1 00:00:00,200 --> 00:00:02,320 Oh, yo-yo, yo, what up? What up? 2 00:00:02,320 --> 00:00:07,720 Good morning. Good morning, GMG. 3 00:00:10,160 --> 00:00:15,520 Thurs. Wednesday Wednesday Wednesday I 4 00:00:15,520 --> 00:00:18,600 just want it to be next week already bro I'm I'm over this 5 00:00:18,600 --> 00:00:24,800 week Wednesday December 18th 202444 look at that another 6 00:00:24,800 --> 00:00:27,560 beautiful day to have a beautiful day. 7 00:00:28,120 --> 00:00:32,720 I got my coat in the house. Tyler Mando, Good morning boys. 8 00:00:32,800 --> 00:00:37,040 How you doing today? I'm doing great. 9 00:00:37,040 --> 00:00:39,640 How are you? It looks like you had a second 10 00:00:39,640 --> 00:00:41,960 take here, like second thought like are you doing great? 11 00:00:42,800 --> 00:00:48,800 Tell me how you really feel. I'm like is it said yesterday I 12 00:00:48,800 --> 00:00:54,120 had a big re evaluation of all my positions overnight, but I 13 00:00:54,120 --> 00:00:55,280 feel good I. Feel good. 14 00:00:55,280 --> 00:00:57,400 Sounds like you're going what I. Did end up doing is shorting a 15 00:00:57,400 --> 00:01:01,600 bunch of things but keeping my core positions. 16 00:01:02,800 --> 00:01:06,960 You're hedging. Hedging with some majors or like 17 00:01:06,960 --> 00:01:12,760 some like I I shorted like I shorted some peanut, I shorted 18 00:01:12,760 --> 00:01:16,800 some XRP shorted some just like just like alts. 19 00:01:17,000 --> 00:01:21,080 Alts went to Duns just putting a a high lower high and I thought 20 00:01:21,520 --> 00:01:23,600 the market could sell off so. We. 21 00:01:23,840 --> 00:01:25,600 Can't pull my positions into shorted other shit. 22 00:01:26,160 --> 00:01:28,680 We call him Mando Monkey now, that's his name. 23 00:01:29,760 --> 00:01:32,400 And or, or or, he's pulling a winter mute. 24 00:01:32,440 --> 00:01:34,960 He's longing spot. He's shorting the lot. 25 00:01:34,960 --> 00:01:39,480 He's shorting on the perps. I just felt as though the 26 00:01:39,480 --> 00:01:41,560 markets do a waffle. Yeah, yeah, yeah. 27 00:01:41,560 --> 00:01:44,200 I mean, it was clear. I think it was a little clearer. 28 00:01:44,200 --> 00:01:45,600 But anyways, we'll talk about that in a minute. 29 00:01:45,600 --> 00:01:48,080 Tyler, Tyler, Tyler, how are you doing today? 30 00:01:49,240 --> 00:01:50,920 Doing well, yesterday was a big day. 31 00:01:50,920 --> 00:01:54,080 I feel like still a little bit in recovery mode from the 32 00:01:54,120 --> 00:01:57,360 emotional roller coaster feeling good. 33 00:01:57,360 --> 00:02:01,760 I mean today might be a bigger day and depending on what Al 34 00:02:01,760 --> 00:02:05,840 says at FOMC, we are either going lower or we're or kicking 35 00:02:05,840 --> 00:02:07,800 off the Santa rally. That that's how I feel. 36 00:02:08,520 --> 00:02:10,440 Let's see, I mean, we're going to discuss that today. 37 00:02:10,440 --> 00:02:12,280 Today I'll show as usual market reports. 38 00:02:12,280 --> 00:02:15,600 Definitely want to talk Powell purple tie or Nah, we'll see 39 00:02:15,600 --> 00:02:18,320 that soon. You know, let's talk about, you 40 00:02:18,320 --> 00:02:22,720 know, Mendo's re, you know, reshuffling of his portfolio and 41 00:02:22,720 --> 00:02:24,520 how he's thinking about it. I think this is a good stuff to 42 00:02:24,520 --> 00:02:26,000 talk about, right? Let's talk about this a little 43 00:02:26,000 --> 00:02:29,000 bit like see where we're at. You know, I'm hearing lights 44 00:02:29,000 --> 00:02:32,280 out, I'm hearing three of the year bear market I'm here ETF 45 00:02:32,320 --> 00:02:34,400 outflows. So like BlackRock bought like 46 00:02:34,400 --> 00:02:36,480 $800 million worth of Bitcoin yesterday. 47 00:02:37,320 --> 00:02:40,920 You know, I'm I'm hearing, you know, top top of the cycle. 48 00:02:41,200 --> 00:02:42,320 I'm hearing about a lot of things. 49 00:02:42,320 --> 00:02:43,640 So we're going to have to discuss that. 50 00:02:44,240 --> 00:02:46,440 Tyler's top 100. I mean, Tyler for sure has a lot 51 00:02:46,440 --> 00:02:48,960 to talk about Pingu aftermath and yesterday was fucking crazy 52 00:02:48,960 --> 00:02:52,200 show. So to shout everybody to come 53 00:02:52,200 --> 00:02:54,880 and it was a lot. We're going to. 54 00:02:59,480 --> 00:03:04,320 Nope. Have you lost me? 55 00:03:04,680 --> 00:03:06,280 He's still on the space. No his. 56 00:03:06,600 --> 00:03:08,840 Wi-Fi has gone down can see him on the here, I'm on the space, 57 00:03:08,840 --> 00:03:10,280 but his video Wi-Fi has gone down. 58 00:03:11,600 --> 00:03:13,720 So I think you you guys could probably just dive into market 59 00:03:13,720 --> 00:03:17,200 to be fair. Do you play the music Sims or? 60 00:03:17,440 --> 00:03:19,680 Yeah, let me let me kick him off with this and then we'll play 61 00:03:19,680 --> 00:03:35,440 the. Can you dig it? 62 00:03:36,520 --> 00:03:38,880 Yeah, GM everyone. So I did say, you know, this 63 00:03:38,880 --> 00:03:44,680 week we have the Fed. the Fed is today almost guaranteed to cut 64 00:03:44,680 --> 00:03:47,040 interest rates. There will be some interest 65 00:03:47,040 --> 00:03:50,400 about what he says during the during the press conference. 66 00:03:50,400 --> 00:03:55,440 It will really just be about whether he talks about Trump's 67 00:03:55,440 --> 00:03:58,240 impact potentially on inflation. I think that would be a pretty 68 00:03:58,240 --> 00:04:01,120 political thing for him to do. But he may end up saying that, 69 00:04:03,720 --> 00:04:06,640 but let's see. And that what, what that would 70 00:04:06,640 --> 00:04:09,000 mean is he may point to the idea that, you know, they might halt 71 00:04:09,000 --> 00:04:11,320 rate cuts that, you know, they're going to be slower on, 72 00:04:11,320 --> 00:04:12,480 on the rate cuts, that sort of stuff. 73 00:04:13,880 --> 00:04:16,160 Personally, that's not the, the, the number one thing I'm looking 74 00:04:16,160 --> 00:04:17,920 for in macro at the moment. The number one thing I'm looking 75 00:04:17,920 --> 00:04:20,920 for in macro at the moment is, is micro strategy stock, just 76 00:04:21,399 --> 00:04:23,400 because I think there's a lot of sensitivity around that at the 77 00:04:23,400 --> 00:04:26,960 moment. Micro strategy as you know is, 78 00:04:26,960 --> 00:04:32,200 is Michael Saylor's vehicle for buying tons and tons and tons of 79 00:04:32,200 --> 00:04:34,840 Bitcoin. He now has over $40 billion of 80 00:04:34,840 --> 00:04:40,560 Bitcoin. I think why this has and and 81 00:04:40,560 --> 00:04:43,680 he's been doing it since 2020. So he's been doing it for four 82 00:04:43,680 --> 00:04:47,560 years now. And originally he he got into 83 00:04:47,560 --> 00:04:49,720 this trade because he had some cash in the balance sheet, he 84 00:04:49,720 --> 00:04:52,160 said buying Bitcoin. Then he realized the stock price 85 00:04:52,160 --> 00:04:54,960 went up, he said to buy more Bitcoin and, and kept going. 86 00:04:56,560 --> 00:05:00,480 What's happened over the last few months is that he basically 87 00:05:00,480 --> 00:05:05,080 said that he would, he wants to raise $42 billion of debt to buy 88 00:05:05,080 --> 00:05:08,200 more Bitcoin. And over the last year, he's 89 00:05:08,200 --> 00:05:13,960 raised about 7 billion, mainly by convertible notes. 90 00:05:13,960 --> 00:05:17,840 And convertible notes, for those not aware, is like a, is a debt 91 00:05:17,840 --> 00:05:20,720 or equity like instrument. If things go wrong, it becomes 92 00:05:21,040 --> 00:05:24,040 a, it becomes a debt instrument. If things go right, it remains 93 00:05:24,040 --> 00:05:26,840 equity. He's raised this a very low 94 00:05:26,840 --> 00:05:31,080 interest rates. And although his average price 95 00:05:31,080 --> 00:05:33,480 now, because he's been buying so much recently, the average price 96 00:05:33,480 --> 00:05:37,400 which which Michael said has bought Bitcoin is now $63,000. 97 00:05:37,760 --> 00:05:41,640 That is up from around 30,000 this time last year. 98 00:05:41,680 --> 00:05:44,960 So it's a big, big increase. That being said, he only has 99 00:05:44,960 --> 00:05:49,400 around 7 billion of debt versus $43 billion of of Bitcoin. 100 00:05:49,400 --> 00:05:53,760 So it would only really become an issue if if Bitcoin dropped 101 00:05:53,760 --> 00:06:01,000 around that 7 billion level. But I think that that whether 102 00:06:01,000 --> 00:06:03,360 that's an issue or not, which I, I severely doubt it will be. 103 00:06:03,960 --> 00:06:07,320 I think the the main issue that the market may have a little 104 00:06:07,320 --> 00:06:10,560 wobble with here is people have been pricing in the fact that 105 00:06:10,640 --> 00:06:14,320 Michael Zeddler wants to buy $42 billion worth of Bitcoin and his 106 00:06:14,320 --> 00:06:17,400 stock currently trades about two XN A/B. 107 00:06:17,400 --> 00:06:24,600 So MicroStrategy stock price, MicroStrategy market cap, what 108 00:06:24,600 --> 00:06:26,720 is it right now? It's around 80 billion, as far 109 00:06:26,720 --> 00:06:31,600 as I'm aware, 92 billion. So he has 42 billion, 43 billion 110 00:06:31,600 --> 00:06:34,120 of Bitcoin. The stock price is at 9092 111 00:06:34,120 --> 00:06:35,960 billion. So you see how it's trading at 112 00:06:35,960 --> 00:06:42,040 2X, how much Bitcoin he has just over 2X and that's allowed him 113 00:06:42,040 --> 00:06:45,920 to issue this these equity like instruments to buy more Bitcoin. 114 00:06:46,520 --> 00:06:54,280 If that's not, if that stock price goes down, which it has 115 00:06:54,280 --> 00:06:57,280 been heading lower, like if you look at the price of micro 116 00:06:57,280 --> 00:07:03,640 strategy it it's actually gone lower over the last few weeks 117 00:07:04,240 --> 00:07:05,960 and notably was down 5% yesterday. 118 00:07:05,960 --> 00:07:07,640 Even with Bitcoin hitting an all time high. 119 00:07:08,880 --> 00:07:11,840 If the price of bit that goes down closer to let's say that 43 120 00:07:11,840 --> 00:07:17,080 billion level, let's say it goes sounds like 50-60 billion, I 121 00:07:17,080 --> 00:07:19,880 think people will question his ability to be able to issue 122 00:07:19,880 --> 00:07:22,680 these securities and buy as much Bitcoin. 123 00:07:22,680 --> 00:07:26,560 So I don't think it's we're at the stage of like this is like a 124 00:07:26,560 --> 00:07:29,000 big, you know, this is going to blow up. 125 00:07:29,560 --> 00:07:33,920 But I think people will begin to question whether the period of 126 00:07:33,920 --> 00:07:37,040 easy money for sailor to do this strategy will be able to 127 00:07:37,040 --> 00:07:39,080 continue. That's kind of where I'm at. 128 00:07:39,720 --> 00:07:41,520 And that's what that's been brewing for a while. 129 00:07:41,720 --> 00:07:44,000 You know, it's been brewing and talked about for a while. 130 00:07:44,200 --> 00:07:46,680 Bitcoins kept on hitting all time highs yesterday. 131 00:07:47,520 --> 00:07:50,520 The Bitcoin Policy Institute basically wrote up a mock 132 00:07:50,800 --> 00:07:53,480 executive order which Trump could sign on day one, making 133 00:07:53,480 --> 00:08:00,080 Bitcoin a a, a strategic asset. So obviously this is not the 134 00:08:00,080 --> 00:08:04,280 time necessarily to say it would blow up, but there's a lot of 135 00:08:04,280 --> 00:08:07,120 sensitivity around that stock price I think at the moment and 136 00:08:07,120 --> 00:08:08,560 I would be paying attention to it. 137 00:08:08,560 --> 00:08:12,920 It is the one thing far more than than the Fed that I think 138 00:08:12,920 --> 00:08:15,520 people will look at if that, if that heads down to like 300 139 00:08:15,520 --> 00:08:18,880 area, I think people will start to freak out slightly. 140 00:08:19,000 --> 00:08:21,760 And I'm telling you right now, it's not really, you don't need 141 00:08:21,760 --> 00:08:23,440 to freak out. He's going to go bankrupt or 142 00:08:23,440 --> 00:08:25,200 anything like that. It would have to fall to like 143 00:08:25,840 --> 00:08:31,360 under $20,000 Bitcoin for him to actually be at risk of like 144 00:08:31,720 --> 00:08:33,960 blowing up. And, and they're not even margin 145 00:08:33,960 --> 00:08:37,320 loans that they're actually just like they're actually unsecured 146 00:08:38,360 --> 00:08:41,440 convertible notes. So like they basically it would 147 00:08:41,440 --> 00:08:43,080 even be difficult for him to blow up in that scenario. 148 00:08:43,080 --> 00:08:46,000 But there'll be questions about his ability to buy Bitcoin. 149 00:08:46,280 --> 00:08:49,920 And I see that as something that will happen at some point over 150 00:08:49,920 --> 00:08:52,080 the next three weeks, 4 weeks maybe. 151 00:08:52,520 --> 00:08:56,000 But I can tell you that is the thing that I think will cause 152 00:08:56,040 --> 00:08:57,760 the correction. And I don't know when it's going 153 00:08:57,760 --> 00:08:59,120 to be, but I think it's going to. 154 00:08:59,120 --> 00:09:02,360 I think that is the thing that but it's worth paying attention 155 00:09:02,360 --> 00:09:04,160 to. So I think the reason why we are 156 00:09:04,160 --> 00:09:08,080 weak today is because of micro strategy stock going down lower 157 00:09:08,080 --> 00:09:11,560 yesterday despite big on hitting an all time high and that's the 158 00:09:11,560 --> 00:09:12,640 only thing I would pay attention to. 159 00:09:14,640 --> 00:09:20,320 No giga, no giga, I'm back. Sorry, I I'm like it's my 160 00:09:20,320 --> 00:09:23,240 Wi-fi's been very bad. Other than that, the strength 161 00:09:23,240 --> 00:09:25,800 seems to still be in AI. Obviously finance is now 162 00:09:25,800 --> 00:09:27,800 listing, so over the next few days, what is this? 163 00:09:27,920 --> 00:09:30,880 Alpha thing can you guys I started this morning is that 164 00:09:30,880 --> 00:09:32,520 new? So they announced it yesterday, 165 00:09:32,520 --> 00:09:37,680 they're going to be announcing 30 coins over the next today, 166 00:09:37,680 --> 00:09:41,960 tomorrow and the day after. Seemingly these coins have so 167 00:09:41,960 --> 00:09:46,520 far have got no futures or spotless, like no services coins 168 00:09:46,520 --> 00:09:48,680 that had no affiliation with Binance before. 169 00:09:50,480 --> 00:09:53,800 And and they announced a few on BNP, but notably, they announced 170 00:09:53,800 --> 00:09:56,480 a few in the AI space across Ethan Soul. 171 00:09:56,480 --> 00:09:59,960 So it was definitely AI focused. But they're basically out of 172 00:09:59,960 --> 00:10:04,080 those 30 coins, they are saying this will probably be our pool 173 00:10:04,080 --> 00:10:08,760 of selection 4 coins that will be get some form of listing, 174 00:10:08,760 --> 00:10:10,400 whether that's futures or spot in the future. 175 00:10:12,640 --> 00:10:16,520 So this I think comes after they got massive criticism for Peanut 176 00:10:16,920 --> 00:10:22,800 and Act and then after that did they do another dodgy listing? 177 00:10:23,160 --> 00:10:24,880 But do you remember they always say they got a lot of heat 178 00:10:24,880 --> 00:10:26,920 around that time? Well there was a whole Nero 179 00:10:26,920 --> 00:10:29,280 thing also where like they listed the Cabal Nero, then the 180 00:10:29,280 --> 00:10:33,400 Mudang enlisted the Sui Mudang. Like SU Dang, there was a lot of 181 00:10:33,400 --> 00:10:36,160 crime going on. It's been a lot of, it's been a 182 00:10:36,160 --> 00:10:38,080 massive shit. Show like that towel, Can we 183 00:10:38,080 --> 00:10:40,960 talk about that towel candle that liquidated people all of a 184 00:10:40,960 --> 00:10:45,000 sudden 50% in like 2 seconds? Like, there's also a lot of 185 00:10:45,000 --> 00:10:46,800 crime happening on perps over there, you know? 186 00:10:47,280 --> 00:10:50,560 There's there's always crime things that this is clearly a 187 00:10:50,560 --> 00:10:53,240 response. The The space has ended. 188 00:10:53,240 --> 00:10:54,560 Oh. Really. 189 00:10:55,640 --> 00:10:58,160 I'm so sorry guys, this is on me but I don't know what to do 190 00:10:58,160 --> 00:11:05,000 about my Wi-Fi anymore. Oh my God, the day we have 191 00:11:05,000 --> 00:11:06,720 galaxies coming on the show too, mind you. 192 00:11:07,200 --> 00:11:09,000 Oh my. God, the galaxies. 193 00:11:09,360 --> 00:11:10,400 Seem this. Thick one. 194 00:11:10,400 --> 00:11:15,040 Yes, yes, this galaxies is coming on the show today and and 195 00:11:15,040 --> 00:11:18,120 I'm and I'm going through all this Wi-Fi bull bullshit. 196 00:11:18,320 --> 00:11:20,560 Let me try again. So four more hour rugged and 197 00:11:20,560 --> 00:11:22,760 back classic. That's the the 1st every rug 198 00:11:22,760 --> 00:11:25,160 videos used to be called rugged and back and then I called. 199 00:11:26,040 --> 00:11:28,160 The bull, the true bull market is, is here. 200 00:11:28,160 --> 00:11:30,160 Maybe it's a sign? For I'm never going to run out 201 00:11:30,160 --> 00:11:33,240 of business, that's for sure. All right, now I'll connect the 202 00:11:33,240 --> 00:11:34,600 road caster. Tyler, you can disconnect 203 00:11:34,600 --> 00:11:36,320 everything here. I'll connect that way when you 204 00:11:36,320 --> 00:11:40,800 have to go in 10, you're sorted. OK, so we're back, Sims. 205 00:11:40,800 --> 00:11:43,200 I started new spaces. Sorry, guys, Sorry. 206 00:11:43,200 --> 00:11:46,720 I don't even know why it ended it, but it is what it is, right? 207 00:11:47,400 --> 00:11:51,280 So we'll just run it back, you know, run it back turbo. 208 00:11:51,280 --> 00:11:53,520 Wow. But when I started rock radio, 209 00:11:53,520 --> 00:11:56,440 they used to say that the name may become irrelevant once 210 00:11:56,440 --> 00:12:00,240 Twitter fixes spaces. And we're three years later and 211 00:12:01,320 --> 00:12:02,760 seemingly spaces have not been fixed. 212 00:12:02,760 --> 00:12:07,920 So I think the name will become stay relevant for decades. 213 00:12:09,160 --> 00:12:12,000 Thank you to come. Hold on, let me let me fix that. 214 00:12:12,000 --> 00:12:13,160 There's still a lot of people on videos. 215 00:12:13,160 --> 00:12:15,040 What's up y'all? I know a lot of people tend to 216 00:12:15,040 --> 00:12:17,360 move. Tyler's got 10 minutes. 217 00:12:17,360 --> 00:12:20,000 Shall we hit his Tyler's alts? There you go, go through it. 218 00:12:20,280 --> 00:12:22,480 Yeah, let's go through that and then let's keep discussing the 219 00:12:22,480 --> 00:12:23,840 rest. Tyler's going to run. 220 00:12:23,840 --> 00:12:27,640 So one second. Can you guys hear me in there? 221 00:12:27,640 --> 00:12:31,560 Just do me a favour, everybody listening just just like share 222 00:12:31,560 --> 00:12:33,840 this, you know, share, retweet, tell the people who are back 223 00:12:33,840 --> 00:12:36,320 live, etcetera. Obviously Robert, loot box 224 00:12:36,320 --> 00:12:37,920 pains, blah, blah, blah happening today. 225 00:12:37,920 --> 00:12:40,720 Don't worry, we got, I've been setting up the loot box, so 226 00:12:40,720 --> 00:12:43,200 we've got all this good stuff, all right, and. 227 00:12:54,920 --> 00:12:57,080 All right, our top story, I'm going to give it to our Pingu's 228 00:12:57,080 --> 00:13:00,560 Pingu went live for trading seeing over 2 1/2 billion 229 00:13:00,560 --> 00:13:06,080 dollars in volume holding now right around 3 billion in FTV, 230 00:13:06,080 --> 00:13:09,200 notably with over 400,000 holders already. 231 00:13:09,600 --> 00:13:13,040 So a good first day in political crypto news, we saw Senator 232 00:13:13,040 --> 00:13:17,080 Cynthia Loomis say that 2025 will be the year for Bitcoin and 233 00:13:17,080 --> 00:13:18,880 digital assets. She's bowing to work with 234 00:13:18,880 --> 00:13:21,840 cryptosar David Sacks to help make a legal framework for the 235 00:13:21,840 --> 00:13:24,840 crypto industry and the strategic Bitcoin Reserve have. 236 00:13:25,680 --> 00:13:28,440 We saw that on the same day that the US Senate Banking Committee 237 00:13:28,440 --> 00:13:32,200 abandoned its efforts to advance anti crypto Caroline Crenshaw 238 00:13:32,200 --> 00:13:35,960 for the SEC commissioner job. We saw an Ohio Rep Derek Marin 239 00:13:35,960 --> 00:13:38,800 introduced an Ohio Bitcoin Reserve act for that state 240 00:13:38,800 --> 00:13:41,000 yesterday. And then as Mando mentioned, 241 00:13:41,000 --> 00:13:44,000 Bitcoin magazine CEO David Bailey and the Bitcoin org 242 00:13:44,600 --> 00:13:47,360 setting up their own potential strategic reserve bill. 243 00:13:47,360 --> 00:13:51,560 So a lot happening on that front in token AirDrop and protocol 244 00:13:51,560 --> 00:13:52,440 news. Of course, we had the Pingu 245 00:13:52,440 --> 00:13:54,160 token. We also had that nifty Island 246 00:13:54,160 --> 00:13:57,280 Island token that went live. I saw it right around a 50 247 00:13:57,280 --> 00:13:58,760 million FTV. This morning. 248 00:13:58,960 --> 00:14:03,320 Fuel announced a token AirDrop for its 200,000 eligible users. 249 00:14:03,840 --> 00:14:07,640 Kraken Soft launched its new L2 Inc with its stated goal of 250 00:14:07,640 --> 00:14:10,480 enabling access to D5 from a trusted OG. 251 00:14:10,760 --> 00:14:13,800 Then Moon Pay announced that Moon Shot broke its single day 252 00:14:13,800 --> 00:14:17,040 on ramp record yesterday, perhaps tied to that Pingu 253 00:14:17,160 --> 00:14:19,400 launch. In AI and crypto news, the 254 00:14:19,400 --> 00:14:23,520 overall AI market cap was up 10% even on a a broader red day at 255 00:14:23,520 --> 00:14:26,400 10.8 billion. Most leaders slightly green. 256 00:14:26,600 --> 00:14:30,120 As Mano mentioned, Binance Alpha showcased Fart Coin, AI16Z, and 257 00:14:30,120 --> 00:14:33,640 AIXPT in their new product, leading to speculation about 258 00:14:33,640 --> 00:14:36,440 potential future listings. Zods was the top mover, jumping 259 00:14:36,440 --> 00:14:40,320 100% to 15,000,000. Nikita Iomonica grift means AI 260 00:14:40,320 --> 00:14:44,520 arc all up 20 to 40%. Fart Coin Agent and AI XPT still 261 00:14:44,520 --> 00:14:48,880 leading mindshare growth in AI. In the broader meme coin and NFT 262 00:14:48,880 --> 00:14:52,360 sector, meme coin majors are red down a bit more than majors. 263 00:14:52,360 --> 00:14:54,080 It seems like that trend continues. 264 00:14:54,720 --> 00:14:57,320 Pingu dominated slot on meme coin action, but UFD this 265 00:14:57,320 --> 00:15:01,520 Unicorn part dust surprise runner of the day ran zero to 50 266 00:15:01,520 --> 00:15:04,280 million in 12 hours. So Congrats to anyone who hit 267 00:15:04,280 --> 00:15:06,680 that Rex. Shout to Rex, another new all 268 00:15:06,680 --> 00:15:09,960 time high yesterday. Over 130 million continues to 269 00:15:09,960 --> 00:15:14,040 grind up Ethereum and a tease $100 million in volume on the 270 00:15:14,040 --> 00:15:15,080 day. For some perspective, I'm 271 00:15:15,080 --> 00:15:18,080 tweeting this out. We were seeing 2 to $4 million 272 00:15:18,080 --> 00:15:21,320 per day back October 3rd was a $2.4 million day. 273 00:15:21,640 --> 00:15:25,120 We did $100 million in NMT volume yesterday, so a notable 274 00:15:25,120 --> 00:15:27,680 uptick. ETH NMT leaders though mostly 275 00:15:27,680 --> 00:15:30,040 read on the day in the aftermath of Pingu. 276 00:15:30,080 --> 00:15:35,240 Besides punks, Punks up 2% back over 40 ETH and but to be when 277 00:15:35,240 --> 00:15:39,720 NM TS they are down from 32 to 17.5 though that shouldn't be a 278 00:15:39,720 --> 00:15:41,760 surprise. Basically fell the amount of the 279 00:15:41,760 --> 00:15:44,720 AirDrop. Wow, OK. 280 00:15:45,120 --> 00:15:47,720 There's a lot going on here. I'd love to see that. 281 00:15:47,720 --> 00:15:50,600 I mean, where to even start? I mean, I guess just quickly 282 00:15:50,600 --> 00:15:53,120 towards on the Pango aftermath because we were in the thick of 283 00:15:53,120 --> 00:15:55,280 it yesterday, right when we're hosting to thousands of people. 284 00:15:55,800 --> 00:15:58,400 What do you guys think? So I think, I think everything 285 00:15:58,400 --> 00:16:00,480 went well, right? Like bounce back to 3 billion. 286 00:16:00,920 --> 00:16:02,760 I think above everyone's expectations. 287 00:16:03,000 --> 00:16:06,120 I think most expectations, like in the 1-2 billion mark, it 288 00:16:06,120 --> 00:16:07,880 opened at 14 trillion. I think nobody could have called 289 00:16:07,880 --> 00:16:12,040 that and now sitting at 3 billion comfy with almost half a 290 00:16:12,040 --> 00:16:14,040 million on chain holders. I mean, what do you guys think? 291 00:16:14,040 --> 00:16:16,080 Positive, negative, like what do you think of the aftermath? 292 00:16:16,560 --> 00:16:18,520 Yeah, I think it has to be positive. 293 00:16:18,520 --> 00:16:21,800 I think the the psychology of this is just so interesting and 294 00:16:21,800 --> 00:16:24,600 it's so tied to that early price action. 295 00:16:24,760 --> 00:16:27,800 It's like when we were first having our early conversations, 296 00:16:27,800 --> 00:16:30,160 we were targeting 500 million to a billion for. 297 00:16:30,160 --> 00:16:32,200 This. Then we raised our targets to 298 00:16:32,200 --> 00:16:36,200 1:00 to 2:00 and then we saw the pre Market Volume and of course 299 00:16:36,200 --> 00:16:40,480 like I'm susceptible to that. It's trading at 4 to 5 billion 300 00:16:40,640 --> 00:16:43,920 which it did open at. But then like it it opened that 301 00:16:43,920 --> 00:16:48,160 high and then it goes down only for 12 hours and that hurts 302 00:16:48,160 --> 00:16:50,960 mindset. And it just kind of made it 303 00:16:50,960 --> 00:16:53,200 like, it kind of rained on the parade a little bit just to be 304 00:16:53,280 --> 00:16:54,320 honest, right? Like. 305 00:16:54,720 --> 00:16:56,400 This, you're the one who did this. 306 00:16:56,400 --> 00:16:59,200 What did he do? I love it. 307 00:16:59,320 --> 00:17:01,840 Like I can't believe everyone was calling for, you're the one 308 00:17:01,840 --> 00:17:04,079 calling for like 10 billion on the first day. 309 00:17:04,280 --> 00:17:07,400 I love that we love our moon boy Tyler. 310 00:17:07,560 --> 00:17:09,520 Many such cases. Many such cases. 311 00:17:09,520 --> 00:17:12,319 Tyler feels like Farouk in 2021 bro come on. 312 00:17:12,359 --> 00:17:14,640 Like, you know, I love it like that. 313 00:17:15,040 --> 00:17:18,079 It does feel like we're putting the the old igloo pattern on the 314 00:17:18,079 --> 00:17:20,160 chart here, so it's grinding back up. 315 00:17:20,800 --> 00:17:22,800 It's looking good, dude. It's looking good. 316 00:17:23,119 --> 00:17:24,560 It's looking Amanda. What do you think? 317 00:17:24,560 --> 00:17:26,319 What's what's your TLDR in the aftermath? 318 00:17:26,319 --> 00:17:27,319 You were there, you were the thick of it. 319 00:17:27,319 --> 00:17:29,400 You were with us. She's looking good. 320 00:17:30,000 --> 00:17:32,120 I'm at 1 billion and going to 3 billion. 321 00:17:32,200 --> 00:17:34,080 We'd all be you for it. Exactly. 322 00:17:34,320 --> 00:17:37,440 Billion is a massive win. Like is a like. 323 00:17:37,440 --> 00:17:40,680 Put in perspective, this is higher than bunk and with right 324 00:17:43,320 --> 00:17:45,040 I think the biggest meme coin on Solana. 325 00:17:45,680 --> 00:17:50,480 Fuck, it's true. Not by market cap, but by FDVI. 326 00:17:50,480 --> 00:17:53,560 Think yes. I think it oh. 327 00:17:53,560 --> 00:17:57,480 Why is it not on? I think it's a big. 328 00:17:58,280 --> 00:18:01,320 No, it's a 2 billion market cap, is it? 329 00:18:01,720 --> 00:18:03,440 Oh, I mean, if you're looking at circulating supply, right, that 330 00:18:03,440 --> 00:18:04,520 number's a little fuzzy. Oh. 331 00:18:05,160 --> 00:18:07,680 I don't know then. Look, I know what you mean, OK? 332 00:18:08,240 --> 00:18:10,520 It's the highest, it's the highest market cap coin, which 333 00:18:10,520 --> 00:18:14,080 is just a massive win. Like it's the fact that an NFT 334 00:18:14,080 --> 00:18:17,840 community has come through and done that is like huge. 335 00:18:18,000 --> 00:18:21,760 It can go down 30 percent, 40%. There would still be a massive 336 00:18:21,760 --> 00:18:23,320 win. It's basically what I'm saying 337 00:18:23,600 --> 00:18:27,960 like don't sit here and be like, oh, like anything from here is 338 00:18:27,960 --> 00:18:29,480 great. Anything above 1 billion. 339 00:18:29,480 --> 00:18:31,440 I think it was a massive, massive win in my opinion. 340 00:18:31,800 --> 00:18:34,720 I do think that, you know, it's been a tough period for Solano 341 00:18:34,720 --> 00:18:37,680 mean coins. Weirdly, today feels not as bad 342 00:18:37,680 --> 00:18:42,640 as like like I said that altcoin versus Seoul trade seems to be 343 00:18:42,640 --> 00:18:45,480 reversing slightly. Seoul is putting in like maybe 344 00:18:45,520 --> 00:18:48,160 like strength and so sole ecosystem coins and maybe it 345 00:18:48,160 --> 00:18:52,400 holds up better, but it's not going to be like if it goes down 346 00:18:52,400 --> 00:18:54,120 to 2 billion. I don't think it's like anything 347 00:18:54,120 --> 00:18:57,280 wrong with with Luca or what they've done or anything like 348 00:18:57,280 --> 00:19:01,200 that. Like it's it having a $3 billion 349 00:19:01,800 --> 00:19:04,400 salon, a meme coin like that's so difficult to do with the 350 00:19:04,400 --> 00:19:06,840 amount of like dilution. New coins come out every single 351 00:19:07,400 --> 00:19:10,720 two days, you know, like I, I think it would be a huge win if 352 00:19:10,720 --> 00:19:12,960 they just consolidate around this level for a while. 353 00:19:13,240 --> 00:19:17,000 And then I would imagine around abstract you maybe get another, 354 00:19:17,880 --> 00:19:22,680 you get a second win for this. But I, I, I personally, I, I 355 00:19:22,680 --> 00:19:24,720 would also just be like count your count your chickens. 356 00:19:24,720 --> 00:19:29,360 Like this has been great. You can moon boy, but like I I 357 00:19:29,360 --> 00:19:32,040 wouldn't be like don't have it that as your expectation. 358 00:19:32,040 --> 00:19:34,760 Have that as like a hope for than expectation. 359 00:19:35,840 --> 00:19:38,200 Yeah, that's, that's fair. I mean we saw the Pudges went 360 00:19:38,200 --> 00:19:42,480 going on to what 1415 bounce back to about 1780 where they 361 00:19:42,480 --> 00:19:46,440 are standing here. So, so, so it's looking good. 362 00:19:46,440 --> 00:19:49,040 Overall, I think it was a great success and a big win for the 363 00:19:49,040 --> 00:19:52,520 industry as a whole, even with the market, you know, puking, 364 00:19:53,040 --> 00:19:54,840 right? It was puking before the fact. 365 00:19:54,960 --> 00:19:57,240 Yesterday was a good day for Seoul, but you know, puked again 366 00:19:57,240 --> 00:19:59,840 today and we're still looking pretty strong out there. 367 00:19:59,840 --> 00:20:01,960 Tyler, I know we only have you for a couple more minutes. 368 00:20:02,360 --> 00:20:05,880 What were your top stories here? Yeah, I mean, Pingo was the big 369 00:20:05,880 --> 00:20:07,400 one. They just, they just crossed 370 00:20:07,760 --> 00:20:10,840 1,000,000 claims. So shout out and and their tech 371 00:20:10,840 --> 00:20:13,640 team, right that that's a lot. And there was headaches during 372 00:20:13,640 --> 00:20:18,480 the claim yesterday largely due to that tremendous volume. 373 00:20:20,400 --> 00:20:24,320 You know, I guess we haven't really talked about the AI 374 00:20:24,320 --> 00:20:27,360 sector very much lately. Perhaps we could spend a couple 375 00:20:27,360 --> 00:20:28,600 minutes on that. Yeah. 376 00:20:29,000 --> 00:20:31,840 If you had the AI watch list pulled up, I mean. 377 00:20:31,840 --> 00:20:34,880 Oh no, we did our fart show last week. 378 00:20:34,920 --> 00:20:36,480 Fart coins $0.90. It's a fart. 379 00:20:36,880 --> 00:20:40,000 At this stage. We almost did a billion dollars 380 00:20:40,000 --> 00:20:42,200 this morning. And like when this gets to a 381 00:20:42,200 --> 00:20:45,680 dollar, dollar fart coins, like that's going to be viral. 382 00:20:46,840 --> 00:20:49,120 And now people are already talking like is, is Powell going 383 00:20:49,120 --> 00:20:51,520 to mention fartcoin at the at the FOMC? 384 00:20:51,520 --> 00:20:52,960 I think there's a market for that. 385 00:20:55,720 --> 00:20:59,680 Is running with that like crazy. Terrified people are going nuts 386 00:20:59,680 --> 00:21:01,600 with this. I think it's just going to get 387 00:21:01,600 --> 00:21:05,960 louder. I do think in the more 388 00:21:05,960 --> 00:21:10,880 traditional, like pure AI plays AI 16 ZI think that they're 389 00:21:10,880 --> 00:21:13,800 starting to to be more strongly seen as a PowerPoint. 390 00:21:16,720 --> 00:21:18,760 They're they're grinding up. They're on they were on Binance 391 00:21:18,760 --> 00:21:21,280 alpha. They they just minted that 392 00:21:21,280 --> 00:21:23,280 Stanford partnership. And of course, there's the whole 393 00:21:23,280 --> 00:21:26,800 question of what does it mean for the token, the virtual token 394 00:21:26,800 --> 00:21:27,880 model. Oh, that that's actually 395 00:21:27,880 --> 00:21:29,800 interesting. Perhaps we'll go back to that. 396 00:21:29,800 --> 00:21:32,080 So Amanda, you know, you and I have been like having this, you 397 00:21:32,080 --> 00:21:34,920 know, this discussion, not even a debate because we were on the 398 00:21:34,920 --> 00:21:40,160 same side. Why was virtual worth 4X what 399 00:21:40,160 --> 00:21:43,640 AI16Z was? And that didn't really make a 400 00:21:43,640 --> 00:21:47,680 whole lot of sense to us. I got a lot of feedback on that. 401 00:21:48,360 --> 00:21:50,040 I'm trying to find the the post right now. 402 00:21:50,040 --> 00:21:51,640 Yeah. So basically people are saying 403 00:21:52,320 --> 00:21:56,520 virtual as an agent launchpad with agents priced in their 404 00:21:56,520 --> 00:22:00,400 token basically makes it like an L1 and people are pricing 405 00:22:00,400 --> 00:22:03,520 virtual like an L1. They're pointing it to having 406 00:22:03,520 --> 00:22:06,800 better tokenomics and a true use for the virtual token versus 407 00:22:06,880 --> 00:22:10,520 AI16Z, which at this point in time does not have a pure use 408 00:22:10,520 --> 00:22:13,720 case for the token. People also pointed to less 409 00:22:13,720 --> 00:22:17,200 competition dilution on base, perhaps plus potential Coinbase 410 00:22:17,200 --> 00:22:19,360 support. And then also just the lingering 411 00:22:19,360 --> 00:22:23,640 negative sentiment around Shaw. I think the Shaw sentiment 1, I 412 00:22:23,640 --> 00:22:25,960 think that was real up to a point in time. 413 00:22:25,960 --> 00:22:29,480 But I think there's also, you know, and once the number goes 414 00:22:29,480 --> 00:22:32,240 high enough, people kind of shake off negative sentiment. 415 00:22:32,680 --> 00:22:39,280 Yeah, I think both of them. AI16Z has massive uses of Eliza, 416 00:22:39,600 --> 00:22:43,320 but the uses of a token appears to be around like an AI hedge 417 00:22:43,320 --> 00:22:46,880 fund. Virtuals has a very good token 418 00:22:46,960 --> 00:22:50,600 built token ecosystem, but quite simply isn't seeing a huge 419 00:22:50,600 --> 00:22:55,840 amount of tokens being created like good framework, but doesn't 420 00:22:55,840 --> 00:22:58,120 necessarily have the users at this station. 421 00:22:58,120 --> 00:22:59,840 That might change. That might change. 422 00:23:02,080 --> 00:23:04,680 But yeah, I think both, neither of them are perfect, right? 423 00:23:04,680 --> 00:23:08,800 Like if it was Eliza built on Virtuals, then that would be 424 00:23:08,800 --> 00:23:13,280 great. But the virtual numbers really 425 00:23:13,280 --> 00:23:14,640 dropped off. I haven't looked back at that. 426 00:23:14,640 --> 00:23:18,040 Back at them recently, June. Yeah, I looked at it. 427 00:23:18,440 --> 00:23:21,280 They're down substantially. But then I also got feedback 428 00:23:21,280 --> 00:23:23,520 from folks that that is a feature and not a bug. 429 00:23:23,520 --> 00:23:28,080 They're actually trying to more do more curated one to two good 430 00:23:28,080 --> 00:23:32,320 agent launches per week, which I that's, I would agree doing 431 00:23:32,320 --> 00:23:34,840 that, but that then that people are pointing to the revenue 432 00:23:34,840 --> 00:23:36,800 number as well. So they did $40 million in 433 00:23:36,800 --> 00:23:38,640 revenue. So like your revenue is going to 434 00:23:38,640 --> 00:23:41,040 fall off a Cliff if you're doing curated launches. 435 00:23:41,040 --> 00:23:43,880 Like for example, yeah, so sorry, just to check, but like 436 00:23:43,880 --> 00:23:48,200 they were making 2 million a day a month ago and now they're 437 00:23:48,200 --> 00:23:53,400 making 100 KA day back today. It's 27 grand they've made so 438 00:23:53,440 --> 00:23:56,160 far. So like it is a massive drop off 439 00:23:56,200 --> 00:23:58,800 in revenue. It's not just a drop off in in 440 00:23:59,040 --> 00:24:01,640 yeah, I agree the quality of the tokens, the quality of the 441 00:24:01,640 --> 00:24:04,680 agents might have increased, but like every was everyone was 442 00:24:04,680 --> 00:24:08,200 pointing to the revenue figure when it was when it was spam 443 00:24:08,200 --> 00:24:11,000 right. So you can't have it both ways. 444 00:24:11,000 --> 00:24:12,800 You can't be like this should be priced at this level and then 445 00:24:12,800 --> 00:24:14,840 when the revenue goes down by literally. 80%. 446 00:24:15,640 --> 00:24:18,760 You go like, oh, well, yeah, no, no, no, it's it's it'll still 447 00:24:18,760 --> 00:24:21,400 works. Virtuals has potential but it's 448 00:24:21,400 --> 00:24:23,240 really dropping off in the amount of people using it. 449 00:24:24,680 --> 00:24:30,560 And AI16Z has massive potential, but the token, I still just 450 00:24:30,560 --> 00:24:32,480 don't understand how they're going to marry the token. 451 00:24:32,480 --> 00:24:34,600 And what I I thought was very interesting even with that 452 00:24:34,600 --> 00:24:38,120 announcement And not to get too funny, although like I'm a much 453 00:24:38,120 --> 00:24:39,840 more fan of the memes like popcorn and GOAT. 454 00:24:40,640 --> 00:24:42,720 But the the deal was with Eliza Labs. 455 00:24:43,600 --> 00:24:48,040 I, I hadn't heard of Eliza Labs before before yesterday. 456 00:24:48,640 --> 00:24:50,320 And that's kind of an interesting point, right? 457 00:24:50,320 --> 00:24:52,240 Like there could be an Eliza Labs token. 458 00:24:52,600 --> 00:24:55,720 You mean the the the announcement of Stanford that 459 00:24:55,720 --> 00:24:57,320 was with Eliza Labs? Yeah, that. 460 00:24:57,560 --> 00:24:59,240 One, but that Eliza has a token, by the way. 461 00:24:59,240 --> 00:25:00,320 What? What a chart. 462 00:25:00,360 --> 00:25:01,680 Not gonna lie, that's kind of nice. 463 00:25:02,080 --> 00:25:05,200 Eliza, this is this is just a meme coin. 464 00:25:05,960 --> 00:25:08,040 That's why this is all. This is why it is messing. 465 00:25:08,040 --> 00:25:09,120 I agree with you like these are yes. 466 00:25:09,520 --> 00:25:12,920 So yes, see every time he gets talk about this AI16Z stuff, 467 00:25:12,920 --> 00:25:15,720 well I appreciate the fact that it's clearly it sounds like a 468 00:25:15,720 --> 00:25:18,880 leader. I'm so confused about all the 469 00:25:19,080 --> 00:25:21,680 token ecosystem around it. Yeah. 470 00:25:21,680 --> 00:25:23,360 So, so I can break it down for you right now. 471 00:25:23,480 --> 00:25:29,320 So you have, they basically have an open source framework called 472 00:25:29,320 --> 00:25:33,080 Eliza, right, which is you can get on GitHub, which means 473 00:25:33,120 --> 00:25:35,320 anyone can build upon it. And people have been building up 474 00:25:35,320 --> 00:25:38,440 on this unbelievable amounts with open source code. 475 00:25:38,440 --> 00:25:40,840 Anyone can build upon it. You can fork it. 476 00:25:40,840 --> 00:25:43,320 You can create variants in the same way that like Uniswap, for 477 00:25:43,320 --> 00:25:46,080 example, is an open source and like people create very various 478 00:25:46,080 --> 00:25:49,280 variants of it for like sushi swap or that sort of stuff. 479 00:25:49,280 --> 00:25:50,840 Like you can create other versions of it. 480 00:25:50,840 --> 00:25:52,840 So you can actually, you can actually just take everything 481 00:25:52,840 --> 00:25:54,280 that they've built. It's open source. 482 00:25:54,560 --> 00:25:58,680 That's where these these the majority of AI 16 originally. 483 00:25:58,960 --> 00:26:06,440 So yeah, fifteen 1500 fork. Someone just said now AI16Z the 484 00:26:06,440 --> 00:26:07,840 token. Was. 485 00:26:08,120 --> 00:26:11,640 Only created upon that framework like they created an agent and 486 00:26:11,640 --> 00:26:17,920 they created an agent called P It's like an AI version of and 487 00:26:17,920 --> 00:26:21,920 Andreessen, right? Mark Andreessen called P Mark. 488 00:26:22,640 --> 00:26:25,000 AI Yeah, yeah, you. Get what I'm trying to say? 489 00:26:26,040 --> 00:26:29,440 And the point of that token is they're trying to create the 490 00:26:29,440 --> 00:26:32,600 first on chain hedge fund, they're trying to get his AI 491 00:26:32,600 --> 00:26:32,960 hedge. Fund. 492 00:26:32,960 --> 00:26:34,640 That's the whole AI16Z idea, right? 493 00:26:35,000 --> 00:26:36,680 Exactly. Is that the Treasury goes up, 494 00:26:36,680 --> 00:26:38,840 it's a Dow and then we're going to be able to have a non change 495 00:26:38,840 --> 00:26:40,000 funded. Right. 496 00:26:40,040 --> 00:26:42,840 Which trade? And like that is the purpose of 497 00:26:42,840 --> 00:26:44,680 AI16Z. Yes, I remember that. 498 00:26:45,040 --> 00:26:47,600 In the future, there is some hope that like maybe all the 499 00:26:47,600 --> 00:26:49,760 other stuff that's going on Eliza that can be brought back 500 00:26:49,760 --> 00:26:52,200 to AI16Z. That's kind of why it trades up 501 00:26:52,200 --> 00:26:54,200 and people see it as a quasi infrastructure play. 502 00:26:54,560 --> 00:26:57,080 But there's nothing, there's nothing set in stone. 503 00:26:57,080 --> 00:27:01,160 Like they did get sent some coins by people who who launched 504 00:27:01,440 --> 00:27:04,320 using Eliza and they've got sent to the Dow. 505 00:27:04,320 --> 00:27:06,520 So originally I think the Dow is like 10 million of assets right 506 00:27:06,520 --> 00:27:08,040 now. And some of that is coined to a 507 00:27:08,040 --> 00:27:10,360 made using Eliza. But there's nothing forcing 508 00:27:10,360 --> 00:27:12,160 people to do it. It's not like you have to send 509 00:27:12,160 --> 00:27:14,160 tokens. It's just like as a gift 510 00:27:14,160 --> 00:27:16,680 essentially for using, using our framework. 511 00:27:17,160 --> 00:27:21,720 And secondly, and the main bit of it in the future is going to 512 00:27:21,720 --> 00:27:24,320 be, hey, we're going to create these financial AI agents that 513 00:27:24,320 --> 00:27:28,320 are going to trade for you and like they'll be able to like 514 00:27:28,320 --> 00:27:32,040 basically be a hedge fund which could rival A16Z. 515 00:27:32,960 --> 00:27:38,760 OK, so, so a, and This is why it's so confusing because I 516 00:27:38,760 --> 00:27:43,040 think people think Eliza equals AAI 16Z and actually it doesn't. 517 00:27:43,720 --> 00:27:48,240 Now separately, there is an Eliza coin and the Eliza coin is 518 00:27:48,240 --> 00:27:51,120 something even more different. So the Eliza coin, there was two 519 00:27:51,120 --> 00:27:56,320 of them in the early days of this, this Eliza framework, they 520 00:27:56,320 --> 00:27:57,960 created various different people, right? 521 00:27:57,960 --> 00:28:00,280 They created an AI version of Deaton Spartan. 522 00:28:00,280 --> 00:28:03,560 They created an AI version of and Marc Andreessen, which is 523 00:28:03,560 --> 00:28:08,160 why you got AI16Z and they created the original mascot for 524 00:28:08,560 --> 00:28:11,360 for A16Z was this Eliza woman. You know you've seen her. 525 00:28:11,920 --> 00:28:13,800 With the big tits. Yeah, that's the one. 526 00:28:13,920 --> 00:28:15,480 I thought that was the AI16Z's logo. 527 00:28:15,480 --> 00:28:16,840 See. It's so confusing. 528 00:28:17,160 --> 00:28:19,880 But it is it is the logo, but like it's meant to be this like 529 00:28:20,080 --> 00:28:22,160 anime character. Got it, got it, got it. 530 00:28:22,160 --> 00:28:24,640 Got. It and they and somebody else 531 00:28:24,640 --> 00:28:29,240 created one and the team created one at this like within 24 hours 532 00:28:29,240 --> 00:28:31,520 of each other basically. Got it, got it, got it. 533 00:28:31,520 --> 00:28:34,440 That's when the fun happened and that it dropped like 50%, right? 534 00:28:34,520 --> 00:28:37,320 But that token doesn't really do anything other than just being 535 00:28:37,320 --> 00:28:41,680 like a a representative of that Eliza person. 536 00:28:42,560 --> 00:28:43,760 Yeah. Got it. 537 00:28:43,800 --> 00:28:46,240 OK, this makes perfect sense. So if anyone had any doubts on 538 00:28:46,240 --> 00:28:49,320 the whole AI16Z and Eliza stuff, we should even clip that. 539 00:28:49,320 --> 00:28:52,640 But that's great explanation of what exactly these different 540 00:28:53,120 --> 00:28:53,920 tokens are. What? 541 00:28:53,920 --> 00:28:56,000 What are you liking here? Still on the AI board, right? 542 00:28:56,720 --> 00:28:59,600 Personally speaking, I do not consider fart coin a mean AI 543 00:28:59,600 --> 00:29:01,680 coin at all anymore. I think it's transcended that 544 00:29:01,680 --> 00:29:03,200 like even now. I was just sharing something 545 00:29:03,200 --> 00:29:06,000 dude. Like this huge like these track 546 00:29:06,000 --> 00:29:08,680 fight guys bro, they have massive followings right? 547 00:29:09,320 --> 00:29:12,480 And they're like shilling the hell out of fart coin, which is 548 00:29:12,480 --> 00:29:15,040 really why like this Venn guy just now, like I was just 549 00:29:15,080 --> 00:29:17,840 scrolling through my screen, like this guy's like the one Fed 550 00:29:17,840 --> 00:29:20,240 reporter with the civic courage to ask Powell about four coin 551 00:29:20,240 --> 00:29:23,920 today will be the hero we need. That was before the show, OK. 552 00:29:24,440 --> 00:29:28,200 And and when you look at this guy right, there's a 400,000 553 00:29:28,200 --> 00:29:32,040 followers. Yeah, look, I think far coin is 554 00:29:32,120 --> 00:29:33,600 clearly gone mainstream. It's. 555 00:29:34,200 --> 00:29:36,400 No longer an AI like token right? 556 00:29:36,920 --> 00:29:39,600 I think it's it's that's the great thing about it is that it 557 00:29:39,600 --> 00:29:42,840 does have many layers. Like it is a coin on mainstream. 558 00:29:42,840 --> 00:29:45,120 And then when people start look at they're like, Oh, crap, this 559 00:29:45,120 --> 00:29:48,040 is actually created by an AI. Like that's kind of cool, right? 560 00:29:49,520 --> 00:29:54,040 So I think it's an AI coin in the long term and probably a you 561 00:29:54,040 --> 00:29:55,680 know, it's like a shop coin in the short term. 562 00:29:55,800 --> 00:29:58,720 Like one of these, like we said, like Harry Potter, Obama, Sonic 563 00:29:58,720 --> 00:30:02,960 Teddy knew like it's a it's a similar sort of feeling to it in 564 00:30:02,960 --> 00:30:05,400 that like it's kind of hilarious. 565 00:30:05,400 --> 00:30:09,800 So you just want to buy it and it's on mainstream, but I think 566 00:30:09,880 --> 00:30:13,920 it's just really, yeah, I still think that memes as tokens are 567 00:30:13,920 --> 00:30:17,600 the ones that I get the most. I still find the most bullish. 568 00:30:17,600 --> 00:30:18,960 Like obviously I'm still bullish on GO. 569 00:30:18,960 --> 00:30:22,520 I'm still bullish on Fart coin. Goat feels pretty bottomed here 570 00:30:22,840 --> 00:30:29,720 inshallah, but I I agree. Plays throughout all this, I 571 00:30:30,400 --> 00:30:35,560 was, I was a bit in AAI 16Z and I don't, but I just, I lost my 572 00:30:35,840 --> 00:30:39,320 train of thought about why, like whether the token was really 573 00:30:39,320 --> 00:30:40,520 you. Bottomed that though. 574 00:30:40,520 --> 00:30:43,040 You were on Trey Guy's stream at 150 mil. 575 00:30:43,160 --> 00:30:46,120 You called for the bottom. Like actual stone cold bottom. 576 00:30:46,680 --> 00:30:47,560 I was there. I listened. 577 00:30:48,200 --> 00:30:51,560 But I sold it for FARC coin. Yeah, I mean, that's not a bad 578 00:30:51,560 --> 00:30:53,440 trade. This wasn't a bad trade but like 579 00:30:54,040 --> 00:30:56,280 and similarly I sold zero bro for FARC coin. 580 00:30:56,280 --> 00:30:59,720 I sold all my utility place of FARC coin because I just again I 581 00:30:59,720 --> 00:31:01,840 find it so difficult to to track like that but. 582 00:31:03,080 --> 00:31:05,200 So so by the way, like the holders are up crazy right on 583 00:31:05,200 --> 00:31:07,600 far coin said 46,000 hold. I know you you brought that up 584 00:31:07,600 --> 00:31:09,440 on the show last week. So look at this like it's up. 585 00:31:09,680 --> 00:31:12,560 It's up a lot like you're seeing really fineness influx holders 586 00:31:13,880 --> 00:31:15,720 are going up. So people are saying, obviously 587 00:31:15,720 --> 00:31:18,080 someone's asking how you feel about zero bro here And then 588 00:31:18,080 --> 00:31:20,720 they said zero bro launching infra soon. 589 00:31:20,800 --> 00:31:22,720 Any thoughts on that? I haven't followed that all. 590 00:31:22,720 --> 00:31:23,920 I don't know what's going on. Zero. 591 00:31:23,920 --> 00:31:26,360 Are you following? Zero bro are going to launch 592 00:31:26,360 --> 00:31:31,440 their own model essentially so that anyone can create a zero 593 00:31:31,440 --> 00:31:34,720 Bro like coin. Sorry, agent. 594 00:31:36,680 --> 00:31:42,720 It's it's unclear if that will require zero bro to create the 595 00:31:42,720 --> 00:31:44,360 token. Like will they go down the 596 00:31:44,360 --> 00:31:48,720 virtual's route of agent creation? 597 00:31:48,880 --> 00:31:52,920 Maybe, maybe, but but I also think that zero Bro as a 598 00:31:52,920 --> 00:31:55,520 specific token is is like a quite specific token, right? 599 00:31:55,520 --> 00:31:58,560 It's like a culture bot and he's been trying to create other bots 600 00:31:58,560 --> 00:32:02,000 as well. He's he's also done another like 601 00:32:02,520 --> 00:32:05,920 bought system called Blow Me, which is more like the AI16Z 602 00:32:05,920 --> 00:32:08,120 version, which is like, we want to trade, we want to give you 603 00:32:08,120 --> 00:32:10,040 like an agent that makes you money, that sort of stuff. 604 00:32:11,640 --> 00:32:15,000 I wouldn't rule it out like people like Sierra Row and I 605 00:32:15,000 --> 00:32:19,120 think he ships quite a lot of cool stuff, but I just, I find 606 00:32:19,120 --> 00:32:25,480 it difficult to underwrite that stuff over a long period of 607 00:32:25,480 --> 00:32:27,400 time. Like that's, that's all it is 608 00:32:27,560 --> 00:32:33,280 like and that's meant I've missed AI16Z and virtuals, but 609 00:32:34,320 --> 00:32:38,040 I've been able to yeah, OK, go it's down, but it's still up a 610 00:32:38,040 --> 00:32:40,000 lot since when I bought it. And same far coin. 611 00:32:40,000 --> 00:32:42,880 Like I know that they're not going to 0, whereas some of 612 00:32:42,880 --> 00:32:46,800 these other ones like I I've kind of forgotten some of the 613 00:32:46,800 --> 00:32:49,880 coins that I was talking about two weeks ago, whereas 0. 614 00:32:49,880 --> 00:32:51,760 But I think it's got a shot. It's got a shot. 615 00:32:51,760 --> 00:32:54,600 But like it may it may just be a transitory shot as well. 616 00:32:54,600 --> 00:32:58,960 Like it may just be like a pump. Yeah, 100% anyways at the end of 617 00:32:58,960 --> 00:33:02,680 day Farkle market caps 900 mil you know micro strategy is 90 618 00:33:02,680 --> 00:33:04,440 billion. I like both, but it's pretty 619 00:33:04,440 --> 00:33:07,120 apparent which one is undervalued went side by side. 620 00:33:07,120 --> 00:33:14,160 So I just I was copy pasta and POPO used that used the Pingu as 621 00:33:14,160 --> 00:33:16,560 an example, like 3 bill versus 90 bill saying that micro 622 00:33:16,560 --> 00:33:18,840 strategy undervalued. And I just played on that. 623 00:33:19,080 --> 00:33:24,640 On that note, actually rafflebot dot XYZ, rafflebot RAFFLEBOT dot 624 00:33:24,640 --> 00:33:26,480 XYZ. This time there's not 4000 625 00:33:26,480 --> 00:33:27,920 people live, but there's a lot still. 626 00:33:28,520 --> 00:33:30,240 So don't break the website again, please. 627 00:33:30,400 --> 00:33:32,720 But the code is galaxies. I'm going to get to Greg in a 628 00:33:32,720 --> 00:33:34,880 second here, but the code is galaxies. 629 00:33:34,880 --> 00:33:40,320 GALAXIS to have a chance to win a pudgy Penguin because I just 630 00:33:40,320 --> 00:33:41,960 like kept hammering Penguins in there. 631 00:33:41,960 --> 00:33:47,000 So do you have a chance on the show later today to win a pudgy 632 00:33:47,000 --> 00:33:48,840 Penguin or red guy? It's that simple. 633 00:33:48,840 --> 00:33:50,960 It's one or the other, no one between. 634 00:33:51,120 --> 00:33:55,560 You absolutely love to see that. Another thing that Tyler was 635 00:33:55,560 --> 00:33:59,560 mentioning, Mando is on the again, like on this Federal 636 00:33:59,560 --> 00:34:02,560 Reserve stuff. Like it's dude, like what's your 637 00:34:02,560 --> 00:34:04,720 actual thoughts on this? Because some people say, yeah, 638 00:34:04,720 --> 00:34:07,160 they're probably going to push it, but and they're going to be 639 00:34:07,160 --> 00:34:08,719 leaning on Bitcoin, but it's not going to happen. 640 00:34:08,920 --> 00:34:11,280 Then you have Daily V Bailey that's straight up tweeting like 641 00:34:11,400 --> 00:34:15,440 we're one signature away from a Bitcoin Federal Reserve. 642 00:34:15,679 --> 00:34:18,520 And then you have Donald and Eric and everybody else Trump's, 643 00:34:18,520 --> 00:34:20,960 you know, super bull posting crypto here. 644 00:34:21,080 --> 00:34:24,320 Cynthia Loomis is nonstop like she's become one of the biggest 645 00:34:24,320 --> 00:34:26,600 advocates online, right? Like what are your thoughts here 646 00:34:26,600 --> 00:34:28,639 on this whole Federal Reserve conversation happening? 647 00:34:29,120 --> 00:34:30,040 So not. Federal Reserve. 648 00:34:30,719 --> 00:34:31,840 Strategic reserve. I'm sorry. 649 00:34:31,840 --> 00:34:32,760 Strategic reserve. My bad. 650 00:34:32,760 --> 00:34:33,360 My bad. Yeah. 651 00:34:34,639 --> 00:34:38,960 I think, I mean, Trump is heavily indicating, you know, 652 00:34:38,960 --> 00:34:41,360 he's, he's saying, look, we're going to do something special. 653 00:34:41,520 --> 00:34:44,440 He's very much saying that, you know, we may may push through 654 00:34:44,440 --> 00:34:48,760 some sort of executive order. I don't know when an executive 655 00:34:48,760 --> 00:34:51,360 order, if that can still be challenged in certain courts, 656 00:34:51,560 --> 00:34:56,040 like he may sign that and it could get challenged for a long 657 00:34:56,040 --> 00:35:00,000 time. I I just don't even know like 658 00:35:00,000 --> 00:35:02,520 I'd need to speak to a lawyer Like we should get someone on 659 00:35:02,520 --> 00:35:05,560 there about like his with executive powers means you can 660 00:35:05,560 --> 00:35:07,800 do a lot of stuff, but they can still get you can still get 661 00:35:07,800 --> 00:35:09,640 caught up in the courtroom for a long time. 662 00:35:10,080 --> 00:35:17,840 So I don't know what what that will mean and I think. 663 00:35:19,000 --> 00:35:21,320 By the way, it looks like independently some states want 664 00:35:21,320 --> 00:35:23,400 to have their own strategic reserve a Bitcoin. 665 00:35:24,440 --> 00:35:26,640 Yesterday you have Ohio Representative Derek Marion that 666 00:35:26,760 --> 00:35:28,320 introduced the bill to establish that. 667 00:35:28,680 --> 00:35:31,880 And that's, I'm pretty sure the state of Texas also is trying to 668 00:35:31,880 --> 00:35:34,480 establish that as well. So that's the interesting part 669 00:35:34,480 --> 00:35:38,680 of the United States, right, Is that state wise, they can also 670 00:35:38,680 --> 00:35:47,480 run their own bills. So Ohio, all these certain 671 00:35:47,480 --> 00:35:49,360 states we have like a number of states will say in this right 672 00:35:49,360 --> 00:35:50,960 now. So you have Ohio, you have 673 00:35:50,960 --> 00:35:54,320 Florida, I think Pennsylvania maybe as well, but like a bunch 674 00:35:54,320 --> 00:35:56,840 of things saying it. So this may be a state thing as 675 00:35:56,840 --> 00:35:58,360 well. This is the other thing, maybe 676 00:35:58,360 --> 00:36:04,080 like a state reserve. So yeah, I don't, I, I just 677 00:36:04,080 --> 00:36:07,080 don't know, like I, I, I didn't think there should be a high 678 00:36:07,080 --> 00:36:09,440 probability. I still think it will it will 679 00:36:09,440 --> 00:36:13,680 face a lot of backlash if it were get pushed through. 680 00:36:13,800 --> 00:36:18,400 I really do like I don't think I don't think it's although a lot 681 00:36:18,400 --> 00:36:22,280 of people like crypto in the USI don't know if they believe it 682 00:36:22,280 --> 00:36:25,680 should be like a strategic reserve asset. 683 00:36:25,680 --> 00:36:31,840 And they may see it as like it is a very much a special 684 00:36:31,840 --> 00:36:33,440 interest sort of thing. Like it. 685 00:36:33,600 --> 00:36:37,600 You know, crypto has spent a lot of money this last election and 686 00:36:38,040 --> 00:36:40,800 to then get a Bitcoin to reserve reckon there could be some FUD 687 00:36:40,800 --> 00:36:43,280 around that. Like that's why I think it could 688 00:36:43,280 --> 00:36:44,840 be challenging the courts and all this sort of stuff. 689 00:36:44,840 --> 00:36:48,760 And it's, it's very much not like a like a number one thing. 690 00:36:49,640 --> 00:36:53,560 It's, it's, it's, it's definitely not like a given that 691 00:36:53,560 --> 00:36:56,000 I think this would get through, but I think we could. 692 00:36:56,000 --> 00:36:59,320 That's why I also think that the sailor thing, it's just a 693 00:36:59,320 --> 00:37:01,800 correction. Like it's really fucking tough 694 00:37:02,240 --> 00:37:07,240 for, for Bitcoin to go materially lower, even if all 695 00:37:07,240 --> 00:37:08,840 that sailor stuff. And I think a lot of the sailor 696 00:37:08,840 --> 00:37:10,120 stuff is like confusion right now. 697 00:37:10,120 --> 00:37:11,600 Like people actually don't really know. 698 00:37:11,800 --> 00:37:14,200 They see his average price and they think if it goes below 699 00:37:14,200 --> 00:37:17,040 that, he's screwed. But actually it went well below 700 00:37:17,040 --> 00:37:18,400 that during the last pair, right? 701 00:37:18,400 --> 00:37:21,760 If you remember, Sailor's average price was at 38,000 I 702 00:37:21,760 --> 00:37:25,800 think during the last pair. And we went down to like 15 and 703 00:37:25,800 --> 00:37:29,960 he his, his. I think if it went down to maybe 704 00:37:29,960 --> 00:37:35,760 like 4000 or 3000, it was like it was at risk, but similarly 705 00:37:35,760 --> 00:37:37,520 like it would have to go down a lot. 706 00:37:38,080 --> 00:37:41,080 Of. Worry but there will be a time 707 00:37:41,200 --> 00:37:43,040 when Bitcoin goes below his average price. 708 00:37:43,040 --> 00:37:45,800 I'm I'm 100% of that if he continues Bitcoin. 709 00:37:46,600 --> 00:37:50,720 If he keeps on buying every week at higher and higher, you know, 710 00:37:50,720 --> 00:37:52,040 we'll see where that goes. But this? 711 00:37:54,400 --> 00:37:56,800 I wouldn't care about it. Like at the same time, like I 712 00:37:56,800 --> 00:37:59,440 actually didn't care about Sailor until he said I'm going 713 00:37:59,440 --> 00:38:02,440 to buy $42 billion worth of I see, right. 714 00:38:02,800 --> 00:38:04,880 And then that becomes the thing that the market starts pricing 715 00:38:04,880 --> 00:38:07,000 in. And then if that ever gets 716 00:38:07,000 --> 00:38:09,240 challenged, that does that does become a risk. 717 00:38:09,240 --> 00:38:10,880 It's not that like he hasn't done it. 718 00:38:11,200 --> 00:38:14,040 But if that becomes, you know, he can't, he's not, he's the 719 00:38:14,040 --> 00:38:15,800 main one buying, right? Every single week he's coming in 720 00:38:15,800 --> 00:38:18,440 and buying a billion, $2 billion worth of Bitcoin. 721 00:38:18,440 --> 00:38:20,120 He's buying as much as the ETFs at the moment. 722 00:38:20,200 --> 00:38:24,560 Of course it's it's a risk. I get it, I get what you mean. 723 00:38:24,560 --> 00:38:28,000 By the way, no Mando did not say he sold his goat for FARC coin. 724 00:38:28,000 --> 00:38:32,240 He said he sold his AI16Z0 bro for FARC coin. 725 00:38:32,280 --> 00:38:34,200 And as the comments were going crazy saying what? 726 00:38:35,080 --> 00:38:37,760 But Mando saw his goat. No, Mando is like the goat goat. 727 00:38:37,920 --> 00:38:41,520 OK Mando, trust me, he loves his bag, OK? 728 00:38:41,960 --> 00:38:44,160 Like he's emotional about it. So don't worry. 729 00:38:44,160 --> 00:38:46,320 He's not selling his goat. So the comments are going off 730 00:38:46,320 --> 00:38:47,920 Mando thinking he fucking sold your goat. 731 00:38:48,760 --> 00:38:49,520 He's out. He did it. 732 00:38:49,680 --> 00:38:53,880 All right, many, many moons ago, well like 3 weeks ago, I sold my 733 00:38:54,400 --> 00:38:58,440 AI16Z and all my utility coins for fart coin. 734 00:38:58,480 --> 00:39:01,080 Well, two weeks ago, Cook said to me. 735 00:39:01,080 --> 00:39:04,400 This is going mainstream. I bought five coin. 736 00:39:04,760 --> 00:39:07,400 Absolute genius. Absolute genius. 737 00:39:07,400 --> 00:39:09,280 Look far Coin's fun. My goat bag. 738 00:39:09,840 --> 00:39:13,120 Far coin is funny at a dollar. It's going to be even funnier at 739 00:39:13,120 --> 00:39:15,440 $10. Anyways, one last shout out and 740 00:39:15,440 --> 00:39:17,320 let's bring Greg on stage. But I do want to give a shout 741 00:39:17,320 --> 00:39:21,160 out to our boy G Money here. I know he's got a drop today. 742 00:39:21,160 --> 00:39:22,960 I wanted to get him on today, just couldn't because, you know, 743 00:39:22,960 --> 00:39:25,520 we had so much going on bugs and also want to talk to Greg of 744 00:39:25,520 --> 00:39:27,360 Galaxies here. But G Money has this really cool 745 00:39:27,360 --> 00:39:31,760 like 90C black box going for sale today on open sea. 746 00:39:31,760 --> 00:39:34,120 So definitely check it out if you're a fan of 90CC. 747 00:39:34,120 --> 00:39:36,920 I know I am. And so basically each box 748 00:39:36,920 --> 00:39:40,240 includes piece from collection of one network points, iteration 749 00:39:40,240 --> 00:39:43,800 of 421 optimism tokens, and a chance to win a crypto punk. 750 00:39:43,800 --> 00:39:47,120 And then I saw M3 posts that apparently one of the fucking 751 00:39:47,120 --> 00:39:50,360 T-shirts has like a ton of mog in there if you claim it. 752 00:39:50,360 --> 00:39:53,400 I just saw M3 posts about that. And so anyways, price point O 753 00:39:53,400 --> 00:39:55,600 690. I just want to show G Money in 754 00:39:55,600 --> 00:39:58,760 90CC some love because I'm a fan, I'm a friend and I really 755 00:39:58,760 --> 00:40:01,680 like what they're doing and like their T-shirts and gear.