Yo-yo, yo. What up?
Good morning.
GMG or Mara Habibi like Crusade
in Dubai. I got you know the hat is on
right now. No, the Kafia.
The Kafia stays on, baby. The kafia is on right now.
I got my host in the house. Obi, what's up?
Good morning. How you doing?
I'm good man, how you doing? I'm good, man.
I'm exhausted, a little sick, definitely caught a little cold
in Paris. I'm on an hour and a half of
sleep and I can't wait to actually go pass out after this.
So I'm doing, that's how I'm doing OV.
The voice is definitely a little shut right now, but you know
what? We're here.
That's all that matters is that we're here.
Made it to Dubai, flew the red eye from Paris.
Fun flight but too short. You know what red eye flights
that are 6 hour long or we are too short.
Yeah, six hours are too short because you can't sleep.
I agree with that. You have to like eat before and
then just sleep straight away. If you want to get a proper
sleep, just eat. Before sleep, before.
No, no, they wake you up like 45 minutes before you land.
You can't really sleep and so you end up.
So I slept an hour and a half because honestly because I
wanted to enjoy the flight. It was my first time flying with
Emirates. I got to say dude, shout out to
shout out to the UAE shout out to the UAE shout out to the to
the to the Emiratis. Y'all, y'all know how to do
luxury, You know I got to give it to y'all.
I used to I used to I used to dream of of flying Emirates.
I used to post about this shit on my good life account when I
was like 15 years old. Yesterday I did it OV Whoa.
Well, have you done it the the first class Emirates before?
I'm sure you have. No, I don't really.
I don't really have. Haven't flown much with Emirates
really. It's my first time.
I mean, I've never been to Dubai, actually prefer some in
the Middle East. You know, as much as I feel
close to my people when I'm in France, because, you know, the
French comes out when I'm here, I feel even closer to my people.
People, you know, I'm across the water from my people, which is,
you know, one of the one of the things we're probably going to
talk about today actually, because I forget that the
market's tanked this weekend and so we didn't have a show since
it was the whole situation again, like when something
happens on weekend, it feels like it was 10 years ago.
I don't know if you realize that, but it's wild.
But it was this weekend that the market literally wants a 0.
Go figure. Go figure.
So and I, I oh shit, I'm trying to connect to my Google sheet
for FOMO hour and I guess I was logged out.
So, so today on the show. So we're going to talk about
that. But today on the show today,
today I'm assuming markets, crypto, macro, all that good
stuff. Maybe we might do a little bit
of geopolitics. I guess today OV you know, we
got also Hong Kong ETFs. Let's fucking go.
Big, big announcement came in. Actually, I think this morning
here and and it's funny because it pumped pretty hard and as
soon as America woke up, it starts selling off.
So you know what OV this whole like Euro pores joke is is
starting to like I think Americans are starting to take
the throne here. I think Americans are starting
to. It's last few last few weeks man
always sells off in in U.S. markets.
So it's definitely, definitely the burgers selling right now.
It's definitely the burgers selling right now because
Bitcoin's liddy about to go under $65,000 as I'm talking to
you yet I'm pretty sure there was 67,000 when I woke up this
morning in Dubai and and the ETF news came out.
So anyways, we're going to be talking about that as usual,
report on memes, memes out memes and dreams quick pass and
towards the NFTS and last but not least, we'll be joined by
emerge. Can't wait.
Can't wait to chat with her. I mean she's awesome.
We've seen the emerge on OV he's wearing the sweater a bunch of
times, not because he was asked to do it because he actually
fucked with it and he said it on the timeline on the show
multiple times. I can't wait actually to to to
talk to the person behind emerge and I saw her that Danny was
wearing the sweater. I saw bat soup wearing the
sweater. I saw it all over New York City.
Actually, I have mine at home. It's in Montreal, so you know,
can't wait to get to it. But we're going to be joined by
by one of our partners on the show, actually emerge.
So really, really excited. And then last but not least,
this show is presented by film dot IO.
And well, that was the last time we we we we were together
actually, first side network. That was quite shit.
That was quite the show with literally an ex FBI agent from
Naxos. That pardon was first side
network that apparently was busted Russ Albright.
And then you had a bunch of free Russ comments in the chat, you
know, free Ross for real. But that was that was something
else. That was something else for the
history books. So we'll we'll we'll cover that.
And was that. And as usual, just so you all
know, we are live on both audio and video.
Just quick check, how is my audio?
Is my audio coming out good? Yeah, sound loud and clear to
me. Sound loud and clear.
To me perfect perfect perfect. Man, it's so weird at this stage
OV like the time zones. I can't anymore.
Now I'm hosting around 6:30 PM. I'm so lost.
I don't know why I am. It's it's it's become, it's
become a little, it's become a little confusing.
And I think Mando so one more day without Doug Jesus.
I think Doug Jesus was meant to be out today, but he's got some
things to do. He's got places to be.
He's got people to see, but you know, and this is quacking and
this is quacking, you know, a check price, good price on that.
And I'm sure we're going to talk about it when we cover means.
But without further ado, without further ado, what do we get
right into and hear from OV about the market?
Daily market report brought to you by Rug Radio.
What's the word? Hey guys.
Yes, it's a bit of a weird one, you know, because the market was
trading pretty weak on Friday, I think before the whole Iran,
Israel thing kicked off. And then obviously we had a bit
of a shit show over the weekend, but traditional markets were
closed. You know, stocks were actually
opening the week higher. Stocks were 0.250 point, 3%
higher. I guess like, you know,
initially when people get worried about things like world
wars, etcetera, you could have a knee jerk move lower in risk
assets because of the uncertainty.
But you know, war was actually not really necessarily that bad
for equities. And so we we're actually seeing
like a small rally, which is interesting because stocks
really traded like garbage for most of last week.
We're not seeing an interest rate rally at all.
We're actually seeing interest rates high today, 10 years at
4.62%. And I guess the thought process
there maybe is, you know, if if this geopolitical stuff gets
bad, it's probably going to result in the price of oil going
a lot higher, which is not great for the current inflation
rhetoric. So I think 10 year interest
rates, all interest rates across the curve actually are going a
lot higher. Weirdly, oil is actually lower
on the day. So I don't really know like how
those two things add up, but it just feels like the market's a
bit confused at the moment in terms of crypto.
Yeah. So it was a shit show over the
weekend. Honestly.
Like I think that weekend move was a massive like liquidity
cascade. We've been looking at funding
rates for a while and it's like, ah, funding's so low, funding's
so low. But remember, that doesn't
necessarily mean or or dictate that positioning is small
because you could have loads of people with a ton of leveraged
longs. And if the net positioning is
long, it would mean funding is very high.
But you could also have a ton of people putting on leverage
shorts. And then if the net positioning
is neutral, then the funding will also be neutral.
But you can still have big positioning on both sides.
And you know, there's been a lot of talk and I think a few
different conversations I've had, people have mentioned that
a lot of the trad fight guys are putting on this trade where they
they're long Bitcoin ETS versus being short the perps and then
making the the funding rate as an ARB in between.
So there is like actually huge interest I think to short perps
versus being long spot or ETS or whatever or however they can.
That Manuel talks. About, yeah, pretty much like
Athena. It's it's very similar to what
Athena does. Yeah.
And so I think that's the main reason why it's probably Athena.
That's actually the other side of that as well, to be honest
with you. But like, yeah, that's the
that's the thing that's kind of kept funding rates very neutral
and made that market more efficient.
But I think a lot of people just assumed that it means leverage
is low, but it's not. Leverage is actually very high.
And we had almost a billion dollars of liquidations across
crypto in on Saturday. I think it was about 800
million. So you know, obviously like it
does, it does mean leverage has been very high.
And so I think like, yeah, the, the, the weekend headlines were
bad, but stocks being smalls higher today should show you and
tell you that it's not like a huge risk asset concern at this
stage. And I really think someone was
just like, fuck it, let's just we see leverages high.
There's some bad news over the weekend.
Let's just fucking, you know, jam this thing lower and make
some money on it. And especially people who have
that basis trade on, they would have done well on that trade
because all these perks were a lot lower.
The crypto's a lot lower than I'm sure like this, the whatever
they had on the other side would have held up, you know, maybe a
little bit better or so I'm not, I'm not really sure, but I think
that's kind of what happened. So, you know, theoretically on
paper, funding should be, I mean, positioning should be a
lot cleaner now, but you can actually see OI is ticking up
again. Like there's a good website
calledcoinallies.com, coilies.net and it shows you all
the OI changes in the last 24 hours.
And so like Bitcoin OI is up 2%. If Ether OI is up 5%, Sol O I/O
I is up 8%. You know, some of these other
altcoins are up 10/11/12, 13%. So OI is ticking back up, which
shows you there is some more leverage again in the system.
And so, yeah, I feel a little bit cautious.
I think, you know, I still think we're going to chop around here
and as when leverage gets really high, then you can get this big
news like we got over the weekend.
But I do think that will prove to be to have been a great
buying opportunity that weekend. You know, obviously GCR came
back to to tweet about that having been tweeted for for
about a year and and we'll see what happens with the rest of
this week. ETF just been quiet.
You know, like the Friday there was like a small outflow, I
think of like 50 million or something like that.
So ETF volumes and numbers have been very low and small.
Was in the the net outflow negative in flow negative, was
it negative last week was in that.
Yeah, it was negative. The oh, the net for the week I
think was maybe it was very flat like small negative or small
positive. I'm not really sure.
But yeah, I think it's I think it's unless until that number
becomes larger and more consistent showing a trend, I
think it's not going to impact prices too much here.
And so we'll see what happens in the next few days.
I mean, I feel quietly bullish, but I'm just always bullish
anyway, I'm not really sure what happens in the next few days,
but I would I definitely wouldn't have leverage here.
There's no, there's no need to have leverage, I think because
prices, you know, altcoin's down 50%.
So there's much higher return profile for them now here.
And you don't need to like chase leverage to make those returns.
So I'll definitely stay in spots.
I like alts here. And yeah, I think things could
be interesting the next few days and weeks.
But I do think people will look back on that dip over the
weekend later in this year and think, man, that was like, I
wish I'd bought then. You know, that was a great dip
to buy. All right, dude, let's talk
about let's talk about the weekend, right?
Like I was just trying to some charts.
We had Bitcoin go all the way down.
Some people told me it went down even to like 56 Ki mean here I'm
seeing 5060. I don't know if you saw the
anyone buying a 56 K, but it was here.
It's a 60. Ethereum went all the way down
to 2047 and yes, Solana, dude, Solana went down to $115.00 all
week. I mean, let's talk about this
for a second because I know it was the, it was what?
When was it was two nights ago? Was it, it was Saturday night,
Friday night, Saturday night, the whole Iran and Israel like
thing. Was it Friday night?
I don't even remember. This is how crazy this space is.
Like we're fed so much information at all times that
you like you, you don't even remember what's what, what's
going on and the market just decides to tank completely.
I mean, I thought I thought my Bitcoin was store value in the
time of war. OVI guess I thought wrong
because not only the gold turbo nuke on Friday, I I saw that
obviously Bitcoin went crazy and anyone who would have had who
had some leverage got completely wiped out.
I mean chat to you. You know, we were talking on the
show about about leverage and stuff like, yeah, maybe this
maybe we just don't crack the leverage up.
So you know, buying spot yet again appears to be comfy, but
let me tell you about about my Saturday night OSF.
It was bitcoins, ETH and Solana chart in front of my computer
while I had CNN and BBC World News on the TVI don't know why I
just love pain and it was really painful.
It's in traditional media talk about what's going on in in the
in the area. As a matter of fact, they was
getting they were getting the news like 30 minutes after X
like here we go all around and send ballistic missiles and
fucking like you'd see that on Twitter and like, oh, maybe it's
not real. And then you have BBC and CNN
reporting on it. That shit was absolutely crazy.
Obviously right on time where I have to fight to Middle East.
So man, that's also why I'm tired.
It was that the night before and then flying here in one hour's
sleep. It was it was it was definitely
something. No, man, I'm sick.
Fuck. Sorry y'all, I'm I'm a little
slow today could fall asleep here.
So that was that was crazy question for you.
Actually Wiz hosted quite a good spaces that night.
Shout out to joy on on how to trade the war.
What are what are what are what are what are some you know, I
guess what, what what was your reaction when all things happen?
I saw you tweeted the other day that you didn't realize that WIF
went all the way down to 180. Everything got decimated.
I mean, what was your immediate reaction to everything?
But I was, I was surprised that things dropped so much because I
think I was like, why is this stuff dropping so much?
Like if there's no funding so low, there's no leverage.
And then I looked at it more closely and that's when I
realized actually there was probably a lot of leverage.
So with that in mind, it's less like I was, if there was no
leverage, I would have been confused because I've been like,
you know who the, who the hell is like having to sell here?
Like everyone's in the spot right now.
Like why is there such aggressive price action?
But knowing that there was leverage, I think explains a bit
more and you know, like crypto is so manipulated.
People see these numbers, they're all public and they can
just like manipulate it to their advantage.
So I think like for me, I just don't think people panic sold
because of that headline. I think that headline came,
someone was like great, like someone who was short was like
great. We can just like wipe these
people out and create some panic.
And that's what happened, I think.
And so for me, it was like, I definitely would have bought
some stuff like I, you know, whiff got back to levels where I
last sold it and I just was wasn't at my computer and stuff.
So I couldn't really transact on it, but I would have definitely
bought that back. I would have converted my soul
back into whiff at that those levels for sure.
I think soul hit 115. That probably been a great buy
released some good levels. But you have to, I mean, you
have to have been at the computer and just instantly
traded it. And even then like networks have
been so busy recently, I don't know what you could have
actually executed without having limit orders in place.
And you know, I don't know how much of the orders got filled,
etcetera. So it's like, it's one thing to
say, oh, I would have bought this then, but it's another
thing to be like, would it have even been possible?
So. It was wild dude, I was, I was
watching this whole shit like Jesus Christ like what the fuck
is going on? I mean you hate to see this
right? Obviously, these headlines are
not comfortable to read for anyone, I think, but especially
people affected. And then on top of that, like
we're so married to the markets in this industry, right in
space, Like all of us, our listeners, you and me, Mando,
right? Like everyone who are on us,
that you're just watching everything happening.
You kind of don't know what to do.
I actually, I actually texted Amanda.
I was like, So what am I supposed to do right now?
And it's like just doing nothing.
I was like, OK, hold that. Like, you know, even I had the
second of doubt over here. I'm not gonna lie.
Like I was like. And I'm sure a lot of people can
relate to that listening to us like, because it's not like
we're used to like reading a headline like that, right?
Like, you know, and, and also, of course, media loves to make
it super sensationalist, right? They love to like add on top of
it. I think, I think that was like
Mario's Olympics the other night.
Like that was his, like, that was his like Oscars.
Like that's the type of stuff that, you know, he, there's the
headlines happens, he loves seeing, right?
So you have these spaces running 24/7 scaring the shit out of
people as well on top of that. So that doesn't help and the
news coming left and right, some fake, some real, some little
inaccurate, you know, some truth to it, some some lies to it.
So it's always it's always a lot.
But seems like you know the market rebound, rebound rebounds
bounced on that with Bitcoin went as high as 67,000 whiff was
above $3 for a hard second. So I went back up to 1:55-ish.
I don't know, ETH was above 3200, almost 3300.
So the market bounced immediately on top of that.
But most importantly, actually, you know, is it fair to say, do
you think that GCR saved our bags?
I mean, GCR came in. I mean, this was one of those
tweets that reminded me of Kobe's tweet, you know, that
famous Kobe tweet. I wasn't around that famous
Kobe. Two was like, I'll, you know,
my, I will long for one, long for my family, one long for
Satoshi. I mean, that's one of those
tweets. So GCRGCR came out of retirement
to tweet. If you've been sidelined,
believe it's a good opportunity to scale into high conviction
tokens. If you're fully invested, just
survive, hold your spot position and not capitulate.
Someone once said liquidations are a forced transfer of wealth
from traders who need leverage to wealthy spot buyers.
I was enjoying retirement from social media but don't want to
see my brothers get shaken out and the future is still so
bright. I mean, that was a moment when
that came out. I think you were the first
person to send that to us. You were on that one.
You must. Like I was just, I was just
scrolling and it popped up on my, on my feet.
I was like, whoa. But is it crazy to you or not
that one person had so much power at the moment?
Because it's fair to say that tweet bounced the whole market,
right? Is it fair to attribute that?
To you, yeah, it is. It's mental when you think about
it, really. Because I mean, he only has like
I say only, but he has 250,000 followers.
Like there are tons of crypto accounts that have more
followers than that, right? All the scam accounts have like,
oh, now he's 366, but he was definitely like 250 when I last
when I checked back then. And so it's pretty incredible
that someone like that and when he posted, it was like
immediately like 2000 likes in a few seconds and like 50. 2K
likes now. Yeah, it was, it's just, it's
just crazy. 8 million views. Like it's pretty incredible for
someone to have that big an impact on crypto.
But I think it just goes to show like how much power you can have
as an individual person if you are a good trader and you, you
make big and bold and, and correct decisions #1 #2 just how
small crypto still is. Like we talk about this all the
time. And it's like, you know, total
crypto market cap is like almost $2 trillion.
It's less than Amazon or whatever.
Like, you know, I don't know what those numbers look like
now. I haven't checked for a while,
but it's, you know, if you think about how big the total stock
market is versus the size of the total crypto market cap, it's
tiny. So, and it's so retail driven as
well. Like a lot of money is just
sitting there being held. Like a lot of Bitcoin just won't
be moving right now. But you know, the price action
all comes from like retail who are all on crypto Twitter, so.
It's crazy, but it just shows you like how this market can
really be pushed around and it kind of shows you why it does
get pushed around a lot, to be honest with you.
This tweet's crazy. This must have been how those
dudes in the Bible felt like when the angels pulled up saying
have No Fear, there's some good tweets by the time I never
disappoint. That was some of the most that
was obviously. That was one of the most intense
nights of my life. Like that was insane.
Like watching My Portfolio nuke 7 figures like like that.
And then like some of the team of our radio decrypt is was here
in Dubai, Obviously, like by the way, like here it feels like
nothing ever happened for it's worth like once you're here,
like I it's mostly the West. People are freaking out, right?
I had my girlfriend's parents freaking out, my mom freaking
out the team, my heart freaking out because obviously we have
also like Israelis on the team, Jewish people on the team.
We have people over here on the team.
We have like 4 events this week. All the we're present, we're
media partners and or rugged events. 6 events this week.
OK and I'm here like yo what the fuck am I going to do?
There's airspace closing the same night and everything at the
same time you see your whole stuff turbo nuking.
Like what am I doing? Like it was a really weird
night. It was really weird.
But the next morning it seems like, you know, things were
better and seems like at the moment there's somewhat of a de
escalation in the in the in the in the region.
And listen, I just got here today and it's it's honestly
it's unfelt anyways, Speaking of the regions, Speaking of
Bitcoin, Speaking of prices, huge news came out earlier this
morning. So like really, really late in
the in America or very, very early, however you want to put
it, of the ETFs being clear, being cleared in Hong Kong.
So Hong Kong clear spot ETF application.
The Hong Kong Securities and Futures Commission approved on
Monday applications from leading financial institutions including
China Asset Management, Becerra Capital and Hash Key Capital
Limited for the launch of Bitcoin and Ethereum spot ETFs.
Why don't we talk about OV? We were literally saying is Hong
Kong going to get the ETFs before America last week?
Yeah, it's pretty, pretty incredible, isn't it?
Like they've seen how successful the Bitcoin ETF has been here
and we got the Bitcoin ETF there.
But what's interesting is also having an ETF in Hong Kong as
well, which is very interesting. So I'm curious to see, I have no
concept of like what these numbers would look like, what
these flow, you know, what these phone numbers would look like, I
guess. Yeah.
Here you go, Eric's, you know. Yeah, Eric, Eric's.
Pocket is tiny. Yeah.
There you go. So I don't know how much like,
yeah. Yeah, I mean 5. 100 million,
yeah. So it's not really like a huge
number to be honest with you. Yeah, but like question, he says
the ETS are tiny, right, Which I mean, he knows better about and
you probably know more about as well yourself, like having
traded in the market, but it's still an on ramp to acquiring
more Bitcoin and more ease here, right Or not here, but you know,
in China or in Hong Kong, I'm sorry, but you know, there's
it's going to be a Chinese bank that's going to be involved in
what and, and and whatever it does say that Chinese local
cannot buy these. But you know, a lot of people
have vehicles through Hong Kong companies and and stuff like
that. They have Singaporean companies,
they have companies all around the world.
Don't you think that this is actually, I mean, the headline
stuff's pretty big. Don't you think this is bigger
than just numbers on the scoreboard here?
Yeah, not really, no. Like you already have an ETF?
Approval imperative. You already have an ETF approval
and it's great that they're doing ETH, but unless there's
like real numbers behind it, I don't think like it's really
going to be that threatening. I don't know, like it's, you
know, they say the ETF market in, in Asia is small, but like
the retail market in Asia is massive.
And it's also they also have a very speculative retail consumer
base, if you like, like the US does, which Europe doesn't
really have as much. So maybe that will actually, you
know, maybe they'll see more flow than like Eric is giving
them credit for. But it also feels like people in
Asia are also very already like very crypto native, you know,
so. Compared to, I mean all these
changes, right? The big ones are all.
Yeah. Yeah, exactly.
If you look at like the market that you know, finance by bit,
OK, X bullish, you know, Okucoin, all these occupy in in
the Middle East, in the Middle East, sorry, in Asia.
I mean, it's it's most of the market share, right.
I don't have the exact numbers, but I know it's like bigot,
etcetera. It's one of the largest
portions. Wow, Bitcoin is actually going
sub 64 K here huh? Yeah, well.
Burger's just selling, Yeah, look at.
That, I mean, well, I, I was one thing I would have been worried
about today would have been the, the ETA numbers today after what
happened at the weekend, that's maybe spooked some people so.
Yeah, yeah, maybe that's spooked some people, but but we'll see.
I mean, it's it's it's just crazy.
Look, we're clearly not decoupled yet, right?
We're clearly don't have that narrative, full narrative of
that store value just yet. Clearly, like this is the proof
proof. Proof is in the pudding here
when it comes to. So that was another.
That's a big deal. Listen, I would I would pay
serious attention. I mean, I've been, you know,
after my trip in Hong Kong and the many, many conversations
I've had again in Paris, I met with a few people that, you
know, worked at pretty large companies and institutions in
Hong Kong. And some people ran some really,
really large funds over there. Like they're extremely bullish.
Like they're fucking like, they're super turbo bullish on
the, on the, on the, on the ecosystem, the, the market,
etcetera. So there we go.
We broke under $64,000. Here we go again.
Oh, shit, here we go again. And just a reminder, the halving
is now in five days and the Solana fix is tomorrow.
So it seems like we're going to be decongested tomorrow.
Hopefully I'm decongested tomorrow as well alongside
Solana. I'm not going to lie, it would,
it would help me a lot. I feel like in honor of, of
Solana, just to be, you know, loyal to, to, to my Solana bags.
My face is congested, you know, just just so you know, I'm going
to have a fix. So I'm going to have to update
my hardware to, to stay in tune with Solana.
But anyway, so yeah, Solana's 143 and E 31 anyways, So in
other news, let me see what else we got here.
And I see, I see, I see we have the home girl mini news in the
studio. We're going to bring you up in a
minute here in a minute. So we have the fix coming up for
the for the for the congestion You have you have the UK to
introduce stablecom staking rules.
Dude, we talked about UK last week.
I don't know what the hell is going on over there OV, but I
think we need to have you go and talk to Rishi here.
Like you, I think you need to get involved.
I think we need OV to go and talk to Rishi Sunat here and and
and see what's up. And last with all these.
Anyways, it was memes, memes, NFTS, alts, dreams.
I mean the alts we already talked about quite a bit.
I mean complete like new call across the board, right?
With a lot of memes bouncing back pretty, pretty strongly.
Especially Mando's duck, which seems to be.
I can't wait to have Mando back on the show.
Honestly, I want to talk to him about his duck and his
experience so far. Seems like he's having a good
time. Mando seems to really be having
a good time. Movie looks like he's having
fun. He's busy, he's busy.
I've been quacking around on the on the NFTS man, it's again
again like it's been it's been all ordinals about Bitcoin
that's heavily been leading the narrative and whatnot.
So that goes without saying. And for the first time today, OV
unless you saw board eaves are trading in one digit 1 digit
leave Yeah, board eaves stop for as low as 99 something.
How how are we going? How long do you think Board
Eaves can go here? It's it's pretty.
I don't know, like it just, I mean, Ethan of teeth overall.
I just said, you know it's your fault through Amando, through
Amando. See you guys, you guys did that.
Let's open up Digens. There are 10.18 but few were
bit. How would you think what else
can go seriously like what do you think?
Do you think they'll go to like 3 fucking ES or something?
Or do you think like there's going to be a bottom at some
point? I don't know.
That's a very tricky question to ask someone on live recorded.
Yeah, I really don't know, like it feels like they can keep
going lower because, you know, if you have an ape and you're
crypto degen and you're seeing that people are like making
money on meme coins or other things, you know, 10 ETH is
still whatever it is, like 31K32K.
So in your head, if you're just like, you know, if you're
someone who's not married to your ape, you could be like,
well, I could just gamble with this and maybe make some money
back and then put buy, even even buy back the ape if you want to.
I don't know. But it's a tough one.
It's a tough one to just be stuck in depreciating assets
when it's a market where everything is going higher.
And I think we spoke about this like.
Many times. Many we spoke about this a few
weeks ago, I think when apes were like 17 or 18 ETH and we're
just like, you know, at this point, if it's a it's a Raging
Bull market and lots of things are going up, you can, you know,
probably close your eyes and click on something and it will
go up. And so if you're in something
back holding this and that's going on something that's going
lower, you just, you know, cut your losses and move to
something else. And if you only rate for a
different reason, because you like utility or like the brand
or like the stuff that they're doing and like other side and
APS and that kind of stuff, that's a different reason.
But if you're in it for a trade or if you're in it to like make
money and you know, maybe they will bring things that will
cause them to do really well and make money.
I'm not saying that's not a possibility and it probably will
happen at some point in time, but it's it's really tough in
this market. So I think just hold things that
aren't performing that are assets from a previous cycle.
Just on a, you know, high level in terms of the crypto world,
it's really hard to like run those things.
I think when there are just so many things that are going
higher and you just need to buy it like.
Yeah, yeah, it's it's really wild.
Meanwhile, again, man, ordinals, I mean, I was trying to digense
dashboard degense of finance. You can check it out.
That's what I show every day on the on the on the show tool that
OV Mando and their team with builds, which is pretty good.
But in the meanwhile, the the big that you have you know
ordinals that are up and Bitcoin puppets .47 no monkeys .47
Ordinals Max speeds. Also, actually, these had a
great tweet saying that there's, there's three bets right now on,
on Bitcoin that are really good and they're similar prize,
right? You have no monkeys.
They go puppets and and OMB, which are actually three with
very strong teams, communities and that are all looking like
they could go like higher. And so you're looking at the
rest of the market in terms of STS across all chains.
Like, well, shit, like where do I park my money?
And what do I think I can make money?
And so I I don't blame people. Even the quantum cats also got
swept up doing any .4. So that's four of them movie
that are about point 4.45 Bitcoin that they're looking
good. They're looking good, you know,
and so again, Bitcoin taking narrative and they're having
this weekend. Saturday.
It looks like it we're looking like Saturday.
I know it keeps on changing right, but you know, we're
looking like Saturday for for the having.
So that's going to that's going to go pretty well.
We'll make we'll make having post having predictions when we
have Mando on the show. But start thinking about it,
start thinking about it everyone.
So start thinking about your post having predictions.
But but it's it's it's going to be very, very interesting as
ruins go live. Actually, I can't wait.
I picked up a couple ruin notes this morning because on the show
the other day I said that, you know, I like no monkeys.
I like, I like the ruin notes. The rune pops worked well with
no monkeys. I picked up a couple ruins just
to see. I really like the ruins.
I, I, I know, I know I talk about them too much in the show,
but I like him a lot. You know, I like him a lot.
You know, there's a few things I like a lot right now.
It's pups, ducks and roots, you know, So, so listen, I, I like
to think that those, those are the, those are the right places
to be in the room with anyways.