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Yo-yo yo what up? 
What up? 

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Good morning. 
Good morning GMG Tuesday March 

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4th, 2025. 
Look at that another beautiful 

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day to have a beautiful day. 
I got my Co host in the house. 

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Hi there, Mando, good morning. 
How you doing today? 

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GM Well M today. 
I like that. 

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MMM. 
Everyone. 

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What up guys? 
Tyler, how are you doing today? 

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Are you going in there? 
As good as possible, Yeah. 

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I mean, last night on crypto 
Twitter, I mean it was like full

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on depression since it was. 
Great this morning. 

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It's all turned around this 
morning. 

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And we're depressed again. 
We're going to fix the vibes. 

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The Canary Labs chat is is has 
been judging whether we would be

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conscripted to fight in the 
European war this morning. 

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Yeah, oh, that's why you're all 
like, Doom, tweeted Doom texting

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I. 
Mean it's real in Europe. 

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It's real, dude. 
You know 5,000,000 bucks you can

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get a you can. 
That's why you're passport. 

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Luckily passport luckily 
Portugal hasn't been in a war 

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for oh wait, sat out both world 
wars actually. 

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Wait, if I have a French 
passport and a Canadian passport

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I'm fucked? 
That means the French can use me

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as a. 
Yeah, I don't know how it worked

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if we if they got conscripted, I
might have to go back, but I 

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don't even know. 
I'm not even a citizen there 

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anymore so. 
Don't worry dude, the Portuguese

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have stayed out of all that 
stuff for a long time. 

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I'm glad the edge, the edge of 
the world. 

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No one cares. 
This is my Portugal. 

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No, not worth it. 
It's the. 

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Island all the way. 
I thought people are moving to 

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Portugal. 
They're like, why? 

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I'm like, that's exactly why. 
Exact reason why she's. 

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Like wait, do they speak Spanish
there? 

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Yes they do. 
That's exactly why I'm moving 

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there. 
Yeah, don't come. 

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That's really the, the, the, 
the, the that's I I was talking 

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to someone, I forgot who and I 
was like, yeah, I'm over to 

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Portugal. 
And that person was like, damn, 

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you speak Spanish? 
I'm like, yeah, yeah, yeah, 

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totally. 
We speak Spanish there. 

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Yeah, yeah, yeah, it's totally 
Spanish. 

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It's like more people speaking 
French than Spanish and 

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Portugal. 
But anyways, the other show 

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today, today, All right, we got 
a lot. 

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We're going to talk about 
market, but we got to talk about

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we got to talk about a lot. 
We got to talk about macros. 

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We got to talk about 
Trumponomics. 

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We got to talk about trade war. 
We got to talk about war. 

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We're going to talk about a lot 
of stuff and we're going to get 

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real here. 
We got to talk about why Mandel 

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feels like he's about to go. 
I mean, at least OV is going to 

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get back in shape. 
You know, maybe that'll that'll 

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push him to get back in shape. 
You know, we're going to talk 

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about that. 
Why Mandel thinks to going to 

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war. 
Lily Mandel woke up and was like

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I have to good. 
What's so funny? 

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Then we got Tyler who Tylers top
1000. 

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There is still a lot of news 
coming in like really a lot a 

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lot and then no one today. 
But we do have a robot spin. 

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So I want to see some retweets. 
I want to see I want to see some

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00:03:16,200 --> 00:03:17,840
retweets on the show. 
We're going to robot Luke 

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boxing, then last, but now these
this show is powered by 

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Follow wallet connect on X and 

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Telegram to stay ahead of what 
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Mando, let's talk about this 
shit. 

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Who? 
Is the man back? 

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Old daddy of a man. 
Can you dig it? 

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GM So yeah, it's a complete 
reversal of of what we saw the 

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day before. 
Second worst day ever for crypto

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yesterday. 
And to be honest, it's kind of 

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just continued as the day's gone
on. 

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We hit kind of a low. 
We're hitting kind of the lows 

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right now of where things were, 
if I'm honest, like Bitcoin sank

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to around this level around 82 K
and it's 82.8. 

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I think the main change here is 
that all of the oversold 

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indicators we had a few days ago
are not there anymore. 

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So like sold for because they 
all had that big Wick up. 

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Like the RSI is actually like in
the in like 35 area. 

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So and whereas what was it like 
10 or whatever? 

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Bitcoin's a little bit lower 
because I don't think it pumped 

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as much, but I see now Bitcoin's
even higher. 

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It's yeah, it's just basically 
like we don't look oversold here

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on those oversold indicators, 
which is kind of a little bit 

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more worrying. 
Why are we selling off tariffs? 

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Tariffs mainly. 
I felt like that was the the 

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thing. 
But also, I don't know, a lot of

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accusations of like insiders on 
those coins. 

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It is kind of crazy that all of 
those coins are down like lower 

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essentially than where they were
before the announcements were 

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made. 
But the tariffs thing is 

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probably the main 1. 
He had some not great economic 

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data yesterday. 
And then it feels as though 

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tariffs are going to be met with
retaliation from, from allies 

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really from Mexico, Canada, EU 
particularly it'll do the same. 

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China, it'll do the same. 
And this could push like a 

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global, a global slow down. 
The, the Canada central bank 

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came out today and said if we, 
if we go through tariffs, we 

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could head towards a recession. 
Interestingly, the Atlanta Fed 

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came out yesterday and said they
think Q1 GDP could contract over

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2%. 
So it is quickly descended into 

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which I think people thought 
that like the Canada, Mexico 

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thing had maybe been resolved to
a certain extent or like wasn't 

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going to flare up. 
Well, like pause until April 

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2nd. 
That was what was said and then 

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it was brought forward to today,
actually. 

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Right, exactly. 
And it felt as though. 

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You know a. 
Month ago we had we were on the 

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show basically saying, look, 
yeah, they're going to track 

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some sort of deal. 
It doesn't make sense to and 

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there was the deal about the 
border security and all this 

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sort of stuff and then flared up
again. 

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This is on the back of obviously
Trump. 

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Yeah. 
In Europe, the situation in 

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Europe is, is is slightly be 
stable. 

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That's what I would say. 
It was getting more instable. 

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If you don't know, you might 
have quite a lot about Europe, 

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but like there's a lot of like 
regional conflicts which are 

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kind of unresolved and like 
we've had 80 years of peace. 

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And if Trump leaves NATO, I do 
think there's a chance that like

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some of this stuff could flare 
up. 

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And that's even today there was 
stuff in like the Serbian 

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parliament. 
So it would be like rain areas 

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that like the Balkans area. 
There's obviously this, some of 

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those are aligned with Russia 
actually. 

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But there's been a lot of 
tension for unresolved tension 

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for a long, long time, ever 
since the the war's there. 

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You have the Baltic area, you 
know, part of the Baltic, Latvia

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and Latvia and Estonia both have
around 25% of their population 

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speak Russian, right? 
Similarly, Moldova has, has, has

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Russian speakers just like with 
Ukraine. 

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And there's like smaller random 
ones like Poland and Belarus, 

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for example, are like completely
at odds and that could flare. 

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So like if somehow, and and this
is after decades of Europe not 

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spending on on defence, like 
yes, it's all 100% true that the

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US has basically been the the 
the defender of Europe and and 

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kind of kept stuff in check. 
But if that is gone, I do think 

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that like there's a chance stuff
could flare up. 

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I think in general, people are 
saying that all over the world, 

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Like if the I'm just saying, 
sorry, some theoretic was in 

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here for like AUS audience. 
But if, like if Venezuela 

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invaded Surinam or if, if Kosovo
fled up again, or if the Russia 

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decided they wanted to take 
parts of Estonia or if talking 

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Greece fled up. 
You know, they they've had 

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historic tensions before 
Azerbaijan and and Armenia, like

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these are all like regional 
small tensions, which like 

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aren't, really aren't on the 
radar for a lot of the US, but 

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but they are in those regions. 
And I think people have suddenly

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just been like, Oh my God. 
Like the US doesn't care after 

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what happened with Russia with 
Ukraine last week, which is, you

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know, that's the kind of 
prerogative there's like we 

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don't want to get involved in 
foreign wars. 

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But that what that does mean is 
a lot of the world is just 

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suddenly freaking out and going 
like, wow, some of this stuff 

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could. 
Sorry, it was Venezuela and 

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Guiana. 
Yeah, I said it wrong, like, and

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I don't think the EU really 
wants to or feels like it should

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get involved anymore. 
And at the same time, it's kind 

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of courting bigger powers, you 
know, bigger powers which 

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traditionally have been 
slightly, slightly more 

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adversarial. 
So that's that's the general 

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sense. 
I'm just, I'm just getting like 

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it. 
It's just that people, there's 

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just a lot more uncertainty, a 
lot, lot more uncertainty. 

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I think globally, both in terms 
of economics but also politics, 

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Europe is rearming. 
They said they would spend 800 

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billion on on arms. 
Wow. 

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Right, we should be longing 
fucking these like companies. 

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What is it? 
The arms dealers? 

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Yeah, so the UK and European 
defence companies all all 

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rallied massively yesterday 
after that sort of stuff. 

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But I'm, I guess I'm looking for
the trade. 

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I'm just saying that suddenly 
everyone's just like, oh God, 

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like stuff could happen now with
like, again, it points to bigger

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ones, which may have an economic
impact on the on the US would be

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like Taiwan, where a lot of the 
chips are made that sort of 

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stuff like if the US doesn't 
care about regional or is is is 

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basically saying that it's it's 
not going to care. 

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And this may culminate in 
leaving NATO. 

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It seems definitely on the 
cards, definitely on the cards, 

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but it's also with tariffs in 
general, like it's it's fighting

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with its allies. 
I think the world suddenly the 

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00:10:50,160 --> 00:10:54,360
world just got more uncertain. 
And this is also a time where, 

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well, like you are having some 
weakness in in the general 

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economy, not like terrible, but 
enough that it would be that it 

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could wobble. 
Now, I don't know, like to me, 

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00:11:09,440 --> 00:11:12,840
this kind of feels like a multi 
year potential pump and dump. 

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00:11:13,440 --> 00:11:16,680
Like, sorry, dump then pump. 
Like, is Trump going to do this 

200
00:11:16,680 --> 00:11:20,880
and then force QE in a year and 
have all these massive tax 

201
00:11:20,880 --> 00:11:22,480
breaks? 
And like, maybe the first year 

202
00:11:22,480 --> 00:11:26,680
of the Trump the Trump 
presidency is like, yeah, we're 

203
00:11:26,680 --> 00:11:28,160
going to fuck shit up. 
We're going to fuck up the world

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00:11:28,160 --> 00:11:33,680
order here and see what happens.
And the second-half is like, you

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00:11:33,680 --> 00:11:35,720
know, we're going to push 
through a lot of positive stuff.

206
00:11:35,720 --> 00:11:39,560
But like, it kind of feels a 
little bit like that to me. 

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00:11:39,920 --> 00:11:43,400
And for crypto in particular, I 
don't think, I think the crypto 

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community is actually turned a 
little bit on or maybe not on 

209
00:11:45,800 --> 00:11:47,320
Trump, on the Trump's. 
I think there's a lot of 

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00:11:47,320 --> 00:11:52,640
positive stuff that's been done 
for, for crypto by this 

211
00:11:52,640 --> 00:11:57,240
administration, but like some of
the some of the ways it's been 

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00:11:57,240 --> 00:12:01,080
done and like see thrifts that 
have kind of rubbed people up 

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00:12:01,080 --> 00:12:04,680
the wrong way. 
So I think and people just don't

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00:12:04,720 --> 00:12:08,040
don't trust the announcement. 
You know, like when you see an 

215
00:12:08,040 --> 00:12:10,880
announcement like that yesterday
where it's like, Oh my God, like

216
00:12:10,880 --> 00:12:12,720
Crypto Reserve and then 
everything just gets dumped and 

217
00:12:12,720 --> 00:12:15,280
like there's just like weird 
stuff going on. 

218
00:12:17,920 --> 00:12:20,400
It just, it just suddenly feels 
like, oh, we're just like a play

219
00:12:20,400 --> 00:12:23,240
thing almost here. 
And I don't think people like 

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00:12:23,240 --> 00:12:27,800
that. 
Yeah, 100%. 

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00:12:28,400 --> 00:12:30,640
It's definitely not great. 
Like obviously like the markets 

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00:12:30,640 --> 00:12:33,160
are, are very secondary here. 
It seems like Trump wants to, I 

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00:12:33,160 --> 00:12:35,120
mean, we talked about it this 
morning, but on the show we 

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00:12:35,120 --> 00:12:36,160
didn't. 
It's just like it feels like 

225
00:12:36,160 --> 00:12:39,360
it's he wants to come and like 
break everything that has been 

226
00:12:39,840 --> 00:12:42,800
and, and obviously breaking 
everything comes with its cost 

227
00:12:42,800 --> 00:12:47,000
and the cost of the market. 
And sadly, we all are operating 

228
00:12:47,000 --> 00:12:50,040
in a high risk, high, high, high
high risk asset market. 

229
00:12:50,040 --> 00:12:53,160
So usually these are the ones 
that get slapped the hardest and

230
00:12:53,160 --> 00:12:57,280
where the volatility is insane. 
I mean, my bags are down and so 

231
00:12:57,280 --> 00:12:59,360
and so definitely hurts market. 
So for people who are running 

232
00:12:59,360 --> 00:13:00,480
like, yo, where are our bags 
down? 

233
00:13:00,480 --> 00:13:03,840
Or oh, like we're only down 
because I don't know, like, oh, 

234
00:13:03,840 --> 00:13:05,640
Donald Trump, like don't say 
something March 7. 

235
00:13:05,640 --> 00:13:08,440
They'll bring it up maybe, but 
it may be the daily candle like 

236
00:13:08,440 --> 00:13:10,240
that. 
And you're wondering why we had 

237
00:13:10,240 --> 00:13:12,840
the best day in the history of 
crypto, followed by the second 

238
00:13:12,840 --> 00:13:14,200
worst day in the history of 
crypto. 

239
00:13:14,800 --> 00:13:16,880
It's because there are bigger 
things at play here that are 

240
00:13:16,880 --> 00:13:19,480
very that are political. 
There's a trade war going on. 

241
00:13:20,200 --> 00:13:22,960
There is obviously all these 
like scares of like, you know, 

242
00:13:23,240 --> 00:13:27,480
Russia, Ukraine, you know, USA, 
Ukraine, USA backing off, 

243
00:13:27,720 --> 00:13:30,480
bucking out of the, you know, 
the, the, the, the world pretty 

244
00:13:30,480 --> 00:13:31,880
much what we were talking about 
this morning. 

245
00:13:31,880 --> 00:13:33,400
But like since World War 2, I 
don't think we've seen a 

246
00:13:33,400 --> 00:13:35,200
president like that, right? 
Because I think since World War 

247
00:13:35,200 --> 00:13:38,840
2, like USA got very involved 
with the world politics, you 

248
00:13:38,840 --> 00:13:41,480
know, after obviously, like, you
know, saving Europe essentially.

249
00:13:41,880 --> 00:13:44,920
And then they've kind of been on
top of that forever. 

250
00:13:45,280 --> 00:13:49,680
Ironically, I feel like in the 
last 10 years, I've only 

251
00:13:49,680 --> 00:13:52,480
remembered people saying that 
they want the USA to stop having

252
00:13:52,480 --> 00:13:55,480
such a, such a hold on the world
and stop being the leader of the

253
00:13:55,480 --> 00:13:57,480
free world or acting like it and
want to back away. 

254
00:13:57,800 --> 00:14:03,400
And now they are actually saying
like, yo, we're, we're out. 

255
00:14:04,040 --> 00:14:06,040
And so naturally that'll break a
lot of things. 

256
00:14:06,080 --> 00:14:10,000
And I actually understand the 
the skepticism and the and the 

257
00:14:10,000 --> 00:14:11,600
stress that this this, this off 
flows. 

258
00:14:11,640 --> 00:14:13,760
This is like, it's like saying 
it's like the police backing 

259
00:14:13,760 --> 00:14:17,960
away and saying like, yo, y'all 
figure it out, right Tyler? 

260
00:14:17,960 --> 00:14:20,640
Like what's your thoughts on on 
on what's happening at the? 

261
00:14:21,680 --> 00:14:23,200
Moment, Yeah, it's happening 
very quickly. 

262
00:14:23,200 --> 00:14:26,440
I think there's a lot of 
destabilizing happening. 

263
00:14:26,440 --> 00:14:28,400
There's a lot of uncertainty. 
I think that's certainly a big 

264
00:14:28,400 --> 00:14:32,840
part of why markets are down. 
Markets hate uncertainty. 

265
00:14:33,920 --> 00:14:36,440
I've been just trying to figure 
out like, so like, what is what 

266
00:14:36,440 --> 00:14:38,720
is Trump's plan? 
Like, why is he doing this? 

267
00:14:38,760 --> 00:14:41,560
Because like, I think it's, it's
pretty clear that he, he cares 

268
00:14:41,560 --> 00:14:44,320
about his net worth 
specifically. 

269
00:14:44,320 --> 00:14:47,880
I think even Trump fans would 
say like this man cares about 

270
00:14:48,320 --> 00:14:52,880
his wealth. 
And I mean, he's going to be 

271
00:14:52,880 --> 00:14:59,280
impacted by this. 
And a a month or year long 

272
00:14:59,520 --> 00:15:05,280
recession is, is not going to 
paying a good legacy for him in 

273
00:15:05,280 --> 00:15:08,000
any, any kind of way. 
I do think he also cares about 

274
00:15:08,000 --> 00:15:12,480
his approval rating. 
And the longer it goes, the more

275
00:15:12,480 --> 00:15:16,880
it impacts Republican chances in
the, in the midterm cycle, which

276
00:15:16,920 --> 00:15:19,440
which is not that far away. 
It's like we're talking like a 

277
00:15:19,440 --> 00:15:22,240
year and a half, right? 
So I've been, I've been trying 

278
00:15:22,240 --> 00:15:29,320
to, to understand because these 
tariff games, I mean, I, I don't

279
00:15:29,320 --> 00:15:32,280
think we're games and, and there
are things that can have very, 

280
00:15:32,280 --> 00:15:35,640
very long impacts and it doesn't
even feel like we've started to 

281
00:15:35,640 --> 00:15:39,040
really feel the impacts. 
I mean, look at the latest news,

282
00:15:39,040 --> 00:15:41,040
right? 
This is just in 7 minutes ago. 

283
00:15:41,440 --> 00:15:43,840
Trump says if companies move to 
the United States, there are no 

284
00:15:43,840 --> 00:15:45,560
tariffs. 
So I feel like when you ask what

285
00:15:45,560 --> 00:15:50,360
the plan is, it's a very US 
centric plan, obviously. 

286
00:15:51,320 --> 00:15:55,760
But you know, I don't know. 
I, I, I can't tell. 

287
00:15:55,760 --> 00:15:57,640
Like what the end. 
Approval rates are going down. 

288
00:15:58,160 --> 00:16:01,200
Sorry, like does it feel like 
it's turning in the USI feel 

289
00:16:01,200 --> 00:16:02,880
like a lot of this stuff is pro 
US. 

290
00:16:02,880 --> 00:16:04,760
So like it's it's not that that 
is. 

291
00:16:05,000 --> 00:16:07,400
So actually Tremont wrote 
something pretty good about it 

292
00:16:07,400 --> 00:16:09,680
yesterday, saying that Trump is 
actually really popular amongst 

293
00:16:09,680 --> 00:16:13,240
like the younger crowd and 
unpopular amongst the older 

294
00:16:13,240 --> 00:16:16,720
institutional crowd. 
And and he was kind of like 

295
00:16:16,720 --> 00:16:18,480
trying to explain here. 
Let me bring it up. 

296
00:16:19,160 --> 00:16:22,000
That was that was a good take. 
I don't I agree disagree with 

297
00:16:22,000 --> 00:16:24,600
it, just I think it's fair take.
He says Trump is more popular 

298
00:16:24,600 --> 00:16:25,720
with young people than old 
people. 

299
00:16:25,720 --> 00:16:28,160
Most young people don't own 
stocks or homes AKA they are 

300
00:16:28,160 --> 00:16:30,440
asset light. 
Trump is also more popular 

301
00:16:30,440 --> 00:16:32,000
amongst working and middle class
folks. 

302
00:16:32,160 --> 00:16:34,520
Most of these folks are also 
asset light. 

303
00:16:34,920 --> 00:16:37,320
It stands to reason that a fall 
in asset prices, stocks down at 

304
00:16:37,320 --> 00:16:39,440
home prices down, have very 
little impact on his core 

305
00:16:39,440 --> 00:16:41,560
constituents. 
To that end, I won't be 

306
00:16:41,560 --> 00:16:44,920
surprised if Trump has little 
reaction then to an equity or 

307
00:16:44,920 --> 00:16:47,400
home price market correction. 
Separately, the upside of 

308
00:16:47,400 --> 00:16:50,320
shrinking these assets prices is
that it gives the folks 

309
00:16:50,320 --> 00:16:52,800
mentioned above a legitimate 
chance to buy in those markets 

310
00:16:53,200 --> 00:16:55,600
at lower levels, making equity 
ownership and oral home 

311
00:16:55,600 --> 00:16:58,920
ownership more possible. 
Essentially, if Trump figures 

312
00:16:58,920 --> 00:17:01,440
out how to get rents lower, he 
will unite young people, and 

313
00:17:01,440 --> 00:17:03,600
that's at light working people 
into a reliable voting bloc. 

314
00:17:03,600 --> 00:17:06,400
For those foreseeable future, he
will have given them the 

315
00:17:06,400 --> 00:17:08,240
trifecta. 
Cheaper stocks, cheaper homes, 

316
00:17:08,240 --> 00:17:09,680
lower rents. 
Said differently, don't presume 

317
00:17:09,680 --> 00:17:12,599
that the stock market going up 
is a useful barometer barometer 

318
00:17:12,599 --> 00:17:15,000
anymore. 
In fact, it's going down. 

319
00:17:15,119 --> 00:17:16,920
Maybe a better signal for his 
popularity. 

320
00:17:16,920 --> 00:17:19,280
Tam will tell. 
So he's actually making the case

321
00:17:19,280 --> 00:17:20,520
that. 
Very good point. 

322
00:17:20,800 --> 00:17:23,440
It's. 
Actually a good point because 

323
00:17:23,440 --> 00:17:25,359
you, you went there right Mando 
and I thought that was the best 

324
00:17:25,359 --> 00:17:27,200
answer to your question. 
So what do you think? 

325
00:17:28,079 --> 00:17:30,640
I think. 
It's sorry, proveration isn't 

326
00:17:30,640 --> 00:17:41,320
going right like, and I do think
there's a chance that sorry, 

327
00:17:42,960 --> 00:17:48,360
there is a chance that this does
lead to a, to a like the 

328
00:17:48,400 --> 00:17:51,680
housing, housing market could 
could reprice here, which I 

329
00:17:51,680 --> 00:17:55,040
think actually is pretty popular
definitely among certain 

330
00:17:55,040 --> 00:18:02,920
demographics. 
So yeah, it's I think he like 

331
00:18:02,920 --> 00:18:07,040
this, this play by Trump. 
I don't know if he'll lose that 

332
00:18:07,040 --> 00:18:09,920
many voters, at least in the US,
But what I do think it does lead

333
00:18:09,920 --> 00:18:12,480
to more turmoil throughout the 
world. 

334
00:18:12,800 --> 00:18:15,960
That's just what I. 
Think it's a tough one. 

335
00:18:16,000 --> 00:18:19,920
I, I saw that take initially. 
I thought it made sense. 

336
00:18:19,960 --> 00:18:24,760
But again, like, I, I don't know
that crashing markets and 

337
00:18:24,760 --> 00:18:29,040
housing so that younger people 
get a better entry is, is going 

338
00:18:29,040 --> 00:18:32,440
to bode well. 
Like sure, maybe it bodes well 

339
00:18:32,440 --> 00:18:35,360
for, for zoomers for a very 
specific niche, but like there's

340
00:18:35,400 --> 00:18:37,480
going to be pretty massive 
fallout from that. 

341
00:18:37,480 --> 00:18:39,840
So I, I don't really, I can't 
imagine that's his actual 

342
00:18:39,840 --> 00:18:41,360
strategy. 
It's like, Oh yeah, I'm just 

343
00:18:41,360 --> 00:18:44,560
going to lean into the Zoomer 
base and. 

344
00:18:44,600 --> 00:18:45,600
No, it's not just zoomers, 
right? 

345
00:18:45,600 --> 00:18:49,200
It's also middle working class, 
which is a large part of 

346
00:18:49,200 --> 00:18:50,400
America, right? 
That's what he's saying. 

347
00:18:51,120 --> 00:18:51,960
But yes, you're right. 
It's. 

348
00:18:52,160 --> 00:18:53,680
Maybe. 
I mean, I, I will say on the 

349
00:18:53,880 --> 00:18:58,000
opposite side of this. 
So I graduated College in 2007 

350
00:18:58,080 --> 00:19:00,440
and I entered the fortune in 
2008, which is when the last 

351
00:19:00,960 --> 00:19:03,720
recession hit and it didn't 
impact me personally. 

352
00:19:03,720 --> 00:19:06,280
It's like I was able to keep my 
job and so I didn't. 

353
00:19:06,400 --> 00:19:09,640
I was actually at that point in 
time I was happy that assets 

354
00:19:09,640 --> 00:19:13,000
were going down because I was 
just starting to invest for the 

355
00:19:13,000 --> 00:19:16,280
first time. 
So I do, I do see that 

356
00:19:16,440 --> 00:19:19,800
perspective as I have lived 
through it to a degree. 

357
00:19:20,760 --> 00:19:23,280
And certainly I would feel as 
most 22 year olds probably don't

358
00:19:23,280 --> 00:19:25,000
care that that markets are 
crashing. 

359
00:19:25,200 --> 00:19:28,520
Yeah, Logan makes the point. 
He says he's expected that a 

360
00:19:28,520 --> 00:19:30,840
drop in price is going to prompt
people who don't invest in 

361
00:19:30,840 --> 00:19:34,560
assets to now invest in assets. 
I, I don't know, I, I, I'm not 

362
00:19:34,680 --> 00:19:35,960
professional. 
I, I don't think I have an 

363
00:19:35,960 --> 00:19:37,600
answer to that. 
Maybe I don't know. 

364
00:19:37,600 --> 00:19:40,240
I mean, maybe actually, you know
what, like if prices drop far 

365
00:19:40,240 --> 00:19:42,160
enough, I have been thinking 
personally, I guess I'll speak 

366
00:19:42,160 --> 00:19:44,400
for myself. 
The more real estate crashes, 

367
00:19:44,400 --> 00:19:46,560
the more I'm like, hey, maybe 
one day, maybe I'm finally just 

368
00:19:46,560 --> 00:19:49,320
going to put money into some 
hard asset. 

369
00:19:49,320 --> 00:19:51,760
So me personally, yeah, maybe a 
little bit, but I don't know for

370
00:19:51,760 --> 00:19:54,480
you guys. 
But for the first time ever, I'm

371
00:19:54,480 --> 00:19:56,920
like, wow, I'm maybe going to be
able to like just buy a cheap 

372
00:19:56,920 --> 00:19:59,000
home because it's got crazy in 
Canada. 

373
00:19:59,000 --> 00:20:02,040
I'm not going to lie. 
Yeah, I guess I I closed on the 

374
00:20:02,040 --> 00:20:05,800
House yesterday so I don't I'm 
not working for to to to well. 

375
00:20:06,400 --> 00:20:07,920
Congratulations. 
Yeah. 

376
00:20:08,000 --> 00:20:09,800
Thank you. 
I saw the boxes when you changed

377
00:20:09,800 --> 00:20:12,040
your camera angle behind the on 
the other side of you on your 

378
00:20:12,040 --> 00:20:14,320
right, right. 
It's you guys got a house full 

379
00:20:14,320 --> 00:20:16,320
of boxes. 
That's going to be me soon 

380
00:20:16,640 --> 00:20:18,600
anyway. 
So look, I don't know if we have

381
00:20:18,600 --> 00:20:20,840
anything else to touch on that. 
I mean, when I think around the 

382
00:20:20,840 --> 00:20:22,240
horn, I think there's a lot of 
uncertainty. 

383
00:20:22,240 --> 00:20:24,880
And I think by even the, if you 
listen to the show a lot, if you

384
00:20:24,880 --> 00:20:26,880
listen to this conversation, you
can understand why the markets 

385
00:20:26,880 --> 00:20:30,960
are shaky, right? 
Like nobody knows what the 

386
00:20:30,960 --> 00:20:33,800
future holds from a macro and 
trade war perspective. 

387
00:20:34,640 --> 00:20:40,280
My ability to predict crypto is 
almost at 0 at the moment. 

388
00:20:41,720 --> 00:20:46,680
Feels very. 
Hard bam bam bam bam hey. 

389
00:20:46,840 --> 00:20:49,000
Don't you dare. 
Don't you dare dump your Sonic 

390
00:20:49,000 --> 00:20:50,960
bags on me, OK? 
No, no, no, no. 

391
00:20:52,000 --> 00:20:53,800
So let's talk about that for a 
minute. 

392
00:20:53,960 --> 00:20:57,080
I do think yesterday's dump was 
a big. 

393
00:20:58,040 --> 00:21:01,640
Shouldn't talk about it. 
Intimate because I I think that 

394
00:21:01,640 --> 00:21:05,720
there was some hope that perhaps
that was like the 30% correction

395
00:21:05,800 --> 00:21:10,520
in Bitcoin and and 78 K was the 
low and now we're going to rally

396
00:21:10,520 --> 00:21:14,920
back and seeing the entire the 
best day ever get wiped out in 

397
00:21:14,920 --> 00:21:18,720
the second worst day ever. 
And now many of the tokens are 

398
00:21:18,720 --> 00:21:20,360
lower. 
Than they went, but I mean 

399
00:21:20,400 --> 00:21:21,560
Bitcoin went even lower than 
that. 

400
00:21:21,560 --> 00:21:25,440
Best day ever. 
Yeah, I think that hurt since 

401
00:21:25,440 --> 00:21:29,120
then, but I think that the 
bigger factor was is people 

402
00:21:29,120 --> 00:21:33,040
still digesting the XRP data 
strategic reserve announcement 

403
00:21:33,120 --> 00:21:39,080
and just like pure on crony 
capitalism and a crime 

404
00:21:39,280 --> 00:21:41,520
effectively at the at the 
highest level and and those 

405
00:21:41,520 --> 00:21:45,600
assets not having the merit to 
be in a strategic reserve. 

406
00:21:46,200 --> 00:21:48,120
They shouldn't. 
That's what's really sent shock 

407
00:21:48,120 --> 00:21:51,040
waves for from the people who 
don't necessarily sweat near 

408
00:21:51,040 --> 00:21:54,520
term price action as much. 
They are more upset about that 

409
00:21:55,800 --> 00:21:58,680
and I get it. 
So I feel like that's where we 

410
00:21:58,680 --> 00:22:01,840
really need clarity, ideally 
this Friday. 

411
00:22:02,560 --> 00:22:04,040
I think that'll come Friday as 
well. 

412
00:22:04,600 --> 00:22:06,320
It's it's true. 
I mean, you had Brian Arnstrom 

413
00:22:06,320 --> 00:22:09,400
yesterday, we quoted him. 
You also have Cameron Winklevoss

414
00:22:09,800 --> 00:22:13,360
that came out about this and a 
lot of the bigger founders and 

415
00:22:13,360 --> 00:22:15,360
leaders of the space. 
And I think they're right. 

416
00:22:15,920 --> 00:22:18,960
Like the strategic reserve 
effectively should honestly just

417
00:22:18,960 --> 00:22:23,320
be Bitcoin. 
And I think it's hard to 

418
00:22:23,320 --> 00:22:27,720
disagree with that, right? 
Like I think I think that's like

419
00:22:27,800 --> 00:22:29,520
consensus here. 
It's not even the hard take 

420
00:22:29,520 --> 00:22:31,560
anymore to say this reserve 
thing with all the basket of 

421
00:22:31,560 --> 00:22:34,040
corns is a bad idea on the 
timeline. 

422
00:22:34,040 --> 00:22:35,720
So it's. 
Yeah, it's tough. 

423
00:22:35,720 --> 00:22:38,280
I mean, it's tough to, I mean, 
there's strong cases against not

424
00:22:38,280 --> 00:22:40,200
holding any assets in the 
strategic reserve. 

425
00:22:40,440 --> 00:22:45,000
So, yeah, I'll be very curious 
how they, how they mention how 

426
00:22:45,000 --> 00:22:47,480
like the sovereign wealth fund 
ties into this because I think 

427
00:22:47,520 --> 00:22:50,800
it, it's a little bit, it 
lightens the the news a little 

428
00:22:50,800 --> 00:22:53,600
bit if a sovereign wealth fund 
is going to invest in these 

429
00:22:53,600 --> 00:22:56,040
assets and then we see how 
that's funded. 

430
00:22:56,040 --> 00:22:58,160
Yeah, another factor in all 
this. 

431
00:22:59,320 --> 00:23:01,440
Yeah, look at these arbitrates. 
You know what's crazy though? 

432
00:23:01,440 --> 00:23:02,840
Yesterday I was like just late 
night. 

433
00:23:02,840 --> 00:23:04,720
That's going through every chart
a little bit. 

434
00:23:05,080 --> 00:23:07,920
You know, we always say like in 
case of the like the market 

435
00:23:07,920 --> 00:23:11,560
zones zoom out. 
So I zoomed out and I'm not 

436
00:23:11,560 --> 00:23:14,080
going to lie, a lot of these 
zoomed out charts looks like 

437
00:23:14,080 --> 00:23:16,480
fucking trash. 
And that's not even like let's 

438
00:23:16,480 --> 00:23:19,400
just be objective here. 
If you zoom out on the theorem 

439
00:23:19,400 --> 00:23:22,840
on a weekly basis, this is 1 
mega lower high. 

440
00:23:23,520 --> 00:23:27,120
And if it goes sub 15 hundreds, 
which I pray to God this doesn't

441
00:23:27,120 --> 00:23:30,960
happen, it's going to put a 
lower low on the zoom. 

442
00:23:31,040 --> 00:23:32,400
Like you know, you said like 
hey, zoom out. 

443
00:23:32,440 --> 00:23:34,120
Like on this dip, it was zoom 
out. 

444
00:23:34,320 --> 00:23:36,520
I zoomed out. 
Did you buy this? 

445
00:23:37,760 --> 00:23:44,600
Like if this was a meme coin to 
buy this Mendo, like what if 

446
00:23:44,600 --> 00:23:47,080
this I was playing for fun 
yesterday. 

447
00:23:47,080 --> 00:23:50,040
I was just like drawing lines 
like just to myself, just doom 

448
00:23:50,040 --> 00:23:52,440
and glooming on my own right. 
And I'm looking at this and like

449
00:23:52,440 --> 00:23:59,800
what if this just chops to 2027?
Have you zoomed out on most of 

450
00:23:59,800 --> 00:24:01,920
these charts? 
The only charts zoomed out on 

451
00:24:01,920 --> 00:24:03,400
the weekly that looks good is 
Bitcoin. 

452
00:24:05,480 --> 00:24:10,640
Look at this, have you seen 
this? 

453
00:24:10,840 --> 00:24:14,040
That's zoomed out Bitcoin, this 
is zoomed out Ethereum and even 

454
00:24:14,040 --> 00:24:17,400
Solana is like, oh, he thanks to
Trump, actually he managed to 

455
00:24:17,400 --> 00:24:21,480
put a a higher high. 
Whether you muted by that, I 

456
00:24:21,480 --> 00:24:23,560
don't know if you said something
you are saying. 

457
00:24:23,560 --> 00:24:24,880
I mean I figured you're trying 
to say something. 

458
00:24:25,320 --> 00:24:30,160
Yeah, I just said USDT looks 
good bring up, bring up the 

459
00:24:30,160 --> 00:24:34,240
stock market though, that's the 
other thing like this is the 

460
00:24:34,960 --> 00:24:38,000
we've already sold off. 
I think people probably don't 

461
00:24:38,560 --> 00:24:42,520
quite understand. 
You want me to bring in the SNP 

462
00:24:42,520 --> 00:24:45,680
or NASDAQ? 
Yeah, SNP is probably fine. 

463
00:24:46,280 --> 00:24:47,640
What? 
One day, One week, One month. 

464
00:24:47,800 --> 00:24:50,600
One day is fine, but they 
probably just don't understand 

465
00:24:50,600 --> 00:24:54,160
like in the context like. 
Goodness gracious. 

466
00:24:54,600 --> 00:24:57,000
There's quite a lot to go if 
that goes. 

467
00:24:57,840 --> 00:25:01,480
And I would say this is more, 
yeah, this has like some impact 

468
00:25:01,480 --> 00:25:04,880
on crypto, right? 
But this feels more like a 

469
00:25:06,520 --> 00:25:09,680
potential breakdown in multi 
national corporations that I 

470
00:25:09,680 --> 00:25:10,960
would be more worried about, 
right? 

471
00:25:10,960 --> 00:25:21,880
Like so like, yeah, like I would
be more focused on the S&P 500 

472
00:25:22,760 --> 00:25:25,200
and where that is going. 
Yeah, than. 

473
00:25:26,120 --> 00:25:27,800
Than a lot of other things, 
right? 

474
00:25:27,800 --> 00:25:33,120
Now I saw sink pump or something
about the S&P Cup getting it. 

475
00:25:33,120 --> 00:25:37,000
That's your homie right? 
SPX just took out his low 

476
00:25:37,000 --> 00:25:39,800
opening the way for more 
sustained down. 

477
00:25:39,800 --> 00:25:42,360
That's what I mean, stocks have 
just broken. 

478
00:25:42,440 --> 00:25:45,360
I mean, they broke that, 
remember, they broke that 

479
00:25:45,360 --> 00:25:47,800
support level. 
What was it about a few weeks 

480
00:25:47,800 --> 00:25:51,320
ago? 
And that was around the time of 

481
00:25:51,320 --> 00:25:52,480
the tariffs. 
And then it felt like they were 

482
00:25:52,480 --> 00:25:54,240
going to be reversed and 
everything was going to be OK. 

483
00:25:55,080 --> 00:25:57,080
This this does really affect 
them. 

484
00:25:57,760 --> 00:25:59,280
So there's a question here in 
the chat man. 

485
00:25:59,280 --> 00:26:02,640
Though isn't crypto the first to
sell off though? 

486
00:26:02,720 --> 00:26:05,760
Or do you expect even bigger 
pull backs even if we sold off 

487
00:26:05,760 --> 00:26:07,720
earlier? 
Yeah. 

488
00:26:07,720 --> 00:26:11,360
So I, I don't know, because I 
don't think that the set the 

489
00:26:11,360 --> 00:26:16,040
real sell offs that you've had 
in crypto, you know, crypto 

490
00:26:16,040 --> 00:26:20,360
wasn't, wasn't around in 2008. 
So like the, the actual like 

491
00:26:20,360 --> 00:26:23,040
recession sell off. 
I don't even know when the US 

492
00:26:23,080 --> 00:26:27,040
has had a recession, right? 
We didn't really have one in 

493
00:26:27,040 --> 00:26:30,760
2022, although we came close, 
although it was like a technical

494
00:26:30,760 --> 00:26:34,240
recession, but like nothing 
compares to like a recession 

495
00:26:34,240 --> 00:26:36,640
recession. 
And then you had COVID, right? 

496
00:26:38,320 --> 00:26:41,360
And when COVID got going, it was
very violent and then it 

497
00:26:41,360 --> 00:26:43,400
rebounded. 
I don't know how the how crypto 

498
00:26:43,400 --> 00:26:48,680
reacts in the case of like a, of
like a period where stocks sell 

499
00:26:48,680 --> 00:26:56,000
off for, you know, a few months.
COVID was an like, was like the 

500
00:26:56,000 --> 00:26:57,400
perfect crash. 
In some ways. 

501
00:26:57,400 --> 00:27:00,320
It's like, it's just like AV 
shaped like, Oh my God, did you 

502
00:27:00,320 --> 00:27:01,560
buy the dip? 
That's the thing. 

503
00:27:03,240 --> 00:27:05,320
I actually just there's there'd 
be no evidence. 

504
00:27:05,320 --> 00:27:08,440
So I don't know, crypto did sell
off first, but then if the S&P 

505
00:27:08,440 --> 00:27:15,080
goes down another 10%, it's very
difficult to, you know, I would 

506
00:27:15,360 --> 00:27:19,400
bet that Bitcoin does better, 
but then altcoins are already 

507
00:27:19,400 --> 00:27:23,080
down like 80%. 
But like, it's so difficult to 

508
00:27:23,080 --> 00:27:25,400
know like. 
And we even still get good 

509
00:27:25,400 --> 00:27:26,800
headlines. 
I mean literally like 10 minutes

510
00:27:26,800 --> 00:27:28,880
ago, again, like Bright House 
announced its support for the 

511
00:27:28,880 --> 00:27:32,000
CRA to rescind the so-called 
broker D5 rule, an 11th hour 

512
00:27:32,000 --> 00:27:34,080
attack on the crypto community 
by the Biden administration per 

513
00:27:34,080 --> 00:27:35,520
David Sacks. 
Like it's just like. 

514
00:27:36,880 --> 00:27:38,560
That's great. 
That was the thing that happened

515
00:27:38,560 --> 00:27:39,480
on Christmas. 
Remember they. 

516
00:27:39,480 --> 00:27:42,720
Yeah. 
Yeah, yeah, I remember the last 

517
00:27:42,720 --> 00:27:48,080
D5 rule, but the point being is 
I think I mean, I am a permable,

518
00:27:48,080 --> 00:27:49,600
but by the way, why did my name 
reset? 

519
00:27:49,600 --> 00:27:51,680
I used to say peroque permable. 
I want to I'm going to put it 

520
00:27:51,680 --> 00:27:52,720
back. 
What the fuck? 

521
00:27:53,000 --> 00:27:57,440
That's insane. 
But point being like, you know, 

522
00:27:58,440 --> 00:28:01,720
when the coast will be clear, 
it'll be really good. 

523
00:28:02,920 --> 00:28:04,960
But for now, everybody, you're 
going to have to hold on to your

524
00:28:04,960 --> 00:28:09,400
undies and you have to focus and
preserve as much money as you 

525
00:28:09,400 --> 00:28:12,640
can and just keep at it. 
Like there's no, I know this is 

526
00:28:12,640 --> 00:28:14,560
really like bear market talk, 
whatever, but this is just the 

527
00:28:14,560 --> 00:28:15,880
truth. 
Like you have to prepare for 

528
00:28:15,880 --> 00:28:17,600
everything. 
We, we spent 30 minutes on the 

529
00:28:17,600 --> 00:28:18,720
show right now just talking 
about this. 

530
00:28:18,720 --> 00:28:19,720
There's a reason for that, 
right? 

531
00:28:19,720 --> 00:28:23,000
We didn't get the topics yet 
because people have to prepare 

532
00:28:23,000 --> 00:28:25,280
for times like this. 
And I feel like you come to the 

533
00:28:25,280 --> 00:28:27,640
show to not just hear, Hey, 
we're going to keep going up. 

534
00:28:27,640 --> 00:28:28,760
You got you got to hear the 
truth. 

535
00:28:28,760 --> 00:28:31,920
Like the market is in shambles 
because there's bigger powers of

536
00:28:31,920 --> 00:28:35,200
play and crypto is just we tend 
to make crypto such an important

537
00:28:35,200 --> 00:28:37,000
role in the planet in this 
industry because we're in a 

538
00:28:37,000 --> 00:28:38,320
bubble. 
But crypto is just literally 

539
00:28:38,320 --> 00:28:42,800
like a little fart, little fart 
box next to next to the SNP and 

540
00:28:42,800 --> 00:28:45,000
all these things, right? 
So I mean, NVIDIA is like the 

541
00:28:45,320 --> 00:28:48,040
market cap of the entirety of 
crypto in this one company, you 

542
00:28:48,040 --> 00:28:53,040
know, so just, you know, just 
going to believe and play. 

543
00:28:53,120 --> 00:28:56,520
For it right it makes sense. 
I mean, the S and PS down 5% 

544
00:28:56,800 --> 00:29:00,280
from all time high. 
Like like the I'm, I'm a 

545
00:29:00,280 --> 00:29:03,480
probable with you frog. 
I think most of my bullish 

546
00:29:03,480 --> 00:29:06,360
crypto takes and like, oh, we're
top of the first is more just on

547
00:29:06,360 --> 00:29:08,640
a longer term. 
Like now we have a crypto from 

548
00:29:08,640 --> 00:29:12,360
the administration. 
But like if, if the S&P corrects

549
00:29:12,360 --> 00:29:18,080
25% in the next three months, 
like there's it's going to 

550
00:29:18,080 --> 00:29:20,200
everything's going to go lower. 
Like let's just be honest about 

551
00:29:20,200 --> 00:29:22,760
it, right? 
Like that has to be how this 

552
00:29:22,760 --> 00:29:26,520
would play out if we see that 
that type of correction and 

553
00:29:26,520 --> 00:29:29,720
stocks have been priced at 
perfection to to steal like 

554
00:29:29,720 --> 00:29:32,480
Peter Jennings terms basically 
priced at perfection all time 

555
00:29:32,480 --> 00:29:36,680
highs every week. 
And now Europe is destabilizing 

556
00:29:36,680 --> 00:29:41,680
and like there's entire world 
orders, feels unstable. 

557
00:29:42,240 --> 00:29:43,720
You want another sign of bear 
market? 

558
00:29:43,800 --> 00:29:45,520
OK, I'm not a bear market. 
I don't think we're in a bear 

559
00:29:45,520 --> 00:29:46,480
market. 
Do you guys think we're in a 

560
00:29:46,480 --> 00:29:47,960
bear market? 
I did a poll yesterday. 

561
00:29:47,960 --> 00:29:50,720
I asked people I think, but I I 
did like bear market, bull 

562
00:29:50,720 --> 00:29:53,800
market or I'm tired boss. 
And obviously 50% say I'm tired,

563
00:29:53,800 --> 00:29:56,720
boss. 
We're probably at that cusp, 

564
00:29:56,880 --> 00:30:01,320
which is like we need more data 
to see where we're going, I 

565
00:30:01,320 --> 00:30:04,880
think. 
Maybe it's muted again, maybe, 

566
00:30:04,880 --> 00:30:10,560
but I feel like I, I thought you
were you were chain Mendo. 

567
00:30:11,240 --> 00:30:13,200
We were just talking about are 
we in a bear market or not? 

568
00:30:13,320 --> 00:30:16,280
I just feel like everyone has 
this crypto bear market mindset 

569
00:30:16,280 --> 00:30:20,800
where it's 2 1/2 years and 
Bitcoin drops 80% and like, I 

570
00:30:20,800 --> 00:30:24,960
think like it could be a a bear 
market without that, right? 

571
00:30:25,040 --> 00:30:30,680
Could be a smaller correction. 
I think it's tough to argue that

572
00:30:30,680 --> 00:30:34,320
we're not hitting their market 
for all coins, right? 

573
00:30:34,360 --> 00:30:38,920
Like it's pretty horrific. 
I don't know if that's for the 

574
00:30:38,920 --> 00:30:46,560
broader crypto market, but 
what's crypto down now like 25% 

575
00:30:46,720 --> 00:30:50,600
Bitcoin? 
It doesn't, this is tough 

576
00:30:50,600 --> 00:30:55,440
because like I think a lot of 
people would still class this as

577
00:30:55,440 --> 00:30:59,080
like a feeling like a bear 
market just kind of like this. 

578
00:30:59,240 --> 00:31:03,960
This to me feels like what it 
felt around FTX and around some 

579
00:31:03,960 --> 00:31:07,360
of these other really, really 
bad sell off. 

580
00:31:07,360 --> 00:31:10,920
So sentiments definitely there 
at that level. 

581
00:31:12,120 --> 00:31:15,200
I'm looking at December 15th, 
crypto was 3.7 trillion. 

582
00:31:15,200 --> 00:31:21,000
It's 2.7 trillion today. 
So that's a proper 30% pull back

583
00:31:21,000 --> 00:31:22,800
from high like it's like what 
are what are even like the 

584
00:31:22,800 --> 00:31:29,520
objective definitions? 
I think it would have to be, I 

585
00:31:29,520 --> 00:31:32,080
don't know what correction is 
normally 10% in most markets, 

586
00:31:32,880 --> 00:31:35,440
like we've obviously smashed 
through a correction. 

587
00:31:36,160 --> 00:31:38,360
Definitely. 
I I don't know what a bear 

588
00:31:38,360 --> 00:31:43,440
market like it's classified as, 
like maybe maybe it's around 30%

589
00:31:43,680 --> 00:31:45,120
that we start. 
To what is that big? 

590
00:31:45,560 --> 00:31:49,640
There's this big, big corner 
that road. 

591
00:31:50,240 --> 00:31:53,080
I'm trying to find this. 
You're the guy that moved all 

592
00:31:53,080 --> 00:31:56,080
this Bitcoin like he's a Bitcoin
maxi big trader that moves all 

593
00:31:56,080 --> 00:31:57,720
his Bitcoin CTS and made a lot 
of noise. 

594
00:31:59,600 --> 00:32:02,440
I can't find it, but he made a 
pretty good thesis on that. 

595
00:32:02,520 --> 00:32:05,600
Like his indicators are all bull
market for now and he's waiting 

596
00:32:05,600 --> 00:32:08,320
on some data on Bitcoin to like 
be able to see where he flips. 

597
00:32:09,200 --> 00:32:11,680
So anyways. 20 percent, 20% for 
bear market. 

598
00:32:11,720 --> 00:32:12,640
You know, that feels a little 
low. 

599
00:32:15,040 --> 00:32:16,320
I'm already down more than that,
right? 

600
00:32:17,160 --> 00:32:21,800
30 OH. 
Shit, fuck. 

601
00:32:21,800 --> 00:32:23,840
Anyways, hang on to your undies 
lads. 

602
00:32:24,320 --> 00:32:26,760
With that, I think when let's go
to the topics, there's a lot of 

603
00:32:26,760 --> 00:32:29,360
stuff, there's a lot of great 
stuff, including Kanye West 

604
00:32:29,360 --> 00:32:32,800
asking to meet onsen. 
So I you know, it's don't worry 

605
00:32:32,800 --> 00:32:34,840
about the trade war. 
Kanye West asked to meet Onsen 

606
00:32:34,840 --> 00:32:45,680
guys. 
Tyler T on FOMO our calls the 

607
00:32:45,720 --> 00:32:50,280
kids. 
Can, yeah, we've been talking 

608
00:32:50,280 --> 00:32:52,760
about the more tariff news. 
Broad weakness in the stock 

609
00:32:52,760 --> 00:32:56,440
markets have pulled down crypto 
majors another 10% or so, alts 

610
00:32:56,440 --> 00:32:59,520
down even more. 
We got news out of Buybit. 

611
00:32:59,520 --> 00:33:02,640
The Buybit hackers have now 
successfully laundered over a 

612
00:33:02,640 --> 00:33:07,640
billion dollars of ETH via Thor 
chain with 83% of that converted

613
00:33:07,640 --> 00:33:11,160
into Bitcoin. 
Though one perhaps positive here

614
00:33:11,160 --> 00:33:15,120
77% of the funds are still 
traceable so so that piece is 

615
00:33:15,120 --> 00:33:16,800
good. 
The SEC they closed 

616
00:33:16,800 --> 00:33:20,000
investigations into Yuga labs 
and Kraken yesterday their two 

617
00:33:20,000 --> 00:33:23,840
latest high profile case drops 
so that was positive. 

618
00:33:24,480 --> 00:33:27,480
A new crypto caucus is being 
spun up to help support crypto 

619
00:33:27,480 --> 00:33:32,120
innovation in the US NASDAQ 
filed with the SEC to list and 

620
00:33:32,120 --> 00:33:35,960
trade Grayscale Hadera ETF. 
The UFC signed the sponsorship 

621
00:33:35,960 --> 00:33:39,240
deal with B chain. 
B chain still around and I 

622
00:33:39,240 --> 00:33:40,640
think. 
They've had that for a while, 

623
00:33:40,640 --> 00:33:42,480
right? 
I just saw the news break 

624
00:33:42,480 --> 00:33:43,440
yesterday. 
Or maybe it's new. 

625
00:33:43,440 --> 00:33:45,120
But yeah, Vici has been 
everywhere in sports. 

626
00:33:45,640 --> 00:33:47,840
Yeah, makes sense. 
And then Snoop Dogg. 

627
00:33:47,840 --> 00:33:49,800
I have a fun headline here. 
Snoop Dogg is partnered with a 

628
00:33:49,800 --> 00:33:54,560
Web 3 music platform. 
He's not FM after a dispute with

629
00:33:54,560 --> 00:33:56,080
Spotify. 
He said that he said he doesn't 

630
00:33:56,080 --> 00:33:59,120
fuck with Spotify anymore. 
He's rolling with Toon dot FM 

631
00:33:59,520 --> 00:34:01,080
and token AirDrop and protocol 
news. 

632
00:34:01,080 --> 00:34:03,880
Zora revealed token AirDrop 
plans with that Zora token 

633
00:34:03,880 --> 00:34:08,040
coming on base this spring. 
Henlow did its AirDrop on Bear 

634
00:34:08,040 --> 00:34:10,360
Chain for eligible users and 
briefly reached 100 million, 

635
00:34:10,600 --> 00:34:12,239
Fell to 25,000,000 fairly 
quickly. 

636
00:34:12,480 --> 00:34:15,719
Mega 8 announces public test net
will be deployed March 6th for 

637
00:34:15,719 --> 00:34:18,960
builders, March 10th for users. 
Hyper Liquid announced that 

638
00:34:18,960 --> 00:34:22,040
mainnet validators will become 
fully permissionless after the 

639
00:34:22,040 --> 00:34:24,480
next upgrade. 
Few other headlines here. 

640
00:34:24,800 --> 00:34:29,800
AI it was down quite a bit. 
Most leaders down 20 to 30% or 

641
00:34:29,800 --> 00:34:32,840
more. 
Virtuals is powering robots dot 

642
00:34:32,840 --> 00:34:36,520
fun, a new launchpad for 
robotics AI and that could be a 

643
00:34:36,520 --> 00:34:39,520
perhaps a new sub sector of this
broader AI market is the 

644
00:34:39,520 --> 00:34:42,239
robotics piece. 
And then in NFTS, the the big 

645
00:34:42,239 --> 00:34:44,199
piece of news was out super rare
huge announcement. 

646
00:34:44,199 --> 00:34:47,800
They announced a new focus on 
curation, streamlined rare token

647
00:34:47,800 --> 00:34:50,520
staking, including a partnership
with transient Labs and then a 

648
00:34:50,520 --> 00:34:54,440
launch of a private sales team 
to go find more real world 

649
00:34:54,440 --> 00:34:57,320
collectors for digital digital 
artists. 

650
00:34:57,320 --> 00:34:59,960
So I think if you are an artist,
you got to be pretty happy about

651
00:34:59,960 --> 00:35:03,320
that. 
Yeah, this is great. 

652
00:35:03,360 --> 00:35:05,800
You know what's funny about the 
Thor chain set stuff with the 

653
00:35:06,120 --> 00:35:08,600
launderers? 
I can't find the tweet anymore. 

654
00:35:09,040 --> 00:35:11,080
I'm pretty sure I'm like 
scrolling. 

655
00:35:11,400 --> 00:35:13,600
I'm pretty sure that one of the 
founders of Thor chain was like,

656
00:35:13,840 --> 00:35:16,760
so the day after the hack, like 
this guy was like boasting like 

657
00:35:17,200 --> 00:35:19,000
volumes like rising on Thor 
chain. 

658
00:35:19,360 --> 00:35:22,000
And I remember someone like 
quote tweeting it like yeah, 

659
00:35:22,000 --> 00:35:25,200
that's North Korea. 
And like 2 weeks later it turns 

660
00:35:25,200 --> 00:35:28,240
out it's like, it's so funny 
this Thor chain guys like 

661
00:35:28,240 --> 00:35:29,960
they're always. 
Like it wasn't the founder, I 

662
00:35:29,960 --> 00:35:32,080
think it was just a community. 
Member Yeah, you. 

663
00:35:32,080 --> 00:35:33,160
You know what I mean, Mando, 
right? 

664
00:35:33,520 --> 00:35:34,720
Yeah, so maybe it wasn't the 
founder. 

665
00:35:34,840 --> 00:35:36,480
The founder. 
Shared it or some shit. 

666
00:35:37,520 --> 00:35:40,480
Well, I think somebody quote 
retweeted them and said this is 

667
00:35:40,520 --> 00:35:41,600
just crime. 
Yeah. 

668
00:35:41,640 --> 00:35:42,000
OK. 
OK. 

669
00:35:42,000 --> 00:35:43,400
So it wasn't founders, so I 
retract. 

670
00:35:43,400 --> 00:35:46,720
I retract in cases like a 10 
second clip that comes out on 

671
00:35:46,720 --> 00:35:47,280
the chip. 
Because. 

672
00:35:47,360 --> 00:35:49,680
You know, it's a clip just 
retracting, but I thought it was

673
00:35:49,680 --> 00:35:50,880
hilarious. 
Like someone was like, yeah, 

674
00:35:50,880 --> 00:35:52,440
Thorn Train is seeing all time 
high volumes. 

675
00:35:52,440 --> 00:35:54,320
It was like literally like the 
day after the hack. 

676
00:35:56,080 --> 00:36:01,320
So I think this has been going 
on for ages though, right? 

677
00:36:01,320 --> 00:36:02,600
It's all changed. 
Oh, we got some news from 

678
00:36:02,600 --> 00:36:05,440
Zelensky here. 
Yeah, I've seen it, Yeah. 

679
00:36:05,440 --> 00:36:07,760
Zolensky says he's ready to work
on the Trump strong leadership 

680
00:36:07,760 --> 00:36:09,480
to bring peace. 
Sorry, go ahead. 

681
00:36:09,480 --> 00:36:12,040
But since we're talking about 
all this war shit 2 seconds ago,

682
00:36:12,040 --> 00:36:13,360
I think it's important. 
It's important. 

683
00:36:13,680 --> 00:36:14,920
It is important, yeah. 3 minutes
ago. 

684
00:36:14,920 --> 00:36:18,160
So we'll see. 
Have you thanked your president 

685
00:36:18,160 --> 00:36:20,840
today? 
That is the best meme. 

686
00:36:21,520 --> 00:36:24,600
I have to say the JD Vance meme 
is really funny. 

687
00:36:24,960 --> 00:36:27,880
I'm not buggy at. 
This it's so. 

688
00:36:28,720 --> 00:36:34,880
Good say it's really funny, man 
like oh man, have you Thanks you

689
00:36:34,880 --> 00:36:36,680
did you Who's is there president
in president? 

690
00:36:36,680 --> 00:36:38,240
I never checked. 
Is there president in Portugal, 

691
00:36:38,240 --> 00:36:39,800
Prime Minister? 
How the king like, How does it 

692
00:36:39,800 --> 00:36:41,680
work there? 
Yeah, there's a president and a 

693
00:36:41,680 --> 00:36:43,960
Prime Minister. 
So is the president in Portland?

694
00:36:44,080 --> 00:36:46,160
OK, so you guys because us is 
prime here because we have the 

695
00:36:46,160 --> 00:36:47,600
Queen, the King, sorry, King 
Charles. 

696
00:36:48,000 --> 00:36:50,320
Yeah, it's got 2. 
Two, have you thanked your King 

697
00:36:50,320 --> 00:36:53,800
today? 
OK, anyways not to cite too. 

698
00:36:54,320 --> 00:36:56,680
Too close to reality there. 
Too close to reality. 

699
00:36:56,720 --> 00:36:58,640
We've seen some relief from the 
order books here. 

700
00:36:58,640 --> 00:37:02,520
So that went from 1:35 to 1:36. 
Yeah, sure. 

701
00:37:02,520 --> 00:37:07,320
It's getting wrecked live on air
on on this bibiness. 

702
00:37:07,320 --> 00:37:09,440
Is there? 
Is there a silver lining in this

703
00:37:09,440 --> 00:37:11,040
Bibet news? 
Maybe it's just me. 

704
00:37:11,040 --> 00:37:12,560
Hopium. 
I want to try to flip positive. 

705
00:37:12,640 --> 00:37:13,680
Gives us the hopium. 
Come on. 

706
00:37:14,200 --> 00:37:18,320
So ETH has been underperforming,
yes, the coin and soul in this 

707
00:37:18,320 --> 00:37:21,520
downturn. 
I mean, is it just literally 

708
00:37:21,520 --> 00:37:26,080
because the North Korean hackers
just converted $1 billion of ETH

709
00:37:26,080 --> 00:37:28,040
into Bitcoin? 
Is that what that look on thin 

710
00:37:28,040 --> 00:37:30,080
wallet was or not? 
Because it was also wallet that 

711
00:37:30,200 --> 00:37:34,440
moved like an absurd amount of 
Ethereum yesterday to sell I. 

712
00:37:34,600 --> 00:37:38,000
Mean that's a lot of bonus cell 
pressure right like and now and 

713
00:37:38,000 --> 00:37:40,200
we didn't know like how quickly 
they were going to be doing it 

714
00:37:40,200 --> 00:37:46,800
and now the reports are that 83%
of $1.4 billion has already been

715
00:37:46,800 --> 00:37:49,920
converted from. 
ET no no, but there's also this.

716
00:37:50,600 --> 00:37:53,080
Check this out A whale wallet 
with over 110,000 ETH 

717
00:37:53,080 --> 00:37:55,560
$235,000,000 appears to be 
selling ETH. 

718
00:37:55,560 --> 00:37:57,960
In the past 14 hours, this 
wallet has transferred 30,000 

719
00:37:57,960 --> 00:38:01,360
ETH to Falcon X and Galaxy 
Digital and received 7.76 

720
00:38:01,360 --> 00:38:04,480
million USDC from Falcon X. 
The wallet may be related to 

721
00:38:04,480 --> 00:38:06,480
Genesis trading, so there's also
this. 

722
00:38:06,880 --> 00:38:09,000
Yeah, which is, I mean, and 
that's 60 million. 

723
00:38:09,000 --> 00:38:14,080
I'm I'm talking about a billion.
No, it's 200 million that they 

724
00:38:14,080 --> 00:38:16,800
have to sell. 
They they have, yeah. 

725
00:38:16,800 --> 00:38:18,160
So. 
You also are talking about a 

726
00:38:18,160 --> 00:38:19,560
billion, so yeah. 
Yeah. 

727
00:38:19,880 --> 00:38:23,640
And this is a lot, but you know,
I'm still relying with with the 

728
00:38:23,880 --> 00:38:27,160
the was with the buy business. 
Maybe they're. 

729
00:38:27,160 --> 00:38:30,960
Are you logging ETH Tyler? 
We're done selling I I'm just 

730
00:38:30,960 --> 00:38:33,600
looking for any reasons that our
assets are going to stop going 

731
00:38:33,600 --> 00:38:37,600
to 0 actively. 
I mean, ETH does affect a lot of

732
00:38:37,600 --> 00:38:40,200
our assets because NFTS are all 
like mostly on ETH. 

733
00:38:40,440 --> 00:38:43,480
I don't know, Amanda, what do 
you think? 

734
00:38:43,480 --> 00:38:48,280
Do you think ETH is oversold? 
Just stop answering that 

735
00:38:48,280 --> 00:38:49,000
question. 
Ever. 

736
00:38:50,920 --> 00:38:52,320
I know, we thought. 
I saw where I was going. 

737
00:38:52,320 --> 00:38:54,800
I was just going like, is that 
perhaps one of the reasons why 

738
00:38:54,800 --> 00:38:58,280
we're performing and now that 
reason is is gone doesn't mean 

739
00:38:58,280 --> 00:39:00,960
it's kind of bounce back? 
We've got a good bounce right 

740
00:39:00,960 --> 00:39:02,840
now happening. 
Hopefully it sustains. 

741
00:39:04,480 --> 00:39:07,600
I obviously I just considered 
buying Solana last night when it

742
00:39:07,600 --> 00:39:11,280
was in 131. 
I didn't because I was scared. 

743
00:39:11,680 --> 00:39:13,240
That's how it the state of the 
market. 

744
00:39:13,680 --> 00:39:16,840
I was scared to buy spot, not 
even leverage. 

745
00:39:17,480 --> 00:39:23,240
Yeah. 
But the more this Zelensky shit 

746
00:39:23,240 --> 00:39:25,400
gets figured out, the whole 
Ukraine, Russia's thing, the 

747
00:39:25,400 --> 00:39:27,680
more we're going towards relief,
hopefully, because that removes 

748
00:39:27,680 --> 00:39:30,160
the whole war terror. 
But. 

749
00:39:30,840 --> 00:39:32,960
But, but he's being kind of 
nondescript. 

750
00:39:32,960 --> 00:39:34,400
He was saying this from the 
start, right? 

751
00:39:34,400 --> 00:39:39,320
He would only sign it if you get
security guarantees. 

752
00:39:39,560 --> 00:39:41,600
Yeah, he wants security 
guarantees, money and a bunch of

753
00:39:41,600 --> 00:39:43,640
stuff. 
That's what Lutnick was. 

754
00:39:43,640 --> 00:39:45,680
And he's not saying he's not 
saying it. 

755
00:39:45,880 --> 00:39:48,920
He said he'll sign it. 
But like he wants security 

756
00:39:49,280 --> 00:39:50,920
guarantees. 
That's what Lutnick was talking 

757
00:39:50,920 --> 00:39:53,120
about on TV, right this morning.
Was it Lutnick or? 

758
00:39:53,400 --> 00:39:57,680
Yeah, it was Lutnick saying that
there was some stuff that they 

759
00:39:57,680 --> 00:39:59,600
wanted. 
I forgot who was talking about 

760
00:39:59,600 --> 00:40:00,920
it. 
Anyways, Tyler, what else you 

761
00:40:00,920 --> 00:40:05,240
got for us? 
Yeah, I mean the Zora news was 

762
00:40:05,240 --> 00:40:06,680
pretty big. 
I think a decent amount of 

763
00:40:06,680 --> 00:40:09,840
folks, probably more so on the 
arts side of the house have have

764
00:40:09,840 --> 00:40:12,480
used Zora. 
It's a popular platform for 

765
00:40:12,480 --> 00:40:16,160
additions, specifically low 
cost. 

766
00:40:16,160 --> 00:40:18,560
So we got some more details 
around the token, 10 billion 

767
00:40:18,560 --> 00:40:21,440
tokens coming on base spring 
2025. 

768
00:40:21,960 --> 00:40:26,080
Interesting tokenomics here, 10%
for the AirDrop, 20% for ongoing

769
00:40:26,080 --> 00:40:29,280
community incentives. 
It seemed like that 30% was is 

770
00:40:29,280 --> 00:40:33,840
pretty much the core community 
part, around 65% for the team 

771
00:40:33,840 --> 00:40:37,480
treasury and contributors. 
So a bit heavier on that side. 

772
00:40:37,480 --> 00:40:40,920
And then sometimes we'll see. 
Looks like the first snapshot is

773
00:40:40,920 --> 00:40:44,000
already in there is another 
snapshot coming soon. 

774
00:40:44,000 --> 00:40:47,360
And I'd say if someone is 
interested in perhaps becoming 

775
00:40:47,360 --> 00:40:50,960
eligible, that the actions are 
to go sign up at zora.co if you 

776
00:40:50,960 --> 00:40:55,280
haven't already and then. 
A lot of you have interacted 

777
00:40:55,280 --> 00:40:57,920
with Zora, so just check. 
Yeah, a lot of you have 

778
00:40:58,000 --> 00:40:59,640
interacted with Zora, my stuff 
included. 

779
00:40:59,680 --> 00:41:02,600
So if you've minted probably 
Jack Butcher's work, you've 

780
00:41:02,600 --> 00:41:05,640
interacted with Zora as well. 
Some of all his editions lately 

781
00:41:05,640 --> 00:41:06,920
were Zora on. 
Base. 

782
00:41:06,920 --> 00:41:08,920
Oh yeah. 
Oh, I have used Zora. 

783
00:41:09,240 --> 00:41:12,320
You have used Zora bro. 
All of Jack Butcher's stuff, all

784
00:41:12,320 --> 00:41:14,920
of these massive editions on 
base are Zora. 

785
00:41:15,120 --> 00:41:17,840
All of them. 
I'm pretty sure there's the the 

786
00:41:17,840 --> 00:41:19,800
X copy one was as well that 
insect one. 

787
00:41:20,840 --> 00:41:23,200
I mean Zora has been powering 
NFTS on base like they are the 

788
00:41:23,360 --> 00:41:25,440
provider of it. 
I mean, they're, I like that 

789
00:41:25,440 --> 00:41:27,160
team. 
They always like pivot, right? 

790
00:41:27,240 --> 00:41:29,400
It seems like they they've been 
trying to make like a lot of 

791
00:41:30,120 --> 00:41:32,000
exchange and exchanges. 
Sorry, what's the term for 

792
00:41:32,000 --> 00:41:35,360
exchanges? 
Marketplaces for NFTS have only 

793
00:41:35,360 --> 00:41:37,000
shut down even maker's place 
most recently. 

794
00:41:37,000 --> 00:41:39,080
You saw that and etcetera, 
etcetera, etcetera or pivoted 

795
00:41:39,880 --> 00:41:41,560
foundation became Rodeo, which 
is social app. 

796
00:41:42,040 --> 00:41:44,120
It's actually doing pretty well.
I actually like what Kayvon's 

797
00:41:44,120 --> 00:41:45,760
doing. 
But point being like Zora has 

798
00:41:45,760 --> 00:41:47,240
also always found a way to 
pivot. 

799
00:41:47,640 --> 00:41:50,040
Probably it seems like they have
Jesse's full support in base 

800
00:41:50,040 --> 00:41:51,280
team. 
So they have like hardcore 

801
00:41:51,280 --> 00:41:52,640
support. 
Zora's probably going to get 

802
00:41:52,640 --> 00:41:55,400
Coinbase. 
They won, by the way, Tyler, so 

803
00:41:55,520 --> 00:41:57,880
there's something there. 
Hopefully it's PV season and he 

804
00:41:57,880 --> 00:42:00,120
pulls a Kaido, so we'll see. 
Where's Kaido at? 

805
00:42:00,120 --> 00:42:02,360
Actually, yeah, in this 
downtrend, I'm curious how 

806
00:42:02,360 --> 00:42:04,240
Qaeda's holding up. 
It's been falling. 

807
00:42:05,160 --> 00:42:07,000
I mean, obviously, but like I'm 
wondering like is it falling 

808
00:42:07,000 --> 00:42:09,160
like more than the rest or is it
like at 1:55? 

809
00:42:09,160 --> 00:42:13,080
I mean, that's bound to happen, 
but it's the 155, like it's the 

810
00:42:13,080 --> 00:42:16,560
1 1/2 billion dollar coin. 
So shout out to them anyways. 

811
00:42:16,560 --> 00:42:17,640
All right, Tyler, what else do 
we have? 

812
00:42:18,440 --> 00:42:21,320
One lighter story, but I think 
it's it's fun and and it could 

813
00:42:21,320 --> 00:42:23,520
matter was this Snoop Dogg 
story. 

814
00:42:23,520 --> 00:42:26,600
So I I wrote about it for the 
newsletter this morning. 

815
00:42:27,840 --> 00:42:31,080
He announced a partnership with 
Tune dot FM, which is blockchain

816
00:42:31,080 --> 00:42:36,160
based music streaming service. 
This is him stepping away from 

817
00:42:36,160 --> 00:42:38,320
Spotify to a degree. 
He hasn't fully cut ties. 

818
00:42:38,320 --> 00:42:39,960
He still has a lot of music on 
Spotify. 

819
00:42:40,120 --> 00:42:44,720
It's on Hedera. 
It is on Hedera, so on H Bar. 

820
00:42:44,800 --> 00:42:48,880
Their differentiator here is 
they offer real time payments. 

821
00:42:49,280 --> 00:42:52,040
Wow. 
Platform using their native 

822
00:42:52,040 --> 00:42:54,480
tokens jam token. 
Look at that, it's the Montreal 

823
00:42:54,480 --> 00:42:56,280
Canadiens jersey. 
You seen this? 

824
00:42:56,280 --> 00:43:01,440
Ontario News Ontario is 
implementing a 25% export tax on

825
00:43:01,440 --> 00:43:04,920
electricity to the US, impacting
1.5 million homes in Minnesota, 

826
00:43:04,920 --> 00:43:08,000
Michigan and New York. 
Yeah, I know, I know. 

827
00:43:08,000 --> 00:43:11,480
One of our home is fucked. 
That's wild. 

828
00:43:12,520 --> 00:43:14,680
Yeah, I mean, Ontario and 
Quebec. 

829
00:43:14,680 --> 00:43:16,800
So Quebec also was said like, 
yo, I'll go to war against Trump

830
00:43:16,800 --> 00:43:17,880
like the Prime Minister 
yesterday. 

831
00:43:19,240 --> 00:43:23,960
And Quebec also provides a fuck 
ton of electricity because we 

832
00:43:23,960 --> 00:43:25,520
have the biggest water resources
in the world, right? 

833
00:43:27,000 --> 00:43:29,640
Clearwater that is freshwater 
clear, whatever it is. 

834
00:43:30,480 --> 00:43:32,880
Anyways. 
Anyways, let's get back to we're

835
00:43:32,880 --> 00:43:34,680
talking about something lighter,
Mando, OK? 

836
00:43:34,720 --> 00:43:37,800
We're talking about music NFTS 
on Hadera, OK? 

837
00:43:39,960 --> 00:43:43,240
Sorry, let's get back to that. 
For for one second, let's not 

838
00:43:43,240 --> 00:43:47,280
talk for God's sake, man. 
OK, for God's sakes, indeed. 

839
00:43:47,280 --> 00:43:49,040
All right, Tyler, back to you, 
Tyler. 

840
00:43:51,200 --> 00:43:55,400
Well, interestingly enough, 
Snoop's Tune dot FM partnership 

841
00:43:55,560 --> 00:43:58,200
will include NFT backed music 
ownership. 

842
00:43:58,200 --> 00:44:01,240
So music NFTS on the table 
folks. 

843
00:44:01,240 --> 00:44:05,560
Exclusive fan experiences, 
giveaways and collectibles. 

844
00:44:06,240 --> 00:44:09,280
Their CEO went on the record, 
said Snoop is the OG pioneer, 

845
00:44:09,280 --> 00:44:11,160
always on the cutting edge. 
He is. 

846
00:44:11,160 --> 00:44:16,200
Technology so like this is not 
his his snoop's first venture 

847
00:44:16,280 --> 00:44:18,560
into web three. 
I think folks certainly remember

848
00:44:19,320 --> 00:44:22,440
like the his metaverse plans 
back from 21/20/20. 

849
00:44:22,440 --> 00:44:23,720
Two, I mean he was active as 
fuck. 

850
00:44:23,720 --> 00:44:25,000
I've interviewed him like 3 
times. 

851
00:44:25,000 --> 00:44:27,040
He was a red guy. 
He was a red guy. 

852
00:44:27,040 --> 00:44:28,120
He bought. 
A red guy, he. 

853
00:44:28,160 --> 00:44:30,240
Minted a red guy no. 
He didn't. 

854
00:44:30,240 --> 00:44:31,560
He bought it. 
Oh, he bought it. 

855
00:44:31,760 --> 00:44:34,560
So he bought a red guy back then
he had his whole Cazamo Snoop 

856
00:44:34,560 --> 00:44:37,400
Dogg joke that was running. 
Like he's been actually actually

857
00:44:37,400 --> 00:44:41,200
went to his studio once, smoked 
a blunt there that was nice. 

858
00:44:41,440 --> 00:44:44,400
That's 20/21 was fun for me 
because like I got to do some 

859
00:44:44,400 --> 00:44:46,040
cool shit. 
It was wider. 

860
00:44:46,480 --> 00:44:48,920
Yeah, it was nice. 
I got to hang out with Champ a 

861
00:44:48,920 --> 00:44:49,800
lot. 
His son. 

862
00:44:50,440 --> 00:44:52,440
They they're tapped in. 
They were they for what's worth,

863
00:44:52,440 --> 00:44:55,040
out of all the celebrities that 
bought board apes, he still has 

864
00:44:55,040 --> 00:44:56,240
it. 
He still rocks the the whole 

865
00:44:56,240 --> 00:44:58,240
board ape pendant. 
Like they still fuck with like 

866
00:44:58,240 --> 00:45:01,960
rock with the apes big time, 
like big, big time on like a lot

867
00:45:01,960 --> 00:45:03,400
of celebrities that came in and 
left right. 

868
00:45:04,000 --> 00:45:06,600
So Snoop is the GOAT man. 
He's done he's done a lot of 

869
00:45:06,600 --> 00:45:08,560
music NFTS before. 
He sold a lot of songs, NFTS as 

870
00:45:08,560 --> 00:45:11,000
well, Death Row Records when he 
bought it back. 

871
00:45:11,000 --> 00:45:13,440
I'm pretty sure there's a whole 
Web 3 component to that, by the 

872
00:45:13,440 --> 00:45:16,520
way. 
There's a whole thing to that. 

873
00:45:16,520 --> 00:45:19,600
So he's they actually do like 
him and his entourage. 

874
00:45:20,000 --> 00:45:25,080
Actually they're they're tapped 
into the whole industry. 

875
00:45:25,080 --> 00:45:26,840
I just haven't spoken to him 
since 2020. 

876
00:45:26,840 --> 00:45:31,800
Two or three, but I have tapped.
Of course, disrupting Spotify 

877
00:45:31,800 --> 00:45:34,520
and other streaming services is 
is a mammoth task, right? 

878
00:45:34,520 --> 00:45:37,800
And I don't know if tune is 
going to be the the company that

879
00:45:37,800 --> 00:45:41,840
that figures it out, but there 
is something here, right, like 

880
00:45:41,880 --> 00:45:44,840
real time micro payments enabled
by the blockchain, all 

881
00:45:44,840 --> 00:45:48,360
verifiable, all transparent like
thing. 

882
00:45:48,520 --> 00:45:52,120
We we've seen artists upset with
how they're compensated 

883
00:45:52,800 --> 00:45:56,600
streaming services like Spotify.
So oh, shout out to them for for

884
00:45:56,600 --> 00:46:01,200
at least attempting it. 
Yeah, yeah, 100%. 

885
00:46:01,200 --> 00:46:03,600
I'll never forget stupid coming 
on a show and being like, what 

886
00:46:03,600 --> 00:46:06,200
the fuck is rock radio? 
And I was like, oh shit, that 

887
00:46:06,200 --> 00:46:09,040
was funny. 
All right, well, there's that. 

888
00:46:09,040 --> 00:46:13,720
Speaking of apes, yesterday 
cracking news came in during the

889
00:46:13,720 --> 00:46:16,840
show that the SEC is dismissing 
their case and then followed by 

890
00:46:17,440 --> 00:46:20,720
the dismissal of a three-year 
investigation on Yuga Labs as 

891
00:46:20,720 --> 00:46:22,560
well. 
So I think this is because all 

892
00:46:22,560 --> 00:46:25,960
the previous precedent were for 
exchanges or crypto companies. 

893
00:46:25,960 --> 00:46:27,880
This is the first precedent that
we have for an NFT company. 

894
00:46:27,880 --> 00:46:30,280
So I think it's worth noting for
us here in our audience. 

895
00:46:30,280 --> 00:46:32,240
After three plus years, yes, he 
has officially closed its 

896
00:46:32,240 --> 00:46:35,640
investigation to Yuga Labs. 
This is a huge win for NF TS and

897
00:46:35,640 --> 00:46:37,080
all creators pushing our equal 
system forward. 

898
00:46:37,080 --> 00:46:40,320
NF TS are not securities. 
I, for one, celebrated that. 

899
00:46:40,320 --> 00:46:42,560
I think that's very fucking good
for our industry. 

900
00:46:43,840 --> 00:46:46,040
Yeah, big news. 
I mean, I don't know, there's a 

901
00:46:46,040 --> 00:46:48,960
whole lot more to unpack than 
what they announced right here, 

902
00:46:48,960 --> 00:46:50,800
but I think everyone, we can 
breathe a little bit more. 

903
00:46:51,080 --> 00:46:54,240
Cyber Leaf sucks. 
Yoga had to to be the one 

904
00:46:54,240 --> 00:46:56,800
fighting the fight, right? 
I'm sure it was very expensive. 

905
00:46:57,520 --> 00:47:00,280
Yeah. 
Hopefully we can all move on. 

906
00:47:00,280 --> 00:47:02,520
Hopefully he dropped cyber congs
next, which is probably going to

907
00:47:02,520 --> 00:47:03,840
happen. 
No, that was a that was a last, 

908
00:47:03,840 --> 00:47:06,800
last last one to get attacked by
the Biden administration. 

909
00:47:06,800 --> 00:47:08,480
That was like very last, like 
last inning. 

910
00:47:08,880 --> 00:47:11,600
They had like most ponziest 
stuff of anyone, right? 

911
00:47:11,600 --> 00:47:14,000
Like with bananas. 
Yeah, but you know, when you 

912
00:47:14,000 --> 00:47:16,760
think about it like I think. 
I'm not, I'm not saying they 

913
00:47:16,760 --> 00:47:18,200
were security, I'm just saying 
that like that. 

914
00:47:18,200 --> 00:47:20,240
One, yeah, because they were, 
yeah, yielding tokens, right? 

915
00:47:20,520 --> 00:47:22,560
So technically speaking, you 
could think about it that way, 

916
00:47:22,600 --> 00:47:23,840
folks. 
Ivor comes with like 100 eats. 

917
00:47:23,840 --> 00:47:28,560
Remember 2. 100 eats. 
That was the before. 

918
00:47:28,920 --> 00:47:29,880
What do you remember? 
Proof. 

919
00:47:29,880 --> 00:47:32,040
Collective pass. 
Yes. 

920
00:47:32,560 --> 00:47:34,560
But like point being like, I 
think like so when you think 

921
00:47:34,560 --> 00:47:36,440
about it from the board where 
I'm happy you got labs on. 

922
00:47:36,440 --> 00:47:41,120
So Yuga labs sold, issued NFTS, 
collectibles, made money with 

923
00:47:41,120 --> 00:47:43,720
it, but that was kind of like a 
raise to build the company. 

924
00:47:44,360 --> 00:47:46,240
So they, they, they, they bought
the company off that. 

925
00:47:46,360 --> 00:47:49,480
Then they, you know, the 
foundation, a coin launch a 

926
00:47:49,480 --> 00:47:51,280
token, right? 
Whatever they adopted it. 

927
00:47:51,520 --> 00:47:53,320
We know how that works. 
There's only one reason we have 

928
00:47:53,320 --> 00:47:55,400
to, we have to do this in this 
industry is because the previous

929
00:47:55,400 --> 00:47:59,360
administration, right? 
Point being launch a token this 

930
00:47:59,560 --> 00:48:02,560
the other side meant some people
could have considered this as 

931
00:48:02,560 --> 00:48:04,720
some sort of a raise or whatever
right, because I was an absurd 

932
00:48:04,720 --> 00:48:06,560
amount of money that they raised
to build this metaverse. 

933
00:48:07,360 --> 00:48:09,040
But it's not right. 
It's still a collectible. 

934
00:48:09,200 --> 00:48:11,400
And so I think it's really good 
precedent for the company, for 

935
00:48:11,400 --> 00:48:14,800
the industry they won because 
that clears a lot of pathway and

936
00:48:14,800 --> 00:48:16,920
because Yuga has tried a lot of 
different things. 

937
00:48:17,240 --> 00:48:21,040
And if all of it is dismissed, 
then that's good, right, as a 

938
00:48:21,040 --> 00:48:23,760
whole, so. 
Yeah, absolutely. 

939
00:48:24,480 --> 00:48:26,600
So we'll see what happens then. 
So this is good. 

940
00:48:27,160 --> 00:48:29,920
I'm just hyped dude, like on the
founder level, like I'm really 

941
00:48:29,920 --> 00:48:32,000
happy because every time some 
things like this happens, I send

942
00:48:32,000 --> 00:48:34,120
to logs for Co and I'm like 
dude, like we can do so much 

943
00:48:34,120 --> 00:48:36,920
more than we think. 
So it's good. 

944
00:48:37,040 --> 00:48:39,680
I'm really happy we've been 
waiting the this clarity is 

945
00:48:39,680 --> 00:48:41,520
getting better. 
I know the market sucks, but. 

946
00:48:42,680 --> 00:48:45,200
You're still positive? 
I'm positive as the founder 

947
00:48:45,200 --> 00:48:47,680
because I can do much more dude,
like for Myriad now, like I'm 

948
00:48:47,680 --> 00:48:50,920
like, wow, like the coast is so 
clear for me to just try shit 

949
00:48:51,440 --> 00:48:55,480
and just do dope stuff like, you
know, could be fun. 

950
00:48:55,600 --> 00:48:59,560
I mean, I don't know. 
Anyways, raffle ball dot XYZ. 

951
00:48:59,560 --> 00:49:01,960
We'll go through one more topic.
Maybe it's just so we can get 

952
00:49:01,960 --> 00:49:04,200
you guys the raffle. 
Sorry, raffle ball dot XYZ 

953
00:49:05,280 --> 00:49:07,440
raffle ball dot XYZ every 
Tuesday to Friday, shout to 

954
00:49:07,440 --> 00:49:10,080
robot. 
We do a robot spin and everybody

955
00:49:10,080 --> 00:49:11,600
wins. 
There's always someone winning. 

956
00:49:11,600 --> 00:49:13,520
You come on the stage, you win 
something 100%. 

957
00:49:13,520 --> 00:49:18,400
So raffle ball dot XYZ. 
The code is candle CANDLECANDLE 

958
00:49:18,400 --> 00:49:21,640
candle. 
So while while we while you guys

959
00:49:21,640 --> 00:49:23,560
enter quickly. 
Did you guys see this news, 

960
00:49:23,840 --> 00:49:25,240
Tyler? 
What else happened? 

961
00:49:25,240 --> 00:49:28,120
Ricardo Salinas net worth of 5.8
billion. 

962
00:49:28,120 --> 00:49:31,400
That locate allocates 570% of 
his portfolio to Bitcoin. 

963
00:49:31,680 --> 00:49:33,920
It's huge. 
Huge, huge. 

964
00:49:34,120 --> 00:49:38,480
I think he's smart. 
I I don't think billionaires are

965
00:49:38,480 --> 00:49:42,840
are storing their their net 
worth in Bitcoin because they 

966
00:49:42,840 --> 00:49:44,840
think this industry is all going
to 0. 

967
00:49:45,320 --> 00:49:48,360
Yeah, did you see nature? 
Rossi's point? 

968
00:49:48,360 --> 00:49:53,080
So the way the way the way 
BlackRock is selling it now is 

969
00:49:53,320 --> 00:49:56,320
if, if every millionaire in 
America tries to buy one 

970
00:49:56,320 --> 00:49:57,640
Bitcoin, there's not enough 
Bitcoin. 

971
00:49:57,920 --> 00:49:59,520
Like it, It's a good pitch. 
It's. 

972
00:50:00,160 --> 00:50:02,320
One of the best pitches out. 
There, right, It's the best 

973
00:50:02,360 --> 00:50:05,240
pitch. 
Like right now, if you think 

974
00:50:05,240 --> 00:50:09,760
that we're about to maybe go 
through a trade war, maybe 

975
00:50:10,880 --> 00:50:14,200
certain regional wars flaring up
like it's tough. 

976
00:50:14,400 --> 00:50:15,400
Oh, you don't want to own 
Bitcoin. 

977
00:50:15,960 --> 00:50:17,560
Imagine you owned a 
multinational right now and 

978
00:50:17,560 --> 00:50:19,440
you're like, what can I hedge? 
Bitcoin only you. 

979
00:50:19,720 --> 00:50:25,040
Want to own stocks? 
No Bitcoin gold and and maybe 

980
00:50:25,040 --> 00:50:26,400
Bitcoin. 
Just Bitcoin. 

981
00:50:26,480 --> 00:50:29,560
I just want Bitcoin. 
I I I should have bought the 

982
00:50:29,560 --> 00:50:32,360
laws of 70K and just like logged
off and worked forever. 

983
00:50:32,440 --> 00:50:34,560
This is like this is how I feel 
about this whole thing. 

984
00:50:34,560 --> 00:50:37,640
I mean 82 K is not that far from
70K so I could do it now but 

985
00:50:38,240 --> 00:50:40,280
just Bitcoin. 
Bitcoin is so comfy like even 

986
00:50:40,280 --> 00:50:43,160
that last. 
Yeah, but it, it could still go 

987
00:50:43,160 --> 00:50:44,520
a lot lower, you know what I'm 
saying? 

988
00:50:44,760 --> 00:50:47,480
I'm just saying that the the IT 
will always rebound. 

989
00:50:47,880 --> 00:50:50,640
I mean, we could definitely 
revisit that 75K mark again. 

990
00:50:50,840 --> 00:50:52,800
I guess March 7th, we'll see 
what happens, but I don't know, 

991
00:50:52,800 --> 00:50:56,160
like my my, let's keep our 
expectations low so that we can 

992
00:50:56,160 --> 00:50:58,200
get surprised on Friday. 
Very low. 

993
00:50:58,520 --> 00:51:05,320
Because news into a good news 
into a low volatility Friday 

994
00:51:05,520 --> 00:51:07,920
could be pretty nice. 
I mean, personally, I love the 

995
00:51:07,920 --> 00:51:10,640
genius of announcing strategic 
reserve on a Sunday when 

996
00:51:10,640 --> 00:51:13,080
traditional markets are closed 
and Wall Street sleeps for the 

997
00:51:13,080 --> 00:51:14,760
first time. 
Retail investors win. 

998
00:51:15,040 --> 00:51:18,040
Traditional finance better catch
up or will quickly become 

999
00:51:18,040 --> 00:51:20,160
extinct. 
The world no longer runs a 

1000
00:51:20,160 --> 00:51:23,800
Monday to Friday, 9:00 to 5:00. 
I love that it's so good. 

1001
00:51:23,840 --> 00:51:26,280
I think this is my favorite copy
pasta in the history of crypto. 

1002
00:51:26,800 --> 00:51:28,680
Yeah. 
I think this has become it's my 

1003
00:51:28,680 --> 00:51:32,280
favorite one above the in case 
of I may have to turn that pasta

1004
00:51:32,280 --> 00:51:33,800
into like a button on my Rd. 
caster. 

1005
00:51:34,800 --> 00:51:37,800
Thank me later. 
We might actually need that. 

1006
00:51:39,280 --> 00:51:42,120
I've been sending that pasta in 
every chat like I just people 

1007
00:51:42,120 --> 00:51:44,760
write talk about life. 
I just fucking hit it like it's 

1008
00:51:44,840 --> 00:51:47,920
so funny. 
Anyways, all right, y'all, let's

1009
00:51:50,000 --> 00:51:51,800
let's go let's go. 
Let's let's do this giveaway 

1010
00:51:51,800 --> 00:51:56,440
thing Meanwhile, while you bring
it up, Tyler Sims, let's do it. 

1011
00:51:56,440 --> 00:51:59,600
But as you see, the fear and 
green index went to 10 to 36 

1012
00:51:59,600 --> 00:52:01,840
back to 15. 
Feels right. 

1013
00:52:02,480 --> 00:52:06,200
I, I, I don't know, I actually 
feel like fear is worse today 

1014
00:52:06,200 --> 00:52:10,240
than it was last week. 
Well, because we got to, we 

1015
00:52:10,280 --> 00:52:12,800
retraced the entire fucking 
biggest candle in history. 

1016
00:52:12,960 --> 00:52:15,560
Like that was the first time, 
like people got destroyed. 

1017
00:52:15,680 --> 00:52:16,760
Yeah, I was talking about this, 
but yeah.