1 00:00:00,000 --> 00:00:04,560 Oh, yo, yo, what up? What up? Good 2 00:00:04,560 --> 00:00:06,680 morning. Good morning. M 3 00:00:06,680 --> 00:00:13,920 G. On Friday, Thursday, Thursday, 4 00:00:14,600 --> 00:00:22,240 Thursday, Thursday, April 25, 2020. Look 5 00:00:22,240 --> 00:00:25,080 at that. Another beautiful day to have a 6 00:00:25,080 --> 00:00:27,760 beautiful day. I got my cohost in the 7 00:00:27,760 --> 00:00:32,340 house, OSF Mando. How are you doing today? Good. 8 00:00:32,479 --> 00:00:36,280 Hey, guys. I'm vibing. I'm 9 00:00:36,280 --> 00:00:38,900 thriving. How are you doing Mando? I'm 10 00:00:38,900 --> 00:00:40,900 doing great, man. Yeah, really good. Dude, 11 00:00:41,160 --> 00:00:44,380 the sun is shining in New York City, like shining, 12 00:00:44,580 --> 00:00:46,360 shining. I went through a walk. I 13 00:00:46,360 --> 00:00:48,460 went through a walk in Central Park today. Oh, 14 00:00:48,460 --> 00:00:50,640 yeah. That was nice. That 15 00:00:50,640 --> 00:00:53,880 felt nice. Who took a screenshot? Me. 16 00:00:54,320 --> 00:00:57,580 Don't, don't, no screenshots. No 17 00:00:57,580 --> 00:01:00,680 screenshots allowed. No screenshots. Did 18 00:01:00,680 --> 00:01:02,740 you take a P &L screenshot? No, 19 00:01:02,820 --> 00:01:05,519 no, God, no. Okay. Okay. It 20 00:01:05,519 --> 00:01:08,060 was not. Okay. It was not. It 21 00:01:08,060 --> 00:01:09,780 was not duck related screenshot either, right? 22 00:01:12,480 --> 00:01:14,120 Maybe. But not about the price. 23 00:01:15,040 --> 00:01:16,480 Oh, no, no, not price, not 24 00:01:16,480 --> 00:01:19,960 price. Just, just making sure, just 25 00:01:19,960 --> 00:01:21,900 making sure over here, because we heard that. And 26 00:01:21,900 --> 00:01:24,780 I was like, holy shit, holy shit. Duck 27 00:01:24,780 --> 00:01:27,100 Jesus working, always working. I 28 00:01:27,107 --> 00:01:29,000 made it into the show. I already think about next 29 00:01:29,000 --> 00:01:31,360 piece of content he's creating for the Epic Duck 30 00:01:31,360 --> 00:01:33,700 account. Speaking of which, I can't stop 31 00:01:33,700 --> 00:01:35,320 laughing when I open the account. Like 32 00:01:35,320 --> 00:01:40,320 it is, I think top five X accounts right now. It's, 33 00:01:40,320 --> 00:01:43,300 it's one of them. It's so funny. It 34 00:01:43,300 --> 00:01:44,940 is so funny. Who gets the night shift? 35 00:01:45,400 --> 00:01:47,540 Because last night the duck was on 36 00:01:47,540 --> 00:01:52,000 fire and y 'all were all asleep. So 37 00:01:52,000 --> 00:01:54,240 the duck in turn is many people. It 38 00:01:54,240 --> 00:01:56,680 is many people. I like that. You 39 00:01:56,680 --> 00:02:00,420 see, that's what you call, wait, did an alien just 40 00:02:00,420 --> 00:02:02,360 sell? Okay. We have a lot to talk 41 00:02:02,360 --> 00:02:03,660 about. We have a lot. Oh, 42 00:02:03,660 --> 00:02:05,680 that was Deepak's. Holy shit. That's 43 00:02:05,680 --> 00:02:08,680 a big loss. I guess that's a good, that's 44 00:02:08,680 --> 00:02:09,979 a good loss. Anyways, okay. Okay. 45 00:02:10,300 --> 00:02:11,320 Hold on. Hold on. Wait, 46 00:02:11,380 --> 00:02:14,020 we got, okay. Today on the show, wow, I didn't 47 00:02:14,020 --> 00:02:15,440 realize an alien sold. Today 48 00:02:15,440 --> 00:02:18,460 on the show, today, today, Daily Market Report, as 49 00:02:18,460 --> 00:02:20,540 usual, crypto, macro. I mean, we're going to talk 50 00:02:20,540 --> 00:02:22,900 about why the fuck we're racing at zero. Oh, 51 00:02:22,900 --> 00:02:24,640 we had a bunch of tweets this morning about macro 52 00:02:24,640 --> 00:02:26,400 and crypto trading like garbage. I 53 00:02:26,400 --> 00:02:28,040 definitely want to hear from you about what's going 54 00:02:28,040 --> 00:02:31,620 on. You got Wizard of Soho, not 55 00:02:31,620 --> 00:02:34,000 about his tweet yesterday, but talking about stack 56 00:02:34,000 --> 00:02:37,440 flation, whatever tweet that was, we're not going to 57 00:02:37,440 --> 00:02:41,460 cover. That was crazy, bro. This 58 00:02:41,460 --> 00:02:46,160 guy's unhinged AF. And then alts, memes and 59 00:02:46,160 --> 00:02:49,940 dreams, hot coins, maniki, epic, moomoo, nub, all that 60 00:02:49,940 --> 00:02:52,380 good stuff. Hot NFTs, bake, promotions, make 61 00:02:52,380 --> 00:02:54,780 all that good stuff. Maniki hit the quarter billion 62 00:02:54,780 --> 00:02:57,740 dollars. Oh my God, dude. How 63 00:02:57,740 --> 00:02:59,980 do I keep missing generational wealth? Dog 64 00:02:59,980 --> 00:03:02,660 coin, so that, that ruined from Leonidas doing pretty 65 00:03:02,660 --> 00:03:04,200 well. Got a gate listing, launched 66 00:03:04,200 --> 00:03:08,260 $300 million. Futures, we futures, big and 67 00:03:08,260 --> 00:03:11,500 straight on Coinbase, with what is crazy is honestly, 68 00:03:11,600 --> 00:03:13,600 meme coins are literally outperforming the entire, 69 00:03:13,740 --> 00:03:15,100 all the majors right now. So 70 00:03:15,100 --> 00:03:17,400 we're definitely going to talk about this for a hot 71 00:03:17,400 --> 00:03:19,380 second. You have so mo launching for 72 00:03:19,380 --> 00:03:24,160 portal stakers, runes are 60 % of Bitcoin transactions 73 00:03:24,160 --> 00:03:26,480 after launch. And it seems like there's a 74 00:03:26,480 --> 00:03:29,360 bullish sentiment returning to ETH NFTs, but also at 75 00:03:29,360 --> 00:03:32,100 the same time, you get that whole ETF conversation. 76 00:03:32,100 --> 00:03:36,040 Again, going around the board. And 77 00:03:36,040 --> 00:03:38,340 anyways, there's definitely lots of stuff to talk 78 00:03:38,340 --> 00:03:39,560 about. And as usual, this show is 79 00:03:39,560 --> 00:03:43,700 powered by airside network on X, wallet coverage, for 80 00:03:43,700 --> 00:03:46,220 drains, scams and more. Protect 81 00:03:46,220 --> 00:03:49,260 your shit and film. Film .io, the world's most 82 00:03:49,260 --> 00:03:51,580 powerful decentralized filmmaking ecosystem. I 83 00:03:51,580 --> 00:03:52,820 really appreciate the interview with them 84 00:03:52,820 --> 00:03:54,240 yesterday. I like the creative mind. 85 00:03:54,420 --> 00:03:55,400 That guy had the hair going, 86 00:03:55,580 --> 00:03:57,120 he's got the fucking beard going. It 87 00:03:57,120 --> 00:03:58,940 was funny, but he's also building something really 88 00:03:58,940 --> 00:04:00,360 cool. So make sure you check him 89 00:04:00,360 --> 00:04:01,620 out. We love our partners. We 90 00:04:01,620 --> 00:04:03,860 love our sponsors. And you know what? I'm 91 00:04:03,860 --> 00:04:05,680 feeling generous today, but I'm going to change things 92 00:04:05,680 --> 00:04:07,500 up. I'm going to change things up 93 00:04:07,500 --> 00:04:09,180 today. I'm going to post a broadcast 94 00:04:09,180 --> 00:04:13,980 link and then I'm going to give $250 away, not to 95 00:04:13,980 --> 00:04:16,500 somebody who retweets the Twitter space is. I'm 96 00:04:16,500 --> 00:04:17,760 going to give $250 away. I'm 97 00:04:17,760 --> 00:04:19,820 going to change things up today to someone who 98 00:04:19,820 --> 00:04:22,480 retweets my tweet about the broadcast. So 99 00:04:22,480 --> 00:04:24,420 I'm going to post it in a second. And 100 00:04:24,420 --> 00:04:28,100 then I'm going to go because I can't type too 101 00:04:28,100 --> 00:04:29,640 much on my computer. Anyways, 102 00:04:29,920 --> 00:04:31,880 anyways, anyways, without further ado, let's get 103 00:04:31,880 --> 00:04:33,340 right to it. I don't have my road caster. 104 00:04:33,640 --> 00:04:36,420 So dum dum dum dum dum dum 105 00:04:36,420 --> 00:04:40,940 dum dum dum dum dum dum daily market report. But 106 00:04:40,940 --> 00:04:43,660 you buy. Oh, SF. Oh, 107 00:04:43,720 --> 00:04:51,800 we talked to him. I'm kidding. I'm 108 00:04:51,800 --> 00:05:01,700 kidding. I'm kidding. I'm 109 00:05:01,700 --> 00:05:04,800 kidding. Can you dig it? Yeah, 110 00:05:04,840 --> 00:05:13,340 so market not trading so well. What 111 00:05:13,340 --> 00:05:16,500 was seemingly a nothing then turned into ETF 112 00:05:16,500 --> 00:05:18,740 outflow. We're 120 million outflow 113 00:05:18,740 --> 00:05:22,140 yesterday. BlackRock. notably had no inflow for 114 00:05:22,140 --> 00:05:24,900 the first time in 72 days. It 115 00:05:24,900 --> 00:05:27,800 wasn't an outflow, it was just no inflow. And 116 00:05:27,800 --> 00:05:32,560 then you had the ETGF, an article by Reuters, saying 117 00:05:32,560 --> 00:05:36,240 that most people, most of the ETGF issue is now I 118 00:05:36,240 --> 00:05:39,100 think it's gonna be delayed. There 119 00:05:39,100 --> 00:05:40,900 was nothing from the SEC. It 120 00:05:40,900 --> 00:05:43,340 was just from industry sources. So 121 00:05:43,340 --> 00:05:45,400 people who was in crypto, they think it's not gonna 122 00:05:45,400 --> 00:05:47,940 happen. But I haven't checked 123 00:05:47,940 --> 00:05:49,700 Polymarket, but I would imagine it's gone even 124 00:05:49,700 --> 00:05:52,660 lower now for that to happen. And 125 00:05:52,660 --> 00:05:55,140 then thirdly, you had this GDP print, which just 126 00:05:55,140 --> 00:05:57,980 happened, which is more of a macro headline, but I 127 00:05:57,980 --> 00:06:02,640 think it shows slightly lower growth, about 2 % or 128 00:06:02,640 --> 00:06:06,620 1 .9%, I think it was growth, and then slightly 129 00:06:06,620 --> 00:06:09,040 higher inflation. So everyone's gonna be talking 130 00:06:09,040 --> 00:06:14,080 about stagflation. There's been, that's been the word 131 00:06:14,080 --> 00:06:18,380 on a lot of people's lips for like many years now. I 132 00:06:18,380 --> 00:06:20,960 don't think we've really, we can really say it's 133 00:06:20,960 --> 00:06:26,040 stagflation with inflation at 3%, but I do think 134 00:06:26,040 --> 00:06:27,400 that people will be worried about it. And 135 00:06:27,400 --> 00:06:30,180 you saw the bond market yields went a lot higher 136 00:06:30,180 --> 00:06:32,040 again. Basically people assuming that the 137 00:06:32,040 --> 00:06:37,400 Fed will not be cutting rates this year. So 138 00:06:37,400 --> 00:06:38,800 that's where we're at. Bitcoin 139 00:06:38,800 --> 00:06:41,780 in that environment sold off a little bit. Altcoins 140 00:06:41,780 --> 00:06:45,540 again, slightly underperformed. ETH 141 00:06:45,540 --> 00:06:48,040 went back down to about 3 ,100 on that headline. 142 00:06:49,080 --> 00:06:50,240 Solano I think went down to like 143 00:06:50,240 --> 00:06:56,520 140 area, 142, and Bitcoin is kind of hanging out at 144 00:06:56,520 --> 00:07:00,700 63 .5K right now. So weaker market feels like a 145 00:07:00,700 --> 00:07:02,420 few different things causing it. Again, 146 00:07:02,480 --> 00:07:04,420 I'm not overly worried about this. You 147 00:07:04,420 --> 00:07:06,680 also had some tech earnings yesterday, you had Meta 148 00:07:06,680 --> 00:07:10,120 which performed, their earnings weren't great just 149 00:07:10,120 --> 00:07:11,560 from the cash live burn and some of their 150 00:07:11,560 --> 00:07:15,360 divisions, but that stocks haven't had an amazing day 151 00:07:15,360 --> 00:07:19,740 either. Feels like we're not, nothing's 152 00:07:19,740 --> 00:07:21,780 too bad, nothing's too good. We're 153 00:07:21,780 --> 00:07:25,460 kind of just hanging out here. We're 154 00:07:25,460 --> 00:07:27,380 just chilling. We're just chilling. It's 155 00:07:27,380 --> 00:07:30,200 pre -selling main go away. That's 156 00:07:30,200 --> 00:07:34,100 what we call it. It's pre, pre that. I 157 00:07:34,100 --> 00:07:36,840 think nobody should sell. I actually came in New York 158 00:07:36,840 --> 00:07:40,040 Mando for a very important cause. I'm 159 00:07:40,040 --> 00:07:42,380 gonna go talk to the bankers on Wall Street and 160 00:07:42,380 --> 00:07:45,340 I'm gonna tell the burgers to stop selling. That's 161 00:07:45,340 --> 00:07:46,600 literally my mission here. I 162 00:07:46,600 --> 00:07:49,380 was sent on behalf of crypto Twitter. I'm 163 00:07:49,380 --> 00:07:51,340 an official representative. I'm 164 00:07:51,340 --> 00:07:53,720 carrying CT on my back. You've 165 00:07:53,720 --> 00:07:55,300 seen the photos of my back yesterday. It's 166 00:07:55,300 --> 00:07:58,080 getting pretty strong. So I'm going to carry that 167 00:07:58,080 --> 00:08:02,200 and go and talk to the burgers on Wall Street and 168 00:08:02,200 --> 00:08:04,360 tell them to chill. I mean, what's causing all 169 00:08:04,360 --> 00:08:05,780 this self? Do we know? I 170 00:08:05,787 --> 00:08:08,380 think Ovi, not to throw a curveball at you, but you 171 00:08:08,380 --> 00:08:09,840 talked this morning. That's why I went to go to you. 172 00:08:09,960 --> 00:08:12,340 You had some comments about all 173 00:08:12,340 --> 00:08:13,560 this. So what's happening on that 174 00:08:13,560 --> 00:08:17,620 front? I just, people are so stupid. 175 00:08:17,740 --> 00:08:19,380 Sometimes that really, really annoys 176 00:08:19,380 --> 00:08:23,240 me. Like... Tell me how you really 177 00:08:23,240 --> 00:08:25,080 feel. Tell me how you really feel. 178 00:08:26,160 --> 00:08:27,240 Everyone's like, oh my God, 179 00:08:27,400 --> 00:08:30,420 stagfation. It's like, mate, we had plus 1 180 00:08:30,420 --> 00:08:36,179 .6 % GDP growth. And fasion is 3 .4%, 3 .5%. 181 00:08:36,179 --> 00:08:38,080 Have you, do you understand what 182 00:08:38,080 --> 00:08:40,200 the definition of stagfation is? Stagfation 183 00:08:40,200 --> 00:08:44,740 is unemployment. By the way, labor market is 184 00:08:44,740 --> 00:08:47,900 fucking strong in the US, but stagfation is 185 00:08:47,900 --> 00:08:49,680 unemployment and inflation. We've 186 00:08:49,680 --> 00:08:53,500 literally had almost 10 % inflation in the US. And 187 00:08:53,500 --> 00:08:55,160 now when it's at 3 .5%, it's like, oh my God, 188 00:08:55,260 --> 00:08:58,400 stagfation, it just makes zero fucking sense. I 189 00:08:58,400 --> 00:09:00,780 just don't understand. It's just like, I just see all 190 00:09:00,780 --> 00:09:04,080 these bears in my time and I was like, oh, snow soft 191 00:09:04,080 --> 00:09:08,920 landing now. We had one, we had one, not 192 00:09:08,920 --> 00:09:11,900 even a week, economic data print, by the way. Like 193 00:09:11,900 --> 00:09:14,320 we've had multiple, multiple, very strong 194 00:09:14,320 --> 00:09:17,040 economic data prints. And we have one print, where 195 00:09:17,040 --> 00:09:19,660 GDP was 1 .6 % growth, by the way. Like 196 00:09:19,668 --> 00:09:22,420 it's GDP growth, which we're addressing there. At 197 00:09:22,428 --> 00:09:24,820 last, that was 3 .4%. At last point, it was 3 .4%. 198 00:09:24,820 --> 00:09:26,580 And you're like, that's 3 .7%. 199 00:09:27,099 --> 00:09:28,740 Yeah, it's not a bad number. 200 00:09:29,180 --> 00:09:30,540 It's like, maybe it's not as 201 00:09:30,540 --> 00:09:32,640 crazy, it's not a crazy high number. It's 202 00:09:32,640 --> 00:09:34,480 not a bad number. You can't possibly say, oh my 203 00:09:34,480 --> 00:09:37,060 God, it's not a stagflation recession. I 204 00:09:37,060 --> 00:09:39,360 love this. Yeah, it just makes zero sense. 205 00:09:40,839 --> 00:09:42,580 I completely agree. I'm 206 00:09:42,580 --> 00:09:44,280 here for that energy, man. We're 207 00:09:44,280 --> 00:09:47,100 way getting over our skis here with what we think 208 00:09:47,100 --> 00:09:51,340 stagflation is. Basically what I was saying, like 209 00:09:51,348 --> 00:09:54,860 inflation, we're at 3%. Like 210 00:09:54,860 --> 00:09:58,200 the actual, the Fed want to get it to 2%. We 211 00:09:58,200 --> 00:10:01,860 are 1 % away from where the Fed's actual stated 212 00:10:01,860 --> 00:10:03,960 goal is to get it. We're not talking about it being 213 00:10:03,960 --> 00:10:07,040 like 10 % away or 6 % away. Like 214 00:10:07,040 --> 00:10:09,140 they're very, very close to where they even need it to 215 00:10:09,140 --> 00:10:10,820 be. And the economy's been like 216 00:10:10,820 --> 00:10:14,240 doing incredible. It's been doing very well. 3 217 00:10:14,240 --> 00:10:19,340 .4%, that's outgrowing pretty much every developed nation 218 00:10:19,340 --> 00:10:22,480 except China. So - That's crazy. Oh, 219 00:10:22,500 --> 00:10:24,360 and maybe in the other, I don't even know if you've 220 00:10:24,360 --> 00:10:27,100 got your class interest at the stage, but yeah, they 221 00:10:27,100 --> 00:10:30,720 are doing well. So what the fuck then? Like 222 00:10:30,720 --> 00:10:33,320 from my perspective, I don't have your knowledge 223 00:10:33,320 --> 00:10:35,040 or understanding of stagflation. I 224 00:10:35,040 --> 00:10:37,900 did study through all these crazy words in school, but 225 00:10:37,900 --> 00:10:41,880 I don't really give a shit. But 226 00:10:41,880 --> 00:10:44,580 like why then? Like is this manipulation? Is 227 00:10:44,588 --> 00:10:47,060 it like, you guys are making it seem like, not 228 00:10:47,060 --> 00:10:48,760 making it seem, it's a fact. The 229 00:10:48,760 --> 00:10:51,680 American economy is healthy. The 230 00:10:51,680 --> 00:10:54,980 American economy to me looks much, it looks 231 00:10:54,980 --> 00:10:56,880 strong. It looks stronger than many 232 00:10:56,880 --> 00:10:59,720 other places, at least from the headline figures. That 233 00:10:59,720 --> 00:11:01,440 being said, the stock market's at an all -time 234 00:11:01,440 --> 00:11:05,120 high. Every single asset imaginable 235 00:11:05,120 --> 00:11:06,860 right now is at an all -time high. So 236 00:11:06,860 --> 00:11:10,320 like small wavering can mean they can go down 237 00:11:10,320 --> 00:11:12,720 without it's meaning we're heading to 1970s style 238 00:11:12,720 --> 00:11:17,140 stagflation. Like one economic print of 239 00:11:17,140 --> 00:11:20,920 slightly lower growth than what was predicted does not 240 00:11:20,920 --> 00:11:23,220 mean that we're suddenly heading to the 1970s. Like 241 00:11:23,220 --> 00:11:25,900 it's been years of strong data. It's 242 00:11:25,900 --> 00:11:28,180 just that everything's at all -time high. Everything. 243 00:11:28,699 --> 00:11:32,760 Bitcoin, gold, stocks, all at all -time highs. So 244 00:11:32,760 --> 00:11:34,760 you're just coming down a bit. This 245 00:11:34,768 --> 00:11:36,880 is wild then. I mean, from what I'm hearing 246 00:11:36,880 --> 00:11:38,900 here, everything's fine and people are just tripping. 247 00:11:39,120 --> 00:11:40,400 So I'm actually, I love this 248 00:11:40,400 --> 00:11:42,860 reaction. I have to say, Ovi, that was 249 00:11:42,860 --> 00:11:46,400 great. We needed that. We're 250 00:11:46,400 --> 00:11:48,040 gonna clip that in the back and we're gonna post 251 00:11:48,040 --> 00:11:49,740 this shit. That's not, I just noticed that 252 00:11:49,740 --> 00:11:52,140 Wiz posted about it. And I think Wiz is either just 253 00:11:52,140 --> 00:11:54,460 trolling or just like. No, but he loves, I mean. 254 00:11:54,700 --> 00:11:55,900 Yeah, so that's not aimed at, 255 00:11:55,900 --> 00:11:57,740 definitely not aimed at Wiz, but it is aimed at 256 00:11:57,740 --> 00:11:59,140 everyone else in my time. A 257 00:11:59,140 --> 00:12:01,000 little bit though. I mean, you can throw jabs 258 00:12:01,000 --> 00:12:03,120 at your buy. It's okay. You 259 00:12:03,120 --> 00:12:04,940 can throw jabs. I've not even been on Twitter, 260 00:12:05,100 --> 00:12:06,780 but on another show. So I have no idea what people 261 00:12:06,780 --> 00:12:08,220 are saying. It's maybe just, it's maybe 262 00:12:08,220 --> 00:12:10,020 just, it's not stagflation. Look 263 00:12:10,020 --> 00:12:13,460 at that. Look at this. He 264 00:12:13,460 --> 00:12:15,300 hasn't said it's actually stagflation. He 265 00:12:15,300 --> 00:12:15,920 hasn't said it's stagflation. He 266 00:12:15,920 --> 00:12:17,240 did. I mean, he twisted the group 267 00:12:17,240 --> 00:12:20,020 chat last night. No, no, he texted the group 268 00:12:20,020 --> 00:12:22,520 text this morning. GDP is not down, by the way. 269 00:12:22,820 --> 00:12:24,740 That's what we're saying. 270 00:12:24,740 --> 00:12:26,400 Unemployment is the lowest it's been 271 00:12:26,400 --> 00:12:30,120 for many, many years. But what a, why is he, did we 272 00:12:30,120 --> 00:12:31,980 miss? Did I miss, what? Man, 273 00:12:32,120 --> 00:12:34,540 you guys, you tarred fires in all your terms, bro. 274 00:12:34,700 --> 00:12:36,460 You're killing me, man. It's 275 00:12:36,460 --> 00:12:39,160 a miss. And I do agree with what he's 276 00:12:39,160 --> 00:12:40,740 saying here. Like I agree with the sentiment 277 00:12:40,740 --> 00:12:47,140 where it's a miss and it does mean there's a higher 278 00:12:47,140 --> 00:12:53,040 chance of rate cuts. But I wouldn't be thinking 279 00:12:53,040 --> 00:12:55,160 like, oh my God, this means stagflation right now. 280 00:12:55,160 --> 00:12:56,680 So what's up with this, right? 281 00:12:56,800 --> 00:12:58,300 You guys, I know you follow 282 00:12:58,300 --> 00:13:00,400 this pretty closely by doing yourself as well. OV 283 00:13:00,400 --> 00:13:02,820 went some pretty big moves lower on OI across the 284 00:13:02,820 --> 00:13:03,860 board. Got to be healthy from 285 00:13:03,860 --> 00:13:05,740 positioning standpoint, yet crypto continues to trade 286 00:13:05,740 --> 00:13:08,740 like garbage. I mean, so why are we 287 00:13:08,740 --> 00:13:10,740 trading like garbage? Like I'm just trying to get to 288 00:13:10,740 --> 00:13:14,540 the end of this. Like you guys, everyone's bull, 289 00:13:14,660 --> 00:13:19,040 like honestly, everyone who I think is somewhat smart 290 00:13:19,040 --> 00:13:23,320 on the timeline is bullish. Anyone 291 00:13:23,320 --> 00:13:24,720 who doesn't know what they're talking about is 292 00:13:24,720 --> 00:13:25,940 trying to make bearish trends, but that's the 293 00:13:25,940 --> 00:13:27,240 bearish. They love coming out hibernation 294 00:13:27,240 --> 00:13:29,920 and post like bearish, like make the charts look like 295 00:13:29,920 --> 00:13:33,140 they're going to CRL. So why? Because 296 00:13:33,140 --> 00:13:37,000 what we said yesterday is that the buyer of your old 297 00:13:37,000 --> 00:13:42,420 coin, even your meme coin is not sticky. We've 298 00:13:42,420 --> 00:13:44,360 been pumping our bags between each other largely. 299 00:13:44,580 --> 00:13:45,720 We haven't seen this massive 300 00:13:45,720 --> 00:13:47,160 increase in number of people who are involved 301 00:13:47,160 --> 00:13:50,940 here. So Bitcoin looks okay. Bitcoin 302 00:13:50,940 --> 00:13:52,700 looks like it could go to 100K, but that's what we're 303 00:13:52,700 --> 00:13:53,840 all kind of hoping on. Like 304 00:13:53,848 --> 00:13:58,600 people are feeling the pain because many old coins and 305 00:13:58,600 --> 00:14:02,420 then even Ethan Solana, like they're not trading 306 00:14:02,420 --> 00:14:07,180 that well. And like they have an adoption 307 00:14:07,180 --> 00:14:09,600 part, but a lot of everyone else's bags are 308 00:14:09,600 --> 00:14:12,060 not trading well. Like really, really not trading 309 00:14:12,060 --> 00:14:13,140 well. So the pain of this, like 310 00:14:13,140 --> 00:14:16,200 Bitcoin's caught a cold, even a light cold, but 311 00:14:16,200 --> 00:14:19,520 we're talking about a 10, 15 % move from an all -time 312 00:14:19,520 --> 00:14:22,540 high and shit is down 50%. So 313 00:14:22,540 --> 00:14:25,700 everyone's like freaking out. That 314 00:14:25,700 --> 00:14:28,080 looks like a perfectly strong chart to me with 315 00:14:28,080 --> 00:14:29,240 Bitcoin. It's just like a consolidation 316 00:14:29,240 --> 00:14:31,620 period. Like we've just hit an all -time 317 00:14:31,620 --> 00:14:35,880 high, then we hit a lower high. And 318 00:14:35,880 --> 00:14:38,780 now we're like in this channel now, but yeah, like 319 00:14:38,780 --> 00:14:40,240 nothing points to me. Like we're just going to like 320 00:14:40,240 --> 00:14:42,900 absolutely wreck it. Like nothing. There's 321 00:14:42,900 --> 00:14:45,800 a tweet I liked this morning from Simp. He 322 00:14:45,800 --> 00:14:49,440 goes, two cycles with low volatility, like crab market 323 00:14:49,440 --> 00:14:52,080 for the first 50 days post -having. One 324 00:14:52,080 --> 00:14:54,300 cycle with the spike down for the first 30 days and 325 00:14:54,300 --> 00:14:56,520 then another 50 days of crab market before up only. 326 00:14:57,140 --> 00:14:59,440 At best, at best past cycles 327 00:14:59,440 --> 00:15:02,400 tells us, tell us to take a step off the accelerator 328 00:15:02,400 --> 00:15:04,000 while we work the price. The 329 00:15:04,000 --> 00:15:06,040 crab can pitch post size longer than you can stay 330 00:15:06,040 --> 00:15:08,960 liquid. I know Ovi, when Mando was 331 00:15:08,960 --> 00:15:11,020 not around, you were saying like, yeah, I don't really 332 00:15:11,020 --> 00:15:13,260 look to like previous patterns in cycles to 333 00:15:13,260 --> 00:15:14,840 what's going to happen this cycle, but what do you 334 00:15:14,840 --> 00:15:18,500 think Mando on this? Like is it probably one of the 335 00:15:18,500 --> 00:15:19,800 situations where you're better off just not do 336 00:15:19,800 --> 00:15:22,380 shit than September is going to just be like 337 00:15:22,380 --> 00:15:26,720 ridiculous? I don't generally look at 338 00:15:26,720 --> 00:15:29,520 previous cycles and assume that we are going to be 339 00:15:29,520 --> 00:15:33,200 the same. Like I think that's, some people 340 00:15:33,200 --> 00:15:35,660 do do that. We've only had four cycles, 341 00:15:35,920 --> 00:15:37,880 right? Four halvings. So 342 00:15:37,880 --> 00:15:41,540 like the statistical data there, very low, very, very 343 00:15:41,540 --> 00:15:43,840 low. Anyone know statistics? Like 344 00:15:43,840 --> 00:15:45,500 if you have four versions of something, like it's not 345 00:15:45,500 --> 00:15:47,660 like you can sit there and go like, oh, this is 346 00:15:47,660 --> 00:15:49,340 statistically significant. No. 347 00:15:50,180 --> 00:15:52,420 So I wouldn't point and be like, oh, this is going to 348 00:15:52,420 --> 00:15:53,500 be as active as the last time. Like 349 00:15:53,500 --> 00:15:55,840 it feels very different in terms of flows to a lot 350 00:15:55,840 --> 00:15:58,780 of the last stuff. I think people who assume 351 00:15:58,780 --> 00:16:00,600 it's going to be like the last time, like if you 352 00:16:00,600 --> 00:16:03,000 assumed you were going to have an old coin cycle, if 353 00:16:03,000 --> 00:16:05,940 you assume that Bitcoin was going to have a, wasn't 354 00:16:05,940 --> 00:16:08,360 going to hit its all time high before the halving. If 355 00:16:08,360 --> 00:16:10,620 you assume, like you've just been wrecked. Like 356 00:16:10,620 --> 00:16:12,500 all these assumptions of it would be like the last 357 00:16:12,500 --> 00:16:15,720 time, gets you destroyed. So 358 00:16:15,728 --> 00:16:18,020 I wouldn't assume that at all. I 359 00:16:18,028 --> 00:16:20,200 think for me, I'm just looking at the flows. 360 00:16:21,620 --> 00:16:23,460 Obviously the Bitcoin ETF flows have 361 00:16:23,460 --> 00:16:25,800 slowed. At the same time, I see all 362 00:16:25,800 --> 00:16:28,240 the big wealth management arms now pointing towards 363 00:16:28,240 --> 00:16:30,860 the fact they are going to initiate buys. And 364 00:16:30,860 --> 00:16:32,980 then you have on Monday, I think it is the Hong Kong 365 00:16:32,980 --> 00:16:36,360 ETFs are going to launch. I 366 00:16:36,360 --> 00:16:39,140 think we're in a strong scenario still for flows 367 00:16:39,140 --> 00:16:40,960 here. I think it's still still so 368 00:16:40,960 --> 00:16:44,300 steady in flows. It's been slightly diminished and 369 00:16:44,300 --> 00:16:45,540 part of that's the macro. Like 370 00:16:45,540 --> 00:16:48,400 the last three weeks have definitely been weaker from 371 00:16:48,400 --> 00:16:50,380 a macro perspective for stocks. But 372 00:16:50,380 --> 00:16:54,060 yeah, I'm still, I'm still super bullish on Bitcoin 373 00:16:54,060 --> 00:16:56,060 going high. Did you just find it a little 374 00:16:56,060 --> 00:16:59,700 ironic that before the ETFs and this and that, we're 375 00:16:59,700 --> 00:17:02,400 like, oh, we don't care about Tretvi. Oh, 376 00:17:02,560 --> 00:17:05,339 this and that. And now that we have the ETFs, 377 00:17:05,420 --> 00:17:08,720 like the whole timeline cares about micro so much. 378 00:17:08,720 --> 00:17:11,240 Like I can assert amount of 379 00:17:11,240 --> 00:17:15,260 caring about macro. Is that ironic? It's 380 00:17:15,260 --> 00:17:18,579 only been the last two weeks, right? I 381 00:17:18,579 --> 00:17:20,619 don't know. Like a lot of people are like 382 00:17:20,619 --> 00:17:24,440 obsessively obsessed with like macro and trends and 383 00:17:24,440 --> 00:17:26,240 like what's going on. Honestly, 384 00:17:26,440 --> 00:17:29,140 and since the whole like Middle East flare up, I 385 00:17:29,140 --> 00:17:31,340 hadn't heard people talk about macro for a while. 386 00:17:31,660 --> 00:17:32,780 Like that was the first time. 387 00:17:32,860 --> 00:17:33,480 And then suddenly it was like, 388 00:17:33,540 --> 00:17:34,900 fuck. All right, we need to stop 389 00:17:34,900 --> 00:17:38,060 paying attention. Yeah. And then then it's really 390 00:17:38,060 --> 00:17:41,540 like we sold off yesterday because of Meta stock. And 391 00:17:41,540 --> 00:17:44,840 I was like, what? Is that really why we sold 392 00:17:44,840 --> 00:17:46,720 off? We sold off as soon as Meta 393 00:17:46,720 --> 00:17:49,320 earnings came out. Like we Bitcoin sold off. And 394 00:17:49,320 --> 00:17:51,960 I was like, wow, I haven't seen stuff like that for a 395 00:17:51,960 --> 00:17:53,480 long. We have the Coinbase earnings 396 00:17:53,480 --> 00:17:55,380 on May 2nd. You can only assume those have 397 00:17:55,380 --> 00:17:59,560 been up because of the 11 ETF issuers kind of using 398 00:17:59,560 --> 00:18:00,840 the custody and everything. So 399 00:18:00,840 --> 00:18:03,320 I think so that case. I think it's legitimate, 400 00:18:03,320 --> 00:18:04,400 basically, what I'm saying. And 401 00:18:04,400 --> 00:18:06,500 people are caring about it because suddenly the 402 00:18:06,500 --> 00:18:10,780 correlation to stocks, particularly tech stocks, is 403 00:18:10,780 --> 00:18:14,540 gone up quite a lot. After a period of it having 404 00:18:14,540 --> 00:18:16,720 basically no correlation, had much more of a 405 00:18:16,720 --> 00:18:18,560 correlation to gold, actually. And 406 00:18:18,560 --> 00:18:21,980 what's really broken down is that we are gold. You 407 00:18:21,980 --> 00:18:24,520 know, gold's still near its all -time high or has been 408 00:18:24,520 --> 00:18:27,060 pushing closer, it's all -time high and Bitcoin kind 409 00:18:27,060 --> 00:18:29,380 of lagged and traded much more like stocks. So 410 00:18:29,380 --> 00:18:31,520 I think that's why people are suddenly caring about 411 00:18:31,520 --> 00:18:34,580 all this macro stuff. Each of these data figures 412 00:18:34,580 --> 00:18:38,000 suddenly is a very, very big deal again. Yeah, 413 00:18:38,000 --> 00:18:39,840 I don't know. I just find it ironic. 414 00:18:40,560 --> 00:18:42,260 However, we have been covering those 415 00:18:42,260 --> 00:18:45,280 macro trends for like two years now on here. So, 416 00:18:45,360 --> 00:18:48,800 you know, anyway, just a reminder, Goddamn, there's a 417 00:18:48,800 --> 00:18:50,420 lot of people watching on video. See, 418 00:18:50,640 --> 00:18:52,440 all I have to do is give you guys 200 bucks and you 419 00:18:52,440 --> 00:18:54,080 guys finally move the video. Look 420 00:18:54,080 --> 00:18:55,580 at that. Love you guys. Well, 421 00:18:55,780 --> 00:18:58,520 at the top of the spaces, you know, I posted the 422 00:18:58,520 --> 00:19:01,480 video link. One retweet. Hold 423 00:19:01,480 --> 00:19:02,880 on, hold on. You have to retweet and you 424 00:19:02,888 --> 00:19:04,920 have to follow us. Yeah, that's what you got to do. 425 00:19:05,000 --> 00:19:05,940 You got to follow FOMO hour, 426 00:19:06,320 --> 00:19:10,160 FOMO, HOUR, the best show, the best show. Mando, 427 00:19:10,240 --> 00:19:12,040 actually, you were on the second best show this 428 00:19:12,040 --> 00:19:13,980 morning. How was that? Great. 429 00:19:14,500 --> 00:19:16,780 Great. This guy's a good guy. How's 430 00:19:16,780 --> 00:19:19,600 our boy Clemente doing? We are going to take him with 431 00:19:19,600 --> 00:19:21,860 us and we are going to break the... I've 432 00:19:21,860 --> 00:19:24,160 decided. I have decided as well. And 433 00:19:24,160 --> 00:19:25,880 I know you were saying that yourself like a few 434 00:19:25,880 --> 00:19:28,260 days ago. We are going to break the 435 00:19:28,260 --> 00:19:30,540 Clemente curse with EpicDuck. We 436 00:19:30,540 --> 00:19:33,020 are going to take him with us to the Promised Land. 437 00:19:33,540 --> 00:19:34,680 How was that? It 438 00:19:34,680 --> 00:19:36,760 was a good show. Yeah, like we just... To 439 00:19:36,760 --> 00:19:38,600 be honest, we didn't talk about the duck that much. 440 00:19:38,960 --> 00:19:40,300 Like I spoke to Clemente a 441 00:19:40,300 --> 00:19:42,180 little bit about it. There was only a small segment. 442 00:19:42,300 --> 00:19:43,920 They really like... They 443 00:19:43,920 --> 00:19:46,640 really went in on me and all the macro stuff. Like 444 00:19:46,640 --> 00:19:49,460 they were asking about text like Nvidia, Nvidia versus 445 00:19:49,460 --> 00:19:51,360 Bitcoin. They asked me. And 446 00:19:51,368 --> 00:19:53,680 they asked me... So Nvidia versus Bitcoin. So... 447 00:19:53,680 --> 00:19:55,440 Coinbase versus MicroStrategy. They 448 00:19:55,440 --> 00:19:57,400 asked me. They really went in on like a 449 00:19:57,400 --> 00:19:58,920 range of different topics. The 450 00:19:58,920 --> 00:20:03,400 duck was a small bit of what was a broad like data 451 00:20:03,400 --> 00:20:05,500 dump of what I think about everything. That's 452 00:20:05,500 --> 00:20:07,420 the old man though. I mean, this guy worked 10 453 00:20:07,420 --> 00:20:09,460 years at Barclays only to become Solano's best meme 454 00:20:09,460 --> 00:20:11,880 coin dev. That is crazy. That 455 00:20:11,880 --> 00:20:13,400 is crazy. Whatever you've learned before, 456 00:20:13,900 --> 00:20:16,680 unlearn it. This is a new paradigm. New 457 00:20:16,680 --> 00:20:20,380 paradigm over here. One of them became one of the 458 00:20:20,380 --> 00:20:22,400 biggest artists in space, launched your collection. 459 00:20:22,600 --> 00:20:23,500 The other guys launched you a 460 00:20:23,500 --> 00:20:25,040 meme coin called the EpicDuck. I 461 00:20:25,040 --> 00:20:27,480 mean, holy shit. I wonder what the people that 462 00:20:27,480 --> 00:20:30,540 work with your Barclays think. It 463 00:20:30,540 --> 00:20:32,360 doesn't look like the duck if I'm honest. I 464 00:20:32,368 --> 00:20:36,400 don't think it's true. We need an ETF. We 465 00:20:36,400 --> 00:20:40,400 need Barclays to start bidding. Can't 466 00:20:40,400 --> 00:20:42,580 get Goldman Sachs on the phone. Dude, 467 00:20:42,700 --> 00:20:45,240 that article yesterday in the in by Bloomberg is 468 00:20:45,240 --> 00:20:46,500 wild. Which one? Let's 469 00:20:46,500 --> 00:20:49,700 talk about that. The meme coin one, where 470 00:20:49,700 --> 00:20:51,660 they're like all these funds are going to... They 471 00:20:51,660 --> 00:20:53,120 would talk about they have that people have like meme 472 00:20:53,120 --> 00:20:54,960 funds, right? In the same way that they 473 00:20:54,960 --> 00:20:57,800 have NFT funds. They're not going to have any of 474 00:20:57,800 --> 00:20:58,600 that. They're going to have meme coin 475 00:20:58,600 --> 00:21:01,200 funds. I think that will happen. I 476 00:21:01,200 --> 00:21:05,380 even said on the show, like, I think if if I was 477 00:21:05,380 --> 00:21:07,180 to say, hey, I'm going to launch a meme coin fund to 478 00:21:07,180 --> 00:21:09,020 a bunch of people, they would give us money 479 00:21:09,020 --> 00:21:11,840 tomorrow. We should do it. Should 480 00:21:11,840 --> 00:21:13,920 we do it? I don't want to. I 481 00:21:13,920 --> 00:21:15,420 don't want to manage those money. But 482 00:21:15,420 --> 00:21:19,220 at the same time, it's it's people will do that 483 00:21:19,220 --> 00:21:23,180 100 percent. They'll do it on some on some 484 00:21:23,180 --> 00:21:24,920 should launch. Actually, on some would be perfect 485 00:21:24,920 --> 00:21:26,640 for that. He should get a quant to work 486 00:21:26,640 --> 00:21:28,380 with him in the back. And like someone who's like not 487 00:21:28,380 --> 00:21:29,920 at the forefront at all. But 488 00:21:29,928 --> 00:21:32,300 that's a genius. My God, this is my like that 489 00:21:32,300 --> 00:21:34,500 the meme, the quant like he like hires one of the 490 00:21:34,500 --> 00:21:37,560 Nicaragua. Remilios and then like and then he 491 00:21:37,560 --> 00:21:39,020 just gets in. I mean, what do you think? I 492 00:21:39,028 --> 00:21:40,820 mean, this is like this is pretty wild. Hedge 493 00:21:40,820 --> 00:21:44,460 funds are succumbing to mind boggling returns on 494 00:21:44,460 --> 00:21:47,040 meme coins. Seen as the first cycle where 495 00:21:47,040 --> 00:21:49,620 funds are jumping into memes, dog with hats rally 496 00:21:49,620 --> 00:21:51,480 attracts the attention of crypto hedge funds, which 497 00:21:51,480 --> 00:21:54,120 is funny because I was hanging out and playing 498 00:21:54,120 --> 00:21:56,220 poker a few weeks ago. I don't remember talking about 499 00:21:56,220 --> 00:21:58,200 it, but a couple of months ago, a week, I forget all 500 00:21:58,200 --> 00:22:00,760 the time with a bunch of my like Tart five friends 501 00:22:00,760 --> 00:22:03,400 from Montreal. And they were all obsessively 502 00:22:03,400 --> 00:22:05,960 talking about dog with hat like they could not. And 503 00:22:05,960 --> 00:22:07,160 they're not into crypto at all. They 504 00:22:07,160 --> 00:22:09,140 don't they do not buy crypto. They 505 00:22:09,140 --> 00:22:10,500 don't understand it, right? They'll 506 00:22:10,500 --> 00:22:13,300 buy Bitcoin, maybe. But like they kept saying, oh, 507 00:22:13,340 --> 00:22:15,340 my Bloomberg terminal keeps talking about the dog with 508 00:22:15,340 --> 00:22:17,040 hat like it's been a minute that Bloomberg's been 509 00:22:17,040 --> 00:22:21,260 like all over that. Yeah. So study that. Study 510 00:22:21,260 --> 00:22:24,320 my bags being the on -border into the memes. 511 00:22:24,820 --> 00:22:27,399 Okay. The hat stays on. Anyways, 512 00:22:27,399 --> 00:22:29,200 another news. You guys mentioned poly market 513 00:22:29,200 --> 00:22:30,520 earlier. I mean, let's open poly 514 00:22:30,520 --> 00:22:34,580 markets 50 % now. 50%. What are we? I 515 00:22:34,580 --> 00:22:37,840 will stand by my call because it will make a 516 00:22:37,840 --> 00:22:39,400 really good clip if it happens. And 517 00:22:39,400 --> 00:22:41,340 I'm going to look like a genius. Yeah. 518 00:22:41,560 --> 00:22:43,360 It happened because if it doesn't happen worst case, 519 00:22:43,460 --> 00:22:44,780 like, well, duh, we knew that. But 520 00:22:44,780 --> 00:22:46,540 if it does happen and really look like a genius, 521 00:22:46,740 --> 00:22:49,360 it's going to happen. What do you guys think? Should 522 00:22:49,360 --> 00:22:50,960 we take the bet now? I still haven't taken the 523 00:22:50,960 --> 00:22:53,520 bet. What's the latest? It's 524 00:22:53,520 --> 00:22:56,020 a weird one because it feels like everything 525 00:22:56,020 --> 00:22:59,820 suggests like that it's not happening. Feels 526 00:22:59,820 --> 00:23:04,320 high to me now. Yeah. It's high to me. Well, 527 00:23:04,500 --> 00:23:07,820 it's, but, but the, if you read the headline, it says 528 00:23:07,820 --> 00:23:11,100 that, um, the guys went to them and were like, oh, 529 00:23:11,160 --> 00:23:13,160 um, you know, you should approve this because of the 530 00:23:13,160 --> 00:23:15,680 futures bond and they just didn't have any comments 531 00:23:15,680 --> 00:23:18,760 back. So it sounds like the reason 532 00:23:18,760 --> 00:23:23,040 why all the, um, the reason why all the, um, 533 00:23:23,580 --> 00:23:24,800 Bloomberg guys are saying it's not going to happen 534 00:23:24,800 --> 00:23:27,280 is because there hasn't been any like actions to 535 00:23:27,280 --> 00:23:29,400 suggest that it should in terms of like developments 536 00:23:29,400 --> 00:23:31,640 on the process. And remember, like the Bitcoin 537 00:23:31,640 --> 00:23:33,000 one, we had all these comments come back and 538 00:23:33,000 --> 00:23:34,120 forth on that kind of stuff. So 539 00:23:34,120 --> 00:23:36,500 it sounds like the SEC just hasn't like even 540 00:23:36,500 --> 00:23:37,980 engaged with it, which means they're going to 541 00:23:37,980 --> 00:23:40,200 reject it, but no one really knows on what 542 00:23:40,200 --> 00:23:42,840 grounds they're planning to reject it, which is 543 00:23:42,840 --> 00:23:44,780 interesting because that's what opens them up to 544 00:23:44,780 --> 00:23:46,260 another court case from the lawsuit. I 545 00:23:46,268 --> 00:23:50,160 mean, for the one tiny, tiny, pro, percent 546 00:23:50,160 --> 00:23:51,840 probability that they, that they do actually approve 547 00:23:51,840 --> 00:23:54,420 it, the reasoning could be that because they've been 548 00:23:54,420 --> 00:23:55,860 through that whole process with Bitcoin, there's 549 00:23:55,860 --> 00:23:57,460 nothing else to really do. It 550 00:23:57,460 --> 00:23:59,220 should just be the same thing. Um, 551 00:23:59,300 --> 00:24:00,680 they shouldn't be, there doesn't need to be that 552 00:24:00,680 --> 00:24:02,240 many amendments, but obviously that's, you know, 553 00:24:02,260 --> 00:24:05,800 very wishful thinking. But, um, yeah, I'm curious to 554 00:24:05,800 --> 00:24:08,080 see what, under what grounds or what reasoning. 555 00:24:08,660 --> 00:24:09,600 Yes, you see, are going to 556 00:24:09,600 --> 00:24:11,100 reject it because that hasn't, that's something 557 00:24:11,100 --> 00:24:12,760 that hasn't been reported. They 558 00:24:12,760 --> 00:24:14,880 gave some light indication that it could be to do 559 00:24:14,880 --> 00:24:17,840 with like the lack of volume or like, well, 560 00:24:17,900 --> 00:24:19,820 that's some statistical data or something like that. 561 00:24:19,940 --> 00:24:20,640 That's what they said. They 562 00:24:20,648 --> 00:24:22,260 said it could be like basically a bullshit busy. 563 00:24:22,920 --> 00:24:24,480 What's, what's volume is lacking on 564 00:24:24,480 --> 00:24:26,220 Ethereum? I don't know, but like 565 00:24:26,220 --> 00:24:27,840 basically saying that there's just not enough 566 00:24:27,840 --> 00:24:30,840 depth for them to be, be sure of market manipulation, 567 00:24:30,920 --> 00:24:33,520 which is basically what they said for Bitcoin. And 568 00:24:33,520 --> 00:24:35,400 I think in some way they're probably going to 569 00:24:35,400 --> 00:24:39,520 call people's bluff here in that who's going to, who, 570 00:24:39,680 --> 00:24:43,240 I've said this before, but who's doing that lawsuit? I 571 00:24:43,240 --> 00:24:44,180 mean, yes, it is. Somebody's 572 00:24:44,188 --> 00:24:46,600 got to then do them. Right. 573 00:24:46,600 --> 00:24:48,660 And please quit the SEC last week. We 574 00:24:48,660 --> 00:24:50,460 all shared that article. Yeah. 575 00:24:50,540 --> 00:24:52,060 But that was for something slightly different. It 576 00:24:52,060 --> 00:24:55,280 was, it was two judges about, um, but it wasn't, 577 00:24:55,340 --> 00:24:57,280 it wasn't to do with something like this. Like 578 00:24:57,280 --> 00:24:59,440 some of you would now have to do what Grayscale did 579 00:24:59,440 --> 00:25:03,400 and basically take on a two year or maybe a year 580 00:25:03,400 --> 00:25:08,180 long, um, court case battle and maybe a judge slaps 581 00:25:08,180 --> 00:25:10,480 back the SEC, but somebody's still going to 582 00:25:10,480 --> 00:25:12,480 want to do that. And I think in some way 583 00:25:12,480 --> 00:25:13,840 they're going to probably come up with a bullshit 584 00:25:13,840 --> 00:25:19,640 reason and hope that's nobody's going to fucking 585 00:25:19,640 --> 00:25:21,820 come for them. That's somebody, somebody would. 586 00:25:22,220 --> 00:25:24,860 Okay. Well, we'll see. Anyways, 587 00:25:25,080 --> 00:25:28,460 top, uh, top gainers, top losers of the last 24 588 00:25:28,460 --> 00:25:32,020 hours here, uh, Jupiter back down to a dollar, uh, 589 00:25:32,320 --> 00:25:34,800 we've got slept back down to $3, but that's not that 590 00:25:34,800 --> 00:25:37,040 bad. The funny one was Hedera. So 591 00:25:37,040 --> 00:25:39,920 it turns out that the Hedera news was fake. Well, 592 00:25:39,960 --> 00:25:42,640 not fake, but there's no partnership with BlackRock. 593 00:25:42,820 --> 00:25:44,140 And I definitely found it weird 594 00:25:44,140 --> 00:25:46,500 when I saw that. Have you guys ever heard of 595 00:25:46,500 --> 00:25:52,340 someone using Hedera? That it is a meme. Yeah. 596 00:25:52,520 --> 00:25:54,400 I know it's weird. Like it's one of these L ones 597 00:25:54,400 --> 00:25:57,460 that people. It's a meme, bro. People 598 00:25:57,460 --> 00:26:00,220 have just said it has like big industrial, like some 599 00:26:00,220 --> 00:26:02,980 of these block chains, I know we all like using for 600 00:26:02,980 --> 00:26:06,100 form of exchange, but some of them have, they've tried 601 00:26:06,100 --> 00:26:08,780 to go down like the, the B2B route. They've 602 00:26:08,780 --> 00:26:10,740 gone to go like, right, we're going to do, we're 603 00:26:10,740 --> 00:26:13,000 going to build a system or like a blockchain, which 604 00:26:13,000 --> 00:26:15,580 would be useful for different companies to 605 00:26:15,580 --> 00:26:19,340 record data or like in the same way that like you 606 00:26:19,340 --> 00:26:22,740 have, you know, like data storage, IBM, that sort of 607 00:26:22,740 --> 00:26:26,700 stuff. Like, um, they've, they've decided 608 00:26:26,700 --> 00:26:29,640 to go down that route. And I don't know who uses 609 00:26:29,640 --> 00:26:32,020 Hedera, but generally people have always said that they 610 00:26:32,020 --> 00:26:34,700 had a partnership with Microsoft, I think back in 611 00:26:34,700 --> 00:26:36,820 the day, like Hedera. I don't know. Like, 612 00:26:36,960 --> 00:26:38,500 is that a real partnership? It's 613 00:26:38,500 --> 00:26:40,880 definitely a B2B style blockchain. I 614 00:26:40,880 --> 00:26:42,900 don't know anyone who's using it, but that doesn't 615 00:26:42,900 --> 00:26:44,220 mean they're not trying to use it. Yeah. 616 00:26:44,380 --> 00:26:47,860 I mean, the, the, the headlines, there are jumps, 617 00:26:48,020 --> 00:26:52,620 130 % admit BlackRock confusion. Um, 618 00:26:52,960 --> 00:26:55,160 each bar skyrocketed after an announcement that name 619 00:26:55,160 --> 00:26:58,020 dropped BlackRock, but the price is now falling as 620 00:26:58,020 --> 00:27:00,540 the investment giant says it's not directly involved. 621 00:27:01,220 --> 00:27:03,940 Uh, BlackRock was probably like, 622 00:27:04,120 --> 00:27:08,060 Hey yo, what the fuck? Yo, dang, using my name for, I 623 00:27:08,060 --> 00:27:09,940 mean, it's like the new Google cloud announcement. 624 00:27:10,600 --> 00:27:11,440 You know, when there was a 625 00:27:11,440 --> 00:27:13,160 second where like everybody was working with Google 626 00:27:13,160 --> 00:27:16,340 last site, last, last cycle, yes, remember that 627 00:27:16,340 --> 00:27:18,360 everybody was partnered with Google. They 628 00:27:18,360 --> 00:27:21,340 probably like co -hosted an event. And, 629 00:27:21,480 --> 00:27:24,620 uh, and people like a, a Sankya set on Wall Street, 630 00:27:24,640 --> 00:27:26,860 uh, that Hedera paid for. And 631 00:27:26,860 --> 00:27:28,800 people thought they were doing a partner together. I 632 00:27:28,800 --> 00:27:30,580 think this is like, for what it's worth, like, 633 00:27:30,640 --> 00:27:33,340 that's like some crazy gross negligence. Uh, 634 00:27:33,460 --> 00:27:35,100 and there's, there's like, there's things like that 635 00:27:35,100 --> 00:27:37,320 that happen. I'm like, holy shit. So 636 00:27:37,320 --> 00:27:41,520 it's pretty wild. Anyways, anyways, anyways, the other 637 00:27:41,520 --> 00:27:44,280 big news, which I thought was fun, uh, it's funny 638 00:27:44,280 --> 00:27:47,720 cause it's like, I wish this was an ordinal or an 639 00:27:47,720 --> 00:27:49,400 NFT or whatever. But did you guys see the 640 00:27:49,400 --> 00:27:51,940 famous buy Bitcoin sign that was held behind 641 00:27:51,940 --> 00:27:53,920 Yellen? I thought that was some 642 00:27:53,920 --> 00:27:55,480 really fun news yesterday. So 643 00:27:55,480 --> 00:27:58,360 the buy Bitcoin notepad held behind Janet Yellen 644 00:27:58,360 --> 00:28:00,700 sell sells for $1 million. The 645 00:28:00,700 --> 00:28:03,080 iconic sign was held before cameras during the televised 646 00:28:03,080 --> 00:28:06,000 house financial services committee hearing in 2017. 647 00:28:06,000 --> 00:28:07,340 So at this stage, I think 648 00:28:07,340 --> 00:28:09,940 anybody that listens to our show has seen, uh, this 649 00:28:09,948 --> 00:28:11,880 sign. So this is now the world's 650 00:28:11,880 --> 00:28:16,500 most expensive notepad. $1 million. Not 651 00:28:16,500 --> 00:28:19,740 bad, right? Collectibles. Listen, collectibles are 652 00:28:19,740 --> 00:28:20,960 always going to have a market. So 653 00:28:20,960 --> 00:28:23,980 back in 2017, a 22 year old intern crudely scribbled 654 00:28:23,980 --> 00:28:27,140 by Bitcoin in a yellow legal notepad, he then held 655 00:28:27,140 --> 00:28:29,320 the four mentioned pet up during a televised house 656 00:28:29,320 --> 00:28:31,140 financial service committee hearing. Now, 657 00:28:31,240 --> 00:28:33,680 seven years later, the pad has sold for a cool 1 658 00:28:33,680 --> 00:28:37,100 .019, uh, Bitcoin. So this is it. This, 659 00:28:37,220 --> 00:28:40,560 this was the, you're looking at that video. It's 660 00:28:40,560 --> 00:28:42,240 so good. Am I sharing the video? Yeah, 661 00:28:42,300 --> 00:28:45,680 it's so good. And he was, um, where's the 662 00:28:45,680 --> 00:28:47,380 notepad? Hold on. There 663 00:28:47,380 --> 00:28:50,020 it is. There it is. So 664 00:28:50,020 --> 00:28:52,280 good, dude. Then he did that. I 665 00:28:52,280 --> 00:28:56,320 love that he sold it. Uh, I love that it's, look at 666 00:28:56,320 --> 00:28:59,240 that. Bitcoin then jumped to $2 ,400. 667 00:29:00,520 --> 00:29:03,060 That, after that crazy. And 668 00:29:03,060 --> 00:29:06,320 you got people on the timeline bitching about 64 669 00:29:06,320 --> 00:29:13,080 KB. Habibi, by the way, Habibi 63 K. 670 00:29:13,780 --> 00:29:17,400 By the way, sorry. 63 .364. 671 00:29:17,680 --> 00:29:19,460 Um, by the way, Habibi speaking 672 00:29:19,460 --> 00:29:21,980 of Habibi, did you guys see that the government of 673 00:29:21,980 --> 00:29:26,160 Dubai is deploying 80 million, 80 billion AED. So 674 00:29:26,160 --> 00:29:28,200 that's like $20 million. No, 675 00:29:28,240 --> 00:29:30,440 just kidding. Uh, divided by four. About 676 00:29:30,440 --> 00:29:35,640 20 bill, uh, into a sewer system for Dubai. Oh, 677 00:29:35,660 --> 00:29:37,860 really? Yeah. They're deploying capital. 678 00:29:38,120 --> 00:29:39,520 Steady. What do they use now? 679 00:29:40,100 --> 00:29:42,580 There's no sewer system. That's 680 00:29:42,580 --> 00:29:45,280 why we had the floods. There's 681 00:29:45,280 --> 00:29:48,620 no drainage system. Drainage. 682 00:29:48,940 --> 00:29:51,880 Yeah. There is a sewage system. No, 683 00:29:51,940 --> 00:29:55,520 there's not, bro. Well, where does, I'm not 684 00:29:55,520 --> 00:29:57,040 kidding. Look at this. Look 685 00:29:57,040 --> 00:29:58,320 at this. I will show you the article. 686 00:29:58,620 --> 00:30:00,140 I will show the article. Shea 687 00:30:00,140 --> 00:30:05,160 Hamdan approves the $21 .8 billion sewerage plan. Yeah, 688 00:30:05,200 --> 00:30:09,680 I know, but they, I mean, It says sewerage. Look, 689 00:30:09,680 --> 00:30:12,700 sewerage. The project aims to create a, 690 00:30:13,240 --> 00:30:15,640 Where do you think your shit goes, mate? Mate, 691 00:30:15,800 --> 00:30:17,460 I don't know where my shit goes, but it definitely 692 00:30:17,460 --> 00:30:19,980 smells like shit in the villas on the palm. So 693 00:30:19,980 --> 00:30:22,660 it definitely doesn't go to sewage, bro. Like, 694 00:30:23,280 --> 00:30:25,320 I don't know. I don't know. I'm 695 00:30:25,320 --> 00:30:28,220 going to, I'm going to be banned from the UAE at 696 00:30:28,220 --> 00:30:29,660 this stage. I got to, I got to be 697 00:30:29,660 --> 00:30:31,520 careful what I say. I was like really waiting to 698 00:30:31,520 --> 00:30:33,500 leave the country before I talk my shit. But, 699 00:30:33,580 --> 00:30:37,640 uh, yeah, bro, bro, I'm Iranian, bro. There's 700 00:30:37,640 --> 00:30:39,680 like a lot of tensions between Iran and the UAE 701 00:30:39,680 --> 00:30:41,380 right now. I ain't trying to get in 702 00:30:41,380 --> 00:30:44,240 trouble over there. Um, I mean, I'm only Iranian 703 00:30:44,240 --> 00:30:46,040 in blood, not on paper. Anyways, 704 00:30:46,260 --> 00:30:48,140 we're not going to get into geopolitics right now. 705 00:30:48,480 --> 00:30:50,060 Uh, I said, what the fuck is 706 00:30:50,060 --> 00:30:52,660 going with the market? I mean, I check price, bad 707 00:30:52,660 --> 00:30:54,600 price. I mean, what? Salana 708 00:30:54,600 --> 00:30:59,280 is trading at $144 now. I was in there all morning, 709 00:30:59,320 --> 00:31:01,420 man. I was promised, I was 710 00:31:01,420 --> 00:31:05,160 promised dreams. I was promised $200 sold. 711 00:31:06,700 --> 00:31:07,960 Yeah. I don't know. I 712 00:31:07,968 --> 00:31:09,720 think we're just hanging out for just hanging out. 713 00:31:10,160 --> 00:31:11,920 Dude, I need Raj right now to 714 00:31:11,920 --> 00:31:15,520 go and blow on the fucking, like, you know, I 715 00:31:15,520 --> 00:31:18,160 blow on the fucking cartridge and, and, and 716 00:31:18,160 --> 00:31:20,520 make it work better. Um, yeah. See, 717 00:31:20,620 --> 00:31:22,800 no, see, see, I saw shade at the burst Khalifa. They 718 00:31:22,800 --> 00:31:24,840 have a hundred crops that come and pick up the shit 719 00:31:24,840 --> 00:31:28,280 and transport it. There's no sewer system. Yeah, 720 00:31:28,300 --> 00:31:31,580 mate. I'm telling you, bro. I'm 721 00:31:31,580 --> 00:31:35,540 telling you, uh, wild. There's 722 00:31:35,540 --> 00:31:37,440 dude, it was built in the desert. What 723 00:31:37,440 --> 00:31:39,700 do you think the shit goes in the sand? Like 724 00:31:39,700 --> 00:31:42,840 there's nothing under it. It's 725 00:31:42,840 --> 00:31:51,780 like, like, where, where does the Dubai shit? This 726 00:31:51,780 --> 00:31:53,960 is wild. I mean, I told you that they 727 00:31:53,960 --> 00:31:56,220 didn't have under ground cable, right? Like 728 00:31:56,220 --> 00:31:58,320 I said, I've been broadband really bad there. What 729 00:31:58,320 --> 00:32:03,400 happens when you poop in a burst Khalifa toilet? He's 730 00:32:03,400 --> 00:32:08,960 not kidding. Let's see. Yeah, 731 00:32:09,020 --> 00:32:14,160 there's like different plants, like privately. I'm 732 00:32:14,160 --> 00:32:16,120 not kidding. Wow. Yeah, we need to, I'm 733 00:32:16,120 --> 00:32:17,060 going to investigate this. This 734 00:32:17,060 --> 00:32:18,900 feels like something that. It's 735 00:32:18,900 --> 00:32:22,380 a septic tank, right? Most like UK houses that they're 736 00:32:22,380 --> 00:32:23,900 out in the middle of fucking nowhere have the 737 00:32:23,900 --> 00:32:25,740 same system. Like every six months, you'll 738 00:32:25,740 --> 00:32:27,980 come and get your poop pumped out of it. So 739 00:32:27,980 --> 00:32:29,800 it's a septic tank. They were a site. They 740 00:32:29,800 --> 00:32:32,660 all live off of it because it's basically like just a 741 00:32:32,660 --> 00:32:36,260 fake piece of sand. They recycle and convert your 742 00:32:36,260 --> 00:32:38,040 waste. Four million people who live in 743 00:32:38,040 --> 00:32:39,960 Dubai. Like a baby. I 744 00:32:39,960 --> 00:32:42,520 think quite a lot of Americans to have septic 745 00:32:42,520 --> 00:32:46,320 tanks too, right? Listen, I don't know. I 746 00:32:46,320 --> 00:32:49,060 don't know, bro, but it literally says that it's at 747 00:32:49,060 --> 00:32:49,940 least they could see. That's 748 00:32:49,940 --> 00:32:51,700 the official government website. So 749 00:32:51,700 --> 00:32:57,300 they're storing crap in the streets in 50 degree 750 00:32:57,300 --> 00:33:01,800 weather in UAE. How does that place not? No, 751 00:33:01,960 --> 00:33:05,180 it's it's underground. It's underground. It's 752 00:33:05,180 --> 00:33:08,940 underground in tanks. Mate, I'm not sitting in the 753 00:33:08,940 --> 00:33:11,780 street. It's it's under a tank. Let's 754 00:33:11,780 --> 00:33:14,940 let's get it. Has an underground tank. That's 755 00:33:14,940 --> 00:33:17,060 what we walk around in the grass. No, 756 00:33:17,100 --> 00:33:19,500 we go to the street. I need I don't know. They 757 00:33:19,500 --> 00:33:21,100 must have some form of sewage, man. But 758 00:33:21,100 --> 00:33:24,480 there's no way the four million people are just 759 00:33:24,480 --> 00:33:26,600 putting it into sewage tanks. Mate, 760 00:33:26,840 --> 00:33:29,020 golfnews .com. I'm I'm literally on Reddit 761 00:33:29,020 --> 00:33:30,980 right now because I was like, I need you to debunk 762 00:33:30,980 --> 00:33:33,740 me this. I found an article new Dubai 763 00:33:33,740 --> 00:33:36,660 areas. There is some of them. They're 764 00:33:36,660 --> 00:33:39,040 working on it. Oh, that was 2011. I 765 00:33:39,040 --> 00:33:40,360 guess now there may be. Anyways, 766 00:33:40,660 --> 00:33:43,320 that was not the topic of conversation. Right. 767 00:33:43,400 --> 00:33:45,920 I don't think that was in our FOMO hour document. 768 00:33:47,140 --> 00:33:49,920 Anyways, well, you know, I mean, 769 00:33:50,020 --> 00:33:51,720 hey, the more you know, I mean, this show is meant 770 00:33:51,720 --> 00:33:53,760 to educate people. Anyways, you know what? Let's 771 00:33:53,760 --> 00:33:54,980 let's quickly go over this. So 772 00:33:54,980 --> 00:33:57,960 look, Epic's doing well. Coins 773 00:33:57,960 --> 00:34:00,700 are doing well. Let's talk for a minute about 774 00:34:00,700 --> 00:34:02,640 about thread. I'm going to die in a minute 775 00:34:02,640 --> 00:34:05,200 by the way. I should accept. I've 776 00:34:05,200 --> 00:34:06,920 got 6%. So you're going to. OK, 777 00:34:06,940 --> 00:34:08,639 well, OK, so you have enough for two more 778 00:34:08,639 --> 00:34:10,020 minutes. So thread guy put a tweet 779 00:34:10,020 --> 00:34:13,659 yesterday that seemed to have pissed off a lot of 780 00:34:13,659 --> 00:34:15,760 people. But I don't think he meant it 781 00:34:15,760 --> 00:34:19,460 that way. So the first trap with be 782 00:34:19,460 --> 00:34:26,000 careful. No. I was talking with Mika's 783 00:34:26,000 --> 00:34:28,600 parents at the Museum of the Future in Dubai. 784 00:34:29,060 --> 00:34:31,760 They're lovely, lovely parents. And 785 00:34:31,760 --> 00:34:35,300 we talked about their son -in -law pause and they love 786 00:34:35,300 --> 00:34:38,380 him. They love him. They're 787 00:34:38,380 --> 00:34:43,199 wait, what? Anyways, thread guy, he posted 788 00:34:43,199 --> 00:34:47,139 something about about the Apes yesterday. About 789 00:34:47,139 --> 00:34:49,679 the social bottom of the Apes. I 790 00:34:49,679 --> 00:34:51,500 have to say I tend to agree with him because even 791 00:34:51,500 --> 00:34:53,860 me to that, I wish the Apes a happy third birthday 792 00:34:53,860 --> 00:34:56,739 because they like they were important part of my like 793 00:34:56,739 --> 00:35:00,780 trajectory in this industry and everybody's hating. So 794 00:35:00,780 --> 00:35:03,840 he said board Apes socially bottomed. I 795 00:35:03,840 --> 00:35:05,380 don't know what happens to price, but there's no 796 00:35:05,380 --> 00:35:07,680 possible way for sentiment to go lower. Every 797 00:35:07,680 --> 00:35:09,740 popular big PFP left and sold. It's 798 00:35:09,740 --> 00:35:11,120 normal to scroll the timeline. Oops. 799 00:35:11,900 --> 00:35:13,440 And see hundreds of you collapse. Fuck 800 00:35:13,440 --> 00:35:16,560 post blah, blah, blah. What the fuck is the web? Big 801 00:35:16,560 --> 00:35:19,340 imagery counterculture again, just an observer and people 802 00:35:19,340 --> 00:35:20,740 hate on him, but when he meant this, this, so 803 00:35:20,740 --> 00:35:25,480 backless pretty much rolling stone at this stage. Posted 804 00:35:25,480 --> 00:35:27,380 this about being dead. What do you guys say? Do 805 00:35:27,388 --> 00:35:29,300 we think that they've socially bought? Do 806 00:35:29,300 --> 00:35:31,060 we agree with? I personally agree with thread 807 00:35:31,060 --> 00:35:32,880 guy sentiment because he did not mean in the bad 808 00:35:32,880 --> 00:35:35,320 way. I think the price is bottom. 809 00:35:35,620 --> 00:35:36,600 I said this on the show last 810 00:35:36,600 --> 00:35:39,140 week. I said this to OSF and I 811 00:35:39,140 --> 00:35:41,600 said, look, I think they have bottoms. I 812 00:35:41,600 --> 00:35:46,080 would be a buyer. Go back and check. I 813 00:35:46,080 --> 00:35:49,280 said exactly this is the first time in, since we 814 00:35:49,280 --> 00:35:51,600 sold that I was like, I would buy them here because 815 00:35:51,600 --> 00:35:53,180 as soon as they start doing things with it, un 816 00:35:53,180 --> 00:35:56,280 -shackling the original team, they can go hard. I'm 817 00:35:56,280 --> 00:35:58,460 not saying they can do a 5, 10 X, but I think they 818 00:35:58,460 --> 00:36:00,380 could easily go back to the low 20s. Very, 819 00:36:00,480 --> 00:36:02,320 very easily. You know, interestingly enough, 820 00:36:02,400 --> 00:36:04,880 and that's what happens very often when you raise 821 00:36:04,880 --> 00:36:06,540 capital from institutions. It 822 00:36:06,540 --> 00:36:08,160 seems like they were completely tapped out of 823 00:36:08,160 --> 00:36:11,680 their own company. Like seriously, like Gargar made 824 00:36:11,680 --> 00:36:15,820 a comment, about how board a club ended up in the 825 00:36:15,820 --> 00:36:19,980 wrong hands. Like he doesn't very happy about 826 00:36:19,980 --> 00:36:21,460 previous management and everything. So 827 00:36:21,460 --> 00:36:24,560 there's lessons in there from, you know, who you 828 00:36:24,560 --> 00:36:27,140 raise money from and who you trust, but it seems 829 00:36:27,140 --> 00:36:29,200 like they've dropped their, there it is. He 830 00:36:29,200 --> 00:36:32,460 goes, I could be down. I could be down about what 831 00:36:32,460 --> 00:36:34,660 was done to my baby. I think those on chain fuck 832 00:36:34,660 --> 00:36:37,000 ups are too big of a drag plus fit into the 833 00:36:37,000 --> 00:36:39,440 background or I could go on the warpath to fix 834 00:36:39,440 --> 00:36:41,280 everything and hope folks have my back as I do 835 00:36:41,280 --> 00:36:44,960 that. So, dude, you know, typical 836 00:36:44,960 --> 00:36:48,740 like, you know, raising money, letting the suits, 837 00:36:48,900 --> 00:36:50,840 telling you how to fucking run your company, a culture 838 00:36:50,840 --> 00:36:53,440 company in a new industry that you probably understand 839 00:36:53,440 --> 00:36:55,640 better than them and that happening. And 840 00:36:55,640 --> 00:36:57,460 we've seen that happen over and over again with a lot 841 00:36:57,460 --> 00:36:59,780 of brands and companies in this industry. So, 842 00:37:00,000 --> 00:37:02,700 you know, just because funds, you know, have money 843 00:37:02,700 --> 00:37:04,940 doesn't mean to know what the fuck they're doing. Of 844 00:37:04,940 --> 00:37:06,560 course not. And I even said on the show 845 00:37:06,560 --> 00:37:09,800 last week, we also, we all generally benefit. I 846 00:37:09,800 --> 00:37:12,240 know if people who sold, but like we all benefited 847 00:37:12,240 --> 00:37:15,920 from those big dreams. Like Apecoin was a lot of money 848 00:37:15,920 --> 00:37:17,440 for a lot of people, right? Like 849 00:37:17,448 --> 00:37:21,640 in this space. So we all wanted to believe 850 00:37:21,640 --> 00:37:23,740 those dreams and then it's only over the course of 851 00:37:23,740 --> 00:37:27,720 the last year or so that like it's been. Every 852 00:37:27,720 --> 00:37:29,440 time a VC got involved with one of the NFT 853 00:37:29,440 --> 00:37:34,220 projects, the project almost went to zero, bro. It's 854 00:37:34,220 --> 00:37:36,500 the truth. It's the truth. Study 855 00:37:36,500 --> 00:37:39,580 2021 projects that are nowhere to be seen to be 856 00:37:39,580 --> 00:37:43,220 found now. And while they raise 50 million 857 00:37:43,220 --> 00:37:44,820 fucking dollars, that doesn't mean don't raise 858 00:37:44,820 --> 00:37:46,320 money. We need money to run these 859 00:37:46,320 --> 00:37:48,480 companies, but maybe be careful who you raise from. 860 00:37:49,380 --> 00:37:51,680 Like Luca raised money from 1KX, 861 00:37:51,940 --> 00:37:53,460 small round like 10, 12 million. I 862 00:37:53,460 --> 00:37:55,500 think it was a figure what they announced and he's 863 00:37:55,500 --> 00:37:57,460 thriving. Right. So I think I would be 864 00:37:57,460 --> 00:37:59,160 very careful. Like as a founder, like where, 865 00:37:59,260 --> 00:38:02,100 where I pick who I pick with anyways, let's pick a 866 00:38:02,100 --> 00:38:04,480 winner for a $250 win today. Make 867 00:38:04,480 --> 00:38:06,400 sure you have a better account of course. So 868 00:38:06,400 --> 00:38:08,460 you all you have to do is follow up from our, there 869 00:38:08,460 --> 00:38:09,840 you go. And you've shared the stream. 870 00:38:10,000 --> 00:38:10,600 We're going to do this every day 871 00:38:10,600 --> 00:38:12,520 because we have 3000 people on stream. So 872 00:38:12,528 --> 00:38:14,540 since this is some mostly video show, I'm just going 873 00:38:14,540 --> 00:38:17,520 to start doing this every day. So 874 00:38:17,520 --> 00:38:21,700 continue here. Let's do draw 200 entries loaded 875 00:38:21,700 --> 00:38:23,000 only. Wow. That's a high chance to 876 00:38:23,000 --> 00:38:24,740 win $200. And tomorrow reminder, there's a 877 00:38:24,740 --> 00:38:26,640 robot loot box. Spends there's three spins, but 878 00:38:26,640 --> 00:38:28,660 remember the guy that we couldn't find last time was 879 00:38:28,660 --> 00:38:30,760 buggy. We're going to honor that because 880 00:38:30,760 --> 00:38:33,440 I think we're honorable people. So 881 00:38:33,440 --> 00:38:34,420 he was actually on the stream. He 882 00:38:34,420 --> 00:38:35,940 couldn't come up. So we're going to give him 883 00:38:35,940 --> 00:38:37,920 one of the spots and then pick two people as well. 884 00:38:37,980 --> 00:38:40,200 So Alex on chain, you're able 885 00:38:40,200 --> 00:38:41,480 to come on. So I'm not going to show the 886 00:38:41,480 --> 00:38:46,380 rejected begin the draw and there you go. 1d 1717 here 887 00:38:46,380 --> 00:38:47,860 for Bernie. You don't have to come on 888 00:38:47,860 --> 00:38:50,300 stage, but Bernie take a screenshot of that. There 889 00:38:50,300 --> 00:38:53,960 you go. You want 250 United States. Oh, 890 00:38:54,020 --> 00:38:55,880 he's here on chain. He's on there. He's 891 00:38:55,880 --> 00:38:58,020 the guy who's going to win tomorrow or at least 892 00:38:58,020 --> 00:39:00,960 potentially win a crypto park chat to 3000 people 893 00:39:00,960 --> 00:39:02,880 in here. I'm in New York. Let's 894 00:39:02,880 --> 00:39:06,020 fucking get it. Mando Ovi. I 895 00:39:06,020 --> 00:39:08,320 will see you all tomorrow morning. 10 30 am Easter 896 00:39:08,320 --> 00:39:11,120 start time for the episode of FOMO hour on work 897 00:39:11,120 --> 00:39:12,860 radio. Let's go.