1 00:00:00,200 --> 00:00:03,120 Oh, yo-yo, what up? What up? 2 00:00:03,120 --> 00:00:14,840 Good morning, Good morning, GMG. No, it's not even Friday. 3 00:00:15,120 --> 00:00:17,800 Probably saying Friday. True, it feels like Friday. 4 00:00:17,800 --> 00:00:22,400 Let me tell you that. Tuesday, Thursday, May 21st, 5 00:00:22,560 --> 00:00:30,920 2020 4 44444 Look at that. Another beautiful day to have a 6 00:00:30,920 --> 00:00:35,120 beautiful day. I got my coast in the house. 7 00:00:35,480 --> 00:00:38,880 Tyler Mando. Whoa, how you guys doing this 8 00:00:38,880 --> 00:00:43,680 morning, GM? Doing fantastic. 9 00:00:43,680 --> 00:00:45,200 What a day. What a 24 hours. 10 00:00:46,760 --> 00:00:48,440 What a 24 hours. What a day, What a day, What a 11 00:00:48,440 --> 00:00:50,200 day. What a What's up, Tyler? 12 00:00:50,800 --> 00:00:52,520 What's up? It's the greenest day I can 13 00:00:52,520 --> 00:00:55,400 remember, so how could you not be on Cloud 9? 14 00:00:55,840 --> 00:00:58,960 Here this morning the greatest day I can remember. 15 00:00:58,960 --> 00:01:02,720 Look at that. I mean holy holy holy ETH added 16 00:01:02,720 --> 00:01:07,800 Solana's market cap one day Bro that is just crazy. 17 00:01:07,800 --> 00:01:10,160 Oh what you think about this. I mean it's turbo bullish might 18 00:01:10,160 --> 00:01:12,880 have been for everything but I just think I think this is just 19 00:01:12,880 --> 00:01:18,440 so so so so so crazy. Oh my God what a time to oh wait 20 00:01:18,440 --> 00:01:21,720 update from James Seifart. Grayscale just filed an updated 21 00:01:21,720 --> 00:01:23,520 19B4 for the Ethereum mini trust. 22 00:01:23,520 --> 00:01:26,120 We should see a bunch of these coming in today, so I feel like 23 00:01:26,120 --> 00:01:28,360 I'm relieving this again, man. Remember on the show that 24 00:01:28,360 --> 00:01:31,520 morning we're like we're just waiting for 19 B fours for the 25 00:01:31,560 --> 00:01:33,880 Beats by Co ETF live on the show. 26 00:01:33,880 --> 00:01:36,600 They were just coming up. There they are yesterday. 27 00:01:36,600 --> 00:01:38,040 They were saying going to take weeks to have him. 28 00:01:38,520 --> 00:01:43,480 It is a 10:00 AM on the 21st and they're coming in. 29 00:01:43,680 --> 00:01:47,640 We are going to get this theorem, ETF lads and lasses and 30 00:01:47,640 --> 00:01:51,560 you absolutely love to see it. You absolutely love to see it. 31 00:01:51,600 --> 00:01:54,840 Oh my God, I'm euphoric. Anyways, today show today, 32 00:01:54,840 --> 00:01:56,440 today. What do we got, what we got, 33 00:01:56,440 --> 00:01:59,000 what we got going on. I was locked out of my e-mail 34 00:01:59,000 --> 00:02:00,120 account. But let me tell you what we got 35 00:02:00,120 --> 00:02:01,560 going on, 'cause I can probably assume already. 36 00:02:01,560 --> 00:02:03,600 Daily market report, crypto macro. 37 00:02:03,880 --> 00:02:05,400 I mean, we got a lot to talk about. 38 00:02:05,480 --> 00:02:06,960 A lot. A lot, a lot, a lot, a lot to 39 00:02:06,960 --> 00:02:10,840 talk about as a theorem. ETFs are seemingly about to get 40 00:02:10,840 --> 00:02:12,200 approved. I mean looks like it, we're not 41 00:02:12,200 --> 00:02:17,320 going to jinx it but my expert analysis is putting the approval 42 00:02:17,320 --> 00:02:25,360 at 98% right now and that move from 25% to 75% by the Bloomberg 43 00:02:25,360 --> 00:02:29,240 brothers yesterday was that was like that was Mendo. 44 00:02:29,280 --> 00:02:30,840 I should have put that that bed on. 45 00:02:30,840 --> 00:02:33,600 Remember on the show I was like let me just go put a polymarket 46 00:02:33,600 --> 00:02:37,400 12:50 odds and didn't do it because I'm Polygon nobody uses 47 00:02:37,400 --> 00:02:41,760 Polygon. So I didn't and and looks like I 48 00:02:41,760 --> 00:02:44,080 could have, could have, would have, should have 10X on that 49 00:02:44,080 --> 00:02:45,760 one. But anyways, so we're going to 50 00:02:45,760 --> 00:02:47,960 talk about a lot, a whole lot about the theorem ETFs. 51 00:02:47,960 --> 00:02:50,960 We're going to talk a whole lot about Ethereum today, that's for 52 00:02:50,960 --> 00:02:52,800 sure. For sure odds, memes and dreams. 53 00:02:52,800 --> 00:02:56,040 I mean look we can talk about all that stuff but we, you know 54 00:02:56,040 --> 00:02:57,960 probably going to have a conversation about crypto punks 55 00:02:57,960 --> 00:03:00,000 mostly based on what happened yesterday. 56 00:03:00,120 --> 00:03:02,760 Some of the backlash seems to be obviously all resolved this 57 00:03:02,760 --> 00:03:05,720 morning all pieces back and reinstalled within the punks 58 00:03:05,720 --> 00:03:06,920 chat. I was just in there. 59 00:03:06,920 --> 00:03:10,000 We're good. And then and then and then. 60 00:03:10,000 --> 00:03:11,480 Last but not least, today's robot day. 61 00:03:11,640 --> 00:03:15,120 Today is robot day. So two people will win money for 62 00:03:15,120 --> 00:03:16,760 sure. For sure, because the 4th, the 63 00:03:16,760 --> 00:03:19,440 fourth thing you can win is like $2000 with each being up. 64 00:03:19,840 --> 00:03:23,160 All the NFTS are up in dollars. So no matter what, you're going 65 00:03:23,160 --> 00:03:25,240 to make some money on this show if you're selected today. 66 00:03:25,240 --> 00:03:30,200 And then last but not least this show is powered by Moon Pay to 67 00:03:30,200 --> 00:03:35,160 buy crypto with your credit card and and or on PayPal down the 68 00:03:35,160 --> 00:03:36,560 Moon Pay app because they're killing it. 69 00:03:36,560 --> 00:03:39,840 And once you've done that, but you've done that, check out Fair 70 00:03:39,840 --> 00:03:43,760 Site Network, all right to secure and get insurance on your 71 00:03:43,760 --> 00:03:44,960 crypto. They were on the show not long 72 00:03:44,960 --> 00:03:47,120 ago and they were actually really good people and we like 73 00:03:47,120 --> 00:03:49,320 them and we like our partners because they make all this 74 00:03:49,520 --> 00:03:50,840 possible for us. But anyways. 75 00:03:51,160 --> 00:03:52,440 Anyways, Anyway, stuff for the do. 76 00:03:52,640 --> 00:03:55,640 I got to go to Mando quick right now because we got a lot to talk 77 00:03:55,640 --> 00:03:58,960 about. Who is the man? 78 00:03:59,600 --> 00:04:05,280 Knackle Daddy of the lamb. Can you dig it? 79 00:04:07,400 --> 00:04:11,880 DM What a fucking day. So what? 80 00:04:11,880 --> 00:04:16,560 Yesterday afternoon, my time, we got a kind of an A post out of 81 00:04:16,560 --> 00:04:20,920 nowhere that the Bloomberg analysts were updating their 82 00:04:20,920 --> 00:04:25,920 percentage chance of the ETF from 25% to 75%. 83 00:04:26,400 --> 00:04:31,120 ETA immediately mooned 10%. It then mooned another 10% over 84 00:04:31,120 --> 00:04:32,600 the course of the next few hours. 85 00:04:33,400 --> 00:04:38,920 Hit a high of just over 3800, which is kind of a recent high 86 00:04:38,920 --> 00:04:43,040 for it local high, which is kind of a wild move. 87 00:04:44,680 --> 00:04:49,240 Now it looks like all the ETF providers in the last 24 hours 88 00:04:49,240 --> 00:04:51,280 have been updating their applications. 89 00:04:51,280 --> 00:04:53,320 It looks like they are going to be dropping staking from their 90 00:04:53,320 --> 00:04:56,320 applications, but looks like it's going to go ahead the the 91 00:04:56,320 --> 00:04:58,840 analysts say that it's probably going to go ahead by tomorrow. 92 00:04:58,840 --> 00:05:01,960 We're going to get approvals, which will be, which will be 93 00:05:01,960 --> 00:05:06,440 very, very soon. Holly market has a 72% chance 94 00:05:06,920 --> 00:05:08,440 that this goes through right now, actually. 95 00:05:08,640 --> 00:05:10,800 Oh, it looks like 60. Whoa, let me have a look at 96 00:05:10,800 --> 00:05:12,400 this. Let's look at it. 97 00:05:12,600 --> 00:05:15,160 Let. Me 1% chance right now. 98 00:05:16,520 --> 00:05:20,080 So in some ways I feel like that's maybe the best trade, but 99 00:05:21,840 --> 00:05:24,400 this looks like. Which one is it? 100 00:05:24,480 --> 00:05:27,480 Like this one. There you go, 6161. 101 00:05:28,080 --> 00:05:34,040 That sounds bad. 71 right now, but no, look, this one's. 102 00:05:34,600 --> 00:05:36,040 Down. This one's down 20 points. 103 00:05:36,040 --> 00:05:37,280 That's the one. That's the one. 104 00:05:37,360 --> 00:05:38,560 This. This is the one we follow. 105 00:05:38,560 --> 00:05:40,120 No. Yeah, it is, Yeah. 106 00:05:42,360 --> 00:05:45,120 Then you you bet with any size though, it jumps to 70. 107 00:05:45,600 --> 00:05:47,880 Yeah, there you go. Yeah, you only make 40% on 108 00:05:47,880 --> 00:05:49,720 $1000. You may as well just like buy 109 00:05:49,720 --> 00:05:55,000 some meme coin, but. That trade, if I'm honest, 40% 110 00:05:55,000 --> 00:05:57,080 is quite a quite a good upside I would say. 111 00:05:58,840 --> 00:06:01,120 Is Heath going to move 40% if he gets approved? 112 00:06:02,080 --> 00:06:05,520 Here I I I don't know. I mean you got Ovi saying that I 113 00:06:05,520 --> 00:06:07,720 wish Ovi was here this morning because you obviously D theorem 114 00:06:07,720 --> 00:06:11,040 bull but he's saying he's going 5K on approval dude that's 115 00:06:11,040 --> 00:06:14,480 that's that's what Ovi's saying that that's what Ovi thinks so. 116 00:06:16,760 --> 00:06:19,360 Even then, I think that's only about 40% right or less. 117 00:06:19,360 --> 00:06:21,440 So I think that's still a decent return. 118 00:06:21,440 --> 00:06:23,120 That's that's where I'd put my money. 119 00:06:24,880 --> 00:06:26,280 Yeah. Look, crazy. 120 00:06:26,440 --> 00:06:28,200 I did not. I did not see this one coming. 121 00:06:28,200 --> 00:06:30,880 It seemed like it was dying that obviously in the last put it in. 122 00:06:30,920 --> 00:06:34,680 In context in the last week, Biden had basically Trump came 123 00:06:34,680 --> 00:06:38,200 out and said he supported crypto, or at least had a more 124 00:06:38,200 --> 00:06:39,920 populist line. People support it. 125 00:06:39,920 --> 00:06:41,520 If people support it, I'm for it. 126 00:06:41,920 --> 00:06:46,920 Suddenly Washington just kind of started changing their their 127 00:06:46,920 --> 00:06:51,240 tone pretty quickly. Both the both the House 128 00:06:51,240 --> 00:06:57,120 representatives and the Senate moved to limit the powers of the 129 00:06:57,120 --> 00:06:58,640 SEC. Biden originally said he would 130 00:06:58,640 --> 00:07:03,400 veto that, then he did not. Then you saw headlines yesterday 131 00:07:03,400 --> 00:07:06,400 that the House Democrats when were going to pull, were not 132 00:07:06,400 --> 00:07:11,400 going to pull the whip on the two pieces of credit legislation 133 00:07:11,400 --> 00:07:15,360 coming out this week. And you've seen suddenly that 134 00:07:15,360 --> 00:07:19,880 this ETF may be approved. So it feels to me like this most 135 00:07:19,880 --> 00:07:25,120 political and it has really happened ever since that Trump 136 00:07:25,120 --> 00:07:30,240 NFT holders event that suddenly crypto became more populist. 137 00:07:30,240 --> 00:07:36,440 That was a really good line from from Mike Novogratz who said 138 00:07:36,440 --> 00:07:39,160 that, you know, to be against crypto is to be against dogs 139 00:07:39,160 --> 00:07:40,400 because. The dog thing, Yeah, we played 140 00:07:40,400 --> 00:07:41,560 on the show. That was a great one. 141 00:07:42,080 --> 00:07:46,080 So I and I feel like we are that kind of probably hit home like 142 00:07:46,080 --> 00:07:48,680 this is this is a populist thing that people were annoyed about 143 00:07:49,600 --> 00:07:54,760 and Biden's probably moved people within his party to to 144 00:07:55,080 --> 00:07:59,360 try and change that. Notably a high up official at 145 00:07:59,360 --> 00:08:02,560 the SEC who was also anti crypto was leaving as well at the same 146 00:08:02,560 --> 00:08:04,720 time. Like this is a lot of like pro 147 00:08:04,720 --> 00:08:06,560 crypto stuff. So it'd be really interesting to 148 00:08:06,560 --> 00:08:12,040 see where this goes now. You saw the biggest single daily 149 00:08:12,040 --> 00:08:16,040 move in ETH ever. It added the market cap of 150 00:08:16,040 --> 00:08:20,160 Solana essentially in the day. Sorry, Candle. 151 00:08:20,800 --> 00:08:26,440 So a massive move in ETH here. At the same time risk sentiment 152 00:08:26,440 --> 00:08:28,920 has gone up quite a lot. It's the highest open interest 153 00:08:28,920 --> 00:08:34,120 on ETH ever. So huge amount of of of open 154 00:08:34,120 --> 00:08:37,039 interest been added in ETH. The big move is on the back of 155 00:08:37,039 --> 00:08:40,720 it, like the stuff that I thought would move the real 156 00:08:40,720 --> 00:08:42,880 narratives. I think it shifts for I don't 157 00:08:42,880 --> 00:08:46,240 think it necessarily shifts the narrative like your maybe even L 158 00:08:46,240 --> 00:08:49,560 twos, but I do think it really shifts the narratives for RW as 159 00:08:49,840 --> 00:08:52,320 and I think it really shifts the narrative for me. 160 00:08:52,840 --> 00:08:58,880 So you saw Pepe Mog up both up about 40 to 50% since that news 161 00:08:58,880 --> 00:09:01,480 came out. You also saw a lot of the big 162 00:09:01,480 --> 00:09:07,080 RWA firms coins up a lot. Interestingly though like ETH is 163 00:09:07,080 --> 00:09:11,440 the biggest ETH outperform pretty much all ETH altcoins bar 164 00:09:11,440 --> 00:09:15,840 a few bar like the memes which I thought was which I thought was 165 00:09:15,840 --> 00:09:18,320 particularly interesting. But I do think the fact that if 166 00:09:18,320 --> 00:09:22,720 it is going to be, it's going to have its own regulatory 167 00:09:22,720 --> 00:09:25,320 compliance that allows people like BlackRock to do 168 00:09:25,520 --> 00:09:28,400 tokenization on the chain. Big investment companies will 169 00:09:28,400 --> 00:09:30,520 look at that and be that right. We can we can push our 170 00:09:30,520 --> 00:09:33,680 tokenization plans on ETH which I think is the big game changer 171 00:09:33,680 --> 00:09:37,560 really in terms of use cases there because it it provides 172 00:09:37,560 --> 00:09:41,760 regulatory clarity for people. So those are things I really 173 00:09:41,760 --> 00:09:45,160 look to buy at first. It's obviously been a huge move 174 00:09:45,160 --> 00:09:47,800 in ETH versus other things. I think the next if you look 175 00:09:47,800 --> 00:09:50,320 through this, what's the downside here? 176 00:09:51,080 --> 00:09:54,520 One thing that is a big downside is ETH. 177 00:09:56,360 --> 00:10:01,840 There is about 12 billion of ETH which is owned by the Grayscale 178 00:10:01,840 --> 00:10:04,440 Trust. This this ETH has been trading 179 00:10:04,440 --> 00:10:10,840 at a 30 at times even 40% discount over the last few 180 00:10:10,840 --> 00:10:13,080 months. Very similar to what happened 181 00:10:13,120 --> 00:10:15,920 with Bitcoin. You will see Grayscale and 182 00:10:15,920 --> 00:10:17,920 probably even more because the discount was even higher. 183 00:10:18,160 --> 00:10:22,040 A lot of people have been buying that discounted ETH and they 184 00:10:22,040 --> 00:10:24,000 will, they'll probably look to sell. 185 00:10:24,000 --> 00:10:26,800 You'll see huge outflows from Grayscale on this thing being 186 00:10:26,800 --> 00:10:28,400 announced. The Grayscale CEO did of. 187 00:10:28,480 --> 00:10:29,840 Course. I mean, that's what they did 188 00:10:29,840 --> 00:10:32,160 with Bitcoin, right? Like they just massive. 189 00:10:32,840 --> 00:10:36,080 So I think that's the one thing that people probably should be 190 00:10:36,080 --> 00:10:39,200 aware of as we go into this, like people will remember that 191 00:10:39,200 --> 00:10:42,920 from last time, right. We hit 69 Ki believe the day of 192 00:10:42,920 --> 00:10:49,960 ETF and then we went all the way down and grayscale outflows have 193 00:10:49,960 --> 00:10:55,080 been a thing for us kind of ever since the the Bloomberg analysts 194 00:10:55,120 --> 00:10:59,360 had to say we're like we're pretty disparaging I think of 195 00:10:59,360 --> 00:11:02,920 this of this going through and they've been disparaging about 196 00:11:02,920 --> 00:11:05,160 the idea that they will get which is a separate issue but 197 00:11:05,160 --> 00:11:07,160 they've been disparaging about the idea this will get huge 198 00:11:07,160 --> 00:11:08,680 amount of inflows. They just don't they say they 199 00:11:08,680 --> 00:11:11,240 don't see the same sort of institutional interest. 200 00:11:11,240 --> 00:11:14,800 So I don't know how this will play if this will play as 201 00:11:14,800 --> 00:11:19,560 strongly as Bitcoin when the ETF comes through some of the I 202 00:11:19,560 --> 00:11:22,240 think it will. I saw a triad fire report which 203 00:11:22,240 --> 00:11:25,480 said they think 15 to 25 billion of inflows in the first year 204 00:11:25,480 --> 00:11:29,800 which should be a big wig win. But remember like Grayscale does 205 00:11:29,800 --> 00:11:32,720 have 12 billion of which a lot of it I think will also exit. 206 00:11:32,720 --> 00:11:36,840 So I think it's that's just something to be to be kind of 207 00:11:36,840 --> 00:11:42,480 aware of other than that like it's been a huge huge move. 208 00:11:43,760 --> 00:11:46,200 My next move right now was like right? 209 00:11:46,200 --> 00:11:49,400 Well I saw a big move in Pepe which was a which which was a 210 00:11:49,400 --> 00:11:50,840 good trade. On the back of this Mogg's also 211 00:11:50,840 --> 00:11:52,280 got the Pepe. Yeah, both of them a. 212 00:11:52,360 --> 00:11:56,480 Big move on the back of this. Wow, look at that dude. 213 00:11:57,520 --> 00:12:00,280 Cafe, I think is going to 1010 Bears, Yeah, I. 214 00:12:00,760 --> 00:12:05,440 I think it's going. To for me it's just it's really 215 00:12:05,440 --> 00:12:11,960 cemented itself now it's like the the best meme and and it's 216 00:12:11,960 --> 00:12:14,400 got a real community behind it and now with this it just feels 217 00:12:14,400 --> 00:12:16,800 really strong But I do think now you'll see some other things 218 00:12:16,800 --> 00:12:21,320 start to catch up like this finish huge huge movement ETH 219 00:12:22,000 --> 00:12:25,360 with increase in leverage we'll see what happens next but yeah I 220 00:12:25,360 --> 00:12:28,520 think ETH could this really does change the term like we we were 221 00:12:28,520 --> 00:12:31,480 speaking about what people need the narrative need the narrative 222 00:12:31,480 --> 00:12:35,720 we've got inflationary it it is becoming less secure with the L 223 00:12:35,720 --> 00:12:37,760 twos right all this talk about centralization around the 224 00:12:37,760 --> 00:12:41,760 sequences of all the different L twos it was it needed this 225 00:12:42,240 --> 00:12:44,640 desperately desperately and now it's got it. 226 00:12:44,960 --> 00:12:47,480 Now we just got to see how that performs as a narrative. 227 00:12:48,080 --> 00:12:52,040 My guess is that it won't be as strong as the Bitcoin ETF, but 228 00:12:52,040 --> 00:12:55,640 this this could be still a very strong narrative for for ETF for 229 00:12:55,720 --> 00:12:59,040 for the medium term. I don't know what this means for 230 00:12:59,120 --> 00:13:00,520 for other coins. Like does this mean that 231 00:13:00,640 --> 00:13:02,680 everything will start will go down the route if you're now to 232 00:13:02,680 --> 00:13:06,480 get a an ETF? I don't know. 233 00:13:06,480 --> 00:13:10,240 I think the the SEC made its bed with ETF many years ago and was 234 00:13:10,240 --> 00:13:14,200 trying to slightly retract that. So maybe, maybe it had less 235 00:13:14,200 --> 00:13:15,920 wiggle room than it would with other coins. 236 00:13:16,440 --> 00:13:18,760 But yeah, it's definitely a big deal. 237 00:13:19,560 --> 00:13:22,680 I don't think you should fade crypto in general here. 238 00:13:23,000 --> 00:13:27,960 Like one thing I would say if I take a step back this is this is 239 00:13:27,960 --> 00:13:32,800 them throwing in the towel or at least massively softening to a 240 00:13:32,800 --> 00:13:37,400 populist movement in crypto. And I think that is the main 241 00:13:37,400 --> 00:13:39,960 take away here. It's like I'm very bullish on 242 00:13:39,960 --> 00:13:42,800 crypto if this is, this is now what they're going to do. 243 00:13:43,800 --> 00:13:47,840 It's really hard not to be turbo, turbo, Turbo bullish 244 00:13:48,240 --> 00:13:50,200 crypto on, on announcement like this. 245 00:13:50,200 --> 00:13:51,200 I mean, Tyler, what do you think? 246 00:13:51,200 --> 00:13:52,560 Do you think this was a political move? 247 00:13:53,880 --> 00:13:58,360 100% And so DC investor I think he's been like the one of the 248 00:13:58,360 --> 00:14:01,600 loudest bashing the the Bloomberg Bros and he's saying 249 00:14:01,600 --> 00:14:05,120 that they're concocting this unexpected political pressure 250 00:14:05,520 --> 00:14:09,240 narrative that they're putting it forth now to distract from 251 00:14:09,240 --> 00:14:11,600 the fact that they were extremely and loudly wrong. 252 00:14:11,800 --> 00:14:15,960 Those are those are his words I think he's wrong. 253 00:14:15,960 --> 00:14:20,640 I I I mean just last week like the the the this current 254 00:14:21,040 --> 00:14:24,240 administration had been so anti crypto and it seemed like it was 255 00:14:24,240 --> 00:14:27,640 just getting worse and worse every week and this feels like a 256 00:14:27,680 --> 00:14:31,400 fundamental shift. So I think seeing that shift 257 00:14:31,400 --> 00:14:35,280 happen and and updating their odds it makes total sense to me. 258 00:14:35,280 --> 00:14:38,400 I think it's a very logical move and it feels like we're now in a 259 00:14:38,400 --> 00:14:41,080 much different place than we were a week ago. 260 00:14:41,800 --> 00:14:46,680 But now I mean all bets are off and if if the government is no 261 00:14:46,680 --> 00:14:50,160 longer going to be an obstacle in cryptos path path in the 262 00:14:50,160 --> 00:14:53,080 United States, then I don't know if anyone's bullish enough. 263 00:14:53,160 --> 00:14:56,040 So I think that this this was the single biggest take away 264 00:14:56,280 --> 00:14:58,480 from this and then there's going to be a whole lot of 2nd order, 265 00:14:58,480 --> 00:15:00,760 third order effects and I haven't really had a chance to 266 00:15:00,760 --> 00:15:04,400 unpack all of those just yet. I am curious what what this 267 00:15:04,400 --> 00:15:07,200 means for the the Bitcoin ETS. I'm also very curious what this 268 00:15:07,200 --> 00:15:09,320 means for the the the ETH narrative. 269 00:15:09,320 --> 00:15:12,880 The Mando started kind of going there to a degree. 270 00:15:14,640 --> 00:15:16,840 We were wondering last week like what is the narrative right now. 271 00:15:17,160 --> 00:15:20,640 Well, I guess, I guess now it's the ETFs are the narrative, is 272 00:15:20,640 --> 00:15:23,000 it going to be ETS plus plus tokenization. 273 00:15:23,320 --> 00:15:26,440 I I think that is a strong narrative that is actually one 274 00:15:26,440 --> 00:15:29,000 that that I could get behind quite a bit. 275 00:15:29,480 --> 00:15:33,360 But it still feels a little and you need more than just ETFs as 276 00:15:33,360 --> 00:15:35,800 in there you still need reasons for to tell your tell your 277 00:15:35,800 --> 00:15:38,680 friends, tell to normal investors why are they going to 278 00:15:38,680 --> 00:15:40,480 pick the ETF over the Bitcoin one. 279 00:15:41,160 --> 00:15:42,680 And I still don't know what that argument is. 280 00:15:43,080 --> 00:15:46,320 So I'm not I haven't flipped turbo bullish on 8th. 281 00:15:46,320 --> 00:15:48,560 The fact that it's going to you know flip everything else like 282 00:15:48,560 --> 00:15:51,280 like some others. So I'm not quite you know doing 283 00:15:51,600 --> 00:15:55,080 as strong of a victory dance as others for the the ETH price 284 00:15:55,080 --> 00:15:57,440 action. But it's it's still a a massive 285 00:15:57,440 --> 00:15:59,280 1. I like the narrative. 286 00:15:59,280 --> 00:16:00,640 I like what Amanda's talking about, right. 287 00:16:00,640 --> 00:16:03,880 When it comes to RWAS etcetera, like you had Larry Fink, you 288 00:16:03,880 --> 00:16:07,280 know and a lot of the, a lot of the big asset managers talking 289 00:16:07,280 --> 00:16:09,360 about tokenizing everything, right. 290 00:16:10,160 --> 00:16:12,440 I had a great meeting in Hong Kong with someone from Franklin 291 00:16:12,440 --> 00:16:15,920 Templeton and a lot of the conversation we had was actually 292 00:16:15,920 --> 00:16:19,280 around tokenizing assets and like they're used they they 293 00:16:19,280 --> 00:16:22,640 actually are turbo bullish over there on like the use of 294 00:16:22,640 --> 00:16:26,240 blockchain technology as a use case sometimes even more than 295 00:16:26,240 --> 00:16:28,400 cryptocurrencies themselves. I think it's our pocket of the 296 00:16:28,400 --> 00:16:30,040 world which obviously like number go up. 297 00:16:30,040 --> 00:16:31,840 We're trying to make money. We're all here also to make 298 00:16:31,840 --> 00:16:34,280 money right that that thinks about this. 299 00:16:34,280 --> 00:16:36,440 But I think a lot of these like large asset managers, banks, 300 00:16:36,440 --> 00:16:40,280 etcetera see crypto more of like the blockchain tech and how they 301 00:16:40,280 --> 00:16:43,360 can use it to like you know tokenize things. 302 00:16:43,360 --> 00:16:45,760 You know, you talk about RW as like Mando just mentioned, 303 00:16:45,760 --> 00:16:47,960 etcetera. Like I wouldn't be surprised to 304 00:16:47,960 --> 00:16:50,600 see those assets do really well. There's one you're super bullish 305 00:16:50,600 --> 00:16:51,560 on. You talk about a lot, right, 306 00:16:51,560 --> 00:16:54,640 Mando, it's Ondo or something. You, you nailed that call on the 307 00:16:54,640 --> 00:16:56,560 show early on last year. Was it this year? 308 00:16:56,560 --> 00:16:59,400 I forgot, but like, oh, we. Pendle and Ondo are the 2. 309 00:16:59,400 --> 00:17:02,200 And Ondo, yeah, I've been. Looking at, yeah, what I would 310 00:17:02,200 --> 00:17:04,640 say about that space is that a lot of the coins are like 311 00:17:05,599 --> 00:17:08,240 they're, they're forming partnerships, but they're quite 312 00:17:08,240 --> 00:17:09,960 loose with some of these big asset managers. 313 00:17:10,240 --> 00:17:13,720 I'm not necessarily bullish on RWA coins. 314 00:17:14,160 --> 00:17:15,560 I'm more bullish on it is a trend. 315 00:17:15,560 --> 00:17:19,720 Because I think if BlackRock come on or if Fidelity come on 316 00:17:19,720 --> 00:17:22,839 or or Franklin Temple come on and say they're going to, we're 317 00:17:22,839 --> 00:17:26,800 going to tokenize every single one of our own coins. 318 00:17:27,000 --> 00:17:30,520 They'll probably just do it themselves or sorry, tokenize 319 00:17:30,560 --> 00:17:32,320 every single one of our own funds. 320 00:17:32,840 --> 00:17:34,880 But I do think that that's basically where where we could 321 00:17:34,880 --> 00:17:36,680 be headed. Like Larry, when Larry Fink 322 00:17:36,680 --> 00:17:38,520 comes on and says, look, everything will be on the 323 00:17:38,520 --> 00:17:42,400 blockchain, everything's going to be tokenized and now you see 324 00:17:42,560 --> 00:17:48,120 ETF getting a getting approval. That becomes the narrative, 325 00:17:48,120 --> 00:17:50,080 right? It becomes an institutional 326 00:17:52,440 --> 00:17:54,920 chain in that sense. And I think that that is that 327 00:17:54,920 --> 00:17:58,200 could very easily be the British narrative for, for if it's not 328 00:17:58,200 --> 00:18:02,520 going to be around means or throughput, it's going to be 329 00:18:02,520 --> 00:18:06,280 about kind of the Travi. Chain. 330 00:18:07,080 --> 00:18:09,360 Yeah, yeah, yeah, it could be. It could be. 331 00:18:09,360 --> 00:18:12,840 I mean, there's always been that narrative of like Bitcoin being 332 00:18:12,880 --> 00:18:15,640 that digital gold and you know, ETH digital oil. 333 00:18:15,640 --> 00:18:17,760 Or like that the internet's money, which you were talking 334 00:18:17,760 --> 00:18:19,960 about, like how we kind of lost that narrative for a moment 335 00:18:19,960 --> 00:18:23,160 trying to be the gold. So we'll see where the ETFs take 336 00:18:23,160 --> 00:18:24,400 it. But one thing that's cool, good 337 00:18:24,400 --> 00:18:27,720 to see is look, 19 B fours are starting to come in, which was 338 00:18:27,720 --> 00:18:30,920 like, if I remember from last time, no expert, but that was 339 00:18:30,920 --> 00:18:35,480 really the last thing you needed, right, to get the ETFs 340 00:18:35,480 --> 00:18:38,920 through for Bitcoin, the 19B4 filings. 341 00:18:39,880 --> 00:18:42,760 And then, I mean this was, this all happened yesterday, all of a 342 00:18:42,760 --> 00:18:44,400 sudden it was. I'm trying to find the tweet 343 00:18:44,400 --> 00:18:49,080 again, which was actually from Eric Bakunas which revised the 344 00:18:49,080 --> 00:18:53,720 25% up to 75%. And then there it is. 345 00:18:54,280 --> 00:18:56,120 It was actually James Seifart's tweet. 346 00:18:56,120 --> 00:18:58,080 So it was this one. A quick note, Eric Balkunis and 347 00:18:58,080 --> 00:19:03,240 I increased odds to 75% for spot theorem ETF approvals, but 348 00:19:03,240 --> 00:19:06,920 that's for the 19th before May 24th 3rd deadline which is Van X 349 00:19:06,920 --> 00:19:09,240 deadline. We also need S1 approvals, blah 350 00:19:09,240 --> 00:19:11,240 blah. It's S1S1 was the last approval 351 00:19:11,240 --> 00:19:13,280 needed. What I love guys yesterday is, 352 00:19:13,400 --> 00:19:16,120 is Van X answer to that no sleep. 353 00:19:17,600 --> 00:19:21,280 This is one of the best interns of the game, honestly, when it 354 00:19:21,560 --> 00:19:25,320 comes to the ETFs saying no sleep, did someone say enter the 355 00:19:25,320 --> 00:19:26,840 ether? So they're retweeting themselves 356 00:19:26,840 --> 00:19:30,120 right from November 23rd, 23. You absolutely love to see that. 357 00:19:31,080 --> 00:19:34,280 Tweets like that. That's what's great. 358 00:19:35,120 --> 00:19:37,120 This was great. I mean, they're having fun with 359 00:19:37,120 --> 00:19:39,080 it. I mean, boys, what does this 360 00:19:39,080 --> 00:19:40,360 mean, right? That's something you kind of 361 00:19:40,360 --> 00:19:42,120 touched on, Mando, but I kind of want to dig deeper. 362 00:19:42,120 --> 00:19:43,640 Like what does this mean for broader crypto? 363 00:19:43,880 --> 00:19:46,200 You made a tweet, Mando and I'll go to you and then would love to 364 00:19:46,200 --> 00:19:49,120 hear your thoughts also Tyler. But Mando, you made a tweet 365 00:19:49,600 --> 00:19:52,800 yesterday as soon as that news came out, which obviously it's 366 00:19:52,960 --> 00:19:55,880 absolutely right in my opinion. You said the first thing I snap 367 00:19:55,880 --> 00:19:57,280 bought on the East News was Pepe. 368 00:19:58,000 --> 00:19:59,480 Obviously that is very well, Pepe. 369 00:19:59,480 --> 00:20:03,080 We showed the chart is now up Jesus Christ, 5 and $15 billion 370 00:20:03,320 --> 00:20:05,040 insane. So that's a billion dollar jump, 371 00:20:05,040 --> 00:20:05,600 right? Because it was. 372 00:20:05,600 --> 00:20:07,240 It actually went under 4 billion. 373 00:20:07,440 --> 00:20:10,240 Last week when people were like Max Bearish on on memes et 374 00:20:10,240 --> 00:20:12,240 cetera. And now you quote Twitter 375 00:20:12,240 --> 00:20:14,640 yourself 20 minutes ago saying time to buy soul and soul memes. 376 00:20:14,640 --> 00:20:16,240 So you probably think that that is a good beta. 377 00:20:16,240 --> 00:20:18,720 I saw D Farmer as well who someone that's been training 378 00:20:18,720 --> 00:20:20,120 pretty well on the timeline openly. 379 00:20:20,520 --> 00:20:24,880 He actually said the best ETH beta is Solana and to not 380 00:20:24,880 --> 00:20:27,520 overthink that obviously tend to agree to that but also that's 381 00:20:27,720 --> 00:20:28,920 I'm definitely back biased there. 382 00:20:29,160 --> 00:20:31,040 What do you what? Why do you think soul and soul 383 00:20:31,040 --> 00:20:31,880 memes are it? And do you? 384 00:20:31,880 --> 00:20:33,640 What do you think that means for the rest of the coins too? 385 00:20:33,640 --> 00:20:36,680 The Alcorn market is that bullish, bearish, stagnant, 386 00:20:36,680 --> 00:20:41,760 like, what do you think overall? I I think, I think the ETH memes 387 00:20:41,760 --> 00:20:43,440 were were the obvious thing to buy. 388 00:20:43,440 --> 00:20:46,000 I thought I didn't think ETH would move as much as it did but 389 00:20:46,000 --> 00:20:50,640 it but it has because I kind of felt like the grayscale thing 390 00:20:50,640 --> 00:20:52,320 would would would come into the forefront. 391 00:20:52,360 --> 00:20:54,440 And one thing I would say that is bullish. 392 00:20:54,440 --> 00:20:57,920 There is no one can dump 12 billion Pepe on you. 393 00:20:58,880 --> 00:21:01,640 Whereas you know I feel like that that that overhang is going 394 00:21:01,640 --> 00:21:04,720 to like watch in the next couple of weeks people will be like hey 395 00:21:05,120 --> 00:21:07,640 Grayscale's got all this EVE like they're going to have to 396 00:21:07,640 --> 00:21:11,160 sell it that's going to be that is going to be a like a strong 397 00:21:11,160 --> 00:21:13,840 narrative just because of what happened in the last one. 398 00:21:13,840 --> 00:21:16,760 So I was looking at things that wouldn't get diluted on this 399 00:21:16,760 --> 00:21:19,040 move. Again I didn't buy L twos 400 00:21:19,040 --> 00:21:21,440 because of the tokenomics. It just felt like the memes were 401 00:21:21,440 --> 00:21:23,640 going to be the strongest apart from maybe the RWA because I 402 00:21:23,640 --> 00:21:24,960 felt like that was the strongest narrative. 403 00:21:25,200 --> 00:21:29,280 Now I just feel like you got to let ETH have his day like that 404 00:21:29,280 --> 00:21:31,400 was a huge, huge move and it should have outperformed that 405 00:21:31,400 --> 00:21:33,840 amount. But my my guess now is that also 406 00:21:33,840 --> 00:21:38,880 people will will think broadly what I just said, which is 407 00:21:39,520 --> 00:21:41,000 right. Yeah, for the seven day it 408 00:21:41,000 --> 00:21:43,000 really caught up. But my my view is that this is 409 00:21:43,000 --> 00:21:45,160 very bullish for crypto in general. 410 00:21:46,080 --> 00:21:49,520 Like this is very, if I take a step back, I just think that 411 00:21:49,520 --> 00:21:53,000 this is a softening of the US approach to crypto. 412 00:21:54,280 --> 00:21:57,000 We've already seen Trump come in and say, look, he's going to be, 413 00:21:57,560 --> 00:21:59,320 you know, if people are for crypto, I'm for crypto. 414 00:22:01,120 --> 00:22:03,280 So I think and now if the Democrats are kind of throwing 415 00:22:03,280 --> 00:22:06,560 in the towel there too. I think you've got to think that 416 00:22:07,200 --> 00:22:09,360 the things that people are using on a daily basis, which is what 417 00:22:09,360 --> 00:22:12,040 Tyler was saying, are what people will look for next. 418 00:22:12,440 --> 00:22:14,880 And I just think that that Solana could could be the next 419 00:22:14,880 --> 00:22:17,200 mover. So I I'd be very unsurprised now 420 00:22:17,480 --> 00:22:20,480 once we see a little bit of chop now I imagine we'll see a bit of 421 00:22:20,480 --> 00:22:22,600 a retracement here if things don't just move up like that. 422 00:22:24,280 --> 00:22:26,880 I think the thing to buy here from a risk awards standpoint is 423 00:22:26,880 --> 00:22:30,160 probably Solana and and and kind of getting back to like the 424 00:22:30,160 --> 00:22:31,880 Solana means because I just think that's what people are 425 00:22:31,880 --> 00:22:34,920 doing on a daily basis. If you start to see this sort of 426 00:22:34,920 --> 00:22:37,280 softening and approach more broadly in crypto, then people 427 00:22:37,280 --> 00:22:39,080 will come in and and that's where they're going to be 428 00:22:39,080 --> 00:22:42,040 heading in my opinion. Yeah, I mean This is why like 429 00:22:42,040 --> 00:22:46,280 the the move on optimism and and and and sorry and and arbiter 430 00:22:46,280 --> 00:22:50,200 for example up both like 25 to 30 points each on the 24 hours. 431 00:22:50,400 --> 00:22:54,000 So Altu is definitely caught up on that move that that man, 432 00:22:54,000 --> 00:22:59,160 that's that ether move is that is that's a $70 billion daily 433 00:22:59,160 --> 00:23:01,640 candle like. Dude. 434 00:23:02,080 --> 00:23:05,480 It's so I I think, first of all, a lot of people are sidelined to 435 00:23:05,480 --> 00:23:06,800 ether. Like that's obvious. 436 00:23:07,120 --> 00:23:09,960 That's the obvious move. But like and I I see board Elon 437 00:23:09,960 --> 00:23:11,680 down there. I'm still going to win that 438 00:23:11,680 --> 00:23:12,760 second bet, don't worry about it. 439 00:23:12,760 --> 00:23:16,600 We doubled down on our bet. But but he well, that second 440 00:23:16,600 --> 00:23:19,080 bet, that first bet that I lost so that I thought Seoul would 441 00:23:19,080 --> 00:23:22,600 hit 200 before ETH hits. Was it 3K or something? 442 00:23:22,760 --> 00:23:25,280 Forgot what it was. We both end up waiting but like 443 00:23:25,600 --> 00:23:28,400 one after the other. So he won first but then but 444 00:23:28,400 --> 00:23:31,600 then he doubled down with AK400 which I didn't think we get 400 445 00:23:31,600 --> 00:23:32,960 first. But that was a nice double down 446 00:23:33,240 --> 00:23:35,560 South shout at the boarding on. I know he's happy celebrating 447 00:23:35,560 --> 00:23:37,360 his ETH. I think ETH pumping is so good 448 00:23:37,360 --> 00:23:39,800 for the space, the industry. There's so much money locked in 449 00:23:39,800 --> 00:23:42,320 ETH and layer twos. There's so much money. 450 00:23:42,320 --> 00:23:46,200 Just look at the TVLLL twos. I mean everything is this is so 451 00:23:46,200 --> 00:23:48,000 good for the space. You need degens to make money. 452 00:23:48,240 --> 00:23:50,520 You need people to get rich. You can't just have Bitcoin go 453 00:23:50,520 --> 00:23:52,480 up and the rest is in pain. I mean, you saw the timeline was 454 00:23:52,480 --> 00:23:55,840 in shambles when it was just Bitcoin going up and the rest of 455 00:23:55,840 --> 00:23:59,680 it is all down, people fighting. But when ETH is up too, and then 456 00:23:59,680 --> 00:24:02,480 we go, oh, Solano's a beta, fuck it, Solano's going to be up too 457 00:24:02,480 --> 00:24:04,400 with ETH. Oh, but Bitcoin's still going 458 00:24:04,400 --> 00:24:06,320 up. Like, this is good, This is 459 00:24:06,320 --> 00:24:09,400 super healthy for the industry and you absolutely love to see, 460 00:24:09,400 --> 00:24:11,920 especially when meme coins on ETH also go up because there's 461 00:24:12,120 --> 00:24:14,720 so much money in there. I mean, Tyler, what do you make 462 00:24:14,720 --> 00:24:16,040 of all this? What do you think this means for 463 00:24:16,040 --> 00:24:18,920 the rest of the industry? There's a lot to unpack. 464 00:24:18,920 --> 00:24:22,880 Yesterday was a reminder to me of how small Solana is in size, 465 00:24:22,880 --> 00:24:27,120 right when they printed the size of Solana in a daily candle. 466 00:24:28,120 --> 00:24:31,000 I think this cements the narrative again that that meme 467 00:24:31,000 --> 00:24:33,000 coins are going to be the winner this cycle. 468 00:24:33,000 --> 00:24:36,280 Like we saw the L twos pump 20%. We saw the leading ETH memes 469 00:24:36,640 --> 00:24:40,480 pump 40%. I think Mando's right meme coins 470 00:24:40,480 --> 00:24:43,080 to me. We're in a multi chain world and 471 00:24:43,080 --> 00:24:46,240 and they are an asset class. It's not just memes that are 472 00:24:46,240 --> 00:24:49,120 going to win, it's going to be meme coins across chains that 473 00:24:49,120 --> 00:24:51,520 are going to win. So I think this is good for the 474 00:24:51,520 --> 00:24:53,560 leading Solana meme coins. I think it's good for the blast 475 00:24:53,560 --> 00:24:55,120 coins. I think it's good for the base 476 00:24:55,120 --> 00:24:56,520 coins. I think it's good for the 477 00:24:56,520 --> 00:24:59,720 Bitcoin leading memes. So I think it's good for that 478 00:24:59,720 --> 00:25:03,040 entire sector. I do think we'll see some of the 479 00:25:03,240 --> 00:25:07,880 the the base season base summer is is back on the menu right. 480 00:25:07,880 --> 00:25:12,400 Our base is a a beta here we've got social Phi D Gen. spiked 20% 481 00:25:12,400 --> 00:25:15,000 yesterday. The friend the friend token was 482 00:25:15,000 --> 00:25:18,320 up 10% as well. The friend meme clubs keep 483 00:25:18,320 --> 00:25:20,880 soaring you know so that's that's like the third level 484 00:25:21,120 --> 00:25:24,120 third order effect here from from some of this they're all 485 00:25:24,120 --> 00:25:27,400 big winners. Blast is a big winner right so. 486 00:25:27,840 --> 00:25:31,480 4.44 point 2. Well, it should be, right? 487 00:25:31,480 --> 00:25:33,400 So Blast Gold. Part of the reason that the 488 00:25:33,400 --> 00:25:36,400 blast gold estimate from anti stats was dropped to 6 dollars 489 00:25:36,400 --> 00:25:41,400 is that he also revised down his his target for the FTV because 490 00:25:41,400 --> 00:25:43,560 of how arbitrary and optimism have been performed. 491 00:25:43,560 --> 00:25:46,040 Well guess what? They just jumped 20% each on the 492 00:25:46,040 --> 00:25:48,440 day, so let's let's. Gold that now, what's the 493 00:25:48,440 --> 00:25:52,920 revised we we need? I I mean, you gotta say it's 494 00:25:52,920 --> 00:25:55,440 77720. It's 100, man. 495 00:25:55,440 --> 00:25:57,720 We. Demand a recount. 496 00:25:57,720 --> 00:26:00,440 We demand a recount on the BLAS gold. 497 00:26:02,640 --> 00:26:05,000 Yeah I I don't know if he's he's not going to give a he he got 498 00:26:05,000 --> 00:26:07,520 too pissed off yesterday from all the the punk's FUD on the 499 00:26:07,520 --> 00:26:08,920 timeline. So I don't think we're getting 500 00:26:08,920 --> 00:26:12,480 Sam's revised BLAS gold estimate just yet but that's that's a 501 00:26:12,480 --> 00:26:15,800 huge win. So I mean I'm feeling good just 502 00:26:15,800 --> 00:26:19,840 having this conversation right now and to me if if the 503 00:26:19,840 --> 00:26:22,920 tokenization thing happens on EVE and that becomes the 504 00:26:22,920 --> 00:26:26,240 narrative the the end game for me has always been like what I 505 00:26:26,240 --> 00:26:27,440 don't want to have to sell my crypto. 506 00:26:27,440 --> 00:26:28,640 I want to be able to hold it forever. 507 00:26:28,640 --> 00:26:33,520 I don't want to cash it out to Fiat and like but we we need the 508 00:26:33,520 --> 00:26:35,160 ability to use it. Like I still need to be able to 509 00:26:35,160 --> 00:26:37,920 buy real world assets and use it in other ways. 510 00:26:38,280 --> 00:26:41,320 If that's actually going to be our our end game in in four to 511 00:26:41,320 --> 00:26:44,680 five years then like that is a very, very strong narrative. 512 00:26:44,680 --> 00:26:48,360 I think it's the end game narrative and it's hard to to to 513 00:26:48,360 --> 00:26:52,720 be bullish enough. Yeah, I mean it it's it's it's 514 00:26:52,720 --> 00:26:55,920 tough to feel any sort of bearishness at this moment. 515 00:26:55,920 --> 00:26:58,280 I mean it's like for Pepe just hit another all time high, do 516 00:26:58,280 --> 00:27:01,880 like it's insane. I mean this thing is trading at 517 00:27:01,880 --> 00:27:05,600 $5.22 billion and everybody that's probably listening to us 518 00:27:05,600 --> 00:27:07,520 was there when it was first when it was made because it's not 519 00:27:07,520 --> 00:27:10,880 that long ago, it's a bear market token which has 520 00:27:10,880 --> 00:27:14,080 definitely survived the test of multiple times across across, 521 00:27:14,840 --> 00:27:17,440 across the. Pepe here. 522 00:27:17,520 --> 00:27:19,280 What's the bear case for Pepe? Honestly, I. 523 00:27:19,800 --> 00:27:21,680 I don't see. I generally like. 524 00:27:21,840 --> 00:27:23,560 I generally do not see the bear cage for Pepe. 525 00:27:25,200 --> 00:27:27,440 I just don't see it like it is. What a barely. 526 00:27:27,800 --> 00:27:31,400 Most used meme in crypto like no one's having approach yet. 527 00:27:31,480 --> 00:27:33,840 It's not not dependent on one person. 528 00:27:35,200 --> 00:27:38,440 It's now on EAFE, which people were trying to get exposure to. 529 00:27:40,560 --> 00:27:43,920 Yeah, I just, I don't know, like I sit there and just go, you 530 00:27:43,920 --> 00:27:45,520 could tell me this thing flips shib. 531 00:27:45,600 --> 00:27:47,040 And I'd be like that makes sense. 532 00:27:47,280 --> 00:27:51,240 I I yeah, I actually agree with you. 533 00:27:51,400 --> 00:27:53,800 And that's the narrative that Saka went from making fun of 534 00:27:53,800 --> 00:27:56,600 people being comfy and spot, you know like all your favorite big 535 00:27:56,600 --> 00:27:59,400 traders on the timeline trying to chase you out of your Bitcoin 536 00:27:59,400 --> 00:28:03,160 AT60K in your theorem of 2800, making fun of you for holding. 537 00:28:03,360 --> 00:28:05,640 And now they're all talking. New narratives are going to flip 538 00:28:05,640 --> 00:28:08,080 everything you know. And my favorite traders are all 539 00:28:08,080 --> 00:28:12,320 starting to sentences, which I think now you know, they they 540 00:28:12,320 --> 00:28:15,040 knew last week, this week they think, right. 541 00:28:15,760 --> 00:28:17,320 So I thought that was funny. I've been studying. 542 00:28:17,320 --> 00:28:20,520 I've removed my notifications on for a lot of space over the last 543 00:28:20,520 --> 00:28:22,440 few days. I have my notifications on for a 544 00:28:22,440 --> 00:28:24,840 lot of big traders. They have all been removed. 545 00:28:25,160 --> 00:28:27,080 If not a lot of people actually unfollowed. 546 00:28:27,560 --> 00:28:28,880 I I don't just talk shit all the time. 547 00:28:28,880 --> 00:28:29,760 I actually do it. Man. 548 00:28:29,800 --> 00:28:32,440 Fuck the bears. I I'm not kidding. 549 00:28:32,560 --> 00:28:33,800 Dude. This is wild. 550 00:28:34,040 --> 00:28:35,080 This. You know who won? 551 00:28:35,280 --> 00:28:37,040 I'll tell you who won? Raul Powell. 552 00:28:38,160 --> 00:28:43,200 Raul Powell. That's the tweet I put out this 553 00:28:43,200 --> 00:28:44,760 morning. I said Raul Powell logged in. 554 00:28:45,560 --> 00:28:48,120 Drop this video. Invented a new term. 555 00:28:48,360 --> 00:28:50,640 Got laughed at by CT and won forever. 556 00:28:51,760 --> 00:28:54,400 Welcome to the banana zone. Don't fuck this up. 557 00:28:55,080 --> 00:28:56,640 Clip that Sims. We're going to send that to real 558 00:28:56,640 --> 00:29:00,000 vision. Going to get a lot of views, you 559 00:29:00,040 --> 00:29:02,280 know, You know what I mean? Like it's it's wild. 560 00:29:02,280 --> 00:29:03,840 But like see timeline then and now. 561 00:29:03,840 --> 00:29:06,000 Like, I, I, I, you know why I pause on those things? 562 00:29:06,000 --> 00:29:08,360 Because I studied for myself. Because how I feel sometimes. 563 00:29:08,360 --> 00:29:10,280 Obviously I didn't sell through any of this because like, I have 564 00:29:10,280 --> 00:29:12,280 my targets. I ain't selling 2024. 565 00:29:12,280 --> 00:29:13,680 I ain't selling any crypto this year. 566 00:29:13,680 --> 00:29:15,160 Fuck this. I don't care whether I'm right 567 00:29:15,160 --> 00:29:16,920 or wrong. I I think over time I'll be 568 00:29:16,920 --> 00:29:18,960 right. More right than wrong at least. 569 00:29:19,240 --> 00:29:21,280 But This is why. Like study how you felt last 570 00:29:21,280 --> 00:29:24,520 week when everybody was Max bear tweeting and then how you feel 571 00:29:24,520 --> 00:29:27,200 this Morning Post. Like you know there is some 572 00:29:27,200 --> 00:29:29,160 sense of euphoria. Rightfully so. 573 00:29:29,160 --> 00:29:32,480 But even if there's euphoria, ETH is still $1000 away from its 574 00:29:32,560 --> 00:29:35,960 all time high. When do we think ETH reaches its 575 00:29:35,960 --> 00:29:37,600 all time high boys. All time high. 576 00:29:37,920 --> 00:29:44,080 At least here my my charts on cracking is 4848 forty 800 577 00:29:44,480 --> 00:29:46,200 right. That was the wow, it's pumping 578 00:29:46,200 --> 00:29:47,200 right now. What what do we think? 579 00:29:47,200 --> 00:29:49,920 When do we think we hit this all time and do we think with the 580 00:29:49,960 --> 00:29:53,680 actual approval, the stone cold for sure approval, we hit that. 581 00:29:56,080 --> 00:29:58,480 I think, I think everything hits its all time line. 582 00:29:59,080 --> 00:30:00,840 I think all the all the majors hit their all time line. 583 00:30:01,120 --> 00:30:08,080 Like I thought for a while that ETH dominance was in trouble and 584 00:30:08,080 --> 00:30:11,560 I'm more than happy to see see that this changes the the now. 585 00:30:11,560 --> 00:30:13,800 I think, I think the tokenization narrative is what 586 00:30:13,800 --> 00:30:15,680 you'll see. I do think you'll see, like I 587 00:30:15,680 --> 00:30:20,760 said there's going to be some short term FUD here from what 588 00:30:20,760 --> 00:30:22,720 happens with grayscale. No doubt in my mind like I think 589 00:30:22,720 --> 00:30:24,960 that will probably stop us from getting for 12 time high just 590 00:30:24,960 --> 00:30:26,960 now on EVE. But Bitcoin's about to blaster. 591 00:30:26,960 --> 00:30:28,760 It's four time high. This is so bullish of Bitcoin. 592 00:30:29,080 --> 00:30:31,960 It's so bullish for Solana. It's so bullish for for crypto 593 00:30:31,960 --> 00:30:36,160 in general that you're having a softening of of the the SEC's 594 00:30:36,160 --> 00:30:39,760 approach to crypto. Just like think take a step 595 00:30:39,760 --> 00:30:41,200 back. Like people in the US have been 596 00:30:41,200 --> 00:30:46,520 scared to do anything in crypto for years and if suddenly now 597 00:30:46,520 --> 00:30:48,720 you have some sort of more clarity in what can be done, 598 00:30:49,480 --> 00:30:52,000 particularly because it's going to be now probably led by some 599 00:30:52,000 --> 00:30:53,920 of the biggest financial institutions in the world, 600 00:30:55,000 --> 00:30:56,160 right? If Black Rock's doing something, 601 00:30:56,160 --> 00:30:57,720 you're probably going to be OK to do it too. 602 00:31:00,920 --> 00:31:06,440 Stuff for me for crypto. So yeah, I am Max bullish today. 603 00:31:06,520 --> 00:31:08,880 Max Max bullish. This completely changes the 604 00:31:08,880 --> 00:31:10,400 narrative. Don't fade it I. 605 00:31:11,480 --> 00:31:15,920 Love this. I love this. 606 00:31:15,920 --> 00:31:19,120 Crazy. Like literally 12%. 607 00:31:19,120 --> 00:31:22,120 I opened the fucking Polymarkets last week on the show. 608 00:31:22,120 --> 00:31:23,640 We've been opening every single day. 609 00:31:23,640 --> 00:31:25,880 We've been talking about this every single day. 610 00:31:25,880 --> 00:31:30,400 It went out 12%. Twelve percent, 12%. 611 00:31:31,280 --> 00:31:34,120 This is crazy. Same show where they laughed all 612 00:31:34,120 --> 00:31:36,840 year last year when we said Pepe is going to be a $5 billion 613 00:31:36,840 --> 00:31:40,160 token. And they laughed, they laughed, 614 00:31:40,400 --> 00:31:42,080 they laughed, they laughed. And here it is. 615 00:31:42,120 --> 00:31:43,280 Here it is. Here it is. 616 00:31:43,280 --> 00:31:44,720 Tyler. Tyler, I know you've been 617 00:31:44,720 --> 00:31:46,080 bullish. You've been bullish. 618 00:31:46,120 --> 00:31:48,280 You were on the show last year, but you've been bullish. 619 00:31:48,480 --> 00:31:49,840 I see you. I mean, what? 620 00:31:49,840 --> 00:31:51,400 What? What do you. 621 00:31:51,400 --> 00:31:53,360 Oh my God, this is wild. This is just wild. 622 00:31:53,360 --> 00:31:54,280 Do it. So when's the approval? 623 00:31:54,280 --> 00:31:55,440 It's in two days, right? It could. 624 00:31:55,480 --> 00:31:57,000 It's supposed to come on 23rd, right? 625 00:31:57,280 --> 00:32:00,920 If we go per like what happened with Bitcoin, they waited until 626 00:32:00,920 --> 00:32:02,840 the very last day. So it was like on the last day 627 00:32:02,840 --> 00:32:05,760 where like the S1, so the 19 B fours and the S1 filings came in 628 00:32:06,160 --> 00:32:09,240 and then that got accepted. The Bloomberg brothers. 629 00:32:09,280 --> 00:32:11,720 I mean look, I went back and forth James yesterday. 630 00:32:11,720 --> 00:32:14,480 The thing is they didn't know better either. 631 00:32:14,600 --> 00:32:16,560 It's like because James responded to me because I was 632 00:32:16,560 --> 00:32:18,480 like he was like wondering like he's like look like we're 633 00:32:18,480 --> 00:32:19,920 probably gonna get hit on for a while here. 634 00:32:19,920 --> 00:32:22,600 I think the lot of the hate they were getting was not because 635 00:32:22,680 --> 00:32:24,400 they they had the position so low. 636 00:32:24,400 --> 00:32:26,960 It's because James said that black rock's about to be handed 637 00:32:26,960 --> 00:32:29,760 their second loss. Like word for word, someone got 638 00:32:29,760 --> 00:32:33,200 the tweet out. And then Eric Balkunas is to go 639 00:32:33,200 --> 00:32:36,280 on and say that ETS are like nothing burgers, which I 640 00:32:36,440 --> 00:32:39,320 personally strongly disagree about the thing. 641 00:32:39,320 --> 00:32:41,240 It is a big burger. It's actually a bacon 642 00:32:41,240 --> 00:32:42,840 cheeseburger. It's a Baconator with double 643 00:32:42,840 --> 00:32:47,440 Patty and and and so I think that's why they get backlash but 644 00:32:47,440 --> 00:32:50,040 it's not like they knew better and this is definitely taking us 645 00:32:50,400 --> 00:32:52,880 by surprise. I mean what what happens now? 646 00:32:53,600 --> 00:32:56,000 I'm so curious about politically what happens now. 647 00:32:56,040 --> 00:32:58,440 Like Tyler you talked about this last week like they repealed 648 00:32:58,440 --> 00:33:00,440 this bill. It was both Dems and and and and 649 00:33:00,440 --> 00:33:02,080 and Republicans. Like, do you think this just 650 00:33:02,080 --> 00:33:03,920 made the main narrative now for the rest of the elections? 651 00:33:03,920 --> 00:33:06,600 Like crypto? Yeah I think there's a new bill 652 00:33:06,600 --> 00:33:09,440 I believe it passed in the House yesterday that it's appointing 653 00:33:09,440 --> 00:33:12,080 one of the the Chambers of Commerce I believe who's going 654 00:33:12,080 --> 00:33:16,520 to oversee crypto policy you know and advise the president on 655 00:33:16,520 --> 00:33:20,320 that and like the the wins there is that it's it's another blow 656 00:33:20,760 --> 00:33:22,920 against the FC, CS power to to a degree. 657 00:33:23,400 --> 00:33:28,960 So it's just another sign of adoption and and change in in 658 00:33:28,960 --> 00:33:33,240 Washington and I agree with Mando it just seems so so 659 00:33:33,240 --> 00:33:35,440 important. I think my concern is like is 660 00:33:35,440 --> 00:33:38,760 this just dims posturing to win the election and then are they 661 00:33:38,760 --> 00:33:41,960 going to reverse course. It's like it's been it's been so 662 00:33:41,960 --> 00:33:46,920 bad for so long like that is my like I'm I'm still not 100% 663 00:33:46,920 --> 00:33:50,640 there yet like I I don't want to be too overly bullish just 664 00:33:50,640 --> 00:33:54,640 because you know we we've seen this but if it truly is flipping 665 00:33:54,640 --> 00:33:59,080 then I think that is incredibly important and you know from an 666 00:33:59,080 --> 00:34:01,840 all time high standpoint I think my I'll give a prediction and 667 00:34:01,840 --> 00:34:05,520 I'll say Q4 just because I think we'll run into it. 668 00:34:05,920 --> 00:34:08,840 We'll see the the selling just like we saw with Bitcoin. 669 00:34:08,840 --> 00:34:11,800 I think Bitcoin took like a month after the sign to to come 670 00:34:11,800 --> 00:34:14,360 back and hit all time high. Feels like it might take a 671 00:34:14,360 --> 00:34:16,280 little longer for East, so I'll say Q4. 672 00:34:16,880 --> 00:34:18,120 Yeah. OK. 673 00:34:18,320 --> 00:34:20,120 OK. Let's see QQ 4 for all time. 674 00:34:20,159 --> 00:34:23,560 I I personally think like East Rips to AT to all time high post 675 00:34:23,560 --> 00:34:28,480 ETF approval like I think I think I think we'll like I think 676 00:34:28,480 --> 00:34:31,880 it's something that rips right away like straight up like after 677 00:34:31,880 --> 00:34:35,480 what I saw yesterday that daily candle like $70 billion candle 678 00:34:35,480 --> 00:34:37,400 and that made me even more bullish in the rest of the 679 00:34:37,400 --> 00:34:40,520 market because imagine that amount of volume like 110th of 680 00:34:40,520 --> 00:34:44,600 that volume going to a coin like Solana for example, right or to 681 00:34:44,600 --> 00:34:46,360 any of the other alts could be crazy. 682 00:34:46,360 --> 00:34:49,199 I saw B&B for example like a lot of people have been bull posting 683 00:34:49,199 --> 00:34:53,320 B&B and that's been getting quite a bit up actually it's up 684 00:34:53,320 --> 00:34:56,280 it's up 10% in 24 hours. So that's something I've been 685 00:34:56,280 --> 00:34:58,000 good to see and all over the board. 686 00:34:58,000 --> 00:35:01,040 I mean that top 10 is going to look much different very soon 687 00:35:01,440 --> 00:35:02,840 and I think the shift starts now. 688 00:35:02,840 --> 00:35:06,120 But anyways in other news, so we had that of course today. 689 00:35:06,120 --> 00:35:09,360 Sorry lads and lads is listening to the spaces but it has to be a 690 00:35:09,360 --> 00:35:11,680 heavy ETF. I remember that Bitcoin ETF 691 00:35:11,680 --> 00:35:15,800 week, it was every single show for 10 days was all about ETFSI 692 00:35:15,800 --> 00:35:18,480 mean the other thing that happens which happened like 5 693 00:35:18,480 --> 00:35:21,720 minutes before the ETF news so it kind of got swept on the West 694 00:35:21,720 --> 00:35:23,480 medal. Jealousy to come back. 695 00:35:26,360 --> 00:35:27,760 We should try and get Eric back on the show. 696 00:35:28,520 --> 00:35:31,560 Yeah, I mean he he decides he's on the he's in your friends show 697 00:35:31,560 --> 00:35:33,200 now. Right now he's he's on the 698 00:35:33,520 --> 00:35:35,520 crypto channel Crypto banter show. 699 00:35:36,120 --> 00:35:36,880 So. Oh really? 700 00:35:38,400 --> 00:35:39,600 No. He is on another show. 701 00:35:40,440 --> 00:35:41,280 I'm in. I'm in. 702 00:35:41,280 --> 00:35:42,520 I'm in. To get them on again. 703 00:35:42,520 --> 00:35:44,720 I'd love to. I'd love to get them on again. 704 00:35:44,960 --> 00:35:47,080 Definitely would love to. I mean James, James. 705 00:35:47,120 --> 00:35:50,320 Dave doesn't follow me. But but Eric Bakunis, I can hit 706 00:35:50,320 --> 00:35:51,480 him up again like I did last time. 707 00:35:52,120 --> 00:35:53,680 Get him on. Let's get him on tomorrow. 708 00:35:53,680 --> 00:35:56,200 We don't have guests this week. Fuck it. 709 00:35:56,680 --> 00:35:57,920 I'll, I'll damn it. Let's get him on tomorrow. 710 00:35:58,280 --> 00:36:01,160 If James follows you or or you, Tyler, definitely DM him to get 711 00:36:01,160 --> 00:36:02,440 him on because we have Eric last time. 712 00:36:02,480 --> 00:36:03,800 Could be cool to have James this time. 713 00:36:06,200 --> 00:36:09,280 Yeah, And our girl, Eleanor. Eleanor Tarrant, who we had last 714 00:36:09,280 --> 00:36:12,240 time she was on vacation this week and she tweeted like shit. 715 00:36:12,240 --> 00:36:14,080 That's like the worst time to pick a vacation week, huh? 716 00:36:16,240 --> 00:36:18,400 Come on, Eleanor. You were dubbed the Queen of 717 00:36:18,400 --> 00:36:21,280 ETFs last time when you go on vacation on the week that 718 00:36:21,280 --> 00:36:25,280 potentially ETTFS are approved. Come on Eleanor, we'll get you 719 00:36:25,280 --> 00:36:27,600 back on the show too. She's gonna, she's gonna she's 720 00:36:27,600 --> 00:36:30,160 gonna come back from from her vacation to get get on the show 721 00:36:30,800 --> 00:36:32,960 for sure. But anyways, the other thing 722 00:36:32,960 --> 00:36:36,840 which also happened on a theory yesterday, which was the the 723 00:36:36,960 --> 00:36:38,880 crypto punk stuff. I'm assuming you all saw what 724 00:36:38,880 --> 00:36:42,400 happened yesterday. Look it looks like this whole, 725 00:36:42,400 --> 00:36:45,200 like conversation just kind of died down now, especially that 726 00:36:45,200 --> 00:36:47,960 given that the ETF stuff literally came in like 10 727 00:36:47,960 --> 00:36:49,520 minutes later it was planned right? 728 00:36:49,520 --> 00:36:51,560 Like Garga called James safe and Eric Bell. 729 00:36:51,560 --> 00:36:55,000 Kunis was like, yo, we need you to like revise your your your 730 00:36:55,040 --> 00:36:59,240 ECTF like position here to like change the narrative. 5 minutes 731 00:36:59,400 --> 00:37:02,240 for 1015 minutes everybody was like at Nina Nina Chanel's 732 00:37:02,240 --> 00:37:04,880 fucking throat. I'd utilize his throats on the 733 00:37:04,880 --> 00:37:06,720 timeline throwing jabs left and right. 734 00:37:07,200 --> 00:37:10,560 Next thing you know ECTF approval up to 75%. 735 00:37:11,440 --> 00:37:14,840 We forget then Gargan you same night saying look we're going to 736 00:37:14,840 --> 00:37:16,800 leave the punks alone. There's going to be a super cool 737 00:37:16,800 --> 00:37:19,000 world like raffle for 500 pieces this happens. 738 00:37:19,200 --> 00:37:22,040 Mando though managed to catch the the most liked tweet under 739 00:37:22,040 --> 00:37:23,840 that post. So Mando I'll go to you first 740 00:37:23,840 --> 00:37:26,160 and then definitely your thoughts your Tyler as well 741 00:37:26,160 --> 00:37:28,000 because you put a tweet out about this yesterday. 742 00:37:28,000 --> 00:37:30,960 But what was your guys's first reactions my fellow no punkers 743 00:37:31,240 --> 00:37:33,400 on the on the on what happened yesterday because it's 744 00:37:33,400 --> 00:37:34,600 important. Mando made a point before the 745 00:37:34,600 --> 00:37:36,880 show. It's important to know also how 746 00:37:37,120 --> 00:37:39,120 people don't own punks feel, because that's the people that 747 00:37:39,120 --> 00:37:40,920 technically are going to could buy into punks. 748 00:37:41,320 --> 00:37:42,880 All right, so I'll go to you guys first. 749 00:37:43,000 --> 00:37:45,000 Amanda, what do you, what did you make of yesterday and what 750 00:37:45,000 --> 00:37:47,480 do you make of the decision Gargo made right away to to pull 751 00:37:47,480 --> 00:37:50,240 it back? I thought it was dumb, so it was 752 00:37:50,240 --> 00:37:52,080 really dumb. I thought it was like the 753 00:37:52,080 --> 00:37:53,720 complete opposite of what they said they were going to do. 754 00:37:54,080 --> 00:37:57,040 And clearly they had a strategy meeting where they said they 755 00:37:57,040 --> 00:38:01,240 were going to do a bunch of, like high art inspired drops 756 00:38:01,240 --> 00:38:03,000 alongside the crypto punks. That's clearly what this was 757 00:38:03,000 --> 00:38:05,040 going to be the start of we're going to have an artist in 758 00:38:05,040 --> 00:38:07,680 residence who's going to do a drop and it's going to be 759 00:38:07,680 --> 00:38:10,720 inspired by the crypto punks. The good issue about that is 760 00:38:10,720 --> 00:38:13,600 that, like, the communities may not fuck with some of these 761 00:38:13,600 --> 00:38:15,200 drops. And I just thought this was 762 00:38:15,520 --> 00:38:19,040 clearly, yeah, maybe it's high art or that sort of stuff, but 763 00:38:19,040 --> 00:38:22,040 like this doesn't really feel like something that people are 764 00:38:22,040 --> 00:38:23,400 going to immediately jump towards. 765 00:38:24,440 --> 00:38:26,640 And I also just kind of went against the idea of we're not 766 00:38:26,640 --> 00:38:28,280 going to do anything with punks. It's like, yeah, we're not going 767 00:38:28,280 --> 00:38:30,120 to do anything with punks, but we're going to do punk inside 768 00:38:30,120 --> 00:38:34,000 derivative drops. I think that's that's doing 769 00:38:34,000 --> 00:38:38,760 something with punks. So I think by the way they move 770 00:38:38,760 --> 00:38:41,680 quickly, well, that's the thing, like why do I want some punk 771 00:38:41,680 --> 00:38:44,800 derivative from a high artist, which where you're telling me 772 00:38:44,800 --> 00:38:46,320 that this is high art, so I need to buy it. 773 00:38:46,320 --> 00:38:49,160 Like I just don't think you want that. 774 00:38:49,160 --> 00:38:51,360 I just don't think you want that you want don't want to have like 775 00:38:51,360 --> 00:38:55,520 literally punk derivatives being pushed by Yugolab. 776 00:38:55,520 --> 00:38:59,200 So my view was that they should do nothing. 777 00:38:59,200 --> 00:39:01,360 They ended up coming out and said they're going to do nothing 778 00:39:01,360 --> 00:39:07,520 and and we we can move on. But yeah, yeah, I just thought 779 00:39:07,520 --> 00:39:10,960 that was that was silly move. Yeah, what about you, Tyler? 780 00:39:10,960 --> 00:39:13,200 I mean, you actually put a tweet out yesterday. 781 00:39:13,840 --> 00:39:15,480 Yeah, well we can get there in a second. 782 00:39:15,600 --> 00:39:17,800 I I'm on the opposite side. So I think the only mistake was 783 00:39:17,800 --> 00:39:20,360 was walking it back at the end of the night so. 784 00:39:20,840 --> 00:39:23,080 Interesting. Right off the bat, I I don't 785 00:39:23,080 --> 00:39:25,120 like this collection. It's not for me. 786 00:39:25,160 --> 00:39:31,200 But I like the concept behind partnering with leading artists 787 00:39:31,200 --> 00:39:35,720 from the traditional art world, modern art world, and providing 788 00:39:35,720 --> 00:39:40,760 access to their art for your holders and the idea like So 789 00:39:40,760 --> 00:39:42,800 what? What is the artist in residence 790 00:39:42,800 --> 00:39:44,280 like? What have has the punk sleeve 791 00:39:44,280 --> 00:39:45,480 been doing? They're trying to elevate the 792 00:39:45,480 --> 00:39:49,240 brand and bring more attention to it overall. 793 00:39:49,680 --> 00:39:51,800 Now some of the punch holders are saying no, no, leave it 794 00:39:51,800 --> 00:39:56,680 alone. But you want attention on the 795 00:39:56,680 --> 00:39:58,760 brand for the brand to be elevated. 796 00:39:59,200 --> 00:40:01,640 And I I don't think punk owners themselves are doing all that 797 00:40:01,640 --> 00:40:03,760 much to elevate the brand right now. 798 00:40:04,200 --> 00:40:07,280 In fact I think some of the discourse on the timeline from 799 00:40:07,280 --> 00:40:10,280 the punk holders was was more off putting than perhaps the 800 00:40:10,280 --> 00:40:11,720 Yuga man. I think a lot of the backlash 801 00:40:11,720 --> 00:40:14,680 was driven because people just love donkey on yuga and Yuga's 802 00:40:14,680 --> 00:40:17,720 not going to do anything right right now. 803 00:40:18,240 --> 00:40:20,560 Again, I I don't love this collection but I thought that 804 00:40:20,560 --> 00:40:23,720 the pivot to just giving it to the Nina Chanel holders was. 805 00:40:24,800 --> 00:40:27,880 I don't know it was it was giving an in but then it just. 806 00:40:28,280 --> 00:40:31,040 It shows that their strategy that they had for this whole 807 00:40:31,040 --> 00:40:33,880 roll out they've been working on for such a long time is just 808 00:40:33,880 --> 00:40:35,240 admitting it was just totally wrong. 809 00:40:36,000 --> 00:40:39,400 So those are my thoughts there. But then the same time I I did 810 00:40:39,400 --> 00:40:41,600 raise the point. So who is the incremental buyer 811 00:40:41,680 --> 00:40:46,120 of punks here? And my point was that that the 812 00:40:46,120 --> 00:40:48,280 folks making money in the trench, the the boys in the 813 00:40:48,280 --> 00:40:50,280 trenches making money right now are not interested in buying 814 00:40:50,280 --> 00:40:54,920 crypto punks and and it seems like like the DS ES of the world 815 00:40:54,920 --> 00:40:58,120 from the 2021 cohort they have enough punks and and they don't 816 00:40:58,120 --> 00:41:01,280 seem like they're interested in buying more and of course 817 00:41:01,280 --> 00:41:03,560 there's there's small exceptions to that rules. 818 00:41:03,560 --> 00:41:06,720 My question is who who are the buyers coming in. 819 00:41:07,240 --> 00:41:10,760 Of course this happened you know an hour before the entire ETH 820 00:41:10,760 --> 00:41:14,240 narrative shifted. I guess in in the world where 821 00:41:14,240 --> 00:41:18,440 like ETH this dominates, owning that the leading digital asset 822 00:41:18,440 --> 00:41:21,600 on ETH, maybe that becomes the the narrative again and maybe 823 00:41:21,600 --> 00:41:23,600 that's enough to to bring people around. 824 00:41:24,240 --> 00:41:28,280 But you know at that point in time yesterday, it just didn't 825 00:41:28,280 --> 00:41:31,360 seem like I could really pinpoint who who the next buyer 826 00:41:31,360 --> 00:41:32,960 is. And like myself personally, I 827 00:41:32,960 --> 00:41:34,720 got, I've been able to run up enough eat this year to buy 828 00:41:34,720 --> 00:41:35,480 pumpkin. I just haven't. 829 00:41:35,640 --> 00:41:38,000 I haven't done it because of the opportunity cost. 830 00:41:38,400 --> 00:41:40,720 And. And maybe the we have to wait 831 00:41:40,720 --> 00:41:43,360 for the opportunity cost to go away, maybe we have to wait for 832 00:41:43,880 --> 00:41:47,200 beams to do their thing for the farms to run out and then maybe 833 00:41:47,200 --> 00:41:48,960 MTS will finally have their time in the sun. 834 00:41:49,600 --> 00:41:52,760 I mean punk's four in terms of U.S. dollars was up 25,000 835 00:41:52,760 --> 00:41:54,960 something dollars since since since yesterday. 836 00:41:54,960 --> 00:41:57,600 But in ETH I mean on your screenshot was 37 five it's 837 00:41:57,600 --> 00:42:00,400 still 37 here so and ETH is unchanged. 838 00:42:00,520 --> 00:42:03,320 So it's easy to say oh like change narrative like it's ETH 839 00:42:03,320 --> 00:42:06,400 is 1 ETH is 1 ETH when it's good for my bags and it's in USD when 840 00:42:06,400 --> 00:42:07,640 it's not. So I don't want to be that guy 841 00:42:07,640 --> 00:42:12,760 either but but it what what what I think here is like that's why 842 00:42:12,760 --> 00:42:14,640 I responded to you honestly yesterday on the on the timeline 843 00:42:14,640 --> 00:42:16,320 was like people are not at the stage where like they buy 844 00:42:16,320 --> 00:42:18,640 themselves like an expensive JPEG an expensive wash an 845 00:42:18,640 --> 00:42:21,160 expensive car an expensive anything here like especially 846 00:42:21,160 --> 00:42:23,600 with the ETH approve like potential approval on the news 847 00:42:23,600 --> 00:42:26,680 yesterday is where you like actually now you remain not like 848 00:42:27,200 --> 00:42:32,040 I yeah they bought up milady but that's a better trade than the 849 00:42:32,120 --> 00:42:35,080 car but it's it's easier to make a trade on the three ETH asset 850 00:42:35,080 --> 00:42:38,840 than the 48th acid right but I. Think I think what I'm trying to 851 00:42:38,840 --> 00:42:41,840 get at is that like Milady's are closest to the culture of of 852 00:42:41,840 --> 00:42:45,560 crypto right now. Like this to me felt very 853 00:42:45,840 --> 00:42:47,520 detached from the culture of crypto. 854 00:42:47,800 --> 00:42:49,640 Like we're going to give you something which is clearly 855 00:42:49,640 --> 00:42:52,120 polarizing. That was, that was for artworks, 856 00:42:52,160 --> 00:42:53,280 right? It was not a risk, yeah. 857 00:42:53,720 --> 00:42:56,160 But it's kind of like the proof model, which is what something 858 00:42:56,160 --> 00:42:57,720 in the comments has said, where it's like, right, we're going 859 00:42:57,720 --> 00:43:00,080 to, we're going to make you the art PF like. 860 00:43:00,440 --> 00:43:02,160 Well, they have always been the. Art like I just. 861 00:43:02,240 --> 00:43:07,520 I just feel as though. Yeah, crypto. 862 00:43:07,720 --> 00:43:10,840 Punk are crypto culture. I don't see themselves like, I 863 00:43:10,840 --> 00:43:13,080 don't think so. For me, I just felt like this. 864 00:43:13,280 --> 00:43:19,000 To me it looked like a thin like veil of yeah, we're going to try 865 00:43:19,000 --> 00:43:20,880 and elevate it to which we're going to try and make some money 866 00:43:20,880 --> 00:43:23,320 out of the crypto punk brand and we're going to do drops 867 00:43:23,320 --> 00:43:25,760 alongside it. And I just think that whether 868 00:43:25,760 --> 00:43:28,000 you, whether they can say, you know, no, actually this is going 869 00:43:28,000 --> 00:43:29,920 to elevate the brand, sure. But at the same time you're 870 00:43:29,920 --> 00:43:31,680 going to have a bunch of punk derivatives which people are 871 00:43:31,680 --> 00:43:34,280 going to buy from you for. And it was a Dutch auction, 872 00:43:34,280 --> 00:43:34,840 right. So like. 873 00:43:35,720 --> 00:43:37,120 Yeah, Dutch Auction. Like let's. 874 00:43:37,640 --> 00:43:38,200 Not. Let's not. 875 00:43:38,200 --> 00:43:40,400 Let's not. Let's not be blind to the idea. 876 00:43:40,400 --> 00:43:42,800 They were going to make quite a bit of money from this and I 877 00:43:42,800 --> 00:43:44,960 just feel like that's not what punk soldiers want. 878 00:43:46,360 --> 00:43:49,400 They they want you to put them in at the same time they have a 879 00:43:49,400 --> 00:43:51,680 poison chalice. Everyone said this about when 880 00:43:51,680 --> 00:43:54,960 they bought it, like you have this brand, which actually no 881 00:43:54,960 --> 00:43:58,680 one wants you to fucking touch. I'm not saying they're in some 882 00:43:58,680 --> 00:44:02,920 amazing position, but if I was a punk solder and I saw this also 883 00:44:03,080 --> 00:44:06,840 as not a punk solder and I saw this, I was just like this looks 884 00:44:06,840 --> 00:44:09,440 like you're trying to make some. Oh my, my assessment from it 885 00:44:09,440 --> 00:44:10,800 yesterday. It was like yesterday that I 886 00:44:10,800 --> 00:44:12,400 even wrote this morning in the punk chat. 887 00:44:12,400 --> 00:44:15,360 Yesterday was the first time that I saw some punks that are 888 00:44:15,360 --> 00:44:17,600 usually not vocal because they kind of gave up on being vocal 889 00:44:17,600 --> 00:44:18,920 and stuff that actually care about crypto. 890 00:44:18,920 --> 00:44:22,320 Punks become vocal and not be happy about the development. 891 00:44:22,320 --> 00:44:24,080 Like it was one of the rare times when I was talking to 892 00:44:24,080 --> 00:44:25,160 these and he was like, yo, fuck this. 893 00:44:25,160 --> 00:44:30,360 Like I I don't like this and these to me there was always a 894 00:44:30,360 --> 00:44:32,480 tastemaker in crypto punks. When I got into punks I looked 895 00:44:32,600 --> 00:44:35,400 to G Money. He's in here shot G Money these 896 00:44:35,400 --> 00:44:37,120 by the way. G Money that's fire the fucking 897 00:44:37,560 --> 00:44:40,280 Chance the Rapper at the fucking the voice crazy after Bradley 898 00:44:40,280 --> 00:44:41,240 Cooper. Anyways. 899 00:44:41,400 --> 00:44:44,000 G Money these etcetera, like and I saw a lot of punks that I 900 00:44:44,000 --> 00:44:46,120 personally look up to as tastemakers in the punks 901 00:44:46,120 --> 00:44:47,520 community right. There's the people that I will 902 00:44:47,520 --> 00:44:50,320 probably text before I buy a punk to ask them what they think 903 00:44:50,320 --> 00:44:54,920 of the punk I'm buying right Not be very happy about this And I'm 904 00:44:54,920 --> 00:44:56,640 not saying G Money was whatever. It's just like I'm saying like 905 00:44:57,120 --> 00:44:59,120 because I saw G Money was like taking the other side of this 906 00:44:59,120 --> 00:45:00,760 and whatever. But I'm just saying like a lot 907 00:45:00,760 --> 00:45:02,560 of the punks usually are not vocal, were vocal. 908 00:45:03,240 --> 00:45:08,920 And I go and I think that also that goes towards like and then 909 00:45:08,920 --> 00:45:11,440 somebody, Chad said, well what if it was Jay-Z, people wouldn't 910 00:45:11,440 --> 00:45:14,720 have been as vocal. While I may agree with that, I 911 00:45:14,720 --> 00:45:17,920 also do think that it comes from a place where a lot of the punks 912 00:45:18,200 --> 00:45:21,880 don't trust that yoga will like do the right thing with punks 913 00:45:21,880 --> 00:45:23,160 like that's. I'm not saying I don't, I'm just 914 00:45:23,160 --> 00:45:24,680 saying that's what I'm reading from the timeline. 915 00:45:24,680 --> 00:45:27,760 It's obvious at this stage, and what they like is the Avant Art 916 00:45:27,760 --> 00:45:30,680 Collab fire. I have one right I actually need 917 00:45:30,680 --> 00:45:33,200 to unbox it. The putting punks in museums 918 00:45:33,280 --> 00:45:34,720 fire. It's why they belong. 919 00:45:34,960 --> 00:45:37,800 The punks brunches at Isaac's putting together fire though. 920 00:45:37,800 --> 00:45:40,160 All my favorite events are always like ours or the punks 921 00:45:40,160 --> 00:45:42,440 brunches because I just love meeting like my individuals. 922 00:45:43,240 --> 00:45:45,840 They're always good. But no they don't want any 923 00:45:45,840 --> 00:45:47,720 derivatives minting this sandwich. 924 00:45:47,760 --> 00:45:49,600 The point you're making Mando and actually Tyler as well. 925 00:45:49,600 --> 00:45:52,520 Like they don't want more. It's not even a knock on Nina. 926 00:45:52,520 --> 00:45:54,680 Like I love. Personally, I love Nina Chanel 927 00:45:54,680 --> 00:45:56,320 Abdi. I think her art is really cool. 928 00:45:56,840 --> 00:45:58,120 They like this drop specifically. 929 00:45:58,120 --> 00:46:00,920 Maybe it's not my taste either but I'll take what Tyler said 930 00:46:00,920 --> 00:46:03,320 he's right. He's like, that's just your 931 00:46:03,320 --> 00:46:04,840 taste in art. It doesn't really, It's not 932 00:46:04,840 --> 00:46:07,000 really like, oh, you can't think this is bad art, this is good 933 00:46:07,000 --> 00:46:10,360 art, but people just don't want punks to talk with and touch. 934 00:46:10,360 --> 00:46:13,960 I think that was really like really really really like my, 935 00:46:13,960 --> 00:46:18,320 my, my main take away, Obviously derogatory comments, like the 936 00:46:18,320 --> 00:46:21,720 homophobic, transphobic, like racist shit is never cool. 937 00:46:21,960 --> 00:46:24,520 But also like that is a discourse that I saw come from 938 00:46:24,520 --> 00:46:27,080 non punks like within the punks to me. 939 00:46:27,080 --> 00:46:30,120 Yeah, some people are very, very, like, unhappy with the 940 00:46:30,120 --> 00:46:31,520 whole. I was annoyed by that discourse. 941 00:46:31,800 --> 00:46:34,440 I I was annoyed by the like, the council culture around the idea 942 00:46:34,440 --> 00:46:36,840 that the people, if you say you didn't like it, somehow it was 943 00:46:36,840 --> 00:46:38,800 like, oh, you know, like. That's what. 944 00:46:38,920 --> 00:46:41,720 That's what I'm just saying. Like there is also like, it was 945 00:46:41,720 --> 00:46:43,480 both ways, right? It's always both ways. 946 00:46:43,480 --> 00:46:45,080 But I know what you mean. I know what you mean like. 947 00:46:45,760 --> 00:46:47,600 Look like a derivative it looked like to me. 948 00:46:47,600 --> 00:46:51,840 And whether whether it's whether it's like right or not, like I 949 00:46:52,080 --> 00:46:54,960 thought it was, it looked like a derivative, which people were 950 00:46:54,960 --> 00:46:56,560 going to have a mixed view on, right? 951 00:46:56,560 --> 00:46:59,280 Like my my tweet there was like clearly people are not going to 952 00:46:59,280 --> 00:47:01,440 have like some amazing view of this is this is as good as like 953 00:47:01,440 --> 00:47:03,480 the original crypto punks. And that's bad for punks. 954 00:47:03,760 --> 00:47:06,480 That's bad for punk. I like the residence program. 955 00:47:07,280 --> 00:47:09,680 I thought the residence program. I was on the show, We had a 956 00:47:09,680 --> 00:47:10,920 debate. I think it was one day where you 957 00:47:10,920 --> 00:47:13,840 couldn't make it, man, it was like me OV Harold Benny. 958 00:47:14,240 --> 00:47:17,400 And I think, Gee, I forgot, is it G1? 959 00:47:17,400 --> 00:47:18,600 You know, it's like four or five punks. 960 00:47:18,960 --> 00:47:20,360 We're just talking on the show. Oh, Loxy. 961 00:47:20,360 --> 00:47:24,480 It was Loxy and I was on the side that was like 4 OV was 962 00:47:24,480 --> 00:47:25,880 like, yeah, fuck this, don't touch this. 963 00:47:25,880 --> 00:47:27,480 Don't do anything, whatever. And I was more on the side, 964 00:47:27,480 --> 00:47:29,200 like, yo, like the residence program is actually really cool. 965 00:47:29,200 --> 00:47:31,480 Like Nina Chanel's a big artist. Like they're not bringing some 966 00:47:31,480 --> 00:47:34,240 fucking bozo like small name no name person. 967 00:47:34,240 --> 00:47:36,560 Like they're bringing someone who actually is like extremely 968 00:47:36,560 --> 00:47:38,800 reputable in the art world. Right. 969 00:47:38,800 --> 00:47:40,880 So I see where they were trying to go with that. 970 00:47:41,320 --> 00:47:44,440 I like the residence program. But now obviously that's that's 971 00:47:44,440 --> 00:47:46,400 never going to happen ever again. 972 00:47:46,400 --> 00:47:48,880 But I think if you go deep, deep, deep, like, I genuinely 973 00:47:48,880 --> 00:47:51,320 think like the deep, deep core punk holders just still don't 974 00:47:51,320 --> 00:47:53,560 sit right with them. The sale of the punks to yoga, 975 00:47:53,640 --> 00:47:55,560 they just don't like the association to yoga. 976 00:47:55,560 --> 00:47:56,640 I think that's what it comes down to. 977 00:47:57,400 --> 00:47:59,480 That's my take away from this again, because that's the main 978 00:47:59,480 --> 00:48:00,920 comments every time. It's like, oh, yoga did this 979 00:48:01,080 --> 00:48:03,520 right. I think it's that, and I think 980 00:48:03,520 --> 00:48:05,680 they don't like the execution more than the concept itself. 981 00:48:05,680 --> 00:48:07,760 Like what? What if this was Sam's brat and 982 00:48:07,760 --> 00:48:12,000 it was a punk inspired like the next iteration of Skulls of Lucy 983 00:48:12,440 --> 00:48:15,840 collection that that everyone loves like so do you hate the 984 00:48:15,840 --> 00:48:20,440 idea then that you guys using the brand in in that scenario? 985 00:48:20,560 --> 00:48:23,200 I feel like the reaction is just because of the output versus 986 00:48:23,200 --> 00:48:25,440 the. Makes sense. 987 00:48:25,440 --> 00:48:27,400 Anyways, what I love is that punks, they care about their 988 00:48:27,400 --> 00:48:29,760 shit so much like that that you can saw what happened. 989 00:48:29,760 --> 00:48:31,520 Like that's that's one thing I love about crypto punks, that 990 00:48:31,520 --> 00:48:34,320 they really, really care and and that's also a big take away that 991 00:48:34,320 --> 00:48:36,840 I see from that community at all times. 992 00:48:37,200 --> 00:48:40,200 And I know Natalie Stone. Like you know she's she she 993 00:48:40,200 --> 00:48:42,760 works hard on on that whole like the trying to do her best with 994 00:48:42,760 --> 00:48:44,000 that stuff and that team does care. 995 00:48:44,000 --> 00:48:47,320 So anyways we'll see we'll see where that takes us but that was 996 00:48:47,320 --> 00:48:52,080 a lot of the discourse on on the timeline yesterday besides that 997 00:48:52,120 --> 00:48:54,320 and what we just covered for the last 40 minutes. 998 00:48:54,320 --> 00:48:58,920 I don't think there was much unless I missed anything Tyler. 999 00:48:58,920 --> 00:49:02,040 But it's really that in fantasy top still going you can share 1000 00:49:02,040 --> 00:49:03,880 your revenue. I don't know if you guys saw 1001 00:49:03,880 --> 00:49:07,120 that but you can share your Rev. I will definitely share some. 1002 00:49:07,120 --> 00:49:10,240 I just have to decide how much. But you get to decide how much 1003 00:49:10,240 --> 00:49:12,200 you share with your holders, and then based on how much you 1004 00:49:12,200 --> 00:49:15,160 share, you get rewards, right? Right, exactly. 1005 00:49:15,160 --> 00:49:19,680 And and the the incentives for heroes to share their ETH 1006 00:49:19,680 --> 00:49:22,320 rewards is huge. So like like personally I'm 1007 00:49:22,320 --> 00:49:26,800 getting like a 10X bump and blast gold and the fantasy 1008 00:49:26,800 --> 00:49:31,120 points for for sharing the ETH. But like I I was only getting 1009 00:49:31,120 --> 00:49:32,960 0.6 ETH. So for me it was an easier 1010 00:49:32,960 --> 00:49:35,080 decision. For someone who's getting five 1011 00:49:35,080 --> 00:49:38,400 or six ETH back it it becomes a little bit tougher. 1012 00:49:39,080 --> 00:49:41,200 So I do think the team is kind of putting the heroes in in a 1013 00:49:41,200 --> 00:49:43,760 little bit of a weird spot. Like it is tremendous pressure 1014 00:49:43,760 --> 00:49:48,080 to to to be sharing and it's all going to be pretty obvious and 1015 00:49:48,080 --> 00:49:50,920 on chain now. So we'll see if if there's any 1016 00:49:50,920 --> 00:49:56,320 backlash against that. But I think perhaps, I think 1017 00:49:56,320 --> 00:49:58,800 perhaps the bigger more important is that you also get a 1018 00:49:58,800 --> 00:50:01,480 soul bound legendary. So now every hero will have 1019 00:50:01,480 --> 00:50:03,880 their own legendary card. Oh, we are. 1020 00:50:04,480 --> 00:50:07,200 So if yes, so if you're not playing your legendary card, I 1021 00:50:07,200 --> 00:50:08,480 don't want to play your legendary card. 1022 00:50:08,560 --> 00:50:12,360 So like that that is now something like certainly to 1023 00:50:12,360 --> 00:50:13,800 watch. So like I'll be running my 1024 00:50:13,800 --> 00:50:17,280 legendary card out in every main tournament now, which also means 1025 00:50:17,280 --> 00:50:19,080 that I'm going to have to perform right? 1026 00:50:19,080 --> 00:50:22,080 Because my my standings will will be based on that. 1027 00:50:22,720 --> 00:50:25,080 Yeah, I mean I was, I was personally opting towards the 1028 00:50:25,080 --> 00:50:27,680 25% from the get go before they even shared this. 1029 00:50:27,680 --> 00:50:31,000 So I find it interesting you get your own cards finally get a 1030 00:50:31,000 --> 00:50:32,520 stole bound legendary which is fire. 1031 00:50:33,040 --> 00:50:35,400 Don't worry Tyler, I will play my Soul Bound legendary. 1032 00:50:35,480 --> 00:50:37,560 Don't worry, I mean the tournament's where I can. 1033 00:50:37,840 --> 00:50:40,320 But anyways, so that's that on that front. 1034 00:50:40,320 --> 00:50:42,080 Anyways, it is robot giveaway time. 1035 00:50:42,080 --> 00:50:48,440 I just saw the time, sorry, I'm just in chatting blah blah and 1036 00:50:48,960 --> 00:50:50,560 we've been going over anyways.