1 00:00:00,300 --> 00:00:04,130 Yo-yo, yo-yo. What up? 2 00:00:04,140 --> 00:00:06,030 What up? Good morning. 3 00:00:06,040 --> 00:00:08,920 Good morning, G. MG. 4 00:00:08,990 --> 00:00:21,350 Deep Monday, January 8th, 20244444. 5 00:00:22,180 --> 00:00:25,090 Look at that. Another beautiful day to have a 6 00:00:25,100 --> 00:00:30,180 beautiful day, another historical week to have 7 00:00:30,190 --> 00:00:33,610 historical week. Ladies and gentlemen, we are 8 00:00:33,620 --> 00:00:39,110 coming off hot woo from the last formal hour that occurred last 9 00:00:39,120 --> 00:00:42,870 Friday with the senior ETF analyst from Bloomberg, Eric 10 00:00:42,880 --> 00:00:46,870 Balchunas. And and I mean we are off to the 11 00:00:46,880 --> 00:00:50,160 horses. Welcome to the coin, Tucky. 12 00:00:50,170 --> 00:00:54,750 Derby's final laps, ladies and gentlemen, Which horsing it is 13 00:00:54,760 --> 00:00:57,380 gonna get through the gates first, we don't know, but we 14 00:00:57,390 --> 00:01:00,600 know that our horses are gonna go through the finish. 15 00:01:00,610 --> 00:01:01,960 Line. That's one thing. 16 00:01:02,010 --> 00:01:04,739 Not sure sure yet, you know, don't tell me that. 17 00:01:04,790 --> 00:01:10,280 But but one thing's for sure is that it's going to be a 18 00:01:10,290 --> 00:01:15,360 phenomenal week here in the land of cryptocurrency and especially 19 00:01:15,410 --> 00:01:17,820 Bitcoin. Mando, how you doing this 20 00:01:17,830 --> 00:01:21,990 morning ahead of ahead of a quite a quite a quite a fun. 21 00:01:22,000 --> 00:01:24,980 Week we have ahead of us here. Doing great. 22 00:01:24,990 --> 00:01:27,040 It's gonna be a big week. Imagine. 23 00:01:27,280 --> 00:01:30,800 Imagine a lot of volatility. Good, good. 24 00:01:30,810 --> 00:01:33,780 Time to set some low bids, set some high offers. 25 00:01:33,790 --> 00:01:36,000 Just get ready. Uh, just ready to see stuff 26 00:01:36,010 --> 00:01:37,930 move. Yeah, I mean, we'll. 27 00:01:37,940 --> 00:01:40,330 Talk about that during the market update because last night 28 00:01:40,340 --> 00:01:43,030 we saw quite some bleed out. Well, I think, I reckon you guys 29 00:01:43,040 --> 00:01:45,780 were probably asleep during that time, but it was a nice little, 30 00:01:45,790 --> 00:01:49,880 nice little nukes across all all coins and some nice little, nice 31 00:01:49,890 --> 00:01:52,240 little. Golden opportunities in the 32 00:01:52,250 --> 00:01:54,750 middle of bear market to go shopping but we're going to 33 00:01:54,760 --> 00:01:57,080 we're going to we're going to get to that today on the show 34 00:01:57,090 --> 00:02:00,760 today, today seems like he sent me the. 35 00:02:00,920 --> 00:02:04,360 The link to the our topics and stuff and then then it opened it 36 00:02:04,370 --> 00:02:10,570 cause AD is crazy up in here but mark market update as usual you 37 00:02:10,580 --> 00:02:15,510 know moves obviously another ETF filled show that we got for you 38 00:02:15,520 --> 00:02:17,180 all. On on formal hour. 39 00:02:17,190 --> 00:02:19,640 But you know it is what it is. We we are in the heart of it. 40 00:02:19,650 --> 00:02:21,980 We have to update you all of the moves day by day. 41 00:02:21,990 --> 00:02:26,860 Plus I don't understand half of these acronyms like the S123, 42 00:02:26,910 --> 00:02:30,660 the R2D2, the you know all this stuff. 43 00:02:30,670 --> 00:02:32,230 So, you know, maybe sometimes. You're going to. 44 00:02:32,310 --> 00:02:34,320 Mandolin hobby. And you know they got the answer 45 00:02:34,410 --> 00:02:36,360 answers for us. So you know, we're gonna be 46 00:02:36,370 --> 00:02:37,760 talking a whole lot of stuff about this. 47 00:02:37,770 --> 00:02:40,480 Of course, altcoins is stuck. But the nuke, you know I put a 48 00:02:40,490 --> 00:02:43,760 tweet out yesterday. Mandela, like, you know you have 49 00:02:43,770 --> 00:02:46,040 another opportunity here to catch some little bids. 50 00:02:46,050 --> 00:02:48,600 I know you just you really opened the show with that, to 51 00:02:48,610 --> 00:02:50,620 which Beanie actually replied what are you looking at? 52 00:02:50,630 --> 00:02:52,660 So you know, I answered to him. This morning I went to bed last 53 00:02:52,670 --> 00:02:55,260 night slept the whole 8 hours. Mm-hmm. 54 00:02:56,840 --> 00:02:59,720 But but you know, happy to go over this stuff today and talk 55 00:02:59,730 --> 00:03:02,320 about the alcorn market cap and the BTC stuff that Ruth Kang 56 00:03:02,330 --> 00:03:05,020 have been tweeting about a lot. Regarding dominance, seems like 57 00:03:05,030 --> 00:03:09,820 cycles are cycling indeed here Mando And of course ETF approval 58 00:03:09,830 --> 00:03:11,900 now raised to 95%. Which minds you? 59 00:03:11,990 --> 00:03:14,920 We have another banger guest on the show this week. 60 00:03:14,970 --> 00:03:19,060 Shout out to the Queen of ETF's. I mean, you've seen the Queen of 61 00:03:19,070 --> 00:03:23,460 Fox Business, Eleanor. She's coming on the show on 62 00:03:23,470 --> 00:03:26,380 Thursday so given the tests could get approved on Wednesday 63 00:03:26,390 --> 00:03:29,120 would be an insane show. The back of that shot to Eleanor 64 00:03:29,330 --> 00:03:32,740 Terret who's gonna be joining us on a Thursday morning. 65 00:03:32,750 --> 00:03:34,600 And then on Friday we have booty Wertheimer. 66 00:03:34,650 --> 00:03:37,060 So I know he, you know it seems like he's about to do some crazy 67 00:03:37,070 --> 00:03:39,380 stuff on a timeline so let's see what that is all about. 68 00:03:39,390 --> 00:03:40,570 So Bitcoin filled week for you all. 69 00:03:40,580 --> 00:03:42,240 We're gonna talk about this today as well. 70 00:03:42,390 --> 00:03:45,650 And NFT update for everyone important you know Zuki Zuki is 71 00:03:45,660 --> 00:03:47,820 hitting up ripping. Like what? 72 00:03:47,830 --> 00:03:50,610 Some dollars like ticker anime or something like that I saw on 73 00:03:50,620 --> 00:03:52,080 the timeline some some speculation over. 74 00:03:52,090 --> 00:03:56,440 There and and a lot of stuff going on a Polygon, Polygon back 75 00:03:56,450 --> 00:04:00,730 in everybody's realm. Here with Gas Hero doing $10 76 00:04:00,740 --> 00:04:04,940 million volumes top trending on Crypto slam the golden ratio by 77 00:04:04,950 --> 00:04:08,390 harto big sales on Bitcoin side Bitcoin ordinals we're talking 78 00:04:08,400 --> 00:04:12,100 10 art here so Jen are. Catching the bid on on originals 79 00:04:12,150 --> 00:04:14,470 The Boys and I may or may not have gotten wrecked on the wrong 80 00:04:14,480 --> 00:04:16,500 collection this weekend. It was hilarious. 81 00:04:17,839 --> 00:04:20,950 We booked our first tax loss harvesting event of the year. 82 00:04:20,959 --> 00:04:22,570 Let's go. Pee pee poo poo. 83 00:04:22,820 --> 00:04:27,630 Anyways, and last but not least, Solana Saga users stay rewarded. 84 00:04:27,640 --> 00:04:31,290 I mean, I have a homie let you pay like 3K for this thing last 85 00:04:31,300 --> 00:04:34,950 week and he's already pretty much in the money like it's 86 00:04:34,960 --> 00:04:37,600 crazy. But you know you absolutely love 87 00:04:37,610 --> 00:04:39,960 to see it. Planned trustors and dip buyers 88 00:04:39,970 --> 00:04:42,650 staying rewarded in the words of the great bees. 89 00:04:42,720 --> 00:04:47,190 So anyways, with that, this show is powered by Ledger as usual. 90 00:04:47,200 --> 00:04:49,720 If you would like to partner with your boys, you know 91 00:04:49,780 --> 00:04:52,190 definitely look up the link and buy you a formal hour. 92 00:04:52,200 --> 00:04:55,100 We have everything out there including all our shows 93 00:04:55,110 --> 00:04:58,620 everywhere, broadcasting shot to 230 people already on video with 94 00:04:58,630 --> 00:04:59,350 us. We love you all. 95 00:04:59,360 --> 00:05:02,020 We see. Y'all Whoop, make sure I caught 96 00:05:02,030 --> 00:05:03,800 that. You saw that reflexes on. 97 00:05:03,810 --> 00:05:06,390 Fleek. But make sure that you follow at 98 00:05:06,400 --> 00:05:09,720 Fillmore work across all platform, follow your Co host 99 00:05:09,730 --> 00:05:12,100 and of course subscribe to the Mando minutes because your voice 100 00:05:12,110 --> 00:05:16,300 is 5000 subscribers and the goal is 5. 100 subscribers by the end 101 00:05:16,350 --> 00:05:18,840 of. This cycle 500,000. 102 00:05:18,890 --> 00:05:21,950 Having 1500 frozen, let's go, let's go. 103 00:05:21,960 --> 00:05:24,170 That's a that's an easy 100X for my boy over here. 104 00:05:24,260 --> 00:05:26,150 I wish I could long that coin if I could. 105 00:05:26,220 --> 00:05:28,350 I mean, we kind of are by investing in each other. 106 00:05:28,420 --> 00:05:32,450 So anyways, with that one we get this, this, this party started. 107 00:05:32,460 --> 00:05:44,170 Mando is the man back on. Daddy, can you dig it? 108 00:05:44,620 --> 00:05:48,290 GM Yeah, look for majors. If you just focus on Bitcoin for 109 00:05:48,300 --> 00:05:52,090 the last few days, even for the last week, you would probably be 110 00:05:52,100 --> 00:05:54,810 in a good spot. Bitcoin has got back up to about 111 00:05:54,820 --> 00:05:58,490 45 K, which is kind of where it topped out and I think that's 112 00:05:58,500 --> 00:06:03,410 the highest weekly cat candle it's had for for a long time. 113 00:06:03,920 --> 00:06:07,410 But yeah around 45K member got up around there and then bill 114 00:06:07,420 --> 00:06:11,140 away down to 40K and that one week and we slowly edge back was 115 00:06:11,150 --> 00:06:13,640 that level. So Bitcoin feels healthy. 116 00:06:13,690 --> 00:06:15,340 We'll go into what's going on with the ETF. 117 00:06:15,350 --> 00:06:19,140 But the ETF, I mean Bloomberg just increased their chances of 118 00:06:19,150 --> 00:06:21,700 having to 95%. We obviously got that that 119 00:06:21,710 --> 00:06:23,990 feeling. You're currently seeing a bit of 120 00:06:24,000 --> 00:06:27,450 an ETF war right now where all the different providers are 121 00:06:27,460 --> 00:06:31,060 trying to undercut each other on the fees for the ETF. 122 00:06:31,690 --> 00:06:34,660 Remember as he said this is a Vanguard free zone. 123 00:06:34,720 --> 00:06:36,960 What does that mean? Well, Vanguard are traditionally 124 00:06:36,970 --> 00:06:38,920 like the the they undercut everyone. 125 00:06:39,010 --> 00:06:42,310 They they they they are the biggest ETF either because they 126 00:06:42,320 --> 00:06:44,140 are so much lower than everyone fees. 127 00:06:44,470 --> 00:06:46,540 Why are they not involved in in this? 128 00:06:46,550 --> 00:06:49,100 Because they said publicly they do not want to get involved in 129 00:06:49,110 --> 00:06:51,360 crypto. So this has allowed a lot of 130 00:06:51,370 --> 00:06:55,120 other I would say more bespoke ETF providers to to get involved 131 00:06:55,130 --> 00:06:59,100 and there are higher fees. So a lot of people got involved. 132 00:06:59,150 --> 00:07:02,220 They are now proceeding to undercut each other anyway, so 133 00:07:02,230 --> 00:07:04,760 it perhaps isn't as lucrative as they all thought. 134 00:07:05,070 --> 00:07:09,140 I think it's gone down to around nought .2% I think I saw was the 135 00:07:09,150 --> 00:07:12,040 lowest, but there's various different like bonuses and 136 00:07:12,050 --> 00:07:15,780 freeway is so ETFs are definitely coming. 137 00:07:15,790 --> 00:07:18,450 It looks like they're gonna be coming middle of this week, 138 00:07:18,940 --> 00:07:23,730 Wednesday, Thursday period. So that's all going full steam 139 00:07:23,740 --> 00:07:26,290 ahead. I think you already saw Black 140 00:07:26,300 --> 00:07:29,480 Rock Seed part of their ETF already, so they bought some and 141 00:07:29,490 --> 00:07:32,860 you're going to start to see I think seeding of these ETF's 142 00:07:32,870 --> 00:07:36,190 relatively soon as well. So we are in a good spot when it 143 00:07:36,200 --> 00:07:37,810 comes to Bitcoin. Everything else. 144 00:07:37,820 --> 00:07:42,820 If you if you were inside CT you would have felt it wasn't really 145 00:07:42,830 --> 00:07:47,690 trading great. ETH went down to 2160 area, 146 00:07:47,900 --> 00:07:54,610 Solana hit 85 um, a bunch of old coins really fell out of bed and 147 00:07:54,740 --> 00:07:58,410 you've seen quite a big dip in the old coin market having 148 00:07:58,460 --> 00:08:01,330 having really had a a very very good period and caught up with 149 00:08:01,340 --> 00:08:03,570 Bitcoin. Dominant caught up with Bitcoin 150 00:08:03,820 --> 00:08:06,530 while it was kind of hanging out around 40K. 151 00:08:06,940 --> 00:08:10,970 That has since reversed and Bitcoin dominance is headed up 152 00:08:10,980 --> 00:08:16,070 to around 54% and it was at around 50% so that could 153 00:08:16,080 --> 00:08:18,020 continue to go. Like I would be unsurprised if 154 00:08:18,030 --> 00:08:27,820 Bitcoin dominance heads up towards 45464747. 57. 55 to 57%? 155 00:08:28,050 --> 00:08:32,870 That would be unsurprising to me But then I think I, I don't know 156 00:08:32,880 --> 00:08:35,570 all coins are down quite a bit so it's not been a terrible time 157 00:08:35,580 --> 00:08:39,409 I think to go old coin shopping. Things on most things are 158 00:08:39,419 --> 00:08:45,330 probably down about 30% from from their from their high ETH 159 00:08:45,340 --> 00:08:50,020 is down about 10:15 but the rest of everything else is down 30 to 160 00:08:50,030 --> 00:08:52,620 40. So it's been, it's been OK time 161 00:08:52,630 --> 00:08:55,710 to look at some some of those coins and it got pretty nasty 162 00:08:55,840 --> 00:09:00,370 yesterday evening slash in the morning if you're if you're in 163 00:09:00,380 --> 00:09:02,530 Europe. I think that was like the the 164 00:09:02,540 --> 00:09:07,460 local Lowe's and that's sort of the move and then that's kind of 165 00:09:07,470 --> 00:09:10,180 extended into the other Mike more risky parts of the market 166 00:09:10,190 --> 00:09:14,030 mean coins of generally being destroyed, things like which I 167 00:09:14,040 --> 00:09:18,180 think are down like 60-70 maybe even 80% it touched from its 168 00:09:18,190 --> 00:09:21,840 high and most other I mean points have have slightly 169 00:09:21,850 --> 00:09:24,250 underperformed though the ones on earth seem to be doing 170 00:09:24,260 --> 00:09:28,340 slightly better than the ones on Solana UM and pretty much all 171 00:09:28,350 --> 00:09:32,640 the D5 narratives, a lot of the OL one narratives all really got 172 00:09:32,650 --> 00:09:37,760 tested in this move. So yeah, it's been like I said 173 00:09:37,770 --> 00:09:40,720 last night, I think was where it felt the worst. 174 00:09:41,940 --> 00:09:45,990 Things like Solana, 85 and out just showed 95. 175 00:09:46,040 --> 00:09:49,360 You had things like say which everyone was talking about. 176 00:09:49,370 --> 00:09:54,170 I think it 50-5 cents. It's now back up to like $0.70 177 00:09:54,180 --> 00:09:57,670 roughly or $0.65. So like a decent, a decent 178 00:09:57,680 --> 00:10:02,680 bounce back and a bunch of different things and I don't 179 00:10:02,690 --> 00:10:06,180 know if that that continues. It just felt as though also 180 00:10:06,190 --> 00:10:07,980 moving lower in Bitcoin wasn't doing anything. 181 00:10:08,050 --> 00:10:09,920 At least this morning Bitcoin has gone higher. 182 00:10:10,900 --> 00:10:13,770 I don't know like it looks like to me like Bitcoin kick up 183 00:10:13,780 --> 00:10:16,750 towards 50K. I don't know if alts will follow 184 00:10:16,860 --> 00:10:20,070 but umm but it it it's definitely feeling better out 185 00:10:20,080 --> 00:10:23,190 there today. And then in terms of general 186 00:10:23,200 --> 00:10:27,250 risk sentiment out there, if you look at things like funding, 187 00:10:27,320 --> 00:10:30,860 open interest, they're all, they've all been pretty much 188 00:10:30,980 --> 00:10:35,770 down only for the last, for the last week or so bunch of other 189 00:10:35,780 --> 00:10:38,320 liquidations over the last 24 hours, another 200 million of 190 00:10:38,330 --> 00:10:41,870 liquidations, wow. And we've had a few big days 191 00:10:41,880 --> 00:10:45,340 like that, a couple of 500 days and now 200 days just over the 192 00:10:45,350 --> 00:10:46,730 last. Are the people. 193 00:10:46,740 --> 00:10:48,860 Getting liquidated on Bitcoin? You're talking alts here. 194 00:10:50,050 --> 00:10:51,750 Well, Bitcoin didn't really move lower. 195 00:10:51,820 --> 00:10:53,710 No, it didn't. I mean last night when it like 196 00:10:53,720 --> 00:10:55,430 everything moved. So I was awake because it was. 197 00:10:55,440 --> 00:11:01,090 During your 44 1/2 right? Or 43 1/2 and half. 43 two. 43 198 00:11:01,100 --> 00:11:03,210 three like it was. At some point it was, it went, 199 00:11:03,220 --> 00:11:07,070 it was like around bedtime, so around bed around 11:00 PM. 200 00:11:07,260 --> 00:11:09,110 That's when I was like, I bet like they just close the 201 00:11:09,120 --> 00:11:12,180 computer and go to sleep, but but it was. 202 00:11:12,380 --> 00:11:15,250 You can actually see the liquidations on on Coin 203 00:11:15,300 --> 00:11:19,710 criminalise. And 43 years later, 43 one but. 204 00:11:19,720 --> 00:11:20,420 That's it. That's it. 205 00:11:20,500 --> 00:11:23,110 Barely a move down on. On the and the number of 206 00:11:23,120 --> 00:11:26,720 liquidations in in things like Ethereum and liquidations 207 00:11:26,730 --> 00:11:30,510 matched Bitcoin even though the the open interest of Bitcoin is 208 00:11:30,520 --> 00:11:32,750 about three times that of Ethereum. 209 00:11:32,760 --> 00:11:35,980 So it tells you that the vast majority of these liquidations 210 00:11:35,990 --> 00:11:39,190 we're in, we're in altcoins. So definitely that bit of the 211 00:11:39,200 --> 00:11:42,960 risk sentiment of the markets come out funding across the 212 00:11:42,970 --> 00:11:48,070 board looks healthy to me. You're still seeing a premium on 213 00:11:48,080 --> 00:11:51,040 the CME, which is where, like the trade futures exchange is 214 00:11:51,050 --> 00:11:53,340 happening. Generally stuff feels slightly 215 00:11:53,350 --> 00:11:56,490 healthier. Macro hasn't been that great. 216 00:11:56,500 --> 00:11:59,820 Didn't it was OK on Friday. Today there's been a few like 217 00:11:59,830 --> 00:12:02,360 jitters around what's been going on in in China. 218 00:12:02,370 --> 00:12:05,180 There was like a big default of one of their shadow banking 219 00:12:06,630 --> 00:12:08,170 science. Probably one of the biggest 220 00:12:08,180 --> 00:12:11,940 actually. Uh yeah, well before it was in 221 00:12:11,950 --> 00:12:16,720 the housing market, it was more the, the home builders slash 222 00:12:16,730 --> 00:12:19,640 real estate developers that were that were under stress. 223 00:12:19,650 --> 00:12:21,680 This is actually their shadow banking sector. 224 00:12:21,690 --> 00:12:25,690 So a lot of, a lot of and what does that even mean? 225 00:12:25,700 --> 00:12:30,000 It just means that that a lot of the the leverage in the system 226 00:12:30,010 --> 00:12:34,900 is actually provided by less regulated entities in China and 227 00:12:34,950 --> 00:12:37,780 the biggest one of those of which a lot of people actually 228 00:12:37,790 --> 00:12:43,530 have like deposits in went went under over the weekend or I 229 00:12:43,540 --> 00:12:45,490 think late on Friday as long as he. 230 00:12:45,540 --> 00:12:50,390 So that that's generally that's some bad world sentiment and 231 00:12:50,400 --> 00:12:53,010 there's a few obviously geopolitical risks are very high 232 00:12:53,020 --> 00:12:55,950 right now Red Sea has meant shipping rates have gone up 233 00:12:55,960 --> 00:12:58,550 quite a lot. So it's it's not been a great 234 00:12:58,560 --> 00:13:03,250 start to the year across the board for most assets. 235 00:13:03,320 --> 00:13:07,580 So maybe that's that's meant that crypto doesn't feel as good 236 00:13:07,590 --> 00:13:11,290 as it may have and a lot of people are kind of changing very 237 00:13:11,300 --> 00:13:14,460 quickly changing their view of of how quickly the the Fed's 238 00:13:14,470 --> 00:13:20,400 going to cut rates. So yeah, that's that's generally 239 00:13:20,410 --> 00:13:24,820 changing changing perceptions of of risk at the moment. 240 00:13:24,830 --> 00:13:30,030 So I think I think we are set up with it. 241 00:13:30,040 --> 00:13:31,970 It could have been a better macro, a better macro 242 00:13:31,980 --> 00:13:33,670 environment. But I think we're set up here to 243 00:13:33,680 --> 00:13:36,050 to to continue to go higher amongst. 244 00:13:36,140 --> 00:13:40,620 That's my gut and I think old coins will still be shaky, but I 245 00:13:40,630 --> 00:13:43,210 don't know some of the some of the ones now, now they're down 246 00:13:43,220 --> 00:13:47,750 3040% I'm looking at. Yeah, so that, that, that, by 247 00:13:47,760 --> 00:13:52,920 the way, you're fired today. This is like, that's dude, 248 00:13:53,790 --> 00:13:55,720 that's a market report if I've ever heard one. 249 00:13:56,090 --> 00:13:58,360 I need this every Monday. Through the Do the minutes, 250 00:13:58,370 --> 00:14:01,270 dude, I know no at all. No minutes, but like you just 251 00:14:01,280 --> 00:14:03,720 went off. Like, I did not even want to say 252 00:14:03,730 --> 00:14:05,590 anything. I was texting the boys on the 253 00:14:05,600 --> 00:14:07,780 side saying, yo, this man is on fire this morning. 254 00:14:07,850 --> 00:14:11,880 That was a great report. And G MOV in breaking news. 255 00:14:11,890 --> 00:14:15,200 I guess we got Gary Gensler. You know, Speaking of, you know, 256 00:14:15,210 --> 00:14:16,860 Ovi comes in and we got. Watch out. 257 00:14:16,870 --> 00:14:20,020 Watch out for guy boys. You know, Well, let me tell you 258 00:14:20,030 --> 00:14:21,720 something. It definitely did not go the way 259 00:14:21,730 --> 00:14:23,230 you thought it was gonna go over. 260 00:14:23,510 --> 00:14:25,360 I didn't say. I didn't say I was gonna. 261 00:14:25,370 --> 00:14:28,360 Go any particular race started. Don't get started. 262 00:14:28,410 --> 00:14:30,200 Don't get started. We know. 263 00:14:30,210 --> 00:14:36,330 He's gonna come after the. Don't even get started here OV 264 00:14:36,340 --> 00:14:38,750 with your fucking very different comments. 265 00:14:40,240 --> 00:14:43,770 Don't even bring that juju in here on this historical week. 266 00:14:43,920 --> 00:14:45,290 Good morning. Over How you doing? 267 00:14:45,400 --> 00:14:46,750 Good morning. Yeah, I'm good. 268 00:14:46,820 --> 00:14:48,270 I'm good. It's gonna be a big week. 269 00:14:48,740 --> 00:14:51,070 Big week. Big week equals big week. 270 00:14:51,130 --> 00:14:52,170 I don't know. Let's see. 271 00:14:52,180 --> 00:14:55,010 But we're already we're definitely wicked anyways. 8 272 00:14:55,020 --> 00:14:57,270 minutes ago, Mando, as you were, as you were going off. 273 00:14:58,220 --> 00:15:00,190 Gary. Gensler, let's see if this is a 274 00:15:00,200 --> 00:15:02,540 concession speech. This is this a capitulation 275 00:15:02,550 --> 00:15:03,350 thread. Let's see that. 276 00:15:03,360 --> 00:15:06,700 So Gary Gensler thread. I mean, we could even just hit 277 00:15:06,710 --> 00:15:09,890 the breaking news this just anytime I could play, I just. 278 00:15:09,900 --> 00:15:13,750 Play. Breaking news. 279 00:15:14,080 --> 00:15:16,200 It makes me laugh because Eric was like, if everything's 280 00:15:16,210 --> 00:15:18,010 breaking news, nothing's breaking news on Friday. 281 00:15:18,020 --> 00:15:20,110 I thought it was hilarious they had they still haven't used the 282 00:15:20,120 --> 00:15:22,920 word breaking James himself, but I think they're they're 283 00:15:22,930 --> 00:15:25,210 reserving that for when the ETFs are approved. 284 00:15:25,220 --> 00:15:26,690 Anyways, the thread by Gary Gensler. 285 00:15:26,740 --> 00:15:29,630 Some things to keep in mind if you're considering investing in 286 00:15:29,640 --> 00:15:31,350 crypto assets. Wow. 287 00:15:31,400 --> 00:15:33,890 So there you go, there you go. You know, he knows. 288 00:15:33,900 --> 00:15:36,580 He knows it's coming. He knows people are going to be 289 00:15:36,590 --> 00:15:39,730 able to buy that shit with their 401K's as early as like on 290 00:15:39,740 --> 00:15:42,630 Wednesday or Thursday right after the approval. 291 00:15:42,860 --> 00:15:46,180 So those offering crypto assets, investments, services may not be 292 00:15:46,190 --> 00:15:48,250 complying with applicable law. We get that Gary. 293 00:15:48,300 --> 00:15:50,380 Including federal securities laws, investors in crypto 294 00:15:50,420 --> 00:15:51,770 securities should understand they made. 295 00:15:51,780 --> 00:15:54,710 The the private key info and other important. 296 00:15:54,760 --> 00:15:56,370 Protections in connection to their investment. 297 00:15:56,380 --> 00:16:00,230 I feel like he has to say that investment in crypto assets also 298 00:16:00,240 --> 00:16:03,090 can be exceptionally risky and are often of OK. 299 00:16:03,100 --> 00:16:06,410 We know that fraudsters continue to exploit. 300 00:16:06,420 --> 00:16:09,500 OK, so. He he just put a thread, did 301 00:16:09,510 --> 00:16:12,880 just put a thread out saying be careful buying crypto assets. 302 00:16:12,950 --> 00:16:14,890 Because, well, at all. Volatile. 303 00:16:14,900 --> 00:16:17,980 Volatile, whatever it is over. How do you say it? 304 00:16:18,360 --> 00:16:20,570 Ohh. Volatile. 305 00:16:21,840 --> 00:16:25,080 Investment crypto can be, you know, not complying to 306 00:16:25,090 --> 00:16:27,280 securities laws. That's why I say, and then 307 00:16:27,610 --> 00:16:30,080 there's a lot of fraudsters like, you know, rising in 308 00:16:30,090 --> 00:16:31,240 popularity. That's the only. 309 00:16:31,250 --> 00:16:34,760 Thing good old Gary is telling you all here, so definitely 310 00:16:34,770 --> 00:16:39,700 nothing new, but it seems to me you know if you read for you 311 00:16:40,010 --> 00:16:44,880 that's a great reply. Let me get this CZ for tweet and 312 00:16:44,890 --> 00:16:49,150 let me comment that as a reply. He got ahead with the four. 313 00:16:49,200 --> 00:16:51,790 Yeah, but you know that's like Ovie's best friend right now. 314 00:16:51,800 --> 00:16:56,750 Like Garry's like like Gary and and there we go, here we go, 315 00:16:56,900 --> 00:16:59,050 here we go, here we go. Four. 316 00:16:59,880 --> 00:17:02,730 Anyways, I. Mean what do we what are we 317 00:17:02,740 --> 00:17:04,470 reading? In between these lines here, I 318 00:17:04,480 --> 00:17:07,960 mean, is this him conceding, say, look like this is coming, 319 00:17:07,970 --> 00:17:10,510 it's bigger than me. Be careful. 320 00:17:12,020 --> 00:17:15,369 Is not conceding to be clear, like we had this. 321 00:17:15,760 --> 00:17:18,530 Situation. A bit more like he's got 322 00:17:18,569 --> 00:17:24,540 outstanding lawsuits against Coinbase, Binance, Kraken, BCG, 323 00:17:24,550 --> 00:17:29,800 Slash, Dent, Genesis, and like a tonne of other wells, notices 324 00:17:29,810 --> 00:17:32,060 against most D5 protocols that ever touched. 325 00:17:32,070 --> 00:17:34,550 A lot of projects for it's worth, like the Wells notices. 326 00:17:34,560 --> 00:17:38,290 This guy has not capitulated. I'm not, I mean, yeah, but like. 327 00:17:38,300 --> 00:17:40,800 This is him saying he he's conceding the ATF like it's 328 00:17:40,810 --> 00:17:44,500 coming, like he's just saying. Because he's backed himself into 329 00:17:44,510 --> 00:17:47,410 a corner. His view on crypto, I mean we 330 00:17:47,420 --> 00:17:48,880 were think about this over the weekend. 331 00:17:48,990 --> 00:17:51,670 What has really happened here in the US, why this is causing so 332 00:17:51,680 --> 00:17:55,290 much of trouble is that. He. 333 00:17:55,410 --> 00:17:58,120 There is no, there's no crypto regulation right now in the US, 334 00:17:58,310 --> 00:17:59,680 right? There's no specific crypto 335 00:17:59,690 --> 00:18:01,440 regulation. What you've seen across the 336 00:18:01,450 --> 00:18:04,820 world happening over the last two years, Europe's now got its 337 00:18:04,830 --> 00:18:06,740 own crypto regulation called Mika. 338 00:18:06,970 --> 00:18:10,080 The UK brought out a very extensive one recently. 339 00:18:10,130 --> 00:18:12,940 Hong Kong is now moving to have its own crypto regulation. 340 00:18:13,030 --> 00:18:15,280 Singapore is. The UAE is. 341 00:18:15,350 --> 00:18:19,050 The US has not done anything in terms of crypto regulation. 342 00:18:19,350 --> 00:18:22,810 What they believe is that the current securities laws are able 343 00:18:22,820 --> 00:18:27,780 to deal with it, which seems ridiculous because this seems 344 00:18:27,790 --> 00:18:30,580 like it's falling between the cracks of many different things. 345 00:18:30,650 --> 00:18:34,480 It's a are they currencies and yet they have aspects of of 346 00:18:34,490 --> 00:18:40,920 yield to them And Garry's caught there trying to claim that he 347 00:18:41,000 --> 00:18:45,000 has the power to regulate over these and is losing in in court 348 00:18:45,050 --> 00:18:49,260 again and again and again Now until the US actually brings 349 00:18:49,350 --> 00:18:52,850 brings out a comprehensive set of crypto regulation which will 350 00:18:52,860 --> 00:18:57,930 not happen under this under this current administration. 351 00:18:58,460 --> 00:19:03,310 Garry's continued to just try and you know try and seize power 352 00:19:03,320 --> 00:19:06,970 in this situation whether whether he wins the court cases 353 00:19:06,980 --> 00:19:08,390 or not he's going to keep on bringing it. 354 00:19:08,400 --> 00:19:12,040 So this is just caught Gary because he lost enough. 355 00:19:12,090 --> 00:19:14,770 Remember he he only he's only doing this because he lost a 356 00:19:14,780 --> 00:19:18,490 court case about it like he is being forced to do this. 357 00:19:18,600 --> 00:19:22,700 So yeah, don't expect him to change, don't expect any change. 358 00:19:23,090 --> 00:19:25,890 I think under under the current administration, there's too many 359 00:19:25,900 --> 00:19:28,160 powerful people in it who do not want crypto to happen. 360 00:19:29,870 --> 00:19:32,650 Yeah, I mean, look, this is definitely happening at this 361 00:19:32,660 --> 00:19:34,010 stage. I was seeing some chatter back 362 00:19:34,020 --> 00:19:36,660 and forth between James Safe and I think Eric and you know the 363 00:19:36,670 --> 00:19:40,750 ETF crew and. It's like, you know, it's like 364 00:19:40,760 --> 00:19:42,880 you know at this stage like they're like just like that. 365 00:19:42,890 --> 00:19:44,720 It's so funny. It's like 2 accounts they can 366 00:19:44,730 --> 00:19:46,170 eat the following notifications on. 367 00:19:46,180 --> 00:19:48,160 It's like that that. It's like it's like the ATF 368 00:19:48,170 --> 00:19:51,250 Cabal, you know, and I love them. 369 00:19:51,260 --> 00:19:53,810 Ohh like I'm interacting with them, tagging them and shit. 370 00:19:53,870 --> 00:19:55,560 It's just so. Fun to follow him at the moment 371 00:19:55,570 --> 00:19:59,450 but anyways they were saying how you know like the again like and 372 00:19:59,460 --> 00:20:00,810 he, I know he said on the show Friday. 373 00:20:00,820 --> 00:20:03,940 The labour and the amount of people that worked so hard even 374 00:20:03,950 --> 00:20:06,770 on the SEC side over the holidays to make this happen. 375 00:20:07,240 --> 00:20:10,490 It's like it's a stab in the back if not punch in the throat 376 00:20:10,500 --> 00:20:12,650 of his own like workforce at this stage. 377 00:20:12,660 --> 00:20:18,210 So it's it's it's it's really imminent at this stage and you 378 00:20:18,280 --> 00:20:22,890 absolutely love to see that. Anyways, so I think we're 379 00:20:22,900 --> 00:20:25,200 looking good on the TV side. Look, there's nothing much more 380 00:20:25,210 --> 00:20:28,280 to say on top of what you just already kind of went on about 381 00:20:28,290 --> 00:20:30,280 this. The main news regarding DTS this 382 00:20:30,290 --> 00:20:32,600 morning and over the weekend was. 383 00:20:32,730 --> 00:20:36,240 You kind of mentioned it is the fees that are being charged by, 384 00:20:36,250 --> 00:20:40,690 by the, by the issues, right. So Black rocks that .2% for the 385 00:20:40,700 --> 00:20:44,520 1st $5 billion for me like I just met over like I wanted to 386 00:20:44,530 --> 00:20:46,080 just highlight like just the amount. 387 00:20:46,120 --> 00:20:48,550 So they're saying first to $55 billion, they already know 388 00:20:48,560 --> 00:20:52,080 that's going to happen, right? You have Arcane 21 shares both 389 00:20:52,250 --> 00:20:56,420 25 basis points up to first billion and or six months like 390 00:20:56,430 --> 00:20:58,530 you know six months of the first six months. 391 00:20:59,850 --> 00:21:06,260 Then bit wise that 24% it looks like we just got you know you 392 00:21:06,270 --> 00:21:07,820 have the whole war going on right now. 393 00:21:07,830 --> 00:21:09,820 So that's the other person Katie Greyfield. 394 00:21:09,830 --> 00:21:12,140 I'm actually going to go in like turn my notifications on for her 395 00:21:12,150 --> 00:21:15,610 right now. But there is now, you know 396 00:21:15,620 --> 00:21:18,250 there's an update with all the different fees here and you have 397 00:21:18,260 --> 00:21:20,720 this stuff like, um, surprise you. 398 00:21:20,730 --> 00:21:22,620 You guys obviously have the bigger background when it comes 399 00:21:22,630 --> 00:21:25,490 to transferring everything. I find it funny, like scales at 400 00:21:25,500 --> 00:21:28,240 1 1/2 points but. It just seems like it's already 401 00:21:28,250 --> 00:21:30,980 a race to 0, doesn't it? Even though I read we heard 402 00:21:30,990 --> 00:21:33,730 black was gonna be 0.8%, I read something today. 403 00:21:33,770 --> 00:21:36,040 They're gonna be like 0.2% or something. 404 00:21:36,050 --> 00:21:37,960 So I shared the Black Rock. Yeah. 405 00:21:38,010 --> 00:21:45,110 So yeah, I think I'm it's it's. Already 0 for six months there 406 00:21:45,120 --> 00:21:49,310 is like bitwise OR RK and Invesco or a zero. 407 00:21:49,320 --> 00:21:52,120 It's it's really good. It's a really good thing. 408 00:21:52,130 --> 00:21:55,710 The net beneficiary of all of this is basically us because it 409 00:21:55,720 --> 00:22:00,070 is cheaper for for you know normally is to go and buy the 410 00:22:00,080 --> 00:22:02,710 shirt and it also means like the only way these guys can make 411 00:22:02,720 --> 00:22:05,730 money if their fees start to go towards 0, do more volume. 412 00:22:05,740 --> 00:22:10,250 So I mean it's just like a land grab right now and fees, fees, 413 00:22:10,360 --> 00:22:14,370 the fee war has already begun before these F has even been 414 00:22:14,480 --> 00:22:18,030 approved let alone launch. So you can just tell it's going 415 00:22:18,040 --> 00:22:20,990 to be like is this going to be doing big volumes And my view 416 00:22:21,000 --> 00:22:24,330 here still is like we weren't seeing much remove on the 417 00:22:24,340 --> 00:22:26,760 approval, maybe we get big quick up and available quick back 418 00:22:26,770 --> 00:22:29,450 down. But I think we will see start 419 00:22:29,460 --> 00:22:33,390 secret to move aggressively if they do a lot of volumes on day 420 00:22:33,400 --> 00:22:36,190 one. And looking at what the 421 00:22:36,200 --> 00:22:38,570 behaviour and activity is right now of all these guys, it feels 422 00:22:38,580 --> 00:22:41,590 like it's going to be a very, very big volume down day one. 423 00:22:42,280 --> 00:22:45,250 Yeah, it's a big, big, big. Day What do you what do you 424 00:22:45,260 --> 00:22:49,560 think of volume wise volume like they want. 425 00:22:49,570 --> 00:22:51,780 I mean this is this could be life as soon as like he said 426 00:22:51,790 --> 00:22:54,230 what do you sell the show up to 10 days But also some people are 427 00:22:54,240 --> 00:22:56,810 like some of the ETF like analysts are are saying that 428 00:22:56,820 --> 00:22:59,780 this could go live a day. After day they're saying. 429 00:22:59,790 --> 00:23:02,840 Right now the communication seems to be that they get 430 00:23:02,850 --> 00:23:06,680 approved on Wednesday and it starts trading on Thursday the 431 00:23:06,690 --> 00:23:08,710 11th. Also on Thursday 11th we get the 432 00:23:08,720 --> 00:23:10,100 first CPI number of the year as well. 433 00:23:10,110 --> 00:23:14,450 So it's going to be a big week. Like give me more, give me more. 434 00:23:14,460 --> 00:23:18,370 God bless. Wait, hold on. 435 00:23:19,390 --> 00:23:24,740 What just happened? But if you look at the if you 436 00:23:24,750 --> 00:23:28,800 look at the, uh, the link I just sent you now. 437 00:23:29,250 --> 00:23:32,300 Let me open that. Yeah that shows you the volumes 438 00:23:32,310 --> 00:23:36,830 that all the different ETF so that on on day one. 439 00:23:36,840 --> 00:23:41,800 So the record right now is day one flow of two $2.1 billion 440 00:23:41,810 --> 00:23:46,610 which was ETF launched last year, Black Rock ETF climate 441 00:23:46,620 --> 00:23:51,480 conscious and transition ETF which I don't think has done 442 00:23:51,490 --> 00:23:54,390 much volume since then. So you know if Black if the 443 00:23:54,400 --> 00:23:56,760 rumours are true that Black Rock are ready to pump 2 billion into 444 00:23:56,770 --> 00:24:00,040 this thing on on like day one, then I think this is gonna like 445 00:24:00,050 --> 00:24:02,980 blow that out of the water to be honest with you. 446 00:24:05,510 --> 00:24:07,850 And I think we will maybe see two or three of these have 447 00:24:07,860 --> 00:24:09,860 actually beat the number one spot. 448 00:24:10,220 --> 00:24:12,810 If that happens, then I think and if it can, if that volume 449 00:24:12,820 --> 00:24:16,670 continues, I think you're really gonna see like Bitcoin get back 450 00:24:16,680 --> 00:24:19,150 to all time highs and that's just the space for a few weeks. 451 00:24:19,160 --> 00:24:21,760 I think you're gonna that's that's gonna be the real like 452 00:24:23,160 --> 00:24:26,060 everyone talk about mass adoption and the institutions 453 00:24:26,070 --> 00:24:27,930 are coming, All that stuff in crypto for years and years and 454 00:24:27,940 --> 00:24:29,690 years and years like this is literally it. 455 00:24:29,700 --> 00:24:32,550 You can't get more mass adoption than this because every single 456 00:24:32,560 --> 00:24:35,520 person who has a fucking stock brokerage account go can go out 457 00:24:35,530 --> 00:24:37,670 there and get clean exposure to Bitcoin. 458 00:24:37,880 --> 00:24:39,950 But they haven't been able to do before. 459 00:24:39,960 --> 00:24:42,980 And I know plenty of people who I think are going to do that 460 00:24:42,990 --> 00:24:44,400 straight away. Anecdotally, that's obviously 461 00:24:44,410 --> 00:24:46,970 not great sample size in terms of the dollar amount coming in. 462 00:24:46,980 --> 00:24:50,370 But that's the thing I think which that will really send 463 00:24:50,380 --> 00:24:53,160 crypto and I don't know if it will happen or not. 464 00:24:53,170 --> 00:24:55,610 That's I think we're at a point of Inflexion here because cults 465 00:24:55,620 --> 00:24:58,760 have shown their hand where it feels frothy and people are up 466 00:24:58,770 --> 00:25:01,370 big and wanna wanna take money, you know take chips off the 467 00:25:01,380 --> 00:25:03,640 table. There's a big question of like 468 00:25:03,690 --> 00:25:06,340 will we value, will we not rally when all this stuff happens. 469 00:25:06,350 --> 00:25:07,880 And I think it comes down to the volume. 470 00:25:07,890 --> 00:25:10,860 If you have big volume, I think Bitcoin morally I think also 471 00:25:10,870 --> 00:25:15,350 will then catch up and follow it after a couple of days maybe and 472 00:25:15,360 --> 00:25:17,640 the following disappoint then I think the whole market can can 473 00:25:17,650 --> 00:25:19,140 come a lot lower to be honest with you. 474 00:25:20,420 --> 00:25:22,770 It's over. It's. 475 00:25:22,780 --> 00:25:26,050 Over. Gary Gensler. 476 00:25:26,380 --> 00:25:29,210 He lost. It's over. 477 00:25:29,500 --> 00:25:33,980 We have crushed our enemies. You guys understand what's about 478 00:25:33,990 --> 00:25:35,690 to happen? We could go lower. 479 00:25:35,700 --> 00:25:38,330 We could go higher. It's over. 480 00:25:38,380 --> 00:25:40,810 You guys aren't understand. You survived. 481 00:25:40,880 --> 00:25:45,310 You paid the price. And now this is the beginning of 482 00:25:45,380 --> 00:25:48,090 everything. Stop thinking about things. 483 00:25:48,160 --> 00:25:49,880 Stop thinking. Oh, I don't know what's going 484 00:25:49,890 --> 00:25:51,210 to. Happen to come on? 485 00:25:53,230 --> 00:25:56,160 It doesn't matter. I don't care if it's correction. 486 00:25:56,230 --> 00:25:58,740 I don't care if it goes down $10,000. 487 00:25:58,790 --> 00:26:01,860 It's over. We have brought mass adoption, 488 00:26:01,930 --> 00:26:04,720 We have brought the banks, We have brought the people. 489 00:26:04,780 --> 00:26:07,360 Now is the time for us to celebrate. 490 00:26:08,870 --> 00:26:15,810 No, no, we're gonna get DMCA. I don't wanna hear. 491 00:26:16,220 --> 00:26:17,420 I don't want to hear any of this. 492 00:26:18,320 --> 00:26:21,370 I don't want to hear any of this, this, this, this nonsense. 493 00:26:21,440 --> 00:26:25,990 This is the This is the greatest week of crypto NCA. 494 00:26:26,480 --> 00:26:29,170 I got, you know what I got? I got better on stage because he 495 00:26:29,180 --> 00:26:33,350 texted, he texted the boys and he was like, get OSF off stage. 496 00:26:33,550 --> 00:26:36,650 He was like, get it, get. Negativity. 497 00:26:39,950 --> 00:26:44,330 Ohh what happened to like bear market rally? 498 00:26:44,700 --> 00:26:46,400 No I what? Happened. 499 00:26:47,060 --> 00:26:49,280 I spent the entire bear market being the only person who's 500 00:26:49,290 --> 00:26:52,770 bullish and. Post this on us like on. 501 00:26:52,780 --> 00:26:56,820 The other one I'll be doesn't mean I'm bearish. 502 00:26:56,830 --> 00:26:59,340 There's a difference between being bearish, being cautious. 503 00:26:59,400 --> 00:27:01,240 It was a different time. You're cautious. 504 00:27:03,740 --> 00:27:06,650 No, no, no. That was bad. 505 00:27:06,660 --> 00:27:08,280 Wish I'd be selling Crypto All Star. 506 00:27:10,260 --> 00:27:12,410 Lana hit 88. Go Armando. 507 00:27:12,480 --> 00:27:17,030 He hits 2190, Bitcoin hits. I know it was kind of hanging 508 00:27:17,040 --> 00:27:18,310 out. I go right, I'm gonna buy some, 509 00:27:18,400 --> 00:27:21,530 I'm gonna buy some. Solana OS puts them a chat. 510 00:27:21,540 --> 00:27:23,870 I think. I think you go 30% lower versus 511 00:27:23,880 --> 00:27:25,530 Ethel. I'll buy it around there. 512 00:27:28,390 --> 00:27:31,090 Gary Gensler could come after, the altcoins after. 513 00:27:31,550 --> 00:27:34,780 I said that's where I would, I said that's why I convert my 514 00:27:34,790 --> 00:27:36,630 Ether Solana. It's not being. 515 00:27:37,050 --> 00:27:39,220 Such a target. You are being bearish. 516 00:27:39,270 --> 00:27:40,710 You know what it is. It's not. 517 00:27:43,720 --> 00:27:47,050 NOT like I'm just not tits out bullish anymore. 518 00:27:47,060 --> 00:27:48,560 Like it's different. You know what? 519 00:27:48,570 --> 00:27:50,410 This is Oh my God. This is there. 520 00:27:50,420 --> 00:27:51,990 You know. You know. 521 00:27:52,250 --> 00:27:53,550 You know what I'm holding right now. 522 00:27:53,560 --> 00:27:56,330 You know I'm holding right now. Fictionally I'm holding a Uno 523 00:27:56,340 --> 00:28:00,110 reverse card OV OK, let me fucking conviction. 524 00:28:00,180 --> 00:28:02,160 You know what it is. Hold on, let me talk to him. 525 00:28:04,060 --> 00:28:05,520 The words that are coming out of my mouth. 526 00:28:05,590 --> 00:28:08,770 If there was ever for your kits. If there's ever kits to be out 527 00:28:08,830 --> 00:28:10,510 right now. Right now is the. 528 00:28:10,520 --> 00:28:12,070 Time on the crypt as well, not. Just. 529 00:28:13,840 --> 00:28:17,510 If there was ever for your balls to be on the table, now is the 530 00:28:17,520 --> 00:28:19,060 time. Do you not understand? 531 00:28:19,280 --> 00:28:21,950 I've been here since a long time. 532 00:28:22,020 --> 00:28:26,250 We've been talking about this ETF since the beginning for 15 533 00:28:26,260 --> 00:28:28,280 years. This is all we've been talking 534 00:28:28,290 --> 00:28:30,580 about. Another. 535 00:28:30,590 --> 00:28:35,120 Area, but you're not. Take him off the stage. 536 00:28:35,470 --> 00:28:37,360 You know what it is. You know what it is. 537 00:28:37,470 --> 00:28:40,960 I'll tell you what it is. Don't have an idea of when 538 00:28:40,970 --> 00:28:43,320 you're gonna think about taking profits. 539 00:28:43,330 --> 00:28:44,520 You're never gonna make the actual. 540 00:28:44,530 --> 00:28:50,750 Market like I'm not OK. I'm not saying it's now. 541 00:28:51,410 --> 00:28:53,680 What did you do to him? What happened? 542 00:28:55,260 --> 00:28:59,080 Barely even. Moved since bottom It's barely 543 00:28:59,090 --> 00:29:05,220 even up two point 2.2 eggs, bro. It's like October 21 when 544 00:29:05,230 --> 00:29:08,160 everyone was yelling at me, like taking kids on the table. 545 00:29:08,250 --> 00:29:11,600 But it's not. I don't, I don't think 14 hours. 546 00:29:11,950 --> 00:29:13,610 I don't think it is. But I'm not selling. 547 00:29:13,990 --> 00:29:15,680 Ordinary though, myself. Don't worry, don't worry. 548 00:29:15,690 --> 00:29:18,180 We we all decided in the back we weren't gonna have a go at you. 549 00:29:18,190 --> 00:29:20,600 Because nothing has. For what it's worth, Mando and I 550 00:29:20,610 --> 00:29:23,260 may have, but Benny did not. OK, Benny really just, like, 551 00:29:23,270 --> 00:29:24,880 raged on because he felt the energy. 552 00:29:24,890 --> 00:29:26,190 OK. But I'm gonna tell you, because 553 00:29:26,200 --> 00:29:29,380 I was thinking about you this morning and I remember the 554 00:29:29,390 --> 00:29:32,220 back-to-back to back-to-back speeches when he had 555 00:29:32,230 --> 00:29:35,570 back-to-back 11 weekly week red candles in a row. 556 00:29:35,640 --> 00:29:37,430 That was from May to June, right? 557 00:29:37,520 --> 00:29:41,920 When we went to 15 K, $8 and fucking $800, right? 558 00:29:42,320 --> 00:29:47,490 And you were out there providing the biggest speeches of all CT 559 00:29:47,500 --> 00:29:50,950 You were fucking Mel Gibson and Braveheart out there, OK? 560 00:29:51,040 --> 00:29:55,070 That's what you were for. You to be cautious on the cusp 561 00:29:55,140 --> 00:30:00,350 on the most historical moment in the history cryptocurrency. 562 00:30:00,760 --> 00:30:02,650 That's precisely when you need me to be cautious. 563 00:30:02,660 --> 00:30:06,270 You needed me to be to give you that speech to get people to get 564 00:30:06,280 --> 00:30:10,270 their you know get themselves out of the numbers and stuff and 565 00:30:10,280 --> 00:30:14,410 and by by by risk now everyone's like ohh, we're gonna go to the 566 00:30:14,420 --> 00:30:16,310 moon and etcetera, etcetera, which is fine like I'm really 567 00:30:16,320 --> 00:30:18,730 bullish but if you're. Not thinking about. 568 00:30:18,780 --> 00:30:22,770 What's going On? 1000 E to Blast. 569 00:30:22,860 --> 00:30:24,580 Mando, what happened? What did you do? 570 00:30:26,720 --> 00:30:28,690 You're not. Thinking about the next stage. 571 00:30:28,890 --> 00:30:31,610 What happened? It cured it occurred a few days 572 00:30:31,620 --> 00:30:34,750 ago and he just he just kept on mentioning Gary Gensler in the 573 00:30:34,760 --> 00:30:36,880 chat. Yeah. 574 00:30:38,680 --> 00:30:41,660 My word, my words. These guys got weekends. 575 00:30:41,910 --> 00:30:45,720 Yeah, these. Team a few weeks a few nights 576 00:30:45,730 --> 00:30:50,160 ago about Gary New Year's bags and and he's decided that 577 00:30:50,170 --> 00:30:52,680 Garry's is is still coming for him. 578 00:30:52,990 --> 00:30:58,150 I I did have a nightmare. At about 50 times since then, 579 00:30:58,160 --> 00:31:00,030 so. Literally last night at like 580 00:31:00,040 --> 00:31:03,650 11:00 PM sent a picture of Gary Gensler to Mando and I saying 581 00:31:03,660 --> 00:31:07,150 that he's coming after a Solana. Like there's like there's like 582 00:31:07,160 --> 00:31:09,750 like there's like it's crazy like this is like this is like 583 00:31:09,760 --> 00:31:11,890 next level battery. Could come after. 584 00:31:11,900 --> 00:31:14,170 You don't understand. They could come after Solana. 585 00:31:14,180 --> 00:31:16,050 They could come after either. They could come after. 586 00:31:18,100 --> 00:31:21,870 It doesn't matter. You know why we keep winning? 587 00:31:23,790 --> 00:31:25,270 I was like. I don't. 588 00:31:25,330 --> 00:31:28,380 I don't think that. He's been coming for it for a 589 00:31:28,390 --> 00:31:30,600 long time, right? Like, who else is he actually 590 00:31:30,610 --> 00:31:32,840 gonna file a lawsuit against? What is he gonna do, bro? 591 00:31:32,850 --> 00:31:35,760 Lady like Lady Captain America AKA Brian Armstrong. 592 00:31:35,770 --> 00:31:39,080 Is whipping him out. Right now based finance Kracken, 593 00:31:39,210 --> 00:31:42,910 DCG, Genesis, every single D5 protocol that's ever faced the 594 00:31:42,920 --> 00:31:44,160 US. Who else? 595 00:31:44,170 --> 00:31:46,160 Who else is he? Is he going after Satoshi? 596 00:31:46,170 --> 00:31:48,180 Is is that next Satoshi gets one? 597 00:31:49,590 --> 00:31:52,390 Someone's approaching $1,000,000 to docks him. 598 00:31:52,440 --> 00:31:59,660 Yeah, I've heard about that too. This is the new OSF intro song. 599 00:32:02,310 --> 00:32:06,100 I I have to run because I got over run to school and teach 600 00:32:06,110 --> 00:32:09,300 children about how they need to be ready for financial freedom 601 00:32:09,310 --> 00:32:12,680 good by investing in crypto. But OV, when you're ready to 602 00:32:12,690 --> 00:32:15,550 come back, I have to just fly to London and slap you in the face 603 00:32:15,560 --> 00:32:16,460 because. What happened? 604 00:32:16,470 --> 00:32:19,040 Was when you got, when you were boxing. 605 00:32:19,050 --> 00:32:20,840 He hit. You won too many times. 606 00:32:20,890 --> 00:32:23,510 I say like rattled brains. We need to get you back in the 607 00:32:23,520 --> 00:32:25,140 ring. Rattle your brain. 608 00:32:25,150 --> 00:32:28,520 Back because like. This is like like this is it? 609 00:32:28,590 --> 00:32:32,020 This is the momentous occasion you were living in history. 610 00:32:32,160 --> 00:32:35,440 All of us, right now this week is an historical mando tell him, 611 00:32:35,450 --> 00:32:37,190 Explain this to him. Remind. 612 00:32:37,200 --> 00:32:40,770 Him saying Did you see the see Chamath over the over on Friday 613 00:32:42,300 --> 00:32:47,060 this podcast in the world he he was on there I mean these guys 614 00:32:47,070 --> 00:32:51,400 back have gone back and forth on crypto a while it's it's three 615 00:32:51,410 --> 00:32:53,820 of them who are smart and then one of them who isn't. 616 00:32:54,040 --> 00:32:55,880 Two or smart one. More on. 617 00:32:57,830 --> 00:33:01,720 And you know who's. IS is arguably one of the 618 00:33:01,730 --> 00:33:04,490 smarter ones, although he had a bad period with Spacs. 619 00:33:04,840 --> 00:33:06,450 But yeah, that's just what he had to say. 620 00:33:06,660 --> 00:33:08,230 This is the most important year for Bitcoin. 621 00:33:08,580 --> 00:33:10,150 Hold on. That has ever. 622 00:33:10,200 --> 00:33:14,540 Existed we are probably look at. Jason's Blake from. 623 00:33:15,110 --> 00:33:18,160 About about Bitcoin, for some reason the video audio is not 624 00:33:18,170 --> 00:33:22,580 playing, so this may be yeah, you know what it is. 625 00:33:22,630 --> 00:33:24,790 I didn't. I forgot to set my permissions 626 00:33:24,800 --> 00:33:27,540 when I swapped on your computer. So we can't play the the audio 627 00:33:27,550 --> 00:33:29,400 right now basically. I can do. 628 00:33:29,490 --> 00:33:31,430 It if you want. Yeah, you don't know. 629 00:33:32,490 --> 00:33:35,760 Has been in Bitcoin since very early, right? 630 00:33:35,770 --> 00:33:44,630 Like he was in it from like 2014 thousand 15 I think and he's 631 00:33:44,640 --> 00:33:47,210 always kind of said you know that there was a feature for it, 632 00:33:47,220 --> 00:33:50,000 but then during the bear market they basically never spoke about 633 00:33:50,010 --> 00:33:52,380 it. Jason on the podcasters has 634 00:33:53,170 --> 00:33:56,700 always hated it, particularly because I think he probably did 635 00:33:56,710 --> 00:34:00,920 some VC investments during the peak of the bull and just got 636 00:34:00,930 --> 00:34:04,410 caught out with them. Can you hear this? 637 00:34:04,880 --> 00:34:06,110 Being approved. Most. 638 00:34:06,120 --> 00:34:11,199 Important, let me tell you. That has ever existed are 639 00:34:11,210 --> 00:34:17,179 probably days away from a series of ETFs being approved. 640 00:34:18,080 --> 00:34:22,940 And so this is the moment for Bitcoin to to use that old term 641 00:34:22,949 --> 00:34:28,440 cross the chasm and really seeing mainstream adoption where 642 00:34:28,449 --> 00:34:34,210 our parents and our grandparents understand what it is, can buy 643 00:34:34,219 --> 00:34:39,080 it and then do buy it. And I think that if all of this 644 00:34:39,090 --> 00:34:42,460 comes to pass, Bitcoin will be a part of the traditional 645 00:34:42,570 --> 00:34:45,000 financial lexicon by the end of 2024. 646 00:34:45,050 --> 00:34:47,960 So that is my most anticipated trend of the year. 647 00:34:49,090 --> 00:34:52,400 Wow, so small. He's straight back into it. 648 00:34:52,830 --> 00:34:54,440 Obviously they had some. They were. 649 00:34:54,510 --> 00:34:56,960 They didn't invest in a few things like they famously were 650 00:34:56,969 --> 00:35:00,600 on the podcast dumping Solana on retail, which they got a lot of, 651 00:35:00,750 --> 00:35:03,030 a lot of shit for. But. 652 00:35:03,610 --> 00:35:06,660 I think that David came clean about that and they really do 653 00:35:06,670 --> 00:35:09,640 that right or they did. They did. 654 00:35:09,740 --> 00:35:11,930 It was not too happy about me tagging him on Twitter the other 655 00:35:11,940 --> 00:35:14,870 day. But but Chamakh, yeah, he's 656 00:35:14,880 --> 00:35:16,540 always been a bit of a bitcoiner. 657 00:35:16,670 --> 00:35:19,500 And yeah he's he's he's that's his biggest call for the year 658 00:35:19,770 --> 00:35:21,860 for that podcast. Ohh they feel like big calls at 659 00:35:21,870 --> 00:35:24,280 the start of the year. So yeah, be interesting to see 660 00:35:24,350 --> 00:35:28,210 if that if that works out, but it it does feel like there is a 661 00:35:28,220 --> 00:35:33,760 non zero chance, I would say like a 5% chance that you see a 662 00:35:33,770 --> 00:35:39,540 really parabolic move here, like the crazy predictions of 500 K 663 00:35:39,550 --> 00:35:43,330 like all that sort of Bitcoin, like there is a non zero chance 664 00:35:43,340 --> 00:35:45,920 that you see like a 10X in Bitcoin here. 665 00:35:45,970 --> 00:35:50,350 It's a $600 billion market cap or 700 billion. 666 00:35:50,360 --> 00:35:52,390 Like, could that go to 7 trillion? 667 00:35:52,400 --> 00:35:57,250 I mean global assets are around 400 trillion to put it in 668 00:35:57,260 --> 00:36:01,520 perspective that includes like a lot of real estate and and let's 669 00:36:01,530 --> 00:36:06,430 say non traditional assets but in that ballpark, so 4 trillion. 670 00:36:06,700 --> 00:36:11,270 I mean that's a medium sized financial market like sector. 671 00:36:11,340 --> 00:36:14,980 I would say if if, if it got to that sort of level, it would 672 00:36:14,990 --> 00:36:20,300 make it the most valuable asset I think in the world by market 673 00:36:20,310 --> 00:36:22,520 cap. But at the same time as an asset 674 00:36:22,530 --> 00:36:25,700 class, it would still be pretty small compared to like the US 675 00:36:25,710 --> 00:36:29,230 stock market which is in the 10s of trillions, I think 30 or 3040 676 00:36:29,240 --> 00:36:31,330 depending on on on how many stocks you include. 677 00:36:31,340 --> 00:36:34,300 And then you have like the bond markets are in the hundreds of 678 00:36:34,310 --> 00:36:38,250 trillions. So yeah, it could it do a 10X? 679 00:36:38,260 --> 00:36:41,270 Could we could we see like a 500K Bitcoin here? 680 00:36:41,400 --> 00:36:43,150 Maybe I'm not. I'm not. 681 00:36:43,160 --> 00:36:45,770 There is an outside chance that you see something crazy happen 682 00:36:45,780 --> 00:36:49,450 with adoption. Yeah, I mean, it's it's really 683 00:36:49,460 --> 00:36:50,590 exciting. I mean, when when you have two 684 00:36:50,600 --> 00:36:53,470 months saying that he's expecting, you know, Bitcoin to 685 00:36:53,480 --> 00:36:56,970 be fully in the financial lexicon by the end of 2024, 686 00:36:56,980 --> 00:36:58,790 those are small now, regardless of what people think of 687 00:36:58,800 --> 00:37:01,230 Hamilton, like his back era and whatnot. 688 00:37:01,300 --> 00:37:03,810 Which back did you guys lose? Lose money on I lost money on 689 00:37:03,820 --> 00:37:06,440 club. I was convinced that it was the 690 00:37:06,450 --> 00:37:12,190 future of of health and. Yeah, that's great. 691 00:37:12,540 --> 00:37:14,120 I lost my own club. It's OK. 692 00:37:14,210 --> 00:37:16,090 It was not. In the arena. 693 00:37:16,100 --> 00:37:18,070 That's the famous in the arena line. 694 00:37:18,470 --> 00:37:21,200 We are literally in the arena, all of us, every day. 695 00:37:21,210 --> 00:37:22,830 You know, doing things, trying things. 696 00:37:22,840 --> 00:37:24,520 You know where where you are, you are. 697 00:37:24,770 --> 00:37:28,960 The man in the arena anyways, so that's I think, I think this. 698 00:37:29,070 --> 00:37:31,460 I didn't even realise it's 11:15. 699 00:37:31,970 --> 00:37:35,260 Talking about this stuff for so long anyway, so it looks like. 700 00:37:35,510 --> 00:37:37,180 I don't know if we got some more updates. 701 00:37:37,190 --> 00:37:39,170 I mean it's like. Updates are raining in right 702 00:37:39,180 --> 00:37:40,420 now. You gotta be careful also with 703 00:37:40,430 --> 00:37:46,440 all this, like you know it's just raining news right now. 704 00:37:46,450 --> 00:37:49,290 It's pretty crazy. You have Pentoshi weighing in on 705 00:37:49,300 --> 00:37:52,150 the Gary Ginzer tweet saying and so many people thought the BCTF 706 00:37:52,160 --> 00:37:54,780 wasn't coming and continue to expect denials despite the fact 707 00:37:54,790 --> 00:37:56,650 that every sign pointed towards this coming. 708 00:37:58,190 --> 00:38:03,440 And then you have also something that I saw from what is it 709 00:38:03,450 --> 00:38:05,960 Walter Bloomberg here that that's the one guy saying 710 00:38:06,050 --> 00:38:09,020 looking like Wednesday now for Bitcoin ETF decision expected to 711 00:38:09,030 --> 00:38:11,460 be approved per Kate Rooney on CNBC. 712 00:38:11,470 --> 00:38:16,500 So we know that Thursday's show is going to be a banger uh, with 713 00:38:16,510 --> 00:38:20,030 the with the Fox business correspondent here on the show. 714 00:38:20,180 --> 00:38:22,170 So that's about it. On the market talk, I'm sorry, 715 00:38:22,180 --> 00:38:24,180 y'all that's heavy market, but it's probably gonna be heavy 716 00:38:24,190 --> 00:38:26,610 market all week long because that is literally everything 717 00:38:26,620 --> 00:38:27,900 people want to talk about and hear about. 718 00:38:27,910 --> 00:38:31,200 But this is probably good for all our you know, corns and 719 00:38:31,210 --> 00:38:34,640 lunches quickly we didn't talk about we we went quickly into 720 00:38:34,650 --> 00:38:37,780 the alts conversation. You know there was some major 721 00:38:37,790 --> 00:38:42,060 dips across the board last night Eastern Standard Time a lot of 722 00:38:42,070 --> 00:38:45,400 the major ones just like lost a lot went down a lot and so on. 723 00:38:45,410 --> 00:38:48,150 I think bottom around 85 dollars like you were saying earlier 724 00:38:48,220 --> 00:38:51,840 saying the 60s and the the usual suspects also were all done 725 00:38:51,850 --> 00:38:54,710 between 15 to 30 points. I think link was down a lot file 726 00:38:54,720 --> 00:38:58,640 coin other big runners from from the from the run up expecting 727 00:38:58,650 --> 00:39:01,030 some strong Bitcoin dominance. When you guys expect to see some 728 00:39:01,040 --> 00:39:03,990 sort of like, uh some sort of rebound in the altcoins, are we 729 00:39:04,550 --> 00:39:06,970 are we bound to really obviously bitcoins? 730 00:39:06,980 --> 00:39:09,210 You know, running the narrative for all crypto right now And 731 00:39:09,520 --> 00:39:12,110 from one of the research and read about like previous cycles, 732 00:39:12,120 --> 00:39:14,270 it always starts with heavy Bitcoin dominance with all 733 00:39:14,280 --> 00:39:17,170 getting crashed and then like some followed up by all catching 734 00:39:17,180 --> 00:39:18,490 up. But what do you think though you 735 00:39:18,500 --> 00:39:20,470 seem to you seem to. Have you made a face here? 736 00:39:20,480 --> 00:39:22,440 Like what? You don't think this is similar 737 00:39:22,450 --> 00:39:23,760 to? The reason why I think this is 738 00:39:23,770 --> 00:39:28,180 different is because this is Bitcoin specific flows. 739 00:39:28,250 --> 00:39:31,440 So like would I be surprised if Bitcoin dominance went to 60% 740 00:39:31,490 --> 00:39:33,480 for the next couple of months? No. 741 00:39:33,730 --> 00:39:36,900 Like there's you're going to see Bitcoin specific flows come in. 742 00:39:37,740 --> 00:39:39,720 Do you think that you could see that eventually catch up, but 743 00:39:39,730 --> 00:39:42,700 there could be a period here where people continue to FOMO 744 00:39:42,710 --> 00:39:44,890 into Bitcoin and they realise they're all coins aren't going 745 00:39:44,900 --> 00:39:47,470 to be like the best risk risk asset there was. 746 00:39:47,480 --> 00:39:49,770 There was definitely possibility that that happens. 747 00:39:49,780 --> 00:39:52,210 I don't think this is just like we're going to see old coins 748 00:39:52,220 --> 00:39:56,090 catch up with Bitcoin dominance could stay elevated for a while. 749 00:39:56,420 --> 00:40:00,310 There's again, that's a very, very real possibility here. 750 00:40:01,500 --> 00:40:04,320 Yeah if it if down the line you start to see a you know as the 751 00:40:04,360 --> 00:40:10,560 Bloomberg ETF guys at ten $20 billion ETF form over the next 752 00:40:10,890 --> 00:40:13,700 over the next couple of months. Yeah that's that's Bitcoin 753 00:40:13,710 --> 00:40:17,400 specific but yeah then then I can imagine you're seeing an old 754 00:40:17,410 --> 00:40:20,180 catch up. So I think playing the alt is 755 00:40:20,230 --> 00:40:24,240 good in terms of maybe risk reward here for because like 756 00:40:24,250 --> 00:40:26,440 some of the top ones because they're down. 757 00:40:26,790 --> 00:40:29,360 I mean I'm looking, I'm looking on like Coin Market cap, a lot 758 00:40:29,370 --> 00:40:32,480 of these are down like 3040% just in the last just last 759 00:40:32,490 --> 00:40:36,820 month, right. So some of the top ones, yeah, 760 00:40:36,830 --> 00:40:41,260 can you, I think you can you can start to level into but I don't 761 00:40:41,270 --> 00:40:44,840 know if you you can expect that trade to just like reverse in 762 00:40:44,850 --> 00:40:46,590 the next week. No. 763 00:40:47,340 --> 00:40:50,960 That, that that may be. What do you think? 764 00:40:50,970 --> 00:40:54,620 Of yeah, I don't know. I think I agree that Bitcoin 765 00:40:54,630 --> 00:40:57,340 dominance is likely to go up. It probably goes up this week. 766 00:40:58,460 --> 00:41:04,120 I think the way that I view it is when when the market is 767 00:41:04,130 --> 00:41:06,890 rallying and when it's risk on, I think Bitcoin dominance will 768 00:41:06,900 --> 00:41:10,480 drop because I do think you'll see the the way that I view it 769 00:41:10,530 --> 00:41:13,380 is that that every non crypto person is going to be fucking 770 00:41:13,430 --> 00:41:15,830 buying Bitcoin ETF and that's going to be going high and all 771 00:41:15,840 --> 00:41:17,260 the flows going to be coming in there. 772 00:41:18,090 --> 00:41:21,840 But then remember there is already a lot of crypto native 773 00:41:22,130 --> 00:41:25,960 capital that exists and I think all those guys are gonna be like 774 00:41:25,970 --> 00:41:30,080 fucking buying 8 so other roles and stuff like that. 775 00:41:30,090 --> 00:41:33,690 So I do think when the market is risk on, I think people will 776 00:41:33,740 --> 00:41:35,520 actually pile into alts very aggressively. 777 00:41:35,560 --> 00:41:37,050 I think we'll have a bit of a delay. 778 00:41:38,570 --> 00:41:40,620 Londoners goes up fast, but I think people were very 779 00:41:40,630 --> 00:41:43,850 aggressively buy alts and I think when the market sells off, 780 00:41:44,140 --> 00:41:45,370 alts will actually sell off quite a lot. 781 00:41:45,380 --> 00:41:49,170 But Bitcoin will stay strong and and I think that's the way that 782 00:41:49,180 --> 00:41:51,890 I view it. I think you know Bitcoin is 783 00:41:51,900 --> 00:41:54,050 going to start to lose volatility because it's going to 784 00:41:54,060 --> 00:41:58,510 have effectively a lot more flow than it ever has had and it's 785 00:41:58,520 --> 00:42:00,040 gonna have a lot more demand. It's going to lose a lot of 786 00:42:00,050 --> 00:42:02,830 volatility but the volatility will remain and also everything 787 00:42:02,840 --> 00:42:06,920 else. But I just, I think I I struggle 788 00:42:06,930 --> 00:42:10,400 to see like a a multi week period where Bitcoin goes to 789 00:42:10,410 --> 00:42:14,850 like 70K and dominance goes to like 60% and adults just don't 790 00:42:14,860 --> 00:42:16,840 do anything. Like I just think there's too 791 00:42:16,850 --> 00:42:18,800 many people who are going to be like you know what, fuck it like 792 00:42:18,840 --> 00:42:20,420 this happened, Bitcoin, I'm gonna buy ether. 793 00:42:20,430 --> 00:42:24,160 That's why I'm getting my soul Now I think retail is a big part 794 00:42:24,170 --> 00:42:27,660 of mark the market momentum and there's a lot of VC's, a lot of 795 00:42:27,670 --> 00:42:29,530 crypto hedge funds and all those guys I think will be doing the 796 00:42:29,540 --> 00:42:32,230 same thing. So right now the big trade has 797 00:42:32,240 --> 00:42:35,970 been Bitcoin. And I think the next big, I 798 00:42:35,980 --> 00:42:37,650 still think the next big trade will be ETH. 799 00:42:37,660 --> 00:42:40,850 Because if that Bitcoin ETF is so successful and brings in a 800 00:42:40,860 --> 00:42:44,190 lot of flow and volume, all these and all these fucking 801 00:42:44,200 --> 00:42:46,990 traffic guys are making so much money on it on fees, they're 802 00:42:47,000 --> 00:42:49,480 going to be OK let's let's get to see ETF out as soon as 803 00:42:49,490 --> 00:42:51,210 possible. And so we can start making money 804 00:42:51,220 --> 00:42:53,170 on that. And that's where the next chunk 805 00:42:53,180 --> 00:42:55,210 of flow will come. And I think that's where like 806 00:42:55,260 --> 00:42:57,410 these big, there's obviously like big like Bitcoin, only 807 00:42:57,420 --> 00:43:00,220 people who just own Bitcoin, who are like big macro guys and 808 00:43:00,230 --> 00:43:02,910 institutional guys and do you really believe you'll see like a 809 00:43:02,920 --> 00:43:06,220 rotation that Bitcoin into earth after this ETF is approved? 810 00:43:06,470 --> 00:43:10,440 And I think also abated to it, But why wouldn't you like, why 811 00:43:10,450 --> 00:43:13,190 would why would someone not rotate to ease from Bitcoin? 812 00:43:13,200 --> 00:43:15,900 Because there's so many different narratives to rotate 813 00:43:15,910 --> 00:43:17,280 into that probably will outperform. 814 00:43:17,290 --> 00:43:20,000 If you're if you're someone who just bought Bitcoin for the ETF 815 00:43:20,010 --> 00:43:23,570 approval, why would you not now swap your Bitcoin to ETH the ETF 816 00:43:23,580 --> 00:43:24,400 approval? Why? 817 00:43:24,410 --> 00:43:27,110 Because the whole into Bitcoin and also have alts. 818 00:43:28,220 --> 00:43:30,390 But you like this. I think there's so much money 819 00:43:30,400 --> 00:43:34,590 that's in Bitcoin, not because of ordinals, not because of UDI 820 00:43:34,600 --> 00:43:38,340 or fucking Lightning Network. Whatever it is, people, people 821 00:43:38,350 --> 00:43:40,630 are in Bitcoin and Bitcoin's done very well for this 822 00:43:40,640 --> 00:43:42,370 approval. Like that's why it's 823 00:43:42,380 --> 00:43:44,650 outperformed everything for for a few months. 824 00:43:44,660 --> 00:43:48,210 So I just don't understand why if you're in it for that, why 825 00:43:48,220 --> 00:43:52,070 you wouldn't rotate to ETH which is higher beta has a very high 826 00:43:52,080 --> 00:43:54,780 likelihood of being approved as we found out when we had Eric on 827 00:43:54,790 --> 00:43:57,970 the show last week and would be the next near term narrative in 828 00:43:57,980 --> 00:44:01,500 in less than six months. There's no reason why you. 829 00:44:01,510 --> 00:44:05,090 Wouldn't do that. I I kind of feel like that's 830 00:44:06,560 --> 00:44:09,840 maybe maybe like it's not like that's not been clear for a 831 00:44:09,850 --> 00:44:13,040 while now and it's still hasn't really happened so but part of 832 00:44:13,050 --> 00:44:14,780 me thinks is post. Approval and I think. 833 00:44:15,590 --> 00:44:18,500 Part of me, part of me thinks that, yeah, it's this is what a 834 00:44:18,510 --> 00:44:21,180 lot of people are holding on to. It may happen, it may not 835 00:44:21,190 --> 00:44:22,480 happen. I don't think it's like a sure 836 00:44:22,490 --> 00:44:23,760 fire thing. I actually don't know what 837 00:44:23,770 --> 00:44:26,870 happens for the next few months. Like it really depends on what 838 00:44:26,880 --> 00:44:29,420 we see for the flows. I do think that if Bitcoin ETF 839 00:44:29,430 --> 00:44:32,880 flows are strong, people will make some wild predictions for 840 00:44:32,890 --> 00:44:35,440 ETF flows. So I can imagine that being that 841 00:44:35,450 --> 00:44:40,820 being like a, that being a more aggressive trade at the same 842 00:44:40,830 --> 00:44:45,730 time like honest, there's not a lot of faith I feel like right 843 00:44:45,740 --> 00:44:51,000 now and that you like it's kind of lost that trust of a pump. 844 00:44:51,050 --> 00:44:54,360 So maybe that's a great period, but also to make same time like 845 00:44:54,370 --> 00:44:58,110 if I want to be a bit more D Jen like they used to be a period 846 00:44:58,120 --> 00:45:01,830 like where if used to just leave the market day after day after 847 00:45:01,840 --> 00:45:03,610 day after day. You know, like I remember that 848 00:45:03,620 --> 00:45:06,470 from previous cycles and that hasn't happened I think for 849 00:45:06,480 --> 00:45:12,690 about well 2 1/2 years really like it was 2021's, maybe the 850 00:45:12,700 --> 00:45:17,110 first half of 22 briefly like it, it hasn't happened. 851 00:45:17,500 --> 00:45:20,950 And I feel as though we need a period like that for people to 852 00:45:20,960 --> 00:45:24,350 really get get on board with it. But every every time it like 853 00:45:24,360 --> 00:45:25,810 breaks out and gets smashed down. 854 00:45:25,820 --> 00:45:29,130 So I don't think he is obvious is just like Ohh easy has to 855 00:45:29,140 --> 00:45:31,730 prove he's suddenly now outperforms the market. 856 00:45:31,740 --> 00:45:36,130 I just don't think it has that, that faith that it used to have. 857 00:45:36,140 --> 00:45:38,040 So I think it's gonna be a little bit more time for that to 858 00:45:38,050 --> 00:45:42,330 come back. I think, um, it's definitely, I 859 00:45:42,340 --> 00:45:44,720 agree with that. But I think, you know, over time 860 00:45:44,730 --> 00:45:46,890 assets lose. That thing like Solana was stuck 861 00:45:46,900 --> 00:45:48,860 in the mud for a long time until it broke out. 862 00:45:48,930 --> 00:45:53,200 Eventually things break out and to me this is a clear Now it's 863 00:45:53,210 --> 00:45:56,040 almost like I think you, I think you said it right. 864 00:45:56,050 --> 00:45:58,980 It's almost like it's too obvious and I think because it 865 00:45:58,990 --> 00:46:00,670 feels too obvious, no one wants to play it. 866 00:46:01,680 --> 00:46:05,270 But I do think in a month or Two's time, people gonna look 867 00:46:05,280 --> 00:46:06,530 back and think that was so obvious. 868 00:46:06,540 --> 00:46:07,960 Why didn't I do that like I think? 869 00:46:07,970 --> 00:46:11,160 It's one, yeah. I think, I think like if I were 870 00:46:11,170 --> 00:46:14,320 to trade on a small stack, which I'm assuming most people 871 00:46:14,330 --> 00:46:16,500 listening are like there's hundreds of people listening. 872 00:46:17,610 --> 00:46:24,760 I play the Ethereum ecosystem like an arbitrium or an optimism 873 00:46:25,970 --> 00:46:30,500 with very, very, very small stock towards like other maybe 874 00:46:30,510 --> 00:46:33,640 on like the other ecosystem coins of East that are like more 875 00:46:33,650 --> 00:46:36,450 higher risk like the, you know, the usual need coins and stuff. 876 00:46:36,890 --> 00:46:39,280 But the ecosystem seems like it's going to do so well like 877 00:46:39,510 --> 00:46:45,590 like you have you have like light oh like you know OP that 878 00:46:45,640 --> 00:46:48,410 like perform like crazy. Arbitrium and OP are really the 879 00:46:48,420 --> 00:46:51,450 two that are going to also win The biggest I think from the EIP 880 00:46:51,460 --> 00:46:56,270 what is it 4844 is that is it 4844 the that that they're like 881 00:46:56,280 --> 00:46:58,970 the biggest like these two are like to me after seeing like 882 00:46:58,980 --> 00:47:01,030 their price action over the last few weeks like Arbitrium going 883 00:47:01,040 --> 00:47:04,190 to all time highs with 2.1 and optimism smashing $4.00. 884 00:47:04,460 --> 00:47:07,780 And also like both some extremely involved in actively 885 00:47:07,790 --> 00:47:11,150 investing in culture like crypto and FT web three culture that we 886 00:47:11,160 --> 00:47:13,810 know for fact, right. So I think these two could be a 887 00:47:13,820 --> 00:47:15,330 win for us. We're like when I go like fully 888 00:47:15,340 --> 00:47:16,840 like hey no that's not the rotation. 889 00:47:16,850 --> 00:47:18,640 I'm obviously kidding I'll be with you but I just want people 890 00:47:18,650 --> 00:47:20,490 to know that. But like, it's it's definitely, 891 00:47:20,580 --> 00:47:23,490 it's definitely a solid, like, narrative, like there's gonna be 892 00:47:23,500 --> 00:47:25,710 a point in time. Thing like that's one thing I 893 00:47:25,720 --> 00:47:30,320 would ask like if ecosystem pumps, I know everyone's in it 894 00:47:30,330 --> 00:47:32,530 for the price, but like that actually just proves the success 895 00:47:32,540 --> 00:47:35,190 of it. At the same time like there was 896 00:47:35,300 --> 00:47:37,430 someone actually said something very similar which is like what 897 00:47:37,440 --> 00:47:40,970 happened with Cosmos where all the different Cosmos assists and 898 00:47:40,980 --> 00:47:45,550 stuff like tea for example ripped um injective has has gone 899 00:47:45,560 --> 00:47:48,590 up very high like a lot of people getting a Berry blush to 900 00:47:48,600 --> 00:47:52,330 some of the like the Cosmos chains out there but Cosmos 901 00:47:52,340 --> 00:47:56,000 itself Atom hasn't really moved. So like yeah you obviously have 902 00:47:56,010 --> 00:47:58,070 the upgrade which can be very very badly for L twos. 903 00:47:58,140 --> 00:48:02,050 You have to restating narrative which is getting people very 904 00:48:02,060 --> 00:48:07,680 bullish on the the big like L1. Well like the the first taking 905 00:48:08,440 --> 00:48:11,870 protocols like Lido, like if you can put all your Lido assets 906 00:48:11,880 --> 00:48:14,110 into region layer or Egan layer whatever. 907 00:48:14,250 --> 00:48:17,040 Dude, that's gonna be insane. And then you can get super 908 00:48:17,050 --> 00:48:19,120 bullish and people get very bullish on that sort of stuff. 909 00:48:19,130 --> 00:48:24,230 So that's kind of a that is actually a smart way to look at 910 00:48:24,240 --> 00:48:27,110 it. Yes, he gets criticised because 911 00:48:27,160 --> 00:48:30,630 it's it has pockets of liquidity in different places but that 912 00:48:30,640 --> 00:48:33,510 doesn't mean that each of those pockets couldn't pump here like 913 00:48:33,520 --> 00:48:37,850 could I see Lido do like a two or three X yeah could could I 914 00:48:37,860 --> 00:48:42,330 see a bunch of other of those of those narratives move? 915 00:48:42,340 --> 00:48:45,760 I think you could. So I think I agree with with 916 00:48:45,770 --> 00:48:48,950 that as well. I think if if it does have a run 917 00:48:49,460 --> 00:48:53,830 that's say goes to like OK, I reckon what you really see rip 918 00:48:53,840 --> 00:48:55,730 there would be. The. 919 00:48:56,580 --> 00:49:00,390 Ecosystem stuff. Yeah, yeah, there's absolutely 920 00:49:00,400 --> 00:49:06,290 gonna in that situation. And also like it's hard to find 921 00:49:06,300 --> 00:49:07,770 Bitcoin better. Like I know there are some 922 00:49:07,780 --> 00:49:12,050 things within like the originals meanwhile maybe and like there's 923 00:49:12,060 --> 00:49:14,760 something it's not you don't really have like Bitcoin beta 924 00:49:14,770 --> 00:49:18,360 the way that you have ETA W you very obviously have L2 tokens 925 00:49:18,370 --> 00:49:19,640 and stuff. But yeah, like that. 926 00:49:21,290 --> 00:49:23,620 Stop the trade. Taxes, taxes. 927 00:49:23,630 --> 00:49:26,260 Back Stack is one of the top daily gainers today, right? 928 00:49:27,030 --> 00:49:28,200 Right now in stacked. Yeah. 929 00:49:28,210 --> 00:49:31,070 And then you have of course, like, I mean obviously like I've 930 00:49:31,080 --> 00:49:33,180 been that's why I've been piling into it, Mando, because of you 931 00:49:33,190 --> 00:49:35,140 have been talking about it too. But like you know already that's 932 00:49:35,150 --> 00:49:37,580 been like the like meme coin also on Bitcoin and they have 933 00:49:37,590 --> 00:49:40,610 like a bunch of others on like on stacks and also on like 934 00:49:40,620 --> 00:49:42,920 Counterparty and whatnot. So like, I mean it was really 935 00:49:42,930 --> 00:49:45,340 Andrew Kang last night that like having like all he had up about 936 00:49:45,350 --> 00:49:47,420 that was my day by personally last night when I was tweeting 937 00:49:47,430 --> 00:49:49,930 about buying dips like that's what I did. 938 00:49:49,940 --> 00:49:52,950 But he tweeted yesterday saying there is no potentially have 939 00:49:52,960 --> 00:49:54,850 proven over the weekend to punish bears. 940 00:49:55,790 --> 00:49:58,770 Also draining BTC USD would not be surprising. 941 00:49:58,780 --> 00:50:01,340 Then goes nice we can flush long Bitcoin and already into 942 00:50:01,350 --> 00:50:03,280 approval now. So that's what like Root Kang is 943 00:50:03,290 --> 00:50:05,080 putting into. It's like there is some Espada, 944 00:50:05,090 --> 00:50:07,490 but Bitcoin is not that many and it's. 945 00:50:07,500 --> 00:50:11,050 Mostly post it when he posted it gets you fired up when I say it 946 00:50:11,060 --> 00:50:11,500 in the. Chat. 947 00:50:11,510 --> 00:50:14,200 Actually fired up my biggest clip before because of you. 948 00:50:14,490 --> 00:50:17,160 Mind you, and yesterday I actually found a price to 949 00:50:17,170 --> 00:50:19,840 average down. I'm very proud of myself not 950 00:50:19,850 --> 00:50:22,020 only tweeting about buying this but actually doing it. 951 00:50:22,090 --> 00:50:24,950 So so those are like, you know, I did. 952 00:50:24,960 --> 00:50:27,010 I I also like last night just funny. 953 00:50:27,020 --> 00:50:28,880 Like, dude, last night you guys should you guys would have like 954 00:50:28,890 --> 00:50:31,310 what the hell Like everyone was so bearish on the timeline. 955 00:50:31,320 --> 00:50:34,170 Like so I was in 85 and you had like people writing threads 956 00:50:34,180 --> 00:50:36,690 about Solana being like a scam and going to 0 again. 957 00:50:36,700 --> 00:50:38,870 Like dude, like it's so crazy to me. 958 00:50:38,880 --> 00:50:41,310 And then like you made me look at the seven day percentages 959 00:50:41,320 --> 00:50:44,010 right now man on the show so long as down 10 points in seven 960 00:50:44,020 --> 00:50:46,230 days bro, it just ran like 1000%. 961 00:50:46,320 --> 00:50:50,430 Like I'd Peaky was up 1400% And you out here like fighting on 962 00:50:50,440 --> 00:50:53,410 the 10% like drawback like it's just wild. 963 00:50:54,060 --> 00:50:56,990 Well, you you can see on the timeline sometimes when this 964 00:50:57,000 --> 00:51:00,250 happens and I think that. But what I said was completely 965 00:51:00,260 --> 00:51:03,990 right. To be clear, remember when 966 00:51:04,000 --> 00:51:06,710 Solana was at 1:20 he was like look the risk reward here in. 967 00:51:06,720 --> 00:51:11,680 Each 100%. Everything went lower kind of 968 00:51:11,690 --> 00:51:13,940 movement. So did all the other alts, but 969 00:51:13,950 --> 00:51:18,720 yeah, I do think that that relationship after a 30% move is 970 00:51:18,730 --> 00:51:22,160 slightly different And you last. Night you had one earth back to 971 00:51:22,170 --> 00:51:26,700 25 soul at the really like when it was really get starting to 972 00:51:26,710 --> 00:51:29,460 like hit the fan because ETH wasn't aggressively dumping like 973 00:51:29,470 --> 00:51:33,220 the rest of the market. And that's like, I know a lot of 974 00:51:33,230 --> 00:51:36,960 people are probably waiting for that one to 30 to 1 mark on 975 00:51:36,970 --> 00:51:40,930 solid, but it's you would really need like ether red because 976 00:51:40,940 --> 00:51:43,500 someone seems to be holding that you know that line pretty, 977 00:51:43,590 --> 00:51:47,200 pretty well up there. But yes, like he says, way many 978 00:51:47,270 --> 00:51:48,150 much more. Narrative. 979 00:51:48,450 --> 00:51:52,240 I also know this from previous, like previous cycles, or the 980 00:51:52,290 --> 00:51:55,460 last cycle at least is that this is also where that glamorous 981 00:51:55,470 --> 00:51:57,740 narrative that just like kept them going higher and higher and 982 00:51:57,750 --> 00:51:59,440 higher. This is where stuff gets tested 983 00:51:59,450 --> 00:52:01,380 from. Like a ohh shit is actually 984 00:52:01,390 --> 00:52:03,640 anyone there with me? Like using? 985 00:52:03,650 --> 00:52:05,960 Anything. There's a lot of hollow 986 00:52:06,010 --> 00:52:08,740 protocols, a lot of hollow hype here. 987 00:52:08,790 --> 00:52:14,680 So I'd be very, very wary buying dips still in alts where it's 988 00:52:14,690 --> 00:52:18,030 still just a promise because that stuff is still pretty high 989 00:52:18,040 --> 00:52:21,070 in terms of valuation here. And I I think yeah I think 990 00:52:21,080 --> 00:52:25,660 airdrops might sustain that for a while but I I would still be 991 00:52:25,670 --> 00:52:27,870 wary on on like which alt you're going to buy. 992 00:52:27,880 --> 00:52:29,950 Like if you are going to catch the knife in Bitcoin versus 993 00:52:29,960 --> 00:52:34,030 alts. I would still stick to in my 994 00:52:34,040 --> 00:52:36,370 eyes some of the some of there were some old which are getting 995 00:52:36,380 --> 00:52:38,960 used massive amounts particularly some of the ET 5 996 00:52:38,970 --> 00:52:41,830 ones and like some of the ecosystem ones we've already 997 00:52:41,840 --> 00:52:45,290 spoken about and there's some there are some there ones like 998 00:52:45,300 --> 00:52:48,630 Solana maybe maybe Avalanche for certain extent. 999 00:52:48,640 --> 00:52:51,320 But there are a lot of a lot of them where it's just like, wow, 1000 00:52:51,330 --> 00:52:55,350 like this could go down a lot and we have to wait for them to 1001 00:52:55,360 --> 00:52:57,880 build out the whole pain before it then pumps again. 1002 00:52:58,700 --> 00:53:01,170 Yeah, is a famous, famous Warren Buffett quote. 1003 00:53:01,360 --> 00:53:03,730 Only when the tide goes out do you discover who's been swimming 1004 00:53:03,740 --> 00:53:05,630 naked. And I think that's very true of 1005 00:53:05,840 --> 00:53:08,470 everyone holding these bolts and stuff. 1006 00:53:08,480 --> 00:53:11,470 And it's like, it's great When you buy them, the price goes up. 1007 00:53:11,480 --> 00:53:13,770 When the price goes down, you're sitting there like, what the 1008 00:53:13,780 --> 00:53:16,320 fuck actually is this thing? That's when you know. 1009 00:53:16,330 --> 00:53:19,210 That's when people's resolve gets very tested and you often 1010 00:53:19,220 --> 00:53:20,520 find people bumping into stuff, so. 1011 00:53:21,630 --> 00:53:24,260 Yes, Sir. I guess we will. 1012 00:53:24,270 --> 00:53:26,980 See more of this and what happens in the time coming. 1013 00:53:26,990 --> 00:53:30,120 Yeah, listen, y'all we're not gonna get to the NFT part of the 1014 00:53:30,130 --> 00:53:32,600 show, but you know, understandably so. 1015 00:53:32,610 --> 00:53:34,660 I think this was a this was good enough for today. 1016 00:53:34,670 --> 00:53:37,740 I just thought we we we hit the hour, but we'll talk with 1017 00:53:37,750 --> 00:53:41,000 Dookie, we'll talk gas hero, we'll talk ordinals and golden 1018 00:53:41,010 --> 00:53:42,160 ratio. Tomorrow. 1019 00:53:42,350 --> 00:53:45,880 We'll make sure that we really hit that NFT market report so we 1020 00:53:45,890 --> 00:53:48,170 can give you guys a run on what's happening on Solana, on 1021 00:53:48,180 --> 00:53:53,150 Bitcoin or knows and of course on, on the Ethereum NFTS as well 1022 00:53:53,160 --> 00:53:55,230 because there's there's still a lot of, there's still a lot 1023 00:53:55,240 --> 00:53:58,810 going on across the board here. So as usual just a reminder, 1024 00:53:58,820 --> 00:54:01,300 make sure that you follow up for more hour on Instagram where 1025 00:54:01,310 --> 00:54:03,940 actually we we broadcast the show live on IG and we post 1026 00:54:03,950 --> 00:54:06,830 clips YouTube where we have our shorts on rugby videos YouTube 1027 00:54:06,840 --> 00:54:09,530 where we we broadcast live and of course on X. 1028 00:54:09,540 --> 00:54:13,690 So at from our FOMO you are and if you guys go to, if you all go 1029 00:54:13,700 --> 00:54:16,330 to the highlights both on my page and on some hours page, we 1030 00:54:16,340 --> 00:54:18,510 post the broadcast every day. We record this live. 1031 00:54:18,700 --> 00:54:21,510 We also have the replays for you all to be able to enjoy the show 1032 00:54:21,520 --> 00:54:24,390 both on video and on audio across every single platform. 1033 00:54:24,440 --> 00:54:27,350 We upload to Apple Music, Apple Podcasts, so we upload us to 1034 00:54:27,360 --> 00:54:29,630 Spotify so you can find us there and subscribe. 1035 00:54:29,640 --> 00:54:32,270 If you're on the audio side, listen in the car or if you want 1036 00:54:32,280 --> 00:54:36,010 to put this on your TV or on the side, you can put that on. 1037 00:54:36,080 --> 00:54:38,310 We are live every Monday to Friday at 10:30 AM Eastern 1038 00:54:38,320 --> 00:54:40,430 Standard Time to 11:30 AM Eastern Standard Time with 1039 00:54:40,440 --> 00:54:41,990 Bangor shows this week with NR 3. 1040 00:54:42,340 --> 00:54:45,980 Umm this uh this this Thursday and Udi Wertheimer on Friday. 1041 00:54:45,990 --> 00:54:47,730 And I'm mistaken. We actually have the CTO of 1042 00:54:47,740 --> 00:54:51,350 Ledger, our sponsors of the show coming on Wednesday. 1043 00:54:51,410 --> 00:54:53,470 Actually send me a good one because I'm curious to see where 1044 00:54:53,480 --> 00:54:55,310 we're at right now with Ledger and what happened over the 1045 00:54:55,320 --> 00:54:56,820 holidays. So it's gonna be a good update. 1046 00:54:56,830 --> 00:54:59,670 So Wednesday, CTO Ledger. Thursday we have the, you know, 1047 00:54:59,680 --> 00:55:00,630 Fox Business. OK. 1048 00:55:00,640 --> 00:55:05,150 The queen of ETF coming on the show Eleanor Tourette and then 1049 00:55:05,160 --> 00:55:07,470 would be worth timer, founder of taper Wizards coming on Friday 1050 00:55:07,480 --> 00:55:09,600 should be a good one. So with that with that with that 1051 00:55:09,610 --> 00:55:12,600 we'll see tomorrow morning 10:30 AM Eastern Standard Time 7:30 AM 1052 00:55:12,610 --> 00:55:15,540 Pacific Standard Time for the episode form formal hour on rock 1053 00:55:15,550 --> 00:55:17,890 radio. Let's go.