Oh, yo, yo, what up? What up? Good
morning. Good morning. M
G. On Friday, Thursday, Thursday,
Thursday, Thursday, April 25, 2020. Look
at that. Another beautiful day to have a
beautiful day. I got my cohost in the
house, OSF Mando. How are you doing today? Good.
Hey, guys. I'm vibing. I'm
thriving. How are you doing Mando? I'm
doing great, man. Yeah, really good. Dude,
the sun is shining in New York City, like shining,
shining. I went through a walk. I
went through a walk in Central Park today. Oh,
yeah. That was nice. That
felt nice. Who took a screenshot? Me.
Don't, don't, no screenshots. No
screenshots allowed. No screenshots. Did
you take a P &L screenshot? No,
no, God, no. Okay. Okay. It
was not. Okay. It was not. It
was not duck related screenshot either, right?
Maybe. But not about the price.
Oh, no, no, not price, not
price. Just, just making sure, just
making sure over here, because we heard that. And
I was like, holy shit, holy shit. Duck
Jesus working, always working. I
made it into the show. I already think about next
piece of content he's creating for the Epic Duck
account. Speaking of which, I can't stop
laughing when I open the account. Like
it is, I think top five X accounts right now. It's,
it's one of them. It's so funny. It
is so funny. Who gets the night shift?
Because last night the duck was on
fire and y 'all were all asleep. So
the duck in turn is many people. It
is many people. I like that. You
see, that's what you call, wait, did an alien just
sell? Okay. We have a lot to talk
about. We have a lot. Oh,
that was Deepak's. Holy shit. That's
a big loss. I guess that's a good, that's
a good loss. Anyways, okay. Okay.
Hold on. Hold on. Wait,
we got, okay. Today on the show, wow, I didn't
realize an alien sold. Today
on the show, today, today, Daily Market Report, as
usual, crypto, macro. I mean, we're going to talk
about why the fuck we're racing at zero. Oh,
we had a bunch of tweets this morning about macro
and crypto trading like garbage. I
definitely want to hear from you about what's going
on. You got Wizard of Soho, not
about his tweet yesterday, but talking about stack
flation, whatever tweet that was, we're not going to
cover. That was crazy, bro. This
guy's unhinged AF. And then alts, memes and
dreams, hot coins, maniki, epic, moomoo, nub, all that
good stuff. Hot NFTs, bake, promotions, make
all that good stuff. Maniki hit the quarter billion
dollars. Oh my God, dude. How
do I keep missing generational wealth? Dog
coin, so that, that ruined from Leonidas doing pretty
well. Got a gate listing, launched
$300 million. Futures, we futures, big and
straight on Coinbase, with what is crazy is honestly,
meme coins are literally outperforming the entire,
all the majors right now. So
we're definitely going to talk about this for a hot
second. You have so mo launching for
portal stakers, runes are 60 % of Bitcoin transactions
after launch. And it seems like there's a
bullish sentiment returning to ETH NFTs, but also at
the same time, you get that whole ETF conversation.
Again, going around the board. And
anyways, there's definitely lots of stuff to talk
about. And as usual, this show is
powered by airside network on X, wallet coverage, for
drains, scams and more. Protect
your shit and film. Film .io, the world's most
powerful decentralized filmmaking ecosystem. I
really appreciate the interview with them
yesterday. I like the creative mind.
That guy had the hair going,
he's got the fucking beard going. It
was funny, but he's also building something really
cool. So make sure you check him
out. We love our partners. We
love our sponsors. And you know what? I'm
feeling generous today, but I'm going to change things
up. I'm going to change things up
today. I'm going to post a broadcast
link and then I'm going to give $250 away, not to
somebody who retweets the Twitter space is. I'm
going to give $250 away. I'm
going to change things up today to someone who
retweets my tweet about the broadcast. So
I'm going to post it in a second. And
then I'm going to go because I can't type too
much on my computer. Anyways,
anyways, anyways, without further ado, let's get
right to it. I don't have my road caster.
So dum dum dum dum dum dum
daily market report. But
you buy. Oh, SF. Oh,
we talked to him. I'm kidding. I'm
kidding. I'm
kidding. Can you dig it? Yeah,
so market not trading so well. What
was seemingly a nothing then turned into ETF
outflow. We're 120 million outflow
yesterday. BlackRock. notably had no inflow for
the first time in 72 days. It
wasn't an outflow, it was just no inflow. And
then you had the ETGF, an article by Reuters, saying
that most people, most of the ETGF issue is now I
think it's gonna be delayed. There
was nothing from the SEC. It
was just from industry sources. So
people who was in crypto, they think it's not gonna
happen. But I haven't checked
Polymarket, but I would imagine it's gone even
lower now for that to happen. And
then thirdly, you had this GDP print, which just
happened, which is more of a macro headline, but I
think it shows slightly lower growth, about 2 % or
1 .9%, I think it was growth, and then slightly
higher inflation. So everyone's gonna be talking
about stagflation. There's been, that's been the word
on a lot of people's lips for like many years now. I
don't think we've really, we can really say it's
stagflation with inflation at 3%, but I do think
that people will be worried about it. And
you saw the bond market yields went a lot higher
again. Basically people assuming that the
Fed will not be cutting rates this year. So
that's where we're at. Bitcoin
in that environment sold off a little bit. Altcoins
again, slightly underperformed. ETH
went back down to about 3 ,100 on that headline.
Solano I think went down to like
140 area, 142, and Bitcoin is kind of hanging out at
63 .5K right now. So weaker market feels like a
few different things causing it. Again,
I'm not overly worried about this. You
also had some tech earnings yesterday, you had Meta
which performed, their earnings weren't great just
from the cash live burn and some of their
divisions, but that stocks haven't had an amazing day
either. Feels like we're not, nothing's
too bad, nothing's too good. We're
kind of just hanging out here. We're
just chilling. We're just chilling. It's
pre -selling main go away. That's
what we call it. It's pre, pre that. I
think nobody should sell. I actually came in New York
Mando for a very important cause. I'm
gonna go talk to the bankers on Wall Street and
I'm gonna tell the burgers to stop selling. That's
literally my mission here. I
was sent on behalf of crypto Twitter. I'm
an official representative. I'm
carrying CT on my back. You've
seen the photos of my back yesterday. It's
getting pretty strong. So I'm going to carry that
and go and talk to the burgers on Wall Street and
tell them to chill. I mean, what's causing all
this self? Do we know? I
think Ovi, not to throw a curveball at you, but you
talked this morning. That's why I went to go to you.
You had some comments about all
this. So what's happening on that
front? I just, people are so stupid.
Sometimes that really, really annoys
me. Like... Tell me how you really
feel. Tell me how you really feel.
Everyone's like, oh my God,
stagfation. It's like, mate, we had plus 1
.6 % GDP growth. And fasion is 3 .4%, 3 .5%.
Have you, do you understand what
the definition of stagfation is? Stagfation
is unemployment. By the way, labor market is
fucking strong in the US, but stagfation is
unemployment and inflation. We've
literally had almost 10 % inflation in the US. And
now when it's at 3 .5%, it's like, oh my God,
stagfation, it just makes zero fucking sense. I
just don't understand. It's just like, I just see all
these bears in my time and I was like, oh, snow soft
landing now. We had one, we had one, not
even a week, economic data print, by the way. Like
we've had multiple, multiple, very strong
economic data prints. And we have one print, where
GDP was 1 .6 % growth, by the way. Like
it's GDP growth, which we're addressing there. At
last, that was 3 .4%. At last point, it was 3 .4%.
And you're like, that's 3 .7%.
Yeah, it's not a bad number.
It's like, maybe it's not as
crazy, it's not a crazy high number. It's
not a bad number. You can't possibly say, oh my
God, it's not a stagflation recession. I
love this. Yeah, it just makes zero sense.
I completely agree. I'm
here for that energy, man. We're
way getting over our skis here with what we think
stagflation is. Basically what I was saying, like
inflation, we're at 3%. Like
the actual, the Fed want to get it to 2%. We
are 1 % away from where the Fed's actual stated
goal is to get it. We're not talking about it being
like 10 % away or 6 % away. Like
they're very, very close to where they even need it to
be. And the economy's been like
doing incredible. It's been doing very well. 3
.4%, that's outgrowing pretty much every developed nation
except China. So - That's crazy. Oh,
and maybe in the other, I don't even know if you've
got your class interest at the stage, but yeah, they
are doing well. So what the fuck then? Like
from my perspective, I don't have your knowledge
or understanding of stagflation. I
did study through all these crazy words in school, but
I don't really give a shit. But
like why then? Like is this manipulation? Is
it like, you guys are making it seem like, not
making it seem, it's a fact. The
American economy is healthy. The
American economy to me looks much, it looks
strong. It looks stronger than many
other places, at least from the headline figures. That
being said, the stock market's at an all -time
high. Every single asset imaginable
right now is at an all -time high. So
like small wavering can mean they can go down
without it's meaning we're heading to 1970s style
stagflation. Like one economic print of
slightly lower growth than what was predicted does not
mean that we're suddenly heading to the 1970s. Like
it's been years of strong data. It's
just that everything's at all -time high. Everything.
Bitcoin, gold, stocks, all at all -time highs. So
you're just coming down a bit. This
is wild then. I mean, from what I'm hearing
here, everything's fine and people are just tripping.
So I'm actually, I love this
reaction. I have to say, Ovi, that was
great. We needed that. We're
gonna clip that in the back and we're gonna post
this shit. That's not, I just noticed that
Wiz posted about it. And I think Wiz is either just
trolling or just like. No, but he loves, I mean.
Yeah, so that's not aimed at,
definitely not aimed at Wiz, but it is aimed at
everyone else in my time. A
little bit though. I mean, you can throw jabs
at your buy. It's okay. You
can throw jabs. I've not even been on Twitter,
but on another show. So I have no idea what people
are saying. It's maybe just, it's maybe
just, it's not stagflation. Look
at that. Look at this. He
hasn't said it's actually stagflation. He
hasn't said it's stagflation. He
did. I mean, he twisted the group
chat last night. No, no, he texted the group
text this morning. GDP is not down, by the way.
That's what we're saying.
Unemployment is the lowest it's been
for many, many years. But what a, why is he, did we
miss? Did I miss, what? Man,
you guys, you tarred fires in all your terms, bro.
You're killing me, man. It's
a miss. And I do agree with what he's
saying here. Like I agree with the sentiment
where it's a miss and it does mean there's a higher
chance of rate cuts. But I wouldn't be thinking
like, oh my God, this means stagflation right now.
So what's up with this, right?
You guys, I know you follow
this pretty closely by doing yourself as well. OV
went some pretty big moves lower on OI across the
board. Got to be healthy from
positioning standpoint, yet crypto continues to trade
like garbage. I mean, so why are we
trading like garbage? Like I'm just trying to get to
the end of this. Like you guys, everyone's bull,
like honestly, everyone who I think is somewhat smart
on the timeline is bullish. Anyone
who doesn't know what they're talking about is
trying to make bearish trends, but that's the
bearish. They love coming out hibernation
and post like bearish, like make the charts look like
they're going to CRL. So why? Because
what we said yesterday is that the buyer of your old
coin, even your meme coin is not sticky. We've
been pumping our bags between each other largely.
We haven't seen this massive
increase in number of people who are involved
here. So Bitcoin looks okay. Bitcoin
looks like it could go to 100K, but that's what we're
all kind of hoping on. Like
people are feeling the pain because many old coins and
then even Ethan Solana, like they're not trading
that well. And like they have an adoption
part, but a lot of everyone else's bags are
not trading well. Like really, really not trading
well. So the pain of this, like
Bitcoin's caught a cold, even a light cold, but
we're talking about a 10, 15 % move from an all -time
high and shit is down 50%. So
everyone's like freaking out. That
looks like a perfectly strong chart to me with
Bitcoin. It's just like a consolidation
period. Like we've just hit an all -time
high, then we hit a lower high. And
now we're like in this channel now, but yeah, like
nothing points to me. Like we're just going to like
absolutely wreck it. Like nothing. There's
a tweet I liked this morning from Simp. He
goes, two cycles with low volatility, like crab market
for the first 50 days post -having. One
cycle with the spike down for the first 30 days and
then another 50 days of crab market before up only.
At best, at best past cycles
tells us, tell us to take a step off the accelerator
while we work the price. The
crab can pitch post size longer than you can stay
liquid. I know Ovi, when Mando was
not around, you were saying like, yeah, I don't really
look to like previous patterns in cycles to
what's going to happen this cycle, but what do you
think Mando on this? Like is it probably one of the
situations where you're better off just not do
shit than September is going to just be like
ridiculous? I don't generally look at
previous cycles and assume that we are going to be
the same. Like I think that's, some people
do do that. We've only had four cycles,
right? Four halvings. So
like the statistical data there, very low, very, very
low. Anyone know statistics? Like
if you have four versions of something, like it's not
like you can sit there and go like, oh, this is
statistically significant. No.
So I wouldn't point and be like, oh, this is going to
be as active as the last time. Like
it feels very different in terms of flows to a lot
of the last stuff. I think people who assume
it's going to be like the last time, like if you
assumed you were going to have an old coin cycle, if
you assume that Bitcoin was going to have a, wasn't
going to hit its all time high before the halving. If
you assume, like you've just been wrecked. Like
all these assumptions of it would be like the last
time, gets you destroyed. So
I wouldn't assume that at all. I
think for me, I'm just looking at the flows.
Obviously the Bitcoin ETF flows have
slowed. At the same time, I see all
the big wealth management arms now pointing towards
the fact they are going to initiate buys. And
then you have on Monday, I think it is the Hong Kong
ETFs are going to launch. I
think we're in a strong scenario still for flows
here. I think it's still still so
steady in flows. It's been slightly diminished and
part of that's the macro. Like
the last three weeks have definitely been weaker from
a macro perspective for stocks. But
yeah, I'm still, I'm still super bullish on Bitcoin
going high. Did you just find it a little
ironic that before the ETFs and this and that, we're
like, oh, we don't care about Tretvi. Oh,
this and that. And now that we have the ETFs,
like the whole timeline cares about micro so much.
Like I can assert amount of
caring about macro. Is that ironic? It's
only been the last two weeks, right? I
don't know. Like a lot of people are like
obsessively obsessed with like macro and trends and
like what's going on. Honestly,
and since the whole like Middle East flare up, I
hadn't heard people talk about macro for a while.
Like that was the first time.
And then suddenly it was like,
fuck. All right, we need to stop
paying attention. Yeah. And then then it's really
like we sold off yesterday because of Meta stock. And
I was like, what? Is that really why we sold
off? We sold off as soon as Meta
earnings came out. Like we Bitcoin sold off. And
I was like, wow, I haven't seen stuff like that for a
long. We have the Coinbase earnings
on May 2nd. You can only assume those have
been up because of the 11 ETF issuers kind of using
the custody and everything. So
I think so that case. I think it's legitimate,
basically, what I'm saying. And
people are caring about it because suddenly the
correlation to stocks, particularly tech stocks, is
gone up quite a lot. After a period of it having
basically no correlation, had much more of a
correlation to gold, actually. And
what's really broken down is that we are gold. You
know, gold's still near its all -time high or has been
pushing closer, it's all -time high and Bitcoin kind
of lagged and traded much more like stocks. So
I think that's why people are suddenly caring about
all this macro stuff. Each of these data figures
suddenly is a very, very big deal again. Yeah,
I don't know. I just find it ironic.
However, we have been covering those
macro trends for like two years now on here. So,
you know, anyway, just a reminder, Goddamn, there's a
lot of people watching on video. See,
all I have to do is give you guys 200 bucks and you
guys finally move the video. Look
at that. Love you guys. Well,
at the top of the spaces, you know, I posted the
video link. One retweet. Hold
on, hold on. You have to retweet and you
have to follow us. Yeah, that's what you got to do.
You got to follow FOMO hour,
FOMO, HOUR, the best show, the best show. Mando,
actually, you were on the second best show this
morning. How was that? Great.
Great. This guy's a good guy. How's
our boy Clemente doing? We are going to take him with
us and we are going to break the... I've
decided. I have decided as well. And
I know you were saying that yourself like a few
days ago. We are going to break the
Clemente curse with EpicDuck. We
are going to take him with us to the Promised Land.
How was that? It
was a good show. Yeah, like we just... To
be honest, we didn't talk about the duck that much.
Like I spoke to Clemente a
little bit about it. There was only a small segment.
They really like... They
really went in on me and all the macro stuff. Like
they were asking about text like Nvidia, Nvidia versus
Bitcoin. They asked me. And
they asked me... So Nvidia versus Bitcoin. So...
Coinbase versus MicroStrategy. They
asked me. They really went in on like a
range of different topics. The
duck was a small bit of what was a broad like data
dump of what I think about everything. That's
the old man though. I mean, this guy worked 10
years at Barclays only to become Solano's best meme
coin dev. That is crazy. That
is crazy. Whatever you've learned before,
unlearn it. This is a new paradigm. New
paradigm over here. One of them became one of the
biggest artists in space, launched your collection.
The other guys launched you a
meme coin called the EpicDuck. I
mean, holy shit. I wonder what the people that
work with your Barclays think. It
doesn't look like the duck if I'm honest. I
don't think it's true. We need an ETF. We
need Barclays to start bidding. Can't
get Goldman Sachs on the phone. Dude,
that article yesterday in the in by Bloomberg is
wild. Which one? Let's
talk about that. The meme coin one, where
they're like all these funds are going to... They
would talk about they have that people have like meme
funds, right? In the same way that they
have NFT funds. They're not going to have any of
that. They're going to have meme coin
funds. I think that will happen. I
even said on the show, like, I think if if I was
to say, hey, I'm going to launch a meme coin fund to
a bunch of people, they would give us money
tomorrow. We should do it. Should
we do it? I don't want to. I
don't want to manage those money. But
at the same time, it's it's people will do that
100 percent. They'll do it on some on some
should launch. Actually, on some would be perfect
for that. He should get a quant to work
with him in the back. And like someone who's like not
at the forefront at all. But
that's a genius. My God, this is my like that
the meme, the quant like he like hires one of the
Nicaragua. Remilios and then like and then he
just gets in. I mean, what do you think? I
mean, this is like this is pretty wild. Hedge
funds are succumbing to mind boggling returns on
meme coins. Seen as the first cycle where
funds are jumping into memes, dog with hats rally
attracts the attention of crypto hedge funds, which
is funny because I was hanging out and playing
poker a few weeks ago. I don't remember talking about
it, but a couple of months ago, a week, I forget all
the time with a bunch of my like Tart five friends
from Montreal. And they were all obsessively
talking about dog with hat like they could not. And
they're not into crypto at all. They
don't they do not buy crypto. They
don't understand it, right? They'll
buy Bitcoin, maybe. But like they kept saying, oh,
my Bloomberg terminal keeps talking about the dog with
hat like it's been a minute that Bloomberg's been
like all over that. Yeah. So study that. Study
my bags being the on -border into the memes.
Okay. The hat stays on. Anyways,
another news. You guys mentioned poly market
earlier. I mean, let's open poly
markets 50 % now. 50%. What are we? I
will stand by my call because it will make a
really good clip if it happens. And
I'm going to look like a genius. Yeah.
It happened because if it doesn't happen worst case,
like, well, duh, we knew that. But
if it does happen and really look like a genius,
it's going to happen. What do you guys think? Should
we take the bet now? I still haven't taken the
bet. What's the latest? It's
a weird one because it feels like everything
suggests like that it's not happening. Feels
high to me now. Yeah. It's high to me. Well,
it's, but, but the, if you read the headline, it says
that, um, the guys went to them and were like, oh,
um, you know, you should approve this because of the
futures bond and they just didn't have any comments
back. So it sounds like the reason
why all the, um, the reason why all the, um,
Bloomberg guys are saying it's not going to happen
is because there hasn't been any like actions to
suggest that it should in terms of like developments
on the process. And remember, like the Bitcoin
one, we had all these comments come back and
forth on that kind of stuff. So
it sounds like the SEC just hasn't like even
engaged with it, which means they're going to
reject it, but no one really knows on what
grounds they're planning to reject it, which is
interesting because that's what opens them up to
another court case from the lawsuit. I
mean, for the one tiny, tiny, pro, percent
probability that they, that they do actually approve
it, the reasoning could be that because they've been
through that whole process with Bitcoin, there's
nothing else to really do. It
should just be the same thing. Um,
they shouldn't be, there doesn't need to be that
many amendments, but obviously that's, you know,
very wishful thinking. But, um, yeah, I'm curious to
see what, under what grounds or what reasoning.
Yes, you see, are going to
reject it because that hasn't, that's something
that hasn't been reported. They
gave some light indication that it could be to do
with like the lack of volume or like, well,
that's some statistical data or something like that.
That's what they said. They
said it could be like basically a bullshit busy.
What's, what's volume is lacking on
Ethereum? I don't know, but like
basically saying that there's just not enough
depth for them to be, be sure of market manipulation,
which is basically what they said for Bitcoin. And
I think in some way they're probably going to
call people's bluff here in that who's going to, who,
I've said this before, but who's doing that lawsuit? I
mean, yes, it is. Somebody's
got to then do them. Right.
And please quit the SEC last week. We
all shared that article. Yeah.
But that was for something slightly different. It
was, it was two judges about, um, but it wasn't,
it wasn't to do with something like this. Like
some of you would now have to do what Grayscale did
and basically take on a two year or maybe a year
long, um, court case battle and maybe a judge slaps
back the SEC, but somebody's still going to
want to do that. And I think in some way
they're going to probably come up with a bullshit
reason and hope that's nobody's going to fucking
come for them. That's somebody, somebody would.
Okay. Well, we'll see. Anyways,
top, uh, top gainers, top losers of the last 24
hours here, uh, Jupiter back down to a dollar, uh,
we've got slept back down to $3, but that's not that
bad. The funny one was Hedera. So
it turns out that the Hedera news was fake. Well,
not fake, but there's no partnership with BlackRock.
And I definitely found it weird
when I saw that. Have you guys ever heard of
someone using Hedera? That it is a meme. Yeah.
I know it's weird. Like it's one of these L ones
that people. It's a meme, bro. People
have just said it has like big industrial, like some
of these block chains, I know we all like using for
form of exchange, but some of them have, they've tried
to go down like the, the B2B route. They've
gone to go like, right, we're going to do, we're
going to build a system or like a blockchain, which
would be useful for different companies to
record data or like in the same way that like you
have, you know, like data storage, IBM, that sort of
stuff. Like, um, they've, they've decided
to go down that route. And I don't know who uses
Hedera, but generally people have always said that they
had a partnership with Microsoft, I think back in
the day, like Hedera. I don't know. Like,
is that a real partnership? It's
definitely a B2B style blockchain. I
don't know anyone who's using it, but that doesn't
mean they're not trying to use it. Yeah.
I mean, the, the, the headlines, there are jumps,
130 % admit BlackRock confusion. Um,
each bar skyrocketed after an announcement that name
dropped BlackRock, but the price is now falling as
the investment giant says it's not directly involved.
Uh, BlackRock was probably like,
Hey yo, what the fuck? Yo, dang, using my name for, I
mean, it's like the new Google cloud announcement.
You know, when there was a
second where like everybody was working with Google
last site, last, last cycle, yes, remember that
everybody was partnered with Google. They
probably like co -hosted an event. And,
uh, and people like a, a Sankya set on Wall Street,
uh, that Hedera paid for. And
people thought they were doing a partner together. I
think this is like, for what it's worth, like,
that's like some crazy gross negligence. Uh,
and there's, there's like, there's things like that
that happen. I'm like, holy shit. So
it's pretty wild. Anyways, anyways, anyways, the other
big news, which I thought was fun, uh, it's funny
cause it's like, I wish this was an ordinal or an
NFT or whatever. But did you guys see the
famous buy Bitcoin sign that was held behind
Yellen? I thought that was some
really fun news yesterday. So
the buy Bitcoin notepad held behind Janet Yellen
sell sells for $1 million. The
iconic sign was held before cameras during the televised
house financial services committee hearing in 2017.
So at this stage, I think
anybody that listens to our show has seen, uh, this
sign. So this is now the world's
most expensive notepad. $1 million. Not
bad, right? Collectibles. Listen, collectibles are
always going to have a market. So
back in 2017, a 22 year old intern crudely scribbled
by Bitcoin in a yellow legal notepad, he then held
the four mentioned pet up during a televised house
financial service committee hearing. Now,
seven years later, the pad has sold for a cool 1
.019, uh, Bitcoin. So this is it. This,
this was the, you're looking at that video. It's
so good. Am I sharing the video? Yeah,
it's so good. And he was, um, where's the
notepad? Hold on. There
it is. There it is. So
good, dude. Then he did that. I
love that he sold it. Uh, I love that it's, look at
that. Bitcoin then jumped to $2 ,400.
That, after that crazy. And
you got people on the timeline bitching about 64
KB. Habibi, by the way, Habibi 63 K.
By the way, sorry. 63 .364.
Um, by the way, Habibi speaking
of Habibi, did you guys see that the government of
Dubai is deploying 80 million, 80 billion AED. So
that's like $20 million. No,
just kidding. Uh, divided by four. About
20 bill, uh, into a sewer system for Dubai. Oh,
really? Yeah. They're deploying capital.
Steady. What do they use now?
There's no sewer system. That's
why we had the floods. There's
no drainage system. Drainage.
Yeah. There is a sewage system. No,
there's not, bro. Well, where does, I'm not
kidding. Look at this. Look
at this. I will show you the article.
I will show the article. Shea
Hamdan approves the $21 .8 billion sewerage plan. Yeah,
I know, but they, I mean, It says sewerage. Look,
sewerage. The project aims to create a,
Where do you think your shit goes, mate? Mate,
I don't know where my shit goes, but it definitely
smells like shit in the villas on the palm. So
it definitely doesn't go to sewage, bro. Like,
I don't know. I don't know. I'm
going to, I'm going to be banned from the UAE at
this stage. I got to, I got to be
careful what I say. I was like really waiting to
leave the country before I talk my shit. But,
uh, yeah, bro, bro, I'm Iranian, bro. There's
like a lot of tensions between Iran and the UAE
right now. I ain't trying to get in
trouble over there. Um, I mean, I'm only Iranian
in blood, not on paper. Anyways,
we're not going to get into geopolitics right now.
Uh, I said, what the fuck is
going with the market? I mean, I check price, bad
price. I mean, what? Salana
is trading at $144 now. I was in there all morning,
man. I was promised, I was
promised dreams. I was promised $200 sold.
Yeah. I don't know. I
think we're just hanging out for just hanging out.
Dude, I need Raj right now to
go and blow on the fucking, like, you know, I
blow on the fucking cartridge and, and, and
make it work better. Um, yeah. See,
no, see, see, I saw shade at the burst Khalifa. They
have a hundred crops that come and pick up the shit
and transport it. There's no sewer system. Yeah,
mate. I'm telling you, bro. I'm
telling you, uh, wild. There's
dude, it was built in the desert. What
do you think the shit goes in the sand? Like
there's nothing under it. It's
like, like, where, where does the Dubai shit? This
is wild. I mean, I told you that they
didn't have under ground cable, right? Like
I said, I've been broadband really bad there. What
happens when you poop in a burst Khalifa toilet? He's
not kidding. Let's see. Yeah,
there's like different plants, like privately. I'm
not kidding. Wow. Yeah, we need to, I'm
going to investigate this. This
feels like something that. It's
a septic tank, right? Most like UK houses that they're
out in the middle of fucking nowhere have the
same system. Like every six months, you'll
come and get your poop pumped out of it. So
it's a septic tank. They were a site. They
all live off of it because it's basically like just a
fake piece of sand. They recycle and convert your
waste. Four million people who live in
Dubai. Like a baby. I
think quite a lot of Americans to have septic
tanks too, right? Listen, I don't know. I
don't know, bro, but it literally says that it's at
least they could see. That's
the official government website. So
they're storing crap in the streets in 50 degree
weather in UAE. How does that place not? No,
it's it's underground. It's underground. It's
underground in tanks. Mate, I'm not sitting in the
street. It's it's under a tank. Let's
let's get it. Has an underground tank. That's
what we walk around in the grass. No,
we go to the street. I need I don't know. They
must have some form of sewage, man. But
there's no way the four million people are just
putting it into sewage tanks. Mate,
golfnews .com. I'm I'm literally on Reddit
right now because I was like, I need you to debunk
me this. I found an article new Dubai
areas. There is some of them. They're
working on it. Oh, that was 2011. I
guess now there may be. Anyways,
that was not the topic of conversation. Right.
I don't think that was in our FOMO hour document.
Anyways, well, you know, I mean,
hey, the more you know, I mean, this show is meant
to educate people. Anyways, you know what? Let's
let's quickly go over this. So
look, Epic's doing well. Coins
are doing well. Let's talk for a minute about
about thread. I'm going to die in a minute
by the way. I should accept. I've
got 6%. So you're going to. OK,
well, OK, so you have enough for two more
minutes. So thread guy put a tweet
yesterday that seemed to have pissed off a lot of
people. But I don't think he meant it
that way. So the first trap with be
careful. No. I was talking with Mika's
parents at the Museum of the Future in Dubai.
They're lovely, lovely parents. And
we talked about their son -in -law pause and they love
him. They love him. They're
wait, what? Anyways, thread guy, he posted
something about about the Apes yesterday. About
the social bottom of the Apes. I
have to say I tend to agree with him because even
me to that, I wish the Apes a happy third birthday
because they like they were important part of my like
trajectory in this industry and everybody's hating. So
he said board Apes socially bottomed. I
don't know what happens to price, but there's no
possible way for sentiment to go lower. Every
popular big PFP left and sold. It's
normal to scroll the timeline. Oops.
And see hundreds of you collapse. Fuck
post blah, blah, blah. What the fuck is the web? Big
imagery counterculture again, just an observer and people
hate on him, but when he meant this, this, so
backless pretty much rolling stone at this stage. Posted
this about being dead. What do you guys say? Do
we think that they've socially bought? Do
we agree with? I personally agree with thread
guy sentiment because he did not mean in the bad
way. I think the price is bottom.
I said this on the show last
week. I said this to OSF and I
said, look, I think they have bottoms. I
would be a buyer. Go back and check. I
said exactly this is the first time in, since we
sold that I was like, I would buy them here because
as soon as they start doing things with it, un
-shackling the original team, they can go hard. I'm
not saying they can do a 5, 10 X, but I think they
could easily go back to the low 20s. Very,
very easily. You know, interestingly enough,
and that's what happens very often when you raise
capital from institutions. It
seems like they were completely tapped out of
their own company. Like seriously, like Gargar made
a comment, about how board a club ended up in the
wrong hands. Like he doesn't very happy about
previous management and everything. So
there's lessons in there from, you know, who you
raise money from and who you trust, but it seems
like they've dropped their, there it is. He
goes, I could be down. I could be down about what
was done to my baby. I think those on chain fuck
ups are too big of a drag plus fit into the
background or I could go on the warpath to fix
everything and hope folks have my back as I do
that. So, dude, you know, typical
like, you know, raising money, letting the suits,
telling you how to fucking run your company, a culture
company in a new industry that you probably understand
better than them and that happening. And
we've seen that happen over and over again with a lot
of brands and companies in this industry. So,
you know, just because funds, you know, have money
doesn't mean to know what the fuck they're doing. Of
course not. And I even said on the show
last week, we also, we all generally benefit. I
know if people who sold, but like we all benefited
from those big dreams. Like Apecoin was a lot of money
for a lot of people, right? Like
in this space. So we all wanted to believe
those dreams and then it's only over the course of
the last year or so that like it's been. Every
time a VC got involved with one of the NFT
projects, the project almost went to zero, bro. It's
the truth. It's the truth. Study
2021 projects that are nowhere to be seen to be
found now. And while they raise 50 million
fucking dollars, that doesn't mean don't raise
money. We need money to run these
companies, but maybe be careful who you raise from.
Like Luca raised money from 1KX,
small round like 10, 12 million. I
think it was a figure what they announced and he's
thriving. Right. So I think I would be
very careful. Like as a founder, like where,
where I pick who I pick with anyways, let's pick a
winner for a $250 win today. Make
sure you have a better account of course. So
you all you have to do is follow up from our, there
you go. And you've shared the stream.
We're going to do this every day
because we have 3000 people on stream. So
since this is some mostly video show, I'm just going
to start doing this every day. So
continue here. Let's do draw 200 entries loaded
only. Wow. That's a high chance to
win $200. And tomorrow reminder, there's a
robot loot box. Spends there's three spins, but
remember the guy that we couldn't find last time was
buggy. We're going to honor that because
I think we're honorable people. So
he was actually on the stream. He
couldn't come up. So we're going to give him
one of the spots and then pick two people as well.
So Alex on chain, you're able
to come on. So I'm not going to show the
rejected begin the draw and there you go. 1d 1717 here
for Bernie. You don't have to come on
stage, but Bernie take a screenshot of that. There
you go. You want 250 United States. Oh,
he's here on chain. He's on there. He's
the guy who's going to win tomorrow or at least
potentially win a crypto park chat to 3000 people
in here. I'm in New York. Let's
fucking get it. Mando Ovi. I
will see you all tomorrow morning. 10 30 am Easter
start time for the episode of FOMO hour on work
radio. Let's go.