Yo-yo, yo-yo, yo, What up? What up?
Good morning. Good morning, The MBS Friday.
What day is it? January 26th, 20244444.
Look at that. Another beautiful day to have a
beautiful day. I do not.
I mean I do have my microphone, but I forgot the adapter.
USB to MacBook. So that's not going to work
today. I'm in my room.
I am wearing a jacket because the AC is cranking though I put
the heat on. I woke up this morning, lads.
It was 17° in my room, like freezing and and and I put the
heat on so I had to make like hot water to drink.
I'm on like survival mode here in Toronto.
But you know, we're making it happen.
I got my Tim horton's, I got, you know, my Tim bits.
I had ten of them. I had a breakfast sandwich.
So we're back. I got my car.
I was in the house. I said bad shit.
How you guys doing today? Yeah, good.
I just had some some commotion with about buying a new pair of
jeans, but apart from that doing well.
Oh, really? Wait.
Hold. On what?
Well, you know, like, you know, like how I have like a ongoing
thing about like getting, you know, trousers that fit and
stuff. Well, do you not know this for
her? For.
What? OSF has to have every single
pair of jeans he he like buys like specially made he.
Like he. No, there's something about the
size of his ass, I think. It's my thigh.
Yeah, it's my. It's my thighs on my on my ass.
Wait, they don't make like? What?
Anyway, I I've I found it a difficult difficulty ever since,
ever since I was probably like 21, when I really, like,
developed my body. So hold on, your ass is too big
to fit in jeans? It's like my ass and my thighs,
yeah. Like how does someone like
Overweight Fit in Jeans and you don't?
Because they're usually taller. And I I guess I get to like,
plus size places, but I'm not like, I'm not like, plus size.
Yeah, just thick, basically. But like, two years ago I met
this guy in Selfridges that's like, so this big, like, gay
Italian guy. And he just, like, got me
straight away. He was like, I know what you
want. Like, I know.
And I get it. I get it.
And then like, like, get all
these things out and stuff. Like, it would be perfect.
And then it's like once a year I go there to, like, buy a pair of
jeans. And then we went last Sunday.
But he wasn't there. And I was like, maybe he's left.
So. So I had it ultered, went to go
and collect it today. And it was like all wrong.
And like, there's like flared out stuff.
And the guy was there and he's like, I remember you.
I was like, yeah, his name was George.
And he's like, oh, is it wrong? Is it wrong?
We have to like try and, like return the wrong size to get
like, the right size without paying and everything.
That was a, like, complete disaster.
And he was like, tell him, tell him, tell him, tell you this,
Tell him tell you this and like, telling me like weird things to
say. So he'll, so we'd like, get the
free money and stuff. Yeah, free.
Pretty wild. Did he give you that awful
orange satin shirt as well as a freebie or?
No, he liked my shirt, though. He didn't say that on my shirt.
He's very fashionable, so. I like I I have to say Orange
looks really good on OB, you know, that's what George said.
George. Said that.
As well, yeah. That's the Italian guy, right?
Yeah, No. Yeah, yeah, yeah, I've.
Never met an Italian person called George.
But you know, we have Jorge, but that's Spanish, The Italian is
George, Giorgio, Giorgio, Giovanni, Giovanni, Giovanni.
You know, I have to say you go yesterday, you know, I get a
screenshot from my team in the Margarito team chat and they're
showing me OV drinking on the show.
And then I I I TuneIn and I see Mando also drinking on the show.
You know, I have to say I'm kind of, I'm kind of upset.
You know, the one day I'm not here, I've never missed shows.
The one day I'm not here, you know, the boys are drinking on
the show. It's, you know, it's upsetting.
So I went last night. We were drinking because because
you weren't on the show, dude. That's that's.
The That's the reason I was so. Energized.
I was so upset that I went and drank last night a lot, which is
why your boy here is like, you know, half of himself this
morning after say I'm getting old like you know, I'm pushing
30 this year. It's it's getting harder to
drink, you know, with all this work that we all have.
It's tough boys. I mean when you guys hit 30
would is that when like you everything started going
downhill like is? It 30 not 32 for me 3233.
I don't really drink that much. So like I've never really been,
not for, not for a few years. So like, yeah, I've, I don't
really get hammered anymore. So I don't really know.
But I definitely feel like a beat.
I I my recovery is not good. Like like day three of any of
these NFT conferences. I'm like, you know, I don't want
to see or speak to anyone. I've been pretty good with the
conference stuff, but I have to say I so I'm in Toronto right
now. I came to speak here.
It was phenomenal. Like honestly I have to say one
of the best panels I've ever been on and I've done a lot of
them and it was like 200 people in the crowd.
Like it was a lot of people like they packed that room and it was
crazy like I got to give a shout out to night shift.
Sorry Other Life who actually built the first Rock video
branding and that I'm pretty sure they work with you guys
right on Wrecked right. They did your website do these.
You guys probably still work with them and to moon pay, of
course. My boy Keith Shad.
Keith Grossman, who called me this morning to admit that
Montreal bagels are better than New York bagels and and then he
hung up on me. But you know, I I came last
night. I came yesterday to Toronto,
took me 3 planes to get here 45 minutes of flight and and I I
made it and I spoke about web three and the power of brand
partnerships to whatever the title was.
I forgot. It was great.
There was fire and there was a lot of cool people.
So Toronto, I love you guys though.
This hotel room is like trying to fucking kill me.
I'm dying. I'm so cold in here.
But it'll work out. Anyways, today on the show,
Today, Today. What do we got?
Let's see what Sims prepared for us this morning.
Market report. Market report.
You know, I mean, I woke up a check price.
Good price, you know? Amazing.
I love to see that. So we'll talk about that.
It looks like, you know, Sausage songs.
Meath. Nothing new here.
We knew that and it was posted like that's wallet that moved
all the ETH. So you know, I'm ready at this
stage. I'm ready.
I can get dumped on every day for like 100 days in a row.
I'm ready for it. No problem.
I can take anything. I'm sure you guys can do as
well. Air drops.
I mean some pretty big stuff. I'm going to.
I'm going to you know, kick that when we get there.
To our Solana correspondent. Correspondent, you know OV you
know there's the wind AirDrop there's the Jupiter coming up.
I mean, OV's full blown manlit mode.
You'd love to see that. So we're going to get a we're
going to hear it from him What goes on there.
But I I'm super bullish about what's going on there.
So exciting. I can't wait.
Elon. Oh so Zai's Elon.
I thought zai was Sobi. So Elon raises 6 billion
dollars, $6 billion? Holy shit for zai.
That's crazy. Wow.
At a $20 billion valuation. He hasn't.
He hasn't raised it yet, but. Oh, he will.
He will. OK, I guess we're going to have
to print some money to be part of that Pokémon.
Pokémon is investigating Power World.
Oh my God, these must be down so bad right now.
So we're going to have to talk about that.
I have not heard from these and Thread, Guy and Sobi since Power
World came out and you guys know that we have not heard from the
boys. Nothing these has disappeared
from the surface of the planet since Power World came out.
So shout out to these for that and an NFT roundup.
And last but not least Robin, we're giving away 1000.
We're giving away $1000 a day yesterday.
You know what? You know what lads?
I met the winner of the 1st $1000 last night he came to the
event and he was so happy. Shout out to opportunists who
won the 1st $1000 on Wednesday and he came last night to the
Toronto event so wouldn't give him a big shout out.
It was really cool, you know, he was he was not having the
greatest day and then he won $1000 and it was like really
cool. It was poetic honestly.
And he told me his story. It was awesome.
So shout out to upper Twitter's Love you man.
And then yesterday I saw some rec guy won.
Love to see that though. You should DM Bernie for that
$1000. Not me.
But we got you. And then today, if you're on the
Twitter Spaces live, but at the end, we're going to do a pick
up, you know, Twitter picker and we're going to pick you up one
of y'all and you're going to win $1000 for listening to life.
So hey, you know what? Win, win, win all across the
board here. But anyways, I don't have my
soundboard, I don't have my Rd. caster, I don't have my
microphone, I have nothing. Mendo, talk to us about the
market with your Mario novel headset.
Yeah, I love the. I love that intro.
It was like you actually reading the news for the first time,
which is which is good. I'm usually so ready for the
show. Like, I'm really professional
with my shit today. I'm just like, I'm, I have my
jacket in bed. I mean, I don't know what's
going on. Yeah.
No. Well, you missed the market kind
of pumping back a little bit. That's what I would say.
Bitcoin's above 41 K that's good to see.
ETH is 2250, Salon is at 92, Let's go and a bunch of
different old coins are running again.
Things like TM moves up higher, A couple of others, but yeah,
it's it's optimism's higher. A couple of the BRC 20s have
moved quite aggressively higher. Just a good day all around.
I think the majority of that was just, it looks like the IT looks
like the GBTC outflows have slowed.
I think they were matched basically by inflows yesterday.
So it looks like we could be at the at the tail end of that.
I think JP Morgan put out a piece yesterday saying they
think it's going to be that's kind of the majority of it done.
I know Bloomberg had a different different opinion but it is it's
interesting to see that people think it's it's largely it's
largely done. There was some other bad
headlines though, which was that the government's going to sell
like 100 million Bitcoin it seems.
Yeah, 100 million. I saw that I was like I just
came about 100 mil like we just. It just seems small, yeah.
And then you had 40. Billion to dump on us.
And then Celsius have got this aside to sell this billion
dollar each, which again they were moving it before now
they're actually actively selling it.
So I don't know yeah we've definitely rallied on on both of
those sort of headlines. So we're up higher.
It does feel like out of the three majors Solano's is Solana
is Solana. Bitcoin has like reversed
slightly. I think the, the, the, the
majority of the focus for people who are here every single day is
on air drops. Right now you had a free air
drop for Jupiter, which is this when token which was led by an
NFT project in the space. Then you have then you have the
Jupiter AirDrop which is coming on the 31st which I was looking
at today like already has like a $4 billion valuation in free
market which is huge like that is absolutely monster.
And then you have and then you've had the airdrops
yesterday which are all still performing well.
So you had alt layer, the Bear AirDrop and I think people are
just like that's what people are focusing on.
There's there's some big ones coming, right.
I think that was the name. The biggest ones coming.
You have blast, You have Portal. I guess it's coming relatively
soon. I think that will be relatively
big. I think you have things like,
oh, I mean, there's been ones that have been going on for
ages, like Layer zero. You have this dimension one,
which a lot of people have been talking about.
Obviously pudgy Penguins have been tied to that, which is also
linked to Layer zero. You have monads, you have like
there's just like so many like big, big ones coming.
And I think that's what people are now focused on this.
I put it out yesterday, but this does not feel like a bear market
for me. This feels like we could push on
pretty aggressively with this sort of people making free money
every single day. That's amazing.
I love that. I love to hear that.
So I I my mom brought me a sandwich back from France.
Can I still eat that? Maybe maybe.
And she brought me my favorite standage home.
So I was just looking at a photo.
But anyways, there's a lot of, there's a lot going, Like The
thing is, there's a lot of cool stuff coming up in the space.
You know, like when you, when you talk about all this stuff
going on, like what's what's up with this Jupiter AirDrop OV,
you're the, you're the one, like, you know, tailing that
day-to-day. You're on it.
What's up with when? What's going on on that front?
Oh, you're muted. We cannot hear you at.
All so Jupiter are launching A launchpad for coins, kind of
like how you see Binance Launchpad and other launchpads
from centralized exchanges. So sort of done this weird thing
where they had like mock jupe which is like which is a test
token. Last week.
Now they're testing the launchpad with a meme token
which is called when, which I think represents some sort of
like fractionalized ownership of an NF, of a new an NFT on a on a
new NFT standard. That was a poem about when boys
made by Meow that looks like it's trading at like a 56
billion market cap, I think. Do you know my maths correctly?
But yeah, that's a free air drop for that and basically anyone
who'd ever used Jupiter before. And I think the value, the value
per wallet is for something very low, like $60.00 per wallet or
something. But you know, if the total, I
think there's about a million wallets in total that I received
in this edge was quite large. Yeah.
So that's OK. And I think that to be honest
with you, I just think like whatever on this thing, I think
the main thing is going to be the jupe AirDrop itself, which
will come in at the end of January, 31st of January.
It looks like it's already trading Well, there are like
perhaps that I trade that quota like a $4 billion FDV, but it's
probably not very liquid. So I wouldn't like, I wouldn't
take, I would take it with a pinch of salt, but yeah, that's
going to be a big, big like capital inflow for the Solana
ecosystem, I think. So yeah, that's where we are
there. But it just feels like, you know
what ETH did during 2020 and 2021 with all these different
air drops that are actually worth something and people are
making money off them. And I think that then, you know,
encourages more people to use that ecosystem and and and be an
active user there. So that's where we are with that
at the moment. You're muted.
So how does one so for I know I just saw that, you know, Meow
went live yesterday night on Twitch for a couple hours to
explain to people like what happens with that AirDrop.
So how does one how does one check if they get the AirDrop?
Like, are you going to be able, like everyone's getting it or
just being active? If you've used Jupiter, if you
use Jupiter prior to like within the last six months prior to the
snapshot, then you will get it. Yeah, I think the website
saidwhenwhencoin.com or something.
So wow. Yeah, I'll just go to the
official Jupiter Twitter and check from there.
Guys, that is crazy. I mean.
Yeah, I think it would have been.
My opinion is it would have been more valuable if it was an
AirDrop like Jeter, where it was actually worth something.
I think the ones where they give like a very small amount to
loads of people just doesn't really have much of an impact
because. I mean, bunk did, right?
How is the how is bunk was? Was it the whole thing
originally an AirDrop? I don't really know.
I think Bunk started off as an AirDrop, like all the Solana
wallets. Like one of those, Like, yeah,
like it was like something crazy.
Like they just air dropped everybody.
Bonk. Yeah, it was a.
It was a massive claim. Like I think that's why they
have so many holders. It's it's like insane how many
people got given it. Yeah, so maybe it can work.
You know, you have like the biggest decks on Solana and
Miao, who has like 500,000 followers and seems to be very
well liked behind it. So yeah, maybe it can and it
will. Interesting.
This is like this. Actually.
This is crazy. Like how like we, I know we talk
about this a lot right now on the show because obviously
Solana's taking all like the all the attention at the moment.
But surely this probably means that that a whole ecosystem's
about to just explode this year. Like that's just the way I see
it. Like NFTS meme coins on there.
I mean, all of them are running. The one of ours is doing really
bad OV today. I know it's fun.
I think we got dumped on overnight.
It holds true to its name. Yes, it looks like Obi and I got
dumped on overnight. Just saw that.
You boys are in control. That's that's the issue.
Yeah, yeah, yeah. You're not in control, that's
for sure. I know.
And what do you make of this Mando like, it's pretty crazy
like you got it. You got into the Solana trade
quite early last year. You know, you've been talking
about this for a minute. Obviously we we kind of tailed
and we're all in now and we're all pretty involved in the whole
ecosystem at the stage. But what do you, what do you
make of all this? Like for me, it's like a
reminiscing like 2021 ETH all over again.
Yeah, I I I mean we've been thinking about this for a little
bit now. So I don't want to like repeat
but it just it does for me. I was looking at it again today
and and I actually called Ovi about it earlier and something
that I I keep on thinking in in in crypto is that like sometimes
the best trades are the obvious trades which are perhaps taking
a little bit of time to play out because in that time that it
takes to play out often people they they like oh fuck like it
hasn't moved in a little bit. I need to DJ into something else
and they chase a pump and they chase it.
To me Solana is like a long term obvious trade of this cycle and
if I was to time getting back into it I would say this is a
good time. I think Bitcoin very similarly
in 2023 was the obvious trade but it was too boring and a lot
of people chased a lot of other like a lot of trades last year
and actually they would probably done better just owning Bitcoin.
Bitcoin did like a 2 1/2 X right.
I think a lot of people chased a pump like a 1020 percent, 30%
pump. They got wrecked and they should
have owned Bitcoin. For me, I feel like Solana is
that trade right now. I feel like this thing at $40
billion could easily double, and I put out a tweet about that
just just before. You did?
And and for me, if it doubled, I don't think that would be
surprising to literally anyone. Like it's everything is going on
there, right? Now everything.
And I think it's it was boring for a little bit because it went
down from what, 130 to 90, everyone started getting into
mean coins and all this other shit.
But like for example, if Jupiter comes at $4 billion, the Lana at
$40 billion just seems like the wrong price to me.
Like, I don't know how to describe it, but like UNISWAP is
a $5 billion coin and Ethereum trades at 250 billion.
So like I look at that and I feel like if I'm sitting on a
chain here where the air drops are coming at like 10% of the
value of the chain that that seems really mispriced and.
Then when I put. Right.
So like and and then you have situations where like all the
other stuff is working well on it.
Like they've got the new narratives and fire dances, all
the deep in stuff you've been seeing with like.
Helium they got a dog with. Hat they've got the meme coins,
they've got stable coin transfers.
It's like this thing just feels like it could double and I I
think it will be obvious in in hindsight.
But it takes a lot of guts to like not not just be in all the
other D Gen. shit and just be like I'm just going to be in
like you can you can like go levered, you know if you really
want to go do more D Gen. But I I feel like it's it's
again the obvious trade and it will perform because it's the
obvious trade and in some ways it will be a bit of cope because
I think a lot of people have gone into other bags here and
then it'll be like, fuck, that was the obvious trade again.
It's like I feel like, you know, I I think you're totally spot on
and obviously Full disclosure, like this is where all my bags
are, but I wrote about that a couple days ago.
But like, I think it's been the obvious trade for almost six
months now, right? Like, I think for me like the
big swap was like around November where like I was like
OK, fuck it. Like at this stage like ETH is
just too stagnant for me. Obviously we're building on
Ethereum. So like, it's not being bearish
on Ethereum. Like for me Ethereum is like the
future of of the planet like it's everything I want to build
will ever always be on theorem and an arbitrary for this worth
because that's helping scale theorem better than anything
else. But when it comes to trade, like
I think you're absolutely right and I think OB like you fully
like took the the, the kind of the jump into that as well more
more recently too. But like it's just like it it
seems like this is like this is the best narrative going on in
crypto right now. Like there's so much going on
for it. I think it's quite a strong
thing to say it's the best narrative in crypto, but I just
think there's a part of the crypto world which is like a
bunch of degens and the majority of them tend to be in like the
same place. And we've had like NFTS on the
ETH, you had shit coins on the ETH, you had D file on ETH And
right now it just seems like that most of that degen activity
maybe not in terms of like TBL or size or metrics, but just in
terms of like noise and community.
I guess there's another word for it.
So I just as long as like you can't deny that it's like
rapidly increasing I think so like best Nas in crypto I think
is not really like the way I I put it but I think the most
active casino in crypto is definitely one way I would put
it. And I think you know if you
think about if you think about ETH during 2020, 2020-2021 like
Q1 like this time in 2021 ETH was trading at something like a
200 billion, $250 billion market cap and it I think it peaked at
like almost 600 billion in 2021. Right now Slalan's at like less
you know at 40. So again that you can't that you
can't just make compare those numbers like for like.
And I'm sure the in terms of if you look at the actual metrics
of ETH in 21 compared to Slalan now the ETH was still like
materially, materially higher. But I just don't think the
activity and hype around Slalan is going to drop anytime soon.
And having air drops which are actually valuable.
So like the one air drop, I'm not going to count as one that's
valuable because yeah, because it's too early and everyone got
like 30 bucks, but Geeto, little 60 bucks winner.
But Geeto definitely was 1. Jupiter is definitely going to
be one. And there are probably more that
I've missed that I haven't mentioned and and I think there
will be more as well. And you know, when people just
start making, when you see your Twitter feed and people just
making loads of money and it all seems to be on one chain, it's
naturally going to bring more people to that chain.
And I think Michael's right. Like if Jupiter is trading at
like a $4 billion market cap and Solana trades at 40 billion,
that just doesn't really doesn't really make sense.
Like UNISWAP trades at $6 billion and look at where ETH
is. So again, it's not, you can't
just extrapolate these things and be like, oh, this means that
Solana should be trading at at this, but you.
But they're all data points that you can add to say that maybe it
looks cheap here. So even still.
Yeah, it was there a reason for the market bounce across the
board today? It happened yesterday.
Well, sorry it happened this morning.
I think when the final ETF flows started coming in.
Also like funding had gone, a lot of shorts have been added,
particularly in in in the top 3 coins.
So this could be a short squeeze like I've been saying for the
last last week, like my my traders really just I think that
Lana looks mispriced. Here, you've heard him that that
post was the bottom. Oh yeah.
We won't do the victory laps
just yet. I'll, I'll, I'll take that
retweet for a for a couple of months.
Oh, that robot. That robot P&L is about to come
in hot, Mando Minutes on the leaderboard Again, it's.
Tasty. But yeah, I just, I I think, I
think it's going to outperform a lot of things here that that's
just my view. I love that.
No, that makes sense. Listen, there's a lot of
excitement around it, that's for sure.
And there's a lot going on. Like I I can't even keep up with
all the meme coins for example, let alone the NFT collections.
Like anytime you for me like a good gouge of like where the
market is with regards to like an ecosystem is always the the
engagement it gets on the media standpoint and on both the crypt
side. When they write about like that
Solana ecosystem and on rock radio or myself, anything I put
out even knew your tweet this morning, it's like it's absurd
the amount of engagement that is around Solana right now.
And that's just like where I think most of the narrative is
at the moment and I think it's hard to hard to ignore that OV.
A lot of people seem to be, you know, complimenting your hair
today. That's to say it is, it is
flowing, it is flowing today. You absolutely love to see that.
It's so funny. So he's like, oh, Horace SAR is
impeccable on the stream. You'd love to see that.
But yeah. Anyways, in other news, in other
news, so that's that's on the crypto, you know, price action
side. Yeah, yeah, yeah.
It looks looking good. You know.
Will we get Shabbat candle? It is Friday.
It is Friday after all. Are we going to get our Shabbat
candles? Let's hope so.
It's looking good though, because we can't get dumped on
by Barry Silbert this weekend. That's a good thing.
So come 4:00 PM, we're back. You know, I'm excited for the
weekend now, boys, because I know that, you know, the Trad 5
boys can't come and unleash the beasts on us.
So it's great. I think, OV you made a great
point yesterday about how, like, people seem to have forgotten,
like the volume on Bitcoin. It's not just ETFs like there's
been volume for 10 years. And I think you, you, you you
brought that home yesterday with that tweet of yours.
So I thought it was good to point that out.
Anyways, so Next up, what do we got here?
So we already talked about the AirDrop for Jupiter and for when
for what it's worth. So go go check it if you're on.
So what is it like? The best thing is just to go on
the Jupiter website, right? For anybody that wants to claim.
Yeah, I just, I just came up with Jupiter, Twitter or what?
Yeah, I, you know, I don't like saying where to go because
there's so many phishing links. So I don't want to be the person
that has like, yeah, I just, you know, let people figure out
themselves. Yes.
So it's but the right website though I'll I'll say is JUP dot
AG, right. That's the Jupiter.
Website, yeah. That's the Jupiter website and
it's on there and you can check it out.
That's crazy. I it's it's exciting man.
I I think something that's so exciting for an ecosystem.
Anyways, So what do we got next? What do we got next?
So Elon, what is Elon up to now? Elon Musk for Financial Times
Elon's AI startup seeks to raise $6 billion from investors to
challenge Open AI. The Tesla chief targets $20
billion valuation in a bid to take on Open AII.
Mean Mando. What can you tell us about this?
What is going on in Elon's world and the world of AII?
Feel like you're a big AI guy? I haven't, I haven't quite
pivoted yet, but I think this this is interesting, right?
Like clearly a lot of the training data is going to be
from Twitter for this model and there have been some controversy
here about the fact that this could be like seen as stripping
out some of the like the most valuable assets on Twitter.
Even here he has said that Twitter shareholders would are
going to own some of Xai and it like let's say let's go out like
I don't know 1000 foot view of Elon's empire.
Right now you have SpaceX which is which is currently heading
towards most probably an IPO or or some form of a of a like a
high valuation sale. People have said it could be
worth like 200, three, 100 billion like very, very high.
He has Tesla which is down 20% already or 25% this month.
We're seeing a very big slow downs in EVs electric vehicles
at the moment globally. He has a couple of other
businesses, but let's just let's just say X is the next 1X is a
complete disaster. Like from a business standpoint,
they've lost the vast majority of Tier 1 advertisers.
They have a huge amount of debt because he bought it at like $40
billion valuation. Most of the debt that is traded
would have been traded by me and Ovi in a previous life.
Like it's at the stress levels. It's trading.
I think banks have already written a little bit down, like
it's a disaster. He's basically spun up this new
company Xai, and he's, I don't even remember, but like when he
took over X or Twitter, he stopped.
He stopped the ability for these AI models to scrape the data.
He put up very high fees for that.
So there is this idea that like he can now begin to build like
an AI model using the huge amount of data that Twitter has.
And this is his new venture and he he, he could value it at 20
billion, which is not far off like what Twitter was valued at
like almost 50, it was valued at like 4045 billion I think when
he bought it. So it's it's about 50% of the
valuation. It'll be interesting to see what
happens there because in our old world that could that could
potentially be seen as like stripping out assets from the
from the main company. Like if I'm a Twitter bond
holder right now, I might be a little bit annoyed because
because arguably he could have created this in house at
Twitter, he's actually spun up as like he's spun up as a new
company and he's taking like he's that's why it's called Xai.
So. What did you say?
Well, somebody grok grok grok. Grok is the is the is the Google
One, right? No, it's it's X.
No Grok X, Yeah. Sorry, Grok is X, so that that
is owned by Xar. That is owned by Xar.
Got it. I've never been in my life.
Should I try? I.
Don't think many people have, but people believe that the
training data from Twitter like it is insane.
Like what you can get from what is on Twitter, right?
So. $1,000,000 evaluation. So that's how that's what he's
doing and obviously there is some back story here like Elon
was the original investor in Open AII forget how much he gave
them, but it was a lot of money either 50 or 500 million, I
forget one of those two, I think it was 50.
And then over the course of of Open AI his life cycle
eventually moved away from his his ownership and became a it
was originally a a non profit and then as we've seen recently
basically has become just part of Microsoft.
So yeah like he has a history here he's he's obviously very
vocal about the the like AI and the and the the issues that he
sees as AI and part of the the valuation of Tesla even is less
some of their in house AI capabilities.
So he's bidding himself a little empire.
I do think there's some, there's some cross benefits between all
the different things he's doing, but this one feels the the most
similar to something else that he's done.
Like he could have built this inside of Twitter, but he
hasn't. He's made it is a he's made it a
completely new venture using a lot, which is going to use a lot
of Twitter's capabilities now. Interesting.
OK. That's going to be, I mean he's
got the world's best like tool to like, like platform to
scrape, right for his AI modelling.
So it makes sense what you're saying, right?
There's there's still a lot of active users on X, right,
whether the business model is not doing great or not.
But it's funny that you said that you and Ovi would be
trading that if you were still at Barclays 100%, what would you
guys be doing? Would you guys be like dumping
the chart right now on X? Like what would you guys be like
if you were at the Barclays right now selling distressed
assets? Like what would you guys be
doing right now with that? I bet you a lot of a lot of
bondholders and who cares about them.
But a lot of bondholders will be very pissed at how this has
happened. Like that's what I would tell
you because I think they would have been like, well, why the
hell has he created his own separate AI company use it,
which is going to be very related to like the the data
from X? Let's see.
All right. Well, let's, let's see what
happens. I mean Ovi, would you be, would
you be buying those distressed assets would be selling them,
would you be shorting them? No, I would never short
distressed stuff unless like not low prices.
So what did you used to do? Like you used to like buy shares
of like companies. No, I would share.
I mean, I would, yeah, We didn't trade shares.
I would trade bonds and CTS. Unless I thought something was
going to default, I would short it.
I wouldn't like short something that was already already
defaulted. What's like the most insane
short you ever pulled off? Like what?
Did you ever, like, run a company to 0?
Many. Yeah, in 2020 companies.
You got that, you saw that reaction?
I've been, I've been. I've been through a few zeros,
yeah. Oh yeah, I also have to swim
through a few in 2020 companies is like, they went like that.
Like it was insane. I can't.
I can't even tell you how insane those few, those few weeks left.
But no way. No, the big one really was
Estaldi. I really, I really got him in
the end. Yeah, you got him in the end.
There's a lot of like. Very random.
Tell us more. What did you do?
Did you literally run a company into zero?
No, I didn't do anything. I had a massive no.
I had a massive short in it, but I it's not like that.
Yeah, it's not. Like to reach New York and then?
These companies run themselves into the ground like often, like
there's a lot of European infrastructure companies which
did some very dodgy things, Saudi Abangoa famously.
But like what name? How they run come to me.
But yeah, in 2020 they it was good.
Companies that went like airlines went every single.
Crews, Donna, you've. Ever known when most like car
rental companies went like all all the travel industry just.
Yeah. Defaulted straight away.
Wow, that's crazy. It's honestly fascinating.
Wow. OK, interesting.
I I mean, I don't love that, but I think it's fire anyways.
Shit, that's Obi's reaction. We ran the Company 0.
How many? How many companies you run to?
0 Many. That's that's the craziest thing
I've ever heard you say. Oh my God.
Anyways, so that's that on the XAI.
You know, xai news. We'll see what happens with
Elon. But I I can't fathom like that
amount of money. Like he's apparently he's
already raised like a billion dollars.
He's raising a $20 billion valuation.
So we'll see what that what what happens with that Is that going
to pump our zai bags? I don't know but it's the same
ticker. So we'll see what happens there.
Bullish and sobie here. Pokémon.
What's up with Pokémon man Pokémon to investigate Power
World I want to talk to you guys about something with regards to
Power World. Not only have I lost three
friends of mine to Power. World OS no OV sorry Sobi the
other OV OV at home. Sobi I keep calling OV sobi and
sobi OV. That's crazy.
I hope that's all racist, right? No comment.
OK, so Sobi DS Strike Guy. They're gone.
They don't exist anymore. Like, I haven't not spoken to
these guys in a week, and I usually talk to them every
single day of my life alongside you guys.
They've completely gone to Power World, but it looks like Pokémon
is not having it. It looks like Pokémon is not
having it. I'm trying to find the Link Sims
and oh, there it is, there it is, there it is on the verse.
So the Pokémon company says it will investigate Power World.
It will take appropriate measures if it finds the game
people are calling Pokémon with guns infringed on its IP.
I mean, have you guys been looking into this power world
phenomenon? It is insane.
Like they they started this company with $10,000.
So from here forward, when I hear one of you motherfuckers
raise $100 million, I expect 100 times better than the power
world, right? Is that fair?
That's fair. We we spoke about it a lot
yesterday, actually. Oh.
You did OK. I didn't know that.
OK, cool. So we don't have to go over it.
But but yeah, I think Sims even came on the show and and gave
this colour that that that Pokémon were going to be pissed.
About this right the the. Pokémon looks like, yeah, the
the news is that they are like they're going to investigate it
essentially, but makes sense. Yeah, I mean, what do we think
they do? I don't think they're going to
shut it down. They're probably going to just
have to replicate it like Nintendo at this stage, like has
to launch. Like it's, it's Nintendo, right?
Pokémon. Yeah, it's Nintendo.
They have to launch their own, No?
I believe it's the it's the Pokémon Company, right?
It is the Pokémon Company. But where's Jonah?
Jesus Christ, Jonah. Where's Jonah when we need him?
He's not there. I can't bring him up on stage
but it's. Joint It's jointly owned by
three different companies, which is Nintendo Game Freaking
Creatures. And they're a part.
They're a part owner. Knew it.
See, I know. Come on man, I may only play
FIFA and Fortnite, but I know my shit. 32%.
Whoa, that's fire. I think they handle all the
gaming side of it. Because the Pokémon Company is
massive, right? They have the IP they have.
They do a lot of different things right with the cards, but
they also do a lot of stuff with like fat, like, you know, like
for example, when like, Daniel Arsham wants to use a Pokémon IP
to, like, do new statues and whatnot.
So anyway, so this is all going on there.
Let's see if it, Let's see what happens now.
But they've sold over 8 million copies in less than six days.
You know why I'm pissed off? I can't play on my SO hold on,
I've never been a gamer in my in my life.
I've only ever played FIFA, OK on PlayStation.
You can't play on your MacBook, so I'm going to have to buy APC
to play Power World. Is that how it is?
You can't play Steam at all on your computer on the MacBook.
Sims. Where's Sims at?
You can't. You can't at all.
Have you guys tried? I don't play games.
I don't play chess. I I played it, but I'm a bit I
actually opened it up like to play it.
I'm pretty sure I, I, I yeah, I played it for like for like 5
minutes, maybe longer. Were you?
Good played for 5-3 days for 5 minutes man.
Yeah, played for 5 minutes, bro. But I had AI have a Mac, but at
the same time I can't remember what I used played.
For 5 minutes, man. Did you use the Chinese laptop?
I have a Chinese laptop, so I'm just wondering if.
I used the one. Hold on, why do you have a
Chinese laptop? Michael speaks Mandarin.
I have. I have two.
I have two laptops. This is why this is confusing.
But one of them is Chinese, yeah.
No. I used to have a Chinese laptop,
which I only took the piss out of for a long long time.
I have like a normal Dell laptop and then I have an Apple laptop.
So I need to remember I forget which one I played though.
Well, you're playing. Oh, what happened to the Chinese
one? Yeah, what happened to the
Chinese laptop? I had to own that laptop in like
2010 did, so it it didn't it didn't make it.
There's a story here. I feel like I'm we're digging
deeper into the story, like we need to know more about this
Chinese laptop, like what's going on there?
Oh man, I basically bought like a high spec laptop, but it came
from China and I just got destroyed.
Like destroyed for. It was like, it was basically
like like most laptops of that caliber cost like a grand or two
grand. This laptop costs like £150 or
something. I'm just like, there's no way
that there's no way that this is legit.
Oh my God. I think it was legit, but there
was like no branding, You couldn't send it back at all.
It lasted for a while. But then yeah, like, I think
what actually happened is like, the screen started to come apart
a bit and then like, I tried to take it to a confuser person to
get it fixed. And they were like, who built
this? I was like, yeah, I don't know,
but it was a good, really good laptop at one stage.
But the hardware? The hardware let them down
rather than. That's so funny.
Chinese laptop. All right, well, you know, be
careful what you buy online, folks.
Anyways, how's that new MacBook treating you?
I think it's good, right? Yeah, this is actually my
MacBook Air, so this is the other one.
Oh, so you're not even using a new MacBook?
You're like my mom. So my mom bought a new computer
six months ago. She still hasn't used it because
she she's like scared that it's going to get used.
And she's such a Persian mom. Like, it's like the most Iranian
thing to do. It's like you buy a new thing
when you want to use it. You guys are going to get used.
I no, it's just. It's just it's just that it's
easier to travel with a MacBook Air than than like a full, yeah.
Yeah, I feel that. I feel that.
I'm definitely using it. Don't worry, I'm definitely
good. Good.
So anyways, let's, let's wrap up here boys, and then I'm going to
go catch my flight back home. NFT roundup here.
Yes OV let's go. Oh yeah, yes.
Give me that yawn. Oh, he's bored as fuck.
So, so, so on the NFT side, on the NFT front, it's funny
because this is the first time on the show, one of the first
times where I'm like learning about things while I'm hosting.
So let's let's just look at D chance.
See, this is the, I have to say you guys have built a really
good tool, but you know, I could just go on there and see
everything going on. So across chains, it looks like
there's a lot going on. Again, Mochaverse hits five ETH
after token reveal. What is that?
What's going on? Yeah.
Five ETH. Whoa.
I think you're you're muted by the way Michael.
Yeah, Mochaverse is at 5 ETH, which is kind of wild.
They obviously have a token coming.
A lot of people are expecting that to be like a Binance
Launchpad style token. So.
Obviously. Yeah, I mean, Yatsu is a king of
crypto. Right.
So that's that's been a while like mocha verse I think a few
months ago was trading below 1 E right But yeah that's that's
been a true 10 XI think they look they look like they were
five ES but. The art looks so much better at
5 ES. Like it's crazy, like this is
fine art. We're going to LACMA.
I haven't looked at this collection for a long time.
I have to say it is one of the worst looking collections I've
ever seen, but I am glad that that's it.
I bet you won't say that he got space when he comes on the show
next week because he is coming. All right, well, I'm sure the
token can do a lot. They're building a whole like
Metaverse, right? So like, I think, I think it's
like a big, big ass project. Mr. Metaverse, That's Yeah, he's
Lee, the king of the fucking Metaverse.
It's crazy to think about. I'll go out on a limb and say
this isn't A5 eats for the art. Then you have Bitcoin puppets
which have hit two grand now. Let's go.
A puppet I was my sweep never happened.
They 2X damn bad you've had. Those are the two big ones from
for Ghana's they've they've kind of come back but I would say
those are the three things that I can talk about at the moment.
It's it's fine. That's like one ETH.
Yeah, yeah. Again, what about the vibes?
What about the vibes? All about the vibes, You you
people overthink this. Like, I was literally like, it
was a Friday night 2-3 weeks ago and I was just smoking weed and
I looked at these puppets and I was like, they look so stupid.
I need to buy 20 and we didn't buy 20, but you know, we bought
a bunch. If my order was, well, it's
public. Anybody can go and check it out.
It's for Oak dot BTC. It's quite doxed, but but it's
it's it's you love to see it. I mean, look, you know, they're
called puppets for a reason. You know it's called puppets for
a reason. So that's going on.
What else is going on in NFT Land?
Pudgy Penguins. They sold 750,000 toys
worldwide. What are you laughing at?
My head hurts. You're like, reminding me of,
like the video of, like a guy who comes back from dental
surgery and he's like finding out things for the first time.
That's that's the vibe I'm getting from you this morning.
It's like, I hope you see that one.
He's like, I have a mom. Wow.
Like it is. It is a childlike, childlike
Glee with which you're reading out these headlines.
So Glee, I mean wow, I got to fly home.
I'm so excited to go home. I just want to be home in my
house in Montreal. I hate traveling now.
We're so busy at work and it's a lot.
Point O 5 Bitcoin for these puppets that reached they
reached 300 Bitcoin in volume. It's crazy.
Point O 5 is what it's literally one ETH.
So if times 41,000. So that's.
Yeah, twenty $52,000 is pretty much the price of ease.
I mean, we flipped ETH, by the way, when it comes to our
following on on FOMOA. We'd love to see that.
And then last but not least on the NFT front was on Chin Monkey
that announced this Karma AirDrop.
So something's going on there for sure as well.
But they've been doing this Karma thing for a while.
But there's an AirDrop come in. And so Kampai Panda is also
doing crazy good. It's just like the whole market,
like NFTS are just cooking right now.
So you absolutely love to see that across the board, like
across chains. For what it's worth, like, you
know, like Solana, everything bounced.
I know undeads are doing good, Forganas are doing good,
Potago's doing good. Mad lads bounced like 140, so
like 160 plus. So across the board, there's a
lot of opportunity. Don't be Don't be fooled by the
price of crypto and some sideways action, because that's
usually where everything starts pumping anyways.