Yo-yo yo-yo yo, what up? What up?
Good morning, good morning GMG Tuesday February.
I can't see my screen hold on 13th February 13th 2020.
I I really cannot see in front of me right now.
I don't even know if you guys are laughing straight.
I mean let me guess obvious like this man was laughing at me and
and on on mute or unmuted I don't know.
I can't see the the by my main mod here.
But anyways, Tuesday February 13th 20234442024 Look at that.
Another beautiful day to have a beautiful day.
I got my clothes in the house. OSF Mando, how are you guys
doing this morning? I mean, OV must be doing
fantastic. Yeah, I'm doing good.
How you guys doing? Doing well, even.
Sorry. Doing good is not proper
English. Doing well.
You're muted by the way, Michael.
See. I can't see.
Thank you for calling that out. Thank you for for pulling that
out from yourself. Good to see good grammar
happening. On yourself.
I'm. I'm a grammar.
You know what I like that. I like that you do your King's
English. I like that.
I like that someone on this show imposes the King's English.
Wait, where? What the hell happened to Mando?
No idea. I'm getting hot it.
Was a good run. It was a good run for me there.
Oh. You're back.
I have to say, Mando, it's so
good that for once in like this year, you sound right.
It's the first time, I think in 2024 where you sound like,
really deep and like nice. I like that voice.
Yeah, do some late night ASM with Manda.
Dude, I'm not going to lie like Sims, are you hearing this?
That, that is, he's very up close and personal with it and
you get that full flavor behavior.
I'm a big fan. At home, your arm doesn't extend
to like, close to your mouth, right?
So you do sound good. But then you've been going full
Mario not fall on us when you're traveling.
But right now with the mic closer like I have to say, like
I'm getting the tingles. I am getting the tingles right
now. I like it.
I'm going to go to you first when it comes to market reports
today on the show today, today. OK I got I'm sorry.
I I love my brothers and mug and my cousins but I can't see
anything so I'm going to put my glasses back on because the
Vipers, these Vipers, you can't see shit inside with these.
I'm not going to lie. But we love them.
They're going to stay on the desk and next to my little bull
here and they're going to be looking at us during this show.
Today on the show today today market reporter usual macro
crypto and all that good stuff. NF TS, Bitcoin E soul, blah blah
meme coins going crazy. Yesterday you had extreme runs
on on WIF. You had an extreme runs on mark
going crazy on timeline. Hence the new the new PFP.
Yes, this is me. I made a promise that in the
copy goes on at 50 mil and I am a man of my words.
So we had to hold that Pandora bounces a lot of stuff.
Just yesterday was just a crazy deal over all over the board so
across every single like everything.
So we're going to go over that NFT roundup Bitcoin eath,
solana, so ether, ether rock. Three of them sold.
So another one sold and I think that the there's there's a Poly
market bet right now and over under $600,000 for the ether
rocket Solibee. So I'm curious to see where that
settles and what you guys think. So we'll be talking about that
killer bears just going crazy. I I saw that I've been, I've
been lightly following it from the sidelines what's going on
but they they have a Solana move going on so it's going crazy.
A lot of stuff happening on the on the on the NFT front as well
and as usual just like overall news going on.
So anyways, anyways, as usual ladies and gentlemen, we all
live on video so you can join us on X broadcast or on RUG Videos
YouTube channel. Just join us there and make sure
make sure that you're tweeting the pin.
Tweet it's PIN at the top, bottom right you go to to the
purple box, you drop a little GM follow FOMO hour follow a little
bit and for a chance to win $1000 we're running out of these
1K stammies. I think today and tomorrow.
I think today and tomorrow are the last two days, but that
doesn't mean we're not going to give a lot of money away on the
show every Tuesday and Friday during the loot box spin.
So that's happening. I updated the loot box this
morning boys. There's 59.
There's 5959 NFTS in there now. So so I really went deep this
morning. Like I went, I cleaned it up.
A lot of them were were sold, so swapped for cash prizes.
So I removed that and I cleaned it all up and I added a second
punk, a second ape, 3 pudgies, a ton of red guys, bunch of kampai
pandas because those are doing well.
Of course I added a bunch of rug radio NFTS because why not, we'd
love to see that and because we can do that, which is awesome.
But anyways, so that's that. So that'll be at the end of the
show. So make sure that you're live,
make sure you're live with us. But anyways, you want to be
live, so you're going to learn a lot about the market.
And Speaking of the market, let's see what's going down.
Can you dig it? Yeah, so Bitcoin hit 50K during
the show, right? I think it then topped out at 40
1/2 roughly and everything then went crazy.
So you saw ETH I think rallied about 5% after our show
happened. That topped out just sharp 2700.
Solana went up to 115 and a bunch of altcoins started
moving. Originally it was in the Bitcoin
beta space with things like the BRC 20s move already moved all
the way up to like you know 1.5 billion I think FTV.
Then it moved into some of the ETH coins.
So you had Lido was a big out performer yesterday, Arbitrum
optimism and then you started seeing the meme coins.
So firstly you you had whiff which has been on a tear like
it's topped out nearly at 400 million yesterday and since
retreat retreated slightly but that's been a massive run but
this this was trading at 170 million.
It's basically done a 2 1/2 X in the last week and then you had
MOG which is which is like an OG ETH meme at this stage and that
moved up about 100%. It's up about 5 XI.
Think from from recent lows, right?
Like it's a big, big move and I think.
Look at this. Way I know things I would say to
note here is you started to see ETH outperform particularly
today when everything started going lower.
ETF has kind of stayed high and you've started to see a bit more
talk about an ETH rotation trade.
I think there's the main reason for that is, is the ETF people
are now getting very built up on the ETF.
Notably Franklin Templeton which is a 1 trillion plus asset
manager applied for their ETF yesterday.
So people are assuming that there's more chance that this is
going to get done. We can go into Poly market.
Let's go into Poly market and check what they say I like.
Poly market. Yeah, maybe you don't do that on
the screen because I'm financially, technologically
illiterate, but that's what. I'm here for tell us.
Put an ETF. So I've just been, I've just
been buying ETH. I think ETH is going to go like
if you want to hear what my trade is and there's no
financial advice, but that's what I've been doing.
Fine, I love that. Over the last 24 hours I gave
you Solana at 78. I'm giving you ETH now at 2600
or 2005 whatever 50 I think it's going to.
I think this is going to breakthrough 3K like I just I
just get the. Feeling right, like there's a
huge like thing where it's like above 3K it's air until 3/5.
I think we've been talking about this for a long time in the
show, no? Yeah, look, what I guess up
until now, ETH has really just been a beta trade.
It's obviously underperformed most things.
It's underperformed Bitcoin and it underperformed Solana and
underperformed a lot of old L ones.
I think I just get the feeling that this is going to be the
time that ETH really leads just because I think the Bitcoin ETF
trade, yeah it's it's not that it's already happened, but we're
clearly middle of the way through it and Bitcoin just
basically did a 2X. Now on the back of just that
just that ETF, it was trading at 26 K and now it's trading at 50,
right. And ETH is trading at 2000, well
2500 there when this sort of comments are coming out about
the the new ETF. So I just think people get very
pulled up on it. So I'm starting to think that
that's the right rotation. As as I've said, I said
yesterday, it's a little bit difficult because you think oh
ETH is going to be that former. Do I buy ETH or do I buy XYZ?
Do I buy L twos, do I buy the staking coins, do I buy the meme
coins? I think that the best trade will
be ETH or levity ETH. But but there's obviously going
to be some other ways to trade this like the best risk reward
trade is going to be levity. But yeah you could you could buy
in terms of what comes to mind, obviously the top L twos,
although their fully diluted market caps are very high.
So arbitrary market cap is touching above 20 billion
optimism suddenly in the teens you have a few others coming but
but yeah there's obviously you can play the L twos.
You can play Lido is the main staking which is basically the
equivalent of of Jeto on Solana or you can play some of the OGD
Phi things, things like synthetics would be an obvious
one to go for that's like re underpinning of a lot of D Phi
and then you have some of the memes.
So things like Mogg just did like 100% move and weirdly it
wasn't Pepe. So like Pepe was obviously it's
kind of the known as one of the bigger ETH native means this
mogs had a much, I don't know cleaner last few months.
I would say like more people joined it less division that one
really moved but you could see, you could see ETH memes I think
come back a little bit but the cleanest one for me is still is
still ETH. But yeah that that's what I'm
focused on right now I think. I think we're going to see a
period here of ETH outperforming.
I think ETH is going to breakthrough 3K very, very soon.
Yeah, it's fuck, that's that's exciting.
I mean we we, we, that's what we wanted last time, right?
Like when it was it ran to like what 2700 remember talking about
that and a lot of the timeline was talking like 335 for for for
ether. But then like a lot of stuff got
smashed after the like well it's saying like GBTC selling
pressure of Bitcoin but this time it looks different on I
have a question for you and then I I I definitely want to hear
what OV thinks because this is like music to Z is for sure for
sure. And OV's definitely having the
best day here after. I mean this man's coins are all
all fucked on today at least overnight.
Like this guy. This guy's whiff and this is
like your two big like shit coin positions and you're like it.
They're absurdly up. But Mando on right now we're
getting paid to belong Bitcoin, which I find kind of interesting
after this move down on Robit. Right now, my two Bitcoin longs,
I mean paid to be long at the. Moment.
I don't see that in the in the broader funding.
Interesting. If I can show my.
Screen and show you, but I don't really want to.
If you go to Coin Allies, for example, which is your coin
glass? Maybe.
Maybe I'm late to it. That's one of the positions,
yeah, I'll just go down. That's interesting.
Like if you go on to coin glass though, which is probably the
easiest for like current funding.
Yes. What you actually saw overnight
was, yeah, see, these are not good figures, if I'm honest.
But if you go onto the heat map, we compare it to yesterday.
Yeah. So you see how kind of a few
hours ago everything started getting a bit more yellow,
right? Right.
That's. And up until then it been pretty
green and suddenly started yellow.
Now to just put into context, you got a 30 day when you change
that to a 90 day just for people to be able to see or three
month, yeah so that's what it was like remember going into the
ETF, so we started to see a lot more yellow.
So we're not at like peak peak degeneracy, but funding rates
definitely did spike overnight and that is why you had that big
Wick down like I was 100% expecting something like that.
And so you're starting to see things have to pick themselves
up from maybe being slightly over levered.
It's very, very dangerous thing to have to have like tight
leverage in in this sort of a market.
But yeah, Bitcoin is still, I mean bitcoin's definitely below
49 K now. So it'd been eight days in a row
higher. We'll see what the ETF buys
today, but maybe it did take a little bit of a breather.
I'm just the. ETF, The ETF data is out.
It's another 534 million net inflow.
What, Already today? Yeah, already.
Wait, it opens at 9:30. The bell rings at 9:00 or 9:00
today. I always forget.
Sorry. I just if you go to look on
chain, they they produce the updates every day and it says 8
ETFs added 590,000,000 Bitcoin today while grayscale only
decreased by 56,000,000. So it's basically that's if
that's two, I mean if those numbers are right, I I think
they have to get finalized by the end of the day.
But if we're in that ballpark, that's $2 billion of net inflows
in just four days. I just, I don't know how you can
be bearish. Like it's just it's madness to
me. The thing is, I think bitcoins
obviously have this monumental run.
Now not in terms of absolute moves, like the move is what,
15%, but in terms of consecutive moves.
So people get very, very, you know, wary when you have these
sort of big consecutive moves and we're in, you know, we're in
extreme greed now on the index, all this sort of stuff.
But I just don't know how you can be bearish on that like
something really CPI came out slightly hot today.
Nothing, nothing to go nuts about 3.1% like we are.
We are still very close to the Fed, Fed target at the moment.
I just, I don't know how you, how you fight that.
How could you be sure with that? The only person all CT that went
short is keyword monkey. Thankfully, he looks like he
closed that scalp. He was right for like 12 hours,
but I think it's like the most suicidal trade is to try to
scalp a short in the middle of like a run like that.
Like it's really scary genuinely, because I was
thinking about this morning. It's like you scalp a short
because you feel like some frost when we hit 50K.
But like the UPS, the risk reward is not worth it, right?
I think if you're scalping you tend to have tight stops, so it
doesn't really matter. You just whatever, like I'm sure
he would have stopped out at the same level he took profits.
So, but yeah, I would say, like what's more dangerous is if you
have a medium term short, because without tight stops,
that's how you can really like do your bollocks.
But if it's just a if you're just scalping like whatever,
you're never going to make much money, but you're never going to
lose much money either, I think, because you should have tight
stops in that. OK.
OK.
I like that OV What's up with?
And then we had numbers this morning.
There's another figure coming out this week, right?
Or no? That's it.
No, I think that's it. I think inflation is CPI is
usually the big one. We'll probably have some PMI
numbers later this month. I think maybe we already have
them. I can't even remember.
We've got PPI on Friday with. TPI, that's it.
We have PPI on Friday, yeah, which will be important.
But yeah, I mean, I don't think 3.1% is that bad.
I just think people got really bulled up on how low the number
could be and the expectation was 2.9%.
Remember last month was 3.4, so we're actually seeing inflation
drop again after it kind of evened out and even rose a
little bit. So it's it's actually a good
number in my opinion and to see 3.1% inflation alongside like
payrolls that are coming in at 203 hundred, 400K every month, I
think it's pretty it's a massive win like it's a it's a good NUM.
Those are, these are good numbers for the economy.
If we came in at 3.53 point 6 and you have those big payroll
numbers that would be a bit more worrying but 3.1%, I think it's
a good number. That's the second lowest print
we've seen in the last 18 months, possibly even 2 years.
I don't even know when you know when things started to get out
of control. So I actually think it's a good
number. I think I just think like short
term markets maybe got a bit too pulled up and they're now paying
the the penalty for that. But you know, I just don't think
I mean CPI is important because if the, you know, it effects
macro risk sentiment which therefore effects how much
people want to put into crypto. But at the end of the day, we're
still seeing massive, massive crypto inflows from the ETF. 2
billion in four days is not a joke.
And tomorrow, tomorrow will be interesting because tomorrow is
going to be the number we'll see having had the CPI number and
having had the market reaction today and you'd expect
tomorrow's info number would maybe a little bit lower because
people are making those decisions today.
But I just, it doesn't seem like these Bitcoin inflows are going
to slow down anytime. And I really do believe if that
continues, I think if that continues, we will see 100K
Bitcoin in the first half of the year.
We may even see it in Q1. Like if you get $500 million a
day of Bitcoin inflows every day and that doesn't stop, we will
see 100K Bitcoin in Q1. We definitely will because the
numbers just don't add up for it to not go to not go parabolic.
But that depends on the ETF flows and it feels like to me
there's a high likelihood of seeing that in H1.
So I think dips like these, you're probably meant to buy
like we may be off a bit because leverage ticked up, we had a bad
CPI number and things sold off and people are taking profits
and having had a good run. But you know, I just think these
are, these are always dips to be bought because the main thing
that's driving the crypto market right now is $500 million a day
of inflows into Bitcoin ETF. And as long as that continues,
it's going to be very hard for us to not rally from here, I
think. Yeah, OK.
Look, we absolutely love to see that it's and some good figures
you shared right now, Andrew. Andrew Kane put out a good tweet
yesterday. It's worth it's worth looking
at. He was trying to estimate what
the inflows he thought would be into Bitcoin.
Hold on. Let's go check.
And I think he's he was estimating something like 40 to
120 billion of inflows this year.
Yeah, we literally we that's what Kunis said.
But Kunis was saying the estimates are 100 bill, but like
he's he's putting in at 50. Yeah, I mean, he's talking about
not just the ETF obviously, or at least not just the USETFI
think you're thinking about other things such.
A good pose. This is great.
I thought it was. If you keep on going down,
you'll find it. But.
This one. There it is.
Long term BTC demand flows this year I approximate to be 40 to
$130 billion and so he puts this like chart, this like table here
that he's talking about. It's very it's very high level.
He's obviously talking about like household demand but I
don't think he's, I don't think he's massively off.
I do think, I do think we could see that sort of an inflow into
into Bitcoin and this is a period where you know Bitcoin on
exchanges is is at its lowest for for many, many, many years
and you have the Harbin coming up.
So it's it's a period where you could have increased impact on
price in my opinion, but you know, Blackrock's got 5 billion
Bitcoin already, 5 billion Bitcoin that, that they're just
going to keep on driving this thing, man, like.
Oh, that is insane. That is insane, bro.
That is just like that is just what?
What do you want, wizard? Why is Wizards commenting on our
shit? I know he's watching us live.
He's watching the the the X. Probably probably because I said
100K Bitcoin. He's literally watching the X
broadcast because at the bottom right in the comments it says
there's AX logo and not the YouTube one.
So he's watching us live on video on XI sent them the link
to the stream yard. I'm like, why don't you just
crash the show and let's see what what he thinks.
I mean, Capo yesterday posted his new TA and it seems like
Capo still thinks that we're going down.
I did ask him and I got a response actually OV that I had
to send you screenshots for because you're blocked still.
But I thought it was so funny. Like, send me a screenshot.
I'm still blocked. I thought it was hilarious.
Out of all the people that made fun of him, you're the one who
got blocked. It's like it's hilarious to me,
but basically I asked the message, are you me man or or do
you actually think this? He goes, he just stays the same
50K30K. Then we'll see what happens.
So I guess we'll see, I guess, I guess we'll see for that, but it
it's looking great. So just to recap of prices here,
what's that menu? How does he think he goes to 30
K other than lines on the chart like I think?
I think it's it's not it's not real.
I don't think it's real anymore. It's not real anymore, is it?
It's real anymore. I don't think it's me, I'm
actually. Trying to think what makes apart
from we're frothy. We've got a bit too much
leverage like I to be clear we actually don't have that much
leverage. Historically if you go back to
when Bitcoin was last at 50K, the leverage in the system is
much, much lower. You can even see on that funding
like we're not yellow across the board, it's high, it's not
insane and it's definitely decreased on things like CME
over the last over the last few months or last month since the
since the ETF. So like I I do wonder how we go
from 50 to 30 K like OV like what do you think of the things
that that really 'cause we should be worried about like a
banking crisis or like what is the thing that?
Require Black Swan, right? Banking crisis is like good for
Bitcoin. Remember when we had Bitcoin
rally last year in the banking crisis?
I mean, I don't know. We don't have to have this
conversation because we don't have to, like, manifest things.
It's. Important like because I think a
lot of people on the first sign of weakness, they go like oh
we're going to go low because the chart tells me to like
there's got to be something driving this.
And I know obviously a lot of this is momentum, so people get
scared and on the way down. But if you have an ETF which is
buying and let's say it slows, let's say it goes down to 100,
two, 100 million a day. We're still talking about crazy
inflows into an asset daily. Just to put into context, a very
good week. If you go coin shares, if you
they post. If you want their Twitter, they
post weekly the inflows into into crypto coin.
Coin shares you know where Melton and they they used to
post weekly the inflows into into crypto funds.
You should look at this chart about what's been going on for
the last few weeks compared to what it was like for many, many,
many. Where did you see this chart?
They post a few. Days onto their website maybe
like they've put 708 million there, like where that where it
said 1.1 billion go down. Oh my bad, my bad.
Sorry. So right here.
Click on that link 1.1 billion Yeah, click on that.
Oh, I got drained. Oh God.
Dude, come on, man. They're really killing you.
But just depends. Context.
We are just dwarfing anything that we saw on a weekly basis
into crypto, into crypto funds over the last year.
Like a great week. Bro, you can't access the
website. OK, go ahead.
Sorry. Would be a few 100 million.
Oh my God, this is just a disaster for.
Just type in. Oh, there we go.
There you go. Look at that.
Look at that chart there, right. And you're starting to see
obviously prefer those two weeks for the GBTC outflows, but look
at how big these inflows are compared to all of last year or
like what you would see on a durational week last week you'd
like you'd be happy if you got 100 to 200 million of inflows
today we're getting 500 million a day.
And we were worried about GBTC dumping on us.
Like look at it we we are factors different to what's been
going on for years in crypto. This is the most inflow inflows
crypto we see. Crypto asset flows by asset in
millions of dollars and look at that and that that involves
Bitcoin, Ethereum, multi assets. So we're not buying us like one
another. We're talking like billions
here, yeah? Like look at that.
I remember because I used to post this data every single
week. These are these are the like the
the main, these are the main institutional funds that that
used to have crypto. It used to be like, oh great, we
got 100 million in and now arguably a lot of that a lot of
that was in retail. But these this is new capital
like BlackRock wasn't buying before.
Like look at that chart. It's this is insane.
I mean, this is the only one we need to see, right?
Yeah, Well, yeah, I mean you have those two down weeks
because of because of grayscale, but.
Yeah, that's it. Look at this one, look at this
one, weekly crypto asset flows by asset in money there's there
is 1100 million, OK. One point Bill that's 1100
million of dollars going into the weekly crypto asset flows
and you're bearish aenon like, I, I, I, you know what I mean.
It's like it's so absurd to me when I read bearish like
sentiment on the timeline and then we're not even.
The crazy thing is you're not even being a fork here.
You're just literally using numbers and data to like show
why you're making a point OV your 100K Bitcoin comment is
making the rounds right now. Like it what what was your call
like by end of year? We didn't.
We all say 100K Bitcoin in the year?
If we see if we see $500 million a day of inflows into the
Bitcoin ETF, we will see 100K by the end of Q1 and Q1.
There's about six weeks left. By the end of Q1.
In about in about six weeks, I'm saying.
You see? Oh yeah, let's go.
That's the fucking animal. That I'm just saying that's if
you see that that there's consistent inflows, we may we
probably won't but if you do then I think, I think I think
that's what we would get. So, so I just, I just checked it
today, just just now. So 2023 crypto inflows at asset
managers in 2023 was 2.2 billion.
We have seen 2.2 billion in four days.
So all of 2023's inflows have happened in the last four days
into institutional funds like that is just stop fighting it.
So like yeah, OK yeah maybe we might go down because the
average is high people get liquidated, I get it.
But this is not, this is not like, oh, we're just going to go
down to 30 K because your charts as it is.
It also the other thing I think to note here for Chartists and
anyone who's following on chain metrics is how much buying is
now happening off chain. It's like happening by people
like they're not going to going to the average price of these
sort of buys. The sort of metrics that we're
following. This is a lot of the metrics
that we used to have to follow are going to start to become
less, less relevant because of the type of buyer that we're
seeing. Yeah.
Dude Wizard is losing his mind in the YouTube comments right
now. He is like blasting comments.
This is this is going to end in me.
Me like somehow getting into a bet of like, Bitcoin to 100K?
Yeah. Yeah.
Yeah, yeah, yeah. But you, you need to get crazy
odds on that because you're calling for Q1, like you need to
be getting like 5:00 to 1:00 on that, you know what I mean?
Like 12:50 on that if you're going to take that.
Yeah, maybe. Let me function and find that
guy who I bet bet for the ETF. You know.
Afterwards. I'm getting notes.
I'm getting notes that we're
getting Wizard is is is coming in the studio.
No faces. OK, he's coming.
He's coming. He's on the way.
I sent him the stream yard link. He is on the way.
This show was about to get Rowdy.
He's coming on video. We have 210 people in the studio
watching us live on video by the way.
So just a quick reminder follow FOMO hour because we deliver
fire content every day and also and and and also because Wiz is
on his way to to take a bet with with over here so that's that's
about to get interesting anyways.
Anyways anyways anyways all right so Mendo ETH.
Perfect. So I'm.
I meant to move my longs to ETH got you.
Thank you for FA We're going to take care of that we're going to
take care of that after the show.
Not doing so that's that's that there he is.
There he is the the great bear. Look at this.
Look at that name. Look at that name.
Wizard. What's up?
So what's going on here You you don't seem 100K, what is what
are you talking about end of Q1? 100K man six weeks.
That's wild. Like, damn, I couldn't even try
and LARP that hard, man. That's unreal.
I'm I'm the inverse capo. I'm the new capo.
Yeah, I mean Anthem. I mean, yeah, there's inflows,
but like, are we just like, not? So we just think that it doesn't
matter what happens with anything, right?
Like, so I saw you guys saying inflation, it was just like a
small. No, no.
I mean, did you see shelter? Like shelter is just not moving
down. We just don't care.
We don't care. Well, I don't care.
Do you guys care? Manda had a.
Comment there but we got we got to have a we got to put a bet
down man you're calling for 100K end of Q1 we there's got to be
some sauce on the line here. I agree.
I I think you guys should be betting.
I actually totally agree. I think OV and and and and and
Wizard here should be taken a bet.
Yeah. I just, I just don't think we
need to be worried about inflation at 3.1% like shelter
inflation is it's not exactly going to go up like it's it's
lagging already. So we already know it's going to
come down to a certain extent. Like even if it even if we
settle around 3% like it's it's just not in the world where
Bitcoin then goes to 30 K like I just think this is this is where
it decouples because of inflows like macro really really fucking
mattered for a long time but like now it feels on the margin
rather than if inflation's slightly high it's going to nuke
Bitcoin like it just you can even see that in like like the
price sections at a like. Oh yeah.
So I I agree with the with of course the 30K that that'll
that's just I think it's just a meme like I it would take so
much like Fed would have to be like OK we're gonna hike 50
basis points right now inflation goes to 6% I mean maybe we see
36K38K maybe then so I don't disagree with that but I don't
think we're seeing 100K by end. I mean, yeah, let's put a
dollar, a dollar, dollar. Bet.
Let's do it. Dollar bet.
End of Q1. NFQ $1.00 bet, I like that.
I like those dollar bets. I think we should be doing more.
Yeah, yeah. Well, I mean, there's no, I'm
not going to flex with OV the guy, you know, big size.
So yeah, I mean, I'm a fall fit. Small little fish, but.
OV's up good today. OV's up good today.
You know he he's top mugger. He's top wiffer.
You know his his coins are doing good today, Wizard.
So he's. Yeah, we love the mug, so you
know all about that. We love cyber bullying, so
bullish on that. Wait, opinions of our?
Was created created as a coin to like bully whiz, that's.
Literally, Yeah. Literally, it was literally
created to like attack, whiz. And then I messaged OV on July
20th. Yeah, I'm in.
I was like, I posted it. I was like by MOG, it's this
Wizard of Soho Cyber Bullying coin and and that's when we
bought it. And then and then we.
Just fucked up for the fall. Oh my God, this is great.
This is great. Now that no 100%, it was
literally made to bully me. And like all their first memes
are just pictures of me from like my Instagram from like
fucking seven years ago. Like, it's incredible.
I love that. I love that anyway.
So that's that that's I think that's a good market.
I think that's a good market We can how you feel about how you
feel about how do you feel about Ethier with I mean Mando and
Mando's feeling very, very bullish.
You're on it. Yeah.
I'm very bullish on it.
I mean the the they're filing Eat the what do you call like
the ETFs and shit like that. It's we just we literally get to
do the exact same playbook all over again.
I mean, yeah, 100%, very bullish on.
I mean this is against my whole Twitter character right now.
But yeah, I'm very, very bullish on Eat the.
It's like my largest spot position plus all the Eat NFTS
too. But yeah, what's your, what's
your favorite ETH base trade? Because there's a few things now
you can buy. There's LTS that maybe some mean
coins and oh, you mean like like the beta, like a like a.
Yeah, yeah, yeah. Oh.
Honestly man, all of them like anything you pick like Arbitrum.
Like I have a large fish on Arbitrum.
I have. I like all those like sui op.
I don't even know if they have any users but all that shit's
going to like, you know easily outperform it over the next into
into the ETF. But I don't, I don't know what
do you guys have? I mean, I have like, so what's.
I have a big pudgy, pudgy Penguins position which honestly
trades like inverse to most NFTS because usually NFTS dump when
eats pumps, but pudgy Penguins pump when eats pumps.
So that's been incredible. But I don't know what what betas
do you guys have? I think, I think some NFTS will,
yeah, Morgan, I think seems. I have.
I'm not lying. I think NFTS like in the like in
the 2021 Bull Run NFTS he did act as a as as levered ETH if
you like it's like punk's did really well.
I think maybe Penguins are like I don't want to say as phrase I
don't want to say that the 8th of the cycle but they're they're
definitely the NFTS with the most momentum the cycle.
So I think I think that will act as a good basis to ETH as well.
But now you have so many L twos, like three years ago the only L2
you really had was Polygon and now you have arbitrum, optimism.
Imagine. Wasn't even really an L2, right?
Yeah. And you're going to have stuff
like Blast that's going to be coming as well, which we spoke
about yesterday. So I think there's a lot of good
ETH beta players. It's funny because, and it's
what Manda said yesterday, it's like when you think about all
the different ETH beta players, it kind of makes you like less
bullish on ETH itself, because it's how I'd rather just buy
this than actually buy ETH and it kind of makes you wonder
about that. But.
I mean that depends if you're a spot like you know yeah but you
you you got massive downside risk right on the on the beta
it's like I mean those things swing like 510% a day sometimes.
So yeah I mean I think that's a fairpoint for sure this but
that's that is the thing there's so many more eat betas.
I mean you're right like if you think about it like last cycle
yeah you just had Polygon which was went on an insane pump like
the Polygon was like the the the Solana pump that we're seeing
now it was like the Polygon pump and it hit like $3 or some shit
but that was wild. But yeah blast will be big too I
agree on that. Blast will be like the gaming is
where my biggest allocation outside of spot eat and is and
pudgy pangas like I think like this gaming is just.
I mean if you saw mafia holy shit you see big time holy like
all these gaming tokens are just going to be just easy. 1025 X
like every time like not faded beam.
Shout out to Mando on that but put me on beam.
Holy shit, that Beam Shade has been incredible.
Yeah. Yeah, has been insane.
You guys cooked that, huh? Yeah, all amando, man.
Yo, it was so random. He, like, matches me.
He's like, hey man, I like this. I like this token beam.
I'm bullish on it. Literally.
Like, what the fuck it is. What made you like?
That man, though, like what was what was 'cause I remember you
calling that. Like, what was what was the call
like? Why?
It's it's actually an old token. They just they just made a new
token and you know, you just know in this space that you just
need a narrative. Like, Beam doesn't actually have
much going on it. Like it's not like it's sitting
there with like all these like millions of users.
It's the same with pretty much everything in gaming I spoke
about yesterday. But hot narrative, they're
burning a lot of their supplies. So it's like AVC.
At the same time, it's kind of like like AI don't want to say
Animoka, but they're making investments into different
gaming companies and then they're using the profits from
those investments to burn the token.
So you kind of own like a a gaming VC at the same time as a
chain and it's a token you know that like went basically to zero
and then came back up and it got a new IT used to be merit circle
it's they had a ton of money in their treasury.
I think they have like nearly 100 million in their treasury so
or maybe even more so it just seemed like an obvious and that
was when it was trading at 500 million or 600 million now it's.
Saying lower, when you hit me up it was it was 2200 like 150 or
200 million. Fuck, it was like 4 like .004
and like, I literally, I had no idea.
I didn't even look. I just literally started aping
and like clips off like 50K50I was like and then I'm like, all
right, what is this thing? As well, yeah, gaming.
Gaming people didn't spin up a narrative like that, right?
Like we're going to, there's some big gaming coins to come
out for the rest of the year. And I just, I remember this from
2021 like it's so easy to on board people, to gaming
narratives. Like things can get really
crazy. Yeah, I agree with Mando on this
hundred, like that should be a huge, like, we've already seen
it, like 4-3 tokens have come out.
That's nothing. There's so much money waiting to
go into gaming and the like big time went to what like 1 billion
something plus like 10X after launch.
Like imagine that 10X after launch on a like a legitimate
like token, not a meme coin mafia.
It's like an 8 or 9X already. I mean, this is, yeah, it's
going to be huge, all these games coming out.
OK, OK, wow, that's going to be exciting.
The gaming narrative is fucking crazy and it's obviously like it
keeps on, keep it on. Anyways, thank you Wizard for
crashing the show and making a bet with Ovi.
We're excited to see if we hit that.
If we hit that, if we hit that amount, the 100K in in Q1,
honestly that would be fire and something that I would love to
see. What's going on in the NFT
world, What is going on in the NFT world?
I mean let's have a look at digens here to do a quick little
recap. What's going down in the space
you have, you have a lot of stuff rotten still, right, like
pudgies are still above 50K. Ozuki's been running as well on
the on the east side, little pudgies in the eco as well, some
mutant ape sales. But it's just it's just the
overall in the fi market just feels healthy.
I don't know. How do you guys feel about that
in general? It feels, it feels good.
Obviously you look at the top of DJs like most things are down
just because everything grips. Yesterday Pixelmon announced a
partnership with Mutable. They've obviously got a a token
coming. We actually were investors in
that they that's been rising over the last the last few
sessions you have a few things which have tokens on it.
So that parcel that's a that's a real estate platform on on
Solana which has been doing really well, those are up about
40% on the week. The the parcels there you saw
came by pandas obviously been like slightly rising.
Crazy, Yeah. Killer bears have have done like
a 2X over the last week. They're moving to Solana just
like a bit more focused on that whole project.
They've they've obviously got a lot of different assets in their
ecosystem. So I think they have like killer
carbs and a couple of other things which.
Killing it, yeah. Which have started to move.
They had like AI don't know, a tougher period I think for a
while. And then there's been a bunch of
air drops for ordinals holders. You've got two air drops coming
I think, or one of them maybe is has already come.
I think I'm trying to remember the names of them, but if you
were involved in any top ordinals collections, you've
probably got an air drop overnight.
So go check. I think one of them is called
Rune Guardians. I think that's already out and
that is trading. If you go to the second page of
Degens, I think you can you can see it.
It came out maybe yesterday and then there is a.
Is that it? I saw that I didn't get any.
I I saw, Dee said. He received one.
He posted that. There is an AirDrop coming
called Karma which is going to be which is maybe a BRC 20 or
Rune. But Karma AirDrop is coming for
for holders as well. So you're going to get 2 two
different airdrops if you're if you're involved in ordinals at
all. Most of the top collections are
getting them OK bears, they are going to be doing new
collection. I think it's OK dogs.
Remember Magic Eden announced their new marketplace is going
to be on the 27th of February. They put out like a cinematic
trailer alongside board apes that obviously this is the one
that's going to be collect, protecting creator royalties.
And they've obviously hinted at a token or they actually
basically said they're going to get a token for some of these
things. So I expect that could that
launchpad, you could start seeing a lot of different
projects as you said ether rocks.
Another one sold 740 KA huge sale and then it was really just
the tokens. So you see, aiming tokens all
went up a lot yesterday. Zeta is an L1 which went up
yesterday. I'm just talking about some of
the lower cap ones. Mug four O fours bounced.
I think Sagar actually came out with his own token standard
yesterday. So I think the idea of new token
standards to play with ETH between 7:20 ones and ERC 20s I
think is going to be interesting.
But yeah, a lot of stuff going on in the small cap stuff.
Honestly, Amanda, Minutes has been taking me so long to write.
Yeah, right. Because it's just, I know in the
bull market there is just so much going on, so many things
like points fucking air drops, something like it's very very
difficult to to keep up. So yeah, go fucking subscribe If
you haven't subscribed yet, I'm. Wasting.
My this thing. But yeah, it's.
I'll do it. You know what?
The new the collection back then.
It's like this. People cutting their Dicks off.
Oh yeah, it's like. I'll do this.
I'll do it. Remember that that collection in
the last bull market. What was that?
Collection again, so I'll do it.
Oh, that's what it was called and.
It's like like this. And he's like holding his Dick
out with scissors and it was like something like, well, I'll
do it. It was so funny.
Oh my God, dad, maybe an honorary.
So like, there's really like a character of like me with like
scissors cutting my thing off and you can like, change it
every time I found it. I find it hilarious.
Anyways.