1 00:00:00,200 --> 00:00:01,600 Yo, what up? What up? 2 00:00:01,600 --> 00:00:10,920 Good morning, good morning GMG. Monday. 3 00:00:11,720 --> 00:00:14,480 No what the fuck I like to work with Monday. 4 00:00:17,360 --> 00:00:19,960 Tuesday, same thing. Honestly, same thing. 5 00:00:20,520 --> 00:00:28,160 Just as busy. August 12, 2024 444 Look at that 6 00:00:28,320 --> 00:00:34,880 another beautiful day. To have a beautiful day I got to 7 00:00:34,880 --> 00:00:37,240 cook my cocks in the house. Tyler, Amanda, how you guys 8 00:00:37,240 --> 00:00:40,800 doing today? Great man, how are you? 9 00:00:43,880 --> 00:00:45,880 I'm good, I'm good, I'm chilling. 10 00:00:45,880 --> 00:00:48,040 I slept, I slept good. I slept a lot. 11 00:00:48,080 --> 00:00:49,960 Tyler, how you doing? I was on with Tyler till like 12 00:00:49,960 --> 00:00:51,000 11:00 PM. Like good. 13 00:00:51,040 --> 00:00:53,720 A little tired this morning. We were up late listening to 14 00:00:53,720 --> 00:00:57,600 Elon and Trump ramble on for three hours last night. 15 00:00:57,720 --> 00:00:58,880 It. Really rambled. 16 00:00:59,160 --> 00:01:00,960 Huh. Like that was a yap fest, right? 17 00:01:01,760 --> 00:01:03,480 It was a yap fest. They ran around the horn, they 18 00:01:03,480 --> 00:01:04,800 went. Then they went around the horn 19 00:01:04,800 --> 00:01:07,120 again. They it was like. 20 00:01:07,560 --> 00:01:10,200 Twice. You know, it was like when 21 00:01:10,200 --> 00:01:13,600 Iranian people you want to say bye to your family and you're 22 00:01:13,680 --> 00:01:16,280 you're leaving a dinner at the house and you say bye every step 23 00:01:16,280 --> 00:01:17,960 of the way. We have a conversation every 24 00:01:17,960 --> 00:01:19,920 step on the way out. So like when they said they were 25 00:01:19,920 --> 00:01:22,120 done, it went for another like 35 minutes. 26 00:01:22,360 --> 00:01:24,520 We do the same thing. It's like, oh, yeah, thank you 27 00:01:24,520 --> 00:01:25,720 for having us. And they go to the front 28 00:01:25,720 --> 00:01:27,760 entrance while you put your shoes on in 25 minutes. 29 00:01:28,000 --> 00:01:30,960 Then you open the door, you go outside, you know, and then you, 30 00:01:31,040 --> 00:01:33,080 you, you, you have another half an hour outside. 31 00:01:33,080 --> 00:01:36,840 But yeah, that was that was a lot of rambling. 32 00:01:36,840 --> 00:01:39,680 It was some, some parts were entertaining, some parts were, 33 00:01:40,680 --> 00:01:44,480 you know, dragging. But but we, we, we listen, he 34 00:01:44,480 --> 00:01:46,120 said. The word tampon and you know. 35 00:01:47,360 --> 00:01:48,640 What? How did he say that? 36 00:01:48,720 --> 00:01:50,920 Like, I just woke up to that, That being the one that hit. 37 00:01:50,920 --> 00:01:54,800 I was like, what? So first of all, he said none of 38 00:01:54,800 --> 00:01:58,480 the words like the first hour and a half and we're like 2 1/2 39 00:01:58,520 --> 00:01:59,600 like, what, two hours in the stage? 40 00:01:59,640 --> 00:02:02,120 Tyler, Yeah. We're the waltz guy, right? 41 00:02:02,120 --> 00:02:03,960 Like he did that in Minnesota, Yeah. 42 00:02:04,200 --> 00:02:07,880 But The thing is like so that we were expecting him to hit weird 43 00:02:07,880 --> 00:02:10,880 tampon censorship, like when he was going to ramble to attack 44 00:02:10,880 --> 00:02:12,680 the left, like Bang Bang, bang, Bang Bang. 45 00:02:13,000 --> 00:02:15,440 And all of a sudden he did like he went on a fucking thing. 46 00:02:15,440 --> 00:02:18,720 Like over to this guy Tim Waltz. You know, he puts him 10 lbs in 47 00:02:18,720 --> 00:02:22,080 this bro. It hit and everybody went crazy. 48 00:02:23,200 --> 00:02:24,240 It was. Even crazier than that. 49 00:02:24,240 --> 00:02:27,320 I mean, he only talked about Tim Waltz for like 15 seconds in a 50 00:02:27,320 --> 00:02:31,200 three hour conversation. And in that 15 seconds, he he, 51 00:02:31,200 --> 00:02:33,960 he pulled out tampon. We got lucky there, Mando. 52 00:02:33,960 --> 00:02:36,720 Like, it was like the 15 seconds he talked about Tim Waltz 53 00:02:36,720 --> 00:02:38,080 because he didn't give him any time of day. 54 00:02:38,080 --> 00:02:42,240 By the way, they didn't really even talk much about Kamala. 55 00:02:42,640 --> 00:02:49,600 It was really about nuclear energy and Iran and North Korea. 56 00:02:50,720 --> 00:02:53,320 They went around the horn on like, I'd say like 6-6 or seven 57 00:02:53,320 --> 00:02:55,240 key issues. We could maybe get into it in a 58 00:02:55,240 --> 00:02:57,720 little bit. Yeah. 59 00:02:57,720 --> 00:02:59,360 Tell us more about Biden than Kamala. 60 00:03:00,080 --> 00:03:01,960 Yeah. I mean, tampon was down to 3%, I 61 00:03:01,960 --> 00:03:03,880 think. Live, it's like it. 62 00:03:03,880 --> 00:03:06,000 Before this speech, it was like 4 to one. 63 00:03:06,360 --> 00:03:10,120 It was down to like 30 to one. That's how unlikely it was. 64 00:03:10,120 --> 00:03:12,720 Oh my God. He didn't even say Tesla, for 65 00:03:12,720 --> 00:03:14,000 example. Like he was like, dude, he was 66 00:03:14,000 --> 00:03:16,040 beating around the Bush. Like you're like, how could you 67 00:03:16,040 --> 00:03:18,600 speak? Three hours with him and not, 68 00:03:18,600 --> 00:03:20,560 say, Tesla? That's the craziest part. 69 00:03:20,840 --> 00:03:22,960 That's the craziest part. He said so many words. 70 00:03:22,960 --> 00:03:25,920 He, he, he said hundreds of thousands of words because he's, 71 00:03:26,000 --> 00:03:27,320 he's, he dominated the conversation. 72 00:03:27,320 --> 00:03:30,800 It was Trump. Oh my God, 95% of the time. 73 00:03:30,800 --> 00:03:33,240 He long used one word. Yeah. 74 00:03:35,800 --> 00:03:36,920 Yeah. As far as the yeah coin didn't 75 00:03:36,920 --> 00:03:40,720 go higher, well. I'm sure we'll talk about it in 76 00:03:40,720 --> 00:03:45,200 your recap because it was a fun night overall, but there was not 77 00:03:45,200 --> 00:03:47,000 many coins. Actually, I think everybody was 78 00:03:47,000 --> 00:03:49,720 expecting a runner this morning. I think people are expecting to 79 00:03:49,720 --> 00:03:54,040 wake up to like a fifteen, $20 million coin and I don't think a 80 00:03:54,040 --> 00:03:57,520 single coin made it above like 2 mil and then like two of them. 81 00:03:58,000 --> 00:04:00,080 And then out of the two, they're probably at 0 to this morning. 82 00:04:00,080 --> 00:04:01,720 I haven't even checked yet. And she sat down. 83 00:04:01,920 --> 00:04:04,960 But anyways, sit down the show today, today Mando's market 84 00:04:04,960 --> 00:04:06,840 report will go over everything crypto macro. 85 00:04:06,840 --> 00:04:08,640 We got some numbers this morning, etcetera, etcetera, 86 00:04:08,640 --> 00:04:10,600 etcetera. Tyler's top 100. 87 00:04:10,600 --> 00:04:11,640 I'm sure we got a lot to talk about. 88 00:04:11,640 --> 00:04:15,920 We'll talk probably again about last night's lines and 89 00:04:15,920 --> 00:04:19,240 everything. It was it was a lot of fun. 90 00:04:19,240 --> 00:04:22,160 And then Robit loot box pins today. 91 00:04:22,160 --> 00:04:24,880 So 2 lucky winners, 2 lucky winners will be selected from 92 00:04:24,880 --> 00:04:26,280 the audience. You have to be listening to us 93 00:04:26,280 --> 00:04:28,720 live in the audience and you have to retweet the Twitter 94 00:04:28,720 --> 00:04:31,360 Spaces plus follow us and Robit without whom this wouldn't 95 00:04:31,360 --> 00:04:33,680 happen and you get picked. I think by next week we'll be 96 00:04:33,680 --> 00:04:37,120 able to have our own Wheel of Fortune, our own in house Wheel 97 00:04:37,120 --> 00:04:43,360 of Fortune to see, to see to to see who comes up to win. 98 00:04:43,360 --> 00:04:47,840 We got we got some nice. We got some nice stuff. 99 00:04:47,840 --> 00:04:49,480 I just did the loot box before coming on so. 100 00:04:49,480 --> 00:04:52,240 But anyways. Anyways, anyways, without 101 00:04:52,240 --> 00:04:54,360 further ado, let's get right into it. 102 00:04:58,840 --> 00:05:01,560 Who is the man Macro daddy of the land? 103 00:05:05,160 --> 00:05:07,600 Can you dig it? GM, everyone. 104 00:05:07,600 --> 00:05:09,160 So we did have a bit of a macro day today. 105 00:05:09,160 --> 00:05:12,640 We have PPI which came out. PPI came out slightly below 106 00:05:12,640 --> 00:05:16,480 expectations, about nought .2% below expectations, which is 107 00:05:16,480 --> 00:05:19,560 kind of on the cusp of oh, that's a little bit too low. 108 00:05:20,280 --> 00:05:23,680 Normally CPI misses by like nought .1 and everyone it rips. 109 00:05:24,000 --> 00:05:26,320 So people might be a little bit scared that we're seeing a slow 110 00:05:26,320 --> 00:05:28,280 down the economy again with that sort of a miss. 111 00:05:28,600 --> 00:05:32,400 We have CPI tomorrow, which which is normally the bigger of 112 00:05:32,400 --> 00:05:34,200 the two figures. So we'll see, we'll see how that 113 00:05:34,200 --> 00:05:37,320 one goes. But this is definitely indicated 114 00:05:37,320 --> 00:05:38,760 that rates are going to be start coming down. 115 00:05:38,760 --> 00:05:41,920 We saw yields drop, we saw stocks go higher on the back of 116 00:05:41,920 --> 00:05:44,920 that and we saw crypto also go go higher on the back of it. 117 00:05:45,080 --> 00:05:48,720 In terms of crypto specific things, Tether just minted 118 00:05:48,720 --> 00:05:50,960 another billion. Dollars. 119 00:05:51,920 --> 00:05:53,600 Billions. Billion. 120 00:05:53,760 --> 00:05:56,840 Interestingly, they actually burned 50 million on ETH. 121 00:05:58,480 --> 00:06:02,440 What does that mean? They minted, they're just moving 122 00:06:02,560 --> 00:06:04,280 obviously funds off chain as well. 123 00:06:04,280 --> 00:06:07,600 Like that's not a great sign for E that they're burning Tether on 124 00:06:07,680 --> 00:06:10,560 ETH and minting it elsewhere. But they minted another billion, 125 00:06:10,560 --> 00:06:13,200 which is like people got very bullish about a lot of people 126 00:06:13,200 --> 00:06:15,680 track the whole market based on stable coin inflows. 127 00:06:15,680 --> 00:06:18,680 And that's that's generally a good sign. 128 00:06:18,680 --> 00:06:22,560 It's been more more dependable to look at than let's say the 129 00:06:22,560 --> 00:06:28,160 ETF inflows yesterday. It's kind of an even bag, like 130 00:06:28,160 --> 00:06:31,160 Soleaf is now down about 10% from that local. 131 00:06:31,200 --> 00:06:36,160 High one more time it's. Bounced a little bit this 132 00:06:36,160 --> 00:06:38,520 morning, so it seems to be coming back. 133 00:06:39,560 --> 00:06:42,800 But yeah, that's majors are all kind of, there's not really much 134 00:06:42,800 --> 00:06:45,200 going on, to be honest. In terms of what I saw people 135 00:06:45,200 --> 00:06:47,240 now focused on. I would say the timeline's 136 00:06:47,240 --> 00:06:52,560 gotten particularly annoyed. Again, I would say, I think 137 00:06:52,960 --> 00:06:55,800 people aren't making money on meme coins, people are not 138 00:06:55,800 --> 00:07:00,120 making money on altcoins and they're getting chopped in 139 00:07:00,120 --> 00:07:01,840 majors. That's kind of where we're at. 140 00:07:02,960 --> 00:07:06,360 I think the, the, the number one tweet I saw was that some people 141 00:07:06,360 --> 00:07:09,280 are now looking at some of these really beaten down finance 142 00:07:09,520 --> 00:07:13,200 listed coins for this year or maybe even last year and 143 00:07:13,200 --> 00:07:15,720 thinking those might be the best longs right now. 144 00:07:15,840 --> 00:07:19,400 And we saw some of those rise quite a lot yesterday. 145 00:07:19,680 --> 00:07:24,160 Some of the gaming coins, for example, bounced quite a lot and 146 00:07:24,680 --> 00:07:28,480 it just kind of felt like maybe people are like this, this is 147 00:07:28,480 --> 00:07:30,800 the top $100, right? Like, so this shows you that 148 00:07:30,800 --> 00:07:33,760 people are kind of focusing a little bit more on altcoins 149 00:07:33,760 --> 00:07:36,680 rather than meme coins. Again, I think there's a lot of 150 00:07:36,680 --> 00:07:41,400 negative sentiment around pumped up fun at the moment just 151 00:07:41,400 --> 00:07:44,800 because of the amount of money they're making and no one else 152 00:07:44,800 --> 00:07:47,840 is really making money. You know, it's a big deal at the 153 00:07:47,840 --> 00:07:49,400 moment. Again, when it seemed like a 154 00:07:49,400 --> 00:07:52,840 coin goes to 30 million, it feels like I noticed that on 155 00:07:52,840 --> 00:07:56,360 mandate minutes now, like I put it out every single day and I 156 00:07:56,360 --> 00:08:02,160 think Rap Dog got to like 30 today, but that's the first I've 157 00:08:02,160 --> 00:08:04,560 seen in a bit. Everything else is just kind of 158 00:08:04,560 --> 00:08:07,520 like dying. So it's definitely, it's 159 00:08:07,520 --> 00:08:10,200 definitely been that sort of a market right now. 160 00:08:11,000 --> 00:08:15,400 Obviously people losing faith a little bit, summer quiet people 161 00:08:15,400 --> 00:08:18,600 just getting slightly annoyed. So that's my, what I've seen on 162 00:08:18,600 --> 00:08:20,920 the timeline a little bit over the last week or so. 163 00:08:22,960 --> 00:08:29,160 I, I saw Arthur Hayes come out with another, with another blog 164 00:08:29,160 --> 00:08:30,360 that he does. It's a very good blog. 165 00:08:30,840 --> 00:08:33,360 He basically says alt season comes back when Bitcoin goes 166 00:08:33,360 --> 00:08:39,960 above 70 K and ETH above E above 4K, Solana above 250. 167 00:08:40,960 --> 00:08:46,600 I, I think we need, I basically think we're going to be in for a 168 00:08:46,600 --> 00:08:48,360 period of job here. And I've said that for a little 169 00:08:48,360 --> 00:08:49,520 bit. I think until the election is 170 00:08:49,520 --> 00:08:53,840 when we had the banana zone, sort of, but. 171 00:08:54,480 --> 00:08:57,960 It all went down when he flipped from Bananas Zone to this Church 172 00:08:57,960 --> 00:09:01,760 of the Chicken fucking thing, whatever the fuck that was. 173 00:09:02,160 --> 00:09:04,720 Come on Raul, you know, like I'm going to invite Raul on the 174 00:09:04,720 --> 00:09:05,880 show. I got stuff to talk to him 175 00:09:05,880 --> 00:09:08,680 about. So I have to ask, is that chop 176 00:09:08,680 --> 00:09:12,440 prediction till the election? Is that regardless of who wins 177 00:09:13,000 --> 00:09:14,880 like this? Yeah, regardless of who wins 178 00:09:14,880 --> 00:09:16,240 this. Is what happened the bananas 179 00:09:16,240 --> 00:09:19,160 zone? Yeah, there was some stuff that 180 00:09:19,160 --> 00:09:23,920 came out today even that Kamala's economic advisers are 181 00:09:23,920 --> 00:09:25,720 actually from the previous Biden administration. 182 00:09:25,720 --> 00:09:28,320 They're pretty anti crypto, which was not a good sign. 183 00:09:29,080 --> 00:09:30,880 Those are the people who are going to be helping draft her 184 00:09:30,880 --> 00:09:33,840 economic because remember, it's the Democratic convention next 185 00:09:33,840 --> 00:09:34,320 week. Is it? 186 00:09:34,840 --> 00:09:38,160 Next week. Next week, they're expect their 187 00:09:38,160 --> 00:09:40,480 expectations that she will come out with a broad range of 188 00:09:40,480 --> 00:09:44,320 policies over the next week or so, particularly leading into 189 00:09:44,320 --> 00:09:46,560 that sort of event. You might hear announcing a few 190 00:09:46,560 --> 00:09:49,760 things. And the fact that she's using 191 00:09:49,920 --> 00:09:53,280 several of the of the kind of Biden crypto critics to help 192 00:09:53,280 --> 00:09:55,520 draft that is is definitely not a good sign for me. 193 00:09:56,240 --> 00:09:59,840 I always it has felt as though her courting the crypto 194 00:09:59,840 --> 00:10:03,080 community hasn't felt that genuine to me. 195 00:10:03,360 --> 00:10:06,440 But I do think that in either scenario, you will get a rally 196 00:10:06,480 --> 00:10:08,920 on the back of that because I think the broader economic 197 00:10:09,440 --> 00:10:13,200 situation will, will lead to more pumping over the next six 198 00:10:13,200 --> 00:10:18,800 months and lower rates. And I don't see a bad recession 199 00:10:18,800 --> 00:10:22,440 coming. So my my view is that, yeah, 200 00:10:22,440 --> 00:10:25,160 we're going to have a pretty, pretty nice environment for 201 00:10:25,160 --> 00:10:27,200 crypto. And if you remember last year, 202 00:10:27,280 --> 00:10:30,120 last time Biden got in, everyone was like, oh, the stock market's 203 00:10:30,120 --> 00:10:32,640 going to tank. Didn't actually it ripped after, 204 00:10:32,640 --> 00:10:35,120 after he went in because people were like, well, he's going to 205 00:10:35,120 --> 00:10:38,520 have a big spending plan. Markets just like certainty. 206 00:10:38,600 --> 00:10:40,040 They don't like, they don't like uncertainty. 207 00:10:40,120 --> 00:10:45,120 I definitely think the the drop in bitcoin's price has been 208 00:10:45,120 --> 00:10:49,000 heavily linked to the rise and uncertainty, yeah, around the 209 00:10:49,000 --> 00:10:51,280 political situation. And I think once that get 210 00:10:51,280 --> 00:10:53,800 resolved, people can get behind a lot of different markets, if 211 00:10:53,800 --> 00:10:57,440 I'm honest. This is so funny it should pump 212 00:10:57,440 --> 00:10:58,960 since it's mostly left wing holders. 213 00:11:01,480 --> 00:11:03,760 You comments? You guys comments? 214 00:11:03,920 --> 00:11:05,640 I mean good, good, good comment, good comment. 215 00:11:05,880 --> 00:11:08,200 It is a great movement. I mean, look, I drew some lines. 216 00:11:10,840 --> 00:11:13,640 Remember that thing they call that a bullish Pennant? 217 00:11:13,720 --> 00:11:16,800 If you listen to the show, you know, I always make fun of this 218 00:11:16,800 --> 00:11:19,800 one, but that's what they call it tends to be right though, you 219 00:11:19,800 --> 00:11:20,320 know as. Brutal. 220 00:11:20,320 --> 00:11:22,560 As we thought we were going to chop just for the summer and now 221 00:11:22,560 --> 00:11:25,720 it's so OK, we're going to chop deep in the mid Q4. 222 00:11:26,400 --> 00:11:29,720 I mean, it's not like we're chopping all the way to 2027 223 00:11:29,720 --> 00:11:31,680 here. So probably like right there. 224 00:11:31,960 --> 00:11:34,680 No, I'm kidding. But frankly speaking, like here, 225 00:11:34,680 --> 00:11:37,320 I think this is where the area where we fucking, you know, we 226 00:11:37,320 --> 00:11:40,200 fuck around, find out like here, you know? 227 00:11:40,680 --> 00:11:41,840 I think Mando raises a great point. 228 00:11:41,840 --> 00:11:45,160 It's kind of my base case there. There's a lot of uncertainty. 229 00:11:45,320 --> 00:11:48,440 And I think regardless of who wins like you are, the market 230 00:11:48,440 --> 00:11:53,240 will create a narrative for why it's bullish for assets in the 231 00:11:53,240 --> 00:11:55,600 Kamala administration as well as the Trump administration. 232 00:11:55,720 --> 00:11:58,040 You know what it is, guys? Like yesterday, because I hadn't 233 00:11:58,040 --> 00:12:00,360 looked in a while, I took some time to look at every weekly 234 00:12:00,360 --> 00:12:03,040 chart like this is the weeklies and people are freaking out 235 00:12:04,520 --> 00:12:07,240 like. Yeah, like no one's making 236 00:12:07,240 --> 00:12:07,720 money. That's the. 237 00:12:07,760 --> 00:12:09,680 Problem this looks you're not making money. 238 00:12:09,680 --> 00:12:12,120 Falling Pennant. So I, I think there's a chance 239 00:12:12,120 --> 00:12:17,400 that we hit 55 K again. Sure in Bitcoin, I don't you 240 00:12:17,400 --> 00:12:21,520 have to think about what is that when we broke out of the that 241 00:12:21,520 --> 00:12:25,000 range that we're in for however long it was like nine months 242 00:12:25,480 --> 00:12:29,120 last year, it was on the back of some very, very bullish news. 243 00:12:29,840 --> 00:12:31,640 My personal view is it's going to take a lot. 244 00:12:32,440 --> 00:12:34,680 It's not just going to be like a gradual, oh, we get out of it, 245 00:12:34,680 --> 00:12:36,800 something's going to have to be like right, violently take us 246 00:12:36,800 --> 00:12:41,360 out of it, liquidate the kind of short position that's been 247 00:12:41,360 --> 00:12:44,160 around that sort of level. It may happen just before the 248 00:12:44,160 --> 00:12:45,800 election, it may happen at the election. 249 00:12:46,160 --> 00:12:49,480 But my guess is that people will probably start buying assets, 250 00:12:49,480 --> 00:12:53,560 particularly things like crypto into that election and on the 251 00:12:53,560 --> 00:12:54,680 back of it. We'll probably see. 252 00:12:55,960 --> 00:12:57,920 That's when I think we'll we'll break out to an all time high. 253 00:12:58,480 --> 00:13:01,320 Yeah, let's see, we just got to wait a little bit, get closer to 254 00:13:01,760 --> 00:13:04,480 election time and and we'll figure it out. 255 00:13:04,480 --> 00:13:06,760 So anyways, we're not looking that bad. 256 00:13:06,760 --> 00:13:09,200 I mean, look, because just, you know, kind of chilling around 257 00:13:09,200 --> 00:13:13,680 the 60K mark, ETH actually was outperforming yesterday. 258 00:13:13,680 --> 00:13:15,560 It was doing good. It was around 2700. 259 00:13:15,600 --> 00:13:17,920 What are we, we nearly hit 2800 yesterday, right? 260 00:13:17,920 --> 00:13:23,680 I think it was 20. I'm cheering on 2800 I think 261 00:13:23,680 --> 00:13:25,640 yesterday. That was one of the first days 262 00:13:25,640 --> 00:13:27,760 with no outflows from Grayscale ET. 263 00:13:28,120 --> 00:13:30,520 Yeah, yeah, it's first time. Congratulations. 264 00:13:32,160 --> 00:13:36,040 That was that was a good one. What's the outflows inflows 265 00:13:36,040 --> 00:13:41,240 looking like? Very quiet, if I'm honest. 266 00:13:41,240 --> 00:13:44,360 The ETF only did 5 million of inflows yesterday, but at the 267 00:13:44,360 --> 00:13:47,240 same time, there were no ECTF outflows. 268 00:13:47,800 --> 00:13:49,760 Bitcoin did 28 million of inflows yesterday. 269 00:13:49,760 --> 00:13:51,840 So just a quiet week. Last week we did have net 270 00:13:51,840 --> 00:13:55,720 inflows on the week, but it was the tune of I think just sharp 271 00:13:55,720 --> 00:13:59,240 200 million. Yesterday was a whole day I 272 00:13:59,240 --> 00:14:03,120 think in some Asian markets. So maybe it's quiet, quiet. 273 00:14:03,120 --> 00:14:06,360 Overall, Day didn't really feel like much much was going on. 274 00:14:07,480 --> 00:14:09,120 OK. I'm not really worried about the 275 00:14:09,120 --> 00:14:11,480 the setup of the crypto market. Don't feel like we're going a 276 00:14:11,480 --> 00:14:12,720 lot lower. I just think that some of the 277 00:14:13,440 --> 00:14:16,440 for some of the gambling stuff that continue to like actually 278 00:14:16,440 --> 00:14:19,080 make sense. You need new money, like 279 00:14:19,080 --> 00:14:22,120 material, new money coming in and to take us to like those new 280 00:14:22,120 --> 00:14:23,920 time all time highs. And I actually, I just don't 281 00:14:23,920 --> 00:14:25,560 know if the marginal dollar right now if you come into 282 00:14:25,560 --> 00:14:28,160 crypto, because we, this is a really good way of judging it. 283 00:14:28,160 --> 00:14:30,560 Like six months ago we were like, where would you put your 284 00:14:30,560 --> 00:14:33,840 marginal dollar if you were here to gamble? 285 00:14:35,800 --> 00:14:38,200 Six months ago it was like, well, we, we didn't really want 286 00:14:38,200 --> 00:14:40,000 to put it in NFTS because it felt like they weren't really 287 00:14:40,000 --> 00:14:43,440 going to bounce. You put it in meme coins right 288 00:14:43,440 --> 00:14:46,680 now do you put into meme coins? It feels like you could lose a 289 00:14:46,680 --> 00:14:48,480 lot. Right now watches. 290 00:14:48,880 --> 00:14:51,000 Which one? Which ones are you going to put 291 00:14:51,000 --> 00:14:53,600 it into? I think you you might put it 292 00:14:53,600 --> 00:14:55,560 into polymarket like just to bet around like. 293 00:14:56,160 --> 00:14:59,040 You know, you know what? What Trump did say yesterday. 294 00:14:59,960 --> 00:15:02,880 Yeah, like. What epic. 295 00:15:03,680 --> 00:15:04,800 Oh, did he? Twice. 296 00:15:06,200 --> 00:15:08,520 So fucking weird someone clicked that for me. 297 00:15:08,760 --> 00:15:10,440 I, I, I mean, it was so fucking long. 298 00:15:10,440 --> 00:15:12,200 You'd have to have someone go through a transcript. 299 00:15:12,200 --> 00:15:16,120 But he did say epic in the first, like way before any other 300 00:15:16,120 --> 00:15:20,080 Poly market word like that was like right off the bat, who is 301 00:15:20,080 --> 00:15:23,800 going to be epic? Epic, very epic is the biggest, 302 00:15:23,800 --> 00:15:27,840 biggest audience ever anyway. Yeah, but he did. 303 00:15:27,880 --> 00:15:29,960 He did say epic though, so that was funny. 304 00:15:30,960 --> 00:15:33,400 Tyler, final thoughts on the market before I I move on. 305 00:15:33,400 --> 00:15:34,920 Or are we good? Yeah. 306 00:15:34,920 --> 00:15:37,880 I've got more thoughts on like the Poly market versus pump. 307 00:15:37,880 --> 00:15:40,040 Actually, I think maybe we can we can say that if we want. 308 00:15:40,360 --> 00:15:44,840 But yeah, broadly on on the markets, it's quiet. 309 00:15:44,840 --> 00:15:46,520 This is a weird week, right? We, we've got all these data 310 00:15:46,520 --> 00:15:49,040 points coming out. There's still like this, this 311 00:15:49,040 --> 00:15:52,960 massive overhang with is Iran going to actually attack Israel 312 00:15:52,960 --> 00:15:55,320 or not? Just so much uncertainty. 313 00:15:55,320 --> 00:15:58,040 I think once we get out of this through this week, perhaps next 314 00:15:58,040 --> 00:16:01,000 week's a little smoother. But yeah, we'll see. 315 00:16:01,320 --> 00:16:02,600 Yeah. I mean, look at the I haven't, I 316 00:16:02,600 --> 00:16:04,040 haven't pulled this chart up in a minute. 317 00:16:04,040 --> 00:16:05,440 I mean, look at this total 3 chart. 318 00:16:06,760 --> 00:16:08,840 I see why people are not happy, you know? 319 00:16:09,480 --> 00:16:11,680 Ouch. It's this this guy right there. 320 00:16:11,680 --> 00:16:16,120 It's just continuously going down since like April, right 321 00:16:16,280 --> 00:16:19,120 April 2nd here. I got the cross on it's just 322 00:16:19,120 --> 00:16:21,840 continuously yeah, it's pumps image just go down. 323 00:16:22,120 --> 00:16:25,920 It's just lower highs and lower lows, actually three of them 324 00:16:25,920 --> 00:16:28,400 here. So it's just been continuous 325 00:16:28,400 --> 00:16:31,000 choppy on the on the altcoin side of. 326 00:16:31,080 --> 00:16:35,400 The coil called Bitcoin Dominance top last week, so 327 00:16:35,520 --> 00:16:37,600 hopefully. He's been good. 328 00:16:37,600 --> 00:16:40,800 He he's been, he's been cooking. I mean, wow, Bitcoin dominance 329 00:16:40,800 --> 00:16:42,960 is 57. Mando was calling for 60 points 330 00:16:43,840 --> 00:16:45,960 couple weeks ago. I I don't think we've topped on 331 00:16:45,960 --> 00:16:47,760 Bitcoin dominance. Yeah, I don't think so either. 332 00:16:47,760 --> 00:16:49,080 You have to. The thing is you have to be a 333 00:16:49,080 --> 00:16:54,160 pretty bullish take on ETH here versus Bitcoin because I think 334 00:16:54,160 --> 00:16:57,720 that's the only real thing that really moves dominance and I'm 335 00:16:57,720 --> 00:17:00,040 not. I don't think we're going to see 336 00:17:00,040 --> 00:17:02,720 a medium term outperformance of. I mean, the good thing is that 337 00:17:03,000 --> 00:17:04,560 Solana goes up with with Bitcoin. 338 00:17:04,560 --> 00:17:06,640 So I think we're fine on that front anyways. 339 00:17:07,920 --> 00:17:12,800 Anyways, anyways, Tyler see what you got for us four daily NFT 340 00:17:12,920 --> 00:17:19,280 and crypto analysis Tyler did on FOMO our calls the kids can. 341 00:17:20,040 --> 00:17:24,000 Bring the bash of bears. All right, We've we've got 342 00:17:24,000 --> 00:17:28,480 crypto mayors chopping ahead of those inflation data memes are 343 00:17:28,480 --> 00:17:29,920 falling pretty much across the board. 344 00:17:30,440 --> 00:17:33,000 And Bitcoin headlines. Marathon, a Bitcoin mining 345 00:17:33,000 --> 00:17:36,200 company, they've raised $250 million to buy Bitcoin through a 346 00:17:36,200 --> 00:17:38,480 new private offering of convertible senior notes. 347 00:17:38,480 --> 00:17:42,640 So another big company buying El Salvador announced a $1.6 348 00:17:42,640 --> 00:17:46,480 billion private investment in a new Bitcoin city that will be 349 00:17:46,480 --> 00:17:50,680 built in their La Union seaport. So El Salvador doubling down on 350 00:17:50,680 --> 00:17:53,000 Bitcoin. In other news, we saw optimism 351 00:17:53,000 --> 00:17:56,200 tease the unification of the Super chain, including a better 352 00:17:56,240 --> 00:18:00,000 US for transferring assets that building and more for all the 353 00:18:00,000 --> 00:18:03,480 Super chain L twos we saw crypto startups interesting stat here. 354 00:18:03,760 --> 00:18:06,560 Crypto startups raised $2.7 billion in Q2. 355 00:18:06,760 --> 00:18:11,920 That is a 2.5% increase over Q1 in amount, though a 12 1/2 356 00:18:11,920 --> 00:18:15,960 percent drop in overall volume. So total deals down total amount 357 00:18:15,960 --> 00:18:19,480 up a tick Zai games, they dropped a new road map on chain 358 00:18:19,480 --> 00:18:22,480 governance, the liquid sticking token and more games in the last 359 00:18:22,480 --> 00:18:24,120 week and then forecaster they're still building. 360 00:18:24,360 --> 00:18:26,880 They added a new explore function allowing users are 361 00:18:26,880 --> 00:18:30,240 discovering new apps and frames and memes. 362 00:18:30,320 --> 00:18:34,200 So Mr. meme point major slightly rad now about two to 7% across 363 00:18:34,200 --> 00:18:37,560 the board. Giga was the big outperformer on 364 00:18:37,560 --> 00:18:41,280 the day, pump fun, but across the entire timeline right now, 365 00:18:41,280 --> 00:18:45,240 they pulled in at least 850,000 in revenue on the day on the 366 00:18:45,240 --> 00:18:49,200 back of the Trump and Elon conversation, 10,000 plus meme 367 00:18:49,200 --> 00:18:52,840 coins deployed within the three hours tied to the conversation, 368 00:18:52,840 --> 00:18:55,120 though just 10 making it to radium. 369 00:18:55,160 --> 00:18:59,840 That's about 0.1 point 1.1% hit rate there. 370 00:19:00,520 --> 00:19:03,040 Then polymarket. Polymarket a winner as well. 371 00:19:03,400 --> 00:19:06,000 The live market on the Trump Elon combo. 372 00:19:06,000 --> 00:19:07,640 So four and a half, $1,000,000 bet. 373 00:19:07,640 --> 00:19:10,760 About two and a half million of that came in live during the 374 00:19:10,760 --> 00:19:14,360 three hour conversation, but only three words did hit. 375 00:19:14,360 --> 00:19:16,280 Yes, I'm sure we're going to that in a minute. 376 00:19:16,280 --> 00:19:19,280 In NFTS, I just want to headline a pretty interesting trade is 377 00:19:19,280 --> 00:19:21,640 doodles and bored API Club blockbuster trade. 378 00:19:21,640 --> 00:19:25,320 A trippy 8 and five eighth exchange for 14 doodles, 14 good 379 00:19:25,640 --> 00:19:27,760 mid tier doodles plus 11 duplicators. 380 00:19:27,760 --> 00:19:30,040 So NFT trading markets still somewhat alive. 381 00:19:30,480 --> 00:19:34,280 There's no such things in mid tiers anymore, Tyler, we left 382 00:19:34,280 --> 00:19:37,400 that in 2021. You're right. 383 00:19:38,040 --> 00:19:42,920 You're either A4 or you're top, top top NFT now. 384 00:19:42,920 --> 00:19:46,040 But no, but seriously, I I let. Let's start with the pumped up, 385 00:19:46,040 --> 00:19:49,720 fun conversation kind. Of tweet in the in the group 386 00:19:49,720 --> 00:19:51,480 chat to maybe bring up because I thought it was. 387 00:19:51,640 --> 00:19:53,200 Is that about OK, Well, there you go. 388 00:19:53,240 --> 00:19:55,160 That's that's that's a good one. So let's start there, right, 389 00:19:55,160 --> 00:19:57,400 because you just sent that anyways, let's start with the 390 00:19:57,400 --> 00:19:58,560 pump. I mean, I wrote some thoughts 391 00:19:58,560 --> 00:19:59,960 this morning. It's first of all. 392 00:20:00,680 --> 00:20:02,800 We've learned something from the Poly market and pump fund thing. 393 00:20:02,800 --> 00:20:06,960 Tyler being the house is the best business model so that's 394 00:20:06,960 --> 00:20:09,560 for sure and and and always has been. 395 00:20:09,560 --> 00:20:10,680 So let's see what you just sent us. 396 00:20:10,680 --> 00:20:15,160 So it is really APVP world out there from pump fund data, 1.4% 397 00:20:15,160 --> 00:20:20,520 bonds 0.008% survive more than a few days, 0.002% maintain 398 00:20:20,520 --> 00:20:24,760 1,000,000 + 0.001% rich 10 million. 399 00:20:24,920 --> 00:20:27,880 Like see, man, don't beat yourself up, bro, you've you're 400 00:20:27,880 --> 00:20:31,680 part of the point. OO 1% Interestingly, your 401 00:20:31,680 --> 00:20:35,240 highest chance for success is not to bid pre bond, but to bid 402 00:20:35,240 --> 00:20:39,360 on good, but to bid on good coins. 1,000,000 yes, that that 403 00:20:39,360 --> 00:20:41,800 one one example. I'm not going to name the 404 00:20:41,800 --> 00:20:46,040 example that's I don't want to show it here, but I guess good. 405 00:20:46,520 --> 00:20:48,160 And so here are here's some stats. 406 00:20:48,160 --> 00:20:51,280 So the question is is flat out I'm going to ask you both title. 407 00:20:51,280 --> 00:20:55,880 We'll start with you. Is pump fun ruining meme coins? 408 00:20:59,280 --> 00:21:03,280 It's ruining the the market caps of the bigger meme coins for 409 00:21:03,280 --> 00:21:04,600 sure. I mean, every time we have one 410 00:21:04,600 --> 00:21:08,880 of these these big events like we see the rotations, I think 411 00:21:08,880 --> 00:21:13,600 it's hard to argue objectively that we're not seeing that the 412 00:21:13,600 --> 00:21:16,240 capital rotation play out and we're going down the the roller 413 00:21:16,240 --> 00:21:20,160 coaster loops due to saturation. Now do I blame the pumps out fun 414 00:21:20,160 --> 00:21:21,120 team? No, they created a great 415 00:21:21,120 --> 00:21:23,640 product. Good good for them and they 100% 416 00:21:23,640 --> 00:21:26,680 deserve the success that they've had. 417 00:21:27,560 --> 00:21:30,200 But I think you'd have to be turning a blind eye to the 418 00:21:30,200 --> 00:21:33,800 impact it's had on the market. And for me, it's not a surprise 419 00:21:33,800 --> 00:21:36,120 that point O 1% or whatever make it like that. 420 00:21:36,120 --> 00:21:38,800 That was always the game right? Like even before pump fun, it 421 00:21:38,800 --> 00:21:41,000 was very rare for coins to actually make it. 422 00:21:42,440 --> 00:21:47,560 I think what's been painful to watch is just how how quickly 423 00:21:47,880 --> 00:21:52,120 the the the cycles have have, have run, how short the, the 424 00:21:52,120 --> 00:21:56,040 duration of the mid tier mains who get to 20 million to 50 425 00:21:56,040 --> 00:21:59,600 million, how quickly they just fall back down and nothing has 426 00:21:59,600 --> 00:22:01,920 staying power. And it's just been harder than 427 00:22:01,920 --> 00:22:05,360 than ever to actually, you know, to, to trade these profitably 428 00:22:05,960 --> 00:22:09,960 from my perspective. So that that's my that's my 429 00:22:09,960 --> 00:22:13,360 working view. We're getting Nikun saying no, 430 00:22:13,360 --> 00:22:17,000 Shivam saying no, brownie burst is saying Nah, and then Ugly is 431 00:22:17,000 --> 00:22:18,480 saying yes. The illusion is bad for the 432 00:22:18,480 --> 00:22:19,600 space. I mean, Amanda, what are your 433 00:22:19,600 --> 00:22:25,000 thoughts here? I think in general, the idea, 434 00:22:25,000 --> 00:22:27,280 this is not just for mean coins, this is for all coins. 435 00:22:27,920 --> 00:22:30,400 The idea that we were able to proliferate the number of coins 436 00:22:30,400 --> 00:22:35,800 by factors over the last over the last few months has probably 437 00:22:35,800 --> 00:22:37,800 been bad for a lot of the altcoin space. 438 00:22:38,040 --> 00:22:44,040 Like if you go back three years ago, people were people would 439 00:22:44,080 --> 00:22:46,760 only really buy altcoins for these outsize gains, right? 440 00:22:47,320 --> 00:22:50,240 And now you can just create a new coin tomorrow and everyone 441 00:22:50,240 --> 00:22:53,440 just get pulled up on it. Like it's become so easy. 442 00:22:54,040 --> 00:22:56,120 And the fallacy of a lot of these other coins has kind of 443 00:22:56,120 --> 00:22:58,040 been exposed. So I think it was a natural 444 00:22:58,040 --> 00:23:01,240 response, this sort of a platform to the failure of 445 00:23:01,240 --> 00:23:03,480 altcoins and just being dumped on by the VCs. 446 00:23:03,600 --> 00:23:07,000 We created our own coins. We can just do our own basically 447 00:23:07,000 --> 00:23:11,200 PvP Ponzi's VCs aren't dumping on us, etcetera, etcetera. 448 00:23:12,320 --> 00:23:16,200 That being said, now it has gone to the stage now where the 449 00:23:16,200 --> 00:23:20,680 lifetime I mean that those stats are are wild. 450 00:23:21,360 --> 00:23:26,240 But like to actually be above even 10 million now as a pump 451 00:23:26,240 --> 00:23:32,640 dot funk coin is unbelievably low odds to be above like I mean 452 00:23:32,640 --> 00:23:34,680 it's only one coin which is above like 50 million. 453 00:23:35,320 --> 00:23:39,320 It is really, really bad. So I think what it's telling you 454 00:23:39,320 --> 00:23:44,400 is for in terms of Solana meme coins, is that the lifetime of 455 00:23:44,400 --> 00:23:47,000 the memes have gone down even more. 456 00:23:47,920 --> 00:23:51,240 You can sometimes catch that meme on that, on that, like they 457 00:23:51,240 --> 00:23:53,600 said on that route from 1 million up to like 100. 458 00:23:54,480 --> 00:23:58,520 But it feels as though a few months ago coins were just going 459 00:23:58,520 --> 00:24:01,920 to 100 at will. Then it kind of went to like 50 460 00:24:01,920 --> 00:24:07,360 to 70 and now it's like 30 or 40. 461 00:24:07,440 --> 00:24:10,160 And then they just kind of stop. And that may just be a 462 00:24:10,160 --> 00:24:11,960 reflection of the amount of money coming into the space. 463 00:24:11,960 --> 00:24:15,400 But I do think that people are generally not making as much 464 00:24:15,400 --> 00:24:23,160 money on meme coins and that we probably, you know, this people 465 00:24:23,160 --> 00:24:25,200 might turn against it over the short term. 466 00:24:25,200 --> 00:24:27,600 I do still think that it's such a, it's a good product market 467 00:24:27,600 --> 00:24:29,920 fit, but the idea is to just make any coin about anything 468 00:24:30,320 --> 00:24:32,760 that'll always be there. I think it is the way that they 469 00:24:32,760 --> 00:24:36,480 have done that in some ways, like just expedited what was 470 00:24:36,480 --> 00:24:39,080 already there in the altcoin market, which was like, no one 471 00:24:39,080 --> 00:24:43,280 really wants to buy into somebody else's VC like Ponzi 472 00:24:43,280 --> 00:24:45,440 Griff where they just dump on you for like 4 years. 473 00:24:45,440 --> 00:24:49,760 So this is this is kind of made it so that if you're already 474 00:24:49,760 --> 00:24:52,000 here, if you're here just to gamble, which is what the vast 475 00:24:52,000 --> 00:24:55,720 majority of people were trying to do, then you have like a bit 476 00:24:55,720 --> 00:24:58,160 of a pure product. But that also then depends on 477 00:24:58,160 --> 00:25:05,840 new entrants coming in. And yeah, I think it's also just 478 00:25:05,840 --> 00:25:09,680 means in like there's so much temptation as a big holder of 479 00:25:09,680 --> 00:25:12,160 any coin just to get out so quickly. 480 00:25:12,160 --> 00:25:15,600 So you have this like continual churn of of meme coins. 481 00:25:15,640 --> 00:25:20,080 Like if you're a holder of with like, I think Obi was fit in 482 00:25:20,080 --> 00:25:21,160 some of those groups for a while. 483 00:25:21,160 --> 00:25:24,080 But like, there have been new coins coming out every like week 484 00:25:24,080 --> 00:25:25,880 from those guys. And they'd be like, you know, 485 00:25:25,880 --> 00:25:28,440 they they'll and eventually that one of them will be like, OK, 486 00:25:28,440 --> 00:25:30,400 I'm just going to sell my wiff back and get into the next one. 487 00:25:30,440 --> 00:25:33,400 Yeah, that isn't the case with a lot of that wasn't the case in 488 00:25:33,400 --> 00:25:35,040 the past for a lot of these memes. 489 00:25:35,040 --> 00:25:38,000 And so you had like slightly stronger unique communities. 490 00:25:38,000 --> 00:25:42,280 I felt like, like even when I look back last a year or a year 491 00:25:42,280 --> 00:25:44,840 and a half ago, when you had like Harry Potter come out, that 492 00:25:45,200 --> 00:25:50,600 you had MOG, you had Pepe, I guess. 493 00:25:50,840 --> 00:25:53,200 Terrible. Remember, it was just. 494 00:25:53,200 --> 00:25:56,120 Yeah. But like they had a little bit 495 00:25:56,120 --> 00:25:59,520 stronger communities, a bit more unique feel that like really 496 00:25:59,520 --> 00:26:03,200 built around them. And I feel like it's, it's 497 00:26:03,200 --> 00:26:06,280 become, I mean, you know, I, I feel like we do a good job with 498 00:26:06,280 --> 00:26:08,720 it, Epic. But like it is true that it's so 499 00:26:08,720 --> 00:26:10,960 easy if you're a big holder of any coin right now, like, OK, 500 00:26:10,960 --> 00:26:12,160 I'm just going to move on to the next one. 501 00:26:12,560 --> 00:26:16,440 You know, like if this isn't working out, Bam, done out and 502 00:26:16,680 --> 00:26:19,640 there's nothing anyone can really do about that. 503 00:26:19,640 --> 00:26:21,160 That's I'm not really blaming holders. 504 00:26:21,160 --> 00:26:23,880 It's just like the incentive structure in in memes is, is 505 00:26:23,880 --> 00:26:27,640 moving. It's this velocity of memes, 506 00:26:27,640 --> 00:26:31,280 basically. Yeah, it looked like it's it's 507 00:26:31,280 --> 00:26:34,640 very similar to NFT 2021, right? And then blur came around and it 508 00:26:34,640 --> 00:26:38,160 was everyone blaming blur for making, you know, access to 509 00:26:38,160 --> 00:26:41,520 liquidity fast and you know, the race to 0, whatever the hell, 510 00:26:41,680 --> 00:26:43,920 etcetera. At least I'd say the difference 511 00:26:43,920 --> 00:26:46,160 between blur and pump fun here is that there's no incentives to 512 00:26:46,160 --> 00:26:49,120 farm on pump fun, right? So like there's a like a blur of 513 00:26:49,120 --> 00:26:51,680 people who are farming token. Nah, Nah, Nah, season one, 514 00:26:51,680 --> 00:26:55,560 season 5 and 12 fucking this and then it ends up into gold. 515 00:26:55,560 --> 00:26:59,920 Pump fun has no incentives yet. It's just here you go like every 516 00:26:59,960 --> 00:27:02,840 like, it's like a everybody can. Go. 517 00:27:02,840 --> 00:27:04,520 It doesn't need it. Doesn't. 518 00:27:05,360 --> 00:27:08,200 Need the token? Why do we need token? 519 00:27:08,200 --> 00:27:10,720 We're making $3,000,000 a day with the token sellers. 520 00:27:11,960 --> 00:27:13,760 That's the thing, right? It's like I wrote this morning. 521 00:27:13,800 --> 00:27:16,040 I was like, imagine blaming the casino for your gambling 522 00:27:16,040 --> 00:27:18,080 addiction. It's like just there's there's 523 00:27:18,360 --> 00:27:21,240 there's a bunch of ways to you can buy a bunch of mid caps, 524 00:27:21,800 --> 00:27:25,120 small caps, mid mid high caps that could probably do well over 525 00:27:25,120 --> 00:27:28,520 time, But people want to trade on the 13 second time horizon 526 00:27:28,520 --> 00:27:30,400 and think that they're going to score the next wave from pump 527 00:27:30,400 --> 00:27:33,960 Fon. I think Alon the founder, he 528 00:27:33,960 --> 00:27:37,880 actually just put a tweet out right now, like literally like, 529 00:27:38,560 --> 00:27:41,080 yeah, 11 minutes ago saying that there's a massive issue on pump 530 00:27:41,080 --> 00:27:45,640 Fon today and he talks about the creation of it is where the 531 00:27:45,640 --> 00:27:48,320 issue is. TLDR everyone trades on new 532 00:27:48,320 --> 00:27:49,800 launches. It's simple and when you have 533 00:27:49,800 --> 00:27:53,360 the highest upside. But he says the problem with 534 00:27:53,360 --> 00:27:56,040 this is that most people there are far too many coins to choose 535 00:27:56,040 --> 00:27:58,160 from and aping fresh launch is far too risky. 536 00:27:58,200 --> 00:27:58,920 Right. True. 537 00:27:58,920 --> 00:28:01,880 Like I tried yesterday night and it's just like it was like 538 00:28:01,880 --> 00:28:08,160 000000. So it's it's far harder than 539 00:28:08,160 --> 00:28:12,960 just betting on a on a word that could be said, you know, across 540 00:28:12,960 --> 00:28:14,400 the board. But they're setting they're 541 00:28:14,400 --> 00:28:16,120 saying, I think he's right about this. 542 00:28:16,120 --> 00:28:18,400 He's a setting arbitrary limits and barriers to create a corn 543 00:28:18,400 --> 00:28:20,880 only benefits the wild resource. Few that know how to game the 544 00:28:20,880 --> 00:28:22,720 system is strictly worse than what we have today. 545 00:28:22,720 --> 00:28:24,960 So I don't know. I mean, Tyler, what do you what, 546 00:28:25,040 --> 00:28:27,240 what do you how, what do you think could make this better? 547 00:28:28,440 --> 00:28:30,240 I don't know. I'm trying to read this right 548 00:28:30,240 --> 00:28:31,400 now. So he's saying the solution 549 00:28:31,400 --> 00:28:34,160 IS100X better curation. It needs to be safer. 550 00:28:34,160 --> 00:28:36,440 I mean, so who who's the curating body, the cabals? 551 00:28:36,440 --> 00:28:38,640 I mean, that's basically what we've got, right? 552 00:28:39,560 --> 00:28:41,560 Who becomes a creating body? It's tough, right? 553 00:28:44,000 --> 00:28:47,280 This is yeah, who's the, who's the curator here? 554 00:28:48,400 --> 00:28:49,920 I think it's a hard problem to solve. 555 00:28:50,040 --> 00:28:51,960 You know, we coming back to like the marginal dollar. 556 00:28:51,960 --> 00:28:53,520 Where would you put your marginal dollar right now? 557 00:28:53,520 --> 00:28:56,400 I wouldn't tell anyone to to get in the pumped out fun streets 558 00:28:56,440 --> 00:28:58,480 right now. Who's new to this? 559 00:28:58,480 --> 00:29:01,160 And even last night, like 10,000 people were in the trenches 560 00:29:01,160 --> 00:29:03,160 playing pumped out fun during the conversation. 561 00:29:03,720 --> 00:29:07,680 I'd argue that the Poly market bet was, was more fun and more 562 00:29:07,680 --> 00:29:09,600 profitable. And you can actually like use 563 00:29:09,600 --> 00:29:11,760 your brain a little bit. And of course, like this was 564 00:29:11,760 --> 00:29:15,720 gambling and it was speculating on what he's going to say. 565 00:29:15,720 --> 00:29:18,480 But you could at least like have a working theory that, yeah, 566 00:29:18,720 --> 00:29:20,520 guess what? He's probably going to talk 567 00:29:20,520 --> 00:29:25,280 about illegal immigration in a in a 2 hour conversation and and 568 00:29:25,280 --> 00:29:29,880 and win money on it. You know, versus trying to to 569 00:29:30,240 --> 00:29:33,000 buy the right coin when 20 versions of the same word are 570 00:29:33,000 --> 00:29:38,000 launched every minute. Yeah, that, that makes sense. 571 00:29:38,000 --> 00:29:39,960 So Speaking of which, I mean talk to us because that's 572 00:29:39,960 --> 00:29:44,960 another point that you had in your in your in your top 100 the 573 00:29:44,960 --> 00:29:48,720 markets yesterday, I mean heated up. 574 00:29:50,240 --> 00:29:54,560 The Bali market markets, yeah, I mean, they were a huge winner 575 00:29:54,560 --> 00:29:56,200 last night. And I actually think there's a 576 00:29:56,200 --> 00:30:01,280 chance that last night was a bit of a shift or a glimpse of what 577 00:30:01,960 --> 00:30:05,120 polymarket can be beyond the election. 578 00:30:05,120 --> 00:30:07,120 And Grant, this conversation was tied to the election. 579 00:30:07,720 --> 00:30:10,520 And it's Trump and Elon too, the biggest figures in the world. 580 00:30:10,520 --> 00:30:15,440 But they, they drew $4.5 million in action on which words these 581 00:30:15,440 --> 00:30:19,120 two guys or these words Trump would say in a 2 hour 582 00:30:19,120 --> 00:30:23,480 conversation on Twitter. And like, that is something 583 00:30:23,480 --> 00:30:26,000 like, that's a concept that you can apply to like any major 584 00:30:26,120 --> 00:30:30,400 speech, right? Or any major event effectively 585 00:30:31,520 --> 00:30:33,200 going forward, right. You know, you could do it for 586 00:30:33,200 --> 00:30:35,200 the Super Bowl. You know which which words are 587 00:30:35,200 --> 00:30:37,880 going to come up in in a three hour Super Bowl broadcast right 588 00:30:37,880 --> 00:30:39,080 there. There's a lot that you can do 589 00:30:39,080 --> 00:30:41,560 with this. I was surprised at the volume 590 00:30:41,560 --> 00:30:45,040 they got and I think it was also very interesting that more than 591 00:30:45,040 --> 00:30:48,320 half of it came live during the conversation. 592 00:30:48,320 --> 00:30:52,720 So there wasn't there's clearly an very active better pool there 593 00:30:52,720 --> 00:30:56,440 and grinding it and it made the conversation more fun. 594 00:30:56,440 --> 00:30:59,400 It made more fun for me. You and I, we were live 595 00:30:59,400 --> 00:31:02,160 streaming and we were going nuts when any of the words hit. 596 00:31:02,560 --> 00:31:04,720 I guess it's a quick recap. Only three hit guys. 597 00:31:04,720 --> 00:31:08,280 So it was illegal immigration hit first within like the 1st 20 598 00:31:08,280 --> 00:31:10,880 minutes. I hadn't bet that one. 599 00:31:11,040 --> 00:31:13,520 That was a clear miss by me. I mean, it was a pretty that. 600 00:31:13,600 --> 00:31:16,480 Was like, that was such an easy one bro. 601 00:31:16,920 --> 00:31:20,120 Yeah, I should have hit that one and then MAGA hit next. 602 00:31:20,120 --> 00:31:22,040 I think MAGA was MAGA was my lock. 603 00:31:22,800 --> 00:31:25,520 I mean, even if it wouldn't come up during conversation, he would 604 00:31:25,520 --> 00:31:31,040 have said it in the close. So that one was a Gimme and then 605 00:31:31,600 --> 00:31:34,880 tampon, of course. And then the entire timeline 606 00:31:34,920 --> 00:31:37,400 erupted because it was going off as like a four to five to one 607 00:31:37,400 --> 00:31:39,760 favorite. And again, it was even, it was 608 00:31:39,760 --> 00:31:42,680 even higher than that. Bitcoin bro, I can't believe 609 00:31:42,680 --> 00:31:46,520 like no crypto no was a lock you and I cooked on that, but 610 00:31:46,840 --> 00:31:51,240 Bitcoin I was I I could have I thought he was saying this 611 00:31:51,240 --> 00:31:53,280 Bitcoin you know he loves saying the word Bitcoin. 612 00:31:53,680 --> 00:31:54,800 I feel like he likes the sound of it. 613 00:31:54,800 --> 00:31:56,920 I. Think there's some signal there 614 00:31:57,280 --> 00:31:59,120 and I said that was my that was my other lock. 615 00:31:59,120 --> 00:32:02,240 I was I was no on crypto. It was the first bet I made and 616 00:32:02,480 --> 00:32:06,240 that was the most bet word by two XI think it caught like 617 00:32:06,240 --> 00:32:10,920 450,000 in action on crypto. The next one up was like 250 K. 618 00:32:11,680 --> 00:32:14,440 So definitely some crypto bias in this market. 619 00:32:14,520 --> 00:32:17,560 And I was turning as high as like 65%, yes. 620 00:32:17,960 --> 00:32:20,920 And like as soon as you heard Trump talking early in the 1st 621 00:32:20,920 --> 00:32:22,480 20 minutes. So you could tell like that was 622 00:32:22,480 --> 00:32:25,520 not a policy item that was going to be on his mind. 623 00:32:26,280 --> 00:32:28,800 And if Elon would have brought up, I think he would respond to 624 00:32:28,800 --> 00:32:33,320 it. But I think it cast doubt on 625 00:32:33,320 --> 00:32:35,240 like, is Trump serious about crypto? 626 00:32:35,280 --> 00:32:37,200 I mean, it's a part of the Republican platform. 627 00:32:37,200 --> 00:32:38,760 I think he agrees with what he said. 628 00:32:38,760 --> 00:32:40,520 I don't think he's lying. I just don't think he cares 629 00:32:40,520 --> 00:32:43,200 about it. Like we've seen it now in a few 630 00:32:43,200 --> 00:32:46,880 different occasions. Scamming ass sons would probably 631 00:32:46,880 --> 00:32:49,880 like don't say the word Bitcoin. We bet you on that, all three 632 00:32:49,880 --> 00:32:53,440 scammers. I saw. 633 00:32:53,640 --> 00:32:54,920 I love the. Yeah, the. 634 00:32:55,360 --> 00:32:58,320 I'm saying three kids. They're scammers to me forever 635 00:32:59,320 --> 00:33:00,800 anyways. Thinks that Baron was right next 636 00:33:00,800 --> 00:33:02,200 to him and tell him what what or what not. 637 00:33:02,480 --> 00:33:06,600 Aaron was probably Max Long. No Bitcoin, no crypto, no the 638 00:33:06,600 --> 00:33:07,800 worst. Think about it. 639 00:33:08,160 --> 00:33:09,760 I'm not saying they're doing. I'm just saying it's very easy 640 00:33:09,760 --> 00:33:13,000 to manipulate if you're the person at stake, like if you're 641 00:33:13,000 --> 00:33:15,960 the center, like it's all about what Trump said, right? 642 00:33:16,280 --> 00:33:17,560 I think for normal people it's very easy. 643 00:33:17,560 --> 00:33:20,120 I think trying to convince Trump which words to say or not say is 644 00:33:20,120 --> 00:33:21,760 a very difficult task. He's going to say look at. 645 00:33:23,240 --> 00:33:24,920 His kids bro. Look at what his kids are doing 646 00:33:24,960 --> 00:33:27,560 in the industry, you know? Not saying Jessa was wild 647 00:33:27,560 --> 00:33:32,040 because he mentioned Elon's company and his car on multiple 648 00:33:32,040 --> 00:33:33,840 occasions and just didn't say the word to. 649 00:33:33,840 --> 00:33:37,400 Us at the very end Mando like the very, very like the goodbye 650 00:33:37,400 --> 00:33:39,400 of the goodbye of the goodbye of the goodbye, because they took 651 00:33:39,400 --> 00:33:43,720 40 minutes to they said they were done at the very end. 652 00:33:44,240 --> 00:33:46,640 Trump was like, yes, we need more companies made in America. 653 00:33:46,640 --> 00:33:49,280 I'm very proud of what you have built with your automotive 654 00:33:49,280 --> 00:33:50,920 company. We're like, bro, fuck, come on, 655 00:33:50,920 --> 00:33:53,600 just say fucking Tesla, bro. Like he kept saying your 656 00:33:53,600 --> 00:33:56,000 automotive company. He kept saying your electric car 657 00:33:56,000 --> 00:34:00,360 company like, but then he slipped tampon and a 10 second 658 00:34:00,360 --> 00:34:01,760 rent. You sure he didn't know about 659 00:34:01,760 --> 00:34:07,760 all these these lines, Tyler? Like, I don't know, but but it 660 00:34:07,760 --> 00:34:10,440 was, it was it was, it was entertaining AF. 661 00:34:10,440 --> 00:34:12,440 We we asked. Elon, he was going to get paid 662 00:34:12,440 --> 00:34:13,639 for this. That was probably my favorite 663 00:34:13,639 --> 00:34:16,239 part of the conversation. He's like, he kept implementing 664 00:34:16,239 --> 00:34:19,320 Elon on how many viewers he got. He said there was like 60 665 00:34:19,320 --> 00:34:20,520 million. Yeah. 666 00:34:21,280 --> 00:34:22,960 And he's like, yeah, am I going to get paid for this? 667 00:34:24,480 --> 00:34:29,800 Like Elon even explained to him how Tesla model SE3X and Y makes 668 00:34:29,800 --> 00:34:33,600 sexy and that people were mad. They talked about Tesla for like 669 00:34:33,600 --> 00:34:37,199 10 minutes and we couldn't get the word Tesla out of him, so 670 00:34:37,520 --> 00:34:40,719 they have. To play the House so that 671 00:34:40,880 --> 00:34:43,560 playing the house here means like taking the no side on on 672 00:34:43,560 --> 00:34:45,760 most of these or just taking the opposite side. 673 00:34:47,520 --> 00:34:48,880 I think that worked out in the debate. 674 00:34:48,880 --> 00:34:51,800 It worked out again last night. So now we've got a few of these 675 00:34:51,920 --> 00:34:53,760 under our belts. I think we'll we'll be ready for 676 00:34:53,760 --> 00:34:55,639 the. Yeah, I think you and I should 677 00:34:55,760 --> 00:34:57,200 keep those. We should keep. 678 00:34:57,240 --> 00:34:58,240 We could. That was fun. 679 00:34:58,280 --> 00:35:00,760 I had a lot of fun yesterday streaming those. 680 00:35:00,960 --> 00:35:02,560 You know, I was trying to do pump Fun at the same time of 681 00:35:02,560 --> 00:35:04,880 Polymarket yesterday and you're right, like one of them was way 682 00:35:04,880 --> 00:35:08,640 more lucrative and more entertained than the other when 683 00:35:08,640 --> 00:35:11,880 it comes to like live being live like because you can do, you can 684 00:35:11,880 --> 00:35:13,600 do. Polymarket live like so they get 685 00:35:13,600 --> 00:35:16,960 into a policy topic and then you can start to say like OK, do you 686 00:35:16,960 --> 00:35:18,920 think they're going to hit? It here, Well, you stop slamming 687 00:35:18,920 --> 00:35:20,640 censorship out of nowhere, right? 688 00:35:21,440 --> 00:35:23,120 They started talking about Europe and what was happening 689 00:35:23,120 --> 00:35:25,880 and it's interesting. Shops in 9090 cents. 690 00:35:25,880 --> 00:35:29,560 We thought it maybe it hit and we didn't hear it, but people 691 00:35:29,560 --> 00:35:32,440 were just betting hard on it live, which definitely add to 692 00:35:32,440 --> 00:35:34,480 the phone and a little bit stretchy. 693 00:35:35,200 --> 00:35:41,200 Yeah, that was, that was a lot. That was a lot of fun. 694 00:35:41,200 --> 00:35:42,880 Anyways, what else you got here, Tyler? 695 00:35:42,880 --> 00:35:45,120 What else you got here 1st? I'm going through your, I'm 696 00:35:45,120 --> 00:35:48,120 going through the you're, you're lucky leading your newsletter 697 00:35:48,120 --> 00:35:50,160 here. I mean, I saw this trade. 698 00:35:50,160 --> 00:35:52,240 Remember when these trades, the only thing that this trade 699 00:35:52,240 --> 00:35:55,640 reminded me, it made me sad. These trades used to be the 700 00:35:55,640 --> 00:35:58,200 norm. This was another hour in NFTS. 701 00:35:59,960 --> 00:36:01,880 Yeah, we'd see these blockbusters on the daily. 702 00:36:02,760 --> 00:36:04,600 When's the last time you even saw a trade like this? 703 00:36:04,600 --> 00:36:06,840 Probably. I mean, 2023. 704 00:36:06,880 --> 00:36:08,200 I don't know. I can't even tell you if I've 705 00:36:08,200 --> 00:36:12,120 seen one this year. I like the doodles bag if I have 706 00:36:12,120 --> 00:36:14,320 to pick which side of this trade. 707 00:36:15,360 --> 00:36:20,000 Giving all the doodles positive momentum, of course, yeah. 14 708 00:36:20,000 --> 00:36:23,360 multiple rainbows in there. You got some, You got a balloon. 709 00:36:23,880 --> 00:36:28,080 I'm just I guess the the bear market really desensitized me to 710 00:36:28,080 --> 00:36:33,680 like rarity and midcap and oh, it's got puke rainbow like dude, 711 00:36:34,240 --> 00:36:37,240 like I don't know. I don't know. 712 00:36:37,360 --> 00:36:40,000 I think the midcap trees Mando, who's it? 713 00:36:40,280 --> 00:36:43,880 What was this with the rec guy? Did some guy this some dude 714 00:36:43,880 --> 00:36:47,120 spent like 50 grand on red guys the other day like on 2 red guys 715 00:36:47,120 --> 00:36:49,480 is that what I saw? Yeah, there was a big some, some 716 00:36:49,480 --> 00:36:53,000 red, red guys went through the diamond Dolly, only diamond 717 00:36:53,000 --> 00:36:54,200 Dolly. She was a the golden girl. 718 00:36:54,200 --> 00:36:59,760 But yeah, the we had we had some, some buys looks like. 719 00:37:00,760 --> 00:37:03,160 Did you see the Did you see the advertisement for red drinks 720 00:37:03,160 --> 00:37:05,160 yesterday? I did not. 721 00:37:05,160 --> 00:37:07,840 Oh, I missed it. Look, these guys this guy 722 00:37:07,840 --> 00:37:09,760 bought. Oh damn, one of them suspicious. 723 00:37:09,760 --> 00:37:14,360 Oh shit he bought a. He's not a tagged rec guy. 724 00:37:15,680 --> 00:37:17,040 We care. We care about those tags 725 00:37:17,040 --> 00:37:17,960 anymore. I mean like. 726 00:37:18,640 --> 00:37:20,680 We really don't. That's so 2021. 727 00:37:20,680 --> 00:37:22,480 Remember when life was so tough back then? 728 00:37:22,480 --> 00:37:24,640 We used to argue about about that. 729 00:37:25,520 --> 00:37:26,920 What did you tell me? Rec Drinks. 730 00:37:26,920 --> 00:37:31,120 Go on correct drinks we've got got living carpets now. 731 00:37:31,120 --> 00:37:34,600 Is the new one of the new? I oh, no, no, I saw it. 732 00:37:34,600 --> 00:37:35,560 Let's play it. I saw it. 733 00:37:35,560 --> 00:37:38,840 I saw it. I met this MFR in Miami right? 734 00:37:40,360 --> 00:37:43,440 On the Living Carpets You May Know me from the hit ITV 1 735 00:37:43,440 --> 00:37:48,760 documentary It's Showtime. I remember beating all of the 736 00:37:48,760 --> 00:37:52,160 papers. National TV 2. 737 00:37:54,280 --> 00:37:55,360 I knew that. Wasn't Hammond? 738 00:37:57,040 --> 00:38:00,240 She thought it was hilarious. Do you remember? 739 00:38:00,240 --> 00:38:02,240 When Nana used to say I look like Michael Bublé, Yes, Dad. 740 00:38:06,280 --> 00:38:08,440 Unfortunately, my Hollywood career hasn't taken off as it 741 00:38:08,440 --> 00:38:10,480 hoped, but I have landed a job selling. 742 00:38:10,480 --> 00:38:12,680 Sparkling water. Wreck drinks. 743 00:38:20,520 --> 00:38:23,600 He's been a holder for a long time, but that. 744 00:38:23,920 --> 00:38:25,600 Is good he's. Going to be quite a few of these 745 00:38:25,600 --> 00:38:27,760 things. That is good. 746 00:38:27,760 --> 00:38:28,960 I like him. He's fun. 747 00:38:29,040 --> 00:38:31,000 We he, he, we met him right in Miami. 748 00:38:31,400 --> 00:38:34,080 He was there at Yeah, when you guys had the. 749 00:38:34,160 --> 00:38:36,880 Yeah, he came to Miami. He's one of the winners of the 750 00:38:36,880 --> 00:38:39,240 of the competition. This is good. 751 00:38:39,240 --> 00:38:40,800 This is good. I mean when. 752 00:38:41,120 --> 00:38:43,520 I mean when? When what? 753 00:38:43,520 --> 00:38:45,840 A drank point. When drank points are you 754 00:38:45,840 --> 00:38:48,840 farming drank points, Tyler? No, I need to be. 755 00:38:51,320 --> 00:38:53,320 Put it at the bottom of Mando minutes now just. 756 00:38:54,520 --> 00:38:56,400 There you go. You don't even you don't even 757 00:38:56,400 --> 00:38:57,880 have a wreck guy. You can just get started. 758 00:38:58,200 --> 00:38:59,960 So British love it. I love that. 759 00:39:02,120 --> 00:39:04,360 Yeah, British people are very funny. 760 00:39:04,800 --> 00:39:07,400 Very dead man. Yeah, it was great. 761 00:39:07,400 --> 00:39:09,760 Remember when Nan you said look at Michael Bublé? 762 00:39:10,320 --> 00:39:13,960 That is hilarious, Tyler. Did a side by side comparison 763 00:39:13,960 --> 00:39:15,640 him on the rec? On the rec he kind. 764 00:39:16,040 --> 00:39:18,960 Of looks like Michael Bublé from from wish.com. 765 00:39:18,960 --> 00:39:21,720 You know, do. You see, I think they someone 766 00:39:21,720 --> 00:39:24,560 sent out a tweet about it. No we didn't. 767 00:39:25,040 --> 00:39:27,080 So where did I see it? Someone did a side by side 768 00:39:27,080 --> 00:39:28,640 comparison with him and Michael Bublé. 769 00:39:30,560 --> 00:39:35,600 You know what? I see it, I see it. 770 00:39:36,520 --> 00:39:39,280 Look, what do you think? You cannot kind of gives me, you 771 00:39:39,280 --> 00:39:43,960 know, kind of he's kind of kind of does look like Michael Bublé, 772 00:39:43,960 --> 00:39:48,920 Does he, Huh. Not bad, not bad. 773 00:39:48,920 --> 00:39:50,480 Living carpets. You're probably listening to 774 00:39:50,480 --> 00:39:52,680 this show. You don't worry, Nan. 775 00:39:53,000 --> 00:39:55,520 Nan was right. You, you you kind of didn't look 776 00:39:55,520 --> 00:39:59,480 like like Michael Bublé. Anyways, Tyler, anything else 777 00:39:59,480 --> 00:40:01,080 before we go on to picky winners today? 778 00:40:02,160 --> 00:40:04,600 Yeah, maybe the only other one. It was another Polymarket 779 00:40:04,600 --> 00:40:07,520 headline actually is going back. So they've partnered with this. 780 00:40:08,120 --> 00:40:10,080 I saw Howard surgeon called Perplexity. 781 00:40:10,320 --> 00:40:13,040 I guess Perplexity hadn't really been on my radar, but some of 782 00:40:13,040 --> 00:40:16,440 the my is more deep in the AI circle saying this, this one's 783 00:40:16,440 --> 00:40:18,840 pretty legit and they've been using it and they've been doing 784 00:40:18,880 --> 00:40:22,200 a pretty good job. The team of Perplexity with this 785 00:40:22,720 --> 00:40:26,640 chip, it's it's going two ways. So Polymarket will now show a 786 00:40:26,640 --> 00:40:30,360 summary of news related to each of the betting lines powered by 787 00:40:30,360 --> 00:40:33,280 perplexity and then on the perplexity side, they are going 788 00:40:33,280 --> 00:40:39,840 to be showing. Oh no, he had perfect Internet 789 00:40:39,840 --> 00:40:44,560 for 40 minutes. So that was, yeah, it's an 790 00:40:44,560 --> 00:40:46,160 interesting one. I don't think they've started 791 00:40:46,160 --> 00:40:48,480 the partnership yet. I mean, I haven't seen, I 792 00:40:48,480 --> 00:40:52,520 haven't seen it, but it'll be I'll be curious to see what this 793 00:40:52,520 --> 00:40:55,560 actually looks like in practice. You know, I noticed every time 794 00:40:55,560 --> 00:40:59,720 you say a word that starts with P, you're your Internet. 795 00:41:00,360 --> 00:41:01,600 Just. Goes off. 796 00:41:01,840 --> 00:41:04,520 Maybe it's you're you're cursed. I don't know what happened to 797 00:41:04,520 --> 00:41:05,960 Pack Moon, by the way. Yesterday. 798 00:41:06,000 --> 00:41:07,960 Was that yesterday? Burns tomorrow. 799 00:41:08,600 --> 00:41:10,400 Oh, it's tomorrow. Burn ends tomorrow and then you 800 00:41:10,400 --> 00:41:12,880 get to tokens on the 15th. Ah, OK, OK, OK, OK. 801 00:41:13,240 --> 00:41:17,360 Hopefully it's saves Solana. Let's say make Solana meme coins 802 00:41:17,400 --> 00:41:22,200 great again. Yeah, make, you know, make make 803 00:41:22,200 --> 00:41:24,040 meme Solana meme coins great again. 804 00:41:24,840 --> 00:41:29,040 That's, that's funny. I guess we'll see where this 805 00:41:29,040 --> 00:41:30,760 takes some. I'm looking at the news. 806 00:41:30,760 --> 00:41:33,960 There's this like evidence that the crypto crackdown that may 807 00:41:33,960 --> 00:41:39,080 continue post post from the dams that came out this morning. 808 00:41:39,080 --> 00:41:41,200 I saw J safe shared this morning before the show. 809 00:41:41,200 --> 00:41:42,600 Do we know anything more about this? 810 00:41:43,400 --> 00:41:45,160 I said it. I said it before. 811 00:41:45,160 --> 00:41:48,240 Yeah, yeah, I was saying that some news came out that she's 812 00:41:48,240 --> 00:41:51,360 going to be having these economic advisors. 813 00:41:51,840 --> 00:41:54,600 Who? Are not looking great right and 814 00:41:54,600 --> 00:41:58,240 then 15 minutes ago Ted Cruz says what Bitcoin presents is an 815 00:41:58,240 --> 00:42:00,280 upper engine real time to enhance residency in our grades 816 00:42:00,280 --> 00:42:04,120 so taxes you see that did you guys see this even Drake left 817 00:42:04,120 --> 00:42:10,400 Canada look at that I opened Instagram yesterday he he's from 818 00:42:10,440 --> 00:42:13,840 he lives in Texas now what do you mean why because dude. 819 00:42:14,600 --> 00:42:18,000 Doesn't he have like $150 million a year deal with stake? 820 00:42:19,040 --> 00:42:20,400 Yeah, that's why you leave Canada. 821 00:42:21,320 --> 00:42:24,320 No, but you, you. I think he has to be in Yeah, 822 00:42:24,320 --> 00:42:27,120 he. Probably set up his maybe. 823 00:42:27,120 --> 00:42:29,640 Maybe set up his deal somewhere. That doesn't look. 824 00:42:29,640 --> 00:42:31,280 Is that a? Is that a passport though? 825 00:42:31,720 --> 00:42:34,600 No, that's the driver's identity card, Yeah. 826 00:42:34,880 --> 00:42:38,080 Where in Texas does he live? I don't know, but he left Texas 827 00:42:38,080 --> 00:42:40,520 bro, and he probably in Houston actually know what he's pretty 828 00:42:40,520 --> 00:42:43,480 tight to the J Prince, the Prince family there, right, J 829 00:42:43,480 --> 00:42:46,680 Prince and Josh like they they run when his song mop Ties is 830 00:42:46,680 --> 00:42:48,960 about them. Houston, they run music there. 831 00:42:49,600 --> 00:42:54,120 OK, He actually had Kendrick Lamar's song banned in the 832 00:42:54,120 --> 00:42:57,160 streets of Houston. They were not DJs were not 833 00:42:57,160 --> 00:43:01,360 allowed to play the not like a song or else they would get in 834 00:43:01,360 --> 00:43:04,640 trouble. So he's in the, he's in Texas 835 00:43:04,640 --> 00:43:07,920 now like everybody else, you know, and so and so even Drake 836 00:43:07,920 --> 00:43:09,960 left Canada. So it's only me left over here. 837 00:43:10,920 --> 00:43:12,840 It's only me left. Where did he live there? 838 00:43:13,440 --> 00:43:15,320 Was there was dreams of you coming to Portugal and you come 839 00:43:15,320 --> 00:43:19,160 silent on me? I I kind of rugged you there, 840 00:43:19,160 --> 00:43:20,920 but I'm not it's not off the car. 841 00:43:20,920 --> 00:43:22,400 It's. Not Danny, Danny messing me 842 00:43:22,560 --> 00:43:25,520 other day, we're all going to go live in Italy and then then text 843 00:43:25,520 --> 00:43:27,960 me the next day being actually scrapped that taxes have 844 00:43:27,960 --> 00:43:29,560 doubled. I was like, OK, OK. 845 00:43:30,920 --> 00:43:34,360 So basically Danny Harold, myself, we're thinking about 846 00:43:34,360 --> 00:43:36,560 Milano. I like Milan better than 847 00:43:36,560 --> 00:43:39,000 Portugal, I speak Italian, I love Italy. 848 00:43:39,280 --> 00:43:42,680 It's centrally Europe and there's a lump sum tax regime 849 00:43:42,680 --> 00:43:46,360 over there, expats Repelli. They've doubled it, so we may 850 00:43:46,360 --> 00:43:48,720 have to go back to Portugal. My only issue with Portugal is 851 00:43:48,720 --> 00:43:51,000 there's no. We don't want you, you know, We 852 00:43:51,000 --> 00:43:52,400 don't want to be anyone's second choice. 853 00:43:54,920 --> 00:43:57,040 God damn it. Are you in are you in Portugal 854 00:43:57,040 --> 00:43:58,880 for the long haul Mando or is this just like a? 855 00:43:59,920 --> 00:44:01,400 I'm in here for the long haul, baby. 856 00:44:01,840 --> 00:44:05,240 Man, this guy's living, bro. This guy's whole company, his 857 00:44:05,240 --> 00:44:07,920 child, everything, everything's, he's, he's there. 858 00:44:08,320 --> 00:44:11,200 He's there, you know, you know, he's a, he's a, he's our Guinea 859 00:44:11,200 --> 00:44:14,720 pig, he's a, he's AB testing Portugal for us and then we'll 860 00:44:14,720 --> 00:44:16,280 make a decision. I don't. 861 00:44:16,280 --> 00:44:19,880 I don't need to move. It's so true though, like 862 00:44:20,000 --> 00:44:22,640 Portugal is a good life I believe that Portugal is such a 863 00:44:22,640 --> 00:44:25,240 good life. I want to go there may Portugal, 864 00:44:25,240 --> 00:44:29,120 Portugal or or anyways stay tuned for another episode of my 865 00:44:29,120 --> 00:44:32,600 life where I have to finally get around to leaving Canada, but I 866 00:44:33,000 --> 00:44:35,680 I can't because I'm so busy and I keep pushing it forward 867 00:44:35,920 --> 00:44:37,720 backwards. Anyways, come to Switzerland, 868 00:44:37,720 --> 00:44:39,560 bro. Motherfucker, you can't even I 869 00:44:39,560 --> 00:44:41,400 can't even afford coffee in Switzerland, bro. 870 00:44:41,760 --> 00:44:43,680 This is easy. I go to Switzerland like two or 871 00:44:43,680 --> 00:44:46,000 three times a year to see Danny bro. 872 00:44:46,440 --> 00:44:49,040 You can. It's like $25 for two coffees. 873 00:44:49,960 --> 00:44:52,600 Like I managed to spend like $3000 in four days in 874 00:44:52,600 --> 00:44:54,000 Switzerland. I didn't even have to pay for a 875 00:44:54,000 --> 00:44:56,640 hotel. Fuck this anyway, but I love 876 00:44:56,640 --> 00:44:58,360 Swiss. OK hopes twice. 877 00:44:58,560 --> 00:44:58,920 I like it.