Oh yo-yo, what up? What up?
Good morning. Good morning.
GMG Wednesday May 15th 20 20 Four for all the fucking bears
out there 2024. Look at that.
Another beautiful day to have a beautiful day.
I got my Co host in the house. I was gonna say 07.
I saw you say 07 men. It's like my the one liners in
700 shows, right? And now I got to like, retrain
my brain. Hold on.
Retrain your brain. I got my clothes in the house.
Tyler Mando. Wait.
Mando. Tyler.
Tyler Mando. How you guys doing this morning?
Good morning. Jim, it's a green morning.
We're feeling good today. Ready to bash some bears with
you here? Oh yeah, See, I knew I like this
guy. I knew like opens his first show
that we think they're Bash Some Bears ads.
Mando, how you doing today? Doing great, doing great Green
Day. Green Day.
Green Day feels good, right? Green Day feels.
So by the way, great band, Green Day Canadian band.
You know who wanted to be an American?
Indiana. Do you know the band Green Day
Mando? Do you guys used to listen to
that in Europe? Oh yeah.
Oh, OK. Sick fight?
In Europe. I don't know, man.
Your repores. Don't you know this?
It's different environment over there, though.
Wait. I mean, wait, what?
I think you're lagging. No.
Oh, well, it is lagging again. Fernando.
It's OK. Blame Lisbon.
I have to resake my whole Lisbon move here because this is not
the Internet I want to. I want to be with.
I got I got to rethink this whole like moving to Portugal
thing. I may move to Portugal once and
only once they have proper Internet.
Tyler. You'll notice this has been
happening for a while. There he is back.
Maybe the duck background works, Mando.
No, it's still the Wi-Fi extender.
I just haven't. I haven't figured it out like I
generally haven't. Like this is not Lisbon White
going to Lisbon. Internet speeds are amazing.
There is one of the few places but the Wi-Fi extender is crap
that I have it seems, even though I got some like some
disgustingly big one. I just don't know why it's so
slow. I need to sort it out.
You know what it is? It's like Mindo house is so big
that the Wi-Fi doesn't extend anymore.
I love the background. Just got the epic duck
background with Triple. It's just incredible.
Build in for me. Build in for me.
This is so good. Anyways, I love that host
technical skills are completely their own.
I mean, look, I'm. I'm still gonna have to revisit
this Portugal thing. I mean, if there's any
Portuguese people in the room right now with us, can you
please tell me if your Wi-Fi works or not?
Because as long as mindo's been moved to Lisbon, we've had, he's
had Internet issues. It's not even his own fault.
I mean, the guy pays for the most expensive Internet in
Portugal, I'm sure. Anyways, today on the show,
today's oh wow, we have a show for Y'all today.
It's on the show Daily Market report.
Obviously we're going to talk about the CPI and all those
inflation numbers and this and that you guys love talking about
because clearly they came in good because we are up and off
to the races positively this morning State of Wisconsin has
more conviction the 99% of UMF is on the timeline.
We'll talk about that too. Vanguard appoints Bitcoin
friendly CEO who works on the IBIT ETFs.
I saw you post that Tyler this morning.
I had that in my drafts for my fantasy top.
I snoozed, I lost and coin base sees billions of BTC leaving
exchange. I'm hearing there's only 40 BTC
left on the OTC markets we have. What do we have?
I mean, we have even on the trad part or macro part, we have
Biden this morning accepting 2 LB for pound fights.
I'm here, they're going to fight rookies setting up the crypto
Fight Night. I'm hearing they're going to
fight pound for pound. I mean, that's going to be
interesting, but that also makes the whole thing, you know, very
interesting with Boden actually pumping quite hard on the back
of that. So they're going to be going
back-to-back with two debates. Tornado cash developer guilty of
money laundering which is crazy. Free him.
You have a bunch of other stuff and then and then and then all
its memes and dreams. I mean we're mid fantasy top
tournament right now Mando I am starting you for my comment
tournament. I need you to tweet more.
Tyler you're cooking. You have.
I mean you have a bunch of memes flying.
I just mentioned Boden Cause Biden.
Get it, A bunch of stuff going on there.
Gil. Remember the Gil Gordon's Amanda
Gila? Well, they just launched with
$1,000,000 worth of prizes and it's a part of our titles.
I just saw that. So that was funny.
And then last but not least, we will be joined by Forbes today.
Forbes Menuel, I believe from Forbes is going to be joining us
to talk about the cabal. Just kidding.
We're going to talk about the Forbes list that they put out
not long ago and what they're up to and what's happening.
So I know a lot of people were tweeting about it, talking about
it back then, so they're joining us as today's show partner to go
over everything they're doing in the space.
Which actually is pretty cool if you ask me.
Last but not least, this show is powered by Moon Pay to buy, sell
your crypto with PayPal, download the Moon Pay app.
Hell yeah, we talked about onboarding armies.
I mean these MFS right there, they are doing the job anyways.
Anyways, Anyways, without further ado, let's get right
into it. Can you dig it?
GM everyone So looks like a stronger day.
We had, we'd been selling off slightly into that into that
figure we'd kind of hit a 63 K ahead of the CPI figure that
just came out. This was the yesterday we had a
slightly hotter inflation figure for wholesale prices.
Today it was right on the money is what everyone predicted.
I don't really know. This is kind of what I said
yesterday. I wouldn't read into this like
too aggressively like the numbers would just came in as
expected and we've rallied off the back of it.
I think the main thing that we that you can read into is that
we saw probably the biggest single inflow day in weeks.
I think we saw 100 million of inflows which we haven't seen
for at least three or four weeks.
So it always been very, very small numbers before that and
actually we had outflows before that.
So it was that's been the main thing we just saw like a big,
big inflow. There'd obviously been some
headlines over the last 24 hours about Wisconsin coming in and
buying, which I thought was just kind of wild and maybe that
caused other institutional people to get on board, I have
no idea. But yeah, that was that was the
main thing. We just saw an inflow day spot
buying. There was also a massive, I
think, I think something like the third biggest outflow day as
in Bitcoin leaving the exchange for Coinbase this year.
So spot buying was what was driving us higher mainly on
Coinbase. It seems money believing
exchanges is normally a very, very good, good sign and then an
inflow day on the ETF. So just like a positive reaction
to what I would say was an inline number and that tells you
a lot. It tells you that we were
positioned to kind of bounce there.
What I think here is exactly what I think.
Yes, same as what I think yesterday.
I'm not reading into this and being like we're going to 100K
or the banana zone and I think you got to be wary of like
buying into into like some very aggressive narrative off the off
like one day of ETF inflows and and A and a fairly benign figure
like 3.4% is kind of what everyone predicted.
But I do think that I do think you had no regrets.
Mike Novograts who runs Galaxy came out yesterday and he said
he thinks Bitcoin is now going to consolidate for for a while
between 55K and 75. Ki agree with that.
I think we're here now in a range for a while if I'm honest,
until we start to see persistent substantive inflows, today was a
good day, probably means that we're not going down to 55 K
anytime soon. But I'll be very unsurprised if
we kind of range between that those two levels for for for a
month or two or maybe even until the summer here.
But that is good, right? I think it's good but like we
did that for months last year and the timeline literally
wanted to kill themselves. So yeah like it's it is what it
is really like if you're prepared for it it's good.
If you're imminently expecting 150K Bitcoin, you know maybe
it's bad but I do think that you've got to got to probably
consider a world here in my opinion that we we're still
going to be range bound. I may be like, I'm I'm
predicting that I'm still obviously massively bullish
crypto. I'm not saying like oh you know,
sell your crypto. I'm just telling you that in my
mindset right now is not buying into into momentum, just
chilling in spot, choosing spots in meme coins where I think I
can make 10X or like esoteric things where I can make a 10X.
But in general, just yeah, not not using leverage that much,
just just kind of cheating. Matt I don't even remember last
time I cracked leverage up. Not gonna lie.
Months, months, months. Like I don't remember last time.
I literally traded with leverage, even slightly.
Like even as a try. Like I used to toss trades for
fun. I remember I don't even remember
last time I took a trade. Mando.
I think the last thing I took was yesterday on Fantasy Talk
and it was like a tiny little baby trade.
I took profit on one card to buy more cards from heroes from
different heroes. Like I have not traded all
April. All I did in April was actually
buy more epic duck, not even kidding.
That's the only thing I bought in April.
And we were travelling a lot between Dubai and Paris and Hong
Kong. And in May, I mean we're half
midway through Maine and I still haven't bought anything.
I mean Tyler, are you, are you do you actively trade, do you
leverage trade activation? What's What's your play here?
I don't leverage trade. I view like meme coins and
entities as my levered bets on those ecosystem currencies.
So I I'm and I'm just not good at trying to time you know
10XA100X longs on anything. I'm kind of with you.
So I I was deep in it, you know through the winter and spring
and then I kind of stopped doing the the the meme coin training
to a degree. But like, we gotta get back out
there and like, I kind of lost that muscle memory of being
ready to to to be fast and fire on some of these tokens.
Like, I guess it's Rome's birthday and the token pumped
70%. Like that's an easy narrative
that we could have jumped on, right?
Like I missed all like the the Roaring Kitty and GME stuff just
because I wasn't. I didn't have the muscle memory.
I wasn't there. I wasn't used to logging in and
just clicking the green button. And if we're going to be here
all summer chopping, which I think I tend to agree with with
Mando that that seems to be the set up.
There's going to be opportunities and the options
are going to be in the meme coin streets most likely along with
some other consumer crypto apps. We'll talk about Fancy Top
later, but you got to be ready. And so I think we got to, we
really got to get back out there broke.
Yeah, I I saw. So I think Mando, you're talking
about this consolidating period, right?
Like I saw it yesterday this this chart, right, which was 210
days of consolidation last year and then is that?
What you were going to be like that like I do think we're going
to see. It would be tough for me to
imagine that that we're not going to see more like
substantial Bitcoin ETF inflows. This feels like we're going to
like. I still think we're going to
push on, but it might just take a little bit of time.
That would be like Max Payne. 210 days was.
That was what, seven months That was.
That was pretty wild. I don't think we'd do that, or
at least I'm just praying that we don't do that.
But this is the thing about being in crypto for a while like
you actually, you realize that there are periods of boredom and
you just can't quit during those periods.
Like, you've just got to. You've got to have the mentality
that like the up, the up periods are often much, much shorter and
the then the chop periods and for me I feel like we're we're
entering one of those chop periods and you just got to have
patience. And I mean which jumps out to me
is I think a lot of folks have the thesis that they think Q4
is, is when we're going to pump or perhaps Q 1/20/25.
And I guess, I mean the reality is four to six months of chop
like is aligned with that theory, right?
Like that means you're going to chop into those quarters and
then things are are going to jump.
So I don't know, it's like it's painful in the moment.
Luckily we've got, you know, fun shiny new objects to to keep us
busy. But it it does feel like it
might be kind of a boring summer, I mean.
When you think about it like and then Nomando back then like we
talked about this with you over and I and you guys didn't like
say yeah cycles do repeat themselves was always the case.
But like the post having cycle is usually always the same
thing, right. Like from what we've seen prior
to this, there's like this consolidation period and then it
goes higher. I mean for what it's worth like
what I picked up in Asia and I asked the same question everyone
like every time I talk to a fund or like a large trader or
whatever and got to have a lot of these conversations out there
is was like hey, So what do you think about the credit market?
Like I really ask that to everybody when I meet them and
everybody seems to say the same thing you guys were saying it's
like so many consolidation period post having and then and
then the market's going to resume right?
And and it allows for consumer crypto apps like you're talking
about Tyler and meme coin right. This whole social fi pumped up
fun meta to to actually thrive which is actually not that bad
and and so I guess so this is what we're seeing right now ever
since. But anyways so let's start on
the market side. Look, CPI numbers came in and
says everybody's ACPI expert. Now actually, you know what?
Tyler posted the numbers. I mean, what does?
What does? What does this all mean?
Like, I'm not gonna lie, I've been asking the same questions
for three years now to the boys. I still don't really understand.
We is this good? Bad CPI came under.
I mean, what does this all mean? Mando Tyler open-ended question.
What's next? Like now?
Now what? Man, I mean, you, you're the
expert here more than me. I just knew that if we were
going to come in over that number, it was going to be bad.
If we came in under, it was like going to be good.
And it seemed that binary to me. I'm sure you've got more, more
new ones. So, yeah, I didn't see that the
monthly came in slightly under, but like this was, yeah, this
was just kind of on the on the money I think like maybe
slightly under, yeah basically looks very, very close to what
it was pretty good. It's just to be honest to me
this seems like a kind of a nothing number, like this was
what everyone was expecting. It just means that the Fed is
less likely to raise rates. That's all it means and we had
that commentary already yesterday.
So I don't really think you've learned that much.
You know, I'm just trying to see what macro has done on the back
of it. But I imagine it looks like on
yields are down a little bit like nothing crazy that that
they are down and looks like futures are up half a percent.
But again like if you're seeing on the timeline we've seen like
wild predictions like from Stagflation to like we're going
to hit growth is going to go absolutely bananas or we're like
money supply is going to go crazy.
My view is right now just macro is should kind of be in the rear
view mirror. I just feel I know that it it
just doesn't seem like much is going on for me macro like this.
I remember times where you'd have massive misses or massive
beats and it felt as though we were either.
We were very, very close to a recession.
To me we're talking about a a light slowdown maybe here, but
nothing that should like 'cause crypto to go to 0 or anything
like that. Like the the the Kobe the way he
painted the other day which is like this like horrific period
now of like Fed changing his policy.
I just don't see that and I don't see some money printing.
Everyone goes crazy policy either.
At least in the US, it does seem to be the case in other
countries. So yeah, for me this is just a
benign figure and and but but slightly bullish people just
looking for for reasons why crypto's going higher rather
than actually directing it. I think maybe why I'd say it's a
little bit more than just benign is I feel like there's just so
much fear and and folks are just so worried about the next metric
or the next headline that's going to just you know tank
markets that seemed I I saw a headline S&P 500 hit is at all
time high So it's just chilling at all time high like everyone
is just waiting for like OK what what bad is going to happen to
knock it off that and folks were worried that inflation was
running high and they thought it was going to be reflected in the
data and it turns out maybe it's not that bad so maybe we can
keep maybe we can keep this rolling.
Yeah. I.
Think I think people are tripping a little too much, but
that goes back to what we were all talking about yesterday.
Like maybe people just need to go away or stay occupied like
just build or focus on your work.
Like I I was talking to some friends about this yesterday.
I was like look like, even me personally like it is an
uncomfortable position when you're like, well just a few
months ago I was up like a ridiculous amount.
And then yesterday all time low doom posting and reading on the
timeline and I did feel something.
I was like, damn, like, and I don't mind you probably saw it
like I was talking about it with OV and DS and Co and I was like,
well, it does suck, right, that yeah, there was a Oh yeah,
puppets was just like half a Bitcoin or Solana was just two
10215, right? Or whiff was just $5.
Yeah, I am up like couple multiple silent figures and
you're like shit. I could have, would have, should
have again Oh, did I do it again?
Did I miss the top again? Did I do this again.
And so all these thoughts start coming into your head, right?
And I, I I'm talking about myself.
This is how I felt yesterday. Like the last two days kind of
suck because I was like I was not like pants but just annoyed
right? I'm like fuck did I do, did I do
it again? Like did I do 2021 all over
again Am I going to round trip a multiple 7 figure bag again
right. And so you you start thinking
like this and then you wake up this morning and bitcoin's A65K
and you're like let's go. So I don't know, I, I, I, I'm
just sharing this because I'm trying to study myself because
I'm a bull tard and and like it's really a weird position to
be. But you know one thing I'll
never be guys, it's a bear. And let me tell you something
about the bears on the timeline. OK.
And that's something I was talking about with Mando and and
Tyler before coming on is I cannot believe that these people
are leading people to the chop house and making all these
people, these sell their hard earned coins.
And that's why I always talk about this, right.
There's something between being a realist, which is like, OK,
you got to be cautious. You got to be real about the
state of the market. Like Mando and Tyler come give
you numbers. They said data.
You study the data, you make a trade, right?
And there's this. And then there's calling with
half a million followers and calling for a top.
And what you don't realize is we're pretty fortunate.
I'd like to think all three of us like we've doing, we've done
good, we're doing good and we're going to continue doing good
because we're busy. We've got work and stuff.
But the average Joe that locks into Twitter once, twice a day
to see how the timeline is doing makes $80,000 a year if as much
has a tiny little crypto portfolio and gets shaken out of
the hard earned coins and then wakes up and sold it yesterday
at 61K and wakes up this fucking morning and it's 65K feels like
shit. And I and I think this sucks and
This is why you guys see me like hate bears so much.
Bears fucking suck dude. Like you're out here calling for
a cycle tub. We haven't cycled yet.
Like if the cycle is done now crypto's finished like there's
no industry. I don't know how you guys feel
about this but cycle cycle like I look at I look at crypto now.
150 Soul $130.00 Soul. It's over 152 soul.
You're excited again at 65 K Bitcoin.
You're excited at 61 K Bitcoin. You're it's over.
Like, I this is what really pisses me off and why I'm so
euphorically bullish on a timeline on purpose.
Like I push the bullishness on purpose, though I'm cautious,
more cautious in the back because dude, like it's crazy,
man. It's crazy.
Like all of a sudden. Imagine you sold everything
yesterday how you felt today. You'll probably get another
crack at the prices from yesterday again in a few weeks.
But. I think what you're saying
you're railing against is like people with influence are
bearish. And I think the thing about it
and even traders, because I think a lot of people who are
bearish are actually traders. They're like they're day traders
who see some sort of a pattern and they they think it's going
to go lower. And I think one thing that I
would notice and this is throughout my creating trading
career assets in general go up right even crypto they generally
go up And like at least the the majors if you're going to be a
bear in any market you're going to have to be an incredible
trader. Like the you have to really time
things because you're really buying something to hope to buy
that dip. And not only do you have to be
right on the on the on the times where it's going to go lower but
then you have to be right on closing that and then flipping
long often like you can execute being bearish right let's say
Bitcoin to 60 K I'm bearish. I put on a short from 60K to 55
Ki make money then it goes to 100K right?
I may have felt felt like I was a good trader because I made
that money from 60 to 55K but then I miss out on the 55 K So I
think one thing I would say about bearish takes is that they
are by nature short term and that people who pushed them, I
think they have to be you know, you just have to be aware, wary
of like when to when to push them because normally you have
to be a great trader. Like unless you think Bitcoin is
literally going to 20 K and is never coming back then I don't
think you should be like pitching short term bearish
views. I think what I said it's just
like maybe die up and down the risks like the you know, but I
think right now, right now is the time for for being in spots.
So I I would agree with that. I think you just you've got to
be, if you're going to have a bearish view, you've got to
understand that if I have a following that they might follow
it and they're not going to be switching bullish like the next,
next day. Yeah, I mean.
In the other way, maybe when I'm really foolish, some of my
followers will not sell in time, which sucks.
Also, like, it goes both ways, right?
But I just think that, you know, it's a.
All I would say is you should never, never fucking never price
your portfolio at the top, man. You'll always do this.
You like you. Always.
Do this right. Always benchmark.
Always get yourself. To the top benchmark and you're
like, right, This is this is it like in general as well in
crypto it's like always have like right 30% discount on one
and have 40% discount. I remember at the top of the
board apes, I'm pretty sure me and Obi had like 50 million
worth of board apes, including the coin, right?
Like, and I remember turning to him being like we and we
couldn't sell it either. Like it wasn't like it was an
easy sell. It was no blur.
Yeah. So and that went then
subsequently went down to like 15 and then bounced from there.
But like you cannot, you cannot price yourself at the top of
this stuff because you will just you'll the paper gains and paper
losses, they come and go as quickly as they possibly can.
Like if you are living on those paper gains then then it's
you're going to kill yourself in terms of your mentality.
Yeah, paper gains is the worst thing to look at.
Anyways, Speaking of paper gains, I mean, not Speaking of
paper gains, in case you missed it.
In case you missed it more, you know I'm going to keep, I'm
going to keep y'all shoving fucking bullish narratives down.
Y'all's throats, OK? Because there's ducks out there
calling for psycho Tufts and it is not.
I'm not talking about the epic one, but in case you missed it.
So Liam Ramsey was announced as the next CEO of Vanguard, their
first outside hire. So Liam was previously the head
of Black Rock's global ETF business.
Vanguard was notably the most anti crypto of the major invest
managers under the current CEO. What if, I mean, look at this
chat, look at him. This guy is going to be bidding
your Bitcoin with Vanguard while you're trying to sell your
Bitcoin. All right, so be careful with
your corners. So I saw this yesterday on the
last positive news, though I didn't see this headline as
well. So look it, it's looking more
and more likely this Theorem ETF is not happening this month
because the SEC is like doing everything they want.
Their that. I mean Gary Gensler is working
overtime to deem Theorem of security.
Theorem is not a security, but they want to make it sound as
such. So it's not looking great.
But boys, I saw that the deadline for BlackRock is what
August? What do we think if this has
happened in May? Do we think there's a chance
happens in August? No, I think, I think we're
talking end of the year, if I'm honest.
Like I think I think if they reject it now it's going to take
a few months or so to like I think BlackRock in their
application actually asked could this because you can set up an
ETF with securities, right, Like doesn't have to be a commodity
for it to be an ETF like you have lots of stock ETF.
So BlackRock actually asked I think a question being like is a
commodity or a security. My guess is that BlackRock might
be working with the SEC here and they know that it's about to be
classed as a called a security and then BlackRock might turn
turn into the bad guy. That last piece of news that you
said I think was was maybe even bigger though, which which was
like Vanguard. Vanguard are massive, right?
But Vanguard have like 8 trillion of assets and #2 to
BlackRock and they've been very against, very, very against
ETFs. Sorry, very, very against
crypto. Their CEO left.
They brought in this new guy. If they did an ETF, it would be,
it would be, it would be big, it would probably be about the size
of black rocks, I imagine. So you're probably adding even
more AUM to all of this. It's it's massive folks.
So like my my old 401K is through Vanguard and I I can't
buy, I bet I can't buy the the Bitcoin ETFs in that retirement
plan and I'm one of millions of Americans in that situation and
I I, I I just hope people don't underestimate how big you know
this this could be like that that's the biggest headline of
the day. So like, yeah, we we might chop
consolidate all summer, but long term Tri horizon this is this is
going higher if these guys start buying, yeah.
I mean, man, in Asia, they're obsessed with Bitcoin, dude, and
they're so expellish on Bitcoin over there.
I mean Hong Kong loves Bitcoin. I mean literally like I had
meetings with people that represent invest HK.
So by default like the government and they're like
trying to help crypto companies move into Hong Kong.
Like this is like me reporting to you guys live from the
trenches. Like I was there, right?
I'm I, I, I, I make these trips to go see the feeling and how it
is all around the world, you have places where they literally
want you to move there. They will help you pay salaries.
Like there's a place called Cyberport in Hong Kong, which is
where Anamoka is their their headquarters went to visit Yat
and men over there and they literally will help you move out
there and will help you pay salaries for your employees,
will invest in your company, will incubate you, will
celebrate you. And so over there it's like
super bullish and you come back in America and you have to read
this timeline which sometimes drives me insane.
And so the best thing to do is really just like you know B
check. And I was kind of going back and
forth about this on the timeline agreeing with one another.
It's like this is the period where just pick something up and
get busy, right. If you're in school university,
cause a lot of people are like younger and you don't have
obviously universities done for the rest of the summer just
enter it at a fucking crypto company or something and stay
busy anyways. So to go back to macro and
crypto and then let's go to to our memes all its memes dreams
and let's go back to our to our to our fantasy top here because
I I'm I'm really curious to hear a take on what's going on here
Tyler. But you have MC stock is down 25
points today and you have GME GameStop down 30 something
points today. But Roaring Kitty posted a video
I don't know if you guys saw 15 minutes ago which is actually
crypto related. So I I I don't know.
I don't know is he going to move all the masses to the crypto
side? I mean this this.
It's the first time there's like a whole mention of crypto in one
of those videos. My.
Side and you haven't heard my side yet.
You haven't heard any of it at? All You're a drug.
Dealer No. What?
How? What?
Yeah. How else could you possibly make
that kind of? Money.
That was such a good job, by the way.
Marijuana. That Pinkman kid.
No. Oh, my God.
Walt. Cocaine.
Crypto. Is that what I mean?
Memes, right? See Crypto beams manufacturer.
I'm not a dealer. Oh my God, there's a lot of.
Angles to this OK, it's complicated.
Let me the hell out of here. Before I throw up.
So, so, So what do we think here?
I mean, for those of you who didn't, who are not on video,
you kind of have to like watch on video because he replaces
like what they're saying. When he talks about cocaine, he
it's crypto. It talks about menophenamines,
he means menophenamines. Are we seeing is he going to
shift all this attention to crypto here?
Because this is the first video first, all of them.
He's the first one that directly talks about crypto.
Amanda, you muted. No, I don't think so.
I think he's, I think he's, he's he's still for the stocks, man.
I think he's still for stocks. I just feel like he should stop
posting videos. I know.
I think she's starting to feel that, too.
I'm already. Like it It feels so different
from like I wasn't following him super closely and in 2021, but
it's just these random videos now that they're pumping.
Like yesterday's video had GameStop in it and then GME
Token did pump like 30%, like immediately when he posted that
video. Then it it it fell back and and
now this. I don't know.
I feel like folks are starting to get a little more skeptical
of this. We need to see a little more
substance here soon, or folks are going to stop buying into
it. It's only.
Doubled in two days. Like this is like this is like
insane. Like I don't know.
I I'm just wondering what happens next in that thing
because you know what was it what I read that what the
GameStop pump over a month happened over 2 days this time
around like you know last time they squeezed it up to like I
don't know how much it took a whole month right.
And then like you know and now you have this is that game he's.
Anywhere near where it was before, right?
I think GMA went up like 1000. Oh, something crazy.
What did GME go to? No, I went to.
Yeah, GME went to 100. Looks like I think even more I
thought it. Went up way more than that.
Yeah, yeah, it went. Up to Oh no, 81 USD, what am I?
Maybe. Maybe I don't remember it
correctly but I think on the day there was this is on a daily
candle so you don't see the intraday but they were like wild
moves intraday as far as I remember.
I'm pretty. Sure, I saw in the two hundreds
one day like intro. But yeah, I.
Remember something crazy like that, right?
I'm pretty sure intraday all time high was like intraday
ATHGME. Let's see, I don't really know,
but I'm pretty sure intraday like we saw it go like way
higher than than than a than 100 bucks.
Forgot what it was. I don't remember it.
But hey, hopefully this this oh Jeremy had a four to one stop
split. They also had a four to one stop
split since. OK, that makes more sense.
So that does mean they're way higher than the Ath now, yeah?
So shares of GameStop, which hit an all time intraday high of 120
in January 2021. Yeah.
So they they've already reached the all time high, which is
insane when you think about it. They're then 48 hours versus
last time. It took a whole month to make
that happen. Oh, I hate when this MacBook
done. I'm back.
Am I back? My I go, we're so back.
Anyways, first that. All right, so let's talk about
all streams and dreams. I mean, Tyler, what's the TLDR?
Give us the alpha. What is happening on Fantasy Top
right now? What's the what's the state of
the of the tournament? You have a crazy line up.
Yeah, so you probably saw your favorite influencers start to
tweet a lot more yesterday evening and into this morning.
That's because the main tournament 2 did begin at 5:00
PM Eastern yesterday and it did come with another all time high
day of trading volume and a record number of active traders.
But the the floor prices did take a hit on the day.
I think some notable stats just to start us off.
So 19120 ETH in trading volume, that's over 5,000,000 bucks.
7200 traders, 12,699 players registered for the tournament so
that's down about 6000 or so from tournament one.
I thought that was pretty interesting card floors as I
know the word down. Zeneca did a great tweet so so
go check his out if you haven't already.
Some some summary numbers. 76% of the cards are down on the
day, 41% are down 20% or more and just 9% of the cards are up
20%. So he he's got the whole
spreadsheet and he's running back the whole 2021 arc with his
spreadsheet price updates the I think there's a little bit of
maybe confusion might be a strong word I think so perhaps
some surprise on the scoring algorithm.
So it does seem like the active tweeters are perhaps getting
rewarded more than folks thought they might be.
So you can see some of them at the top of the the leaderboard.
And then I think probably the most interesting slash fun story
out of this is Franklin's board is trying to break the game.
So he started out by auto scheduling videos of himself
reading out the time and posting them every 5 minutes.
So it looks like he's going to do this for the entire
tournament. And then he he posted a a video
of a video link of himself sleeping and over 2000 people
were watching him sleeping this morning.
So see. You in 5 minutes.
Oh. My God, dude.
I I mean, don't. I mean, kinda had to play it
right? He made 144 videos.
Assuming that he he can use the same video for like 6:05 AM and
6:05 PM, it's a incredible dedication.
Where is the video of him sleeping?
I want to see if he snores. It was at like 7:00 AM this
morning, so you're gonna have to.
It's so hard to scroll through his feed, I found.
It So it's letting him sleep. I don't get it.
Look, what do you see him. Well, Franklin, blink twice if
you need help. OK.
So that is some of the that is the most absurd thing I've ever
seen. Let's look at the standings
here. So so this is like the updated
one. So you're right.
I guess they're. Oh, there you go there there's
23. God damn, you're whooping our
asses over here. Sheesh 23rd.
I'm. I'm down there because I guess
you're going to tweet a lot. Like maybe I should post like
auto post 30 minutes saying Mando what are we going to do?
We don't. Even tweets?
Oh. There I am 109.
I mean, I was like 130 something.
So that's. I'll take that.
God damn it, Mando. Oh, there it is.
What 27? There's Mando.
I mean how?
Many How many people are there? I'm just thinking 100 and. 4000
and. 40. Yes, you're you're in the bottom
third. You're you're both in the bottom
half. So love you guys.
You're you're terrible performers so far in this
tournament so far. I'm really gonna need you to
step it up because I think you've only got 2 legendary
cards and I've got one of them. So you are my primary
differentiator. I am, I'm doing all right.
I am in 200th place right now. 3456 times already.
It's 10 AM Jesus Christ man. How many times am I meant to
tweet? I see Pancakes right now in OK,
let's let him up on stage. Pancakes is here.
He's requiring requested. This being Pancakes Bra is
cooking right now. I mean this Fantasy top
tournament is off to I I'm having so much fun playing this
game. Honestly, I love it.
I think that's what the people need right now in this market.
Pancakes. What's up dude?
Hello, how is it? How are you doing?
I'm doing. Great, man.
Dude, you're you're on one. You're on one.
Yeah, dude. Oh, dude, they they they woke up
the boogeyman. What's the secret?
What? What's the offer here?
I I don't know I I just they I didn't OK so fantasy top drop
right. I didn't even know I was on like
a part of the game and I I woke up and people were like tweet
more bitch. I was like what?
And I found out that was a card and I I kind of faded it at 1st
and then I looked and I had made like 4 ETH and I was like oh
this could be fun. So I just decided to go in and I
I've stopped like I stopped trying to build my account like
6 months ago. I've been working and founding,
doing other things, but I was like, this is fine.
I'm taking a break from everything right now.
Like I'm not working or anything at the moment, so I'll just
start tweeting like I used to, except a lot more.
So yeah, I don't schedule tweets or anything.
I just kind of tweet whatever I'm feeling at the moment.
Like I just kind of, you know, Yolo it.
And so far so good. All right.
I like you. I guess that's the secret, man,
though. We got to tweet more.
Hey. Broke I gotta jump in.
So I Franklin. Franklin was in my space for
like 3 hours tonight. We were talking and he, he's
trying to game the system by tweeting like every 5 minutes.
And I was like, I don't know man, like, 'cause I'm, I'm above
Franklin in the rankings I think, and I have substantially
less followers in him. But I was like dude, like what's
always worked for me is tweeting like about once an hour and it
being a very well thought out hopefully banger.
But he's going for pure volume and I was you know it's working
for him to a certain extent, but seems like you need and he's.
Working hard well. You need, I mean, I mean, yeah,
yeah, but you need reach as well as like, volume.
So in your like, Twitter doesn't let your tweet cook unless you
leave it up for about an hour before tweeting you again.
So I. See I.
Didn't realize pancakes was going to lean in so much, so I I
had about 15 pancake comments. He was way too cheap and I just
didn't know that he was gonna, he was gonna lean in this much.
I sold off about 10 egg all over my face.
He's It's taking two. Months.
That. Is so funny.
I mean, let's look at your deck. I mean, how much have you spent
on this deck, Tyler? So I I only put in like 2 to 3
ETH and then I rolled your legendary and then I was like OK
I could actually make a run at this game now.
So I put another like 5 to 6 ETH in mostly in that the team that
I put for the deck so the I mean the epic Zeneca is probably like
2 to 2 1/2 ETH. Celcus is probably 2 ETH rare
Gen. Or right now.
What are you ranking right now in the tournament like in as a
player? I'm like 199 right now so it I
need Sakas to step it up. If Sakas steps it up, I can.
I have a legit shot to get like top top 20 Sakas.
Is not tweeted right. He hasn't do that a.
Few times. But like I need him to go viral.
Like I need him to get into like a hot political crypto debate
and and really take over the timeline here, I mean.
Speaking of hot political debates, I mean, Mando, what do
you what do you what do you think about this one?
Trump accepts Biden's challenge for presidential debate next
month. God damn, I think you were big
on boating for a moment that seemed to have pumped quite a
bit, but that's pretty crazy, Trump quickly replied on truth
social I'm ready and willing to debate, in his word, Crooked Joe
at the two proposed times in June and September.
I would strongly recommend more than two debates and for
excitement purposes, a very large venue.
Yeah, I think there have been some talk that Trump would,
because Trump hasn't done any of the the primary states, I
believe. So there was some thought that
he might also avoid it. Like Trump's not a young guy
either, but maybe this is Biden thinking, Yeah, this is the he
people did say he did well in the debates last time around,
like better than expected. So maybe he's going for that
this time, I don't know. Depends how much they're
moderated or not. I mean, as a completely neutral
observer, I I wouldn't say that talking in public is is Biden's
strong point. Yeah.
What do you think, Tyler? As an American?
Yeah. So I I am.
I'm not a neutral observer. For one, the Democratic National
Convention is at the United Center.
It's four blocks from my house so that Chicago's going to be in
the hot bed of all of this this summer.
Biden needs a body double to to have any chance in a in a debate
with with Trump. I mean, four years ago he did
well. I remember watching those
debates and being surprised. I I don't see how he's going to
run it out this time of Trump. But it rejuvenated Bowden.
Bone's up 52% because of this. Now you know there's going to be
two, you know, marquee opportunities for him on a a
stage across the entire country. And if he does well, the token
probably pumps If. If he if he fumbles, the token
probably pumps more. So why?
Yeah, yeah. Right.
Like I, I, I feel exactly what Pike said.
Like, what you guys both saying, like it just pumps in the way,
right? Like you can have like a funny
moment happen to him and this token probably flies.
And he could also just like, Cook Trump and his flies like, I
I don't know, like, 'cause it was really down pretty bad.
But that was probably on the base that, like, we knew he
wouldn't be out there, right? And now it's like, well, he's
going to be out there twice and it's coming.
And June is around the corner. Boys.
Like June is literally around the corner.
So, So we'll see what happened. But but some people saying that
Trump is washed up, some people saying that he's falling apart,
some people saying that he he may not be there due to legal
issues. Listen, I don't know what's
going on. Y'all but this has an effect on
my bags. So I have to care, you know, so
I have to care. Look Mando's like Frozen.
It's so funny. He's like Frozen and the
smiling, smiling Frozen. So it's so it's so it's not bad
At least you're looking good. Mando, don't worry, you're
looking good. You're looking healthy.
You're looking sharp as usual So that's.
I think that's that's that as on on on that front.
I think you know what we could do because I see I see Manny's
already in the in the studio. So we'll we'll get to to our to
our so our for today's show at four of us.
But tomorrow maybe you could do the roundup on NTS because I'm
actually curious to like what the hell is going on FTS I just
opened Magic Eden. My puppets are down to .18
Bitcoin. What have you guys done?
Just close out of that tab as fast as you can.
That's the only move you can make.
I can run us through it. It's painful, so it's So what
we'll. Do tomorrow because I'm not
ready for for pain yet so so maybe so so I'll be more ready
for the pain yesterday but, but, but but I'm seeing a lot of red
in general on NFTS and across the board.
I mean every time I open the Solana and FTS are even lower.
It's like those are like it's like even worse over there.
ETH NFTS are bleeding. Luca can sell 10 million toys
and yo we'll still be selling which is crazy.
And then the Bitcoin puppets. I mean World Peace.
What? What happened to World Peace?
Y'all. What happened to ruins?
Changing the stage of Bitcoin? God damn it.
We really need this whole market
to pump so you guys can have some conviction all over again.