1 00:00:00,240 --> 00:00:02,040 Oh yo-yo, what up? What up? 2 00:00:02,040 --> 00:00:16,000 Good morning Good Morning GMG Birthday Main Second 2020 3 00:00:16,520 --> 00:00:19,680 444-4444. Look at that. 4 00:00:19,720 --> 00:00:21,920 Another beautiful day to have a beautiful day. 5 00:00:22,840 --> 00:00:25,560 I got my clothes in the house. OSF Mando, How you guys doing 6 00:00:25,560 --> 00:00:27,800 today? Good. 7 00:00:28,080 --> 00:00:30,320 Trying to work out this fantasy top thing right now. 8 00:00:30,720 --> 00:00:32,439 Check. You are not a hero. 9 00:00:33,600 --> 00:00:35,240 It's OK. We can't all be heroes. 10 00:00:35,720 --> 00:00:39,840 I don't. I only just joined SO and it 11 00:00:39,840 --> 00:00:43,920 says I have nought .1 ETH. I see your account, so you oh, 12 00:00:43,920 --> 00:00:45,960 you know what, If you were to open a pack, might as well share 13 00:00:45,960 --> 00:00:51,080 a screen because it's fun. At the end of the show 14 00:00:51,080 --> 00:00:54,240 yesterday, when, well, Obi and I ended up staying overtime, we 15 00:00:54,240 --> 00:00:59,400 were just ripping packs on. It's a good way to get Ovi 16 00:00:59,400 --> 00:01:02,000 engaged, honestly. Just make a segment about blast 17 00:01:02,000 --> 00:01:04,640 for like 10 minutes a day. So now that I've joined late, I 18 00:01:04,640 --> 00:01:06,360 can't. I can't get involved in the 19 00:01:06,720 --> 00:01:07,960 Heroes. No, no, you. 20 00:01:07,960 --> 00:01:09,600 Can they said you can send them a message? 21 00:01:09,880 --> 00:01:11,240 We can. We can take care of that. 22 00:01:11,320 --> 00:01:12,720 Let me send them, let me send them a message. 23 00:01:12,760 --> 00:01:14,400 We're in a group right with them, aren't we? 24 00:01:15,000 --> 00:01:17,360 I don't know. You guys had you guys, if 25 00:01:17,360 --> 00:01:19,520 anything, Ovi's. The one there's a Yeah. 26 00:01:20,320 --> 00:01:26,120 I just joined. Look at that. 27 00:01:26,120 --> 00:01:27,680 Live on the air. Live on it. 28 00:01:27,680 --> 00:01:30,120 This is how you do it. You see, this is how Kols get 29 00:01:30,120 --> 00:01:31,640 what they want. You know we're. 30 00:01:31,960 --> 00:01:36,680 Actually investors. In the KOL round. 31 00:01:36,680 --> 00:01:39,440 Is that what happened? I think, oh, we got in way 32 00:01:39,440 --> 00:01:40,200 earlier than that. I'm. 33 00:01:40,360 --> 00:01:41,200 Playing. I'm playing. 34 00:01:41,200 --> 00:01:42,080 I'm playing. I'm playing. 35 00:01:42,400 --> 00:01:43,760 I'm obviously kidding. I hate that term. 36 00:01:43,760 --> 00:01:45,040 I actually banded behind the scenes. 37 00:01:45,600 --> 00:01:51,000 Anyways, like, true story. Yeah, I, I, I have advised our 38 00:01:51,000 --> 00:01:53,600 team that we do not talk of our creators. 39 00:01:53,840 --> 00:01:56,440 It's K Wells. And if you hear my team doing 40 00:01:56,440 --> 00:01:58,000 that, let me know. Audience. 41 00:01:58,280 --> 00:02:01,400 Anyways, it's true. Fuck this. 42 00:02:03,000 --> 00:02:03,800 Wow. OK, hold on. 43 00:02:04,040 --> 00:02:05,560 Is Mando's card about to go live? 44 00:02:05,560 --> 00:02:07,280 Or we like should we be, like, on tilt here? 45 00:02:07,440 --> 00:02:08,639 Holy shit. I don't have enough money on 46 00:02:08,639 --> 00:02:09,479 there. Oh my God. 47 00:02:09,759 --> 00:02:11,120 Hold on. Should we front row Mando? 48 00:02:11,120 --> 00:02:14,840 I'm just kidding. I'm playing Mando's. 49 00:02:14,920 --> 00:02:15,320 Mando's. Oh. 50 00:02:15,760 --> 00:02:17,000 I launched something on a live stream. 51 00:02:17,000 --> 00:02:19,840 It didn't go so well so. Mando's think goodbye because he 52 00:02:19,840 --> 00:02:22,080 has he's Mando minutes every day so he probably gets a lot of. 53 00:02:24,440 --> 00:02:26,840 I'm a value play. I'm a value play for being a 54 00:02:26,840 --> 00:02:27,320 boomer. He's. 55 00:02:29,360 --> 00:02:33,400 Got a good dividend yield. You're that, you're the you're 56 00:02:33,480 --> 00:02:35,960 you're the 4% of your investment that we. 57 00:02:35,960 --> 00:02:39,560 Just, yeah, exactly. We plow into and and and we know 58 00:02:39,560 --> 00:02:42,480 that we're going to do well at the end of the year versus you 59 00:02:42,480 --> 00:02:45,600 know the crypto folks going to round trip all their bags like 60 00:02:45,600 --> 00:02:48,880 which is me anyways Speaking of round tripping today on the show 61 00:02:49,480 --> 00:02:53,240 today today, daily market report as usual crypto macro and all 62 00:02:53,240 --> 00:02:55,840 that good stuff, a lot going on. I mean nice bounce across the 63 00:02:55,840 --> 00:02:57,400 board especially across meme coins and alts. 64 00:02:57,800 --> 00:02:59,800 Hopefully that bounce is not finished by the time I'm done 65 00:02:59,800 --> 00:03:02,960 talking. So we saw that Black Rock ETF 66 00:03:02,960 --> 00:03:07,760 first outflow in 77 days. You know, in general, ETS has 67 00:03:07,760 --> 00:03:11,040 been really bad, which leads me to actually ask you guys, We'll 68 00:03:11,040 --> 00:03:13,080 have a conversation quickly after about what you guys think. 69 00:03:13,080 --> 00:03:15,440 Like maybe we see Bitcoin just stay very weak, but does that 70 00:03:15,440 --> 00:03:17,520 mean alts are going to get much, much, much weaker? 71 00:03:17,520 --> 00:03:21,040 I mean, I I feel like we've seen like some pretty bad prices 72 00:03:21,040 --> 00:03:22,400 across the board. So maybe we took and talked 73 00:03:22,400 --> 00:03:23,720 about that. We have Coinbase earnings today, 74 00:03:23,720 --> 00:03:26,600 which is pretty big. I'm assuming if Trad market's 75 00:03:26,600 --> 00:03:28,760 been having a direct impact on the market, I'm assuming 76 00:03:28,760 --> 00:03:31,800 Coinbase out of all will have an impact now. 77 00:03:31,800 --> 00:03:33,640 I'm assuming that they've done well in Q1. 78 00:03:34,120 --> 00:03:37,000 I like to think because the stock has been doing well and 79 00:03:37,000 --> 00:03:41,120 they're like I think really they're helping 11 ETF issuers 80 00:03:41,120 --> 00:03:45,520 or or nine of them at least. We got some Robit news also, 81 00:03:45,520 --> 00:03:47,200 which is pretty cool. You know, Robit's our partners 82 00:03:47,200 --> 00:03:48,960 definitely want to make sure we, we touch on that. 83 00:03:49,440 --> 00:03:51,320 We're going to have Keith Grossman come in the show in 84 00:03:51,320 --> 00:03:52,800 like 7 minutes. But for like two or three 85 00:03:52,800 --> 00:03:55,200 minutes, just talk about actually the massive news that 86 00:03:55,200 --> 00:03:57,640 PayPal dropped on people this morning. 87 00:03:58,560 --> 00:04:01,560 Shout out to the decrypt article which is fire about that. 88 00:04:01,560 --> 00:04:05,120 But that was actually, I don't see massive news honestly. 89 00:04:05,120 --> 00:04:09,120 And then hot coins, Shark, CAT2, Kuramichi, Bowden, Popcat, epic. 90 00:04:09,400 --> 00:04:12,080 I mean all these like meme coins are really just ripping. 91 00:04:12,560 --> 00:04:14,640 Are we going to see a cat coin to 1 billion at some point. 92 00:04:14,640 --> 00:04:17,560 Let's see. One thing's for sure is OSF does 93 00:04:17,560 --> 00:04:19,120 not like the cats. You know what? 94 00:04:19,360 --> 00:04:21,959 I don't like cats either so don't worry about that. 95 00:04:22,000 --> 00:04:26,480 And then they scare me. They like literally there was a 96 00:04:26,480 --> 00:04:28,400 straight cat. The guy like coming at me and 97 00:04:28,400 --> 00:04:30,640 I'm pretty sure cat was blind and the shit was looking at me 98 00:04:30,640 --> 00:04:32,000 like he wanted to like, murder me. 99 00:04:32,160 --> 00:04:37,080 I'll send you the video anyways. Pack AirDrop 3 goes live Cube 100 00:04:37,080 --> 00:04:40,440 exchange partnership with D Gods D Gods Bridge and Solana Fantasy 101 00:04:40,440 --> 00:04:41,400 Top. We're probably going to talk 102 00:04:41,400 --> 00:04:43,200 about this a lot because like the only thing there is to do in 103 00:04:43,200 --> 00:04:45,360 this bear market. I joined District One OV. 104 00:04:45,360 --> 00:04:48,200 So I'm going to need a TLDR because let me tell you, it is 105 00:04:48,240 --> 00:04:50,360 arguably like some of the worst UI I've ever seen. 106 00:04:50,560 --> 00:04:53,320 Like it's so much. District 1 UI is so good. 107 00:04:53,880 --> 00:04:56,120 You cannot tell me district one UI is good. 108 00:04:56,400 --> 00:04:57,680 There's there's two types of people. 109 00:04:57,800 --> 00:05:00,240 There's two types of people in this world, people who like 110 00:05:00,240 --> 00:05:02,880 discording, people who don't. And if you're in the if you're 111 00:05:02,880 --> 00:05:04,840 in the last latter group, you will not like. 112 00:05:04,880 --> 00:05:08,080 Worse than discord and you why wise you're calling this good? 113 00:05:08,080 --> 00:05:11,800 You like easy? To where my UI is is incredible. 114 00:05:13,880 --> 00:05:15,000 It just takes. It takes about a. 115 00:05:15,320 --> 00:05:17,880 It takes about a day of using it to get used to it, but it's 116 00:05:17,880 --> 00:05:19,200 really good. And it's fun. 117 00:05:19,200 --> 00:05:20,520 It's like. It's rapid as well. 118 00:05:21,160 --> 00:05:24,400 I'm in your chat, you know, you're the only chat I'm in. 119 00:05:24,400 --> 00:05:26,600 But like why is there so much going on everywhere? 120 00:05:27,440 --> 00:05:30,920 Like this is crazy. Like look at this I don't want 121 00:05:30,920 --> 00:05:33,040 to do all these let. Me have a look at this. 122 00:05:33,040 --> 00:05:35,280 I haven't even gone on. Those are just the other the 123 00:05:35,280 --> 00:05:37,120 other spaces, but that's the same as discord, right? 124 00:05:37,120 --> 00:05:39,600 Like you just have a little discord system down. 125 00:05:40,000 --> 00:05:42,560 The side you know what, honestly it's not a good case that it's 126 00:05:42,560 --> 00:05:45,520 the web three Discord like. It's not equalish like like. 127 00:05:45,720 --> 00:05:47,320 It's not, not it's not the Web 3. 128 00:05:47,360 --> 00:05:50,640 It's different to Discord, but there's some elements of like 129 00:05:51,520 --> 00:05:54,640 similar layouts and stuff. I mean, I'm not going to, I'm 130 00:05:54,640 --> 00:05:56,160 not even knocking. Like, I'm sure it's great. 131 00:05:56,160 --> 00:05:58,640 I'm actually going to be active on it because I decided that I'm 132 00:05:58,640 --> 00:06:01,960 going to go on this like Blast thing because I have no 133 00:06:01,960 --> 00:06:04,000 exposure. And I said on the show, I don't 134 00:06:04,000 --> 00:06:05,880 even know how to even ship it. My exposure to Blast is going to 135 00:06:05,880 --> 00:06:07,720 be like these daps that you're talking about. 136 00:06:07,720 --> 00:06:12,440 So fantasy top fucking if districts one is one of them, so 137 00:06:12,440 --> 00:06:15,640 be it, this and that. So I'm, I'm not here. 138 00:06:15,640 --> 00:06:17,560 I'm just saying, like when I opened District 1 yesterday, I 139 00:06:17,560 --> 00:06:20,240 was like, whoa, it was 11 PMI was like, we'll keep that for 140 00:06:20,240 --> 00:06:22,000 tomorrow. Like, even Dee's offered to 141 00:06:22,000 --> 00:06:24,440 like, take me on a one-on-one trip to district one and like, 142 00:06:24,440 --> 00:06:26,600 teach me everything. I was like, let's revisit that 143 00:06:26,600 --> 00:06:29,640 tomorrow morning Dee. So maybe maybe later Mando, you 144 00:06:29,640 --> 00:06:33,080 and I can get a a crash course. And then last but not least, end 145 00:06:33,080 --> 00:06:35,080 the show. We'll be joined by today's show 146 00:06:35,080 --> 00:06:38,440 partner Cypher Clans decided to talk about to them about what 147 00:06:38,440 --> 00:06:40,560 they're building. Cypher Clan is actually a pretty 148 00:06:40,560 --> 00:06:41,920 cool name. I'm not going to lie. 149 00:06:42,160 --> 00:06:44,400 So let's see what the fuck they're on about. 150 00:06:44,680 --> 00:06:46,720 How's that? And then last but not least, as 151 00:06:46,720 --> 00:06:49,400 usual, this show is presented by Fair Site Network wallet 152 00:06:49,400 --> 00:06:52,080 coverage for drain scams and all that bad stuff. 153 00:06:52,120 --> 00:06:54,400 Not that good stuff. So make sure you check out Fair 154 00:06:54,400 --> 00:06:55,760 Site Network. We had them on the show not long 155 00:06:55,760 --> 00:06:57,200 ago. They're legitimate, it's good 156 00:06:57,200 --> 00:07:00,440 shit, it's insurance for your wallet and I'm sure a lot of 157 00:07:00,440 --> 00:07:04,400 y'all digens that make a lot of money need it, so make sure you 158 00:07:04,400 --> 00:07:07,040 are covered anyways. Anyways, Anyways, Anyways, 159 00:07:07,320 --> 00:07:09,200 without further ado, let's get right into it. 160 00:07:19,760 --> 00:07:23,880 Can you dig? It GMGM Yeah, better day? 161 00:07:23,960 --> 00:07:26,440 Well, I actually don't know. Net Net was around the same sort 162 00:07:26,440 --> 00:07:27,800 of level, at least on Bitcoin yesterday. 163 00:07:27,800 --> 00:07:31,000 But what we have seen is a bounce in the bags which we all 164 00:07:31,000 --> 00:07:34,960 hold, which is Solana and Solana meme coins. 165 00:07:35,760 --> 00:07:38,320 Definitely sort of a big, big outperformance of mean coins 166 00:07:38,320 --> 00:07:43,880 after the Fed yesterday. Don't really know why in terms 167 00:07:43,880 --> 00:07:46,080 of the correlation between mean coins and the Fed, but it's 168 00:07:46,080 --> 00:07:50,600 definitely there they the Fed basically came out and they kept 169 00:07:50,600 --> 00:07:53,440 interest rates unchanged. Interestingly, the main thing is 170 00:07:53,440 --> 00:07:55,400 that they said they weren't going to increase interest rates 171 00:07:56,800 --> 00:08:00,200 and the and their balance sheet just seemed more like the the 172 00:08:00,200 --> 00:08:01,840 projections on their on their balance sheet seemed more 173 00:08:01,840 --> 00:08:04,800 dovish. So generally you saw macro rise. 174 00:08:04,800 --> 00:08:07,360 It hasn't gone like absolutely crazy. 175 00:08:07,360 --> 00:08:10,720 You just sort of like a you know it it's I think U.S. stocks are 176 00:08:10,720 --> 00:08:13,720 up slightly today. But what you really did see is a 177 00:08:13,720 --> 00:08:16,280 kind of a bounce in crypto from that exact moment. 178 00:08:16,960 --> 00:08:20,320 We did say yesterday that you know normally when normally we 179 00:08:20,320 --> 00:08:23,000 have these big pivotal moments and there's been a trend, 180 00:08:23,000 --> 00:08:25,640 they're normally seen as the reversal or at least like a 181 00:08:25,640 --> 00:08:30,120 bounce against that trend. Bitcoin is now going up to 59 K 182 00:08:31,840 --> 00:08:34,760 that is out or around. It's it's realized price which 183 00:08:34,760 --> 00:08:37,159 is that key key moment where it offs and bounces off. 184 00:08:37,640 --> 00:08:42,000 ETH went back to around 3K now and and it looks like Salon is 185 00:08:42,000 --> 00:08:46,520 up to 138. So Solana bounced easily the 186 00:08:46,520 --> 00:08:52,120 most and along with that all all the meme coins which have been 187 00:08:52,120 --> 00:08:54,360 outperforming for for a few days. 188 00:08:55,440 --> 00:08:58,800 A lot of them really haven't had a bad week if I'm honest. 189 00:08:58,800 --> 00:09:03,320 Like Pepe with a lot of the Solana meme coins, they were 190 00:09:03,320 --> 00:09:05,360 mixed at best. At at worst. 191 00:09:05,360 --> 00:09:06,760 Sorry. Like a lot of them actually did 192 00:09:06,760 --> 00:09:08,040 All right. Like you've had things like 193 00:09:08,040 --> 00:09:11,280 Popcap Mitchy all hitting all time highs. 194 00:09:12,120 --> 00:09:14,760 Yeah, not that bad in Solana meme coins if I'm honest, 195 00:09:14,760 --> 00:09:16,680 compared to compared to a lot of other things. 196 00:09:16,680 --> 00:09:20,440 So that was interesting to see. You've seen a bounce in 197 00:09:20,440 --> 00:09:21,440 altcoins. A lot of people have been 198 00:09:21,440 --> 00:09:24,080 calling for altcoins season off the back of this because Bitcoin 199 00:09:24,080 --> 00:09:26,360 dominance has come down. It was actually. 200 00:09:26,560 --> 00:09:29,880 It was actually the biggest outflow day ever for the ETS 201 00:09:30,600 --> 00:09:36,920 yesterday, so about 500, I think 550 million odd and outflows 202 00:09:36,920 --> 00:09:39,000 across the board. So even BlackRock for the first 203 00:09:39,000 --> 00:09:41,120 time in 77 days sorts for an outflow. 204 00:09:41,560 --> 00:09:47,080 Against that you had Mr. 100 who bought I think over 2000 Bitcoin 205 00:09:47,080 --> 00:09:48,720 yesterday, Something crazy like that. 206 00:09:51,080 --> 00:09:54,560 You don't know this guy Mr. 100. So I've read about it but don't 207 00:09:54,640 --> 00:09:58,200 I haven't looked into the lore so would love to know what this 208 00:09:58,200 --> 00:10:01,160 Mr. I saw an article like it was on the crypt like later like 209 00:10:01,160 --> 00:10:03,240 last month. Like who is this Mr. 100? 210 00:10:03,240 --> 00:10:09,280 But I, I I I don't know. It's an unknown entity seeming 211 00:10:09,280 --> 00:10:13,600 seemingly is getting funded via a Korean exchange. 212 00:10:13,600 --> 00:10:17,440 I believe it's up bit, but people think that it could be 213 00:10:17,440 --> 00:10:26,520 Qatar or a sovereign wealth fund and they are now now like 214 00:10:26,520 --> 00:10:30,200 amongst the top 10 holders I think of Bitcoin or at least in 215 00:10:30,200 --> 00:10:32,520 the top 20 and they are just buying every single day. 216 00:10:32,520 --> 00:10:38,600 Yesterday they bought, it looks like they bought 2200 Bitcoin 217 00:10:38,600 --> 00:10:43,920 yesterday alone. So yeah, just firing off 218 00:10:44,320 --> 00:10:49,160 6,000,000 clips, 100 hundred Bitcoin is around $6 million. 219 00:10:49,160 --> 00:10:54,920 So they are just they're firing that into Bitcoin to buy. 220 00:10:54,920 --> 00:10:57,960 So probably a sovereign wealth fund to have that much money, 221 00:10:58,760 --> 00:11:00,520 massively increasing their holdings recently. 222 00:11:00,520 --> 00:11:02,440 So I mean, there's a lot of private people that also have 223 00:11:02,440 --> 00:11:04,760 that much money, right? But you're. 224 00:11:04,840 --> 00:11:07,040 Right there are, but that is still still. 225 00:11:08,840 --> 00:11:13,400 They bought how many Bitcoin yesterday, 2000. 226 00:11:14,000 --> 00:11:17,560 You said 2000? They bought 2000 Bitcoin, yeah. 227 00:11:17,560 --> 00:11:20,840 Interesting look at this is I thought rcam Intel post from 228 00:11:20,840 --> 00:11:24,560 last month and Mr. 100 is a BTC address that receives 100 229 00:11:24,560 --> 00:11:27,400 Bitcoin at a time. Oh, that's why they call him Mr. 230 00:11:27,400 --> 00:11:29,400 100. Yeah, he normally buys it in 100 231 00:11:29,640 --> 00:11:32,520 hundred Bitcoin clips, but sometimes it's more, sometimes 232 00:11:32,520 --> 00:11:34,440 it's less. It's normally around that sort 233 00:11:34,440 --> 00:11:38,080 of amount, but yeah. So on the up it side, which is 234 00:11:38,080 --> 00:11:41,480 the South Korean exchange, which is responsible for more volume 235 00:11:41,480 --> 00:11:44,040 than all other exchanges, but it's private only. 236 00:11:44,040 --> 00:11:45,800 You can't be having institutions on there. 237 00:11:46,080 --> 00:11:49,840 You have to run through a personal like you have to run 238 00:11:49,840 --> 00:11:52,120 through a person to use it, right? 239 00:11:53,600 --> 00:11:56,240 The, the, the South Korean exchanges, and I know this from 240 00:11:56,240 --> 00:12:01,400 Epic is yeah, they they are a different sort of league in 241 00:12:01,400 --> 00:12:04,120 terms of it's very. Private You have to be Korean 242 00:12:04,120 --> 00:12:06,360 national to actually use up it. Yeah. 243 00:12:06,600 --> 00:12:09,960 They don't have market makers, they don't have the the 244 00:12:09,960 --> 00:12:12,040 advertising laws are much, much stronger. 245 00:12:12,920 --> 00:12:15,240 To get listed on an exchange like that is, is very, very 246 00:12:15,240 --> 00:12:18,040 difficult. So I think with and Pepe got 247 00:12:18,040 --> 00:12:20,320 listed on there recently and that on like OK, X for example 248 00:12:20,320 --> 00:12:23,320 and that was like a big, big deal because it's not easy to 249 00:12:23,320 --> 00:12:24,520 do. Yeah. 250 00:12:26,200 --> 00:12:28,920 That being said, yeah, so this is an account being funded I 251 00:12:28,920 --> 00:12:32,560 believe from upbeat but but it's his only wallet. 252 00:12:32,560 --> 00:12:37,560 I think it now has about four billion of Bitcoin and it's 253 00:12:37,680 --> 00:12:40,440 really been buying it mainly over the last over the last few 254 00:12:40,440 --> 00:12:43,160 months. So big big holder of Bitcoin 255 00:12:43,160 --> 00:12:45,440 now. I have by the way. 256 00:12:45,440 --> 00:12:47,720 Can I jump in? I have a theory as to who it is. 257 00:12:47,880 --> 00:12:49,960 Who is it, Keith? Here we go. 258 00:12:50,560 --> 00:12:51,840 Bear with me. Bear with me. 259 00:12:51,960 --> 00:12:56,400 One, I actually don't think Mr. 100 is a guy. 260 00:12:56,400 --> 00:13:02,280 I think it's a woman. OK, I'm done with that. 261 00:13:02,280 --> 00:13:05,800 Two, I'm convinced it's Vanessa. No. 262 00:13:07,160 --> 00:13:08,520 Friend. Yes. 263 00:13:09,360 --> 00:13:13,160 I mean dude, if if my girlfriend Mr. One. 100 And that she is and 264 00:13:13,160 --> 00:13:16,280 that she is, she is slowly accumulating. 265 00:13:16,800 --> 00:13:20,400 And if you don't propose Farooq, she's going to leave and be the 266 00:13:20,400 --> 00:13:23,640 biggest Bitcoin whale in the world and rub it in your face. 267 00:13:23,680 --> 00:13:26,040 Oh my God, bro. I swear to God man. 268 00:13:26,600 --> 00:13:28,040 You know what? I'm getting this. 269 00:13:28,400 --> 00:13:29,880 This is my theory. This is my theory. 270 00:13:29,880 --> 00:13:31,960 This is not Nokia theory. I'm getting hit from everywhere. 271 00:13:31,960 --> 00:13:35,640 Between Benny messaging me every day, Hannah, you sometimes the 272 00:13:35,640 --> 00:13:38,960 boys listen. If if Vanessa is Mr. or misses 273 00:13:38,960 --> 00:13:42,000 100, boy do I have a ring ready for her. 274 00:13:42,400 --> 00:13:46,840 I'm scared. Here's a ring ready for you, it 275 00:13:46,840 --> 00:13:48,280 feels like. Exactly. 276 00:13:50,280 --> 00:13:52,200 I think Vanessa should just leave you right now. 277 00:13:52,240 --> 00:13:55,720 If she's Mr. 100, OK? If Vanessa, my girlfriend is Mr. 278 00:13:55,720 --> 00:13:59,240 100, just know there will be signs, there will be, there will 279 00:13:59,240 --> 00:14:02,160 be signs, there will be signs of this. 280 00:14:02,200 --> 00:14:07,120 Anyways, Speaking of another Mr. let's go, let's go to Keith. 281 00:14:07,120 --> 00:14:09,440 Actually, since you're on stage right now, you had some massive 282 00:14:09,440 --> 00:14:11,720 news and of course this is probably what you're here to 283 00:14:11,720 --> 00:14:14,280 talk about. And obviously shout to the Crypt 284 00:14:14,280 --> 00:14:17,640 article that went live earlier. I saw it quoted by a few few 285 00:14:17,640 --> 00:14:21,320 people earlier, but PayPal expands crypto offerings with 286 00:14:21,320 --> 00:14:24,280 Moonpay integration. PayPal has linked up with 287 00:14:24,320 --> 00:14:28,120 Moonpay to offer its millions of users access to over 100 288 00:14:28,120 --> 00:14:30,600 cryptocurrencies. This is AI mean. 289 00:14:30,600 --> 00:14:35,240 This is a massive deal. This is so big and and I 290 00:14:35,240 --> 00:14:36,360 obviously love finding out about it. 291 00:14:36,360 --> 00:14:39,400 Today. Keith refused to tell me in New 292 00:14:39,400 --> 00:14:41,440 York when I met with him last week, he was like, I have a 293 00:14:41,440 --> 00:14:43,080 massive news, but I'm not allowed to tell you I'm like 294 00:14:43,080 --> 00:14:44,240 what he's like, yeah, I'm not telling you. 295 00:14:44,240 --> 00:14:46,640 I'm like, dude, come on. And he wouldn't tell me for the 296 00:14:46,640 --> 00:14:48,120 life of him. And here it is. 297 00:14:48,120 --> 00:14:51,360 So Keith, president of Enterprise at Muumpei. 298 00:14:51,840 --> 00:14:55,080 I mean, boy oh boy, Talk to us about just how big this is. 299 00:14:56,400 --> 00:14:59,520 So, OK, first, let me step back. I, I genuinely do think that 300 00:14:59,520 --> 00:15:01,560 this is Vanessa before we jump into the news. 301 00:15:01,560 --> 00:15:06,800 OK. And second, you know, OV and 302 00:15:06,800 --> 00:15:10,440 Mando like I, I hope that you continue to deliver the great 303 00:15:10,440 --> 00:15:13,840 perspective on on the space, even if Baroque thinks that it 304 00:15:13,840 --> 00:15:17,480 is, you know, boring at times. You know, please continue to 305 00:15:17,480 --> 00:15:20,440 push through this. But you know, I would be remiss 306 00:15:20,440 --> 00:15:22,440 if I didn't jump on stage on this one. 307 00:15:22,440 --> 00:15:25,520 And I know I've been absent. But we've literally the entire 308 00:15:25,520 --> 00:15:29,280 team at Wunpei has just been heads down for so long in the 309 00:15:29,280 --> 00:15:32,000 past year and a half or so, building and building and 310 00:15:32,000 --> 00:15:34,720 building. And this is to me like one of 311 00:15:34,720 --> 00:15:36,640 the most transformative announcements we could make. 312 00:15:36,920 --> 00:15:43,080 And here's why. The biggest issue is not access 313 00:15:43,080 --> 00:15:48,320 to, you know, the partnership with, you know, Paypal's 426 314 00:15:48,320 --> 00:15:50,320 million people. The biggest issue is not the 315 00:15:51,320 --> 00:15:54,120 access to the 110 plus crypto currencies. 316 00:15:54,400 --> 00:15:58,880 The biggest issue is actually when people go to buy crypto 317 00:15:58,880 --> 00:16:03,000 today and go from Fiat like regular cash into crypto and 318 00:16:03,000 --> 00:16:08,720 enter into our ecosystem the way that the banking rails and the 319 00:16:09,360 --> 00:16:11,640 structures are set up. Like there are a lot of 320 00:16:11,640 --> 00:16:14,600 declines. And using PayPal and integrating 321 00:16:14,600 --> 00:16:18,560 with PayPal actually enables us to reduce the declines and 322 00:16:18,560 --> 00:16:21,400 increase the success rates not just for Moon pay, but like for 323 00:16:21,400 --> 00:16:23,160 all of the partners that we also integrate into. 324 00:16:23,320 --> 00:16:27,760 So, like, this is for me like unbelievably transformative. 325 00:16:28,160 --> 00:16:32,640 It sounds so simple. But like, ultimately if we are 326 00:16:32,640 --> 00:16:36,880 going to on board the masses into this ecosystem that 327 00:16:36,920 --> 00:16:40,600 everyone in this space cares about and loves, like we need to 328 00:16:40,600 --> 00:16:43,240 do it in partnership with players that have these 329 00:16:43,240 --> 00:16:46,360 established rails. And there's no one bigger than 330 00:16:46,360 --> 00:16:49,480 PayPal, right? And so they have. 331 00:16:49,480 --> 00:16:54,120 I've known Jose for years. He, you know, supported me 332 00:16:54,360 --> 00:16:57,600 immensely when I was at time. He is a friend. 333 00:16:57,760 --> 00:17:04,359 He is incredibly innovative. And when PayPal shook up, you 334 00:17:04,359 --> 00:17:08,920 know their leadership team and ranks right like new rails and 335 00:17:08,920 --> 00:17:13,359 new approaches to their sort of business is a huge initiative 336 00:17:13,440 --> 00:17:16,640 for their new CEO. So I I could not be more excited 337 00:17:16,640 --> 00:17:20,200 Farook and I, because I love you guys and I love this show. 338 00:17:20,240 --> 00:17:23,280 Like, no matter what we were doing today, I wanted to be here 339 00:17:23,280 --> 00:17:25,319 to talk to you and talk to this community about it. 340 00:17:25,440 --> 00:17:26,960 Yeah, I appreciate it. I mean, the news broke like an 341 00:17:26,960 --> 00:17:28,680 hour ago and you're here right now, which is really cool. 342 00:17:28,680 --> 00:17:31,200 So PayPal has 450 million users. But what I'm picking up from 343 00:17:31,200 --> 00:17:33,880 this article Keith, that I really like a lot, which was I 344 00:17:33,880 --> 00:17:37,800 think one of the most important parts of it all is PayPal. 345 00:17:37,800 --> 00:17:41,200 Customers could previously buy Bitcoin Theorem, PayPal, USD, 346 00:17:41,200 --> 00:17:44,720 Bitcoin Cash and Litecoin. With the Moon Pay Deal customers 347 00:17:44,720 --> 00:17:48,200 will also have access to Solana, Tether, Dogecoin, Cardano. 348 00:17:48,200 --> 00:17:51,720 I mean, maybe you could have omitted Cardano Matic and more. 349 00:17:53,080 --> 00:17:55,720 It's one massive emission there as well, but we don't have to 350 00:17:55,720 --> 00:17:56,480 get into. It. 351 00:17:56,480 --> 00:17:57,560 Oh, epic. Oh. 352 00:17:57,640 --> 00:18:01,320 Yeah, epic. Can can you buy Epic now on pay 353 00:18:01,520 --> 00:18:03,320 on PayPal or what? Cardona. 354 00:18:03,560 --> 00:18:05,040 Who the fuck owns Cardona? OK, OK. 355 00:18:06,640 --> 00:18:09,880 We're not. I can't hawk coins, OK? 356 00:18:10,040 --> 00:18:14,560 Like I like I I what I will or what? 357 00:18:17,600 --> 00:18:18,480 I I mean, look. Give me. 358 00:18:18,480 --> 00:18:20,480 Just give me a meeting. All right, I'll make it happen. 359 00:18:21,000 --> 00:18:23,480 Good for Solana and therefore is good for Epic. 360 00:18:25,360 --> 00:18:33,000 I I will say this is I I look, I really have unbelievable respect 361 00:18:33,000 --> 00:18:35,440 for Mando and like anything he's gonna touch. 362 00:18:35,560 --> 00:18:40,520 And so, like, it's amazing that Epic is is a testament to one 363 00:18:40,520 --> 00:18:44,280 man's, you know, intelligence, respect by the community and 364 00:18:44,280 --> 00:18:45,800 willpower. How's that? 365 00:18:46,000 --> 00:18:49,200 Don't inflate his ego like that. Come on, let's have a meeting. 366 00:18:49,280 --> 00:18:50,320 Let's have a meeting. Let's get. 367 00:18:50,320 --> 00:18:53,360 Let's get this on the test tester of the next 100 tokens. 368 00:18:56,920 --> 00:19:02,840 But no, look, look, it's it's huge in the sense that the, the 369 00:19:02,840 --> 00:19:07,360 barrier to entry into our ecosystem still remains high, 370 00:19:07,720 --> 00:19:10,280 right. And it needs to be simplified 371 00:19:10,320 --> 00:19:13,160 over and over and over again like we need to be able to get 372 00:19:13,160 --> 00:19:15,480 it down to essentially one touch right. 373 00:19:15,520 --> 00:19:18,520 That is what took Amazon off like to the next level. 374 00:19:18,880 --> 00:19:21,440 This brings us closer to that, right. 375 00:19:21,440 --> 00:19:25,160 Like this being able to partner with a player like PayPal and 376 00:19:25,160 --> 00:19:29,440 being able to allow users to use their existing PayPal accounts 377 00:19:29,440 --> 00:19:32,840 and their existing sort of information to be able to, you 378 00:19:32,840 --> 00:19:38,520 know, enter into our ecosystem fully, fully is is unbelievably 379 00:19:38,520 --> 00:19:43,480 powerful, right. And like for me a like I I I'm 380 00:19:43,480 --> 00:19:46,720 lucky I get to be the mouthpiece of this company from time to 381 00:19:46,720 --> 00:19:49,040 time, you know, and Ivan's the mouthpiece of the company from 382 00:19:49,040 --> 00:19:52,640 time to time. We've had incredible PED team 383 00:19:52,640 --> 00:19:56,200 and engineering team and product team working on this day and 384 00:19:56,200 --> 00:19:58,600 night for well over a year, right. 385 00:19:58,600 --> 00:20:01,800 This was not like, oh like let's strike a deal two weeks ago. 386 00:20:01,800 --> 00:20:06,080 This is like well over a year's worth of work that has gone into 387 00:20:06,080 --> 00:20:08,560 this. And so like for us, like we are 388 00:20:08,560 --> 00:20:11,720 so utterly excited because like we're not thinking about this 389 00:20:11,720 --> 00:20:13,800 announcement today. We're thinking about like, OK, 390 00:20:13,800 --> 00:20:17,200 like this announcement today is rolled out and live to 50% of 391 00:20:17,200 --> 00:20:20,680 Moonpay users and partners today. 392 00:20:20,920 --> 00:20:24,680 It will ultimately be in the US It will ultimately be 100% in 393 00:20:24,680 --> 00:20:30,000 the coming week or so and in the coming weeks it will be the EU 394 00:20:30,000 --> 00:20:31,440 and the rest of the world, right. 395 00:20:31,440 --> 00:20:35,320 So like we are looking at this as like this is a unbelievably 396 00:20:35,320 --> 00:20:37,040 transformative moment in the company. 397 00:20:37,040 --> 00:20:39,640 Like I think we will look back at this, this announcement, this 398 00:20:39,640 --> 00:20:42,160 moment and say like this is a really, really big moment. 399 00:20:43,440 --> 00:20:45,000 I love that. Congratulations, Keith. 400 00:20:45,000 --> 00:20:47,720 This is a big moment and so I'm glad that you come here on the 401 00:20:47,720 --> 00:20:49,800 show and explain it to the D Jans that are used to talking 402 00:20:49,800 --> 00:20:52,040 about that. Want to talk about meme coins 403 00:20:52,040 --> 00:20:54,880 and coins and all that. This is all good for your coins, 404 00:20:55,360 --> 00:20:57,000 lads and lasses. This is good. 405 00:20:57,160 --> 00:21:00,040 I I'm leaving now because I do not hawk coins. 406 00:21:00,040 --> 00:21:02,320 I do not hawk coins. We don't do that. 407 00:21:02,320 --> 00:21:04,560 But this is goodbye. Proud of you. 408 00:21:04,560 --> 00:21:05,280 Proud of you. Proud of you. 409 00:21:05,360 --> 00:21:06,400 This is good. This is good. 410 00:21:06,400 --> 00:21:09,200 Keith Keith went over to Munpay and said, all right, all right, 411 00:21:09,200 --> 00:21:12,240 no more buying board, Apes. It's time to like you know place 412 00:21:12,240 --> 00:21:14,760 us and places. He's he's gone now so I can say 413 00:21:14,760 --> 00:21:18,800 shit like that. But he's like all right, no more 414 00:21:18,800 --> 00:21:22,720 giving French Montana a board 8 and it's time to get us on 415 00:21:22,720 --> 00:21:25,000 boarded to 450 million users on PayPal. 416 00:21:25,320 --> 00:21:28,040 I mean last we were talking about catalysts to get the 417 00:21:28,040 --> 00:21:30,000 masses on boarded. I guess this is 1 good way. 418 00:21:30,000 --> 00:21:32,720 And again, like honestly this is again pretty good news on the 419 00:21:32,720 --> 00:21:35,400 Solana side boys. Because like the other day, we 420 00:21:35,400 --> 00:21:37,360 didn't really talk about too much, but it was like Coinbase 421 00:21:37,360 --> 00:21:40,560 Wallet decided to integrate Solana and therefore it's eco. 422 00:21:41,280 --> 00:21:44,920 And now you have PayPal because PayPal already had Bitcoin in 423 00:21:44,920 --> 00:21:47,320 Ethereum, but now has Solana and others. 424 00:21:48,120 --> 00:21:51,120 So honestly, yeah, there's. A FOMO going on right now. 425 00:21:51,120 --> 00:21:54,640 I don't know if you know this. So you picked up on it like 426 00:21:54,640 --> 00:21:57,920 Coinbase integrated with Solana and Jupiter. 427 00:21:57,920 --> 00:21:59,360 Really, they integrated with Jupiter? 428 00:21:59,760 --> 00:22:00,760 Jupiter. Yeah, correct. 429 00:22:01,000 --> 00:22:03,400 So similar to PayPal and Moon Pay integrate Solana. 430 00:22:03,400 --> 00:22:06,320 It's like it's Jupiter being aggregated, yeah. 431 00:22:06,760 --> 00:22:12,360 Moon Pay and and PayPal, Stripe. Stripe integrated right? 432 00:22:13,000 --> 00:22:14,800 So all the different payment providers are now trying. 433 00:22:14,800 --> 00:22:16,960 And then Phantom, on the same day of Coinbase's headlines, 434 00:22:16,960 --> 00:22:20,280 said they had what was it, 700 or 800 million users? 435 00:22:20,800 --> 00:22:26,720 7 million. So I think they're all now FOMO 436 00:22:26,720 --> 00:22:29,520 ING in and they're trying to do deals as quickly as possible. 437 00:22:29,520 --> 00:22:33,480 So this is this is this is another incremental big deal but 438 00:22:33,480 --> 00:22:36,120 like it's in a month where pretty much every payment 439 00:22:36,120 --> 00:22:42,440 provider, Stripe being like the behemoth is now FOMO in and 440 00:22:42,440 --> 00:22:44,280 that's going to force everyone to to do it. 441 00:22:44,680 --> 00:22:50,200 It's it's I I it's so big. Coinbase, PayPal and Stripe. 442 00:22:50,320 --> 00:22:52,800 Like, it's it's just like my belief in this thing is like, 443 00:22:52,840 --> 00:22:54,800 obviously, I'm so glad. I'm so glad. 444 00:22:54,800 --> 00:22:58,040 As well right? Like all like all the credit 445 00:22:58,040 --> 00:22:59,680 card providers are starting to do it like. 446 00:22:59,680 --> 00:23:03,840 It's I wrote a dashboard about usage of USD of stable coins and 447 00:23:03,840 --> 00:23:06,880 the prime example they use was Solara to show the activity of 448 00:23:06,880 --> 00:23:09,960 stable coins on the Solara network which has skyrocketed 449 00:23:10,880 --> 00:23:13,680 which is extremely bullish. I mean I'm starting to feel like 450 00:23:13,680 --> 00:23:16,480 this is starting to feel more and more to me and OV isn't one 451 00:23:16,480 --> 00:23:19,680 who touched on that Monday, but like that period in this in in 452 00:23:19,680 --> 00:23:24,520 2021 of like where we had a huge downtrend before the summer but 453 00:23:24,520 --> 00:23:27,200 then again like Visa but a punk and then remember crypto punk's. 454 00:23:27,200 --> 00:23:28,920 But like we're talking about we're talking about similar 455 00:23:28,920 --> 00:23:31,520 institutions here but this time around we have all the ETF 456 00:23:31,520 --> 00:23:34,880 issuers and everything. Anyways back to the market I I I 457 00:23:34,880 --> 00:23:37,320 want to shout out. I do have to shout out one coin. 458 00:23:39,400 --> 00:23:41,080 I don't have to give one shout out because they're in the 459 00:23:41,080 --> 00:23:44,600 comments and I fuck with them. I got to shout out Michi because 460 00:23:44,600 --> 00:23:47,240 I missed this entire move from zero to 100 mil. 461 00:23:47,320 --> 00:23:49,680 I don't have a single token. I'm not even kidding. 462 00:23:49,680 --> 00:23:52,040 I'm deep in my soul with in my in my epic. 463 00:23:52,040 --> 00:23:53,840 I'm very proud of it, of my positions. 464 00:23:54,200 --> 00:23:58,200 But those folks just hit 100 mil right now and they've been all 465 00:23:58,200 --> 00:24:01,720 over my comments and I kind of disregarded it because usually 466 00:24:01,720 --> 00:24:04,760 when I have like 1,000,000 reply guys and girls in my comments, 467 00:24:05,080 --> 00:24:10,760 it's not always good. But that's the one outlier that 468 00:24:10,760 --> 00:24:13,600 decides that these made us kiss similar comment, right? 469 00:24:13,600 --> 00:24:15,560 And I'm sure if they're in my comment, they're in you guys's 470 00:24:15,560 --> 00:24:17,840 too. But one outlier that just 471 00:24:17,840 --> 00:24:23,600 decides to go to 100 milk after spamming me day and night? 472 00:24:24,000 --> 00:24:26,240 I mean, did you guys have any exposure to this one? 473 00:24:27,240 --> 00:24:29,160 No, they they are actually a pumped up fun coin. 474 00:24:30,640 --> 00:24:33,800 Popped off to pump. Again, out of the three pumped 475 00:24:33,800 --> 00:24:38,600 up Fun coins, we're now third behind Mitchy and and Shotcat. 476 00:24:38,800 --> 00:24:41,000 Shotcat also had a huge day. Rather, they got a license. 477 00:24:41,600 --> 00:24:44,440 The license. The license for the the cat. 478 00:24:45,040 --> 00:24:47,080 I know they were. They were not like apparently 479 00:24:47,080 --> 00:24:49,320 Gnarla Cat was like, suing them or something. 480 00:24:49,640 --> 00:24:51,840 It was a cat that was suing them, blah blah. 481 00:24:51,840 --> 00:24:54,360 We covered it on the crib. We meaning like our riders and 482 00:24:54,360 --> 00:24:56,440 they were like a lot of the comedian holder sounds like 483 00:24:56,440 --> 00:24:58,320 attacking the writer. All he was doing was like 484 00:24:58,360 --> 00:25:01,000 reporting on the news that that it was DMCA or something. 485 00:25:01,640 --> 00:25:03,320 So I'm sure there's going to be a follow up on that. 486 00:25:03,320 --> 00:25:05,600 But I thought that was funny. I like shark cats for a moment. 487 00:25:05,720 --> 00:25:09,480 I was in all the cats and I just decided to go all in my duck to 488 00:25:09,480 --> 00:25:11,920 a book. Anyways, my opinions, my own 489 00:25:12,000 --> 00:25:16,200 Obviously there's a heavy back bias here on all on on all. 490 00:25:16,400 --> 00:25:18,880 Oh it was a cat suing a cat. Yeah it was a cat fight. 491 00:25:19,120 --> 00:25:22,320 See you can't trust cats. OV has a point, are we? 492 00:25:22,800 --> 00:25:25,400 But that narrative of a cat to a billion is being pushed heavy 493 00:25:25,400 --> 00:25:30,440 this cycle. OV like GCR, the real GCR, not 494 00:25:30,440 --> 00:25:33,680 the different versions of the GCR, called for that. 495 00:25:34,440 --> 00:25:35,960 Called for what? Like 1 cat going to the. 496 00:25:35,960 --> 00:25:39,040 Cat coin hitting a billion. A billion dollars like way back, 497 00:25:39,040 --> 00:25:42,520 like in Europe. Yeah, I mean, sure, but there's 498 00:25:42,520 --> 00:25:45,240 like 10 cat coins like. I know. 499 00:25:45,240 --> 00:25:47,480 Look at this duck. There's only one there's there's 500 00:25:47,480 --> 00:25:48,880 only one duck coin. Like, I don't know. 501 00:25:48,880 --> 00:25:50,600 Why don't you just play the odds there? 502 00:25:50,840 --> 00:25:52,200 Yeah, there you go. There you go. 503 00:25:52,240 --> 00:25:54,120 There you go. You guys are so funny. 504 00:25:54,760 --> 00:25:55,960 This is true. This is very true. 505 00:25:55,960 --> 00:25:57,720 Anyways, it looks like the question for you guys. 506 00:25:58,400 --> 00:26:00,640 Two questions. First question, it could go to 507 00:26:00,680 --> 00:26:03,680 either of you. First question is Bitcoin 508 00:26:03,880 --> 00:26:08,120 obviously like could go higher, could also go much lower, like 509 00:26:08,120 --> 00:26:10,480 back to the 40s. Does that mean they're also 510 00:26:10,480 --> 00:26:12,080 really going to go lower? Because you talked about some 511 00:26:12,080 --> 00:26:14,080 people calling for alt season. And on the back of that 512 00:26:14,080 --> 00:26:18,880 question, is alt season, alt season, or more of a meme season 513 00:26:19,600 --> 00:26:23,920 continuing on the back of that? But I mean, it's tough, tough to 514 00:26:23,920 --> 00:26:27,000 say about Bitcoin, right? Like Bitcoin hit it, broke 515 00:26:27,000 --> 00:26:29,880 through 58 K and then reversed on the back of this Fed thing, 516 00:26:30,640 --> 00:26:33,600 the outflow figure from ETF. Like you can't kid yourself that 517 00:26:33,600 --> 00:26:38,960 it's a big outflow again 500 million on on top of the whole 518 00:26:38,960 --> 00:26:43,520 of April seeing around that by about 400 million I think was in 519 00:26:43,520 --> 00:26:45,920 the April and we had that in one day yesterday. 520 00:26:46,160 --> 00:26:51,120 So a big, big outflow day now it's always bit backward looking 521 00:26:51,840 --> 00:26:54,520 and I've said before like I'm going to wait to see some 522 00:26:54,520 --> 00:26:56,840 stability. I I I get the feeling that we're 523 00:26:56,840 --> 00:26:58,840 going to range here for for a bit. 524 00:26:59,960 --> 00:27:03,280 I'd be wary of just like seeing AV shaped recovery by any means. 525 00:27:03,800 --> 00:27:09,480 I still think that we could go in down into the low 50s there. 526 00:27:09,480 --> 00:27:12,720 There is clearly some support around that that realized price 527 00:27:12,720 --> 00:27:16,080 figure which is around 5758 K right now. 528 00:27:16,760 --> 00:27:20,120 So maybe we continue to bounce off that for a little bit. 529 00:27:20,120 --> 00:27:26,200 But I'm I'm sitting here. I didn't I didn't buy back in. 530 00:27:26,200 --> 00:27:29,960 I didn't like hugely buy that dip like I bought some Solana. 531 00:27:30,240 --> 00:27:32,880 But that was that was it and I thought I'd have a chance to buy 532 00:27:32,880 --> 00:27:38,280 more if I'm honest. But now it's at 100 and 39140 533 00:27:39,280 --> 00:27:41,760 like I'm good. Like I've got a big big bags 534 00:27:41,760 --> 00:27:43,880 already. I I I think this dip is going to 535 00:27:43,880 --> 00:27:47,200 have another dip basically is what I'm saying and I don't. 536 00:27:47,440 --> 00:27:51,160 I think you can chop yourself up pretty badly here actually if 537 00:27:51,160 --> 00:27:53,600 I'm honest. I think if you stop FOMO into 538 00:27:53,600 --> 00:27:56,040 different things. So I will be prepared for a bit 539 00:27:56,040 --> 00:28:01,360 more of an extended period here of of chop is it chop, but not a 540 00:28:01,360 --> 00:28:03,280 bad one. We're not going we're not going 541 00:28:03,280 --> 00:28:05,840 to 40K. In my opinion that that was like 542 00:28:05,920 --> 00:28:07,520 that was that's KVM being overly bare. 543 00:28:07,520 --> 00:28:09,320 It's like we'd have to have a real meltdown, not. 544 00:28:09,400 --> 00:28:12,000 Just kid Yang, though. Who else was saying that, 545 00:28:12,120 --> 00:28:14,160 though? Oh, my favorite traders. 546 00:28:14,160 --> 00:28:15,360 All my favorite. Sorry, sorry, sorry. 547 00:28:16,080 --> 00:28:20,040 All my favorite astrologists are calling for the 40s. 548 00:28:20,080 --> 00:28:24,520 Like all the people that talk about golden crosses and and and 549 00:28:24,520 --> 00:28:26,120 like. And like. 550 00:28:26,400 --> 00:28:27,800 Not the technicals. I'm just looking at the 551 00:28:27,800 --> 00:28:29,520 fundamentals. You'd have to see massive 552 00:28:29,640 --> 00:28:31,640 sustained outflows. I think from the ETF for us to 553 00:28:31,640 --> 00:28:33,680 go down to 40, you'd have to see. 554 00:28:34,120 --> 00:28:36,600 And I just, although we had a very, very bad day yesterday. 555 00:28:36,600 --> 00:28:40,200 My my feeling again, you saw yesterday that BlackRock came 556 00:28:40,200 --> 00:28:42,960 out with a foolish note saying a bunch of different types of 557 00:28:42,960 --> 00:28:46,960 institutions are coming out to try and buy the ETF now I think 558 00:28:46,960 --> 00:28:49,440 you'd have to obviously a complete macro meltdown, which 559 00:28:49,440 --> 00:28:52,400 after the Fed yesterday seems less likely. 560 00:28:52,640 --> 00:28:56,960 My guess is that the Japanese, the South Koreans, the Chinese 561 00:28:56,960 --> 00:28:59,680 all in their ear being like you can't raise rates or we're going 562 00:28:59,680 --> 00:29:05,240 to smash the US Treasury market. And so I don't think we're going 563 00:29:05,240 --> 00:29:08,480 to see a macro meltdown. And then for for crypto it's 564 00:29:08,560 --> 00:29:10,560 it's more just about the flows and yeah, the flows haven't been 565 00:29:10,560 --> 00:29:14,400 great, but I don't see them accelerating to the downside. 566 00:29:14,520 --> 00:29:16,720 That's basically where I'm at. So I think we could we we'll 567 00:29:16,720 --> 00:29:20,080 have a few more sell offs in my opinion. 568 00:29:20,080 --> 00:29:21,520 I think we could hang out in the 50s. 569 00:29:21,840 --> 00:29:27,800 We broke this 60 to 70 range if we were in for about 60 days and 570 00:29:27,800 --> 00:29:32,040 now it feels like I can imagine like a 50 to 70 range being 571 00:29:32,040 --> 00:29:34,120 being more likely. OK. 572 00:29:34,640 --> 00:29:37,360 OK. Well, we'll talk about that when 573 00:29:37,560 --> 00:29:40,320 when time comes. Meme coins, meme coins and 574 00:29:40,320 --> 00:29:42,360 Solano, I think could do well. I'm not worried. 575 00:29:42,560 --> 00:29:44,920 About that is a bit more mixed, but I do think, I do think 576 00:29:44,920 --> 00:29:46,280 you're still going to have great stories here. 577 00:29:46,280 --> 00:29:49,440 I'm not. My only thing was should I move 578 00:29:49,520 --> 00:29:53,280 my some soul meme coins into soul itself and never thought of 579 00:29:53,280 --> 00:29:55,320 like just like just outright selling the soul. 580 00:29:55,320 --> 00:29:56,840 I mean what are you going to chase, right? 581 00:29:56,840 --> 00:30:00,800 OK, worst case we work down more like we work down to like 115 582 00:30:00,800 --> 00:30:05,160 during the the whole Iran thing that weekend with Israel. 583 00:30:05,160 --> 00:30:07,040 So it's like. I kind of got a feeling the 584 00:30:07,040 --> 00:30:09,920 market's going to bitcoin's going to push about 60 K here. 585 00:30:09,920 --> 00:30:13,200 Like I think no one is, no one is expecting it now. 586 00:30:13,200 --> 00:30:15,120 Like every I think everyone has gotten themselves quite bearish 587 00:30:15,120 --> 00:30:16,160 because of the price. Price. 588 00:30:16,160 --> 00:30:19,160 Actually even me. Yeah, everyone is bearish like I 589 00:30:19,160 --> 00:30:22,720 had like not one person's bear is bullish and I think. 590 00:30:22,720 --> 00:30:24,200 Are they not? I think everyone's bullish. 591 00:30:24,200 --> 00:30:27,840 They're just not as. I don't think people are 592 00:30:27,840 --> 00:30:29,560 bullish. I think people are holding on 593 00:30:29,560 --> 00:30:30,160 scared. I. 594 00:30:30,280 --> 00:30:33,080 Think PTSD came back? I think it's PTSD came back. 595 00:30:33,080 --> 00:30:34,960 It's that no, it's not that people are bearish because we're 596 00:30:34,960 --> 00:30:37,640 all turbo bullish over time. Let me play it this way. 597 00:30:37,640 --> 00:30:41,360 No one is short term bullish. Everyone is like medium or long 598 00:30:41,600 --> 00:30:43,160 bullish. I don't think anyone's short 599 00:30:43,160 --> 00:30:44,080 term bullish. I agree. 600 00:30:44,080 --> 00:30:47,600 With anyone, my entire fee and all my friends are short term 601 00:30:47,600 --> 00:30:49,000 bearish. Fucking talking, by the way, 602 00:30:49,000 --> 00:30:50,600 short term, you're talking like the summer, right? 603 00:30:50,600 --> 00:30:52,040 Like June, July, like short term. 604 00:30:52,120 --> 00:30:56,360 I am, I am. I I think we will range now 605 00:30:56,760 --> 00:30:59,560 until the summer. That's basically my my view is 606 00:30:59,560 --> 00:31:01,480 that bearish or is that just being like I think we're in a 607 00:31:01,480 --> 00:31:03,400 period of consolidation? That's not being bearish. 608 00:31:03,400 --> 00:31:05,440 OK, but that's. But it also means no one's 609 00:31:05,440 --> 00:31:07,400 bullish like. I think we could easily go above 610 00:31:07,400 --> 00:31:09,600 60 K, but I don't think that's bare. 611 00:31:09,600 --> 00:31:13,120 I don't think that is that bullish if we go above 60 K or 612 00:31:13,120 --> 00:31:14,880 is that just like oh, OK, we just stopped, we're not going 613 00:31:14,880 --> 00:31:17,640 down to 40K. But I don't think anyone thinks 614 00:31:17,640 --> 00:31:19,360 we're going to 70 K before the summer. 615 00:31:19,920 --> 00:31:21,280 I yeah, I I would agree with that. 616 00:31:21,280 --> 00:31:23,480 I I don't think. I don't think we're hitting 70K. 617 00:31:23,680 --> 00:31:27,520 Right now, so the ETF, remember it was day before yesterday was 618 00:31:27,520 --> 00:31:29,080 month end. So I don't know if there's any 619 00:31:29,400 --> 00:31:32,320 sort of month end impact of the ETF flows from yesterday. 620 00:31:33,280 --> 00:31:37,240 There was some stuff. So shit always goes down month 621 00:31:37,240 --> 00:31:40,040 end man like. Well, a lot of people were 622 00:31:40,040 --> 00:31:45,800 waiting for this Fed refinancing for like global liquidity. 623 00:31:45,880 --> 00:31:51,040 It's something that that Ralph Paul keeps bringing up and that 624 00:31:51,040 --> 00:31:53,720 was less bearish as well. So like, yeah, you could see 625 00:31:53,720 --> 00:31:56,680 global liquidity going up. There's some weird, there is 626 00:31:56,680 --> 00:31:58,160 some weird stuff going on in macro, right? 627 00:31:58,160 --> 00:32:01,080 Like it's just a lot of the stuff that people were worried 628 00:32:01,080 --> 00:32:05,040 about with things like Japan, they just for it to spiral. 629 00:32:05,160 --> 00:32:06,400 This wouldn't have made any sense. 630 00:32:06,400 --> 00:32:10,000 Like the Fed, although the Fed has power, they just don't have 631 00:32:10,000 --> 00:32:12,440 the power really to raise rates in my opinion. 632 00:32:12,560 --> 00:32:15,760 Like they were just the the, the, the treasury market would 633 00:32:15,760 --> 00:32:18,360 just get absolutely hammered by all these these foreign 634 00:32:18,360 --> 00:32:20,080 countries if they if they attempt to do something like 635 00:32:20,080 --> 00:32:22,160 that. So yeah, I I can't really get 636 00:32:22,160 --> 00:32:26,080 overly bearish on macro, but I can, I can imagine we were in a 637 00:32:26,080 --> 00:32:30,000 range now like we need to see inflows, like we need to see 638 00:32:30,000 --> 00:32:32,000 inflows to this ETF. In my opinion that's been the 639 00:32:32,000 --> 00:32:34,160 whole trade. That has been the whole trade in 640 00:32:34,160 --> 00:32:42,960 crypto since November, so maybe we see a big inflow week or 641 00:32:42,960 --> 00:32:46,320 missed a bit, missed a 100 buys like another two grand of 642 00:32:46,320 --> 00:32:48,200 Bitcoin. The thing is also, there's so 643 00:32:48,200 --> 00:32:50,320 many sovereign states at some point that's going to be piling 644 00:32:50,320 --> 00:32:53,280 into fucking Bitcoin. Like, if anything, dude, like 645 00:32:53,280 --> 00:32:57,720 most like, let's have a second, let's go to the second wind of 646 00:32:57,720 --> 00:32:59,320 the question I had. It's like alter memes. 647 00:32:59,320 --> 00:33:03,880 Like, I'm, I'm not, if anything, I'm not bullish on Alter at all. 648 00:33:04,520 --> 00:33:07,640 Like aside from majors and memes, I'm only in majors and 649 00:33:07,640 --> 00:33:09,760 memes and I have been like this this entire cycle. 650 00:33:10,240 --> 00:33:12,320 I don't think I've had one alt cycle. 651 00:33:12,400 --> 00:33:14,440 I mean I don't counsel on as an alt unless you guys do it. 652 00:33:14,440 --> 00:33:16,080 I don't know. You guys tell me you know better 653 00:33:16,080 --> 00:33:19,600 than me, but I don't really treat it as an alt. 654 00:33:19,600 --> 00:33:22,520 I treat it as a major given everything going on for it. 655 00:33:22,560 --> 00:33:27,360 But I don't know it's it's it's kind of grim when it comes to 656 00:33:27,400 --> 00:33:28,600 the alt. That's why people are so pissed 657 00:33:28,600 --> 00:33:31,200 on the timeline, right? Like they're all positions are 658 00:33:31,200 --> 00:33:34,840 wrecked. Yeah, I just yeah alts. 659 00:33:34,840 --> 00:33:37,920 I just feel like you know with memes you have I tweeted this 660 00:33:37,920 --> 00:33:39,240 earlier today. But with memes you just have 661 00:33:39,400 --> 00:33:42,320 stubborn retail holder base that doesn't want to sell and you 662 00:33:42,320 --> 00:33:48,480 don't have VC vesting schedules. With alts you have random people 663 00:33:48,480 --> 00:33:50,720 have tricked themselves into thinking this is game changing 664 00:33:50,720 --> 00:33:55,640 tech and you have VC unlock schedules and like of the like 665 00:33:55,640 --> 00:33:58,600 that Solana was AVC coin. So like of all these like coins, 666 00:33:58,600 --> 00:34:00,280 eventually you know, never speak. 667 00:34:00,280 --> 00:34:03,120 Some of them will be good but a lot of them won't be whereas you 668 00:34:03,120 --> 00:34:04,200 don't really have that with memes. 669 00:34:04,200 --> 00:34:08,199 But the memes, you know memes like NFTS 2 years ago where 670 00:34:08,199 --> 00:34:12,239 we're like 99% of these memes will go to 0 but 1% will survive 671 00:34:12,239 --> 00:34:17,480 and become important and big. And I feel like we know what the 672 00:34:17,960 --> 00:34:20,360 winners are with regard to the big memes of cycle. 673 00:34:21,000 --> 00:34:23,280 And so I think you can just play. 674 00:34:23,480 --> 00:34:24,960 It's the, it's to me, it's an obvious play. 675 00:34:24,960 --> 00:34:28,600 Now you can play the obvious memes on the hope that they 676 00:34:28,600 --> 00:34:31,639 could still be A5 to 10X from here if the market goes crazy 677 00:34:32,600 --> 00:34:36,159 and they could. So it's like part means like you 678 00:34:36,159 --> 00:34:38,280 know, I'd rather be in something like Whiff or Pepe where we can 679 00:34:38,280 --> 00:34:40,960 we can be there with bigger money and more liquidity and 680 00:34:40,960 --> 00:34:42,960 still pet play for a pretty good upside. 681 00:34:43,159 --> 00:34:45,120 It's risky for sure, but you still have a pretty good upside 682 00:34:45,120 --> 00:34:47,239 there. I think I'd rather do that and 683 00:34:47,239 --> 00:34:51,600 spread, you know, loads of money across shitty memes. 684 00:34:52,000 --> 00:34:54,199 Yeah, we'll probably get to zero 100%. 685 00:34:55,560 --> 00:34:58,240 I made most of my We made most of my money in 2021 from holding 686 00:34:58,240 --> 00:35:00,400 board apes all the way through the cycle. 687 00:35:00,920 --> 00:35:02,640 Right. And that's how I'm thinking 688 00:35:02,640 --> 00:35:03,880 about it now. Like I think I'll make, I've 689 00:35:03,880 --> 00:35:05,720 made most of my money this year from holding whiff all the way 690 00:35:05,720 --> 00:35:07,960 through the cycle and I don't think the cycle is over. 691 00:35:07,960 --> 00:35:11,480 So I think I should continue to hold that for longer. 692 00:35:11,480 --> 00:35:14,240 That makes sense. I may sell some, just heads up. 693 00:35:14,240 --> 00:35:17,280 I may sell some if if I end up buying a house, putting, putting 694 00:35:17,280 --> 00:35:21,480 through a few offers out there. So just if you ever seen me sell 695 00:35:21,480 --> 00:35:23,280 some crypto, it's because I got hit on a house. 696 00:35:23,320 --> 00:35:25,880 But I. Well, you didn't sell enough. 697 00:35:26,800 --> 00:35:27,800 How big is the house? It's. 698 00:35:29,120 --> 00:35:31,920 Not it's not. It's not. 699 00:35:31,960 --> 00:35:34,560 Sometimes, but I thought. Bro's buying a fucking, you 700 00:35:34,560 --> 00:35:37,840 know, English Countryside Home by Wentworth Country Club I. 701 00:35:38,680 --> 00:35:42,160 Thought I'd be sensible. So I'd be sensible like dude, 702 00:35:42,160 --> 00:35:44,760 how big is the fucking house that you have to sell more with 703 00:35:44,760 --> 00:35:46,240 for it? God damn it bro. 704 00:35:46,800 --> 00:35:52,200 Jesus, no, If you see if wicking down to $1.50 OV got hit on his 705 00:35:52,200 --> 00:35:57,600 house, Obviously just playing here anyways, just quickly we're 706 00:35:57,600 --> 00:35:59,080 talking alts and stuff and other coins. 707 00:35:59,080 --> 00:36:01,200 I mean you have the layer zero first snapshot that was taken 708 00:36:01,200 --> 00:36:03,640 ahead of AirDrop, so I'm wondering what that's going to 709 00:36:03,640 --> 00:36:05,600 be like. But that's presumably going to 710 00:36:05,600 --> 00:36:08,400 be a massive 1, right? Layer zero the end of the day, 711 00:36:08,880 --> 00:36:11,320 I'm, I'm assuming for a holy pudgy Penguins we get something 712 00:36:11,320 --> 00:36:12,840 out of that right? Because I think that team is 713 00:36:12,840 --> 00:36:15,200 super bullish on Pudgy's and they've been using it for a 714 00:36:15,200 --> 00:36:16,840 minute. If wormhole was big, layer 715 00:36:16,840 --> 00:36:18,520 zero's probably bigger I'm assuming. 716 00:36:18,520 --> 00:36:20,320 So that is a big one. Snapshot number one has been 717 00:36:20,320 --> 00:36:25,280 completed and so, so we'll see what happens on that front, but 718 00:36:25,280 --> 00:36:27,160 super bullish on like Pellegrino and that team. 719 00:36:28,040 --> 00:36:31,680 Other alt news that we saw was Robit, our partners a Robit, 720 00:36:31,880 --> 00:36:35,120 they fully migrated out of Solana it seems because it Robit 721 00:36:35,120 --> 00:36:38,320 originally was launched on Solano and they've burnt a whole 722 00:36:38,320 --> 00:36:40,320 lot of Token Mando. So they've burnt a whole lot of 723 00:36:40,320 --> 00:36:42,520 token. Yesterday saw that news come out 724 00:36:43,040 --> 00:36:45,120 from Lucky, one of the Co founders. 725 00:36:45,120 --> 00:36:49,400 So they migrated 10 months ago and and they're done. 726 00:36:49,400 --> 00:36:51,240 The migration's over. So if you had some coins there, 727 00:36:51,240 --> 00:36:54,200 I think it's. Yeah, they've bought like 7 or 8 728 00:36:54,200 --> 00:36:59,640 million of of a coin, $8 million worth of the coin. 729 00:36:59,800 --> 00:37:01,560 It's worth a ton, right? Like if you. 730 00:37:01,560 --> 00:37:06,960 Can still deposit on Solana, but the coin itself was multi chain 731 00:37:07,200 --> 00:37:10,040 and now it's just on ETH. Yeah, I mean it, it definitely 732 00:37:10,040 --> 00:37:12,960 makes it a little easier, but they've how much did they've 733 00:37:13,000 --> 00:37:15,720 burn? Nearly half the supply already. 734 00:37:16,800 --> 00:37:20,320 Yeah. They burn about like 1% a month 735 00:37:20,320 --> 00:37:24,160 or 2% a month at the moment. Like it's it's kind of wild. 736 00:37:24,800 --> 00:37:26,960 Yeah, that is that is actually pretty wild serious. 737 00:37:26,960 --> 00:37:29,280 There was that on on terms of news that if you want to touch 738 00:37:29,280 --> 00:37:32,120 on that and then one big news that one big headline that was 739 00:37:32,120 --> 00:37:34,360 two big headlines yesterday now passed to our our partners to a 740 00:37:34,360 --> 00:37:42,960 CYPHER client but tether record $4.52 billion in profit in Q1. 741 00:37:44,840 --> 00:37:49,160 That is insane. Like, it's got to be one of the 742 00:37:49,160 --> 00:37:50,960 most profitable businesses out there. 743 00:37:51,560 --> 00:37:54,520 Like forget. Crypto they've they've nailed 744 00:37:54,520 --> 00:37:56,320 it. Like the the businesses they 745 00:37:56,480 --> 00:37:58,360 they pay, they pay everyone nothing. 746 00:37:58,840 --> 00:38:00,400 They take dollars and they buy U.S. 747 00:38:00,400 --> 00:38:02,280 Treasuries with it and they get paid 5%. 748 00:38:02,760 --> 00:38:04,280 So what's the market cap of Tether? 749 00:38:04,280 --> 00:38:07,280 It's like 80 billion, maybe 90 billion now, yes. 750 00:38:08,640 --> 00:38:13,720 So they're getting 5% on 80 or 90 billion, dude. 751 00:38:13,720 --> 00:38:16,360 And I think some of their assets are also Bitcoin now. 752 00:38:16,360 --> 00:38:19,600 So like, yeah, tether, This is why. 753 00:38:20,680 --> 00:38:23,560 The thing about this business though is it is really good and 754 00:38:23,560 --> 00:38:25,480 you might be like it's the best business you've ever seen. 755 00:38:26,360 --> 00:38:29,800 The Moat is not that high. Like anyone can launch a stable 756 00:38:29,800 --> 00:38:32,440 coin. And my guess, my guess is that 757 00:38:32,440 --> 00:38:34,160 the US is going to come after tether. 758 00:38:35,040 --> 00:38:36,560 They're already. That's right. 759 00:38:36,560 --> 00:38:40,280 But that's the thought for 10 years, bro Like. 760 00:38:40,480 --> 00:38:42,480 Right. But they if they're going to 761 00:38:42,480 --> 00:38:46,640 start promoting USDC or their own versions of stable coins, 762 00:38:46,640 --> 00:38:48,640 like if you start to see the Black Rock stable coin or you 763 00:38:48,640 --> 00:38:51,640 start to see JP Morgan stable coin, they'll just say anyone 764 00:38:51,640 --> 00:38:56,160 who touches tether is, you know, it's illegal in the US and 765 00:38:56,160 --> 00:38:58,720 that'll, yeah, that's how I'll go after it. 766 00:38:59,200 --> 00:39:01,160 It's impressive, man. My summary tethers Q1. 767 00:39:01,160 --> 00:39:05,040 So as of March 31st, 2024, four and a half billion dollars in 768 00:39:05,040 --> 00:39:08,720 profit in Q11 billion in net operating profits probably 769 00:39:08,720 --> 00:39:11,520 derived from UST bills, the remainder derived from mark to 770 00:39:11,520 --> 00:39:14,880 market gains in Bitcoin and gold positions, more than $90 billion 771 00:39:14,920 --> 00:39:18,800 in UST bills, bro direct and direct ownership. 772 00:39:18,800 --> 00:39:22,280 And then $6.2 billion in excess reserves. 773 00:39:22,880 --> 00:39:25,000 Like dude, they're swimming in cash. 774 00:39:25,480 --> 00:39:30,400 Like swimming in cash, that is. That is one of the most 775 00:39:30,400 --> 00:39:34,400 impressive business businesses I've ever read about in my life. 776 00:39:35,000 --> 00:39:39,040 This is insane. I guess Shout out to them you 777 00:39:39,040 --> 00:39:41,080 know though and they've been rolling with FUD for like 10 778 00:39:41,080 --> 00:39:43,400 plus years like since Crypto's inception. 779 00:39:44,160 --> 00:39:46,960 So, so it's it's impressive boys, it's impressive. 780 00:39:46,960 --> 00:39:50,400 So there was that and I think I think that was about it. 781 00:39:50,400 --> 00:39:54,040 On the on the news cycle side, we've covered quite a bit today. 782 00:39:54,120 --> 00:39:58,400 Excited to see what happens later on the on the Coinbase on 783 00:39:58,400 --> 00:40:01,120 the Coinbase earnings today, but we'll probably cover this 784 00:40:01,120 --> 00:40:03,240 tomorrow. And whatnot. 785 00:40:03,240 --> 00:40:04,760 And go over more tomorrow we can rip. 786 00:40:04,920 --> 00:40:07,600 I talked to a fantasy top guy. Maybe we rip a couple packs on 787 00:40:07,600 --> 00:40:09,400 there with them and and do a few fun stuff. 788 00:40:09,400 --> 00:40:11,040 See, let's get Mendel sorted first.