1 00:00:03,400 --> 00:00:06,560 Yo-yo yo, what up? What up? 2 00:00:06,560 --> 00:00:15,600 Good morning, Good morning GMG. What day is it? 3 00:00:15,600 --> 00:00:17,520 OB? Oh, there it is. 4 00:00:17,560 --> 00:00:20,720 Thursday Thursday OB Reminds me of my days. 5 00:00:21,160 --> 00:00:28,000 Thursday March 7th 2024444. Look at that. 6 00:00:28,000 --> 00:00:31,000 Another beautiful day to have a beautiful day. 7 00:00:31,440 --> 00:00:33,000 Whoa. I like the studio right now. 8 00:00:33,000 --> 00:00:35,080 It's got me amped up. It's got me. 9 00:00:35,720 --> 00:00:37,360 Oh, I got my coast in this house. 10 00:00:37,640 --> 00:00:42,800 OSF Mandel. And last second special guest 11 00:00:42,800 --> 00:00:45,120 Raul Pal Ovi Mandel. Raul. 12 00:00:45,400 --> 00:00:46,560 How are y'all doing this morning? 13 00:00:46,560 --> 00:00:48,520 Good morning. Outstanding. 14 00:00:49,320 --> 00:00:51,080 I mean, how can you match that energy, right? 15 00:00:51,080 --> 00:00:55,680 He comes in like that every single day like that's it's the. 16 00:00:56,680 --> 00:00:58,920 Two cynical Brits acquire thinking, Oh my God. 17 00:00:59,360 --> 00:01:00,640 It's not even just a bull market. 18 00:01:00,680 --> 00:01:03,680 Thing, bull market, fair market. We bring in that energy we out 19 00:01:03,680 --> 00:01:07,040 here, you know, same intro. Look, we got a dream team on 20 00:01:07,040 --> 00:01:09,760 stage right now for everybody. We're about to post a broadcast 21 00:01:09,760 --> 00:01:11,680 link. It is live, We're live on 22 00:01:11,680 --> 00:01:13,960 YouTube. We're live on video, on X and 23 00:01:13,960 --> 00:01:16,160 everywhere and here. And while we're at it, if you 24 00:01:16,160 --> 00:01:18,720 retweet the Twitter spaces, then we'll just pick someone and give 25 00:01:18,720 --> 00:01:20,200 him 250 bucks. Why not? 26 00:01:20,320 --> 00:01:22,080 You know why not? We we give money away every day. 27 00:01:22,080 --> 00:01:24,760 Raul on the show. So you know, Mando gave away 28 00:01:24,760 --> 00:01:29,680 like $7000 last week to to Amando Minutes subscriber and 29 00:01:29,760 --> 00:01:32,160 we've been doing Luke Box spin. So we're we're, we're 30 00:01:32,160 --> 00:01:34,240 everything. Amando minutes every day, just 31 00:01:34,640 --> 00:01:36,320 so you know. I like that. 32 00:01:36,680 --> 00:01:39,320 I like that the best. The Fastest growing news later 33 00:01:39,480 --> 00:01:43,240 in crypto? You can sing for one to two 34 00:01:43,240 --> 00:01:44,920 subscribers. It's 100%, right? 35 00:01:46,440 --> 00:01:49,080 It's just us three. One of you unsubscribes every 36 00:01:49,080 --> 00:01:50,680 other day. Exactly. 37 00:01:50,680 --> 00:01:54,160 It's it's just the three of us, you know in and out of it. 38 00:01:54,160 --> 00:01:57,240 But anyway, so listen, today on the show, you know obviously 39 00:01:57,240 --> 00:01:59,760 we're going to go through the usual market report and whatnot 40 00:01:59,760 --> 00:02:01,800 like we do every single day, yada, yada, yada. 41 00:02:01,800 --> 00:02:05,200 But you know we do have Raul for the first half an hour or so. 42 00:02:05,560 --> 00:02:07,400 It's going to be a very interesting market conversation 43 00:02:07,400 --> 00:02:10,000 because Raul, you know I've been reading you, we've been reading 44 00:02:10,000 --> 00:02:11,240 you and mentioned you on the show a lot. 45 00:02:11,280 --> 00:02:13,760 You know you've been, you've been, you know we've been you, 46 00:02:13,760 --> 00:02:15,440 we've been talking up the same bags. 47 00:02:15,440 --> 00:02:19,120 We love our Solana and it looks like the FDX estate is slowing 48 00:02:19,120 --> 00:02:23,120 down a little bit this morning. Finally, finally the gods have 49 00:02:23,120 --> 00:02:27,280 listened to my prayers and and it looks like this overhang 50 00:02:27,480 --> 00:02:32,200 could could I, I don't want to call it a bit over yet but could 51 00:02:32,720 --> 00:02:35,760 be behind us. So anyways let me post the the 52 00:02:35,840 --> 00:02:38,440 the stream link and broadcast. But in the meantime, I mean 53 00:02:38,600 --> 00:02:42,080 Mando why don't we go to you first to kick off the market 54 00:02:42,080 --> 00:02:45,160 segment and then when we have a good chat with Raul here on all 55 00:02:45,160 --> 00:02:48,080 things market, I'd love to hear where you stand on the market 56 00:02:48,080 --> 00:02:49,480 now Raul. And of course, I want to get 57 00:02:49,480 --> 00:02:51,600 more into your Solana thesis because we've mentioned it quite 58 00:02:51,600 --> 00:03:05,600 a bit on the show thus far. Yeah, GM, everyone. 59 00:03:05,600 --> 00:03:09,240 So it does feel as though Solana has taken over in the last 24 60 00:03:09,240 --> 00:03:10,960 hours. Obviously on the on the bounce 61 00:03:10,960 --> 00:03:13,880 back from that big Wick, Ethereum is outperforming for 62 00:03:13,880 --> 00:03:20,120 for a while and then kind of this morning slash going into 63 00:03:20,120 --> 00:03:21,640 this afternoon we start to see Solana move. 64 00:03:21,640 --> 00:03:24,560 The main piece of news that seems to have come out is that 65 00:03:24,560 --> 00:03:31,680 the FTX estate has been selling looking to sell a staked portion 66 00:03:31,680 --> 00:03:34,360 of its Solana as part of its bankruptcy proceedings. 67 00:03:34,360 --> 00:03:37,200 Pantera, which is probably one of the the best known and oldest 68 00:03:37,640 --> 00:03:42,880 VC firms in crypto, is now raising $250 million via an SPV 69 00:03:43,280 --> 00:03:46,160 to buy that Solana. This story had kind of been 70 00:03:46,160 --> 00:03:48,520 talked about for the last week or so. 71 00:03:49,280 --> 00:03:51,080 People have been talking about that as being the reason why 72 00:03:51,080 --> 00:03:53,200 Solana had been underperforming. So like I think people in the 73 00:03:53,200 --> 00:03:56,360 know knew about this. Pantera have definitely gone 74 00:03:56,360 --> 00:03:59,720 broad with with trying to raise for this SPV. 75 00:04:00,840 --> 00:04:03,720 That being said like now that it's gone a bit more public you 76 00:04:03,720 --> 00:04:07,520 start to see Solana, I know it's I'd be a bit more bullish people 77 00:04:07,520 --> 00:04:10,040 think it could that overhang could now clear it's not like 78 00:04:10,040 --> 00:04:14,280 completely bullish news. Obviously you know ABC firm 79 00:04:14,280 --> 00:04:17,000 buying your bags probably down with a heavy discount 80 00:04:17,480 --> 00:04:21,399 anecdotally hearing like 40 to 50% and then them being the one 81 00:04:21,399 --> 00:04:25,080 selling it to you rather than Alameda back in the day or or 82 00:04:25,080 --> 00:04:29,920 Sam like it's it's not amazing but it's also it makes a lot 83 00:04:29,920 --> 00:04:32,760 more sense now about the underperformance and if this if 84 00:04:32,760 --> 00:04:35,920 this clears I do think that there's probably been some 85 00:04:35,920 --> 00:04:38,760 playing around with the Solana price into this to make sure it 86 00:04:38,760 --> 00:04:43,520 kept it stayed depressed so they could buy as low as possible and 87 00:04:43,520 --> 00:04:45,880 then now who knows after it clears you can sometimes see 88 00:04:45,880 --> 00:04:48,240 this stuff fly. So Salama's been the main out 89 00:04:48,240 --> 00:04:52,440 performer yesterday was a bit of an altcoin day right most 90 00:04:52,440 --> 00:04:56,960 altcoins not mean coins so it was all all the coins mainly in 91 00:04:56,960 --> 00:05:01,160 the AI sector a bunch of there was near and render we suppose 92 00:05:01,160 --> 00:05:04,120 said they're going to be talking at the NVIDIA conference FET 93 00:05:04,120 --> 00:05:07,560 which is fetch AI got $100 million investment for its 94 00:05:07,560 --> 00:05:09,880 infrastructure fund and that's that is the sword. 95 00:05:09,880 --> 00:05:12,240 But if you bring up a fetch yard it it literally looks like a 96 00:05:12,240 --> 00:05:15,840 meme coin that was trading at like nought .5 just a few weeks 97 00:05:15,840 --> 00:05:17,440 ago and now it's trading at nearly three. 98 00:05:17,680 --> 00:05:20,720 So AI had a very, very big day yesterday as did a bunch of 99 00:05:20,720 --> 00:05:25,120 different, just different coins in the in the L1 space and then 100 00:05:25,120 --> 00:05:27,480 the D5 space just kind of caught up with what we've seen in meme 101 00:05:27,480 --> 00:05:32,000 coins, Bitcoin ETH and today it feels like Solana Jupiter just 102 00:05:32,000 --> 00:05:35,000 hit an all time high. Obviously that had been a 103 00:05:35,000 --> 00:05:38,920 painful one for a lot of people. They are going through their LFG 104 00:05:38,920 --> 00:05:43,520 AirDrop first votes this time. So you're going to see which 105 00:05:43,520 --> 00:05:47,120 coins are going to be dropping on the Jupiter launchpad. 106 00:05:47,440 --> 00:05:50,120 So people are getting bullish on that unit swap hit an all time 107 00:05:50,120 --> 00:05:51,520 high. Obviously there's some they're 108 00:05:51,880 --> 00:05:56,600 they're doing their fee change. So that's been a big move and 109 00:05:57,200 --> 00:06:00,000 kind of feels like a lot of the activity in meme coins has moved 110 00:06:00,000 --> 00:06:02,080 back to Unchained. So like a lot of the top meme 111 00:06:02,080 --> 00:06:04,080 coins were down. That started to reverse slightly 112 00:06:04,080 --> 00:06:07,360 over the last hour or two, but you started to see things around 113 00:06:07,360 --> 00:06:09,320 the elections. So the Bowden meme, which sort 114 00:06:09,320 --> 00:06:12,120 of from the like Dolan comics has has become big. 115 00:06:12,120 --> 00:06:14,080 A bunch of those started to move back. 116 00:06:14,080 --> 00:06:16,000 MOG obviously hit an all time high. 117 00:06:16,760 --> 00:06:19,200 Basically anything that hasn't been listed is now. 118 00:06:19,400 --> 00:06:22,680 People are now starting to play as a view that perhaps these big 119 00:06:22,680 --> 00:06:25,080 exchanges start to list more meme coins after we've seen you 120 00:06:25,080 --> 00:06:27,880 know three or four or five listed over the last couple of 121 00:06:27,880 --> 00:06:29,280 months. So definitely feels like the 122 00:06:29,280 --> 00:06:31,800 focus moving back to kind of on chain with meme coins. 123 00:06:32,080 --> 00:06:36,400 Solana taking the is is the big big mover today in in majors and 124 00:06:36,400 --> 00:06:41,160 then for to be honest like 4 altcoins today you can play 125 00:06:41,160 --> 00:06:43,960 Solana like daps. So Jupiter might be interesting. 126 00:06:43,960 --> 00:06:46,440 I still think that Solana looks cheap versus it's daps right? 127 00:06:46,440 --> 00:06:52,040 Like Jupiter trades at 8 billion FTV and Solana trades at like 50 128 00:06:52,320 --> 00:06:57,280 current and 65 ish FTV. So like that that's kind of high 129 00:06:59,120 --> 00:07:01,080 in my view. So I still think I prefer Solana 130 00:07:01,080 --> 00:07:04,680 rather than it's like Solana beta but who knows. 131 00:07:04,720 --> 00:07:07,760 Let's see how this this financing goes over the next few 132 00:07:07,760 --> 00:07:10,760 days slash weeks. If that clears, I do think 133 00:07:10,760 --> 00:07:14,720 Solana could head a decent amount higher Bitcoin. 134 00:07:14,720 --> 00:07:16,280 People are saying it could be range bound for a bit. 135 00:07:16,280 --> 00:07:17,720 This is why people have been talking about the fact that 136 00:07:17,720 --> 00:07:20,480 could be altcoin season. We could be kind of ranging 137 00:07:20,480 --> 00:07:24,360 between 60, 63 to 68 K for a little bit. 138 00:07:25,200 --> 00:07:27,840 Everyone too scared to touch that 69 K with that, with that 139 00:07:27,880 --> 00:07:28,600 guy. Yeah, right. 140 00:07:28,880 --> 00:07:32,080 May everyone So we're having a little bit of an altcoin season. 141 00:07:32,720 --> 00:07:36,120 NF TS have been dull to to a large extent. 142 00:07:36,120 --> 00:07:38,400 There was a huge AirDrop, actually were wormholes doing an 143 00:07:38,400 --> 00:07:40,920 AirDrop for most things in the salon ecosystem. 144 00:07:40,920 --> 00:07:44,360 So I think D gods got a 30 K dollar AirDrop. 145 00:07:44,800 --> 00:07:47,040 Mad Lads got a 30 K dollar AirDrop. 146 00:07:47,480 --> 00:07:50,920 Utes. Got a 15 K dollar AirDrop out of 147 00:07:50,920 --> 00:07:53,240 nowhere? So that's the big thing. 148 00:07:53,480 --> 00:07:54,600 Too. It's pretty interesting the way 149 00:07:54,600 --> 00:07:55,800 they're doing the AirDrop, by the way. 150 00:07:55,880 --> 00:07:57,320 It's like you. Have another and then you. 151 00:07:57,320 --> 00:08:00,040 Have a your vesting depending on your NFT as well. 152 00:08:00,640 --> 00:08:03,440 But that's that's part of part of that is also why Saul has 153 00:08:03,560 --> 00:08:06,480 become very active again, like this AirDrop story which had 154 00:08:06,520 --> 00:08:07,880 which had gone quiet for a little bit. 155 00:08:07,880 --> 00:08:10,960 I think Santi put out a good tweet if you go to his, if you 156 00:08:10,960 --> 00:08:14,120 go out to his profile. But now this is a long list of 157 00:08:14,120 --> 00:08:16,440 things that are going to be back in focus again. 158 00:08:17,160 --> 00:08:20,320 So if this does, if this supply does clear like we could be in a 159 00:08:20,640 --> 00:08:24,000 situation where we have about 5 or 6 near term air drops on 160 00:08:24,000 --> 00:08:25,760 Solana. And as I've just said like some 161 00:08:25,760 --> 00:08:29,240 of the FT VS are way higher versus like the Solana chain. 162 00:08:29,760 --> 00:08:32,080 So you can get like $1,000,000 air drops. 163 00:08:32,080 --> 00:08:35,360 Worm wormhole I think is going to be about 3 or 4 billion I 164 00:08:35,360 --> 00:08:38,799 think I saw, but it's going to be Kamino, which is the next one 165 00:08:38,799 --> 00:08:41,520 they they've teased it could be coming today or at least details 166 00:08:41,520 --> 00:08:45,360 around it today. And then you got like margin 5 a 167 00:08:45,640 --> 00:08:47,440 bunch of different ones. So like it's going to be, it's 168 00:08:47,440 --> 00:08:50,160 going to be an interesting season here potentially. 169 00:08:50,520 --> 00:08:53,640 So I saw, I saw some some headline this morning and and I 170 00:08:53,640 --> 00:08:56,200 definitely want to chat with you about this Raul here while we 171 00:08:56,200 --> 00:08:58,080 have you. So was Pantera raising funds to 172 00:08:58,080 --> 00:09:01,160 buy big Solana Holding by? The way also breven I've I've 173 00:09:01,160 --> 00:09:06,120 got some insights into this. So how they're both doing it is 174 00:09:06,880 --> 00:09:11,520 they're opening a book, it's an SPV and you get locked up. 175 00:09:12,160 --> 00:09:15,160 So you get whatever the 40 something percent discount, 45% 176 00:09:15,160 --> 00:09:17,120 discount, you get locked up for a few years. 177 00:09:17,640 --> 00:09:20,440 So there's no extra supply coming onto the market. 178 00:09:21,480 --> 00:09:23,360 And so it's actually net positive. 179 00:09:23,360 --> 00:09:26,280 I don't know how well they've built their books yet, how much 180 00:09:26,280 --> 00:09:29,080 they've taken on themselves, etcetera, but you know, they 181 00:09:29,080 --> 00:09:31,440 were aiming to clear $4 billion of this stuff. 182 00:09:31,640 --> 00:09:32,720 I don't know how much they'll clear. 183 00:09:32,880 --> 00:09:35,800 We'll see. So what's what's your what's 184 00:09:35,800 --> 00:09:37,040 your read on the market right now Raul. 185 00:09:37,040 --> 00:09:38,960 Curiosity here obviously where you stand. 186 00:09:39,800 --> 00:09:43,400 We know you're a big ETH bull always big salon bowl that. 187 00:09:43,400 --> 00:09:44,360 We've been you've been tweeting we. 188 00:09:44,600 --> 00:09:47,160 We are in. We're in Crypto Summer. 189 00:09:47,680 --> 00:09:51,200 We just started Crypto Summer. Crypto Summer is up only. 190 00:09:51,880 --> 00:09:55,440 Yes, you get the 30% pull backs that happen in your face in 191 00:09:55,440 --> 00:09:59,000 minutes, but that's Crypto Summer. 192 00:09:59,000 --> 00:10:01,040 This whole year should be Crypto Summer. 193 00:10:01,520 --> 00:10:04,920 Yeah, we're all debating whether we get a left translated cycle 194 00:10:04,920 --> 00:10:08,680 or or a or a bubble cycle that goes on further than we 195 00:10:08,680 --> 00:10:11,200 imagined. We none of us know that yet, but 196 00:10:11,840 --> 00:10:13,560 you know we're at the sweet spot. 197 00:10:13,560 --> 00:10:16,400 Global liquidity is picking up, should continue going forwards. 198 00:10:16,640 --> 00:10:20,480 Business cycles should pick up. So this is the time, this is the 199 00:10:20,480 --> 00:10:23,800 great time and this is the time when ETH outperforms Bitcoin, 200 00:10:24,120 --> 00:10:28,000 Solana outperforms ETH. A bunch of alts will outperform 201 00:10:28,000 --> 00:10:31,720 Solana. So you know it's obviously it's, 202 00:10:31,800 --> 00:10:34,880 it is the great opportunity, it's the kind of the big trade 203 00:10:34,880 --> 00:10:37,680 is now on. OK. 204 00:10:38,560 --> 00:10:40,920 I mean what do you what do you when you say like you know you 205 00:10:40,920 --> 00:10:42,400 think Slaw's going to outperform ether. 206 00:10:42,400 --> 00:10:45,080 Do you do you think like that's given also like the whole like 207 00:10:45,080 --> 00:10:48,280 ETF narrative And how do you feel about like the the price of 208 00:10:48,280 --> 00:10:51,040 eats given like ETFs are probably coming like in May? 209 00:10:51,160 --> 00:10:54,600 So all financial markets work the same way. 210 00:10:54,840 --> 00:10:58,400 You put capital in and it's coming into Bitcoin. 211 00:10:58,600 --> 00:11:03,440 It then flows into the least, the less liquid assets and they 212 00:11:03,440 --> 00:11:06,600 rise more right? It's just all markets work the 213 00:11:06,600 --> 00:11:08,840 same way. So it comes into Bitcoin, it 214 00:11:08,840 --> 00:11:14,240 pushes up the other assets. So the next phase is obviously 215 00:11:14,240 --> 00:11:17,000 the ETH ETF. ETH is really an interesting 216 00:11:17,000 --> 00:11:21,280 dynamic because the more ETH you buy the less the the more the 217 00:11:21,280 --> 00:11:26,680 supply is reduced with about 28% locked up in in bloody staking. 218 00:11:26,880 --> 00:11:29,960 I mean there's it's going to get quite a disruled disruling 219 00:11:29,960 --> 00:11:31,760 market. It's just going to be, it's 220 00:11:31,760 --> 00:11:35,280 going to be very price gappy to the upside and probably the 221 00:11:35,280 --> 00:11:37,560 downside. So that's going to get fun. 222 00:11:38,440 --> 00:11:41,720 Solana has been like the main adoption horse because it's 223 00:11:41,720 --> 00:11:44,640 going up the adoption curve. So it tends to outperform. 224 00:11:44,920 --> 00:11:48,960 So I just think you just have that perfect risk curve where 225 00:11:49,200 --> 00:11:52,640 Bitcoin starts to cycle. Well, Ethan starts to 226 00:11:52,640 --> 00:11:54,840 outperform. If you look at the ETH Bitcoin 227 00:11:54,840 --> 00:11:58,520 chart it's basing, it looks like it should start to break higher 228 00:11:58,520 --> 00:12:02,560 over time and that that's pretty much what happened. 229 00:12:03,000 --> 00:12:06,080 When was it about September 2020? 230 00:12:07,000 --> 00:12:10,520 No, it was like summer 2020. We saw the same kind of thing. 231 00:12:12,320 --> 00:12:15,920 So we should see that continue. And then Solana, if I look at 232 00:12:15,920 --> 00:12:18,480 the Solana ETH chart, it's about to break higher again. 233 00:12:18,720 --> 00:12:21,640 It's like this perfect little flag pattern should keep going. 234 00:12:21,640 --> 00:12:25,800 So it it looks as is and as I've kind of thought all the way 235 00:12:25,800 --> 00:12:27,520 through, I think nothing changes. 236 00:12:27,920 --> 00:12:31,080 Would you would you put because we were doing this today this me 237 00:12:31,080 --> 00:12:33,480 and Ovi this morning on risk rewards sort of trades like 238 00:12:34,480 --> 00:12:37,160 where where where do you think someone could go this cycle like 239 00:12:37,160 --> 00:12:39,960 what what is your price sort of target here Because I we were 240 00:12:39,960 --> 00:12:43,560 looking at now and saying old coin season is interesting but I 241 00:12:43,560 --> 00:12:45,520 always feel it's a little bit dangerous because a lot of the 242 00:12:45,520 --> 00:12:49,680 coins that pump they really have no users or sometimes even use 243 00:12:49,680 --> 00:12:52,880 case Solana does feel different this cycle because it's not just 244 00:12:52,880 --> 00:12:55,680 vapourware like it's not just an expectation of people coming on 245 00:12:55,880 --> 00:12:58,080 people are actually here it has the most number of wallets. 246 00:12:58,080 --> 00:13:02,160 It has basically equal share to ETH now and D5 volume, highest 247 00:13:02,160 --> 00:13:06,440 number of NFT trading I think at least in terms of wallets for 248 00:13:06,440 --> 00:13:09,760 sure. But yeah, like, what do you 249 00:13:09,760 --> 00:13:10,760 think there? Do you think that's like a 250 00:13:10,760 --> 00:13:12,600 different altcoin essentially is what I'm saying? 251 00:13:13,160 --> 00:13:16,560 So I think Solana is ETH of the last cycle, right? 252 00:13:16,560 --> 00:13:21,240 This is a proper blockchain that's getting full adoption, so 253 00:13:21,240 --> 00:13:23,840 this is a real thing. Fire dance is the kicker. 254 00:13:25,080 --> 00:13:27,720 So we've got some real stuff happening here. 255 00:13:28,320 --> 00:13:31,320 So in terms of price targets, I mean, who the hell knows? 256 00:13:31,320 --> 00:13:34,720 But if we kind of replicate what ETH did last cycle, that was a 257 00:13:34,720 --> 00:13:42,320 45X from the low, so you get somewhere like about $500,500. 258 00:13:42,880 --> 00:13:46,800 If I look at the other charts, I get somewhere between 500 and 259 00:13:46,800 --> 00:13:51,040 1000 and it just depends on the structure of this market. 260 00:13:51,040 --> 00:13:53,640 If we get a bubble cycle, it'll go to 1000. 261 00:13:54,400 --> 00:13:57,080 If we get some sort of left translated, it gets to 500. 262 00:13:57,440 --> 00:14:00,800 It's it's something like that, you know as we all know here, 263 00:14:01,200 --> 00:14:05,520 you know price targets are are pretty useless but because you 264 00:14:05,520 --> 00:14:07,680 need to see the structure and nature of the market when it 265 00:14:07,680 --> 00:14:09,640 happens. So it's all well and good us 266 00:14:09,640 --> 00:14:12,520 having an idea now but we'll feel it and know it when it's 267 00:14:12,520 --> 00:14:15,200 happening and I'm still trying to figure out I'd love to hear 268 00:14:15,200 --> 00:14:18,000 your guys views. So here here's my odds. 269 00:14:18,320 --> 00:14:21,000 My odds is 60%. This is kind of a normal cycle. 270 00:14:21,080 --> 00:14:24,320 I would say the last cycle we had wasn't it was stunted, the 271 00:14:24,320 --> 00:14:27,080 last leg was stunted. We should have had another leg 272 00:14:27,080 --> 00:14:31,520 higher we didn't get it. 2017 was was probably more of a 273 00:14:31,520 --> 00:14:35,440 normal crypto cycles like 2013. They get quite blow off the top 274 00:14:35,440 --> 00:14:39,320 At the end there's a full bubble cycle that could be kind of La 275 00:14:39,320 --> 00:14:43,960 La land which I would give 20%. I give 60% to a normal cycle and 276 00:14:43,960 --> 00:14:48,040 20% to a left translated cycle. That's kind of where my odds are 277 00:14:48,040 --> 00:14:48,880 right now. How are you? 278 00:14:49,000 --> 00:14:50,120 How are you guys thinking about it? 279 00:14:51,200 --> 00:14:54,520 I've I've been less I've been more wary about this cycle 280 00:14:54,520 --> 00:14:57,200 because it doesn't feel like we've seen the same levels of 281 00:14:57,200 --> 00:15:00,000 participation that we had in previous cycles yet. 282 00:15:00,360 --> 00:15:03,160 Like we've started to see Coinbase go up the the app at 283 00:15:03,160 --> 00:15:07,160 list like number of wallets. I mean D5 TBL just passed 200 a 284 00:15:07,160 --> 00:15:10,280 100 million, but like we're still we're still only like 40% 285 00:15:10,600 --> 00:15:13,680 in terms of actual like people here down where we were. 286 00:15:14,080 --> 00:15:15,920 COVID. We've got to remember that, 287 00:15:15,920 --> 00:15:19,960 right? So, so it's kind of it's 288 00:15:19,960 --> 00:15:21,880 interesting to me here like do we follow through and we 289 00:15:21,880 --> 00:15:24,880 actually start to see the users, do we even need them this time. 290 00:15:24,880 --> 00:15:27,640 Like it feels as though like you said it's really just an it's 291 00:15:27,640 --> 00:15:29,720 more about capital in and Bitcoin. 292 00:15:30,520 --> 00:15:32,720 It doesn't necessarily translate to number of users, number of 293 00:15:32,720 --> 00:15:34,880 adoption like people buying a Bitcoin ETF doesn't necessarily 294 00:15:34,880 --> 00:15:36,560 mean we're going to have a ton of people on chain trading 295 00:15:36,920 --> 00:15:39,000 trading everything else. So maybe it does feel slightly 296 00:15:39,000 --> 00:15:44,760 different than the other cycle. I would like to think that this 297 00:15:44,760 --> 00:15:48,840 isn't just a cycle, That's basically what I'm I'm getting 298 00:15:48,840 --> 00:15:50,160 at here. I would like to. 299 00:15:50,200 --> 00:15:53,080 Think this more. Actual adoption, like we 300 00:15:53,080 --> 00:15:55,000 haven't. I don't want this to just be 301 00:15:55,000 --> 00:15:57,280 like we have thousands and thousands of people coming on 302 00:15:57,280 --> 00:16:00,040 here for the next six months and it never really happened. 303 00:16:00,040 --> 00:16:04,920 I would like to see a slow increase now in acceptance of 304 00:16:04,920 --> 00:16:08,360 blockchain, an actual use case of it, which means that this 305 00:16:08,360 --> 00:16:11,480 doesn't just feel like a bubble. I don't want to see a blow off 306 00:16:11,480 --> 00:16:14,080 top bubble. I would rather see kind of 307 00:16:14,080 --> 00:16:15,800 right. We start to see the RWA 308 00:16:15,800 --> 00:16:17,920 narrative maybe pushed through after the election. 309 00:16:17,920 --> 00:16:21,320 We start to see some of these games actually have use cases. 310 00:16:21,320 --> 00:16:24,720 Some of these AI, you know coins actually have use case. 311 00:16:24,760 --> 00:16:29,400 I I think that's maybe a bit distant way if if that happens 312 00:16:29,400 --> 00:16:33,760 like if we do get better regulation on the RWA side and 313 00:16:33,760 --> 00:16:37,520 we do start to see maybe one game, just one really like get 314 00:16:37,560 --> 00:16:38,560 you know millions. Of. 315 00:16:38,760 --> 00:16:42,800 Uses then. Then I would be more bullish on 316 00:16:42,800 --> 00:16:46,120 the idea. This could be blow off top like 317 00:16:46,280 --> 00:16:50,200 like you've never seen before. But for now, like even on the 318 00:16:50,200 --> 00:16:53,960 even on the meme coins I'm seeing right, like with has got 319 00:16:53,960 --> 00:16:57,440 60,000 holders in the past cycle that would have got hundreds of 320 00:16:57,440 --> 00:16:59,640 thousands. But is it that we are really? 321 00:17:00,320 --> 00:17:01,400 Early, Yeah, maybe we're just early. 322 00:17:01,800 --> 00:17:04,560 We maybe just be early, but if this is going to be sustained to 323 00:17:04,560 --> 00:17:07,760 get, I mean like COVID. Lockdowns hadn't happened yet. 324 00:17:08,160 --> 00:17:11,240 Yeah, yeah. I guess that's the point I'm 325 00:17:11,240 --> 00:17:13,200 trying to make in terms of answering the question is, is 326 00:17:13,200 --> 00:17:15,599 that we need to need to need to get that blow off top. 327 00:17:15,599 --> 00:17:18,000 I do still think we need more users than we have right now. 328 00:17:18,000 --> 00:17:20,880 It feels a little bit like we're swapping bags on the way up 329 00:17:21,040 --> 00:17:22,640 still. And. 330 00:17:23,000 --> 00:17:27,680 And that that maybe could we can sustain it, but I do think it 331 00:17:27,680 --> 00:17:30,680 would be it would be good to see like a slow rise in users now 332 00:17:31,600 --> 00:17:33,280 you know. That's my fear of this left 333 00:17:33,280 --> 00:17:37,680 translated cycle is we we kind of mean coin it so much to the 334 00:17:37,680 --> 00:17:40,440 moon that the whole thing collapses under its own weight 335 00:17:40,440 --> 00:17:44,560 before we actually get the app layer fired up and people are 336 00:17:44,560 --> 00:17:47,240 actually doing stuff. That's that's the one fear that 337 00:17:47,240 --> 00:17:49,280 we over hype it. Right, exactly. 338 00:17:49,560 --> 00:17:52,160 OV what do you think, I? I think we won't know. 339 00:17:52,160 --> 00:17:55,000 I I guess Ryle's point, Michael's point is that we don't 340 00:17:55,000 --> 00:17:57,600 have as much participation as we did in the previous cycle. 341 00:17:57,600 --> 00:18:00,560 Ryle's point is it's still early and I think we won't really know 342 00:18:00,880 --> 00:18:03,760 the answer to that until we've gone above all time highs on 343 00:18:03,760 --> 00:18:06,640 Bitcoin and and held that level. Because I think that's usually 344 00:18:06,640 --> 00:18:09,080 the catalyst in the moment when it gets reported in the 345 00:18:09,080 --> 00:18:11,440 mainstream media, bitcoins, bitcoins at all time highs and 346 00:18:11,440 --> 00:18:13,640 it gets new highs. And that's when like the average 347 00:18:13,640 --> 00:18:16,720 per the average sideline person when something when they see the 348 00:18:16,720 --> 00:18:19,960 chart and they're like, oh, it's just almost at the all time 349 00:18:19,960 --> 00:18:22,400 high, they don't usually buy it. But if they see the chart and 350 00:18:22,400 --> 00:18:25,440 it's 20% above or 10% above all time highs, they're like, OK, I 351 00:18:25,440 --> 00:18:27,400 get it. It's true that it's going higher 352 00:18:27,400 --> 00:18:29,880 and I think that's when you start to get really get like the 353 00:18:29,880 --> 00:18:32,680 influx of retail and new users. And we just haven't got to that 354 00:18:32,680 --> 00:18:34,560 point yet. How many messages have you got? 355 00:18:34,560 --> 00:18:35,480 I mean, I've got. A ton. 356 00:18:35,560 --> 00:18:38,920 A ton. Oh, I've got 3-4 so far from 357 00:18:38,920 --> 00:18:41,520 friends. Like, what should I do ex 358 00:18:41,520 --> 00:18:43,680 bosses? Like, you know, how much Solana 359 00:18:43,680 --> 00:18:44,720 should I buy? You know what? 360 00:18:45,240 --> 00:18:47,000 I still don't have that many yet. 361 00:18:47,320 --> 00:18:50,120 I have I. Have a few, but I've had a few 362 00:18:50,120 --> 00:18:52,720 of people who are like, I'm not going to buy back in or like, 363 00:18:52,760 --> 00:18:54,760 oh, I can't believe you've told me to get that coin. 364 00:18:55,280 --> 00:18:57,280 They haven't yet. But. 365 00:18:57,520 --> 00:18:59,000 Back in, you know what I mean? It's. 366 00:18:59,000 --> 00:19:01,440 Cousin from India, cousin from India. 367 00:19:01,440 --> 00:19:05,600 Trying to get a mum into it. My aunt, my 80 year old aunt. 368 00:19:06,400 --> 00:19:08,600 So that's that was a. Hilarious. 369 00:19:08,600 --> 00:19:10,400 Worrying sign? Do you sell like that? 370 00:19:11,120 --> 00:19:13,360 I haven't gone yet. I I. 371 00:19:13,560 --> 00:19:15,760 My boxing coach, my boxing coach showed me his. 372 00:19:15,760 --> 00:19:18,400 He just has Revolut. He showed me his portfolio and 373 00:19:18,400 --> 00:19:21,400 he bought a bunch of altcoins and they're all up about 500%. 374 00:19:21,840 --> 00:19:25,560 And he bought Pepe recently and he was like, look, I just, it 375 00:19:25,560 --> 00:19:27,560 has to just eat another zero. Then it's going to be a 10X. 376 00:19:27,560 --> 00:19:31,240 So like, I think you you are. For me personally on my side, 377 00:19:31,240 --> 00:19:36,000 I'm like every day I'm seeing more and more people enter and 378 00:19:36,000 --> 00:19:38,160 more like I had another mate that just texted me as well 379 00:19:38,160 --> 00:19:40,960 saying like all my everyone I know at works buying ship and 380 00:19:40,960 --> 00:19:43,840 doge like like should I do this or or is this just silly Like I 381 00:19:43,840 --> 00:19:47,040 get what at least one of those texts every day now if not too 382 00:19:47,680 --> 00:19:50,400 interesting so pretty definitely on like at least on my side. 383 00:19:50,960 --> 00:19:53,320 It's anecdotal, but it's definitely like materially 384 00:19:53,320 --> 00:19:55,480 picking up I think for. Me, I think you get you guys get 385 00:19:55,480 --> 00:19:57,040 more of these tests. You guys have a traditional 386 00:19:57,040 --> 00:19:59,000 finance background where like you know, a lot of traders and 387 00:19:59,000 --> 00:20:01,560 people that are like interested in like taking trades, making 388 00:20:01,560 --> 00:20:03,640 money. I'm more of the media 389 00:20:03,640 --> 00:20:06,320 background. Left curve background type of 390 00:20:06,320 --> 00:20:07,960 thing, right? And I always say it on the show. 391 00:20:07,960 --> 00:20:10,720 Like my difference around with the boys here is they're more 392 00:20:10,720 --> 00:20:14,680 like track five of these guys. I haven't opened Instagram yet 393 00:20:14,680 --> 00:20:16,560 to see a bunch of stories about crypto. 394 00:20:16,560 --> 00:20:18,880 Like the people still posting on my Instagram about crypto are 395 00:20:18,880 --> 00:20:21,240 the same people that were posting at the Lowe's and now 396 00:20:21,240 --> 00:20:23,760 kind of running lapsing. I told you so I'm seeing a lot 397 00:20:23,760 --> 00:20:25,520 of those. I might see two people that are 398 00:20:25,520 --> 00:20:28,600 like trying to flex mean coin games, which are like vaporware, 399 00:20:28,600 --> 00:20:29,400 right? And nothing. 400 00:20:29,400 --> 00:20:31,520 But I haven't really gotten interest yet and I don't think 401 00:20:31,520 --> 00:20:32,840 we get onto all time high for Bitcoin. 402 00:20:33,120 --> 00:20:35,720 Like, I don't think like I look at the market from a different 403 00:20:35,720 --> 00:20:38,280 perspective than the boys, Like I say from media perspective, 404 00:20:38,280 --> 00:20:40,120 like being at the helm of like rug reader and decrypt. 405 00:20:40,600 --> 00:20:42,680 I study decrypt, chart beat numbers. 406 00:20:43,120 --> 00:20:45,360 I look at the fact that we did 3,000,000 visits last month. 407 00:20:45,360 --> 00:20:46,840 I'm like, wow, we're going so much higher. 408 00:20:46,840 --> 00:20:49,240 That's nothing for media. That's and then you have real 409 00:20:49,240 --> 00:20:50,920 vision, right? You're you guys are also one of 410 00:20:50,920 --> 00:20:52,320 the largest media outlets in crypto. 411 00:20:52,440 --> 00:20:53,840 What do you think of it from that standpoint? 412 00:20:53,840 --> 00:20:57,040 Like yesterday we shared the news that Arizona was about to 413 00:20:57,080 --> 00:20:59,320 offer it. Arizona State wants to offer it 414 00:20:59,320 --> 00:21:01,400 to people, the ETFs. Like what do you think from that 415 00:21:01,400 --> 00:21:02,200 standpoint then? I don't. 416 00:21:02,200 --> 00:21:06,320 Think we have not seen on the media side the rush? 417 00:21:06,320 --> 00:21:09,680 It's not happened yet. It's the same people still. 418 00:21:09,680 --> 00:21:12,720 Yeah, I can see my Twitter numbers growing again because 419 00:21:13,000 --> 00:21:15,200 they were flat line for a long time, but they're still not 420 00:21:15,200 --> 00:21:18,600 growing fast. I mean I hit a million, I don't 421 00:21:18,600 --> 00:21:23,160 know four months ago and I'm, I'm at like 1,020,000. 422 00:21:23,160 --> 00:21:25,800 So we're not seeing a massive influx. 423 00:21:26,800 --> 00:21:29,400 So you're right. I mean look, there's some 424 00:21:29,400 --> 00:21:34,000 anecdotal evidence, yes, but we're not really seeing a mass 425 00:21:34,000 --> 00:21:39,480 participation and you know, but it is, it is early, it's early 426 00:21:39,480 --> 00:21:43,360 in the cycle. We forget because look we were 427 00:21:43,360 --> 00:21:46,200 all quite lucky in getting this cycle quite right. 428 00:21:47,080 --> 00:21:49,360 So we feel like we've been in it all the way through. 429 00:21:50,080 --> 00:21:53,440 But don't forget, last cycle most of us were buying now. 430 00:21:55,320 --> 00:21:59,200 Or later. April, May and June last time. 431 00:21:59,200 --> 00:22:01,400 It was later I got in the same time as you guys, right? 432 00:22:01,400 --> 00:22:04,640 Like it was later like. Obviously the price is further 433 00:22:04,640 --> 00:22:08,400 this time, so it's different. So I don't know and let's just 434 00:22:08,400 --> 00:22:13,560 keep an open mind, I think. I think Michael's view is is is 435 00:22:13,560 --> 00:22:15,960 also right. I I just don't think we know. 436 00:22:16,080 --> 00:22:19,040 So we just have to keep a very open mind, which is why I'm 437 00:22:19,040 --> 00:22:21,320 trying to use a probabilistic framework and just keep 438 00:22:21,320 --> 00:22:25,120 adjusting as we go all. Right guys, guys it's over we're 439 00:22:25,320 --> 00:22:26,640 we're hitting all. Time. 440 00:22:27,560 --> 00:22:29,720 Can you guys stop being chickens? 441 00:22:29,720 --> 00:22:33,040 Could you stop PTSD all you have? 442 00:22:33,040 --> 00:22:34,800 It's over. This is the beginning of the 443 00:22:34,800 --> 00:22:36,720 cycle. Don't you understand? 444 00:22:37,120 --> 00:22:38,240 This. Is so scared. 445 00:22:38,560 --> 00:22:41,560 See, the problem is that OSF and Amanda are scared because 446 00:22:41,560 --> 00:22:43,760 they're about to be billionaires and they're like, well, how can 447 00:22:43,800 --> 00:22:46,280 I be a billionaire? So they're having impostor 448 00:22:46,280 --> 00:22:48,720 syndrome. And Raul's been calling for this 449 00:22:48,720 --> 00:22:50,480 forever. So he's like, I know I'm right, 450 00:22:50,480 --> 00:22:54,640 but I don't want to say it out loud because, like, just stop. 451 00:22:55,360 --> 00:22:57,880 Just accept it. It's this is the beginning. 452 00:22:57,880 --> 00:22:59,400 We're all going to make it. This is it. 453 00:23:00,360 --> 00:23:02,640 Oh my God, yeah. Definitely we're going to make 454 00:23:02,640 --> 00:23:04,120 it. It's whether it's a 2X on 455 00:23:04,120 --> 00:23:06,160 Bitcoin or it's a 5X on Bitcoin, I think is. 456 00:23:06,520 --> 00:23:09,120 Is where it's going to be. It's going to be a multiple X 457 00:23:09,160 --> 00:23:11,720 Bitcoin is going to be adopted. We It's all happening. 458 00:23:11,920 --> 00:23:13,080 What? We do. 459 00:23:13,280 --> 00:23:15,400 The train left the station. That's it. 460 00:23:15,400 --> 00:23:17,960 It's over. I think Benny Benny's right. 461 00:23:17,960 --> 00:23:21,280 There is a lot of PTSD. I'm so careful in what I say 462 00:23:21,280 --> 00:23:23,240 These days. I would have a very different 463 00:23:23,240 --> 00:23:25,960 conversation with you guys off camera than on camera. 464 00:23:27,480 --> 00:23:30,600 Yeah. Yeah, because I'm so cautious 465 00:23:30,600 --> 00:23:34,440 because people are, you know, the Internet is a pretty awful 466 00:23:34,440 --> 00:23:35,440 place. Yes. 467 00:23:37,120 --> 00:23:38,760 And so, yeah, we've all been through it, right. 468 00:23:39,280 --> 00:23:44,520 And so I think Benny's right. You know, actually every day is 469 00:23:44,560 --> 00:23:47,120 much more cautious. And we do have PTSD. 470 00:23:47,120 --> 00:23:51,440 Not more, not so much markets. It's PTSD from bloody Twitter. 471 00:23:52,240 --> 00:23:53,680 Yes, Sir. But you know what Raul? 472 00:23:53,680 --> 00:23:56,800 Like I man, I I always get called a bull tard. 473 00:23:56,800 --> 00:23:58,920 And like, I'm a permit bull. I was bullish at the lowest and 474 00:23:58,920 --> 00:24:01,440 bullish at the highest. But like, again, like we haven't 475 00:24:01,440 --> 00:24:04,400 seen shit yet. Like if it's not even $4000 476 00:24:04,440 --> 00:24:06,160 like. You've been right to be bullish 477 00:24:06,160 --> 00:24:09,880 because the market over time goes bottom left to top right. 478 00:24:11,280 --> 00:24:13,320 You know, in over the time horizon depends on what time 479 00:24:13,320 --> 00:24:16,040 horizon people are using, which is the other big problem. 480 00:24:16,040 --> 00:24:18,840 Everyone screws that up. Yeah, 100%. 481 00:24:18,840 --> 00:24:21,280 What do you think of of the whole like, meme coin cycle 482 00:24:21,280 --> 00:24:23,240 going on right now? Like you like I'm seeing like 483 00:24:23,440 --> 00:24:26,360 obviously institutions buying up all the Bitcoin ETH, moving up 484 00:24:26,360 --> 00:24:27,720 with it because they're going to buy the ETH. 485 00:24:27,880 --> 00:24:29,760 Solana seems to be doing good all. 486 00:24:29,760 --> 00:24:31,640 Slagging. It's dumb as shit. 487 00:24:32,160 --> 00:24:35,960 And of course, I own some. What are your favorite? 488 00:24:35,960 --> 00:24:37,280 What are all Pals are you trying to? 489 00:24:37,360 --> 00:24:38,480 Get him cancelled. Are you trying? 490 00:24:38,480 --> 00:24:39,640 To get him like I feel like he just. 491 00:24:39,640 --> 00:24:41,720 Told you have to be careful and you're asking for his favorite. 492 00:24:42,280 --> 00:24:45,080 What's your What's your favorite lowest market cap meme point, 493 00:24:45,080 --> 00:24:47,240 Preferably sub $1 million market cap like this. 494 00:24:48,760 --> 00:24:50,320 Is this is in the contract address? 495 00:24:50,800 --> 00:24:51,960 To send the contract address What? 496 00:24:52,360 --> 00:24:55,800 Sub quarter billion sub like above quarter billion dollars so 497 00:24:55,800 --> 00:24:58,200 that we're at night right above a billion of it. 498 00:24:58,200 --> 00:24:59,680 If you want like what do you like what? 499 00:24:59,680 --> 00:25:01,920 What do you what is there did you need in the back? 500 00:25:02,400 --> 00:25:09,320 My setup is I'm really 95% non, you know, just in my core 501 00:25:09,320 --> 00:25:13,400 positions. And then 5% of silly stuff, of 502 00:25:13,400 --> 00:25:17,920 which I've got some stuff that's too small that I can talk about. 503 00:25:18,360 --> 00:25:22,600 And then I've got Whiff and I've got Bonk and I've got Doge. 504 00:25:22,840 --> 00:25:25,520 Yes, I've got the dogs, you know, because the dogs run 505 00:25:25,520 --> 00:25:28,960 first, you know, this is the perfect point for the dog cycle. 506 00:25:29,160 --> 00:25:34,200 So you do a bit of that for the fun of it, but I, you know, I'm 507 00:25:34,200 --> 00:25:36,880 not very good at this part of it because you always end up look 508 00:25:36,880 --> 00:25:39,160 back and you're too late into a cycle. 509 00:25:39,440 --> 00:25:41,800 You look back, you got this shrapnel of useless shit. 510 00:25:41,800 --> 00:25:44,640 I mean, if I look back in my wallet last time around the the 511 00:25:44,920 --> 00:25:48,120 decentralized and sandbox and all of this stuff you get stuck 512 00:25:48,120 --> 00:25:52,080 with from narratives that you overstayed in, you know that's 513 00:25:52,080 --> 00:25:53,880 the issue is not overstaying in this stuff. 514 00:25:54,360 --> 00:25:58,000 Straight strangely again we were talking about it and I don't 515 00:25:58,040 --> 00:25:59,600 know we're, I'm talking about it quite frankly. 516 00:25:59,600 --> 00:26:02,440 But I actually thought some of the best risk award right now 517 00:26:02,440 --> 00:26:04,760 wasn't some of the some of the meme coins like because I've 518 00:26:04,800 --> 00:26:07,720 actually seen some of the AI coins and the gaming coins and 519 00:26:08,440 --> 00:26:09,960 maybe even some of the other use case coins. 520 00:26:09,960 --> 00:26:12,280 I still think RWA could have a move and D5 could have a move if 521 00:26:12,280 --> 00:26:15,200 UNISWAP changes its fees. But they actually don't really 522 00:26:15,200 --> 00:26:18,640 have the users to sustain like 10s of billions of dollar market 523 00:26:18,640 --> 00:26:21,480 cap and most of them are already like 3 to 5 like some of the 524 00:26:21,520 --> 00:26:25,960 some of the major ones. Whereas can I imagine Doge just 525 00:26:26,120 --> 00:26:28,600 just on the idea that it's a form of currency going from 20 526 00:26:28,600 --> 00:26:32,760 to 40 billion, it went to like card in that last cycle ship 527 00:26:32,760 --> 00:26:37,360 could do similar. Like I personally think the risk 528 00:26:37,360 --> 00:26:39,440 reward, I'm not saying they're going to go higher but like I 529 00:26:39,440 --> 00:26:42,520 can see that and go is that really going to drop 50% here 530 00:26:43,000 --> 00:26:44,720 like maybe. But I don't. 531 00:26:44,880 --> 00:26:48,120 But some of this might well do, right, Doge? 532 00:26:48,160 --> 00:26:50,960 Yeah, stuff like that. No, it's it's it's tokenized 533 00:26:50,960 --> 00:26:53,880 culture now. It's it's folklore, right. 534 00:26:53,880 --> 00:26:55,840 So I don't really have an issue with it. 535 00:26:58,920 --> 00:27:01,480 I tell you, who's been amazing at this stuff is handsome, 536 00:27:01,640 --> 00:27:05,880 whatever. I don't know who he is, that 537 00:27:05,880 --> 00:27:07,320 Twitter account. I mean, he doesn't. 538 00:27:07,320 --> 00:27:08,520 Exist. Is he real? 539 00:27:08,880 --> 00:27:11,400 I think he was on rec radio. No, He used to work for. 540 00:27:11,840 --> 00:27:15,360 Yeah, he used to work for churning, churning group. 541 00:27:15,360 --> 00:27:19,520 I mean what's his name ZI don't know what, but he he's nailed it 542 00:27:19,520 --> 00:27:21,720 and he's he understood it really clearly. 543 00:27:21,800 --> 00:27:23,480 And you guys have done a good job with this as well. 544 00:27:23,480 --> 00:27:25,720 You were you guys were flagging this really early. 545 00:27:25,920 --> 00:27:30,480 And I think to the point, Michael is that it doesn't have 546 00:27:30,480 --> 00:27:33,800 value and that's the easiest part to understand. 547 00:27:34,920 --> 00:27:38,040 If if we do actually get and again the users come back just 548 00:27:38,040 --> 00:27:41,720 to crypto, then I can imagine those going going high and I 549 00:27:41,720 --> 00:27:43,800 actually find some of the other old coins a little bit scary 550 00:27:43,800 --> 00:27:46,360 because sometimes it's just like I don't know what my downside 551 00:27:46,360 --> 00:27:47,680 is. Whereas I feel like with those I 552 00:27:47,680 --> 00:27:49,280 kind of know what my downside is. 553 00:27:49,400 --> 00:27:52,680 And people are forgetting that they are literally sending a 554 00:27:52,760 --> 00:27:55,680 rocket, a doge rocket into space. 555 00:27:56,200 --> 00:27:57,640 And it's happening. What, next month? 556 00:27:57,680 --> 00:28:00,280 People are forgetting this. They've been doing that for 557 00:28:00,840 --> 00:28:04,120 didn't the last one like burn? Like it didn't reach the moon? 558 00:28:04,120 --> 00:28:07,680 I remember I read that like they sent one a few few weeks ago and 559 00:28:07,680 --> 00:28:10,120 it like failed to land on the moon and then doge. 560 00:28:10,120 --> 00:28:11,600 That wasn't the Doge one, was it? 561 00:28:12,000 --> 00:28:13,600 I think it was. There was some doge on it for 562 00:28:13,600 --> 00:28:17,040 sure. They they're always trying to 563 00:28:17,040 --> 00:28:23,200 land a rocket on the moon. But yeah I I look I I those 564 00:28:23,200 --> 00:28:25,440 right now in this market I think you know with big one hitting 565 00:28:25,440 --> 00:28:28,240 all time highs you have to be a bit wary because stuff a lot of 566 00:28:28,240 --> 00:28:32,040 stuff has run up quite a lot but weirdly these these major memes 567 00:28:32,080 --> 00:28:34,200 like some of the low cap ones move but these major memes have 568 00:28:34,200 --> 00:28:37,040 only really started to move in the last week or two weeks 569 00:28:37,040 --> 00:28:39,840 right. Doge only has done a 2X right. 570 00:28:39,840 --> 00:28:44,880 It was part of me thinks that that could move ship, could move 571 00:28:44,880 --> 00:28:47,400 similar like and then other memes could move and then it or 572 00:28:47,400 --> 00:28:49,800 like all the other use cases. But I still like those as a 573 00:28:49,800 --> 00:28:51,640 sector versus some of the others. 574 00:28:52,680 --> 00:28:57,360 And then I still like to like I still think the RWA. 575 00:28:57,360 --> 00:28:58,440 You're looking all the wrong way. 576 00:28:59,760 --> 00:29:03,400 What's up, Benny? When Bitcoin has a 5 trillion 577 00:29:03,400 --> 00:29:06,760 market cap by itself, OK, because that's what's going to 578 00:29:06,760 --> 00:29:09,040 happen. All these other coins, when they 579 00:29:09,040 --> 00:29:12,320 have like 500 billion market caps or one trillion, we're just 580 00:29:12,320 --> 00:29:14,720 going to be like, OK, it's not going to be that shocking. 581 00:29:15,120 --> 00:29:16,840 There is no market cap. I love you. 582 00:29:19,680 --> 00:29:21,880 I mean, it is. Do you guys think that there is 583 00:29:21,880 --> 00:29:25,080 a world where the meme coin market cap reaches a trillion 584 00:29:25,080 --> 00:29:28,000 dollars? What? 585 00:29:28,080 --> 00:29:29,320 What is it now? Right now, I actually just don't 586 00:29:29,320 --> 00:29:31,560 even know it's. Way off. 587 00:29:31,560 --> 00:29:34,160 It must be like way. Off 54 billion, yeah. 588 00:29:34,880 --> 00:29:36,800 I mean, you'd have to see Doge basically. 589 00:29:37,280 --> 00:29:39,760 No, I just it would be it would be pretty nuts. 590 00:29:39,800 --> 00:29:43,680 Doge Where It's a world. Where it's possible that Twitter 591 00:29:43,840 --> 00:29:50,520 uses Doge as a payments platform and then, look, it's possible, 592 00:29:50,520 --> 00:29:53,600 it's possible, but it's not something I would bound. 593 00:29:54,480 --> 00:29:56,720 Yeah, So here's a question, here's a question for everybody. 594 00:29:56,960 --> 00:29:59,400 What's the market cap of the space at the end of this cycle? 595 00:30:00,200 --> 00:30:03,240 That's a good question I. I think it's a similar question 596 00:30:03,240 --> 00:30:04,440 to where we think it's going to end up. 597 00:30:04,440 --> 00:30:07,920 My my base case is that we we we go to shy of 10. 598 00:30:08,360 --> 00:30:14,440 So I think, I think Bitcoin roughly to 200 K 250 this cycle 599 00:30:15,600 --> 00:30:17,320 and kind of everything else. Following. 600 00:30:18,200 --> 00:30:21,400 So we're all about 10-10 trillion, right? 601 00:30:21,880 --> 00:30:23,440 Yeah, it's around 10, I think. Yeah, so. 602 00:30:23,840 --> 00:30:24,920 I'm, I'm at, they're either going to be. 603 00:30:24,920 --> 00:30:27,120 Spectacularly wrong one way or the other, right? 604 00:30:28,520 --> 00:30:31,680 It's gonna, I mean, even if you stop at 7, I'm happy, right? 605 00:30:31,760 --> 00:30:34,080 But but ten trillion is the seems to be a number. 606 00:30:34,080 --> 00:30:36,120 I mean, if we look. You see, this is the hard part. 607 00:30:36,120 --> 00:30:40,280 People don't realise the hard part is actually the last part 608 00:30:40,280 --> 00:30:42,280 of the cycle. It's the hardest part. 609 00:30:42,560 --> 00:30:44,920 It's not buying the cycle, it's not running the cycle. 610 00:30:44,920 --> 00:30:49,960 It's the end. Because if it finishes early, 611 00:30:51,680 --> 00:30:53,240 you kind of get caught holding the bag. 612 00:30:54,760 --> 00:30:59,200 If it finishes normally and you've got PTSD, you end up 613 00:30:59,200 --> 00:31:01,920 selling a bit too early. That's not the worst thing if it 614 00:31:01,920 --> 00:31:04,880 has a super cycle. I mean, I remember selling 615 00:31:04,880 --> 00:31:09,080 Bitcoin in 2017 at like 2 1/2 thousand, thinking I was great, 616 00:31:09,320 --> 00:31:17,440 went to 20,000 kind of 10X in the next 5 months and that's 617 00:31:17,600 --> 00:31:20,000 really difficult to deal with. That's a bit bad because I saw a 618 00:31:20,000 --> 00:31:23,120 tweet actually by Trader Maine which is like it's a bit, it's 619 00:31:23,120 --> 00:31:26,520 the Prater Princi principle in that 80% of the gains come in 620 00:31:26,520 --> 00:31:29,560 the last 20% of the of the market, right. 621 00:31:29,560 --> 00:31:33,320 Like we we might see the vast majority of the gains now happen 622 00:31:33,480 --> 00:31:35,760 after we've broken at the highs like 80% of the gains. 623 00:31:35,760 --> 00:31:38,240 So like what what? I mean you had some famous 624 00:31:38,240 --> 00:31:40,480 tweets on Solana, like what what, what have you learnt this 625 00:31:40,480 --> 00:31:43,080 cycle versus last cycle and the ones that you did really well as 626 00:31:43,080 --> 00:31:46,280 well? Well, can I actually, I wanted 627 00:31:46,280 --> 00:31:48,680 to say world is actually 100% right and all being seriously, 628 00:31:48,840 --> 00:31:50,680 I've been, I actually been through it. 629 00:31:50,800 --> 00:31:54,320 I think I've been through pretty much every cycle in since the 630 00:31:54,320 --> 00:32:00,720 beginning and this psychological fucking mindset that you have to 631 00:32:00,720 --> 00:32:03,960 have to sell right is so stressful. 632 00:32:04,200 --> 00:32:06,200 You know, I, I tweeted this, I said, you know, bull markets are 633 00:32:06,200 --> 00:32:09,000 exciting, but they are extremely stressful because they're 634 00:32:09,000 --> 00:32:11,200 euphoric. You get so into it. 635 00:32:11,480 --> 00:32:13,800 And then that moment that you know that you have to take some 636 00:32:13,800 --> 00:32:16,760 get like you know, gains off and you're not doing it because you 637 00:32:16,760 --> 00:32:18,840 keep constantly thinking it's going to go higher. 638 00:32:19,200 --> 00:32:22,360 That is like literally the hardest part of this whole 639 00:32:22,360 --> 00:32:23,400 thing. And I know that sounds 640 00:32:23,400 --> 00:32:25,600 ridiculous because you're like, oh, you're making so much money, 641 00:32:25,960 --> 00:32:29,720 but the the emotional and psychological, you know? 642 00:32:30,040 --> 00:32:32,840 It's easier not selling. It's easier going through the 643 00:32:32,840 --> 00:32:34,400 downside. Right. 644 00:32:34,560 --> 00:32:37,840 You just hold why not and and that that whole mindset of 645 00:32:38,120 --> 00:32:43,200 puddle and you know hold the door and and and wag me all 646 00:32:43,200 --> 00:32:46,320 those things feed into that and it becomes really it's really 647 00:32:46,320 --> 00:32:49,560 struggle like my my great my advice I keep giving everybody's 648 00:32:49,560 --> 00:32:52,680 like you need to take profits because if you don't you never 649 00:32:52,680 --> 00:32:55,720 will and that that really is and then you keep holding this bag. 650 00:32:55,720 --> 00:32:59,840 So like the idea like you know I totally agree OV that we want 651 00:32:59,840 --> 00:33:02,800 this to be adoption but it's it's possible that adoption's 652 00:33:02,800 --> 00:33:04,560 still like 1012 years away right. 653 00:33:04,800 --> 00:33:08,320 So we so it we might need to like still be patient in this so 654 00:33:08,320 --> 00:33:12,480 we might go to 250 go back down to 80 while that still sounds 655 00:33:12,480 --> 00:33:14,800 amazing for us there's still time for it. 656 00:33:14,960 --> 00:33:18,480 So I I I have to say like with what what Rule is saying is just 657 00:33:18,480 --> 00:33:22,640 to give everybody a heads up the the to get caught in that moment 658 00:33:22,640 --> 00:33:26,600 is just very very tough and I I I I felt it many times. 659 00:33:26,680 --> 00:33:28,400 What's your answer to that row? Where, where? 660 00:33:28,400 --> 00:33:30,240 Where do you stand them? So the last time I didn't sell 661 00:33:30,280 --> 00:33:32,240 at all. And this time around, you know, 662 00:33:32,240 --> 00:33:35,400 I've been thinking this is I will just take some off for 663 00:33:35,400 --> 00:33:38,880 lifestyle chips probably at the end of this year just in time 664 00:33:38,880 --> 00:33:41,680 and not price just because there's some lifestyle chips I 665 00:33:41,680 --> 00:33:44,760 want to take off and then I'll run it and if it ends up being a 666 00:33:44,760 --> 00:33:46,000 bubble cycle, I'll take some more off. 667 00:33:46,000 --> 00:33:47,840 If it's a normal cycle, I'll just run it. 668 00:33:49,000 --> 00:33:52,680 And the other thing, the other strategy I've got is and Benny's 669 00:33:52,680 --> 00:33:55,800 aware of this, I've been talking to him about this is like I now 670 00:33:55,800 --> 00:33:58,760 starting to think that the top of the entire investment pyramid 671 00:33:58,760 --> 00:34:04,160 is the Super high end Arts NFTS of the O GS and that's where you 672 00:34:04,600 --> 00:34:08,520 to put savings into. So you you just keep peeling off 673 00:34:08,520 --> 00:34:12,840 savings putting them into that. You know there's OV with a auto 674 00:34:12,840 --> 00:34:14,239 glyph behind him. You know it's. 675 00:34:14,600 --> 00:34:16,040 A guy behind you? Actually I was looking. 676 00:34:16,360 --> 00:34:19,120 I saw the red guy. There it is, looking at the 677 00:34:19,120 --> 00:34:22,920 overalls, right hand, shoulder. Look at that beautiful red guy, 678 00:34:22,920 --> 00:34:25,719 I think. That's that's how I'm thinking 679 00:34:25,719 --> 00:34:27,239 for this. So I've actually been already 680 00:34:27,239 --> 00:34:30,239 buying NFTS because they're still cheap in cycle terms. 681 00:34:30,600 --> 00:34:32,960 So I've been buying some X copy and some B pull and stuff like 682 00:34:32,960 --> 00:34:38,400 that and then and then yeah, end of year I'll take some off 683 00:34:38,440 --> 00:34:41,159 regardless of price. Can I ask you about something? 684 00:34:41,480 --> 00:34:42,920 Or Amanda, do you want to touch? I was. 685 00:34:42,920 --> 00:34:45,159 Just going to say that, I would just echo that like people would 686 00:34:45,159 --> 00:34:47,679 talk about DCA ING in. I think the best thing is the 687 00:34:47,679 --> 00:34:51,280 DCA out everyone the worst thing you can, you've timed the top 688 00:34:51,560 --> 00:34:54,040 and then it goes higher and higher and higher like best 689 00:34:54,040 --> 00:34:56,520 thing to do is right. I think we're in the top period 690 00:34:56,520 --> 00:34:58,400 here. Like let's say this period is 691 00:34:58,400 --> 00:35:00,680 going to last for a year, six months. 692 00:35:00,760 --> 00:35:02,840 Like if you start to feel like it really frothy, you know 693 00:35:02,840 --> 00:35:05,800 Coinbase is #1 on the App Store regularly. 694 00:35:06,440 --> 00:35:08,600 Maybe you think like over the next three months, I'll sell a 695 00:35:08,600 --> 00:35:10,880 bit each day and then the stress is kind of gone. 696 00:35:10,880 --> 00:35:12,880 If it keeps going great, like you're just selling out a little 697 00:35:12,880 --> 00:35:16,080 bit and. By the way, the Coinbase app 698 00:35:16,080 --> 00:35:17,480 thing won't work this time around. 699 00:35:18,040 --> 00:35:19,440 Oh no. The reason? 700 00:35:19,840 --> 00:35:26,280 Because there's 108 million accounts and there's like 10 701 00:35:26,280 --> 00:35:28,240 million actives. 12 million actives. 702 00:35:29,080 --> 00:35:34,440 You can't get another 100,000,200 million, right? 703 00:35:34,440 --> 00:35:36,920 You're unlikely to see the rate of growth, so you're going to 704 00:35:36,960 --> 00:35:39,120 have to find people. People will just. 705 00:35:39,120 --> 00:35:40,480 Reactivate their existing accounts. 706 00:35:40,520 --> 00:35:43,600 Yeah, they did it last time. So we have to find a different 707 00:35:43,600 --> 00:35:45,080 measure. Unfortunately, if you can, you 708 00:35:45,080 --> 00:35:48,800 can get it in their in their quarterly statements, the number 709 00:35:48,800 --> 00:35:50,920 of active accounts. I think once that starts getting 710 00:35:50,920 --> 00:35:54,920 close to the, you know, above 50 million, you know you're you've 711 00:35:54,920 --> 00:35:58,320 got a really frothy market. I I have the top signal if 712 00:35:58,320 --> 00:36:01,800 everybody wants it. When my mother-in-law asks me 713 00:36:01,800 --> 00:36:06,360 about crypto or NFTS, that and I and I tweet that you should all 714 00:36:06,360 --> 00:36:08,800 sell. But what I'm doing is so I told 715 00:36:08,800 --> 00:36:11,640 my wife that I can't. I can't actually talk to my 716 00:36:11,640 --> 00:36:15,720 mother-in-law, so I'm ignoring her until I feel like I'm 717 00:36:15,720 --> 00:36:17,880 getting close enough that I've made enough money in the market. 718 00:36:17,880 --> 00:36:19,480 And then? Just hang up. 719 00:36:19,480 --> 00:36:21,520 When she calls, just hang up. Exactly. 720 00:36:21,640 --> 00:36:24,400 Another great signal is is sitting right in front of you 721 00:36:24,400 --> 00:36:29,560 guys whenever you hear me saying like absurd shit like last cycle 722 00:36:29,560 --> 00:36:33,080 at the top of NFT in November. All the time. 723 00:36:33,080 --> 00:36:33,680 Dude. Every. 724 00:36:33,800 --> 00:36:34,320 Single. Day. 725 00:36:34,640 --> 00:36:36,960 Like absurd level. It's meaning like I looked at 726 00:36:36,960 --> 00:36:41,280 Danny seed phrase in the eyes in November 2021 and I said there 727 00:36:41,280 --> 00:36:45,040 will never be a bear market for the rest of the world ever. 728 00:36:45,560 --> 00:36:48,040 And he went upstairs to his room and he sold it all and I bag 729 00:36:48,040 --> 00:36:51,240 held it all down millions. I don't know what just happened 730 00:36:51,240 --> 00:36:52,880 to my camera but there's there's signals everywhere. 731 00:36:52,880 --> 00:36:55,120 But you know I do say absurd stuff because I do think like 732 00:36:55,120 --> 00:36:59,000 there's this is going to be an absurd cycle of it's the retail 733 00:36:59,000 --> 00:37:00,560 cycle. It's the redacted cycle. 734 00:37:00,720 --> 00:37:02,280 It's that cycle. Rel. 735 00:37:02,280 --> 00:37:04,160 I want to ask you something quickly on NFTS because you went 736 00:37:04,160 --> 00:37:05,920 there, I saw you in the business. 737 00:37:05,920 --> 00:37:08,520 You're in the business of buying an X copy edition of 10. 738 00:37:09,160 --> 00:37:11,760 I know, went back and forth about the doomed and whatnot, 739 00:37:12,040 --> 00:37:15,400 but you did say that at the end of the day, the top of the 740 00:37:15,400 --> 00:37:17,800 following was art and NFTS, right? 741 00:37:17,800 --> 00:37:20,080 Or the bottom front on top of anyways, no matter how you put 742 00:37:20,080 --> 00:37:22,400 the pyramid. Do you want to expand on that? 743 00:37:22,400 --> 00:37:23,960 Maybe Like, how do you feel we are? 744 00:37:24,160 --> 00:37:26,200 There's a lot of negative sentiment right now about ETH 745 00:37:26,200 --> 00:37:28,720 NFTS with the ordinals. Are you looking to ordinals 746 00:37:28,720 --> 00:37:30,080 yourself? Like where do you stand on the 747 00:37:30,080 --> 00:37:33,280 Global NFTS here? This is the big macro view. 748 00:37:33,280 --> 00:37:37,040 And you know, obviously I've understood NFTS for a long time 749 00:37:37,040 --> 00:37:40,040 and where they fit in, but I didn't have the macro. 750 00:37:40,320 --> 00:37:42,840 I even understood how to price him on a macro framework. 751 00:37:42,840 --> 00:37:47,560 But a bigger thing is that if this space, if I'm right, this 752 00:37:47,560 --> 00:37:51,880 space goes from 2 trillion to 10 trillion to 100 trillion to 200 753 00:37:51,880 --> 00:37:55,240 trillion, right? That's what I kind of think the 754 00:37:55,240 --> 00:37:59,480 magnitude of wealth that this space creates over the next 1020 755 00:37:59,480 --> 00:38:05,440 years is the largest the world has ever seen in the shortest 756 00:38:05,440 --> 00:38:07,560 period of time. Wealth gets recycled. 757 00:38:08,120 --> 00:38:10,960 Now, if you ask anybody I've thought about this, I'm like, 758 00:38:11,120 --> 00:38:12,600 OK, what do I do at the end of this cycle? 759 00:38:12,600 --> 00:38:14,960 If I take a ton of money, if I took all my money off the table, 760 00:38:15,600 --> 00:38:18,280 what would I invest it in? That's a really fucking hard 761 00:38:18,280 --> 00:38:21,400 question. Yeah, right. 762 00:38:21,400 --> 00:38:23,920 Do you want to buy equities? No, not with AI coming. 763 00:38:23,920 --> 00:38:25,880 I just don't even know what businesses look like. 764 00:38:26,040 --> 00:38:29,160 You know, there's a lot of real structural issues out there. 765 00:38:29,160 --> 00:38:30,720 Do you want to buy Treasury bonds? 766 00:38:31,160 --> 00:38:33,280 Real estate? Well, you know, yes. 767 00:38:33,280 --> 00:38:36,680 Iranian dude. Rolexes, I Don't know, Iranian. 768 00:38:38,320 --> 00:38:40,560 Uranium. But you know, you get to the 769 00:38:40,560 --> 00:38:44,720 idea that in a digital world, in a world where a lot of people 770 00:38:44,720 --> 00:38:48,960 have created wealth, in this digital world, art and tokenized 771 00:38:48,960 --> 00:38:52,560 culture makes a lot of sense. And if you look back over the 772 00:38:52,600 --> 00:38:57,440 periods of fine art, if you look at, you know, if you look at why 773 00:38:57,440 --> 00:39:00,280 is Damien Hirst a very valuable artist in the UK? 774 00:39:00,280 --> 00:39:04,440 Well, I was that period of late 90s in the UK and it was fucking 775 00:39:04,440 --> 00:39:06,720 wild. It was the cultural epicentre of 776 00:39:06,720 --> 00:39:10,040 the world. Damien Hirst was tokenized 777 00:39:10,040 --> 00:39:13,200 culture, The Blur. They were Oasis, all of that was 778 00:39:13,200 --> 00:39:15,160 that one thing, you know, the Fat Boy, Slim. 779 00:39:15,160 --> 00:39:21,040 It was all that Damien Hirst is that Warhol is that baskets, 780 00:39:21,040 --> 00:39:24,240 that Banksy is that. They're all that. 781 00:39:24,920 --> 00:39:30,120 So we will all look back on this period of time and these things 782 00:39:30,120 --> 00:39:34,160 will be very valuable to us. I like that movie. 783 00:39:35,480 --> 00:39:36,200 Oh, go on, Arrow. Sorry. 784 00:39:37,680 --> 00:39:39,680 And. That's that makes sense, right? 785 00:39:40,160 --> 00:39:42,120 And that's the point. And, and it always happens. 786 00:39:42,120 --> 00:39:45,760 If you look at Stevie Cohen, in the end you get there's there's 787 00:39:45,760 --> 00:39:48,520 a limit to the number of houses people buy or whatever, right, 788 00:39:48,800 --> 00:39:50,440 Because they're expensive to maintain. 789 00:39:50,440 --> 00:39:53,560 People buy art. They always have and they always 790 00:39:53,560 --> 00:39:56,920 will. So it just at a very, very 791 00:39:56,920 --> 00:39:59,840 simple philosophical level, I just thought, you know what this 792 00:39:59,840 --> 00:40:01,680 is. I get where this is going to go. 793 00:40:01,920 --> 00:40:07,160 And really when you look at it, the O GS of the very beginning. 794 00:40:08,200 --> 00:40:12,520 There's very few, there's very few who started this whole 795 00:40:12,520 --> 00:40:16,400 movement that influence everybody else. 796 00:40:17,280 --> 00:40:19,320 Doesn't mean that everybody else is not valuable or whatever 797 00:40:19,320 --> 00:40:21,040 else. But there's there's literally. 798 00:40:21,040 --> 00:40:24,440 That makes sense. Six people who seeded 799 00:40:24,520 --> 00:40:26,720 everything. That's, I mean, that's 800 00:40:26,720 --> 00:40:29,840 fascinating. And we're all 1° of separation 801 00:40:29,840 --> 00:40:32,040 from all of them right now, which will never happen again. 802 00:40:32,760 --> 00:40:35,240 Never have you heard of this artist called OSF. 803 00:40:35,840 --> 00:40:37,280 And I heard he's not bad himself. 804 00:40:37,880 --> 00:40:39,520 He's all right. He's all right. 805 00:40:39,520 --> 00:40:41,080 He's all right. Do you have, you have a couple 806 00:40:41,080 --> 00:40:41,960 red guys? We see you. 807 00:40:42,080 --> 00:40:42,560 We see. You. 808 00:40:42,560 --> 00:40:45,280 Of course I do. Ralph's infamous in the Red Guy 809 00:40:45,280 --> 00:40:48,040 community, yeah. I was straight in there and I've 810 00:40:48,160 --> 00:40:50,080 always supported the Red guy community. 811 00:40:50,200 --> 00:40:52,160 Thought for a while. He was the patron, right? 812 00:40:52,840 --> 00:40:55,040 It's true. You thought you thought that was 813 00:40:55,040 --> 00:40:57,240 bloody? We didn't know. 814 00:40:57,320 --> 00:40:59,240 We thought, Henry, we thought. We thought it was Hugh Hendry, 815 00:40:59,240 --> 00:41:00,800 we thought. It was Hugh Henry for a long. 816 00:41:02,000 --> 00:41:04,000 Time it's. Not, no, it's not. 817 00:41:04,160 --> 00:41:06,760 Actually, no it's not. We actually tried to interview 818 00:41:06,760 --> 00:41:08,560 Hugh Henry to find out, but it's actually. 819 00:41:08,880 --> 00:41:11,520 Alexander Arno. It's actually Alexander Arno. 820 00:41:12,520 --> 00:41:14,240 That's that's that's why I'm hearing. 821 00:41:14,400 --> 00:41:15,560 Did you know Raul? By the way, Speaking of 822 00:41:15,560 --> 00:41:18,720 Alexander, Arno, Art and Parks, did you not Ovi bought the alien 823 00:41:18,720 --> 00:41:22,040 the other day? I saw that I was like Ovi, well 824 00:41:22,040 --> 00:41:23,920 done. But that's, you know, small fry 825 00:41:23,920 --> 00:41:25,680 for you these days. He does. 826 00:41:25,880 --> 00:41:27,240 That's like half of his whiff bag. 827 00:41:27,360 --> 00:41:28,520 Like true. OK. 828 00:41:28,560 --> 00:41:32,280 Here's a question for everybody. Who's going to be become the 829 00:41:32,280 --> 00:41:38,600 main character this cycle? We asked him to do on yesterday. 830 00:41:38,600 --> 00:41:40,360 Yeah, I think ansome is probably up there. 831 00:41:40,360 --> 00:41:43,000 Especially it's ansome is kind of like levered to Solana. 832 00:41:43,520 --> 00:41:46,960 If Solana becomes the dying of of the cycle, which it has a 833 00:41:46,960 --> 00:41:49,320 strong chance of doing, because I think it it could repeat what 834 00:41:49,320 --> 00:41:53,200 ETH repeat what ETH did in 2021, then ansome is going to be, you 835 00:41:53,200 --> 00:41:55,400 know the the star behind that, I think. 836 00:41:55,960 --> 00:41:57,880 I think he's up there for for #1. 837 00:41:58,400 --> 00:42:01,000 Because it's it's TER you know again we're we're kind of early 838 00:42:01,000 --> 00:42:04,480 so we don't know but it's the most dangerous place in the 839 00:42:04,480 --> 00:42:07,360 world to be is that. You fancy being main character. 840 00:42:08,040 --> 00:42:10,280 Do you fancy it? I feel like you had you like 841 00:42:10,280 --> 00:42:12,760 your name might be mentioned. If Solana keeps going right, 842 00:42:12,760 --> 00:42:16,880 like you, you would also be. You're the Solana Turbo ball, 843 00:42:16,880 --> 00:42:20,200 Raul. I'm trying to be less active the 844 00:42:20,200 --> 00:42:23,960 more it goes up. Ask Mark because you know it's 845 00:42:23,960 --> 00:42:30,080 that dollar cost average out of of your forcefulness on it all. 846 00:42:30,080 --> 00:42:33,040 You know, I think I played my role but I I don't want to. 847 00:42:33,440 --> 00:42:36,040 It won't Doesn't mean I won't be bull pumping on the way through, 848 00:42:36,040 --> 00:42:38,480 but I'm just you've got to be careful. 849 00:42:39,240 --> 00:42:41,360 Honestly, I don't think there's going to be 1. 850 00:42:41,480 --> 00:42:43,120 Thing you can tell it's terrible. 851 00:42:43,120 --> 00:42:44,320 Oh yeah, it's horrible. Horrible, right? 852 00:42:44,320 --> 00:42:44,800 It's. Horrible. 853 00:42:44,800 --> 00:42:46,920 If you were having a glass of wine, it'd be entirely different 854 00:42:46,920 --> 00:42:47,880 story. We can. 855 00:42:48,200 --> 00:42:51,640 I mean it's what's well it's 11:00 AM here but maybe the lads 856 00:42:52,040 --> 00:42:54,240 down there can have some like 5:00 PM for them. 857 00:42:54,240 --> 00:42:56,000 But you know I don't think there's going to be 1 main 858 00:42:56,000 --> 00:42:58,280 character boys like I think it's going to be we're we're getting 859 00:42:58,280 --> 00:42:59,800 so big adoption wise like you're right. 860 00:42:59,800 --> 00:43:01,560 Like Ansim is like the main character for memes and like 861 00:43:01,560 --> 00:43:03,640 Salon Eco, but it was like checking. 862 00:43:03,840 --> 00:43:08,280 In years time, yeah. When Bitcoin's at 250,000 and 863 00:43:08,280 --> 00:43:10,360 everyone's lost their fucking minds. 864 00:43:11,120 --> 00:43:12,360 Let's see who the main character? 865 00:43:12,360 --> 00:43:14,040 We don't know. We haven't got the Michael 866 00:43:14,080 --> 00:43:16,280 Saylor of this cycle. We haven't got any of these. 867 00:43:16,280 --> 00:43:20,440 People that's that's OSF and Mando, don't worry, that's their 868 00:43:20,440 --> 00:43:23,840 I don't think, look, I don't think there's been one main 869 00:43:23,840 --> 00:43:26,040 character, but there's going to be a lot of characters at play 870 00:43:26,640 --> 00:43:31,840 here and it's going to get very interesting in very, very quick 871 00:43:31,840 --> 00:43:33,880 anyways. Wow, I just, I haven't realized. 872 00:43:33,880 --> 00:43:35,600 We've been jamming for like almost an hour now. 873 00:43:37,880 --> 00:43:39,320 Amanda Ovi. Anything else you want to ask 874 00:43:39,320 --> 00:43:40,640 for, Raul or things you want to touch on? 875 00:43:40,680 --> 00:43:43,280 I feel like we really went around Solana NFTS. 876 00:43:43,320 --> 00:43:45,280 He never told us the contract address. 877 00:43:45,400 --> 00:43:46,320 Like what? What are the? 878 00:43:46,320 --> 00:43:48,720 What are the? What is the contract address, 879 00:43:49,040 --> 00:43:50,160 Raul? What are we buying? 880 00:43:51,520 --> 00:43:53,280 Raul with hat, is that coming out anytime? 881 00:43:54,360 --> 00:43:57,520 Soon I was thinking, so I just launched the DTFU. 882 00:43:57,520 --> 00:44:00,040 You know, don't fuck this up. Mean coin be. 883 00:44:00,600 --> 00:44:02,960 Careful, someone's about to launch it right now on Solana. 884 00:44:02,960 --> 00:44:04,400 Like it's like a copy. Paste, I know. 885 00:44:04,400 --> 00:44:06,320 And then claim that it was me who launched it. 886 00:44:06,320 --> 00:44:09,600 Then you know and it goes to 0. But maybe I wonder if there's a 887 00:44:09,600 --> 00:44:12,120 way of launching a -1 so you need to short it. 888 00:44:13,520 --> 00:44:14,560 Negative. We could try. 889 00:44:14,720 --> 00:44:16,800 We could try. I know a guy, so hold on. 890 00:44:17,360 --> 00:44:19,520 Hold on, hold on. In case of an investigation by 891 00:44:19,560 --> 00:44:22,840 any federal entity or similar, I do not have any involvement with 892 00:44:22,840 --> 00:44:24,200 this group or with the people in it. 893 00:44:24,680 --> 00:44:27,160 I do not know how I'm here. I'm probably added by a third 894 00:44:27,200 --> 00:44:29,400 party. I do not support any members by 895 00:44:29,400 --> 00:44:31,800 any actions of this group. Listen, Raul, this is not like 896 00:44:32,200 --> 00:44:36,160 OG 2021 NFT face milk, pouring head Faroque. 897 00:44:36,160 --> 00:44:39,560 This is like President arc the Crypt rug radio, fucking at 898 00:44:39,560 --> 00:44:40,880 tech. All this stuff, Faroque. 899 00:44:41,280 --> 00:44:42,920 I'm not getting involved in this shit. 900 00:44:47,320 --> 00:44:50,320 I've been main character before. I've been this and that. 901 00:44:50,320 --> 00:44:51,560 It's not happening. I'm good. 902 00:44:51,640 --> 00:44:53,960 I'm good. We don't want it. 903 00:44:53,960 --> 00:44:57,160 We don't want it. But look, Raul, maybe like, 904 00:44:57,160 --> 00:45:00,840 before we take off, like I want to hear, maybe give us your 905 00:45:00,840 --> 00:45:03,160 three wildest predictions for this cycle. 906 00:45:03,160 --> 00:45:05,640 Doesn't have to be this year, could be one or two, could be 907 00:45:05,640 --> 00:45:07,640 10. And maybe, hey, let's give real 908 00:45:07,640 --> 00:45:09,720 vision some love. Like, what's next for real 909 00:45:09,720 --> 00:45:11,880 vision? How do people keep up with what 910 00:45:11,880 --> 00:45:14,840 you guys are doing, you know? So my wildest prediction is 911 00:45:14,840 --> 00:45:18,320 basically, look, it's just don't fuck this up. 912 00:45:18,320 --> 00:45:21,000 I'm going to keep saying it. It's so simple. 913 00:45:21,000 --> 00:45:25,920 It's just don't do anything. Look, this show is all great fun 914 00:45:25,920 --> 00:45:29,880 and we all talk about stuff. Pretty much everybody here is 915 00:45:29,880 --> 00:45:35,400 actually only trading, messing around with a smaller part of 916 00:45:35,400 --> 00:45:38,320 their position. Really we're actually just 917 00:45:38,320 --> 00:45:43,000 holding our core positions where we have beliefs and that is 918 00:45:43,000 --> 00:45:46,440 really the key thing. And you know, yes, you know, 919 00:45:46,440 --> 00:45:48,880 role bit's a sponsor. Yes, people use leverage. 920 00:45:49,200 --> 00:45:52,840 Yes, everybody here is ex financial markets, right. 921 00:45:53,000 --> 00:45:54,160 Everybody knows how to use leverage. 922 00:45:54,280 --> 00:45:57,680 I don't use leverage, but you know, again, you can do it on 923 00:45:57,680 --> 00:45:59,840 the small bag, you can learn the game. 924 00:46:00,200 --> 00:46:05,320 But just this is the biggest crypto has been and remains the 925 00:46:05,320 --> 00:46:08,240 biggest macro opportunity we have ever been given. 926 00:46:08,400 --> 00:46:11,440 It's the best performing asset of all time in the fastest 927 00:46:11,440 --> 00:46:13,680 period of time. This is the big one. 928 00:46:13,880 --> 00:46:16,960 This is the one where you don't get a chance to bitch. 929 00:46:17,640 --> 00:46:20,080 We didn't get a chance. They got rich. 930 00:46:20,680 --> 00:46:25,120 Every single person on Earth can put 10% of their weekly paycheck 931 00:46:25,120 --> 00:46:27,960 into this. So we're all on a level playing 932 00:46:27,960 --> 00:46:31,720 field. So the key thing is not lose 933 00:46:31,720 --> 00:46:35,520 control of your tokens. So that's, that's really it. 934 00:46:35,600 --> 00:46:37,360 And you'll be fine. You'll be fine. 935 00:46:37,360 --> 00:46:40,120 Just don't get too greedy. You'll be fine over time. 936 00:46:40,880 --> 00:46:45,240 So yeah, that's the main thing. And look, real vision. 937 00:46:45,240 --> 00:46:48,040 Part of that is really trying to help people in this. 938 00:46:48,320 --> 00:46:52,040 You know, Commando and Ovi have been really gracious for their 939 00:46:52,040 --> 00:46:55,720 time trying to help people really, you know, they've, 940 00:46:56,200 --> 00:47:00,040 they've helped us create an education product to to educate 941 00:47:00,040 --> 00:47:04,000 people and also been on the platform a lot to help people. 942 00:47:04,360 --> 00:47:06,960 So you know, people just come across it's free realvision.com, 943 00:47:07,520 --> 00:47:09,880 you can go to the crypto gathering, everybody was there 944 00:47:10,640 --> 00:47:15,080 again, trying to educate people so you can learn the tools that 945 00:47:15,080 --> 00:47:20,240 you need and meet people on the platform, find your community, 946 00:47:20,440 --> 00:47:23,880 enjoy yourselves. And if you do that, you'll have 947 00:47:23,880 --> 00:47:27,280 the kind of knowledge, tools and network, and it'll definitely 948 00:47:27,280 --> 00:47:28,880 increase your probability of success. 949 00:47:30,360 --> 00:47:34,400 And with that, I think this is a great place to call it off. 950 00:47:34,440 --> 00:47:38,520 Raul, thank you so much. I just so you know, we've broken 951 00:47:38,520 --> 00:47:41,120 every high ever for this show. You can, I don't know if you can 952 00:47:41,120 --> 00:47:44,600 see, but at the top I can 12,000 live viewers on video at the 953 00:47:44,600 --> 00:47:45,560 moment. Oh, wow. 954 00:47:46,120 --> 00:47:48,400 Thousand more on spaces. I'm like. 955 00:47:48,880 --> 00:47:50,480 I look, and I bought that for you, right? 956 00:47:50,480 --> 00:47:52,360 I wore that brought it out The return. 957 00:47:52,440 --> 00:47:54,600 You buy that. Like, who sells that top? 958 00:47:55,600 --> 00:47:56,880 Let's see on the real vision merch. 959 00:47:56,880 --> 00:47:58,360 Site Oh, is it a real vision merch? 960 00:47:59,080 --> 00:48:01,120 Real vision merch. Where do we get it? 961 00:48:01,160 --> 00:48:02,680 Let's do let's promote this right now. 962 00:48:02,680 --> 00:48:04,800 Let's do it. Well, I might buy myself one of 963 00:48:04,800 --> 00:48:05,960 those. I might buy myself. 964 00:48:06,320 --> 00:48:07,960 Don't fuck this up merch as well. 965 00:48:07,960 --> 00:48:11,320 So if you go to the go to real.com, go to the merch store. 966 00:48:12,640 --> 00:48:14,600 Where? You'll have to. 967 00:48:14,600 --> 00:48:17,200 You haven't logged in so. Oh yeah, you log in and 968 00:48:17,240 --> 00:48:19,760 everything. OK, I will log in and I will go 969 00:48:19,760 --> 00:48:21,960 to the store. So you make an account y'all and 970 00:48:22,360 --> 00:48:24,160 you've. Got I've got hoodies with Don't 971 00:48:24,160 --> 00:48:27,040 Fuck This Up on T-shirts. And then there's a whole bunch 972 00:48:27,040 --> 00:48:28,840 of other stuff like Irresponsibly long. 973 00:48:29,520 --> 00:48:32,120 Then you know what? You'll see us wearing that 974 00:48:32,120 --> 00:48:33,080 hoodie. Maybe I'll buy. 975 00:48:33,200 --> 00:48:35,400 Vintage. Now these are vintage, right? 976 00:48:35,640 --> 00:48:38,240 I got crucified for this on the Internet last time around. 977 00:48:39,920 --> 00:48:43,880 It's like it's iconic now. I love that that you say you 978 00:48:43,880 --> 00:48:44,600 wear. Everyday. 979 00:48:45,920 --> 00:48:48,320 Rose like I don't, I don't wear use leverage. 980 00:48:48,320 --> 00:48:54,320 I wear it. So anyways to the 12,200 people 981 00:48:54,320 --> 00:48:58,040 watching us live, make sure that you follow Raul GMI on X. 982 00:48:58,200 --> 00:49:01,560 Make sure you follow at FOMO hour where like every single 983 00:49:01,560 --> 00:49:05,080 Monday to Friday 10:30 AM Eastern Standard Time to 11:30 984 00:49:05,080 --> 00:49:07,400 AM Eastern Standard Time. We've been hosting over 600 985 00:49:07,400 --> 00:49:10,040 shows. 600. We're over 600 days in a row 986 00:49:10,040 --> 00:49:10,360 now. Man. 987 00:49:11,000 --> 00:49:13,760 Raul, it was Jam and FTS Jam within a formal hour. 988 00:49:14,040 --> 00:49:15,800 Bull bear this. Is how you do it. 989 00:49:15,880 --> 00:49:17,600 This is how you do it. This is how you do it. 990 00:49:17,600 --> 00:49:19,480 What on guys. Always a pleasure to see you 991 00:49:19,640 --> 00:49:21,920 all. See you in the flesh somewhere 992 00:49:21,920 --> 00:49:24,120 soon in the world. Are you anybody going to Dubai? 993 00:49:24,120 --> 00:49:26,240 Token 24. Yes, Sir, we shall be there. 994 00:49:27,000 --> 00:49:28,400 Yeah, I was just planning that with the. 995 00:49:28,400 --> 00:49:30,160 Team to see you there. Well, we'll see you in Dubai. 996 00:49:31,000 --> 00:49:32,360 Thanks for coming, man. Appreciate you. 997 00:49:33,880 --> 00:49:36,120 Wow boys. What a what an episode. 998 00:49:36,120 --> 00:49:39,760 What a show what a time. You know we saw 12,000 people. 999 00:49:39,760 --> 00:49:42,160 So I'm quick gonna, you know, say make sure you follow OSF. 1000 00:49:42,160 --> 00:49:45,080 Make sure you follow Mando. Make sure you follow myself on 1001 00:49:45,080 --> 00:49:50,640 on on on on X make sure you follow at formal hour we're live 1002 00:49:50,640 --> 00:49:53,000 every single day both on the Rugby YouTube but also on video 1003 00:49:53,000 --> 00:49:55,520 on here. We show up, we pull up, we talk 1004 00:49:55,560 --> 00:49:57,760 crypto news we talk daily macro news. 1005 00:49:57,760 --> 00:50:00,320 We talk memes. We talk NFTS all with good 1006 00:50:00,320 --> 00:50:03,080 laughs and good hearts. NFTS are whatever you want it. 1007 00:50:03,320 --> 00:50:05,960 You got it. And yes Yannick's asking rug 1008 00:50:05,960 --> 00:50:08,080 video. Raul is a rug video holder 1009 00:50:08,360 --> 00:50:10,440 himself and a great friend of all of ours. 1010 00:50:10,440 --> 00:50:14,080 I know I say I give $250 away. How do we pick. 1011 00:50:14,080 --> 00:50:16,040 Let's just pick someone quickly right now like on that's 1012 00:50:16,040 --> 00:50:18,560 watching like on video or something like I I'll just like 1013 00:50:18,720 --> 00:50:20,120 I don't know I don't know how to do this. 1014 00:50:20,720 --> 00:50:25,120 I'm trying to end it. But but we'll we'll pick someone 1015 00:50:25,120 --> 00:50:26,920 same same when we how do we undo this. 1016 00:50:27,480 --> 00:50:28,920 Let me just pick someone real quick. 1017 00:50:31,560 --> 00:50:33,160 Nope. Nope, Never mind. 1018 00:50:33,160 --> 00:50:35,720 But anyways, where's Sibs? Is he back? 1019 00:50:35,720 --> 00:50:37,320 There he is. Do the phone, do the phone? 1020 00:50:38,080 --> 00:50:40,040 Do the phone just. Just get Mando to pick a number 1021 00:50:40,040 --> 00:50:42,000 and well, Mando will say stop as you go up and down. 1022 00:50:42,200 --> 00:50:43,840 OK, you know what? Here's a go Mando. 1023 00:50:43,840 --> 00:50:45,800 Tell me when to stop. Now. 1024 00:50:47,280 --> 00:50:51,160 Yep, here it was. Case Kazi Kamakazi. 1025 00:50:51,160 --> 00:50:53,600 Kamakazi with the mutant Ape comic. 1026 00:50:53,600 --> 00:50:56,000 Kazi with the Muna Ape. Our team at four more hours is 1027 00:50:56,000 --> 00:50:59,800 going to reach out to you just won $250 for listening to the 1028 00:50:59,800 --> 00:51:02,400 show tomorrow. Tomorrow we'll be live. 1029 00:51:02,560 --> 00:51:03,960 My boys are not going to be there. 1030 00:51:04,200 --> 00:51:07,720 But we'll be replaced for the day by ice bags and by these who 1031 00:51:07,720 --> 00:51:10,720 will becoming Co host with me. And we're ripping $10,000 worth 1032 00:51:10,760 --> 00:51:13,480 of loot box bins with our partners at Robit tomorrow. 1033 00:51:13,480 --> 00:51:16,120 So let's get ready. And with that, with that, with 1034 00:51:16,120 --> 00:51:18,440 that, we'll see out tomorrow morning, 10:30 AM Eastern 1035 00:51:18,440 --> 00:51:21,280 Standard Time, 7:30 AM Pacific Standard Time for the episode of 1036 00:51:21,280 --> 00:51:24,680 FOMO Hour on rock radio. Let's go.