Well, good morning ladies and gentlemen.
Welcome to GM Web 3. This is going to be another
Mando takeover for Rock is on a on a private jet apparently on
its way to Marbella right now. So we have OSF who decides?
We have bananas tunes, The show began and we have Cows.
This is the full Canary Labs lineup right now.
This is basically like our morning meeting.
We're going to go through the top five things is kind of what
we were doing before. That was a CCI, don't know what
do you think it was indicate indication of girth.
Anyway, we are sponsored by Kraken NFT today.
They're obviously pushing show for a while.
Go check them out, cracking.com/radio.
They are doing their own NFT marketplace.
There are some news actually yesterday that they are also
going to move into stock trading.
So they are going to become the Robin Hood of crypto, which I
think is pretty cool. So stock trading, crypto trading
and NFT trading you can do, you can do everything over a crack
and go check it out. We use them at Canary a lot,
right? Should we get into things?
Obviously it's been a bit of a better day.
Today it looks, it looks like we've got some big green
candles, which is looking good. Bitcoin is sitting at just over
2600 right now, E at 1630. Everything's having a little bit
of a little bit of a mini pump. Some of the some of the meme
coins, alt coins are having a bit of a move.
It didn't feel like that yesterday.
I think we had a bit of a pump in the morning.
They were doing the show. Everything sold off.
Just when Gensler was talking. We'll get straight into that.
So what? He actually said.
Honest. I think he looked kind of like
an idiot. Again, he went in front of.
He definitely got grilled this time.
So there was a bunch of senators, I believe, and
congressmen who basically grilled him for what he was
doing, saying he needs to come up with some more legislation.
He was grilled about, firstly, about whether Bitcoin was a
security. Um, he he kind of trying to
squirm out of it, but eventually did say that Bitcoin is not a
security, but he wouldn't class it as a commodity.
He then went on to kind of say that tokenization of an asset
equals securitization of an asset.
So he was asked is our Pokémon cards security?
Which he said no. And then he said our tokenized
Pokémon causes security. He basically indicated that they
might be. So his view is basically that
tokenization equals securitization of any asset,
which seems kind of wild and. All over the place.
This logic is all over the place here.
Have you have you seen this? Gary Gensler has an identical
twin brother, Robert Gensler. I thought it was like, I thought
it was a shit post. At first I thought this was like
a deep fake. But it's true.
All of this is true. He has identical from brother
called Robert Gensler. This reminds me of, you know,
like draw. He had his son working on the
Bond desk in in Europe. Like he's really involved in the
industry. I think it's pretty funny, but
yeah, Gensler. I think a recent photo.
Is that how badly Garry's aged? Like that must that must be a.
Striking guess is not looking good.
Let's be honest, I don't think he's had a good few.
Give a few weeks. Good few months probably, given
how all his recent court cases have gone.
But yeah, what did you think? Firstly, let's get into the
let's get into the most ridiculous thing.
Is tokenization equal securitization?
Like if I owned any asset, let's say I'm sitting in a room with a
TV and a lamp shade. If I tokenize the ownership of
either of those things in a physical world, is that
securitization? Do you think the asset itself
has to have some sort of intrinsic quality for it to, for
it to be classed as a security in that world?
Or yeah, what do you think of this?
The the spirit of A. Security is to protect people
from protect people when they're making investments.
So it's this idea of like a promise of a return or profit
share like et cetera, et cetera, so.
Just like tokenizing any asset doesn't necessarily.
Deem that asset to necessarily be an investment, but then also
there's a question of like why would you buy it if you didn't
think the price was gonna go up. So it's a it's a bit of a grey
area, like I think, like the act of tokenization itself.
Shouldn't make something a security, but then it probably
creates characteristics of that underlying asset that make it
very similar to security and make it open to.
A lot of the abuse that you see of things that aren't security,
that should be security, so I don't know as much.
Couldn't couldn't you argue that any man made asset, any man made
asset essentially has some level of work being done to it.
Buy a company. Let's say any asset made by a
company of any sort and its value could go up like that.
Does makes any product made by a company potentially a security?
I think his his his whole definition of it was around like
expectation of return on the on the like effort of others which
he thought tokenization kind of encapsulated that effort.
But like people the company has gone to effort to make the
Pokémon cards in the 1st place. I think his like definition of
effort and where that's allocated is like very non
logical like this would definitely not hold up in a
court of law. There's no way.
In my mind he's just like anti tokenization and sees that as
kind of like. Creating hyper financialized
assets regardless of the underlying, I think and that's
why he's anti it. But the logic would not stand up
in my mind. So maybe let's take it a step
further because yeah, I think you guys are really smart.
What would you say is because I agree with what you're saying
Cali, which is that you can't just tokenize everything man
made like crypto allows you to tokenize any asset like we
could. Technically if I want to have
exposure to TVs or I won't have exposed to any the value of any
of these things, I could essentially tokenize them and
that could be seen as like me owning that file like almost a
derivative ownership. Would you say is like?
Where do you draw the line on? This should be a security if
it's been tokenized. Because I agree with my work,
the idea of a company doing. Work equals not security.
It's not fit for purpose. I think it's the idea that the
company is guaranteeing your cash flow or a share of profits
or something like that. That's what it has to be.
And that's what it was intended to be originally.
Yeah, because like the profiting from the work of others is where
you like, you know, you invest in a company and other people
work to grow that company and then it becomes worth more and
then you sell the shares. That's where the idea of that
comes from. Is from, like very early
definitions. Around the structure like
corporate structure essentially. And the corporate entity is not
fit for purpose on a tokenization of a single asset
and it's totally the wrong way about thinking about it.
I think it's all about cash flows personally, whether that's
ongoing over the life of the asset or it's at the end of the
asset if somebody is saying we will guarantee it or we will.
Yeah. We're going to engage in some
enterprise to make the cash flows increase and you're going
to get money from it. And to me, that's what was a
good is. I agree.
I think, I think that's it. The Securitization Act, I don't
know when it was originally written, but it was like 1920 or
whatever it is, it's completely outdated.
And now we're testing it because we can now suddenly basically
allow for many different things to or the ownership of many
different things to trade more seamlessly with things like
crypto. And I think it has to be some
sort of cash flow. Like if you're Pokémon cards
gave you access to revenue from the Pokémon Company, then that
would make it a security in my eyes like in some way.
But if it's just like just an item that is being created by a
company and that item might go up if the brand value of that
company goes up, that's not a security in my eyes.
And I think that's where he's he's just, he's just massively
overreaching and he just looks like an idiot like for doing it
like. So the idea that everything in
the world should be a security and should be under the remit of
the SEC is just wild. I think that was the main thing.
I came away from me. He's just, you always say it
Cally, he's just power hungry. He's just, he's just lost his
head with where he thinks he should be able to have power.
How hungry. Bureaucrats overstepping their
remit is not anything new and probably gonna be around for a
while too. But so they'll be another one.
And they might be more friendly or less friendly and he'll go to
some other stupid bureaucratic job, but.
Yeah, we're doing a little mini pump here during the show, boys.
Bitcoin looks like it's about to head to 27 K If looks like it's
about to head to the 1645 and put on some levered trades
yesterday. Just thinking of beauty.
So things are looking good for crypto today.
There is a bit of happening across the board what you have
seen and we'll move on to the second point here which is
what's going on in the ETFs. So give it a bit of a broader
time. Yesterday there was a delay
again in some more of the Bitcoin spot ETF.
It now looks increasingly likely that the ETH futures ETF, the
futures ETF will be trading next week and kind of with the half
blessing of the SEC. They seem to be OK when it's a
derivative of something to be able to class, it's an ETF.
So if BTC is in, the ratio is actually reversed it looks like
over the short short term over the next week.
So you're gonna get positive news here for for ETH if that
futures ETF trades. Remember a few TCF won't meet
won't mean buying up the spot, it won't mean you go out.
There's gonna be massive buying of the spot contract because
obviously the features that stuff is levered.
So it probably is not going to be as people have said for the
Bitcoin ETF, you're gonna see $20 billion move into this
industry with the futures ETF. But it does seem to show a bit
of a softening in the stance of the SEC, or at least their
ability to block this sort of stuff is becoming increasingly
incredulous. But yeah, that's a positive
thing and we seem to be bouncing off it.
We've been outperforming for a while, like even in that set off
yesterday we've been outperforming yesterday.
It really looked to look pretty bad.
I think bond yields hit 4.6% on 10 year, oil is at 96 or Brent
was at 96 at least and then you had the dollar, I think it's
been up for 11 weeks straight. So we're having a bit of a
reverse today and there's already been some positive news
about Bitcoin and ETH. So yeah, what do you think?
Do you think for the next, for the next month, is this going to
be October? Is it is is October gonna be
happening next next month? It's, it's October.
Yeah, it's. Most of 30%, isn't it?
Are we really trying to still pump those bags?
Just a slip of the tongue. There slip the slip of the
tongue. Ohh it was having.
A good day? No?
It was nice. Let him have it right.
Just let him have it. So definitely.
It's a. Matter that's down 300% the last
few days. It's not. 60% today, alright
man. Lots of these coins having to
move some of the some of the ones that were talked about for
a while local in ruin make. A welcoming this seems like the
most obvious short to me. Does that make myself like but
it's but it's been a bit of a short squeeze and they seem to
be signing up half of South America at the moment.
So crazy amount of adoption in certain geographies.
So I'm sure all those people are gonna hold it forever and use it
for useful things, not just dump it for dollars.
But well, we can get into point #3, which is AI, and Sam Altman
obviously is the. Hallie loves the.
The most valuable nonprofit ever?
Isn't it the most valuable nonprofit ever?
Elon Musk got destroyed anyway, Quite a lot of changes.
Well, quite a lot of news happening in the AI yesterday.
While a lot of the the major tech stocks were lower,
particularly Apple was lower, there was a rumour which seems
to be more than a rumour at Open AI is looking to raise a billion
dollars with SoftBank which is the go hard or go home tech VC
collapsing track records for those.
Of banking at the top. It's so classic.
Then they go, they're going in at I think the last valuation
for Open AI was 20 billion when Microsoft put in their money 20
or 30. SoftBank have going in at cool
90 billion. So they've decided they want to
lift one about 4X from the last valuation 3 months ago, even
though ChatGPT use itself is down, as Kelly says, and they
want to start to develop a phone, it looks like.
So they want to develop the AI phone to challenge the iPhone.
That was the big headline. This is obviously developing
SoftBank. As we've said before, like
whenever SoftBank get involved in something they're involved
in, we work, they were involved in the recent ARM IPO, they've
been involved in. I mean the guy who runs it
obviously Sam, he basically did his nuts in 2001 tech bubble,
but then managed to own a few companies which did incredibly
well. I think Alibaba was the main one
and he's basically. The main player here.
Yeah, And he's gonna do it again.
He's gonna lose all his money and go for it again.
But he's he's been on the coast trying to be on the cusp of tech
for, for a while anyway. He's gonna try and get involved.
90 billion for Open AI. What do you think?
Feels toppy, doesn't it? Well, you get it.
What are you gonna do 10X on that hundred X?
Like? Yeah, sure.
They'll just be the most like valuable company ever.
Like. Although one thing I would say
well apples worth 2.5 trillion. So yeah, for about 2 trillion.
The 20X. Is the big issue?
Is the video be? Worth more than Open AI and Open
AI caused the NVIDIA Rally. We're going to look back on six
months and just realise that all of this is like so toppy.
I think I do one one I think AI is.
I think it's not toppy. I think it's like, you know what
it's like the Internet and like. I don't know like.
The Internet was still toppy in 2002, right?
All of those were like how whatever percentage of those
companies went from a a big valuation to 0.
So do we still have the Internet and it could be the same here?
One thing I would say is that I actually think I think more and
more that apples spot. As like the go to hardware and
then go to. Kind of desktop OS or whatever
for like people who are not corporates who use Microsoft, I
think that's up for a challenge. There's no innovation or there's
very limited innovation happening at that company in
between product cycles. It's so mature.
I think it's probably bloated. Every corporate, every massive
corporate goes through this phase of like the initial and
have found a phase and then that energy would dies in Waynes and
I think Apple is going through that right now and I think.
Is probably as ripe for being challenged as it has ever been
currently. I think that's bad for NASDAQ.
Generally. So yeah, that that, that one
piece of this I actually believe in.
I think that's very fair. I think Apple has a dominant, I
mean, it has like entrenched dominance things like the App
Store and hardware, But a lot of people have tried phones and it
hasn't really worked. Are you really gonna buy a phone
from Sam Altman? He kind of scares the crap out
of me. No, exactly right.
Exactly. He's now Steve Jobs, right?
Anyway, the other piece of news was that that there are other
tech billionaire Zuckerberg. He came out with new ray ban
glasses. Have you seen these?
These are these new glasses that their version basically of the
of the wearable tech market. He did a let me see if I can get
it up. Or maybe over you can.
You guys both in the same hotel room right now, just like you're
in the bedroom? Yeah, I was in the bathroom.
That's, that's correct. Bathroom on the balcony, Yeah, I
mean you can see the reflection, but kind of a weird bathroom
pieces sitting. Sitting it's on the toilet doing
the show. Yeah, no, yeah, that's not
what's happening. But the yeah, that was with the
show. Now I just actually can see
Carly, like how that might look like.
It looks like it's like a window out.
Anyway, yeah, he and he's and you're gonna get AI tools now.
Coming to Facebook, Instagram, WhatsApp.
So all of these texts Bros, big move into AI.
No mention of the Metaverse anywhere.
Um, what do you guys think? Is this?
Is this everyone chasing the latest trend or is this is this
bigger than the Internet, Carly? The only AI tool we need back is
Clippy. What do you mean the guy from
Microsoft Word? Yeah, Clippy, yeah.
Yeah, OK, I see you're writing a letter.
Do you need help? There was there was talk about
him coming back because now that they could give him a I, he
would actually be smart and make good suggestions.
But. Yeah, look, I think it AI is not
a fad. It's just an increase in kind
of. Competing power, I guess, And
what what's possible with stuff? I don't know if it's this like.
Kind of. I don't know if it's going to
have this transformational impact that a lot of people
think it will, but it's definitely an increase in what
people can do with computing. And so all kind of software
manufacturers and hardware manufacturers and everybody if
they're not. Exploring it and playing with it
and. Integrating it into their
products, then they're gonna fall behind.
So you kind of have to chase it, but I don't know if it's a fad
or if it's just like one of those.
It's like upgrading from. Like previous iterations of
chips and new iterations of chips, it's just something you
gotta do while you're gonna fall behind.
Have you seen the terminology that they've started to use?
So Sam Altman's been called out on this quite a few times
because he keeps on referring to taking a I to be the median
human, keeps on referring to people as like a median human,
as an on your spectrum of intelligence.
And everyone's like, this is like a really creepy way of
describing people. Like the concept that we are
just like, oh, you're a medium, or you're a suboptimal or you're
above optimal human. He gives me the creeps big time.
He's not a real. Test you see, he's he's
something. Something yourself.
Would you class yourself as a median human?
What about? Yourself.
I don't even know. Yeah, you're amazing.
Yeah, that's all. Hope he says.
He basically wants to help replace the median human in the
in the workplace. Can you imagine if your boss
came to you and said, yeah, we're gonna replace you because
you are not. You don't quite make the median
human. So we're bringing in AI bot to
just it's just above, above median humans and just bots.
Yeah, I thought I saw a thing the other day.
They're doing that on the in the police force as well, bringing
like these these AI bots to like replace policemen.
That way on the streets, yeah. So they they they already had
like the, the dock. They already had like the dogs,
you know, like the, the. Dog Ohh yeah yeah, the robot run
into buildings. The run into buildings and save
people and actually like, who the fuck knows what they're
doing with them? They're bringing in these other
ones which are meant to, like, replace people in, like, the
subway system. And I mean, if you're a
policeman, like, why not? Right?
Like, imagine being a policeman right now in America.
Must be pretty tough. So the.
Idea of yeah, they need all the help they can get.
Bringing in a a I bot kind of feels like, why not?
It's probably gonna be easier for your life anyway.
Bots are going to start replacing median humans across
the workplace. Yeah, just bow down to them.
Let's hope we are all above median.
What else did I put as my main points today?
You guys got up to last night. We went from, we went for a
romantic dinner. Like every single time, me and
calling out for dinner, they always ask.
It was like, oh, it's so romantic.
Here. Carly makes a really awkward
joke, like we're not together. He's always like, yeah, it's a
really romantic spot, but we're not together.
And they didn't even ask. Like 2 guys can just go for
dinner and it not be a day. I didn't say that, but whatever.
Content of the show. We're we're not together, but we
are sleeping in the same double bed.
But we're definitely anyway. The next points I have for the
show were Xbox and GTA for to have crypto.
There are two rumours at this stage.
So the first rumour is that Box has been exploring A crypto
wallet for or sorry, Microsoft has been exploring an crypto
wallet for Xbox, which in my eyes would be huge.
I think they have hundreds of millions of users, Xbox as in
users even of their monthly subscription platform and the
idea is that they might be integrating web 3 wallets.
We already saw things like Meta Mask of Gone to try and
integrate themselves in the gaming infrastructure with
things like Unity, but they they also might be making their own.
And then the second one was that, was that what we're gonna
see a token potentially in the new GTA6 games.
So GTA6 has been out for in development for nearly ten years
now. I think that's when the last
GTA5 game was out. Everyone's been like, when the
hell is this thing coming out? People have said maybe
2024252025 is the most likely, but yeah, they could bring in a
token for GTA. Some like talk about digital
collectibles, but what do you think?
Is that where we get the aha moment and we bring on just
hundreds of millions of users? We have the coin.
Well, the base guy yesterday saying what's going on, a
billion different people. I mean, GTA, how many people
play GTA? It must be hundreds.
Of millions played online. Did you guys play GTA Online?
I never played it. I was like, online.
I love the game. I never played it online.
I think it was. Maybe a different segment of the
market to the Call of Duty guys. First person versus third
person, I guess, but. But yeah, I I didn't actually
know it had an online game. But everybody loves GTA.
Everybody Loves is kind of like a second life where you can do
whatever you want. I don't and like it's it's so
much. Change going that people, yeah.
Well, yeah. That's what people used to do.
It's just so matter of fact. Well, yeah, yeah, that's what I
do like doing, yeah, I think. But like it seems like a game
which would suit a. Currency because there's money
involved people. Exactly right.
It is proper. If we talk about what is a
metaverse or what people, I think most people would think of
things like GTA. You have basically a second life
where you either choose to change or people you don't and
you would want to have money. That's that.
Yeah, yeah. Well, like there's, I don't
know, there's just a lot of freedom in that game.
So there's freedom to like set up your own missions, pay people
to do stuff for you, do your own thing, earn money and prizes,
earn kind of like go and explore and find the fighter jet and
then sell the fighter jet to somebody.
The scope for economic transactions in a game where you
can do whatever you want is obviously bigger.
So and and it's probably the game and everybody loves it for
that reason. So it feels like.
If they have a token, it would be super interesting.
I don't know how that and I guess maybe that this couples
with the Xbox news, because if you know it's pretty hard for
GTA, have a game. That runs on other kind of
hardware and or software and then plug their crypto well into
it. So maybe that's where the Xbox
wallet kind of story is also coming from.
Yeah, look, I think we had, we spoke about gaming a lot
yesterday on Rec Radio and I just feel as though increasing
them just like we should just build the infrastructure for
existing games rather than having to build our own games.
Like we don't need to bet on some web three-game being
popular, we can just integrate with crypto rails onto something
like GTA or CS GO or any Xbox game.
So if they just these sort of integrations I think are the
ones where gamers might not hate it.
What they hate is that you try and force this.
Like we've got a blockchain game with NFTS and a coin like you've
gotta get involved because you can get earned $10 a day if you
say you just play the games that you play right now.
But we're just gonna make it slightly easier for you to on
board and off ramp cache and trade stuff slightly easier.
I think that's how they start to accept it rather than having to
force them to be like oh, you're going to like this game because
it's a three-game where you want $10 a day.
So I think this is super bullish.
This is how you get hundreds of millions of users coming into
into the space. I would say the GTA rumours have
been around for a long time. They were very, very prevalent
when NFTS were going massive about 18 months ago.
I would still put less than 50% probability that Rockstar takes
this risk on the game because I think it's still like it's still
be a big risk for a game which is just like a surefire bet like
this is like 10 years in development.
They really want to fuck it up. But I could very much see
potentially with time they bring out token or they see how it
goes and then look to do it as the game develops.
So I think it would still be a risk to do it at launch, but
that would be when I start to get really bullish on adoption.
If you can get integrated like we've already seen, Telegram now
start to try and integrate crypto.
This is a huge app, 800 billion users.
If Xbox does it. Sony's been a bit more vocal
about it, doing it like Microsoft have been, if you've
been hearing the comments, the Xbox team, the Microsoft team,
they've been, they've been kind of pouring cold water on NFTS
and crypto, but it's only been a bit more positive if Microsoft
do it as well, like it would be very big.
I think Microsoft has been sailing closer, other playing it
safer, shall we say, because they were trying to get the
activation thing through various government entities, right?
So it feels like, you know, they've got other things cooking
and then so they can't maybe speak their mind or?
Push the boundaries as much as maybe they want to.
I think one thing I would add just on top of that, I agree
with everything you said. Rocks that I've got like this.
Kind of brand image slash reputation for like doing quite
controversial things and I think this could be one of the.
By coming crypto and like everyone hates it and they're
like, yeah, we're gonna do it and you're gonna love it and
then that's how it works. You're muted.
And me weird. Speaking of gaming, the other
side, Legend of the Mara was released yesterday.
I don't know if you saw this. I actually kind of, like replied
back to a tweet. I don't know if you saw from UK
Labs, but I'm not really following what's going on and
when I read some of the tweets I'm just like I realise how far
behind I am in what's going on. In Legend of Tamara it's It said
we encountered an unexpected response from the volume of
folks playing Shattered Defence. We have stabilised the camp game
but needs some time to investigate.
Shattered Mode Hunters will still make progress against
their foes during this outage. Hatching cannot be done via
delegated wallet and must be prompted from a wallet holding
the vessel. And I was like, what?
I don't understand any of this stuff, not even one term that I
understand from what we said there.
But I'm behind clearly. I think that's that's partly
just like me not paying attention to the Mara game, but
it seems to have been well received.
But it's clearly this whole new thing like Legend of the Mara is
going to essentially be like a staking mechanism it looks like
for the for the land until obviously the whole thing is
built and a gamified version of that.
But that was released yesterday. Go play it, go check it out.
I think there was. Obviously there were some
difficulties in the initial launch, but of what I've seen,
people seem to like it, but there's not that many people
playing it, it seems. But that can always change.
Many people playing many web three games, but the the other
thing is that they move to block OpenCV and Blur and this is the
first time there's been a new Uglass collection and it blocked
open C as well as Blur. They said remember a couple of
months ago they were disappointed with what?
Open C Dublin trading fees, new collabs I think accounts for
something like 8070 to 80% of all the trading fees over the
last 24 months for for these guys.
So it's very high, maybe don't send me 80 but it's like it's
above 50%. What do you think?
Like if you are running Blur or for Open C and you're already
seeing NFT volumes dip a lot and I think that's very, very, very
highly correlated to trading fees and greater royalties.
And now you see one of the top or the top creator of NFTS
coming in and basically blocking your platform for that, for that
strategy. Do you think that if I'm sitting
there opening blur I might decide to change change tactic
or are they just going to put a big FU to them?
Thank you if they. Do similar volumes again.
Then perhaps yes, the problem is now because the volumes across
the IT market is so low. Overall, it probably doesn't
have much of an impact, but you know before you go do your turn
volumes when you have the new releases, it'd be super active
and stuff and it was generally profitable for marketplaces that
charge marketplace fee, so. For now, I don't think it makes
the move, but you know, let's say there's a brand new
collection that someone is doing and it's going to be trading a
lot. You would think it would make
sense for one of the marketplaces to actually honour
royalties to use them. And it's funny because like,
remember the first two platforms that.
Didn't honour royalties were like pseudo swap and then X2Y2
and now pseudo swap version 2 on his royalties next to what?
He does also honour royalties and it's almost like there's
like not having royalties gained you more market share, but now
everything's no royalties. Does having royalties getting
you back market share? And I think if you had Someone
Like You go, if you had a big collection that you knew would
do a lot of volume on the break, you could sign exclusivity with
them. But we will unlock royalties for
your projects for this whatever you come do it with us and no
one else. And maybe that's what's.
Maybe that's a potential outcome here.
I think that's I think that's a highlight.
Yeah. I think now as some of the older
projects become less, less in trading fees that they they
start to slow down but the production houses start to put
out new entities. I think that it will start to
swing back to these production houses and it's going to be a
competitive advantage for people to align themselves with trading
fees again. So I think we'll probably we'll
probably get closer to some form of an equilibrium where where
trading fees start to return to the market and I'm really
bullish about that. I think this whole space is
driven by incentives and I think you'll see more innovation,
you'll see more people come back.
Obviously you'll see some of the hyper narratives that you saw
during the bull market, but I think you need that also to have
the good stuff that's come from it.
So yeah, I think, I think we will, I think that's really
positive for the market. Anyway we will end it there.
It's been 40 minutes look like cryptos have kept going higher
during the chat, looks like bitcoin's about to hit 27 KE for
might be hitting 1650. So good day.
One of the better days we think we've seen recently and yeah, we
will see you again tomorrow. We have been sponsored again by
cracking. Go check them out Rug Radio,
sorry cracking.com/radio and we will see you tomorrow.