predicting that Trump would be Biden.
And now you're starting to see some of these polls come in
very, very close. I think the bullish well, what
we saw basically last time that Trump got elected like a very,
very bullish set up for the stock market, kind of a low tax,
low leg regulation style world, maybe even lower capital gains
tax, all these sort of things he was talking about doing probably
also more pro crypto, you know, that starts to get priced less
in. You could.
I don't think people are probably connecting the dots
just yet, but I do think that that that will, if we continue
to sell off, people will say because that's, that's probably
what it was because there's nothing really like you actually
look through the results. Google's earnings were OK
Google's earnings were OK. Tesla's earnings were not good,
but it was for their car division.
It's like Tesla's, you know, if you think Tesla's a car company,
it's, it's worth more than all the other car companies
combined. Like it's not a car company.
So it's, so I, I, I, I think it's more general sentiment
about this is also in a world where you know, like we're
respecting rate cuts, everything's been set from a
macro perspective, I think, I think that's, that's partly it.
I think that's yeah, I think that the I don't know if this is
like the honeymoon phase. I think that's what the the riot
is kind of teeing this up as or if it's something bigger than
this, but. I mean, it's also like the same
argument as we've been making us three of us like all summer, say
it's also summer. Like, you know, it's like it's
also summer volume. Like this ETF launched in the
middle of the summer in a market that's not that good, like
choppy ish, right, with low volume and still managed to get
a billion dollars of trading volume on day one.
Like, I don't know, like and of course, like we have Grayscale
dumping $800 million. Like how much more do I have to
like I kind of, I tweeted about this last night, but like, I
like that Grayscale's just like turbo dumping all at once, like
strip it off, rip the bed enough so we can start fresh.
Like, come summer, come summer end, you know, how much do we
know? How much more Ethereum Grayscale
has to sell here? They have about 10 billion.
So oh. Nice.
OK. So not a couple more
liquidations like we're talking like.
No. Like 100 more liquidations end
up only. I'm keeping the short on people.
You're keeping us sort of be careful with those traps and
those bounces, Tyler. You know I don't want to pray
for my Co host downfall. I like you a lot, OK.
It won't be sad if if if we get liquidated, but I to close up my
thought like I I will flip it back along I think within like a
week or two. So like this is a very short
term. What's your target like 2829?
Yeah, 2829 and if it, if the, if things change, then I'll, I'll,
I'll and, and whatnot. And I, I still stand by like
original thesis. I, I do think there's a good
chance we rally 75 to 100% off the bottom.
I think there's a good chance the Black Rock and folks are
there waiting. It's like they very well may
have the same theory thesis that it's going to dip on the
outflows and then they're going to load up.
We saw them, the Bitcoin inflows had stopped, right?
And then Bitcoin naked and then like they, they, they soared,
right? It's like they, they liked the
entry. At least that was my read on it.
So I think there's a chance it plays out.
Don't worry you guys, I am sending reinforcements.
I have called my people. I'm sending Locksley tomorrow to
the NYC. He's ringing the bell with
Bitwise. Thanks to CEO there too for
inviting us over. Bitwise been putting the work on
the Ethereum and TF by the way, shout out to them.
We should get Hunter over the show, but but you know Locks is
going to be there in Recon. He's going to be on the fucking
floor and he's going to be time everybody to bid Ethereum.
So I got y'all rug radio's got you.
Dustin's got you. We're sending our CEO and recall
in other news on the market side, I must say I'm impressed
by the memes. Usually memes sell off 30.
I'm surprised Pepe on on this sell off of Ethereum.
You'd expect Pepe to be down like 20%.
You know Mark got hit pretty hard on that front, but it's
also very volatile token. But even they're like Mark is
not down as bad, but Pepe is like, can we talk about the fact
that the memes are not selling off as hard like even with this
time around? All right, Solana barely sold
off, but still from 181 two to like 168 and with this back down
to the 250 band. That's a pretty impressive
strength on the meme coins though.
Yeah, I think so. I I think people the good thing
about memes is that the I mean, Doge ISM is is actually a chain,
you know, like people, people forget about that.
Like they're kind of chain agnostic.
They don't really like they can survive whatever happens off
even if even on like a chain that's not really doing so well.
Like I do think people maybe buy Morgan Pepe for ETH exposure,
but I I also think not as much as people buy like sole memes
for sole exposure. I think they exist.
I imagine Morgan and Pepe would exist even if ETH went down a
lot. Do you know what I mean?
Like I don't think it's an ETH beta play.
I think it's just like one of the OG memes at this stage, in
my opinion, where the feel like with Solana, you kind of are
playing the more for Solana beta.
I don't know. I think that maybe because
they're older, they've got a bit more of a like a community
aspect to them that it's not just like, right, we're just
gambling on Solana going. Up.
I mean, like, yeah, we're like 1200, right?
Like it was like in the gutter when Pepe had to run to billion,
right? Yeah.
Like I think Pepe could be on any chain and still probably be,
you know, it would still have a similar dynamic.
In fact, it's done very, very well this cycle, even with ETH.
You think Cardinal? Well.
Well, maybe not Cardano, but Doge is a chain, right?
Like you don't, you don't like Oh my God, I'm so annoyed that
it's on doge chain like. Yeah, but really?
Cares, they buy Doge, they buy Doge and it's the same as ship,
right? Ship's its own chain as well.
Like people buy these things because they're so OG that
they're like irrespective of that stuff.
And I think at least for Pepe, it's kind of gotten to that
stage and Mog I think has a very strong community.
So it's less so, but you know, if this move happened, for
example, if this move had happened on Solana, I think a
lot of coins. Would.
Be like over over, right, like never coming back.
And I think, I think that's, I think that's, that's probably
where we're at with with those two.
But yeah, so I think so memes are doing OK.
I think if you're a Solana bull, you're you're gloating at the
moment. And I, I, you know, I, I guess
I've, I've been pretty vocal myself that I think it's got the
best upside to it. I don't think it's not AI, don't
think it's a consensus trade. So like, it's if this thing was
sitting at 50% or 70% of Eve, I'd be sitting there going like,
you know, this, this is maybe a bit crowded, but it's still such
a low percentage that it's it's kind of a bit crazy.
What I do think about crypto in general, having having now been
in it for a little bit longer, is it's difficult to pick up
long term value trades like ETH does a lot of what Solana does.
But yeah, it's kind of been, you know, the criticisms around it
is this kind of feels a bit old, slow, expensive.
And I could very much say that in like 10 years or five years,
we could say the next thing, say the same thing about Solana,
right? Like.
Oh, we found a different way to do this.
So something, something that I, I do feel about L ones is that
the, the way that ETH is being treated this cycle makes me
think that you just can't marry your bags.
You can't marry your bags in L ones because there's always
going to be a faster, cheaper, better chain.
There are some network externalities of like building a
bigger network like Metcalf's law, but that hasn't really
protected ETH as much this cycle, right?
And I think there's something to be said about that next cycle.
I don't know if I'm not like a Solana maxi, let's put it that
way. All this has told me is that you
need to be cognizant that L ones aren't like Bitcoin.
You know, Bitcoin is has kind of got this narrative that's multi
cycle. Yeah, but but but I do think
that L ones, no matter how bullish you are in them, there's
always going to be something. So that's something I would say
for a second. That's something I would say for
someone who's who's owning either.
It's not like as a certain person who likes Solana more,
it's not that I think Solana is going to be the best shame
forever. All this tells me is that L1's
actually, you know, they might not be like super, super long
term investments and should they really be?
That's also another thing like do you really want to have the
same payments architecture in like 50 years or do you think we
should have a better one? And I think that's something to
be you have to kind of appreciate around L1's and smart
contracts and all this sort of stuff.
We're probably always going to have a new, better one, and
that's just the way that tech is.
Whereas Bitcoin has this digital gold narrative, which you don't
really need a new version of that.
Yeah, yeah. No, that's it.
It's I, I, I, I agree with you. One more interesting thing to
note before I go to Taos of one hundreds.
Here is just some perspective for people.
Yesterday with the the stock market dump was half of the
total market cap of crypto. I want to spend this off in the
positive narrative that we are so early.
The little dump that was like the biggest dump in three years
on the NASDAQ, right on the market.
It was 2%. My name was 2%.
It was the biggest dumping through.
Look at these balloons. Balloons.
Two years, 2% was half of Bitcoin of the total market cap
of crypto wiped on the Stock Exchange, just 2%.
So I don't know, like to me, I see this one like, what the
fuck? Like we're so early.
I don't know. This is how I see like $1.1
trillion. That was a dip anyways and.
That's when I was looking that up.
I I didn't realize how high I'd gotten.
God. What's 716?
What's? The market cap of silver.
Everything had hit all time highs is the other thing.
Every single market currently had hit all time highs.
Gold hit all time high last week.
Stocks had all hit all times highs in pretty much every
single country around the whole world.
So having a pullback like this, it also makes it look a bit more
precarious, right? Right.
It's not like, Oh my God, you have to be a buyer down 4%.
Like we're down 4% out of like multi decade highs in many of
these markets it you know. It's fine to have a pullback.
What's the market cap of Ethereum?
It's it's 377. Did you know that the market cap
of saffron is twice the market by cap of Ethereum?
Interesting. People use saffron.
Fun Persian fact, you know, I know I was talking to Danny
about snafron being the most expensive commodity the other
day and I was like I just checked it's like 600, No,
surely not. Anyways, as well I got I don't
know, I'm getting interested in the saffron trade.
You know, I I feel like I'm gonna start trading sales your.
Persian, your Persian roots coming out right.
My wife is a Rocky, so like, yeah, see, Saffron is in
literally literally every single thing that she cooks.
It's actually positive. It's a it's an antidepressant.
If you put a tiny bit of saffron on your teeth, it's good for
you. And then the future is also
avoids Alzheimer's and stuff like that.
This is not medical advice anyways.
It's just like grandmother recipes type of shit.
Anyways, Tyler what he got for us today for daily NFT and
crypto analysis. Tyler D on FOMO our calls the
kids can't. Bring the bats and bears.
I have another laundry list today.
So for starters, crypto majors down 4 to 8% after stocks had
their worst day in years, $250 million in liquidations.
The meme leaders are down in line with the majors.
ETH notably down 8% after $133 million in outflows on day two.
Grayscale now up to 811,000,000 in net outflows from themselves.
So they're driving it. In other news, Senator Loomis
does plan a Bitcoin strategic reserve policy and it may debut
this Saturday at Bitcoin Nashville.
So we will see if that pans out. Another Bitcoin Nashville news,
Kamala Harris will not speak. That was confirmed yesterday
morning after rumors that she was considering it.
So we will not see Kamala Trump still on deck for Saturday as
well. Coinbase Asset Management is
creating a tokenized money market fund following
Blackrock's U.S. Treasuries fund, which has
already accumulated $500 million in assets.
So big news of Coinbase Proton folks may know them from e-mail.
They've released a self custodial Bitcoin wallet that
makes sending Bitcoin as easiest sending e-mail Privy is as
support for Solana. So they're moving over to
solana, allowing devs to now unlock that feature over on
Solana for apps and for users on mobile and desktop and NFT news
Uzuki. They created a new fully
autonomous AI chat bot named Bobo to interact with the
community and audience members in partnership with join hallway
in meme news. We saw moo moo for you were just
talking about moo Moo a couple days ago.
It ran to 170 million after a week for some reason.
Converted $2.5 million of whiff to $1,000,000 of Moo Moo.
They lost one and a half, $1,000,000 in the trade.
God damn it, Ovie. That it did pump the price in
prediction markets. There was a strange better
yesterday. This polymarket better lost
$600,000 betting on Biden to resign and president by Friday.
So it looks like that will not likely take place.
And he certainly did not resign last night.
So that was beat. And then we got some new GDP did
come in hot. So odds of rate cuts in July had
had about doubled from like 8 to 14%.
And now they're they're back after the GDP numbers.
So it looks like probably no rate cuts.
Wait, no rate cuts? In July, I would sorry.
Rate cuts. In July, they're still very
strongly favored for September. So let's see what's the what's
the, what's the market saying? What are the what are the what
are the markets saying here? 7% now for July.
Holy shit. I, I took a flyer on that.
So I actually didn't make that bet yesterday when when stocks
new IT was like I think it was like 6% like a like a like 15 to
116 to one. Come on, Jay Powell.
What? What's what's Pelosi doing right
now? She she long?
She's short. What's what's what's what's
Nancy doing? She's always long.
She's always. Long, I like her.
She's a she's a turbo bull. She she had made some
interesting trade a few days ago.
I forget was it, I forget which one.
It was like a chip stock. It was in the video, it was
other company and then it was news that came out like three
days after She's she's she's a great trader.
You don't want. To see her she's she's a great
trader. Let's talk about Cynthia Loomis
because yesterday on the show I mentioned like that's one people
that actually would be curious to go listen to.
But I mean, she's actually because she's kind of been
leading the front on that front with like FIB 21 and everything.
So, so the Bitcoin strategy policy that could be debuting or
being announced at at at bits financial.
So what's this all about? Yeah, apparently so.
Fox News got to scoop that. Apparently, Senator Cynthia
Loomis has seriously been crafting a policy to make
Bitcoin AUS strategic reserve asset.
They went on to say it's possible she breaks the news
this weekend at Bitcoin Nashville, but the plans to go
public are in flux. That is a direct quote and could
be delayed. So even if it's not debuted this
weekend, it seems very much it is on the table.
The idea that the bull case here is that she debuts it on
Saturday at the conference herself and then Trump endorses
it in his closing speech. So I think that's what you're
rooting for if you really want this to go through.
She she did tee this up on her Twitter.
So I, I went back on July 22nd. She tweeted out big things are
in store this week. Stay tuned with the the Bitcoin
B as as the highlight. Oh, as the snake thing?
Yeah, I saw that. So I think just the pure big
things are coming like you can't read as much into it.
But I mean, she uses the Bitcoin B She's then famously, I think
the the most like crypto forward, crypto focused senator
that that we've seen. And she is she's been on deck to
to speak. So I think she's going to be a
must a must see if you're around.
I think she's speaking Saturday. Yeah, me and I were chatting
before the show. I think like there is a little
bit of a reality check on this, like we just the chance of this
is huge, right? But policy can take some time to
be an actor. Yeah.
So just because she writes up a bill doesn't mean that this is
buying Bitcoin next month or absolutely.
Yeah, I would say that what this originally was is that Trump
might like be Provis and now it's like Santa Loomis might do
it. That's quite a big difference.
I don't know how like she's kind of a bit of a fringe bitcoiner.
She's had obviously the stable coin regulation for years trying
to push through. And you know, you've had, you've
had a few different people push for crypto storage legislation
both in the House and then and in the Senate.
I it's quite a big step down. If she was to be like, hey, I'm
going to introduce this. You need that Trump endorsement
for it to be a big thing. If it's not, then I think it's
it kind of Peters out slightly like she's been trying to push a
bunch of different crypto stuff and so some other house
represent representatives. Yeah, she's been pushing hard.
By the way, look at those green candles across the board on the
hourlies. Bacon just jumped like $1500.
One candle. I love this.
I was saying this. I was saying this to Parker too.
Sorry to. Look at.
That to Tyler, too. Went from 63 four to 64 five.
So one candle Heath went down. So don't worry, Tyler Heath is
this is your, this is the 8th. You're finance.
Look at that. I'd love to see that.
So I don't know, Tyler, I didn't want to jinx you, but be
careful. Yeah, I might have to bring my
Ledger with me. That's what I'm saying like the
open interest is, is very high at the moment.
It's the highest ever on CME feed.
So it says that a lot of people saw these figures and shortages
like Tyler. So I don't think it's one of
those ones where you can just said it and relax.
I do think people. You you should probably TP or
like take something before you travel national to enjoy your
weekend. Yeah, I'll pick about that.
The core things it still hasn't changed, I guess about I don't
know on this thing. So I, I, I, I just sent you the
the Poly market bet will Trump announced strategic Bitcoin
reserve. I guess this is like maybe
muddied a little bit, I guess if Loomis actually, so I'm reading
the fine print right now, market will resolve the yes.
If Donald Trump announces that he will create AUS strategic
reserve of Bitcoin, that's by July 28th.
So he has to say it by this weekend.
I would think that if Loomis introduces it and he confirms
that, I think that would still count as yes, yeah.
That would still count, I reckon.
Right. I mean, it'll tell you here,
right? Yeah.
It's all this stuff I. He doesn't need to do this.
This is the thing, he doesn't need to.
RFK came out and said that he wanted to do this today.
But I don't think Trump necessarily needs to go here.
He's already like very pro crypto, like the most pro crypto
possible. I feel as though he might as
well as keep in his back pocket. He doesn't need to push that in
my opinion. I don't know.
Trump and Trump and RFK should have teamed up for this
elections. He should have picked up yeah, I
I generally think that you would take first of all, as the
biggest independent candidate ever or, or in in forever the
next 10 points and he's like the OR would you pro crypto
candidate was RFK. Let's not forget like he was the
one really pushing crypto like crazy and Benford and stuff like
that. So and.
And guy, I mean social policies are a little bit more mixed, but
like he's very pro crypto. I know, but I was talking about
this with Tyler before the show offline and I was like, the more
I see videos this guy speak, the more embarrassed on the guy.
Like he's very like he's he's very well spoken on on
cryptocurrencies blocked in tech, but it's starting to look
a little weak man on the rest, like he's not just an outsider
commenting on what the guy I'm not.
What do you mean though specifically?
I don't I don't know, maybe I'm being I'm telling you I'm being
served since I'm in Europe, I'm being served pro democratic for
you page. I'm not kidding.
I'm seeing all the anti Trump anti stuff memes here in
Montreal. I get served like pro
Republican, like super right wing conservative shit, and here
I'm being served the otherwise maybe, maybe it's getting in my
head. I don't.
Know but he.
Doesn't see confidence in the speech.
What do you think, Tyler? I'm trying, I'm really trying to
stay middle of the road an objective.
I do think Vance was the worst choice for Trump to get the
woman vote in the United States. And like he's been famously
like, you know, anti abortion. And I think women are really
latching on to that now. And this is the female vote
that's that's shifted. And they probably weren't coming
out for Biden, but now they're coming out for for Kamala and
and Brat summer. I mean Jennifer Aniston speaking
out now his his single woman with cat lady like the the
single woman with cat like not having like the the I'm pretty
that comment is really pissed off.
That was a bad comment. That was a bad comment.
He, he, he, he he's kind of fucking it up right now, right?
He's got to. He's got to get his shit
together because. No, who's a single woman with
cat or or an unmarried woman with cats is Taylor Swift.
And what they do not want is that Taylor Swift to.
Old man, you don't want to get the Swifties against you because
they can mean too. They got the tick tock on lock,
baby. Don't fuck with the Swifties,
you know, Don't fuck with the Swifties you know, don't fuck
with the Swifties you know. Don't fuck with the Swifties.
Anyways, let's not get too political.
But I just thought that was funny to mention on that
anyways. Tyler, Tyler, Tyler, Tyler.
Yeah, the Kamala not speaking thing.
I mean, that happened in the show yesterday.
Like, I mean, we even said it like it was never confirmed.
I don't always talks around with the news.
That's so like embarrassing on that front.
But anyway, so that's that was never really confirmed.
And that could think, you know, interesting.
Tell us a bit more about this Proton news.
This is really because a lot of people in crypto use Proton.
Yeah, I mean, I don't, I don't have a whole lot else on this
one. Let's see if we can pull it up
live the. Users.
Launching the Proton wallet, you know the.
ProtonMail like the e-mail service?
That's like super privacy, the signal for emails.
Yeah, yeah. I know.
Yeah, yeah. ProtonMail is like how many
users, How many users does ProtonMail have?
I'm curious about they got 100 million users as of April 2023.
Wow. Ted that's not small to be able
to if that's the case that they can offer like self custody on
Bitcoin for like all 100 million users like wow, that was a year
ago they had 100 million users that's.
It does feel like the scammers e-mail of choice so that every
time I see a proton e-mail I'm like yeah this is a fresh burner
for sure. There's no.
Fucking. Question I'm.
Clicking that. Any link comes from proton?
I ain't clicking. It if it comes from ProtonMail
bro, they're either like super like anonymous OG crypto or
they're like scammers. This is true, bro, this is true.
This is true. There was also some big news
yesterday from Solan. Did you guys see that?
I think you mentioned it Tyler yesterday.
No, that became safe. Yeah, that they rebranded and
they're launching a few different products including
Dumpy dot Fun, which is going to.
Short What do we think about that?
What do you think about Save? We didn't talk about yesterday.
We didn't have time. I mean, it's, it's peer-to-peer,
I think. So you're only going to be able
to do it if folks who are long are depositing to get the the
rates for for doing that. So it's, it's totally dependent,
you know, on that side of the market.
I feel like there's going to be a lot of demand to short a lot
of mean coins like we're we're seeing it like these slot of
coins, like these new ones, like their shelf lives feel like so
short. Yeah, they run and then they
just go to zero, like so fast. Did you?
Hear about the go ahead there. There was a report on celebrity
mean cones. Did you see this that came out?
It says the average. The average celebrity mean con
is now down 94%. Yeah, of course.
Checks out. What's mother right now, because
that's the one that's like kind of like still I see it on my
timeline a lot like she kudos to them, but there's that's the one
that I still see. 60 million it's alive.
That's. Yeah.
That's impressive. I mean it's down 66% from peak,
but still up. I mean, 60 million market cap
not no, I'm not bad. I think it's because it's still
on some like top picks, right? Daddy Daddy is still higher than
it, actually. Really.
It's at 66. The thread guy save it the.
Thread guy pump is is hold on, you can't wait.
This mumu thing, This mumu one is wild.
I can't even you mentioned it. I mean it is one of the best
traits. And we talked about it.
It's almost like if I copy traded our own show, I could
actually make money in this fucking market.
Jesus Christ. What is it at 100 and that cat?
They got a hell of a Wick to fail, dude.
Oh my God, am I seeing this right?
Hold on, is this it? That's the Wick.
You know what happened with WIFF when that happened?
You know, you know where it's where it's also actively
happening. Giga.
Gigas fill in the Wick. Yeah, pull up the Giga chart and
we talked about that too. I didn't, I didn't buy it.
It had a nasty Wick. What's filled?
It's filled. They filled in like 3 weeks.
OK, I'm committing. I'm coming.
I'm a buy a little moo moo after this.
What's the moo moo Wick? Can you go back to it?
Like what? What is the number?
Let's see the fucking moo moo Wick.
I you know what? They listen to the show every
fucking day. Every day these people listen to
the show It OK What? What the?
Fuck, so it's the Wick is how much higher you got to drop a
zero and go to. It'd be it'd be about a billion
or just shy like 800 million, something like that.
You know what? I don't have any moo moo yet but
send moo moo to a billion. Why not Let's fucking.
Walk. I saw someone tweeting saying
that it's the mascot of the ballroom, which in theory I
suppose it is right it? Kind of is because it's a
bullet. It.
Makes sense why it would do well.
I am getting bulled up right now.
I didn't even follow the account.
You know I will follow the account right now as well.
Look. At that thousand followers.
They're all over. It started off as a so I had
Mumu because we all did. By the way, if you held with you
had Mumu because it was like it was like one of those where they
airdropped everybody that was a whiff holder and stuff like
that. And it was like $2000 AirDrop.
Like it wasn't cheap. So it's $2000 you sell it.
Fuck, how much is that? Can someone who was in Mumu
right now in the comments tell me how much that original moon
we got AirDrop is worth? I'm really curious.
What did I fumble here, lads? What, what, what if?
I know I keep jumping on but you know what else did that?
I think if I'm not mistaken I think MU did that as well.
And look what muse are. You were even with the Solana
phones or something. But I remember having a bag of
MU a long time ago for nothing. I think it's because I
pre-ordered the Solana phone. Yeah, MU was the original.
They did that after bunk they did for the 2nd order.
Yeah, damn. And it's so obvious in hindsight
when you look at it with a bit of ball and like the mascot and
everything else like it just. We're going to have to do a
little bit here, right? Like surely where would it?
But where are we buying? Where are we buying, boys?
Were we waiting to get the back of 100 or what?
Where are we? Where are we buying this?
Shit, I'm going to see if I might have to buy the dip on
this thing. I mean.
In our upside. It, it, it, it's this is either
going to be the final dip or or or or we're feeling this way.
Why? I just fucking love this.
Oh my God, this is are they listening?
They listed every morning. I see this MFM bull in this in
this fucking comments section of our show.
Well, let's see if Moon with the bull wins the robotsman today,
because we're about to get there.
Well, actually Speaking of this, we could go there now, but is
there anything we didn't touch on?
As this is their last row of the week?
I don't really thinks all right. Yeah, I think we went around the
horn. The see the horn What the?
Fuck do you not? Do you not remember Moo Moo from
Moo Moo was created the same time as Pepe, but it was.
On Earth, no. That's Bobo.
And they created a mumu too. No, they did they.
They are Bobo, Mumu and Pepe are.
All I don't remember Mumu on Eve.
I I don't even see it on desk Screener.
I don't think Mumu was on Eve. There was there was a mumu on
eve. I remember.
How do I remember? I think it was created by this.
It was created by the same guys who made most Bobo.
It's it's 4,000,004. Million.
They had a Mumu on Eve, which was the OG one as far as I'm
concerned, or I don't know if they obviously like who knows
what the fuck the OG yeah, but they got they're.
Not even having 1000 followers, but they haven't tweeted since
June. Oh, no, two hours.
I take it back. Don't.
Don't come. OK?
I'm about to get so much slack for saying this.
I come in peace. I come in.
Peace, that's Mooboo is created by the PEP, the Pepe OGS if you
actually know. Like the people who create Bobo
and Pepe were involved in the creative move, but I know
they're all out on ETH so. But nobody's buying ETH.
I'm just it's a 4 million. We're about to stay in trouble,
boys. I am not getting in trouble this
cycle. Very good.
So fucking put me in there, Mando.
I'm just saying I remember it because that's I remember
getting some like a year and a half ago, right?
Like of moo moo. I had some bobo, I had some moo
moo, I had some Pepe because that'd be OG 4 Chan means.
But then bobo and Pepe survived, but that muumu never really
survived so I didn't really know what happened.
So then and now a mumo and soul has gone to like 150.
Well, it's going a billion. It's going.
To maybe that's the maybe that is the alpha play, you know?
I I, I I honestly feel like becoming like a community member
of this coin now. I love the wig.
Look, we really joked about the show when Giga had the fucking
pump the wig. We're like, oh, it's going to
fill the wig. Tyler just brought up it filled
the wig like four days ago. Damn.
What's good thing? Listen, I'm gonna, I'm gonna,
I'm gonna call my quantity. Need one of those for Epic, Man.
Somebody, somebody's going to go in there and full stack two and
a half million dollar fucking lift bag into Epic.
Hey Mando, be be be the Wick you want to see in the world.
Or maybe Danny. Danny, do you want to put a two
and a half million dollar Wick on Epic?
You're so down for it. Is there a treasure?
Here. QM, he says.
Daddy says QM. Seed phrase says QM.
You want to come to the robot's bins, They're like 2 minutes.
There you go, he said. QM, though, He's that QM.
Let's see, let's see, let's see where you're at here.
You're you're still losing the lines.
I know you're. You're still in the bullish
Pennant. That's what they call it, the
bullish Pennant. We got, we got listed, Maxine's
listed us today. Congratulations.
I saw that. I saw that.
Congratulations. You're still cooking.
Look at that Look.
You're still losing the lines. Look, as long as Bernie is in
this, I believe. I believe as soon as as soon as.
I mean, look at that. Look at that consolidation.
That's just fabulous. Let me bring it back up for you.
Let let's. So how's it been?
Actually, we're like day. What like week, How, how many
months ago did you launch this? Nearly four months now.
So how's it going on? Is it mostly like autopilot?
Like you can chill finally and sleep because the first month
you did not sleep for shit. No, it's fucking busy, man.
I'm, I'm busy all the time. Like all the time.
I don't know. It's good.
We we we breached bring it up on holder scam.
Wait, we breached 12K holders today?
Congrats. Good.
Yeah, we we're going to launch a face filter, like an Instagram
face filter. Like no way face.
Filters. Yeah, yeah.
It's so. Good.
Yeah, a couple more things like we got, we're thinking about
like a Chrome extension. That's for what one of the
things we can for the duck for like a for like an overlay of
Twitter. But you could maybe change
images or yeah, you'll see a few different fun things.
But yeah, generally it's supposed.
I'm a big fan of Chrome extensions that inject HTML.
Anyways, you have a lot of, you have a lot of fans here, you
have a lot of fans here. There you go, Epic chart, there
you go. Everyone's in gym anyways,
alright?