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Good morning, good morning 
everyone, GMGM and welcome to 

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another episode of BOMO. 
Our day is Monday, June 23rd 

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.25. 
Folks, it was a weekend where 

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something indeed did happen. 
Saturday night out of nowhere 

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Trump bombs Iran with B50 twos 
going after their nukes. 

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It in turn naked our crypto 
prices. 

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But we started rebounding last 
night and we are rebounding 

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swiftly here this morning and we
are wondering once again, is the

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bottom end or was the sell in 
May and go away crowd correct 

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again in 2025? 
We're going to break it all down

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on today's show. 
Nofrook, he is off this week. 

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Mando should be joining us. 
It's his birthday. 

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We'll see if he pops in. 
But we got Logan on with us. 

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Logan GN, how you doing? 
Hey. 

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Good morning, Tyler doing well 
all things considered. 

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It is brutally hot here. 
NPA market of course not 

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following in kind, but very very
hot. 

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Hopefully the market will will 
correspond. 

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We are on the tail end of the 
three day heat wave where it was

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1995 every day and the folks who
are not familiar with the 

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Chicago land, we generally don't
get this hot. 

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That's about as hot as it is. 
It gets here and I'm even north 

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of the city, so it is a bit 
extreme. 

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I think it's 98 later today. 
Yeah, it's up there, Logie. 

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Just quick sports side game 
seven. 

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My my hometown Indianapolis 
Pacers, what fell short last 

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night? 
What were your reactions to the 

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game? 
Yeah, I, I was rooting for the 

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Thunder. 
I have a, a really, I don't 

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know, I really, really like 
Jalen Williams a lot. 

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So I, I was rooting for the 
Thunder. 

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But of course, as a sports fan 
in general, it's just really 

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heartbreaking. 
Like the whole game felt over. 

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Even though the Pacers hung in 
the game felt over when 

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Halliburton went down. 
So that was, that was 

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disappointing. 
But otherwise don't get. 

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Your boy Jalen Williams had a 
terrible first half. 

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Yeah, he didn't bring it back in
the second. 

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Yeah, yeah, he's good. 
I just, I really, I like him as 

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a player a lot. 
No particular reason, but yeah. 

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My takes so quicks. 
I think it was in the Chicago 

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line. 
I watched the game with a few 

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friends at the DraftKings sports
book outside Wrigley. 

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It's awesome. 
It was my first time being 

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there. 
It's a Vegas style sports book 

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so huge screens everywhere, full
bar. 

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It was a great environment to 
watch the game. 

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So I highly recommend that if 
anyone is a sports fan in the 

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Chicagoland area. 
And I mean those first few 

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minutes Halbern looked like he 
hit 3 threes out of like maybe 

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4. 
It looked like they really came 

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to play and Oklahoma City really
did not play that well across 

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the game. 
So I feel like if he stays 

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healthy, of course it's a big 
if. 

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I think the patients would have 
had a real shot. 

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But you're right. 
Basically as soon as he went 

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down their their odds were we're
looking pretty tough, but it was

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a fun season, fun NBA playoffs 
overall. 

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So we'll we'll see what next 
year looks like which 

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Halliburton a speedy recovery 
folks, we are talking about more

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than the NBA Finals on today's 
show. 

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So what else are we talking 
about? 

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We're starting the market 
report. 

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What happened with the war 
latest over this weekend? 

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What does it mean for our crypto
tokens? 

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How are markets looking here on 
Monday morning as we are opening

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up the markets? 
What was the fastest horse? 

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We've got these all ETFs. 
Looks like they're coming soon 

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folks. 
Just a matter of when and not 

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if. 
Circle does not stop, it's up 

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more again today. 
We've got Anthony Papiano 

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launching a new $1 billion 
Bitcoin acquisition company that

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had been somewhat telegraphed. 
We've got DFDB coming on chain 

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Reddit using them maybe using 
world IDNFT companies leaning 

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into Telegram sales correct big 
three day sell out and more. 

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Before we dive into a quick 
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00:04:42,160 --> 00:04:45,480
All right, well, with that, 
we'll get into the market 

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report. 
No Mando. 

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So I'll do my best Mando 
impression. 

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Let's let's hit the music for 
daily NFT and crypto analysis. 

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Tyler D on FOMO, our cause the 
kid can great to bash the 

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barriers. 
All right, folks, reminder, we 

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00:05:04,880 --> 00:05:07,720
will be doing the screen share 
live and kick where we are now 

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00:05:07,720 --> 00:05:09,920
streaming every day. 
So let's take a look at the 

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board. 
Bitcoin rallying here this 

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morning. 1024 up 1 1/2% from 
yesterday, still down 4% of the 

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week. 
ETH back over 23, up 5% on the 

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day. 
XRP up 3 percent, $2.03. 

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Solana up 6%. 
Fastest horse of the majors, but

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still at only at 1:37. 
We take a look at broader 

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markets. 
So stocks are green. 

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Wow. 
I thought there would at least 

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be some kind of a sell out or 
sell off at least the first few 

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hours of the day, especially 
with how the crypto markets 

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reacted over the weekend. 
But no stocks indeed are green 

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and it looks like oil is red. 
Yeah. 

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So I think that was another 
perhaps surprise here. 

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Of course, the the news from 
over the weekend is on Saturday 

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night. 
I was out and about and saw the 

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messages on Twitter that the B50
twos from the US Trump and sent 

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them, they sent the the the 
bunker Buster missiles down at 

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40 nuclear facility trying to 
effectively wipe out. 

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That caught folks off guard to 
to say the least. 

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Trump went and addressed the 
nation effectively after the the

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stealth mission had been 
completed. 

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Saw reactions from Iran in the 
last 36 hours or so. 

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I think the big threat from them
was they were going to they 

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voted to approve closing the 
Strait of Hormuz, which is where

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at 20% of the world's oil supply
filters through. 

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Though it looks like Poly market
betters are saying that there's 

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more more bark than bite on that
one only has it at a 23% chance 

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of actually happening. 
I think there's been a lot of 

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folks looking for other global 
reactions from players like 

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Russia, China. 
I don't know that we've seen a 

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whole lot of escalated rhetoric 
at at least just yet. 

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So I think that is still a 
factor that folks are looking at

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here this week. 
What kind of escalations will 

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take place? 
US has put troops globally on 

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higher alert expecting some kind
of retaliation from Iran here as

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Israel, Iran, war has continued.
Both are still sending missiles 

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at each other. 
As for the White House that the 

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message out of Trump this 
morning has been oil focused. 

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He's telling the Department of 
Energy to drill and I mean now. 

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So he is going after the the oil
folks there. 

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Logie, I guess first question 
for you. 

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Were you surprised? 
Did this catch you off guard on 

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Saturday? 
Any other reactions to the 

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global conflict here? 
Yeah, not, not necessarily. 

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What like I should first just 
provide a small disclaimer. 

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I'm a little out of my depths 
here just from a almost a 

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purposeful ignorance of not 
trying to pay super, super close

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attention to all the detention 
headlines from time to time. 

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But nothing really surprises me 
here. 

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I always feel like, or at least 
I have felt like for the last 

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few months, as you know, things 
here, tariffs as well, right? 

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The headlines are all seemingly 
always a little bit, I think you

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use the term more bark than 
bite, right? 

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So that's how I felt a little 
bit here, of course, and we took

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a pretty, you know, real action.
So you can't really call that 

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probably bark. 
But As for what, you know, 

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transpires in the next few days,
months, I'm hoping it's easing, 

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you know, I hope it is more of 
the the bark than the bite. 

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And we could sort of refocus on,
yeah, whether it's, you know, 

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finding peace, it's finding 
whatever the, the actual outcome

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is for all parties that's in 
best interest for all involved. 

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I'm hoping we, we move towards 
that in some way or another. 

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And, and things don't escalate 
further because I think the 

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escalation, the unfortunate part
of the escalation is just the 

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increased volatility. 
Nobody really knows what's going

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to happen. 
I kind of like being bored in 

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the summer and just, you know, 
I'm OK with Bitcoin chilling at 

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103,000, you know, and not 
worrying about the volatility. 

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Yeah, this was the opposite of 
being bored. 

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A lot indeed has been happening.
I think part of the confusion 

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perhaps from the just like the 
broader base is what did this 

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mean for the US? 
Is the US entering the war? 

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I've seen that rhetoric. 
My read is it was kind of an 

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interim exit already and that 
this was the sole effort that 

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they had planned and there 
really isn't anything else. 

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We of course will see if that 
continues, but the odds of AUS 

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invasion in Iran only at 16%. 
So markets are pricing that here

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still pretty low odds of AUS 
Iran nuclear deal still at 36% 

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in 2025. 
What else is interesting, I 

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think the the biggest next focus
is on regime change. 

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Markets are pricing in Iranian 
regime fall in 2025 only at 30% 

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chance though committee out as 
supreme leader at 56%. 

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So that has been moving up a a a
fair amount. 

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It has been interesting, I think
more than more so than than 

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previous years to follow the war
live on prediction markets, 

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right? 
We have various markets. 

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We can see exactly how how folks
are are are betting on outcomes.

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Have you, not to put it on the 
spot, Tyler, but have you 

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participated, participated with 
any? 

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Because to me, there's like a, 
there's like a small moral 

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dilemma about, you know, 
actually putting a wager behind 

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something here and rooting for 
it in some way. 

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It's just a little, it's a 
little weird, but you're right. 

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00:11:02,720 --> 00:11:04,600
I mean, this is where this is 
where we're at now. 

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Pop culture, politics, 
everything in the world is real 

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time on chain. 
It's yeah. 

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It's just the state of where 
we're at. 

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I'm not the morality police. 
I'm I'm done playing that game. 

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But these markets are not really
for me. 

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I'm not really super interested 
in in betting on war outcomes at

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this point. 
Also just don't feel like I have

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00:11:27,880 --> 00:11:29,880
any kind of an edge. 
So like I wouldn't, of course. 

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It's like I came on the show 
last week and I was kind of 

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pointing to the like the, the 
Taco trade, the, the, the Trump,

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Trump always chickens out. 
And my, my gut read last week 

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was that the longer this was 
going to be stretched out, the 

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less likely the US was to take 
any action. 

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00:11:48,160 --> 00:11:50,520
And then Saturday night we got 
the surprise. 

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00:11:50,960 --> 00:11:56,400
So it does look like perhaps 
Trump telegraphed the move and 

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he kind of walked it back to 
make it look a little more 

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uncertain. 
I guess it's kind of my read on 

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things tying us back to to the 
crypto market. 

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00:12:06,400 --> 00:12:11,080
I mean it, it really impacted 
majors over the weekend. 

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So I mean, a week ago on Monday,
bitcoins 1O81-O8K kind of sold 

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00:12:16,720 --> 00:12:19,400
off across the week as as the 
war escalated. 

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00:12:19,400 --> 00:12:25,160
But then what was it? 
Yes, Sunday we went as low as 

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00:12:25,160 --> 00:12:30,800
90. 
Yeah, 9898 five on Bitcoin ETH. 

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00:12:31,080 --> 00:12:33,240
How low did ETH go? 
I went into the 21 hundreds. 

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00:12:33,240 --> 00:12:35,440
I don't know if it actually went
below 2100. 

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00:12:35,680 --> 00:12:40,320
Yeah, it looks like yeah right 
around 2133 or so pretty brutal 

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sell offs across the board and 
of course we're rebounding 

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00:12:42,880 --> 00:12:44,720
swiftly. 
Bitcoin back at one O 2 two 

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00:12:45,120 --> 00:12:48,200
right now, so already up 3 1/2% 
off the bottom. 

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00:12:49,200 --> 00:12:53,800
Were you surprised at the the 
sell off or is it just kind of 

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par for the course? 
Yeah. 

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00:12:54,800 --> 00:12:56,520
I think it's a little bit par 
for the course, right? 

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00:12:56,520 --> 00:13:01,080
Like we have not bucked the 
trend of, I don't know, like 

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what so gold went higher, I 
think, right, like we we still 

225
00:13:03,560 --> 00:13:10,160
haven't bucked that trend of it 
is the, you know, the reserve 

226
00:13:10,160 --> 00:13:13,560
asset is the like, I don't know,
I'm struggling to find the right

227
00:13:13,560 --> 00:13:15,760
word for a Tyler. 
But you know, it's just not 

228
00:13:15,760 --> 00:13:18,680
moving in line with some of the 
narratives that have been driven

229
00:13:18,680 --> 00:13:20,360
around Bitcoin for a really long
time, right? 

230
00:13:20,360 --> 00:13:22,000
It doesn't ever seemingly do 
that. 

231
00:13:22,000 --> 00:13:24,440
So this does not surprise me. 
All that to say, this does not 

232
00:13:24,440 --> 00:13:30,320
surprise me in any way, not like
fearful though, in any in any 

233
00:13:30,320 --> 00:13:32,760
way on my side. 
Like I said, I'm kind of OK with

234
00:13:32,760 --> 00:13:35,160
the chop. 
I'm I'm not like act super 

235
00:13:35,160 --> 00:13:38,760
active in anything right now, 
but I continue to buy Bitcoin 

236
00:13:38,760 --> 00:13:40,440
and just kind of feel OK about 
it. 

237
00:13:40,440 --> 00:13:43,760
So you know, you get these 
smaller dips or more severe 

238
00:13:43,760 --> 00:13:45,320
dips. 
You know, this was a pretty, I 

239
00:13:46,040 --> 00:13:48,560
don't know, not super, super 
severe in terms of crypto 

240
00:13:48,560 --> 00:13:51,960
volatility, but we went from one
O 5 when I was writing on 

241
00:13:51,960 --> 00:13:55,040
Friday, like around one O 5 to 
98 in like a day and a half. 

242
00:13:55,040 --> 00:13:59,400
That's that's pretty notable. 
So yeah, I just kind of feel OK 

243
00:13:59,400 --> 00:14:02,560
adding to the stack there, our 
cost averaging. 

244
00:14:02,880 --> 00:14:05,320
I guess I forgot that we were at
One O 6 on on Friday. 

245
00:14:05,600 --> 00:14:07,920
Yeah, Myriad. 
Myriad has a prediction market 

246
00:14:07,920 --> 00:14:11,240
up that I wrote about in my 
Myriad Moves piece that was, you

247
00:14:11,240 --> 00:14:14,680
know, is it Bitcoin 115 or 95 
first? 

248
00:14:15,560 --> 00:14:16,960
And it was kind of like right in
the middle. 

249
00:14:16,960 --> 00:14:21,160
It was that it was at one O 5 
when I was writing about it on 

250
00:14:21,360 --> 00:14:26,560
Friday morning, of course, but 
now it's this still becomes an 

251
00:14:26,560 --> 00:14:28,960
interesting market here, right, 
because we didn't we didn't get 

252
00:14:28,960 --> 00:14:30,320
through there. 
I don't know where the support 

253
00:14:30,320 --> 00:14:33,840
lines are anything like that. 
But you know, we we didn't 

254
00:14:33,840 --> 00:14:37,000
breach quite that low. 
And you know, if, if tensions 

255
00:14:37,000 --> 00:14:41,760
are easing and there isn't any 
weird, you know, new headline, I

256
00:14:41,760 --> 00:14:45,160
could very much see 115 being in
play before 95. 

257
00:14:45,680 --> 00:14:47,640
I don't know where. 
The hell does that firmly at 

258
00:14:47,640 --> 00:14:49,960
1:15? 
But I mean, we hit 98. 

259
00:14:50,120 --> 00:14:53,360
So now like the 95 K side 
objectively has to be favored, 

260
00:14:53,640 --> 00:14:56,800
especially if you look at this 
one month chart right now. 

261
00:14:58,920 --> 00:15:02,400
I was talking to a good friend 
on the way down to the sports 

262
00:15:02,400 --> 00:15:05,800
book last night and it's sharp 
guy, but not deep in in crypto. 

263
00:15:05,800 --> 00:15:09,360
He's in other sectors. 
And I was telling him about how 

264
00:15:09,480 --> 00:15:14,840
Bitcoin and crypto majors had 
sold off after the the US bomb. 

265
00:15:15,400 --> 00:15:18,120
And he said by point blank, I, I
couldn't string together 2 

266
00:15:18,120 --> 00:15:22,280
sentences for why Bitcoin would 
sell off in that situation. 

267
00:15:23,520 --> 00:15:25,600
And I'm not really sure I can't 
either, right? 

268
00:15:25,600 --> 00:15:30,360
Because like in theory, a gold 
would move up on on that on on a

269
00:15:30,360 --> 00:15:32,200
headline like that. 
And it did, right? 

270
00:15:32,720 --> 00:15:36,280
And then even if you have the 
argument that it's trading more 

271
00:15:36,280 --> 00:15:39,280
like levered tech stocks, stocks
are green. 

272
00:15:41,320 --> 00:15:46,560
So, So what is it that that that
derives these actions that that 

273
00:15:46,560 --> 00:15:50,680
makes everyone so shaky with 
Middle Eastern conflicts when it

274
00:15:50,680 --> 00:15:53,360
comes to Bitcoin? 
And I don't have my, my finger 

275
00:15:53,360 --> 00:15:56,680
on the pulse of it. 
Is it because so much is held in

276
00:15:56,680 --> 00:15:58,640
the Middle East? 
Is it is it Middle East whores 

277
00:15:58,640 --> 00:16:01,280
selling us off Like I? 
I am very curious for someone 

278
00:16:01,280 --> 00:16:03,320
smarter than me to help answer 
that question because I don't 

279
00:16:03,320 --> 00:16:06,280
have the answer to. 
That well, I, I'm not the guy 

280
00:16:06,320 --> 00:16:09,440
either because I don't have a 
great answer for it, as you 

281
00:16:09,440 --> 00:16:12,560
noted, like I, I couldn't come 
up with a super coherent reason 

282
00:16:12,560 --> 00:16:17,440
as to why, because for so long 
we've been telling ourselves 

283
00:16:17,440 --> 00:16:19,840
that it shouldn't do that, 
right? 

284
00:16:19,840 --> 00:16:22,080
Like it should do the exact 
opposite of what it did. 

285
00:16:22,080 --> 00:16:24,400
That's one of the big narratives
here is that it's going to it's,

286
00:16:24,400 --> 00:16:29,240
you know, supposed to be kind of
this digital gold, right And and

287
00:16:29,240 --> 00:16:31,640
others, you know, people smarter
than I am, people that are 

288
00:16:31,640 --> 00:16:33,600
trying to predict the price, 
people like Ark and best 

289
00:16:33,600 --> 00:16:35,680
etcetera. 
Like they're using that as the 

290
00:16:35,680 --> 00:16:38,400
rationale for bullish price 
predictions like the digital 

291
00:16:38,400 --> 00:16:42,120
gold narrative. 
Yet, you know, in these in these

292
00:16:42,120 --> 00:16:44,720
moments in which it very much 
could stand out as a digital 

293
00:16:44,720 --> 00:16:46,120
gold, that doesn't really ever 
seem to. 

294
00:16:48,320 --> 00:16:51,360
To be clear, I still believe in 
that narrative on a long term 

295
00:16:51,360 --> 00:16:55,880
time horizon, edge store value, 
I firmly believe it. 

296
00:16:55,880 --> 00:16:58,480
But it is on a near term time 
horizon. 

297
00:16:58,480 --> 00:17:03,680
It is still surprising every 
time we get these these dips and

298
00:17:03,880 --> 00:17:07,040
it certainly caught me off guard
because I was actually DCA in 

299
00:17:07,040 --> 00:17:10,760
some Bitcoin last week in that 
one O 3 to one O 5 level. 

300
00:17:10,760 --> 00:17:13,319
I liked that entry and still, I 
mean, it's just down a couple 

301
00:17:13,319 --> 00:17:16,119
percent from here. 
But didn't see, I really thought

302
00:17:16,119 --> 00:17:18,880
102-5103 five was going to hold.
It looked like we were having 

303
00:17:18,880 --> 00:17:20,960
higher lows there for a bit, but
we lost it. 

304
00:17:23,520 --> 00:17:26,359
Did you see the just the 
absolute mayhem across alts and 

305
00:17:26,359 --> 00:17:30,080
memes? 
So Seoul went down to like 130 

306
00:17:30,720 --> 00:17:32,640
fartcoin. 
How low did fartcoin get? 

307
00:17:32,640 --> 00:17:34,200
Let's see, let's go down the 
list. 

308
00:17:34,200 --> 00:17:37,200
So Fartcoin's at $0.92 right 
now. 

309
00:17:37,640 --> 00:17:40,920
I want to say it went down to 
like below 80. 

310
00:17:41,640 --> 00:17:44,960
It looks like it tapped $0.80 
twice, maybe went into the 70s 

311
00:17:45,400 --> 00:17:48,480
briefly. 
Hyper Hyper Liquid, the hype 

312
00:17:48,480 --> 00:17:52,960
token went all the way down. 
It whipped to 30 basically and 

313
00:17:52,960 --> 00:17:57,440
now rebound pretty swiftly. 
It's already back to to 36. 

314
00:17:57,440 --> 00:18:01,560
So it's been carnage. 
Did you make any trades in any 

315
00:18:01,560 --> 00:18:03,200
reactions to some of these other
albums? 

316
00:18:04,200 --> 00:18:06,280
Again, not surprised. 
Like if bitcoins are going to 

317
00:18:06,280 --> 00:18:10,800
swing down as violently as it 
did, you know, not shocked at 

318
00:18:10,800 --> 00:18:13,920
all that far coin and hyper are 
kind of falling in line with it 

319
00:18:13,920 --> 00:18:15,800
or, you know, even 
underperforming it. 

320
00:18:16,640 --> 00:18:19,280
I did not make any active 
trades, though. 

321
00:18:19,280 --> 00:18:24,280
I do have a small DCA on for far
coin right now. 

322
00:18:24,880 --> 00:18:29,520
So I'm adding to that bag. 
It's a very, very small bag. 

323
00:18:29,520 --> 00:18:32,080
And I've talked about it on here
before, like kicking myself. 

324
00:18:32,080 --> 00:18:34,880
I can remember the show in Peru 
I did when I was at like 200 

325
00:18:34,880 --> 00:18:37,440
million. 
And then we did a show like a 

326
00:18:37,520 --> 00:18:39,320
week later and it was at 500 
million. 

327
00:18:39,320 --> 00:18:41,840
At the entire time. 
I've said I should own more far 

328
00:18:41,840 --> 00:18:44,800
coins and I'm, I'm trying to 
take advantage of it and 

329
00:18:44,960 --> 00:18:46,640
actually, you know, make that 
happen. 

330
00:18:46,640 --> 00:18:49,960
Should things eventually go up. 
I feel confident Far Coin might 

331
00:18:49,960 --> 00:18:54,000
be one that goes up with it. 
Yeah, I'm still a very strong 

332
00:18:54,000 --> 00:18:56,080
far coin bull long term time 
horizon. 

333
00:18:56,440 --> 00:18:58,760
I will say objectively this this
chart makes me think perhaps 

334
00:18:58,760 --> 00:19:02,480
we're going to get one more leg 
lower after after recovery 

335
00:19:02,480 --> 00:19:04,680
rally. 
That's just my gut read looking 

336
00:19:04,680 --> 00:19:07,200
at this the other chart, the man
look at this hype chart like 

337
00:19:07,560 --> 00:19:11,440
this looks pretty damn good. 
I gotta say, like anyone who's 

338
00:19:11,440 --> 00:19:16,600
got hit on that Dick. 
I saw the the Clemente video I I

339
00:19:16,600 --> 00:19:19,680
was not actively paying 
attention to like you know, day 

340
00:19:19,920 --> 00:19:22,920
hour to hour things over the 
weekend, but it was shared in a 

341
00:19:22,920 --> 00:19:29,120
chat and very funny about the 
whole hype shenanigans and his 

342
00:19:29,120 --> 00:19:32,280
involvement there. 
Indeed, so Fear and greed at 37 

343
00:19:33,720 --> 00:19:38,080
pretty wild move, especially 
with with Bitcoin in one O 2 and

344
00:19:38,440 --> 00:19:40,400
I'll ask this question and then 
we'll move on to some more of 

345
00:19:40,400 --> 00:19:44,720
the news or the sell in May and 
go away crowd right? 

346
00:19:45,040 --> 00:19:47,480
Were they correct? 
What was the price when we 

347
00:19:47,480 --> 00:19:49,320
entered May? 
I don't actually even remember. 

348
00:19:50,160 --> 00:19:53,720
Let's take a look. 
I shared the meme coin chart on 

349
00:19:53,720 --> 00:19:57,840
Twitter this morning. 
It, it definitely peaked in May,

350
00:19:57,840 --> 00:20:03,120
I'll say May 28th, 27th, we are 
at one O 99, it's basically 110.

351
00:20:03,640 --> 00:20:08,760
Then May 29th one O 8 seven and 
it kind of sold off the next. 

352
00:20:08,760 --> 00:20:12,400
Few days, depending on where in 
May you sold. 

353
00:20:13,240 --> 00:20:17,520
Yeah, you were probably right. 
Yeah. 

354
00:20:18,240 --> 00:20:22,160
OK. 
So, yeah, yeah, they're, I mean,

355
00:20:22,160 --> 00:20:26,160
they're probably right. 
I don't expect, I don't know. 

356
00:20:26,160 --> 00:20:28,920
I mean, there's this whole like 
this presidency, this 

357
00:20:28,920 --> 00:20:31,080
administration, all the 
regulation stuff. 

358
00:20:31,640 --> 00:20:33,640
There's so many potential 
catalysts. 

359
00:20:33,640 --> 00:20:36,880
It feels like that could come at
a moment's notice. 

360
00:20:37,760 --> 00:20:40,080
But at the same time, there's so
many things that he could just 

361
00:20:40,080 --> 00:20:44,240
send out on true social that, 
you know, it's, it's crazy. 

362
00:20:44,360 --> 00:20:45,960
It's wild. 
I mean, I guess if, if you're 

363
00:20:45,960 --> 00:20:49,200
like trading on volatility, this
is like probably a dream 

364
00:20:49,200 --> 00:20:51,040
scenario. 
But if you're somebody like me 

365
00:20:51,040 --> 00:20:53,800
that isn't actively trading this
stuff and kind of just wants 

366
00:20:53,800 --> 00:20:56,920
price to go up, you know, that's
probably a lot of people. 

367
00:20:56,920 --> 00:20:59,480
If you just want price to go up 
and you know, maybe in a 

368
00:20:59,840 --> 00:21:03,160
consistent and gradual manner 
taking the stairs up, it doesn't

369
00:21:03,160 --> 00:21:04,720
feel so great that every day, 
but. 

370
00:21:05,120 --> 00:21:07,480
I think people want to sell them
and go away because they they 

371
00:21:07,480 --> 00:21:09,720
just want to relax this summer 
and and do other things and 

372
00:21:09,720 --> 00:21:11,560
touch grass and not have to 
monitor this and there's just 

373
00:21:11,560 --> 00:21:17,560
been total onslaught, 24/7 media
and a new announcements and all 

374
00:21:17,560 --> 00:21:21,320
this and it happened a lot. 
I'm going to stick to my guns 

375
00:21:21,480 --> 00:21:23,920
and still think we have a fun 
summer. 

376
00:21:24,400 --> 00:21:27,880
Joyful June is looking less 
joyful folks, I have to admit 

377
00:21:27,880 --> 00:21:30,840
that. 
And I'm not 100% sure that we 

378
00:21:30,840 --> 00:21:34,760
are going to in the next 7 days 
totally recaptured the the joy 

379
00:21:34,760 --> 00:21:38,600
that June started with. 
But I'm still optimistic for 

380
00:21:38,600 --> 00:21:43,520
July and August. 
A couple of catalysts on the the

381
00:21:43,520 --> 00:21:47,800
near term time horizon for one, 
if if this conflict ends and and

382
00:21:47,800 --> 00:21:51,200
Udi, who has been pretty spot on
for this conflict that tempered 

383
00:21:51,200 --> 00:21:57,000
Wizards founder Bitcoin OG and I
think it's come out that he was 

384
00:21:57,000 --> 00:22:02,240
in the IDF, the Israel army 
previously in his life. 

385
00:22:02,560 --> 00:22:04,680
He's been doing a lot of 
analysis on this war. 

386
00:22:04,680 --> 00:22:06,760
He basically his take is it's 
going to be over in 12 days. 

387
00:22:09,600 --> 00:22:12,640
I know he has also said global 
peace in 24 months. 

388
00:22:12,640 --> 00:22:14,920
So he thinks there's going to be
continued conflicts off and on 

389
00:22:15,200 --> 00:22:17,120
across the next two years. 
I don't think that's a huge 

390
00:22:17,120 --> 00:22:20,400
surprise to anyone. 
I don't think World Peace in 12 

391
00:22:20,400 --> 00:22:23,360
days by any means, but if this 
conflict is over in 12 days, 

392
00:22:23,400 --> 00:22:25,320
that's a potential catalyst for 
the summer. 

393
00:22:25,520 --> 00:22:30,200
We also had the 90 day pause on 
those tariffs is coming to ahead

394
00:22:30,200 --> 00:22:32,640
here soon as well. 
So whatever the Trump 

395
00:22:32,640 --> 00:22:35,000
administration decision is 
there, if it's going to be 

396
00:22:35,000 --> 00:22:39,440
another 90 day delay, that could
be a temporary, a temporary 

397
00:22:39,440 --> 00:22:43,640
catalyst as well. 
And then the the headlines that 

398
00:22:43,640 --> 00:22:46,320
we're getting on a day-to-day 
basis, more and more of these 

399
00:22:46,320 --> 00:22:51,280
companies spinning up to buy our
our beloved magic Internet 

400
00:22:51,280 --> 00:22:55,000
token. 
So today Anthony Pompiano $1 

401
00:22:55,040 --> 00:23:00,840
billion merger to create pro cap
financial a new Bitcoin he's 

402
00:23:00,840 --> 00:23:03,120
calling it native financial 
services company. 

403
00:23:03,120 --> 00:23:05,800
It's effectively a a Bitcoin 
acquisition vehicle. 

404
00:23:06,240 --> 00:23:09,600
They are going to buy up to $1 
billion worth of Bitcoin. 

405
00:23:09,600 --> 00:23:12,040
They've already raised 750 
million massive raise. 

406
00:23:12,040 --> 00:23:16,800
The ticker's going to be CCCM 
and they went on to say that 

407
00:23:17,080 --> 00:23:20,640
they will also be developing 
products and services to produce

408
00:23:20,640 --> 00:23:24,480
revenue and profit from the 
Bitcoin on their balance sheet 

409
00:23:24,520 --> 00:23:28,600
over time. 
So we've been talking about this

410
00:23:28,600 --> 00:23:31,240
new trend for for months now. 
I think nothing new. 

411
00:23:31,240 --> 00:23:34,520
We had the DFTV team come on the
show last week. 

412
00:23:34,520 --> 00:23:37,680
I do think this last paragraph 
is the most interesting. 

413
00:23:38,000 --> 00:23:42,560
I've also seen people it raise 
concerns with folks. 

414
00:23:43,160 --> 00:23:47,680
But I mean, the whole reason to 
buy one of these companies 

415
00:23:47,880 --> 00:23:51,160
versus the underlying asset is 
if you believe in their 

416
00:23:51,160 --> 00:23:53,560
financial engineering 
effectively, if you think they 

417
00:23:53,560 --> 00:23:58,400
will be able to to outperform 
the underlying asset via some 

418
00:23:58,400 --> 00:24:00,640
innovation. 
So curious for your thoughts, 

419
00:24:00,640 --> 00:24:02,800
are are you racing out to buy 
CCCN? 

420
00:24:03,040 --> 00:24:04,360
We're just brought our thoughts 
on this trend. 

421
00:24:04,880 --> 00:24:07,960
Yeah, I'm not racing out to buy 
really any of them at this point

422
00:24:07,960 --> 00:24:09,240
in time. 
But actually you know the 

423
00:24:09,280 --> 00:24:12,760
conversation you had with DFTV 
and Dan Kang, investor 

424
00:24:12,760 --> 00:24:14,960
relations, I wrote an article 
about it after re watching the 

425
00:24:14,960 --> 00:24:18,080
show and I've been following and
reporting on DFTV pretty 

426
00:24:18,080 --> 00:24:20,880
closely, which I know of course 
is not a Bitcoin Treasury 

427
00:24:20,880 --> 00:24:22,160
vehicle. 
But it was actually it was 

428
00:24:22,160 --> 00:24:25,360
really eye opening for me 
because I think I had been in 

429
00:24:25,360 --> 00:24:28,880
the camp Tyler and we thought of
about this before that like it, 

430
00:24:28,880 --> 00:24:33,280
this was a worrying trend to me.
You know, it it felt like a lot 

431
00:24:33,280 --> 00:24:36,560
of people, you know, kind of 
packaging up shit. 

432
00:24:37,000 --> 00:24:39,080
You know, of course I don't want
to call Bitcoin that because I'm

433
00:24:39,080 --> 00:24:42,880
a holder and believe in it. 
But like just packaging up all 

434
00:24:42,880 --> 00:24:45,360
these, you know, little 
financial loophole, you weird 

435
00:24:45,360 --> 00:24:48,560
debt construction things to be 
able to acquire Bitcoin. 

436
00:24:48,560 --> 00:24:51,520
And it was just stacking up and 
eventually a bubble would burst 

437
00:24:51,520 --> 00:24:53,200
and it'd be really bad for 
everybody involved. 

438
00:24:53,840 --> 00:24:56,440
And I think that's a pretty 
commonly held view at this point

439
00:24:56,440 --> 00:24:58,000
in time. 
They're much smarter people who 

440
00:24:58,000 --> 00:25:02,600
can of course, articulate why 
it's so bad, much better than I 

441
00:25:02,600 --> 00:25:05,240
can. 
But I got to listen to Dan on 

442
00:25:05,240 --> 00:25:08,160
that show. 
And the one thing that it did 

443
00:25:08,160 --> 00:25:11,240
for me was it it opened my eyes.
It like some of some of the 

444
00:25:11,240 --> 00:25:15,600
organizations doing this are 
doing it very intelligently and 

445
00:25:15,600 --> 00:25:19,040
have like a very clear plan and 
the way that they're going about

446
00:25:19,040 --> 00:25:22,720
things, you know, to acquire 
Solana and to be the vehicle 

447
00:25:22,720 --> 00:25:25,360
that is doing it most 
efficiently and more efficiently

448
00:25:25,360 --> 00:25:28,280
than you and I can do it trading
meme coins and other garbage 

449
00:25:28,280 --> 00:25:31,880
tactics right on chain. 
That that makes sense to me. 

450
00:25:31,880 --> 00:25:35,560
And it didn't feel, you know, 
maybe it's just a, a fantastic 

451
00:25:36,120 --> 00:25:39,240
part of investor relation and 
and communication strategy, but 

452
00:25:39,440 --> 00:25:41,920
it didn't feel scammy at all in 
any way. 

453
00:25:41,920 --> 00:25:45,040
And and that was actually that 
that felt really good to me to 

454
00:25:45,040 --> 00:25:48,520
hear that got me pulled up on 
them a little bit as well. 

455
00:25:49,160 --> 00:25:56,040
So I'm, I'm not writing off any 
of these companies maybe at face

456
00:25:56,040 --> 00:25:59,320
value as I was before that. 
That's all I can really say. 

457
00:25:59,320 --> 00:26:01,760
I, I would need to dig in. 
But I do think they need to do 

458
00:26:01,760 --> 00:26:04,160
more than just accumulate. 
Like Dan was saying, like 

459
00:26:05,280 --> 00:26:06,720
MicroStrategy has done this 
thing. 

460
00:26:06,720 --> 00:26:10,360
They're the behemoth linebacker.
It's tough to do that thing now.

461
00:26:10,360 --> 00:26:11,520
You got to be a little more 
creative. 

462
00:26:11,520 --> 00:26:15,000
You got to be a little bit 
better at at accumulating in a 

463
00:26:15,000 --> 00:26:19,360
way that is not just stacking on
debt basically and that does 

464
00:26:19,360 --> 00:26:21,520
have me a little more interested
in actually feeling a little bit

465
00:26:21,520 --> 00:26:25,320
better overall about the trend 
than I was last week. 

466
00:26:25,880 --> 00:26:27,560
Yeah. 
I think the consensus is that 

467
00:26:27,560 --> 00:26:31,680
this new trend is the most 
likely to cause the next bear 

468
00:26:31,680 --> 00:26:34,360
market that we're going to see 
some of these treasury companies

469
00:26:34,760 --> 00:26:37,960
go bust, become for sellers. 
I'm not sure that I'm going to 

470
00:26:37,960 --> 00:26:40,560
take the other side of that. 
I do think that's like a broad 

471
00:26:40,560 --> 00:26:43,680
blanket statement and I think we
will certainly see some have 

472
00:26:43,880 --> 00:26:46,320
pockets of success. 
I don't know if that's anything 

473
00:26:46,320 --> 00:26:51,440
Pompeiano or not. 
I do think betting on what you 

474
00:26:51,440 --> 00:26:54,880
think is the leading horse 
perhaps in each of the tokens is

475
00:26:54,880 --> 00:26:56,800
an interesting strategy. 
So if you think that's micro 

476
00:26:56,800 --> 00:27:00,800
strategy for Bitcoin, if you 
think that's Joe Lubin and S bet

477
00:27:00,800 --> 00:27:04,920
for ETH, if you think it's DFTV 
for Solana, perhaps pick one of 

478
00:27:04,920 --> 00:27:06,480
the hype companies that just 
came out. 

479
00:27:06,480 --> 00:27:08,760
I do think that's an interesting
way to perhaps build a basket. 

480
00:27:08,760 --> 00:27:11,680
If you want to be in that camp 
of folks who are pivoting from 

481
00:27:11,680 --> 00:27:14,320
buying alts to buying stocks, 
which I'm seeing more and more 

482
00:27:14,320 --> 00:27:19,000
folks call for on the timeline. 
I think that is one way to think

483
00:27:19,000 --> 00:27:21,760
about it. 
I don't know Anthony Pompeano 

484
00:27:21,760 --> 00:27:23,920
super well. 
I've been casually following him

485
00:27:24,320 --> 00:27:26,000
since I got deeper into crypto 
Twitter. 

486
00:27:26,000 --> 00:27:30,320
I mean, he was, he was a I would
have classified him as ACT voice

487
00:27:30,320 --> 00:27:32,320
in 2021. 
Like he was talking about 

488
00:27:32,320 --> 00:27:34,640
Bitcoin price action. 
He was an early 1. 

489
00:27:35,080 --> 00:27:39,120
I don't think he's necessarily 
is associated now with it. 

490
00:27:39,480 --> 00:27:43,720
But I'm the guy even like him or
hate him, he's got 1.7 million 

491
00:27:43,720 --> 00:27:45,160
followers. 
He's he's built a pretty 

492
00:27:45,160 --> 00:27:48,960
successful brand. 
So I do think he is likely an 

493
00:27:48,960 --> 00:27:50,960
intelligent person. 
Now I don't know if that 

494
00:27:51,200 --> 00:27:55,080
translates to being able to, to 
operate an innovative Bitcoin 

495
00:27:55,080 --> 00:27:58,080
acquisition vehicle. 
So we will, we will certainly 

496
00:27:58,080 --> 00:28:03,680
see, but doubtful that he is 
going to be the the, the last 

497
00:28:03,680 --> 00:28:06,600
one to do this. 
I think that much is clear. 

498
00:28:07,040 --> 00:28:11,320
But and the stock biz, the 
crypto stock biz is a good one. 

499
00:28:11,640 --> 00:28:17,200
That is a fact 278 for Circle 
stock. 

500
00:28:17,200 --> 00:28:19,400
It was at 260 before I clicked 
refresh. 

501
00:28:19,680 --> 00:28:23,160
It was at 2:40 on Friday, up 
20%. 

502
00:28:23,800 --> 00:28:27,240
It is now up another 15%. 
I joked about this yesterday 

503
00:28:27,240 --> 00:28:29,120
that rest assured, whatever is 
going to happen to your beloved 

504
00:28:29,120 --> 00:28:31,120
alternative cryptocurrency 
Circle stock is going to be up 

505
00:28:31,120 --> 00:28:33,440
another 10 to 15%. 
Yes, it is. 

506
00:28:33,440 --> 00:28:37,440
Tap the sign once again. 
Like this thing is just 

507
00:28:37,440 --> 00:28:40,360
unstoppable. 
Arguably that the biggest 

508
00:28:40,440 --> 00:28:44,040
fumble, one of the biggest 
fumbles of my professional 

509
00:28:44,040 --> 00:28:48,000
trading career is actively 
following this IPO and just 

510
00:28:48,000 --> 00:28:50,560
totally sitting on my hands and 
actually flooding it. 

511
00:28:51,440 --> 00:28:53,920
Not even just saying being 
sidelined, but but taking the 

512
00:28:53,920 --> 00:28:57,280
opposite side and shorts are 
being blown out. 

513
00:28:57,840 --> 00:29:02,600
I think trying to be a short on 
this token is just, I don't 

514
00:29:02,600 --> 00:29:06,920
know, use your your brain power 
elsewhere is my take on on this.

515
00:29:06,920 --> 00:29:11,040
Like let's this is a respect the
pump pump if I've ever seen one.

516
00:29:11,720 --> 00:29:13,440
So like, let's let's play this 
out again for folks who have 

517
00:29:13,440 --> 00:29:16,600
maybe not been following this 
trade IPO at 31, but I think it 

518
00:29:16,600 --> 00:29:19,960
was it was viable. 
What, like 70 to 80, maybe 80 to

519
00:29:19,960 --> 00:29:22,880
$100 range. 
Those first couple days 

520
00:29:24,320 --> 00:29:26,480
basically kind of grind it up. 
It did have like a week of 

521
00:29:26,480 --> 00:29:28,640
consolidation. 
And then I guess really since 

522
00:29:28,640 --> 00:29:33,400
the Genius Act passed, that's 
really where things ramped up. 

523
00:29:33,400 --> 00:29:37,800
So on June 13th, 10 days ago, it
opened at one O 8, went to 1:30,

524
00:29:38,160 --> 00:29:42,960
then it was one 50s, and then 
man, it's up another almost 100%

525
00:29:44,000 --> 00:29:47,560
in the past week. 
Just absolutely wild price 

526
00:29:47,560 --> 00:29:53,840
action now at 67 billion market 
cap. 

527
00:29:53,880 --> 00:29:58,080
I'm pretty sure that's what 
Coinbase stock was at just a few

528
00:29:58,080 --> 00:30:00,800
days ago. 
So Coinbase is up as well. 

529
00:30:00,800 --> 00:30:04,280
So it's it's up. 
It's also following circle, I 

530
00:30:04,280 --> 00:30:07,320
think post genius act Coinbase 
stock might be another one 

531
00:30:07,320 --> 00:30:09,960
that's been benefiting. 
It's been outperforming crypto 

532
00:30:09,960 --> 00:30:12,880
majors itself. 
It's hanging out at 78 billion, 

533
00:30:13,360 --> 00:30:16,320
but they're basically 1:00 to 
1:00 at this point. 

534
00:30:16,320 --> 00:30:19,280
Curious if you have any 
reactions to Circle and or if 

535
00:30:19,280 --> 00:30:20,680
you had to pick one of these 
two. 

536
00:30:21,800 --> 00:30:23,160
Geez. 
Who would you pick? 

537
00:30:25,720 --> 00:30:29,960
Man, it's kind of weird to not 
pick Coinbase given just like 

538
00:30:29,960 --> 00:30:33,200
the connection there, you know, 
it feels like in terms of 

539
00:30:33,200 --> 00:30:35,320
optionality, Coinbase should 
have a leg up. 

540
00:30:35,320 --> 00:30:40,520
But I, I don't know, I, I, I 
don't know that I can, can draw 

541
00:30:40,520 --> 00:30:44,440
a strong case to either as to 
like why one would go up over 

542
00:30:44,440 --> 00:30:49,560
the other from here on out as 
far as this whole saga goes. 

543
00:30:50,840 --> 00:30:55,440
I, I don't, I'm kind of 
speechless as well because there

544
00:30:55,440 --> 00:30:58,800
was right. 
Remember, like as you, as you 

545
00:30:58,800 --> 00:31:02,480
noted around the IPO talks like 
31, we then we heard it was 

546
00:31:02,480 --> 00:31:05,360
oversubscribed, but then you're 
like, OK, oversubscribed. 

547
00:31:05,640 --> 00:31:10,080
Sure, maybe it 2 XS and then it 
3X in like minutes on it halted 

548
00:31:10,080 --> 00:31:12,600
like 9 times on its opening 
trading day. 

549
00:31:13,640 --> 00:31:16,400
But then you're right, you have 
like a a week to buy it from 

550
00:31:16,400 --> 00:31:19,160
around $100. 
There might have been a one dip 

551
00:31:19,160 --> 00:31:22,360
day, maybe 2 dip days in there 
like small dips. 

552
00:31:23,960 --> 00:31:26,960
I don't know what to say, man. 
At at a certain point it does 

553
00:31:26,960 --> 00:31:29,040
feel like, you know, I've been 
just kind of following along 

554
00:31:29,040 --> 00:31:32,000
casually in some chats where 
people are talking about when to

555
00:31:32,000 --> 00:31:34,920
short circle. 
It does feel like at some point 

556
00:31:34,920 --> 00:31:39,280
in time, like, OK, it can't keep
going up, right? 

557
00:31:40,120 --> 00:31:42,640
But it's a danger. 
It's a dangerous game. 

558
00:31:42,640 --> 00:31:46,360
You know, we're kind of bringing
the the trenches on chain here, 

559
00:31:47,080 --> 00:31:49,600
quite literally. 
And sometimes I can't. 

560
00:31:49,600 --> 00:31:51,920
Answer that question can't 
continue way up, so Scott Beson 

561
00:31:52,080 --> 00:31:54,600
called for stablecoins to 3.7 
trillion by the end of the 

562
00:31:54,600 --> 00:31:57,680
decade. 
Is Circle at 3.7 trillion yet? 

563
00:31:59,720 --> 00:32:03,080
Well, the other thing here, 
maybe this is a segue as well as

564
00:32:03,080 --> 00:32:05,600
like Circle is not the only 
stable coin company people. 

565
00:32:07,280 --> 00:32:10,440
What do they are? 
Well, I mean, you have Tether 

566
00:32:10,440 --> 00:32:13,520
and then of course you have like
things like PayPal have their 

567
00:32:13,520 --> 00:32:16,960
own stable coin, right? 
But then I guess the secondary 

568
00:32:17,280 --> 00:32:22,720
piece of this is like other 
companies, JP Morgan, etcetera, 

569
00:32:22,720 --> 00:32:26,080
whatever, they're going to do 
their own stable coins. 

570
00:32:27,200 --> 00:32:34,160
So 3.7 trillion, OK, Besant, is 
Circle going to be the only 

571
00:32:34,160 --> 00:32:37,840
proxy for all $3.7 trillion 
worth of value that trades on 

572
00:32:37,840 --> 00:32:40,480
the public market? 
If so, then of course, you know,

573
00:32:40,480 --> 00:32:42,600
it feels like Circle's going a 
whole lot higher. 

574
00:32:42,600 --> 00:32:45,600
But you know, this is this is 
one of those things we've talked

575
00:32:45,600 --> 00:32:47,880
about this before, like a 
Coinbase versus just owning your

576
00:32:47,880 --> 00:32:49,880
bank and would you custody here 
or there, whatever. 

577
00:32:49,880 --> 00:32:52,760
Like where's the Moat? 
Where's the Moat for Circle? 

578
00:32:53,840 --> 00:32:56,600
If regulation gets passed and 
people can generate their own 

579
00:32:56,600 --> 00:32:58,640
stable coins, and your banks all
have their own stable coins. 

580
00:32:59,280 --> 00:33:02,520
Yeah, and this is the all of the
things I was saying as I was a 

581
00:33:02,520 --> 00:33:07,920
bear wearing my circle bear hat 
and now I'm just throwing it 

582
00:33:07,960 --> 00:33:10,520
mistakes out. 
Everything is just everything. 

583
00:33:10,520 --> 00:33:13,120
I said it was just a tongue in 
cheek play. 

584
00:33:13,480 --> 00:33:18,440
But like I said it for a reason 
like no one is viewing Visa as a

585
00:33:18,440 --> 00:33:23,120
bet on stable coins. 
No one is is viewing JP Morgan's

586
00:33:23,120 --> 00:33:27,080
stock as a bet on stable coins. 
You can't bet on Tether right 

587
00:33:27,080 --> 00:33:31,480
now. 
No one's viewing coin bases on 

588
00:33:31,480 --> 00:33:33,080
stable coins. 
No, I get you. 

589
00:33:33,080 --> 00:33:38,200
This is it. 
I get you and I have I have no 

590
00:33:38,200 --> 00:33:40,480
ill will towards circle or like 
anything weird. 

591
00:33:40,560 --> 00:33:44,440
I I use USDC as my stable coin 
of choice when I'm like, you 

592
00:33:44,760 --> 00:33:47,480
know, when I'm stabling or, you 
know, doing things on chain. 

593
00:33:49,640 --> 00:33:52,400
So, but I don't know, I mean, 
can it just really keep going up

594
00:33:52,400 --> 00:33:55,240
like you imagine that these 
other stable coin companies or 

595
00:33:55,240 --> 00:34:00,080
even those who are adjacent 
would be looking at this and be 

596
00:34:00,080 --> 00:34:02,680
like, oh shit, like this is an 
opportunity. 

597
00:34:03,160 --> 00:34:06,080
Yeah, a couple takeaways here. 
So one, I think I saw a comment 

598
00:34:06,480 --> 00:34:08,719
that Circle is stealing the ETF 
bid. 

599
00:34:08,719 --> 00:34:14,960
That's an interesting take and 
it does look to be accurate. 

600
00:34:15,880 --> 00:34:19,719
I I want to make sure this data 
is correct, but if this is 

601
00:34:19,719 --> 00:34:23,520
correct, is this right? 
The Bitcoin ETS had no flows on 

602
00:34:23,520 --> 00:34:25,360
Thursday. 
Oh, that was it was closed. 

603
00:34:25,840 --> 00:34:28,600
That was good, yeah. 
So it was closed Thursday only 

604
00:34:28,600 --> 00:34:31,320
6,000,000 on Friday. 
I mean, this is actually a 

605
00:34:31,320 --> 00:34:33,600
pretty decent inflow streak for 
Bitcoin. 

606
00:34:33,600 --> 00:34:36,040
So actually not not a whole lot 
of takeaways there. 

607
00:34:37,679 --> 00:34:40,960
Ethereum did definitely slow 
down after what was a a very 

608
00:34:40,960 --> 00:34:44,239
nice run up there into joyful 
June. 

609
00:34:45,120 --> 00:34:49,960
This is this is when the ETH 
bulls were were very joyful, did

610
00:34:50,800 --> 00:34:55,239
half a billion in inflows in in 
a handful of days there as June 

611
00:34:55,239 --> 00:35:00,280
started ramping up runs to 2875 
and then just smacked all the 

612
00:35:00,280 --> 00:35:01,920
way back down. 
And now the bids already gone 

613
00:35:01,920 --> 00:35:07,080
back to 0 on the ETFs. 
So that is going to be another 

614
00:35:07,080 --> 00:35:10,600
interesting one to to follow 
here. 

615
00:35:11,240 --> 00:35:15,920
And yeah, I had another 
direction where I was going to 

616
00:35:15,920 --> 00:35:20,080
go with that since lost. 
But the other aspect of the ETFs

617
00:35:20,080 --> 00:35:22,520
is what's new ones are coming 
down the Pike. 

618
00:35:23,200 --> 00:35:30,280
So Eric Bakunis, ETF expert, 
shared the odds on Friday. 

619
00:35:30,280 --> 00:35:33,680
And it looks like they're 
saying, yeah, 90 to 95% 

620
00:35:34,880 --> 00:35:38,520
basically across the board for 
Litecoin, Solana, XRP, Dogecoin,

621
00:35:38,520 --> 00:35:44,280
Cardano, Polka dot H Bar and 
Avalanche by the end of 2025 S 

622
00:35:44,760 --> 00:35:48,000
massive favourites to get all of
these ETFs. 

623
00:35:50,240 --> 00:35:52,600
There's too many ETFs. 
I think it's Part 2. 

624
00:35:52,600 --> 00:35:55,720
Like which of these do you think
is the most interesting or will 

625
00:35:55,720 --> 00:36:00,400
be like the most the biggest 
beneficiary of having an ETF 

626
00:36:00,400 --> 00:36:02,720
product? 
Can you have too many ETFs? 

627
00:36:02,760 --> 00:36:04,880
I think it's just law of 
diminishing returns after a 

628
00:36:04,880 --> 00:36:09,160
point, right? 
Like, yeah, basically this is 

629
00:36:09,160 --> 00:36:11,600
signal that there will be an ETF
for everything ever. 

630
00:36:12,720 --> 00:36:15,360
There will be a product that you
can, you know, buy this stuff on

631
00:36:15,360 --> 00:36:18,920
change. 
Sorry, not on chain, but well, 

632
00:36:18,920 --> 00:36:21,320
yeah, potentially. 
But you know, via the exchange 

633
00:36:21,320 --> 00:36:23,840
traded fund option, you'll be 
able to buy it in your 

634
00:36:23,840 --> 00:36:25,600
traditional markets and 
equities, whatever. 

635
00:36:27,000 --> 00:36:29,440
I don't think it matters as much
moving forward. 

636
00:36:29,560 --> 00:36:32,600
You know, every single one to me
is like a little bit less of a 

637
00:36:32,600 --> 00:36:35,160
big deal. 
Now with that being said, 

638
00:36:35,160 --> 00:36:39,360
because these would be like the 
first alt ish ones, right? 

639
00:36:39,360 --> 00:36:44,240
You know, whether you consider 
ethanol or not, like these might

640
00:36:44,240 --> 00:36:46,440
matter a little bit. 
The ones that I think it matters

641
00:36:46,440 --> 00:36:50,960
most for would be Solana, Ripple
and maybe even Dogecoin. 

642
00:36:52,640 --> 00:36:55,640
I don't think it matters too 
much for Cardano or Polka dot or

643
00:36:55,640 --> 00:36:57,360
H bar. 
And that's not to take anything 

644
00:36:57,360 --> 00:36:59,400
away from those ecosystems or 
whatever's happening there. 

645
00:36:59,400 --> 00:37:03,040
Like Avalanche and Suey are 
interesting to me as well, just 

646
00:37:03,040 --> 00:37:06,360
because you know, my proximity 
to on chain activity. 

647
00:37:06,360 --> 00:37:09,480
Those are places where things 
appear to be happening and there

648
00:37:09,480 --> 00:37:14,360
appear to be some interest. 
And I see the ETFs and the 

649
00:37:14,360 --> 00:37:18,880
approval of them as, you know, 
just another catalyst, right, 

650
00:37:18,880 --> 00:37:21,880
for potential movement up and 
for potential legitimization as 

651
00:37:21,880 --> 00:37:25,720
well, which gets is a murky word
to use here alongside like 

652
00:37:26,400 --> 00:37:29,080
Dogecoin Cardona, like Dogecoin 
is literally a meme coin, you 

653
00:37:29,080 --> 00:37:30,800
know what I mean? 
Like it's got its own ETF. 

654
00:37:31,040 --> 00:37:34,040
So it's weird to say that it's 
legitimized in via the ETF 

655
00:37:34,040 --> 00:37:36,440
approval. 
But in a way I mean it is so. 

656
00:37:36,600 --> 00:37:38,320
Yeah, I actually think that's 
where I was going to go. 

657
00:37:38,320 --> 00:37:41,040
I think the Dogecoin ETF is the 
most interesting on this list. 

658
00:37:42,400 --> 00:37:45,640
And if that catches a bid, it 
could be a potential catalyst 

659
00:37:45,640 --> 00:37:49,560
for a next leg up of a meme 
cycle. 

660
00:37:50,800 --> 00:37:53,760
And then now like the big thing 
for any meme is when's the 

661
00:37:53,760 --> 00:37:55,920
Binance listing? 
When's the Coinbase listing? 

662
00:37:55,920 --> 00:38:00,160
If those COIN ETF is successful,
then when's when's the ETF 

663
00:38:00,160 --> 00:38:01,920
listing? 
You get another carrot. 

664
00:38:02,160 --> 00:38:05,000
Yeah, well, actually those 
effects have sort of worn off a 

665
00:38:05,000 --> 00:38:07,400
little bit, right? 
Like that was like a thing for a

666
00:38:07,400 --> 00:38:11,520
while, but it's the same thing. 
As you add more tokens, as 

667
00:38:11,520 --> 00:38:14,400
there's more options in places 
to trade, the, you know, in that

668
00:38:14,640 --> 00:38:17,760
economy is becomes more robust. 
The effect on the listings 

669
00:38:17,760 --> 00:38:20,000
becomes limited. 
That's where I, yeah, I do think

670
00:38:20,000 --> 00:38:22,040
you could see it in the early 
going here. 

671
00:38:22,040 --> 00:38:24,360
You really definitely could see 
an ETF listing bump. 

672
00:38:25,080 --> 00:38:27,960
But agree and disagree. 
So I think where I think the 

673
00:38:27,960 --> 00:38:32,800
ETFs can be impactful is this 
new wave of financial managers 

674
00:38:33,600 --> 00:38:37,160
are just starting to dip their 
toe into crypto investing and 

675
00:38:37,160 --> 00:38:40,160
are starting to do 1 to 2% of 
client portfolios and they're 

676
00:38:40,160 --> 00:38:42,800
probably starting with Bitcoin. 
If they're going to diversify, 

677
00:38:42,800 --> 00:38:45,200
they're probably going to 
diversify into ETH. 

678
00:38:46,520 --> 00:38:52,000
But I can absolutely see a, a, a
percentage of them starting to 

679
00:38:52,000 --> 00:38:55,120
diversify across a broader 
basket of all of these. 

680
00:38:55,720 --> 00:38:58,400
And I still am in the camp that 
we are at the very, we are at 

681
00:38:58,400 --> 00:39:02,120
the first inning of financial 
managers investing into crypto 

682
00:39:02,120 --> 00:39:04,720
via ETFs. 
I do think that will continue 

683
00:39:05,120 --> 00:39:08,360
for years and decades. 
So that's where you can start 

684
00:39:08,360 --> 00:39:11,480
to, to get that infinite swap. 
I think the infinite swap of 

685
00:39:11,480 --> 00:39:13,560
course is going to be much 
smaller into a Dogecoin ETF than

686
00:39:13,560 --> 00:39:18,880
it is into Bitcoin, but it it 
will be greater than 0 most 

687
00:39:18,880 --> 00:39:23,120
likely. 
So that is perhaps the, the bold

688
00:39:23,120 --> 00:39:25,520
case for this. 
But of course, the more you 

689
00:39:25,520 --> 00:39:28,760
have, if you've got hundreds of 
these, the the the trickier it 

690
00:39:28,760 --> 00:39:30,960
gets. 
All right folks, looks like we 

691
00:39:30,960 --> 00:39:33,720
might have the the birthday boy 
on live with us. 

692
00:39:34,840 --> 00:39:35,880
Hi, guys. 
How are you? 

693
00:39:35,920 --> 00:39:36,840
Yeah. 
Hi about. 

694
00:39:37,080 --> 00:39:38,880
Sorry about being mate, I'm 
great. 

695
00:39:38,920 --> 00:39:42,360
How are you guys? 
Just you 2. 

696
00:39:43,040 --> 00:39:44,760
Yeah, just us 2 folks out this 
week. 

697
00:39:46,480 --> 00:39:49,840
So we've just been here with our
jaws on the floor looking at the

698
00:39:49,840 --> 00:39:53,680
circle stock chart and just 
trying to to wrap wrap our heads

699
00:39:53,680 --> 00:39:59,280
around it. 
But that and our our beloved 

700
00:39:59,720 --> 00:40:04,160
Internet coins are starting to 
to recover a a bit on on the 

701
00:40:04,160 --> 00:40:07,680
market open. 
Curious if you have any high 

702
00:40:07,680 --> 00:40:10,800
level takes or I think the, the 
biggest thing that was 

703
00:40:10,800 --> 00:40:13,320
surprising to me and, and Logan 
and I chatted through it was 

704
00:40:13,320 --> 00:40:14,720
that stocks didn't even open red
lock. 

705
00:40:14,720 --> 00:40:19,680
There was no stock dip. 
They just flat open green coming

706
00:40:19,680 --> 00:40:22,480
after the the big sell off we 
had. 

707
00:40:23,360 --> 00:40:25,320
And just trying to wrap our 
heads around the question like 

708
00:40:25,320 --> 00:40:30,440
why does Bitcoin and alts, why 
do they respond so negatively to

709
00:40:30,440 --> 00:40:35,600
these conflicts versus gold 
versus stocks? 

710
00:40:35,600 --> 00:40:39,440
Because make a ton of sense on 
paper, but curious if you have 

711
00:40:39,440 --> 00:40:43,560
any broad reactions. 
Yeah, I think that the I think 

712
00:40:43,720 --> 00:40:46,440
it probably speaks to the buyer 
base at different time time 

713
00:40:46,440 --> 00:40:49,840
zones. 
So I think when try to find 

714
00:40:49,840 --> 00:40:52,880
markets are open, they think of 
Bitcoin as digital gold. 

715
00:40:53,480 --> 00:40:58,320
And when the weekends just open,
we'll think that we're trading 

716
00:40:58,320 --> 00:41:01,680
the NASDAQ. 
And and so as soon as we open, 

717
00:41:02,200 --> 00:41:05,520
suddenly you have a bunch of 
people who are like, well, the 

718
00:41:05,560 --> 00:41:08,640
obvious thing to buy here is 
gold and digital gold. 

719
00:41:08,840 --> 00:41:14,440
So Bitcoin always rallies and we
freak out about it. 

720
00:41:14,840 --> 00:41:20,640
Like I think, I think we think 
that like a really bad situation

721
00:41:20,640 --> 00:41:23,560
is, is still bad for Bitcoin and
that's not what the, the the 

722
00:41:23,560 --> 00:41:26,640
weekday buyer base thinks. 
So, so you get this rally. 

723
00:41:26,800 --> 00:41:29,840
It doesn't necessarily always 
lead over to alts like alts just

724
00:41:29,840 --> 00:41:33,080
kind of like bounce because 
bitcoins bounce necessarily. 

725
00:41:33,680 --> 00:41:37,480
But but yeah, I think, I think 
that's basically what I, what I 

726
00:41:37,480 --> 00:41:44,760
see happening at the moment. 
And I, I, I mean, let's be 

727
00:41:44,760 --> 00:41:47,840
honest, like, why was this so 
bad for, for crypto in any sort 

728
00:41:47,840 --> 00:41:50,840
of way? 
Like it doesn't really make 

729
00:41:50,840 --> 00:41:53,280
sense that it fundamentally 
should have meant anything. 

730
00:41:53,680 --> 00:41:56,160
I think we said that at least I 
remember saying that on the 

731
00:41:56,160 --> 00:42:00,600
weekend on Friday, at least, 
like if we saw, I didn't think 

732
00:42:00,600 --> 00:42:03,080
that anything that would take us
below 100K. 

733
00:42:03,520 --> 00:42:05,840
We did briefly go up below 100K,
to be fair. 

734
00:42:06,120 --> 00:42:09,360
And I didn't think there was 
anything for Ethyl hype, which 

735
00:42:09,520 --> 00:42:13,520
are, which are the things I was 
looking to buy that would really

736
00:42:13,520 --> 00:42:16,480
take us materially lower. 
Like we did have a a different 

737
00:42:16,520 --> 00:42:19,920
majority of those. 
But I, I, I had those have that 

738
00:42:19,920 --> 00:42:23,120
ladder of buying hype all the 
way down to 30, which which 

739
00:42:23,400 --> 00:42:30,480
really nicely actually. 
And then if to say if buys 

740
00:42:30,480 --> 00:42:34,200
haven't really bounced as much, 
but the but I just kind of felt 

741
00:42:34,200 --> 00:42:37,760
like this was a US freaking out 
over very, very little. 

742
00:42:38,080 --> 00:42:44,720
I continue to think the trade 
here is to like own Bitcoin high

743
00:42:44,920 --> 00:42:50,600
E and are they and to short all 
the, the rest of the crap which 

744
00:42:50,720 --> 00:42:56,440
which which is like all the high
FTV altcoins which are not 

745
00:42:56,440 --> 00:43:01,880
really moving anywhere. 
And that that trade for me 

746
00:43:01,880 --> 00:43:04,560
continues to do pretty well. 
Let me put it that way. 

747
00:43:06,360 --> 00:43:10,320
And I'm growing it because I 
just feel like that's the trade.

748
00:43:12,080 --> 00:43:13,760
I'm glad I got back into hype 
basically on this because I 

749
00:43:15,000 --> 00:43:20,400
remember I told my hype at 
303839 and now I'm back in I 

750
00:43:20,400 --> 00:43:26,680
think 32.3 average. 
And if it goes that low, I think

751
00:43:26,680 --> 00:43:29,600
I'll buy some more. 
And then if any of these other 

752
00:43:30,320 --> 00:43:35,080
alts rally aggressively, I think
they're they're probably not in 

753
00:43:35,080 --> 00:43:37,520
a great spot. 
Like I'm not that bullish on 

754
00:43:38,280 --> 00:43:43,160
altcoin season still happening. 
Doesn't look great out there. 

755
00:43:43,600 --> 00:43:47,240
Seoul's at 1:35. 
I mean that that feels it's kind

756
00:43:47,240 --> 00:43:50,920
of shockingly low for just where
the the state of things. 

757
00:43:53,440 --> 00:43:55,520
All's a different one. 
Seoul is a difficult one to 

758
00:43:55,520 --> 00:43:59,120
judge in my opinion, because I 
do still think that Seoul is is 

759
00:43:59,120 --> 00:44:02,440
up isn't going anywhere. 
But there's some of these other 

760
00:44:02,440 --> 00:44:06,360
ones which I think I think you 
could you're in for a period 

761
00:44:06,360 --> 00:44:09,440
here where Bitcoin could very 
easily stay in 100 to 110 KM 

762
00:44:09,440 --> 00:44:13,200
range now range now for a while.
I reckon. 

763
00:44:15,760 --> 00:44:19,120
I don't know if we're going back
to all time highs that quickly 

764
00:44:19,440 --> 00:44:22,880
now after all of that that 
caused I think quite a bit of 

765
00:44:22,880 --> 00:44:25,400
pain and we'll see how it shakes
out. 

766
00:44:28,200 --> 00:44:31,640
I don't think the, the, the 
stuff over the weekend, the 

767
00:44:31,640 --> 00:44:33,680
stuff over the weekend was 
literally the most bearish kind 

768
00:44:33,680 --> 00:44:35,400
of thing that could have 
happened, right? 

769
00:44:36,160 --> 00:44:39,840
You had a strike on, on the 
nuclear facilities followed by 

770
00:44:40,160 --> 00:44:41,960
talk of closing the straight of 
Hormuz. 

771
00:44:43,240 --> 00:44:47,160
Bitcoin didn't even go below, 
but hasn't really stayed 100K. 

772
00:44:47,160 --> 00:44:53,160
So, but I, I also think that 
we're now in this sort of chop, 

773
00:44:53,800 --> 00:44:56,640
chop range, which I think will 
persist. 

774
00:44:58,200 --> 00:45:04,120
Do you think the conflict ending
breaks us out of the chop or is 

775
00:45:04,120 --> 00:45:06,640
this going to be just we'll find
more reasons and now it's 

776
00:45:06,640 --> 00:45:13,320
probably going to be summer chop
until Q3Q4 new catalyst emerges.

777
00:45:14,760 --> 00:45:18,360
Yeah, I think it's more likely, 
more likely room for a bit of a 

778
00:45:18,360 --> 00:45:20,440
chop here. 
Like globally liquidate 

779
00:45:20,760 --> 00:45:25,760
liquidity is going high and I 
still like Eve and I still like 

780
00:45:25,760 --> 00:45:28,200
hype. 
I still like Bitcoin, but I, I'm

781
00:45:28,200 --> 00:45:32,080
not, I can't tell you when we're
going to come out of this now. 

782
00:45:32,800 --> 00:45:36,240
It felt like we've had a couple 
of shots at breaking out and we 

783
00:45:36,240 --> 00:45:40,080
just hit a hot on Bitcoin. 
We did just hit a lower high and

784
00:45:40,920 --> 00:45:43,320
a lower low. 
That's not something that you 

785
00:45:43,320 --> 00:45:47,400
just immediately break out of. 
So I I think that that points 

786
00:45:47,400 --> 00:45:53,240
more to chop more than anything.
The cell may go away. 

787
00:45:53,600 --> 00:45:57,000
Crowd feels stronger by the day.
Enjoy your summer. 

788
00:45:57,640 --> 00:46:01,760
Raoul Paul, he he's he's doing 
his part to to remind us of of 

789
00:46:01,760 --> 00:46:05,160
the global M2 liquidity chart. 
He he shared it again yesterday,

790
00:46:06,160 --> 00:46:10,520
though we did, we finally kind 
of sunk below, which really 

791
00:46:10,520 --> 00:46:15,880
hadn't happened in a few months.
But of course, showing that 

792
00:46:15,880 --> 00:46:18,520
we're we're not just going to 
follow this perfectly to the the

793
00:46:18,520 --> 00:46:22,520
T this this chart, I think was 
the primary opium for joyful 

794
00:46:22,520 --> 00:46:27,960
June for a a a summer pomp 
beyond anything else. 

795
00:46:28,200 --> 00:46:31,840
But I think what's notable and 
what you said, and I'm seeing it

796
00:46:31,840 --> 00:46:37,200
too, is like the difference in 
the 8 to 5, like the market when

797
00:46:37,200 --> 00:46:40,280
the markets are open, the bid on
Bitcoin and some of the other 

798
00:46:40,280 --> 00:46:43,800
majors versus like the after 
hours versus the closing. 

799
00:46:43,800 --> 00:46:47,880
It does feel like it's two 
different markets now and like 

800
00:46:47,880 --> 00:46:52,240
the institutions just kind of 
show up and buy most days and 

801
00:46:52,240 --> 00:46:55,800
then on the weekends it's like, 
I don't know if it's crypto 

802
00:46:56,280 --> 00:47:01,160
whales unloading clips, you 
know, when when they feel like 

803
00:47:01,160 --> 00:47:04,560
they're amidst volatility and 
global conflict or what. 

804
00:47:04,560 --> 00:47:08,120
But I think that was a decent 
explanation of, you know, what 

805
00:47:08,120 --> 00:47:14,120
we're what we can see, So we'll 
continue to follow it. 

806
00:47:14,560 --> 00:47:18,920
I did think it was notable when 
Kobe over the weekend was asking

807
00:47:19,000 --> 00:47:23,840
what non Angel crypto related 
investments to make on a five 

808
00:47:23,840 --> 00:47:27,120
year time horizon. 
I'll try to find the tweet. 

809
00:47:27,280 --> 00:47:30,080
I think you responded with 
crypto Punk as your answer. 

810
00:47:32,480 --> 00:47:33,880
Yeah. 
I just think that if I was to 

811
00:47:33,960 --> 00:47:37,760
earn one thing over the next 
five years, it's tough to argue 

812
00:47:37,760 --> 00:47:39,080
against that. 
I think. 

813
00:47:39,240 --> 00:47:42,880
I think you have to think about 
something that has very has a 

814
00:47:42,880 --> 00:47:45,400
really strong Moat if you're 
talking about over five years, 

815
00:47:45,440 --> 00:47:49,040
right, Like a really strong Moat
that you can be there for a 

816
00:47:49,040 --> 00:47:50,280
while. 
And I think crypto punk has got 

817
00:47:50,280 --> 00:47:52,800
that really strong Moat. 
I don't know if it has it 

818
00:47:52,800 --> 00:47:55,520
performs as well as the other 
things that he mentioned, but I 

819
00:47:55,520 --> 00:48:00,320
do think it's it's a pretty good
guess that and like X copy 

820
00:48:00,320 --> 00:48:04,480
editions, I would say are a 
pretty good guess about stuff 

821
00:48:04,480 --> 00:48:10,960
that could last for a long time.
The the, the other ones that 

822
00:48:11,480 --> 00:48:14,040
were kind of mentioned, which I 
thought was interesting with 

823
00:48:14,040 --> 00:48:19,640
some of the, some of the privacy
chains, which people point to 

824
00:48:19,680 --> 00:48:24,560
coming back a bit like Monero 
and we've invested in Taree, 

825
00:48:24,560 --> 00:48:27,560
which is another one coming out.
But I just think that that's an 

826
00:48:27,560 --> 00:48:29,640
interesting narrative that 
people are pointing to coming 

827
00:48:29,640 --> 00:48:33,680
back. 
And I know Anson mentioned world

828
00:48:33,680 --> 00:48:37,120
coin. 
I think there's been a softening

829
00:48:37,120 --> 00:48:40,600
of approach to, to that in 
general just in recent years, I 

830
00:48:40,600 --> 00:48:44,360
think recent months just in the 
idea that it's kind of unique. 

831
00:48:46,440 --> 00:48:51,240
I don't know if it's it's unique
enough, let me put it that way, 

832
00:48:53,320 --> 00:48:57,520
but I do think it's it's pretty 
interesting to to see that that 

833
00:48:57,520 --> 00:49:01,120
has something come back. 
I honestly don't know if there's

834
00:49:01,160 --> 00:49:04,600
much there's like a huge amount 
much else. 

835
00:49:04,880 --> 00:49:10,240
I think you could you could say 
something like Tron as a play on

836
00:49:10,240 --> 00:49:13,880
just like the other half of 
crypto, like the sanctions half,

837
00:49:13,880 --> 00:49:18,960
like continuing to see very 
decent volume and Tron 

838
00:49:18,960 --> 00:49:21,480
dominates. 
I think a lot of that activity, 

839
00:49:22,280 --> 00:49:26,080
whether you take turn a blind 
eye to it or not, like Tron, the

840
00:49:26,080 --> 00:49:28,880
majority of trans activity comes
from stable coins from 

841
00:49:29,240 --> 00:49:31,080
sanctioned then countries 
basically. 

842
00:49:31,480 --> 00:49:33,880
And I felt like that that's an 
interesting one over multiple 

843
00:49:33,880 --> 00:49:36,000
years, like it's got a good Moat
there now. 

844
00:49:36,000 --> 00:49:40,280
And, and Justin Sun has managed 
to position himself as 

845
00:49:41,680 --> 00:49:44,240
untouchable, almost like it's 
very strange. 

846
00:49:44,240 --> 00:49:47,680
But but at least the next four 
years, I feel like he's not, 

847
00:49:48,120 --> 00:49:58,440
he's kind of untouchable. 
And then that's, that's honestly

848
00:49:58,440 --> 00:50:01,080
kind of it. 
Like you may pick something like

849
00:50:01,720 --> 00:50:08,080
like a tier 1D file, like an 
avenue, I think, which has like,

850
00:50:08,680 --> 00:50:12,200
but but I I don't sit there and 
go like there's a lot of lot 

851
00:50:12,200 --> 00:50:16,640
else there, which is very, very 
unique and tough to tough to 

852
00:50:16,640 --> 00:50:19,840
touch basically. 
Yeah, I agree the the five year 

853
00:50:19,840 --> 00:50:22,720
bet makes this so hard and and 
part of it is like if folks 

854
00:50:22,840 --> 00:50:25,080
aren't familiar with what a lot 
of these all coin charts look 

855
00:50:25,080 --> 00:50:26,960
like on five years like they can
be very brutal. 

856
00:50:26,960 --> 00:50:31,520
So if you picked the wrong 1 
like you are, you can lose quite

857
00:50:31,520 --> 00:50:36,280
a bit. 
DC inventor kind of summarize a 

858
00:50:36,280 --> 00:50:38,160
lot of them. 
I think what he's he has S bet 

859
00:50:38,160 --> 00:50:39,800
in there, which I think he's 
probably the only one 

860
00:50:40,000 --> 00:50:43,560
effectively the MicroStrategy of
ETH, which we talked about on 

861
00:50:43,560 --> 00:50:44,960
Friday. 
Interesting. 

862
00:50:44,960 --> 00:50:47,760
I I still haven't made a move on
that top tier generative art is 

863
00:50:47,760 --> 00:50:49,960
very difficult because I feel 
like for most people it's like, 

864
00:50:49,960 --> 00:50:52,880
OK, what do you buy? 
Buy Squiggle, I guess is like 

865
00:50:52,880 --> 00:50:58,920
the index or if a Denza, I 
suppose I think that's a little 

866
00:50:58,920 --> 00:51:05,240
trickier of a play. 
Crypto punks and X copy would be

867
00:51:05,240 --> 00:51:09,840
at the top of my NFT list 100%. 
And then maybe Sam Spratt is in 

868
00:51:09,840 --> 00:51:13,280
there as well, even though I 
think the same spread is 

869
00:51:13,280 --> 00:51:16,160
probably a riskier bet. 
The next copy. 

870
00:51:16,200 --> 00:51:19,440
I think objectively, just 
because he's he's still a bit 

871
00:51:19,440 --> 00:51:23,840
newer. 
I don't know if I throw a they, 

872
00:51:24,280 --> 00:51:25,960
I'm not throwing a they in there
with S bet. 

873
00:51:25,960 --> 00:51:29,320
I think 1/8 bet is probably 
enough for me. 

874
00:51:29,320 --> 00:51:30,880
I think world coin is 
interesting, though. 

875
00:51:30,880 --> 00:51:33,640
It's still like part of the the 
early flood on world coin was 

876
00:51:33,640 --> 00:51:37,080
the low fly, low float, high 
FTV, right? 

877
00:51:37,520 --> 00:51:41,240
Are we just looking past that 
because of the dominance of open

878
00:51:41,240 --> 00:51:45,040
AI in Sam Altman at this point 
in time? 

879
00:51:45,040 --> 00:51:48,880
I mean this is. 
I think, I think that's partly 

880
00:51:48,880 --> 00:51:54,480
it, yeah. 
I don't know, man. 

881
00:51:54,480 --> 00:51:58,800
I don't know. 
I think it's, yeah, it's it's a 

882
00:51:58,800 --> 00:52:00,480
tricky 1. 
I I wouldn't have picked that. 

883
00:52:00,760 --> 00:52:05,200
Basically, it's not cheap. 
Lou, any reactions to that 

884
00:52:05,200 --> 00:52:07,080
question anywhere where you 
would have any direction where 

885
00:52:07,080 --> 00:52:09,800
you would have headed? 
No, I think what's been 

886
00:52:09,800 --> 00:52:11,680
discussed here is, is pretty 
close. 

887
00:52:11,680 --> 00:52:15,880
I like the addition of the D5, 
whether that's Ave. or like if 

888
00:52:15,880 --> 00:52:19,760
you have an affinity for Solana,
like maybe that is Camino or you

889
00:52:19,760 --> 00:52:21,640
know, Gito or something like 
that. 

890
00:52:21,680 --> 00:52:25,280
If you really think those are 
sorry, Solana as an ecosystem is

891
00:52:25,280 --> 00:52:28,560
like up only from here on out. 
I I do like the addition of AD 5

892
00:52:28,560 --> 00:52:33,240
protocol or some connection to 
AD 5 token World coin is still 

893
00:52:33,240 --> 00:52:36,480
interesting to me. 
I don't think it would have been

894
00:52:36,480 --> 00:52:39,480
like it wouldn't have made like 
my list of like first two or 

895
00:52:39,480 --> 00:52:40,960
three things off the top of my 
head. 

896
00:52:42,560 --> 00:52:45,520
And Mando mentioned. 
I mean, it may not be as unique 

897
00:52:45,520 --> 00:52:50,480
as we perceive it to be, but 
it's like the very clear 

898
00:52:50,720 --> 00:52:55,760
narrative winner here, right? 
As far as like proof of humanity

899
00:52:55,760 --> 00:52:59,760
AI type thing goes. 
And I think that trend is only 

900
00:52:59,760 --> 00:53:03,200
going to continue to grow like 
the, the wanting to be able to 

901
00:53:03,200 --> 00:53:05,920
differentiate between which 
people have been championing 

902
00:53:05,920 --> 00:53:07,440
about blockchain for a long 
time, right? 

903
00:53:07,440 --> 00:53:10,480
It's not like World Coin's 
unique in that aspect, but the 

904
00:53:10,480 --> 00:53:12,400
championing of like, hey, we 
want to be able to ensure 

905
00:53:12,400 --> 00:53:14,600
authenticity, humanity, 
etcetera. 

906
00:53:15,000 --> 00:53:18,200
I think it has a pretty big 
stranglehold on that. 

907
00:53:18,240 --> 00:53:21,240
And so if that does truly, truly
grow like I, I don't know where 

908
00:53:21,240 --> 00:53:23,720
else I would be placing my bets 
aside from World Coin. 

909
00:53:24,280 --> 00:53:26,080
Yeah, and we saw this quick. 
On that note, we saw the 

910
00:53:26,080 --> 00:53:29,040
headline this weekend. 
Reddit is considering using 

911
00:53:29,040 --> 00:53:31,440
World Coin in their ORB system 
to verify users. 

912
00:53:32,400 --> 00:53:35,200
I do think user verification 
will something. 

913
00:53:35,200 --> 00:53:36,360
I think we're both bullish on 
Logan. 

914
00:53:36,360 --> 00:53:39,240
We were chatting about it. 
That is a trend that will only 

915
00:53:39,240 --> 00:53:41,360
continue. 
We like X right now. 

916
00:53:41,480 --> 00:53:45,200
The state of Twitter in reply 
agents is absolutely brutal. 

917
00:53:45,360 --> 00:53:47,720
I think it's ruining the app for
for a lot of folks. 

918
00:53:48,640 --> 00:53:51,960
So like some kind of a human 
verification system I think will

919
00:53:51,960 --> 00:53:54,520
largely be welcomed and will be 
more and more important. 

920
00:53:54,840 --> 00:53:59,200
I think folks push back on the 
anonymity aspect of this. 

921
00:53:59,640 --> 00:54:04,640
I was looking into it. 
So what they say they do if you,

922
00:54:04,760 --> 00:54:07,680
if you take them at their word 
is that they scan your your 

923
00:54:07,680 --> 00:54:13,320
retina, they do some a 
decryption hashing it behind the

924
00:54:13,320 --> 00:54:15,800
scenes and then they delete it. 
So they they effectively do a 

925
00:54:15,800 --> 00:54:18,280
one time verification and then 
they remove your, your user 

926
00:54:18,280 --> 00:54:22,080
data. 
So I actually think it is fairly

927
00:54:22,080 --> 00:54:26,120
anonymous and interesting way to
potentially do it. 

928
00:54:26,760 --> 00:54:29,240
We'll see if it catches on. 
I feel like this is 1 from a 

929
00:54:29,240 --> 00:54:31,160
training perspective where you 
can be bullish on the products, 

930
00:54:31,160 --> 00:54:34,880
but not on the token, right? 
And I mean, this thing's still 

931
00:54:34,880 --> 00:54:39,200
60% to unlock and it looks like 
a chart that has ongoing 

932
00:54:39,200 --> 00:54:45,360
unlocks, at least to me. 
So not the not the best. 

933
00:54:45,360 --> 00:54:47,080
Well, folks, we're almost at the
hour mark. 

934
00:54:47,320 --> 00:54:49,960
One big story we didn't have a 
chance to dig into it is the 

935
00:54:49,960 --> 00:54:53,800
telegrams. 
These telegram sticker sales now

936
00:54:53,800 --> 00:54:56,040
nearly $10 million. 
So, Logan, we might have to put 

937
00:54:56,040 --> 00:54:59,600
a, a pin in this one. 
Talk about it more at length on 

938
00:54:59,600 --> 00:55:01,600
tomorrow's show, 'cause I want 
to know like what the what, what

939
00:55:01,600 --> 00:55:04,600
is going on here 'cause I see 
pudgy Penguins with $2,000,000 

940
00:55:04,600 --> 00:55:05,760
in sales. 
And that's actually pretty 

941
00:55:05,760 --> 00:55:08,800
interesting to me. 
So I am curious. 

942
00:55:08,800 --> 00:55:12,200
So we'll we'll try to dig into 
that more on tomorrow's show. 

943
00:55:12,960 --> 00:55:17,960
And then shout out to OSF and 
the the wrecked homies selling 

944
00:55:17,960 --> 00:55:21,840
out 711 three days in a row. 
Not an easy thing to do. 

945
00:55:22,600 --> 00:55:26,400
So Congrats to him. 
Hopefully gets up to to rest a 

946
00:55:26,560 --> 00:55:29,560
bit coming after it. 
Well, I'm sure was a whirlwind 

947
00:55:29,920 --> 00:55:34,120
weekend and then he'll get he'll
get back to work. 

948
00:55:34,480 --> 00:55:37,000
I'm I'm sure. 
So I would love to get back on 

949
00:55:37,000 --> 00:55:38,440
the show. 
I know he's he's super busy 

950
00:55:38,760 --> 00:55:41,880
these days, but I want to hear 
about these 711 parties because 

951
00:55:41,880 --> 00:55:44,120
they they looked like they were 
pretty fun and of course they 

952
00:55:44,120 --> 00:55:48,200
were very successful. 
As for that, I think that's 

953
00:55:48,200 --> 00:55:51,720
going to be it for today's show.
I want to thank our listeners as

954
00:55:51,720 --> 00:55:54,360
always, want to thank my Co host
Mandel and Logan. 

955
00:55:54,480 --> 00:55:57,080
Thank our partners Kraken and 
Wallet Connect folks. 

956
00:55:57,080 --> 00:55:59,440
We will be back tomorrow at 
10:00 AM Eastern. 

957
00:55:59,640 --> 00:56:01,520
Until then, go make it a 
beautiful day. 

958
00:56:01,520 --> 00:56:01,720
Goodbye.