1 00:00:01,040 --> 00:00:08,280 Good morning, Good morning, GMGM, everyone, and welcome to 2 00:00:08,360 --> 00:00:16,079 another episode of Homo Howard. Hey, hey, it's Friday, April 3 00:00:16,280 --> 00:00:23,600 4th. Oh, Arif again is here. 4 00:00:23,600 --> 00:00:26,880 Markets crashed yesterday. Looked like we were starting to 5 00:00:26,880 --> 00:00:30,360 rebound. China slaps a 34% retaliatory 6 00:00:30,360 --> 00:00:32,320 tariff on as markets fall some more. 7 00:00:32,320 --> 00:00:34,680 There's blood across all markets right now. 8 00:00:34,680 --> 00:00:38,280 The question becomes, is the pain over or is it just 9 00:00:38,400 --> 00:00:42,200 beginning and is it finally crypto's chance to shine? 10 00:00:42,400 --> 00:00:44,440 We're going to break it all down on today's show. 11 00:00:44,680 --> 00:00:47,440 No, Amanda, but we still have a full house, folks. 12 00:00:47,640 --> 00:00:49,720 We've got Farrok back, we've got Logan. 13 00:00:49,720 --> 00:00:52,840 We've got stats. What a cast for. 14 00:00:53,200 --> 00:00:55,600 It's you first, Jim. How you doing live from 15 00:00:55,640 --> 00:00:58,640 Switzerland? Good morning, Guta Morga, like 16 00:00:58,640 --> 00:01:02,320 they say in the Dutch side of Switzerland, I'm doing good. 17 00:01:02,320 --> 00:01:04,760 Listen, I'm in the home of Ethereum of the Solana 18 00:01:04,760 --> 00:01:08,600 Foundation of Cardano of every single crypto company as we 19 00:01:08,600 --> 00:01:11,840 speak live from Zoog, you know, that's where they're all based. 20 00:01:11,840 --> 00:01:13,840 So maybe I'm going to go have a quick chat with the Ethereum 21 00:01:13,840 --> 00:01:15,840 Foundation about 10 minute walk away from me. 22 00:01:16,480 --> 00:01:19,600 You know my name does say still bullish, you know, still 23 00:01:19,600 --> 00:01:22,520 foolish, that's for sure. You know I wake up every morning 24 00:01:22,520 --> 00:01:23,880 in Europe and the market's pumping. 25 00:01:23,880 --> 00:01:25,960 I am here making Europe great again. 26 00:01:26,960 --> 00:01:32,280 Every single day I woke up here, I saw 20% fart coin candle and 27 00:01:32,280 --> 00:01:36,000 then you guys wake up and somehow managed to to to fuck 28 00:01:36,000 --> 00:01:37,240 shit up. So you know, we're going to have 29 00:01:37,240 --> 00:01:39,200 to have a chat today, but I'm glad to be here. 30 00:01:39,280 --> 00:01:41,640 It feels good and I love it when you intro. 31 00:01:41,640 --> 00:01:43,600 It's like, I like it, love the energy. 32 00:01:44,840 --> 00:01:49,120 Well, I see a 20% candle on fartcoin right now, so maybe 33 00:01:49,120 --> 00:01:51,240 America's is pulling our own weight over there. 34 00:01:51,320 --> 00:01:53,080 Because I called them out, you know, I was like, come on, 35 00:01:53,080 --> 00:01:55,600 America, come. On Well, thank you for your 36 00:01:55,600 --> 00:01:58,440 service, Brogan. Live from Peru, folks, we are 37 00:01:58,440 --> 00:02:01,040 global today. This is a global show. 38 00:02:01,560 --> 00:02:02,760 Hey, yeah. How you doing? 39 00:02:03,120 --> 00:02:05,320 Hey, morning folks, doing well again. 40 00:02:05,320 --> 00:02:07,240 Another beautiful day here in Peru. 41 00:02:08,039 --> 00:02:12,400 A little sweaty after the walk here because it is so hot and 42 00:02:12,400 --> 00:02:15,120 humid, but otherwise can't complain. 43 00:02:15,120 --> 00:02:17,960 I'm trying not to look at the markets really at all when I got 44 00:02:17,960 --> 00:02:21,360 the sun shining, so I'm doing better than I could be. 45 00:02:22,040 --> 00:02:24,760 We love to hear it, folks. Staffs Friend of the Show, Chief 46 00:02:24,760 --> 00:02:28,800 Chart Officer at Meme Land provides great commentary across 47 00:02:28,800 --> 00:02:30,440 markets. Sam, how you doing? 48 00:02:30,840 --> 00:02:33,200 What's up, boys? I, I, I love hanging with 49 00:02:33,200 --> 00:02:34,640 Farouk. You know, he's just got such 50 00:02:34,640 --> 00:02:36,120 good energy. Sometimes you forget it on 51 00:02:36,120 --> 00:02:37,840 crypto Twitter. But like, when you see the dude 52 00:02:37,840 --> 00:02:41,000 real life, you're like, I love this guy and Logan, love you. 53 00:02:41,640 --> 00:02:43,200 Here. Here's actually some alpha, not 54 00:02:43,200 --> 00:02:44,200 alpha. Here's a fact. 55 00:02:44,200 --> 00:02:47,200 I actually would had an alt account on Friendtech, and I was 56 00:02:47,200 --> 00:02:49,400 one of the early buyers of Logan's Key, so I don't think he 57 00:02:49,400 --> 00:02:51,400 ever even knew it. So it's nice to see the guy. 58 00:02:53,360 --> 00:02:54,560 Yeah. Nice. 59 00:02:55,280 --> 00:02:57,760 Old school. Logan's a sleeper, you know? 60 00:02:57,760 --> 00:02:58,480 He's he's. I don't. 61 00:02:59,160 --> 00:03:00,680 Even know what he looks like. This is the first time I 62 00:03:00,680 --> 00:03:02,280 actually know what Logan looks like. 63 00:03:02,280 --> 00:03:04,200 What's up dude? Hello. 64 00:03:04,240 --> 00:03:05,880 Yeah. For real. 65 00:03:06,400 --> 00:03:07,760 Yeah. That's so good, yeah. 66 00:03:09,160 --> 00:03:11,600 I don't think Sam exposing him that he doesn't watch our show. 67 00:03:13,200 --> 00:03:16,160 I don't I, I listen, I'm I'm like a spaces guy. 68 00:03:16,160 --> 00:03:18,120 I'm. Not a YouTube guy I see. 69 00:03:18,680 --> 00:03:22,000 You yeah, all that slide folks. What are we talking about on 70 00:03:22,000 --> 00:03:24,640 today's show, Tara? Forgotten wrecking market, 71 00:03:24,640 --> 00:03:26,520 stocks are down trying to retaliate. 72 00:03:26,520 --> 00:03:29,880 It's crypto falls but rebounds the 10 year sub 4. 73 00:03:29,880 --> 00:03:32,480 California wants an exemption. The job report was good. 74 00:03:32,480 --> 00:03:35,040 We're going to break it all down, talk market impact, 75 00:03:35,400 --> 00:03:37,680 Polymarket recession. Odds are at 56%. 76 00:03:38,240 --> 00:03:40,880 We've betten yes or no on that. We're going to talk meme coins. 77 00:03:40,880 --> 00:03:43,040 There's some strength out there. There's some strength in Alts 78 00:03:43,200 --> 00:03:46,040 Sonic. There's some strength in all the 79 00:03:46,280 --> 00:03:49,960 far coin, tic coin house coin crew right now. 80 00:03:50,240 --> 00:03:52,200 And then we're going to also debrief a little bit from our 81 00:03:52,200 --> 00:03:54,320 interview with Wave Finder yesterday. 82 00:03:54,800 --> 00:03:56,840 Man, that was quite the conversation. 83 00:03:56,840 --> 00:04:00,880 And maybe talk to Sam about his recent punk buy and how he is 84 00:04:00,960 --> 00:04:03,560 feeling about that. Plus maybe what meme land is 85 00:04:03,560 --> 00:04:07,240 cooking as well. Before we dive in, shout out to 86 00:04:07,240 --> 00:04:08,720 our partners starting with Galaxis. 87 00:04:08,720 --> 00:04:11,960 Galaxis is a Web 3 platform empowering creators and brands 88 00:04:11,960 --> 00:04:14,840 to build unstoppable communities with full ownership and 89 00:04:14,840 --> 00:04:18,120 independence, trusted by icons like Donald Trump, Steve Aoki, 90 00:04:18,120 --> 00:04:21,240 Mike Tyson and the NBA, shaping together the future of 91 00:04:21,279 --> 00:04:25,560 engagement and wallet connect is the connectivity network shaping 92 00:04:25,560 --> 00:04:28,560 the future of on chain UX. If you've connected to a Web 3 93 00:04:28,560 --> 00:04:31,480 app, you've seen wallet connect that blue logo, it's everywhere. 94 00:04:31,720 --> 00:04:35,440 And I kind of trust in crypto as recognizable as Visa at the 95 00:04:35,440 --> 00:04:36,720 checkout. If you want to learn more, 96 00:04:36,960 --> 00:04:40,600 follow at wallet connect on X and Telegram to stay ahead of 97 00:04:40,600 --> 00:04:43,320 what's next. All right, we love our partner. 98 00:04:43,320 --> 00:04:47,520 Shout to them as always. No Mando today, so I guess I 99 00:04:47,520 --> 00:04:51,880 will do a quick market report and then get into discussion 100 00:04:52,320 --> 00:04:55,480 with our crew here. Firing up this the screen share 101 00:04:55,480 --> 00:04:59,840 for those who are in the stream, Let's take a look at the crypto 102 00:04:59,840 --> 00:05:04,840 board. Bitcoin 82,700 up 1% on the day. 103 00:05:04,920 --> 00:05:10,560 ETH also up a percent. 1790 sold all the way down here now 116 104 00:05:12,400 --> 00:05:14,600 that that's up. That's up on the day, up 2%. 105 00:05:14,880 --> 00:05:17,720 So what has been happening? We had tariff again yesterday. 106 00:05:17,720 --> 00:05:21,400 Stocks fell 5%. Worst day in five years if you 107 00:05:21,400 --> 00:05:23,960 if you throw out COVID, worst day in a decade. 108 00:05:25,040 --> 00:05:28,280 And then this morning it looked like we were starting to 109 00:05:28,280 --> 00:05:29,560 rebound. When I woke up, Bitcoin was 110 00:05:29,560 --> 00:05:33,160 84,700. Looked like we were all set up. 111 00:05:33,200 --> 00:05:37,920 First a fantastic Friday and then the news comes, China is 112 00:05:37,920 --> 00:05:41,760 going to do a full retaliation, 34% back on US goods. 113 00:05:41,760 --> 00:05:43,120 That's on top of the 20% that it has. 114 00:05:43,120 --> 00:05:48,520 So 54% tariffs live from China. So markets did not like that. 115 00:05:48,520 --> 00:05:50,080 Let's check in on where we're at. 116 00:05:50,600 --> 00:05:55,040 Yeah, it looks like the the Dow Jones down 3%, S&P is down 3 1/2 117 00:05:55,040 --> 00:05:59,760 percent, Nasdaq's down 4%. Jeez, VIX is up 25%. 118 00:05:59,760 --> 00:06:03,400 So volatility is at all time highs. 119 00:06:03,400 --> 00:06:06,840 Well, at least it feels like. Not even close. 120 00:06:07,640 --> 00:06:11,480 Sorry, volatility was like. Over 100 during like the 121 00:06:11,480 --> 00:06:13,000 financial crisis. Got it. 122 00:06:13,040 --> 00:06:14,840 OK. So not all time highs, but much 123 00:06:14,840 --> 00:06:19,040 higher than we were 10 year at 3.9%. 124 00:06:19,040 --> 00:06:23,400 So the first time we've been sub four since basically September 125 00:06:24,360 --> 00:06:27,560 of 2024. So that is down quite a bit, 126 00:06:27,560 --> 00:06:33,400 almost a full point now from peak mag 7 index down in line 127 00:06:33,400 --> 00:06:35,480 with stocks are down 3 1/2 percent here. 128 00:06:36,320 --> 00:06:40,760 So, so a lot of red out there that there's certainly a lot to 129 00:06:40,760 --> 00:06:44,600 unpack here, Sam, Maybe I'll, I'll, I'll throw it to you 130 00:06:44,600 --> 00:06:46,800 first. Manda was on yesterday. 131 00:06:46,800 --> 00:06:50,000 We, we had a, a decent conversation about the tariffs, 132 00:06:50,000 --> 00:06:53,120 what's happening, perhaps our, our thoughts and what, what, 133 00:06:53,120 --> 00:06:54,400 what, what's your high level take? 134 00:06:55,120 --> 00:06:58,560 I mean, I think if all this stuff goes through, then 135 00:06:58,680 --> 00:07:06,720 equities have a lot lower to go because I mean these, I, I think 136 00:07:06,720 --> 00:07:08,960 the, the market, right? I mean, we're like, if you look 137 00:07:08,960 --> 00:07:11,840 at like an Apple chart, like Apple has been built on 138 00:07:11,840 --> 00:07:16,080 globalization, it's been built on cheap components, built on 139 00:07:16,080 --> 00:07:19,360 cheap labor. Like that is what has built the, 140 00:07:19,440 --> 00:07:21,200 the biggest companies in America. 141 00:07:21,320 --> 00:07:25,200 And right now the, one of the ideas here is that we are going 142 00:07:25,200 --> 00:07:28,960 to like is that because of these huge wins that American 143 00:07:28,960 --> 00:07:31,280 corporates have had, American manufacturers and the 144 00:07:31,280 --> 00:07:35,320 manufacturing class has lost. And that is really the JD Vance 145 00:07:35,320 --> 00:07:37,080 philosophy that I feel was getting pushed here. 146 00:07:37,480 --> 00:07:40,680 And if we're trying to reverse that, like perhaps a huge win 147 00:07:40,680 --> 00:07:44,040 for the working class, for America, but in but a massive 148 00:07:44,040 --> 00:07:47,600 loss for the big corporates and the American stock market is the 149 00:07:47,600 --> 00:07:50,080 big corporate. So if that is the goal, I think 150 00:07:50,080 --> 00:07:53,600 there's a lot more to go down. I the question is, is that 151 00:07:53,600 --> 00:07:55,800 really the goal? How relentless are they going to 152 00:07:55,800 --> 00:07:57,200 be? I think anyone who thought that 153 00:07:57,200 --> 00:08:00,080 Xi Jinping was not going to retaliate has their head in the 154 00:08:00,080 --> 00:08:02,040 sand. I mean, the idea that China's, 155 00:08:02,200 --> 00:08:04,440 you know, Trump always says that, you know, he rules with an 156 00:08:04,440 --> 00:08:06,880 iron fist. The idea that, you know, the, 157 00:08:06,960 --> 00:08:11,800 this tariff announcement that was that, that is pretty, you 158 00:08:11,800 --> 00:08:13,720 know, just pretty aggressive towards China and other 159 00:08:13,720 --> 00:08:14,960 countries. The idea that he would just take 160 00:08:14,960 --> 00:08:17,520 it like, I mean, this is a guy who shut down his entire country 161 00:08:17,520 --> 00:08:19,280 for for three years during COVID. 162 00:08:19,280 --> 00:08:21,640 Like he's very fine with short term pain. 163 00:08:21,880 --> 00:08:24,360 So anyone who thinks that Eric Trump tweeting, you know, 164 00:08:24,680 --> 00:08:27,200 everyone should listen to my dad, like was actually going to 165 00:08:27,200 --> 00:08:31,000 move Xi Jinping is crazy that at the end of the day, I think 166 00:08:31,000 --> 00:08:33,919 these tariffs would be terrible for both sides, you know, if 167 00:08:33,919 --> 00:08:35,559 they stay so elevated with China. 168 00:08:35,840 --> 00:08:38,120 And ultimately I think you're going to get resolution. 169 00:08:38,120 --> 00:08:39,400 It's just very hard to know what's going on. 170 00:08:39,400 --> 00:08:41,840 I I just tweeted right now, like I I have a headline from 171 00:08:41,840 --> 00:08:43,840 yesterday about how Trump was open in negotiations. 172 00:08:43,840 --> 00:08:46,480 And I have a quote from Trump today about how nothing's ever 173 00:08:46,480 --> 00:08:48,320 going to change. You know, like if you, like I 174 00:08:48,320 --> 00:08:50,400 said here, Yeah, yeah. These are two quotes. 175 00:08:50,400 --> 00:08:52,800 Admittedly hard to know what to admittedly hard to know what to 176 00:08:52,800 --> 00:08:54,920 think. You know, this was a headline 177 00:08:54,920 --> 00:08:57,440 yesterday where he said it. And then if you look at the next 178 00:08:57,680 --> 00:09:01,800 image, he bows that nothing will ever chase. 179 00:09:02,000 --> 00:09:03,760 So it's very hard. It's very hard to know the 180 00:09:03,760 --> 00:09:06,800 motivation here, but I so I think there's a lot of potential 181 00:09:06,880 --> 00:09:08,360 volatility. One thing I think is most 182 00:09:08,360 --> 00:09:10,200 important though, is crypto is holding up very well. 183 00:09:10,440 --> 00:09:13,520 And my one of my, I think the two boat cases on Trump are one 184 00:09:13,600 --> 00:09:16,320 that on Trump and crypto are one that he clearly wants to buy a 185 00:09:16,320 --> 00:09:18,800 lot of crypto. You got Lutnick, you know, you 186 00:09:18,800 --> 00:09:21,240 got luminous, you got a lot of these Bitcoin Maxis kind of in 187 00:09:21,240 --> 00:09:23,640 very high-powered decision making roles and that has 188 00:09:23,640 --> 00:09:25,640 clearly played out. You know, bitcoin's still up a 189 00:09:25,640 --> 00:09:28,040 lot since he was elected. But the second thing is he's 190 00:09:28,040 --> 00:09:30,600 extremely chaotic. And I think that there is this 191 00:09:30,600 --> 00:09:32,480 theory that Bitcoin's a bit of a chaos hedge. 192 00:09:32,480 --> 00:09:34,840 It's a bit of a who knows what the fuck's going to happen with 193 00:09:34,840 --> 00:09:37,920 the US dollar hedge like it. And I, and I think you're 194 00:09:37,920 --> 00:09:40,240 starting to see hints of that in the way that Bitcoin's trading 195 00:09:40,240 --> 00:09:42,440 right now, which I which has not been true in the past. 196 00:09:42,440 --> 00:09:45,040 In the past, you know, Bitcoin's traded nothing like gold. 197 00:09:45,200 --> 00:09:48,240 So I think you're like, you know, three days does not make a 198 00:09:48,240 --> 00:09:49,160 trend. But I don't know. 199 00:09:49,160 --> 00:09:50,560 That's that's a lot of rambling, Tyler. 200 00:09:51,080 --> 00:09:53,120 Sorry to ramble. Something no, that was great. 201 00:09:53,800 --> 00:09:59,680 And I think I'm, I'm with you. This is, this is not the gold 202 00:09:59,680 --> 00:10:00,920 chart. I'll have to find the gold chart 203 00:10:00,920 --> 00:10:03,800 here in a second. Just Google price of gold, you 204 00:10:03,800 --> 00:10:10,240 get it I think. BARBAR is BAR is no just bar is 205 00:10:10,240 --> 00:10:11,320 it? That's BRK. 206 00:10:11,320 --> 00:10:13,640 That's a bar, baby. Bar stuff, yeah. 207 00:10:13,720 --> 00:10:16,320 Oh, shit, I'm, I'm sorry. This is they're granite. 208 00:10:16,320 --> 00:10:18,800 No, just. It's I'll get it here in a 209 00:10:18,800 --> 00:10:20,560 second and then I'll put it on the screen. 210 00:10:20,560 --> 00:10:24,360 I think I'm with you in that there's just so much back and 211 00:10:24,360 --> 00:10:25,840 forth. Like he's saying so many 212 00:10:25,840 --> 00:10:28,080 different things, like no negotiations. 213 00:10:28,080 --> 00:10:31,880 No, we are open to negotiations. And we're all just stuck in the 214 00:10:31,880 --> 00:10:33,600 mud. Like what if you run a business? 215 00:10:33,600 --> 00:10:34,680 Like, what are you supposed to do? 216 00:10:35,000 --> 00:10:36,640 Like if you're an investor, like, what are you supposed to 217 00:10:36,640 --> 00:10:38,880 do? And that's why I think this idea 218 00:10:38,880 --> 00:10:42,440 that I like, I think there's a lot more proof to be had if what 219 00:10:42,440 --> 00:10:44,520 I said earlier is going to happen that like for 220 00:10:44,520 --> 00:10:49,120 manufacturing to be onshored, like that's a 5 to 10 year CapEx 221 00:10:49,120 --> 00:10:52,840 commit CapEx commitment for Nike, like to say it is a better 222 00:10:52,840 --> 00:10:55,760 five year Like. So not only will Trump no 223 00:10:55,760 --> 00:10:58,360 longer, you know, in all likelihood be president in four 224 00:10:58,360 --> 00:10:59,640 years. And this is all, you know, 225 00:10:59,640 --> 00:11:01,560 executive order. So it can all get unwound 226 00:11:01,560 --> 00:11:04,520 immediately. But you know, if if you really 227 00:11:04,520 --> 00:11:07,840 wanted this to be something that that companies would make 228 00:11:07,840 --> 00:11:10,080 decisions off of, you would want it ultimately to go through 229 00:11:10,080 --> 00:11:12,560 Congress and have a little bit more state power, but it can all 230 00:11:12,560 --> 00:11:15,080 get unwound. But also, you know, the more 231 00:11:15,080 --> 00:11:18,560 that he fluctuates just like he did with Canada, you know, a 232 00:11:18,560 --> 00:11:21,600 couple a month ago where we saw he was hard on Canada and then 233 00:11:21,600 --> 00:11:23,880 he said, OK, we won't do it. We won't do it because you're 234 00:11:23,880 --> 00:11:26,440 adding a fentanyl czar like that was enough to make him change 235 00:11:26,440 --> 00:11:28,840 his mind at that point. You know, if you see that type 236 00:11:28,840 --> 00:11:30,520 of volatile, you're not like, oh, I'm going to move my 237 00:11:30,520 --> 00:11:33,800 factories from Vietnam to America because five years this 238 00:11:33,800 --> 00:11:36,960 is what you have to do. So I think there's a you know, 239 00:11:36,960 --> 00:11:39,160 there's a we got somebody here saying it. 240 00:11:39,160 --> 00:11:41,240 Biden did not unwind China tariffs Muslim. 241 00:11:41,240 --> 00:11:43,720 Yeah, I mean it that that's that's that's true. 242 00:11:43,720 --> 00:11:46,080 If these things stay on for a long time, it's a different 243 00:11:46,080 --> 00:11:47,720 story. It's just at this stage right 244 00:11:47,720 --> 00:11:49,440 now, it's very hard to know where we'll be in a week. 245 00:11:50,360 --> 00:11:52,800 Do you think there's any chance that Congress will step in? 246 00:11:53,840 --> 00:11:56,120 Because like what what he's doing is I understand and I have 247 00:11:56,120 --> 00:11:59,800 not dug in, is this is a he's basically using like certain 248 00:11:59,800 --> 00:12:05,240 emergency powers which have only been using a handful of 249 00:12:05,240 --> 00:12:08,800 situations. Yeah, I'm way outside my comfort 250 00:12:08,800 --> 00:12:11,320 zone here, but I did see some posts yesterday that like 251 00:12:11,320 --> 00:12:15,760 Congress could maybe kind of like step in on tariffs. 252 00:12:15,760 --> 00:12:19,720 I I just don't have enough expertise on the inner workings 253 00:12:19,720 --> 00:12:22,160 of of Washington to know. Sure. 254 00:12:22,720 --> 00:12:25,480 Which just adds to the volatility, right? 255 00:12:25,480 --> 00:12:28,240 It's like we still like, we don't know what Trump's real 256 00:12:28,240 --> 00:12:29,920 plans are. We don't know if Congress can 257 00:12:29,920 --> 00:12:33,720 get these effectively repealed. We've got states like California 258 00:12:34,560 --> 00:12:39,280 are asking for their own breaks. California has to be exempt from 259 00:12:39,320 --> 00:12:42,720 the retaliatory tariffs, and California's got one of the 260 00:12:42,720 --> 00:12:45,080 biggest GDPS in the world. It's like that actually is a big 261 00:12:45,080 --> 00:12:47,880 deal. Did you see that Mando meme? 262 00:12:48,960 --> 00:12:50,400 I haven't seen Mando's. Yeah. 263 00:12:50,400 --> 00:12:52,640 What did you say? It's a video, John. 264 00:12:52,640 --> 00:12:57,280 It's like California when China hits USA with reciprocal tariffs 265 00:12:57,280 --> 00:12:59,240 and it's just John Cena speaking Chinese. 266 00:13:00,200 --> 00:13:02,160 Yeah, he's. Fucking dying man like that. 267 00:13:02,680 --> 00:13:06,640 Is on one for sure, yeah. That oops, sorry, that shit was 268 00:13:06,640 --> 00:13:09,680 so funny. I don't know, guys, I think I 269 00:13:09,680 --> 00:13:13,120 think this is, you know, part of the I think the best take was 270 00:13:14,560 --> 00:13:17,240 Sam talking about agent of chaos, right, like Trump's 271 00:13:17,240 --> 00:13:19,160 chaotic. We knew chaos. 272 00:13:19,280 --> 00:13:21,880 I think we said on the show, like for months, like expect 273 00:13:21,880 --> 00:13:26,040 just masks, Max chaos and Max volatility for the beginning. 274 00:13:26,520 --> 00:13:30,520 But he's also he's he flips easily Sam like he did it with 275 00:13:30,520 --> 00:13:34,200 Canada, right, all it takes a little call little you know. 276 00:13:34,680 --> 00:13:38,480 Well, thank you, you know, and and he'll remove those like as 277 00:13:38,480 --> 00:13:40,400 fast as he just slapped in with terrorists. 278 00:13:40,440 --> 00:13:42,760 He'll keep probably removing it just as fast. 279 00:13:42,760 --> 00:13:46,240 Like for me, like I'm down bad in spot, but I'm also not like I 280 00:13:46,480 --> 00:13:47,560 think a lot of people are fearful. 281 00:13:47,560 --> 00:13:51,640 Like I'm not scared. Like I felt scared after FTXI 282 00:13:51,640 --> 00:13:57,840 was scared for my like economic situation personally, right? 283 00:13:58,200 --> 00:14:00,040 For my household, let's say. Even though I've noticed I'm 284 00:14:00,040 --> 00:14:03,160 scared for my business, but I'm not scared here, you know? 285 00:14:04,320 --> 00:14:06,440 Yeah. And I I think Bitcoin at 82,000 286 00:14:06,440 --> 00:14:09,800 like it's hard to be. Yeah, people are, you know, it's 287 00:14:09,800 --> 00:14:11,240 hard. To I mean, people aren't alts, 288 00:14:11,280 --> 00:14:12,800 right? It's like my Solana bag is down 289 00:14:12,840 --> 00:14:15,640 is horrendously and my Sonic isn't great. 290 00:14:15,640 --> 00:14:18,360 But when I see Bitcoin holding so strong and I feel like this 291 00:14:18,360 --> 00:14:19,880 is where we can build this Bitcoin narrative. 292 00:14:19,880 --> 00:14:21,560 Like, a lot of people laughed at gold last week. 293 00:14:21,560 --> 00:14:23,880 Peter Schiff notably, right? Like, Oh, gold is popping all 294 00:14:23,880 --> 00:14:26,720 time high is getting decimated. But this is where Bitcoin builds 295 00:14:26,720 --> 00:14:32,280 its narrative, I feel. I was going to say, I think it's 296 00:14:32,400 --> 00:14:34,840 an important time to pay attention to the the Bitcoin 297 00:14:34,840 --> 00:14:37,480 equities correlation and the Bitcoin gold correlations as 298 00:14:37,480 --> 00:14:38,960 well. I know you're talking about 299 00:14:38,960 --> 00:14:40,160 that. I've been following a little 300 00:14:40,160 --> 00:14:42,600 bit. I don't have new Hedge Pro, so I 301 00:14:42,600 --> 00:14:45,320 can't see like the most up to date numbers, but you can just 302 00:14:45,320 --> 00:14:48,960 start to see that correlation with equities tweaking a little 303 00:14:48,960 --> 00:14:52,680 bit here because Bitcoin has been relatively strong in the 304 00:14:52,680 --> 00:14:57,480 last, you know, couple days. So this is a a chance to create 305 00:14:57,480 --> 00:14:59,440 the narrative that I think Bitcoiners and many 306 00:14:59,440 --> 00:15:01,680 cryptocurrency enthusiasts and investors, of course, have 307 00:15:01,680 --> 00:15:03,080 championed for a really long time. 308 00:15:03,280 --> 00:15:07,400 That hasn't really ever come to fruition, at least in my 309 00:15:07,400 --> 00:15:09,000 opinion. So we'll see. 310 00:15:09,000 --> 00:15:11,480 We'll see what happens. Could be a huge college for 311 00:15:11,480 --> 00:15:14,600 Bitcoin here, right? If Bitcoin outperformed here, 312 00:15:15,320 --> 00:15:18,000 especially if some of the big corporate stocks continue to 313 00:15:18,000 --> 00:15:21,000 fall, that's a big deal and we haven't seen it, right? 314 00:15:21,000 --> 00:15:23,640 I think some of the knock on Bitcoin lately is it's been too 315 00:15:23,640 --> 00:15:27,040 correlated with the S and Pi. Think Sam, you've been, you've 316 00:15:27,040 --> 00:15:30,720 been even sharing some charts of what Bitcoin is correlated with. 317 00:15:30,720 --> 00:15:32,600 It seems like it's out. It's more correlated with what 318 00:15:32,600 --> 00:15:34,760 Tesla than it was than the NASDAQ. 319 00:15:35,200 --> 00:15:40,080 Yeah, like if you go back six months, Bitcoin has been had 0 320 00:15:40,080 --> 00:15:42,520 correlation with gold. It's been quite correlated with 321 00:15:42,520 --> 00:15:45,400 stocks and it's been even more correlated with Tesla than with 322 00:15:45,400 --> 00:15:47,360 the average than with the S&P 5 point junior NASDAQ. 323 00:15:47,440 --> 00:15:52,080 So it, I mean, it's I, I read that as like Bitcoin and Tesla 324 00:15:52,080 --> 00:15:56,720 are both trading as like, just to be blunt, like how many 325 00:15:56,720 --> 00:15:58,680 favors is the government going to do for these assets? 326 00:15:58,880 --> 00:16:01,960 Like, you know, like how much, how much is Tesla going to get 327 00:16:01,960 --> 00:16:05,080 pumped by Trump and Elon and how much, you know, Bitcoin clearly, 328 00:16:05,080 --> 00:16:06,800 like we're all just sitting here waiting for Trump to pump our 329 00:16:06,800 --> 00:16:08,600 bags. So I and I think that that's 330 00:16:08,840 --> 00:16:13,400 they've kind of just been trading as these, as these, you 331 00:16:13,440 --> 00:16:17,560 know, sort of quasi like dunk on the libs, like is Trump in 332 00:16:17,560 --> 00:16:20,320 control assets when he's feeling in control, Bitcoin and Tesla do 333 00:16:20,320 --> 00:16:22,400 well and it's like you're not sure what's going on. 334 00:16:22,400 --> 00:16:25,560 They've both done a little bit worse so that there's been more 335 00:16:25,560 --> 00:16:28,720 correlation there. But Tesla is down pretty bad 336 00:16:28,720 --> 00:16:30,320 today, right? And Bitcoin's holding in. 337 00:16:31,200 --> 00:16:33,160 It is. And the thing about Tesla is 338 00:16:33,160 --> 00:16:35,080 like this is where I still don't know, like where we're at. 339 00:16:35,080 --> 00:16:37,720 And Brooke, you said you're not fearful, and I like to hear 340 00:16:37,720 --> 00:16:40,680 that. I'm not fearful either, 341 00:16:40,680 --> 00:16:42,560 especially not for a crypto lens. 342 00:16:43,560 --> 00:16:46,440 I think from some of these stocks though, I don't know. 343 00:16:47,080 --> 00:16:50,320 I got a call I got a call from my mom this morning about her 344 00:16:50,320 --> 00:16:54,040 four O 1K, which I think might be the first time in history 345 00:16:54,040 --> 00:16:55,760 I've received a call of that nature. 346 00:16:55,760 --> 00:16:58,320 But she's my parents are both retired. 347 00:16:58,680 --> 00:17:02,960 They of course, need and depend on that type of money, you know, 348 00:17:02,960 --> 00:17:05,599 to live their lives and to, to create the lifestyle that 349 00:17:05,599 --> 00:17:07,760 they're hoping to. She's not a full panic. 350 00:17:07,760 --> 00:17:11,440 She's not super, you know, into financial stuff anyway. 351 00:17:11,440 --> 00:17:14,960 So tried to reassure her as best I could, but that was a little, 352 00:17:15,079 --> 00:17:17,520 you know, just a small anecdote that I'm sure more conversations 353 00:17:17,520 --> 00:17:21,079 like that are are happening throughout the world, 354 00:17:21,079 --> 00:17:23,720 particularly in the United States right now, about like, 355 00:17:23,720 --> 00:17:27,319 what's what's the future holding for people who really need that 356 00:17:27,319 --> 00:17:29,600 type of money to to live every single day? 357 00:17:30,560 --> 00:17:32,040 And they are. That's not even to have the 358 00:17:32,040 --> 00:17:35,120 conversation about the potential price impacts at the consumer 359 00:17:35,120 --> 00:17:38,640 level for people that aren't retirees and what may come 360 00:17:38,640 --> 00:17:39,800 there. I was just looking at a Wall 361 00:17:39,800 --> 00:17:43,000 Street Journal article headline that said something about like, 362 00:17:43,960 --> 00:17:47,680 Americans are rushing to buy TV, soy sauce and Lululemon workout 363 00:17:47,680 --> 00:17:52,040 gear to jump ahead of, you know, potential price spikes from 364 00:17:52,040 --> 00:17:53,760 tariffs and inflation. What? 365 00:17:54,360 --> 00:17:57,200 Yeah. But I mean, those are very real 366 00:17:57,200 --> 00:18:01,040 impacts as well that are yet to be seen or maybe starting to be 367 00:18:01,040 --> 00:18:04,280 seen, but people are trying to get ahead of the, well, quickly 368 00:18:04,280 --> 00:18:06,160 Eye opener for me. If you're rushing to buy 369 00:18:06,160 --> 00:18:08,240 Lululemon pants, you're not too worried about I. 370 00:18:08,240 --> 00:18:10,280 Don't think so. I don't think so. 371 00:18:10,920 --> 00:18:13,080 But there's there's knock off brands you can buy folks. 372 00:18:14,000 --> 00:18:18,000 I feel like Lulu's making healthy margins, yes, as much as 373 00:18:18,000 --> 00:18:18,920 I. Like don't be just buying. 374 00:18:18,960 --> 00:18:22,440 $80.00 T-shirts. Sam, I felt like you were going 375 00:18:22,440 --> 00:18:24,880 to jump in there. Oh, no, yeah. 376 00:18:24,960 --> 00:18:27,480 I mean, this is kind of what we were talking about earlier 377 00:18:27,480 --> 00:18:31,240 today, though, Tyler, I, I, I still don't feel like we're, 378 00:18:31,280 --> 00:18:32,600 we're treating it like it's real. 379 00:18:32,680 --> 00:18:37,320 Like if in a week, you know, the average goods you get on Amazon 380 00:18:37,320 --> 00:18:41,600 go up 30% and, and, and like, or buying a bottle of wine goes up 381 00:18:41,600 --> 00:18:46,800 30% or whatever. It is like I like, not only is 382 00:18:46,800 --> 00:18:49,120 my bag down, but shit's more expensive. 383 00:18:49,160 --> 00:18:50,960 And that money actually is all going with government. 384 00:18:51,200 --> 00:18:53,320 Like, you know, there's something about like when, when 385 00:18:53,320 --> 00:18:55,320 prices are higher, you're like, oh, I'm kind of like, you know, 386 00:18:55,360 --> 00:18:57,960 you're feeding the economy here. It's just going, it's, it's tax 387 00:18:57,960 --> 00:18:59,640 money, you know, it's going to governments, it's going, you 388 00:18:59,640 --> 00:19:02,720 know, so like, I think that I think in a week, if this all 389 00:19:02,720 --> 00:19:05,160 goes through, it's going to be interesting to see how I mean, 390 00:19:05,160 --> 00:19:08,600 and either consumers are going to pay or corporates, you know, 391 00:19:08,600 --> 00:19:10,320 are going to pay and stocks go a lot lower. 392 00:19:11,360 --> 00:19:14,400 But I think, I think right now the market is still pricing in 393 00:19:14,400 --> 00:19:17,000 that there's some resolution to be had in the next 6 days that 394 00:19:17,000 --> 00:19:21,280 this doesn't fully go through. I also, but to Logan's point, 395 00:19:21,360 --> 00:19:23,840 there's a narrative out there which I just think is dumb, 396 00:19:23,920 --> 00:19:26,120 which is like the average American doesn't care about 397 00:19:26,120 --> 00:19:27,680 stocks. This is just the elites who 398 00:19:27,680 --> 00:19:29,560 care. I'm like every caddy I've ever 399 00:19:29,560 --> 00:19:31,000 had since we're on trade and Robin Hood. 400 00:19:31,200 --> 00:19:33,200 Like I don't know who you guys are talking to, but like, yeah, 401 00:19:33,200 --> 00:19:35,840 I'm sure that there is a good chunk of people who aren't like 402 00:19:35,840 --> 00:19:38,840 Deepens, but like most people own some stocks in some way. 403 00:19:39,240 --> 00:19:41,240 They don't, they trade it, but they definitely have a four O 404 00:19:41,240 --> 00:19:43,360 1K. Yeah, they have 4 O 1K or they 405 00:19:43,360 --> 00:19:44,920 trade stocks. There's a huge movement out 406 00:19:44,920 --> 00:19:47,400 there to try to like retire, you know, to save all your money, 407 00:19:47,400 --> 00:19:50,240 get more money in the S&P 500. There's kind of this truth in 408 00:19:50,240 --> 00:19:53,680 America that stocks go up over time if you just hold like there 409 00:19:53,680 --> 00:19:56,080 are a lot of people who have stock exposure. 410 00:19:56,080 --> 00:19:59,520 So I just, I think there's kind of like the this shift to like 411 00:19:59,800 --> 00:20:01,760 the average person doesn't care. It's just the elites. 412 00:20:02,040 --> 00:20:04,600 I'm calling BS on that. I think that's cope, I think. 413 00:20:04,600 --> 00:20:06,440 There's also a lot of headlines right now, right? 414 00:20:06,440 --> 00:20:08,080 Like all these people, like Logan. 415 00:20:08,120 --> 00:20:10,000 I don't wanna assume what channel your parents watch, but 416 00:20:10,000 --> 00:20:13,560 they watch the news on TV, I'm assuming, and they see all the 417 00:20:13,560 --> 00:20:16,200 headlines. So of course, that whole, you 418 00:20:16,240 --> 00:20:18,240 know, part of the people in America are starting to get 419 00:20:18,240 --> 00:20:20,200 worried a little bit and want to go to the next. 420 00:20:20,200 --> 00:20:22,200 We got, and we got Chandler making this, this point that I'm 421 00:20:22,240 --> 00:20:24,320 calling BS on. Like, like he's saying there are 422 00:20:24,320 --> 00:20:27,160 a lot of people like, yes, there are some, but like this is a 423 00:20:27,160 --> 00:20:30,080 country that prides itself on stocks not tanking 10% in two 424 00:20:30,080 --> 00:20:33,040 days. Like and, and, and Logan's mom's 425 00:20:33,040 --> 00:20:36,000 calling my caddy's interested. Like and there are a lot of 426 00:20:36,000 --> 00:20:37,200 people who are affected by stocks. 427 00:20:37,640 --> 00:20:39,160 Going down now I'm to pivot to IBET. 428 00:20:41,160 --> 00:20:43,520 That might be the call. I listen to the local radio like 429 00:20:43,520 --> 00:20:44,640 when I'm going to pick up my cash. 430 00:20:45,640 --> 00:20:47,480 And yesterday, like they never talked about markets. 431 00:20:47,720 --> 00:20:51,800 You know, they're talking about pop culture in my place. 432 00:20:51,800 --> 00:20:55,280 So they're playing music and people like conversation. 433 00:20:55,280 --> 00:20:57,680 Yesterday they said don't, don't look at your stocks folks. 434 00:20:58,040 --> 00:20:59,400 You own stocks, don't look at them. 435 00:20:59,400 --> 00:21:03,080 So it's it's out there. I'm curious like what's the 436 00:21:03,200 --> 00:21:06,200 boots on the ground European sentiment right now? 437 00:21:06,200 --> 00:21:08,520 You were, if you want me to where you've been the last 438 00:21:08,520 --> 00:21:10,760 couple days and kind of what kind of conversations you've had 439 00:21:10,760 --> 00:21:11,360 there. I'm curious. 440 00:21:14,240 --> 00:21:16,720 I think like, well, I was I was at watches wonders right in 441 00:21:16,720 --> 00:21:18,680 Geneva for this huge like watch convention. 442 00:21:18,680 --> 00:21:20,600 It's like the biggest watch convention conference in the 443 00:21:20,600 --> 00:21:22,120 world. And I was invited by Rick 444 00:21:22,120 --> 00:21:24,080 Schmoe, which is one of the largest like watch luxury groups 445 00:21:24,080 --> 00:21:26,120 in the world, right, $120 billion company. 446 00:21:26,280 --> 00:21:28,720 And the reason why they invited me locks our CEO and Danny C 447 00:21:28,720 --> 00:21:31,320 phrase is because they kind of want to learn more about like 448 00:21:31,600 --> 00:21:34,400 how the minds of like the crypt people in crypto are for as 449 00:21:34,400 --> 00:21:37,520 consumers. But every single brand we 450 00:21:37,520 --> 00:21:40,840 visited, I had meetings with like 1214 brands in two days was 451 00:21:40,840 --> 00:21:43,600 just the one after the other. I'm talking like pleasure, I 452 00:21:43,600 --> 00:21:45,520 don't know, like Vashuron, like the biggest watch friends in the 453 00:21:45,520 --> 00:21:49,480 world, literally, they were so excited to dive into crypto and 454 00:21:49,480 --> 00:21:51,200 learn more about crypto. We had dinner with the head of 455 00:21:51,200 --> 00:21:54,520 payments at Vashuron at, at Richmond, the entire group or 456 00:21:54,520 --> 00:21:57,080 the head of all global markets, been there for 25 years. 457 00:21:57,400 --> 00:21:58,960 They were the most excited about meeting us. 458 00:21:58,960 --> 00:22:01,560 So again, but we've said that before, Tyler, institutional 459 00:22:01,880 --> 00:22:05,520 versus like crypto is such a different feeling. 460 00:22:06,520 --> 00:22:08,080 That's why I guess I'm never bearish. 461 00:22:08,560 --> 00:22:11,600 It's just because I see this wave coming like I spoke to Je 462 00:22:11,600 --> 00:22:13,800 je al Likud, like all these big brands and like, wow, like we 463 00:22:13,920 --> 00:22:16,000 want to get into crypto. It's just tough because money 464 00:22:16,000 --> 00:22:18,080 laundering laws blah, blah. We don't accept crypto yet. 465 00:22:18,080 --> 00:22:19,920 And I get it. It's tough to accept crypto at a 466 00:22:20,360 --> 00:22:24,120 that scale, but they're the most interested about the people in 467 00:22:24,120 --> 00:22:25,720 crypto. So I thought we were going to be 468 00:22:25,720 --> 00:22:28,960 greedy like, oh, it's the crypto guys, but they were all like, 469 00:22:28,960 --> 00:22:31,520 whoa, OK, let's spend time with them. 470 00:22:31,760 --> 00:22:34,560 And I sat with them for 30 minutes to an hour with every 471 00:22:34,560 --> 00:22:37,840 single one of these brands like we're doing all these big, big, 472 00:22:37,840 --> 00:22:40,320 big conglomerates. And dude, you're excited, man. 473 00:22:40,320 --> 00:22:43,480 So people like there's this, there's this thing about crypto, 474 00:22:43,480 --> 00:22:45,400 like, you know, with the head of global marketing enrichment, 475 00:22:45,400 --> 00:22:48,640 $100 billion company comes to you and wants to spend two whole 476 00:22:48,640 --> 00:22:51,280 days with you at an important conference like this. 477 00:22:51,280 --> 00:22:53,200 I don't know. To me, like this is all telling. 478 00:22:53,400 --> 00:22:56,000 They're interested by a market, They're interested by our 479 00:22:56,480 --> 00:23:00,200 network participants. And so it's tough for me to feel 480 00:23:00,200 --> 00:23:02,560 any bearish to sell prices so up. 481 00:23:02,560 --> 00:23:05,720 But I'm like Logan, I'm not looking much these days, you 482 00:23:05,720 --> 00:23:07,240 know? And when you don't look much, it 483 00:23:07,240 --> 00:23:08,720 helps. It does help. 484 00:23:08,720 --> 00:23:12,080 It helps so much. My, my, aside from the fact that 485 00:23:12,080 --> 00:23:15,800 the sun is shining way more here than it does at home, which is a 486 00:23:15,800 --> 00:23:19,600 huge benefit actually like literally not getting on my 487 00:23:19,600 --> 00:23:22,680 phone to refresh prices. Of course, I'm working in the 488 00:23:22,680 --> 00:23:26,800 industry, so I'm doing it quite a bit anyway, but it's it's a 489 00:23:26,800 --> 00:23:28,600 life hack. It really is like I don't even 490 00:23:28,600 --> 00:23:31,160 have, I don't have any of the apps on my phone right now and 491 00:23:31,200 --> 00:23:33,600 it has been, it's been beneficial during this time. 492 00:23:35,600 --> 00:23:37,880 Logan just wants to disconnect Faroka. 493 00:23:38,600 --> 00:23:40,520 I feel like they're just tired of seeing the watch king 494 00:23:41,000 --> 00:23:47,320 flipping watches as crypto Bros make you know 50K on on fartcoin 495 00:23:47,680 --> 00:23:51,560 and they want their cut of the crypto bro money. 496 00:23:52,520 --> 00:23:54,200 But no, I think it's a good sign they do. 497 00:23:54,640 --> 00:23:57,280 They want our money literally, because they know we have money. 498 00:23:57,720 --> 00:23:59,240 You know, they know it's real money too, right? 499 00:23:59,280 --> 00:24:00,880 The money's in the bank. You can't just go cash it out 500 00:24:00,880 --> 00:24:03,400 like that. So, you know, so I don't know. 501 00:24:03,440 --> 00:24:06,800 For me, I just look at signals like that, but it's just it's a 502 00:24:06,800 --> 00:24:09,240 longer cook. Yeah, 100%. 503 00:24:09,600 --> 00:24:12,000 Well and more near term cooks, there's a couple of interesting 504 00:24:12,000 --> 00:24:15,000 markets out here. So one number of rate cuts in 505 00:24:15,000 --> 00:24:18,600 2025, it's kind of a tale of two stories. 506 00:24:18,600 --> 00:24:21,000 So there's I saw right before the show there's like a 15% 507 00:24:21,000 --> 00:24:24,400 chance of a rate hike in 2025. And I think we've seen some 508 00:24:24,400 --> 00:24:30,440 major banks calling for a rate hike, yet the odds of a of four 509 00:24:30,440 --> 00:24:36,200 cuts are the highest they've ever been here, up to 18%. 510 00:24:37,520 --> 00:24:40,160 Wow. I'm just saying 8 or more is up 511 00:24:40,160 --> 00:24:44,880 to wow. That's folks I've been following 512 00:24:44,880 --> 00:24:46,360 this market. Wow. 513 00:24:46,360 --> 00:24:49,600 So I'm, I'm a little surprised to see this here live. 8200 bits 514 00:24:49,600 --> 00:24:52,680 cuts is now up to 15%. Wow. 515 00:24:53,280 --> 00:24:56,280 So some huge moves in, in this market. 516 00:24:57,600 --> 00:24:59,840 Sam, maybe I'll toss it. Dude do you have a read on this 517 00:24:59,840 --> 00:25:02,000 or is this just another total toss up that we have to just 518 00:25:02,000 --> 00:25:04,120 wait to see like how real all this is? 519 00:25:04,680 --> 00:25:07,120 It's one of those things that's so hard to say, right, because 520 00:25:07,120 --> 00:25:10,320 the, the feds, you know, their, their primary goal is to keep 521 00:25:10,320 --> 00:25:13,520 inflation around 2%. And we were just talking about 522 00:25:13,520 --> 00:25:16,920 how the price of many goods could go up 30% next week, you 523 00:25:16,920 --> 00:25:18,720 know, but that's like a self-inflicted wound. 524 00:25:18,720 --> 00:25:22,280 That's not, this is not like market dynamics causing it. 525 00:25:22,280 --> 00:25:25,840 So you know, it's going to be, I think it's, we're clearly going 526 00:25:25,840 --> 00:25:29,800 into what like an inflationary period, but it's a bit of an 527 00:25:29,800 --> 00:25:32,760 artificial inflation, you know. So do you use rate? 528 00:25:32,960 --> 00:25:35,640 Do you, do you hike or cut rates to fight that? 529 00:25:37,000 --> 00:25:39,520 Like I, I, I just don't know, you know, so they're, they're 530 00:25:39,520 --> 00:25:42,280 basically here saying that growth is about to torpedo 531 00:25:42,480 --> 00:25:46,760 downward and, you know, inflation's going to be high. 532 00:25:46,920 --> 00:25:49,160 And what do you do in that environment on the rates front, 533 00:25:49,160 --> 00:25:53,800 especially given that the cause of the inflation is tariffs as 534 00:25:53,800 --> 00:25:57,800 opposed to lose money? You know, so it's a very, and I 535 00:25:57,800 --> 00:26:00,800 think that's it's probably rare that you're going to get 536 00:26:00,800 --> 00:26:03,400 polymarkets so all over the place when it comes to 537 00:26:03,400 --> 00:26:05,360 predictions. And it's probably because this 538 00:26:05,360 --> 00:26:10,120 is like an extremely kind of almost unprecedented set of 539 00:26:10,120 --> 00:26:13,480 circumstances that that we have here. 540 00:26:14,360 --> 00:26:16,200 Absolutely. I mean, Peter James, the 541 00:26:16,200 --> 00:26:19,480 piercing volatility has never been more real. 24 percent 542 00:26:19,480 --> 00:26:22,960 chance of an emergency rate cut in 2025. 543 00:26:22,960 --> 00:26:26,720 Now that's up from 14% just yesterday. 544 00:26:27,480 --> 00:26:30,280 I want to man how? Many, I mean, and that's 545 00:26:30,320 --> 00:26:32,800 basically just saying like I that was what you said about the 546 00:26:32,800 --> 00:26:35,200 moon overload, overload. I mean, I think like if you get 547 00:26:35,200 --> 00:26:41,560 some world where like the 30% price hikes or 20 happen across 548 00:26:41,560 --> 00:26:44,960 the board, like maybe that's what we have because emergency 549 00:26:44,960 --> 00:26:48,840 rate cuts basically say we can't wait a month, we need to do this 550 00:26:48,840 --> 00:26:51,960 immediately because things have suddenly got so bad and we 551 00:26:51,960 --> 00:26:56,160 didn't foresee it coming like so that is a very, it is like a 552 00:26:56,160 --> 00:26:59,160 very acute kind of thing that would cause an emergency rate 553 00:26:59,160 --> 00:27:02,560 cut. Yes, which feels on the table 554 00:27:02,560 --> 00:27:04,760 like so many outcomes feel like they're on the table. 555 00:27:04,760 --> 00:27:09,800 The other one is the recession odds now up to 56%. 556 00:27:10,800 --> 00:27:17,840 So back on March 27th, these are 33, so substantial increase 557 00:27:17,920 --> 00:27:21,640 here. The definition of folks aren't 558 00:27:22,160 --> 00:27:26,200 familiar. There's two basically if this 559 00:27:26,200 --> 00:27:28,280 National Bureau publicly announces a recession. 560 00:27:28,280 --> 00:27:30,200 So that's a little bit more wishy washy, right? 561 00:27:30,200 --> 00:27:32,760 Because we can, it comes down to more torque, a bit more and we 562 00:27:32,760 --> 00:27:36,360 can see governments perhaps you know use different types of 563 00:27:36,360 --> 00:27:39,320 language. But the number 2 here is more 564 00:27:39,320 --> 00:27:42,280 metric based. And so seasonal adjusted 565 00:27:42,720 --> 00:27:47,120 annualized percentage change in quarterly US real GDP, if that's 566 00:27:47,120 --> 00:27:50,360 negative for two straight quarters that meets the 567 00:27:50,360 --> 00:27:53,880 definition of recession. So I'm pretty sure that we know 568 00:27:53,880 --> 00:27:56,560 Q1 was net negative. I think I've seen the Atlanta 569 00:27:56,560 --> 00:28:00,880 GDP numbers, they're somewhere between -2 1/2% to -3.7%. 570 00:28:01,440 --> 00:28:02,680 Same. I'm not sure if you've been 571 00:28:02,680 --> 00:28:06,960 dialed into that much at all. So to me, the bet here is like, 572 00:28:06,960 --> 00:28:11,600 do you think if Q2 is worse than Q1, this is like a lock? 573 00:28:11,600 --> 00:28:13,720 I mean, like what? What have you looked at this 574 00:28:13,720 --> 00:28:16,840 market and do you have broader thoughts on like recession here? 575 00:28:17,200 --> 00:28:21,000 I haven't like I don't, I, I don't spend, I feel like US 576 00:28:21,120 --> 00:28:24,320 recession is so definition prone like this type of thing, like 577 00:28:24,320 --> 00:28:27,720 what you know, and I feel like it, it like it's like if growth 578 00:28:27,720 --> 00:28:31,720 is .1% versus -.1%, like there's just a difference of 20 basis 579 00:28:31,720 --> 00:28:33,600 points, but we freak the fuck out because of that. 580 00:28:33,600 --> 00:28:36,000 Like that term. It just feels like kind of a 581 00:28:36,000 --> 00:28:42,320 media contrived, like kind of like over hyping of the #0 but 582 00:28:42,600 --> 00:28:44,840 maybe that's a bad take. But yeah, I wouldn't say this is 583 00:28:44,840 --> 00:28:48,080 something I like the this specific stat as far as like 584 00:28:48,160 --> 00:28:51,080 annual GDP growth is one that I'm like hyper dialed into right 585 00:28:51,080 --> 00:28:55,240 now. But yeah, I mean, if again, it 586 00:28:55,240 --> 00:28:57,880 all to me, a lot of it just comes back to this idea of like, 587 00:28:57,920 --> 00:29:00,840 what, like are we, is this all actually going to go through? 588 00:29:00,840 --> 00:29:02,920 Like have you looked at the chart that looks like America's 589 00:29:02,920 --> 00:29:04,880 historic average tariff? I'm not sure if you brought that 590 00:29:04,880 --> 00:29:11,240 up, but like, it shows, it shows just how insane of an outlier 591 00:29:11,320 --> 00:29:14,840 you know, this, the moment we're in is if everything doesn't 592 00:29:14,840 --> 00:29:16,880 change, I'll I'll get it and send it to you. 593 00:29:16,880 --> 00:29:19,440 Yeah. Pull it out that, that is a very 594 00:29:19,440 --> 00:29:22,240 interesting one. I'm trying to find it. 595 00:29:22,400 --> 00:29:25,960 So basically I think it's just I've got 1 here from Geiger 596 00:29:25,960 --> 00:29:30,280 Capital. Always a incredibly reliable 597 00:29:30,280 --> 00:29:31,960 source, but I think the chart is accurate. 598 00:29:33,760 --> 00:29:37,040 Overall weighted average tariff is 29%, highest in over 100 599 00:29:37,040 --> 00:29:40,440 years. And just like to show you where 600 00:29:40,440 --> 00:29:43,240 we were at, like it's just like it's off. 601 00:29:43,280 --> 00:29:47,440 It's like almost literally off the charts so. 602 00:29:47,440 --> 00:29:48,800 Yeah. I mean, yeah. 603 00:29:48,800 --> 00:29:52,800 So, so it's like, how do you like, how do you even think 604 00:29:52,800 --> 00:29:55,040 about these things? Like what's going to happen once 605 00:29:55,040 --> 00:29:58,200 that happens? Like it's, and especially as I 606 00:29:58,200 --> 00:30:00,840 said, is it gonna happen? Like are we gonna come to some 607 00:30:00,840 --> 00:30:02,920 deals over the next six days so that it doesn't happen? 608 00:30:02,920 --> 00:30:05,080 Like, yeah, it's hard to. Predict, we're all just working 609 00:30:05,080 --> 00:30:06,160 through our thoughts on the timeline. 610 00:30:06,160 --> 00:30:08,840 I appreciate your comments. Earlier, I think some folks were 611 00:30:08,840 --> 00:30:12,080 replying. Now crypto Twitter is all tariff 612 00:30:12,080 --> 00:30:14,440 experts. We're all just trying to work 613 00:30:14,440 --> 00:30:17,080 through this in real. Time you got to be, I mean, it's 614 00:30:17,080 --> 00:30:19,760 like, you know, you can sit around saying like doge versus 615 00:30:19,760 --> 00:30:25,640 SHEB versus fartcoin, you know, versus AIXBT versus Cerebro or 616 00:30:25,640 --> 00:30:28,520 whatever, whatever they're all called, and we can spend all our 617 00:30:28,520 --> 00:30:31,000 time freaking out over the money you can make. 618 00:30:31,280 --> 00:30:34,840 But if you miss these types of moves, like these, make those 619 00:30:34,840 --> 00:30:37,320 moves look irrelevant. Like macro is what determines 620 00:30:37,320 --> 00:30:39,200 things. So you got to just test your 621 00:30:39,200 --> 00:30:41,560 luck at trying to form opinions on this stuff. 622 00:30:41,560 --> 00:30:43,760 And if you're forming opinions, post them like that. 623 00:30:43,760 --> 00:30:46,560 I think that's like a great way to, to, to test your opinions 624 00:30:46,560 --> 00:30:49,840 and to get feedback and to, you know, it's NFT. 625 00:30:49,840 --> 00:30:52,920 God's a pretty controversial person and, you know, I think I, 626 00:30:53,240 --> 00:30:55,640 I, I have a love hate relationship with his content, 627 00:30:55,640 --> 00:30:57,440 but he always says this, he's like, research something and 628 00:30:57,440 --> 00:30:59,160 post it. And I think like you should be 629 00:30:59,160 --> 00:31:01,200 doing that about macro. It's it's the most important 630 00:31:01,200 --> 00:31:04,960 thing for your bag. I'm totally with you. 631 00:31:05,400 --> 00:31:08,560 That's what Twitter's for. So I woke up a little bit. 632 00:31:08,840 --> 00:31:11,840 Yeah. What are we buying? 633 00:31:11,960 --> 00:31:14,720 Are we buying anything far coin? Bro every day. 634 00:31:15,280 --> 00:31:18,800 I know you're a shopper right now, so we we've got. 635 00:31:18,800 --> 00:31:23,240 Every time far coin dips 20% I'm buying it and then just sell it 636 00:31:23,240 --> 00:31:27,600 every time it rips and just repeat until I mean last night I 637 00:31:27,600 --> 00:31:30,160 I texted the chat I was like far coin is looking good at 380 and 638 00:31:30,160 --> 00:31:32,080 then went to 500 million this morning. 639 00:31:34,120 --> 00:31:37,200 Far coin, man, I think you could just like focus on a couple 640 00:31:37,200 --> 00:31:39,240 intraday coins and just take a break. 641 00:31:39,840 --> 00:31:41,160 I can try and catch runners though. 642 00:31:42,600 --> 00:31:46,600 I don't know, that's your stuff. It's a little wild to see if our 643 00:31:46,600 --> 00:31:51,600 coin up 25% on a day where global markets are panicking. 644 00:31:53,200 --> 00:31:54,040 What do you think? Is that what? 645 00:31:54,040 --> 00:31:57,440 Makes it funnier. What drives 25% moves in far 646 00:31:57,440 --> 00:31:59,120 coin? Like is, are are there insiders 647 00:31:59,120 --> 00:32:01,200 buying? Is it like, yeah, basically 648 00:32:01,320 --> 00:32:03,280 these types of moves? Is it really low supply? 649 00:32:03,280 --> 00:32:06,000 Like these are just, these are crazy moves and I find normally 650 00:32:06,000 --> 00:32:07,400 there's some sort of thing going on. 651 00:32:08,160 --> 00:32:16,920 Hot air rises 3 words. I, I think the reality is 652 00:32:16,920 --> 00:32:18,800 there's $4 million in liquidity pool. 653 00:32:19,480 --> 00:32:24,000 So it doesn't take a whole lot of net, net capital to to move 654 00:32:24,000 --> 00:32:28,880 these things. And I mean, I, I shared the 655 00:32:28,880 --> 00:32:31,440 chart. I mean, dip Wheeler like he's 656 00:32:31,480 --> 00:32:36,320 the meme God that he is. He posted just keeps going up 657 00:32:36,320 --> 00:32:39,600 like people are. I don't know if it's the 658 00:32:39,600 --> 00:32:42,600 financial nihilists out there like they want to get gambling 659 00:32:42,600 --> 00:32:45,960 their way out is the only chance that they see or just the lack 660 00:32:45,960 --> 00:32:47,920 of like there's nothing else going on in the market. 661 00:32:48,480 --> 00:32:53,400 There's one seemingly consensus meme coin there, and that is Far 662 00:32:53,400 --> 00:32:55,480 coin. People keep buying it like that. 663 00:32:55,480 --> 00:33:00,120 That is my anecdotal read. Now, what's driving day-to-day 664 00:33:00,120 --> 00:33:04,080 25% candles? It's probably a group of whales, 665 00:33:04,440 --> 00:33:07,000 you know, maybe playing some whale games. 666 00:33:07,640 --> 00:33:13,160 But the fact that it's held this high and that's the broader 667 00:33:13,160 --> 00:33:17,520 market crash, I think is a sign of optimism for the the far coin 668 00:33:17,520 --> 00:33:22,120 cohort out there. And every day it holds over 400 669 00:33:22,120 --> 00:33:25,320 million, I think the Army gets a little bit stronger and a little 670 00:33:25,320 --> 00:33:26,680 bit more confident. So. 671 00:33:26,840 --> 00:33:28,880 And that's a mistake as a holder. 672 00:33:29,120 --> 00:33:32,080 Sorry, I was just going to say I think the narrative is really 673 00:33:32,080 --> 00:33:35,920 malleable for Far Coin as well. You get into this space for 674 00:33:35,920 --> 00:33:39,000 like, everybody feels like everything is complete bullshit. 675 00:33:39,000 --> 00:33:41,120 Everything's made-up. Everything Trump's doing is just 676 00:33:41,120 --> 00:33:44,400 like random and off the cuff. And you get back to like, all 677 00:33:44,400 --> 00:33:46,280 right, all right, well, F it. I'm just going to buy something 678 00:33:46,280 --> 00:33:50,160 called Far Coin because like whatever, you know, like that 679 00:33:50,160 --> 00:33:52,560 narrative has been attached to it to some degree for the entire 680 00:33:52,560 --> 00:33:53,960 time. Of course, it started with the 681 00:33:54,160 --> 00:33:58,160 AI attachment, it's adjacency to, you know, to go and things 682 00:33:58,160 --> 00:33:59,960 like that. But I just think the the 683 00:33:59,960 --> 00:34:04,400 narrative here is so is so malleable that that could that 684 00:34:04,400 --> 00:34:08,400 could be a little strong catalyst, you know, for the 685 00:34:08,400 --> 00:34:12,280 foreseeable future. And there's, I mean, I tweeted 686 00:34:12,280 --> 00:34:15,679 this out before the show. People are playing this game. 687 00:34:16,480 --> 00:34:17,920 People are playing the meme coin game right now. 688 00:34:20,239 --> 00:34:23,480 There's volume. Abstract has crazy runners. 689 00:34:23,480 --> 00:34:26,159 I'm in none of them, but I'm just seeing people cook on 690 00:34:26,159 --> 00:34:30,639 there. This tip coin is now was up 70% 691 00:34:30,639 --> 00:34:33,440 of the day. It's a 34 million, but coin up 692 00:34:33,440 --> 00:34:35,239 78. I've got everyone who's 693 00:34:35,239 --> 00:34:38,040 listening or watching. I'm fully conscious of how 694 00:34:38,040 --> 00:34:41,600 ridiculous these these words that I'm saying are, but this is 695 00:34:41,600 --> 00:34:47,239 the state of of the market now. Tip coin is a meme coin that 696 00:34:47,239 --> 00:34:50,400 that post content that you would expect and the logo is a. 697 00:34:50,400 --> 00:34:51,320 Flip. Oh, it's great. 698 00:34:52,480 --> 00:34:55,360 That has been enough to to really rally a group behind it. 699 00:34:55,760 --> 00:34:57,560 And honestly, I would not short this thing. 700 00:34:57,800 --> 00:35:00,640 I'm not a holder. I I don't hold this, but it 701 00:35:00,640 --> 00:35:05,400 looks quite strong. And then it's got downstream 702 00:35:05,400 --> 00:35:07,840 derivatives, buck coin and then now this house coin. 703 00:35:07,840 --> 00:35:09,600 We're going to flip the housing market disclosure. 704 00:35:09,600 --> 00:35:12,840 I do hold some of that it it's. That's a good trade. 705 00:35:12,960 --> 00:35:14,360 You told us that early. You gave us. 706 00:35:14,440 --> 00:35:16,160 You gave us that one. But. 707 00:35:17,160 --> 00:35:19,560 I don't know. This aspect of the casino isn't 708 00:35:19,560 --> 00:35:21,480 shutting down. I think that that's the take 709 00:35:21,480 --> 00:35:26,200 away that that I'm saying I want to maybe talk something a little 710 00:35:26,200 --> 00:35:28,320 bit more serious. We're talking about the AI 711 00:35:28,480 --> 00:35:33,560 sector. I. 712 00:35:34,160 --> 00:35:38,640 Mean arc has gotten obliterated. Arc is now 37 million. 713 00:35:39,720 --> 00:35:42,360 So price action has been bad, but we had a really insightful 714 00:35:42,360 --> 00:35:47,200 conversation with the Wayfinder team yesterday with Kalos and 715 00:35:47,200 --> 00:35:49,240 and Adrian. They talked us through their 716 00:35:49,240 --> 00:35:53,440 agents and like I think there was a very strong and loud 717 00:35:53,440 --> 00:35:56,280 cohort people on crypto Twitter who said like this whole crypto 718 00:35:56,360 --> 00:36:02,680 AI meta is total vaporware and slot box in a lot of that, like 719 00:36:02,680 --> 00:36:05,720 in a lot of it was this is not vaporware. 720 00:36:06,280 --> 00:36:07,800 OK. If you look at these demos, if 721 00:36:07,800 --> 00:36:12,360 you start interacting with their agents Midas Autonomous Vulcan 722 00:36:12,640 --> 00:36:15,160 like Andy 8O52 has been demonstrating like what you can 723 00:36:15,160 --> 00:36:19,320 do, you can effectively vibe code whatever crypto application 724 00:36:19,320 --> 00:36:21,440 you want. You are limited by your ideas 725 00:36:22,360 --> 00:36:26,160 and their tools will help you create all the code for that. 726 00:36:26,960 --> 00:36:31,040 Minus is your is their version of your AI trading copilot. 727 00:36:32,000 --> 00:36:35,360 So no longer do you have to be the one who clicks the buttons 728 00:36:35,360 --> 00:36:39,840 to say I want to bridge 10 Solana over to ETH and swap it 729 00:36:39,840 --> 00:36:43,280 to USDC. Now you can use natural language 730 00:36:43,320 --> 00:36:45,160 and tell their AI just to do that. 731 00:36:46,280 --> 00:36:50,320 That feels to me like the type of thing that once it gets 732 00:36:50,320 --> 00:36:53,400 enough trust enough people behind, it could actually be a 733 00:36:53,400 --> 00:36:55,040 game changer. But Logan, I know you've been 734 00:36:55,040 --> 00:36:57,040 following parallel for a while. I'm curious for your reaction to 735 00:36:57,040 --> 00:36:58,640 that conversation yesterday. Yeah. 736 00:36:58,640 --> 00:37:01,760 So as a disclosure, I'm a prime casher. 737 00:37:02,200 --> 00:37:07,400 So have put some some money behind my conviction here and 738 00:37:07,520 --> 00:37:11,560 what they shared yesterday. It's I encourage everybody to go 739 00:37:11,560 --> 00:37:13,240 listen to the conversation. I don't want to try to repeat 740 00:37:13,240 --> 00:37:14,840 too much of what they said because I'm not going to say 741 00:37:14,840 --> 00:37:17,760 anywhere near as well. But it's exactly, you know, what 742 00:37:17,760 --> 00:37:21,480 you were alluding to, Tyler. It does feel like a level or two 743 00:37:21,480 --> 00:37:24,560 above a lot of the things that we saw during that AI bubble, 744 00:37:24,800 --> 00:37:28,360 which they called social agents, which I think most of us called 745 00:37:28,480 --> 00:37:33,320 AI slot bot reply guys. You can actually vibe code or 746 00:37:33,320 --> 00:37:35,600 vibe interact your way through crypto. 747 00:37:35,640 --> 00:37:38,680 And it may not seem that appealing to those of us who are 748 00:37:40,120 --> 00:37:45,600 active and have the technical acumen to make those types of 749 00:37:45,600 --> 00:37:48,440 trades, right? Like swapping Solana for USDC 750 00:37:49,040 --> 00:37:50,960 isn't difficult for us at this point in time. 751 00:37:50,960 --> 00:37:53,240 But when you think about onboarding more people to crypto 752 00:37:53,520 --> 00:37:56,200 and the technical barriers to doing so, something like this is 753 00:37:56,360 --> 00:37:59,560 potentially very, very impactful because one of the reasons that 754 00:37:59,560 --> 00:38:02,760 maybe more folks haven't participated alongside us is 755 00:38:02,760 --> 00:38:05,600 that it is difficult to do. And there are a lot of like 756 00:38:05,600 --> 00:38:08,680 crazy little nuances that you need to know in order to go from 757 00:38:08,680 --> 00:38:11,320 chain to chain to chain. So I'm, I'm really excited about 758 00:38:11,320 --> 00:38:14,400 that as a, another disclosure or like I've used Midas. 759 00:38:14,400 --> 00:38:19,960 I had it find me the best yield for USDC and just went ahead and 760 00:38:20,160 --> 00:38:22,120 you know, it's like two or three messages. 761 00:38:22,120 --> 00:38:24,080 This was early. I got early access because of, 762 00:38:24,320 --> 00:38:28,640 you know, prompt or prime cashing maybe a month ago or so. 763 00:38:28,640 --> 00:38:30,800 But it's just, it's pretty incredible. 764 00:38:30,800 --> 00:38:33,760 And like, tell it to do do things for you and it's it's 765 00:38:33,760 --> 00:38:35,400 going to do it. I mean, that's the type of world 766 00:38:35,400 --> 00:38:38,920 we want to be able to live in. And we're sort of seeing it play 767 00:38:38,920 --> 00:38:43,080 out and be manifested via this. And as you noted, yeah, you're, 768 00:38:43,120 --> 00:38:47,480 you're only limited by ideas. I think a lot of people have had 769 00:38:47,480 --> 00:38:50,440 really awesome ideas in crypto. It's difficult to implement 770 00:38:50,440 --> 00:38:53,480 them, you know, often times. Hopefully this helps us get more 771 00:38:53,480 --> 00:38:56,880 of those across the finish line. So Logan, like tell me 772 00:38:57,040 --> 00:39:00,320 specifically what did you do? Like you just do a ChatGPT 773 00:39:00,320 --> 00:39:02,000 interface you said find me the like. 774 00:39:02,000 --> 00:39:05,560 What specifically did you do? Yeah, So I had access to the 775 00:39:05,560 --> 00:39:09,480 transaction agent again, believe his name is Midas or whatever 776 00:39:09,480 --> 00:39:13,240 else they've code named it. You go in, it's very similar to 777 00:39:13,240 --> 00:39:16,360 a ChatGPT interface or any typical chat messaging app 778 00:39:16,360 --> 00:39:19,720 interface. And I knew, you know, what my 779 00:39:19,720 --> 00:39:22,800 balances were and everything. And I just asked it to find me 780 00:39:22,800 --> 00:39:27,920 the best yield for my USDC. You know, it came back with the 781 00:39:27,920 --> 00:39:31,360 the responses of, you know, here's via Ave. 782 00:39:31,400 --> 00:39:33,320 This is whatever the percentage was. 783 00:39:33,600 --> 00:39:37,560 And then I asked it to go ahead and, you know, activate that 784 00:39:37,560 --> 00:39:41,000 more or less like, you know, put my USDC to work in one of those 785 00:39:41,000 --> 00:39:44,960 pools says, OK, you confirm the transaction like you would any 786 00:39:44,960 --> 00:39:47,720 other crypto transaction, which is something Kalos was saying 787 00:39:47,720 --> 00:39:50,640 yesterday to the trust point, you know, like, how do you trust 788 00:39:50,640 --> 00:39:52,280 this? Well, in that instance, it's 789 00:39:52,280 --> 00:39:55,320 very similar to completing a transaction in any other way. 790 00:39:55,840 --> 00:39:57,840 Completed it and it's, it's still staking. 791 00:39:58,680 --> 00:40:02,120 So yeah, it's, it's on a wallet that I don't have access to at 792 00:40:02,120 --> 00:40:04,840 this point in time, but to pull up or share with you, 793 00:40:04,840 --> 00:40:09,680 unfortunately. But it was maybe 3 minutes of 794 00:40:09,680 --> 00:40:14,200 some back and forth like it finding the, you know, the rates 795 00:40:14,200 --> 00:40:17,040 for me, me deciding which one I'd want to take advantage of, 796 00:40:17,040 --> 00:40:18,960 then telling it and then it go ahead and. 797 00:40:19,400 --> 00:40:23,320 And making the move for me, that's, that's pretty awesome. 798 00:40:23,520 --> 00:40:27,440 What I pulled from it too, is that the way it works, I'll 799 00:40:27,440 --> 00:40:29,240 admit here I have not used it and I need to. 800 00:40:29,440 --> 00:40:32,480 Is it basically like you asked it to do something and it shows 801 00:40:32,480 --> 00:40:35,240 you the step simulations so you can see specifically what's 802 00:40:35,240 --> 00:40:37,840 good. And then if you like that, you 803 00:40:37,840 --> 00:40:40,600 can click the approve button. So that's how it it, you can 804 00:40:40,600 --> 00:40:41,880 kind of build some level of trust. 805 00:40:42,280 --> 00:40:44,120 I feel like this is big. I've been in conversations with, 806 00:40:44,120 --> 00:40:47,360 with, with Sam and he's asking like, OK, what's the best bridge 807 00:40:47,360 --> 00:40:52,360 from chain A and chain B? Well, now, like if you asked a 808 00:40:52,360 --> 00:40:54,360 question about that, like in a more real world topic, I can 809 00:40:54,360 --> 00:40:56,320 say, well, let me check GBT that for you. 810 00:40:56,320 --> 00:41:00,200 Now you can say, let me, let me Midas that for you or soon you 811 00:41:00,200 --> 00:41:03,400 just go directly to Midas and then you ask these questions. 812 00:41:03,600 --> 00:41:06,320 Then maybe early on you Fact Check it with your, with your 813 00:41:06,320 --> 00:41:08,480 sharp bodies to see is this actually right? 814 00:41:09,120 --> 00:41:15,080 But then once it is right 3 * 5 * 10 times, then you start using 815 00:41:15,080 --> 00:41:18,040 it for more things. So I, I think it's a big deal. 816 00:41:19,800 --> 00:41:22,040 It's going to be a fun one to to follow. 817 00:41:22,120 --> 00:41:25,280 And folks, if you if you're not following their tge is sometime 818 00:41:25,280 --> 00:41:27,680 in the next two weeks, maybe even one week. 819 00:41:28,920 --> 00:41:30,440 They said first couple weeks of April. 820 00:41:30,440 --> 00:41:32,960 So that's going to be a big one to watch. 821 00:41:34,040 --> 00:41:35,480 Let's talk about parks a little bit. 822 00:41:35,480 --> 00:41:36,920 We've got 10 minutes left in the show. 823 00:41:36,920 --> 00:41:40,120 I guess quick for those who are interested in the roll bit spins 824 00:41:40,120 --> 00:41:42,680 later on the show here in just a few minutes. 825 00:41:42,680 --> 00:41:46,760 Stocks is the code. Stocks is today's code. 826 00:41:47,080 --> 00:41:50,960 We will be doing those spins here in just a few minutes. 827 00:41:51,440 --> 00:41:58,240 Punk floor holding up OK 41.6 ETH the unless one just sold. 828 00:41:58,520 --> 00:42:02,280 You're up and ETH. We're down a bit in the big the 829 00:42:02,280 --> 00:42:04,800 Punk Bitcoin spread. But you're up and ETH now. 830 00:42:05,000 --> 00:42:09,240 We're up 6%, we're down 6%. Rather a couple nice sales. 831 00:42:09,240 --> 00:42:13,480 We saw this nice 3D ladies sell for 69.69. 832 00:42:14,120 --> 00:42:17,840 That was a nice one to see. But then this is the one that 833 00:42:17,840 --> 00:42:22,760 jumps out to me. Crypto Punk 392, that slick gold 834 00:42:22,760 --> 00:42:24,400 chain. Jay-Z. 835 00:42:25,040 --> 00:42:27,440 Has only been. You're muted. 836 00:42:27,440 --> 00:42:28,880 You're muted. It's only been sold. 837 00:42:29,240 --> 00:42:33,120 Don't you see me in this punk? Yeah, dude, that's my name. 838 00:42:33,120 --> 00:42:34,920 Gold Chain. It's This is me. 839 00:42:35,280 --> 00:42:37,160 When Mohawk. When Mohawk. 840 00:42:37,600 --> 00:42:41,640 I don't I think like my balding maybe just a Mohawk is probably 841 00:42:41,640 --> 00:42:44,080 the way if this was a 20. One bull run. 842 00:42:44,360 --> 00:42:47,160 If this was a 2021 bull run, this would be digital blackface 843 00:42:47,160 --> 00:42:51,880 or you get cancelled for it. It's 20. 844 00:42:52,320 --> 00:42:54,400 Five, I didn't realize you bought that until I saw a new 845 00:42:54,400 --> 00:42:59,920 PFP on Telegram. Yeah, yeah, I, I, I like this 846 00:42:59,920 --> 00:43:02,080 punk. And you know, I, I, I think 847 00:43:02,280 --> 00:43:04,040 I've, I've got a white skinned male. 848 00:43:04,040 --> 00:43:06,600 I got a white skinned female. I was like, let's let's mix it 849 00:43:06,600 --> 00:43:08,640 up, get some cultural diversity in my punk collection. 850 00:43:09,600 --> 00:43:11,680 I'm a fan. It's quite the collection. 3 851 00:43:11,680 --> 00:43:14,920 punks now. I know they're all down bad. 852 00:43:14,920 --> 00:43:19,800 So I'm like, you know how like I actually got into crypto because 853 00:43:19,800 --> 00:43:22,160 of punks. Like I think everyone's got 854 00:43:22,160 --> 00:43:24,680 their crypto asset that they feel the most connection to. 855 00:43:24,680 --> 00:43:27,280 And for me, it's punks. And. 856 00:43:27,600 --> 00:43:29,360 Normally I want to sell my punks. 857 00:43:29,360 --> 00:43:30,720 I'm like, why am I in this liquid stuff? 858 00:43:30,720 --> 00:43:34,160 But then a week ago I was kind of like, I kind of like that 859 00:43:34,160 --> 00:43:36,840 punk and it looks kind of like Jay-Z and it's a good compliment 860 00:43:36,840 --> 00:43:39,160 to my collection. Then you just spend a week being 861 00:43:39,160 --> 00:43:44,280 like am I going to buy this? And then one morning you just 862 00:43:44,280 --> 00:43:45,960 push confirm you're like what the fuck did I just do? 863 00:43:47,040 --> 00:43:49,640 Y'all know the feeling? Yes. 864 00:43:50,200 --> 00:43:52,480 I'd say I. Bought it more as a collector 865 00:43:52,760 --> 00:43:54,760 than like as a collector I'd say. 866 00:43:54,760 --> 00:43:57,360 If I had to like tie it to some macro trend going on out there, 867 00:43:57,360 --> 00:44:03,040 I'd say I think that like my ETH is kind of pretty idle and my 868 00:44:03,040 --> 00:44:06,280 crypto bag I keep in crypto, you know, and, and my bitcoins 869 00:44:06,280 --> 00:44:08,440 bigger than my E. If I have this ETH sitting 870 00:44:08,440 --> 00:44:10,000 there, I feel like it's going down every day. 871 00:44:10,000 --> 00:44:12,160 And I was like, you know what, fuck it, like let's just put it 872 00:44:12,160 --> 00:44:15,320 into a punk that actually like so it was, it was a bit I would 873 00:44:15,320 --> 00:44:19,120 not say that I would read this as a smart money move. 874 00:44:19,160 --> 00:44:21,440 It was just like more of a collector, more like I kind of 875 00:44:21,440 --> 00:44:23,320 like that punk. It'd be a nice addition to my 876 00:44:23,320 --> 00:44:25,600 collection. And once you decide you might 877 00:44:25,600 --> 00:44:28,880 want to buy 1, you can convince yourself of all sorts of reasons 878 00:44:28,880 --> 00:44:31,720 to buy. It's not among the reasons I 879 00:44:31,720 --> 00:44:35,440 convinced myself I have 3 kids. Now I need 3 punks, one for each 880 00:44:35,440 --> 00:44:36,720 of them like. Just stupid. 881 00:44:37,120 --> 00:44:39,840 Hey, dude, Absolutely. It'll get passed on, you know 882 00:44:39,840 --> 00:44:41,600 you don't. What is it that you you, you 883 00:44:41,600 --> 00:44:43,680 pass on next generation? You know, that's it. 884 00:44:43,720 --> 00:44:46,320 Yeah, exactly. I can't just give each of my two 885 00:44:46,320 --> 00:44:47,440 of my kids a punk. No. 886 00:44:48,280 --> 00:44:51,120 You never actually own a punk, you merely look after it for the 887 00:44:51,120 --> 00:44:53,880 next generation. Exactly the second. 888 00:44:53,960 --> 00:44:56,160 But. Yeah, like Cyrus pinged me 889 00:44:56,160 --> 00:44:57,040 though. He's like he's like, hey, why, 890 00:44:57,120 --> 00:44:59,080 why'd you buy a punk? I was like, because I'm an 891 00:44:59,080 --> 00:45:01,760 idiot. Like I I like I again, I I love 892 00:45:01,760 --> 00:45:03,320 punks. Also, I will say this. 893 00:45:03,560 --> 00:45:06,960 My only two punks are punk 9 O 59, which is my I, which is my 894 00:45:06,960 --> 00:45:10,360 handle and my PFP. So it it like I feel like I can 895 00:45:10,360 --> 00:45:13,200 never ever trade those. Yeah, I forget rally. 896 00:45:13,200 --> 00:45:15,200 Maybe I can. This one is a bit more kind of 897 00:45:15,200 --> 00:45:16,800 transferable, but I'm just I'm trying to like it. 898 00:45:17,480 --> 00:45:19,160 Yeah, well, I certainly understand that. 899 00:45:19,160 --> 00:45:20,920 I'm I'm showing Jay ZS Twitter page because I think there's 900 00:45:20,920 --> 00:45:24,680 some folks who have joined the space since 2021 who may not 901 00:45:24,680 --> 00:45:27,960 know. Dude like Mr. Carter like the 902 00:45:27,960 --> 00:45:32,400 Jay-Z punk Yep, basically that your your your cousin here so. 903 00:45:33,720 --> 00:45:35,960 There used to be rumors about those chain punks. 904 00:45:36,520 --> 00:45:40,200 There was rumors about those chain punks 2021, how Jay-Z 905 00:45:40,200 --> 00:45:43,520 would throw special events for chain punks and then you could 906 00:45:43,520 --> 00:45:46,680 go and then the punks. Chain punks ripped for the 907 00:45:46,680 --> 00:45:48,960 highest time at the most insane floor like hoodie punks. 908 00:45:49,520 --> 00:45:52,080 There's only 100. Percent If you believe that 909 00:45:52,080 --> 00:45:53,520 broke, I got a moon bird to sell you. 910 00:45:54,160 --> 00:45:56,400 I I I never believed that. That's why I don't own one. 911 00:45:57,920 --> 00:46:02,560 Oh, today I learned the women gold chain is horizontal and 912 00:46:02,560 --> 00:46:03,480 not. That yes, Sir. 913 00:46:04,320 --> 00:46:06,360 Same with silver, it's not a good trait. 914 00:46:07,040 --> 00:46:10,640 I really don't like those Joker look like it just it does not 915 00:46:10,640 --> 00:46:13,040 like it to me. The Hidden Gold Chain's 916 00:46:13,080 --> 00:46:14,400 favorite. This is a sick 1. 917 00:46:14,640 --> 00:46:16,560 Yeah, the hidden Gold Chain's gangster's fuck. 918 00:46:17,480 --> 00:46:21,040 Yeah, it's crazy the idea that that single pixel adds like, you 919 00:46:21,040 --> 00:46:25,120 know, 10 grand to the. Price probably more 30 to 40. 920 00:46:25,120 --> 00:46:26,440 More. I just like to keep it muted, 921 00:46:26,440 --> 00:46:28,320 yeah. I I just need these punks to go 922 00:46:28,320 --> 00:46:30,520 a little lower. Like I want more but I don't 923 00:46:30,520 --> 00:46:34,080 like the floor as much so I don't know. 924 00:46:34,480 --> 00:46:36,600 They're holding nice though. You said you bought it as a 925 00:46:36,600 --> 00:46:39,240 collectible, but do you have a take on punks versus Bitcoin 926 00:46:39,680 --> 00:46:40,920 over the next? 6. 927 00:46:41,000 --> 00:46:41,880 Months. Nine months. 928 00:46:43,120 --> 00:46:46,880 I, I, I really like punks, man. I just like, I like punks and I 929 00:46:46,880 --> 00:46:48,160 like Bitcoin. I like both of them. 930 00:46:48,160 --> 00:46:51,680 Like, I, I think I always say like in crypto assets are like 931 00:46:51,680 --> 00:46:53,200 wine. You want all the, you want to 932 00:46:53,200 --> 00:46:55,840 own the old stuff, you know, the stuff that's surviving the test 933 00:46:55,840 --> 00:46:58,160 of time, I think is like the best stuff to own. 934 00:46:58,520 --> 00:47:03,480 And but yeah, I mean, ETH is very fragile right now and punks 935 00:47:03,480 --> 00:47:08,880 are denominated in ETH. So it's it is hard to like want 936 00:47:08,880 --> 00:47:12,040 to dump too much into it. I'd say I don't if if I didn't 937 00:47:12,040 --> 00:47:15,520 have Ethan a wallet and it was like use another currency to 938 00:47:15,520 --> 00:47:16,720 buy, I'm not even sure I would have. 939 00:47:17,040 --> 00:47:19,040 I was just like sick of having this wallet with ETH doing 940 00:47:19,040 --> 00:47:20,520 nothing. So I was like, I'll just buy a 941 00:47:20,520 --> 00:47:21,320 punk with it. But. 942 00:47:21,320 --> 00:47:24,400 Yeah, it sort of goes no use. I have a question because I'm 943 00:47:24,400 --> 00:47:28,480 with Danny and today he asked me he was like if ETH goes to 0 the 944 00:47:28,480 --> 00:47:31,920 pumps go to 0. I'll buy a ton of them. 945 00:47:33,240 --> 00:47:35,360 At zero I'll. Buy a ton of 0. 946 00:47:35,880 --> 00:47:40,000 We didn't get to claim them. So I'll buy 100, if he goes to 947 00:47:40,000 --> 00:47:41,600 100 I'll just buy a ton of punks like. 948 00:47:41,600 --> 00:47:44,480 So what's up with the punk claimer Wilcox legend? 949 00:47:45,200 --> 00:47:48,560 I mean, legendary criminal now, I guess, but or not. 950 00:47:48,800 --> 00:47:51,600 But there's this punk claimer Wilcox who's like a legend in 951 00:47:51,600 --> 00:47:54,880 the streets of crypto punks. And he came what, $10 million 952 00:47:54,880 --> 00:47:58,680 short of his tax bill and now he's got the IRS on his ass. 953 00:47:58,680 --> 00:48:01,720 So this Wilcox guy is a top ten holder of punks. 954 00:48:01,720 --> 00:48:04,560 He still have 100 of them. Do you think so? 955 00:48:04,560 --> 00:48:08,920 Is the IRS about to seize punks and and does that mean that 956 00:48:08,920 --> 00:48:13,160 punks will be in the reserve? I don't think so. 957 00:48:13,440 --> 00:48:16,160 I I did, I don't think they would take the punks. 958 00:48:16,800 --> 00:48:18,760 Punks feel like a very unattractive asset for 959 00:48:18,760 --> 00:48:20,680 government to own. So what's the story here? 960 00:48:20,760 --> 00:48:22,160 Like, what's the what's the story? 961 00:48:22,160 --> 00:48:25,200 Just read that. My guess is he I mean he claimed 962 00:48:25,200 --> 00:48:27,040 tons of punks. He he sold a lot. 963 00:48:27,240 --> 00:48:29,840 He's a legendary punk collector. Like, yeah, he. 964 00:48:30,560 --> 00:48:33,840 Claimed tons. He sold them over time and my 965 00:48:33,840 --> 00:48:37,960 guess is he didn't declare taxes and it was public enough that he 966 00:48:37,960 --> 00:48:41,240 got caught. And this is what this is 967 00:48:41,240 --> 00:48:44,280 alleged, I mean, but this is from folks the IRS website. 968 00:48:44,280 --> 00:48:47,000 So this is beyond just like a a news. 969 00:48:47,040 --> 00:48:49,000 Yeah, I'm not making this shit up like this is like. 970 00:48:49,560 --> 00:48:54,160 So underreported as income from 2021 by 8 and a half million and 971 00:48:54,160 --> 00:48:59,960 then again next year by 4.6 million. 972 00:49:00,120 --> 00:49:02,840 So he underest, he underreported by 13 million. 973 00:49:03,440 --> 00:49:06,520 That's a big number, folks. That's just a small decimal, 974 00:49:06,520 --> 00:49:08,960 right? I mean, basically what happened 975 00:49:08,960 --> 00:49:11,880 is he claimed these punks and he sold them, you know, over time 976 00:49:11,880 --> 00:49:15,800 and he didn't tell the IRS so. Was there an article on this? 977 00:49:15,840 --> 00:49:18,200 Like why is the IRS writing about $10 million article? 978 00:49:18,600 --> 00:49:20,840 Probably because they want to send a message to NFT olders 979 00:49:20,840 --> 00:49:23,000 that they're watching. Yeah bro, for sure. 980 00:49:23,000 --> 00:49:26,880 That's a good point. Made me say it right is 981 00:49:26,880 --> 00:49:29,600 committed to unraveling complex financial schemes involving 982 00:49:29,600 --> 00:49:32,520 virtual currencies and not a fungible talk right and this 983 00:49:32,520 --> 00:49:36,360 could I could even see like the more like that Trump is making 984 00:49:36,360 --> 00:49:39,960 crypto political to the group too right so I can actually see 985 00:49:40,720 --> 00:49:43,440 a part of you know this is becoming a little bit more of a 986 00:49:43,440 --> 00:49:45,920 political tact too from those that are still. 987 00:49:46,240 --> 00:49:48,600 My guess is this is more legacy Biden though. 988 00:49:48,600 --> 00:49:50,720 Like I don't think this. It's been under. 989 00:49:50,720 --> 00:49:51,760 It's been under way. It didn't. 990 00:49:51,760 --> 00:49:53,520 Start This has been a long process. 991 00:49:53,520 --> 00:49:55,440 Like, you don't just suddenly realize someone's thought. 992 00:49:55,440 --> 00:50:01,520 Like, yeah, it, it maybe, but for, I don't know, I, I don't 993 00:50:01,520 --> 00:50:05,680 know enough about tax evasion to know how frequent, you know, $15 994 00:50:05,680 --> 00:50:09,960 million of unreported income is. But maybe this is, maybe it's 995 00:50:09,960 --> 00:50:11,960 not that frequent. And when they get someone they 996 00:50:12,040 --> 00:50:14,680 they post it. Yeah, that's a big number. 997 00:50:16,080 --> 00:50:18,160 Pay your taxes, folks. I think the the big question 998 00:50:18,160 --> 00:50:20,240 though, is like, what is going to happen to his punks? 999 00:50:20,280 --> 00:50:22,080 Like is he going to be forced to sell these? 1000 00:50:22,400 --> 00:50:24,200 Is he not going to be able to sell because he's going to be in 1001 00:50:24,200 --> 00:50:28,120 jail for, for three years? I, I have no idea. 1002 00:50:28,120 --> 00:50:30,960 I could if these types of offenses typically come with 1003 00:50:30,960 --> 00:50:33,480 jail time or if you get you typically like negotiate, 1004 00:50:33,680 --> 00:50:37,000 negotiate it down. I would think you they would 1005 00:50:37,000 --> 00:50:42,040 rather have him just pay a big fee would be my but I like this 1006 00:50:42,040 --> 00:50:45,880 is way outside my comfort zone and hopefully we'll remain 1007 00:50:45,880 --> 00:50:48,000 outside my comfort zone for as long as I shall live. 1008 00:50:48,320 --> 00:50:51,960 Indeed, indeed. Well, that takes us to the most 1009 00:50:51,960 --> 00:50:53,520 more topics, Sam. I wanted to just check in 1010 00:50:53,520 --> 00:50:57,360 mainland anything, anything to report on what's cooking over. 1011 00:50:57,360 --> 00:51:01,840 There, I mean mainland bought a public company so you know, 2440 1012 00:51:01,840 --> 00:51:04,000 dot HK pull it up. Yeah. 1013 00:51:04,000 --> 00:51:07,240 What's up with that? Finance@yahoo.com I mean, this 1014 00:51:07,240 --> 00:51:08,800 is something that Ray wanted to do. 1015 00:51:08,800 --> 00:51:11,360 You know, he bought the public company and before even doing 1016 00:51:11,360 --> 00:51:14,160 anything, the company pumped to 100 million U.S. dollar 1017 00:51:14,160 --> 00:51:16,520 valuation just for basically the shell company. 1018 00:51:17,360 --> 00:51:20,920 And yeah, yeah, I think the he has all sorts of ideas for the 1019 00:51:20,920 --> 00:51:24,360 stuff he wants to do with the company, but that I think that 1020 00:51:24,360 --> 00:51:26,680 that is one of the more interesting things. 1021 00:51:26,680 --> 00:51:31,520 Like it's like there there's clearly it was influenced by 1022 00:51:31,520 --> 00:51:34,400 MicroStrategy. And I think the original idea 1023 00:51:34,560 --> 00:51:36,960 'cause this is something he's been cooking on for like a year. 1024 00:51:37,200 --> 00:51:40,440 The original idea was for this to be like a MicroStrategy but 1025 00:51:40,440 --> 00:51:44,640 for meme coins and you know, kind of, and it could also be a 1026 00:51:44,640 --> 00:51:46,360 long term steward for meme coins. 1027 00:51:46,360 --> 00:51:50,160 Like you go, you know, like you know that this company is going 1028 00:51:50,160 --> 00:51:51,760 to hold meme coins but not sell them. 1029 00:51:52,080 --> 00:51:54,880 So like, if you can, perhaps you could, you know, it should be a 1030 00:51:54,880 --> 00:51:58,240 great place for to park supply for coins because it's a long 1031 00:51:58,240 --> 00:52:02,840 term holder and a way for public markets to get access to to meme 1032 00:52:02,840 --> 00:52:04,480 coins. That that was one of the ideas. 1033 00:52:04,480 --> 00:52:08,160 Obviously we're not in as meme coin conducive of an environment 1034 00:52:08,160 --> 00:52:10,840 right now as we were six months ago when I when this was all 1035 00:52:10,840 --> 00:52:13,240 cooking on the idea, But there are all sorts of other kind of 1036 00:52:13,240 --> 00:52:16,320 plans for what to do with this. To me, the most important thing 1037 00:52:16,520 --> 00:52:19,560 with everything kind of meme line related is that meme coin 1038 00:52:19,560 --> 00:52:22,400 ends up being the primary stakeholder in the beneficiary. 1039 00:52:22,400 --> 00:52:24,640 So that's, you know, a little bit of a tightrope, but 1040 00:52:24,640 --> 00:52:26,400 certainly something that we're focused on. 1041 00:52:26,600 --> 00:52:28,840 There are a couple other products, I think a couple other 1042 00:52:28,920 --> 00:52:31,880 products that we're cook in that I think could be interesting 1043 00:52:31,880 --> 00:52:34,280 where I think there might be real product use case, but 1044 00:52:34,280 --> 00:52:38,400 they're still not out there in the wild or discussed probably a 1045 00:52:38,400 --> 00:52:42,120 few months out before I think you start to just to see those. 1046 00:52:42,480 --> 00:52:45,720 I'm spending a little bit time kind of working on some products 1047 00:52:45,720 --> 00:52:47,280 that we haven't really discussed publicly. 1048 00:52:47,400 --> 00:52:50,320 I'm a big fan of not discussing some of these things publicly. 1049 00:52:50,320 --> 00:52:52,120 The minute you start talking about, it becomes a little bit 1050 00:52:52,120 --> 00:52:54,160 harder to kind of get your day-to-day through. 1051 00:52:55,600 --> 00:53:00,280 So yeah, we had Meme Pay, which was a credit card product that, 1052 00:53:00,360 --> 00:53:03,000 yeah, I think it's like done some interesting things, but 1053 00:53:03,160 --> 00:53:04,760 that's become a bit of a crowded space. 1054 00:53:04,760 --> 00:53:07,520 But between Meme Strategy, Meme Pay and a couple other products 1055 00:53:07,520 --> 00:53:11,440 we're working on like the The Bunny March is on, man. 1056 00:53:12,760 --> 00:53:15,680 We, we love to hear it. This is exciting stuff, Tim, I 1057 00:53:15,680 --> 00:53:17,320 want to thank you for for joining us. 1058 00:53:17,320 --> 00:53:18,960 It's been an incredible conversation.