1 00:00:00,080 --> 00:00:02,400 Yo-yo, yo, what up? What up? 2 00:00:02,600 --> 00:00:05,640 Good morning. Good morning, GMG. 3 00:00:08,600 --> 00:00:12,560 Oh, yeah. Oh, it's it's Monday. 4 00:00:13,320 --> 00:00:20,440 Monday live, 15th, 2020. Look at that. 5 00:00:20,760 --> 00:00:23,040 Another beautiful day to have a beautiful day. 6 00:00:23,680 --> 00:00:28,240 I got my coast in the house. Oh, Seth Mando, how you guys 7 00:00:28,240 --> 00:00:31,800 doing today? Are you muted? 8 00:00:31,800 --> 00:00:35,360 Ovi, you're muted. There we go. 9 00:00:35,520 --> 00:00:37,400 What's eating my eating my burrito ball. 10 00:00:37,960 --> 00:00:38,800 I'm good How you guys doing? I'm. 11 00:00:40,560 --> 00:00:43,640 Doing great man. Fantastic doing fantastic. 12 00:00:43,640 --> 00:00:45,680 Mando, you look like you got a little change of change of 13 00:00:45,680 --> 00:00:48,280 background here going on. Yeah, I'm on holiday. 14 00:00:49,080 --> 00:00:51,360 Is there a back? Is there a echo? 15 00:00:51,360 --> 00:00:54,720 No, no. You sound you sound a little bit 16 00:00:54,720 --> 00:00:58,040 quiet though, I would say. I think I have. 17 00:00:59,320 --> 00:01:02,480 May not have, yeah. Oh, that may be it. 18 00:01:02,480 --> 00:01:05,000 There we go. It's like double connected there 19 00:01:05,000 --> 00:01:07,120 for me. Let me see if I can fix this. 20 00:01:07,200 --> 00:01:09,640 Sean, you're on vacation. That is nice. 21 00:01:09,920 --> 00:01:14,200 Something has ever changed. Look at that big Daddy OSF with 22 00:01:14,200 --> 00:01:15,720 the burrito bowl back in business. 23 00:01:17,160 --> 00:01:20,080 I, I, I think I do hear it now, Mendo Check, check. 24 00:01:21,400 --> 00:01:23,840 Is it is it Ovie's luck? Because you know, Ovie, how we 25 00:01:23,840 --> 00:01:25,800 used to always make fun of Mendo's like technical 26 00:01:25,800 --> 00:01:29,160 difficulties, but he hasn't had some, and now you're back and he 27 00:01:29,160 --> 00:01:32,920 has one I don't. Know could be a bad bad omen. 28 00:01:35,440 --> 00:01:38,520 Let me tell you something today though, the bulls are so back in 29 00:01:38,520 --> 00:01:40,240 town. You know we never left. 30 00:01:40,560 --> 00:01:43,040 The bulls never left though. You know, a lot of a lot of bull 31 00:01:43,040 --> 00:01:46,360 has definitely turned full bearish over the last few weeks. 32 00:01:47,040 --> 00:01:49,760 We know, we know who you are. We have your names written down 33 00:01:49,760 --> 00:01:51,600 in the group chat. We're going to hold you 34 00:01:51,600 --> 00:01:55,720 accountable down the line, but but that's one thing for sure. 35 00:01:55,720 --> 00:01:59,360 So today's the show today. Today we got OV back. 36 00:01:59,360 --> 00:02:01,160 So for sure, you know with the boys we're going to talk some 37 00:02:01,160 --> 00:02:05,240 market today. Obviously Friday evening was 38 00:02:05,640 --> 00:02:08,400 Trump's assassination attempt. So that was all over the 39 00:02:08,400 --> 00:02:10,120 timeline this weekend. So I'm assuming we're going to 40 00:02:10,120 --> 00:02:12,920 talk about you know, some politics though, trying to not 41 00:02:12,920 --> 00:02:14,840 fall down politics slippery slope over. 42 00:02:14,840 --> 00:02:17,920 I started to tweet that this weekend, but you know, it's like 43 00:02:17,920 --> 00:02:21,520 we we can't not fall into it. It's like the the main narrative 44 00:02:21,520 --> 00:02:24,480 for crypto is literally politics right now as well. 45 00:02:24,480 --> 00:02:27,120 So it's hard not to fall down that rabbit hole. 46 00:02:27,400 --> 00:02:31,120 So we're going to talk about, yeah, Mr. CPI is so funny. 47 00:02:31,600 --> 00:02:34,200 I didn't know about these nicknames, Mr. CPI. 48 00:02:35,240 --> 00:02:37,440 Anyways, so we'll talk about markets, we'll talk about the 49 00:02:37,440 --> 00:02:39,080 bulls, we'll talk about how we're doing. 50 00:02:39,480 --> 00:02:44,200 We may talk a little bit about football maybe, but I'm not sure 51 00:02:44,200 --> 00:02:46,440 because Ovie said that if England doesn't win, the whole 52 00:02:46,440 --> 00:02:48,360 golden bull market is in jeopardy. 53 00:02:48,360 --> 00:02:49,960 So I don't really want to bring this back up. 54 00:02:50,520 --> 00:02:53,120 Really scared me there there was we'll. 55 00:02:53,160 --> 00:02:55,560 We'll we'll serve a bull market. It just won't be the Golden Bull 56 00:02:55,560 --> 00:03:01,320 run that that. So we have to wait 202026 Yeah. 57 00:03:01,320 --> 00:03:03,120 Is that what we have to do? The Golden Bull Run is like a 58 00:03:04,040 --> 00:03:05,680 multi year long bull. Run. 59 00:03:05,680 --> 00:03:06,880 It's like 10 years long. Right. 60 00:03:07,200 --> 00:03:08,480 So it lasts for a decade. Yeah. 61 00:03:08,480 --> 00:03:12,920 Like imagine stocks from like 2010 to 2020. 62 00:03:13,600 --> 00:03:15,000 That would be like Golden Bull Run. 63 00:03:15,040 --> 00:03:20,000 What's better, insufferable English fans on the timeline for 64 00:03:20,000 --> 00:03:23,600 two years until the World Cup or a Golden Bull Run? 65 00:03:24,040 --> 00:03:26,320 Like what's what's like or not getting it? 66 00:03:26,640 --> 00:03:29,640 I think I'm OK not getting the Golden Bull Run and not having 67 00:03:29,640 --> 00:03:31,960 to hear about how it came home for two years. 68 00:03:32,120 --> 00:03:34,120 Yeah, it'd be, we would be pretty insufferable. 69 00:03:34,120 --> 00:03:34,880 I agree with that. So. 70 00:03:34,880 --> 00:03:37,480 I'm biased, so I'm biased. I was cheering for you guys, 71 00:03:37,480 --> 00:03:38,720 though. I just want to put down the 72 00:03:38,720 --> 00:03:41,640 record when, you know, you guys scored that, that screamer. 73 00:03:41,640 --> 00:03:45,560 I was like, let's go, let's go. Anyways, so talk markets and 74 00:03:45,560 --> 00:03:48,360 then we'll see what what topics we have time to go on about. 75 00:03:48,360 --> 00:03:51,280 And we'll give out 100 bucks. So we'll pick someone, just 76 00:03:51,280 --> 00:03:53,240 retweet the spaces, follow us as usual, blah, blah, blah. 77 00:03:53,560 --> 00:03:56,840 And if you're live and then sure, we'll just give you $100. 78 00:03:56,840 --> 00:03:59,080 But anyways, anyways, anyways, nothing for you to do. 79 00:03:59,080 --> 00:04:11,720 What do we get right into it? Can you dig it? 80 00:04:12,800 --> 00:04:15,520 Yeah, man, what a what a weekend. 81 00:04:16,279 --> 00:04:20,279 Like when we were on Friday, it felt as though, you know, we had 82 00:04:20,279 --> 00:04:24,840 a little bit of a rally and then when we reclaim 60K for that 83 00:04:24,840 --> 00:04:26,920 weekly candle, we just ripped higher. 84 00:04:26,920 --> 00:04:31,880 So Bitcoin is sitting about 6 or 7% higher than where we were on 85 00:04:31,880 --> 00:04:36,040 the show on Friday. Solanas broken through 150, so 86 00:04:36,040 --> 00:04:40,680 it's about 153 ETH. Interestingly, they're all 87 00:04:40,680 --> 00:04:44,200 rallied about the same. So if sold Bitcoin all all up 88 00:04:44,200 --> 00:04:48,440 around 5:00 to 6% today, they all kind of reacted similarly. 89 00:04:49,000 --> 00:04:51,680 Obviously a few different things happening here and it's 90 00:04:51,680 --> 00:04:54,120 difficult to work out what was the biggest thing. 91 00:04:55,160 --> 00:05:00,400 I think firstly, markets are pricing in a very high degree of 92 00:05:00,400 --> 00:05:01,880 certainty now that Trump is going to win. 93 00:05:02,000 --> 00:05:07,440 So obviously we had that moment around the assassination attempt 94 00:05:07,440 --> 00:05:11,160 and then after that Bitcoin started to rally pretty hard. 95 00:05:11,680 --> 00:05:15,400 Bitcoin was hanging out around 60K in the hours shortly after 96 00:05:15,400 --> 00:05:20,200 that and it was, that was quite a key point of defence I think 97 00:05:20,440 --> 00:05:22,360 for liquidations, particularly for bears. 98 00:05:23,560 --> 00:05:26,400 We did breakthrough that for the weekly candle kind of overnight. 99 00:05:26,400 --> 00:05:29,720 There were a few headlines over the last 24 hours which may have 100 00:05:29,720 --> 00:05:31,920 caused that. Firstly, there there was a 101 00:05:31,920 --> 00:05:36,480 rumour that China may be looking to unban crypto in Q4. 102 00:05:37,440 --> 00:05:41,720 You had a lot of large accounts on this on this app, including 103 00:05:41,720 --> 00:05:45,280 Mike Novogratz. Retweet that and say, you know, 104 00:05:45,280 --> 00:05:48,000 there's a huge deal. Obviously this has been rumoured 105 00:05:48,480 --> 00:05:50,640 several different times, so let's see what actually happens. 106 00:05:51,040 --> 00:05:53,800 But that would be that would be very bullish, I think for the 107 00:05:53,800 --> 00:05:56,240 market. Obviously Hong Kong has been 108 00:05:56,240 --> 00:06:00,760 good, but the, the ETF demand kind of shows you that it's 109 00:06:00,920 --> 00:06:03,800 still kind of small compared to the, the absolutely huge 110 00:06:03,800 --> 00:06:06,160 interest there is in mainland China, given that's where all 111 00:06:06,160 --> 00:06:08,920 the miners have been for so many years in Bitcoin. 112 00:06:09,640 --> 00:06:11,440 And then you had a couple more headlines. 113 00:06:11,440 --> 00:06:14,600 So you had #1 which is Russia. Russia is now looking to 114 00:06:14,640 --> 00:06:17,280 integrate crypto into its Stock Exchange, which I thought was 115 00:06:17,280 --> 00:06:19,760 quite wild. So they've been saying that for 116 00:06:19,760 --> 00:06:23,520 the last few months that because of all the dollar sanctions 117 00:06:23,520 --> 00:06:25,640 they've been under, that they were going to try and integrate 118 00:06:25,920 --> 00:06:28,880 stable coins a lot more. And now they're going to look to 119 00:06:28,880 --> 00:06:34,320 allow crypto trading on the Moscow stock index as well as 120 00:06:34,320 --> 00:06:37,640 more integrations into the general financial infrastructure 121 00:06:37,640 --> 00:06:40,040 around Russia, which I think is very interesting. 122 00:06:40,040 --> 00:06:43,640 It's starting to see stable coins being used in lieu of the 123 00:06:43,640 --> 00:06:46,600 dollar. And then thirdly, you saw that 124 00:06:47,680 --> 00:06:50,040 the ruling party of South Korea, which has been relatively 125 00:06:50,720 --> 00:06:54,800 crypto, well, pro crypto has come out and said they're 126 00:06:54,800 --> 00:06:58,040 probably going to delay the capital gains tax on crypto 127 00:06:58,040 --> 00:07:02,560 until 2028. So you're talking about 3, very, 128 00:07:02,560 --> 00:07:05,720 very well, four if you include the Trump headline, but pretty 129 00:07:05,720 --> 00:07:08,280 much around the world, very, very bullish headlines for 130 00:07:08,280 --> 00:07:11,040 crypto. South Korea is obviously one of 131 00:07:11,040 --> 00:07:13,800 the highest, has one of the highest rates of adoption of 132 00:07:13,800 --> 00:07:15,840 crypto. Russia's obviously has a very 133 00:07:15,840 --> 00:07:18,440 high adoption of crypto. Mainland China being brought 134 00:07:18,440 --> 00:07:21,400 into the fall would be huge. And then you have obviously the 135 00:07:21,400 --> 00:07:24,960 idea of the Trump pump, meaning that crypto gets a better 136 00:07:24,960 --> 00:07:29,480 adoption throughout the US So, yeah, just a very, very bullish 137 00:07:30,200 --> 00:07:32,400 spate of headlines there over the weekend. 138 00:07:33,200 --> 00:07:38,200 You saw the majors, the majors actually did some of the best, 139 00:07:38,200 --> 00:07:42,400 like being at 5 to 6%. Again, meme coins have been 140 00:07:42,400 --> 00:07:45,960 relatively, I would say mixed. You've had Morgan podcast, which 141 00:07:45,960 --> 00:07:47,800 we've been talking about for the last couple of weeks. 142 00:07:48,040 --> 00:07:49,680 They've generally been the strongest too. 143 00:07:50,880 --> 00:07:53,600 And then Pepe and whiff have slightly underperformed. 144 00:07:54,000 --> 00:07:59,360 But you, you saw, you know, this is still like this is this is 145 00:07:59,360 --> 00:08:01,360 something to paint paint on. And I put this in a group chat 146 00:08:01,360 --> 00:08:05,600 of some of the boys over the weekend. 147 00:08:05,600 --> 00:08:07,920 Is that these charts of top one hundreds? 148 00:08:07,920 --> 00:08:09,480 And I've been doing this for six months now. 149 00:08:10,080 --> 00:08:14,320 They are now largely altcoins. And they were, and particularly 150 00:08:14,320 --> 00:08:19,160 if you look back over the last two weeks, over the top 300, 151 00:08:19,160 --> 00:08:21,720 let's say, because top 100, there's not that many meme coins 152 00:08:21,720 --> 00:08:23,720 in the top 300, but there are in the top 300. 153 00:08:25,320 --> 00:08:26,600 I guess Billy's, Billy's in there. 154 00:08:26,800 --> 00:08:29,160 But a lot of these are now altcoins. 155 00:08:29,560 --> 00:08:31,520 Yeah, a lot of these are now altcoins. 156 00:08:31,680 --> 00:08:37,000 And that that's been a change from it being almost entirely 157 00:08:37,000 --> 00:08:41,200 meme coins is that this rally, you've actually started to see 158 00:08:41,200 --> 00:08:43,760 it be pretty broadly across most altcoins. 159 00:08:43,760 --> 00:08:46,400 And that's where a little people reaching their back to to like 160 00:08:46,520 --> 00:08:48,640 deploy some gaps. That looks like a lot of 161 00:08:48,640 --> 00:08:51,560 altcoins are up like 6070% now from their lows. 162 00:08:52,240 --> 00:08:55,320 And they're still down a ton. Like the charts look horrific, 163 00:08:55,720 --> 00:08:59,720 but they are bouncing from a very, very low, very low level. 164 00:08:59,960 --> 00:09:04,600 So, yeah, it's it's a, it's an interesting part of the market 165 00:09:04,600 --> 00:09:08,560 here in that you're seeing all coins kind of match some of the 166 00:09:08,560 --> 00:09:13,320 moves at least in, in mean coins, but a very, very strong 167 00:09:13,640 --> 00:09:16,520 broader macro picture. You've seen stocks obviously go 168 00:09:16,520 --> 00:09:19,080 higher again on the back of this. 169 00:09:19,080 --> 00:09:22,160 Again, that would be mainly pricing in the idea that I think 170 00:09:22,160 --> 00:09:25,080 that Trump is going to come in and and that market, I think 171 00:09:25,080 --> 00:09:27,320 I've been pricing that in more and more for the last few weeks 172 00:09:27,320 --> 00:09:28,520 as part of the reason for the rally. 173 00:09:28,840 --> 00:09:34,680 So just a, a very, very strong week this week. 174 00:09:34,720 --> 00:09:35,960 We don't actually have that much. 175 00:09:35,960 --> 00:09:39,760 We have the, the Fed is going to, I think Jerome Powell's 176 00:09:39,760 --> 00:09:43,840 actually talking today. But after the, the print on 177 00:09:44,560 --> 00:09:49,240 Friday for CPII, think it's, it's kind of expected that we're 178 00:09:49,240 --> 00:09:51,560 going to see rate cuts. It's now more of a question of 179 00:09:51,960 --> 00:09:54,280 how many. I think the, the, the consensus 180 00:09:54,280 --> 00:09:56,520 is 2, but we could have one or three. 181 00:09:56,520 --> 00:09:58,920 But let's let's see how how that goes. 182 00:09:59,400 --> 00:10:03,920 And I think you we have the ECB decision later in the week and 183 00:10:03,920 --> 00:10:07,880 some retail sales, but nothing huge this week in terms of in 184 00:10:07,880 --> 00:10:12,040 terms of macro it will, it will mainly be a little bit quiet. 185 00:10:12,040 --> 00:10:15,280 I think we have one more fed for the summer and then we're kind 186 00:10:15,280 --> 00:10:20,440 of done. OK, That's that's that's that's 187 00:10:20,640 --> 00:10:21,640 that's OK. That's good. 188 00:10:21,640 --> 00:10:25,000 Mr. CPI. I mean, there's no more CPISPPIS 189 00:10:25,000 --> 00:10:27,040 and all that shit is ahead of us, is there? 190 00:10:28,120 --> 00:10:30,240 Well, until next month a little bit, yeah. 191 00:10:31,120 --> 00:10:33,440 For a little bit. Yeah. 192 00:10:34,120 --> 00:10:36,400 It feels like that's all we talked about the last like 3 193 00:10:36,400 --> 00:10:39,800 weeks, two or three weeks. It's like, oh, Powell FOMC. 194 00:10:39,800 --> 00:10:44,480 No, because there's that dovish dovish, muvish, billish, 195 00:10:44,480 --> 00:10:49,560 muggish, whatever it is. It's just, it was a lot of it 196 00:10:49,560 --> 00:10:52,680 was like heavy macro. Like I feel like, I feel like 197 00:10:52,680 --> 00:10:54,840 everybody was trying to make an excuse to why the market was not 198 00:10:54,840 --> 00:10:56,640 doing that great. But we couldn't because like 199 00:10:57,240 --> 00:11:00,520 that, because like the trap market was like doing incredible 200 00:11:00,920 --> 00:11:03,600 while crypto was just like performing like trash. 201 00:11:03,600 --> 00:11:05,920 So everyone in their mothers was on time, like trying to figure 202 00:11:05,920 --> 00:11:08,160 it out why, Oh, no jobs being created. 203 00:11:08,480 --> 00:11:10,360 That's why Bitcoin's down like 20%. 204 00:11:11,000 --> 00:11:13,160 Germany just finished selling. That was the other headline, 205 00:11:13,160 --> 00:11:14,520 obviously. Germany finished selling. 206 00:11:14,920 --> 00:11:19,040 They're done. Finally, they're done and we 207 00:11:19,040 --> 00:11:20,440 ripped. As soon as you don't need to 208 00:11:20,480 --> 00:11:23,400 stop sending the points. It was, it was the whole thing 209 00:11:23,400 --> 00:11:26,920 was literally on a plate. It was on a fucking plate. 210 00:11:27,600 --> 00:11:30,840 And all you had to do was like, oh, big technical selling from 211 00:11:30,840 --> 00:11:33,200 German government had this much to go. 212 00:11:33,200 --> 00:11:36,200 Once it's done, we should rally. It was like this technical 213 00:11:36,200 --> 00:11:39,200 selling from the German government in a backdrop of some 214 00:11:39,200 --> 00:11:41,960 of the most extremely positive headlines I've ever seen for 215 00:11:41,960 --> 00:11:44,440 crypto, especially the Trump stuff, which I think is the 216 00:11:44,440 --> 00:11:47,720 biggest thing right now. So I'm just like, this is, I 217 00:11:47,760 --> 00:11:51,680 mean, I'm so deep in anyway, like I didn't buy more, but if I 218 00:11:51,680 --> 00:11:54,080 was sidelined, I would absolutely be buying as much as 219 00:11:54,080 --> 00:11:55,640 I could in in the last few weeks. 220 00:11:55,640 --> 00:11:58,720 And the most bizarre thing to me is just reading the timeline and 221 00:11:58,720 --> 00:12:01,880 people being like, we've lost the 55K level now. 222 00:12:01,880 --> 00:12:05,800 There's no, you know, there's only air till 41 K and all these 223 00:12:05,800 --> 00:12:07,880 like chart guys getting super bearish AT55K. 224 00:12:07,880 --> 00:12:11,600 And lo and behold, they're all Max bullish today at like 63 K. 225 00:12:11,600 --> 00:12:16,280 And it's just like are are you guys like dumb, like I don't 226 00:12:16,400 --> 00:12:19,040 want, you know, for lack of a better term, like, I'm sorry, 227 00:12:19,040 --> 00:12:23,120 but like it is as simple as German government selling, done 228 00:12:23,120 --> 00:12:26,680 selling super positive headlines coming up, including hopefully 229 00:12:26,680 --> 00:12:30,080 the launch of the ETF this week. So it's just to me was one of 230 00:12:30,080 --> 00:12:31,280 those moments. I was like, man, this is just 231 00:12:31,280 --> 00:12:36,040 one of the like easiest like lay UPS ever. 232 00:12:36,400 --> 00:12:40,240 And I'm just watching person after person after person, 233 00:12:40,240 --> 00:12:44,360 people who've been around in crypto since 2017, 2015, 2014, 234 00:12:44,360 --> 00:12:47,160 whatever, you, you know, how long they've been and just 235 00:12:47,160 --> 00:12:49,480 fumble it like generational fumbles. 236 00:12:49,480 --> 00:12:51,600 And, and a lot of these people are still sidelined by the way. 237 00:12:51,600 --> 00:12:54,680 They're still sidelined from those levels. 238 00:12:55,200 --> 00:12:58,560 And I'm thinking, man, if you sold at 55 K and you've been 239 00:12:58,560 --> 00:13:01,360 sidelined on this move on the way up and you just had that 240 00:13:01,360 --> 00:13:04,280 Trump stuff over the weekend. And if you do get an ETF this 241 00:13:04,280 --> 00:13:08,280 week, you must be like, I don't know how you stay sidelined 242 00:13:08,280 --> 00:13:10,640 here, Like unless you're inherently bearish on 243 00:13:10,640 --> 00:13:14,040 everything, if you just sold just because of charts, you're 244 00:13:14,040 --> 00:13:15,680 in a very, very tough position right now. 245 00:13:15,680 --> 00:13:17,680 It's a very tough position to stand here and watch. 246 00:13:18,600 --> 00:13:20,720 I think it's really good to break down actually, because I 247 00:13:20,720 --> 00:13:23,360 don't think these people, I don't think it's necessarily, it 248 00:13:23,360 --> 00:13:27,560 sounds really smart, you know, like if we break 60 K, you know, 249 00:13:27,640 --> 00:13:30,680 we'll go higher. If we go down 50K, it sounds 250 00:13:30,800 --> 00:13:33,560 alluring in that like you don't have to do anything yet, you 251 00:13:33,560 --> 00:13:37,680 know, like just just chill, wait until if we go above 60 K, you 252 00:13:37,680 --> 00:13:40,280 can be bullish. The issue about this is that 253 00:13:40,840 --> 00:13:45,880 crypto is very violent and you also get these if you're a 254 00:13:45,880 --> 00:13:49,920 chartist, you get these like deviations where fake breakouts 255 00:13:49,920 --> 00:13:54,880 or fake fake drops below resistance, right? 256 00:13:55,600 --> 00:14:04,160 So when it hits 60K like it did Sunday night, right, it then 257 00:14:04,160 --> 00:14:08,880 just like gaps so aggressively away from where you can even get 258 00:14:08,880 --> 00:14:11,520 in. So your concept of right, I need 259 00:14:11,520 --> 00:14:13,360 to get in. You probably have a fraction of 260 00:14:13,360 --> 00:14:16,240 a second. And in that exact moment, it 261 00:14:16,240 --> 00:14:19,480 could also be a fake breakout of which case, like when it's 262 00:14:19,480 --> 00:14:22,840 hanging out at 60, when it's hanging out at 60 point 5K, 263 00:14:22,840 --> 00:14:24,000 right? Are you meant to buy it there? 264 00:14:24,000 --> 00:14:27,160 Or is that fake breakout which you could get hurt on And then 265 00:14:27,160 --> 00:14:29,880 now it goes to 63 1/2 K. I'm telling you the same people 266 00:14:29,880 --> 00:14:32,600 will be saying wait for the retest of 60 K. 267 00:14:32,600 --> 00:14:36,560 You're like, wait, wait until we hit 70 K and then you're meant 268 00:14:36,560 --> 00:14:38,560 to buy it. I guess what I'm trying to say 269 00:14:38,560 --> 00:14:42,280 is you need to be unbelievably quick if you're going to be a 270 00:14:42,280 --> 00:14:46,960 chartist in crypto because the periods of gains are so, so 271 00:14:46,960 --> 00:14:49,480 violent. But look at look at the last 12 272 00:14:49,480 --> 00:14:53,960 months in crypto. Bitcoin moved aggressively 273 00:14:53,960 --> 00:14:56,360 higher in a period and you didn't have time to catch it in 274 00:14:56,360 --> 00:14:58,720 that period, right? There was no, there was no way 275 00:14:58,720 --> 00:15:01,080 you could catch it in that period if you were a chartist. 276 00:15:01,080 --> 00:15:03,280 It just broke out and then just kept going. 277 00:15:03,480 --> 00:15:05,920 And if you weren't quick enough or if you were waiting for a 278 00:15:05,920 --> 00:15:08,880 retest, you got screwed. Now this could very easily be 279 00:15:08,880 --> 00:15:11,440 the same same sort of deal like you're now going to, you're 280 00:15:11,440 --> 00:15:13,440 going to sit there and go like right, I need to wait for the 281 00:15:13,760 --> 00:15:15,960 the pullback to get back in. Well, of course. 282 00:15:16,040 --> 00:15:17,680 And it could just, they could just keep going. 283 00:15:18,400 --> 00:15:21,680 I mean that's what happens from 35 to 6 to 70 to all time high 284 00:15:22,480 --> 00:15:25,160 like 35K. Everybody was calling for it to 285 00:15:25,160 --> 00:15:28,600 be slapped down in 20s and then it ran to us to all time high 286 00:15:28,600 --> 00:15:31,920 and then everybody was it was 40s forties to all time high 287 00:15:31,960 --> 00:15:35,600 inverse signed line. So so then you're sit as you 288 00:15:35,640 --> 00:15:40,040 said, you're sitting there having been given a 54 or 55K 289 00:15:40,040 --> 00:15:45,400 entry, let's say, and you waited until it was confirmed at 60 K 290 00:15:45,400 --> 00:15:48,240 being broken, right? You wait for that and that isn't 291 00:15:48,240 --> 00:15:49,880 confirmed even on the 1st breakthrough. 292 00:15:49,880 --> 00:15:51,280 You have to wait for like a retest. 293 00:15:51,560 --> 00:15:54,600 But then that retest never happens and we just keeps going 294 00:15:54,600 --> 00:15:57,760 higher. It's just, it's just dumb. 295 00:15:57,960 --> 00:16:00,400 It's just like you think you've done something smart and 296 00:16:00,400 --> 00:16:04,120 actually your logic just doesn't doesn't hold when when you try 297 00:16:04,120 --> 00:16:08,640 and apply it. Look, we've had the SEC head of 298 00:16:08,640 --> 00:16:12,720 crypto stepping down, SEC withdrawing from the Ethereum 2 299 00:16:12,720 --> 00:16:15,480 point O investigation. You have the ETF coming this 300 00:16:15,480 --> 00:16:19,200 week. You have an unequivocal Trump 301 00:16:19,200 --> 00:16:23,240 support for crypto, Trump speaking at Bitcoin conference 302 00:16:23,240 --> 00:16:26,560 at the end of this month. And on top of that, you have 303 00:16:26,560 --> 00:16:30,280 very likely rate cuts given the data that we've had. 304 00:16:31,600 --> 00:16:36,920 And these are all undoubtedly very positive catalysts that 305 00:16:37,040 --> 00:16:40,160 will see us through until at least the elections, if not the 306 00:16:40,160 --> 00:16:43,720 end of the year. So, you know, like I said, if 307 00:16:43,720 --> 00:16:46,760 you're not, if you're not bearish here and you sold just 308 00:16:46,760 --> 00:16:50,920 because of charts, you're in a very tough position where every 309 00:16:50,920 --> 00:16:56,080 potential headline and catalyst is extremely, extremely 310 00:16:56,080 --> 00:16:58,480 positive. And we're at levels right now 311 00:16:58,480 --> 00:16:59,760 where we're not at all time highs. 312 00:16:59,760 --> 00:17:01,200 We're still off all time highs, right? 313 00:17:02,880 --> 00:17:04,880 Yeah. Yeah, and, and sentiment's 314 00:17:04,880 --> 00:17:07,079 really low, right. This is the this is the the 315 00:17:07,119 --> 00:17:10,520 we're we're at fear on the on the fear and green index. 316 00:17:10,960 --> 00:17:13,119 True. Right, it's the lowest sentiment 317 00:17:13,119 --> 00:17:14,319 and sentiment indices. It's still. 318 00:17:14,359 --> 00:17:17,280 Quite low by two. 1023. It's still quite low. 319 00:17:18,640 --> 00:17:20,640 That is crazy. Look at this. 320 00:17:21,359 --> 00:17:23,280 It's still not like where it is now. 321 00:17:23,280 --> 00:17:26,160 It's and we are. How we're 10% from all time 322 00:17:26,160 --> 00:17:28,359 high? Dude usually and and see this 323 00:17:28,359 --> 00:17:30,520 was a coin you're. 10% from all time high is that? 324 00:17:31,440 --> 00:17:34,400 Yeah, 10% went from all time high. 325 00:17:34,400 --> 00:17:36,640 I mean, and look at Ethereum, I mean, even the other now it's 326 00:17:36,640 --> 00:17:38,840 not just like, yeah, Bitcoin did really well, but even ETH is 327 00:17:38,840 --> 00:17:41,040 looking to go back to push towards your highs. 328 00:17:41,800 --> 00:17:44,480 Solana is looking great too. Like even the majors at this 329 00:17:44,480 --> 00:17:46,080 point are looking. And you were pointing out that a 330 00:17:46,080 --> 00:17:48,800 lot of the ultra starting to slowly like speed up as well. 331 00:17:49,560 --> 00:17:52,720 Another point to like what you guys were saying, how much 332 00:17:52,720 --> 00:17:54,840 lower, lower did people expect things to go? 333 00:17:54,840 --> 00:17:57,440 Like all it's already down 80% while they're going down another 334 00:17:57,440 --> 00:17:59,880 100%. It's like at some point it's 335 00:17:59,880 --> 00:18:04,120 like how much, how, how much beating can the whole market 336 00:18:04,120 --> 00:18:06,800 take? So I, I find it interesting when 337 00:18:06,800 --> 00:18:10,560 I, when I see, you know, everybody start freaking out and 338 00:18:10,640 --> 00:18:14,000 losing their minds over just, you know, the little things. 339 00:18:14,200 --> 00:18:16,840 But anyways, there's not many bulls left out there. 340 00:18:17,000 --> 00:18:20,440 There's not many bulls left out there, not the traders at least. 341 00:18:20,880 --> 00:18:21,960 That's amazing. I love it. 342 00:18:21,960 --> 00:18:24,400 I love it. It's so much fun. 343 00:18:26,720 --> 00:18:32,000 I think, I think it's great. And OSF came back just to shit 344 00:18:32,000 --> 00:18:33,400 on the TA guys and I'm here for it. 345 00:18:34,360 --> 00:18:36,520 That honestly, when you asked me, I was like, yeah, I'm just 346 00:18:36,520 --> 00:18:37,720 going to come back to shoot the TA guys. 347 00:18:37,720 --> 00:18:41,320 Like I just I just need you to do it and and as many different 348 00:18:41,320 --> 00:18:46,160 like formats as I could. So let's let's go into the next 349 00:18:46,160 --> 00:18:48,920 format of of how you can shit on the TA guys. 350 00:18:50,000 --> 00:18:52,480 I don't think the TA guys expected what happened on Friday 351 00:18:52,480 --> 00:18:54,520 evening. I mean, boys, let's talk about 352 00:18:54,520 --> 00:18:56,360 that for a minute because obviously, like, we have no show 353 00:18:56,360 --> 00:18:59,960 on the weekend. Fuck yeah. 354 00:18:59,960 --> 00:19:02,720 What the hell? It was late this whole year and 355 00:19:02,720 --> 00:19:06,480 then this whole thing happens. I was this is insane. 356 00:19:07,440 --> 00:19:10,000 It is insane. I, I think we, we're like, we're 357 00:19:10,000 --> 00:19:12,000 not political analysts. So like the idea that we're 358 00:19:12,000 --> 00:19:14,040 going to get some like crazy stuff there, but I think it is, 359 00:19:14,120 --> 00:19:16,640 it is insane. I was living in the world, 360 00:19:16,640 --> 00:19:18,840 right? That if, where, where would a 361 00:19:18,840 --> 00:19:24,440 Bitcoin have gone if, like, God forbid, Trump had been 362 00:19:24,440 --> 00:19:26,000 assassinated? I don't want to imagine that. 363 00:19:26,040 --> 00:19:29,200 That's terrifying. Like, what is the candle then? 364 00:19:29,920 --> 00:19:32,400 Like I was trying to think about myself because if that happens, 365 00:19:32,400 --> 00:19:37,920 it just feels as though the sentiment in the US, it's, it's 366 00:19:37,960 --> 00:19:43,040 just like a, it's like it could catch flame at any moment, 367 00:19:43,080 --> 00:19:44,920 right? Like it just feels that a 368 00:19:44,920 --> 00:19:50,800 moment, if that happened, I, it could have gotten really bad. 369 00:19:50,800 --> 00:19:53,720 I think really, really bad. I think you could have had a 370 00:19:53,720 --> 00:19:58,800 Wick. We could have hit like, I don't 371 00:19:58,800 --> 00:20:03,640 want to say. We could have gone below 20 K in 372 00:20:03,640 --> 00:20:05,360 my opinion. Well, you think that if Trump 373 00:20:05,360 --> 00:20:08,080 would have been shot dead on Friday night because we went to 374 00:20:08,160 --> 00:20:10,400 20 Ki. Think it would have been pretty 375 00:20:10,400 --> 00:20:12,640 bad Civil war man. It would have been a complete 376 00:20:12,640 --> 00:20:15,520 like it would have been a complete shitshow in America, I 377 00:20:15,520 --> 00:20:20,080 think. Damn, I think he's in a Wick for 378 00:20:20,080 --> 00:20:23,440 sure. Like because you, you're really, 379 00:20:23,480 --> 00:20:28,280 I think you could have seen a, the level of violence that could 380 00:20:28,280 --> 00:20:32,600 have broken out in the US could have been to on the teetering on 381 00:20:32,600 --> 00:20:36,720 the point of questioning about the US, right. 382 00:20:37,200 --> 00:20:39,680 And that, although a lot of people have pointed to that 383 00:20:39,680 --> 00:20:43,840 being like a very bullish outcome for crypto in general, 384 00:20:43,840 --> 00:20:46,440 you know, like Bitcoin is decentralized. 385 00:20:46,440 --> 00:20:48,600 So it's not, it's not tied to any state. 386 00:20:49,880 --> 00:20:54,040 I do think I did wake up and just think, wow, like imagine if 387 00:20:54,040 --> 00:21:00,720 you'd had any leverage or if you'd had any sort of risk that 388 00:21:00,720 --> 00:21:04,000 could have exploded on, on a, on a move like that. 389 00:21:04,000 --> 00:21:05,240 And it's something to be aware of. 390 00:21:05,240 --> 00:21:09,160 Like if you you might think that like you could never get 391 00:21:09,160 --> 00:21:14,240 liquidated, but a move that is the sort of move that I think 392 00:21:14,240 --> 00:21:17,080 would have liquidated every single person in the entire 393 00:21:17,080 --> 00:21:20,800 market. Like in my opinion. 394 00:21:20,880 --> 00:21:25,040 So that that just got me like crap. 395 00:21:25,240 --> 00:21:27,880 I mean, think about what happened with Iran, right? 396 00:21:27,880 --> 00:21:31,640 Like the Iran, Israel thing we dropped, we've got like a stone. 397 00:21:32,000 --> 00:21:33,840 Yeah, yeah, yeah. Solana nearly went on to 100 398 00:21:34,320 --> 00:21:39,720 when that happened. Right now imagine Trump gets 399 00:21:39,720 --> 00:21:46,000 shot and you start to see uprisings across the US and non 400 00:21:46,000 --> 00:21:48,720 like very serious uprisings I think. 401 00:21:48,720 --> 00:21:51,480 I think it could have gotten really mental. 402 00:21:52,400 --> 00:21:55,160 Yeah, I mean that is that is that is really scary. 403 00:21:55,160 --> 00:21:56,120 I mean, what what are your thoughts here? 404 00:21:56,120 --> 00:21:58,720 I mean, first of all, like this is just bat shit crazy that we 405 00:21:58,720 --> 00:22:01,640 we're back at living in a day and age because we didn't really 406 00:22:01,640 --> 00:22:03,800 live the JFK era and like those things, right? 407 00:22:04,480 --> 00:22:06,960 Obviously you weren't born, but like you, you only studied this 408 00:22:06,960 --> 00:22:09,640 stuff and like history classes, school and shit. 409 00:22:09,920 --> 00:22:12,400 You're back living in the era when there was an assassination 410 00:22:12,400 --> 00:22:15,160 attempt on the on the ex president of the United States 411 00:22:15,160 --> 00:22:18,960 of America and running favorite candidate of the next election, 412 00:22:19,520 --> 00:22:21,560 recurrent election. It's a pretty scary thought when 413 00:22:21,560 --> 00:22:24,120 you take a step back and think about it this way, right? 414 00:22:26,920 --> 00:22:29,640 It is. I mean, I don't think we've seen 415 00:22:29,640 --> 00:22:33,640 anything like this in the Western world. 416 00:22:33,640 --> 00:22:36,360 If you like in our in our lifetimes, really have we like 417 00:22:37,040 --> 00:22:38,160 something to. Reagan. 418 00:22:38,280 --> 00:22:41,240 Reagan was, Yeah, I guess. I mean, you were born then. 419 00:22:41,240 --> 00:22:42,960 Maybe you're. I don't think. 420 00:22:42,960 --> 00:22:44,720 Reagan President? No, I think Reagan was before 421 00:22:44,720 --> 00:22:46,080 me, right were. Born bro Yeah, but. 422 00:22:46,160 --> 00:22:47,880 It was his second term, I think, right? 423 00:22:48,320 --> 00:22:52,040 Bro Reagan was 81 to 89. I hope he was born. 424 00:22:52,600 --> 00:22:55,200 In 89. I was born in 80. 425 00:22:55,720 --> 00:22:59,360 Five but yeah, something like something to that extreme and 426 00:22:59,360 --> 00:23:03,600 maybe had stuff in like other countries but Eastern Europe and 427 00:23:03,600 --> 00:23:07,720 all that stuff, but like nothing or it's like, oh, the USA 428 00:23:09,120 --> 00:23:11,520 presidential elections are like full on. 429 00:23:11,720 --> 00:23:15,040 This wasn't just like a oh we heard a gunshot and everyone 430 00:23:15,040 --> 00:23:17,200 went down and and Trump got evacuated. 431 00:23:17,200 --> 00:23:20,600 This is a full on like shot at his head. 432 00:23:20,720 --> 00:23:22,720 Look tilted his head. You saw the video when he 433 00:23:22,720 --> 00:23:23,920 tilted? His head, yeah. 434 00:23:23,920 --> 00:23:26,920 It's like it's mental and it's like you were literally like a 435 00:23:27,840 --> 00:23:31,720 hairline away from just absolute chaos, which is which is mad to 436 00:23:31,720 --> 00:23:33,920 think. I don't know, like it. 437 00:23:34,040 --> 00:23:35,720 There's obviously like all these thoughts about whether it was 438 00:23:35,720 --> 00:23:38,320 staged or was it real or for me it was real, I don't think. 439 00:23:38,320 --> 00:23:39,640 It's I don't want to get into that. 440 00:23:39,680 --> 00:23:42,880 Yeah, yeah, definitely real. I mean, yeah, but come on. 441 00:23:43,040 --> 00:23:44,440 But it's just like whatever it is. 442 00:23:44,440 --> 00:23:48,600 Like Wet Dream, right? No, no conspiracy theories. 443 00:23:50,480 --> 00:23:52,440 Saturday you. Guys want to send the. 444 00:23:54,600 --> 00:24:00,200 It was like an RSS feed of like queuing on crap on my on my 445 00:24:01,120 --> 00:24:03,640 WhatsApp group on on Saturday. Like insane amounts of 446 00:24:03,640 --> 00:24:07,000 conspiracy theories. Yeah, don't bring Cali on for 447 00:24:07,000 --> 00:24:08,600 more right now. We're going to be we're going to 448 00:24:08,600 --> 00:24:11,880 be put in the in the same basket as an Alex Jones show. 449 00:24:13,440 --> 00:24:16,680 Exactly. If you're even slightly into 450 00:24:16,680 --> 00:24:19,880 conspiracy theories like you, you, you've basically got the 451 00:24:19,880 --> 00:24:22,360 next five years from, you know, like you. 452 00:24:22,760 --> 00:24:25,040 Even text each other about like conspiracies. 453 00:24:25,080 --> 00:24:27,960 I'm pretty sure, I'm sure, I'm sure they, they're really into 454 00:24:27,960 --> 00:24:30,120 that stuff. Look, the question was like, not 455 00:24:30,120 --> 00:24:32,960 whether they'd plan this or not. The question was like, who did 456 00:24:32,960 --> 00:24:33,440 that? Right? 457 00:24:33,440 --> 00:24:34,800 Like why was the reaction so slow? 458 00:24:34,800 --> 00:24:38,080 On the, on the, on the, on the, on the Secret Service front and 459 00:24:38,080 --> 00:24:39,520 everything. One thing's for sure is the 460 00:24:39,520 --> 00:24:43,720 Secreto's fucking shit like that's I think we can all agree 461 00:24:44,280 --> 00:24:46,680 without you, you you saw all these threats from like ex 462 00:24:46,680 --> 00:24:50,480 snipers or ex like defense professionals and like dude, 463 00:24:50,560 --> 00:24:52,400 this is like the tallest building closest to it and 464 00:24:52,400 --> 00:24:53,800 there's nobody on it. You know what I mean? 465 00:24:54,000 --> 00:24:57,240 So I don't want to get into the conspiracy side of things, but I 466 00:24:57,240 --> 00:25:00,280 wanted to you know, the first reaction of crypto MFRS was 467 00:25:00,280 --> 00:25:01,440 which coins are we buying and why? 468 00:25:01,440 --> 00:25:03,680 This is good for my bags. And so I think that's it's 469 00:25:03,680 --> 00:25:05,680 relevant to talk about on the show, 'cause you said the 470 00:25:05,680 --> 00:25:09,360 counter argument is like, if it, you know, if the if, if, you 471 00:25:09,360 --> 00:25:11,960 know, if the shot wasn't missed, the market would have looked 472 00:25:11,960 --> 00:25:15,280 different this morning. And I think you're right, right, 473 00:25:15,280 --> 00:25:18,840 Because the market responded the other way, you know, to Trump 474 00:25:18,840 --> 00:25:21,000 standing up. And arguably, that's one of the 475 00:25:21,000 --> 00:25:25,520 most iconic photo shots, photo like shots of, of this decade. 476 00:25:29,080 --> 00:25:31,800 Iconic. Like the guy that shot that like 477 00:25:31,800 --> 00:25:34,120 shot the shot of his life. I mean, this is this is 478 00:25:34,160 --> 00:25:36,280 absolutely like this is next level. 479 00:25:36,840 --> 00:25:39,760 The immediate reaction though on on the market, the first thing I 480 00:25:39,760 --> 00:25:43,360 opened was this to see how the qualifier, I mean, Tyler did. 481 00:25:43,360 --> 00:25:44,920 He would have loved that on the show this morning. 482 00:25:45,160 --> 00:25:46,600 I mean, the immediate reaction was this. 483 00:25:46,600 --> 00:25:49,000 It was like a 30% candle on Trump coin. 484 00:25:50,240 --> 00:25:52,680 This front, literally the day before you and I were talking 485 00:25:52,680 --> 00:25:56,400 about buying Trump, and I was like, I can't be bothered to 486 00:25:56,400 --> 00:25:59,600 like, spend this money on blast. I'm too lazy to do it. 487 00:25:59,600 --> 00:26:02,400 And I just didn't do it. And I saw that I was like, damn. 488 00:26:03,200 --> 00:26:06,720 It was either the day before OV or or the same morning. 489 00:26:06,760 --> 00:26:08,560 You and I were like, damn, Like OK, we're. 490 00:26:08,600 --> 00:26:10,960 It was literally the day before it was like, yeah, it was 491 00:26:10,960 --> 00:26:13,680 trading at like 5 or something like 5.5 or something like that. 492 00:26:14,320 --> 00:26:16,800 Too, That's why we're like, OK, well, what are the ETH corns 493 00:26:16,800 --> 00:26:18,880 that are going to turbo pump? Obviously mug. 494 00:26:18,920 --> 00:26:21,560 We can't get more bullish and we already are a mug and it's like, 495 00:26:21,560 --> 00:26:23,080 well, what else, right, Like what else? 496 00:26:23,080 --> 00:26:25,720 Like, OK, we get it. Pepe mug, Pepe Mark, what else 497 00:26:26,040 --> 00:26:29,120 will Trump, right? And then obviously I didn't make 498 00:26:29,120 --> 00:26:32,120 a move, though I bought quite a significant amount of more on 499 00:26:32,120 --> 00:26:35,000 Thursday night instead of Trump, which pretty much worked out in 500 00:26:35,000 --> 00:26:38,880 my favor. But it's, you know, mug up 30% 501 00:26:38,880 --> 00:26:40,920 and then you have width moving like .2%. 502 00:26:40,920 --> 00:26:45,920 So it's not bad. That's the meme. 503 00:26:47,160 --> 00:26:49,480 Aside from that, though, looks like corns are doing pretty 504 00:26:49,480 --> 00:26:51,120 good. I mean, Ovi kind of want to ask 505 00:26:51,120 --> 00:26:53,200 you here, how do you feel about ETF week this week? 506 00:26:53,200 --> 00:26:54,640 I mean, you are you're a big ETH guy here. 507 00:26:55,560 --> 00:26:57,920 It's this is the week Nick Jurassi went, you know, made a 508 00:26:57,920 --> 00:26:59,120 call. He doesn't usually make those 509 00:26:59,120 --> 00:27:00,960 calls, but he said I'm making the call. 510 00:27:01,200 --> 00:27:03,360 This is the ETF week. He posted that. 511 00:27:03,520 --> 00:27:05,800 How do you feel about that given that last week? 512 00:27:05,800 --> 00:27:08,160 Was that what the biggest week for Bitcoin or one of them 513 00:27:08,200 --> 00:27:11,080 billion dollars in inflows? What's your outlook this week 514 00:27:11,080 --> 00:27:12,800 given ETF and what do you think is going to happen? 515 00:27:13,720 --> 00:27:15,560 Yeah, first, I really like Nate Dressy a lot. 516 00:27:15,560 --> 00:27:18,080 I compared to some of the other Bloomberg analysts and 517 00:27:18,440 --> 00:27:21,280 commentators, he doesn't really like hedge his commentary. 518 00:27:21,280 --> 00:27:24,240 He's just like, I think we're going to get an ETF this week. 519 00:27:24,240 --> 00:27:25,600 I'm sticking my neck out and saying that. 520 00:27:25,960 --> 00:27:29,640 He also said I think the ETF gets approved when everyone else 521 00:27:29,840 --> 00:27:32,200 didn't. So he's pretty, you know, like 522 00:27:32,280 --> 00:27:34,240 he's not always going to be right, obviously, but at least 523 00:27:34,240 --> 00:27:37,920 he, you know, presents a real opinion and A and a real view. 524 00:27:37,920 --> 00:27:41,760 And so his view is that we see something this week. 525 00:27:42,320 --> 00:27:46,960 His reasoning is that all the the the hurdles have now been 526 00:27:46,960 --> 00:27:49,000 crossed and there's no reason why there should be any delay 527 00:27:50,080 --> 00:27:52,680 given all the filings we saw at the end of last week. 528 00:27:52,680 --> 00:27:55,200 So fingers crossed, hopefully we see it this week. 529 00:27:55,200 --> 00:27:58,160 There hasn't again, there's been not a huge amount of 530 00:27:58,160 --> 00:28:03,640 communication from the SEC. And remember, this is another 531 00:28:03,640 --> 00:28:05,880 thing that Nate said. Remember how they cocked it up 532 00:28:05,880 --> 00:28:07,320 last time? Remember how there was a fake 533 00:28:07,600 --> 00:28:10,080 the SEC account got hacked and there was like a fake tweet 534 00:28:10,080 --> 00:28:12,240 about it being approved and stuff like they've obviously 535 00:28:12,240 --> 00:28:15,040 come under the kosh a lot for that and they've had to re 536 00:28:15,040 --> 00:28:17,560 evaluate the way they communicate these things to the 537 00:28:17,560 --> 00:28:19,520 market. So I think they're very light on 538 00:28:19,520 --> 00:28:23,560 communication until things are absolutely done. 539 00:28:24,440 --> 00:28:26,000 And even then, I think they'll continue to be light. 540 00:28:26,000 --> 00:28:30,080 So it's one of those things like we're not going to see any of 541 00:28:30,080 --> 00:28:33,720 the telltale signs that we saw for Bitcoin, but then one day 542 00:28:33,720 --> 00:28:35,320 it's going to be like, cool, this is all done. 543 00:28:35,600 --> 00:28:37,000 We're good to go, we're good to roll out. 544 00:28:37,000 --> 00:28:38,600 So his view is that we see it this week. 545 00:28:39,040 --> 00:28:41,720 I'm not really sure, you know, I don't have a strong view as to 546 00:28:41,720 --> 00:28:44,440 whether it's this week or next week, but it does feel like it's 547 00:28:44,440 --> 00:28:47,160 very, very soon. This week would be good timing 548 00:28:47,160 --> 00:28:52,000 given the market bounce and given all the Germany Bitcoin 549 00:28:52,000 --> 00:28:54,080 saying that's all been done and the technical overhand that's 550 00:28:54,080 --> 00:28:56,560 that we've passed. So it feels like the momentum 551 00:28:56,560 --> 00:28:59,560 would be on our side for it to come this week and then we'll 552 00:28:59,560 --> 00:29:00,240 see. So. 553 00:29:01,120 --> 00:29:02,320 Yeah. Well, how do you feel about the 554 00:29:02,400 --> 00:29:04,920 the inflows into the into the ECTFS? 555 00:29:05,520 --> 00:29:08,240 You know, on the bear side, they were like, oh, look at what 556 00:29:08,240 --> 00:29:10,720 happened to Bitcoin. It's become institutional coin. 557 00:29:11,640 --> 00:29:13,720 And you know, there was a there was remember it, it was a 558 00:29:13,720 --> 00:29:16,200 southern news event in the end. And then obviously then we saw 559 00:29:16,200 --> 00:29:18,640 quite a huge rise back to all time high within a couple weeks. 560 00:29:19,160 --> 00:29:21,120 How do you feel about the the ETH inflows? 561 00:29:21,120 --> 00:29:22,720 Personally speaking, I think everybody's wrong because 562 00:29:22,720 --> 00:29:24,040 consensus said it's going to be low. 563 00:29:24,040 --> 00:29:26,000 So therefore I'll take the other side. 564 00:29:26,000 --> 00:29:27,280 But what do you, what do you? Yeah. 565 00:29:28,120 --> 00:29:30,440 I think everyone says look what happened to Bitcoin ETF, it's 566 00:29:30,440 --> 00:29:35,560 like OK, but Bitcoin moved from 40K to 63K after the 70K after 567 00:29:35,560 --> 00:29:37,880 the ETF. So it's had a positive impact on 568 00:29:37,880 --> 00:29:40,400 the price. Sure that the technicals, the 569 00:29:40,400 --> 00:29:43,720 dynamics of the market changed, but I think overall it's been 570 00:29:43,720 --> 00:29:46,240 positive for it. And so I think you could and 571 00:29:46,240 --> 00:29:47,640 should see a similar thing for ETH. 572 00:29:47,640 --> 00:29:50,080 And I think we run it back on Earth, to be honest with you. 573 00:29:50,080 --> 00:29:53,840 Like maybe initially we'll see whether the inflows are good or 574 00:29:53,840 --> 00:29:55,520 bad. Like even for Bitcoin, the 575 00:29:55,520 --> 00:29:57,880 initial inflows weren't insane, they weren't incredible. 576 00:29:57,880 --> 00:30:01,080 They were just like decent, but they weren't like blow out, blow 577 00:30:01,120 --> 00:30:03,320 out, blow out numbers. I think I think it was about two 578 00:30:03,320 --> 00:30:05,160 billion on the first day across all the ETFs. 579 00:30:05,520 --> 00:30:08,040 And people were hoping that Black Rock alone would be close 580 00:30:08,040 --> 00:30:10,480 to that magnitude. So it's one of those things 581 00:30:10,480 --> 00:30:13,360 where like you maybe don't see the initial impact on day one, 582 00:30:13,360 --> 00:30:16,720 but as the inflows build up and as supply gets taken off the 583 00:30:16,720 --> 00:30:21,000 market, it does it all adds up. And it it does end up being 584 00:30:21,000 --> 00:30:22,280 positive. And I think it will be positive 585 00:30:22,280 --> 00:30:24,200 for ETH. And the big thing there for me 586 00:30:24,200 --> 00:30:28,600 is just like it's clear that Black Rock is supportive and, 587 00:30:28,600 --> 00:30:31,840 and bullish on ETH to have their $100 million tokenized fund on 588 00:30:31,840 --> 00:30:35,400 Ethereum. Larry Fink has publicly stated 589 00:30:35,400 --> 00:30:37,640 in interviews that he likes Ethereum. 590 00:30:37,640 --> 00:30:40,000 So I think they'll be pitching it pretty hard. 591 00:30:40,000 --> 00:30:44,240 And remember, just as, as we saw with Bitcoin, these guys are 592 00:30:44,240 --> 00:30:47,200 incentivized to go out there and sell this thing because the fees 593 00:30:47,560 --> 00:30:52,360 they're making us so much larger and, and bigger than they are on 594 00:30:52,360 --> 00:30:53,680 any, any of their other ETF products. 595 00:30:53,680 --> 00:30:55,800 So they're going to be saying this thing like mad. 596 00:30:55,800 --> 00:30:59,560 And the other thing is like, if you're a normie and you saw the 597 00:30:59,560 --> 00:31:03,560 move from Bitcoin ETFs from like whatever 40K to 70K, you're 598 00:31:03,560 --> 00:31:06,400 like, damn, I missed that. But now you may feel like you 599 00:31:06,400 --> 00:31:07,880 have the chance to run it back on ETH. 600 00:31:07,880 --> 00:31:10,080 It's like, cool, I missed the move on Bitcoin. 601 00:31:10,360 --> 00:31:14,120 Can I do the same move on ETH? And you can bet that all the ETF 602 00:31:14,480 --> 00:31:17,040 funds selling the stuff we're going to be making, the argument 603 00:31:17,040 --> 00:31:18,840 they'll be thinking about this is what happened with Bitcoin. 604 00:31:19,320 --> 00:31:22,000 We're expecting maybe not the same amount of flows on Earth, 605 00:31:22,000 --> 00:31:24,160 but the market cap of eats is a lot lower than the market cap 606 00:31:24,160 --> 00:31:25,960 Bitcoin. And this could be a should be a 607 00:31:25,960 --> 00:31:28,520 high beta version of that. So I agree, I think the 608 00:31:28,520 --> 00:31:30,920 expectations for for flows are actually pretty low. 609 00:31:31,360 --> 00:31:35,280 I actually even think the flows will be not that great either. 610 00:31:35,280 --> 00:31:38,200 But everyone thinks that. And I think the surprise is not 611 00:31:38,200 --> 00:31:40,600 really to the downside. I think the surprise is to the 612 00:31:40,600 --> 00:31:43,440 upside. No, I I totally agree with you. 613 00:31:43,440 --> 00:31:46,080 I mean here, if you look on AI was just on the map. 614 00:31:47,040 --> 00:31:52,160 This is where the Bitcoin TF was approved and like you see Jan 615 00:31:52,160 --> 00:31:56,200 10th pump, then this is this is this dump that people are like, 616 00:31:56,200 --> 00:31:58,000 Oh my God, it's sell the news that you're laughing at right 617 00:31:58,000 --> 00:32:00,320 now. And this is what it went shortly 618 00:32:00,320 --> 00:32:02,200 after. You know what I mean? 619 00:32:02,760 --> 00:32:04,680 Like look at that. This was approval. 620 00:32:04,920 --> 00:32:07,480 This was a slight dump after it and because you know there was 621 00:32:07,480 --> 00:32:10,720 GBTC like being so like crazy everyday and then this is what 622 00:32:11,520 --> 00:32:13,760 came shortly after. Since then and this is a post 623 00:32:13,760 --> 00:32:17,360 that just was came out during the show July 15th update. 624 00:32:18,120 --> 00:32:20,480 This is how much Bitcoin have been added by the ETFs. 625 00:32:21,280 --> 00:32:24,960 BlackRock has required 316,000 bitcoins. 626 00:32:27,000 --> 00:32:31,280 Yeah, I mean this is BlackRock. The the year to date flows on 627 00:32:31,280 --> 00:32:34,720 Bitcoin ETFs I think have now surpassed you have the 628 00:32:34,720 --> 00:32:37,080 montesens. Right, the year to date. 629 00:32:37,080 --> 00:32:38,880 Yeah. And that's the high, that's the 630 00:32:38,960 --> 00:32:41,000 that's the year to date high. So we're at the highs for that. 631 00:32:41,000 --> 00:32:44,760 And I know we've spoken a lot about like basis trading and all 632 00:32:44,760 --> 00:32:47,480 these flows, net increases in Bitcoin risk. 633 00:32:47,480 --> 00:32:50,600 I do think the last week was because the basis was like 634 00:32:50,600 --> 00:32:53,520 around 10% or below. So it's not it's materially less 635 00:32:53,840 --> 00:32:56,800 attractive level for funds to put on the base of trade than it 636 00:32:56,800 --> 00:32:58,760 has been. And if anything, I think some 637 00:32:58,760 --> 00:33:01,760 guys have probably been unwinding like what I've heard 638 00:33:01,760 --> 00:33:05,120 from various people as if it goes below sub 10%, people start 639 00:33:05,120 --> 00:33:07,880 unwinding it. So we saw a billion dollars of 640 00:33:08,280 --> 00:33:10,000 inflows into Bitcoin ETS last week. 641 00:33:10,000 --> 00:33:13,160 And I think in my opinion, the vast majority of that, if not 642 00:33:13,160 --> 00:33:16,400 even all of it really when that increases in risk. 643 00:33:17,000 --> 00:33:19,880 And I bet you anything, all these guys like Fidelity, 644 00:33:19,880 --> 00:33:23,280 BlackRock, etcetera, Arc like to their clients, you guys should 645 00:33:23,280 --> 00:33:25,040 buy this. Germany's selling, they're 646 00:33:25,040 --> 00:33:26,160 almost out. They're going to be done this 647 00:33:26,160 --> 00:33:27,960 week. This is a good dip to buy. 648 00:33:28,400 --> 00:33:31,120 That was the story and I think we saw, you know, Bitcoin move 649 00:33:31,120 --> 00:33:34,240 out of Germany into ETFs. Is it I think is what I saw and 650 00:33:34,240 --> 00:33:37,760 also Bitcoin move out of chartists into boomers. 651 00:33:38,840 --> 00:33:42,280 Yeah, but these people have like probably $1,000,000 to their 652 00:33:42,280 --> 00:33:44,120 name. So it's not much Bitcoin. 653 00:33:44,800 --> 00:33:48,000 But I'm just saying like, you know, a lot of people who chart, 654 00:33:48,000 --> 00:33:51,080 you know, they, they not usually the biggest, the biggest bag 655 00:33:51,080 --> 00:33:54,400 holders. I think, I think people miss 656 00:33:55,200 --> 00:33:56,960 misunderstand. I think people give too much 657 00:33:56,960 --> 00:34:00,920 power to CT on the market like the little micro pocket that CTS 658 00:34:00,920 --> 00:34:04,640 towards Like what the actual market like their their 659 00:34:04,640 --> 00:34:06,880 position. Yeah, see, like you think if 660 00:34:06,880 --> 00:34:09,440 you, if you log into Twitter a lot of levers, CT is the be all 661 00:34:09,440 --> 00:34:11,800 end all, but it's a tiny part of the market really. 662 00:34:11,800 --> 00:34:14,960 It's a lot of leveraged coins and ownership too, so they don't 663 00:34:14,960 --> 00:34:15,880 really own it. It's notional. 664 00:34:15,880 --> 00:34:18,239 It's like, oh, I have $10 million worth of Ethereum. 665 00:34:18,239 --> 00:34:21,480 No, motherfucker, you're long. 10 million notional with your 666 00:34:21,480 --> 00:34:25,360 last million at 10 X or short. That is, but anyways, like 667 00:34:25,520 --> 00:34:27,080 that's for a big part, but that's obviously mean all of 668 00:34:27,080 --> 00:34:28,000 them. And there's a lot of big chats 669 00:34:28,000 --> 00:34:31,639 on here and and but don't if you study that, like, and you, you 670 00:34:31,639 --> 00:34:33,679 texted me this morning, you're like, I'm glad you finally 671 00:34:33,679 --> 00:34:35,840 started realizing how stupid some people are. 672 00:34:36,159 --> 00:34:38,800 It's because, you know, I I'm starting to really see these 673 00:34:38,800 --> 00:34:40,520 patterns. I'm like, dude, like, come on, 674 00:34:40,520 --> 00:34:43,400 stop flip flopping, you know, like stand on game or something, 675 00:34:43,400 --> 00:34:46,760 you know, try to try to try to try to have like, you know, some 676 00:34:46,760 --> 00:34:48,840 conviction and believe in it. And that I thought about this a 677 00:34:48,840 --> 00:34:51,360 lot lately. Always like, why do we were Max 678 00:34:51,360 --> 00:34:54,239 bullish going to this new year or Max bullish in Q1? 679 00:34:54,440 --> 00:34:56,920 What you're going to let the summer dip like just make like 680 00:34:56,920 --> 00:34:59,120 lose your convictions? What happened to the cycles? 681 00:34:59,280 --> 00:35:01,280 What happens to those 500 days or six? 682 00:35:01,400 --> 00:35:03,840 I forgot the days, 300 days for the post. 683 00:35:04,080 --> 00:35:07,560 What is it after the having what happened to all these things 684 00:35:07,560 --> 00:35:09,560 that we talk about all the time and all of a sudden what a la 685 00:35:09,560 --> 00:35:12,960 Pubel like it goes to trash and we forget and that doesn't apply 686 00:35:12,960 --> 00:35:14,520 anymore. What happens to the fact that 687 00:35:14,520 --> 00:35:16,400 NASDAQ is hitting all time highs every morning? 688 00:35:18,240 --> 00:35:21,040 So the American economy is roaring Roaring 20s. 689 00:35:21,560 --> 00:35:23,480 Roaring 20s. Roaring 20s. 690 00:35:23,480 --> 00:35:25,960 Yeah, exactly. It's it's hot. 691 00:35:25,960 --> 00:35:30,200 So, so this this 58185 thousand Bitcoin owned by ATS right now. 692 00:35:30,200 --> 00:35:32,640 So I'm excited. What's what did you think? 693 00:35:32,640 --> 00:35:35,960 Is there an expectation for the date of the ITF approval for for 694 00:35:36,000 --> 00:35:39,040 not approval but for the the live for it to go live? 695 00:35:39,960 --> 00:35:42,520 This could be this week, I think could be, it could be this week 696 00:35:42,520 --> 00:35:44,160 is what they're saying. Like I think they're at the 697 00:35:44,160 --> 00:35:47,760 final approval stage and then, you know, basically good to go 698 00:35:47,760 --> 00:35:51,360 live so. OK. 699 00:35:51,480 --> 00:35:55,880 I guess, I guess we'll see. But we're we're definitely work 700 00:35:56,080 --> 00:35:59,760 waiting on that. And by default, I mean, I saw 701 00:35:59,760 --> 00:36:02,560 your tweet that you wrote about, you know how you think this 702 00:36:02,560 --> 00:36:06,520 thing's going to play out here. You said ETS ETF approval, ETC 703 00:36:06,520 --> 00:36:10,520 is going to outperform with of course it's it's it's betas. 704 00:36:10,520 --> 00:36:13,680 I mean, how we looking there Pepe mog I've been looking for 705 00:36:13,680 --> 00:36:16,280 other stuff, but I'm just like I can't I just every time there's 706 00:36:16,280 --> 00:36:19,480 like any ETH move, like Mark is top 100 in terms of volume and 707 00:36:19,520 --> 00:36:20,720 you're just like fuck. Yeah. 708 00:36:20,880 --> 00:36:24,240 I mean that's been obviously been a pretty strong coin I 709 00:36:24,240 --> 00:36:27,720 think in the last few weeks on the down moves. 710 00:36:27,720 --> 00:36:29,760 It didn't really move much lower and the up moves just moving a 711 00:36:29,760 --> 00:36:33,720 lot higher. So you know it's at almost $800 712 00:36:33,720 --> 00:36:36,480 million market cap now. It's currently sitting at all 713 00:36:36,480 --> 00:36:39,400 time highs. So I think that seems to have 714 00:36:39,480 --> 00:36:45,040 proven itself as like maybe the the number one coin on on ETH 715 00:36:45,040 --> 00:36:48,680 right now. Pepe is doing well as well, but 716 00:36:48,680 --> 00:36:50,160 it's definitely lagged. It's been a bit weaker. 717 00:36:50,160 --> 00:36:53,600 Like Pepe and WEF seem to, for whatever reason, have had some 718 00:36:54,560 --> 00:36:56,240 form of selling. I think maybe larger holders are 719 00:36:56,240 --> 00:36:58,960 taking profits there. Maybe you have people who are 720 00:36:59,040 --> 00:37:01,280 who hold both who are taking profits there. 721 00:37:01,280 --> 00:37:04,760 So I do think we saw a lot of like unwinding of, you know, 722 00:37:04,760 --> 00:37:09,440 this kind of like meme coin vaporware ish type risk, which 723 00:37:09,440 --> 00:37:14,040 could really go to 0 if you have like a bear market, but on the 724 00:37:14,040 --> 00:37:16,280 other hand could rally a lot more if you if this bull 725 00:37:16,280 --> 00:37:19,120 persists. So there's something good bases. 726 00:37:20,320 --> 00:37:21,640 I really thought blast would be higher. 727 00:37:21,640 --> 00:37:22,800 It hasn't really moved that much. 728 00:37:22,800 --> 00:37:25,360 But yeah, I thought blast could have been a good one because 729 00:37:25,560 --> 00:37:29,000 it's a new token you had. You should presumably you've had 730 00:37:29,000 --> 00:37:31,840 a large amount of the air drop selling that's already happened 731 00:37:31,840 --> 00:37:35,840 right now, but that hasn't really bounced as much as I 732 00:37:35,920 --> 00:37:38,160 expected it to. But still have my eye on that. 733 00:37:38,160 --> 00:37:44,240 Like it's, it's down about 4050% I think still from when it 734 00:37:44,240 --> 00:37:46,200 launched. So I think that could be 735 00:37:46,200 --> 00:37:47,000 interesting. But it's not. 736 00:37:47,120 --> 00:37:49,600 It's I I thought. I thought it felt bottomed out. 737 00:37:49,640 --> 00:37:52,360 We talked about this. Yeah. 738 00:37:52,480 --> 00:37:54,520 I mean I. Think it's, it feels like it's 739 00:37:54,520 --> 00:37:56,920 bottomed, but it hasn't. At the same time it hasn't like 740 00:37:56,920 --> 00:37:59,960 really bounced. Yeah, like Ether's moved up a 741 00:37:59,960 --> 00:38:01,680 lot. Ether's moved up like 15% in the 742 00:38:01,680 --> 00:38:05,400 last couple two or three days and Blast is up. 743 00:38:05,400 --> 00:38:07,520 I guess it's probably up a similar amount, but you'd expect 744 00:38:07,520 --> 00:38:12,200 it to be up more. The other L twos, they just 745 00:38:12,200 --> 00:38:13,760 don't seem to really be catching a bit either. 746 00:38:13,760 --> 00:38:18,280 So it doesn't feel like that's where the beta is controversial, 747 00:38:18,280 --> 00:38:23,120 but NFTS, Ethereum NFTS, I I reckon you can see a bit of a 748 00:38:23,120 --> 00:38:24,280 come back there. You know I'm not. 749 00:38:25,320 --> 00:38:27,480 I'm not. I agree with you actually. 750 00:38:27,480 --> 00:38:29,520 It's the 1st. It's the first time in a few 751 00:38:29,960 --> 00:38:33,480 years, I guess technically speaking, that I've felt a bit 752 00:38:33,480 --> 00:38:35,920 more constructive on Ethereum NFTS. 753 00:38:35,920 --> 00:38:37,600 Like I don't know which one. There's obviously so many 754 00:38:37,600 --> 00:38:40,160 different projects, but I do think you could see some some 755 00:38:40,160 --> 00:38:41,640 stuff do well there in my opinion. 756 00:38:42,120 --> 00:38:44,120 What do you I put this poll out this weekend. 757 00:38:44,120 --> 00:38:46,040 There's two hours left to it. I just shared it for anyone who 758 00:38:46,040 --> 00:38:48,840 wants to go in and and vote. But I said you believe there 759 00:38:48,840 --> 00:38:50,760 will be another manic run on NFTS like in 2020. 760 00:38:50,760 --> 00:38:55,160 One 2200 people voted, but 53% seem to think no. 761 00:38:55,160 --> 00:38:58,320 Do you think there's going to be a comeback on NFT at some point 762 00:38:58,320 --> 00:39:00,200 this cycle doesn't have to be this year. 763 00:39:00,440 --> 00:39:02,920 Cycle ends probably late next year. 764 00:39:03,320 --> 00:39:06,840 I don't think you necessarily see a manic run like you saw in 765 00:39:06,840 --> 00:39:11,600 2021, but I do think you will see some stuff go to decent 766 00:39:11,600 --> 00:39:14,560 levels. You know, like I think let's use 767 00:39:14,560 --> 00:39:17,480 pudgy Penguins as an as an example as that's, you know, the 768 00:39:17,480 --> 00:39:20,480 leading NFT right now on Ethereum, something like that. 769 00:39:20,480 --> 00:39:24,200 I think could go back to like 30-40 fifty ETH. 770 00:39:24,760 --> 00:39:26,720 I know Lucas said 200 ETH or whatever, but. 771 00:39:27,520 --> 00:39:30,000 I think 50s for Penguins this cycle is something. 772 00:39:30,000 --> 00:39:31,960 Insane. Yeah, which is what's that like 773 00:39:31,960 --> 00:39:36,000 a 5X from where it is now? Yeah, it is. 774 00:39:36,400 --> 00:39:40,640 Yeah, so it's not like a insane move in crypto mean coins 775 00:39:40,760 --> 00:39:45,560 standards, but it does you know, at 50 ether and let's say ether 776 00:39:45,560 --> 00:39:49,040 is at like 4 or 5K or whatever that's 250 KA Penguin like 777 00:39:49,040 --> 00:39:55,080 that's that's a lot of money. So I do think you could see some 778 00:39:55,200 --> 00:39:57,760 some stuff coming back there in, in my opinion. 779 00:39:58,240 --> 00:40:01,080 What if it I I didn't realize I I haven't looked at all in the 780 00:40:01,080 --> 00:40:02,960 wild, man. Yeah, I do Fidenza's like there 781 00:40:03,640 --> 00:40:07,680 were cycle. 20th last week. 28th, yeah. 31, yeah, 31 right 782 00:40:07,680 --> 00:40:13,640 now 31 is the floor, but hold on, that's not 31 E OK, I sell 783 00:40:13,640 --> 00:40:18,160 it 31 E six hours ago. Me selling to Fidenza is to buy 784 00:40:18,160 --> 00:40:24,280 whiff and selling there maybe one of the like all time all 785 00:40:24,280 --> 00:40:26,480 time great rotations like that was pretty insane. 786 00:40:26,880 --> 00:40:30,440 Is that one of the that's like that's like a Mando fucking 787 00:40:30,440 --> 00:40:35,160 sweeping those apes at one time. The 72 eighths that you guys had 788 00:40:35,280 --> 00:40:37,640 when he went like what, $1,000,000 on the floor then 789 00:40:37,800 --> 00:40:42,800 yeah, I like 10 E. Was it 10 E 8th floor 5 E 5 EI 790 00:40:42,800 --> 00:40:44,560 forgot? Yeah, it's like around 3 or 4 EI 791 00:40:44,560 --> 00:40:46,320 think it was. Yeah, the great Mando sweep back 792 00:40:46,320 --> 00:40:49,600 then that, you know, then you guys like cooked on that trade. 793 00:40:49,600 --> 00:40:52,360 That's very similar scenes here with your whiff trade. 794 00:40:52,760 --> 00:40:55,960 And you sold you, I know you have a ton of whiff, like your 795 00:40:55,960 --> 00:40:58,280 moon bag is ridiculous, like your moon bag is. 796 00:40:58,280 --> 00:41:00,960 It's like my whole portfolio, I'm kidding. 797 00:41:00,960 --> 00:41:04,400 But but like, but like, but still like you ended up cooking 798 00:41:04,400 --> 00:41:05,600 that they sold at the right time. 799 00:41:05,600 --> 00:41:07,960 You know, mother fucker, when you started selling and you made 800 00:41:07,960 --> 00:41:10,240 that tweet saying, oh, I took some mug off. 801 00:41:10,240 --> 00:41:14,000 I took some whiff off myself. I was like maybe, just maybe 802 00:41:14,000 --> 00:41:18,200 Farouk listen to OB. I didn't I. 803 00:41:18,960 --> 00:41:21,280 Didn't I didn't sell because I was bearish, I sold because I 804 00:41:21,280 --> 00:41:23,080 like wanted to take some profits and. 805 00:41:23,080 --> 00:41:24,480 Well, you were really about to have a chat too. 806 00:41:24,880 --> 00:41:26,240 Yeah. And like you know get some more, 807 00:41:26,600 --> 00:41:29,280 get a bit more cash in. It just happened to have timed 808 00:41:29,280 --> 00:41:31,320 out well with the market so. Bad. 809 00:41:32,160 --> 00:41:35,920 That's so good. The funniest thing is I the only 810 00:41:36,040 --> 00:41:39,640 reason why I sold for dentist is I didn't have access to my other 811 00:41:39,640 --> 00:41:41,760 wallets and I had access at that time. 812 00:41:41,760 --> 00:41:44,840 I would have just spent ether whatever, but it's like, oh I 813 00:41:44,840 --> 00:41:47,880 actually sold for dens which which then went down about 60%. 814 00:41:47,880 --> 00:41:50,240 So well whiff went up like 2000%. 815 00:41:50,240 --> 00:41:52,960 So I really like it's the bag for the culture at some point. 816 00:41:53,880 --> 00:41:55,480 I've I've been watching for dens because I do want to. 817 00:41:55,640 --> 00:41:58,880 I do want to buy a couple back because I actually genuinely 818 00:41:58,880 --> 00:42:00,000 like it as an. Artist you always love and 819 00:42:00,240 --> 00:42:01,040 remember. Yeah, I remember. 820 00:42:01,040 --> 00:42:02,720 Yeah, and I, I want to get the prints and stuff. 821 00:42:03,000 --> 00:42:05,440 I just haven't got around to it. But like every time I look 822 00:42:05,440 --> 00:42:06,920 they're lower. So maybe this is the. 823 00:42:07,360 --> 00:42:09,440 Maybe that's a sign that I need to get back in. 824 00:42:09,640 --> 00:42:11,440 Yeah, I feel like last week was really the low. 825 00:42:11,440 --> 00:42:14,840 Like seven days ago we talked about on the show a Fedenza sold 826 00:42:14,840 --> 00:42:17,720 for 28th and then another one for 22 back-to-back two weeks 827 00:42:17,720 --> 00:42:21,400 ago and seven days ago. And then obviously last night it 828 00:42:21,400 --> 00:42:23,080 seems like someone sold one for 31 eighth. 829 00:42:23,080 --> 00:42:26,480 So the new floor is 31 eighth. But there's I think I think 830 00:42:26,480 --> 00:42:28,480 there's going to be a point where like maybe not manic, but 831 00:42:28,480 --> 00:42:29,840 there's going to be another huge run. 832 00:42:29,840 --> 00:42:31,960 Like a lot of people like to say I had this conflict with Wiz 833 00:42:31,960 --> 00:42:33,800 this weekend. He was like, I don't think so. 834 00:42:33,800 --> 00:42:36,600 So he disagreed with me. He was like the manic run is on 835 00:42:36,600 --> 00:42:40,360 meme coins this cycle versus NFTS and he's like, you kind of 836 00:42:40,360 --> 00:42:42,120 feel it. You kind of sound like he didn't 837 00:42:42,120 --> 00:42:43,760 mean nothing by the way, right? But he's like you sound like 838 00:42:44,040 --> 00:42:47,200 when the D5 folks from 20, the run before that were saying it's 839 00:42:47,200 --> 00:42:49,800 coming back, but then NFTS took over instead of D5, right? 840 00:42:49,800 --> 00:42:53,120 And then BAYC minting a board ape, I'm pretty sure was the 841 00:42:53,120 --> 00:42:55,920 best trade of last cycle, right? If you had, if you had, you 842 00:42:55,920 --> 00:42:59,840 know, the typical minted, it held, it sold every air drop at 843 00:42:59,840 --> 00:43:00,880 the top, blah, blah, blah, blah, blah. 844 00:43:00,880 --> 00:43:02,760 There was like 300,000 percent or something like that. 845 00:43:03,400 --> 00:43:07,440 So it's like the biggest turn. And so I wonder if he's right. 846 00:43:07,440 --> 00:43:09,360 And I'm like, well, there's never going to be another manic 847 00:43:09,360 --> 00:43:11,000 run. But actually feel like NF TS are 848 00:43:11,000 --> 00:43:13,640 just like really easily adoptable thing for masses. 849 00:43:13,920 --> 00:43:16,800 Meme coins are, but you kind of rally behind a contract address. 850 00:43:17,480 --> 00:43:19,520 Very few coins might have to become culture coins. 851 00:43:19,520 --> 00:43:22,040 Like MOG is the greatest example of a culture coin and it's a 852 00:43:22,040 --> 00:43:23,520 real one. Like everyone claims are a 853 00:43:23,520 --> 00:43:25,200 culture coin. They haven't been around for one 854 00:43:25,200 --> 00:43:28,000 month yet, you know what I mean? So it's like, I think you really 855 00:43:28,000 --> 00:43:31,080 have to go through like 43 back-to-back weeks of red 856 00:43:31,080 --> 00:43:33,160 candles before becoming culture coin. 857 00:43:33,720 --> 00:43:37,760 Fuck me, dude, that was crazy. So I don't know, we'll see. 858 00:43:38,000 --> 00:43:41,400 But if my bet was that NFTS are going to see somewhat of a big 859 00:43:41,400 --> 00:43:44,160 pump and you seem to think that you said not manic, but there's 860 00:43:44,160 --> 00:43:48,080 going to be a rise in NFTS. Let's say Q1 Q 2:25. 861 00:43:48,680 --> 00:43:49,920 There's a lot of 10 XS out there. 862 00:43:50,360 --> 00:43:53,080 There's a lot of that there. So it's a it's a strong, you 863 00:43:53,080 --> 00:43:55,600 know, nine O 59 is putting in predictions in my WhatsApp right 864 00:43:55,600 --> 00:43:57,240 now. I think he's right, you know, 865 00:43:57,640 --> 00:43:59,600 what do you think stats? Do you agree? 866 00:43:59,600 --> 00:44:04,640 Do you agree on the 50s punk Penguins prediction? 867 00:44:04,640 --> 00:44:06,120 Give me a thumbs up or thumbs down. 868 00:44:06,640 --> 00:44:07,960 But what do you think about crypto punks? 869 00:44:08,360 --> 00:44:11,080 What do you what do you when do you think punks, punk start 870 00:44:11,080 --> 00:44:14,960 rallying again? I think with punks, and this is 871 00:44:14,960 --> 00:44:18,400 true for maybe like some NFT collections, you should really 872 00:44:18,400 --> 00:44:22,720 not underestimate how low the perceived free float or 873 00:44:22,720 --> 00:44:26,280 something like this is where I think you can have very 874 00:44:26,280 --> 00:44:27,480 aggressive moves in either direction. 875 00:44:27,480 --> 00:44:30,360 And I do, I personally believe punks have bottomed. 876 00:44:30,960 --> 00:44:32,640 I think punks will trend higher from here. 877 00:44:32,640 --> 00:44:34,720 And I think you'll have a moment where people start to furrow in 878 00:44:35,280 --> 00:44:39,800 because it just takes like couple of sweeps, takes a couple 879 00:44:39,800 --> 00:44:41,720 of sweeps and suddenly like the prices up a lot. 880 00:44:42,440 --> 00:44:46,560 And you know, this is not like NFT. 881 00:44:46,560 --> 00:44:49,640 These NFT collections, remember, they're not like meme coins or 882 00:44:49,640 --> 00:44:52,880 fungible tokens where you can just go come in and buy, you 883 00:44:52,880 --> 00:44:55,000 know, buy a little bit of the token or buy a little bit of the 884 00:44:55,000 --> 00:44:57,840 coin, just like buy this whole NFT, right? 885 00:44:58,320 --> 00:45:01,560 And as soon as one gets taken off, you get more of this kind 886 00:45:01,560 --> 00:45:04,960 of FOMO feeling of like, damn, someone got that one, I got this 887 00:45:04,960 --> 00:45:05,480 one. It's. 888 00:45:05,680 --> 00:45:09,160 Always like that. Yeah, that and that's that's 889 00:45:09,160 --> 00:45:14,680 just like the way arts and collectibles trade not only in 890 00:45:14,680 --> 00:45:17,120 digital format, but in physical format. 891 00:45:17,120 --> 00:45:20,080 And they have done for a for a long time, since actually the, 892 00:45:20,560 --> 00:45:22,160 you know, for centuries, probably humans have been 893 00:45:22,160 --> 00:45:24,560 collecting things. So I just don't think that human 894 00:45:24,560 --> 00:45:27,360 nature has disappeared. It's just not in vogue right 895 00:45:27,360 --> 00:45:29,800 now. But I do believe it will come 896 00:45:29,800 --> 00:45:32,080 back. And again, it's just like, you 897 00:45:32,080 --> 00:45:34,000 know, I just don't, you know, maybe it's not crypto punks, 898 00:45:34,000 --> 00:45:35,880 maybe it's not pudgy Penguins. Maybe it's a new project from 899 00:45:35,880 --> 00:45:37,760 new collection. Maybe it's not an Ethereum. 900 00:45:37,760 --> 00:45:40,240 You know, we've already had it to an extent with Ordinals. 901 00:45:40,760 --> 00:45:42,480 You know, we've already had that that run. 902 00:45:42,480 --> 00:45:44,520 So maybe it's, it comes in a different format. 903 00:45:44,520 --> 00:45:48,200 But I do think we'll see it back. 904 00:45:48,200 --> 00:45:51,200 And I don't know, part of me just thinks if you have a good, 905 00:45:51,200 --> 00:45:57,160 if you have good infos into the PTF and if it's popular again 906 00:45:57,160 --> 00:46:01,520 and people looking for good point exposure, I think you can 907 00:46:01,520 --> 00:46:04,600 see the NFC narrative come. Back if the whole like 908 00:46:04,600 --> 00:46:07,840 tokenization of all things that Larry Fink is driving in terms 909 00:46:07,840 --> 00:46:10,320 of narrative works out. I mean last week over there was 910 00:46:10,320 --> 00:46:13,440 Goldman Sachs that's that's getting involved in the 911 00:46:13,440 --> 00:46:14,840 tokenization. I don't know if you saw that, 912 00:46:15,320 --> 00:46:19,120 that headline as well. So there's, there's a lot of, of 913 00:46:19,120 --> 00:46:21,320 people getting involved into the, they're launching 3 914 00:46:21,320 --> 00:46:24,320 tokenization projects. So there's a lot of, there's a 915 00:46:24,320 --> 00:46:26,880 lot of the, the, the tokenization narrative that is 916 00:46:27,200 --> 00:46:29,880 around Ethereum that, you know, Larry Fink and Core are, are 917 00:46:29,880 --> 00:46:33,440 driving is, is or they're not driving. 918 00:46:33,440 --> 00:46:36,280 They're catching up on it because that's existed for long 919 00:46:36,280 --> 00:46:39,040 before, right? But you know, it's, it could 920 00:46:39,040 --> 00:46:42,560 really send a lot of the assets on Ethereum moving very heavily. 921 00:46:42,720 --> 00:46:45,040 The other runner that's going to happen on NFT is inevitable. 922 00:46:45,040 --> 00:46:47,240 Is is milady? I mean, you're going to, I 923 00:46:47,400 --> 00:46:49,640 wouldn't be surprised if you see $100,000 floor in the ladies at 924 00:46:49,640 --> 00:46:53,000 some point of cycle. Yeah, I mean, again, that's 925 00:46:53,000 --> 00:46:55,080 another one of those things. Just it just has a very like 926 00:46:55,080 --> 00:46:59,560 sticky holder base has this weird cult behind it. 927 00:47:00,680 --> 00:47:02,280 Yeah, it's great. It's. 928 00:47:02,280 --> 00:47:03,480 Not predicate. The value of it is not 929 00:47:03,480 --> 00:47:06,240 predicated on a team going out there executing a road map. 930 00:47:06,240 --> 00:47:09,560 It's just like the ladies remedio, like all that stuff. 931 00:47:09,640 --> 00:47:12,240 Yeah, actually, you put in a lady. 932 00:47:12,240 --> 00:47:13,680 I forgot. I forgot the end one. 933 00:47:14,240 --> 00:47:16,160 Which one you have? I have one too, I love mine. 934 00:47:16,160 --> 00:47:18,880 I have like a floor my lady, but I have a niqab remedia. 935 00:47:19,320 --> 00:47:21,480 Oh, you still have that. I love that. 936 00:47:22,720 --> 00:47:26,280 I remember when you went full like mug all in. 937 00:47:26,560 --> 00:47:29,320 It was like 1 morning right, You bought just like my ladies 938 00:47:29,320 --> 00:47:34,240 Niqabis mog and you're like, fuck it, I'll never forget that. 939 00:47:34,240 --> 00:47:36,720 I mean that is pretty well. That is pretty well. 940 00:47:37,000 --> 00:47:39,960 Surely you're one of those guys that has like had the best cycle 941 00:47:39,960 --> 00:47:41,680 thus far. So we're knock on wood for that 942 00:47:41,680 --> 00:47:47,440 to continue and and and and I'm excited to see the headlines of 943 00:47:47,440 --> 00:47:50,320 the ECTF come out this week. But anyways, I think we've gone 944 00:47:50,320 --> 00:47:53,560 around the blog pretty well. Ovie How's how's fatherhood? 945 00:47:55,160 --> 00:47:56,120 It's good. It's the best. 946 00:47:56,120 --> 00:48:01,920 It's it's a lot of fun. It's, you know, the thing that I 947 00:48:01,920 --> 00:48:05,560 found most in the last couple of weeks is like, it's very hard to 948 00:48:05,560 --> 00:48:09,760 like organize and plan things. It's like everyone's like, oh, 949 00:48:09,800 --> 00:48:10,960 have you had like so much time on Twitter? 950 00:48:10,960 --> 00:48:13,320 It's like, yeah, but like, I don't, you just never know when 951 00:48:13,320 --> 00:48:15,280 you need to be, like, on call to do something. 952 00:48:16,200 --> 00:48:17,600 Yeah, yeah. Hopefully as she gets older I 953 00:48:17,600 --> 00:48:20,800 can get a bit more of a routine. Yeah, look at that, already 954 00:48:21,240 --> 00:48:24,600 forcing the poor little baby to watch the English football team. 955 00:48:24,960 --> 00:48:25,880 She loved it. She was. 956 00:48:25,880 --> 00:48:27,760 She was full on watching it. I love that. 957 00:48:28,320 --> 00:48:29,160 Yeah. Daddy's. 958 00:48:29,360 --> 00:48:33,360 Girl daddy's girl for sure. I love that. 959 00:48:33,360 --> 00:48:35,520 That is so cute. I'm pretty sure it's a photo of 960 00:48:35,520 --> 00:48:39,680 my mom and me like in front of France match like similar to 961 00:48:39,680 --> 00:48:40,800 that. I I love that photo. 962 00:48:40,800 --> 00:48:43,000 I thought it was super cute. Absolutely love it. 963 00:48:43,000 --> 00:48:45,840 So congratulations, Ovie. And and that was a good one. 964 00:48:45,840 --> 00:48:48,080 Listen, we'll pick a winner real quick here. 965 00:48:48,080 --> 00:48:50,280 Just tell me when to stop. We'll pick just a winner here 966 00:48:50,280 --> 00:48:53,800 for that's following stop. All right here. 967 00:48:53,800 --> 00:48:58,160 So Kama kamikaze. Oh, I oh, I know you listen to 968 00:48:58,160 --> 00:49:01,000 the show every morning. So kamikaze here for for Bernie 969 00:49:01,000 --> 00:49:03,960 in the back end, $100. Congratulations, you win 100 970 00:49:04,680 --> 00:49:09,280 bucks entrepreneur then web two web three board APR club MAYC, 971 00:49:09,280 --> 00:49:11,400 let's go. Well, you win 100 bucks and you 972 00:49:11,400 --> 00:49:13,400 retweet That's perfect. You retweet all the shows you 973 00:49:13,400 --> 00:49:14,280 absolutely love to see come back. 974 00:49:14,280 --> 00:49:16,440 Kazi, you win 100 bucks for this in the show tomorrow morning, 975 00:49:16,480 --> 00:49:18,440 Robit Lube box pins. We are so back. 976 00:49:19,040 --> 00:49:20,440 You obviously love to see it. Ovie. 977 00:49:20,600 --> 00:49:21,800 Thank you for coming in last minute. 978 00:49:21,800 --> 00:49:24,280 That was a lot of fun. I'm glad we got to talk all 979 00:49:24,280 --> 00:49:28,000 things ETFs crypto market, yada yada. 980 00:49:28,000 --> 00:49:30,280 And with that with that with that, we'll see y'all tomorrow 981 00:49:30,280 --> 00:49:32,280 morning, 10:00 AM Eastern Standard Time for the episode of 982 00:49:32,280 --> 00:49:35,280 FOMO hour on rock radio. Let's go.