1 00:00:00,160 --> 00:00:01,760 Yo, what up what up Good morning. 2 00:00:01,760 --> 00:00:16,480 Good morning, GMG Thursday, Thursday, August 15th, 2024 Baby 3 00:00:16,840 --> 00:00:19,720 look at that another beautiful day. 4 00:00:19,720 --> 00:00:26,000 You have a beautiful day. I got my coast in the house. 5 00:00:26,640 --> 00:00:30,480 Tyler, how you doing today? You you have seemingly changed 6 00:00:30,560 --> 00:00:32,600 areas. This is nice dude. 7 00:00:33,480 --> 00:00:35,320 I'm good. It cannot. 8 00:00:35,360 --> 00:00:38,000 My Wi-Fi is not good today. So I'm I'm done dealing with 9 00:00:38,000 --> 00:00:39,840 that. Moved downstairs, so coming to 10 00:00:39,840 --> 00:00:44,840 you live from my kitchen table. But the the Internet signal is 11 00:00:44,840 --> 00:00:46,320 stronger down here, so we should be good. 12 00:00:47,520 --> 00:00:50,440 And yeah, I mean, who cares about the the Wi-Fi with these 13 00:00:50,440 --> 00:00:52,240 markets? We're back alive, we're pumping. 14 00:00:52,560 --> 00:00:54,720 You're long looking, kind of nice. 15 00:00:55,000 --> 00:01:01,120 Dude, yeah, I mean, I, I'm longer a whole $1000, what is 16 00:01:01,120 --> 00:01:03,800 it, 500 bucks? So I was doing good. 17 00:01:04,440 --> 00:01:08,360 You know, I figured instead of throwing $500,500 to $1000 on 18 00:01:08,360 --> 00:01:11,520 shitters left and right, I may as well, you know, throw some 19 00:01:11,520 --> 00:01:14,720 cheeky longs here and there for fun, just to feel something, you 20 00:01:14,720 --> 00:01:17,800 know, but probably going to get chopped in and wrecked. 21 00:01:18,080 --> 00:01:21,400 The other day I went for fun. I went like 200 X but like 500 22 00:01:21,400 --> 00:01:24,920 bucks like whatever, and I think it lasted a whole like 45 23 00:01:24,920 --> 00:01:27,240 minutes. At least it was 4500. 24 00:01:27,480 --> 00:01:29,920 Hey, I lasted 45 minutes. The average man last. 25 00:01:29,920 --> 00:01:33,400 OK, never mind, but. What's your average time like 26 00:01:33,480 --> 00:01:36,440 when you're when you open up A50X trade like what are you 27 00:01:36,440 --> 00:01:38,080 looking at holding it for two hours like? 28 00:01:38,200 --> 00:01:42,480 Yeah, like 50X. Like it's like it's in and out 29 00:01:42,640 --> 00:01:47,080 for like just for the, you know, typical degenerate, you know, 30 00:01:47,080 --> 00:01:48,560 behavior, right? Like gotta feel it. 31 00:01:48,560 --> 00:01:53,120 But before, like I was doing pretty good, like beginning of 32 00:01:53,120 --> 00:01:55,280 the cycle, like because there's always an easy mode, right? 33 00:01:55,280 --> 00:01:56,440 We talked about easy mode yesterday. 34 00:01:56,440 --> 00:01:59,520 Quickly easy mode. I would leave it for for a few 35 00:01:59,520 --> 00:02:04,640 days like, but low, low, low levels like 5X like 7, like 36 00:02:04,960 --> 00:02:08,680 something really low. Like I had this big Solana long 37 00:02:08,680 --> 00:02:12,960 ones from like I think 60 to 90 or was it 90 to 120? 38 00:02:12,960 --> 00:02:15,560 I forgot. But I went like, I don't know, 39 00:02:15,560 --> 00:02:19,840 million dollar size, but it was like 3X, you know, So it's like 40 00:02:20,080 --> 00:02:25,240 your risk is not as as big and and the upside is nice. 41 00:02:25,240 --> 00:02:27,240 Plus easy mode. You know when it's that's why I 42 00:02:27,240 --> 00:02:29,320 keep telling people and be careful of chop, like you'll 43 00:02:29,320 --> 00:02:32,280 know when it's easy mode. Like this is hard mode. 44 00:02:32,360 --> 00:02:35,800 This is like this is like hard mode, hardcore mode for a 45 00:02:35,800 --> 00:02:38,120 trader, like the day traders trading leverage. 46 00:02:39,040 --> 00:02:41,840 I I don't levy them. This is like this is harder than 47 00:02:41,840 --> 00:02:46,240 probably pump fun trenches bro you know? 48 00:02:46,560 --> 00:02:49,040 For sure, like the we got soft inflation data yesterday and 49 00:02:49,040 --> 00:02:52,160 everything dropped, Yeah and then the the the numbers are 50 00:02:52,240 --> 00:02:53,600 better this morning and everything ripped. 51 00:02:53,600 --> 00:02:56,120 But like, it's hard to. Predict before they ripped, they 52 00:02:56,120 --> 00:02:59,520 dropped like they ripped, they dropped and they ripped again 53 00:02:59,520 --> 00:03:03,080 like 2 minutes ago, right? So like for for the people like 54 00:03:03,120 --> 00:03:05,400 so for some people that are like leverage trading and stuff, but 55 00:03:05,400 --> 00:03:08,200 I think most of the big CT folks, what they do is they they 56 00:03:08,200 --> 00:03:11,640 leverage trade on very low leverage with with like what's 57 00:03:11,640 --> 00:03:14,440 it called when you have money in your with funding, right? 58 00:03:14,440 --> 00:03:17,280 They have the funding to offset like when it goes down and they 59 00:03:17,280 --> 00:03:18,640 just keep fighting to their funding. 60 00:03:19,000 --> 00:03:22,120 But then like you, you're always scared of the overhang of like 61 00:03:23,160 --> 00:03:29,600 of like you're of like a Black Swan like headline, right? 62 00:03:29,600 --> 00:03:33,200 The headline risk right now in the in the Super liquid market 63 00:03:33,200 --> 00:03:36,920 is so big, right? Like one bad headline and we're 64 00:03:36,920 --> 00:03:40,480 just fucking nuking 10%. So that's the scary part. 65 00:03:40,480 --> 00:03:43,080 But anyways, so that was so today. 66 00:03:43,080 --> 00:03:45,840 Today, let me get some retweets in here on the show. 67 00:03:45,840 --> 00:03:47,600 What do we got? We got market report as usual. 68 00:03:47,600 --> 00:03:50,760 Manuel's not going to be with us this this morning, but we're 69 00:03:50,760 --> 00:03:52,280 still going to go through some market reporting. 70 00:03:52,760 --> 00:03:54,040 We'll keep the show short and sweet. 71 00:03:54,040 --> 00:03:56,680 Probably Tyler's top 100. We'll see what Tyler's got in 72 00:03:56,680 --> 00:03:57,840 store for us. We definitely have some 73 00:03:57,840 --> 00:04:00,600 conversations to be had today regarding NFTS and whatnot. 74 00:04:00,600 --> 00:04:04,200 And then agree to agree or disagree. 75 00:04:04,320 --> 00:04:09,720 Agree to disagree segment, but we have a tweet for y'all and 76 00:04:09,760 --> 00:04:11,040 curious to hear everyone's thoughts. 77 00:04:11,040 --> 00:04:13,160 So we're broadcasting live. We're going to post a broadcast 78 00:04:13,160 --> 00:04:15,040 link in a second here. Thank you, Sims. 79 00:04:15,040 --> 00:04:18,519 I'm going to post it right now and so you can watch us live on 80 00:04:18,519 --> 00:04:21,279 YouTube or on X broadcast and share your thoughts 'cause I can 81 00:04:21,279 --> 00:04:24,640 read them on the bottom right hand side of my screen every day 82 00:04:24,640 --> 00:04:27,880 while FOMO our episode 180. Absolutely love to see it. 83 00:04:27,880 --> 00:04:30,400 All right, Tyler, what I'm just going to play your Jingle 84 00:04:30,400 --> 00:04:32,200 because we don't have our board Mando today. 85 00:04:32,680 --> 00:04:33,480 Where is it? Where is it at? 86 00:04:33,480 --> 00:04:41,120 Where is that NFT and crypto analysis Tyler team on FOMO our 87 00:04:41,120 --> 00:04:46,440 calls the kid can. Great to bash some bears, Yeah, 88 00:04:46,440 --> 00:04:49,800 for a quick market report here. Crypto majors rallying a bit 89 00:04:49,800 --> 00:04:53,920 here this morning after a huge beat on retail sales and 90 00:04:53,920 --> 00:04:57,680 unemployment data. OSF calling for a soft landing. 91 00:04:57,680 --> 00:05:00,240 He says the soft landing very much intact. 92 00:05:00,720 --> 00:05:02,560 He likes it. Stock market likes it. 93 00:05:02,560 --> 00:05:04,320 Stocks are very green this morning. 94 00:05:04,320 --> 00:05:09,080 Some major stocks like NVIDIA full V shape recovery now really 95 00:05:09,440 --> 00:05:11,480 since the yen carry trade blow up. 96 00:05:11,480 --> 00:05:16,920 So they are all the way back up and it happens pretty, pretty 97 00:05:16,920 --> 00:05:20,640 damn fast. So you, you love to see that if 98 00:05:20,640 --> 00:05:24,040 you're in the, the stock market. I guess quickly on NVIDIA. 99 00:05:25,200 --> 00:05:28,400 So this one actually, I got a little concerned last night. 100 00:05:28,400 --> 00:05:31,400 I think Stanley Drunkenmiller sold off all of his NVIDIA 101 00:05:31,400 --> 00:05:34,800 shares yesterday. I think there's some concerns 102 00:05:34,800 --> 00:05:39,480 about their earnings coming up. I think Mando shared the the 103 00:05:39,480 --> 00:05:43,720 next big macro event on the on the dock. 104 00:05:43,720 --> 00:05:46,280 I think it's the 28th, so still two weeks away. 105 00:05:46,800 --> 00:05:49,920 I think it's been when you're at all time highs like this, like 106 00:05:49,920 --> 00:05:51,720 you just can't have anything go wrong. 107 00:05:52,320 --> 00:05:54,600 And I think I saw some reports that they're going to miss a big 108 00:05:54,600 --> 00:05:55,480 shipment. I don't know. 109 00:05:55,480 --> 00:05:57,880 So I think there's some there's some trepidation over NVIDIA, 110 00:05:57,880 --> 00:06:02,600 but they are they're doing well. It's back to the report. 111 00:06:02,600 --> 00:06:04,720 I'll quickly run through these and then we can dive into some 112 00:06:06,040 --> 00:06:10,360 USDC founder Jeremy Allaire. He's alluding that USDC could 113 00:06:10,360 --> 00:06:13,960 becoming available on iPhones because of this Apple 114 00:06:13,960 --> 00:06:16,720 announcement that developers will be able to use their 115 00:06:16,720 --> 00:06:19,680 payment chip starting in iOS 18.1. 116 00:06:19,680 --> 00:06:22,440 That is the next iPhone update. So there's a lot to unpack 117 00:06:22,440 --> 00:06:24,480 there. We saw Fidelity's head of 118 00:06:24,480 --> 00:06:27,760 digital asset management say the firm is evaluating projects like 119 00:06:27,760 --> 00:06:30,800 stablecoins, tokenized treasuries on chain credit and 120 00:06:30,800 --> 00:06:32,400 more. So Fidelity looking to get 121 00:06:32,400 --> 00:06:35,160 deeper on chain. That's a big one. 122 00:06:35,480 --> 00:06:38,320 We had the as government transfers $600 million of Mount 123 00:06:38,560 --> 00:06:41,840 Mount Cox Bitcoin on Wednesday led to speculation that the 124 00:06:42,000 --> 00:06:43,200 concerns that they're going to sell. 125 00:06:43,200 --> 00:06:45,880 I don't think we've seen any evidence of them selling just 126 00:06:45,880 --> 00:06:48,680 yet, but the the concerns are raised. 127 00:06:48,680 --> 00:06:51,000 In more positive news, Wisconsin, the state of 128 00:06:51,000 --> 00:06:54,160 Wisconsin, my neighbor to the north, they now own 2.9 million 129 00:06:54,160 --> 00:06:58,560 shares of, I bet worth nearly $100 million disclosing their 130 00:06:58,560 --> 00:07:01,240 latest SEC filings. So cheese and Bitcoin, that's 131 00:07:01,240 --> 00:07:03,680 what they do with them. Cheese. 132 00:07:04,400 --> 00:07:06,240 Yes, Wisconsin is the cheese state. 133 00:07:06,400 --> 00:07:09,920 Really cheese. Interesting, What kind of 134 00:07:09,920 --> 00:07:12,840 cheese? I think cheddar. 135 00:07:12,840 --> 00:07:16,760 I'm actually not an expert in the Wisconsin cheese market. 136 00:07:16,960 --> 00:07:18,960 You know I'm French, so you know I can't know my cheese. 137 00:07:18,960 --> 00:07:24,280 You know, yes, indeed. We'll come back to the to the 138 00:07:24,280 --> 00:07:25,720 cheese. Here, a few more headlines. 139 00:07:26,000 --> 00:07:29,000 Telegram, their developers announced that users can send 140 00:07:29,000 --> 00:07:31,400 stars to content creators and channels. 141 00:07:32,360 --> 00:07:34,400 These stars can be converted into tons. 142 00:07:34,400 --> 00:07:38,000 So they've effectively turned on crypto payments for creators. 143 00:07:38,360 --> 00:07:42,480 That's a big one in the most growing crypto native social 144 00:07:42,480 --> 00:07:46,360 messaging app there. In politics, US Senator Schumer, 145 00:07:46,720 --> 00:07:49,920 leader of the Senate, he committed to passing Bitcoin and 146 00:07:49,920 --> 00:07:54,720 digital asset legislation out of the US Senate by the end of this 147 00:07:54,720 --> 00:07:57,480 year, bringing senators together across the aisle. 148 00:07:57,480 --> 00:08:02,600 So I think that was a a positive outcome from the crypto for 149 00:08:02,600 --> 00:08:06,240 Harris rally that took place last night and memes quickly 150 00:08:06,240 --> 00:08:08,280 running through this meme leaders are rebounding this 151 00:08:08,280 --> 00:08:11,280 morning mid tiers, though it is a bloodbath across chains. 152 00:08:11,280 --> 00:08:14,360 Just don't look at the board. But Giga, I call it the light in 153 00:08:14,360 --> 00:08:17,400 the darkness. Giga up 20% this morning against 154 00:08:17,400 --> 00:08:20,680 the sea of red. Now the number six meme on salon 155 00:08:20,680 --> 00:08:24,560 at 230 million MC. So shout out to Giga and then 156 00:08:24,560 --> 00:08:26,440 Pac-Man. I can say it now because I'm 157 00:08:26,440 --> 00:08:27,960 downstairs with stronger Internet. 158 00:08:27,960 --> 00:08:31,120 The Pac-Man team, they closed the burn window for PAC, they 159 00:08:31,120 --> 00:08:33,120 took a snapshot. So if even if you missed the 160 00:08:33,120 --> 00:08:35,679 window, you're still going to have a chance to claim army. 161 00:08:35,679 --> 00:08:37,880 It launches later today. We should get the full details. 162 00:08:38,120 --> 00:08:43,320 NFTSNFTS are green across the board, up 10 to 20% on ETH. 163 00:08:43,320 --> 00:08:46,760 Pudgy's up 10%, Bored Apes up 17%. 164 00:08:46,760 --> 00:08:49,440 The Bitcoin NFT leaders are up five to 10% of them as well. 165 00:08:49,440 --> 00:08:52,160 And then D Gods are just smashing on Seoul. 166 00:08:52,160 --> 00:08:55,520 They're up to 34 now, 3X off the bottom. 167 00:08:55,520 --> 00:08:57,720 So that is the the quick rundown. 168 00:08:57,720 --> 00:08:59,960 There's a few areas that we can certainly dive into here. 169 00:09:01,040 --> 00:09:06,760 Damn, that is that is that is a lot to to unpack this morning on 170 00:09:06,760 --> 00:09:08,920 the market level. I mean, it looks like where were 171 00:09:08,920 --> 00:09:15,560 we at 59 five on Bitcoin 2650 Ethereum 144, six on on Solana. 172 00:09:15,560 --> 00:09:19,400 So really unchanged since yesterday or the day before or 173 00:09:19,400 --> 00:09:23,360 the day before that or the day before that as well. 174 00:09:24,720 --> 00:09:29,360 I mean, that was my title today, the eternal chop for the show. 175 00:09:29,360 --> 00:09:32,840 It's it's what it. Feels like. 176 00:09:34,880 --> 00:09:37,960 It's just, we're just gonna what if we chop for life? 177 00:09:38,840 --> 00:09:41,720 Are you ready for that scenario? I think that the reason it's 178 00:09:41,720 --> 00:09:45,920 painful is that the majors are chopping but the meme leaders 179 00:09:45,920 --> 00:09:49,960 are just slowly going down. They're just getting hammered. 180 00:09:51,040 --> 00:09:53,840 And that's where a lot of folks have bags, at least the active 181 00:09:53,840 --> 00:09:56,600 folks on the timeline. And I think that's why the, you 182 00:09:56,640 --> 00:09:59,240 know, sentiment gets worse. Like if we really chop till 183 00:09:59,240 --> 00:10:02,480 November, I think the sentiment is going to get it could get 184 00:10:02,480 --> 00:10:05,280 quite bad, like we're already seeing it. 185 00:10:06,720 --> 00:10:09,000 I mean, fucking months. Can you chop for bro? 186 00:10:09,000 --> 00:10:11,040 Like what are we at? We're at six months that we said 187 00:10:11,040 --> 00:10:12,200 yesterday. So we'll see. 188 00:10:12,200 --> 00:10:14,640 But you know, most people are seeing October. 189 00:10:15,520 --> 00:10:19,200 I mean, we started recovering in September later, so that will be 190 00:10:19,200 --> 00:10:21,800 7-8 months of chop. So hopefully we get at least 191 00:10:21,800 --> 00:10:25,360 like two months of easy mode. Please, I'm not asking for eight 192 00:10:25,400 --> 00:10:27,760 months. Who knows, maybe some of the the 193 00:10:27,840 --> 00:10:30,480 politics stuff will come to light fruition. 194 00:10:30,480 --> 00:10:33,080 Maybe we'll actually get some legislation passed. 195 00:10:34,440 --> 00:10:36,120 I mean, it's in the Democrat interest, right? 196 00:10:36,120 --> 00:10:39,920 It's a, it's a pretty key. I mean, it's a it's a swing 197 00:10:40,080 --> 00:10:43,720 issue for undecided voters. Clearly that the Trump 198 00:10:44,120 --> 00:10:46,640 administration has come out in a very pro crypto. 199 00:10:48,160 --> 00:10:50,560 They didn't see that. So I think it's in their 200 00:10:50,560 --> 00:10:53,200 interest to to try to capture some of those votes back. 201 00:10:53,240 --> 00:10:56,640 Now the question is, are they actually doing it for real or, 202 00:10:56,760 --> 00:10:58,720 you know, is it just to to get votes? 203 00:10:59,120 --> 00:11:02,360 But if like actual legislation can get passed that's meaningful 204 00:11:02,360 --> 00:11:07,560 in the next three to four months, could it could be big 205 00:11:07,560 --> 00:11:08,960 and it could actually have an impact. 206 00:11:08,960 --> 00:11:12,000 So. Yeah, it's, it's. 207 00:11:12,320 --> 00:11:15,000 We'll see. I mean, look, no one's got a 208 00:11:15,000 --> 00:11:18,400 crystal ball, so we'll have to we'll we can only can show up 209 00:11:18,400 --> 00:11:23,000 every day and and wait a little bit and and see what happens on 210 00:11:23,640 --> 00:11:26,400 on on that frauds. So that's that's it for the 211 00:11:26,400 --> 00:11:27,680 market. I don't think Amanda would have 212 00:11:27,680 --> 00:11:30,880 added much more to that. It's just like fuck, like we 213 00:11:30,880 --> 00:11:33,360 just have to wait and see what happens. 214 00:11:33,400 --> 00:11:36,440 Really soft landing, hard landing this and that. 215 00:11:37,440 --> 00:11:39,560 So yeah, we'll wait for the rates cut. 216 00:11:39,560 --> 00:11:40,880 When would be the rates cut in September? 217 00:11:40,880 --> 00:11:43,720 We'll be at FOMC, right? Yeah, I don't have the date on. 218 00:11:43,720 --> 00:11:46,880 That 1718. I've been interested. 219 00:11:46,880 --> 00:11:49,360 So I actually think there's an interesting Poly market line on 220 00:11:49,360 --> 00:11:53,160 that. Yeah, it's how many bips is 221 00:11:53,160 --> 00:11:57,160 cutting right. And 50 has just tanked, so at 222 00:11:57,160 --> 00:12:00,320 one point I think 50 bips was a slight favorite. 223 00:12:00,360 --> 00:12:04,120 Was it? It's down to 13%, so now the 224 00:12:04,120 --> 00:12:06,920 market heavily it's at 81% for just 25 bips. 225 00:12:06,920 --> 00:12:10,200 So they're heavily favoring just a small cut. 226 00:12:11,600 --> 00:12:13,040 I don't know, I'm looking at that. 227 00:12:13,800 --> 00:12:16,080 You can get eight, eight to one return on them coming out of the 228 00:12:16,080 --> 00:12:19,880 gate a little harder and and starting with a A50 bits cut. 229 00:12:19,960 --> 00:12:21,640 I don't know, I'm going to take a hard look at that. 230 00:12:21,640 --> 00:12:24,080 I think it's, it's possible. Also interesting. 231 00:12:24,080 --> 00:12:27,760 I, I want to say that the, the larger markets were pricing that 232 00:12:27,760 --> 00:12:29,920 in at 23%. So a little bit of an ARB. 233 00:12:31,320 --> 00:12:33,880 So I don't know a potential Poly market line to look at that's a 234 00:12:33,880 --> 00:12:36,920 liquid 1/4 and a half million bucks, but on that one. 235 00:12:37,320 --> 00:12:40,200 My my last bet is that Trump is going to fire his campaign 236 00:12:40,200 --> 00:12:43,520 manager, but in August. I mean, what the fuck are they 237 00:12:43,520 --> 00:12:44,800 doing? It's a juicy one. 238 00:12:45,200 --> 00:12:48,400 I mean, you know me, bro. I've been, I, I've been coming 239 00:12:48,400 --> 00:12:51,040 on here and saying, what the hell are these people doing for 240 00:12:51,040 --> 00:12:53,120 a minute now? He's getting cooked on the 241 00:12:53,120 --> 00:12:56,720 markets right now. So apparently now people are 242 00:12:56,720 --> 00:12:59,280 accusing Polymarket of of taking money from the Democrats. 243 00:13:00,520 --> 00:13:05,120 So that was really funny. Yeah, it's up to 59%. 244 00:13:05,160 --> 00:13:07,120 He's going to fire someone. I mean, we know that Trump loves 245 00:13:07,120 --> 00:13:09,360 to fire people, and I think it's no secret. 246 00:13:09,360 --> 00:13:11,800 Pretty liquid because right now it's down back to 39, so I 247 00:13:11,800 --> 00:13:13,720 think. It's OK, Yeah, it must be pretty 248 00:13:13,760 --> 00:13:15,840 liquid. It's $40,000 bet only, so it's 249 00:13:15,840 --> 00:13:17,960 very liquid. So be careful before you bet on 250 00:13:17,960 --> 00:13:19,320 these predictions. Like I know we talked about them 251 00:13:19,320 --> 00:13:21,160 a lot. Just heads up for people because 252 00:13:21,160 --> 00:13:22,920 we're probably going to talk about them every day. 253 00:13:22,920 --> 00:13:27,200 Look at the volume on them, some of them are very liquid. 254 00:13:27,720 --> 00:13:31,000 So please be careful everyone. But yeah, it's something to note 255 00:13:31,200 --> 00:13:32,880 about. The volume and the order book, 256 00:13:32,880 --> 00:13:36,600 so you can see how much your bet size is going to change things 257 00:13:36,880 --> 00:13:39,480 effectively and you you have to be taking a look at that if 258 00:13:39,480 --> 00:13:41,000 you're if you're doing this correct. 259 00:13:41,280 --> 00:13:43,400 That's why you bet, by the way, when I say I bet on it, I put 260 00:13:43,400 --> 00:13:45,720 100 bucks, you know what I mean? It's just, it's just to feel 261 00:13:45,720 --> 00:13:49,720 something, just to say I was right, you know, hey, like, hey, 262 00:13:49,760 --> 00:13:52,880 to me, this all ties back to to to reputation. 263 00:13:52,880 --> 00:13:56,640 But anyways, so Tyler, we got a few things to to talk about this 264 00:13:56,640 --> 00:13:59,080 morning. Where do you even want to start? 265 00:14:00,640 --> 00:14:02,120 Yeah, we. Can hit the Apple stuff real 266 00:14:02,120 --> 00:14:03,680 quick. Apple stuff. 267 00:14:03,680 --> 00:14:04,680 So what? What's with the US? 268 00:14:04,680 --> 00:14:08,160 Because they're going Circle is going public and that's some 269 00:14:08,160 --> 00:14:10,000 conversation about people saying they should have dropped the 270 00:14:10,000 --> 00:14:12,840 token because they would probably have like a massive FDV 271 00:14:12,840 --> 00:14:15,840 in the 20 billion plus. But they've decided to go public 272 00:14:15,840 --> 00:14:18,880 instead, which by the way, probably not a bad one to own in 273 00:14:18,880 --> 00:14:22,400 your retirement account. So what's the tell they are in 274 00:14:22,400 --> 00:14:25,680 Circle and Apple? Yes, the reason that Jeremy 275 00:14:25,680 --> 00:14:33,400 Alaire, you know, CEO of of Circle spoke out yesterday is 276 00:14:33,720 --> 00:14:37,320 Apple released this announcement after basically years of of 277 00:14:37,320 --> 00:14:40,000 pressure. They're going to finally allow 278 00:14:40,000 --> 00:14:45,320 developers to to use that their payment chip in the phones 279 00:14:45,320 --> 00:14:49,280 starting in iOS 18.1. That's the upcoming software 280 00:14:49,280 --> 00:14:53,040 update for the the iPhone payment chip relies on tech like 281 00:14:53,040 --> 00:14:56,920 NFC, so on and so forth. I think where this gets more 282 00:14:56,920 --> 00:14:59,800 interesting is kind of Jeremy's thoughts, and I'll paraphrase a 283 00:14:59,800 --> 00:15:03,760 little bit here. Basically he said until this 284 00:15:03,760 --> 00:15:07,360 update, the only payment app or wallet that could use this chip 285 00:15:07,680 --> 00:15:09,400 was the Apple Wallet or Apple Pay. 286 00:15:09,440 --> 00:15:11,600 So they basically had a total monopoly on it. 287 00:15:11,600 --> 00:15:15,760 By opening this up, other wallet apps like Web 3 wallets like 288 00:15:15,760 --> 00:15:20,280 crypto wallets will now be able to use these chips for 289 00:15:20,280 --> 00:15:22,880 transactions. And he says if an iOS wallet 290 00:15:22,880 --> 00:15:28,040 supports USDC, they can enable a, a UX where a receiving device 291 00:15:28,040 --> 00:15:31,840 could receive the transaction via a tap, just like you have on 292 00:15:31,880 --> 00:15:35,720 Apple Pay. They can develop prompts like 293 00:15:35,720 --> 00:15:38,440 with Face ID for how you can, you know, use, you know, 294 00:15:38,440 --> 00:15:41,840 biometrics to approve transactions. 295 00:15:41,920 --> 00:15:44,440 And then, you know, he goes on to say, if you combine this type 296 00:15:44,440 --> 00:15:47,600 of performance with low fee blockchain networks, it opens up 297 00:15:47,600 --> 00:15:51,760 a pretty powerful pathway for merchants to to start accepting 298 00:15:51,760 --> 00:15:57,280 USDC more across the the board. He then goes deeper into other 299 00:15:57,280 --> 00:16:00,360 use cases like, you know, what this could mean for NFTS, for 300 00:16:00,360 --> 00:16:03,760 tickets, other certificates, other stable coins like the euro 301 00:16:03,760 --> 00:16:07,760 coin. And he's encouraging wallet 302 00:16:07,760 --> 00:16:10,520 developers to, to really start taking a look at Apple iOS, 303 00:16:10,520 --> 00:16:14,800 their SDKS that support this and get ready for what he's calling 304 00:16:14,800 --> 00:16:18,120 USDC tap to pay. I, I mean, it's funny that this 305 00:16:18,120 --> 00:16:20,480 came after yesterday we talked about the Metamask debit card, 306 00:16:20,480 --> 00:16:23,840 which, you know, what was the story, but these debit cards do 307 00:16:23,840 --> 00:16:26,040 exist. But I mean, iPhone is, is 308 00:16:26,120 --> 00:16:27,360 massive, right? And I mean. 309 00:16:27,560 --> 00:16:28,960 Come on, everybody's got an iPhone. 310 00:16:29,000 --> 00:16:30,280 Right. And and everyone now like we're 311 00:16:30,280 --> 00:16:34,480 getting used to like even I was like a pretty slow adopter to 312 00:16:34,480 --> 00:16:35,960 like using my phone for payments. 313 00:16:35,960 --> 00:16:38,280 I just, I don't know for like security and maybe I'm a little 314 00:16:38,280 --> 00:16:43,480 more old fashioned, but it's it's certainly convenient. 315 00:16:43,480 --> 00:16:46,240 And again, this is, I mean, this isn't an order of magnitude 316 00:16:46,240 --> 00:16:48,960 bigger than like the meta mass debit card, right? 317 00:16:48,960 --> 00:16:52,440 If if this actually starts starts happening and it seems 318 00:16:52,440 --> 00:16:53,960 again, like the building blocks are in place. 319 00:16:54,720 --> 00:17:00,720 So it's a, it's a big headline. Yeah, it's a it is huge. 320 00:17:00,760 --> 00:17:03,400 I mean USC payment that company is doing good, but I'm curious 321 00:17:03,400 --> 00:17:07,680 about the I'm excited to see the M go public. 322 00:17:08,599 --> 00:17:11,280 That's definitely one of those stocks you want to watch once it 323 00:17:11,280 --> 00:17:13,560 goes public and live, because if you're bullish on the industry 324 00:17:13,560 --> 00:17:18,000 as a whole, the USDC is fucking leader when it comes to that. 325 00:17:18,079 --> 00:17:22,160 Like obviously tether is like, I mean, tethers are probably the 326 00:17:22,160 --> 00:17:23,560 best business in the world right now. 327 00:17:25,440 --> 00:17:27,160 They have like very little employees. 328 00:17:27,160 --> 00:17:30,040 They make a fucked ton of cash and they have a ton of money in 329 00:17:30,040 --> 00:17:32,760 the in the on the books. But circle is like you know. 330 00:17:33,720 --> 00:17:37,560 I'm trying to pull her up their chart on on D Phiyama right now 331 00:17:38,160 --> 00:17:41,760 but they're up 3034 billion in market cap. 332 00:17:41,760 --> 00:17:44,640 I'm trying to get a growth chart but U. 333 00:17:46,440 --> 00:17:49,520 SDCI don't know how to let me find that here. 334 00:17:50,800 --> 00:17:51,960 Let's go. Slow. 335 00:17:52,600 --> 00:17:56,880 See no circle? I can't find it. 336 00:17:57,800 --> 00:17:59,560 I can see what where they're, you know where they're growing 337 00:17:59,560 --> 00:18:02,160 right now in the last month they're going they're up 11% on 338 00:18:02,160 --> 00:18:03,520 Solana. I don't think that's a huge 339 00:18:03,520 --> 00:18:05,280 surprise. We've been talking about stables 340 00:18:05,800 --> 00:18:11,760 and then 22% on Polygon, which you know what, a lot of that's 341 00:18:11,760 --> 00:18:14,600 probably tied to polymarket, right? 342 00:18:16,480 --> 00:18:17,520 Polygon. Yeah, could be. 343 00:18:17,520 --> 00:18:21,000 I don't think anything else. Because you have to convert to 344 00:18:21,000 --> 00:18:26,360 USDC to deposit on there. They've grown by 22%. 345 00:18:26,360 --> 00:18:29,120 So that's roughly 150 million. Yeah. 346 00:18:30,320 --> 00:18:34,440 Polymarket did 350 million in volume, 380 million in volume 347 00:18:34,440 --> 00:18:36,920 last month, yeah. So that's probably what's 348 00:18:36,920 --> 00:18:40,400 driving that. That's yeah, that's interesting 349 00:18:40,400 --> 00:18:43,480 to see. Yeah, yeah, it's, we'll see 350 00:18:43,480 --> 00:18:45,400 where that goes. But it's it's a very, very 351 00:18:45,400 --> 00:18:48,200 interesting company to follow and they're actually crushing 352 00:18:48,200 --> 00:18:49,760 it. So I know that when they go 353 00:18:49,760 --> 00:18:53,280 public, I personally speaking in the retirement accounts, watch 354 00:18:53,680 --> 00:18:57,240 let it go see you in 20 years type fucking play, you know what 355 00:18:57,240 --> 00:19:01,880 I mean? Like it's, it's that in Coinbase 356 00:19:01,880 --> 00:19:04,120 I love like I, I, I, I got a friend. 357 00:19:04,760 --> 00:19:07,640 I don't do stocks at all, but I had a friend early the cycle 358 00:19:07,640 --> 00:19:09,400 who's dabbling crypto, but mostly stocks. 359 00:19:09,400 --> 00:19:11,880 I, I pretty much forced him to buy Coinbase and he's pretty 360 00:19:11,880 --> 00:19:14,080 happy. He was like 100 bucks sub 100 361 00:19:14,080 --> 00:19:18,160 bucks and he was like, let's go. So I actually let my mom buy 362 00:19:18,160 --> 00:19:19,680 some, but the bank didn't let her. 363 00:19:21,160 --> 00:19:23,280 Clearly it's too risky for her at her age. 364 00:19:23,280 --> 00:19:24,080 I was like. Come on. 365 00:19:24,960 --> 00:19:27,160 Lilly was like, yo, put me on the phone with that idiot. 366 00:19:27,720 --> 00:19:30,960 You know the bankers, right? This other that's another story. 367 00:19:31,640 --> 00:19:33,360 It's very interesting for those of you who are curious about the 368 00:19:33,360 --> 00:19:38,160 USCC story, I'm going to retweet this tweet, this one here 369 00:19:38,240 --> 00:19:42,120 because Jeremy Allaire broke it down himself 17 hours ago. 370 00:19:42,440 --> 00:19:44,200 Lots of chattering questions about my tweet. 371 00:19:44,200 --> 00:19:46,080 A bit more clarity so that people don't make things into 372 00:19:46,080 --> 00:19:49,080 something it's not. And so he kind of like he's kind 373 00:19:49,080 --> 00:19:53,800 of, you know, breaking it down and, and, and why it's a big 374 00:19:53,800 --> 00:19:56,920 deal and also breaking down what it's not as well like this 375 00:19:56,920 --> 00:20:00,720 artificial collab with Apple, but you know, it's still going 376 00:20:00,720 --> 00:20:03,040 to enable like USCC payments on it, yada, yada, yada. 377 00:20:03,040 --> 00:20:06,800 So that is some really big news, Tyler news that you love to see 378 00:20:06,800 --> 00:20:11,400 for the industry. That is honestly, I think that 379 00:20:11,400 --> 00:20:13,240 because we're too close to price action. 380 00:20:13,240 --> 00:20:15,320 But if you look beyond price action, it's definitely a lot of 381 00:20:15,320 --> 00:20:19,320 a lot of incredible things happening in the space. 382 00:20:19,640 --> 00:20:21,360 All right, what else? What else do we? 383 00:20:21,360 --> 00:20:23,040 What else should we double down on? 384 00:20:23,160 --> 00:20:26,160 I was talking of tease. I know you did. 385 00:20:26,840 --> 00:20:28,400 We did one to yesterday. You you weren't buying the 386 00:20:28,400 --> 00:20:30,280 rally, and the rally keeps rallying. 387 00:20:30,800 --> 00:20:32,800 I'll buy it when it rallies. Rallies. 388 00:20:33,160 --> 00:20:35,520 Yes. But except from D gods, it's 389 00:20:35,520 --> 00:20:37,360 like on their own. So that's that's a thing. 390 00:20:37,440 --> 00:20:40,040 That's a that's a that's a beast of their own right now, right? 391 00:20:40,040 --> 00:20:43,640 They're going full D God Mode. But what what what do we what do 392 00:20:43,640 --> 00:20:46,160 you got for us NFT wise? Let's let's pull up the D Jens 393 00:20:46,760 --> 00:20:48,800 this book. I think I, I always start with 394 00:20:48,920 --> 00:20:53,840 the ETH NFTS when you know, I, I go my rounds and take a look at 395 00:20:53,840 --> 00:20:57,280 this market and I mean it starts with, with Board of apes. 396 00:20:58,040 --> 00:21:01,040 They're up 28% this week. They're at 12.6. 397 00:21:01,160 --> 00:21:04,600 I actually don't remember the last time they were this high. 398 00:21:04,600 --> 00:21:08,320 They're up 33% on the month like they, they are moving. 399 00:21:08,560 --> 00:21:11,240 I think a whale came in and did a sweep last night. 400 00:21:11,520 --> 00:21:14,080 It was the same year that's been sweeping Digards, right? 401 00:21:14,520 --> 00:21:19,760 Yeah, yeah, the the same one. And like Cyrus said that he 402 00:21:19,760 --> 00:21:25,280 thinks perhaps the the bottom is in, you know, we, we've, he's an 403 00:21:25,280 --> 00:21:29,400 important signal for folks, I think in the the NFT space. 404 00:21:29,440 --> 00:21:30,840 And I do we actually know if it's in. 405 00:21:30,840 --> 00:21:33,360 Of course it's hard to say. People are speculating perhaps a 406 00:21:33,360 --> 00:21:35,040 big announcement coming out soon. 407 00:21:35,480 --> 00:21:37,720 You know, we know they've been kind of cooking with the other 408 00:21:37,720 --> 00:21:40,800 side and the other side is getting closer. 409 00:21:42,280 --> 00:21:44,120 I'm not sure what type of announcement would really move 410 00:21:44,120 --> 00:21:48,640 the market, but they've got some real momentum. 411 00:21:48,640 --> 00:21:51,480 They've they've re flipped the, the pingus. 412 00:21:51,680 --> 00:21:54,280 So I mean, and Penguins are, are having a nice week themselves. 413 00:21:55,480 --> 00:21:59,080 Pudgies were were well ahead of board apes about a month ago and 414 00:21:59,080 --> 00:22:00,960 now they're, they're down 3 eighth. 415 00:22:01,560 --> 00:22:04,280 So board apes have have made-up the spread and guess what? 416 00:22:04,280 --> 00:22:08,200 Board apes are now more than 50% of the way to to a punk. 417 00:22:08,680 --> 00:22:11,600 So you could sell 2 apes for a punk right now. 418 00:22:12,640 --> 00:22:14,160 The question is, do you? Do you want to? 419 00:22:14,840 --> 00:22:18,920 I will gladly sell them if apes reach punk level. 420 00:22:19,360 --> 00:22:21,640 I'm definitely swapping my for the punk if that happens. 421 00:22:22,360 --> 00:22:24,960 One to one, one to one that feels like a good swap. 422 00:22:24,960 --> 00:22:29,880 Maybe that that is a good lead in to our poll question. 423 00:22:30,600 --> 00:22:33,960 Oh, are we going there? Yeah, this was interesting when 424 00:22:33,960 --> 00:22:37,920 I retweeted it from Old School Texas. 425 00:22:38,880 --> 00:22:42,200 I think that's his handle. Let me find it. 426 00:22:42,200 --> 00:22:44,920 Let me find it. Fuck, I have so many tabs open. 427 00:22:45,760 --> 00:22:48,640 Hold on, hold on, hold on. I got to go to our chat. 428 00:22:48,680 --> 00:22:50,120 Fuck, we talked too much this morning. 429 00:22:50,120 --> 00:22:51,080 OK, I got it. I got it. 430 00:22:52,040 --> 00:22:55,320 Yes, the poll question is would you rather buy one Bitcoin or 431 00:22:55,320 --> 00:22:57,760 one mail? Floor Crypto Punk. 432 00:22:57,960 --> 00:23:00,520 Let us know what you think in the in the in the comments, by 433 00:23:00,520 --> 00:23:02,120 the way. So would you rather want one 434 00:23:02,120 --> 00:23:06,120 Bitcoin or mail floor punk right now? 435 00:23:06,120 --> 00:23:08,040 Which one do you prefer to have bitcoins? 436 00:23:08,040 --> 00:23:10,480 That's 59 five and I'm pretty sure crypto punk, Sir. 437 00:23:11,400 --> 00:23:13,360 Let's say they're on par. Right, Yeah, they're basically 438 00:23:13,360 --> 00:23:17,840 on par, which also just quickly on that I, I knew that the the 439 00:23:17,960 --> 00:23:20,600 ETH Bitcoin ratio had been going down, but I guess I, I haven't 440 00:23:20,720 --> 00:23:25,120 totally compartmentalized that it was 22 ETH per per Bitcoin 441 00:23:25,280 --> 00:23:27,840 roughly. So yeah, assuming that they are 442 00:23:28,040 --> 00:23:31,360 are exactly even, which one are you picking? 443 00:23:31,800 --> 00:23:37,400 So I, I actually voted punks in the poll, but my replies, it was 444 00:23:37,400 --> 00:23:41,720 like 100% Bitcoin. Everyone was picking one Bitcoin 445 00:23:41,720 --> 00:23:44,360 over the punk. And that surprised me. 446 00:23:44,640 --> 00:23:49,800 I got to say I've got a few thoughts. 447 00:23:49,800 --> 00:23:53,080 I feel like people just have these, these wild Bitcoin price 448 00:23:53,080 --> 00:23:57,320 targets in their head from like the Sailor 2040 talk and you 449 00:23:57,320 --> 00:24:00,040 know, these funds who are calling for like $1 million 450 00:24:00,040 --> 00:24:01,160 Bitcoin. And I think it's still very 451 00:24:01,160 --> 00:24:04,520 possible that Bitcoin goes to 1,000,000 by 2040 or something. 452 00:24:04,760 --> 00:24:06,920 It's not going to happen in the next five years. 453 00:24:07,960 --> 00:24:10,200 I'd actually argue there's probably a better chance of a 454 00:24:10,200 --> 00:24:12,280 punk going. I think you've got a better 455 00:24:12,280 --> 00:24:17,040 chance of a a punk going high sometime in the next three to 456 00:24:17,040 --> 00:24:19,800 five years than than you've got on Bitcoin. 457 00:24:21,240 --> 00:24:26,000 So I think I'd like the upside on punks a little bit more here. 458 00:24:26,520 --> 00:24:29,080 Near term. You have to worry about the eat 459 00:24:29,080 --> 00:24:32,440 the Bitcoin ratio for sure, and you have to worry about NFT 460 00:24:32,440 --> 00:24:34,560 demand. But I mean, we're just kind of 461 00:24:34,560 --> 00:24:37,080 hanging out at the lowest levels these things have ever been. 462 00:24:38,520 --> 00:24:40,800 I think perhaps people getting a little bearish at the bottom. 463 00:24:42,040 --> 00:24:51,320 Yeah, fuck, what do I prefer? Got to be careful what I say. 464 00:25:01,360 --> 00:25:02,680 So what? So let's break it down. 465 00:25:02,680 --> 00:25:04,520 What's your price target for Bitcoin this cycle? 466 00:25:04,520 --> 00:25:07,760 Like let's say 2020, 550K, right? 467 00:25:08,200 --> 00:25:10,400 I think that's generally in line with mine as well. 468 00:25:11,040 --> 00:25:13,640 So the question is so my? Base case is 100. 469 00:25:14,720 --> 00:25:17,440 Sorry. Bare case hundred base case 150. 470 00:25:17,440 --> 00:25:22,920 Bull case 250 for me. So what is ETH in this scenario 471 00:25:22,920 --> 00:25:25,480 where Bitcoin's 150K? 10. 472 00:25:26,720 --> 00:25:29,960 OK. I think that's a very reasonable 473 00:25:30,760 --> 00:25:35,920 price target in that scenario. So now all right, 15 E for. 474 00:25:36,080 --> 00:25:38,880 Bitcoin at 150 K you're looking more AT7K ETH. 475 00:25:40,160 --> 00:25:42,480 So let's say we the ratio would go up a bit. 476 00:25:42,480 --> 00:25:46,280 So at 20 per. So no, I'll say 7500 if it's 477 00:25:46,280 --> 00:25:50,200 one, 5010K if it's 250. Yeah, that's actually exactly 478 00:25:50,320 --> 00:25:53,520 where my head is. 7500 Let's call let's let's go per our base 479 00:25:53,520 --> 00:25:58,760 cases, you and IA 150 K Bitcoin let's go $7500 each. 480 00:25:59,240 --> 00:26:01,120 Yeah. Let's let's base this 481 00:26:01,120 --> 00:26:03,880 conversation on that. Where are you going with that? 482 00:26:04,160 --> 00:26:05,960 So where are the punks? Yeah, so now you're talking. 483 00:26:05,960 --> 00:26:08,720 You need 20. You need punks at a 20 E 4. 484 00:26:09,200 --> 00:26:11,480 So punks are 20 ES. That's OK, so. 485 00:26:11,480 --> 00:26:14,880 That's break even at Bitcoin 150K so you need you're betting 486 00:26:14,880 --> 00:26:16,680 on if they're going to be a higher or lower than 20. 487 00:26:17,400 --> 00:26:21,720 So I think that if that's the case, then a punk will 488 00:26:21,720 --> 00:26:25,480 outperform Bitcoin for sure. I, I am absolutely convinced of 489 00:26:25,480 --> 00:26:27,920 that. I I mean, look, I'm a I'm never 490 00:26:27,920 --> 00:26:30,720 selling my fucking punk. Let that be known, right? 491 00:26:30,720 --> 00:26:33,440 And if I say it's always to upgrade my punk is something 492 00:26:33,440 --> 00:26:36,000 that's going to go on to my children or a punk. 493 00:26:36,200 --> 00:26:38,240 You know, one day I hope I have a zombie like I've always wanted 494 00:26:38,240 --> 00:26:42,960 zombies. But but we're talking short term 495 00:26:42,960 --> 00:26:44,880 like this cycle, we're talking short term, we're talking the 496 00:26:44,880 --> 00:26:46,640 next two years, right? We're not talking long term. 497 00:26:47,080 --> 00:26:49,120 So like, what would I rather own this cycle? 498 00:26:49,120 --> 00:26:54,760 One big corner or, or or a punk for pure trade. 499 00:26:56,040 --> 00:26:57,960 I probably fuck, that's a tough one. 500 00:26:57,960 --> 00:27:00,200 You know what it is, you probably want to buy a punk 501 00:27:00,200 --> 00:27:03,200 based on how long we're taking to answer that because it means 502 00:27:03,200 --> 00:27:06,760 that the sentiment is not as high as it was because you asked 503 00:27:06,760 --> 00:27:09,920 that to anyone in 2021, they would have said a punk. 504 00:27:10,280 --> 00:27:13,280 But the Bitcoin since then has out traded the punk, right? 505 00:27:13,280 --> 00:27:15,320 Because Bitcoin's back to the highs of 2021. 506 00:27:15,320 --> 00:27:19,400 Whereas the punk is, you know, punks were signing for 10X 507 00:27:19,400 --> 00:27:22,040 higher right last cycle half $1,000,000. 508 00:27:23,160 --> 00:27:27,120 So I think, I think yeah, we need the historical punks BTC 509 00:27:27,120 --> 00:27:28,960 ratio. Do you guys know how to do you 510 00:27:28,960 --> 00:27:31,480 guys know how to The other thing with cycles is like Yuga didn't 511 00:27:31,480 --> 00:27:33,320 own punks, right? So that's different. 512 00:27:33,400 --> 00:27:35,280 And that's a comment that I'm seeing here from the let's see 513 00:27:35,280 --> 00:27:37,000 what the people think. Someone said I don't trust you 514 00:27:37,000 --> 00:27:40,200 go with punks. Someone said we need historical 515 00:27:40,200 --> 00:27:42,160 punks BTC ratio. Do you know how to pull those 516 00:27:42,160 --> 00:27:42,600 charts? I. 517 00:27:43,200 --> 00:27:47,400 I don't know those. Someone said I think they can go 518 00:27:47,400 --> 00:27:50,480 down another 50%. You know what, like my like I 519 00:27:50,480 --> 00:27:51,560 actually said that to some friends. 520 00:27:51,560 --> 00:27:54,080 I said 2530 K is where I would say like fuck it, like I have to 521 00:27:54,080 --> 00:27:56,200 back up the truck on the punks if that happens. 522 00:27:56,200 --> 00:27:58,040 But I don't think you're going to get it because everyone wants 523 00:27:58,040 --> 00:28:00,480 it it. Feels too low to me. 524 00:28:00,520 --> 00:28:03,520 One thing on Punks that I worries me is that Wilcox 525 00:28:03,520 --> 00:28:05,600 started selling them. So all the clean punks you're 526 00:28:05,600 --> 00:28:09,160 seeing sell sell at Wilcox's Punks was like one of the most 527 00:28:09,160 --> 00:28:14,280 iconic punks collectors ever. So I sell 200 of them. 528 00:28:16,720 --> 00:28:18,920 I don't know. I don't know. 529 00:28:18,920 --> 00:28:21,880 I still think if you were to give me one Bitcoin and one 530 00:28:21,880 --> 00:28:24,600 punk, I'd say give me a punk. I'll, I'll go for the punk. 531 00:28:25,160 --> 00:28:30,480 I'll, I'll, I'll say punk. We're lined, but I think the 532 00:28:30,480 --> 00:28:32,160 fact that it was that hard to choose does. 533 00:28:32,480 --> 00:28:34,200 Yeah, says a lot. Say something. 534 00:28:34,200 --> 00:28:37,120 See, I picked the punk because it was hard to choose. 535 00:28:37,120 --> 00:28:39,840 Does that make sense? I'm trying to make more 536 00:28:40,480 --> 00:28:43,120 decisions in my trading in myself right now. 537 00:28:44,640 --> 00:28:47,240 Anti consensus. I'm trying to, I'm starting to 538 00:28:47,240 --> 00:28:50,040 like get myself more into that mentality these days. 539 00:28:50,360 --> 00:28:53,480 I've like made a consided effort last couple weeks to go against 540 00:28:53,960 --> 00:28:56,320 everything CT says. Little contrarian? 541 00:28:56,440 --> 00:28:59,640 Well CT is saying go Bitcoin, so this is definitely a contrarian. 542 00:28:59,640 --> 00:29:01,880 Point CT also doesn't know what the fuck they're talking about 543 00:29:01,960 --> 00:29:04,160 I've noticed. Like I just straight up like I. 544 00:29:07,640 --> 00:29:11,880 Kind of like this, this punk 20, this punk at 2499, basically on 545 00:29:11,880 --> 00:29:13,920 the floor. He's dark hair, he's got the 546 00:29:13,920 --> 00:29:17,360 beard, he's got the eye mask on. Let's see. 4th on the left, 547 00:29:17,440 --> 00:29:20,400 yeah. That is the one that came to my 548 00:29:20,560 --> 00:29:22,720 like eyes as well. That's a perfect rubber punk. 549 00:29:23,440 --> 00:29:25,520 That's not bad for a basically a floor. 550 00:29:25,680 --> 00:29:28,600 Mother last cycle we would like dream of punks like that. 551 00:29:28,600 --> 00:29:31,240 Like there's a punk like here, let me show you something. 552 00:29:36,200 --> 00:29:37,800 There's a punk that sold yesterday. 553 00:29:37,800 --> 00:29:41,480 I was so shocked I literally went on the three comment spree 554 00:29:41,480 --> 00:29:43,840 yesterday on punks so this is a great sale. 555 00:29:44,120 --> 00:29:48,760 Yeah, the 3D. 47 ETH I see I think these sales for people who 556 00:29:48,760 --> 00:29:50,840 are really loaded like have a lot of money like for someone 557 00:29:50,840 --> 00:29:55,320 who 125 KS fuck all that will like you know that will be that 558 00:29:55,320 --> 00:29:57,680 will be good. It was this one look at this 559 00:29:58,000 --> 00:30:03,560 dude 24 ETH for VR goggles and and a fucking cigarette brother. 560 00:30:03,800 --> 00:30:07,640 You will never see that in 2021. This this punk likely never 561 00:30:07,640 --> 00:30:12,120 sells for for as low but again. Just wait till the VR, the VR 562 00:30:12,120 --> 00:30:16,880 revolution actually comes like it's going to come. 27/5. 563 00:30:16,960 --> 00:30:18,480 That's a good punk, yeah. Like Red. 564 00:30:18,880 --> 00:30:21,360 Wait, that's Benny. I can't believe Benny didn't buy 565 00:30:21,360 --> 00:30:22,880 this. Oh my God. 566 00:30:22,880 --> 00:30:25,080 Sierra commented free. I went on the spree. 567 00:30:25,080 --> 00:30:28,240 I just commented free on every punk sale, even this one. 568 00:30:28,240 --> 00:30:29,640 I think I commented free on this one. 569 00:30:29,880 --> 00:30:33,680 There I am free. I agree with you it's sold 570 00:30:33,680 --> 00:30:36,480 yesterday for 24 persons. Trying to flip him real quick 571 00:30:36,480 --> 00:30:39,720 but see it's Wilcox selling him. All the clean pumps right now 572 00:30:39,840 --> 00:30:44,160 are being sold from this wallet. He has 193 left and he was 573 00:30:44,160 --> 00:30:45,720 inactive for the longest time bro. 574 00:30:47,120 --> 00:30:49,480 That's when you can't even like, read into why he's selling when 575 00:30:49,480 --> 00:30:52,440 he's got, he's got 202 hundred, Yeah. 576 00:30:53,360 --> 00:30:57,080 But someone who held through the like, you don't know personal 577 00:30:57,080 --> 00:30:59,200 people, right? Someone may get sick God forbid, 578 00:30:59,200 --> 00:31:01,280 but like you never know. Like personal issues and stuff. 579 00:31:02,120 --> 00:31:07,040 But someone who has spent an insane amount of time collect. 580 00:31:07,040 --> 00:31:10,120 Look he's claimed them all his punks are clean. 581 00:31:10,400 --> 00:31:13,960 Never bothered to sell since 20. Since 2017. 582 00:31:14,360 --> 00:31:17,000 Selling them now that's usually goes towards a negative 583 00:31:17,000 --> 00:31:19,280 sentiment towards the collection, right? 584 00:31:19,560 --> 00:31:21,320 Well, he's probably an ETH maxi, right? 585 00:31:21,480 --> 00:31:24,840 If he if he was around and claiming these like if you if 586 00:31:24,840 --> 00:31:27,760 you're bullish on ETH, this is a great time to sell because 587 00:31:27,760 --> 00:31:30,040 you're taxable amount is. That's true. 588 00:31:30,280 --> 00:31:32,080 Is very low. That's. 589 00:31:33,160 --> 00:31:34,600 True. Assuming they're in the US and 590 00:31:34,600 --> 00:31:37,280 paying taxes and whatnot. Like you have to be pretty 591 00:31:37,280 --> 00:31:40,000 strategic about how you're going to unload this bag, right? 592 00:31:40,000 --> 00:31:45,560 Like, yeah, so I don't know, I'm not reading too much in them 593 00:31:45,560 --> 00:31:52,320 selling, but I mean, what a bag. Yeah, yeah, yeah. 594 00:31:52,600 --> 00:31:55,640 I mean, I think I think I think we'll see. 595 00:31:55,640 --> 00:31:57,720 But yeah, I'll take a punk. I'll take the punk over one 596 00:31:57,720 --> 00:32:00,160 Bitcoin, you know, and if not just Bitcoin puppets. 597 00:32:00,280 --> 00:32:02,880 Anyways, you have the. Did you have the D gods itch? 598 00:32:02,880 --> 00:32:07,280 Is the D gods FOMO setting in? I I'm not going to lie, I have 599 00:32:07,280 --> 00:32:09,880 been looking at the floor since like 20 sole. 600 00:32:10,280 --> 00:32:13,200 So every day I just checked the D gods floor because I've been 601 00:32:13,200 --> 00:32:14,840 looking. I've been waiting to get like 602 00:32:14,840 --> 00:32:16,880 one that resembles my punk because the day I buy D God I'm 603 00:32:16,880 --> 00:32:18,120 almost not going to fucking sell it. 604 00:32:18,600 --> 00:32:23,280 So I keep looking for the party blower tray, the pipe, and 605 00:32:23,280 --> 00:32:26,160 whenever I get one that resembles my punk, I'll probably 606 00:32:26,160 --> 00:32:28,160 just fault it. I do regret it though, because 607 00:32:28,160 --> 00:32:30,920 there was there was a point last week where I had I connected my 608 00:32:30,920 --> 00:32:33,960 wallet. I, I selected the sweep function 609 00:32:33,960 --> 00:32:36,200 for 10 of them and I didn't do it. 610 00:32:36,480 --> 00:32:38,880 I always have that second talk with NFT. 611 00:32:38,880 --> 00:32:43,240 Still. I, I guess I, I am I, I am I'm, 612 00:32:44,520 --> 00:32:48,360 I'm just still in shock of the whole NFT 2021. 613 00:32:48,360 --> 00:32:50,320 You know, what about you? It's. 614 00:32:51,080 --> 00:32:52,160 Hard to get too of a confident. Yeah. 615 00:32:53,200 --> 00:32:57,120 So I bought I bought AD guys when they they bridged a soul 616 00:32:57,360 --> 00:32:59,840 coming home the the the LeBron story arc. 617 00:33:00,240 --> 00:33:04,520 And then Long story short, I ended up selling it and they 618 00:33:04,520 --> 00:33:07,280 they dipped another 75% after I did. 619 00:33:07,280 --> 00:33:09,440 So it was the right move from a trading perspective. 620 00:33:09,440 --> 00:33:14,080 But now I'm on the sideline and I've missed this whole run off 621 00:33:14,080 --> 00:33:15,920 the bottom. And then it happened fast. 622 00:33:16,000 --> 00:33:21,400 These things were 11 soul on August 6th, that's nine days ago 623 00:33:21,400 --> 00:33:24,880 and now they're at 35 and coupled with my meme coin bag on 624 00:33:24,880 --> 00:33:27,400 slot, it's not doing that great. So I don't have as much free 625 00:33:27,400 --> 00:33:30,320 capital. I put, I put the rest of my 626 00:33:30,320 --> 00:33:33,840 degenerate Solana wallet into a, into a meme coin that I liked a 627 00:33:33,840 --> 00:33:35,400 lot. And that meme coin's down. 628 00:33:35,880 --> 00:33:38,800 Not too worried about it, but the D guards are up. 629 00:33:38,800 --> 00:33:42,320 So like fuck, like you don't sell something that's down to 630 00:33:42,320 --> 00:33:44,200 buy something that's up 3X, You know what I mean? 631 00:33:44,560 --> 00:33:47,080 Right. So it's it's harder to enter 632 00:33:47,080 --> 00:33:51,560 here, but at the same time, like it wouldn't surprise me if like 633 00:33:51,560 --> 00:33:54,360 I, I do think they they are on the trajectory to to retake the 634 00:33:54,360 --> 00:33:58,080 number one spot on Seoul. I think mad lads are 55 like 635 00:33:58,080 --> 00:34:00,280 these can absolutely get to. Is that what it is? 636 00:34:00,880 --> 00:34:04,120 Yeah, and when was the last time you heard someone talk about a 637 00:34:04,120 --> 00:34:05,840 mad lad? Nice. 638 00:34:05,840 --> 00:34:07,480 Oh, they're, they're 49. They're even lower. 639 00:34:07,480 --> 00:34:07,800 Wow. Yeah. 640 00:34:08,280 --> 00:34:09,480 They're going to flip them for sure. 641 00:34:10,320 --> 00:34:13,360 Probably like by this weekend, by Sunday. 642 00:34:14,040 --> 00:34:18,600 If it happens by Sunday, that's a that is a an explosive move 643 00:34:18,760 --> 00:34:20,600 up. Yeah, but you know how it is in 644 00:34:20,600 --> 00:34:25,199 crypto. I mean, remember 21, like, you 645 00:34:25,199 --> 00:34:29,520 know, $1,000,000 sweeps every other day like it's I, I nothing 646 00:34:29,520 --> 00:34:31,840 surprises me anymore. But actually matter of fact, 647 00:34:32,239 --> 00:34:35,400 tomorrow morning I wake up at 73 K Bitcoin and a breakup break 648 00:34:35,400 --> 00:34:38,040 out towards like the 80 K range. I wouldn't be surprised. 649 00:34:38,040 --> 00:34:39,880 And similarly, I wouldn't be surprised if I wake up tomorrow 650 00:34:39,880 --> 00:34:41,280 morning. I was 48 K You know what I mean? 651 00:34:41,280 --> 00:34:44,199 It's like such a highly volatile market at this stage. 652 00:34:44,199 --> 00:34:47,840 It's just like fuck, like I'm just I'm just I'm just patiently 653 00:34:47,840 --> 00:34:50,480 waiting. I'm just patiently waiting for 654 00:34:50,480 --> 00:34:52,560 that to happen. So on the NFT front, there's 655 00:34:52,560 --> 00:34:53,639 that. What else do we have any more 656 00:34:53,639 --> 00:34:55,840 news on the NFT? I mean he says So what I got D 657 00:34:55,840 --> 00:34:57,880 guys going on theorem you got. I mean, D guys are there too, 658 00:34:57,880 --> 00:35:00,200 but it's mostly been for a rallying. 659 00:35:00,640 --> 00:35:03,320 Would you love to see and now we're see pudgy Penguins going 660 00:35:03,320 --> 00:35:07,320 pudgy mode with with Luca and abstract absolutely crushing it. 661 00:35:08,080 --> 00:35:09,560 What else do we got? I mean. 662 00:35:10,200 --> 00:35:12,360 So movement on the Bitcoin board, nothing crazy. 663 00:35:12,440 --> 00:35:15,240 It's it's a lot of up and down. It's like one day I login, 664 00:35:15,240 --> 00:35:17,400 they're all up 10%. The next day, they're all down 665 00:35:17,400 --> 00:35:19,320 10. Percent, it's almost back to .1 666 00:35:19,320 --> 00:35:21,840 handle, so you love that. If we can lose that decimal 667 00:35:21,840 --> 00:35:24,280 again, I think mentally speaking is a good barrier. 668 00:35:25,000 --> 00:35:27,480 I had people say that they would take the Bitcoin instead of the 669 00:35:27,480 --> 00:35:30,040 punk and then they would buy puppets with it. 670 00:35:30,280 --> 00:35:33,920 So I was going to say like fuck it, 10 BTC puppets is a joke, 671 00:35:34,600 --> 00:35:36,880 but The thing is it's either a punk or Bitcoin, right? 672 00:35:37,000 --> 00:35:39,120 You know what, let let me do a poll. 673 00:35:39,840 --> 00:35:45,640 What would you rather have? So we'll do, we'll add the 674 00:35:45,640 --> 00:35:53,960 puppets, we'll do one full Bitcoin, one Cryptopunk, and 675 00:35:53,960 --> 00:35:57,400 then the third option, let's do 10 Bitcoin puppets. 676 00:35:57,400 --> 00:35:58,640 How's that? I have. 677 00:35:59,240 --> 00:36:04,680 Right, there you go. We're going to see. 678 00:36:04,680 --> 00:36:06,080 We're going to see what the people want. 679 00:36:06,320 --> 00:36:08,240 I think you're going to get a surprising amount of puppets, 680 00:36:08,240 --> 00:36:10,240 but I think. It'll be puppets I think. 681 00:36:10,360 --> 00:36:12,400 But would you trade a punk for 10 puppets? 682 00:36:13,440 --> 00:36:16,120 No, because historically every time there's a punk trade, the 683 00:36:16,480 --> 00:36:18,080 asset goes to 0. So. 684 00:36:18,800 --> 00:36:20,680 I urge people never to do that actually. 685 00:36:20,760 --> 00:36:26,280 There has never been historical trade where someone traded punk 686 00:36:26,280 --> 00:36:28,560 for something and then the collection they go a fucking 687 00:36:28,560 --> 00:36:31,560 zero. Usually I I sell out of 688 00:36:31,560 --> 00:36:35,000 collections that do that. Yeah, yeah, it's generally a a 689 00:36:35,560 --> 00:36:40,320 very bad, bad sign. What was the the mutant hound 690 00:36:40,320 --> 00:36:42,280 collar? Yes, trade. 691 00:36:42,440 --> 00:36:45,920 Yes, 48th someone traded mutant hound. 692 00:36:46,120 --> 00:36:48,800 There was only that there was. And by the way I love 6529 but 693 00:36:48,800 --> 00:36:52,880 someone traded a full stack of memes meme cards for for A6529 694 00:36:52,880 --> 00:36:58,120 full set for punk that didn't age well, but yet again you 695 00:36:58,120 --> 00:36:59,960 could argue that. Also punks ended up going down a 696 00:36:59,960 --> 00:37:02,440 lot. You know, I should have put in 697 00:37:02,440 --> 00:37:04,800 my 4th as a fourth thing I should put like whatever one 698 00:37:04,800 --> 00:37:09,920 Bitcoin amount of mug like however much like 60 K of mug is 699 00:37:10,160 --> 00:37:10,840 if. You're bullish mug. 700 00:37:11,000 --> 00:37:12,560 Now is the time to buy them. This thing is. 701 00:37:13,240 --> 00:37:16,200 Mug mug baby I I could possibly I bought the dip the other day 702 00:37:16,240 --> 00:37:21,360 again but nothing big but I added some the other day I 703 00:37:21,360 --> 00:37:22,800 guess. It's, I guess if you zoom out, 704 00:37:22,880 --> 00:37:26,800 it's it's consolidating here. My, my exposure to Ethereum is 705 00:37:26,800 --> 00:37:30,160 all mug. I'll I'll be honest, it's 706 00:37:30,160 --> 00:37:32,040 easier. I'd rather own plain soul some 707 00:37:32,040 --> 00:37:34,840 soul name coincident mog as these exposure. 708 00:37:35,000 --> 00:37:37,000 It's been good. But anyways, one thing I want to 709 00:37:37,000 --> 00:37:40,560 know about Tyler that you mentioned, I want you to talk to 710 00:37:40,560 --> 00:37:47,440 me about Wisconsin cheese. Yeah, I'm not actually an expert 711 00:37:47,440 --> 00:37:48,800 in Wisconsin cheese. So what do? 712 00:37:48,800 --> 00:37:50,560 What do we got here? Well, this is 713 00:37:50,560 --> 00:37:54,680 wisconsincheese.com. These people definitely look 714 00:37:54,680 --> 00:37:59,000 like they're from Wisconsin. So the Packers of the cheese 715 00:37:59,000 --> 00:38:02,680 heads. I'm not versed in specifically 716 00:38:02,680 --> 00:38:04,400 what the all the types of cheese that are made. 717 00:38:04,400 --> 00:38:07,480 I think cheddar one. Oh good. 718 00:38:07,960 --> 00:38:11,240 Oh. There's some good beer up in 719 00:38:11,240 --> 00:38:14,440 Wisconsin as well. I think we need to go to I think 720 00:38:14,440 --> 00:38:16,000 Wisconsin was real. I thought it was a meme. 721 00:38:18,800 --> 00:38:21,600 Their their Bitcoin amount is certainly becoming a meme here. 722 00:38:21,600 --> 00:38:23,280 They're probably one of the leading states. 723 00:38:23,440 --> 00:38:24,960 Are they? So tell me more about the state 724 00:38:24,960 --> 00:38:27,360 of Wisconsin buying Bitcoin. What's the news? 725 00:38:27,480 --> 00:38:31,400 They're buying it through IBET. They're now up to 2.9 million 726 00:38:31,400 --> 00:38:33,640 shares worth about 100 million bucks. 727 00:38:33,640 --> 00:38:35,960 They disclosed this in their latest SEC filing. 728 00:38:35,960 --> 00:38:40,720 They picked up another 500,000 shares in the last quarter, I 729 00:38:40,720 --> 00:38:43,400 want to say. So that's roughly $20 million 730 00:38:43,400 --> 00:38:46,920 worth. So they're they're betting big. 731 00:38:47,360 --> 00:38:50,800 They want that cheese, baby. They do digital cheese. 732 00:38:51,520 --> 00:38:54,960 They want that digital chase. There was also this other news 733 00:38:55,360 --> 00:38:59,720 of all the banks now that have exposure to Bitcoin via ETFs. 734 00:38:59,720 --> 00:39:03,680 Do you see that? Yeah, I mean all the banks are 735 00:39:03,760 --> 00:39:05,800 are going to have it. And like these are the things 736 00:39:05,800 --> 00:39:09,280 that I feel like you don't see. It's in the headlines when like 737 00:39:09,280 --> 00:39:13,720 Goldman's buying and whatnot and BlackRock you don't see it when 738 00:39:13,720 --> 00:39:17,200 all the the downstream, you know, mid tier banks are are 739 00:39:17,200 --> 00:39:20,000 buying it. And like this is, I think this 740 00:39:20,000 --> 00:39:24,360 is what's driving this next cycle up, right? 741 00:39:24,360 --> 00:39:26,120 I think these numbers are just going to continue to go up. 742 00:39:26,120 --> 00:39:28,640 And then I think the next leg is when it gets into everyone's 743 00:39:28,960 --> 00:39:31,280 retirement plans. I think that's going to be a 744 00:39:31,440 --> 00:39:35,000 huge one, but it's more out there than I think we realize. 745 00:39:36,280 --> 00:39:41,480 Yeah, 100%, Beanie's saying. What about 79 me bits? 746 00:39:44,520 --> 00:39:46,880 I need it I. Forgot about the me bits. 747 00:39:46,920 --> 00:39:51,160 For a Porsche or Gito and the and the memes, I I'm not 748 00:39:51,160 --> 00:39:53,880 interested in owning a me that I have to be honest about that. 749 00:39:54,240 --> 00:39:57,000 I used to own ME but thankfully I sold them on the way down at 2 750 00:39:57,000 --> 00:40:00,040 E. We're just riffing here. 751 00:40:00,400 --> 00:40:02,680 It was one of my biggest bags in 2021. 752 00:40:02,680 --> 00:40:06,720 My me bit bag was worth 500 E at over 1,000,000 bucks. 753 00:40:06,720 --> 00:40:07,560 I had. I had. 754 00:40:08,680 --> 00:40:12,160 So a buddy of mine we had, we had pulled ETH to buy an X copy 755 00:40:12,160 --> 00:40:14,040 piece and we, and we just missed out on it. 756 00:40:14,040 --> 00:40:17,400 We didn't have enough. So we basically ported it all 757 00:40:17,400 --> 00:40:21,400 into me bits and they like doubled or tripled, but we 758 00:40:21,400 --> 00:40:23,760 didn't get out at the top. This was right before they had 759 00:40:23,760 --> 00:40:26,360 the me bits at Christie's. Like the full suit me bits were 760 00:40:26,360 --> 00:40:28,920 trading for like 28th in September 2021. 761 00:40:29,160 --> 00:40:31,160 Of course that was the, the peak, right? 762 00:40:32,600 --> 00:40:35,880 But we we did not sell the top on those, but got out well 763 00:40:35,880 --> 00:40:37,360 before where they're at now at least. 764 00:40:38,280 --> 00:40:43,120 Yeah, those things moved. It was also may not remember 765 00:40:43,120 --> 00:40:46,680 they launched the same week as a board apes were I think board 766 00:40:46,680 --> 00:40:48,560 apes were like .2 when me bits launched. 767 00:40:48,560 --> 00:40:52,360 And then that was the big storyline for like a month was 768 00:40:52,360 --> 00:40:55,760 board IPS versus ME bits. Yeah, yeah, That was, that's 769 00:40:55,760 --> 00:40:58,400 just, I was part of that. I was causing some shit. 770 00:40:58,520 --> 00:41:01,360 I loved it, Beanie said. Puppets. 771 00:41:03,120 --> 00:41:05,880 Interesting. Smart live to be on it. 772 00:41:05,880 --> 00:41:09,480 Prob not a you know what, it's probably not a wrong answer from 773 00:41:09,480 --> 00:41:13,080 a training perspective. So let's let's go bull bear base 774 00:41:13,080 --> 00:41:17,760 again right? Bull case theorems at $7500 with 775 00:41:17,760 --> 00:41:23,640 Bitcoin 150K right? Last run punks topped at 4:50. 776 00:41:24,600 --> 00:41:27,640 If we get another NFT run, if we're going to have the FT run, 777 00:41:27,800 --> 00:41:31,880 punks would be leading right $7500 each. 778 00:41:31,880 --> 00:41:35,600 How much are punks at? So if for them to be 450K again 779 00:41:35,640 --> 00:41:39,360 would be divided by 7 fifths, you're looking at 60 ETH per 780 00:41:39,360 --> 00:41:42,240 punks, so 60 ETH punks. Is that possible at 7500 ETH? 781 00:41:44,400 --> 00:41:46,880 I think it's possible. I mean they were like 60 was 782 00:41:46,880 --> 00:41:49,680 kind of that top of that range they traded at for years, right? 783 00:41:49,760 --> 00:41:54,880 So like that 40 to 60 range. Now I think the puppets trade, I 784 00:41:54,880 --> 00:41:57,880 get it from like a math perspective because all you need 785 00:41:57,880 --> 00:42:03,640 to do is out trade one Bitcoin. So if the puppets go up 10%, you 786 00:42:03,640 --> 00:42:07,480 at least have traded Bitcoin. So what's your what's so puppets 787 00:42:07,480 --> 00:42:12,000 topped this cycle so far at .45 and that was with just Bitcoin 788 00:42:12,000 --> 00:42:16,960 AT70K by the way, right? So Bitcoin AT70K was $70,000 per 789 00:42:16,960 --> 00:42:20,800 Bitcoin times .4. They topped the $28,000 ish. 790 00:42:20,800 --> 00:42:22,160 I think it was 30 K for a little bit. 791 00:42:22,520 --> 00:42:25,280 How high can a puppet go? If Bitcoin goes to 150 then 792 00:42:26,160 --> 00:42:30,480 let's say another 2X100. K .2 I mean they can't go back 793 00:42:30,480 --> 00:42:33,280 to .45. People are going to pay $75,000 794 00:42:33,280 --> 00:42:35,840 for these things. I mean, we used to say that 795 00:42:35,840 --> 00:42:39,280 about almost every NFT. You know a cool cat was selling 796 00:42:39,280 --> 00:42:43,640 for $50,000 my cycle brother. In this scenario, like everyone 797 00:42:43,640 --> 00:42:46,280 should be buying all these NFTS at these prices, here's this, 798 00:42:46,280 --> 00:42:47,600 and we're all going to be like hilariously. 799 00:42:47,640 --> 00:42:51,840 Rich, it's at .4. OK, at 150 K Bitcoin you're 800 00:42:51,840 --> 00:42:55,480 looking at 60 grand per puppet. 10 puppets, you're looking at 801 00:42:55,480 --> 00:42:58,680 600 K. So they would need to go to .4 802 00:42:58,680 --> 00:43:01,920 to outperform our estimates of punks. 803 00:43:02,280 --> 00:43:04,040 It's probably head to head, honestly. 804 00:43:04,480 --> 00:43:07,160 Maybe puppets is a better trick because you get to own 10 so you 805 00:43:07,160 --> 00:43:11,720 get to like DCA in and out over one whole Bitcoin and one whole 806 00:43:12,120 --> 00:43:15,280 punk. The downside is also more like, 807 00:43:15,280 --> 00:43:17,480 I think it's much more likely. Downside is more aggressive. 808 00:43:18,080 --> 00:43:20,000 Right, puppets could actually go to 0. 809 00:43:20,440 --> 00:43:23,400 Puppets can totally go to. Punks are not going to go to 0 810 00:43:23,400 --> 00:43:29,400 and bitcoins not going to 0. Is it What if tomorrow I don't 811 00:43:29,400 --> 00:43:30,800 know the entire word implodes and. 812 00:43:32,440 --> 00:43:34,240 I mean, well, if Bitcoin goes to 0, the puppets go to. 813 00:43:34,240 --> 00:43:37,040 Zero, I'm kidding last time I said that would be AK, so let's 814 00:43:37,040 --> 00:43:39,960 just not say that up only on everything. 815 00:43:40,080 --> 00:43:42,200 I I longed some Solana, I longed some Ethereum. 816 00:43:42,280 --> 00:43:44,160 I even longed some Ethereum Tyler so oh. 817 00:43:44,200 --> 00:43:45,920 My God. Yeah, dude, hopefully. 818 00:43:46,200 --> 00:43:48,400 Wish me luck. I've been having the edge to 819 00:43:48,400 --> 00:43:52,000 just do a tiny bit of trading. So hopefully, hopefully we'll be 820 00:43:52,000 --> 00:43:54,440 fine and we'll see what happens. But anyways, look, that's a good 821 00:43:54,440 --> 00:43:56,760 round up. Tomorrow's Friday. 822 00:43:56,760 --> 00:43:58,920 I don't think we have a guest on tomorrow, but we'll have Matt's 823 00:43:58,920 --> 00:44:00,200 going to be back for sure tomorrow. 824 00:44:00,200 --> 00:44:02,760 So so that was a good round. I don't think we missed out on 825 00:44:02,760 --> 00:44:04,680 anything. You got your lucky leading now 826 00:44:04,680 --> 00:44:06,840 anyways, right in 10 minutes. Yeah, 10 minutes. 827 00:44:07,160 --> 00:44:09,280 There you go so for those of you who want more content, Tyler's 828 00:44:09,280 --> 00:44:11,640 going to be live in 10 minutes and with that with that, with 829 00:44:11,640 --> 00:44:13,600 that, we'll see y'all tomorrow morning, 10:00 AM Eastern 830 00:44:13,600 --> 00:44:16,040 Standard Time for the episode of from While We're on Rock video. 831 00:44:16,360 --> 00:44:16,600 Let's.