1 00:00:00,220 --> 00:00:02,980 Yo-yo, yo-yo, what up? What up? 2 00:00:02,990 --> 00:00:11,730 Good morning. Good morning, GMG, see Wednesday 3 00:00:12,000 --> 00:00:18,020 January 3rd. Bloody bloody January 3rd, 2022 4 00:00:19,400 --> 00:00:25,670 44442024. I'm not fun with that one every 5 00:00:25,680 --> 00:00:27,300 day, huh? What's the date? 6 00:00:28,160 --> 00:00:32,670 Wednesday, January 3rd, 2024. Look at that. 7 00:00:32,960 --> 00:00:36,410 Another beautiful day to have a beautiful day. 8 00:00:36,460 --> 00:00:39,000 I mean, it was it was gonna be beautiful until Matrix report 9 00:00:39,010 --> 00:00:42,070 and the blocked said to ruin my shit on my parade. 10 00:00:42,220 --> 00:00:44,130 But it's OK. It's OK. 11 00:00:44,480 --> 00:00:45,550 You know? All things. 12 00:00:45,560 --> 00:00:48,930 All things back to normal. Come my co-host in the house EOF 13 00:00:48,940 --> 00:00:50,200 Mando. Good morning. 14 00:00:50,210 --> 00:00:53,230 How you doing? Doing well, thanks. 15 00:00:53,240 --> 00:00:55,860 How you doing? Yeah, great day. 16 00:00:55,930 --> 00:00:56,910 How about you? Great day. 17 00:00:57,820 --> 00:01:00,010 It's a great day. It is a great, you know, it is a 18 00:01:00,020 --> 00:01:02,250 great thing though, you know, we're blessed, you know, we're 19 00:01:02,260 --> 00:01:04,209 blessed we're we're moments away from ETF. 20 00:01:04,280 --> 00:01:06,450 So you know it can only be a good day. 21 00:01:06,860 --> 00:01:13,340 You know it could it could definitely only be a a a good 22 00:01:13,350 --> 00:01:15,500 day. But anyways, formal hour 23 00:01:15,570 --> 00:01:17,980 episode, is it 32? Huh Huh. 24 00:01:18,050 --> 00:01:22,950 Dang. Alright episode 32 in the works 25 00:01:22,960 --> 00:01:24,180 where we got here for you all today. 26 00:01:24,190 --> 00:01:27,380 Crypto dips. So update, market update and 27 00:01:27,390 --> 00:01:30,770 moves as you also obviously talk talk, talk. 28 00:01:30,780 --> 00:01:33,500 Topic of the of the of the day is really that crypto flash 29 00:01:33,510 --> 00:01:35,820 crash that we had across the board. 30 00:01:35,830 --> 00:01:38,420 Honestly seems like every single thing has nuked. 31 00:01:38,470 --> 00:01:40,550 A lot of it is covered, but we're definitely gonna talk 32 00:01:40,560 --> 00:01:43,310 about that. You know we don't talk ETF gonna 33 00:01:43,320 --> 00:01:45,850 crypto. We'll talk stocks, bonds and all 34 00:01:45,860 --> 00:01:47,770 that stuff because the whole market seems to have taken 35 00:01:47,780 --> 00:01:51,090 somewhat of a shit and that and then we'll talk about what you 36 00:01:51,100 --> 00:01:54,190 know about all that. As usual Solana and Bitcoin 37 00:01:55,040 --> 00:01:58,590 volumes on NFT seems pretty are pretty high they said we alluded 38 00:01:58,600 --> 00:02:01,250 to that yesterday so NFT roundup we didn't have time we didn't 39 00:02:01,260 --> 00:02:07,430 have time to to talk about this. But with Solana NFT surpassing 40 00:02:07,520 --> 00:02:12,370 Ethereum NFT volumes in in in December but also ordinals that 41 00:02:12,380 --> 00:02:13,990 are you know uh much further ahead. 42 00:02:14,000 --> 00:02:18,440 Now question question raises are these are we are we gonna see a 43 00:02:18,450 --> 00:02:21,860 chain takeover theorem and FT0? So curious to hear your opinions 44 00:02:21,870 --> 00:02:23,940 here and what you guys think. It seems like Bitcoin ordinals 45 00:02:23,950 --> 00:02:28,760 are still raging in this market and still doing very well. 46 00:02:28,770 --> 00:02:31,960 And then last but not least AirDrop season, AirDrop season 47 00:02:31,970 --> 00:02:34,260 upon us. We have the LG AirDrop on the 48 00:02:34,270 --> 00:02:36,240 1st, we have Jupiter AirDrop coming soon. 49 00:02:36,250 --> 00:02:37,400 We have some more updates over now. 50 00:02:37,410 --> 00:02:40,000 We're talking about this yesterday, so that that should 51 00:02:40,010 --> 00:02:42,690 be as soon as well looking towards the end of January, but 52 00:02:42,700 --> 00:02:45,770 perhaps February. So from what we've seen from the 53 00:02:45,780 --> 00:02:48,030 from the founders or something on the timeline, but we'll we'll 54 00:02:48,040 --> 00:02:50,470 get more into that and of course as I and a bunch of other stuff 55 00:02:50,560 --> 00:02:52,370 to look out for. So let's talk, let's talk 56 00:02:52,380 --> 00:02:55,610 AirDrop season. Uh, a little bit today and as 57 00:02:55,620 --> 00:03:00,430 usual as usual as usual this show is powered by Ledger. 58 00:03:00,440 --> 00:03:02,070 So why don't we get this party started? 59 00:03:02,150 --> 00:03:03,790 Who am I going to go to 1st, huh? 60 00:03:05,330 --> 00:03:13,070 Market Report brought to you by Rug Radio What's the word? 61 00:03:14,120 --> 00:03:20,650 So yeah, I mean the biggest thing today is Bitcoin wicking 62 00:03:20,660 --> 00:03:25,180 down to I think 40 point 5K and like a unilateral move lower in 63 00:03:25,190 --> 00:03:28,370 crypto to the tune of like anywhere between 20 and 50% 64 00:03:28,380 --> 00:03:31,540 depending on what you're looking at, which seems to have come 65 00:03:31,550 --> 00:03:37,890 from a article by a research report by something called 66 00:03:37,900 --> 00:03:40,720 Matrix Politically Again, Matrix. 67 00:03:41,310 --> 00:03:42,780 Matrix port. Yeah. 68 00:03:42,790 --> 00:03:47,950 So these guys put out, yeah, these, these guys put out a 69 00:03:48,480 --> 00:03:51,340 research report just yesterday actually I believe calling for 70 00:03:51,350 --> 00:03:55,360 Bitcoin going to 50K after an approval of the ETF. 71 00:03:55,420 --> 00:03:59,530 They then put out a report today saying that it's likely to be 72 00:03:59,590 --> 00:04:05,220 rejected because it doesn't meet the certain criteria which they 73 00:04:05,230 --> 00:04:10,590 haven't really stated and that they expect an approval in. 74 00:04:11,280 --> 00:04:12,810 They're still expects approval by Q. 75 00:04:12,820 --> 00:04:18,230 Was it Q2Q1 or Q2Q? Yeah, yeah, which is quite 76 00:04:18,240 --> 00:04:20,680 random. I think what I would say, I 77 00:04:20,690 --> 00:04:23,740 think there is like a big misunderstanding of deadlines 78 00:04:23,750 --> 00:04:27,230 here by the market and I see a lot of people saying, oh, it's 79 00:04:27,240 --> 00:04:30,220 going to get delayed again, like this is not going to get delayed 80 00:04:30,230 --> 00:04:34,440 again. The BBC has as is mandated to 81 00:04:34,450 --> 00:04:36,340 make a decision by the 10th of January. 82 00:04:36,350 --> 00:04:38,850 They can't just say, oh, we're going to delay it further like 83 00:04:38,860 --> 00:04:40,440 that, can't, that's not a possibility. 84 00:04:40,650 --> 00:04:45,900 So they're either going to approve it or reject it by by 85 00:04:45,910 --> 00:04:47,450 the 10th of January. They can't just say we're gonna 86 00:04:47,460 --> 00:04:48,650 delay it further. They can't delay it. 87 00:04:48,660 --> 00:04:50,200 Like they actually cannot delay it. 88 00:04:50,210 --> 00:04:52,990 They're mandated to to come up with a decision. 89 00:04:53,060 --> 00:04:57,780 Now, if they reject it, you have to assume the SEC is going to go 90 00:04:57,790 --> 00:04:59,480 through another massive court case. 91 00:05:00,190 --> 00:05:04,160 They've lost to grayscale. They've lost to Ripple. 92 00:05:04,390 --> 00:05:07,100 It looks like Coinbase from the lead and on on that case as 93 00:05:07,110 --> 00:05:09,000 well. And they've also been. 94 00:05:09,090 --> 00:05:11,240 It actually on. That case, they've also been 95 00:05:11,250 --> 00:05:15,230 cooperating with Black Rock, grayscale, etc etc over the last 96 00:05:15,240 --> 00:05:17,200 few weeks to get this over the line. 97 00:05:17,210 --> 00:05:20,140 So for the SEC to come and reject it, which is still a 98 00:05:20,150 --> 00:05:21,880 possibility, is not. It's non zero. 99 00:05:22,450 --> 00:05:25,240 It will have to go into a massive, massive legal battle 100 00:05:25,690 --> 00:05:29,530 having already lost 2 high profile court cases and it's 101 00:05:29,540 --> 00:05:33,060 going to be a massive, an even bigger cost to them to to now go 102 00:05:33,070 --> 00:05:34,370 and they go out there and reject it. 103 00:05:34,440 --> 00:05:35,820 And again, I just want to repeat this. 104 00:05:35,830 --> 00:05:39,250 They cannot delay it. Delaying it is not an option. 105 00:05:39,300 --> 00:05:41,710 Like they are mandated to make a decision. 106 00:05:41,780 --> 00:05:44,110 This is the final deadline. 10th of January is the final 107 00:05:44,120 --> 00:05:45,710 deadline. They cannot delay it. 108 00:05:45,780 --> 00:05:48,070 I keep seeing so many people on Twitter saying, ohh, that's 109 00:05:48,080 --> 00:05:50,530 going to delay it another month or another another six months. 110 00:05:50,640 --> 00:05:52,840 They cannot. Deadline for a reason. 111 00:05:53,080 --> 00:05:55,130 A hard deadline. They've had multiple dealings at 112 00:05:55,140 --> 00:05:59,130 the last and final hard deadline that cannot be delayed. 113 00:05:59,140 --> 00:06:03,080 So as of 10th of January, you will get that an approval or 114 00:06:03,090 --> 00:06:04,780 rejection. There's the two only possible 115 00:06:04,790 --> 00:06:08,850 outcomes in the next few days and I think they all still 116 00:06:08,860 --> 00:06:10,580 approve it. There is no reason to think they 117 00:06:10,590 --> 00:06:12,090 will. They will reject it. 118 00:06:12,160 --> 00:06:14,000 At this stage, with everything that's happened, they would have 119 00:06:14,010 --> 00:06:15,710 to come up with some reasons to reject it. 120 00:06:15,780 --> 00:06:18,460 And if they do not have any good reasons, they're going to get 121 00:06:18,470 --> 00:06:21,250 their, you know, they're going to get fucking, you know, done 122 00:06:21,260 --> 00:06:25,010 up the arse and caught big time like like pretty hard. 123 00:06:25,080 --> 00:06:26,550 And that's going to. Be. 124 00:06:26,700 --> 00:06:29,450 Of of Gary Gensler, who's already under fire. 125 00:06:29,760 --> 00:06:31,410 And it's going to be a really tough situation for them. 126 00:06:31,420 --> 00:06:35,700 So I think the reason for the move lower is because we've had 127 00:06:35,890 --> 00:06:38,510 so much leverage in the system's funding was very high, 128 00:06:38,580 --> 00:06:41,020 temperature is very high. We had over half a billion 129 00:06:41,030 --> 00:06:45,980 dollars in in open interest, open interest wiped out. 130 00:06:47,900 --> 00:06:50,590 I don't miss. That I'm not tasting anticipated 131 00:06:50,600 --> 00:06:55,240 in that wipeout. Over 100, over half a billion 132 00:06:55,250 --> 00:07:01,210 dollars in interest wiped out and when you have people with 133 00:07:01,220 --> 00:07:09,450 such. We're just laughing about what? 134 00:07:09,860 --> 00:07:13,640 What? You're not listening. 135 00:07:14,900 --> 00:07:17,690 Looking at Twitter I was I was reading something on Twitter. 136 00:07:17,740 --> 00:07:21,200 I'm trying to like set up the some stuff to like show What did 137 00:07:21,210 --> 00:07:22,010 I miss? Hold on. 138 00:07:22,130 --> 00:07:23,150 No, don't worry about it. Just. 139 00:07:23,160 --> 00:07:26,410 Continues Wait. What I miss is Mando making fun 140 00:07:26,420 --> 00:07:28,350 of Volvi or you guys both making fun of me. 141 00:07:28,860 --> 00:07:34,120 No. Just my my mouth, my mouth. 142 00:07:36,120 --> 00:07:38,900 Your mouth pause. OK, but you know. 143 00:07:39,300 --> 00:07:42,070 When when leverages that high and people, people basically 144 00:07:42,080 --> 00:07:44,290 have very, very tight stops and high leverage that can get 145 00:07:44,300 --> 00:07:46,850 liquidated. It's very easy for someone to 146 00:07:47,020 --> 00:07:50,520 create a further article come out there and short and size and 147 00:07:50,530 --> 00:07:52,880 just wipe out you know create liquidity cascade which we've 148 00:07:52,890 --> 00:07:55,800 seen in all out. Yeah, so I think like. 149 00:07:57,100 --> 00:07:59,420 Uh, what's that Bozo's name from this morning? 150 00:08:01,430 --> 00:08:05,230 Yeah. But I I guess the point trying 151 00:08:05,240 --> 00:08:08,920 to make is like if you didn't, if you didn't have really high 152 00:08:08,930 --> 00:08:11,420 leverage, that report probably would have had very little 153 00:08:11,430 --> 00:08:13,970 impact. But because average is so high, 154 00:08:14,800 --> 00:08:17,180 stuff will move lower, like stuff moves lower, if that makes 155 00:08:17,190 --> 00:08:19,320 sense. So I think it's more to do with 156 00:08:19,330 --> 00:08:22,920 like technical positioning and and than it is to do with that 157 00:08:22,930 --> 00:08:25,980 that actual headline and this is kind of like this is actually 158 00:08:25,990 --> 00:08:27,710 good. I think for price action like 159 00:08:28,190 --> 00:08:31,620 the best case scenario for people holding spot is you get a 160 00:08:31,630 --> 00:08:34,360 tonne of leverage wiped out. There's some far doubt in 161 00:08:34,370 --> 00:08:37,200 people's minds creates it and maybe some people even short 162 00:08:37,210 --> 00:08:39,679 into this headline you then you get the approval. 163 00:08:39,730 --> 00:08:42,659 But the approval isn't like it's therefore not no longer priced 164 00:08:42,669 --> 00:08:44,370 in because like people are doubting it. 165 00:08:44,380 --> 00:08:46,360 Some people are short like leverage taken out. 166 00:08:46,370 --> 00:08:48,140 Then you can actually have like a much more powerful and 167 00:08:48,150 --> 00:08:50,340 sustained rally. So I actually personally think 168 00:08:50,350 --> 00:08:54,660 like it's a good healthy piece of like price action we've had 169 00:08:54,670 --> 00:08:56,760 today which has come because people are just too long. 170 00:08:56,770 --> 00:08:59,780 Like people are way too level into this news and had you not 171 00:08:59,790 --> 00:09:02,820 had that article, there's an argument to say we would have 172 00:09:02,830 --> 00:09:04,540 sold off on the headline everyone keeps talking about 173 00:09:04,630 --> 00:09:06,010 should be held in use not etcetera. 174 00:09:06,760 --> 00:09:10,450 So I don't know like if like in my opinion there's probably like 175 00:09:10,500 --> 00:09:13,390 some there's a there's a larger element of doubt now than there 176 00:09:13,400 --> 00:09:16,590 was before in people who are not really that clued up about 177 00:09:16,600 --> 00:09:18,470 what's going on. Which seems like a lot of people 178 00:09:18,480 --> 00:09:20,710 because people don't seem to understand this concept of final 179 00:09:20,720 --> 00:09:24,150 deadline still. But which is which I think is 180 00:09:24,340 --> 00:09:26,630 which is which is is good like you want. 181 00:09:26,700 --> 00:09:30,020 I think for long as you want there to be doubt you want there 182 00:09:30,030 --> 00:09:31,790 to be more people who don't believe is going to happen 183 00:09:31,800 --> 00:09:34,870 because it means when it does happen it's going to feel more 184 00:09:34,880 --> 00:09:36,430 powerful. And it's not just this consensus 185 00:09:36,440 --> 00:09:40,130 view, but yeah, that's my take on what's happened this morning. 186 00:09:40,580 --> 00:09:43,030 I still I still need to know what I missed out on. 187 00:09:43,040 --> 00:09:46,350 I mean we got a message from thread guy saying that was the 188 00:09:46,360 --> 00:09:48,070 funniest GM where three moment ever. 189 00:09:48,080 --> 00:09:52,280 How did Farooq miss it? I'm here like what? 190 00:09:52,290 --> 00:09:53,340 What? What? 191 00:09:53,350 --> 00:09:54,110 What? I miss. 192 00:09:54,120 --> 00:09:58,880 Yeah, I I'm usually the one like paying attention here and and 193 00:09:58,890 --> 00:10:00,970 and you know I'm just, you know curious to see what I miss. 194 00:10:00,980 --> 00:10:02,080 But anyways, Speaking of deadline. 195 00:10:02,090 --> 00:10:05,500 So here it is. Right here is the table with all 196 00:10:05,510 --> 00:10:09,380 the Bitcoin ETF's and their deadlines and it literally says 197 00:10:09,390 --> 00:10:12,370 here that the deadline is on January. 198 00:10:12,900 --> 00:10:14,470 Where which one is it? It's one of these. 199 00:10:14,480 --> 00:10:17,530 Yeah, it is January 10th. It says it's not SEC next 200 00:10:17,540 --> 00:10:21,430 deadline, it's this table has SEC final deadline. 201 00:10:21,480 --> 00:10:24,390 So you know there's a there's been a few deadlines prior and 202 00:10:24,400 --> 00:10:26,470 we've covered them. I think it was remember guys it 203 00:10:26,480 --> 00:10:28,670 was what November? We talked about this. 204 00:10:29,920 --> 00:10:31,680 Yeah. Yeah, it was four of them. 205 00:10:31,730 --> 00:10:34,180 Yeah. And the 4th one is final from 206 00:10:34,190 --> 00:10:36,750 from what From what I what I understand. 207 00:10:36,760 --> 00:10:39,700 I mean Mando what what are your thoughts here on this on this 208 00:10:39,750 --> 00:10:41,790 absolute wipeout. I mean the amount of 209 00:10:41,800 --> 00:10:45,410 liquidations is just absurd on this Look at this Bitcoin chart 210 00:10:45,420 --> 00:10:47,060 I'm showing on the screen. By the way for everyone we're 211 00:10:47,070 --> 00:10:49,750 live on xvideos and YouTube as you just have to 340 people 212 00:10:49,760 --> 00:10:52,000 watching us on video. It's a much better experience 213 00:10:52,010 --> 00:10:54,610 every single morning Monday to Friday 10:30 AM Eastern Standard 214 00:10:54,620 --> 00:10:56,760 Time. You can find us on at formal 215 00:10:56,770 --> 00:10:59,600 hour or just the rugby to YouTube or we're live every 216 00:10:59,650 --> 00:11:02,130 single say. But anyways, Mando, what are 217 00:11:02,140 --> 00:11:03,250 you? What are your thoughts on what 218 00:11:04,280 --> 00:11:07,160 on what I'll be sharing here? I think ohh Seth nailed if I'm 219 00:11:07,170 --> 00:11:12,240 honest in in in everything that I would say about about what 220 00:11:12,250 --> 00:11:14,190 this showed was going on the market. 221 00:11:14,980 --> 00:11:17,900 I was liquidated. I was looking in in 10s of 222 00:11:17,910 --> 00:11:22,310 thousands of dollars in that move I was luckily awake and I 223 00:11:22,320 --> 00:11:25,760 managed to to buy the the, the blood. 224 00:11:26,420 --> 00:11:29,510 It just felt like one of those moments where it was just a weak 225 00:11:29,520 --> 00:11:30,730 headline. We used to get these all the 226 00:11:30,740 --> 00:11:32,450 time. I mean we used to trade, trade 227 00:11:32,460 --> 00:11:36,180 like traditional finance like stocks and bonds and that sort 228 00:11:36,190 --> 00:11:38,140 of stuff. You'd see a headline and it'd be 229 00:11:38,150 --> 00:11:40,130 the first headline. Everyone just instantly sells 230 00:11:40,140 --> 00:11:44,150 and it cascades and then people look into the headline and go 231 00:11:44,160 --> 00:11:47,610 like, so one guy at Matrix Port thinks that you're going to get 232 00:11:47,660 --> 00:11:52,290 a an approval in Q2. That timeline makes no sense 233 00:11:53,260 --> 00:11:56,030 versus what it is. As I said this is the final, 234 00:11:56,110 --> 00:11:59,440 this is the final deadline if he can reject it but they have to 235 00:11:59,450 --> 00:12:01,990 come up with a very good reason and they're going to go to or if 236 00:12:02,000 --> 00:12:05,700 they reject it. So it seems like they're he's in 237 00:12:05,710 --> 00:12:08,360 a very, very tough spot to do that and all the indications is 238 00:12:08,370 --> 00:12:11,620 that he's not going to do that. There is some indication of the 239 00:12:11,630 --> 00:12:14,540 SEC has got a lot of work to do still before the deadline given 240 00:12:14,550 --> 00:12:18,440 they were it was over like the Christmas and New Year's period. 241 00:12:19,030 --> 00:12:21,220 But I think still think it's going to get done. 242 00:12:21,850 --> 00:12:23,740 I think this is a gift. I think it was a complete gift. 243 00:12:23,750 --> 00:12:26,600 It was one of those moments where like you had to just when 244 00:12:26,610 --> 00:12:30,000 it happened you had you could buy Solar 85. 245 00:12:30,010 --> 00:12:34,200 I think at one stage Bitcoin hit 40K East was just just north of 246 00:12:34,210 --> 00:12:37,540 2100. You, I mean, look at the charts 247 00:12:37,550 --> 00:12:40,940 and any single altcoin you were looking out over the last 24 248 00:12:40,950 --> 00:12:45,250 hours. They were just wild moves Ohh 249 00:12:45,300 --> 00:12:47,750 like some people got an incredible levels and that just 250 00:12:47,820 --> 00:12:52,350 that just proved that we we were able to reduce some of the 251 00:12:52,360 --> 00:12:56,890 leverage. Now some of these coins had 252 00:12:56,900 --> 00:12:58,090 some. Exactly like. 253 00:12:58,100 --> 00:13:00,570 Grooves. So so and that's normally a 254 00:13:00,580 --> 00:13:03,370 really good like that is a gift now because it's been cleared 255 00:13:03,380 --> 00:13:06,520 out, a lot of the excess leverage has been cleared out 256 00:13:07,690 --> 00:13:13,420 and funding all got reset. Leverage was high versus recent 257 00:13:13,430 --> 00:13:18,040 standards like actually leverage is not unbelievably high versus 258 00:13:18,050 --> 00:13:19,780 historical standards. Just to put into perspective 259 00:13:19,790 --> 00:13:23,740 like the open interest across crypto was much higher back in 260 00:13:23,750 --> 00:13:27,200 2021 and even early 22 when FTX was around. 261 00:13:27,270 --> 00:13:30,540 So we're we're at relatively high levels and a lot of that's 262 00:13:30,550 --> 00:13:35,020 been put onto the CME which is like the more traditional or 263 00:13:35,030 --> 00:13:37,440 trad fi exchange or trade crypto. 264 00:13:38,700 --> 00:13:40,730 But so but it was good to have this little wipe out. 265 00:13:40,740 --> 00:13:43,380 I think I think we can have a much cleaner price action now. 266 00:13:43,450 --> 00:13:47,040 I don't expect there now to be a volatile reaction either way on 267 00:13:47,050 --> 00:13:49,530 this ETF. It feels like a lot of that just 268 00:13:49,540 --> 00:13:54,380 got cleared out, but I would suspect that that sets the stage 269 00:13:54,390 --> 00:13:58,390 for us to be able to continue to rally now because a lot of that, 270 00:13:58,400 --> 00:14:01,990 a lot of that has been reset, just proves like my I got caught 271 00:14:02,000 --> 00:14:04,320 by as well. You can never, you can never out 272 00:14:04,330 --> 00:14:07,520 predict the market here. Yeah, things can go badly very, 273 00:14:07,530 --> 00:14:11,470 very quickly. But there's also massive 274 00:14:11,480 --> 00:14:13,510 opportunity. And those those exact moments of 275 00:14:13,520 --> 00:14:17,430 complete and utter fraud like the Wicks, the Wicks down in 276 00:14:17,440 --> 00:14:21,710 crypto are just while like you can get it's insane 3040% moves 277 00:14:21,720 --> 00:14:25,330 in altcoins, you can get 1020% moves in Bitcoin and ETH. 278 00:14:25,340 --> 00:14:28,660 Like it's it can, it can really be an opportunity. 279 00:14:28,670 --> 00:14:34,090 And I still think now Bitcoin is what it was at 45 K so it's down 280 00:14:34,100 --> 00:14:36,610 about 5% versus yesterday. Right now. 281 00:14:36,620 --> 00:14:39,270 Like that's still a, I think a decent entry. 282 00:14:39,280 --> 00:14:41,320 I can imagine there can be, so we're a bit choppy. 283 00:14:41,330 --> 00:14:45,020 Today I was looking at something like Solana, which is down down 284 00:14:45,030 --> 00:14:47,980 a decent amount on a day like today. 285 00:14:48,230 --> 00:14:53,210 I was looking at a few other coins interesting like ETH did. 286 00:14:53,220 --> 00:14:57,650 OK on the back of this. Uh, you've seen arbitrium hit. 287 00:14:57,660 --> 00:15:00,160 It's. Never really pumped in the 1st 288 00:15:00,170 --> 00:15:03,980 place, so that's that's a good side. 289 00:15:05,120 --> 00:15:08,750 Longer ETH narrative, at least over the last week or so from 290 00:15:08,760 --> 00:15:11,800 the L twos and the fact that E Brief briefly led the market for 291 00:15:11,810 --> 00:15:14,960 a while. But yeah, I think I think it's a 292 00:15:15,000 --> 00:15:17,000 it's an OK time to start layering to some. 293 00:15:17,050 --> 00:15:20,920 Layering back into some of the lungs is some alts are still 294 00:15:20,930 --> 00:15:22,840 down like 2030% if you like some of them. 295 00:15:22,850 --> 00:15:24,340 I think it's not. It's not a terrible day now. 296 00:15:25,290 --> 00:15:30,300 OK that's that's that's some good some good takes here by 297 00:15:30,310 --> 00:15:34,980 Mando and Ovie so thank you for for sharing here to just to to 298 00:15:34,990 --> 00:15:37,240 go back to the ETF stuff immediately. 299 00:15:37,250 --> 00:15:40,860 Eric always mess up his last name and if ever he listens to 300 00:15:40,870 --> 00:15:43,280 me I really apologise. Think about Tunas or Bakunas is 301 00:15:43,290 --> 00:15:47,460 one of the two. But who is a who is the senior 302 00:15:47,470 --> 00:15:50,420 ETF analyst for Bloomberg which is the person that you've all 303 00:15:50,430 --> 00:15:52,260 seen him on timeline. If you're somewhat like 304 00:15:52,270 --> 00:15:55,700 following the ETF news in OneNote there's usually like 305 00:15:55,780 --> 00:15:58,930 then this other person like the two most tapped Jay safe. 306 00:15:58,940 --> 00:16:01,950 Like these two guys usually are like 2 most tapped in people and 307 00:16:01,960 --> 00:16:04,090 all that. So he made he immediately went 308 00:16:04,100 --> 00:16:07,210 ahead and like answered that Marcus person that wrote the 309 00:16:07,220 --> 00:16:11,290 matrix report A funny enough the same day they tweeted about like 310 00:16:11,300 --> 00:16:14,490 or board report about how Bitcoin hit 50K and on the same 311 00:16:14,500 --> 00:16:18,460 exact day they put out a report fund report saying that tests 312 00:16:18,470 --> 00:16:21,030 are all going to be rejected. Just so you all know the levels 313 00:16:21,040 --> 00:16:22,850 of Syops happening in the space. Right. 314 00:16:22,860 --> 00:16:25,300 So this is kind of like what you're trading against when you 315 00:16:25,310 --> 00:16:28,650 leverage trading and I guess fuck around and find out. 316 00:16:28,660 --> 00:16:31,680 And your boy definitely found out this morning while he was. 317 00:16:31,690 --> 00:16:34,380 Asleep. By the way, it's Eric Guy. 318 00:16:34,430 --> 00:16:39,440 Eric Balchunas has been a senior ETF analyst and funds product 319 00:16:39,450 --> 00:16:41,570 specialist at Bloomberg for 24 years. 320 00:16:41,950 --> 00:16:44,780 This guy has literally lived and breathed ETS for 20. 4. 321 00:16:44,790 --> 00:16:46,460 Hours. He He's the right. 322 00:16:46,470 --> 00:16:48,120 I'd like to say he's the guy, right? 323 00:16:48,130 --> 00:16:49,340 Like that's. He's the guy hit. 324 00:16:49,350 --> 00:16:53,180 Yeah, him right. He has like 24 years in actual 325 00:16:53,190 --> 00:16:56,890 ETS, right. So like this guy or just like 326 00:16:56,900 --> 00:16:59,130 random laps on Twitter who are like, ohh, I don't think it's 327 00:16:59,140 --> 00:17:00,450 gonna happen. It's gonna get delayed. 328 00:17:00,680 --> 00:17:02,740 For like the larger. Literally zero reason. 329 00:17:02,750 --> 00:17:04,089 Yeah, right. So. 330 00:17:04,960 --> 00:17:08,319 I mean, but that that's why. That's why. 331 00:17:08,510 --> 00:17:13,349 I mean that's why it is very, I mean that's why there's so many 332 00:17:13,359 --> 00:17:15,390 opportunities in crypto because you do get a lot of market 333 00:17:15,400 --> 00:17:18,510 participants who don't really know what they're doing and 334 00:17:18,560 --> 00:17:21,050 don't understand like basic market things. 335 00:17:21,060 --> 00:17:24,369 But because there are so many of them, as you get a headline that 336 00:17:24,380 --> 00:17:28,960 spreads that is, you know, not factually correct or doesn't 337 00:17:28,970 --> 00:17:31,600 have good justification. If enough people spread it and 338 00:17:31,610 --> 00:17:34,150 enough people can get scared and it can move prices and you can 339 00:17:34,160 --> 00:17:36,860 get liquidated on level long. So it's a bit of a weird one 340 00:17:36,870 --> 00:17:39,750 because, like, you can be smart and have the right trade on and 341 00:17:39,840 --> 00:17:43,250 for the right outcome. But if enough like FUD and 342 00:17:43,260 --> 00:17:48,070 spread because of the lack of, you know, people's ability to 343 00:17:48,080 --> 00:17:50,380 think for themselves and actually understand what's going 344 00:17:50,390 --> 00:17:52,500 on here, then it can happen. You can, you can get wiped out. 345 00:17:52,510 --> 00:17:56,650 And you know, maybe that's just like a weird situation here. 346 00:17:56,660 --> 00:17:58,520 Like, I feel bad for people who do get liquidated. 347 00:17:59,290 --> 00:18:02,160 Umm, because it's just, I think it's going to end up being like 348 00:18:02,170 --> 00:18:05,980 a bogus research report and I think we'll come of it. 349 00:18:05,990 --> 00:18:08,820 But yeah, I guess that's part of the game, isn't it? 350 00:18:08,830 --> 00:18:11,060 The part of the game is managing your risk and figuring out like 351 00:18:11,110 --> 00:18:12,650 when you should have leverage when you shouldn't. 352 00:18:12,660 --> 00:18:16,880 And you know, shit happens in crypto, can get can get unlucky 353 00:18:16,890 --> 00:18:20,390 very quickly I think. Yeah no exactly so So to quote 354 00:18:20,450 --> 00:18:23,300 Eric Bakunas that person that just over was just mentioning. 355 00:18:23,310 --> 00:18:26,670 He said people tagging me like crazy on this rejection report. 356 00:18:26,750 --> 00:18:29,240 We have heard nothing to indicate anything but approval. 357 00:18:29,250 --> 00:18:31,700 But I want to give the guy benefit of doubt so I'm asking 358 00:18:31,710 --> 00:18:34,500 if he has any sources or if he is just speculating. 359 00:18:34,770 --> 00:18:38,980 He seems to be Bitcoin bull and recently tweeting tweeted 360 00:18:38,990 --> 00:18:44,400 executives said approval likely so unsure why he flipped and 361 00:18:44,410 --> 00:18:49,910 then he also continues and says at this point saying SEC 362 00:18:49,920 --> 00:18:52,300 rejecting it isn't just going against Jay safe. 363 00:18:52,310 --> 00:18:54,470 So that's the other person that will be just mentioned that's 364 00:18:54,480 --> 00:18:56,370 the other like you know analysts at Bloomberg. 365 00:18:56,380 --> 00:18:59,190 When it comes to chefs and expert and I like it what the 366 00:18:59,200 --> 00:19:01,430 only early days now you're basically saying multiple 367 00:19:01,440 --> 00:19:04,830 mainstream news report reporters with multiple sources of inside 368 00:19:04,840 --> 00:19:08,750 of this also have a wrong too Not saying it's impossible again 369 00:19:08,760 --> 00:19:13,070 we're still only only at 90% right at Bloomberg but it 370 00:19:13,080 --> 00:19:15,890 overturns a lot of the of the good Intel. 371 00:19:15,900 --> 00:19:19,730 So so you know well here you go. Here you have it. 372 00:19:19,740 --> 00:19:21,800 I mean bitcoins absolutely running right now about to hit 373 00:19:21,810 --> 00:19:25,390 45 K again so. So there's 43 K again. 374 00:19:25,400 --> 00:19:30,720 Sorry 45 forgot worth 42 points. Wait, my computers? 375 00:19:31,670 --> 00:19:33,940 We're gonna get another. I mean the ETF's gonna happen 376 00:19:33,950 --> 00:19:36,060 like this. Dumb headline dumb dumb, dumb 377 00:19:36,070 --> 00:19:38,720 headline. Um and complete. 378 00:19:39,290 --> 00:19:41,580 I can imagine it hitting the tapes that we used to get these 379 00:19:41,590 --> 00:19:43,720 on Bloomberg. How it normally set up. 380 00:19:43,730 --> 00:19:46,580 You get these terminals and the and the the news just like hits 381 00:19:46,590 --> 00:19:49,000 and often it hits. It's just the headline and they 382 00:19:49,010 --> 00:19:51,400 don't get the full article. I imagine that's how I hit the 383 00:19:51,410 --> 00:19:55,700 block because the block has a pro feature for like quicker, 384 00:19:55,710 --> 00:19:59,180 quicker news and I reckon it hit like that and everyone just 385 00:19:59,190 --> 00:20:02,080 fucking smashed it. Smash. 386 00:20:02,090 --> 00:20:04,920 Yeah, that's what happened this. Is just sending out this tweet 387 00:20:04,930 --> 00:20:07,360 right now. Max Payne for Bears is thinking 388 00:20:07,370 --> 00:20:10,320 the ETF was gonna get rejected, being uploaded money today, not 389 00:20:10,330 --> 00:20:12,940 covering it, and getting liquidated in less than a week. 390 00:20:13,150 --> 00:20:15,020 That's gonna happen to so many people. 391 00:20:16,120 --> 00:20:18,620 Happen. Listen at least I, I 392 00:20:18,630 --> 00:20:22,420 participated in the RLB burn by getting completely wiped out. 393 00:20:22,510 --> 00:20:26,060 Ohh someone. So someone had to take one for 394 00:20:26,070 --> 00:20:27,460 the team. I looked at their tweet about 395 00:20:27,470 --> 00:20:30,020 the burn today and it's mostly just people getting wiped out. 396 00:20:30,150 --> 00:20:34,680 And I was like at least I like I I I gave something right. 397 00:20:34,690 --> 00:20:38,360 So so you know so so I guess that that helped. 398 00:20:38,370 --> 00:20:40,260 Yeah. Your boy got completely wiped at 399 00:20:40,270 --> 00:20:42,720 like 5:00 in the morning while he was asleep. 400 00:20:42,770 --> 00:20:47,730 Woke up to, to watching, to walk up to to to liquidation emails. 401 00:20:47,740 --> 00:20:51,390 You'll have to see it or hate to see it, but but we're back in 402 00:20:51,400 --> 00:20:54,000 the trenches. You know my ancestors you know, 403 00:20:54,010 --> 00:20:57,430 didn't fight so hard to build the first empire in history so 404 00:20:57,440 --> 00:21:00,450 that, so that I don't, I don't go back get back in the trenches 405 00:21:00,580 --> 00:21:04,230 from my comfortable home in Montreal on a wonderful January, 406 00:21:04,640 --> 00:21:07,210 January morning right before ETF approvals. 407 00:21:07,280 --> 00:21:14,090 So Mama ain't raised no whip but maybe don't do that right. 408 00:21:14,540 --> 00:21:18,590 So that's what it is. Also it seems like wait let's 409 00:21:18,600 --> 00:21:21,530 see if this this yeah so there's a Walter Bloomberg actually just 410 00:21:21,540 --> 00:21:24,190 tweeted out I have been under vacations on for him so this 411 00:21:24,200 --> 00:21:26,930 just in from like one second ago he says. 412 00:21:27,240 --> 00:21:30,330 The SEC is holding meetings today with the exchanges NASDAQ, 413 00:21:30,340 --> 00:21:34,800 CBOE, NYSE to finalise comments on the 19 B 4S submitted by the 414 00:21:34,810 --> 00:21:37,670 BTC spot Bitcoin ETF issuers for Fox. 415 00:21:39,890 --> 00:21:41,830 Is happening, man. I'm telling you, it's happening. 416 00:21:41,910 --> 00:21:43,490 It's definitely. Happening. 417 00:21:43,570 --> 00:21:45,810 This is, this is some salt. This just came in. 418 00:21:45,820 --> 00:21:49,060 This is just in like one second ago from Walter Bloomberg. 419 00:21:49,070 --> 00:21:51,460 You know that guy D1 that's like super like early on all these 420 00:21:51,470 --> 00:21:53,160 like news and stuff and shares in fast. 421 00:21:53,330 --> 00:21:58,170 So the SEC's really meeting with the exchanges like the the, the, 422 00:21:58,260 --> 00:22:01,710 the financial exchanges to to finalise the comments. 423 00:22:01,840 --> 00:22:02,930 What does that what does that mean? 424 00:22:04,430 --> 00:22:07,640 That so this is actually what the SSU is to do like somebody 425 00:22:07,650 --> 00:22:10,580 else posted this before. This is why the Bloomberg people 426 00:22:10,590 --> 00:22:13,780 said it wouldn't get approved on like the second or third or 427 00:22:13,790 --> 00:22:16,760 whether they said it could be approved by because the SEC has 428 00:22:16,770 --> 00:22:19,260 to go back with comments. There's like a there's like a 429 00:22:19,270 --> 00:22:22,040 protocol here. So like after the final 430 00:22:22,050 --> 00:22:27,030 amendments from the issuers, they actually have to go back 431 00:22:27,040 --> 00:22:28,800 with the SEC has to reply with comments. 432 00:22:28,810 --> 00:22:31,460 So there was going to be some procedural process here. 433 00:22:31,510 --> 00:22:34,120 So this is just another path and the procedural process. 434 00:22:34,130 --> 00:22:38,830 It is the final 1 that the SEC has to go back with comments and 435 00:22:38,840 --> 00:22:41,360 then it will then it will ideally go to approval. 436 00:22:42,190 --> 00:22:43,800 OK, OK, perfect. All right. 437 00:22:43,810 --> 00:22:47,800 Look like it looks like it looks like this is some good, good 438 00:22:47,810 --> 00:22:50,440 information. All things ETF here. 439 00:22:50,450 --> 00:22:52,740 I mean, it's gonna happen. It's just a matter of when I 440 00:22:52,750 --> 00:22:54,570 got. I gotta say, ohh, I'm loving the 441 00:22:54,580 --> 00:22:56,400 bull posting. We need you to continue. 442 00:22:56,470 --> 00:23:00,020 We need you to fight those nasty, nasty bears. 443 00:23:00,030 --> 00:23:02,100 You know what's funny? All the bears that had my 444 00:23:02,110 --> 00:23:05,320 notifications on that, like stopped tweeting for a bit. 445 00:23:05,390 --> 00:23:09,220 They all came back this morning calling for like 3038 K Bitcoin. 446 00:23:09,430 --> 00:23:11,300 All of them. All of them. 447 00:23:11,830 --> 00:23:14,080 All of them. Are there any left? 448 00:23:14,230 --> 00:23:16,790 Seriously. Really. 449 00:23:16,800 --> 00:23:18,210 I saw. Twitter on them. 450 00:23:18,720 --> 00:23:21,970 They are, they are, they're lady are there and there. 451 00:23:21,980 --> 00:23:24,750 Are people out there who think it's not gonna get approved or 452 00:23:24,760 --> 00:23:26,970 delayed and they think it's gonna go to 36 K like people? 453 00:23:26,980 --> 00:23:30,610 Still listing all the argue with someone in a DM right now as 454 00:23:30,620 --> 00:23:31,850 he's on the show. So it's. 455 00:23:31,900 --> 00:23:36,100 I mean, I mean, I love the energy. 456 00:23:36,160 --> 00:23:38,810 I love the energy. Ovi keep it coming. 457 00:23:38,920 --> 00:23:41,490 The tweets this morning were great except there was where you 458 00:23:41,500 --> 00:23:44,010 said that people deserve to get liquidated like that one hurt. 459 00:23:44,070 --> 00:23:46,190 But it's OK. It's OK. 460 00:23:46,300 --> 00:23:48,920 You know, it's OK. You know, I I woke up this 461 00:23:48,930 --> 00:23:54,320 morning, got $100,000 like it says the new Jag, right? 462 00:23:54,330 --> 00:23:56,480 Third day of Jan. But there's nothing better to 463 00:23:56,490 --> 00:23:59,300 humble you up than waking up with $100,000. 464 00:23:59,310 --> 00:24:03,640 Cold shower if they thought that cold plunge feels good. 465 00:24:03,710 --> 00:24:06,650 It feels though that that's good for the humble you up and make 466 00:24:06,660 --> 00:24:09,100 you feel better. Imagine getting an e-mail saying 467 00:24:09,390 --> 00:24:11,220 that you're liquidated for 100 racks. 468 00:24:11,530 --> 00:24:14,820 You know that's that's a quick short lesson in humility right 469 00:24:14,830 --> 00:24:16,960 there folks. Let me tell you that, you know, 470 00:24:16,970 --> 00:24:18,740 January 1st, you think you're on top of the world. 471 00:24:18,790 --> 00:24:22,780 January 3rd, you're nothing but a little cockroach partaking in 472 00:24:22,790 --> 00:24:28,830 the Robit RB Good anyways. Liquidated for 600 grand on one 473 00:24:28,840 --> 00:24:33,630 day on a on a on Binance and I think it was that was that was a 474 00:24:33,640 --> 00:24:36,560 tough day. When was that like? 475 00:24:37,170 --> 00:24:39,420 That was, yeah, that was that was here in the show. 476 00:24:39,470 --> 00:24:40,860 Is that your worst liquidation day? 477 00:24:41,150 --> 00:24:43,200 That's been my worst liquidation day in crypto. 478 00:24:43,270 --> 00:24:45,220 Was that that day you just randomly disappeared? 479 00:24:47,440 --> 00:24:50,890 How is it different? Ohh stuff as well. 480 00:24:51,160 --> 00:24:52,570 But I remember the show going on. 481 00:24:53,250 --> 00:24:56,810 I was like, dude, I've literally just lost so much money. 482 00:24:57,340 --> 00:24:58,470 You were on. You were on. 483 00:24:58,480 --> 00:25:01,240 I was like Bando. I was like, I was like, don't 484 00:25:01,250 --> 00:25:03,430 start fucking leaving the show like that. 485 00:25:03,440 --> 00:25:04,710 Like we're not, We don't do that. 486 00:25:04,780 --> 00:25:06,980 And then he was like, dude, the medals, like, frogs. 487 00:25:06,990 --> 00:25:11,200 Shut the fuck up. Like and now I'm finding out 488 00:25:11,210 --> 00:25:14,380 because you lost 600 grand and in a in a wig. 489 00:25:14,630 --> 00:25:16,350 That was another bad one, but there. 490 00:25:16,360 --> 00:25:18,540 Was another bad one. But you see poor being there's a 491 00:25:18,550 --> 00:25:20,340 lot of bad ones, right? So you see all these wins, 492 00:25:20,350 --> 00:25:21,350 right? But there's a lot of bad ones. 493 00:25:21,360 --> 00:25:23,540 For me, the two biggest liquidation events are the two 494 00:25:23,550 --> 00:25:26,360 times I left lungs overnight. OK, the first time was the 495 00:25:26,370 --> 00:25:28,020 biggest liquidation event since FTX. 496 00:25:28,720 --> 00:25:32,210 It was 120, so why does a hole in my wall still? 497 00:25:32,220 --> 00:25:35,290 I should probably patch that up before cutting, rankling. 498 00:25:36,660 --> 00:25:38,120 Let's say this chair went flying. 499 00:25:38,290 --> 00:25:40,680 It was my first time ever popped my cherry. 500 00:25:40,930 --> 00:25:44,630 It is what it is. And then the second time is last 501 00:25:44,640 --> 00:25:47,220 night or this morning at 6:00 in the morning, let's put it this 502 00:25:47,230 --> 00:25:51,610 way, so today, which was one of the biggest liquidations events 503 00:25:51,620 --> 00:25:54,740 again. So it's like I'm just, I'm so 504 00:25:54,750 --> 00:25:59,800 lucky. OK, crypto can humble you there. 505 00:25:59,810 --> 00:26:02,080 There is no safety net with those Wicks man. 506 00:26:02,090 --> 00:26:04,720 Like you just have to take it. It's it. 507 00:26:04,730 --> 00:26:06,350 It's true, right? Because like when you go to bed 508 00:26:06,360 --> 00:26:08,860 at 45 K Bitcoin, you don't think you're gonna wake up at 6:00 in 509 00:26:08,870 --> 00:26:11,580 the morning to $40,000 price. You you did he. 510 00:26:13,040 --> 00:26:15,960 Don't it's. It's there for the briefest of 511 00:26:16,020 --> 00:26:19,040 like 30 seconds, and then it's and then it's back. 512 00:26:19,170 --> 00:26:21,820 It's not like it hangs out. It's not like my lick price was 513 00:26:21,830 --> 00:26:24,340 40.6 this morning, right? So it's not like it hung out at 514 00:26:24,350 --> 00:26:26,340 40.6. Like by the time I woke up at 515 00:26:26,350 --> 00:26:29,970 7:00 AM, it was 42 grand. So when you guys texted me about 516 00:26:29,980 --> 00:26:31,570 this stuff, I'm checking the charts. 517 00:26:31,580 --> 00:26:34,010 I'm like, no way, bro. And I didn't want to get out of 518 00:26:34,020 --> 00:26:36,200 bed. And then I looked. 519 00:26:36,730 --> 00:26:41,580 Solana is a what? A $40 billion coin 83. 520 00:26:41,650 --> 00:26:48,800 That's a 30% move, 30% move, like you're sitting there with 521 00:26:48,810 --> 00:26:52,950 3X leverage and you think you're fine and then you just get you 522 00:26:52,960 --> 00:26:56,030 get smashed and it's there is there for a millisecond. 523 00:26:56,120 --> 00:26:58,290 And then that's crazy. So you tell me you'd be wiped on 524 00:26:58,300 --> 00:27:01,100 Solana with 3X leverage? I think it was at 1:15 525 00:27:01,110 --> 00:27:02,410 yesterday, right? Like roughly. 526 00:27:04,020 --> 00:27:06,670 Not really, but. I think, I think. 527 00:27:06,680 --> 00:27:08,710 It was. Ohh, go ahead to 1:15. 528 00:27:08,720 --> 00:27:10,410 Yeah. Look at Bitcoin. 529 00:27:10,420 --> 00:27:14,840 Go here but big thank. You. 530 00:27:15,450 --> 00:27:16,270 I'm sorry. You're right. 531 00:27:16,280 --> 00:27:18,220 So we're not top wicked that 116 yesterday. 532 00:27:18,230 --> 00:27:20,170 But it was a flash Nando, it was not like. 533 00:27:20,180 --> 00:27:23,700 And then it hit. 83 today, that's a 30% Wick in a day. 534 00:27:25,280 --> 00:27:28,410 Like this is literally like run back, run back. 535 00:27:28,420 --> 00:27:31,000 TLDR here. Run back to TLDR on screen here. 536 00:27:31,770 --> 00:27:35,550 Moral of the story You see all these like keyboard monkeys and 537 00:27:35,560 --> 00:27:38,450 Mando minutes on these leaderboards are that are 538 00:27:38,460 --> 00:27:40,540 killing it. But there's a lot more people 539 00:27:40,550 --> 00:27:45,210 losing money leverage. So I just, I think that's a good 540 00:27:45,220 --> 00:27:48,650 moral of the story though we are absolutely ripping and that's on 541 00:27:48,660 --> 00:27:50,870 the back of the breaking news that just came in earlier about 542 00:27:50,880 --> 00:27:52,660 the meetings. Breaking news Bitcoin is 543 00:27:52,670 --> 00:27:54,900 actually going ahead. Ohh, hold on. 544 00:27:54,910 --> 00:27:57,560 Should we hit the break now? OK, so should we just like 545 00:27:57,610 --> 00:28:01,160 should rug radio and decrypt just like act as reverse matrix 546 00:28:01,170 --> 00:28:04,140 report and stuff like that? I saw the block and matrix 547 00:28:04,150 --> 00:28:05,940 report just hammered down this news. 548 00:28:05,990 --> 00:28:10,180 Should we act as like reverse and be like that's not true. 549 00:28:10,250 --> 00:28:13,560 It's happening and then like and then, you know you're just 550 00:28:13,710 --> 00:28:18,620 become a hero, you know? I mean you have soccer tweeting, 551 00:28:18,630 --> 00:28:20,570 like look at rugby. You save the markets, you know? 552 00:28:20,580 --> 00:28:22,210 I mean like this. That shit I'm supposed to be. 553 00:28:22,220 --> 00:28:23,620 Doing We need an. Need an intern. 554 00:28:23,680 --> 00:28:26,730 You need an intern who has was very loose morals with. 555 00:28:26,740 --> 00:28:31,560 The truth There is no Internet. And you just you just bull post. 556 00:28:33,110 --> 00:28:35,130 What are the person or persons show producers? 557 00:28:35,140 --> 00:28:37,270 The one with the case of this to the to the Kingdom. 558 00:28:37,640 --> 00:28:38,970 You know we. Couldn't feed him some 559 00:28:38,980 --> 00:28:41,520 misinformation. Like, no, no, no. 560 00:28:41,720 --> 00:28:44,110 Potenza resigns. Gensler resigns. 561 00:28:44,120 --> 00:28:47,220 Tweet it out. Stop. 562 00:28:47,270 --> 00:28:50,960 It's fire. Hold on, stop. 563 00:28:51,030 --> 00:28:52,980 We will not be feeding misinformation. 564 00:28:52,990 --> 00:28:56,020 I just want to put it out there. Opinions of the show hosts are 565 00:28:56,030 --> 00:28:59,910 their own. OK, let's pick our most bullish 566 00:28:59,920 --> 00:29:02,510 possible headline ETF is approved. 567 00:29:02,520 --> 00:29:07,010 Gensler resigns Lana to get to get adopted by Google. 568 00:29:08,410 --> 00:29:11,040 So that I can see, yeah. We we all know what happened to 569 00:29:11,050 --> 00:29:12,340 Gensler boys. I've already said, I already 570 00:29:12,350 --> 00:29:15,140 told. You point is fucking raging 571 00:29:15,150 --> 00:29:16,810 pumping right now. You know what it is though on 572 00:29:16,820 --> 00:29:19,020 the flip side and then we say not to leverage, but I will rent 573 00:29:19,030 --> 00:29:21,000 Max long as soon as I got liquidated. 574 00:29:21,010 --> 00:29:24,710 So I guess that's not bad. He was left. 575 00:29:25,230 --> 00:29:29,070 Again, here we go. Whatever you say, say that 576 00:29:29,080 --> 00:29:31,650 fucking $0.82. Says it just hit an all time 577 00:29:31,660 --> 00:29:34,710 high at $0.87. Ohh, paralysed DVM. 578 00:29:36,400 --> 00:29:38,450 That's isn't that polygons you narrative? 579 00:29:38,740 --> 00:29:40,320 It's everyone's fucking narrative. 580 00:29:40,330 --> 00:29:40,810 I've. I've. 581 00:29:40,820 --> 00:29:44,500 Read about the narrative. You know, we latching on two 582 00:29:44,510 --> 00:29:46,480 boys. What's the new narrative 583 00:29:46,590 --> 00:29:48,900 parallelized? I don't even know what that 584 00:29:48,910 --> 00:29:50,460 means. Like I'm not even gonna fake 585 00:29:50,470 --> 00:29:52,080 like. Nobody knows what it's means, 586 00:29:52,090 --> 00:29:53,740 but it's not. It's rocking it. 587 00:29:56,310 --> 00:30:00,970 OK ohh no. We have, we have we even have we 588 00:30:00,980 --> 00:30:04,380 even have what? Hold on. 589 00:30:04,610 --> 00:30:06,460 I think we just got the reference. 590 00:30:09,660 --> 00:30:11,710 That's just a great, that's just great. 591 00:30:11,720 --> 00:30:14,870 Like someone should click that. It's just like some fucking sums 592 00:30:14,880 --> 00:30:20,190 up crypto, doesn't it? It's so you know. 593 00:30:20,200 --> 00:30:22,720 Next time this happens, though, like we're gonna like OV like, 594 00:30:22,730 --> 00:30:25,440 we're gonna just like we should be posting screenshots of these 595 00:30:25,450 --> 00:30:27,820 deadlines and just teach my fuckers like what it means, you 596 00:30:27,830 --> 00:30:32,230 know? Like and and and you know, and 597 00:30:32,240 --> 00:30:34,910 then we'll figure it out. Anyways, enough market talk, 598 00:30:34,920 --> 00:30:36,670 Dan. This shows a whole market talk. 599 00:30:36,680 --> 00:30:38,900 I'm not gonna lie, I kind of like it, especially in these 600 00:30:38,910 --> 00:30:41,040 times. You know what we should try and 601 00:30:41,050 --> 00:30:42,220 get? I would love to get Eric 602 00:30:42,230 --> 00:30:44,080 Blackness or like that Jason guy on the show. 603 00:30:44,150 --> 00:30:47,500 I wonder why is it lying to them and how do they ever do like 604 00:30:47,510 --> 00:30:49,690 interviews outside of Bloomberg? They probably always on 605 00:30:49,700 --> 00:30:51,810 Bloomberg TV, right? I'm assuming. 606 00:30:51,820 --> 00:30:54,830 These guys, yeah, we should. We should be cool to have them 607 00:30:54,840 --> 00:30:56,730 on because. They follow. 608 00:30:58,280 --> 00:31:01,740 Over Jack Jay Safe does respond to me sometimes. 609 00:31:01,750 --> 00:31:04,960 Sometimes I I sort of like send him this message and I say I 610 00:31:04,970 --> 00:31:09,500 would like like the last message I sent to him was like or reply 611 00:31:09,510 --> 00:31:13,110 to this thing was like I said how did we said gone up your bum 612 00:31:13,160 --> 00:31:19,930 does it does it does the ETF get approved before or after January 613 00:31:19,940 --> 00:31:22,080 1st And he said. Well, hey, who are you thinking 614 00:31:22,090 --> 00:31:27,590 about this isn't bad. I'm, I'm, I'm, I'm in. 615 00:31:27,600 --> 00:31:30,070 I'm in, Eric. Anyway, get GET response out. 616 00:31:31,710 --> 00:31:38,490 My co-host and I our were our big fans, big fans and would 617 00:31:38,500 --> 00:31:43,210 love to get you on the show to talk BTC ETF. 618 00:31:43,800 --> 00:31:48,070 Would that interest you? That's how you do it folks. 619 00:31:48,080 --> 00:31:51,610 This is how you you you call you, you, you know you you build 620 00:31:51,620 --> 00:31:55,330 an audience in this space. You know, one called DM. 621 00:31:56,200 --> 00:32:02,070 One called DM at a time. Anyways, we're meant to host 622 00:32:02,080 --> 00:32:05,230 this show. Oh my God, I. 623 00:32:07,650 --> 00:32:10,040 OS tweets man. Wait, wait. 624 00:32:10,080 --> 00:32:11,710 Isn't tweeting right? OK, you know what? 625 00:32:11,720 --> 00:32:13,740 Let's let's just hold on. Let's go look at what was said. 626 00:32:13,750 --> 00:32:15,780 I'm sorry. I know we we're like hitting all 627 00:32:15,790 --> 00:32:17,450 time, high numbers. You were like 400 people on 628 00:32:17,460 --> 00:32:18,820 video right now. One second. 629 00:32:18,830 --> 00:32:21,880 Y'all. Let me let me see What what SF 630 00:32:21,890 --> 00:32:25,130 is tweeting here real quick. What do you? 631 00:32:26,290 --> 00:32:28,360 No, we're laughing about something else. 632 00:32:28,490 --> 00:32:30,700 Ohh, OK. These lads have combined 633 00:32:30,710 --> 00:32:32,690 expertise of do I follow that Jason guy? 634 00:32:32,700 --> 00:32:34,520 Let me follow Jason guy too. You know what? 635 00:32:34,570 --> 00:32:37,040 I can't wait. I'm like, for me like Matrix 636 00:32:37,050 --> 00:32:39,080 Report has become a sore nemesis. 637 00:32:39,190 --> 00:32:43,260 Like sore nemesis. And that Marcus guy like is my 638 00:32:43,270 --> 00:32:45,100 enemy. Like I've moved on. 639 00:32:45,730 --> 00:32:47,470 That's a Dick punch. That is today's me. 640 00:32:47,480 --> 00:32:50,300 That's like a proper Dick punch. That was a proper Dick punch, 641 00:32:50,310 --> 00:32:54,000 dude. Fucking bitcoins for 45 what, 5 642 00:32:54,010 --> 00:32:58,630 to like 40.2 on certain exchanges like Robert had at 643 00:32:58,640 --> 00:33:01,970 40.2 the bottom wig like this shit is crazy. 644 00:33:02,300 --> 00:33:05,390 Like that was that. Was saying like I, I, I I mean I 645 00:33:05,400 --> 00:33:07,290 do I do this minutes thing every single day. 646 00:33:07,330 --> 00:33:10,670 Matrix port regularly give out wild predictions. 647 00:33:10,720 --> 00:33:13,060 For can you really dive into that What is Matrix report? 648 00:33:13,070 --> 00:33:15,100 Cause a lot of people are saying how does someone with 19,000 649 00:33:15,110 --> 00:33:17,040 followers have so much power? It's not the digital. 650 00:33:17,640 --> 00:33:19,250 Or it's a it's a digital asset platform. 651 00:33:19,260 --> 00:33:21,320 I believe they put, they put out public research. 652 00:33:21,600 --> 00:33:25,320 I'm pretty sure in December like I remember them saying they 653 00:33:25,330 --> 00:33:30,810 think Bitcoin is going to go to 125 in 2024, but I'm certain I I 654 00:33:30,820 --> 00:33:35,630 certain I read that. So like these guys are putting 655 00:33:35,640 --> 00:33:38,700 out wild predictions for for Bitcoin price and at the same 656 00:33:38,710 --> 00:33:41,770 time I think the ETF is gonna get get not happen or somehow 657 00:33:41,780 --> 00:33:45,710 happen in Q2. Yeah, here we go. 658 00:33:45,720 --> 00:33:49,420 Bitcoin to hit 125 K in 2024, according to Matrix Report. 659 00:33:49,430 --> 00:33:52,730 Yeah, I so I didn't realise that Marcus guy and Eric Balchunas 660 00:33:52,740 --> 00:33:54,880 are actually like getting into it on Twitter. 661 00:33:55,160 --> 00:33:57,990 So that guy. So Eric called him out, right, 662 00:33:58,000 --> 00:34:00,510 Because he said like, you know, Matrix Report took the red and 663 00:34:00,520 --> 00:34:04,210 the blue pill in one day. And then Marcus guys, goes, no, 664 00:34:04,220 --> 00:34:07,740 I changed my view, OK? You mean you changed your? 665 00:34:07,750 --> 00:34:09,139 Position. Thank you for that. 666 00:34:10,010 --> 00:34:14,860 Like, that's so crazy, right? And and then Eric, go, well, 667 00:34:14,870 --> 00:34:16,679 hold on. Let me just let me just you mean 668 00:34:16,750 --> 00:34:19,820 you change your long to a short right. 669 00:34:21,440 --> 00:34:24,090 And then and he goes, oh hey thanks for responding. 670 00:34:24,100 --> 00:34:25,969 Why? And do you have any sources or 671 00:34:25,980 --> 00:34:29,350 purely opinion? Like it's so crazy to me that 672 00:34:29,360 --> 00:34:32,639 someone, so this guy literally just saying openly just 673 00:34:32,650 --> 00:34:35,679 admitting that he changed his view and therefore wrote on 674 00:34:35,690 --> 00:34:38,820 behalf of the Matrix report that like there's not going to be an 675 00:34:38,830 --> 00:34:41,210 ETF? But to be clear, to be clear 676 00:34:41,639 --> 00:34:45,900 that he can change his view. Change my view, it's just. 677 00:34:46,770 --> 00:34:48,699 Changed my view on behalf of all rock radio. 678 00:34:50,110 --> 00:34:52,960 The concept that like the market was just way too overextended 679 00:34:52,969 --> 00:34:54,550 like this. This is the line that people 680 00:34:54,560 --> 00:34:57,000 would just ignore. Like in most scenarios. 681 00:34:57,050 --> 00:35:01,300 Matrix Port give out wild wild predictions for Bitcoin every 682 00:35:01,410 --> 00:35:04,990 week and no one ever fucking looks at them. 683 00:35:05,000 --> 00:35:07,500 But the the first time there's one that says they might not 684 00:35:07,510 --> 00:35:10,390 happen and bitcoins gonna 38 K we puke. 685 00:35:10,460 --> 00:35:13,010 That kind of just tells you how How like. 686 00:35:13,140 --> 00:35:15,090 Someone's someone's paid this guy off. 687 00:35:15,440 --> 00:35:16,810 So I'll tell you what's happened. 688 00:35:18,160 --> 00:35:21,550 Guys working and before working at at Matrix report. 689 00:35:21,600 --> 00:35:23,370 I'm just like God here. We. 690 00:35:23,380 --> 00:35:25,290 Go. I'm just saying. 691 00:35:25,460 --> 00:35:28,530 I'm just saying. I'm just saying, this guy whose 692 00:35:28,540 --> 00:35:33,150 previous job was JP Morgan? OK, Jamie Dimon, OK, whatever 693 00:35:33,160 --> 00:35:34,010 you say. His name? 694 00:35:34,340 --> 00:35:37,990 Yeah, he's a demon, even guy that works at JP Morgan, right? 695 00:35:38,000 --> 00:35:41,270 Jamie Diamond. Like whatever. 696 00:35:41,280 --> 00:35:42,720 The fuck. OK, I don't care. 697 00:35:42,730 --> 00:35:45,280 That guy has said that if it was him, he would make crypto 698 00:35:45,290 --> 00:35:48,960 illegal and close crypto just so he can be named on the fucking 699 00:35:48,970 --> 00:35:52,400 Black Rock papers as like a signer, whatever the fuck it is. 700 00:35:52,470 --> 00:35:57,910 And then this happening by next JP Morgan analyst, right? 701 00:35:59,250 --> 00:36:01,460 Yeah. Yeah, I'm someone someone 702 00:36:01,920 --> 00:36:03,650 someone someone paid this guy off. 703 00:36:03,900 --> 00:36:05,750 Grey Black Rock is buying Bitcoin. 704 00:36:05,900 --> 00:36:08,590 I think people forget today Black Rock is seeding Bitcoin 705 00:36:08,780 --> 00:36:10,730 for the ETF. They're buying $10 million worth 706 00:36:10,740 --> 00:36:13,300 of Bitcoin like. Maybe BlackRock did it? 707 00:36:14,200 --> 00:36:18,130 You there is a cabal and it's not on Twitter, just so that 708 00:36:18,140 --> 00:36:21,480 people can remember that it's much higher. 709 00:36:21,770 --> 00:36:24,190 Larry. Naza. 710 00:36:24,890 --> 00:36:27,260 Yeah, it was. Very wanted one last Larry, 711 00:36:27,270 --> 00:36:30,840 wanted one last crack and JP Morgan one last crack at 40K 712 00:36:30,850 --> 00:36:33,500 Bitcoin. It is the last time you seen 40K 713 00:36:33,510 --> 00:36:36,990 Bitcoin until like a long time. Yeah. 714 00:36:37,160 --> 00:36:39,230 Do you think that's the last time ever you That's it. 715 00:36:40,180 --> 00:36:42,330 Never again. Probably get another bear market 716 00:36:42,340 --> 00:36:46,250 one day, right? So I don't say never, you know I 717 00:36:46,260 --> 00:36:51,010 mean, but I, I, you know, maybe it's the last time we see the 718 00:36:51,020 --> 00:36:52,570 cycle. Unless it's sad news about 719 00:36:52,580 --> 00:36:56,430 everybody loves to talk about is insane anyways. 720 00:36:56,740 --> 00:37:04,990 Um, wow. OK who's OK? 721 00:37:05,090 --> 00:37:08,580 Anyways, point being what else do we what else we do you come 722 00:37:08,590 --> 00:37:10,270 here to talk about? Cause we just spent like 51 723 00:37:10,280 --> 00:37:12,060 minutes talking about Ohh NFT right? 724 00:37:12,070 --> 00:37:14,410 Thank you Sims. We spent 51 minutes of the hour 725 00:37:14,420 --> 00:37:16,330 long show talking about the market. 41 minutes. 726 00:37:16,340 --> 00:37:20,130 Sorry. Anyways, and as we. 727 00:37:21,110 --> 00:37:24,900 And. He's entities got hammered right 728 00:37:24,910 --> 00:37:26,790 on this move down like every single mean. 729 00:37:26,800 --> 00:37:31,120 Particularly because it's on Solana and Solana went to 83, so 730 00:37:31,200 --> 00:37:34,820 suddenly the dog with hat suddenly bonk all these all 731 00:37:34,830 --> 00:37:38,740 these like ecosystem plays. This is something to learn 732 00:37:38,750 --> 00:37:42,980 actually if you're a listener. Ecosystem plays are horrific 733 00:37:43,070 --> 00:37:47,270 when the chain that they're on goes down, particularly like 734 00:37:47,320 --> 00:37:50,350 emerging ecosystem players. Like if you're out there buying 735 00:37:50,600 --> 00:37:55,350 say mean coins or say ecosystem coins right now, the day that 736 00:37:55,360 --> 00:37:58,890 say goes down 10%, your coin isn't going to be down 10%, it's 737 00:37:58,900 --> 00:38:01,850 going to be down like 4050%. So it'd be very, very wary of 738 00:38:01,860 --> 00:38:03,720 that. But Salon actually has a proper 739 00:38:03,730 --> 00:38:07,430 ecosystem with TBL. But for just be wary very very 740 00:38:07,440 --> 00:38:10,790 wary of doing that on things like injective say I don't know 741 00:38:11,200 --> 00:38:15,170 even even arbitrary right But like I would say I would say 742 00:38:15,180 --> 00:38:17,160 you've seen it today what happened with Solana all the 743 00:38:17,170 --> 00:38:21,640 mean coins got hammered um you can buy cheap memes right now 744 00:38:21,810 --> 00:38:25,960 NFTS largely has been the trading has been happening on on 745 00:38:26,010 --> 00:38:31,270 on Bitcoin and on on Solana. Gordon did a round of buys 746 00:38:31,280 --> 00:38:34,080 yesterday. He bought he bought a no monkey 747 00:38:35,270 --> 00:38:38,460 now no monkeys is this is this incredibly popular Bitcoin 748 00:38:38,670 --> 00:38:41,480 ordinals drop. They were actually inscribed 749 00:38:41,490 --> 00:38:44,390 back in February. So like they have a they have 750 00:38:44,400 --> 00:38:48,670 some historical significance to them so deep which is a fairly 751 00:38:48,680 --> 00:38:52,180 low it's inscription number. They just seem to have built a 752 00:38:52,190 --> 00:38:53,430 community behind them pretty quick. 753 00:38:53,440 --> 00:38:55,460 Well it was good marketing. They got on board a lot of 754 00:38:55,470 --> 00:38:58,130 different people and they pumped all the way from nought .2 755 00:38:58,140 --> 00:39:00,230 Bitcoin. Uh, which? 756 00:39:00,300 --> 00:39:05,360 What is nought .2 Bitcoin like? 869. 8. 757 00:39:06,020 --> 00:39:10,270 Yeah, it's a lot of math. Umm, yeah. 758 00:39:10,280 --> 00:39:15,650 So kind of a wild move there and Gordon bought one. 759 00:39:16,360 --> 00:39:18,620 You saw like we were going to speak out yesterday, but it's 760 00:39:18,630 --> 00:39:22,510 been record ordinance volumes, just shy of 900 million 761 00:39:22,600 --> 00:39:29,450 ordinance volumes in December. Solana also overtook ETH for NFT 762 00:39:29,460 --> 00:39:33,010 volumes. And you've seen a lot of, I 763 00:39:33,020 --> 00:39:36,750 would say, panic selling. I would say an FT, 90% of all 764 00:39:36,760 --> 00:39:40,130 sales right now. Are people hitting bids on Blur 765 00:39:40,140 --> 00:39:43,130 at the moment? That people have been throwing 766 00:39:43,140 --> 00:39:46,550 in the towel on a lot of ethnicities and clearly trying 767 00:39:46,560 --> 00:39:47,960 to rotate into other different things. 768 00:39:47,970 --> 00:39:49,820 But that that's kind of the highest it's ever been. 769 00:39:49,830 --> 00:39:52,840 And if two stats without a good thing yesterday, just just 770 00:39:52,850 --> 00:39:55,120 highlighting how high that was on a relative basis. 771 00:39:55,130 --> 00:39:57,280 So people have really been feeling the opportunity cost of 772 00:39:57,290 --> 00:40:01,040 the market right now. Most of the like the top NFT's 773 00:40:01,050 --> 00:40:02,800 have still been relatively stable. 774 00:40:02,850 --> 00:40:05,360 They've also been some some decent art drops. 775 00:40:05,370 --> 00:40:09,070 I think Aston Martin and Rip Cash did two different art 776 00:40:09,080 --> 00:40:11,720 drops, one on soil and one-on-one on ordinals. 777 00:40:11,770 --> 00:40:15,240 Solana, you have the. Drugs um, which kind of are 778 00:40:15,250 --> 00:40:17,910 dominating, but they're they're swinging about a lot now. 779 00:40:18,060 --> 00:40:22,410 I Gordon bought one which which managed to keep them keep them 780 00:40:22,420 --> 00:40:24,660 in the top charts but like I think they've they've dropped at 781 00:40:24,670 --> 00:40:27,500 least 3040% from that from that high. 782 00:40:29,300 --> 00:40:34,030 Yeah like I I haven't seen much else there for in terms of like 783 00:40:34,040 --> 00:40:38,210 massive massive NFT sales it's mainly been mainly been ordinal 784 00:40:38,220 --> 00:40:40,630 stuff which has been has been dominating. 785 00:40:41,260 --> 00:40:46,810 You had some ordinal rocks are trading some rare original punks 786 00:40:46,820 --> 00:40:50,950 trading but yeah that's that's kind of where the action is 787 00:40:50,960 --> 00:40:53,810 happening And then Solana. I imagine today is going to be a 788 00:40:53,820 --> 00:40:58,640 very bad day for Solana FTT's given given how bad removed and 789 00:40:58,650 --> 00:41:00,720 all the all the all the meme coins moved. 790 00:41:01,890 --> 00:41:05,390 I think, I think that I think with wicked like 80 mil OE. 791 00:41:05,790 --> 00:41:07,160 I don't know if I saw that right. 792 00:41:07,210 --> 00:41:10,120 A lot of things, a lot of things were pretty deep Wick lower 793 00:41:10,130 --> 00:41:12,760 because I think they were already for sale and then you 794 00:41:12,770 --> 00:41:15,740 just had Solana move like 20 or 30% whatever. 795 00:41:15,750 --> 00:41:18,680 So presumably they're bots trading all the stuff now. 796 00:41:18,690 --> 00:41:23,340 So like they would be programmed to like, you know, like sell 797 00:41:23,350 --> 00:41:25,520 based on. You know what someone lefties 798 00:41:25,530 --> 00:41:27,720 are not, you know, Mad Laser 152? 799 00:41:27,730 --> 00:41:29,530 They're actually not. Down. 800 00:41:29,660 --> 00:41:31,600 They've done OK. Then, since Laurens are 92 with 801 00:41:31,610 --> 00:41:33,510 the Frogs, everyone's trading they actually didn't. 802 00:41:33,520 --> 00:41:34,260 Move. It's 14. 803 00:41:34,270 --> 00:41:36,570 It's more tokens than NFT because I think there's so much 804 00:41:36,580 --> 00:41:38,570 more. There's so many algos that trade 805 00:41:38,820 --> 00:41:43,230 the tokens that will like be programmed to hit the beard as 806 00:41:43,240 --> 00:41:47,170 soon as like solar movies by more than 5%, whatever it is. 807 00:41:47,180 --> 00:41:49,830 But you don't have the same necessarily the same in NFT 808 00:41:50,240 --> 00:41:52,910 perhaps, I don't know, it's. Not an FT didn't move on that, 809 00:41:52,920 --> 00:41:56,310 but the the the coins got like decimated like that's that's 810 00:41:56,360 --> 00:41:58,390 obvious right? Like a lot of the coins that and 811 00:41:58,400 --> 00:42:02,490 a lot of the top like meme coins on there really saw some huge 812 00:42:02,500 --> 00:42:03,310 debts. No monkeys. 813 00:42:03,320 --> 00:42:05,710 You're right. Point to Bitcoin for Oxford .23 814 00:42:07,430 --> 00:42:12,390 and and I mean OMB right this CK and that cruise like .5 Bitcoin 815 00:42:12,400 --> 00:42:15,380 now the swarms are back at .26 so that was ripped cash a 816 00:42:15,390 --> 00:42:18,880 project I saw a dip back down to .18 yesterday so that that went 817 00:42:18,890 --> 00:42:23,040 back up and and it looks like Oreos are doing well and on the 818 00:42:23,050 --> 00:42:25,720 Ethan left side I mean you you brought up you brought it up 819 00:42:25,730 --> 00:42:30,430 right it's it's what a 9059 shared yesterday I mean 90% of 820 00:42:30,440 --> 00:42:34,420 the volume on was that a blur that was just sell pressure 821 00:42:34,630 --> 00:42:39,360 people just we think their their NFT I'm not surprised like I I'm 822 00:42:39,410 --> 00:42:44,160 it none of it really surprises me when it comes to that because 823 00:42:44,170 --> 00:42:47,460 people are just chasing opportunity right over you 824 00:42:47,470 --> 00:42:50,450 tweeted the other day and mando you love to use it too but it 825 00:42:50,460 --> 00:42:53,300 was like the new crypto term is a part opportunity cost like 826 00:42:53,310 --> 00:42:56,160 favourite CT term and you know it's something that you talk 827 00:42:56,170 --> 00:42:58,780 like all the time Mando. Yes it was like of course of 828 00:42:58,790 --> 00:43:01,660 course they look you're right right it's it's it's of course 829 00:43:01,670 --> 00:43:05,190 but a lot of people I think chase the up cost and and kind 830 00:43:05,200 --> 00:43:09,330 of get wrecked in the in the making but it's umm it's 831 00:43:09,340 --> 00:43:13,710 definitely an NFT's are not are not doing great here especially 832 00:43:14,360 --> 00:43:20,650 the ones on our chain which is the area but we will do we will 833 00:43:20,660 --> 00:43:23,770 get there honestly the only NFTC doing quite well like somewhat 834 00:43:23,780 --> 00:43:28,340 OK and unearth it's punks that are still seeing sales like 835 00:43:28,350 --> 00:43:30,680 quite high and you have the pudgies that have not dipped on 836 00:43:30,690 --> 00:43:33,660 their pennies which are back to 11.11 new floor. 837 00:43:33,670 --> 00:43:37,800 So they're up four points, but there's not much like into the 838 00:43:37,810 --> 00:43:40,310 speculation on the anniversary of Azuki, which is on Jan 15th, 839 00:43:40,320 --> 00:43:44,150 I think. So it's there's not much else 840 00:43:44,160 --> 00:43:47,960 that's actually performing like crazy. 841 00:43:47,970 --> 00:43:51,590 Is there even any new drops on Earth NFT's that have been like, 842 00:43:52,310 --> 00:43:55,140 I don't even think so. Well, the other thing to note is 843 00:43:55,150 --> 00:43:59,710 that Solana protects royalties. So you've started to see a few 844 00:43:59,720 --> 00:44:01,920 different art drops even that started to happen on Solana 845 00:44:01,930 --> 00:44:04,670 like. Lobby Arts without 20%. 846 00:44:05,210 --> 00:44:09,160 So all projects are increasingly I'm seeing happening on 847 00:44:09,170 --> 00:44:15,920 different chains and soul, soul royalties just overtaken ether 848 00:44:15,930 --> 00:44:18,920 royalties by a decent margin now like. 849 00:44:19,030 --> 00:44:23,680 So I think in terms of new stuff like if you're coming with a new 850 00:44:23,690 --> 00:44:30,130 project right now and you can't guarantee royalties on on any of 851 00:44:30,140 --> 00:44:34,670 the ethnic marketplaces and Solana's hot Ordinals has a good 852 00:44:34,740 --> 00:44:40,390 good vibe right now, then it's it's difficult to say that like 853 00:44:40,400 --> 00:44:43,230 it's not you're still seeing eavesdrops but like it's 854 00:44:43,240 --> 00:44:44,880 definitely, it's definitely spread out more now. 855 00:44:45,610 --> 00:44:48,400 Who would have thought that Founders, uh you know, wanna 856 00:44:48,410 --> 00:44:50,510 drop on the chain where royalties are honoured. 857 00:44:50,830 --> 00:44:52,490 You know, who would have thought that? 858 00:44:52,540 --> 00:44:55,850 You know, I mean, if you're new founder entering the space, what 859 00:44:55,860 --> 00:44:58,310 do you pick? Jenny speaking like Jenny. 860 00:44:58,320 --> 00:45:00,580 Jenny wondering what do you pay? You pick something. 861 00:45:00,590 --> 00:45:03,990 Utility. This is why Solana is full of 862 00:45:04,000 --> 00:45:06,690 utility based projects. Like every single Solana project 863 00:45:06,700 --> 00:45:09,230 is utility based project because there's a business model for 864 00:45:09,240 --> 00:45:11,890 them. You know like there's a royalty 865 00:45:11,900 --> 00:45:16,060 stream. So I I think you're gonna see if 866 00:45:16,070 --> 00:45:19,560 you if you're dropping a a RFT, I think you can you can go to 867 00:45:19,570 --> 00:45:22,910 any any different chain I think or if you're doing something 868 00:45:22,920 --> 00:45:28,030 which is a bit more less I don't know some sort of ongoing 869 00:45:29,150 --> 00:45:32,240 promise of of like work to do or like something along those 870 00:45:32,250 --> 00:45:35,430 lines, then I think I think then you can be any change. 871 00:45:35,440 --> 00:45:38,800 But a lot of the stuff is choosing Solana, which is doing 872 00:45:38,810 --> 00:45:40,420 that, and then a lot of the stuff which wants to be 873 00:45:40,430 --> 00:45:45,260 historically relevant, like might do it on Bitcoin, because 874 00:45:45,270 --> 00:45:48,910 at the moment it feels like a good place to to inscribe your 875 00:45:48,920 --> 00:45:51,190 NFT's, right? I agree. 876 00:45:51,240 --> 00:45:53,530 So what do you think right. Like let's let's discuss this 877 00:45:53,540 --> 00:45:56,070 for a little bit before we just like can I end the show here. 878 00:45:56,160 --> 00:45:58,230 We'll we'll probably end the show after this one but like 879 00:45:58,300 --> 00:46:01,150 what does that mean what does that mean to theorem NFT's in 880 00:46:01,160 --> 00:46:04,210 its ecosystem right. You're saying about how Solana 881 00:46:04,220 --> 00:46:07,190 NFT seem to become Solanki place where people are gonna drop 882 00:46:07,200 --> 00:46:09,650 utility projects. I understand that if I'm coming 883 00:46:09,660 --> 00:46:11,990 to the space I need recruiting revenue royalties. 884 00:46:12,000 --> 00:46:15,790 Our business model though there shouldn't be your own they 885 00:46:15,800 --> 00:46:17,650 shouldn't be like your mainstream of income. 886 00:46:17,660 --> 00:46:19,770 I think we all know that by now we see in the market most 887 00:46:19,780 --> 00:46:21,890 projects just went to zero and lost their treasuries. 888 00:46:22,000 --> 00:46:24,910 So we get that right. It's not sustainable cause you 889 00:46:24,920 --> 00:46:26,370 you just depend on volume, right? 890 00:46:26,380 --> 00:46:32,150 And on hype and all this stuff. So that's Solana Bitcoin with 891 00:46:32,160 --> 00:46:34,170 ordinals. There is a narrative around the 892 00:46:34,180 --> 00:46:36,030 luxury chain. Like, I get that. 893 00:46:36,040 --> 00:46:39,050 Like for me, I want to give a big shout again to Ali, Alistair 894 00:46:39,060 --> 00:46:42,070 and and Aspirin Bugatti. That was ingenious looking back 895 00:46:42,080 --> 00:46:44,070 at it. When you look back at the Aspray 896 00:46:44,080 --> 00:46:47,250 Bugatti ordinals drop. It's genius for like luxury 897 00:46:47,260 --> 00:46:49,990 brands and whatnot that rare sides, the eggs are inscribed 898 00:46:50,000 --> 00:46:51,980 them some crazy fucking sats. By the way. 899 00:46:52,040 --> 00:46:55,490 I know of people getting pretty crazy offers behind the scenes 900 00:46:55,760 --> 00:46:58,390 and and and so that's smart. That's the narrative. 901 00:46:58,440 --> 00:47:03,630 So then there's eat right? If the luxury high end, high 902 00:47:03,640 --> 00:47:07,310 high, high, high end one day potentially moves to to to 903 00:47:07,320 --> 00:47:08,630 originals, right? I don't think it does. 904 00:47:08,640 --> 00:47:13,650 But what if it does and utility goes into Seoul, What's left 905 00:47:13,660 --> 00:47:15,290 here? Like, what are you saying? 906 00:47:15,340 --> 00:47:17,840 I mean only like, what would be your counterargument to like all 907 00:47:17,850 --> 00:47:19,610 this? Like narrative of ordinal 908 00:47:19,620 --> 00:47:22,230 salinities and like, people just bashing ethnicities here? 909 00:47:22,940 --> 00:47:29,570 I think, I think different platforms will be attractive for 910 00:47:29,580 --> 00:47:34,090 different types of people. Ty is like ultimately this 911 00:47:34,100 --> 00:47:36,210 concept of entities is not new anymore right? 912 00:47:36,220 --> 00:47:39,350 NFT's been around for a good few years now and it took off on 913 00:47:39,360 --> 00:47:42,790 earth. So people looking for like early 914 00:47:42,800 --> 00:47:46,430 digital art who are perhaps chain agnostic will probably 915 00:47:46,440 --> 00:47:49,190 want to have the stuff on earth because they don't really care 916 00:47:49,200 --> 00:47:51,830 whether if this was the first on salon or this was the 1st and 917 00:47:51,840 --> 00:47:54,290 say or whatever. They just want to have like the 918 00:47:54,300 --> 00:47:55,690 early stuff. And that's I'm talking about 919 00:47:55,700 --> 00:47:58,320 high end art who maybe non crypto native people might want 920 00:47:58,330 --> 00:48:00,250 to buy. Like I don't see well, but 921 00:48:00,260 --> 00:48:03,740 people don't want to where those buyers don't want to own parks. 922 00:48:03,750 --> 00:48:05,360 I don't want an autograph, I don't want to own. 923 00:48:06,560 --> 00:48:11,560 You know the actual early historical digital art that was 924 00:48:11,570 --> 00:48:13,670 also had also had a cultural impact on Earth. 925 00:48:14,390 --> 00:48:17,920 Solana is great for profile pictures and for people who 926 00:48:17,930 --> 00:48:22,260 maybe want utility based NFT's or active trading because the 927 00:48:22,270 --> 00:48:24,120 fees are so low and the friction is a lot lower. 928 00:48:24,910 --> 00:48:26,930 Bitcoin, the friction is actually a lot higher because of 929 00:48:26,940 --> 00:48:28,940 the way things are now as a file size limitation. 930 00:48:28,950 --> 00:48:32,240 So I feel like that's an ecosystem that is attractive for 931 00:48:32,310 --> 00:48:35,910 people who like Bitcoin. But if you're like a normal, if 932 00:48:35,920 --> 00:48:38,480 you're a normie, it's really, unless you're like really 933 00:48:38,490 --> 00:48:44,410 focused on, like I want to get into, you know, um, I really 934 00:48:44,420 --> 00:48:45,540 love Bitcoin. I want to get into Bitcoin, I 935 00:48:45,550 --> 00:48:47,410 want to buy Bitcoin. And if you have that view 936 00:48:47,480 --> 00:48:50,110 though, I don't think there's like in my opinion, I don't 937 00:48:50,120 --> 00:48:54,160 think there's a strong like reason why you would like launch 938 00:48:54,170 --> 00:48:55,320 something or do something ordinance. 939 00:48:55,330 --> 00:48:59,020 I think one would be great for like really high end art, but 940 00:48:59,030 --> 00:49:02,770 that's just gonna be for a limited amount of people and 941 00:49:02,780 --> 00:49:04,610 it's not like a mass adoption kind of thing. 942 00:49:04,620 --> 00:49:07,740 That's just my view. And for artists it's hard 943 00:49:07,750 --> 00:49:11,520 because like you have a a massive file size restriction 944 00:49:11,570 --> 00:49:14,040 for ordinal, so it cuts out like 90% of artists. 945 00:49:14,050 --> 00:49:15,820 Like if you're a pixel artist, great. 946 00:49:15,830 --> 00:49:18,100 You can go and gather and do something, but if you're not, 947 00:49:18,270 --> 00:49:21,200 you have a much more restrained canvas to do something with. 948 00:49:21,870 --> 00:49:24,190 Like doctors can't do anything. People who make animated stuff 949 00:49:24,200 --> 00:49:26,530 can't do anything, people make videos, can't do anything. 950 00:49:26,600 --> 00:49:30,630 So it's just like, I think it's just a small market, which I 951 00:49:30,640 --> 00:49:33,530 think we'll do well because Bitcoin is Bitcoin and it 952 00:49:33,540 --> 00:49:37,250 probably has the largest amount of whales on any chain just by 953 00:49:37,260 --> 00:49:38,970 virtue of how long it's been around for. 954 00:49:38,980 --> 00:49:43,330 But I don't see like that adoption side of things on 955 00:49:43,340 --> 00:49:45,420 Bitcoin. I see that more on Solana, but 956 00:49:45,620 --> 00:49:51,040 less for like high end art, more for using NFT as a medium for 957 00:49:51,100 --> 00:49:54,300 running projects and have pictures and whatnot. 958 00:49:54,310 --> 00:49:57,060 And I think there's also stuff that exists on Earth which is 959 00:49:57,070 --> 00:49:59,800 already a few years old that has had cultural impacts, which I 960 00:49:59,810 --> 00:50:01,880 think will last in value. And that's just my view. 961 00:50:01,890 --> 00:50:04,210 I think different change will have different reasons for 962 00:50:04,220 --> 00:50:08,970 existing and different utilities and that's just kind of how I'm 963 00:50:08,980 --> 00:50:11,810 thinking about NFT's right now. Like I would say, I'm more over 964 00:50:11,820 --> 00:50:16,110 the whole NFT landscape. I'm still most bullish on like 965 00:50:16,180 --> 00:50:21,450 the OG staff, like punks and autographs and maybe even 966 00:50:21,460 --> 00:50:23,290 fidenza and all. Those are expensive, right? 967 00:50:25,070 --> 00:50:28,300 Yeah, I think that's the stuff that will go back to being in 968 00:50:28,310 --> 00:50:32,280 the millions rather than you and to be honest with you probably 969 00:50:32,370 --> 00:50:34,530 handful of like ordinal collections as well. 970 00:50:35,570 --> 00:50:38,380 But I just think like, I just think with all the problem I 971 00:50:38,390 --> 00:50:41,020 have an ordinance, everyone's like all this this thing has a 972 00:50:41,030 --> 00:50:43,520 lower inscription number or this thing is like this thing was the 973 00:50:43,530 --> 00:50:45,560 first all those thing. Like none of it. 974 00:50:45,940 --> 00:50:47,110 Happens right? It's always that. 975 00:50:47,670 --> 00:50:50,420 You always have that there's you've had that narrative on 976 00:50:50,430 --> 00:50:52,400 earth. People like crypto skulls and 977 00:50:52,670 --> 00:50:55,300 like whatever and like, yeah, at the end of people don't really 978 00:50:55,310 --> 00:50:56,480 care. And the stuff that ends up 979 00:50:56,490 --> 00:50:59,640 lasting is the stuff that has cultural impact that people get 980 00:50:59,650 --> 00:51:03,820 behind, which has been punks and for example, that's probably the 981 00:51:03,830 --> 00:51:05,760 best example. I just don't, I haven't seen a 982 00:51:05,770 --> 00:51:08,160 project really like that yet. An ordinance. 983 00:51:08,170 --> 00:51:10,600 We're like, Oh yeah, like a lot of people really got behind this 984 00:51:10,610 --> 00:51:12,520 because the artwork itself was good. 985 00:51:12,530 --> 00:51:16,400 Or the OR the concept. But first you have to remember 986 00:51:16,410 --> 00:51:21,270 that punks were also first. Can be quite can be important. 987 00:51:21,280 --> 00:51:22,290 I know what you're saying and it. 988 00:51:22,300 --> 00:51:24,890 Has they weren't. They weren't necessarily first, 989 00:51:24,900 --> 00:51:27,030 first, right, Like there was. There have been other NFT 990 00:51:27,040 --> 00:51:31,340 projects around, but Punks was just the one that everyone got 991 00:51:31,350 --> 00:51:33,840 behind. I don't know. 992 00:51:33,850 --> 00:51:37,160 Yes, you rap space was first on Counterparty, but like in terms 993 00:51:37,170 --> 00:51:39,860 of ethnicities I think. Punk. 994 00:51:39,870 --> 00:51:41,320 No. So punk is not the first 995 00:51:41,330 --> 00:51:43,660 ethnicity like moon Casts were before them and so we're like a 996 00:51:43,670 --> 00:51:45,680 bunch of them. But when it comes to like if you 997 00:51:45,690 --> 00:51:49,340 wanna go deep into the whole like historical narrative, like 998 00:51:49,350 --> 00:51:53,340 there are plenty of NFT's minted before punks plenty of 999 00:51:53,350 --> 00:51:56,100 collections might like even Courier cards for example Vestry 1000 00:51:56,110 --> 00:51:58,430 saw self full sets at some point in the bull market for insane 1001 00:51:58,440 --> 00:51:59,480 amounts. Sotheby's right. 1002 00:51:59,910 --> 00:52:02,750 So there is like if you want to go down next so but but see 1003 00:52:02,760 --> 00:52:05,450 that's a good point right? The point he's making it's like 1004 00:52:05,520 --> 00:52:09,410 just cause like something's first doesn't mean you know that 1005 00:52:09,420 --> 00:52:11,840 it's going to have a tonne of value and and if I'm not 1006 00:52:11,850 --> 00:52:13,870 mistaken and we have Benny on stage I'm curious to hear your 1007 00:52:13,880 --> 00:52:15,920 thoughts because you were madly to actually not just like 1008 00:52:15,930 --> 00:52:18,330 talking more knows but actually like buying them. 1009 00:52:19,100 --> 00:52:23,770 But if I buy and crime wrong. Let's say I buy inscription #2 1010 00:52:23,830 --> 00:52:26,070 because it's for sale right now right for like some sort of 1011 00:52:26,080 --> 00:52:30,110 crazy bed last week like 16816 BTC and it's listed at 32 BC. 1012 00:52:30,540 --> 00:52:32,990 I have a question. I buy that inscription for 32 1013 00:52:33,000 --> 00:52:36,660 Bitcoin, right? I'm pretty sure on the set you 1014 00:52:36,670 --> 00:52:40,700 can inscribe a collection of 10,000 and then claim that those 1015 00:52:40,710 --> 00:52:44,800 10,000 were inscribed on the second set. 1016 00:52:44,970 --> 00:52:47,600 Nope, Benny. Or am I completely off here like 1017 00:52:47,610 --> 00:52:48,880 I read something along those lines? 1018 00:52:50,390 --> 00:52:52,280 I I think there's some truth to that. 1019 00:52:52,290 --> 00:52:54,350 I I I'm a little confused about that also. 1020 00:52:54,360 --> 00:52:59,260 I mean the original inscription numbers to me when I started 1021 00:52:59,270 --> 00:53:03,660 buying early and I was telling everybody was the same, the same 1022 00:53:03,670 --> 00:53:07,630 feeling that I had when Ether came out and I saw I was you 1023 00:53:07,640 --> 00:53:10,980 know, already buying Ether and when NFT started coming out, I'm 1024 00:53:10,990 --> 00:53:13,710 like, well, this is interesting because it's new and it's 1025 00:53:13,720 --> 00:53:17,200 something on Shane that to me that's different than just 1026 00:53:17,210 --> 00:53:19,760 buying and selling a coin. I think what you have to do is 1027 00:53:19,770 --> 00:53:23,140 kind of step back a little bit. To me, why this all makes sense 1028 00:53:23,410 --> 00:53:26,120 is that when this when this emerging market of crypto 1029 00:53:26,130 --> 00:53:31,330 started, all there was was by coins and sell coins and it 1030 00:53:31,340 --> 00:53:34,890 wasn't mature enough and didn't have anything else to it except 1031 00:53:35,200 --> 00:53:37,710 buying and selling coins. And that's why you had your 1032 00:53:37,720 --> 00:53:40,410 first cycle. Where things end up crashing is 1033 00:53:40,420 --> 00:53:42,710 because there's no substance to it. 1034 00:53:42,800 --> 00:53:46,670 And as time went on, you had a D Phi and then you add, you know, 1035 00:53:46,750 --> 00:53:49,460 NFT and then you're going to have big thing watch. 1036 00:53:49,470 --> 00:53:51,770 I keep telling everybody's tokenization of real world 1037 00:53:51,780 --> 00:53:53,470 assets will be the next big thing. 1038 00:53:53,900 --> 00:53:57,550 So that worked for ether. And then soul was like, well, if 1039 00:53:57,560 --> 00:53:59,390 it worked for ether, let's do it for soul. 1040 00:53:59,680 --> 00:54:01,420 And then you have Bitcoin people, right? 1041 00:54:01,430 --> 00:54:05,520 Remember, like, I think OSF just said this, He's 100% correct. 1042 00:54:05,650 --> 00:54:09,320 The whales of Bitcoin are are so much larger than the whales on 1043 00:54:09,330 --> 00:54:12,860 any other coin. And there's so much money that 1044 00:54:12,870 --> 00:54:15,680 they they can't just sit, you know, I understand where some of 1045 00:54:15,690 --> 00:54:17,980 them, some of them believe straight, like Bitcoin has its 1046 00:54:17,990 --> 00:54:20,770 value because it has its value while others are sitting there 1047 00:54:20,780 --> 00:54:23,620 and go, like, no, Bitcoin needs to have more value to it if it's 1048 00:54:23,630 --> 00:54:27,640 going to be worth $5 trillion. And you don't want it to just be 1049 00:54:27,650 --> 00:54:30,240 digital gold. You want to be able to look at 1050 00:54:30,250 --> 00:54:34,590 it say well it's worth $5 trillion but also says inside it 1051 00:54:34,760 --> 00:54:41,130 a 2 trillion you know asset class of of coins and defy and 1052 00:54:41,190 --> 00:54:43,290 and these you know digital assets. 1053 00:54:43,480 --> 00:54:49,910 So I to me I I'm I'm just long term always a bull it crypto. 1054 00:54:50,060 --> 00:54:51,990 So the way I see it is very simple. 1055 00:54:52,000 --> 00:54:54,750 It's like, OK, well they're building this market the same 1056 00:54:54,760 --> 00:54:58,010 way we saw build on ether. Then it only makes sense to 1057 00:54:58,020 --> 00:55:00,470 invest in it. Now that doesn't mean everything 1058 00:55:00,480 --> 00:55:02,090 you're going to this is gonna work. 1059 00:55:02,340 --> 00:55:07,260 But the idea of of building out this market, a lot of times 1060 00:55:07,270 --> 00:55:10,390 they're stuck in the weeds. What we need to do is zoom out, 1061 00:55:10,680 --> 00:55:12,410 right? And we need to look out and say, 1062 00:55:12,420 --> 00:55:15,310 OK, how is this all going to work out 10 years from now and 1063 00:55:15,320 --> 00:55:18,430 not what's actually happening at this moment and that and again 1064 00:55:18,440 --> 00:55:20,010 you'll make your right and wrong bets. 1065 00:55:20,020 --> 00:55:23,850 But to me, it's just the overall bet you make on the whole market 1066 00:55:24,100 --> 00:55:26,610 is the right move. So it's to me like I think 1067 00:55:26,620 --> 00:55:29,810 ordinals. I don't see it replacing ether 1068 00:55:29,820 --> 00:55:32,860 or or NFT's on either. I think that we're gonna see 1069 00:55:32,870 --> 00:55:36,760 this much larger world with digital assets like I talk about 1070 00:55:36,770 --> 00:55:39,880 a little time where like you know, this is this market and 1071 00:55:39,890 --> 00:55:42,880 this world is not being built for us, right? 1072 00:55:42,890 --> 00:55:45,600 It's being built for our children who are going to be 1073 00:55:45,610 --> 00:55:47,890 using digital assets and the blockchain. 1074 00:55:48,210 --> 00:55:50,980 It not even realising they're using it because it's going to 1075 00:55:50,990 --> 00:55:52,720 be behind. The same way we search on 1076 00:55:52,730 --> 00:55:55,060 Google, We don't know how the search engine works or drive our 1077 00:55:55,070 --> 00:55:56,420 car. We don't know how the car works. 1078 00:55:56,690 --> 00:55:59,460 They're going to be using all of those things and there's going 1079 00:55:59,470 --> 00:56:01,500 to be certain chains that people are going to use and there's 1080 00:56:01,510 --> 00:56:02,800 going to be certain things or not. 1081 00:56:02,840 --> 00:56:06,190 And I think also, as Seb said astutely that yeah, I think 1082 00:56:06,200 --> 00:56:07,770 Bitcoin Shane will have those things. 1083 00:56:07,780 --> 00:56:09,970 I think there's going to be times when there's going to be 1084 00:56:10,140 --> 00:56:13,490 really good artists that are going to for provenance wanna 1085 00:56:14,390 --> 00:56:16,820 put on the Bitcoin shade and you're gonna have people who are 1086 00:56:16,830 --> 00:56:20,040 very wealthy Bitcoin people who are gonna say, look this is the 1087 00:56:20,050 --> 00:56:23,270 shame that I feel comfortable with and and the last thing I 1088 00:56:23,280 --> 00:56:26,290 will say is that the amount of people that are odd Bitcoin and 1089 00:56:26,300 --> 00:56:29,180 ether right now and to me is a tiny number. 1090 00:56:29,630 --> 00:56:32,880 We aren't even at the point where hundreds and hundreds of 1091 00:56:32,890 --> 00:56:36,490 millions of people are are billions of people are using 1092 00:56:36,500 --> 00:56:39,260 this and when that happens they're all going to be 1093 00:56:39,270 --> 00:56:41,300 onboarded to use different chains. 1094 00:56:41,450 --> 00:56:45,750 So to just to just poo, poo chains away and just say this is 1095 00:56:45,760 --> 00:56:48,110 the right one and this is the right one, That doesn't make any 1096 00:56:48,120 --> 00:56:51,330 sense to me because I, I we have no clue who's going to be using 1097 00:56:51,340 --> 00:56:52,920 what. So I think it's just a matter of 1098 00:56:53,180 --> 00:56:56,310 just being smart on the perspective of taking. 1099 00:56:56,560 --> 00:56:59,490 Just. Overall on the whole market and 1100 00:56:59,500 --> 00:57:03,450 our whole industry rather than picking sides right now and for 1101 00:57:03,460 --> 00:57:05,980 me that makes sense and that's worked for me. 1102 00:57:06,640 --> 00:57:09,070 That makes sense. Look, we can expand on, on, on 1103 00:57:09,120 --> 00:57:13,010 on on Bitcoin and and and go deeper. 1104 00:57:13,060 --> 00:57:16,610 But it is 11:30 and we are on the hour. 1105 00:57:16,620 --> 00:57:21,080 Just a reminder, just a reminder for everybody, make sure you're 1106 00:57:21,090 --> 00:57:23,390 following at formal hour. It's not on stage at the moment 1107 00:57:23,400 --> 00:57:26,550 but I'll log back in today later and and get on stage for the for 1108 00:57:26,560 --> 00:57:28,010 the show but and all three of our BIOS. 1109 00:57:28,020 --> 00:57:31,510 So at FOMO HOUR make sure you turn notifications on. 1110 00:57:31,520 --> 00:57:33,690 We post a lot of content every day and we also are live every 1111 00:57:33,700 --> 00:57:36,770 single day at the exact same time Monday to Friday 10:30 AM 1112 00:57:36,780 --> 00:57:39,430 Eastern Standard Time to 11:30 where we really you know we've 1113 00:57:39,440 --> 00:57:42,250 been kind of diving a lot deeper on the coin and and the and the 1114 00:57:42,260 --> 00:57:44,980 market side of things obviously Mandovi and my eyes being 1115 00:57:44,990 --> 00:57:47,250 experts on all this stuff. So it's good to to get some some 1116 00:57:47,260 --> 00:57:50,300 sound advice. Not advice sorry but sound you 1117 00:57:50,310 --> 00:57:52,760 know takes especially on days like today that are absolutely 1118 00:57:52,770 --> 00:57:54,370 euphoric and you probably don't know what to do. 1119 00:57:54,380 --> 00:57:57,480 Just pull up at 10:30 grab a chair you know get a get some 1120 00:57:57,490 --> 00:58:00,180 coffee and and come enjoy the show. 1121 00:58:00,370 --> 00:58:02,660 So we just make sure you follow at formal hour and and 1122 00:58:02,670 --> 00:58:05,480 subscribing to rough video on on YouTube if you're on there 1123 00:58:05,610 --> 00:58:08,320 because we go live every single morning. 1124 00:58:08,330 --> 00:58:12,350 Look boys looks like the market somewhat rebounding looks like 1125 00:58:12,360 --> 00:58:16,460 the Eric or goat our hero. That's our hero now Eric Bakunas 1126 00:58:16,470 --> 00:58:19,260 is our goat. You know he he tweeted something 1127 00:58:19,270 --> 00:58:21,870 else. Ovi, while you guys were talking 1128 00:58:22,000 --> 00:58:25,010 originalism what now? He said that that meeting that 1129 00:58:25,700 --> 00:58:28,530 that is being held with the SEC, with NASDAQ, CBOE, NYC is 1130 00:58:28,540 --> 00:58:30,480 something that wouldn't happen if it was a denial. 1131 00:58:31,260 --> 00:58:35,950 So it's all all roads you know seem to lead towards an approval 1132 00:58:36,170 --> 00:58:38,050 when it comes to the CF, he said. 1133 00:58:38,060 --> 00:58:40,260 Things you probably don't do if you're going to deny or delay 1134 00:58:40,340 --> 00:58:43,350 hearing similar by the way. And why why, why? 1135 00:58:43,360 --> 00:58:47,530 When we see updated final 19B4S role and that is sign approval 1136 00:58:47,540 --> 00:58:50,190 imminent. The SEC has been doing back and 1137 00:58:50,200 --> 00:58:53,240 forth now with the shores offline to perfect their 19 four 1138 00:58:53,250 --> 00:58:55,730 be all bunch of stuff words like S1S stuff. 1139 00:58:55,740 --> 00:58:57,270 I don't understand. I'm not I don't understand this 1140 00:58:57,280 --> 00:59:00,270 lingo and you know it's OK if you don't understand it either. 1141 00:59:00,360 --> 00:59:03,930 Ohh you gotta understand is that we're gonna get this damn ETF 1142 00:59:04,010 --> 00:59:07,410 it's just a matter of when before January 10th. 1143 00:59:07,420 --> 00:59:13,490 But anyways anyways any ways with that I think I think that's 1144 00:59:13,500 --> 00:59:14,910 a good round up. Listen, you want to learn more 1145 00:59:14,920 --> 00:59:16,990 about the Jupiter AirDrop Decryptor like Torticollis on 1146 00:59:17,000 --> 00:59:18,990 it? Yesterday I just googled decrypt 1147 00:59:19,000 --> 00:59:23,320 Jupiter AirDrop. It's really good. 1148 00:59:23,550 --> 00:59:26,800 They put all the details in there and it's really, really 1149 00:59:26,810 --> 00:59:28,980 good. And then tomorrow, tomorrow, 1150 00:59:28,990 --> 00:59:31,300 other show, We'll see what tomorrow brings. 1151 00:59:31,310 --> 00:59:34,490 With that, we'll show tomorrow morning, 10:30 AM Eastern 1152 00:59:34,500 --> 00:59:37,280 Standard Time, 7:30 AM Pacific Standard Time for the episode of 1153 00:59:37,290 --> 00:59:39,680 Four More Hour on Rock Radio powered by Ledger.