1 00:00:00,120 --> 00:00:01,080 Yo, what up? What up? 2 00:00:01,080 --> 00:00:10,040 Good morning, good morning MG Thursday. 3 00:00:11,280 --> 00:00:18,080 Yeah, Thursday, Thursday, June 5th, 2025. 4 00:00:18,080 --> 00:00:21,080 Look at that another beautiful day to have a beautiful day. 5 00:00:21,080 --> 00:00:25,040 I got my Co host in the house, Tyler Tyler. 6 00:00:25,040 --> 00:00:26,320 Tyler, good morning. How you doing? 7 00:00:26,320 --> 00:00:29,360 Today I'm good. I've been thinking about this 8 00:00:29,360 --> 00:00:30,760 week. I feel like it's been a little 9 00:00:30,760 --> 00:00:34,400 bit of a, a boring week in fact, just waiting for something big 10 00:00:34,400 --> 00:00:37,280 to happen and it just hasn't come yet. 11 00:00:37,360 --> 00:00:40,960 But I've I've got this feeling that something bigger is coming 12 00:00:40,960 --> 00:00:45,480 down the pipe soon. So I'll be anxiously awaiting 13 00:00:45,480 --> 00:00:47,640 but still feeling good in the meantime. 14 00:00:48,880 --> 00:00:51,240 Yeah. I mean, look, it's it's just one 15 00:00:51,240 --> 00:00:53,600 of those, right? It's just one of those. 16 00:00:53,600 --> 00:00:56,240 You got to, you got to. I feel like we're kind of going 17 00:00:56,280 --> 00:00:59,680 to have to to wait it out here. Runes June. 18 00:00:59,680 --> 00:01:01,120 Yeah. Rune June. 19 00:01:01,120 --> 00:01:05,400 Let's go Bongo. Rune June, Let's let's check in 20 00:01:05,400 --> 00:01:06,640 on our runes. Hold on. 21 00:01:07,160 --> 00:01:09,880 Where's the cue the the crying girl dancing man? 22 00:01:12,160 --> 00:01:14,520 Hold on, let's let's let's look at the runes board here. 23 00:01:14,800 --> 00:01:17,760 Pops down 9% today. Fantastic. 20 million. 24 00:01:18,640 --> 00:01:21,440 Right, I was back to because when it when I put my tweet out 25 00:01:21,440 --> 00:01:23,720 and it went to a mere 34 million. 26 00:01:23,720 --> 00:01:25,080 Mind you it's down from 1 billion. 27 00:01:26,400 --> 00:01:31,840 I was told I was the bottom thing and it's a damn kill shot 28 00:01:31,840 --> 00:01:33,960 right there. How are my puppets doing though? 29 00:01:34,080 --> 00:01:37,000 They I like them though, and they do something OK, one O 4 30 00:01:37,000 --> 00:01:40,400 feel like every that he only goes to has been on hold and 31 00:01:40,400 --> 00:01:42,360 it's waiting for Bitcoin to pump. 32 00:01:42,920 --> 00:01:49,760 Oh wait, Bitcoin's been pumping. It it didn't move the entire run 33 00:01:49,760 --> 00:01:54,480 from 70K77K to 105. Yeah, that's not nice that 34 00:01:54,480 --> 00:02:00,560 that's that's not nice. Anyways, today's show, we'll do 35 00:02:00,560 --> 00:02:03,280 markets, we'll do topics. We'll probably be a quick show 36 00:02:03,280 --> 00:02:04,680 today. Looks like there's not too, too 37 00:02:04,680 --> 00:02:07,880 much going on. We'll do the giveaway at the end 38 00:02:07,880 --> 00:02:09,360 of the show. So you go, you make sure you 39 00:02:09,360 --> 00:02:16,280 sign up e.com, sign up to e.com, use the code FOMO hour to sign 40 00:02:16,280 --> 00:02:18,280 up. And every single day, Monday to 41 00:02:18,280 --> 00:02:21,480 Friday, we give away some money to a lucky winner. 42 00:02:21,520 --> 00:02:24,000 We'll have three winners on Friday, so we'll be fine. 43 00:02:24,000 --> 00:02:25,360 We'll pick one person, give you a code. 44 00:02:25,360 --> 00:02:27,720 So make sure you sign up. Oh, it says E code. 45 00:02:28,160 --> 00:02:29,880 There's no code. There you go. 46 00:02:31,400 --> 00:02:35,680 And then last but not least, this show is powered by Wallet 47 00:02:35,680 --> 00:02:37,240 Connect. Wallet Connect is a connectivity 48 00:02:37,240 --> 00:02:38,760 network shape. In the future, watching UX, if 49 00:02:38,760 --> 00:02:41,200 you've connected to F3 app, you've seen Wallet Connect. 50 00:02:41,200 --> 00:02:45,680 That blue logo, it's everywhere. An icon of trust in crypto, as 51 00:02:45,680 --> 00:02:47,680 recognizable as Visa at checkout. 52 00:02:47,680 --> 00:02:50,240 We'll have to learn more. Follow Wallet Connect on X and 53 00:02:50,240 --> 00:02:52,880 Telegram to stay ahead of what's next. 54 00:02:52,880 --> 00:02:54,440 Tyler. Tyler. 55 00:02:54,440 --> 00:02:55,200 Tyler. Tyler. 56 00:02:55,720 --> 00:02:57,520 You tell me what's next. Where's Mandel? 57 00:02:57,600 --> 00:03:01,040 I was with Mandel last night. He left early. 58 00:03:01,760 --> 00:03:03,520 Yeah. The great Mandel left his cage, 59 00:03:03,720 --> 00:03:05,600 his dungeon, and he doesn't leave his house. 60 00:03:05,960 --> 00:03:08,880 But before we dive in, were you at that Tonight Show? 61 00:03:09,560 --> 00:03:10,880 I was. I was. 62 00:03:11,920 --> 00:03:15,960 It was funny shot the Benny that was that was something he he 63 00:03:16,000 --> 00:03:23,160 hosted this like Tonight Show thing for NFC Lisbon and and 64 00:03:23,160 --> 00:03:25,920 it's just just hilarious. It's just like did you see they 65 00:03:25,920 --> 00:03:29,320 pied snowflow live on stage? Oh, I haven't seen the 66 00:03:29,320 --> 00:03:30,920 highlights yet. Oh my God, dude. 67 00:03:30,920 --> 00:03:34,560 They like fucking pied the shit out of him in front of everyone. 68 00:03:34,960 --> 00:03:37,480 I'll I'll find a photo after this and I'll show you. 69 00:03:37,480 --> 00:03:41,640 But it's it was funny. I they were doing it was Ovin 70 00:03:41,640 --> 00:03:45,120 Mandel doing an interview and Mandela was like that T-shirt 71 00:03:45,120 --> 00:03:46,040 gun. It was hilarious. 72 00:03:46,560 --> 00:03:49,400 And then it was me doing like mean tweets segment talking 73 00:03:49,400 --> 00:03:53,080 about just like fun panel style. And then I stayed on. 74 00:03:53,080 --> 00:03:54,920 I didn't know I was going to stay on for that. 75 00:03:54,920 --> 00:03:59,520 He he brought 4 gallerists and I think he's like stay here. 76 00:03:59,960 --> 00:04:03,400 OK, I stayed on stage and it was a game of guess the value of the 77 00:04:03,400 --> 00:04:07,680 artwork and it was like 8 pieces of art and I won. 78 00:04:09,080 --> 00:04:15,960 Yeah, take that threat artists, galleries, take that gallerist 79 00:04:16,279 --> 00:04:18,480 coming into the space thinking you know everything. 80 00:04:18,959 --> 00:04:21,560 I beat you at your own game in front of everybody. 81 00:04:23,240 --> 00:04:25,720 It was crazy though, Tyler. Like it was so packed. 82 00:04:25,760 --> 00:04:27,760 There was people standing up like it was like a full house. 83 00:04:27,760 --> 00:04:30,560 It was like a couple 100 people there for that Tonight Show type 84 00:04:30,560 --> 00:04:31,120 thing. So it was cool. 85 00:04:31,120 --> 00:04:32,760 Shout out to Benny. We love you Benny. 86 00:04:32,800 --> 00:04:34,240 We love you Red Beard. It was a lot of fun. 87 00:04:34,240 --> 00:04:36,280 I loved it. And with that, Tyler, let's see 88 00:04:36,440 --> 00:04:39,600 what you have for us today. All right, folks, Curzo majors 89 00:04:40,720 --> 00:04:45,160 even down a touch here today is a Bitcoin one O 4 three ETH down 90 00:04:45,160 --> 00:04:48,760 at 2590, down about half a percent from yesterday's soul 91 00:04:49,360 --> 00:04:54,320 down most, down 3% at 150. From a macro perspective, not a 92 00:04:54,320 --> 00:04:58,600 whole lot going on. I think Trump and Z met and 93 00:04:58,600 --> 00:05:02,600 there's a bit of uncertainty ahead of some trade data coming 94 00:05:02,600 --> 00:05:05,520 out, but I haven't really seen a whole lot on the macro front, 95 00:05:06,160 --> 00:05:09,960 macro crypto. However, a couple big headlines 96 00:05:09,960 --> 00:05:12,960 in the last day. So one JP Morgan announced they 97 00:05:12,960 --> 00:05:19,240 will begin accepting Blackrock's I bet ETF that those Bitcoin ETF 98 00:05:19,320 --> 00:05:23,120 shares as collateral for loans and they will take those into 99 00:05:23,120 --> 00:05:25,880 account when evaluating their their clients net worth. 100 00:05:26,400 --> 00:05:29,760 That was a very massive update. I want to dig into the updates 101 00:05:29,840 --> 00:05:31,960 from there. Circle was the other big piece 102 00:05:31,960 --> 00:05:34,920 of news on the day. They have upped their IPO to 103 00:05:34,920 --> 00:05:38,280 $31.00 per share. I think that that puts them at 104 00:05:38,280 --> 00:05:45,040 6.9 billion circulating 8.1 billion FDV ahead of live 105 00:05:45,040 --> 00:05:47,320 trading, which is expected today, but I don't think it's 106 00:05:47,320 --> 00:05:49,640 live just yet. So I'm not sure the exact time 107 00:05:50,040 --> 00:05:53,920 those shares will start trading, but that is a lofty valuation in 108 00:05:53,920 --> 00:05:56,160 treasury news man, these headlines just keep coming 109 00:05:56,160 --> 00:06:00,240 similar scientific another 185 Bitcoin they they now have 470 110 00:06:00,240 --> 00:06:03,800 million in their treasury. Treasury global announced plans 111 00:06:03,800 --> 00:06:06,240 to invest 100 million in Bitcoin and ETH for its corporate 112 00:06:06,240 --> 00:06:08,600 treasury. And then this K wave media, it's 113 00:06:08,600 --> 00:06:11,600 a Korean stock that jumped 140% after they revealed plans to 114 00:06:11,600 --> 00:06:16,360 allocate $500 million towards Bitcoin lightning node 115 00:06:16,360 --> 00:06:18,520 operations and infra investments. 116 00:06:18,520 --> 00:06:22,480 So another day, another three headlines and the crypto 117 00:06:22,480 --> 00:06:24,680 corporate treasury from these things keep rolling in. 118 00:06:24,680 --> 00:06:29,080 An interesting headline out in California, the their assembly 119 00:06:29,080 --> 00:06:33,240 passed this new act which would permit the seizure of unclaimed 120 00:06:33,240 --> 00:06:35,880 crypto after three years of inactivity. 121 00:06:36,800 --> 00:06:39,040 This is crypto held on central exchanges. 122 00:06:39,040 --> 00:06:41,760 They also have some provisions for how owners would reclaim 123 00:06:41,760 --> 00:06:43,200 those assets. So that caught a little bit of 124 00:06:43,200 --> 00:06:47,040 fun, fun on the timeline. Then we had Brian Armstrong that 125 00:06:47,040 --> 00:06:50,280 the rising debt has become a bigger issue on the timeline. 126 00:06:50,280 --> 00:06:55,160 Elon has been speaking out about it quite loudly on X this like 127 00:06:55,160 --> 00:06:58,160 Brian, I'm trying to say that Bitcoin, Bitcoin is positioned 128 00:06:58,160 --> 00:07:00,840 to become the world reserve currency if the US does not 129 00:07:00,840 --> 00:07:04,360 reduce its deficit. And with this spending bill 130 00:07:04,360 --> 00:07:06,800 looking like it's going to pass, it does not seem like that is 131 00:07:06,800 --> 00:07:09,200 the case. In token AirDrop and protocol 132 00:07:09,200 --> 00:07:12,520 news here, Moon Pay obtained a bit license and money 133 00:07:12,520 --> 00:07:15,720 transmitter license in New York. Now it can operate across all 50 134 00:07:15,720 --> 00:07:19,440 states. I air dropped $4 million worth 135 00:07:19,480 --> 00:07:23,640 of their USD one stable coin to 85,000 watts, $47 each. 136 00:07:23,840 --> 00:07:28,440 Not a huge stimulus, but still something 3 Jane, this is an 137 00:07:28,440 --> 00:07:31,120 interesting new protocol. They raised $5.2 million from 138 00:07:31,120 --> 00:07:34,800 Paradigm for no collateral on chain loans. 139 00:07:35,720 --> 00:07:38,320 So going a little bit further out the risk curve on the 140 00:07:38,320 --> 00:07:41,880 lending department, Infinex began season one of its yet 141 00:07:41,880 --> 00:07:44,600 brown campaign on Kaido. 100 million new patrons up for 142 00:07:44,600 --> 00:07:46,800 grabs. The mega ETH share of teaser for 143 00:07:46,800 --> 00:07:48,680 this new Euphoria trading app game. 144 00:07:48,680 --> 00:07:52,760 It seems to be the new most hyped app coming on mega ETH. 145 00:07:53,680 --> 00:07:58,000 Rounding this out, AI was down 6 percent. 9.5 billion overall 146 00:07:58,000 --> 00:08:01,320 market cap, largely on the back of our coin, which has been 147 00:08:01,320 --> 00:08:04,560 going South. I'm seeing it down 13% at $0.90. 148 00:08:04,560 --> 00:08:06,440 Meme coin leaders were broadly red. 149 00:08:07,400 --> 00:08:12,560 Those and sheep down about 3%. Pepe down 6% SPX continues to 150 00:08:12,560 --> 00:08:15,280 out performance looking like the strongest horse in the meme coin 151 00:08:15,280 --> 00:08:18,160 game right now. We also had launch coin rebound 152 00:08:18,160 --> 00:08:20,160 yesterday briefly hit 170 million. 153 00:08:20,480 --> 00:08:24,600 I think back around 140 right now clad now the number one 154 00:08:24,600 --> 00:08:27,960 token of the the ecosystem tokens there hit 25,000,000 155 00:08:27,960 --> 00:08:30,520 yesterday. We saw nixie and masks some of 156 00:08:30,520 --> 00:08:33,080 the top slot of meme movers and NFTS. 157 00:08:33,080 --> 00:08:35,280 A couple headlines. The aeons tied to SPX. 158 00:08:35,280 --> 00:08:38,799 They're the top mover, that 45 percent, 1.2 E those supermods, 159 00:08:39,360 --> 00:08:44,159 Superman 151 up 50% / 2 1/2 eight those things. 160 00:08:44,159 --> 00:08:45,520 Just holy shit. And up. 161 00:08:45,880 --> 00:08:49,560 Wait, actually. Yeah, Superman's. 162 00:08:51,440 --> 00:08:53,840 God damn. What's the exact price here? 163 00:08:53,840 --> 00:08:55,800 Let me pull. You guys, you and Bernie been 164 00:08:55,800 --> 00:08:57,680 talking about them. It's like fucking point to ease. 165 00:08:58,040 --> 00:09:01,000 Hey, I don't own any. No, very sadly. 166 00:09:01,000 --> 00:09:01,240 Look. Wait. 167 00:09:01,680 --> 00:09:05,120 You didn't you buy a bunch. I bought a bunch of the bad 168 00:09:05,120 --> 00:09:06,840 buns. Oh, bad. 169 00:09:07,000 --> 00:09:07,760 OK. Sorry, sorry. 170 00:09:07,920 --> 00:09:09,360 That's a different thing. OK. 171 00:09:09,520 --> 00:09:11,600 The supermodel of those Pokémon NFTS. 172 00:09:11,840 --> 00:09:13,840 Oh, oh, yeah. Sorry, sorry. 173 00:09:14,320 --> 00:09:18,640 Yeah, that you like. So it's only. 151 so it's a 174 00:09:18,640 --> 00:09:21,520 little bit easier to to to go up there, but they're they're 175 00:09:21,520 --> 00:09:24,600 continuing to have longevity. World of women jumped 40% 176 00:09:24,600 --> 00:09:26,520 yesterday. I think their their new CEO. 177 00:09:26,520 --> 00:09:28,760 I don't know if she was announced or if she just spoke 178 00:09:28,760 --> 00:09:33,080 yesterday, but B, she went live at the NFC summit and apparently 179 00:09:33,080 --> 00:09:35,760 she was compelling because people are buying World of Women 180 00:09:35,760 --> 00:09:39,920 in FTS again. And then Canvas adds to his X 181 00:09:39,920 --> 00:09:43,480 copy. He swept $1.2 million on 3X copy 182 00:09:43,480 --> 00:09:48,680 pieces over on Gandhi. So he is keeping the art market 183 00:09:48,680 --> 00:09:50,160 alive. Very much so. 184 00:09:51,760 --> 00:09:52,960 Interesting. That's it. 185 00:09:54,400 --> 00:09:58,720 I I didn't know about the whole new world of women CEO thingy. 186 00:09:59,680 --> 00:10:02,480 Yeah, I didn't know until I saw that the NMTS were pumping and I 187 00:10:02,480 --> 00:10:06,880 tried to try to find out why. Interesting. 188 00:10:07,400 --> 00:10:10,720 We'll have to look up. Man, 2021 was not real, dude. 189 00:10:11,120 --> 00:10:17,560 I'm convinced that it was like, I'm just convinced that it's 190 00:10:17,560 --> 00:10:20,520 like just like a glitch in the matrix at this stage. 191 00:10:21,760 --> 00:10:26,280 I mean, we were trading these things for like, like we're the 192 00:10:26,280 --> 00:10:27,600 women. We're just using that as an 193 00:10:27,600 --> 00:10:30,760 example, not because you're talking about it went like 10 E, 194 00:10:31,040 --> 00:10:32,960 12 E, yeah. I was going to say 15. 195 00:10:32,960 --> 00:10:34,520 You know how high did? Those 15 E they. 196 00:10:34,880 --> 00:10:38,080 Went pretty high. So like Uzuki went to 36 E dude. 197 00:10:38,800 --> 00:10:43,080 Yeah. What's the other one? 198 00:10:43,080 --> 00:10:52,880 Clones went to like 30s it. Was quite the bubble 4 Apes 150. 199 00:10:53,320 --> 00:10:56,760 I don't even think that's my latest meme coin bubble compares 200 00:10:56,760 --> 00:11:03,080 to this like you think that Q4 last year like like we've gone 201 00:11:03,080 --> 00:11:08,840 A5 Bill Pepe to seven few means of few runners like the shark 202 00:11:08,840 --> 00:11:12,480 cats and the pop cats. No, because they didn't compare 203 00:11:13,000 --> 00:11:16,720 to the insanity that the NFT cycle was. 204 00:11:17,280 --> 00:11:19,360 The AI meta maybe came close and there. 205 00:11:19,360 --> 00:11:21,000 Was maybe? November, December, where you 206 00:11:21,000 --> 00:11:23,520 could kind of just throw a dart at those AI tokens and they were 207 00:11:23,520 --> 00:11:27,000 going to 20 to 50. But I don't know, like the the 208 00:11:27,000 --> 00:11:31,240 golden Age 2021-2022. I mean you, you could knit 209 00:11:31,240 --> 00:11:35,920 something for like 0.1 ETH and it could be two to five ETH in 210 00:11:35,920 --> 00:11:38,160 an hour. Yeah. 211 00:11:38,640 --> 00:11:41,840 And then those art blocks, I mean the art block summer, some 212 00:11:41,840 --> 00:11:44,960 of those collections were coming out at 20 to 38 floors. 213 00:11:46,160 --> 00:11:48,640 Videnza's went. I think Videnza's went over 100. 214 00:11:49,360 --> 00:11:53,120 Yeah. Ringers went to 100, Squiggles 215 00:11:53,120 --> 00:11:56,280 went to 15 or 20 I believe. Oh yeah, that that doesn't 216 00:11:56,280 --> 00:11:58,480 surprise me. Who goes to me is like the least 217 00:11:58,480 --> 00:12:00,520 surprising. Like I don't think that's that's 218 00:12:00,520 --> 00:12:04,080 going back the 28th down the line, but you got to have a 10 219 00:12:04,080 --> 00:12:07,560 year plan on these. Wow, no excuse. 220 00:12:07,560 --> 00:12:09,920 You mentioned more of the women, so like world of women, cool 221 00:12:09,920 --> 00:12:13,520 cats, and this is words that make remind me 21, you know, 222 00:12:13,560 --> 00:12:15,440 moon birds. I know we'll talk to Spencer 223 00:12:15,440 --> 00:12:21,920 tomorrow, but it's it's the runes run coming will be bigger 224 00:12:21,920 --> 00:12:26,320 then Bongo. You go, what do we do with 225 00:12:26,320 --> 00:12:27,880 Bongo? Like what? 226 00:12:29,400 --> 00:12:32,640 We got to save the kid and he's such a nice guy, you don't want 227 00:12:32,640 --> 00:12:36,360 him. He's the nicest person ever. 228 00:12:37,280 --> 00:12:41,080 What was the red guy? Red guy never went high enough. 229 00:12:41,680 --> 00:12:44,320 As a matter of fact, it was like 2 weeks. 230 00:12:44,640 --> 00:12:45,960 Was the red guy out on like 2 weeks? 231 00:12:46,040 --> 00:12:50,440 2 1/2 weeks. Around 2, yeah, maybe. 2 maybe, 232 00:12:50,440 --> 00:12:52,000 maybe a touch higher. What is it at now? 233 00:12:52,000 --> 00:12:54,840 Like .4 by the most undervalued collection. 234 00:12:54,840 --> 00:12:58,600 If you look at the token, that's still over $100 million, which 235 00:12:58,600 --> 00:13:01,440 is barely dipping actually. But Nov shaved his head. 236 00:13:01,440 --> 00:13:03,640 Did you see that a guy's got no hair. 237 00:13:03,840 --> 00:13:05,880 Fucking one of the great. Picture I saw, I wasn't sure if 238 00:13:05,880 --> 00:13:07,320 it was real, if it was a generated. 239 00:13:07,320 --> 00:13:09,440 I didn't recognize him. He gave us a hi to me last 240 00:13:09,440 --> 00:13:10,160 night. He's like yo. 241 00:13:10,160 --> 00:13:15,120 And I'm like, oh shit, that's my homie so. 242 00:13:15,600 --> 00:13:17,920 It doesn't save me some time every day Less less time to 243 00:13:17,920 --> 00:13:20,080 spend on hair care, right? Tell me about it, dude. 244 00:13:20,120 --> 00:13:22,000 I've been tying my hair. It's so fucking hot. 245 00:13:22,080 --> 00:13:24,920 Dude, I'm fucking I, I just, I just tie it. 246 00:13:24,920 --> 00:13:26,360 That's the that's the secret anyways. 247 00:13:26,360 --> 00:13:27,800 All right, look, let's talk a quick, quick, quick. 248 00:13:28,200 --> 00:13:29,640 You know, before we we we get off that. 249 00:13:29,640 --> 00:13:33,080 So I think there's there's a lot of people comparing like open C 250 00:13:33,640 --> 00:13:38,520 to pump fun and the other side launch being the top of NFTS, 251 00:13:41,480 --> 00:13:46,960 right. But did we have the explosive 252 00:13:46,960 --> 00:13:49,560 bubble yet? And memes like to make this the 253 00:13:49,560 --> 00:13:51,520 top moment. Like that's what I struggle with 254 00:13:51,520 --> 00:13:55,040 because like you look back at 2022, you had apes at 150 ahead 255 00:13:55,040 --> 00:13:59,480 of ape coin. Azuki was 3030 to 40 coming off 256 00:13:59,480 --> 00:14:02,280 on the back of they just did. They just did the check your 257 00:14:02,280 --> 00:14:04,440 wallets moment. I believe that was March. 258 00:14:04,760 --> 00:14:08,280 I was there. Where everyone's got AirDrop 259 00:14:08,280 --> 00:14:14,000 $20,000. Like I don't think we've had 260 00:14:14,000 --> 00:14:16,680 that. These are some of the reasons 261 00:14:16,680 --> 00:14:20,240 why we know that or maybe not as recently. 262 00:14:20,240 --> 00:14:22,960 I mean, of course we had the Trump mania, but that was three 263 00:14:22,960 --> 00:14:24,800 months ago. That feels like a past cycle at 264 00:14:24,800 --> 00:14:26,760 this point. So why? 265 00:14:26,760 --> 00:14:29,160 Like we're entering. Yeah, I don't know why it's. 266 00:14:29,160 --> 00:14:31,640 So that's the. I guess that's what everyone's 267 00:14:31,640 --> 00:14:34,120 talking about all the time. Like, this cycle's so weird. 268 00:14:35,000 --> 00:14:37,760 It's like up, down, up, down, up, down, up, down. 269 00:14:37,760 --> 00:14:39,800 I don't know, I guess. Trump token. 270 00:14:39,800 --> 00:14:43,520 Yeah, the Trump token isn't. That was it? 271 00:14:43,840 --> 00:14:48,120 That was the moment, no? You, I believe that that was a 272 00:14:48,120 --> 00:14:50,440 blow off top. And then maybe you can tell me 273 00:14:50,680 --> 00:14:54,160 that we're just into sending roller coaster loops from Trump, 274 00:14:54,520 --> 00:14:56,680 and I could buy that argument. Yeah. 275 00:14:57,000 --> 00:15:01,680 But that does not mesh with pump fun token being like the the 276 00:15:01,680 --> 00:15:05,480 blow off top. I don't think pop by the way, I 277 00:15:05,480 --> 00:15:08,680 after yesterday's conversation, especially it was a great one. 278 00:15:08,680 --> 00:15:11,280 Shout out to Jason, of course, for S Meadow and think we've had 279 00:15:11,280 --> 00:15:13,760 a good talk all four of us on the show. 280 00:15:13,760 --> 00:15:16,440 If you missed it, go back and listen to yesterday's show was 281 00:15:16,440 --> 00:15:21,120 really good. I do not think punk fun by all 282 00:15:21,120 --> 00:15:22,920 means is going to be a blow off talk moment. 283 00:15:23,200 --> 00:15:25,080 First reason is because everybody says it is. 284 00:15:26,400 --> 00:15:33,200 Second reason is I, I I don't see it if well, the reason 285 00:15:33,240 --> 00:15:36,560 billion is a lot of money, but if they managed to do this right 286 00:15:38,080 --> 00:15:41,440 and it's even better for their business to do a fat air drop as 287 00:15:41,440 --> 00:15:44,280 well, which I believe they will do per the leaks right so 288 00:15:44,280 --> 00:15:48,240 Cyrus's tweet that you mentioned today this could be a big one so 289 00:15:48,400 --> 00:15:50,440 the. Other thing Jason mentioned that 290 00:15:50,440 --> 00:15:52,040 we didn't have to talk about because we were talking, we were 291 00:15:52,040 --> 00:15:53,560 talking about a lot of things. We didn't really talk about 292 00:15:53,560 --> 00:15:56,600 their future plans. I didn't got plans. 293 00:15:56,640 --> 00:16:00,320 I don't think he's just taking this as his exit check and and 294 00:16:00,320 --> 00:16:01,920 writing off. I mean, if you wanted to do an 295 00:16:01,920 --> 00:16:03,880 exit check he would have. Like, he's already made so much 296 00:16:03,880 --> 00:16:09,760 fucking money, these guys that I think they're 4 right founders, 297 00:16:10,400 --> 00:16:13,200 they've all made. I mean, you know, they made $600 298 00:16:13,200 --> 00:16:15,760 million right in the air. So. 299 00:16:15,760 --> 00:16:17,160 So yeah. But yeah, we'll see. 300 00:16:17,880 --> 00:16:20,160 Yeah. Melania was Melania. 301 00:16:20,320 --> 00:16:22,240 That's different. Diego too soon? 302 00:16:22,840 --> 00:16:26,280 Too soon. I mean, like Trump, OK, the 303 00:16:26,280 --> 00:16:29,920 Melania token, which was tied to the scammers there wasn't it 304 00:16:29,920 --> 00:16:35,280 tied to like Hayden and all those guys that that was like, I 305 00:16:35,280 --> 00:16:40,960 argue that Libra was more of a blow off top slash moment, top 306 00:16:40,960 --> 00:16:44,560 moment and Trump that was the. First, the bubble. 307 00:16:44,720 --> 00:16:47,680 Yeah. That was a fuck you moment, you 308 00:16:47,680 --> 00:16:50,320 know. So yeah, Melania wrecked 309 00:16:50,320 --> 00:16:53,280 everything. Melania wrecked absolutely 310 00:16:53,280 --> 00:16:54,480 everything. So anyways. 311 00:16:54,760 --> 00:16:56,640 It's over lining. I wanted to talk about this a 312 00:16:56,640 --> 00:16:58,920 little bit debriefing from our combo with Jason Coolfit. 313 00:16:59,520 --> 00:17:03,680 Is it his, his market outlook very much mirrors kind of like 314 00:17:03,680 --> 00:17:07,680 my golden Bull run thesis. I think it's similar to what 315 00:17:07,680 --> 00:17:13,319 Mando has spoken about you as well that we've, I don't want to 316 00:17:13,319 --> 00:17:16,040 put direct words in your mouth, but golden bull thesis we're 317 00:17:16,040 --> 00:17:17,760 breaking out of a four year cycle. 318 00:17:17,760 --> 00:17:20,760 We're going to grind up higher for longer with shallower 319 00:17:20,760 --> 00:17:25,599 pullbacks, 15 to 30% corrections on a longer multi year run up 320 00:17:26,560 --> 00:17:30,320 for Bitcoin. That's been my pretty much my 321 00:17:30,560 --> 00:17:33,640 working thesis since the ETFs got approved about a year ago. 322 00:17:34,560 --> 00:17:37,920 I think we've seen our first potential evidence of that with 323 00:17:38,000 --> 00:17:42,680 the run the all time high and the Trump pump 30% correction to 324 00:17:42,680 --> 00:17:48,560 77 and then a quick recovery. So I don't think we're going to 325 00:17:48,560 --> 00:17:51,800 see the 70% pull back on Bitcoin. 326 00:17:52,200 --> 00:17:54,760 I think you guys separate alts. No, but Bitcoin is. 327 00:17:55,360 --> 00:17:57,520 Bitcoin is nothing of its own now, Tyler, right? 328 00:17:58,280 --> 00:18:03,600 Sure, but I think there if Bitcoin is going to grind up 329 00:18:03,840 --> 00:18:06,760 higher for longer with 15 to 30% corrections, we're going to have 330 00:18:06,760 --> 00:18:10,480 faster cycles. And it's like hard for me to to 331 00:18:10,480 --> 00:18:12,840 think like, oh, this is the ending moment of anything. 332 00:18:12,840 --> 00:18:14,560 So I think you can even play this out to memes. 333 00:18:14,560 --> 00:18:18,240 Like I don't think memes end because pump fun does a token. 334 00:18:18,240 --> 00:18:20,720 It's always going to be like. We're going to continue grinding 335 00:18:20,720 --> 00:18:21,840 up. We're going to continue having 336 00:18:21,840 --> 00:18:23,240 metas. The metas probably going to be 337 00:18:23,240 --> 00:18:25,840 different each time. Yeah. 338 00:18:27,560 --> 00:18:28,880 But none of this is just going to. 339 00:18:29,080 --> 00:18:30,560 I don't know, I struggle to see how. 340 00:18:30,600 --> 00:18:32,480 Oh, you and I are also like terrible. 341 00:18:32,720 --> 00:18:36,400 So you know, we're also failed to see the other side a lot. 342 00:18:37,800 --> 00:18:40,560 But I agree with you generally, like I'm aligned. 343 00:18:40,640 --> 00:18:43,760 I mean I'm I've held every single coin of mine like my for 344 00:18:43,760 --> 00:18:46,480 a coin Pepe mall Gregg position is still on. 345 00:18:46,840 --> 00:18:51,760 It's down a lot, but I don't think it's you know what I mean? 346 00:18:51,760 --> 00:18:55,880 It's like just I think that we're I think we're seeing 347 00:18:55,880 --> 00:18:58,880 beginning of June fake out here. I think we're going to run in 348 00:18:58,880 --> 00:19:01,040 June. My thesis stands. 349 00:19:01,640 --> 00:19:03,320 I never changed my thesis, my thesis. 350 00:19:03,320 --> 00:19:04,520 We're going to have a good month of May. 351 00:19:04,800 --> 00:19:07,680 Even though we dumped the last two days, we had a good month of 352 00:19:07,680 --> 00:19:10,640 May. Mandel brought up yesterday that 353 00:19:10,640 --> 00:19:13,200 the solar memes are all up like 4X from their lows. 354 00:19:13,200 --> 00:19:16,560 And he's right. Like all of them these the big 355 00:19:16,560 --> 00:19:21,120 ones, like even with Mudang Saturday he mentioned and, and 356 00:19:21,120 --> 00:19:23,840 now we're just having a little, you know, no sell off. 357 00:19:23,840 --> 00:19:27,280 But I, I, I don't think, you know, I don't think we're going 358 00:19:27,280 --> 00:19:30,880 to, we're going to have a, we're going to have that moment. 359 00:19:30,880 --> 00:19:33,160 But I will see you on the pump front side, the other news 360 00:19:33,720 --> 00:19:35,920 circle. I mean, that's a big one. 361 00:19:36,200 --> 00:19:43,160 So they raised the ET, the IPO price by 20% on the back of 362 00:19:43,160 --> 00:19:49,640 being 25X oversubscribed. So they're raising $6.7 billion. 363 00:19:49,640 --> 00:19:52,920 Is that what I'm seeing? Valued at 6.9 billion and that 364 00:19:52,920 --> 00:19:57,840 is outstanding shares 8.1 billion fully diluted. 365 00:19:57,840 --> 00:20:03,800 This is low or high. I think it's high and I from 366 00:20:03,800 --> 00:20:07,320 original, originally their plans were to to sell 34 to sell 367 00:20:07,320 --> 00:20:11,880 24,000,000 shares at $24.00 to 26 and now it's 32,000,000 368 00:20:11,880 --> 00:20:14,320 shares. So they upped the number of 369 00:20:14,320 --> 00:20:20,840 shares by what's that 33% and they also upped the share price 370 00:20:21,760 --> 00:20:27,040 by 30%. This is quite the jump from 371 00:20:27,040 --> 00:20:28,320 where we thought this was going to come out. 372 00:20:28,320 --> 00:20:32,160 When we first start talking about Circle IPO ING, I think we 373 00:20:32,160 --> 00:20:35,280 were, we were talking about like the $5 billion mark. 374 00:20:35,280 --> 00:20:37,280 So now it's significantly above that. 375 00:20:38,120 --> 00:20:41,280 And like when I was looking at some of the their financials, it 376 00:20:41,280 --> 00:20:47,600 was a little more comfortable for me around 3 billion from a, 377 00:20:47,720 --> 00:20:52,560 from a buy standpoint. And I'm not a, I'm not a buyer 378 00:20:53,160 --> 00:20:57,240 at 8 million on this. I got to, I got to say, and we 379 00:20:57,240 --> 00:20:59,840 can try to pull up their, their financials a bit. 380 00:21:01,840 --> 00:21:05,120 I just sent you one that Matt Sagal posted a while back. 381 00:21:05,120 --> 00:21:07,560 I think the part the problem with Circle is that they've been 382 00:21:07,560 --> 00:21:09,600 growing their revenue quite well. 383 00:21:10,320 --> 00:21:14,120 It looks so funny in the video. Have you seen the video? 384 00:21:14,320 --> 00:21:16,040 I haven't seen the video yet. Yeah, I'm watching that. 385 00:21:17,120 --> 00:21:19,280 Yeah. I mean, shout out to them. 386 00:21:19,280 --> 00:21:24,000 Huge day, huge moment, going public IPL and it's a huge deal. 387 00:21:24,320 --> 00:21:25,960 Yeah, it is. And they've been building 388 00:21:25,960 --> 00:21:28,640 torches for a long time. And it's a good products like I 389 00:21:28,680 --> 00:21:31,880 use, I use USTC almost every single day, Yeah. 390 00:21:31,880 --> 00:21:35,280 Me too. And I'm, I'm rooting them on. 391 00:21:35,360 --> 00:21:37,200 But just like thinking about this from a, from a trading 392 00:21:37,200 --> 00:21:42,920 perspective here at an 8 billion dollar FTV open 6.9, I think it 393 00:21:42,920 --> 00:21:46,080 very well likely pumps on IPO day just because it was 25 X 394 00:21:46,080 --> 00:21:47,720 oversubscribed. People are going to see that 395 00:21:47,720 --> 00:21:50,240 signal. They've got the buzzy stable 396 00:21:50,240 --> 00:21:51,760 coin. It's a stable coin. 397 00:21:51,800 --> 00:21:54,920 You can you can just say that you you want the elevator pitch 398 00:21:55,200 --> 00:21:57,200 stable coins, I feel. Like, I mean, look at these 399 00:21:57,200 --> 00:21:58,360 numbers man. They're not. 400 00:21:58,560 --> 00:22:01,040 They're good. You know, I've got the Bruce 401 00:22:01,040 --> 00:22:04,040 patron here with the great thread on on Circle statistics. 402 00:22:05,840 --> 00:22:09,080 Yeah, I mean, they're they're, they've been growing quite a 403 00:22:09,080 --> 00:22:10,440 bit. Their fees have been growing as 404 00:22:10,440 --> 00:22:15,080 well, which is what hurt their financials in the last report. 405 00:22:15,320 --> 00:22:19,320 Their income is actually down year over year despite some 406 00:22:19,320 --> 00:22:22,840 pretty significant revenue growth, which is what caught me 407 00:22:22,840 --> 00:22:29,320 off guard but. Revenues 1.67 bill 15% year over 408 00:22:29,320 --> 00:22:31,040 year, but that's 24 though, that's 25. 409 00:22:31,600 --> 00:22:34,120 But yeah, net income down, down 40% net income. 410 00:22:34,640 --> 00:22:37,080 That that was. Maybe -40%. 411 00:22:37,080 --> 00:22:38,840 You are very well. Maybe they're able. 412 00:22:38,840 --> 00:22:43,200 To fix that, I haven't been digging in super closely to to 413 00:22:43,360 --> 00:22:47,560 their operations 40. 6X multiple PE, yeah. 414 00:22:48,480 --> 00:22:52,200 Feels a little high. PE is high due to. 24 in net 415 00:22:52,200 --> 00:22:57,560 income drop from rising distribution costs, one point O1 416 00:22:57,560 --> 00:22:59,920 billion, 60% of revenue, signaling profitability 417 00:22:59,920 --> 00:23:02,520 pressure. What does he say to TRS? 418 00:23:02,520 --> 00:23:08,600 Sorry I'm not curious. D on the next post, Coinbase. 419 00:23:08,600 --> 00:23:13,240 Dependency True Story paid 900 million 2024, or 50% of 1 420 00:23:13,240 --> 00:23:16,160 billion Distribution cost Coinbase holds 20% of USDC, up 421 00:23:16,160 --> 00:23:21,440 five percent 2022 Rising costs Distribution costs may hit 70% 422 00:23:21,440 --> 00:23:26,280 of revenue by 29. Whoa, Tethers lead yeah, I mean, 423 00:23:26,280 --> 00:23:29,120 yeah, tether is just fucking massive and new entrants, which 424 00:23:29,120 --> 00:23:30,960 is true. I mean, even the Trump's right 425 00:23:30,960 --> 00:23:34,520 you as you want. And then and you talk about 426 00:23:34,520 --> 00:23:37,880 banks also that are going to get into stable corners and nation 427 00:23:37,880 --> 00:23:41,760 states, etcetera. So and then the last one is 428 00:23:41,760 --> 00:23:44,160 interest rates, reserve income. This is a good threat. 429 00:23:44,160 --> 00:23:45,880 Yeah, that's those are really good risks. 430 00:23:45,920 --> 00:23:47,560 I think I would agree with all of those. 431 00:23:48,000 --> 00:23:51,960 Very well documented. They've been fortunate that 432 00:23:51,960 --> 00:23:54,840 rates have stayed higher, right? I'm looking at the rates right 433 00:23:54,840 --> 00:23:59,560 now. So we're 70% to either get 2 434 00:23:59,560 --> 00:24:04,160 cuts or three cuts here by the end of the year, which is fewer 435 00:24:04,160 --> 00:24:07,560 than we had a few months ago projected on this show. 436 00:24:07,560 --> 00:24:10,880 So the rates are going to be decently high, which is good for 437 00:24:10,880 --> 00:24:12,240 Circle. That's a part of how they make 438 00:24:12,240 --> 00:24:15,640 their money. Competition is steep. 439 00:24:16,200 --> 00:24:19,120 And like our good friend Jeeps, he talks about USDG. 440 00:24:20,520 --> 00:24:23,800 That's another consortium that's been spun up. 441 00:24:24,200 --> 00:24:27,080 It's got some huge names in it. It's building a stable coin. 442 00:24:27,840 --> 00:24:29,600 There's so many. I. 443 00:24:29,600 --> 00:24:33,480 Kind of feel like a circle is reading the market and knows 444 00:24:33,480 --> 00:24:36,560 that this is a good time. Dude, obviously. 445 00:24:36,880 --> 00:24:38,080 To go. Get that back. 446 00:24:43,040 --> 00:24:45,440 With all that said, I mean, I'll be I'll be following closely. 447 00:24:45,440 --> 00:24:48,640 I think it could be. If it sells. 448 00:24:48,640 --> 00:24:52,240 Off 3 to 4 billion maybe it maybe it's interesting for a 449 00:24:52,440 --> 00:24:56,680 short term trade. I mean, I don't trade stocks, 450 00:24:56,760 --> 00:24:57,640 though. You can trade them now on 451 00:24:57,640 --> 00:25:03,920 Kraken, right? Yeah, there's a lot, yeah. 452 00:25:04,800 --> 00:25:06,600 How many? Stable coin companies are there, 453 00:25:06,760 --> 00:25:08,960 so we're torn. Stable coin projects globally, 454 00:25:10,480 --> 00:25:15,320 Tether, Circle Maker, Dial, Paxos, PayPal, Red Bull. 455 00:25:15,320 --> 00:25:17,280 Like there's so many women government. 456 00:25:17,280 --> 00:25:19,920 Like why that's true. Well, I'm in government. 457 00:25:22,760 --> 00:25:26,040 What? Do you think of their Circle 458 00:25:26,040 --> 00:25:28,160 IPO? Let's see what chat GP Yeah. 459 00:25:28,160 --> 00:25:28,800 What are the? What are the? 460 00:25:28,800 --> 00:25:30,840 Robots have to say I've been I've. 461 00:25:30,840 --> 00:25:33,640 Been using chat GPTA lot lately. How many of you use Google 462 00:25:33,640 --> 00:25:35,040 still? Do you use Google? 463 00:25:35,320 --> 00:25:41,480 I don't use Google anymore. Sometimes, but generally I I 464 00:25:41,480 --> 00:25:43,720 don't Google shit. ChatGPT, yeah. 465 00:25:44,760 --> 00:25:46,320 I mean like if I. Was Jeremy Allure. 466 00:25:46,320 --> 00:25:48,240 I would also fucking raise a billion dollars right now and 467 00:25:48,240 --> 00:25:49,720 fucking take my money and run, dude. 468 00:25:49,920 --> 00:25:52,960 TTMR. No brainer. 469 00:25:53,640 --> 00:25:56,360 No brainer. Well, the NP OS success is 470 00:25:56,360 --> 00:25:57,840 encouraging. It's essential to monitor how 471 00:25:57,840 --> 00:26:00,800 circle perform in coming weeks. Yeah, I mean, it's probably 472 00:26:00,800 --> 00:26:02,640 going to dump and then it's probably going to pump, right? 473 00:26:03,160 --> 00:26:05,320 That always does that just to wear it. 474 00:26:05,320 --> 00:26:08,600 Ask him if it's a buy or a sell. Is this a? 475 00:26:08,600 --> 00:26:14,760 Buy or a sell? Oh, come on. 476 00:26:15,240 --> 00:26:17,520 Come on. What's the real? 477 00:26:17,520 --> 00:26:19,600 Answer We got to train the models better. 478 00:26:19,600 --> 00:26:22,480 Come on, give. Come on man, give me a real 479 00:26:22,480 --> 00:26:28,600 answer in one word by yourself. Let's see. 480 00:26:28,800 --> 00:26:31,360 Come on. I'm sorry to assume. 481 00:26:31,360 --> 00:26:35,560 Well my eye is a male so I'm I'm assuming the I'm not assuming 482 00:26:35,560 --> 00:26:40,560 it's gender sinking. Sinking heart. 483 00:26:42,440 --> 00:26:45,040 That's good news. Bye. 484 00:26:45,440 --> 00:26:49,000 Chat GPTI. Look, I'm like, come on man. 485 00:26:49,440 --> 00:26:50,960 There you have it. So. 486 00:26:51,000 --> 00:26:54,080 Funny Sam Altman. Sam Altman says bye. 487 00:26:54,400 --> 00:26:58,960 Sam Altman says bye. OK, thank you. 488 00:26:59,040 --> 00:27:04,760 I will put my life savings in. Hold up. 489 00:27:04,840 --> 00:27:09,400 Don't he's like you're the friend. 490 00:27:09,400 --> 00:27:15,760 That's like, anyways, what else is new or out in the box? 491 00:27:15,760 --> 00:27:19,280 Should we talk about this magic Eden Trump drama here? 492 00:27:19,280 --> 00:27:21,040 Oh yeah. I guess we we glossed over. 493 00:27:21,040 --> 00:27:23,600 Yesterday, but we had Jason on so we had no time to talk about 494 00:27:23,600 --> 00:27:26,160 it. Yeah, so a little bit Brahma 495 00:27:26,160 --> 00:27:28,360 Magic Eden came out and announced that they're 496 00:27:28,360 --> 00:27:32,640 partnering with the Trump team to launch this Trump branded 497 00:27:32,640 --> 00:27:34,720 crypto wallet along with the trading app. 498 00:27:34,720 --> 00:27:37,440 And it looks like that trading app is going to be powered by 499 00:27:37,440 --> 00:27:40,080 Slingshot, which is a very good trading app. 500 00:27:41,360 --> 00:27:43,680 Has been using. Slingshot and you know, I think 501 00:27:43,680 --> 00:27:45,560 it's, you know, one of the best on the market. 502 00:27:46,560 --> 00:27:50,640 Where this gets more interesting or the drama comes in is that 503 00:27:50,640 --> 00:27:54,160 the Trump team came out and said we are not a part of this. 504 00:27:54,400 --> 00:27:57,280 And this was Donald Trump junior and Eric Trump as well. 505 00:27:57,280 --> 00:27:59,440 I think Medskin came out and clarified they're they're 506 00:27:59,440 --> 00:28:03,320 partnering with the Trump meme coin team, which I think we're 507 00:28:03,320 --> 00:28:05,320 we're starting to come out to learn and perhaps is is a 508 00:28:05,320 --> 00:28:08,520 different group. I don't know the inner workings 509 00:28:08,960 --> 00:28:15,160 of these of these two groups. It's not a huge surprise to me 510 00:28:15,160 --> 00:28:19,120 that Eric Trump, Donald Trump Junior are not claiming to be a 511 00:28:19,120 --> 00:28:23,120 part of the the Trump meme coin team, even though that perhaps 512 00:28:23,120 --> 00:28:27,520 they endorsed it in in the past. So that that's not a huge 513 00:28:27,520 --> 00:28:30,400 surprise. I kind of reading the tea leaves 514 00:28:30,400 --> 00:28:31,920 here. It didn't make me think, Are 515 00:28:31,920 --> 00:28:34,280 they distancing themselves from that Trump meme? 516 00:28:35,640 --> 00:28:38,200 That's what you raised like It's, it's true, right? 517 00:28:38,200 --> 00:28:40,400 It's like they endorsed the mean prior. 518 00:28:40,400 --> 00:28:42,640 I think we they did, right? I don't want to say something 519 00:28:42,640 --> 00:28:44,000 stupid. I'm pretty sure they did. 520 00:28:44,080 --> 00:28:47,080 You know that that Trump did. Well, Trump did, because he. 521 00:28:47,080 --> 00:28:48,560 Posted on Real Donald Trump I'm pretty. 522 00:28:49,160 --> 00:28:52,000 I thought that his kids did as well and he's retweeted. 523 00:28:52,000 --> 00:28:57,160 This a few times and then they came out strongly against this 524 00:28:57,160 --> 00:29:00,800 right after like the World liberty 5 founders all tweeted, 525 00:29:00,800 --> 00:29:03,640 posted on Instagram, etcetera. Then Don Junior, then they had 526 00:29:03,640 --> 00:29:08,920 Barron coming into Twitter. That Baron X faces account that 527 00:29:08,920 --> 00:29:10,560 he made to come on my Twitter space. 528 00:29:11,000 --> 00:29:12,400 Oh yeah, how sick. Is that Baron? 529 00:29:12,400 --> 00:29:17,320 Made a Twitter page to come on my spaces fire anyways and and 530 00:29:17,320 --> 00:29:19,680 they came out against this very strongly. 531 00:29:20,880 --> 00:29:23,160 Very strong like. This is like they straight up 532 00:29:23,160 --> 00:29:24,960 like, no, we did not do this right. 533 00:29:25,440 --> 00:29:27,040 What do you make of this and then the other? 534 00:29:27,240 --> 00:29:31,080 Wrinkle is that they said that we are building our own as a 535 00:29:31,080 --> 00:29:33,680 part of world liberty financial look. 536 00:29:34,920 --> 00:29:35,840 Yeah, I'm. Not authorized. 537 00:29:35,840 --> 00:29:40,720 Be extremely careful SO. And, and he runs the brand, he 538 00:29:40,720 --> 00:29:43,160 says. I run at Trump and I know 539 00:29:43,160 --> 00:29:49,480 nothing about this project. Yeah, it makes me wonder, like 540 00:29:49,480 --> 00:29:52,760 Will, the, is the Trump meme coin team even authorized to, 541 00:29:52,760 --> 00:29:56,400 to, to give this the green light? 542 00:29:57,680 --> 00:30:01,600 So it's it's a messy situation. I'm, I'm curious, you know, how 543 00:30:01,600 --> 00:30:04,960 that the Magic Kingdom war room team has been kind of responding 544 00:30:04,960 --> 00:30:08,400 to this over the last 36 hours or so. 545 00:30:09,000 --> 00:30:10,480 Are they still going to move forward with it? 546 00:30:10,640 --> 00:30:13,680 Like is it going to be flat out branded that the Trump wallet? 547 00:30:15,160 --> 00:30:17,920 And the the other part of me was wondering, like, is this similar 548 00:30:17,920 --> 00:30:22,040 to like the whole RTR situation where it seemed like the Trump 549 00:30:22,040 --> 00:30:23,360 team? Oh my. 550 00:30:23,360 --> 00:30:26,200 God, he said. RTR and perhaps like. 551 00:30:26,200 --> 00:30:28,760 Walked away at the last minute. Like that was one of my initial 552 00:30:28,760 --> 00:30:32,080 reactions to this is like maybe they were a part of this and 553 00:30:32,080 --> 00:30:34,320 then like it ended up coming out and they didn't like the way it 554 00:30:34,320 --> 00:30:37,720 looks and now they're distancing themselves and I don't know, I 555 00:30:37,720 --> 00:30:39,600 don't have any of the actual inside of them. 556 00:30:39,600 --> 00:30:40,640 They got comedian. Noted. 557 00:30:40,640 --> 00:30:45,000 And everything. Yeah, Damn. 558 00:30:47,160 --> 00:30:49,840 So that's a little bit of a. Blow right to at least any 559 00:30:49,840 --> 00:30:56,400 momentum or this. Curious where this goes. 560 00:30:56,400 --> 00:30:58,280 They they, they got the page later, right? 561 00:30:58,600 --> 00:31:02,400 Like magic. Has a wallet, they have a 562 00:31:02,400 --> 00:31:06,600 trading app. I guess it's just trying to 563 00:31:06,600 --> 00:31:10,120 expand their offerings. Are you joining the wait list 564 00:31:10,120 --> 00:31:12,360 for the Trump Wallet, Tyler? I'm not. 565 00:31:13,240 --> 00:31:14,880 I'm I'm content with the wallets I have. 566 00:31:19,680 --> 00:31:22,840 Look, we'll see, but the page got deleted like the Trump 567 00:31:22,840 --> 00:31:26,160 wallet page. Yeah, And where is it? 568 00:31:26,520 --> 00:31:28,440 I feel like the whole thing is. Up in the air right now, I I 569 00:31:28,480 --> 00:31:30,160 would I would not bet that this this is. 570 00:31:30,600 --> 00:31:33,040 Comes to life. This is not. 571 00:31:33,040 --> 00:31:35,200 Great. What a what a timeline dude, I 572 00:31:35,200 --> 00:31:38,280 saw it the other day. I was just like, Oh my God, I I 573 00:31:38,280 --> 00:31:40,400 wanted to double down because we didn't talk about it yesterday. 574 00:31:41,120 --> 00:31:42,880 But anyways, what else is new, Tyler? 575 00:31:42,880 --> 00:31:45,160 There was a few other things. I'm sure what was coming here. 576 00:31:45,160 --> 00:31:46,920 It was a lighter day. Like at the risk curve news. 577 00:31:46,920 --> 00:31:48,440 So I think we can talk about the bigger headlines. 578 00:31:48,440 --> 00:31:54,400 I really thought the Morgan news was really yo, so they're going 579 00:31:54,400 --> 00:31:57,160 to allow trading and their wealth management clients to use 580 00:31:57,160 --> 00:32:02,960 crypto, specifically starting with the BlackRock I shares, ETF 581 00:32:02,960 --> 00:32:07,080 shares as collateral for loans. And they're also going to 582 00:32:07,080 --> 00:32:09,760 consider those crypto holdings when assessing overall net 583 00:32:09,760 --> 00:32:12,280 worth, similar to how when they're going through an 584 00:32:12,280 --> 00:32:14,960 underwriting process, how they're evaluating the stocks 585 00:32:14,960 --> 00:32:17,560 that you hold, your cars, other assets. 586 00:32:17,880 --> 00:32:20,800 They're now going to start underwriting crypto as well. 587 00:32:21,080 --> 00:32:24,240 And they said this is going to apply globally spending multiple 588 00:32:24,240 --> 00:32:27,160 levels of, of wealth. So this is a huge deal. 589 00:32:27,160 --> 00:32:30,040 I can speak from first hand experience, just haven't gone 590 00:32:30,040 --> 00:32:32,600 through the mortgage application process in the US. 591 00:32:33,360 --> 00:32:36,760 When these lenders look at you, underwrite you, they 592 00:32:36,920 --> 00:32:39,440 historically they, they just throw crypto out the window. 593 00:32:40,880 --> 00:32:43,480 My specific lender didn't even want to look at my income 594 00:32:44,160 --> 00:32:48,800 because it was in just in the, the crypto sphere. 595 00:32:48,800 --> 00:32:53,600 So like they didn't work out my monthly income as a part of, you 596 00:32:53,600 --> 00:32:56,200 know, trying to figure out like what kind of loan we would be 597 00:32:56,200 --> 00:32:57,920 qualified for it and all of this. 598 00:32:58,920 --> 00:33:01,880 It just felt absurd. But that's just been the reality 599 00:33:01,880 --> 00:33:03,400 of the game. Yeah. 600 00:33:03,400 --> 00:33:04,240 And. Now that is. 601 00:33:04,240 --> 00:33:06,560 Changing and I think it's also very notable that it's coming 602 00:33:06,560 --> 00:33:10,960 from JP Morgan, which is led by Jamie Dimon, who's been the most 603 00:33:10,960 --> 00:33:14,840 vocal, biggest hater compared Bitcoin to a pet. 604 00:33:14,840 --> 00:33:16,760 Rocket has no utility. Well, guess what? 605 00:33:16,760 --> 00:33:19,920 This is real utility. You can start to get use your 606 00:33:19,920 --> 00:33:22,160 crypto holdings, your Bitcoin as collateral. 607 00:33:22,640 --> 00:33:24,920 That's a big deal. I think one of the immediate 608 00:33:24,920 --> 00:33:27,840 impacts of this is it makes it easier to hold Bitcoin on a 609 00:33:27,840 --> 00:33:32,480 longer time horizon, yeah. Definitely it's it's an 610 00:33:32,480 --> 00:33:39,400 interesting pivot right on the JP Morgan front it. 611 00:33:39,400 --> 00:33:42,760 Really feels like JP Morgan, the bank has been leaning more into 612 00:33:42,760 --> 00:33:46,400 crypto really for the last year, year and a half and I'd say has 613 00:33:46,400 --> 00:33:48,480 accelerated under the Trump administration. 614 00:33:49,400 --> 00:33:52,760 Whereas Jamie Dimon is still like the the dinosaur when it 615 00:33:52,760 --> 00:33:55,320 comes to crypto. And like he he is vocal about 616 00:33:55,320 --> 00:33:57,160 them. He doesn't like it. 617 00:33:57,800 --> 00:34:01,240 But behind the scenes, like the operations are have been moving 618 00:34:01,240 --> 00:34:03,160 forward. And I feel like it's clear 619 00:34:03,160 --> 00:34:05,960 they're making plans for this and they're starting with. 620 00:34:05,960 --> 00:34:08,960 I bet that I, I feel like this is a clear signal that it's 621 00:34:08,960 --> 00:34:10,360 going to be more than just I bet. 622 00:34:10,880 --> 00:34:12,639 I also, yeah. For this, they're not. 623 00:34:12,639 --> 00:34:14,120 Taking custody. I still think they're going to 624 00:34:14,120 --> 00:34:15,840 get into the custody game. I think it's too big. 625 00:34:17,840 --> 00:34:20,080 Yeah, interesting. Mando with the Bando. 626 00:34:21,840 --> 00:34:22,760 Hey guys. How are you? 627 00:34:24,239 --> 00:34:26,520 From Gia from. Gia, sorry A. 628 00:34:26,960 --> 00:34:28,600 Little. Bit. 629 00:34:28,920 --> 00:34:30,960 Late we were we're good. We're good. 630 00:34:30,960 --> 00:34:33,880 We're just talking about we we we kind of debriefed last 631 00:34:33,880 --> 00:34:38,760 yesterday's POM fun chatter. We went deeply into the circle 632 00:34:38,760 --> 00:34:42,480 IPO just now as well. And now into this now into this 633 00:34:42,480 --> 00:34:43,960 JP Morgan news. I mean, what do you think? 634 00:34:43,960 --> 00:34:47,960 I mean, Jamie Damon demon Demon is Jimmy Damon Diamond. 635 00:34:48,760 --> 00:34:52,120 He's been a big hater, and now it looks like it's kind of a 636 00:34:52,400 --> 00:34:56,040 flip here. Yeah, he's not going to change. 637 00:34:56,040 --> 00:35:00,160 His view, I don't think, but but like profit, you know, views 638 00:35:00,160 --> 00:35:02,240 never gone the way of profit at a bank. 639 00:35:02,240 --> 00:35:07,240 So I think I think it's highly likely that what what Tyler just 640 00:35:07,240 --> 00:35:11,560 said is is correct. It's it's difficult for one 641 00:35:11,560 --> 00:35:14,760 person's views to get in the way of of what is clearly emerging 642 00:35:14,760 --> 00:35:17,520 asset class. Also, Jamie Dimon, there's been 643 00:35:18,200 --> 00:35:20,440 a ton of rumour rumours over the last years. 644 00:35:20,440 --> 00:35:22,480 You know, these are, he's looking for his success and he's 645 00:35:22,480 --> 00:35:25,880 probably on the way out anyway. So, like, not that he doesn't 646 00:35:25,880 --> 00:35:28,960 work unbelievably hard, but, you know, I don't think he's. 647 00:35:29,120 --> 00:35:35,120 How old is Jamie Dimon? Must be in his late sixties, 69, 648 00:35:37,200 --> 00:35:39,840 Yeah, he might run for office. There's been talk of and all 649 00:35:39,840 --> 00:35:43,480 this stuff. So like, yeah, he's definitely 650 00:35:43,480 --> 00:35:46,240 going to define the next 20 years of JP Morgan, let's put it 651 00:35:46,240 --> 00:35:49,640 that way. Cutting him credit though. 652 00:35:49,840 --> 00:35:53,200 He's cooking over there. I think JP Morgan makes fucked 653 00:35:53,200 --> 00:35:55,160 on money right? Like what's JP Morgan like? 654 00:35:55,160 --> 00:35:57,760 JP Morgan he has. Been he's probably the best 655 00:35:57,760 --> 00:36:02,520 known CEO of a of a bank in the world, yeah. 656 00:36:02,880 --> 00:36:06,120 They've been good. How much money does JP Morgan 657 00:36:06,120 --> 00:36:08,040 make? Let's talk to our our friend 658 00:36:08,040 --> 00:36:09,160 here again. Make an. 659 00:36:09,160 --> 00:36:11,680 Absurd amount of money every year and we're we're. 660 00:36:11,680 --> 00:36:12,360 Asking. See. 661 00:36:12,800 --> 00:36:15,880 We're asking. We're going to ask Chad. 662 00:36:15,880 --> 00:36:19,960 GPT Mando we've been we've been we've been playing with ChatGPT 663 00:36:19,960 --> 00:36:24,800 during this show a lot ChatGPT set to buy circle IPO 10s of. 664 00:36:24,800 --> 00:36:26,600 Billions of dollars. Let's see. 665 00:36:34,080 --> 00:36:35,400 They're huge. They're the number one U.S. 666 00:36:35,400 --> 00:36:38,320 bank, but there's four China banks higher than them, 2023 667 00:36:38,320 --> 00:36:40,400 they. Made $240 billion in revenue, 668 00:36:40,640 --> 00:36:43,600 which was a 54.7% increase from 2022. 669 00:36:44,160 --> 00:36:48,880 Net income was $50 billion, which is a 38% rise from the 670 00:36:48,880 --> 00:36:50,760 previous year. Yeah. 671 00:36:52,920 --> 00:36:55,880 They are. I mean, look at the stock. 672 00:36:56,600 --> 00:36:58,800 In banking in. Banking world, they're kind of 673 00:36:58,800 --> 00:37:01,280 catching up with Goldman Sachs in terms of that prestige. 674 00:37:02,000 --> 00:37:05,640 Who? List of the banks making the 675 00:37:05,680 --> 00:37:09,000 most money. It's different, but you have 676 00:37:09,000 --> 00:37:10,120 some. Of the biggest banks in the 677 00:37:10,120 --> 00:37:12,160 world, and the biggest banks probably make the most money, 678 00:37:12,160 --> 00:37:13,320 but they're not true. True. 679 00:37:14,720 --> 00:37:18,520 Like BNP Paribas massive back, yeah. 680 00:37:19,000 --> 00:37:22,720 What about China? JP Second, Yeah. 681 00:37:23,080 --> 00:37:26,040 Definitely out there. The Goldman Sachs wouldn't. 682 00:37:26,240 --> 00:37:27,960 Be on any of these lists, right? Because it's much smaller. 683 00:37:28,800 --> 00:37:32,520 Well, we it'll be. Further down, but per per person 684 00:37:32,520 --> 00:37:36,200 in the organization they make. Very high levels. 685 00:37:37,640 --> 00:37:39,360 Interesting. Interesting. 686 00:37:39,360 --> 00:37:47,280 Wow, USAUSAUSA, I'm. Embracing this I'm I'm a Chase. 687 00:37:48,640 --> 00:37:51,880 Customer so I'm. Hoping that they go full into 688 00:37:51,880 --> 00:37:57,280 crypto that sapphire. Lounge hits, you know, anyways, 689 00:37:57,800 --> 00:38:01,320 so, so that's, that's a big pivot Circle IPO. 690 00:38:01,320 --> 00:38:03,040 It's good actually. Michael, quickly what what do 691 00:38:03,200 --> 00:38:05,000 you have any thoughts on the Circle IPO personally? 692 00:38:05,000 --> 00:38:09,120 Like it's like they raise the price by 20% I. 693 00:38:09,120 --> 00:38:10,560 Didn't think they'd get it that high. 694 00:38:10,680 --> 00:38:15,360 I I think it seems high to me, you know, but maybe I'm wrong. 695 00:38:15,800 --> 00:38:19,040 It's always difficult like. Where things price. 696 00:38:19,040 --> 00:38:22,720 Is often just dependent on buyers and sellers and often 697 00:38:22,720 --> 00:38:25,160 like crypto. Like, it's clear that Wall 698 00:38:25,160 --> 00:38:26,880 Street doesn't want crypto exposure here. 699 00:38:27,960 --> 00:38:31,360 You know, like. In stocks so circle suddenly 700 00:38:31,360 --> 00:38:35,360 becomes this stock to actually own have crypto exposure. 701 00:38:35,760 --> 00:38:37,240 Sometimes things can trade it hard. 702 00:38:37,360 --> 00:38:38,680 I mean look at microstreet she right. 703 00:38:38,680 --> 00:38:41,880 If there's a 2X book like that that tells you that people want 704 00:38:41,880 --> 00:38:45,200 to have crypto exposure. So interesting. 705 00:38:45,520 --> 00:38:49,240 I I think, I think part of it is to do that, OK. 706 00:38:50,160 --> 00:38:54,800 Speaking of traditional markets, are we going to flip the SPX, 707 00:38:54,800 --> 00:38:56,720 are we going to flip the S and Pi? 708 00:38:56,720 --> 00:39:03,560 Mean Tyler, it appears that you have been accumulating the 709 00:39:03,560 --> 00:39:07,880 hottest coin of this latest run. Yeah, I'm. 710 00:39:08,160 --> 00:39:11,160 Happy to just close. I've been Murad. 711 00:39:11,240 --> 00:39:15,200 Inc Nobody's allowed to talk to you about Murad anymore. 712 00:39:16,440 --> 00:39:19,680 I I wanted to bring that up. Let's bring it up, Tyler. 713 00:39:21,000 --> 00:39:27,800 Well, first the the news here. SBX is green, $4 billion on a 714 00:39:27,800 --> 00:39:28,800 day where everything else is red. 715 00:39:28,800 --> 00:39:30,480 For the most part all all the majors are red. 716 00:39:31,800 --> 00:39:33,960 So it. Is outperforming. 717 00:39:33,960 --> 00:39:36,680 This is probably the best looking chart in memes. 718 00:39:36,680 --> 00:39:39,760 I think that's objectively true at this point in time. 719 00:39:39,760 --> 00:39:42,360 I mean it mirrors the what the far coin chart looked like 2 720 00:39:42,360 --> 00:39:44,080 weeks ago. I know. 721 00:39:44,560 --> 00:39:46,840 Fuck yes, it was terrible. Yeah, it's. 722 00:39:46,920 --> 00:39:50,160 Wildly erratic. Like I I saw it went down $0.88 723 00:39:50,160 --> 00:39:52,760 now it's back at $0.93. It's all over the board so far 724 00:39:52,760 --> 00:39:56,240 going what about the rec chart? What is back? 725 00:39:56,400 --> 00:39:57,360 Rect is. Up only. 726 00:39:57,520 --> 00:39:59,800 Oh that looks good. Fuck me, dude. 727 00:39:59,800 --> 00:40:02,120 This is like my most solid handle up on. 728 00:40:02,160 --> 00:40:04,440 This Obi. Speaking. 729 00:40:04,440 --> 00:40:07,080 Oh, you just spoke. Yeah, yeah. 730 00:40:07,080 --> 00:40:08,000 That's like it's kind of old time. 731 00:40:08,120 --> 00:40:12,080 High, by the way. Yo-yo yo-yo yo-yo yo-yo yo. 732 00:40:12,960 --> 00:40:14,760 I tried the new flavor yesterday. 733 00:40:16,320 --> 00:40:19,080 What the fuck good about I think. 734 00:40:19,440 --> 00:40:20,520 It's yeah. Definitely the best one. 735 00:40:20,520 --> 00:40:21,960 Yeah, dude, it's. Amazing. 736 00:40:21,960 --> 00:40:24,960 Wow, it it, I just remember I guess. 737 00:40:24,960 --> 00:40:27,280 At least of it. Damn it, I just remember. 738 00:40:27,360 --> 00:40:29,160 Jesus. I just remember because. 739 00:40:29,160 --> 00:40:31,200 I had quite a few drinks yesterday so I kind of forgot 740 00:40:31,200 --> 00:40:34,160 that I tried the right drink during the show. 741 00:40:34,360 --> 00:40:36,680 And sitting next to Mando. That's the one. 742 00:40:36,680 --> 00:40:38,760 Thing I think always said like it's it's blue, but it's 743 00:40:38,760 --> 00:40:39,920 actually got a grapefruit flavor. 744 00:40:39,920 --> 00:40:42,040 It's got nothing. The branding of it, the 745 00:40:42,040 --> 00:40:47,120 packaging has nothing to do with the flavor, which I do think 746 00:40:47,120 --> 00:40:49,440 maybe he should change that because I know it's shipwrecked. 747 00:40:49,440 --> 00:40:52,160 But maybe for the future cans of this taste. 748 00:40:53,520 --> 00:40:55,240 But then if you don't want to tell the boy how to run his 749 00:40:55,240 --> 00:40:58,880 thing because he's killing it, but but but so the taste has 750 00:40:58,880 --> 00:41:02,080 nothing to do with the branding, but the taste is the best. 751 00:41:02,080 --> 00:41:05,800 So my personal 3 and I'm curious what you guys think in the chat. 752 00:41:05,800 --> 00:41:08,560 And for those of you who I think you haven't tried it yet, but 753 00:41:08,560 --> 00:41:09,560 Mendel, you have tried all three. 754 00:41:09,920 --> 00:41:13,640 Number one shipwrecked #2 line #3 Apple. 755 00:41:15,560 --> 00:41:18,800 Yeah, I think I would just put #1 as, as the shipwrecked. 756 00:41:19,440 --> 00:41:22,040 And then the other two, like sometimes I, I'm like, oh, I 757 00:41:22,040 --> 00:41:24,360 really like the apple. And then sometimes I really like 758 00:41:24,360 --> 00:41:27,760 the, the lime, liquidated lime, but grapefruit lime. 759 00:41:27,760 --> 00:41:31,440 Is good with tequila. Grapefruit feels good at all 760 00:41:31,440 --> 00:41:32,960 times a day, you know? Yeah. 761 00:41:33,640 --> 00:41:35,480 People want grapefruit? Yeah, you. 762 00:41:35,520 --> 00:41:37,040 Should try. And test your the. 763 00:41:37,040 --> 00:41:40,000 Apple I've not found I love. I like the apple to drink. 764 00:41:40,120 --> 00:41:42,360 I don't like it as a mixer. I didn't like it as a. 765 00:41:42,360 --> 00:41:43,880 Mixer either the opposite for. Lime. 766 00:41:43,880 --> 00:41:45,840 I like lime as a mixer more, yeah. 767 00:41:46,360 --> 00:41:47,480 There you go, there's something for everyone. 768 00:41:47,480 --> 00:41:49,600 Anyways, let's go back to the SPX. 769 00:41:49,640 --> 00:41:51,520 SPX. Brad was right, he he was 770 00:41:51,520 --> 00:41:54,640 perhaps the most villainous person during the last meme 771 00:41:54,640 --> 00:41:57,720 cycle. Whereas all he did was tell 772 00:41:57,720 --> 00:42:00,720 people to believe in his coins and stick to their beliefs 773 00:42:00,840 --> 00:42:04,440 versus everyone else who was preaching hyper rotation. 774 00:42:05,520 --> 00:42:08,240 He he took his took his talents to TikTok. 775 00:42:09,080 --> 00:42:12,640 Killing it and it it looks good. I like the is this. 776 00:42:14,080 --> 00:42:16,120 You know what you're going to get like he he has got the the 777 00:42:17,160 --> 00:42:21,400 uniform style. You can say that I'm going to go 778 00:42:21,400 --> 00:42:23,560 become. The must up Marat of Hardcoin on 779 00:42:23,560 --> 00:42:31,120 TikTok. And I don't know if he's, I 780 00:42:31,120 --> 00:42:33,120 don't know if he's if we're actually pulling in TikTok 781 00:42:33,120 --> 00:42:35,040 buyers or not. But yeah, I don't know. 782 00:42:35,160 --> 00:42:37,080 Do you think that's the reason? No, no, no. 783 00:42:37,080 --> 00:42:40,560 No, no, no, no. I saw Jez buy as well. 784 00:42:40,760 --> 00:42:43,360 He's got all the whales buying for sure here. 785 00:42:43,360 --> 00:42:45,760 Look. Well, a big part. 786 00:42:45,760 --> 00:42:48,320 Of it too is, I mean, yeah, believe if we're going to have 787 00:42:48,320 --> 00:42:51,920 an eighth season, if we're going to have an eighth season, people 788 00:42:51,920 --> 00:42:53,480 are naturally going to bet on 8th betas. 789 00:42:55,040 --> 00:42:56,560 Yeah, but the 8th. Betas are down are. 790 00:42:57,080 --> 00:42:59,760 You looking at the. 8th betas man, like only really wrecked in 791 00:42:59,760 --> 00:43:03,840 SPX is doing well. It's kind of not like great out 792 00:43:03,920 --> 00:43:05,360 there. I think they're all going to 793 00:43:05,360 --> 00:43:06,920 bounce. This one message is the one 794 00:43:06,920 --> 00:43:07,600 that's. Doing well. 795 00:43:08,560 --> 00:43:10,960 Pepe is expensive, man. And I, I know it's been a great 796 00:43:10,960 --> 00:43:15,160 trade, but like I'm not, I'm not interested in buying Pepe at 5 797 00:43:15,160 --> 00:43:16,160 billion. I'm just not. 798 00:43:17,680 --> 00:43:24,880 But I've been down. Yeah, it's. 350 million. 799 00:43:25,520 --> 00:43:26,600 Yeah. That. 800 00:43:26,600 --> 00:43:31,960 Seems versus those two that we just mentioned Pepe and I think 801 00:43:31,960 --> 00:43:33,320 you're just. Handling here we're we're 802 00:43:33,320 --> 00:43:38,240 pulling a Tyler special cub handle I've been. 803 00:43:38,480 --> 00:43:41,400 Most surprised at that one like Rex seems strong aspect seems 804 00:43:41,400 --> 00:43:44,800 strong Pepe yeah it's expensive, so it's very difficult for it to 805 00:43:44,800 --> 00:43:49,200 like really push on without doge pushing on like you need yeah 806 00:43:49,200 --> 00:43:50,920 you need. You need the like the. 807 00:43:50,920 --> 00:43:54,440 Main meme rally for like Pepe to really rally. 808 00:43:55,160 --> 00:43:58,720 Yeah, but I don't really know what else I'd buy on these apart 809 00:43:58,720 --> 00:44:00,600 from apart from Mulga after that. 810 00:44:01,360 --> 00:44:02,680 What's Doge? Doge is back. 811 00:44:02,720 --> 00:44:05,240 Eighteen sets. Yeah, it's been. 812 00:44:05,240 --> 00:44:10,200 Bad, you see for games. Yeah, you're right. 813 00:44:13,120 --> 00:44:15,680 You're right, SPX man. Q4. 814 00:44:16,520 --> 00:44:19,960 Q4 SPX. What was the low on SPX 240? 815 00:44:19,960 --> 00:44:22,520 OK, so just pull the far coin dude. 250 mil bottom dude. 816 00:44:23,520 --> 00:44:24,720 Wow. Yeah, it's same thing as 817 00:44:24,720 --> 00:44:26,120 exactly. That's funny. 818 00:44:26,120 --> 00:44:27,800 That's the exact same thing as far coin. 819 00:44:29,760 --> 00:44:32,200 Exact same thing. Yeah, I think we're mentally. 820 00:44:32,840 --> 00:44:35,840 Similar to FAR coins, people's targets are high like people are 821 00:44:35,880 --> 00:44:38,200 like their holders are, are irrational. 822 00:44:39,600 --> 00:44:40,920 They've been holding for a long time. 823 00:44:41,400 --> 00:44:43,400 They're not buying in for a 2X no. 824 00:44:45,520 --> 00:44:47,560 This is true. We'll see. 825 00:44:47,680 --> 00:44:50,040 I mean, I'm patient. This is one of the rare times 826 00:44:50,040 --> 00:44:53,200 where like I'm seeing a massive drawdown like portfolio value 827 00:44:53,200 --> 00:44:57,280 and I'm not like freaking out like I it was scary. 828 00:44:57,280 --> 00:45:00,000 And then like you, you do wake up, like, fuck, you know, like 829 00:45:00,000 --> 00:45:04,520 that feeling. But I'm not like panicking about 830 00:45:04,520 --> 00:45:06,560 this. Even Meadow told me I'm going to 831 00:45:06,560 --> 00:45:10,800 be fine. So I think your position like 832 00:45:10,880 --> 00:45:12,400 what I. Said yesterday, I still think 833 00:45:12,400 --> 00:45:15,560 it's true. I do think that that you always, 834 00:45:15,720 --> 00:45:18,840 you always are just all memes or nothing. 835 00:45:18,960 --> 00:45:23,360 And I think that's that has very wild run ups and can have very 836 00:45:23,360 --> 00:45:26,320 wild run downs. Like there is something if it's 837 00:45:26,320 --> 00:45:30,160 only ETH rather than ETH beta, you know, or there is some 838 00:45:30,160 --> 00:45:33,520 benefit of owning Solana rather than maybe sold these at times, 839 00:45:33,520 --> 00:45:36,680 you know, like now you wonder. Why I have bipolar disorder. 840 00:45:36,680 --> 00:45:43,440 Just kidding, but I do think. That fartcoin will it it feels 841 00:45:43,440 --> 00:45:45,960 like it's going to be strong. I do think that Solana could go 842 00:45:45,960 --> 00:45:49,200 down to 140 area. I do. 843 00:45:49,240 --> 00:45:52,000 I do think that and I don't think like even with Bitcoin 844 00:45:52,000 --> 00:45:54,280 continued to hit all time high and maybe even if pushing on 845 00:45:54,280 --> 00:45:58,320 like I I think that that would have very much surprised me. 846 00:45:59,960 --> 00:46:03,320 Yeah, we just wait, you know how how do you feel about the rest 847 00:46:03,320 --> 00:46:04,840 of June here? And then I guess we'll we'll get 848 00:46:04,840 --> 00:46:06,720 to a geek giveaway. I know you got to you also go to 849 00:46:07,080 --> 00:46:11,440 stop at the hour mark Tyler. But what do you think about June 850 00:46:11,440 --> 00:46:12,480 here? Like I'm thinking we're getting 851 00:46:12,480 --> 00:46:14,560 a quick little fake out first week of June and like I think 852 00:46:14,560 --> 00:46:15,680 we're going to have a good month. 853 00:46:15,880 --> 00:46:17,680 And like, how do you feel about the market generally? 854 00:46:19,040 --> 00:46:21,080 Yeah, I'm not, I'm not that worried about the market here. 855 00:46:21,560 --> 00:46:25,920 I think like we've said this yesterday, but Bitcoin's just 856 00:46:25,920 --> 00:46:30,880 hanging out around 105 K and it's not really moving. 857 00:46:31,120 --> 00:46:33,760 It's going up and down 1% and it's every time it moves up and 858 00:46:33,760 --> 00:46:37,800 down 1%, the whole market completely nukes, which apart 859 00:46:37,800 --> 00:46:40,400 from maybe like just the majors, maybe just the eBay. 860 00:46:40,400 --> 00:46:43,120 So like even Salaan is getting hurt and that sort of a move and 861 00:46:43,720 --> 00:46:45,400 some of the others. So Bitcoin dominance is just 862 00:46:45,400 --> 00:46:50,720 staying at 64%. I, I don't know how long that 863 00:46:50,720 --> 00:46:55,760 continues for, but it probably tells you that like, it's 864 00:46:55,760 --> 00:46:57,960 dangerous. It's dangerous to own to own. 865 00:47:00,400 --> 00:47:02,840 It. Is what it is, but I do, I don't 866 00:47:02,840 --> 00:47:05,440 think, I don't think Bitcoin is going to go to like 90K or 867 00:47:05,440 --> 00:47:08,640 anything like that. Like I think I think it'll stay 868 00:47:09,280 --> 00:47:12,880 above 100K. You think you can shut me up by 869 00:47:12,880 --> 00:47:15,760 stopping my long? No, you're fueling me and 870 00:47:15,760 --> 00:47:18,320 exposing yourselves. Your tactics are being 871 00:47:18,320 --> 00:47:20,640 documented and exposed. Live by me. 872 00:47:21,080 --> 00:47:24,600 The perpetrators will be named Put me in jail or kill me to 873 00:47:24,600 --> 00:47:28,280 shut up from now on. I'm coming for everyone of you. 874 00:47:29,280 --> 00:47:31,720 Wow. Big. 875 00:47:31,720 --> 00:47:34,760 James Winn, do you liquidate it? Again. 876 00:47:34,760 --> 00:47:36,400 Yeah, go liquidate. It again last night. 877 00:47:38,560 --> 00:47:40,280 Oh, brother. That's one guy. 878 00:47:40,280 --> 00:47:43,080 Never clicked to follow Barton on I've. 879 00:47:43,880 --> 00:47:45,120 Messed him. I've messed him to see if he 880 00:47:45,120 --> 00:47:47,080 wants to go on wreck radio. Let's let's see if. 881 00:47:47,080 --> 00:47:51,920 He he comes on, it would be a big interview. 882 00:47:54,240 --> 00:48:02,200 I mean, what an idiot. See, I'm an idiot, but I'm that 883 00:48:02,200 --> 00:48:11,520 much an idiot, $100 million. Like you've got a thing like 30% 884 00:48:11,520 --> 00:48:15,520 in cash, 30% in Bitcoin, 30% in sole and Ethereum, and then you 885 00:48:15,520 --> 00:48:18,680 fuck off, right? Yeah, at least they don't. 886 00:48:18,800 --> 00:48:21,360 Followers, you know, so. Oh yeah. 887 00:48:21,440 --> 00:48:22,640 Yeah, sorry you got through the follow up. 888 00:48:22,640 --> 00:48:24,960 It's true. He he grew his 300K fast United 889 00:48:25,000 --> 00:48:28,920 so he'd be Would you rather? Have 100 million or 300,000 890 00:48:28,920 --> 00:48:33,120 followers on CT I don't have. 400,000 followers on CT get out. 891 00:48:34,840 --> 00:48:37,760 Well, if you asked me a million or three K followers on CT, I'd 892 00:48:37,760 --> 00:48:41,080 take the followers, but 100 million for a versus A. 893 00:48:41,080 --> 00:48:44,440 Million, yeah, 1,000,000. 10 million, that's what I'm 894 00:48:44,440 --> 00:48:47,240 starting to, maybe all for the 10 million.