1 00:00:01,280 --> 00:00:06,720 Good morning, good morning GMGM everyone. 2 00:00:06,720 --> 00:00:15,080 Welcome to another episode of Homo Our Day, Friday our 7th 3 00:00:15,440 --> 00:00:20,840 2025. And it is a huge day, absolutely 4 00:00:20,840 --> 00:00:23,160 huge. Yesterday, it was an incredibly 5 00:00:23,160 --> 00:00:25,600 important day for Bitcoin and the broader crypto space. 6 00:00:25,600 --> 00:00:28,000 I don't want to take credit for it, but folks, I saw the sign, 7 00:00:28,400 --> 00:00:31,000 the universe sent me the SBR sign, and then it came to 8 00:00:31,000 --> 00:00:33,240 fruition. Trump dropped the strategic 9 00:00:33,240 --> 00:00:36,000 Bitcoin Reserve executive order last night. 10 00:00:36,000 --> 00:00:39,760 Now all eyes turning to his speech and the crypto summit 11 00:00:40,040 --> 00:00:43,880 later today, the question on everyone's mind, is it going to 12 00:00:43,880 --> 00:00:47,480 be sell the news or will it live up to the hype? 13 00:00:47,480 --> 00:00:50,320 We're going to break it all down on today's show. 14 00:00:50,760 --> 00:00:52,640 We've got Farouk on and off with us. 15 00:00:52,640 --> 00:00:56,040 He's our boots on the ground reporter live from DC, so we're 16 00:00:56,040 --> 00:00:57,440 going to try to check in with him. 17 00:00:57,720 --> 00:01:00,560 But we've got the other Co hosts in the house as well, Manda and 18 00:01:00,560 --> 00:01:02,480 Logan. Manda GM how you doing? 19 00:01:03,440 --> 00:01:04,560 I'm doing great man. How are you? 20 00:01:05,400 --> 00:01:06,680 Very good. It's a big day. 21 00:01:07,680 --> 00:01:10,760 Yeah, I think we called, we called this Bitcoin Reserve 22 00:01:10,760 --> 00:01:12,880 relatively well, I think, right, very well. 23 00:01:12,880 --> 00:01:15,680 Yesterday's show basically said exactly what was going to happen 24 00:01:15,920 --> 00:01:19,160 and the market freaked out and then seemingly is OK. 25 00:01:19,960 --> 00:01:22,040 Market freaked out and then realized they were all being 26 00:01:22,040 --> 00:01:24,920 idiots and that, yeah, maybe this is still actually a, a, a 27 00:01:24,920 --> 00:01:28,880 bullish thing. So a, a very swift recovery, 28 00:01:28,880 --> 00:01:32,640 which which you love to see. Then we've got Bessent coming 29 00:01:32,640 --> 00:01:34,800 out and saying he wants the markets to break more. 30 00:01:34,800 --> 00:01:36,680 So we're going to talk about that and, and how to balance 31 00:01:36,680 --> 00:01:39,520 this. But before we get there, Logie, 32 00:01:39,680 --> 00:01:42,560 you're on with us here today as well, just in case we need some 33 00:01:42,560 --> 00:01:44,320 additional support with Froak in and out. 34 00:01:44,320 --> 00:01:46,440 How you doing, Jim? I'm doing well. 35 00:01:46,640 --> 00:01:51,360 The sun is shining here, prices like a little bit of green and 36 00:01:51,360 --> 00:01:52,800 it's pretty good. Can't complain and. 37 00:01:53,760 --> 00:01:57,880 We're in green today, all green. Just so happy to, to, to see it 38 00:01:57,880 --> 00:01:59,720 on the board. Farouk, he's he's on with us 39 00:01:59,720 --> 00:02:02,320 folks live from DC. How you doing? 40 00:02:04,240 --> 00:02:06,120 Dude, let me take you guys through where I am right now. 41 00:02:06,120 --> 00:02:07,920 Hold on, hold on. No, it's not the White House, 42 00:02:07,960 --> 00:02:08,840 y'all. Not yet. 43 00:02:09,199 --> 00:02:10,960 There's a look at the monument, man. 44 00:02:10,960 --> 00:02:13,280 Look at that. Look at that beauty, America. 45 00:02:13,720 --> 00:02:19,920 Proof of America. USAUSAI, I'm chilling man. 46 00:02:20,360 --> 00:02:22,800 Just got off the phone with our girl Anne or Tourette. 47 00:02:23,280 --> 00:02:25,240 We're gonna meet with her. She's like the goat cripple 48 00:02:25,240 --> 00:02:28,960 rider. And then headed to White House 49 00:02:29,000 --> 00:02:32,440 for noon to be fucking sick. How you actually are going? 50 00:02:33,480 --> 00:02:36,280 Yeah, they just called. That's why I got off yesterday. 51 00:02:36,400 --> 00:02:39,480 So I was meant to go there yesterday too guys and I ended 52 00:02:39,480 --> 00:02:42,200 up waiting outside for an hour and a half and it was 3°C and I 53 00:02:42,200 --> 00:02:45,520 lost mobility in my left hand for like 4 hours because I went 54 00:02:45,520 --> 00:02:47,440 without a jacket because it was across the street. 55 00:02:49,280 --> 00:02:51,040 And. And so basically the Secret 56 00:02:51,040 --> 00:02:53,320 Service had my dates mixed up because on my passport it's 57 00:02:53,320 --> 00:02:58,920 September 7th, but I'm French so it's set like 7/9/94. 58 00:02:59,040 --> 00:03:03,240 So they had it July instead of September 7th. 59 00:03:03,640 --> 00:03:05,080 And the Secret Service don't fuck around. 60 00:03:06,000 --> 00:03:08,080 If the numbers don't match the front door, you ain't getting 61 00:03:08,080 --> 00:03:11,120 in. So we're going today. 62 00:03:11,120 --> 00:03:13,000 It'll be exciting. We don't. 63 00:03:13,280 --> 00:03:15,320 Like you're going to get a second, you're going to get a 64 00:03:15,320 --> 00:03:21,920 second look at yourself for a Iranian, Iranian origin guy 65 00:03:21,960 --> 00:03:25,600 won't. You're fighting when you want to 66 00:03:25,720 --> 00:03:27,600 be. I'm going to go fix those 67 00:03:27,600 --> 00:03:29,280 tariffs, you know that's what I'm going for. 68 00:03:30,440 --> 00:03:31,880 No, no. So, So what is happening? 69 00:03:31,880 --> 00:03:33,960 You're you're going to the White House at noon today. 70 00:03:35,000 --> 00:03:37,840 Yeah. So yesterday, I mean, we will 71 00:03:37,840 --> 00:03:40,520 make a post about this later on, but I guess we can talk about it 72 00:03:40,520 --> 00:03:42,720 on the show a little bit today. But basically we got a point of 73 00:03:42,720 --> 00:03:43,760 the hard pass at the White House. 74 00:03:43,760 --> 00:03:46,680 So I don't want to make a crazy claim, but I do think we're the 75 00:03:46,760 --> 00:03:49,680 only right now as of today, media outlet in crypto that has 76 00:03:49,680 --> 00:03:52,400 a hard pass at the White House, which allows for one of the 77 00:03:52,400 --> 00:03:54,640 reporters to have full access to the White House for next four 78 00:03:54,640 --> 00:03:58,720 years and to cover, you know, all things, all things media in 79 00:03:58,720 --> 00:03:59,920 the White House. So we're going to be focused on 80 00:03:59,920 --> 00:04:04,040 crypto as well. So I got to prove for that, but 81 00:04:04,040 --> 00:04:05,880 given that I don't live in Washington or the area, and then 82 00:04:05,880 --> 00:04:08,280 I'll probably be moving to Portugal soon, I don't want to 83 00:04:08,280 --> 00:04:11,040 put that to waste. So Sander from the crypt is 84 00:04:11,400 --> 00:04:12,720 going to be our White House correspondent. 85 00:04:12,720 --> 00:04:14,320 So we have a White House correspondent on the crypt side 86 00:04:14,320 --> 00:04:16,120 now that's going to be there all the time. 87 00:04:16,399 --> 00:04:19,480 On my end, they offered me to get into temporary passes. 88 00:04:20,040 --> 00:04:22,920 And so we've known for three weeks about yesterday or a month 89 00:04:23,000 --> 00:04:25,080 even. But then so happens that there 90 00:04:25,080 --> 00:04:28,600 was this tweet come out about the crypto summit being today, 91 00:04:29,680 --> 00:04:32,040 which is like a coincidence. It's like divine timing. 92 00:04:32,440 --> 00:04:35,960 And so, you know, we made a few calls, sent of two emails, 93 00:04:36,520 --> 00:04:39,840 finagled our way in. So normally, please, if 94 00:04:39,920 --> 00:04:41,800 everything goes well, I don't want to jinx myself. 95 00:04:42,080 --> 00:04:44,800 We should be in the room. Not for the summit itself 96 00:04:44,800 --> 00:04:46,520 because that's very private. As you can tell. 97 00:04:46,680 --> 00:04:48,120 I don't think I'm of the caliber yet. 98 00:04:48,360 --> 00:04:52,000 But there will be a point where President Trump signs executive 99 00:04:52,000 --> 00:04:52,800 orders. As you get seen. 100 00:04:52,800 --> 00:04:55,440 It's not even a secret anymore because it was posted yesterday. 101 00:04:55,880 --> 00:04:59,520 And apparently there's a short list of people which could be 102 00:05:00,080 --> 00:05:03,760 us, will be able to come in and like witness that and be there 103 00:05:03,760 --> 00:05:06,520 for that and then potentially also be in the presser briefing 104 00:05:06,520 --> 00:05:08,600 room for whoever wants to do interviews after. 105 00:05:08,600 --> 00:05:10,000 So there's a chance we interview Beau Heinz. 106 00:05:10,520 --> 00:05:11,800 There's a chance we interview David Sackler. 107 00:05:11,800 --> 00:05:14,200 It's up to them if they feel like it, even like Brian 108 00:05:14,200 --> 00:05:16,160 Armstrong, all these folks that are there, if they want to, 109 00:05:16,160 --> 00:05:17,840 they'll be able to come to the presser. 110 00:05:18,160 --> 00:05:20,640 So we'll be in the room, man, I'm excited. 111 00:05:20,640 --> 00:05:22,600 Like we'll be in the room for this historical day. 112 00:05:22,600 --> 00:05:24,960 Like it's crazy. Huge day. 113 00:05:25,040 --> 00:05:27,920 I mean, one of the arguably one of the single biggest days, 114 00:05:28,640 --> 00:05:30,120 right? I mean, it's Matthew. 115 00:05:30,200 --> 00:05:32,360 That's why last night I didn't understand what went on, but I 116 00:05:32,360 --> 00:05:34,680 know you'll talk about that. But yeah, it's, it's historical 117 00:05:34,680 --> 00:05:36,480 day today. Definitely, it's a great day for 118 00:05:36,480 --> 00:05:38,800 crypto. Well, we're so happy that you're 119 00:05:38,880 --> 00:05:40,120 you're there. We're happy that you're taking 120 00:05:40,120 --> 00:05:41,840 time away to, to talk to us folks. 121 00:05:41,840 --> 00:05:44,520 What are we talking about on the show here this morning? 122 00:05:44,520 --> 00:05:47,400 We're going to start with the market report jobs, the latest 123 00:05:47,400 --> 00:05:50,640 comments from Scott Bessent, NASDAQ turning 24/7. 124 00:05:50,800 --> 00:05:52,960 We're going to get into Trump signing the strategic Bitcoin 125 00:05:52,960 --> 00:05:54,360 Reserve. What does it mean? 126 00:05:54,840 --> 00:05:57,440 Buy the news, sell the news. Predictions for the summit 127 00:05:57,440 --> 00:06:00,120 today. Texas passed its own SBR bill 128 00:06:00,200 --> 00:06:02,480 through the Senate. New York drafting a bill to go 129 00:06:02,480 --> 00:06:04,840 after rug pullers. Watch out. 130 00:06:04,840 --> 00:06:07,000 Jido buyback proposal on the table. 131 00:06:07,360 --> 00:06:10,000 Tucker Carlson interviewing SBF Marriott. 132 00:06:10,000 --> 00:06:12,640 We're going to we're going to drill into those myriad money 133 00:06:12,640 --> 00:06:16,240 markets, baby, because they are officially live and maybe a 134 00:06:16,240 --> 00:06:19,280 little bit of meme talk at the end before we dive in. 135 00:06:19,480 --> 00:06:23,280 Shout out to our partners. 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We love our partners as always. 147 00:06:58,680 --> 00:07:00,480 All right, Mando, if you're ready, let's get into it. 148 00:07:04,560 --> 00:07:07,440 Who is the main macro daddy of the land? 149 00:07:11,040 --> 00:07:13,480 Can you dig it? GM everyone. 150 00:07:13,480 --> 00:07:17,000 So I think we already said we kind of called all of this 151 00:07:17,000 --> 00:07:20,200 yesterday, right? Like we called, we called what 152 00:07:20,200 --> 00:07:22,680 we thought would happen. We said that, you know, it'd be 153 00:07:22,680 --> 00:07:24,920 very difficult for them to do anything other than just 154 00:07:24,920 --> 00:07:29,760 confiscate. They can't spend and that's kind 155 00:07:29,760 --> 00:07:33,320 of what we got. We got a a they're not going to 156 00:07:33,320 --> 00:07:35,160 sell any of the confiscated Bitcoin. 157 00:07:35,440 --> 00:07:37,440 Bitcoin seems to be slightly different than the crypto 158 00:07:37,440 --> 00:07:39,000 stockpile. I don't really know how that's 159 00:07:39,000 --> 00:07:40,880 going to work. In the past, I thought that 160 00:07:40,880 --> 00:07:45,640 potentially those L ones could donate funds to the stockpile 161 00:07:45,640 --> 00:07:48,720 and maybe like in return the US becomes a validator. 162 00:07:48,720 --> 00:07:50,440 I don't know. But like there's maybe some 163 00:07:50,440 --> 00:07:54,520 options down the line for that. And we got, we got commentary 164 00:07:54,520 --> 00:07:57,040 that they were going to potentially look further at like 165 00:07:57,040 --> 00:08:02,320 fiscal neutral ways of building this reserve. 166 00:08:03,280 --> 00:08:05,360 And there are a few different things mentioned there. 167 00:08:05,360 --> 00:08:07,680 The first one was like selling gold. 168 00:08:08,880 --> 00:08:11,400 They haven't yet touched upon the mining stuff that I've kind 169 00:08:11,400 --> 00:08:14,400 of spoken about. But it does seem like that could 170 00:08:14,920 --> 00:08:17,440 also be on the table in my opinion. 171 00:08:19,200 --> 00:08:22,720 But they basically are saying judicial, anything that is 172 00:08:22,720 --> 00:08:27,240 compensated, we're going to keep and, and they're going to look 173 00:08:27,240 --> 00:08:30,600 at fiscal neutral ways. So my, my guess is that they're 174 00:08:30,600 --> 00:08:33,039 going to get into mining. That's, that's my guess here, 175 00:08:35,039 --> 00:08:38,039 which I think will be bullish in general. 176 00:08:38,480 --> 00:08:40,880 You know, we have some validation here of what's going 177 00:08:40,880 --> 00:08:45,760 on, But but it's, it's not them going to buy at the same time, 178 00:08:46,200 --> 00:08:47,600 the states I think will stop buying. 179 00:08:47,680 --> 00:08:52,040 So you had Texas yesterday. Looks like it's very ready now 180 00:08:52,040 --> 00:08:55,720 to, to, to, to go with a Bitcoin reserve. 181 00:08:55,720 --> 00:08:58,040 I think we're going to see a lot of states do this. 182 00:08:58,160 --> 00:09:01,400 I would, I would probably guess in the, in the realm of like 15 183 00:09:01,400 --> 00:09:04,040 to 20 states could, could, could do something like this. 184 00:09:04,040 --> 00:09:06,640 A few of them have been shot down already, but we could be in 185 00:09:06,640 --> 00:09:09,840 a world where like half or nearly half of all the states 186 00:09:09,840 --> 00:09:13,600 out there have some form of a, of a Bitcoin reserve policy. 187 00:09:14,160 --> 00:09:17,760 And then I think the second order impact is, is, is 188 00:09:17,880 --> 00:09:25,200 legitimizing this even more for companies and for starting that 189 00:09:25,200 --> 00:09:31,680 sort of global, global game theory from other countries that 190 00:09:31,840 --> 00:09:35,240 that, you know, might be easier to buy Bitcoin or, you know, 191 00:09:35,240 --> 00:09:39,320 might be less reliant on like reliant on their own native 192 00:09:39,320 --> 00:09:40,920 currency. You know, there's a lot of like 193 00:09:42,160 --> 00:09:47,960 there's a lot of countries with with not great local currencies 194 00:09:47,960 --> 00:09:51,320 and they have dependency on the dollar and they may choose to go 195 00:09:51,320 --> 00:09:53,920 down the route of Bitcoin being their reserve asset. 196 00:09:53,920 --> 00:09:57,000 So I think what you've really just started there is, yes, 197 00:09:57,080 --> 00:10:00,760 short term disappointing versus what you may have had on TikTok, 198 00:10:01,200 --> 00:10:06,440 but long term bullish for if you're like paying attention. 199 00:10:06,440 --> 00:10:09,520 I think so, yeah. I think, I think it's generally 200 00:10:09,520 --> 00:10:12,760 should be taken positively. What what we saw yesterday on 201 00:10:12,760 --> 00:10:16,640 the back of it, Bitcoin has outperformed pretty massively. 202 00:10:16,640 --> 00:10:19,160 We had a terrible damn stock market again yesterday. 203 00:10:19,160 --> 00:10:23,160 And even today it doesn't look that great. 204 00:10:23,200 --> 00:10:27,720 Like it's bounced slightly. NVIDIA was down 6% I think 205 00:10:27,720 --> 00:10:33,000 yesterday. It's bounced up 1% today, but 206 00:10:33,560 --> 00:10:36,280 they kind of look like relief bounces across the board. 207 00:10:36,720 --> 00:10:40,520 And you have a NASDAQ. NASDAQ was down 3% yesterday. 208 00:10:40,520 --> 00:10:47,200 It's only up nought .2% today. This has the hallmark to me of a 209 00:10:47,200 --> 00:10:51,200 Friday sell off in macro. Again, people freaking out. 210 00:10:52,120 --> 00:10:54,520 Obviously the commentary that that you've hinted upon, Tyler, 211 00:10:54,520 --> 00:10:57,960 is there's been very, very direct commentary from various 212 00:10:57,960 --> 00:11:00,000 people in the Trump administration talking about the 213 00:11:00,000 --> 00:11:01,640 fact that they don't care about the stock market. 214 00:11:02,000 --> 00:11:04,680 They've got a job to do here, which is which whether the stock 215 00:11:04,680 --> 00:11:09,960 market likes it or not. And it, you know, it, it changes 216 00:11:09,960 --> 00:11:14,080 the tone of Trump tweeting about the stock market every single, 217 00:11:14,240 --> 00:11:16,760 every single week of the last administration. 218 00:11:16,960 --> 00:11:19,600 Yesterday he went on, he was asked about it. 219 00:11:19,600 --> 00:11:20,920 He said, I don't even look at it anymore. 220 00:11:20,960 --> 00:11:24,960 So he said globalists have caused the sell off. 221 00:11:25,400 --> 00:11:30,840 So yeah, I think he, he's not as focused on it this year. 222 00:11:30,840 --> 00:11:33,480 And we've spoken about how that, you know, that may not even be 223 00:11:33,480 --> 00:11:41,000 the worst policy for him from a from a general popularity 224 00:11:41,000 --> 00:11:42,840 standpoint. You know, he might win over 225 00:11:42,840 --> 00:11:46,040 short term voters with this sort of approach of like, you know, 226 00:11:46,040 --> 00:11:48,560 looking after the future with trying to balance the budget, 227 00:11:48,560 --> 00:11:53,400 that sort of stuff. So let's see, let's see it it 228 00:11:53,400 --> 00:11:57,440 definitely might be in like an age gap in how his popularity 229 00:11:57,760 --> 00:12:00,040 wanes. But yeah, macro is is really not 230 00:12:00,040 --> 00:12:01,320 feeling good on the back of that. 231 00:12:02,240 --> 00:12:04,280 We've had some weak economic data yesterday. 232 00:12:04,280 --> 00:12:07,800 Again, one of the weakest jobs figures since 2020 yesterday. 233 00:12:09,520 --> 00:12:13,080 Europe, Europe is currently going through this like semi 234 00:12:13,080 --> 00:12:16,560 bond crisis because of what's going on in the, the fiscal 235 00:12:16,560 --> 00:12:20,360 spending to to kind of everyone's talking about an arms 236 00:12:20,360 --> 00:12:22,800 race now in Europe. So like all the Western Power, 237 00:12:22,920 --> 00:12:25,600 Western European powers are talking about spending a ton of 238 00:12:25,600 --> 00:12:29,320 money now to do that. It's definitely it's definitely 239 00:12:29,320 --> 00:12:33,720 gotten people relatively relatively afraid there. 240 00:12:34,200 --> 00:12:37,000 And I think this is just seeping around the world right now. 241 00:12:37,000 --> 00:12:41,320 Like it just it, there's just uncertainty and that's causing 242 00:12:41,320 --> 00:12:44,080 stuff to go lower in terms of crypto. 243 00:12:44,080 --> 00:12:49,360 We had Bitcoin outperform really in particular L ones have held 244 00:12:49,360 --> 00:12:53,840 up OK, you know, like Solana held up OK. 245 00:12:54,760 --> 00:12:57,880 Pretty much all the L ones, they're within like 1% of where 246 00:12:57,880 --> 00:13:00,360 they were yesterday. Like it's not been like a crazy 247 00:13:00,360 --> 00:13:07,440 move, but the but the, the more risky bits of the market are 248 00:13:07,440 --> 00:13:14,000 getting punished at the moment. AI memes, you know, whatever 249 00:13:14,000 --> 00:13:17,600 attempts there were at rallies in in in in those have been have 250 00:13:17,600 --> 00:13:22,240 been kind of smashed back lower. The strongest stuff I see is in 251 00:13:22,240 --> 00:13:29,560 Defy and and in L ones. Yeah, there's a lot to unpack. 252 00:13:29,560 --> 00:13:30,920 I'm the I was looking at the AI board. 253 00:13:31,200 --> 00:13:35,240 My God, it is destroyed. Yeah. 254 00:13:36,040 --> 00:13:41,560 ARC was basically 100 million. Virtual is now below half a 255 00:13:41,560 --> 00:13:45,400 billion and The thing is like those are still pretty high 256 00:13:45,400 --> 00:13:48,840 numbers. So sadly, and I I still hold 257 00:13:48,840 --> 00:13:51,200 some of these like there there's more there's more room to fall, 258 00:13:51,600 --> 00:13:54,680 unfortunately, and it's kind of hard to see what the catalyst 259 00:13:54,680 --> 00:13:56,960 there is. Well, there's a lot to unpack 260 00:13:56,960 --> 00:13:58,720 with the report. Thanks for going through that 261 00:13:59,200 --> 00:14:01,920 Mando. Maybe as I want to quickly talk 262 00:14:01,920 --> 00:14:03,600 about the the the Scott best that was the. 263 00:14:03,600 --> 00:14:06,800 Other thing to mention if we can get into that. 264 00:14:07,440 --> 00:14:10,800 Yeah, we'll, we'll have to get into the SPF interview hearing 265 00:14:10,800 --> 00:14:14,320 about I did listen to about 30 minutes of that put myself 266 00:14:14,320 --> 00:14:18,680 through the pain, but I feel like Bisson comes out every day 267 00:14:18,680 --> 00:14:21,080 now. He just keeps telling us that 268 00:14:21,080 --> 00:14:24,280 the markets need more pain. Now he's saying like there's 269 00:14:24,280 --> 00:14:28,160 going to be a detox period. And I got I'm as bullish as 270 00:14:28,160 --> 00:14:31,600 anyone and like I want to see everything like rebound swiftly. 271 00:14:31,600 --> 00:14:35,880 But it's kind of hard to imagine that playing out like they're 272 00:14:35,880 --> 00:14:36,800 based. It feels like they're, they're 273 00:14:36,800 --> 00:14:38,080 telling us like we're going to keep. 274 00:14:39,240 --> 00:14:41,760 You know. Breaking things here, like we're 275 00:14:41,760 --> 00:14:45,400 going to drive this down, we want rates to come down and then 276 00:14:45,400 --> 00:14:50,280 we're going to try to reset everything you like. 277 00:14:50,320 --> 00:14:51,800 How long is it going to last? Like how? 278 00:14:52,360 --> 00:14:54,720 Like how is anything going to really outperform in that 279 00:14:54,720 --> 00:15:02,920 scenario? I think, I think they, we spoke 280 00:15:02,920 --> 00:15:06,040 about this before like that they may be kind of sandbagging the 281 00:15:06,040 --> 00:15:12,680 first half or the first year and then maybe that leads to like 282 00:15:13,480 --> 00:15:15,160 more monetary stimulus down the line. 283 00:15:16,000 --> 00:15:18,640 I think that's that's kind of the world we may be living in 284 00:15:18,640 --> 00:15:23,800 here in that they don't mind being bringing this period of 285 00:15:23,800 --> 00:15:28,000 austerity, focusing on the 10 year and then in a year's time, 286 00:15:28,600 --> 00:15:33,840 they think the US will benefit from it largely, especially what 287 00:15:33,840 --> 00:15:35,480 they're doing. There's certain things that are 288 00:15:35,480 --> 00:15:41,680 happening here which are are kind of pro Trump getting down, 289 00:15:42,160 --> 00:15:45,360 getting the like the budget balance, so to speak, is 290 00:15:45,360 --> 00:15:48,160 bringing down bond yields in the, in the US. 291 00:15:48,960 --> 00:15:51,800 Bringing down bond yields in the US has made the dollar weaker. 292 00:15:52,080 --> 00:15:54,280 That's been one of Trump's number one things he wanted to 293 00:15:54,280 --> 00:15:58,800 do alongside the stock market going up and the dollar weaker 294 00:15:58,800 --> 00:16:03,000 means better trade balances, which is kind of a very core bit 295 00:16:03,000 --> 00:16:08,400 of his, his belief system that he wants to kind of re re 296 00:16:08,400 --> 00:16:11,920 energize the manufacturing base of the US and and get better 297 00:16:11,920 --> 00:16:14,840 trade balances with all their major partners. 298 00:16:14,840 --> 00:16:20,640 So, you know, there's, there's, there's a few things here, which 299 00:16:20,640 --> 00:16:25,080 I think which I think he, he is happy to keep going for a while. 300 00:16:25,160 --> 00:16:29,560 You know, like, as long as the economy doesn't like die and 301 00:16:29,880 --> 00:16:35,200 it's just the stock market, he he won't particularly, you know, 302 00:16:35,200 --> 00:16:37,040 he, he this is Trump anomics, right? 303 00:16:37,040 --> 00:16:41,400 This is what he wants to do. So and I think they're they're 304 00:16:41,400 --> 00:16:44,760 OK. They are broadly OK with that. 305 00:16:46,560 --> 00:16:53,760 It's it's less, it's probably less friendly to like big tech 306 00:16:53,760 --> 00:16:59,680 or multi multinationals. But the idea is that this could 307 00:17:00,680 --> 00:17:03,000 this could maybe change the make up of the US in certain ways. 308 00:17:03,000 --> 00:17:05,760 And you know, it's kind of like when a football manager comes 309 00:17:05,760 --> 00:17:10,319 in, you know, they're going to shake stuff up at the start and 310 00:17:10,319 --> 00:17:14,000 then he's got four years. So he's kind of like trying to 311 00:17:14,000 --> 00:17:15,880 build a team for the future. Do you know what I mean? 312 00:17:16,880 --> 00:17:19,079 And I think. He's OK to like destroy it at 313 00:17:19,079 --> 00:17:21,760 the start and and kind of see what happens. 314 00:17:24,079 --> 00:17:27,720 On paper it makes sense. I think conceptually a lot of 315 00:17:27,920 --> 00:17:31,640 people would be OK with that. But then there's also just like 316 00:17:31,640 --> 00:17:37,560 the like the near term pain. And if his approval rating 317 00:17:37,560 --> 00:17:42,280 starts going down swiftly as markets are dipping, like are 318 00:17:42,280 --> 00:17:44,680 they going to be able to hold the course for how long and how 319 00:17:44,680 --> 00:17:47,480 long is this going to last? I think that's the that's the 320 00:17:47,480 --> 00:17:51,280 big question right now. What has it like his approval 321 00:17:51,280 --> 00:17:53,200 rating? I still the other day hit an all 322 00:17:53,200 --> 00:17:55,640 time high right in in the start of February. 323 00:17:55,880 --> 00:17:57,120 I agree. Look, if the stock market keeps 324 00:17:57,120 --> 00:17:59,440 on going down, that's generally not a good sign for AUS 325 00:17:59,440 --> 00:18:02,160 president. But I think we can all agree 326 00:18:02,520 --> 00:18:07,600 that the stock market has been largely detached from life. 327 00:18:07,840 --> 00:18:10,480 True. For people in the US and that's 328 00:18:10,480 --> 00:18:15,200 been one of the main issues here is that like that it's been a a 329 00:18:15,240 --> 00:18:24,560 years and years of fiscal and monetary stimulus, trillions of 330 00:18:24,560 --> 00:18:26,200 that. And that's largely just led to 331 00:18:26,280 --> 00:18:29,040 higher asset prices, which is which has led to this like 332 00:18:29,040 --> 00:18:32,640 massive disparity and and perverse incentives. 333 00:18:32,640 --> 00:18:37,120 I think particularly for like some of the bigger the bigger 334 00:18:37,120 --> 00:18:41,000 companies out there. So I don't know if he'll lose 335 00:18:41,000 --> 00:18:44,440 approval rates in doing this. Like, I really don't, I think it 336 00:18:44,440 --> 00:18:47,720 like, yeah, it's not great to see, you know, Nasdaq's down 337 00:18:47,720 --> 00:18:53,640 25%. But I think what you're really 338 00:18:53,640 --> 00:18:55,920 just going to hurt there is people who have have blindly 339 00:18:55,920 --> 00:18:57,960 just been like, yeah, own U.S. stocks forever. 340 00:18:57,960 --> 00:19:01,920 Like that's the trade. Feels like that's going to be 341 00:19:01,920 --> 00:19:04,200 slightly questioned here. I don't know. 342 00:19:04,960 --> 00:19:07,640 But it could always come back. Like in a year's time, we could 343 00:19:07,640 --> 00:19:12,080 be in a situation where you have a not, I wouldn't say like AI 344 00:19:12,080 --> 00:19:15,120 don't know if I'll be able to balance the budget in the first 345 00:19:15,120 --> 00:19:18,800 year, but like probably one of the best budget deficits the US 346 00:19:18,800 --> 00:19:21,880 had in a long time. And you could be in a world 347 00:19:21,880 --> 00:19:26,360 where monetary policy comes in because it's been very 348 00:19:26,360 --> 00:19:30,520 restrictive for the last two years, 2 1/2 years now. 349 00:19:31,120 --> 00:19:33,520 And then you start to see rates get cut. 350 00:19:33,520 --> 00:19:37,640 You start to see maybe not QE, but QE by another name. 351 00:19:39,440 --> 00:19:44,360 And Trump basically calls upon them to kind of to not bail out 352 00:19:44,360 --> 00:19:46,400 the economy, but basically bail out the stock market. 353 00:19:48,440 --> 00:19:50,600 I feel like that's, that's kind of my my base case. 354 00:19:50,600 --> 00:19:55,440 It's just a matter of when and timing and how, how is it going 355 00:19:55,440 --> 00:19:57,120 to play out. Logie, I'm, I'm curious for, for 356 00:19:57,120 --> 00:20:00,520 your thoughts on all this boots on the ground in Pennsylvania. 357 00:20:00,520 --> 00:20:05,720 Are folks OK? Yeah, nobody here in Central 358 00:20:05,720 --> 00:20:07,960 Pennsylvania is talking about the stock market. 359 00:20:09,160 --> 00:20:12,320 You mainly see the tweets about the price eggs type thing. 360 00:20:12,880 --> 00:20:15,040 So nobody's complaining too much. 361 00:20:15,400 --> 00:20:17,880 I don't actually know the approval rating or and haven't 362 00:20:17,880 --> 00:20:20,800 been following the fluctuation and such, but nothing would 363 00:20:20,800 --> 00:20:23,560 shock me if it it's not moved higher, right? 364 00:20:24,360 --> 00:20:27,120 People don't, at least people I'm interacting with, they're 365 00:20:27,120 --> 00:20:29,560 not paying attention to the stock market because they're not 366 00:20:29,560 --> 00:20:31,680 really invested in the stock market. 367 00:20:32,920 --> 00:20:35,280 But I think the, the larger thing for me, I mean, I don't 368 00:20:35,280 --> 00:20:39,120 have much to share beyond what Mando has in terms of the, the 369 00:20:39,120 --> 00:20:41,560 macro impacts. But the thing that's harder for 370 00:20:41,560 --> 00:20:44,080 me I'm seeing on my timeline a little bit more is just trying 371 00:20:44,080 --> 00:20:47,480 to rewire my own brain to understand that they are beating 372 00:20:47,600 --> 00:20:48,760 us over the head with this thing. 373 00:20:48,760 --> 00:20:51,320 Talks has been tweeting about it, about, you know, Besson's 374 00:20:51,320 --> 00:20:54,240 comments like they're telegraphing this, they've said 375 00:20:54,240 --> 00:20:56,840 this, Trump tweeted it or posted on Truth social or whatever. 376 00:20:56,840 --> 00:20:59,640 There would be short term pain and we keep looking for reasons 377 00:20:59,640 --> 00:21:03,000 for there not to be and want because we because we want there 378 00:21:03,000 --> 00:21:05,200 not to be right. We want the prices to go up 379 00:21:05,200 --> 00:21:07,640 every single day. And I'm just, I'm struggling a 380 00:21:07,640 --> 00:21:10,480 little bit with myself just getting myself to rewire a 381 00:21:10,480 --> 00:21:13,080 little, you know, to expect and and be OK with it. 382 00:21:13,080 --> 00:21:16,080 And I do have a very, you know, try to have a much longer term 383 00:21:16,080 --> 00:21:18,080 outlook on Bitcoin and things like that. 384 00:21:18,080 --> 00:21:20,000 But it's hard when you log in here every single day. 385 00:21:20,600 --> 00:21:24,520 I saw something from Alex good about like, can there be an 386 00:21:24,520 --> 00:21:27,400 obvious bear market? Like those types of thoughts are 387 00:21:27,400 --> 00:21:30,840 just starting to permeate my timeline a little bit more and 388 00:21:30,840 --> 00:21:34,560 I'm trying to just come to grips with it and, and understand, and 389 00:21:34,560 --> 00:21:37,520 you not, not overreact in in either direction through the 390 00:21:37,520 --> 00:21:40,040 bullish or the bearish. May have seen tweets from me 391 00:21:40,040 --> 00:21:46,040 recently about, you know, it's our on crypto Twitter 392 00:21:46,200 --> 00:21:49,160 particularly, like, you know, we are either overly bearish or 393 00:21:49,160 --> 00:21:51,800 overly bullish. There's no in between. 394 00:21:52,280 --> 00:21:54,040 And I'm just trying to put myself a little bit more in the 395 00:21:54,040 --> 00:21:55,480 middle. And I know the mid curve is not 396 00:21:55,480 --> 00:21:58,680 always the place you want to be here, but for the time being, I, 397 00:21:58,800 --> 00:22:02,000 I think it, it might be a, a place where you want to start 398 00:22:02,000 --> 00:22:03,880 drifting just at least for the time being. 399 00:22:03,960 --> 00:22:05,640 So that's what I'm trying to do personally. 400 00:22:06,400 --> 00:22:09,160 Logie, Max, Barish, you, you heard it here first, folks. 401 00:22:10,840 --> 00:22:12,720 No, I'm with you. I feel like that's a logical 402 00:22:12,720 --> 00:22:14,760 place to be. Let's talk about the the crypto 403 00:22:14,760 --> 00:22:16,600 news. Mando gave us a nice summary of 404 00:22:16,600 --> 00:22:22,520 it, but Trump did sign the executive order once again. 405 00:22:22,520 --> 00:22:25,000 They're going to hold the Bitcoin that they have that 406 00:22:25,000 --> 00:22:27,040 they've acquired via forfeitures. 407 00:22:27,600 --> 00:22:32,440 It does not lay out, it does not mandate net purchasing, but they 408 00:22:32,840 --> 00:22:36,920 are allowed to do budget neutral accumulation. 409 00:22:38,240 --> 00:22:40,480 So I didn't have a ton of time this morning. 410 00:22:40,480 --> 00:22:44,120 I was trying to kind of come up with like, what, what does that 411 00:22:44,120 --> 00:22:47,560 look like? What are potential budget 412 00:22:47,560 --> 00:22:49,720 neutral strategies where they could acquire? 413 00:22:49,720 --> 00:22:52,280 I think that's where a lot of our, our, our heads went. 414 00:22:53,480 --> 00:22:55,320 Amanda, you've been talking about mining. 415 00:22:55,320 --> 00:22:57,600 I actually don't know. Is that technically budget 416 00:22:57,600 --> 00:22:59,280 neutral? Because that would require. 417 00:22:59,880 --> 00:23:01,800 Yeah, it would. Well, it would probably be done 418 00:23:01,800 --> 00:23:05,480 alongside somebody. Maybe it'll be some subsidy in 419 00:23:05,480 --> 00:23:09,040 some way in in response as well, like on electricity, let's say 420 00:23:10,960 --> 00:23:15,480 there was somebody came out with a tweet potentially fiscal 421 00:23:15,480 --> 00:23:18,760 fiscally neutral methods, continuing judicial 422 00:23:18,760 --> 00:23:20,440 confiscation. We obviously know that selling 423 00:23:20,440 --> 00:23:22,760 gold for Bitcoin, I think there's going to be almost a 424 00:23:22,760 --> 00:23:25,840 zero percent chance of that happening using other fiscal 425 00:23:25,840 --> 00:23:28,160 revenues. I don't know what that means. 426 00:23:28,840 --> 00:23:31,080 Interestingly, I don't know if you saw, but Lutnick came out 427 00:23:31,080 --> 00:23:34,200 yesterday and we were talking about the the sovereign wealth 428 00:23:34,200 --> 00:23:39,440 fund and Lutnick said we will not be using any tariff income 429 00:23:39,800 --> 00:23:41,280 to fund the sovereign wealth fund. 430 00:23:41,920 --> 00:23:45,160 So I continue to not know how's. The fund. 431 00:23:46,040 --> 00:23:55,560 How they're going to fund that apart from with debt and I don't 432 00:23:55,560 --> 00:23:58,640 know how they would fund purchases of like other fiscal 433 00:23:58,640 --> 00:24:02,520 revenues, whatever that means, mining Bitcoin with 434 00:24:02,560 --> 00:24:06,080 underutilized resources. This would be the obvious one, 435 00:24:06,440 --> 00:24:10,360 like in my opinion. So for example, we build a 436 00:24:10,360 --> 00:24:15,440 hydroelectric dam or we are going to find some, you know, 437 00:24:15,440 --> 00:24:17,040 we'll provide you with cheap energy. 438 00:24:17,400 --> 00:24:19,880 We get, we get you pay, you pay us in Bitcoin. 439 00:24:20,320 --> 00:24:23,280 You know, to these miners, there'll be some, there'll be 440 00:24:23,280 --> 00:24:25,000 some deal. I I reckon down the line with 441 00:24:25,000 --> 00:24:28,720 some of the biggest Bitcoin miners accept Bitcoin for tax 442 00:24:28,720 --> 00:24:31,400 payments or fines, deposit in the reserve and avoid selling. 443 00:24:31,600 --> 00:24:33,520 So yeah, this is this would simply be that. 444 00:24:33,520 --> 00:24:37,160 So like maybe they'll just start charging taxing the miners in 445 00:24:37,160 --> 00:24:42,720 Bitcoin or they'll they'll start charging crypto firms in 446 00:24:42,720 --> 00:24:44,560 Bitcoin. So something like that. 447 00:24:45,040 --> 00:24:46,440 That would be that would be an obvious one. 448 00:24:49,400 --> 00:24:54,280 And yeah, that's it. So do you see what I mean? 449 00:24:54,280 --> 00:24:58,280 Like in terms of the actual ones that are actually seem possible, 450 00:24:58,280 --> 00:25:03,640 it's about mining or taxes being paid in some way by via Bitcoin. 451 00:25:04,040 --> 00:25:07,680 Yeah, I think those are are two of the most likely. 452 00:25:08,160 --> 00:25:11,360 The gold swap is an option on the table, but anything that 453 00:25:11,360 --> 00:25:13,840 requires Congress approval feels like it's going to be a huge 454 00:25:13,840 --> 00:25:18,320 stretch. And I think that's going to be a 455 00:25:18,320 --> 00:25:21,880 tougher fight that the cheese swap is a very interesting 1. 456 00:25:22,680 --> 00:25:26,160 So, so Matt Seigal shared that the US apparently has about two 457 00:25:26,160 --> 00:25:30,960 to $4 billion of Swiss cheese in Missouri caves, which they're 458 00:25:30,960 --> 00:25:34,040 able to sell. So the cheese to Bitcoin swap is 459 00:25:34,040 --> 00:25:36,000 on the table folks. We should be shorting Swiss 460 00:25:36,040 --> 00:25:40,200 cheese. 2:00 to 4:00. Billion, did you say? 461 00:25:40,720 --> 00:25:41,840 That's what. That's their numbers. 462 00:25:41,840 --> 00:25:46,440 I'm quoting the Ban Act. We've got £1.4 billion of cheese 463 00:25:46,440 --> 00:25:51,200 in these Missouri caves, folks. US is a strange place this. 464 00:25:51,440 --> 00:25:55,320 Could be a sick heist. This could be a sick heist, 465 00:25:55,840 --> 00:25:56,840 boys. Hear me out. 466 00:25:59,040 --> 00:26:01,440 I used to trade a company called Iron Mountain. 467 00:26:01,440 --> 00:26:03,720 I don't if you guys ever had. Yes, I'm very familiar with Iron 468 00:26:03,720 --> 00:26:05,040 Mountain actually. Yeah. 469 00:26:06,680 --> 00:26:09,520 And they own, Yeah. Well, actually it's not close to 470 00:26:09,520 --> 00:26:13,600 where you are, but Iron Mountain used to be a high yield bond 471 00:26:13,600 --> 00:26:18,600 issuer, which I used to trade. And they own an Iron Mountain 472 00:26:18,600 --> 00:26:25,080 essentially in the US and they hold a lot of the, they hold a 473 00:26:25,080 --> 00:26:31,640 lot of the random storage of US assets in there. 474 00:26:33,960 --> 00:26:36,520 This is also where I think this is where Elon's been complaining 475 00:26:36,520 --> 00:26:39,440 about, you know, it's like to get into it is like. 476 00:26:41,120 --> 00:26:44,440 It's like 3 times per day and it's just like this very manual 477 00:26:44,840 --> 00:26:47,000 and time intensive process. Yeah, yeah. 478 00:26:47,280 --> 00:26:50,080 Iron Mountain has underground storage facilities in the United 479 00:26:50,080 --> 00:26:53,600 States, but most of them in storage location in Dighton, MA 480 00:26:53,600 --> 00:26:56,360 was once a missile storage battery during the Cold War. 481 00:26:57,840 --> 00:27:00,200 It's best known 1 is in Pennsylvania. 482 00:27:00,840 --> 00:27:02,080 Yeah. So that's the actual Iron 483 00:27:02,080 --> 00:27:04,800 Mountain itself. It's like literally in a, in a 484 00:27:04,800 --> 00:27:12,280 mountain of iron. And I would be unsurprised if if 485 00:27:12,280 --> 00:27:16,960 you do like you have random agricultural stores. 486 00:27:16,960 --> 00:27:23,240 So like generally every major economy has like a emergency 487 00:27:23,240 --> 00:27:28,000 grain supply, an emergency rice supply in case something 488 00:27:28,000 --> 00:27:32,520 happens, at least like most of the like the G20 do. 489 00:27:33,080 --> 00:27:36,720 And I reckon there's some pretty random stuff like Swiss cheese 490 00:27:36,840 --> 00:27:39,720 that maybe the US holds. I I didn't know it had 4 billion 491 00:27:39,720 --> 00:27:41,600 of it. Like that's, that is wild. 492 00:27:42,240 --> 00:27:46,600 Who's the buyer That's? A good question too. 493 00:27:46,600 --> 00:27:50,520 Well for for Oak, I know we may have limited time. 494 00:27:50,520 --> 00:27:52,680 Like what? What are like? 495 00:27:52,680 --> 00:27:55,360 What's the boots on the ground like whispers, What are people 496 00:27:55,360 --> 00:27:56,800 expecting for today? Do you think? 497 00:27:56,800 --> 00:27:58,920 Do you think we're going to get any surprises? 498 00:27:59,400 --> 00:28:01,760 What's What's the read on what's going to happen at the summit? 499 00:28:02,560 --> 00:28:04,440 I don't know, I'm going to try and find out in a couple hours. 500 00:28:04,960 --> 00:28:08,120 I'm going to go there like a few hours earlier, but nothing right 501 00:28:08,120 --> 00:28:08,840 now. Like so far. 502 00:28:08,840 --> 00:28:11,320 Like I did it with Ivan yesterday night from Moon Pay. 503 00:28:11,320 --> 00:28:14,800 He found Moon Pay and he was at the CFTC summit. 504 00:28:14,800 --> 00:28:17,640 So basically like it's kind of like an NFT conference where 505 00:28:17,640 --> 00:28:19,640 there's like a ton of side events, right? 506 00:28:19,640 --> 00:28:22,480 And so yesterday there was like ACFTC side events with like 507 00:28:22,480 --> 00:28:25,240 Paolo from USDT, Ivan from Moon Pay, etcetera. 508 00:28:26,480 --> 00:28:30,200 And everyone's bro honestly, like it's weird because I texted 509 00:28:30,200 --> 00:28:32,000 that to Mendo. I think like yesterday there was 510 00:28:32,000 --> 00:28:35,520 like Max bearish timeline, but like around me was like Max 511 00:28:35,520 --> 00:28:40,680 bullish like events and people like I'd just gotten off dinner 512 00:28:40,680 --> 00:28:43,520 and like Ivan was like he's he was extremely bullish about the 513 00:28:43,520 --> 00:28:46,280 future of like the United States and crypto with regards like the 514 00:28:46,280 --> 00:28:49,000 CFTCDSCC, etcetera. So I don't know what's going to 515 00:28:49,000 --> 00:28:54,880 happen today, but it's, it's I, I wouldn't like have crazy 516 00:28:54,880 --> 00:28:56,760 expectations, right? Because you guys have talked 517 00:28:56,760 --> 00:28:59,800 about this over and over again, like we knew that they can't 518 00:28:59,800 --> 00:29:03,400 just buy Bitcoin, but for some reason yesterday some people saw 519 00:29:03,400 --> 00:29:06,440 that bad news that they're holding 1% of the Bitcoin of the 520 00:29:06,560 --> 00:29:09,720 total Bitcoin supply. So I don't know, I wouldn't 521 00:29:09,720 --> 00:29:11,920 expect anything other. What's interesting though, is 522 00:29:12,000 --> 00:29:16,080 that they did say last week, I think David Sacks that to expect 523 00:29:16,720 --> 00:29:18,720 news at the Digital Asset Summit. 524 00:29:19,320 --> 00:29:21,880 And we all thought that it was going to be the executive order 525 00:29:21,880 --> 00:29:24,120 for the reserve, but that happened last night. 526 00:29:25,080 --> 00:29:26,680 So I just wonder what happens today. 527 00:29:26,680 --> 00:29:28,520 Yeah. There's a headline in the 528 00:29:28,840 --> 00:29:32,040 headline in the sense right now saying there'll be no tax 529 00:29:32,040 --> 00:29:35,400 benefits announced at. This so it could be the yeah 530 00:29:35,400 --> 00:29:37,200 which? Again, you said yesterday they 531 00:29:37,200 --> 00:29:38,920 can't do so. I don't know what we're talking 532 00:29:38,920 --> 00:29:40,960 about, but. Yeah. 533 00:29:41,120 --> 00:29:42,960 I mean, I don't know what to expect from a roundtable 534 00:29:43,560 --> 00:29:45,840 conversation like this is And Davis actually doubled down that 535 00:29:45,840 --> 00:29:47,360 saying like, yo, we're not inviting a lot of people because 536 00:29:47,360 --> 00:29:49,280 it's like a roundtable closed doors conversation about the 537 00:29:49,280 --> 00:29:52,240 future of crypto America, right. So I don't know what. 538 00:29:52,240 --> 00:29:56,240 So yeah, I don't know. With L ones, like I don't know 539 00:29:56,240 --> 00:29:59,480 if you know, but like Google is a validator on on Solana, right? 540 00:30:00,680 --> 00:30:05,400 Google never bought any Solana. Google was given Solana to be a 541 00:30:05,400 --> 00:30:08,880 validator on the node. And that's the case. 542 00:30:08,920 --> 00:30:10,760 You sometimes see that with a lot of big tech companies. 543 00:30:10,760 --> 00:30:14,520 They are given validators, given enough to be a validator 544 00:30:14,520 --> 00:30:19,600 essentially. I would be very unsurprised if 545 00:30:19,600 --> 00:30:24,360 this with the L ones, it was more like the US is going to be 546 00:30:24,360 --> 00:30:29,520 a validator on AVAX. I don't know if that's bullish 547 00:30:29,520 --> 00:30:33,600 or not, but I think that would be the, that would be a very 548 00:30:33,600 --> 00:30:36,840 easy thing that, that that would be possible because they would 549 00:30:37,320 --> 00:30:39,960 all these L ones kind of know how to do it and they've done it 550 00:30:39,960 --> 00:30:42,600 alongside, you know, big tech companies in the past. 551 00:30:45,920 --> 00:30:48,520 There could be as you said, Tyler Sunlight. 552 00:30:49,000 --> 00:30:52,240 I don't think anything concrete. Some light concepts of we are 553 00:30:52,240 --> 00:30:55,560 going to going to work alongside these boxing companies for doge 554 00:30:55,560 --> 00:31:01,840 efficiency stuff or think about ways to partner them with 555 00:31:03,040 --> 00:31:05,640 financial institutions or something like that, Something 556 00:31:05,640 --> 00:31:11,640 vague but but there. But I I can't see much concrete 557 00:31:11,640 --> 00:31:13,160 coming out of this. Yeah. 558 00:31:14,640 --> 00:31:16,760 Yeah, maybe I'm wrong. I think that's fair. 559 00:31:18,160 --> 00:31:21,560 Part of me thinks we're going to get a surprise today, but in 560 00:31:21,560 --> 00:31:23,240 general it is just a round table. 561 00:31:23,240 --> 00:31:24,680 It's an order being signed at three. 562 00:31:25,960 --> 00:31:29,160 I know for sure that during the summit, there's a 15 minute 563 00:31:29,160 --> 00:31:31,200 period in the middle where Donald Trump's coming to speak 564 00:31:31,200 --> 00:31:34,440 because that's the period where I'm allowed to go in and like 565 00:31:34,440 --> 00:31:36,440 some of the rest. So there's a summit. 566 00:31:36,840 --> 00:31:39,480 There's a 15 minute break in between where Donald Trump's 567 00:31:39,480 --> 00:31:41,360 coming to speak, obviously because he wants to speak to 568 00:31:41,440 --> 00:31:44,800 these founders, right? And then yesterday night there 569 00:31:44,800 --> 00:31:47,120 was a three years of alpha breaking news that like there's 570 00:31:47,120 --> 00:31:50,760 going to be at 2:45 or 3:00 PM today an executive order, right? 571 00:31:50,760 --> 00:31:55,480 Trump does an executive order at 2:30 PM on Friday, then Trump to 572 00:31:55,480 --> 00:31:57,800 deliver remarks at the White House just summit at 3:00 PM. 573 00:31:57,800 --> 00:32:01,920 So maybe that's not it. All of it's yet. 574 00:32:02,720 --> 00:32:07,200 Maybe not. We will be tuning in at 3:00 PM. 575 00:32:07,400 --> 00:32:12,280 That is a a must watch event at at this point in time. 576 00:32:13,000 --> 00:32:16,600 I also just want to quickly, I'm sharing this Alex Bell Belidus 577 00:32:16,600 --> 00:32:19,320 tweet here that David Sacks also reposted. 578 00:32:19,520 --> 00:32:22,000 And one of the reasons why I really like the announcement 579 00:32:22,000 --> 00:32:25,560 yesterday is that it's basically flood proof, right? 580 00:32:25,640 --> 00:32:27,520 They're not using taxpayer dollars. 581 00:32:28,120 --> 00:32:31,840 They're going to keep what they have and then evaluate ways to 582 00:32:31,840 --> 00:32:34,000 potentially accumulate it. That's not going to cost anyone 583 00:32:34,000 --> 00:32:36,320 anything. And like, like, how are you 584 00:32:36,320 --> 00:32:38,160 going to flood that? Like, unless you just hate 585 00:32:38,160 --> 00:32:40,880 Bitcoin in general, But even if you hate it and don't believe in 586 00:32:40,880 --> 00:32:44,200 it, like it's not impacting you in, in any way. 587 00:32:44,560 --> 00:32:47,200 And they also addressed the other assets, which was the the 588 00:32:47,200 --> 00:32:51,800 biggest reason why a capital CT turned Max Baer on Monday 'cause 589 00:32:51,800 --> 00:32:55,280 it was crony capitalism. And they said, hey, no, we're 590 00:32:55,280 --> 00:32:58,040 not going to buy any of that. And yes, we're going to have a 591 00:32:58,040 --> 00:33:02,160 stockpile if we seize it, if anyone forfeits it, we're going 592 00:33:02,160 --> 00:33:04,560 to keep that. But but hey, we're we're not 593 00:33:04,560 --> 00:33:09,120 going to go out and buy it. I am curious what what that 594 00:33:09,120 --> 00:33:12,800 means for some of those other assets like XRP. 595 00:33:12,800 --> 00:33:16,880 I would short the bucket of XRP and ADA like yesterday there was 596 00:33:16,880 --> 00:33:19,400 like the best OP like people are trying to short Bitcoin, like 597 00:33:19,400 --> 00:33:22,840 Bitcoin is like the most strong asset here to own, obviously 598 00:33:22,840 --> 00:33:26,080 because of reserve, but XRP and ADA that have been paying their 599 00:33:26,080 --> 00:33:29,200 way into the the White House. But that's a fact, right? 600 00:33:30,280 --> 00:33:35,800 Like through lobbying and and XRP especially etcetera, it's 601 00:33:36,240 --> 00:33:39,880 those coins, they're not specifically said we will not be 602 00:33:39,880 --> 00:33:43,280 buying tokens in the stockpile. And what people miss is saying 603 00:33:43,280 --> 00:33:45,960 that the treasury could potentially buy Bitcoin. 604 00:33:46,600 --> 00:33:49,600 So it's like So what? So we were bearish on Monday we 605 00:33:49,600 --> 00:33:53,280 meeting timeline because it was going to be a stockpile of 606 00:33:53,280 --> 00:33:55,560 multiple assets. Then we got confirmation to 607 00:33:55,560 --> 00:33:58,360 executive order that Bitcoin is going to be held and can be 608 00:33:58,360 --> 00:34:00,760 bought and that other assets will not be bought and were 609 00:34:00,760 --> 00:34:03,160 still bearish. Like honestly like it's starting 610 00:34:03,160 --> 00:34:05,520 to piss me off. Like I just don't understand 611 00:34:05,520 --> 00:34:06,400 anymore. I'm so confused. 612 00:34:07,000 --> 00:34:08,920 I, I had, I had to write, I had to come out and write a post 613 00:34:08,920 --> 00:34:11,840 yesterday. Like I, I saw people bearish on 614 00:34:11,840 --> 00:34:15,120 the concept of the reserve and how it diminishes Bitcoin or or 615 00:34:15,360 --> 00:34:16,960 or perhaps changes the initial vision. 616 00:34:16,960 --> 00:34:20,040 So I shared some thoughts. I don't understand it like ADA 617 00:34:20,040 --> 00:34:24,560 is a great looking short here. Like why? 618 00:34:24,840 --> 00:34:29,040 Why would it not just reclose the gap from from 60, especially 619 00:34:29,199 --> 00:34:30,920 we talked about the bears tailwinds from Besant. 620 00:34:30,920 --> 00:34:33,560 So like if you already think the market's probably going to be in 621 00:34:33,600 --> 00:34:38,320 for a period of chopping decline anyway, then shorting some of 622 00:34:38,320 --> 00:34:41,560 the assets that pumped on what is effectively fake news seems 623 00:34:41,719 --> 00:34:43,880 fairly interesting here. And I'm not really a guy who 624 00:34:43,880 --> 00:34:49,840 goes short too much, but that's something that I'll take a look 625 00:34:49,840 --> 00:34:53,920 at for sure. I don't know how much longer we 626 00:34:53,920 --> 00:34:56,800 have you on, so I want to make sure we hit the myriad news, 627 00:34:56,800 --> 00:35:01,600 huge news, myriad money markets are live. 628 00:35:01,920 --> 00:35:07,640 We've got 33 markets out there. You bet with USDC on abstract on 629 00:35:07,640 --> 00:35:11,080 the Myriad app we've got will pump funds cumulative revenue 630 00:35:11,080 --> 00:35:13,240 exceeds 615,000,000 by the end of March. 631 00:35:13,520 --> 00:35:16,560 Fear and greed index at 25 or above on March 10th and then the 632 00:35:16,600 --> 00:35:19,520 UFC fight tomorrow night prayer versus on club, which is a pick 633 00:35:19,520 --> 00:35:21,320 em. So very interesting fight to 634 00:35:21,320 --> 00:35:24,120 start with. Fear and greed index was the the 635 00:35:24,120 --> 00:35:26,280 market that I that I went after first. 636 00:35:26,280 --> 00:35:29,640 So I have made my bet disclosure, I'm on the yes side 637 00:35:29,800 --> 00:35:32,880 got in around 54%. So I'm up, I'm up and I still 638 00:35:32,880 --> 00:35:34,800 30% here. I checked in on that fear and 639 00:35:34,800 --> 00:35:38,440 greed index. Yes, generous line, huh? 640 00:35:39,360 --> 00:35:41,440 That's the generous line on the 25. 641 00:35:42,760 --> 00:35:45,680 Are you, are you on any of these broke? 642 00:35:46,160 --> 00:35:50,880 I'm so I, I can't, I can't take the bets here right now, but if 643 00:35:50,880 --> 00:35:54,000 I were to take them, I actually the fear and grid index. 644 00:35:54,440 --> 00:35:56,600 I actually don't know about the 25 bro 'cause I know we went to 645 00:35:56,600 --> 00:36:00,480 36, but that was before last night's mega bearishness like 646 00:36:00,480 --> 00:36:02,000 that. That was before the dip that the 647 00:36:02,000 --> 00:36:05,360 fear and grid index reset, so I wouldn't be surprised if we're 648 00:36:05,360 --> 00:36:09,920 back in the 2025 range I'd like. It's very possible, yeah. 649 00:36:10,240 --> 00:36:13,320 And markets may nuke and real quick rollback code is markets 650 00:36:13,360 --> 00:36:15,600 today, folks. There you go markets raffle ball 651 00:36:15,600 --> 00:36:17,680 dot XYZ get get we're doing 2 spins right. 652 00:36:17,680 --> 00:36:20,120 I'm gonna I'll I'll stay for the for the spins, but basically 653 00:36:20,120 --> 00:36:25,560 like I, I don't know I, I, I helped pick this market for the 654 00:36:25,560 --> 00:36:28,400 reason that I thought 25 is the perfect middle ground. 655 00:36:28,400 --> 00:36:33,720 So I have no idea. I I want to say over, but it, 656 00:36:34,320 --> 00:36:36,360 it's so weird. It's so tough, you know? 657 00:36:37,160 --> 00:36:41,280 I want to say I like my side, I like my side on the over, but we 658 00:36:41,280 --> 00:36:44,760 have to fade a big market sell off today and like a total sell 659 00:36:44,760 --> 00:36:47,480 the news event in the summit. What do you think, Logan? 660 00:36:47,560 --> 00:36:48,640 What do you got? Yeah. 661 00:36:49,000 --> 00:36:52,600 I so I also can't use the markets, but I think I would, I 662 00:36:52,600 --> 00:36:55,800 think I would be on the over. I think I'd be on the over as 663 00:36:55,800 --> 00:36:59,360 well. What already like healthily 664 00:36:59,360 --> 00:37:02,680 above at this point in time, I can't imagine, I don't have 665 00:37:02,680 --> 00:37:05,120 anything to support this, but I can't imagine the fear and greed 666 00:37:05,120 --> 00:37:08,800 index moves that volatility on weekends. 667 00:37:08,800 --> 00:37:10,720 But that's that's totally anecdotal. 668 00:37:10,720 --> 00:37:12,120 I have no evidence to support that. 669 00:37:12,120 --> 00:37:13,800 That's me making that up in my head. 670 00:37:14,840 --> 00:37:18,600 So you have a few days. Remaining let's study last 671 00:37:18,640 --> 00:37:24,680 weekend Friday last Friday was 10 and then it went. 672 00:37:25,840 --> 00:37:29,080 I think guys, you're right Logan, usually if your reading 673 00:37:29,080 --> 00:37:31,280 next is not supposed to be volatile by the way, it's not 674 00:37:31,280 --> 00:37:34,080 supposed to be. But last week, remember we went 675 00:37:34,080 --> 00:37:37,320 to 78. It was last Friday 78 K Bitcoin, 676 00:37:41,200 --> 00:37:43,000 right? Fuck this market man it's 677 00:37:43,040 --> 00:37:45,360 insane. I think it was. 678 00:37:46,800 --> 00:37:49,080 So last Friday we went to YEAH, because the Friday before that 679 00:37:49,080 --> 00:37:52,920 was 99. Yeah, March 4th. 680 00:37:52,920 --> 00:37:56,160 Well, that was Monday, so we were 84 K like this time last 681 00:37:56,160 --> 00:37:58,600 week and rebounding. Yeah. 682 00:37:58,760 --> 00:38:02,160 So it was 10, the fear and greed index, and then it went to 30 683 00:38:02,160 --> 00:38:05,800 something, then it went to 20, then it went to 15, then it went 684 00:38:05,800 --> 00:38:07,640 to 24. Like it's been thinly volatile. 685 00:38:07,640 --> 00:38:09,720 It's not supposed to be. But I think you guys are right. 686 00:38:09,720 --> 00:38:11,960 I think I think the over is probably going to hit here. 687 00:38:12,840 --> 00:38:14,760 Yeah, I don't know, man. It's an interesting one. 688 00:38:15,680 --> 00:38:19,240 Jump 9 points in a day. I guess I was just expecting the 689 00:38:19,240 --> 00:38:21,560 moves to be a little bit. More gradual you're. 690 00:38:22,000 --> 00:38:24,200 Not supposed to be. It's not supposed to be like 691 00:38:24,200 --> 00:38:25,880 this, but this is how fucked this market is. 692 00:38:26,040 --> 00:38:29,960 These are very. I mean, we got the US signed a 693 00:38:30,080 --> 00:38:31,480 strategic Bitcoin reserve yesterday. 694 00:38:31,520 --> 00:38:35,200 So that that should alleviate fear a little bit like 1. 695 00:38:35,280 --> 00:38:38,080 Percent of the total supply is owned by United States of 696 00:38:38,080 --> 00:38:41,280 America and people are bearish. Yeah, it's it's absurd. 697 00:38:41,840 --> 00:38:44,240 I like this pump fun line. I have not bet on this. 698 00:38:44,240 --> 00:38:46,800 I'm I am going to bet it. I think I'm going to take the 699 00:38:46,800 --> 00:38:52,120 under on this. So you're basically it's, it's 700 00:38:52,240 --> 00:38:54,200 the line is will pump funds cumulative revenue exceed 701 00:38:54,200 --> 00:38:57,320 615,000,000. I think it's already at like 580 702 00:38:57,320 --> 00:39:01,080 or something. So you, you do the math, it's 703 00:39:01,080 --> 00:39:02,960 basically are they going to come out? 704 00:39:03,480 --> 00:39:04,960 Are they going to keep their, are they basically are they 705 00:39:04,960 --> 00:39:06,800 going to underperform their local average or are they going 706 00:39:06,800 --> 00:39:09,240 to over perform their local average? 707 00:39:09,360 --> 00:39:11,000 Is this based on the price of Solana? 708 00:39:11,000 --> 00:39:12,720 Because that's another wrinkle as well. 709 00:39:14,600 --> 00:39:16,280 Because that's how they generate revenue. 710 00:39:16,360 --> 00:39:17,960 Right. Yeah, but they would earn X 711 00:39:17,960 --> 00:39:21,960 amount of soul. And if sold dumps $20 like that 712 00:39:21,960 --> 00:39:25,920 matters, you know, So I don't, I don't know the math. 713 00:39:26,720 --> 00:39:28,520 I'd have to look at the daily stuff. 714 00:39:28,520 --> 00:39:31,760 But there's a little wrinkle in there that might be able to give 715 00:39:31,760 --> 00:39:32,880 you an edge. Yeah, exactly. 716 00:39:33,040 --> 00:39:34,680 Yeah. You're making, you're making a 717 00:39:34,680 --> 00:39:36,480 million. They're making about a million a 718 00:39:36,480 --> 00:39:37,440 day. Right. 719 00:39:40,080 --> 00:39:42,000 They're making a million a day right now. 720 00:39:42,640 --> 00:39:45,160 So you're betting, are they going to keep that up for the 721 00:39:45,160 --> 00:39:50,400 next two weeks? So this market closes on March 722 00:39:50,400 --> 00:39:55,120 25th, but the resolution is from what they make March by March 723 00:39:55,120 --> 00:39:59,480 31st, like the whole month. The reason you closed it earlier 724 00:39:59,480 --> 00:40:01,920 is because then it's too easy to game if you go to the end. 725 00:40:02,880 --> 00:40:06,400 Yeah, people can like drain the liquidity and we're testing with 726 00:40:06,400 --> 00:40:07,960 three different markets. So there's a reason why some of 727 00:40:07,960 --> 00:40:10,920 our markets closed before just to keep some uncertainty. 728 00:40:12,640 --> 00:40:14,480 Because we have to provide liquidity for all these markets. 729 00:40:14,480 --> 00:40:16,720 It's crazy launching prediction markets in USDC guys is like 730 00:40:16,720 --> 00:40:18,720 such a big lift. Like we have to provide, we have 731 00:40:18,720 --> 00:40:21,920 to see liquidity those and but it's going to be you'll see 732 00:40:21,920 --> 00:40:23,640 where it gets fun and people can read between the lines. 733 00:40:23,640 --> 00:40:25,520 But there's going to be a world where like people are going to 734 00:40:25,520 --> 00:40:28,360 be able to provide liquidity for markets with AP YS and different 735 00:40:28,360 --> 00:40:30,200 things and all that. So this is going to grow like 736 00:40:30,520 --> 00:40:32,120 this. This is just the beginning. 737 00:40:34,240 --> 00:40:39,720 I'll take I'll, I'll take the over man, because it's the end 738 00:40:39,720 --> 00:40:41,440 of March you're seeing. A little rebound. 739 00:40:42,320 --> 00:40:44,600 They're making a million to million three a day. 740 00:40:46,520 --> 00:40:53,640 There's quite a lot of days left to March 2124 days to 20 I and 741 00:40:53,640 --> 00:40:57,600 all you need is 1 runner for them to really cook or like a 742 00:40:57,600 --> 00:40:59,360 meme, like a please moment, right? 743 00:40:59,360 --> 00:41:00,680 Like we're like there's a million of them. 744 00:41:02,600 --> 00:41:04,880 And if the end of March, you said one of your quants is 745 00:41:04,880 --> 00:41:07,520 seeing some pumps at the end of March, Tyler at some point or 746 00:41:07,520 --> 00:41:10,640 something like that, but I don't know, I'll take the over. 747 00:41:11,360 --> 00:41:14,000 My M2 quant says we're going to bottom on March 25th so. 748 00:41:14,640 --> 00:41:18,640 If we the bottom, then you have a week of degeneracy left in 749 00:41:18,640 --> 00:41:20,960 March. I'll I'll take the over. 750 00:41:20,960 --> 00:41:25,680 Here, I'll take the over. Yeah, I like the over too. 751 00:41:26,280 --> 00:41:32,480 I think we are at like near peak pump fund FUD and token launch 752 00:41:32,480 --> 00:41:35,760 FUD and you know, just exhaustion. 753 00:41:36,600 --> 00:41:41,600 And if there are still like close to on pace like Farooq 754 00:41:41,600 --> 00:41:43,760 said, I think it takes just a few runners and we're starting 755 00:41:43,760 --> 00:41:46,080 to see some right. You saw please, I mean it, it's 756 00:41:46,080 --> 00:41:49,160 not the same caliber, but you saw please, you saw the grok 757 00:41:49,160 --> 00:41:53,000 thing from last night like. Also, what if Frank just decides 758 00:41:53,000 --> 00:41:56,240 to come back and stream? Well then like. 759 00:41:56,880 --> 00:41:58,760 Get serious. Like that's what I thought about 760 00:41:58,960 --> 00:42:01,520 when we were making this line. I'm like, what if like these 761 00:42:01,520 --> 00:42:06,200 guys just what if these guys just like come out of of their 762 00:42:06,200 --> 00:42:10,440 retirement in March and they start fucking Jakey and Gigi and 763 00:42:10,440 --> 00:42:12,480 stuff. They're going to be daily runs. 764 00:42:14,160 --> 00:42:16,560 I think someone was in this grot coin last night. 765 00:42:16,560 --> 00:42:19,680 I don't know if folks saw this, this thing to $200 million in 766 00:42:19,680 --> 00:42:22,120 volume. We haven't seen that in in 767 00:42:22,120 --> 00:42:25,080 weeks. It got to about 30 million. 768 00:42:25,080 --> 00:42:26,720 It looks like it peaked this morning. 769 00:42:26,720 --> 00:42:30,040 So it traded all night during the, the demon hours and then 770 00:42:30,040 --> 00:42:33,160 it's just been selling off because folks have been waking 771 00:42:33,160 --> 00:42:36,200 up. I, I, I didn't touch this one, 772 00:42:36,200 --> 00:42:39,120 but I, I was very surprised at the volume. 773 00:42:39,160 --> 00:42:41,200 So they did this pool did 140 million. 774 00:42:41,200 --> 00:42:45,080 This pool did 48 million, then another 30 million. 775 00:42:45,080 --> 00:42:48,080 So yeah, I did it well over 200 million in a day. 776 00:42:48,560 --> 00:42:49,800 It wrecked. Please. 777 00:42:49,800 --> 00:42:55,000 So please was the, the, the recent darling, please go back 778 00:42:55,000 --> 00:42:57,080 up. Is is the mantra. 779 00:42:58,000 --> 00:43:01,440 Man, this is did you see the the senator that tweeted like I see 780 00:43:01,440 --> 00:43:05,960 JD Vance's face everywhere. Yes, the the meme is everywhere. 781 00:43:06,280 --> 00:43:08,000 In disclosure, I do hold some of this. 782 00:43:09,480 --> 00:43:13,560 I don't know what else I do. I this is this is a good meme 783 00:43:13,560 --> 00:43:14,960 man. It's a good. 784 00:43:15,640 --> 00:43:19,520 The the it's funny, they're still out there. 785 00:43:19,520 --> 00:43:23,360 It's light hearted. I have no idea what what's going 786 00:43:23,360 --> 00:43:25,680 to happen to the coin folks. And I'm not saying anyone should 787 00:43:25,800 --> 00:43:27,920 should go buy it. I'm probably dumb for having 788 00:43:27,920 --> 00:43:29,120 some. I like the meme though. 789 00:43:29,200 --> 00:43:31,600 This meme is going to stick around, I think for for this 790 00:43:31,600 --> 00:43:35,800 term because I don't have any, but I just it's so funny, man 791 00:43:35,800 --> 00:43:39,440 Sorry about. That Where is this coming? 792 00:43:39,480 --> 00:43:42,760 From sorry. Fox, come here so. 793 00:43:43,480 --> 00:43:45,720 Funny you're good Yeah, I can mute you from here Boom. 794 00:43:48,200 --> 00:43:51,640 So far just so just some statistics base for you Logan. 795 00:43:51,800 --> 00:43:53,560 Oh, you're back just some statistics for you while I'm at 796 00:43:53,560 --> 00:43:55,200 it. I opened the Metabase and we 797 00:43:55,200 --> 00:43:56,920 should go over the third market. Oh, it's the UFC. 798 00:43:56,920 --> 00:43:59,760 So we don't really talk UFC. Ferrera and Unclev are pretty 799 00:43:59,760 --> 00:44:02,160 good. But I can tell you as a bit 800 00:44:02,160 --> 00:44:06,560 about what's next. But there's been 1095 traders 801 00:44:06,560 --> 00:44:09,560 officially. So it's pretty big. 1000 people 802 00:44:09,560 --> 00:44:13,520 have traded this market, $32,925. 803 00:44:13,520 --> 00:44:17,800 USDC traded like that's that's a big deal for us like $32,000 of 804 00:44:17,800 --> 00:44:23,080 volume in less than 24 hours. And there's been 1700 trades. 805 00:44:23,760 --> 00:44:29,120 So it's pretty cool. Like 30,000 spent $2000 sold. 806 00:44:29,120 --> 00:44:31,560 So people are holding on to their thing, which is really 807 00:44:31,560 --> 00:44:33,000 cool. And the fear and greed 1 is 808 00:44:33,000 --> 00:44:37,360 really like is the one that's getting the most amount of, you 809 00:44:37,360 --> 00:44:40,000 know, individual traders because it's people love short term 810 00:44:40,000 --> 00:44:41,440 market. So basically what we're going to 811 00:44:41,440 --> 00:44:45,040 do is once the fear and greed market closes, we have another 812 00:44:45,040 --> 00:44:47,920 market coming on on Bitcoin price short term 1, which is 813 00:44:47,920 --> 00:44:50,000 going to be fun as well. And so we're just going to keep 814 00:44:50,000 --> 00:44:52,520 running these like that, like weekly prices and weekly fear 815 00:44:52,520 --> 00:44:53,840 and greed indexes and stuff like that. 816 00:44:53,840 --> 00:44:57,480 And then we're going to try and do some fun sports ones within 817 00:44:57,480 --> 00:45:00,000 line of what we can do. So then there's F1 next week and 818 00:45:00,000 --> 00:45:03,120 what she thinks. So we're texting and it's a lot 819 00:45:03,120 --> 00:45:04,880 of fun. So people should get on and and 820 00:45:04,880 --> 00:45:06,800 try it. Was your experience good? 821 00:45:06,800 --> 00:45:09,760 I hadn't tried because I'm not home, but was was your 822 00:45:09,760 --> 00:45:13,520 experience good Tyler? Like the migrating to abstract 823 00:45:13,520 --> 00:45:15,080 and all this stuff like was it easy to? 824 00:45:15,080 --> 00:45:16,240 Yeah, so the. Whole thing. 825 00:45:16,280 --> 00:45:22,120 So I, I, I bridged, I bridged capital and then made the bets. 826 00:45:22,120 --> 00:45:24,760 Like you go through a few approvals like your first time. 827 00:45:24,880 --> 00:45:27,240 So like there's, there's like the abstract approval messages 828 00:45:27,240 --> 00:45:29,760 you kind of got to get through. But once you get through that, 829 00:45:29,760 --> 00:45:35,080 it's, it's clean, it's quick, Make your bets in seconds. 830 00:45:36,120 --> 00:45:40,680 So I was just saying we, we're going to be rooting it on for 831 00:45:40,680 --> 00:45:42,560 sure. Wow, we're only a few minutes 832 00:45:42,560 --> 00:45:43,480 left in the show. Wow. 833 00:45:43,480 --> 00:45:45,400 We, we really, I'm, I'm happy we went here. 834 00:45:47,600 --> 00:45:49,040 A couple other stories are quick. 835 00:45:49,040 --> 00:45:54,520 You want to hit on Gito has a new proposal for buybacks that 836 00:45:54,520 --> 00:45:56,400 that's the headline. That's basically what you need 837 00:45:56,400 --> 00:45:58,240 to know. Buybacks are hot right now. 838 00:45:58,520 --> 00:46:01,240 We know what what kind of impact that can have the tokens. 839 00:46:01,240 --> 00:46:06,160 So, so keep an eye on that. Logan, you've been you've been 840 00:46:06,200 --> 00:46:09,120 following this Solana vote that goes Live Today. 841 00:46:09,120 --> 00:46:12,840 What's the quick TLDR on that? Yeah, it may have an impact on 842 00:46:12,840 --> 00:46:14,920 Gito as well. So there is a proposal, it's 843 00:46:14,920 --> 00:46:17,880 supposed to go live later today, but basically to change the 844 00:46:17,880 --> 00:46:23,440 emission schedule of Solana inflation more or less, right. 845 00:46:23,440 --> 00:46:26,560 So right now it's based on a fixed, it was set I think in 846 00:46:26,560 --> 00:46:28,360 2021 or maybe even earlier than that. 847 00:46:29,000 --> 00:46:32,320 But a fixed supply emission schedule, they're looking to to 848 00:46:32,320 --> 00:46:36,640 move that to a more programmatic dynamic emission schedule, which 849 00:46:36,640 --> 00:46:40,680 would change based on basically the staking participation. 850 00:46:40,680 --> 00:46:42,800 So there's a lot of big technical words in there, but 851 00:46:42,800 --> 00:46:46,920 more or less changing the supply inflation, you'll see plenty of 852 00:46:46,920 --> 00:46:48,720 opinions probably if you're following. 853 00:46:49,000 --> 00:46:52,320 Yeah, totally. And others about the pros and 854 00:46:52,320 --> 00:46:57,400 cons on your timeline. So, yeah, but don't know too 855 00:46:57,400 --> 00:47:01,520 much about exactly my read just based on, you know, consuming a 856 00:47:01,520 --> 00:47:06,120 lot of this is that the support outweighs the dissenters. 857 00:47:06,960 --> 00:47:09,760 But we, you know, we don't know for sure until the actual vote 858 00:47:09,760 --> 00:47:12,400 takes place, which is expected to take place a little bit later 859 00:47:12,400 --> 00:47:13,880 today. I don't think it'll close today, 860 00:47:13,920 --> 00:47:17,120 but we'll get a better idea of if people want to reduce this 861 00:47:17,120 --> 00:47:20,800 rate or not so. Seems like I'm I'm reading this. 862 00:47:20,800 --> 00:47:22,440 It seems like Tolley's pretty for this. 863 00:47:22,760 --> 00:47:25,800 Yeah, I think so, based on I actually reached out to ask him 864 00:47:26,080 --> 00:47:28,120 for a very specific answer to that. 865 00:47:28,120 --> 00:47:32,320 Not received a reply yet, but based on his tweets and 866 00:47:32,320 --> 00:47:37,880 retweets, it does seem as if he is pro SIM. 867 00:47:37,920 --> 00:47:40,720 It's called SIMD, which is Solana improvement proposal more 868 00:47:40,720 --> 00:47:44,680 or less 228-0228. So I think he's pro. 869 00:47:44,680 --> 00:47:46,600 One of the things that's written, you know, just to tie 870 00:47:46,600 --> 00:47:49,600 it into the Jido thing and maybe why that's important in addition 871 00:47:49,600 --> 00:47:53,320 to the buybacks is one of the the pros written by the authors, 872 00:47:53,680 --> 00:47:57,200 2 folks from Multi Coin as well as one from Anza, which is a 873 00:47:57,560 --> 00:47:59,280 Solana research and development firm. 874 00:48:00,640 --> 00:48:04,160 One of the pros is that this this may increase Solana defy 875 00:48:05,280 --> 00:48:08,440 activity. So if I activity, I mean Gito, 876 00:48:08,440 --> 00:48:11,120 of course, major player there already. 877 00:48:12,000 --> 00:48:15,480 But yeah, I I encourage people do it to read the original. 878 00:48:15,480 --> 00:48:17,440 I mean, it's not that it's not that crazy long. 879 00:48:17,440 --> 00:48:21,040 It is a little technical, of course, which is a just waiting 880 00:48:21,040 --> 00:48:23,480 for, you know, folks that may be just active salon of 881 00:48:23,480 --> 00:48:24,800 participants. That's one of the biggest 882 00:48:24,800 --> 00:48:27,080 questions that I've asked to these folks who have provided 883 00:48:27,080 --> 00:48:31,400 opinions on it is like explain to me why this matters to me, a 884 00:48:31,400 --> 00:48:34,320 non staker. You know, you should know that 885 00:48:34,320 --> 00:48:36,560 of course if you're not staking, you're probably you're losing a 886 00:48:36,560 --> 00:48:38,920 little bit to the inflation. I think most people recognize 887 00:48:38,920 --> 00:48:40,680 that. But like why does this matter to 888 00:48:40,680 --> 00:48:42,240 just the average Solana participant? 889 00:48:42,240 --> 00:48:44,720 That's an answer that I'm trying to get from folks. 890 00:48:45,320 --> 00:48:48,400 I've not received 1 yet. TPD but less self pressure. 891 00:48:48,960 --> 00:48:50,280 Right, less ongoing self pressure. 892 00:48:50,280 --> 00:48:51,680 Potentially, right. Exactly. 893 00:48:51,680 --> 00:48:53,960 Yeah, things like that. But I'd like to hear it from I'd 894 00:48:53,960 --> 00:48:57,640 like to hear from them so. Yeah, if you look outside of the 895 00:48:57,640 --> 00:48:59,840 casino, there's some good stuff going on in Salon on the line 896 00:48:59,840 --> 00:49:03,400 like Pith and Cheeto, and one of these teams are really good. 897 00:49:04,040 --> 00:49:06,480 For sure. So that's going to be A and. 898 00:49:06,480 --> 00:49:08,040 Solana's holding strong too dude. 899 00:49:08,040 --> 00:49:10,280 Like I've been looking at Solana like daily. 900 00:49:10,880 --> 00:49:15,040 Like every single time it goes down to the low one 30s it's 901 00:49:15,040 --> 00:49:19,240 been up screaming by like I did it once and it paid well. 902 00:49:19,240 --> 00:49:21,520 I missed the last one but I think I'm just going to keep 903 00:49:21,520 --> 00:49:23,520 running this back. Like every time I see 100 and 904 00:49:23,520 --> 00:49:26,840 27132 dollars sold. Just fucking Max bid. 905 00:49:26,840 --> 00:49:29,600 Sadly you have to sell every time it goes to like this range, 906 00:49:30,960 --> 00:49:32,960 you know. Yeah, it's like it feels like 907 00:49:33,480 --> 00:49:38,360 buy, buy the one 30s, sell the 160 until we. 908 00:49:38,360 --> 00:49:42,360 Kind of, yeah, like I'd say 150 bro, like with that one 5153 909 00:49:42,360 --> 00:49:45,840 range is nasty. Yeah, kind kind of feels that 910 00:49:45,840 --> 00:49:48,600 way. What else? 911 00:49:48,600 --> 00:49:50,800 We're not gonna have time to give this justice, but this new 912 00:49:50,800 --> 00:49:54,400 New York bill aims to protect investors against rug pools. 913 00:49:54,400 --> 00:49:57,280 So it's gonna be very interesting how they define that 914 00:49:57,840 --> 00:50:04,080 because it's a very murky world, to say the least. 915 00:50:04,080 --> 00:50:06,400 So, like, what will have to have been promised? 916 00:50:06,920 --> 00:50:11,760 What minimum actions are required to avoid a rock poll? 917 00:50:12,040 --> 00:50:13,240 Logan, did anything come out of this? 918 00:50:13,240 --> 00:50:16,960 Did you have a chance to dig in? So I looked, I looked at the I'm 919 00:50:16,960 --> 00:50:19,520 sorry, I I looked at the bill real quick. 920 00:50:20,360 --> 00:50:23,120 There are some wonky definitions in there as well, right? 921 00:50:23,120 --> 00:50:26,440 There's some stuff about non disclosure, like punishing 922 00:50:26,440 --> 00:50:30,320 potentially for not disclosing, you know, which I think most of 923 00:50:30,320 --> 00:50:34,200 us are supportive of, right? Like not disclosing and shilling 924 00:50:34,200 --> 00:50:35,560 basically is what I'm alluding to. 925 00:50:35,800 --> 00:50:38,440 But there's some details in there about developers and how 926 00:50:38,440 --> 00:50:41,400 much supply they own. And it'll be interesting to see 927 00:50:41,760 --> 00:50:45,200 more come from it and hopefully a bit more clarity around 928 00:50:45,200 --> 00:50:48,880 exactly what those details are, which I imagine will be sussed 929 00:50:48,880 --> 00:50:51,920 out if this moves along. But I mean, I think most people 930 00:50:51,920 --> 00:50:55,480 are all for all for protecting investors from things like this. 931 00:50:55,480 --> 00:50:59,560 Like we, you know, we don't want the the on chain crime, despite, 932 00:50:59,560 --> 00:51:02,680 you know, perhaps seeing pleas for it previously. 933 00:51:04,240 --> 00:51:11,240 Well, the the the good news. Well, in this new digital asset 934 00:51:11,240 --> 00:51:13,920 stockpile world, if there is crime and the US government 935 00:51:13,920 --> 00:51:17,400 confiscates. They're going to want to fuck on 936 00:51:17,400 --> 00:51:17,920 a Libra. Huh? 937 00:51:17,920 --> 00:51:19,800 I saw that tweet from dude. That's like cackled bro. 938 00:51:20,320 --> 00:51:22,840 Yes, that was that was a. Great, that was a great tweet. 939 00:51:24,200 --> 00:51:28,240 So you know what the the move is, is you launch a token, you 940 00:51:28,240 --> 00:51:31,600 commit crime, you have the government sees like 80% of it. 941 00:51:31,720 --> 00:51:37,360 So it's low float, high FTV and then you let 20% trading and 942 00:51:37,360 --> 00:51:40,000 then what you know, you, you go hang out with SBF. 943 00:51:40,000 --> 00:51:41,720 Apparently Dee Dee is very kind to him, you know. 944 00:51:42,560 --> 00:51:44,800 That's yeah, that that's the new meta. 945 00:51:44,800 --> 00:51:48,520 And and Speaking of crime, SBF somehow landing an interview 946 00:51:48,520 --> 00:51:51,600 from prison. It was a strange interview. 947 00:51:51,720 --> 00:51:54,000 I listened to the 1st 30 minutes of it or so. 948 00:51:55,680 --> 00:52:00,440 He, he apologizes, but basically he's kind of saying like we had 949 00:52:00,440 --> 00:52:03,840 a good thing going. He blames the bankruptcy lawyers 950 00:52:03,840 --> 00:52:06,320 for selling everything at the bottom basically says we we 951 00:52:06,360 --> 00:52:09,400 would have had 90 billion in assets if they wouldn't have 952 00:52:09,400 --> 00:52:11,880 done that versus 17 billion in liabilities. 953 00:52:11,880 --> 00:52:15,520 Of course, that's like that's assuming that they didn't do 954 00:52:15,520 --> 00:52:19,800 anything else shady or take any other bad bets over the course 955 00:52:19,800 --> 00:52:22,240 of three years, right? So. 956 00:52:22,240 --> 00:52:25,960 He said I, I believe I read the decrypt article Andre covered 957 00:52:25,960 --> 00:52:28,720 for us. He said I'm not a criminal. 958 00:52:28,840 --> 00:52:30,520 He's pleading what? Non guilty, right? 959 00:52:30,600 --> 00:52:36,040 So he did say that specifically, though. 960 00:52:36,040 --> 00:52:39,240 Tucker Carlson was like, the DOJ thinks you're a criminal, you're 961 00:52:39,240 --> 00:52:42,520 in jail. He did say Denny's been nice to 962 00:52:42,520 --> 00:52:45,960 him. Yeah, he said that so it doesn't 963 00:52:45,960 --> 00:52:48,520 get looped up. After that interview, he. 964 00:52:49,760 --> 00:52:53,760 Hasn't been beaten yet. Yeah, dude, that's crazy. 965 00:52:53,760 --> 00:52:55,160 I didn't watch the whole thing. I watched a little bit. 966 00:52:55,560 --> 00:52:57,760 I just, he pisses me the fuck off. 967 00:52:57,760 --> 00:53:01,320 Like I'm sorry. Like I I was asked. 968 00:53:01,320 --> 00:53:02,320 I was talking to Sandra yesterday. 969 00:53:02,320 --> 00:53:04,880 I was like, have you ever interviewed someone that you 970 00:53:04,880 --> 00:53:08,320 despise? And he said, of course, and I'll 971 00:53:08,320 --> 00:53:11,680 have as well. But I wonder like, at what point 972 00:53:12,000 --> 00:53:14,160 do you break that? And you're like, yo, fuck you. 973 00:53:14,480 --> 00:53:16,720 Like I feel like if I were to interview, SBFI would do well, 974 00:53:16,720 --> 00:53:18,840 but I'm afraid that I would like at some point just like 975 00:53:18,880 --> 00:53:21,320 breakdown. Like I really despise this guy. 976 00:53:22,440 --> 00:53:26,640 What's the problem right if someone listens to this who does 977 00:53:26,640 --> 00:53:28,680 not have a deeper knowledge of the situation? 978 00:53:29,400 --> 00:53:31,560 They think he's a good guy because he's so good at he's so 979 00:53:31,600 --> 00:53:33,160 surprised. He. 980 00:53:33,600 --> 00:53:38,080 Sounds very, he's weird. He sounds very childlike, like 981 00:53:38,080 --> 00:53:40,600 he has this like, like if you don't know anything about him, 982 00:53:40,600 --> 00:53:43,360 like he comes off as like this innocent poor little child that 983 00:53:43,360 --> 00:53:45,960 was put in prison. He made the wrong like he made 984 00:53:45,960 --> 00:53:47,880 the wrong mistake. But he's got good mommy and 985 00:53:47,880 --> 00:53:49,360 daddy. But he's he's evil. 986 00:53:49,880 --> 00:53:53,560 He's really evil, you know? And he like didn't. 987 00:53:53,560 --> 00:53:56,720 And all of a sudden he's Biden. You were telling me that he 988 00:53:56,720 --> 00:53:58,440 walked back all the Biden stuff, right? 989 00:53:58,760 --> 00:54:00,480 He did, yeah. So he basically said yes I 990 00:54:00,480 --> 00:54:04,840 donated to Biden but I was secretly donating to Republicans 991 00:54:05,080 --> 00:54:08,480 and then the Dems threw me under the bus basically is what he 992 00:54:08,480 --> 00:54:12,440 said. So he he's clearly doing this 993 00:54:12,600 --> 00:54:14,840 apology tour to try to get pardoned. 994 00:54:17,480 --> 00:54:20,240 Let's hope that doesn't happen. I feel like it's non zero that's 995 00:54:20,240 --> 00:54:24,800 going to happen. For one, just the fact this 996 00:54:24,800 --> 00:54:28,880 interview happened makes me think it's it's non 0 at this 997 00:54:28,880 --> 00:54:32,040 point in time. So we'll we'll certainly see 998 00:54:33,680 --> 00:54:36,840 it's 10 around the hour mark. Brooke, I know you've got a busy 999 00:54:36,840 --> 00:54:37,320 day.