Oh, yo-yo, yo, what up? What up?
Good morning. Good morning, GMG.
Thurs. Wednesday Wednesday Wednesday I
just want it to be next week already bro I'm I'm over this
week Wednesday December 18th 202444 look at that another
beautiful day to have a beautiful day.
I got my coat in the house. Tyler Mando, Good morning boys.
How you doing today? I'm doing great.
How are you? It looks like you had a second
take here, like second thought like are you doing great?
Tell me how you really feel. I'm like is it said yesterday I
had a big re evaluation of all my positions overnight, but I
feel good I. Feel good.
Sounds like you're going what I. Did end up doing is shorting a
bunch of things but keeping my core positions.
You're hedging. Hedging with some majors or like
some like I I shorted like I shorted some peanut, I shorted
some XRP shorted some just like just like alts.
Alts went to Duns just putting a a high lower high and I thought
the market could sell off so. We.
Can't pull my positions into shorted other shit.
We call him Mando Monkey now, that's his name.
And or, or or, he's pulling a winter mute.
He's longing spot. He's shorting the lot.
He's shorting on the perps. I just felt as though the
markets do a waffle. Yeah, yeah, yeah.
I mean, it was clear. I think it was a little clearer.
But anyways, we'll talk about that in a minute.
Tyler, Tyler, Tyler, how are you doing today?
Doing well, yesterday was a big day.
I feel like still a little bit in recovery mode from the
emotional roller coaster feeling good.
I mean today might be a bigger day and depending on what Al
says at FOMC, we are either going lower or we're or kicking
off the Santa rally. That that's how I feel.
Let's see, I mean, we're going to discuss that today.
Today I'll show as usual market reports.
Definitely want to talk Powell purple tie or Nah, we'll see
that soon. You know, let's talk about, you
know, Mendo's re, you know, reshuffling of his portfolio and
how he's thinking about it. I think this is a good stuff to
talk about, right? Let's talk about this a little
bit like see where we're at. You know, I'm hearing lights
out, I'm hearing three of the year bear market I'm here ETF
outflows. So like BlackRock bought like
$800 million worth of Bitcoin yesterday.
You know, I'm I'm hearing, you know, top top of the cycle.
I'm hearing about a lot of things.
So we're going to have to discuss that.
Tyler's top 100. I mean, Tyler for sure has a lot
to talk about Pingu aftermath and yesterday was fucking crazy
show. So to shout everybody to come
and it was a lot. We're going to.
Nope. Have you lost me?
He's still on the space. No his.
Wi-Fi has gone down can see him on the here, I'm on the space,
but his video Wi-Fi has gone down.
So I think you you guys could probably just dive into market
to be fair. Do you play the music Sims or?
Yeah, let me let me kick him off with this and then we'll play
the. Can you dig it?
Yeah, GM everyone. So I did say, you know, this
week we have the Fed. the Fed is today almost guaranteed to cut
interest rates. There will be some interest
about what he says during the during the press conference.
It will really just be about whether he talks about Trump's
impact potentially on inflation. I think that would be a pretty
political thing for him to do. But he may end up saying that,
but let's see. And that what, what that would
mean is he may point to the idea that, you know, they might halt
rate cuts that, you know, they're going to be slower on,
on the rate cuts, that sort of stuff.
Personally, that's not the, the, the number one thing I'm looking
for in macro at the moment. The number one thing I'm looking
for in macro at the moment is, is micro strategy stock, just
because I think there's a lot of sensitivity around that at the
moment. Micro strategy as you know is,
is Michael Saylor's vehicle for buying tons and tons and tons of
Bitcoin. He now has over $40 billion of
Bitcoin. I think why this has and and
he's been doing it since 2020. So he's been doing it for four
years now. And originally he he got into
this trade because he had some cash in the balance sheet, he
said buying Bitcoin. Then he realized the stock price
went up, he said to buy more Bitcoin and, and kept going.
What's happened over the last few months is that he basically
said that he would, he wants to raise $42 billion of debt to buy
more Bitcoin. And over the last year, he's
raised about 7 billion, mainly by convertible notes.
And convertible notes, for those not aware, is like a, is a debt
or equity like instrument. If things go wrong, it becomes
a, it becomes a debt instrument. If things go right, it remains
equity. He's raised this a very low
interest rates. And although his average price
now, because he's been buying so much recently, the average price
which which Michael said has bought Bitcoin is now $63,000.
That is up from around 30,000 this time last year.
So it's a big, big increase. That being said, he only has
around 7 billion of debt versus $43 billion of of Bitcoin.
So it would only really become an issue if if Bitcoin dropped
around that 7 billion level. But I think that that whether
that's an issue or not, which I, I severely doubt it will be.
I think the the main issue that the market may have a little
wobble with here is people have been pricing in the fact that
Michael Zeddler wants to buy $42 billion worth of Bitcoin and his
stock currently trades about two XN A/B.
So MicroStrategy stock price, MicroStrategy market cap, what
is it right now? It's around 80 billion, as far
as I'm aware, 92 billion. So he has 42 billion, 43 billion
of Bitcoin. The stock price is at 9092
billion. So you see how it's trading at
2X, how much Bitcoin he has just over 2X and that's allowed him
to issue this these equity like instruments to buy more Bitcoin.
If that's not, if that stock price goes down, which it has
been heading lower, like if you look at the price of micro
strategy it it's actually gone lower over the last few weeks
and notably was down 5% yesterday.
Even with Bitcoin hitting an all time high.
If the price of bit that goes down closer to let's say that 43
billion level, let's say it goes sounds like 50-60 billion, I
think people will question his ability to be able to issue
these securities and buy as much Bitcoin.
So I don't think it's we're at the stage of like this is like a
big, you know, this is going to blow up.
But I think people will begin to question whether the period of
easy money for sailor to do this strategy will be able to
continue. That's kind of where I'm at.
And that's what that's been brewing for a while.
You know, it's been brewing and talked about for a while.
Bitcoins kept on hitting all time highs yesterday.
The Bitcoin Policy Institute basically wrote up a mock
executive order which Trump could sign on day one, making
Bitcoin a a, a strategic asset. So obviously this is not the
time necessarily to say it would blow up, but there's a lot of
sensitivity around that stock price I think at the moment and
I would be paying attention to it.
It is the one thing far more than than the Fed that I think
people will look at if that, if that heads down to like 300
area, I think people will start to freak out slightly.
And I'm telling you right now, it's not really, you don't need
to freak out. He's going to go bankrupt or
anything like that. It would have to fall to like
under $20,000 Bitcoin for him to actually be at risk of like
blowing up. And, and they're not even margin
loans that they're actually just like they're actually unsecured
convertible notes. So like they basically it would
even be difficult for him to blow up in that scenario.
But there'll be questions about his ability to buy Bitcoin.
And I see that as something that will happen at some point over
the next three weeks, 4 weeks maybe.
But I can tell you that is the thing that I think will cause
the correction. And I don't know when it's going
to be, but I think it's going to.
I think that is the thing that but it's worth paying attention
to. So I think the reason why we are
weak today is because of micro strategy stock going down lower
yesterday despite big on hitting an all time high and that's the
only thing I would pay attention to.
No giga, no giga, I'm back. Sorry, I I'm like it's my
Wi-fi's been very bad. Other than that, the strength
seems to still be in AI. Obviously finance is now
listing, so over the next few days, what is this?
Alpha thing can you guys I started this morning is that
new? So they announced it yesterday,
they're going to be announcing 30 coins over the next today,
tomorrow and the day after. Seemingly these coins have so
far have got no futures or spotless, like no services coins
that had no affiliation with Binance before.
And and they announced a few on BNP, but notably, they announced
a few in the AI space across Ethan Soul.
So it was definitely AI focused. But they're basically out of
those 30 coins, they are saying this will probably be our pool
of selection 4 coins that will be get some form of listing,
whether that's futures or spot in the future.
So this I think comes after they got massive criticism for Peanut
and Act and then after that did they do another dodgy listing?
But do you remember they always say they got a lot of heat
around that time? Well there was a whole Nero
thing also where like they listed the Cabal Nero, then the
Mudang enlisted the Sui Mudang. Like SU Dang, there was a lot of
crime going on. It's been a lot of, it's been a
massive shit. Show like that towel, Can we
talk about that towel candle that liquidated people all of a
sudden 50% in like 2 seconds? Like, there's also a lot of
crime happening on perps over there, you know?
There's there's always crime things that this is clearly a
response. The The space has ended.
Oh. Really.
I'm so sorry guys, this is on me but I don't know what to do
about my Wi-Fi anymore. Oh my God, the day we have
galaxies coming on the show too, mind you.
Oh my. God, the galaxies.
Seem this. Thick one.
Yes, yes, this galaxies is coming on the show today and and
I'm and I'm going through all this Wi-Fi bull bullshit.
Let me try again. So four more hour rugged and
back classic. That's the the 1st every rug
videos used to be called rugged and back and then I called.
The bull, the true bull market is, is here.
Maybe it's a sign? For I'm never going to run out
of business, that's for sure. All right, now I'll connect the
road caster. Tyler, you can disconnect
everything here. I'll connect that way when you
have to go in 10, you're sorted. OK, so we're back, Sims.
I started new spaces. Sorry, guys, Sorry.
I don't even know why it ended it, but it is what it is, right?
So we'll just run it back, you know, run it back turbo.
Wow. But when I started rock radio,
they used to say that the name may become irrelevant once
Twitter fixes spaces. And we're three years later and
seemingly spaces have not been fixed.
So I think the name will become stay relevant for decades.
Thank you to come. Hold on, let me let me fix that.
There's still a lot of people on videos.
What's up y'all? I know a lot of people tend to
move. Tyler's got 10 minutes.
Shall we hit his Tyler's alts? There you go, go through it.
Yeah, let's go through that and then let's keep discussing the
rest. Tyler's going to run.
So one second. Can you guys hear me in there?
Just do me a favour, everybody listening just just like share
this, you know, share, retweet, tell the people who are back
live, etcetera. Obviously Robert, loot box
pains, blah, blah, blah happening today.
Don't worry, we got, I've been setting up the loot box, so
we've got all this good stuff, all right, and.
All right, our top story, I'm going to give it to our Pingu's
Pingu went live for trading seeing over 2 1/2 billion
dollars in volume holding now right around 3 billion in FTV,
notably with over 400,000 holders already.
So a good first day in political crypto news, we saw Senator
Cynthia Loomis say that 2025 will be the year for Bitcoin and
digital assets. She's bowing to work with
cryptosar David Sacks to help make a legal framework for the
crypto industry and the strategic Bitcoin Reserve have.
We saw that on the same day that the US Senate Banking Committee
abandoned its efforts to advance anti crypto Caroline Crenshaw
for the SEC commissioner job. We saw an Ohio Rep Derek Marin
introduced an Ohio Bitcoin Reserve act for that state
yesterday. And then as Mando mentioned,
Bitcoin magazine CEO David Bailey and the Bitcoin org
setting up their own potential strategic reserve bill.
So a lot happening on that front in token AirDrop and protocol
news. Of course, we had the Pingu
token. We also had that nifty Island
Island token that went live. I saw it right around a 50
million FTV. This morning.
Fuel announced a token AirDrop for its 200,000 eligible users.
Kraken Soft launched its new L2 Inc with its stated goal of
enabling access to D5 from a trusted OG.
Then Moon Pay announced that Moon Shot broke its single day
on ramp record yesterday, perhaps tied to that Pingu
launch. In AI and crypto news, the
overall AI market cap was up 10% even on a a broader red day at
10.8 billion. Most leaders slightly green.
As Mano mentioned, Binance Alpha showcased Fart Coin, AI16Z, and
AIXPT in their new product, leading to speculation about
potential future listings. Zods was the top mover, jumping
100% to 15,000,000. Nikita Iomonica grift means AI
arc all up 20 to 40%. Fart Coin Agent and AI XPT still
leading mindshare growth in AI. In the broader meme coin and NFT
sector, meme coin majors are red down a bit more than majors.
It seems like that trend continues.
Pingu dominated slot on meme coin action, but UFD this
Unicorn part dust surprise runner of the day ran zero to 50
million in 12 hours. So Congrats to anyone who hit
that Rex. Shout to Rex, another new all
time high yesterday. Over 130 million continues to
grind up Ethereum and a tease $100 million in volume on the
day. For some perspective, I'm
tweeting this out. We were seeing 2 to $4 million
per day back October 3rd was a $2.4 million day.
We did $100 million in NMT volume yesterday, so a notable
uptick. ETH NMT leaders though mostly
read on the day in the aftermath of Pingu.
Besides punks, Punks up 2% back over 40 ETH and but to be when
NM TS they are down from 32 to 17.5 though that shouldn't be a
surprise. Basically fell the amount of the
AirDrop. Wow, OK.
There's a lot going on here. I'd love to see that.
I mean, where to even start? I mean, I guess just quickly
towards on the Pango aftermath because we were in the thick of
it yesterday, right when we're hosting to thousands of people.
What do you guys think? So I think, I think everything
went well, right? Like bounce back to 3 billion.
I think above everyone's expectations.
I think most expectations, like in the 1-2 billion mark, it
opened at 14 trillion. I think nobody could have called
that and now sitting at 3 billion comfy with almost half a
million on chain holders. I mean, what do you guys think?
Positive, negative, like what do you think of the aftermath?
Yeah, I think it has to be positive.
I think the the psychology of this is just so interesting and
it's so tied to that early price action.
It's like when we were first having our early conversations,
we were targeting 500 million to a billion for.
This. Then we raised our targets to
1:00 to 2:00 and then we saw the pre Market Volume and of course
like I'm susceptible to that. It's trading at 4 to 5 billion
which it did open at. But then like it it opened that
high and then it goes down only for 12 hours and that hurts
mindset. And it just kind of made it
like, it kind of rained on the parade a little bit just to be
honest, right? Like.
This, you're the one who did this.
What did he do? I love it.
Like I can't believe everyone was calling for, you're the one
calling for like 10 billion on the first day.
I love that we love our moon boy Tyler.
Many such cases. Many such cases.
Tyler feels like Farouk in 2021 bro come on.
Like, you know, I love it like that.
It does feel like we're putting the the old igloo pattern on the
chart here, so it's grinding back up.
It's looking good, dude. It's looking good.
It's looking Amanda. What do you think?
What's what's your TLDR in the aftermath?
You were there, you were the thick of it.
You were with us. She's looking good.
I'm at 1 billion and going to 3 billion.
We'd all be you for it. Exactly.
Billion is a massive win. Like is a like.
Put in perspective, this is higher than bunk and with right
I think the biggest meme coin on Solana.
Fuck, it's true. Not by market cap, but by FDVI.
Think yes. I think it oh.
Why is it not on? I think it's a big.
No, it's a 2 billion market cap, is it?
Oh, I mean, if you're looking at circulating supply, right, that
number's a little fuzzy. Oh.
I don't know then. Look, I know what you mean, OK?
It's the highest, it's the highest market cap coin, which
is just a massive win. Like it's the fact that an NFT
community has come through and done that is like huge.
It can go down 30 percent, 40%. There would still be a massive
win. It's basically what I'm saying
like don't sit here and be like, oh, like anything from here is
great. Anything above 1 billion.
I think it was a massive, massive win in my opinion.
I do think that, you know, it's been a tough period for Solano
mean coins. Weirdly, today feels not as bad
as like like I said that altcoin versus Seoul trade seems to be
reversing slightly. Seoul is putting in like maybe
like strength and so sole ecosystem coins and maybe it
holds up better, but it's not going to be like if it goes down
to 2 billion. I don't think it's like anything
wrong with with Luca or what they've done or anything like
that. Like it's it having a $3 billion
salon, a meme coin like that's so difficult to do with the
amount of like dilution. New coins come out every single
two days, you know, like I, I think it would be a huge win if
they just consolidate around this level for a while.
And then I would imagine around abstract you maybe get another,
you get a second win for this. But I, I, I personally, I, I
would also just be like count your count your chickens.
Like this has been great. You can moon boy, but like I I
wouldn't be like don't have it that as your expectation.
Have that as like a hope for than expectation.
Yeah, that's, that's fair. I mean we saw the Pudges went
going on to what 1415 bounce back to about 1780 where they
are standing here. So, so, so it's looking good.
Overall, I think it was a great success and a big win for the
industry as a whole, even with the market, you know, puking,
right? It was puking before the fact.
Yesterday was a good day for Seoul, but you know, puked again
today and we're still looking pretty strong out there.
Tyler, I know we only have you for a couple more minutes.
What were your top stories here? Yeah, I mean, Pingo was the big
one. They just, they just crossed
1,000,000 claims. So shout out and and their tech
team, right that that's a lot. And there was headaches during
the claim yesterday largely due to that tremendous volume.
You know, I guess we haven't really talked about the AI
sector very much lately. Perhaps we could spend a couple
minutes on that. Yeah.
If you had the AI watch list pulled up, I mean.
Oh no, we did our fart show last week.
Fart coins $0.90. It's a fart.
At this stage. We almost did a billion dollars
this morning. And like when this gets to a
dollar, dollar fart coins, like that's going to be viral.
And now people are already talking like is, is Powell going
to mention fartcoin at the at the FOMC?
I think there's a market for that.
Is running with that like crazy. Terrified people are going nuts
with this. I think it's just going to get
louder. I do think in the more
traditional, like pure AI plays AI 16 ZI think that they're
starting to to be more strongly seen as a PowerPoint.
They're they're grinding up. They're on they were on Binance
alpha. They they just minted that
Stanford partnership. And of course, there's the whole
question of what does it mean for the token, the virtual token
model. Oh, that that's actually
interesting. Perhaps we'll go back to that.
So Amanda, you know, you and I have been like having this, you
know, this discussion, not even a debate because we were on the
same side. Why was virtual worth 4X what
AI16Z was? And that didn't really make a
whole lot of sense to us. I got a lot of feedback on that.
I'm trying to find the the post right now.
Yeah. So basically people are saying
virtual as an agent launchpad with agents priced in their
token basically makes it like an L1 and people are pricing
virtual like an L1. They're pointing it to having
better tokenomics and a true use for the virtual token versus
AI16Z, which at this point in time does not have a pure use
case for the token. People also pointed to less
competition dilution on base, perhaps plus potential Coinbase
support. And then also just the lingering
negative sentiment around Shaw. I think the Shaw sentiment 1, I
think that was real up to a point in time.
But I think there's also, you know, and once the number goes
high enough, people kind of shake off negative sentiment.
Yeah, I think both of them. AI16Z has massive uses of Eliza,
but the uses of a token appears to be around like an AI hedge
fund. Virtuals has a very good token
built token ecosystem, but quite simply isn't seeing a huge
amount of tokens being created like good framework, but doesn't
necessarily have the users at this station.
That might change. That might change.
But yeah, I think both, neither of them are perfect, right?
Like if it was Eliza built on Virtuals, then that would be
great. But the virtual numbers really
dropped off. I haven't looked back at that.
Back at them recently, June. Yeah, I looked at it.
They're down substantially. But then I also got feedback
from folks that that is a feature and not a bug.
They're actually trying to more do more curated one to two good
agent launches per week, which I that's, I would agree doing
that, but that then that people are pointing to the revenue
number as well. So they did $40 million in
revenue. So like your revenue is going to
fall off a Cliff if you're doing curated launches.
Like for example, yeah, so sorry, just to check, but like
they were making 2 million a day a month ago and now they're
making 100 KA day back today. It's 27 grand they've made so
far. So like it is a massive drop off
in revenue. It's not just a drop off in in
yeah, I agree the quality of the tokens, the quality of the
agents might have increased, but like every was everyone was
pointing to the revenue figure when it was when it was spam
right. So you can't have it both ways.
You can't be like this should be priced at this level and then
when the revenue goes down by literally. 80%.
You go like, oh, well, yeah, no, no, no, it's it's it'll still
works. Virtuals has potential but it's
really dropping off in the amount of people using it.
And AI16Z has massive potential, but the token, I still just
don't understand how they're going to marry the token.
And what I I thought was very interesting even with that
announcement And not to get too funny, although like I'm a much
more fan of the memes like popcorn and GOAT.
But the the deal was with Eliza Labs.
I, I hadn't heard of Eliza Labs before before yesterday.
And that's kind of an interesting point, right?
Like there could be an Eliza Labs token.
You mean the the the announcement of Stanford that
was with Eliza Labs? Yeah, that.
One, but that Eliza has a token, by the way.
What? What a chart.
Not gonna lie, that's kind of nice.
Eliza, this is this is just a meme coin.
That's why this is all. This is why it is messing.
I agree with you like these are yes.
So yes, see every time he gets talk about this AI16Z stuff,
well I appreciate the fact that it's clearly it sounds like a
leader. I'm so confused about all the
token ecosystem around it. Yeah.
So, so I can break it down for you right now.
So you have, they basically have an open source framework called
Eliza, right, which is you can get on GitHub, which means
anyone can build upon it. And people have been building up
on this unbelievable amounts with open source code.
Anyone can build upon it. You can fork it.
You can create variants in the same way that like Uniswap, for
example, is an open source and like people create very various
variants of it for like sushi swap or that sort of stuff.
Like you can create other versions of it.
So you can actually, you can actually just take everything
that they've built. It's open source.
That's where these these the majority of AI 16 originally.
So yeah, fifteen 1500 fork. Someone just said now AI16Z the
token. Was.
Only created upon that framework like they created an agent and
they created an agent called P It's like an AI version of and
Andreessen, right? Mark Andreessen called P Mark.
AI Yeah, yeah, you. Get what I'm trying to say?
And the point of that token is they're trying to create the
first on chain hedge fund, they're trying to get his AI
hedge. Fund.
That's the whole AI16Z idea, right?
Exactly. Is that the Treasury goes up,
it's a Dow and then we're going to be able to have a non change
funded. Right.
Which trade? And like that is the purpose of
AI16Z. Yes, I remember that.
In the future, there is some hope that like maybe all the
other stuff that's going on Eliza that can be brought back
to AI16Z. That's kind of why it trades up
and people see it as a quasi infrastructure play.
But there's nothing, there's nothing set in stone.
Like they did get sent some coins by people who who launched
using Eliza and they've got sent to the Dow.
So originally I think the Dow is like 10 million of assets right
now. And some of that is coined to a
made using Eliza. But there's nothing forcing
people to do it. It's not like you have to send
tokens. It's just like as a gift
essentially for using, using our framework.
And secondly, and the main bit of it in the future is going to
be, hey, we're going to create these financial AI agents that
are going to trade for you and like they'll be able to like
basically be a hedge fund which could rival A16Z.
OK, so, so a, and This is why it's so confusing because I
think people think Eliza equals AAI 16Z and actually it doesn't.
Now separately, there is an Eliza coin and the Eliza coin is
something even more different. So the Eliza coin, there was two
of them in the early days of this, this Eliza framework, they
created various different people, right?
They created an AI version of Deaton Spartan.
They created an AI version of and Marc Andreessen, which is
why you got AI16Z and they created the original mascot for
for A16Z was this Eliza woman. You know you've seen her.
With the big tits. Yeah, that's the one.
I thought that was the AI16Z's logo.
See. It's so confusing.
But it is it is the logo, but like it's meant to be this like
anime character. Got it, got it, got it.
Got. It and they and somebody else
created one and the team created one at this like within 24 hours
of each other basically. Got it, got it, got it.
That's when the fun happened and that it dropped like 50%, right?
But that token doesn't really do anything other than just being
like a a representative of that Eliza person.
Yeah. Got it.
OK, this makes perfect sense. So if anyone had any doubts on
the whole AI16Z and Eliza stuff, we should even clip that.
But that's great explanation of what exactly these different
tokens are. What?
What are you liking here? Still on the AI board, right?
Personally speaking, I do not consider fart coin a mean AI
coin at all anymore. I think it's transcended that
like even now. I was just sharing something
dude. Like this huge like these track
fight guys bro, they have massive followings right?
And they're like shilling the hell out of fart coin, which is
really why like this Venn guy just now, like I was just
scrolling through my screen, like this guy's like the one Fed
reporter with the civic courage to ask Powell about four coin
today will be the hero we need. That was before the show, OK.
And and when you look at this guy right, there's a 400,000
followers. Yeah, look, I think far coin is
clearly gone mainstream. It's.
No longer an AI like token right?
I think it's it's that's the great thing about it is that it
does have many layers. Like it is a coin on mainstream.
And then when people start look at they're like, Oh, crap, this
is actually created by an AI. Like that's kind of cool, right?
So I think it's an AI coin in the long term and probably a you
know, it's like a shop coin in the short term.
Like one of these, like we said, like Harry Potter, Obama, Sonic
Teddy knew like it's a it's a similar sort of feeling to it in
that like it's kind of hilarious.
So you just want to buy it and it's on mainstream, but I think
it's just really, yeah, I still think that memes as tokens are
the ones that I get the most. I still find the most bullish.
Like obviously I'm still bullish on GO.
I'm still bullish on Fart coin. Goat feels pretty bottomed here
inshallah, but I I agree. Plays throughout all this, I
was, I was a bit in AAI 16Z and I don't, but I just, I lost my
train of thought about why, like whether the token was really
you. Bottomed that though.
You were on Trey Guy's stream at 150 mil.
You called for the bottom. Like actual stone cold bottom.
I was there. I listened.
But I sold it for FARC coin. Yeah, I mean, that's not a bad
trade. This wasn't a bad trade but like
and similarly I sold zero bro for FARC coin.
I sold all my utility place of FARC coin because I just again I
find it so difficult to to track like that but.
So so by the way, like the holders are up crazy right on
far coin said 46,000 hold. I know you you brought that up
on the show last week. So look at this like it's up.
It's up a lot like you're seeing really fineness influx holders
are going up. So people are saying, obviously
someone's asking how you feel about zero bro here And then
they said zero bro launching infra soon.
Any thoughts on that? I haven't followed that all.
I don't know what's going on. Zero.
Are you following? Zero bro are going to launch
their own model essentially so that anyone can create a zero
Bro like coin. Sorry, agent.
It's it's unclear if that will require zero bro to create the
token. Like will they go down the
virtual's route of agent creation?
Maybe, maybe, but but I also think that zero Bro as a
specific token is is like a quite specific token, right?
It's like a culture bot and he's been trying to create other bots
as well. He's he's also done another like
bought system called Blow Me, which is more like the AI16Z
version, which is like, we want to trade, we want to give you
like an agent that makes you money, that sort of stuff.
I wouldn't rule it out like people like Sierra Row and I
think he ships quite a lot of cool stuff, but I just, I find
it difficult to underwrite that stuff over a long period of
time. Like that's, that's all it is
like and that's meant I've missed AI16Z and virtuals, but
I've been able to yeah, OK, go it's down, but it's still up a
lot since when I bought it. And same far coin.
Like I know that they're not going to 0, whereas some of
these other ones like I I've kind of forgotten some of the
coins that I was talking about two weeks ago, whereas 0.
But I think it's got a shot. It's got a shot.
But like it may it may just be a transitory shot as well.
Like it may just be like a pump. Yeah, 100% anyways at the end of
day Farkle market caps 900 mil you know micro strategy is 90
billion. I like both, but it's pretty
apparent which one is undervalued went side by side.
So I just I was copy pasta and POPO used that used the Pingu as
an example, like 3 bill versus 90 bill saying that micro
strategy undervalued. And I just played on that.
On that note, actually rafflebot dot XYZ, rafflebot RAFFLEBOT dot
XYZ. This time there's not 4000
people live, but there's a lot still.
So don't break the website again, please.
But the code is galaxies. I'm going to get to Greg in a
second here, but the code is galaxies.
GALAXIS to have a chance to win a pudgy Penguin because I just
like kept hammering Penguins in there.
So do you have a chance on the show later today to win a pudgy
Penguin or red guy? It's that simple.
It's one or the other, no one between.
You absolutely love to see that. Another thing that Tyler was
mentioning, Mando is on the again, like on this Federal
Reserve stuff. Like it's dude, like what's your
actual thoughts on this? Because some people say, yeah,
they're probably going to push it, but and they're going to be
leaning on Bitcoin, but it's not going to happen.
Then you have Daily V Bailey that's straight up tweeting like
we're one signature away from a Bitcoin Federal Reserve.
And then you have Donald and Eric and everybody else Trump's,
you know, super bull posting crypto here.
Cynthia Loomis is nonstop like she's become one of the biggest
advocates online, right? Like what are your thoughts here
on this whole Federal Reserve conversation happening?
So not. Federal Reserve.
Strategic reserve. I'm sorry.
Strategic reserve. My bad.
Yeah.
I think, I mean, Trump is heavily indicating, you know,
he's, he's saying, look, we're going to do something special.
He's very much saying that, you know, we may may push through
some sort of executive order. I don't know when an executive
order, if that can still be challenged in certain courts,
like he may sign that and it could get challenged for a long
time. I I just don't even know like
I'd need to speak to a lawyer Like we should get someone on
there about like his with executive powers means you can
do a lot of stuff, but they can still get you can still get
caught up in the courtroom for a long time.
So I don't know what what that will mean and I think.
By the way, it looks like independently some states want
to have their own strategic reserve a Bitcoin.
Yesterday you have Ohio Representative Derek Marion that
introduced the bill to establish that.
And that's, I'm pretty sure the state of Texas also is trying to
establish that as well. So that's the interesting part
of the United States, right, Is that state wise, they can also
run their own bills. So Ohio, all these certain
states we have like a number of states will say in this right
now. So you have Ohio, you have
Florida, I think Pennsylvania maybe as well, but like a bunch
of things saying it. So this may be a state thing as
well. This is the other thing, maybe
like a state reserve. So yeah, I don't, I, I just
don't know, like I, I, I didn't think there should be a high
probability. I still think it will it will
face a lot of backlash if it were get pushed through.
I really do like I don't think I don't think it's although a lot
of people like crypto in the USI don't know if they believe it
should be like a strategic reserve asset.
And they may see it as like it is a very much a special
interest sort of thing. Like it.
You know, crypto has spent a lot of money this last election and
to then get a Bitcoin to reserve reckon there could be some FUD
around that. Like that's why I think it could
be challenging the courts and all this sort of stuff.
And it's, it's very much not like a like a number one thing.
It's, it's, it's, it's definitely not like a given that
I think this would get through, but I think we could.
That's why I also think that the sailor thing, it's just a
correction. Like it's really fucking tough
for, for Bitcoin to go materially lower, even if all
that sailor stuff. And I think a lot of the sailor
stuff is like confusion right now.
Like people actually don't really know.
They see his average price and they think if it goes below
that, he's screwed. But actually it went well below
that during the last pair, right?
If you remember, Sailor's average price was at 38,000 I
think during the last pair. And we went down to like 15 and
he his, his. I think if it went down to maybe
like 4000 or 3000, it was like it was at risk, but similarly
like it would have to go down a lot.
Of. Worry but there will be a time
when Bitcoin goes below his average price.
I'm I'm 100% of that if he continues Bitcoin.
If he keeps on buying every week at higher and higher, you know,
we'll see where that goes. But this?
I wouldn't care about it. Like at the same time, like I
actually didn't care about Sailor until he said I'm going
to buy $42 billion worth of I see, right.
And then that becomes the thing that the market starts pricing
in. And then if that ever gets
challenged, that does that does become a risk.
It's not that like he hasn't done it.
But if that becomes, you know, he can't, he's not, he's the
main one buying, right? Every single week he's coming in
and buying a billion, $2 billion worth of Bitcoin.
He's buying as much as the ETFs at the moment.
Of course it's it's a risk. I get it, I get what you mean.
By the way, no Mando did not say he sold his goat for FARC coin.
He said he sold his AI16Z0 bro for FARC coin.
And as the comments were going crazy saying what?
But Mando saw his goat. No, Mando is like the goat goat.
OK Mando, trust me, he loves his bag, OK?
Like he's emotional about it. So don't worry.
He's not selling his goat. So the comments are going off
Mando thinking he fucking sold your goat.
He's out. He did it.
All right, many, many moons ago, well like 3 weeks ago, I sold my
AI16Z and all my utility coins for fart coin.
Well, two weeks ago, Cook said to me.
This is going mainstream. I bought five coin.
Absolute genius. Absolute genius.
Look far Coin's fun. My goat bag.
Far coin is funny at a dollar. It's going to be even funnier at
$10. Anyways, one last shout out and
let's bring Greg on stage. But I do want to give a shout
out to our boy G Money here. I know he's got a drop today.
I wanted to get him on today, just couldn't because, you know,
we had so much going on bugs and also want to talk to Greg of
Galaxies here. But G Money has this really cool
like 90C black box going for sale today on open sea.
So definitely check it out if you're a fan of 90CC.
I know I am. And so basically each box
includes piece from collection of one network points, iteration
of 421 optimism tokens, and a chance to win a crypto punk.
And then I saw M3 posts that apparently one of the fucking
T-shirts has like a ton of mog in there if you claim it.
I just saw M3 posts about that. And so anyways, price point O
690. I just want to show G Money in
90CC some love because I'm a fan, I'm a friend and I really
like what they're doing and like their T-shirts and gear.