1 00:00:00,280 --> 00:00:03,610 Yo-yo, yo, what up? What up? 2 00:00:04,320 --> 00:00:06,080 Good morning. Good morning. 3 00:00:13,500 --> 00:00:17,010 Small now on this being a Tuesday. 4 00:00:17,700 --> 00:00:20,850 Ohh just Tuesday. My God, yesterday felt like a 5 00:00:20,860 --> 00:00:22,650 week. OK, I guess it's just Tuesday, 6 00:00:23,420 --> 00:00:31,590 Tuesday, January 9th, 2024444. Look at that. 7 00:00:31,660 --> 00:00:35,210 Another beautiful day to have a beautiful day. 8 00:00:35,280 --> 00:00:37,990 I got my co-host in the house off Mandel. 9 00:00:38,000 --> 00:00:40,750 How you doing today? GM guys. 10 00:00:40,820 --> 00:00:45,490 One day, one day closer. One day closer or or same day? 11 00:00:47,190 --> 00:00:49,380 Or same day, yeah. Or same day. 12 00:00:49,390 --> 00:00:51,500 I mean we're we're getting, we're definitely getting closer 13 00:00:51,510 --> 00:00:52,750 here. Amanda, how you doing today? 14 00:00:53,450 --> 00:00:55,660 Doing great, man. Doing great. 15 00:00:55,930 --> 00:00:58,220 Lisbon's a little bit, a little bit rainy actually. 16 00:00:58,310 --> 00:01:00,740 Ohh. Last couple of days, yeah. 17 00:01:00,750 --> 00:01:02,880 Yeah. Fair of you to say. 18 00:01:03,060 --> 00:01:04,790 So rugged. I feel rugged by this. 19 00:01:04,800 --> 00:01:06,700 Country. I wonder how many days a year it 20 00:01:06,710 --> 00:01:10,220 actually rains in in in Lisboa. Like I I don't think it's a lot 21 00:01:10,230 --> 00:01:12,840 right. I think they say it's 300 days 22 00:01:12,850 --> 00:01:17,010 of sunshine high and it's generally warm. 23 00:01:17,020 --> 00:01:19,290 It's really, it's the warmest European capsule. 24 00:01:19,340 --> 00:01:23,410 So you get as in like during the winter, so it stays pretty warm. 25 00:01:24,040 --> 00:01:27,650 But yeah, I've definitely been rugged the last couple of days. 26 00:01:27,880 --> 00:01:30,610 Too much sun, isn't it? 300 days just yeah. 27 00:01:30,900 --> 00:01:31,980 It sucks. Not enough? 28 00:01:33,000 --> 00:01:36,090 Sunlight for like 2 months and you got another three months to 29 00:01:36,100 --> 00:01:39,910 go before in May. Well, well, no four or four 30 00:01:39,920 --> 00:01:41,990 months to go. Really funny today. 31 00:01:42,100 --> 00:01:45,550 Very, very sunny today. I I can't say the same here. 32 00:01:45,630 --> 00:01:49,100 I I can't. Say this 1° but apart from. 33 00:01:49,110 --> 00:01:51,370 That it's right here. There's something nice about, 34 00:01:51,380 --> 00:01:53,850 like a nice, sunny, cold winter day. 35 00:01:53,860 --> 00:01:55,230 You know what I mean? Like. 36 00:01:55,270 --> 00:01:57,950 What's the what's the the football quote like? 37 00:01:58,020 --> 00:02:01,490 Have you played a rainy night? And ohh Tuesday night in Stoke. 38 00:02:01,540 --> 00:02:04,720 Ohh, Tuesday night in Stoke. Yeah that have you, but have 39 00:02:04,730 --> 00:02:06,210 you? But have you played a cold 40 00:02:06,220 --> 00:02:07,880 Tuesday night in Stoke? Because. 41 00:02:07,890 --> 00:02:11,860 You know what 11° here? The Oval, Lisbon. 42 00:02:13,030 --> 00:02:15,340 Yeah. That is outside here is -8 43 00:02:15,350 --> 00:02:19,090 Celsius right now. But that's that's like rookie 44 00:02:19,100 --> 00:02:22,150 numbers like honestly January 9th like and it's just it's 45 00:02:22,160 --> 00:02:25,080 barely even snowing and like barely even cold. 46 00:02:25,090 --> 00:02:28,060 This is like this is bullish. Like this is a this is a sign 47 00:02:28,070 --> 00:02:31,290 that the ETF's are around. Speaking of which, today on the 48 00:02:31,300 --> 00:02:37,160 show to day-to-day market updates, moves, yadda yadda 49 00:02:37,170 --> 00:02:38,620 yadda, you already know the drill. 50 00:02:38,630 --> 00:02:41,860 As usual, we're gonna talk about Jim Cramer's, you know, 51 00:02:41,870 --> 00:02:44,180 reversing the market. So we're we're, we're glad that 52 00:02:44,190 --> 00:02:48,540 Jim Cramer is now, you know, calling for top on Bitcoin, let 53 00:02:48,550 --> 00:02:52,040 you guys saw that, you know Mando, given that, you know, you 54 00:02:52,050 --> 00:02:54,880 know the minutes you write, the minutes you're, you know, big 55 00:02:54,890 --> 00:02:56,580 news guys. So you've probably seen it. 56 00:02:57,980 --> 00:02:59,600 These topics are done off my minutes. 57 00:02:59,610 --> 00:03:04,010 I'm pretty sure I saw it, yeah. I love that. 58 00:03:04,060 --> 00:03:08,770 Hey, hey, Mando GPT, find me the five biggest topics to talk 59 00:03:08,780 --> 00:03:10,810 about on the show today. No, I'm just kidding. 60 00:03:10,820 --> 00:03:13,390 I'm just listen, listen, listen. So that's what we're talking 61 00:03:13,400 --> 00:03:15,370 about. Of course, getting closer to the 62 00:03:15,380 --> 00:03:16,900 ETF. So sorry about that. 63 00:03:16,910 --> 00:03:19,270 I promise you at some point there's not gonna be any ETF 64 00:03:19,280 --> 00:03:21,070 conversation. But right now that is what's 65 00:03:21,080 --> 00:03:22,830 happening in this space. And we have talked about it. 66 00:03:23,220 --> 00:03:24,540 So. And we're we're going to be 67 00:03:24,550 --> 00:03:28,630 joined by Stacey Elliott of of the Crypt actually to to come 68 00:03:28,640 --> 00:03:31,180 and talk to us you know kind of like the latest SO tweet 69 00:03:31,190 --> 00:03:34,120 yesterday about like some potential play blah blah blah. 70 00:03:34,130 --> 00:03:37,180 Like you know all that good stuff I saw I saw you quote 71 00:03:37,190 --> 00:03:40,900 tweet that obvious well but so we'll get the actual you know 72 00:03:40,910 --> 00:03:43,140 news and see what's going on on that front. 73 00:03:43,270 --> 00:03:45,880 Then NFT update we promised it. We have to deliver it. 74 00:03:45,890 --> 00:03:49,520 We're going to go through Solana Bitcoin Ethan FTC, what's going 75 00:03:49,530 --> 00:03:53,660 around the the space and whatnot and see what the show brings us. 76 00:03:53,670 --> 00:03:55,640 Without further ado, why don't we get this? 77 00:03:55,750 --> 00:04:00,220 This part party started today. So sure, who should I go to 78 00:04:00,230 --> 00:04:01,000 first? You know who? 79 00:04:01,010 --> 00:04:03,580 Who's feeling more like upcoming Mandi Feel like yesterday you 80 00:04:03,590 --> 00:04:09,020 cooked this essential. Who is the man? 81 00:04:09,030 --> 00:04:14,980 Michael, Daddy of the land? Can you take it? 82 00:04:15,700 --> 00:04:17,870 Yes. So we we had a very, very strong 83 00:04:17,880 --> 00:04:23,170 day yesterday. Bitcoin hit 47 Ki think 47.2 at 84 00:04:23,180 --> 00:04:26,270 its high. You saw Earth go all the way up 85 00:04:26,280 --> 00:04:30,150 to 2350 area Solana. So I don't actually pick this 86 00:04:30,160 --> 00:04:32,890 morning went all the way up to one or two, but just a a very, 87 00:04:32,900 --> 00:04:35,930 very strong day of bounce back in a bunch of different alts as 88 00:04:35,940 --> 00:04:38,890 well. Bitcoin dominance did rise. 89 00:04:38,900 --> 00:04:42,570 We are heading towards 55% actually we're at 55% right now 90 00:04:42,580 --> 00:04:44,090 in Bitcoin. That's if you bring up the 91 00:04:44,100 --> 00:04:48,140 Bitcoin dominance chart, it's it's been a wild start to the 92 00:04:48,150 --> 00:04:51,880 year. We started the year at 51% 93 00:04:52,250 --> 00:04:55,800 roughly. Yeah, the lows were around 51% 94 00:04:55,870 --> 00:04:59,000 and we're up to 55%. So huge, huge move. 95 00:04:59,230 --> 00:05:03,320 I think E BTC is at its lowest rate in in multiple years at 96 00:05:03,330 --> 00:05:06,160 this stage. It broke through kind of a multi 97 00:05:06,170 --> 00:05:11,630 year resistance point and it definitely feels like Bitcoin is 98 00:05:12,450 --> 00:05:14,320 people looking trying to to get exposure to that. 99 00:05:14,330 --> 00:05:16,960 We said that yesterday. We said look we think Bitcoin 100 00:05:16,970 --> 00:05:22,220 dominance early in the week go up to you know 5557%. 101 00:05:22,450 --> 00:05:23,920 It could even go as high as sixty. 102 00:05:23,930 --> 00:05:28,360 I think in this world I'm not like we're about to see a bunch 103 00:05:28,370 --> 00:05:32,360 of different ETFs launch. There is not a lot of Bitcoin on 104 00:05:32,370 --> 00:05:34,350 exchanges. You could see something would 105 00:05:34,360 --> 00:05:39,080 happen but yeah that that is an uneven not unexpected move in 106 00:05:39,090 --> 00:05:40,960 Bitcoin dominance although up to 55%. 107 00:05:40,970 --> 00:05:44,380 But at least this was a rally which everyone participated in. 108 00:05:44,390 --> 00:05:46,740 I think what been happening before is Bitcoin had done 109 00:05:46,750 --> 00:05:51,150 nothing and all the alts have got lower this this was becoming 110 00:05:51,160 --> 00:05:53,890 going higher and everything kind of following but at least not 111 00:05:53,940 --> 00:05:55,970 following as strongly as Bitcoin was. 112 00:05:57,260 --> 00:06:02,050 In terms of the the stuff that really bounced Solana went above 113 00:06:02,060 --> 00:06:07,290 one or two, I mean that had 85 on on Sunday night that that was 114 00:06:07,300 --> 00:06:12,100 so that was a reversal of of about 20% there which is which 115 00:06:12,110 --> 00:06:15,080 is pretty wild in in just a couple of days. 116 00:06:15,090 --> 00:06:18,530 And then you saw all the sole memes also have a big move up. 117 00:06:18,540 --> 00:06:23,240 So Bonk with all of those so some DJ activity kind of came 118 00:06:23,250 --> 00:06:28,990 back and then you continue to see some of the more Bitcoin 119 00:06:29,000 --> 00:06:32,530 related things outperform I would say so some of the BRC 120 00:06:32,540 --> 00:06:38,740 20s, some of the some of the L2 stacks included some of the D5 121 00:06:38,750 --> 00:06:42,640 protocols like run kind of bounce back quite strongly And 122 00:06:42,650 --> 00:06:46,020 then it was it was it was actually some of the newer coins 123 00:06:46,030 --> 00:06:50,320 so like Tia had a big run backup you had Sui kind of bounced 124 00:06:50,330 --> 00:06:52,880 back. So it was it was kind of broad 125 00:06:52,890 --> 00:06:55,620 based, but the only thing that's really held this morning because 126 00:06:55,630 --> 00:07:00,680 Bitcoin did briefly drop again on some just wobbles around 127 00:07:00,750 --> 00:07:04,260 headlines around the. ETF like that just Bitcoin just 128 00:07:04,270 --> 00:07:06,590 wobbles around that's that's yeah. 129 00:07:07,180 --> 00:07:11,770 Yeah, and it stuck around. I think it down to like 46 K and 130 00:07:11,780 --> 00:07:14,070 everything puked and then bitcoins back up to to 40. 131 00:07:14,080 --> 00:07:17,170 75454. Wow. 132 00:07:17,180 --> 00:07:20,390 OK, maybe I missed that, but yeah, that was a pretty big 133 00:07:20,400 --> 00:07:21,590 deal. Nothing really. 134 00:07:21,600 --> 00:07:23,860 It was a news that really come out yesterday. 135 00:07:23,870 --> 00:07:26,570 The SEC was coming back with some additional comments. 136 00:07:26,620 --> 00:07:29,270 The the alpha on that is that there's not going to be delayed, 137 00:07:29,280 --> 00:07:31,250 It's going to continue seemingly. 138 00:07:31,260 --> 00:07:33,930 But people, you know, people got unsure. 139 00:07:34,180 --> 00:07:37,620 And again, you've just seen Bitcoin dominance grow and since 140 00:07:37,630 --> 00:07:40,150 that move so long has stayed above 100. 141 00:07:40,360 --> 00:07:44,210 But most other things are lower including E which is kind of 142 00:07:44,220 --> 00:07:48,640 continued to bleed back, bleed lower since since that initial 143 00:07:48,650 --> 00:07:53,540 move blower, yeah. So where we are in terms of of 144 00:07:53,760 --> 00:07:55,310 the ETFs? Actually. 145 00:07:55,670 --> 00:07:59,780 Hold on, I'm gonna bring Stacey up now then to chat about the 146 00:07:59,790 --> 00:08:00,560 ETS. So I'll go on. 147 00:08:00,570 --> 00:08:01,980 Go on mine though. Sure. 148 00:08:01,990 --> 00:08:06,090 I I don't really think there's that much new, but maybe Stacey, 149 00:08:06,590 --> 00:08:08,240 Stacey can bring it in. Like it feels as if we're still 150 00:08:08,250 --> 00:08:09,500 on track from where we were yesterday. 151 00:08:09,510 --> 00:08:12,200 But there's been, yeah, a couple of headlines around it. 152 00:08:12,490 --> 00:08:15,700 Yeah, So anyway, GM Morning, guys. 153 00:08:15,750 --> 00:08:19,980 How you doing? I'm in the middle of moving, so 154 00:08:19,990 --> 00:08:22,140 please excuse the very bland background. 155 00:08:22,250 --> 00:08:25,380 I love, I love that you have the same microphone as as all of us. 156 00:08:25,450 --> 00:08:27,810 Ohh yeah. I had to dig it out-of-the-box 157 00:08:27,820 --> 00:08:29,860 that it was packed in. But yeah, I'm here with my 158 00:08:29,870 --> 00:08:33,270 proper podcast microphone. Snazzy before you go off on the 159 00:08:33,280 --> 00:08:34,870 ETS because I know that's your stick. 160 00:08:34,880 --> 00:08:37,370 You know, why don't you give us a little introduction for the, 161 00:08:37,429 --> 00:08:41,100 for the, for the full hour listener of and and rug radio. 162 00:08:41,510 --> 00:08:45,820 Yeah, sure, I I'm a Jay School reporter. 163 00:08:45,830 --> 00:08:48,130 Like, I got started at a newspaper, back when newspapers 164 00:08:48,140 --> 00:08:52,170 were still a thing. I've been covering business and 165 00:08:52,180 --> 00:08:54,870 finance for a long time, like 10 plus years now. 166 00:08:54,880 --> 00:08:58,710 I was at Fortune for a bit. I was working over at the street 167 00:08:58,720 --> 00:09:01,510 for a little while, writing a newsletter about institutional 168 00:09:01,520 --> 00:09:05,210 investing in crypto, and then I got poached to come over to 169 00:09:05,220 --> 00:09:07,530 decrypt, which was lovely. It was a great day. 170 00:09:08,020 --> 00:09:10,220 Nice must be nice. Must be nice. 171 00:09:10,230 --> 00:09:11,250 Would be a lot of fun. So. 172 00:09:11,320 --> 00:09:13,210 So I'm told that you've got some. 173 00:09:13,220 --> 00:09:15,700 You know you're quite the alpha for ETF stuff and all this 174 00:09:15,710 --> 00:09:17,360 finance talk. So why don't you, why don't you 175 00:09:17,370 --> 00:09:19,840 give us the TLDR that Mando is going to get into it. 176 00:09:19,910 --> 00:09:22,230 But like what's going on. We saw a tweet yesterday. 177 00:09:22,300 --> 00:09:25,090 I know Ovie had some comments to make on on X I'll get to those 178 00:09:25,100 --> 00:09:27,870 after and like and and some people saying there was like 179 00:09:27,880 --> 00:09:30,830 some form and then someone wrote a tweet saying like ohh like it 180 00:09:30,840 --> 00:09:33,630 might get delayed. So I go went viral and things 181 00:09:33,640 --> 00:09:35,570 you know as usual like Mando said wobble around. 182 00:09:35,580 --> 00:09:37,590 So what's what's actually going on right now is the latest. 183 00:09:37,880 --> 00:09:40,740 So the latest latest is that there's been a whole new right. 184 00:09:40,750 --> 00:09:44,270 So we saw a bunch of new updated S1 registrations get filed 185 00:09:44,280 --> 00:09:48,030 yesterday and then this morning we saw a whole new round of them 186 00:09:48,040 --> 00:09:51,680 get filed this morning. So basically what's happening is 187 00:09:51,690 --> 00:09:53,800 that like you know, everything gets turned in, The SEC is 188 00:09:53,810 --> 00:09:56,330 looking over everyone's forms and saying, OK, hey, we need you 189 00:09:56,340 --> 00:09:58,140 to fix this before we can proceed. 190 00:09:58,370 --> 00:10:01,530 And whoever these poor people are at all these firms who are 191 00:10:01,540 --> 00:10:04,020 kind of filling out these forms are basically working overnight. 192 00:10:04,030 --> 00:10:06,000 Like at some point I want to talk to one of these people who 193 00:10:06,010 --> 00:10:09,100 had to work like 4 days straight on this kind of stuff. 194 00:10:10,440 --> 00:10:12,890 So yeah, I've seen some people saying that this might be like a 195 00:10:12,900 --> 00:10:16,500 delay tactic or something like that, but the deadline is the 196 00:10:16,510 --> 00:10:18,120 deadline. They've still gotta do something 197 00:10:18,130 --> 00:10:20,430 either to say they're gonna delay it or, you know, they're 198 00:10:20,440 --> 00:10:22,450 gonna approve or reject by tomorrow. 199 00:10:23,540 --> 00:10:24,790 I don't know. They're working so fast. 200 00:10:24,800 --> 00:10:26,390 I don't know that this is really a bad sign. 201 00:10:26,400 --> 00:10:28,450 That might be the dip that you were talking about earlier, 202 00:10:28,460 --> 00:10:31,010 Mando, that we saw in the Bitcoin price that everyone kind 203 00:10:31,020 --> 00:10:33,200 of panicked and thought, ohh, shit, everyone's filing some 204 00:10:33,210 --> 00:10:34,610 more stuff. Maybe this isn't going to 205 00:10:34,620 --> 00:10:38,170 happen, but yeah, I'm not. I'm not so bearish on it like 206 00:10:38,180 --> 00:10:39,690 that. Like, I still think we're on 207 00:10:39,700 --> 00:10:41,420 track. It just seems like everyone is 208 00:10:41,430 --> 00:10:43,520 working around the clock, like as soon as stuff is getting 209 00:10:43,530 --> 00:10:45,740 filed, it's getting reviewed, comments are going back and 210 00:10:45,750 --> 00:10:47,620 they're just trying to get everything in order. 211 00:10:47,710 --> 00:10:50,340 So yeah, it's just more filings. So far from what I've seen, I 212 00:10:50,350 --> 00:10:52,460 haven't read all of them just yet because they just got filed 213 00:10:52,470 --> 00:10:54,440 this morning. I think a lot of it just has to 214 00:10:54,450 --> 00:10:57,150 do with the fees and everything that everyone was talking about 215 00:10:57,160 --> 00:10:59,340 yesterday. I think all that got sent in 216 00:10:59,350 --> 00:11:02,340 first time yesterday. And so now the SEC has had a 217 00:11:02,350 --> 00:11:04,980 look at the way everyone plans to handle fees and has had some 218 00:11:04,990 --> 00:11:07,610 feedback. OK. 219 00:11:07,620 --> 00:11:11,270 I saw, I I just saw that going through James's ex while you 220 00:11:11,280 --> 00:11:13,470 were, you know, talking about this, that there's been also 221 00:11:13,480 --> 00:11:15,950 some fee cuts, right? So the feet like the the fee 222 00:11:15,960 --> 00:11:18,750 warp started before he even started, right? 223 00:11:19,000 --> 00:11:21,170 Yeah. I mean there's I think at least 224 00:11:21,180 --> 00:11:23,930 three or four of them that are going to like launch with like a 225 00:11:23,940 --> 00:11:28,300 0% fee basically until they get to like I think I saw for some 226 00:11:28,310 --> 00:11:31,140 of them until they get to like a billion dollars of assets under 227 00:11:31,150 --> 00:11:33,360 management. Others are gonna do like for a 228 00:11:33,370 --> 00:11:35,900 certain set amount of time whichever one they hit first. 229 00:11:36,890 --> 00:11:39,260 The thing basically is that Black Rock came out and said 230 00:11:39,270 --> 00:11:43,670 we're going to be at 0.3% fee, 0.2% introductory like until 231 00:11:43,680 --> 00:11:47,330 they get to 5 billion and that basically kind of just set the 232 00:11:47,340 --> 00:11:49,870 line for where everyone else needs to be under if they want 233 00:11:49,880 --> 00:11:51,560 to compete with Black Rock at all. 234 00:11:52,230 --> 00:11:54,800 So it's really competitive. It's the same thing you see, 235 00:11:54,810 --> 00:11:57,520 like with it's funny, like, I compared this kind of like to 236 00:11:57,530 --> 00:12:00,730 the Costco rotisserie chickens. Like the really cheap chickens 237 00:12:00,740 --> 00:12:03,530 you can go in and get, like, they wanna get you in the door, 238 00:12:03,540 --> 00:12:06,190 they wanna get you invested in the fund with these really low 239 00:12:06,200 --> 00:12:07,310 fees. But they're not gonna last 240 00:12:07,320 --> 00:12:09,270 forever. Yeah, so these aren't meant to 241 00:12:09,280 --> 00:12:11,750 be, like sustainably, like low fees. 242 00:12:11,760 --> 00:12:14,110 It's just please sign up with us first. 243 00:12:15,170 --> 00:12:18,780 Yeah it's a it's a it's quite interesting actually. 244 00:12:18,790 --> 00:12:22,260 So do you wanna like I guess since you're you're you're you 245 00:12:22,270 --> 00:12:26,060 already like on that do you want to like maybe break out down to 246 00:12:26,070 --> 00:12:28,750 people like what it actually means like to like the fact 247 00:12:28,760 --> 00:12:30,880 there's an TF for the people that are like outside of the 248 00:12:30,890 --> 00:12:32,580 space. Because like I feel like 249 00:12:32,630 --> 00:12:35,610 everyone talks about TF including us all the time on 250 00:12:35,620 --> 00:12:38,040 this show and you know started to our listeners if if you're 251 00:12:38,050 --> 00:12:39,720 not digging it. But it's important, right. 252 00:12:39,730 --> 00:12:43,680 It's happened at the moment but you know a lot of people also 253 00:12:43,690 --> 00:12:47,380 just like don't maybe don't understand and we all get caught 254 00:12:47,390 --> 00:12:51,360 up in like the hot the big talk and like the price action and 255 00:12:51,370 --> 00:12:53,440 like from your perspective like how would you explain that to 256 00:12:53,450 --> 00:12:56,060 someone, like the importance and like what it means for the. 257 00:12:56,070 --> 00:13:00,190 Average, I mean it means like like literally for me like you 258 00:13:00,200 --> 00:13:02,000 know, we have like retirement accounts. 259 00:13:02,010 --> 00:13:04,340 So like I can allocate some portion of that to like a 260 00:13:04,350 --> 00:13:07,200 Bitcoin ETF. And so now some portion of the 261 00:13:07,250 --> 00:13:11,460 money I'm saving for retirement will get exposure to and kind of 262 00:13:11,470 --> 00:13:14,440 go up and down relative to what the Bitcoin price is doing. 263 00:13:14,790 --> 00:13:18,020 It means that you'll have a way to invest in and get exposure to 264 00:13:18,030 --> 00:13:22,030 Bitcoin without having to buy a wallet and manage private fees. 265 00:13:22,560 --> 00:13:24,850 Worry about who's going to hold on to that Bitcoin. 266 00:13:24,860 --> 00:13:26,850 Like worry that you're going to end up like that one dude who 267 00:13:26,860 --> 00:13:29,190 like lost his private key and there's like tonnes and tonnes 268 00:13:29,200 --> 00:13:32,030 of Bitcoin somewhere. And like a huge like landfill. 269 00:13:32,400 --> 00:13:35,590 Like these firms that are applying to actually register 270 00:13:35,600 --> 00:13:38,470 and offer the ETF's are kind of saying OK, we'll manage all that 271 00:13:38,480 --> 00:13:40,610 stuff for you. Your shares will go up and down 272 00:13:40,620 --> 00:13:42,310 relative to the price of Bitcoin. 273 00:13:43,240 --> 00:13:45,700 If you want to sell, you are just going to get cash back. 274 00:13:45,710 --> 00:13:48,050 That was one of the big sticking points with the SEC. 275 00:13:48,360 --> 00:13:51,210 It's actually not so bad. We might see in kind settlement 276 00:13:51,220 --> 00:13:55,030 later, umm, but the whole thing with the fees and like it being 277 00:13:55,040 --> 00:13:57,310 an ETF means that because you don't have to manage any of that 278 00:13:57,320 --> 00:13:59,250 stuff because you're gonna have to worry about who's holding on 279 00:13:59,260 --> 00:14:00,820 to your Bitcoin. Like they're gonna worry about 280 00:14:00,830 --> 00:14:02,280 that. Like you do have to pay a fee. 281 00:14:02,290 --> 00:14:05,180 These people have to be paid for the fact that they're managing 282 00:14:05,190 --> 00:14:07,340 your Bitcoin investment on your behalf. 283 00:14:07,950 --> 00:14:10,200 So that's kind of the trade off. So like, either you're cool 284 00:14:10,210 --> 00:14:12,440 holding your own Bitcoin, you do that, and you don't have to pay 285 00:14:12,450 --> 00:14:15,120 anyone to manage it, or you're like, OK, I want to get in, but 286 00:14:15,130 --> 00:14:17,060 I don't want to have to have a hardware wallet. 287 00:14:17,070 --> 00:14:18,820 So then you pay someone else to do it for you. 288 00:14:20,150 --> 00:14:22,590 I, I, I, I love that. And then I guess I have like one 289 00:14:22,600 --> 00:14:24,410 more question on that just quickly you mentioned the in 290 00:14:24,420 --> 00:14:26,850 kind like settlement and stuff like what, what does that mean? 291 00:14:28,100 --> 00:14:32,600 So basically, people are going to give these firms, assuming 292 00:14:32,610 --> 00:14:35,930 this gets approved cash, they're gonna create a share, and then 293 00:14:35,940 --> 00:14:38,020 they're gonna use that cash that they've been given to go out and 294 00:14:38,030 --> 00:14:40,160 buy Bitcoin. But then when you want to redeem 295 00:14:40,170 --> 00:14:42,210 your shares, you can only redeem those for cash. 296 00:14:42,220 --> 00:14:45,010 You can't redeem it for Bitcoin. So you can't say, OK, here are 297 00:14:45,020 --> 00:14:47,280 all my shares, Give me the Bitcoin you bought with the cash 298 00:14:47,290 --> 00:14:51,860 I gave you in some other types of ETF's. 299 00:14:51,870 --> 00:14:55,740 Like you can go and say, OK, I'm redeeming my shares, either give 300 00:14:55,750 --> 00:14:58,430 me the cash or give me, you know, the basket of stocks that 301 00:14:58,440 --> 00:15:00,940 you bought with my cash. So like, that's common in every 302 00:15:00,950 --> 00:15:03,640 other type of ETF, like different asset classes out 303 00:15:03,650 --> 00:15:05,970 there. Because this is such a new asset 304 00:15:05,980 --> 00:15:07,520 class. What I've been hearing is 305 00:15:07,530 --> 00:15:10,530 basically that like they still think this is pretty risky and 306 00:15:10,540 --> 00:15:13,860 the SEC is kind of looking at it as a way to manage some of the 307 00:15:13,870 --> 00:15:16,880 risk that's going to kind of enter the financial markets to 308 00:15:16,890 --> 00:15:19,840 say, OK, we want to limit how many different people are going 309 00:15:19,850 --> 00:15:22,550 to have to handle actual Bitcoin throughout this whole process. 310 00:15:22,790 --> 00:15:26,800 So by doing settlement and kind, it means that like I think it's 311 00:15:26,810 --> 00:15:29,320 really only the issuer and the custodian who are ever going to 312 00:15:29,330 --> 00:15:32,760 have to touch the Bitcoin, but it's limiting the number of 313 00:15:32,770 --> 00:15:35,210 firms that are going to have to worry about managing Bitcoin. 314 00:15:36,190 --> 00:15:38,440 I know I've seen the Bloomberg guys say basically that they 315 00:15:38,450 --> 00:15:41,020 think later this year we might see in kind settlement so that 316 00:15:41,030 --> 00:15:43,880 you could buy these shares, redeem them and then you get the 317 00:15:43,890 --> 00:15:45,920 Bitcoin. But we're not going to see that 318 00:15:45,930 --> 00:15:47,570 at the jump. I don't think that's that's 319 00:15:47,580 --> 00:15:51,280 definitely not happening yet. OK, well, Stacey, that's a great 320 00:15:51,290 --> 00:15:53,200 breakdown. How do you how you feeling about 321 00:15:53,210 --> 00:15:54,360 this? You have to what? 322 00:15:54,370 --> 00:15:57,360 Like, is this, You know, You say you've been doing this for 10 323 00:15:57,370 --> 00:16:00,610 years now, like this Must be this must be a cool moment, huh? 324 00:16:00,810 --> 00:16:03,760 I mean, like we've been waiting for one of these for 10 years. 325 00:16:03,770 --> 00:16:06,300 It seemed like it wasn't going to happen for a long time. 326 00:16:06,430 --> 00:16:08,540 Like, I I'm not gonna say anything you guys haven't heard 327 00:16:08,550 --> 00:16:10,190 before. Like, once BlackRock kind of got 328 00:16:10,200 --> 00:16:12,220 in the game, it seemed like, OK, we're gonna have to take this 329 00:16:12,230 --> 00:16:13,750 seriously now. Yeah. 330 00:16:13,890 --> 00:16:16,190 Exactly but. Just on wood, please. 331 00:16:16,200 --> 00:16:17,930 For me, just for my own. Superstition. 332 00:16:18,180 --> 00:16:21,990 And that's how. I mean, if you want, there's too 333 00:16:22,000 --> 00:16:22,710 much like you. Know. 334 00:16:22,720 --> 00:16:24,460 Yeah. I mean, the crazy thing for me 335 00:16:24,470 --> 00:16:27,250 is like, come on, can we please disapprove this already so we 336 00:16:27,260 --> 00:16:29,600 can, like, cover other stuff? Because I feel the way you guys 337 00:16:29,610 --> 00:16:31,430 kind of feel, which is that, like, all right, this is 338 00:16:31,440 --> 00:16:35,270 exciting, but just do it already so we can cover other stuff and 339 00:16:35,280 --> 00:16:37,900 like, the news cycle. Because otherwise, like, every 340 00:16:37,910 --> 00:16:40,330 day that this gets dragged on, like, it's the same round of 341 00:16:40,340 --> 00:16:43,310 like, OK, what teeny tiny thing has changed since yesterday? 342 00:16:43,320 --> 00:16:45,870 And how are we gonna, like, make that sound new and interesting? 343 00:16:46,060 --> 00:16:48,830 Yeah. Ohh, Now Gensler's posting, like 344 00:16:48,840 --> 00:16:51,050 he just tweeted again at the same time as yesterday, is 345 00:16:51,060 --> 00:16:56,480 actually a guide to like a safely invest in cryptocurrency. 346 00:16:56,530 --> 00:16:59,140 Uh, which is by the way, like Ovie was mentioned, that was 347 00:16:59,150 --> 00:17:00,280 good. It's actually good. 348 00:17:00,370 --> 00:17:02,960 Good guy, but. Has he rugged soul yet or? 349 00:17:04,050 --> 00:17:07,690 Yeah, you know what's funny? Bakunas talking about Gensler 350 00:17:07,700 --> 00:17:09,060 Ish. And I know if you saw my attack 351 00:17:09,069 --> 00:17:11,710 both of you on this morning or did you see that by attack 352 00:17:11,720 --> 00:17:15,859 Densify, he was saying Eric Bakunas was DTF analyst that we 353 00:17:15,869 --> 00:17:19,150 had on show last Friday, was rocking, writing that. 354 00:17:19,160 --> 00:17:21,780 He doesn't think that he's going to get densified like he was 355 00:17:21,790 --> 00:17:23,930 just playing. She was mentioning that. 356 00:17:23,940 --> 00:17:26,190 What do you think? Say sorry, we're getting we're 357 00:17:26,200 --> 00:17:28,569 getting identified or not before tomorrow. 358 00:17:29,000 --> 00:17:31,330 I don't think so. I really don't think so. 359 00:17:31,340 --> 00:17:33,850 It'd be wild for them to have, like, offered all these 360 00:17:33,860 --> 00:17:37,430 different comments and things only to turn around and say OK, 361 00:17:37,440 --> 00:17:43,340 never mind, no, I would be shocked if that happens, But I 362 00:17:43,350 --> 00:17:44,800 mean, crazier things have happened. 363 00:17:45,870 --> 00:17:48,440 Yes, indeed. Some crazy things have happened. 364 00:17:48,450 --> 00:17:50,480 So, Stacey, thank you so much for coming on this morning. 365 00:17:50,490 --> 00:17:52,190 Honestly, that was fun. Hopefully when we have more 366 00:17:52,200 --> 00:17:55,100 market stuff and not just ETF, you can join us for a little 367 00:17:55,110 --> 00:17:57,000 seconds like that. And I would love to. 368 00:17:57,470 --> 00:17:59,430 Appreciate you, Stacey. Luck with the move. 369 00:17:59,530 --> 00:18:00,560 Yeah. Thank you. 370 00:18:00,610 --> 00:18:05,170 Move. Yeah, well, there you go. 371 00:18:05,240 --> 00:18:10,050 There you have it. Your ETF, your ETF updates. 372 00:18:10,060 --> 00:18:13,320 Besides that, I mean, look, I want to talk about today. 373 00:18:13,330 --> 00:18:14,710 I actually want to talk about some stuff. 374 00:18:14,720 --> 00:18:17,510 We're gonna talk NFT and stuff. But I wanna talk about a tweet 375 00:18:18,200 --> 00:18:23,550 that OSF sent out and that had the had the studio a little hit 376 00:18:23,560 --> 00:18:26,430 before the show, like before we hit live. 377 00:18:26,440 --> 00:18:28,710 Like This is why we were a little couple minutes late. 378 00:18:28,780 --> 00:18:32,900 You know, conversation went there actually. 379 00:18:33,190 --> 00:18:37,240 But but Ovi, so I'm gonna go to you here and if you want of 380 00:18:37,250 --> 00:18:40,280 course several of the market stuff but you you tweeted 381 00:18:40,290 --> 00:18:44,100 something out saying what is the best Bitcoin beta trade and of 382 00:18:44,110 --> 00:18:47,050 course you know as as bitcoins you know the main centre of 383 00:18:47,060 --> 00:18:48,780 attention at the moment. We just spent, you know, a bunch 384 00:18:48,790 --> 00:18:51,430 of time again talking about Bitcoin TF and that's been 385 00:18:51,440 --> 00:18:53,350 gaining all the attention in the space right now. 386 00:18:53,360 --> 00:18:55,360 We talk ordinals like BRC mean OVI. 387 00:18:55,370 --> 00:18:57,390 What do you think the best Bitcoin better trade is right 388 00:18:57,400 --> 00:18:59,280 now? I don't, I don't know. 389 00:18:59,290 --> 00:19:02,210 But I was, it's an interesting question to ask because, you 390 00:19:02,220 --> 00:19:05,610 know, if you ask this question two years ago, people would say 391 00:19:05,620 --> 00:19:08,570 E people say other alts there because there wasn't anything on 392 00:19:08,580 --> 00:19:10,810 Bitcoin, right? It was Bitcoin was just Bitcoin 393 00:19:11,080 --> 00:19:14,760 and that's what it was used for. And if you look at it now, we 394 00:19:14,770 --> 00:19:19,210 have BRC 20s, you have ordinals, you have other like Bitcoin 395 00:19:19,220 --> 00:19:23,330 related tokens out there. So now it's like we're in this, 396 00:19:23,400 --> 00:19:25,790 you know, you haven't, you've never really had this in crypto 397 00:19:25,800 --> 00:19:30,130 before where there's actually higher beta tokens out there 398 00:19:30,200 --> 00:19:31,790 that are kind of related to Bitcoin. 399 00:19:32,220 --> 00:19:35,310 Um, so just to be honest with you, it was like, it wasn't 400 00:19:35,320 --> 00:19:37,320 really like a hey, tell me what to go by. 401 00:19:37,330 --> 00:19:39,470 I'm gonna go buy it now. It's more like I was curious to 402 00:19:39,480 --> 00:19:42,170 see how people would respond to it. 403 00:19:42,230 --> 00:19:45,040 And because it was a very, like, I just got like tonnes of things 404 00:19:45,050 --> 00:19:48,630 on ordinals, yeah, some some BRC 20 shitcoins and whatnot. 405 00:19:49,860 --> 00:19:53,990 And it's just very different to what people have said not even 406 00:19:54,360 --> 00:19:55,850 two years ago, probably from one year ago. 407 00:19:55,860 --> 00:19:57,010 It's just very, it's very different. 408 00:19:57,020 --> 00:20:00,140 So, um, that's what I was asking and it's. 409 00:20:01,100 --> 00:20:05,690 A good question, but yeah, it's like, what can we buy right now? 410 00:20:05,750 --> 00:20:07,810 I think, I think if I'm honest, if you just want to take more 411 00:20:07,820 --> 00:20:10,650 risk on Bitcoin, you would just take a levered Bitcoin trade 412 00:20:10,700 --> 00:20:12,090 because things. Haven't really. 413 00:20:12,100 --> 00:20:15,150 So excluding, excluding leverage, yeah. 414 00:20:16,720 --> 00:20:18,650 As that just for the people listening, you're probably 415 00:20:18,660 --> 00:20:19,990 talking about something like a 2X. 416 00:20:20,000 --> 00:20:21,250 Like we're not. Like we're not. 417 00:20:21,260 --> 00:20:23,670 He's not talking like keyboard. Monkey hundred hundred. 418 00:20:23,680 --> 00:20:25,850 Times. I'm using 2X yeah anyway. 419 00:20:25,900 --> 00:20:29,070 Yeah, I mean for the people like, don't you be telling 420 00:20:29,080 --> 00:20:30,570 people like. The thing is. 421 00:20:32,100 --> 00:20:33,720 Trade. Yeah, like you and you want to 422 00:20:33,730 --> 00:20:35,670 be safe, You wanna have very low leverage. 423 00:20:35,680 --> 00:20:39,280 Obviously Bitcoin moved down what 70% still from from the 424 00:20:39,290 --> 00:20:44,860 high up until the start of this year that was Solana because it 425 00:20:44,870 --> 00:20:47,300 felt like it was that and Bitcoin used to run at the same 426 00:20:47,310 --> 00:20:51,510 time the most and and then that kind of broke down at this 427 00:20:51,520 --> 00:20:54,440 obviously because Solana obviously just went to parabolic 428 00:20:54,530 --> 00:20:57,590 and then has had to consolidate and went all the way down to 429 00:20:57,600 --> 00:21:00,880 like 85 and and kind of lost its direct correlation even as 430 00:21:00,890 --> 00:21:03,440 Bitcoin went higher the the most. 431 00:21:03,530 --> 00:21:06,360 The most obvious correlation I feel like right now is probably 432 00:21:06,370 --> 00:21:10,840 stacks, which is like one of the best known L twos right now on 433 00:21:11,410 --> 00:21:15,670 on Bitcoin of recently that has been running generally when 434 00:21:15,960 --> 00:21:18,710 Bitcoin has run. But for example today stacks is 435 00:21:18,720 --> 00:21:23,450 down 5% and Bitcoin is up and there's still this idea that 436 00:21:23,460 --> 00:21:27,370 Bitcoin dominance going up hurts most alts, I would say in terms 437 00:21:27,380 --> 00:21:29,610 of the buckets of stuff that you could look at. 438 00:21:29,960 --> 00:21:33,010 I think yeah, ordinals feels like the hot thing. 439 00:21:33,020 --> 00:21:36,500 And there are, there are both entities and you're seeing some 440 00:21:36,510 --> 00:21:39,330 of those get sweeped of this, or ordinal punks get sweeped. 441 00:21:39,490 --> 00:21:43,520 And then there's the BBC 20s, of which there's like 3 different 442 00:21:43,530 --> 00:21:46,350 forms of BBC 20s. I would say right now there's 443 00:21:46,360 --> 00:21:50,560 like memes or like I would say OG coins. 444 00:21:50,570 --> 00:21:53,890 Let's put it that way. Um, of which there are a few I 445 00:21:53,900 --> 00:21:57,580 think already is probably the best known, but there's Sats as 446 00:21:57,590 --> 00:22:01,140 well as like a few others. There's bridges, which are like 447 00:22:01,150 --> 00:22:07,060 very popular bridges from Earth, or even other chains onto 448 00:22:07,570 --> 00:22:13,140 Bitcoin, which is, which is stuff like movie MUBI is 449 00:22:13,150 --> 00:22:17,420 probably the best known. And then you have kind of a just 450 00:22:17,430 --> 00:22:22,180 like a, I would say a smorgasbord poo poo platter of 451 00:22:22,240 --> 00:22:25,490 utility based BRC 20s trying to bring. 452 00:22:27,690 --> 00:22:31,680 Kind of flatter of Bitcoin ecosystem coins. 453 00:22:32,210 --> 00:22:35,500 Of which the utility is is still. 454 00:22:35,690 --> 00:22:38,120 I mean. I would say to be proven and 455 00:22:38,170 --> 00:22:40,820 should be questioned and that that stuff can move around a lot 456 00:22:40,830 --> 00:22:44,440 and that stuff like tracks or track. 457 00:22:45,450 --> 00:22:47,600 What about rats? Any any of you on rats? 458 00:22:47,920 --> 00:22:50,820 Rats is that first bucket. It's it's just a it's just a 459 00:22:50,830 --> 00:22:54,150 shake coin. It was after Sats was made. 460 00:22:54,160 --> 00:22:55,680 They made rats, although it's quite. 461 00:22:58,000 --> 00:23:01,790 If you can, I like rats. If you go into Unistats right 462 00:23:01,800 --> 00:23:05,020 now, the units, what's you go into there? 463 00:23:07,130 --> 00:23:10,880 There. Yeah, hold on. 464 00:23:11,770 --> 00:23:18,670 And you just click BRC 20 you there, you there. 465 00:23:18,920 --> 00:23:20,810 I'm here. I'm here. 466 00:23:20,820 --> 00:23:22,310 Hold on, hold on. You. 467 00:23:22,320 --> 00:23:24,470 I, I it's I changed. Computers don't have any of my 468 00:23:24,480 --> 00:23:26,730 history like saved. Just hit that. 469 00:23:28,270 --> 00:23:29,730 Yeah, there you go. Yeah. 470 00:23:29,780 --> 00:23:31,830 Yeah. That's. 471 00:23:32,400 --> 00:23:38,910 The OG ones, SATS was very early, so that and that had 472 00:23:38,920 --> 00:23:40,530 probably the biggest community behind it. 473 00:23:40,540 --> 00:23:43,270 There's been, there's been other ones like there's XBT, there's. 474 00:23:43,360 --> 00:23:46,990 That's here. And then I think Rats, Yeah, I 475 00:23:47,000 --> 00:23:49,140 don't know when Rats was made, but it was definitely early. 476 00:23:50,310 --> 00:23:53,860 I don't think Rats on Binance yet, but Sats definitely is. 477 00:23:53,950 --> 00:23:55,380 But like a lot of these will move on to. 478 00:23:55,390 --> 00:23:58,750 Yeah, yeah. So actually that was quite late 479 00:23:58,760 --> 00:24:01,180 then. Yeah, it wasn't earlier compared 480 00:24:01,190 --> 00:24:02,530 to the rest like. When you look at it. 481 00:24:03,080 --> 00:24:06,740 Two days afterwards, it looks like whereas ALDI was. 482 00:24:06,750 --> 00:24:08,690 Yeah. Was was that first, was that 483 00:24:08,700 --> 00:24:12,770 first morning? So you get, yeah, you get like a 484 00:24:12,780 --> 00:24:15,550 mix of different things. But then there's other stuff 485 00:24:15,600 --> 00:24:21,090 like, for example, a lot of the OG bitcoiners are into Ruin, 486 00:24:21,240 --> 00:24:26,150 which is Thor Chain, which is like a native way to swap 487 00:24:26,160 --> 00:24:27,950 Bitcoin assets. It doesn't involve wrapping 488 00:24:27,960 --> 00:24:30,930 Bitcoin. And there's another protocol 489 00:24:30,940 --> 00:24:33,190 called Flip, which is, which is similar that's come out 490 00:24:33,200 --> 00:24:36,230 recently. So a lot of like Eric Voorhees 491 00:24:36,760 --> 00:24:38,410 and a lot of the OG. Bitcoins. 492 00:24:38,720 --> 00:24:42,650 Are into into run they have. They introduced a burning 493 00:24:43,480 --> 00:24:47,750 mechanism recently which is linked to their lending 494 00:24:47,760 --> 00:24:51,560 protocol. And so if you speak to Bitcoin 495 00:24:51,570 --> 00:24:54,420 is what they own. Like this is like a very, yeah, 496 00:24:54,430 --> 00:24:58,230 see, they've got like taproot. This is a very Bitcoin lead defy 497 00:24:59,270 --> 00:25:01,980 thesis and it sees huge volumes. Absolutely. 498 00:25:01,990 --> 00:25:04,540 Huge is one of the biggest. Yeah, Run, I mean that 499 00:25:04,590 --> 00:25:07,000 definitely, like, I think a lot of people have heard of Run, 500 00:25:07,010 --> 00:25:08,290 right. If you've been in space like, 501 00:25:08,300 --> 00:25:11,180 even for a little bit, it's one of the tokens you tend to hear 502 00:25:11,190 --> 00:25:15,100 about quite early. So like, people could argue that 503 00:25:15,110 --> 00:25:19,010 if Bitcoin has this renaissance of utility, then like Run could 504 00:25:19,020 --> 00:25:21,560 be very, very big. And like the big thing for Run I 505 00:25:21,570 --> 00:25:24,100 think this year is is to onboard different chains. 506 00:25:24,110 --> 00:25:27,980 So really it's it's a, it's a, it's a basically a bridge lash 507 00:25:27,990 --> 00:25:30,480 swapping mechanism between Ethereum and Bitcoin. 508 00:25:30,790 --> 00:25:33,480 Because that ecosystem. They're gonna try and bring in. 509 00:25:33,570 --> 00:25:36,240 Solano is going to be the big one this year. 510 00:25:36,250 --> 00:25:39,860 So the whole The Room community wants Solana basically to be 511 00:25:39,870 --> 00:25:42,200 added and that's what they're going to try and do. 512 00:25:42,210 --> 00:25:46,580 So I think that that's but but yeah, like that's another way 513 00:25:46,590 --> 00:25:48,120 you could play it. There are a couple of players 514 00:25:48,130 --> 00:25:50,230 like that, but there's nothing perfect. 515 00:25:50,240 --> 00:25:53,200 Like if you just want to isolate Bitcoin going up, you kind of 516 00:25:53,210 --> 00:25:55,640 just want to have level Bitcoin. But like if you want to play 517 00:25:55,650 --> 00:26:01,860 Piston then BRC 20s things like Ruin um and then I guess things 518 00:26:01,870 --> 00:26:06,390 like Solana, Ether were gonna be the like the the next bests in 519 00:26:06,400 --> 00:26:10,630 terms of in terms of like beta. Yeah, that's true. 520 00:26:10,640 --> 00:26:12,920 I mean what do you, what do you, what makes you, what makes you 521 00:26:12,930 --> 00:26:15,200 want to look into that right. Like when you think about like 522 00:26:15,270 --> 00:26:18,570 just going back to OV, like when when you when you look into like 523 00:26:18,580 --> 00:26:20,290 the Bitcoin equal. For me that would make me want 524 00:26:20,300 --> 00:26:22,550 to look into. It's like I realise and I think 525 00:26:22,610 --> 00:26:26,160 Moon actually had a really good tweet about that yesterday. 526 00:26:26,730 --> 00:26:30,990 It was something around the fact of I fuck, I gotta find it 527 00:26:31,000 --> 00:26:33,530 again. But he was saying that people 528 00:26:33,540 --> 00:26:35,590 are about to realise that they're underexposed to like 529 00:26:35,600 --> 00:26:38,670 Bitcoin and they're going to come and try and make Bitcoin 530 00:26:38,720 --> 00:26:43,570 out of like NFT slash the originals and same, you know 531 00:26:43,580 --> 00:26:47,090 with like the BRC 20 ecosystem and like the the the coins that 532 00:26:47,100 --> 00:26:49,190 you know aren't that eco, you know to stack more. 533 00:26:49,200 --> 00:26:52,390 And I think that it's very similar to what happened in 21. 534 00:26:52,580 --> 00:26:56,070 I mean I'll speak for myself. It's what got me really into it 535 00:26:56,080 --> 00:26:59,550 is like through NFT's to be able to to get, you know accumulate 536 00:26:59,560 --> 00:27:04,420 more coins like serum at 1st and yadda yadda yadda Solana, better 537 00:27:04,430 --> 00:27:06,910 trades to stack soul. At the end of the day, that's 538 00:27:06,920 --> 00:27:09,840 the only goal you know Bitcoin, you know only at the end of the 539 00:27:09,850 --> 00:27:12,260 day is to try and stack as much Bitcoin as possible. 540 00:27:12,330 --> 00:27:14,480 Going to the bull market, realise that I'm not 541 00:27:14,490 --> 00:27:16,800 underexposed to Bitcoin book. What do I see ordinals. 542 00:27:16,810 --> 00:27:19,020 And like something that started to pop off the same way it's 543 00:27:19,030 --> 00:27:23,580 popped off on ETH same exact like umm, comments made about 544 00:27:23,590 --> 00:27:24,560 it. It's too clunky. 545 00:27:24,570 --> 00:27:26,900 It's too slow. It's too expensive to use the 546 00:27:26,910 --> 00:27:28,810 same stuff. But at the end of the day, like, 547 00:27:28,870 --> 00:27:33,720 you know, it's a, it's a it's it's just a cost of being early, 548 00:27:33,730 --> 00:27:35,630 right. And so I just feel that way 549 00:27:35,640 --> 00:27:36,760 again. Like, I'm not gonna lie. 550 00:27:36,770 --> 00:27:39,590 When I bought my first order though, and the thing went 551 00:27:39,600 --> 00:27:42,590 through and then I waited and then I got it, it was a whole 10 552 00:27:42,600 --> 00:27:44,940 minute, like experience. Like I was like let's go. 553 00:27:44,950 --> 00:27:47,680 Like I loved it, you know, I love, you know, like you're 554 00:27:47,750 --> 00:27:50,660 you're shopping in the, you're shopping on the luxury chain, 555 00:27:50,710 --> 00:27:53,460 you know, what do you expect? You know, when you go buy a 556 00:27:53,470 --> 00:27:57,630 fucking saw, you know, a bag, a luxury store, you know, take 557 00:27:57,640 --> 00:27:59,280 care. They take their damn merry 558 00:27:59,290 --> 00:28:00,880 little time to go pack it up for you. 559 00:28:00,970 --> 00:28:02,940 And then you receive it and you're so happy and you walk out 560 00:28:02,950 --> 00:28:05,410 the store like hell yeah, I got something nice, you know? 561 00:28:08,430 --> 00:28:10,880 I don't think I've ever bought a luxury bag for myself. 562 00:28:10,890 --> 00:28:12,860 You ever bought a luxury bag for yourself also? 563 00:28:13,050 --> 00:28:14,960 Luxury bag and no. No. 564 00:28:15,130 --> 00:28:16,810 For your for your for your loved one. 565 00:28:16,820 --> 00:28:18,220 You for sure. I mean, that was with Ovie when 566 00:28:18,230 --> 00:28:20,480 he was shopping. For, for his wife, for, for, for 567 00:28:20,490 --> 00:28:22,530 nice purse. You know, like you bought one 568 00:28:22,540 --> 00:28:24,560 for your your wife One, Right, Mendel? 569 00:28:24,750 --> 00:28:27,180 I think so, yeah. Right, right. 570 00:28:27,510 --> 00:28:30,420 I think so, yeah, I think. I can't remember now, but yeah. 571 00:28:30,890 --> 00:28:36,140 You know, no, listen, no. But that's that's that's 572 00:28:36,150 --> 00:28:37,630 something I'm noticing. I know what do you what do you 573 00:28:37,640 --> 00:28:39,820 think about that right. Because like you're in pretty 574 00:28:39,830 --> 00:28:42,510 heavy East and like you know you've been you've been talking 575 00:28:42,520 --> 00:28:44,150 with a lot. But I wanna make sure that you 576 00:28:44,160 --> 00:28:46,760 know, you think about Bitcoin, Zika. 577 00:28:46,770 --> 00:28:47,790 What makes you want to look into it? 578 00:28:49,220 --> 00:28:51,700 Yeah. I mean I'm not just an Earth 579 00:28:51,710 --> 00:28:53,330 like I'm in in a few different things. 580 00:28:55,800 --> 00:28:58,840 Yeah. Which I I think I think it's one 581 00:28:58,850 --> 00:29:02,170 I have more comfort having more size on given the activity on it 582 00:29:02,180 --> 00:29:04,990 versus the other chains. Like I have stuff other chains 583 00:29:05,000 --> 00:29:07,050 as well, but it's like it's not really big size. 584 00:29:08,360 --> 00:29:12,290 But I think it's just one of those things were like look this 585 00:29:12,300 --> 00:29:15,250 Bitcoin ETF is going to get approved and stuff is gonna 586 00:29:15,260 --> 00:29:18,380 rally has a good chance of stuff rallying on if they if they do 587 00:29:18,390 --> 00:29:20,780 big volumes. So you want to get more juice 588 00:29:20,790 --> 00:29:24,570 and BTC because like yeah, if Bitcoin goes to 100K that's a 589 00:29:24,580 --> 00:29:27,190 big move that's like that's like a 40% move, right. 590 00:29:27,380 --> 00:29:31,490 Whereas you know if you're a true crypto DJ, you're not 591 00:29:31,500 --> 00:29:36,560 trying to make 40% your trial. Like if I can do 3X5X10X more 592 00:29:36,570 --> 00:29:38,080 than that. So is that going to kill? 593 00:29:38,090 --> 00:29:40,480 What's the Bitcoin speech training In the past that has 594 00:29:40,490 --> 00:29:42,960 just been like alt coins. It's been buying different 595 00:29:42,970 --> 00:29:47,330 altcoins and to an extent it still is like I I think all the 596 00:29:47,400 --> 00:29:48,830 all ones will go up with Bitcoin. 597 00:29:48,840 --> 00:29:51,560 I think Solana will go out of think say we'll go up and check. 598 00:29:51,570 --> 00:29:54,310 It will go up, AVAX will go up. All that stuff will go up by 599 00:29:54,320 --> 00:29:56,980 more than Bitcoin will. If we get this thing through, I 600 00:29:56,990 --> 00:29:59,230 think, I think that's definitely gonna happen. 601 00:29:59,360 --> 00:30:02,250 Earth seems to be trading technically very poor right now. 602 00:30:02,260 --> 00:30:08,510 But I do think that will reverse and I think this is the the the 603 00:30:08,520 --> 00:30:11,670 long consensus. Well the long view has been the 604 00:30:11,680 --> 00:30:13,670 view for a while has been that the day of approval will be the 605 00:30:13,730 --> 00:30:16,880 will mark the lowest for ETH Bitcoin and that seems to be 606 00:30:16,890 --> 00:30:19,630 happening right now. Like Bitcoin is now down to 0.48 607 00:30:19,780 --> 00:30:25,130 which is the lowest we've seen for since like mid 2021. 608 00:30:25,300 --> 00:30:28,120 Um so that does seem to be happening. 609 00:30:28,130 --> 00:30:29,790 I think that I think that will reverse from the narrative 610 00:30:29,800 --> 00:30:33,600 shifts but it's just like so that's I think that's like one 611 00:30:33,610 --> 00:30:34,850 way to play. I think I, you know just buy 612 00:30:34,860 --> 00:30:37,180 Solana, like buy even just fucking buy Avax. 613 00:30:37,190 --> 00:30:39,770 What you're doing it for trade. And then the question is, well 614 00:30:39,780 --> 00:30:43,030 is it does it make more sense to buy like one of these, you know 615 00:30:43,040 --> 00:30:47,370 like a BRC 20 or ordinal and that kind of stuff And that's 616 00:30:47,380 --> 00:30:51,320 like the newer like the new school method of doing it And I 617 00:30:51,330 --> 00:30:53,950 don't know like I'm not I'm not sure how I think they'll all go 618 00:30:53,960 --> 00:30:58,450 up but I'm not sure if they'll act at like how differently or 619 00:30:58,460 --> 00:31:02,050 how better they'll act as as Bitcoin voted to some of the 620 00:31:02,060 --> 00:31:03,370 other ones. That's the big question. 621 00:31:04,800 --> 00:31:06,500 Right, I think. That really right? 622 00:31:06,510 --> 00:31:08,580 Thinking like that. Like if you think for example 623 00:31:08,590 --> 00:31:11,250 like Island Run. I've earned room for a while, 624 00:31:11,870 --> 00:31:15,230 but it hasn't gone up this year. It hasn't gone up at all, but it 625 00:31:15,240 --> 00:31:18,670 went up 5X in the second-half of last year like they are. 626 00:31:18,740 --> 00:31:21,350 They are beta trades, but they don't happen at the same time. 627 00:31:21,360 --> 00:31:22,470 So like. If you think. 628 00:31:22,540 --> 00:31:25,750 If you think it's suddenly going to be like, Oh yeah, my, my alt 629 00:31:25,760 --> 00:31:28,550 coin, which is somehow related to Bitcoin, is going to do well. 630 00:31:29,140 --> 00:31:31,870 Yeah, exactly. Very, very different timing. 631 00:31:31,880 --> 00:31:36,210 So like jumping ship to get a bit more risk in a Bitcoin 632 00:31:36,220 --> 00:31:40,150 related thing I think you have to have medium term time 633 00:31:40,160 --> 00:31:42,240 horizons rather than just like this is going to perform. 634 00:31:43,310 --> 00:31:48,620 Like ruining the start of December was at 7.5 basically 635 00:31:48,630 --> 00:31:54,900 and now it's at 5 or 4.8 and bitcoins only done another 1020% 636 00:31:54,910 --> 00:31:59,180 higher since then. So I it's it's there, they are 637 00:31:59,190 --> 00:32:01,680 very different trade. You have to want to be in them 638 00:32:01,690 --> 00:32:04,820 for themselves. Just owning some random BRC 20 639 00:32:04,890 --> 00:32:07,560 and hoping that Bitcoin is going to bail you out or it's going to 640 00:32:07,570 --> 00:32:09,630 go up higher, I think you can get really destroyed. 641 00:32:09,670 --> 00:32:13,280 Do you guys think I have a question for you too because I 642 00:32:13,290 --> 00:32:15,860 think it's a good it's probably the question of the moment and 643 00:32:15,930 --> 00:32:18,290 of course nobody knows anything. And I think you're really right 644 00:32:18,300 --> 00:32:20,980 when you say that Ovie like like nobody knows what's gonna 645 00:32:20,990 --> 00:32:23,260 actually happen. But like I think it's worth just 646 00:32:23,350 --> 00:32:25,610 like what? Like I, you know they're saying 647 00:32:25,620 --> 00:32:28,250 like you know when they're they're saying that ETF's are 648 00:32:28,260 --> 00:32:31,640 going to trade like the next day of the approval potentially of 649 00:32:31,650 --> 00:32:33,820 course, right. Supposedly, right. 650 00:32:34,530 --> 00:32:38,400 So when's the approval Thursday Potential trading? 651 00:32:38,410 --> 00:32:43,520 Like why would anyone think that any of this would see somewhat 652 00:32:43,530 --> 00:32:47,730 of a huge sell news event when it's gonna be trading the day 653 00:32:47,740 --> 00:32:49,720 after it's actually the news is out? 654 00:32:50,450 --> 00:32:50,980 What? What? 655 00:32:50,990 --> 00:32:53,050 The question is why do people think it's gonna be solved that? 656 00:32:53,060 --> 00:32:56,600 Yeah, I just think people people are people are so uninformed. 657 00:32:56,610 --> 00:32:59,470 Like, you know, it's only now that you know, these Bloomberg 658 00:32:59,480 --> 00:33:02,420 lads have made such a big mark on our space that people. 659 00:33:02,430 --> 00:33:04,850 Are celebrities now, bro? Yeah, people are starting. 660 00:33:04,860 --> 00:33:06,690 To follow them there. They love it. 661 00:33:07,020 --> 00:33:10,880 They love it. So you know, people are starting 662 00:33:10,890 --> 00:33:12,470 to listen to them and follow what they're saying. 663 00:33:12,480 --> 00:33:15,950 But like these, these boys have been calling it for six months. 664 00:33:15,960 --> 00:33:19,130 Six months ago they said the probability of it getting proves 665 00:33:19,140 --> 00:33:22,500 90% and it's taken six months people to realise that Black 666 00:33:22,510 --> 00:33:26,290 Rock applied for their ETF in June of last year, Right. 667 00:33:26,300 --> 00:33:31,090 So like all the information you have right now apart from you 668 00:33:31,100 --> 00:33:34,150 know is being further down the line in the in the process has 669 00:33:34,160 --> 00:33:36,990 been out there for months and months and months and people 670 00:33:37,000 --> 00:33:39,130 just have failed it or just didn't do anything with it. 671 00:33:39,140 --> 00:33:41,430 And we had that pump and the initial news and then just 672 00:33:41,480 --> 00:33:44,030 people just selling Bitcoin for ages because whatever they 673 00:33:44,040 --> 00:33:46,050 thought would go right down to the wire and obviously it has. 674 00:33:46,060 --> 00:33:50,350 But I think you know people who are still out there calling for 675 00:33:50,400 --> 00:33:52,490 delays, don't understand the process, don't understand how it 676 00:33:52,500 --> 00:33:55,290 works, probably spent less than one minute looking into it. 677 00:33:55,360 --> 00:33:59,580 People out there calling for a rejection. 678 00:33:59,590 --> 00:34:02,720 I would say the same thing like the the evidence is, the 679 00:34:03,110 --> 00:34:07,460 researched evidence is extremely in favour of it being approved. 680 00:34:07,510 --> 00:34:10,199 Yes, there is some tail risk but to go out there and say I think 681 00:34:10,210 --> 00:34:13,780 it's gonna get rejected as as like you know complete lunacy 682 00:34:14,880 --> 00:34:18,969 and and then the third thing is like you know sell the news 683 00:34:18,980 --> 00:34:21,570 thing and that's that's a bit more of like a difficult thing 684 00:34:21,580 --> 00:34:23,000 because we have had a massive run up. 685 00:34:23,929 --> 00:34:28,870 You know, we've been rallying solid, pretty much straight shot 686 00:34:28,880 --> 00:34:33,790 from like whatever it is like 3030 KS like all the way to him. 687 00:34:33,800 --> 00:34:37,230 And even in the last couple of days we had a big rally and it's 688 00:34:37,239 --> 00:34:40,810 only reasonable to think that people will take profits and 689 00:34:40,820 --> 00:34:43,190 people will take profits. But that's why I don't think 690 00:34:43,199 --> 00:34:47,739 like the approval or rejection of it is going to be like the 691 00:34:47,750 --> 00:34:49,260 big. Obviously it's projected to be 692 00:34:49,270 --> 00:34:51,080 bad, but the approval of it is going to be the big thing 693 00:34:51,090 --> 00:34:54,880 because you have trading on the next day and that's going to be 694 00:34:54,889 --> 00:34:56,630 the most important. The big question rule asking 695 00:34:56,639 --> 00:35:01,140 here is like all of us, you've been long Bitcoin right now or 696 00:35:01,150 --> 00:35:04,540 whatever long crypto and the portion of people who want to 697 00:35:04,550 --> 00:35:08,390 take profits is that sell pressure going to be bigger or 698 00:35:08,400 --> 00:35:11,860 smaller than the buyer pressure of these. 699 00:35:11,870 --> 00:35:14,670 Yeah when it comes and the and the and the derived amount it 700 00:35:14,680 --> 00:35:16,250 creates for Bitcoin, that's the big question. 701 00:35:16,260 --> 00:35:18,430 And so which one? That's why we see the volume. 702 00:35:18,440 --> 00:35:20,690 That's why we need to try and find out And we don't really 703 00:35:20,700 --> 00:35:22,050 know that until we see the volumes. 704 00:35:22,060 --> 00:35:24,920 Now the evidence for volumes seems to be that it's going to 705 00:35:24,930 --> 00:35:26,900 be high. There's rumours that Black are 706 00:35:26,910 --> 00:35:30,190 gonna put in 2 billion. I think it was Van Equal. 707 00:35:30,200 --> 00:35:32,710 I think it was Van Eck that's they have 400 million lined up 708 00:35:32,720 --> 00:35:36,320 already. Yeah, intern. 709 00:35:36,770 --> 00:35:40,980 VENAC intern is the best intern in the ATF game, right? 710 00:35:42,170 --> 00:35:45,450 That's the only game. But that's, that's that's the 711 00:35:45,460 --> 00:35:47,980 big, that's the big question. I think we have to ask. 712 00:35:47,990 --> 00:35:51,770 And right now it feels like, you know, it feels like there's 713 00:35:51,780 --> 00:35:54,130 probably not many profit takers. I mean I'm sure they'll be some, 714 00:35:54,140 --> 00:35:58,700 but like people are seeing all the staff and maybe they'll be 715 00:35:58,710 --> 00:35:59,650 like a small bit of profit taking. 716 00:35:59,660 --> 00:36:02,320 But I think any dip that you have there, you meant to buy 717 00:36:02,330 --> 00:36:05,220 but. I mean, I think it looks to me 718 00:36:05,270 --> 00:36:08,850 like how we're looking to overextended is like the Fear 719 00:36:08,860 --> 00:36:11,250 and Greed index hit the highest level since 2021. 720 00:36:11,260 --> 00:36:16,070 Today it's 76. You have you have high open 721 00:36:16,080 --> 00:36:19,930 interest, but in one specific spot it's CME, which is like the 722 00:36:20,000 --> 00:36:22,610 Trad Phi part of trading Bitcoin. 723 00:36:23,560 --> 00:36:26,590 On the other hand, you've had consolidation there of Bitcoin 724 00:36:26,600 --> 00:36:31,140 for like a month around 4243 K It took a long time going up and 725 00:36:31,150 --> 00:36:33,450 down. So this is just, this is up 726 00:36:33,460 --> 00:36:37,410 since then funding looks low. It doesn't look high. 727 00:36:37,460 --> 00:36:40,280 It looks very, very low compared to what we've what we saw like 3 728 00:36:40,290 --> 00:36:43,940 weeks ago, four weeks ago and open interest isn't high on on 729 00:36:43,950 --> 00:36:47,240 most of the other venues. It's really just on the, on the, 730 00:36:47,290 --> 00:36:54,040 on the CME, um. So it feels like we've had a 731 00:36:54,050 --> 00:36:57,140 long run, but I wouldn't say it's necessarily like peak 732 00:36:57,190 --> 00:37:01,320 frothy frothiness right now. If it felt like if these yeah 733 00:37:01,330 --> 00:37:05,000 had come a couple of weeks ago or three weeks ago before we had 734 00:37:05,010 --> 00:37:08,120 that flush to 40 and couple of the other flushes we've had 735 00:37:08,130 --> 00:37:12,000 recently, that could have been a much worse scenario in terms of 736 00:37:12,010 --> 00:37:15,740 right we could we could go down to like 38. 737 00:37:16,070 --> 00:37:20,370 This feels like we could head maybe down you like there is no 738 00:37:20,380 --> 00:37:23,170 doubt in my mind that you will be able to buy Bitcoin at a 739 00:37:23,180 --> 00:37:25,270 lower level than where it is right now. 740 00:37:25,320 --> 00:37:29,930 At some point over the next week like there will be one Wick that 741 00:37:29,940 --> 00:37:34,010 takes us down to like 45 or something like that and then it 742 00:37:34,020 --> 00:37:36,430 will get bought. But I do think that you got to 743 00:37:36,440 --> 00:37:39,360 be prepared that like there will be lower level there's because 744 00:37:39,370 --> 00:37:41,540 the volatility is going to be really, really high. 745 00:37:42,660 --> 00:37:46,010 And but I don't think it's one where like oh everyone pukes and 746 00:37:46,020 --> 00:37:49,160 this kind of like 35 like this, this feels different than that. 747 00:37:49,170 --> 00:37:51,890 This feels like they've got a lot of capital behind it. 748 00:37:51,900 --> 00:37:54,290 This could be, this could arguably the be the most 749 00:37:54,300 --> 00:37:57,530 successful ETF launch ever in terms of volumes. 750 00:37:57,600 --> 00:38:00,870 Like we could easily blast through the levels that you 751 00:38:00,920 --> 00:38:04,000 you've seen before and stuff like that. 752 00:38:04,010 --> 00:38:07,220 Like yeah, this this is going to feel like it has actual trade 753 00:38:07,500 --> 00:38:12,210 momentum to it and we're not in a world where there's no more 754 00:38:12,220 --> 00:38:15,030 catalysts after this. Like we have a world of ETF 755 00:38:15,040 --> 00:38:17,330 catalysts coming from other athletes named ETH. 756 00:38:17,440 --> 00:38:20,420 You have the halving coming up for for Bitcoin. 757 00:38:20,680 --> 00:38:24,910 You have the whole Salana build out with with stuff like Fire 758 00:38:24,920 --> 00:38:28,470 dancer. You have umm you have a bucket, 759 00:38:28,480 --> 00:38:32,530 I guess a bunch of like RWA deep in sort of stuff which is like 760 00:38:32,540 --> 00:38:36,190 helium going nuts right now. Umm like there's a lot of 761 00:38:36,200 --> 00:38:38,250 different things that are starting to pick up. 762 00:38:38,260 --> 00:38:40,720 I would, I would argue the utility based stuff has yet to 763 00:38:40,730 --> 00:38:46,450 like fully get to scale. But in terms of like the halving 764 00:38:46,860 --> 00:38:51,090 fire dancer, the ETH upgrade slash ETFs, those are those are 765 00:38:51,100 --> 00:38:53,910 decent ones. Like this isn't just like, Oh my 766 00:38:53,920 --> 00:38:58,700 God, that's done. Yeah, yeah, alright, well, 767 00:38:58,770 --> 00:39:00,610 that's good. Listen, we'll find out more 768 00:39:00,620 --> 00:39:01,930 later. Let's talk NFT's. 769 00:39:01,940 --> 00:39:03,680 Alright, let's, let's, let's get into NFT. 770 00:39:03,690 --> 00:39:06,140 We owe it to the people. Alright, for what it's worth by 771 00:39:06,150 --> 00:39:09,900 the way, shout out to Benny for coming on yesterday because a 772 00:39:09,910 --> 00:39:11,620 lot of people seem to think that Ovi's back. 773 00:39:11,670 --> 00:39:14,920 I mean we're we got a message from BL8 saying Polo stuff is 774 00:39:14,930 --> 00:39:16,880 back. We got another message and look 775 00:39:16,890 --> 00:39:18,350 I'm not making this up. I'm putting on the screen. 776 00:39:18,360 --> 00:39:20,880 Look at this. We got NFT Bros saying OF tuning 777 00:39:20,890 --> 00:39:25,180 bullish today and so a lot of a lot of a lot of people are I was 778 00:39:25,190 --> 00:39:26,400 I. Was never bearish. 779 00:39:26,410 --> 00:39:29,410 I was just painted as. Before, Ohh, sorry, you were not 780 00:39:29,420 --> 00:39:32,280 bad cautious. I'm always cautious. 781 00:39:32,290 --> 00:39:35,770 You can never be too complacent on any in any aspects in life. 782 00:39:35,840 --> 00:39:38,630 And for what it's worth, you're absolutely right. 783 00:39:38,830 --> 00:39:43,380 However, you know, you know, there are other times where we 784 00:39:43,390 --> 00:39:45,550 can be cautious, but that's just me. 785 00:39:47,580 --> 00:39:49,920 When it gets, when it gets Max green, that's where you. 786 00:39:49,930 --> 00:39:53,360 Want to be a bit more Porsche? 88 you said Gary Gensler is 787 00:39:53,370 --> 00:39:54,840 about the rocket. That's that's. 788 00:39:54,850 --> 00:39:57,400 That's that was. I didn't know what to say. 789 00:39:59,350 --> 00:40:02,110 Woke up in the middle. Of the flat people is that. 790 00:40:03,430 --> 00:40:07,180 You know what's crazy is that we literally like we're talking and 791 00:40:07,190 --> 00:40:14,150 then you said goodnight and then you came back two hours later 85 792 00:40:14,920 --> 00:40:17,770 and you even tweeted you're going to bed and like 3 hours 793 00:40:17,780 --> 00:40:19,480 and you and he was like 10:00 PM for me. 794 00:40:19,490 --> 00:40:23,400 That was so late for you and and it's just like it was hilarious, 795 00:40:23,410 --> 00:40:29,640 you know like Oh my God that was and F Alright, you wanna start? 796 00:40:29,650 --> 00:40:31,870 You don't actually. Sorry let me not go here. 797 00:40:31,880 --> 00:40:34,580 Let me actually start on DJ's at my fact. 798 00:40:34,810 --> 00:40:37,060 So let's start, you know let's start with let's start with 799 00:40:37,070 --> 00:40:40,140 earth and the theorem ecosystem will come to us. 800 00:40:40,150 --> 00:40:43,340 Now we have to compete BTC soul. Alright so one one thing I saw 801 00:40:43,350 --> 00:40:46,120 is this tiara was stolen. You know when there's that meme 802 00:40:46,130 --> 00:40:50,120 of like NFT that sold for free, but you know it was paid like 20 803 00:40:50,130 --> 00:40:55,120 K for I have to say a tiara sale for 75 ETH, right. 804 00:40:55,130 --> 00:40:58,820 I think during the show, like before the show started, I have 805 00:40:58,830 --> 00:41:02,490 to say was a. Little bit lower, he kind of 806 00:41:02,500 --> 00:41:04,330 teased in general have been drifting a little bit lower. 807 00:41:04,340 --> 00:41:07,950 Even the Azuki pump on the back of the of the token Azuki went 808 00:41:07,960 --> 00:41:11,550 above 7 and now it's back below 6. 809 00:41:11,660 --> 00:41:14,990 The vast majority of that has been has been dumped huge dumps 810 00:41:15,000 --> 00:41:17,930 on blur of of like Azuki assets but that's been across the 811 00:41:17,940 --> 00:41:19,810 board. You're still seeing, you're 812 00:41:19,820 --> 00:41:23,820 still seeing very high volumes. So like if you can see on degens 813 00:41:23,830 --> 00:41:26,660 even like a theorem volumes up just like much higher Bitcoin 814 00:41:26,670 --> 00:41:28,780 and Solana right now. At least for just just for anti 815 00:41:28,790 --> 00:41:32,980 collections of course and but most things have gone lower. 816 00:41:32,990 --> 00:41:38,740 Pudgy Penguins are still like rock solid at 10 1/2, but what 817 00:41:38,750 --> 00:41:41,370 apps are down 23? I know, but did you see what 818 00:41:41,380 --> 00:41:43,770 happened though with the with the farmer that removed all? 819 00:41:43,780 --> 00:41:45,900 His things, what I mean like it's that's I think that's more 820 00:41:45,910 --> 00:41:47,540 a symptom rather than like A cause. 821 00:41:47,550 --> 00:41:51,000 Like things are just heading lower and people are starting to 822 00:41:51,010 --> 00:41:56,940 take a little bit less risk. So Suzuki mutants bought apes. 823 00:41:58,300 --> 00:42:02,650 Even the gods like everything that had like 3 pumps has kind 824 00:42:02,660 --> 00:42:06,300 of come back down. Even crypto punks down at 53 825 00:42:06,310 --> 00:42:09,080 which is down 5%. Like normally, crypto punks do 826 00:42:09,090 --> 00:42:11,570 not move. Well, actually, what's it in 827 00:42:11,580 --> 00:42:13,080 U.S. dollars? Sorry, let me see. 828 00:42:13,230 --> 00:42:15,780 Because that's all this. Is what I mean in dollar terms I 829 00:42:15,790 --> 00:42:18,330 think it's going higher has meant that they've gone they've 830 00:42:18,340 --> 00:42:20,470 they've slightly, but this feels a bit more than that. 831 00:42:20,480 --> 00:42:23,560 I don't know if you agree, but this feels a bit like it just 832 00:42:23,570 --> 00:42:25,860 feels a little bit, I know, tapped. 833 00:42:25,870 --> 00:42:27,400 Out. There's so much going on, right? 834 00:42:27,410 --> 00:42:30,280 Like I saw, I saw Crypto Dog tweet out that like Pudgy 835 00:42:30,290 --> 00:42:32,860 Penguins gonna lead the NFT psych this cycle. 836 00:42:32,870 --> 00:42:36,760 And my response was like Pudgy is positioned to be the leader 837 00:42:36,770 --> 00:42:40,620 of this cycle for like NFT's and definitely for NFT's, right? 838 00:42:40,670 --> 00:42:43,320 But now it's different because more competitive because you 839 00:42:43,330 --> 00:42:45,810 have ordinals and yes Solana ecosystem and like you have for 840 00:42:45,820 --> 00:42:48,860 example like Mad Lads on on Solana that's a direct 841 00:42:48,870 --> 00:42:51,240 competitor. It's not sorry, it's not 842 00:42:51,250 --> 00:42:53,460 competing in terms of science, sorry it's not a direct 843 00:42:53,470 --> 00:42:55,740 competitor. I'm taking it back it's, it's, 844 00:42:55,750 --> 00:42:58,160 it's in terms of like the floor price, it's still competing in 845 00:42:58,170 --> 00:42:59,280 four price, right. Let's put it that way. 846 00:42:59,290 --> 00:43:01,320 But you know, obviously aware that there are they operate 847 00:43:01,330 --> 00:43:03,540 completely different businesses here. 848 00:43:03,550 --> 00:43:05,800 But you know you have something like that you also have ordinals 849 00:43:05,810 --> 00:43:08,420 a lot of these like you saw no monkeys recently go to like a 850 00:43:08,430 --> 00:43:10,980 .25. You know BTC of course is lower 851 00:43:10,990 --> 00:43:13,380 right now but still like .25 BTC is a lot of money, right. 852 00:43:13,390 --> 00:43:15,680 It's like. 12 Yeah, we can get into the differences. 853 00:43:15,690 --> 00:43:17,520 But yeah, I'm just just ET right now. 854 00:43:17,530 --> 00:43:19,720 It does like that, yeah. Yeah, they are losing some of 855 00:43:19,730 --> 00:43:24,590 the some of the shine, but like 2 pudgies equals one board 8. 856 00:43:25,280 --> 00:43:29,290 That's kind of crazy, right? 21 is crazy, but are you 857 00:43:29,300 --> 00:43:30,310 surprised? Are you? 858 00:43:30,320 --> 00:43:33,650 Surprised. Pudgy Penguins used to be what? 859 00:43:35,060 --> 00:43:38,310 Yeah. Yeah, like a 20th of a bored ape 860 00:43:38,320 --> 00:43:39,600 at one stage, right? Probably. 861 00:43:39,890 --> 00:43:43,170 More if you look from the point where coal still had the project 862 00:43:43,180 --> 00:43:47,180 that Portal 2 and what born apes were. 863 00:43:47,270 --> 00:43:49,870 I'm curious if someone in the audience could tell me what's 864 00:43:49,880 --> 00:43:57,740 the what price was a board ape when Penguins Pico Smeco cement 865 00:43:57,750 --> 00:44:01,460 rock solid bottomed? Like I'm actually curious about 866 00:44:01,510 --> 00:44:04,460 it's it means nothing for us with the stats it means nothing. 867 00:44:04,530 --> 00:44:06,900 I'm just curious to see what the. 868 00:44:07,140 --> 00:44:10,330 Obviously, obviously boats have had different air drops in that 869 00:44:10,340 --> 00:44:15,960 period but like 2 to one ratio is wild given given I don't know 870 00:44:15,970 --> 00:44:19,450 what's been happening, well the history of like the board apes, 871 00:44:19,460 --> 00:44:22,270 but now yeah, like would you prefer to have a pudgy Penguin 872 00:44:22,280 --> 00:44:23,710 or a board app is your profile picture. 873 00:44:23,880 --> 00:44:26,300 I mean. Let's just leave that question 874 00:44:26,310 --> 00:44:30,650 answered, I think for for. Could call. 875 00:44:31,280 --> 00:44:35,790 For ordinals it has been it has been decent volume like what we 876 00:44:35,800 --> 00:44:39,530 do indeed is now we like remove the BRC 20 so it it's seeing. 877 00:44:39,620 --> 00:44:42,680 That helps. Exactly which kind of mocks some 878 00:44:42,690 --> 00:44:43,810 of the details of the other sides. 879 00:44:43,820 --> 00:44:48,390 But Bitcoin poppets has been the main one which are just like, I 880 00:44:48,400 --> 00:44:50,730 know we I fucking love these things. 881 00:44:50,740 --> 00:44:55,450 They I like that the communities has got behind them but yeah 882 00:44:55,460 --> 00:45:01,390 they're up the reacts in the last week nought point nought 3 883 00:45:01,400 --> 00:45:04,950 roughly area but the rest like no monkeys, has dipped below 884 00:45:04,960 --> 00:45:06,970 nought .2. They got me flipped by the frogs 885 00:45:06,980 --> 00:45:09,350 they obviously had, but they've seen a lot of rare sales. 886 00:45:09,440 --> 00:45:12,850 Still in in No Monkeys volume. Here is what I'm looking at. 887 00:45:12,860 --> 00:45:17,250 Like the Bitcoin poppets and No Monkeys are dominating volumes 888 00:45:17,260 --> 00:45:19,390 for a long time. By a lot. 889 00:45:19,440 --> 00:45:22,350 By a lot. Yeah, and for a long time, that 890 00:45:22,360 --> 00:45:25,670 was just the frogs, right? Like it was it was frogs and it 891 00:45:25,680 --> 00:45:29,890 was bitmap. But now it's it's really just 892 00:45:29,900 --> 00:45:34,230 Bitcoin purpose and no. Money no equals $47,000 too now. 893 00:45:34,240 --> 00:45:36,290 Like people need to keep that in mind when you look at these 894 00:45:36,300 --> 00:45:40,970 volumes. Like. 4K yesterday like it's we 895 00:45:40,980 --> 00:45:43,550 had got a we printed at 3 three and a half $1000 candle 896 00:45:43,560 --> 00:45:45,560 yesterday and still these things were were trading. 897 00:45:45,680 --> 00:45:48,660 It's kind of wild when you think about the world of ordinals and 898 00:45:48,670 --> 00:45:52,750 beware of of catching a a a pump on Bitcoin because you're you're 899 00:45:52,810 --> 00:45:55,120 the denominator just so you all know. 900 00:45:55,180 --> 00:45:58,320 So fun fact the other night when I bought my first puppet on 901 00:45:58,330 --> 00:46:00,390 FaceTime I was like so excited about buying a puppy because it 902 00:46:00,400 --> 00:46:03,960 just looked hilarious. Vanessa saw them like babe, you 903 00:46:04,010 --> 00:46:06,460 that's my signature. Like do you like these First 904 00:46:06,470 --> 00:46:09,120 reaction .1 millisecond answer babe. 905 00:46:09,130 --> 00:46:11,390 These are so cool. Gonna have one comes behind my 906 00:46:11,400 --> 00:46:13,390 computer cause she loves picking NFT's with me. 907 00:46:13,460 --> 00:46:20,260 And she goes and she goes um ohh wow it's just .01 and I'm like 908 00:46:20,270 --> 00:46:24,350 ha ha ha ha ha baby .01 orange coin. 909 00:46:24,740 --> 00:46:28,470 How many chairs do you sit on? Baby, how many chairs do you sit 910 00:46:28,480 --> 00:46:32,250 on anyways? What do you guys take care of of 911 00:46:32,260 --> 00:46:34,610 this Is this gonna be like something like Kirsty. 912 00:46:34,620 --> 00:46:36,370 Your thoughts mean Ovi. Like what do you what do you 913 00:46:36,380 --> 00:46:37,700 think? Like right now we're looking at 914 00:46:37,710 --> 00:46:39,350 this ecosystem. We've been covering it since the 915 00:46:39,360 --> 00:46:41,710 inception, right. We had Casey on day one when it 916 00:46:41,720 --> 00:46:43,350 first came out we had the Bitcoin Matt. 917 00:46:43,360 --> 00:46:45,830 Guys we've had only multiple times over again on Friday we 918 00:46:45,840 --> 00:46:47,810 have big guard on stage. So I'll go to you in a second. 919 00:46:47,900 --> 00:46:50,720 But watching from the outside Ovia someone who's launched 920 00:46:50,730 --> 00:46:52,950 successful NFT collection on earth, right for last two years, 921 00:46:52,960 --> 00:46:55,530 Red guy, you guys have been like you crushing it like what do you 922 00:46:55,540 --> 00:46:56,880 what do you see here in ordinals? 923 00:46:57,730 --> 00:47:01,600 Yeah, I think it's it's they've been around for about a year now 924 00:47:01,610 --> 00:47:05,960 and I think they've had moments of gaining like popularity and 925 00:47:05,970 --> 00:47:09,340 then they got quiet again. But it does feel like they're 926 00:47:09,350 --> 00:47:12,090 here to stay. And there's you know what you 927 00:47:12,100 --> 00:47:14,720 need for people to more people to come into like an asset 928 00:47:14,730 --> 00:47:17,260 classes like the existing people making tonnes of money on it 929 00:47:17,270 --> 00:47:18,930 basically. I think that's what's been 930 00:47:18,940 --> 00:47:20,180 happening. People made a tonne of money on 931 00:47:20,190 --> 00:47:21,980 like, no monkeys. People making money on puppets 932 00:47:21,990 --> 00:47:24,800 now actually looked at like the price changes today. 933 00:47:24,870 --> 00:47:27,340 And every Ethan of tea was like down two or three percent. 934 00:47:27,430 --> 00:47:32,080 Every slave she was like also down like 1015% apart from mad 935 00:47:32,090 --> 00:47:34,440 lads. And you go and look at the 936 00:47:34,450 --> 00:47:38,580 ordinance page on on Djene's website and everything's up like 937 00:47:38,750 --> 00:47:40,840 50. Sixty 70%. 938 00:47:40,850 --> 00:47:44,960 So I think that causes more interest to to get in and I 939 00:47:44,970 --> 00:47:50,740 think obviously like the UI is the UX is like very clunky and I 940 00:47:50,750 --> 00:47:51,950 think that's a complaint of people. 941 00:47:51,960 --> 00:47:55,460 But you know once when did like crypto native people really even 942 00:47:55,470 --> 00:47:57,110 care about that, right? Most people have gone through 943 00:47:57,120 --> 00:48:00,630 the effort of like get setting up a wallet, having a Ledger, 944 00:48:00,640 --> 00:48:03,200 like transferring money from a sex, all that stuff like it's 945 00:48:03,210 --> 00:48:04,690 already paying for. And I think people are generally 946 00:48:04,700 --> 00:48:07,630 willing to go through that pain to get stuff done. 947 00:48:08,640 --> 00:48:12,250 So yeah, like, I think I think I'm constructive on it. 948 00:48:12,300 --> 00:48:14,360 I think I'm more constructive than I was maybe we spoke about 949 00:48:14,370 --> 00:48:16,680 few weeks ago. I still don't think there's any 950 00:48:16,690 --> 00:48:20,910 like good projects on it really like that interesting from like 951 00:48:20,920 --> 00:48:23,330 a art or culture. But I think Bitcoin Pup is 952 00:48:23,340 --> 00:48:25,450 probably the first one was Ohh that's actually pretty cool. 953 00:48:25,500 --> 00:48:28,290 Like I like, I like that, but very funny. 954 00:48:29,640 --> 00:48:31,680 You know, there's something like Ovi hates our. 955 00:48:33,260 --> 00:48:36,470 But it's just someone like someone like ohh loads of 956 00:48:36,480 --> 00:48:39,190 ordinal pants got swept, was like great, like a fucking 957 00:48:39,200 --> 00:48:41,600 derivative of crypto punks. Just like trading up on like 958 00:48:41,660 --> 00:48:45,110 that's that's the sort of thing that will turn, that will turn 959 00:48:45,120 --> 00:48:48,290 people off people like myself and possibly other. 960 00:48:48,460 --> 00:48:52,970 Yeah, No. Monkeys No Monkeys was the first 961 00:48:52,980 --> 00:48:55,110 one where it felt like original if you actually saw Solana did 962 00:48:55,120 --> 00:48:57,090 their own thing, which is how topping the Solana. 963 00:48:57,100 --> 00:48:59,950 Charts when your credit right. The the frogs. 964 00:48:59,960 --> 00:49:00,970 Gay. Gotta give him some credit, 965 00:49:00,980 --> 00:49:01,490 right? Like they? 966 00:49:01,500 --> 00:49:05,940 Were all OK so these are these are what we're saying is 100% 967 00:49:05,950 --> 00:49:08,950 true but you're starting to see some more original stuff come 968 00:49:08,960 --> 00:49:12,700 out to see original Gen art start to get big on on Bitcoin 969 00:49:12,710 --> 00:49:15,070 models a bunch of different things including like the golden 970 00:49:15,520 --> 00:49:18,790 golden ratio that's that's done very very well recently. 971 00:49:19,680 --> 00:49:23,490 So it feels as though original stuff and well that really needs 972 00:49:23,500 --> 00:49:28,080 it's just like creatives to move on to that onto that chain and 973 00:49:28,090 --> 00:49:31,770 that is beginning to happen so. So you're if you're staff, it's 974 00:49:31,780 --> 00:49:35,770 not just. Like your goal, if your goal as 975 00:49:35,870 --> 00:49:40,750 an Ordinal spokesperson is like, I want to get the biggest 976 00:49:40,760 --> 00:49:44,360 collectors in Wales into ordinals right now, the best 977 00:49:44,370 --> 00:49:46,410 collection of people who probably own crypto punks and 978 00:49:46,420 --> 00:49:47,450 art blocks and that kind of stuff. 979 00:49:47,460 --> 00:49:50,730 So it's like you're like, hey, yeah, hey man, like, I know you 980 00:49:50,740 --> 00:49:52,830 own like an alien park, but you wanna come by like an Ordinal 981 00:49:52,840 --> 00:49:54,540 park. Like to fuck off, right? 982 00:49:54,660 --> 00:49:55,950 That's always how it starts, right? 983 00:49:55,960 --> 00:49:57,670 Like Solana was the same. Remember this? 984 00:49:59,030 --> 00:50:01,260 Yeah, nice. Say, hey, like, do you wanna buy 985 00:50:01,270 --> 00:50:03,010 like this? If there's if there's more 986 00:50:03,020 --> 00:50:05,160 original stuff on there, I think that's what we'll try that. 987 00:50:05,170 --> 00:50:07,740 That also does well. I think that's what will drive 988 00:50:07,750 --> 00:50:09,420 people. I haven't up until now. 989 00:50:09,430 --> 00:50:11,680 I just hadn't really seen it. And I think, like, I think no, 990 00:50:11,690 --> 00:50:13,810 monkeys look cool, but they're not. 991 00:50:15,200 --> 00:50:18,290 Final stop. Hold on, hold on first of all. 992 00:50:18,300 --> 00:50:20,380 Ohh. Ohh here it is. 993 00:50:21,810 --> 00:50:25,570 Ohh hi. Benny, hey, Rick, Cash is 994 00:50:26,780 --> 00:50:29,050 project, it's. A small collection, right? 995 00:50:29,060 --> 00:50:31,190 It's not a big 10K collection. Of cash, correct. 996 00:50:31,200 --> 00:50:33,790 It's not a 10K collection, it's it's a small art collection. 997 00:50:33,800 --> 00:50:36,950 I do agree with you that they need to be more original. 998 00:50:36,960 --> 00:50:41,320 I do think back that the best project has come out that hasn't 999 00:50:41,330 --> 00:50:44,580 really sold much yet is is shrooms because I think it was 1000 00:50:44,590 --> 00:50:48,900 original artwork under 1000 K's inscriptions. 1001 00:50:48,910 --> 00:50:53,040 So to me like that's that I do agree that we want originality 1002 00:50:53,050 --> 00:50:55,500 here, right. So and the puppets are are 1003 00:50:55,510 --> 00:50:58,000 something that's new. So like I don't disagree with 1004 00:50:58,010 --> 00:51:01,040 you on that but like there's definitely a lot of ways to look 1005 00:51:01,050 --> 00:51:02,520 at this. Like there's people who look at 1006 00:51:02,530 --> 00:51:06,300 the sub 10,000 to be important. So it's not about what even the 1007 00:51:06,310 --> 00:51:08,040 art is, but the inscription number. 1008 00:51:08,230 --> 00:51:10,750 Also because I believe that they're working on like that you 1009 00:51:10,760 --> 00:51:14,160 could do things with inside the inscriptions so the lower number 1010 00:51:14,170 --> 00:51:15,750 you have the better and things like that. 1011 00:51:16,420 --> 00:51:20,090 But I would say that there is original artwork that has been 1012 00:51:20,100 --> 00:51:24,210 out there like between Rip caches swarms and Shrug Toshi 1013 00:51:24,220 --> 00:51:26,690 and stuff like that. I I would say that the hoops 1014 00:51:26,700 --> 00:51:30,750 that you have to jump to get to do it makes me more bullish on 1015 00:51:30,760 --> 00:51:33,570 it on the fact that like it's harder to get done. 1016 00:51:33,580 --> 00:51:36,730 Like when you had to get a I remember when getting a moon cat 1017 00:51:37,040 --> 00:51:40,870 was like the most ridiculous way like it wasn't easy to get a 1018 00:51:40,880 --> 00:51:42,530 moon cat right. It was the same way like would 1019 00:51:42,540 --> 00:51:46,190 you have buy BTC in 2013? It wasn't just like, Oh yeah, 1020 00:51:46,200 --> 00:51:49,110 I'm gonna go buy, ETC. It was like it was a process. 1021 00:51:49,120 --> 00:51:52,800 So all of those things to make to make it harder, I think 1022 00:51:52,810 --> 00:51:54,990 actually is bullish. But I wanna let one thing that's 1023 00:51:55,000 --> 00:51:56,350 very important, OK. What's up, Ben? 1024 00:51:56,360 --> 00:52:00,680 You Ether. Keeps asking for utility, 1025 00:52:01,030 --> 00:52:06,250 utility, utility, utility. Finally this, this, this comes 1026 00:52:06,260 --> 00:52:11,250 along Bitcoin puppets and they offer World Peace, World Peace. 1027 00:52:11,340 --> 00:52:15,330 They are actually giving a real utility and everybody and 1028 00:52:15,340 --> 00:52:18,640 everybody's feeding it this. We finally have utility, I don't 1029 00:52:18,650 --> 00:52:19,940 think. It's being faded. 1030 00:52:20,800 --> 00:52:22,460 I don't think anything faded right. 1031 00:52:23,730 --> 00:52:26,260 This is World Peace. Like what else can you ask for 1032 00:52:26,270 --> 00:52:28,940 with what's going on? The tunnels being built in 1033 00:52:28,950 --> 00:52:32,570 Israel and the tunnel. Imperfect. 1034 00:52:32,620 --> 00:52:35,250 OK, let's take you to bed, pops. Let's, let's. 1035 00:52:37,270 --> 00:52:40,210 We need to have World Peace everywhere in New York, in the 1036 00:52:40,220 --> 00:52:43,060 Middle East, and that's where puppets are gonna do. 1037 00:52:43,120 --> 00:52:45,800 We do need to accept that. I I mean. 1038 00:52:45,970 --> 00:52:48,500 We get your favourite puppet because I've seen some good 1039 00:52:48,510 --> 00:52:50,100 ones. There's some great ones you saw 1040 00:52:50,110 --> 00:52:53,030 the one that saw yesterday for .85 BTC. 1041 00:52:55,280 --> 00:52:57,530 I I have some of my own favourites. 1042 00:52:57,540 --> 00:53:03,100 I have a I have a Bitcoin. I have one that has like a 1043 00:53:03,110 --> 00:53:05,870 ketamine shirt with a Bitcoin staff. 1044 00:53:06,310 --> 00:53:09,060 I bought this one. This is the DK money like I 1045 00:53:09,070 --> 00:53:11,840 literally bought. Look at the state of that. 1046 00:53:13,190 --> 00:53:16,320 Like my my favourite one is that there's also a smaller project 1047 00:53:16,330 --> 00:53:20,850 this guy did called called Opium and I bought one of those and 1048 00:53:20,900 --> 00:53:25,150 mine, this guy, this pot. This puppet holds a QR code up 1049 00:53:25,160 --> 00:53:28,470 and if you scan the QR code it takes you to another ordinal 1050 00:53:28,800 --> 00:53:32,910 that all it is is somebody inscribed a fart sound on on 1051 00:53:32,920 --> 00:53:35,600 Bitcoin. Don't think you get yeah. 1052 00:53:36,670 --> 00:53:39,280 OK. Wait, I'll post it up here. 1053 00:53:39,370 --> 00:53:41,040 Big guy. What do you think of that? 1054 00:53:41,690 --> 00:53:44,020 I love it, man. I mean Opium was one of the 1055 00:53:44,030 --> 00:53:50,020 first ever collections I minted on originals back in March and I 1056 00:53:50,030 --> 00:53:53,400 remember everyone going crazy and in that Discord trying to 1057 00:53:53,410 --> 00:53:57,180 sell that stuff OTC and continuing to post that far over 1058 00:53:57,190 --> 00:54:00,120 over and over for OK, if you get it would be funny to for you to 1059 00:54:00,130 --> 00:54:02,780 play it. That's great. 1060 00:54:02,790 --> 00:54:05,020 OK, well look, this is like, you know, Bitcoin. 1061 00:54:05,030 --> 00:54:07,640 Some people see Bitcoin as the future of like, decentralised 1062 00:54:07,650 --> 00:54:09,360 finance. Some people just describe fart 1063 00:54:09,370 --> 00:54:13,740 sounds with the amazing art of the puppeteer Foo on on 1064 00:54:13,750 --> 00:54:15,100 blockchain. There you go. 1065 00:54:15,110 --> 00:54:18,080 That's the kind of their answer on like what's the best Bitcoin 1066 00:54:18,090 --> 00:54:20,340 beta is like there's two sides of the curve. 1067 00:54:20,790 --> 00:54:24,980 You know one thing, whatever. The right girl. 1068 00:54:25,050 --> 00:54:29,640 I love that I. You know, Feroke, I think I saw, 1069 00:54:29,690 --> 00:54:31,680 I saw Obie's tweet on this earlier. 1070 00:54:31,690 --> 00:54:33,610 I I think it's a really interesting question that I was 1071 00:54:33,620 --> 00:54:38,380 asking sort of yesterday as well as like you know usually we see 1072 00:54:38,390 --> 00:54:44,830 post run up of of Bitcoin a pretty sort of simple prediction 1073 00:54:44,840 --> 00:54:47,360 that some of that money will flow into to all. 1074 00:54:47,460 --> 00:54:49,670 I don't think it's as simple this next cycle. 1075 00:54:49,680 --> 00:54:53,830 I think what you're starting to see really on you know at least 1076 00:54:53,840 --> 00:54:57,410 the the coincide is you know Bitcoin runs up you're still 1077 00:54:57,420 --> 00:55:00,430 putting your money back into the Bitcoin ecosystem which I think 1078 00:55:00,440 --> 00:55:04,550 is still it's still being faded to I think a a really 1079 00:55:04,560 --> 00:55:06,950 interesting degree. I think people don't even really 1080 00:55:06,960 --> 00:55:11,670 know how I think large now Bitcoin as an ecosystem is not 1081 00:55:11,680 --> 00:55:14,930 just with Jpegs but but of course the PC 20s but but even 1082 00:55:14,940 --> 00:55:18,540 more so like you have bitmaps now that are probably around 2 1083 00:55:18,550 --> 00:55:21,270 to $300 million market cap you have. 1084 00:55:21,320 --> 00:55:24,990 You know you have rare sats that are probably at like a 5 to $6 1085 00:55:25,000 --> 00:55:27,820 billion market cap right. You like pizza sats alone or or 1086 00:55:27,830 --> 00:55:30,750 probably 1 to $2 billion and like there's not, you know, I 1087 00:55:30,760 --> 00:55:32,870 don't think, I don't think D gens is tracking found. 1088 00:55:32,880 --> 00:55:34,750 The crypto slams is tracking a lot of this stuff. 1089 00:55:34,760 --> 00:55:38,100 And so does it for NFT. They're doing alright. 1090 00:55:38,470 --> 00:55:40,500 I think, like, that's what I'm saying is like I think that 1091 00:55:40,510 --> 00:55:44,420 there's multiple, you know, little subcultures or ecosystems 1092 00:55:44,430 --> 00:55:47,160 on Bitcoin now that are behemoths, but no one knows 1093 00:55:47,170 --> 00:55:50,010 about them. You could go ahead. 1094 00:55:50,500 --> 00:55:52,610 Yeah, I was gonna say my only concern with that big God is 1095 00:55:52,620 --> 00:55:57,160 this when ether realised, the whales decided that and realised 1096 00:55:57,170 --> 00:56:00,010 that if they pumped more ether into their ecosystem that 1097 00:56:00,020 --> 00:56:02,170 they'll either ether will be more valuable. 1098 00:56:02,240 --> 00:56:04,480 Right. So that's why they created, you 1099 00:56:04,490 --> 00:56:08,190 know, first they did. I CON MP's and defied all that. 1100 00:56:08,200 --> 00:56:11,650 Right, So Bitcoin, I get the idea now it's like, OK, let's 1101 00:56:11,660 --> 00:56:14,050 create a better ecosystem that has more value into it. 1102 00:56:14,060 --> 00:56:17,290 So when it's worth 345 trillion dollars, we could look back and 1103 00:56:17,300 --> 00:56:20,760 say, well, 2 trillion. The market, the the ecosystem is 1104 00:56:20,770 --> 00:56:23,680 already worth 2 trillion. My only concern to be very 1105 00:56:23,690 --> 00:56:28,280 honest is that ether had their whales back This right. 1106 00:56:28,350 --> 00:56:32,080 If you don't, if right now I'm looking at all of these 1107 00:56:32,670 --> 00:56:35,680 originals that are trading, it feels like this is a lot of 1108 00:56:35,690 --> 00:56:40,540 ether people from ether, NFT's and soul that are kind of going 1109 00:56:40,550 --> 00:56:42,040 over to Bitcoin. I haven't. 1110 00:56:43,630 --> 00:56:45,440 Yeah, I think, I think the majority. 1111 00:56:45,450 --> 00:56:47,980 Of Ohh yeah. I think the majority of of 1112 00:56:47,990 --> 00:56:52,450 honestly this, this run so far, Red Beard I think is not really 1113 00:56:52,460 --> 00:56:54,780 Western LED or sort of ether lead or sole lead. 1114 00:56:54,790 --> 00:56:56,260 I think it's Chinese or sort of Asian. 1115 00:56:56,270 --> 00:56:59,790 Sinese. Ohh yeah I think it's. 1116 00:56:59,990 --> 00:57:01,850 Just buying it, you know, Age is buying. 1117 00:57:01,930 --> 00:57:06,270 I keep hearing this. But even if that even if that's 1118 00:57:06,280 --> 00:57:08,420 the case, then don't. I'm not saying that's not the 1119 00:57:08,430 --> 00:57:10,300 case. But what what happened in ether 1120 00:57:10,310 --> 00:57:12,690 with NFT is to really make it explode, right. 1121 00:57:12,700 --> 00:57:16,320 I don't disagree with you is the bigger whales bought stuff for 1122 00:57:16,330 --> 00:57:20,110 like $6 million for $1,000,000. When I see Michael Saylor who's 1123 00:57:20,120 --> 00:57:23,250 not against us, I know now turn around and say he buys a shroom 1124 00:57:23,440 --> 00:57:27,240 or or a known monkey for like $4 million, then I think you're 1125 00:57:27,250 --> 00:57:31,610 talking about how you're really going to create a lot of fervour 1126 00:57:31,620 --> 00:57:33,120 in this market right now. It doesn't. 1127 00:57:33,180 --> 00:57:35,220 I just don't. It doesn't feel as I feel like 1128 00:57:35,230 --> 00:57:38,010 there's a lot of big the people involved but it wasn't you don't 1129 00:57:38,020 --> 00:57:40,980 have, you don't have the whales and to me the whales and Bitcoin 1130 00:57:41,190 --> 00:57:43,300 are probably like 10X the whales in ether. 1131 00:57:43,350 --> 00:57:47,420 Yeah, of course. And you and you and you need and 1132 00:57:47,430 --> 00:57:51,610 you need those people to like to like, buy into this and show it. 1133 00:57:51,620 --> 00:57:55,730 Like when when when bored apes were selling, I mean, you know, 1134 00:57:55,740 --> 00:57:58,540 Mandarin could tell you, but there was like 40 selling for 1135 00:57:58,550 --> 00:58:02,370 millions of dollars or or buying the stupid, you know, like the 1136 00:58:02,380 --> 00:58:05,040 green stuff, whatever. Or you know, these guys are 1137 00:58:05,050 --> 00:58:09,490 spending so much money that those large buys pumped the rest 1138 00:58:09,500 --> 00:58:12,340 of the market up. So I I I know where I know we're 1139 00:58:12,350 --> 00:58:15,470 early and I'm not saying that that that won't happen. 1140 00:58:16,850 --> 00:58:20,520 You see that in in the sales that have happened on, you know, 1141 00:58:20,530 --> 00:58:23,060 you go to early inscription numbers with I think the highest 1142 00:58:23,070 --> 00:58:25,960 sales so far has been like almost 11 Bitcoin on inscription 1143 00:58:25,970 --> 00:58:27,880 #8. And then of course to the node 1144 00:58:27,890 --> 00:58:30,360 monks, you're seeing, you know, over three Bitcoin, right. 1145 00:58:30,370 --> 00:58:33,240 Or have you seen I think 2:00 to 3:00 Bitcoin on on certain sort 1146 00:58:33,250 --> 00:58:35,800 of, you know, aliens for that? Yeah. 1147 00:58:36,680 --> 00:58:39,870 So, and that's without with the, without sort of maxi support, 1148 00:58:39,930 --> 00:58:43,750 right? Agreed, but you want Max's 1149 00:58:43,760 --> 00:58:45,440 support. Yeah, I mean, look, it's gonna 1150 00:58:45,450 --> 00:58:46,700 happen. We'll see if it happens. 1151 00:58:46,710 --> 00:58:49,450 We'll see. See if it doesn't happen, you 1152 00:58:49,460 --> 00:58:51,870 know, mind O you guys think there's gonna get support from 1153 00:58:51,880 --> 00:58:54,850 the from the from? The beginning, basically 100 1154 00:58:54,860 --> 00:58:57,630 percent, 100%, you're gonna see, you're gonna see big people 1155 00:58:57,640 --> 00:59:01,350 start to move into here. Like all it needs to bring it 1156 00:59:01,360 --> 00:59:03,490 together. Like what Obi said is right. 1157 00:59:03,500 --> 00:59:06,050 Like we're starting to see more and more culture happen because 1158 00:59:06,060 --> 00:59:07,360 more and more creators are moving. 1159 00:59:07,980 --> 00:59:10,410 You're starting to capture the imagination of like the broader 1160 00:59:10,420 --> 00:59:12,850 community, like with some of these collections. 1161 00:59:12,860 --> 00:59:16,160 No, monkeys I think was the first, like really do that this 1162 00:59:16,170 --> 00:59:17,630 year. And then you started to see a 1163 00:59:17,640 --> 00:59:19,910 bit more of that happen. I think as soon as that happens, 1164 00:59:19,920 --> 00:59:22,790 people start to value culture at crazy levels, like they then 1165 00:59:22,800 --> 00:59:25,750 they become Veblen goods and you could see crazy high sales. 1166 00:59:25,760 --> 00:59:28,380 So like, I'm not going to put a lid on where some of these 1167 00:59:28,390 --> 00:59:29,960 things go. We said that, said that before 1168 00:59:29,970 --> 00:59:32,700 and that will just draw in wealthy people who want to, I 1169 00:59:32,710 --> 00:59:34,150 think. So other bees are doing like a 1170 00:59:34,200 --> 00:59:35,790 windmill sale already, Like, well, they. 1171 00:59:35,800 --> 00:59:37,280 Are. I mean they they saw the shrooms 1172 00:59:37,290 --> 00:59:38,870 there already for for quite a lot. 1173 00:59:38,940 --> 00:59:40,620 Like Johanas. Bohanan's working, bro. 1174 00:59:40,630 --> 00:59:42,760 Devil works hard. But Michael Bohanna Sotheby's 1175 00:59:42,910 --> 00:59:48,460 works harder. Let me tell you that he's grand. 1176 00:59:48,580 --> 00:59:51,040 He's grinding all chains, bro. You know, I mean, I love. 1177 00:59:51,050 --> 00:59:53,220 I love to see that honestly. You know over you strike me as 1178 00:59:53,230 --> 00:59:54,410 someone and then I just saw the time. 1179 00:59:54,420 --> 00:59:56,980 I'm gonna end the show here. But you strike me as someone who 1180 00:59:56,990 --> 01:00:00,620 would buy, like a rare sat. And I mean that in a great way, 1181 01:00:00,630 --> 01:00:02,020 by the way. Like you, you strike me as the 1182 01:00:02,030 --> 01:00:04,970 guy to look into like like an inscription number. 1183 01:00:04,980 --> 01:00:08,480 Like fucking crazy, like mint inscribed on satoshis. 1184 01:00:08,490 --> 01:00:10,360 Like, I don't know. That's kind of, you know, you 1185 01:00:10,370 --> 01:00:12,240 got autographs. You got, you know, I mean, I'm 1186 01:00:12,250 --> 01:00:13,410 in a good way. It's a compliment. 1187 01:00:13,670 --> 01:00:14,980 Yeah, I do. I do. 1188 01:00:15,030 --> 01:00:16,540 I think that stuff is interesting for sure. 1189 01:00:16,630 --> 01:00:18,690 I would agree with that. You know I I. 1190 01:00:18,700 --> 01:00:21,800 Personally think. Really crazy. 1191 01:00:21,810 --> 01:00:23,350 Call me crazy. We should talk about this more 1192 01:00:23,360 --> 01:00:25,610 like we should go next season talk more specifically that's 1193 01:00:25,620 --> 01:00:28,400 what the people want. But like when you tell me that 1194 01:00:28,410 --> 01:00:32,420 like a sub 1000 subscriptions or something like if that's what 1195 01:00:32,430 --> 01:00:36,890 like the thesis that's they're trying to validate on there half 1196 01:00:36,900 --> 01:00:39,900 a beat the .7 up to one bit Bitcoin. 1197 01:00:39,910 --> 01:00:42,820 I could take a risk. I don't have any but when I look 1198 01:00:42,830 --> 01:00:47,030 at that but then like if the thing of it is gonna suck like 1199 01:00:47,120 --> 01:00:50,890 first thousand, there's a lot of people say 10,000 cause of Ethan 1200 01:00:50,900 --> 01:00:52,520 if he's cryptos and stuff that culture. 1201 01:00:52,530 --> 01:00:56,070 But think sub 1000 would be the one I try. 1202 01:00:56,110 --> 01:00:57,990 What do you think? It's going to be something good 1203 01:00:58,000 --> 01:01:00,050 on Sub 1000, right? You can't just pick some random 1204 01:01:00,060 --> 01:01:02,210 ship, someone inscribed, in my opinion. 1205 01:01:02,280 --> 01:01:04,370 I mean, we should think toilet paper roll that was running 1206 01:01:04,380 --> 01:01:05,290 around. That was glorious. 1207 01:01:05,300 --> 01:01:10,060 Like, that gift was crazy. Two elements that make an NFT or 1208 01:01:10,070 --> 01:01:13,130 a piece of art or anything really very valuable. 1209 01:01:13,140 --> 01:01:17,950 One is having historical value and the other is having cultural 1210 01:01:17,960 --> 01:01:19,860 value. And I think only having one of 1211 01:01:19,870 --> 01:01:21,770 them doesn't get you to crazy heights. 1212 01:01:21,780 --> 01:01:24,670 So like just because it's sub 1000, but it's just like a piece 1213 01:01:24,680 --> 01:01:26,640 of shit. Not even a piece of shit. 1214 01:01:26,650 --> 01:01:28,410 Something a bit better than a piece of shit piece of shit 1215 01:01:28,420 --> 01:01:31,650 could be. Quite matarazzo sexy dance, but 1216 01:01:31,660 --> 01:01:33,650 a head butt in two. 1000, Something like that. 1217 01:01:33,660 --> 01:01:35,990 Like, unless someone was able to really meme that and make it 1218 01:01:36,000 --> 01:01:39,550 funny and make it very cultural, it's not gonna be that valuable 1219 01:01:39,620 --> 01:01:41,960 compared to something where it's like ohh wow. 1220 01:01:41,970 --> 01:01:45,460 Like for example if someone like puts a pixelated board ape as 1221 01:01:45,470 --> 01:01:47,480 one of the sub 1000 things, right? 1222 01:01:47,490 --> 01:01:50,600 Like that's not really, you can't pitch that to quite well, 1223 01:01:50,830 --> 01:01:54,700 yeah. Inscription #232 BTC. 1224 01:01:54,950 --> 01:01:57,660 Yeah, that's cool like that. I reckon that's probably worth a 1225 01:01:57,670 --> 01:02:02,490 lot. 32 Bitcoin and I think once it received and they like half 1226 01:02:02,500 --> 01:02:04,330 of that in in a. Bit see what's interesting 1227 01:02:04,340 --> 01:02:09,480 though is like it to some degree is it does matter what is is 1228 01:02:09,490 --> 01:02:12,410 inscribed at that level. But also you could take it even 1229 01:02:12,420 --> 01:02:15,730 further like if you end up owning inscription #2 for 1230 01:02:15,740 --> 01:02:20,010 whatever price you can then re inscribe whatever you want on 1231 01:02:20,020 --> 01:02:23,700 that on that sort of same set as well as as you know that could 1232 01:02:23,710 --> 01:02:26,150 be the parent to your collection. 1233 01:02:26,160 --> 01:02:29,190 So like maybe if you do buy inscription #2, which I think is 1234 01:02:29,200 --> 01:02:32,800 the parent or the parent, yes, you know, maybe you do a whole 1235 01:02:32,810 --> 01:02:36,560 parrot collection and I think that maybe people value or end 1236 01:02:36,570 --> 01:02:39,410 up valuing that because the parent is isn't doing. 1237 01:02:39,420 --> 01:02:43,160 Maybe you can give away that #2 inscription to one of the lucky 1238 01:02:43,170 --> 01:02:43,940 holders. I don't know. 1239 01:02:43,950 --> 01:02:46,700 I I think that there's a lot more value in it than than you 1240 01:02:46,710 --> 01:02:47,910 know, than just the number as well. 1241 01:02:48,650 --> 01:02:51,060 Yeah. I I do agree with Ovie, though 1242 01:02:51,070 --> 01:02:55,730 that sorry OF that, I do think the art will make a difference. 1243 01:02:55,800 --> 01:02:57,490 I think it's going to be a mix of both. 1244 01:02:57,540 --> 01:03:00,250 Now, I'm not saying that someone cares and sometime kids will 1245 01:03:00,260 --> 01:03:02,940 run. I think that just because the 1246 01:03:02,950 --> 01:03:07,010 nature of how we're all degenerate mocks here that it 1247 01:03:07,020 --> 01:03:09,950 will. But I think that for what Ovie's 1248 01:03:09,960 --> 01:03:14,730 talking about long term and like having that real value to it, I 1249 01:03:14,740 --> 01:03:17,550 think that the art matters. That's why, again, I like if you 1250 01:03:17,560 --> 01:03:20,540 asked me if I'd rather have a shroom or Iraq, it's not even a 1251 01:03:20,550 --> 01:03:23,300 question to me. Shrews are created, the arts 1252 01:03:23,310 --> 01:03:26,060 new, it's fresh. It's ever been done before. 1253 01:03:26,250 --> 01:03:30,200 You know, I have a moon burden description like under 4000 it's 1254 01:03:30,210 --> 01:03:33,150 just a copy of a moonbird. Like, yeah, I mean like I I 1255 01:03:33,160 --> 01:03:35,800 agree with that. Be like I can't see how that is 1256 01:03:35,810 --> 01:03:38,240 exciting. But, you know, I, I. 1257 01:03:38,510 --> 01:03:42,380 But I do think the bottom line is that just don't. 1258 01:03:42,530 --> 01:03:44,340 And I keep saying this, just don't fade this. 1259 01:03:44,380 --> 01:03:47,240 That's all I'm saying. Like don't, don't, don't be in a 1260 01:03:47,250 --> 01:03:49,790 situation where you're just like hating on something and then not 1261 01:03:49,860 --> 01:03:53,300 not like taking taking the time to understand it. 1262 01:03:53,350 --> 01:03:56,160 Just like dive deep, like there's artists that are doing 1263 01:03:56,170 --> 01:03:57,780 this. I know that there's plenty of 1264 01:03:57,790 --> 01:03:59,920 artists that are coming out with stuff that are that are doing 1265 01:03:59,930 --> 01:04:02,430 this the right way and they're using utilising the Bitcoin 1266 01:04:03,490 --> 01:04:06,480 narrative and chain to make this even cooler. 1267 01:04:06,570 --> 01:04:09,240 So that's that's the most important thing. 1268 01:04:09,250 --> 01:04:12,360 And last thing is puppets bring World Peace again. 1269 01:04:12,550 --> 01:04:14,820 There's nothing more important right now that we need than 1270 01:04:14,830 --> 01:04:16,560 World Peace. I love that. 1271 01:04:16,570 --> 01:04:17,880 And you know, you're absolutely right with that. 1272 01:04:17,890 --> 01:04:19,720 You know what? That is a great way to end here 1273 01:04:19,810 --> 01:04:23,910 because we did well over time, You know, pray for World Peace. 1274 01:04:23,920 --> 01:04:26,650 Pray for, you know, the ETS to finally get approved so we can 1275 01:04:26,660 --> 01:04:29,610 stop, you know, going back and forth on it and ping pong and 1276 01:04:29,620 --> 01:04:32,550 see, you know, Bitcoin wobbling in the words of the Great Mando 1277 01:04:33,970 --> 01:04:36,920 around this. And with that, with that, with 1278 01:04:36,930 --> 01:04:38,840 that, we'll see you tomorrow morning, 10:30 AM Eastern 1279 01:04:38,850 --> 01:04:41,180 Standard Time, 7:30 AM Pacific Standard Time for another 1280 01:04:41,190 --> 01:04:43,110 episode of formal hour on Rock Radio. 1281 01:04:43,200 --> 01:04:44,290 Let's go.